The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Ill
SiUS. ADM.
library
'
f:
*
>
:
<1
I
ppp pmpp
Reg. D. S. Pat. Office
Volume
6'/a%
outstanding,
has 24,000 no-par
common shares outstanding of an authorized issue of 55,000 shares.
4 There is no funded debt.—V. 157, p. 1520.
the
to
sales
and
Returns
4
sales
Net
Federal
taxes
$
•!
788,791
2,447,847
664,054
Cr374,951
99,680
1,784,496
*
*
profitprofit per share
163, p. 1997.
(984,324 shs.)
gram
to
ployees and their
The
5%
cumulative
dividends. Payment will be made at the
111.—V. 161, p. 1089.
v
.
'.'
....
directors on April 24
issue of 14,293 shares of class A
.
The class A shares ire convertible on or
B shares at the ratio of three class
'
•
4
*
surrendered.—V. 162, p. 1385,
$513,351
$0.52
"v.V:
of
$7
•
Exchange
New York Stock
'
New York Stock Exchange
Baltimore
stock on July 1, 1946,
Curb Exchange—
Stock. Exchange.—*..:-..
$364,963 will be
improvements, etc.
CAPITALIZATION GIVING EFFECT TO PRESENT
stock
Common
Y*,
First
Montreal
Stock Exchange^.
Curb Exchange-
used
;
—
comparative
.
income
Dec. 31, '45
Cost Of
goods sold-
gen. & adm
Prov. for doubtful accts.
Sell.,
Averages———.
Income
Investment News-2285
State and City'Bond Offerings and Sales—2344
Redemption Calls & Sinking Fund Notices-2332
Dividends Declared and Payable
2333
The Course of Bank Clearings——
2331
Foreign Exchange Rates
——
2332
Federal Reserve Banks
2332
Condition Statement of Member Banks of
death
Ohio River Valley, to include Cinr
and Georgetown, Ohio, and Ma'ys-
Huntington, W. Va., via the
as' the southern terminal,
been authorized by the OiVil
t*. **•> &
ville, Ky.,' as intermediate points has
Aeronautics Board, it is announced. .•
at; all
Service
Stringed
•
three
points
will be
started on ApriJ 29,
Harr^/R.1;
Vice^President-^-traffic, said. Their^-addition* brings to' 121
'V ;
dismemberment
by
2332
2337
1946
accidental means, personal
hospital ex¬
surgical operation insurance, and hospital expense insur¬
of the employees' families.
The revised program will become effective when 75%
of the em¬
ployees have enrolled.
Under a contract with the Metropolitan Life Insurance Co., Alle¬
ance
American Aviation, Inc.—Route Extended—
Extension of All American's Air Pick-Up route between Pittsburgh;
and
or
and
pense
All
cinnati
Total
General Corporation and
; Federal Reserve System
Capital Flotations for March
for. members
the
p.
will share the cost of the
as it has beeng doing under
Ludlum
gheny
program,
44i4,^;;.||f
;;
p ■•
•:^
■
insurance and administer
the present plan.—V. 163,
' • ■/".
•
•
shares
1,289,707
85,915
569
$161,860
profit
2,402
-■
statement
Year End.
$3,539,478
$4,384,049
3,597,444
2,977,917
185,752
3,684
196,332
•
2,222
$1,811,916
1,431,181
172,304
1,258
$207,172
r1,540
$374,514
18,761
$208,712
411,561
$594,019
5,349
19,832
deductions
Year End.
30, '43
$588,049
$372,124
5,969 'f\-, 2,390
$164,262
income
10,000
8,750
. 0.250
Income before prov.—
Prov.
income taxes-
for
Prov.
for
exc.
Net
tax
income
dividends
Preferred
dividends
Common
—V.
prof,
refund
Post-war
163,
p.
1997.
Aluminum Co. of
America—Extends Offer—
t
over
The time extension permitted exchanges to be made up to
April 26, 1946. The company has reserved the right to limit
amount of preferred to be exchanged during the period to
450,000 shares of the total outstanding. There are 1,192,366 shares of
April 20.
3
m.
p.
the
total
preferred outstanding.—-Vv 163, p. 1997,
«
'■
' '.
' V;
Amerada Petroleum
-v
„
...
„
:
Up-—,
connection with the proposed stock split-up ;bn ' a ^wprior-one
the authorized capital stock of no par value; will be, increased
from 1,000,000 shares to 1,844,150 shares. At Dec. 31,'1943, tihere were
922,075 shares issued, including 133,400 shares held in.the.treasury.
See V. 163, p. 1997.
,
'
'•
rf*"- ■■■■;' • / .
basis,
ELECTRONICS
RAILS
DIVERSIFIED
Municipal Bonds
INDUSTRIALS
INVESTMENT FEND
MUNICIPAL DEPARTMENT
PROSPECTUS ON REQUEST
Kobbe, Gearhart & Company
qAllen & Company
Established 1922
■
-'.v
Member* New
pip
...
;
80 BROAD
Telephone
"
STREET
HAnover
2-2600
■
j,'
NEW YORK 4, N. Y.
Bell Teletype: NY 1-57S
i
i
r
'
•.
Telephone
REctor 2-8600
HUGH W. LONG and
York security Dealert Association
45 NASSAU STREET, NEW YORK 5
f Philadelphia Telephone
Enterprise 6015
,
;
Bell Teletype
New York 1-576
_
x.':.
'
Corp.—Further Details on Split-
FLOiUDA & NEW JERSEY
INCORPORATED
^
200,000 shares of the company's preferred stock already
offered for exchange on the basis of seven shares of common for
each five shares of preferred, the company, on April 20, announced a
brief extension of the period during which the transfer can be made.
The original offer announced April 11,
1946, expired at noon on
With
In
1AllianceWare, Inc. — Stocks Offered — Mention was
made in our issue of April 15 of the offering of 12,000
shares of $2.50 convertible preferred stock (par $50) and
SPECIALIST IN
Com.
■
.
4,809
4,200
3,000
June 30, '45 June 30, '44. June
$1,538,052
sales
Net
-
Year End.
6 Mos. End.
Other income
The First National
Pref.
shares
Miscellaneous Features
prompt payment
for, both types
company
v,
Gross
'' ■>.'
the
by
Hayden, Miller & Co...:
—u__Hawley, Shepard & Co.
Maynard H. Murch & Co.———
Stock
Stock and Bond
is
agreed to purchase are as follows;
Exchange—Curb Section.
Over- the-Counter Markets
- -Transactions New York Stock Exchange.
Transactions New York Curb Exchange-
follows: for each share
stock $105,784; and $5'
of
Its
UNDERWRITERS—-The'nameshf the principal underwriters and th&
hurnbe r of aha res of preferred and common stocks which each has-
——.
Toronto"Stock ExchangeToronto
■ t
was
in the manufacture and sale
deep drawn steel stampings.
Is engaged principally
porcelain enameled extra
manufacturing, equipment
of product.
Pittsburgh Stock Exchange-——.
St. Louis Stock Exchange———.
Montreal Stock Exchange
—
certificates for payment at any time
of the City of New York, whereupon
National
incorporation authorizing
\
BUSINESS—Company
&
Company
Philadelphia Stock Exchange-
Bank
of the redemption price will be made by check of
Bank of the City of New York. For the convenience
of stockholders residing in the vicinity of Birmingham,
The First
National Bank of the Cty of New York has arranged that certificates
may be surrendered for redemption at the office of its sub-agent,
The First National Bank of Birmingham,
17 North 20th St., Bir¬
mingham 2, Ala., and payment made therefor by said bank.
The number of shares called for redemption May 18, 1946 are as
follows: 29,662 shares of $7 preferred, 23,237 shares of $6 preferred
and 2,977 shares of $5 preferred.
Stockholders who have deposited in excess of an aggregate of 25
shares of $7 preferred stock, $6 preferred stock and/or $5 preferred
stock for exchange for 4.20% preferred stock will receive with the
certificates for the new preferred stock to which they are entitled
remittance for the redemption price of such of their deposited shares
as are not being exchanged, if any, because of allotments.
No further
action on the part of such stockholders is required with, respect to
such deposited shares.
'
'
The stock transfer books of the company with respect to the shares
of $7 preferred stock, $6 preferred stock and $5 preferred stock have
been permanently closed.—V. 163, p. 1997*
/
The
Outstanding
12,000 shs.
{' 99,000 shs.
150,000 shs.
—
,
products are divided between the steel sanitary ware field and vitreous
porcelain enameled deep drawn washing machine tubs which, are sold
to manufacturers of washing machines. Generally speaking, the same
Stock
Los Angeles
Stockholders may tender their
to
FINANCING °
12,000 shs.
12,000
vitreous
Chicago Stock Exchange--,*—
Cincinnati Stock Exchange
-——
Cleveland Stock Exchange—
the $7'; preferred stock, $6 pre¬
will cease.
The company on April 17 deposited the aggregate redemption price
with The First National Bank of the City of New York, 2 Wall Street,
N. Y.
to
Authorized
(par $50)
stock
(par $1)—.
$2.50 convertible pref.
18,
New York 15,
added
Columbia corporation.
Boston Stock Exchange—.-—
1946, all dividends on
ferred stock and $5 preferred stock
May
used ,"as)
be
approximately
of
working capital and may be used for
preferred stock $106,487.
On
$554,922). will
incorporated in Ohio April
21, 1934 under corporate name of The Alliance Porcelain Products Co.
By amendment to articles of incorporation Sept. 13,
1944 corporate
name
was
changed to Alliance Ware, Inc. Company's main office Is
located on Gaskill Road, in Lexington Township, Ohio, just outside
the corporate limits of the City of Alliance, Company has no sub¬
sidiaries but has onet-third interest in Alliance Ware, Ltd.; a British
(Stocks) —
(Bonds)——
New York
Co.—Calls Preferred Stocks-
PP
balance
(c)
$85,000;
HISTORY
Stock and Bond Quotations
before July 1, 1948, Into
B shares for each class
*
respective redemption prices will be as
preferred stock $115,914; $6 preferred
Other details follow:
(estimated
proceed*
To redeem, at aggregate redemption price of $105,000 plus
accrued dividends,
1,000 shares of 6% preferred stock; (b)
to pay
certain notes of the company in the aggregate principal amount of
(a)
preferred stock.
is
The
PURPOSE—The
follows:
shares of $2.50 convertible preferred stock, increasing the
common
stock from 2,500 shares to 150,000 shares, and
converting the previously outstanding 1,375 shares of common stock
(no par) into 99,000 shares of common stock (par $1). Of the author¬
ized, but unissued 51,000 shares of common stock (par $1), 30,000
shares have been reserved for conversion of the: $2.50 convertible
the
8tOCk.'
insurance for
accident benefits,
stockholders^
of certain
Shareholders recently amended articles of
announced that the company will redeem bn May 18, 1946,
redemption prices of $115 per share for each share of $7
preferred stock and $105 per share for each share of $6 preferred
stock and $5 preferred stock, plus in each case an amount equal to
accrued dividend to the date of redemption, all of the outstanding
shares of its $7 preferred stock, $6 preferred stock and $5 preferred
stock which, have not been exchanged for the new 4.20% preferred
it
ist
and
,
authorized
of New York, 11 Broad St., New York, N,
class
Alabama Power
sickness
insurance on the life of
will include
MISCELLANEOUS
-
25,000 shares of common stock (par $1) by a syndicate
headed by Hayden, Miller & Co., Hawley, Shepard &
Co. and Maynard H. Murch & Co.
The prefererd stock
was offered at par and the common stock at $15.50 per
share.
The common stock is being sold for the account
the
Detroit
A share
plan
new
weekly
employee,
per
National Bank of the City
the
*
__
share, from stockholders of record on June 14, 1946, or
their assigns.
The shares called will carry the usual 37 %-ceitt class
A dividend,, payable July 1, 1946.
The redemption funds will be available at the office of the Chase
$20
under
Benefits
the
1 4".
the company said.
dependents,
Inc.-^Calls Class A Stock—
adopted a resolution calling the entire
outstanding
at
comprehensive to be offered to em¬
company, will broaden the existing program, which
is limited to life insurance on the employee, to provide hospitaliza¬
tion and other protection not now available to employees and their
Northern Trust Co., Chicago,
i--.••-v.
'• •••'
"
■'
v'V''•>: ' ";'K ?:*•
Aero Supply Mfg. Co.,
families.
plan, one of the most
new
ployees of a steel
called for redemption on May 15, next, 2,000 shares
convertible preferred stock at $21 per share and
of
The
ments
Co.—Partial Redemption
Aetna Ball & Boiler Bearing
The company has
•
it has made arrange¬
group insurance pro¬
provide greater protection, at minimum cost, for its em¬
corporation on April 19 announced that
to revise and expand the scope of its
150,000
$400,008
$0.41
$679,329
$0.69
-
_
Corp.—Group Insurance—
Allegheny Ludlum Steel
The
■
..
Net
Net
—V.
1,095,693
-
Income
on
$9,083,780 $10,709,3'55
416,363
*
contingencies—__
amortiz. (aft. inc. tax)_
Additional
'
$7,487,285
for
Reserve
:H:'
allowances
—
profit
Operating
__
Mar. 31,'46 Dec. 31,'45 Mar. 31,'45
$7,635,706 $9,571,035 $10,858,481
148,421
487,255
149,127
Quarter Ended—
Gross
New York, Delaware, West Virginia, Ohio and
'
„
The arrangement is to remain effective until trunk-line service is
resumed at Huntington.—V. 163, p. 461,
.*■'4
Kentucky.
stock the company
preferred
Acme Steel Co.—Earnings—
$
All American's Air Pick-Up
and towns served by
of cities
number
INSURANCE
-
•
addition
In
Si
shares of the issue
As of Dec. 31, 1945, there were 6,879
11; dividends.
INDUSTRIAL
-
system in Pennsylvania,
The company has called for redemption on June 1 the outstanding
cumulative convertible pielerence stock at 105,
and accrued
<
'&■
the
Ltd,—Calls Pref. Issue—
Acme Glove Works,
J
PUBLIC UTILITY
-
Copy
a
Corporation and Investment News
General
RAILROAD
Price 60 Cents
N. Y., Monday, April 29, 1946
New York,
4485
Number
163
COMPANY
INCORPORATED
48 WALL
STREET
NEW YORK 5
!•
'
.
634 SO. SPRING ST.
LOS ANGELES U
■
;v::v^
■
'
V.:-.
:
'
'
• •:
v:
American AcJCtastics, Inc.—Stock Offered—The initial
public financing Of the company involving the offering
by L. D. Sherman & Co/t>f-59,-80a shares of 6% cumula¬
tive convertible preferred stock X$5 par) and 59,000
shares of common stGfck. (par, 10C) J was made April 26.
securities
The
offered
were
preferred and
fpeiyunit.
•
in
share of
one
units
of
as
chase
formation
of
plecioir""
replace
the War
,,v the preferred -stock
4s 'Convertible into common at the rate of S'/a
,,.shares of common for each share of .preferred,
..
L
•
Outstanding capitalization of American Acoustics, Inc., will consist
of 59,800 shares of 6% cumulative convertible preferred stock; 600,000
shares of common stock, and 100,000 warrants to^purchase common,-,
OilllC;
r
-
1
account- of five stockholders,
r
„
r
>
163, p.
1414.
D«e
amount
'
ntvrf
and
to
as
to
ovivinctS«
expansion
trust.
■
.
t
;tlie
.
is
-
Vultee
■
i
American
and
Airlines
were
both
controlled
to
..
\
v
7
The
'
f
shares
upon
1
.T
i'\<
?.'
A
Increase
an
*
in
tho-authorized' common
2,000,000 shares.
*
stock
.
.
•
Mr.
t
'
'
that
the
all
;
;
products are still under ceilings. . While
mitted some price advances; these have
been
acts are
.
'■
Mr.
being sold at
Given
stated
a
loss.
that
as
the.company
.
result of
a
small
"
*
has
and
.
Stockholders
.were
tqjd
;
'
*«
been
some
-
■
■
contemplates
^
of
some
of Tnaterlal /-and labor
-
651,070
March 8 stated in part:
•
'^eV'earnings 'for ?the
v
.
H
K
per-
prod1
__t—
_
.
-^1
—-,_7excess
profits taXes—
past service
1
-
$5,065,433
; f erred
dividends Of
President;
Jr.,
;
.
v
amortization
ancl
$18,351,104 "ill 194.4—V.
103,.
p.
1298-
..
.
'
extending
>
Division
facture
1
its
welding
which will concentrate
of
7,074613
9,800600
\
into
in
1945
A-
$514,500,
.
.
*.
>
,.
under
the ;>carry-back
return
maa^,not been examihed,
provision
of
examined/ Resulting. In
•
•
the
tax
law.
The" 1943 tax
the
-
-
shares
per
>After
return
filed, adjusted for
l^ot nn^
i^m<?rtization aPPlicable to that year, shows earnings" of
a
8U i.f^
. excess^ profits
tax.
Since no excess -profit3 tax
Zt?i:Ply^e
the maxlmum amount of possible refund by
f5u"
,sl}ould 1946-cainings fall below the base period earnings
credit, would be
apprOxiihately $148,000.
'
; '
,
i;
1946
outstand'g
shareJ.
f 1945
'k "
432,825
$1.60
.ShiP^e"ts were $77,236,453,
National
when
S
•
.of
Bearing
Metals
nS? ordfe.r3
$7,437,000 auring the
Jan-
year.
an increase of
shipments
of
1946-
It
is
$8,068,686
817,601,568
over
1944
^American
flAJnntvne-Dft
were $25,742,000,-a reduction
impossible to forecast futurfe
Renegotiation for the year-1944
was
V®fdnd
1945
reQUired.
^as
Percent
profit
to
having been, lower than in. 1944, no provision. for jefund
made.
r ,T-'
J During the year 295
clafn#;B!flotfntihg ^
•.
result
unpaid
in
of
war
126
contract
effecting
during
At
Dec.
totaling $265,000.
As
-collection, the full amount
been taken into
-
terminations..
claims
the
the accounts.
year
expenditures
no
of
has
has
\
on
?
"
plant
and
to
bid
the
Securities
and
Exchange
Commission
on
at competitive bidding
by Continental Gas & Electric Corp. Continental
/owns 99.17% of the outstanding common.
?
»,
-c/v
,
Previous attempts Of American Gas to
purchase the Columbus equity
,
31, 1945, there remained
difficulty, is anticipated-.;
claims
3,034,589
Buy Utility Stock-
asked
equipment amounted
■
direct
from
Continental
^Negotiations -along
G.
this line,
/formal discussions with the
American
made
American
told
a
E.
have
however,
failed
have
to
been
win
SEC
approval*
limited solely to in-i
SEC's public utility-staff.
At no time haS
filing for permission to bid for the equity.
Commission the acquisition of the shares will
formal
the
&
4
,
the
for
current
construction
;
-authorized
"the cumulatfVe preferred
-
.
,
.
•
-
Registrar, Chase National Bank,
.
'.
'• 2
a
■
first
and
year
quarter of
1947
aggregate
of
Machines,
rind approximately
$2,000,000 foi*
such' as installation, administration, selling and other
The net proceeds from the sale Of the cumulative preferred
otherwise
(no
board
-
of
*
GIVING EFFECT TO PRESENT - FINANCING
(-par $100)_
stock
the
as
'
-
stock
"Exclusive
i
Authorized
Outstanding:
80,000 shs.
*980,542 shs,
lOO.OOO shs.
-
par)
l;500,000 shs.
—_
Of
19,458 shares 'acquired by the company and hela iff
for. sale, under its stoCk purchase plan and inclusive
held for redemption of fractional beneficial "certificates.
in .1912.
2"
v
shares
360
Issued
Feb. li, 1946, the company purchased from an agency
plant1 at CheektOwaga, N. Y., for $1,436,656, payable $287,331
the balance by a purchase money bbnd arid
inortgageiof .$1,149-,325 due quarter-iannually in
eqUal -installments up to Feb..
NOTE—On
of RFC
in
a
End
cash
11,
1956,
with
interest
the
at
f
negotiating' for the 'refinancing
^stantiaiiy lower intei-est late.
Jersey.
AND
rate
of
4%
per
of "sGch bond
annum.
arid
Company f&
mortgage at a -sub-
r'
i,
BUSIN^$$-^omi)affy' 'iM 6rga^Ze6 in' "i$Q<L
Company was originally organized
of machinery used by the tobacco
Over
industry.
-
for
-
the
»
Irt
productioa
the year's its activi¬
the company is one of the leading;
semi-automatic machinery, Including
ties have; been diversified so that
manufacturers
of
automatic
and
.cigarette and
cigar making equipment, certain equipment used by the
industry and certain types of general industrial machinery.
;baking
•*'SS&tteS8S?y TdOTlope4 *new **»«*»**«*> -amf
•
,
,4
■.
',
.-»s q(I-V1 ("
,
underwriters 'riame^.y below havfe
to purchase from thOj^pmpanW at
peri2
dividend^ trom Aprii
shares of preferred stock set biter their .respective pafffe^bglpw:
.
r
.
a-;o>,HNBERWRlTERB-ff:77)ie. SeVefal
severally, apd, riot Jointly,
^l$ioi;625
^are^pius
>,j,,,
"
^v
No. of
•
'
NO.fff
Shares
Jiahman
£
has
to 4ist
Co.
an
•'
Exchange.
Title—
1945
$4,867,292
the -744,455
shares of common
stock
of
^Columbus- & Southern Ohio-Flectric Co. when these are
put 'up for sal4
M
the" unpaid
company
authorize it
ereation6f
are
Union
completed early in 1945
No
on
reriegotiable
in
business
been
i
J
t;
American Gas
.
?
.
2,846.904
The
begin¬
its. treasury
also
.*
—V. 163, p. 1021.
sinking fund,
pre-'
intended to be added to the. company's working capital and
to *be used to provide funds for the
foregoing purposes.
furtbev funds .(Which cannot now be determined) will be
Obtained through the sale of the
remaining 20,000 authorized shares of
of
$1.68
.$5,089,746
^Shipments
new
'
432,825
/;
1946
'Orders booked
;
f
.
^
Quarter ended Mareh 31—
j.
not
were
$1.J3
-
Anteriean
Be made
Stock
Banker's Trust
Costs
'Common
t 1943'5
:$725/122
pfovtdingrfor* depreciation and "^timated iFederal. taxes;
,
t
•
432.825
_
•
HISTORY
$74-7,731
432,825
^$1.72
com.
arimual
The
case.
Any
New
>21944
T$£94,42$
each
an
the benefit -of
York
New
CAPITALIZATION,
'
•respectively, to provision for generajl reserves.—V^ JL03/ p.;1854, «
2-qiiff
Vi
return'as
^
;
;
Earns,
K.
Only 'minor Adjhstments. ; The 1944
but*
3 Mos. End. Mar. 31^-
Com.
iff
$9,600,000 and $11,000,600, repi'esentirig -approximately. $400,-
the
Pfd.
of the company's
..^Profit-.—4746<iai
the
•.
dividends
preferred ;stock,
through borrowing, or
;directors may determine.•> ' «■'
' ' '
2 American Chicle Go. (& Subs.)—Earnings-—
.
per
therafter
'are intended
;
aiid
manufacturing operations ha$ facil¬
for automatic-and-hand welding, heavy forming
machinery, heat treating and stress relieving units, metallurgical and
physical testings, X-ray and magnaflux inspecting equipment.
"The development section of the Welded Products Division," Mr.
Stevenson stated,
"is prepared to design weldments for new products
as
yell as. fpr railroad and mine car parts, machinery parts, struc¬
tural members and 'other items where "a substantial saving 'ct a bet¬
ter product -4s- realized
by substituting Weldments for castings or
forgings/;—V. 163, p. 1-854
on
.
and
payment
.expenses.
•
:W^re' S2;51Z,969 ^Wch, after" pre-
of
'other
10,371,494
.
'
1949,
15/
stowfe'rds the cost of-a plant recently acquired froth
an, agency
of. the, RF<?„ $2.500,00Q for jngritifkctrirlrig Equipiribrii^
*$4,OOo,:O0O to $6,000,000 for 'material, labdr hnd overhead entering:
$47,967,395 $51699,855
*■.
have
agent,
pinspotter
design, development and/:manu-
weldments.
This division
:
-
2
$108
estimated
net
proceeds
Is $8,090,600.
Company
developed a 'new product known
the "AMF autriittatlc -pfnrspotter."
The
pfesenlty contemplated
cash Expenditures
for
the
introduction, ffrOtiuction and distribution Of^ the AmP -•automatfc
k000
750,000
.
,
the
on
the
on
'between
anncunces that the company is
establishing a Welded Pfodufcts
activities •-by
jor--before 'July
notice at
PURPOSE—The
-
Stevenson.'President,
will
York. '
New
225,000
$22,622,575
C
-
oh
days'
on April 16-approved the
100,000 shares of preferred stock.
Trahs.'er
tivities—
A.
%
-ItifcfcHiir Ttlife
time upon at least 30
LISTING—Application Will
1,032,810
,11655,693
r
of
per share and accrued divs.
ning with the year 1951, sufficient to retire 2M»%-of the maximum
number of, shares theietofore. issued.
The-sinking fund redemption
price is $104 per share, plus accrued dividends.
>
stock
depreciation
any
redeemed
Stock
stock
•
7,674,-313
^
If
at
•
12,886,225
;<
-
2—^—
i.__•
After
*•
.
1,861,050
200.000
_/i
-
'
iFdnndry Go.-^Preferred Stock
The'stockholders
4,p33,7l5
9,800,000
12,886,225
par)
fund,
issue of
$3,035,039
938,760
2
($100
Re~
on-
has
.100600
...
:
Total
Frederick"
equals $2.51 - per shafe On the comhion
-stock; -Earnings in T944vwere'
$2,717,175 'xft- $2.77 pef common shai>e.
Due to the merger on Dec.
30,' 1044," of National Bearing Metals Corp.
into Brake Shoe, the 1944
income included only $103,168 diviclefids
vfeceiVedy Tepresentlng- 27%, o'f National
Bearing Metals earnings for
1944, while 1945 income includes 100 % of such
earnings.
i
7 '
.*?fovisIon.,for. U..S. taxes.-on income for the current year; amounted
to
$34,8,930; after deducting $651,070 estimated refund of 1942 taxes
'
shate
ferred
-
$51,699,655
$2,889,10.9
1,852,170
1,170,924
of pensions-plan
cost
par), at $104
redemption price is
issue iprica ' puis "aCcrued
,
t
.
&
st^ck '»lii - Ittd&fiiiibfe,'
1944,
1345
$3,'89,7,090
7
:
Machine
•
j American -Gar & Fcundry Go.—^Extends Welding Ac-
expansion"
y-
' 1645
industry went to war Mr. .Butkiewicz -joined
then transferred to the Reconstruction Finance
Corpora¬
stock ($100
1,084,450
i
—I $47,967,395
1
I
ft
"prdgra'm, which
Mr. Given stated that
Causing serious delays^
/ •
;
are
automobile
preferred
$1,429,673
-1,029,432
4,523,249
6,205.5237,541,330
payable
[ Other contingencies
6V4% preferred stock
f
$12,500,000,
Anttuai Re^ort~-Wi)i,; B. .Given,
-
the
.
underwriting group headed by, Lehman
Brothers and Union Securities
Corp. on April 25 offered
to the public 80,000 sharesr of 3.90% cumulative
.
j
organization
'Offered—An
$2.77
consolidated
accounts
tJ. $. income and
..."
.
.
ities -and equipment
and
Reinsurance
American
-
$2,512,969
-
1
f Capital surplus
Earned surplus
$6,000,000
expenditure
"
—
-
5
Manager.
When
6,649,464
Total
.,
1945.
iff
tion where he has been a member of the Review Committee
:riegotiat.ons lor-tire't i-.ee'i.«avu.
'• ''*-•*
*'-"'t
1,400,000
notes
| Common stock
the
.
tax
of
•
1,193,^90
2
;
held.:'
the
surplus to policyholders of $21,676,000. In December, 1945, Mellon
merged into General Reinsurance Corporation.
/sales
$5,310,765
1,000,000
Additional costs, arising out .of war„
that
month, Mr. Given predicted.
Commenting on the Improvement
a
$2,861,899
hand
on
Indebtedness of -subs.- not
Reserves—net
und^r./existing conditions it. was impos¬
sible to forecast
production, but shipments rose in March ojid amount¬
ed to about
$5,800,000.
On the basis of present conditions and prices,
.shipments for the-rest of the-year might be-at the- rate of,
Treasury
Accounts
:.
lifting of price controls on
railroad supply pipducts, the ..company has increased prices for brake
shoes and wheels; practically all sales »re made;on an 'Csc&latdr 'baMfe.
;
S.
and
deposit
^Accrued
,
.
U.
U
company's
.
.
of
381,410
2—
7-
share
of
Vice-President arid National
He will devote his activities to building a nationwide
for the American Bank Credit'Plan to cooperate
with the local commercial banks
working exclusively with the local
automtfbile dealers' throughput' the'
country.
' *
-■"
-
288,210
1,776,070
■
-^-
each
of
holders
date
Harry C. Butkiewicz has been appointed
BALANCE- SHEET, DEC. 31
on
basis,
American installment Credit Corp.—-New
Appointment
$5,980,385
tax
:
shares. for
stock
common
effective
189,184
152,534
income*--
on
the
011
of the, capital
.
223,468
re-
income
additional
Indemnity Cofp, .was
—V. 163, .p. 1854.
Sales
_r__
11 LIABILITIES—
plants., are free of strikes
but that- the
supply- of materials is extremely tight.
The company,
he said, has about a 20-day supply of steel .but..unless the soft Coal
Shrike is settled; soon it; Will have: hone.
■
*
i.
r
>
While ..some
price restrictions have
been
removed
from
railway
supply, products, Mr. Given declared that some 40'%r df Brake Shoe
-
charged to
for
stock
common
Corporation and Its subsidiary, North Star*
corporation, now constitute the largest strictly reinsurenterprise controlled by American capital"/ It3 balarice sheef as
Dec- 31, 1945 showed capital of $5,000,000, surplus of $10,000,000
and
•
—
v
'"
full
Corp.
three
shares
General
..
irprtij1,000,000 shares
,
Given stated
tl,:
Ume
Reinsurance
14,436 •
18,301
21 210;484,376 ' H;020,265
tl. S.
Treasury tax refund claims_J__i_^
:_l
■ 2,109,420"
T/V- 12>'
Postwar exc.' pifefits tax 'credit <85 refund? bond's
1,312,775
| Investments—-Subs, not consolidated
—■
.389,515.
389,515
Other companies
"
2,097,423- -2,435,746
fFixed -assets
15/414,600
18,674,334
i j: Deferred charges and sundry "assets
705.847
888.709
WiHiam
:«tock.,
the
r
.
Was organized
Inc.,
sinking
Inventories
The company, he declared,, has no plan for.redemption of outstanding preferred stock.
"Ke said he- felt such a move, would be unfair
unless ^-fairly Bubstantial advantage-was-indicated for the common
;
S
stoct
,ance
'
B. Given, Jr., President, Stated that the board of directors
has no; plan at present for using- aiTy, of Che new
common, but indicated that it' Was
^-difficult to , antiCipate ;the .e^tent-of --gro,wth ''aivd
that it: was felt desirable to have -the stock available.
'»
i
costs
in
tax carry-back refund-
7
1
-
*
fro6t!1
AWn
mergey,
ftlso provides for the issuance of 116,875 shares of
preferred
stock, $2 dividend series, and 280,500 shares of common stock to
the stockholders of Reco, Inc. other than itself,
'
of
] Note's and accounts 'receivable-
the
Increased—
""
"
;
disposal
on
elusive of accelerated .amortization—-—
Cash
?
^he stockholders. at-thfr-annbttl-meeting-held -On 'April • 23• approved
to
certain
ASSETS—
n
;
balance of 15',-
of
1
'
~
American. Brake Shoe 1Co^r-Btock
<
1
Its 8ole 'lnVestm.ent Consists of
stock <pf General Reinsurance Corp.,
b.eing approximately 36% of the outstanding shares of that corporation.
Thfese
shares' will be acquired, by
American General Corp. as the
"continuing corpOx'a'tibh under the terms of the agreement of
;
49,787
2—
earnings
t
•}.|
company's
•„7« convertible -preference- stock has fceen corivertod into cOmnvon 'and tfie
small amount outstanding has been called for redemption, Mr,- fenn
Jisclcsed.—V. 162. p. 2937.
^ '
•
<
tJo^Fitaneing Complete*—
the exercise of subscription warrants.
was' purchased by'underwriters.'
Most
Reco,
103,108
257,262
loss
General
-180,230.4
$5,464,565
13,523
share—' "
" $2.51
NOTE—Deducted in arriving at above net earnings:
DepfeCib'tfoft'd'f plant and "equipment—
$1,724,730
Amortization -of. emergency facilities "ex-
j j
Has 'completed' Its financing prbgram 'successfully,
Fenn,_ President and -Chairman, stated 4n a letter, to stpck-
sha'res
Net
t
•
488
-
,
receiving
merger
-
f; Net .earnings, per ..cOmmon
^"
T'':.
/
About $1,-500,000 was obtained tor workihg capital purposes recently
"by Ja common offering-iir which -stockholders: subscribed for "264,475
c
> '
}, ■-/. --'t,
Inc.
American
r.
,
$4,469,931
—
purposes
i:;|
j
,
of
deductible
Excess profits
htOlders,
-1
1
.
merger proposal Includes a splitrup in tWfe
American General Corp.
on
a
four-for-one share
■
j Net earnings before U. S. taxes
fNormal and surtax
fExcess profits taxes—-
by
.
Kvr
.
the OPA and
company
Francis- H,
-
.
The
.
(including
treatment
serves; as
•
:
•
charges
j
•
;i;f $18,000,000.—V. 183, p. 2149.
American Bantam
;
Jt/TAtirtAM '^
<j\r%
VOte t>n Merger-rSplit-
.which
.STATEMENT. OF INCOME, YEARS. ENDED -DEC., 31
i
the Aviation
The value of the contract has been estimated at approximately
Corp.
.
Reco,
-
as.
—
':;y>,y
j
r"
The CAB" order ending the trust also paves the way to. a resump¬
tion by American Airlines of its contract for 100 model 220 airplanes
'Ixo be* manufactured by the Consolidated Vultee Aircraft Corp.
The
.Planes were ordered by the Airline, -but the CAB has prevented -the
'M ■ contract from being put into effect on the ground that Consolidated
.
<a/4
ronrnpont
..
in
fixed assets..
•__
Amount equivalent to tax reduction attributable
•
■»+£
.
of
•.'$'4,790,503;
divest itself of control of American Airlines, Inc.,
;t»y reducing its Ownership to not mor.e than 4 % of, the total common
stock outstanding.
*
:
The CAB declared on April 19 that The Aviation Corp. had divested
; itself of control since the 51,538 shares it retains represent less than
4%
of the
1,290,567^9 shares of American Airlines common " how
,
■
&
"
.
the company's accounts representing
<prioT to '-1945, -4ib ^aa - from-time ;to - time been T»reviouSly
carried
now
income,---income" _1
Other
The Aviation Corp. to
Ii%voutstaridingJ|i| V..
commitments
restored, to
•Other
.
'
Columibus
the SEC.—V. 163, p. 1998„
^mrar
Li—Tri
merger-becomes effective.
expend!$3,000,000 have
_
^
recently -sold to underwriters in compliance witha-CAB-order -requiring
■
which
Profit
ffOmr Operations_;_____-:_;iiii.^-„__._
Dividends from subsidiaries riot consolidated—of
reserves
provided in prior years
.
The termination of the agreement will release to The Aviation Corp.
-the 51,538- shafts of Arlfne stock still subject to the trust.
Another 211,000 Shares, of common stock subject to the trust Were
.
the
"The Eduity Corp. on Feb. 28, 1946, was the owner of
approximately
10'/
tif the
.10% -of the nrt»terred-'Ktonk-ftrtri 75% of the common stock of American
pmerred. stock and
General Corp. and approximately 78% of the outstanding stock of
V
awrub*«e<-
contemplate
.Portion
.
.
rtonifftl.
1645
1944
Net sales
$77,236,453 $69,167,768
•Cost Of Sales
i—67-056,689 -58,714.264
-Bellihg, admin;, research bnd-genbrai expense-5,709,8^$"
4,988,938
*
:/&$.&.
..
.
programs
.
trust-agreement of July 6, 1641, between The Aviation fC0rp. *and tfesSe
Jones. thdm Fedbral Loan Administrator, .as' trus'tfee,' bv which The
Aviation Corp.'s common stock ' interest -in -American -Airlines, Inc.,
held in
proposes' *to "sell
capUaP^ep/esented by iS Z trlLSy-heM
AfeitTve
treas
censtruction
•
■was
in
10 years.« i
i
Southern Ohio stock
v
sfeel
nwuwuM!
reported,, various .amoupts .canlfecj
....
'
Aeronautics Board -has consented -to -the revocation of
-
g.oodw,ill were written off by
the company and its
subsidiaries, causing reductions in het worth.
ilThe total amount Of such write-offs, the' last' of which occurred
in 1944, has been
approximately-$ll„OOCt,ODO.v.,
j
Inc.—Trusteeship Ended—
war.
*?•
$12,500,000,
•'goodwill."
(•
..
Ifl
l
commercial *banks
■
-
-
-
-bllC-,;':UUnipany/:'..Tn7Spill^■0Ila'S6U:v'LnBr:^MO116bV'6'-''''-pu66I
ew*
.
Civil
more
or
VA on^iforoooslj8 to' mcree'tt? ooroorat on"witha Beri!°rt ""Vh
■
-conditions mew existing,- the estiT946 expenditures is only half that total. -New
plants how
being built are delayed by shortages of materials and fabar. 'It is"
important that, as rapid picgress as-possible be made.-—
"
The
The
of
"the oorhpany Is ^engaged. iif :^b-Tria^tiffeotiire and sale of -air filters
and air Conditioning systems and also dust, collectors
which are used in certain industries for. cleansing the air of -dust
generated by manufacturing operations.
The company reported net
sales for the fiscal year Elided OCt. Sli 1645, of $8;612,057. Net "profit
for -the .period was $408,056, equal on a pro forma basis to $1.2a p£r
American Airlines,
retain.
,
y vdl ""CilU
made.
No
J.
,
^
high-cost
Joliette,
of
/been
by
share on the common stock.—V.
one
IJp T)f StO(;k A1$0 Pr0t)6"se.d—^
'
>
used in ventilating
'
to
maturity -of less than
a
AmCTlCftn general
^4?/ .-TO^y?-?/ipcd«l''roktog "11? "'S/lhe
imnrnvornpnt
'improvement
tures
Ahristedt BrPs. of L'ouisStfllS * bn Ap'ftl '24
offered to the public 10l,f)&6 shares of common "Stock
{$1 par) at $13.75 per share.
The shares are being sold
;
from
would have
Jpursuant'iJto %;;diyestipent order
Quebec, Canada, which produces manganese steel
castings.
A fodndry ih Canada for thi
product'has been a plan of
many years. *
American Air Filter Co., Inc.—An underwriting group
'
are
oiti,
wic
in
The
for the
nve
Sh,cl
Ltd.,
stock;
'<iSr
Plans
plants, >-~ *
'
' ' *
years, t,-Of The' balande, f
the other -two for products
deve'oped during the
■and
.
"
headed
permission
the
company and the transfer of
certain facilities; "for working capital, and other corporate purposes.
•
CJdri'tihental
arid a heat resistant alloy fbundry in Elytta, Ohio.
Land has been
purchased ahd plans nearly completed for a
bearing plant ;in Niles,
Meadvil e, Pa.
The Ahiericftri
:?Brakeblok DfViSiqn will bp! id' ah additional* plant in This country alid
one In 'Lindsay,
Ont-rrio, 'Canada, where lurid has been purchased.* An
•
the
Americian
lOhio. ^iid -v bronze casting /plant in
r
with
borrowing
notes
v
a
manufacturing and
-connection
through
The- bank
.
.
•
American
....,
hks given
19468
Monday, April 29,
New York City.
15, this
subsidiary .of Pressurelube, Inc., to take over the business
selling patented Sound absorbent plastic acous-r
tical tile and plaster -products now marketed by Pressurelube. /
•
' >• Proceeds from the /Sale of these 59,800 bnlts, Estimated at 'approxi■Wk
-»nately $254,150 before Pertain expenses but after underwriting discount,,;yivgK will be used for the payment of obligations to be assumed by tne cor¬
poration; to reimburse Pressurelube, Inc. for expenditures made iff
of
-
Commission
which .the
of $5
American Acoustics Was Incorporated in Delaware on March
'year,
$3;000,000.
:
of
share
one
at a price
common
v
commitments bf approximately
ture
:>A:yV.
fv<
■
'
■
.
£
•..'>?
,
THE COMMERCIAL & FINANCIAL CHRONICLE
2286
v
"■'•y-'-Wi >.
Brothers
Securities
Bacon,
Rlair &
,
Corp._:
Whipple &
Co.,
•
9,500
Mason-Hagan, Inc
—22 Fi jSv Mosetey & Co-
91,500
Co
2,000
Inc.--..^____
2 000
Newhard, Cook & Co
Pacific
Blyth & Co., Inc.—.
5,000
jdiark; Dodge & Co.——_
3,000
Davenport & Co
.Cr-2"^-^- l,00o
Draper, Sears A? Co.i-t22.r-T.OdO
The First Boston Corp.„v2
8,000
Goldman, Sachs & Co.^—.
' 3600
; 2 Swiss
'22,500
Hornblower Sc
Weeks^,--
2,000
1,000
2,500
Smith, Barney & Co
5,000
American : Corp.
1,000
Spencer Trask Sc Co
1,000
Wertheim. & Cq,___^-—3,000
Bache ds do--------------1,000
2,500
Co.—^14.2—.
Ilaydem Stone •&
•Henry Herrnian & Co
Northwest Co
R, W. Pressprich & Co.—
Reynolds <fe Co——
1,000
Riter •& 'CO.—-^-4—-—
2,000
1. M. -fiimon & Co.—2,000
5,000
Haligar'teri &
-
Shai^s
•
1,000
2,500
1,000
.
2287
FINANCIAL CHRONICLE
THE COMMERCIAL &
Vojunie 163 > Number; 4485
ryrpr
"—■
..
1
■'l
19.45
'Gross
■
^lesr less discounts, returns,
(sales to unconsolidated
etc;
;
Total
Cost
goods
Gross
Other
11,054,033
$2,001,855
541,482
$2,112,573
$2,543,338
$3,384,312
18,398
1,804
1,502
329,198
income
Total
expense
normal tax
.Federal
309,405
305,90$
and surtax
•the
Federal
profits
excess
negotiation
pi\ 25 cents per Zshfuie.; pn '5% convertible preferred stock,pnd B., payable Jftuie I to. holders <jf record May 15."";:v/'**
"
'
and
tax
re¬
697,305
1,596,866
Net
sales
2,785
309,109
2,267
2,147
Net
profit
Other
534,768
422,575
$997,786
$1,055,313
159,686
corporate taxes
income
Net
■
- ■ ;
p
Prov.
for
69,730
«...
$997,786
784,434
Capitaliza¬
incorporated in 1924;
1942, when it ceased
Civilian production, the corporation manufactured a complete line of
radio receiving sets, such as home .radios, portable .radios, automobile
radios, and radios for aircraft and marine installation. During the
war
all
operations were on war production contracts \\ith various
tion—
by David Housman and, A. J. Housman. and was
the .date of incorporation up to May 31,
proposal to reduce the out¬
standing capital stock from 524,400 shares to 471,500 shares, par
$18.50 by the retirement and cancellation of 52,900 shares now held
?n the treasury.—V. 163, p. 305.
From
16 on a
stockholders will vote May
The
Agencies.' ^i .
■ •
,
■
manufactured by' the corporation were all in
the radio-electronics field, with the result that the corporation appears
to have no
major conversion problem.
The corporation is now in
'civilian production.
The peak of production of its postwar line of
radios may not be reached for some time due to delays in receiving
component parts from suppliers.
United States Governmental
Telegraph Co.—Earnings—
1946—Month—1945
1946—2 Mos.—1945
$17,941,594 $18,933,054 $39,047,393 $38,765,585
56,100
60,303
127,171
117,231
American Telephone &
Period End. Feb. 28—
Operating revenues
Uncollectible cper. rev._
•
$17,885,494 $18,872,751
11,961,681 10,211,050
3,102,323
6,518,353
Operating revenues.,
Operating expenses
Operating taxes
The
Net
■
$2,821,490
$2,143,348
1,672,970
operating income
Net income
621,973
-
$38,920,222 $38,648,354
24,184,147 20,964,127
7,361,009 13,556,585
GIVING
CAPITALIZATION
OFFERING '
TO PRESENT
EFFECT
New
from
with
171,000 shs.
additional
12
proposal that this
A
•
and business,
General
Net
$190,498
income
operating
20,175
corporation acquire Sylvania Industrial Corp.'s
approved by the directors of both companies
?>'*»
taxes
$42,13b
profit
The
directors
share
per
Products, Inc.—20-Cent Dividend—
the
on
April 24 declared
on
stock,
common
holders of record May
a
quarterly dividend of 20 cents
par
no
payable June
value,
1 to
Ry.
oper.
1946—3 Mos.—1945
$3,644,969
' 2,021,111
$1,541,541
1,036,560
$3,834,977
2,591,248
$808,462
$1,243,729
210,435
587,883
519^801
3220.579
$723,928
$492,549
J9r36,758
Dr94,317
Drii, 152
$253,462
$183,821
$629,611
$448,397
149
expenses
$1,499,139
690,677
$504,981
revenues
oper.
Ry.
would call
Net
Ry.
3,664
7,076
10,938
oper.
ry.
accruals
tax
income
oper.
Rent
proposed merger would join two companies in related fields,
their products have not. been competitive. American Viscose
manufactures rayon yarn and staple fiber.
Sylvania Industrial .Corp.
traded over-the-counter, manufactures cellophane, self-sealing viscose
(bands for bottle' tops, cellulose casings for the packing industry, tex¬
tile sizes and finishes and plastic moulding compounds.—V. 163. p. 186.
fr.
rev.
Ry.
1946.
'
income
^s
o 00
(net)
1
The
Net
Net
96?
45,089
45,921
$208,522
$141,56.4
.
operating
of
'
$636,687
,/ 135,846
Nr I'-S ' V <?•*
$459,335
$509,841
$321,797
,
.
137,538
'
retroactive 'tO Jan.
increase
s
1946.—V,
(Paraguay)—Tenders
National Bank of
Y., will receive
p.
1883.
Atlantic Refining Co. (&
Subs.)—Earnings—
■*
Quarter End. March 31—
Net profit after charges & taxes—
Named per common share
—V. 163, p/1418/'
' * '
"
.
' v%.:0 '•«/.)»
;.
-«v-
.
1946
~
1945
$1,902,000 $2,706,602
" ;'Z$0.62
$0.96
Atlas "Imperial
/"-..f,
1944
$4,158,676
•.< $1.51
,
<,.
si.;,.,
'
Diesel Engine Cd. ^ '/Common StOck
Split-Up and New
Preferred Issue Approved—
April 19 approved"a 'pkm 'fo^ splitting tbe' com¬
mon
stock' two for one and issuing a new class of preferred Stock.
Under'ths'Plan the authorized common stock is. .changed from 500,000
^hareS of $5 par value to 1,000,000 shares of $2.50 par.
There are now
180,405 common shares outstanding which would be replaced by 360,816
tiew common shares."
>
,
^ .v ,
The new preferred stock, of which it is planned to issue
150,000
shares, would have a par value of $10 per share, with 300,000 shares
Thfe^tbckbolders
'
present
p. 1999. '' <>
•
At
the
on
only capitalization
'
is the common
48,652,847
7,415,428
46,457.959
25,054,013
'5,833,258
7,044,370
5,740,199
2/151,717
2,407,629
1,888,002
Total oth.
1,660,065
chgs.
27,668,577
58,475,904
55,390,331
32,454,277
Net
ry.
income—_
37,043,094
6,790,888
41,648,37,8
7,741,295
52,167,469
69,558,718
8,637,968
8,670,683
43,833,982
49,389,673
60,805,437
78,229,401
18,769,955
18,8.62,376
20,683,098
21,549,242
25,064,027
30,527,297
40,122,338
56,680,159
oper.
19,683,602
oper.
Other income
'
Gross income
...
Interest, rent for leased
roads & other charges
.
Net
profit
Cont.
Int.
Chgs.;
Secured
int.
charges
.
int.
Unsecur.
•
**
v..
" ~
5,139,308
4,023,318
5,589,541
.5,589,541
7,103,740
4,023,318
4,023,318
4,252,822
15,901,401
20,914,438
30,509,480
45,323,597
charges--
income
SHEET DEC. 31
BALANCE
Cash
incidental
to
a
mort¬
proposed refunding program—
Subs.)—Earnings-
__
$544,780
$1.25
.
1943
1944
1945
1946
$676,254
$1.55
profit
"After
charges and estimated Federal income
stoGk (par $20) .—V. 162, p. 2141.
stock.—V. 163,.
President, said in part:
Current assets at Dec. 31,
$639,062
$1.46
tOn
taxes,
$670,152
$1.53
437,524
■
-
White,
■"
1945, including $7,204,275 to
be paid into
sinking funds, on or before May 1, 1946, out of income for the
aggregated $132*452,995, a decrease under the previous year,
on a comparable basis,
of $489,935.
,
Current liabilities in the amount of $64,407,871 are, on a comparable
the
854,657,913
168,054,242
—
33,697,784
45,500,000
—
—
865,184,640
169,711,646
**38,324,115
net ry. oper. inc.
Temporary cash investments
33,000,000
1,912,051
*
1,879,878
17,176,638
27,991,571
Material* and supplies' -—
Interesi and dividends receivable—------—
Accrue,^ account.? receivable-—-—— *
16,854,589
10,854
20,736,233
72,895
accounts
gther current a sets
Unadjusted debits
8,101,219
6,072,857
165,386
4,966,411!
14,971,167
206,607
———
assets
eferred
6,338.661
frqm agents & con^vctors—
receivable—-
Net baL re.celv,
Miscellaneous
88,796
■W---—
Loans and bills receivable——
6,140,567
;
5,620,926
———
1,166,926,643 1,180,511,009
-—
*•.-•
2.56,295,348
256,295,348
58,863,137 •,'; 58,863,137
573,293,996
573,279,388
stock
Common
—1—
stock J
Preferred
-v-
obligations
Interest-bearing
Miscellaneous accounts payable—--*-—;——
unpaid 1——
—,
9,765,200
9,765,200
8,817,991
,14,744,465
6,409,720
7,958,078
18,194,903
2,974,727
4,342,990
Perpetual. leasehplds capitalized-—--—-----Ttnffic and car servic.e balances payable,-*-/.;
Audited accounts and wages payable——s
4,624,118
Interest matured
Contingent int. payable in
matured unpaid
Unmatured
interest
Unmatured
rents
accounts
accrued
9,162,625
accruea
accrued
payable
_^_4-
81,67s
2,927,645
42,588
—-—
5,344,528;
10,846,860
1,599,768
669,748
«v< 708,553
9,861,127
liabilities——.
Unadjusted credits
Deferred
Inter-co.
9,612,859
81,469
3,057,454
following year—
liabilities
current
Other
' 10,760,545
35,839,749
2,206,749
10,980,030
11,014,141
182,790,187
non-negotiable accounts
175,361,611
(net. bal.)
—
,1
1
'
Grand total
1944,
as
account
includes $7,204,275.27
1,166,926,643 1,180,511,009
fund in accordance with
modified.—V. 163, p. 21,51.
(John) Bertram & Sobs
which is to be paid into
the
Adjustment Plan dated Sept. 20,
—Split-Up Ratified—
Co.,
April 24 approved two by-laws which will change
the capital set-up of the company to 48,000 class A par shares and
336,000 shares, class B no par shares.
•**'**•? 1
*f
•One by-law reduces the capital by $300,000 through cancellation of
the present preferred shares which have been redeemed.
_ 4-:
The other by-law provided for a split of the present 60,000 common
shares of $5 par into 48,000 class A shares and 240,000 class B shares.
An additional 96,000 class" B shares of no par value were also author¬
ized.
The class A shares will carry a. $1 'fixe.d preferential cumulative
annual dividend accruing from May 15, 1946,
•• 4
Z
The basis of exchange for the new shares will be 4/5ths of one class
A" share and four class B shares for each common share of $5 par held,
—V. 160, P
322.
'
*■"
The stockholders on
•
.
year 1945,
basis,
$23,767,064
less
than
for
1944.
The
reduction in tax liability
alone amounted to $24,992,88$.
•
1944
1945*'
ASSETS-
•Net prop, invest, as rel. to
Total
other investments
ADJUSTMENT
toward
the
.
•
FLAN—During 1945. considerable progress was made
of
the
companl's adjustment plan.
On
Best Foods,
12, the Interstate Commerce Commission issued its report and
6rder "authooriZing the -issuance "bf new securities As proposed ' 'in the.
plan. Thereafter, the plan was submitted to the affected creditors for
their vote and, on July 2, the company filed its petition to the Court-
"and confirmation of the plan under Chapter XV ,of the.
Following a hearing, held on July 10 and 11, the
an order
approving the petition as properly filed and.
set Sept.
17 for hearing on the merits?-; Fallowing that hearing the
Court, on Nov. 20, filed its opinion and on March 13, 1948, entered its
decree approving and confirming the plan and authorizing and direct¬
ing.-the execution of the necessary instruments to put the plan into
fur. approval
Bankruptcy Act.
entered
^ ^ ^ • &,-• <
effect.
credit position since the
plan was announced in September,-1944,-has been evidenced by substaiitial^increases.in. thje markejt pricey of its securities. For fxample,
the company's'first mortgage 4%
bonds were selling then at approxi¬
mately 88.
By pec. 17, 1944, those bonds were selling at par, and'
rCcently/ and for sometime past. haye heen quotetd at .'around 105.
During the sgme peri.od, jthe market price, oi the company's .refunding.
5% \bonds bas moved upwcrd inore or less coptihubusly fr.om approxi¬
mately 50 to over 90.
The improvement in market prices of the out¬
A
marked- improvement
in the company's
standing bonds affected by the plan between the
me.h.
Properties, Etc.—
consummation
Bethlehem Steel
March
Court
Inc.—Sells Certain
reports that the sale of certain properties of Standard
Milling Co., a subsidiary, has been completed/and that the name of
this subsidiary has been changed to Bestrit, Inc. The purchasing comi>any assumed the game Standard Milling-Co. See V. 163, P* 401.^ |
The company
date of its announce-
,an.d Dec.. 31* 1945, amounted to $127,304,652.
The restoration of
Corp.—Earnings—
?
•
/
>
results of the businesses and operations of Beth¬
lehem Steel Corp. and. its subsidiary companies for the first quarter
of 1946/ comoaring wjjtlj tli.e fourth / quarter * of 1945 japd the first,
quarter of 194$, follows,;,
*"It!V-U'("■
The
report of the
Quarters Ended—
i
Net
—'
billings
Total
income
Interest and other charges^—----toss;; onlaie or 41siqun,t3^hieui pi
,
fixed assets
fPrpyision for deplet. and deprec.iPrqv.. fty:/tuxei,<b.asjed <on incom.e>—
.
Mar. 31,'46 Dec. .31/45 Mar. $ -.45
31,
$
/
$ ",r142,119,602 224,681,651 382,261,664
IP,352,118^ 27.102,346^39,587,760
791,902 4*683,195"j 1,137,47&
.;**'* ^
i,
/
;
4,755,695
S.ee.Note
l,559,v34';- ■• .8:;y—
* 19,874,372
4,630,000 ; -20,880,900
> $4,582,259
4,6.04,438 li,447,858
7,695,90S1
torn?, p.er. .cpjm.-Sbar,e--_---'—'
61.Q6
$3.29. ,^2.03
*Oth£r than depreciation-on certain' equipment provided foy through
charge to operating expense,
iliicluding amortization of emergency
facilities
•
•••'•"•'
-i; •.•'*.*'•
/ NOTSr-rtn the first quarter of 1946 extraordinary cost? were incurred
a? the resultof strikes,,w.hi.ch. were charged to income for that •quarter.
Net
income
for the period———
-
•
2-9570. Herbert D. Seibert, Editor and Publisher;"
advertising issue) with a statistical Issue on Monday]. Other *
Copyright 1946 by William B. Dana Company. Reentered
and Possessions, $26.00 per year; in Dominion o.. ...
Spain), Asia, Australia and Africa, $31.00 per
in New York funda
',
Commercial and Financial Chronicle (Reg. U. S. Patent Office) William B. Dana Company, Publishers, 25 Park Place, New York 8 N Y., REctor
; William Dana Seibert, President; William D. Riggs, Business Manager,
Published twice a week [every Thursday-(general news and
offices; 135 S. LA Salle St.,-Chicago 3, HI. (Telephone:.State 0613); 1 Drapers'..Gardens, London, E. C„ England, c/o Edwards & Smith.!
i s as second-class matter February 25, 1942, at the post office at New York, N. Y., under the Act of March 3, 1879. ' Subscriptions in I United .States
Canada, $27.50 per year; South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe .(except
fffpTBT: Gn-accpunt -of .the fluctuations in the -rates of exchange, yepafttances forsforelgn •aub&criptlons and advertisements must be made
The
64,711,672 100,124,282 107,557,799 102,012,995
(net debit)
Jt. iac. rents
sinking
Baltimore & Ohio RR.—Annual Report—Roy B.
N.
163,
296,661,547 287,068,754 250,584,353 204,241,199
Other Oper. Chgs.:
tax accrualsEquip. rents (net debit)
and payroll
1
shares common
the City of New York, 11 Broad St.,
bids for the sale to it of 8% gold
^debentures to an amount sufficient, to exhaust the sum of- $13,521
.•at prices not to' exceed the principal amount of the debentures offered
•without accrued interest. The offers will be officially opened May 22,
Chase
-7,303,597
oper.
ry.
Railway
1718."
tEarnings per share
subscribe to new shares would be issued to stockholders. The pro¬
ceeds would be used for additional working capital and for expansion.
Present capitalization consists of 300,000 shares of no-par common,
©f which 297,255 shares were outstanding Dec. 31, 1945.—V. 162, p. 2635
York,
8,749,799
'
"Cash
3 Mos. End. Mar. 31—
to
The
2,870,474
9,188,000
'
Beech-Nut Packing Co. (&
the proceeds would go to
a
New
5,509,728
3,408,607
exps-
Oper.
from
rev.
•
Increase in Stock—
Asuncion Port Concession Corp.
98,045,159
4,008,525
__.j„T
wage
the. property
on
V. 163, p.
special meeting of stockholders has been called for July 16 to vote
proposed increase in capital by 300,000 shares of common stock.
thfexstockholders approve the proposed increase it is planned, to
©fM- the laew stock to present holders on the basis of a half-share of
xiewNst ock "for each share now held at $10 a share. Assignable rights
;
Total l-y.
Net
Corporate surplus
lb
t*
f
in
$187,485
$253,611
.The stockholders at their annual meeting voted to create a new
:
gage
A
,
129,067,475
4,257,241
9,466,174
Accrued
fixed
for
account
on
*Net
<©n
27,921,773
62,590,467
Dividends
New Mortgage Approved—
with SEC
corporation has filed a statement with the SEC covering 40,000
($5 par) common stock which is outstanding and would be
.sold fpr the account of five; stockholders.
The underwriters would
The G. H. Walker & Co., and Edward B. Jones & Co.
The public
Artloom Corp.—Plans
1,131,309
thereon.
tax
Shares
©ffering price would be .filed by amendment,
the selling stockholders.—V. 162, p. 2635.
*
General
Taxes
income—-
Included
The
■
avail,
income
(net)
charges
Fixed 'charges—
of
Arkansas-Missouri Power Corp.—Registers
income
Inc.
the electric properties of this company for the
"Week ended April 20,
1946, totaled 73,970,000 kwh., a decrease of
18.2%
under the output of 89,069,000 kwh. for the corresponding
Week of 1945.—V. 163; p. 2150.
"
*
output
oper.
ry.
Other
Electric Co., Inc.—Output—
American Water Works &
Power
$1,623,858
,*
1
although
•
operations.^
LIABILITIES—
1946—Month—1945
Period End. Mar. 31—,
will be issued.
would be subject to approval by two-thirds
Industrial Corp.'s stockholders at a special meeting. It
for auproval by a majority of American Viscose com*
anon
stockholders of an increase in authorized common stock suffi¬
cient to provide the shares necessary for the transaction.
It is pro*
posed that the acquisition be -completed within six months from April
:22.
46,206,421
70,756,830
6,000,423
6,086,976
130,965,610 115,462,272
'
6,499,302
Grand total
RR.—Earnings^-
®f the Sylvania
:also
,__•_
58,408,763
78,410,881
52,988,212
94,383,142
'
See offering in V. 163, p. 2151.
15.
Bangor & Aroostook
declared prior to the
Viscose common shares
327,411 American
The proposed acquisition
of
for
Avon Allied
Visr
out¬
dividend
dividend
effective date of the transaction. A
be
$210,673
16.8,539
income
Net
Reserve
,
total
5,728,677
(special' deposits.
separate meetings on April . 22.
•
,
.
It is proposed to issue three-quarters of a share of American
■cose
common
stock fo reach share of Sylvania common stock
standing after the declaration by Sylvania of a 5% stock
©n the 415,760 shares now outstanding.
It is understood this
anay
8,150,177
GENERAL
350.7-'6
20,596
expenses
income
Other
was
•
Miscell.
2,441 024
administrative
and
Other deductions
Corp.—Proposed Merger, Etc.—
in
9,222,256
361,373,218 387,193,036 358,142,152 306,254,193
struct.
equipment—J
Transportation
$3,002,864
Net
.-Assets
revs-
cf
1945
30,
Cost of goods sold
York.
Sweden
American Viscose
9,216,472
revenues-
oper.
of way &
Traffic
Net
ENDED SEPT.
MONTHS
•
'
3,102,180
Railway Oper. Exps.:
working capital.
Sales
will be established over a shortwave radio¬
telephone circuit between New York and Oslo, and. land wires from
the Norwegian capital into Sweden.
The company's long lines department operates the radio stations on
this side of the Atlantic and on the other side they are operated by
the Norwegian Department of Telecommunications.—V. 163, p. 2150.
Contact
Outstanding
200,000 shs.
par)
STATEMENT
INCOME
suspend¬
.
($1
PURPOSE—Providing
Telephone service between the United States and Sweden,
ed since December, 1941, was resumed on April 25.
The rate for a
three minute call between any two points in the two countries has
Ibeen reduced to $12.
This is less than half-the prewar figure for a
1
call
stock
Common
1,300,638
5,236,224
Resumed—
Service to Sweden
:
$4,127,642
$7,375,066
3,631,401
2,429,459
3,602,734
2,877,259 ■;
products
war
Authorized
"
3,904.816 .¥
3,092,129
4,126,768
3,797,010
Maint.
COMPANY—Organized in Massachusetts Oct. 11, 1924.
Plant and
principal executive offices, 122 Brookline Avenue, Boston, Mass.
Cor¬
poration occupies a modern, three-story brick building at the above
address which contains up-to-date and well-equipped. offices, and a
factory.
'
The business cf the corporation. was originally established in 1920
$1,055,313
784,434
Corp.—To Reduce
American Safety Razor
•
$0.71
.
Inc.—Stock Offeredr—CarBoston, offered in March 52,000 shares of
(pair $l) at $5.75 per ,sharef-
ver
•
■
.'
'
.
3,833,081
3,283.892
'3,77.0,549
Express
Other transport' rey.-^'
ry.
$
,
;
784,434
p.: 1854.
•
& Gov Inc.,
common stock
$995,410
income
Net
;
—V, 163,
163, p. 1418.
,
Passenger
Total
6,246.47
6,148.78
$'
M'-*
293*496,099 315,418,567 299,636,856 264,566,740
48,215,829 51,308,473 39,755,440 26,795,735
Railway Oper. Revs.:
Freight:
Miscellaneous
1 1942
1943
$
.J
354,438
485,232
Automatic Radio Mfg. Co*
;
Dividends
per
—
1944
"
6,143.75
194S
6,131.90
--
521,159
491,402
$1.01
./ "
,
Maint.
—V.
$1,214,999
r/. 159,686
$1,067,516
$995,410
adjustments
adjustments
postwar
Earned
-f.
.-'v..
..
before
income
Net
provision for taxes——
outstanding
.common share
after
Common, shares
'
;
YEARS ENDED DEC. 31
INCOME ACCOUNT,
1
Mail
1946
' 1945 '
$.8,712,660 $14,592,716
"
69,730
Postwar refund of excess profits-tax
.
; '
'
'
457,669
refund
taxes
series; A
ENDED MARCH 31
RESULTS FOR THREE MONTHS
$995,410
net
income
V Barring unforeseen events, the company hopes to be able to announce
|n: its .next 'annual report that the plan, has been fully consummated,
•
oh April )25 declared the regular quarterly dividends
directors,
.
Other
credit position, as indicated in the market prices of its
bonds, has beep reflected lu the Quoted market prices* of the company's
preferred and common stocks, both of which have shown substantial
Increases since the plan was announced.
1
.
Avge. miles operated
Pa.—Dividends-^Earfiirigs—
Autocar Co., Ardmore,
$2,861,748
522,563
$1,494,918
-
income
Interest
product,^"Brevoti/'r ah air-tight, plastic covering that protects ma¬
chines, equipment and other products which must endure long periods
exposure. .. Brevon; originally designed to protect Army and Navy
material in all types ;-of weather and during shipment, covers the sur¬
faces with a .tough, non-inflammable, anti-corrosion film that seals
in the equipment, and seals out the elements.—V. 163;; p. 2000..
r * .
12,26.7,301
617,654
profit
the development of a hew
•of
$1.5,129,04
9,664,052
expenses
excluding taxes—
,.*
i
and
sold
The company's Zapoh Dlvisicn announces
,v?
$930;4i|
-
11,500,079,
$12,548,952 $11,65$,907
————
of
4943..
$725456 3.
10,949,350
14,19$,633
$1,048,872
sub.)
(Qther)———i_
/Sales And ^oyAltles.
)s
..!/j
the company's
Atlas Powder Co.—New Development-
CALENDAR YEARS'
CONSOLIDATED INCOME STATEMENT FOR
,
m
'M
;. ri&sj?'
Ort
account of such
costs, an amount, of $11,000,000 was transferred
income for such quarter from the
contingent reserve, which had
been set up out of incomeMn
prior years.
If that transfer had not
been made, the income account tor such
quarter would have shown a
loss.Inasmuch as such
extraordinray costs are deductible in the
computation of taxes based on income for "the
year 1946, whereas the
amount, so transferred from ■ the;
contingent reserve is not includible as
income in such
computation, a provision for such taxes was not; re¬
quired for the first quarter of 1946. •
J
"
and
lo
•
1946
Net profit
Earn,
per
—V.
i
:
;
$266,634
$275,184
$199,255
$1.05
$1.09
$0.75
ment
the
Court
which
in
Net
Can.
163,
-
\
$100
aside
out
of
net
in
,
share
The
At
proceeds (estimated at $20,035,875)
will be avail¬
provide in whole or in part for the
modernization, expansion,
acquisition and construction of
manufacturing facilities and plants,
which it is expected will
provide opportunity for lower
costs, increase
the capacity for
production of existing products, provide facilities for
the manufacture of new
products and
improve workhjg conditions.
CAPITALIZATION GIVING EFFECT TO PRESENT
Authorized
Preferred shares
(par $100)
cumulative pfd. shares
(par
125,184
in
the
treasury
and
excludes
outstanding
Agents—Continental Illinois National Bank & Trust
Co. of
Chicago and City Bank Farmers Trust
Co., New York.
Registrars—
City National Bank & Trust Co. of
Chicago and Guaranty Trust Co.,
York.
'i'
^
UNDERWRITERS—The underwriters
chase
from
their
the
the
company
respective
number
have
of
severally
shares
set
agreed
forth
to
,
below
names:
pur¬
oppo¬
•
4
if-"'
•
Paul
:
'
-•
<•"
NO. Of
Davis
&
Co
A
X;;,,
if
C.
Allyn & Co., Inc.
Ames, Emerich & Co., Inc.Bacon, Whipple & Co
Baker, Weeks & Harden
A.
G.
Becker
William
&
Blair
Co.,
&
Co.—
Inc._
Blyth
& Co., Inc
Central Republic
,
f
Shares
14,000
14,000
14,000
Glore, Forgan & Co
Union Securities
Corp
E. M. Adams & Co.
r
Co., Inc.-
W.
Loewi
3,000
The
Illinois
-
Co
Kalman,&«Cp.,Ino.-,___-_
2,750
3,000
HISTORY &
The
j-
for the
Milwaukee
2,000
Co—
:
5,000
2,000
Piper,
—
,3,000
,
Jaffray
&
Hopwood
R. W. Pressprich & Co.—
Reinholdt it Gardner
Riter
it
I.
Simon
M.
Co.
-
&
Co.—
Smith, Barney & Co.
Smith, Moore it Co
5,000
1,000
3,000
1,000
Stein Bros,
5,000
Tucker, Anthony is Co.
it Boyce
Stone & Webster Sees.
2,000
1,000
G.
H.
The
Wisconsin
Dean
2,000
Corp.
5,000
3,000
1,000
2,750
-
Walker & Co—
Watling, Lerchen
Witter
&
& Co
Co.__-_w—
2,000
Co
2,750
was organized in
Illinois.
It was
the
1934
com-»
com-
•The general character of
■,
the company's business
is the manufacture
,
*
,
for
April
on
23
*Of
amendment
an
$25,000,000.
shares
of
It
directors
also
W.
to
Steinkraus
succeed
Treasurer,
reelected
In
first
a
also
was
tions
in
to
since
the
the
has
been
late
been
elected
William
named
voted
when
issue
if
new
Webster,
the
director.
Mr.
stockholders, Mr. Steinkraus
July, 1945, we can look forward
future."—V. 162, p. 2266.
Net
Divs.
on
1946
1945
William
Steinkraus
1908.
the
13,133
$47,628
&
investments
of
BALANCE
i
ASSETS—Cash
at
cost,
in
SHEET,
banks,
$5,212,584;
receivable
receivable, etc., $15,640;
283; total, $5,424,318.
MARCH 31,
$127,718;
special
$9,634; capital Stock ($5 par),
$5,424,318.—V. 163, p. 1419.
for
reserves
$1,072,915;
common
for
unsettled
$4,273,397;
conditions
and
combination
a
of
Lee
of
orders
its
on
books,
strike resulted in
directors
felt
again under
the
loss
a
that
no
company
and
way
pointed
out
a
should
be
that
good
the
taken
at
this
p.
W.
per
share
for
first
five
years
and
taking the preferred at $100 per share.
The
Chase
National
pointed registrar.
Bank
of
the
at
*
$55
of
a
info
goods
per
Total
more
than
ral profitable textile concerns
in, several —
mately $5,000,000.—V. 163, p. 2001.
at
Sells
Debentures
to
~
payable
April,
and
be
Shares
5,000
5,000
-Years Ended
Sept. 301945
1944
1943
1,800
2,308,692
329,771
1,800
$97,064
$622,151
$491,034
8,616
$344,671
12,814
2,891
5,421
$105,680
$634,965
18,000
14,500
$493,925
19,211
36,000
473,500
345,416
$350,092
15,60ft
260,687
$51,680
$146,965
$129,296
income
6,000
discounts
and
provision
and
$2,984,941
Irving Trust
6,000
$43,422
6,000
refund
amounting
6,000
for
$788,600 in
renegotiation
1944.—V.
163, p.
1857.
Buildings Co.—Tenders—
Co.,
it
and
engineering
(other
tjian
1946
expenses
Fed,-taxes
oh
PrbYl?ipn for, depreciation-*Provision
for
Federal taxes
on
charged
1945
$3,691,568
1,536,533
to
income)-
income
;
.
s
Cr0s$,.prof!t
no a
.
—a
.ti.nma*—,
157,128
267,251
356,924
it!
JlO
-H).
401,791
T1
Crl04,64&"
IxlilOfh«
i$M,)Sratlng.
Cr35,291
73,193'"
tax
•
isomer,
-.firi
ujrni v;
■
MM
—-—
$1,
——-Net; -income
Dividends on preferred
Hi,
$536,030
187,653
$5l2,17S
$348,377
stock-*--—
Balance ——
—V. 163, p.
Oct.
Canada Northern Power
Corp.,
the
of¬
Con-
-
12 Months End. Feb.—
| Gross" earnings '
,
-
>.
$1,494.
:.' .23.
$303,672
208,502
arranged
now
*
r \
Cr45,334
200,132
271,982''
375,744
—
Rpfupd receivable^ op,] j.944 excess profits
008B Win 1945
i.ifti!
May 14, and;
May 16, 1946
$3,990,251
1,724,535
*
construction
Taxes
on
on
Co.—Earnings—
Maintenance
^recent months
July
to
Common
1,800
Operating revenues
Operating and administration
substantial stock interest
aggregate 'cost of apprb&cir
stocks
stock
$5,123,179
4,221,161
409,177
California Water Service
^
January,
common
interest.
,
is entitled to cumulative
dividends of 4 y2%
quarterly
underwriters, and the
and
.
share thereafter,
has
an
follows:
Notice of acceptance or
rejection will be mailed
accepted bonds must be delivered to the
trustee
—V. 162, p. 2388.
a
common
to
are
purchase
the close of business
of first
mortgage
General
Privately—Company
to
trustee, One Wall St., New York, N.
Y., will
on May 13,
1946, receive bids for the sale
50-year sinking fund gold bonds due
April 1,
1960, to an amount sufficient to exhaust the
sum of
$317,023, at prices
not to exceed 105 and
until
at$50
University, contemporaneously with
The prior preferred stock
annum,
several
stock
as
•
an
warrants
$10
577,948
12 Months Ended March 31—
fered, $300,000 4% sinking fund
debentures, due April 1,
■cr.M
1958.
per
the
are
2001.;
issuance of the preferred and
Such
thereof
at
750
(net)
$337,000 in 1943
The
Bush Manufacturing
Co., West Hartford,
Conn.—
Stocks Offered-The Lee Higginson
Corp. on April 24
offered 20,000 shares of 4V2%
cumulative; Convertible
($25 par) prior preferred stock, at $25 and dividend
and 10,000 shares of common stock
(par $5) at $10 per
share.
to sell to Yale
stock.
$5,700,940
4,499,041
income
*After
to
>
.
company
30,375
Net
City of New York has been ap¬
or
the
221,951
Preferred dividends
.
acquired the assets of,
of
service
$10,200,000,
the company has
books
time.
,
in
parts for
10,000
Excess profits tax (net)
Approp. to res. for guar.
the
share for
<
of
10,000
Operating profit
weeks'
the sale of the second
Connecticut
sale
$1,458,740
1,138,974
sold
Non-operating inc.
preferred, which will amount
will be added initially to the
company's
general- funds and will be used, among other
purposes, to finance ;addit
tions and improvements to the
company's plants and equipment, and
for future acquisitions of textile
businesses.
During
to
the
Co
& adm. exps_
Prov. for bad debts_*_„
backlog of
common
in
and
Shares
&
gen.
^
,
Proceeds from
on
1651.
preferred will, bp convertible
the
of
preferred
Feb. 28,'46
of
Sell.,
.
second
incorp.
Corp.
Scranton
Bush Terminal
new-
names
prior
5 Mos. End.
Burlington Mills Corp. — Preferred Stock Offered—
Kidder, Peabody & Co. and associates on April 25 offered
to the public 24,433 shares of
3^2% convertible second
preferred stock ($100 par).
The stock, priced at $104
The
was
manufacture
orders
respectively,
etc.,
and
stock,
has agreed to sell to each of
the underwrit¬
share, warrants evidencing
rights to purchase
-
each share of common held.
or
COMPARATIVE INCOME STATEMENT
company also pointed out that a, dividend of 25 cents
was paid
on the common stock in
February. Such action was not taken in pre¬
vious years the
company stated.
The directors,
however, declared the regular quarterly dividend of
$1.50 per share on the
6% preferred stock, payable May 1 to
holders
of record April 23.—V.
161,
of
total,
particular
The
the
circum¬
seven
year
warrants.
common
unfilled
Normal and surtax
with
during the first quarter of this
action
shares
by them,
Higginson
Chas.
including a strike that tied up operations and the
fact that;
payment of 25 cents a share was made
earlier in the year, the
directors have decided to take no
action on the common dividend
at
this time.
In 1945, three
payments of 25 cents each were made in
May, August and November.
are
prior prer
of
per share at any
before Dec. 31, 1949, and
at $12.50 per share at
any time
and on or before
Dec. 31, 1952.
stock
taxes,
of the
exercise
Preferred
a
operations
warrant
•-Sales
stances
While
1946,
UNDERWRITERS—The
Buckeye Steel Castings C0.-7-N0 Common
Dividendpresent
l,
per
or
Cost
to
on
stocks,
capital
expenses,
surplus,
on
purchased
in
due
100
thereafter
securities sold,
$1,093; dividends
deposits for dividends (contra), $67,-
$67,283;
at
number
1946
investments
action
aggregate of 7,500 shares of
common
time
1945.
for
LIABILITIES—Dividends payable,
repurchased for retirement,
$1,089;
March
March
31,
for
so
transferable and will entitle the
holders
aggregate of 15,000 shares of
common stock
$209,005.
on
reserved
are
requires that,
follows:
ers,
51,083
of
reserved -for conversion
are
shares
BUSINESS—Company
of
-an
$48,882
57,373
sales
15,000
Company is engaged in
refrigeration, air
as
be
54,478
on
15,000 shs.
WARRANTS—Company
$62,015
12,207
NOTES—(1) The unrealized appreciation of
investments
1946, was $4,500,419, or $789,878 more than on Dec.
6,000 shs.
70,000 ShS.
stock
As
1943
$59,836
31,
20,000 shs.
6,000 shs.
Condensers, $645,052; Unit Coolers,
$1,102,983; Evaporators and Mis¬
cellaneous, $448,265; total, $2,196,300.
$56,378
profit
$300,000
20,000 shs.
conditioning and related fields.
Its
principal products are
condensers, unit coolers, evaporators and mis¬
cellaneous items,
including air conditioning coils, ice Cube
heat exchangers.
makers, and
opera¬
64,423
net
Outstanding
$300,000
*125,000 Shs.
commercial
was
"For
profitable
11,785
FINANCING
the company declared and
paid to the
stock a dividend
payable in 57,500 shares of
($5 par).
This
recapitalization, in effect, resulted in a.
split-up of the 1,250
outstanding shares of common stock ($10
into 60,000 shares of
par),
common stock
($5 par).
R.
*$58,571
^Before allowing for
PRESENT
Authorized
($5 par).
Subsequent thereto,
holders of its common
is
1944
$68,164
12,364
capital stock—
TO
par)
there
common
-Earnings—
$70,936
income
GIVING EFFECT
^
warrants
and
were
Broad Street Investing
Corp,-
finance the
about April 8,
1946,
were authorized
the 20,000 shares of
4'/2tt cumulative con¬
prior preferred stock now
offered, (b) the then outstanding
1,500 shares of
4%-5% non-cumulative preferred
stock were reclassi¬
fied and
changed into 6,000 shares of 5%
non-cumulative preferred
stock, and (c) there were authorized
125,000 shares of common stock
($5 par) and the
then outstanding
1,250 shares of common stock ($10
par) were
reclassified and changed into 2,500 shares of
of
declared:
to
near
Quar. End. March 31—
Total income
Deductions
purposes.
NOTE—By appropriate corporate
(a)
capital
board
the
and
approxi¬
sinking fund
to
vertible
an' addi¬
capital
($5
indenture
HISTORY
of
used
long as any of the debentures is
outstanding, the company retire without
premium not less than $30,000
or more than
$60,000 principal amount each
year through the
sinking
fund, commencing April
l, 1949.
Debentures are also redeemable other
than through the
sinking fund after April 1, 1948 at their
principal
amount plus a
premium of 2 Va % on or before
April 1, 1950 and there¬
after at
declining premiums, as provided in the
indenture.
author¬
issue
to
and
Chairman
R.
a
to
President.
report
time
has
charter,
stock
tThe
through
the stockholders
its
to
stock
common
corporate
which 40,000 shares
ferred
Exposition
ran
stock
purchase
7,841,358
Heat
and
approximately
with
49
be
general
cumulative
convertible
prior pre¬
ferred stock ($25
par)
non-cumulative
preferred
stock
($25 par)
Stock
7,994,625
the Oil
the
the
*
3,000
—
Yarnall & Co
of
3,000
1,000
1,000
1,000
Pesco Products
Co.).
Since
most of these
acquired companies have been
liquidated into the
pany and have since been operated as
separate divisions of
,
exceed
450,000
Breetz;
1,000
appliances field
in¬
cluding principally Galesburg
Coulter-Disc Co. (forming the
basis for
what is now the Ingersoll Steel
Division of the
company), Long Manu¬
facturing Co., Norge Corp., Detroit Gear &
Machine Co., Morse Chain
Co., Rockford Drilling Machine
Co., Calumet Steel Co., and
Pump Engi¬
neering Service Corp. (now known as
.
Pa.,
with
to
together
of
5%
7,841,358
subscription at the rate of three-fiftieths
2,000
Webber, Jackson it
Curtis
-
,
7,994,625
Pacific Northwest Co.—
acquiring four automotive parts
companies, The Borg & Beck Co., Marvel
Carburetor Co., Warner Gear
Co. and Mechanics
Universal Joint Co,
,.Since 1928 the company has
acquired several other
companies in the
automotive parts, steel
products and household
mu'
connection
meeting held April 22,
by
amount
sale
.——
320,601
2151.
annual
will
proceeds,
the
4'/2%
645,636
Philadelphia,
p.
by
CAPITALIZATION
8,161,959
per share, plus dividends from April
23, represents the
unsubscribed portion of a new issue of
100,000 shares
which was first offered to common
stockholders for
Paine,
3,000
purpose
3,000
5,000
2,000
F.
BUSINESS—Company
1928
8,316,507
8,962,144
3,738,777
in
from
1958
8,821,532
826,906
Morgan Stanley it Co—— 10,000
S. Moseley St Co—
3,000
Maynard H. Murch & Co.2,750
Newhard, Cook & Co.—-—
I.OOO
3,000
5,000
3,000
Kebbon, McCOrtriick & Co._
2,000
Kuhn, Loeb!&<Co.^i„—_ 10,000
Laird, Bissell &: Meeds—
1,000
organized in
—
Co.—
—
—
HiUiard & Son
Hornblower & Weeks-
&
Merrill Lynch,
Pierce, Fenner it Beane
1,000
1,000
Read is Co., Inc.— 10,000
Farwell, Chapman & Co.—
1,000
The First Cleveland
Corp.1,000
First of Michigan
Corp.— 2,000
Goldman, Sachs & Co.
5,000
Gopdbody & Co.—
.1,000
Hafriman Ripley &
Co., Inc.' 5,000
B.
3,000
McDonald & Co.—
billon,
J.
Langley & Co._
-
1,000
3,000
1,000
Collins & Co,——
Bempsey & Co.—
-1—
Harris, Hall..& tCp., .(Inc.)
Hemphill, Noyes & Co.—_
C.
Lee Higginson Corp.
Lehman Brothers
Julien
J;
8,658,479
341,972
—
owners
derived
sinking fund debentures, due April
1,
contingencies—
home
be
60,527
.
No. of
Shares
•
H.
85,062
"chimneyless" furnace, which also filters and
humidifies
air, is being made available to
heating contractors for dis¬
not io
Due
value.
par
Transfer
site
88,526
'
•
--
available
and
income——*
80th
Herman
Outstanding
200,000 shs.
3,000,000 shs. *2,461,920 shs.
$5)_
shares
to
the
tional
250,000 shs.
scrip certificates aggregating $603.80
New
transfer
the company,
stock
FINANCING,
of
30,521
needed.
to make
to
shares
(net)
15,000 warrants
intended that these
to
(estimated
—New Chairman and Director
Elected—
before
application to list the preferred
the-New York Stock Exchange.
Concludes
37,644
and
is
company of a new plant,
presently estimated to
$650,000, including moving expenses.
Balance of the proceeds
$194,500), will be added to working capital and will
cost
case.
or
PURPOSE—Net
Common
40,867
It
construction
Bridgeport Brass Co.—New Common Stock
Authorized
if
LISTING—Company intends
3.%%.
tax
for
opened in
April 27.—V. 163,
or prior
to
1, 1952, $104 per
on
or prior
to April 1, 1954, $103.50
per share if redeemed thereafter and on or
prior to April -1, 1956, and $103 per share if redeemed
thereafter, plus
accrued and unpaid dividends in each
case.
able
1,129,692
4,087,501
1,578
12,373,072
-
contingencies
which
Company will be
April 1 of each
sinking fund for the retirement
on
new
tribution
redeemed thereafter and on
share if redeemed thereafter and
per
April
on
profits
before
the heated
(a) a sum equal to 5% of
the amount by which the consolidated net
income of the company and
subsidiaries for the preceding fiscal
year exceeded the aggregate
dividend requirements for such
period on such shares, or (b) $400,000,
whichever is smaller; the
redemption price for shares redeemed out of
the sinking fund being $105
per share if redeemed on or prior to
April
shares
15,425,505
4,165,893
50,520
18,217,595
-
The, corporation's
Norge-Heat Division on April 23 introduced to the
general heating trade a new
vacuum-draft oil-burning furnace which
eliminates the need for the standard
chimney as a draft-creating de¬
vice.
its
.
1,332,913
4,122,409
New Furnace Introduced—
1947, as. a
preferred shares
1950, $104.50
25,844,853
3,738,772
3,738,762
charges $4,452,667, included in cost of
sales, incident to recon¬
from war basis, less
portion thereof $3,807,031 equal to tax
reduction attributable thereto.
or
on
each
income
year, commencing April 1,
of the 3Va% cumulative
1,
32,711,162
each
Trust
debentures, together aggregating
$844,500, will be
*For
ized
share, plus divs.
per
required to set
Income
-
issue of
share thereafter and
thereafter and on or
$546,500.
mately $298,000
version
April
prior to April 1, 1954,
at $104 per share
prior to April 1, 1956, and
thereafter at $103 per
share, plus divs. in each case; preferred over
the common shares in voluntary liquidation to the extent of the then
applicable redemption
price and in involuntary liquidation to
the
of
excess
Balance of
Entitled to dividends at the rate of
'3%% per annum per share,
cumulative from April 1, 1946, payable
quarterly, Jan., April, July and
1; redeemable (otherwise than out of the
sinking fund) as a whole
or in part on not less than
30 days' notice at $107 per share on or
prior
to April. 1, 1950, at $106
per share thereafter and on or prior to
per
stock
24,735,417
1,109,436
1,502,930
29,671,111
1,335,321
Dividends
2152.
our
31,208,232
per
cumu¬
Co.,
Hartford, Conn.
Bank and Trust
Co., Hartford, Conn.
PURPOSE—The net proceeds to be
received by the
company from
fhe sale of the 20,000 shares of prior
preferred stock, 10,000 shares of
common
Common
Oct.
extent
earnings
charges
Balance
*Tranfer to reserve for
conting
,
,
28,094,890
1,576,221
:
Agent—Hartford-Connecticut
then
$25
a
Registrar—Hartford National
<"
Further details follow:
1, 1952, at $105
profit—,
reconversion
a
p.
Transfer
the
before
July 1 thereafter.
expenses
—
Appropriation
Offered—MenApril 22 of the offering
jpy
a nation-wide
syndicate headed by Paul H. Davis & Co.
and including Glore, Forgan & Co. and Union Securities
Corp. of 200,000 shares of 3 ¥2 % ($100 par) cumulative
preferred stock at $103 per share and accrued dividends
from April 1, 1946.
The issue has been oversubscribed*
made in
was
admin,
New
will
Borg-Warner Corp.—Preferred Stock
tion
$
^
&
Canadian normal tax
,
execution.—V.
1943
$
accrued
dividends.
Entitled on voluntary
liquidation to
current redemption
price, and on involuntary liquidation to
share, plus accrued dividends; and entitled to the
benefit of
lative sinking fund on or
before July 1, 1949 and on or
31
1944
and
U. S.. normal and surtax
U. S. declared value
exc. profits tax
ec. prof,
tax, less post-war ref.
$1.02
tempting to control the action of Boston & Maine RR.
r This information was
given by H. J. Wells, a director of Old Colony
RR. (also a Vice-President Of the New Haven), at the annual
meeting
qn April 22 of stockholders of the Old Colony RR., at which Mr. Wells
was
the presiding
officer.:.^'; ••
While the Holding company matter was not
part of the Old Colony
meeting. Mr. Wells discussed the voting trust agreement when one of
the stockholders present refused to vote for directors
unless such di¬
rectors would vote in favor of dissolution of the
Holding company.
Mr, Wells stated that the
voting trust agreement is now in process
t
sales
gen.
operating
Other
will vote for the management of the Bos¬
period of 10 years.
This arrangement IS. der
signed-to eliminate any suggestion that the New Haven, which holds
controling stock interest in the Holding company, is in any way At¬
of
DEC.
Gross
$268,587
„
ENDED
1945
"
company
ton & Maine RR. for
plus
YEARS
U. S.
District
Trust
of
Other income
"
.agreement
an
The
f,
.
.
allowances— 227,250,947 243,674,197
182,925,119
189,440,611 203,067,122 150,160,440
9,692,166
9,099,042
7,798,283
Provision for doubtful accounts
23,279
299,800
230,977
Haven, Conn., has approved the
place the voting right of the stock:
of Boston it Maine RR. held
by Boston Railroad Holding Co. in the
hands of the Old Colony Trust Co.,
Boston, Mass. v Under this agree¬
of
days' notice at $27.50 per share
on or before
Aprli 1, 1951, at $27 thereafter and on
or before
April 1,
1953, at $26.50 thereafter and no or before
April 1, 1955, at $26
thereafter and on or before
April 1, 1957, at $25.50 thereafter
and on
or before
April l, 1959, and at $25 per share
thereafter, in each case
-
Cost
180,293
share—
The Federal
form
.
vertible at any time,
per share, into two shares of common
stock, .Re~
.deemable in. whole or in part on 30
.
Sales, less returns
1560.
p.
steels,
agricultural machinery, industrial
parts and equipment for the aviation
$
r.-h'
X
134,636
specialty
for
number of
non-operating subsidiaries.
.
T;-:-
'
59,658
200,587
household appliances,
and
a
.
■
$508,538
58,555
devices
CONSOLIDATED INCOME STATEMENT
"='■
Boston & Maine RR.—Voting Trust Formed—
f
v
1943
1944
$392,446
55,919
______—
com,
163,
1945
$531,691
161,104
—
parts,
products, parts
dition; the company has
(& Sub.)— -Earnings
$479,923
52,185
Depreciation reserve
PrdVi for Fed. inc. tax.
#
Co., Inc.
steel
company, has 26 plants.
Selling,
&
&
of- automotive
transmission
industry.
The business of the
company is operated through 17 divi¬
sions, five domestic subsidiaries and three
foreign subsidiaries.
In ad¬
Steel production (ingots and castings)
averaged approximately 49.7 /o
of capacity during the first
quarter of 1946 as compared With 83.1/»
curing the fourth quarter of 1945 and 98.3%
during; the first quarter
of 1945.—V.
163, p. 1418.
Quarters End. Mar. 31']■ •; Profit from
operations.
sale
fabricated
power
...
(SidnevV Blumenthal
ey)
:-.Ul;^^ybV..
Mondajr, AprH 29-,~i 946
.nwrSftc
Purdh.
power,
oper., maint. £ taxes
s Net earnings
163, p. 308.
—-V.
Ltd.—Earnings—
1946
L.
$1,836,277
534,404.
1945
1944
$3,643,139^-$4,190,934
.1,745,431
2,047,094
$1,301,873 -$1,897,707.
$2,143,841
Volume 163
Number
4485
V
■
■
_.
>
-imn
-tiMinr. ■■■.-.• :.vU '•
.•
rv.^w,
^'BUMMARy £ppR0 FORMA EARNINGS
v
.
^<5uariEnd. Mar. 31--'
Total
income
Deductions
i->
*Net
income
Preferred
19,815
-
$44,524
•
___
dividends
'
s
•Before profit on sale of securities (1946,
$55,293
17,467
.
v.'.
$37,826
32,550
5
$35,770
32,550
•
32,550
—
'
$57,733
17,963
$54,339
.
—
$124,150).
$33,499
32,550
,}
-
$50,625
17,126
:
.
Oct. 31, '45
$2,209,207
909,188
870,813
776,849
$1,969,971
295,340
686,238
136,847
121,528
127,019
m 108,947
169,029
Maintenance
$12,354,020
167,028
156,501
151,896
4,958
5,885
10,937
6,565
iii
——
:
398,666
'
than Fed.
other
Taxes,
for
uncoil,
Prov.
for
renewals,
re¬
193,100
191,735
190,621
181,683
$597,144
$598,365
$575,513
$539,302
4,243
4,355
4,780
placements
Operating income
BALANCE
SHEET,
1946
MARCH 31,
Other income
investment in U. S. Government
securities, at cost, $100,000; investments in other securities, at cost,
$5,044,149; receivable for securities sold, $1,530; dividends and interest
receivable, etc., $19,150; special deposits for dividends, $38,770; total,
$5,530,568.
ASSETS—Cash
in
banks,
payable,
$44,520;
3% debentures due Aug. 1,
i960, $1,150,000; $3 cumulative preferred stock, series A ($10 par),
$434,000; class A stock ($1 par), $143,405; class B stock (1 cent par),
$2,400; surplus, $3,654,355; total, $5,530,568.—V. 163, p. 897.
LIABILITIES—Interest
for
reserves
Gross
4,719
$601,863
income
income
Fed. exc. profs, tax
aivi.
83,394
67,199
19,288
$215,404
$213,829
43,200
43,200
43,200
$217,933
43,200
requires
——!
$174,929
.
ADJUSTED
CAPITALIZATION
sanction
GIVE
$174,733
EFFECT
TO
Higginson Corp. has been selected to head a group underwriting
of the 95,000 shares of common stock that were placed
registration with the Securities and Exchange Commission late last
month.
The shares are owned in equal amounts by Blyth & Co., Inc.,
1st
distribution
Corp.—V. 163, p. 1857.
each
For
mtge.
Feb.
3.6%
series
bonds,
1,
1974
stock
$10)
(par
$4,214,000
*
12,000 shs.
25,000 shs.
175,000 shs.
(par $10)
preferred stock, cumul.
Common
due
——
.
share
Period End. March 31—
1946—12 Mos.—1945
1946—Month—1945
$1,464,143 $18,753,015 $18,182,632
$1,498,280
____
t84,000shs.
direct taxes
495,850
510,658
7,499,730
6,968,534
229,197
334,044
170,172
158,059
125,000
3,372,013
1,877,580
3,786,696
Other
1,500,000
1,500,000
.
taxes
Prop, retire,
res.
125,000
appro.
Net operating revs
income (net)
$478,061
$336,382
4,623
5,266
Gross income
$482,684
$341,648
140,156
Other
Interest
Other
on
_______
int.
and
139,438
bonds
mtge.
1,679,743
1,691,243
131,384
56,914
19,947
10,429
203,763
Cr4,618
Cr55,347
Cr6,616
Cr55,726
Cr320
$196,001
$2,745,828
$2,378,888
to
Crl,307
stocks
the
for
853,240
1,134,601
$1,892,588
pfd.
$1,244,287
period
_
163,
$4,144,482
$328^592
applic.
—V.
$4,567,371
Cr4,595
Cr698
income
Balance
$4,087,568
debt
on
Int. chgd. to construct-
Divs.
$4,503,692
63,679
deducts.
Amort, of prem.
Net
1,839,834
1561.
p.
Centra! Indiana
Gas Co.—-To Issue Bonds—
The
company has applied to the SEC for permission to undertake a
refinancing program to strengthen its capital structure, reduce interest
Charges on its debt and provide funds for additions to its properties.
If the SEC sanctions the program, the company will sell $3,250,000
©f first mortgage bonds, series due in 1971, at competitive bidding and
will
use $2,944,000 of the
proceeds in the redemption of outstanding
mortgage bonds, 3'%?{>" sinking fund series due in 1962.
The company also proposes
to increase and reclassify its 40,000
Shares ($100 par) common stock to 500,000 shares ($10 par) and to
exchange 400,000 shares of the new common for 40,000 shares of the
old
held
common
—V.
162,
its parent,
by
the
Consolidated Electric
&
Co.
Gas
Maine
The company has
lor $13,000,000
Power Co.—Bids
issued
first and
invitations for bids to be considered May 7
series N, due 1976;
and as many common shares
may be required to provide the company
the bonds will be opened at 11 a.m.; for
and for the common at 3 p.m.—V.
with
the
as
Ohio
Offered—Mention
made in
was
Preferred Stock
issue of April
our
be
the offering by Kidder, Peabody & Co., New York, and
& Co., Cleveland, of 12,000 shares of 3.60%
preferred stock ($100 par), at $102,489
customers
transmission,
the
in
the
of
All
issued
Dividends
30
cumulative
Initial
December.
lative
are
from
dividend
March
1,
1946.
Redeemable
at
company
on
notice at any time or from time to time in whole or in
at $106,489 per share on all shares redeemed on or prior to
31, 1950; and $105,489 per share on all shares redeemed sub¬
days'
part
Dec.
sequent to Dec. 31, 1950; plus, in each case, accrued dividends to
the redemption date.
Upon involuntary liquidation, $100 per share;
and Upon voluntary liquidation, at the same prices as specified for
redemption of shares.
In case of non-payment of four consecutive
quarter-yearly preferred
dividends,
the
preferred
stock
voting
as
si
class, at the next annual meeting of stockholders, has the right
to elect a majority of the board of directors.
The vote of the preferred
stock
as
class
a
is
stock
additional
certain
National
required
the
certain
authorization
other
matters.
issuance
or
shares
be
to
Kidder,
Public Service
—V.
addition
to
Transfer
the
agent,
proposed
preferred, the company intends to carry out a program of
recapitalization as a part of the plan of Crescent Public Service Co.
for compliance with
the provisions of Section 11(b) of the Public
Holding Company Act of
Utility
jby
the
company
1935.
The
various
steps
to
be
On
purchasers and the number
respectively, are as follows:
number
the
The
5,157
of
Company
2002
p.
mon
tion
1946,
common
value
stated
(2)
On
company
or
will
exchange,', for
from
20,000
to
14,843.
shares will be cancelled, thereby
outstanding common shares from
reducing the
$1,000,000 to
creating capital surplus in the amount of $257,850.
prior to the date of issue of the new preferred, the
issue 74,215 shares of common stock (par $10)
in
(a) the then outstanding 14,843 common shares (no
of
$742,150 and
shares
the
stated value of $742,150 and (b) 1,972 $6 preferred
shares (no par) having a stated value as of Oct. 31, 1945, of $195,531.
The 14,843 common shares and 1,972 $6 preferred shares are to be
par)
having
a
cancelled and retired, the difference between the stated value of such
retired shares and the par value of the 74,215 share's of new Coniinon
stock
(amounting as of Oct. 31, 1945, to $195,531) • to be;!B&ditM
to
the,
capiffisurplus.
r./-aMNm
or prior
to the date of issue
prefeh,
W'<$ .cause the stated value of the* thterf ^Outstanding$6 preferred shares to be increased to an amount equal to the liquida¬
tion-(g!$Q <per share) of such old preferred*-and "to "acc'&topMsh
suph |iricrease.(,will charge the necessary amount;1Wh'ich on ',detiT!l3i,
(3)
On
obtained
Net
of
Gross
the
old
shares
of
are
insufficient for
funds
in its treasury.
proceeds
other
235,394
3,130,178
income
$132,673
$124,014
$4,435,522
3,019,933
$1,517,556
344
Br59
126
income
$133,017
int., &c.,
$1,415,589
4,132
$123,955
$1,517,682
24,787
272,629
295,970
$99,168 " $1,245,053
that
to
To
purpose,
redemption ofSlhir
the extent that such
Tqtal special deductions
Normal and surtax-
Excess
profits
Pfd.
-_5-;
38,000
_
$1,419,721
company
will
use
&
income
stk.
Ohio
in
treasury
Pere
for
exchange
;
$72,699
div.
$709,051
$793,903
13,092
13,092
157,102
198,775
$59,607
$46,701
$636,801
$510,276
require.--
of
March—
Net
from
ry.
Gross
$619,173
railway
railway
Net
ry.
$776,636
177,110
"96,052
140,572
130,035
106,259
35,140
78,140
1,929,659
2,114,022
2,251,750
31,278
.
income
oper.
258,650
506,755
Mr.
p.
218,265
help
the
lifting
"make
year."
cents a
47
of
a
is
1723.
1945, he
In
in
disclosed the company
profits. '
,1
;!
paid
excess
income
corporation
the
___
taxes—
income
railwaj
railway.,£taxes___
Net" Operating income—
Net'operating
ftet /income lid—L
income IIS—L
Stoking
funds
&
appropriations
'
'•'''.
Earns,
The
.
These
Thompson.'
lav;
firm,
the
of
Nick$i
V
>
on
ifc
through
t7
needs
the
Brothers Thompson are partners in a St. Louis
cooperated throughout the reorganization pro¬
roads with Eastern financial interests—the samfs
have
and
both
of
that have set up
interests
carriers.
voting trusts of their own in other bankrupt
'''
,
Frisco
k
Missouri
and
Pacific
are highly
competitive. It is un¬
also under the Interstate Commerce
lawful under the Sherman Act and
Act
for
competing
approval
"The
carriers
to
the
under
be
control
same
the Interstate Commerce Commission.
picture is filled with situations such
of
American
rail
contemptuous of the
Store
Chain
public interest."—V.
Investment
163,
without
as
the
2153.
p.
Corp.—Common
Colony Corp. and associates
offered 89,619 shares of common
v
*
equivalent
■
Of¬
April 23
Stock
on
stock (par 10c) at $8,20
per share.
The offering, represents the unsubscribed
part of an issue of 100,000 shares first offered to stock¬
holders until April 20 at $7.70 a share.
this
financing, with funds realized from
$50) 4^% preferred
stock, will be used to the extent of $231,585 to redeem
2,195 shares of $6.50 preferred stock.
The balance will
be added to general funds.
I
>
CAPITALIZATION
EFFECT
GIVING
cumulative
convertible
$17,806,977 $18,182,043 $50,398,944 $51,963,621
1,188,829
2,910,999
5,039,299
7,427,611
3,086.354
1,040,621
2,965,516
1,077,738
9,678,669
8,167,364
2,410,789
2,947,161
1,948,712
2,456,421
8,308,022
6,637,484
FINANCING
xtasA'
15,000 shs.
"350,000 shs.
—_
10£)
against the initial
conversion privilege
not
shares
of
to
set
106,000.
r
No.
Corporation.. 35,000
First Colony
Courts
J.
C.
&
Co.,—--—-—
J. Rice &
Bradford &
'
the new
v
•
underwriting
,
has:
th.e'
,
-.-■A-'.-.s;
.
Vt»V
'
t
■
Shares
Irving
an
„
for. by present common stockholders which tlie
opposite the name of such underwriter., in sUcfr
subscribed
shares
bears
;
into
several underwriters
that proportion of
pursuant to which each of the
purchase from the corporation
agreement
agreed to
attaching to
'
entered
has
UNDERWRITERS—Corporation
15.000 shs.
200.000 shs;
but unissued, 75,000 shares will be
"Of the 150,000 shares authorized
reserved
Outstanding
preferred
preferred stock.
number
,
is
NEW
TO
Authorized
::
•
Shate^
,
Clayton
Securities'/Go^.^; 10,DP0
Haupt
5,0Q«
ft
10,000
Ira
Co.
10,000
Grubbs, Scott
Co
10,000
Nugent
ah^C^l^;; 5,000
5,063
&
BUlt, Holden ft Co.-—iQ.OOO
2153.
Chicago & Eastern Illinois RR.—Pern
first mortgage 3%% bonds, series B, due 1985. may be
for permanent bonds at the Continental/. Illinois; National
Co. of Chicago, Chicago, 111., trustee, and The First
Temporary
exchanged
Bank
&
Trust
National Bank of
New
York, New York. N. Y.—V. 163, p. 1858.
jv
other
_____
.
42,434
125,289
$2,413,987
$8,182,733
$0.32
$1.08
41,763
123,864
Chicago Great Western Ry.—New Director—
"
i
per
to
surplus—
share.
$1,906,949
com;
:
foregoing income
$0.25
account
includes
an
accrual
of
$6,513,620
l i;
$0.87
$3,302,835
for
'' Charles A. Morehead, of the Miami, Fla.. law firm of Morehead,
Pallot, Smith & Phillips, has been nominated' for election as a direc-
t(SotpS w^ TttnrnPv foi
stockholders
Marquette
Ry.
April 23 approved the proposal to unite, the
Co., with the Chesapeake & Ohio System, in
on
■
•
......
.
the
MissLriKansa^-¥exa
RR
/hJ nlnYv
^rh^he ^KaL" mal
"s^ockholders" committee in the proxy dispute with_the Katy to p ,
in
agement last year.
group
Merger Agreement Ratified by Stockholders—
The
Pere
Counsel
cooperation of either the Frisco or the Missouri Pacific, both of which
have refused to help.
' " ■
"The
Frisco
and Missouri Pacific have been
in receivership now
for 13 years, paying fat fees to trustees and lawyers.
Trustee of the
Frisco is F. A. Thompson.
Trustee of the Missouri Pacific Is Guy
(par
$50)
Common
stock
(par
increased wages awarded by arbitration boards applied to all
employees
toeluding ^ngineers and trainmen, less the amount of ihcome taxes
v
plicable thereto.
^
.
\
,
—V. 163, p.
Federal
General
Chairman of the board, in a statement
St. Louis rail service, said:*
»
^
"To
complete through St. Louis rail service, C. & O.
:;,,'Lfo'esaj»bkke.& Ohio Ry.—March Earnings—
tflttod 'EndV^Mair. 31—
1946—Month—1945
:
1946—3 Mos.—1945
Grosa
and
Robert R. Young,
table
.
Vice-President
also
stock
all price ceilings on ribbons several weeks ago
satisfactory increase in profits for the balance
share
the
announced on April 24, have appointed Joseph
Walker as General Counsel for the coui-
was
Horace L.
Through Rail Service to St. Louis—
being offered 300%
more
busines's
than it can handle at present, Mr. Levy said that ribbon sales from
Jan.
1 to April 16,
amounting to $1,357,000 were 16% ahead of a
year ago.
Company's factor business in the same period amounted
to $5,834,000, a 23%
increase, he added.
Shortage w materials, rather than a scarcity of labor and produc¬
tion'facilities ;ls limiting output, Mr. Levy said.:—V, 163, p. 2153.
b.-c
pjftw -'
Declaring
%
,
Appointed—New Vice-President—-
Road.
4Vfe%
Century Ribbon Mills, Inc.—Earnings Higher—
said
"If bond
they are now, we should be able to
by at least $350,000 a year compared
203,934
Irving Levy, Vice-President, at the annual meeting, held on April 17,
that first-quarter profits after taxes amounted to 85 cents
a
share on
the 100,000
shares of common stock outstanding, com¬
pared with 50 cents earned in the same period last year.
He
as
charges
with
former
Purcell
466,209
42,397
estimated
of
it
and
,
headquarters at Cleveland, Ohio, and the 'lat¬
ter with headquarters at Richmond, Va. •
Robert
W.
Purcell, formerly Vice-President
and General Counsel,
was named
by the C. & O. board to the post of Vice-President-law1.
the
2,081,169
"275,154
railway
railway
from
Net
$761,692
1—
from
^
.
the recent sale of 15,000 shares (par
1943
1944
$772,389
"199,743
income
cper.
From Jan.
1945
1946
from
then
are
they are now," he added.
Kauffman
';
days' advance notice, will be undertaken promtly
interest
Proceeds of
Ry. Inc.- -EarningsMonth
Gross
of
60
on
The directors,
pany,
118,800
$59,793
future.
295,900
163, p. 1857.
will
distant
too
General Counsel
above
-•
227,800
14,300
tax
Balance
—V.
223,350
25,075
not
fered—The First
Net
the
the
Chesapeake
conditions
what
with
$1,123,"751
22,318
deduct._
$110,699
Balance
applied
preferred.
;;
this
annual
reduce
'
will purchase from the company 9,785, shares - of common
stock (par $10) at $30.67 per share.
The excess of the proceeds of
such sale of common stock over the par value thereof will be credited
to premium on capital stock account.
outstanding
1946—12 Mos.—1945
$4,647,734
255,992
Balance
(6) On or prior to the date of issue of the new preferred, the Parent
be
and
stock
V,
"The
„:! company
will
the
Seeks
Corp.—Earnings—
$359,408
income—net-
operating
Non-oper.
(5)
proceeds
& O.
v:
.
preferred
the
ceedings
at
PURPOSE—Net
.
following consummation of the merger, Mr. Wenneman said;
1939.
$388,665
...
«'
*
will
also
be eliminated
accrued and unpaid
dividends oh :
Marquette prior preference and preferred stock which at Jan. 3I\
totaled $13,071,025.
.market
an
1946—Month—1945
Operating revenues
Total operating exps.__
Other,
preferred.
of one share of C.
i/a
•
conversion take place," he added,
"the publicly held V
merged company will consist of 8,127,526 shares of com* • V
stock having a total par value of $203,188,150, a further reduc¬
of $12,016,150 in par value of outstanding stock.
'
Plate
has
company
in
of
redeemable
are
6,000
Central Vermont Public Service
company
The outstanding 12,000 shares of old preferred will be redeemed
$110 per share, plus dividends to redemption date, which 'date
shall be not later than 40 days after the date of issue of the new
stock,
*
Refunding of Pere Marquete 3%% Bonds Planned—r \
Refinancing of the Pere Marquette first mortgage 3%% bonds, which
to
common
'
"There
Pere
.
"Deficit-—y. 163,
outstanding
1
the
to
"Should
stock
6,000
reorganization in Federal Court on Oct. 30,
are;
prior
or
*
,
,
,
stock
taken
the date of issue of the new preferred, the
parent company will donate to the company 5,157 common shares
(no par, but having a stated value of Sou per snare), thus reducing
(1)
-
..
the
publicly outstanding capital stock.
•
Calling attention to the fact that Chesapeake & Ohio common al¬
has sold at a price above, the conversion price of 62V2, Mr.
Wenneman stated that there is every reason to anticipate that all of
the 31/2%
convertible preferred stock may be converted into common
extension until Oct. 30 of the time
for filing a plan of reorganization before United States District Judge
Guy L. Fake at Newark, N. J.
The company filed a petition for
issue
the new
when
ready
C.
the
purchased by. them,
& Co.
&
163,
Net
PROGRAM—In
date
in
Co.
of
names
Peabody
McDonald
of
Bank of Cleveland.
City
RECAPITALIZATION
of
and
tor
the
of
as
par
specific
of
3'/2%
value of $20,026,900, and 7,807,096 shares of common' Stock with
value of $195,177,400, W. H. Wenneman, Vice-President, said'.
aggregate par value of all preferred and common stocks to be
initially outstanding with the public will therefore be $215;204,300. /
Accordingly, the merger will bring about a reduction of $44,903,231.39
a
energy
PURCHASERS—The
Total
option
'
'■*
•
the
shares owned by the Chesapeake & Ohio.
Alter deducttreasury shares, there will be outstanding in""the hands of
public 200,269 shares of 3 ^2%''" convertible preferred stock-with a
of Findlay.
City
electric
The Ohio
from
and
payable March, June, September and
payable June 1, 1946, and will be cumu¬
\J
'
,
,
prior
when
these
the
requirements of the company for its
Western Division are generated in
its own plants.
In the Eastern
Division,
however,
all
of
its
electric
requirements
are
purchased
ac¬
Further details follow:
crued dividends.
.
share and
per
date
par
15 of
McDonald
the
on
preference stock, including
merger is consummated!,
convertible preferred stock and J/3 of one
Marquette
the
of
follows;'
are as
Pere
as
vote
and the approval
The
$10,000,000.
Bids for
preferred stocx at 12
—
will
who
;
Commission.
Commerce
211,429.4 shares of 3 '/a %
convertible
shares of common stock to be issued
distribution, purchase and sale of electric
energy
for
light,
heat,
power
and general industrial
and utility
purposes, and as an incident thereto, furnishes hot water for heating
in a restricted area in Findlay, Ohio.
Of its
total
operating revenues of $2,409,619 for the 12 months
ended Oct. 31,
1945, $2,358,351 or approximately 98%
was derived
from (he sale of electric energy, and $51,267 or approximately 2%
was
derived from the furnishing of hot water heat.
The
territory served by the company is a diversified industrial,
residential and agricultural area. The manufacture of rubber products,
steel machinery
and equipment, the processing of sugar beets and
petroleum, the quarrying and milling of stone, and the manufacture
and
assembly of various parts for other concerns, are among the
more important
industries served by the company. In the 12 months
ended Oct. 31, 1945 the largest customer of the company (which was
an
electric utility purchasing power for resale)
represented approxi¬
mately 8.6% of the company's annual electric revenues.
As of October 31, 1945, the company rendered electric service directly
to 18,212 electric customers among the inhabitants of 18 incorporated
cities and villages, 18 unincorporated communities, and the territory
adjacent thereto.
There is a total population, as shown by the
Federal Census of 1940,
of 43,985 in such cities, villages and com¬
munities served directly.
The
company,
as of Oct.
31,
1945, had 177 hot water heating
163, p. 2153.
Light & Power Co.
of
& O.
C.
stock. '
the
ing
the
Period End. Mar. 31—
Centra!
:#
Marquette
The
general mortgage bonds,
220,000 shares of new preferred stock
noon;
Invited—
■
312,272.2
in exchange for all
outstanding capital stock of the Pere Marquette, 11,160 shares of 3Va^
convertible preferred stock and 162,531 shares of- common stock will
Central RR. of New Jersey—Obtains Extension—
Centra!
Interstate
share of Pere Marquette
each
common
2637.
p.
;
preferred stock, Including all
merger is consummated, 8/10
of one share of C. & O. convertible preferred stock and 4/10 of one
share of C. & O. common stock; and
•,
•
except by terms of indenture dated as of Feb. 1, 1944.
outstanding common shares will be initially owned by
Crescent Public Service Co., the parent company.
'
;
BUSINESS—Company is a public
utility operating exclusively in
the State of Ohio.
It is engaged principally in the business of the
of
generation,
Federal taxes
share
of
tAll
Operating revenues
Operating exps., exclud.
stockholders,
Marquette
the
of
share of C. & O. common stock,
For
each
share of Pere Marquette
Of
3V2%,
A,
—
Pere
accumulations
•'•"Unlimited,
Carolina Power & Light Co.—Earnings—
the
T)ie terms of exchanger
all
For
Outstanding
Authorized
in
of
authorization
and
134,966
$170,629
172,204
TO
merger" \
Feb. 19. .y
and holders
ensuing organization meeting,1 directors reelected Robert R.
Young,
Chairman,
and elected Robert J.
Bowman, President,
the
latter to succeed C. E. Newton whose resignation as C. & O. President,
announced on Jan. 22, became effective April 23.
»
Mr. Young
and
Mr. Bowman will be Chairman' and President,
respectively, of the combined C. & O.-Pere Marquette system upon
consummation of the merger, Mr. Bowman continuing in the meantime
as- President of bothuCompanies.> , - v'?.,/.;' is,;"
v.
To
become
operative the "agreement of merger" must have the
accumulations
Balance
of
on
their
RECAPITALIZATION
Lee
and Union Securities
86,865
$218,129
_________
"agreement
an
The
one
income
Net
Pref,
of
51,785 (shares voted against it. ■
s:,v:;. •' aWp ■:;>-t• .?>•• •>«/<!
stockholders reelected all of the 14 directors of the comparty.
of
At
171,895
171,050
127,790 »>'
170,972
129,367
(net)
Capitol Records, Inc.—Underwritten—
,,
$544,082
$579,868
$602,608
129,367
tax
conditions
and
proposal at their annual meeting in Detroit, May 7,
170,973
deducs—
income
Federal
dividends
and
accrued
taxes, etc., $101,888;
expenses,
'
__
$326,969;
Total
-V
..
accts.
Prov.
.
•
371,767
*
income
unrealized
,
terms
ratified. by the board of directors: of the two companies
Holders of 4,538,446 shares voted in favor of the merger
1942'
1943
with
accordance
a-
--Years Ended Dec. 31,—~
$2,409,619
399,353
Operating revenue——
Power purchased
Operation
■;
—--
•
appreciation of investments on March 31, 1946, after
deducting provision of $913,000 for possible Federal income taxes pay¬
able if such appreciation were realized, was $2,734,263, or $429,989
more than on Dec. 31, 1945.
•
The
' 12Mo's, End.; r;"!
;,
.
'r;l943-
■&■
■■.
Subsequently, control
of
the "Katy" passed *0. a
associated
Edward 8.
;
The group
Chicago
&
since has purchased
Eastern Illinois RR., and
_x
committees of directors of the
•
rrr*^*^^
r •■'■■'•■
ii^a
"
iEiaS®smsffi::>sCv;":
-
£„„,
v ■•<
v,-> —
v-;*^
-v
'■
»•>'»fvVfv^vvv/ji. v-r^.;,
:22M!S%Sgp®i
two
railroads
"xiaty"
R.
J.
were
appointed
committee.
Studies
Morfa, Chairman
to
expected
to
possibilities
continue
for
with
a
for
election
of
were
Chieago
>.* * ?■•'
-
,
tration
five
senger,
h.
combination
road
p.
and
and 18
locomotives.
passenger,
switch
1,500
h.
Diesel
p.
fast
train
which
will
begin
service
Also
scheduled,
be
to
built
in
*
•'
.
■
.
-
■
^percentage bomparlsonx
Week Ended—' ;,
Apr. 20
Apr. 13-
.
Apr.
30—
V.
,-
)p.
163,
—-
2155.^'•
*
*
i'V.
Commonwealth & Southern
road's shops in Milwaukee, are
including box cars, gondolas, alT-stdel cabooses,
and automobile cars
equipped with loading devices.
Provision is made in the
budget for $2,276,000 for rail, track fast¬
enings. and ballast.
More than $2,155,000 Is
provided for replacing,
renewing, and strengthening bridges.—V.
163, p. 2002.
'$&£■?>:/■, •;.» r'/\
'll\- '.jf
^ V'
'
'
'
($1 par)
"Of which 24,950 shares
'
,4
■.
.1946—Month—1845
;
$85,983
*.
10,970,387
31,231,897
;;•
V:
■•':•
will
The
company
covering
April
on
$4,800,000
22 filed
of
which
are
and
one
line
of
in
The
debentures
each
common
would
100 shares of
f; Any
be
Offered
stockholders
first
debentures
for
rate
of
stock held.
common
unsubscribed
*»>•••*'•** '«;«
the
at
<
>
..
$500
of
.•■(..
■.
subscription
to
.
the
New Jersey.
automobile
the debentures
for
EARNINGS
be
purchased
Federal
Net
The
Cleveland
begun construction
of
Avenue,' Cleveland,
Co.,
division
a
of
the
company,
O.
The
new
structure
>;••
1946
has
for
the
bulk
year.—V.
will
house a
completely
core
oven department.
According to James Mitchell, President, the new
facilities
will
-Increase the foundry division's
production capacity by 33
%% ,, The
Cleveland Foundry Co.,
in addition to
supplying castings to Grand
Home; Appliance Co., the gas range division of Cleveland
Co-Operative
Stove Co., serves a
large number of manufacturers in the
household
appliance, farm equipment and industrial
equipment fields. The greatly
accelerated demand for gas
ranges, gas and oil water
heaters, Ironers,
;«ewing machines, household; furnaces; spacb'
heaters; conversion burn¬
ers, water and electric meters,
.poultry incubators and brooders, and
•Similar equipment, has thrown ■ an
unprecedented load ott the cbm*4ny's production facilities^ the * announcement
'said.
'{
Completion of the project Is planned for
Sept. 1, 1946.—V. 131,
P. 119;
'
' «
'
*
'
of
of
363,
the
.
that
excess
the
$38,495
40,544
18,93?
1,187,875
1,302,778
1,872,973
48,856
24,091
43,322
20,784
117,030
1,820,359
79,641
43,177
1,591,865
53,553
27,003:
1942
1941
1940
1939
; •*.
(
"Before owners salary and Federal taxes,
t The underwriting agree*
ment provides that the
salary of the president of the company shall
be $10,000 if sales are less than
$3,000,000 in any year; $20,000 if sale&
...
are $3,000,000 but less than
$4,000,000; and
$4,000,000 or more.
636,150
$476,997
$368,053
tricity
April
(electricity
24
335,299
325,335
$1.42
$1.10
De
earnings resulted largely
Advertising, which accounts
taxes.
is
revenue,
announced
generated
about
40%
ahead
of
.
last
and
that
System
purchased)
for
output
the
April 21, 1946, amounted
400,000 kwh. for the
of
week
elec¬
which
Clinton Industries, Inc.
(&
Quarter Ended March
% Uet earnings after
Subs.)—Earnings—*
31—
charges
&
taxes
Earned
per
$549,568
730,465
outstanding
$317,497
$0.55
share
v
The
000
it
company
$4,201,040
announced
had
cash
balance
of
.
578,4.45
or
stock
outstanding.
At that time the reserve for income
'iaxes exceeded; tax liotes
by approximately $900,000,
•,
Charles W.
Metcalf and I.
R. Stewart,
both of New York City,
"were elected directors of
.the company at a meeting • of the
board in
St. Louis. Election of the two
new members
Increases to XI the total
membership of the board.
Mr.
Metcalf, former executive vice-presi¬
dent of General Foods
Corp., is presently consultant to
Schenley Disr
tillers Corp.,
while Mr. Stewart, New York
capitalist, formerly was
president of the Anchor Cap Corp.
•'
>
j.
Members of a newly formed executive
committee
of
Clinton an¬
nounced by Richard M.
Moss, board chairman, are C. W.
Metcalf, I. R.
Stewart, Ray E. Cllzbe, and Joseph K. Nester. Mr.
Moss is
•
effective
"After
interest
1858.
-
-
163,
p.
$0.28
normal
charges,
$0.61
At
meetings
of
the
df
board
directors
of
Aluminum
this
Net
Products
*
"
'
•
'
Aluminum Utensil Co. now
Aluminum Products Co.
Under
the
poration
will
issue
52,720
shares,
remaining
the
Under
Co.
the
or
323,950
approximately
51%
of
merger
will have
stock
Provision
of
Club
the
stock
the
surviving
will
.
be
of
issued
to
Products
Club
of
of
common,
Aluminum
stockholders
to
1,000,000
agreement
holders
3 Mos. End. Mar. 31—
di
Net
Co.
Utensil
proposed financing.—V. 163, p; 1858.
Thr^e Months Ended—
^
lines, records^;
Time
of
discount and
talent,
,—
agency
and
Subs.)—Earns.
Mar.
facilities,
etc.
returns, allowances
Balance
Operating
"
'
incomeviromi sale
Profit
bther
commissions, record
discounts
*
/,
,
...
„
Selling,
Gross
Misc.
Total
expenses
general
for
and
and
cost of goods sold____
administrative expenses.!
$16,347,570 $14,791,764
10.797,073
3,072,591
:
198,236
depreciation and amortization^^,
1,108,367
1,029,817
345,799
527,212
profits
postwar
credits)
59,843
68,593
238,848
State
1,074,84£
271,804
taxe.s__
85,866
84,353
328,674
'•I 336,23?
oper. revenues.—
income (net)
$746,856
$529,120
10,991
$2,276,971
$2,082,455
32,196
88,252
31,193
$779,052
$540,111
$2,365,223
$2,113,648:
and
local
income
income
deducts—
143,136
141,214
579,904
589,527
$635,916
income
$398,897
40,000
$1,785,319
160,000
$1,524,121
160,00ft
$1,364,121
dividends
Balance
No.
of
—V.
for
40,000
common-
$595,916
1,162,600
$358,897
1,162,600
$1,625,319
shares-
1,162,600
1,162,600
share.
$0.51
$0.31
$1.40
$1.17
common
Earns.
$0.61
per
162,
com.
2816.
p.
Detroit Edison Co.
Gross
(&
Subs.)—Earnings—
(&
1946—12 Mos.—1945
r
earns/from
Subs.)—Earnings-
appropriations
$5,983,755 $21,923,206 $23,079,454
5,353,793
10,683,835
20,470,592
$2,608,862
1,329,942
and
$2,239,372
341,514
122,490
'870,172
495,690
$265,958
$873,510
.8,272
12,783
,111,964
$18,412
$278,741
123,798
$10,140:-'
'
"
;
and
for
FCd.
7,849
$985,474
f 30,862
,
.profit taxes.
39,653
'
•
'.V*
7,000
119,000
$10,962
♦Earns, per com. share.
in
both
on
'
383,000
•'
surtax—
$0.02
$0.94
$0.30
,
ac-
taxes
66,961,312
3,651,000
—
utility
operations.
'•
tionUn
*
income
funded
sales
and
of
—•———
unfunded
real
Federal
': i'<,v
31.01
607,959
debt
taxeo. on
•
Netutneome
4,628,4231
—
4,806,674
126,290
employees' : retire-'
income
libMfi.
290,251
•'
$14,540,411 $12,640,156
estate
aftpl'dprfatlon ' to
VtwMsuch" costJi'iu.'.L^UI..*^.—
on
67,258,712
3,525,000
1,388,000
$13,932,453 $12,349,905
f;
attributable
•
_—*_*■! I-
Vrv.-■-:
-
»
•
800,009
•».
•••
'.'■1'Jinbbi;
,-i
J.
449,082
-I.»r
800,000
Portion of cost of $1,084,849 to redeem
$19,000,000 series F- bonds which equals the reduc-
354,000
~$4W,6l2 ' $504;747a
$151,892
income
—
from
loss
Additional
501,402 commoh shares, how outstanding,
reflecting 2%-for-1.split In March, 1946.
M&i.l ■>/
K
years
than
tax
corporate
Net
$898,401
.
"Based
adjustments^ and
other
100,000
"
exc.
451 '
charges,
current
(depreciation)
deprecia-
accelerated
income
Gross
income
Net profit.-—"—'—
and
profits
Interest
V'
-
taxes
Income, from
$837,623
60,778
•
income——
charges—*—
contingencies..
441,297
all
tax
Excess
Other
operation
for
postwar
for
for
$84,544,765 $84,521,617
to .retirement
'
cruals
1945
*
provision
reserve,
1946
util-
ity operations
Operating and maintenance
income, less misc.
2,683|350
202361
$2,279,670
88,559
$3,003,979
72,566
$2,368,229
$3,076,545
906,000
deductions,
598,000
Excess profits taxes._^..„__!.
•
.
.
income
—
"Calculated
as
1,352,000
——$1,462,229
$1,126,545
$0.85
$0.66
per
outstanding
CONSOLIDATED BALANCE
8,901,094
SHEET,
MARCH;3£; 1946
...
^;'•
ASSETS--Cash 1ft baftks and * on1 hand, $973,091;' 0.. S;":Govt...
securlr
ties,
at
cost
plus accrued
interest, $1,010,143;
accounts
receivable
(net),
profit
•Earnings
1,190,868
$479,045
$729,962
for
-ProV.
:
7,240 060
,
Net
1,104,522
254,565
__
excess
i.:
'
.
,4,-.
Jflift)
/..J*.
iif
•
J.'.-.,
797,900
i! )ii,-i" »
>
$8,188,608 » '36;584,400
—V. 163, p. 1725.
.
Income before Federal, taxes.
Income taxes
.
592,68(»
276,845
414,364
depreciation._
Federal income taxes-
1,479,325
100,000
$1.32
247,270
income.————
:Other
v
_
Provision
3,243,133:
780,280
.
6,028,434
_
from
31/46 Mar. 31/45
.
3,140,99®
3,050,637
146,459
tion
depreciation-
■fyi•'\
.; $23,276,004 $22,03L844
.
3,397,974
847,125
Normal
Prov.
Cross
1946—12 Mos.—1945
$3,336,145 $12,895,986 $12,880,337
1945
$381,208
for
Executive Vice*
154,279
282,404
for
Net
$1,032,787
exclusive
Admin., sell. & gen. exp.
the
Subs.)—Earnings—
1946—3 Mos.—1945
1860.
3,961,476
Prov.
of
name
766,459
Prov.
Net
632,998
$4,342,684
sales,
160, p. 1078.
the company and
Apex Collar & Shirt Co., Inc., so
as to
provide that the consolidation be
perpetual instead of terminat¬
ing in 1963; to broaden
scope of operations under the
agreement and
for
■
of
the
2640.
p.
783,286
Other
1
1946—3 Mos.—1945
.
sales—
Cost
between
Inc, (&
taxes
Continental Steel Corp.
cor¬
April 3 voted to increase the authorized
common
shares
(of which 677,844 shares are
outstanding)
shares, no par value, and to amend the
consolidation
Columbia'Broadcasting System,
change
834,529
Preferred
p.
to
162,
expenses
Nil
1346
reserve
163,
asked
Purchased pwr. and gas
Club
on
grant wider latitude
income
contingency
"On 781,253 shares.—V.
Cluett, Peabody ,& Co., Inc.—Common Stock
Increased
The stockholders
stock from
750,000
Federal
be
Cigar Corp.—V.
par;
Maintenance
$18,401,595 $18,202,975
1,665,785
2,058,370
taxes
Balance, surplus
."Earned per share.—*.;*-.———
which
Aluminum
their stock exchanged share for
share.—V.
for
also
f'
.
12 Months Ended Ma rch 31—
of
no-par
for
will
DWG
plant
Operating
America—Earnings—
income
the
a
$10
$3,344,600
Gross
Federal
15 on
revenues
1724.
'*
■;
plan
proposed
16.27%,
of
present
49%
owns
shares
*.•■■'
before
Provision
Club
and
company
Products Co. a plan of
merger of the two companies was
approved for submission' to
stockholders.
Club Aluminum
Utensil Co.,
an
Illinois corporation,
will be the
surviving company, but its name will be
changed to the Club Alumi¬
num
Co.
:Club
profit
meeting May
Operating
depreciation,
including
Three Months Ended Mar. 31—
sales
^
.
Aluminum Utensil Co.—Plans Merger—
annual
Delaware Power & Light Co. (&
(less
~
Container Corp. of
to
Period End. Mar. 31—
Total
;
;
Other Federal taxes
$0.34
all
taxes.
tLoss—V.
chairman
163, p.
and
for
the
two-for-one.
ginia and Ohio, it was announced by Julius
Kaufman,
President of Dejay Stores, Inc.—V.
163, p. 191.
Mar, 24,'45 Mar. 25,'44 Mar.
27,'43
$101,697
$217,381
t$73,306
$117,156
provision
'
under
Corp.—Earnings—
Net
jlj Club
statement
vote at
stock
common
stockholders
Federal
Mar. 23,'46
Earns, per com. share
■
of the committee.—V.
registration
by the company up to noon EST on
April 30,
reported that up until the present time three
Consolidated Laundries
.
•
the
Bids will be received
1946. It has been
12 Weeks Ended—
"Net
profit
"J
effective
exchange
corporation has bought for cash the business and assets of
Aronberg & Pheffer, 20-year-old Ashland, Ky.,
co-partnership, with 16
Peoples and Union apparel outlets in Kentucky, Virginia, West Vir¬
company proposes to issue and sell at
competitive bidding
of bonds
maturing in 1981, to refund a like amount ol
bonds.
.
year.
Dejay Stores, Inc.—Expansion—
syndicates have expressed an intention to bid
on this issue.. These
are
White, Weld & Co. and First Boston
Corp.; Halsey Stewart & Co., Inc.;
Alex. Brown & Sons and
Harriman Ripley & Co., Inc.—V.
163, p. 2003.
approximately
necessary
This
banking
April 3, 1946, after credit for proceeds from sale of
100,of
capital stock.
The
company has no bank
loans
shares
preferred
is
on
declared
are
[
capital
the
company
outstanding 3J/4%
1945
$0.75
Shares
the
$44,600,000
1946
has
split the
The
ended
.
SEC
$30,000 if sales
plan, the presently authorized 275,000 shares,
would be changed to 550,000 shares of $5
par value.
Consolidated Gas Electric Light & Power
Co. of Bait.
—Registration Effective—Bids for Bonds Invited—
*
The
may be
for
Long Hook & Eye Co.—Stock Split Effective—
Under
to
177,500,000 kwh., compared with
168,corresponding week of 1945, an increase of
5.4%.
Local distribution of
electricity amounted to 170,600,000 kwh.,
compared with 163,800,000 kwh. for the
corresponding week of last
year, nn increase of 4 2%.—V.
163, p. 2155.
-
■
used
Deisel-Wemmer-Gilbert Corp.—Proposes Stock
Splits
Up and Change in Name—
to
.
•
be
The company reports that the
five-for-one split-up became
March 26, 1946.
Five $20 par shares are now
being issued in
for each $100
par common share.—V. 163, p. 1156.
The stockholders will
on
will
money
$1,004,203
1,103,000
-
Consolidated Edison Co. of New
York, Inc.—Output—
company
66,35®
working
to finance the
greatly increased sales expected this
$1,579,997
profit
tNet
*
$72,087
1,471,103
modern
The
"Profits
$1,962,806
PURPOSE—The
2155.
p.
Sales
YEARS
increase in
profits
company's
CALENDAR
1943
1944
$1,036,443
reduction
FOR
1944
31
1945
,
$1,705,443
669,000
taxes
Patcevitch stated
from
above
$350,000 addition to its plant at 2818 Harvard
a
income
profit
Mr.
/
Foundry
charges
Outstanding com. shares (no par).
335,298
Earnings per share J—$3.09
Cleveland Co-Operative Stove
Co., Cleveland, O.—Di¬
vision to Expand—
after
MARCH
full
a
1945
directors.
ENDED
•
Profit
2002.
p.
QUARTER
of
1
EARNINGS
Stock
by
working capital
$1,000,000 of notes.—V. 163,
FOR
comprised
hardware, paints, plumbing- supplies;
appliances, radios, and refrigera»
electrical
as
tors.
-
underwriters
by The First Boston Corp., which would
determine whether
there would be a"
public offering of such debentures.
t
The proceeds from the sale would
be used to increase
pay
on
Merchahdise handled is
accessories,
Year
,
:
■
com¬
,
would
headed
and
bearing
a
a
are
located in
household wares, as well
earnings will be used for this
purpose. s
He stated that
profits, after taxes, in the first quarter of
1946 were
in excess of
$1,000,000, compared with $477,000 in the
corresponding
period last year.
convertible
■1961.7V,
pany's
Registration statement with the
sinking fund debentures, due
a
cover
of
a
chain of 48 stores in carefuliy selected
marketing centers for the surrounding areas.
Pennsylvania, 12 in upper New York State
.
However, the
Exchange regarding stock split
the company's
decision.;!
,
company's Greenwich, Conn.,
plant, which
York
the 1,717,352
shares of $2.50
of March 30. 1946.—V. 163, p. 898.
upon
par
value
stock
$1,104,484; inventories, $4,469,131; miscellaneous investments,
$41,052; land, $417,609; buildings, machinery and equipment (after
reserve
for
depreciation of $9,602,883), $6,578,164; intangible
(patents), $1; deferred charges, $16,325;
total, $14,609,999.
.LIABILITIES—-Accounts payable
salaries
general
and
taxes,
declared
operating
and
payable
compensation
April
$699,174; accrued wages,
accrued State,! local and
other
Federal
15,
insurance,
income
1946,
taxes, $448,408;
$100,278;
reserves
for
$356,420;
reserve
tingencies, $750,000; capital stock ($14
par), $7,022,680;
plus, $4,693,142; cost of 217% shares of
common
ury; Dr$3,057; total,
assets
(trade),
commissions, $355,067;
$187,888; reserve for
dividends
j.
operates
company
communities
'Of these, 35
period of two or three years, calls for the
expenditure of
approximately $4,000,000.
Mr.
Patcevitch stated that the
policy of
financing capital expenditures by
borrowing has been changed and
that from now on
.
•%City Investing Co.—Registers with SEC—
FEC
have
ups may
New
Plans for expansion of the
ft!!4;-r-S'';
The
attitude o.f the
•••'•.<„•
Feb.
Corp.—Weekly Output—
being considered by the board
recent
$182007
31,177,056
10,854,083
—V.. 163, pp. .649, 102$, 1561; 1858.
'-ii
$206,360
.75,000 shs.
HISTORY &
BUSINESS—Company was incorporated in Pennsylvania.
13, 1946, to succeed Dean Phipps Stores, a sole
proprietorship,
established in 1924. As of April
4, 1946, Dean Phipps Auto Stores, Inc.;.
'aft affiliated company; was
merged by an exchange of stock.■
6.4
5.2
Conde Nast
Publications, Inc.—Considers Stock
Split—
According to T, S. V. Patcevitch, President, stated;
recently that a
stock split is
1946—3 Mos.—1945
$62,574
"150,000 shs.
2.7
192,633,000 "
The weekly kilowatt-hour
output of electric energy of
subsidiaries of
this corporatioin adjusted to show
general business conditions of
ter¬
ritory served for the week ended April
18. 1946, amounted to 244 035 228, as compared with 254,411,388 for the
corresponding week in 1945,
a decrease of
10,376,160, or 4.08%.—V. 163, p. 2155.
Ry,-~Eamlngs-^-
Period End. Mar. 31—
HWet profit
Revenue passengers
29,900 shs:
<
reserved for exercise of warrants.
are
{
Outstanding
50,000 shs.
at $6 a share.
During the life of the warrants, the comr
pany has bgReed not to sell any of its stock at less than
$6 a share and
•the -warranto are protected
against dilution.
■,
.
•
Cincinnati Street
par)_
-
FINANCING)
WARRANTS—Entitling. the holder. thereof for a period commencing
May 151, 1947, and terminating May 15, 1950, to purchase % share
of
common stock
•
the
($10
CURRENT
Authorized
.
preferred stock
cum.
Common stock
,
Dec.
7.4
r 189,124,000
'•
^
-
%
192,606,000
186,765,000
180,339,000
179,195,000
—-
Mar.
-
1945
178,312,000
181,731,000 '
I—— '
L.L.
—
early
11046
V
.
..
■•,
(GIVING EFFECT TO
,
*■*
^
-
-
,5Vt%
and
-
" m '%.&&
.
CAPITALIZATION
J
•
'
."'■ !■'■''".'"',.'j.'^.r
1
Torrey, at $9,163 per unit, or a total of $274,000 and are offered to
public at $10 a unit^ or a total of $299,000. In addition, W. Ji
Banigan & Co. and Cohu ii Torrey have acquired for themselves
20,♦
000 warrants at 5 cents a
warrant, cr a total of $1,000.
:r
/
;"7- "
7
•the
Co.—Weekly Output—
With Mst year;
Monday, April 29, 1946'%
X
.':
-
Electricity output of -the CommoniVealth Edison
grbup of cdittpanfes,
excluding sales to- other electric utilities for the week
ended April 20,
7.4% decrease from the
corresponding period last year. Fol¬
lowing are the killowatt-hour output totals of the
past four weeks
2,360 freight train cars,
.,
"
l^%
,
•
showed
.
-'
'
i
Regis¬
■"
Commonwealth Edison
•
electric
next year between
Chicago-Milwaukee and Seattle-Tacoma, routed viva St.
PaCil-Minneapotts.
The combination road and switch
locomotives will be used at
various places on the system.
v
■■
.
.
new
Electric
v
•■
,
a
-
..
'
4v-'-*
^
Passenger train cars in¬
clude mail and express cars;
coaches, diners, lounge cars and sleeping
■■cars,..all of.the 'most modern type.
;
Six cf the
heavy-duty, high-speed Diesel electric locomotives and the
passenger train cars' will supply the six full units
required to operate
•
r#
a registration statement for 744,455 shaTes ($10
Jikr);: cbttuttoifttt stock
was filed April 20
with-the SEC by"the'
company.;
;
The, stock, all owned by Continental Gas &!
Electric Corp., will be
offered at competitive sale.
Continental has been ordered
by the SEC
to dispose of its interest in
Columbus.
The stock
represents 99.17%
of the common
outstanding.—V. 162, p. 3070r" ' • '11 •
\
;%V-
4,000
?.•
•
•
-
v''!
'
:
A!1'':!!*
in the equipment to he acquired are five
6,0'90 hv p.' h&s--
Included!
i"
Columbus & Southern Ohio
Western, also have been, nominated
R. Faauntleroy and Ivan A. Mcreelection to the board.—V. 163,
p. 2154.
Chicago Milwaukee St. P&til & Pacific RR^-Bttdget—;-
'
;;;.vvv;;^!:';c:'t
-^cinii #.;■ fi *fJ..
vfDean Phipps Stores; Inc.
Units Offered •— Cohu St
Tortey atid W. J. B&hig£ri & Co.; on April 22 bffeireld
29;^
'900 units fit $10 per unit.. Each unit •
consisting of one
share o£ 5% % cunmlative -preferred - ($10; par) - and a
warrant to buy V2 share of common.
y
The unit& are*.
bel^ -ftequtred ''by' W! J. -Batifgah; & : Cov. atid CoiiU &
.
'tJv.'"
The company's 1946 improvement
budget Involves an expenditure of
more than
$23,000,000, according to H. A. Scandrett, President.
This
is in addition to the
ordinary expenditure for operating and maintain¬
ing the 11,000-mile property, which last year amounted to
$187,000,000.
The budget includes
$6,822,000 to be fiftaftcied 'from railroad com¬
pany funds; for new Diesel electric locomotives,
passenger train cars,
and freight train cars, to
apply against the $20,000,000 cost of this
equipment.:
Director^-,
Raiph WanRf of Canon City, ccfo.,' tax Seen elected'
a.';< director.—
v. 163, p. 1562.
;:;;" '
%•■::
.///
' :
Robert
nominated for
I 'iC' 'V*' '*< .'•»1
£ ht &
' *:3
t
Great
directors.
as
Colorado Fuel; & Iron Corp.-—New
-
months.
of
,.
Kenna
"|P T
'"''''.1
explore merger
are
"Katy,"-stated in March that .any unifica¬
tion of the
properties is "several years" away.
n
!
Emanuel E. Norquist, Kansas
City, Mo., Chairman of Butler Manu¬
facturing Co.; and Harold W. Buitness, Vice-President in
charge of
transportation
"r
COMMi^diAli'l f ibfiLic^ciA^
1724.?
in
!
Di«Nac C0., Cleveland, O. ^ Stock Sold
j
Calls Preferred Stock for
Pri^tel^—
company Or*
stock at $5 per share, the
proceeds to be used to
mon
increase plant
facilities, etc.
The entire outstanding 915 shares Of 8% convertible
preferred stock*
$100, have been called for redemption on June 1, next, at $105
per share and dividends.
par
The number
directors
shares,
sur¬
sale
treas¬
Redemption—The
^eb. 19/ last, placed privately. 50,000 shares of-$1 co^-^
con¬
earned
stock held
$14,609,999.—V. 163,^!p.
for
:
at
The
ent
of common
reduced
was
which
$3
have
been
shares reserved for purchase
by officers and
during ,1945
from
91.464
shares
to
17,368
allocated to three. officers and directors: for
company,
share,
*
formerlv known
in
160,
name
per
1944.—V.
p.
*
»s
1293,
Di-Noc Mfg.
Co.,
adopted its pres¬
'
V
ponnacona iPaper Co.^ Ltd.
Prooosed—
*'
si
^he-,stopKnpWfi^ wl^ <v<$>v
.
create
a new issue
'*
* 4'
'
*
",f
*
*
per share,
$2,453,327."
At
present
common
there
stock,-—V; 160,
p.
of
376,572 shares
outstanding
are
830.;, /.;r
value
par
nq
V.-?*.:--.;
"
-
,
lows:
'
-
"
■
Nq. Qf shs.
22,000
■.;•
■ ■
Dry den Paper Co., Ltd.—Partial Redemption—
called fof
has
company
redemption
June. 15;
on
516,000
next,
of
first, mortgage sinking fund 6% bonds, due. Feb, l,vl949, at
101 and interest. Payment will be made at any branch, in Canada of; >
the
Royal Bank of Canada,
n> y.—v. 161, p. 206.
;>
at the agency 6f the bank in New
or
vv
s-
;
;
,
See
Deisel-Weramer-Gilbert Corp. above. *
Eastern Airlines, Inc.—Stock
.1 The
stockholders
-
Cohu # Torrey
Courts 8c Co.
Yor.k,
1
'
-
'
.
•
Split Approved—•
£)ll£ir©S
■'
ri
-Under, the
close
of
•"}
terms
•••■*-'
of
5-•
o- .*■• • ,.*h *
stock
the
■
y
" l.
.
* •.
each holder of
split,
record
at the
on May 1, 1946, will receive four shares of stock for
currently held.—V. 163, p. 18|6l.
,f
Jy*"j
Drackett
Sutro & Co.
—rV. 163, p. 2155,
-
>
;
A
-rW?wj
tU
my, vaua
'
^
.
,
;;v
_
.
.
*
Taussig; Diy & Co., Inc.-
operating
1946
18,
-
Operating subsidiaries of—
Power & Light Co
l
Electric Power .& Light, Corp._.__
National Power :& Light C0.____
^ In
1927
wholly
owned
subsidiai*y»
in Ohio.
ucts
at
which
•
Theater
;
profits taxes. For the fiscal years ended Sept.
30, 1944, and 1945, such contributions amounted to. approximately 21%
ahd 15%, respectively.
For the four months ended Jan. 31, 1946, the
Soybean Division accounted for about 32y*% of the company's net
profit after provision for Federal income and excess profits taxes.
SUMMARY
OF
Net
sales.
sold
Warehousing and truck¬
ling
expense
Lab.
research
Adv.
&
Corn,
is.
57,679
116,133
278,469
294,523
680,023
166,133
408,723
175,673
655,462
351,651
96,204
613,287
256,110
$1,425,247
$943,579
40,559
174,663
63,946
219,408
841,272
548,946
$409,342
$330,687
•
President
Brandt,
New
of
Gross
,
profit
(net)
Fd. inc. & exc. prf tax.
•Net
profit
$264,006
•
The annual dividend
requirements
preferred ctock amount to $108,000.
.
on
for
issuance
of
the
stock
and
the
of
shares
two
new
common
stock
($1
par);
(2)
serial notes, due 1947-1951——
3%
notes,
4%
preferred stock (par $25)
(par $1)
due
1952-1961-
and
500,000 shs.
-
2,000,000 Shs.
Common, stock
*
,
revenues
$5,542,170
—
2,1Q1;653
4,489,409
NOTES—Company
has
of
$866,815
period
Other
Net
407,1:70
4,72.0,241.
in
>of
73,914
886,977
•
$1,466,013
div.
5,702,391
1946
1945
$290,493$65,660 *
$1.11 . _ $0.38 v
for- taxes.—V. 103f p. 1425;
j,,
,—
charges- and pwvisions
,
.
Inc.—Class A Stock Offered—Ed¬
Inc., New York on April 25 offered:
stock (par $1) at $5 per share.
organized in New York in March 1940 to *
trade-
sold, are THINC HAND CREME
,
,
.
V
'
,
.
;
'
^
'•
-
>
products named were acquired through the issuance of 60,000
of Class B- stock and a, cash consideration of $5-,OQOj plus in- r
ventoriqs at cost, on a royalty bqsis with a "buy out" privilege,
a
stated aggregate suni.
The royalties' on each product amount to 5
of •
net sales.
No minimum royalties are payable for 1946. After January "
The
-
$2,155,491 $18,955,175 $24,228,235
4,311,511
*5,338,440
329,921
3,797;522
287,705
*2)080,235;
170,238
170;238
2,042,856
2,224)635
1,587
2,220
16,440
18,856
278.546*
^
cos.———^
min.
to
ints.„_
income
$1,017,685
reducts.
income
Federal
.
$1,365,408 $ll,0l8,121t$12,334,793
of
Divs.
emerg.
pfd.
on
.parent
those
'
.
with
Fallv River Gas Works Co.—Earnings1
1946—Month—1945
Period End. Mar. 31—
$122,964
73,105
i
$113,308
64,824
1946—12 Mos.—1945
$1,249;552
732,024 :
10.915
7,587
205,026
$13,898
$}78,481:
"3,125
45,100
21,732
$24,797
6,333;
—_r„__
20,997
$17,436
7,361/"
Maintenance
$1,305,830
793,174
129,148
21,508
Operating 7 revenues-—_
O,peratjonv
—
$23,024.
$223,581
*
76,000
$229)147
~
105,116,,
204,996.
•
lend
oper." revenues—!
income (net)
Net
Non-oper.
$207,415
'
Balance
Retirement
accrlS—
res.
; Gross
income——-——
Inter,est
.
"
6,333
v.
105..
76,000$153,147.
$147,581
$16,690
$18,464
178.
charges--*——-
k,
,
Net
incomei—'^—
.
1
$18,286
declared
'
$16,584.
$140OO<
119,126
.
2,31s;
$150,829J
112/508.
-^V^ieL-p. 1725;-:,
PURPOSE—Company will receive from the sale of the 4% preferred
approximately $2,557,000: Company, intends, to use this money,
part to redeem its debentures and 5% preferred stock. The balance
qI $145,000 will be applied to general corporate purposes.
Stock
in
Co.,
with
from the sale of the 4% preferred
p.
2156.
"
A
*120,000 shares
Frost, for 22 years, connected, wiih. the. J. L. Hudson Co.
Mich., has been "elected a Vice-President of Federated De¬
partment stores; inc.
Fred Lazarus. Jr., President, on April ?4 stated;
"Mr. Frost will' concern himself primarily with- the survey and anal- ',
ysis of various properties whose acquisition may be under considera¬
tion; by- Federated irr connection with its expansion program*
His
Owen
,
"
*
,
PRESENT
7?!]-
.
•**,
•
Issued
:
»180;000 shs.. .; /• c
i 180,000 shs.
60,000 shs.
reserved for exercise of warrants.
-
.
'
+
divi¬
additional earnings declared as dividends shall- be. divided-pro- among the outstanding shares of Class. A, and-Class B, share ai>d •
aliHe: < Hpon the dissolution of the corporation or a distributipn
of assets, the outstanding Class A stock shall receive $5 per share N
before any amount shall be paid on the Class B stock- and the Class- B
stock; shall be entitled to receive alLof the retraining • assets.
AJ11
voting, rights shall reside in the Class "B stock except upon suspension '
of1 dividends ori the Class A stock for a period of three years. Neither
class of stock has any preemptive rights.
'
any
rata
share*
WARRANTS—Company is to deliver
Co., Inc.
share of Class: A stqcfc
total-$293.40, and on. 6Q,0QC V
to Edward R. Parker
or* its nominee- one purchase, warrant for; each
soldi at a price of % cent per warrant, to
warrants, to. be. issued to
per
the management, the company
warrant share totaling,
$300.
the public
fifth
will* receive,
be/
The purchase ,warrants.may
exercised, during the period beginning one year
following the filing of the letter of* notification,
afte? tthe^fifth:' day t
in/ connection. »with«;
offering of this issue and terminating; five>yearsuafter
filing of; letter of notification? ajti$3i-per
Class A stock so purchased.* > i.m
;
:
the-'
day following such,
to the company of
used to expand 'the sales of prod¬
sampling, display, and other means; to ac¬
PURPOSE—Net proceeds are to be
advertising,
ucts. through
fee; ot*b •
exer-^r:
quire finished and other inventories; to pay an acquisition
$5,000, the cost, of'the royalty agreements, and may be used to
cise the "buy out" privilege of any one or all" of its present products. t
TRANSFER
York
17,
N.
additional proven products as opportunity is
AGENT—Company's office at, 11 East 44th
Y.
afforded.'
St., N.ew
*
C.
Froedtert Grain Si, Malting Co.—New
of Detroit,
•
..
stock shall receive, in each fiscal year out of earnings
corporation declared as dividends by the board of directors, noncumulative dividends of 300 per share on the outstanding Class A stock
before any dividends a-re paid upon the Class B stock.- After payment ,
of 30fi per share to such Class A stock, the Class B stock may there¬
upon- receive in such- fiscal year out of earnings of- the company
dends not in excess of 30^ per share on the outstanding Class B stock After payment of such dividends to the Class A and Class B stock,
and* to. acquire
Stores* Inc»r—New Vice-Pres.—
.
The Class A
"
Federated Department
..
of the
net
163,
company's 4%
,
'
Light & Traction Gov—Sale Approvedr—
,
will supplement
.
GIVING EFFECT TO
OFFERING
stock ($1.00. par value):—;
Class B stock (100 par value),
——
Class
'
Federal
'
■
Authorized
■
\Cri 1»5'76
"
Dividends
'
sold by the Company.
2,164,472
2,119,092
(1)
Federal income, taxes, apd (2). $3,133,823 in priom period representing *
pro
rata, amount of book loss on sale of transportation property in 1944 which because of ^rite-downs in prior y.eara is $2,585,35?. less>
than
the
pro
rata reduction in Federal taxes resulting from such
sale, tlncluding $2,585,357 prp, rata amount of tax reduction, resulting
from sale of transportation property, in excess of related book loss '
in 1944.—V. 163, p. 1862.
Taxes
now
? > /" . .
time to time, and on sub¬
basis, acquire* other, products which
•
$2,080,235 (prior period $2,204,617) repre¬
senting pro. ,rata, amount of those portions- of premiums and expenses
on redemption of bonds which are equivalerit to resulting reduction in
of
expected that the company will from
CAPITALIZATION BEFORE
of
—1
charges
out" price on THINC
on K-D KONES the «
royalty payments are $2,000 per* year. * The "buy
HAND -CREME, and CHAFIX is $50,000 on each;
"buy out" price is $25,000.
-r
;
^
,
It fs
579,110
payments are. $4,000 per year each on
CHAFIX on K-D KONES the minimum
l, 1947/ minimum
royalty
THINC 'HAND'CREME and
stantially similar*
facih
stock
company
^Special
at
%'
in
taxes
through allowance for
^
amort,
_
$1,468,055
amortiz-.—
preferred
stock- and common- stock are, respectively, the. Fifth Third Union Trust,
Co., Cincinnati, Ohio, and the Central Trust Co., Cincinnati, Ohio.
-
Co.—Earnings—
75% of the new capital '
owns no plants, or pro-; .
direct labor.
The products are
order."
76,845
Br215,794
4,283
requirements
Extraord.'
.
'rm\
5,960 '
duction facilities, therefore, has no
manufactured fof~.tbe: Company- by* private, laboratories, from private
fornrulae, atid are shipped by the laboratories upon the company's
3,362,784
5,008,333
The- stockholders, on April 24L authorized- the directors to sell- and.
dispose of the 147,000 shares of common stock of the Tucson Gas, Elec¬
tric Light1 & Power. Co. owned by Federal Light it Traction Ca.—V.
balance of $145,000, accruing
6,538
3,269-
popular--prices,
arid- payees to- the- re¬
spective, notes, .the 2% serial notes and the 3%. notes are substantially^
identical and. contain substantially, identical: covenants!
Company expects to effect from Metropolitan Life Insurance
and two banks, loans aggregating $2,500,000;
This money, along
2,980
& struc¬
equipment) _
(way
&
these, are ..proven and seasoned
products which- have been on the market for a number of. years, at
$2,159,775 $19,170,970 $24,151,389
2,041
(net)
—
and-
subsid.
;Net
Except fpr the. amounts, dates, interest rates,
:
$14,767
•The three products; presently being
—CHAFIX and K-D, KONES,. All of
-778,798
4,229,740
420,925
450,662
712,720.
revenues
income
Applic.
•
account of
where-* premium is paid against future required
* r,r. ' " :
:. v—
the
$10,616
QOMPANY—Company was
prior
Balhnoe
quarter of 1% each year, the company to receive credit on
agent and registrar for
$13,651
expand the markets arid distribution of its popular-priced,
m'arked consumer specialties in the drug and cosmetic industries.
5,599,500
449,359
oper.
Interest
,
The. transfer
4,519
$6,095
—
company expects that approximately
will be used to expand sales.... The company
———
Special charges
be evidenced by its 3% notes. Company ex- '
pects.to effect such, loan on. June 1, 1946, so. that- the^ notes will become
duov On June 1, 1961.*
Company is obligated txx pay., off $150,000 of •
notes each
year.
Company has - the ' option, of ' prepaying without
premium an additional $150,000 each year on. ar noncumulatiye^.basis,
the company not being entitled to receive .credit on the. annually.iire-•
duired payments of $150-,000 a year on account iofisucii optional - pay.- 'i
rnqnts. In addition, the company may prepay any amount in muRiplsa
qf not less than $50,COO by payment of a premi-um commencing at.i.4% •
if' prepaying'
effected on or- before June 1,. 1947, and, scaling, ona* i
.suchi:prepayinent
payments.
$19,286
4,519
if
shares
the* company $1,750,000 to
«ny
$15,135
2,260
.The
taxes
Other
entered
similar
$15,911
2,260
chgs.
debtinterest—
58,680 shares, of. Class A
•
Fifth Third Union Trust* Co.,-Cincinnati,
Company has also entered Into a substantially
agreement
Metropolitan Life Insurance Co., whereby that company agrees to
$8,350
fixed
Frailey Industries,
4,979,567-
73,914
1—
278,711
397,493;
—
_
i-o
341,016
Amort, of plant acquis.
adjustments
Federal inc. taxes (after
extraordinary reducts.
,
into an agreement with
and Bankers Trust Co., New"
York, whereby each of the banks agrees to lend the company $375,000
<an aggregate of $750,000), such loans to be evidenced by the com¬
pany's 2% serial notes payable af-rate? of .$75,000 per year "to each
bank.
Company expects to complete such transactions and effect sfoid
loans on Junfe 1, 1946, so that the notes will become due annually com¬
mencing June 1, 1947, the last payment to be June l, 1951.
SELL
TO
2.226
3,920
;
1,960
2,8.75
518,850.
funded
^After* all
1946—12 Mos.—1945
$5,89.7,701. $63,445,715 $72,715,614
2,106,541
24,940,042
28,141,183
1946—Month—1945
31—
Depreciation,
$750,000
,
1,750,000 108,000 shs.
705,960 shs.
1,750,000
—
:
978
$21,034
3,024
$25,432
1,454
1,439
Fprt WMns Corrugated Paper
Engineers Public Service Co., Inc. ($ Subs.)—Earns.
Outstanding
$750,000
144-
.
$11,247
—
Quarters Ended-March 31—
earnings,
—
Earnings per common share.—
•
•
- •
•
Period End, Jab-
issuance
changing
company of loans from Fifth Third Union Trust Co., Cincinnati, and
Bankers Trust Co., N, Y., in the aggregate amount of $750,000 evidenced
by the company's 2% serial"notes, due 1947-51, and the effecting by-the
company of a loan from Metropolitan Life Insurance Co., in the priricipal amount of $1,750,000 evidenced by the company's 3% notes, due
1952-61, and (3) the redemption of its 5% 15 year sinking fund de¬
bentures and its 5% preferred stock, Series A, the, funded debt arid
capitalization of the company will be as follows:
2%
$24*741'
ward R. Parker Co.,
$1) into
the effecting by the
Authorized
$20,890
652
"Net
-
Pfds>
preferred
$18,197
Orl9
charges,—
after
on
tures
has appropriateod $2;000,000 for improvements to its
those of H. C. Capwell Co., a subsidiary.—V. 162,
company
properties
3071,.
$329,952"
and sale of the 108,000 shares of 4% preferred stock and the
of each share of presently outstanding common stock (par
$11,266
.
--V. 163, p. 1565.
P.
the 108,000 shares of new 4%
CAPITALIZATION—After giving effect to (1) the recapitalization of
the company, which became effective April 15, 1946, including the
authorization
income
income.
Depreci
Independent
York.
"
Other, deduc.
$29,333;
4,592
Net income
-
$807,188
23,755
453,481
exp
selling, expenseadm. expense-
of
•
•
The
3,972,453
$523,973
&
shares.
•
$5,802,921
64;694
$25,494
-4>604
contingent
that of the 90,000 warrants attached to former
stock, 89,831 had been exercised as of Jan.
the total outstanding common stock to 502,234
increasing
1946,
Maintenance
73,007
N.
Harry
Operation
26,944
—
Irit.
series A preference
Operating
$5,042,163 $12,929,090
3,914)457
10,063,621
Cost of goods
31,
—Years Ended Sept. 20
1943
11945
Jan. 31 '46
3,104
deductions
fixed
Total
The- company reports
4.'/2%
EARNINGS
4Mos. End,
Total
Miscell.
Emporium CapwoII Go.—Warrants Exercised—
:
for soybeans during-such period,
The
of the company commenced operations during thefiscal year ended Sept. 30, 1941, and/ during the development period of,,
the first two years, the company, lost money on its soybean business.
For the- fiscal year ended Sept. 30, 1943, the. Soybean Division con¬
tributed about 7Mt.% of the net profit of the company after deducting
Division
excess
by
Association
Owners
-a-i"" iu—4
j
$21,302
/
high prices prevailing
Federal income and
headed
is
7,227
—
-
3,024
oper.
income
Other
"
.,12iO0(K
8,006
7,616
'J'..1
'
$43,561
$.41,111.
,
$14,291,
Net. ry.
Pet.
14.6
21,4
7.6
Amount
25,855
15,335
7,927
1945
177,651
71,590
104,372
■
Weisipann,' Chairman of the board of Aetna Industrial
Corp., which operates a large number of industrial companies, has
been elected a
director and a member of the executive committee,
-
\
W.
Walter
Soybean
Net
—
Empire Airlines, Inc.—New Director—
•
3,677
>
5156,521
107,961 •
-
income^,
'-,2—.-—
oper,
rents-'^
Inc.
Company- classifies its products into two groups, namely, household
and bulk chemical products and soybean prodiictts.
The production
and sale of the former has been the company's principal business for
oVer 25 years and the latter is a. development of the last five years, air
though experimentation, and study thereof commenced-more than a decade ago.
The volume of the company's sales increased considerably
during the war years because of the Increased volume of soybean prod;
i
accruals
tax,
6;
i;0CO
3 ,426
4,000
taxes—
income
$30,727
$21,960
fr. ry, opers.
Ry.
not include
do
expenses——
ry.
1946—2 RJos,—1945
$152,891111,780.
•
.
w
and
week •
,
incorporated
was
-
1946 ~
151,796
50,255
96,445
oper.
Other
the System inputs of any com¬
panies not appearing in both periods.—V. 163, p, 2156.
figures
•The-above
products.
a
of
—Decrease
•
...
,
American
,
RR.;—Earnings-—
.
_
T-
-kilowatt-hours):
during 1945 were. as. follows (in thousands of
The name of the company was chqnged to the." Dracket
Chemical Co., in 1922 and changed to- the Drackett Co. in 1933. The
Ry,
Federal
inputs
Systfeift
Co., Electric Power & Light Corp.
National Power & Light. Co., as compared with the corresponding
-
revenues.
-Net rev.
it. Light
Power
American
of
_
as
D.racketJt Products Co.,
thq
ope'r;
admitted td' dealings ' •
on-April 22.—V, 163, p. 1425,
1946—Month—1945
$75,848. 581,581
53,88050,854
Period End, Feb, 28—
Ry,
client"
companies of Ebasco Services Inc., which are subsidiaries .
April
.
v
Capitalization ;
N,. Y. Curb—
on
value- common stock was
the New York Curb Exchange
on
1,000
Fonda Johnstown & Gloversyille
ended
week
the
For
selling agent for chemical manufacturers. Sub¬
sequently, the company began manufacturing chemicals, the. principals
products being ep'som salt and lye! By 1922, the sale of bulk chemicals
for other manufacture: j
was largely discontinued,
and the company confined its efforts principally to the manufacture arid sale of its own
users,
"The company's' 51 par
1,000
■
.Ebaspoi Services Die*—Weekly Input—
BUSINESS—Company was incorporated as P. W. Dracket & Sons
Co. in Ohio in 1915, to take over the business of a partnership orgknizect in 1910, which was that of distributing a line of bulk chemicals
to industrial
Straus te Blosser
-
Calif.)
inc.—Listed
(M. ID Fishman Co.,
1,000 '
L500
1,000
thqir annual, meeting, voted to. cancel 1805
shqres of preferred, stqck. heljj in the. treasury.-t-V; 159> p. 1759.
•Cumulative-dividends at the rate of 51 per share per annum, pay-^3
able quarterly Feb., May, Aug., arid Nov. 15.
Redeemable at any time
whole or In-* part 45 days! notice, at $26.50 per share, plus djivs. Convertible at the option of the holder into one share of compion
Stock. ■* Wr ' " ; "
;
■
•
^
" .'
.
■■
•_ ,
.
1,000
at;
stockholders
; The
.
:
.'/the stockholders on April 8, appfo.v.ed
commcn*stcck, Rqr $5, from 250,000 shares
tq. change the, name of the company to MiJliron'.
&
Schaefer-
W.
Herbert
Eastern Steamship Lines, Inc.—Reduces
headed by Van Alstyne, Noel & Co. and •Field1,
Richards &, Co. at $25 a share. The issue has been overgroup
subscribed.
1,000;
1,000:
:
~
stock,—V. 163, p; 1282.
creased, and Name Changed,—
UHUt?L W I AUUg
Ctll
XTi^l AX - 4*4*
1,000:
F; £u Putnam & Co., IncWm. C. Roney & Co-
•
2,000"
Ames, Exnerlch & Co., Inc.
'
""
■
(Lor Angles,
Fifth Street Stare
.
1,000,;
2,000
r
"
3
106- shares Of 550 par "preferred
'
and
1,000.;
2!oOQ
Westheimert-and-
Cq.—Preferred Stock Offered—An issue of
1,000 "
Nelson, Browning ^CQ,t~
The Ohio Company
Pltmqrv it. Co., Inc..w—
Newburger & Hano
Starkweather & -Co._^_—'
business
each shqre
1,000 "
rneV--------^-——'—•
G. Edwards and Sons
Berwyn T. Moore & Co.,
,
1,000
Mead,. Irvine & Co.
2,500,
2,Q0Q
2,000
Co
«&
"
1,000
McAlister,
.
&s'
Hutton
Inc.
\
April 16 approved an. increase of the authorized
51 par common stock; from 300000* shares to 500,000 shares and f*
'
issuance of a maximum of 25,265 shares to acquire the stock, of Tuttasu-^'ic Klft, Inc. of Chicago, 111., on the basis of: 25 shares of Ferro Enamel.
.
,
stock fqr each share, of Tattle is Kift common and 2tb shares of, Ferro
Enamel stock for each share of Tuttle ic Kift preferred, stock. The. plan.:
I
is conditional upon the company obtaining not less than 80% of each
Lattet?i^;v^'"-'1
clasS of stock of Tuttle & Kiffe outstanding at April- 16, 1946,
I
had authorized and outstanding 1,000 shares qf $1 par common stock
"
"
1
'
- -
1.000 ;
Scott & CO.
—
Rice &, Co.—
Smith &; Pate,
Irving J,
Increased—Acquisition—'
Enamel Corp.—Stock
Ferro
1,000
Chicago
Grubbs,
4,000
2,sop
,
Bradford
C.
of
■
The stockholders on
,
1,000
Co.——
Emmanuel, Deetjen & Co.
First Securities Co.,'
5.00Q
5.000
A-.
V.i••'-jf-*.\
!y_j .j
y-
J.
No. of shs.
'
Dempsey &
5.000
"
•Pomeroy,
on
V'•v
•
-
•
.
Schoellkopf,
Schoellkopf,
April 23 approved the split of the outstanding
shares qf common stock on a four-for-one basis, and also voted to
increase the authorized capital stock from 1,000,000 shares to 5,000,000
i'
Inc.
Co.y
Dooiittie,
'Cos
J
.
.
Hill, Richards & Co,
Johnston, Lemon & Co._i
Jphnson, Lane, Space and
-
...
DWG. Cigar Corp.—Proposed New Name—
f
12,000
6,500 *
- 5.800
S.OOQr
Field; Richards. if Co
Br. S< Dickson it Qo., Inc.!
E; Wv Clucas.& Co
'
'
Buckley Brothers :
1,000;
Butqher. &• Sherrert}-——
1,000
Coburn & Middlebrook-"- ' v l.OQOjr
S. K. Cunningham & Co.,
Van Alstyne, Noel &.Co—
The
•-
_
:
.f;*;!,x 1
organization,*^
present Federated units. Include the, Wm. Filene's Bona'Co. Of
Boston, Bloomingdale Brothers, Inc., of New York; Abraham & Straus"
of Brooklyn, F. & R. Lazarus &• Co. of Columbus. Ohio;
the John ,?
Shillito Co; o| Cincinnati .Ohio, and Foley Brothers Dry Goods Co. of'
Houston, Texas.—V. ^ 163, p. 1725,
^
' 1
The
UNDERWRITERS—Tjbe napies of the underwriters and. the respective
number of shares of stock to be purchased by each of them are as fol¬
*
'
strong,-central1
expansion p
operations, 1945-1946, $154,000; new equipment and
ApJd^#
of, 25,000 shares of iVa^ preferred, stock, par $100,
into common stock, and redeemable at Slop:
policy of building up e
appointment is another step inN Federated'®
.
\ which will be convertible
i*
flit
;; •:
stock,after providing for.the paymqnt,.Qf fhq debentyr/es and 5%,:.
preferred: stock will, make an. aggregate" of; approximately $2,645,QQQ*
which :the .vuiuynuy , ^icociiwjf CA^cuvav^ use as follows;: Fqp present;\
w«u»M'WW5
company presently expects ta
^
New Preferred. Stock,
v
J* f1
&.".f
&ijfr;*>
*
2291
FINANCIAL CHRONICA
THE COMMERCIAL &
Volume 163;; Number: 4485
Officers—
of the board and President, on April
17 announced the appointments of AloysiuS B. Hessburg as Assistant-'
Vice-President, Walter A. Dewitz as Assistant Secretary, and Lawrence
B»; Layold as Assistant Treasurer of the company.—V. 163, p. 1565*
1
Kurtia R, Froedtert, Chairman
,.
:•,' :,>;r
12
:.,
i'
HE
43 j--:-v■vV'-irw.'-isH'
4
f
'"'ly
'i
Gar Wood Industries, Inc.—Omits
v
Glen
1
of
General Electric
Two
new
Each
of
Co.—Announces New Publications—
publications
acteristics
receiving
127,200
(ETR-15 and ETR-16) on the essential Char¬
important ratings of General Electric and Ken-Rad
and
tubes
have
been
announced
by the company's tube division.
40-page publication, complete with characteristics and ratings
tube types, will be helpful to radio
servicemen, radio
and electronic engineers who work or
experiment om re¬
tubes.t? These technical and descriptive data will also be of
receiving
technicians
ceiving
assistance
;The
.
in
the
design of electronic circuits.
brochures
new
have
been
divided
four
sections:
(1)
the
interpretation of ratings and technical data; (2) recommended
types;
(3) characteristics and ratings; (4) outline
drawings and basing Con¬
nections of the tube
types.
,
A
coin-operated
for
for
hotel
quarter—is the latest
American public.
a
to the
The
the
radio
radios
new
General
install
are
Electric
them
in
electronic
set
operates
development
manufactured
to
be
introduced
for
Radio-Matic
Syracuse, N. Y., by
America, Inc., who will
of
reached,
hotels
over
The Radio-Matic Co.
for
over
has announced
50,000 sets.—V.
163, p.
that 350 hotels have
contracted
2006.
General Instrument
corporation
and
Corp.—Backlog at New High—
its
subsidiaries
report
Based
General Motors
has
construction
been
placed
and
work
is
under
now
way.
In the
aggregate, the expansion in working area will amount to
approximately 50%, Mr. Dean advised, providing an increase in
pro¬
of essentially the same amount,—V.
163. p. 2156.
duction
General Public Utilities
The
Corp.—Weekly Output—
electric
output of this corporation for the week ended
April
1946 amounted to 119,105,164 kwh., a decrease of
1,311,193 kwh.,
when compared with the
corresponding week of 1945. For
week ended April 12,
1946, electric production totaled 119,928,708
kwh., an increase of 327,304 kwh., or
0.3%, over the same period
last year.—V. 163, p. 2006.
•
•
••
19,
or
1.1%,
the
directors
have
voted
to
call
of
Gillette Safety Razor Co.
31—
(& Subs.)
1946
Operating profit
Depreciation
-Earnings—
1945
1944
other
$3,529,774
$2,910,076
$2,620,476
87,002
79.961
48,963
48,279
3,118,057
2,561,066
& foreign
income
& exc. profs, tax., etc.
Net profit
■'Earns, per
t$2,677,323
share
com.
1,966,961
$888,747
$0.27
$1.16
both
$0.24
."On
1,998,769 common shares.
tReflects non-recurring income of
$257,049 representing income arising from release
of
foreign funds
previously blocked because of war conditions.:—V.
163, p. 1727.
of
Graham-Paige Motors Corp. — Debentures Offered—A
new issue of
$11,500,000 4% convertible debentures, due
April 1,1956 was offered April 22 by Allen &
Co., as sole
underwriter, at par and accrued interest.
Dated
is
April l,
convertible,
HISTORY
Sept. 28,
to
190.9
renewed
of
these
It- is
not
such
convers.on
price,
into
76,923
has
expires
on
for
The
Sept. 27,
1969.
plant
two
may
be
used
that
in
the
of
a a'
be
farm
affiliated
Frazer
Automobile
iri
to
equipment.
no
wlX; be
to
connection
with
corporation
the
corporation's
presently
as
Prior
parts
to
sales
of
the
and
war,
sale
therefor.
result
from
the
of
corporation engaged in
automobiles and tractors
During
the
corporation's
approximately
v
During
engine,
'
the
gun
the
production,
and
of
dis¬
replacement
period from 1925 through
1940,
automobile business ranged from a
high
.
a
low
the
of
made
with
business
,
various
service
W.
outlets
to
has
plant
and
entered
effect
Chairman
of
also
are
of
be
from
officers
Reconstruction
the
manufacture
Long
in
the
utilized
The
allocated
the
rental
on
fair
a
manufacture
and
other
and
in
equitable
the
actual
plans
7%
EFFECT TO
pfd. stock (par $100)
pfd. stock A (par $50)
conv.
pfd.
Stock
stock
(par
"Stockholders
(par
taps
and
to
stock
common
National
credit
a
to
was
None
"12,939 shs.
1,343 shs.
166,126 shs.
of the
of
4,612,609 shs.
which
but
were
unissued
on
prior to March
or
1946
Trust
the
and
agreement
shares
5%
convertible
corporation
for
15,
contractors
and
with
Defense
&
used
to
to
Savings Association
two
As
this
from
Bank
of
$2,500,000,
pursuant
such
INCOME
will
of
be
approximately
such
net
$10,969,600.
proceeds,
$2,500,000
of
Cost
the
of
the
corporation
net
presently
proceeds
will
YEARS
ENDED
etc
sales
Selling, gen. and admin,
Profit
from
income
Cash
to
purchase,
on
and
premises—
purchases
estimates
that
DEC.
Prov.
•
70
Gross
52,073
27,376
17,197
43,289
Net
—J.
income
BALANCE
347,490
and
miscellaneous
reserves
1,187,126
amort,
and
expense
tem,
Net
—V.
$1,030,571
Net
Net
ry.
$1,615,410
$1,174,018
Gross
$2,553,003;' property,
accounts,
common
surplus,
plant and
$4,021,-
of
from,
employees
for
cumulative
pr$ft(Jffi;ock,
$51,914;
$975,887; indebtedness to wholly o\yned subsidiary
$2,000; 5% cumulative preferred stock A (par $50), $67,150;
preferred stock, cumulative
(par ; $25), $4,153,150;
stock (par $1), $4,512,609;
capital surplus, $1,285^321; earned
$1,832,177; commission and expenses in connection with sale
convertible preferred stock, Dr$383,735; total, $14,078,261,
corporation's
assembly
line
production
plant at Willow
Joseph W.
The
new
Run,
is
Rototlller
about
now
four
farm
88,632
$516,075
83,958
83,285
7,152
8,112
discount,
premium
of subsidiaries
of
debt
discount,
Greenwich
premium
Water
Sys¬
225,348
225,889
$184,694
;
$198,788
3073.
RR.—Earnings—
1946
1945
1944
1943
$3,258,374
$3,320,730
$3)274,113
$3,440,671
77,132
"199,305
1,151,757
1,165,700
1,471,100
376,593
433,429
464,631
8,934,900
9,267,241
9,098,840
9,747,798
1,429,322
3,089,568
2,964,388
3,952,111
275,646
railway
railway
1,023,855
1,115,557
1,362,271
income—
oper.
Net
railway
railway
from
Net
ry.
weeks
being produced
at
163, p. 2006.
(M. A.) Hanna Co.—Income Account—
Period—
Quarter End. March 31
1946
inc.
after
on
Fed.
and
before
taxes
on
Vhj/i'l'v.
$1,518,797
'
income (est.)—
"
328,236
344,105
3,058,578
$1,550,534
529,915
taxes
"\Vv'
Net profit before
1945
$9,251,635
25.625,,, 97,187
23,759
_
depletion
Federal
Cal. Year
1945
$1,902,521
all
charges
long-term debt
Depreciation
$1,149,066
$6,095,868
302,069
■
ihinority int...
11
1,197,902
i
Minority,' interesta^J.>JUili«4.i.W_-
$1,020,619
'
148
$846,997;
j
$1,020,471
$846',"^S
Nefe profit
PfKfc dividends paid .tfiMhg period—
Uommon dividends^il'Jil
Earnings
MV. 163,
per
p.
common
101,469
$4,897,968
84,022
$4,813,944,
106,250, ei, 425,821
257,616
"253,9371
$0.89
$0.73'
share—
1,980,915
.
$4.26
1427.
>
Harrisburg Gas Co.—Bonds
Offered—White; Weld &
associates on April 25 offered to The
public
$2,200,000 first mortgage bonds, 2% % series, due 1971,
at a price' of 102.689 and interest from
May 1, to yield
2.48% to maturity.
;
Co, and
; The
ago
income—.
oper.
"Deficit.—V.
securities were
102.03%.
machine,
at
the
which
the
went
former
rate
Frazer, .President, announced.
'
of the
Rototiller, Mr. Frazer added,
production
88,903
preferred
Farm Machine Production
Up—
The
744,050
•_
of
from
Profit
convertible
of 5 ^
1944
$1,348,763
748,092
taxes—
—
p.
from
&
and
(& Subs.)—Earnings—
Inc.
from
Bank
presentation
2206.
retirements
March—
Gross
Net
for depreciation and amortization
$23,767;
liability for funds withheld
Federal taxes, $36,812; dividend
payable on 5%
stock A*, $839;
dividend payable on 5% .conv,
company,
debt
etc.,
income
162,
Hanover
upon
p.
1945
and
813,078
842,061
549), $2,457,111; deferred charges, $810,763; total,
$|4;078,261.; .
XiIABTLITIES—Accounts payable (trade),. $876,454; ovjendors' claims *
resulting from terminations of war contracts,
$543,93,6^jO.ther accounts;
accrued
Central
$501,153
and
SHEET, DEC. 31, 1945
receivables,
depreciation and
(net)
68,167
ASSETS—Cash
equipment (after
the
at
$1,338,149
Interest
41,851
36,355
on
hand
and
demand
deposits, $4,341,424; U. S.
Treasury notes, series C at cost, $40,000; accounts
receivable, $3,674,563; inventories, at cost, $99,223; prepaid expenses,
$102,174; invest¬
ments
made
maintenance
amort,
of
and expense,
interest
$2,028,947
140,000
taxes
be
New York, N. Y„
certificates.—V. 163,
26,745
$3,992,088
2,700
Stock for Redemption—
income
(net)
Dr3,761
640,000
Income
2,§50
Co.
From Jan. 1—
780,920
Excess profits tax
2,700
Riter &
7,200
will
stock
expenses,
for
Interest,
$1,910,419
20,242
charges
underwriter
Doolittle, Schoellkopf & Co.
Whiting, Weeks & Stubbs
13,550
Gulf Mobile & Ohio
machinery
income
Income
each
name.
Broadway,
said
Minority
1943
13,039
of
(net)
Miscellaneous income
which
its
earnings
Gross
31
$3,842,173
manu¬
No. of shs.
18,191
1
payment
of
Operating
be
$2,591,492
on
disposals
Geometric
the
Co.,
Gross
such
62,837
34,861
equipment
shares
of
opposite
Greenwich Water System, Inc.
thereof
for
1944
$2,460,510
leased
number
appears
12 Months Ended Dec. 31—
Con¬
$41,270,284 $39 654,166 $20,601,469
37,394,713
35,011,438 ' 18,277,938
1,415,060
800,554
413,111
operations
from
discounts
Profit
expenses
The
"high speed steels."
1946, the corporation's unfilled orders amounted to
approximately the same as the corporation's backlog
Company
surrender
maintenance,
overhead
and
salaries.
The
funds, together with the! present working
capital
be available for working
capital and, pending
thereof, for general corporate purposes.
STATEMENT,
of
is
28,
or
Immediate
Trust
will
sales, less returns,
Of
30,000 shs.
outstanding shares of $6 preferred stock have been called
redemption on May 31, 1946, at $105 per share and dividends.
Savings Association.
note,
1945
Gross
$945,000
BUSINESS—The
Calls $6 Preferred
All
for
inventories,
of
corporation,
specific application
be
from
Feb.
Shields &
of
expended in
with the production of the
Frazer automobile at Willow
as
follows: $3,500,000 for
special tools, dies, jigs and fixtures;
$2,500,000 for machinery and
equipment; and $2,000,000 for expenses
and charges of the
corporation alone prior to production,
including
parts
and
inventories for
the
Frazer
automobile, farm
equipment
and
will
Outstanding
$1,000,000
30,000 shs.
Tucker, Anthony & Co
Hornblower & Weeks
with
$3,000,000
the
$900,000)
funds as may be
1946, of 9,000 shares
share.
par)
UNDERWRITERS—The
Run
remainder
(approximately
treasury
additional
metal-cutting tools
"perishable" variety. The tools produced
by the corporation are
basic types, those manufactured from
carbon steel and those
has agreed
1946
connection
of
Exchange.
the termination of hostilities after
giving effect to cancellations
which the corporation deems
attributable to the cessation of hostilities.
'
of
.
listing
1,
upon
conversion
pay
in full the note of the corporation
of America National
Trust and
Baiik
payment
proceeds
such
,
the
engaged in the designing, development,
distribution of gages and precision
and
$1,793,067,
preferred stock.
borrowed
of
30
will
be
into
bomber
a
day,
awarded
to
the
grout)
April 23 on their bid of
Six other
bids, each naming a similar coupon, were received
They were: Blyth & Co., Inc., 101.71; Kidder, Peabody &
Co., 101.6199; Mellon Securities Corp., 101.5199; Shields & Co., 101.51;
Harris, Hall'Ar Co. - (Inc.), 101.055; and
at
the
sale.
Halsey,
100.079.
,
Stuart, & Co.,
►
ally increased and is expected to reach
the rate of 125
a
gradu¬
day within
>
York.
New
.v
for
No. of shs.
reserved
agreement.
be
Co.,
dated Jan. 1, 1945, payable to the order of Mutual Life
New York, is presently held
by that company and is
manufactured
evidenced
approximately
2
net
with
corporation
facture
stock.
PURPOSEj-Net proceeds
currently with the receipt
will
Trust
Co.
The
corporation from the sale of the debentures now offered
Will
utilized immediately to
pay such note in full and terminate such
credit
and
the New York Stock
on
the
be
Bank
stock
Tool
such bank,
dated Nov. 29,
1945.
Such
by the promissory note of the corporation,
bearing
interest at 3V2 % per
annum, payable quarterly,' and with the prin¬
cipal amount thereof payable as follows:
$1,000,000 in equal quarterly
instalments commencing Jan.
2, 1947, and $1,500,000 in equal quar¬
terly instalments commencing Jan. 2,
1948.
Part of the proceeds
loan
Hanover
Geometric Tool Co. of New
Haven, Conn., the products of which
the corporation's
existing products. This subsidiary was
Nov. 30,
1944 pursuant to an offer,
dated Nov. 6, 1944,
whereby the corporation purchased all of the
outstanding shares (except
director's qualifying shares) of the common
Outstanding
$11,500,000
"300,000 shs.
t6,000,000 shs.
$25)
convertible debentures and
2,
■'
.
complement
be
authorized
Jan.
quarterly.
stock, payable
1727.
p.
corporation was organized in Massa¬
1912, succeeding to the business of Wiley and Russell
of Wells Brothers Co.,
early producers of
and dies, which began business in
Greenfield, Mass., in 1872
1876, respectively. Corporation has but one active
subsidiary,
The
on
preferred
into
11,382,994
Central
(no
HISTORY
requested at a special (in lieu of the annual)
May 28, 1946 to reduce the authorized
capital
of the corporation
by eliminating therefrom (1). 314 unissued
shares of 7%
cumulative preferred stock, (2)
11,596 unissued shares
of 5%
cumulative preferred stock
A, and (3) 33,874 shares cf 5%
convertible
initial: regular
Die Corp.—Stock Offered—Under-
&
sinking fund note
stock
chusetts April
stock
converted
.
Manufacturing Co. and that
a
PRESENT FINANCING
<314 shs.
$1)
will
to be held
an
$2.25 preferred
acquired
cumul.
cum.
1,923,066
record May 4; 1946.—V.' 163*
Tap
together
unsecured.
plant.
debentures, due April 1, 1956 $11,500,000
5%
of
stock
common
"This Note,
Co.
Calif., for the assembly of its automobiles to
West.
Corporation has no present intention of
operation or in any other
proposal to manufacture
the automobiles of the
corporation elsewhere than in
Authorized
conv.
2,598,728
1,450,294
1727.
p.
on
April 22 declared
cents per share on the
agent
Insurance
Far
Run
589,161
8,396,000
Authorized
but
lease
501,402
8,993,000
2,278,122
"15-year 31/2%
between
to
581,703
Common
All other costs and charges
of automobiles will also be
corporations on a fair and equitable basis.
informed that Kaiser-Frazer
Beach,
the
163,
'
863,880
9,403,000
2,274,817
1,438,481
per
for
thereof
1943
$2,909,000
812,809
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING
produc¬
basis
use
1944
•
$3,105,000
969,304 "
necessary, to the redemption,, on or about May 1,
of $6 preferred stock
(no par) at $105
two
CAPITALIZATION, GIVING
4%
income
directors
of its
such
charges
1945
$3,432,000
1
,
then-
and
fixed
163,'
..
"451,102
railway
oper.
Transfer
if
it
so
elects,
require
capacity and facilities of the
for
received
were
said.—V.
■
Registrar, Chemical Bank & Trust Co.; New York.
LISTING—Corporation intends to make application
may,
productive
be
of
Frazer
7,535,000
"179,012
"857,499
or
of
equipment
Mr.
t
,
writers headed by Tucker,
Anthony & Co., on April 23
offered to the public 46,591 shares of common stock
(no
par) at $21.75 a share.
The issue has been oversub¬
scribed. :
■;
'V" ?■
'
this
Willow
4%
of
from
ry.
applied
use
1,
1—
Greenfield
Corp. its
contemplates
production
farm
April
"196,486
railway,
May 15 to holders
Finance
and
will be¬
cars
Grayson-Robinson Stores, Inc.—Initial Dividend—
into
directors
and
by
$2,832,000
—
income
oper.
from
The
President,
and certain
or
k
t
the line and the
1946
railway
dividend of 5614
and
joint operations agreement
Kaiser-Frazer will make joint
Corporation
shall
to
are
in
meeting
March—
railway
"Deficit.—V.
anticipated
Kaiser-Frazer,
the
automobiles.
assemble
the
distributors
PURPOSE—The
leased
corporations
at
and
ry.
Net
space,
facilities and
facilities^ In further¬
and
Frazer,
director
a
corporation
allocated between the
The corporation is
approximately
automobile
the corporation produced aircraft
engine, ' marine
torpedo parts and amphibious landing craft.
Lease
were
Kaiser-Frazer
order
payable,
war,
and
arrangements
,
conti¬
16-year
$64,000,000
in
1929
to
$2,500,000 in 1940, in July of which
year
was
discontinued. '
.
the
Corp., except that the
joint operations with said
^
;
the
of
of
Kaiser-Frazer
a
corporation.1
tribution
intends
to
in
the dis¬
engage in the production, distribution
be known as the
Frazer and of certain
These products of the
corporation will
with
way
produced
in
accordance with
taking into consideration such percentage.
in connection with
the joint production
j
the present time five
wholly-owned 'subsidiaries.
inactive during the war, but
prior to 1940 they
assembly, distribution and sale of automobiles.
at the present time to estimate
the extent to which
corporation .proposes
mechanized
5 <,*-
-
at
except
the
331/3 %
its
sold
and
From Jan.
Gross
Interest
ope thereof, Graham-Paige International Corp.,
.-pnu. sate of the corporation's products outside
Uriired-States. v
sale
ana
of
the
possible
and
automobiles.
Run
the
was
tribution
nental
shares
of the corporation.
now
of
plant,
to
up
of
the
organized in Michigan
the Paige Detroit Motor Car
Co.
Name was changed
January, 1»28, and in 1939 the corporate charter
business,
utilize
initial
that it
sub§id|armi
future
Interest payable April 1 and
of the 4% convertible debentures
Net
distribution
corporation
Kaiser-Frazer.
joining
of
from
from
these
sales, Kaiserapproximate
amount
of
administrative
corporation and
and its facilities in
tion
1956.
amount
were
,
utilized
were
April l,
BUSINESS—Corporation
as
so
Corporation
All
the
title
present
due
principal
(par $1),
AND
'
was
at
stock
common
-
1946;
Each $1,000
1.
and
that,
the
and
the
that
been placed on
,
Net
their
President
Run
respective
Net
Oct.
corporation
provides
$839,219
$0.27
of
Kaiser-Frazer
1,732,979
$894,152
the
parties,
policy,' Joseph
officers
parts
1943
$5,880,383
Fed.
this
become
After
the
outstanding $2.50 preferred
stock for redemption on
May 25, 1946, at $53.50 a share, plus accrued
dividends to date of redemption.—V.
163, p. 2156.
Quarter End. Mar.
conduct
amount
General Telephone Corp.—To Redeem Pfd.
Stock—
The
1945
which
both
equipment and of sales
ance
the
•
for
>
Grand Trunk Western
RR.—Earnings—
and Kaiser-Frazer
will,
respective businesses, follow, to the
extent
feasible, the general policy of
making joint use of personnel of Various
classes, of manufacturing and
in
America
The. electric output statistics
given
under
this
heading
in
the
"Commercial and Financial Chronicle" of
April 22, are those of General
Public Utilities Corp.—V.
163, pp. 2156 and 1284.
4-
20,
for
NOTE—On
General Public Service Corp.—Correction—
of
V»
a,n
-
Month
the
agreement
Common
In anticipation of
an
increased demand for Chevrolet
cars
and
trucks, the Chevrolet Grey iron Foundry, at
Saginaw, Mich., has com¬
pleted plans for an expansion of its
laciiities, it was announced on
April 21 by Hugh Dean, General
Manufacturing Manager of the cor¬
poration's Chevrolet Motor Division.
Contract for the
all
the
dealers
Net
! On Sept.
an
economies
5%
Corp.—Saginaw Plant Expanded—
in
-,
1727.
Gross
corporation or the Kaiser interests
at
any time
decide to dispose of their
holdings of Kaiser-Frazer stock, negotiations
for the sale thereof will
first be made with the
corporation or the
Kaiser interests, as the case
may be.']
,*
'"' '
on
present goihg rate, plus anticipated increases in
produc¬
tivity, the backlog is equivalent to
approximately ten months production,
he said, adding that
production is gradually being stepped
up to meet
the increased requirements of the
radio industry.—V. 163, p. 2006.
From
proceeds
'
•
have
either
be
backlog of business
on civilian products
totaling approximately $20,555,000 as of the past
month, the largest in the corporation's history,
according to A. Blumenkrantz, President.
a
share.
per
cash
»
Graham-Paige Frazer automobiles
from
P.
is informed that since
Sept. 20, 1945, the Kaiser
acquired an additional 120,000 shares
of Kaiser-Frazer
common
stock
at
the
offering price thereof, bringing their total
holdings to 370,000 shares.
The corporation and the
Kaiser interests
owning stock in Kaiser-Frazer have
announced, by resolution of their
respective boards of directors, that it is
their mutual present intention
that if
plant
This
$20.25
net
;
.
corporation
interests
that
in
at
received
The
'Monday, April 29, 19^
30
gin coming off next month.
rA total of
nearly half a billion dollars worth of advance orders lor
,
$54,405,000.
plant
hours
two
throughout the country. When peak production
8,000 hotel-room receivers a month will be built at
the division's Wolf
Strplant in Syracuse.
is
public
Willow
being
Co.
rooms—the
and
.v.."
Frazer automobile have
t>
,
'
} v,
KAISER-FRAZER CORP.—On Aug. 9,
and
President, acting on behalf
Henry J. Kaiser, acting on behalf of various
Chairman
shares
the
to
Frazer
^
tion..
WITH
Frazer,
corporation,
Willow
Making Coin-Operated Radios for Hotel Rooms—
;
W.
Kaiser
has
into
the
OPERATIONS
Joseph
the
•
Sgfl
days, only 25 short of the maximum single-shift produc-s
V;
"vV
At the same
time, Mr. Frazer revealed that first frames for the new.
the
V-J
interests, were instrumental in the formation
of Kaiser-Frazer
Corp."On Sept. 20, 1945, the corporation
purchased at $10 per share,
250,000 shares of the common stock
(par $1). of Kaiser-Frazer, and
certain of the Kaiser interests
purchased the same number of shares
at
the same price.
On Oct.
l, 1945, Kaiser-Frazer sold
1,700,000
shares of common stock to an
underwriting syndicate' for distribution
to the public at $10
per share,
and on Jan. 28, 1946 it
sold to the
same
syndicate an additional 1,800,000 of such
the common
42,400 share at $17 per share will become
options to purchase
shares at $5.66 2/3 per share. See
V. 163, p. 2006.
in
after
>
JOINT
connection
with the proposed three-for-one
proposed split-up of
shares, to be voted upon May 8, it is stated that
upon the
becoming effective the abovementioned options to purchase
engaged
termination.
of
VjCi*
next
the
corporation's war products
Day, and the corporation is
preparation of claims
arising from such
'
terminated
were
presently
*It Is announced that
during March, 1946, stock options to purchase
2,150 shares of common stock were exercised at $17
per share. Of these
Polly G. Kenefick acquired 2,000 shares and C. W.
Goodyear, Jr., 150
shares. Oh March 31, options to
purchase 42,400 chares of common
stock were
outstanding.
In
'
All
1945,
v
^_
..,
-v-1.
contracts
Gaylord Container Corp.—Stock Options Exercised—
split-up
V •
Plant Corp. to install the special
machinery and equipment necessary
for
the production thereof.
Common Dividend
A. Bassett,
President, on April 18, announced that the regular
quarterly dividend on the preferred stock was declared
by directors
at a meeting on that
date, and that no dividend was declared on the
common stock.» The
preferred dividend of 56'A cents is payable May
15 to holders of record
May a.
A distribution of 10 cents
per share was made on the common stock
on Feb.
15; last, And; on Feb. l, May; 15,. Aug. 15 and. Nov. 15, 1945.
Mr.
Bassett stated
that
the
company
has the largest backlog of
commercial orders for its hoists
and bodies, road machinery, heating
equipment and boats in its
history;
Despite this unprecedented demand for its
products, deliveries have been substantially curtailed due
to the shortage of materials and
parts resulting from the nation-wide
wave of
strikes, particularly those in the steel, ball bearing and automotive industries.—-V,
163, p, 1426.
os,
• "
f...
COMMERCIAL
Bonds are dated May" 1, 1946; due
May I, 1971.
May 1 and NOV. 1 in Harrisburg," Fa.
*
-
»-
Inc.,
■
•
.
,
vr.
iff«.
Interest payable
•
'
' '
ing 7% preferred stock and has altered its common stock capitalization.
With reference to its preferred stock, the company proposes to issue
tip to 5,000 shares of new 4'/a% preferred stock, cumulative (par $100),
The holders of the presently outstanding 5,000 shares of 7/'
preferred
stock are being offered the privilege, during the period April 24, 1946
to May 6, 1946, inclusive, of exchanging their present 7 fo preferred
stock for the new 4J/2% preferred stock on a share for share^basis.
Tlie exchange offer is to become effective at 3 o'clock P.M. on May
6, 1946, if 4,000 shares (80% of the outstanding shares) of the 7Jo
preferred stock have been tendered for exchange, the company reserv¬
ing the right, however; to make the exchange offer effective h a
lesser number of shares of the. 7% preferred stock is tendered foi
\
exchange.
i
If the exchange offer becomes or is made effective, as outlined above,
then the Company intends to call for redemption and payment on
; ;May 31, 1946, at $110 per share and accrued and unpaid dividends,
any shares of the outstanding 7% preferred stock not exchanged pur¬
.
'
suant
the
to
offer.
exchange
redemption of the presently outstanding bonds and
with the proposed refinancing of present pre¬
on
1,
Co.
common
37,687
shares
sold
Were subscribed for.
The 2,313 unsubscribed
by underwriters.—See V. 163, p. 2006.
Honolulu Rapid Transit Co., Ltd.—Earnings—
Gross
from
revs,
trans¬
berland, York and Lancaster Counties, Pa.
Substantially all of its gas
requirements are purchased from the Bethlehem Steel Co., and the
company
supplies substantially all of the gas requirements of the
Lebanon Vally Gas Co., an affiliate of the company, serving the City
Of Lebanon, Pa., and the territory adjacent thereto.
CAPITALIZATION
EFFECT TO PRESENT
GIVING
FINANCING
2%%
bonds,
mtge.
due
series,
3i20,743
669,739
$30,101
$132,628
Revs., other than trans.
3,589
2,327
$86,202
6,907'
$299,816
4,599
$33,690
$134,954
$93,109
$304,415
77,010
422,022
154,352
272,159
*$43,321
$12,932
*$61,243
stock
Preferred
cum.
from
revs,
oper._
stock
Common
25,000 shs.
$100)
(par
Net
revenue
"Loss.—V.
163,
(no
par i
and as
♦Unlimited, except by terms of mortgage,
pany's charter and by Pensylvania
UNDERWRITERS—The
names
of
law.
the
several underwriters and the
principal amount of the bonds underwritten
White, Weld & Co
Paine, Webber, Jackson & Curtis
Graham, Parsons & Co
PRO-FORMA EARNINGS STATEMENT
by each are as follows:
$850,000
850,000
500,000
FOR
1944
Operating revenues
$1,684,663
t431,113
,
Operating
expenses
Purchased gas
$1,490,044
1,148,765
$2,515,330
2,167,945
$2,308,141
$173,330
$341,279
$347,384
$719,017
17,441
16,996
15,667
.10,494
$190,770
67,578
$358,275
$363,051
73,604
76,978
117,795
$123,192
$248,671
$286,074
$611,717
23,139
88,864
92,561
$100,053
$195,807
$193,513
$429,037
$0.22
$0.42
$0.42
Total
62,441
62,282
$289,296
59,235
deductions.
Balance
$239,701
22,500
income—
net
dividends
22,500
$207,561
1566.
163, p.
Ilarvili Corp.—Rights to Expire
The
common
stockholders
of
May 3—
April
record
12 have been given
the
to subscribe on or before 3 p.m. on May 3, 1946, for 100,000
shares of common stock at $2 per share on the basis of
one new
share for each five shares held.
Payment may be made at
the Bank of America National Trust & Savings Association, 650 South
to
" ;;
Is
reported that the company probably will replace its $32,000,000
3'As. maturing May l, 1970, with new lower-cost securities.
This is indicated by the fact that three investment banking groups,
one led jointly by Lehman Bros., Goldman, Sachs & Co. and the First
Boston Corp., one by Blyth & Co.,
Inc., and one by Halsey, Stuart
& Co., Inc., are preparing to enter competition for any new securities
first
that
V.
the
company
publicly offer incident to such an operation.—
may
V
163. p. 2158.
Indianapolis Water Co.—Corrected Report12 Mos. End. February—
Gross
Fed.
Other
$3,297,694
1,119,125
1,070,277
$3,113,174
1.052,181
$1,150,352
$1,108,292
$1,078,246
513,708
112,993
504,875
504,875
504,875
77,010
77,380
Cr29,734
$573,752
retire._
$568,467
' $526,037
$603,104
taxes_
income
Interest
charges
deductions
12,164
1945
3,644,594
5,720,609
6,146,226
5,946,332
225,860
6,361,639
7,406,239
avail,
163,
&
National Bank
registrar:
and
($1 par)
1,056,879
978,049
the
of
purpose
;
2007.
p.
The
stockholders
stock
common
An
no
were
1946,
value,
will
par
value,
by
be
was
incorporated in
manufacturing special
Michigan
hydraulic
..
Incorporation
the distribution on or about May 8,
on
1946, of two addi¬
share of record April 24,
of each
holders
filed
was
which each share of capital stock, of no
into three shares of capital stock; of no
1946.
■,
that the capital stock be
not quoted ex said distribution until further notice.
Plans have been made to expand the company's capacity for the
manufacture of sheets and orders for buildings and equipment are
The
of Detroit.
to
changed
the
up
to increase the
shares to 6,000,000
voted
and
of
Certificate
the
to
pursuant
par
proposal to split
a
basis,
stock from 1,650,000
1,633,105 shares outstanding.
common
par
There
24,
Split-Up Ratified—
approved
24
three-for-one
a
amendment
April
April
on
on
tional shares to
BUSINESS—Company
for
1939,
aivs
for
Inland Steel Co.—Stock
authorized
agent
v
$3,446,132
1,148,1.03
1,147,616
$1,200,453
&
local
&
1943
1944
1945
1946
$3,460,102
1.207,468
revenues
maint.
Net
Zinc
the company
manufactures "Hy-Mac" hydraulic presses, ranging in size from the
1,000 P.S.I. Hydro-squeeze
gun
to large presses of great tonnage.
The company has just started to manufacture a line of standard die
casting machinery which it has designed and which will incorporate
"Hy-Mac" hydraulic power units.
On April 5,
1946, Superdraulic Corp. (Mich.) was formed With an
authorized capital of 2,000,000 shares ($1 par) common stock. Company
received 300,000 of the shares (35.25% of the total presently outstand¬
ing) in consideration of the transfer of all of its assets, contracts, and
inventory pertaining to the Superdraulic development; 291,000 shares
were
isued to shareholders of the company and other co-holders of
22,500
$217,201
common
York
New
being placed
"The
The
as
to
Wilfred Sykes, President, stated.
high," he said, ^'but
regardless, perhaps, of sound
possible,
additions
such
necessary
directs
extremely
is
needs
meet
considerations."
financial
but
of
is
it
Exchange
quickly
as
cost
feel
we
Stock
will
project
doubt
to
as
Westinghouse
and
,'>.<>>'
started
be
of
General
Electric
At
Sykes
makes
its
said,
of
the
progress
un¬
because
,
the
present,
so
far
to
inaugurate
V.
v'
.
Mr.
equipment
strikes
certain.
?
immediately,
almost
electrical
delivery
in
163,
excess
a
of
he
said,
demand for sheets and strip has been
the company has found it necessary
allotments to spread available supplies,—
capacity that
of
system
780.
p.
uses.
addition
In
$230,061
$266,748
$244,248
Pro-forma
—V.
221
$329,190
sold
of
7.
Pounds
Lead
Copper
154,743
13,016
1946
Pounds
Pounds
Silver
requirements of the customer.
.
-v
Substantially all of such special equipment embodies hydraulic power
units, which are a specialty with the company. «Equipment of this
type includes: Flame hardening machines for hardening metal parts;
hydraulic bending machines for forming moulding; bore broaching
machines
for
half
bearings; special hydraulically
operated' milling
machines; hydraulic piercing machines; hydraulic multiple point level¬
ing jacks; special air operated drilling and assembling machines. The
company, under the trade name "Hy-Mac," manufactures testing ma¬
chines
which have been developed and manufactured for a variety
of
income
Preferred
2,508
be
of
May
109.
-V.
SOLD
Ounces
machinery. Generally, the company designs and engineers such special
machinery to perform a specific production job to meet the individual
22,178
$301,983
will
Bal.
April 12 offered 136,000 shares common stock
at $2.20 per share.
$289,074
9,660
net-
income
share' on
stock
163, p. 1428.
7,
record April 23 have the right to subscribe
for each five held, at $31 per share.
The unexchanged portion of the stock then
the public through Otis & Co. dealers, of which there
share
expire
shares.
7,778
$299,475
hew
one
All
182,680
Hydraulic Machinery Inc., Dearborn, Mich. — Stock
Offered—Carr & Co. and Lytle & Co., Inc., Detroit, on
15,100
7,208
19,009
stockholders
Common
for
Rights
per
Quarter,
—V.
62,172
15,179
stockholders
have 10 days to make the exchange, the offer closing at 3 p.m. May 3.
The exchange offer is being made at Chase National Bank New York.
Oper.
&
taxes
income
Quarter,
4th
147,408
18,965
income,
income
METALS
121,800
6,117
taxes
Gross
77,317
126,800
148,196
$319,529
Other
Net
Earnings
capital
376,518
17,895
taxes
Pederal, other than income taxes—
Other
Canadian
&
1,589,123
Fed. inc.
U. S.
for
taxes
Mexican
458,692
57,769
State income
Prov.
HISTORY
130,000
depreciation
for
income taxes
Federal
>
,
$0.93
income
Oct.
175,356
Maintenance
Provision
'
may exchange present shares for the
4% preferred, which will yield just under 3Va% based on the $115 offer¬
ing price, but must add $1.97 for each share.
Preferred stockholders
$729,512
—
income
Net
1943
1944
1945
1946
Total
1943
493,809
J
-
OFFER
EXCHANGE
Preferred
of
$1,355,491
1,182,161
expenses
Operating income
Other
$1,500,724
527,916
■ ■
.
Refunding of Bonds Under Consideration—
3 Mos. End. Mar. 31—
Operating
Transfer
$1,569,366
382,370
-
-Earnings—
Net value of metals sold
CALENDAR YEARS
1945
■-
through
was a joint bid of Lehman Bros., First
Sachs & Ch.^ New York, which offered
$15,507,077.
Blyth & Co., Inc„ offered $15,486,333, while a group
composed by W. C. Langley & Co., Shields & Co. and White, Weld
& Co. bid $15,118,860.
It
1st
__
5,000 shs.
27,622 shs.
limited by the com¬
stocks
its
more, Mr. Irwin said,
The second highest bidder
Boston Corp. and Goldman,
2157.
p.
Howe Sound Co.-
Gold
5,000 shs.
30,000 shs.
Investment banking firm which waged a suc¬
Indiana P. S. Commission order the company
competitive bidding among underwriter^,
rather than through private negotiation with financiers who had al¬
ways done the company's financing, was the highest of four bidders
April 22 when the stocks were sold.
Otis & Co. bid $15,651,510 for 100,000 shares of 4%
cumulative
preferred and 142,967 shares of common.
This was $1,700,000 more
than the company
would have been paid under the original deal,
according to Otis & Co.'s representative, Harry W. Irwin.
Based upon the testimony given before the PSC, the indicated offer¬
ing prices on the original plan negotiated by Lehman Bros, and the
First Boston Corp. of $108 on the preferred stock and $24 on the
common, and the new offering prices of $115 for the preferred and
$31 for the common, the company received approximately $1,703,000
sell
to
are
Deductions
Ounces
stock
preferred
4 Vi %
Indianapolis Power & Light Co.—Stock Awarded—
Otis & Co., Cleveland
cessful fight to have the
$32,256
Net
$2,200,000
*
672,817
326,095
May
1971
1>
$972,633
$755,941
transp.
Net revs, from
Outstanding
Authorized
■
1st
$453,371
$356,197
portation _______—_
Operating expenses
Depreciation
?
The company is an operating public utility engaged principally in
the production, purchase, and transmission of artificial gas (520 B.t.u.)
and its distribution and sale to the public in parts of Dauphin, Cum¬
1946—2 Mos.-—194$
1946—Month*—-1945
Pferiod End. February—
Oct.
incorp. in Pennsylvania
BUSINESS—Company was
of the 40,000 shares of common stock, recently
stockholders through rights which expired on April
is announced that
1946,
shares have been
stock.
HISTORY &
^
Hein-Wcrner Motor Part Corp.—Stock Sold—
It
offered to
in connection
2, 1924, as a result of the merger and consolidation of Harrisburg Gas
Co. and Dauphin County Gas Co.
Company is the result of the
merger, consolidation and sale of 21 predecessor companies, the oldest
of which was Harrisburg Gas Co. which
was incorp. in 1848.
In
Jan. 1945, the company acquired by purchase from Metropolitan Edison
Cb. for the sum of $84,382 local franchises and facilities for supplying
gas service to the Boroughs of Elizabethtown and Marietta and con¬
tiguous territory, all in Lancaster County, Pa., and at about the same
time
the
company
acquired charter rights to serve this territory
through the formation and purchase of Elizabethtown & Marietta Gas
,
additional hearings had been ordered."
<
The 215,000 shares of Hayes common stock, according to the reg¬
istration statement, were to be exchanged by the company for ail
432,000 shares of outstanding common stock. of the American Engi¬
neering Co. of Philadelphia now held by Ell I. Kleinman, Johann S.
Ackerman, and Jennis M. Doroshaw and their associates, who pro¬
pose to offer the Hayes stock for sale on the New York Stock Ex¬
change.—V. 163, p. 1566.
V
the
expenses
ferred
amendments
respect
iqm payable
.
_
,
5
initial "registration statement,
it contemplated filing additional
and so stated at the hearings already held and asked
that the Commission postpone any action until it had an opportunity
to file such amendments.
Amendments; complete in every detail, will
be filed in due course and would have been filed whether or not
Its
-
to the common stock, the Company has changed or
presently outstanding 27,622 shares, (par $100) oi com¬
mon Stock, to a like number of shares of common stock (no par), with
a stated
capital of $2,099,272, in order to create capital surplus in the
amount of $662,928, which, together with premium on common stock
In the amount of $197,300 now oh the company's books, ana its earned
surplus, will be used to dispose of the following accounts ana expenses,
plant acquisition adjustment and plant adjustment accounts resulting
from determination of original cost of Utility plant; balance of unam¬
ortized debt discount and expenses on the bonds to be redeemed; premWith
converted
....
(
...(
^
T\" V^hJ^U
In addition to refunding the bonds of the 5% Series- due 1970, the
company proposes as a separate undertaking to refinance its outstand¬
FINANCING
"--■
right
aforementioned
the
special
equipment,
International Silver Co.—Plans 4-for-l
It
is
both
reported
the
Split Up—
that steps are being taken by this company to split
and preferred stocks on
a
4-for-l basis.
It is
common
Special meeting
expected that a
in late JUfie.
of stockholders
"
will
be
arranged for
^
' *
s
••
.
The present capitalization consists of 50,000 shares of $100 par
value
stock authorized and issued, and 91,198 shares of $50
par value common outstanding out of an authorized issue of 209,622 shs.
The preferred stock has the right of one vote for each share, while
the common has the right of one vote for each two shares.—V, 163,
7%
preferred
1866.
p.
the
additional
to
draulic
Spring Street, Los Angeles,
120 Broadway,
New York,
working
capital.—V.
Superdraulic patents in consideration of their transfer to Super¬
Corp.; and 259,000 shares were issued to other original sub¬
scribers for a cash consideration of $1 per share, thus bringing the
total
outstanding shares of the corporation to 850,000.
For
immediate future,
it is contemplated that Superdraulic
Calif., or at the Marine Midland Trust Co.,
The net proceeds will be used as
will
N. Y.
163, p. 2007.
Operating
Operation
31—
$57,955
36,517
42,148
revenues._
oper.
1,225
465,460
426,248
,s
34,610
114,372
$115,075
$112,633
915
12,087
8,985
$127,162
sales and service organization
pumps,
PURPOSE—Net
29,246
117,639
$10,056
$13,538
(net)
income
$682,501
$9,141
10,489
Non-oper.
1946—12 Mos—1945
$732,785
2,410
9,885
2,462
Taxes
Net
1946—Month—1945
$68,639
revenues
Maintenance
a
Balance
fluid
proceeds ($251,320) are to be used as follows:
Ap¬
for the acquisition of certain equipment, which
$121,619
proximately
$60,000
equipment is now installed in the plant of the company on a rental
basis and which is presently owned by agencies of the U. S. Govern¬
ment; balance of approximately $191,320 is to be used for additional
working capital.
CAPITALIZATION
$14,763
2,916
2,916
35,000
Gross
income-
$11,847
$7,140
$92,162
Interest
charges.
47
44
575
505
$11,799
$7,095
Authorized
$86,619
Net
accrls..
Common stock
declared
$91,587
to
Prior
an
500,000 shs.
($1 par)
amendment
63,882
000
163, p. 1728.
its
STATEMENT YEARS ENDED
SEPTEMEBER
26,
.
Uii—w—
Cost of sales
determine whether a stop order should
issued
against the registration statement filed on Feb. 27 by'•.theft corpora¬
tion were instituted April 24 by the SEC.
In scheduling a hearing for April 29,
the Commission /announced
that the proceeding was based upon its review of facts? developed in
an
inquiry conducted recently into the "adequacy andy accuracy" of
the information disclosed in the registration statement ( covering the
issuance of 215,000 shares of common stock.
It appears, the SEC said, that there are "reasonable; grounds for
believing that the registration statement contains untrue statements
of material facts and omits to state material facts required or neces¬
sary
to make the statement not misleading.", At the hearing, the
commissioners will take testimony from witnesses for the purpose of
determining whether "such misstatement or omissions exist and, if so,
whether j, stop order should be issued."
to
—
Selling
expenses
Administrative expenses
Jadiin.—.
30
1943
1945
Net sales
,
Proceedings
March
incorporation,
shares.
Manufacturing Corp.—SEC to Investigate State¬
ment—
296,000 shs,
of
articles
common
INCOME
Hayes
to
Outstanding
stock consisted of 3,500 shares (par $10); these were
split into 35,000 shares;($1 par). At the same time, a stock dividend
was declared
and paid by a charge against surplus account, thereby
increasing the total outstanding capital stock of $1 par value to 160,1946,
$86,114
73,710
income
Dividends
—V.
res.
1944
$2,069,929
1,683,447
$1,129,204
„483,858
36,194
$862,875
710,681
939,054
iy}31>098*<.:;
39,044
!,J
100,462
operating
—
-iii-——-u-—
figures are
,,141,735,
$25,183
$53,950
8,826
$31,019
___
profits taxes.
following
cern!' '
$45,124
$172,754
•"!
13,700
$11,483
before provision for Federal income and excess
'
.
"We
are
Commission in re¬
of the Securities Act with refer¬
.
.
When the corporation filed
surprised and regret the action of the
quiring a hearing under Section 8-D
ence
to the registration statement.
.
proposal by the company to offer at competitive sale $45,000,000
mortgage bonds and $9,000,000 of sinking fund debentures to
replace existing mortgage debt has been approved by the SEC by a
A
:-.V •' -i<<f
'■.V"
It
announced
was
on
April
of
/
first
four-to-one vote. %
.■
--v ■•■v,.--"
% % The Commission -split over the accounting
> incurred by the sale last December of Illinois
/
24
that
Robert
Roden,
H.
a
former'
employee who instituted suit against the company for alleged breach
of contract, "has seen fit to withdraw his suit voluntarily, and it has?
been dismissed with prejudice
and without cost or payment of anjr
kind
to
Roden."—V.
Mr.
Jamaica Public
163, p. 1429.
Service Ltd.
(&
Subs.)—Earnings-
1946—Month—1945
Period End. Jan. 31-
1946—12 Mos.—1945
$1,543,701'
$148,606
65,917
$136,239
63,072
$1,622,123
762,984
739,284
22,501
16,897
194,204
Taxes
12.184
16,661
209,570
126,603
accrls—.
10,416
9,166
111,250
100,833
Utility oper. income..
$37,586
Dr826
$30,440
$411,714
Drl,588
$368,670
(net)
income—-
$36,759
$31,375
$410,125
103,193
$362,193
107,251
$306,932
$254,942
Retirement
Other
revenues.—-.
res.
income
Gross
Income
r
local counsel for the company; released the
statement by Rensselaer W. Clark, President of the con¬
163, p. 2007.
(F. L.) Jacobs Co.—Suit Dismissed—
the Illinois ^Terminal RR.—V.
163* p. .1285,
treatment
of the loss
investment in
Power's
;
,
<
935
,
deductions.
:
Illinois Power Co.—Issue Approved—
STATEMENT FOR COMPANY
S.- Munson*
—V.
company
Operation
'
George
Co.—Partial Redemption—
has called for redemption on May 24, next, through
operation of the sinking fund, $68,000 of first mortgage 3%% bonds*,
due Aug. 1, 1969, at 104'/a
and interest. Payment will be made at
the
Chemical Bank & Trust Co., 165 Broadway, New York, N. Y.
The
Operating
t'
profit
♦These
„
Maintenance
Total income
♦Net
first
V635.
457
—
...•
deductions
telephone operating subsidiaries of the L T. & T. system reported
23 an aggregate net gafn of 11,322 telephones in service iri
quarter of 1946.
The companies, operating in Argentina*
Brazil, Chile,
Cuba, Mexico, Peru, Puerto Rico and in Shanghai*
China, had a total of 962,704 telephones in service on March 31.
At the end of the quarter, these companies had a backlog of 184,270
applications for telephone service.
The total of unfilled orders, the
corporation reported, is due principally to a shortage of automatic
central
office
equipment which
was
virtually unobtainable during1
the
war.
The equipment needs of the I. T. & T.- companies and
certain other telephone systems are being filled as rapidly as materials
become available.—V. 163, p. 2007.
April
the
$24,548
$53,493
infcome^-i^iv-lr—
Other income
Other
Corp.—Reports
The
on
88,600
"
rare
Net
Telephone & Telegraph
Gain in Number of Phones—
Iowa Public Service
EFFECT TO PRESENT FINANCING
GIVING
35,000
Retirement
Corp.
handling all sales of
motors,
hydraulic transmissions and
controls.
The company will act as sub-contractor, along with others,
in the manufacture of
"Superdraulic" products on behalf of Super¬
draulic Corp.
The company has started manufacturing these products
under such arrangements.
Haverhill Gas Light Co.—EarningsPeriod End. Mar.
operate as
"Superdraulic"
International
8,770
.
•
-
8,908
$22,467
$27,988
Preference Div. Requirements:
J; P. S. Co.* Ltd.—Preference shares.
Net income....—..^
Common
27,371
21,991
"D"__.
78,260
64,316
paid—J. P. S. Ltd..
91,800
91,800
shares
dividends
—V. 163, p.
1159.
Dr6,476
25,807
21,991
Preference shares "B".*._.
Preference
•
140,707'
"C"
and
...
-1
COMMERCIAL & FINANCIAL CHRONICLE
-'•-1'i
.>/i^:;^fi"r?:V^V,^^-^V1*''*'^-'1'
Johns-Manville
Corp.—Plans Large Expansion—New
: Financing and Split-up Not Now
Contemplated—
The
•'
•
$a
corporation
is
planning
and
Robert
W.
expansion
Lea,.
of
foreign
.'
been
Straus
A.
a
.
■
insulating
an
.
also, expecte
company,
sion
manufacture
in
in
sales
asbestos cement
of
Co.
Moran
of
4,000
Calif
&
First
4,000
-
Chicago
to
from
result
products.—V.
uary,
1941,
most
of
2,500
In
Inc.
2,000
—
2,500
•
-
-
-
the operation
27,
all
1946,
April
on
23
outstanding
elected
shares
call
to
of
5%
cumulative
•
ferred
redemption
1945
-
•
'
•'../.1944
•-
outstanding and
30
Operating
Other
income—
$3,4 0,846
$1,600,930
!
3,113,966
$547,327
income
Total income—j.
,$1,PvI,j60
132,409
—
.pfc-
State
series B, at $105 a share and 'dividends.
The Union
; Trust Co. of Pittsburgh and Bankers Trust Co. of New >ork have
been'designated as the" redemption agents.' •*
;
Holders of
the "B"
preferred stock will have until, the close of
business on.May 22,
1946, the right to convert their shares into
common
stock
on
the basis of three shares of common for each
income
taxes
_
Adjustment of prior
yrs.'
,
'
share
•
-
of
At
"B"
the
preferred
close
outstanding
of
142,183
shares
of
April-22,
"B"
1946,
the corporation
stock.—V. 163, p.
preferred
>
904.,
:
.
Trust
dated
April 1, 1308, .to an amount sufficient to. exhaust
$10,<38 now in the sinking fund.—V. 162, p. 248.
tne
88,008
Industries, Inc.
•
of
sum
Offered—As mentioned in
Stock
19,221
The
taxes
cms.
incqme.
i
—$1,113,051
Cr3,ll8
$327,518
preferred, stock
the
,
a,
.
is .entitled to- cumulative
dividends
at
rate
of
All
of
'
'
-r:\
'
basis
shares
of
agent,
stock
common
*
preferred stock.
Transfer
two
of
for
:
First
• *
"
!
,
.
American
j
proceeds (estimated at $1,337,500) will be applied
aa follows:
$600,000 will be paid to First National Uank of Chicago
in
reduction
of
the
company's outstanding funded debt -with the
bank; remainder; $737,499, wi.1 he added to the geueral funds of
the
company^ to be used from time to time for such corporate, purposes
as
directors may determine,
including the financing of the contract
drilling business' of the company, the " financing of the company's
portion of the cost of drilling And equipping we.Is (both exploratory
wells and wells to be drilled in proven or
sebd^prbvep lajrcets
erty wherein
estates)
;
ties.
:
•
the company owns
and the
interest
in-the cil and
TO
PRESENT
loan note payab'e-——
'D'' loan notes payable.-
1
■"By
*.
i
.
ton Feb. 23,
-
,
From Jan, 1—
.
—V. 163,
;
to
ben.,
.
split,
to
7,794
shares.
of the company,
\
stock which number
AND
in Delaware.
1932,
was
changed in
cnmpany
increased, by
the
total
issued
:
Other
will,
April
conducted
of
its
from
until
Jan.
18,
Oil
1946,
wells
thereon
natural
and
-
in
gas
production
of
crude
account in
oil
Net
sale
of
oil
or *
and
semi-pfoven
well
gas
crude
drilling
at
said
administrators'
company
engaged
(33Va
shares)
of
became
Dec.
1,
641,381
$546,218
$1,199 440
$2,406,722
15,823
$522,884
opers.—
25,166
43,622
3,460
oil
1945,
the
total
Co.,
Inc.,
_1„
well-drilling and
number
of
producing
$562,041
312,193
$1,224,606
196,755.
to
•
the
1945,
interest
of
(ra c-f.)
'
of
the
company-therein) tor the
7,287-barrelfe of -©rude oil
of
gas.-
These
wells
had,
and
as
1
produc»
1,297,433
■
$758,797
98,454
$2,707,176
computed
by engineers
average daily producti6n of crude-oH of
November;^ 1945, to-the interest-of the
'
r
•
.
19^. &ef day,
Tk®
li^rcls
'
productive ability- to produce in
57,164 barrels of crude oil-and 126,232
of^«.ruai. Ail
ThfmftinarT.it
mifntt
'SSu
cred t
In ,;November,
"•Kwiif
'•
105,441
402,170
name
^ f
494j,
-so
that
S
the
was
""
of
x»f
the
1 660
-
daHy
oil
production
1945,
was
1,903
the company owned
interests in -40
producing- gas
which are in the Sour Gas area of
the Texas Panhandle
.
1946
tax
$10*57,040
1,626,486
—
recoveries
Code.
Of
due
this
to
carry-back
provisions
of
loss,
depi-ec.—
$2,1*99,-247
$3,191,939
216,606
115,755
798,688
927,473
226,519.
.
5,753
$388,497-
$295,992
$1,208,839
1,205,437
1,205,437
1,205,437
corporate income
shs, outstanding-
'
163, p. 2009.
Net
'•
from
railway---railway
from
incoirie^ J-_-
'
1946
$5,572,434
679,889
1945
1944
and
$193,962
$156,012
$165,100
29,856
...
dividends
29,856
of
106,363
106,363
303,894
303,894
3J3.894
$0.35
shares
common
29,856
106,363
$0.42
share
per
from
......
directors
the
usual
„
25 cents
profit
1943
*
2,768,582
1,302,389
24,051,195
21,19*6,751
-
6,661,102
7,230,829
f
2,415,420
•3,290,613
,
1946
2
163,
p.
from ^railway--—3,302,318
Net ry. oper. income
1 1,526,669
2,879,755
•'Deficit.—V.
163,
p.
163,
1944
$158,284
408,000
403,CCO
Nil
403,000
80.39
ILoss
$0.45
4,223,944
4,763,286
taxes.
$181,747
8,624,294
after including
in
inearned under the Government Premium Price Plan
the premiums
come
15.—V.
1945
$$23,955
of
After charges and Federal
—V.
,
record May
-Earnings-
capital shares—
Earnings per share...,.
Pounds of copper produced
892,452
;
of
to holders of
'
1030."
the
'.
;
..
20,565:737
>
■
dividend of 50 cents per share
per share on the com¬
extra
an
dividend
Magma Copper Co.
$7,670,148
•
h'xve declared
quarterly
Quarter Ended March 31—
2,715,531
695,012
railway—S6?054;901
-Net
.
$0.45
■
stock, both payab.e May 28
2009.
p.
$8,7x4,203
1,7°2,889
-
200,000
dividends
Number
$7,71^,-56
-201,97L
•-
$385,100
117,000
mon
Lehigh Valley RR.—Earnings-
•
1944'
$273,012
i06,000
Madison Square Garden Corp.—Extra Dividend—
$1,630,699
1,205,437
Net
1945
$299,962
162, p. 2018.
The
9,654
.
profits
excess
83,343
$P35 424
$747,227
&
Fed.
105,758
1946
i__
taxes
charges.
&
profit
Number
—V.
17,931
.1,6.75
Marshall Field &
Co.—New
Director, Etc.—
Henry
Isham has been elected a director to replace Col. Albert
who died on April 6, Hughston M. McBain, President,
April 23 following the annual meeting of shareholders.
The remaining eight directors were reelected.
;
James L. Palmer, formerly First Vice-President, was elected Execu¬
tive vice-Prtsiaent, and Ralph E. Bowers, formerly Assistant Secretarjwand head of the Corporate Legal Department, was named Secre¬
tary.
Bowers also will continue his former duties. - Gerald A. Sivage,
former
Assistant
Secretary-Treasurer
of the
company,, was named
-Assistant to the Pfe'sident, and Milton C. Mumford, afecently returned
from military service, was elected an Assistant Vice-President.
Earl Kribben, who a short time ago rejoined the
company after
serving as a Lieutenant Colonel in the Army, was reelected Treasurer.
"
*4,637
P.
Sprague
A.
1730.
snnounced
on
■
Long-Bell Lumber Co. (Mo.)—10-Cent
:
The
,
the
directo-rs -have; declai^d
stock
common
May 4.
(par
ft
dividend
payable
$5)
^■•■f-4'
■
•*
■
v
A
■•
of
June
A sinrilar distribution-was made
year—V."462,# pr;227C
on
10
1
to
.June
Dividend—
cents, per
share
holders
l- and
of
1,
last
y*
''>•*
■'■ ■
record
Dec;
_*J
-
on
Long-Bell Lumber Corp.
■.
-'j'
■■
•
•
"
*
.
(Md.)-12-Cent Dividend—
■
'
A
;
r
dividend
common
A
like
of 12
stock
amount
cefitamper share has been declared on the.class A
pai JI payable June 1 to holders oJ record May 13.
was-^isbursed cm June 1 and Dec. 1, ,|v4d.—V. .162,
Distilling
Co.—Debentures
,
'
other
1
Offered
registerable
at
office
as
to
principal.
Interest
•
on
and
arid
$1,000,
fro iweeedi&g June 30,
to
bonds
the
extent
for
Dec. 71
ended
year
or
available
redemption
,<b) _the sum ot $10,000, which moneys
-therefor,
on
the
next
to
be
used
by
the
succeeding Dec.
retirement
of
the
coni-
company^
board
appointed
officers
of the
Volker
Koch-Weser
corporation
Assistant
All
Secretary.
reelected,
were
:
O..
THREE
MONTHS
trustee
1.
Net
sales
Profit
ENDED
MARCH
31
'
*.
t
,
Federal
taxes
:
taxes
Net
profit
profit per
—V,* 163,
'
p.
1,967,000
,
-
share-,.!--,.—..-,
.
.
$1.57
'
The
stockholders
on
series
/
.
$ 1,336.(500
$0.61
'
.
Maryland Dry dock Co. of Bait.—To Exchange Pfd
; creating
J
«m
-3,219.000
common
1030.
;
$38,473,000
5,110,000
3,774,000
5.177,000 '
"
Net
1945
-
__..__$41i274,e00
before
Federal
t
of
are
company's
committee
-A-'%lt946i;:'4
:
'
are
call
of the
•
•
United States Trust Co. trustee, Louisville,
Ky. .Deben¬
subject to 4edemptiorf at- option of company as a whole
.or in part, by lot, at any time upon not less than 30 days' notice
at 101 and interest to date -of redemption.
Also redeemable through
the operation of a sinking fundFor a sinking fund the indenture
-provideo- that the-company will pay-to the trustee on Oct. 15, 1948,
on
O.ct. 15 in each year thereafter,
the lesser amount of either
' (a)'a sum equal to 10% of its'net
earnings for its fiscal
tures
Chairman
plan.
Foa
•
$100^ $500
payable June 1-
,
Stein
Dated Dec. i, 1945, due Dec. 1, I960. Coupon debentures;.iiv. deacmihatioqs of
appointed
was
jkld. Chairmah of the investment
pension
$30D,000 15-yuar. 5% debentures at 100 and interest,
r
also
mittee.
*
The
*'i
Loretto
He
(no
p.; "2274..
tiie
/ royalties and oil payt3?e company's
total
company s interest m November,
.
addition,
30 of
~
...
M
m.c.f.
(Ky.)—Weekly Output
^
.
Revenue
after
Common
472,495
1,125
-
*
356,532
$755,177
(& Subs.)—Earnings—
-
estimated
income
Earninss
,
November
w^ls-for
company
"
s
said
of
356,532
Electric Co.
-
Internal
Net
$3,747,778
40,307
jn
fqet
an
for period
From Jan. 1—
been
ofNovember
thousand cubic
company-,
of
256,958
$1,195,528
stock
&
$2,450,345
1,482,570
583,805
Gross
month
&as
'
estimated
10,-781
21,413
$105,123
Quarters Ended March 31—
2®
,
to pfd.
1—
Preferred
$838 537
22,856
•-Net ry. <per-.
$6,380
wells
256,958
21,413
$176,. 39
MaeAndrews & Forbes Co.—Earnings—
11,395
Gross
Pendle-
the
oil
45,560
Cr7,141
1430.
p.
loss
Fed.
$526,344"
'
Month of March—
wells
had
845,404
62,618
Crl4,834
$838,996
163,
Profit
ahd/pr
was
the property of Roeser. &
of crude oil;
of
fc90,b02
174,570
capital stock of
M'B-K Drilling
contract
'
As
158,707
5,395
for* others;' the
The price paid therefor
the
outstanding *
U
°Ku°T} Worth' JexaB*
in the business of
•
*ion
sale.
"
$979,163 is chargeable di¬
rectly to"the general" strike which paralyzed the steel industry
during
January and February.—V. 163, p. 1160.
-
...
9^,030
.
crude
The-remaining 33%
Crl43
ineome
9,528
289,151
4,116
Cr46
sales
the
$5,273,474 $21,959,138 $22,871,236
4,576,548
20,069,C35
Id,823,133
92,055
and
an
508,025
10,906
2,052
"Net
and
share.
-
income
Com.
•
oil
and
■^Before
1948—12 Mos.—1945
tax
—V.
1,
1946,
company,
jointly with Big Chief Drilling Oo.
acting with Big Chief Drilling Co. and for the
joint and
equal benefit of each,
acquired esVa-'A
of
the
outstanding capital
stock of M-B-K
Drilling Co., Inc. (Del.) (being 66Va shares.of.
capital
per
Earnings—
Mos.—1945
210,047
exp.
income.
for
'
cor-
producing
42,500
$2,851,504
59.9,014
deducts.
*Net
tax
•
in
$2,297,446
42,003
Lukens Steel Co.
#
.
inc.
*.
Feb.
stock)
a am.
Minority interest
Industries, Inc,
interests
$183,909
bonds
314,993
JProy. .for-Pemr. inc.
natural gas; the drilling
semi-proven crude oil and/or
of
$241,761
mtge.
EARNINGS FOR SIX MONTHS ENDED MARCH
23,
$6,369,186
'
stock
tne
$2,289,708
7,738
$2,841,981
154
for amort, of util¬
.
1946—3
income
Prov.
.
On
(Del.)
498,178
f
'
and/or
proven or
the
contract
areas;
and
oil
522,461
311,846
.
5,636,254.
&
'Depletion
oil. and ,natural gas; and -the
refining
sale of products derived
therefrom including gasoline,
fuel oil,-industrial oils and
asphalt.
'
crude
keroeene,
.
-
search
own
areas;
acquisition
non-producing- but proven
natural
of
.
in
gas
1,485,851
209,598
y ,coal- lands
.
^
when
$183,755
'
$241,655
Electric output of this
company for the week ended April 20, 4946,
totaled 24,726.000
%kh., as compared with 31,261,000 for the corre¬
sponding week last year, a decrease of 20.9% .—V. 163, p. 2159. "
>
chgs. on idle
properties and reserve
The
of wells for its
1,570,464
258,607
246,627-
,
1,325,735
'394,798'
; Carrying
company, directly or through its subsidiaries, has and
is-engaged
principally in the geological and geophysical
exploration for crude oil
and natural gas,
looking' to the acquis'ition of oil and gas. leaseholds on
favorable areas so revealed; the
drilling ,of exploratory or "wildcat"
.
130,593
Int. on funded debt
.
was
incorporated Nov. ;9,
originally A & K Petroleum Co., which
1937 to Kerlyn Oil Co., under
whiph name
business
806,317
1,706,828
103
Louisville Gas
...
profit.
Total
was
; poraie name was changed to Kerr-McGee
•
96,630
such
of the
common
120,142
1730.
other
on
Total
pre-
23, 1946, was 825,016 shares.
875,334
2,396,000
(net)
Dividends applic.
208,444
*
Profit
its certificate
reason
revenues..
income
int.
Net
-BUSINESS—Company
Name
oper.
69,974
142,000
.
p.
gen,
'
Consequently,
as of Feb.
HISTORY
was
79,006
109,000
re¬
ity
plant acquisition
adjustments
$555,455
156,081
*
as
common
544,395
223,661
chgd. to- construct...
Int.-
1943
$525,181
1,510,426
Profit from, mining &
seping coai
XPJtr "$1)'-. The .amendment liled Feb." 23, 1946, also effected a
split of
the common stock and
changed each issued share of common Stock
into two share? of common
.stock, so that the 408,6J1 shares pf out¬
standing- common stock were changed into 817,222 shares of common
stock,
Company held as treasury stock as of Feb. 22,'1946, "3.897
shares of
expenses
on
;
1946—12 Mos.—1945
$13,588,540 $13,399,185
593,527
6,969,099
6,630,511
255.287
1,058,399
1,413,548
$1,244,543
Amorh Of debt discount
and expepce
-V.
1944
$24,601
,
'66,000 shs.
amendment
1945 '
111,723
$58,301
1946—Month—1945
$1,197,717
intial
132,907
'
Ccst of sales
,
.
and
$503,626
•
railway
Per.od End. March 31of coal.
768,975
'
242,530
$25,042
revenues
income
Qther
Net
,
i
share
per
83,343
from" railway*—*
Net. ry. qper. -income
«tock
V.
have
130,490
..
Net
.
theretofore amended which changed its authorized
capital -stock- from- 800,000 -shares of - common -stock
(par $1) to
1,500,000 shares, of which 60,000 shares are cumulative convertible
preferred stock (par $22.50) and 1,440,000 shares are. common
.
-
.
stock
22,189
-
58,431
—
appropriation—
Gross
•
$115
$160,286
23,962
is
;$574,031
,
income.—
ry.. oper.
Gross from
,
•
817;222 shs.
an
an
1946
Sales
63,000shs!
1946, the company filed
incorporation
declared
Lehigh Valley Coal Corp.
1,440,000 shs.
Chicago have agreed that if the company shall sell the
ferred
stock- new•' offered
prior to- April -30,* 1946,- the bank,
commencing with the 25th day of
the, first month folIoWiug
sale, reduce the interest rate oh all loans by it to the
company
4% per year to 33/4% per year.
' •
•
of
Net
to loan agreement and supplement to amendment
(dated March 14, 1946), company and First
National
Bank -of
■
s-%
amendment
19
April
Net. from railway
Outstanding
"
to loan agreement
on
Grtjss from railway-c_—
r
966,865
tCum.
■
Stock—
preferred
net, ^at
$323,019
5,686
taxes-
Other
by
Lehigh & New England RR. —Earnings
$1,789,999
conv. pfd. stock ($22.50
par)—.
tCommon-stock 4$I par).,
31,
7,349
$89,159
taxes
Other
•
-
2,000,000
Not'fixed
..
:#
/
■
$2,700,000
*3%'
Secured* short-terrh ;nofces„—'
•
profit
Federal
LeTourneau, Inc.—Initial Preferred Dividend
directors
March—
FINANCING
Authorized
*3%
>
-
EFFECT
May
on
$152,937
7,318
Louisiana Power & Light
Co.—Earnings—
1866.
p.
$315,701
Balance
leasehold
gas
;
CAPITALIZATION, GIVING
redemption
45,470
3,848
Period End. Mar. 31—
.
financing the company's refining facilities and activi-
•
^Pfd.
:
' 53,883
income
Operating
Operating
quarterly ;divideiid of
$1 per share on the $4 cumulative
preferred stock, and the usual
-quarterly, dividend of 25* cents per share pn" the common stock, "both
payable June * l to holders of record -'May 9.—V. 163,
p. 2158.
PURPOSE—Net
,
for
(R, G.)
-
Chicago. ' Registrar,
Chicago.
called
dividends.-^-V. 163,
The
'
National Bank,
National Bank & Trust Co. of
Net
,
j
the outstanding shares of $8 cumulative
$4,323,859
$2,147,299
3,840,160'
1,895,007
40,083
taxes
Net
considered
.
121,912
v
Prov.
share
one
"
of
been
'
the
be
:
Years Ending June 30
-•
1)45
1944 -■
$85,311
Property retirement
&
i(G. R.) Kinney LCo,, Inc.—Calls $8
•
liquidation to the extent tff $25 per share plus dividends. Convertible
at option of holders at any
time up to and including the' Close
,of
'^business on the 10th day prior to the date of redemption into common
on
Will
'45
f 41,434
1
deductions
Interest
$1.20 per annurn per share {cumuiativ? frqm dftte Of."initial* public
offering, payable ' quarterly March, Jure', September, and .December -1.
Redeemable all or part at any time on 43 days' notice
at, $27.50 per
share
plus, dividends. * Preferred over
common
stock in voluntary
stock
plan
31
income
Income
1,
Exchange Commission on -May 20.
The company
of Long Island Lighting Co.,—V..
163, p. 2158.
subsidiary
.
v
company's amended recapitalization
Securities
^
OPERATIONS
$1,297,623
1,159,356
V
11,521
—
Operating profit
Total
priced at 103 and accrued'interest from April
163, p, 1866.
--
The
r
■;.
,
$101,747
Kings County Lighting Co.—Hearing May 20-
on
,
"
sales
serve
issue of April
our
by Straus & Blosser
OF
4,151
'M
15, a* syn¬
April 12 offered
60,000 shares of $1.20 cumulative convertible preferred
stock (par $22.50) at $25 per share. Other details follow:
dicate headed
STATEMENT
Selling: expenses
Administrative expenses
163, p. 2008.
were
Preferred
—
other
'
5,755
•'
! 1946.—V.
Kerr-MeGeeOil
with
Oosl ©f sales—
•
12,704
;
Keyes Fibre
•
Co., trustee, will until 12 o'clock
of June 1, 1946, receive bids for the sale to it of
mortgage bonds
noon
sale of debentures,
together
financing the' company's business.
Oefe
Co.—Bonds Offered-^-Public
offering of
$2,800,000 first mortgage 3J/4% bonds, due April I. 1966,
was made April 26
by an underwriting group headed by
Coffin & Burr, Inc, and
including Paine, Webber, Jackson &
Curtis; Estabrook & Co.; E, H. Rollins & Sons, Inc.;
Central Republic Co. (Inc.).; H. M.
Payson -& Co.; Julien
Collins
^: Co., and Charles H. Gilman and Co. The bonds
had
Terminal Co.—Tenders—
Fidelity-Philadelphia
$100)
4 Mos. End.
$134,707
.37,054
"
711
'
Other
^
on
Kanawha Bridge &
The
-V.
stock held.
business
of
"
Other
Net
..
..
consists
81,090
•
.
.
Jaii-
tpar
'/.COMPARATIVE
•
56,500
,
ii*§.
to
liniited
debentures.
$53,617
$457,501
.,;,
350,-000
stock,
organization
in
from
ih
used
stock
of
-
May
convertible
will" be
moneys
1,547.313
$376,880
80,621
1,104,632
—
deductions—
of
shares
issue
PURPOSE—Proceeds
1943
.*
•
$6,980,476"
6,433,143
this
•
"■
on
date
whiskey
\
JUNE
,
Income
for
from
manufactured
CAPITALIZATION—Capital
YEARS' ENDED
Total
directors
its, business
which
-
Total operating revenues_l--_^J___■Total -.operating, charges (net).
Jones & Laughlin Corp.—Calls 'B' Preferred Stock—
The
Of
the company
whiskey
quantities, was
sold in bulk although a small
amount
thereof was bottled and sold under the brand names
"Kentucky Turf" J
and "Crystal Dew."
SeUgman, Lubetkin & Co.,
2.500
„>.
.
HISTORY, AND BUSINESS—Company was incorporated
in Kentucky
February, 1936.
Shortly after organization the company ? con¬
structed a distillery, having a capacity of
approximately 25 barrels
per day, and a warehouse, having storage
space for approximately
6,000 barrels of whiskey, on teal estate
acquired by the company
at Loretto,
Ky,
In
194Q, the company constructed an
additional
warehouse having a capacity of
approximately 8,000 barrels.
2,000
Son-^c_^_
J
in
Dallas Rupe &
CONSOLIDATED STATEMENT OF INCOME,
its" expan¬
162, p. 3193.
by
2,000
.
I
debentures, who are residents of
the Kentucky ad valorem tax, not to exceed five
mills
dollar, legally assessed against and paid by such
holder
reason of his
ownership of-such debentures,
■
2,000
2,000
v
of
each
on
of
__—
holders
Kentucky;
2,000
Co.
to reimburse
C. Edgar
Honho:d_v--:._'
Re.ir.ho.ldt & Gardner
3.00Q
2,500
Inc.
Ca._,_\.
1
Monday, April 29, 1946
**
.
,.■...i.!■.[■■.i'iLOw
undertakes
2,000
Securities
-
-
4,000
Co
Co.—
&
~
Increase
an
Sons..
&
Fewel
•
,
in."',;..:'.
■'1 .,,■!
Shares
Dittmar
8,000
Irving J. Rice & Co
fibre, an asbestos -paper- and
from melted slag and glass.
The
material ^produded
&
Link, Gorman & Co.,
Revel Miller & Co
plastic-asbestos
a
Edwards
■
13,000
Brailsford-&"Ca.--~I
,
woodpulp,
G.
Pacific
discussed
of
Shares
Blosser—
Mason,
discontinuance
made
&
-
.
Jenks, iCtrkland •& Co-i.-
The
.
■'
■•:■■
Dempsey-Tegeler & Co...
business.
periodically and will be considered again.
company's earnings, Mr. Brown declared, will be aided by the
of some products on which it has been
impossible to
mainttain profit margins... This action, he said, has had little effect
on sales and will not harm J.-M.'s
competitive position.
•
•
•
"*
Among ne.w products to be marketed. soon are building materials
v
"■'.•■<
i
Vice President, told shareholders that the money
for the expansion will be available -when needed and that he
believed
it would be unnecessary to issue new. stock for
financing, purposes;
A split-up in
the common stock is not contemplated now by the
Uoard of directors, said Mr. Brown.
But, he added, the question has
.
■•••'•■jojr iiijiiji'-tjjjijfi:
UNDERWRITERS-—The-5 underwriters
named
below
have
severally
agreed to purchase
the number of
shares of
preferred stock set
opposite the respective underwriters' name-
.
•
processes,
'-■•"• i-r--
Tii"1
.
a
r.~
"?i
field, which 30 wells had a total allowable for. the month of
November, 1945, of 1,490,589 m.c.f. and which produced in the month
pf November, 1^45; 1,713,183 m.c.f.pf «as.' ,i
' ; r ■■ v' t / «■ >
gas.
$50,
,000,000 five-year expansion pro¬
gram requiring from 1,800 tp 3,000 more
employees, Lewis H. Brown,
president, ..tQlji stockholders i on April 18. S This program calls 'for the
expansion of production and research facilities, introduction of pew
products, improvement 1 of; working conditions, replacement of worn
equipment,
reduction
of
costs
through
further
mechanization
fcf
,.„
''r'""'''
"1
^^■'^f
April 24 adopted
an
amendment to
—
the charter
of -4'/a 'U -preferred
stock; and authorizing its
'exchange, share for share, for present 7% preferred stock.
; .
,
Preferred
stockholders
desiring to make the exchange are asked
a
-
new
-
to
Company
[
ir
-
'%
;\v/
:::.
■■■
+' \l
'
/.
.
:t
Volume
Number 4485
163
v
•
2295
THE COMMERCIAL & FINANCIAL CHRONICLE
^
11
'
—
>■
-
"»
■
'y
*■
T—■
*
■
the common
distribution of
Maryland1 & Pennsylvania RR. Co*—Note Authorized
This company has-been authorized by; the Interstate Commerce Com¬
mission to issue a note for $200,000 and to repay a loan from the
Reconstruction Finance Corp. due on May 1, 1946.—V. 160, p. 120.
and
paid
The
Stock
(;•
Total
fy
$1,076,116
423,545
Provision' for depreciation and depletion-.!—
operations
earnings from
—
454,628
Federal
$698,709
$719,796
57,631
Total
income
charges
45,102
240,000
*
Provision
Federal
for
taxes
'
of
Earnings
—V.
2,570,682
Gross
!___
Negotiations
bonds, J. M. Pritchard, President,
Consideration
is
also
preferred stock with
being
$0.32
exceeded
Will be
in
well
of
the
:
Federal and
102,595
$334,712
150,000
175,000
29,400
$1.56
*$3,03
outstanding 6.%
assets—' -
Class
.
SHEET, DEC. 31
•-
,
1944 f-
1945
--567
:
____
-
32,350
«
30,904
Prepaid
16,249
13,212
«
—
4.90%
Fixed
value)
600,000
__
series due 1964—
Dividends
277,267
declared
Customers'
$11,155,375
9,193,218
537,601
$1,088,432
28,250
21,151
Other income
-
Gross
taxes
—V.
Federal
expenses
and
on
for'retirement
for uncollectible
$574,489
—V.
per
163,
104,585
$470,302
$142,534
$0.68
shares
share
common
$0.20
1946
1945
$5,079,000
$6,736,000
Quarter Ended March 31—
Net
sales
Net
profit
Earnings per common share
179,122
$0,30
*
.
211,042
$0.39,
do not include the results of operations of U. S.Mengel Plywoods, Inc., jointly owned by Mengel and United States
Plywood Corp.
These
figures
Referring
;
U. S.-Mengel
to
elimination
the
"With
Plywoods, Inc.,
Federal
of
Voit,
Alvin A.
profits
excess
1,
1946,
V.
greatly increased
a
163,
$4,366,315
—
corporation filed April 24 with the SEC a registration statement
136,254 shares of ($1 par) common stock.
The shares are,
offered at $16 each to holders of the present common stock at
Covering
being
additional share for each five shares at the close of
business 011 May 14.
Of the proceeds, amounting to $2,180,064 be¬
fore expenses, the company expects to use $1,500,000 to reduce bank
the
of
rate
and
loans
add
the
remainder
its
to
working
capital.—V.
163,
p.
314.
Metallic Products Corp.—New President Elected—
At
.■
Works,
Y„
N.
Malone, N. J.,
stockholders held
elected
was
Mullen
Mr.
of
meeting
a
York
New
also
is
President.
President of
Store
Street
Fifth
17,
Thomas
States
Mullen
J.
Bronze
of
Calif.- -New Name,
common stock without par value then out¬
into 100,000 shares of common stock without
in the aggregate stated value being made).—
$101.50
at
them,
Federal
expenses
share.
per
property retirement reserve
appropriation—
■
oper.
revenues—
Other income
income
Gross
Int.
—
mtge. bonds—
utility plant
on
Calls Preferred
The
—
'
redemption
on
Stock—
called
directors
for
;
June
be
Co.-has
Trust
Guaranty
stockholders
Preferred
full
premium,
at
paid June
1
been
obtain
may
time after May 10.
the preferred stock.
Rand,
M.
President,
Ltd.,
Smith
Mr.
will
was
added
also
Ltd.—V.
(Canada)
163,
The
final
dividend
•'
$279,926
747
$146,124
$1,848,985
13,874
$2,442,243
.910
$280,673
$147,034
$1,862,859
$2,450,185
'
31,250
31,250
375,000
662,500
261,361
I
100,989
Crl.728
will
I.
Smith,
C.
';
-
*.
*
266,856
266,856
.
also
officers
the
to
'
"
.
became
of
line
a
directors
in
of
Production
Nakano store
located
is
at
Fort
and
of
household
dry goods.
during 3.945 were $938,000, the Cus¬
profit after reserves for taxes amounted to $35,250.
K. Nagano, Ltd.,
worth
Mr.
bids
the* company oh
continued.
of
Dec.
Markham
the property
on
will
31,
"
•
be
1945,
approximately
was
:
received
until
3:30 p.m.,
Mr.
Markham
seized
explained
that
the
shares
of
Nakano
stock
were
Oct.
4, 1943, under the terms of the trading with the enemy
formerly owned by Kyoichi Nakano and Hiromi Nakano,
residents of Hiroshima, Japan.
>
• ■■■
,
"
on
and
act
were
Eastern
Nashua Mfg. Co.—To Vote
Monsanto
Inc., below.—V.
Textron,
Sale—
on
163,
1288.
p.
Nashville Chattanooga & St. Louis Ry.—Bidders for
„
Bonds—
is
It
Co.)
reported
that
three
investment
banking
groups,
one
led
by
Morgan Stanley & Co., one by First Boston Corp., and one by Halsey,
Stuart & Co., Inc., are preparing to bid for the $15,060,000 of new
1946—12,Mos.—1945
bonds
$1,756,942 $17,902,821 $20,916,881
that
the
company
"is
planning
bonds
to put up for competitive sale
dated Feb. l, 1946, and will mature
bear the guarantee of Louisville &
374,079,
363,758
4,840,964
5,637,179
on
May
9.
The
337,989
1,636,813
5,050,868
on
Feb.
l,
1980.
143,757
"132,147
1,708,774
1,641,063
Nashyille RR. as to both principal and interest.—V. 163, p. 1731.
125,000
„
•
Pauahi
(EST)
May 24, 1946, by the Alien Property Custodian at 120 Broadway, New
York, N. Y., and until 10 a.m. (Honolulu Time), by the APC's office
in the Yokohama Specie Bank
Building, Honolulu.
Vice-President, of
products
of
said the
Net
Sealed
-
Monsanto
Laucks
board
Alien
Markham,
is offering at public
said.
Total net
—
125,000
1,500,000
1,967,611
new
are
bonds will
The
of
Amort,
-
Net
Other
utility
oper.
income
registration statement
authorized but unissued, r
' ■
'
" ' "r V
1 r,
The company plans to issue warrants to stockholders providing for
subscription to the new Issue on the basis/of one new share for each
five held at a price to be determined shortly prior to the effective date
of the registration statement.
Application will -be made to admit the
warrants to trading privileges on ,the New York Curb Exchange^ War¬
rants will be valid for fourteen days after date of mailing.
Emanuel, Deetjen & Co. was named as the principal underwriter and
plant
(net),]—
;
$867,174
.kv
3,358
,14,359
;
$6,620,160
91,294-
*$8,199,296
$798,048
*
Gross
462;419
•,
Int.
on
Int.
on
$812,407
income—$370,532
mtge. bonds_i:_2';'
debentures—'!— '
95,833
''..147,451
"
and
Other
expense———
,
$8,661,715
$6,711,454
1,632,938 '!;i,808,407
"
44,i25
' 529,495
433,892
^
int. -and
Net. income-l--^—
applic.
•
..
t
*
%'■*;.
*-
A-
* •'
-
-
During" the year regular quarterly dividends on
the 4.90% cumu-
preferred stock were declared and paid and,
subsequent to the
' '
2,594,266.
s*925 " <62,151
2,53a,
.
t
■
T
issue.
31,621
$774,262
$617,368
,
! !•
•
■
purchase any unsubscribed portion of the new
i
V
-
-
-
-
;'v
J The additional
136,673
Marks,
$4,205,258
.■.-957,-534;
$3,938,468
957,534
to pfd. stock for period—.—
.
a
*
will form a syndicate to
150
287
will be
"Including
—/———L_——!———
for
the
12
months
ended
lion-i-ecurring-tax benefit, $2,800,000.—V.
•
t
^
'f j'r;
deducts/
stock.
common
13,113
revenues
Inc.—Registers With SEC—
April 22 filed with the SEC
issuance of 397,644 shares of
c-n
the
Covering
adjustments—
acquis,
National Bellas Hess,
Company
3,861
—
—
new
'
Mobile Gas Service Corp.—Annual Report—
lative
r'V
276,559
Other taxes
proposal
^
for
capital to be received from the sale of additional stock
employed for expansion in the retail field, according to George
President
of
National
stores and improvement
Bellas
Hess.
Plans
include
setting
up
of existing outlets; increases in mail order
catalog and provision for wider circulation; broadening present lines of
all 500,000 outstanding shares of the former.—V, l63j
r
thereto, $98,122: total, $8,418,120.
recoverable portion of prior years' Federal taxes
recoverable portion of prior years' Federal
arising from caTry-back of net operating loss anc'.
profits credit, $2,345,000; net loss for period, $914,084.
Gross sales of
todian
See
$1,786,569
expenses,.—
$1,160,207
common
s
"
1946
28,
$3,259,084;
Markham
carries
Vice-President and
1946—Month—1945
laxefe
Balance'
*
Feb.
Streets, Honolulu, and deals primarily in medium-priced wearing ap¬
parel for men, women# and children.
He added that the store alsc
periods prior to Dec. 14, 1944, consolidated operations
and former wholly owned subsidiary,
revenues
$1,427,>063
to issue and sell an additional 200,000;
stock to its parent, the Electric Power &
Light Corp., for $2,500,000 has been app? .;ved by the SEC.
The latter
-
credit
E.
James
company
Operating
7,942
»
8S;049
$880,161
2X60^ r"
ended
months
war
Property Custodian, announced on April
sale 53.3% of the outstanding commor,
capital .stock of K. Nakano, Ltd., wliich operates the "Bon Ton" department store in Honolulu, T. H.
v.! >vr"
Co.—Earnings—
deplet. res,, approp.—
Amort, of limited-term
To Issue Stock—
-
six
miscellaneous
of
income attributable
on
163, p. 1432.
20 that he
2010.
p.
Operating
Federal
Dividends
1
the
for
costs
income
on
Mr.
distribute
latter
the
while
Ltd.,
Other
Ltd.
732,000
—
company owns
$0.76
(K.) Nakano, Ltd., Honolulu, T. H. — Stock Control
Offered lor Sale by Alien Property Custodian—
(Canada) Ltd.
are
L.
G. Ryan, President; L. E. Ryan,
Vice-President; J. P. Shea,
Treasurer; H. E. Potter, Secretary, and K. B. Owens, Assistant Sec¬
retary.
.
«
Under the new arrangement, the Vancouver company will serve as
a
Western Canada sales outlet for products of Monsanto
(Canada)
(Canada)
Monsanto
735,000
7,833
no-par
$722,725
administrative and general expenses,
interest expense, $94,496; miscellaneous deductions, $13,620;
$332,000,
Laucks,
of
Director
Managing
61,000
21,593
of
1,712,500
$613,582
$0.64
*
April 23 announced. that Monsanto
on
consolidation,
the
with
Coincident
64.000
to construct.
company's
$2,435,225
1,112,500!
Property retirement and
$222,061
$86,358
Dividends applic. to pfd. stock for period—
The
Feb. 29, '44
$1,726,082
,12.345.000
shs.
$8,290,731;
deferred
unused excess
Chemical Co.
Monsanto
of
697,896
income
shares
on.950,615
statement
sales,
for
income,
—V.
of
Montreal, a subsidiary, has acquired the capital stock
of Laucks, Ltd., adhesive manufacturers with headquarters at Gran¬
ville Island, Vancouver, B. C., Canada, and will operate the company
a$ a wholly-owned subsidiary. Laucks, Ltd.-was'formerly a subsidiary
1,080,030
5,769
Balance
Net
loss.before
Amort, of debt discount
'
income
reserve
$1,086,238;
Ltd.,
Period End. Jan. 31—
'
Net
"$3,259,084
taxe^;<f[st.)
"$914,084
Federal taxes
Subsidiary Acquires Unit—
1,846,315
727,554
21,593
and
Feb. 28, '46 Feb. 28, '45
«
^
Cost of products sold, $10,488,852;
«
,
the
change
income, $29,267; portion
production credited to income—
equal to reconvers'on costs of aoproximately $335,000 included in costs
and expenses for this period, less recoverable portion of prior years'
of
appointed redemption agent.
the redemption price, including-
any
on
78,074
deducts.
int.
chgd.
The
•
316,967,
the 210,000 shares
1
to
.
The
265,996
adjustments—
acquis,
Int.
of
proposal
a
Loss.
follows:
preferred stock outstanding.
The stock consists of 50,000 shares of
$4.50 series A, callable at, 110; 50,000 shares of $4.50 series B, call¬
able at
112.50, and 110,000 shares of $4 series C, callable at 105.
Etc.—
1946- -12 Mos.—1945
1946.—V. 163, p. 315.
tRepresents recoverable portion of prior year's Federal taxes
tfn income arising-from carry-back of net operating loss and unused
excess profits credit.
'
of
Amort,
Other
"
stock held
total
charges
Earns, per com. sh.
on
Montana Power
$1,106,302 $11,221,391 $10,667,323
5,715,154
555,108
6,063,537
*
Split-Up Approved—
approved
16
profit.
taxes
investments
Net
the
after
Net
shares.
84,003
taxes—.—
Of
April
on
Fed."inc. &'excess prof,
subscription offer. The underwriters have purchased
from the company, and have sold, the remaining 4,686
157,609
taxes—
Other
common
stockholders
6 Months Ended—
Net
the
of
1946—Month—1945
'
one year's interest will be made on account
interest in the second mortgage income convertible bonds
equivalent to
of
t
shares thus offered to holders of the company's common
stock 312,281 shares were subscribed for pursuant to
(Including lor
$1,197,302
611,764
revenues
and 2010.
Murray Corp. of America—Earnings—
Sold—Smith, Barney*
& Co. April 26 announced the sale of 4,686 shares of,
$3.25 dividend cumulative preference stock, series A (no
par). The company offered to the holders of its common
stock during a subscription period which expired at 3
p. m. on April 24, rights to subscribe to shares of the
cumulative preference stock, series A, in the ratio of
Mississippi Power & Light Co.—EarningsPeriod End. Jan. 31—
1432
pp.
•authorized capital stock from 200,000 shares of no par value to 500,000
shares of $5 par value, two of the new shares to be isued in exchange
for each no par share held.—V. 163, p. 1031.
Co.—Stock
Glacier
Operating
Operating
The
of
Chemical
Monsanto
Powder
above.
109,518,265 100,077,598
102,515,547
—
May 25, 1946 to holders of record May 10,
Canada.
United
and an officer in the Malone Bronze Powder Works,
and the Canadian Bronze Works, Ltd., subsidiaries.
Milliron's, Los Angeles,
See
April
the
^
-333,150,636 31-6,811,579 299,588,586
arrears
162, p. 2948.
one
to
shares
the .5,000
standing were divided
par value
(no shange
(Canada)
Registered—
^
39,652,4701'; 31,777,287
19,025,719
18,605,180
18,698,03?
167.125,235 149,035,664 149,035,664;
Munsingwear, Inc.—Stock
April, 1945, under an amendment to "the certificate of incorpora¬
William
The
on
$4,223,216
Total
1570.
p.
Merchants Distilling Corp.—Stock
.
44,278,550
41,753,415
172,268
President,
taxes Jan.
volume of sales, the earnings of U. S.-Mengel
Plywoods, Inc. for the first quarter of this year have increased sub¬
stantially in comparison with the past.
Our equity (507a) in such
earnings for the quarter amounts to approximately $50,000, which,
after taxes, is equivalent to 10 cents per share of our common stock
outstanding at the close of the quarter.. U. S.-Mengel Plywoods, Inc.
results are not reflected in our earnings, as that company is following
a program of expansion
and no dividend policy has been formed."—
and
.
!— " 4,505,000
■
44,484,135
—
„—
surplus
Payment
274,633
states:
-
18,689.
19,253
172,312
1 such share for each 4 shares of
Mengel Co., Louisville, Ky.—Earnings—
;
of
2,851
,
655.
p.
16,958
280,371
V.
$247,119
104,187
earnings for common
Earnings
777,678
16,362
accounts
surplus
tion,
1,973,
4,012
earnings for period
Dividends on preferred shares
$3.69
1944
1945
Mount Hope Bridge Corp.—Interest—
269,067
profits tax
interest
Net
Net
839,975
(utility plant, etc.)
surplus
.
161,161
384,248
taxes
income
State
.Federal excess
Minority
11,047
Contributions in aid of construction
56,411
61,986
long-term debt-
:
;
liabilities
163,
343,320
13,276
8,263
_
Capital
380,950.
371,797
and
•
117,530,922 124,577,979
8,819,426
8,789,158
2,685,000
8,403,588
•!
Total
77,934
1
;
Earned
$1,116,683
$1,396,535
income
Interest
-
39,654,992
Capital stock
68,835
accrued
"In
Depreciation
- '
31
333,150,636 316,811,579 299,588,586
Earned
7,350
75,151
Reserves
$9,210,215
7,584,180
586,772
expenses
'
—i'137,599,751
!
assets
241,985
•
32,350
deposits
Reserves
Mar. 23, '46 Mar. 24, '45
administrative
inventories.-
etc.
Reserves
1,400,000
1,380,000
Customers' advances for construction
$1,375,384
and
20,677,098
1,410,878
10,434,294
$3.81
.
1946
LIABILITIES—
($100 par
payable
Accrued
sales
of
-$4.12
expenses
Current
$430,701
600,000
$430,701
First mortgage bonds, 3%
2009.
discounts
sales-^-less
1,410,878
Total
$4,366,315
-
(no par)
preferred stock
cum.
Accounts
I Mead Corp.—Earnings—
Selling
10,434,294
——
'
Investments,
•
Net
._
_____
10,232*
«-
$4,229,216
stock
Interest
Cost
Cr64Q,oOo
21,285,839
1,410,878
10,434,294
22,932,025
Cash and U.; 3. securities..^———a $98,892,914 $95,509,773 $77,203,46?
Receivable, less reserves
!
48,599,391
48,693,043
42,054,432
Merchandise
353,010
300,355
LIABILITIES—
'
12 Weeks Ended—
14,830,000
——
._
on common,—..
ASSETS—
'
7,375
r
-
213,289
1
—
"Common
over
163. p.
11,895,000
>,
21,485,000
'
Total
on April 24, R. F. Coppredge, Chairman
that a" $5,000,000 construction, program- is
the next two years.
The program will include
building new stores and remodeling existing outlets, but temporarily
building restrictions may cause a delay in construction, he said.
Stockholders approved an amendment to the corporation's by-laws to
increase the number of directors from 10 to 11.
Roger W. Babson
was
elected
a
member of
the board.
Previous directors were re¬
flected.—V.
12,950,000
13,840,000
'VM CONDENSED BALANCE SHEET, JAN.
* 1,990'
216,935
'
100,150
;
Temp, cash invest.—U. S. Treas. bonds & notes
announced
board,
,
"
"
—
receivable
the year—.
dividends
.
$3,460,169
$3,547,235
-
Special deposits
Accounts
A
for
Earnings per common share
285,510
At the annual meeting held
the
*
•
]
593,159,432 568,377,245 560,356,212
3,362,225
3,525,439
3,644,511
ptop.—
state .income .taxes.—_
profit
Dividends
■
Other physical property;
<
company
Net
100,000 shares now outstanding.
on
Prepayments
:
.
32,028
share
Materials and supplies
contemplated
general
and
profits taxes (less refund,
I portion)
Prior year's refund, exc. profg. taxes;
McCrory Stores Corp.—New Director, Etc.—
of
selling,
sales,
/expenses, & aU taxes other,; than
Income taxes -U—
^
Deprec. & amortiz. of fxd.
$437,307
dividends
Utility plant (at original cost) incl.intang
p. 2582.
!
C ost of
130,784
47,895
—
BALANCE
1
rate.
1944
1945
Jan, 31-
.
$308,523
$185,313
per
"Based
"
replacing the
to
given
54,107
61,461
dividends
Common
experienced in 1945 have so far been
1946, Mr. Pritchard Stated, and first-quarter earnings
in excess of the same period in 1945, he said.—V.
158,
sales
-$171,747 *
$233,208
$10,100,000 of 4'/4 %
issue, bearing a lower dividend
r»ew
a
'
Record
announced.
and the book value
1946
299,716
.
Excess
Ltd.—Plans Refunding—
under way for refunding of the
V
...
totaled $167,125,235,
stock was $47.82 per share.
common
COMPARATIVE INCOME ACCOUNT
•
66,346
—„
Net income
Preferred
are
67,103
196,833
—'
income
Earnings
Oil Co.,
2,622,790
V 54,465
expenses
income taxes
year was J$102,515,547. .
The capitajKstqck accounts
vmmmm*
•
1030.
McColl-Frontenac
prior to 1922 which had
capital, and $158,642, an
the
.
1944
$3,337,601
Utility operating income
income (net)
$307,165828,171
share
per
163, p.
approximately
1945
Other
828,171
shares
account of an Amount equivalent to losses ;
previously been absorbed against
adjustment necessary to reflect
the cancellation of the class "A" treasury shares.
The outstanding ' -' '
class "A" stock was recorded at its liquidating value of $100 per share.
After these adjustments, the earned surplus balance at the end of
incurred
654,778,682 620,968,523 595,932,821
$0.42
common
to
$3,072,711
—
Retirement reserve" accruals
355,000
$391,544
income
restoration to the capita!
-
,
revenues
Income deductions
Net
Number
f
paid-in
.
.
.
21,086.
$676,647
Income
,,
,
COMPARATIVE "INCOME STATEMENT".,;.
Operating
Operating
$652,570
24,076
operations
,
1945 quar¬
May 22,
on
-
Federal excess profits tax
Net earnings from
Income credits
?
„
Calendar Years—
"
$1,153,338
1945
1946
Quarter Ended March 31—
I
"•
*
has been widely distributed
residing in many states.
Common
.
Earnings—
Mathieson Alkali Works (Inc.)
-
v
the common stock.
on
stockholders
775
.
S
^
terly dividends at the rate of 25 cents per share have been declared
,
;
1'
stock to the public
v, ^
,
Jan.
$2,980,934
31,
1946,
163, p.- 1432,
-
s
result
of;
--r.;,*
assisting
adding! new; Mnes;;?iraproVing, physical properties and
increased time payment accounts and carrying
financing
in
larger inventory made necessary by increased operations.—V.
p. 1173.
*
> !
*
the
162,
--
Montgomery Ward & Co., Inc.—Annual
Report—:
The earned surplus account'was reduced by $18,089,571 in connection
a restatement of the class "A"
and common stotjk accounts and
the cancellation of 3,446 shares of class "A" stock previously held
with
in
merchandise and
$3,247,724
the
the
treasury.
Of the total adjustment, $17,930,929
represents the
'
'
National
tions~rr
■:
Distillers Products Corp. —Stock
■
^
Subscript
'1'
"Seton Porter, President,' announced April. 25 that the company^re¬
$23,553,428 from its. recent stock-offering, a portion of which
ceived
i&:4:
2296
—
v.'■ *■ V-.''
7■■
:j> '^'^-:::'-":-'''--:^j:
-
used
-7
pay off the $18,500,000 long term bank
balance was added to the company's working funds.
how has no " bank loans and no securities other, than
Jvas
to
outstanding.—V*- 163,
'4-z\f -y:r
^
loans
The
company
.•■
:
:-y'x-;,y
Investors Corp,—Earnings-—
March. 3*-?
71948 '
1948
income
General
Taxes
$98,393
For
„
20,866
.'
expenses
1,737
-
1943,
$84,700
$95,679
15,902
16,178
2,760
6,602
>
'"Other
expenses
600
—
'■
■
-ji.-ni■
■*
■
"J
11
"
11
•
■"■
"
■"■"
'
""""■
Net income
$10,919,581
%
ended
Association—Output—
Other
appreciation of investments
1945.
BALANCE SHEET MARCH 31, 1946
ASSETS—Cash
at
in
cost, $8,811,345;
$72,898
'
'
i^'v.Th;,
.
,
Operating
Operating
,
Federal
banks, $353,600; investments in common stocks—
receivable for capital stock sold, $74,748; dividends
Other
<
,
' 1
'
Int.
Split-Up Pro¬
taxes
I.
M.
Weinstein,
President,
anticipates further
reports
that
the
improvement.—V. 163,
corporation's
income
—V.
•
July—"
Close
;
"V
pp. 11731,
income
Other railway
Net
Chicago
increase
of
present ceiling
prices
wages, the company finds
in
on
$6,063,171
Cr228,000
416,482
taxes—
taxes
it
^National Tea Co., Chicago
^Jan. 1 to March 23—
♦fconsol. net profit......
per
in
."♦Before
making
1945
$450,099
"< $0.68
318,166
provision
for
1944
ployees
total
but
after
the
pro¬
serials
in
increase
$1,378,391
be
can
of
$83,827
increase
$2,091,897
in
wages
for
1946, in accordance with
to all applicable em¬
in
of
wages
trainmen
(including
and
taxes),
enginemen,
less
income
were
of
new
a
voted
was
at
the
Light
1945
warrant
on
No.
6
the
on
terminal
first
Nos. 7 and 8.
,
Metropolitan Life Insurance Co., the debentures;
The financing was arranged by Lehman Brothers and
Hayden Stone & Company.
payable
office
at
age
interest rate of
interest and
calculated
The
Charges
the
on
nanced.
4.40%.
over
$
Fed. inc. taxes
Fed. exc. profits taxes—
The
purposes.
*The serials
balance
the
of
funds
will
be used
for
general
corporate
due
166,073
475,000
in
beginning April
158, p. 1175.
1,
equal annual instalments of $800,000 to April
an annual sinking fund of $800,the balance maturing April lf 1966.—V.
The
~
• •
-*
•
j
stockholders will
vote
at
the
revenues—_
♦Ooerating
Fed. inc. &
Other
31—
-
expenses
exc.
1946—12 Mos.—1945
1,331,731
1,764,539
2,088,933
1,817,387
6,958,047
8,011,992
7,475,535
6,888,165
■■■
.
5
Net
operating
income
income—net
Other
$3,594,160
Drl08,146
.
I
.
' v
$5,731,240
pfd. stocks of subsids.
Net
income
Reservation
of
by subsidiary
Balance
$4,856,726
net
Total
income
$3,486,014
Interest deductions
.
.Net income
Dividends
1,084,865
•
$2,401,148
2,333,551
...
'?>J
*»
Balance
,
Earnings
per
♦Excludes
,
-J.
$2,421,992 $10,129,102
2,333,551
9,334,206
...-v.,
._
(
8,945,280
.
share...—
amounts of
,
$67,597
$1.54
$88,445
$1.56
$794,896
$1,012,607
$6.51
$6.46
operating
for
expenses.
profits tax
Other income
excess
nonrecurring items.
equal
on
of
not
the
to
less
than
amounts
liquidation.
$21.75
to
whicli
"
2162.
p.
(Del.)—Weekly Output-^-
Judge
June
25
Gunnar
H.
hearing
a
Nordbye
on
a
plan
at
Minneapolis
has
for liquidation of
the
<
of
Lehman
Brothers,
already has approved a dissolution plan of the
filed in March, 1944.
The Commission, however,
adjournment of a hearing for enforcement of the
an
District Court in Minneapolis,
par)
stock
common
»•
■
of
Northern
imt&rr
;
the cihtire
States
Powtr
subsidiary, would surrender to the Minnesota
481,111
common
shares
for
retirement.
The
remaining
shares would be reclassified into 8,216,228 shares (no
stock,
to
Each preferred holder would have a
10-day period withia
sell the shares of common to underwriters
for
could
the
stock
mon
cash
to the call
Under
price.
the public
plan
would
be
offering
less
not
than
price
$14.50
a
of
the
share
reclassified
and
the
com¬
bonus
to
be
paid would be a maximum of 10% of the call price.
Following the distribution to preferred stockholdings, the balance of
the Minnesota common stock would be distributed to the
Delaware
clcass
the
and
class
A
A
holders
class
B
stockholders on the basis of 86.7%
13.3%
to the class B holders.—V. 163,
common
and
to
p.
2162.
Owens-Illinois Glass Co.
(&
Subs.)—Earnings—
Year Ended March 31—
Net
$5,583,740
2,424,025
1946
1945
-
$7,368,609
$3,159,715
Gross
share
^,
HOURS
GENERATED AND
.$0.43
12
months
ended
months
March
31
ended March
Other
$0.10
*v
:'
2
3
12
•
•/
-
.
•
>'■
-
••
'
j.
months
ended*
March
—
Federal
31^—«—_——
2,440,683,700
8,766,467,300
: ;%*6ales w:mm: gas, M therms
profits
8,783,341,200
hl|'xith8 ;Wnde<^ March 31—-4——
;o.r
months
-ib-*i"•
.•
ended
March
31
12 months ended March 31—
—V. 163, p. 2161,
-
'
"
1946'
'
1945
leased ?
10,629,215
2,661,204
——
Tequipihent;; '1940,
'..25,621
6,004,232
.
2,661,204
$3.99
—
of
4,316,679
28,297 "
"
$3.01
manufacturing plants and amortization
$3,129,113 ;1945, $3,599,285.
^
have been made of the figures for
31, 1945, to conform with the
classifications used for the 12 months' period ended March
31, 1946,—
the
20,390,669
.
,
.
23,040,834
10,694,309
NOTE-^eftain, ,^eiassifications
>-
9,206,904
29,568,755
taxes
share
per
507,573
1,663,137
27,015,841
5,693,529
10,664,800
surtax
tax
♦Including>nde)ireftiatlon
of
10,800,340.
—
and
ari^'^Miii ihcome
Earnings
.
3
tax
W
24,196,397
i
wNet' prbtymi yelf——
Number'bf Snares dutstanding
1945
2,537,351,100
normal
State
vf
:
$ -
...ig^rru-
trust
.
Federal
SALES;.©E MANUFACTURED GASpd^hCU<£IC FEET
.
•
■
24,830,099
3,766,692
1,580,950
—
retirement
Balance
1945
—tiiani
:
to service
fd
f
PURCHASED
3,042,791,584
ll;lB19,li?Bli731 12,012,436,568
—
profit
income
Payments
2,822,053,371
31——.
$
other
and
——
2,424,025
$989,036
sales
operating revenues
173,064,785 170,351,379
♦Cost of sales and other operating expenses..
134,907,527 133,102,072
Selling, general and administrative expenses..
12,602,796
12,433,979
Provision for management bonus
642,500
599,041
Interest expense
44,395
16,769
Sundry expenses and losses
UL
'
37,465 7
3,127
V;
„
income
Pro vision
District
he
equal
1,476,000
$9,792,634
$1,595,042-
"1946'
3
$195,204, $840,112, $755,850, for the
representing that portion of employees' ser¬
Federal
current
offering price
value
a
entitled
12
months'
period
ended
163, p. 1732.°
March
'l;.-'. ;
.
77
r::.77 77 7-7777. 77777
$173,565,
were charged to miscellaneous deductions
in order to comply with the
accounting requirements of
Communications Commission, and are included in "other
income—net."
Company considers that these amounts were, in fact,
from
the
1,246,000
$4,130,720
KILOWATT
Noma Electric
Ctfrp.—Absorbs Two Subsidiaries—
respective periods shown,
vice pension
accruals, which
.
are
com¬
*
$9,957,888
:r|-'.
the
its preference
$
606,006
^
'
of
Delaware
which
$7,059,740
606,006
Balance
Earned per common
.
$3,533,961 $14,492,086 $14,517,539
1,111,968
4,362,984
4,559,651
369,000
$4,736,726
—
.
•
have
until
stock.
mon
7,356,796
$1,964,042 $11,038,634
120,000
co
pfd. stocks of corp.—
11*967,656tDr2,177,735tDrl,446,197
■ -L
5,743,093
by
par>
be held by the Delaware company.
company would then distribute to its preferred stock¬
holders shares of the Minnesota company's common stock
which would
have a value equal to the call price of the
preferred.
The stockhold¬
ers also would receive a bonus to
encourage them to retain the
666,904
inc.
Dividend requirements on
$4,501,617 $16,669,821 $15,963,736
)
1,839,199
public
will
shares
shares (no
(Minnesota), its
The
$3,803,241 $16,781,727 .$14,416,536
874,514
plan
a
directed
as
'
$30,303,929 $27,746,668$117,503,654$106,180,044
23,289,104
19,663,124
86,400,250
75,316,150
prof. tax.
434,713
Corp., have filed
West
company
common
fjj
$6,223,945 $29,823,175 $27,099,928
2,420,704
13,041,448
12,683,392
1,842,409
Balance
-
1946—3 Mos—1945
taxes
$7,573,649
deductions
Dividend requirements on
'
Operating
172,846
3,597
Commission
3,518,889
$6,051,099 $29,388,462 $26,433,024
36,097
$321,438
-
company
annual
••?*«$ change in the nurpber of .shares, is. involved.—V. 16$ p,. 196.
.7.
77 v 77 V 7,7 ■ V7
hfjNew England Telephone & Telegraph
Co.—Earnings—
kar.
$7,537,552
Gross income
Income
,
•-period End.
Crl8,277
appr.
5,413
$356,952
16,924
company, as holder of
1946—12 Mos.—1945
$
6,583
$325,036
the purpose of considering new
plans.
Under the new plan, the Delaware
115,040,985 115,186,086
15,227,315
60,933,451
61,578,845
1,406,139
6,563,761
5,260,874
3,176,300'
1,659,400'
4,647,700
163,728
697,679
693,322
300,000
1,387,010
1,225,450
3,768,829
14,526,299
14,768,259
Cr68,817
Crll5,077
578,612
3,737,219
res.
Other income
.<
Co.—Proposes Reduction in Capital—
meeting on April 30 on a
proposal to reduce the company's stated capital from $8,962,380 to
$7,000,000.
The reduction would be a step in a plan to create a re¬
serve of $1,962,380 to absorb
recurring losses on cases of farm lands,
and take care of improvements.
I
■
7
(Of the reduction in stated capital,
$824,972 will be used for the
reserve, together with balances of $499,312 and $578,089 in the earned
pnd capital surplus accounts.
There will remain in the surplus ac¬
count a balance pf $1,337,408 available for
corporate purposes, in¬
cluding distributions to stockholders.
'
chgs.
initial
an
that
for
30,024,593
•
>
Natomas
water
Operating income
1957,
r
-■-..jt*
State
Other taxes
f 1 '1956, and the debentures require
000
Y.
Emerg. divers,
...
are
3,103,900
Canadian income taxesN.
—
4,000,000
$
"
29,760,269
14,758,802
8,402
$328,279
3,597
approved plan, now before the Federal
,.t
J.—
N.
$351,539
Crl23,209
Wisconsin Power &
at
granted
was
"
1946—3 Mos.—1945
Operating revenues
Oper., maint. & deprec.-
and carrying an aver¬
Combined average annual charges for
years
on the new
$20,000,000' of obligations are
approximately equal to the combined average annual
$7,800,000 of underlying mortgage debts being refi¬
be
Paterson,
Co.
Delaware
Co.
debt retirement
to
company,
203,976
$318,453
291,709
Securities Co., Inc., rep¬
resenting 18.44% of the company's class A common
stock, submitted
a plan to
the SEC April 22 providing for the distribution of
Northern
States holdings and its eventual
dissolution.
Niagara Hudson Power Corp. (& Subs.)—Earnings—
Period End. Mar. 31—
$7,800,000 of the proceeds will be used to purchase
holders a like principal amount of underlying mortgage
present
the
'r>
Approximately
from
of
ret.
221,966
$319,876
tax
A
group of common stockholders composed
Riter & Co., Lehman Corp. and the
Overseas
mortgage
'
is
163, & 1870.
273,738
160,509
157,800
Judge Nordbye granted the motion of John W. Christensen
of Phila¬
delphia, attorney for the SEC.
^
Following the action of the Federal District Court in further
post¬
poning hearings on the plan, the SEC ordered the record
reopened
and set a hearing for May 27 to consider the
amended plan sub¬
mitted by the Lehman Brothers
gioup as
well as any other plans
which may be submitted to the Commission.
.
Interest
287,386
225,100
Crl02,000
227,626
tax
company.
,
V.
1,542,789
173,700
271,300
Cr78,100
Hearings Off Until June 25—
The New York Stock Exchange directs that the bonds
be quoted
ex-interest,2% on May 1, 1946, and that the bonds shall continue to
be dealt in "Flat," and to be a
delivery in settlement of Exchange
contracts, made beginning May 1, 1946, must
carry interest warrants
the
892,929
1,548,199
an
preference
Federal
gold bonds, due 1943, will be paid on May 1, 1946.
Said
payment on registered bonds will be made to holders of record at the
close of business on April 27, 1946.
'
$4,500,000 and $3,500,000 respectively* and
1945
$3,599,382
974,051
West
continued
New York Susquehanna & Western
RR.—Interest—
the
debts having an average life of about 4!/2
expense.
$3,625,546
output of this company lor the week ended
April 20. 1946,
45,666,000 kwh., as compared with 46,695,000 kwh. for the
corresponding week last year, a decrease of 2.2%.■
obligations, and that directors feel the primary consideration
problem.—V. 163, p. 908.
2%
♦Pro Forma
1946
$3,822,045
995,862
1,616,262
295,516
Electric
1,
of
by
totaled
is the solution of the debt
Interest
helg
1946
163,
as
50-year 5%
Department
are
Sub.)—Earnings—
Northern States Power Co.
gone
to reduce
shares
All remaining assets of the
company are to be distributed to Middle
West as the holder of all other
preference shares and of all common
shares of the company.—V.
the preferred last year with a distribution of
$1.50
followed by another payment of the same amount
March 1 this year.
Mr. Tully replied that surplus earnings have
now
Treasury
a
West Utilities Co.—Files
Liquidation Plan—
share
the
.
of
(&
company and its parent, Middle West
the SEC for the liquidation
of North
per
sumed dividends on
September
162, p. 2186.
order dated Sept.
io, 1943.
proposes to distribute to the holders
stock other than Middle
West, the common stock of
to resumption of dividends
on
the common stock, and the likelihood of
the $5 non-cumulative
preferred being placed on a regular dividend basis. The
company re¬
on
$445,505
$324,681
Commission in
which
1944
>
$367,372
outstanding
surtax
profits
deductions
The
with
Refunding—
mortgage
will
,(
162, p. 2020.
income
North
raised by stockholders
duties
2161.
1945
obtaining
the
expenses
and
excess
North
a
taxes
redeemed is Aug.
authorization
Questions
Corp., April 24, announced that its theatre subsidiary,
Corp., has concluded arrangements for
private sale of $20,000,000 principal amount of
debt obligations to the Metropolitan Life Insurance Co.,
the Bank of America and Chase National Bank.
The
obligations, due over a period of 20 years, have an aver¬
age life of about 13 years and bear an average interest
cost of about 2,82%. They were sold at 100, and consist
of $8,000,000 10-year 2% serial notes and $12,000,000 20year 3%
debentures.
The Bank of America and The
the
estimate
his
p.
$340,027
Adjusted to exclude the operations of Texas
Motorcoaches, Inc., a
subsidiary company operating interurban bus service
between Fori;
Worth and
Dallas, Texas.
The company sold its bus
equipment and
operating rights on May 28, 1945, and was
dissolved on Sept. 12, 1945
—V. 163, p. 1573.
105,000
annual meeting.
the
purchased
includes
of
taxes
Income
1, and the call price is 105. To enable
the refunding to be carried out, stockholders
reaffirmed and extended
National Theaters
Bank
account
also
and
of
bonds
;fNational Theatres Corp.—$20,000,000 Notes and Deben¬
tures Sold Privately — Twentieth Century-Fox Film
amounts
corporation
majority
Gross income
writing agreement.
D. L. Tilly, President, told stockholders
that the company may be
able to do even better than the 3%% rate which
was under discussion
last year.
The new bonds will probably run for 25
years, and the re¬
funding will probably include the clearing up of bank
loans, which were
reduced to $750,000 on April 2.
The next date on which the present
$0.20
dividends,
1946
Operating income
The company next month will resume negotiations to refund the
$10,000,000 outstanding first mortgage 4% bonds, due
1951, stockholders
were informed
at the annual meeting on
April 23. Because of time
limitations last year the company was unable to
complete an under¬
reserves for Federal income tax estimated at $290,000 in 1946,
$170,000 in 1945, $33,000 in 1944, and $115,000 in 1943.—V. 163, p. 1869,
National
145,000
$837,909-
New York Dock Co.—Plans
viding
Chase
35,000
*$295,224
payroll
applicable thereto.—V. 163, p. 2161.
$143,986
$0.04
preferred
surplus—
and
163,
Corp.—Earnings—
Other income—net
Arbitration,
1943
$45,879
$0.32
the
a
operating
Net
Cr22,942
*
Ansonia
Rayon Corp.—To Redeem 6% Prior
from filing of consol.
Depreciation
1946—3 Mos.—1945
the
$222,201
to
because
Federal normal
RR.—Earnings-
the months of January,
February and March,
wage agreement by the Board of
recent
sell
subject
Other
473,277
♦Deficit.
(& Subs.)—Earnings—
1946
"
share—
com.
to
NOTE—Above
.
Chicago area and to absorb the freight' necessary to sell on the
'Gary Base'," Mr. Clifford said.
"As long as present conditions exist,
the Spang-Chalfant Division cannot justify continued shipments into
the Chicago area.
""However,- in order to minimize as best it can the already acute
shortage of pipe in the area, the Spang-Chalfant Division will con¬
tinue shipments through June."—V. 163, p. 2160.
Earn,
•
Noma
Actual
$9,402,631 $17,032,892 $24,961,255
1,796,000
39,000
2,991,000
375,359
1,065,472
1,163,935
1,200,847
926,231
3,620,746
872,909
228,827
2,196,897
♦SI,710
of
Division.—V.
♦$88,143
Operating revenues
Equipt. maint. and garage
$1,456,249
1946—Month—1945
the
depreciation,
North Texas Co.
$1,929,526
369,548
...
and
is
Federal
income
income—
Balance
welded
pipe,
unprofitable to
Sales
12 Months End. Feb. 28—
251,546
$2,321,616
Sales
Vice President, on April 17 announced that the com¬
Spang-Chalfant Division has announced termination of ship,
ments of pipe into the Chicago area and plans to close at an early
date the company's Chicago sales office which has been in existence
almost fifty years.
The Chicago market comprises Northern Illinois,
Iowa, Nebraska, Wisconsin and Minnesota.
view
F.
residents of The Netherlands.—V.
1869.
oper.
Net
pany's
^Tn
283,313
with
Vice-President; E. B. Anschutz,
Kirchner, Assistant Secretary.
Irwin
1,632,550
$1,952,068
163,
Federal
E. Clifford,
G.
William
taxes,
be
be
Condi¬
"
,
The directors have authorized the
redemption on July 1. 1946, of
all of the outstanding 30,222 shares of
6% prior preferred stock.
The
call
$3,813,622
1,065,642
6,299
Sinking funds and other
(Pa.)—To
$3,670,571
89,146
•
$307,542
$173,067
stock for the period_
pfd.
after
will
will
Air
,
Preferred Stock—
$3,823,827
jDrl0,205
3,705
appropriations
Co.
$3,670,571
$268,512
88,500
Period End. Mar. 31—
Gross income-..
160, p. 2759.
Supply
$268,512
$399,747
bonds
to
loss
license
$399,747
New York, Chicago & St. Louis
.
161,
National
duties
and
and
Assistant
Conditioners
North American
business
Sept. 1, 1945, and that
1571; ;
The company's $2 par value common stock was admitted to
dealings
the New York Curb Exxchange on April 22.—V. 163, p. 315; V.
Office in
Air
Sav.
VNational Pressure Cooker Co.—Listing—
1546 and 570; V.
an
the
Gentral
p.
on
pp.
whose
Lunt,
Noma
' '"'i'
'
Assistant Vice-President
now
of
Division
♦But before profit on bonds purchased.—V.
1946—12 Mos. 1945
Balance
cents
volume has shown consistent improvement since
lVe
294,500
income
mtge.
on
Net
"
7
for reducing the par value of the common stock
per share,
and issuing three new shares of
at the reduced par for each share of the present stock.
33 Va
to
common
383,344
Dividends applic.
proposal calls
$1
Treasurer;
Electrical
depletion and interest
$2,592,712 $31,344,483 $30,039,541
1,187,917
15,119,324
13,793,022
571,936
2,936,417
4,442,227
269,847
3,286,648
3,149,465
2,600,006
1,297,000
294,500
3,731,523
3,534,000
268,937
Other int. and deducts.-
the announcement states.
The
officers
P.
North American Cement
"
•7The directors have approved a three-for-one split up of the common
shares, A meeting of stockholders to vote on the action-will he called
from
1,348,859
Net oper.
revenue—
Other income
posed—
soon,
$2,695,387
expenses
taxes
Gross
National Linen Service Corp. —' Stock
1946—Month—1945
revenues
Chgs. in lieu of inc. tax.
Prop, retire, res. appro.
LIABILITIES—Due for securities purchased* $42,449; due for capital
stocks repurchased for retirement $17,594; reserves for expenses,
taxes,
etc., $15,454; capital stock ($1 par), $1,546,972; surplus, $7,636,117;
tbtal, $9,258,587.—V, 163, p. 907.
is
with
Vice-Presidents
Ansonia
respectively.
12 Months Ended March 31—
Period End. Mar.31—;
•'
•
receivable, etc., $18,895; total, $9,258,587.
•
be
:;.,,New Orleans Public Service Inc.—Earnings-
March 31, 1946,
on
'
v
Assistant
Wolf
Noma
Alfred
are
elected
the
Division,
new
Division
April 19,
been
Managers of
Monday, April -29, 1946
m+—m
$66,038
$1,523,229 more than on Dec. 31,
or
C
t-V
$71,178
$75,790
____
NOTE—The unrealized
was
:»
week
2161,
p.
—
*
'
the
Net
'"'■v
have
Corp.,
General
the Association reports electric output
of 11,779,051 kwh.
This is a decrease of 467,368 kwh., or 3.82% below
production of 12,246,419 kwh. for the
corresponding week a year ago.
Gas output for the April 19 week is reported at
143,493,000 cu. ft.,,
an
increase of- 19,288,000
cu.
ft., or 15.53%
above production
of
124,205,000 cu. ft. in the corresponding week a year ago.—V.
163,
-v;
^
1944
$89,430
16,270
1,382
charged
Sales
tioners Sales
•'
-
-
.
was
stock
common
New England Gas & Electric
77y1
7 'Qua*. End.
setting such tax reduction and the balance of these items
against surplus.—V. 163, p. 2161.-
2010.
p.
National
-Total
the
and
Henri
was
Sadacca, President* on April 26 stated that the
iassets and
of The Ansonia
Electrical Co. and Air Conditioners
Sales
former wholly-owned
subsidiaries, have been
operations
Corp.,
parent
of
was
absorbed
company,
Noma.
•
with
operations continued
and
Albert
C.
as
before
-
reduced
by reason of special
charged with an amount off¬
Pacific States Savings & Loan Co.—Claimants Get
Muller,
but
•
as
into
the
divisions
j
fo™*erly President of Ansonfer ElefetfiCal
Co;,
Jr., formerly President of Air
Conditioners
$9,~
000,000 More—Interest to Be Settled by Cour^
An
is
shown
Warren
of
Mortimer
"'When
in
instance of liquidation and financial rehabilitation
in
a
current
report on this company £0 Governor Earl
California by Building and Loan Commissioner Frank C.
outstanding
excess
of
the
seized
of
by
same
State.
7 7
- 7
i,
77
in 1939, the company showed a deficit
Due tn-increase in the value of jreal estata
the-State
$10,000,000^
.
.
,
„
.
Volume 163
THIS
Number 4485
-wyi'v,
•''n
.
and' to "
and
assets
shares
cumulative
$1
this
under
• -W
k vw**- wft'yu v A
1
,
«.« »> <<
preferred stock not taken by the
privilege was sold to the under¬
i^,,'
^
the
of
at $28
writers
^
\
stockholders
operations* by the Commissioner," the company' iiow""Shows "
many mlllions in excess of alIknownliabilitiesr
This is
disclosed In receht.' appraisals filed' with the Court;
.
7: ^ ^ :
The Commissioner has sold 547 parcels of real estate' under his
liquidation program,
including large hotel, apartment, ranch
and,
commercial properties in Calirornia.
Net returns amounted to $19,843,000. Judge Robinson of the Superior Court inspired high bidding
at the hearings on
sales in Los Angeles and San Francisco, Calif.
The Commissioner's gross income
was $48,682,000 during his six
years of management, with net income from operation of $12,643,000.
The report discloses that no fees are paid to the Commissioner as
takes place under ordinary court receiverships or trusteeships.
A solution of the affairs of the company is now taking place through
an
agreement between Commissioner Mortimer
and Facific States.
Litigation between the company and the State of California, which
has
been
continuous
since
1939,
will cease.
The agreement was
reached under the guidance of Governor Warren.
It was approved
by the Attorney General and the Court.
; 7 Under the agreement the company is borrowing $9,554,756 against
its assets—the full principal balance due claimants.
This sum is now
being paid to them-through the Commissioner.
Simultaneously, a
lien is being taken by the Commissioner on all assets to insure any
payment
of interest to claimants, when the
Courts rule on that
matter.
All sajes authorized by Judge Robinson will be completed.
Until the conditions of
the agreement are fulfilled,
the company
will
continue
under
the
supervision of the Commissioner.
It will
not actively engage in the savings, building and loan business.
When
undetermined liabilities are adjudicated
and settled, it will operate
of
2297
COMMgS;CIAL ft
exchange
share, and accrued dividends*'
per
^
-
;
,
as
an
of
owner
Pacific
real
is
States
not
account
covers
balance
be
to
>
:
-
to
permitted
investment certificates or
issue
or
the State
with
impounded
and
the
from
to
the
of
the
$1.40
proceeds received
underwriters,
$1.40
additional
of
sale
to
are
1st mtge. bonds 3Va%
1The
directors
this
of
corporation
and
Cominon
stock
Getty,
Oil
as
of
31,
Dec.
common
shares of
common
stock
of
stock of
The
Oil
will
merger
Western
at
of record
Maintenance
Federal
a
to vote.---V.
be entitled
162, p.
Net
oper.
Pacific
holders
an
the,
S.
Schulte,
U. S,
H.
G.
163,
a
was
in Florida
incorporated
the
the company is in excess
served by
area
common
and the
the several underwriters
of
names
the unexchanged $1 preferred stock and of
stock to be purchased by them respectively,
the
p.
Walker
&
40%
25%
10%
management
of directors, following the
the board
C. Penney, founder of the company and
of the board, was made Honorary Chairman of
who has served
stockholders'
since 1917 Chair¬
the board. E. C.
A.
Vice-President.
Assistant Controller.—V. 163, p.
Pennsylvania Salt
2012.
(Cha-s.) Pfizer & Co.,
share
on
1945
$1,425,843
$1.90
$1.72
shares
750,000 capital
(& Subs.)—Earnings
1945
Taxation called for a very large share of earnings for 1945 ag-'
gregating. $4.58 per share of stock.
Of • this, Federal taxes on income
called for $4.13 per share, or 77%
of income before provision for
such taxes. With the repeal of the excess-profits tax effective Jari;
:
1, 1946 the tax burden will be substantially reduced.
At the annual meeting 'of stockholders held on April 2,
1945, an
amendment to. the certificate of incorporation increasing the authorpar value tommon stock from 500,000 shares
approved. Pursuant to this authorization, the
iked 31
shares
was
Cost
sales, less
Telephone
Co.
—
Financing Completed—
Gross
62,043
771,218
70,743
150
150
goods sold, excluding prov. for deprec._
Provision for depreciation^
Amortization of emergency
Gross
profit
Financing undertaken by the company to retire its $1.40
convertible preferred stock has been completed through
the issuance of 80,000 shares of $1 cumulative preferred
stock
316,766
316,858
—V.
$312,530
$294,071
deductions
Gross
Other
profit
162, p. 3079.
common
were issued by the company to holders of its $1.40 cumu¬
lative preferred stock, class. A (par $25),; .pursuant to its
exchange offer. The remaining 8,105 shares were pur¬
chased and sold by the underwriters. Of the common
stock 26,238 shares were subscribed for by stockholders.
The remaining 561 were purchased and sold t>y ther un¬
derwriters.
v:'"
"
''
preferred
stock
is
entitled
to
cumulative
Total
*$ivi$cnds
notice,
at
$29.50
per
share
prior to
May
15,
1943% thereafter
Gas
preferred
stock
(par
on
a
share 'for. share basis,
Excess
April 15, 1946, at 3 p.m. (EST).
Holders of shares of the
preferred stock who exchanged their stock received cash equal
to accrued dividends at the annual rate of $1.40 for the two-month
-
the most recent dividend date, Feb. 15, 1946, and
exjctyange date, April 15, 1946 (23Vb cents per share). Dividends
the $1
preferred stock issued in exchange will accrue at the
between
^nnualJrrite of $1 ffom the date of, its issuance, April-15,
The
exchange
preferred
stock
1946^t:>sK
?.rL&98,901
.;.
QM&Il/LjICi. ^•-1760,082
Net
i549,752
$2,749,000
$1,660,251
773,279
%
income
,.-266,177
1944
-
460,166
492,160
$10,354,864 $10,944,090
1,517,211
operations—.
1,443,165
$8,837,653
$9,500,925
369,457
240,931
tW
income
—iL—
-
„
l_i
normal
income
tax
sur-
...
the
for
i,300,060
*4,995,000
£1,853,109
5,288,182
1
$7,141,291
$2,335,£
3,953,1
$6,288,182
1,296,500
-
1,000,000
$5,844,791
$1.24
dividends
Common
600,000
.
673,000
year
Jan.
400(000
5,527i000
*
tax (est.)
surplus,
109,171
505,000
300,000
1,562
—
and
126,173
80^917
in
:
Total
tEarnings per common
•After
$4.55
JWp *f* *
31
$5,288,182
share
1
of
refund of Federal excess profits tax
1,490,000 shares outstanding Dec. 31, 1945.
postwar
on
BALANCE
on
.
$1.87
31, 1945
SHEET, DEC.
hand and demand deposits,
$2,449,529; U. S. Govt,
securities, at cost (quoted market value. $1,752,613),
$1,683,358; U. S. Treasury notes, tax series, at cost plus accrued
interest,
$5,601,906; accounts receivable, $2,074,768; postwar refund
of
Federal
excess
profits
taxes, $122,534;- inventories,
$6,612,126;, 1
investments and other assets,
$554,400; land, buildings, machinery
equipment (after reserves for depreciation of $4,393,856), $4,454,patents, trademarks,
etc., at nominal amounts, $4; prepaid
$75,137; prepaid taxes, $51,742; unamortized experimental
equipment, $4,391; total, $23,694,594.
^
and
700;
insurance,
payable. $1,137,856; Federal income and
withheld, $140,702; Federal taxes on income
LIABILITIES—Accounts
security
social
taxes
(est.), $6,773,328; local, State and other Federal taxes (est.), $692,430;
accrued payrolls and other expenses, $82,523; provision for .additional
compensation, officers and employees, $434,166; retirement annuity
plan (est.), $105,000; reserve for contingencies, $2,283,387; common
($1 par value), $1,500,000; paid-in surplus (balance Jan. 1, 1945,
$5,890,411, less amount of $1,000,000 transferred to common capital
stock account), $4,890,411; earned surplus, $5,844,791; less reacquired
codimou stock, $1 par value, held in treasury, 10,000 shares at cost,
Dr$190,000; total, $23,694,594.—V. 163, p. 1871.
stock
Philadelphia Electric Co.—Weekly Output—
I
s...
its subsidiaries for
week ended April 20, 1946 amounted to 124,316,000 kwh., a decrease
of 4,413,000 kwh., or 3.4%, from the corresponding week of 1945.
electric
The
Files
A plan
output
of
this
company
and
•
Refunding Plan—
for refunding the entire long-term debt, and outstanding pr?*
the company was filed April 19 with the SEC by the
stock of
company
,
at
and
its subsidiary, the Susquehanna Power Co.
would sell $30,000,000 of first mortgage
competitive
bidding
notes to banks and insurance
The
„.r,
$1.56
$550,000.
municipal
and
Electric Power
■
..-vu,
Dec.
surplus,
Earned
1975,
.....
'W
Federal
income
$1,229,998
V'V-
'*W!
employees
to
deductions
(est.)
Net
aid
annuity plan
contingencies
for
Excess profits
$1,926,428
696,431
shs.. of cap. stk.
'
^
for retirement
for
$2,982,599
income
-
■
137,996
on' sales—
Employees' .welfare and
military service
Provision
$9,870,382
4,954
$9,078,584
—
Discoupt
539,680
^-.a.
•Per share earnings on 656,000
—
income
Gross
ferred
—$3,522,280
deductions
—V, 165ri). 116$.
765,801
1,028,002
gjf
2,458,274
income
of the. $1
1,656,682,
:
was
cumulative preferred stock for the $1.40
underwritten by the underwriters named below
1,071,903
taxes
—
Gros income
Income
:
tax,—
312,589
!<i" shi*
310,338
-u
profits
Operating
Other
_
2,-385,298.^ 2,551,135
232,741
281,989
EipiittS'IiCQ^of A^&SSa&ASOltl/Jv:
.'
Depreciation (pWiisiott for)
State, local and misc. Federal
Federal
income
tax-
$1.40
on
Gas
produced
Operation
pired
the
-
companies,g|
Maintenance
plus » payment by the exchanging stockholder of 50 cents per share
exchanged.
The
exchange privilege commenced April 5 arid ex¬
period
—
Gas
the
$25)
231,316,521 237,043,057
gas
t
Other
outstandiOgatfP&OQPiishares of
$1.40
cumulative preferred stock,
class A
(par->$35};. were offered
the privilege to exchange 80%
of each stockholders' shares for $1
cumulative;
99,239,215
28,310,072
109,493,770
97,472,009
saj^jin therms
:c risosss £
Lc
$1?,344,484 $12,387,638
operating-■!
purchased from—
'
Natural
at $29
share prior to May 15, 1951, and thereafteCaMk&jD -,per share,
in each case plus accrued unpaid dividends.
"
tisite x<Mt ?,yt.
of
27,783,063
106,061,449
service
.
Total
per
EXCHANGE OFFER—Holders
customers'
-,1945
,1946
-
,
■
from
April 15, 1946, payable Aug. 15, 1946 and quart e rlyithere alter.
Re¬
deemable in whole or in part at any time on hot lets than 30 days'
new
-
Interruptible
service
Other gas utilities
.
The
(& Subs.)—Earnings
Peoples Gas Light & Coke Co.
3 Months End, Mar. 31-rGas Sales in Therms:
.
General
from
ASSETS—Cash
income
Net
(par value $25) and the sale of 26,799 shares of
stock (no par). Of the preferred shares, 71,895
l945%;-.1':v
502,464
' 1,606,855
admin, expenses.
4,642
of subsidiaries
—
Interest,
amortiz. of debt discount, premium
(net) and expense, etc., of Corp
&c.
facilities
sales
on
Selling, gen. and
<V':
k. $27,538,047 $24,436,390
15,073,863
12,539,074
allowances
of
$615,572
2,854
maintenance and taxes—
depreciation and retirements
property account adjustments
of
income
Interest,
and
returns
v''
'
For Year Ended December 31—
Gross
fBased
Peninsular
to 1,500,OQO
directors-tm
12,
$1,457,684
776,279
$632,152
expenses,
for
Amortization
1944
$1,470,624
31—
earnings
Operating
„
||g
in sales, Is due mainly to the increased charge In 1945 of
$1,114,694 for amortization of emergency facilities and the operation
of the
excess
profits tax. Amortization of emergency facilities. is ,f,
non-recurring item.
~
.
Earned
Pennsylvania State Water Corp.
Provision
'
crease
tax
1946
163, p. 945.
12 Months End. Dec.
,t)
/
Inc.—Annual Report-
George A. Anderson, President, states in part:
*
Net sales for the year ended Dec. 31, 1945, were $27,538,047 com?
•pared with $24,436,390 for 1944.an increase of $3,101,657 or; 12.7%.
The
decrease in
net income of $481,974,
notwithstanding an inr.
Prov.
$1,288,066
taxes
profit after charges and
Per
162, p. 3079.
The othfe*
Delaney has been elected Assistant Treasurer.
officers and directors have been reelected.—V, 163, p. 784.,
Provision
Manufacturing Co.—Earnings—
March 31
Net
Gross
$685,563, and
of $43,216.-^
f> 1
/
W,
Official-
Pfeiffer Brewing Co.—New
Miscellaneous
Major in
basis
same
Interest
Reynolds,
Campbell was made
—V.
the
on
as
Sales Manager and Second Vice-President^ became
Executive Vice-President, and F. W. Binzen, Merchandise Manager and
Third
Vice-President,
became Second Vice-President.
G. E. Mack,
Treasurer of the company was named Third Vice-President, and G. H.
W.
'$1,404,788
of 16c per
effective Jan. 1, 1946, granted
three operating brotherhoods,
for two operating brotherhood*
STATEMENT OF INCOME AND EARNED SURPLUS
staff.
meeting of
Executive
contemplating
increases
Inc.—Officials Promoted—
stockholders' meeting on
re-elected.
Stockholders
President since 1917, was elected Chairman
of the board.
A. W. Hughes,
Executive Vice-President since 1937,
was
elected
President.
Mr. Hughes has been associated' With the
company since 1920 and during this period has served as ' salesman,
store
manager,
Personnel Director, Assistant to the President, and
Brooklyn-Manhattan
'*$453,221
'
Penicillin production was further increased during 1945, and this
company continued to be the world's largest producer of
this vital
product. The total expenditure on this project was approximately
$3,750,000 accomplished without borrowing or outside financing.1,:. j,t
25%
Co
meeting, J.
President
$588,772
*$581,791
surplus
tlncludes accruals for increases in rates of pay
1945 declared a stock split-up of two additional shares of
common stock, $1 par value, for each share owned by the stockholders
of record at the close Of business on April 23, 1945.
2163.
annual
the
a
41,666
.i■1 'V
(engineers and trainmen), and in the total amount of
taxes -applicable thereto in
the amount
2163.
.
v ,
April
April 20 the present board
of directors was
also ratified, by an over¬
whelming vote, the company's long-established compensation plan for
Army, has been elected Vice-President
the Schulte Real Estate Co.—V.
of
(J. C.) Penney Co.,
At
1162.
recently
uncollectible accounts.
a
White, Weld & Co
—V.
126,250
■■uV--.
pay
roll
V. 163, p.
$579,654
Percentage
Inc.—Ne\y Vice-President—
until
$622,203
Morgan Stanley & Co
Coggeshall & Hicks
the Finance Department
and a director.
For ten years prior to his entry into the
Army, Mr. Schulte was
Vice-President and director of the Schulte Retail Stores Corp. and of
John
of
$669,224
follows:
as
12 Mos. Ended
Park & Tilford,
151,548
provision for
for
purpose of
unsubscribed
the
is also
163, p.
149,784
BUSINESS—Company
AND
1901,
respective percentages of
negotiating in Mexico for a drilling contract
of approximately 600,000 acres held by a Mexican corpora¬
area
140,313
500,000.
Government.
tion, the report said.—V.
135,518
UNDERWRITERS—The
are
41,666
.
I
population
The
of
630,438
42,917
3.042
♦326,971
876,999
Gilbert E.
$601,928
deducting
20,
to
♦Deficit,
17,963
&
prems.
282,313
L
$749,165
15,353
8,149
period of 99 years.
Company was organized
for the
constructing, maintaining and operating a tele¬
phone system consisting of toll lines, exchange and local distribution
systems throughout the State of Florida,
either separately or in
conjunction with other companies.
The company is a public utility
operating wholly within the State of Florida and at the present time
serves
approximately 60 communities, 42 of which are incorporated
in
Hillsborough, Polk, Pasco,
Pinellas, Manatee, Sarasota, DeSoto,
Highlands, Charlotte and Hernando Counties.
offering to stockholders of authorized but unissued common stock
1946 to finance prejects in Latin America.
Panhandle is preparing to apply for two preliminary concessions in
Bolivia of 200,009 hectares each, which will be owned 75% by Pan¬
handle and associates and 25% by an agency of the Bolivian Govern¬
ment, it was stated.
Completion of negotiations depend, in large
part, upon the formal enactment of oil legislation by the Bolivian
on
$787,340
51,382
—
HISTORY
before the close of
company
$860,919
33,308
728,237
1,947,165
1,446,454
264,024
*395,563
taxes
income—
hour to employees in the United States,
to
15 non-operating brotherhoods and
of
income
June
an
The
$770,754
__
disc.,
Net
Serge Rubinstein, Chairman and President, and A. Gordon-Foster,
director, resigned on April 23 from the management of this company,
Transit Co., was elected both Chairman and President.
The annual report also disclosed that the company is
32,647
j
amortiz.
expense
man
the
18,855
$776,643
10,697
487,211
691,807
248,251
income
263,059
319,425
$828,272
u
75,483
Cr 54,352
Sinking funds and other
'appropriations
$741,016
341,753
1946—3 Mos'.—194^';*
v
,
*538,874
operating
Balance
^
s
excess
railway
Net
656,300
deductions—-
Sams,
of
1,038,500
275,055
—
&
debt
Financing Planned—
Chairman
472,966
950,600
$751,899
income-
income
Total
In
annual report disclosed.
M.
Dahl, former
497,524
984,000
Interest
writing to the extent of $30,000,000 of the $50,000,000
debentures, with maturities from 1957 to 1971.—V. 163,
p. 2012.
Gerhard
taxes
Other
598,590
437,175
563,364
Miscell.
underwriting group headed jointly by Kidder,
Peabody & Co.; Merrill Lynch, Pierce, Fenner & Beane,
and Halsey Stuart & Co. Inc., and including The First
Boston Corp. and Carl M. Loeb, Rhoades & Co., on April
26 offered to the public $50,000,000 serial debentures
maturing 1947 to 1971 at prices to yield 0.95% to 2.60%,
based'on maturity. The debentures are due at the rate
of $2,000,000r annually and coupon rates range from
0.95% for the 1947 maturity to 2.50% for the 1971 ma¬
turity. Associated with the above group are certain
investment firms who are participating in the under¬
the
711,491
854,507
and
profits
also
3079.
Panhandle Producing & Refining Co.—New
1,041,437
602,414
-
income
Other
•—An
—New
1,295,544
inc.
on
taxes
Co.—Debentures Offered
Panhandle Eastern Pipe Line
$4,207,015
——
taxes
Other
Inc., have
agreement will be submitted to stockholders of
special meeting called to be held on May 31,
1942
$3,542,540
846,400
$4,602,856
—
income
*
1
-
$5,260,oa3 $11,137,570 $14,064,959
> - •
;•
/ .<
' •;
\:v7;v:-V
$3,93j,047
Canadian
and
Net
1943
1944
'*1946—Month—1945
Income
Federal
EARNINGS
OF
STATEMENT
depreciation
for
Prov.
have outstanding
May 3 to
Period ^nd. Mar, 31—'
Gross
charter
$4,979,739
revenues-
Operation
After the confirmation of the merger Pacific
1,376,429 shares of common stock.
Inc., will be canceled.
Western
the
1945,
1,484,216
•Operating
•After
shares of
Earnings for March and Year to Date—
:
serially
preferred stock have been
company's $1 cumulative preferred stock.;
cumulative
CONDENSED
the 75,9.90 outstanding shares of
Inc., is to be converted into 15'/s
Pacific Western Oil Corp. and the 801,419
Pacific Western owned by George F. Getty,
of
fund..
of such bonds held in sinking
authorized 54,500 shares
of class B preferred stock (par $100), none of which was outstanding.
This authorization was eliminated by charter amendment in 1946.
agreement each of
George F. Getty,
stock
*$3,413,000
200,000 shs. . , ^80,000 shs.
250,000 shs. V
160,790 shs.
—
of
shares
classified
Corp.
Under ' the
capital
-
Outstanding
,
t80,000
approved, subject to action by the stockholders, a merger agreement
providing for the merger of George F. Getty, Inc., into Pacific West¬
ern
*
par)
(no
•Excludes $587,000
Merger Agreem't
George F.
(
series due 1975_
stock (par $25)
Cumulative preferred
Ohio
and.
FINANCING
PRESENT
TO
EFFECT
GIVING
protective committee of preferred stockholders of this company,
to oppose the merger of the railroad with the Chesapeake
Ry., is soliciting-proxies to be used, against the plan.
The committee, composed of Harry Martens and A. G. Berse (Chair¬
man), 160 Fifth Avenue, New York, N. Y., states that it opposes the
merger because
accrued dividend claims are not sufficiently recog¬
nized and the merger terms appear to unduly favor the -C. & O.,
which owns 69% of Fere Marquette common stocky
\
,,
>,
The meeting of the Pere Marquette stockholders will be held
on
May?.
.
.
-v.r:
:
%%%"% 7'
A-:'y. ^7:7.7
A
formed
retiring all
of
purpose
Authorized
is
Pacific Western Oil Corp.—Proposed
the
for
stockholders
to
outstanding.
preferred stock
CAPITALIZATION
used
be
stock
common
1945
company
Merger Plan Opposed—
stock
preferred
the
Net
retired.
be
jof serial
about 1.495%.
,.r.
surrendered for exchange
by the company from the sale
by the underwriters of the unexchanged shares of $1 preferred stock
of
shares
All
will
Treasurer on fulfillment of
committed to pay all indebtedness for interest
and other debts :which may. be found by the -Courts to be due.
It will
not distribute any of the assets, make any loans, or pay any dividends.
Sales
of
properties are
permitted for not less than fair market
value, but all cash therefrom and from income must be applied on
the above loan, held intact, or invested in Government bonds.
No
capital improvements are
permitted, but the company may
expend reasonable sums for upkeep and maintenance of its properties.
Encumbrances, except as provided in the agreement, cannot be placed
upon the assets.
A limitation is placed on salaries, and the Commis¬
sioner will have a representative at the company's office to check
and supervise all transactions.—V. 158, p. 774.
a
tne
agreement.
The
*
of
..
NOTE—As
take money for deposit or investment. A trust
undelivered
payments due unlocated claimants, the
membership shares
the
estate,
sale
the
follows:
award of $1,300,000
merce Commission.
The banks bid 100.025 for Xlk%
obligations, an interest cost basis to the company of
,
the sale of the $1 preferred stock and
additional common stock are to be applied as
PURPOSE—The proceeds from
from
April 25 the
equipment trust certificates of 1946 to the Union Bank
of Commerce, Cleveland, and the First National Bank,
Cincinnati, subject to approval of the Interstate Com-
STOCK—Holders of the common
stock were given the rlghfc to subscribe for 26,799 additional shares
of common stock at $30 per share on the basis of one additional
share for each five shares of common stock
held as of the close
of business on April 5, 1946.
Such rights expired April 19.
7V:
OFFER COMMON
SUBSCRIPTION
Marquette Ry.—Certificates Sold—The company
Pere
announced
7•
"
parent
company
also
-
ana
...
bonds, due
sell- $12,000,000-of 10-yeai\
companies.
would issue
*
serial •
-•';
242,000 shares Of common
;
•aulAS?:
VV «'
.1'.
2298
i:N
i
with
OoO.OOO
«««*» T*KWa"Tt-».-;.-
an
of
-
)'
-
aggregate
par
demand
notes
6%
«
,
v,
value
Hi,
-
of
held
now
by
in
exchange for
Philadelphia
market
$6,-*
Electric
Co,,'
-•
$3,000,000
Value.
•.
cash, the aggregate
principal
On or
Aug.
outstanding shares
tion
V.
would be
163,
at
Electric
15,
($25
Power
would
redeem
all
par
quarters
8% cumulative preferred.
The redemp¬
accrued dividends and a $3 call premium.'—
(incl.
Taxes
(incl.
taxes
%
1946
revenues
All
1945
1944
V1943
$2,961,506
1,248,635
Fed.
$2,936,240
$2,909,008
1,229,743
1,090,273
569,156
maint.)___
542,833
533,290
Co.,
Interest
$1,143,714
549,341
$1,163,664
551,528
Crl,843
010^97
$596,217
_________
$623,134
charges
Amort. & other deducts.
Bail.. avail,
•Includes
at
$1,367,567
553,035
548,510
Cr.41475
59,211
-
of
2012.
p.
22.—V. 163,
April
on
$773,584
operating
revenue—;
1946
and property
.
payments
to
City of Phila.
tion
income
exc.
profits tax.
Miscellaneous
debt
and
*
of
502,514
$5
$9,671,215
3,312,582
1,889
June
offer
\
.
r-
the
of
will
bear
interest
an
20-year
and the
operating
companies
mechanical
of
2%%,
debentures
will
and
will
used to
proposed
each
offered
K.
S.
Trees
the
ment
pf
estimated
This
River
bid
102,00
Bolivar,
which
960,000
-•The- release
plus
accrued
dividend
by
leased
was
of
basis
by
be
l,
$173,400.
is
Kidder,
The
corporation
became
effective
cn
than
will
-
by
public
$147,900.
stock
and
preferred
share
one
stock
who
changed their shares have the right to do so
April 30, 1946, subject to the right of the
board
such
of
in
the
each
as
sold
Co.,
split^
business.
regular
quarterly dividend
participating preferred stock,
stock, payable
the
on
the
on
same
which
date.
is
of
now
30
known
A distribution
participating preferred stock
5"
cents
of
per
as
share
stock
exchange
new
common
to
serial
new
retire
notes
total
cents
was
directors on April 22 declared the
regular quarterly dividend
cents, per share, payable
May 20 to stockholders of record
1. At the same time,
they declared a quarterly
"wage-and-salary
dividend" to
employees, the second consecutive payment in a
profitsharing plan launched in January.
of
ten
>
workers with lesser
i
,
half
of
Walter
H.
Wheeler,
company sustained rather heavy
the
fiscal
amc
required
bare
of
to
year
make
manufactured
conversion
vided
payments
service.
Following the meeting,
for
expenses.
by
a
operating
ended March 31,
deliveries after
parts
on
V-J
Jr.,
President,
losses
reserve
the
last
because
of the
processing
starting from shelves literally
Day, and because of special re¬
However, these operating losses
special
established
by • compensatory tax relief.
in
during
were
the
war
amply pro¬
years
and
"With
deliveries of postagle meters and
other pro'ductS now
running'
of all previous
records, and with a moderate
price increase
as a result of the
suspension from price control of
part
of cur line of
products, there should be substantial
improvement in
operating results in our new fiscal year starting
April I."—v. 163
well
ahead
recently made
p.
1435.
'
a
George H. Love, on April 20 announced that effective
May. ■ L 1946,
wholly-owned sales organization, the Consolidation Coal
Co., will
27,700
571,800
457,891
$156,607
$2,006,703
$1,822,802
55,817
55,816
669,797
669,79T
$102,791
$1,338,906
$1,153,005-
268,419
1946
1945
$43,818,908 $48,337,681
176,793
159,203
$48,995,701 $48,496,88f>
—
income
excess
—
20,247,013
4,130,042
—
retirement
20,924,325
4,067,531
3,745,994
3,697,044
expenses
taxes
5,477,928
profits
3,934,473
5,294,776
2,744,653
5,427,116>
$10,148,898
$7,652,792:
2,841,389
2,850,13*
taxes
'
Balance
j
Income
up
—
deductions
(interest
bonds,
on
Subsidiary cos.' dividends payable
(principally
on
preferred
stock
Service
:
Net
Electric
and
Gas
etc.)—
public
to
of
Public
Co.)
375,278
dividends
dividends
(corp. >
2,462,734
2,462,734
1,375,798
1,375,793
$588,839
-z.
(corp.)
_
Balance
-V.
$4,427,37L
$3,093,699
stock
stock
375,282
$6,932,231
income
Preferred
163, p. 2164.
com¬
the
issuance
the
of
bidding.
period
stock
after
has
preferred
the
a
will
new
be
the
of
the
new
statement
relat¬
are
117,404 shares of
$2,600,043
2,000,000
__J_
GIVING
EFFECT
TO
PROPOSED
Unlimited
($10
.
Outstanding
$21,080,000
23,
1946,
565,553
shares of
New
to
England Public Service
outstanding 137,180 shares of
common
in
Co.
stock
($10
exchange
par)
were
for
the, pre¬
par).
The
of
the
financing
the
Service
caption
"new
will
Co:,
be
565,553 shares,
the additional
plus
common
stock."
all
'
.
„
com¬
owned
by New
referred ~ to
shares
N
«
.
.
BUSINESS—Company was incorporated in New Hampshire on Aug.
•16, 1926,; i Company< is engaged principally in the generation of
electric energy and its
transmission, distribution and sale;to about
-102.000
domestic, commercial, industrial, agricultural and municipal
customers in the cities, of
Manchester, Nashua, Berlin, Dover, Keene;
Laconia,/Rochester, Franklin.<and Somersworth and in 154 towns, all
in New'Hampshire;; six. towns fib
Vermont;'>-three-towns in Maine and
one community in the Province of
Quebec, Canada.
/
In-'-addition." to i-its
motor
the
utility
and
business,
steam
to
three
sells
customers
:utility. :
On, Oct. L 1945,
i
operations
as
a
gas
coach
H.
and
services
but
electric
does
not
to its
appliances.
hold
itself
It
out
as
electric
also
a
sells
steam
.....
the. company, sold its gas 'properties and ceased
utility.
In May, 1940, the company substituted
service for electric .street
railway service in Manchester,
these exceptions there has been no
major change in the
character of -the business of
the
With
general
""live'.yeats.:
during
company
?•-
UNDERWRITERS—Company
agreement
the
with
the
has
several
entered
into-
underwriters
an
the
exchange
named
below.
past
anci
Each
underwriters severally
agrees
(a)
to
use
its best efforts to
accptances of the exchange offer
by holders of shares of old
preferred stock, (b) to use its
best efforts
obtain
securities
to
dealers
in.
enlist
obtaining such acceptances,
and
the
(c)
assistance
to
of
purchase,
5%
first
bonds
mortgage
company
says
in
now
formed
consisting
of
Walter
L.
Burns,
a
partner
in
the
investment
of Baumgartner & Co,
Mercantile Trust Building, Baltimore*
Md.; Edward C. Bender, Ma'nager of the Real Estate Bond Department
in
the investment firm of Ward & Co.,
120
and
Samuel
investment fox-m
Pa.,
members
It
is
N.
of
Kirkland
Jenks,
members
of this
of
(Secretary),
Kirkland & Co.,
the
New
committee
new
$275,000 principal
amount
of
York
are
bonds
Broadway, New York
a
senior partner in the
Morris Building, Philadel¬
Stock
Exchange.
well known
of
this
to
The
the holders
several
of
over
corporation.
the
purpose of this new committee to work with the Trustee
to formulate the best possible
plan of reorganization and I to protect
the interests of tho bondholders.
the
duction in
to
information presently
the
available, it appears that some re¬
principal amount of the first mortgage 5% bonds, due
necessary.
distribution
compensate
of
them
in
In
cash
full
such case, bondholders would then re¬
and/or stock in an amount sufficient
for
any such reduction.
This commit¬
will strongly advocate the issuance of new bonds in as
large a
principal amount as.the capital structure and estimated future earn¬
tee
ings of
of
such
the
debtor corporation" will safely warrant, and the issuance
voting stock to the present bondholders as will assure tb the
voting control of the business of the corporation,
new bondholders'
protective committee has retained as coun-r
bondholders
This
sel the law firm of Mancill,
Gooney, Ott and Semans, 820 Packard
Building, Philadelphia, Pa., and James J. Cannon, 165' Broadway.
New York, N. Y,—V,
161, p. 246
(.; >
.
]
Queen
Anne
Candy
Co.—Stock
.
Offered—A banking
group headed by Link, Gorman & Co., Brailsford & Co.*
Shillinglaw, Bolger & Co. and Herrick, Waddell & Co.*
Inc., on April 22 publicly offered 108,000 shares ($1 par)
common
stock at $5,125 a share.
The stock is being
acquired from certain stockholders who are disposing of
portion of-.their holdings.
a
^
Capitalization; of the company consists solely of the common, of which
220,000 shares-are authorized and 217,080 shares are outstanding.-—
V. 163, p. 1872.
"
>
-
company
Goffstown„-'N. H. (.Company*: incidental
the
of
firm
also furnishes
coach transportation, service
:over 41 route miles in and between
Manchester
motor
electrleiKbusiness,
holders
,
From
102,000 shs.
^
2,500,000 shs.
the
reorganization proceedings of this
Federal District Court of
Philadelphia,
pending in
certain of the bondhold¬
ers
are represented by a bondholders'
committee formed in 1944, of
which John Morgan Davis is
Secretary, However, a large majority of
the bondholders are not
represented by the above committee or by,
individual counsel. Therefore, at the
request of the holders of a sub¬
stantial
amount
of
the
bonds, a separate Bondholders' Protective;
Committee, independent of the committee above mentioned, has been'
the
160,000 shs.
par)
to
the
phia.
373,378
FINANCING
-
In
City,
of
amount
notice
substance:.
the
stock
common
A
.
stock
company
the
tive Committee—
company,
during
effective.
and
Quaker City Cold Storage Co.—Bondholders' Protec-*
stock,
additional
common
invited
registration
become
stock
of
provide
The
Bids
preferred
new
number
■
of
813,330.
102*900
taxes
Common
April
purchase
Pittsburgh Consolidation Coal Co^—Sales Unit—
795,257
805,261
(subsidiary cos.)_i
(corp. and sub. cos.)
Federal
a
-
$3,362,442:
89,473
require.
—
ceive
N.
$4,179,021
73,096
revenues
may- be
;
$348,876
61,696
revenues
1953.
under
to
stated;
$3,352,786,
9,656
$371,362
common
upon
;v; The employees'- Vdividend," computed at
7% of base compensation,
is
payable to all employees,
except elective officers, with three or
more years of
service as of
May 1, with proportionate
512
2164.
t shs.
pletion
i
$4,178,509
80
$150,949
revenues
Other
named a
under¬
would
net
England -.Public
^
$348,796
Brl.205
$206,766
Federal
bid
common
stock (no
articles, of agreement of the company have been amended to author¬
ize 2k500,000 shares of common
stock. ($10 par), and to eliminate the
authorized 200,000 shares pf, common .stock
(no par).
The number,
of shares of common stock ($10
par), to be outstanding
May
6,426,85T
deducts.-
div.
163, p.
Total
an
provide funds., for construction and .extension of the
company's plant, property and facilities—^.
tOn April
Pitney-Bowes, Inc., Stamford,
Conn.—Dividend, Etc.--
The
on
To
viously
Feb. i, 194G and in each
quarr
during 1945.
Application has been made to list the
convertible
prior preferred stock on the San
Francisco Stock Exchange and it is
believed that such listing will be
effective shortly.—V. 163, p. 2012.
6,367,218
Three Months Ended March 31—
England
shares of
the preferred stock
refunding
To retirement at par of serial notes in
issued
made
ter
-
Co,
ahd
this
100,
To
*On
;
493,329
$372,567
income
stock
Operating
on.
par).
the
on
special preferred
20
on
•'
1946—12 Mos.—1945
$9,779,643
income.__
on
22, 1946, the articles of agreement were amended to
160,000
shares
of
preferred
stock
($100 par),
and
to
eliminate 280,690 authorized but unissued' shares
of preferred stock
(no par).
Prior to the
issue
of
the
securities
now
offered, the
articles of agreement will be further
amended, effective after the
redemption of the presently outstanding, preferred stock, to eliminate
Ihe.authorized 113,404 shares of preferred stock (no
April-30,
p.m.,
company
authorize
•
a
the
by the issue of 565,553
in exchange for the 137,180 shares of
competitive
fCommon stock
,
0.490
MONTHS
Public Service Corp. of New Jersey (& Subs.)—Earns.
'
Blyth & Co.;
offering price of
Authorized
in certain casefe.
directors have declared a
regular quarterly dividend of 50 cents
per share on the new convertible
prior preferred stock, payable May 1,
1946 to holders of record at the
close of
and
Net
Pfd.
dividends.''-*'
accrued
1st mtge. bonds, ser. A, 31/4%, due 1973
stock, cumulative ($100 par)
3.35% dividend series
^
The
1946,
of
company
^Preferred
yet ex¬
12
'
to
money
April 23, 1946, the shares of
of which are
owned
by New
all
were
CAPITALIZATION
stock.
AND
0.49O
Inc
$842,125 $10,545,727
income
Fed. taxes
and
to
Ripley *&
price
the
to
plus
case
company,
at
issued
The
(3)
5
p.m.
(PST)',
directors to extend
time
the
proceeds to the company from the sale of the new
common
stock
(after deducting expenses estimated at $26,580)
are
estimated at $4,973,420, which will be
applied substantially as follows;,
until
of
of
old preferred stock and
outstanding in the amount
of$2,000,000 on Dec. 31, 1945, and to provide funds for construction
and extension of the
company's plant, property and facilities.
(2)
0.490
Co
-
1946—Month—1945
deductions
Other
STOCK—On
PURPOSE—The
(1)
0.98O
-—
and
D. B. Bonbright
/
.
Harriman
offering
Cost
stock
ing to the
t
Gross
.
0.980
0.980
&
stock
being
one share
common
not
the
MARCH
495,290
Total
is redeemable at 103 prior to
April 1, 1951;
after April 1, 1951 and prior to
April 1, 1956; 101 on and
1, 1956 and prior to April T,' 1961; and 100 on and after
1961,
preferred
preferred stock
have
——
Scranton
& Co
$867,857
Non-recurring
"
Service
be
the
FOR
0.980
Gardner--
&
Co.
Net operating income
Non-oper. inc.—net
shares of
exchange
any
under
Cost
company will issue and sell for cash that
of common stock
($10 par), which will
before expenses,
with at least
approved by the .stockholders
April 19.
The holders of more
plan for
of convertible prior
preferred
The holder of
participating
W.
George
1.470
Period End. Mar. 31—
Preferred
0.980
Co.,
&
Putnam
Boettcher
1.470
Depreciation and
shares
Pig'n Whistle Corp.—Reorganization Effective—De¬
clares Initial Dividend on Prior
Preferred Stock—
of the
1.470
Balance
cost
the
v
90%
of the
outstanding shares of participating
have already exchanged their shares
pursuant to the
of
&
Inc.——
Operating revenues
Total operating exps
—V.
Peabody & Co,
3.45%, a. public
of
headed
($10 par)
(no par).
Contemporaneously with
acres.
Reorganization recently
0.980
Reinholdt
Co.,
EARNINGS
3.40793%.
rate
of-3.4%,
COMMON
common
mon
,
of
L.
Chas.
The Illinois Co
underwriters.
3.43796%.
syndicate
or
Public
Bodega, Central Depart¬
July, 1944, and covered an
in
&
0.980
Son
Hilliard
Rauscher, Pierce & Co.,
1.470
-
S.
B. Hanlon & Co.
B.
Inc.-————
Co.,
always
and
issued
not
several
$2,000,000
Plan
not
dividends;
series
the
fee
this
dividend
rate
stock, of
along
of
&
J.
Kirkpatrick-Pettis Co.—
1.961
Inc.
preferred'stock
on
NEW
acreage
has been made through the
subsidiary,
Phillips Colombian Oil Co., upon, completion of a
preliminary examina¬
tion of the area by field
geologists. The company has no present
plans
for drilling- wells on the
approximately 294,000 acres that are still
retained.—V. 163, p. 1732.
The
is
shares
underwriting fee of $168,300.
would
April
be
will
located
&
Dickson
Inc.
R.
series and preferred stock
exchange will be redeemed, on or
per share and $105 per share, re¬
$107.50
case
headed
a
an
April
redeem
constitute
acreage is in the Simiti Tract
the Municipality of
in
F.
0.980
Co.
Boynton
Expenses
and
The
made by Frank
Phillips, Chairman,
President, this company has released
666,000 acres
America, to the lessors, the Leonard, Benedum
interest.
J.
Maintenance
third
102
South
Magdalena
corpora¬
0.930
and
Gilman
H.
awarded
on
writing fee of
be 3.45002%.
announcement
Adams,
Colombia,
it
reasons
$5,000,000.
in
this
Gordon
1.961
1.961
of
1
Phillips Petroleum Co.—Releases Acreage to Othersand
by
3.923
1.961
F.
0.980
Inc
Warren,
Charles
1.470
H.
served
0.980
0.980
Farwell, Chapman & Co.
Bacon, Whipple & Co.__
Baker, Watts & Co
J
<
3.923
!
underwriting
dividend
1732,
an
J\"
L
Corp.—Output—
Loughridge & Co
3.923
Michigan Corp.
April 22, The First Boston Corp. naming
3.35%, a public offering price, which is also the
the company, of $100 per share on the
unexchanged shares,
named
A
at
3.35%
was
synidcate
this
1946,
rate
company
$102,
balance of approximately
$20,-
debentures
24
purchased
issue
an
the
the
company's sole
require no repayment of
principal until April 1, 1956, when an annual
sinking fund of $1,600,000
is scheduled
to begin, the balance
maturing April 1, 1966.—V. 163,"
The
in
be
after
coupon
April
stock
will
price to
A
company's 3% debentures,
000,000 to reduce bank loans.
According to
V'f......
0.980
0.980
Brush, Slocumb & Co.—
Chace, Whiteside &
&
Putnam & Co._L._-_;
Riter & Co.
week
10,
dividend
a
$1,548,145
at a price of 101 to
yield approximately 2.55%.
When the sale has been effected
the proceeds will be
debt.
.
-
Co.,
&
Inc.
3.923
Murch
.
k
7
<
0.980
Bond & Goodwin Inc.—
3.923
CO;
$1,509,104
with
on
preferred
1,889
$1,077,071
the
and
$2,204,453
&
—.
Ballou, ...Adams
Webber, Jackson
H.
1.470
Parker
Bosworth, Chanute,
Curtis_________
Maynard
?.
NOTE-—For
spectively,
122,824
$1,546,256
prior years—no longer requ.
sold
p.
!
-
1.470%;
Inc
Co.,
Redpath
Byliesby and Co.,
First of
&
Auchincloss,
3.923
Stubbs
.
v
——
Weeden
3.923
Sons
&
Phelps, Fenn & Co.!
Schoellkopf, Hutton
Pomeroy, Inc
.Whiting, Weeks &
All shares of preferred stock $6 dividend
dividend series not deposited for
about
2,889,553
1,800,000
$1,075,182
i
3080.
new
&
.-
Co.
3.923
Co., Inc.__
Inc.
1946—8 Mos.—1945 y
t$443,369
M.
Paine,
preferred on a shareThe exchange
Philip Morris & Co., Ltd., Inc.—Private Sale of
Deben¬
tures—The company signed a
contract April 25 for the
private sale of $32,000,000 of debentures to The
Equitable
Life Assurance
Society of the United States. The fin¬
ancing was arranged by Lehman Brothers and
Glore,
Forgan & Co.
The
•
for-share basis, with cash requirements.
offer expires 3 p. m. (EDST)
May 6.
Inc.
funded
the
Corp.,
;
.
1,130,000
profits taxes._i.__
______
debentures
output
for
and
•V The
." 1946—2 Mos.—1945
1436.
p.
compared
The
162, p.
-
West
Stock 3.35%. Dividend Series at
par ($100);
The public offering is subject to an
exchange offer
under which holders of the
company's $5 and $6 pre¬
ferred can exchange for the new
$9,168;701
3,291,485
124,900
2,825,479
;
excess
^
Prov. for taxes
—V.
years.
Pittsburgh Coal
Virginia, Con¬
Coal Co., which
of
Public Service Co. of New Hampshire — Preferred
Stock Offered—A syndicate headed
by The First Boston
2,716,636
$8,447,046
deductions
funded
.'/< Balance
./Balance
Co.
&
Brown
H.
possible to arrange companies in exact alphabetical
order.
However, they are always as near alphabetical
position as possible.
—
$7,998,106
448,940
;
lines
income
>
2,739,011
"
,
on
Coal
Blair
•
/
Percentage
Robinson-Humphrey
*
*
The
7.472
Alex.
Co.,
VVv
Ferris & Co.,
5,980,352
,
—
leased
for
Consolidation
Coal
v
:
•
Baker, Weeks & Harden
ended
April 20,
1946, totaled 186,880,000 kwh.,.
197,626,000 kwh. for the corresponding week last
year, a decrease of 5.4%.—V. 163, p. 2164.
1
21,768,355
under
—!—
Prov.
Consolidation
of
".$700,900
Electric
as
1,107,181
22,091,774
6,189,909
agreement, excl. inc. &
Interest
Co.
4
—$56,669,934 $57,190,558
10,595,496
10,370,347
*.
3,020,291
3,124,038
:
4,035,347
4,062,129
renewals
Operating income
Non-operating income
of
Coal
163,
1945
1,136,705
.
__
revenues.
operation
Gross
Pennsylvania,
//-'•'i-
Conducting transportation
General, including accidents
Rental
with
associated
\
name:-
v
Inc.
$55,533,229 $56,083,377
—
Depreciation
v
been
Fublic Utility Engineering & Service
1732.
p.
^
Maintenance
1907
have
—
—V,
$759,845.
v
revenue
}*&Total operating
'
officers
Period- End. March 31—
Philadelphia Transportation Co. {& Subs.)—Earnings
incl.
.
'
for divs.__
depreciation—V. 163,
12 Months End. Mar. 31—
Taxes,
Pa.
Pratt's. Fresh Frozen Foods, Inc.—Sales Rise—
Sales
corporation has started whittling away on .its .backlog of
5,086 orders
for
this
three-passenger
100-horsepower personal
airplane, it was
Power
Pittsburgh,
an,
•
Piper Aircraft Corp.* Lock Haven,
Pa.—Backlog-production < under way on the new Piper Super Cruiser, this
Other
Koppers Building,
.
With
Passenger
the
'•
*
its
Percentage
The First Boston Corp.
11.896%
W. C. Langley & Co—
7.472
F. S. Moseley & Co
7.472
E. H. Rollins & Sons
tucky.
308,325.
$1,285,445
'
Kentucky, and Clover Splint
early date will be merged with Consolidation Coal Co. of Ken¬
It also will market the output of Elk Horn Coal Corp., Pursglove. Coal Mining Co., and coals produced by several other operators.
—V. 163, p. 658.
-
f-
.
.
announced
the
solidation
$2,763,466
1,087,574
Inc.
______
income
in
Coal Co., or affiliated companies for many
Consolidation Coal Co. will market coal produced by
•
Net
*57^
share, the percentage of the unexchanged shares set forth
below opposite
.
Pittsburgh
12 Mos. End. Feb.—
*Oper.
at $100 per
and
Clayton, Albert H. Hunt, Harry S. Matthews, Jr., and Harry
N.
Smith, Vice-Presidents; Charles Plitt, Secretary-Treasurer;
Fred->
erick E. Siepert, Traffic Manager and
Byron A. Boynton, Credit Man¬
ager.
Mr. Clayton,,, however,, will .make headquarters at Chicago, 111."
Philadelphia Suburban Water Co.— •Corrected Report
Gross
operating, subsidiaries. It
to provide maximum
effort
vv.
The other officers of the Consolidation Coal
Company are as follows:;
par)
par plus
company's
sales
on
Carl W.
2163.
P.
concentrate
.
480,000"
Its
produced by the
to
.
outstanding long-term debt consisting of $29,731,000-"
mortgage gold bonds, due 1972, will be redeemed
Aug. 1,
amount plus accrued interest and a 5
Vz % premium.
about
coal
service; for Pittsburgh Consolidation customers,
;
Earl C. Robertson, formerly Vice-President—Sales of
Pittburgh Coal.
Company, is President of the new company, which will have head¬
Electric Power's
first
all
formed
was
of -Electric Power;
»
\ >
Electric Power also would self a,
maximum: of 120,000 shares of com*)
rnon
to Philadelphia Electric for
at
vwj-
^
$6,050,000
parent
of 5Vi%
-
■■.'■"
Monday, April 29, 194S
'h
stock
JV'''—v-
Radio
From
Corp^ of America
Navy—:
The mc&t modern
■.
:<
—
Buys Electron Tube Plant
.
electron
and television tube manufacturlng plank
Lancaster, Pa., has been purchased from the
by the RCA Victor Division of the Radio Corp.
of America, it was announced on April 23
by Frank M. Folsom, Execu¬
tive Vice-President in charge of the
Division, which built and operated
^the plant 'for the Navy during the war. The purchase price, it was
announced; was $4,362,500,
;
,.r
;
The availability of television for the
public will be advanced con¬
siderably by RCA Victor's acquisition of the plant, Mr. Folsom stated.
The plant is the largest in existence for the manulacture of cathoderay picture tubes used in television receivers and
television camera
pick-up tubes, he pointed out.
These tubes, he declared, will be made
available not only to his own company, but to ether television home
instrument and broadcast equipment .manufacturers.1
■'
"
in
the
U.
S. Navy Department
world,
located
at
,
An
additional investment of $2,000,000 is to be made by RCA
Victor,
.Volume 163
THE COMMERCIAL & FINANCIAI;
Number 4485
CHRONICLE,
*
will be started in May.
When completed In early fall, total man¬
ufacturing area at the plant will be' in excess oi 225,000 square ieet
with ample' acreage left over for future expansion.
,
Production on tne steel nail keg is soheduled for January, 1947, and
Mr.tPol$om> a^nctunce^;
and farther moderaize. the plaht'8
high-speed production, equipment Jor the manufacture of. cathode-ray
and
tubes.
The
plant contains 396,000 square feet of floor space and stailds" on
of 99 acres.
The present personnel is about 1,000, of which
permanent residents of Lancaster and vicinity.
As peace¬
time production expands, according to Mr. Folsom, employment, is ex¬
pected to rise until it equals or exceeds the plant's peak wartime
will
-•••■•
-
Rockwell Manufacturing'
Colonel
control
Peak
modern
and
weapons
military
vehicles
production, reached in June, 1944, it
rate
of
$30,000,000 a year.-
and
was equal to
a
-
In
disclosing future plans, L. W. Teegarden,
Vice-President
in'
charge of the Tube Department, stated that the plant will be devoted
to the manufacture of the same general types of tubes for use in
radio broadcasting and other forms of communications, in electronic
■
and-control applications
in television.—V. 163, p. 2164;
power
in
and
commerce
-
industry,
well
as
Railroad Employees' Corp. (& Subs.)
3 Mos. End. Mar. 31—~
1946
Rockwell,
St. Joseph Lead Co.—Annual
1944
$205,104
$178,826
126,434
118,929
President,
Prov.
for doubtful
$246,581
152.494
:
„
»15,560
notes
15,419
...
18,674
-119,168"
14,759
17,908
•
19,050
.
.
Amorf. of. intangibles,.
'
1
of disc, on debs.
Prov. for Fed. inc. taxes
9,000
Special amortiz. of debt
■\ dist. &
profit
Report—
—_
r
-W-.
Net
deple.
surplus...
$29,343
157,299
187,180
$14,058
$13,972
Def.
140,447
198,991
Fed.
Total
surplus
Preferred
12,754
Earned surplus
i.
"Gross
earnings
interest earned-but
include
is
S.
bonds
and
notes,
(net), $3,358,769;
estimated
of
1,871,210
1,150,144
of
accrued,
eral
received;
accrued,
1946
profits taxes,
excess
stock,
Total
April
B
SI),
(par
Ry.
242~828
tfestetn
.1,-777-, 255
surtaxes._>
1,744,961
1,400,412
43,521
47,022
-
tax
due
transfered
refunds.
to
surplus
2
to-
capital surplus (paid-in),
$3,961,134.—V. 163, p. 1033.
Si
S.
Treasury certificates
U. S. excess ^profits
Accounts
tax
receivable
.
( at
(at
(net)
Due
from foreign subsidiary not consolidated
6. Government claims for inc. tax refunds-
U.
$275,106;
__
surplus, $210,518;
total,
Other notes
inventories
and
34,506
iodjoi6
6,018,916
advances
13,031,239'
I
:
-
'»
- 'c
596,617?
refunding mortgage bopds pledged under these three notes.".
.Overdue
8,714,546
181,245
charges
-
interest on the; notes to the Reconstruction Finance Cor¬
(purchased by the Southern Pacific Co.) and the. banks was.)
reduced by payment.of the interest installments on the general and
138,266
6,600,078
i__
<
-
St. Louis,
Co. general
Southwestern Ry,
Louis
above.
4,968,046'
11,969,336
_I
—
capital assets, net
Miscellaneous assets
Deferred
3,4361931
695,180
112,256
Total
At
a
meeting held on April 5, the directors declared the initial'
quarterly dividend of 50 cents per share on the 4% cumulative con¬
2,700,000
and accounts receivable—
additional
second
Co.
Ry.
remittances of $400,000
by
352,735
4,292,749
32,850
^
.
These payments were accomplished
to the trustee of the second mortgage;.
$1,341,400 to the trustee of the first terminal and unifying mortgage;
and $2,940,775 to the trustee of the general and refunding mortgage.
The pledge of $6,957,500 second mortgage bond certificates under the',
first terminal and unifying, mortgage and the pledge of $13,533,000
first terminal and unifying mortgage bonds under the general mort¬
gage made these
payments to the [-respective trustees of the three
mortgages sufficient to pay the instalments of
interest mentioned 1
and
1,230,000
I
paid during the year oh Second mortgage
first terminal and unifying mortgage bonds1/
not
was
1, 1940, inclusive, on St.
refunding mortgage bonds.
July
1944
6,000,000
eost)
cosU—aF-__
?
mortgage income
bond certificates;
July 1, 1944 to July 1, 1945; inclusive, on St. Louis Southwestern Ry.¬
Co. first terminal and unifying mortgage bonds, and Jan.
1, 1939 to
Southwestern
$6;755,030
1,100,000
refund bonds—
.
The trustee was authorized, on June 15, 1945, . to pay
installments of Interest-due Jaii.-ahd' ^ul^ 1, ■ 1945, on
3,911,360-
$5,407,255
tax anticipation-notes
U.
t
banks^ The Railroad'Credit Corporation, and the Reconstruction
Finance cdtperation (purchased by Southern'Pacific Co.).
»
$4,033,974'
3,950,912
..
,
Railway & Light Securities Co.—Initial Dividend—
v
$5,171,421
•
s
•
certificates,
bond
J
the
CONSOLIDATED BALANCE SHEET, DEC. 31
•
1945
Investments
earned
118,066
3,950,912
-
interest
Current
'
general and refunding mortgage bonds of St. Louis Southwestern Ry.)
Co., first mortgage bonds of Central Arkansas & Eastern RR. Co. and'
Stephenville North &. South Texas Ry. Co., and the collateral notes ta.
$4;033,97<r
"
ASSETS—;
:
f
Cash on-hand and in banks
employees' taxes withheld,
20, 1946, $12,754; expenses,;
$5,000;
-
r-"
'
'
income
$4,829,815
*
:
Cb/s proportion of
Ry."
tlficates.
Cr.695,180
$5,153,355
Mefcier, Chairman,-
*
interest oh ■ first mortgage
trust notes of St. Louis Southwestern
bonds of Gray's Point Terminal Ry..
Terminal Co., and St. Louis SouthTexarkand lUnion.- Station, trust cer»>
Co. and on first mortgage
The Shreveport Bridge &
Co.;
"Including'amortization of war facilities, $1,225,916 in 1945, $392,938
in -1944 and-$257,576 nr !943. tAfter deducting $490,061 transferred to
reserve
for contingencies.
*
"
1
at
$1,875,000;
payable
994,512-
4?&66
•
$7,969; miscellaneous taxes accrued, $12,713; reserve for Fed¬
taxes, $77,442; term loan, $550,000; preferred stock (par.
$797,138; common stock class A (par $1), $133,502; common
class
and
Cash dividends paid,
$20,549;' miscellaneous invest¬
cost—less depreciation, $41,system, franchise, etc., of subsidiary,
payable,
dividend
*
current
pay
equipment
certificates and
bond
<495,-602
•
""
Net income for year——
$4,829,815•
Restoration of over.acc-ruai for-Fed-: taxes on income in prior years..•
Act,
fixtures,
$366,583
$564,578
$298,333
in part:
continued' to
trustee
45,447
--
AT MARCH 31,
WD»V
.
March;31; 1945, follow: Gross,
charges,
Federal
net income, $78,910.—V. .162, p/ 2519. ,,,.
.
J ,-s
March 34; stkted
The
37,383
inc.
for' Fed.
$7,988,019
483,000
-
v
income
$12.50),
normal
U.
LIABILITIES—Notes
preferred
and
Incditte
Revenue
furniture and
charges, $73,441;
$25,000; total, $3,961,134. f
.$199,100'-
390,3G4
State income taxes
hand, including cash items, $384,670;
on
deferred
$3,992;
-$141,735
actually
.1
St. Louis Southwestern Ry.—A. T.
1,269,271'
*
prospecting,.dev. & explor
prf, tax -(less post-war ref.)
Claims
cost; $50,100; installment notes .receivable;
$230; cash value of life insurance, $7,345;.
Federal
provisions
ments, $1,940;
090;
deposits,
refunds
carry-back
at
13,863-
included.
not
CONSOLIDATED BALANCE SHEET AS
ASSETS—Cash in banks and
.
TJ.
$212,963
12,770
,
$173,887.
..
only-interest
collected
not
$154,505
12,754
.
$219,518
.
^
-
$186,642
$223,272
dividends
192,844
••••' •
$291,935
income
taxrs,.$48,300;
V- 551,408'
625,040
$9,064,148
ex.
Federal
.
"
■ '|
70,620
336,200
Earnings for the three months ended
66,945'
620,242
etc
"Depreciation
$36,113
earned
■'! -1 r'
94,453
earnings, $691,235; cost, expenses and taxes, $512,635; interest
$17,638,'
depreciation a'nd depletion,'- $33,753; provision for
on
4,819
Net income
,-
92,972
82,879
,
;
$723,018
$1,078,110.
77,010
103.36L
142,700
137,500
■■ ■
$2,873,021 ; $1,889,1591
1,796,911
1,166,141
.
$621,405
'
1943-
1944
.
1,816,421
73,069
115,327
.
f
.
j
$7,436,612
$8,439,109
$8,739,234
—
...
deprec.
Depletion
"
Prev.
charges
and depletion.
for Fed. taxes—
Prov,
126,011 "Pt'
-51,631
*
$8,118,992
;
1—
before
Inc.
i
)
:
exp.
1945
•
$2,437,825
.
$617,832
earnings
Interest
15,000
Net
.
Other income
16,000
2,070,905
;
...
Capital-stock and mise. taxes.!—-
2,310
622
18,300
and taxes.i ;
expa.
Net
^
.
15,855'
.,
--21,20a-
•
*
3,030
Amort,
.i
.
12 Mos; End. Mar, 31—• 1946'
earnings
$2,688,737
Cost,
(Including Domestic Subsidiaries)
.
1945
•
,1944
1943 *
Net- 'sales/.
$47,679,229 $49,369,908 $47,099,749.
Cost of -sales
38,718,789
40,067,937
38,870,396Selling, gen. & admin-, expenses-—
' "789,817
736,852 /'
725,796'
$187,505
v
.-
,
Louis; Rocky Mountain & Pacific COrf-rEarnings—->
Gross
—
•Gross earnings
Operating expenses
Interest....
p/t2164v.
.163c
St.
Years Ended Dec. 31—
1943
,.
■>
^ V.v:v/
on
"
";
-Earnings-
1945
and
Chairman
prop-^'f;
the several underwriters and the"
of
names
Deprec.
"
;
F.
as
•
-
—V,
Co.—further Elxpansion-r-.
April 18
announced
that this
company
has purchased the A, H. Ross Co.,;
Ludlow, Ky„ manufacturers of packaging machinery.
A. H. Ross,J
President
and
principal < stockholder of the .Ross company^- will be¬
come Vice-President and General Manager of
the packaging machin¬
ery division of the Rockwell company, but the acquired company willcontinue to operate under the name of A. H. Ross Co.
The purchase
price was not disclosed.—V, 163, p. 1034.
>
communications.
revealed,
was
William
by the company of its transportation
Utility Holding Company Act of 1935,.'
principal amounts of bonds agreed to bo purchased by . jthem, jrespec-*,
tively, are as follow^;
'
'
'
<
>
Blyth & Co., Inc..*.* $3,250,000
Graham, Parsons &. Co. >, $500,00$;
,
tities
retainability
under the Public
UNDERWRITERS—The
,
new industry to Baltimore
Mr. Rheem said. A minimum of 2,000,000
yearly will be made.—V. 163, p. 2013.; '
"
'
' <
'
' v
• '' \
end
the
erties
Jurisdiction''^ '
& Electrid Cbrp., :reserved
Gas
the pending Section-ll(bMl) proceeding with respect*--•
Light and Railways and Continental Gas & Electric
United
The
Cprp.,
100
of
manufacture
the
a
During the years from its completion at the end of 1942 until the*
of the war, the Lancaster .plant produced unprecedented
quan¬
of the power, cathode-ray,
and special purpose tubes used ito
I
effect
In
more people at Spar-;
steel nail kegs will, bring
for approimately
employment
Point.
>
•
•
provide
rows
are
level.•>
Continfetttal
determine,. In
to
.
tract
a
90%
Compariy by
to
.
72,900
poration
>.
>
,
.
.
«•,
'
vertible
record
At
J
preferred
the
at
stock,
close
$50
payable
par,
business
of
meeting of the board
a
of
May
to
1
stockholders
of-
18.
directors
held
April
-
1946, the
directors declared the usual quarterly dividend of 15 cents per share
on
the common stock ($10 par), payable May 1 to stockholders of
record at the close of business April 23.
A similar payment was made
on Feb. 1 this year.—V. 163, p. 2164.
on
18,
The
___1—
Total
April
$42,965,499 $41,584,197:
LIABILITIES—
Accounts payable
Deferred prospecting,
Wages
Accrued
Fed.
Reserve for
:
Month of March—
from railway—
;
1943
1946
$9,162,210 $10,530,974 $10,367,858 $10,659,692^
Gross
Net from
1944
1945
railway-!-:.—
632,281
3,399,674
3,484,411
income
income.—
From Jan. 1—
80,313
1,176,346
1,642,615
.
25,504,245
28,745,655
29,406,289
oper.
from
Gross
4,071,603
8,245,264
9,270,953
3,260,862
3,837,076
289,753
liabii236,977
employees'
life
insurance
(par
relire.
&
800,000'
19,754,565
15,554,520
i;..
14,675,618.
—IIIII"
-
310,161
-
800,000
19,754,565
____—__IlI"
$10)'
244,985
255,604
*.
iw-.—
.
378,216
—
162,
connection.with amortizing the
the provisions of Sec. 124 of
preparation^
I
Pi 378,216
Offered—Westheimer &
£o. headed a banking group- which on April 26 offered:
150,000 shares of class A common stock ($1 par) at $10.50
per
$42,965,499 $41,584,197-
Transportation- revenues-(rail)
Included with Westheimer & Co. in the
share.
Reliable Stores Corp.
(Exclusive of
'
un¬
Net
sales
Federal
at
$3,784,878
taxes
■
at
294,703
284,037
117,881
—
100
profit
-
-
-
■
163, p.
1289.-
.
*
;
$208,297
series,
estimated
allowances
•Cost of goods sold
Selling, general and administrative
at
from
Loss
.
153,725,
$$759,381.
$4,480
Non-recurririg
income
5,326
177,287
—
A
5%
Interest
income
;
—
and" debt
$178,251
12,405
—
expense————
...
stock
f
Net
:
13,338
profit
'(■Earnings per share—
.
—
33,000
,
$54,429
1
*
.....
$0,33!
Amort,
of
bonds
<
$0.66
EARNINGS
Co.—Expanding Sparrows Poife't°Blant— "
S. Rheem, President, announced on April
}'&*$■'}() " *Vi *.
addition to' approximately $217,OOO already
spent since V«J Day at Sparrows Point to reconvert the plant for the
^nd steel shipping pails, R.
■
.■
sum:
manufacture
■
will
of
he
In
heaters,
water
range
boilers,
steel
shipping
contain¬
pneumatic tanks and other products and, to reequip the plants to make stampings for other company-plants in this
ers,
expansion
and
country.
Construction
cover
"
of a
new
'
1 :
building to cost in excess of $315,000
55,000 extra square feet of
estimated,
,1.
losses
deductions
18,882
Balance
Operating
exc.
at any one
Other income
of
GENERAL
-
1943
119,637
~
ASSETS—
BALANCE SHEET,
*"""
and
equip,
deposits
Special
Interest
255,160
3,16L1.'
-
and
Accrued,
5,900
Qther
22,988
1,368,776
30,399,340
1,589,292
1,222,108-
468,324
■
484,726
2,531,651
4,260,182
5,600.
27,398
.
2,595,295.
19,239
824,870
3,694,826
4,401,913
'
-
?
24,981
■4,194,^6
1,000,399:
' 795,780
—"
5,600)
35,070
744,073
134,088
——
debits.
Unadjusted
120,187
280,355*
29,565,355
1,085,920
profits tax refund bonds.........
assets...—~—
assets
J
4,565,814
6,959,828
731,773
6,957,554
.
current
Deferred
$535,844
3,861
.
accounts. receivable..'
Excess
287,840
251,824
$507,352,
—
—
supplies.-———
———
dividends
receivable———
and
J
4,575,641
Traffic and car service bal. receivables
Net bal. receivable from'agents and conductors
Miscellaneous
accounts ' receivable
Material
$"
'
$
120,187277,511
Temporary cash investments
186,226
6,000
-
1944
118,513,039 119,296,684
(net)
1—
ash
?ther investments
131,412
193,274
/;$520,636]
DEC. 31
Capital and other reserve funds
Miscellaneous
physical property
...
Investments in affiliated companies—...
339,542
131,412
-185
(net).i.ut!l'uv.i jg.i;12,542 ^'bni
2,302,054
$5,817,031
••
in road
Investments
1942
343,444
190,753
<»
22,543
;
—j.
1945
CALENDAR YEARS'
346,952
.
$8,119,085
$3,970,463
income—
surplus
time be
223,921
269,969
prof.
ihcomfe,>_ui^Mu$627,930;
appropriations
earned
to
22,697 shs.
may
278,582
8,540:
3,014,523
-
$3,993,006
12,553 shs.
1,642,571
169,684
198,422'
Federal—
income„_:
^—-r
D/iiscellaneous
$3,299,019'
115,712
3,008,635
income
.
cn
properties---—
$7,046,614 $11,186,637.
44,973
53,029
■■--
—.—
charges
'
$3,750,000
2,089,265
307,608
$6,569,649 $10,807,120
476,965 379,517
-
income
Miscellaneous
Net
$3,746,492
v.
——l—
—
Total
$3,865,642
2,153,737
2,045,343
..
FINANCING
"
1944
-
"
$3,926,368
r
i
$9,700,465 $14,231,276
3,424.156
3,130,816
•
operating income
income-'
Other
at:
25,000 shs.-
FOR
983.537'
22,670,794,
1,473,551
1,394,005
■
will spend approximately $640,000 more-this year" at
its Sparrows Point plant on new building and facilities for the manu¬
facture of steel nail kegs critically needed in the housing program
This
THIS
-
series which
all
352.844
Fed..inc. and
643,000
The'company
22.
TO
1,029,888
15,605,830
Net railway
"taxes—State, local, and
"
,
v
Gross
Income
"
and to
ground has been approved by CPA,
'
«••:-.
:
:is1 i0E-
H
7
—
*
income—ii.-$640,472 of? $523,2971fti :$511,213
deductionSi*;^_y^Hi:294,632;>V
.ati^naO
Net
Rheem IVIfg.
Rents
abandoned street rail¬
way
$108,369
$24,000 in 1946 and $21,720; in!'1i945;
the 165,300 shares of common stock ;outSfdhding at
{Profit.—V. 163, p. 318.
*
.SV8I •■' ■
tCacJulated on
March 31, 1946.
purposes,
$27,730,187 $39,364,158,
bonds
35,000 shs.
of
revenues
of
misc.
•Including depreciation:
{
.
operating income..!—
payable (net)—.
...
28,902
the
Authorized Outstanding
Maintenance
W
flV
EFFECT
1945
State;
/
redeem
$35,910
•
'
To
—-
railway
Railway
provide additional funds
To
$100)
(par
amount
Operating
Operation
$764,707
!
(a)
tax
765,881
-
$65,013,442 $72,586,941'
37,283,255
33,222,783'
-
■
'
78,417
Idle-plant expense (strike)——
Provision' for Federal taxes on income and (in
*
1945) for 'renegotiation- of ""war contracts—__
(c)
construction
pfd. shs.. (par $100)
cum.
SUMMARY OF
*
'
Total
for
notes,
Depreciation J
1
5,444
interest, discount' and sundry.
follows:
tax
; '
•
26,865-
-
operations——
accruals—ad valorem.,
—~
accruals-^-Federal income tax.
accruals—other Federal taxes.
tax
Railway
4y2% series due 1947,:
the redemption date),. $3,635,-
to
$63,719;
2,517,109-
operations
Railway
v/ere
—864,468
i
expenses
revenue-from
Railway
bonds,
the expenses of issuance of-such
GIVING
"
*
coupon,
Net
•
1944^1 j"
1,606.63 1,606,63'
$64,122,109 $71,792,158.
—
(net)—
revenues
V
31
1945
-----
—
operating .revenues.1——-——
Operating
"bidding April 22.
similar
revenues
facility
Total
-
outstanding will be unlimited except that additional bonds will-be
issuable only in accordance with the restrictions contained in theindenture securing such bonds to be .dated as of, April 1, 1946.
986,255
99,578
expenses—
as
.
$3,430,215.
—
Joint
Offered—An
Fixed
Common
$1,081,353
,
a,
First mtge. bonds, 2%% series due 1976
"The
1945
applied
accrued
treasury
'
CAPITALIZATION,
Class
Rotary Electric Steel Co.-^Earnings—
1946
naming-
'
...
Quarter Ended March 31—
Gross sales, less freight, discounts, returns and
each
mortgage
(exclusive of .interest
the-company's
-
"Earnings are alter estimated provision for bad debt and repossession
losses.—V.
be
first
(b)-To provide-funds for
1976
in
347,161
138,864.
$176,822
'$463,428
the group at competitive
other- bids,
$3,635,000
Equipment. lien
Net
Co.—Bonds
$130,406.
$2,832,944
747,465
to
PURPOSE—Proceeds will
of
$2,426,101
.
...
Power
&
awarded
Four
outstanding
1944
.
charges
was
102:11;;
000;
1945
1946.
.
Light
received at the sale.
They were: White, Weld & Co., 102.03; Salomon,
Bros.
&
Hutzler,
101.23;
Harris,
Hall & C6.. (Inc.),
100.31; and'
Halsey,.Stuart & Co., Inc., 100.03.
"
I
'
'
(& Subs.)—Earnings—
-
Net profit after
The issue
company's share of earnings of Frank Corp.)
3 Mos. End. Mar. 31—
Joseph
DEC.
ENDED
number of miles operated
Average
716.
p.
underwriting group comprising Blyth & Co., Inc., and'
Graham, Parsons & Co. on April 25 offered $3,750,000first mortgage bonds, 2%% series,
due'1976, at 102.63
and accrued interest to yield 2.5fr to
maturity. - '
derwriting are:. Cruttenden & Co.; A. G. Edwards &
Sons; Loewi & Co.; Stein Bros.. & Boyce; The Ohio Co.,
and Piper, Jaffray & Hopwood.
The issue represents
30% of both classes of common stock outstanding, for¬
merly held directly or indirectly by 12 shareholders of
the company. It is the company's first public offering
of any of its capital stock.—Vi 163, p. 1770.
YEARS
FOR
\
--
.
STATEMENT
INCOME
Incidental
St.
Red Top Brewing Co.—Stock
Court.
'
-£.
,.y
y,
-<
cost of war emergency facilities,
the Internal Revenue Code, tho
trustee elected to ^.terminate amortization as of Sept.
29, 1945, the
date of the proclamation of the President of the United States ending
the
emergency
period in respect thereof, and to adjust income or
excess
profits taxes for the years affected.
Claims for refund of
excess taxes paid for the
yeas ,4942, 1943 and 1944 are in course ot .
'In
under
.
Total
—V.
222,774
*
—
the Interstate Commerce
by
by the U,. S. District Court Feb. 9, 1944,
U. S. Circuit Court by several interested parties.
argued on April 6 and % 1945, and. are now.
approved
decision by the
awaiting
l~77l748
2,351,294
^
Earned:surplus
Capital surplus
5,121,816
$2,601,857
1,929,348
and
Was appealed "to the
These appeals were,
483,000
profiUffi^&xes-
excess
contingencies
Capital stock
28,779,501
9,830,300
1,522,367
railway^—
Net from railway
Net ry. opr. income—
—V. 163, p. 1770. >
for
Reserve for
2,242,576
Net ry.
and
injury claims and workmen's
ity' Insurance
Reserve
4,100,285
expfor.
and
253,284
Other accrued taxes
Reading Co.—Earnings—
$3,097,212
development
payable'
proposed
reorganization
of
plan
Commission
income..;
-a^ajoa
337;844y:
4*+-
■
,■(>1384,401
346,566
|3*5,84^^.MaSUBl3siftI' $164,647
Preferred
,$174,431
HISTORY
AND
•
ing/among other things, the purchase of .the common stock: of the
*
« 'VnV
*
' ,lL
■"
*•*'
'
^
.o".r
4
.
.
/
I-
-
173,149,263 180,728,651:
-
——
17,186,100
19,893,600
75,725,4?0
—
2,683,794
192,279
806,055
payable..
Miscellaneous accounts payable——
Interest 'matured --unpaid—;
and
wages
—
interest
Accrued; accounts
Accrued
Other
tax
Deferred
.
ii,/
—
Liabilities
—
—
—
2,118,684
79,637
869.027t
.
*
—.——
^.——^.-..
•"-146,104
84-.870
147,319
16,393,238
payable.^*.
liabilities.^.———..
Unadjusted credits
Surplus —:—
> Total
,
accrued..——w.i.iia—w.fc
liability.
current
■;
75,533,262
—!
accounts
Unmatured
f||
17,186,100
stbek
Long-terfn debt
Audited
^
•
>—_—19,893,600
stock
Common
Yi<±-
—
—
LIABILITIES—
.
BUSINESS—Compaftj( I Wks' ^btgahized' in IVTissouri
Nov. 8, 1985.
On Oct. 3; 1945, all of the ■Coirimon • stock of the/com¬
pany was acquired by Continental Gals '& ■ Electric Corp., a subsidiary
of .United,Light,and.Railways Co.- ♦
"y '-v
The company is an operating public utility engaged in the produc¬
tion, transmission, distribution and sale of eleetric energy, in the
production, distribution and sale of steam for heating and industrial
purposes, and in the operation *of passenger transportation facilities.
For the
year
1945, ~60I37%
of gross operating revenue was derived
from electric operations,
13.35% from steam operations and 26.28%
from transportation operations.
The company intends to continue in the business in which it is now
engaged.
However, the SEC in its order dated July 18, 1945, approv¬
-
Total
$558,832
25,901,OP
-96,611
-
228,729
237,987
7,579,074
10,185,011
458,276
31,961,881
27,962,174
325,997
173,149,263 180*728,651
'After reserves for depreciation and amortization*.
>
;
2300
s
JH^rpO)^MERpjAX>,^
^
>;Vr:
•
•
Interest Payment—
'
The, interest due
May
1,
1946,
the first mortgage 4%
on
certificate^, due 1989, y/ill be paid on that
Pank & Trust Co./ New York, N. Y. 1
The
New
York
Stock
quoted ex-interest 2%
Exchange
Seiberling Rubber Co.—Annual Report—F, A. Seiberling, Chairman, and J, P, Seiberling,
President, said in
gold bond
date at the Central Hanover
directs
that
the
certificates
be
total
common
stockholders
have
67,065 additional shares of
rights which expired on
April
sold
privately by
2014.
p.
t
4
i
.
subscribed
to
65,177
shares
the
of
1945,
Company is inviting sealed, written proposals
of
53,248
Gas
of cumulative
preferred
to be presented to the
company,
Electric Service Corp., 30 Church
and
before
shares
12
noon
EDST, April 30,
Scranton-Spring
Invited—
1946.—V.
Brook
the purchase
Such
$100).
New
York
163, pp. 2014,
Water
Service
8,
N.
The
Y.,
The
York
of
such
to
exercise
until Feb.
the
in
of
of
warrants
$15
stock
to
into
27, 1947.
'
purchase
share,
per
'
the company's
preceding fiscal
'Net
sales
'
..
profits
year
1.
Gross
He
is a partner
Pennroad Corp.
the
/
,
derived
were
profit
from
its
war
under
dividends,
rentals
income
all
taxes
for
the
fiscal year
ended
Net
,
working capital
than
jpore
The
a
year
Jan.
on
31, 1946 of $256,289,747
Crll,865
The
has
company
split 4 shares for
renegotiated
its
1
on
has
of
in
Allstate
at
these
some
The
and
with
45,100
254,400
706,600
manufacturing
companies,
company
acquired
full
disposed of its interest
in
thaif
the
23,490
of the Newark
Marshall Stove Co.
iv.uiMo,
1—As
a
result
profits
on
YEARS ENDED JAN.
31
1946
Cash
1945
uuuuses,
tAfter
Other
1,045,258,832
income.
contracts
have
Total
income
C.ost of sales, adv.,
in
BALANCE
pepreciation
yaxes
854,551,431
737,433,776
4,318,143
8,565,384
12,435,472
Repairs and maintenance
.
992,455,804
733,416,863
5,657,058
8,440,851
12,848,902
11,815,324
-—-
(other
than
Fed.
inc.
in
10,213,016
-
-
„
Contribution to employees'
ings and profit-sharing
'
sion fund
&
earns.
ment plagi
Normal tax and
-
or
market
charges
Developments
pen-
emerg.
•—«-•
j
Deferred
sav¬
income
9,708,314
7,667,697
retire-
1,500,500
18,528,000
42,299,000
surtax
incl.
int.
nority stockholders
Adj. of int.
holders
Net
of
Total
7,667,697
and
facilities).
16,480~000
t§2,197,300
f35,676,000
35,834,836
3/'Based
tNet
payable,
35,834,836
25,020,126
34,176,111
24,891,614
$1.46
$1.45
Deferred
credit
Reserve
Reserve
for debt
consolidated
income
and
earned
1946
surplus
owned)
postwar refund of excess profits tax
Investments and advances
100,000
:
—
73,479,896
„
4,983,366
;
■
8,644,056
—
£"i
.
—•
v
—
12,459,630
5,305,191
7,907,399
95,649,514
1
"Accrued taxes, other
Other accruals
for
than
purposes
income
—
—
.
interest of minority
stockholders in
stock
Earned surplus
.—
—.
22,455,388
17,964,021
14,344.323
—
General
16,405,545
Taxes*
4.816,978
7,338,919
2,401,574
28,500,000
,—v
cos.—
—
r-f>
5,739,206
2,833,809
28,500,000
notes
of
and
depreciation
like
income
$60,827,000
amounts
in
of
$92,902,149
taxes
in
accrued
1946
both
were
offset
163,
by
p.
Dec.
U..'S.
31,
$366,378
expenses—TJL&
-
.
...
'
i
-
-v
-
——.
•».;»'
•
banks
due
1947
1946,
FINANCING
Outstanding
to
>
$5,000,000
1,000,000 shs.
common
$5,000,000
'542,331 shs,.
stock to be outstanding is subject
event
holders of convertible $5 preferred stock elect
stock prior to the date fixed for the redmption
,,
&
BUSINESS—Corporation was
Hoop Co. on October 8, 1900
Steel
10,
incorp.
in
under
the
name.
Pennsylvania.
Name,
1936.
•
has
contract
a
with
Niles
dated March
1,
1935,
whereby
steel
sheets;
light
plates;
flat
,
Niles
inches;
galvanized,
enameling
vitreous
bars;
tubes.
the
of
corporation
and
Its
subsidiaries
sold
are
to
a
"«
$38,293
304,211
The
Forgan
1,044,717,
NOTE—The
1946,
or
after
tax
$42,931
324,624
K-*
'
more
appreciation
provision
such
than
of
on
Dec.
of
'
-
V
were
on
possible
realized,
was
3,515
335,233
March
Federal
31,
__
in
$14,292,804,
31, ^.945,
2014.
1946
banks.
•
■
'•
..•.
.
"••
•
sales,
discounts,
less
Interest and other
Pacific Co.
of
California—
Reynolds & Co._
Singer, Deane & Scribner.
Barney & Co
Stone & Webster Sees. Corp.
Smith,
Sic
income
3,000
6,000
3,000
9,000
9,000
Total
1944
1943
$40,602,577 $38,491,795 $42,359,177
96,227
96,070
7,695
104,274
\
105,766
94,535
—
$40,803,078 $38,693,631 $42,461,407
34,423,501
32,601,691
34,128,477
711,685
659,981
657,922
Provision for amortiz. of special fac.
512,454
683,272
663,040
Selling, adm., & gen. exp
1,448,624
1,254,231
1,224,373
Employees' pension expense
66,223
58,855
Interest on notes payable
45,692
47,469
15,532
Loss on sale of misc. invests., etc..
6,415
—;
Equ. of min. int. in prof, of sub. co.
20,125
23,424
41,468
of
,
v
-
goods sold
for depreciation
Provision
.
..
,——
Federal
normal
and
surtax
530,000
—
Federal
'Debt
excess profits tax—.......
retirement, post-war and cur¬
Cr233,900
65,000
arising
wartime/operations
from
521,000
1,880,000
Crl88,000
56,000 !
>
3,990,000
Cr399,000
108,000
2,184,600
———————
Pennsylvania taxes
Approp. for contlng.
Preferred
Common
.(i<
'ot
'net
535,000
'
———.
profit
—
600,000
.——.
$1,029,074
$1,089,293
298,600
'
'
••
-
....
dj,v%nds
L
———
298,600
$896,595
298,600
392,330
dividends
392,330
392,330.
•Againstf extess profits taxes, including
by
subsidiary company in
a
>'
t
1945.—V.
)u
claim for refund of $20,300
163, p. 2dl4.
i
Sonotone Corp.^-Preferred Stock Offered —Van Alstyne, Noel & Co. on April 26 offered 60,000 shares of
$1.25 cumulative convertible preferred stock, series A,
at par
($25) and div. from April 1.
The stockholders
on
of
$478,386; investments in U. S, Govt,
securities, at cost,
$1,300,000; investments in other securities, $32,533,007; dividends and interest
receivable, etc., $131,957; receivable
for securities
sold, $52,229) receivable for
securities sold when
issued,
$182,752; special deposits for
dividends
(contra), $360,146; total,
$35,038,478.
$75,132,000
Treasury tax
3,000
9,000
6,000
-
1945
;
SHEET, MARCH 31,
3,000
3,000
Dividends
$250,293
331,588
investments
$4,630,000 for
appreciation
BALANCE
In
331,382
Co
Moore, Leonard & Lynch._
The Ohio Co
CONSOLIDATED INCOME STATEMENT FOR CALENDAR YEARS
Gross
39.500
*tf'A*7,Q36
$26i;708ir'^"$275,893
331,382
unrealized
ASSETS—Cash
41,631
34.500
"4,939
1
$277,059
deducting
$1,778,081
41,363 ( "lBMi41,336
* 34,498
'"
Milwaukee
9,000
9,000
6,000
Balance
$339,940
(
6,603
9,000
Beane
&
3,000
Co
Weeks
&
9,000
i
$342,509 lu%'$358,763
48,216
-34-500
Co
&
&
Hornblower
297,008
v
cum.
payable if
1943
ner
9,000
6,000
rent credits
* $34,139
No. Of
Shares
3,000
Richards
Goldman, Sachs & Co
Hallgarten & CO—
Harriman Ripley & Co., Inc.
Hemphill, Noyes & Co
271,106
3,844,314
■
••
Kidder, Peabody & Co
Lehman Brothers
Merrill Lynch, Pierce, Fen-
Glore,
965,800
for
•V.--'*.-. /
Securities
Field,
1,879,200
31, 1945 and
depreciation and
and $5,452,346 at Oct.
31,
1945
•
Chaplin & Co.
78,342
737,800
reserve
■
■
par in 1946. v i!After
in
1945
and
$97,743.<117 in
in the amount of
years.—V.
——
—
190,270,692 188,536,152
130,751,291 119,936,58L
—
.
§After
$24,324
341,853
preferred stock HlMl
-
"Federal
1943
at
ji—.'
Nefc income'
Dividends on $5.50
come
for
reserve
1945.
Interest
'After reserve for collection
and doubtful accounts of
$3,685,093 in
J946 and $3,041,532 in 1945.
gCapital stock outstanding, 5,865,571 no
par shares in 1945 and 23,577,956
shares of no
1946
31,
——
Total
467,174,685 423,037,908
in
the
1,
,
200,000
1,879,200
297,939
4,194,768
.-i'.d/i
38,466,317
30,998,718
14,663,111
19,367,201
...
sub.
—_
Total
April
Shares
9,233
INCOME ACCOUNT FOR 3
MONTHS ENDED MARCH 3
1946
1945
1944
4,416,862
Federal
Reserve for postwar adjustments
it Capital
Oct.
Dividends
orders—
installment accts. sold
ether
from
Corp
15,000
A. G. Becker & Co., Inc.—
6,000
Blyth & Co., Inc
9,000
Brush, Slocumb Si Co
3,000
Dec.
461,188
unfilled
Reserve for prior
years' taxes
Reserve for collection of
Reserve
dividends
(no)
products
Mellon
1,200,000
9,233
200,000
79,342
■bearing 2% interest annually,
Income—Interest
loan
and
" —'—
1,200,000
which mature March
1, 1947
467,174,685 423,037,908
■—
customers—refunds
accrued
No. of
Cost
.
Notes payable—regulation V
Due
to
112,723
Selected Industries, Inc.Debentures Offered—Union
Securities Corp. headed a
group of underwriters that
offered-April 26 $6,900,000 27/8%
debentures, due April
1, 1961, at 102.15%, plus accrued
interest from April
1,
1946. Proceeds of the
financing will be used to pay a
like amount of bank loans
>
Accounts payable
of
of $6,270,600.
UNDERWRITERS—The names of the principal underwriters and the
number of shares of common stock, severally to be pur->
by each, are as follows: '/
v
;
";T
100,000
contingencies
1945.—V. 163, 1771.
90,913,821
——_
—_
LIABILITIES—
in
funds
respective
103 737
(not current)
income
for
$5,485,088
$
I
Total
1
54,432,126
5,707,560
23,213,394
19,169,651
181,595,547 146,078,593
-2,848,347
2,848,347
receivable
_
40,470
369,224
for
271,106 shares at
amortization of
80,939,781
5,548,060
'.1
Inventories
llfixed Assets
100,000
2,465,865
$10,731,298 $10,373,250
'After
deducting $898,000 U. S.
Treasury tax savings notes, series C.
fRepresented by 19,316 shares
at Oct. 31, 1945 and
14,756 shares at
Dec. 31, 1945.
JRepresented by 297,939 shares at
1945
$
U. S. Treasury tax notes
Marketable securities
Deferred charges
stock
u;
of $5,300,-
treasury
extent necessary,
will be applied to the,
1, 1946, of all outstanding convertible
corporation at $105 per share and accrued
exclusive
sum
payable
electrical
The
Total
ac¬
68,488,312
Cash
(Goodwill
the
variety of customers including; manufacturers and fabricators of auto¬
mobiles; automobile parts; barrels; steel drums; electrical equipment;,
furniture; refrigerators; stoves; machinery; railroad cars; household
appliances; aircraft oil industry equipment agricultural
machinery^,
locomotive, stationary and marine boilers; condensers and evaporators;
toys and stampings; and users qt tubing for replacement.
124,083
380,671
Surplus
retirement in 1943.
ASSETS—
(100%
minimum
a
from
•
seamless
19,354
164,810
—
1945.
CONSOLIDATED BALANCE
SHEET, JAN. 31
notes
which,
the
$1,207,777
insurance on branch
inventories—
fPrior pref. $2.50 cum.
conv. (no par
value)
5% preferred stock, class
A (par $100)
t Common stock
(without par value)
$3,931,580
excludes
and
v*'.-
•
small ovals; half
ovals; other special shapes; cooperage hoop, and carbon and alloy steel
2,653,505
2,798,671
$1,164,521
*
230,723
accounts
15-year 4% sinking fund deb.
undistributed net profit of unconsolidated
insurance
companies of $985,537 in
1944, $330,234 for 1943 and $41,654 for 1942.
cos.
the
be
cash
steel strip in a variety of widths up to 24
galvanite and ternecoat Strip; black, galvanized,
■
33,866,087
24,714,003
on stock outstanding after 4-for-l split-up on Oct.
1,
postwar refund of $5,799,700 for
1944 and
'Accounts
to
of
chased
trade
excess profits taxes
pay..
payable
Accrued liabilities
15-year 4% sinking fund
debentures, due Sept.
28, 1946 (current )
Dividends payable Jan.
1, 1946—"I™— III—
Dr98,301
after
Insurance
'
The corporation and its subsidiaries are
engaged in the manufacture
sale of hot and cold rolled carbon steel
strip and stainless and
$10,731,298 $10,373,250
'Federal -income and
Other
33,964,388
$1.52
NOTE—The foregoing
count
34,276,344
Drl00,233
share
per
V
and
...
Accounts
mi¬
—
lbr 1943 plus $32,420
•
of
consolidated income
'Earnings
ration
and
1
"vf
agrees to sell to the corporation and the corporation agrees to sub¬
scribe for, and pay $100 per share for, any portion or all of
1,875
authorized but unissued shares of preferred stock of Niles which Niles
may at any time issue.
64,315
I
these
ending
about July
or
stock
convert any of such
158.989
U.4&OU
2,575,280
of
year
Corporation owns 70% of the outstanding common and 100% of the1
outstanding preferred shares (non-voting) of The Niles Rolling Mill
Co. which was incorp. on March 1,
1935 in Ohio.
Corporation also
owns all the
outstanding capital stock of Detroit Seamless Steel Tubes
Co., which was incorporated on May 7, 1900, in Micigan.
The corpo¬
668,910
—.
company's
part
the
..
estimated to
are
alloy
31,929
patents
LIABILITIES—
1,500,000
17,135,000
.
minority stock-
—»
on
require the
notes
226,510
19,354
100,000
the
on
major
during
;
changed to Sharon Steel Corp. March
con.
...
Net
corporation
HISTORY
no
660,555
due
amount
"
»w-.——-.
Supplemental
at the lower of cost
&
amts. due from
affil. cos. not
(after res. to red. to
their book value)
Other non-cur.
invest,
(after reserve)
Non-current note receivable
SLand, plant & equip, (incl.
The
,'
•
proceeds, together with
thereof.
$1,176,661,
17,253
2,245,468
3,336,504
,..4,-
...
'The number of shares of
-
158,989
made
163, p. 2164.
'
net
to increase
to
realized
$1,359,454
226,510
-
Inventories,
Inv.
8,328,147
the
Common
Dec. 31, '45 Oct.
31, '45
banks
Accounts receivable 4U. S.
Government)
Notes and accts.
receivable (net)
1,954,725
852,732,652
adm.
that
carried
$1.
amortized
1956
discounts, ex¬
bad debts and
found
been
the annual
Authorized
SHEET
and on hand
States Government
bonds
Claim for refund of
Federal taxes due to accel¬
erated amortization
852,596,706
1,047,096,591
sell.,
and general expense
been
of
has
in
CAPITALIZATION GIVING EFFECT TO PRESENT
There was no business done
under
two months ended Dec.
31, 1945.
during the
United
1944
988,770,171
3,685,633
1,837,759
for
renegotiation, it has been
—
Jtfet .sales—;...
casn
provision
patents are
value
fully
-
preferred
2%
(Including Wholly Operated
Subsidiaries)
ASSETS—
(Excluding Insurance Companies Not
Consolidated)
Such
Sharon
of
government
government contracts
Co.,
•
.
dividends,
$1.34
auvwaiivca,
tax, freight and parcel
post.
taxes
Corp. and associates on April 25 offered at
share 150,000 shares of common stock (no
per
redemption,
$5
94,435
67,754
$1.33
CONSOLIDATED
CONSOLIDATED INCOME,
135,553
The
nominal
become
PURPOSE—Net proceeds
000.
by the
company during the years ended
Oct. 31,
1943, and Oct. 31, 1944. The
company's profits for the
year ended Oct.
31, 1945, are subject to
adjustments on account of
renegotiation of government
it is not
contracts, but
expected that such
renegotiation will affect
income statement as
materially the
amount
Stove
93,960
69,496
stock
stock
presented.
ownership
the
stock,.
the
will
—
excessive
Where this
include earnings
$37.50
Par).
$510,145
51,604
49,533
'
other charges.
the
dividends.
Sears
its
equity
in the
plus
pref.
common
$504,882
10,751
$760,000.
at
1947.—V.
Securities
153,154
1,092,215
stock
common
on
,
sources.
companies, is $13,658,410 more
equities are carried on the books.
these
A
on
Earnings
1,
business
war
manufacturing
Insurance
which
class
cise
1944
is not over 50%, it is the
practice to
companies in income only when received as
these
on
NOTE
investments in
ownership
equity
Oct.
sheet
values
31,
will
$78,529
prior pref.
Div.
1945, thereby
to 24,000,000
shares, without
Qovernment.
Sears
on
Dividends
was
/increasing the authorized 6,000,000 shares
/ changing the capital of the
company.
approximately
Crl0,244
72,900
,
properly allowable deductions
purposes
patent valuations
Sharon Steel Corp.—Common Stock Offered—Mellon
285,514
Dr874 '
income
Div.
$16,592,756
was
ago.
capital stock
Net
for Federal income
made for amortization of
balance
18,566
Excess profits tax
equivalent to $1.52 per share of
compared with $1.46 per share for
1944,
Sifter giving effect to the 4 for 1 stock
split mentioned below.
provision
the fact that for Federal tax
of
Drl0,484
stock
common
NOTE—No
to
are
of
Cr65,404
29,509
1,466,970
$254,884
—
'Includes $228,096 representing the excess in the reserves for 4-yedr
which had expired-during this period and an amount of
$88,500 received during the period as, a refund of manufacturers*
excise taxes paid in
prior years.
•
•.
$4,371,116
2,311,283
5,094
amt. due from affil.
co. not con.
Prov. for Fed. inc. & ex.
pft. taxes—
Normal and surtaxes
-
'423,709
—
..
and
/outstanding
income
income
....
285,514
(net)
1,798,387
1,029,742
expenses
warranties
pro¬
the
Cr3,161
Interest expenses
1946
$38,937,562
36,245,346
32,913
Net
'% I V;
and
END. JAN. 31,
—-—
$168,825
Oct.
$5,767,207
2,882,114
12 MOS.
'
deductions
—Years Ended—
$712,163
473,497
expenses
1
——
Other
that
so
-
-
from
"£#*•
Loss for period
outstanding
renegotiated
''-■'-■4 •-'
the
$3,240,286 $26,288,523 $22,904,821
2,528,123
20,521,317
18,533,705
sales
on
Depr. & amort, of
emerg. facilities.
Reserve for loss on invest, in
Sears, Roebuck & Co.—Annual
Report—
Net income after provision for
Jan. 31, 1946,
was
$35,834,836,
$2,121,585; common stock
total, $35,038,478.—V. 163,
par),
Administrative and general expenses—
Other
Dec. 31, '45 Oct. 31, '45 Oct.
31, '44
Cost of goods sold
—1
sales
Cost of sales
shares- of
was
increased 26,833
shares,
297,939 shares outstanding.
were
year
the
tRoyalties,
the
Net
stock,'
Advertising, selling and service
preference
2 Mos End.
1290.
p.
common
company
Selling and administrative
director,
a
159,
into
(Including Wholly Owned Subsidiaries)
other
Loeb & Co., and also a director
Western Union
Telegraph Co.—V.
shares
at
stock
common
the
prior
Curb
Kuhn,
($5
$16,796,769;
••'Zi<-
CONSOLIDATED INCOME
STATEMENT
without
George W. Bovenizer has been elected
stock
surplus,
Servel, Inc. (& Subs.)—Earnings—
patent
Seaboard Surety Co.—New Director—
of
convertible
$2,056,940;
CONSOLIDATED INCOME STATEMENT,
provisions of the Sixth
Supplemental Defense Appropriation Act of 1942
as
amended by the Revenue Act of
1942, and it was found that no
excessive profits were
realized from such war
production during the
year ended Oct.
31, 1944.
the
Exchange announces that the $6 preferred
par value, was stricken from unlisted
trading at the
close of business
April 22 following approval of the
company's plan
of
recapitalization, which provides for conversion of the
preferred
stock into no par common
shares of the company.—V. 163,
p. 1481.
and
of
of
t
New
par),
1908.
company
ments
of $23,500,for
due
31, 1945, there
duction
purchase from it of
$10,000,000 cumulative preferred stock, represented
by 100,000 shares (par $100). Bids
may be submitted for all of the
bonds or for all of the
preferred stock. Such bids are to be
presented to
the company at the
office of Federal Water and Gas
Corp.
Room 1130,
90 Broad
St., New York 4, N. Y., before 12
noon, EDST, on May 1,
1946.
stock,
($1
p.
also, in accordance with the sinking fund
provisions
of the indenture
relating to its 4% 15-year sinking fund
debentures,
retired $100,000 of the
bonds on Sept. 28,
1945, and arranged for a
postponement of operation of the
contingent sinking fund require¬
Bids
bids
conversion
convertible
and
shares
During
Company is inviting sealed bids for the purchase from it
000 first
mortgage bonds, Series due 1976, and also sealed
$2.50
stock
at Dec.
1908.
Co.
of
sinking fund requirements.
of
stock
common
from
(par
for
at the office of American
St.,
shares
company
stock
are
result
a
common
Scrantpn Electric Co.—Bids Invited-^
it
$1.50 cumulative
ratio of 3.44 to 1.
a
During the two-month period ended Dec.
31, 1945, due to conversion
»
-
as
satisfied the
of
proposals
$2,133,015 to show
Under the sinking fund
provisions in the company's articles of
as
amended applicable to the
$2.50 convertible
prior
preference stock, the company
during the year purchased, retired and
canceled 1,026 shares of $2.50
prior preference stock, which together
with 4,560 shares retired in
the two months' period ended
Dec. 31,
16,
'
of
as
incorporation
stock recently
offered through
1946.. The 1,888 unsubscribed shares
underwriters.
(See V. 163, p. 1908J—V.
the
purchased
when
issued,
$498,113;
reserves
for expenses,
taxes, etc., $212,437; bank loans due March 1, 1947 (interest 2% per
annum), $6,900,000; $5.50 cumulative prior stock ($25 par), $6,025,000;
31, 1945, total current assets of $7,078,650
compared with
liabilities of $1,925,254 to show a
ratio of 3.67 to 1,
Dec. 31, 1945, total current assets of
$7,344,179 compared
with total current liabilities of
common
'<
r
LIABILITIES—Dividends payable, $360,146; due for securities loaned
cash, $35,200; due for securities purchased, $32,289; due for
current
and
-Scott Paper Co.-—Stock
Subscriptions Exercised—
163.
Monday, Ajpril 29i 194& S
against
As of Oct.
on
'
were
•'f J/*!*'
securities
part:
Wednesday, May 1, 1946; and that the cer¬
tificates shall continue to be dealt in
"Flat," and to be a delivery in
settlement of Exchange contracts made
beginning May 1, 1946, must
carry the Nov. 1, 1946, and subsequent
coupons.—V. 163, p. 1907.
The
■0.f:
FINANCIAL CHRONICLE
*r"
100,000 shares of
to
offer
to
the
April
12
authorized
$20 par preferred
public
60,000
shares
/stock,; series A^,•;;•;!/!/!;:/
The
mon
stockholders also
stock
frcm
1,500,000 shares
voted
1,000,000
as
to
shares
the
stock,
of
creation
of which
$1.25
of
it
an
preferred
ZiZ&ZZZ
increase the
to
authorized
1,100,000
shares,
originally proposed.—V; 163, p. 1771.
(Continued from page 2336)
issue
is proposed
convertible
/.ZZZZ-
$f
par
instead
com¬
of
to
volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4485
Stock and Bond Sales
DAILY
NOTXGR-^CftSli Shd deferred doliyarj *!•• •«•
«»
New York Stock Exchange
WEEKLY
-
YEARLY
-
«UnfMdtd la the W range, unless they are the only transactions of the day. No account li taken of such sales in computing the range for the year.
United States Government Securities on the NeW York Stock Exchange
Below
we
Treasury bonds on the New York Stock Exchange during the current week.
point •
furnish a daily record of the transactions in
Figures after decimal point represent one or more B2d of a
Daily Record of U. 8. Bond Prices
Daily Record of V. ». Bend Prieeo
:
2%s,
dK* 1947-B2U—,
sales in (1,000
Total
Sept.,
1967-72
Total sales In $1,000 units.
units.
High
High
3
':
:
Vis, 1946-49
•
I•'t.
Close
Close
Total sales in $1,000 units.
Total sales in (1,000 units.
High
1949-52
Low
Vk», Dec., 1967-*?72..—...
Low
._—
Cv?%. z
3yes,
Apr. 20
freaaarp-:^
Troasnry
2 Vis,
Low
—
1951-53
Close
Total sales in (1,000
•
.
Total sales in (1,000 units.
units.
v
High
High
Ss, 1946-48
«%s, 1952-55
LOW
-
Total sales in (1,000 units.
Total sales in (1,000 units.
High
High
IVis, 1954-56
Low
3s, 1951-55
Close
Total sales in (1,000 units.
'High
! Low
1955-60
Low
Close
Total sales in (1,000 units.
2 Vis,
Low
Close
Close
2 Vis
Close
1956-59
Total sales in $1,000 units.
Total sales in (1,000 units.
2Vis, June, 1959-62
2%s, 1948-51
Total sales in $1,000 units.
Total sales in (1,000 units.
High
2
B%», 1951-54
Close
Total sales in $1,000 units.
Total sales in (1,000 units.
High
2s,
Low
2 Vis, 1956-59
Close
2s, March 1948-50
1958-63
Total sales in (1,000 units.
Total sales in (1,000 units.
Hlgt.
High
2 Vis,
Low
1960-65
Close
Total sales in (1,000 units.
Total sales in (1,000 units.
nigu
| Low
2s, June, 1949-1951
1948
Close
Total sales in (1,000 units.
Total sales in (1,000 units.
High
2 Vis,
Low
Bs, Dec. 1948-50
Close
2 Vis,
fHign
{ Low
(Close
1947
Total sales in (1,000 units.
Total sales in (1,000 units.
2 Vis,
LOW
Vis, Dec., 1959-1962
2s, Sept., 1949-1951
Low
1949-53
Close
Total sales In (1,000 units.
Total sales In (1.000 units—.
riligh
.-{ Low
1949-1951
2s, Dec.,
(Close
Total sales in (1,000 units.
Bs. March,
High
Low
1950-1952
Total sales in
Close
Bs,
Sept.,
$1,000 units.
1950-1952
High
2 Vis,
Low
1956-58
Total sales In (1,000 units.
Close
Total sales in (1,000 units.
2s, 1951-1953
Total sales in (1,000 units.
«S,
:
/1951-55
High
Low,
Close
Total sales. In $1,000
units.
rHigh
! Low
2s, June, 1952-54
Close
Total sales in $1,000
units.
High
2s, Dec.,
Low
1952-54
Close
Total sales in $1,000 units.
[High
Bs
LOW
1953-55
Close
Total sales in (1,000 units.
High
2Vis
Low
1965-70
l%s
Close
Total sales in $1,000 units.
1948
—
Total sales in (1,000 units.
(High
I
LOW
l%s, 1950
,
[Close
(Close
Total sales In $1,000 units
♦Odd
lot
sales.
2Vis, June 1967-72
^Registered bond transaction.
Total sales in $1,000 units.
NEW YORK STOCK RECORD
LOW AND
Saturday
April 20
$ per share
HIGH
SALE PRICES
Tuesday
April 23
Wednesday
April 21
Thursday
April 25
$ per share
$ per share
$ per share
$ per share
70%
70%
73
*111%
112
*111%
112
*111%
*142%
145
*141%
145
*140
70%
70
16%
16%
16%
16%
42%
43%
43%
23%
*55
56%
'*
16
16%
4
57%
*132
58
134
42%
7
.
*140
72%
73
*111%
112
145
146
8%
43
7%
*40%
6%
15%
ACF-Brill
42%
22%
22%
22%
22%
Adams
15
15%
*55%
''
57%
135
9
41%
67/o
"62
55
*132
57.
33%
Address-Mutigr Corp
15%
16%
40%
40%
6%
6%
58%
60%
Aldens
6%
59
6%
59%
76
73%
73%
73
73 C.
72%
73
45%
46%
44%
46
46
47%
*110%
112%
22%
22%
110% 110%
23
201
201 %
200
26
26%
For
footnotes see page 2312.
26%
23
200%
27%
*110% 112%
22%
198
26Y8
22%
200
28%
,
197% 200%
27%
28
Inc
Jan
2
.
$ per share
Apr 24
24
Jan
146
Apr 26
15
Feb
25
19
Feb 1 1
26
44
19 Vi Feb
26
—No par
Alabama & Vicksburg Ry
lOo
Alaska Juneau Gold Mln,.10
8%
116
30% Feb
No Pat
——10
—.1
Admiral Corp/ -.i.—
Air Reduction Inc
56%
75
19
1
...
33%.
135
8%
tper share
12
10
Express
Adams-Millis Corp
Year 1945
Lowest
112
—2.50
Co
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61% Apr
111% Feb
_100
No par
Acme Steel Co
45%
23%
No par
—
Abraham «fe Straus
15
75
23%
preferred
42
45%
111
4%
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59
*110
Abbott Laboratories new
15%
63%
62%
4,500
$ per share
42%
56%
Range Since January 1
Lowest
Highest
Shares
15%
36
.56% :
Range for Previous
STOCK
YORK
EXCHANGE
43%
15% >15%
*132
146
NEW
23%
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31%
,
9%
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112
56
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Sales for
the Week
15%
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*111Vi
145
43
23%
Friday
April 26
73 Vi
112
15%
42
23%
STOCKS
Monday
April 22
Apr 23
24% Feb 18
44% Jan
4
31% Apr
24
15
Apr
25
50
Feb
25
122
57
Jan
9
8% Jan
3
31% Feb
26
Jan 29
41% Jan 28
20% Feb
1
59% Apr
8
Mar 30
12% Feb
6
135
1
5% Jan
3
44% Apr
9
8% Jan 28
5% % pf A with (30 war.
..100
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52% Jan
3
Allegheny
■———
Corp
Allen Industries Inc
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,
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.
82
Jan
28
3
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6
105
1
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38
100
—-
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68% Jan.
No par
Alghny Lud Stl Corp
Alleg St West Ry 6% gtd
21
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^0
Jan
Jan 25
Mar
110% Apr 24
5
25
185% Jan
2
210
22% Jan
7
Jan 30
Jan
17
29% Jan 28
?
S
Highest
$ per share
NEW YORK STOCK RECORD
LtfW AND HIGH SALE PRICES
r
t per shafi
|
56%
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For
footnbtes see
f aigfe 3212.
Nov
H
5
\iiztyp,,. ,*.? f;; p$$m?
Volume 163
"ia?:"'•T'T,r
Number "4485
*
"
"
:
NEWARK STOCK RECORD
LOW
April !5(>
.
* per share
*23%
$ per share
39
.
Sales for
23%
23%
24
23%
81%
82
82
82
82
81%
81%
38
38 %
38
39%
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66
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30
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107%
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105
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163
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80
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112
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114
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1,260
23
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108
April 20
$ per
$ per
share
47
57%
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6
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35
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73
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70
135%
55
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Cannon
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2,900
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58
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180
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12
11%
160
12%
114
17%
>112%
160
17 Va
15%
12%
12%
12%
12%
112%
112%
112%
*112%
16 %
16%
40
40
*37%
40
40%
40%
40 %
39%
39%
38%
38%
49%
48%
49%
47%
48
47%
48 Va I
22 Va
22%
22 %
22%
21%
22%
38
38
38
59%
60
111 Va
37
60
59%
111% 111%
*111%
59%
60
v
111%
■111%
900
38
46%
47%
60 Va
59%
60
lllVa
111%
21%
4,600
21 Va
21 Va
37' -
61%
60%
90
112
111%
*111%
27%
*26%
27%
24%
24%
•59%
*24%
25
1,600
1,300
58 Va
59
13,300
29
28
28
24%
24%
24%
24%
59%
59%
59Va
59 Va
59
59%
58%
"
13%
•13%
12%
13 Va
13%-
13
13%
12%
13
12%
12% -L
22%
22
22%
22
22
22
22%
21%
21%
21
21
1,800
2,300
12%
12%
12%
12
12 Va
11%
12 Va
12%
12%
12 Va
12%
2,200
26%
26%
27
25%
26
25%
26
4,100
26%
28%
26%
38%
38%
66%
27%
27,%
26%
26%
70%
33%
70%
70
33%
32%
70%
33%
*55%
67%
*55%
56%
Nor
60
*58
59
fdbtridte#lS6f
.
27%
66%
64%
69%
70%
68
69%
32%
33 Va
32
*55%
56%
32%
56%
36%
*58
59
*55%
59
60%
37
36%
"
56%
*61%
62
37
•"
*55%
'*61%
7,400
.
'
Deo
80
Deo
10% Mar
Dec
52%
Nov
40% Mar
[■J-
19%
37% Mar
59% Dec
/
106
40
12% Mar
20%
120'
74%
:
56%
62
Ohio Milw St
:
3,ooo
;
.
-
140
■
25
Oct
24% Deo
Jan
Jan
37%
Oct
18%
Jaii
39%
Dec
30 % Aug
42%
Dec
20% Apr
Sep
39%
Deo
111%
Dec
■
105
Jan
20% Dec
7% Mar
15y« Nov
13%
Nov
81
Nov
105%
July"
Dec
Oct
3%
Jan
Aug
Jan
15
7Vs
Dec
28
Jan
87
110
Aug
Dec
101%
Feb
39
22% Mar
Nov
Year 1945
56
Apr
Jan-
4
Deo
6%
Apr
9% Nov
Apr 17
7
10% Jan
Jan
72
11
Jan
21
52
.-
Dec
21
Jan
Feb
10% Jan
.47% Apr
183
3
Jan
4
2.
~5% Jaii
35"Ve
10 +
Mar.
78
'
22% Jan
3
20% Jan
2
33% Nov
.10
Jan
175
47%
Jan
Jan
104% May
127
Jan
/
Dec
.'71,
37 y8
Apr 22
Dec
48%
Jan
152
.8
77% Apr 20
Feb :26
14%
Dec
•
Nov
66%
Dec
110
Jun
159
Deo
Jan
25%
Dec
18%
Jan
21%
Sep
20 Va
Apr
31%
Dec
4%
Jan
13% Jan 24
15;,
25% Feb 26
29
lOVe Feb 26
.17% Apr 22
Jan
.
#11% Dec
11 Va
Nov
13%
Jan
29
109%
Jan
115%
16 % Apr
23
23% Jan
17
10%
Apr
20 Va
Jun
Feb
25
42% Feb
16
25
40
Nov
Jan
32 %
Dec
33=# Jan
50 Va
Dec
16%
Dec
10% Mar 15
Jan
7
116
112
42% Feb
.
26
3
,22% Apr 17
(14% Jan
108% Feb
26
;
Apr, 4
17% Mar 13
'23'
,
i
9% Jan
28%
Jan
55
Deo
Jan 17
Apr
9
108% Oct
112
Nov
24% Apr 23
63% Feb 16
14% Jan
22
Deo
114
33
.
.18% Jan
8
2
.
s
26 Va Jan
;i7V4 Jan
16
28% Jan 29
64% Apr ,26
PI P vtc-
:82% Jan 28
43% Jan
i' :.36% Apr 26
25
50
-
59
*
Mar 13
Mar 21
Mar
6
37% Jan
;
:
59% Jan 11
67% Jan
17
jun
Jun
r
Jan
Jan
;
24 %; Oct
66%
Oct
34% Jim
83
De»#
25%
Jan
74 v;Nov#
•49% Jvm."
54
1,7
6
12%
12%
5%
24
78% Feb 16
65% Apr 26
Jun
Jan
6V8 Mar
25
33% Feb
26
-
58% Oct
15%
28
2
25% Apr 25
25% Mar'29
50
Oct
47% Mar
23
"
9% Jan
^Jan
Feb
33
Jan 31:
<61% Apr 26
£4% Jan ' 5
20% Jan
7
Nov
21% Mar
43
7
Feb 26F
29Va Jan
45
Mar
10%
40% Apr 20
,61% Jan 16
28% Jan • 24-
No par
oaf
49
30
Jan
37
jye
Nov
.
Mar
56
———_40 v
50
,
Oct
135
32
34
Dec
Jan
116%
9
60
Nov
56
53% Feb
66
No.par
-1
RR Co—
Mar
10
40 Va Mar 13
—No par
;Copper_
Products^—
3
135% Apr
26
Dec
20% Deo
.
48%
Jan
26% Feb .26
No par
56 '
57% Mar 26
8 % Mar 14
Oct
128% Dec
TJan
5
Jan
45%
Feb
2
73% Apr 22
21
55% Feb
«
47
Dec
32% Nov
Jan,
113%
'22% Feb 16
43
,,
Mar
31
9
Jan
Sep
20
/
17
Apr
l
Jan
52%
2
45% Mar
.
$ per share
1%
.58
26
126 % Jan
V'/fg',
Highest
v
$ per share
49% Jan
16%:Mar 1
55% Feb ,28
175
Lowest
v
27%
134
Mar 13
4%%
-.mrp
97
Jan
10
22%
27%
;39
18
62% Feb
.
p#
Dec
NOV
25% Dec
47% Apr
8
58 ^ Apr 10
7% Feb 16
4
No.par
Series -A preferred-.,100
JChlcagb
Norttiwest'n
i--No par
5% preferred wi_
,100;
Chicago Pneumat Tool
;
No par
j$3 conv preferred:.. -No par
0r
NOV
128
Jan
Vs Jan
10
109% Jan 14
A——.
35% Nov
23% Jan
161% Jan
3
30% Apr 23
21% Feb 16
Chic & East IU
Dec
Nov
Jan
14%
8
Cerro de Pasco
July
21
Apr 10
Feb 2
25
Lt
36
112
35% Dec
?
25
Class
8,300
-
Feb
Mar
:10
tJhfoago Great West RR'Co—
5% preferred—,
'
7,400
••••
30%
31%
*55%
■;?
66%
67%"
31%
65%
64%
•65%
•
i
19.200
26%
26 Va
26%
25%
.....(*%
37 - -37%,
'
59
.
38%
38%
-
J
26 Va
27%
67
=68
38
37%
Jan
12% Jan 28
53
A—1
#0
-100
5
-No par
Champion Pap A Fib Co-—No par
$4.50 preferred
—INo par
Checker Cab Mfg new——*:
-1.25
Chesapeake Corp of Va,—
^.-5
Chesapeake & Ohio Ry———25
3,700
27%
28%
27%
69% Nov
47
-109 * Jan
7
'36% Apr 10
6.
Chain Belt Co_/
700
111%
29
27%
Jan
17% Mar
Feb
Oertain-teed
26,400
36%
*36
22%
■
42%
Oct
Jun
S2V2 Jan 29
Mar
series
Century Ribbon Mtlls:
"
24%
28
#'
10%
50% Mar
41% Mar 15-
Central Vloleta Sugar Co—
800
38
47%
"59%
Va.
Apr
95
7
X30
"
' 13%
_
5%
Nov
109% Jan 3
9% Jan 6
35 Vs Feb 16
,124
preferred—100
tCent RR of New Jersey
100
1,300
36%
29
T:'
16%
20%
•
65
,
105 Va Apr
111
Dec
45 Va
Apr
"
154
Central
Dec
191
.
Apr
77 Va
•
8% Jan
.5 t
Central Hudson G & E Corp_No par
90
12%
"V
:
8,200
40%
38%
24%
28%
■."V M4Z 24%
59 Ve
.
24,600
*16%
38
47
■
39
v
12%
114
*39
22'/a
.21%
*37
3,700
:
Dec
40 Va
33%
15% Jan 29
100
Apr 4
95% Apr 1
7
—No par
% 2d- preferred—?:———100
Celotex Corp.——
s
No par
2 5% preferred ———
--20
Central Aguirre Assoc——;_No par
Central Foundry Co————1
6,500
Dec
67%
36 %
$4.75 1st preferred
730
-
4%
Dec
109
52%
7
180
-■
f
Ohio Ry
Celanese Corp of Amer
500
16 Va/
*79
48%
2E
2,900
40%
16%
16%
41
40
\ *38
59%
16%
12%
16%
41,
159
158Va
112%
12%
113
41
42
■16%
17%
158
,
15,400
29
21%
114
17%
:
159
30%
21%
26%
11%
>
&
Dec
78!
Feb
Apr
24% July
114
Jan
Dec
34%
,
•
2
Jan
_S0
-1
Case /(J I) CO————————25
Preferred
i.—WHOO :
Caterpillar Tractor——-—No par
170
74
30%
■
16%
4,700
108%
108%
160
159%
95
48% Mar 30
3VaJan: 7
Carriers St General Corp—t
3,400
.
74%
74
75%
105%
179
Preferred
800
46%
.180
75
76%
9%
45%
Clinch
Carpenter Steel Co
'Carrier Corp —
5,600
r
57
•46%
9%
45
47%
179
28 Va
30%
21%
26%
.
77%
76%
21
*112%
*179
179
9%
9%
47 %
180
77%
30
*.
9%
46%
10
47%
47
179
47%
Carolina
500
57%
Jan
54
-iNo par -
Mills—
Administration class
$3 preferred A
——;
40
49%
28%'
9%
;
20
57
49%
*47
2,700
200
19%
20
39
-50
-Campbell W & p Fdy—
No par
Canada Dry Ginger Ale common—,5$4.25 'preferred -—,——No par
Canada Southern Ry Co—
100
Canadian Pacific Ry—
-25
5,000
100
*
20
20
*56%
57
*49
7
44%
133
70
71%
20
49%
Dec
Deo
112
Apr
Jan
S per share
par
—1
Zinc-Lead
Calumet & Hecla Cons Copper
.
19
19%
73
19%
42%
.
Range for Previous
Packing
No
preferred———
55
55%
20%
*55%
19%
56%
20%
72
*56%
16,000
'
20%
5%
Callahan
.28,400
'
38 Va
38
38
46%
72
19%
Jan
Jan
17%
9
Range Sinee January 1
Lowest
" Highest
STOCK
YORK
California
20
57%
*57
131%
*55%
,
Dec
32 %
Jan
9
Jan 6
28% Feb 4 *
45V4 Feb 2
108% Mar 28
45 Va Jan 29
$ per share
1,800
46
45%
46
57%
20%
*56
No par
.100
--No par
Deo
25 %
Jan
46% Apr 10
111 • Mar 22
i ,%Apr 11
20
Jan 9
•
Jan 24
Jan 3
24.% Jan 3
99% Jan
2
29yaFeb 26
Shares
I per share
45%
133
-
Jan
3
Jan • 4
Apr 15
Feb 25
109
6
100
—5
EXCHANGE
the We el
46%
■
-
72% Dec
Jan
38
STOCKS
NEW
Sales for
Friday
April 26
131%
46%
80
800
34%
*34%
$ per share
$ per share
46 Va
*57
10%
2,200
108
*106
Thursday
April 25
Wednesday
April 24
47
47
5,900
7%
28
common
preferred
Butte Copper & Zinc
Byers Co (A M)—
Participating preferred
Byron Jackson Co—.
HIGH SALE PRICES
6
39
7%
27%
108
$ per share
11%
11
11%
11
7%
28'A
35
58
*57
7%
27%
*107
April 23
47%
47
47
57%
8
28%
Bros
24%
130
26%
99%
14
90 • Jan 10
75% Jan
2
25% Jan
4
4V2%
100
110
*108%
Butler
4,700
30 %
30
30
35
Tuesday
share
2S%
*108% 111
108
LOW AND
Monday
April 22
Saturday
30%
111
8
28%
29
35
35
35
35%
30
*108%
8%
8'/a
29%
*35
180
••
Nov
Jan
,
xl08% Mar
115. Apr 3
38% Apr 22
39y» Apr 17
110% Mar 18
38 Va Apr 23
,
100
preferred—100
-10
preferred
Bush Term Bldg 7<&
-
*28%
*107
90
.
Dec
155
18%
56
Jan 17
.11% Jan 23
62
Jan
8
34% Jan
9
85
Feb
1
20%'Feb 16
53% Jan 28
67/ Apr 23
32% Apr 26
64% Apr 26
• -
Jan
20%
45% Mar 18
211%,Apr 20
57% Apr* 22
10% Feb 25;
:
98%
13%
'
■,
_1
Terminal-—
Dec
28% Dec
Jan
23
.
Feb 25
38%
108%
i
-ft
16%
Mills Corp common—1
4% preferred —•
100
Common rights.;-——
Burroughs Adding Mach
No par
35%
Aug
.
'/
48
-
109% Mar 11
55
Apr 26
2
25
3
26
3
25
Feb "26
35
38
Co.? Inc.——.——5
Bulova Watch
Burlington
12'/a
19%
*12%
par
Forge
1,900
19%
rl/64
•
^JJo par
No par
r.
—
5,400
v
'
*108%
Wheel
18% Mar
120
Jan
20% Feb
93' Jan
21% Feb
30%,Jan
104% Apr
100
>
73VaJan
Mar .15
31
Deo
Mar 26
<
Dec
Nov
30
127
35
%
109%
;
' -A
113
Feb 21
108
Dec
17
Apr 26
Jan
6
55
35 V» Feb 26
-
par
—5
%——
*
9
31% Feb 26
par
Nov
35
63
65
30% Feb 16
35V4Feb
8
,110% Jan
Co.———;
^-..1
Buff Niag El Corp $3.60 pfd
100
Bullard Co—
——:—
-No par
400
:
44%
43%
44%
45
43%
44%
45%
43
*105
44%
46
124
125
22%
23%
22%
23%
22%
23%
23
23%
125
par
-15
No par
new—
-
Bucyru^-Erle Co
7% preferred
Budd (K G) Mfg
$5 preferred
23%
125
•'or
2.50
100
Bruns-B»lke-Collender—No
3,600
37%
36%
373/4
36%
Co Inc
$3.60 preferred
109
"
36%
Shoe
Brown
900
38%
*106 %
#»ar
.
4,300
114
*37
383/4
109
200
32%
63%
114
37
38%
38 Va
39
109
Manufacturing———No
Brlggs & Stratton_.
No
New ;
:
No
Bristol-Myers, Co New—
3%% preferred
Brooklyn Union Gas
—No
Briggs
,
1,400
66%
64
*112
Brewing Corp. of America—
IP
Bridgeport Brass Co-_
—No par
17%
63 %
2.50
Branlff Airways Inc_.
17%
67
63%
61
700
';t
•»
4
Dec
29%
Aug
22% Aug
■
83 V4 Apr 10
41% Feb 15
1
3
7
3
7.24%
Jan
"May
18
Apr 24
Apr
6
;
• .r
44% Feb 26
SVe Apr 22
51 - Mar 18
25% Apr .13
72
Jan 21
xl6Va Mar 14
46% Feb 26
53.
Feb .13
32% Apr 26
' 35% Jan 10
& Maine-RR
Boston
4,800
32%
60%
5
Corp
(assented)-100
Bower Roller Bearing Co__a
_5
50
49
44 V4 Jan
Borg-Warner
17%
' 64.
63%
61%
8%
*75
78%
16%
lb
a
1,000
'
57%
100
.—
Dec
12%
113% Jan 6
168
Mar 22
2
,
Deo
136
Jan
Feb 26
60
104 % Jan
38% Jan
36% Jan
179
Jan
1
(The)—
Oo
V
3
.
Dec
42
Jan
12%
/
17
Jan
Aug
Jan
x50
29
26% Feb 26
_5
5,300
533/4
8%
Jan
109% Jan
——JNo par
preferred
•4%%
Borden
:
'* 38%
35
114
Sep
2
•
55% Deo
110
17%
19%
2
33Va Jan
2
22 Va Jan 21
29
Feb 26
—No par
Bond Stores Inc common
3,400
55%
26%
53%
*75
56
55
55%
26
*200
225
55%
Dec
No*
Apr
103%
"3"
.
"o%
>47%
63% Feb 27
100
& Biass
Aml Co class A
Class Bi
5,300
57%
-ri V-..
5
330
61%
f'
Bohn Aluminum
500
44
55 %
*8%
*62
110
93 V4 Jan
149% Jan
-
Co—2—i
Bon
57%
57
54%
80
;
*200
225
*200
225
57%
*56%
*75
64
110
293/a
Feb
47
Jan
112
Jan
6
58// Jan 17
•
"Feb 26
22
1
Airplane
25
Dec
xl06
' 35% Apr 23
,
7
Jan
31% Jan
1
tNo par
100
(Del)
No par
Boeing
19,100
*62
*108
43%
56%
26
293/4
63
60
45
8%
25%
10
:
30%
*108
63
44%
45
44%
44%
*200
55%
<
240
55
113
'
44%
.
53%
*111 %
28
Apr
37
49 ,..iApr 25
?
Laughlin Inc—
Bloomlngdale Brothers—
Blumenthal & Co preferred
/
/•""•86.V
7
25% Apr 11
4 '
108% Jan
0
Bliss &
4,000
63
110
*62
53
100
No par
No par
Black & Decker Mfg Co_i—No par
Blaw-Knox Co———No par
.
7,900
.
29
63%
*108
63%
63%
63%
*108
110
*108
29%
63%
39
38%
113
53
*111%
*111% 113
30%
29%
113
'
39%
39%
53
53
53%
*53
54
53%
112
32%
29%
28%
*63
-
80%
40%
28%
*31%
113
80
40%
-•
28%
32
*53%
*111
40-
Deo
Dec
24%
Aug
32% Jan
35% Jarf 28
Mar 27-
26 %Mar 13
Blgelow-Sanf Carp Inc
1,000
2,100
82
*80
82
*80
80
80
-
5~4~
Jan
14 Va
67% Feb
19% Mar 14
24'
,
_10
a
Indus Lo,an
.,/?
.
80
56%,Jan - 4
106% Jan 10
#LQ4 ' Feb 21
r
14%^Jan
3
.—No par y
preferred
*
Dec
16%
140% Feb 14
Foods
1%
600
4
Apr 26
7
Bethlehem Steel
8,500
163
52ya
17
Feb 18
59% Apr 18
,
6
Best & CO-it
5,100
7,400
■»
Apr 20
Apr
'34
56
30%
39%
2
39 Va Jan
preferred
Beneficial
Deo
127 ..Jan
Avlatioxi_i—:
Bendix
II,100
5,300
42
1
Bell Aircraft Corp
Bell & Howell Co
4%%
*109
Jan
20
I Belding-Hemlnway
110
,
1,600
34%
49%
50%
29%
34
:2,900
6,600
223/4
29%
50%
110
*109
110
22%
"
17%
50
Beech-Nut Paoking Co
'
Deo
52%
Corp
Creek
Jun
29% Aug
RRi-—
Beech
23
81
66
49% Jan 9
68% Apr 22
110Va Apr 22
110
Mar 8
307/a Apr 25
43
Jan 15
Aircraft
Jan
Mar
12%
25% Mar 25
Feb 4
t per share
share
■'.../■■ ::
Creamery—--—.—25
preferred
-No par
4% % preferred—-100
Beech
20
£ per
,
64
-
6
•'
Shoe
Beck
100
132
*127
22%
166
105%
*164
41%
30%
'
30,100 ;
30%
41%
23%
28%
28
29 VA
43
132
*126
133
49%
*48%
-
30%
29%
*40%
43
30%
>
49%
51%
30%
23
!
110
50%
51%
28%
*40%
*126
'
51
105%
.
$4.25
360
105%,
Oorp_
:.
.Beatrice
.
90
105 Va
31
36
*108
110%
105%
43
29%
36
110%
105
23
23
31
31%
HO'; 110
105%
•
130
130
•
23%
23%
2,100
111
*109
28 %
23%
30%
23%
"
27%
43 ! "
*40%
31
*
28%
28
43
•62%
62%
63
63
64%
64%
64
li0%: 110%
105 Va 105%
Works
Iron
Bayuk Cigars
1,600
20% Feb 25
75 *Jan ' 3;
37% Mar 15
38
Jan 2
33
Apr *26
53
Jan
—21% Jan
1
20% Jan
No par'
40% Jan
.
.
£ pershare
.
———-+-10
BarnsdaU Oil
V.
*60%
+
preferred.——--.SO
4%%
50
55%
•;
BarkerBrothers——-.—-Najjar
10,600
:
100
;10
preferred
Asphalt Corp—
700
33
56%
29%
Barber
700
28%
28%
hit
=Conv
110
10,000
30
*55%
Aroostook—-———50
Bangor
800
23%
81%.
*22%
t per share
Shares
$ per share
$ per share
EXCHANGE
,
;■> Year 1945
##
Lowest.
Highest
/Range Since January 1:
Lowest
Highest
NEW YORK STOCK
V
the Week
23%
66
Range for Previous
: W" STOCKS
•'
Friday
April 26
24
81%
81.
.40 y4
3 per share
«
39%
*23%
80%
40
April 24,
Thursday
April 25
Wednesday
A$ril 23
April 22»
* per share
24%
80'/4
Tuesday
Monday
Saturday
SALE PRICES
HIGH
AND
Jan
£6
/
"
Dec
:
19%
Jan
37%
49
*
Jan
59%
Oct
#
;«4
Jan
64
Deo
#
Dec#v
£0¥,
RCIAL & FINANCIAL CHRONICLE
A*""
Monday, April 29, 1946
f
V^.
v
stock Record
HIGH SALE PRICES
LOW AND
Monitay
Saturday
April 20
t per shaft
*22%
22%
23
22%
22%
22%
22%
10%
10%
49%
132%
10%
50
10%
49%
134%
*111
116
*111
49
*113%
116
116
;
31%
73
*71%
68
*190
*105
107%
111
111%
73
71%
71%
*106%
108
107
*103
*190
196
*190
*164
194
72
*58%
56%
*163%
57
170
*190
192
*189
32
2,900
67
600
195
*105
71%
70
108
*103
57
*163%
*58%
57%
65
54
56
-•
•54
54
17 Va
17%
6,700
20%
20%
31
31
2,000
31
30%
31
29
27%
28
2,110
26
880
25%
130
29%
*28%
29%
*28%
27
43
.44% .44%
43%
43%
12
12%
12%
105
12
*103%
57%
12%
11%
*109%
105%
48
46'
33%
103%
12 Vs
:
■
•
12
45%
—
102%
31%
110
•"
A%
102%
102%
55%
53%
54
119%
119%
*118%
120%
•118%
120
24%
24%
24%
24%
4
:
700
290
4%
4%
4
4%
125%
124
124%
125%
36
34%
35%
34%
35%
24,400
76
77%
75 I'
75%
73
74
71%
73
125
37%
37%
36%
37%
36%
36%
36%
37
52%
52%
52 %
52%
51%
517/a
52
52%
*50%
" 9%
35%
35%
9%
9%
9Va
35%
35%
8%
34%
109 %
109%
109
109
23%
22%
"51
r
51Va
"
a
40%
113
a
*108%
109%
21%
22%
21
50%
51%
51
25%
27
26J/a
35
35%
109%
20%
50 %
.,21%
50%
26%
39%
40
38%
112%
113
112%
112%
27%
112%
51%
16%
53
50%
51%
50%
40%
113
53%
16% " 17
;■ 108%
♦106
17%
16%
108%
38 Va
39
25%
35%
108%
"
900
22
50%
26%
23,300
17%
*106
17%
108 %
17%
38%
38%
112%
112%
112%
50%
17
' -51%
4,300
13,100
16%
107%
51
V 16%
107%
47 Va
47%
48
114
16%
16%
58%
♦111"
<
58%
"
a* 109%
'
16%
*16
58%
19%
■
.47%
48%
113
20
20
47%
47
16%
110
*107
20%
20%
*27%
28%
*54 "
55
Continental Baking Co
$5.50 preferred
,
19%
19%
18%
19%
18%
187/a
18%
19
Continental Insurance
Continental Motors
46 Va
47
44%
46
43%
44%
45
45%
6,600
27%
55%
20%
20%
20%
20
21
20
21%
20%
27%
*26
26%
800
55%
*55
55%
80
19%
1,700
19%
--
20%
19%
19%
58
58%
59%
59%
59%
59%
60
59%
59%
59
59%
24
23%
24
23 Va
23%
23
23%
23%
23%
1,500
63
63
23%
62%
23 %
63
36%
36%
107%
206
13%
6%
*107
64
63
35%
208
208
208
6%
14
14%
14%
6%
6%
6%
63 Va
14%
6%
April 20
t per share
46%
46%
110
*108
32%
32%
*31
52
53%
39%
108
108
*146
108
149%
49
49%
115
*31
115
*114
Products
tper share
44
$ per share
45%
45%
457/a
*107%
108%
107%
33%
33
33
Crane
33
33
100
Co
3%%
200
116
52%
54
51%
52
51%
51%
53%
53%
53%
53%
53%
2,900
1,400
38%
35%
36%
36
37%
5,600
Crown
108%
108
108%
*108
108%
146%
*140
145 Va
*132
142
47%
*114%
48%
47
47%
114
108
108
*137
'$2
40%
*39%
26 Vi
26%
25%
*165
40
*39
26'/a
*165
49%
51
*165
50%
104%
*103%
104%
52
43
43
70
68
*67
104%
44%*
68%
21%
20%
137
137%
*136%
138
76
76%
*75%
76
'
7%
7%
,
;
22
21%
.
*135
140
7%
21%
*135
'
42%
42%
26%
42%
27
26%
•
27
*26%
46%
47
2,200
115
*112%
115
200
,39
38%
39
150
65
65 %
26%
65
138
21%
*134
-
42%
26%
26%
26%
26%
26%
*111% 112
*111%
34
32
42'/a
26
*134
26%
•
.
:
67
67%
68
50%
" 50
40
46%
45%
44%
45%
13
44%
45
13%
13 Va
13
12%
12%
12%
30%
43%
12%
27%
27%
'
*75
■•f-
27%
48%
?*49
28
27%
fi:"" 75
80
75
36%
36%
*74
*38%
39%
*38%
39%
39%
39%
28
28
'77
28
*73%
27%
76
*73%
39%
45
.
12%
27%
49%
49%
49
49 >"-•
48%
48%
48
48%
For
footnotes
see
30%
92%
page 2312.
30
"
90
*105
^
30
91
110
29
'
"a
"/
90"
*106
29%
90%
" 110
28
<
4% Feb
2
132
Feb
26
36
42% Jan
2
32
7
Mar
6% Jan
38
37
600
26% Mar
39% Oct
11
29%
50
6
6
Feb
23% Apr 20
52 % Apr
9
33% Jan 17
47
Jan
8
115% Mar 15
54% Apr
19% Apr
18
8
24%
106
22
31%
Jan
45% Dec
17% Jan
17% Aug
35% Dec
108%
93% July
89
*105
28
•'
90%
110
28
"29
*105
91
110
Dec
Jan
47%
Feb
1
20
5
100
52
23% Mar 20
3
1
Jan
14
22% Feb
26
60
Apr 24
27% Jan 18
61% Feb 26
33% Feb 20
105% Feb
5
109% Mar 15
61% Apr
199
67% Jan 21
38% Jan
70
3
Jan
Oct
59%
12
2
11
Jan 29
210% Mar 30
14% Apr 10
7% Jan 29
10% Feb 26
5% Mar 14
Va Jan
49% Jan
19%
30
Dec
53%
Jun
26%
16% Aug
52 Vb Mar
Dec
64%
Jun
Oct
38%
Oct
101% Aug
58% Jan
108
Dec
71
Oct
182%
Jan
199
Dec
6
Jan
13
Dec
3% Jan
7% Dec
Range for Previous
Range Since January 1
Lowest
Highest
$ per share
Feb
107% Apr
25
31
Mar
Year 1945
Lowest
$ per share
26
38
47% Apr
9
110% Mar 21
4
35% Jan
33
14
t per share
Highest
$ per share
25%
Jan
43%
Dec
99 %
Aug
108%
Dec
24
Jan
34%
Dec
Apr 17
49% Feb 26
62
Jan
14
37
Jan
59%
Dec
par
51
Feb
27
54% Feb
6
49 %
Nov
53
Dec
29
Jan
3
20%
Jan
30%
Dec
107
Jan
21
40% Apr 12
110% Feb
5
115
Jan
3
39% Feb
1
150
Apr 12
54% Feb 16
42% Mar 13
28% Mar
106%
106
Dev
Oct
35%
41
Jun
112
Nov
124
Nov
Jan
52% Nov
87%
Jan
111
Nov
25
Aug
42
Dec
16
Dec
.v.-
37% Mar 29
22% Feb 26
160
Jan
39
Mar
46% Jan
10
Mar
29
8
145%
Jan
Xl50
54% Apr 26
4
99% Jan
8
28% Jan
5
25%
Jan
165
106
2
Jan
Mar 25
99%
Dec
Sep
51% Nov
102
Nov
5
35
Jan
3
50% Apr 26
29% Apr
51
Sep
47
Feb
9
70
Apr 20
28
Jan
56
Dec
18% Mar 13
26
Jan
9
-J Mar
—
J:-v.
Decca
Records
&
Oprp
146% Feb
5
17
76% Feb
15
7
Mar 18
5
23
24
I
30
Jan
10
-
...100
—
A
50
..———20
new
Match
12.50
No
preferred-....
2,800
Distil
Oorp-Seagr's Ltd
par
25
Diamond T Motor Car Co
3,100
29
.3
No
par
100
Feb
4
118
25%
Sep
Apr
75%
■a.
Oct
Oct
___154
Oct
9 a Nov
30%
125
Oct
Oct
37% Deo
27%
Dec
28
Dec
4
16%
Jan
28
Deo
Jan
7
108%
Sep
114
Dec
34 % Apr
20
28% Feb
Apr 15
45
20
preferred
19
1
113
2
70
Apr 26
42% Jan
5
37% Jan 11
30% Jan
4
41% Mar 15
52
Apr
4
39% Mar
40% Feb
5
34% Aug
40 Va
22
Aug
33%
Dec
34%
Jan
57%
Jun
12% Mar 4
75
5%
26
Feb
50c
Inc
28
partlc
Feb
Mar
111
Detroit Hillsdale & 8 W RR CO—100
8 K
5% Aug
18% Jan
Jan 29
Detroit
Diamond
4
43
,
24%
Jan
2
134
X
59%
12% Feb
32% Mar 13
pfd——100
122% Apr
34 % Feb
129% Jan 30
Co—..—.—..No par
Raynolds
Apr 23
100
pfd
Preferred
&
,
20% Apr 15
(The)
Li 4%%
EdisonL—
8
Jan
: -V"'V
Dayton Rubber Mfg Co
Deere
'
Apr
73
No par
-
Chemical
1
24
136
Devoe
1
""90%:
Dec
28% Dec
55% Nov
16
16
6,100
700
<
17%
Nov
io
3,500
900
113
Jan
19
Delaware Lack & Western
r'j
109% Dec
50
Sep
Jan
106% July
10% Apr
43
100
Delaware & Hudson
48
Feb
Apr
8% Jan
17
30
9,500
45
Dec
40% Nov
17% Dec
47% Apr
10
2,600
48
45
115
Jan
26%
37%
Dec
Dec
100
12%
av
Sep
11% July
20
100
44%
,
Nov
7% Dec
34% Nov
109%, May
Jan
Jan
■
12
""i
Jan
Nov
8% Jan
29% July
No par
100
43%
28
*48
No par
No par
1,700
27%
Jan
3% Mar
6
18% Feb
....
5
39%
%r
Dec
34% Nov
29
1
39%
■
124%
22
109% Jan 28
4
Feb
Jan
36
12% Feb 26
102
4% Nov
H Jan
89
28% Jan
10% Feb
4
Jan
1
Apr 22
52% Apr
Feb 26
112% Jan
6
Feb
77% Apr 22
38% Apr
9
4
1
Delsel-Wemmer-Gllbert
76%
46
110
38%
37%
45
91%
38%
36%
*44%
47 :
30ya
2
Jan
31
23% Feb
Davega Stores Corp, N Y
4,600
9,100
*73
47
*105
2% Jan
123
53% Sep
118% Dec
25% Dec
15% Aug
17% Jan
preferred
Dayton Pow Sr
2,600
•
37%
47%
30%
70
76
47%
94
31
"
36%
48%
110
Dec
9
Apr 10
16
26% Apr
Jan
Press Inc
Class '-•■A
10
" "51
38%
SO
30%
v
38
48%
*92%
Jan
59% Apr
120
Dec
24
No par
Cushman's Sons Inc 1%
38%
48%
*105%
39
110
5
19
30% Feb
—
Curtlss-Wright
10,900
139
30%
39% a
a
21%
37 Va
37%
Jan
Feb
19% Mar 15
56
No
Davison
49%
39%:
45%
'36
47
52% Mar 12
Co
Seal
1,400
2,400
67%
40
13%
28
10
Mar 20
100
27
51
'
41% Oct
Dec
■
46
25
27
50%
30%
58,400
•
25%
25%
*111% 112
112
66%
40
Nov
26
18
common
Cutler-Hammer Inc
66%
39%
36
9
106% Apr
Apr 23
112
Jan
22
20% Apr 20
22% Mar 6
common
3,500
50%
50 Va
39%
;.
102
84
48
Apr
35% Apr
24% Feb 26
Jan
100
42%
49%
49%
39%
40
36% Mar 15
Nov
63
50
preferred
4%%
600
65%
50
39%
39%
102% Jan 23
-
50
11% Dec
110% Nov
107% Oct
5
Zellerbach Corp
Cuneo
200
•
31%
1
4% Jan
90% Jan
Jan
25
42 Va
25%
50
39%
A 45%
139%
32%
32
24
Cunningham Drug Stores Inc—2.50
Curtis Pub Co (The)
No par
$7 preferred-.-.—...
No par
Prior preferred
-No par
51,900
*75% "76%
7-*:
-7%
*134
27%
25
*111%
200
200
23
21
42%
39%
.
-; ;
139 "
*26%
26%
7'/a
21%
42
112-
28
Jan
14
No par
preferred
Cudahy Packing Co
3,400
67%
139%
"
76%
■'
21%
42%
Jan
14
3
4
35% Feb 26
7%
50%
22%
139% *
7
21%
47
111% Apr 10
106% Feb 20
20
Jan
54
Refining
&
Jan
18% Dec
Jan
17
preferred
Cuban-American Sugar
14,300
103
*60
23
76%
138
109
48% Apr 22
113% Mar 29
Corp
preferred
5%
4,500
54%
49%
67%
139
7%
21%
140
Feb
9% Jan
a
28
18
109% Jan 10
...
Cork
115
Mar
X40
Jan
25
Cuba RR 6%
_
103
48%
21%
76
25%
53%
104%
*■
*60
138
76
v.- r" 7
42%
65%
"
20%
53%
48%
67%
22 Va
7%
21%
25%
*165
*103
50
75%
*135
27
111%
21
25%
51%
104%
49
*61
137%
7
43
26%
*103
75%
21%
25%
52%
Nov
31
5
Crucible Steel of Amer
:
*165
51%
137%
-
39
*165
'
€7%
20%
7%
111%
33 %
*111% 112
'
33%
34%
f:
21 Va
140
26%
Aug
14
Dec
50% Dec
16
No per
$4 2nd preferred
47
*112%
39%
25%
mmmm
*64
*
20%
39%
25%
52
51%
*103" 104
45%
48%
'
*42%
40%
25%
110
29
39% Mar 13
v,
*39
-
17
23% Jan
24% Feb
par
5
new.
$4.20 preferred
250
144%
46%
114
116% Jan
110% Jan
2
14% Mar 13
preferred
Crown
53%
37%
115
9
Dec
106
Jun
Cream of Wheat Corp (The)
2
Crosley Corp (The)—
No par
39%
Oct
3
Apr 25
40% Feb 26
Par
2,600
33
*108
.
Jan
Feb
YORK STOCK
EXCHANGE
9,000
4~9~
Feb
101%
34%
16% Jan
25% Apr 25
Shares
32%
*31%
*143%
49
31%
16
Feb
20% Apr 25
NEW
Sales for
the Week
107 %
337/a
33
112
56
50% Nov
Coty Inc
—^
Coty Internat Corp
,
53%
'
54% Apr 22
108% Mar 18
1
Trust
Preferred
270
6,200
52
148%
47%
Corn
10,600
Friday
April 26
April 25
108%
33%
Bank
26
5
—
34
53
*32
42% Feb
Apr 26
45% Jan
2
STOCKS
Thursday
'
33%
205
Exch
Nov
11
Mar
-
Corp
Corning Glass Works
3% %
preferred
8,200
14%' # 14%
6(%
6%
ri
Steel
PRICES
46%
*107%
,
70
39
-
108
*145
45
205
Corn
770
4,200
53%
53%
53%
39%
46%
62
,
'6% yi ipffi
$ per share
JL08
33%
33
54%
3.9%
39%
108
33
53%
54%
*53
45%
110
32%
*31
33%
$ per share
46%
SALE
/63,
2p8L
14%r/14%
Wednesday
April 21
April 23
$ per share
46%
*108
Tuesday
61%
35%
107%
62%
35%
107%
*205
14%
6%
6%
61%
35%
107%
62%
206
14%
'
■*
64
*205
LOW AND HIGH
Monday
April 22
Saturday
107
63
35%
*106%
36%
107
64
61%
63%
63
35%
107%
208
206
13%
62%
35%
36%
107%
63
64%
64
63%
35%
*107
•
Oct
72
11
Jan
10
Cooper-Bessemer Corp
$3 prior preferred
Copperweld Steel Co
Conv pref 5% series
Cornell-Dubilier Electric
280
~24
Continental
183
Feb
67
31
Continental Oil of Del
1,200
26%
*55
May
59% Dec
200
Dec
Jan 29
Continental Diamond Fibre.
3,200
21%
130
11
20
4,500
21%
155
No par
15 Va
22,400
Apr
23
104
Oct
140
Jan
62
53%
9
Apr
47
No par
57%
*55
Jan
1
Inc
"
*57
*107
Can
15
*26
35%
16% Feb 26
42% Jan 18
$3.75 preferred
56%
55
5
32% Feb 26
107% Feb 25
.
Continental
12,800
111%
15%
27%
60% Jan
Jun
.No par
58%
21
Nov
41% Sep
46%
20
15 Va
55
Jun
59
5~0~%
pfd..—100
57%
27%
100
Jan
46% Jun
pfd—N&par
16
*20%
Jan
Jan
34%
15
59
21
93%
53%
4
Jan
Gas,
15%
55
18
25
44% Feb
38% Feb 26
Container Corp of America
100
46%
46%;
*109%
Apr
58% Apr
106
28% Jan
Corp
58
27%
19%
20 Va
20
47"
112%
3
19
5
$5 preferred
16%
27%
*54
.
110% Apr
33% Apr 25
No par
No par
Y
59
20%
.
46%
*109%
Oct
68% NoV
V
99% Jan
No par
S
Corp:
Consumers Pow $4.50
Jan
Nov
25%
No par
No par
Natural
44
56'A Feb
10
Consol RR of Cuba 6%
2,600
3
14
100
15%
47%
;•
47%
112%
106%
Jan
14
No par
w w
58%
58%
20%
47
46%
*109%
48%
113
72
Apr 16
108% Mar 5
104
"
Jan
Consolidated Vultee Aircraft-
370
50%
108
*106
38%
112%
51
115
Jan
Credit
Consolidated
~
*111
pfd
cum
Consol Laundries
6,400
4,300
26
$4.25
Consol Coppermines
Consol Edison of N
17,100
21,800
50
26% '
38
39
112%
Jan
No par
new
Congoleum-Nairn Inc
Consolidated Cigar—
1,100
8%
•22
,
109%
113% Jan
Dec
39
$6 preferred series———No par
Commonwealth Edison Co
—25
3,000
51
108%
51%
51%
26%
No
Conde Nast Pub Inc..
3,500
36
108%
22
May
41
'
v53%
*105
35%
109%
23
51%
27%'
26%
/
a
22%
•
36
1
35%
*108%
105
No par
Commonwealth & Southern_.No par
6,500
35%
8%
Jan
38
6 %
-
186,600
4%
124%
36
9%
89
2.50
$3.60 preferred
Commercial Solvents
26,600
127
9
8
10
110% Apr 26
57% Jan
2
2.50
Commercial
3,500
25%
4%
9%
Jan
26
Columbia Pictures
30
35%
71%
108
72%
27% Apr 26
25% Apr 26
2,300
125%
69%
2
100
4,600
55%
4%
Dec
Jan
49 " Jan
100
32
-
4%
4%
205
par
45
105%
45
31
Nov
Feb
preferred—100
Columbia Gas & Elec—
«
25
9% Jan
170
18
20
Southern
1st
Jun
27
178% Jan
Class B
800
127%
.127
35% "35%
;
&
non-cum
Dec
105
Feb
162
preferred
conv
Jan
205
2
preferred series A
100
5% preferred—
100
Columbian Carbon Co. (new)-No par
56%
23
cum
98
27
26
4% non-cum 2nd preferred
Columbia Br'd Sys Inc d A
91,400
110
%
Colorado
300
55%
25%
5
1,900
12%
"
*104
32%
102%
*101
43
'42%
11%
109%
1 105%
45"- "46 •
*104
32%^ 34%
102
•
109%
105
45%
-
32%
26 "
11%
110
105
103
102
120
25 ;
47%
*31%
'
57%
1197/a
25%
25%
*42
109%
57
119
119
42%
105%
32%
57%
*42%
*41%
109%
103%
33%
105
42%
42%
109%
46
45%
45%
33%
26
42%
42%
•
f
25%
*24%
27%
43%
105
*109%
105
28 """
27
43
*41%
"27
29%
28%
42%
27
-43%
114%
30
68% Dec
26
50% Feb
No
Aug
Jan
Jan
Feb
No par
(The)
A
58
20%
31
12
Apr
71% Jan
140% Dec
105
S%
conv
preferred
100
Colo Fuel & Iron Corp new—No par
*112%
35
Jan
Feb
No par
17%
:;;Nov
59
No par
20%
"30
Dec
48
Jan
205
152% Jan
$3.50 preferred
114%
Dec
15
42% Jan
9
38
Apr 20
98% Apr 24
108% Mar 5
100
—
Collins & Alkman
16%
4
3
102% Apr
9
19% Feb 26
par
60
30%
109%
Class
25
28% Jan
68% Jan
No par
100
1,000
20%
27%
■
58 "A Apr
29%
91%
Deo
x23
1
48% Feb
Jan
4% Jan
30
Feb
Coca-Cola International Corp No par
Colgate-Palmolive-Peet
No par
4,800
17%
43%
12
Jan
104
20%
*27
117% Feb
27
37% Apr 24
a 53
17
22
114
*52
20%
Apr
141
—
4%
"104
17%
29%
109%
*112%
53%
50
26
1
52/""
■
20%
43%
*104
114%
52%
105
-vi
16
8
35% Apr 26
480
17%
44%
44%
52
4
Jan
113% Mar 15
Coca-Cola Co
65
20%
27%
*28%
64%
*1,300
53%
*103%
53
193
18%
32
.*27
*112%
52%
-
a
Apr
J per share
15% Jan
series—100
"t Preferred
21
18
20%
'
*31%
*112%. 114%
114%
104%
*52 Va
53%
65%
*1,300
54%
104%
105
53%
65
65%
*188
1,800
*20%
18%
18
20%
*104
54%
*112%
114%
*112%
105%
''
65%
53%
54%
Corp—.
Highest
$ per share
2
1
41% Mar 15
Special gtd 4% stock—
...50
Molybdenum
No par
Cluett Peabody & Co
—No par
168%
«
--T:TI—rga
Climax
16,200
57
*163%
168%
*188— 193
*1300
'•«**'<
53%
54%
105%
105%
53%
65%
*1300
*1300
54%
,54
.105%
;
65%
65
65%
65%
10
34%
15
$ per share
Marl3
6% Apr
1
5% preferred100
Clev & Pitts RR Co 7% gtd
50
,
60
33%
'
*1300
106
34%
56%
800
108
58%:
23
Clev El Ilium $4.50 ptd
No
Clev Graph Bronze Co (The),..
210
70
*106'
,
106 ■'
33%
168%-
110%
19
par
Oil
City Stores
6
Clark Equipment—*.—.....No par
O. O. O. St St. Louis Ry. Co.
100
5% preferred—.............100
107%
110%
25% Jan
City Investing Co
5%% preferred-
120
67
58%
193
107
20% Feb 26
.
760
*192
70%
*106%
*103
60 36%
35
7,200
68
111%
108
56%
170
*105%
31%
107%
106
10,700
198
•67%
*192
*110%
*106%
60
31%
*105
72
36
105%
par
10
Year 1945
Lowest
Cincinnati Milling Machine Co
10
C I T Financial Corp
,
No par
City Ice & Fuel
!
No par
2,700
"
107%
*103
35%
57
*164 '
168
;
*52%
60
36%
56%
57%
*56%
*164
96%
111
110%
108
*106%
*103
*58%:
35%
68
107
108
"
'35%
95%
31%
198
:
*105
111%
107
"
55
35%
105%
32%
68
198
*106%
'$ 60
;*58
36%
35%
104
32
32%
68
*104
'
104
*192
68%
111
71
.
111
54
no
107%
111
56
Q7
Chrysler
7,600
35%
Sper share
No
Cotton
Co—
Clnn G & E Co pfd
35%
98%
Range for Previous
Range Since January 1
Lowest
Highest
No
Chile Copper
116
55%
36
96%
105
129%
•111 A
35
56%
35%
198
*105
107%
*105
'
•"
-
EXCHANGE
Chickasha
tChilds
160
35%
96%
105
50
128 "
36 4,
,
36
33
*192
198"
116
35%
94%
68%
68%
*67 %
*192
*111
35%
32%
33%
33%
;
*104
*49
:
-
STOCK
Chicago Yellow Cab
13,500
49%
YORK
Par
4,000
10%
36%
94%
105%
21%
10
55
35%!
*104
21
58%
38
94%
,
y.-M\ ■'
200
10%
56%
:
22%
21%
94%
105%
57%
36%
94%
:
22
129% 130
37%
NEW
Shares
9%
55%
56%
f
$ per share
23
49
133
36%
a" 57%
Sales for
the Week
20%
,
48%
130%
132%
*113%
116
10%
48%
49
130%
133%
22
10
10%
'
*22
20%
.,.22%
Friday
April 26
tper share
23
*22
22%
22
10 Va
49%
133
$ per share
$ per share
22%
23
Thursday
April 25
April 24
$ per share
stocks
* - •
Wednesday
Tuesday
April 23
April 22
25
Apr 20
50% Jan 29
,
16% Jan 16
Jan
7% Mar
49% NOV
47% May
Dec
16% Jun
Jan
3
28
Apr
17
Jan
14
77:
Feb
25
67"
Jan
75
Sep
3
38% Apr 23
25%
Dec
29%
Dec
33
Aug
45% Nov
Jan
40% Jan
.
3
43% Jan 15
27
Mar 13
83
40
33
Feb
25
105% Mar 15
,..50% Apr
4
49%Apr 15
34% Jan
103
14
Jan
29
109% Feb
5
21
Jan
25%
48
Dec
Nov
40%
Jan
16%
38
Jan
35
Jan
S98
Dec
Jan
109
Mar
105
Dec
ftTHE/COMM^
NEW YORK STOCK RECORD
LOW AND
ft;-1
Saturday
April 20
49
56%
43
56%
43%
30%
89
184
184
Tuesday
'
SALE
$ per share
49%
56
S per
51
56%
57
42
43
-51
56%
41%
42%
Thursday
51
51
56%
55%
56%
41
30%
30%
30%
30%
29%
30%
25,.
25%
24%
25'/a
24%
24%
24%
24%
86%
88%
87
89%
88%
89%
87%
88
184%
184%
114%
115%
115%
*114%
117
*114%
26%
25%
26
25%
111%
112
27
27%
*113
114%
33
36%
36%
210
209% 211%
27
26
112
32%
33%
*36
33%
37
26%
112
112
112
31%
36%
32
33
36
33
182%
36
*127
128
127
127
127%
127%
127%
127%
115
115
115
114%
114%
114
114
114
25%
25%
121%
42
*41%
*256
206
64%
*203
64%
37%
110
112
112
*1,11%
39%
40»
205
38%
110
39
209
39%
39
111%
112
*206
111%
111
110
*110%
111
2,200
110
110
44%
111%
30
39%
39%
39%
1,500
8,500
250
4.4%
1,400
110% 410%
17
12%
12%
12%
12%
12%
12%
11%
11%
11%
11%
2,500
Elastic Stop Nut Co
78
78%
76%
77%
77%
79%
78
79
76%
77%
30%
31%
30%
6%
30%
29%
30%
29%
30%
29%
30%
29%
31
5,200
9,400
Electric Auto-Lite
Electric Boat
6%
28%
6%
6%.
6%
6%
27%
28%
168
26%
28 Va
167%
168
157
153
155
Elec & Mus Ind Am shares
Electric Power <fc Light
No
$7 preferred—
—No
$6 preferred——— No
Electric Storage Battery—;—No
El Paso Natural Gas
6%
6%
98
29
169
169%
168%
154%
168
169%
157
155
*154%
*154
-
6
6%
6%
4,700
27%
6'A
28%
42,500
26%
28
164%
166
164
166
2,600
154
154
154
900
*151
54%
57
53%
53%
52%
53%
53%
53%
53
53%
53%
533/8
1,400
57%
*53%
57%
58
58
58
57%
58%
57%
57%
563/4
57%
3,400
24
24%
23%
23%
22%
23%
21%
22%
22%
23%
7,200
31%
31%
31%
31%
31%
31
31%
30
31%
30%
32%
1,900
95
24%
94
94,
92%
93
93
93%
*92
94
Q9
92
24%
*31%
woo
*105%
105
105%
104%
i.
105
105
105%
89
*104%
1053/s
39%
38%
104%
104%
104%
104%
104%
1043/4
*103%
1043/4
106
106
106
107
106
106
*105
106
*106
107
*106
107
*106
107%
106
106
106
106
4
4
4%
40%
*103%
105%
106
40%
41%
4
3%
40%
39%
40%
3%
10,700
130
.
3%
3%
17%
17%
17%
16%
17%
16%
17
16%
163/4
161/4
165/a
77%
77%
77%
78
77%
78
77%
77%
77%
77%
77%
78
:
*92
94
*92
94
*92
94
*92
*92
94
18,000
19,900
1,600
18
18%
18
18
17%
17%
17%
17%
17%
.17%
17%
175/8
32
32%
30%
32
30%
29%
30
29%
30%
30%
31
48%
52%
53%
51%
30%
53%
54%
55%
53%
543/4
.55%
55
55%
54%
55
54
54
54
54
53%
54
*9%
10
*9%
10
*9%
10
*9%
10
9%
73%
73%
73
73%
72%
73
73
73
70%
28%
28%,
28%
28%
28%
28%
28%
28%
28%
'.
,52%
.
5.83/4
Emerson Electric Mfg Co
Emerson Radio & Phonograph
3,600
.
2,300
17,000.
Dec
ft 129
116% Feb
5
113
Oct
117
25% Apr
18
13
Jan
133% Apr
4
Jan
19% Feb 20
Feb
13
24
39%
2
44
Apr
26
26
263
Apr
24
170
207
Apr
Feb
24
2
185
Jan
Sep
July
191
Jan.
8
58% Apr
3
Feb
108% Jan
•
9
11
28
71
Mar 14
111
4
47
Apr
16
114
Feb
25
Jan
July
24
110% Apr 26
106
Mar
33
Jan
3
163/8 Jan
28
67% Jan
3
80% Feb
353/4 Apr
5
11
5% Mar 14
7
4% Aug
par
148% Jan
3
Apr 20
172% Mar 9
par
137
Jan
3
158
55% Jan
Jan
Jan
58% Apr 24
2
18
30% Feb
213/4 Apr 25
43% Aug
34% Mar
21% Aug
20% Mar
2
37% Feb
Jan
109
103
46 3A Jan
3
3%
8
49% Mar 13
par
Jan
14
29
17% Jan
Mar
Aug
May
8 %
42% Jan
5
7% Jan 24
193/4 Jan 21
par
6
24
Jan
5
75
Jan
4
"94
Apr
22
104% Apr 24
111
Jan
24
103
Sep
16
Jan
106% Jan
9
15
Mar
8
100%
6
101-
Feb
102 V* Apr
41% Apr
25
9
32
110
104% Apr 11
105% Jan 31
.
Feb
Mar
10
104
Oct
„
Jan
49
40% Apr
192%
18% Jan
Feb
4
3
(Equitable Office Bldg——No par
No par
—100
111% Mar
2
3% Jan
i
62
Mar
100%
Jan
Sep
Sep
1
53/4 Jan 30
May
12%
23% Jan
77
93
'• Jan
17
68% Jan ft
95
Jan
29
86
16*% Mar 21
23% Jan
28
23% Jan
333A Apr 16
58% Apr ,26
15% Jan
15
42% Jan
Apr
3
93% Mar. 15
—60
5
«
46
3
,
18
45% Mar 14
1
Apr
28
Jan
16% Apr 26
Erie RR common—.—.
•' 6% pref series A
Eureka Williams Corp.—
Evans Products; Co
Eversharp Inc
Ex-Cell-O Corp
—
Exchange Buffet Corp
Dec
34%
Jan
215
Engineers Public Service.———i
$5 preferred
No par
$5% preferred
No par
$6 preferred
No par
Dec
30%
,.
125%
15
30% Jan
50
100
Endlcott Johnson Corp—
4% preferred
Erie & Pitts RR Co.—
94
*92
94
430
140
4
3%
4
17%
<3%
.
230
40%
105
106
41%
103%
106
105
106
41
103
*103%
105
105%
900
(The)
Mar
8
98
5
100
1
5
-3
78%
12
20 V* Aug
Jan
,
12%
12
28
Jun
113
Dec
132
.
Eastman Kodak Co—
No par
6% Cam preferred1
.—.—.100.
78%
111%
Oct
33%
Jan
a
preferred
115 i
Apr
155
Eaton Manufacturing Co
—4
Edison Bros Stores Inc, com new—1
4 % % preferred
100
4% %
167%
Jan
27
Apr 23
114
10
Ekco Products Co
Dec
Jan
110%
212
J
Eastern Stainless Steel Corp
36% Apr
2
Jan
Dec
126% Apr
ioo
12%
28%
30
Oct
29% NOV
100 %
< Mar
122%
12
Apr
383/4 jan
24% Mar 12
No par
1st pfd
116
8
29%
181% Feb 26
20
taaiern Airlines Inc
100
44
,
,
65
18
7
33% Jan
par
Dec
Jan
22% Jan
184% Apr
—i
Deo
56
50
6
108% Mar 25
116% Feb
108 V* Feb
50
18
26
100
$ per share
tpersh
Mar
4
23% Mar 14
Co
Eagle-Plcher
'
2,000
64%
63%
110
43
44%
44
393/4
64
143% Feb
Elllli:
209
63%
111
*44
7,100
22
:,
17% Mar
31V* Apr
3
86% Apr
ft/ft
Highest
ft: / High
47
293/4 Feb
23% Apr
1945
Mar 19
113 V* Mar 12
International
Ouquesne Llgbt s %
48
6
3
.
I per thar#
share
50c
$4.50 preferred
8,100
■
40% Apr
/:25 ■■'ft. Jan
per
No par
—
Dupian Corp—..No
Du P de Nemours (EI) & Co
90
255
65%
*110
45 %
24%
24: •••
128
255
*205
39%
110
•
259
207
*44%
46%
•ft
127
114%
39%
263
63%
114%
Dunmn
•
500
*38%
40
206
1
1,800
500
3,800
32%
128%
257
65%
36
1293/4
127
114
24%
900
.
128
261
262
64%
23%
;
25%
133%
205
110
45%
46%
24%
128 V*
260
66
38%
38
110%
46
40
206
65%
38
110%
122
41%
40%
261% 261%
260
*203
123
25
129
24%
25%
25
121%
127
ft
Mar 28
$4 preferred series A
Dresser Industries
3%% conv preferred
205
205
206%
127
*114%
32%
*35%
35%
204%
400
7,500
.
$
52
Apr, 24
57% Apr
6
Feb 26
52
Pepper Co.——.—.
No par
4,600
Doehler-Jarvls Corp
——5
6,700 :'V Dome Mines Ltd
No par
6,100
Douglas Aircraft
—No par
2,100
Dow Chemical Co common—No par
26'/a
111
111
32
*35
208% 211%
212
117
t pet ehare
39 ft
Dr.
1,700
181
180
184
114%
27%
209
182
182%
115%
37
88%'.
115
*114
209
24%;,
'
184 %
184
>114%
27
120
29%
87%
30%
t
'
No par
Class A
810
57
41% ft
30%
41
ft
93
33%
56%
,
Par
No par
Dixie Cup Co common
2,500
51%
24%
41
30
115
7
51
4-
ft'ftftftft Year
lowest';
Range Since January 1
Highest
Lowest
ft
Shares
$ per share
52
41%
the Week
April 26
$ per share
share
NEW YORK STOCK
EXCHANGE
Sales for
Friday
April 25
25%
*114%
Ranee for Previous
STOCKS
PRICES
Wednesday
April 24
.
-V-
April 23
49%
,■
*42%
30%
25 %
ft
$ per share
49
ft 55%
-
;
April 22
Sper share
49
Monday
HIGH
63 V* Jan
Jan
11% Jan
543/4
55
2,500
*9%
10
100
72
70%
70%
1,400
Fairbanks Morse ft Co
28%
28
28V4
2,100
Fajardo Sug Co of Pr Rico——20
Farnsworth Televis'n & Rad Corp.!
27% Mar 13
363/4 Feb '
5
25%
14% Mar 13
193/4 Jan
9
213/4 Mar 14
26% Jan
10
17
104
62%
NOV
9%
Dec
123/4 Mar
Federal
9%
3
2.50
8% Jan
9
61% Jan
3
75
6
10% Jan 28
Jan
F
15%
15%
*110%
50%
51
*333ft
34%
18%
183/4
18
72%
71
72%
*33%
.
14%
15 VB
233/4
.24%
*110%
111%
50
51
723/8
*33
ft
34
18%
17%
70% *
693/4
31
31%
63
62%
63
79%
79
79%
108
15%
111
111
,
49%
ft
111
15
15%
24
24%
24
10,800
1,700
110%
1103/4
*48%
501/4
1,000
*32V4
33
$6
70
50%
*48 %
33%
33
33
18 Va
703/4
17%
17%
171/4
17%
71%
72
74
5,100
5,800
107
106
105
29%
30%
63
Jan
110% Jan
2
112% Feb
13
-2
41% Jan
; 4
543/4 Feb
7
4%%
26
34% Apr
23%
Jan
14% Feb
26
19% Apr
17
93/8
Jan
No par
—100
1
280/4
29%
2,400
Ferro
Dept Stores——
preferred.
conv
Enamel
108%
•106%
*107%
*63%
65
*63%
43%
44%
114%
*113%
44%
*113%
26
74
i Apr
26
28%
Jan
xJ.04% Apr
17
108
Feb
7
Corp—
Mar 14
34
Feb
16
70
Feb
Feb
28
19%
19%
19%
54%
55
*53%
103
103
53%
45
*44%
*523/4
18
17%
*100'/a
61
25
x66
Jan
3
83% Apr
6
108 %
*1073/4
*108%
110
200
100
107
Apr
15
109% Jan
17
1053/4
Apr
65%
64%
*63%
65
800
No par
54% Feb 25
65% Apr
5
42%
Jan
433/4
443/4
42%
44
11,800
No par
114%
113
310
34% Feb 26
2
1103/4 Jan
*56
19%
H* CO
108%
64%
43%
43%
113
113%
Co"
57
55
553/4
*53%
54%
400
19%
19%
19%
19%
193/fe
10,900
54%
53%
53%
53%
17%
17
17%
16%
55
53%
16%
16%
97V4
97 %
60%
63
*95%
63
;
97
97
98
98
96%-
97
44
44
423/4
43%
41%
42%
27
27
27
27
27
*26%
31%
31
31
30
30
29 %
97%
44%
44%
National Stores
Flintkote
Co
(The)
Follansbee
No par
Steel
130
63
2,500
Food Fair Stores
5%
conv
97
1,600
Food
42 3/4
1,300
Foster-Wheeler
27
*26V2
263/4
29%
*293/a
30
Machinery Corp
6%
300
preferred
Co
prior
*155
161
*155
161
59
59
58%
58%
58
58
57%
57%
56%
56%
1,100
44
58%
43 V*
43%
44
43%
433A
43%
43%
42
43%
42
43'/4
6,900
Fruehauf
*155
161
LOW AND
Monday
April 23
Saturday
April 20
13%
13%
13%
13%
12%
10%
10%
9%
10 %
9 3/4
20%
20%
21
*24%
25
25%
26
25%
*75%
77
*75%
■
24%
13%
14%
14
573/4
58%
*56
56%
57%
57
19%
19%
19%
109
*106%
69%
13 ft'
*106%
69%
69%
13%
'M95
195
20%
161
tper
13
12%
9%
9%
*20%
Sper share
13%
12%
12%
123/4
123/4
1,500
10 %
9%
9%
9%
mi
34,200
21
20%
20%
20%
203/4
1,300
24'/a
24
24%
24
24
25%
24%
25
24%
24%
24%
24%
3,800
75%
75V4
74
751/4
74
74
73%
73%
14%
13%
14
13%
13%
13%
13%
13%
13%
*57
58
112
*106%
13
13%
*195
13
i
198%
*112
19%
19%
563%
57
*112
19%
18%
13
19%
*106V2
13%
109
683/4
A
12%
■
197
12%
*195
197
32,900
Gabriel Co
1,900
19%
,68%
20
19%
YORK
4%%
Amer
197
7,900
30
—
26
26%
25%
26%
26
26%
4,100
General Bronze Corp—
14%
14
14%
13%
13%
13%
13%
2,700
General Cable Corp
49%
4,100
152%
920
180
*178%
%
ft'-
46'%
47%
53%.:
54%
53
54%
54
54%
: 75%
73%
75%
*1283/4 129%
129%
28%
27%
28
39
38%
ft
46
*147
'
9%
33%
5%
5%
5%
5%
23
22%
22%
46 ft
22%
22%
9%
34%
.40%
40
120%
45%
46
149
152
121
>
v
45%
9%
343/4.
35%
40
121
'.
2312.
8%
34%
ft
40
.121%
For footnotes see page
45%
*148 ft 152
149
9%
73%
27%
37% ,38
6
6
f -ft 22%
118
128%
*27%
■"
130%
743/4
1283/4
39
45
46%
132
118
*116
74%
38%
••
44%
*130%
132
117
117
/118%
74%
45%
45
*130%
40
ft
120%
8%
34%
*128%
180
46
130%
*116
118
128%
129 V*
*178
2,300
30
180
Class, A——
cum preferred
7%
General Cigar Inc
7% preferred
May
Feb 26
4
-
117%
*116
72%
74
128%
128%
600
733/a
31,200
1281/4
400
■-5%
22%
21%
5%
5%
2,300
213/4
5%
22%
57,200
1,000
28%
Feb
86
14% Dec
65% Feb
18
51%
Nov
Dec
19% Apr
5
12 Va
Jan
24%
Dec
107% Feb
Jan
14
1043/4
109%
Dec
71% Apr
143/4 Apr
22
61%
Dec
5
Feb
5
12% Feb
26
28
60
22
Apr
2
11% Feb
26
171
Jan
45
Feb
49% Feb 20
333A Jan
par
Corp—No par
10"
3
Jan
2
139
31
43
130.
20
Jan.
Mar
49%
Sep
56
Nov
4
4
2
26
General Shoe Coro—
Corp
—
1
Gen Steel Cast S6 preferred—No pat
29
Jan
Oct,
Feb
260
ft.
Nov
Jan
2,500
39%
120
38%
145 Va
40
39%
120
Jan
37%
38%
.
19
114% Jan
17
Dec
6
4.
U9% 119%
39%
•
.
Dec
.
8
7,100
20
ft 15
Mar
Feb
33
7,500
Dec
27%
Jan
6
9
Apr
32%
.-
51% Apr
156
185%
Jan
17%
14% Dec
52
33% Mar 13
43/4 Feb
28% Apr
16% Apr
160%
4
17
,y.
2
70% Feb 26
xl28
Apr
Apr
Jan
8% jan
26
115% Mar 29
ft
198
49
6
182
Feb 20
Feb
108
ft
NOV
15
15
8
Mar 13
321%
8%
Dec
Deo
.58
26
32%
423/4
152
Dec
85
26
Jan
341/4
,ft
293/a Jan
7%
33
*148
NOV;
66%
8%
42 3A
43
152
293/4
163/4 Mar
8%
ft
*148
14% Apr
..
18
8,%
43
■
15
Jan
Jan
28
9%
152
Utilities
Dec
Nov
16
2
29
9
Public
Dec
103/4
19%
Apr
Jan
Jan
Gen Public Sprvirp
Gen
12%
Jan
Jan
4%
29
21
16% Feb
18% Mar 4
5
38% Mar 4
Gen Railway Signal—
...Nth pat
6% preferred
3.00 ft 142% Feb 27
7% Jan
3
Gen Realty & Utilities——
10c
26% Mar 13
General Refractories.:
.—No par
22,
6%
16
-ft
Highest
$ per share
5
Mar 23
182
Outdoor Adv common—No
Gen Precision Equip
Fet^ 27
15% Feb
11% Jan
v,
y
17% Feb
100
—100
General Motors Corp.—.—10
$5 preferred
—No par
Gen
2
$ per share
80%
preferred ———
conv preferred.;
2,500
5%
Year 1945
Lowest
40%
78
3 3/8 %
3,300
3
26
Jan
12% Jan
No par
5%
Dec
Jan.
General Mills common
110
29
V
36
Jan
2,400
132
371/4
40
Dec
23 >.
58
44%
44%
*1303/4
28%
120%
35
$ per share
71
No par
36%
40
29
9
Foods Corp..!
37
120
45% Jan
9
General
27%
40%
51% Nov
60% Apr
7,900
36%
120%
Jan
118% Apr
52%
27
45
34
3
52%
27%
*148
11
Highest
No par
9
No par
—No par
100
No par
100
General Electric Co
38%
5%
% 44
60% Apr
8
53%
130 »/2
Dec
4
37,400
22
■
146
Jan
46%
37%
'
Mar
19
54% Jan
45%
117%
73%
74%
37%
37
45%
45
45
152
26%
/
Dec
118
Jan
Dec
35% Jan
46%
x52%
131
43%
37%
*178
180
47%
132
48
152%
36%
46%
283%
.
39
47%
129%
*
*177%
180
47%
151
47
46
*117
180
180
49
143
54
53%
46'
*130%
ft
*178%
39
152%
37%
47%
46%
v
383/4
38%
37%
48
493/4
27
No par
27
152%
38"%
43%
Apr
1,
Transportation
General Baking—
$8 preferred—
Amer
Gen
14%
48
Jan
14
100
5
—8
Investors
Gen
2,400
$4.50 preferred
683/4
26%
151%
383/4
25
2
50
14%
50
9
Jan
5
50
preferred
,
27
151%
44%
22 3/4 Mar 13
1
Gaylord Container Corp—
5%% conv preferred
14%
49%
59% Aug
Jan
22
20
Industries Inc
conv
Dec
80 %• Jun
25
8% Feb
No par
preferred
Gar Wood
Jun
35%
,
Dec
Dec
75
Jan
10% Jan
No par
Co
$3
Dec
133/a
Jan
153A
19
.—20
26%
151
47%
34% Jan
1
preferred
Gamewell Co (The)
Gardner-Denver
18%
44
,
6% Mar
2
47
\
(Robert)—
14%
50
26
Lowest
(The) common
Inc
27%
151
'Oct
Feb
Range Since January 1
6%
14%
50
53
Dec
Range for Previous
27
150%
Jan
16%
30%
4
STOCK
8,200
109
•'"'123% ,13%
*195
Co
Gair
800
57%
118
*106%
68%
500
57
57
115
71
*193
57
57
*110
109
133%
56%
57
70%
195
195
58
118
*106%
109
71%
71
71%
56%
56%
112%
19%
19%
109
58
58%
56%
56%
41
$ per share
210
*24
■
18
6
2
142
Shares
25%
24%
Apr
19% Apr
58% Apr
EXCHANGE
the Week
April 36
$ per share
share
25%
*24
57
3
26% Jan
1
Trailer Co new
NEW
Sales for
Friday
77
24%
115
115
118
*115
21
April 25
April 24
21
*155
Nov
STOCKS
Thursday
Wednesday
t per share
$ per share
161
SALE PRICES
HIGH
Tuesday
April 23
Sper share
*1555
Dec
111%
11
27
Francisco Sugar
59
*155
*
383/4
July
23%
72% Feb 26
37% Feb 26
No par
F'k'n Simon & Co Inc 7% pfd—100
Freeport Sulphur Co
10
1,300
Jan
107
33% Jan
10
25
Corp
17
18
673/4 Jan
-1
10
;Inc
Oct
.60
,
Jan
11% Jan
10
100
Corp.—
preferred
'97
26
NOV
110% Mar
45% Apr
Jan
41
70%
53% Mar
115
16% Jan
7%
Fiorsneim Shoe class A
Feb
42
No -oar
Power Corp..
421/4
ftft
-i:""
No par
Florence Stove Co
Florida
97
:•
com
$4 preferred
1,800
16%
99
First
preferred
1,000
58 3/8
63
103
4%%
161
31
i
JO
Firestone Tire & Rubber
99
96
31%
Fidel Phen Fire Ins N Y
3,300
61%
64
*26%
2,300
77
62%
62
62%
27
61%
76
193/8
64%
31
*26%
61%
78
*113%
57
45%
98
62
763/4
45
19%
63% Dec
Jan
50
7
61%
63 V.
114%
57
54%
21% July
79%
63%
19%
99 %
a
*64
*113%
114%
103
*17%
18
17%
103
63%
65
9
Jan
103
108 %
108
Jan
11
78%
78%
58
*56
57%
*55
*62
Jan
Mar
.
253/4 Jan
50% Feb
26
...5
Federal Motor Truck.—
Federated
Jan
No par
Federal-Mogul Corp
"
•
*62%
79%
42% Jan
28
preferred..——.—No par
29%'*.
28%
62
106%
200
15
Light & Traction
Federal Min & Smelt Co——
270
693/4
1053/s
63
78
108%
*105
105
14%
*24
31%
30
31
•30%
49
50%
17%
69%
105
,
■\
105
111
111
*33%
34%
183/4
105
106
106
15%
24%
•
•110% 111%
51
15 Vb
25
243/4
15%
25
153/4
24%
24
No par
14
112% Mar 23-
Apr
40 3/4 Apr
56% Feb
51
Feb
135% Jan
123
Jan
27% Mar
36
Oct
Oct
172
May
153
.
52% AUg
43% Aug
ft;
Aug
134
1143/4
Oct
123
127
8ft
14
62
Jan
125
May
10
ft Jan
Mar
Dec?
77% Deo
80 3/8 Jan
30
Feb
5
29
Apr
40% Jan
26
14
22%
Jan
15
1%
Jan
7%
Dec
28%
Jan
46 Va
Dec
132
7% Jan
Apr
15
130
23
■
Mar
Dec
36% Dec
18
47% Jan
.
23
150
Apr
8
123
12
113/4 Feb
ft
130% Jan 10
Feb
3% Jan
21
35% Apr 22
40% Apr 20
Jan
19 ft Jan
ft,
99
Mar
v
v
140
8%
34
31
133 %
Oct
Dec
Dec
Dec
Dec
;K«<wWBWItiSiaH«WetS
.THE COMMERCIAL % FINANCIAL
CHRONICLE
Monday, April 29, 1946
1
YORK STOCK RECORD
LOW AND
:1%V Saturday
,
Monday.'
April 22
April 20
,
4
$per share
'44%
$ per shark
44%
46
:
46
*106%
*110
*110
61
106%
61
103
'*•
40%
47%
47%
47%
47%
56%
*55%
56 %
6'/*
6%
*142
6%
145
43%
83%
103%
103'%
*112
6%
142
145
142
44
83%
43%
80%
*103%
74%
105
113
112%
112%
112 %
•38%
*38%
39%
*38%
39%
11%
11%
11%
11%
11
22%
22
39%
39%
39%
*105
109
105
109
18%
111%
110%
60
60%
31%
*66
18%
,58%
21
186%
68
92%
41%
37%
*110%
111
110%
110%
45%
46%
43%
18%
11%
11%
11%
110
68
90%
40%
41
109
110%
42%
98
44
23%
70
70
68
68
74%
74%
75
75%
11
95
22 %
98
23%
10%
95
99
23%
*38%
187
*90
110%
23%
39
30%
41%
98
*38%
;k.$-.34;e
58%
185
11%
47%
11%.
5
18%
57%
30%
45%
11%
43%
56"% Feb
110
91%
40%
3
4
39
*106%
*62
91%
22
Mar
9%
38
"68
68
92%
41%
54
2.1%
110
186%
*62
188
.
68%
42
Apr
36% Jan
43
21
31%
91%
103
10%
9%
59%
31%
18
Apr 23
Apr : 9
106
Apr 13
47% Apr 20
107
x63
74
*41%
18%
60%
31%
188
42% Apr
2
37
10%
9%
106%
41%
23
65
65%
74%
76
39
34
115
34
35
24%
*24%
39
Jun
24%
241%
43 %
Nov
27%
Dec
115
*107
115
108%
28%
108%
29%
Dec
121
29%
UO'A
Jan
291%
Dec
Apr
*156
—
53%
13%,
115
*107
29%
*156
53%
155
15%
43'A
102
19V8
19%
12%
Dec
14
*99%
;
10%
37
109
9
110%
37
43
20 %
59%
190
0 91%
;
10%
9%
'31%
31%
*186
*105
38
*41%
19
4
Jan
80%
38
44
Apr
104%
111%
39%
*42%,
4
49
118
26
4
42%
80
*103
73%
22
39%
39
44
41%
81
105
v
73%
10%
22%
Jan
10
17
Feb
142%
72%
10%
10
43%
11%
43%
41%
46% Apr
111
6%
140
74%
38%
22%
6%
45% Apr
,
39% Feb 26
46%
145
41%
22% Jan
103
56%
6%
6
22
37% Feb 26
105
46%
56%
6%
112%
*43
*103%
47
Jan
109% Apr
61%
56%
80%
38%
,22%
103%
46%
46%
110
59
Highest >
$ per share
36% Feb 26
106%
103
112%
36% Mai*
108
40%
105%
61%
81
11%
10%
10
39 %
'140
39%
10%
46%
43%
74
2,100.
109%
103%
103% 103%
75
45
112
39%
107
*56
145
42%
80%
81%
44%.
110%
6%
*140
44
82
113
10%
6%
Lowest
$ per share-
*106%
60%
56%
Range Since January 1
Shares
4,800
106'A
104%
47%
Sales for
the Week
44%
45%
38%
62%
47%
aer share
43%
112
110
107
*56
$
47%
40%
61%
6%
45
110%
*103
47%
43%
77
46%
139'/a
*106%
4 April 26
43%
106%
48
56%
103% 103%
: 75%
76%
83%
76%
6%
142
43%
46
62
47
42%
112
mo
105
*55%
43%
47%
.
Friday
April 25
45 Va
107
60%
*103
'
$ per share
*106%
41
107
62%
103
*55%
45%
111%
106%
62%
104 %
*103«: •:
43
48%
42%
Thursday
April34
$ per share
'
4
112
*110
111%
41%
*106% ,107
45
48
PRICES
Wednesday
;
'.43%
*106%
49 1
SALE
f.
$ per share
43
112
48%
111%
42%
42%
•
46
*106%
48%
.
•'
44%
.
46
112
48%
.43%
HIGH
Tuesday
Ap*il£3
Nov
104%
168
1691/2
*85
40%
*106%
1071%
82%
*821/2
84
189
189
189
188%
35
35
34%
70
70%
*137%
142
X891/2
142
142
371/4
37
37
39
39
38
*36
38
75
*36%
*73
49%
27
381/2
39
*36
93
140%
38%
38%
K
37%
39% Dec
68
140%
36%
37*
Dec
Nov
Aug
137%
92%
141
92 »A
189
33%
68
137%
91%
36%
NOV
Dec
35
103%
189
32%
75
75
*26%
*29%
xl40
134%
40
82%
*186
139
Dec
107%
82%
70y2
*137%
90
39y4
37 1
39
69
139
Dec
165
40
*106%
34%
86
86%
142
162
40%
107%
82%
69%
69%
*137% 139
;
165
40%
*106%
107
*82%
85
'♦189
191
35%
35%
.,
172
*40%
107
-
Dec
16%
14
12%
36%
*36
37%
*70
75
27%
28%
30%
29%
30
30
30%
49%
29
29%
48%
48%
48%
49%
'
24%
'
24%,
61%
62y4
31
31'%
*108
110
'
92%
93
28%
28%
50%
50%
9%
9%
20
20
42%,
42%
30%
31
■/; 8%
9
LOW AND
HIGH SALE PRICES
Saturday
Monday
April 20
Tuesday
April 22
April 23
$ per share
$ per share
Wednesday
April 24
f per share
Thursday
Friday
April 25
$ per share
April 26
$ per share
$ per share
STOCKS
NEW YORK STOCK
Sales for
the Week
Idaho Power Co
800
110
Illinois
6,000
*106% 107%
141% 141%
107
•106%
*140
142
141%
*176
121%
120%
20%
2PA
20%
10%
10%
*10%
49
*107
/: 51 y4
10%
16%
16%
220
95%
51 y4
108%
$ 10%
201
17%
48
220
95%
202
*107
i
106%
*175
21%
—
122
122
122
20%
11
*175
T,
122%
a
53%
108 ya
108%
10%
11
16
219
95%
201s
32 3/8
32 y4
97'A
9%
39%
40
0 52
143
52%
130
130%
19%
19%
19%.
11
11
.52%
52%
16%
225%
94%
200
15%
9%
*138%
51%
130%
14%
33
97
9%
*8%
40%
38%
*139
143
52%
50
130%
127%
225%
225% r
200
f
94%
14%
33
97
97%
37%
139%
138%
51%
48%
■
127b'2
123
93%
200
14%
*32%
97
8%
9
39%
.
97
■:
14%
33
17,200
97
9
16'/a Jan
28
*60
22%
112%
62
48%
48%
23%
U33/4
112
61
61
47
47
230
196%
26%
*200
229
*142
196'A
*153
196%,
25%
25
25%
26
25
25%
*143%
25%
26%
26%
47 %
47%
29
24%
'
*25%.
46%
*28
46%
45%
45%
*155
For footnotes see page 2312.
..
47,500
6,700
700
100
21,700
126
2,800
24
4,500
.
4%
2
50
Apr
Jan
18
144'A Jan 14
176% Apr 26
24
par
129V2Mar22
168% Mar
par
100
Feb 20
,17% Jan,
2
-20
1
No. par
100
No par
—No par
23?
A
preferred———:
International
5%
conv
100?
Paper
——+.100
Co—
.-15
preferred
.
—IDC
28%
46
*27%
45%
*155
46
47%
220
s
220
*142
62
47 %
220
196%
*142
47%
690
No par
-.—.--—.——100
International
—No
2,800
200
196%
:
24%
26%
41,100
25'/a
26%
26%
44%
:
25%
2,800
44%
43
46%
2,600
28
29
*46
48
27%.
47
*155
27 Va
47
.
—
,
,
*155
>/4
500
1,000
Silver—
—No par
—-50
10'/a Jan
•
15
7
45% Mar 14;
xl06% Apr 17'
/
9% Jan 14
l3y4Jan
3
123
Apr
22'% Feb
6
ll'/zJan 26
54% Jan 14
110
InternT Telep & Teleg.
Foreign share ctfs_~.
Interstate Dept Stores.
Intertype Corp
Island Creek Coal
n
5
10
Mar 13
29
Apr
2
95y4 Jan
30
referred
—No
par
,i-No par
—No par
—No par
——1
.+..II.
Sep
104V2 Jan
140
166
Feb
174
Jun
82
Jan
105
Dec
11% Mar
8%
Jan
37% Jan
109'/a
Oct
6% Mar
12Va
20% Feb
r
2
8% Mar
14%
Dec
Dec
lOO'/a Feb
.
2
April
15*% Apr 22
33% Apr 24
98% Jan
7
—
—
74% Mar
178 JA
Jan
2% Jan
17
75%
Jan
Jan
11% Feb
5
5V8
Jan
5
28%
Jan
39% Mar
Nov
104y4 Jan
16
427/a Feb
6
148
6
53J/4Aprl6
132% Apr 16
110% Mar 13
57
26
7% Marl3
Mar
19'A Dec
10% Dec
Feb
35V2Marl5
136
109% Mar
Dec
13% Feb
Feb
25 % Jan
6
29
116% Apr 26
62 y* Apr i8
+100
International
<t«
par
preferred——
—Z'i'M 7%
23
Salt——
International Shoe—
220
:
24%
„
47
28%
62
Inter Rys of Cent Am..
5% preferred—
800
112% 116%
—
103
No
i
Jan
4
107
100
—
—
7
International Mining Corp—*—1
Int Nickel of Canada
No par
Preferred
19%
—
Apr
Int Hydro-Elec Sys class A
/ International Min & Chem
;
Jan
Jan
Jan
Preferred
4
72'A
18%
—
44
225% Apr 24
22%
62
18
202
124%
22%
6
jV Apr 24
190% Jan
1,700
112%
62
46%
,46%
48%
*205
226
*205
*28%
22%
32% Apr
22% Jan
16
106
23 %
23%
115% 116
Jan
26 V4 Feb 25
r»lo A or 94
100
Interlake Iron—
Jan
47%
1
No
;
19%
14
17% Mar 13
par
Highest
$ per share
Jan
15
Jan
195
Jan 30
i86%Mari5
27,700
50%
37% Jan
29 Va
45JA Jan
85
700/\Int Business Machines new_JVopar
International Harvester—
No par
8%
49%
99'% Apr
26
430
38%
50%
8
Mar 15
I2y4Mar l4
6,800
8%
125
Jan
29
Mar 13
$ per share
No pur
-
:"4% % preferred—
Intercont'l Rubber
.
13,300
37%
139
No
Insuranshar^s Ctfs Inc
Interchemical Corp
6,500
8%
*138%
92
5
Inspiration Cons,Copper—
.
2,200
38%
138%
/
100
Inland Steel Co
50
226%
92%
200
14%
33
15%
33%
100
2,200
16%
>226
225%
preferred A
lngersoll-Rand_
•
6% preferred
3,100
10%
15%
201,
$4,50
1,500
44'AApr 23
1000
Co
Industria Electrica De Mex, S A
Industrial Rayon new
3,200
109%
10%
16%
93%
953A
200%
53
3108
10%
15%
19%
'11
52%
109
10%
97%
9%
122
*10%
109
32 y2
97%
176%
121%
20%
;
96%
*96%
176
123
141%
21
70y4 Apr
—
3,200
106%
140
10%
•
219
14%
46%
*106y4
—
122
123
18
46%
19%
201%
143/4
39%
*138%
*175'
.
109
11
16%
14%
y 32 y8
■
143
54
10%
*17%
10%
.11
53%
47
*106% 106%
141% 142
106%
143
20%
*10%
16 y4
•
*106%
142
17%
46%
48%
RR
38'A Jan
32
100
Indianapolis Power St Lt
Rights
41,200
ya
*ioey4
*175
121
is
Terminal
$ per share
Lowest
100
Leased lines 4%
RR See ctfs series A
310
13,800
48'A
20
Illinois Central RR Co
6% preferred series A
Highest
$ per share
1,000
17%
Year 1945
Lowest
Shares
13,900
48
Range for Previous
Range Since January 1
EXCHANGE
497/a Jan 30
226
Apr
15
31% Feb
2
31% Feb
Apr
.4
50
2
29% Apr ie
Apr 25
.47:
162
Apr
5
129
Feb
19J/a Jan
84% Jan
••>*?.
rJ;*■% •rYU*Vl*T ■:*
, v
** >t i£ 2
^ •.'# '«*'?:•
■;
TH^COMMEReiAIi^ FI^IjeiAp fllJR'
typical jl ^|^|l|u^bc#:448S
NEW YORK STOCK RECORD
Previa?#
Pear 11145
Range for
Saturday
f
Thursday
Monday
April 20
April 22
per qharc
19
4 per
Friday
# per share
share
Sales for
April 26
April 25
$ per share
162
144%
3 %%
4%
110
150
180
45
45%
136
31%
Johnson-
J*n
118% Aug
31
Jan
109
Sep
90
I Jan
27% J»n
79
Mar
91% Jan
■19.%. Jan
jl06
M,--$
Kalamazoo Stove ft Furn„
34%
35%
35%
120
.120.
25%
25%
57%
58
Kan City P & L
24%
58
Kansas
'•"
43
119
43
45%
24
22%
31
30%
Keisey
22%
B
Class
23
23%.
58
59
58%
Kennecott Copper—..—.
43%
43%
51
67
68%
66
*21
22
22%
*95%
97
Keystone Steel ft Wire'Co-—No
Kimberly-Clark 'Corp
—_No
Kinney (G R) Co_
$5 prior preferred--No
Koppers Qo InC——
4% % preferred-'-——.—I
Kresge (S S) Co-l———'
Kresge Dept Store?——
Kress (Q U) ft Go——
No
Kroger Co (The)—'
'.—-No
98
41%
43%
109% 109%
109%
40%
41%
43%
23%
24
25
42%
54%
56
57
__1
15% Feb
,
57%
Laclede
Gas
Light
Lambert Co
Lane
4% %
100
__i
par
•
44
Non-cum
$3
preferred
non-cum
50c
non-cum
—No par
'-No
Lehman
Corp (The)
Lehnft Fink Prod Corp
terner Stores Corp (new).
14
68
95%
96%
68
69
68
68%
67%
14%
14%
13%
14
13%
13%
13%
13%
36
68%
36
36
36
35%
35%
35%
95%
95%
35
96%
68%
68%
95%
95%
97%
96%
205
*203
65%
_
73 %
71
64%
64%
33%
32%
32%
32%
118%
33%
32%
34%
•
64 %
33'%
34%
32%
31%
32
Lion Oil Refining Co.
—1No
par
35%
Liquid Carbonic Corp
3 % % Preferred—
35%
36%
115%
35
116%
116 %
33%
34%
33%
33%
38%
81%
39%
81%
31%
31%
29%
Lorillard. (P) Co-
39%
81 %
81%
80%
31%
31 %
29%
29%
29
31%
29%
29%
29%
28%
29%
66%
66%
66%
194%
30
31
66%
*194%
29
LOW
Monday
share
$ per share
PRICES
Wednesday
April 24 -
21%
April 23
$ per share
$ per share
36
Lowenstein
21%
21%
Luken? Steel CO
Sales for
Friday
S per share
$ per share
.
42%
MacAndrews
ft
Forbes
530
23%
Mandel
41%
54%
53%
38 3/8
393/a
38%
39%
38%
39%
Martin
25
24%
23%
24
23%
24
73%
73%
713/4
24%
72%
72
72%
42
41
41
41
41
39>/2
39'%
39%
39%
343/8
34%
35%
?
54
34%
33%
34
34
34
34
206
*201
206
*201
*53 ~
115
115
*53
*115
53%
116 •'
110%
110%
110%
110%
133/4
141/4
13%
53
523/4
*115
llf
*52 3/4
*115
:
116
'
*41%
Bros
•'■'
72
Master Elec
34%
Mathieson
47
*115
■
14
"
523/4
116"
63%
*62%
1093/4
13%
*523/4
*115
110%
133/4
54
116
681/4
63
52%
108%
33
33%
<
3%7o
131
29%
29%
30%
30%
McGraw E.lec Co_
463/4
McGraw-Hill Pub Co
63%
51%
'
52
*32%
130
29%
29
i0R3/t
323/4
132
29%
30%
*106
107%
*105
108
*107%
108
*107%
107%
51%
51%
50
32%
31%
31%
94%
95
100
51%
*47
*48%
503/4
*104
31%
32
*127%
28%
28%
27%
*107
1063/4
28%
108
107
51
49%
49%
34%
32%
33
*48%
50
59%
59%'
112%
footnotes see page 2312.
59%
112%
*111%
112%
109% Jan
193/4
52
•
24
2
Mesta
Machine
Co
—
Metropolitan Edison 3.907<» pfd
48
24
-
.
; §ep
65% Pec
32% Pec
Sep
27
Dec
119
Dec
Jan
55
103
Jan
43
Feb
12% Mar
983A
31
94
25
35
'
-
Jan
Jan,
Jan
22% Mar 14
14% Mar
70
Feb 26
543/a
38
Jan
5
51% Feb 26
33% Mar
Jan
37
100
108% Jan 11
106% May
2
Jan
:
53% Deo
Jan
Feb
:
m
109% Nov ,;
16% peo
t
55
Oct
;
Apr
104
.
Nov
;
33% Pec
May
Jan
"
—No par
24% Jun
63% Deo
17 y8
IO31/2 Mar 13
Merch ft Mln Trans Co
Dec
109%
$6 preferred series A..
-No par
$5.50 pfd ser B w! w"———No par
Melville Shoe Corp——
—1
MengeV Cm IThe)lll-i-,—^.11
5% conv 1st preferred—
—50
'
42%
Ill
Ojc$
46% Deo
13 Va
No par
:
n% pec
IS3/* Jan
3
19% Feb 26
$fead Corp
39% Dec
7% Dec
Jan 17
116
-10
i
9
-Jan ID
J.06
Dec
Jan
Jan
Jan
30%
Apr
411/4 Jan
8
Oct
15% NOV
32%
14
1
23% Jan
McQuay-Norris Mfg.. Cp.
193/4 Jan
2
60
-18
preferred:
-
311/4 Mar 22
331/4 Mar
preferred —par
5 7o
Jan
'
525
414
Aug
27%. Jan
4
Jan
28
IdcLellan 'Stores" Qo—
129%
103
51%
$4
50
1
McKesson ft Robbins Inc
52
110% Nov
34
Nov
25% Dec
110
par
D.ec
Dec
72
195
•
par
par
Dec
May
39
155
Jan
34% July
104% Sep
8% Jan
40% Jan
No par
Mclntyre Porcupine Mines
64
51%
107
593/4
For
preferred—
40
45%
•
131
conv.
114
*39
22% Aug
176%
par
•
—_1
100
McCrory Stores Corp——:
*110
*.md
27% Jan
—1
McCall Ccrp—
39%
*52
par
May
65
Jan
9% Mar
Mar
40
!Wks——'-No pail
"preferred—
Department '' Stores-—
$3.-75 preferred-----i~^~--No
Maytag Co
—--12No
$3 preferred—
No
$$ 1st cum preferrbd——-.No
206
67%
*104
—1
-
38
42
47%
18'A Jan
Sep
.—No par
No
Apr
109*
21%
100
.-'
Mar
15 %
—No par
Co
Alkali
Jan
"7%
100
Co.
Jan
Jan
3%
5
:
preferred ———J
40%
14
24
par
5
prior pfd
(Glenn L)
Jun
'7% May
I
Corp
Mar
425
_1
—
Midland
Jan
Feb
16%
17
50
—1
No
Martin-Farry Cprp—
Masonite Corp—
393/4
118
106%
'
65%
110%
53J/4
53
71%
*39
4%%
I
114
66%
66
•39%
117
53%
*112%
114
65%
143/?
14
18
L:
Marshall Field ft Co—
54%
39%
110%
108% Jan
Manhattan Shirt S—
243/4
14%
100
;
—
Manati Sugar Qo.
14%
38%
111
20
Maiacaibo Oil Exploration.
53%
f per share
2
40%
25%
74%
14'/4
17
6
Apr 26
25
39%
*110%
36
65% Feb 26
29 % Jan
pfd scries A-
41%
*112%
67
32% Jan
72% Feb
44% Feb
No par
X22% Feb
533/4
-
195% Jan 30
28% Jan
j.._.10
4% %
*112%
67
81% Apr 23
32% Mar 22
31% Jan 18
5
Magma Copper^—:
Mahoning; Coal RR Co
54%
*201
10
14
11
27
Madison Square Garden..—No pat
116%
673/4
29
Apr
Feb
36
27%
54%
206
43% Jan
45% Jan
41
Apr
r;Highest
61 %
*112%
66
14
-No per
Co Inc—
Rights i
*201
13
147
Jan
47% Jan
31% Jan
Mack Trucks Inc-i
Market St Ry 6%
206
8
Feb
Jan
154"% Jan
10
100
,v.
Macy (R H)
Marine
*201
Lowest
preferred
72%
6%
: 206
Jan
66
35
88
;
3Q% Jan 14
$ per share
*21%
4'?
67% ! 67%
*11.0% 111
14%
14%
24
Range Since January 1
Share*
14%
23%
34%
28
119
3
111%
*495
15
*201
Jan
103 % Jan
23
•' 3
61 %
530
74%
31% Apr
33% Jan
64
Jan
25
Feb
- 26% Feb
186
Feb
: 28 _Jan
'26%
27%
*41
15% Apr 15
37% Jan 21
101
32'% Apr 20
*108%
62 V4
•
74% Jan 28
,
EXCHANGE
54%
53
110%
24%
9
26
27% Feb 26.
NEW YORK STOCK
6%
*71%
73
114
5
15
61% Apr 22
29% Apr
9
40 * Apr
5
17 Vh Jan
—No par
(M)'& Sons Inc
the Week
April 26
April 25
55
*112%
4
Apr
15% Apr
STOCKS
Thursday
423/8
55
64
.10
Lquisyille & Nashville—
*160
114-
Apr 22
28
15
138% Apt
50
_11
—-
Louisville Gas & El A
66
,
22% Mat
38% Jan
8% Jan
72% May
28
Aug
107
Aug
26
Mar
8'% Apr
35% July
37
Jan
5% Jan
3
25
26
27
* 3
61 % Mar 13
34% Apr 26
-10
100.
—
29%
---
17% Jan
115 % Apr 24
—No par
65%
HIGH SALE
Tuesday
April 22
April 20
$ per
1% preferred
.
•
l
-
34%
67
AND
—No var
100
29%
65% i 66%
18% «an
.,
50
62% Mar 15
11% Jan
3
-
Lone
198
#*194
198
28%
194%
30
20%
Saturday
.,
Star Cement Corp..
No par
Long Bell Lumber A—1—No par
28%
38%
81%
194%
■
*115%
39%
' 3
15
3
15
10
2o
-
par
30%
Jan
,
17% Jan 28
3
-47
Jan ;3
68% Mar 13
58
Jan ; 2
Link -Belt Co——-__11—-No
81
Nov
30%
65% Apr 11
Lily Tulip Cup Corp.
—No par
Lima Locomotive tyks—.LNo par
LocKneed Aircraft Corp
Loews Inc
:
105
139
■,;?
210% Mar 29
62
39%
13
194% Jan'! 4
69
39%
Feb 26
123
60%
29%
31
65
Noj
16
22
i.100,
——
——
69
81
196
Series B
Preferred
61%
39%
81%
30%
31
98
Apr
31
Mar 13
86
Mar 13
86% Mar 15
70%
38%
*194%
96%
Apr
62
14
Mar
.39% Jan
.
33%
116
31%
No par
31%
71
116
1-1 *
5.
—
Libbey Owens Ford Glass
No par
Libby McNeill ft Libby——
ll7
Life Savers Corp new"
r"'s '
Liggect .& Myers Tobacco23
204
*62%
65
par
60%
64%
34
34
35%
118%
118
*62%
96%
*201
204
.,
70
6.4%
*62%.
32%
97%
*201
205
71
65%
65%
72
*63
97%
96
97%
96%
205
205
*96
-50
;
—;
1st pfd2nd pfd—
5
60
7
4
' 12
Jan
4% Mar
v 49% Jan
35%.Apr
i3
Apr
49% Feb
26% Jan
' 30% Feb
No paf
-
.46%
9% Jan 24
2
65!
L60
Lehigh Valley Coal
J.40
102% Apr 22
82
Apr
9
•
123.
Lehigh Portland Cement—
Lehigh Valley RR__—
3
61 % Jan
8
43% Apr 26
26
Apr 12
58
Apr 25
61% Apr
4
Oeo
Dec
U6
18% Jan
35% Jan
*
Apr
110% Jan
7
Jan
-
6% Jan
43% Jan
37
Jan
4
par
50
-
•
7' '
;
44% Jan "3
par
No par
Preferred
33% Jan
14% Mar
.10
No
...T
26
'26
107% Feb *6
Lee Rubber & Tire—5 :
Lehigh Coal ft Navigation Co
10
1
86% Feb
,
10
Co
(The)
Bryant
26
•
'
Jan
■
--
Apr 22
Apr 26
18
23% Apr 10
97% Apr 25
43% Apr 22
70
137% Dec
: £ .'61 " Noj
22% Jan
51
3
34%, Feb
par
9
Jan
60
32% Jan
58% Mar 13'
-
58
57
30
3
Jan
48
par
par
,
26% Feb
4
34% Jan 29
2#% Feb 28
221 Mar 2
No par
.„
65
Jan
9
45% Apr 26
21% Feb 26
1
117
13
34
32% Jan 29
&ov
47
114% May
£1 '
Jan
20
3
122% Jan
Jan 10
•
24% Mar 13
54
Apr 15
35 " Feb -27
■
4%- non-cum preferred———100
Kaufman1 Dept Store's----'-——10
Kayser (Julius) & Co new!
—5
30%
35% Apr 2$
23% Feb 26
10
pf ser B_.4.-No par
City Southern.^.——No par
23%
;
101
5% pref series R conv——100
*119
Pe£
19% Nov
34% Jan
100
Chicago RR stamped
| pc
share
109% Aug
100
JOI: Mf$ .Co—
33
*35
# per
12%
-
Blf^
Lowest
Jones & Laughlln Steel—---No par
". $ % ■ pr ef series :• A——.^.—.—10$
105%
136
&
2nd preferred ser A_.
Joliet ft
104%
r,v..,y5
Range Since January 1
fowest■ JUghest V,
preferred ———;
Johnson
62%
109%
.
■
| perMare.:'7 | per share
147
61%
EXCHANGE
Jacobs /F L) Co-i——.-w-JL,
Jewe| Tea Co Ine
.
No par
4%% preferred-!.'
:.
*
J.0Q
Jqhns Manville Corp--..
No paf
53
110%
162
.
Share*
19%
53
110%
NEW YORK STOCK
the Week
30%
25
Dec
Dec
108 3/4
Oct
Oct
473/4
Dec
109%
29% NOV
87% Nov
45% May
56
Dec
111
Jun
•
.THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, April 29, 1946
NEW YORK STOCK RECORD
LOW
Saturday
April 20
AND
Tuesday
April 24
S per share
Sper share
$ per share
18
17%
18%
41
42;
40%
42
41%
57%
56%
57
*56%
164 %
,164%
164%
*81%
20
82
19%
20%
66%
67
*112%
^
43%
115
*114
114%
•115
1
78%
4,000
Minn St P & SS M A vtc
Minn-Honeywell
42%
15%
43%
67 %
66%
67
46%
47
*112%
115
*114%
115%
*1133%
43%
43%
153/4
15
125
122
43%
41%
43%
443/a
413%
40
42%
164
423%
42
15%
403%
41
42
403%
67%
66%
66 %
45%
453%
45%;, 45%
44y8
43%
44%
43%
163-.- -463—•-
1113/4
•111%
112%
*111%
112%
1113%
1113%
112
114%
*114%
114%
114%
114%
114%
114%
106% 106%
IO6V2
114% 114%
1063% 1063/4
106%
106 %
106%
106 %
106%
93%
923/4
93%
91%
27
27%
91%
26%
925%
28
27
25%
92%
26%
*57
60
*57
60
57
57
56
56%
513/4
*50
51%
31%
*30%
31%
30%
31
32
313%
60 s/8
58%
32
*59
313%
60%
16 3/4
60%
17%
•1063/4
16%
108
*107
*50
17
108%
*52%
53%
53
453/4
453/8
453/8
112%
*112%
112%
16%
*107
112
1063%
95%
26%
16,500
3,500
*54%
56%
300
51'/*
49%
50%
30'%
29%
30
32
31%
32
31
31%
30%
31
60
57
57%
*57
58%
573/4
59%
163/4
16%
4,100
*1063%
108%
16%
165/s
*107
16%
16%
108%
107
18%
183/4
18%
200 '••'
1,100
16%
107
27%
45%
45%
*112% 112%
27
27%
26%
27
*26%
45%
45%
441
45
443%
50
112%
112%
112 1
112%
*111
27
2,400
443%
1,200
112
17%
18%
173%
18%
17%
173%
173%
*53
55
533%
53%
53%
52%
52%
*52
*64
66
52%
800
66
66
65
65
66
*65
66
200
22%
22%
22%
*64
66
*643%
22%
22%
22%
21%
21%
21%
44
44
433/4
433/4
441/4
44%
43%
44
36%
36%
36%
353/4
36%
36i/4
36%
36
36
26%
44
25%
26
253/a
26
26
27%
25%
26%
T. 44
36
26
22
21%
*44
20%
19%
20%
19%
20%
19%
20'/a
19%
24%
24%
243/4
24%
243/4
243/4
25
24%
24%
•33%
34%
35%.
33%
36
35%
'206
*200
32%
32%
19%
41%
20
35%
21%
21%
45
•.
*31
33
33%
36
205
33
355/8
*200
*31
313/4
33%
36
36 1
205
*200
33%
32
36 3/8
35%
203
*200
31%
32%
32%
*31%
19%
18%
18%
18%
18%
41%
49%
19%
413/4
42
41%
413/4
40%
41
40
35%
,44%
19%
;:■! 34%
35%
34
343/4
34%
34%
33
-i 21%
213/4
21%
21%
21
213/4
203/4
44%
45%
44%
443/4
44%
44%
493/4
50
495/8
51
49%
51
49%
12
72%
70%
*57
59
.30%
30%
i 30%
107%
IO71/2
•106
i 39
*58
39%
72%
107%
38%
203
171
171
30
31
30%
*171
70
4,000
19%
12,800
24%
2,000
31%
35%
35%
203
200
32
*31%
18%
313/4
32
300
19%
40%
18%
39%
40%
33
33%
21%
213/s
6,100
44%
43%
43%
12,500
50%
54%
54
55
15,200
69%
72%
71%
73%
58%
58
58
56%
56%
55
55
29%
30%
29
29%
28%
293/8
v
107%
37%
107
381/4
38
*201
203
202%
172
172
173
174
31%
30%
*106
107
383/8
>
373/4
107%*
38
203
*202
173
172
*106
172
400
*203
20
8,100
204
171%
410
171%
640
30%
29
30%
29
29%
29%
29%
35
8,100
34%
35
33%
34%
33
33%
31
33
31%
32
62
62
4,100
61
61%
61
61
62%
62%
61
613/s
61%
61%
10%
1,800
10%
10%
10%
10%
10%
101/4
10%
10%
10%
103/s
87
11%
87
84,200
86%
86%
85
86
86%
87%
86%
87%
87
87%
2,900
*34%
'•
>
.v
35%
35%
36
36%
36%
37%
37
37%
375/a
38
37%
37 5/a
23%
23 s/8
24%
23%
23%
23%
24%
23
24%
24
243/4
29
33,800
*28 3/4
29%
*28%
29%
29
29
28%
28%
29
29%
104%. 105
1,100
105%
105%
105%
105%
105%
105%
105%
105%
38
38%
38
38
37%
38
37%
38%
37
37%
21
3,800
20%
20 3A
20
20%
19%
20
19%
37%
19%
37
20 3/4
19%
19%
13%
8,500
131/a
13
13%
13
13
123/4
13
12%
12%
123/4
12%
2,000
LOW AND
Monday
April 22
Tuesday
April 23
Wednesday
April 20
$ per share
$ per share
$ per share
29
28%
28%
*29
29%
29
29%
*66
68
*66
67
66%
67
*106
108
*106
108
*106%
108
37%
38
38%
108
38%
38%
38%
April 24
68
*106%
37
25
par
10
40
100
10
$ per share
28%
72
*106%
37
29
77
*71
108
75
*106%
37
*108
Corp
43A%
27%
*63%
66
*250
325
*110%
*63%
66
69
69
325
*250
325
110%
*108'%
110%
108%
25%
26%
253%
24%
49%
48
48
285
287%
127%
127%
127%
393/4
14%
36%
14%
120
30%
34
*250
287
38'/8
315%
325
*250
26%
*47%
65%
31
33
110%
111
253/8
65
32
14
38
120
30%
110%
*47%
111
48%
*48
25
284
281
*125%
36
279
48%
282%
127%
127%
127%
36%
35%
363%
*64%
*250
125
125
31%
34%
133/4
*115
31
295%
111%
14
120
111
30%
111
13%
*115
29%
111
13%
120
30
111%
47%
48
47%
47%
473/4
48%
48
50
47 ya
473/4
47%
50
493/4
50
2
3
107%
23%
24%
48
34%
24%
48%
*126%
N
110
37%
13%
13%
*115
116%
10
28%
293/8
28%
293%
16,800
*111
48%
13%
36
Nov
Dec
Dec
14
12% Jan 24
Jan
143/4 Nov
26
91% Feb
Apr
853/4 NOV
25
38
13
Mar 28
25
Jan
18
32
Jan
29
112
48
493%
111
111
49
49%
48 5%
130
4,600
Ry
non-cum
9Va
Jan
Jan
Jan
11
173/a
Jan
110% Apr
Feb
7
45
Apr
*110%
111%
*110%
110%
110%
300
25 %
26%
32%
25%
25%
26%
21,500
32'/a
311/2
32
*116%
118%
116%
14%
1173/4
1173/4
1173/4
*1171/2
118
117%
220
15
14%
14%
14%
14%
14%
15%
118
5,200
118
118 %
118%
1183/4
118%
*118%
290
95
27% Feb
112% Mar
5,200
Otis Elevator—l/o pat
32% Feb
31%
400
footnotes
95
see
95%
page 2312,-:
93%
94%
94
94J/2
94%
31%
*108
93%
6%
.
110
94
50
4, 200
preferred
Outboard
Marine
———100
Owens-Illinois
Glass
Co
166
2.50
91
12.50
75
Jan
Dec
7
Xll9% Jan
14
106%
Jan
179
2
Apr
17
11% Jan
107
155
Jan
Jan
119
Nov
18%
Dec
Xll8%
Dec
34% Nov.
36% Dec
168
Dec
Jan
28
par
& Mfg
Outlet Co.-'--'—'-£^.----1/0
Dec
34%
Jan
37%
•176
23%
Jan
23 y2
37
33
Aug
2
10
37»/4
__
Jan
16 ya
24%
39% Feb
Oppenheim Collins
37
1093/4
107%
17
15
25
2,800
37%
Oct
19
27
Apr
343/4 Jan
112
Jan
371/4
112
Jan
26
13%
37%
*31%
Dec
213/4 Dec
17
37
*108
Nov
15
/ Apr
37%
*176
57
Jan
48
37%
Dec
116% Mar
Jan
26
27% Feb
Dec
Apr
18
44
32
6%
12%
38%
Dec
Dec
46
11
46
1093/4
94a/4
4
5
15%
Dec
Feb
45
*31%
3
31%
112
63%
17% Jan
461/2
*108
55 % Jan
19% Apr
243/8 Apr
July
120
46
*176
1
7
26
Oct
263/4 Mar
2
47%
33
110
11
Jan
25
45%
109
19%
14% Apr
Jan
115
47%
108
m
56 Va Jan
110% Apr 26
19% Feb 26
47
95
For
Feb
118%
44
*31%
114% Mar 13
9
45
50%
126% NOV
105%
36
24 Va Mar
258% Nov
26
28% Mar 13
Jun
Jan
116% Apr
32%
*176
Jan
5
118
148
Aug
3
26
263/a
33
37%
219
Jan
29% Feb
111
112
108
143/4 Aug
12 3/4 Apr
3
11
32 %
*32
19
Jan
102%
Jan
288 Va Apr
5
128% Apr 10
393/4 Apr 20
16% Feb 16
Jan
Jan
25%
*107%
18
53
Mar 13
45
246
26ai
*176
28% Feb
2
121
,
Oct
Oct
32%
No par
convertible preferred-—100
Jun
Dec
19 % Jan
32%
Oliver Corp.
Dec
75 y4
Nov
26%
Omnibus Corp (The)———6
8% conv preferred A*—100
35%
65
113% Mar 18
xl07% Jan 14
1
100
Jan
Jan
110
19
No par
58%
410
24
Feb
pfd
Dec
Mar
Sep
Apr
325
32%
4.40%
27%
Mar
69
19
24% Feb 27
10
Ohio Oil Co
Dec
xlG'/a Aug
Mar
24
7
Feb
50
Dec
38%
41
Apr
Jan
Telegraph—'—"
47%
Jan
162
34
57
-No par
Aug
18%
Nov
26%
33
Apr 26
343A Apr
5
325
5
100
pfd—.—100
32
106
29
111 Va
108
Apr 20
39% Apr 18
39% Nov
30%
33
50
Jan
26%
*107%
111% Jan 30
Jan
18
37%
Dec
17
13% Jan
37%
61%
108 V» Mar
28%
Norwich Pharmacal Co—£.—2.50
Co
Apr 25
103%
Norwalk Tire & Rubber.'——No par
*176
28% Dec
16
5,800
-
Highest
$ per share
29
2,300
48
share
153/4 Mar
Jan
17
4% %
$ per
37% Feb
22%
Northwestern
72
8
16%
11,400
32% Jan 30
20
21%
32
Nov
134
Feb
17
313/s
14~%
32
22
117
10% Jan
Year 1945
—80
Airlines
Edison
Dec
Lowest
No par
—50
Northern Pacific Ry
-100
Northern States Pow $5 pfd-No par
Ohio
Dec
29%
21%
17
26
107%
Jan
10%
17
21%
111%
Dec
16
17%
890
33% Mar
Jan
225%
49%
24% Dec
59
lV/o
48%
Jan
Mar 13
303A Apr
Northern Central Ry Co
Northwest
36
15
Mar 13
21%
47
2
22% Aug
263/4 July
102% Nov
45
17%
15%
25
65
18
23
118
15
7'%
69% Jan
353A jan
22 5/«
15
Apr
11
$ per share
26
17%
*1173/4
Jan
106 '% Mar
3
Feb
49
15%
Nov
59
18%
118
Dec
167
25
22%
117
199%
Sep
35
50
15
Sep
152
Jan
18%
117
177
10
Jan
22%
*117%
Mar 19
Apr
16% Jan
4
120
North American Aviation
'
Dec
Jun
37'/2 Dec
33
9
100
North American Co
10,000
116%
35%
Western
Adjust 4%
27,400
13%
116%
&
108
21
Apr
26
Light 3.90% pfd—100
Y SMpbldg Corp part stk
1
Norfolk
,
Jan
204
13
24% Jan
Noblitt-Sparks Industries—
200
1,010
128
24
173
26
44
N Y Power &
5,400
xl01% Aug
Dec
31% Apr 22
41% Feb
4
111%
'■<
26 Va
76
68
18%
*110
54% Nov
Jan
Nov
14
21%
111
Jan
13
673/4 Jan 29
30% Apr 23
108% Jan 24
40% Apr 17
Jan
26
I8I/2
111
37
14
21%
<
Dec
84% Jan
104
No par
No par
Dock
$5 non-cum preferred
80
Dec
20'/a Dec
NOV
9
Feb
100
Central
preferred series A
Omnibus Corp
York
Dec
30
40% Dec
Feb
Mar 14
54
N Y & Harlem RR Co
281%
*46%
279
128
300
*
109
23
282
500
69 %
300
*106%
48
280
*126%
34%
*65
250
6%
New
Dec
195
Jan
38
26
29
No par
No par
N Y City
2,700
x34%
Oct
20%:
20'% July
353/a Jan
Apr
40% Feb 26
__
N Y Chic & St. Louis Co
1,500
31%
*32%
69'/a
325
107%
126
31%
23% Mar
181%
24% Jan
55
110% Jan 17
"
14%
*115
31 %
25
108%
30%
*33
Dec
105% Jan
800
31%
30
Jan
107
1
76,100
127
*315/8
30
32%
Dec
513%
125
127
31%
Dec
19% Nov
Jan
Nov
26%
126
*29%
Nov
19%
2
7
9% Mar
13%
41%
Nov
26%
*125
31%
295/8
66% Nov
110
New York Air Brake
126
31%
29%
Dec
Jan
109
1,100
126
128
315/8
Dec
53
Oct
4%%
New York
Jan
21%
52
106
5,400
*49
115
8
59%
513%
Jun
Jan
13
48% Nov
37
593/4
27
109%
Dec
Dec
59
26%
Dec
43
Feb
59
*49
18%
109 % Nov
Jan
61
52
Jan
Jan
35
59
21%
22
30
62
26%
9%
97% Mar
103
29
52
473A Dec
Jan
6
283/4
543%
Oct
31%
17
29%
273%
32%
40% Jan
109% Jan
28%
273%
Dec
23% Mar
108% Apr
29%
533/4
Dec
333A
41
4
29
54
Dec
54
21% Jan
4
30%
28%
Mar
61.;
32% Dec
7
263A jan
preferred
100
Newport News Ship St Dry Dock—1
*51
Dec
53% Dec
24% Dec
8
106
54%
Jun
76
Jan
105%
283/4
113
Dec
21
Feb
105%
283/e
106% July
47% Jan
4—
32
*104%
54
Apr
53% Jan
105%
*61
Jun
119
106
*1043/4
62 3A
116
41 Va
Jan
$ per share
—I
Newport Industries.
623/4
Sep
July
serial preferred—100
conv
3,400
64
111
113
13
Jan
101% Jan 24
No par
:
4,100
63%
'Dec
12% Mar
Range Since January 1
Lowest
Highest
36%
29%
Dec
117
18
2
48
195
36
Jan
29
Apr 16
45»%Apr 22
Feb
36%
30'A
22
15
48
105
35% Apr
4
12% Mar 15
363/4
111%
Dec
Jan
13% Jan
31%' Apr
pat
48
*110
34%
25%
79%
17
13
36%
111%
Nov
20
47%
105
34% Apr
36% Apr 13
205% Apr
3
32% Apr 16
Apr
49
20
49% Jun
52 % Deri
Jan
26
37% Dec
38% Apr
375/8
111%
109%
Jan
36
56
21
363/4
*107%
*110
1,200
Jun
16'% Mar
26 "A Jan 19
16y4Marl5
481/a
109
38
16%
Range for Previous
Neisner Bros Inc
600
108
37
109
Nehl
Dec
Jan
2
1
Par
1,900
Dec
37
253/4 Dec
45% Jan
STOCK
Shares
29
16%
13% Dec
124
.
Jan
Jan
EXCHANGE
the Week
$ per share
283/4
NEW YORK
Sales for
Friday
April 26
April 25
Deo
Jan
STOCKS
Thursday
Mar
Jan
Feb 25
Feb 26
Feb
Mar
Feb
Mar
Feb
Feb
Mar
114
112
15%
5
22%
30%
513/4
9%
80ya
29%
19%
27%
par
49
30
110%
1
7 Oct
20'/a
20 s/a Apr 17
283/4 Jan 29
323/4 Jan
3
195% Jan 12
165
Jan
8
4
Dec
May
108
35%
48
par
115%
109
108% Aug
34% Jan
Feb 20
Feb 20
Mar
Oct
5
213/4 Feb
105
Dec
58%
16
24% Jan
No par
10
—100
—100
.
•
Oct
26%
13
Aug
42% Mar
Mar
Feb
17%
34%
373A
65
—1
37%
105%
16
2
30
15
22
37
24
No par
36%
105%
66
Apr
Jan
Jan
Feb
Apr
17% Mar 13
No par
1
1
No par
No par
No par
48
105%
30%
*115
10
38%
*110
45%
114 '%
22
55%
Mar 21
Feb
2
Mar 4
Jan
3
Jan 18
303/4 Feb 26
193
27
No par
50
*107%
111%
3
15
38
109
*110
30%
283
37
Feb 26
39
49%
*107%
111%
383/4
*125%
70
108
61
Apr 11
20
Feb 16
109% Feb
6
55
Apr 17
27% Apr 24
52% Jan
39
108
*110
49%
127
29%
15
25% Jan
50
*107%
111%
105%
250
Jan
34'A Jan 16
33% Feb
6
43% Apr 25
No par
Newberry Co (J J) New
3 % % preferred—100
New Jersey Pr & Lt Co 4% pfd-100
Newmont Mining Corp—-—*—10
1C8
*110
1043/4
preferred
HIGH SALE PRICES
Saturday
$ per share
1043/4
Jan 29
203A Feb 26
1
National Linen Service Corp
Nat Mall & Sc'l Cast Co
No
National Oil Products Co
National Power & Lt—.
No
National Steel Corp
National Sugar Ref Co
_No
National Supply (The) Pa
$2 conv preferred—*
4%% preferred
National Tea Co
Nat Vulcanized Fibre Co
Natomas Co_
No
4,600
24%
29
v
32% Jan
3
24
Apr 15
163/4 Jan
3
223/4 Mar 14
26
Feb 26
5
4
10
100
Corp
Nat Cash Register
National Container
National Cylinder Gas Co
Nat Dairy Products
National Dept Stores
Nat Distillers Products—
Nat Enam & Stamoing
National Gypsum Co
$4.50 conv preferred
National Lead Co
7% preferred A
6% preferred B
29,200
38%
Aviation
75
5%
1
1
8
Mar
Jan
100
Louis
& St.
National Can Corp
11,100
107%
37%
.
204
Chatt
Nat Bond & Share Corp
4,200
20%
1%
3,900
2,800
33%
No par
National Battery Co
National Biscuit Co
100
30%
*109
National
14,100
423/4
70%
Nashville
36%
1093/4
163/4
50
61
53
Jan
56
Feb 26
Jan
160
Mar
Apr
9
Jan
8
Feb 26
Feb 21
Apr 10
Apr
3
Dec
Jan
22%
18
Deo
63%
137
"7%
62
Jan 25
36
Jan
109%
6%
116
116
111%
97%
30%
3
143/4 Nov
Jan
35
Mar 25
-
26% Apr 23
1
100
1C
50
National Acme Co
National Airlines
Nat Automotive Fibres Ino
600
353/4
200
30%
393/8
201%
203
71%
253/4
*56%
30%
2011/a
-
69%
60
32
4,000
25%
3
No par
No par
5
Nash-Kelvlnator Corp
210
38%
44
16%
105%
38%
1
7%
Highest
$ per share
253A Aug
Apr 23
169% Apr
2
7
473A Mar 4
25% Feb 26
283/a Feb 26
No par
5
New
Jan
22
-No par
-
19,800
443/4
193/4
24%
1
20
24%
*200
213/4
363/4
20
«
17%
(John) & Co
Motor Products Corp
Motor Wheel Corp
Jan
54% Jan
50
Murphy CO (G C) new
43a% preferred
Murray Corp of America
4% preferred
Myers (F E) & Bro
6,700
53%
pfd
cum
Morrell
'
50
18%
55
$2.50
Mueller Brass Co
Mullins Mfg Co class B
$7 preferred—
Munsingwear Inc
300
*53
•
„
Mar 13
112
Jan 29
106
Mar 1
72% Jan 13
No par
Moore-McCormack Lines Inc
10
1,300
•'!
No par
Montgomery Ward & Co
2,300
26%
*112i/a
No par
580
91
25%
preferred ser A
Jan 16
Feb
8
$ per share
173A Jan 24
52
Jan 23
70
Apr
8
49
Apr
9
45
Apr 22
3
3
5% Apr
9
111% Mar 11
_
$4 preferred series C
1063%
89
90
116
No par
30
108%
10
Preferred series B
Jan
Jan
x45
No par
$4.50
•50
'
20
2.50
160
49%
163/a
129
43%
Apr 26
Apr
38% Feb 25
Feb 27
29% Jan
2
32% Jan
2
-100
180
54
*45
51%
Rights
136,200
115
127/8 Mar 13
No par
—Monsanto Chemical CO
5%
114%
•
437%
161'/a- 163---
10
4,200
41%
*66%
42
11%
119
29%
No par
Mo-Kan-Texas RR
6,200 7 V* 7% preferred series A—
1,100 ; Mohawk Carpet Mills
2,200
Mojud Hosiery Co Inc
4,700
Monarch Mach Tool
46
*27%
No par
1
.
7,300
68
rOVa
Min & Mfg—
Minn Moline Power Impl
$6.50 preferred
Mission Corp
Jan 16
Apr
5
9
116
115
109% Mar 19
40a%
13%
62% Jan
9
165
Mar 14
93
Feb
9
26% Mar 18
68'A Apr 5
Mar 12
Feb
4
110
100
series
40%
13
109
100
D
preferred
Minn
100
43%
5%
pfd series B
conv
4% % preferred series 0
13,100
66 3%
45
3
100
Apr 20
42
Feb 26
156 % Jan 24
70
Jan
2
18% Apr 24
51'A Feb 25
4%
v
2,600
15
125
13
lll3/4
32
42%
15
~
r5"%"
90
—
*119
125
4%
___
—
127/s
165%
""
5%~:
114
45
463%
4434
45
166
*114'/a
14 7/8
13%
46
*114%
115%
*119
42%
13%
*107
1143%
;
42%
15%
122
133/B
13%
114
114 S/8
*1133%
__
115%
42% 0:43
*66%
663/4
13%
*111
115
183/4 Feb 16
26
50
No par
Regulator
$ per share
3
31% Feb
Minneapolis & St Louis Ry_-.No par
2,400
115
123/8 Jan
100
193%
45%
31%
400
1st preferred
cum
673%
45%
*50
78%
8%
_S
10
No par
193%
13%
92%
200
Steel
67%
67%
;
Products
Copper
193/8
131/2
r5%
Petroleum
Midland
67%
44
5%
Mid-Continent
700
183%
115
163/s
•/
'
78
Miami
7,300
67%
13%
44
78
9,700
Lowest
/ Highest
Lowest
t per share
Fdf
16%
Year 1945
Range Since January 1
"7 T
$
I
•,
41-V
55%
162%
160
V*"
„
68'%
*112%
43%
163%
81%
164
,
19%
;|4i%
43%
163%
7Shares
67%
42
165
163
16%
^
EXCHANGE/
183%
43
-
*54%
■
Range for Previous
: STOCKS
NEW YORK STOCK
.
19%
41%
-5'%-'
39%
55%
17%
,
673%
*120
40%
40%
*75
125
163%
163%
39%
55%
81%
44
'•
153%
413%
57
16%
163
*120%
40%
tper share
40
163%
*1133/4
15%
tpeYshare
Sales for
the Week
19%
115%
43
125
Friday
April fed
:
AprII 20
*67%
.
♦113%
43%
•119
Thursday
«
56%
81%
67%
115
18*
413/4
57
163%
82
20%
66%
17%
164%
83
*112%
114%
"T:;;
Wednesday
April 23
17%
ya
FRICES
Monday
April 22
"
'
t per sharo
♦57
SALE
HIGH
*
2
34
Jan
25
22 y8
tfSil
32% NOV
Jan
30
109
Apr
23
74.
Jan
95
Jan
7
100
Apr
5
58
Jan
-
Dec
.Volume 165
CHRONICLE
THE COMMERCIAL & FINANCIAL
dumber. 4485
1
.'•!?;
r- y
U«.fyn*t-
*,»
'.n.-,
,• •■;. ■•;
*.?:
.ft
>;.l>
NEW YORK STOCK RECORD
*
Monday
April 20
ft April 22
S per share
.j
v
••
April24
.April25
April 20
t per share
April23.
t pershare
t per thaw*
,
# pershare
tper share
ftftFYMay/;
.Wednesday■ • Thursday
:.Ttte«day
:
Range for Previous
STOCKS
HIGH SALE PRICES
AND
LOW
Saturday
STOCK
NEW YORK
Sales for
the Week
Lowest
; I per
Shares
*21%
82
:
t.
45
,43
ft
'44%,:
ft
45%
62%
47%
*149
149%
9%
8%
33%
21%
' 'l ''
21%
22
20%
*20
20
55%
55%
*110 J/4
110%
*110%
*87
73
55%
110%
*110%
ill
12%
11%
12%
89
90
■
-
*85
,ft
6% ft 6%-
-ft
73
1481%
179
X72%
75 %
73%
74%
6%.
6%
Jan
28,300
X60%
Oct
Dec
1
Jan
175
Jun
'Mar
V 10
Aug
160%
11% Feb
16
-.6
22
16% Jan
9% Apr 26
12% Feb
5
A%
5%
>32%
Deo
12
Deo
29
Dec
20
Jan
17
_fl
20 3/4
Apr
9
75%
6,600
Park
&
6%
36.900
Park
Utah
441/4
5.300
Parke
31%
31%
1,700
10 >
14% Jan
Mar 13
——.——.100
108% Jan
52 % Jan
Parker Rust Proof
10
Dec
X39% Nov
111
58
Oct
14%
Dec
X80%
Dec
43% Mar
.!
•
25
109% Jan 23
81% Apr 24
10
1
Jan
1063% Oct
110
July
27% Mar
57%
323% Jan
73%
Deo
2% Jan
5%
Dec
Dec
Feb
X75% Apr
24
4% Jan
73/8 Jan
29
35% Jan
•45% Apr
22
29% Feb
39% NOV
Feb
16
21% Jan
6 3% Mar
30
Deo
17%
Deo
57
——1
Mines—1
No par
Davis & Co
Apr
106% Sep
90 % Apr
26
Consolidated
Jan
29%
22
110% Feb
8
56%'Apr
75% Feb
Tilford Inc..
13%
'
—1
—No par
Pictures Inc
16% Mar
10
100
preferred
conv
Paramount
Jan
4
Cos Inc
Parafflne
27
108% Jan
Panhandle Prod. & Ref.
600
20 % Mar 13
2%
Corp
45%
45%
45"%
44%
45%
44%
44%
43%
44 %..
30%
30%
30%
30%
30%
30%
30%:
30%
30%
30%
17
17%
17%
16%
17%
16%
17%
16%
17
16%
17%
4.200
21%
21
21%
20%
21%
20%
20 %
20%
20%
20%
20%
4,100
Co—..—-—2.50
Par melee Transportation
No par
Patlno Mines & Enterprises
10
75%
75
75
400
Fenlck & Ford.—.——.No par
67
Jan
4
Penney (J C) Co new
Penn-Central Airlines
No par
Corp.—.—1
Corp——10
Penn-Dixie Cement Co new--——J?
51
Feb
25
26
453/4 Jan
13% Jan
>
,
573/4 Feb
36% Feb
Penn Coal: & Coke
'
•
I?
;
21%
•ft-
;;
*74%
76%
74i/2
74%
55%
55%
55%
55%
55
55%
54%
55%
523/4
54%.
36%
37%
36%
37
36%
37%
37%
38%
37
373/4
15%
15%
15
19»
14%
14%
14%
14%
*14
29%
29%
29
29%
28%
28%
28%
28%
35
31
31
*32
32
31
32
*30%
*113
*112%
*112%
*112%
27%
267/e
27%
26%
27%
26%
42%
43%
42%
43
42%
46
46%
46%
44%
44%
*34
112%
36
34%
34%
35
37%
36%
28 V2
28%
*126%
101%
" 102%
ft
43
127
1C2
ft -102
43
*42%
101%
43
43
126% 127
*106%
109
*106%
109
14
13%
14
12%
26%
7,000
42%
20,800
45%
46%
2.300
*55
56
200
112
113
2,700
35%
32
34
300
33
33%
33%
34
29.500
27
27
26%
26%
■V
127
55
101
y
109
13
13%
y
600
108
13%
13%
13%
13
13%
14%
14%
57%
43%
58
57%
56
57
55%
56%
54%
55
54%
57%
3,300
44%
43%
44%
43%
44%
43%
44%
42%
43%
42%
43%
21.600
71
71
71%
71%
71
71%
71
71
70
71
*113%
114
*113%
29%
30
29%'
13%
16%
17
16%'
35%
36
35%
49%-
35
35%
*102 '/a
104
103%
103%
103%
103%
33%
32%
33%
*32%
37%
*35
68%
35
108%
68%
68%
33
*107%
103%
*101%
108%
*107%
108%
13%
12%
13%
*100 %
101
101
102
24
24%
24
24%
23%
24
27%
27%
27
27%
*26%
V
210
44
43%
44
43%
11%
11%
17%
11%
16%
11%
16%
210
17
*115
140
*115
*127
V
68%
*33
44%
11%
16%
11%
17%
140
*110
140
103%
*102
1291%
*127
68 %
33
*107%
108%
129 %
300
34'
>
323/s
33%
*107%
108%
64%
33%
34%
*107%
100
80
23%
23%
22%
23 %
22%
23
5,040
26
26%
25%
25%
27
27%
1,100
*208
44
17
140
84%
83%
*85%
8 61/2
*25%
27
*198%
*29%
83
26
24%
30%
25%
39
30%
25%
24%
*29
3,000
30
200
30%
26%
26
31
26%
30
26%
25%
26
38
38
38
38
37%
37%
*37%
22%
22%
21%
22
*21%
22%
22%
22%
22%
22%
213/4
22%
1.200
25%
25%
24%
25%
24%
24%
23%
24%
23%
24V4
23%
24 Va
11.400
*59%
31%
*30%
25%
*59%
63
*59 %
60
61%
59%
67%
68
67 %
68
67
67%
X661/4
38%
37%
38%
37%
38
38
29%
30%
29%
111%
112
112
137%
138
146%
147%
147%
147%
115% 115%
116%
116%
28
112%
112%
*113
35%
36%
35%
137%
64%
66
27%
28%
*109
115
-
35%
36
138
66
28%
113%
37
138%
27%
*109
36%
OW AND HIGH SALE
'
$ per
share
Creek
1463/B
146%
690
1163/s
116%
150
26%
*110
273/s
26%
35%
35
36%
273/4
7,200
26.400
100
113
*110
112
353/4
65
64
64%.
4,400
April 24
8 per share
S per share ; f ;
t per share
Friday
April 26
f per share
;74
Sep
113
143/8
Jan
Apr
34% Deo
8
127% Jan
29
68% Apr
23
Jan
II
/ 11
Jan
69%
35
35% Jan 15
25
Jan
37% Nov
7
105
Sep
108%
Feb
6
118% Aug
8% Mar
126
113/4
Dec
106
Dec
Jan
10
Feb
25
Mar
100
56% July
1073/4 Sep
36 ft Jan
Feb 27
134
>
Nov
41
15% Feb
2
8
Feb
16
106
1
Apr
,
253/4 Jan 28
23% Jan
30
111
Mar
44%
85%
124
Jan
Jan
203/4 Dec
Deo
Dec
Dec
Sep
Jan
10
'
n-
Mar 13.;
14%
123
26
210
14
Feb
203
40
3
Feb
8
23% NOV
253/4 Dec
153/4 Jan
Mar 29
190
/ Jan
15
39%
6%
4%%
preferred
Jan
14
Dec
IS3/*
Dec
3
7
141
-Feb
27
99
Mar
117%
3
Feb
18
49 % Mar
693/4
Jun
91% Jan
30
91
Jun
343/4 Jan
18
65% Jan
83
25% Apr
15
68 K
Feb
21
Jan
198
Mar 25
Jim
198
Jun
f
12%
Jan
22
Dec
273/4
Dec
30% Deo
,,
433/4 Jun
Jan
27%
Dec
24% Jan
33%
Dec
No par
1
7
12%
Jan
25%
Dec
16%
Jan
26%
Dec
55
Mar
66%
Nov
17
Jan
4
26
57% Mar 15
50
Feb
62
26
33% Feb 19
20
Feb
16
63% Feb
18
70 ;
Jan
17
39% Feb
4
22
10
102%
Feb
1153/4
2
106%
Jan
126
Dec
110
Jan
138
Nov
30
109
Feb
3
9
30% Apr
1153/4 Jan
120
Feb
7
126
132
Jan
3
138 3/4 Mar 28
143% Jan
7
23 Va Jan
No par
No par
100
100
—100
preferred
preferred—
Feb
23
No par
$5 preferred
6% preferred
Jan
27% Nov
Dec
Jan
17
121%
Jan
No par
114% Jan 23
117% Feb
15
1123/4
Oct
Pullman Inc
No par
58% Mar 14
69% Jan
15
47% Jan
65%
Oct
Pure Oil
.
*
Oct
93
27% Feb
Pub Serv Corp of N J
7%
12 a/a
•
8% Jan
Jan
Jan
26% Apr 20
39% Mar 18
A
ser
205% July
44% Dec
Dec
Jan 30
22%'Feb 16
48% Jan
20% Mar
No par
193/4 Feb
28% Apr
22
17
Jan
24%
Dec
113% Apr
11
106
May
t?flh
A.
8%
Pub Ser El & Gas
5%
pfd $5
(The)
-
Sales for
26
Mar 19
108
100
preferred
Purity Bakeries Corp
conv.
32% Jan
No par
2
150
23% Jan
1
Highest
$ per share
Lowest
Par
t per share
1«
W
118
Nov
Jan
1123/4 Nov
35
Nov
Year 1945
Range Since January
EXCHANGE
*148%
Range for Previous
ngwr
NEW YORK STOCK
the Week
Shares
28
Apr
19%
;44y® Deo
27
49
STOCKS
Thursday
•April 25
Wednesday
April 23
Jan
122
104% Mar 26
3Q
125
71
111% Mar 27
313/4 Mar
31% Mar 12
Pressed Steel Car Co Inc
PRICES
Tuesday
•'
27
7
Mar 25
253/4 Feb
Aug
123% Aug
17
No par
Pocahontas
Poor & Co class B
320
147V4
115%
64%
37
g per share
April 20
138 Va
146%
115%
27%
113
Monday
April 22
Saturday
ft
138%
147% 147%
*115% 116%
66%
65%
42 % Feb
103
Jan
17%
760
116%
47
34% Apr 24
105 % Feb
117
'
v.-
4
1.710
147%
5
x213/4 Mar
Pond
25,900
1233/4
138%
19
19% Feb
Oct
29% NOV
81% Apr 18
29%
111%
121% Feb
Feb
Dec
115
Jan
28% Jan 28
Public Service Co of Colorado
1233/a
27
15 V Mar 13
118
Dec
11%
25
;
8
7.000
111
30
3
36 3/4
283/4
Jan
Dec
40 V*
29% Nov
283A Jan
363/a
1233/a
338%
138%
27% Feb 25
31
:36%
4
21% Jan
18% Jan
37
110%
30
Jan
7%
9
36%
28%
30% Jan
106%
—1
Procter & Gamble
283/s
27% Feb 25
111% Feb
Jan
Plough Inc
Plymouth OH Co
300
110V4
27
18
.100
2,700
121%
138 5/4
Deo
15% Nov
Jan
57
117% Jan
.100
67%
29%
25
22
.100
67
122%
19% Aug
76% Jan
.100
1st ser ponv pr pfd_
5%%
*57
111%
Apr
8
44% Apr 22
Mar
13
Jan
Pittsburgh & West Va
Pitts Young & Ash pfd
Pittston Co. (The)
67%
.
59
26
Feb
pot.
59V4
37%
5
108
9Ys Jan
-10
67%
59
Dec
6
.100
Co
59%
28%
146%
Glass
67
123 3/a
124%
Plate
591/4
110%
138%
28%
400
122
29%
*115%
28
5.600
111%
123%
64%
25%
38V4
24%
38V4
124
29%
124
65%
25 V4
38%
111
30%
112
123%
64%
37
25
41%
105% Nov
Mar 12
21% Mar 13
preferred.—
7%
770
400
25 Va
*37%
1.170
Apr
16% Feb
36% Jan 21
par
.100
*198%
—
*29
84
Jun
26
.100
I
85%
116%
J
119% Nov
2
Apr
•
Jun
Jan
Jan
8
69
III
43%
92%
14% Apr 13
35% Jan
•
38% NOV
July
83
126% Apr 13
102
Apr 23
43% Mar 18
109
,
13
Coal Co_
& Chic Ry—
Pittsburgh Steel Co
7%: preferred class B
5% /preferred class A
26%
19% Jan
10% Mar 13
No par
2.600
83%
21
17
Mar
8.200
85
11
303/4 Jan
106% Apr 12
J
*26
NOV
40% Jan
Mar 13
Feb
16 3/4
85%
Nov
135
11%
26
Dec
963/4
43%
110
16%
84
85%
*25%
*198%
46
Jan
88% Jan
4
38. Jan 211
Pitts
140
Nov
Jan
8
11%
*115%
Dec
46% Nov
14%
111% Jan 14
.
7.300
_
"
69
12
Pitts Screw & Bolt
140
30% Jan
58
115
10% Jan
16%
16%
*115%
43%
Mar 25
Apr
24 3^
Dec
.
Dec
Apr 22
513/4 Jan 25
2
20
25
Pittsburgh Forglngs Co
10
212
43%
9
49
306% Jan
Consolidation
Apr
20%
par
.100
11%
11 3/«
,
83%
86%
*208 %
423/4
42
11%
16%
*115%
25 %
Pitts
Dec
37% Mar
Coke & Chemical Co— No par
preferred.
NOV
33% Aug
ft
26
$5 conv
Jun
30%
.113
Jan
111
23
Jan
30% Feb
preferred
17%
33%
;
Apr 26
32% Feb 26
Pitts Ft Wayne
26%
*30%
Pitts
19
-25
Pillsbury Mills Inc—.
$4
5.400
26%
26
Hosiery
Pitts C C & St Louis RR—
*135
123/4
82%
26
Phoenix
108%
1.200
101%
85%
*198%
Phillips Petroleum
49% Deo ;
11% Aug
Deo
28
16
Jan
32
No par
100
No par
3
preferred—i_
7%
9.800
34
"*33
preferred
series
Phillips Jones Corp
129%
64
631/4
preferred
3.60%
Jan
21%
'
May,
47% Feb
47
893/4 Feb
43
3
5
100
100
Corp
4%
40
33%
123/4
88
26%
103%
'
*31%
*127%
101%
85
26%
*102
321%
Iron
.24% Mar
72
27% Jan 24
Feb 27
x40;
No par
J 00
-1
Philip Morris & Co Ltd
210
123/4
26%
*198%
37,800
103%
88
26%
50%
103
12%
26%
*26
Phllco
>101%
88
*198%
11.700
13
26
84%
36%
103
26
84%
103%
*135
88
84
34%
12%
11%
preferred
Phila & Read Coal &
101%
42%
preference com
4.4%
110
49
66%
$1
8.400
19.200
108
*33
35
26
No par
-1
(Chas) & Co Inc
16%
51
32%
Pfizer
120%
110
481.4
*108
33%
*208
*208%
43%
*208
30
12,100
*198
*198
*198
*198
*32%
*135
*135
13
13%
13%
35
*102
33%
*135
*135
68%
*33
7
35
33
T»
33
*107%
129%
*127
129%
*127
68%
90
'
32%
Feb
115
41% Feb 26
Phelps-Dodge Corp
-23
Philadelphia Co 6% preferred
50
$6 preferred
No par
Phila Electric Co. com
No par
16%
34%
48%
*106%
129%
34%
108%
108%
68%'
35%
47 %
*106%
30
*120
>
16%
34%
30%
29%
30%
120
15%
108 %
110
*32%
29%
119
16%
48%
*106%
*127
301/4
119
30%,
510
113%
113%
113%
16
108%
47
50
49
50
30
29%
16%
35%
16%
16%
30V4
119
120
119
120
120
29%
29%
29%
29%
29%
124
*120
113
30
30%
30
30 %
30
71%
70%
113% 113%
*113% 114
114
ft-
,
22
Pfeiffer Brewing Co__
13%
43%
*42%
*106%
,
,
13 %
*56
23% May 4
Oct
Jan
59
16% Feb
100
3,200
109
xl8
303/4 Jan
32
Feb
28% Feb 25
—50
—10
5
10Q
100
14%
42%:
12%
5
No par
5% preferred
Penn Power & Light Co
Pennsylvania RR
Pennsylvania Salt Mfg Co
Peoples Drug Stores Inc
Peoples G L & Coke (Chic)
Peoria & Eastern Ry Co.
*
Apr
78
12
4,400
800
*106%
12%
193/4 Apr
Jan
12%
700
101
19% Apr
6
24% Jan 29
110
12%
126
101
34
133/4 Feb 26
No per
Glass Sand Corp-
Penn
12%
*124 *
101
42%'
42%
*106%
,
28% Jan
.
Pepsi-Cola Co —
33%c
Pere Marquette Ry Co
100
5% prior preferred———100
5% preferred
100
Pet Milk Co————No par
4%% 2nd preferred
100
Petroleum Corp of America.
9
900
:
126
*124
42%
—
41%
112%
104
126%
*102
500
26%
46
55
13%
109
*106%
13%
28%
4.400
*34
34
27%
28
28
-ft
28%
32
*113
112%
34%
33%
34
28
32
42%
45%
55
*34
143/4
400
27
115
33%
29
*28%
127
" 127
43
55
113
*34%
34%
»
34%
*101
56
114
*55
115
113
111%
110%
56%
*55
56
*54%
10,800
27%
42%
47
46
10,100
373/4
34
27
*32
42%
46
54%
373/4
14%
27
43%
'
53
*14
*113
27%
43
76
*73%
76
*73%
*74
•
Nov/
149%
Jan
.
34% Apr
45%
.
48
V
.
46
:
121% Jah
Mar 26
181
3
23.300
6%
'3
20
79%
ft
1
Apr 24
152% Feb
1
Feb
78
vft
15
Jan
48
373/4 Jan
•43%
y
171
64% Feb
■
6
Pipe Line—No par
74%
6%
142
.100
!
6
17
Mar
*
Dec
42
Jan
34%
24
Deo//:
Nov
89% NOV
24
Mar 18
48
45% Jan
::
Jan
45 % Mar
86% Mar 19
8% Jan
3
233/4 Mar 14
preferred
4%
100
13
56% Mar
45% Apr
11%
22%
23%
13% Jan
16
~10
—.
Petrol & Transp
Pan-Amer
Panhandle East
4.800
89
4
»
i
400
111
89
19
40% Jan
-1
Pacific Western Oil Corp
*109%
,-.}
79%
ft ft 6%
541/4
34% Jan
$ per share
-
22
.No par
52.400
12%
90%:
78%
—
Pan American Airways
.
*109%
81%
-preferred
Packard Motor Car
*108
111
90%
6%
85^800
53%
19
100
Pacific Tin Consol'd Corp.
2,600
19%
Feb
No par
Pacific* Telep*<& Teleg-
70
210$
21
77
-No par
new
9%
54%
12%
Mills
9%
20%
2
par
_25
& Electric—.—
Gas
Pacific Lighting Corp
32%
*18%
11%
Pacific
Pacific
11,600
;
Jan
par
No
preferred non-cum
preferred: non-sum
2nd1
'»%
32%
-8%
21%
ft 19%
79 %
6%
6%
4.500
ft:
9,800
800
47%
178%
.
9%
*110%
'
62%
148 y4
148%
53 V?
*109%
79%
78%
72%
73
7
90
*109%
72
74
12
79%
!'
6%
ft'ft
78%
78%
20%
*18
20%
56%
.
ft
90
78%
90
I
*109
*87
*109
^
19%
45%
62
47%
.179% 179%
'•l«%' ;T 8%-V''
ft 32%
*32%
•
1st
iio'
45
62%
471/4
9%
110%
12%
,
45
62
10
.130
82
*42
47
148%
55%
110%
12%
13
*78
ft "45%
45
56
56 %
12%
-,\n
20
55%
ft
9%
82
-ft
*42
Mar 14 v
18
19% Jan
247/e Feb
15%
Coast'
Pacific
Highest
$ per share
share U ft i per sha re;
-10
ftFacltfe Amer Fisheries Inc
900
21%
43%
*78
*20%
£
8%
33
33
21%
20%
•
/
17
*16%
16%
'V
180
8%
10%
21%
21%
21%
20%
179%
■
33%
10
62%
47%
48
.149
149
180
180
7
20%
62%
62%
47%
16%
*21% -22%/
♦78-82
'
*42%' 45
45
45%
22%
*78
17%
Lowest
Highest
V
17 V
17%-
.•.17%.
Year 1945 ft
Range Since January 1
.
EXCHANGE
19% Feb 20
Lowest
t per share
Highest
4 per share
Q
22%
22%
*21%
22%
16
16%
16
*213/4
400
22%
Quaker State OU Ref Corp
R
26%
16 3/a
26%
27%
27%
112%
*110%
1123/a
*110%
11.1%
*110%
*46 %
46%
46%
46%
*45%
46%
*45%
26%
273/4
263/a
263/4
27%
27%
6.100
37%
37%
37
37%
2,600
26%
fa/a
263/4
27
3,600
Reading Company^
51%
50
50%
.500
16%
163/4
913/4
913/4
26%
26%
"91
27%
112
16%
91
*90%
16%
92
90%
91
90
26%
27%
26%
27%
111%
1123/a
112
46%
46
46%
28'A
28%
273/4
28
27%
33
38
*38%
38%
38
28%
38%
37%
37%
28%
28%
27%
28 Vs
273/a
27%
27 *"
27%
82%
52%
*51%
51%
45%
45%
45%
29%
■-41
53
51%
45%
*45Va
46
*45Va
29%
31
112%
*111
108
111%
107
45%
44
112%
*110
*51%
*111
111
111
29%
29%
54
;
.-•-(-
413/4
26%
26%
38%
383/4
*102%
ft 31%
105
313/4
For
42%
26%
38%
*102%
31%
263/a
39%
105
>
.31%
footnotes see page 2312.
,
25%
38%
*103
30%
46
112%
111
29%
111
107
104
105%
30%
45
26%
39
105 ft;
31%
29%
47.900
90
28%
46%
*112
:/
*110%
16%
92
16%
*90%
>Rvft'r
Mar 13
Feb 7
Jan
3
Jan 10
Jan 3
21% Jan 3
37. Jan 3
15
87
15%
109%
41
No par
$3.50 conv 1st preferred
No par
Radio-Keith-Orp* ium
1
Ralston Purina Co 3%% pfd
100
Raybestos Manhattan
No par
Rayonier Inc——1
$2 preferred
29
17
16
43%
43%
25%
26
39
40%
*103% 105
31
303/4
:
*50
1
45%
45%
28%
28%
111
111
104
104
*
45
'ft
ft
28
600
97.400
*
500.
45
28
*112
104%
2,600
30
112%
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42%
42%
42%
25
25%
25%
39%
.39
*103% 105
:
30 ft
29%
-39%
*103
293/4
423/4
25%
41
105
30%
30
800
46
ft-
160
1,200
5.200
18.500
Radio Corp of Amer
—..—SO,
4% non-cum 1st preferred
4%
non-cum
2nd preferred
50
50
Real Silk Hosiery
Preferred
Rels
(Robt)
—
& Co 1st pfd
Reliable Stores Corp
Reliance
Mfg
Co new
Remington-Rand
ft' Preferred with warrants
Reo
Motors,
Inc
100
100
No par
5
1
29
1
•
26% Apr
493/a Mar
43
Feb
22% Mar
15
6
8
14
23% Feb
6
15% Jan
22% Dec
10% Jan
19%
ftftft
19
Jan 28
96% Mar 19
28% Apr 24
112% Feb 11
49 Va Feb 6
28% Apr 18 v
3.9
Apr 9
33% Feb
4
53% Apr 18
46 Va Jan
9
31
Apr 17
106 Va Jan
4
112% F^b
4
95
Mar 19 ft 125% Jan 17
27% Jan
7
45ViApr 22
23
Apr 15ft27 % Mar 25
32V»Marl3
41
Apr 26
•
101% Mar 8 ft 105% Apr
3
ft. 25 Va Feb 26
32 Va Apr 9
78%
Dec
Jan
90%
Oct
7% Mar
18%
Dec
103
July
111
Dec
33
Aug
43%
Dec
16
Mar
25
Nov
34% Jan
38% Jun
7-ft-r-.' ft.ft' ";.v
19% Jan
29% Mar
Mar
60%
Dec
36% Jan
11% Jan
46%
Dec
ft 43
28% Deo
Oct
137
69% July
143
102%
17
Jan
31%
Jun
Dec
Dec
Jan
36% Dee
99%
Jan
102% Aug
15%
Jan
22Vs
29
Deo
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NEW YORK STOCK RECORD
Range for Previous
"•'■•«
April 26
.j»
15% Jan
20%
*115%
/
26
29% ;Jan
110% Jan
33%
1-16%
32%
*46
*104
,
47
.
25%-.
-...
•
4
58
59%
60%
30%: ,32
413% 413%.
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,
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35
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35
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'46%
471/4
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76
39%
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83. ,'Mat
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Apr
Oct
v.-
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^
.97
Dec
t. 11.7% Deb :
23% Dec '
140
Oct
i "'46% .Nov
400
Dec
►
26%^Dec
81
Dec
12% Dec
'
'29% Nov
:• '48
'94
/Oct*
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28
Mar 26
37% Jan 16
77% Feb
8
39'/a Apr
18
«
17% Feb
8
!
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49% Apr
9
23
Mar 27
•
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17
113% Jan
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13%
STOCKS
LOW AND HIGH SALE PRICES
Saturday
;; April 20
Monday
^ per share
;
t per share
48%
"17%
*
12
:l2
■
■
-
•
'11%"
'•
19%
19%
tfcesday
April 22
Apfil?3
*
55%
13%
6574
28%
28%
'
20i/2
2C%
'
April 25
,
'$ per'share
per share
fper share
6S
''
'
■
-
*■'<* 47%-
47%
41':?
-
YORK
STOCK
EXCHANGE
Shares
;
Range for Previous *
tYearl948
■.•
Range Since January 1
Lowest'
' Highest
$ per share
Texas
55%
-
NEW
t
$ per
t per share
share
7%
■
Jan
7%
Jan
11%
Jan
48%
Gull, Producing-^—
Jan
6%
Jan
Texas Gulf Sulphur
19%
19%
19%,
20%
.-
,
-19%
36%
Jan
Texas Pacific Coal & Oil.
28%
20%
18 y8
Aug
Texas Pacific Lahd Trtist.
13%
Jan
•Texas & Pacific Ry Co
30%
Jan
Thatcher
14% Mar
"
48
'48
38%
38%.
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28%
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106%
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62%
28 %
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63%
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.
/:••• 38%-
footnotes
see
63%
page
2312,
..
4163%
281/2 '
105%
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41
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63
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Mfg C6„^^
83.60 conv
•44% Mar
preferred.^.
The Fafr_._..__._;^.^.:
6% preferred
.—
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Texas Co, (The)
13% /131/2
-v55%•
• 28%•
20
-
the Week
Talcott Inc (James)
'
•
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<
Telautograph Corp.
Tennessee Corp^i-,..-.».
21!A
64%
641/a
13%
,
:i8-/
11%
20
•64%
April 24
i "per share
Friday
April 2«;
Th«#«3«f
Wednesday
;;
8%
Apr
x93% July
:
18% Nov
'
22
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Mar 30
Jan
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2
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1
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3
/ 22% Mar 11
% 405%
25%
113% :Jan
38% Feb
;
•
'44%
1S% Deo
•
•'•.••
*»*»••
V
■
$ per share
7%-Aug
„
-\
Highest
.
$ per share
.
40% Feb 16
7
year 1945
lowest
.
$ per share
,
2
31% Jan
^38%
43%
a
24% Apr
8
17% Feb 25
21% Feb 21
7
106 % Mar 11
-426: -/to ;4
22%
'M
•
•'
.
4
'118 * Apr 20
18'/« Mar 14 V* 27% Apr 22
'110 % Jan
3'
:
26%
107% 4(T%
38
i-'uoiv^'-'Hlgfhest
13% Met 15
17% Mar 13
46 -,r 16%
49 /
19
.
^Lowest
,
$ per share
$ per share
20'/4
t
.
Highest
4 P&r
share
?
Volume 163
2311
THE COMMERCIAL & FINANCIAL CHRONICLE
Number *4485
NEW YORK STOCK RECORD
Saturday
April SO
•
"
April 28 "
*
'■
£ per Metre
$'$£r share*
t
'tpershatej f
t per share
'
15%
64
15%
*
*18%
<i&%
109'/a *10
10%
53
54
18%
■
10
233/4
23 'A
108%
52%
53%
53
.
64 y4
63
'
20
19%
48%
63%
-64 '/2
63
19%
19%
20
18%
18%
60 '
50
501
"23%
*107%
9%
,-r
v
;
•v
■
23
54%
.52%
54%
51%
52 £r
60%
62%'
60%
60%
60
52% ;
60y2 v
20 %
19%
19%
19%
19%
56
54
54%
53%
54%
108%:-
190
y,
-
83
20 %
\l4 19%
;
; ;
•
;•: 51%
[
7,300
Transamerica Corp—
,
53
*26
,26%
12
'• ••
'12 Va
*111
53%
52%
;-2ty
*25%
53%
53
26 y4
,
11%
11%
113
18%
111%
'18'A
60%
i;
18 %
60%
61%
59%
75'»/2
18'A
61%
75%
75%
75
,
76%
'
■
21%
16
65%
22*A
-
l66%
67
65
67
*22%
68
23%
1,
23
22
22%
72
71%
'
607/s
75%
i.
;103 '
22%
-
~
70
22
1"
V
•
>
.
;
71
22%
.
'
22"
Truax-Traer
Corp.*
-No
16,200 n
4,380 »
2,100 -
*
Jan
Dec
9%
20
Jan
61%
Jun
16%
Jan
Dec
Sep
f 25
107%
Jan
r
101
Nov
.Dec
-Oct
•2iy4 Jan
9
,10
|Mar
;23'
Dep
Jan
<9
26
Jan
79
Dec
18%
9yu Jan
111
>
.71
3
33% Feb
•
114
Mar 20
'
33Dec
Jan
10%
Dec
103
8
Jan
112%
Dec
7
v>.20% Feb
6
10% Mar
17
39% Jan
y
3
•62% Apr
24
26% Mar
45%
Dec
77% Apr
24
34% Mar
56-
Dec
106% Jan
10
106%
23% Apr
25
49% Jan., 8.102% Apr' 23
•
'14% Jan-: 41
-71
>56
Jan, 3
20% Feb 26
-
66
Jan
29-
Mar
52-
Apr
5
7
,12% Jan
-
34%
50
16% Jam
:
-Nonpar
1—1
Twin Goaoh
Feb
51 Ya Apr .13
par
.No par
preferred—L-*..
.No Par
$4.50 prior ptd
L
-No par
Twin City Rapid Transit-.!-,
i_50
5% conv prior pfd~.
400 ft
4%
31
20
15
23% Mar 15r
$1.50
4,100
29
24
■
-No vor
—
Nov
66 y4 Jan
—1
Pox Film Corp
20th Cen
19,600
■.-»
1
•
.70
1,700
„
-23% 1
23%
70%'
22
y
23%
67"'
106
*103
103 y-
22%
22%
i
Tri-Contihental Corp.,—
$6 preferred—
Dec
Nov
112%
54% Apr
..
Transue & Williams St'l
19%
66 %
Oct
Mar 13
_No par
v
200
17,100
-
.
69JA
167
72
•
75
V
11%
111% 111'% '
V"'18%' 18% ::V
59%
60% :
74%' 75
18%
'60%
.75% ;77%.
•103
.103
22 Va" 23%
1Q2%
21%
'21% "22%
..11%
111% 111%
18
*25,:v, 27
,•
liy4
11
*
!'
75%.;
"
*22%
*25 -A- : 27
,
11%
*111% 112%
18% 18%
.60%
62%
'
Qiya
102%
103
103
*102% 103
<
'
27
11%
113/|
111%
111%
112
*25%
26%
'
'
*8 y4
53
53% *
Jan
July
106%
Jan 29
112 '
15 Ya Mar
16% Feb - 26
-i—2
5,200 #■ Transcont'l & West Air Ine
'
12
"13% Jan
Apr .12 '
,
56
-—No par
Timken Roller Bearing
29
40% Mar Hy
*:
—10
Axle_——
Detroit
2,500 *
■
'
Tlmken
13,300
28
68
Dec
15%
;
; 64% Dec
Aug
13
28
Jan
•24 Va Apr
18% Feb'26
10 Ys
45
Jan
19
112
Apr .25
,107
.
-68% Jan
8 :
Mar 14
50
.
53%. July
4
$ per share
9% Mar
16
,
107% Apr-158% Jan
2J
■i
'Tide Water Associated Qlll— AulO
-$3.75 'preferred1 -——-No par"
15,100
'
107 y4 107% v
108%
Jan'
:
49
16
Feb
70
Feb 20
.17
•
$3,50 cum preferred:.——Nf 'far
500»
17% Feb
15% Jan
t
Jan ' 8
12
i
Highest
J per share
$ per share-
.
Lowest
1
Highest
.
A
60
50
Third Avenue Transit Corp-No por
•
108%
108%
*107%
-
...
51 :
22%
•
••*
10
51'.-.i'
22% -23%5:
/
-*■
«<■
43%
-
*
;
tfper sharp-}
..I
-500 •
Thompson (J R)—-—L,—s
—25
4,200 i?- Thompson Products com— No i>ar
4% preferred
800 ft;
-100
Thompson-Starrett Co.—,—No por.
6,100
'
(
108
-
Thermoid Co common
$2% div conv preferred
.
520
'31,900
62
108
"
9%
9%
10%
,
162
109
Lowest
P*t
3,500
r,
.62%-
,13%
isy4
*18%v 18 3A
63
-
109
51'
23
23%
49 y8
107
.9%
*50
*61
!
Year 1945
Range Since January 1
y.V^
*
f
Shares
y
15%'S
15
15%
61%
-'
109%
109
53%
.108%
24 %
63%'
per share
13%:i
18%
63%
10%
24.
108%
23%
18%
•
109 »/2
109%
10%
52
"*
'
61
-13%
13%"14
64%
*53
10%
52
.
X61%
■;
18%'
63%
64%
109%
109 %
10i/a
V,
14%
15%
62%
15%
63%
13% "13%
•
18%
64 y4
15%
63 %
64y2
14'A
,'13%
i8%
64%
64
,15%
15%
*63-;,
15%,
64
s:;yi4v'-14Vi
EXCHANGE
the Week
April 26
April *5
-April 24
:
"NBWTORK STOCK'
Sales for
Thursday
Wednesday ~ "
Tuesday
Monday
April 22
Range for Previous
SALE PRICES
HIGH
LOW AND
Dec
Jan
16
Jan
Dec
42
Oct
52%
Dec
14%
Jan
25%
Dec
58%
Jan
77 v
Oct
,102
May
9%
•
Apr 26
26% Jan 29
U
'
'
72
72
.72
71
73%
73%
70%
22%
22 ya
21%
22%
21%
22
21%
21%
21%
35%
36
34%
35%
33%
34%
33 y8 -;
35
35%
123% 124%
123% 124%
122%
111%
*111%
111%
111%
*U3y4 114%
*113JA
114%
*109%
111
111%
*109% 111
*116
,.
40%
42 JA
43
49%
50
49 »A
161%
157
159
*112
416
*112
my*
,
.43%
91
37
37
53
89%
91%
91
*37
38
37%
38%
*37
15%
14%
i5y4
15
38
*36
15%
14%
15%
157/a
15%
15%
14%
,26%
26%
26%
26%
26%
26%
26%.
5%
5%
5%
5%
5%
;5%
'
300
15%,
26 y2
26%
5%
5%
26'A
*25%
5%
26,300
.5%
1,600
5%.
54
54 %
54
54
53%
54%
53
53%
52% ;:52%
52%
38
38%
37%
38
38
38%
.37%
.38%,
37%
38
38'A
18%
18%
51%
52
51
147%
147%
148
146
28%
28%
14%
14%
83
81%
82
18%
18%
18%
18%
18%
18%
54%
54%
54
*145%
149
147
28%
28%
61%
61
*109
12%
12
31
109
*23
*106
*204
*204
46%
47%
46%
47
93
95
93
29%
*106
9,200
109
1,000
122
1,500
U S Gypsum Co
204
10
21%
21%
123
44%
44%
45%
4,000
44
46%
44
87
93
45%
90
86
93
87%
92
89 y2
91-
52%
53
53
2,200
*54%
56
55
55%
54
54%
53%
54
*11%
11%
11
11'A
10%
11%
*10%
11
10%
11%
11%
11%
3,400
39
39
39%
39%
39%
18%
17%
18y8
11%
11%
*11%
11%
38%
38 %
38 Va
39
38%
39
39
19%
*11%
18%
19%
18%
18%
18
11%
19
*11 y»
11%
11%
11%
60
60
*83
*61%
62%
5%
5%
61%
5%
79
184
75
75
88%
84%
158%
55%
56%
82
81
82
60
59
59%
2,000
5%
6,700
9,200
72
73
87
87
87
84%
82
83%
158
158%
158%
27%
28
27%
27%
27%
52%
52
52
51%
8%
8%
19%
8%
19%
18%
20%
103
*200%
23
20%
21
20%
21
*ioiy2
103
46
46%
99
99
•
a 158
27%
51%
27%
51%
51%
3,500
196
200%
200
22
21
;
27"
50
Jan
-1
preferred-'
—LNo par
Universal-Cyclops Steel Corp
1
Universal Laboratories Inc——-~1
120
22
f
1,100
7,300
21%
21%
102%
)
300
194
'
160
45%
46%
46
47%
46
46%
45
46%
6,000
99%
99
99
99%
99%
99
99%
99%
99%
430
$6
Stookydrds Corp—
4V4% preferred
LOW AND
April 20
April 22
share
HIGH
Tuesday
Monday
April 33 J
April 26
.
$ per
Dec
59%
Feb/2
38%
Jan ^
55%
Dec
Jan
29
12%
Dec
Jan
29
39
Dec
16%
Dec
6% Mar
Apr
Jan
16
Apr
24
Apr
17
7% Feb
7% Jan:
11
Feb
30% Mar
'
7
6
Jun
Jan
57
Dec
46
Jan
67
Nov:
27%
Jun
48% Dec
•
2% Mar
7% Dec
]
35
1
51%
Jan
144%
6.
Jan
:{!.
•
32'/a
31%
31%
23%
23%
23%
Oct i
58%
6
Dec
89 >
Jan
23%
30%
30
31
30%
31%
5,100
23%
23
23
23%
24%
3,700
Van
58%
58 V2
32
46
Sep
50% Dec
4
Jan
4% Jan
j98% Jan
121V* Dec
Apr 11
9% Jan 28
Jan
,
27% Feb
,
7
7 22
5%
Feb
25
Apr
20
101- Apr
1,800
-J58%
Norman Co
55%
55 y4
56
57 Va
57%
57%
23%
*23 y4
23%
23
23
22%
23
21%
22
21 y4
21%
1,400
Vertientes-Camaguey .Sugar
44%
44%
43%
44%
44%
44%
44%
44 %
43%
44%
44%
44 y2
3,900
Vick
55
55%
*112%
*112%
*113%
1
47%
47%
108%
*108
10%
10%
••91%; ." •:•
*89%
108
122%
100
*98
41
41
45%
45%
165
*151
♦176% 190
50
110
s
41%
*45%
*151
*176%
50
41%
41%
.46
165
190
49%
•41%
46
46
*151 .•»■ 165
190
*176%
115
i
*113
118
1
*46
•47%
47
108%
*106%
45%'
45%
1,000
107%
140
10
•10%
<9%
10
9%
9%
90%
*88%
90
88%
88%
|
*122%
122%
'"
110
50
50
40%
*46%
165
122%
*122%
122%
*98
<
*98
110
r
50%
-
410
10
20
105
*98
4,300
•
50%
'50
41
40%
40 y8
1,200
(
1,600
47
1,700
*165
170
*165
170
10
'
*176%
190
*176%
190
*176% 490
46%
46%
46
47'
165
Co-6%
2.50
Vicks Shreve & Pac Ry
100
5% non-cum preferred—
-100
Victor Chemical Works;
—9
3 % % cum preferred—
—-100
Va-Carolina Chemical
—No par
Chemical
6%
Co
new—
—
25
9
Jan
Dec
Dec
Dec
Jan
178
110
Dec
200
NOV.'
23% Aug
48% Dec
9
Year 1945
Lowest;
Highest
Highest
Sper share
$ per share
share
■
$ per share
:_100
preferred
div partic
Virginian Ry Co_
6<£
preferred
Visking Corp (The) class A
Vulcan Detinning Co—
Preferred
-100
100
——
34%
Dec
13
Mar
22% Deo
58% Apr 24
24% Jan .10
32
Jan
50% Nov
19% Mar 13
43% Apr
Jan
2
110
Jan
13% Apr
24% Dec
44% Mar 29
13
104
112% Apr
24
86% Mar
104
Dec
16
115
Feb
15
90'/2
103
Dec
37% Feb 26
107
Mar 1
50
Apr
2
w6% Jan
12%,Jan .29
25
99% Jan 28
123% Apr 10
5
Jan
-
:?
4
;
43
4
7
;
172
Mar
Feb
1/3% Mar
59% Jan
8%
Dec
Deo
Nov
Sep
57
Jan
83
Dec
45% Jan
55
NOV
.36%
v45%,Jan 30
47
Dec
81
124
;118
Apr
9
51% Feb 18
21
26
Apr
45 %
105
Jan
Feb
39% Jan
xl61
Jan
24% Jan
108% Mar 18
3
77% Jan
80
$5
Jan
24% Apr 26
2
47
Pow
21%
8
26
29
29
—5
&
Feb
18% Feb
120
El
39
29% Mar 13
46% Jan
pref_
100
Va Iron Coal ft Coke 5% ptd—100
Va
.
50%
40
41
20
—w
*108%
47
107% 1
<
*122%
110
49%
*112%
118
89
!
122%
*98
v
115
*113%
*107
j
89
*122
122
122
50%
*50
10%
89
90
*112%
112%
*113%
108%
10%
10% -10%.
90
47%
•471/4
*107
108
112%
—
47%
47%
100
*121%
—
—
*113%
*112%
*113%
t,
8% Dec :
Mar
75'%
10
200% Apr 23
49% Jan 10
JNOV
16%
Jan
16
Apr 16
110% Jan
i
..
24
3
$ per
No par
2.50
10
Van Raalte Co Inc
*23%
55
t
Nov/'
160
23% Aug
V
22%
23%
Dec
85%
135% Jan
Range for Previous
Vanadium Corp of Am
30%
31 Va
30%
23%
(
77%
Jan
16
20% Apr 10
Lowest
Par
(
31
Oct
176
Jan
72
»
14
128
25
•
Oct
73%
Feb
54
4
j
52
6
11 '
,97% Feb
11%
9%
22
Feb
Jan '
Range Since January 1
Shares
share
Nov
70%
Jan
EXCHANGE
the Week
Dec
34%
;
39
STOCK
YORK
NEW
Sales for
Friday
$ per share
$ per share
$ per share
$ per share
Thursday
April 25
Dec
115%
Jan
STOCKS
SALE PRICES
Wednesday
April 24
115
13% Jan:;
'
Saturday
1
29% Jan
.8% Jan 31
.
Nov
28
50
166
94% Feb 26
99
Nov
107%
Jan
,r
77
188
1
100
Pictures Co Inc^
Universal
Feb
&
Apr
Dec
26%
>
Apr 20
Apr
v
Mar 25 j
21
Nov
13% Dec
Jan
;77
'
No par
100
preferred—,—
8%
3
21
15% Mar 13
106
conv
Universal Leaf Tob
16%
Dec
y1
112
Oct
187
7% Mar 20/
United Stores $4.20 non-c 2d pfd_5
200
Jan
Jan
84% Feb
"*89
Feb
Jair' 22
79% Jan
Oct
11%
80
Mar 15
3,200
~
**
Mar 19
154
preferred
non-cum
i$
67% Mar 13
84
28
f
52
103%
84
4
No par
100
No par
U S Steel Corp
Preferred
1%
25
1—50
U S Tobacco Co
Mar
21-
20
Nov
25
6% Mar
2
Oct
120
Jan
106%
63
26
171
22
12%
:
12
"Feb
64'/a Mar
^
Dec
10
60
2
5% Apr
100
—50
1st preferred
Ref & Min
non-cum
6,000
102
198
*194
200
8%
U S Smelting
Preferred
7%
194
*102% 102%
"
103
U S Rubber Co
Dec
52%
89% Mar
20
Mar 13
41
Jun
17%
44
2
2
60% Jan
No par
10
is y*
22
22%
20%
21
20%
*102
Pipe & Foundry
Card Co
Plywood Corp
JU S Realty & Impt
U S Playing
U S
88%
*
13%
<€■
9% Mar 14
51
Jun
Jan
•10% May
33 % Jan
'
95
28
10% Jan
Deo
14%
17
47% Apr
Feb.26
47% Mar 13
20
10
1
U S
United
*117%
118
118
13% Jan
7%
7ya
18%
22%
36% Apr
17%
7%
17%
126
26
Preferred
250
46 %
46
99
158
"
27%
8%
22%
22%
22%
J
33,000
2,100
18%
*118
126
*l>c
,118
23
*200%
—
82%
80%
82%
158%:
"
101% 103
23%
20%
23%
101%
19
118
120
600
8
"
*116
87%
18
8%
8%
19%
87 Va
*51%
52
8%
2,700
11
U S Lines Co
29%
•36
Apr 20
204% Mar 4
26
Jan
50% Nov
9% Jan
127
Feb
Partic & conv cl A
600
72
21 Va
27%
52%
179
71%
87%
80 Vz
158%
83%
600
77 %
76
*176
*87 Ya
158
•
72
71%
54
19%
77%
181%
179
183%
72%
27%
27%
*52%
■
CO o it?
76%
79
77%
<>
5%
5%
5%
5%
5%
79
57%
72%
■84%
158%
158
61
*80
58
87
•
88%
84%
85%
158%
*59
84
183
183
75
1,500
61
57%
21% Apr 25
199
Nov
5
Jan
13%
29% Feb
108
59% Feb
1% Jan
15"% Jan
9
Jan
108-
Dec
25% Nov
July
32% Apr :10
3
-4
1
—10
U S Leather Co—
700
83%
*59
5%
78 V*
183
74%
*87
11%
II,000
60%
5%
80
183
78%
184
5%
.
84
*83%
58%
84
61%
59%
58
59%
59
84
*87
18%
11%
*82
77%
•
Jan
Feb
No par
preferred
conv
U S Industrial Chemicals
1,800
17%
5 V2 %
23
,_5
—50
No par
No par
U S Hoffman Mach Corp
1,660
53
•
Dec
13
15% Apr 26
106
,
36
38%
Jan 23
110
6
9% Mar ,13
20
100
preferred
7%
Dec
Feb
22
Jan 28
30% Apr
63% Apr
Dec
Dec
.7% .July
.16% Jan 28
85
Jan 17 1
«•
21% Feb 16 -
3
Dec
140
26%
i3
153% Apr
•
82
•
56
7
106% Mat
No par
No par
No par
:
U S Freight Co
121%
204
22%
21%
*204
44%
'
U S & Foreign Secur-,
$4.50 preferred ;
•
3
Dec
62%
Jan
7% Jan 29"',
47% Mar. 6
i-100
-10
United
Mar 13
38%
66
55
Apr 12
.38% Apr 16
3
23'AJan
Co—13 Va
1
preferred
—
Faperboard——
5%
.v
J
Nov
120
Sep
1
31% Jan
22% Mar
'
.28% Apr
,;7
110% Jan
No par
Gas Improvement
9
45% Mar 11
8
Fdy—
18
38% Apr 25
17% Apr 12
-•
3:
16% Jan
104
Jan
54y4 Jan
Apr 26
91% Apr 23
,71%MaH6
-.100
—5
—
United Merch & Mfrs Inc com
29,400'
28%
29%
200
—
25% Jan
il2
Electrid Coal Cos
United
United
15%
•
.
United Dyewood Corp—
United Engineering &
United Fruit Co
6,100
:•
109
14%
109
123
124
124
*204
61%
59%
*106
22%
22%
125%
*204
29%
108%
14%
I,800*
f—5
,-8
45% NOV
Aug
53-
12
4y8 Jan"
47% Jan
112% Deo
Aug
-;
Dec
151
Jan
29
.2
Jan
Jan
27 %
Jan
25
119
26
24
116
100%
9
'•
13
Feb
Jan
109%
37% Jan 28
ll Va Jan
30
Dec
117"%
20% Jan
yi
,
120% Mar 11
:33% Feb. 25
73 :
Fett 26
.
Oct
102%
*110% Apr
111% July
28% Apr 20
168% Feb
7
2
39% Apr
26%
2
-
109% Apr 13'
—No par
——
17
108 % Apr
26
37,%
*—
Drug Co———
Preferred
2,000
2,000
13,300
146%
28%
United
200
52
146%
-
2,300,
18%
60
28%
,30%
18%
51%
28%
14
109
*106
24
124
126
*124
29%
30%
109
14%
109
109
14%
9,200
81%
18%
58 y2
61
109
14
13%
*23
23%
23%
127
108%
109%
12%
30%
31
109
*106
24
126
•
12
.
51%
146
i
28%
29%
60
61
60%
109
109%
30%
31
*106
28%
28%
62
61%
109% 109%
12
145
146
28
52
51%
*14%
79%
is y2
15%
82
1
*77
14%.
14%
.•81%
14%
82
54%
14%
79
14%
*79%
14%
14%
*79%
$3 preference
5,100
53%
38
v.
75,600
115 % Jan
,
5
42% Jan
Feb
27% Apr
No par
United-Carr Fast Corp
—No par
.United Cigar-Whelan Stores
30c
Prior preferred ——-r.^—i—20
United Corp common—
—1
United Carbon1 Go.
1,100
'
10
Air Lines Inc—
115% Feb
Is
2
140% Jan
.112% Jan' 24
—P
-100
United Biscuit Co—l
4,700
,
39
26%
"
United
10,800 *
,
51
49%
91
89%
400'
,
42
89'/a
47%
46%
48%
*88
16,600'
112%
40%
United Aircraft Corp—
5% conv preferred—
26
14.%, Jaii
78% Jan
4
.Apr 22
125
Apr 18
4
—100
-100
—No par
preferred
npn-cum.
Union Tank Car
1,400
30%
*110
42-
49
48%
91%
90
38
5%
30
41
4%
8
16
36
112% Feb" 25
Feb 25
,106
23% Feb 26
—25
!Union Pacific RR Coi—;
.
98% Feb
5111% Apr
—No .par
Union Oil of California
100
40
29%
112%
*110
2,200
115%
39%
29%
112%
42%
42%
y
—No par
Preferrd $3.70 series
156
40
39%
30%
30%
*110
60
17,300 1
27%
156
116%
27%
-
89%
89%
111
27%
28
40%
,
113
41%
115
*109%
Garb
Union Carbide &
Union El Co of ,Mo $5 pfd—No par
Preferred $4.50 series
No par
40
77% Apr
23% Apr
3
,3,
Jan
23
..
"
28%
30%
29%
111
42%
50 V*
42
•37
40
112 :
*110
111
39%
30%
29%
31%
30%
111
118
40%
4oy8i
*113%
No par
;
66% Mar 15
17% Apr
——5i"
Rubber Co
-Union Bag & Paper™,
8,300
112%
*109%
HI
Union Asbestos
2,900 '
13,800
120
*111%
.27%
162
*114%
116
116
118
40%
118%
,
160%
161%
162
120
*114%
28%
27%
28%
28
161%
161%
34 y4
113% 113%
111
113%
113%
*109%
:
28%
28
161%
114
111
114
*109%
33%
112%
*111%
112%
*111%
21% v
33%
119'A
124'
122
123%
112%
21%
21
Napar
Underwood Corp
2,100
73
73
-
43% Nov
Jan
Apr 26
170
Mar 29
120
Mar
165
175
2
Jan
145
Mar
173
64
Sep
78
Nov
13%
Jan
20
Deo
30V» Jan
42
Dec
15
■
Dec
Dec
W
76%
20'A
20%
46%
75%
20 y8
20%
47
106
*104
106
114
20i/8
*20
*20
76
20%
20%
20%
20%
49%
49%
49%
49
47%
106 %
114%
47%-
*i06%f 107
*112%
20%
20
18%
18%
»
113%
1-20%
18%
107
108%
112%
*20
18%
13%
13%
13%
"13%
14
106%
48%
106%
106%.
106%
106%
*106%
47%
50%
42
42
••••
For
431\
47%
48
43
43%
50%»
40
112%
20%
19
40
108%
113%
*107
112%
112%
60
1,700
1,000
20
20
18
18%
13%
14
*106% 106%
53%
54%
...106%
*39
41
106%
54 k-1
527/a
'
'.
*40
'
■■
41
29,700
3,100
i%
72
Apr 26
18
Jan 22
39
Jan
preferred
System
Walgreen Co
13"%
I'
13%
14
56
Waldorf
3,500
18%
18
ft
106%
1,400
50
49%
20 Ve
*20
20%
RR
100
No par
-No par
4%%
Wabash
72%
20%
49%
<108%
*107
112%
18 Ve
13%
47%
20%
1,000
72
72%
20%
72%
18%
13%
17%
106%
*74%
74%
'
113%
113%
\143-
75%
47 "
*74%
74
Div redeem
160
5%%
Warner
98
preferred—No par
20
Jan
13
.
—
—
Warren
preferred
Bros
Mar 26
100
Walworth Co™
109,700
000
111
G it W-—No par
—No par
Ward Baking Co
Pictures
Fdy &
Pipe
1
—100
—
—
51
No par
105
19
19
Apr 24
15% Apr
5
3
15
103% Jan
3
107% Feb
110%
20%
Feb
Jan
14%
Dec
8% Oct
16%
Dec-
91j% Oct
105%
Mar
35%
Dec i
50
Dec
8%
20
56
Apr
24
13
Maris
50
Jan
16
29% Apr
footnotes see page 2312.
Dec
Sep
3
Jan
Sep
110
Aug
61% Mar
117% Jan 14
21% Feb 21
Jan
35
26-
3
xll%Mar
31
6
Apr
Apr 12
Feb 26
(Hiram >
Feb 21
*50
105
preferred——
Walker
86
20V2 Feb
2
■
.
....
.
•
Dec
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday; April 29, .1946
NEW YORK STOCK RECORD
Saturday
2*7
:'t per share
26
; *34 '/a
43 %
.16%
r:
41%
116 >/4
116 %
*119
48%
120
•
111
48%
116;
111
115
116
*27%
43%
116%
116
121
*114
38
--89
42
*110% 111
115%
47%
47%
*114
28%
1,300
,15%
37%
*88
41%
116
1.400
14%
38%
88
♦119 '/a
600
29 V\
44%
43
16%
38%
*87Mr
8,200
33%
29:4
31'/8
29%
33%
"
**42'/a
Shares
28 V4
34%
31%
the Week
April 26
$ per share
I
Sales for
Friday
April g()
'
a
26%
*25%
74%
72
9%
10
24%- 24%
51% V 51%
101
101
35%
34%
*22
23%
36%
36%
33
33%
41%
41%
42%
*40
38% kj.38 %
104
104%
*70%
75
*104%
106
49%
103%
34%
49%
103%
x34%
38%
39
15%
14%
«
*86
89%
'
*35
.
12% -12%
23%
18%
*99%
*11%
23%
18%
100%
*19%
11%
23
23%
17%
:
17%
*99%
19%
*149%
35%
19
165
100
&
19
♦149% 165
'f'ar,{'-V • -'*»*
4S
v
4.f?
60%
<60%
62
62
100
*89
99%
104
*98
*100%
100%
>92
*87%
>*77.%>.;78%,
42%-
100
100%
90
*76%
78%
40%
42%
43
Tale ft Towne
Mfg. Oo
SB
York Corp
l
_
Young Spring ft Wire
No par
Youngstown Sheet ft Tube—No par
Youngstown Steel Door
No par
Zenith Radio Corp
Zonlte Products Corp.
2.500
15.000
•Bid
z
and asked prices;
no
sales on this day.
5%.. per annum until Aug.
1, 1946, 4%
tin receivership,
per
a
annum thereafter.
Deferred delivery,
>
•*
Transactions al the New York Stock
'A' Week Ended April 26, 1946
Railroad
and Miscel.
Shares
Saturday
Monday
Tuesday
774,680
$2,306,000
4,438,000#*
1,375,720
5,002,000
—
—«
1,502,150
1,385,090
1,211,360
3,960,000
-
7,462,175
i
-
tj{ Total
5,283,000
5,760,000
:
.
v
$2,431,000
44,000
4,683,000
5,273,000
117,000
5,959,000
/'
•
'2
122,000
; V
266,000
5,882,000
______
1,209,000
$26,749,000 § $1,539,000
'J
Week Ended April 26
1946
:> 1945
Stocks—No. of shares.
Sales
^>4,000
559,000
..
.•
,
5,435,000
$1,375,000
$29,663,000
7,937,308
140,103,682
124,932,925
D. 8. Government
$1,375,000
Foreign
Railroad ft industrial—
1,539,000
$158,000
2,561,500
$2,206,050
40,089,200
26,749,000
76,483,200
$4,136,800
31,200,200
;488;616,100
918,592,600
$29,663,000
$79,202,700
$523,953,100
$960,887,850
.....
Week Ended April 26, 1946
Saturday
Monday
Tuesday
Wednesday
Thursday
Friday
Shares)
1365,965
573,470
532,435
574,195
480,480
_
'
4.
-
Exchange
v
Bonds (ParValue)
'.*■■■
-
Foreign
Foreign
Government
Corporate
Total
$130 000
$3,000
$1,000
$137,000
230,000
232,000
216,000
"15,000
261,000
54,000
■
Domestic
448,130
$1,306,000
-
52,000
242,000
316,000
$2,000
$1,476,000
252,000
$168,000
*
Week Ended April 26
1946
1945
Stocks—No. of shares-
2,964,675
1,933,245
Domestic
Foreign government
Foreign corporate
Total
11
the daily closing averages of representative stocks and bonds
the New York Stock Exchange as compiled by
Dow, Jones & Co.
Par
Stocka
'■
■
1
■
V1.11..!.......*;.n 1 >
.,
■
Bonds
.
■
'
".n'. inVi;...
■ n.m.
Bank of the Manhattan Co
Bank of New York
10
100
Bankers Trust
10
Brooklyn Trust
30
20
IS
Total
10
Indue-
Rail*
mill-
65
Xndua-
vPate—
trials
roadt
April 20-
208.06
65.37
April 22—_———
April 23
207.99
65.04
207.31
64.87
April 24__
206.13
63:79
tie*
,
Stock*
First
Grade
Second
Grade
10
Total
Utlll-
40
„100
Central Hanover Bank & Trust 20
Chase National Bank
15
Chemical Bank ft Trust
10
trial*
Rail*
tie*
Bond*
77.65
105.84
119.13
102.16
109.53
109.17
43.68
77.53
105.76
119.29
Commercial National Bank ft
Trust Co —-«...—-—.20
102.00
109.48
109.13
43.52
Continental
77.29
105.38
118.95
101.88
109.38
108.90
Corn
118.04
101.55
109.26
108.55
Empire Trust
43.67
42.86
.
76.52
105.34
Ralls
Bank
ft
1
204-6®
63.49
42.85
76.08
105.29
April 26———
117.11
101.32
109.24
108.24
204.59
63.77
43.27
76.27
Fiduciary Trust
105.38
117.16
101.18
109.19
108.23
First National Bank
Trust
10
Exchange Bank ft Trust.20
.—
ar>
10
Rid
33%
430
49%
Ask
35%
442
51%
Par
Fulton
Trust
-.,,100
Grace National
Guaranty Trust
Irving Trust
Kings County Trust
_i00
^im
132
137
114%
118%
44%
46%
Law vers Trust—
Manufacturers Trust Co—20
Morgan (J P) ft Co Ino-y^ mn
10
"
inn
.
n
•
,
y
9*
49%
51%
47
50
23
National City Bank
York Trust
12%
21%
61%
New
63%
Public Nat'l Bank ft Trust
17>A
120
41%
100 1,875
125
/Sterling National
44%
Title
1,935
United States Trust
245,000
1,000
15,000
.
"
284,000
26,000
237,000
2,964,675
Total
are
_____
yEx-rlghts.
# f ^ ^
Bonds
Stock And Bond Averages
on
(Number
*>0j
■
Bonds
listed
x-Ex-dividenda.
>v
< Jan. 1 to April 26
1946
1945
7,462,175
Below
>
Stocks
Bond
Bonds
^
$1,000
227,000- :
% yyr
Total
,
241,000
-
'
wdWben distributed.
Daily, Weekly and Yearly
.
$124,000
-
Special sales.
Transactions at the New York Garb
Government
.
Bonds
1,213,175
Wednesday
Thursday
Friday
>
Foreign
-j
•
J
United States
Bonds
rOaib sale.
Exchange
Daily, Weekly and Yearly
Stocks,
Number of
n New Stock.
>
Guarantee & Trust
25
25
12
100
Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4485
Bond Record
New York Stock Exchange
«»
FRIDAY
WEEKLY
-
YEARLY
-
"V.v."V- rv
the
are
-
.
;;•■•
Last
Sale Price
or
Range Since
Bonds
Sold
Friday's
Bid & Asked
Low
D. S. Government
y.
BONDS
Week's Range
Friday
Interest
Period
Exchange
Stock
York
New
r-yrlNol'y
High
New
■
Treasury
3y8s
Treasury
3%s
Treasury
3s
-imf-ioni
1946-1949
1949-1952
1946-1948
A-O
■
;
*105.5
.
J-D
*100.9
Low
High
External
*100.9
M-S
2%s
Treasury 2%s
Treasury 2%s....llt
Treasury 2%s
Treasury 2Vas
Treasury 21/as
1951-1954
1956-1959
J-D
MS
...,—.1.958-1963
1960-1965
—-1948
1949-1953
1950.-1952
1952-1954
—
1956-1958
>1962-1967
1663-1968
June 1964-1969
Dec. 1964-1969
J-D
3-D
Treasury
n
.
—
—
Treasury. 2 % s_.
Treasury 2%8
.'
Treasury 2Vus
Treasury 2VaS
Treasury 2%s —.
Treasury 2'As
Treasury 2Vis
-
2%s
Treasury 2%s
Treasury 2'As
Treasury 2%s
M-S
Treasury
113.22
110.4
113.22
11
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
65
63%
63%
*63%
65%
65%
20
Series No.
J
,65
21
60%
114.6
115.23
115.23
3%s Series No." 24—
65
65
60 %
65
*114.31
115.1
*63%
65%
61
62%
64%
>>
3%s
•
3%s
Series No. '25———^.—:-,
Series No. 26
3%s
: *r
Series
No.
27
3%s
Series
No.
28
3%s
Series
No.
29
3%s
Series
No.
30—
Brisbane
(City)
s
118.15 118.23
*116.26
116.28
*103.29
103.31
*105.14
105.16
106
106
*106.11
106.13
107.15
107.15
*105.31
106.1
107.2
1Q7.5
M-S
*108.8
108.10
J-D
*105.24
105.30
106.25
107.27
,
*»
—
,!
105.10
105.10 106.2
105.6
105.8
Sinking
104.9
16
105.4
7
107.4
107.9
102.22
20
105.6
107.19 "
105.4
105.4
M-S
105.4
104.30 105.4
261
102.11
107.9
M-S
105.2
104.28
105.2
13
102.11
107.10
103.26
103.22
103.26
463
101.16
A 6s
106.15
J-I>
M-S
J-D
3%
106.16
101.15
439
104.31
103.22
103.29
J-D
External
109.15
108.30
107.16
106.6
*106.4
Canada
J-D
102.8
102.8
J-D
100.29
102.18
*101.30
102
M-S
*101.25
*102.29
*102.12
102.24
*
v
.
M-S
*102.26
*102.29
*102.28
-
■T~~
~i
102.30
*103.14
*103.16
J-D
103.26
~3
103.26
*101.13
104.29
101.30
105.24
*101.14 101.16
J-D
M-S
92
92%
86
1978
F-A
94%
94%
87
—1976
A-O
•91%
98
88 %
M-N
*91'/a
98
90%
1984
J-J
78%
74%
78%
1960
A-0
110%
110% 111%
110%
112%
J-J
114%
30-yr 4s
101.31
101.15
New York.City
Transit Unification Issue—
122% 124%
123%
111%
114%
101% 101%
101%
102%
59%
63%
63%
1942
f 7s
s
M-N
30
22
M-N
29%
A-O
30
A-O
29'A
21%
1961
F-A
30
22%
assented
Feb
1961
F-A
29'A
21%
30%
J-J
30
21%
30%
J-J
29%
21%
30%
24%
30
21%
30%
-
s f
..Jan 1981
es—
assented
—Jan
A-0
—1963
a 6s
A
A 6s
Foreign Securities
nf 1Q2B
A6s
of
Teletype
A-O
29%
29'A
23%
28'A
29
21
29
23%
28%
28%
28 %
21 %
29
--
A-O
M-N
M-N
M-S
M-S
27
27
4
J-D
28
28
2
1961
Jan
:
A-0
84
84
J-J
84
84
A-O
65%
66
1947
~
1961
1970
■
A-O
*52
M-N
*52
—
99
100
1952
J-D
A Municipal
(Colombia)—
AGtd
sink fund 6s
*79%
1948
.
(King of Norway)
F-A
A-0
*79%
M-S
AExternal
s
f 7s series B
f 7s series C
1968
1943
1945
1943
AExternal
s
f 7s series D
___1943
f 7s
AAntloquia
coll 7s A
(Dept)
AExternal
s
4s
J-J
J-J
*36%
J-J
36%
36%
97%
2
36'A
39
*106
106
108
*103
108 3/a
108 3/a
M-S
F-A
J-D
Czechoslovakia (Rep of) 8s ser A-1951
ASinking fund 8s series B
1952
A-O
§A2d
30"%
33
series sink fund
AExternal
s
1957
A-0
sec
s
f 7s 2d series—1957
A-0
31%
31%
~2
303/s
32
AEstonia
AExternal
sec
s
f 7s 3rd series—1957
A-0
3PA
313/4
1
30%
32%
French Republic 7s
33
*31
(City) external 5s
-1958
Argentine (National Government)—
S f external 4»/aS_
—1948
J-D
117
114% 117
36
M-N
102%
102% 103%
11
4%8-w-—.-.—---1971
8 t extl conv loan 4s Feb
1972
8 f extl conv loan 4s Apr—
1972
Australia (Commonw'lth) 5s of '25-1855*
M-N
102
103 '/2
7
100
100%
88
AAntwerp
8 f conv loan
External
5s
1927
of
External g 4%s
Belgium
of 1828
external 6%s——
External
External
lABrazil
-1957
1956
F-A
A-O
f 7s——.———•,1955 /
M-N
A-O
99%
M-S
*102%
A-O
*101%
*101'A
100
5
99
102%
*-<*•
A-O
*102%
A-0
*102% 105
A-O
J-J
100 Vz
13
96 %
35
106%
103%
1957
10
101
107
109 %
8
105
109 %
*34%
*101%
t
A-0
74%
91
A-0
7
78%
*
71
^
72'A
—
'78
71
71
79
79
73%
74%
•78
74%
78%
58
1
;;t
80
62%
2
115
64%
'
102
72%
J-D
AMedellin
64%
~3
78
—
A-O
No.
a%s
v"
Series
Series
Series
Series
72'A
A4'/2S
62%
■
(Colombia)
Series
3%s Series
*%s Series
A-0
*
__
—
—
*18
29
*16%
A-O
18%
2
100% 100 %
17%
22
,
16
•; ■• 19'/a
102 f
100..
A Mexico
(US)
to
extl 5s Of 1899 £
to
Nov.
5,
15%
A-O
—
--
11
16 '/2
J-D
*31
J-D
*11
11%
*21%
22%
Q-J
21%
2
65
32%
—
Series
59
74%
Series
Series
No.
3%s
Series
No.
No.
Series
No.
1942,
agree
1945
1945
*16%
agree
22
——
—
17%
11
—
20
61%
67
65%
5
613A
67
65 Vb
7
61%
21
15%
663/4
61
66
68
"
'
63
5
65'A
Series
No.
No
65%
.63%
65%
65
16—
65%
*633A
63%
65 %
"
"
I
■
page
—..
2317.
.—
*63%
71
•
80
80
:
60%
&
HO* MC. (
■
60%
65%
63%
60'A
65%
603/8
65'A
64%
FOREIGN SECURITIES SPECIAUSTS
65 V*
613A
2
■*
65%
FIRM TRADING MARKETS
79 y8
77
"1
65%
65%
:
n,
15—
Series
,11
,
80
79%
:•••/
*77%
—*
-j
14
see
FOREIGN SECURITIES
*
77%
"l
*77 y*
-
■
78 7
v"7j
78 / //::
■
'
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.
\
71
82
78 ;iv
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footnotes
66
653/4
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,
4
:
60%
50 Broad St., New York 4, N. Y.
Telephone HAnover 2-0050
n y8
'V'V
—
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72%
61
*77%
,
i
3%s
For
58
14
71
I
-
3%s Series No. 13
3%s
34
•64 %
No.
3%s
72%
66
64'A
■
72%
64%
...
No.
3%s
,
/'
32'A
99%
79
4
.
24
96'/a
*14
Q-J
14 3/a
30
*98'/a 100
M-N
953/a
1043/a
102
..
1942,
AAssenting 5s of 1899
AAssented
*103
1943
%
5.
Nov.
95%
*96
M-N
1954
stamped assented
AAssented
A-O
72%
58
65
"v
v.."
No.
3%s
111
105
78
47
65%
" "
No.
Series
50'A
50
—-
——
"
No,
3%s
— —
1023/4
«...
50
1954
6'/2S
(Prov) 4s readjusted
Mexican Irrigation—
1944 (Plan B)—
No.
3%s
,73%
.
No.
3%s
J-D
No.
3%s
.
103
•'V'.v
,1979
'
102%
102%
.
3%s
100
•AM4
*105
J-D
>
102%
——
*102% 105
M-S
1964
1958
;
AJugoslavia (State Mtge Bk) 7s—1557
Mendoza
"
lll'/e
80
72%
A-0
part paid
part paid—.
(Republic) s f 6s series A—1952
Helsingfors (City) ext 6%s
1960
Irish Free State extl s f 5s
J.S60
103%
22
79
79
Stamped pursuant to Plan A
(Int reduced to 3.375%)——1979
External $ bonds of
101
105%
*114%
J-D
7s
Haiti
110
11
102% 102%
J-D
AExternal s f b%s of 1927—1957
Stamped pursuant to Plan A
(Int reduced to 3.375% )
101
104
90'/a
45
100
M-S
1967
1949
1949
7s
113
993A
100
1961
stamped
:o
96
101% 102%
115
166 3/4
98 3A
993A
99
1969
unstamped
A6s
100 3/a
109% 109%
109%
3-D
Arts (Central Ry)
1952
Stamped pursuant to Plan-A•
l
(Int reduced to 3.5%)—1978
8% funding bonds of 1931
A
96%
109% 109%
1978
Stamped pursuant to Plan -A
-(Int reduced to 3.375 %)-—ldte;
103
104%
109%
109
104% 105
M-S
(U 8 of) external 8s——1941
Stamped pursuant to Plan A
(Int reduced to 3.5%)
AExternal s f 6%s of 1926
100 3/4
101
100% 100'A
—-
M-S
J-J
s
__—
100%
J-J
1949
f 6s
7s
101%
1969
(Republic of)
98
1940
5%s 2d series
120
.
F-A
99%
:
162
*99
J-J
1940
5'/2 s
112
m,hm
97%
Greek Government—
1953
s
109
'
A-O
1942
series.*-
112%
7
113%
*99
1962
Customs Admin 5%s 2d series
1st
113
1955
37%
5%s
113%
1942
37%
AExternal
1st series
109
*167%
37%
100
35
1945
36'A
~4
37%
52%
88%
•
*109
36'A
36%
38
52
51%
;
91
J-D
gold
vi
16
J-J
IA Dominican Rep Cust Ad 5'/2 s
§Alst series 5%s of 1926
38
52%
15
1977
5%s
External gold 4%B
104%
66
51%
:» {f
.
97%
35%
1953
External
79'A
77
~2
104% 104%
37
36%
*36% 37%
J-J
79%
77
84
58%
19
97%
35%
1949
IA Denmark 20-year extl 6s
1947
84
81%
51%
.....
M-N
APublic
A
81%
——
1949
5%s
28
'37
1
M-N
Sinking fund 5%B
wks
28
2
?
1953
debt
,
35
:■•■••
1951
7s
18%
*52
F-A
1946
—1947
5s
(Rep of)
23%
29%
.
*23
1901
f $ bonds
external
20%* 29
1960
(Republic of) 5s of 1914External loan 4%s
4'/as
28%
1962
Cuba
NY 1-1693
28%
i960
(City)
Rica
J-D
23%
1961
25-year gold 4'/is
A Costa
J-D
1962
ASinking fund 7s of 1926
ASinking fund 7sr of 1927—
Copenhagen
28%
J-D
1961
AColombla Mtge Bank 6%s
Wertheim & Co.
25%
21%.
28%
30%
1961
1927—
s
28%
29%
1957
(Hukuang Ry) 5s—
(Republic of)—.
3s external
29%
30%
21
J-D
30%
21%
29%
25%
22%
24%
29'A
1981
;
assented—
Chinese
30%
30%
-
24'A
:
assented—
Colombia
29%
M-N
1957
'
;
'
M-N
1963
•#
A Chilean Cons Munlc 7s.
Broadway, New York
M-S
1962
AGuaranteed sink fund 6s
A 6s assented
Members New York Stock Exchange
1961
A-O
A 75
«& 30
1960
AGuaranteed sink fund 6s_
1
125%
120%
1.24
114
Peb
—
A6%s assented
Corporate Stock
114%
J-J
1962
v
95%
100
J-J
M-S
.
957/a
96
194a
External
AChile Mortgage Bank 6%s—
A6%s assented
101.17 102.17
—
78%
96'/a
Va
1948
Sep 1961
_Sep 1961
•1.
—
104
1954
15
AExternal sinking fund 6s
A 6s assented
104.26
104.14
103.26
*105.22
J-D
1977
AExternal sinking fund 6s
a 6s assented
r 102.30 104.14
103.18
J-D
95 '/a
1975
assented-—
A6s
103.16
J-D
96%
_
AExtl sinking fund 6s
A 6s
assented-
103.27 104.3
33
103.11
J-D
102
96%
1961
ARy externai
§
10122
103.7
103.4.1 103.4
103.4
M-S-
102% 103
M-S
102%
21% ;; 30
24'A
30%
A6s
102.30
M-S
J-D
1981
102'A
.
sinking fund 6s
A 6s
A Extl
103.9
103.9
102.31
M-S
1950
AExternal sinking fund 6s—1-1960
102.28
J-D
100
47s assented
-
62%
101
101'/a 102
(City) 8s
(Rep)
60%
'
Jan
AChile
102.31
J-D
104.7
101.'27
J-D
28
104.16
101.4
•70
102.8
3-D
64
65%
101% 101%
3%s
ACarlsbad
61
F-A
-
2%s
107.14
106.19
65
65%
M-S
f $ bonds—
(Dom of)
64%
60%
1958
*
s
65"%
60%
1957
f 4%-4%s„
s
25-year
—
105.7
<■_
f 5s
(Province of)—
external
60%
64%
64%
*63%
—
Refunding s f 4%-4%s
External feadj 4%-4%s_—
-
*107.14
-
f 4y8-4%s
s
65%
•63%
stamped
External
"
65%
64%
:
fund gold 6s
Buenos Aires
65
64%
Sinking fund gold 5s
103
3-D
60%
'
—
-
--
J-D
J-D
—
ASinking fund 6%s;
Akershus
65%
65%
7
104.24
AGtd sink fund 6s——
-.60%
V:
64%
108.10
Foreign Govt.
64%
64
*104.22
Agricultural Mtge Bank
60%
04%
*108.8
120
65
63%
;•
3%s. Series" No. 22———-—•••.
3%s Series No, 23——^—-.
J-D
REctor 2-2300
"63
109.22.
M-S
Telephone
64%
60%
ist..
109.8
M-S
-
High
.60%
w
•114.4
MS-
—
63%
19———.
\,4> 3%s
113.22 115.26
-<"y. ..y
3-D
—
Treasury
111,18
US
—
Treasury
Treasury
Treasury
18
No.
——
103.20
J-D
1954-1950
1956-1959
2%s_—J—
June 1959-1962
2'As—
Dec 1959-1962
2s
—1947
2s__
Mar 1948-1950
2s
.——Dec 1948-1950
2s
Jun 1949-1951
2s
Sep 1949-1951
2s
Dec 1949-1951
2s
:—Mar 1950-1952
2s
——Sept. 1950-1952
2s
-1951-1953
2s—
;
-1951-1955
2s
June 1952-1954
2s_
Dec 1952-1954
2s
1953-1959
l%s—
June 15 1948
l%s
1950
Series
3%s Series No,
3%s Series No.
;
108.6
2'As
;
*63%
17
*103.18
.
2'As
Treasury
Treasury
110.4
10
Low
(Continued) —t
Series No,
*108.4
MS
1965-1970
—1966-1971
-June 1967-1972
Sept 1967-1972
Dec 1967-1972
1951-1953
-1952-1955
2%s
Treasury ?%s
Treasury 2%s
Treasury
110.4
bonds
$
No.'
Hiffh
3%s
100.11
J-D
,-„~1951-1055
1955-1960
Treasury 2%s..-^.----.~~,----1948-195l
Bid & Asked
Lou
Range Since
January 1
Bonds
Sold
br Thursday's
Last
Sale Price
3%s
107.21
Treasury 3s
Treasury 2%s
Week's Range
Friday
Interest
Exchange
Brazil (Continued)
100.11
*107.19
Stock
Period
105.7
3-D]
York
January 1
'
Treasury 4%■
j
•
.
'
RANGE FOR WEEK ENDING APRIL 26
.
BONDS
v
'
■
•
bonds.
Interest"—except for income and defaulted
"and
•
3%
;v,-:' v:IvV^-7::.'vr"
Cash and deferred delivery eales are disregarded In the week's range, unless they are the only traaaeetleaa t'
week, and when outside of the regular weekly- range are shown In a footnote In the week in which they occur*. No account la taken of such salts in computing tha range for the year*
The italio letters in the column beaded "Interest Period" indicate in each ease the month wb*n *h» hoods mature.
NOTICE—Prices
Teletype N. Y. 1-971
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5
16%
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commercial&finAncialchronicle
the
Monday, April 29, 194&
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING APRIL 26
■'
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York
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Friday-
Interest
Exchange
Last
Period
New
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1998
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Last
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or Friday's
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BONDS
'
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•
"
..
High
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-
1
r
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Mexico—• (Continued)—
A Assenting
Nov.
to
1942,
5,
AAssentlng 4s ol 1910
:
AAssented
to
5,
lATreasury 6s ol 1913
AAssented
■
Mlnas Geraes
to
Nov.
5,
15
...
1933
13
12%
—
"5
*40
18%
15
1942, agree
*18%
deb
3s—.
Stamped pursuant to Plan A?
1!
(Int reduced to 2.125% )...20D8
s 16 Vis
iflfift
46
39%
40
104
ioo %
108% 109
131
107%
109
151% 153%
143%
154
104%
104% 106%
103
107%
104% 106%
103% 107%
103
104%
103
105%
105
105
106
10*
107%
196t-
'v 96
96 V
92%
96
96
*102
107%
100
104
105
—......—i»98
4s
July 1 1995
—July 1 1995
a-0
106%
105
108
136
140%
136
Nov
M-N
Atl Knox & Nor
1st
gold 5S
Charlotte
&
Air
...1948
Line
Ry—
.1963
131% 141
*125% 128
124
124
125%
125% 129
126%
131%
J-D
M-N
'104% 107
104%
107
July 1952
m-s
110% 112%
39
109%
113
—19S4
J-D
116% 118%
44
112%
118%
16
42%
46 Va
33%
38%
23
102%
105%
103
107%
105
unified 4%s A
mortgage
46
39%
116%
l
105
Atlantic & Danville Ry 1st 4s
40
—
114
104
Adjustment gold
Second
*41%. 48
m-S
105
152
Stamped 4s—
""
General
44
102%
•'a-Ni-o 100
Atchison Topeka & Santa Fe—
1st mortgage 3%s
Atlantic Coast 1st cons 4s
—
High
100
108%
—1962
debentures
Atlanta
—
January 1
low
9
'
(State;—
1958
:
104
Ann Arbor 1st gold* 4s
..—1995
Armour & Co- (HI):—
1st mtge 3%s series E.———.1964
13%
11%
14%
~2
*24%
M-S
10%
16
10%
15
J-J
ASec external
:
*18"%
J-J
1942, agree
assent
ASec external s 1 6'As
;, i-
10%
1945
Nov.
*12%
3-D
agree
102 %
Range Since
...1969
Co
'General 4s..
..1954
4s ol 1904_
AAssented
104
2030
A Anglo-Chilean Nitfate deb—
i
■
No.
*116% 116%
2% a debentures.—'--..--.—..i.1980 1
^%>debentures
YOrk Stock Exchange
New
Members
Broadway
4%s_.1975
deb 5s
Sold
High
*101% \w
American Telephone 8c Telegraph Co.—
*3s jcjonv' debentures^—^,.1950
PFLUGFELDER, BAMFTON A RUST
61
.1948
& West 1st gtd 4s
Alleghany
T02
...1948
assented.^
warrants
Bonds
Friday's
Bid & Asked
Low
1948
1948
4s
J-J
45%
46
J-J
*33 Vi
35
V
42%
Atlantic
Refining
debs.
2%s
1966
J-J
102% 104%
Stamped pursuant to Plan A
(Int
reduced
AMontevldeo
to 2.125% )—2Q08
(City) 7s
■A6s series A
.
Extnrnn.1-
..
a
1 fis
.
—
.
sink fund 4%s.
F-A
101
101
103
•
.
External
Baltimore A
.
;
yO External a. I
......1958
V
Norway (Kingdom of) 4Via..^..^1956
A-0
101% 101%
101%
103%
M-S
104% 104%
103%
107 V4
104 Vt 104%
103%
107%
104% 104%
103%
1965
A-O
F-a
1970
J-D
sink fund 4%s„__.__lB58
A-O
Municipal Bi,nk extl
Oslo (City)
102
"•
>
•
f 5s
s
104%
-101%
99%
—
101%
*
A Panama (Rep) extl s i 5a ser A.1963
AStamped assented 5s
1963
.
Stamp
;
mod
3 Vis
ext
to
100
Ref & gen ser A (int at 1%
Dec 1.1946) .due
Z
103%
Ref &
>
(State of)
*101%
1967
Ext sec rel 3Vis series B_
APernambuco
*101%
7s_.
J-D
M-S
99%
10
99%
(int
-
to
ANat loan extl
;
1947
M-S
—
—
44
44
4
42
f:
*
;
1£
26%
25%
25%
25%
AConv
46
25%
28
28
A-O
*20%
33
119
25
30%
48
25
30%
20%
J-J
27
AExternal sink fund gold 8s_.,,_1950
A4'/as assented..
1963
J-J
1961
(Int
to
reduced
19%
^ Queensland (State) extl 6s
45
31 Va
32%
6
18%
27
26
35%
19%
24
10
22%
45
;
,
—
43
1
42
..
-
—
43%
•AExternal
pursuant
45
4s
77%
1951
89%
98%
106
89%
96%
76
80
416
101
—
102
37
88%
75%
101
103
1st M
(int at 3%ft
1947)*due_.
1950
146
103%
103% 104%
103
102% 103
101
102%
9
98%
104%
104%
.....1959
104
104 %
3
98
105%
1951
—
stamped
1951
*
Beech Creek Extension 1st 3%s
1951
Bell Telephone of Pa. 5s series C—.1960
Beneficial Indus Loan 2%s
—1950
60
101
104%
102%
104
debentures
103 %
__
132% 133%
*
1956
130% 133%
101% 101%
101 % 102
101% 101%
102%
101%
Bethlehem Steel
42
Cons
45>;
mtge
Corp—
2%s ser I
103 %
103
—1967
104%
108
1970
102% 105%
107% 108%
108
1st M
—.1955
*106% 106%
106%
106%
80
1st gold 4%s series JJ
1st mtge 4s series RR
—.1961
1960
106% 106%
106%
106%
100
100
104
AInc mtge 4%s ser A
tABoston & N Y Air L
July 1970
102% 102%
A-0
*..
A-0
*46%
101%
103%
52%
45
52%
__
41
50
40%
48
F-A
*41
49%
F-A
*41
series II
5s
45
1966
A-0
Buffalo
104
M-N
1950
M-N
1969
M-S
*106%
F-A
1947
4s s f debentures
-.1946
77
*66%
Bklyn Edison cons M 3%s
Bklyn Union El 1st gold 5s
Bklyn Union Gas 6s series A
Gen mtge s f 3%s
A
Rio Grande do Sul (State ol)—
A 8s extl loan of 1921—..
92%
167
93%
89%
42
—2012
Plan
89%
89%
*70%
1953
to
91
*—
f-a
2001
(Int reduced to 2%).
99
103
M-N
1948
6Vis—
sec
Stamped
95
1990
Boston & Maine 1st 5s A C
reduced to 2.375%)
(Int
138
J-J
1952
Stamped pursuant to Plan A V1
"
:
—
*46
..
_?006
8s
98%
24
45
2001
•.•.....r,r..i04g
(City ol)
A Rio dc Janeiro
;:
95
2000
Toledo Cin Div ref 4s A
23
"l
20%
*20%
—
J-D
*1966
2.25% ).
96%
Feb 11960
to Jan 1
1
2%s
APrague (City of Greater) 7 Vis
90%
"
Stamped pursuant to Plan A
t
202
(int at 1% to
due
Con ref 4s
mum-
31%
19%
27
A-O
26
31%
——
A-0
(Int reduced to 2.375%)
101%
95
Bangor: A Aroostook RR—
1968
A External loan 7 Vis—— ..i
45'
90 %
(int at 1% to
Pgh L E A W Ya System—
Ref gold 4s extended to
S'west Div
26%
26%
26%
A-O
t 7s...—.1947
A Porto Alegre (City ol) 8s.
Stamped pursuant to Plan A
S
26%
A-O
-
s
101% 103%
92
(int at 1%%
due—
—1995
1946)
Sep 1 1946) due
44
39
..
J-D
1 6s 2d ser....1961
*'8 A Poland (Rep of) gold 6s
1940
>
A4Vas assented—.——....^.1958
A4%s assented.
102%
1995
"
I
s
AStabiilzation loan
C
ser
Ref & gen ser F
IOO
——
M-S
1959
*105%
—.
M-S
1 6s 1st 3er_.__1960
s
ANat Loan extl
; ; i
104
103
•
2008
2.125%)
A Peru (Rep ol) external 7s..„
:
;
reduced
105
103%
to
Sep 1 1946). due
101% 102
99%
Stamped' pursuant to Plan A
I
gen
Dec 1
Ref & gen ser D
M-N
M-N
1994
RR—
*
to
i'
Ohio
1st mtge gold 4s
July 1948
Stamped modified bonds—
1st mtge :gold .(int at 4% to
Oct 1 1946) due
..July 1948
1071/4
-
-km?
sink-fund extl loan.
;
«120
M-N
.
1QS?
-
11
'125
J-D
1959'
New South Wales (State)--,
:<t
42%
42%
i..
.....1952
..1969
Niagara El 1st mtge 2%s_1975
101
80%
76%
72
74%
104%
21
M-S
105%
105%
13
105% 106
*
85
104
106% 106%
—
*104% 105%
106
84%
106%
105%
107%
106
106 % 107%
107 Va
104%
106%
104 Vi 105%
150
89
92%
64
85%
92%
55'/a
M-N
55%
5
48%
58
Stamped pursuant to Plan A
-
(Int
reduced-to
2.5%)
1999
A6s external sink fund
gold-.
1968
Stamped pursuant to Plan A
'
(Int reduced to
Stamped pursuant
.
(Int
reduced
to
40
45
J-D
36%
44 '
1966
to
Plan
M-N
42%
45
36
40%
(Int reduced- to
2.25%).
Santa Fe external sink fund 4s
1964
M-N
*95% 100
95%
(State)
1957
48
M-N
external
43
Power
.
(Int reduced to 2.25%)—
109
108
70
69%
Can Pac
m-S
55
61%
H ACarolina Central 1st gtd 4s
Northern Ry dcb"6%s
J-J
60
54%
60
68%
78
ACent Branch U P
A-0
A
External sink fund 6s
;
v-;
f
conversion
(City;
102
*120
'
J
22
103%
102%
108"%
121
105%
108%
*108% 109
88 0
90
1945
91
88
88
105%
105% 105%
107
90
'92%
96
99% 108
105% 106%
'
'
91
*93
iy-
3-D
*89
"
23%
29%
22%
33%
78
78
76
84
39%
39%
37
Light 3%s_.1966
108
1st gtd 4s
w.1961
$4Central.of N J.gen gold 5s—.1987
»• *
A5s registered' ——.—.1987
91
*85
*—
F-A
16
A 4s
.
:
,
86%
93%
L.
87
96
Central N Y Power
93 Vi
86
93%
Central Pacific 1st ref gtd
92%
92V4
J-J
F-A
■
74%
30
1959
90
95%
Guaranteed
90
83
83
1st & ref series A
18
21%
14
18
25
v "
17
}•
registered
(4%%
gold
87%
33%
.
44%
109%
100% 107%
105%
.
44%
,>47%
61%
42%
1987
60%
.39%
46
AGeneral, 4s..—..^987
F-a
■'
83
27
——1945
X A Cent Now Eng
1
Af-N
'
79
28%
Central Illinois
..
jf-N-
external 7s..—.1958
1958
116%
100 JJ
,-ARcf A gen 53 series C—...1959
ARef & gen 5 Vis series B_—
'
-
*115;
..1979
A♦ Vis assented
oh
*115
Af-N
37/8-4Vb-4^ extl conv_..-.-^-_.l978
,4-4%-4Vis extl readjustment—^1978
3 Vis extl readjustment
1984
A Warsaw
*17%
F-A
,
\
r
<
s
J-D
F-A
Af-N
($ bonds of 1937)—
External readjustment....
1979
External
}
J-D
1080
3%s-4-4Vi%
114%
119'A
AChktt Div pur: money gold 4s—1951
A Mobile Div 1st gold 5s._—
^^1946
16%
16
•.
1964
A External sink fund 6s—
i
114% 114%
100
100%
118
1948
Nov
{ A Consol I gold 5s—
*15%
.1955
1946
123%
"
15%
Af-N
1958
Sydney /City) s f 5Vis
AD»-uKUh,y (Republic) extl 8s
1st
A let mtge 5s__:
Jf-N
-.1962
vA4Vi8 assented———..—.-1958
;
121
1949
gold 4s
^Central" of Georgia Ry— -
(Kingdom)—
secured external—....—1962
7s.
'
1951
119
122% 124
121 % 122%
121 %
1965
A-0
extl
1956
1981
1940
(Prov of)
*123 % 123%
1963
Celanese
series B
1955
117%
*116% 117%
1946
gtd gold 4s
Corp 3s debs.
61
A 7s
116% 116%
116%
1970
Cart & Adir 1st
54
A 8s
124% 124%
1957
1969
Carolina Clinch A Ohio 4s
-
j.,
118% 125
122
125%
116% 118
321
[Certificates of deposit
64
J-J
*107
deb stk perpetual
Ry
J-J
ASlle^la
108%
106%
Stamped pursuant to Plan A ••
(Int reduced to 3.5% )
^.1978
r
104%
106%
cons
2012
extl..—
4
107%
60
1968
(Int reduced to 2%)
sec
_
121
60
71
2004
dollar loan
Serbr, Croats Cc Slovenes
_
106% 106%
J-J
,
7s
103
J 962
Canadian
Stamped pursuant to Plan A
I
106
98
1974
3%s—
J-J
71
Stamped pursuant to Plan A
a
104
3
108 % 108%
1968'
Elec
65
41
57
J-J
-.-1999
A7s extl water loan
IA Secured
56%
5
102 % 102%
Calif Oregon Power S'/as...
J-J
37%
1936
(Int reduced to 2.5% )
A6s extl
54
60
105% 106
48
Stamped pursuant to Plan A
,,y
A-O
gtd 5s A
Canadian National gold 4%s
Guaranteed gold 5s
Oct
Guaranteed gold 5s
Guaranteed gold 4%s
Guaranteed gold. 4 Vis
Guaranteed gold 4Vis
2012
i•" (Int reduced to 2.5%)
-
1960
1999
2%).
8s
\f,
A 8s
*—
105%
J-J
98
48
40
48
Stamped pursuant to Plan A
'•
A-O
5s__
1950
reduced to
t'i •("
y
...1952
deposit
1955
Consolidated
Canada Soutnern
s fStamped pursuant to Plan A
(Int.
of
89
A-O
42
2001
A6Vis extl secured
"irJi IASan Paulo
M-S
1952
Stamped puxsuant to Plan A
(Int reduced to 2.375%)
t
If---.'
M-N
•'
1934
Bush Terminal 1st 4s
46%
39
2004
p 5 A San Paulo (City) 8s
•
4-1957
California
46%
Stamped pursuant to Plan A
'
at
Bush Term Bldgs 5s gtd
J-D
'
%
(interest
§ A 1st & coll 5s
ACertificates
2004
..1967
...
modified
Stamped
3% to May 1, 1947) due
tBurlington Cedar Rap & Nor—
A
2.25%)
A7s municipal loan
50
J-D
:
:
Buffalo Rochester A Pgh Ry—
2012
2% )—;
A7s external loan of 1926
;
.45
...
58
42%
3s—.i——1974
52
107%
5s. ...........I960
107
108%
107%
gold 4s_1949
107%
110
104% 105 %
104% 107%
111% 112
105
111% 113
"
1949)—
1974
$ A Central RR 8s Banking Co— "
5s stamp (partial redemption )..1942
to Aug 1
*49
48%
50
49%
Railroad and Industrial Companlet
JAbitibl Power & Paper—
§A5s
series
A
stamped
—1953
J-D
1948
Af-S
1947
J-D
Adams Express coll tr gold 4s..
Toll trust 4S of 1907
....
10-year deb 4V4S stamped...
109
*
108% 109%
*104%...
*102
..
••»
105%
109%
104%
102Vi
105%
103%
101%
Ref A impt M 3Vis series E
Potts Creek Br 1st 4s
R A A Div 1st
1946
F-A
Great
Southern
3 Vis
1967
M-N
100
100%
*104% 108
100 /:
Alabama
Aiabama
Power
1st
3Vis
104%
1972
J-J
105%
*108%
107
1081/2
100
'
For
footnotes
mtge
see
page
2317.
—
Champion Paper A Fibre deb 3s—1965 (i
Chesapeake A Ohio Ry—
/
General gold 4Vis
—1992
Ref A
105%
38
103% 106
gold 4s
M-S
148
149%
144
151%
..1996
—
cons
105
M-N
106% 106 %
105
107%
^..1996
impt mtge 3%s D:
2d consol gold 4s.
j-j
F-A
105% 106
104% 107%
1946
1989
.—1989
j-j
*100
..
J-J;
*129% —
j-j
*124%
—
»
135
135%
CHRONICLE
COMMERCIAL & FINANCIAL
THE
Number 4485
.Volume 163
NEW YORK BONO RECORD
RANGE FOR WEEK
ENDING APRIL 26.
>>
'fo'f
'
Kear York
'
,
Interest
,
Last
Period
Exchange
Stock
A-O
,
B—-W-3-1977
FtA.
(convj*——^1997
B——1985
»
■
6i Erie. 1st gold 5s.—,..,,.,.1982
Chicago, Gt West 1st 4s series A—-19BR
AGen inc
/
'
•
mtge-.4%s_-——Jan.l 2038
f Chicago* Ind
ARefunS^g
/
•
& Louisville By*-*
ea^er
*
,
-
r
,
A--vw——194*
J-J
J-J
Refunding gold 5s series R—1947
AR,efunding fceeriee 0,^^^9475? *
A
"
Alst.dfi gen 5s-series A^.,
—i960
A lot St gen 6s series R—„-May 1966
;
.
--
8014
»
—
—
70%
—
E—.
ser
127%
124%
124 %
7.5/
103
8;
103'/a
*—
104%
11
27
103%
95
275
98
95
100% 102
..
■;:/
104% 104%
103
104 y8
—
103
.
106%.
103
106
102%. 106
'.
102
■
106%,
QWo DIV 1st; mtge 3 y4«;—
83
117%
5
•'"
95
Inc 4J/2S series A.
mtge 3'As
.
'■■■' .(V'■
r
;;
15
124% 124%
101% 102
,
10.
106% 106'A
106%. 106
125%
118^
Firestone Tire & Rub 3s
26%
^Florida East Coast
107% 110
f
^
'A 1st &'ref
i
105%; 105%
98
107%
k- 80%> 96%
•
\
-f;
-I'
•
91
10
104
100
4%s—,
90
80
„•
7
81
deposit-
104
Francisco Sugar coll trust 6a-
88%
106%
■■'■■■'if
98%
iv
106 Va
"
1st
5s series Ad
,7 ACertificates. of
7
»7>.
'deb—L
lAFlorida Cent!&.Peninsular 5s,
Certificates of deposit—
L
30%
107
Gaa-A Elee of Berg Co cons 8s____ 1949
,,
General. Realty
Utilities. Corp—
inn debs—1969
A4s', cony
;•
'tAGeorgifc!& Ala- Ry 5sJ
J-J
:
Certificates of
Oct, 1.1945
deposit.
,
.
627<105
.
IJAGa Caro & Nor 1st ext 6s_.
397
—
Goodrich
—
'
J-D
J-D
——1951
3%s—
Gold
-1951
Memphis Div 1st gold 4s-
•
--
'Great-Northern Ry Co—
General 5'/2s series B—
* 104% 108
J-J
J-J
—
Gen
11
99
J-J
—
M-S
105%
1943
t§AChilds Co deb 5s part paid
—
1952
4s
J-J
J-J
1962
com
1st & ref 4%s series D
A-O
—
"
§ADebentures 5s part paid—
t A Choctaw Ok & Gulf cons 5s~,
1957
1952,:
Cine Gas & Elec 1st mtge 2%s
Cincinnati Union Terminal—
1975
—
A-O
Af-N
A-O
F-A
F-A
3%s series E—
1969
1st mtge 2%S ser G
—1974
Cleve Cln Chic A St Louis Ry—
General gold 4s
—1993
1st mtge gtd
j
r
61
—
Greyhound
J-D
93%
92%
95%
211
J-J
—
91
92 %
13
St L Div 1st
coll tr gold 4s
1990
M-N ~
—
*110
Cleveland Elec Ilium 3s„
jw
Cleveland ti Pittsburgh .Bit—
1970
J-J
—
M-N
F-A
.
—
,
Colorado & Southern Ry.—--
Columbus & Tol 1st extl
—
-
i
-
A-O
A-O
A-O
A-O
*104%
*106%
—
—
'
—
1
.106%
105%
114% 116%
10744108' ^
106% 106%
105-• 106 ^
-
7
11
22
96
1047A
106'A
104'A
104
104
103% 104
103%
103% 103%
103
—1969
.-1669
110'A
110 »A
-2015
inc 5s series A
108% 110%
110'A
Finance
149
140%
—
*102'A 103%,
Corp 2%s
84%
*112%
72%
36
72%
72
1st gold.■
*
103%
103 ' 103%
A-O
M-S
106%
F-A
"
106% 106%
110% 110 %
116
116
—
53
74%
J-J
—
1st
108%
—
'
—
-85%
112%. 113%
72%
80%
—
75
39%
104% 108%
1981
7'",.n.,.ihi, I,■mil,,10*1
—1951
105% 105%
■
•
-
104% 104%7
—1951
sterling—1951,
.1957
Refunding 4sl
^
.——1955,
1st gold 3s
.
29
1
2
3
108% 108%
*111
112%
*106% —
•'
Purchased
1
lines
!
3'As_:
103
104% 104%
102
104% 104%
100'A
105%
104%
107% 107%
105%
108%
96%
91%
—
1966
:
—-1950
Litchfield Div 1st gold 3s.
.1951
Louisville Div & Term gold 3'As.l953,
Omaha: Div 1st gold 3s
195L
St. Louis Div St Term gold 3s
1951
Gold 3%S—
———-1951
Springfield Div 1st gold 3%s—-1951
Western Lines 1st gold 4s
1951
Cairo Bridge gold 4s
1965
A-O
——,-1948
3%s debentures——-———1950
3%s. debentures——;
—,—1958
lAConsol Ry non-conv deb 4s—1954
ADebenture 4s—1955
ADebenture 4s—-————195"
Consumers Power 1st mtge 27/8S—1973
A-O
A-O
J-J
Consolidated Cigar Corp 3%s
debentures-
J-J
J-J
J-J
M-S
—
105%
19
101%
103
15
101%'-104%
104%" 106%
*104% 105
—
Consolidated Edison of Ne,w-York—
3%s
104%
.
—
—
—
—
—
105%
101% 101%
101% 102%
104% 105%
*—
65V2
*—
65
*—
65
105% 107%
4
67
'65
67%
—
104%
56
Registered
76
111 Cent and Chic St L & N O—
76
Crucible Steel 3%s s f
-1965
debs—-——1955
5%s——1942 .
receipts———-—^
lACuba Northern Ry 1st
ADeposit
1952
ADeposit receipts.————
A7%s ser A deposit rets
1946
A6s ser B deposit rets
1946
ACuba RR 1st 5s gold--——
,
J-J
J-D
J-D
105
—
—
—
—
J-J
—
—
—
J-D
J-D
497/a
—
104% 105
103
103%
*59
62%
49
50%
83
83
*49% 52
49% 5050% '50%
45
5
'
1st & ref 4 y2s series Cl
1st ref
102% 106
103
104
57%
59%
26
46
50'A
6
83
86
44
48%
i.
4
1
49'A
48
1963
1963
1963:
Illinois Terminal By 4s ser A
1970
xna-lll & Iowa 1st gold 4s—
1950
tAInd & Louisville 1st gtd 4s——1950
Indianapolis Union Ry 3'As ser B.1986
Inland Steel 1st mtge 3s series F__1961
^International Great Northern RR—
i
A 1st 6s series A
L
1952
A Adjustments 6s series A—July 1952
'
A 1st 5s series-B
—1956
A 1st gold 5s series O-i
i
1950
lAInternat Hydro El deb 6s—
1944
Joint 1st ref 5s series A_£
75
108%
■i
-Continental Baking 3s debs_
—
91%
*
53'A
*102'A
102 ya
—
105% 105%
*102%
—
*101% 105
106% 106%
*103%
—
106
—
*105%
103.
101% 102
101
102%
104
106% ;
—
*106 %
102%
105% 106%
.
105%. 105% ;
99% 103%
99% 103%
96
97% 100
96%
105% 105%
96'A
*105%
—-
92'A
117
103
117/
107%
82%
45%
Paper ^5s series. A=&
1975
Dayton Union Ry 3'As series a—-1965
1965
extended—1963
Lack & West RR Co—
N Y, Lack & Western div
1st & ref M 5s ser C.
1973
Income mtge due
——1993
Morris & Essex division
kJ- ■' .Coll, tr 4-6a——
4—May 1 ^042
Delaware Power & Light
1973
Deere &
54%
97'A
102
98%
102 aV
107% 107%
92
77%
93%
92
102
*103%
104%
106%
103% 105'A
Co 2%s debs—
Debentures 5s-i
—^—1955
Int
__
104'A 105%
Delaware & Hudson 4s
Telbp- & Teleg
B-——-.1972
deb gold 4'As—.1952
Int Rys Cent Amer 1st 5s
106
103'A
?
99%
103%
105% 108%
100
103
101% 103
101%
105% 106%
105
103%
106%
08
106
Dayton Pr & Lt 1st mtge 2%s
:
B—1947
.1955
98
76%
>
Ref sink fund 6s series
96%
106%
117
—
Interuat
100
106%
105% 106
104%
«
53.
97
105 'A 111%
-
mtge 4s ser D
103%; 1087'"
; 106%
105% 106%
-1952
.Collateral trust gold 4s*——r1953
Refunding 5s
:
;
1955
'
25
106% 107%
Collateral trust gold 4s——
-
•
104%
104%
100%
80
85 %
gold 3'As—
1st gold 3%s-
40-yenr4%s_
F-A
J-J
F-A
150
100 V*
149
*103%
Extended
Af-N
mtge 3s series L»——1977
Conn Ry # L 1st & ref 4%s1951
Conn River Power s f 3%s Ais-——1961
105%
Illinois CentralvRRr—
•
l§t
103%
102%
Illinois Bell Telep 23As series A
..
,
1047A
106% 106%
104
1959
:
17%
i
-
-
debs—
14%
14%
14y8
—
1961
3%s—.—1970:
4s——-1958
Corp 3s
,
82
*75
—
1980-
gold 4S—1948
Commonwealth Edison Co—
107
104'A 107
2000
13
109%
109
-
1948
1950
Cleve Short Line 1st gtd 4<%s1981
Oleve Union Term gtd 5%8—1972
1st 8 ft 5s series B gtdi——1973
V
1st 8 | 4%S series C—
—1977
Columbus & Sou Ohio El
104%
104'A 105%
1990
1970
Hudson Coal 1st s f 5s series A—1962
Hudson Co Gas 1st gold 5s—
1949.,
Hudson St, Manhattan 1st 5s A^—1957;
A Adj income 5s
;
-Feb 195T
Household
*130
—
J-J
Columbus & H V 1st extl
104% 105%
——1977
Hocking Valley Ry 1st 4%s
199r
ISAHousatonic Ry cons gold 5s—1937
6
115
115
—
J-D
(stamped modified)
140%
134%
110 &
Gulf States UtU 3%» series D.
'
1991
>4%s
108% 108
108%
Gulf Mobile & Ohio 4s series BL—1975
5
.26
1977
Columbia Gas & Elec deb 5s
127 %
31
1993
.
136 Yb
133%
ADebentures ctfs B
>•
11
Cin Wab & M Div 1st 4s
•■f- Series C 3%s gtd
-Series D 3%s gtd
122%
140
132 7A
ser O
1st & ref 33As series D_
113% 113%
105% 106%
105
—
107
Gen mtge
89%
106%
—
105
112'A
105
1
Ref & impt 4%s series E
?
121
140
'AGreen Bay & West deb ctfs AL———
J
61
60%
108%
110'A
19
33
108'A
104%
3
9
111% 112
105
105%
61
--
107
General 5s series B
„
121%
mtge 3'As ser N
7 Gen mtge 3'As
—
121
1973
General 4%s series E
5
107%
108% 108%
108% 108%
1963
1963
2%s ser G
Chic & West Indiana
'
98%
Station—
1st mtge 3%s series F
1st mtge
107
—
1994
2%-4%s
Union
102% 103%
*102%
General 4 %s series D—1978
—1994
1st & ref M 2%-4'As
Income
Cmcago
—7
*114
r
—1952
General 5s series C
i
.
Chicago Terre Raute & S'eastern Ry
,
1934
^Certificates of deposit——
tB F) Co. 1st mtge 2%s.l965
Grays-Point Terra 1st gtd 5s
-1947
~
—
—
—
^
%
i
tow: High
132'%
349
88
87% 92%
-ACertificates of deposit———92
lARefunding gold 4s
.—1934
A-O
62%
61%. 66%
I A Secured 4 %s series A
,.1952
M-S 1
66
65%. 69%;
A Conv gold 4%s
.—I960
JW-N
36
33% 36%
Chicago St L & New Orleans 5S—195L
J-D
—
*108% -
■,
.99%
-
cons,
c6—
cons mtge 3%s ser-F__.
1st con? mtge, 3% s ser G
1st cons 2s ser H'J
1
69% 69/2
f
F-A
partial redemption—.:
.1927;
tChicago Rock Island & Pacific Ry—
A General 4s
—
,.1988
25%
94
185
91
96
106% 106%
93
Range Since
January 1
No.',,
..i Low High
;
__
1st
v
357'
■
J-J
J-J
Gei. mtge
104 Ya
-99
25,
-
Railroad
1st
J
105% 105%.
98
100
80'A? 86%
105'A-,
J-J
Erie
88
69%
1U
165
; .4
1
'
106 Va
•/
—
Bonds
Sold
126% 127%
m PasaAs S W 1st 5s——,
5s stamped—.
;
Empire Gas & Fuel 3%a
99%,. 103%
—
.*110%
—
J-J
J-J
1st"mtge 4s ser A—
.^——-1.1994
mtge 4%s inc ser A Jan 1; 2019
4%s conv inc ser B—;
Jan,1. 2044
Chicago & North Western Ry—
r
2nd mtge conv inc 4%s__Jan 1 1999
1st mtge 3s ser B
--—:
1989
tlAChicago Railways 1st 5s stpd
Gen
,
,
J-J
'
103%
17
30.
20% 21%
25% 25%
21
25'A
*
J-J
Chic Idilw St Baul A Fac RR—
.
J-J i
Bid & Asked
-V
119%
L—
131%132% ;
123% 125%
116 118!
'
Week's Range
or Friday's
Friday
Exchange
64%
117%
Il9^v. 119?/a 119^ ;.
>9.
—
103 JA 104
33
101
99% 101%.
^ 157v
;/vl;
„•
69%
69% 73% . v;.
49.
—
i
102% 104 ....
21
— ••*..
*140..';,.-- • »
•
96%
96
96%..,.. 17
72%
70%- 73% -Y>%.76?,;
131%
124
.116 ,
<
N-N
Chicago Ind & Sou 50-year 48—1956
;•
54%
342
:
Stock
High
li6%;il9%
!
York
'
Low
.
J-J
t-s..
JH-N
M-N /
J-J \
'
J-J
<
■
Chicago
f.
■
v
;
1st mtge 3%s aer
,
.
F-A
•
;•
..
Last
Sale Frico
* bonds
January 1
Sold;
No.
58%61%
59%
.
Bonds
'/ 119y»v
F-A
1st,4?' fef mtge 3 y8s
rH.——*,>.1985
1st & ref mtge 27As
——1970
/Chicago & Eastern 111 RR—
:
AGeo mtge iac
Bi,d& Asked
Low High
New
Range Since
^
J-J,
iv
,
,,
«..
;
4tACLlcagO & Alton RRrefr 3«^—1949
Chicago aurnngton & Quracy RR—
General* 4s...,^.L——-^^.;^1958:
'or Friday's
Sal* Price
'
.
...
1st A raf 4%a series
Week's Range
Friday
BONDS
Interest
Period
vV'r
102%
*103
—
107%
Delaware,
James Frankl &
•
tpenveit# Rioi Grande RR*~
•
-
103'A 105'A
65%
110%
"
Kanawha & Mich 1st gtd gold 4s—1990;
Kansas City Fort Scott & Mem, Ry-—
8 A 1st consol 4s
—1936
' SAConsol gold 4%Si_L——,1930
IDenver & Rio Grande Western RR—
AGeneral s f. 5s—
JL959,
.
Clear 1st 4a——1959
Steel 3VcSa—.196!'
Jones. & Laughlin
•
107% 107 Va,
si
—1936
8 A Refunding. gtd 4s
ACertificates; of deposit
Kansas City
'
-
AAssented.
—
ARef.<Sf impt 5s
Detroit Edison 4s series F^.—1969
Gen A ref mtge 3%s series G—1968
Gen Jit ref 3s series Hi—.,——1970
Detroit & Mackinac 1st lieu gold 4s 1995
ASecond gold 4s—
—1995
Detroit Term & Tunnel 4%s—1961
Dul Miss & Iron Range Ry 3%s
1962
tSADU Sou Shore & Atl gold 5a
Duquesne Light 1st M 3%s'
Bast Tenn Va & Ga Div 1st
Ed FH Hi
(NY)
,,,,
;• Elg.i.
Jfliet & East Ry
For
footnotes
see
3'As
page
1937
,1988
59.^—1958
1st cons gold 5s
\uto-Lite 2%s debs
El»>
1st mtge
series^B——--1978
1995
1950
,1970
2317,
106% 106%
106%
107% 107%
106%
107% 109
107%
71
71
51%
51%
120
120
107% 107%
47
49
105% 106
Southern Ry 1st
4s ser A
103%
63%
4%s—-—1961
«—.-^1961
1961
Plain
unguaranteed
i—
1961
Kings County El h Ss P 6&-t>.^-i-»,yl997
Koppers Co 1st mtge 3s—
1964
tAKreuger St Toll 5s ctfs
—1959
45%
4%e-
117:
105%
47
104%
121%
157
.
102%
106%
Lake Sh & Mich Sou gold
3%s
registered,
3%s
1997
—1997
104%
104% 107'A
City Terminal
Kentucky Ss Ind Term
Stamped
83'A
107'A
80%
3sj.—1950
1975
Ry 2%S—-1974
Kentucky Central gold 4s
1987
Kansas
85 y«
105%
.
122/
(
122
65'A: 72 /
108% 108%
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, April 29,
1946
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING APRIL 2«
BONDS
New
York
Stock
!'.(y
Exchange
Friday
Week's Range
or Friday's
Interest
Last
Period
Sale Price
.
Lautaro Nitrate Co Ltd—
A 1st
mtge income reg
Coal & Navigation
Lehigh
S
F
mtge 3%s
.1978
Deo
A-0
73»/2
106 Vi
'
73%
-
Low
<
V£:12
106Va 107
.1954
F-A
;
F-A
:
stamped
98%
—1954
F-A
1950
J-J
.2003
.2003
*
—
98%
98»/4
*96
—
.2003
"
;
modified.
4%8 registered
5s stamped modified
1st 50-yr 5s gtd
5s
4s
gen
WM
93%
4s
■
.
series
:\y
\
94
;•
■ c.•
93
86%
48
91
93%
30
54
53 V*
49%. 51
'
57%
„
53%
Af-N :v<
557/8
56%
53%
54
64 %
;
64 %
59
65 % /:
80
3s
.
.
'
ref M 3%s
series
ref
ser
M
27/8s
60%
V?.n 46
deb
4s
1
A
<
1947
:
.1955
54%
63%
66
62%
66%
62%
68%
74'/a
.^131
84%
43%
86
67%
71%
1948
71
86
Light 1st mtge 2%s_1975
73 %
gold
120%
J}AN
1937
4%s
1946
1966
120
103
107%
■ii-:
107 %
T
A Gen
mtge 5s conv inc
2014
Norfolk & Western Ry 1st
gold 4s_1996
North Central gen & ref 5s
1974
j.
Gen & ref 4%s series A
1974
118%
103 %
120
104%
106%
;
106 %
103
105%; 1,05%
111% 112
F
2003
2003
101%
1980
105 %
1st mtge 4 %s
series
A
—1998
Northern Pacific Ry prior lien 4s
1997
registered
1997
Gen lien ry & Id gold 3s
Jan 2047
/ ■/■ :.;;v 3s'
registered—.^—.2047
105% 107%
110% 113%
K/iv. 4s
101% 103%
105 Vb 105 y8
100%
105
102 y4
105%
Ref 81 impt 4%s series A
Ref & impt 5s series C
118% 118%
1951
118
119
Ref
&
2047
2047
impt 5s aeries D
trust
2047
4%s
1975
Northern States Power Co—
1st mtge 2%s
———H)74
Central RR
1st
mtge &
4%s
coll
4s
1st mtge 2%s
(Wise) 1st mtge 3%s
A—1960
ser
B
ser
86%
1954
Manati Sugar 4s sink fund..Feb
11957
AManila RR (Southern
Lines) 4s
1959
Metropolitan Edison 1st mtge 2%s.l974
Metrop Wat Sew
*§AMet
West
& Drain
Side
El
5%s
(Chic)
Ref
&
Cons Gas
f§AMidland of N J 1st
28%
A 1st guaranteed
4s
Ohio Edison 1st mtge 3s
104% 104%
x
88%
RR—
'
88%
Oregon-Washington RR
lien
ACum
4%s
adjust
series
5s
D
series
95%
101
101%
89
96%
A
& ref
General
A 1st
&
92%
Pacific
114%
A 1st
&
ref
AConv
1988
;
5s
gold
series
G
1st & ref gold 5s series H
1st
ref
5s
2000
Constr M
5s
1st
1991
gtd 3%s
series A
Gas
Electric
&
'
110%
110% 111%
110% 111%
104%
104
—
82
90%
-
26
105% 110
16
107-
24
107% 112
'
-
105
258
;
112
104
.106%
102% 105%
102% 106Va
—
25
4
■
25%
106%
103%
104
25
106%
26
22
-100% 107%
103% 104
108%
104
101%
104
105 y8
101
101%
100 % 100%
100 %
101%
105
J04%i'107%
105
105%
1940
ioo%iooy«
1970
;108% il09%
107%
1971
&
ref
L
&
ref M 3s series M
108
1974
1st
1979
M
3s
series
1st & ref mtge 3s
Tel
&
Tel
Paducah & 111 1st
ser N
2%s
104% 107%
195b
1960
105%
105
58.1949
cons
noy*
107% -111%
107% 111
;
1985
f gold 4%s
s
109%
V 110 Mi
107%
1977
debs
Paterson & Passaic G A E
3%s
111
:
1U
:
103%
—
3s
74%
89%;
72%
1952
Pennsylvania Glass Sand 3%s
1960
Pennsylvania Power & Light Co.—
1st mtge 3s
—.1975
102%
69
conv
Gtd 4s series E trust ctfs
94
106%
80%
; 83%
f
s
debentures
——..1965
Pennsylvania RR—
# Consol gold 4s———^...1948
4s sterl stpd dollar
May 11948
; i
Cons sinning fund 4V28__
..I960
1Q5& J07%
1947
A'-.)..!'-k&'r'>rb<:
inc debs..———I960
Pennsylvania Co—►
102%
1955
28r
106
101 y2
Pennsylvania-Central Airlines—
100
1988
<
106% "108%
Co—
Panhandle East P L 3s B
106
1955
Mountain States T 61 T 3y4s:
Mutual Fuel Gas 1st gtd 5s
'
100%
3s ser A—1960
,
46%
89
1966
1951
Constr M 4yas series B
85% :, 94%
:
100%
91% >102%
1958
Morris & Essex
57
-
*100% 103
91% 103
1981
Moh'k 8t Malone 1st gtd
gold 4s
Monongahela Ry 3y4s series B
Montreal Tramways 5s ext
Morrell (John) & Co 3s debs
103
37
1980
series I
115% 122%
92%
89%
106% 106%
1980
Pacific
103
92
1949
A
/
' 102%
.
91%
1978
5%s
88%
133%
127%.
*100% 103%
1st
51%; 64 y4
1977
A
&
93
1978
5s series F
*85%
143 y4
132
118
1940
1st Si ref mtge 3s series J
1st & ref M 3s series K
h
5s series A
•
1946
1st & ref mtge 3%s series 1
98%
104%
Jan 1967
4s
ref
>i.. ^
;ty
1948
Pacific Coast Co lat gbld 5a
Si
IMlssourl Pacific RR Co—
A 1st
138%
84
96
1978
A
^
106%
73
1962
Prior
135%' 143
V
117
88%
59V8 "*71
-
'V
101%
1962
B
1975
Guaranteed stpd cons 5s
,
Prior lien 5s series A
40-year 4s series
1948
1974
mtge. 2%S--—..—1975
Oklahoma Gas & Electric 2%s
Oregon RR & Nav con gold 4s
Ore Short Line 1st cons gold 5s
..
*107y4 108%
1940
*110
: 100% 103%
v
ZOgdensburg & Lake Champlaln Ry—
26%
109% 109%
5s
19
46
124%
..
49
42 V
—
-118
106%
'?
100
109%
v'-v,
*140 ^£4,'
*131%
118%
V
64%
141% 143
;
97 '
32%
108
75
108%
103%
Minn St Paul & Sault
Ste Marie—
A 1st
mtge 4%s inc ser A__Jan 1971
AGen mtge 4s inc ser A
Jan 1991
Mo Kansas &
Texas 1st 4s
1990
Missouri-Kansas-Texas
75
105%
1979
ext
103
$
61
'
32%
96
101%
*100%
1952
V,
42
27
1
1964
*26% ; 27%
1981
103
-
61
75
39%
101
\
-
.——1975
103%
mtge 3%s_1969
1st
87%
1st
3%s
103
141%
64
—
<
46%
109
108%
■?.
1
•
100
43%
107»/4
104%
,;
5
40
109
.
90%
102 y4
*65 y8100
*103
4S..1938
•
..
44%
—
106%
86%
105%
7
21
,
15%
102%
'•
21
89%
96
108% 108%
1950
impt 4%s series C
Michigan
82
101
93%
,
Michigan Central—
Jack Lans &
Sag
1st gold 3%s
87%
*102
n
>97
111
11%
i-.2
64.
40
—
Ry Co—
106%
120
64
General
4%s
General
5s
series
A
111%
,104%" 105%
104
113%
102%
102%
67
•105%
104
14
105% 108
104% 107%
20
105%
105%
107
106
119/.
106%
127
—
128% 130%
105%
131%
1978
National Dairy Products
2%s debs_197o
Steel 1st mtge 3s
—1965
t ANaugatuck RR 1st
gold 4s
1954
National
Newark Consol Gas
tANew
5s
1943
cons
AConsol gtd 4s
New
103%,;,
—
106%
—
104% 105%
-
1945
England Tel & Tel 5s A
1952
1st gtd.4%s series B
N J Junction RR
gtd 1st 4s
New Jersey P & L 1st
mtge 3s
New Orleans Great Nor
5S a
N O & N E 1st ref
&
1961
«
——1980
102% 103
112%
97%
106
as
§ANon-cum inc
A
Certificates
A 1st
A
5s
A
series
A
1st
N Y
of
&
3%s
&
Ref
3%s
series
River
fit
series
ser
A
Connecting RR 2%s
Dock
108
106
106
10
104%
107
104'%
107
103 %
105
debentures
—...1963
1st s f 4s
of deposit
1937
1964
Pittsburgh Cine Chi & St
Bejies E 3y2s gtd gold
142
f
104% 105%
4
3
'
104% 105%
*103% 104%
*106.
106 y4
137
131
19
—
—
:
-142
135
1051/4 106'A
1949
F
4s
guaranteed
Series G
4s
20%
22%
17%
18%
2
104% 104%
47
97
18
26
17%
104
21
105%
cons
117%
122%
H
cons 4% a
cons
1957
—
guaranteed
123
1963
123
.127% .134'%
4%s__l964
"126%
130"
1970
133 y4
1975
134%
142
mtge 3%s ser E
1975
105 %
109
Pittsburgh
3V2s
Pitts
ser
B-.1975
7 951
—
—~It965
2043
B
—2043
A
1973
—1973
2317.
Steel
106
106
107
1st
105%
106
103%
105%
101%
98%
102%
mtg* 4%s series B
1959
101
101%
98%
102 y4
1st mtge 4%s series C
1960
100% 101 */4
98 %
102%
104%
106
106%
104% 104%
103% 104
103%
104%
103%
104%
jkPittston Co
105%
107
Potomac
*116
118
*115 --'"-.U
118
,
*st
1st
A
1st
105
105%
127
127
*127.
1977
5% inc deb—
Pwr
105 Va 105 Va
127
1974
4%s series D
El
1948
.1962
M
.1964
3y4s.
*117%
—
*100
1966
*113
102:
*105%
1977
mortgage 3V4s—
127
—
■
99
102
106 A
113
109
t A Providence Securities 4s
—1957
42
117
42
t A Providence
..1956
108
108
108
111% 112
109
115%
117
90
97%
VI19%
96
103%
Terminal
4s
Public Service El & Gas 3%s
1st & ref mtge 3s—
1st
& ref
1st
Sz
mtge
1968
1972
ref
8s
-
108
—2037
mtge 5s
250
>
45%
108
112%
160
2037
107
113
32
118%
115V4
94%
103
Pitts Young & Ash 1st 4s ser
1st gen 5s series B
1st gen 5s series C—
107%
■
'
119%
93%
103
1st 4%s series A.
:
101%
111%
104%
104% 104 V*
105%
109%
104
100%
105% 105%
105%"*
106
1950
103%
103% 104
101
W Va
103
106
4%s
mtge 4%i series B
105
109% 109%
107 7/8 107 %
mtge
—1965
1950
1st
106
1st mtge 3y2s_1964
Consolidation Coal—
debentures
138 V*
1958
1st
Pitts &
1
1975
5s series A
Pittsb Coke&Chem
1999
Il980
page
1960
mtge 5s series B.
2000
see
1953
guaranteed 4s
Gen
1999
Y Lack & West
4s series
4%s series B
J
gold
Gen
1998
4s.:
Louis—
guaranteed
Serijs
Series
1997
Mtge 4s series A
footnotes
104%
A Certificates
—1998
1st
For
5
54
107%
106
Gen mtge
lien & ref 3y4s series
E.....1960
Y Gas El Lt H &
Pow gold 5s
1948
Purchase money gold 4s
..—1949
N Y Si Harlem
gold 3y2s
series
1071/8
series
Phillips Petroleum 2%s debs
N
4s
107
■
tfdison 3l/4S series D
Mtge
108%
1971
,
2013
D
Y
N
105%
—
2013
El
Y
N Y
13
..
..1997
Louis—
N
gold
106%
..._1998
3y2s
N
1st
135
106
B
*106 "
1st gold 4s—
series
gold 4%s
'
Chicago &
mtge
135
1901
ser
Wash
Series
Mich Cent coll
gold 3%s
3%s registered
Ref mtge 3%s
1977
Co coll tr 4%s._
Electric 1st & ref 2%s
deposit,
registered
York
C_
1954
Lake Shore coll gold
3%s
3%s registered
New
104% 104%
142
>!
5s series C_.
Hud
83
1st & ref M 2%s—————1967
1st and ref 2%s
1974
Philip Morris Ltd deb 3s
1962
:
Il950
impt 4y2s series A
impt
Y Cent
94,
1974
Bait &
ii Series „I
Central RR 4s
Ref
106%
1980
Marquette Ry 3%s
5s
3s
deposit
5%s series A
Ref &
N
87
64
——1950
A Certificates of
;
105%
6
13
D
1954
Certificates of deposit
4%s series D
Certificates
& Pekin Union Ry
—
Phila
deposit——II
5s-series C
•104% 105%
87% 88
4s——...Jtpr 1990
fjAPhilippine fly
B
of
.
.41 v-..'-124' "128%
r: 133% 139 y2
70
125 y2 135%
Philadelphia
deposit
A 1st
A
107%' 111%
A Income
General
& Mexico Ry—
series A
1931
of
Certificates
A 1st
.
5s
111%
105% 107%
General
108
108%
107
15
Phila
107% 110
107%
39
Pere
118
1952
135'/a
107 %
,
,
1974
1141/4
1974
125%
107
; 105% 105%
.
126%
5y2s
127%
118
22
Peoria
103%
111%
125% 130%
Peoples Gas L & C ref 5s.———194?
105%
125%
1984
Peoria 8s Eastern As ext——I960
.;
127,% .127%
New Orleans
Term 1st gtd 4s—1953
tNew Orleans Te?
110
112% 113
:
—.1983
imp 4%s
106%
99%
/
138%
125% 130
av4«
.
1952
Gen mtge 3%s ser 7———1989
105%
103%
1981
series
Conv riwh
/
106%
107%
103% 104%
*1081/4
,
103
103%
.103% 105
1948
England RR gtd 5s
105
104%
124
1968
Gen mtge 4y4s series E
Chatt 8s St L 4s series
A
1965
B_
General 4V4s series D
Nash
■...!
$
21V4.'26%
10
105% 105%
:
:
1940
1943
106%
104% 105%
:
81
108%
10O
104% 105
—
67%
41
89
■
"
W;h34%:- 50%v
:v
696
106
'
88
....
"
Niagara Falls Power 3%s
:
104
r
..
75
': 67% ':. 83
.V; 84
98
'
20
12%
78
78
•
,';A 203
:".v,-jl21
24
11%
104%
63%
60
,
7
22 %
75%
62%
"
41
•/
47
75
- ■59%'i..
40
;:■£
108% 110
24
1963
5s
1st gold 5s
Y West & Bost 1st
Norfolk Southern
,
v:
108%
1993
i:. A Terminal
107%
■
v-V;
67%
1965
1A General
% '•
44%
1937
92
136%
,
77%
60%
•
.
•A.:!'v'45 A'
60
*5 AN Y Susq & W 1st ref 5s
5 A 2d gold 4%8
62%
62 %
'
" V.
60
1st cons gtd 4s
N Y Queens El Lt 81 Pow
3%s
N Y Steam Corp 1st 3%s
Coll
Maine
High
65%
—
1957
sAist & ref 4%s series of 1927
1967
tAHarlem River & Port Chester— '
1st 4s
1954
f AN Y Ont & West ref 4s.__June 1992
A General
4s
1955
69
52
2
63%
...—.1940
N Y & Putnam
36
10
.1956
3%s
lACOllateral trust 6s
A Debenture 4s._.
60
66
1958
Debenture certificates
deb 6s_
49%
66
■>—
.
AConv
>.
9
156
118 V*
G—
Bt Louis Div 2d
gold 3s
Atl Knox A Cine Div 4e
4
i':W* 59%
N Y Power &
107
Louisiana & Ark 1st 5s series A.—1969
Louisville Gas & Elec 3%s
i960
Louisville & Nashville RR—
let &
60%
—.1954
4s
65
83%
1963
1st &
60%
3%s
deb
95
133 y2
1951
debentures
1947
deb
ANon-conv
51%
1949
1
3%s
193
1949
'*■•< v.v
•-
January 1
Low
deb
87%
88%
.
1962
Lorillard (P) Co deb 5s
Range Since
Sold
No.
ANon-conv
99 V.
1949
—
:
•'**-.< v
Bonds
High
4s...
94
3-
1951
A
4s
stamped
■
*.
Friday's
deb
99%
-L&i
'
98%
3
1965
Guaranteed ref gold 4s—
;
or
Bid & Asked
ANon-conv
98%
Lehigh Valley Terminal Ry ext 5s_195i
Liggett & Myers Tobacco
Miami
;■
ANon-conv
101%
95%
82%
__
Af-N
.2003
.2003
•>
98~
100%
91l/4
;
stamped
Little
Sale Price
low
'
1:
82%
V ;
AT-N
registered.
Long Island unified
Last
Period
76%
104% 107
—
98%
--
gtd 5s
Lehigh Valley N Y 4 Vis ext
Lehigh Valley RR—
4s stamped modified
v.»*
98%
T.;V;
Leb Val Harbor Term
Lex & Eastern
Week's Range
Interest
Exchange
High
66
6
*101% 102
.1964
stamped.
5s
Friday
Stock
ANon-conv
-
•
1st &. ref sink fund 5s
4%s
No.
York
v.
.1970
stamped
4s
,
1
bonds
.
New
January I
,■
ref sink fund 5s
5s
v
High
\
•
Range Since
;
:
1st & ref sink fund 5s_
6s
73%
£
Lehigh Valley Coal Co—
1st &
Low
-p,
,
Sold
tN Y New Haven & Hartford RR—
Co.
A
ser
:'4
%
r
Bonds
Bid & Asked
110%
:
165
-
250%
,
V-X
'IK
'Volume 163 ^Number'4485
THE COMMERCIAL &
2317
FINANCIAL CHRONICLE
NEW YORK BOND RECORD
*.•
:££•
BONDS
,
V
Last-
-
■Low
—1964
Quaker Oat» 2%s deb_
Sold
Bid & Asked
104
J -J
Low
Louis—
Terminal RR Assn of St
105%
104
•
Ref
2yas series D
Texas Company 3s deb
M-N
J-J
Copper & Brass 3V«S
i960
IIARlo Grande West 1st gold 4S..1939
A 1st cons & coll trust 4s A..
1949
Rochester Gas & Elec Corp—
• ,
nevere
v
Gen
Gen mtge 33/4S series H„
Gen mtge 3%s series IGen
mtge 3V<s series J
If AR I Ark & Louis 1st 4%s
MS
IA Rut-Canadian 4s stpd
__
108 %
*109 v*
MS
1934
63
•
19
£
J-J
—1949
1941
SIARutland RR 4%s stamped.
">108
..
MS
MS
J-J
Pac Tenn RR of New
24
Bt L'awr St Adir 1st gold 5s
2d gold 6s
v
—
Bt L Rocky Mt & P 5s stpd
J-J
J-J
38t Louis Ban Francisco Ry
.APrlor lien 4s ser A...—..—I960
ACertificates
:
of
A Certificates
of
*
Electric Co of Mo 3%s... .1971
1975
M & coll tr 2%s
56%
bond
4s
a 2d
certificates
4s inc bond ctfs
.—..Nov 1989
IA 1st term & unifying 5s
AGen & ref
118% 119
118%
62%
-41%
90%
J-J
100
J-J
40%
Bt
1971
A-O
1989
Union Depot
V
ft N E
3y«s B
gtd 4s
1st
ISeaboard Air Line Ry—
JA4s stamped
A Ctfs
of
A Ctfs
of
|ARefunding 4s—
A Ctfs of
a ctfs
A 1st
cons
series
A
1948
:
57
■.
H
Air
Line
RR
.
3
57
.
55
,
61
60%
54
—
„
61%
:
;
69
80%
9
69
81%
78
69
81%
105
5
105
105
107
110
Warren RR
*1021/4
www
--
—
100% 100%
100%
•
JJU_
12
86%
|
99% 101%
105:
80
Westchester
J-J
1961
F-A
Skelly OH 2%s debs
Socony-Vacuura Oil 3s debs
1965
J-J
.1964
1963
J-J
South St Nor Ala RR gtd 5s
<<r
'.'■M
"
'
'
104'A
103
$•!
A-O
5
74%
741/4
74%
.
1979
vin% 1I2
a05%107%
111%
J-J
1985
F-A
23
;
fi
;
107 ' V
'J
A;>
f,'t J -ij
:
•
Western
109% 112%
■104:7 108;
A. 3%8
Terra
Pacific
105
105%
lf*K
104%
1071/2
106% 107%
RR
27/eS
ser
105%
104%
109%
106
106%:
94
.
21
106% 106%;
A-O
1950
.
105%
102
114
104% 1051%
Af-N
1st 4s
102%
138
1051%
M-S
j
'
<r
/ju.'
._?/. \ >
'r.Jv-,.
Registered
103% 106%
99% 1021/4
J-J
1986
95
99% 100%
99%
J-J
E-.—..1986
Southern Ry 1st cons gold 5s
Devel & gen 4s series A_
St
1994
6s
Devel St gen 6Mas
Mem Div 1st gold 5s
1956
gen
139% 140%
■£J-J
Vft A-O
1958
12
105%
48
136% 145
104% 108%
21
1171/B
105
105%
1201/2 122
•];
'<• a-O
123%
128
1996
J-J
1351/2 135'/a
3
121%
126%
1951
J-J
108% 1091/2
28
107%
109%
1985
A-O
105% 106%
65
103
107%
Southwestern Public Service 3yas__1974
M-N
106'A 1061/4
10
1061/4
106" 1/4
z\8pokane Internal 1st gold 4%s__2013
Apr
F-A
57'/a
67%
1968
1961
J-D
St Louis Div
1st gold
4s
Southwestern Bell Tel 2%s debs
Stand Oil of Calif
2%s debs
Standard Oil N J deb 3s
Oil Corp 3%
Sunray
58%
5
105'/4 105%
15
101% 1021/4
52
57%
102
J-D
►105%
1956
M-N
►105%
1961
debs
M-N
1959
Superior Oil 3%s debs
Swift St Co 2%s debs
.
8
121% 122
121%
A-O
1958
..—.2361
t A Wisconsin
Central 1st
and deferred delivery
lootnote in the week in which
a
sales are disregarded In the week's
: ACertificates of
f
Wisconsin Public Service
Deferred delivery sale
not included in the
*STOCKS
New York
Friday
Curb Exchange
-
the Bankruptcy Act, or
•Friday's bid_gnd_
106
ABonds selling
AND
ACF-Brill Motors
V/ire
A
warrants
8%
Ilia
—
—3
common
Co——
F
D
Co
.
—
,
7%
26
.
5%
Aero Supply Mfg class A
22y4
' 9
;
'
29
1,700
'
260.
,
400
6
100
22'A
.
11%
7% Apr
Apr
21
Feb
:! 30%; Jan/
13%
5% Jan
Jan
23 y2 Mar
Apr
B
7
Air
Investors
Convertible
Alreon Mfg
'
18%
18 y2
....
6%
18%
18
./•5%
common
preferred
7'
7,800
3,900
t"
20%
500
19
5%
;
Corp
.50c
13
preferred
..10
16%
...3
Alabama
Great
Appliance
Southern
.50
—
;
12%
14%
16%
18%
17,600
1,300
8%
,1,000
140
'
8
129
129
130
*
13%
& Fisher common
ADcs
AUied
13%
■
100
*
Int'l Investing $3 conv pfd—
Products (Mich)
-10
Altorfer Bros
23%
5%
Feb
Feb
Apr
Feb
Feb
>;
6%
56%
57%
v
150
Ltd
Book
J~a~n
American
Jan
American
9%
Jan
Convertible
128
Apr
133%
Jan
Class
Feb
Class B
footnotes
see
page
2322.
•
common
Co
;•
103%
102
90
85
39
103%
106%
107%
*103
123.
120
.85%
86
•
52%
.
52%
*1097/a
91
83
109%
103 %
104
106%
108
104'A
—
105%
117%
£
122 Va
.
90
83%
172
87%
84%
;,56;
37%
48
,53%
36 V2 ,• 51
53 :.
106% 107
-
94 %
«86%
5
89
*..- ■ -
':
106%
J-J
:
1 04%
♦
A-O
.
~5
103%
106 y2
i
108
109%
*108% 110
M-S
102
58
83
83
109
97
.
10
86%
102
J-J_
108 Va
•-106%
12
r
; io9'.>vii»./;
—
Mfg
Central
1
100
1
American
14%
Jan
American
48
Jan
American
Fork
62% Mar
American
Gas
Apr
109%
12% Mar
15
Mar
such companies.
- /
being transacted during current
e Odd-lot sale
range, r Cash
'
week.
4% %
outside the regular weekly range are
f
' 1' ,
Sale Price
class
80%
113%
,
.
shown
199%
&
common
Electric
•
10
.100
preferred
Shares
80%
Range Since January 1
Low
High
83%.
7,500
^ 63%
>K:;:High
113
Mar
21
Jan
23%
24
25
200
1,050
50
4%
4%
4%
16%
16%
17
53%
53%
700
116 %
110
4%
57
"
Apr
•*
Feb
121
Apr
23
300
196% 199%
83'A
Jan
2,750
113% 114%
113;,? 113
25%
Feb
26
Jan
Jan
199%
Apr
Feb
113
Apr
5%
Apr
76
Mar
1,000
16%
Feb
Apr
22'A Jan
Feb
Jan
55
150
50%
50
50%
700
47 Va Jan
ll1/*
10 y8
llVa
25,700
7%
Jan
'11%
Apr
59%
57%
60%
5,700
47%
Jan
61%
Apr
3'/8
2%
3%
7,500
1%
Jan
5%
A
Hoe
Sales
for Week
25
24
A
&
Week's
Range
of Prices
Low
Cities Power & Light—
i
For
108 »/4
*
Jan
119 %
v
;://■ 95%
95%
86%
Last
25
25
1
Cyanamld Co common
10
& Foreign Power warrants-
Apr
Jan
410
547
95% 101/ :
M-N
Friday;
-//'-/• / •
Curb Exchange
American Beverage common
17%
48
/
P*95% 101
J-J
preferred...——100
22%
13% Mar
Co common
Aluminium
Mar
•
194
York Curb Exchange for the week beginning on Saturday
the Curb Exchange itself, and is intended to include every
common—.————•
6%
preferred
100
Aluminum Goods Mfg
—
—*
Aluminum Industries common
*
7
Feb
fa
102%
101
week, and when selling
Aluminum Co
11% Mar
40
101
MS
Par
14% Mai-
115
preferred
Allied
21
105
Alabama Power Co $7 preferred
$6
V5%
102
-
97
y Ex-coupon.
/K-'iv-p'S:.:
American
Electric
convertible
200 •'
7%
Jan
Jan
15> ' Jan
.10
Air-Way
60c
:
5%
16%
J-D
.
101-
357';
year's range, d Ex-interest,
Under-the-rule sale not included in the year's
High
'
Class
Ainsworth Mfg common
Air Associates Inc (N J)
n
Range Since January 1
25%
Jlf-N
A-O
£ .104 ; 116%
101'/a
1021/4
M-N
7
101
V 101
MS
£\.
Ill
•■'
152
1107/a 113%
-i.
..
securities assumed by
asked prices; no sales
-r-S IOCKS
New York
:
107
A-O
May
109
52
110;.::
107
1071/a
107
7
108%
: 108
J-J
1171/4
106%
U
106%
106.
:
115%
106
117 r
.
J-D
26
RANGE FOR WEEK ENDING APRIL
Low
J-D
RECORD
YEARLY
\
High
104
flat.
they are the only transactions of the
computing the range for the year. •
•
Sales
Shares
Low
104 V*
102 Va
103 %
EXCHANGE
for Week
of Prices
Sale Price '
Par
Acme
-
Week's
Range
Last
b8 Va
104%
\
not Included In the
year's range,
range unless
/:/;3::
64%
not
sale
§Negotiability impaired by maturity.
tThe price represented is the dollar quotation per 200pound unit of bonds. Accrued interest payable at the exchange rate of $4.8484.
ICompanies reported as being in bankruptcy, receivership, or reorganized under Section 77 of
a
Included in the year's range,
In the following extensive list we furnish a complete record of the transactions on the New
April 20 and ending the present Friday (April 26.)
It is compiled from the daily reports of
security, whether stock or bond, in which any dealings have occurred during the current year.
:
1968
1971
3y»a
103 %
1
*103
J-J
Wisconsin Elec Power 3%s
110%
.106
20
*i04Va
4s_..—194S
4s—1936
y 100
30
F-A
...—I960
102%
103% 103 '/a
65
65-
F-A
M-S
99
93
107 7/a
107
Q-M
,
102
97
102%' 1061/4
100 % 100 %
:,1
107
J-J
deposit.J
106
No account is taken of such sales in,
they occur.
1992
deposit
I ASu & Du div St term 1st
105%
..
[
of
104
__
WEEKLY
NOTICE—Cash
1
89
15
113
,
135%
1051/4 1071/4
101% 105%
105% 107%
w.
104% 105
1949
Wheeling & Lake Erie RR 4s
Gen & ref M 2%s series A
Wheeling Steel 3V* series C.——1970
Wilson & Co 1st mortgage 3s
1958
NEW YORK CURB
in
:
97%
V-.
1951
2361
guaranteed
...
ACertificates
Devel
'.t1
.
Westinghouse El & Mfg 2!/ss_.
Winston-Salem 8 B 1st 48.
Co—
series B.—
1st mtge
•.
106%
104
260
105'/a 106%
1969
Fran
Southern
105%
..........1981
Gold 4 VaS
Gold -4 Vis———
Ban
M-S
—1960
30-year 5s
West Shore 1st 4s
1977
—1968
1966
1952
A—2014
—,.1——■
Western Union Telegraph Co—
Funding & real estate 4yas—1950
25-year gold 6s———....u—.1951
t'
Southern Pacific Co—
1st 4%s (Oregon Lines) A
Gold
Li
99
95
95
1027/8
Called: bonds
:
104% 107%
6
.104% 104% /
..*129%
;
A
debentures
3s
99
1027/a 104%
112 y8
106%
33
122 Va
109
8
111
AT-S
series I
Maryland 1st 4s
Pacific 4%s inc ser
Western
105
102
25
:
Southern Bell Tel & Tel Co—
2%s debentures
101% 104
102.
105%
73%
78
68
ioi% 101%
J-J
1941
104
122 %
,V';
109
-
A-O
—...—.1967
3%s
Gen mtge
108
105
33
v
25%
West Penn Power 3 % s
1954
47
,.y 3;
..
112%
112
409
A-O
1970
1955.
1st ref gtd gold 3%s—2000
Central Ry 1st 4s
1948
Terminal 2%s ser A—1970
Ltg 5s stpd gtd
1950
Washington
90%
19%
32
20%
105%;
19%
M-N
If A8ilesian-Am Corp coll tr 7s
F-A
Ward
Washington
178
82
84
.
■
Shell Union Oil 2%s debs.
~2%s sinking fund debentures
106%
103%
j**'7 ~
:i'
104..
'a—.1Km-'
Apr
Baking Co 5V2S debs
(subordinated)
Warren Petroleum 3y4S
F-A
Seagram (Joseph E) & Sons 3V4&-1965
104
•
Apr
1971
1955
mtge 3%s ser B
Walworth Co 1st mtge 4s
1st
-
2
75
•
__
•;
w
32
.75
74%
—
y-v
•
•
112
M-N
Jan 1981
AGen mtge Inc 4J/4S ser B_.Jan 1991
76
,74
.
:•'/. 75
M-S
—1938
:
v,
J-J
mtge 4s Inc ser A
AGen
75
WH:# •••>' ^
•
,1st mtge 4s ser A"Wi——
..
Wabash RR Co*--—
Co—
Gen mtge 4V2s ser A wi
IA Seaboard All Fla 6s A Ctfs
104 y*
103%
•
104% 105%
:
1995
105
MS
of dep
—
Seaboard
1958
5s
cons
Virginian Ry 3s ser B
125%
53
57%
..
L
104%
"107y2
106
103'A
..
•115'/a
—
MS
129%
118
—
*55
(Guaranty Trust).—
dep (Chemical Bank)—
IJAAtl St Blrra 1st gtd 4s—.—1933
ACertificates of deposit
£103% 103%;
*114%
M-N
1957
-
127%
120
127
*119
A-O
ACtfs of
65
H'"-
F-A
series A—1958
A-O
1st
106%
122
*119
,
;■
107%
106
'(•> \V ■'
M-S
63'%
105%
40
V;
:
\
103 %
132% 132%
A-O
.——.1959
91
54%
55
,
41
v;
103'A 103%
>;X> fi
\
MS
Virginia Electric & Power Co—
1st & ref mtge 2%s ser E
1975
Va Iron Coal & Coke 1st gold 5S..1949
Va & Southwest 1st gtd 5s
2003
98%
114% 114%
61
105 Va
!;r/;
;;T04A 104%
103% •
,106%
F-A
1950
34
;
104 %•
102%
v
.
- "
V
97% .102
27
io6y8.io6y8
dep (Chemical Bank ).—
6s
debentures......
Universal Pictures 3%s debs.
120
86
14
..
.58%
58%
—
dep (N Y Trust)
of
A Ctfs
F-A
—1S(50
dep (stamped)
dep (unstamped)
"
J-J
land grant 4s.—.—. IPA*.
.1976
&
2%s
103%
15
34
104
*103
'; 'M-
-
Cons s f 4a series B
93
6
M-N
Paul
RR—
Vandalla RR cons g 4s
'lis#
3
-
,101%
.100
-
J-D
Bcioto
1970
debentures
521/a
91
*112
gold 43-1968
25A8t P St K C Sh L gtd 4%s
1941
cons
debs../.
52%
33
98%
98 %
112%
107
104
34%
/
'77%.
3
661
46
J-J
1952
1990
gold 5s series A
Bt Paul St Duluth 1st
M-N
103
109%
15
106'A
& :104%
A-O
J-J' w
J-D
h
1st,
v *
1988
110
—
102%
78%
61%
46%:
40%
:
—
104%
100%
102'A
3
*109% ill
Af-N
1967
2%s
73
60%
ISt Louis-Southwestern Ry—
1st
102 %
A-O
Union Paciflo
73%
6
155
58%
63
41%
43%
MS
74
103
110
*109%
1945
y
100 V*
97%
56%
366
60
57%
61
A..——.—1978
101%
51%
100
M-S
■
ACertificates of deposit stpd..,.,.....
l05Va
88 Va
103 y8 103 '/a
Union Oil of Calif 3s
99% 101%
-
60%
deposit—
ACons M 4'/2s series
98
'
6
—
57
57%
j-J
104%
136
769
74
68
*100
tSAUnlon Elev Ry (Chic) 5s
'iol% 102%
;:4
96
*101%
.
58%
J-J
1950
i
lOO^s'
98 »/4
..
deposit....—.
APrior lien 5s series B
*94%
—
—
A-O
i52 ya
106
U
101% 101%
J-J
1947:
1996
1998
1958
.
152
98% 101%
.
108
142V4
103%
7
■
V
1st
Bt Jos & Grand Island 1st 4s—
100%
MS
Buff 1st gold 4s._1946
1st gold 5a—1949
27/8s debs—1961
,
146
20 V*
Union
,
105%
74
19%
105%
21
1:74
J-D
Tri-Continental Corp
26
109
103%
J-D
Trenton Gas St Eleo
61
18%
137%
106'A
*105%
J-D
income 5s
Jan 1960
Tol St Ohio Cent ref & lmpt 3%s—1960 '
109 %
129%
6
.,103% 105%
-
Orl 3%s_.1974
i960
A Ad]
108%
4-
19
21%
>
103%
J^l-v;
A-O
108%
,..
High
62
.,146
J-J
108%
23
Low
.-V.
:
,105% 106
M-N
J-D
Third Ave Ry 1st ref 4s—
Toronto Ham St
\
65 %■
'21%
—
Pacific-Missouri—
Texas
•
r
—
uo3A
January 1
104 Vo
104
A-O
-
125%
125%
'125% 125%
'
115
75'.87%
'
—
104 V*
107
X
75%
M-S
105%
103
19
107%
107
/
A-O
1977
1967
1967
—.1969
mtge 4%s series D
107
101%
29
102 Va .101% 104
*104 Va*
m-n
D—1995
Range Since
Sold
No.
High
106'/4 108%
%
106
A-O
1958
iv 3a debentures—
.1961
Texas & Pacific 1st gold 5s_—2000
Gen & ref M 37/8s ser E
1985
R
ser
Bonds
*135
J-J
—2019
1985
Imp M 4s ser C
&
Ref & Imp
Reading. Co 1st & ret' 3Vis
Sale Price
High
Low
"
10
104
Week's Range
or Friday's
Bid & Asked
Last
,
Period
January 1
No.
High
Interest
Exchange
Stock
York
New
Range Since
Friday
BONDS
v
Bonds
Friday's
or
Sale Price
Period
ENDING APRIL 26
Week's Range
KAy/£v, Friday A
Interest
Exchange
Stock
York
New
RANGE FOR WEEK
KM:
23
46%
112
23
46%
24
49
111% 112%
250
51%
Apr
Jan
J art
21>/4 Mar
26%
Jar
49%
Apr
Jan
5,300
x40%
Feb
.175
110%
Jan
.
113.
THE COMMERCIAL & FINANCIAL CHRONICLE
2318
.
-
.
§§|
,
Monday, April 29, 1946
NEW YORK CURB EXCHANGE
RANGE FOR WEEK ENDING-APRIL 2.6.
> "
v.
"
York Curb
New
Last.
Exchange
Sales
Week's ■;
Friday
STOCKS
for Week
Range
Sale Price
*
;'
V.
Friday '
STOCKS
0icli, exehangn.
a
,'
Range Since January 1
Shares
of Prices
.
,VU„ v;
Lask
v
Sales
Week's.
Range.
"
'■
-
Sale Price
for Week
of Prices (
.
Shares
■i:S Rang? Since January 1
'
•)
to,m
Hard Rubber
American
American
Laundry
American
Potash
Class
Bi
American
preferred
$6 series preferred
Thread
Writing
20 %
:
5
5%
Ohio
Apr
.Feb
Central
Pow
Central
8t
35%
Apr
46
Jan
20%
20%
41
Post
Name
-
.2.^
preferred
48%.
100
21%
9,800
iv
Corp
-
47
158
107/8'
10
2%
44 2%
800,
38,800
2%:
.J',4-'..44C'V' ••-'"''V'"'I
(
/;
6%
7%
.1,000
11%
11%
43
2,100
6%
11%
4,200
60%
*
2Vi
11%
Jan
62
58
9
-■
Jan
121
Chicago; Rivet &;Mach__
'
65
Apr
Jan
r*i-
7%
-dY
12%
V-V
**v:: •')&
Consolidated
Feb
$6
..
..
:
34%
*151
•
——
$6 preferred BB
class
6%
A
18
12%
L—
46,,
6%
6%
7%
>
Oil & Refining Co
Associated Electric Industries-
1
10%
23
12%
1
Feb
16,100-
7%.
5%
FeU
Associated Tel &Tel class. A
12%
21
Atlantic
Coast
Atlantic
Coast
Line
Co
2%
■
;
17%
18%
700
17% Febi
47
48%
300
38
Avery
6%
preferred—
Ayrshire Collieries Corp
Mar
8
Aluminiinfr TTtenali, f?nPlow
Co
14%
common..
"5%
Development ordlnazy
Fire
(new)
Jan
Apr
10Q
Feb
25% Feb
26% Jan
Biscuit
Consolidated
:
Co..
Gas
Utilities.
•
53-
57?
52
39% Feb.
5,400.
Apr
57
i
.
Baldwin Locomotive—
.
5
"Y;
3%
r
x-
>
18%
19%
800
88%
8
85%
1
36%
Consolidated Steel Corp.—
•
Consol iTexttie..Co——u——w^.106
Continental Fdy & Machine Go—'
1
Rubber Go
de
los
Steel
Barlow
&
Basic
(L)
A
Beck
(A
Tel
of
Benson
Shoe
S)
St
1
20%
9%
«
...
9%
10%, Jan
Mar
Feb
12
8%' Jan
•
8,800
15
20%
10%
1
Corp
1,400
17
30%
7
'
...100
2:
•
„i,
preferred
Apr
18%,
30%
37%
15,100
30%x31%
7
• 7%
2,000
21% Jan
.,1,600
?
,10
165
Jan
27% Apr
37% Jan
—
5
400.
—
40%
•
—
40%
140
.15,400
5%.:
5
i
•
f
12%
12%
13 %
1,500
47
40
47%
2,050
30
Jan
26
25%
29% Feb
6% Jan
56%^Jan
(E W)
$3
Bohack
7%
(S)
(H C)
27%
3,700
23% Feb
5%
5%
6v8
3,6,900
*
56%
55%
56%
5% Jan
55
Feb
I
—
common
Si Co
*
,
Co common
—
59%
143%
100
Inc
>
40%
12%
14
27%
29
37
'*■ 12%
14% .Y
s
1
Cent
Petrol
Crown
Cork
Brillo
■
•.
Mfg
Class
Co..
Co common—.
,
-
British
American
Oil Co.
British
American
Tobacco—
Am
Amer dep rets ord
..
.
__
'
__
6%
22
34
28%
28%
28%
100
25
Class B
A
preferred
Apr
Apr
t
$5 prior preferred.
fE L)
Bruck SUk
.
Jan
,
.
4% Jan
14% Apr
&
37/a
775
3% Mar
14%
9,700
33
Jan
68% Jan
102% Feb
12% Jan
59
66
5,700
100
66
100
10
9% Jan
28Apr
44
Jan
100
Jan
5,300
8% Jan
—
—
10%
11%
45
10%
45
41
14%.
15
24%
23
26%
—
Sullivan
14%
2.50
—
,2%
•
2,800
12 %c
9%
8%
9%
12,300
42,700
13,600
_25o
16%
14%
16%
5,50q
5%
6%
4%
.5%
Jan
19
Apr '
Jan
15%
26Apr
4
Feb
12% Jan
Mar
18% Mar.
2% Mar
8% Feb
7% Mar '
1,000
Burma Corp Am
dep rets.
Burry Biscuit Corp.—
Butler (P H) common
45
13
100
•
Mar
16% Mar
—J
Ltd
Buckeye Pipe Line—
Hill
3%
2%
2%,,
/
\
-
■
16%. Apr
Sugar
California
Callite
Tungsten
Fire
Canada
Bread
11%
......
13
Corp
Co,
..
9%
Ltd
..
6%
29
50
3,900
•
•
250
..
r
-'Zj
Jan
Mar- -1
4
Apr
Apr
33%
' 28%
52
9%
7.900P
.
..
250
;
10%
30% Jan- '
""25'--:JMar
-
8%
Jan
Yp
16%
200-
Feb
:
"
—
I
16%
17% *
500-
.
-
conv.
86 prior preferred
debenture.,
,
6%
Gasket
ft
u-
rTT
Mtg—
preferred—
Gray Iron Foundry—
Detroit
Co
Detroit
Mich
Stove
Detroit
«
—
,
Steel
Products.,.,—
De Vilbiss Co
1%
common
_.
common
prAfarrotl.
,j:r:t,
Diana Stores Corp.
Distillers
Am
dep
Co
...
Ltd—
rets ord
reg.
Divco. Corp common——.—-——..
Dobeckmun Co
common
Domestic Industries class A com
Dominion Bridge
Co Ltd
Dominion
Steel
Dominion
Tar
Dominion
Textile
&
;
Coal B
Chem
&
Co
Ltd—,.
Co
,,,,.,i.
Harris Co
11%
'100
13%
3,500
10:
1,000
u
:
Ltd
Co
^•vV.V-4^'
'
-18%-Jan-
5,900
.
6%
Feb
IViUAf
Dunlop Rubber Co Ltd^
Am dep rets ord reg
£1
Hosiery class B common—,*
Duro Test Corp common,
.1
Duval Texas Sulphur
*
3,700100
4
4
pfd—,
Power—.
Insurance
Canada Cement
550
Jan *
14%
Durham
Estate
Electric
Camden
6%%
:
Wireless—
Calamba
13
6,700 r' P
60
-
24% Mar;:
2% Mar -I
.
6,900
-
,
"
Duke Power Go
Voting trust certificates
&
18,300
1*900 v
■■
\
10% Apr
12,400 :r
•
20%;
8%
32%
2JS0
common
Mo
Driver
American dep rets 5 %
:
100
30
28
Jan
37% Feb
common
Draper, rv>rp
Cable Electric Products common^
Cables
Inc
(Mo)
Derby Oil & Ref C"T
7% Jan
28% Apr
11%
«
1
common
Co common
Mills
;
21% Apr
24% Jan
14%
—
Brown Forman Distillers
Brown Rubber Co
Dejay Stores
Detroit
3%
i
53
L
Jan
4%
^
V.
5
Dennison Mfg class A common
Jan
25%
.
37% Apr
14% Feb
3% Feb
5% Mar
'
100
W.V >■«»<'''r>*,~
20% i
4%
,!,.,„!T;.
Davenport Hosiery Mil]?;—..
Dayton Rubber Mfg class A
Mar
Feb
5% Apr
2,100
.
f
,
Feb
21
6%
Bunker
Feb,
21
__
6%
Class
:
23% Apr
__
...10s
Brown Fence & Wire common
Bruce
..
__
'
.
J
Jan
*
31%. Feb
5%wFeb
31
Feb
12% Apr
20%. Feb
Columbia Power class A——*
British
3i%\Apr
Y27%; JaA
7% Mar.
—
Mar/
Jan
—
.w
._
—
-,
-
reg
65
Jan
33
Feb
;
-
dep rects ord bearer.^—
Am dep rets nrd'-reg.
British Celanese Ltd—
-
Jan
10,200
.\
.■
1
Apr
21% Jan
4% Jan
»
,
65
150.
1,100
8,200
11
12%
—'
preferred^—
„
f
\
8
Lighting
29%
12
Apr
^SlP '-'JanP-S
.
P
400
8%
f- 30
Curtis Mfg Co
22% Mar.
31
■
33-
1%
6,500
19
8%
it: 20
*■
10 >
common..—
Curtis
,
21 ; Mar
—
Cf 17%
8%
;
3 %
18%
25c
common
Refining
39% Jan
200
.
"
•
Sugar..
2,000.
5%
18
8
<vwi«w<m
52
•
A.-u..—
.
39
500
1,700
10% P
33 •■%;•:
convertible: preferred.——.28
$6
Feb
47
14
11%-Apr
40 :4
39
,V«3
■
Tobacco
25%
5%
i
(Md)
3%
1
International Aw
r
Apr
39
Apr
6% Jan
Jan
26
6%i
31%
18%
'
f
85 Va
Jan
-300
7,800 Y
,
10%
5
•
:
Crown
Oil
Jan
Feb
12% Jan
Jan
6,900
-
.
37%
?
31%
1
w-—
Crowley Mllner. & Co
Crystal
"
2,600
62%- J
60%
••,
5% -v; e
15V2
(ord reg)_£l
;
Atlantic
28%.
5%
l
Bridgeport Gas Light
Bridgeport Oil;
70
Brewing Co
Crosley Motors Inc
Cuban
48
,
5%
8
Feb
135
60%
—
'Mar
45
50
dep receipts
Petroleum
Crown Drug Co
2%
1%
-
.
preferred.
Cuban
28%
—
& Pwr._
Aeronautical
Brewster
60
1%
common.
x
;
Jan
9V2
18,300
.
109% 109%
•
■?
'24% Jan
25%
34
500
37% p:
12%
~
j
25%; Jap.
8Q0
700
,
■;
•
1
J
24%
v'24%
27 %v
27%
•
;
,350-
143% 144%
Borne Sorymsef Co.——28Brazilian Traction Lgt
Breeze Corp common
36%
r36
,
•
1st preferred
Bourjois
250
.1
common
optional oopvertible preferred
Blumenthal
20%
Croft
;
48% Jan
20%
common
American
Creole
9% Feb. '■•?
184
Apr
34% Jan,
40% Jan
6 ' Jan
21% Feb
16% Feb
i
Feb
71% Jan
22
Jan
4% 'Apr
1,600
Courtaulds Ltdia
37% Apr
x31% Apr
''
-
Feb
9% Jan
5,050
Reynolds
convertible
Y 1-27% Apr
Jan;
,lVy .< S■46
Apr
112
2,300
,
Blauner's
:
5%
Apr
Feb
9
'
..L.——i
Petroleum
Apr
% Jan
42
Jan
5
$6 preferred A_.
'•
Feb
Bickfords Inc coipmon
...
1
Birdsboro Steel' Fdy Si Maoh Co com..*
_1
Y
101
108 y4
85%
13%
:.80
'•
Jan
-0m
common..
preferred
Canadian
Class
Industrial
A
15%
non
Capital, City
Feb
2L'A
Jan
4%% prior preferred
Jan
lb%
Jan
6%
3%
Apr
4%
Jan
Eastern
Malleable
Eastern
States
6%
6%
A
11,100
33%
50
27%
Carnation
Co
P
(J
Casco
Castle
(A M)
Corp
280
pfd
cofn
Co
47%
America
footnotes
see
35
Jan
34
Jan
20
Jan
;?29
Apr
52%
Feb
Jan
ll7/s Mar
¥
22
Central Maine Power 7%
Jan
Feb
30
117
& Co
of
68
$5
Products
W)
600
61
common
& L
Carter
29
/
32%
——
16%
pfd—
page
2322.
23%
47%
49%
400
16%
17%
5,800
1,300
17% Mar
68
Apr
117% Mar
preferredIron
Eastern
13%
120
Jan
Jan
Jan
38
82
79%
'400
51
Feb
81%
Apr
42 V2
Jan
3% Mar
300
76
104%
Feb
37% Mar
2,600
80
Jan
Jan
65
25
77;
Mar-
69
Y
68'; Mar:
v
5
Jan
fv35'>A" Apr
80.%
Apr
Sugar Associates—
$5 preferred
—
Easy Washing Machine B
Economy Grocery Stores—
51
Apr
Electric
17%
Apr
$3.50
120 y4 Mar
38
8:
Jan
97%
700
2,500
'
———
1
•.
L—*
~
34%
:: :■■■■■'•■
81
80.
.
8
2,600
-
79:
3%
Corp.
$7 preferred series A
$6 preferred series B—
Apr
23% Apr
;:;i4%
7
100% 101%
—
1
~3%
33%
Products.
Co. class
&
For
400
"3 Va
Class B
CataJin
■
voting
Canadian Marconi...
Carolina
16%
15%
13%
voting
•
Class B
Carman
'
East Gas ft Fuel Assoo common.
Alconoj—
Bond
ft
Share
pfd formerly
common..:
$5
$4.20 pfd. formerly $6
;
1
—*
.*
50
,
12%
12
"
:
37
51
800
13
2,100
350
.37%
25. Yi:"
23%
26
70%
70%
71
74%
73
74%
?
47,400
50
56%
Jan
11% Mar
14%
Jan
25;
37%
Apr
26%
Apr
18%
500
v'■::$
Apr
70
1,500
73
%
Jan
Jan
5
1
;
12% "Jan
91
118%
38
28%
^i-llir_ ^ r
>j>
Coio ilnd
Corr<>on Si
Cosden
Apr
4% Mar
19% Jan
12
Apr
Berkey & Gay Furniture
Bliss
■r
;
18% Apr
6% Jan
180% 180%
1
1
common.
Feb,
Jan
22
21
125
Jan,
J4
100
19'
18
37%
,,
Canada...
Blue Ridge Corp
Aitv.'*,v Y *•".«
>
21% Jan
12
Feb
19% Feb.
8% Jan
100
125,
—19
2.50
common
common—
Hedges
Convertible
U%
100
new
Aircraft
-.1
8
Ties..
Beaunit Mills Inc
Bellanca
10%
•
commnn-u.
Brummel
10%
•
common—
Coopar,Ra.ngflCn
16%
82
-..i
;p:48Yi Feb
Jan
34%
Cook Paint & Varnish CoJ———•
•
; ->
Cornucopia Gold, Mines
—.
1
—
1st preferred
Beau
42% Feb.
20
Jan
41% Apr
15%Jan
Mfg—
Refractories Inc...
7%
500
v,
Corp
Seelig
Baumann
50
17%
"
convertible
$1.20
41%
17%
o-.;
-
41%
.
..1
common
Andes—
shares
American
Barium
Bell
>; ■'V.,.
preferred^-.——?
••
3,300
'
7%
Baldwin
43
i?
110
11
40
Jan
115%
81%
-
6%
■
50
•.
•:v4%
':
10
3% Mar
1,100 y
10%
Apr
Jan
Apr
44% Jan
87%
10%
•
Apr'
17% Jatt
-
200 Y
.Shyx',
116% 117
109 ; 110
1
Apr
17%
Jan-
'
Mar.
25%
fe'.i'
P
Apr
:38/
97v Jatt
A Jan
37% Ma?'3% Jatt ^'
!
650
3%
'■
>'
7%
3,000
25% " 26%
...
!*•
26
\. !V>
..)),>.■
f
l.
100
Retail
Consolidated
4%
i
100
Si Smelt Ltd.
Stores—
Royalty Oil—,
Consolidated
5
250
;
39 y4
300
■
105;,
.
4%. Mar
92,900
42 .:•
Feb
Jan
7%
2,450
A
%
41
1
•
^
common
4%i%;. series B preferred
4% preferred series C
42
99% 100%
%
—•
Consol GULP Bait
V
•
39%
:
41 K
:
8%
'
99%
warrants—
preferred
Consolidated
;
8% Mar
17
40
Conn Gas & Coke Secur: common..
$3
32%
7%
7%
-
.28
—
Jan
14% Mar
'
4,300'-7,600
6,900
5%
28%
30
1
—
wrnts
Arms...
5%
550
Mar
49
Apr
'
12,900
-
Jan
20
Mar
32%
3*800;
;
Consolidated Mining
& Wiloox Co
35
12% 25%
16%. 17%:
-
—
Community Public Service
28
Community Water Seivice.
*
$
Compo Shoe Machinery-««
V t o* extended to 1946—I
Jan,
13
1
* 32%
32%
Jan
32
Mar
6% Mar
60
1
Commonwealth: as Southern
Jan
24
23
Y
Jan
-
26j/4
•
Columbia?. Gas & Electripw
5% preference
12% Feb.
8
100
250
25,300
Apr;:'
■z 145
Jan.;;
20.% Apr
13
Apr •.'
8%
Colt's Patent
78
•
Voting Machine
(B F) & Sons common
Banco
140,
Jan
14% Mar
12% ?
Colonial 7 Airlines^
Colorado; Fuel Si Iron
i
9% Apr,
-
v
1
f -, I
y
Automatic
Babcock
14%
28
Jan
■:
—
-
2,200
;
Y
Feb
155
Feb
7%
Colon
10% Jan
50
Atlas Corp warrants
Atlas Plywood Corp
-
Feb-
12%
Club
10% Mar
3,500
•
'
20
18%
110
Apr
36%
Feb;
Jan
?eo <'■>
4
180
27%
Co
Apr
112%
Coast RR Co pfd..l00
Fisheries;.
X
Prnriurta
26%
140
Feb
Apr
17%
Jan
Jan
1
; Cockshutt
10% Mar
1,200"
30
3,100
•
AiitnmftMifc
150
10
Controller
—
Associated Laundries of America
&
2y4
C
"10,200
1,250 :
145
142-
18%
Y Clinton industries Inc.—
Feb
5%
dep rects reg...—.JB1
Atlanta Blrm
210
36%
22%
foJ&M 180
14% Apii
30,000
Jan
10 %
10%
12%
,
112
120'
23
22
Mar
Mar
3,600"
4,500
7%
112% 112%
10%
10
2.50
Ashland
5
600
114% 115%
11% 13%
12%
-
Equipment Corp
American
■
154
150%
142
•
Mfg
«
Cleveland Electric Illuminating
•
Clinchfield Coal Corp—. —..——100
Jan
35.;
1,400:
13%
43
114%
non-voting.
—
12%
u
'
common?.
preferred
V00.
'
:P
3%
Feb
22
*
•20% May :
142
Claude Neon .Lights. Inc.—————,—!
Clark
Arkansas Power & Light $7 preferred.*
Aro
725
200
.»
•
171
33%
^
I
Clayton & Lambert
Common
Jan
13%
—
Anglo-Iranian Oil Co LtdAm dep rets ord reg__.
— £ 1
Angostura-Wupperman
;—1
Apex-Elec Mfg Co common..
•
Appalachian Elec Pwr 4%% pfd—100
Argus Inc
1
^
1
'
Feb
29
preferred B——
City Auto Stamping...—
City & Suburban Homes...
Products.
Gas
10 %
Jan
"
——10
preferred"..:
60c
Jan
'
:
Feb
6%
16%
15%;v
2%
> 165
169
Apr
49%. Feb,
49%
100
21
180
15%
r
3
Mining—
;
1
iChilds Co preferred —^—.—^,.—100
•Cities Service common—
Feb
y' Jan
:
4
'
Chief
Feb
,
Jan
& ? 6%
Apr
3%
>;-v
119 % Jan
4-V.c'c
.
Apr
166 Vz
;
.
16% Mar
171
:
;
10,400
26
20%
;
52
;•
Jan
'iff.
—,—5
180
I 21% Apr
Jan
8% Jan
-
t:
—w—10 fi:
common—
Jan
36
Feb
13% Jan
Jan
37
50
8%
7%
26
i
106
75-
-
•
Jan
117%
Jan
46
7%
——
37
390
47
45%
21%
■
Feb
2,750
'
166%
47
5
'
52
144
46
11-
1
common
Cherry-Burrell
,
J
$ 10%
common
High
t,
,
10% Jan X*
32,800
12%- 13
4
•
-
.w^.100
ii'.LJ. aim; J ft'.;?
44%j Apr?
-Apr \r\
15%
,
Cnans
.56.
>
•
29.
Low-
*18 *: Jart " Y
1,900
'
117%
100
.w—100
i...
ser
Angerman Co Inc common
Arkansas Natural
2i '■
im
12%
50c
Chamberlin Co of America
to
changed
Utilities
ser
Cessna Aircraft Co
46%,. Feb
Jan
Jan
39
Jan
Fence
Post
West
pfd opt div
pfd opt div
Conv
*
Anchor
South
preferred
Conv
♦
5%. Jan
;
42% Apr
;
10,300;
>
--•'24i
3% Mac
1,550'
.
,
Jan
;
"V
Anchor
&
High
"
Products...^——,^1Lt 4% pfd
—.^100
SCent States Elec 6%
7%
Low,
Par
Steel
*
29% Apr
32%, Jan
Jan
Apr
20>.
;
100,:
46
42%
39
24%
.1,500.
.^23,800
21
v;
46
S
•
preferred
•
42% i 45%
40%
•
•
Paper common
-54
-44
Central
'
'
lOo
;—
5%
American
American
P
Apr
50%
Jan
28%
"
com
"
40'/a Mar
800
*
$6
Jan
24
3,600
.—-—*■'
w
Corp
Superpower
1st
46
29
Republics
........10
Seal-Kap common
2
American
Amer
45%
1
& Chem class A
...
250
33%
27%
25
Cot
Meter Co.
American
31%
High
22
Feb
52
>•
Jan
47
776
25
23
—
14'
2,500
20
Mach
Light & Trac common
6%
preferred
American Mfg Co common
Maracaibo
50
25
Co
American
American
22
50%
'4
19%
Low
High
17%
Par
General Corp common— lOo
$2 convertible preferred
—
1
$2.50 convertible preferred
1
American
'•
Apr
77% Mar
Apr
78%
Jan
.
''
''
'
'
■
■.
•/;.->'/
.
■"■'•■J
,> v,
•
;'".V
"•# ,;v* ■'{V .V'- V«
'^-V
.ifa
dVi'
u.vt
t.
,
THECOMMERCIAI/& FINANCIAL fcHRONICLE
Number *'4485:
m
044-VJ c-CTS^.ufcirtni'ttf.w «,
■--j-j-
:.
:
1.■"
v-
■
NEW YORK CURE EXCHANGE
r
'
^
Sales
Range
Last
for Week
Low
Electric Power
Option
162
165
11
10
Elgin National Watch Co
Co
29%
35
10
'
i 5% preferred —:
—-60
Empire District Electric 5% pfd.—100/
Emsco Derrick ft Equipment...,
I
Equity Corp cominon
10«
,$3 convertible preferred
1
•
19%
Feb
27
28%
Apr
24%
Jan
800-
~
»
Esquire Inc
16%
■
33%
33%
49%
Jan
14%
56
Jan
Jan
-
1,500*-
•
>50
'
Jan
22
'
;
■:
Feb
34
?
'
—,
Apr
300
i 200
13%
12%
310
112'/4
•;
$3,50
Jan
15%
Jan
14% Jan
Jan
Jan
30%
26%' Apr
•/110
Apr
116
Jan
Jan
90
107%
Apr
"
92%
Jan
110
Apr
1,100
94
Jan
112
Jan
120
337/g Jan
27%
28%
900
26
Jan
70%
73%
3,100
58
Mar
73%
Apr
30%
30%
29 Vt Jan
/ 30%
Apr
24%
25%
Feb
25%
Jan
20%
21%
1,800
10,800
21%
series
27%
72'
International Cigar Machine—
International Hydro Electric—
Preferred
15%
13% Mar
Jan
4,500
■
Apr
7% Feb
Jan
7%
,
37
Jan
25
35%"
.v
Indianapolis P ft L 5 V* % preferred.100
Indiana Service 699 preferred ......100
1% preferred,....,....
..^...100
Insurance Co of North America..—.10
14% Jan
;
High
Low
Y/33:
/
High
Low
£1
Ireland
;-18 ■■■.■. "Apr*
Mar-
3% Jan
30%
■500
53%
-17% :
Eureka Pipe Line common...
Jan
13
42,100
4%
52%
109
,
Apr
39% Feb
-53%: Apr
112
Apr;
r
1
33;
Y.
"
Range Since January 1
Shares
Imperial Chemioal IndustriesJI
Am dep rets regis.
Imperial Oil (Can) coupon.
j»
Registered
Imperial Tobacoo of Canada
I
Imperial Tobacco of Great Britain ft
'Apr
30%
'
50% Mar
175
-"20
16
3%
,
'
for Week
Range
of Prices
,' ;
;
minols Zine Co
Apr
400^
112
:,.15>Y
Y
12% Jan
53%
52%
112
**165
Jan
'.4.
35%
-
Sales
Week's
-
r
Last
Sale Price'
High
Feb>
6%
2,400 '
3,600
•
30%
32%
-30'A-
com—15
new
common
139
5,500
26%'
25%;
Ftecttographlc Corp.
Elliott
Low
550-
\
11%
/
Range Since January 1
High
165
ft'Light 26 pfd
warrants.,
Friday
STOCKS
New York Curb Exchange
Shares
of Prices
Sale Price
RANGE FOR WEEK ENDING APRIL 26
w-.-v;
Week's
Friday
-STOCKS
New York Curb Exchange
21%
200
:
International Investment Co—»—-I
Fatrchlld Camera & Inst
Faircmid
$2.50
6%i
6%
Engine & Airplane.
pfd
7'A
17% Feb
; 13% Jan
1,600
20,000
15%
15%
15 %
Jan
8% Feb
Jan
5%
78
conv
115
International Metal Industries A
23 %
23%
24
200
21% Mar
26 y2
35%
34
36
4,250
31% Mar
40%
Apr
Fedders-Quigan Corp
1
14
13%
141/4
4,500
65%
450
WarrantS
Jan
*
Federal Compress
Fire
Association
Fishman
•
(M
H)
Co—.
.
62
62
6C .to $1; Storesu;——
v
Class A non-voting
Class
B
7%
Amer
dep
Fort- Pitt
Fox
'
25
2,100
7
Mar
.
rets
bearer
,
29%
Irving Air Chute
35
Grain
100
33"%
22%
4,950
4,700
441/4
:■
45
1'~
V
•
.n..
iiiij
.
•
.
45%
800
30
30
150
123
10
Mar
19
Jani
Jan
Apr
49
27%/Jan;
.
Apr
Jan
34%
28 / Mar
29 %
1*
9%
33%
24
7%; Mar
7%
28
7%
Malt common——S
&
$3 conv if""lr
Feb
87
123
16
17%
171%
; G»mtt Corp common
V, uatmeau rower co commo
5% preferred
Mar
17%
Mar
131
14
6%
300
18
14%
13%
*
100
1
common
Public
—
Service $6 preferred
General Shareholdings Corp com
$6 convertible preferred
iGeoigia power $6 preferred—
|] $5 preferred
;
•
29%
29%
17%
100
■
127%
380
:
130
126
110
6%
110
300
27
300
19%
Corp.
21%
Coal
Feb
7»A
7,300
19 ;
6%
30
Mfg
Grayson-Robinson
Stores—
63%
59%
63%
900
57%
32%
31%- 34%
1,700
31%
13%
1,300
11
12,
21%
22%
;
11%
11%
;
Apr
9% Feb
Apr
15% Jan
22 %
Apr
114%
Jan
93%
V
r" 20
25
26
7%
1%
.
7%
in
3,000
1%
800
32
32
300
16%
16%
3,200
14%
153/4
600
5,400
Co
Bridge Co
Lamp
/
Jan
/Z 29
12
Hartford
Jan
8%
7,400
1,400
21V4
23%
18%
2,300
113% 114%
10%
18
9%
11
Feb
Jan
-Jan'
50% Mar
Apr
71
Jan
Apr
47%
Jan
13%
Jan
23%
19%
73
Apr
145
Apr
45
;
Jan
17%
23 %
Jan
13%
50
Hecla
Mining Co
15%
Jan
113
9
900
9%
15
38
38%
1,000
40
14
83/i
950
Apr
18% Apr
116
67
.
u
Apr
3
43
21
2%
46,300
3,200
1,100:
2,100
,3%
423/8
22
11%
Jan
.
Mar
Feb
«•'"
...
..
r
"
7%
11,000
5% Mar
4%
4%
12%
1,000
2,400
4 V* Apr
10% Apr
14% Jan Z
22
21
22
20%
20
21%
9,500
203/4 Mar
Feb
23%
171/4
17
17%
6,100
6%
600
/
7%
Apr
7%
Jan
.
;
313/a
303/4
150
20%
12,400
8
263/4
27%
Mar
30
18%
22
6,400
18%
Apr
22
18 3/s
19
10,300
15%
Jan
20 ti
Mar
■/ 31 *
29% Mar
12
Feb
Apr*
30%/Apr:/;
26;
Feb
!
/
25% Mar
25
600
.
Mar
20%
Feb
26%
'
Feb
Apr19% Jan
:
Land
ft
44%
44%
16
16
15
Mapes
25,900
2%
Jan
375
96%
Feb
117
104 % 108
650
92%
Feb
108
14,100
10%
Jan
111%
123/4
Exploration
pfd——.*
Jan
25/a
12%:
■
13%
153/4
925
,*■
Apr
/ Apr;
13 Vz
Apr
;
Apr v/;
117
26%
21% Mar
—2
37% Mar V
15% Mar
Apr
16% Jan
1,600
14 y8 Mar
17
Jan
\ 111
Feb
;
Harris
Massey
48
vilOO
Mar
6
.
Apr
,
8% Jan":
36
48.
26
Jan
Jan
51
Apr
6%
Feb
12%
Jan
"
Jan
Jan
40 3/4
Mfg Co.
Feb
26
Co
Marlon Steam Shovel.;
Mass Utilities Association
Apr
19% Feb 4
15% Feb
Consolidated
Communication
26% Feb
15 ye
107% Feb
,
15%
3% Feb
2%
114% 116%
23/4
116
,.
;
Marconi Internat Marine
-
n.
,
;
29
optional warrant!.
Mangel Stores common—.—
Manischewitz (The B) Co.
11%
6%
9
Ipn
'
,
3% Apr
50
Feb,
26% Jan /
32
Apr;
.
Jan
20% Mar
Manati Sugar
41% Jan.
72% Feb
,;
vi
nh rntnmnn
prAfarred « w
Feb
42
.
Jan
/
173/4 Feb
Mar
''
H"!'"
41
17%
Louisiana
4%
CTplpria Rnhlnstefn
vZ/': '/
h Class A
——
*''/
; 11% Feb
82% Feb
v
.
37% Jan.
preferred B ctfs of dep.
11%
B
J28«
common
—
,
21Va Jan ,v:
.
30%
Jan
15
Apr
35% Mar
—,.ai
„,»
Hearn Dept Stores
Jan
/
Apr
34% Mar
173/4 Apr /
Jan
Mar
9% Jan
2,000
:
|
14
Jan
31
■
/' Feb
15% Feb
21
17% Feb
600
20%
23% Feb
Logansport Distilling Co—...
1
Lone Star Gas Corp common.—.——10
Long' Island Lighting Co~»
Common ctfs of dep
—
7% preferred A ctfs of dep——
37% Feb
Mar
19%
/
Llpton (Thos J> Inc 6% preferred—29
Lit Brothers common
•
Loblaw Groceterias Class A
•
Class B
ii
•
Jan
135
12% Mar
•
Hazeltine Corp—
16% Feb.
Jan
150
38% Mar
15,200
16%
17%
voting trust ctfs
1
Co
.1
of America B non-vot com—1
353/4 Apr
17% Apr
,
22%
Brewing
V
Jan
11
500
Mar
134
1,400
lis/a
13%
/
Feb
140
43
20%
10%
123/4
Monotype Machine..
Lefcourt Realty commonConvertible preferred
Prior preferred
Leonard Oil Development
Le Tourneau (R G) Inc
Line Material Co.
Lionel Corp
Apr
141% 143
Rayon
Harvard
Hat Corp
Apr
34%.. Apr
v Feb
V
52
141%
,
*
—10
-
23
^
17%
22%
109% Mar Z
41JA
18%
18%
-10%
Locke Steel Chain
..
Ltd..
..—
Paper
Hartford Electric Light,.,
23/* Feb
18% Apr
-400
Apr
43
12% Mar
1
Lynch Corp new common
Ball
26
Jan
33%
Louisiana Power ft Lisht $6
HammermiU
;
Apr
9% Feb
/:;n% Feb
Apr
29
43
20
■
Feb
Jan /
425
Gypsum Lime ft Alabastine.—-—.—•
Hamilton
Jan
33%
Apr
Apr
.
82%
Jan
8%
16,000
1,100
20,400
42
•
—10
—.1
94
18% Mar 'M
2,400
8%'
11%
"'114%
V Jan.
76
Jan
29%
v
.
Jan
-86/
70
82%
11
27%
Jan
9%
90
/Yt--
Jan
6%
82%
——1
(D Emil) Co common
(I B) Rubber Co—
/
Feb
io
,
s
Jan
19
175:
114% 114%1
114%'
18%
450
-
12%
24
121%
900
■
7%
22%
■
123% Apr
26% Apr
30
800
800
26%
27%
16%
44
135
Greenfield Tap ft DieGrocery Stores Products common—28e
Gulf State Utilities $4.40 pfd—100
Jan
Jan
31V* Apr
Jan
x26
19%
105
134
41%
1
Lanston
r;".4-
134
*—•
100
250
Apr
112%
189% Mar
30
Langendorf United Bakeries class A—*
Class
B.
•
Jan
8% Feb
69
17% Feb
21% Jan
4,300
31%
29%
30%
1
Atlantic & Pacific Tea—
Non-voting common stock
1% 1st preferred—
Great Northern Paper.
111 y4 Mar
Lane Wells Co common.
Great
—
108
24%
f
,
Jan
10% Mar
4,400
51
22
51
Jan
Feb
17
*
: 30
25% Feb
48% Jan
—.
22%
Lakey Foundry ft Machine—
Lamson Corp of Delaware—.
Mar
22%
18V8
—
8
Co
■
26
73/a
Lake Shore Mines Ltd.
f/
<Jsxn
2
Co.
Co
&
Kobacker Stores new common
Apr
103
preferred
Gray
Jan
65
300
1
■
26
27%
Krueger Brewing Co ,1,,,,,;,» 'i/rir" u.-i.nnnL/
:
Mar
150
66
Mines
10
Mfg common
Graham-Paige Motors $5 conv pfd—10
j:-.
3,100
73,900
65
Grand Rapids Varnish
Jan
106
109%
325
:
123% 123%
-
—J
._...—*
•
—
E^iotfc Corp common
21% Jan
2,300
7%
21
7%
Gorham
-
24%
21%
prior preferred.
Consolidated
Klein
Jan
23%
24%
Gorham Inc class A.
:<■
Jan
3%/Apr:
Jan
297/8
27
Gobel (Adolf) Inc common.
$3
Feb
13 ya
Apr;:
Jan
35
53
Godohaux Sugars class
Class
B.
f
32
Feb
2%
Jan
28%
*
J •
Harvester
•
34
•
common
Goodman Mfg
Jan
2%
1,900V
110%
30
v
30.
.
123% i
preferred—100
Inc
Kleinert
111% Jan
110
30
Kirkland Lake G M Co Ltd———1
4%"Mar
104
Feb
450
2,400
51
HOVa
,
Jan
107% 108%
6
108
47
107% 107%
110
Prnrtnnf '■■■■■
Jan
113Y8 113'A
*
6
Gladding McBean & Co.
$4.50
3,700
—•
Petroleum
Kiioy
Mar
HVa
•
Co ~:
Goldfield
423/4-Apr
3% Feb
11
2%
5,066
■
'104%"Feb/¥;
3,8p0
23%
Jan
24
10
107
19%
Jan
*
•:
•
Preferred
Aided
Apr
Jan
26
400
23/8
110
Kimberly-Clark Corp— \ 4% % preferred
——....—100
Kings Co Lighting 7% pfd B
100*
5% preferred D
—100
King Seeley Corp..I;
Jan
9%
700
31%
107
19%
1
.
Glen
•500
11%
"2%
Co
Key Co common
Kidde (Walter)
Apr
9
Plywood Corp
Gleaner
31
11%
.—100
preferred—*
Ken-Rad Tube ft Lamp A
12% Jan
2,500
10% 10%
—
General Outdoor Adv 699 pfd
(AO)
30
48%
Kennedy's
9% Mar
2,000
;
'^General Fireprooflng
Gilchrist
Apr /
7V4 Mar
42V2
30% Mar
-
30
100
Julian At Kokenge Co—
•
17%
preferred series A
-Gilbert
15%
Jan
Feb
Jan
Jan
2,300
,
General Finance Corp common,
j-'.fv Warrants
■Y
Jan
4%
36%
~2%
otfs—*
—1
•
preferred—
1%
Jan
97
100
;:
12
7
Amer dep rets ord reg.
General
6
107%
6%
.10% Jan:
4,4001
' 7%
10%
Mfg Co
General Alloys Co
Gen JElectric Co Ltd—
o
10 3/a
800
250
-
~2% "2%
Jersey Central Pwr ft Lt 5%% pfd—100
100% Feb
115
-
f General
24% Jan
•
Jeannette Glass Co—J——————.*.
Kawneer
5%
Jan
7% Mar
Kansas das ft meo 1%
r
243/4 Jan
19%
5,700
6 V*
41
40'
\
:
•
19% Mar
Jan
5'A Apr'
22
32%
22%
Fuller (Geo A) Co—u
V
153/i
53/4
40
21
Jan
28% Mar
6
*
utilities Corp com—IB
Interstate Power $7 preferred
;—•
Investors Royalty—
—1
y
14%
14%
International Safety Razor B
Italian Superpower A
25% Mar
......
■W*&convertible' preferred,,.
M
.10
Products
International
8% Jan
50
20%
International
Apr
1,200
27
28 %
.
Stores
Gellman
mmmmmmmim**
,
.
Iron Fireman Mfg/voting trast
26%
*
31%
Apr
28 %
26%
.......
Brewing Co.
Brewing-.
Froedtert
*
2,300
50
France—
(Peter)
Franklin
,
**
■■■
-
voting
Motor of
Feb
Apr
7%
-/%
"
■
Ford
Feb
29
70% Feb
31%
25
267/b
Ford Motor Co Ltd—
a
17%
Jan
\/
r>
Am■dep /rets ord
g
j
Ford Motor of Canada-*
Jan
r
.■
shares
Registered
11%
62
uu.,
International Petroleum coupon shs..*
25
& Warehouse Co_-2S
(Phila)—
1i
^
International Minerals and Chemical*-*
Feb
""alstaff Brewing.
Fansteel Metallurgical
*
15%
v
t e—-—1
*
15% 16s/8
2% "3
'
2%
17%
common^
;
18%
163/4
18%
15% Feb
47
42
94%
pfd
100
Corp, common——..———*
$2.50 preferred
'
;
.
s
46
19 Va
Jan
4%
V
Apr
Jan
17%
McColl-Frontenac Oil Co 6%
McCord
2%
13%
:
6%'Mar X
Jan
/
t
: 183/4 Apr '
94Va
:
Jan
22 3/a
Jan
Jan
Jan
/47;::/::Apry//
'
Henry Holt At Co common—
18
18
74%
--
78%;
100
18
Apr
263/e
2,200
40
Jan
78% Apr
.
Jan
TTno
<R.\
fe
C.n
ftlftRR
A.
Y
:
Y/r
78% '
in
Horn
ite Hardart. Baking Co
Horn
&
Hardart common
5^
Howard
Stores
•'
•
—
t
_
V
1V1
'
28%
-'ft
21%
750
15%
30
21%
-V
•
■
4r% 43
;
113
—1/
Hubbeli (Harvey) Inc—'",,....1;
Refining
•
Hummel-Ross Fibre Corp
-JI
39%
/
Z
140
475
,
.
32%
1,900
32%
200
67%
70% /
•17% '
72%
6,800
17
31
Co.—
18
/10
Mar
17
•
183/i
450
15
Mar.
10%
11%
1,600
v 8
Jan
53%
200
43
Jan
6%
33
6%
250
■'
•;
600
-
•33%
.<
300
45%
.
5
22%
Jan
.
Jan
Jan
Apr,
19
V
Apr
Apr :
57%
*
Apr
7Va Feb
343/8 Apr
For footnotes
36
74
preferred
see
page 2322.
21%
.34%
73%
37%
75V4
*
21%
22%
: 6,600
6,700
3,200
31
Feb
19
V 25
Class B
Corp common—.—8
Midland Otl Corp $2 conv preferred—*
Midland Steel Products—
200
800
143/4
6% Jan
7%
14
1
Jan
31
.
Apr
/:
-
26% Jan
Jain
12%
111% Mar
11% Jan
12 V*
9% Jan ■'.
600
.
10
Jan
Jan
>;■
Mar
37% Apr
'
Feb
Feb
8%
58
16
24 '
Jan
Feb v
109%
/
*—-
7%
.
8% Mar
62
Jan
Jan
•
Mar
9%
Apr
Feb
4V4
103/4
37/a
-
IO3/4
.
23
23
18%'
3%
33/4
19%
Y—
■;
42"
'/
15 Va
15
19
Feb
15%
Feb
3%
Jan
200
"
6,200
32,700
5%
137/s
44
-
Jan-
20 V4
Apr
4%- Apr
20% Jan
30
50
313/4
%
Jan
.'24% Apr
13
Mar
16
100
30
42 vV
Wp
l
3% .Apr
10 3A Apr
1,300
4%
r
28%
/
9,600
2,500
4%
11%:
24 y8;
313/4
29
dividend shares
31
Mar
35
36V4 Jan
47
350
,
Apr
Jan
■
*
J ah
Feb
'
Abrasive.——.
Mid-West
Oil
Piping
Co
Wohl
Co
...50
——
common.—.
66% Mar
•14%
7,200
Minnesota
L
5%
pfd—
/
6% Mar
12'A
•
.:
;
5V8
5y8
32%
•:
5%
5,600
V
Feb
34%
3,000
Jan
4% Mar
!
*
OO
'-r
if?
■
/' ;
8 3/a
~9
\ 4,300
■./■v.
24%
Jan
73
34
/
11
33
14
5%
conv
preferredMining Corp of Canada..
ft;
800
& Supply—.
18% Jan
P
7%
/./ 7
10
—
'
17% Jan
Feb
'
West
non-cum
10%
"7%
10%
15 y8
...
•
Midt ale Co common——.—————*
$2
11,700
•
t c.—.1
v
800
'100
8%
•
Preferred.....——10
1
Middle States Petroleum class A V t c.l
Middle
10%
8
--r-
Micromatlc Hone Corp——
Miller
conv
/ 21%
2,800
8%
..——.*
Michigan Sugar Co—
Midwest
5%
2,600
21
——1
Mid-West Refineries^
Dividend arrearctfs——
30 y8
19%
2,200
110% 110%
Metal Textile Corp..—
i
.....25o
/ Participating
preferred—..—
18
Michigan Bumper Corp—
—
1
Michigan Steel Tube
2.50
Midwest
UliDols Power Co common.
28%
100
A preferred,
Messabi Iron Co
Apr
113/4
.
; 8%
p.
193/8
*
Chapman ft Scott
Warrants
6% %
18% Apr
33% Apr ;
50% Mar '
.
23% Mar
1,700
■.
33% Jan
493/4
.
.
-
Jan
72%
Jan
33
.
Merritt
Mar
27% Mar
53%
10%
42
5,300
2,700
•293/»
Mercantile stores common———*'
1153/4 Mar';;:
Feb
293/4
17%
■
43%
37%
8V«
Memphis Natural Gas common......-9
Feb
48%
6,900
.
152
.
Apr
49
$2.25 preferred
—
—
-•
Com stk purch warrapts—:
Huyler's common
1
1st preferred ——
1
Hydro Electrio Securities——.—*
Hygrade Food Products
40%
Feb '
21%
34%
8%
"
Jan
223/a Jan
44% Jan
;
37% Feb
113
30'
31
40% Apr
20%
35%
•
——1
Mead Johnson & Co.
173/4 Feb
,20% Jan
:
.
ii"'-
rv
32
,
13% "Jan
22% Jan
25
30
'pU
* 114
39
65 ';/Feb:/'': V / 80
-
150
21%
-42'Yi-:
43;
■
3,200
*
Corp.
Ligonier
—f.
70
■14%.:
14%
inn
:•
Humble Oil ft;
Hussmann
66%
/ 67
Hollinger Consolidated G M
•
Holophane Co common—
Horder's Inc—.———
...—•
Hormel (Geo A) St Co common—
16%
20%
10 J/8
McWllliams Dredging....^
'
Heyden Chemical common—.—9.81
Jan
8%
Jan
105% Mar
9% Jan
143/s
393/4
6
Apr
Feb
Jan
36% Apr
106
Apr
11%
Jan
107% Feb
,
Monday, April 29, 1946
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK CURB EXCHANGE
j;
Week's
Sales
Range
Friday
STOCKS
corjmon—.
Corp—
Molybaenum
Ward A
Montgomery
investors
Morris
Plan Corp
21
5o
10
Murray
Polaris Mining Co
Feb
Powdrell
Power Corp of Canada
210
&
Jan
/ 900
20%
19%
-AVi
Apr
205%
Apr
197
14%
Jan
11%
1,500
:
23%
Apr
Feb
50 j
Jan
21
46%
200
46
Mar
:9%
5,200
8
Feb
.
4%"
10% Jan
32
150
-
28%
;
30%
19^
y:
;
'•in 200
31
•
18
500
19%
:£ 14% ■15%
Jan
25% Mar.
v
550
Gold
14
Produ«vers
160 y2
Apr
Providence
31%
Apr
Public Service
17
Jan
Corp
16%
2%
Jan
25%
Apr
14% Feb
60
•
is y8
Gas
94
Jan
20%
2%
3%
Jan
Jan
3
13% Mar
100
Feb
Apr
Feb
18%
Apr
Jan
9
Apr
10%
106%
Jan
108%
Jan
111%
I;|
9
•;
Feb
114
Apr
of Colorado—
'-'-A
—
7% 1st preferred
Puget Sound Power St Light—
Srr-S
—
,«
109% 110
24
26%
preferred
»d prior
3,000
Jan
•v! 15.
9,500
9
-
;
Apr
Apr
82
4
800
2%
17%
Jan
2
■'
17%
1st preferred.
6%
24
108
Mar
y
23
Jan
27
Apr
y
18 iv Mar
23
Feb
15%
18
Jan
275
1,300
19%
20
425
15%
16
1.70Q
8
30%
9
33%
3,800
30%
11%vL
Pyle-National Co common
Pyrene Manufacturing
11% 11%
32,200
11,900
1,300
15%
110% Jan
Jan
Corp
..
Bellas Hess common—
National
10%
44
; 18,100.
^vv:»y;
18%
—
Puget Sound Pulp St Timber..
National
7% Mar
600
2%
.*•:»
>>
16%
Prosperity Co class B
Mar
W-I
of Nevada
Jan
Feb
.
.•V
America—
Apr
20% Mar
8% Mar
27% Jan
17% Mar
60
2>y
common
of
Metals
Pressed
58
60
Mining
Inc
10%
>
High
Jan
12% Mar
25%
.
Pratt & Lambert Co
Premier
32%
Jan
•
10
22%
com.
new
6%
20% Mar
21%
8%
Alexander
&
Low
8%
21%
common
Range Since January 1
1st. pref drred^t—.
6 %.
Feb
5%
Apr
8% Mar
8,200
io y4
9%
31%
3%
14,700
144 y2
30%
--
Co common....
Muskogee
Jan
6'
14%
3%
10 V*
-100
Tel..
Ohio Mfg Co
Muskegon Piston Ring—
10%
4Jan
Scale
£
Shares
High
7%.
Valley Wine Co
Prentice-Hall
—
common——
Power
States
States Tel &
Mountain
7%. Jan
1,000
4%;
9
4
Producers
Mountain
Pneumatic
20%
9%
Mountain City Copper common
Mountain
Pleasant
Feb
46
i??
46
America
of
Apr
20%
204 y4 205
—
partic
Moody
37
Jan
24,800
10%
13%
13%
Power—.—
ptd
Heat &
Light
Montreal
9%
.
for Week
of Prices
Low
Jan
4,800
Sales
Range
.y:
'
15
'
18%
.4%
—
Utilities new com.
Dakota
Montana
16%
16%
10%
Loan
Monroe
"
,
Piciures common
Society A——.
Monogram
High
JLOW '
Last
v
Sale Price
20
Servi-e
Missouri Public
New York Curb Exchange
Range Since January 1
High
Low
>ot. .M'
Week's
Friday
-'A'M-,
STOCKS
,
Shares
of Prices
Sale Price
')'#<<*<
RANGE FOR WEEK ENDING APRIL 26
for Week
Last
exchange
York Curb
New
-
Breweries common
Nachman
preterred
7%
Lines common
City
National
National Fuel Gas
—,
Quaker Oats common.
National Mfg & Stores commonNational
Macmnery
Kuuocr
xMauonai
6%
preferred
Quebec Power Co—.
Cookers——.
Pressure
National Steel Car Ltd———,—
National Transit—
..l——
National Tunnel & Mines common
Radio
Union
National
Radlo-Kelth-Orpheum option warrants-
108%
Nebraska Power 7% preferred.—.
Nelson
«Herman1 Corn
ftt>oue
1
Power Associates—
preferred..
,
preferred!—
England Tel & Tel
England
New
\t 6%
'82
New
Clock
Haven
New
&
New Mexico
N
N
Y
Apr
Jan
49 y2
Reliance Electric St Engineering
Feb
Richfield Oil Corp.
Jan
81%
7%
Jan
liy2 Mar
Feb
60
Mar
warrants
..1
Radiator
.
Rio Grande Valley Gas Co v t
Rochester Gas & Elec 4%
108
Cable
Corp
*1
0
8
.......8
common
Metal Works
Art
Ronson
108
85
Electric & Gas $5.10 pfd.100
; i 86
.—100
pfd
100
pfd P
'
v
dep rets for ord reg
Am
Rome
22%
20
6%
Richmond
8
•
Goods
Dry
Rolls Royce Ltd-1* *
shares
Water Service
Stix
Roeser & Pendleton Inc—
—
Rosario————10
Y Merchandise
10
T Shipbuilding Corp—
i f
Y
•
Do
Roller Bit
Reed
Rice
Honduras
N Y State
-—..—.-10
1
10
Raymond Concrete Pile common..
*
£3 convertible preferred
•
Raytheon Manufacturing common..50c
Feb
54%
—•
Railway & Light Securities
Voting common
Railway & Utility Investment A
Rath Packing Co. common
Jan
32
—
Omnibus warrants
City
&
Y
Founders
N
Apri
35
133 y2
Mar
72
Jan
Jan
106 Y*
28 I Mar
Land
Arizona
19
12 y8
Feb
36
Apr
Auction Co vcominont—
N T
N
Jan
10- JMar
84%
New Process Co common.
N
22
27% Mar
Co
?ino———
New Jersey
Apr
126 y2 Mar
Inc common..—.
New Idea
24% Feb
12%
Co ciuse A—
Milt
te
.
Apr
18%
Meter common.
Neptune
Apr
113
Jan
18
Roosevelt Field Inc
...
Root Petroleum1
1
Niagara Hudson Power common
b'/e 1st preferred
:
86 : preterred^..,
B
Class
12 y2
Ryan Aeronautical Co
—1
Ryan Consolidated Petroleum—.——*
20'/a
22
Ryerson St Haynes common
20%
3%
3%
11%
155
Bt Lawrence Corp Ltd
,
,. i r»viVr'*
Class A 82 conv pref—.... ...i......80
common——
prelerred
prior
RR
Penn
North
,-;8r
St Regis Paper common—»
50
North American Utility Securities
*
Noriaern Central Texas Oil—i—5
Northeast Airlines
.1
<6%
1
27%
:
Rayon class A—.i....*
North American:
.2%
2%
12%
|~3^
.8
& Power common—1
North Amer Light
2%
12%
17%
Elect no.—..wi-'———1
Noma
Russeks Fifth Ave
-
20%
,
——
Mines....
Royalite Oil Co Ltd
117 y* 120
2%
class B com.—5
•
Nineteen Hundred Corp B——1
Nipissing
——10
•
Rotary Electric Steel Co
120% 121%
117%
5v ad! preierreo —j...... .i—100
Class B optional warrants
.
Niagara Share Corp
Niles-Bemeni-Pona
14
121
100
'
12%
13%
■
Northern
Natural Gas
Northern
8rat.es
Power class A
Northrop:Aircraft Inc—...
Bcovill
20
25
—
......1
—
8%
8ya
—
42'%
'
—
"
loy«
9
3%
41% "
8%
43%
—
Corp,...,,..
v
-
:■
preferred-,——
Steel Co commoo.MMLM.M*
—'
Securities Corp General.., ,./
^ , -7%
86
Inc—24%
Hardware.——' 5%
a
Ok<3en Corp common..—
Ohio Brass Co class B common.^—*
preferred
1st pfd
Ohio Power 4 % %
100
ICO
Public Service 7%
Ohio
Nature'
nitiahnmo
4%
40%
-Seiberling Rubber new
116% 117%
110%,
110% 110%
50
"12%
53%
11%
-25
85.50 prior stock
Allotment certificates
12»/2
B)
(R
Semler
Inc
Sentinel Radio Corp
24%
9
•
Seton Leather common
Bhattuck
Pacific
Can co
Pacific
Gas &
5%%
1st
Elec
Power
Pacific
$1.30
1st
38 y2
105%
Jan
:
new
-
Sick's
Jan
8ilex
.♦
26%
28
Apr
Patcliogue
Jan
28%
Jan
Apr
14
Jan
10%
Jan
13% Mar
15 ••-••"Feb;-'
$1.40
Telephone
preferred
""pnrnprt
(;.';rn
$2.80
Penn
Power
Penn
&
class
A
com
Light 4>/2%
Co
Circle
Pharis Tire
Phila
Rubber.L
Pierce
Packing
Gr.*-ornor
III
Pioneer
Oeio
O'^ohnrcrl-
T olro
Pittsburgh
For
f-
49 Va
300
46 y2
22'/a
20
i;f:
28%
29
1,100
28%
2,700
15 y8
27'A
1,100
23
13
.50
46
46
.50
73'%
75%
660
13
13%
800
page
2322.
10% Jan
24% Mar
l69%fAp?,'i:
9
115%
Apr
11%
Apr
Mar
86 %
Jan
Jan
63%
Apr
Apr
50
Jan
Jan
Feb
Feb
Mar
;
Boss
Co—
23%
Southwest
Southern
*
1
Pa
Bouthland
~6%
Mar
Feb
12% Mar
14%
Jan
44
Mar
,72% Mar
13
Apr
Southern
47
*
Jan
78%
Feb
15y2
Feb
12%
12%
7^4
34
Line
Feb
Pipe
Line
Co
Royalty
Brewing
Co
Convertible, preferred
Standard Dredging Corp common
$1.60 convertible preferred
Oil
(Ky).
10
8
•
•
2.78
1
.—10
1
2u
10
,t.
v-
,
38
;.''
2%
•v;r A
13%
16%
41
6%
Jan
10% Jan
31% Jan
^ 43
Mar
44
Jan
51
303/8
Apr
40
Jan
Feb
,
14%
Apr
14%
Jan
13%
9% Mar
800
11% /
Feb,
Jan
157
-
,11
600
Feb
18 y2
Feb
9%
'
200
Feb
12
7V2
3,600
Feb
32%
3iy2
V;
150
r'
_
;;
29Mar
r
200
121/4
Jan
16
r
Jan
Jan
Feb
2%
1,200
3%
Feb
40
42%
4,300
34%
Feb
45%
Apr
40%
423%
1,600
1,400
35 J/4
Feb
45%
Jan
8%
Apr
Feb
24%
Jan
27%
Feb
24 y4
Feb
29
Apr
'2%
6 y2
7
—'
28%
Mar
•'
10%
.
y
11
16
.=•
14%
Apr
200
12%
41
Feb
Mar
7
800
10%
11%
Jan
7 V4
70
30%
123%
16
15%
55% Mar
31%
■
;
Jan
Jan
500 '
31
A A
Apr
220
;
..
30%
:V
26%
12
600
V2
.:
Jan
5
11%
1,100 '
48%" 49
48%
.
■»•
Jan
Feb
108
Feb
•
13%
8
17%
12,800
-1
California Edison—
Standard Cap & Seal common
Standard
-
70
7%
69
Pipe
•
*
5,200
5%
5%
,
common—
Shoe Corp
Stahl-Meyer
Inc
Standard
12%
11%
5'/4
6,100
25
23%
Oil
Spencer
,15y4
Apr
V Jan
,
24%
11%
original preferred
28
preferred B
25
preferred series C
25
Southern New England Telephone—100
Southern Phosphate Co
10
Jan
Jan
25
i-iM'
5%%
Jan
Feb
1,600
■
6%
Apr
7%
Apr
Jan
7%
106
.y /:%/
—
1
5%
29
~5%
21%
«■;
10
1
Co
Corp
Penn
30%
3,300
Apr
42
374
Manufacturing common
32%
3,800
6%
Apr
30%
30%
£1
Jan
12%
see
It.
Jan
Apr
-2
5
Apr
Jan
20%
n
com
Mar
22%
5 %
new
i Apr
,
.
Mills
Feb
Jan
12% Jan
16% Jan
'K.//
20%
21%
Jan
14%
ioy4
Erl6.«
21%
Mar
16% Mar
I
Metallurgical
Manufacturing
1,300
26%
•
Aircraft
Solar
Sonotcne
2,200
1
RR
footnotes
'
I.
—
L
E
76
2,500
Ltd
Pltney-Bowes Inc
Pitts. Bess,&
7%
1,100
47%
Solar
Feb
Jan
Jan
113%
«
Paper
South Coast Corp
63%
com
Mines
5%
■
South
27 y4
•
Johnson Ltd Am Shs
■:
.
preferred—100
(Howard)
Jan
28'/2
Co
common
Pinchin
Piper Aircraft Corp
250
6,100
3.90%
Jan
6
600
.
dep rets ord regis
City Gas & Elec Co—
Amer
Sioux
84
77%
19%
pfd
^
Jan
11%
Singer Manufacturing Co Ltd—
54%
58%
21-
Power 5%
Apr
29
1
100
common
Singer Manufacturing Co
73% Mar
10%
47%
Co common
Electric
PniUip8
common.. —20
Co
&
Philadelphia
new
Apr
111
•
preferred
Pattern
49
i 75%
power Co
Pepperell
Mfg
15
9%
;
convertible
$3
Simplicity
9
'
Jan
450
Vy ; 75
6%
6
114% 114%
pfd_.
co._
Penn Water
Penect
Jan
common
29
53% Mar
Jan
8
l.ono
49%
,49%
•:
' 'Apr
Co
Smith
•28
15% 17%
,74% ',75-\
76
-
11,400
8%
8
preierred
Trafiic
.
<8%
250
common
A
common
Fioc
Jan
6IV2 ^Jah
Euison Co $5 series pfd.
series
P®r>n
Apr
34
•
—
Penn-Dlxie Cement warrants
Pennsylvania
Jan
52,
24
■*
Peninsular
20
Feb
Mar
39%
1
—...
Mills
Piymoutn
35% Feb
103%
Jan
8immons-Boardman Publications—
Jan
8%
27
*
..-.5!
...—
Reel
'
49%
•
—•
Ltd
Apr
14%
finrp
&
Breweries
117%
Jan
14
Feb
Apr
Feb
7y*
113%
30%
y:'-
Jan
200
15
•
22
..
of Canada—
11%
common
new.
X161 %
100
preferred
4%
Sherwin-Williams
1,600
600
Jan
Jan
29
22% Mar
8*/a Jan
.3% Mar..
10
Jan
1,600
2,800
Jan
7
9%
23% 24
X161 % 169 %
23%
.25
113%
Airways warrants.
Pamepec Oil ul Venezuela Am shs
rt.g
Feb
Mar
100
Jan
9ya
25%
8%
8%
...•
Shawinignn Water & Power.
Sherwin-Williams common..
•
preferred
cHJuersourg
41%
108
Mining
Denn
-15
21
Mar
Jan
98
100
Mar
189% Apr
Jan
25
Jan
115
15
Feb
25% Mar
3% Jan
«
950
550
8%
; 3%
—
—B
100
pfd
American
wa.ramr»irtr
Feb
44% Mar
Jan
•
Service
.Parker Pen Co
14%
Jan
25
Light 7%
Tubes
42
25
$5 preferred
&
Public
Page-Hersey
Pan
1st pfd
6%
preferred
Pacific Lighcing
Pacific
11% Apr
common————•
,
9%
3% i r
;
4
llVe 12
Safety Control—.———l
Berrick Corp class B—....1
1
ftomrm***
1,900
750
8,300
108% 108%
24% 26
—
Sentry
46%
6% Mar
' 21% Feb
<• 5
Apr
9,500
„
102 V*
—
1
common—.,.—!
"
6
20
20% /
J 28% 29 /
5V*
6
29
32
102
102%
20%
Shoe Co-——————,.,*
— 5
Selected industries Inc common..—.!5%
Convertible frt/ti*lr' Vv. '
.: ■ ./
ii5ya ii5y8
116'A
common.—-4
fcW
Filters B,........
Unneq
on vet
—1
Distillery
Poindexter
Old
:
.——100
Oag common.—18
1st ptvierred
6%
4%
39%
4%
393/4
5%
Apr
9% Feb
17% Feb
-
Jan
42%
-
Mar
182
400
3,100
800
Jan
4%
6% Jan
170
19%
6%
7V<
23 % 24%
Apr
10 y*
.
163% 185
■
19
Segal Lock
10%
38% Mar
v 110y2 Mar
—
Apr
12% Mar
Mar
Mar
Mar
7%t
8
3y8
33:
13,100
1,300
Scullin
n,
33%
Feb
9% Feb
1,900
400
Seeman Bros
Novfcdei-Agene
9% Mar
Wt Yew
26
6,650
3%
40
8
42'%
,
8%
'
—-.*'■//
Scranton Spring Brook Water Service—
Scranton
I
.
•
•
(D A) Inc....
Manufacturing
Elec $6 pfd_—
Schulte
-
8%
8y8
3%
.
.......—-8
Oil Co
Schiff Co new
Indiana PubServ5% pfd—100
Northern
United Corp common——1
Savoy
50
Co
1
Salt Dome Oil Co
Samson
.
28ya
29
•
'I
^
2,300
2y4 Mar
-
•
6
•
Numbe^'4485:®^
>
COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK CURB
Friday
Week's
Last
New York Curb Exchange
Low
tr
.1
Standard Power & Light
Common class B
•
!
.1
.1
f 19
6%
.1
10
Tube
class
B
Starrett (The) Corp
Steel Co of Canada.
•
6%
9%
.1
.1
46%
,
■B
*<
49
29
8%
2,400
44
—
8,800
4,600
2%
47%
200
V!
Assoc
195S
4 3,800
32
M
5s
.*■
4%s
1953
5%s A
5s
series B
series
C
Sunbeam
*
Corp
.1
Ray Drug Co
Superior Portland
*'■
Common
Cement,
39
,
38
39%
1,400
x38
45
45
48%
1,200
28
Edison
28'/8
.28%.
28%
.
Service
deb
Conv
5s
Jan
<
£ 3 %s
El
102 &
——1954
■".'v-
m-s
4s
B
ser
m-s
Residential Mtge
u-s
1961
Power 3%s
%
7
160
-100
;—.1
1
(
x'
'
series
6s
B
-
8% Mar
7%
8%
Jan
Chemicals common
27
Mar
30
1%
7
United Light & Railways
13
39%
11
105%
107
3
128%
130 <
130:
76
1
10*4% loS
72
19
81%
49%
76
92
.
%
31
m-s
1950
j-j
5s
Power 3%s
2%
Jan
Kansas Power & Light 3%s
1969
Apr
Kentucky Utilities 48—..^..^.—1970
McCord
25% Feb
.,
31% Jan
Jan
Corp deb 4%s——1956
Valley RR—
to^———1963
Midland
60,* Apr
100% Feb
Mar
Gas
series
Light 4%s
5%
1981
,';x,
■-
65
.
>
2
:
48
,
60
'*
103%
y
50
32
-
63
„i
60
100% 103%
31
95%
100%
50
■-
55%
•
.
'-r
104%',107.'
V
*114%
114% 114% ;/>:
v;^-
Gas
t
114%
115%
109
■
7;
111%
3,000 >
6
7
6,900
5%
6V'8
10
10%
9,300
27
27
V
5
(
9
100
Ohio
52
-
Power
1st
mtge 3s.
Ohlo Publlo Service
Jan"
Feb
9,400
4,100't?
25
4%
■
Jan
■
Power
5s
21
j-j
j-j
4s—.—.1902
f-a
f-a
1964
104% 105
101% 103%
J
45%
22
m*
46%
107
108
106
'
24
.
;
103%J 105%
107 %
11
—
,101%
108%
106 %
1
1#
45%
99
101, ..105
7
107 y« 107%
*107% 108%.
104%
108%
>104% 106%
Gas
Coke
St
stamped
12
1st
10%
91
14
106
105% 106%
103% 106%
—
j-j
m-mm
f-a
103
—
perpetual
108
108
f..1
106%
r
108
106%
.
21
113
New
103
10S
105% 105%
105%
J-D
G%
107%
104
105%
*99% 102%
j-j
m-s
3-D
of
.,
106% 107ye
—
104%
2
2
/
.
,
Co—
1964
Service
103% 106%
f<: 81 .91
3
106
106
j-d
extended—...—1950
mtge 3%s
Public
-
90
105
m-n
Sinking fund deb 4s—.1949
115
91
105
m-n
—
fll.5
-104% 104%
j-j
1977
Power Corp (Can) 4%s B——1959
Public Service Co of Colorado—
24
103
101%
101%
107%
'/i.a;20
107
.45%
107%
::
.
•v
103% 103%
107
•
81
101%
103
a-o
1979
Portland
9%
2004
■
105
98%
98%
:
-
ioi
103 Vz
Pennsylvania Water & Power 3%s_1964
>
3%s
1970
Philadelphia Elec Power 5%s
1972
■
.
ft
5s
1st
Feb
Jan
100
—
p
107
100% 101%
*107%
-
•101
m-n
Llght SS——1955
Park Lexington 1st mtge 3s
Penn Central Lt & Pwr 4%s
Jan
4
a-o
•
m-n
a-o
Pabiflo
21
11
,
5% Jan
200
60
—.1971
36
550
61/8
...
11%
f105;
.
100% 101
1948
1968
(part paid)—
mtge 3%s
24% Jan
115
5
100% 100%
1964
1st
Feb
22
+
—
'.
•
'
100%
101
1954
Gas 3%s
&
A5%s series A
12% Feb
4% Feb
2,300
4%
'8
106%
-114
'•*105%
-
1948
Westchester Ltg 4s
North Continental Utility Corp—
6%
24
->
.
100%
1961
;
N Y State Elec St
*
5%
5%
106
i.04
102%
76%
106% 106%
*112
—
105% 106%
103
74%
'm-n
England Power 3V«s
England Power Assn 5s_
Debenture 5%s
16%
49
3
m-s
ConvTdeb "kT*"*'""**'''"
NY
15%
,..8.-
3-D
-
16%
103'
f. —
j-j
New Eng Gas St El Assn 6s——1947
16%
6
103 y» 110%
105% 105%
m-s
1948
5s
110%
j-d
2022
Amsterdam
New
3%
93
Manufacturing.
J:
m-s
—1967
4%s
A
84%
16
Petroleum
48
59%
46% *65 v
104% 105
.
a-o
Extended at 4%
10%
91
▼alepar Corp common.
$4 convertiole preferred.
;v
F-A,
92
1
108%
Apr
31%
-
j-j
21%
•
f $5.50 priority stock
.
99 V'a 100'/a
*46
■
104%
j-j
48%
8
4%
50
103
100"
—
'
-m-8
■
Jan
common
24 %
105%
105%
52
50
¥■
V
j-j
6s———1968
Superpower
1037/a
105
:.4v
51
50%
—
j-j
Feb
and International Securities
lOo
—..—,-.1952
.....
Jan
16
utility Equities common
j-j
1957
6s
1
New
5%
103%
'
•
47
15
New
52
•
■
106
>48
j^j
F—-1952
m-s
48%
.
105
102%
(Aug 1941 coupon)......1957
2022
23%
10
105
•
48
Kansas Gas & Electric 6s
23%
—
105
-
*48%
-
—
Jan
22%
500
United Wallpaper, Inc
9
Universal Consolidated Oil———....10
Universal Insurance
10
Universal Proaucts Co
•
Utah-Iaatio Hugar
8
Utah Power St Light common
•
75
105% '106%
__
105% 107% C
j-d
j-d
21%
Reclaiming
mmi
1966
47%
United Stores common
_
Kansas Electric
22
•
105
'
.—1957
Jan
22%
preferred with warrants
—
1968
1
U S Radiator common
.
.
Jersey Cent Pow & Lt 3%s.,—
63% Apr
1
5%
102%
j
32
83
.
kw?
*103% 104% 4
"•
m-n
1%
3
—
002
*102% 103
f-a
1963
3%sJ—•—.1970
n
Power
105%
-
v--;'v ;--
20%
10%
class B
*105%
-
%<
V
6s
United Specialties common
106
//
'
109
7.1
(July 194l.coupon)——1952
Milwaukee
83%
74
106
**
a-o
1957
5s_
Nebraska Power
Sharing..
&
-■-101% 101%
74
:■
48%
95
Machinery common
25
——-.——28
-101%
62
101%
1-';
:
*104%
•v
:a^o ''
Jan 1949
19%
47'
preferred
60%
107%
.
i
30%
>
•
„
Feb
i_
107
104%
*62%
104%
Feb
,
Venezuelan
8
43%
1 T941 coup) ——1955
Debenture
United Molasses Co Ltd—
Amer dep rets ord regis
United NJ RR St Canal...
Rubber
V;
75 Va
109% 109%
j-d
1%
20%
*
Products
participating preferred.
/;•'
j-j
48%
46%
—10
\
j-j
•
E
series
a Italian
United
Products.
common
\
(Deo
series
Interstate
29%
Graphite
126
41
■
Jan 1949
St L
series
A6%s
-
13% Jan
11% Jan
22% Mar
Foil Co
>120%
Co—
Service
13% Jan
5% Jan
3% Jan
8% Mar
of Canada.
Preferred
'
.
ref 5%s series B
%8
preferred.
Aircraft
Vogt
-7
1st lien St ref 5s
United
8
<-
-—
Power
Indiana
59
$5 1st
/V
Hygrade Food 6s ser A
-1st &
Union Stk Yds of Omaha
U 8
/
Indianapolis P
United corp warrants
United Elastic Corp
/
j-d
Illinois
11% Mar
Shoe
/ /i
76
—
:
Union Investment Co.
United
130
130
104%
j-d
Grocery Store Prod 6S
1953
Guantanamo M West 6s——.^.—1958
Corp—
Manufacturing Co.
Profit
'
130
a-o
Rayon Co 6s ser A_.
1948
Grand Trunk West 4s——1950
Green Mountain Pow '3%
<
1963
>
Realisation
l0&
105
74%
C
■
—
iqao
a
A General
Udyllte Corp
United
•
x*"
Gatineau
A7s
$3
Y5
:y,->2's
Bank—
stamped
A7s
United Milk
110 I
108%
2
106 % 106 3/s
r/
41
^4:
"
warrants.
Corp
I"* 107%
;>
*120
j-j
A 7s
Gas
109%
•;
107% 107%
;K\
a-o
1965
A 7s
United
107%
105%
106%
of U J Division—
llnternational Power-Seo-i
Gas
105%
107% 107%
j-d
1993
Tung-Sol Lamp Works
Union
10215
104%
'
Inc.
den
102 A
107%
:
105% 105%
j- j
1993
6s
Transwestern Oil Co__
Unexcelled
104%
105% 106%
j-d
Elmlra Water Lt & RR 5s-^—1956
Exports.
convertible
106%
-
1st mtge
Co common..
7%
preferred
Tonopah Mining of Nevada...
Trans Lux Corp
80o
73
104%
107
(Bait City)—
Eastern Gas & Fuel 3%s
^
Trunz
106%
102 3n=
106%
1st mtge 4s ser A
9
Todd Shipyards Corp...
Toledo Edison 6% preferred
U
106+
103% 103%
series N—1971
Gen mtge 4%8—
if
100
pfd
Amer dep recs def reg—
U S
(Bait)—
108
109%
66 %
103%
Roofing Inc.
Tri-Continental
68
106
...
Lt St Pr
80%
82
105 y2
1950
5s
Lackawanna
50o
Product
103
67%
1st ref mtge 3s ser P—.1969
1st ref mtge 2%s ser Q
1976
.
U 8
,102 % 104%
103
1969
Tobacco Security Trust Co Ltd—
:
Amer dep rets ord regis.
:v
102%
«
1958
Tishman Realty St Construction
Tobacco & Allied 8tocks...
Tobacco
110%
119%
1966
5s
Finland
Tllo
108%
108% 103
Delaware Lackawanna & Western RR—
Textron Inc
Thew Shovel
108
119 %
5s
common.
Texas Power St Light 7%
Texon Oil & Land Co
105%
106
115
Debenture
•",
104%
1-03%
-108%
Debenture
Taggart Corp common.
Tampa Electric Co common..
" '101%
3
"n 9
105
Cities
Mar
28
107%
*118
1954
Consolidated Gas
Technicolor Inc
108%
1948
A5%s
Mar
102%
>105%
106% 107%
Jan.,,
14
102
105
'
106%
Mar
26
1,550
:
fAChicago Rys 5s ctfs (part paid)_1927
Consol Gas
-
105
■
1970
2%s
fACentral States Electric 5s
Inc—
Swan Finch Oil Corp
'
106
'
■
117%
Feb
Apr
124
113
Apr
47 Va
111%
123
113% 113%
Jan
Jan
104%
109 y8
113%
8%
3%
v"
1962
25
Apr
High
4
,
*111% 112
.1060
6%s
Called bonds
Sun
lllVa 111%
102
f
1957
16%
v,
January 1
101%
—
'
J-J
v
Range Since
Sold,
Telephone of
<Blckford's Inc
Jan
*102%
M-S
Elec
T & T deb
Bonds
Low
•iM' •',v,;-J
M-S
Associated
Range
Friday's
High
111%
A-0
Atlantic City Elec 3Vis——.———1964
Jan
2%
2024
or
Bid & Asked
lyt''"'-
'4:: J-J
1970
Feb
1st
ri8% Mar
7
3Vis
J"D
Jan
Bell
11% Mar
550
Pow
1961
Jan
7% Mar
8'/a
Elec
6s
Low
■
9%
Boston
21%
43
Last
Sale Price
14 Vi
Jan
16%
Paper
Far
f
Appalachian Pow deb 6s
Jan
18
f
700
7%
2%
Jan
Jan
,24
1,000
.
Appalachian
72% Jan
14%
•
2%
-•
•
Stroock (S) St Co common
'
Week's
Friday
Interest
,,
,
23%
Jan
Jan $
.
I Amer Writing
" Jan
160
Apr
20
14%
7
6%
<
-'it/Of? ''/'(•>
6% Jan
Jan
7%
30%
7%
.
•
;•
6,000
1,300
8%
Jan
Feb
18%
High
-
2,800
•
65
29'A
1
(J B) Co common
(Hugo) Corp
138
1,300
7%
10%
43'A
v?
.1
Sterling Engine Co
Sterling Inc
Stlnnes
59%
:
.1
Sterling Aluminum Products
Sterling Brewers Inc
Stetson
64
3%
10
.
(A) & Co common
Sterchl Bros Store? common
3%
700
•
Stein
19
>
/
Exchange
Period
.
15,200
155
20%
New York Curb
.
Range Since January 1
Low
6%'
155
Standard
for Week
Shares
5%
5%
Standard Products Co
bonds
High
5
•
Preferred
5
f'
Sales
Range
of Prices
Sale Price
2321
EXCHANGE
RANGE FOR WEEK ENDING APRIL 26
STOCKS
"■.;:.•>-
'.
'Volume '163
10
"
106%
10
!
107%
,,f 3>
101% 102
104
Jersey—
certificates
m-n
-
171% 171%
—
2;
172%
Queens Borough Gas & Electric—
;
Waco
Aircraft
*
1%
6%
Waltt & Bond class A
■
Class B.
'
34%
1
Knitting
Mvlls
\'p"i
Coal
Va
Western
St
'w«_-v
v
Western Tablet &
Williams
Willson
Mfg
i
1
River
(R
Oil
C)
St
Products
Wmipee Elec
Corp
•
Inc
P
Woivenne
Portland
L
j
B
4%%
American
6%
Wrisrht
100
(F W)
4,300
6%
63
70
2,900
1,200
30
500
San
9% Feb
—
see
.
__
13
145
39
Feb
6%
Apr
5%
>
Feb
20%
-
■
Feb
•
'
/
Jan
Southern
California
Southern
California
10% Mar
24%
7
49
Jan
8% Jan
Apr
Jan
page 2322.
m-s
19%
23%
31
40
40
8,400
42%
•
50
j-d
1951
a-o
100%
1965
m-s
107%
3%s—1970
:i:/?
33% Feb
425
40
Jan
Apr
19%
19%
100
38 c
23%
25
1,100
200
u 30 y8
31
;
110
110
12%
Feb
40%
49
"24%
Apr
Mar
16%
Feb
20
104%
108%
125
55
Jan
20
29
Stlnnes
126
•;
13%
18
600
.
„
30
14
14%
:
.>500
7^400
8%
Apr
16% Jan
112
Apr
Jan
13% Apr
10% Feb
:
Apr
11%
Jan
17%
Jan
16
•
Apr
<
16
16
500
~4%
~5
18,800
16
Apr
7
.£1
Feb
4%
Apr
17% Mar
-
7
Feb
6%
Feb
(Hugo)
Toledo
Edison
United
Electric
United
y
' Apr
33
12% Mar
110
>
14%
Jan
,
103
3
103
98%
31
4;
101%
108%
4
1051/2
109
7
>;
107
107
r
m-n
a-o
.114% 116
Light
1st lien
&
105
107%
•-
series
$108%
•'/;
■=.
a-o
1968
104% 105%
>108%
108 Va
15
104
85 Va
87
g
•*J 78
41 y4
85%
41%
1
N
J
j-d
1959
4s
a-o
*40
j-j
1949
3%s
116
,
108%
i:105%
40 Yi
:
40%
105% 105%
>V
10
96
48
(Maine)—
110
103% 104 Va
—
103 V*
f-A
2022
m-n
;
107% 107%
Utah Power & Light Co—
-
28
106
>
1952
;.
A
107 V*
108
v
5%s
««
48
105ya
U08V8 108%
& Power Co—
cons
A
Dabantnro
,20
—
Industries—*!
United Light & Railways
6s
—
j-j
—1948
107%
.
•
A7-4s 2nd stamped..
Jan
31
Apr
' Feb
__
107% 107%
..
j-j
f-a
1946
'
A7-4s 3d stamped
-
;
:
1989
inc 5s
Stinnes (Hugo) C'orp—
Apr
Apr
21%
735
..
j-j
1950
5s—
G)
(A
AStarrett Corp
:
Feb
34
i
500
31%
112
Gas
3s
Counties Gas (Calif)—
mtge 3s
1971
Southern Indiana Ry 2%s——i.1994
Southwestern Gas & Elec 3%s_—1970
16% Apr
155
Feb
100
34
X25
107
1
.*.103%:
100% 101%/:
1Q7.%: 108%
a-o
Edison
1st
Apr
10% Jan
Apr
12% Mar
140
22%
X25
;4
105
*123
-
...
1951
6s
mtge 3s
115
U
..
__
!
Southern
-
'
'70
112% Mar
^
13%
•
Estate
8cullln Steel inc
10
16%
145
9
Bs
Real
Jan
114% 114%
v:'
X
; 107% 109%
114
6
116
Waldorf-Astoria Hotel—
A5s
Wash
West
receipts
Ltd
1952
105
j-d
Joaquin Lt & Pwr 6s 3-
ASchulte
32% Apr
114
3,500
ioy«
10%
114
114
Ltd—
deposit
For footnotes
22%
]
——
preference
Harerpaves
20%
6%
10
Petroleum
Woolworth
150
40
..
•
pfd
Cement
Wood all Industries Inc
Woodley
6'% Jan
19% Feb
113% Mar
-K
'
common
Wisconsin
St
10
Co
—mm
Spalding
15%
__
20
—.10
(Wm & Co
Whitman
Wichita
1,800
2,400
'•v'
p.
•
com
Inc
8hoe
'.a!, f}
—.8
Coal..
Westmoreland
10%
•
1st pfd—100
Stationery
Westmoreland
68%
1.28
y
Coke
7%
31%
34%
8%
8
8
Maryland Ry 7%
Wevenberg
21
6%
Wentwnrth Manufacturing
West Texas Utilities $6 preferred
v'y
33%
■'
Co
28%
—1979
—
106% 106%
..
'
__
•
■
Watch
a-o
A
■
Baking Co warrants
Wayne
West
29%
Iftfl
T,
Ward
Harifttt
Safe Harbor Water 4%s—
Co
Wagner Baking voting trust ctfs ext.."
Waltham
5%S
West
Income
Water
Penn
6s
Power
Electric
Penn
Western
dabs
..1954
3%s
5s
Traction
1964
.2030
5s
1960
88%
91%
*3 no
72%
91%
107%
110%
108
-
108V8 108%
108%
122
123% 123%
123%
101%
106%
Newspaper Union—
conv
s
f
debentures
1959
*104% 105
-
Monday, April 29, 1946
THE COMMERCIAL & FINANCIAL CHRONICLE
,
(
NEW YORK CURB
EXCHANGE
;"iV';::':itANGEFOR-WEEK /ENDING'
interest;
Last
.Period
Sale Price
Foreign Governments & Municipalities
BONDS
Exchange
Curb
York
Now
Interest
(Col)April
1940
Jan
Bank of)
1947
J- J
1948
7s
-A20-year 7s
Bogota (see Mortgage
ACauca Valley 7s_
J-D
1950
,T-J
ARussian^ Government
94
96%
*■[
27%
.26%
1
89
29
2
27
32
21
23%
24%
<
(Plan A)
2y8s
stamped
Interest reduced to
—2008
stamped
—1951
J-D
AMedellin
;
7s
M-N
—1947—1947
Chile 6s
-
,
Bxrdivldend.
J-D;
50%
being/traded flat.
ABonds
.
.
■**+><> ~'b
51%
51%
20%
'
$29
96
37%
43
39
.37
10%:
10%
' 9%
High
90"
1
.
-41%
a04 j
34
'
7%
-
14
,
23%
■
ioo
Sales being transacted during-oonrent .»«ekc/ •'
7. ■:
.
'
1
HEx liquidating cash dividend
^Mye;
-n Undnr^tha-cOi* -»»)•.
Ex-intoreBt. -8^
-
itEridayia/bidvand. asked prices;
36
50%
%.
$51
.y;
,v—■ -yy $51
A-O
—1931
1927)
(issue of Oct.
A7s
33%
2
36
.
9%
'
>
ofi
■'
'
j
.V
$22.50, .plus stock distribution.
Abbreviations used ,|tbove—•''Jsptt/;
Mortgage Bank of Bogota—
A7s (issue of May 1927):
AMortgage Bank of
''
^Reported in receivership.
36
36
*' ''
"441%
—
J-J'
Low
45
10^'>"' ',! 9-%
d-D
.
:a%Defefred ^delivery !«alff:. .d
.value,
$41
M-N
1
-
xCash 'sale,
t
•
Maranhao
*1
>' f%r
.94
29
t-
.1919,w'
Range for
January 1
sold
Ho.
-96
92
$23
6%s
-—..,^-^.1921
A5%s
:
"95"
t42
Rio de Janeiro ^stamped^ (Plan .A)
/
'?^ .
^Interest ^reduced to 2 ^—--2012 :', r J-J
80%
80
92
M -S
fi'/as stamped. 1958."
(Peru)
T
30%
$94%
.
__
-yy.;-;..— 0-^
Danzig
City
78%
80
1
—
$28
F-A
1952
$80
.■
M-N
1953
Port & Waterways—
AExtemal 6yas stamped
'
t'M-B
—2008
Bonds
v
-
High
95
95
1973
'•iy^-idnterest reduced to 2y8s
High
.
Danish
5%s_
Extended
5s.
ALima
Mortgage Bank of Denmark 5s
Parana stamped (Plan A) ;
.
January 1
.
80%
•80%
80%
A-0
A 20-year
Sold
Low
High
Low
Range Since
Bonds
Friday's-,
Bid & Asked
or
>
Sale Price
Period
Par
Agricultural Mortgage Bank
Last
;.
Friday's
or
Bid & Asked
LOW
Week's Range
Friday.
•-;:0
Week's Range
.Friday
BONDS-
New'York Curb Exchange
'
"cons," consolidated; "eurn," cumula-
certmcaces 01 oeposi^;
'Utouyp^ boxivertible; ^j^^ottng jtockr^Vt o^
"W i," when Jssuedj Vw w," with warrants; "x w," without warranU.
,
OTHER STOCK EXCHANGES
y
■
RANGE FOR WEEK
ENDING APRIL 26
,
Friday
,
3
Week?s
Friday
V
v
Range
Low
-Sale Price
of Prices
Shares
•
28%
29%
—*
Bait Transit Co common -*TtC~*.>—. -U-'
v t c—•
inn
40
Preferred v t c
——100
—
40%
640
56%
56%
30
25
,255
38%
■
—1'
«—...1
Inc—
Eisenberg
Brager
Jan
4% Feb
444
7%'
'.•■7%
High
'
Low
30
10
<28
Pennsylvania
Apr
"178%
178%
'
41
Feb
'Apr
i
00
-——--20
.100
-cum prior pfd
100
6.75%
ty
Casualty
North American Oil Co
100
179
—
Apr
3
,37
70c
14
unmon—
.10
common——10
52%
54
47% Jan
60
Apr
-541-
38%
196
144"% 149%
771
I
Fruit-.~Co-
U S
—
—
Sale Price '
•
Par
Sales
for Week
of Prices "
Low
American
*:.
o.—
Agri Chemical Co.
Sugar Refining—
Tel
American
Tei
&
American
100.
,
High
193%
Woolen
55%
Copper
Anaconda
50
...
68
1,940
.797
49%
822
46%
__
105
Low
,
.
Boston
Elevated
stamped
'
43%
|;Saie Price
58% Feb
195% Feb
56% Jan
51%
Jan
:':B:BBBS:y
.143% Jan
Mar
1,425
23
126
136
48%
83%
44
Mar
41%
41%
42
Apr
150
,
,V
317
Apr
25
Jan
2,003
150
47%
.82 Va
152
•
Admiral
Corp
Ball Bearing common—r—
Allied Laboratories common
Apr
y
•/
pfd—
Service
/American Tel; & Tel Co capital—.
& Co
Armour
1,445
37
Feb
43 V4 Jan
549 :
32 Vs Mcr
•
■
,
.
59
v
,Apr i ;
39% Jan i '■
>
15%
—5.^11%
—*>V,12%
10%
High-
Low
16
700
15 %
3,200
3,200
10%
Jan
13%: Jan
14%
Jan
Mar
.19
550
550
25
,
Feb
Feb
.
125% Mar
134
Feb
185% Feb
240
240
500
......
20 %
Apr
-9% Mar
1,250
12%
;12
12%:.
23% 24%
125y4 127
.192% 194
;
-JV;.y 24«/a
.100-:: 127
1Q0 £.:193%
Range Since January!
Shares
man
194
Apr
12% Jan
15% Apr
Asbestos Mfg Co common-
.
2,100
4,250
Mar
19%
Feb
1,350
6% Apr
8%
Jan
Aviation Corp (Dejaws reU^^—
t
3,450
9%
common.—
350
: /Barlow & Seelig class A com^—
Bastian-Blessmg Co common
i Belden Mfg Co common—.
Bergboff Brewing Corp—
Trust
..
/'
5%
5J/a
15
Jan
7%
y,
Jan
:<i4%:Feb
21% Jan
19% Jan
70
Feb
350
34%
Jan
42%
450 ;
22
Mar
26% Jan
Apr
12% Mar
17%;Feb
20 y8 Jan
20% Jan
1,200
V 750
Binks Mfg Co capital
.Rliss <Sc Laugjblin Inc common,#—.
RR———
/Boston At Providence
Public
American
:
——„
Prop
Personal
34%
155% Apr
20%,Feb r;i
18
Jan
,49% Feb
Low
common—-—;—
Advanced Alum Castings
;
84 Va Apr
class B
Boston
150
,
'49% Jan
class A
8%
y.,.9;
62
59 i:
Athey Products capital
Automatic Washer common^wU—.
'
.
prior
5%
20%
of Prices
rtr
Feb
preferred
—
1st pfd stamped—
1st pfd stamped—
7% class C 1st pfd stamped—
7 %
*77% Apr
,
Week's :'B Sales y
Range
for Week
Friday
45% Apr
'
^
.
■:
25
83
...
—.•
Herald Traveler Corp
Common
148
152
48
-100
Ry
& Maine RR—
Boston
24%
r'\l [\ '<
—25
Edison
Boston
152
24%
Albany RR——— ..100
Boston &
•Boston
-BM
—•
Inc..^,-—
Son
at
A
-100
Bigelow-Sanford Carpet 6% pfd
64% Mar
■
:
85
.Apr i ?
48%, Apr ;n
78 % Jan
46% Jan
56
33
High
,
38% Mar
49% Mar
185% Feb
30% Jan
Aetna
Biro
153% -Apr
•
,
45%
547/a 56 Va
192% 194%
48% 55%
—
.
100
—
110% Jan
Range Since January 1
Shares
45%
—
38% Apr
20
.
'
Last
American
*r.
.
47% Apr
Jan
Exchange
Week's
Range
Friday
"'V'
•
25%
2,157,
155% 155%
»—
Westinghouse Electric .Corp——.
'Last
245
v*
.
38% Jan
110
79%
23% Apr \
9
Apr
43% Jan 5 '■
71% 72%
(S D). Co.—...J.*.*..-,
Warren
85
o
,
; <
iott^Reb
';,
Jan
.'Mar1"-
39
.
48%
4
.Jan
3% Feb
.
18% Feb
• >
7
;;;
77%
Smelting Ref & Min com
Waldorf System .Inc—
-
Boston Stock
'• 791
48
—
■
",415-
83
Vermont & Mass Ry Co
•
(subordinated)—
.
6%>^preferred-—— 1——i..
U S Rubber
Vernon-Woodbury Mills Inc—
20*yr debs
48%
I
PaiteA-SbaeJMach^commort,^,,,^'.
v
-
Transit Co 48......... —1^70
;,;./-'5s -series. A-i^i-^.—
.——.—1975
47o
45%
Twist Drill——-
United
:
Baltimore
Mt
42 y4
United Drug
vBbnda^.^yyyy^
■■
41%
.-■*,
.
;17^ :Fe>>-
495:.'
■
-
_
Union
-
'
i
52%
50
50
& Guar
U S Fidelity
8%
.
Jan
1.30 Mar
16
Apr
Feb
Jan
23%
.^:,y
'Tnwinfftnn Prt y.-.y,y
t
17%
217/a
.8%
1% Apr-
'l.
-
278
17%
t.
37%
Tnft
\
17% Jan
1% Apr
8
.
com—.
Association •;«—
102% Jan
3iy« Mar
300
50
1.00
1,00
16
16
100
■
Elec Securities
y
;
./ 6% Feb
;14%"<Mar
20
Button Hole Mach
Wphrtw
'
,
,
-Folding Machine——
,«trmo ■*»
Apr
40
255
35%
34
1.00
25c
25c
_—
,508
■»•
Reece
Apr
47
18% Jan
98%'Mar
88
40
102J/4 102 y*
34V4
a
2
Amsterdam
Seaboard Commercial
Jan
46% Mar
168
105
47
u
•
-Rutland RR 7%-pf<LSha wmut
40
Common
New
179
47
45
Recce
56% Apr
,52%.Mar
41% Feb
3% Jan
1,127
V-
Suburban
Vernon"Woodbury MiUsr-^i.•
Mt
178
—
47% Apr
47% Feb
■'(
16 V Apr
45% Apr
308
RR
8% Apr
,
-
ans
-—•
Merchants & Miners Trans...—
High
Jan
3
650
Qulncy' Mining Co
:yy\i>
Fidelity & Deposit Co......
.———_—!g0
—^0
1.2%
common.—*!..
.Pacific: Mills vnew
-
Arundel Corporation
[
Low
High
11%
Range Since January 1
High
.Low
Par
Range SlnceJanuary i
Shares
of Prices
Old Colony RR
for Week
Sales
Tof Week
Range
Sale Price
Sales
Last
Week's
,•
•.SLast
Baltimore Stock Exchange
^7%,Jan
-100
29
Sit .29
*3,300
1.
Feb
Feb
35%
Feb
*
Calumet
.
&
Hecla
Service
Cities
\*
——
-*
.
-J"
Co_
Boston
&
101
prior preferred
—...100
preferred
100
Eastern Mass Street Ry common.—100
79%
—
7%
101
preferred
Bruce Co
r
8%
»y
Employers Group Assoc
Engineers Public Service
General
Capital
General
20%
41
41%
290
40%
Bakeries
407/a
75
63%
50.35
Hole
Mach
'y^', ■;
4Vz%
,
v-
50
•
(Del) 6%
5 %
2%
1,800
,116
Mathieson
20%
20%
Alkali
3%
60 Va
Narragansett
Rac'g
49%
preferred
—100
12%
12%
50%
52%
2%
500
347/a
Chicago
25
70
Towel
Co
capital
105
New
Common
'75%
77
26%
30
645
Consumers
21%
22%
326
Common
267/a
-5
1
—
England Tel & Tel
North
Butte
ily
For
footnotes
see
page
100
2330
iColeman
23
13
1,300
140
194%
Jan
Apr
Jan
5% ,-Feb'
25
Feb
13%
I
Jan
124%
Feb
184
3,110
A''
.
50%
:
•10% Jan
115
Apr '
*1'"3'
113
Feb
3% Mar
-21
Jan
50
192
Deere
y
V/2
.?•'
121
128
130
119
1%
&
pfd-.i.
feL.*
._5.
common
MmWPi
Feb
.10
common
.198% Mar
76
130%
360
127
1%
3,760
75c
Mar
Jan
132
Feb
133%
Jan
nomest.ir
Jan
2%
Feb
Eddy Paper
.16%
Jan
11
Jan
22
8% Feb
950
59
200
27% Feb
130
115
Jan
500
79
Jan
93
128
300
120% Mar
Feb
.
118
91
.140
128
34%
34 Va
f
Apr
63% Apr
Jan
^25
—50
35%
-
Corp
class
(The).,
A
,—5
ii—>
Jan
Apr
y2
36
Va Apr i
20
25%
Apr
Jan ?
Feb
36
Apr
Feb
25
Jan
Jan
52
Apr
32
Apr,;:
-18%
Feb
31%
,450
t'B 17
52
50
45
32
/\
50
30
Feb
46%
Feb
k50
12
Apr
;
•
i,
r
yy.-.yj
200
14%
14
14%
30
30 V
30
5%
74%
y
578
V
6%
B 750
-
Apr
Jan
7% Jan
v
4,300
18%
18%
•52.
A.^$v
i.10
—
Tnc
34%
300
32
26% Feb
3,200
•
49%
Corp
Industrie?
900
14
v.21
common
Doehler-Jarvls
20
Mar
•116
117
14%
—1 V
partic pfd
vtc
Dodge Mfg Corp common new
152
'
28
"
partic shares vtc class
Co
13
47,800
,65%
■
725
97/a
10
—
Consolidated Biscuit common-
2,0,§0
20%
•
pfd—..^4
(The) Co Inc
Co
20
15
pref.i.* '
93%
Commonwealth Edison
I';)'
—2.50
Mining
/
1
•
preferred
23
/Club Aluminum Uten-Co com_-_—
_•
Cos
xl07
390
3,050
12%
Cities Service Co common
165
I
34 Va
1
33% Jan
1,200
,
5
117% 119
—
,conv
i
*
England Gas & Elec Assn—
5%%
New
Service
BByh-
■■
v.tc
Nash-Kelvinator
National
4%
Jan
J/'" "T
V
120
Assn Inc
109
110%
Convertible
627:
47
Mergenthaler Linotype
Apr
48
300
47
Works
108 y2
110
Cherry Burrell Corp common———u-8
Chicago Corp common
1
10
3%
3%
J
i-;
Associates
'<
10
(A M) common.—.^
Central States Power: & Light
r 35
116
57%
preferred
Util
Mass
32
Central Illinois Pub Serv $6 pfd..
"Central HI Secur Corp common.^
' Convertible preferred
1
Chrysler Corp
Maine Central RR common..,
Jan
Central S W Utll common..
I-> Prior lien preferred.
Preferred 1.—
880
2%
pfd
25 y2
I
727
19%
.—50
Copper
Lamson Corp
22.; .Apr
900
108% 108%
Chicago Elec Mfg class A
Kennecott
1,250
30
preferred
Castle & Co
1,655
427/a
2%
y/;r^
'
:
.
23%
31%
16% Jan
27 »/8 Jan
:
22%
!
:
'fu;7~B'y~
10
Co
——
:
48
18%
•
•
950
Brotb«r# v »T,,u.,—
'
—
Royale Copper
50.35
16%
I,",
175
65
39
39%
Mar
io% Jan
15%
1,910
vs
46%
*'
A—..
preferred
Button
ti
mmrn
.
class
Class ;B V.—
Int'l
*
r:
k
"«■' "
Ilathaway
conv
»;.y
—
v
$7
41
—
Corp_
Gillette Safety Razor Co
-
J
yvCr-
1
Electric
Isle
,
National • ..Stores.———.
First
■'
1
—.
9% Jan
39
350
(EL) common
Burton-Dixie Corp
47
19%
*
Lines Inc common
SS
40% Mar
29
Apr
700
Uurd Piston Ring Vcommon.^.L^.
Rutler
43%
•
Eastern
750
150
...
46% Feb
80
110% 111 &
series A——100
pfd adjustment
—100
; 1st
(
J^ capital
Common.—.
Associates—
6%
6%
'.f:
,»
Fence & Wire class A pfd,
Brown
——10
——
Fuel
4%%
5%
%
Borg-Warner Corp c&mmop...-
.
Brach & Sons (E
East
Eastern..Gas
a-
y-
;28% Mar
200
55/2
3,050
Jan
Feb
16
Feb
31%
Apr
8%
Feb
"
74%
140
48%
Jan
75
Apr
i.
163
Ntwnber 4485
THE COMMERCIAL & FINANCIAL CHRONICLE
2323
OTHER STOCK EXCHANGES
range
Week's
Range •.
-Last-;
•
25%"
•
SimonB^'Cotttfell-Dredge fe-
'Dock
Flbur
Co
America
oi
Inc.
29
Apr
15%
Jan
r
;■■»■■
18
9% Mar
Pour-Wheel Drive Auto
10
——
r5%
.1,250
33
1113%
;
950
Feb
Feb
27
Apr
Corp -common,.
*JlCorp jcommon—10
Refrigerator Co common.
—1
Gillette Bafety "Razor common—
-1*
:-;73Y4
•T*'
'42
TOO
.
16%
Jan
Goldblatt Bros Inc
Co uH
common
Pan
Feb
\
*
■*
.
I
14%
Jan
24%
Jan
42»/4
Apr
'*'•
Hftrnisohfeger Corp tcdmrnon—(L_—1_10
Brewing 'Co G capital
29 W
•
Heileman
Hefti
Werner
Motor
Parts
Hibb Spencer, Bartlett
'
;
.
Hubbell
'Harvey Inc
Hupp Motors
Xl <
i
:
•
common, (new)
1
I/'
1
V
common
vtc
i__
22
,l::
new:.————
"Xl
V
—
36.
.
:
*
.?
37%
.
*•
17?%
16%
36%
36%
Katz Drug
19'A
19 %
.
—J,
V-
-
f-
r
10
■■* ■ •./•:
Libby McNeil & Libby common—
Printing Co common—
83.50 preferred —.—
Lindsay Light & Chemical com.
Field
50
56%
Miller
&
<$l
66
111%
14%
3,500
11% Jan
31%
-9,200
lll/4 Mar
-,
-
Standard
Illinois
Nor
Alia
^
;.;y>
87%
,
Jan
46
24%
24%-
25%
14%
.
74% 187%
:
40
Feb
14
Dow
Apr
Apr
./*"
900
*
:y
16 y2
28;Jan
-
v
i
i
100
171%
Jan
135
Jan
y
■h
•
(The)
new—25
V'51
23%
Jan i
18,150
10»/4
32
•-
"122
i 23;
Switch Class A—10
14% r
200
40
:
25,450
140
125
23%
.
.*r.
'•*'
RR
y'.-o' Stfiy-r'
—5o
^
fi-'
Steel
Process Corp
<;
8%
(The) common_X—i"—•
28
Packing common
SChwitzer -Cummins
6%
'8% Mar
'.: 14%
-
Jan
Kahn
'125
32 %
:
46%
50
Corp class B commony:
li 'I c:
irc:
.
7%
102Ya
20%^
28
200
9%
oinciair1
lnc
bpiegel
bi
Oil CJorp——.
Bend
South
37%
preferred—
vSuhbeam'
20
Corp
Jan'
33%
40%.
41
XJhited »Light & Rjgw 4-u——
Western Hhlon Telegraph common^.lOO
Apr
i'Wa
Feb
46
Feb
85% lAPF
25
400
.
Jan
16%
1,250
14%
Macbme.
"^tTfillsted Stocks—^ ■•'''"*■
'—•
capital.—S;
■
American
^neconda
37%
«t-btiu
eotu.
'600
28:- J29
38%
37%
38%
—;
24~
35
I
2,600
;
•
>55%.
v38
i
f v-
,
-
37%
350
25%
Jan
.
*
31
T
.
"13%
10%
110
51%
18
Feb
5%
'57
51
11%
106
'49
44%
120
10
900
79%
Jan
22
161
"47
'99
.
;S2%:sUlar^.
33
77
17%
Jan.
.
'
Jan
13%. 14%'
13%' Apr
10%: 11
10
'
7%
6%
2;800
31%
31%
46 %
49%
18
300
31%
:
Jan
94%
•
21%
2oya
ii%
18%
.T7%
——
Tx
^22%
-
12%
20
ya' :
--
800
7%* --.^2,500
•17%
...
7 <
Apr
Apr;
2330.
Apr
llVa,Jan
-
Wo Jan
Mar,
4"
*
8% Feb
Apr 7
47
4»a^;
•62% "Mar
32% Jan
7
121
50
83% Apr
49
:
Apr
,
753 % Mar >
Jan
303/B
31%
27% Jan.
■18%
17% Apr:/» ; 18% Apr,
7
335/a
Fuel—
36%
113/4
19
73
Motors L.*
28% Jan V
9% Jan.
12%
"20
75
..36% -Feb-
,-,
Mat v/
26 3A
35% vSsy#
—
36% Apr :
Apr •
Jan. ,.,
36 Ya
;-JL4
.
T5% Feb
70
21% Apr '
Feb
.Jan
80
I
275/a
20
Mar
28%
Apr 1
513/8
41% Feb
52 Va
Apr
24
Airproducts
'283/a
49%
«.«
25
'23
25
Apr*
Mat
:
Atton
Feb
33%
Apr
51%
110 ?;
106
Feb
Jan
;
Jan
22% Apr
12% Apr
I
Allegheny
Corp
V,
*
"
Cfty
& Fuel
Ice
Clark
-
controller
Cleveland
Cleveland Flee
6;%
Cliffs Corp
*
Ilium 4% % Ffdy-—±-»
a7i
Detroit &" Cleveland Navigation——5
A-—Lmmm—14
Erie
Controller
Railroad
(UN)—
Electric
General
Motors
General T
& R
20 ya
Apr
Glidden
*;i2ya
Feb
Goodrich
16%
Apr
Gray Drug
>•15%
Apr
47%
1^00
45%
Feb
(B
F)
-
common
51%
F#h
Great
10%
-11%
4,200
-10 y4
Apr
12%
Apr
Greif
<UN)
•■:.7 "'•*
Stores
Lakes Towing
Bros
7%
,
...
74
.
Jan
Feb
/
577/s
Jan
26%
....
-2
•'
—
pfd
*
¥
•/
70 y8
ap3 ya a83 % '
'
'2
Feb
Feb
80%
Jan
49
Apr.;
47%
36% Jan
'
Feb
Apr
52
7
Feb
'68
Feb
71
Apr
' ;•/ 88%
Apr
7; 31.
Apr
•
'v
•
22 Vs
/
———100
Cooperage, class A—u. —-.a .a——^
'
72
5o
Jan,
Mar;..;-/
Jan
-
4 23 ya Jan
Feb
37%
a487/a a48%
5
Apr
75
Feb
Jan
75
34% Feb
93/8
7% Apr 7;
58'Va Apr
45
a473/4
Apr
52 ya
t
Apt 3
a47% a47Va
*
72
7.
Jan
:> 65
Jan
il3% Jan
Jan
427/a
Jan 7
-
102%
110% Mar
25
Apr!
38
'32
26'% Mar
30
,
28%
16%
;:i?S 75
5
-
Feb
8% Jan
/ r 22% Apr 7
195
Feb*:
a46 '
10
;
common
y
9
al7% al7%
(Un)
common
.
a 64%
"74
'
Co
Feb
96
311
a63ya
*
—
Co
18
30
■7%
—7——Z
—
60
293
a50% a51'/a
Eaton Mfg i— —
Electric
Jan
16 % Mar
185%
112
.'■•
a7l
29
.
.15
Gas——
06
'
41% Jan,
Apr
Mar
5 V*
110
965
allO% allO%
—-;'5
Natural
6%
a36%'a37
27%
27%
100
100%
*
-i..—
8
910
;722%
al93%al94%
r;./7»krA..
tow
31%
25
7
■'
Cleveland Graphite Bronzef JlUn).—-—!
Consolidated
a32%
Range Since January 1
■
8% " 8%'
22
_-_i———10-
Cliffs Iron preferred
High
'.
"
-—5
——100
'
Shares
a^2 Ve
5Uc
1
—
Body
American Tel & Tel
for Week
'■J&iiw:'
Par
'Brass Mtg_
American Coach -As
Jan
/7% Apr
/■y
Sales
Range
of Prices
r
Addressograph-Multigraph iUn)^^—.10
Apr
J
Week's
Friday
;;
••'••V'-
V()
47%,
52%'
22
'14 / .Apr:
"32% "Mat
286
331
.34%: Jan
r
.
18
»
Sale Frice
46%
Motorfs__---^--i-.-*-.>
83%
Jan
Cleveland Slock Exchange
Feb
23
Jan
18% Apr
11% Apr
1,-700
1,500
7
52
STOCKS
"17% Jan12% Jan
V
Jan
„
51%
.
v-y,,-,...
V 719
Apr
,43%
800
v
—50
Rolling Mill
&
Ice
United
Jan.
62
42
..
Apr
Jan
104
•
45
Ptire Gil
39% ^ran
Mar
i.ooo
21
80Ye
•
Apr
'7:61%; Apr 4
Apr
6
Mar
5%
81% Feb
:440:
7
,
56 ya Mar
Jan
11% Apr
9.
Jan
25
43
Apr
97%
':H7.c,;v.:
17" '
70
28% Jan
102
7
•'
Apr 7
: Mar
11%
-68% "67%
"67'%"
75
.
Jan
■282
10/; JLO
Jan
Jan
55
32%
1 22
22
,
Apr
37
Apr
43
Apr
130
'4 % Feb
800
'56
51
10
—
Standard Brands
56% Apr-:
34y4 Jan
y
36%-36%.-
12%
IOO
B6
%
75
.
Apr
253/4
80 y4 Jan
24% Mar
,22
-
31%'
Last
.
20%
-1
page
75'
•
56% 758%
"57%
7
*
Feb
35
Jan
25%
80%; 82%
6%
_—.
see
Feb
146
7.; 40
28
5
—
-
,700
'•
Farnsworth Television & Radio,
footnotes
19%
253/4
130
*
y-:
48 % Feb 7
•29
Apr
41
Feb
Jan
,-100
Columbia .Gas & Electric
For
12 3/4
y..—-^-w—*
Card
General
fller.tri»
Jan
Apr
24%
T
78% -Feb-
,
:;
17
-
Certain-teed Products
renerai
12
Apr
62
Mar
2,500
56
30%
.
46%
20% Mar
400
...
17% Mar
V
Jan
31
.10
62
,
22
Rolling i^.>-i.-l 0,
"'Conner Minings Vw—' ' *
Top & Santa Fe Ry com
Bethlehem Steel Corp common—
Graham-Paige
427
-
—*
Brummnell
General
:
Atch
juruss-wngtn
13% Jan
12%
105% Mar 7
8% Feb
Feb
39%
1
Contiriental Motors
10% Apr
75
—*
Gamble^-
Apr
89
Crosley Motors,
•
Feb '
'
Alleghany' Corp
vneMoaii -RaafKiiOi '«
Mar
i,
Feb
17%
114
—0
—
———
—
Columbia Gas
Apr
28
Apr'
2,300
29
.
.
Jan
6
50
:
'
115
Jan
138
IT S-Printing-^, ,i-
City
39%" Apr
45 > Jan
110
6%
21%
4-—*
Wisconsin- Bankshares common--.-^—*
Yates-American
14
12%
Cities Service
;
"20% Jan
Jan
21
Mfg—^•i";
common
25
8'% Apr
T2
• '•
—
—i—
American
20% Jan
.31 ya
'*H' "i' ;:f•
••Common;v■i • •'•
Woodall Industries
Jan'
779
,
1043/4
65
class B__
Beau
.
12ya'Jan
700
26
v
38%
1
qommon-i,
20
Mar
53/4 Mar
lliya Jan
Apr
"
—_H?0
—
—
Preferred
Jan
'9%tJan
2,100
;
21%
\ .30%
U $. Steel; common—s
Wieholdt 'Stores vine
;
33';'::Apr 1
1,600
:
,
38%
•
5
cCmmoii—j——6
Westlnghouse Elec Js
:
U S Playing
.
Apr
46%
62
;
6
La Safle Street Corp Com—•
208 South
Apr 7
15
Apr r
24%
^
Cb' (The)
15%
50
Mar
12 Va
—100
L—i.
—
h
58
470
24
Jan
49 Ya
14%
Swift & Co capital---—■
TTane
pfd
Rapid
Feb
•1081
V
Jan
44
44%
——-—*
bundstrand Machine Tool common
37%
6%
—-iu
common—
Corp' commori
46
26'
.-i
class A common.———*
Stewart-Warner
*
common—;—-—1
btandard Oil ok ind capital—
Stein & CO
40%
•
——i—-
Standard Forgings
104
^—*
1st preferred^.^
&
<8% Jan
Mar
16%
1,450
20%
33%
"
6
Stockyards capital
Dredge
Common
capital
19%
42
19%
*
Works
common—.—
Louis Nat
Standard
Lathe
18%
,;18%; Apr..f [
Jan
605/a
y
'S
17%
58
ProcteV
Feb
18% Mar
950
: 12%-
17%
': Mar
6
13 V2
47% Feb
12% Jan
28
Investment
Randall
"
18%
Apr5'
Jan
il7%. Jan
130
Apr :
36
2,000
..
*
|'
243A
46J/4
<•>
Jan 7*7-., 8y;,.Mar$$
6% Jan * t
3%
:
y
155
113
17%
104
——.—
National Eumps y-i-i
,
common—
,
95
.
-8%'
24%
Manischewitz
Apr
29%
.
30% Mar
800
33
47%
Jan
;;8%;..Feb;;.;
.
10
S60
20y4
11'
1
—
Co
Steel Strap
112
17%
Art' —L———
^Meteor
Apr
'
;
£;
Bignode
112
Daniel—^
Lunkenheimer
,
47% Feb
-24 % v Apr >
.70 J
v.
-
44%
1
Scars Roebuck &'Co- capital———'—•
bCrrrok
17
•8 v7
Hatfield
Kroger-
iy24%:Feby
;•
41% Feb
.300
33
31%
•
-
capital—
I.
.
105% 105 y4
10
Co commortL—
Sttngamo Electric
8%
Jan
'
Apr
>
52%
22% Mar u
2,200
24% #
6%
Quaker Ofets Co ^common——l.—U.L*
Rath
1
24y4
High
40% Mar
iff'
1
common—L—1
Car
25
15%,
.17
~i%
j-k
(The) fcommon^
Potter Co
Pressed
capital
"fi
•
21%
r
150
15%
15%
" "
Hobart
13% Feb
''
Pennsylvania
&
Gibson
Jan
Feb,
'FCb
108%
..-600"
41% -43%
41%
6%
18%
60%
——;*
Foundation
v
Apr
Apr
182
Apr
"*k.
51
-
12%
14%
125
peaoody >Coai Co blase B eom.^———S
6% preferred —--—
—100
PSnn Eiec
Telephone
Drug
Early
i
i
Range Since January 1
3
*5
60
60%
*
-
common
./i
24
Eagle-Picher
x'■
185
240
12%
Apr i
Low
24
;
Jan
:
..
.
770
>111-
-
Sales
24%
6%
■
Formica Insulation
25% Apr ;
Jan
•\J
'
<
Jan
Apr
Va Apr :
86 y4 Apr V
18% Apr
Jan-
Hiah
24%
*
Advertising Products.
Ball
Cincinnati Union Stock Yards
y!.-■
50
18% Mar
v,
s
t
r
V; 6
17
700
45% 46%
Cincinnati Gas & Electric preferred-100
787% APT
Jan
41%
1,500
300
-
'27%- 28
*
34
11
Apr
Apr
5%
Shares
Cincinnati Street ——.,-^———50
8%
*
Lj——*
9
200
Feb
94%
'.
185
k,
Apr
for Week
Loie
Churngold
Jan
182
'
common——•--—2%
18%'
18
Cincinnati
55'%
Feb
6% Jan
200
•
Apr
66 y4
•
——
Cmcinnati
?54ya
1,000
-
,"29 %
75%
21%
27% Feb
Range
*—^^^.4^.^—8
Cincinnati
T2% Jan
-46
29.
Feb
62%
of Prices
Jan
185
J.'-
Apr
i
7:: Week's
Participating preferred
Feb
18% Feb
178
100
100
17%
"2,300
17%
.
—
—
: Apr
2,400
5%
7-':
Machinery—-20
9%
%'
14%
■
10%
5%
*
Apr
.
Parker Fdh Co
Industries
Baldwin
Apr
50
300
;
—
Feb
18
880
10%
Friday
16% Jan
Jan
-200
8% ;
"94V'8
40%
400
30% 31%
v
*
——
23%
Mar
16
230
<
Apr
-
' Jan
3,300
"75%
50
"29%
-45% Mar
.
w
common—^—
x,
\ '
*
*
..
common.—_—•
prior lien pfd
Shoe
Bush
55
87%
common^—2
'Common
Bancorp
preferred
Nunn
150
8%
173/a
75
•1
Champion Paper & Fibre—*—
14% Jan
.
-I130 1
16% $
49% i
89
28
*30
■800,
1
Prior, preferred —"
y
r;
Apr
5%
350
." V
Util
West
1%
■
20%
..
4,400
?
••
common-.—20
Corp
...
Northwest
•••-
.
Jan
Apr
55
common—j.—10
American Car
Northern
'
19
Apr
22%
1,500
,
Last
Apr
38%
16%
t '■
l":---'.
■
^
Feb
Apr
Feb
15%
2,300
•
Sale Frlee
Apr
Jran
20
15%
:
Apr
28%
Feb
20
.7.900
67
'20% Apr
16%
,—1'
,
common
Products
15Vb
13
49,.
Ward ^'Co';-
National Fressure Cooker
North
Co
&
Laundry
68
2,500
9
15
'
*
36
\
,
•
STOCKS
y 31% Apr
30%iFeb'
29%
8%
15%
K:
.
Wilson
Adrtrican
'Feb
21%
28%
'
8%
vto.—^—
common
"
J————_————25
U >S Rubber Co oommon^—
Apr
35
1. 57% 1
20%
29
I
—
28%
26% 28
32%" 34%
:i
16%
-l
Aluhiihum
600
-
37%
Apr
33% Apr
59% "Feb
200
"716%
16
27
'
v.: "•■'■■SSir"** '
National
16%
•
—i.-—
Apr
1,000
68
Apr
'78
:
Corp ■
81
50
-
-
54
1
com
Common
>;v
N
32
65
•'
%
Minneapolis Brewing Co commotio
1
Modine Mfg common——L——
*
Monroe Chemical Co pfd
—*
Mbntgomery
*
.-——-I 7
common,
of
34
:
27% Vy: 26%
Feb
13%
32%
preferred-—i——di*—^,10
prior
33 Ya
Apr
Feb
110
29
13%
"31%
—•
Prod
capital
Oil
"8% FeB
Jan
-3501
50%
32
Jan
•
—
Btudebaker Corp •common
'. united
;
Common.
Fooa
Corp
Hart Inc
•-
't>' '
.
15% Mar
6V4 Jan
55%
1
Went
>,<?
"
,
American
50%
'Apr
20% Apr
12% Jan
100
31%
•21%
58%
Par
29%
"
100
-Apr
14% Jan
'
20%
y
Apr
Mar
38
'40.
.
Apr
7
10%
18 V4 Mar
Jan
Mar
600
i
110% 110%
Lincoln
Middle
> '•
Standard Bteel Spring.^*—
Apr
6
..100:
7%
36
Apr"
9%' Apr
Apr
27
1,050
56
21%
'4,700
is »Apr
Jan
13
y
*
common
2 '
-bo cortrttion
Cumulative preferred
.'"■'ty :■}/'>.} : /TV;./7 V
Marshall
44%
•
90
.
Jan
44
25% Jan
"Jan *
"35
Apr
280
•.
'■
14%'
7%.
56
Jan
32%
ife'Apr
1,550
".
9% ?
14%
r
&
Mxcaelberry's
n,ft
44%'Jan
Jan
"
Ken-Kad Tube & Lamp com cl A
*
Kentucky CUtil pa-bum pfd——_50
6% preferred ———
—100
Leath
18
8ya
Co commoni—>I
Kellogg Switchboard common
(The)
Republic Steel Corp mmwinn
24% Apr
28% Mar
...
"10%
*
Radio Corp of America common—
10% Jan
.
33% Mar
ioo:
20
mmmnn
34
8V4 Mar
33
Apr
Feb
.34%
vcl°0
...
Feo
8%
"Mar
21
'
21%.
33 ya
o
—
'•.••
Standard
''iiYtirm
1,100
>
37%
Prnit
__7__.!w———
Jan
22%
21V* Jan
.
...
20%
.
26%" Mar ",.
eoo
J- 36
y._'
Apr.;,
38%
v i.400 r
1
Standard Brands
jJaii
.
Hiah
„
Jan
J 7Va
500
'
9%
^—2%
—
72 y4 Apr
1,750
its
36
W*. ^
55% Jan
i20
-400
.
44%
is
•'
.10
H I
Sunray
31%. 31% r
-
t.n
k»
Socohy Vacuum Gil Co Inc-—-*.-—15
850
Interstate -Power'46 pfd-s——
Steel
Apr
Oil Co
•:
v
*
23
42
44
..
26%
28%
23 Va Jan
300
...
h.
40
22%
^29% Apt
20
...
im
—
13%
y;,1,210
38%
••;'24% Feb
110
Low
L
•7,1400
8
2iy«
17% Apr
lfi y4 Jan
.:t' .••';43<L:
8% '
8%
M.:.
21."
Rights
Warrants
25%
_
;
1
-^20%,jan'
-.700
34
"*«%
'^V .vj \i; }
;
:r
100
Indianapolis Pr & Lt. common-Indiana
Jan
750
65%
34
•
.
Indep Pneum Tool
Jan
122%
.950.
.
22'/a *
-.
21%
22
,
—5
XX
RR.
21%
vv
16%
Range Since January 1
High.
16
•
m. mmm*
'Amer'Airways Corp—.,
Pure
Apr
*■
Hllndis,<ferickC<*
Illinois 'Central
27
.27••
:
.
common-—-
r'77 .77
•
'
63%
common——!25.■
r
^
19
18%
ai
comttibnjL!^Li..^i*.^2.*
Hdrdfere
,
Sit J,**
Radio-Keith-Orpheum
*28/', '29%
■
18%
Car_
Pepsi-Cola Co—±.
--'l
8
u-
ilFeb
'26%
1,100
•" 24%-1 ,♦1,700
24
24'%
^
'
j
Motor
Paramount Pictures Inc—
Apr
v
25%
•,——}*
common
Great Lakes D & D
-.'.•■ft
500
v
,Iota
._8
common-..^
Corp—
Pullman Incorporated
"24
23%
common—
W)
Par
•7%
m,
it'.
uo&Bara
Shares
79% Feb
?ft}% Feb
^
for Week
of Prices
'
xll%
2,800
v
•42
12%
..
>800.
J
11%'
Sales
Week's
Bang*
•;
33% Feb
-;2?% .Apr
700
-13%
-
*
Gibson
>•
•
Central RR capital—North American Col/fr*>ili.
Packard
General Finance
:,V*
common
•Kew York
W- M
General Motors'
Corp
Nash-Kelvlnator
Feb
10%
.
Iron
(Glenn L) Co
Martin
50
400
Last
Laclede Gas Light
30% Apr |
-.
.
'
Inter lake
Feb
-
Fox
JPeter^ • Brewing
V;Xyx^^/'vy---
•v
■
WV 79%,/-
5
;
Friday
':-?? ;.
r
Sale Prlof
.
—:
f
vitange SinceJanuary 1/; J;
1J50
350
•
common—-—————-—!* '
Mills
X-'i
■
High
/26%
29% 30%
25
^
STOCKS
Shares.'
ton)
Par
:
Electric Household tftU Corp—
5
Eigut Nat -/Watch Cb-.'tfeW.Uui—«—«.15.Vf
FItz
;;;'
Sale Price
Sales
for Week
of Prices
Friday
mMm.................MM*
'for. week ending april
-'78
59
Jan
•
Apr
,2424 ;•
/7
7:'7.77: ■
XFINANCIAL CTRONICLE
Monday, April 29,1946
OTHER STOCK EXCHANGES
7? ;
7-777:7'S TO CKS7777
*
/
1
>
'.Friday
it'
"
•7
7"v
Sale Price
i
Range
5 7 7... 77;'
"Preferred,x—X-x—xX'.x-*50.,
Bros
Shares
—X~
Harbauer Co
Jones St
a43%-44%
;
-150
Lamson & Sessions
Metropolitan Paving Brick
49
:
•
•
& Mfg
Y Central RR
N
(Un)
oil
owo
Patterson Sargent
Pennsylvania
Radio
Reliance
:—A-5
Eng—.7L.
Electric &
55%
23% Mar
25
16%
28
19
Mar
Sale Price
/
Jan
347/a Jan
228-
29%
Jan
40%
728
51%: Feb "
60
Jan
Central Investment Corp.—.*.
15
22
Feb
290
20% Mar
26%
Apr
125
49
68 Mj
Jan
79% Jan
277/8
15%
17
Feb
m
■
300
Cessna
^4%
17
35%
57
61% Mar
5
26%
Feb
25
Jan
74% Feb
Jan
5
./
'7
7:..\7;7 ' ']'■
,y;
' 7
7-77 /'7
Dresser
Co.
Stores
Oil
Exchange
Electric
Allen
7
—
5%
-x^"''./r
———_—l
Baldwin Rubber
class
i
945
7% Feb
AW Jan
15% Jari
19
100
i,:
47
52% Feb
Mar
3%
Jan
5
118%
Feb
135%
Detroit
Edison
Detroit
Gray
Iron
Detroit-Michigan Stove
28
150
23
21%; Jan
—
Detroit Steel Corp common-
•
•7
28
400
6
6
7.*'' y.'d
14%
12%
14%
24%
24%
25
2,467
.
5%
Jan
24%.
845
23
Mar
17%
18%
5%
5%
700
friars • Ale • _X—x-;
Wood
*2%
2%
3
10
13%
12%
—.
.
Inc_
General Motors common
1
Goebel
Brewing
1
1
6%;
Graham-Paige common
——10
Hoskins Mfg common
2%
Houdaille-Hershey class B—
———*
Hudson Motor Car ———X——*"
6%
260
11%
>,815
23%
23%
110
19
19
5
4,975
7
Feb
80
Feb
':
4
Chemical
Co
"•
common
Pfeiifer
Brewing
43
290
;
Feb
:
7%
Feb
Apr
4
Jan
35
Jan
43
Apr
8
Jan
3%
4%
2%
2,050
23,146
3%
5
Jan
2% Apr
550
6%
eya
4%
3% Jan
12% Feb
7% Jan
.7
5y« Jan
7 455
777895 7
14%
4%
Jan
9% Apr
1,910
45% 7
14%
30
Jan
5% Jan
■■
-'-Warrants
-'.V
(H W)
-
4%
—
X'"77
Co
100
45%
7
Apr
Jan
16
*4%; Apr,
240
Standard
7ya
new
Tube
^Timken-Detroit
15%
common
class
B
Jan
4
Brewing
U
S
Radiator
Warner
Feb
'
NOTE:
.
6% Jan
,
•
11
Apr
3,925
•
6% Feb
8% Feb
4% Mar.
436
10
Mar
300
13%
Jan
15% Apr
;
9%
6% Jan
Jan
873
5%
7 600
5
Mar
8
Oil
300
8
Jan
8%
Jan
14%
2,740
9
% Mar
141/2
1,950
13
Mar
48%
„1
Monday,
16
16%
„1
common
53%
Apr
7 6
6%
6,525
4%
3%
6,865
Apr
16% Feb
3V4 Apr
__4
April
3%
29,
the
Apr;
Jan
,
6% Jan
Apr
.4
'
'
li
"
Los
Week's
Friday
Last ■)
.';v: ■ ;Vvv
Far
Bandlnl Petroleum Co
2
footnotes
see
page
:
2330,
r
LotC
Feb
„
14%
328
1.50
11% Feb
45d Mar
55c
300
*.63
10,000
16
-16
17c
1.75 Apr
8% Jan
10%
1.00 Jan
1,700
11,100
,
'.V
a43% a43%
62% .7
.$M:
Trading
-7-;
a62% a62%
*•—
7
37c
Apr
Apr
Jan
Jan
15% Apr
75c
Jan
a32% a32%
24%
9%
9%
7:
17%
Jan
44%
42%
Feb
44
Jan
Mar
62% Apr
65
Jan
320
77 77
.
63% Feb
Apr
Feb
27% Mar
28
225
24%
Apr
24% Apr
1,857
8%
Jan
11%
Apr
52y2CMar
77%c
Apr
14'A Feb
18%
85
r
*
10%
3,400
?
2,347
3'/2
4%
1,904
8
8%
1,713
46%
45
46%
272
'
Apr
4% Jan
3% Mar
8
10
Feb
30%
Apr
49%
68
Feb
105
25% Feb
36 % Mar
60
7
60%
266
53%
7:7 315
a30'/2 a31%
.XX'-'' 7
■■
38%
39%
——25c
9o
9c
10c
—1
Corp—
59
98
ioo
24% 7.7
18%
Jan
41
80;
72 %c 77 %c
75c
18%
16% Feb
13
48
28 m 28
24%;:
2.70 Feb
1.35 Apr
*75
S
,
63
30c
29C
30c
2,300
17,267
19%
20%
630
35%
37%
;
I
•,V
„...——*
—
Southern Calif Edison Co Ltd—.—.25
Original preferred
/
.
Jan
Apr
Feb
9c
Mar
19c
i
39% Apr
31% Jan
Mar
14c
Feb
30c
17% Feb
Mar
20% Jan
50
32%
Feb
30%
30%
29% Mar
31%
Jan
40% Mar
42
55 % Mar
65% Feb
58% Apr
57
59
57%
58%
42%
Feb
11
Jan
19%
10%
7% Feb
19%
18%
19%
18% Mar
22% Jari
1
Oil Corp
Inc
Jan
30% Mar
a41% a41%
preferred class B
25
preferred class C
25
Calif Gas 6% pfd class A_25
Southern
Pacific Company
•
Standard Oil Co of Calif
—*
5%%
Sunray
39% Jan
Apr'
Feb
45%
50
31%
>
Southern
Textron
33%
50
31
i
25
;—a
6%
common
Transamerica
Oil of
Apr
Corporation-
19%
19%
20ye
16% Feb
21%
California—Xx—.i25
27%
28%
23% Feb
Co—10
25%
27%
25%
26%
21
Feb
28% Apr
27% Apr
15
15
15
Apr
17%
31
.31
30
Mar
Universal Consolidated Oil
Kamp's H D Bakers Inc..—*
Weber Showcase & Fix 1st pfd
*
Western Air Lines Inc
1
Yosemite Portland Cement pfd
-10
'..
v,
/ V, ••
Van
de
Mining Stocks—
'
Juneau Gold Mining Co
_
v
y
a26% a28%
65c,
,7
65o
8%
8%
Apr
12%
lie
12c
11c
Apr
18c
Feb
14c
15c
14c
Apr
21c
Mar
11c
lie
11c
•7c,
12c
25c
25o
Imperial Development Co
Zenda Gold Mining Co
,
Feb
10c
Apr
20c
Jan
7c
60
Feb
8c
Jan
12c
Apr
24c
Jan
■•7V777'7/;i7;;;/7'.:i-;.:'77/:
—•
20%
20%
21
Co—*
—
a69% a69%
100
193%
192%al94%
American Viscose Corp
14
-- 7'- a]2% a72%
Anaconda Copper Mining Co
50
46%
46% 46%
Armour & Co (HI)———————5
15/s
15 15 A
A T & S F Ry Co
—100 al07% al04%al07%
Atlantic Refining Co (The)
25
—.
a44% a44%
Aviation Corporation
3
10/a, ,.,.10% 11%
Unlisted Stocks—*,,7-X:
& Stan San Corp
23
Feb
68 Vi
186%
Feb
194%
Apr
Feb
43_%
Jan
*57
Feb
12%
Jan
17% Jan
66y* Mar
.
1,035
4% Mar
6
Jan
6%
9%
Apr
Borg-Warner
6%
•
'
Jan
53% Mar
215
Feb
8%
130
8,150
Jan
Feb
109
Jan
15%
109
Feb
Jan
39 y8 Mar
34%
Feb
9%
Jan
14 y«
Feb
30% Mar
38%
Jan
;
High
■
3% Mar
42
Jan
1.05
Jan
llo
5%
93
33%
8%
9%
4"
600
65c
Apr
35% Mar
33% Jan
10
9
.
Apr
Mammoth Cons Mng Co——10c
Calumet Gold Mines Co
—10c
Cardinal Gold
Mng Co
1
Alaska
Black
5 :
4%
a32% a34y8
-
Range Since January l
High
.
a657/8 a68%
-1
Berkey & Gay Furniture Co
Diamond
Corp
For
210% Apr
Jan
22c
13
:
—
a30% a31%
Bendix Aviation Corp
5
—
50% 50%
Bethlehem Steel Corp
* al03% al03%al06%
Boeing Airplane Co
-5 a29 M
a29 /« a30%
Borden Company
———......... 151
a55%
a55 /8 a57 ,a
4%
a341/8
Blue
Shares
Lotd
■■■
•
;
for Week
of Prices
1
common
Sales
Range
Sale Price
Corp.
6y8
8
1.25
a44% a45%
Mk: 7
•
a30%
hours for trading will be from 9 a.m. to 2:15 p.m.
Angeles Stock Exchange
STOCKS
new
'■
62%
*
& Refining
American Tel & Tel Co
Bros.
Jan
Jan
*
1 "'
Inc
Stores,
Roebuck
Signal Petroleum Co Calif
Sinclair Oil Corp..—
■
Common
200.
42 y*
7^ 1.05 Jan7
550
1.40
1
'
American Smelting
Barker
Apr
18c
————.
■
■
Amer Rad
y;\ /
X
*
Co.—*
-
(E.S. T.). :
■
32
9,167
,
Jan
14%
10
Corp__
Jan
8%
11%
common
Effective
53%
5%
Wayne Screw Products new com.
•
7%
48%
.
..
Aircraft
;
15 V*
7
Distributors
Shirt
240
12%
7715 x
7
Investment
United
7%,
10% 7:7
Jan
1.50
4% Jan
.
8%
Axle
Tlvoll
Union
'•
com
7%
11%
<—
320
4%
4%
ly8
River Raisin Paper..
Sheller Mfg
46
800
Jan
30c
20%
1.13 Feb
527
7 77
1.53 Feb
Feb
Feb
1.25
16
—25
common—
'Iv/
Union
Scotten-Dillon
1.05 Jan
20c
17%
'
14%
-
Rlckel
Apr
10% Jan
8% Mar
9% Feb
2%
7
Jan
6% Apr
10 Vt
Western
Sierra
Apr
10% Apr
100
5%
5%
common
Prudential Investment
19% Apr
8
2,915
500
Elec
St
Gas
'
Jan
6%
45
commonl™
Peninsular Metal Products..
17% Mar
1,400
6
'-'"i
Davis
Parke,
40
,:7
1.70
55c.
Security Company
30
Shell Union Oil Corp—.—.—.15
Feb
28
3
9%
Jan
210 210%
>
Apr
1.90 Jan
27
732
1.65
25%
.
34
8%
2%
9%
Packard Motor Car———.—*
Park
.
2%
92
Mar
32
Corp.——..
23
6%
'7
Mar
33
1,900
1,100
25c
6%,
Jan
Apr
1.35 Mar
5,400
10%
Feb
31
1,790
,240
1.15
1.65
26
Jan
Mar
1.45
<
Apr
79% Feb
28
1.35
7
10
76
83
122
1.45
—
Jan
19% Jan
385
Jan
27% Mar
200
7v>/
Apr
281
20%
250
i
1.25 Jan
61% Feb
1,750
1.05
Co
Safeway
28 y2 Mar
10%
43
-
Petroleum
Oil
15% Jan
22% Mar
2%
43
■x'x "x"
92
19%
1
Investment Co—.——100
21%
385
1.15
—lOo
Co
355
;;; 460
48
10c
X——...1.
Ryan Aeronautical Co
8% Feb
100
8
2%
24%
19%
Corp—...x—10e
Republic Petroleum Co common.,,—**
Rice Ranch Oil Co——1
Richfield Oil Corp common
•
Jan
7
Jan
130
24
29%
10
10%
Kingston Products common——1
Drug. ——-X———-——--1'•Kresge (SS) common
10
LaSalle Wines
——X—
JS
Masco Screw Products—---XXi-lJ
McClanahan Oil common
i
Kinsel
23%
30%
31
a73% a767/a
40
Co
16
70% Mar
10
8%
6
Mar
10% Jan
:
425
24
29ya
Mfg————1
Lock St
Hurd
-
'7.
898
8%
preferred ———————.25
10
Pacific Lighting Ccrp common
•
Pacific Public Service 1st pfd
*
Sears
Hoover Ball St Bearing—
a72% a75%
37%
common
Fuget Sound Pulp & Timber
4
Apr
15% Feb
71 % Mar
553
74%
:■
78
.—6%
Inc
1st
■
Pacific
Apr
6%
12% Jan
77 6%
6%
10%
6%
Feb
18%
2% Mar
1,420
19
Michigan Die Casting-:
Apr
14% Mar
900
92
Pacific Indemnity Co.
14% Apr
27% Feb
15
Mar
4% Mar
2,330
3 '7 7
14
74%
Gerity
497
9%
——.1
Co~
20% Feb
May
355
common.—.—*
A
85o
15%
23%
Pacific Finance Corp common—,,—10
Apr
7
Jan
.-.,—1
Gar
23
Jan
9
Federal Motor Truck,------—.-——*
1
98% Apr
33% Jan
.
7- 13% Mar
1.40
Oceanic
9% Mar
Jan
1,647
400
Frankenmuth Brewing
Mar
7
2,040
7%.
27%
Apr
Jan
.
20
5
1
2
common
7
'
.
r
Apr
31
7:
14% Mar
100
4,000
9%
OH Co
Pacific
7%7
—10
Detroit St Cleve Navigation
1,200
29%
Occidental
Feb
7 ■77 100
.
16
—
Jan
800
22
22
;/t'7
—,
-r
49%
3% 7^4>7A
128% 128%
128%
Chrysler Corpcommorix—,5
Consolidated Paper ———————1Q1
Range Since January 1
Low
High
200
17%
49%
49%
7 3%
f
98% Apr
24
Mar
355
—XXX———1:
y 7%
Menasco Manufacturing Co,.———!
io y4
Monogram Pictures Corp
—1
1.25
Mt Diablo Oil Mng & Dev Co
—1
7 21c
Nordon Corporation, Ltd
1
-m
Northrop Aircraft, Inc
1
Sales
"Shares
108
32%
Feb.
1.00
1.35
Petroleum
Mascot
for Week
5% 7
17
17
Briggs Mfg common————-* '
Brown, McLaren
•
1 .
:
24
Jan
22%
16%
29%
Los Angeles
High
Jan
Feb
15%
Lockheed Aircraft Corp
of Prices
Apr
34%
i6
——1
Oil
Lincoln
Low
136%
258
'
Jade
7:;;:.77;
Jan
7 23%
Apr
.
I
25%
Motor Car Co—.———*
Development
Lane Wells Co——
Sale Price
-
17% Jan
21
16
i
class
Xntercoast Petroleum
77' Par
,176
120% Mar
92 %c
4
Co.-X—5
1
Radio.
St
Television
Hunt Foods
Week's
Feb
■
Feb
630
29
25%
—
.
! Hupp Motor Car Corp
Range
100
087% a927/a
—
a73%
Holly
Telephone: Randolph 5530
aa:77A
31%
7 9%
70
& Merchants Natl Bk—
Hancock
Last
Apr;
Apr
62
u
*14
Jaa
6% Jan
.235
a39% a39%
a73%
Hudson
Friday
,7125
17%
28
Gladding McBean ———
—ix*
Goodyear Tire St Rubber Co com,—*
;
DETROIT
STOCKS
.106
a20% a20%
—
Motors Corp common—.—.10
General Paint Corp; common——...*
Chicago Stock Exchange
Detroit Stock
17%
Oeneral
-'/'v
Ford Building
j
al29%al333/8
—
a20%
Industries
Fitzsimmons
New York Curb Associate
Detroit Stock Exchange
-
-.'O.v'ivv,'r-
Members
Stock Exchange
York
New
..
*
Electrical Products Corp
Emsco Derrick & Equipment
WATLING, lERCHEN &
154
'-' 7% ;-7%
*
Aircraft Co—-——*
(new)———506
Douglas
,
Jan
31
—
1.20
Consolidated Steel Corp
Preferred
<
Farnsworth
7 77; 7 ,'■'
Jan
31% Feb
.
Farmers
''•
48
30
148% V
1
Co
Exeter Oil Co, Ltd class A
7
1,335
'
Feb
Apr
44
-
Aircraft
% v preferred;-' —
97% Feb
Apr
27
■
40%
26%
■
26
<•14 ,7 Jan
1,069
a69% a71%
'
Mar
—,
.,100
Colorado Fuel & Iron new—
285
15
25%
a40%
58%
/ 60
a35% a35%
6%
ft
5% Mar
6,850
,
26
■
High
tov>
High
,6%
.
84%
--
5%
Feb
84%
——1
Low
6%
59%
Byron
25%
57
25%
Range Since January 1
Shares
of Prices
Par
Broadway Dept Stores Inc common—*
Jackson Co
:
*
Jan
45
.
Youngstown
r
Oil 'Corp————.1
33%
7
TRinity 4121
'
&
Chrysler CorpX—
26
Sheet St Tube common—*
Youngstown Steel Door (Un)——*
15
.r-.
/•:4 Last
Feb
47% Feb
-41% Feb
180
16%
28
—
——
-30 '
115
- a20% a20%
.,—<
-
.
a43%"
—
Week's
Sales!
Ranger/ for Week
Friday
Apr
27
STOCKS
Apr
27
55%
W
Van Dorn Iron Works—.
*
Vlchek Tool
———*
White Motor—
40V2
Feb
a63% a64 Va
•- w
•
U,:S Steel (Un)-——-X—X-;
Jan >i
19%
33
,
West 7th Street— LOS ANGELES 14
2IO
35% "Jan
34%
.
SCRWABACHER & C0., SAN FRANCISCO
•
Bolaa Chica
7|;X777
Republic Steel (Un)———
Richman Bros;
Seiberling Rubber —X—«.—X——*
Standard Oil
of Ohio—*——10.
Thompson Products Inc com,—;—--.—*'
Mar
137
212 0
&42
—
x_*
Corp
26
55
•
issues
Apr
40 V\
40 y4
25
50
(Un)
RR
■•■
ALIEN & CQ., NEW YORK
Feb
8Vb
Apr
Listed -^ Unfisted
:
Apr
19
Jan
6
3,326
50
•
f
Direct Private Wires to
>
Jan
a26% a26%
■/:
—
;x
.•
X—.—*i■'
(un)
8%
a27% a28'/2
—
*
Ohio Brass class -B
16%
536
19
7%
8
17%
Jan
Angeles Stock Exchange
BROKERAGE
!l$!M FACILITIES
,
Feb
417% Feb
Jan
40
Member Los
Apr
53% Feb
Mar
-
AND
.
20% Feb
45%
'
14 % Mar
ft..
49
*
17%
•
National Tile
:
1 X
49
-
.•
40
••14%
,:
Mar
50
.
-
908
15%
10
,ii7/8 Mar i;
74*7 Jan
14% v;V-7' 445
Cement
55
x
43%
14%
Portland
■r,
44
Apr,
'13% Jan
14%
Medusa
Apr ;
90
Kellty Island Lime St Trans
FAIRMAN & CO.
Apr
Jan
-
96
•
;
12
'
43 y4
COMPLETE INVESTMENT
High
43
Jan
.
53%
-16
.
al6% al6%
Iron
Laughlin———-X—xU-x* 7.7 — V
*
141/*
v
a46% a48ya -•'.";'"'77 70
new com (Un)_
1
—
(Un)X'——X——-* \. Ax-'. f'
Iriterlake Steamship
—X—..* •
■
ll7/a
31
53% "7,x.x 55
11%
Industrial Rayon
Interlake
Lotfi
7777 161
43
.
53%-
.
Range Since January 1
High
42
common—.
'
'
'
for Week
of Prices
Low
Halle
*
RANGE FOR WEEK ENDING APRIL 26
Sales
Week's
r
Last
1
"
Baldwin Locomotive
Corp
Works vtc
L
5
a52%
a52% a55%
Apr
50%
Apr
98
Feb
112%
Feb
33
Jan
33% Mar
52%
Jan
sT
50%
Jan
'
Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4485
OTHER STOCK EXCHANGES
RANGE FOE WEEK ENDING APRIL 26
Week's
Range
Friday
Last
Sale Price'
T-
Friday
Sales
Pacific Railway Co
Case
CO)..-.........—....-—.
J
l
19
Edison
34
a
__
45
86
26%
11%
170
•
*
-
•
Feb
22% Feb
,
47
Jan
34
'
Feb
Tacony-Palmyra Byidge—
Class A participating
Tonopah Mining i.
Apr
Transit
Columbia Gas & Electric Corp
Commercial Solvents Corp..—
Commonwealth
50
a35%
&46% a46%
Cities^ Service Co—.U1-—-w-:.,.—.
18% Mar '
545
19
11%
..
■
'
>
24% '24%
,i£v,
a35% a35%
Company...
Cons Vultee Aircraft
Corp——
Continental Motors Corp
'
;
1,910
a26
102
18%
18%
18%
a44% a44%
__
•
66^
4%
a25%
—
Continental Oil Co (Del)———
^120
!
4
4
Commonwealth & Southern Cojrp—.
895
1
13% Jan
'
Mar
Invest
Corp
Sales
.
for Week
Shares
of Prices
Range Since January 1
High
Low
High
Looo
?!■
common.
-24% Apr
31% Feb v
"2%. Jan
,
27% Feb
17% Mar
35% Apr
"X4% Feb?
.
32% Jan
237/8 Jan
■
,
;
'
Preferred
United Corp common
$3 preferred
...
United Gas Improvement
Westmoreland
Westmoreland
16
•
:
10% Jan
20
'Week's
Range
'/
High
Low
Canadian
i
Sale Price
Range Sifece January 1
Shares
;;
Last
for Week
of Prices
-
/vi
Coal
' 111
1,131
'
Crown Zellerbach Corp——.
Curtiss-Wright Corp
Class
A
——
—
a35%a39%
<
-.i"'
■
■
■
Electric Bond & Share Co.—i.
a25%a25%
,
..
Electric Power & Light Corp
27%
155
-
„
27 %
46%
—
General .Electric Co—
46%
50
150.
a53a54%
a80 %
a80 % a80 %
10
10%
11%
" 740
0.58 Vb
058 Vb
a59
Pittsburgh Stock Exchange
579
155
170
46%
Last
General Foods Corp..————..—.—
Goodrich
7%: '7%
a21 a21%
-
(B F)
Co....
——.
Graham-Paige Motors corp.
: Great Northern Ry Co
pfd—.
Iron
Corp M*
V'*'-:M;.
:•*
r>*
"4
•
- *
>
a37% a40%
Iota
Allegheny Ludlum Steel
25%
145
188
; ;
25%
•
:
'
•
'•■
>
_
"
>
13%
.
.
14
Duquesne
620
40%
*1, V
'
,
40%
296
a51% a52%
a51%
a95
Montgomery Ward & Co, Inc...
a89%
Pitt
Fort
36
Lone
New
York
North
Ohio
:
Inc—...
Aviation
American
9% Jan
25% Mar
,
...
7% Mar
15%
>
-
297/« Apr
15% Feb
34
Feb
9'/a Jan
-
V
22% Mar
Gas
Feb
7Vb Mar
22% Mar
common.
Brewing.....
Star
'
5% Mar
Co
High
>
Jan :48*/#
37%
245
50
,
29% Apr
19% Jan
Jan
RR...—
Central
North American
Low
47%
IV*
45%
7ya
7%
.
Range Since Janoary 1
Shares
High
Harbison Walker Refractories....
439-
a95
V-47%.
.
com..—..
Sales
for Week
*
Brewing
'
McKessdn & Robbini Inc.—
Co
Columbia Gas & Electric
'
Libby, McNeill & Libby
Loew's Inc common!;—
^
Rlaw-knox':
■;-]
Kennecott Copper Corp-————-
Nat Gas
137
a57% a59 Vb
a37%
—«
— mm *»t*. m.
International Nickel Co of Canada.
of Prices
Friday
Arkansas
Interlake
Week's
Range
Sale Price
Co
Mckinney
Mfg
Mountain Fuel Riip^iy-
....
Oil Co—
-
......
Corp^lu.
Natlonal Flreproofing
Radiator new
National
common-.
Packard Motor Car Co—
Paramount
Pictures, Inc..
Pennsylvania Railroad Co..
•
:A"V Y.'/J '-v#/V
'
.
>-
Phelps Dodge
Pullman
Oil
Pure
a42%
.25
Inc
a42l/2
a44
16%
32%
Preferred
a66
28%
16
.
Co
a66
28%
;
_
Pittsburgh Plate Glass new-^.^.
Pittsburgh Screw & Bolt Corp
Pittsburgh Steel Foundry com;
33
Renner
Radio Corp ftf Arnwrtftft
16%
r
.
Republic Steel 'Oorp.^—
i.
Socony-Vacuum Oil Co..^,......*.
Sears, Roebuck & Co
—
16%
.15
—
Mining
*
Standard Steel Springs...........
United
a46 a47%
-
Co
San Toy
"
States
Glass
common—..
vtc
Common
17%.
—.....
^
-a52% a55%
a53%
Southern.- Ry Co—ii—
Brands, Inc..
Standard Oil Co (Ind).
a51
—r
Standard Oil Co <N J)—
Stone
&
...
—
38%
.25
Co
a63 Vb
Texas Gulf Sulphur Co.
United
Air
Lines,
37%
all8%
.10
Inc.
38%
23%
St. Louis Listed and Unlisted Securities
23%
all8%al23%
Edward D. Jones & Co.
al57%al6lVa
LOO
Co
Westinghouse Electric Corp com..*
a54% a55%
-
Union Carbide & Carbon Corp
Union Pacific Railroad
,'iv
75%
a62% a64%
..
.10
Tide Water Agsoo Oli....,....
.
..1 a29% a3iy8
.25
;
.
a22% a23%
..
..1
Swift & Co—
46%
75l/4
—
.25
Webster, Inc———
Studebaker Corp
Texas
.25
'
Westinghouse Air Brake
a51
45%
Standard
.
Vanadium Alloys Steel——
..
a41% a42%'
Established 1871
.
Aircraft
United
United
U
S
30
Corp...
Corporation
Corp
5%
(Del.)
a82
Steel
30
5%
5%
300 North
2, Missouri
4th St., St. Louis
Members
a80% a85%
New
.
York
Stock
Phone
Exchange,;
"
Warner
Pictures
Bros
Westinghouse Elec & Mfg Co
%X
VWillys-Overland Motors, Inc
Woolworth Company (F W)
,
Bell Teletype sl 693
Chicago Board of Trade
New York Curb Exchange Associate
Chicago Stock Exch.
Western Union Tel Co 'A--^-iiw.
X
-.
23%
23%
a61 a61%
St. Louis Stock
Exchange
Friday
Week's
Last
STOCKS
Philadelphia Stock Exchange
'
^
Friday
Last
•Sale Price
Stores
...»
American
Tel & Tel—
,100
Company
..50
common
Baldwin Locomotive Works V t iu
Bankers Securities Corp preferred.:
Budd fE G) Mfg Co common
Budd
Wheel
__
193%
...
347/8
32%
Range Since January 1
Low
37%
1,027
32%
676
"
60
27%
28
High
Jan
185% Feb
37%
;
Apr
195% Jan
37% Jan
,
y Jan
30%
Apr
38%
83%
Jan
106%
Apr
20%
Feb
26 %
"
Co
Feb
28%
Feb
Bank
preferred
Bldg
Century Electric Co
Clinton Industries
Coca-Cola
Jan
Columbia
Falstaff
Brewing
Brewing
common
19% Mar
26%
Jan
22% Jan
26%
Apr
Electric Storage Battery^.^^4.^.,
49% Mar
55%
General
70% Feb
jjJot*ors.^........i..iii,,,,,,
40%
Gimbel Brothers
Lehigh Coal ds Navigation—
Lehigh Valley RR — «. — 4H> — —
tm —•
National Power As :;Light—^^.—^—^,
pennroad Corp
Penna
Power
w
& Light....—
Pennsylvania
Salt Manufacturing....—
Philadelphia Electric Co commoni—
$1 preference common——.—.
4.4% preferred
Phila Elec Power 8% pfd
....—.
Philco Corp •—iw-—,
Reading
Co common—
Salt Dome Oil Corp.—
Scott
Sun
Paper common———_.
Oil
—
For
footnotes
,
80% Jan
62
H
Apr
see
page
2330,
20
80
17% Jan
12
17
Jan
28
25 %
5%
25%
47
48
Jan
—
Johnson-S-S Shoe
Key Co
«-»
...1
common.
common
"
Cement
Rice-Stix Dry Goods
2nd
St
com
—-.100
Louis
Car
pfd—
—iL
Bonds—
Apr
32
8
52%
Jan
205';y-<;
,
151
98
■*>„
<
47%
30
47%
48 Ye
1
310
*
30V4
49
—
48%
,
!
50;
20
-
45
-571
110
'/V':Xi.:'V:v:v'>?
.St Louis Pub Serv
25-yr conv inc—1964
138
151
$17,700
'
Jan
9
Jan
'
;15
.
18%
^
Jan
Apr
Mar
Jan
>26
!
•
Mar
•
28%
290
50
: Apr
15
24
21% 25%
,*
10
Jan
Jan
Jan
Feb
25
185 y
100
26%
98
..
5
-
-
Jan
43%
195
18
26%,
28%
142% 142%
__
50
50
151
?25
.
Feb
30
45
—
100
68
12
—
■
Feb
26
Mar
25
.
35% Feb
24
Feb
Apr
21% Apr*
y
150 >"
26
—
1st pfd._..—100
preferred
,
.
17%
25%
..
25
7
25%
28 Va
—
-
48%.
.,
25
—
12
Scruggs-V-B Inc common—:;
5
Sterling Aluminum common
—.—1
Stix, Baer & Fuller common....
10
Wagner Electric common
lb
X.
7
common.^.
Laclede-Christy Clay Prod com
5
Laclede Steel common—
^.......-20
Landis Machine common..—.......25
6
47;
.
v
•;
17
Apr
22% Mar
120
165 - ; > 22% Apr
5% Apr
17 ; Mar
290 y ; 46
30
—
International Shoe common
Johansen Shse
Mo Portland
Henna
;
Feb
14% Mar
———.mm »
33
32% Jan
24
55
4
9% Mar
Jan
90
24
100
Preferred
10% Jan
40
Jan
68
10
55
100
50%
Jan
34
__
5
Jan
8%
33%
18%,
__
common.—*
Jan
48
250
55
1
common
Huttig S & D common
Hyde Park Brewing common
Hydraulic Pressed Brick common
Jan
common
—
Apr
Mar
33
32
Apr,
' Mar
8
40
245
9%
Apr
1452
11
49
v!
32
18 %
—
1
5
8%
50%,
140% Jan
Delaware Power & Light
Curtis Pub Co
30
9%
9%
.1
common
300
50
—
10
common
Bottling
14
52
8%
8%
3
1
Equipmt com
Mfg common
Burkhart
13"%
—
50
Griesedieck-Western Brew
117% Feb
Chrysler Corp
1
common
;
...
25
Apr
25,
20
25
High
Low
25
52
5
common
Range Since January 1
Shares
High:Z
Low
Far
■
.
Jan
21%
Co.—
/
Aloe
5%
High
192 7/s 194%
■'
American Investment
for Week
Shares
S
A
Sales '>
Range
of Prices
Low
Par
American
Week^s"
\W
Sales y/W,
for Week
"
Range s;
of Prices
Sale Price
Autocar
i:.;r
CEntral 7600
>
St. Louis Stock Exchange
>
Inc
'
28
30
.
Feb
Mar
Jan
Ill THE COMMEBCIAL
CANADIAN
^onday; April 29, J 94^
FINANCIAL CHJS9NJSLI
&
LISTED MARKETS
rwi? ra>» w$w mmm
m
STOCKS
Toronto Stock
Low
Canadian Utilities pfd
Canadian Wallpaper class A—
Class
§■ Canadian Wirebound Boxes--—
-100
—
Week's
Friday
Last
V
$alq Price
Par
AWtibi Power & Papey new .com-"—--*
$1.50 .preferred'
'$2.50: preferred •—j——-C——~20..:
17
Acadia-Atlantic
Sugar
4
%
39
*
106
Surpass
Agnew
;
19%
39%
»
common—
7 Preferred'
Shoe
common—a—*
Preferred———
Pacific
Alberta
i-U:
Cons
Algoma Steel
1
Apr
116%
2.10
Apr
15c
Apr
25c
Apr
54c
22
185
Feb
26
373
129%
Jan
*225
375
106
Jan
109
Circle
,
1.70
2.40
20.400
25c
Feb
2.225
95c
Mar
10c
400
10a
Apr
1.40
1.50
8.300
14c
14C
15c
13.400
—*
14 %C
14 Vac
15c
3,250
14 %c
Apr
23c
75c
75c
85c
6,000
61c
Mar
85c
Jan
18c
19c
2,250
18c
Mar
24 %c
9%
10%
8.576
8% Mar
101101%
170
<88Va Jah
,V'
i. ■
10%
____
»
.
Gold Mines-—
Armistice Gold
Apr;
38c
Mining
Ashley Gold —I—.
'j. '•
;!
y
Jl—f
■'«
1.90
420
40c
16,200
25c
f-
Comaurum
3 y4
Matr
Mar
62c
28c
32a
500
-120
Jan
22c
1&7c
65C
187.700
620
Jan
87c
Feb
Crestaurum Mines
48C
57.120
32c
Jan
50c
Apr
36c
36c
500
35c
Mar
55c
Jan
"492
1.00
22
22
55
18%
Jan
18c
20c
12.000
15c
Mar
38c
38c
1.000
29c
57c
1.02
Apr
Mar
i9%c
Feb
189.806
59.100
5.65
——
5.55
6.00
8.566
32c
29% c
35c
15.500
26c
18C
16c
19c
21.400
15c
23
26
26%
39
39%
37
37
37
Mar
1.05
25c
26C
<
•
Apr
4.60 Jan
7.25
26c
Mar
24c
61c
68c
1.20
36,700
Jan
27 %
Apr
Mar
1450
8
8
50
2.30
2i
22
93%
1
1.08
l
23%
1.19
17%
17%
60
31 y8
31%
105
1
Mar
1.01
Apr
43%
Jan
86c
Jan
88c
95c
10.700
2
200
31%
31%
175
15%
15%
50
2.50
2.50
2.76
2.000
1.70
1.65'
1.80
34.260
1.31
1.00
1.2$
11.135
■
1
—
——
49
39%
40
2.15
U—
2.00
2.25
Bell Telephone of Canada
196 199%
199
l
13c
<_1
Bertram"';A"Sons—i_——:
13c
;.Vr"
'45
«...
7-
y:
,,■
9.4C
1.00
27%
27%
Dome
Apr
Dominion
40
Apr
Dominion
Jan
2.30
Apr
Dominion Coal preferred —444
Mar
Dominion
200
12o
Mar
15%c
Jan
90C
Apr
1.45
Jan
*385
30
Feb
'47 '
.
70c
65c
72c
.
31,700
65c
30c
30c
32C
;
21.200
47
*
•
preferred—j.
Anglo
100
Bank
1.90 Jan
1,48
,
1.90 Apr
—
16%
58%
58%
60
*
40
4Q
40
T.Mr
|
Mines
24c
l
Bonville Gold Mines.
17
22c
24c
30C
40c V
345
35
Dominion
Magnesium
Scottish Inv
235
13% Jan
7
7
25
7
Apr
16
16
65
14
Mar
53
Feb
54%
Apr
31j/8
Apr
39
Jan
54%
54%
54%
10
32%
32%
34
495
16
Apr
8
* Apr
Apr
16
•
12
13
50
12%
preferred—:_50
50
j,
45 J
50
Feb
15
Jan '
77/a
450
50
Apr
18%
Jan
Apr
Apr
18
17 y«
18%
4.Q87
12% Mar
*
28
27%
28%
2.295
21
Jan *
28%
25%
25%
26
145
23
Feb
30%
25
25%
250
25%
25%
160
Apr
Dominion Steel class B
60
Feb
Dominion
40
Feb
35
s
•
11.700
21c
Jan
30c
Apr
50c
Stores
30c, Feb
14,821
40c
——2a
17
Mar
Jan
56
50
.
■
Apr
16
15%
16
—50
Feb
29% Apr
28%
28%
—
•
-110%
*24% Jan
16
*
32%
Apr
910
Dominion Tar $ c^mfcal common—*
17
50
preferred
Blue Tpp Brewing class B
Apr
Jan
113
26% Mar
110%
75
110% uoy*
«•«*
—
25
Electrohome
—.—
Jan.
27%
'■"*
—10
v.\4> 1st preferred
Dominion Foundries & Steel cpm
Dominion
■/
32% Apr
16% Feb
3.05 Feb
Jan
71c
■
-
—1
Hats-
CD
Feb
Feb
Jan
45c
29c Mft*<
12 rjan
Mines Ltd-
Dominion Fabrics common
Apr
92c
Mar
1.45 Mar
1.15 Apr
91% Feb
1.225
Feb
49
Jan
:
20 %c Jan
-
.
;
'LlfFeg''
4.6.000
Jan
181
-f IV
Bidgood Klrkland Gold
94c
Jan
4,937
95c
14
150
Mar
200
13c
90c
100
50c
476
100
j.
—
3
Jan
1.76
*
1.15
V
Jan
Apr
Jan
Jan
29%
20.710
98%
31
262.600
—
1.38
100
1.20 ■:
—n
common
1.29
225
—
1.64
Apr
1,15
*
Seagrams
39"
40
49
40
•
•
:y-'• i
1.36
1.10
49.135
■
—-t
Bevcourt Gold;:-
1.14
12c
1.900
31%
•
1——i
1.65
00
/
•
.
•sfpeb
*
1.85
94c
Feb
60c
70
50
1.35
86c
5.525
18,500
50
*
Feb
67c
1.01
l
-
Feb
7pc
1.25
63c
147
_1
32
Mar
52
Apr
19
Jan
28%
50c
50
100
—
Distillers
Apr
Jan
8
4.000
50
—-
—
*
Apr
188% Apr
1.95 Feb
51
•
24
Apr
93% Apr
jan
8.250
<40**' Apr
Feb
2.75 Feb
22
Jan
*
Dickenson Red Lake
Discovery Yellowknife
19
Apr
jan
1.35
185 187 yZ
Jan
8% Mar
2.8b Feb
78
3.171
1.19
1.39
Apr
51c
16%
156%
185%
Jan
1.38 Apr
36c
1.95 Mar
350
90
93%
rpiversified Mining y-4—i.
23%
2.15
5.105
—•
Delnite Mines
v
Apr
1.05
k
7% Mar
600
2.15
;
Apr
Apr
19
Jan
42c
I
28c
Apr
6.00 Jah
Mar
: 30c
5.635
;
37%
Jan
43c
67%cM^r
51c
;
B
Apr
35C
-
-
Apr
61c
13.421
1.Q1
g6c
1.05
2.15
Petroleum
Class
Jan
22
M$y
36c
\
.
Jan
Mar
15
50c
'
19 %c Mar
330
560
•
i
:32% Mar
20,000
24
17,535
19
33c
Davi§ Leather class A-:
.:
Feb
-30
850
•-:35;'
4.20
18
*
Aircraft
Cub
Feb
58c
24
120
3.90
3.95
;
1,90
;
3.90 Mar
yan
-I 2.15 Feb
,
iCrowsbore Patricia Gold
1.55
89c
:
Apr
*
Croinor Fershipg MinesCrow's Nest Pass Coal
1.20
iy-'l.ao-
Mar
7.258
1.50
l!98
Cournpr Mining--——
53c
77c
Jan
1.41
10.300
1.60
1.98
;
42c
1.05
43c
70e
1.43
.
.
100
—
^ -1*'
m
31c
Mar
63c
125% Mar
Jan
120
65c
1.50
Jan
1.10
.
3.00 Jah
44%c Jan
|4^y
1
4.40 Apr
2.10 Feb
,
-Apr
3.800
2.15
-
60C
.
Bear Exploration & -Radium.
Beattie Gold Mines Ltd
Gold
24.700
38c
125% 125%
Consolidated Mining & Smelting——5
Consumers Gas (Toronto)
Jan
l
-■>'
Mines
31c
32c
«"
Corrugated Box common
Cosmos Imperial Mills
Apr
„•
Boblo
28c
555
—5
—
36c
Bathur^^ Power,
Bonetal
28c
1
—-
Conwest Exploration
30c
2.80 Feb;
*
—
Apr
1.70
20.485
;
Base Metals
Ribbon
2.35 Mar
_*
Mines
Apr
Jan
55c
36c
„
Blue
1.50 Mar;
6.625
1
—
—
Consolidated Bakeries
Jan
12
Davies
Biltmore
8.200
1
^
-—
.Coniagas Mines
Feb
30c
Mines
'';
5.800
1.95
2.50
»-■
Lake
Conduits National
101% Apr
Jan
.2%.
Jan
30c
Apr
70,200
————T
Bankfield Consolidated Mines—
l
Bank of Montreal—
10
Bank of Nova Scotia10
Bank of Toronto—
;
10
■
4.20
2.40
1.75 Jan
1.53
■
—l
Beatty Bros class A--r Class B__„—
BeaulieU -yellowknif
3.65
2.41
•
•
~
Commoil Ltd
14%c 14 %c
—
30
-:
1
3
-
-.
Feb
13c
1.35
———1
—
Belleterre Quebec—
Berens River
fig
Coin
35c
Auraaque Gold Mines—
]
Plow
Mines
Colomac Yellowknife Mines.—
1.40
;£7—
Mines.
Auhelle Mines Ltd
Bagamao
'
<3oid
Jan
68c
——-1
Astoria Quebec -Mines—:
Athona Mines
K14c:
34c
36c
,7;n
—11.
29
Jj^lnes—1
Apr
1.36
1.80 Mar
•
2%
— —
1
Arntfield
20% Feb
1.85
—
Willans
Cnckshntt
Mar
1
i
Arjon
Jan
"130
Bar
Cochenour
Apr
8,069
35c
-
25 Va
3.9Q
Knitting
—*
Cityalam Malartic Miqes—————1
Coastal Oils
u
*
Apr
Feb
1.15
*...7
24
28%
————,100
Research i—i
Chesterville Larder Lake Gold
Feb
222
1.85
'
Apr
',-0
Chemical
Jan
30c
i
21
CArotnimm Min^
Jan
32c
1.70
.
Argus Corp Ltd common
»
t 4'/a %- conv preference—!-^—-ilOO
Warrants-*--——;
—i—
Mipejj
1.530
5,100
1.05
.
300
—1
Commonwealth Petroleum
Area Mines l-i—
Yellowknife
16c
20
22
Chartered Trust
Apr
34c
Trethewey
y-'t ■'
Apr
Jan
1.58
1.50
V1,V
*r
Gold
'Jan
112
108108 y»
1
Aquarius Porcunihe Gold
Aunor
28
110
3.200
10 c
Apex Consolidated Resources
Atlas
41
205
41
150
22
*
s
1
Central Porcupine Mines
1
Centremaque Gold lyrines———-^.4-
Apr
Apr
Feb
22
22
Central Pucricia Gold Mines
Jan
24
106%
Jan
22
20%Marv
__
_1
——_
Anglo-Rouyn Mines—
Ansley Gold Mines-
•-
15115
Jan
22
Yellowknife.
J
40 %
Jan
217
common—
An^lo Huronian —!——
1
20%
103%
15c
Canadian OIL.---——f
Anglo
8 *76
2.05
Castle
Apr
32c
Amalgamated Larder MinesAmerican
21
,
•' -v 'V: X' 777'
Aluminium Ltd commonAluminum of Canada pfd———100
.'
18% Apr
,.
38% Mar
50
23%
:
May
18% Mar
'
39'A
mi 16 y3
2.02
Gold Mines
Alger
,5.133
Apr
25
22
Cariboo Gold Quartz—.—^.————!
-,'14,
8.205
21
?
103%
Mar
102
15
103% 103%
303%
High
Low
High
High
LOW
18%
■;
23
40
—100
:
^ Range Since January
High-
10.§ 106%
AJax Oil & Gas———————-1
.
Range M let Week
ojt prices i Shares
Low
""
Sales
Range Since January 1
Shares
Exchange
Canadian Funds
STOCKS
Sales
Week's
Rang* / (or Week
Friday
25
Jan
New
preferred
Dominion Woollens common..
.100
Feb
26
Apr
Apr
25%
Apr
Jan
17%
Jan
23% Mar
25
1
i8y2c
500
15c
Mar
30c
Feb
—*
17
16%
17
195
Boycon Pershing Gold Mine^-;^*—*
22C
5,200
20c
Mar
30 %c
Jan
Donalda Mines
1
1.10
1.05
1.19
27.600
1.05
Duquesne Mining Co—
Duvay Gold Mines.!—
1
1.20
1.10
1.25
8.800
1.15
Mar
1,60 Jan
40C
40c
48c
64.000
29c
Apr
57VaC Apr
1.700
38c
Jan
7%c Apr
Bralorne
:
Mines, Ltd..
_«■
15
5.485
14%
Light & Pwr com—*
Brazilian Traction
27%
9.515
25
Brewers & Distillers—
.
5
British American Oil
•
27%
*
51
British Columbia Power class A
Class'■ B
•
32%
British
Dominion Oil
•
38 %c
Broulan Porcupine Mines, Ltd
1
55,c
British
Columbia Packers
common
390
.
Apr
28%i
Jan
52%
Jan
32 »/4
28
470;
-
Feb
1.85 Jan
Mar
1
•
•
62c
45 c
50c
•
8%C
8.c
9j/ac
5,00.0
Apr
East Amphi Gold Mines—
East Crest Oil———.
East Malartic Mines
1
2.30
2.10
2.35
23.650
Apr
East Sullivan Mines
1
3.70
3.70
4.05
11.850
3.50 Jan
2.708
10% Mar
15%
5
32,500
Mar
55c
Jan
If ,100
55c
Mar
72c
Jan
50c
-
2.10
Feb
15c
Jan
3.55 Jan
Apr
4.60 Jan
Jan
35c
3%
3% Apr
507
Eastern Steel
new
common
Jan
13%
13%
14
14%
14%
14%
55
14
Mar
15%
1.07
43,840
90c
Mar
1.38
Jan
85c
Apr
1.45
Jan
10
Jan
13
Feb
Apr
6.35
Feb
*
1
l.OO
.1
92c
Gold
—1
1.54
29.100
Apr
Eldona Gold Mines
•
(5.50
5.610
6.10 Jan
11
Feb
Equitable Life
—•
34c
6.600
28c
Mar
45c
30 c
24,600
30o
Mar
97c
Feb
33
630
23% Mar
34 y4 Mar
Fanny Farmer Candy Shops
1
14%
*
—100
.1
'
Jan
Buffalo Red Lake. Mines-—-I
)
Jan
96C
Easy Washing Machine
Elder
Buffadison Gold Mines
:
Jan
15%
38% Jan
•
18%
30%:
25% Mar
1.305
<
Apr
Mar
13% Mar
250
13
Buffalo Ankerite Gold Mines.
Buffalo Canadian Gold Mutes—
Building Products—
Burlington Steel
Burns
-
-
co
Class- B
•
•
210
Apr
Federal
U5
22% Feb
17
976
11
Mar
26% Apr
18% Apr
Federal
30c
17.800
28c
Mar
44c
*
1—T.
-
-
Mar
Calgary & Edmonton
_i
*
—
—
.V
:
•
•
'
-
\
-ry
"
''
10,175
31c
Mar
44c
—
33 c
6,092
31c
Mar
56c
y-''!
1
V*v,
-7-'n
3.0|
■
.
.
:
' x-, (
■
14% Jan
28
25
loo
^
61
Power—
Class,
v
:
B
Canada
Steamship
Preferred
45
•
Canadian Bank
Commerce
Canadian Breweries common
Prancoeur
>
..
.
47%
r
12%
1st preferred
-
,
L
Conv
«■
21%
*
44—
Gold
23
Class A
a
-
,
550
commnn'
Class
—————100
General
43
27%
27
17%
18%
22%
22
— ———
—.
teb
Pacific
For.footnotes
;
'
Goldcrest
9%
Jan
Apr
24c
Mar
14c
Jan
6
6%
825
5%
Jan
7%
Feb
2.50
485
1.50
Apr
3
Jan
32% 'Jan
Feb
934
28
32
85
30
50c
53C
8.500
•
4.65.
4.55
4.85
1.973
•
—
19
19
19%
175
14
110
109%
110
175
105
•
Jan
110
111
20
108
~-
Jan
———————————————^..———1
Gold 'Eagle; Mines44-1-—'
30
29
29
33
Jan
Mar
45c
,
75c
,
Feb
Jan
4.15 Jan
5.55
Feb
Feb
19 %
Apr
y,-#4 >V:
120
20%
1.100
Feb
43% Mar
19% Jan
Apr
Apr
22%
,
265
16%
270
20
18%
1.310
16%
18
16%
<
'
25
260
15
•
Mar
-
22 %
•
.
Apr
.Tan
r.
■:
;
■:
••
17
220
13% Jan
18 "
Jan
20%
22%
4.315
19% Mar
24%
Feb
,
26
Jan
;;
V'
Apr
Apr
57c
Jan
-280
Feb
1.35
30
8.539
63c
68C
30c
29C
32c
10.000
Mar
Apr
20% Feb
Apr
8 75 Febv
25C"': Feb
22c
61c
61C.
70C
16 c
14C
17C
88c
Feb
3.700
90
Jan
39c
Feb
87c
-
58c; Mar:.
16,800
Feb
25c
dad:
^'i.30
t
—r
1
c
90c
18.500
47c
Mar
79c
24c
Mar
40 %c
30C
36c
23,500
2.60
2.80
12,000
Jan
Jan
2.00
Jan
2.90
Feb"
Jari
Jan
App
80C
:>
115
8c
:
.
5,500
19o
Mar
90C
74,900
:59c
Mar
8%<?
1,000
7c
Jan
115 115%
.
.
.
115
.
V
53%
1.17
y~; 65
2.825
14c
; Apr
16c
1.000
15c
Jan
Apr
12 %c Mar
Apr -;:
57-'. Apr.
115%
Jan S
56 56%
14cl8%c
Jan
.
35c
>
99%^Mar
,16C
56
-14c
26c
;
20o
.
•
35
Jan
Feb
^pr
33
Gold Mines Ltd—;——1
—•
.
34%
85
15
Jan
58%
225
42
Jan
60
Apr
33
common———;———^
c
Gypsum Lime & Alabastine.
23c
20C
23c
57%
West
Gunnar
11.300
55c
49c
:
•——^--4——•
preferred-—-—
*
Saddlery com—
Preferred ———w-——50
t
1.03
95c
Preferred
4 V
"
Apr
68C
,
23,850
Grea^ Lakes Paper common————•
;<
V
16%
£-y 30
80
83 c
■
Great
Apr
y'--—;
Graham Bousquet
Jan
Feb
98c
30
17c
30,200
6%
Mar
17.000
9c
;
30c
4—4---.—44
1
Goodyear Tire & Rubber common—.*
x: Prefer red ■■ ———i————;-50.
Feb
33
1.300
30
7.00
21c
8c
18c
Goodfish Mining
Apr
1.300
21%
7.30
17c
15 y4
>
:''
Goldora Mines
18 y4
43
1.00
25
375
2.78
—
Goldvue Mines
43
42
16%;
6.915
19
49C-
Mining
Gate
Apr
275
Apr
Feb
17
,
6%
7.10
19
95c
Golden Arrow Mines—.—
Jan
Feb %
18%
30
Jan
12
-
68
40% Jq,n
24% Jan
:
6yS
18%
6%
lioya Mar
111
Apr
J:
Apr
Apr
6>/b
.
Golden
98C
———*
120
90
,
30yfl
God's Lake Mines Ltd
—;——.*
Goldale Mine,-Ly-^44«w-4i«4-wU':
:
Golden Manltou Mines..
43
page -2330.'
Jan
31.600
7.30
Apr
2.915
17%
,
-
sea
10
18c
8»/4c
Apy
98c
Ry
115
53c
•
—1
26
26
-•
Canadian' Tire—
9%
;•
—
Giant Yellowknife Gold Mines
Apr
Mar
——•
——
———
Apr
Mar
2.00
Gillies Lake-Porcupine Gold-'.1
Glecora Gold —I—'
———I
27%
59
90
,
22%
...
Malartic
Canadian Oils
Apr
63
:
General Steel yrares icommon---^.—f
Feb
94
iVAm* <; ;23
20
28
18
Electric———50
Canadian Locomotive
19 %i
48% Jan
5% Jan
17c
preferred
100
preferred >-ii44--—444»iy.l0ft
General: Bakeries
Grandoro Mines
—
Canadian
43
•
>
Canadian Industrial Alcohol»com A—*
Class B
Canadian
43
67
*
„
A
Canadian
67
1:
Canadian Dredge
Canadian Food Products common
12
610
Jan
28%
Mar
common
22% Jan
125
1.550
1.545
—-
4.070
1.545
6%%
29
Jan,
23% May
'
..
Preferred
19
60
115
5%
Feb
53
Jan :
Jan •
Power
25
Jan
22 ';,v Jan :":
16% Mar
320
20
—
Celanese
1.05
8%
"
:
Mar
205
18% Jan
>20
16.499
preferred
•
Canadian Car & Fdry common——*
Canadian
4.115
18%
*
Goldhawk
,
5.35
43% Apr
,
.
Mar
23
180.
159
»-
62
Jan
84
20.,
Gatlneau
Jan
' Jan
17% Jan
403
<
io
Canadian Canners common
5
*
Frqblsher Exploration
Apr
30
Mqr
J?l
1.149
—
146
t6 Jan
4% Apr
10
common—.
——
12
310
j
100
-__50
Canada Wire class A^i———J--*
Class B :——• y..:..
•—
Aircraft———
61,825
58%
;;^oundation-Co'4--444-4.--4»44-.-*«*44*
Apr
Jan
52% Mar
25
y.-- ■»*.
Canada Permanent
Mortgagf-^
21 Va
Jan
24 Va
360
—*
Canada Packers class A
"-
131
5
;
;.Canada Malting-—
North
2.904
Mining...
1.03
10%
-!
*
,
24.620
21
•
common
Jan
3.30 Feb
2.40 Jan
Kirkland
Ford Co of Canada class A—
Jan
2.95
.
common—
Fleury-Bissell common
Mar
2.10 Mar
•—
Apr
7.830
36c
Canada Foundryv class,
Canada
17%
2.39
—
.■
Preferred
Jan
•
_J
—
Campbell Red Lake.
Canada Cement
11%
150
Feb
i
Caiman Plin Flon
Calmont Oils
Grain
Preferred
Fleet
Calder Bousquet Gold.
Caldwell Linen common.
85C
10%
5.05
—25
Falconbridge Nickel
•
Famous Players new common——*
13
14
.
class A
1.64
1.20 Jan
34%
594
15%
Jan :
35 y2
Apr
42
Jan
57
52
50c
55c
684
14%
52
,
58%
13%
-
17
17%
100
L
10
-7,050
1.610
11%
Jan
47
-
58%
Jan
45c
Mar
14
Mar
"a"^?.
-<-
>
.
■:
.
.
Apr
15
Mar
52
Apr
60C
Feb
;
17% Feb
'
[THE COMMERCIAL & FINANCIAL CHRONICLE
.Volume
LISTED MARKETS
CANADIAN
I
v.» ;■
STOCKS
if
Friday
ust
•
Hahn
preferred—
Brass
*
—,
19J4
"Haicrow Swayze
'10% c v
Halliwell Gold^ MlnesA«.....^.^..'..M.*l
/
6c'vHallnor ;MineSi;_u.v—.
/;/._'■
V
Hamilton Bridge ——
•
Jo
;.:HamUtott-'Cotton--^-i.—*
c';. '//,:/v.;:£
7/ 7;/ .■"•'/ W 7
"
'Harding Carpet
a—
•
lie
16,700
5.20
400
Rock
Gold
Harker Gold
:'
Mines
10%
21
14%,
14%
5.559
11
90c
85c
97c
17c
21c
-
26c
30c
1.93
25.448
;V
19c
27c
,
Gold
Mines—
i
-1
2.05
21.500
17c
'Hasaga Mines
1
2.05
Heaaway Red Lake .Gold—1 ; /22c
Heath, Gold Mines .........^..*....^1i;. ; 40c ■
VHedley Mascot.
..i-—.Lm^——*1' •
;2.23
Heva Cadillac
y: .y
52c'
,
——
24,577-
'
;
-
High wood-Sarcee
Hinde
&
OIL..—i-—/' /
'v;>
Dauch————
44c
/
50c
J:8o
24%
7
5
25c
2.29
8c
''
.
1
25,
16%
2.630
16
3.25
,-2.390
Oil
&
Gas
Hosco Gold Mines——
:
Howey
•
—
class
Imperial
B———
46
16'/2c
Imperial Varnish
Indian
Jan
73c
46%
Apr
30c
Jan
Orenada nnid .mntiBg
127/b
Apr
Orlac Red Lake Mines.
Apr
12%
Apr
29%
410
26
15%
16 >/4
5.757
.13
Bronze
15%
65 c
19.600
12%
160
1.16
1,07
1:11
6.600
15
2114
39
21%
38%
4% %'■
preferred——
International
Feb
Paymaster Cons Mines Ltd
Jan
.Apr
Pen-Ray Gold Mines—
Peoples Credit Securities
35
29% Mar
102% Jan
60
105
114
Apr
114
47
Feb
Mar
50c
Jacola Mines
■■
4.58
/
2.10
44 %
241
2.648
39
9.758
21
1.63
85.400
1.90
300
2.15
Jason
21c
21c
25c
19,500
20C
1
26c
25c
26c
5,200
24c
5c
1
Mines
Jellieoe
6c
5c
6c
5,533
*
50c
50c
59c
18.860
lie
11c 11 %c
8.183
lie
J
M
—
Consolidated Gold Mines
Joliet
Quebec
'Journal
-1
(Ottawa)
5c
6c
2.164
1.15
105.050
1.00
1
i.g5
1
20
14%
Mar
12.400
19c
Jan
73c
141/2
1.55
,22.070
26c
8
73c
—
21c
Mar
,
.
25/
1.55/;,
1.41
:.
24%
•
6.300
■
15 Ve
14
9,345
1.60
"1.000
2.03
1.96
2.12
28c
33c
1.60
1.96
30.000
31c
11.800
•
& Exploration
Mining
28
28
28%
7.75
7.75
8.50
1.300
6
5.000
45c
16,30ft
// 40c
Feb
Powell
Jan
1
River
Gold
49c
47c
50c
98c
94c
1.01
*
Fortune
Lake
Shore Mines, Ltd
df Woods common——
La
Luz
; Lamaque Gold Mines
Lang & Sons
.
Lapa Cadillac
Lapaska Mines
.Laura
2114
Power
Feb
Pressed
East
1.76
17%
;
Mines
2.30
Jan
55c
Preferred
*
16.500
1.910
20% Mar
115
29%'Jan
37
0
6.00
6.50
1.515
6.00
7.75
7.75
7.75
710
23
7.75
23
145
15c
16c
8.000
14c
30.900
41c
48c
55c
22
22
23%
580
5c
4%c
5%C
7.500
51c
8.00 Mar
Apr
8.75
Jan
1.00 Mar
1.65
Jan
17%
Jan
; 17
.
/V
Mines.
70c
Mar
4c
1.40
1.45
12.800
24c
24c
25c
6.000
1.08
1.04
1.12
25.600
2.45
2.60
13.260
3.45
32'/2
1.50
32
yellowknife Gold
27%
300
26%
1.61
*
Jan
53c
53c
65c
38.600
40c
Feb
35c
38c
8,300
32c
Mar
45c
3.90
4.515
4.00
3.95
3.75
4.40
11,215
-l
2.65
2.56
2.80
16,755
Mines
1
4.15
4.05
4.35
10.105
Magnet Consolidated Gold—
Malartic Gold Fields—
-I
76c
75c
85c
57,100
1
2.65
2.30
2.75
53,030
•
4c
3c
4C
9.000
1
MacDonald Mines
5.00
Apr
Red
Madsen
Lake Gold
Manitoba & Eastern
2.56
1.15
1.06
16%
17
17%
69c
Mar '
1.15 Apr
6.700
86c
Mar
1.25
3.999
15% Mar
"
Feb
Jan
95c
Jan
3.75
^
500
60c
Jan
,30c
30c
7.500
28C
Apr
23c
20c
24c
6,100
7%c Jan-"
1
Mines.
*
"■
1
1.45
69 c
69c
80c
39
■
— —
;
u
"
■
3c
15c
15c
Marcus
Massey-warris
Preferred
9c
10c
1.500
9c
Oils
•
Russell Industries common
.Ryanor Mining
1.40
25.900
98c
Jan
36c
36c
39c
32.300
28o
Apr
23c
25c
7.100
22c
Mar
19 %C
20c
21c
3,262
14%
20%
•
-20
—
1.477
16
31
1.255
Corp
—
1.41
38c
Jan
Mar
640-
Jan
25
80c
Jan
20
Jan
31.100
455
'
'21 ■'4
43c 43 %c
i.106.
Preferred
;
:
•
'••/-•"i-..."J:;
29
8%
16%
Jan
7%c
70%
1,380
1.25
1.34
62
63%
130
44
18C
500
15 c
Mines-
.Mercury. Idills
58c
74c
29c
20%
21
Jan
14o
Jan
Mar
50c
Feb
98c
Mar
55,360
20^4-
9.15
9.50
1.05
1.35
'
,
3.68ft
—
-/.U'":
Knitting new..^-—....—100
Model Oils
Moneta
20C
860
16%
68c
630
35%
Jan
54%
Apr
14 y*
Apr
Jan
17%
13%
18
Feb
/Apr
17
/Apr
Jan
Jan
...
-*
32,/a
3.857
24
Jan
---
K>
107
215
.1
88%c
10,185
Class
B
Apr
new
new
v-
,■
-
Siscoe Gold Mines
Sladen Malartio Mlnes^-;**
Mar
%c Apr
17C
12%c
Jan
1.90
Apr
>
Porcupine
68c
,
Montreal Light. Heat & Power.—*
23
Mnn r* Corn common—.——....——80 V*.
22%
23%
79
80%
6
6
"
2.750
•22%
Jan
Mosher
LongIj a C——...1 •
National Grocers
.Preferred.
v'
^
common...—
;■
6
30c
770/
*
*
New
Mines
Bidlamaque
'■
;
29..
2.55
—...1 v ./..47c
——
7.600
;
6 ^
30c
Apr
91c
Feb
29%
345
20
30
20c
29
29%
2.40
2.70
45c
48c
75
Standard
-
Paving
;
,
3.500
780
;
24.700
6,900
lie
24
/
footnotes see
page
2330.
1.00
Stedman Bros
.,.7
/
85c
Mar
10 ;
;
Jan
Apr
Feb
Jan
,16% Feb
Apr
24
Jan
17
14.750
:
Jan
6%
new
17
*
common—
18
90
9V
170
'
■
303
/■■'■-95: ■•:■:.■ 95./ ":/•-*
——
23C
Steeloy Mining Corp—
Steep Rock Iron Mines
Jan
/ 8% Feb
1.50
Apr
18 /,
.
Apr
Stuart
Apr
Bturgeon River Gold——...
—1
Sudbury Contact-,——————1
3.65
23%
23%
11.975
.
,
Apr
Apr
.
95
Apr
Apr
40c
Feb
4.45 Jan
3.00 Jan
.
91
Jan
80
% 23c
3.500
26C;
3.40
78% Jan
.
so ■.
45c
Feb
Oil
preferred--*----;--^--,--*
Cons
Inlet
Apr
Surf
Apr;
1
Mines
Eylwanite Gold
35c
20%c
2.80
////-/:
■>■■■
36c
20c 20%c
2.65
2.90
18%
50
1,200
z
23% Mar
Jan
30c
Mar
45c
Jan
10c
Jan
22c
Apr
'
33.000
5,780
Jan
Apr
3.25
Jan
1.09 Mar
3.25 Mar
4.10' Feb
2.65
48o
Apr
Consol
—50a
83C
76c
85c
39,750
1
Gold-.
3.35
3.25
3.50
3.889
'
Taku River Gold Mines.
30% Apr
3.25 Mar
Tamblyn
62c
Teck-Hughes Gold Mines
(G)
—
common——*
1.35
■.'/: 25'..
/
,
2.100
1,40
26
....
1,37
Apr
21%
Jan
1.94
Apr
240
r
40c
1.55
Jan
18%
;
Apr
Apr
1.50
Mar
860
Steel Co of Canada common——.—•
V Preferred
25
20c
;
14c
23
Jan
10
1.860
Standard Radio____—.
Starratt Olson Co
30%
Mar
' Jan
1.50 Jan
Mar
Mar
1.15 Mar
Feb
'
Feb
6c
18
V
3.841
common—
Preferred
Thompson-Lund Mark Gold Miaes—
For
,
2.345
'
Standard Chemical common*
20
15% Mar
28%
Jan
18.300
Mines
80%
Apr J
Jan/
1.12
;
4,100
25%
t%
Apr/
1.40
? *
1.06ft
Springer Sturgeon
Sullivan
18c
National Petroleum
National Steel Car
'
.Negus
30c 30% c
19
w——20 •;; :-29%"\
-
-,-77ft
17
'
Jan
70
'
•
.Morrison Brass
Jan
Jan
16,100
—
Southam Co
4.50
4.70
20,985
70c
73c
27.350
4.50
53c
Apr
Jan
.
Apr
108y2 Mar
Jan
25V2c Jan
*
Apr
33 Va
45c
f
Feh
Apr
Jan
14
,88%c Apr
30,500
South End Petroleum
Feb
14c
22
Mar
101%
'
35%
,
,
Apr
76% Jan
1.75 Jan
Apr
18 /
Jan
13
27 Va
5
Scrip
106% Mar
,
Apr
125
common
605
21
Jan
61c
Jan
55
105
9c
Jan
1.0ft* Apr
1.135
Jan
13
Feb
10.100
.
37>/«
■
35%
Apr
1.500-
20C
16
65c
—
Jan
505
Ltd
■
i
Apr
3.65
.•
*
Monarch
82c
2.08
.*
24
„
Jan
20c
27% Mar
Apr
com.
36c
32,215
/
1.66 Jan
1.40
6.270
Simpsons Ltd class A new.—
75c
^
Jam
Silknit
8y8c Feb
11
18.500
11 %c .12 %c
1.63 Jan
Jan
47c
50.783
Gold
—-
Mid-Continental OH & Gas—12a
.Mining Corp'^—^ /;'9.15
-■'...■Warrants i——1.Q5
21%
220
116,050
35%
Apr
17%
;/y 6; /- Feb
10c;
Silverwood's Dairies
Mar
140
Mar
Mar
Sigma Mines
Feb
30c
6,200
,
•/ Jan
.
380
Jan
5%c Mar
174.900
27c
37
■
12.200
Apr
25 %c Mar
1.500
:
7C
59c
.
•
Apr
Jan
■
11,500 Z
1
;
Mines-.
Stadacona
28c
Lake Gold—1
Gold
■■
10
"
4.75:Mar
7.275
-l
25c
106
Jan
Feb
y
Jan
8
30
5-1./
Brewery common—,
Voting trust '
Feb
51c
67
Apr
1.25 Mar
8,703/
64%
Jan
104
Gold Mines Ltd-
Mines
'
Mar
166
Feb
Jan
Jan
;1 62c
Mar
775
Gold—
River
Pherrltt-Gordon
•
5 %'c
Red
McWatters
7c
500
69
.McLellan
McMarmao
104%
50
106
7%c
42c
45c
Jan
1.722
104%
T05:
vMcDoug-Segur.
-i--—i.i.—
Mclntyre Porcupine Mines
1
70%
McKenzie Red' Lake Mines./——^...1 * " 1.3ft'
-.
21
24
:
2.700
18c
—
1.57 Mar
25
;/25
::'19%Mar/
1,405
21
27% Feb
21
23%
•
Jan
Mar
45c
*
24%
10%
Senator Rouyn, Ltd
Shawinigan
Shawkey
Sheep Creek
15 %c Jan
2.20
Jan
Jan
23%
—
;22c
Mar
14c
24c
100
*
common
A
San Antonio
Sand
62
———
—
Preferred new
McBrine (L) & Co pfdMcColl Frontenac Oil
11
6.000
y
————50
Lawrence
Class
43c
10'
—
24%
1
—
1.25
10
•
Co—
Royal Bank
Jqn
17
Apr
1.15
25c
common
/
15%
1.20
1
Marlon Rouyn Gold
Martin-McNeely Mines-;
ie
1
39%
5%c Jan
Jan
14
•
1
Gold
Apr
Apr
Apr
970
Jan /
?
3.000
52c
1.25
Jan
17.600
28c
46c
Feb
1,70
40c
24%c Apr
9% Feb
100
15c
27c
50c
y
Feb
61c
34
5
■
11
Sicks'
Maple Leaf Milling Co common
Maralgo Gold™.
Jan
'/a, Jan
'
49,850
-,
39
_
Apr
Apr
23
Jan
5.45
Mar
2.70
*
35.600
/
-
_
65c
1.40
2.425
2.15
95c
1.45
—
St
3.75
Apr
4.00 Mar
Apr
30c
Saginaw Power pfd
7.50 Jan
3.10 Mar
•
MacLeod-cocksnutt Gold Mines—
Apr
2.00
1.00
.
1.00
1
Roxana
Apr *
Apr
Feb
86c
36c
3.90
2.15
2.10
-1
Feb
1.74
1
1
—
Jan
1
*
—1
—•
1
Sannorm
Macassa
Apr
Apr
12c
Mines.
Apr
40
•
—
:
54%
Royalite Oil
Rush Lake Gold Mine
Jan
34%
Jan
Jan
1.35 Mar
7.900
Feb
15 V*
Feb
Rouyn Merger Gold Mines
Jan
37c
910
34
32%'
22 %c
Jan
51
Roche Long Lac
Gold Mines—
1.46 Feb
2.48
1.50
Jan
17 / Feb
Jan
1.40
31%
Jan
3.45
*;
Jan
11
Rochette
Jan
1
Goldflelds
.Lundward Gold Mines—
22j/4
Apr
10
—
Gold
Class B
7%c Jan
1.55
1.35
3.30 Feb
.
Mar
■
2.55
14%
1
Macdonald
Gold
Richmac
Jan
24
Jan
19% Jan
Apr
———40
common
—
'Riverside Silk Mills class A-Jt
Apr
20c
Mar
Mar
13
2.20
Regcourt Gold Mines
Feb
23
Jan
19
Apr
Apr
-•
Groceterias class A_
Reeves
■; - Reno
26% Feb
37
Class "B"
Louvicourt
Lynx
Jan
18c
21%
37
1
*
.Lingman Lake Gold Mines
Little Long Lac Gold Mines Ltd
Loblaw
Apr
19c
Mar
Apr
1.75
.:r:'v^
Jan.
1
Gold
Lexinden
Jan
1.46
5,300
11c
Jan
65C
;
8,900
Apr
36
4,475
Quebec Gold
Quebec Manitou
Queenston Gold Mines
Quemont Mining
Jan
29 %
Mai
Jan
57c
.
Feb /
1.06 Mar
—
Dome
Flour Mills
Purity
*
11
24 %
Mar
Feb
2.90
Apr
1
1
Gold Mines. Ltd
Leitch
Jan
7.70 Mar
76c
10.475
Purdy Mica Mines
Apr
Feb
Apr
16c
1
1
—3
riecord Candy
Oro
Feb
4.95
Feb
Mar/:
29 y2
60
Metals
Preston
Apr
•
.Lebel
Jan
47c
——1
Corporation
Apr
20%
•
•
—
—
Jan
28 /:
;
1.270
Ttemier Gold Mining Co—
Jan
9c
0
1—
Mines———
i6«/2c
1
Mines
Lake
/ Lake
Feb
1.95
„
1
Co
Rouyn Gold
Voting trust certificates.
Feb
2.25
•
Duiault Mines Ltd
9%
Jan
16
5,730
1
Laguerre Gold Minesuu&e
Feb,
Jan
40c
Apr .Z
3.75
7,788
Powell
65c
Mar
26C
980
1
(John)
Jan
1.06
:'
/
Apr
1
Feb
0
Labrador
Feb
lie.
Apr
Jan
29c
12,20-0
//;■-■/.- 35
27
26%
29c
Feb
8
—1
Mines
Jan
21c
■
Labatt
,
Jan
35c
Apr
14,100
B'B'S
1.41
Pioneer Gold Mines of B C
Apr
1.53
21.400
1.75
14
1.60
S
Townsite
;
•/
6%c Jan
1.000
77c
23c
•
y:
———1
Porcupine Reef Gold Mines
1
Gold
Pickle-Crow
9c
Feb
1
Lake
Kirkl'and
A.pr:y
17c
24c
•-*
41c
:
Apr
Apr
15%
5c
__
—1
Kirkiand
Jan
17,500
7%c
•PicadUiy Porcupine Gold -.Mines—t
*
Kerr-Addison Gold Mines
2.85
46Cv Feb
;/30c
Proprietary Mines
Kenvllle Gold Mines————
Feb
Apr
/> 1.48
29,330
Porcupine Peninsular
2.30
;
Jan
1.00
1.02
_*■
Kirkl and Hudson
1.68 Jan
Jan
15.100
21c
1
Apr
2.09
Mar
15%
5c
1
—
Publishing
Jan
18o
,
35
25
35c
7%c
—1
*
Engravers—
41c
Feb
Apr
Apr
40c
——k
—
Mines
Photo
27% Jan
-
i
Mar
'
1
/
1,20 Mar
*
!
Feb
2.59. Feb
1 y
Mar
85c
.
545
Jan
,
710
/ ;
,y ;
■,
Feb
57c:
Apr
Mar
41%
Mines
■,
;•
7%c Jan
6,100
17c 18 %c"
Mines—/
Gold
Perron
Apr
Mar
114
22%
1,45
Gold
106
104%
41%
Waite
1.25 Mar
y«
10.600
UV®
>;
Mar :
1.69-
31c
1
Apr
;
104
22%
Jack
34
1.48
'
—i
Malartic—
22%
30
95c
-I
40
114
•
Jacknife
'
—
45
104
Mining———1
—
-
Apr
114
Petroleum——;
Mines
IB—l
Gold
Jan
100
pfd
Malartic
30
710
Uranium
Mountain
Jan
Parbec
21
500
International
Island
Paramaque Mines
1.65
•
29,588
Mar
Jan
Feb
10
45
International
;
80c
Apr
1.44
Jan
15
48c
>
Apr
■
17
Apr
30c
14,700
33%
».l
Mar-/
13% Mar
25.000
Jan
Feb
Jan
120
112-
/13%
13
1.30
43c
30c
Mar
21c
11,900.
11c
Apr
Jan
•
37c '
.
Apr
21c
114,083
63C
• ;
Mines Ltd-
—■
14
Jan
100
Milling 4%
Porcupine
175
34%
*
1
Pandora Cadillac
Mar,
45c
88c
40
33%
34
international Nickel Co common
■
Pamour
Apr
24c
60c
(new)
Jan
90c
40a
Oils
21%
45
•
Jan
82c
3,400
.
Apr
Mar
100
Petroleum
Hersey
Partanen
7l
class A
1.07
'
:
Apr
9%
Page
9%
.'
Mar
46c
Pacific
15%
7% Mar
14
275
60c
S
International Coal & Coke
600
Pacalta
Jan
;
55c
15
ice
Feb
Jan
6 % Mar
3.85
Apr
50c
1
—
9% Mar
■
6,000
1
;
17%
Mar
13'/# Jan
.750
8%
12%
62c
_I
common
15%
12%
25
Metals
15
814
Lake
16
30
Jan
/
Osisko
;
Jan
2.50
440
14
-"/j-// /•. :-v;' i-":" n*
Feb
3.000
16:
15%
Apr
Jan
1.40 Feb
2.50 Feb
,
5% Jan
;
12.625
/
116% 116%;
•
————■—u——*
common
Preferred
Apr
28%
15 V2
Crush
Orange
Apr
28%
•
.-^—^--—50 ■
Ontario. Loan & Deb_i_
-a
14c
10"%
16
1
——
6,000
150
.-4.:
-
/
•
Omega Gold Mines—
Omnitrans Exploration
Feb
2.305
6
Preferred
International
74c
Jan
12%
1
(John)-——
Inspiration Min & Devel
International
Mar
44c
12%
*
common
Lake/
Red
Inglis
•
24c
50c
32
61
—
—
39c
21c
10,100
11%
Imperial Oil
*—//.ii
—/.»/;.
Imperial Tobacco of Canada ordinary_5
Preferred
26c
18.500
12%
2.65
27c
50c
12%
2.50
Apr
7%
250
270
26c :
Oils
1,00
2.10
1,485
6%
O'Leary Malartio Mines
Gold
95c
22c
Feb
8%
Jan
62c
.
Jan
Mar
65c
45c
i
33c
45c
10.200
55c
O'Brien
Jan
10 •■'"-
10
Bank
;v 4.40
37% Jan.;
Feb
Apr
20c
12c
;
/
-
6
8
62c
.Jan
1.340
2.30
2.30
V'
500
35c
46%
1.0ft
—._1
—-———1
10c
14c 16 V2c
Mar
2.08
17,350
V>.
^—-—■---.———*
Mar
45%'
13C
1.10
Ogama-Rockland .Gold-
6C
-
Jan
1.05
15c
1.Q3 Jan
12.500
*
76c
70c
•
Okalta
3,000
•
26,800
Feb
20.100
,
24 c
Jan
7c
*
i..-—-
19%
25c
_*
Hunt's class A new
New
46c
Mar
74.506
1
:55c
57c
1
Mining 81 Smelting
Hugh Malartic Mines
;
-1
-
—.
25 y2
20c; Mar
lOo
1.84
70c
Mines—,
21c
32c
1
l
Mines
Gold
Hudson. Bay
<
-
1
500
1.70;
———,——5.
Preferred
Jan
16%e
—-1
Yellowknife
Homestead
ll%c
3.05 Mar:.
72% Jan
Mar
North Star Oil common—
Jan
*
Jan
63o
69% //
I2d
Jan
63c
Jan
Apr
5.65 Feb
63
1
Jan
Mar
8c
Jan
30c
20c
—I
3.60
Jan
Mar
■15
30a
Mar
3.70 Jan
2.142
——
Northern Canada Mines
North Empire Mines
,
20% Mar
30
Mar
20c
250
2.300
68
70C
——•
Mines
69c
Apr
45c
500
3.L5
Homer
Inca
Northland Mines
2.7,0 Jan
Mar
2.05
49,500
55c
ig
>
■Norseman
30c
Mar
35c
8.600'
/Home,Gil—;3.15
'
19c
4.250 '
■
180
17.500
Jan
North
17,500
•
...
Jan
Corp Ltd
Mines-—
Mining
■
'
Hollinger Consolidated Gold Mines
*
40c
2.05
8c
-
39©
.
1.41 Apr
20,200
4.00 /
ll%cll%c
■—.1*
1
1
Mines———.
Normetal
31c
:
High
'
Jan
10.600
<
/ 20C 24 %C
25c
22c
4.00
Nqranda Mlneg.
35c
Apr
.
v
—
Norbenite Malartic Mines
Jan
1.24
1.90 Mar
5.300
:
■:
Norgold
14% Jan
200-Mir
LOW
f
Feb
Apr
-
Range Since January 1
.
60c
1.0S
i.00
-
Mines
Nipissmg Mines
21;Apr
).'///
Mar
85c
Nicholson
Feb
12%
Jan
'
Harricana
Nib yellowknife
Jan
6.00
18% Mar
•
1
.
9Va
95
13
Jan
10c
:
i.
...1
Mines—
6c
4.7ft Jan
915'
10
21
•■•V*., '
;
Calumet Mines
New
'180
Apr .;//
Mar
10%
16,100
6eJ B 6c
Shares
of Prices
High
Apr
20
19% Mar
10
19 y2
Sales*
for Week
Range
lut
High
5.00
"
Hard
:
SaleFrioe
Range Since January I
High
lOVad
.
>/ Week's
Friday
STOCKS
for Week
-Shares
of Prices
tof»
RANGE FOR WEEK ENDING:APRIL 26
Sales
Week's'
Range
f'";.
.
Sale Price d
.
>
Feb
26%
Apr
5.35
79c
Feb
Jan
.
CANADIAN
MARKETS
LISTED
m
RANGE FOR WEEK ENDING APRIL 26
STOCKS
Week's
Friday
?
Last v/
>
Range
Par
Thurbols Mines
1
Tombill
———1
Mines_
100
i
Works
Toronto rIron
V Class
A
•———
1.70
65c
161
55c
85
13 Vi
13%
,835
28c
29c
4.263
33
35
22 M2
250
65c
Canada
Traders
;
Finance class
28c
A—
*
——
''.; Preferred
—100:.
TrauacouuneniHi
•.Twin
Gas
'Union
i
1.20
25c
39c
Canada
Northern
Power
•United
30c
32c
28.500
31
31
31
29 3/4
27c
•
'
24
Jan
30
Jan
54
Jan
2,000
7c
6.090
8 Ma
2.60
2.80
13%
2.605
Wane* Am met
Ltd—
Miuco,
Walker-Qooderhain
-i.i.n
&
Prftfprrwrt
"
Gold
*,1
,»
■
Worts
123 %
"
22 Mi
Mln«»s
Canadian
Canadian Ind
Class: B-
^
Alcohol
Wekusko
tWesi
Consolidated
Canadian
Malar tic-
•'Western
—
Grocers
14Mac Jan
192
—
;xWesteelProducts_
/'Westons
Ltd
•
Westons
common...
(George)
Wtltbey-Cognian
Winnipeg
Apr
87ct
Jan
Apr
Jan'
67c-
Feb
Crown
Feb
Jan
••
32
Feb
21
Mar
5.10
129
1.69 Jan
Mines.
Dairies
Apr
55c
Mar
Dominion
29c
8.500
24%c
Apr
60c
Jan
Dominion Foundries &
Dominion
70
145
Jan
195
Apr
29
65
25
Jan
30
Wool
32
635
108"
Mar
33 Ma
104% Jan
108 Ma
Jan
17c
Mar
Apr
11.000
14
14%
693
13 Ma
104
104
104
105
94%
Jan
28c
32c
6.500
26c
Feb
43c
24
Mar
26
Yellorex
■
...
5
25 Ma
26
•
160
5.15
5.10
5.20
1.955
59c
57c
64c
31.600
v/' «
19c
19C
19c
--6,000
16 Ma
17 Ma
.
Ymir Yankee Girl
York
Knitting
-i.
v
/
• •
-
•
common
Glass
Dominion
17%
Feb
trust
Preferred
-
^
5.00 Apr
32c
Jan
370
67c
18c
39c
Jan
19
Feb
Mar
14% Mar
v
East
Feb
Feb
6.55
L.Y ^
. —«—
' *<
*"
'
37
37
——--T
i> 5#?t
r>
•
37
$100
37
certificates
Shares
Players
Vi%
Preferred
Bruck
ir
Paber'com—*:
Silk; Mills
&
J
Canada
Vineggrs
Canadian
Dominion
170
23
55
36
75
50
56
Feb
185
80
170*
Mar
8
4.336
101
85
7 Ma
99
99
Canadian
Coast
"•,
■'
Lumber
Western
Power
Consolidated
A—.---I
Press class
ADr
.185
100
42
43
850
153/4
16
1,560
11%
10%
11 Mi
33
33
34
75
47
47
49
585
8Mb
jpreferred
Dominion
s.
■
84
Jan
104%
21%
Jan
28
23 Mi
Feb
32Ma
18
90c
19 Ma
Feb
90c
19 Ma
Apr
16 M2 Mar
2OM2
Jan
27
35
Jan
1,695
90
29
v
q
4,635
200
19 Mi
>
Ma
32
75
19
32
q
18
18%
183/4
18%
425
110
65
105 Ma
Jan
111
Feb
111
45
110
Jan
111
Feb
6 Mb
18%
19
107
Jan
55
J an
110
996
143
,
10
10
10 Ma
400
37
10M2
37
110.20
37%
360
2,316
13 Mb
Jan
15%
Feb
3,800
7M2
Jan
8%
Feb
•
35
35
36
600
32 Ma
Jan
38%
Feb
^
21M2
1.125
3 Mac
Apr
5
Jan
3.50
3.75
14.400
International Paper common
Preferred
2.75
500
2i y»
23 Mi
14.977
2.80 Mar
3.85
Apr
2.10
4.00
17 Ma
Jan
22% Feb
Jan
39
39% Mar
47
Apr
Feb
43% Mar
59
Apr
19
120% Mar
140
Apr
21M2 Mar
39
75
41 Ma
44
3,390
15
553/i
54 Ma
57 Ma
8,100
Jan
Jan
140
140
100
—
•
223/4
22Ma
23%
3,375
•
54 Ma
53%
54%
43
43
45
295
96
16
16
16
50
15 Ma Mar
23Mi
21
Jan
26 Mi
Apr
40c
Jan
85c
Jan
7
Jan
18
Apr
130
Apr
Labatt
Feb
45
Jan
Lake of the Woods
n
*-i
20%
Apr
Lang & Sons Ltd John A
*
23
Laura
40
50c
1.500
18
18
18
100
125
130
40
42
43
195
39%
19%
20
250
15
Apr
International Petroleum
International Power
118"
Mar
1.60
Feb
2.15
Jan
23%
Jan
39
common
Utilities
Public
Jamaica
Ltd
Co
Serv
15
Corp
Ltd
•
com
(John)
28%
37
22%
23
22Ma
22 Ma
20%
5,336
,
20Mt
*
*
23 Ma
23 Mi
24
4,005
16 Mi
Jan
24
Apr
Mitchell
(Robert)
*
33
32
33
475
27%
Jan
33
Apr
3.65
4.CO
111 111 Ma
5,100
Molson's
Breweries
100
26c
—
2.60
55
4 Mi
4 Mi
5
110
48
48
10
13c
13c
13c
Mar
104
130
26c
1,500
Feb
5.00
Jan
22c
2 Mi
46 Ma
13c
Feb
111 Ma
Apr
Montreal
28c
Mar
Feb
Cottons
Feb
5
Apr
Feb
48
Apr
Murphy Paint Co
33c
Jan
Mar
Preferred
22 Ma
22%
41 Ms
41
42
30
30 Mi
*
29 Mb
180
29
30
29
30
•
68M2
69%
Ogllvle Flour Mills common
*
33
33
34
181
181
:
-'
'•••'•'
23
I
nge
of Prices
Low
23
22%
25
25
107
Canada
Shares
23
20% Jan
14% 'Jah i.?
1,025
925
26%
120
35
23
100
29
108
108 Mi
19
19
102 Ma
I30
142
54 Mt
55
10%
9%
102
■
Warrants
■
Corp
2%
Paper class A
33
_•
33
Telephone
23ys
100
& Power
Bank Note Co
Power Corp
23%
199
•
198
27%
•
29
A—___•
27 Mi
•V. 32
-
.28
31 Mi
?
B
—
——
Building Products class A
Bulolo Gold Dredging
*
4mb
•
5
21
33%
23%
277/e
•
21
Jan
Jan
109,
Jan
20
Apr
r
Mar
Regent Knitting common—
Apr
Apr
72
Jan
63 Mi
Jan
446
30 Ma
Jan
175
21 Ma
*:
•;.
35
Jan
Apr
181V Apr
Feb
26
Jan
8 Ma
Feb
18 Ma
Jan
7%
700
510
16
Mar
33 Ma
34
270
30
Jan
34% Feb
78
79 : ;
100
70/
Jan
81
19 >
775
19
Apr
23
35
935
30
Jan
36
Apr
17 Ma
Jan
/
19
19
.34 Ma
(
34
>e"
15
-
tvT6 V."
101
1,150
73
23 Ma
25 V
——*
Apr
Feb
,
Preferred————————25 •
Rolland Paper common
•
Preferred [———-!——--10.Q'.;
100%
Jan
975
17%
15.
Apr
25
Apr
19 Ma
Jan
275
10
25%
20
Feb
102
15% Jan
225
25
25 Mi
19%
73%, Apr
54% Mar
190
I8M1 .19%
21 Mb
21 Ma
21%
13% Mar
4,171
101
68 Ma "
70
101
18%
-
6 Ma Mar
5U".
15
——————f
■
^'v.
30 M»
30 "•••
18%
7
17%
———*
River
Power •
Jan
Jan
Apr
22' .Mar25
■/
Apr
;/25% : Apr V;
,
Feb
56 % Mar
;
200
105% 105%
1Q5
10
Apr
109
103%
180,
1053/4 1053/4
20Ma -Apr
16 Ma Mar
Jan
Jan
106
i
Feb
856
2
<
1,690
30
1,515
•:
Jan
3 M«
Feb
35 Mi
Feb
Jan
19
Feb
24
Jan
200
Mar
25 Ma Mar
•
355
30 Ma
Jan
22Jan
29
"Jan
3 Ma Mar
';v:32,y>33%';-
x
■.
200
9
9
34%
————
Lawrence
20
Jan
r
32
5
23%
233/4
Jan
34
20Ma
Jan
24 Ma
Apr
Jan
Jan
Mar
Feb
(H)
34
Apr
3 ♦/ Apr
/
Jan
Mar
41
4 Ma Mar
95 Ma Mar
94%
95%
1,380
83
Feb
26
25%
26 Mi
3,982
21%
Jan
26 Ma Mar
*
———a-i.—100
34
33%
35
29
Jan
35
Yl67"v
167
160
Mar
167
37%
Jan
56
Apr
100
Sicks* Breweries common
——*
>■>
Preferred
-—/.
Simon
;
95 Ma
preferred
Sherwin Williams of Can common
—
100
419
-■ :
367/s
Feb
•
Paper
Shawinigan Water & Power.
Preferred'
3 Ma
30
1.095
35%
34%
Apr
93/4 Mar
7s/b Mar
1,070
9%
•
3 5 Mi
3
Rights ;
St
.
Apr
'27
1,300
*
Saguenay Power preferred————100
Bt Lawrence Corporation common—*
A preferred —
—50
St Lawrence Flour Mills com——*—'
Apr
181%
488
10,524
400
y
Quebec
Apr
:
2i
33%
common
51
Apr
Feb
1,353
Apr
12
100
2i
103
102
960
V'
4%:
•
Feb
Jan
■ •
Feb
98% Jan
,
199 Ma
32
-
255
33%
Tubes—————*
Development--———1:- ;
Co————f
y.,y
yA-^
Power Corp of Canada:
'
Price Bros & Co Ltd common—:—-*
5 Mo preferred
—-——100
Provincial Transport
———*,;/
38%v Apr
8% Mar
2%
29
•
.26
17%
30
*
•
18%
Placer
Apr
13,475
101 % 102
-
•
"7 Ma
Powell
Apr
221
106
50
10 Ma
107
54 M»
82
19
54%
.-*
Aircraft—:———
Penmans Ltd
Jap
26%
-
20 Mi Mar
10
221
>■
Jan
170
215
24
Jan
4
22
108%
Anglo Canadian Tel Co preferred
50
Corp common
;
♦
4%% ' convertible preferred——-10Q
23
*
Car
Page-Hersey
Range Since January 1
Low
High
.
102 % 102 Ma
*
common
Light, Heat & Power com—100
for Week
High
35
pfd——100
Products,
Steel
Ottawa
Sales
106% 107
23
_100
Ontario
Ottawa
Seek's %
Last
Par
—100
.
Exchange
100
•—
Jan
24
5
Preferred
Feb
32
106 M2
44
'25
A
56
Jan
Feb
24 % Mar
125
68
Apr
Jan
28 Ma Mar
1,507
•
Car Corp
Apr
253/4
105 Ma
526
49%
49
49%
*
common
180
Jan
Apr
30
115
100
——
34 Mi
Feb
22 Ma
75
106 Ma 106 Ma
*
common
141
45
7,552
23
Light Heat & Power Cons—•
Montreal Tramways
100
29%
930
180
180
.100
common
34
33%
34
•
Montreal
Funds
Friday
'Argus
Bruck Silk Mills-
Feb
Apr
McColI-Frontenac Oil
y-.-'
Class
Jan
Massey-Harris
Amalgamated Electric Corp
Columbia
1434
Apr
220
British
23 Ma
21
Jan
Apr
—
Light
2 8 mb
Apr
.37 Mi Apr
23'
Apr
59
Aluminium:':Ltd
Trac
,
18% Jan
193/4 Jan
26%
^Agnew^Surpass Shoe common^Aigoma Bieei common
—
it*:'
pvAfor»«Q
"
*
^V'
Amer
Jan
.29-.. /JaiY
18
Acadia and Atlantic Sugar A com——*
Acme Glove Works Ltd common--—*
Brazilian
,28
665
"680
44 Ma Mar
■
British
Apr
Apr
9.270
Sale Price
Bell
Apr
16 Mi
2.105
§1iC <•"
Power &
46 M2
Jan
57%
Canadian
Bathurst
57
Feb
12 Mi
35
19%
7
Feb
40
710
283/a
37
*Y
—
Milling common—*
—"
Secord Candy
-3
47
26 Ma
STOCKS
«,*■v"i'
27% Jan
Apr
26 Mi
Montreal Stock
*•■
lWi Jan,
Mar
33
22
39
Wire Weaving
Noranda Mines Ltd
Asbestos
"
145
21%
41%
Niagara
'
V^.:;/Apr-
~
—
25
National Steel
of
15
3,387
torn—*
common
Preferred
National Breweries
Co.
Jan
8%
4 Mi
•
Aiummura
37Mi Jan
x
54
Mining
i
Feb
Apr
112 Ml
Jan
15%
3%
45C
•
•
12 Ma
38
9 Mi Mar
30 Ma Mar
110
Apr
Apr
16%
International Nickel of Canada
i
'>
V-
217
Mar
17%
25%
preferred
—
13
Mar
435
110.20 110.20
Feb
56% Apr
143
Apr
14
Apr
Mar
108
8Mb Mar
143
.
2,960
17%
16%
20%
Mar
106
9 Ma
9
143
17
18
30
56 Ma
55
55
9Ma
6%
Apr
1,075
19
107 Mi
107
6 Mb
11,365
6%
8
2.50
1
Preferred
19% Mar
110
Jan
26 Ma
:$ Temiskaming
-
Jan
Feb
15%
Feb
2.700
14%
Jan
Apr
15%
Apr
.335
Jan
8
18
1.65
13%
19 Mb
34
Mar
Mar
15%
14
30 Mi
9
15
28%
Apr
16
115
1.60
Mar
Apr
110
110
.
—
17
1.60
Feb
45c
25 Ma
105
47
29
42
13
100 >
Feb
45%
23 Ma
22%
Apr
>Jan
90c
19%
25
1,020
19 Mi
90c
19
Apr
Apr
23 Mi
90
25 Ma
105
29
26 Ma
520
65
25 V2
Ma
46
Mining
Bay
Apr
Apr
Investment
Mjf % preferred
Apr
Apr
Feb
840
18
*
Apr
50c
1^; Supertest Petroleum ordinary
6
18 Mi
12 Ma Mar
5,280
55%
Stop & Shop__w__
n
Jan
630
25
100
24%
*
Pend Oreille■
Grain
Feb
Apr
Apr
26 Ma
Ontario
Reliance
37 Ma
49
—15
Paper common—
Minnesota
Southmount
Jan
Paper——9
International
.
31%
47
385
104
*
3 Preferred
I
<fe
11 Ma
28
25
50
•
Bridge
19 Ma
29
-
Jan
25%
105
—*
3.60
Foothills Oil & Gas --——--I-.,——•
,
10 Ma
25%
—100
:
250
"
~r-:
Jan
Apr
16
28
•
333
100
—
Paper
45 Mb
Industrial Acceptance Corp com
Apr
"
ill——
—
Briage
Donnaconna
Feb
61
18%
17 Mb
17%
25%
6%
21
•
common—.:
Jan
114
Feb
40
13 Ma Mar
Imperial Oil Ltd
,i
•
Imperial Tobacco of Canada common_5
'
£1
Apr
"
Aircraft
deHavillpnd
,.92
*
Hudson
Apr
5% Mar
•
Oil
905
98
16
100
International
Dalhousie
Feb
42
100
3%
w•
31%
100
100
:
26
5
Oon.soliriar»*rt
Jan
330
•
common
15%
^
Copper
Feb
29 Ma
31%
*
20%
..-..--,.-1
50 Mb
31%
.*
Canada
24%
Sugar———
-
Jan
Feb
78
Mar
Jan
62"
Apr
475
62
74
7 ma
»
-
48
31%
Canad Corp new—*
of
Co
International Bronze
Canada
Apr
25
*
:
Howard Smith Paper common
Preferred
1
High
184
preferred—100
.-
Jan
1
;
preferred—
Hamilton
Range Since January 1
Low
33%
60
■—1
—.100
Apr
1,099
*
Gypsum, Lime & Alabastine
High
33
...M.Tn,
Pulp
93%
'48 Ma
for Week
Low
,Atlas Steel
r'«iu &
Jan
•
-
Columbia
Apr
78
41 Ma
25
Goodyear Tire pfd Inc 1927—
Gurd (Charles) common
Sales
»:-y.Rangev^
of Prices
■
Sale Price
Coii.HnoiM
19
15 Ma Mar
630
4,895
49%
-
;
Preferred
Week's
Friday
Co comiiiuti—,
Feb
18%
•
common
preferred
•?•.
Exchange-Curb Section
Par
British
24%
933/4
49%
new
-
Gatineau
Last
Brown
Jan
19% Mar
Feb
43
Apr
Canadian Fonda
•*'
17%
48 Ma
18 Mi
•
Preferred
.
Jan
Apr
Jan
15%
90
49%
25
General Steel Wares common
.Corp -—/
Jan
18 Mi
43
Mar
; v
48
18 Ml
General Bakeries
-.Asbestos
6,300
*
common
Class: B ——;
5
,
22 %
*
Corporation
English Electric class A
■■■■■■■
STOCKS
20%
*
Steel
Electrolux
•
Toronto Stock
50
•
Kootenay Power—,
Famous
m %'
16 Ma
1,175
*
Ltd
Dominion Textile
Foundation
-
16%
22
13 Ma Feb
33
139
15 Ma
43
Feb
16%
3,525
143/4
25
-
common
new
Stores
Voting
Jan
Apr
105
Bondsu-.; /
UchirBonds
18 Ma
17%
41%
15 Ma
53
Mar
.
♦
_
Jan
18%
Dominion Tar & Chemical common—*
Feb
29c
Combing.—
H
45% Mar
50
•
Dominion Steel & Coal class B
Feb
30c
25
40
17 tec
■-rrr,,,,-,,...,!
Wright Hargreaves; Minan
Apr
50
•
Dryden Paper
•
Apr
43 Mb
Jan
192
18c
—
;
67 %
Jan
*
preferred
40c
17c
-——.—100
~
Coal
6.800
31 Mo
Apr
Jan
40 Ma
42
.-*
Co
Seal
&
Distillers Seagrams common
Dominion Bridge
23 Ma Mar
1.15 Mar
Cork
45c
106 %
_±
common
———.
Gold
:,„„*
„
—
22 Ma
59 Ma
300
50
5
Davis Leather Co Ltd class A
4
28 Ma
600
527
933/4
109
190
29
4Vs% pfd——100
Mines
Electric
'ȴ** Preferred
•v.Winora
»
22 Ma
Consolidated Mining & Smelting
Consumers Glass
27c
f
>
common
Jan
42%
18%
18
*
Oils
44c
———»l-
20 Mi
42%
Feb
295
15
Apr
221
42%
* *
i
———-
23C
16.700
53%
67 Ma
16 Mi
3.510
1.33
Jan
22 Mi
Jan
4.65
22 Mi
47.
66 Ma
■Ls;:;:
2 1Mb
1,500
1.25
Feb
IOO
.
16% Mar
21 Ma Mar
Canadian Pacific Railway———25
Cockshutt Plow
*
30c
,
Apr
27%
20 Mb Mar
67
•
25
•
common
-
Canadian Locomotive
Feb
Dominion
■:
53%
-
'
Jan
52 Ma
Jan
53
22%
Jan
47%
Investment———U--*
Foreign
40c
22 Mi
*
-
common
18 Mb
360
Feb
43c
123 123 Ma
Foundry
A
1,193
19,391
Jan
4.50
4.60
com——*.
*
common
20 Ma
52 Ma
26%
3.98
28C
28c
Feb
14% Feb
9 Ma Mar
50
12
20
13 Ma
40c
5.674
Feb
21
24Ma
Jan
2.55
12.010
13
40C
9 Ma
Mar
29 Ma
Jan
52%
13 Ma Mar
2.63
———
Geld' Mines
Lake
10c
11%
13
Mines
Class
Apr
6
10c
Feb
16 Mi
52%
/
-50
common
[Canadian Ceianese common—-*
Preferred
100
Apr
40%
10 Ma
10%
~
26
Jan
.75
1,255
8
Canadian Car &
Feb
340
30
Canadian Bronze
Jan
45c
Mar
148
Jan
20 Mi
—•
Apr
Mar
31%
Jan
75
High
21% Apr
14% Jan
131
26 Ml
„•
Apr
12
Mar
26%
-
20
54
7 Mi
—.
Ventures. Ltd.
Wasa
28 Mo
53 Ma
.
•
®
25
9 Ma Mar
2.565
"A"—-
class
United' Steel
•
Jan
110
20
12
Canadian Breweries
>1.80 Jan
Apr
15 Mi
31C
Upper Canada Mines Ltd.
Villbona
1.18
360
10 Mi
ona
Vicour
13.200
25
'28
19
Corp
Canada Steamship common—
b% preferred —
—
Jan
105
1.26
10
Corp class A
Class' B
35
Feb
1.18
10 Ml
Class B__
Apr
23 Ml Mar
103
10
28
8,575
Apr
11 Ma Mar
24
Co
United Fuel
104 M2 104 Ma'
*
Mining
.United
,
•
City Rapid Transit common
Onion
104%
383.
28
-
*
■'
Exploration
.Towagmac
-2i Mi
148/.
20
.—*
class A
LOW
20
148
21
Mi
Range Since January 1
High
Low
/ -
148
—
100
Forgings
for Week
Shares
of Prices
'
13 % Apr
14
Apr.
Jan
common
Canada Iron Foundries common
Apr
161
Jan
11 Ma
Cement
Preferred
Jan
'2.40 Feb
Apr
142
37
13 Mi'
Mar
1.70 Mar
300
•
Canada
1.25 Mar
Mar
20
'V,.
Par
High
73c
12,900
13 mi
13 >/4.
,*
.
50
161
161
*
common..;..
41,150
21
55c
95c
1.09
1.60
Gold
•oToron to-General Trust—
.
Low
95C
98c
Toburn Qoia
..
High
21
*.
Tip Top Tailors—
Sale Price
Range Since January 1
Sales
Range
Last
Shares
tow
Week's
Friday
,
for Week
of Prices
Sal© Price
V.
STOCKS
Sales
& Sons
common
——*
!;.*
//—!
■:
-SS:
180
.Vi
Apr
v
Apr
54%
54%
55..•••
54 %
•--,
y
710
55
75
36
Jan
55
Apr
33
75
31
Mar
33
Jan
,
ZY33Y:
j
'
Climber.
.Volume 163^
'M,'■}
H-J.-«,.<•?
-
CANADIAN
'
STOCKS
Week's
Friday
of Prices
Shares
:4>V.-C;4''4:
——
Standard Chemicals
—
v
*
Low
High
33
25
22%
18% Jan
15 y3
15%
14%
12%
14%
Jan
16
Jan
10% Mar
16
103
90
91
92
92%
Jan
103
Mar
91
City
"44
*
;
Rapid Transit
84
Jan
Jan
44
Journal
Lake
92% Apr
31
United Steel Corp
Viau Biscuit preferred.
90
Walker Gooderham & Worts
Preferred
——
John
Western Grocers
195
common——
Weston (Geo> common,—
Wilsils Ltd,
y.V--;r.
31%
109
103
_100
Apr
MacLaren Power & Paper Co.——.
Tel
92
Feb
-
170
Mar
195
27
Mar
05
104
6%
common
preferred
Jan
Ltd
McColl-Frontenac
Oil
'f> ,*
"V;»;
Melchers
?'v
r''%}}''■>
*
Mar
104
Apr
21
21
21
16% Jan
22%
Feb
22%
23
835
19%
23% Mar
;¥
-10
26%
26%
27
250
21% Jan
39
39%
25
24%
25
35%
50
..
"
534
<
Jan
33%
27%; Apr.
;
39%
Jan
1,528
20
Jan
35
.
41%
41%
15JA
20%
16
20%
20%
16
20%
30%
30%
105
6d
35
Mar
25
Apr
•
'"•r"
8
:io
Apr
8
15%
50
50
49% Feb
$15,000
50
44
v-T
Jan
14%
Jan
20
1
Jan
17%
:
SQ
Apr
28%
25%
Feb
Apr
,20%
Jan
1
to
26 %
13%
13
13%
-
100
8
•
Apr
35
Jan
105 Va
Jan
8
200
Jan
11%
15% Mar
13%
7,220
718
17.
14% ;
Jan
18
Jan
110110%
110%
11
57
20
43
13
13
200
50%
50%
3
•
34
Screw
Co
Stores
60
32
75
108
"
3 5
:,;,
'?'Apr
18
Apr
Feb
.115
*
2fic
13,60 i
Apr
;:v<51^lrFeh;
.
41
iJan
>111% Apr
v
7li'vMJan:M
1,200
»
28o
12%/Jan
Jan
127
Mar
re
Apr
30c
Jan
'
Ltd
Ltd
34
Jan
Apr
57
,Jan
.
100
Co. Ltd.
■
Jan
.
7 50% Apr
111 111%
111%
16%
'J.i.l
> TifSt ■» ' "
; 111% .Feb
'.'y
Jan
•Ml
12
pfd
-
Apr
14%
Feb
''
110
57
;
Invest.
Jan
8
1
26%
Feb
11 %
70
14
10
...
Southmount
28
26
Jan
125
14
Jan
29%. Feb
Si
•
common
20
16%
.16%
16%
17Mar
Mar
United Distillers of Canada Ltd
,
Jan
17%
21
Feb
104%
3uJ
16%
26%
••4.40 f.A-
—5
-
Southern Canada Power 6 %
|
Jan
Jan
'
Ontario
&
Sarnia Bridge Co, Ltd....
v?
«Mar
35%
12%
15',
;
Apr
34
j
73
105
Quebec Pulp & Paper 7% red pfd—100
Reliance Grain Cq Ltd pfd_»—
: I
"Apr
85% Mar
,
8% Jan
650
.
31
105
.....
Thrift
notes.
Jan
16
Feb
12
■
*
,
Power
415
•
Corp of Can 6% cum 1st pfd_100
Partic 2nd pfd—....
..50
Stowell
Bonds—
375
14%
14% Feb
60
1
22%
Scotia
Montreal
12
14%
11% •
14%
Power
-10
,
Royal
G4
,'
35%
Nova
250
77
Jan
53% Mar
--J
common—
;
Preferred
—
.16
77
100
Paper Co
Mount Royal Hotel Co Ltd
Jan
-in
Montreal
16
Jan
17%
.V-
Mar
100
pfd
Purity Flour Mills Co Ltd—
Canadienne
Commerce
52
..10
pfd
5%
6fo
Distilleries Ltd
Preferred
Minnesota
?
Banks
10
Ho
com
——
Massey-Harrls Co
Apr
Apy
Apr
33
13
preferred
Feb
23
Ltd
Co
Jan
127%
Apr
7 7e
Mar
Tel
&
Nuclear Enterprises
Zellers Ltd
52%
11%
Maple Leaf Milling Co Ltd common-
34
Preferred
Xnc—u—'—•
Feb
22
14%
52%
33
,4.;
Apr
27-
13
13%
*
common
'Mar
16
Ltd——......—
,;.v4
13 %
28
Winnipeg Electric
28
77
102%
31%
;27
50
& Power
Jan
74% Apr
195
31%
t
Paper
(Alfred)
Co
:.
Maritime
22%
32
52%
pfd—50
conv
cum
Jan
8%
125
22%
.—♦
High.
Feb?y;.'7s 16%
10%
32
Publishing Co of Ottawa Ltd—*1
St
Lowney
Apr
24'A
Jan
100
90
124
•
com
...
17%
10%
11%.
102% 102%
100
Wabasso Cotton
:.
24%
Low
■
Apr
79
44;:
24%
*
Range Since January 1
High
110
.—t—_2Q
—
Lambert
Tooke Brothers
Shares.^
Jan
Jan:
5% preferred
Inv Foundation G7o
Apr
Jan
Low
for Wee*
'international Paints (Can) Ltd A..,,.*
Apr
25
100%
103
25
33
Sales
Range
of Prices
Par
High
28%
%
common—— —•
———,
Last
Sale Price
Range Since January 1.
22*A
33
22
...
5% preferred
'
—10Q
Steel Co of Canada common————*
Preferred
Z010
Week's
Friday
for Week
—*
Southam Press Co
.*
Southern Canada Power—•
26'UkSiSSS
-
Range
Sale Price
Simpsons Ltd class B—
LISTED MARKETS
RANGE:FOB WEEK ENDING APRIL
Sales
:
Last
Twin
CHRONICLE
THE COMMERCIAL & FINANCIAL
4485
•;>—typ(.*.*•?I-'W*-H-
'
*
United .Securities, Ltd
100
190
10
:
17%'i Feb
Jan
5-
^0 75-
r'Sytuti
Jan
16y2 Feb
-
-■+
»'■
'
Westeel
Products
Corp Ltd
•
28%
165
28%
29%
Apr
Mining Stocks
Alger
Montreal Curb Market
Gold Mines Ltd
Altamont Mines
Arno
1
Ltd.
19%c
*
;
'
7%c
Astoria Quebec Mines Ltd
1
Athona Mines
1
Aumague
Canadian Funds
35c
"
Mines Ltd
1
7c
'•
1,000
52c
Jan
17,000
26c
Mar
:
7,400
8c
60c;
60c
>
35c
17c 12%c
ll%o
Jan
>
I
200
87c
Feb
•1,000
60c
50c
Apr
)
1.50 Feb
j
'
STOCKS
Week's
Friday
Range
Sale Price
of Prices
Low
Abitibi Power & Paper new com
New $1.50 preferred
/•
•
Sales
for Week
JLast
*'
Shares
■
Range 8ince January 1
Low
High
17
17
18%
20%
20
21%
8,407
(1937) Ltd
Gold Mines Ltd
14
i
-
'
Apr
|
21%
Apr
•
7%
7%
8
5
'Mar
100
155
155
155
55
140
Jan
14
14
14
,110
13
Apr
15%
Feb
13
Jan
15 %
25% Mar
585 ?*'
1.10
V:j r.
4":
1
Gold Mines Ltd—1
M
25c
1.15
•
£s *4
"
•
300
'
500
1.15
25c
26c
45c
1.62 Jan
8,600
45C
1,600
34c
Gold Mines
8
Apr
160
—1
-
1
--i
2.10
—
t
Bonville Gold Mines -Ltd^-u..^.r-
f
Brazil Gold &
Bouscadillac
—
Gold Mines Ltd.:
;
Apr
Cartier-Malartic Gold Mines Ltd
1
28%
Jan
Central Cadillac Gold Mines Ltd——1
52%
Apr
Centremaque
Century Mining Corp Ltd—
18c
1
Diamond M
57c
!
|
4,000;
5.00C
1
Corp
Apr
1
Feb
Jan
' |
com.,,,,,*
Belding-Corticelli Limited
Belgium Glove & Hosiery
48c
1.10
*.<
VW'"'
'
Exploration & Radium Ltd
Beaucourt
Beaulieu
Bathurst Power & Paper class B
*
■
Beatrice Red Lake
18%
18% Mar
10,055 r
Bear
High
Mar'
-
'
48c
1.10
i
4,000
1,000
■
Brewers
British
&
Distillers
American
of
Vancouver
5
Oil Co Ltd
British Columbia Packers
14%
*
Ltd
British Columbia P & P Ltd
40
26%
27%
14%
27%
1,102
J:
*
Preferred
--
52
52
45
38
•
com
73
73
73
50
55
Mar
77
Apr
182
182
35
170
Mar
182
Mar
Cheskirk
7
8
7.87a
Apr
Cournor
99
102
50
10
3,545
100
Brown
Company common
7.".' Preferred
1
1.
•
7%
100
9.9
10
9
*
*
25
25
25%
62
61%
62
Can North Power Corp Ltd 1% pfd_100
Canada Starch Co Ltd cbmmon
100
111%
Butterfly Hosiery Co
•
Jan
5% Mar
86
8
104
Jan
&
Dominion Sugar
Malting Co Ltd
Canada
Canada
Vinegars
Ltd
520
25
10
56%
50
111 111%
99
Apr
Feb
13
100
10
16%
16%
60
14 y2
Apr
62 y2
Jan
109
13
*
Mar
111%
Canadian Dredge & Dock Co Ltd
General Investments Ltd
•
27
27
25
•
17%
17%
751
Industries Ltd
*
206
210
155
185
187
Canadian
7%
class
B
206
preferred——100
•»
Aft-*
—
25
r
Jan
Canadian
Ingersol Rand Co Ltd
Int'l
Inv
65
*
Trust Ltd
65
Apr
18
20c
7%
Jan
212
Ltd
Mines
Dome
*
Mines Co
Ltd
13%
131
187
3%
3%
4'/a
3,360
62
Mar
28c
y.
Mines Limited..
Mines
100
27%c 27 %c
1.24
41c
Sullivan
1.24
46c
26%
5,500
100
1
2.30
2.30
Apr
4lc
1
Canadian Pow & Pap Inv Ltd com
•
5% preferred
—*
Gold
2.30
3.90
500
3.55
Nickel
Falconbridge
Fontana Mines
Mines
Ltd
1.01
10,300
98c
Mar
17c
17c
l.COO
16c
Apr
95c
95c
1,000
95c
Apr
*
-
65
Found Lake Gold-*
Apr
Jan
9
Jan
Goldbeam
3%
Apr
Jan
Goldora
Canadian
1%
Vickers
Ltd
679
15%
15%
16
25
13%
Jan
36
7,526
12%
98
*
35%
28
100
common
preferred
5%
160
150
160*
1.75 Jan
321
35c
20,950
24c
1.38
31,500
80c
32C
Feb
Jan
Jan
32c 34%c
...
28c
22.600
4%
Mar
1.35
1.40
T.500
22c
1,400
20c
Jan
Feb
36
Apr
Jan
160
v
...
_
1
84c
880
57,000
60c
Jan
<•!>;.A
Apr
80c
Feb
49c
rn\.n.i1.45 Apr
,;.-3
58c Mar
Mar
Apr
•
ur-2.05
Jan
35c
Jan
1.15
-
Apr
Apr
18y2
6.75
.
Jan
20c
1
Apr
Hollinger Consolidated Gold
Hudson
16%
1
Rand
16j/2
16%
15 y4
535
Jan
19% Feb
65c
50c
60c
556
50c
Apr
75c
74c
78c
25;050
61c
Jan
1
6c
6c
6c
5.563
5c
1.03
1.00
1.16
38.900
1
2
3.G0
3.60
3.75
Feb
J-M
Canadian
*
58%
58%
59
185
57
Jan
62
Feb
Joliet-Quebec Mines Ltd
1
1
18%
17%
18
395
11%
Jan
18 y2
19
Feb
Lake
1
•
11%
•
55c
Apr
1.10
Feb
Apr
Westinghouse Co Ltd
Cassidy's Limited common
Catelli Food Products Ltd—,.
9
-
'*&*■
■
Wines
Claude
General
Neon
''
r.i«*
Chateau-Gai
18
18
110
16
11%
11%
100
55c
65c
1,442
65
65
45
Adv
Alcohols Ltd
4%
5
425
7'/a
7%
125
21
23
21,893
26
26
50
5
8
150
56
56
160
42%
41
42%
2,070
25
25
25%
40
3.80
Apr
7
—
com
100
Commercial
24,075
2.40
.
Mar
■.■'■•it!
Ltd
Preferred
40c
60
•
common
Preferred
,5
—
22%
„•
Ltd, class A
*
M
*
-
8
Dominion
Engineering Works Ltd
•
Dom Oilcloth & Linoleum Co. Ltd-—.*
'
'
'i:-;';
'
' ).
'•
•
Dominion
Dominion
4.1,.
Woollens
,•
17
*
19%
17
17
Jan
Louvicourt
Mines
20%
2,142
13%
7
15%
6%
Feb
Jan
8%
23
Fairchild Aircraft Ltd,,——8
.4
4%
475
Aircraft
::
Candy
1
59%
Ltd
6
:v'W'
'
Apr
26
Apr
Jan
8
Apr
44% Mar
56
Companies
38% Jan
51
Apr
19 Va
26%
Jan
■
-r
59%
30
5%
6
1,000
13%
15
y
,
Great
Realty Corp—-—,-.
Lakes
Common
Preferred
Halifax
Hotel
Paper
650
"v.
68
29%
30%
65c
65c
14%
29%
..
For
.—*
voting trust certificates—'*
Insurance
footnotes
ml.
34%
voting trust certificates
de LaSalle
Co—.
Inc..
see
i|34H
^./
.v
14%
■
Jan
Mar
11 y4 Mar
,4
54
•
Mar
100
3.90
3.80
4.30
4.550
71
70%
71%
402
265
Apr
Feb
26% Feb
1.41 Feb
1.05 Mar
28c
Feb
1.45
43c
Jan
Jan
1.65
Jan
3
Mar
7.50
Jan
69
970
;
2,235
50.
Jan
8
Apr
75 y4
Jan
12
Apr
17%
Feb
Mar.
2,365
/'••'/v* 16
26
33
—10
57
34%
57
20%
.
<&!?*':
25
2330.
•
7%
26
Feb
70% Apr
/
28
34%
•(
y
Jan
Apr
550
25% Mar
107
52% Mar
34% Apr
57
Apr
230
16% Jan
20% Jan
7
1
7
7%
6,060
5%
.
Ltd
—
1
32c
34c
8.800
31c
18c
18c
500
1
7.35
7.50
;
6.25
Apr
;
Feb
3.85 Jan
46c
Apr
24c
Feb
Apr
7.50 Apr
37o
Jan
Feb
23c
13,400.
240
Feb
42c
Apr
15c
1,000
14c
Mar
23c
Jan
29c
1.3C0
250
Mar
38c
Jatt
1.95
2.10
3.500
90c
95c
9,900
70c
1
19,500
41c
15c
25c
41c
35C
70C
1.000
22c
i
•
Mines
ISO
Mar
2.07
Mar
31c
:a,;
41c
Jan
2.65
3,700
28c
Mar
1.03
-v
1
Slscoe
Feb
7
Apr
6% Mar
8
Jan
Gold
Mines
Mines
Ltd
Ltd
Sladen-Malartic Mines Ltd
1.25 Jan
Mar
3.700
5.100
25c
4,000
1.02
1.10
12.368
25c 25V2C
5,500
,
3,200
;
25C
27c
Mar
Feb
32% Jan
27% 27%
34% .34%
30c
2.ICO
1.85
2.60
Yellowknife
Rochette Gold
33c
1.70
2.60
Red Crest Gold Mines Ltd—
59% Apr
30c
1.80
2.60
1
Mines
Quebec
27% Mar
55c
Apr
53
7
Corp
Cadallic Gold Mines Ltd
20% Apr
14% Feb
Jan
33c
*
1
Pato Cons Gold Dredging
Pitt Gold Mines
5%
5% Apr
70
66%'
20%
«*
—
page
Pandora
Sherritt-Gordon
common—.
Hydro-Electrio Securities
1.50
1
Mines
Mining Corp Ltd
17% Feb
Jan
.•
Godfrey
14,GOO
1.50
21
1.200
32c
•
Apr
Louvre
Normetal
O'Brien Gold Mines Lid
;-'^''•~■;
Ford Motor Co of Canada class A.-—*
Foreign Power Sec Corp Ltd com
•
8% cum red pfd———————106
Fraser
1.05
29c
9c
2.24. Feb
Apr
4
Ltd
Mclntyre-Porcupine Mines Ltd
Feb
Feb
23
25
Fleet
1.05
28c
Apr
1.00 Apr
Jan
Macdonald
21
1.05
5
Goldfields
21
1
1
1
1
90c
Feb
4% Mar
175
19%
13%
Paper Co Ltd
Farmer
Ltd
75
Mar
Paramaque
•
Eastern Steel Products Ltd new com—*
Fanny
Mines
Lingman Lake Gold Mines Ltd
Lingside Gold Mines
.
Square Corp
Donnacona
Shore
16% Jan
Jan
New
David & Frere,
Class B
Consolidated Gold Mines Ltd
'
Consolidated Paper Corp Ltd
;
I
1.45 Jan
Mar
.;
1.35
—
Canadian Western Lumber Co
■
;.
•a
Mines
Jack Lake Mines
'
5
1*35
36c
•
5.30 Mar
100
31c
1.27
——1,
Mines Ltd
Mines
5.35
33c
1.28
Feb
15
5.35
—1
1
(1945) Ltd
Apr
3%
Apr
3.60 Mar
Jan
98c
1
Gold Mines Ltd
3.75
•
4%
3%
.
55c
Apr
1
Mines
12 %
3%
Feb
1.47 Feb
Apr
'
Canadian Marconi Company
70c
32
1.24 Apr
500
41c
—1
Mines
Gold
Eldona
Apr
3,
27'% c
1
Malartic
Elder
Mar
Jan
150
13
~»r
100
43c
3,100
8,750
Feb
178
5
6%
13
•
Light & Power Co.
6,400
1,500
55c*:.
Goldvue
Canadian
35ch
31c;.
20c
Formaque Gold Mines Ltd
Canadian
30c
50c
East
Apr
163
17'
51,000
20c
Ltd
East
291/4 Jan
'
v
30c
32c
—1
Duvay Gold Mines
Jan**K'
19 %
15% Jan
46c
50c
Elderidge
Canadian
40c
Apr
13
Apr
Apr
42c
-
11,300
1
Duquesne
Canada
llO
Mining—5
Mines
:
Mines^«.....M«.l
.
10C
Apr
29%
8 % Mar
'•
Gold
10 %C
.
1
1
90c
1
Soma-Duvernay Gold —
Stadacona Mines 1944 Ltd—..—..*
1
Standard Gold Mines
Sullivan Cons Mines Ltd
WestviUe Mines
on
stock*
Oils
Co
1.10
25y2c
2.80
26c
Homestead Oil & Gas Ltd_
Pacalta
—.—1
Ltd
Royalite Oil Co Ltd-.—
2.65
25 %C
2.80
29 c
10.900
1.07
Jan
90c
Feb
65c
Jan
21c
L>
Mar
3.65
Jan
1.45
>
.
,
Jan
1.15
* 90c
1.00
Mar
1.49
20c
Mar
Jan
„
42c
2.65
25c
Apr
Apr
3.50
32c
Apr
Jan
Jan
Feb
Mar
f;
Monday, April 29, 1946 1
CHRONICLE
THE COMMERCIAL & FINANCIAL
OVER-THE-COUNTER MARKETS
Quotations for Friday, April 20
Quotations on Real Estate Bonds
For
Specialists
JSHASKAN IfilSta
-
^
Members New
^
Members Mew
:-■ ■
■
York Stock Exchange
York Curb Exchange
Exchangeflace, New York 5, N. Y.
?j:-"
Tel:. DIgby 4-4950 - -
Baltimore American
"
Bell Teletype JNTST 1-953
^c
„
Bankers & Shippers—
Boston
Camden Fire
City of New York
Connecticut General Life
Continental Casualty
Crum & Forster Inc—
Employees
Group
Employers Reinsurance
Federal
:i
—..
Fidelity & Deposit of Md_.
Fire Assn of Phiia
;
Fireman's Fd of San Fran-
Newark—.
of
Firemen's
Fire,-..
Franklin
General Reinsurance Corp_.
Fire &
Gibraitar
Marine
Glens Falls Fire
Globe & Republic
—
Globe & Rutgers Fire com.
2nd
preferred
Great
American
Hanover
Fire!
Hartford
...
■
Pow
Arkansas
&
SVaS—1974
Lt
.1974
Birmingham Electric 3s
California Water 3%s_
.1975
.
Cent
Erie
Pwr 3s ser
&
RR
1975
Serv 2%s
Pub
Vt
Conn Lt
K—1080
;
1975
Texas Power & Light 2%s_1975
Union Pacific 2% ser C
1991
Western Lt & Tel 3s_—-.1975
v^iC,
'
2010
92
Lt & Pow 2%s_„_1974
107
2%s series Q
,
104%
Lowenstein
106%
105%
107%
1975
1Q6%
1975
103%
104%
1975
103%
"104%
109%
; 110 %
Monongahela Power 3s
Montana
Power
2%s
Mountain States Power 3s
Narragansett
Elec 3s—
Elec 3Vijs
Serv
(Indiana)
Pow
3%8—1975
95%
96%
102%
105%
104%
100 V4
& Lt
4%—»
(M) & Sons—
107%
Monongahela Power 4.40%
$3.60
Potomac Edison
108
Ruppert "(Jacob) 4%%—,—
Sioux City G & E 3.90 %__
106%
1975
Pub
99%
104
4%s ser
Merck &Oo 43.50-w———*0
105
.1974
Portland Gen
Obligations Of Governmental Agbnoies
104%
Preferred StocksCentral
1965
Minnesota Pow & Lt S'/sS—1975
Page 2312
bw
104
99%
103
r 05%
®6
101%
104 %
103 %
99%
104
97%
108
103%
3%s_1980
Laclede Gas Lt 3%s—
BANKS & TRUST COS.—See
;
102'.
Kans Okla & Gulf Ry
FOB NEW YORK CITY
92%
.
97%:
.11961
.2%S 'series R———
Houston
99%
99 %
2%s series P————r—1982
I
2 V4S ser Ul---^^-^.--196l
Tenn Gas & Transm 2%s__1966
Texas Elec Service 2%s,
—1953
2s
Great Northern Ry—
'
"
2%s—1975
Shell Union Oil 2%s—1971
Sioux City Gas & El"2%s—1975
Southern Pacific 2%s ser F.1996
Public Serv (Okla)
Bonds-
107%
Union
CM1
<Cal> -$3.75-~—
Federal Home Loan Banks—
Federal Land Bank Bonds—
0.90%
100.13
100.11
l%s
f;
,100.1
100
May 1, 1956-1946
l%s Oct 1. 1950-1948
3s
V
;
100
99%
May 1, 1952-1950..—
IY28 Jan. 1, 1953-1951
100%
100%
US
2%s Feb
104%
105
Panama
1,
1955-1953
April 15, 1946——
United States Treasury
Vther Jfsvet
Rate*
Conversion '33^.—.
Canal 3s——
•
'
Treasury bills-
May
Maturity—
Int. Bate
Maturity—
Ml
Wit
1946-
1%%
100.11
100.8
100.9
15.
-
tSept.
15,
1947.
1%%
100.22
15.
15.
1947.
1948.
1%%
100.12
100.13
1%%
101.1
101.2
t%s June 1M946
t .09 % July 1, 1946
100.23,
tSept.
t8ept.
I
,
a
t%s Aug 1, 1948
t%S Sept. 1, 1946
■'
,
.
;;
'
t%s Nov. 1, 1948
1, 1946———.
.0080 ''
.0148
.0103 $ .0187
t%S Dec,
.0125
.0144
June
.0163
v
.0335
Feb.
1, 1947——
i.i—i.":
t%s March 1. 1947
f'/sS April 1, 194?
,0121
—
.0227
.0288
v
.0410
Formerly
*No par
JEx-50%
;
,
bO 375 ;0.33%
—
.bO.375 0.33%
• b0.375.0.33%
ib0.375 0.34%
*;b0.375 0.34%
—
—
—
—
Stock
to
;b0.3?5 0.28 %
—
Odd lot sales,
k Removed
.0297
.0179
a
6,
1946_
19461946
194619461946-
tEx-stock dividend,;
.0226
.0262
t%S Jan. 1, 1947—...—,
16,
May 23,
May 31,
Dollar Price 100 Plus
&'! Bid ,'.S Ask
: .0007! ''.0010
.0029
.0101
.0082
.0134
' ".0060
.0138
Oct. 1, 1946
,
.
•
9,
•May
'
32ds of a point
Certificates-pf Indebtedness—
t%s May l'j 1946^
100.12
iy4%
tDec
2,
% May
Quotations For 0. S. Treasnrptotes
Figures after decimal point represent one or more
tMar 15 1947__.
Bills
"discount at purchase
quoted are lt/t
June 13, 1946——
June 20,1946—
June 27, 1946—
'"July
July
* "July
* July
5, 1946—
—
11, 1946—
18, 1946———
25,1946
—.
b Yield price*" c Cash sale, d Deferred delivery,
e Ex-interest.; f Flat price,
Exchange.'
r'Canadian market, s Cash 'sale—not included in range for year,
(Un) Unlisted issue., - x Ex-dividend, y Ex-rights.
.
r< •
the Chicago
value,
H
.Flexible'
tin default.
stock dividend.
{Stock distribution
Auto Co. for each two
of "one
Shaft ;>Corp.
vThese'bonds are subject to all
Federal taxes.
■
additional:, share of $10
par
shares held issued "March 29, 1946.
xapital stock of Four
Wh6el Drive
Volume '163
% r,>
,1
"i1"
2331
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4485
i
*
Week Ended April 20
THE COURSE OF BANK CLEARINGS
;Hi'
'1 •!"'■
Bank
week^will Show all increase compared with a year ago.
clearings this
Bethlehem
& Iain for: the week fended
for the week follows:
summary
Chester
1940
Cfilcagcr.
$4,481,051,404
+
+
677,000,000
320,633,762
one
7.4
$8,574,884,301
1,559,112,405
-
i
+
Francisco
District of 9.0%.
Reserve
;
J
■
■»
following
furnish
we
Week Ended
;
:U
is
3d
York
New
PHilad^iphld
ith Cilv^iBifc^sssS^
64
1
7
.
^662,146,521
7.5
Oth Mirinelpo71$
idth KAnsas city.
.
445,287,6i2
p y< 5,347,420
3,937,297
222,240,049
273,832,519
—18.8
272,353,962
228,408,018
662,146,521
—
2.3
651,938,939
598,049,460
229,173,493
ti
1
•II
-
588;730,426
'•
145,048,463
\
+
.2,028,547
id,313,000
+ 27.8
+ 27.3
2,406,869
156,928,670
+ 10.3
44,539,214
2,045,102
153,195,672
38,057,807
2,026,044
137,041,204 •
+ 41.1
350,901,800
300,168,909
+16.9
278.449,224
259,461,744;
14,168,863
—11.5
11.570,491
110,424,456
2,654,728
Carolina—Charleston.—
Maryland—Baltimore
of
162,651,385
62,829,684
„
Colurhbia—Washington.
+19.9
(8 cities)
——•
Nashvflle^tv^
yw
;7r.r„
4,9d4,636;268
Augusta——,
2,557,684
l,725,5i9
+
61,728,517
+
w:
mm;
670,568
+25.9
+40.3
3,396,691
+17.1
____________
.
Terre Haute
Wisconsin—Milwaukee.^..
Iowa—Cedar Rapids—...
'ppa Mninftia
,
^
,
"
■•/
-
Lowell-—.
.
Bedford
New
1,042,673 '
1,387,213
529,456
484,457 "
Illinois^-Bloomington^ii-^.——
-
■„
,
,
622,674'
511,197,150
1,802,371
+15.6
+11.9
476,821,598
5.6
t +
;
l,66i,084
• '
•
Rhode
;
259,461,744
Illinois—Qiiincy
278,449,224
420,911,341
'
j
347,501,037
1
277,066,311
607,124,075
315,177,995
Ththl (4
cities)
138/127,844
,
:
i.w
St.
9,760-469,339
»■'9,051,182,804
iitiesl
4,673(978,958
-•
■
1
949,657
756,512
+ 33.0
967,994
9.3
388,616
"490,343
+
16,527,637-
12,349,484
5,428,421
1 otal
(15
cities).
9,233,066
.
■■...,
:
:i9,43i;6oo)
1
67,232,575
38,967,796
•
i 766,000
7,7
li205;000
+
9.3
315,177,995
+ 16.2
4,085,242
1.4,287,797
+
+
"
277,066,311
■1
-
*V
4,210,361
151,015,318
49,120,152
2,812,869
Mi'
2.5
145,798,522
130,958,682
51,967,213
3,049,059
43,281,620
1,848,004
+ 14.3
1,554,114
1,640,603
+44.1
1,246,435
1,326,510
1,050,463
5,239,490
+
37.7
""4,880,736
215,886,797
+
6.2
212,581,821
2,576,837
4,544,713
-
i8$,D26,622
!
183,449
1,169,370.
352,819
3,713,170
72,311,594
2,904,582
7,069,671
207,519,864
5,788,658
1,187,879
1,367,590
905,718
347,308,080
301,937,404
+15.0
2,137,856
119,408,000
13,679,454
2,639,000
1,339,676
5,844,477
+ 177,9-
2,727,999
42.8.;
114,830,000
84,907,810
;
5,292,513
-
6,999,039
235,622,690
6,643,791
—
Clt^
Joseph—
,'i.
-
..iriiiBn
-
+32.4.
...
9.5
+
•
.152,626
+ 17.4
57,408,171
+82.2
1r379,179
>
i
2,836,475
3,598,925
1.0
-+
66,886,213
•
4,295,177
S
9,060,737 '
194,671,127
+ 13.5
245,765
i
;
234,332"
3,401,585
+ 25.9
5,512,071
193,720,342
'•
14.8
6,411,756
1.6
1,141,709
+ 51.0
804,879
+
—
5,349,428
•
1
-
851,797
—
819,440
276,885,8471# 281,895,997
974,292
Eleventh Federal Reserve District—Dallas—
Texas—Austin—
5,941,303
170,326,000
Dallas
6,347,480
it,828,200;
9.7
+
+
Fort Worth
.410
7,344,478
-1,482,624
1,340,775
.
Total
(6 cities)
Tfrelfth Federal
1,601,900
>
+43:81
.
,
,i
.70,220,000;
—
r63,308,000
6.9
■
57,400,000
.
;H 1265,052^
987,005
1,018,107
>12,182,588
4,798,794,647
10,701,657
10,983,885
8,253,440
5;277,38f
10,867,015
7,978,77^
468,859
'25,427,076
287,217
+15.7
^ ' 8,(j37,4li * +29.3
•
;
•
-
Ai,l4i,572 }
8,725,656 :
,600,653'
+
5.8
"
+22.0
26,995,786
+ 15.0
39,922,738
+
•
;
•1
22,058,247
4.6
37,992,135
•31,522,478
15.3
5,271,355,387
4,945,548,395
I Sdn J6se
+
.
-13,041,828
^336,076,000
-1,
(Grand
Tbtdi fiii citiesLi+i.-,
York
•Estimated.'
+ 66.0
> 2,646,000
1,817,417
>1,327,978
.
8.5 *
+
1."' 4,285,323
5,313,273
42.3 rl: 138.127,844
+
3,542,582
!—il!9
2,427,000
+
+
s
126,357,700
93,522,859
•
18.9
3,609,991
80,388,998
'30,141,025 ;?+ 22.9
1.16,335,953 —20.2
: 6,655,287
,+ 9.7
298,110,000
+' 12.7
.7,052,532 1+19.4
2,162,604
+
6,457,043
5,690,720
•
540,348,733
"
+13.5
588,730,426
11,99i,910,193
5,402,485,848
Not included in totals.
v.
10,414,268,192
4,904,836,288
63.8
+
9.0
+15. V
+
10.1
89,477,460
129,287.5261.
;30,548,764
8,916,052 71
8,995,517
5,159,376
3,340,155
283,456,000 - •
;252,782,000
1; 5.345,915
4,294,775'
2,315,783 ,
,1,656,513
~
1
88,515,3871,494,982 '
"
47.0
71,463,946
?1
>
(10 cj'Jss)
Outside New
-
118,418,635
Santa. Barbara.—.—
•1; Stdfckton4i^^_7y^-,^;:;-,M-,, ;n;
Total
100,309,666
3,568,816 f
84,947,869
37,047,296
7,303,735
fean FrahcisCd————».u-—
11,430,662
2,718,500
+ 60.9
145,048,463
3,400,065
103,267,672
ll,350,655
+ 26.6
£r4ritiisC(>—
i; Pasadend-^-*——
.
'
.186,326,622
—_
iil".
5,687,50*7,244
208,400,745
-
Reserve District—San
Washington—Seattle-1.——,
Yakima_1*a-^—i-ii...
Ore gon—Por.fclana—^
Like Clty.
Callfornia—Lon$ Beacti—.
1,539,348
5,086,420,381"
6,509,431,904; +19.6*
6,341,743
■
Utah—Salt
l,021vl63
870,062
0.4(
+25.9"
—
i
+
'
L<misiana+--Shrevepbril-&i-u.
456.726.886
24,536,037
+
4,245,000
2,224,280
1; WiQhitd Falls—.;——1
593,8IS
680,276
416,848,851
7,536,551 ,+ 143.9
..;
.
732,996
6,785,147,451
.
17,322,419
Galvestonu-,--—
16,638,100
7.6
426,843,god '
31,037,645
j".„
1
'.11
43,489,197
—
346,695,087
•
io',391,919.
-
u
.
1,252,660
176,100,000
73,683,798
-
'
'
'
,
196,800,600
+25,1
242,922
TotaK 10 cities)
+ 17.8
14,091,008
■
.
_f :
882,886
+ 12.9
1,159,174-
j.—,
Newark
tiortUrti New.
+10.8
-2- 2.5
386,327
4,676,028
Colorado—Colorado Springs
P'lietilo-—I.'
407,710,332
357,073,273 "
'
'
304,300,066
I''
515,507,848
r
8.1
;
Wichita-^-—
St.
3,217,792
2,986,508
6.4"
"
5,967,897
-
'
1,24^,481
•;
\
j"
7,214,647
:
—
Missouri—Kansas
-
a
jersey—Montclair
1,410,703,
■'' -1-
229,173,493
—a
(7 cities)
Omaha__.
2,325,352
"
New
^
+ 31.5
Hastings—
2,299,066
2,768,42^6
.
0,589,424,345
ddnnecticui-^StErhford—
' "'■
'
90,678,825
\'50,463,596
,
3,698,800
;.2,111.702
2,364,203
Lincoln
1943
1944
'
^
:
■
.
Tahiti Federal fee&irvi District—Kansas City-
+ 33.3
18,384,484
--
Byraeu£tel;__.w.^+__.——
1,956,348
1,855,532.
607,424,075 ;
53,095,784
Dakota—Aberdeen——
:'4,'247,i|f..
.
,-vP:;
Rochester..ii
."..1
4,486,711
<
2,370,780,
1.3
+12.7
5,894,206
154,794,-151
Paul^-_^x_—
Helena
1,188,923
65,400,000;
:
j.
1,314,470
fleSciyi Dlstrict-+^UiinCsipblis—
Dakota—Fargo_—-—^.L
4,252,388,157
4,625,423
2,304,347
-''New.'Ydrfc.—
402,425,619
.
+27.2
+
644,041,761
379,031.152
Montana—Billings
■
Bimlra—
"rTi-rrf--
5,715,332
8.8
+
2,485,280
1,156,776* /
w
North
485,170,458
9.3
458,518,995
Y:6rk=^Albanv—p-p
*^^,i--
6,475,283
63,124,395
Minneapolis
126,357,700
.
515,984,535
+ 26.8
7,030,380'
21,325,669
; 523,792:
;;
'
Bingfifenitoh-'
■
+
3,130,922
;
88,449,981
iMifihfeibi
281,895,997
f
+
Sec6nd f'edera!. hesierve Disirlci-—ji^ew
fi^w
414,075
.
'
.23fe,300,6p6
.u,,..?.,,
TWfiiS F&3£ir£i
188,026,622
212,581,621
276,665,847
i,245,458
i7,666,033*.
'
HampsMire^Manchester^—i«I
(12
521,321
515,507,848
4,222,193
3,651-448.
islftHd-—FrovidehCe—^z?
Total
16,374,787
•
7,699,823•; 5,950,090
*
CChnectfctit—Hartfof
Nfeit
,.| k
~
+26,8
"
Louis—
''
fta7eri—^
.
I
725,805,618
Tennessee—Memphis-
'
^Jew
3,404,350
8,381,815
32,450,741
2,059,882
:
f
!,;i v2,057,159
,.
19,062,075.
571,851,796
1,902,567
7,045,437
3,161,150
2,158,022
Eighth Federal Reservd District—St.
1,579,522
p Spjridlfefi^ld.^
vYWorcfestfeL.i.^^^^i«.ip..i4'
8.8
+
"719,630
i.
Total (17 cities)^:
4,612,787
,-w
2,372,473
35,672,797:
-
1+30.3
"
Fall
8,666,595
;
.
15,572,735
7,534,801
20,297,515
9,553,493
;
598,049,460
.
9.6
+
24,195,000:
3,936,095
+14.0
+15.4
+
36,169,712
2,581,091
-.—
;■
.
Sioux City
Mlssoufi—St. louis
Kentucky—Louisville—.;
+ 24.4
2,564,866
27,893,000
+34.4
4,702,535
9,284,090
10,583,745
41;724,369
—
569,870,352
+ 41.2
372,507,034
3,335,506
7.2
—14.L
30,355,000
'
4,037+03
"
Dec; %
3,169,501
.
Mrs sachu setts—Boston
.
4,424,822
2,683,970:
.2,962,590:
3,133,608
32,549,000
..,
l-i—
660,923,480
.
,Inc; 5*
.396,399,570
p: Portland
611,869^
5,655,299
3,737,474
-*
South Bend
1943
347,501,037'
;
762,605
8,135,868
4.210.629
IndlgrtaoOliS—•
.
.1
844,121
Indiana—Fbrt-
-
Rockford
+10:1
815,178*
11 :171,645 ' " "1 'I 200,502f
5 - $4,528,827
K0,705,484;
-
8.608.628
3,976,522
■
Rapids
''Lansing^-i.^^.-^+^i^>~-;
Kansas—Topeka
.1,151,013
263,81$ 1 + i9.8
i
'44,817,377
5,136,408 r'
60,432,637'
4,376,811 >
^■vi-'i;-
^
Be§erf$ i>ilfrle$-+Oh|ei'fO^.
Grand
.t
——
2,222,888
*1,900,000
43,294,921
Seventh Pederai
Foetal Resets Dlsttlct—Boston—
Mai ne-fBangor__
5,134,550
>
2,126,577-
3.4
+20.3
+ 8.0
68,544,461
•
121,200,000:
57,056,892 1
56.9
420,911,341
Ppnrift
+15.1
$
..
+17:2
Mlbhigan^-Ann Arh6fa^^»L-.
■■
39,773,923
147,900,000-
+43.0
445,287,612
Week Ended April 20
First
;
11 .P'.P.:*+: ■p
- '8,249,334!
40,189,777
+15.5
+ 26.4
2,716,869
Total (10 etttoir^a,? I521,755,982
..
-
41,491,454
Nebraska—Fremont
Cleaittigs fit—
38,780,441
"165,400,000
+11.1
South
1945
•
3,870,472
84,113,561
Week
1946
3.7
+
Ii''111';,;
fMiSSisSlppi-^fckSl^ri^^i^iii^^iS^c ■++'+^+815,959
Louisiana—New Orleans—•" 93,484,373
We now add Out detailed statement showing the figures for each city for the
ended April 20 for four years:
||
•
73,994,149
47,929,371
'
—
Macon—i..—
2,707,421
Florida—Jacksonville—- 63,812,119
Alabama—Birmingham
82,456,492
:• r
...
1: ' 5,544,336
Total
f
6,615,000 !
;
6,775,000
77,078,939
''
$
*
-
•<
209,100,000
fn,r,
Georgia—Atlanta
456,726,880
"
6.2
+
i,004,9081
1,296,704
+ 38.9
'■'*'
651,938,939
+15.0
+413;
;
.
'
1,460,743
.
10,414,268,192
5,462,466,848
9.3
+
^646|34M33
11,95)1^910,193
'
Tl(|r-
206,400,745
s
~
•
•
Cities
m-nrnm,mm
313,668,797
361,937,464
347,306,680
II
6
10
644,041,761
346,693,0$7
3,439,944
8,067,000
^
4,945,548,395
1
+12.7
723,805,618
379,031,152
'
+
-
„
1+17.2
44
7
.111
521,755,982
II
10
1
366f,i6$,§p9
23,226,000
2,150,310
17,112,100
2.33R,650
Federal Reserve District—Richmond-
410,648,851
idi.
350,901,800
44
4
;
■
+ 26.4
.
647.219,453
.5,271^355,387
.
2.3
—
17,016,100
+ 30.3
Virginia—Suntingtori.
South
$
7.6*
44
17
;
Outelde New York City.
647,2i9;453
•
219,640,703
Sixtli ^edetal
Reserve btsirie^—Atlanta^' '.
Tehnessee--knpxvme...^^w^«;
12,535,439
+22.9
1944
+19.3
+
117,842,061
226,322,420
+ 15.2
m
+
?
4,757,606
125,124,904
5.8
86,766,413
'
10
11th Dallas
698,355,653
u
$
>
751,517,698
*
426,843,66$
5,667,507,244
/:
u
id
iicr+i:
458,918,295
44
12
.
6,785,147,451
citiel
12
.
2d
3,342,424
+ 13.0
+
2,979,257
Richmond
,
m.uch as the week
Dec. %
$
569,870,352.;
foregoing will appear
Inc. at
1945
660,923,480
"C, 4,102,735
3,432,100
;
Of BANK CLEARINGS
.
2,^70,300 ?
7.6
+ 18.3
4,423,451
21,511,000
:
Chicago
$
'
5,990,900
+
122,473,044
Fifth
West
.
iS46
Aprli 26-
f
+ 50.1
237,319,415
Springfield
41'M.UtKT
1,671,519
1,476,097
.
'
+ 251,076,643
(7 cities)-.
summafy by Federal RfeSetVe Districts:
a
3,132,116
0.9
+
+ 10.6
698,355,853
5,233,149
Decatur
Iri the
1,546,394
—10.5 1;:;
1,870,053
1,780,339
^138,379,092
Virginifl.—Nnririllc
not available at time of going
are
-
Youngstown-
23 2
+ 21.-2
.
to press.
Aecordihily; in
ubbve the ldst day of tlife wfefek iirall M&f has to be estimated;
Ih thfe eiahbtatddetailed statfemfent/^licrw^eri wMch we present further below,
\9e are ahie to give the final and" complete fesilits 6f the week pervious—the week
#hded Afctfil20;;iFor; that
"tbfeffe
Ah ihcrfease of 15.1 %,-the aggregate: o£
tfiearihgS for th#wbolecountryhaving ani^nted to |ll,991,910,i93 against $10,414,-*
26$,in tKe*sameWee& in 104&; dvitsMl of this city there WMa gain of 16/l%, thfe
bank hlbAirings at this centlh having rfefebfded an increase. of 19.6%.
We group the
cities according to the Federal Reserve Districts in which they are located and froih
this it appears that in theNeW fi'dfk llistfitt (IhtlUding this city) the totals are
largel ty 19;3%r In the Bbstoil Reserve D-iStrict by 7.5% {ahd ih tHe Philadelphia
|Rtese*ye-^District Jby L6%r; ^Ihe
the JEfichhiOhd KeSeiVh iJiStricf fepoBiS a iaih 6f ,|ftS%.' and' the Atlahta: RfeAetvd
iistrffet df 17.2%. Ih the Chicago Reserve iftstrict the totals record aii improve- •
|rnent+6i
in thfe ^t. fcdiiis Jtesferv^
Reserve districtDistrict the totals register
Ah ejfpahsioh 6f:|45.0%i in thfe Dallas Iteserve District of 42.3% ahd in the San
the Saturday figures
643,000,000
m
+
i
ti.i
$12,558,104,875 $10,478,953,119
We cannot furnish them today, in las
issue of next week.
our
J
Total
+
1,960.969^088 1+ 6 7
Cbmplete ahd fexact details fOEthfeWfeek coveredby the
ends Saturday and
751,517,698
histrlct—Cleveland—
Reserve
.'
Mansfield--^..
Total
in
-
,7.5
+ 30.2 1, ,:V
3,777,500
—
jfedCral
Columbus
.
5.9
—
$8,517,984,031
2,O8|,01;7,470'
rk rtfo**
'1
1,887,215
Pennsylvania—Pittsburgh.—
$8,958,871,626
$10,465,687,396
409,767
1,311,081;:
449,732'.;.
1,336,386
557,000.000
1,274,660
>
2,358,692
1,282,233
1,677,501:
1,082,983 '
—11.9
1$6',620,531
1^90,228,095 i
Total all cities foHN^i«p».oT•sr.t'r'rft
ii, 586,236
.
111 884,200-:
1,553,035 •
+ 29.9
+
1,753,238
2,075,102
(16 cities)
District
:
•'<■±4^;
Cleveland——.
7.6
130,258,002
day
'
i
Fourth
v
+
232,383,959
144,723,188
V Total all:cities, five
1,608,632
681,000,000
732,000,000
2,282,803 '
...
Cincinnati— it
'
175,268,553
All cities,
'
281,766,000
£77,828,000
254,760,363:
fed cities? five dayi——i---—.
969,647
1
—41.2
,—34.3
'
"
bt&if eitieS, f|Vfe
1,343,571
NewJerseJr—Trenton—
-.
-
$
+ 40.8
540,609
•/'
: •
790,270
m£
6hlo—Cflitittrti
+
157,200,000,
v
1943
•
•5,044,523- '1+ 13.1.1
'4-'11*
i73,032,758
1C9,200,COQ
'
—i-
11944
1
Inc. or
Dec. %
3,712,264
96.fc
1 185,848,251'
St. LoulS———-
760,931-;
•
2,089,193
York.
20.8
+
728;66&,00Q>
378,218,739 "
•>
-■
■•*
.
Wilkes-Barre
29.8.
448,874,210
542,317,931
————
"
$
1645
:
;
:.:*mTm±mrr'■
Reading_iJ
.
Total
$5,704,8^,256
.li>1
—:i—
Philadelphia--.;-^.-..-^..:
t'ridaj of 28.6%. Our comparative
•
• "l."X:'
Afcrfl 27—
Week Ended
;'l:i;illi1 9 iii#'
&
Lancaster
,
$elegr»pj|
t>/
Clearings—Returns
;
-
1945
-
..
ivtojl be 19.9% above those for the cotrespbrtding week? last year. Oufpfefirriiriaf?
total stands at. 11^,558,104,875 against $i0,47^,95^,llt for the same week it* 1945.
[At this center thfeffeis
■
Pennsylvania—^Altoond—
•
fcieariiigs :
clearings
1 \.
"
11.
Third Federal Reserve District--Philadelphia—
r
thfe ehief
Preliminary figtiffeS 'fcbmfclled f>y
tefed upori telegraphic adVicfes from
lilies off thb cburitryf indicate ttiat idf the Week ended kattfMafti Aftfit %%
lor all Cite of the United States froih WMfeli it i9 p^gible to obtain weekly
-vy
1®:^'■*«.•••«• -v;-x- •
<$•(''
";+•;*• '• •;
■•••'* V* ■'■>$
j'!
.
4,982,037
.
4,064,910
515,984,535
485,170,458
9,760,409,339
9,051,182,804
4,673,978,958
4,252,388,157
Monday, April 29, 194$
COMMERCIAL & FINANCIAL CHRONICLE
THE
2332
r'v Company and Issue—
Alreon
Foreign Exchange Rates
'
ithe lateral Reserve v^
certransfers m the different countries of the
to th6
UNDER TARIFF ACT OF 1930
rPr?',
V
.•
1
.
'
•
j
itl
Monetary Unit
Country and
April 22
April 20
■vvv-avvv
April 19
$
.297733*
.251247*
.251247*
.251247*
.251247*
3.213890
3.213946
3.213946
.022845
,023845
.022845
.022845
.051902*
.060602*
.060602*
.060602*
.060602*
.051902*
.051902*
.051902*
£{.051902*
,051902*
peso.—.—r?—•.
r-^r—■—
,Colombia,
Franco
India
.908125
.570600*
,570600*
.020060
.020060
.020060
.020060
.020060
.208766
.208766
.208766
.208766
.208766
4.033281
4.033515
.008408
-
4.033515
.008408
.008408
.008408
.008408
.008408
.301215
.301576
.301824
.301824
.004434
.004434
.004434
,004434
.004434
.004434
.205800
V
.205800
.205800
.377892 v
.377892
,,.205800
.377892
.205800
.205800
1
♦377892
.377892
*£37,7892
4.033281
Newfoundland, dollar-
.909090
.909090
.909090
.909090
.909090
.909090
<>
.905625
.905000
New
Zealand,
.905000
.905000
.905625
.905625
3.226833
3.226833
3.226833
3.226833
3.226833
3.226833
.202020
.202020
.202020
.202020
.040501
.040501
.040501
.040501
.040501
.091323
.091323
.091323
.091323
.238520
.238520
.238520
.238520
.233626
.233626
4.005000
4.005000
4.005000
4.005000
.238520
|,,
Uruguay,^peso— ►
V
:
pound
South Africa,
-
,
|
.658300*
Acme
.562900*
.562900*
.658300*
.562900*
.562900*
.562900*
Aero
Statement of Condition of the
Reserve Banks
12 Federal
Government bonds in¬
creased $142,000,000 in New York City, $20,000,000 in the
Chicago District, and $150,000,000 at all reporting mem¬
Increase ( + ) or Decrease
,
Apr. 25,
'
1946-
1946
5
—
17,346,055
752,146
1945
199,305
—
88,348
+
1,830
—
v
Industrial
loans
Acceptances
u. 8. Govt,
Notes
323,546
1,443
—
82,700
+
184,715
2,471
—
—
-V
—
+
8,729
purchased—
82
—
1,766
-
Total loans and securitiesfrom foreign banks
Bank
63,500
—
———————
.
lnvestmentg—total
Loans—total
+
—
43,371,753
to
Loans
37 V
214,601
U. S. Government
1,142
1,593
—
3,343
for
■■f
+ 3,969
1,551
+
496
—
425
+
.1
56
—
21
+
+
,72
129
+
7
+
Loans to banks
67,171
+
1,422,585
+
749,006
+
61,858
50,913
+
21,482
23,927,959
—
acct.
15,456,965
+
U. S. Treasurer—gen. acct.„
Foreign
—————
384,630
Deposits:
'
•? \
:
-v
Member bank—reserve
; vV
V: Other.
729,909
429,102
———————
Total
deposits
1,810,040
12,971
items
Other Iiabs., inel. accrd. divs...
42,751,576
liabilities-
Total
437,987
—
922
34,295
+
133,331
—124,661
+
78,664
+
304,301
849
+
1,758
+
17,000,606
Deferred availability
—
266,650
—
+
—
+
57,652
L.
^ 81
+
21
+
JL
1,852
1,376
11,346
+
13
+
U. S. hnntlK
Obligations guaranteed by U. s.
Reserve with Federal Reserve
+
14,028
358,355
+
27,428
+
130,202
263
181,650
Surplus (Section 7)
(Section
Other
13b)_.
+
+
52,744
capital accounts..
43
Total liabilities & cap. accts._
Ratio
of
serves
note
43,371,753
—
~i~753
gold certificate re¬
deposit and F. R.
+
Commitments
to
combined
+
15
+
348
52
+
11
—
17
+
76
make
—
£%vu
—
adjusted
+
1,550
70
Debits
1,259
261
to
demand
—
8
7
-
74
*April 10 figures revised
16,143
■
(New York District)
condition statement of weekly
of the
ended April 17: An increase
of United States Government
.
of $361,000,000 in holdings
obligations; a decrease of
$199,000,000 in loans of which $189,000,000 were loans for
purchasing or carrying securities; a decrease of $286,000,000 in United States Government deposits; and in¬
creases of $489,000,000 in demand deposits adjusted and
$103,000,000 in deposits credited to domestic banks.
; Commercial, industrial,
clined $31,000,000 in New
and
agricultural
loans
de¬
York City and $51,000,000 at
all reporting member banks.
Loans to brokers and
dealers for purchasing or carrying United States Gov¬
ernment obligations declined
$172,000,000 and other
loans for the same purpose declined $21,000,000, both
largely in New York City.
\
>7
Holdings of Treasury bills increased in most
districts and the total increase was $133,000,000.
of the
Hold¬
ings of Treasury certificates of indebtedness increased
$41,000,000 in New York City, $28,000,000 in the San
Francisco District, and $94,000,000 at all reporting mem¬
ber banks, and
declined $26,000,000 in the Chicago Dis-
Below will be found a list
of corporate bonds, notes,
TENDER
OF
Date
Company and Issue—
Asuncion Port Concession
Bush Terminal
Bush
Terminal
Corp., 8%
gold debentures—May 22
bonds due 1960_May 30
Buildings Co., -1st mtge.
Co.,
Aug I
May 6
Jun 1
bonds
—
due 1950—.—
bonds
mtge.
1st
Conestoga Traction Co., 47o bonds
Kanawha Bridge & Terminal .Co.,
Oregon RR.
8c Navigation Co
1st
mortgage 4%
bonds due
1947
Page
•
2152
2003
82822
Anytime
82822
—Any time
82824
PARTIAL
Aetna Ball
gv,
5%
&
Roller Bearing
convertible
REDEMPTION
J
preferred
/
.
i
:
<
}
Date
Page
Co.—
stock
iJMay 15
:
1285
.
—_May27
1
J
*
1288
2158
6
1
1280
1861
1966^.—}
8
2009
1570
17
1
1431
'
v-
Corp.,
7% and 6# preferred
A
due
1732
2011
2163
May 15
945
July 1
stocks—JMay 1
819
1770
216|
Kv
1872;
*5Vk% bonds due 1975——.—•May Z
Saguenajr Power Co£ Ltd—
:
'
1st mortgage 4V4 % bonds, series A & B, due 1966—May
Scott Paper Co., $4 and $4.50 preferred stocks
May
Shell Union Oil Corp—
,
•>.
23A%
debentures due 1961——
May
notes
82822
§2822
4% bonds, ser. C, due 1962_Apr 29
pfd. stock, series A-—May 6
1907
6
6
2014
24
_i—May 24
1947-1953—
«
debentures due 1954—'—.—i—-2——.———July 2
(Howard) Paper Mills Ltd., 6% pref. stock
May 8
Southwestern Public Service Co., 4%% preferred stock May 23
Southern Pacific RR., 1st mtge. 3%s, ser. B, due 1986-May 1
1st mortgage 3%s, series C, due 1996
May 15
1st mtge. bonds, series A, due 1961
——
Jun 13
Southwestern, Bell Telephone Co—
1st & ref. mtge. 3V6#> bonds, series B, due 1964——Jun ■ 1;
Standard Gas & Electric Co.—•
6% convertible gold notes due 1948————.May 10
6% gold debentures,. series A, due 1951———;
Jun 10,:
6% gold debentures, series B, due 1966
Jun 10
6% debentures due 1957**———.2—Jun 10
20-ycar 6% gold notes duo 1948
Li
J
Oct I
Standard Power & Light Corp., 6% gold debs, due 1957_Jun 10
Stanley Works,. 5%
1481
1202
1614
/
1909
2015,'
2015
2015 V
2015
2015
2015
1615
preferred stock——————May 15
May 1
2201
preferred stock_^__«2——May 13
First mtge. pipe line bonds, 3% series, due 1965
May 13
Texas Power & Light Co.—
S% gold debentures bonds, series A, due 2022
July 1, '47
Thrift Stores Ltd., 1st cumul. red. conv. pref. stock—July
1
2201
(G,), Ltd., 5%
preferred stock
Tennessee Gas & Transmission
5%
Co—
.,
—
•:?
2201
*
income bonds due 1953—May 15
Union Pacific RR—
35-year 3!/a%
debenture bonds due
3% refunding mortgage bonds, series
May 1, 1971—May
B, due 1990
May
3!/a°/o debs., due 1955—May
5^ 'cumulative preferred stock———
May
"United States Hoffman Machinery "Corp—
.
5 Vz %
preferred
stock
—
—Jun
Utah Power & Light Co., 1st mtge. 33As, cue 1968—May
£;
'-ZKji i'
"v"2:n 2
"r ■; ft-V
.
cumulative
United Biscuit Co. of America,
'
Company and Issue—
1860
1870
Hundred
Tyler Building Co., gen. mtge,
-
>
1868
2001
1
Tamblyn
Any time
4% con sol. mortgage oonds due 1946
Oregon Short Line RR.—
>
Consol. 1st mtge. 5% bonds due 1946
Bt. Joseph &c Grand Island Ry.—
1869
2V2%
preferred and common stocks called for redemption,
Including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
NOTICES
2157
Smith
Notices
reporting member
Federal Reserve System in 101 leading
cities shows the following principal changes for the week
The
banks
2009
%
Serial
Redemption Calls and Sinking Fund
Condition Statement of Member Banks
2157
'200$
1868
General mortgage 4.7%
accounts,
Gov't
81513
May 1
Railway & Light Securities Co.,
Rensselaer & Saratoga RR.—
deposit accounts except
s.
*
1865
5
Quebec Power Co.—
1st mtge. & collat. trust
302
+
—
172S
3
Co—
Co., $1.40 pfd. stock, class
Pennsylvania Sugar Co., 4% debentures due 1952
514
+
*
1863
May 1
due 1946-50—May 1
Jun 1
Gas
Potomac Edison Co.,
103
1861
1
1
Jun
Peninsular Telephone
+ 6,335
+
1967^-i^t.j^.—Jun
1861
1861
North American Rayon Corp.,
+1,528
—
1
1
July
1562
1
Nineteen
855
—
—286
13,684
9,664
Interbank and U.
during', y
2,031
—
69
18
+
9,768
Foreign banks
indus¬
trial loans
16
+ 489
37,748
Domestic banks
2.0%-
•.
+
2,226
----
-
,
—
Interbank deposits:
:
44.2%
315
—
564
deposits
U. S. Government deposits.
to
liabilities
4,675
+
1859
2002
class A stock
May 15
6% prior preferred stock-July 1
Northern New York Utilities, Inc¬
ut lien & ref. 7% bonds, series A, due 1946
Any time
1st lien & ref. 6% bonds, series B, due 1947
Any time
Northern Utilities Co., 1st mtge. conv. bonds due 1968—May
l
Ohio Leather Co., 7% preferred stock
————July I
368
Liabilities-
39,279
1,912,522
+ 150
248
+
—
May
McLellan Stores Co., B% convertible preferred stock;*—July
Merck A Co., Inc..
and 4'/a% preferred stock
Jun
Miller-Wohl Co., Inc., 5% convertible preferred stock—May
Monsanto Chemical Co., preferred stock, ser A, B & C_Jun
Mountain States Telephone & Telegraph Co.—
3*A% debentures due 1968
Jun
333
—
+
Cash in vault
,
—
55,856
16*
9,868
Borrowings
;
94*
3,440
Banks
Balances with domestic
133
7
Government
Other securities
1,807,308
Capital Accounts-
+
—
27,292
.
Time
Capital paid in
+
7,029
Treasury notes
Demand deposits
8urplus
of indebtedness————
1954
prior preferred stock
mortgage 4Vis, series A, due
1st
554
Treasury bills.
Shore
Lowell Gas Light
9
Other loans
Treasury certificates
income bonds, series B, due
convertible preferred stock....—Jun
6%
1857
6
4
1
Co., 1st mtge. 5l/as due 1S50
May
LeTourneau (R. G.), Inc., $4.50 conv. preferred stock—May
Litchfield & Madison Ry., 1st mtge. 5s duo 1959
May
1,214
3
1,170
Real estate loans
stock
preferred
Hydro-Electric Bond & Share Corp.—
30-year 5% 1st collat. trust bonds, series A
Jones & Laughlin Stcsl Corp.—
5% convertible preferred slock, scries B—
Lake
1,854
Other securities
May
—May
July
due 1948—
5% preferred stock
Corp., $1.75
Service Co.—
Vis, series A, due 1968—.
Hartford Times, Inc.—
5Vst% cumulative preferred stock
10-year serial 2.15%-3V2c/o debentures
Hunt Foods, Inc.. 6% preferred stock
+ 8,224
,+
+
720
1723
Hackensack Water Co—
—172
1,414
obligations
Other loans for purchasing or carrying:
U. S. Government obligations
1,912,522
+
Apr. 18
'1945
pur¬
Other securities—
—
55,856
dealers
and
brokers
preferred stock..—.—..Apr 30
6%
Fair, 6 % preferred .stock—...:
.i—
May 15
Gardner-Denver Co., $3 cumul. conv. preferred stock—May I
General Telephone Corp., $2.50 preferred stock
May 25
Gorham, Inc., $3 preferred stock
——
May 15
Great Northern Ry.—
y
4V4% gen. mtge. gold bonds, series E. due 1977
July 1, *47
Gen. mtge. 3Va% gold bonds, series K, due 1960
July 1
Gen. mtge. 3%% gold bonds, series L, due 1970
July 1
Gen. mtge. 3Va% gold bonds, scries M, due 19802—July
1
Griess-Pfleger Tanning Co., income debentures
Jun 30
Since
51
—
chasing ox carrying:
' 47,561
'
—199
7,509
^
-
1859
82142
Detroit, Toledo & Ironton RR.—
1st mortgage 4s, series A, dueDi-Noc Co.,
»;
1718
1
1
Steel
Public
Jun
May
1st mtge. 3
+ 177
65,515
15,025
i,,,,,,,,,,
.
+
—280,183
—
„,,,
industrial, and agricultural
{ +
" 7~169
Liabilities—
..
•
'
•
Corp.—
Gas
Collat. trust 6%
$
$
Assets-
1,681,358
+
+199,940
+
1940 r
1946
Commercial,
33,123
53,019
*
Crescent
44) or
Apr. 10,
Apr. 17,
222,550
+1,859,815
201,009
110
—
assess
Total
...
+
137,072
2,073,971
banks—
Page
stock—Jun
pref.
prior
6%
Loan Corp.,
Dennison Mfg. Co.,
of dollars)
increase
Loans and
22,637,449
premises
Other assets
millions
(In
538,950
—
22,303,731
Due
F. R. notes of other
Uncollected Items
summary
1,088,185
+
•
securities
1913
l
Any time
1
Corp.,
debentures
income
Consolidated
liabilities of reporting
of the assets and
member banks follows*
A
Products
Commonwealth
deposits adjusted increased in all districts;
the principal increases were $162,000,000 in New York
City, $137,000,000 in the Chicago District, and $68,000,000 in the San Francisco District.
United States Gov¬
ernment deposits declined in all districts/
Deposits
credited to domestic banks increased $99,000,000 in New
York City and $103,000,000 at all reporting member
455,230
+
+
1,526,800
902,942
.
+
1,500
—
6,326,196
...V; Bonds
2202
Co.—
debentures, series B, due 1975
1st mtge. 5s due 1951
Commonwealth
*
8,729
+
+139,009
13,547^793
———-
Total U, S. Govt,
Transit
6%
.
Decrease (—)
securities:
Certificates
V 15,747
2,753
338,808 J
-
advances——
110,957
—
1,835
—
18,098,201
ctf. reserves-
2201
Date
Superpower Corp., first preferred stock
Cherry-Burrell Corp.,
banks.
-
Other
v
(—) Since
Apr. 17,
Apr. 24,
notes
1910
Mfg.
Ccrtain-teed
Demand
thousands of dollars!
F. R.
1909
2200
Works,
Butte Electric & Power Co..
Holdings of United States
ber banks.
Combined
4
and
Glove
Supply
5%
certificates
Redemption fund for
2164
Ltd., 6'/2 r/o preference stock
Jun
1
Co., Inc., class A stock
—July 1
Alabama Power Co., $7, $6 & $5 preferred stocks—May 18
.658300*
Baltimore
Assets—
1732
2164
Co.—
American
Gold
1733
•
,
,, s
(In
I860
ENTIRE ISSUES CALLED
.658300*
.658300*
,658300*
.562900*
trict.
Total gold
cash
due
Company and Issue-
Noncontrolled—
Discounts
series A,
mtge. 4V&& Income bonds, series A, due 2014—May
Gen.
•Nominal rate.
;V
1871
2013
Western Pacific RR.
:
<
2161
4.005000
4.005000
.091323
"
Sweden,
Union of
1961—-—.May 15
1735
r
.233626
.233626
.233626
.202020
;
.040501
krona
Switzerland, franc
2011
Power Co.—
mortgage 35/4 ?<> bonds,
•
England
.238520
.233626
.202020
escudo——.w—————-
Spain, peseta—
May 1
1960__May 10
.091323
pound——-—-
Norway.krone—Portugal,
.
1858
Philip Morris & Co., Ltd., Inc.—
20-year 3% debentures due 1962
May 1
20-year 3% debentures due 1963—
... May
l
Revere Copper & Brass, Inc., 1st mtge. 3V4S, due 19G0.May 15
Ruppert (Jacob) 4Va% preferred stock—
July l
Squibb (E. R.) & Sons, $4 preferred stock
May 1
Standard Cap & Seal Corp., conv. preference stock—May 18
Tehnessee Gas & Transmission Co.—
1st mtge. pipe line bonds, 3% series due 1965—.;
May 1
Tide Water Associated Oil Co., $3.75 preferred stock—July
1
United States & Foreign Securities Corp.—
$4.50
1st
preferred stock
Jun 30
.301824
.301215
4.033359
(Metropolitan) franc—
(British), rupee—1.———-——-—'
1858
>
1570
1st
4.033359
1723
1
1863
.908125
.570600*
.208766
Italy, lira——
Ifexico.v: peso..'—.-T-——
Netherlands,' guilder--—
;
.908125
.570600*
,020060
Czechoslovakia, koruno—:——
Denmark.krone-^------'------—
England, pound sterling
■
.907500
.570600*
'
.909090
,
1850
1
1
2002
New
.909090*
.909090
.909090
.90909a
,907500
.570600*
■
,,
.909090
.907500
dollar—
Canada,
2000
1
Pennsylvania Water 81 Power. Co—
Ref. mtge. & collat. trust bonds, 3%% ser. due 1970-May
1
Ref. mtge. & collat. trust 3Vis due 1964
May 10
.060602*
<
1
National Qas 8r Electric Corp— .
'
1st lien collat. trust 5s, series A, due 1953.
National Vulcanized Fibre Co., 4V*% debs, due
.022845
.022845
Official
1718
"1st
3.213946
.060602*
;
Iowa
.251247*
3.212946
1853
l;
20-year 3% debentures due 1961—
—May 1
Pdblie Service Co—
mortgage 3%% bonds due 1969—ii.—.Li.May 24
Macy (R. H.) & Co., Inc., 2Va% debentures due 1952__May
1
Minnesota Transfer Ry., 1st mtge., 3%s
Jun
1
,297733*
.297733*
mtge.3%s ■ due 1903————-J—„iMay
& Howell Co., 4V4 r/o
preferred stock.
jun
B/G Foods, Inc., 5% debentures due 1960
—May
Chesapeake & Ohio Ry.—
• ,'
>
1 •
/
1
Ref. & Improv. mtge. Vk% bonds, ser. D, due 1996_May
Chicago Corp., preferred stock
Jun
Cities Service Co., 5% conv. debentures due 1950—
Jun
$
'W
.297733*
1
1967—May
Clyde Porcelain Steel Corp., 5Va % conv. bonds clue 1960_May 15
Dryden Paper Co., Ltd., 1st mtge. 6s, due 1949—
Jun 15
Firestone Tire & Rubber Co—
;
; * v
;
K
3.213946
pound.
Belgium, frano-»--~~—
Brazil, cruzeiro-
Bell
mem
April 24
April 23
.
'
.297733*
.251247*
Free
Australia,'
1149
,
1st
April 25
,297733*
Argentina, peso—
Official-—-—*
Page
Date
Apr 30
Atlanta &* Charlotte Air Line Ry.—•
*
*
-
New York
Buying Rate for Cable Transfers in
Value ln United States Money
>"i
t•
<
;
,
Noon
^
,
stock
preferred
Corp.,
,1st mortgage.3%s, series A, due
reauirements of Section 522 o* tlwAcfe oi 1930,
tifvine daily to the Secretary of the Treasury the buying rate for cable
world.
We give below a record for the week just passed:
tpwi«Nr,ff RATES CERTIFIED BY FEDERAL RES ERVE BANK TO TREASURY
FOREIGN EXCHANGE RATES
1946 TC> APRIL 25, 1946. INCLUSIVE
.
T^^iant
Mfg.
Alabama Great Southern RR.—;
'
1
6
20
20 ;
1 /
8
12490
1773
2054
1036
1911V,'
2201
2201
Vil'V'wvV
2055
P
^olpms 463: Number 4485
Wa*.
V
ft-
pi% .THE
Company and Issue—
Date
Page
Western Steel Products
Corp,, Ltd.—
;
%y
*
5% general mortgage
bonds, series A———.iMay 30
1774
Winnipeg. Electric Co.—
i.
•
:Gen, mtge, bonds and/or debenture
stock, ser. A
1618
^ and series
May. ;■ 1
Woolworth (P. W.) Co., 2Vis % sinking fund debentures-July 15
2056
'Announcement In this Issue,
tin Volume 161.
Sin Volume 162.
COMMERCIAL &: FINANCIAL CHRONICLE
y'i
;
Per
V
v
»
.Name of Compant ■'
,.
When
Share
-:;f •;
Payable
Holderi
>,
Delaware
■
Diamond
p
,
DIVIDENDS
m
Then
second
a
i
37 Vic %:;7-':l%.
' A 256 '
4-25
$1.50 class A__
.
%'
Company,
" •%
(s-a)%.
preference
American
Arch
Crystal
Co.
Metal
Co.
American
5-11
>
5-4
Goebel
5-20
5-20
5-
$1.50
-"7- 1
6
Graton
6-17
$2.25
6-10
5-17
$1.75
6-10
5-17 i
5-.14
4%
1
5-18
1
5-18
$1.75
Y.)
(quar.)—'
6-
1
>
5-
Metal, Inc., 6% preferred (s-a)—_
Armstrong Cork Co., common (interim)——
$3.75 preferred
Associated Dry Goods, common (increased)_
30c
6-
1
5-13
25c
6-
1
5- 6
6-15
1
Ampco
—
50c
(quar.)-
6-
1
6-
1
Deposits
Allied
———
(W. H, )
Barnsdall
Oil
Co.
St.
Louis
St.
$1.50
6-
1
5-
5-
8
4-24
6-
1
5-14
5%
(quar.)—
Common
.■6%
5-15
5-4
5-15
6-
3
4-20
5-31
1
4-23
(stock div.)
5-
6-20
2c
pfd. (quar.)
Co.
(quar.)——
Buell Die A Machine (quar.)
Buffalo Niagara Electric (initial)
Bunker Hill Si Sullivan Mining &
(quar.)
$1.50
preferred
*$2
Mills,
12 Vic
6-
? 20c
s-a>—
5-
preferred
1
5-
7%
6-30
4-30
6-
Exploration
Fairbanks-Morse
Canadian
General
Industiial
B
%*. Class
P
6-20
7-15
6-20
7%
1
V
%6- 1
7-
6-15,
*
A
$25C
-
'
6-1
6-
(irreg.)———
Foundry Co., 5% conv.
Central
Louisiana
Electric
8%
pfd.
(quar.)
Coast
Breweries, Ltd. (quar.)
Colgate-Palmolive-Peet Co., $3.50 pfd. (quar.)
Colorado Central Power Co. (.initial):
Consolidated
Morris Plan
Mountain
Munson.
•6-1
5-17
5-13'/"
5-
$4
5-
5»
77o
preferred
6-29
45c
f v
6- 1
6,
,
6
4 6- 1'T
Crown
Cork '&
Curtis
Manufacturing
Davis Leather
Class
B
(
4-29
Co.
(Mo.)^-^.
Co.; Ltd., Class A (quar.)—-
quar.)
1
7-
1
6-11
7-
1
45c
6-15
West
6-
1
6-15
Naugatuck
Water Co.
5-11.
6-15
.
5-
1
•5=15
5=10
5-20
5-JO
40c
'
•5-15
5-28
5-10*
5-1
4-23
5-15
•;8=t0'
J''$2.00
'
50c
5-
5-15
5-
5-30
50c
.
6-
1
$1.06V4
6-
;
$
i,
if* 3
6-15
25c
:
5= 3
•
5-14
-•
A
1
4-30
5-14
$1.75
1
5-10
(quar.)—
5-«
quar.)
Sugar
-
common
Corp.
(increased)
Youngstown
15c
6-1
30c
$1.75
75c
i 6-11
:
1-5-14
1.5=18
...6-
1
,.7-
.25c..
>
5-10
5-31-
6-1
5-15
Sheet
1
6=15
5-1
5-14
4-29
6-1
5V15
.
4-25
31V4ft
6-
5=15
37%c
6-20
'
4-15
A
Tube
1
6-
1
$1,12Va
6-15,
% 6=:
$1.12 VA
6-15
U 6- 1:
50c
6-16
(quar.)
Below
1;
5=18
.
give the dividends announced In previouf
weeks and not yet paid.
The list does not include diyi.
dends announced this week, 'these being given in the
we
4-16
,
5-10;
6-1
5-9
,
7-15
5!-,
$1.12'A
5-29
$$1.12,/aN
preferred;? (quar.)_—.kkik- /;
5-
9
7
;%5-T-;
5-29
6-10
"
4-11
1
5-31
5-
40c
—
-
5-31
25c
C%
—
Corp
Industrie^—
convertible
5-18
5-15
5-15
5-29
dividend)—L——20% ;
,
1
5-31
6-12
25c
Chlorine
(stock
5-18,
6-12 f
50c
George 1, Ltd.—
preferred
(quar.)—
Common
3
5-31
$1.00-:
•.,
4-29
6-
6:
22'Ac
Worthlngton Pump A Machinery Corp., com.
4V4% conv; prior; preferred (quar.)-u——
4Va% prior preferred (quar.)—-,
5-23
6-1
:;"$9
:
——
5-17
$1
7-10
6= 7
(S. S.)
Woodall
6-10
7-
f a $1.13
common—.
(s-a)
Electrical, Instrument
Wilson
5%
:< i'1
7-20
75c
—_
;
1
6-20
$1.75
5-15
50c
—
(quar.)
Products
(quar.)
"t; \ 35c
Dental Mfg. (increased quar.)
35c
Brothers,
5%
preferred—. $0,2083
White
'
$1.50
~
—
1
Pictures
5-1.5
;
(initial
D.)
Indies
Westvaco
5-15
6-1
50c
pref.
(quar.)
—^.-.1
England Water,, Light & Power Assri.-r
preferred (quar.)___
preceding table.
:
1 One share
L
-viiurb- 06.63 -'A .ahneblv.';
$.$1.50 Ji:)-5n 1" (194^16.
*
,
;
;
<
/
..."
ri't;
15c
jpf; Pacific Gas. A Electric
com--
mon' fdt every
100 shares held_^—
North American Oil Consolidated (quar.)„
Aluminum
$1.10
4-20
Name of Compant
„
-1
5-1
Alloys,
v
I
$1.50
'
$1
50c:
1
convertible
Acme Glove
4-19
preferred (quar.)
Works, Ltd., 6'/2% pfd. (s-a>__.,
6=10
6-
5-20
5-15
1
$2.50
6-10
$10c
% 6-24
:
•■:•; 5-15
6-14
Corp.
Aircraft Corp.—
Aeronca
Corp.
Aireon
%%%%
"50c
Mfg.
Alaska
Packers
27V2C
5-
1
6-
1
5-
1
4-12
13%c
5-
1
4=15
_
6-3
Allied
4-25
Allied Laboratories
Control
Co.
20c
—
pfd.)
10- 5
8c
,
9-20
5-1
4-15
'$5
;-=-5=15-!-
13 %c ;
15c
,
4-19 *■-.
15c
;
(quar.)
6-20
7-3
"
;
(irreg.)—
(initial
4-37"%
.
60c conv. pfd. (quar.)—*
Association, (irreg.)^-=.ki—^
i
4-12
i.
.
Corp;,
5- I
7-
-
:
Radio
of Ree
h50c
-
Quarterly
Aircraft
H older t
Payable
$$3.25
,<
%
; : 55c convertible preferred (quar;)'
Alnsworth Manufacturing Corp.
(quar)
%
Wnen
%
Share
Inc.—
Adams-Millis
5-
Per
:
4
Acme
-—
Zinc Co,u———
Newport News Shipbuilding A Dry Dock Co._
Norfolk A Western Railway Co. (quar.)..
Nonnetal Mining Corp., Ltd.
(initial),
North Anierican Co. ;(stock dividend)—
-
5-1
1
5-20
$1.50-
5-17
—->■
<
5-15
6-
25c <
.i;
1
^,4^-
——-r~
1
10c
93c
Mpflr,)-_.._
6-
-
6-1
JLouis Ry,*.-.—
.(s-aJul
4-20
5-15
10c
25c
y $$ 1
ii*
Copipaqjo^ common ,i(qqap;<).
(quar.)^-It'--^—--—
$4.50 $^fqrred (quaiv$—
4-30
13c
—
Co., common
preferred
(quar. I
4'A%
4-18
5-15
Service
(S.
Weston
4-18
..
6-
New'-Jersey
5-24*
5-31
"
1
4
6-15
Linen
6%
4-30
6-
1
$1
Gypsum,
: New
5-15
5-15
'6-1'
1
-
Biscuit
5r .4 r
37Vic
Westinghouse Electric Corp., common
7%
participating preferred
5-15
5-
Brothers
Extra
5-15
5-15
5-
$$1
Elbres^llnc
-
50c
—
Washington Railway & Electric,
Participating units
6-11
,
6-15
•
5-
Line,' Inc.;: $4 pfd. A Cqqar,).—.
Co
5=20
6-1
5-15
(quar.)
—————
Co.
Detinning Co.,
preferred
(quar.)
$4.50
6-11
4-19
preferred
preferred
Warren
5-20
lrA
$1.25
(s-a)—_—
Meter Co., $2.40 preferred (qu.ar.)t.
New England Fund, Certificates of Beneficial!
4-22
43 %c
il7J/2C
4-22
6-
Neptune
6-15
.
7%
4-22
4-27
50c
5-15
1
50c.
4-27%
$1.62'A
5-17
7-
40c,
137 Vic
5-15
1
Vulcan
Weston
Steam Cpttofyr.fqqar.)"
Neon Products of Western Canada, Ltd,—
93% c
J30c
6-
5-17
Interest,
(ouar.)
Seal Co. Inc. $2
pfd.v(quar.)
4(4%
1
1
Automotive.
6 7c
56 V4C
Ltd.
6-15
5-
50c
——
5-25
•»
6-10
(s-a)—
class
5-15
5=10
5-10
1
Naumkeag
Corp.—
(quar,)—-—..
Imperial Mills,
1
5-15
5-
National
4-22
Cosmos
7-
%7-
t
6-15
6-10
6-
50c
25c
6-~i
Pictures—
-—1
Chattanooga
5=25*
—
Insurance
6-10
Shares
non-cumulative
Universal
75c
Acme
7 7c
^Ttili'«dt;4-13
87j/2C
4-30
(quar.)
4%
Universal
4-25
s-a)._
———-—
6-15
37Vic
2nd
,
5-10
(quar.)
(quar.)
5-23
-
Co.—
1
30c
B
Leather
1
(resumed)
preferred
S.
1
1
$1.48
(increased)
(quar.,)
5-
(quar.)".———-----—Producers;(increased s-a)—
National
25p aaorSc? I)«af.>5-15
6-15
Commercial
U.
preferred
6-
Corp.
National
7'
45c
Continental
Co.
Nashville
'4-26
25c
preferred
7%
5-15
50c
(quar.)
4=20
5-
United
5-20
$1.25
Ltd,
National
2
Continental
$3.75
Co.,
National
5-
g0ciib"W4b n
-
5-28
6-10
$1.25
com.
5»- 1''^
:
Unltpd Corporations, Ltd.r class B ( irreg.)$25c
Engineering A Foundry Co., com—
50c
1
Implement—
Bank of Rhode Island
Wheel
Beneficial
5-l'O'r
,5iVl 9lf\ 4-25
$1
(interim)
6-15
■
$1.18%
Mutual Income Foundation—
1
75c
common
1
%
$1.62'A
(accum.)
5=13'
?
;
—
Tyer Rubber Co., common
6%
preferred
(quar.)
66'Ac
(quar.)—,
Chemical
Motor
Rendering Co
Continental American Life Ins; Co. - (Del. )~Quarterly
-L—
:
—
4
5-15
4c
Power
6-1
25c
Taylor A Fenn Co. .(quar.)—
4-16
6-
$2.50
(increased
;
——
$1
(s-a)
preferred
(R.)
4-26
5-15
15c
—
■,,.5-
5-28
15c
(quar.)—
5=1^
45c
$1.12Vi
4y 40c
(quar.)
.
(s-a)-_
Tampax, Inc.
?
5-29
5-20
<
-
(quar.)——
25c
(quar.)
common
preferred
6-14
(s-a)
(quar.)_ri__—
4
6-15
$2
preferred
Co.,
conv.
Monsanto
5-15
—_
Insurance
.
,
1
$1.17
—
v,
1
7-
5-
4-29
;•
4-20
6-15
——.i:————
Electric Co.
Tampa
Warner
'
*■;
5-
$3
(qxiar.)
preferred
6-28
6-
$1.25
—
8".
5-15
s
«
•
20c
Mississippi Valley Pub. Service,
6-1;
40c
Si Power, $6 preferredRy. Signal Co., $4 Class A (accum.)
(quar.)—:
3—
•
Chicago Wilmington A Franklin Coal Co.—
Quarterly
u-'
f
-p;. •
Chile
Copper
Co.
-.—J-———
Clearing Machine Corp. (quar.)
1
25c
Co
v.-5%
50c
Ohio Light
Co.,
&
Minneapolis-Moline
2
50c
Central
Liie
non-cum.
Midwest Oil
6-28
.7-31%;
5-15
(quar.)
5-
25c
(quar.)
5-
7-31
7-15
;
Charis Corporation
Can
(s-a)
(quar.)
5-2
1%,
J$1.75
A Company, $2 Class A (quar.)
National
$2
5-31
1
$$1.25
—-
quar.)
B
Connecticut Power Co.
R.)
pieferred
$6.50
$$1.50
—
>
•
$2
Frank
Mitchell
(quar.)—-——
fr.
Extra-
5-13'
1
92Vic
$1.033A
—
preferred
(quar.)—-.Industrial Corp. (quar.)
Sylvania
.
$$1.50
—
•V
50c
(P.
A
8%.
4-15
$25c
(quar.)—-
Columbian
25c
(quar.)
Michigan Consol. Gas,- 4%% pid.
Steel Products, common
5-15
•-
50c
6%
3
4%
'4-20
5-
6-15
Co., $2 preferred (quar.)
Propane Gas (initial)—
Oil,
preferred
4
4=30
75c''
Briquet
Suburban
5=
5-15
"
(quar.)
Co.
5- $
6-1
; 50c
Corp.
4-23
.
:
5-15
37'/2C
——
—
4-2$
6-1
•
62Vic
quarJ)-^
s".
Fuller
4-22
4-22
4-30
25c
quar.)
(initial
(Ind.)
Swan-Finch
6-10' N' '5-17
10c
>,
v.;
.
Midland
>
Ltd.—
Central
Central
1
5-
$$2
preferred (quar.)—.
Utilities, 5% pfd.; (initial
Class
7-
$10c
Canadian
Carman
$31Vic
-
.
„•
preferred
(accum.)
Allotment
certificates
(accum.)
5-22
$25c
____
%
20c
5-
;%.vT2C,v;« is
;
1
5- 11
5- 3
,
'
6%
11-30
(increased)—
B
5-15
.5-15
(irreg.)
Garden
6-
Brothers
Baer A
Stott
4-30
■*
Co.
Stix,
Metropolitan Industries—
7-25
Alcohol-
Industries,
A
Class
Electric
(increased)—!—
A
Class
Products
5-15
25c
8-31
6-20
(s-a)
Stewart-Warner
5-
5-11
(accum.)__ $14.62'A
4-10
12-10
(quar.)
Canadian
Co.
9
1
4
1
4-30
tl5c
(quar.)
(increased)
Stern
2
4-20
¥$1.75 %
Breweries
9
7-
9-10
50c
Canadian
5-
6-
5-15
$1.62'A
(quar.)j
<6-1
6-
■
5-15
Stoker
25c
$1
'
Oil
Standard
$10c
Company (quar.)__
Merritt-Chapman & Scott 6Vi 'U pfd. (.quar.)
27Vic
6%% preferred (accum.)—
Power, common (quar.)„
Standard
5-21
1
50c
(quar.)...
Canadian
Canadian
5-15*
5-15
5-15
__1
Shirt Co.
(quar.)
Mayfair Investment Co. (Los Ang.) (quar.)
Meadville Telephone Co., 5%
pfd. (s-a)
Meier
Canadian
fa,; Class
1
1
a6-
4-30
4-30%
4-30
$3
$1
5-16
;
Inc., $4.50 preferred
Standard Brands,
Inc
5-31
$2c
•
.
Co.—
Spiegel,
5-29
$1
Manhattan
7-30
8
50c
Extra
5-15
5-
1
8
25s
(quar.)
common
Company
Square
Mailory
15c
(quar.)
preferred
Metal
6
25c
6-
5-
(initial
4-25
4-2J
30c
-———;
preferred
1
$2
12Vic
(irreg.)
Service
(quar.)
$1
Bleachery, Inc.
5-15
6-15
+3'A%
—
(quar.)
common...
Northern
25c
Gold
Madison
6
6-
1
Public
25c
Printing Co., $3.50 pfd.
Common (resumed)
Lyon
(quar.)
Canada Cement,
Canada
C
(quar.)
,
Lynchburg & Abingdon Telegraph Co.
1
6-
$$1.75
Luther Manufacturing Co.
6-
:
preferred
(quar.)„_
5-15
5-25
4-29
Water Service Co.—
$2
preferred
5-'-|U
■v.
Concen-
—
■•■4.4%
4%%
$30c
(.quar.)
com.
Lunkenheimer
2c
Butterfly Hosiery Mills, com (initial
%%7%
preferred -(s-a)—
Byron Jackson Co. (quar.)„
California
preferred
Lowell
37'Ac
p:? Extra
Power
4.15%
4-23
12ViC
Electric
5-15
4-23
I
5-15%:
i5c
———
—
California
6-15
5-
4-23
_
Falls
$1.50
Southwestern
4
5-
$1
"■
—
—
3.70%
Lone
4-30
4-30
Works
4-JDO
4-30
'$3
'•
..
Common
4-30
4-30
5c
"
Extra1'
Lathe
6-ia -
4-25
$1.75
California Edison—»
preferred
B
(quar.)
Southern Railway Co. tquar.)—
4-18
Star Gas Co. (quar.)
Long-Bell Lumber Corp. (Md.), Class A
Long-Bell Lumber Co. (Mo.) (accum.)
100%
Buckeye Incubator Co. (quar.)-—
Bend
•5-23
%5-)5
a
va1'
6%
5-10
Mines, Ltd. (quar.)
Levy Brothers Co., Ltd. (interim)
Savers Corp.—
.
Southern
6W
1
Life
3
South
common a
;
A-
6-20
$1.50
5-24
—
^
6
4-24
40c; s%;5-' T%
40ci*; >' 5- I % ',''''4-24
•
tquar.)——
5-
;
6-15
35c
;•-;.
:
,
6-1
;
75c
5-
Lincoln
$$1
————-—
25c
•'.$1.00
$1.25
$4 preferred (initial quar.)
Lehigh Coal & Navigation.
6-15
5-
4-15
(quar.)—-«
$1.25
7
75c
$2.50
% 4-15
-i.———
Chemical
Co.,
common
Agricultural
preferred
% 4-23 ;
$100
(s-.a)
.
4-2(0 ^
5-ii
V;% $90
(quar.)
pfd. (quar.)_
pfd. (quar.)
pfd. (accum.)
6
Bourne Mills, (increased quar.)—
Brazilian Traction Light A Power Co., Ltd.—
%% Ordinary —
Smith
Co.,
; 6-10
-
a
6-15
4-L8
(quar.)-——
preferred
6-
Monotype Machine
Tourneau (R. G.). Inc.,
Leitch
4%
•
5-2(3
——
Extra
4-30
1
6*
5-
.
7- 1
5- T
I'1
%
5-16
6-1
6-1
50C
-
4-18
6-
5-15
preferred
6-15
$5 prior
pfd.
.
5-15
5-15
—
4-25 "5
6-
':''6->i'
-
$1.12'A
^
4-28
5-
$1.50
•
15c
Industries,; 6 %
the Woods Milling,
Bryant, Inc.
7%
4-20
I1
68 %c
—
6-15
•
4-20
5-
6-13
—
partic.
15c
Le
7-
Buckeye Steel Castings Co., (}%
G-20
5-1
'
":'"5-':l'-;'
(quar.)—
Co.,
(quar.)
6-20
75c
$1.75
Investing (N. Y.)
5-15
35c
(quar.)
Co.,
preferred
Lane
5-23
1
Co.
i.G. R.)
of
,77o
7-15
25c
5-15
15c
Sagamore Manufacturing Co. (increased)—
Savage Arms Corp.
Seaboard Surety Co; (quar.)—
5-15
1
$75c
(quar.)
Corp
La, France
5-3
$1.75
—-
Brothers
Kinney
6-
1*
50c
(quar.).
Sherwin-Williams
(quar.)
Kalamazoo Vegetable Parchment Co.
Kansas City Stock Yards, 5%
5-
5-
Lanston
—
Callaway
Gas
Co.
Kable
15c
5-4
5-15
Car
Extra
6%
5-1
$1.25
6-15
6-1
$1.50
5-10
5-14
7-15
$1.75
Co.
5-15
8
6-15
137 Vic
t37V2C
(quar.)-_
5-27
■>7% preferred (quar.)
1——
Bohack (H. C.), 7% 1st preferred (accum. )_
y 7'/c
1st preferred (accum.)—r».
trating
Tea
Lake
Berland Shoe Stores (quar.)
Bessemer Limestone & Cement—
-%■ 6% preferred (quar.)—*
;
Bethlehem Steel Corp., common
Hill
pfd.
5-15
50c
Extra-:
6%
Foundation, Ltd.—
Jewel
6-
6
7-15
1
1
6-
25c
—
+25c
5-
6-
—
Refrigerating & Cold Storage—
Common) (s-a) 'ki-.:—
:
(accum.)
Silver
convertible pref.
Jacksonville
50c
—
y%$5 conv. preferred (quar.)
Buck
preferred
5-15
1
40c
7
$1.25
7%
Harvester,
International
Berkshire Fine Spinning Asociates, Inc.—
Broad Street
200%
1
5-20
(quar.)
pfd.
Louis
5-15
1»
quar.)i
Building, 6% preferred (accum.)
Russell-Miller Milling (quar.)
Extra
jX.-i
—ki
5-15
A
5-
5-13
7-
25c
non-cum.. 1st
preferred
5-15
1
6-
$1.25
4%%
1
Scries
-
Russ
1
6-
6-
(initial
Roos Brothers, Inc.
6-
e* t
25c
.,•<
5-15
1
6-
International
5-10-
qoc;
.
4-20
Rheem
$0.0889
3-29
20c
—_
(
Co.
1
5-25
5-
5-13
7-15
$1.37V4
$1.50
(liquidating)—^
Manufacturing Co. (quar.)_
(initial)
preferred
IOC-
;
-
5-24
6-
'
4-30
1
1
6-'1
37%c
B
1
25C
(initial quar.)_—
Class
1
10O
Products
5-24
6-
25c
Aviation^ Corp.
; Barber
1
4-22
(quar.)_
Republic Petroleum Co.. 5V2% pfd. A (quar.)
Investing. $7 pfd. (liquidating)
6-
Investment
—
Autocar Cc., 5% ser. A conv.
5%
preferred B————
Automatic Products Corp.——
Avon
6-
21%C
(final)
pfd. (quar.)
pref.
——^
preferred
10c
5-10
$1.75
Receipts
A
Reserve
International Rys. of Central America—
5-10
$1.50
(quar.)—
5-20
5-15
50c
5-
6-
'
$1
-
Reading Co., 4%
20c
1
4=30
1
10c
(quar.)
Inc. (quar.)
4
4
1
6-
5-
'
5-
6-14
5-31
6-
6-30
30c
—
5-15
6-14
5-31
1
6-30
•
30c
——
(quar.)——
9
Corp
A
New
common
(initial)
International Bronze'Powders, Ltd.—
Common (increased
quar.)
:
6% partic. preferred (quar.)—
Electrical Industries, Ltd.—
American
.
93 %c
-
(accum.)—
common
5-
1
4-22
1
50c
quar.)-
5-15
Ingersoll-Rand
3
(initial
$1.75
Co.' (quar.)
Inland Steel Co. (stock dividend)
4-17
5-24 ;
5-21
4-22
v
5-20 a
6-
4-25
7-
30c
Railway A* Light Securities Co, (Del.)—
Comnion (quar.)
75c
4-26
7-1
preferred , (quar,)—$1.25
Princeton Water Co. (N. J.) (quar.)
$1
Quaker State Oil Refining
—————
25c
5-24
1
•
10c
5%
5-25
6-
3
4-25
5-
10c
6%
preferred
(quar.)
Pure; Oil Co.;; common (quar.)
;
-
6-12
.5'•
5-15
4-39
5-15 '
e- $1.25
preferred -.(quar.)-Uw
.%v;T5c
12'Ac
5%
—
(N.
1
6 0
$1
6-
1
55-
6-12
s
,
,
,5'/£ %
5-15
37 Vic
50c
$1
25c
"
4-20
-
•
6-27%
1
6-
1
Associated
(quar.)
Plywood
4-20
1'
25c
pfd.
V
5=31
5-
5-1
5-14
;
——_——
25C
t
6-15
$1.75
Portland Gas & Coke. 7%
pfd. (accum.)
$1.75
67o preferred
(accum.)—$1!50
Potomac Electric Power-— \
■'
•
5-15
15c
Hawaiian
Hooven
1
40c
j
Pineapple Co.. Ltd
Allison Co., 5% pfd. (quar.)..
Hudson Motor Car Co. (quar.)
Hunt Poods, 6% preferred
\irreg.)_
5%
preferred tquar.)
5-
preferred
common—
Harbor
5-
5-20
$1.75
4-20
6-29
6-12
—
4-20
5-15
2nd
preferred
4-30
40c
preferred
4%
$1.50
Bottle
1st preferred
Co.,
5-15
1
$1.50
56'Ac
5-15
10c
5-
5-10*
(quar.)—
1
60c
5-15
25c
quar.)„_
1
50c
7%
Watch
4-30
.
Class; B:
5-15
6-1
5c
1
25c
6%
(initial
5-15
(quar.)
■
;
56'Ac
37'Ac
5-
—
25c
1
84 %c
•
f._
5-
6-
5-
5-14
-
$1
15c
(quar.)
(s-a)
5-15
3
5-
4-30
common.........
Pltney-Bowes,
Poor A Company, $1.50 CI.
,
Stores—
preferred
Hamilton
1
(quar.)————
*
Knight,
6-15
5-22
6-20
$1.50
preferred
Mills,
Extra
$4
20c
(quar.)
.
■
5-22
5-15
(quar.)
Special
6-15
6-1
pref.
Pillsbury
$1.50
Griggs Cooper A Co. (quar.)
Guggenheim & Co., $7 1st preferred
$1.50
6-
>
(quar.)-.
i———I
(quar.)_
7% preferred
Grayson-Robir.son
common
(quar.)
Re-Insurance
Thermos
A
Co.
5-29
$1
common
Goodall-Sanford, Inc.
Brewing
6-20
5-24
(quar.)
Co.,
l
4-15
25c
—.u.--.
Pig'n Whistle Corp., $2
5-15
6-29
;
$1
'6-15
62 Vic
v62V»o
.-.«-.
Corp.,
$2.50 preferred Vg
1
20c
(quar.)^.
6%, preferred (quar.)
General Paint Corp->
5
1
6-29
25c
'
•
:
5-11
6-29
.v-
75c
Company
Industries, 4%% pfd. (quar,
3%% conv. pfd. (quar.)—..
Outdoor Advertising, common
General. Telephone
5-11
!7
''
Wood
General
:•
5-29
25c
,
1
pref,
Philadelphia Electric
6-26
25c
v—_
6^1
—
American
f
-
5-15
6-
6-
■A 6-
■
t5c
(interimi__
(quar.)«!__>—
$2.50
Illinois
(quar.)
American
Ltd.
5-15
25c
—
Gar
%
Light, $6 pfd.
Corp. (quar,)„^—————
Peninsular., Grinding -.Wheel—-—
Petrolite Corp., Ltd.
(Irreg.)
Philadelphia Company, $5 pref. (quar)_„$6
1
5-
31'/jc
Peaslee-Gaulbert
■
•5-
1
34%c
(quar*
preferred
v
4-24
5-
—$1.50
Manufacturing Co
-V
pfd. (quar.)
Pacific Western Oil Corp.—
X
Palestine Economic Corp. (resumed)—
|f
4-20
..
Power A
77t
5-20^
5-15
>
20c
Electric Co., 5%
preferred (quar.)—
Pacific
5-15
5-1
25c
(quar.)___i____;
Mines,
A
A
5-20
1
5- 1
5-15
50c
u.,'
1;
6-
$1.50
22V2C
6% preferred (quar,),*»i^__UJ-——37V20
Pacific Mills, new common (initial)—
50c
5-21
1
6-
.
$.1.75
25c
3%c
of
Ltd.,
Goods
preferred
Co.
Marine
Gas
5xh7o
5-15
6- 8
6-1
50c 1
.
1
6-
$1
(quar.
Gamewell
'*
p Common —c———
7%
&
Elevator
Pacific
4
6-24
15c
preferred—
Morse
Extra
American Radiator & Standard Sanitary—
•
Gregg, common
preferred (quar.)__
6-1
1
6-10
6-
(quar.)—
Paper
:':20c
preferred (s-a")—
Florida PoWer Corp., 4% preferred
Freeport Sulphur ^quar,}
v-
J$2
—
(quar.)_.._
General Mills,
t$1.50
Sugar—
Investment
preferred
A
(The), 6%
1
5-. 4 %•
••.
6-
$1.75
•
of K*e
Payable
—
5
;'c
;•
—
Shares"
American-Marietta Co.. Class A
preferred (s-a)—
;.6V«
Coe
Falconbridge Nickel
4-10
■
—
W 5%
;
7-
250
-
%%$7 preferred <accum.)—.
American Home Products
(monthly)—
American
5-18
-
$$2.50
-
6% preferred
(final quar.)
American & Foreign Power Co., Inc.—
%v$6 preferred (accum.)-
American
6-14
5-
5-18
6-15
(quar.)
Co., common;
6%- preferred (quar.)—z.
4-23
7-15
25c
Business
American
5-
5-15
'
4-10
5-I8
Co.
American
5-15
25c
■'
Falstaff Brewing- Corp,——;
Federal Bake Shops, common
■
'.
■■
%
Alpha Portland Cement™.
Aluminium, Ltd., common (quar.),
6%
preferred
(quar.)—
2 Vic
$1.25
,7%
5-18
——
A: $7 preferred
Algoma Steel Corp., Ltd.—
y-5%
-14-25 :
25C
78 %c
91 %c
k__
5-15
Faber
6-I5;
6-29
$1,487,
preferred—-.-
$5
4-30
Otis
Outboard
.New commpn (initial)
Empire & Bay State Telegraph—
4'/o
guaranteed (quar.)
'
Power
6-29
1
pfd.
Hofdere
When
Per
Share
a.
7%
.4%% preferred A (quar.)—^,——L- $0.59375
Oregon-American Lumber Corp._,__u—i.*.
;
$2
6
5-23
V
^
Name of Company
,
6% preferred (quar.)
:
Noyes (Chas. F.) Co., 6% preferred (quar.)^1
Oklahoma Natural Gas Co.,tcommon (quar.)
-
5-14
5-
•
7-30
$30c
;
4-27
20c
(quar.)
preferred
t30c
.
1
:V'';5-15V
15c
,
Northwestern-Public Serv.
V
6
6 V'2 c
pfc.
Eastern Steel Products, Ltd.Elgin National Watch Co.—
of Reo.
„
Aero
$6
6-
5-
6-
Extra
Holdert
Payable
|$3.25
Alabama
37 Vic
-
Extra
When
Share
%. Extra -;;y—
5-20
t$l
t25c
Fail-banks
Acme Glove "Works, 6 Vse % preferred (s-a)—'.
Adams (J. D.)
Manufacturing Co. (quar.)...
.;
■
5% preferred A (quar.L
Duquesne Light Co., 5% 1st
table in
r
Per
Name of Company
Supply Mfg.,
(quar.)
bref^ficcuult)_^»
Fair
,
Reduction
Co.
%; 5-28 >%
Drackett Company,; new Common; (initial)
Investment News Department" in the week when
declared.
:•/%%.;
* The dividends! announced this week are:
Air
Match
350%
4-16 •:%:
6-20
%
$1
-
Which we show the dividends previously
announced, but
Which have not yet been paid.
Further details and rec¬
ord of past dividend
payments in many cases are given
under the company name in our "General
Corporation
and
Hudson
5-1
.
Dominbiristores, Ltd. (incrcasetl quar.)-.i^,w
follow with
we
35c
Dodge Manufacturing Corp.—
New common (initial)
Dome Mines, Ltd. (quar.)__.««_.>„,>^—.
Dpminion Bridge Co., Ltd... (quar,
Dominion-ScoUfsTiN Investments, Ltd.—
; 5%
Dividends are grouped in two separate tables.
In the
first we bring together all the dividends announced the
current week.
A
(initial)
Co, (quar,)
Derby Gas & Electric Corp. (quar.)—
,
(-
Railway A Terminal
'
1
.
-
*-
■
of Reo.
'
Dallas
• •
:
,
,
'V-2333
5- 1
7-
1
\
4-15
6-15%'
2334
T;
-
-
.
■■■■-
.
,
Name ot Company
Aloe
(A.
Alpha
""j Y// '
,-i>;■■■■.
■*.
-
Canada, 5%
5- 1
6-10
25c
$$1.25
pfd. (accum.)
;
...
^Amalgamated Leather Cos., Inc.—
1
;■
6%
convertible
preferred
(accum.)
$3 r:
Amalgamated Sugar, 5% preferred (quar,),*
12Vic
Amerada Petroleum Corp.
(increased quar.) //V $1
4-20
5-15
Class
4- 3
Canadian
American
Barge Line Co.
American
Book
American
Business
American
Can
Co.
(quar.)***
)<■$%
(quar.)— —.
Shares,
Co.
Inc
3%o
***
75c
,***'**•'
(quar.
American Cities Power &
Light Corp— at rate of
$2.75 class A optional dividend
of
as
stock
share of class B
one
American Distilling
cash.
or
CO.; (quar.)
75c
50c
•
■
Extra
*****.*,»j~.;
***•*—-*-
**.
American Fidelity
Cd. 7(Vt.)
American
Corp.,
25c
'v.; /
.»**,*
50c
15c
$2 preferred (quar.)--...;
*__*_____***;.
•
50c
$2.50 preferred (quar.)_**_***_—*___***/:/ 62%©
General
(quar,)*--—--
.
.
(special).
common
(quar.)^
American
Home
American
Light & Traction Co., com.
6%
i
Products
(monthly).
5
Common
5-15
preferred (quar.)
5-15
American Meter
American
Co.
•
American
V-6%
(quar.) I
Superpower. Corp.,
American Viscose
Corp.,
1st pfd
preferred
(quar.) _**__*_*-,.*_
j.*
American Zinc Lead & Smelting Co.—
s
$5 prior preferred (quar.)
*;___
Amoskeag Co., common (s-a)****-*—_***
50c
$4.50
preferred
Anchor
6%
Post
Fence
prior
prior
prior
6%
6 %
(s-a)
Co.—
preferred
(quar.)*_*
(quar.)
(quar.)**.*
preferred
6V_prior preferred
:
(quar.)
Anglo*madian' Oil Co.,
$6
;
5%%
preferred
Common
Certainteed
5- 1
7-20
4
10-22
Quarterly _*__.
Chase National Bank
$1.50 4 11- 1
1-21
,v#gi$l.50 1-31-47
(interim)
$5c
5-11
5- 1
4%
4-27
$68%C
Cherry-Burrell
4-10
*
****
*
.
4%.%, preferred
(quar.)*
—**
$L12 %
Appleton /Company (quar.)
75c
Arcade Cotton Mills, common.—******,,***,»»
$1
6 % preferred (s-a)******
$3
Argo Oil Corp. (s-a)
25c
Argus Coijp., 4%% preferred (quar.)$$1.12%
*
(quar.)
&
5%
4-30
6-15
4-30
Clarostat
8-1
5-17
Cleveland
35c
5- 1
'
Mfg., $1.40 preferred
(quar.)
Telephone, Ltd.—
i
.
preferred (quar.)
Atchison Topeka & Santa Fe Ry.
Atlantic. Coast
1
Line RR/ Co,,
:'("4%
(quar,)
$3.60
Atlas
\
common.^.—.
preferred (s-a)**
Co.—
(quar.),—
B (initial)
preferred
$1
$2
$1
,,.,.tn,nr
*
>■>
Automatic
Products Corp.
of
Amer
(quar.)
:$4.50
SBMitC
50
$1.12
100%
100%
- ■
preferred
(quar.)
Axe-Houghton Fund, Inc.—_
Axe-Houghton Fund "B"; Inc.—
Babcock
Wilcox
&
Co.^:
<m NM - .M
4*4* mi m
■:
.
Colgate-Palmolive-Peet
5-16
4-
6-1
4-24
1
-
4-16
4%%
preferred
(quar.)_L—
Belding-Hemingway Co; (quar.)
'
4'/4%
Concord
5- 1
4-15
Conde Nast
4-30
4^-20
Confederation Life Association
4-30
4-20
4-13
Quarterly
35c
5-1
5-15
12Vic
6-1
$1.06%
6-
1
4-30
50c -4• 5-
1
5-15'
40c
5.
.
6-15
,
4-18
28c
33c
6-1
5-17 f
4-30
5-
1
5- 1;
"Quarterly
.r:
—
Cribben
Crown
u
5-15
5-1
5-20
5-20
4-19
-
$50o
':■ $20c
■■■
lfuPrJ?f?rre& (accum.)——
«
$$1.75
British Columbia. Telephone—
6% 2nd preferred (quar.)
$$1.50
4-19
Brooklyn Union Gas Co.
Brown
Bruck
Shoe
Silk
Co.,
Inc.
Mills
(quar.).
(initial)*^.
N
preferred (quar.)
(A. M.) Co., 7% Dreferred
&
Wireless
Power Co.,
Ltd.,
0%
5%
preferred
4-11
6-
5
4-26;
20c
Canada
Machinery
Canadian
5%
Bronze
preferred
Co.,
Co.,
Rayon
Dennison ,Mfg.
New
50©
1
50c
•
V
5-1
t.;'
$1.25
250
V
6-
1
4-137
4-30
4-13
500
5-15
5-21
7-''-'r'
43%c.
6-14
5-15
4-30
5- 4
15c
Y.)
6-
1
:
17.
.
Denver
5- 1
Detroit
Gasket
1
4-15
Detroit
International Bridge
5-21
4-16
Detroit-Michigan
7.
l
6-20
:
5- 1
Denver
$
New
Stock
Union
Yard
& Mfg.,'
Stove
5%
5%
.
i*
preferred- (quar.)2.
preferred
l
4-10
5-
1
4-10
Dickey '(W. S.)
5-
Diamond
5-15
(H.
V 7 6% -i$tf
5- 5
•
7- 1
5-
!
1
6-18
4-20
5-15
5-
40c
5-31
5-11
5-
1
4-17
5-
1
4-22
r5--.1V
5-15
•
5%
Investment
preferred
1
'
Divcb
4-30.
Dividend
5-
1
4-15-1
Dome
5-
l
4-15
Domestic Industries,
5-
1
4-10
6-28
6-10
5- 1
4-10
1
4-10
5-22
4-29
5-22
4-29
5-10
L.)
800
.
8-1
4-
5- 7
4-26
5-
1
4-18
5-1
4-18
7-
4-16
4-17:*
•
4-
Corporation,
Shares,
Mines,
1
7-
1
.Cofnmori
25c
Company (quar.).
Brewery Co.—
4-
4-15 «
4-20
"
*
4-24
7-25 "
7-25
,
preferred
(monthly)
preferred
5-14
1
5-15 ::
@'100%
7
4-23
5-15
8-
(quar.l
8-15
-
8- 6
8-12
3
1
,**.
".:*tj' ■;'•>Iv.-'"U'l- ■''*
V
4-13
@ t$1.25
25c
4-30
4-20*
5-
4-15
pfd.
(quar.)—
;
v
9-25,
c4-$o 7;,
5-15
,
4-25
.
.-i.-J
5^1:,,
5-10,
5-10
5-15
4-30
5-
1
4-30
6-1
,
3-30 *
4-22
4-17
77
1
4-15
$75c
4-15
'6- 1
4-15:
?
bilfr'b
■jf r.
class
A
(quar.)
$1
class
A
(quar.)
•
;
—.———
5-11 *
7-0;
4-15
;
».***".»7
'
4-15
1
-V
5-15
:
4-19,'
4-30
4-30
7 99%c"
•
,
5-20;
5-25
4-9.
:4-: 9
5-
:
3.
$1.25
6-i5
75c
' 5-15
$1
5-15
40c
6- 1
71:5- 1'.
6- 1.
6-„l
-:5-' l"
;$1'
15c
5-31
5-217
6-28
6-18,7-16 : 7;
.
Holt, Renfrew & Co., Ltd., 7% pfd. (accum.)
Home Gil CO., Ltd. (annual)—.—»*
*****
1
30c
j
'p^eferrh.^_;j(quar.)—
$1
5-15
5-
5-
25c
'
common (quar.)—.
*»_:
5-~l
$37y2c
5-15
5-15
7-20
$1.12y2
"
•
f $1
s>
-
■
1
7/5-15//
'6--.l-;
-
Hibbard, Spencer Bartlett '& Co. (monthly)
Monthly *i**^._7_7*-—•»*_*_*..
: Monthly
__*7*_7-——_*_7—
Higbee Co., 5% preferred (quar.)*
; Hires (Chas. E.) Co. .(quar.)—
Holly Sugar Corp.
(quar.)—**
Holt.(Henry) & Co., $1 class A (quar.)
$20c
@y ,*'V:■ .b
5-15'
.6-23
.
C07—'
(kccunf.)*7—**_'*'.
'80b
Hershe^ Chofcdl'ate Corp.,
$^
4-13
5-
1st:preferred
4V2%
Heyden."Chemical Corp^, common (increased)
14% preferred^A (quar.)—*—_77«.—**;
,7
4% preferred4 B (quar. )—*'**
4-30
******
*'V ' f
-
.7*
*'" ,7'25c
.
6*
5-1
•
6-1
$1.23.
Hecht-Company, common (quar.)
3%%> preferred
(quar.)**——_**_«.**
Hercules Powder Co. 5% preferred
(quar;)
6-8'
9-
50c
31%c*
*
343/ac
Haverty Furniture Cos. (qtiar.) 7———**'*
'7
&
(quar.)
-)r/r
6-29:
20c
$30c
Dominion Fabrics, Ltd., common (quar.)
6% 1st redeemable pref.
(quar.)
Second cumulative preference
t
•
(quar.)*^y*——««*«*''$1.25/10-1
Corp of America,
6%*
1
(quar.)
I
-i
7
Havana .Electric dt Utilities"
5-
*
5%
7
^4-24, :- f
i
4-15
6-15
r.'V' r 2c
•—
*«>
k
5-15 7
4-30*,
5-
6-
9c
(initial)
;
1
5-15
5- 1
,
75c-
5-1
•KilX
common
*
4-161
Western
Hat
6-
Shares
"
5-23
1
5-15
-
Fields
15c
Anglo Investment Corp., Ltd.—
>
preferred
(quar.)
.**;.**$$1.25
Dominion
5%
new
Inc.
Ltd
Dominguez Oil
V
Trust
%
'8- 9:
6%' preferred (quar.)7j_*l_*—._**_*—*
; $1.50
Hartford Electric Light (quar.)—********* @68%c
Hartford Times, Inc.,., 5 y2% preferred*
" 68%c
60c
—*_*_*-1'
3
4-20-
4-20
Harbison-Walker Refractories Co.—
1'"-
6-
1
@@'300
'
•
%
4-10*
5-15
5-15
•
*****
4-30
$2
L'iii"^
♦
6-10
4-26
~
,75c
—
pt
5-14/.
.5-14/
—-—*
4-11
7-10
*—*
(quar.)*
4-30
5-15
5-
4-19
1
.
10-10
50c
@"
Distillers Corp.-Seagrams-—
;
5-
:
Grocery Store Products****
'>
15c4-30
Gurd (Chas.) & Co., Ltd., 7% preferred—_$$37,33y3 r
4-30
Hale Brothers Stores, Inc. (quar.)——*—.. 7 7, ,25c
6-1 Halle' Brothers CO.*—*****
75c
5-1
Halllcrafters Company (quar.)*"*—-—*"*—
r
"lOo
5-15*
Hallrror Mines, Ltth_^_*__—7*—1——
;
$7o
6-1
Hamilton Cotton, Ltd. (quar.)**
$22%o
76- 1
Hancock Oil Co. of California. CI. A (quar J*
50c
6-1
'Extra':,*—,
—******77.**—*-,*******^,-.'',V25C77'1- 84 1
■;
-rClass B ^*.y.T*7***^.—*********—
50c ,
67 1
Extra-7-***.*/..**..-**^—;
:*.**:** v
25c 7
6- 1'
*
37y2c
87y2C
(quar.)_i_*
(stock dividend) -.
(quar,)—
Diocesan
-
4-20/1
:4-19/;
5- 1
$1.75
4
Co., 6% partic. pfd. ■-(s-tt)-"!-*~*"75c
Clay Mfg?, 6% class
4-30
t37V2c
$$1.25
$31c
f
125c
4-15 V,
5- In
$1.75
******—'
5%%
conv.
preferred (quar.)
Grlgg? Coope)r;& Co.;—
* . •
5% • 1st preferred (quar.)
4-15
Match
4-15
;
4-13
75c V
(quar,).7,V
:*.*__**..,*
5-15
1
6-14
^**-___**_@^f^^'SOd
4-10
t50c
4-15 "
5- I
Knight, 7% preferred (quar.)****
Great Lakes Dredge ds Dock Co.'(quar.)*
Co.-----
1
j*
5- 1
5- 1
Co.;
Griesedieck
6-29
11.75
@
30o
$0,777
(accum.)*—
pfd.
Green
4-25
43 %c
*
.*'_r*7.*L*.
(initial)
common
5-
50c
4-13
87%c
7%
Corp.,
4-27
50
;
Co.__
5-15
(s-a)—
60c
*
4-15* v
4-15
7.
-
4-30"
4-15 6-1 7 4-22>,
5-1
4-22 ?
(quar.)—15c
4-19
t*
—
6%' pfd.
5-1
—.
5- 1
4-30
8-10
550
common
1
6-
28 %c
(initial)
$1.50
• •" '7
T -'
@initial) -i-«i-i-£-*-*-*-**
<v" 25c
Dry Goods Co., 4y2% pfd. (quar.)**i $1.12y2
1
->
pfd.
conv.
5-15
5-
.
$1:50
- 25C
100%
Graton &
.
$20C
Co., $8 deb; stock Xquar.)**
1
4-
$3
5-17
'
—
(irreg.)—
* 5- I " - 4-18 \ -i,
70 ,7, 5-15 7
$- 1 * 7- 1
6-13 *
37VaC
10-1
9-16 *
Brewery ; (Rochester),' Class A—ii.;
Extra'
5-17
77 6- 17
1
c
5-
5-29
'
75c
1
•
5- 3
5-31
*5-20
,200
J$5c;
37%6
,
4-15
6" 1
.
'
(quar.)
(N.
;
-
7 % 5-15 3 74-15
50c
5- 1
'
7
11-20" ' t
V 4-18 :i
12- 1'
25c
25c 77; g-'l:*._*^.***7..•'250.7' '-5-17
Gerrard (S. A.) Co^ preferred (s-a)_:»*-—*@'"
25o
5-30
Gibson Refrigerator Co. (qaar.)—_*_.*****
: 15c
4-30
Gillette. Safety Razor,-$5 pfd;
(quaf.)****
$1.25; 76- 1^.
Goodyear;Tire & Rubber, com. (increased)* ■ r ' 75c
6-15
7> $5 'convertible - preferred
77 6-157
Gorham, Inc.; $3 preferred——1****•
$3
6-15
Gotham Hosiery Go.yIncV(quar;)^—@7@7250;;-rv.5-i:l@
Grace National Bank (N. Y.) (stock div.)
9.09%
6-28
Graham-Paigd Motor Corp^— -:
5%. conv. preferred (quar.)**
31%c @ 5- 1
Granlteville Co. (quar.) ,**U*—^300
8-1
'r'Extra;
■**-.*@*.*7..7 '7;.30o'.7'.': :8-71.
'Quarterly
l—*.—*.*..***.****.—.
•
* 7300, 7
8- 1-
5-15 7
4-30
25C
Co.;
Co.,
'Class :B
3-29
-45C -
:
.
8-20 *
preferred
Genesee
4-24,"
4-24 :
$50C
Class A—
75c
7.5-
V
common
$20c
—
1
50c
$6 conv. prior preferred (quar.)_*
6%
convertible prior preferred
$37o
common
5-
Light, 4J/2%
5-
10c
*
(quar.)
5-1
& Terminal Co.,
37V2c
Lid., com.
8- 1
12 %c
Dentist's 6ujh?ly of N. Y.-*
./
(quar.)
1
37 %c
8-20.
r
1
37%c 7
.,
preferred (quar.)
^*i.——**«*.:
7%
conv.
preferred
(quar.)
Cuban-American Sugar Co.—
7% preferred (quar. )*.*^—
i^.****.
t$1.50
Canadian Car & Foundry Co., Ltd.,
Hew Class A (initial)
6-
17M»0
5-1 .,-7.7.
6-1
9- IV
common (quar.)i—**.^.
"7. 25o"
6-15
(quar.)_**.»«'*L—i——- ' $1,73.'P:..l 7
; General Finance Corp.—*,-r
12-10
5% preferred A' (s-a)—'—-7***.—*_.**»
5- 4
28c
5-25
{6 %' preferred B i(s-ft) --^-■--—----7**.*.*—. 7 .7.800
5-4 7
6-28
General; Food? Corp., (quar,)**..*
;*._: V 40c
7 5-15
5-15:
Genei-al Mills, Inc. (quar.)'*.*—.****—»**
37%c
75-,"i:.;
General Shoe Corp. (increased quar,)—
4-15
' 350. 7 4-30
General Steel Wares, Ltd.; common (qiiar.)
4-15
20c 7
5-15 7
@ @5%V7/preferred77Xquar.)**i*@.ii^**»i***,-'7;,$$1.25V 5-7.1:7
4-15 •
,7%,
9-10
6-1
$1.50
(quar.)
& Sexton, 4%% conv. pfd.
Drug Co. com (s-a)*
6-
$1.75
2%%
(s-a)_,
6-
7__*___:
1
5-
6-1
11
;
jTVffC',:
-
-1'
4-17 "
4-15 "
,
6-1
^7 13c
preferred (initial)——*.**.
Denver
General Cigar
6-10
12-15
7
600
(quar.)
Ltd.
Cable
55C
-
62V2c
Corp.,
Eafcing
40e
Class A
6-
•
$1.12Mj ":
Association
General
60C'
.
(quar.)*V*7v**—:
(quar; )*-**-*.***
•
*
Insurance
-
5-15
1
15c
(quar.)
Fire
v
5-25
California Water Service, 4.4% pfd< C (quar.) 4; 27V2c
.California Water & Telephone Co, (quar.)—
50c
#
$1.20 preferred (quar.)_
7 ■:
30c 7:
Camden
5-15
5-1
$$1.50
(quar.)-**-—;
pfd. (quar.)
(quar.)—
California Electric Power, $3
pfd.
California
Packing Corp., com. ■
.
8
4-19
5-
(Holding), Ltd.—
■
■
6-15
4-
5-15
9-15
.
Delaware
2c
5%%; preference (s-a)—
Calgary
4-30
4-19
$1
(auar.)**
;
Caldwell (A. & G. J.)' (increased
s-a)
Caldwell Linen Mills, Ltd.—
$1.50 1st preferred (quar.)
800 2nd participating
(quar.)
,
1
5-
J20c
4'/2%
Cable
4-16
$1.02
Gardner
pfd. (quar.)—
$1.12
7% pfd. (quar.)
$1.75
Davenport Water, 5% preferred (quar.)*.—
$1.25
Decker (Alfred) & Cohn (quar.)**^Li.—-*
25c
"Quarterly ■ ^-^*_*.****~i**-***i-^*«i-* '
:
256
Delaware Power & Light Co. (quar.)—;
@ 7 25c
4-19
40c
$3.60 pfd.
(quar.)
(quar.)
Bullock's, Inc., 4% preferred (quar.)
Burroughs Adding Machine Co. (increased)Butler Brothers,
common
*
8%
Dallas Ry.
S- 1
$1.25' " ^- l'
Buell Die & Machine Co.
Byers
'
74-30/
(reduced)—:—*—
.•
Dallas Power.&
4-15
5- 1
50c
5-15
6-15
—
(s-a)——
common
5%
General
Press, Inc., common (quar.)
3%%
preferred (initial quar.)
Curtis Manufacturing Co.
(Mo.) (s-a)__^—
•
Broadway Department Store, Inc.—
Common' (irreg.)
5% preferred (quar.)
<
6-1
Gabriel Co.,
v
V
,,
4-16
5-15
'
Securities^ :;''
(quar.)—7****——*******."
Fulton Iron Works Co., 6%'non-cum. pfd..*
4^15 *
4
"
17;r74rl3@7-
17%c
$3.60 preferred
^
—
Cuneo
British Columbia Pulp &
Paper—
•'
5-4"
6- 5 7
'
.
4-30
v
-
5 '
10c,
Co.
Corp.
4-
5-15
5-
preferred
75c
*-*****^A*-@Liwi;
(quar.)
Corporate Investors, Ltd.,
4-10
5-20
68%c
,
>
FUlton Industrial
4-15
1
t$1.50
Ltd.
Varnish,
$2.20
$1
•
—*—**———****
11 >i
4-1 $ *
4-20 "
4-30
5-15 J
$1.25
Fuller Brush Goi, Class A
Class AA (quar.)—
.
4-20
16c
(quar.)**,**--.*—*******
(Toronto)
prior preferred (quar.)
Corn Exchange Bank Trust Co.
4-20
5-1
-25c
$1.50
> ——
Extra-
:
50o
-;-**_*-
Bourjois, Inc., $2.75 preferred (quar.)
Brewers A Distillers (Vancouver)-?—,
Annual
'
4-20
5-
$4c
$3
4-15
5-1
25c
4-15
4-30
—
&
'
5-15
47%'c
America
Motors
Cook Paint
(quar.)*
20c
Bon Ami Co., class A (quar.)
********$1
Class B
(quar.)«_**.*-**:
$62%c
Blumenthai. (Sidney)
Boston Fund, Inc*- (quar)
Co.,
of
Corp
Continental
5-10
Co.
S<1""
^****_-*********-^*^**ii^i*«„»***-:
Paper Co. (quar.)
—
Consumers Glass
6- 1
< quar. )*-***-***—**^——
4-24
(quar.)
Container
4-12
75c
$6 preferred
Boston Edison
5-9
•
35c
Consolidated Steel Corp., $1.75 pref.
Consolidated Vultee Aircraft Corp
5-20
5- 1
(initial)**—
2%%
$1.06%
Consolidated
Blue Ridge
Booth Fisheries Corp.,, common
Extra
4-20
(increased) —I
Gas
7
4-20
5-15
■*__*:7__-*-****-**u_*—_-*--@.U-@S
Extra
5-20
$62'Ac
(quar.)**
Corp., $3 conv. preferred ((Juar.).
Optional payment (l/32nd share.of com-.
mon > stock or cash)
6@-l,
4:30 ;.
4-30
5-15
-6-21.
.
20c
\
V"
*
.
4-20
5-
5-15
I
Consolidated Natural
4-15
5-9
$$1.50
Consolidated Lobster
4-15
1
5-18
$1.50
7i;Bxtra':***^*c*i.^«*i—___***z*@@@@-:-i--*'
@ 4-25
v5« i
•
5-18
6*
(quar.)V,v*'*—_
preferred (quar.)**.—-u.-*^--*-*^**
7%';preferred :(<p»>r.)**■?. ;
y
'
.7% preferred (quar.)------^-----------Foote Bros. Gear & Machine Corp., common
-600 convertible preferred -(quar.)**—*—*»
"
Foster & Kleiser Co.; -(irreg.)^«***.*^**«
'
Foster Wheeler Corp;, 6% preferred (quar.).
•6%' preferred (quar.)*-***-ii*_****-**-.*«.
•
Franklin Telegraph (s-a
Froedtert 'Grain & Malting,- com. (quar.)..*
.7Common -(stock
dividend)**—*—*-****,
4-15
Consolidated Edison Co. of New York, Inc.—
$5 preferred* (quar.)—i*
.*_*—******^
Consolidated Laundries Corp. (quar.)—.
4-15
$1.75
pfd.
@256 -"'
'
*—
•
4-19
$1.25
Corp. (initial quar.)
Consolidated Dry Goods Co.*
u-i—-i-*i
1
6-1
1
1
*
partic. preferred Class A (quar.)
partic. preferred Class B (quar.
Extra
;
5-15
*
(increased)
common
'7%
1
5»-15
(quar.)
-;-*a.****^
11-
$1.25:
■
Consolidated Dearborn
5-15-:
5-1
25c
.t-L——
Ltd., 5%
$1
5-15
20c
—*
$1
@
4-23
6-1
7c
6% preferred
Blue Ribbon Corp.,
4-15
1
Co,
Carpet
Fitzsimmons Stores, Ltd.—
1
6-
100%
(quar;)*
Connecticut River Power, 6% pfd. (quar.)**
Consolidated Chemical Industries—
;
4-30
4-30
:
Co.
Publications
12-
5-
50c
.
Corp., Ltd. (quar.)
Co., 5% preferred
7% preferred (accum.)
Co.,
''■"Quarterly--
6-15
6-1
Gas
6-1
25C >
"
(quar.)
Connecticut Light & Pwr., $2.40 pfd.
$2.20 preferred
(quar.)—
9-10
20c
'
"
^Preferred
4-11
50c
Quarterly
$1.18%
'
5- 1
5-13.
*
Electric—
4-15
4-20
,
y
' 12- 1 "11-15 @-,7
,5-1'
4-15*^
10c
•
-Extra
4-19
1
5-
25c
:
Loan
Edison
,
4-20
-
of; America**—_*_*—*
.Federated Department. Stores, Inc.; -common37 V2C
44y*% convertible- preferred- fquar.)*u*^*
$1.06%
Federal Electric Co., $1.50 Class A (quar.)**"
25c
Ferrd Enamel- Company*
25c
Fibreboard Products. Inc.—
' ' •
' ;
' *
@6%- prior' preferred i qhar.)i-*^.***«iii*i:Jl.50
Fidelity & Deposit Co. of Maryland (quar.)*$1
Fire: Association of Phila. (s-a )"__*_
". $1.25
Firemen's-Insurance "Co. (N. J.) (s-a)--.*-*
y 25C
4-17
4-50
$25c
$25cj
Int'l
1
Corp.
-.4-16 , :
" 5-13 *,
5-17 '
.
6- 1
a
•i
I
4-15
11.06%
Ohio
^ 5-1
,
5- 1
5-1
$3c
(quar.)*
Commonwealth
1 ;
Hedges, $2 conv. pref. (quar.)-.
Best .& Company (increased)*;
Birtman Electric Co., common (quar.)-.
$7 preferred (quar.
Bliss (E. W.)-Co., 5% preferred
Southern
&
preferred
Commonwealth
1
5-
Benson &
^
4
4-17
series
5-
5-
-i-*—
preferred 5%
4-15
75c
—
4r30
.
8-15
$1.25
*_*_**_****_-*_-i******
5- 1
$1.50
Bell & Howell Co.,; common, (quar.)4 Vi%
preferred- (quar.)*——
Beneficial
;
"6- 1
,
(quar.)_**.ii^:**»*^_L;^i'" @$1^25.
Pipe ' Line
'
; ' 50c
Insurahce Co.
Firth
*__:
5-15
:
$25c
-v.-
5-
5-1
5c
(quar.)
(increased)__
Commonwealth
i
*
Co.
(quar.)*
dividend
Columbus
5-10
(quar.)-
5-15
9-2
common
5-15 '
6-11
1st pfd.
$3 prior preferred; (quar.)-*
*
Beck (A. S.) (Shoe Corp., common
.
.
12-10
Beaux-Arts Apartments; $6
V
•
<
4-30
20c
20c'!
;
(quar.)
Columbia Pictures Corp. com (stock dividend)
$4.25 preferred
(quar.)****.
4-15
1
6-1
6-1
7-*"l
(quar.)—-
4-24
i
_____**
83Ao
Bathurst Power & Paper, class A
Baystate'.- Corp.-
preftfSrred
Cum.
>
5-
Inc.,
Columbia Gas & Electric, 5% pref.
6% preferred series A (quar.)
4-19
preferred (quar.)
8%c
10- I
7% preferred (quar)-—83/4C
1-2-47
Bath Iron .Works^
—•
;
$17-1
Steel, 7%. pfd. (quar.)-
$1.25
;25c
1, «'• 75c
$1.25
•
•
f'
5-1$
,
Stores,
Stock
5
5- 1
1%
■
4%
:;4"' 5'
4-30
Baltimore Porcelain.
4-30
,
4-15*'
—
Colorado Fuel & Iron, 5% conv. pfd.
Columbia Airci aft Products, Inc.—
25c
—...
CO., Ltd. (s-a)
Plow
Colonial
5-1
10c
-
Aviation Corp., $2.25' preferred (quar.).^—
Avondale Mills,
rnmmnn
(monthly).,, ,„VH n,m,
4-12*!
4-24 '
6- 1
(quar.)***-***—**i«*
5-16
5-1
25c
*
Ltd.
4- 4
5-
(initial)
Semi-annual
5-10
Corp. (quar.).
*,*—****•
25c
Co., .5% conv. pfd. (quar.) ** <v $1.25 :
Atlas Steels, Ltd. (quar.)-.-.---^-.-$25c
Ault St Wiborg Proprietary^ Ltd.—
*
5V2% preferred (quar.)
$$1.37y»
Aunor Gold Mines, Ltd, (quar.)
:
15c
Co.
Breweries
6-13
■
Plywood
Canteen
5%
5-1
6-13''
*
Atlas. Powder
Automatic
1
4-30
5- 1
,
Chicago & St. Louis Ry.—
preferred (quar.)
5- 3
$1
*—**.
20c
25c
$1.14
—
$1.5(1 " 5- l
4-20
$1.50
5- 1 / 4-19 v:
Farmers & Traders Life Ins. (Syracuse, N. Y.)*—* ,r 1
; *" " ' "
-QuArterly;" •**.*—*.—:
*"" •$2.60.,'"" '7- 1% '8-l5y.;
Quarterty 7
_-**->-*---**_***«_*$2.50 7 10-1 ;
F-18 "
Federal Compress & Warehouse (quar.) _*^l. '
25c '
6- 1
V 5- 1*
Cine.
Cockshutt
4-15
90c
-
.*
Manufacturing Co.
6- 1
$2.50
,
5-
$1.25
*
@4-2
5-1
$1.50
A
preferred
'
$22%c
(quar.)**
5 %.non-cumulative
Atlantic Refining
4-15
Coast
*
Atlantic City Electric, 4% preferred
Atlantic Coast Line -Co. (Conn,),
6-19
.
4%%
4-20
5-1
$5
6- 14
Associated
(s-a)
-
4-6
4- 6 '
3-20
4- 9 ;
4-20 ;
5-15
(The), *6% preferred (quar;) *-—.1*.***
Fairbanks'Co; 6 %v pfd; (quar.)iiiiiiUi-:-—
Pacific
10c
Asbestos
RR.
5- 1
5-1
5- 1
5- 7
5- 1
Fair
4-i5
$1.25
Texas
50c
*******
5-1
20c1'
^
******
Arkansas-Missouri Power (irreg,)-,,**,..—.
/,
*
Williamsport
$5 preferred A
..Eureka
40c
'
*
Artloom
-
——
(quar.)****
**__**—*—
4-10
V4-15 {
5- 1
;5"-..17ir ^15-%,:■■
$1.05
87'Ac
(quar.)
—
Consolidated
,
preferred:.A7|quar.?;.$1.25",y; 9-;l'-.8-16
$5
r
5-
(Mass.)
*.*.*****._*
5% preferred (quar.)
City Stores Co., common (increased quar.)*
Class A (increased)—
*«*;•'
6-29
(5-14
*
(quar.)-.,
5-
6-
' 50c 4
$1.25
Orleans
pfd.
$6
^ .?
A-19 ■
6-20
;?
9-20 V y
12- 8 ;
>
'
.
Corporation
r
$1.62%
(initial),
New
Co.,
(quar.)
Corp.
&
Excess
*_
—
common^—*
preferred
preferred
Electrical Products
5- 1
$1
participating preferred A (initial)
Cincinnati
4-20
6-19
Share
&
,
4-25
;
5- 1
$1.50
30c
Empire District Elec. Co., 5% pfd. (quar.)
EmpIoyersV Group 7 Associates
(quar.)****;
Equity Voip:p $3 conv. preferred (accum.) *w
Erie Railroad Co., $5 pfd. A (quar.)***
f:'»
preferred
5%
4
5-41
6-29
«
.
4-
5- 1
•
-
Bond
*
,
,
.5-A,,
8-29 •
9-30
12-21
preferred(quar.)******i**^****w«7"$1.12%
1
Chesapeake Corp. of Virginia-*—''20c
Chicago, Milwaukee, St. Paul & Pacific RR.—
-
$5
•
9
35c :
(quar.)
Corp.,
preferred
5%
(quar.)
**
Appalachian Electric Power Co.—
4-.9
4-
i
.
5- .1
,5-15
,
;
4-19
5-1
,
-
6-15
-■
,
J
.
CO.—
5-
:
-'7» 1
;
,
@6-30 V 5-31
5- 1 @ 4- 2
5-1- 4-2
6- 1 @ V4-15
6-1
5-21
6-10 v
5-18
;
•
B (accum.)*****i-*L*i***
Co., common
:
—
$1.75
Products,
$6.50 preferred (quar.)_.i
Stare Real Estate Trust
Products
Electric
-4-30*.
4-30
13c
Chain
;
Elmira
■
.
-
$25c •
$25o
$12%©
'
15o
50c
$1.12y2 ;
25c
Chemical, common
1
gnnr .)
4-20
$10c
@7 $25c
;;
5-
6% prior preferred**
Chain Store Investment Corp.—
->
*—.77
preferred
Pasdo
Cerro- de
6-22
**!—;-
Corp., CI. B (resumed)
Massachusetts Street Ry!
@4% %
4-30
; $1;
CopperL—' ,50c
•
4-12
,
$1.50
,
,
v
1
"•
12y2c
•. 25c
/
^3-30
****.'
1
&
preferred
Ekco
3
6-
-5-10
50c
-
3-30
4-30
(quar.)
*—
7-
$5.25
(quar.)_*__**
(increased
$1:
$1
-
Central Power & Light Co. (Texas)'*4 % preferred "L-i^^*--*j.**it.i*i^^a:*-i**t.: •:
4-15
7- 5
«
4-30
trust certificates
Electrolux
$7 preferred (quar.) «_.*i**i.Ji;
Central Hudson Gas & Electric—-
4-15
1
8* %'
$1.50
**
——
Ltd.
:
Anglo-Cc^idian Telephone Co.-r*
1
10-21
6-22
******■
*
preferred
11-
"-'7- 5
r
>
,
I
9-20 >
6%
$1.50 77/8*/tr
1
„,
10*
Eastern
4-19;:
6
5-
$2.25
6-20
7@-i
.•
$30c
Linoleum
&
Bradstreet, common******—********
7-20
5
75o
**«
25d
6-30
3-31
;
1
5-
5-15
15C
&
4-20
4-
-
,,
_
i
1
4-26
Central Arizona Light & Power—^
$1,25
i
B-
J»»15
$2y2c
'.'..450
8- 1
^-1
4%% preferred (quar.)—*
*********
Duquesne Brewing Co. (Pittsburgh) .***—.*
Duro-Test Corp. (s-a) @*-*_**->i***~^*-**-»
50
Dwight Manufacturing Co: (increased quar,)
;
6O0
Eastern Corp. (quai1.)—*-«-—**—***—«,
" 20c
Eastern Magnesia Talc Co.> Inc.- (quar.)**. -;
$1.50
Quarterly
1 $1.50
Quarterly
—-*—*******
$1.50
8-
3
5-
U
T)un
4-15
5-1
5-15
5-
5-
i
S6- 1
$1.25
"
8
3-31,
$20c
(quar.)
(Initial)**-*--.-^'
Dominion Woolens & Worsteds, Ltd. (quar,)
Dow Drug (quar.)*—
5-
4-30
77
r
25c
5-
,$10.00
$;•
(quar.)
1
(quar.)
5-31
S0c
—
$6
common
6-
$40
$150\
Tar
of *«*» ;..
'$$1.29
Steel & Coal
Voting
,
-—*.*-**•**
1
4-23
•
4-
*
...
.
.
quar.)
5-23
1
_—
American Stove Co.
Co.
6-
5-
50c
4-15
1
$10c
1
37Vic
>
1
5-
**_*
6-15
4-23
Co., $3 pfd. participating
\ 64c
Smelting & Refining, common
{•<>;. 50c
7% preferred (quar.)
$1.75
5-
*****
*
(quar.)***.,
7-
1
Service
Dominion
4-20
■'
( Holder*
*—
—
***■
4%
-
4-15*
5-
American
3-29
5-15
;
$$1.50
$6C
preferred (quar.)**.
****>'
*4
4% .preferred (quar. )**__ui;*—w**—__**
Cassidy's, Ltd., 7% preferred (accum.)__**
Castle (A. M.) & Co.
(irreg.)**************
Celotex
Corporation, common (quar.)*****
5%
preferred
(quar.)_*<.******-*-**j.*».-
30c
*—*■*__
4-30
Extra
(quar.)r*
Corr common
Oilcloth
Dominion
•
4j/2 %
preferred
(quar.)
$1.12%
.4%.'preferred ■ (initial quar.)$1
5-15
(quar.)
Dominion
$$1.50
***
Corp.
(increased
Common
4-24 '
v
3-29
(irreg.)
A
Extra
\.-****_*„**„.*.***„****4a.****»'
>Capital Estates, Inc.**—**.—.*»—.********
Carpenter (L. E.) & Co. (increased).-****
i
Carpenter Paper Co., common (quar.)*>:^@^*
4-22*
4-
4-30
-
6-1
,
(increased)
Marconi
4-22*
>
6- 1
•
B
Canadian
4-10
>
,,
7- 1
5-31
i
..
.»J
*
Investors
V7.
75c /;•" 6- 1
-kb 20c :j 5- 1
—.__•**
Ltd.—
(increased.)
Canadian
'
($3 preferred
A-
Canadian Oil Cos.-*- '
5- 1
4-3Q
4-30
4-15
6<-30
,
Industries,
5-
^
,
*—-*
•
Shares, Ltd., CI.
Canadian Investment Fund, Ltd.
4-19*
$25c
$$1.50
(quar.)
Insur.
/V
5-31
When
per
'Share-' payable
^r$2'0c Tr6- 1
f
_
(quar.-)*w-**iri_--*---u**
(qu^r.)
preferred
>5%
1
'
A
Canadian
6
7-
Common
4-30
$12y2c
^
Name of Company
Domlnton' Malting
$18%c
(quar.)
com.
4-i9;>
5-2Q
.5-15
1
of Reo.
Co., Ltd.—
Common
4-17 V
y
V
Holdert
Payable
Share
Products, Ltd.,
Common
4-15
4-30
5-15
25c V 5" 1
fPef '@.Ct When'
(quar.)
Food
Canadian
4-16 *
•••-.
Converters
A
Class
4-30
5-15
5- 1
j 15c
;—
Canadian
•:
:
„
f
:vf:VX,
Name of Company
5- 1
50c
^
Cement
of
<ir r'l'
Vi7
of Ree.
Payable
Share
S.); Company, (quar.)
Portland
Aluminum Co.
77. Holdere
when
Per
1'
,X
Monday, April 29, 1946
CHRONICLE
THE COMMERCIAL & FINANCIAL
V-V.^-W^
;■
'. '■ ■'
..
•
150 ■:
•
-" "15c
7
25o
7f 25c
v'1-
250
t$3.50
$15c
.
7/4-25'7.1
5-
7-26
5- 1
6- 1
5-.1
6- 1
9- 1
7712- 1
;7. 7-15
5-15
$1.25
30c
25c %
4-25
•
-
1
4-15 7
,5-15
-
V 4-15 vV
5-21 ,7
,
.
v.
8-21,V
11-21,,6-15
7 4-10
.
7
in umuci
ntoj
-
''"
tf-' Liv'"'
^ame of Cornvant
-
Hooker
$4.25 7 preferred
Border's,
„t
*' V
common
Electrochemical,
•If '.;'
Per
(quar.)—
Share
,
>
t
(quar.)__~^^--_-------
5-" 3*
6-27
5- I
6-
5-15
4-27
r
5-15
4-27
.
5-
On new
$2.25
Co.,
_i—
(quar.)
(quar.)
HuyleYs,
$2
7
Co.
(quar.)
Aviation Group
and
4 %%
•
'••;•-•
(final)
($100
.6-19
7
1
'
77.5%
—
/
preferred
•
';'■•■
'
5-1
':h
4
5-
8%C
r
I"
'
7%C
8-
-
4-
1;V
1
4- 8
e-is
,
30C
6-10
5-10^
-30C
9- 3
8-10
30c
12- 2
11- 9
133Ac
•4-30
4-15
(F.
Co.,
L.)
62%C '•;•■>•'5-
-
4-30
15c
preferred
Supply
Lake
Emil)
Quarterly
Quarterly
•
preferred (quar.)
original capital
Power
umberman's
&
5-
4'/2%
10-
5
■
5-21
Co.
City
Lines
1
Bonding & Insurance
5-1
Extra
l
4-19
5-1
6-1
5-20
National Vulcanized
6-1
5-10
Neisner
5-15
4-30
'
5-
8-
1
4%%
1
7-26
11- t
.
i
10-26
5- 1
5- 4
6- 5
v
1
9-10
12-10
60c
Noma
5-24.;
9-10
v
8-23
50c
12-10
71-22
3-10-47
2-24-47
6r
Ir ^V 5-16
&
North
f'17
1
;;r :'6-l3!
vHo!
17 ;M
4-17;
A.""
5-1
;'-v''4-17
.
i1,\-,"
4-15
5-25
4-^9
5- 1
5-
1
5-10
5- 1
.———
30c
5-
;—
30c
4-30
25c
$1
1
6-10
~4-5 %
4-30
4-20
4-20
4-15 7
5-15
1
5-15
5-15
4-29
6-
5-
■
12-19
1
7
4-
6-29
6-20
5-15
m'Ji-
5-15
$75ci ?7
$$1.50
—
4-15
-5-
1
l"f£
1*
5-
<■
4-1
6-
17
5- i
v
■
quar.)
two
5r 1
4-15
5-
4-22*
1
20c
5-10*
5-20
Service
—;
5-
1
5-
1
:•-•
8-
20
•
•
7-22
$1.75
4-18
6-15
6-2 T
4-15
25c
4-30
$1.25
8-15
77
7-31
(accum.)
Corp...
•■»«*» mm mm
&
Gas
4-10
4-25
5-
8
4-
5-
1
4-17
5-
1
4-15 *
5-1
5-1
(interim
(interim
B
A
5-31
5-31
$1.50
50c
11-15
30c
5-31
5-31
Common
:5-24
5-15
65-
25c
.oO
1
1
;
7%
80c
4-15
$4.50
of
New
50c
Engineering
Co.,
4-11
Seaboard
•
'
Secord
5%
50c
Co.
20c
preferred
$1.25
(quar.)
—
—,
Corp..
6-20
5-
4-15
4-30
7-2
6-1
$1.12y2
4-30
5%
4-26
—
Steel Products, common (quar.)
preferred
(quar.)l
Ontario & Quebec Railway (s-a>
Orange Crush, Ltd., 70c conv. pref. (s-a)—
Oswego Falls Corp., Ltd—
—
—
—
1
4-20
415C:
7-
2
6-20
Sherwins
7-
2
5-15
5-15
t$3 »
435c
200
■
-
'
>7
6-20
4-15
-4-15
•':"
v
Common
7%
6-
1
5-
5-
1
3-30
6%
4-22
Silex
,5-
1
8-
1
5-15
1
5-15
4-25
4-15
5-
4-15
'f
7107-
10-
15c
6-15
9-15
4-20
5-
1
4-20
4-28
4-15
5-
1 f
12c
5-
1
(Del.) (quar.)
Candy Shops, Ltd.
(quar.)
4-12
5-15
415c
4$1.75
25c'
$1.12%:
5-
•6-1
"5-15
•;
.6-10"^
>7-1
4-30
5-
i
3-31
3-30 7"
6-30
6-15
5-10
5-
1
4-19*
5-
6
6-
1
6-1
5-
I
7- 1
6-10 .;
7-
1
6-10.:
5-
1
6-15
35c
•'
3-30
5-
1
.
3-26 7
4-16
425c
5-25
4-18
5C
;
4-29
4-18
4i5c
5-
1
4-10
(quar.)—
——
415c
8-
1
7-10
$$1.75
—
7-
2
6-10
35C
$1.50
15C.
'
4-18
Canada—
common
7
IOC
87 %C
(quar.)
V
4-i9* :
5- 6
25c
r
4-20
:
•
5-"l7
$1.25
j-—
7
5-1
4iy4c
——-
•
,=•
:4-2o;;4
420c
—
com—
(quar.)
Sierra Pacific Power Co.,
5- 1 7:
1
$l,05y2
(quar.)—
of
u
6-15
25c,
(quar.)_
v
757
4-15
—$1.18 7/10
$1
(quar.)
Company
9-15
5- 1
—
(quar.)—
preferred
6-15
7
$1.25
Co.
preferred
7-15 7
4-25
5-
——
Co.
;
4-18
7-15
15c
—
Common
4-20
1
$1.75
(quar.)_
Acceptapce Corp., (Omaha),
Williams
1
4-30
20c
pfd.
$5
Sheraton
7425c
5-
4-15
8-
6c
15c
Shawinigan Water & Power Co. (quar.)
Corp. (quar.)—
4-15
5-
■
7%c
$1.75
..7———
prior preferred
50c
4$1.75
7
$1.75
(quar.)—
preferred A
4150
—
Ontario
;&7;7%
4-22 '
50c
Sharp & Dohme, Inc.—
$3.50 conv. pref. A (quar.)—
5-28
i
4-11
50c
75c
4-15
425c
4-20
4-20
250
Security Insurance (New Haven) (quar.)—
Eefjon Fibre Can Co.— 7-:,...7>7;.::77;7
4-15
1;
4-30
4$1.75
United
4V2% preferred (quar.)
Filters, Class A (quar.)——
Ontario Beauty Supply, com. (initial quar.)
?ta
7-1
Oil
4-20
4-20
75c
—
(quar.)
(Laura)
Securities
.
-
,
common
(quar.)__
Ogilvie Flour Mills, Ltd., common
7%
preferred
(quar.)-.-,—
4-30
5-
250
York—.
preferred
10.-; 1
Quarterly
>
f. 7"
6-20
250
San Francisco Remedial Loan
7/——.
-tin&r i 350
Northern RR. of New Hampshire
(quar.ln-^g $1.50
Northwest Bancorporation (increased)
•4«'U
Northland Greyhound Lines— '''
$3.75 preferred (quar.)^w———
93 %c
—7
37'yao
7-1
(increased
preferred
6-15
5- 6'
$1.58%
quar.)———;—440c
4$1.75
Assn. (s-a)—
.' 75c
Schenley Distillers Corp. (quar.)
5Qc
Scott Paper, $4.50 preferred (quar.)
$Ll2y^
5-31
5- 6
'•7 '
S. & W. Fine Foods, Inez
(quar.).—^7725c
St. Lawrence Flour Mills—
>
5-31
;,i$l
7- 1
$1.75
6% preferred (irreg.)
Rose's 5 10- & 25c Stores, Inc. (quar.).——
Ruppert (Jacob), common—-7————
4%%' preferred (quar.)
4-17
4-19
5-15
$1"
6O0
Rolland Paper Co.,
8-1
11- 1.
,.■5^1
5-25
30c
35c
Light & Power (quar.)———
Ltd., common (quar.)—
Rockland
5- 1
•7 6-10
--
Co.
5-31
425c
Products.
4-24
4-30
"
5
.
Cement Co.,
5-15
6-20
v:'
6-28
(quar.)
Metal
8-14
v
5-15vf
6-28
—
—-——
50c
(quar.)
common__
Insurance
50c
6-20
4-15
$1.25
—
—
Riverside
6-10
5-I5;..;
5-15
35o
quar.)
Public Service—
Island
Rieke
•
5-15
6-15
6-15
im
quar.)
5- 1
5-10
6-15
$2
50C
——•
15c
$4 preferred' (quar.)—__
Corp.,
■
Quarterly
Rich's, Inc.
5-15
5-15
-
———
5-15
4-20
6-10
-*A
5-15 "
6-15 ^
50C
».
(Del.)—
6-1
'
;
$1.75
Co
50c
250
4-15
$1.75
Richmond
1
:
5-15
c
—
4-18
!
8 '
4-15
$1.25
mm
Co.—
1
^450C;
5-
$1.25
(quar.)
-
$4 preferred
Extra
1
5-15
:
5-
.
1
1
45c
$1.75
.
4-11'
5-
5-
■;
58y3c
4-18
1
•4-20
1
of Indiana— \
1
5-
4-20
1
5-
50c
5-
.
1
5-
41>/4C
(monthly),.;
(monthly)
(monthly)
.$4 preferred
Oliver
$1.75
(quar.)
com.
50c
$1.25
5•
90c
$5c
5- 1
5-
t ■'
4-13
50c
4-13
—
Insurance) Co.
Oliver
$1.50
;
4-23
4-15
'
$1.75
$$1.50
1
97 %c
-■.'•
4-30
$1.50
5-
5- 6
'
4-15
'v4-35
;.
:.6-15
7
$1.18%
—
4-20
1
4-
Rhode
.
Co
5-
i
—
—
5-15
5-15
20c
:7-V 4-30
5-15
Common
1-21
S3 Va c
—
7i 4-30
i 10c
.
quar.)
(quar.)$2 preferred (quar.)_
Rice-Stix Dry Goods Co.-—
7% 1st preferred (quar.)....>~~—
7% 1st preferred (quar.)
7% 2nd preferred (quar.)
7% 2nd preferred (quar.)
(quar.;
1
9-14
5- I
Class
-
1
25c
4-15
1-31*47
4-18
•■••4-
462 y2c
Class
$1.50
10-
<;•:
1
$1
—
•./ -s-
$1.50
»
10-22
••
5-
10c
$3 preferred (quar.)—
Reading Company (quar.)
Reed (C. A.) Co., $2 preferred A (quar.)—
Read Prentice Corp
Republic Drill & Tool Co., 6% pfd. (quar.)_
Republic Investors Fund, Inc., com. (irreg.)
6% preferred A (quar.)
6% preferred B (quar.)
1
Reynolds (R. J. Tobacco—
4-20
1
10-30
5-24
1007o
—
4-20
'
1%C<
7j
12%%
;
41%c
(Colorado),
Electric
.6-15
,9-14 '
5 %
4-15
4-20
held——.—..————
mm
Extra
4-15*
2C
—.
(initial)
pfd.
5-10*
75c
Western
Shoe
1
1
—
7-1
Northwest
5-
8%c
preferred A
Reliance Mfg. Co., 3V2% conv. pfd. (initial)
Randall Co., class A (quar.)
.Raymond Concrete Pile Co., com. (quar.)
/%io
6-10
35c
,
5-
preferred (monthly) —
(quar.)-.«~—.
preferred--; (quar.)....—
preferred (monthly)
preferred
:
Co.—
Co., Ltd., common
Co. (quar.)
Ltd
67*
6- V •.
6-10
$1.06
4-15
$1.75
,
——;
Railway & Light Securities Co.
6-15:
1.
10-1
5- 1
Radio-Keith-Orpheum; common (initial):
Common —:—.———„—
4-15
5-
i^'1
^4-10
10-12
Purity Flour Mills, Ltd., preferred (quar.)
Quaker Oats Co.. 6% preferred
(quar.)_^—
Quebec'Power.Co. (quar.),———
4-30
5-1
(accum )
Mines,
Co.
r,-
1
1
5-
90c
preferred
Ltd. Amer. Shrs.—
preferred (quar.)
Puget Sound Power & Light
4-20
1
:>
$1
preferred
-
8%
5-
-v
7v 5-
50O7
7%
4-15
6-1
5-15
&
5-1
4-15
5-1
$1.12%
•»
5-15
4-30
35C
Gamble
>^5c
•'
5- I
7c
7%
12-28
2C
Fibre
Northeastern Water,
;5-»15^
$1.06'A
$1,567
6
-
1-15
50c "7-5-.1
^
•5^1:
^5-21
$5
•
$i-to
—iu
1
1
■
-——
Public
...—...—
River
1
;
9-79
-
Nunn-Bush
(quar.)
6-
8
,
(increased
quar.)
5%
preferred
(quar.)
Public .Service Corp. of New Jersey
5% * preferred (quar,)
9-28
$0.2968
Northern Illinois
30c
4-10
Common
.
6-20
6c
$1.50 convertible preferred (quax.)—7^
Northern Indiana Transit (quar.)~———-
,
6- 1
Ry., adj. pfd. (quar.)—
$1
North American Car Corp.
30c
(quar.)
North American Investment Corp.-—
7-6% preferred (accum.
$1>50
5 VzVc- preferred
(accjim.)——---i-——$1.37-'%
;8-2I
:
6-
15 c
,
•
1
$1
(quar.)
Brake
.
■
4-1.6
$2
——
preferred
6-28
Hundred
Electric
Norfolk
4-30i Thjn 4—20
y
4-20
(initial)
.Class.A
11-22
;
6-10
8-15
5-
25C
1st pfd. (accum.)
Corp., class A (quar,).—
(quar.
Class A
(quar.)_.
Niagara Lower Arch Bridge (quar.)
8-23
5-15
0- 1
25c
"200
conv.
Nineteen
5-24
$2
(quar.)
1
—.
(initial
preferred
7%
preferred
Public Service Co,
5-15
56V4C
Niagara Hudson Pwr., 5%
5-15
/ 6- 3
I
.1.
4V*7o
Co.,
Air
5-15
6-
j,.
preferred
Bros.* Inc.—
York
5%
6%
3-15
■
New York Merchandise Co..u—
New "York Power & Light—
3.90%
preferred
(quar.)
4-15
6-1
6-21
6-
New
1C.
$1.50
preferred
(quar.)...
New Process Co., common.
7% preferred (quar,).—
4-25
6-10
"20c
5-
5-10
(quar.)L.—.^—.————
each
Public Service
$1.50
;.
—
Fabrics
5-15
,7: 450c
4-12
75c
Proprietary
6%
7% pfd. A (quar.).,
preferred
(quar.)
B
prior
6-3
Bros.
Procter &
^
'
—
S7o
11-26
50C;
Co.,
National Tea
12- 2
1
...
Class
5-27
8-27
25o
—
5-13
$1.06 V*
20C
(quar.).,...........
preferred
Price
.
$1.50
ul
Products
67c
6-1
25C ;
10c
v
4-30
*
4-25
35c
_—
.5-27
4-22
$1.50
5-25
6-
6
$2
pfd—
Mining Co.—
7%"
4-26
6-
,y^;
preferredcom. (quar.)
(quar.)
7-13
1
4-16
.
9-3
I ^ IC
Products
1
v
(quar.)
Corp., common (quar.)
preferred (quar.)———
5- 1
-
Dairy
1
$1.75,
A
Co.—
Gas & Coke, 7%
pfd.
6%
preferred (accum.)
Potomac Edison, 3.607o
(initial
6% preferred
4-13
$1
43A7o
Gas,(Del.),
preferred
National Lead
4-15
$1
(quar.)_
(Phila.) (s-a)_
common
class
(quar.).i.
preferred
tional for
Polaris
6- 1
$1
15c
z
5-15
4-30
81
(quar.)
Corp.,
National Food
6-10
20c
Light, $6 pfd.
(quar.)_
'
5-10
4-11
40c
.—
5-
88c
5-31
6-15
(s-a)
Pittsburgh Finance Building Corp. (initial)—
Pleasant Valley Wine
Plomb Tool Co.
(stock dividend)
Plough, Inc.
(stock dividend).
One addi-
;
5-10
6-
5-
Co.,
Quarterly
Quarterly
5-15
..
50c
Bancorporation Initial Stock
5-10'
Development
(quar.)—.
National Distillers Products Corp.—
Increased .quarterly
National Electric Welding (quar.)
4-15
$1.10
—
assachusetts
4Ya7e
4- 5
$1.10
(quar.)__
(quar.)—_.
4-15
5-
$3
Portland
National Paper & Type Co.—
57c preferred (s-a)_;
National Pumps Corp.—
87Vie.
(monthly)
';
4-20
7
1
75c
V
'Quarterly'
America—~
of
National Mallinson
5c
Co., 4'/4% pfd.,A (quar.)_,—
adison Gas & Electric, 6V2% preferred—
aple Leaf Milling, Ltd.; (Initial)———
arathon Corp,
&
6-
$1.75
4-15*
30c
(R. H.)
Field
Casket
National
7- 5
;
5-15
30c
—_
asonite
4-30
5-31
72c
preferred (quar.).„_—.—Corporation, new common (initial)--
partic.
6-
50C
—
National Cylinder
4-23
5- 6
-50o
4-29
5-
40c
(quar.)
:
4-15
$1.75
4-13
^
/•/;/! $1
i
Pioneer Petroleum, prior
pfd. (quar.)
Pittsburgh Bessemer & Lake Erie RR.
S'1-
5- 1
-
Metal Products, Inc,—
7c partic. preferred (quar.)—
Fully
•
4-15
$1.75
8-
;
47a7o
arshall
55-
$2
(quar.).
75c
(quar.)
Co.,
.'
| 5-31
75c
(quar.)
25c
2nd preferred
Insurance
6-15
5-27
$2
&
5-
—
^
30c
Phillips-Jones Corp., 7%
Pinchin Johnson &
Co.,
Final
———I
5-27
$1.50
(quar.)
60c
:
Co.
5-27
■
$2.25
—
(quar.)__
—
preferred
National
y 4-15
1
$2
RR.
Mining
50c
——
yon
arine
1
6-
6-15
Luzerne City Gas & Electric—
Macy
5-
5-1
25c
(quar.)
Nashville
Oil
$1.12Vz
—;—
Louisiana
,
$1 3-10-47 2-24-47
Theaters
1
;
25c
—
Taylor, 8V0
1
1
Inc., common.—.—
National Chemical & Manufacturing Co.—
Quarterly
7-15
$1.10
——
common
—
(quar.)
National
6-14 1
8-15
30ft
Ltd.;
preferred
3.60%
1
37 '/2c
(quar.)_—
&
,
4-22
5-10
1
75c
guaranteed
Louisville
6
1
8-
50c;
50o !
Extra
ynch
7-
30c
(quar.)
guaranteed (quar.)—
Groceterias, Inc. (quar.)_
&
I
81c
.
4-20
Co
preferred
4%
'
preferred (quar.)
6% preferred (quar.).
Narragansett Electric, 4Va7o pfd. (quar.)..
Nathan Strauss-Duparquet
(irreg.)
Nation-Wide Securities Co. (Colo.), Series B
National Battery Co.
(Fort
(quar.)
^preferred
6-
6-
$1.
$1.50
$1.10
(quar.)_
—_
<5-8
,
6-
;
25c
Co
Loew's Boston
Lord
1
5- 1
(irreg,).—-—-
guaranteed
5-25
$1
67c
6-
11-15
.
Lock Joint Pipe Co.,
87o
4-20
4-15
4-15
4-29
25o
—
Special
blaw
;
5-21 '
56y4C
—.
guaranteed
Diablo
6%
4-11
$3
(quar.)^.-
Original- capital
Original capital
Original capital
6-10
$1.06
(s-a)
Mutual Chemical Co.
4-20
6-12.
25c
—
Co.,
-
5- 1
75c
(quar.)—————
3VzVc
6-20
5- 1*
$1.75
Miries. (quar.)———————
RR.
5-1
6-
•:;
Munising Paper, 5% 1st preferred (quar.)„
Murphy (G. C.) Co., new common (initial).
Muskegon Motor Specialties Co.—
•:.$2; class a (quar.)^.^.^—
-
(quar..)-.:.—-——:—75c
Carbonic,
A
National Container
—
Special
12- 2
$1.75
Aircraft Products Corp. (quar.)
Liggett & Myers Tobacco, common (quar.)—
Match
$7
.
9-20
12-23
$1.50
(quar )..
••
5-15
Participating preferred
Philip Morris & Co.—
4-15
$2.25
pfd.
Power
preferred
preferred
.
3-20
4-30
Liberty
Special
Special
10- 1
50c
Stores Corp., 4Vz%
pfd. (quar.)—
Libbey-Owens-Ford Glass
Libby McNeil & Libby (increased)—
Little Miami
4-15
-
'6-1
BOO
■
$7
^ 4-15
_
5-20
(s-a)—
4-30
75c
(quar.)——
$1.10
Pennsylvania Power Co., 4xk7o pfd. (quar.).
$1.06%
Pere Marquette Ry, Co.—
5% prior preferred (accum.;
$1.25
Philadelphia Co., 67o preferred (s-a) ———
$1.50
Philadelphia Electric, 4.4% pfd. (quar.)—
$1.10
"
MulIinB Manufacturing—
$7 preferred (quar.)
40c
Lerner
Liquid
preferred
Co.;
40c
—
Co.
1
—
5- ."1- -4-26
7- I
$1.50
.
Lion
1
5-20
——
Petroleum Co.
,
4-15
-
1
—
4-9
6- 1
$1.12y2
—
Link-Belt
::•
34%c
Machine-,—
Inc., $4.50 conv. pfdLebanon Valley Gas, 67c pfd. (quar.)
Lee Rubber & Tire (quar.)_
i;—-—
Lehigh Portland Cement (quar.)
Lincoln
5-
4c
(R. G.)
Wayne (Indiana)^
"Quarterly Quarterly ——
5-
$1
4-30
13'/2c
Insurance
■
4-15
1
5-
—
Mount
25c
common
Life
5-
—
(quar.)
6-18
4
$2c
common
National
C
5-11
8c
Monotype
Lincoln
6 7o
4-15
5-1
25c
com.—
6-28
$20
-—-
4-30
4-30
5-15
$1C
Penman's,
4-15
■
4-17
5- t
isiv
—
common
(quar.)
.' Pennsylvania Electric
4.40 7o
preferred B
4-15
1
—
5-
25c
Gold
1
5-
$1.50
5-1
4- 0
'
Increased
5-
■" 4- 9";
Common
Le Tourneau
4-30
25c
$1.75
$1.50
5-15
25c
Lane Bryant, Inc., 4J/2% preferred
Lansing Company (quar.)
4-15
;
5-15
5-15
31'AC ; is.
Peabody Coal Co., 67o preferred (accum.)
Casualty Co., common (s-a)-.....
5
$1.75
5-15
5-20
.
37%c
Peerless
6
8-
1
4-15'
32 %c
6% preferred (s-a).—
Peninsular Telephone, $1.40
5-
(quarj-i-j.!,—
Morris Plan Insurance Society (quar.)—
Quarterly
Quarterly "
4-20
—
Common
Class R
4-12
4-20
1
25c
H.) Inc., $6 preferred
1
8-15
5-
1
Interim.
4-30
5-15
Guaranteed • (s-a)
Morris Plan Bank -(Cleveland)
5- I
$1
(quar.)
67a 1st preferred (quar.)—;
77c 2nd preferred (quar.)
Kroger Grocery & Baking Co.—
7% 2nd preferred (quar.)
Lamaque Gold Mines (interim)
Lanston
12-
10c
Morrell (John) & Co. (quar.)
Morris & Essex Extension RR. Co.—
4-30
(quar.)
Co.,
4-15
20c
Kioehler Manufacturing Co.—
4%%
preferred (quar.)
(M.
5
5-15
4-15
5-
$2.50
Inc.
&
1
v v'-
Paymaster Consolidated Mines, Ltd.—
6-17
'$1.50
4-17
87%c
.
Landls Machine
.12-
15c
il5c
$1.37ya
preferred
(quar.)
Kokomo Water Works; 6%
pfd. (quar.L.—
Kresge (S. S.) Company (increased)
Kress (S. H.) &
Company (quar.)_
Laraston
1\
'
15c
Stores, Inc.; common
Kroger Company,
1
;
Davis
5-20
5-10
5-
343/eC
343/8c
.
(s-a)
Tilford,
5-25
5-17
;
$1.25
(quar.)..
Passaic & Delaware Extension
RR. Co.
69-
6- 5
'
4-11
5-
5c
(quar.)
—-
Kobacker
1
25c
—
40c
u
Extra
12-
Parke
6-17
ii-
20c
—
Knickerbocker Fund
5
&
4-29
Co.—
Manufacturing Co.,
preferred
Park
1
$1.75
—
—
Co., $6 preferred
Moody's Investors Service—
$3 partic. preferred (quar.)
$1-25
(Brooklyn)
Mining (s-a)
(quar.)
Co.
9-
57c
,
"
_
com—
Co.
Gold
(D.
5
$2.43 y2
•$25C
common
1
$1
(quar.)
Kinga County Trust
5-
2c
Kennedy's, Inc., common (irreg.)—:
Kentucky Util. Co., 7% Junior pfd. (quar.)
Kirigan '& Company, $4 preferred (quar.)„
Kirkland
"
:v
1
5
$2.08%
—
5- 1
87%C
(s-a)
Co.,
5-1
•
$1.06'A
W. Battery Co. (quar.)
Kalamazoo Stove & Furnace (quar.)
City Fire*# Marine Ins. (Mo.)——
Kawneer Company (increased
quar.)—
&
v
(quar.)—
(quar.)
Pacolet
*
9-
•
30c
64.50 preferred B (s-a)
$4 preferred C (s-a)
4-15
quar.)
K.
ftellogg Switchboard
preferred
Montana
Royalty Co., Inc.
6-
12-
30c
Cement
preferred
4-19
25c
.—-
•
4-19
6- 5
'
•
Portland
$1.30
1
5-15
$1.25
—
6 V2 7o
preferred
(accum.)...—
Pacific Public Service Co,—
;
30c ■;r9-
(quar.)
prior pref.
1
:
;—
-
$4.50
.
4-15
Kansas
Leitch
4-17
<4-30
l4% 2nd preferred Series A
(quar.)
Klein
V
62y2c
.
Inc., 4y2% preferred (quar.)
Johns-Manvillc Corp., 3'/a%
pfd. (quar.)—
Johnson & Johnson—T
37a
1
15c
(quar.)—
Jewel Tea Co.,
Ranch
5-
25c
25c
$6 1st preferred (quar.)—
Monongahela Power Co., 4.47c
Knitting Mills—
Johnson
4-19
Monsanto Chemical Co.—
(quar.)
(resumed)
5% preferred
(Increased
1
.''•••
Lighting
(quar.)..—.
Corp.
(quar.).-.,
Pacific
4-30
5-15
4-22
15C
Products
preferred
Pacific
:
i-v, 5- 1
California—
preferred
57c
i
50c
_____
:
4-10
5-15
Minneapolis St St. Louis Railway Co.
Mississippi Power & Light * Co.—
.
(Providence)—
Common
1
5-15
_——
6-1
(quar.)
,$2.50 partic. preferred
4-10 '
:c
;iv 7- 8
$1
of
Minneapolis-Honeywell Regulator Co.,
4 7opreferred^; (quar.)
47o preferred D (quar.)„
(quar.)
Jantzen
5-
25c
Bakeries,
4-10
1
" 37 %c
>
(quar.)
common
77a
1
15c
$6 preferred (accum.)
6% preferred (accum.)
Mid-Continent Petroleum
4-1
-.
'Common
Jacobs
$1.25
Michigan Gas & Electric Co.^
1% prior lien (quar.)——
$6 prior lien (quar.)—,
;
•Common
Shoe
5-
94c
Extra
non-cum.
5-. I '••
(quar.)—
Stores,
(monthly).-w——-
1
1 •■•'
5-
75c
——
(quar.)—.,-—
(quar.).
preferred
5-
25c
(quar.)
4y2%
(quar.)—
Corp.,
1
20C
(quar.)
7 7o' preferfed (quar.)
4-15
5-
5-
$1.75
,
Clay
1
5-15
7-
$1.25
Co., $5 1st preferred
Pacific Finance Corp., Calif. (Del.)—
57o preferred (quar.).
Pacific Gas & Electric, 6 7o
pfd. (quar.)
5V2 7o
preferred
(quar.) __J__
4-17
6-
ol Rec.
1
5-
7
$1
Pacific Coast
..
7-
$$1.25
-
—
Securities Co. (irreg.)—
Owens-Illinois Glass Co...
Pacific
8-30
-
...
(quar.)
(irreg.)
Co.
Ox Fibre Brush Co.
v
5-29
;
8-31
:v"'5-1
(quar.)—.^,---.-^*^—
$1
'•
4-19:
6- 1
25C
(quar.)
Ironrite Ironer
Co., 55c conv. pfd.
Investors Trust Co.
5-31
•
(quar.)%
$15c
Overseas
.
Holaere
Payable
•
'
]:■'*
4-15
$55 %c
(quar.)—___—
Michigan
4-19
Ltd.—
(quar.)
4-15
:
When
Share
preferred
Outlet
; ;
.
11-29
•*:.
Co;, Tnc./ 4'/a % pfd—_——
5% preferred
——-w—
.Mercury Mills, Ltd. (increased)
Messenger Corporation
:
4-30
1
5-1
$1.75
—
.-1.5- 1
.>■•5- 1
11-30
-
Merck &
3-28
5-
25c
77-
57c
5-17
43 %c
(quar.)
preferred
Mercantile
r
4-30
6-1/
7
'
—
Common
,4-15
'
"■
"
.
Light Heat & Power, Ltd.—
———
preferred
67a
4-15
-
4-30
20C
40C
Ottawa
5-15
1
1
m 25c
67o
4-25
1
6- 1
$1.12%
—
I
6-
43 %0
—
—
5%; preferred
"
•
—
65-
$1.50
(quar.)——
6% '
-77
5-20 7 ■'75-.1*7
7- 9 !:
4-26 •'
7
Shoe
Co.
5%v preferred
5%
preferred
4-15
5-20
5-
$1
250
5-15
50c
tn~
50c
(quar.)
1
6-
.
433AC
7o
preferred (quar.)
Mercantile' Acceptance Corp.
-
4-25 IA.
4-30
40c
Fiank
4-15
7
1
5-
&
Melville
'
intertype Corporation
Iron Fireman
Manufacturing Co.—
(John)
pfd.
(quar.)—
4-15
1
5-
"
Name of Company
-
3-29
75c
v
(quar.)
preferred
Meier
9-20
5-
30c
<1#* preferred ($5 par)
(quafc)^-i——
International Resisting Co.—
/ '
Irving
preferred
5 7c preferred
Meadville Telephone Co.
1
12-20
$1
Per
<
,
of Ree.>
■
4-20
,,93%c
.
—
McLellan Stores Co., common
V Extra
5%
preferred (quar.)
mmy
6-29
20c
Canada,
(quar.)
par)
Common
(quar.)—-—
McGraw Electric Co. (quar.)
Mclntyre Porcupine Mines, Ltd.
1
(quar.)_—
convertible
5-
'
—~——-
'6%■
7%
4-20
9-30
'50c,
Group shares
Corp.,' common (quar.)
preferred
Corp.
McClatchy Newspapers, 7%
>
/
12-30
500
International Detrola Corp.
(quar.)
International Harvester Co.—
7%' preferred (quar.)
International Nickel Co. of
T7e
1
1'75-15
$1.33
"
shares
preferred
:
-
"
Bond'
Intercliemical
50c
McCali
4-15
5-
$1.25
*
Imperial Chemical
Industries, Ltd.
Incorporated Investors.
Institutional Securities/ Ltd.—
Stock
(increased)—
4-30
5-22
7
$1.25
1st
Zinc
22c
May McEwen Kaiser Co.-(increased quar.)-.
Maytag Co., $3 preferred (accum.)——
$6 1st preferred (quar.)_
5-17
"$1.25
>
——
preferred (s-a)_
$1 2d:pfd. (this
payment clears all arrears)
$l-2nd preferred
(s-a)——.——---r—rHygrade Food Products——
Idaho Power
Co., common (quar.)
4%* preferred
(quar.)_
Illinois
4-23
6-
56'Ac
(quar.)
Hoiaert
Payable
>.
'
■•7 15c
(quar.)—
When
Per
Share
(irreg.)——
S>. "1%
ll
15c
common
5%, preferred
7•'■
—
(quar.)
Sash & Door Co.—
'5%' preferred
'5%' preferred
v;
4-23
v
15c
*'V;'-v
*/;1'
)Name 0/ Company
•
May Department Stores, com.
$3.75 preferred (quar.)—1
V? 4-11
5-1
$1.50
preferred
Huttig
1
5- 6
$1
10c-par value stock
Hussmann-Ligonier
4-15
5- a
-
——.——
7:7 v
Massachusetts Investors Trust
3'i
5-1
—-
6% preferred
(quar.)
Hunt Foods, 6%
preferred
Huron Holding Corp.—-
...
5-29
•
r 256
;
Hormel XGeorge A.) &
Co., common (quar.)
50c
67o\preferred (quar.)
—:—'v $1.50
Hb'nv & Hardart Co. (N.
Y.) (quar.)
40c
Home (Joseph)
Co., common____
25c
£%• preferred
(quar.^r^«_i-i--~—$1.50
Hotel Barbiion, Inc.
(quar.)__—
$2
Houston Lighting & Power Co.—
$4 "preferred
(quar.)-——
Humrhel-RosS Fibre Corp.—
0/ Rec
"*
'
$1>06%
Inc
;''.'i ?■
Holder«
When
Payable^
40c"
5-
1
5-
1
4-16
5-10
4-30
4-16
////
illoi-
Monday, April 29, 1946
THE COMMERCIAL & FINANCIAL CHRONICLE
2336
I'C
Silver
Slater
<JN.)
.Smith
Co.
5-10
6-15
Aircraft,
Soundview
90e
Pulp
coav.
ac
uyia
Yvaoer
5-25
5-23
I? 5-1S
'5-15
/ 7-15
10c
5-20
4-30 /
6-10
5-18
'
$1.60
Dredgug
1
Stoxer
(A.)
6c
/.5-
—
-
6
5-
6-15
6
U.
5-31
6-
50c
.•"/
1
6-
Pipe & Foundry
5-10
100%
*
.
5-
37 VaC
__
4-25
1
4-15*
6-20
5-31*
.
,
(quar.) •
(quar.)
Common
!;vCommon
$1,50
5-15
4-16 /
5-15
4-16
1
4-15
.V
■
'
75c
5-
6-12
$1.12'/a
5-15
^
5-
>■■
4-is:
.
30c
>
5-
1
5-
1
31V4C
*
75c
■iy
2-
(quar.)—:
Brake
Paper Co., Ltd.
$1.25
5-i5
8-15
8-
:-'v $1.23
—--r-
11-15
11-
2- 15-47
5-
2-
6-15
25c
5-15
1
4-15
—
•.
5-
f25c
(s-a)—
Products—
j;
5- 1
S33AC
(quar,)
$1.37 Va "
$1 '
pld. (quar.) —
Wheeling & Lake Erie, 5Va%
prior lien (quar,)—
4%
8-
11-
11-15
1 $1.25
.
(quar.
preferred
$3.75
8-15
/:
75C 2- 15-47
(quar.)——,—-
k
4-15]
•:? 5-1
$1.25
$5 preferred A (quar.)-————
Westvaco Chlorine
■
75c
:
'
'
5-15
4
1——~-
X
4-16
5-1
;;
75c
—1,-———w.—
•Common:;- (quar.)
Westminster
4-30
25c
'
preferred A
$5 preferred A
$5 preferred A
Westinghouse Air
5-15«
1
6-
■?:, $1.75
Light & Telephone, 5% pfd. (quar,)
Pacific RR. Co., common (quar.) —
Western
;
4-15
5- X
■
10c'
—
4-25
/
'
.
—
(quar.)
Electric ..Co****
6% preferred (quar.)—>_-»—————
1%, preferred (quar.)
—
West Point Mfg. Co. (quar.)—————
West Virginia Coal & Coke Corp
—;
West Virginia Pulp & Paper Co.—
4Va% preferred- (quar.
Westchester Fire Insurance Co. (quar.)——
$5
./
——;
;
-
Quarterly
Two for
y/,;. ,p
(quar.)
5- 1
40c
9-20 t % 8-31*
40c
12-20
11-30*
U. S. Potash Company
50c
6-15 '■/ 6- 1
U, S. Rubber Co., 8%, 1st pfd. (quar.)——
$2
6-10
5-20
United Stores Corp., $6 pfd. (accum.)
$2
5- 6
4-19
Universal Laboratories, Inc. (initial quar.)—
25c
6-17
6- 3
/Quarterly
-4———-4^——25c
r 9-16 V: 9- 3 '■
:
Quarterly
;
4
"■
25c / 12-16 /12- 2
Universal Leaf Tobacco Co., com. (quar.)—
$1 ^
5- 1
4-ti
Universal
Pictures,
common
(quar.).
50c
4-30
4-15
4JA%
preferred
(quar.)
$1.06'A
6- 1
5-15
Upper Michigan Power & Light—
''
:; $3 preferred (quar.)——————.
75c
^ 7- 1
- ,6-28 f't
$3 preferred (quar.)
—
75c
10- 1
9-28.
4 $3 preferred (quar,)——4——44-,4—i—
t75c4 1-1-47/ 12-29J
Utah Power & Light Co, (Initial) —30c
5-1
4-lfl
Utica Knitting Co.—
5% prior preferred (quar.)*——.
—
62VaC
7- X
6-20
5% prior preferred (quar.)—
—62!/aO
10- 1
9-20 >
Utility Equities Corp.—
$5.50 prior preferred (accum.) >———
$1.25
6- 1
5-15
Vapor Car Heating Co., Inc.—
7%
preferred
(quar.)..
———$1.75
6-10
6-1
7% preferred (quar.)
——
$1.75
9-10
9-1
7%
preferred
(quar.)——————
$U5
12-10
12-/1, ;
Virginian Railway, 6% preferred (quar.)—
37%c
6- 1
\4-45
6% preferred (quar.)
37%o
8- 1
7-X5
Visking Corp., class A (monthly)
13V4C
5-15
5-10
Class B (monthly)...
— /
13%o
> 5-13
5-10
Class A (monthly)—
13 Vic
6-15
6-10
Class B (monthly)
13V4C
6-15
6-10
Waite Amulet Mines, Ltd
$15c
6-10
5-10
Walker (Hiram) Gooderham & Worts—
'
•
"
Common
(quar.) .^.—4.
;^4-——...
t$l'
6-15
5-10
$1
preferred
(quar.)...—.
t25c
6-15
6-10
Walker Manufacturing Co.' of Wisconsin¬
's preferred
75c
5-1
4-20
Warren Brothers/ class A (quar.)
^
•
333Ac
6- 1
4-16 ;
Class B
(quar.)
4
*
—
62M»o
..5-1
4-16
Washington Gas Lights common (quar.)—— :
37Vac
5-1
4-15 $4.25 preferred (quar.)..
...
$1.06'A
5- 1
4-15
$4.50 preferred (quar.)
—
$1.12Va
5- 1
4-15
Washington Railway & Electric Co.—
5% preferred (quar,)
—
—./, $1,25
6- 1
5-15
.5%' preferred (semi-annual)———
$2,50
6- 1
5-13
Wayne Knitting Mills, common (increased)
$1" '0- X
5-15
6%
preferred (s-a)
...
$1.50
7- 1
6-15
Wellington Mills, Inc., 6% pfd. (s-a).
—
$3
5-1
4-24
Wentworth Manufacturing Co., com. (quar.)
12VaC
5-22"
5-1
$1 conv, preferred
(quar.)....
—
25c
5-13
5-1
5-20
1
—/ / '
-
Quarterly
40c
(quar.)
S.
50c
40c
Extra
:
:
433AC
West: Penn
Western
0/ Rec.
Payable
17i/ac
pfd.. (quar.)'/
West Michigan Steel Fdy., 7%
/' $1.75
convertible preierred
.
-
.5-15
$1.12%
-
-
,
.
mn^end).
one
split-up
Sterling, inc., $i.o0' c«u,p;d.
Strawbiidge & Clothier—
-
4-19
7-n ;
5-15
*
20c
(quar.)
(quart j
luvoca
■
40c
/•/••
:
pre^ived
Co.
co.
'
vorp.—.
conveuxo.e
Standard
Stein
45c
preferred-(quar.)
$4.50
-
4-20
35C
.
Brands,
5-15
Sv'VS- 8/,;V
U9c
"•V
iquar.,;../
eo.
Extra
Standard
5-i5;
37 %c
—-
Southam, Coif Ltd<(
Liie: luuiua.no* > (quar,)
Sovereign Investors i quai\>
!
Spencer Kellogg &, Sons u«ar.)_
Standard
5-31
10c
.W
Southwestern
Stamford
4-30
'
hutuum-—
t
Southern California Edison Co., Ltd,—
Quarterly
///
5-15
$1.50
American
,
/
30c
iquar.)—|iw;
oo.,. ejrrmioa
4-10
,
/'"•
22 '/aC
tquar.)
ij,w.
1
•
4-23
7-20
$29c
preferred;'
;■
South
/. 5-
V
'
•-
,
5-15
;/
J30e
—
j_id.—•
(iuitiali
.
:
Lighjt & Railways Co. (Del.), com.—
25c
5- 7
4-23
J 6Vo prior ^preferred (monthlyr.-i' 50c.; ,v, 5-1. ^.4-23-^.
; 6% prior preferred (mohtliiy)---./
1—50cf
6- 1
t, 5-15^
; 6%' prior preferred (monthly)
50o
'7-1
6-15/v
6.36'/o
prior preferred (monthly): 53c
' 5« l'1' ,4-23,
6.36% prior preferred
(monthly)^
53c
6-1
5-15
6.36% prior preferred (monthly)
53c
7- 1 1 6-15 \
7% prior preferred (monthly)
—
;'58%c i ; 5- X
4-23 /
7% prior preferred (monthly)^/.-,—,-,.d—
'58 y30
6- 1
5-15
7% prior preferred (monthly)-4-/
58%c /
7- 1
.
6-15 ;
United New Jersey RR. & Canal'(quar.)
$2.50'f - 7-10
6-20
U. S. Air Conditioner, $7 preferred (quar.)-/ : $1.75
5- 1
4-15
$7 preferred (quar.)
$li75 L 8* X'
7-15
U. S. Fire Insurance Co. (quar.) ——M—— '
60c
6- X
4-15
U, S. Hoffman Machinery (increased)
—
75c
6- 1
5-17
'5Va% convertible preferred (quar.)683Ac
5-1
4-19
U. S. Industrial Chemical (quar.)—4—— "
25c
5- 1
•
4-15*
Holdera
per*»~,~"Whtn
Share
Name of Company
oi Rec.
United
/4-18
4 %•
registered-!
oiwary
taper Sum.s,
preferred
Solar
■;■,//■
tQuar.;
(Howara)
4%
6%
5c
(quar.),;.— f$1.12Va
Precision.....,/!/
Simpson's, Ltd!, 4Va% preferred
i^u.
Payable
Share
"
Creek
Singer Mig. Co.,
of Comjiant
J»^^«v4i■ W'
V
?Holder*"
oiM
oi Re0.
Payable
Share
Aomc u; L'o/«pu«t
Holders
When
1$
rer
f
5« 1
6- X
t
.
'
6%
prior preitrred (quar.)
Suburban
er
Eiecti'ie'
preferred
$4
—
6 %
preferred
://.!'
:
;
pfd.
A
$1
(quar.)-...
5-
4-15
$1.12 Ma
y 5-
4-10
"/■■■' 30c
Class
y 5-
4-27.
5-
Unical)
Inc.
<•
$1
Super., Mold -Corp. .t taL H t quar.Sylvanite Gold Mines, ^ti., com.
-•^v 50c
4-18
4-25
3-30
"$3c '
7-
2
4-26
uquar.,..^^-.^---.....-:-
$3c
7-
2
Tennessee Gas & Tran,uu.>sion-Co., 5% .pfd.
Texas Pacific Coal & u.l (increased s-a)—
>
$1.41%
/■'■'• Common: Bearer
(quar.)—.r
>
•
Thatcher
*
''
Mig. Co., $3,00 pid..(quar.)
Thernioid .Corp:, 5>2.5o -conv. pfd.-(quar.)_i>.
Tilo Rooting Co. (increased quar.)—
„■—>
scToburn
Gold
Mine*,
Tokheim. Oil
90c
South
La
Salle
Street
Corp.
y
preferred
(quar-.).....
Union Storage Co.
United Air
/
United
// '■-'5
.
Extra
of
America,
—a/.——
•
United
1
5-18
5-15
5-10
8-10
11- 9
.5%
•
;
preferreH-
6-20
2
6-10
4-30
$1.25
5-15
4-30
25c
5-10
4-10
25C
5-10
5-
7-1
1
5-17
6-
1
5-17
5-20
$1.10
....
..
6-10
6-
25c
:
,
1
50c
25c
(quar.)
.
,
,
32c
;
4-15
t37c
5-15
4-15
15C
5-
1
4-16
10c
5-
1
4-16
20c.
/,/f
/
,
4-30
4-10
1
6-15
,
iquar.^
(quar.) ———--•——
Brothers^ eommon (hfitlal)i,^-,-,i---preferred
/
Wlnconsin Bankshares Corp,_:
-S.
$5
preferred
5%
Wisconsin Electric Power—
6%
preferred (quar.)———
Wisconsin Public Service, common
——
(quar,)-.-,
5% preferred (quar. )-^.„-—
Wood Alexander & James, Ltd.—
—
7-
$1.25
,
7% 1st preferred (accum.);
Woodall Industries,: Inc.'H-"
5%
(quar.)——
(quar.)—
preferred
convertible
Woolworth (F. W.) Co., common
Extra
■;
.
(monthly)
"Monthly ^S.——
:
'Monthly
—————-i-»
Wyandotte Worsted
Wrigley (Wm.) Jr. Co.
;
■
.
—
4-30
-
7-
—
9-20
5-15
—
•
.
Wilson
........
4-i6:
5-15
„
„.i—.i.
Merchants & Mfrs.—•
v
17 Vac
-
United
1
1
92 Vac
■
'
United Gas Corp.
7-
10-
/ 5-1
___" $1.12 Va
/«,
.common
8-15
20C
Class A. (quar.)——
United Drill & Tool, class A (quar.)._^
Class B
{quar.)
•
3
11-15
62 Vac
v
United Corp., Ltd.>
>.■■.
6-
•
62 %c
>"■
(quar.).
—
Cigar-Wheiau Stores Corp.—
prior preferred; tquar.) ——
$1.25
5-1
25c
15 %. preferred::
*•
5-15
;
(quar.)———-.;..-.*—,
Inc.-,
'
Lines,
Biscuit
5-
250
..._/:..
$5 preferred (quar.*——:—_
Union Oil of Cau.ornia (quar,)..—
.
5-25
4-22
5-15
$1.50
(quar.)!.,—
••//. Union Asbestos & Rubo/ir t quar.)
Union Electric of Mo.,
$3.70 pfd.
44.50
6-15
5-22
25c
pref.>.(quar.)-^
uvc
4-25
25c
>_//■■ ■;■■
Words,
4-30
1
5-
tic
—
Quarterly:,
v
5-15
:
20c
\
I*;:/./:QuarteriV';^///./—-:.-v
208
5-11
25c
(quar.)
•—
Company, common.
■*
$6'lst preferred
Trinity Universal Insurance (Dallas) (quar.)
Quarterly
1,
Tung-Sol Lamp
1
Corp.—
$2 prior preference (quar.)
——.
$4 convertible preference (accum.)——
Wilbur-Suchard Chocolate Co.'—
White Sewing Machine
'
Tank, & .rump Co,
Trane
6-
62 % c
^ i
L„a.—
5-13
50c
-
—
4-27
5-
37M2c
wuar.;
Biscuits,
—
-/"-
•
„•._/
laccum.i
k' Sun Oil Co., 4 Mi'A
////Sun Ray Drug
;
Sunshine
5- 9
1
6-
$1.50
Extra
•
•:
.
———
6% pfd. (Initial quar.)—*—,
Yellow Cab,
County Gas—.
Yuba Consolidated Gold Fields (quar.)—»—York
Zeller's, Ltd., common (increased quat.) —,
6% preferred (quar.)————
preferred (quar.)..u—.
Zenith .Radio Corp—:———a—
Cooperative Mercantile Institution—
Quarterly 1 ———
—
Quarterly ——
Quarterly
;
Zlon's
'
6-15
75c
75c
9-15
75C
12-15
,
Jamaica income tax,
"* Less' 30 %
.
^
^
closed for this dividend;
♦Transfer books not
-
'
\
%
f •»
,
in U. S. funds, less 15% Canadian non-residents' tax.
deductible a.t the source; :Non«
tax 15%; resident tax, 7%. a Less British income tax.
;
tPayable
XPayable in Canadian funds, tax
resident
*
General
Corporation and
)•
J
-
■•?•.
-
•-J,wi*": -.'.j/.
•
y*js:
\
' •
"•*'
••
•'
•'
•Tt.-'- •/.'
(Continued from
///'>
•*.
>••• '
Dividends payable' —
Long-term debt (current)_4
,.-3-
■ •-
Loans
J* Southern Colorado Power Co.—-Weekly Output—
kwh.,
week
corresponding
iasc
year,
an
April 20, 1946,
2,038,000 / kwh, for: the
with
compared
as
debt
and
and
purchase
advances—U.
for
Reserves
//'Electric output of this company for the weelc ended
2,084,000
4
money
S.
Govt,
4,386,021
55,050
...i-.
Loans, and, advs. to I). S.~ Govt,, aggpcles (curr.).... ,5,436,113
Interest, taxes "and misci accruals, incl, prov.
for U. S. Federal Income tax
..^.—44
10,973,774
-.-rj
page 2300)
Funded
totaled
29,484,494 ' 37,003,968
2,992,822 ; 2,992,792 '
Accounts payable /L-
Investment News
■*
V
obligations. 110,475,065
agencies.
645,469
contingencies.—
444...
4,912,590
Common stock (12,928,205 no par shares)..—
71,094,175
Capital surplus
4..—. 160,655,921
Common stock in treasury
(Or)....
10,161,795
Earned surplus
——4-————-4-:
44—4.4: 69,526,566
■,increase of 2.3%:—V. 163, p. 2164.
—
Sinclair Oil Corp.
:
(& Subs.)—-Annual Report-r
CONSOLIDATED XMUOME STATEMENT'FOR CALENDAR YEARS
,
v
'
'
-
1943
1944
■
•Total '.4
1943
*;
"
t:
•
Gross
'
$
j
$
$
lit:
'
i':"'
SAfter deducting, reserves
income:/—.—/_IL 406,310,169 410,369,908 326,899.074 :
operating
;
>
19,460,995
61,706,525
6,440,209
5,000,000
4,743,132
71,094,175
160,655,921
10,161,522
65,853,058
'
' ■■'-'^
■
•>-:'■>
'
'
■
:
.
Net
on
sa.e
excess
deeds
1,781,760
of
1,865,774
1,052,629
securities—
loss
oa
'
profit on sale of capital assetsnon-operaii.ig
1,399,645
621,070
ji^wome (net)__
,
.
State
;
■-/>■./.:/:
:■
''
;//:
J Total Income
74,873,530
end unam-rt. disct.
on
debentures acquired lor skg. fund
purposes and on oebs. redeemed.
Loss" on sale 'of property and misc.
r-charges, (net) *
Write-off of invent-
expense*
Depreciation and
...__
debt
SProvision
to
tiiemeMs
Prov.
"
Mr
/
Netnncoma
Common
*Nd
re-
9,356,185
income
share/.1.:
deemed
necessary
'
$1.30
$2.28
its
for excess profits
tax.
tlncluding
war facilities) of
profits tax.
SAfter
deducting $6,2-0,000 excess accrued for Federal taxes for year 1944
and eliminating
$5,020,000 reserve for contingencies provided in earlier
riac ude»
provision, for Federal
excess
'r.
CONE OLIDATED BALANCE SHEET, DEC. 31'.
,
r
rn1 on^hand
SeriCS
na£R
U
I'
XhL
Othei
Notes
Accts.
—
W
«
securities at cost._;.-_.u-__
M
marketable securities_._.____„_
and accounts receivable (less
reserves)__
and
claims
.panics
Other
and
in
not
————-——_
accounts
receivable
end advances
debt
insurance,
13,550,941
—
;
discount
taxes,
59,921,967
56,343 261
2,353,248
2,267 691
.
,,
and
-
j___—2-1—
*
.
it is not always
reasons
to arrange companies in exact
However, they are always as near
position
as
possible.
alphabetical
alphabetical
,
_
.
w<
Southern Canada Power Co.. Ltd.^Earnings~
1946—6 Mos.-/l945
1946—Month—1945
Periqd End. Mar. 31—
112,847
79,641
;
divs——
73,123
122,691
120,754
"
$5,066
$1,876
Taxes
23_WairSt., New YprK^N. X,
Int.,
have also rbepnf calledvfor redemption' on July 2, next, all of
15-year, 2 Va.^i j debentures dud July 1, 1954, at 101V2
interest,.< Payn^efitj.,FillO')Je madh! at ^thb? Guaranty Trust Co. of
&
depr.
433,535
734,137
573,375
491,244
723,112
$40,238
& maint.._u_
Operating
$1,805,323
$301,339 > $1,863,239
99,068
655,329
$313,727
Gross>earnings
$17,59^
'|ou||^n
the/aT&ev'&hifenfc&tied deSSritures-a^d notes may surrender
case. may
.be.—V.
163,
p.
"2200.. ittor
'r\.
///•;■.■;."
;
/ >:
Pacific RR.—Calls Series A Bonds—
mortgage bonds, series A, due Jan. 1.
redemption on June 13, 1946, at 101 % and|
made at the office of the company,
Broadway, New-York, N. Y. •
■
- 1
Holders desiring to receive orior. to the redemption date payment?
of the full redemption price (Including premium and accrued interest?
-.All
1961,
/
thiwoutstanding
of
first
have been ; called for
Pa^Tnent
interest.
will
f]
be
.
C)
Lines—^Proposes to Capital¬
Southeastern; Greyhound
ize/Part of
An
Surplus- by Increasing Par Value of Shares—
to
Com/ mission for permission to increase the par value from $5 to $10 per
share for the purpose of allowing a portion of the surplus account to
be
6 630 886
to
application
capitalized,
posed
The
456,090,243 440,077,139
/'
has
thus
amendment
been
filed
with
in
the
the
capitalization of
...
'
•
on
the
of
May 2,
1946.
company
which
is
542,818
::
r
■
■
-VlK
163.
may
do so upon presentation
:
••/
:/
.
shares
Gross
shares of
were
out¬
—V.
'
'
/ : ■/
/1946
.
$
earnings
163,
p.
2199.
and surrender of said
2014.
p.
.//'v4/:
>.
1,000,000
■'.id
1946)
13,
Southern Ry.—Gross Earnings— vPeriod—
.'
:
Week End. April 14
*
'/
•
-
■
1945 -/•
•
//■/••/••''
'
•>':;/ •/:/• $/v;//:>/:"■; $ "//>>.•• >
$
•
;
6,938,792 -79,936,611 103,313,230
5,013,478-
r;'\
dy "v:""''
/•/■'•'/ (Continued
T
Jan. 1 to April 14
1946
1945
'
'
on
page
•
"
'i;
> ■■■•■
June
bonds.—V.
additional corporate capital.
A pro¬
of incorporation is being submitted
proxy statement to be voted on at the next
stock at $5 par value,
standing throughout 1945..
f
Commerce
articles
meeting of the stockholders
authorized
common
Interstate
the
providing
to
the stockholders
annual
2,646,839
^
Total
NOTE—For mechanical
possible
order.
outstanding
2vi as< the
828,607
;-:
6,808,358
13,470,625
$0.51
total, $16,851,745..
payable,
$797,955;
unredeemed . tickets,
$610,000; dividends payable, $271,409; accrued Federal and State ;in-»
come
and Federal excess profits taxes, $5,499,805;
accrued general
taxes, $140,135; other current liabilities, $240,759; reserve for injuries
and damages, etc., $145,487; common stock (par value $5>, $2,714,090:
premium on common stock, 3640,835; earned surplus, $5,791,270; total,
$16,851,745.—V. 163, p. 1908,
.theat'ifor/immediate.payment- at anytime arid'receive the full redemp¬
tion" Sprice with, interest to date set for redemption,—May 24 or July
213,268,030 241,573,524
expense—____
royalties,,;etc...-A._i-ri ' ■2,224,925,
$0.63
intangibles—primarily the additional cost (in
of operating properties acquired as entireties over
cost of tangible property, $2,874,500; investments and ad¬
principally in bus terminal companies, at cost, $193,852; pre¬
LIABlHTIESr—Accounts
There
and
19'.128',457
19,537,893
8,461,601
13,470,625
$0.57
profits tax and renegotiation.
rated, paying agentt
23!ll7'698
K>,774'859
diet)—.
7,727,503
13,470,625
special deposits, $14,719; U. S. GOVtr
interline and other accounts receivable (after
of $30,000),' $898,186; materials and sup-*
paid taxes, licenses, insurance, etc., $197,696;
payment date next preceding the date upon which such note matures.
Payment will be made at tne; office of J. P. Morgan & Co.
Incorpo¬
6 090 921
11,041,040
—
fCapital assets
Unamortized
Prepaid
336,031
to controlled com-//
consolidated
investments
,
6,307,478
;://S $3.72
items
$2,482,259;
and securities)
vances
and "interest, iand .allvof - the, Outstanding; ^eria)> notes
1947-1953, at par and interest plus l/10th of 1% for
Jan. "15,
/.. Holders of
1944
51,022,107
13,360,000 13,682,000
25,891,791 // 970,289
from U. S. Govt, agencies
(net)
notes
Investments
rec.
83.796,399
/
1,357,045
$3.50
.
Ne^.York, pay|par,x%geiw)£ HQ;(jBroadw$.i, ¥s«5 York, N. Y.
'
19$45.
m
Inventories
Other
"
'
ASSETS--
cash
original
1,500,000
———r'
.
taxes,
each period of six months from the redemption date to the interest
r
additional depreciation of $3,780,000 on war facil-
&cj>'
732,804
v„u.vV
$3,838,546:
doubtful
$4,266,237),
has called for redemption on May 24, next, all of
20-year 2% % sinking fund debentures due Jan. 15,
company
1961/ at .102
the
ities^t^
$2,017,420
^841,368
at approximate cost, $262,584; postwar refund of excess profits
$553,474; tangible property (after reserves for depreciation of
plies,
-
for Shell
outstanding
due
$1.85
additlona1 depreciation (on $40,134,049
*
income
The
-
ccmmon
share/-,
$5,535,930;
for
reserve
Calls Debentures and: Notes—
—.'15,644,749 .27,337,794 23,083,709 v
11,971,241
9,524,410/ 6,283,801 )
provlsfoh
SI^nAnlL
S4,10C,000:
x 7,973,209
4,593,365
*3,150,000 $14,350,000 *12,300,000
tax..
in cash...
paid in stock (100%
common
per
securities,
Pipe Line Corp. amounted to $878,740 for the
quarter ended March 31, 1946, compared with $818,455 in the 1945
period and $752,181 in the 1944 period.
No dividends were paid by
ShelL Pipe Line Corp. in the first quarter, of 1946, 1945 or 1944.
Net
22,327,663
13,701,894
dividends
Earnings per
-
3,458,333
facilities
war
T
—1/ ^1,901,819
ASSETS—Cash,
19,419,501
555,543
608,143
*9,183,991 *10,503,000
534,572
share on common stock.
'■Includes excess
depletion-'.
Fed.
Earns, per
1,126,512'-
:■
2,975,157
28,708,229 t27,913,780
...
S.
"/
•.
1944
18,201,135
2,586,000
Shares outstanding
/^
{2,690,796
reduce
V.
462,789
discount
salvage valua (net)
^Cancelled leases, dry holes and
-
'
to
.
on funded debt, etc...——
Prov/ for Fed. income taxes——a...
Prov.' for postwar adjustments—
Net income for period—.^
non-consol.
and
/
10,848,075
————————
Int.
1,323,860
—...
in
Mexican affaiata
Int. and amort. ,o*
1945
.
.
340,858
1,621,677
taxes
.Income
.^income
Earnings
—
67,352,370
82,242,658
.■^/;vi-,.-::
,
1946
174,623
Income
Premium
Net
Common; dividends
operating earnings
...
100,149,435 129,262,679 118,905,143
Costs,' selling and gen, exps
—
79,056,549 95,751,872 87,390,077
Deprec., depl., in tang; devel. expen,
ditures, amort and abandonments
10,244,811
15,309,672
12,095,565
804,910 '
■
.^,.^..4.—
Common dividends paid and declared
•
.Gross
,
,/
121,657
$7,841,420
415,000
5,049,000
60,000^,^
60,000
$7,196,819
430,000
4,805,000
income taxeb_..ar^.--——
profits
excess
for-depreciation and depletion of $228,705,-
3 Months Ended March 31—
-
of vessel
Net
Misc.
.
...
CONSOLIDATED BALANCE SHEET, DEC. 31, 1945
1,808,160
'
-
sale
or
Federal
53.47? |
$7,558,475
17,055
—$7,215,605
——
18,786
Provision for Federal income taxes
/
2,798,294
book,value of pro-'
ever
recovered
deductions
$7,505,003
47,521
„.
Income before
Net
Shell Union Oil Corp. (& Subs.)—-Earnings-*
—
Profit
1944]
■
^7,168,084
——-
Income:
Income
..
Dividend/hicame
1945'
■■
operating revenue....
Net
Gross
"•
■
■
Operating revenues
—
—^—— $20,699,969 $20,960,227
Total operation and maintenance expenses—
10,926,736 10,739,024
"Depreciation /expensa.w,.^,>,,/l.......yw^^^^->;*^/> :/■ 694,703856,57X
Operating taxes and licenses—
1,792,159
1,753,088
Operating rents (net)..—-1—;—
118,287
106,543
.
435 in 1944 hnd $278,241>441 in ,1946.: {Represented by-954,131, shares
in 1944 and 964,147,shares in 1945,—V. 163, P. 947.
"
...
-
Costs, opentling anvt general exps._ 335,378,674 334,430,206 262,969,634
■»:;/; • >
- ;,■■/■ /;;.,,/,, ,■
.Total operating ,income-l,.j—^
70,931,495 i1,75,929,702 63,929,440
Interest incorhe ._r—
364,919
,
249,243// 635,238
>
1
Other income
!_u 456,090,243 440,077,139:
'
-
—
10,901,865
.
for Insurance,- etc...^/4---—.44.4——,
Reserves
CALENDAR YEARS
CONSOLIDATED INCOME ACCOUNT FOR
LIABILITIES—
2342):
§1
*
v: ,'r.iA
Volume
163
,vHb(7o"M
JAEWAlttT '5 ■irtMM-'f.-yMMC :-■ ,u\u?
Number 4485
The
oLlv.
'
THE COMMERCIAL & FINANCIAL
CHRONICLE
i
■Hdsamiki.S
hi#W%
-j
■
2337
Capital Flotations in the United States During the Month of March
And for the Three Months of the Calendar Year 1946
Corporate emissions for the month of March were the
largest for any month this year, the total of $435,629,948
represented
financing for
March
being
the
largest
for
Issues placed privately
arate issues aggregating
of the month's total.
in
o
$79,122,931
19
v
$35,000,000
2%s
mtge.
gen.
of
Certificates
$234,113,529,
13,550,003
sep¬
Total for
new
compared
with
2%s series G; $23,000,000 Saguenay Power Co., Ltd. 3s
and 200,000 shares Central New York Power
Corp. 3.40%
uary,
cumulative preferred stock (par $100).
corporate financing. Revisions
gregated $991,105,313,
of which $306,474,227
SUMMARY
30.9%
or
CORPORATE
OF
Certificates- ^
10,000,000
;■'# 2G3,0-0.000
21,lo5,000
241,925^000
273,030,000
31,135,000
241,925,000
1,033,937,000
137,660,000
896,277,000,
186,300.000
185,550,000
80.000,000
106.300,000
53,205,000
132,345,000
133,205,000
238,645,000
1,405,787,000
-
money and
270,865,p00
1,134,922,000
$3,724,000
$309,918,487
in
the
Certificates
Notes
first
BY
MONTHS
-1946New
Capital
Refunding
131,170,053
47,088,901
128,215,273*
1946, 1945 AND
112,954,001
264,262,410
307,414,675
244,124,054
311,351,311
435,629,948
V 44,070,931
28,925,290
68,071,687
306,474,227 :
684,631,086
991,105,313
•
New
Capital
First
quarter
"
t:
s.,.%.<, ••
.....
■a
..-j#•
•,
April
May_
:
Total
278,899,772
New Capital
Below
Refunding
$
162,182,000
295,766,014
45,455,742
103.534,713
148,990,455
736,847,786
877,915,694 \ 146.844,872
339,563,928
656,045,237
526,446,349
80,437,425
76,399,341
36,115,868
108,100,665
184,500,006
189,591,294
85,002,408
225,707,162
36.398,283
148,913,492
382,694,367
531,607,859
141,067,908
;
367,086,226
79,085,300
38,773,350
137,683,000
176,456,350
62,615,780
98,346,215
160,961,995
.....
Six months——
402,703,191 1,738,141,514 2,140,844,705
„
211,613,966
107,244,173
749,921,243
961,535,209
338,267,743
705,440,793
295.758,364
.Long-Term Bonds and Notes
445,511,916
810,260,915
57,327,813
105,572,951
30,208,620
157,252,988
143,408,034
407,642,920
193,109,384
708,303,942
Nine iwftnfhw
1947-1956.
Purpose, purchase of equipment. Priced
to yield 0.75%
to 1.30% according to maturity.; Offered
488,867,748 1,430,562,237 1,919,429,985
213,629.022
60,276,071
164,293,287
December
-.'vvv
^:
618,835,452
20,434,385
438,198,380 1,427,520,628 1,865,719,008 "
'i Twelve months
116,304,052
P,
v
C-1947 in exchange for Treasury Certificates of Indebt¬
edness of Seriesi B-1946, maturing March 1,1946..
$4,104,-
216,009 subscriptions foP this exchange were received,
bdt accepted only $3,131,710,000, the balance being re¬
deemed. in cash.
•
Amount
Dated
Due
Mar
1
Mar
8
Mar
7
Purpose,
Boston
refunding.
Stanley &
Corporation;
Price,
101.14
and
int.
Co.; Blyth & Co., Inc.,
Goldman, Sachs & Co.;
Weeks; W. E. Hutton & Co.;
Merrill Lynch,
Fenner
& Beane; R. W. Pressprich & Co.; L. F.
Co.; Shields ds Co.; Spencer Trask ds Co.;
Tucker; Anthony ds Co.; White, Weld di Co.; The Wiscon¬
sin Co.; Auchincloss, Parker &
Redpath; Bacon, Whipple
Mar 22
Mar 21 :«
Mar 28
Feb
Mar
8
91
1,984,509,000?
4,104,216,000
days
Mar 1-31 Mar
1,308,017,000
1,303,816,000
1,315,311,000
1,313,401,000
3,131,710,000
2,074,769,000
1
1 year
1 10-12 yrs.
12 years
2 years
Mar 1-31 Mar
&
Price
Accepted
2,013,988,000
2,084,615,000
Mar 1-31 Mar
v
Secretary of the Treasury had announced
Yield
626,371,491
99,505 + :0.375
3,682,000
a
Total
.
for
March
b
9,181,005,591
Total for three months.^—.
-
•Average rate
on
a
bank discount basis,
a
A-1945, series C-1945, series C-1946 and series C-1947.
about 1.92%
year and series C,
a
Series
about 1.07%.
'
Type of
10
Jan
17
Jan
24
356,656,000
Jan 31
day
day
91 day
91 day
Jan
1
Ctfs.
Jan
1
A earn
int.
UNITED
STATES
Date
TREASURY
Dated
^
Due ;-.v-
'
eo
24
Jan
Jan
10
an
91 days
91 days
91 days
91 days
91 days
lyear
3
4
11
Jan
7
an
18
Jan
24
an
25
Jan
31
eo
17
Jan
1
an
1-31 Jan
1
an
1-31 Jan
an
1-31 Jan
10-12 yrs.
12 years
M'
2 years
■.
2,025,044,000
3,323,194,000
959,559,756
10,441,500
301,781,200
Feb
14
91
days
days
1,928,073,000
Feb
15
Feb
21
91 days
lyear
2,037,113,000
2,005,866,000
4,952,949,000
10-12 yrs.
21
Feb
21
Feb
1
1
28
92 days
,
eb 1-28 Feb
,12 years
eb 1-28 Feb
2 years
February
% U
v.
4,027,000
180,952,100
__
.
Antic'n
notes
•
,
1'
for
'v
January
^
Feb
/>
301,781,200
7
91
11,158,574,456
'
V
9,872,481,000
;!s
:
1
1,286,093,456
;
■■
99.903
Feb
28
92
■
■
;
•
■ •
,
day Treasi bind
Feb.2! 1
Feb
1
Feb
Feb
'
>
Mar
u.
4,027,000 100
..
'
2
of
McDonald
Yarnall & Co.;
Co.;
and Boettcher and
7
Antic'n
no^v.OPl80,952>l(W,.V-~.'ad:,^(m.U>!?*>'oI90;952>100:
Mar 21
Mar 28
91
Mar
1
Ctfs. of indebt.
Mar
1
1,303,477,000
1,301,797,000
1,315,311,000
v] 4,540,000
*
2,019,000
1,313,401,000
1,304,361,000
9,oTo"ooo
3,131,710,000
626,371,491
u.
1
day
S.
Treas.
Savings
1,308,017,000
1,303,816,000
1,315,311,000
bills
_•
bds.
Mar
Depositary bonds—
Tax
Antic'n notes-
626,1(71,491
'3,682,000
*
3,682,000
178,697,100
178,697,100
:Total for March^-^44Total for three, months—
9,181,005,591
8,356,656,000
31,341,171,225 28,422,893,000
,.
824,349,591
2,918,278,225
(see
v
&
and
Johnson,
Lane,
Space
"
..
Inc.;
William
Blair & Co.;
Blyth & Co., Inc.; |
Butcher & Sherrerd; Coffin & Burr,
Co.; Hill, Richards & Co.; J. J. B. Hilliard & Son;
Hogle & Co.; Hornblower & Weeks; W. E. Hutton
The Illinois Company; Johnson, Lane, Space &
Bissell
!
;
Co.
privately,
Co., Inc.;.Johnston, Lemon & Co.; Kalman &
Company,
Inc.; Kidder, Peabody & Co.; Kirkpatrick-Pettis Co.; Laird,
\
'*]
!:v
>
1
s
8c
Meeds;
W.
C.
Langley
8c
Co.;
Lazard
Freres
&
Co.; Lee Higginson Corp.; Lehman Brothers; Carl M. Loeb,
Rhoades & Co.; Laurence M. Marks & Co.; McDonald 8c
1
3,131,710,000
day Treas. bills
91 day Treas. bills
91 day Treas. bills
offered, series P bonds
Co.;
February^w^ ^1,Q01,591,179. rl0/J93^56,000c;ir 897^38,178
91
as
&
A.
&
—
'
b &/■
Co.;
Milwaukee
Co. Inc.; Dominick & Dominick; Drexel, &
Co.; Eastman,
Dillon & Co.; El worthy & Co.; .Equitably Securities
Corp.;;
Estabrook & Co.; Fahey, Clark & Co.; The First Boston
Corp.; Glore, Forgan & Co.; Glover & MacGregor, Inc.;
Goldman, Sachs & Co.; Hallgarten & Co.;'Harriman Rip¬
ley & Co.,iInc.; Ira Haupt & Co.; Hayden, Miller & Co.;
Heller, Bruce 8c Co.; Hemphill, Noyes & Co.; Henry Herrman
S.
Mar
'
Davis
Brown & Sons;
J.
JSL-Bl—
1,316,466,000" ^ 1,316,013,000 ^
" 453,000
indeb.t4-*Mn 4<952,949,000]j[4^952j949,000
Savings: bdfe 9/r622,403,07an9rnv!^.-iiJj-L^riin'622,-403s078
Depositary bonds b»x io! 4,027,000 o;
v, 4,02T>000
Ctfs.
Tax
.
!
.
91 day Treasv bills
Total for
a
|
&
The
Cooley & Company; J. M. Dain & Company; Daven¬
port & Co.; Davies & Mejia; R. L. Day & Co.; Dick 8c
Merle-Smith; R. S. Dickson & Co., Inc.; Dillon, Read &
10,441,500
day Treas. bllld- i > 1,314,673,0001 '>1,314,673,000
a^,309,003,000<314,309;003;o00n
day Treas.) bills
1,301,118,ooo^' l,301,'118,000
a
Co.;
Inc.;
959,559,756
10,441,500
301,781,200
91
180,952,100 100
11,001,591,178
bills
Treas. bills
of Indebt.—a:
v
2,487,000
6,757,000
14
*0.375
Coffin
Kuhn, Loeb & Co.; A. C. Allyn and Co.,
Bacon, Whipple & Co.; Baker, Watts & Co.; Ball,
& Kraus; Bateman, Eichler & Co.; A. G. Becker
Co.
Alex.
5,067,000
21
+
Sons;
Offered by,
&
1,310,993,000
1,309,645,000
1,310,034,000
1,315,717,000
3,323,194,000
Feb
1,314,673,000 99.905 + *0.375
1,309,003,000
99.905 + *0.375
99.905 + *0.375
1,301,118,000
1,316,466,000 99.904 +*0.375
4,952,949,000 100
%
:
Treas.
Jan.
Inc.;
1,302,898,000
Feb
10,441,500
301,781,200 too
622,403,078
Treas. bills
*0.375
99.9Q5 +*0.375
&
Paoifio RR. 1st mtge. bonds*; 2 !4 %, series G
1, 1961.
Purpose, refunding.
Price, 983/* and
int.
Indebtedness
99,90$ i||i0.375
99.906..
'
'
1,315,717,000 •99:903 ¥M0;375
3,323,194,000 10»il io >: %
959,559,756 mi aVAfi A:n.;;
622,403,078
eb
1,987,760,000
1,302,898,000
1,316,060,000
1,312,132,000
1,316,791,000
1,315,717,000
3,323,194,000
959,559,756
Treas. bills
Tax
r
Mar 14
1
8
eb
eb 1-28 Feb
•<]*<>.
Welsh,
due
New
Refunding
v
Yield
11,158,574,456
eb
an
Jan
1946
Price
1,302,898,000
1,316,060,000
1,312,132,000
1,316,791,000
91
91
Total
$
2,259,444,000
Total for January.
7 *91
DURING
2,904,956,000
91 day Treas* bills
Jan J
Accepted
*'
2,005,255,000
2,016,155,000
«
Amount
Applied tot
$
an
FINANCING
Amount
1
i
v
to
Burge
U. S. Savings bds.
Depositary bonds-
usual tabulation:
our
Marks
by same bankers
foregoing).
25,000,000 Southern
Accepted
Jan
present
<fe
Offered
/
•
•Total Amount
Security
Dated
By these operations the Treasury Department sold or
exchanged $9,181,005,591 of its securities, of which $8,off maturing obligations*
Brown
*950,000 Savannah & Atlanta Ry. 1st mtge. 3%% bonds, due Jan.
1, 1964.
Purpose,
re.undihg
($774,000),
improvements,
etc., ($176,000).
Price, bonds were awarded at par and
OF FUNDS
Bonds, Tax Anticipation Notes
pay
M.
Turben
& Co. and were placed
USE
3
used to
Alex.
35,000,000 Great Northern Ry. general mortgage bonds, 2%% series
Q, due 2010.
Purpose, refunding.
Price, 96.25 and int.
Comprised of three sepa¬
rate series, of which series E have
10-year maturity, are sold on a
discount basis at 75, and yield
2.90%; series F have a 12-year matur¬
ity, are sold on a discount basis, at 74, and yield 2.53%; and series Q
have a 12-year maturity, are sold at
100, and bear 2V2% interest,
b Comprised of separate issues,
designated Treasury notes of tax series
Jan
was
Co.;
&
Harold E. Wood 8c Co.;
31,341,171,225
.
•
&
Company.
Outside of the above the Treasury Department in
March confined its operations to the usual weekly sales
of Treasury bills, Savings
and Depositary Bonds.
Blair
& Company;
Co.; Maynard H.
Co.; Phelps, Fenn & Co.; Piper, Jaffray & Hopwood; Putnam & Co.; Riter di Co.; Stein Bros. &
Boyce; s
Stroud 8c Co., Inc.; Swiss American
Corp.; G. H. Walker
8c Co.;
Whiting, Weeks & Stubbs; Dean Witter & Co.;
Biddle, Whelen 8c Co.; H. F. Boynton 8c Co., Inc.; J. M.
Dain & Co.; First of
Michigan Corp.; Folger, Nolan Inc.;
J. J. B. Hilliard & Son;
Johnston, Lemon 8c Co.; Kirkpatrick-Pettis Co.; Mason-Hagan, Inc.; A. E. Masten 8c
Co.; W. H. Newbold's Son & Coa; Newhard, Cook 8c
'
2
v>
Laurence
Murch
,
a
3,682,000 100
178,697,100 100
!
William
Merrill,
0.375
99.905+; 0.375
626,371,491
178,697,100
Inc.;
99.905+^9.375
99.905+
Co.;
& Burr, Inc.; R. L. Day &
Ca.; Hawley, Shepard and Co.; J
Hayden, Miller & Co.; The Illinois Co.; Kalman & Co.,
Feb.
on
15,1946, are called for redemption on that date. These is¬
the 3% % Treasury bonds of 1946-49 and the
3%
Treasury bonds of 1946-48. There are now^outstanding
$818,627,000 of the 3%% bonds and $1,035,873,400 of the
3% bonds,
'
The Treasury on March 15 redeemed for cash
$1,290,640,500 of 1% Treasury notes and $489,080,100 of 3%s
Treasury bonds of. 1946-56 which had been called for
redemption on March 15. ;
1
for
First
Hornblower &
$
91 days
91 days
91 days
Mar 14
Mar 15
sues are
Total
due; 1982.
Pierce,
Amount
Applied for
$
14 that the bonds of two outstanding issues which
may
be redeemed at the option of the United States on June
eb
1st
Ripley &'Co., Inc.; Kidder, Teabody & Co.:
Kuhn, Loeb & Co.; Lehman Brothers; Mellon Securities
Corp.; Smith, Barney & Co.; Stone & Webster Securities
Corp.; Union Securities Corp.; Drexel & Co.; Glore,
Forga».
Js Co.; Hemphill, Noyes & Co.; Lee
Higginson Corp.;.:
F. S. Moseley & Co;; Central
Republic Co., Inc.; Clark; >
Dodge ds Co.; Equitable Securities Corp.; Estabrook & Co.;
>
672,482,693 2,504,095,838 3,176,578,531
Date''": ' +J
Offered
Secretary of the Treasury on Feb. 18 announced
offering of % % Certificates of Indebtedness of Series
ffered
RR.
Harriman
I
)#'*
•The
now
;
Inc.
Rothschild &
Treasury Financing In March
We
Co.
Irontcn
March
Offerec| by Morgan
755,450,265
364,959,844
136,738,437
338,394,097
due
Laurence M iMarks & Co.; Stroud.&
Co., Inc.; Putnam
& Co.; and Cooley & Co.
40,000,000 Great Northern Ry. general mortgage bonds 2a/4% series
183,614,945 1,073,533,601 1,257,148,546
1,264,579,832 4,959,291,921 6,223,671,753
-
;; tReviaed.
The
136,614,813
26,565,747
B
.
Fourth quarter
an
988,931,090 1,202,560,112
101,548,627
161,824,698
337,040,911
501,334,198
&
mtge. 2%%
bonds,
1,
1976.
Purpose, refunding.
Price,
101 and int.
Offered by Shields. & Co.,
White, Weld &
Co.; R. W. Pressprich & Co.; Equitable Securities
Corp.;
Paine, Webber, Jackson & Curtis; Graham, Parsons &
Co.;
series
The
November
.1
'
trust certificates
due
by Halsey Stuart
9,626,000 Detroit Toledo &
901,413,326
.i
October
v
!
$1,750,000 Chesapeake & Ohio Ry. IVb % equipment
214,580,801
248,980,985
437,851,540
104,820,122
*
—
-TTiird quarter
.»*•v
(Issues Maturing Later
Than Five Years)
722,258,295 1,018,016,659
826,381,452 3,531,771,293 4,358,152,745
,
retired.
During March, ! 946
121,400,691
423,678,261 1,793,629,779 2,217,308,040
*uyii«t
xNet
Details of New Capital Flotations
•
4
Corporation.
RAILROADS
Second ymrfcw
fcpUmhw
Corporation,1' and
Insurance
we
486,408,800
555,122,202
Loan
give complete details of the capital flota¬
tions during March
including every issue of any kind
brought out in that month. ; ,
• *
Total
*
$
322,970,703
191,107,290
363,837,701
100,923,035
159,360,123
4,352,125
June
Civil
Federal Savings
261,635,283 1,001,293,728 1,262,929,011
'
_
and
notes to Federal Old
Age and Survivors Insurance Trust Account.
Service
Retirement
Fund, Foreign Service
Retirement
Fund,
Canal Zone Retirement Fund, Alaska Railroad
Retirement Fund, Postal
Savings System, Government Life Insurance
Fund, National Servlct
Life
Insurance Fund,
Federal
Deposit
Insurance
fig¬
additional private
1944
:
February—
as
•Comprise sales of special series. certliicates ana
no:es; cerlliicates
sold to Adjusted Service Certificates. Fund
and Unemployed Trust
Fund,
-U944-
Refunding
A
January
of the 1946 and 1945
particularly
«-tl945—
Total
•
we .present a tabulation of f
igures since Jan¬
1944 showing the different monthly amounts of
may be necessary,
10,000,000
March—.
financing is brought to light.
FIGURES
654,352,000
$82,846,931,
up
Below
ures
'J[ 106,525,000
February-
three months of 1945.
ag¬
x58.950.000
713,302,000
760,877,003
January-.!.
72,500,000
34,020,000
371.850.0C0
for
was
Northern Ry.; $25,000,000 Southern Pacific RR. 1st mtge.
Corporate financing for the first quarter of 1946
Net Issued
741,^*4,, oO J
Notes
in
Great
Retired
V
•vh;;
placed
so
FINANCING
>'vU-ued
..
January—i
The March total compares with $79,922,850
February and $173,983,899 in March 1945.
For the
first quarter of 1946 total
municipal issues aggregated
$81,602,000
Union Pacific ref. intge. 2Vzs series C; $40,000,000 gen.
and
1946—
'
refunding.
The principal issues for the month included
2%s
•INTRA-GOVERNMENT
was
$40,722,000, representing 9.4%
This compares with 28.4%
12.1% of the January total.
February and
of which
month since 1929.'
mtge.
in March comprised
Municipal financing for March footed
like
any
69.1%
or
for
sharp gain in equity financing, the stock
was a
and $684,631,086
money
Of the total, railroad financing accounted
$364,241,000; other industrial and
manufacturing
$247,201,951; public utilities; $157,693,371; oil, $122,151,850 and all other categories
$99,817,141.
comparing with $311,351,311 for February and $363,837,701 for March 1945. Of the month's total $128,215,273
or 29.4% was for new
money purposes and $307,414,675
or 70.6% was for
refunding. With the exception of the
month of January, when new capital issues exceeded
refunding, the month of March followed vthe trend of
the previous 27 months. A feature of the month's fi¬
nancing
new
for refunding.
(Continued
on
page
In
the
comprehensive
next
two
pages
we
2340)
tables
compare
and the three months'
the
on
the
March
figures with those
corresponding periods in the four
years preceding,
thus affording a five
year comparison.
for the
*
17,54920 5,60, 0 56,30810 34,81750 18,0 0
:T•otal 5,6 0, 0 48,0 6 0
-
$
Total
"
-
$
*
10,7950 15,03960 2,53 20
—•
18,294 20 30715,0 48, 934
:—
— fc,-
-
"
28,0 18,0 973,50
39,20 30 21735,0 27,08532.8
—
—
—•-
6,0 ,0 h.—; 973,50
.1942—- Refundig 32,580
79,085120 8,60, 0 21,804.16
6lCapit 5,60,—0 15,802
"fr4-*'~
8,2 10
8
■^-4.;■,
"^05.379
973,50
17,34920
New
„
—
32, 580 6,0 ,0
95,30457 54^830 49,61 72
54,830 16,9450
v 38,4728
•
;.
4,780, 0 4,071,0 2,50, 0
12,0 0
56,94329 32,701672
.
-.
148,"9045 t6,453 0 '30^5!0 24;7 ,561
—
V.'-
—
.
16,30 45
2MFYAEITFLMAVIHOUSPMDG,:1':V9"^3—4.-l•y1?199■4915,—.uvrURTNCRewfaeufpnuRtRCTNdineeadafofulplnntgiddw4$iSgxv~""$■.$7>;-6387522g6380o3O0l~9*95?^144,6,10,50'26-,"0_! USitnMpaCfrottiFGOleprvobahevsdgdgrl.annfmmyesyscl.
'-
—■
—
—
-
-— 103,54713 6,^53 0; 3570 5M 12,53140
f
■
.
—
i!
i
45, 742
i
^
124,985^
—
^
36,87 01 25,"47^0 173,98 9
i
r—.'
i
i
i
i
>
I
295,76 014 25^47 0 149,820
i
i
i
—
4i.'
'
-
—
—
CFGOOORVRPEERNIGMANT,
OSUMFARY
]7'**—■-1946RTNCeofauentpdawiitlgl$$$2235351,,99,007160 422,,51053103668,795,2248 23,0_
23,0.
1 $ 16,07 0 47,6 294 63,08 97
Capit l
■■—
,—.- ■-'tr.— 68,071687 24,01,89
-1-1
90 ,0 0
435,62948 38,9~5o76 82,46931
——
.
:
;.-'
■
307,41675 2i98(h0 3,724,0
:
$
:
17,560 148.905
.
..
128,3527 15790, . 79,12 931
2,957,0
2YFOMETIFSAUITCRHSNNOACRSHIPEEAD■:—1—4T1945ofuCtwnRaafdueopeplinfuidgtwnd$lVgi[g'AJ■$;-.z/,-'"~r•e:()83938.251450762910,6745,530.35,050,-$PANGORNEUFWDI 1'94—6NTReewofCuatnpaditillg%>':v-2119924,012755,382,9,8954000.
103.54713
9,460, 0 6,120 3,50 , 0
2912,900,10,«*
157,82948 193,280 76,21.78 1,08,0 3,164 38 16,4263 6,318,350 3,7490 3,50,0 9^39~250 21,46 435,629 48
•42.—i-_
*
. .,
46,19 675 192,0 0 75,23 781 689,868 20,14709 3,749,0 2,319.57 9,39,250 3,87210- 307,41 675
$iNewCaptl 1,926,0
CHAR TE
;- 850, 0
1,926,0 1.386,0 1,08 ,0 2,47 ,570 96.25,384 6.318,350 l780,4 3 17^54 65
128, 5273
- —y'v — — — —- — agencis- . fbuontadyise il .— -manufctrig hoeldticng. , Notes- ■:_7 - manufctrig T: ,T"'.■ hoeldticng.,■-'; -.v ,— — manufctrig ,p.~ hoeldficng.,:■• ':. -. manufctrig■ ,'gniphS oeldtcng., —
rom te
90 ,0
^■—
New
'""
Smatunedisc
$
\
1 ,628 73
—
t,IgaE-R'ailrods. utiles^-4— sccetooeptall,,r,qumaipnumfcenets anodriindusntrdl bueildtncs, nttrvreausdtmsinng,Mis'ceyla-fn■/-■rous: s*ecurit
MOFARCH Domestic-— boanndds Short-em stock stock— Candi— bnoaonteddss Short-em stock s—tock foreign— bnoaonteddss stock— corpate- toal. dIfningculoouredste OFMARCH NBLooonagnt-Tnederdssm
Cwrpoate—
Short-em Cosmtock-n Governmt fogorveernimgnt GLoavnad,n&•cMuniictpael—Sste,s,PoStaiens •pOiKf"'*'i- :_. utiles. scecotoeptall,r,, Eqmaunuifpcmrees—nt. anoid- inadunstrdl bue;ildtcng.s, Itntrrveaustdmsinng,,Miscelano.us SBhooratn-Tndedms: )♦••—■" utiles-. sccettoo.e-pall;,r;Eqmuaipnumfcetnets anodri indausntrdl:_ bueildtncg-s,:'•■ .— Shipn■g.. Inttvrreaustdmsinng,,Miscelano-uLs. Total Sjtoc'-ks—i*|-i.■;: .utiles sccetooeptarll,.;,,Equmaipnumfceenst^*-— anorid indausntrdl bu•ei■tlcd-.vn:gs, ?■-.4,;.{Inttvrreaustdmsinng;,Miscelan-ous ' .
—_.L 'Ru;ber.;■f '-•n\•<
MONTH
notes—' —
Long-term Pref red Com on Long-term Pref red Com on Other Long-term Pref red
Grand
Total
7
ts
Can dian Other
Farm
United
MONTH
•These
•••-/
Railroads Public Iron,
Motors Other Land, Rub er Ship ing
Oil
Railroads Public Iron,
Motors Other - Land,
oil
'
Rub er
•
.
v
Railroads
.Public Iron,
Motors Other Land,Rub er Ship ing
Total
;
;
Total—
Public Iron, Motors Other Land,
.Oil
•
J/v
;
19,30 0 16,5810 2,0 ,0 32,50 0 49,0 0 3,0 ,50 ~"95T60O
37,65940 15,0 0 2,53 , 20 421,875
,
T'3-y942Reofut;nad.ilrg'5217319,,8655040 ^i«t6405",3Q2
*f$rC:'®V:/:® . apit l 13,29056 7:0^6 48 .6,3402
-
"
2,53,20 421,875 7,423561 19,30 63,87 16 2,0 ,0
26,0 860 36,7450 1,80,0 "~95,0 0 3,650^ 0 13,29056
5
New
90.83,0 12,0 6.50,0 7,317,457 2.50, 0
3,250 UYdroO 2,05,0
93,08 0
"
19,30 0 186,790 2,0 ,0
12,0. 0
468,795
12,0 0
167,53048j9,1;5902651r7t,32805.''^y,•--8/—9r_9#951,0,®—0„-™"gt4114y,7791;v33?^808.®75 42,3682,970125^:
13,8745
"v
vRFEM3OANp1CRHD; —-1943"RTeofutnadlig"wv41,32981,6,50 -i
MONTHS Capit l 49,50372 12,0 ._ 7,31 457
'
vS'46,123_12,4785t:-/-r.;11,,'533800:
.
?'\4?=21,*87■5"®-—; £9<0y*$t$6^4»5-5,03. *V720,1'"97:_•—_, 2V,3043,05290,#-.
*EGTFTFAMOLHNbVUOAERRCNMPDN*.GI:1;9•—445£CRTeoeaaffouputp;ninwtidwdllglg$"%$•£\■W)?&6324718"0,.5,96590f70'®:SiU_v18243'-.1^^68s,_55L;0>•,; i:—_—4c7,1;89■®2I17I813S56~822349T7oo8-~6.qF1v..3 46,27,30516892USQPfIrGMrhFtnOomaovcfoevblbuahensgdcdirigc^n.Irpm.pUayi_tles.?,y YIFMECTSSTUpINAOHRONPRDAHIOCSREEAD^':"19!/*'4~—9221"—'■■-9{435ReNRTfNauCRCeTNnpofeaaduiotwfppnutigtidnwlwdllgg12922,4310565498,60—,714•0583073871
2,50-
New
v
:
-
150,
•
_
-
■
2,r5!18*7.-9L —; — 71,029
45.10, 23,80 3T,90 0 84,529 0„ 50,89.0 45,0 1
&
'
3,06^ 486,08
•
32,25990,,010
10 ,0 ,
_
-
-114.067,985,0 1075,62938 _rW 20,895 29,680 5
$•„ 78,320 459618,7 '*
Total jiy.aStneds 1946Total
90 .0 0
>7-684,03911,053 H ''1072»,,993450""o6243,50 — 718,3,20558462 335644,,29100631548,0
'p$:$i>:-:i;568,7.538,010.Va22>401326,9,lb41850 59243,01 2233,,00-• — NAOGCHRENARUPWFDITE
COFOORRPEFIGANT, 1;*94:6%NCR'ea;efpuniwtdilg
NRCefaeupniwdtilg
b;•.. oannontdesds- Short-emJj. 1—s_tock— stock-.:—, * Short-e—m stock——r;- stack2-_. bonanotnedsds. Short-em stock^j>i.uL•*-~— X_ corptae_*^„j-—: Governmt^, governmt.—1 Goaavcnistd*, ♦&Municp.a_l—Ste,sPosein _. fdIunnd^cs.qlobuiadtee ME3AN-R—p1-1CH.D NBo>toeasn—ds utile—s—; 'ecctoopalr,, mnuft acesori— inamdan,uuf<nSscrtipgrd4.sl beutc_^il-dnurgi;s, — Boands Equimn.afctes— ^-_ori imnaaduufnosistrrdngl
httoreraludtcsin.g,,>Miscela.n,■^-ou /luutiles—-.^_aL eccotpo—arl,, buildngs,erc._—^ htrotearlddutmiscng.,,, '=y.y0?^-K utilesetccco._poa,l,manufctres acesori—-_ mianndufnusttdrgl " beutilcd.ngs,p——T heotrtltadrcuin.sg,, — _— s•-•pir-—^ utilesetcco.—poar,l,mnuft* acesori-—■_ imnnaufdtungstdrl builedtc—n—gs, ;——heotttrlradcuin.sg,,* secco—urr^pitate
bLoonnagno-ttedesrs.m foryeign—,
'
' 30,683412 ':51,0- 123,6 ^5. 15,26:10
$•
;
m
r r-
90 .0QO
—
n'
'
•
*
-
-—
306,>472 34,95~6O 204,7029 54,9625
9,746,0 1,392,0
SUM ARY M3AR1CH ~•r :
,,
u
Long-term
Domestic— Pref d Com n Cadin-*
'
1
?;
.
V'
/
foreign Staes toal figures
Pref red Com on Long-term Pref red Com on
Grand
To>-?t'al Candian Other Loan United
Other
I
-
.
,'V
-
a
-f-
-*
Farm
•^hese
MONtHS
Long-Term Public Equipment Maontdrs Other
Railrods Irsoten,l,
:
^ Land,
oil
Ship ng Investmn
Short-Tem ste l, Maontdrs
/Railrods Public
Iron,
^
,
Other
Landf
Ship ng Investmn
Miscelanou Stocks—* ste l, Equipment and
■;
:-f
—
Public iron, Motors Other Land, Rub er
Oil
Investmn Miscelanou Total 'Total— Railroad—s ste l, Equipment an-d
.
;
Public Iron, Motors Other Land,
Ship ing Investm n Miscelanous
Total
*'< r •>>
-..../.' ..LAND,
■
.....
Merrill Lynch, Pierce,
Co.; Metropolitan
Morgan Stanley &
Co.; F. S. Moseley & Co.; Maynard H. Murch & Co.;
Newhard Cook & Co,; The Ohio Company; Pacific Northwest Co; Paine, Webber, Jackson & Curtis; Phelps, Fenn
& Co.;. Putnam & Co.; The Robinson-Humphrey Co ; E.
H
Rollins & Sons, Inc.; Salomon Bros. & Hutzler, Scott
&'stringfellow; Chas. W. Scranton & Co.; Shields & Company; Smith, Barney & Co.; William R. Staats Co., Stein
Bros. & Boyce; Stone St Webster Securities Corp.; Stroud
I
t
i
■
'
I
Inc.; Swiss American
Union Securities Corp.;
& Company.
81 802 000
^
1
'
Aub
Ashmun Co.;
Auchincloss, Parker ,&
8c Co.;
S.
C.
Inc.;
roeder
(N. Y.)
Purpose,; refunding.
Insurance Co,
Placed
;
-
■
-
r'
«
537,500 (L.
;
Corp.;?Tucker, Anthony
•
<
W,
1
*•«
'
>
r
1
Brooke, Tindall &
!
f
V
<
}
Offered
;
PUBLIC UTILITIES
$15,000,00 Hackensack. Water Co. 1st mtge.
,
by
& Co.; Burr
.
:
?
' \
I
v
r
i
Corp.;
*
1."V
I.
J.
J.
Inc.;
!:;r:
INDUSTRIAL AND
*$2,500,000 Addressograph-Multigraph
Jan.
Purpose,
Republic
Hall &
-
$2,50
; ;
&
Bantam
$1).
(par
loans.
<■
Placed
1957.
4,410,000' Hollingsworth & Whitney Co, 42,000 chafes of $4 Attffiufla*
tive preferred stock (no par).
Purpose, corporate funds.
Price, $105 per shard and div. Offered by Faine, Webber,
Jackson & Curtis; Harriman Ripley & Co., Inc.; Kiddef,
Peabody & Co.; Stone & Webster Securities Corp.; Coffin
St Burr, Inc.; Estabrook & Co.; Hornbiower & Weeks;
Lee Higginson Corp.; R. L. Day & Co., and H. M. Paysott
Drive Auto Co. 14,233 shares of common
$10),
Purpose, corporate purposes.
Price,
Offered for subscription to common stock¬
holders; unsubscribed shares offered by Comstock & Co.
and Irving J. Rice & Co.
.
t
Wheel
stock
(par
St
Co.
stock
(par
Price,
$10
.
shares of 5%
120,000
cumulative preferred
Securities
Co.; Lee
Co.;
&
Crowell,
Sherrerd;
&
Butcher
Johnson
H
Bradbury-Ames
Co.;
The
Marshall
Co.;
Weedon
Co.;
&
Offered
&
'
....V, !J;-
Smith. &
cumulative
Carpet
Sons
preferred
stock
Co.
(par
50,000
$100).
shares
of
Purpose,
y^}\ ;'J
capital purposes. Price, $103 per share and div. Offered
by Morgan Stanley & Co.; Dominick & Dominick; Goldv.-
:
Sachs & Co.; Harriman Ripley & Co., Inc.; Kidder,
& Co.; Lehman Brothers, and Smith, Barney
man,
& Co.
'
jf
$31 per share.; Offered by .same hankers as offered the
preferred stock (see foregoing).
|
:
Manufacturing CovnJB5'<)00 shares of common
%Vm:,j-tr;v.:St°((k '.^par^l); Purpose, working .capital. Price, $2,375
,,'v :v per'j.shar^ Dffered by Thornton & Co.
29,9,000 Automatic Radio Mfg. Co., ,Inc. 52,000 shares of common
*
hsv
stock (par $1)* Purpose, working capital. Price, $5.75
: Pef
share.- Offered by Carver & Co., Inc.
2,000,000 Burry Biscuit Co. 100,000 shares of $1.25 convertible preferred stock (par $20).
Purpose, plant expansion, work'.rvi.o
tog capital, etc. Price, $26.50 per share and div. Offered
2^6,375 Appleton
.
reduce
,
.
.
.
.
'
Offered
by Stein Bros.
Inc.
& Boyce.
2%%
sinking
fund
capital purposes.
through The First Boston Corp.
1,
1966.
Purpose,
4
$15,300,000
debentures
•
'
U. by
Van
Alstyne,
Noel
&
Co.;
Carlton
v':!; ;v>. Courts & Co.; Emanuel & Co.;
M.
Higble Corp.;
Hemphill, Noyes & Co.;
Hill, Richards & Co.; Johnston, Lemon & Co.; Sutro & Co.;
Distilling Co. 5% debentures, due Dec. 1, 1960.
Purpose, finance company's business. Price, 100 and int.
Feb.
Harold E. Wood Si Co.,
an<|
j
■>v'f'.--,;
Scott & Co.
^;/;^!^Scl]iwabacher & Co.
,
,
"'
.
125,000 shares of common stock (pap
additions, betterments, etc. Price, $35 S
/ • per share. Offered by Blyth & Co./Inc.; Goldman, Sach3
-VvV& Uo.; Smith, Barney & Co.; Stone 6c Webster Securities
'f"h
Corp.; Sutro & Co.; Carl M. Loeb, Rhoades & Co.; Pacific
£o.>of California; E. H. Rollins & Sons Inc.; Bateman,
"ittvu-r-Elchler & Co.; Cruttenden & Co.; Hill Richards & Co.;
:u*
J '<» r
iLelb,' O'Connor & Co.; Lester .& Co.; Henry F. Swift 8a
}' Lawson, Levy & Williams, and Schwabacher St Co/
4,375,000 Hunt Foods/ Ihc,
1
Purpose,
795,672jJaeger Machine Co. 33,153 shares of common stock (no
•"'ha
'.-parK''' Purpose, discharge bank loans.
Price, $24 per
d^shaW/a Offered for subscription to stockholders.
Unsub-/
j
Scribed (5,106) shares offered by McDonald & Co. and
The
:
300,000 Loretto
1
Jaffray & Hopwood; Johnson, Lane, Space
I. M. Simon & Co.{ Richard W. Clarke Sa
Ohio
Co.
-V
:
outstanding
privately with Penn Mutual Life Insurance Co.
,
Inc.;
*
'
',yu.;i{1
Republic Co. Inc.; Shuman*
Central
1
4,845,687 Alexander, Smith ,& Sons Carpet Co. 156,312V2 shares of
common stock (par. $20). Purpose, capital purposes. Price,
"~t;
Co.,
Piper,
Co.,
$6.66%).
Peabody
'
•
purposes.
Purpose, con^
1,750,000 Hunt Foods, Inc. 175,000 shares of cumulative preference
stock, series A 5% (par $10). Purpose, refunding ($776,704), additions, betterments, etc. ($973,296).
Price, $10.
per share plus div.
Offered by Blyth & Co., Inc.; Sutro
& Co.; Pacific Co. of California; Bateman, Eichler & Co.;
£5 Hill, Richards & Co.; Leib, O'Connor & Co.; Lester & Co.; >
Henry F. Swift <fe Co.; Lawson, Levy & Williams, and /
OTHER INDUSTRIAL AND MANUFACTURING
"
Higginson
Inc.;
of 5% cumula#
$25 per share and div.
Corp.; Shields & Co.; A. C»
Price,
Co.; Francis I. duPont St Co;
Grubbs,
inc.; Shilling-
,
$5,000,000 Alexander
Co.,
&
-
law, Bolger & Co., and Taussig, Day & Co., Inc.
$3,164,438
Co.;
fornia;
Co.; Sidlo, Simons, Roberts & Co.; O. H. Wibbing & Co.;
Claybaugh & Co.; Enyart, Van Camp & Co., Inc.;
First Securities
Co. of Chicago; Frank & Belden, Inc.;
Irving J. Rice 6c Co.; Link, Gorman & Co.,
Lee
etc.
& Co.; William R. Staats Co.; Bateman, Eichler
Maynard H. Murch & Co.; Pacific Co. of Cali¬
Agnew
St
mill,
by
St
Allyn
Co.;
Blair F.
Weld
of
struction
Investment
Park-Shaughnessy
12,594 shares of common
Price, $30 per
& Curtis, and
2,500,000 Hudson Pulp St Paper Co. 100,000' shares
tive preferred stock, series A (par $25).
win; Buckley Brothers; A. G. Edwards & Sons; The First
Cleveland Corp.; F.
L. Putnam & Co., Inc.; Brailsford
Co.;
Whitney Co.
&
(no par). Purpose, corporate funds.
Offered by Paine, Webber, Jackson
Harriman Ripley St Co., Inc.
•
Purpose, a general corporate purposes.
share (flat).
Offered by Sills, Minton &
Boettcher and Co.; Walston, Hoffman & Good¬
Co., Inc.;
&
*500,000 Hydraulic Press Manufacturing Co. 3V2% notes payable
$25,000 annually to Oct. 1, 1954, and $275,000 Oct. 1,
a"
1955.
Purpose, construction of new plant, etc.
Placed
*2,000,000 Pitney-Bowes,
stock
■>,
share.
$10).
per
Co.
377,820 Hollingsworth
r
Purpose,
privately.
Inc. 90,000 Abates of common stock (par $1>»
acquisition of properties, corporate purposes.
Offered by Newburger & Hano; Weil
Co., and Kobbe, Gearhart St Co., Inc.
Price, $11 per share.
&
Car
Purpose,
Co.
284,660 Four
R.
mill
1,
Co.
9,900,000 Higgins
;
ACCESSORIES
AND
.
Dec.
Purpose, corporate funds. Price,
Offered by Hill, Thompson & CO., Inc,
(par $1).
share.
104,581 Hammer Dry Flate At Film Corp# 45,470 shares of com¬
mon
stock
(par
50c).
Purpose,
refunding
($29,590),
working capital ($74,991).
Price, $2.30 per share.
Of¬
fered for subscription to stockholders; unsubscribed shares!
;
publicly offered by Stifel, Nicolaus & Co., Inc.
•
due
per
and F. L. Rossmann As
,
*2,000,000 Hunt Foods, Inc. 20-year 2.90% sinking fund debentures,
A,
stock
;common
Co. 279,963 shares of common
refunding ($689,868), working
capital, etc. ($989,910). Price, $6 per share. Offered
to common Stockholders for subscription. Underwritten by
Blair & Co., Inc.; E. W. Clucas & Co.,
and Cruttenden
stock
subsidiary ($3,000,000). Placed
privately with Mutual Life Insurance Co. of New York.
series
Co.
General Froducts,Corp.>i>f .New Jersey 119,000 shares of
297,500
IRON, STEEL, COAL, COPPER, ETC.
$1,679,778 American
Gair & Co., Inc. 3Vs% collateral trust notes,
due April 1, 1966.
Purpose, refunding ($3,000,000), pursecurities of
St
Purpose,
*6,000,000 (Robert)
of
, Corp.
10,693 shares of common
Price!, $17 per share.
subscription to common stockholders.
MOTORS
due
Insurance
Unsubscribed
Rollins & Sons, Inc.;
H.
Loeb
*$1,080,000 Superior Steel Corp. 27,000 shares of common stock
(par $100). Purpose, additions to equipment, etc. Price,
$40.
Sold privately to less than 20 persons for invest;
ment by Spencer Trask & Co.
sinking fund notes due
of notes,. corporate
Life
Radio Corp. 219,571 shares of
Purpose, expansion, working cap¬
1,600,000 Galvin Manufacturing Co. 80,000 shares of common stock
(par $3).
Purpose, expansion, etc.
Price, $20 per share.
Offered by Hickey St Co.
(Inc.).
$20,281,781
^
1961;
Purpose, prepayment
Sold privately to Mutual
York.
*
'
chase
Co.; Central
*100,000 South Atlantic Gas Cot 10,000 shares 5% cumulative pre*
ferred
stock (par $100).
Purpose, corporate purposes.
Price, $102 per share. Placed privately.
.
(par $1).
>
■
Telephone
for
Offered
stock
2,729,640 (Robert) Gair & Co., Inc. 410,481 shares of common stock
(par $1).
Purpose, mill construction.
Price, to stock¬
holders $6.50 per share; to public, $9,375 per share# ON
"
);
ferred for subscription to stockholders. Unsubscribed shares
; (21,396) underwritten by, Ladenburg. Thalmann Ac Co.t
Lazard Freres 6c Co.; A. C. Allyn St Co., Inc.; A. G. Becker
& Co. Inc.; H. M. Byllesby & Co., Inc.; Collin, Norton 6a
Co.{ Carl M. Loeb/ Rhoades & Cel.; Riter & Co,; E. H»
Rollins & Sons, Inc.; Spencer Trask St Co.; Wellington
v
As Co.; Wertheim St Co.:; White, Weld 4s Co.* gnd Kuhn, ;
(par. $10). Purpose, refunding^
stock
common
Offered for subscription to
shares
(12,217)
offered by
Eastman, Dillon & Co.; W. &
Hutton & Co.; Hemphill, Noyes & Co,; Hallgarten & Co.;
Riter & Co.; H. M. ByJlesby and Co., Inc.; Dean Witter
& Co.; Wagenseller & Durst, Inc., and Kuhn, Loeb & Co>.
(Inc.);
Crosse
181,781 La
6f
work¬
Offered by Bond 60
Price, $15.50 per share.
stockholders.
E.
(Inc.); Equitable Securities Corp.; Harris,
The Wisconsin Co., and Vietor, Com¬
Co.
Co.,
stock
common
ital.
mon, Dann & Co.
sinking fund de¬
corporate
•;
.h
1,
'
3,403,350 Farnsworth Television 9c
I-
Co.; Tucker, Anthony & Co.; White, Weld &
Price, $4.50 per share.
Inc.
Goodwin,
Schoellkopf, Hutton & Pomeroy, Inc.; Spencer Trask &
;
v'.;'.;;:
2%%
Corp.
Inc. 175,000 shares
Purpose, retire existing loans and provide
600,000 Ebaloy, Inc. 75,000 shares of common stock (par $1). Pur*
pose, refunding
($50,000), discharge bank loans, working
capital, ($550,000). Price, $8 per share. Offered by Web*
ber-Simpson 6c Co.
•
-
Hilliard & Son;
B.
purposes.
New
notes due Jan. 1,
working
capital
Offered by Loewi & Co.
.
capital' stock (pa#
Inb. 50,000 shares of
prepayment of notes.
Price, $30 per
by Dillon, Read & Co. Inc.; Courts & Co,
S. Dickson & Co., Inc.
(par $1).
and int.
Price, 100Vst
The
Co;
&
ing capital.
•
with
MANUFACTURING
*2,000,000 Colonial Mills, Inc., 15-year 3
-
of
Society
Assurance
Stix & Co.;
Purpose,
R.
and
S.
,200,000 Gabriel
.-■*
1966.
1,
privately.'";.<: ;;^
placed
Life
Gardner;
61
*250,000 Di-Noc Co. 50,000 shares of common stock (par $l)i Puw
pose, to increase plant facilities.. Price,; $5 per share. ^ol4
privately.
>
,
_
3V2%
due
(1.15%*
note&
refunding ($2,064,000),
($436,000). Price, 100 and int.
Reinholdt
Offered
share.
Purpose,
:v
bentures
,
.Purpose,
Equitable
to
,
$20 per Share.
Co.,
Dain
M.
•
■/v'<4;
OTHER
!V
j
PUBLIC UTILITIES
$20,000,1300 Central New York Power Corp. 200,000 shares of cumu*
v/
lative preferred stock, 3.40% series (par $100). Purpose,
refunding.
Price, $101.50 per share. Offered by Morgan
Stanley & Co.; Blyth 81 Co., Inc.; The First Boston
Corp.;
Glore, Forgan & Co.; Goldman, Sachs & Co.;
Kidder,
Peabody & Co.; Kuhn, Loeb & Co.; Lehman
'
Brothers;
Mellon
Securities
Corp.;
Smith, Barney &
Co.; Clark, Dodge & Co.;
Coffin & Burr, Inc.; Drexel
Co.; W. E. Hutton & Co.; Lee Higginson Corp.; Merrill
Lynch, Pierce, Fenner & Beane; F. S. Moseley & Co.;
>
;
privately
Meeds;
Inc.}
1,500,000 Colonial Millst
serial
Co.
Service
at their offering prices.)
computed
8& Co.J
Union Securities Corp., and White,
$53,840,000
'
(Issuer Maturing up to
"
k
.
Co.; Bacon, Whipple & Co.; A, G. Becker 6a
Central Republic Co., (Inc.); The Illinois Co.;
Kebbon, McCormick 81 Co.; Pacific Northwest Co.; Quail
& Co.; Reynolds & Co.j Riter 61 Co.; I. M/ Slmon & Co.S
Smith, Moore & Co.; Stifel, Nicolaus •& Co., Inc. and J*
,,,
^
*
Co.
Wisconsin
Co.,
STOCKS
*
» «
Bisseli &
(Preferred stocks of a stated par value are taken at par, while pre*
ferred stocks of no par value and all classes of common stock are
Sachs & Co.; Halsey, Stuart St Co. Inc.;
1975;
PubUe
1947-1961.
due
($75,000).
corporate purposes; Sold pri*850,000 South Atlantic Gas Co. series B 1st mtge. 3V2 % bonds
vately to Connecticut Mutual Life Insurance Co., Massa¬
chusetts
Mutual - Life
Insurance
Co.,
and Wilmington
Savings Fund. Society.
1,
due Jan.
'V* '
.125,000 Midland Finance Corp. series C 4% %
1951.
Purpose,
refunding
($50,000),
Kebbon, McCormick & Co.; Kidder, Peabody &
Securities
"
.
&
Moseley & Co.; Shields & Co.; G. H. Walker & Co.; Laird,
V'-:;
7B7,500 Drug Products
Higglnson Corp.; Lehman Brothers; McDonald & Co.;
Minsch, Monell & Co.; Morgan Stanley & Co.; Pacific.
Co. of California; Smith, Barney & Co.; Stone & Webster
<
k
Cftntor
Union Securities Corp.; Lee Higginson
Corp.; O. H. Wibbing & Co.; W. E. Hutton & Co.; F. 3,
s
MISCELLANEOUS
•
■
r / '
V
G.
Purpose,
Lehman Brothers;
,
,
l<" /"
4
provide additional funds
the U.
I
t
r
;
and Including Five Years)
Sold
Massachusetts Mutual Life Insurance Co.
&
»■
PUBLIC UTILITIES
to
23,200,000 Saguenay Power Co., Ltd., 1st mtge. 3 % sinking fund;
.>
bonds, series A, due March 1, 1971. Purpose/ refunding.
Price, 105 per share and div. Offered by Mellon Securities
Corp.; Blyth & Co., Inc.; Brush, Slocumb St Co.; Dillon, '
Read St Co. Inc.; The First Boston Corp.; Glore, Forgan
Ripley
I
-
2.60%)
J. B. Hanauer & Co.;
Wirtslow,
•1,500,000 Kankakee Water Co. 1st mtge. 3% bonds, series C,
Jan. 1,' 1971. Purpose, refunding.
Placed privately
Harriman
'
\
*$2,500,000 Southwestern
companies.
& Co.; Goldman,
Stirling,
Inc.;
Co.,
$7.50).
•
1
'/
.
'
»
& Co.;
Morris & Bousman;
W.
Clucas & Co.;
&
Co.; A. M. Kidder & Co.; State Investment Co.; Brailsford
&
Co.; 'Link, Gorman & Co., Inc.; Dempsey-Tegeler &
Co.; Reinholdt & Gardner; H. G. Bruns & Co.; H. O.
Peet & Co.; Bioren & .Co.; Hall, Tattersali d? Co., and
*
Southern Utilities Co. 1st mtge. 314% bonds due
Oct. 1, 3975. Purpose, refunding. Price, 104.9063. Sold
privately to ten insurance companies.
*3,290,000 Iowa Southern Utilities Co. 4% sinking fund debentures.
Purpose, refunding. Price, 104.465, iSold privately to ten
^
"V
:
& Co.; Clayton Securities Corp.; E.
Cohu & Torrey; Courts & Co.; Grimm
B.
Industries,
$1).
(par
subsidiaries,
H. Johnson
R.
Blosser;
&
Straus
Co.;
Baker &
Stearns & Co.; Blair &
line.; wm. E. Fblleck & C&, Inc.; R. W. Pressprich
Li F. Rothschild & Co., aftd Thomas & Co.
insurance
of
by
Into. 100,000 shares of capital stock
prepayment of bank loan used to
refund 7% preferred stock ($2,500,000), general corporate
funds, ($1,150,000). Price, $36.50 per share.
Offered by
Smith, Barney & Co.; Newhard, Cook & Co.; Blyth 6c Co+
Inc.;
Eastman, Dillon & Co.; Goldman,
Sachs & Co.;
due
Slocumb
Short-Term Bonds aiid Notes
♦10,000,000 Iowa
V;
loans
bank
pay
'/^McDonald dt Co;
■
Otis & Co.; Perrin, West &
Hornblower & Weeks;
"
'
bonds, 2% % series due
Halsey Stuart & Co. Inc.; Bear,
Co., Inc.; Gregory & Son, Inc.;
|
&
Amott,
Brush,
1
Purpose,
debentures
com*
150,000. shkres of common stock
corporate purposes. Price, $4.25 pef
Purpose,
Offered
3,650,000 Clinton
fund
sinking
Price, 105 and int. Offered by
refunding.
Purpose,
1976.
•
shall
;■ J
1>'S\
$193,928,000
$1).
(par
n
of constituent company. - Price, 98 and int.
Herrick, Waddell & Co., Inc.; Maxwell, Mar-
acquisition
••
5%
Corp.
1961.
1,
Feb.
Redpath; Baker, Weeks >■
Co.; Stockton Broome
1:
MISCELLANEOUS
,
Foods
Co.;
637,500 Clarostat Mfg. Co., inc.
and Kuhft, Loeb & CO.
1
,,
$1,000,000 Airline
Hirsch ,&
Co.;
&
,v
share.
Atwill and Co.; A. E»
Burr
per
share.
Dempsey & Co.;
'y ® COi>
M. Freeman & Co., Inc.; B, G. Cantor & Co.;
J. C. Bradford & Co.; Courts & Co.; Robert C. Jones «Ss
r*
;l
Co., and Clayton Securities Corp.
;
'
& Co., Ihc.,
by
stock
$10.75
Price,
capital.
,
Stroud & Co., Inc.; A. M. Kidder & Co.; E. W. Clucas
/A-y-
1
'•
f);; Webster Securities Corp.; A. C. Allyn & Co., Inc.;. W, C.
|
1
Langley & Co.; E. H. Rollins & Sons, Inc.; Reynolds &
Co.; McDonald & Co.; Boettcher and Co.; Ames, Emerich
Ltd. 143,925 shares of common stock
purchase of plant equipment.
Price,
working
&c„
Offered
.
,
Purpose,
E.) Carpenter & Co. 50,000 shares of common
$1).
Purpose, acquisition &c. of constituent
pany,.
■
•
.
H.
Inc.;
Co.,
(par
i
;
Inc.; Irving J. Rice
Co.; Frederick S.
Inc.; Herbert W. Schaefer & Co.; Swaia
$2 per sharc- Offered by Bond & Goodwin, Inc.
COMPANIES
'
Co.,
Brilhart,
$1).
(par
AND HOLDING
&
287,850 (Arnold)
.<
TRADING
TRUST,
INVESTMENT
M. Byllesby and Co., Incorporated; Byrd
Brothers; Caldwell, Phillips Co.; John B. Carroll & Co.;
C
F
Cassell & Co,; Central National Corp.; City Securities Corp.; Clayton Securities Corp.; Coffin & Burr, Inc.;
c. C. Codings and Co., Inc.; Cooley & Co.; Courts & Co.;
Davenport & Co.; R. L. Day & Co.; Dempsey & Co.; Dick
& Merle-Smith; R. S. Dickson & Co., Incorporated; John
M Douglas; J. H. Drass & Co.; Francis I. duPont & Co.;
R. J. Edwards, Inc.; Clement A. Evans & Co., Inc.; Farwell, Chapman & Co.; Fauset, Steel & Co.; Ferris & Co.,
Inc.;
Field, Richards &. Co.; First California Co.; The
First
Cleveland Corp.; , The First Trust Co. of Lincoln,
Neb.; Foster & Marshall; M. M. Freeman & Co., Inc.;
Graham, Parsons & Co.; Green, Ellis & Anderson; Greenman & Cook, Inc.; Greenway & Co.; Gregory & Son, Inc.;
Hallowell, Sulzberger & Co.; J. B. Hanauer & Co.; Harley,
Haydon & Co., Inc.; Harris, Hall & Co. (Inc.); Carter H.
Harrison & Co.; Robert Hawkins & Co., Inc.; Hirsch &
Co.; Investment Corp. of Norfolk; Johnson, Lane, Space
and Co., Inc.; R. H. Johnson & Co.; Edward D. Jones &
Co.; Kalman & Co., Inc.; Kean, Taylor & Co.; Thomas
Kemp
& Co.;
Kinsley & Adams; John Kormendi Co.;
Laird, Bissell & Meeds; W. C. Langley & Co.; Lawson,
Levy & Williams; Leftwich and Ross; Martin, Burns &
Corbett, Inc.; Marx & Co.; Mason-Hagan, Inc.; Mason,
Moran & Co.; McMaster Hutchinson & Co.; Wm. J. Mer*
icka & Co., Inc.; Merrill Lynch, Pierce, Fenner & Beane;
Metropolitan St. Louis Co.; Milhous, Martin & McKnight,
Inc.; E. W. & R. C. Miller & Co.;> The Milwaukee Co.;
Minsch, Monell & Co.; Moore, Leonard & Lynch; Mullaney, Ross & Co.; Nashville Securities Co.; The National
Co. of Omaha; Newburger & Hano; Nusloch, Baudean &
Smith; Alfred O'Gara & Co.; Otis & Co.*; Pacific North¬
west Co.; Park-Shaughnessy & Co.; Patterson, Copeland
& Kendall, Inc.; Hoyt Peck Co.; Peters, Writer & Christensen, Inc.; Wm. E. Pollock & Co., Inc.; R. W. Pressprich
& Co.; Putnam & Co.; The Ranson-Davidson Co., Inc.;
Rauscher, Pierce & Co., Inc.; Redfield & Co.; Reinholdt
& Gardner; Daniel F. Rice and Co.; E. H. Rollins & Sons
Incorporated; Rotan, Mosle and Moreland; L. F. Rothschild
& Co.; M. A. Saunders & Co., Inc.; Schoellkopf, Hutton &
Pomeroy, Inc.; Schwabacher & Co.; Scott, Horner & Ma¬
son, Inc.; Chas. W. Scranton & Co.; Seasongood & Mayer;
Robert Showers; Sills, Minton & Co., Incorporated; I. M.
Simon & Co.; The Small-Milburn Co.; Smith, Moore & Co.;
Stern Brothers & Co.; Stifel, Nicolaus & Co., Incorporated;
Stix & Co.; Walter Stokes & Co.; Sutro & Co.^Sweney
Cartwright & Co.; Thomas H. Temple Co.; Thomas & Co.;
Townsend, Dabney & Tyson; Wachob-Bender Corp.; Watkins, Morrow & Co.; Webster & Gibson; Weil & Arnold;
Wheelock & Cummins, Inc.; White, Hattier & Sanford;
Harold E. Wood & Co.; Woodard-Elwood & Co.; Wurts,
Dulles & Co.; F. S. Yantis & Co., Inc.; and Yarnall St Co.
&
Metropolitan
with
Co.,
& Co., Inc.; C. F. Cassell & Co., and Grimm & Co.
v
$7,360,000 Tri-Continental Corp. 27/s % debentures due March 1, 1961.
r
Purpose, refunding.
Price, >102 and int. Offered by Union
Securities Corp.; Blyth & Co., Inc.; Goldman, Sachs & Co.;
Kidder, Peabody & Co.; Mellon Securities Corp.; Stone &
Harden;
Co ;
■
privately
&
Robinson
i
loan.
r/ S',
& Co.;
•
1st mtge. 4%
10-year
Mead,
Meeds;
Putnam
$3,749,000
The Bankers Bond Co., Inc.; Barrow, Leary
Jack M. Bass & Co.; Baum, Bernheimer Co.; Bear,
Stearns & Co.; Biddle, Whelen & Co.; Bingham, Sheldon
& Co * Bioren
& Co.; Blair & Co., Inc.; Boettcher and
Co.; Bosworth, Chanute, Loughridge & Co.; H. F. Boynton & Co., Inc.; J. C. Bradford & Co,; Braun, Monroe and
&
Corp.
Broadway
Life
G. H. ; Walker & Co.;
Weeded & Co., Inc.; White, Weld & Co.; Whiting, Weeks
& stubbs; The Wisconsin Co.; and Dean Witter. & Co;
Union Pacific HE. ref. mtge. bonds, series C 2xk%
due
1991.
Purpose, refunding.
Price, 102.19 and int. Offered
by Halsey, Stuart & Co. Inc.; Allison-Williams Co.; Almstedt Brothers; Geo. G. Applegate; Arnhold and S. BleichCo •
&
?
refunding.
P°se>
;
*3,500,000 61
House & Co.; Dempsey & Co.; Laird, Bissell
Irvine & Co.; Pitman & Co., Inc.; F. L«
rerd; Curtlss,
.
10-year Income notes. PurSubscribed for by holders of first inc. 6s.
$249,000 61 Broadway Corp. (N. Y.) 6%
Merrill,^ Turben &
Minsch, Monell & Co.;
Co.;
Louis
St.
ETC.
BUILDINGS,
&
-
Beane;
&
Fenner
•-
—-
•
Mellon Securities Corp.;
Company;
i
•
2337)
(Continued from page
-r:
•
Monday, April 29, 194^
FINANCIAL CHRONICLE
THE COMMERCIAL &
2340'
due
Placed privately'
-':-
Cohu
&
Francis I. duPont
& Co.; George D. B. Bonbright & Co.; J. C. Bradford &
Co.; Bull, Holden & Co.; E. W. Clucas & Co.; Coburn &
Middlebrook; Doolittle, Schoellkopf & Co.; Nelson Doug¬
lass & Co.; Nelson, Browning & Co.; Taussig, Day & Co./'
lnc;'>
Torrey;
Johnson,
,
Newburger
Lane,
Space
&
Hano;
and
Co.,
Inc.;
McAlister,
ii5 ,Pale' toe.; Berwyn T. Moore & Co., Inc.; Ames,
Eiuerioh & Co.,
inc.; Buckley Brothers;
Butcher &> Sher«
50,000 shares of common
stock (par $1). Purpose, corporate purposes/ Price (ap¬
proximately) $11% per share. Placed privately by Buckley
Brothers.
\-.v/
•'•"/•/•
*575,000 Lakey Foundry
/;
>
•
& Machine Co.
5,225,000 (R. G.) Le Tourneau, Inc. 50,000 shares of $4 cumulative
preferred stock (no par). Purpose, refunding ($2,596,755),
purchase of machine tools, building, etc.
($2,628,245).
Price, $104.50 per share and div. Offered by Alex. Brown
& Sons; F. S. Moseley & Co.; Dean Witter & Co.; Kebbon,
McCormick & Co., and Shields & Co. ''
2,081,250 Logansport Distilling Co., Inc.
stock
(par
struction
per
share.
of
185,000 shars of common
acquisitions, con¬
etc.' Price, $11.23
$1). Purpose, pay loans.,
plants, working capital,
Offered by Lehman
Brothers.
[Volume }.l 63,
1
*650,000 Logansport
.
V
i
:
Distilling
THE COMMERCIAL & FINANCIAL CHRONICLE'
Co.,
Inc.
6,500 shares of
4Va%
cumulative convertible preferred stock (par $100).
PurPose, refunding,; Price, $101.25 per share and div.; Sold
;
'Vl'.^.vV
L
Number 4485
;
privately, to
Lehman
Brothers
and
certain
of
;M.
:jV
company's
$104
share
per
Noyes
&
Co.;
and
E.
div.
H.
Offered
Rollins
by
Sons
&
Eastman,
Inc.;
Dillon
Shields
&
Stern
Oil
Ventures
(Par
$1)»-
Brothers
Ltd.
Co.
&
'1,500,000
Purpose,
drilling
a
,
of
shares
etc.
(no
par).
l :'v:
acquisitions, etc. Price, $12.50; per share.
the New York office of Gilcrease Oil Co* of
by
sli'Jfv-V-Webber,
A
$3,500,000 Seiberling Rubber Co. 35,000 shares of 4V2%
j:^|^^D°nald & Co.
600,000 Lynchburg Foundry
]
1
"
,
1
i
i
I
i
share.
&
Offered
Co.
Purpose,
;
$50
»
I
'(•
"'i
•
<
,
'yt'it
:.ti:
P
.
by
100,000
Alison
shares
&
Co.
of
;
stock
common
I
$1),
construction, working capital. Price,.
by -Goldman, Sachs & Co.; LehBaker, Weeks & Harden; Blyth & Co.,
Brothers;
Inc.; Dillon, Read & Co. Inc.; Drexel & Co.; First.Boston
Corp.; Giore, Forgan & Co.; Harriman Ripley & Co., Inc.;
Hemphill, Noyes & Co.; Hornblower & Weeks; Kidder, ?Peabody & Co.; Kuhn, Loeb & Co.; Laird,' Bissell' &
AryA/AA'
Meeds;
Mellon
Securities
Corp.;
12,240,000 Merck
&
Kidder,
&
r
TRADING
Webster
'
'
..
$6
,
,
share.
per
debentures
-
4,000,000
4477,000 Natlonal
Gypsum
preferred
stock.
per
-v:
.
■-
share.
not
•
Co.
more
$4.50
for
persons
&
A
:
investment.
-
$100
with
•
jper share.
.
„
Offered by
143,195 Resistance
r
'
$1).
(par
,
u
Welder
share.
Purpose,
Offered
-
110,150
working
by Moreland
shares
'.
'245,030. Standard
Varnish
.
and
capital.
Price,
$1.30
stock
i:|
'
,
|
(no par). Purpose,
Offered to stockholders. '
S
stock
;
.
I
' J
■:
'
•
•
.
•
I •
\
Of
4 r/c
"
•
>
(Inc.);
Inc.
J '*
;
The
Purpose,
general
corp-
shares
Stores,
V'; ;t
;
&
Co.;
White,
851,851 <L;
&
Co.;
Dean
Witter
&
Co.;
I
'
ri
Co.;
Co.;
M. Marks
Hayden, Miller & Co.; Janney & Co^; Laurence
Merrill Turben <St Co.; Maynard H. Murch & Co.;
& Co.; Riter & Co.; Tucker, Anthony & Co.; G. H. Walker & Co.; Ball, Burge & Kraus;
George D. B, Bonbright & Co.; E. W. Clark & Co.; J. M.
Gain & Co.; H. L. Emerson &
Co., Inc.; The Milwaukee
! YYY-'Y
& Co.;
•f•?:?!&<Otis <fe Co.; Reynolds
L:
:
::
•
,
'
»
Co.;
Moore,
Leonard
Co.; The Ohio Co.;
J ;
'
:
&
Co.;
Chas.
&
Lynch;
Piper,
W.
H.
Newbold's
Son
working capital, etc.
to
shares
&
forking
4,275,000. Thompson Products, fine.: 75,000
:
(no par).
,
shares^ of common
Purpose, general corporate purposes.
Per share.
Offered by same bankers as
shares of preferred stock (see foregoing).
2,700,000
r
!
290,000 Tri-United Plastics Corp.
•
f
(par
etc.
,
1
50c).
Purpose,
$43
j,
$2.25
145,000 shates of cojmmon stock
enlargement, working capital,
Offered by L. Di Sherman & Co.
plant
Price, $2 per share.
share.
per
Offered
for
subscription
to
capital,
etc.
Price,
$8
per
share.
Offered
299,400 Ventnor -Boat Corp. 59,880 shares of 6%
;
*
by
A
':
unit
■
of
Offered
290,000 Wilcox
,
.
1
.
•
'
.
J
,,
'
f
'
i
J'
n
!;
'
|
'-:y
j
&
t'1'
-
Co.,
Inc.
Farrell
&
t
share
of
Kobbe,
common.
Gearhart
Noyes
'
i;
V
Co.,
and
46,734
W.
C.
Seltsam
shares
Langley
Jackson
P^pose, plant addition,
!
pfe'-$hare.
"
Offered
pitferred stock
C'V
■:
—
$101,142,463
-
'
,
^
•
(see
and
of
Co.
■
'
-
'..
'5
..
.
)'!
|
|
'
?
.
&
&
Co..*, Dean
Curtis,
Witter
Riter
v '
'
'
*
'
•
!.(
1
&
Co.;
Alex.
.
;
J
•
V
.
shares
of
Price,
13,000
-
same
''
Coihand
Oil
J
Corp.
Investment
t
-
The
Brown
& Co.;
Tucker,
•,
i
Inc.
-
:■£$ I
;
v--.v;.:A:
■
••
$25
V
AV* 7c
&
rA/AA-
i.r"
'"con-
,
'
•
A
>
~
,
:
,
ards
a/ A
Co.
;
y-y
Co.;. Wertheim
&
of
Co..
First
Chicago,
Granbery,
fiscal
agent,
of
Foster
2,624,800
New
478,194, shares
Atwill
per
&
rD'AvAA
Co.,
Johnson, Lane,
& Co.,
Kalman
&
Space and
Co.
Inc.,
,
.
of
stock,
common
51,000.
$4.75
comrada
(no
by ,;>•
pAf>.
shares
of
share.
per
&
Offered
-
Co.
-'A'
stack'"
common
by
First
;
Co.
120,000 /shares
of
common
Price, $20 per share.
Offered by Hickey;
(par S3).
(Inc.), •
1
,
v»«
& Co.,
,
Blyth .fit Co.
Inc., The First Boston Corp., Smith,
& Co.,";W. C. Langley & Co., A. G. Becker & Cm.:
Noyes & Co., E. H. Rollins & Sons Inc.,
Shields & Co.,
Merrill Lynch, Pierce, Fenner & Beane-,
Hemphill,
California
Co.,-Nelson
Bateman,
Co.,
First
Douglass
Eichler
of Michigan
&
Co.,
&
Co.,
Piper,
Hill,
Corp.,
.
Scherck,
Jaffray
Richards
AV/
&
Co.,
Intf.
&
Sons; Inc. 26,248 shares '08 4V*%'.
preferred stock, series A (par $100).
Price, A:
share and div.
Offered by Eastman, Dillon St
Co., Union Securities Corp., Kuhn, Loeb & Co., Blyth A
Co., Inc., The First Boston Corp., Smith, Barney & Co.,
W. C. Langley .& Co., A. G. Becker & Co. Inc.,
HempftiUV^
Noyes :& Co., E. AHA Rollins & Sons Inc.; Shields St Cm., '
Merrill Lynch, Pierce, Fenner & Beane, Scherck, Richtstt
Co., Bateman, Eichler &.Co., Piper, Jaffray A Hopwood^
First of Michigan Corp.; Hill,'Richards & Co. and Me-/.
(M.)
Lowenstein
per
Donald &
*
'
1
Co.
.
.
Lehman
and
&
Co.,
Co.,
'
;
>
1
Inc., Johnston, Lemon
M.
Kidder
&
Co.,
Kirk-
;
&
Co.,
/
•.--w.""//
iy ■■
■
♦
.
common
Wertheim
& Co.
Standard
Oil
&
Co.
AX"
A:
and
Aa,'.
•
Co.
,.
White,
Weld
a-/:;
a
-:?.r
(N.
J.)
(par'" $25)'.
Price,
$64%
A Kidder, Peabody & Co.
.
315,200 Universal
Winding
(par $5).
Price, $8
•
...
&
Janney &
Walker
H.
YkY Anthony
tl,066,213
A'';
202,500 Waltham
Price,
Watch
$20V4
per
-
shares"'o^aphal .fitoak
share..*
.Gj^gigtaVei--" wMA
A
.'-Y ~Y>
shares
bf "common
share.
Offered
by/Reynolds
10,000
Co.
per
Co.
16,467
shares
39,400
.
o*
stock
.
& Go.
■
stock.
common
share.
Offered by Blyth & Co., Inc.
695,000 Weyerhaeuser Timber Co. 10,000 shares of common stoeh.
'
per
:A(;:.
Price, $69% a share. Offered by Blyth & Co., Inc.
331,650 Wilson Brothers
13,266 shares of
5%
preferred
stock
(par $25).
Price, $25 per share and div.
Offered by
:,
Y'Yf'Y; : /
A' AAA
Hemphill,
Witter
Co.
&
Noyes
Co..
&
Paine,
Co.,
W.
Webber,
C.
Langley
Jackson
&
&
Co.,-
Curtis,
Dean
Riter
&
and
George R. Cooley & Co.; Inc.
YY
150,000 Wilson Brothers 20,000 shares of common stock (par $1). /
Price,
$7.50 per
share.
Offered
by
same
bankers
as
Co., Hallgarten
Harper & Son &
&• Co.,
:
v,
18,000 shares of
Co.
898,380 Pittsburgh; Steel Co. 52,080 common shares,, ,P^>iL$lTy«
per share.
Offered by Mellon Securities ;Corpf(^0(! J(.rr
900,000 Remington
Rand
Inc.
25,000 shares of, cbmmoJX^tock
v.«
(Par $l)v>? Price, $36 per
share..
Offered
;
Co.,
Cohu
f
''Y"-*J
&
$50
&''Co,;/'
of
Scott &
Co.
A.
of
Originated with Reynolds
Corp.
Price,
shares
share.
Offered
Witter & Co.
per
Dean
stock (par $TKAA
per share.
Offered by Goldman, Sachs & Co., a
A
Lehman Brothers, Baker,- Weeks & Harden, Blyth & C«.,A;
Inc., Dillon, Read & Co., Drexel & Co., First Boston
Corp., Glore, Forgan & Co., Harriman Ripiey & Co. Ine.,
Hemphill, Noyes & Co., Hornblower St Weeks, Kidder, *
Peabody & Co.,
Kuhn, Loeb & Co., Laird, Bissell St
Meeds,
Mellon A Securities Corp., Merrill Lynch,
Pierce,
Fenner & Beane, Morgan Stanley & Co., Piper, Jaffray St Hopwood, Smith, Bamev & Co., Smith, Moore & Co.,)
Stone & Webster Securities Corp., Union Securities Corp-., ;
;,
:
Corp.,
First
Securities
Marshall, Graham, Parsons &
Lord, Grande & Co., Inc.,
& Co., Hornblower & Weeks, W. E. Hutton
;
share.
43,750
$34
and
8,420 'shares
Electric
G.
A
A
Co., Hannahs, Ballin & Lee. Win. P.
Co., Hawley, Shepard & Co., Hayden, Miller & Co.,
Hayden, Stone fit Co., Hemphill, Noyes & Co.,
Henry Herrman
/■
Co.
Price,
Corp.
.
Offered
Whipple
Clucas
&
I.-;..
stock
by -BTytA
Lowenstein & Sons, Ino. 325,000 shares of coipmim
stock1' (par $1). ' Price, $21 per share./ Ottered by Ea»tman,
Dillon & Co.; Union Securities Corp., Kuhn. /LoeB
$104
&
Green, Ellis & Anderson, Grubbs,
YYYY- Y'YM
common
cumulative
Michigan
&
•
of
Offered
Manufacturing
Richter
FINANCING
Price, $35 per share,
Co.„ Glore Forgan fit Co.,
Marache
Power
$10).
Boston
Co;
Hopgood,
-
.
shares
share.
per
Bingham, Walter; A Hurry and Rogers" & Tracy,
per
& Co., Curtiss, House & Co.,
Dempsey & Co., Dewar* Robertson fit Pancoast, R. S.
-<Dickson & Co., Inc., Francis I. duPont & Co.,
Equitable
Securities
Corp., Clement A. Evans & Co. Inc., Fahey,
Clark
&
Co.,
Farwell,
Chapman
&
Co., ; Field, Rich-^
a:-A':Co.,
60,000
Co.
$37V\
«
10^).
First
common
par);
W.
C0.r
Barney
Y'f'1?;Toi'rc'y, Cooley & Co.,-Courts
of
A, Co.; Farwell, Chapman & Cp..; First,California Co.; First
of Michigan Corp.;
Graham, Parsons & Co.; The Illinois
Co.; Kalman & Co., Inc.; Kebbon, McCormick & Co.; Carl
NEW
E.
&
YY''
'
Suburban Telephone Co. 500 shares of caj>-'
$106 per share. A Offered by Field,
$47%
par
Inc.,
v
Wisconsin Company; William Blair'& Co.;
& Sons; Paul H. Davis & Co.; Estabrook &
Dunn,
Chemical. Corp.
Corp.,
Freeman
.
«
'
Clarke
M.
M.
Bradford
6,825,000 (M.)
v
/''
of
V Ball, Burge & Kraus, Bear, Stearns & Co., A. G. Becker
; -'Co;)
Inc., Blair & Co., Inc., William Blair & Co.;
ahfupii4ii;,,:?B6ett6ner and Co., J. C. Bradford and Co., H. M. Byllesby
•loV^^voiiaftia
'• inc., C. F. Cassell & Co., Central National
Corp.,
Cha^e;}'Whiteside & Warren, Inc.,-. E. W. Clark & Co.,
.
f-.hsialv
^Richard'1 W.
purchase
(no
C.
and Clayton Secttrt-
.
v
Y iA
toy, .Kuhn, Loeb &
Ay Ci Brothers,
A. C.
Allyn
and
Co.
Inc.,
'
Auch|ncloss, Parker & Redpath, Bacon,
stock.
Anthony
stock
&
& Co.,
1,197,000 General Instrument Corp. 63,000 shares of common stock A :
(par $1). Price, $19 per share. Offered by Burr & Co.,
Inc., Hirsch & Co., Dempsey & Co., A. M. Kidder & Co.,
Butcher St Sherrerd,
Otis St Co., Stroud & Co.
lae.,.
g, D- B; Bonbridgt & Co., Lester St Co. and Young A
Co.; Inc;■;AAA /
;
•
*
-
A""''
.
$50).. {-Purpose,
Trust
class- B
1
80,CidO* scare's '6f
(par
»"
k
stock-!(pat $l¥.
A
REPRESENTING
16,736,790 American * Potash
.
Co.,
Pricei^$7.50t
NOT
A-'-^lA'AA A':aHa,..
Central
&
stock
&
Foreign Power Co. Inc. 32,000 shares of $7
'preferred stock (no par).
Price, $118V2 per share (flat).
Offered by Tucker, Anthony & Co.
bankers a(as<!offeredoiithh1
■
Charles ;R.
Clucas
Price,
(par
St Co.
$3,972,000 American
pre-
&
.
Price,
First
2,400,000 Galvin
management
29,700 shares
shares
York.
;
common
,
Spencer Trask
j
•
.
by
W.
Colony Corp,
'
Offered
E.
Molybdenum
Price,
•
par.
.
.
FARM LOAN AND GOVERNMENT AGENCY
ISSUES
$38,950,000 Federal Intermediate Credit Banks
consolidated debentures, dated April 1, 1946, due Jan. 2, 1947.
Purpose,
refunding ($22,980,000), new money ($15,970,000),
Price,
.
...
,
"
.
'
'
Co;
Co.,
-
.
par),
900 ' 000 Merck
ISSUES
,
?
share.
Co.,
Pacific Co.:
Stern Brothers
$10.75
Co.,
&
stock. Ai
242,250 Dumont
Purpose,
corporate
purposes.
Price,
Purchased by stockholders and em-
par).
McThe-.
Kebbon,
.«fc
Co.',
&
B.
Price.
per
.
!
vployees.
■'[
Price, - $51.75
share and int.
Offered by,
Glore, Forgan & Co.;
Blyth & Co.,: Inc.; Merrill Lynch, Pierce, Fenner &
Beane;
Stone
& Webster Securities
Corp.; White, Weld & Co/;
C. Allyn & Co.,
Inc.; Central Republic Co.
(Inc.);
Drexel
& Co.;
Eastman, Dillon & Co.; Hemphill, Noves
& Co.;
Hornblower
&
Weeks;
W.
C.- Langley
&
Co.;
•
1
-A
per
Inc.,
1401,003 Deere
-
purposes.
Co.
&
Kidder
stock
k
foregoingU|tg
"i,vertible preferred stock
Southeastern
S
Inc.;
:
5cumulative
working capital, ietc.
by
'
$4,000,000 Anderson-Prichard
ital
The
$20,301,666
shares
Co.,
Co.
Brothers
&
1
&
ferred stock (par $25).
Purpose, corporate purposes,
including plant addition, betterments and working capital. Price, $25 per share and div. Offered by Hemphill,
Paine,:;; Webber,
«'
,
5,800
George R. Cooley & Co., Inc.
750,000 Wilson Brothers 100,000 shares of
j
one
and
.
I'",/..,
,
Hano
(no
$14.25
Grocery
Inc.,
Rhoades
•'
:A.
ar-v;'
79,242 shares of common .stack
per share.
Offered by Burr A
Dempsey & Co., Stroud & Co. Irte.,
&
Price,
'1,487,500 Colorado
•
cumulative
Purpose,
Lovett
Co.
Murch
Ind:u8tries,; Inc. 30,000 shares o-f cdo*--'
(par $5)*^ Price, $30 per share.v Offered by
& Mason, Inc. and Kirchofer and Arnold,
Hirsch
M.
(no
;■.
Electric
1,168,350 Wilson
]
and
stock
per
mon shares (par $l). Purpose/ corporate purposes/ Price,
$51 per unit of one preferred share (with
warrant) and
one common share.
Offered by Baum,^Bernheimer
Co.;
Prescott-Wright-Snidei Co.; Beecroft, Cole and Co.; The
Columbian Securities Corp.; Estes,. Snyder &
Lucas,
h
share.
185,250 Winn &
&
Loeb,
/^Aparitor A^;Cb^:; A; AAA;) x, '/•• .~YY:Y'; YY YY
a
corporate purposes.
Price,
Offered to .stockholders for subscription;
7
(par $50) of 5%
cumulative preferred stock, 1945. series {with
non-detachable common stock purchase warrants) and 5,800 com-
.
.
preferred
Newburger
stock.
mon
M.
W':
2,235,000 Climax
1
'
•
by
Co., Inc.
!
s
con-
Price, $5
of
corporate
Blair
William
382,500 Clarostat Mfg. Co. Inc.; 90,000 shares of common .stack
(par $1),
Price, $4.25 per share.
Offered, by B» O.
$17.9068, 9,450 shares at $18.3975.
Sold to officers
and employees.
<
250,000 United Fidelity Life Insurance Co. 10,000 shares of com¬
stock (par $5) and 59,880 shares of
(par 10c),
Purpose,* pay bank loan, consmall plant,A working - capitals
share
one
Purpose,
•
AA
■
450,000 shares of com
working capital.
Price,
and G. H. Crawford Co. Inc.
United: Air
Lines, Inc. 39,150
stock.
stock
struction of
;
,
stock
&
.
Richards & Co.
refunding ($72,100),
$25 per share and
Price;
Kalman
St Co.» Inc»
& Co., Inc.
shares of 5%
Purpose,
($127,900).
Company,
O- Cantor & Co., J.
Courts & Co., Robert C. Jones & Co.
at
preferred
common
/
;
|
683,918
-
vertible
i
)
A
""
Reynolds
cumulative
(par $25).
capital
Co.,
Carpenter
Co.
'
$6
A
stockholders,
& Co.'
i
8,000
Wisconsin
Co.,: "Carl
53,000 Cincinnati &
(par $1).
Purpose,
per share,
Offered by ? R.. H. Johnson & Co., New
burger & Hano, Buckley Brothers, J. C. Bradford &
Co.,
Herrick, Waddell & Co. Inc., Sutro Bros. & Co., Hirsch &
Co., Johnston, Lemon & Co., Grimm &
Co., Berwyn T.
Moore, & Co. Inc., Clayton Securities Corp.,
McAlister,
Smith & Pate, Inc., W, H. Bell & Co.,
Inc., J. B. Hanauer & Co., Jack M.
Bass & Co., Ferris & Co., Inc.,
Mead,
Irvine
Co., > Viviari M. Manning,. W. F. Coley &
Co., Inc.
(Y'"
560,000. Universal Winding Co. 70,000 shares of common stock
< par $5).
Purpose, construction, improvements,; working
.
I
*stock
40,000
2,863,415 U. S. Industrial Chemicals, Inc. 62,405 shares of common
stock (no par). Purpose, additional plant facilities. Price,
j vi
Eberstadt
Corp,
,
common'
Furniture
A-'i'SA/liAvXX/ties; Corp.
facilities,
(flat). Offered
Corp.*. unsubscribed
Maxson
Offered by Loewi & Co.
Pratfs Fresh Frozen Foods, Inc.
mon
Price,.'$57
offered
F.
L.
diV'/
;
j
stock
1
■
i.
by
W.
Illinois
$1).
Co.,
Price, $10 per share
of
Finance
preferred
&
& Hopwood; Prescott
Stroud & Co. Inc., and
Co.;
offered
200,000 Midland
Jaffray
W. Scranton
stockholders
The
x'a
E.)
A.
;,'a
,
Inc. 205,000 shards of common
stoqfc
(par 33c).
Purpose, corporate purposes.
Price, $5 per
share.v Offered direct to • public5 by
company. ,
•
297,498 Latfn American Airwaysj 'Inc. 99,168 shares of
common
stock (par $1).
Purpose, acquisition' of equipment, etc.
Price, $3 per share. Offered by Willis E. Burnside & Co.
4,750,000 Maxson Food Systems, Inc. 475,000 50c. convertible
pre¬
ierred stock (par $1).
Purpose, purchase of plant
Curtiss,
Co.; Fahey, Clark <fe Co.; Field, Richards &
First Cleveland
Corp.; Hawley, - Shepard St
Weeden
of
Horner
(par
•
Weld
House &
The
Co.,
&
stock
mon
InC'l
1
1,025,0CU Hood Chemical Co.
Beane; Paine, Webber, Jackson & Curtis; Spencer Trask
v
"i
shares
&
Scott,
Purpose,
•
Gibson,
&
425,000
Corp.
E.
900,000 Bassett
Z-'YYY
& Co.
■
.
Hornblower & Weeks; W. E. Hutton & Co.;
Peabody & Co.; Merrill Lynch. Pierce, Fenner &
Co.; Webster
Oil
Co.; Julien Collins & Co., Richard W. Clarke
Corp., Heronymus & Co., Hurd, Clegg & Co. and ;W*.
,'Lyons & Co,
'
"
'
A*
Inc.
stock.
&
$10).
&
The
Elwood
stock
.
&
sen
Inc., Rauscher, Pierce & Co. Inc., Reinholdt & Gardner, Riter & Co., I. M. Simon St Co., Singer, Deane A
Scribner, Sullivan & Co., Harold E. Wood & Co., Wood'ant-
•
..
1'
'
A
50,000 shares of common
(par $1).
Purpose, repay bank loan.- Price, $31 per
share offered by same bankers who offered the
preferred
-
Bros.
& Hopwood,
M. Adams & Co., Ames, Emerich & Co. Inc.,
Fitch & Co.? Inc., Boettcher and Co., Bos worth,
Chanute, Loughridge
&
Co.,
Dempsey &
Co.,
Devrsw,
Robertson & Pancoast, R. J. Edwards Inc., Loewi & Co..
McDonald & Co., Mullaney, Ross & Co., Newhard, Cook
& Co., Pacific Northwest
Co., Peters, Writer & Christen-,
ex¬
Illinois
of
Stein
Co.,
,
& Co.,
the
Offered direct .to stock¬
stock (no par).
&
) Barret,
•
20,000
: Stores, ' Inc.A 50,000
(Par
Co.,
'A";
i
;
expansion,
Price, $25 per share.
1,550,000 Grayson-Robinson
Noyes <fc Co.;
Kidder,
Co.,
Alstyne,_ Noel & Co.j and Kuhn, Loeb
cumula-
orate purposes. Price, $108 per share and div. Offered
by Smith, Barney & Co.; McDonald & Co.; Shields & Co.;
Clark, Dodge St Co.; Eastman, Dillon & Co,; Hemphill,
'
j
{
Shares
:
Republic
Walker
<jY^-Milwaukee' Co., Maynard H.
'&■ of California, Piper, Jaffray
(par
in
Starkweather
ley & Co., Spencer Trask & Co., Tucker, Anthony & Co..
cumulative
shares
H.
G.
f)A;?A'^;:;^A^C6rmick
Unexchanged shares and
Higginson Corp.; Blyth
Lee
,
Christenzen
&
Alex. Brown & Sons, Paul H. Davis. & Co.,
i'V. Estabrook
& Co., Farwell, Chapman & Co., First Cah,!.'<• fornia Co., First of Michigan Corp., Graham. Parsons ft
loan, working capital, etc.
Price, $52 per
share and div.
Offered by Emanuel & Co.; Allen &
Co.;
Buckley Brothers; Cohen, Simonson & Co.; Courts &
Co.;
First Colony Corporation; Carlton M.
Higbie Corp.; Hirsch
& Co.; Johnston, Lemon &
Co.; Laird, Bissell & Meeds;
Maxwell, Marshall & Co.; Newburger & Hano; Straus &
Blosser; Sutro & Co.; Taussig, Day & Co.,
Inc.; Van
of $2,50 cumulative, preferred
Purpose, working capital. Price, $64 flat.
by Blyth & Co., Inc.
A- / A A A ' ' •
5 ; 4,000,000 Thompson Products, Inc. 40,000
j YY.
tive preferred stock (par $100).
Central
by
(35,000
Scribner,
Wertheim
Xj A
4%
bank
repay
(par $50).
Offered
'Offered
cumulative convertible preferred
'
.
.230,000 Thermoid Co. 4,600 shares
>
Inc.;
offered
^ 2,620,000 Grayson-Robinson
per
/,
49,006
shares
of
common
refunding. Price, $5 per share.
.
Co.,
div..
Writer
Inc-i Wertheim & Co. and White, Weld & Co.
'„)r & Co.,
stock
common
& Co.
Works
Y^Y.YY.
■■
Price,
offered
as
of
Peters,
Republic Co. (Inc.), Drexel & Co., Eastman, Dillon & Co.
Hemphill, Noyes & Co., Hornblower & Weeks, W. C. LAftg*-'-''.
Co.;
••
40,000 shares
Neer-
Price,
$19
per
share.
Offered
by
Glore, Forgan & Co., Blyth & Co. Inc., Merrill Lynch,
Pierce,
Fenner: &
Beane,
Stone
&
Webster
Securities
Corp., White, Weld & Co., A. C. Allyn & Co. Inc., Central
A
..
holders.
of
.
).Y
bankers
same
preferred/stock.
additional
($250,000).
4
Carver & Co., Inc.
Corp.
-
shares pre¬
ferred stock series. A 4% .cumulative
dividend non-rating
(par
$25)...
Purpose,
refunding,
($250,000),
293,250 Ramie Mills of Florida, Inc.' 102,000 shares Of 'common
stock (par $1). Purposed working
.capital. Price,.$2.87XM
.A *
\
offered
&
&
stock
\
500,000 Eastern: Cooperative. Wholesale,
'V
<
by
Co.
Jackson <fe Curtis,
8,075,000 Anderson-Prichard
t
Co.; Whiting, Weeks & Stubbs; Paul H. Davis &
Co.;
Bacon, Whipple & Co.; Kebbon, McCormick 6s Co.; In¬
dianapolis Bond and Share Corp.; City Securities
Corp.;
Piper, Jaffray & Hopwood; Carter H. Harrison &
Co.;
Raffensperger, Hughes & Con ine.; Farwell, Chapman &
Co.; and Harold E. Wood & Co.
-
cumulative
working capital.
Price,
privately by W. E; Hutton & Co.
25
(1,182)
Estabrook
above).
share
per
5,000
-
Purpose,
Priced
than
4,770" shares of
W^V\MYCo-
Price,
$103
Offered
*
Corp.;
Deane
WYYYYil^-'Co.,-
A" preferred stock (par - $100) .
Purpose, refunding ($3,500,000),
discharge of bank loans, etc.
($500,000).
-
,
Offered
(see
Commonwealth Loan
change for 5%
'
share.
Securities
Co.,
'
COMPANIES
Corp. 90,000 shares of common stock
Purpose, acquisition of constitutent companies.
$1).
stock.'
common
HOLDING
miscellaneous
.
Liquor Corp* ' 31,463 'shares of
working capital. Price, $9.50 per
for subscription to common stockholders.
AND
&
Boyce, Stem Brothers & Co., Stifel, Nicolaus & Co. Inc.,
Stroud & Co. Inc., Sullivan & Co., Townsend, Dabney &
A;).;Tyson;- Tucker, Anthony & Co., Victor, Common, Dann &
■h
Hayden,
540,000 Airline Foods
Co.
Purpose,
Inc.;
Foods Corp.
100,000 shares of 5Vzr/c- cumulative
AK convertible preferred stock (par $10)."purpose,
acquisition.
.of constituent companies.
Price, par.
Offered by same
bankers as, offered-the debentures (see
above)'.
:
.
Merrill
299,893 Mohawk
Co.,
$1,000,000 Airline
f
120,000 shares of $3.50 cumulative preferred
ktock (no par)* Purpose, refunding
.($10,000,000)>i work¬
ing capital, etc. ($2,240,000). Price, 1$102 per .share and
div.
Offered in exchange for 41/2% and 5preferred
Issues.
Unexchanged shares offered by same banks as
offered, the common stock (see list below), v 1*
;A.
,
and
Peabody & Co.; The First Boston Corp.; Tucker,
& Co.; and Paine, Webber, Jackson & Curtis.
' a a":
_
Lynch,?' Pierce,
Fenner. & Beane; Morgan Stanley &
Co.;.Piper, Jaffray
& Hopwood; Smith, Barney &
Co.; Smith, Moore & Co.;'\
Stonfc & Webster Securities Corp.; Union Securities
Corp.;
AG, AH. Walker St Co.; Wertheim St
Co.,; and White, Weld
II
Allyn
stockholder^ unsubscribed shares
Anthony
Offered
man
TRUSTS,
by Stone
:./...'
:AT; A:A
acquisition,
share,
per
C.
Murch
H.
Co., E. H. Rollins & Sons, Inc.,
Schmidt, Poole & Co., cnas. W,
Scranton & Co., Shields & Co., I. M. Simon & Co., Singer.
•
ft>
YY-Y'
$2,039,250 Railway & Light Securities Co. 40-,785 shares of 4% cumu¬
lative convertible preferred stock
(par $50). Purpose, re¬
funding. Price, $54 per share. Offered for subscription to
common
(par
A.
Maynard
VA'A;Av'i'A
_
:
,
,
,
,
INVESTMENT
V;.;
per
Inc.;
$100).
(par
Miller & Co.; Hayden, Stone & Co.; Schwabacher & Co.;
Thje Robinson-Humphrey Co.;
Johnson; Lane, Space and:
'/■'.vT ■;/./■% Co., Inc. '
^: \A;;
/Vi'.' '■
:■",■■■
-^constituent company. Price, $10.'• Offered by Alison & Co.
250,000 McAleer Manufacturing Co. 50,000 shares of common stock
^
(par $1).
Purpose, capital expenditures, etc.
Price, $5
5,000,00) Merck
,
Republic,, Co.,
...
1
*
/
,
500,000 McAleer Manufacturing Co. 50,000 shares of 5% cumula/
,',tive preferred stock (par $10).
Purpose, acquisition .of
v
>,r
,
,
Co. 24,000 shares of 4,/2% cumulative
preferred stock (par $25). Purpose,
refunding ($299,000),
plant extension ($301,000).
Price, $26.25 per share and
div. Offered by Scott, Horner &
Mason, Inc.
stock
Co.,
v?:':Inc., R. W. Pressprich & Co.; Putnam fit Co., Raggio, Reed?
& Co., Reinholdt & Gardner,- Reynolds & Co., Ricer & Co..
-A ;
irA$&%'
(cumulative)
Purpose, refunding
($2,319,597), corporate purposes, ($1,180,403). Price, $100
per share.
Offered by, E. H. Rollins & Sons,
Inc..; Central
preferred
&
YYY:The Robinson-Humphrey
:vA:;vfA;:'A. L. 'F.. Rothschild & Co.;
RUBBER
prior
Ross
gaard,
Miller &
Co.,
W.
H,
Newbold's Sons
fit Co.,
The Ohio Company, Otis <fc Co., Paine-Rice & Co., Paine
/
Ay .'A.;.:
$6,318,350
Co.;
Inc.,, A. E. Masten & Co., Merrill, Turben
Co., Minscly Monell & Co,, Moore, Leonard & Lynch,
&
V, '■ AMullaney,
A,
Purpose,
Offered
,
Offered by Tellier & Co..,'
'
,
„
■YYiY' -'Y Mason-Hagan,
60c
St
patrick-Pettis Co., Max I. Koshland & Co., W. C. Langley
& Co., Laird, Bissell & Meeds, Lawson, Levy & Whlianis
Carl M. Loeb, Rhoades & Co.,
Irving Lundborg & Co.,^
Laurence M. Marks & Co., Martin; Burns & Corbett, Iftc,;
•
u\
common
Price,
per share.
W
'
;,
wells,
1
■
& Co.; The Milwaukee Co.} • MaVnard
Pacific Co. of California;1 Piper, Jaffray
and
1,418,350 Vqlley Osage Oil Co. 113,468 shares of class A stock
stock, series A (par $100). Purpose,;:
treasury for purchase of properties, etc, Price,
^reimburse
Rhoades
Hopwood
stock
/.'• [
cumulative preierred
if
.
;v
9,000,000 Gaspe
V::.A1 directors.
-j - ■.. jyw?'/;-'./Ai1 XyA'AA' 'AAyAAA./AAX
1
4,901,700 (M.) Lowenstein :&;i Sons, Inc. 49,017 shares of 4%
fo')
.
Loeb,
H. Murch & Co.;
&
A
! 2341
If?
offered
-
$53,842,637
the
preferred
-
^Represents issues placed
-
stock
,
,
(see
'
privately.
tRepresents special offering.
foregoing).
^
;
.
,
'■
AX.a..'"a-'/ a'a'a
-''
-
,
■
-
' "
t;
•»
h
Monday,. April 29, 1946.
CHRONICLE
THE COMMERCIAL & FINANCIAL
2342
"""
General Corporation and
Investment News f
)
1946—Month—1945- '
•
Railway
Net
Unemploy.
Federal
State,
taxe6
866,382
661,822
1,010)264
716,925
taxes
Equipment
■!'
.
railway
1.
■
.
NOTES—Railway
of
■
215,509
jr:','ivf
operating
$9)227,640.
for.
Other
anticipated
Total
March
include
1946,
Income
__i_—_____
$30,100
-400
300
$96,145
——
v
——
State income, taxes, accrued;.--
and
$95,745
.. . ~
v
_t
l>33l J-
—V. 163) p.
1
*/
$56,368
—
$14,128
Taxable securities
Southwestern Public
directors
have
!
initial, quarterly: dividend
of $1.033A ?
per-share on< the new 4.1.5%
cumulative.'preferred stock, and an
initial regular quarterly dividend, of 92y2 cents per share;, on the new<
3;70%
cumulative
preferred
stock,
bpth payable May 1,
1946, to
of record- April
holders
*
A
29)
an
1946/
addition,
■;
extra
an
Calls
-
dividend
of
45
cents
of; 20- cents," was
Talon,. Inc., wiir now operate sales offices in Los Angeled, San Fran¬
Seattle- and' Portland, Ore.
-It-reported expansion'of its West
business
due. mainly
to
"rapid, developin ant of, spoxtsweax;
;in<£ustry, in Southern California.''-*-V.!163) 'p, '129l!.- ■ >:•
v ;
disbursed
1,
Sept*
on,
TelAutogra^h Corp,- -Earnlng9-4r'
'Gross
profit on, sales, o^, supplies
and: accessqries, ——.
/■
shares
and
to
April
on
stock,
grant to
$2,
Net
,
—V.
and employees stock
certain, officers) directors
'46, Mar.. 31, '45 Dec. 31, ;45
$271,150
$260,05^
4>10(i
$276,818
201*531,
27,087:
28,000
2,367
'
(
profit,
profit, per share—
163, p. 1615.
'
Square D Co<:r-3-for-l Split-Up Voted—
The
authorized
for
a
April
on
for
one
23
Operating
revenues
total
a
Operating
expenses^—_
f F. W. Magin, President, told stockholders,
control
and
distribution equipment volume
Fed.
"the company's electrical
is
holding, up
other
operation
of
electrical
our
divisions
for
and
"The
'
it
market" for
during
aircraft
./,./• J
the war,
,"
■
*
the
but'
is
volume
naturally not
as. large
of
\
:\
■
Stix, Baer & Fuller Co,
r,
The directors
income———
int., etc., deducts-
Net
986,666
$3,647,500
26,876
■
53,402
/
;
^
J
\
"*
is
Divs.
applic.
record
May
15.
last,
25,
as
of
cents
50
dividends of 25
and- Dec.
9
cents
share
per
each
1,« 1945.—Vv 162)/ p. 2991,
Stromberg-Carlson
3,051,870
$3,094,712
375,678
$1,375 678
$2,719,034
$1,461,742
|
stock-—
on
•
-
company.—V. 163, p. 2016.
■V
.//
Co.—Preferred
^
f
■
.
vi /V.
;
,
:
Public
offering* of 5,271 shares of 4% convertible pre¬
ferred stock (par $50) was made April 26 by an under¬
writing group headed by The First Boston Corp.' The
stock was priced at $53 per- share.
The shares are the
unsubscribed portion of* an issue of 67;731 shares which
the company offered to the common stockholders, pur¬
Texas & New. Orleans RR.—Bids Invited—Company is
inviting bids for the sale of $15,000,000,1st & ref. mtge.
bonds
series
B
and
$45,000,000 1st & ref. mtge. bonds
12 noon (EDST)
on May 6 at company's office, 165 Broadway, New York
City, Probate; bidders include- Kuhiv Loeb, & Co., and
Halsey, Stuart & Co., Inc.—V. 163, p. 1910.,
■ *
series C,
Bids will be accepted up to
Inc.
from
Total
5
$2,148,212
$977,965
111,215
112,997
$965,212.
$2,259,427
$1,090,962
166,503.
$761,167
!
Fed,
Excess
inc.
tax__
/-
'
43,422
272,000".
*
,_
Net income
163,
1943
.
$445,744
30,311
37,383
476,000
210,000
871,000
508,600
Capital stock. tax...,
-V.
70.269'-'
80,400
r
tax_____-./'
profits
1944
plant
on
and properties
Normal
Affiliate)
1945
$867,315
97,897
j
475,000
•
13,281;
10,900
$861,763
14,062
$291,880
$364,750
,
320.
p.
Superior Oil Cq. (Calif.)—Earnings—
6 Mos. End. Feb. 28—
*
Gross operating
Production,
'
'
":
•.
*
said
'
.
4,462,123
'
a
profit
Miscellaneous income
'O'Kiam- v.:I- '
V
;
_____
..
.
..
leases,
/
V.
that
$6,702,531
have
a
5,969,144
$668,596
Fed.
.
'
$6.00
to
voted
call
a
split
Ihcv,
income
and
1946
1945
of
—V.
share
common
on
nine.—v.* 163)
p.
1203.
Spljit-Up—,
237,000
stock—
60,000
60,000
327,669
$140,429
'income
v
*'" V
•:
agent,. United States Corporation, Co.,
&
BUSINESS—-Company
$0.49
on
funded debt___—. 146,747
155,555
v 3,672,401
."7.784,622
8,263,234
excess profits. taxe&-_8,397,684127,126,849 125,246,913
Depreciation)
and
Income
I
Net
$1Q,468,707--$.9)510)113
share___-.' ,V;. $Ll;3j', •
+$l-Q3
income,
flncludes.excess, profita tax,-,
"Includes, amortization,
Chairman Retires—
The
office,
.
as
a
member
board
the
of
Chairman
of the Executive Committee. '
has been abolished.—V. 163.
1773,
p.
Ready—
'
.Definitive;2%^
&e now* avaiiablelfor issuance
debentures, due-1976)
$0.59
May
is
air
,
New.York, N. Y,,
and the American Trust Co., San Francisco, Calif.—
.
v.
.
exchange
163,
p.
1911.
.
^
United, Ajfe, Lines,, Inc.—Ma^ch Traffjiq IJigher—
j
addition of
United Air
estimated- 64% in March over the same
'period-a year ago-, and. 37/2% over February, according to announce- ■
ment. of Harold Crary,, Vice-Presldent-traffic and sales. *
■' /
{
Last month United operated an estimated 73,420,500 revenue pas¬
senger miles, as compared with 52,683,112 in February and-44,189,442
j in March, 1945.
'v-/.
v' •• ■-•
'■
Revenue airplane miles last month were estimated at 4,020,867, «
; 14 % increase over February and a 30% increase over' March, 1945.
return
the
With
new
four-engined
of peacetime air travel and the rapid
equipment, revenue passenger miles on
system, jumped
Lines'
•
cargo
that
service
gressively increasing.
The
the
as
primary
the
Auditor
-
an
t
'y'L
.
,*U.«
■.
United Aircraft Products
(Aircraft
'April
to
an
li, Slimaxing
split
for
a
rfecfently elected
00-
'
,
2-1
Inc
V
•■(
Split Blannedr
/
on
in/an
April
1.9
company's
the
stockholders'
former
from
directors
new.
retained
Chairman
of
294,419
meeting
four
to
York
New
directors,
the board,
who
reelected
stockholders of a
common shares two-for-one.
vote on the, proposal will be
directors are John:,.M.
were elected,
and the present
according, to, Carroll E. Gray,
refused to serve as
said he had
director.
The new
•j
of New York won
later. "
Five
a
2201.
board at once authorized submission to
management
-
p.
.
n-v-v •....< - .•
control of United
election at; the annual: meeting on
proxy battle for control of the, firm,, according
a
announcement
date
set
volume
•
*'
3
...
Inc.,
Products,
The new
proposal to
A
operation of the compafiy will be
of air freight, business is pro¬
*
" .."
'JUv.
.
Officials of Metal Products Corp.
and
|
''' '
Comptroller bf;<tM company.—V, 163,
18, ,1945, in
j^ew Control
business and ,.-.1^ ;
company commenced actual, flight operations on Dec. 17, 1945
and from Jan. 1, 1946 until March 31, 1946, a period of three months,
the company received a gross revenue from such operations in
the
:"
Appointed—
Appointment of Kenneth J,.McBride as auditor- of Uhlted Air Lines,with--headquarters >iat; Chicago; has been- announced by John Newey,
*/«/»''
~
intended
t
for temporary debentures at the Manufacturers Trust Co.,
in
Jersey'City; ;N;'J.
organized
Debentiires
Unioi) Oil Co. of California/— Definitive
i
/
$0.97
*
and
director
a
of
$9,009,071
; ; ■
retired, as Chairman of the boajd, but . will
O'Shea has
Benjamin
j-js'
v.-wh:o
qualified to do business in the states of. New York, New Jeresy
It
$169,982
i'%r:
was
^<n,
^
' * 1945
1944
$22,538,793.: $44,568,330 $42,674,771
1946
%
^Interest
carrier
,.
$1.05 ;
;
.
t
Quarters Ended. March 31—.
the
396,623
shares,
163, p. 233.
-
—
Company intends to engage in a three-point program of service to
international public as follows:
(1) An air cargo and air freight
service; (2) A combined cargo and passenger service; (3) An
agency and distribution service of airline products in the import-export
fields to foster and stimulate additional air cargo business.
$626,605
185,340
^
■
Uhion .Caybide & Carbon, Corp.-rEarnlngs— .
(Inql WhQlly-pwned U. Su and Canadian Cos. >
j
j J
j
iVice-President-finahttei'" He succeeds Carroll Blanchar,
•'
HISTORY
1944
$528,098
$302,397
profit
per
bei of directoraifrorft: severi'to
!
•the
Earns,
price to be determined by the Board of Directors,
value on April 29, 1946.- This* plan would
April/30*. 1947;**•
^v % <■
*.
] ; The stockholders will also vote on a proposal tp increase the num-
continue as
special meeting of stockholders
the common stock.—V.
163,
jDelaware to engage in the air cargo and passenger carrier
excess
;
and
key employees of the company
and
*
market
than
less
vterminate: oa
the "pro¬
im announcing
of
Florida.
100,000
.'
profits taxes
Net
officers
stock.to, certain
not
j
$2,537,518
$587,737
for contingencies
for
mon
cet-aside
two-for-one
scribed.'.
Co.—Earnings-
taxes
;
300,000
its. subsidiaries, at a
(but
Stock Of¬
is
Quarter Ended March 31—
Prov.
!
Inc., on April 25 offered 99,000 shares of capital:stock ;
(par 10c) at $3 per share. The issue has been; bversub-"
$8,506,662
$1.58
Sutherland Paper
Reserve
.
i
w-V^^
V'/.'
Transfer
profit-for'the period__^.l__i
'
•
proposal to in-
share,, from
per
the corpora* f
» I
•
v
(
-It. is proposed, tO' sell. 25,000: shares of authorized but unissued com& *
1
stringent
directors
recommend
;p. 2201. VV
& deprec., rents
abandoned &
163, p. 320. '
Profit before
$5
par
500,000 shares, and on changing the- nqme of
;tion to.Uunexcellod Chemical Corp,
, "
1
"
'
f Trans Caribbean Ajr Cargo Lines, Inc.
leases
Net profit per share
—
stock,
common
fered—Newburger & Hano - and Kobe, Gearhart & Co.,
195,124
V! r.
f
1
$8,321,574
185,088
6,033,935
undeveloped
Net
$6,507,407
..
Total
Intangibl^-devel. expend., depl.
of
____________
authorized
the
!sbareq to
Manufacturing Co., controlled by Tex¬
'
Timken-Detroit Axle Co*—Plans
The
•/
to-
4,972,765
-
I
v
Gro3s
■
C
, , ■
The. stockholders .will; vbte April 30 on approving a
i
and loom freezing, orders by the
Government have made it impossible for Textron to obtain fabrics from
Nashau: Mills for its own use.
Textron directors, he said, consequent¬
ly decided the. company is not Justified in maintaining Its large in¬
vestment in Nashau, control of which- was acquired in December, 1945.
,5
Mr. Little revealed that one offer has been; received, for certain of
the Nashau assets which will nofe only give Textron a profit on the
investment, but will assure the continued operation of Nashau properties.;..,:';:.V;r/-v'.(;-.7v
Concurrently with the sale of Nashau assets, Textron plans-to. make
an
irrevocable offer until July 15. 1946,. to purchase at $100. a share
any Nashau
common
stock, including that now optioned to it, Mr.
Little declared.
'
•
1
'
'
:'l; Textron also expects to adopt some plan that will assure future
continuity, of Nashau's second' preferred dividend after the sale of
the. assets has been consummated, Mr. Little said.—V. 163, p. 2201.
"v"''-"''
'
assets.
Royal; Little; President; of. Textron*
1945
1946
; $11,480,172 $12,783,697
geological, gen. & adm.
taxes, etc. (inch prov. for Fed. inc. taxes)
exp.
V,.'
'■
income
operating
trustee of the Armour Research Foundation and the ;;
of Technology,
and Vice-President of the Illinois :
Asociation, has been elected'a director.—V. 163, p. 1616. o,
I vv
\
i\ S'K kiii V' (
Institute
crease
special meeting April 30 on the proposed sale
stockholders of Nashau
Nashau
posal,
1946
sources
income
gross
Depreciation-
i
$594,663
operations-
other
The
tron, Inc., will vote at
Co.—Earnings^
Quarters End. Mar. 31—
Profit from
Textron Inc.~«-T0) Sell Nashua. Boldjlngs—
vpf
Canadian
Chicago,
lEarnings. per
subscription warrants which expired April 24.
The subscription offering was underwritten by The First
Boston Corp. and associates,—V. 163, p. 2015,
(Exclusive of
-
-
suant to
Superheater
'
,
Offered—
Stock
'
.
,
'
r
30,i
■
Unexcelled; Mfg. .Co., Iric—Pi*oposesv to Increase Capi-^»
;
■
"Thts net, /Income, cpmputed without regard to, the net effect, thereon
the
extraordinary
non-recurring
tax benefits and. of
a
special
charge in amortization of debt, discount and expense in connection
with
refinancing by the company ($1,955,031 of suqh tqx benefits
having been offset by the special amortization charge) was $2,437,395
in
1946
and
$1,837,420 in 1945,
tExtraordinary non-recurring tax
//benefits fron^ : participation with 'pareht; in consolidated 'Federal income
a,nd excess profita tax retu'riia apd from( refinancing by; the
Jan.
on
;
WW'i
"
.
loaned
tah^atioxrond Change Name—
of
on
made
was
paid
were
"Ealapce
.
;
1
a quarterly dividend of 37y2 cents
stock, par $10, payable June 10 to holders of
distribution
A
and
preferred
to
156,898,
$147,774
,
Sen Unexcelled Mfg;
;
re¬
Common Stock Placed
—
' 73,86 L
;
other securities, at. cost,
Unexcelled Chemical Corp.—Proposed New Name—
^ Tnb:, below.
>
|
$3,700,902
1,863,482
•$304,672.
of
i Manufacturers^
i v./.'
fVi "I',.-
..
$6,146,582
4,949;
.,/■>■
.
j. Koch, * President of the., JP*elt * <Sc Tarrant Manufacturlnff r
Raymond"
j
$6,119,706
$299,723;
/
•
speclqi deposit^.' fof interest^ diyidenda,, t{tc„ $252)9.71;
securities
Illinois
$377,818,
Net income—
;
•
June
Co.
700,833
$303,957
Gross
April 20 declared
on
per share on the common
Jan.
845,970
79,000
,$376,5151.
1,303/
revenues
oper.
Other income (net)—__
$1.50 Annual Dividend Basis—
)
934,542
i 2)612,348
■
instruments
business Kollsman
ceiving is greater .tham.we, hadrexpected.'—vfc 163) p*'32Q. •
was
1
71,599
company
navigation instruments. Mr. Magin said;
(
208,456.
v,...
investments in
$600,Q00;
163; p.- 2016..
78887
62,500
—
Net
business is developing constantly..
, < '
~
has. had, no price relief, although we, along with
the industry as a whole, have applied for it.
Lack of price relief will
put current earnings. somewhat behind those of the last few years.
Even a moderate increase in price ceilings on op/ products would be
helpful in permitting us a fair and reasonable profit.1'
'
Discussing the company's Koilsman's division, which, makes aviation
2,564,420
3,584,096
;
,
UARCO Incorporated—Elects • New Director—
j
195^53
other, taxes-
.212,070
flncludes
securities
for
—y.
prof.,
excess,
Prop, retire, res. approp.
new
"The
f
Prop,
time—and
some
inc.,
$1,203,694
etc., Fed. taxes—
tSpecial deduction
extraordi¬
narily well and the company now has, a backlog of orders which, is the
largest in its history.
Allowing for the possible inflation caused by.)
over-ordering by, customers, our backlog still is sufficient to insure
satisfactory
.1946—Month—-1045
• 1946^-11 Mos.—1945
$1,194,028 $14,953,836 $14,164,488
6,227,007 v. 6,119,932
489,839! 544,250;-
Periods End. Mar» 31 i;
approved: splitting the. common stock
of 1,377,480 shares, outstanding and
total, of 2,000,000 shares of common stock,
stockholders
shares
$167,992
accrued,, dividends; payable, etc., $278,604; ;
against cash, $60,200; due..for securities
purchased, $92,7184 due. for. securities purchased when issued, $411,763;
reserves
for
expenses,
taxes,
etc., $471,535;
2.7/a% debentures, due ;
March
1, 1961, $7,360,000; $6 cum. pfd. stock (141,380 shares, nor
tpar). $3,534,500; common stock ($f par X, $2,429,318; total,: $42,984,133. ■
idue
Electric Ser,vice Co.—^Earnings.—
three
'
212,070
-'
safe:vof ;securities <in 1946; $891)445y.
/] totals $42,984,133,
j ■ IMEfelTIESr^Interest
$0.21
options' to purchase 30,000. shares, of common stock,—V. 163, p, 2014.
,
212,07CU
,.
dividends apd interest receivable, etc., S117J268; receivsold, $89,975; leceivable for securities sold when
$41,170)598;
for
cost*
at
securities,
■able
$48,398
"$o.ig
"
$187,449
$154,170. i
;2JL2fQ7,0.
14,551
60,250 *
;
BALANCE SHEET., MARCH. 31, 194Q;,
%
1 J
ASSETS—Casli in- banks, $562,87lj-Investments- in' U'. &. ^Governmeni v
,
|
198,053
$40,744
$46)152$0.20,
'
,
'
75,005-
unrealized' Appreciation" 6f
"NOTE—The
28,000
12,743
.
.
|unrealized depreciation of $441,892 on Dec.* 3lf 1944i
5,668
$264*154
182,667
3,35^
$274,770;.
Net
proposals to, increase the
1,750,00Q-shares to 3,000,000
from
'
.
,>
$154,826
declared-
//issued,; $190,451;
approved
25
par
1
diys,
.
19,354
55,28.7
16,896
-Investments- oh March 31, :
!l94G, after deducting provision of $5,370,000. for' possible Federal
! income-tax payable if such appreciation were realized, was- $14,825,375,
ror^$2)689)415- niore -than on Dec.; 31v 1945; this compajres witl) an ^
:
'
—
including depreciation-"—
Normql and-, surtax-—-———.—'-Excess);ppfitft.tax
Spiegel, Inc»- -Increases Capitalization—Stock Options
Approved—
common
"
Total,
Expenses,
j
,
"Before, profit-on-
i
I
.
stockholders
Mar,' 31,
Quarter Ended-
102,495,.
; •;
42.416
48,370,
'
>
$288,813 ;
46,020
$304,507
>
| Federal incomq tax of $11,50(F m 1946- and $14,00(h in, 1944.
Earned" service charges—, $27lf41.7.
1945,*
3,628
4,121
:
3,5-78
;
"Nqt income——'
.
Pfdi.
per
;; The company has called" for redemption all of its Outstanding 4%%
preferred stock on May 23 at 115 and dividends.—V. 163„ p. 2199.
The
j
Coast
4%%: Preferred Stock—
authorized
\ Ipteresk
cisco,
was
.255,635
$294,441
54,126:
i
t-TftSt>$.
•(
f
share on the common
declared payable June 1, 1946, to holders of. record May 15,
1946.f A similar payment was made on March 1, last.
Previously, the
company paid quarterly dividends of . 25 cents each on this Issue. >/ In
regular quarterly
stock
$33,178
253,255
$318,026
Totalv income--
•
Expenses.
corporation announced the acquisition.of.E.J[v TJowJa Co.; of
San
Francisco, Calif,, Pacific Coast distributbr,. for. Slide FastenOr
Co.,' effective May 1.
!*'•<'' ■
1
:
r' - *
;
Co.—Initial Dividends—
Service
declared
$28,441
272,437
4,808
.
■
The
The
$37,065
289,109..
income—-
Dividend
;
•
1943
1944
1945
.i
,
v
^
Talon, Inc.—^Acquisition—),
,
1946-•
$24,109 i:
income——i.'
Interest
j
10,372
7,717
stock—
.■■■'
preferred
on
1203)
'
'•
Tri-Coutmsntal CQrp.—Earnings.—
Quar. End. Mar. 31—
:
—^
_—
&. Hano^and
Gearhart & Co., Inc.
delivered to Kobbe,
warrants will be
25,000
1,002
persons they
to the underwriters or to any person or
25,000i warrants will be; delivered to, Newburger
warrant
per
idesignate.
15,270
-
;■■■;• ■. Net ' profit
Dividends, paid
•
$30,400
-
38,446
...
j
an
under- Arbitration
increase
profits tax carry-back-credit.—V. 163, p. 1908.
excess
Income
Profit-sharing, plan
April 3, 1946, applicable to period-Jan. 1, tq March 31,
1946, with resultant reduction, in railway tax accruals,
'</. Railway tax accruals have been further adjusted to, give recognition
an
Profit
|
Awards of
to
f-:
Federal
for
wage
-.
.4,45$
\
—————
"j.;!1,!. i1
i
expenses,
general
cosia« amortizqd-_wi,_:_):$;v--;f-
■:?
12,319
bonds—.
"Issued
Authorized
Capital stock (par 10c)
(
8,520
income_'__—_——
Cr67,185
f Deficit.
nonoperating Income items,
estimate
385,127
■
-^,15,344
expenses,,
-
on
(Financing '
5,472,746
78)970.
»„
Interest
inc.
358,960
4,668,781
7,333,036
12,469,580
for interest charges on outstanding debt, or other
oper,
"Before provision
'•>
Cr88)396
3,973,349
-
'
1,000,000 shs? . , 600,000 shs.
23,514
■t
"Not. lncluding, 99,OQO, shares now beingf Offered,
:
"
, '
*
14,913
STOCK PURCHASE WARRANTS-^Company has authorized the is¬
10,099
suance of 50,Q.00 st.ock purchase warrants entitling the holders thereof
13,519
1 to purchase for each warrant one share of the capital stock at any ..
4,512
time from and including May 1-5,-1947,-to and including May 15, 1948, > ,
://;i at $3 per share.
The warrants will be sold and delivered at 5 cents
'
23,299
general
and
than
it?
its
1,000,000 shares of capital stock
stock, position, of. the' company is
follows.
as
1945,
13,331,
maintenance-™..—-.
Administrative
19,797,547
1,925,254
1,413,887
134,1,49
v
?Net
8,496,375 Cr3,872,406
5,892
(net) J
(net)
rents
and
Depreciation
1,945,934
3,909,179
taxes™-,
rents
facil.
Joint
.
2,109,456
3,612,360
1,326)868
Cr6,541,494
taxes
certificate
.
Operating
'
1,196,534
1;; •;'/■.v,..^f
April 13, 1946, the company amended
of, incorporation- so. as to provide for the splitting up of
CAPITALIZtATION—On,
$108,620
11,964
$173,215
Income—Tolls
additional working capi-
j equipment wh)le the balance wllf bq used , as
||;:'jtal.
($1 par), stock .into*
(par, 10 cents).. The. pressnt capital
1S46
Three Months Ended March 31—./:-
'Taxes,.other
—_
Miscellaneous
business, expert., for years before serving in the
Silas
Air¬
Tacony-Palmyra Bridge Co.- -Earnings-
j
with
funds. From these,; funds a sum estimated, not to exceed
will be used for the acquisition of additional planes and
$150,000
;
the TACA Airlines of Central and; Sputh America,
in Miami, Fla.—V. 163) p. 1910.
•
% <
'
/
headquarters
.
.
issue is to provide the company
PURPOSE—The purpose of the
:
additional
/100,000' shares
45,852,765
2,396,404
'
Federal
.with
city
and
t).
representing
ways,
$
taxes___-
insur.
retire.
county
Wood,
materially'increase.
the volume Will
<Navy during the war, has been appointed Executive Assistant to
R.
Richards,
Vice-President
and
General Manager
of TACA
15,792,63$
2,053,162
17,880,896
E.
a total distance of upwards of 73,000'
lnto> operations, if ia contemplated tnat)
and has flown
$120,556
of
sum
rqi]es,\ As additional, planes, go
•
,i
1
Official—
TACA Airways, S. A.—New
Donald
'■
$1,561,31%
revenue__„____.,_
'
1773.-
p.
I
39,777,532- 53,694-,642 119,185,220 151,095,101
41,338,849
35,813)746 103)392,584 105,242,336
rev.s._
163>
1946r-tS.Mos.—1945
.
-»•/
f
oper.
Railway operating exps.
above.—V.
Corp.,
'
Southern Pacific Co.—Transportation System Earnings
Period End. March 31—
J-V--''•
*.
V
V"*."V '
Viscose
American
See
i
on{ page 233$)L,
(Continued
^
Sylvania Industrial Corp.—Proposed Merger
|'
Meyers, President of
.
t.7;
Met,al Products
)
j4-;.V::;-pft^Vv.>■;■':'.■;."■ ■;';',;f:^:1'-''J ;'",V;
'UsX;X//..
"5"':?.?. 777''. 7777 >A'7'7dO)W;; UAWfl&V.i*.
.
Volume
163
TCbrp.^/Tra
M.;
Grishfiver,'" Secretary
>
Saphi'er,
of
President-tof .General. Brnnre
director for General
public
New
and Louis
Car Co.
Retained on the
industrial banker: Paul
York
Metal
Seattle-Export Lumber Co., Lawrence? Ottinger; President, announced.
The Kosmos operation, second largest in Washington, covers 55,000
acres-fust north of Mount Rainier. It contains more than 700 million
feet of timber.
Of this amount, Kosmos owns 300 million feet outright :hh'd: holds exclusive - logging rights on the remainder.—V. 163,
Aaron
S.
Ttayi^
le»il
Mortimer
E..Seiey
board
associated
with
John-
were
J:
Re-
'
toerger, r
*
W/.Christensen, President1 of Cin- /
Sorcnsen," President of United Aircraft VtP>
/"/v!
of the Sperry Corp.
,<
•
1
An hour before
the
stockholders''-meeting- Mr? Grishaver of Metal ' " T United States Radiator
Products filed suit in' Common
Pleas- Court at
Dayton, Ohio,' request-/*;
cinnati
■
Gear
Co.;'-Frank
G.
t
•
»
»
,
V,-';
'
Products, Inc .-and C. K; jWildman
•'
*<»
*
-
V
•
.H;.
*
2343
Utilities Power & Light Corp.
-Final
May
19
is
debenutres
Utilities
the
of
last
day on which holders of the 5%
and 5'/2%
Corporation, and of the first mortgage bonds of
this
Elkhorn
Coal
Co.
may claim the funds representing the re¬
demption price. of unclaimed debentures of Ogden Corp. issued in
1940, Benjamin H. Brewster, President of Ogden, warned those
security¬
'
Corp.—New Director—' 77#77# #
holders
of
who
failed
to
make
the
exchange
as provided for In the plan
Light Corp. which was con¬
reorganization of Utilities Power &
by Court order over six years
firmed
who
rne electron- will
The"pSififciaWofficial
#«e?ei
not be
ccor
CfMd»l?y
Mr.
—
until
McKee
'
;
•
3121.-
1
(4
Cigar-Wh'elan Storejj Corp.
Quarters Ewdetf
.
report,
p.
it
•
i
•
*
April
Issued
20,
,
ioac
„
agency
Other
'and
operationsj.uc.c__
677,982
amortization™™,.../^™;.
income-
7*1
7_
™. __
;-7.„_u
$547,887
___7™'JL
2,687,195
$2,977,987
92,199
has
manufacturing
In
the
already
are
:
,
on
'
.
began
a
U.
members tof
reconversion
apparent
the
last
♦Earned
at
end
per
of
periods,
common
32,748
■7.7:'
/
1,
hours
in.
of
Is
the
,
,.w.......
,
machine.
A; in
,rate °J $2 Per share
j.
,$0.10.
' stock
,
$75
per
share)., ton
1,903,164 shares.
7
•
,
A
the
of
Purchases Additional Stores—-
•
five
liquor stores
Liquor
stores
Stores.
known
W.
G.
the Dade
as
Pharmacies and
Baumhogger,:
i are
President,-
Dade
•
' C
,
23
r
of
*
furnaces
"
out
of
must
more
the
be
shut
Corporation
ment
been
production.
The
total
of
amount
next
is
lost
Terms
of
the
purchase
not
were
revealed.—V.
John ST. Toulman, a Vice-President
of the First National"Bank
Boston, has been elected a director.
The
directorate
the
at
of
following: Tf^Jefferson Coolidge.
Chairman; Thomas M. Bancroft,
D. Cabot,
Channing H. Cox, George W. Davison, Crawford
H. Ellis, W. Cameron
Forbes, William K. Jackson, George C.
Lee, Joteeph W. Montgomery,
Floyd B
Odium, Arthur A. Pollan, H. Harris
Robtson. Paul H. Saunders, Huntley N.
Spaulding, Charles H. Stockton.
John E.
Toulman, Edwin S. Webster, John A.
Werner, and Samuel
Zemurray.—V, 163, p. 2055.
:
'•
..
United Gas Improvement
;
Drexel
■
.
&
.■
Iv,-;;/:..;'
-f
.■
William H.
meeting
Co.—Exchange Offer—
on
exchange agents, announce that In accordance with
the-terms of exchange offer dated
April 8, 1946, and by reason of ;
the
tender
by stockholders of 93,775
units, each consisting of 10
shares Of "United Gas
Improvement Co. capital stock. a pro rata ac¬
ceptance of units will be made at the rate
of'80% of the total units'!
offered In each tender,
except that, as stated in the
exchange offer,.(1) at least one unit in
every tender will be accepted and
(2) any
fractional units' resulting from
pro rating will be disregarded for ex¬
change purposes.
Depositing stockholders will be notified in a few
days as to the number of .their units that
have
exchange.—V.
been
accepted
163, p. 2201.-*
U. S. Air Lines,
Inc.—Registers with SEC—
Ti» J company has filed a
registration
stock
common
and 300,000 stock
purchase
has
plan,
program..
-
the
of
purpose
Which.; Will
improve
which
and
is
to
consummate
increase the
the
of
j\'T
<
,
4
,
accrued
The
the
dividends
right
basis
the
at
As
to June
J,
on
June
at
$52.50
1, next,
1940.
as:
election:
Falls
mill
(N.
Y.). to
the
March
31
there
were
scares
20,219
of
the
k
Industrial
All
;7
record
March
6,
1946,
1946, at $43
seven
stock was
supscription
pro
rata,
shares
up
at the
and
rate of
-
share
of
or
therstockholders.
Company is
a
'
1
,
Delaware corporation,
U.
to
Net sales Of
successor
>
—V.
163,
f
"
as
-
■»
.
n"
the
.Republic; of Cuba and the" bomVnican^RrpuWiQ'lor'
hasing,'. handling, storage and transportation of: molassesj:: :!
;'
;•
Corporation
t
oper.
'Net
operating
i
r
1945.
.;
Will
be
orporate
;
Total income deductions
Net
be
used
received
for
by
the
expansion
".
corporation
i
*f
'/js
,
Dec.
apltal
15,
fund
(no
in
part
for
'7;v
'
.
sinking
and
purposes
•
notes,
1960
stock
TO
PRESENT
Authorized
Net
operating
revs.™
7
1 :
.
163, p.
-
corporation
has
bringing
purchased
Its
holdings
an
additional
to
90%,
and
of
r
"
'h
292,562
:>
:
■
-
.
j
.
v
1945—12 Mos.—1944
$14,025,046 $15,230,490
10,224,451
11,433,826
$1,207,508
898,924
903,522
$303,986
$3,800,595
$3,796,664
2,572
38,166
10,693
$387,440
$306,558
$3,838,761
154,886
158,712
1,891,014
$147,$46
$3,807,357
1,952,441
$1,947,747
FOR FERJOD ENDED,JAN. 31
has
acquired
$1,854,916
,
,
^
'
Mos,—1945
$1,229,218 $14,103,645 $14,828,049
880,261
10,218,436
11,041,554
$433,571
$348,957
$3,885,209
$3,786,495
10,617
3,540
547
41,159
$437,111
$349,504
$3,926,368
,156,109
$281,002
Total oper. revenues.^-Total oper. rev. deducts.
Other
Net
the
stockholders
evidencing
share
not
to
At
the
$20
stock,
receive
to
share
The
the
in
the
*
to
of
the
"
V
of
1
common
<
.
dividend
a
June
cents
>
v
1
to
1
dividend
payable
50
7,
to
ratio
"
shares
1
.>
trans¬
offer
•
•
additional
i
for
subscribe
proposed
underwritten.
register
and
'
would
right
per
held.
be
stock will be
common
of
July
each
$1
July
on
the
com¬
15, "and
6%
record
June
pre¬
15.
stock
common
and Dec.
1
May
on
of
the
on
the
on
record
share
holders
made
share
per
of
per
to
1
were
and
of
holders
$1.50
23,
<
on
194.4.—V,
meeting of
selected
for
stockholders, held
prominent
7
.*•
*
in
April 9,
on
the
three
management
7
new
of
.
the
1
t
> i-
of the
Soule Steel Co. in Los Angeles, Calif., was •
directors, replacing George J. Murray, resigned,'^
the
on
Kinsey of Seattle
He
roles
*
will
board
and
continue
retained.
were
■-.w.#!
Washington, D. C.,
as
eastern
named
a
of
was
representative
airline,
the
Viceh
a
■•■
,
Mr.
Coulter
presented
revealing
derived
from
when
mail
that
the
44
cents
He
out
out
contrast
of
source-
each
of
Income
the
every
to
,
the
During
revealed- that
each
that
dollar
104
the
biggest
are
now
for
required
'
year,
mall con¬
'h
of ,the. airline—>!
wages
by
plane operated.—V. 163; p. 698.
^
"V *
past
from
outlay
expended—went
employees
the
derived
was
airlines
income dollar is now
early days in aviation
revenue.
dollar
the
of
sources
'
also
of
reported
every
#
Coulter
chief
of
of
analysis
cents
in
passengers,
was
only 17 cents out
tracts.
v
Mr.
an-
79
and
salaries.
the airline
.
for
;
".
7
;
'
Western Electric Go., Inc.-#New Vice President—•
Dougla» F.
—V.
operating
income
revs.__
(net)
incorhe
L
income deductions
,'s
j
Eliot,
'
,'vs
,
General
'r
s
Purchasing Agent in charge
a\ Vice-President.—V.'
of
7 '
•
v
"
f
V"*U-.'V' '
'
«
pur-
•
p, 1485»
elected-
'«
7
'
*v
J 'i,
*
J
i The directors have, approved
bank loan, effective May 1, to
W.
p.
Robertson/ Chairman,
all
stated that for the duration of the
employees for whom there is no' work
non-supervisory
be
active
furloughed."
duty.
No
All
supervisory employees will continue on
is planned in the research and
engl-i
curtailment
staffs.—V.
163,
2202.
p.
Winnipeg Electric Co.—Bonds Sold — Nesbitt, Thom#
& Co., Ltd., Montreal, announce the sale iri the
Can#
adian market of $28,000,000 first
mortgage bonds, con- 7
sisting of $4,000,000 2%% serial first mortgage bonds to
mature $400,000 annually May 1, 1947 to 1956
inclusive^ '
$11,000,000 3%% series first mortgage bonds to mature 1
May 1, 1971 and $13,000,000 4% series first mortgage
bonds to mature May 1, 1971. The 2%% serial bonds and
son
the
4%
series bonds
scmription.
not
are
available
The 3%% series bonds
and accrued interest,
for
public sub-<
offered at 10G
were
'
j
and semi-annual interest (May 1 and Nov. 1) and re7
premium, If any, payable in lawful money of Canada aft
any branch
in Canada of the company's bankers (Yukon Territory
excepted). Definitive bonds of all series may be in the form of fully
registered bonds In the denom. of $100,000 or in coupon
f(qrm ifegis*
Principal
161,198
the
1,885,925
1,852,292
for
$188,306
period
$2,040,443
ended feb.
$1,844,820
2% %
at
time
any
In
1932
may
$1,229,046
$1,194,253
896,885
872,875
10,242,446
10,739,367
$332,161
$321,378
$3,895,992
3,378
1,141
43,396
$3,754,596
11,626
2202.
the
the
$14,138,438 $14,493,963
$322,519
$3,939,388
$3,766,222
153,260
155,214
1,883,971
1,945,221
$167,305
$2,055,417
$1,821,001
$1,000
for
coupon
Co.
at
4% series..a»,4i;in
the bonds of,
bonds
as
soon
the
as
same
are
The
Montreal
Trust
these bonds
Canadian
and
7
Co.
will
British
be
:
investments
Insurance
registered
shares
Dec.
Under
X at least
or
31,
the
six
in
under
of
capital
treasury
any
stock
at
out
$13
of
a
total
share.
per
part of the stock
of
to
which,
Act,'
said
Act
Approved—
#■
for offi¬
sell
19,900 shares held In
Each
allotted
optionee
him
at
any
will
may
pur-
time prior
1950.
new
plan
months.—V.
shareholders
163. p.
1204.
hold
must
*
•
1
7>-
;
Companies
on April
18 approved a stock option plan
employees.
Under- the plan the corporation
company's
'<>
option of the company in whole or in par((
days' notice at par plu3 accrued interest and a
stockholders
key
procur^
and exchangeable at the principal office
Winnipeg, Toronto and Montreal; All bonda
Trustee,
any.
to
all
to
the
the
30
on
in
opinion of counsel,
and
chase
with respect
the
of
Zonite Products Corp.—Stock
Options
The
19,500
$335,539
bonds
with
(Dominion) as amended, companies
invest their funds.—V. 163, p. 1618.
cers
$182,279
if
the
of
registerable
are
Trust
redeemable
premium,
and
$500
denom.
respect to
^ 7
issue of fully registered bonds in
th^'dfhom. of
exchangeable by the holders, without: expense, on
be
notice,
Bonds
Montreal
are
and
the
original
may
reasonable
able,.
only, in
bonds
$1,000
The
series.
$100,000
principal
serial
'
of
pursuant
28
1946—12 Months—1945
to
as
denom.
of
$3,797,112
\
terable
to
income
163,
G.
chasing and .traffic# has been
.
•
#1946—12
1946—Month—1945
Total
the
$50,
of
income,
neering
1945
1292.
59%
7.-#.?
Los Angeles attorney, was made Assistant
Secretary.,
r'-u
William
A.
Coulter, President,
reported a net profit of $208,102
for 1945, after provision for
depreciation and Federal taxes* as com¬
pared with $135,827 for 19447
7"J
-
Learnings
Net
499,241 shs.
par
Robert Light,
.
$7,500,000
500,000 Shs.
1945.—V.
V
;7
..
$7,500,000
.
■
income
>■:.
Outstanding
'
Net
Gross
Co.,
31,
..,.
>
1946—Month—1945
$2,639,- 7
general'-'
United States Plywood
Corp.—Expands Holdings—
imber
f
1945—-Month—1944
Total, oper.; revenues_^i;. $1,307,817
-rr(;."'JY^otal oper, rev. deducts.
874,246
if
' '-itCalif,fo; i
FINANCING
due
par)__--i^_„—__-T
'Sold privately in December,
This
^
$232,554
| EARNINGS
■
A:-1"4 '
(estimated,
'
-
demption
Income
v;
;v.,;'- 7';;
to
purposes.
3%
DEC.
••
CAPITALIZATION, GIVING EFFECT
15-y.ear
ENDED
21,724
? Other {inco"1®. (uet),:
premises at-Chicgo, 111, "• CorpArtioh ow'rii a
plaritat1
s
-T
operated by Dodge «fe Olcott, Inc.
Corporation also-l'l:
Gross- income
at Yonkers, N. Y., which has not been
operated since
Total in^nie-deductions
proceeds
v
new
may
proposed issue of
stock
each
would
other incumbents
A.
$365,716
rev.__j;
(net)
.
The
:'7
of
strike
$1,264,640
deducts.:
(Gross income
J.,
ptfint
a
ctober,
05)
MONTHS
on'lCa Sed
N.
'
v-
shares
states:
and
common
$5, ^payable
annual
Ronald
pur-.
Light Co. (& Subs.)—Earnings—
revenues,.
Other income
owns and
operates plants located at
Anaheim,
Bay,^Baltimore, Md.; Fairfield, Baltimore,
Md.; New Orleans,
Pensacola,. Fla.t two plants at Newark,
Nr J„
operates.-ft
$13,-
credited
71'0I500-1
.--
corporate
.
facilities
urtls
aybnne,
—L:
general
,
-f
-
Total oper. rev.
States.001000001'-:10^1
operate: extensive
wns
SIX
Period Ended Dec. 31—
Total
of
Distilling Co. (W. Va.), a wholly owned
subsidiery, owns the
capital stock of Porto Rico Mercantile Co., Dominican
Molasses
por A. and Compania Cubana de
Transporte' de Mieles. - CUba
istilling Co. ,and its subsidiaries own and
a.;
for
provision for income and excess-profits
renegotiation of war contracts—_—
for
2202.
p.
Utah PoWer
.-00
«-
by merger,
3,701,090
be
.
preference
corporate and domestic subsidiaries-$6,786,272
and
C.
lant
FOR
income, after
taxes
S.
Cuba
prior
$3,870,000
RESULTS
com-
of
•-
will
a credit agreement for an
$80,000,000 ;
run for:, two years, with an
option tot;
three years',additional renewal,
•'
7"!.
The loan was arranged through; the Chase
National Bank of the 7
City of New York, Acting for itself and 54 other banks.
500,000
-
ntlre
0.,
6%
the
of
July
Industrial Alcohol Co.
(W. Va.).v Corporation is
ngaged in the manufacture and sale of chemicals,
synthetic resins and
ndustrial alcohol (both pure and
denatured).
It also imports and sells
atural resins.
Dodge & Olcott, Inc. (Del.)j a
wholly owned subsidiary,
s
engaged in the sale of essehtial oils, flavors, ole
resins, aromatics,
nsecticide bases and kindred products.- Most
of the products sold
by
odge & Olcott, Inc., are manufactured by it and others are
imported
r
purchased in the United
6,' 1943,
working capital
Total
common stock held
by them.
Air
Co., Inc., a stockholder, purchased at the
subscription price
investment and;hot for distribution all
shares not subscribed for by,
for
semi-annual
stock,
the
"Will
eduction
the
stock
Westlnghouse Electric Corp.—Bank Credit Approved" 7
;
.
poses
including March
one
redeem
-—i.
Addition "to-
offered to the holders
to
to
Stock,
5.
Net
of common
for
share,
per
each
for
Stock
on
/
plan-
common
share
par
President.
:
150,000
off a
expended
-
^
issue
Cheniicals, Inc.—Common Stock Siib-
ribed— ■
62,405 shares
A total "of
6,
-
preferred
reduction
a
1945.
capital
159,500
funds
to convert- the preferred shares into
common
stock on
two shares of common for
one preferred will
terminate
business June l; 1946.
^
1
^
H
of
and
(Ind.)—To Offer Stock—
final
warrants
of
elected to the board of
>
-.
its
represent
August.
President
directors have declared
^
*
plus
:
outstanding.-—V. 162,' p. 2400.
f
all
share,
of
were
f
;
.
builaing at Appleton, Wis., to be
equipped with machinery owned by the company (to be
'•>
operated by Kimberly-Clark porp., who have manufactured Wallpaper for many
years tor United )„_i.!
"
4. The reimbursementv of the
treasury of the company for
close of
of
U,
a
will
in
retiring outstanding preferred
manufacturing facilities.
'<77
Walter Boswell,
,
:.
The corporation has Called for
redemption
outstanding 5»/2% preferred stock ($50 par)
•'
the
of
of
stockholders
officex-s
an
production
,
ca'go mill, and the Hudson
Aurora mill _____!
3. The
Preferred Stock—.
\
,
>
United States Hoffman
Machinery Corp.—To "Redeem
$4,773,000
charged
not
are
shares
regular
At
.
of
to inshares
outstanding
present
Western Air Lines, Inc.—New
Director, Etc.-^-
.
purchase
proposal
7,500,000
1
is the present Intention
of the
payments by the declaration of a
being
proposed
Distributions
-
•
follows:
;;• (!) - Redemption oi -the currently outstanding
$700,00iJ 6% vqum^
lative prior preference stock at par
plus accrued dividends;
(2) Issuance and private sale by the company of
$2,000,000 prlncipal Amount of 3% notes, due April 1, 1966; and
- k j
(3) Issuance and public sale of 40,00a shares of cumulative convert;ible preferred stock with a dividend rate not to exceed
4%j%.;
The proceeds- from the sale of notes, and
preferred stock will be
Used; (a) To .retire prior preference
stock; (b) to' construct a new
modern one-Story plaht at Aurora, 111.; (c) to move
machinery to one
of the new plants; (d) to construct a new modern
one-story plant at
Appleton, Wis., and ,<e) to increase working capital.The company proposes" to Use these funds for
the following pur¬
poses, in the approximate amounts-indicated:
>
"
'
.
equipment and lor working capital.
it
This
loan
be
July 1 and Dec. 24, last year,
162, p. 2993.7;,
rants.
Of the
warrants, 150.000 have been issued to
Harry R. Playford, president, and 150,000 will be Issued to
1. The enlargement and' equipping of a
underwriters.
The price
factory building
of the common stock
toHhe public is $3.25 per share.
known! as the. Aurora Mill-located at
R. H. Johnson
Montgomery, HI.,& Co. is principal underwriter.
on- landyowned
The proceeds will be used
by the company
to pay the-;;
$2,350,000
principal arid: interest on a bank loan, to finance
2. The removal of
machinery and equipment front the Chithe
Additional .aircraft and
loan.
will
company proposes
with the SEC.
ferred
n
-
war¬
the
stock,
the
^
Cov¬
SECi
1
subscription
The
mon
April 18 announced that a special
called for April 30,
1946, to vote
on
been
company.
■
Yates ^outlined the refinancing program
Mr.
.
statement with the
ering 900.000 shares of
President,
stockholders
of
facilities
for
that
repay
original
purpose
airline.:
Yates,
refinancing
a
expansion
:
the
up
a
from
$5,
par
-$1 Common Dividend—
United Wallpaper, ine,—To Vote on
Refinancing Plan,
—Sales and Earnings for 1st 6 Months—
Co,,
'■■*<
outstanding term'
prepayment and the payment of the
instal-,
there will be outstanding
$23,865,000 principal
bank
plans
additional
stock
stock.—V. 163,
common
approving
on
1911.
p.
}&%$
•
market for the
a
be
the
common
are
heretofore been
1
$5 a share on
issued.—V. 163. ». 1076.
expansion
one
presently outstanding and the net proceeds
of the sale will go to certain selling^
stockholders; no*r
part .will be received by the company. There has; not;
Thomas
Said.—V, n
••'7*;
dividend
to
Kronenberg,
additional
Co., Ine. headed an investment banking jgroup that
a public offering April 25 of
200,000 shares ($1
par) common stock of company at $15 a share. These
of
consists
now
the
&
shares
to
J.
ferable
made
\ United Fruit Co.—-Elects New Director—
May
the
surplus
for
;C:';:7The
163,
Brewster
Mr.
.
used
United Transit Cn.—Stock Offered—Harriman
Ripley
;
-
funds,
such
$18,505,450,
Under
The. company
about $3,000,000.
p. *2054.
f.
basis.
7% The moneys received from the
all
estimated
$406.90
be changed without notice# 7
the management feels that the
stockholders should be informed of the
present proposal to issue an additional 150,000 shares of
common stock..
have4
at
lose
share.
per
voted
term
Although
week.
furnaces
steel
1
on
of
from
John
accelerated
the
hearth
U. S. Steel operations since the strike began
April
402,000 tons,''r-V, 163, pp. 1773 and 1721.
All "the
located in the
Miami, FlaV area.'
:
;
'
v
has also taken over the' leases owned
by Dade for
three'stores not yet opened.
The Dade chain,
during the first quar¬
ter of 1946
operated at a rate that would
bring the annual volume to
has
to
I
persons
entitled.'*
,
splitting
"
coal
during
open
cents
due
common
on
common
After
Capital
"
down
23
50
135,000
and
announced
directors
loan
amount
which were operating before ;;
coal strike,
are
being banked in Pittsburgh district operations
S. Steel subsidiaries; 9 furnaces are
already out of blast in the
taken
such
Wayne Knitting Mills
with
even
stands
is
dividend, payable in October, of 37Vz cents on the common
be outstanding after the
split-up. The present quarterly divi-
bank
.......
~
blast
32
is
The
with
shares,
increase
to
dend
'
v
stocks
But,
to
A
directors
to
stock
-c
„
operations, U. S. Steel plants in the major
complete shutdown in the near future.
a
of
out
strike.
respect
two-for-one
a
quarterly
negotiations In Washington
signal for the country. Only an
available
on
board
7777/774#7'777v7777'
coal
these
of
him
he
stock,
10,000,000
The
many
subsidiaries
' -rf;
-
with
.
stockholders will vote Aug.
the' authorized common
stock
U.
been
Cut-Rate
announced.
of
total
Chicago District and
At' one plant within
corporation has concluded the purchase.-of
nine drug itores and
of
rate
operating districts face
.
,
and
Steel
'
reduction in the
■
on cumulative1 $5 preferred
surren-•exchange for prior preferred stock; tOf prior preferred stock
per share) in exchange for
cumulative preferred stock (stated
oerea
,<par $20
value
$2,439,965
; '-'-$0.13
,__J
to
this
Jeopardy.
a
01 "Every precaution to conserve
taken since the first day of the
$3,775,394
share
,
plants
S.
Each
ago.
due
■■
crease
steel
program
collapse
48
the
r
Surplus
.
p.
The
part-time basis because of the
:"y/7
April
on
of
case
funds
to which
'■}
7.
\
Warner Bros. Pictures, Inc.—Plans
Split-Up, Etc.—
corporation. The rapidly
forced drastic curtailments
already
largest
idle.
are
the
Ogden
'"•i'#;:;''
danger
early resumption of coal mining can prevent a disastrous effect
upon
employment and production for a large part of America's industrial
7409,350
■
nation's
strike
other
nation's
within
84,620
w
-
the
the
"The
11,302
_
4142.
corporation, in common
industry, had just regained a
level of operations which would have
placed the industry in a position
t» begin-filling the unprecedented peace-time demands for steel.
Thus
for .the second time within a few
months, a major strike has placed
"
$3,867,593
workers
strike.--'
the
Dividends on cumulative $5
preferred stock
Dividends on prior preferred,
stock-c—L^.__
•Payments
-yy 7
,7/T-ii#77/ jv 7_.;i/,;I/7 4;7.7_
f Issuance
7
steel
of
the
of
'"When
with
$290,791
*
!J_7_-
coal
24,096
$350,011
shortage
of
many
thousands
'-233,000
3,517,582
Tbtal: surplus
in
alone, 28,000 employes
215,000
7
; ■
increasing
DrZ0,086
7;
$585,042
77; 20,031
Interest on long-term
debtv___™_™.™_—
Prov. for estimated Federal
income taxes.
Ogden
152,
shutdown of all steelmaking operations of this
$567,974
61,285
of
funds, unless applied for by May 19, will be trans¬
to the general funds of Ogden, and holders will have no claim
against
,
*116,220
applied for
not
debenture
unclaimed
ferred
;
.
v
•
$523,756
w_j_ci_cc.
Total. income
*
154,225
J.c^-kV:V:
Profit
.
The
following
week of the strike steelmaking operations in U. S. Steel's largest
'
Pittsburgh District subsidiary will be reduced to 26% Of capacity,
7 and in the plants of the
Chicago district to 40%
7 ■'7
>77 v/
684,194
"Onlv an earlw resumhtion of coal mining
Only an early resumption
can prevent an inevitable
can
4
feet
flftlr rfJKSST
Fromexcise; tax^ $16,890,870 $15,081410
stoi e And
Depreciation
the
vk>;
,
corporation and the thousands of manufacturing plants de' ftettdent upon its production of steel today face > grave situation as
a
result of the prolongation of the coal strike.
During the fourth
%
»
President-on
-7''7V7: -7 7-;', 7;v
-
"This
(& Subs.)—Earns
~v&i'io^
F; Faifiess,
Benjamin
-'stateinent-
j.
files .his
to .Common. Pleas
Judge Clarence.Stewart.-—V. 162,
llS
United
;
•
has
$400
per
^
Warning to De-
benture Holders—
'
>
.'7/-
'■'' '■-..■[■7
'
" "'"'""""
-
:V'6) >''!•
1
'
•>
'
.
r.7
THE COMMERCIAL S FINANCIAL CHRONICLe
Prodirots;-
Corn7:
Bronze,
Tank
V"
'
Number 448S
7XV77:'
t'.U S7
•
all
-
shares
\
bought for
^
j
V
2344
fi
THE COMMERCIAL & FINANCIAL CHRONICLE
f
i\)' y
y.:}' ,,i
• y
j'M
'i
and
>
j.
i
.*
I*
;
Monday, April 29, 1946
'
■
-
1
V. ?.U \.i
City Department
..'v>,v
.....
■7.
7 ■-■
<
*&:i^IC §'
BOND PROPOSALS AND NEGOTIATIONS
'
Arizona.
pointed out that Act
178
of
1943
The bonds and interest thereon
Angeles County Burhank Uni¬ of San Francisco, jointly, as fol¬
are
secured by a pledge of the
District (P. O.
lows:
/ ;
(Los Angeles), Calif, " ®- 2 > $125,000 Hughson Elementary full faith, credit and taxing power
Bond I Sale — The
of the respective county or dis¬
following
School District bonds, paying
bonds
trict and an additional pledge of
amounting
to
$3,500,000
{[I a premium.o& $9.00=100.007, hei
and offered for sale on April 23—
respective copnty's or dis-.
y a net interest cost of 1.369%,
v. 163,. p. 2058—were awarded to
trict's distributive' share of a tax
as follows: For $21,000 matur-
Los
provides that any surplus arising
Maricopa County School Districts
from one source, in such
cases,
/
fP. O. Phoenix), Ariz. •'."•;••• ' •/
may be .applied to any other mu¬
; y- Bond Offering—J. E.
DeSouza,
nicipal purpose.
Clerk of the Board of
Supervisors,
will
receive
sealed
bids
until
2
June 3 for ihe purchase
p.
m.
of
school
on
bonds amount¬
coupon
ing
to
4%
interest.
$1,750,000,
-Dated
not
exceeding
July
1,4 1943/ Denom.
,$1,000. Due July 1, as follows:
$5fy000 in 1947 to 1940, and $100,•?
"We fail to see why the two
proposed issues may not be com¬
bined with
net
of
of
both
systems
to
city
and
it
without
water
a
would
of
loss and
the: bonds. ' The successful bidder
will be furnished with a certified
sanitary
of the transcript of the pro¬
ceedings so that the same may be
copy
passed
the
by the attorney for
analysis of such
shall
be
completed
bidder.
The
within
a
period of 10 days from
the acceptance of said bid
by the
Bparci
of
Supervisors.
Enclose
Supervisors,
will
p.
receive
bids
until
2
Glendale j Union J High
-
School
bonds. Due July 1, as
follows: $5,000 in 1947 to 1951,
ta-, and $10,000 in 1952 to 1961. yy{105,000 Sch. Dist. No. 14 bonds.
: ;f
Due
in
to
1947
<v
1949,
_
•>
63,000
No.
1,
.
7
follows: $9,000
1948, $10,000 in
$11,000 in 1950 to
a3
{
.
.
Sch.
Dist;
No.
5
bonds.
$1,000
1954, and $5,000 in
/;
/ 1955 to 1965.
Dated July 1,
1946. Denomina¬
No bids for less than
tion $1,000.
and
par*
accrued
interest.
The
£ successful bidder will be required
& to
furnish and pay for the print¬
ing of the bonds/ The successful
bidder shall
J?eifurnjshed with a
oi the transcript of
certified copy
the
proceedings
so
that the
same
be passed upon by the attorney for, such bidder. The. anal¬
ysis. of such transcript shall be
completed within a period of 10
may
days from the acceptance of said
bid for the.Board of
Supervisors.
Enclose
a
certified
of the amount
check for
5%
bid, payable to the
County Treasurer.
h
[
1;
1946.
These
1947
was
of.both systems to sup¬
port /; revenue r bonds issued
for
both.'
\
;
:
was
a
court, upheld Mr; Braswell's
that
the
proposing such
a
of
low expansion
system,
bonds to
on
which it
such
surplus
obligations ef the
vice
to
for
ceed
5%, payable semi-annually,
Denom. $1,000. Dated May 1, 1946.
Due $3,000 on July 1 [in 1947 to
1961, incl. Prin. and int. payable
2
p.m.
pay
County Treasurer's office.
bids
All'
May 7 for
on
the
must
unconditional
be
1946.
$1,000. These
$5,000 in 1947 to
1959. Principal and interest pay¬
opinion of O'Melveny & Myers of
Los Angeles.
A certified check
for.3% of the par value ol the
able
bonds
of
the
at
County
Enclose
a
Treasurer's
certified
will
check
bid, for;
bid.
nished with
Santa
County, Beardsley Sch. Dist.
(P. O. Bakersfield), Calif.
Bonds
V
Ana, Calif.
ted
An. issuef of
0
drain
storm
and
bids until
election held
a.m.
May 13 for
on
of
school
bonds
3947
bonds
to
terest
office.
Enclose
a
and
No
bids
to
the
Los
for
certified check for
a
bonds-amounting
will
to
special election
August 6: • ••• ■ '.
to
held
'
Dated
Denomination $1,-
1946.
bidder
&
Trust
due
June
on
Savings
'
100.11,
on
issue
.
,
1 :
_
v
Paula',
Home Construction bonds.
bond
8,200,000
-
Land
on
April 9,
$10,000 fire house
Land
1
Greater
interest cost of 1.42%., Other bid¬
ders were as follows:/ -J ->
bonds.
.-
Stantislaus County
provision
<
"
led
each
for
block
bids may be
is
bidder
letter.
one
h /
All
f
in
interested*;
incorporated
bids
be
must
firm through May 22, 1946, should
be addressed to the undersigned
the
envelope marked on the
that
6onds,"
or
is
it
a
fdr
"Bid
equivalent
words of
import.
>
Hillsborough County, Fla.
Bond Offering—Sealed bids
be received until 3 p. m. on
will
May
21, by the State Board of Admin¬
istration, at its office in TallahaSsee, for the purchase of $140,000
SB A refimding bonds, series 1946,
Interest rate is not to exceed
stated in
jp
j!|
3%yj
multiples of 1/4, 1/10 or |
1/20 of 1%. Coupon bonds, to be I"
awarded at not less than par.IF
$1;000. Dated July 1, 1946.it
July 1, 1964. Prin. and int. 'h
payable at the Exchange ;
Denom.
Due
on
(J—J)
National/Bank^ Tampa////yiyyyj]
The payment of said bonds
the
interest
thereon
will
and
be
cured
by a pledge of the full IJ
faith, credit and taxing power of ji
said > county, and an additional
pledge of said county's distribu-1
live
share, of
per gallon
other like
of two
tax
a
j
f
State of Florida, by the terms
the Legislature of
which
of
Florida; is
the levy Of
a
of
16
IX of the Constitution of
Article
of
cents
oh sales of gasoline or
products of petroleum f
accruing /under "/ Section
1,
required
they
toy'
j|
'said tax fbt
period of fifty years from' Jan.jp
1943, and is prohibited fromyj
withdrawing the proceeds thereof, ;}3
the operation of said con-i):
stitutional provision during said, f;
from
period.
lowest interest
III
'•
*
The bonds will be awarded
the bidder whose bid produces
,
William Blair & Co.,
during
bonds
of
the
Price Bid
Bidder
;
<
Separate bids must be submits
continue
Halsey, Stuart & Co.,
Blair & Co., Inc.,
Phelps, Fenn & Co.,
John Nuyeen & Co., : {
Stranahan, Harris & Co.,
Inc.,
• ■
Hornblower & Weeks,
C. F. Childs & Co., y
First of Michigan Corp.,
after
cost
t6|;|
they/
deduct¬
ing the premium 1 offered, if any.
Interest/
1
on
the
anyj
premium/ if
will not be considered
Milwaukee Co., and
as
deduct-?
ible in determining the net inter¬
est. cost.
In determining the net
Mullaney, Ross & Co.,
y jointly,./pcvyyyyyyj.
For $3,400,000/ IV2S,./—100,263 interest cost, interest will be compuled to the maturity date from if
(Net interest cost 1.4849%).
the
FLORIDA
and
storm
$50,000
Florida (State of),
At
Construc¬
Bond
Acquisition
;
to
:
If
j|
bonds
Board
issue
County Special
fcfidge Dj$^i,dt;!No.
the
hnrVritt J
purchasers of s&M bonds
charge.
hiollo ois
of
4
;
West, Fla.
u
;
.
H
WantedrrRqy.nll^mLnf:!
Clerk, has ahnOUr^cCd[ thai
the above City will rfecfelvei
sealedjjl;
jejfunding bonds. Dated
1938. Due $6,000 on
1947, and $4,000 on
tenders
April !li
April
1/ 1948,
with
Oct.
A
4% Sumter County Road
Bridge refunding bonds.
1, 1940. Due $29,000 on July 1, 1950, and $21,000 on July 1, 1951,1 with July
•
1, 1946 ASCA.'
Certificate
Adams,
'
City
nounced
■'
••-"r*
(FST)
Kissimmee, Fla.
Called — C.
Dated July
'
p.m!
ori
Jan.
and
•
8
and
B, refunding bonds, dated
1,
1938.
Tenders
shoulc jjj
designate the price at which sucl 1 'J
bonds are offered to the City,
1,
50,000
sold
until
May 21 for the purchase of serie^
'["April. 1,
bonds
tion, and Stone & Youngberg, both
ijl
withH/lj]
City
1946 ASCA.
National Trust & Savjngs Associa¬
saicjj
.
Key
v.-,,W.
was
behalf of
the
Tenders
School Districts
$160,000
011
and, if requested, a cop:
transcript of the proceedings involved will b&delivered tcj,
thej^pge
v
legality'
county
of
addition'B8hds.
■/
thatjM
effect
and
of thesaiq
Administration)
of
acting for and
defeatedtry([
■
valid
are
obligations
binding
State
bonds amount
■
the
,
out
recently to the Bank of America
Park
Acquisition and Build
ing Construction bonds. •-
Sale—An
amounting
Road and
"
rt/'IA'.f rfcrhfirfirrcr
/
such
the purchase of the following de¬
scribed bonds aggregating $8Q,000.
r
1946.
approving opinion of Giles j
Patterson, Attorney, Jackson-^
ville, Florida, to
(EST), on May 21, by the Florida
State Board of Administration for
$20,000 4%', Lake
first day of July,
The
J.
Portfolio Bond Offering—Sealed
(P. O. Modesto), Calif.
,
Beach
constitutional
said period.
State
*
prohibited
withdrawing the proceeds
thereof from the operation of said
$1,900,000. iy4s, and $1,500,000
the
IV2S, at a price of 100.002, a net
185,000 city hall, jail andA?ourt
-
Incinerator
and
bonds.
The construction
,
favorably voted at the elec¬
ing to $195,000 were
Building
and Park
Landscaping bonds
1,275,000 Art Institute Building
tion
control
time the following
bonds.
4,600,000
flood
tion held
Detention
Construction bonds.
Jan. 1,1943, and is
rom
.
>
2,600,000 County Museum and
Exposition
Park
Additions
a
of
drain bonds amounting to
was
.
Exhibition
continue the levy of
a period of fifty years
outside
amounting to $3,400,000 and
for sale on April 23—v.
163, p. 2058—were awarded to a
syndicate composed of Blyth, &
Co., Bank of America National
Trust & Savings Association, both
of San Francisco, R, H. Moulton &
Co., Wm. R. Staats Co., both of
Los Angeles, and the Anglo-Cali¬
fornia; National
Bank, of San
Francisco
at a price of 100.03, a
net interest cost of 1.342%, as fol¬
lows: for: $750,000 .maturing June
1, $100,000 in 1947 to 1953, $50,000
in 1954 as 3s, and $2,650,000 ma¬
turing June 1, $50,000 in 1954 and
$100,000 in 1955 to 1980 as l%s.
Interest J-D. Dated June 1, 1946.
Denomination
$1,000.
The next
highest bidder was the American
Trust Co., San Francisco, Harris
Trust & Savings Bank, Chicago,
First Boston Corp., Weeden & Co.,
La wson /''Levy
&
Williams,
Hannaford & Talbot, and Walter,
Woody, & Heimerdinger, jointly,
Florida,
from
bids will be received until 3 p. m.
Calif.
Bonds Voted arid Defeated—An
5,000,000 County Farm Jail Con-
400,000
to
said tax for
and
(P. O. San
bonds
4V2s, and $50,000 Is, at a price of
bonds.
Juvenile
—
quired
Asso¬
1
2,000,000
Flood Control
1
of
State
ture of the State of Florida is re¬
offered
ciation, San Francisco, for $20,000
Santa
slruction bonds.
Sale
of the
the terms of which the Legisla¬
oy
in
Buenaventura)tCalif.
the Bank of America
was
National
$19,000,000 COurt House and Office
Building
Construction
•V
Ventura County
Bond
16 of Article IX of the Con¬
ion
stitution
but all
,
For $35,000, 2s—.._—.100.302
.
two cents per gallon on sales*
gasoline or other like products
of petroleum accruing under SecOf
,
are
The next highest
1, 1947 to 1960.
following
$43,075,000
be
1.245%.
about
of
1,
These bonds
000.
be submitted to the voters at
a
basis
June
<
Election—The
bonds
amounting to $70,000 and offered
sale on April 23—v. 163, p,
1775 were awarded to the Pajaro
Valley Savings. Bank, of Watsonville, as l%s, at a price of 100.04,
Angeles County (P. O. }
Los Angeles), Califs'
Bond
school
for
accrued inter¬
County Clerk.
The next highest bidder was:
Lawson Levy' & Williams,
District Zone
of
which
.
are
par
April 9.
Sale—The
Bond
due $50,000 in
Principal and in¬
payable
at
the
County
than
on
EJementdry School District }
(P. O. Santa Cruz), Calif.
1951.
Treasurer's
was
Santa Cruz County, Soquel Union
amounting to $250,000, not ex¬
ceeding 5% interest. Dated April
8,
1946. ' Denomination
$1,000
These
construc¬
sewer
amounting to $1,500,favorably voted at the
tion
purchase
Interest A-O.
bonds
Bond
Offering— R; Ji Veon;
County Clerk, will receive sealed
000
•
for
*
Kern
the
pur¬
to the
be fur*
payable
County Treasurer, must
$1,000, payable to the Board
Supervisors.
11
The
be
furnished, free of
charge, with the legal approving
due
are
accrued interest.
chaser
Denomination
office.
for
its
sewer,system
versa," the high court
Until
bonds
arising
from
operation
of
the
waterworks, the city, might, not
and
Co.,
and
balance of $97,000.
To Mr. Braswell's point that "If
there be any surplus net revenue
use
&
price of 100.009.
the
purchase of
school "bonds
amounting to $65,000, not exceed¬
ing 5% interest. Dated May 1,
al¬
owes
County
and must be for not less than par
con¬
system; and
on
bids
of the city's debt-
waterworks
Smith,
m.
at
city ordinance
joint project was
revenue
J.
B.
by
a.
Clerk, for the purchase of $45,000
highest .school building and improvement
bonds. Interest rate is not to ex--
next
Weeden
7,
11
Offering—E. Dusenberry,
County Clerk, will receive sealed
/The ordinance provided
sale
sewer
May
$1,000.
$5,000 " in
due
The
(P. O. Fresno), Calif.
by ,${ It. Bras well, Harrison propertyoiowner, in which the lower
free
will be received until
Dated June
;J[resno County, Selma Sch. Dist.
case aio?e in a suit brought
invalid.
arc
1963.
l.%s; at
rever¬
revenue
tention
(P. O. Santa Ana), Calif.
Offering—Sealed bids
Bond
10% of the bonds bid for, payable
by the State Supreme Court
when that body ruled that a
city
may
combine two improvement
districts and pledge the entire net
Thg
Orange County, Cypress Sch. Dist.
Denomination
bonds
to
bidder
est.
ARKANSAS
County Court decree
for
to the Bank
basis of about 1.24%.
sed
-
and Milwaukee Co.,
$2,000,000, IV2S, and
$1,500,000,.IV4S at 100,15., (Net in¬
terest cost 1.3813%f)
V ■.
,
2058/-were awarded
-
-
igan Corp.,
jointly, for
{Bond Sale—The. school; bonds
amounting to $85,000 and offered
for $ale on April 22—v.
163, &.
less
Arkansas (State of)
y
T Court
Rules
On
Support For
Local Revenue Bonds—A Boone
J
!
Bond
Due July 1, as follows:
in 1947 to
~y
County, Danville
(P. O.
Martinez), Calif.
v1:
paying a premium
y of $99.00=108.28, a net inter¬
est cost of 1.578%, as follows:
For
$6,000 maturing $2,000
ApHl 16,l947 t6 1949, as 41/2s,
and
$29,000 maturing April
15, $2,000 in 1950 to 1961, and
$1,000 in 1962 to 1966, as iy2s.
I
-
Interest A-O.
trict bonds
1947; to
July 1, 1946. Denomina¬
tion $1,000. The next highest bid¬
der/Was the National City1 Bank,
of New York, Halsey, Stuart &
Co., Phelps/ Fenn & Co., Ameri¬
can
Trust
Co., San
Francisco,
Weeden & Co., festabrook & Co.,
C. F. Childs & Co., First of Mich¬
sold
was
o o
1V4S.
as
35,000 Waterford School Dis¬
■' ■ 1
sch
from
as
1966,
y
Dated
s
Union r:School District
bonds.
^
and
and
1956.
'
o*
Dist.
1961.
Due July
'
as follows: $3,000
1951, and $9,000 in
Sch.
1952
4
d
July 1,
1947 to
105,000
;
o n
ings Association, of San Francisco,
as
I1/4S, at a price of 100.092, a
-
$125,000
*
b
>
Due
1971..
.
Contra Costa
•
elementary
bonds.
CALIFORNIA
-/
0^0*
•
1,500,000
improvement
amounting to $95,000
recently.
43/4s, and $104,000
maturing April 15^ $7,000 in
1950 to 1956, $6,000 in 1957 to
1961
and
$5,000 in 1962 to
'
from 1947 to
;
/
use-
following school coupon
amounting to $398,000, to
not exceeding 4%
interest:
the
bear
entirely
1949,
$2,000,000 high school bonds. Due
of Arherica National Trust & Sav¬
on
bonds
:;v;
1.338%:
a
be
June 3, for the purchase
m.
of
sealed
not
system
certified check for 5% of the bid,
Bond Offering—J. E. De
Souza,
Clerk of the Board of
if
system without
system would
Mountain Home, Ark.
Bonds' Sold—An issue of water
payable to the County Treasurer.
;
total
a
"
a
Maricopa County Sch. Dist. No. 1
tv'" i' (P- O. Phoenix), Ariz.
.//*
water
sewer
impractical,
upon
transcript
.
be
less."/////;y//: ■■■(
printing
■
system
sewer
&
Chase National Bank, of
New York, Seattle-First National
Bank, of Seattle, and the Conti¬
nental Bank & Trust Co., of Salt
Lake City, as. IV2S, at a price of
102.095, a net interest cost of
reasonable to operate them as one
project.'; A sanitary
Trust
cisco,
arid
logical
appears
National
America
y ing $7,000 April 15, 1947 to
Savings Association, of San Fran¬
support the revenue bonds issued
for both,"
the high court said.
"Both properties
belong to the
The purchaser will be
required to
furnish and pay for
"
'
a
revenue
.
syndicate composed of the Bank
pledge of the entire
a
000 in 1950 to 1965. No bids for
less than par and accrued interest.
•
fied School
•
Dj
Manager, has an
'that
the
outstandinj
i|f * r.i /v/
/; '-'■:
yolume
electric
•';
'■
■[■• '
1
,1
water
dated
Nos. 20 to 90,
THE
Dec.
1, 1939,
called for pay¬
are
in
;
revenue
■'n r*
i'pnhi hfiw-
*
>j<i
1971
and
1973 and
1972,
COMMERCIAL";rPINANClAL CHRONICLE
$18,000
1, at the place of
payment designated therein. These
in
Barcus, Kindred. & Co., of Chir
cago.', Dated April 1, 1946. Legal¬
ity approved by Charles & Trau-
1974, and $19,000 in
<:;.y 1975.
June
on
I': r„ityjQ%iw /jhpmmi .*$$P
"/''''
:
'Number '4485 *
light and
certificates,
ment
'
.
163
;
200,000 2%%
ernicht of St.
Refunding of 1946
bonds. Due June 1, 1976, op•;>: tional
June 1, 1951.
Dated June l, 1946.
V /
certificates
mature
serially
on
Dec. 1, 1946 to 1959.
Interest
Lake
"v
;
',
.
struction
Polk
County Special Road and
Bridge Districts, Fla. .;
Bond
Offering — Sealed
Will be received until 3 p.
May 21, by
bids
..
m.
on
of
at its office
the purchase
in
State
of
the
following coupon SB A
funding, series V1946 ./bonds
gregating $62,000:
re¬
ag¬
...
.
$32,000 District No.
Bond
.,
Board
the
Administration,
Tallahassee, for
County Special Road and
| tr^i' Bridge Districts, Fla.
May
21,
by
other
are
of
Jacksonville.
conditions
of
this
All
offering
the same as those set out
der
the ;• offering
un¬
.of the Hills¬
SBA\ refunding
; '/
Miami, Fla.
;
■
$23,944,000,
were
$17,000,000
sewage
.
\,'.v
Prin.
$1,000.
tional
of Jacksonville.
Bank
other
conditions
of
this
All
offering
identical with those listed
are
der
the
Hillsborough
un¬
County
bend offering, set out above.
Pomppno, Fla.
Winifred F.
—
bonds by a count of 15,525 to
Called
and
•
Redeemed
1954
Said bonds will be
less
than
to
par
lowest
net
er/plant,' engine
interest
cost
the
to
the date of maturity and deduct¬
ing therefrom the premium bid if
any. .No bid for less than all of
said'bonds will be considered.
rates
bid
must
AJ1
mul¬
more
'•
dated
July 1, 1942.
Sebring, Fla.
' *
'
Tenders Wanted—D. R. Steven¬
.
Clerk';, and
City
son,
receive
sealed
Treasurer,
tenders
until
8 p.m/ on June 4 for the purchase
of certificates of indebtedness and/
;
interest; rates
shall be
by any bidder. Said bonds
being issued subject to the ap¬
proving opinion of Chapman &
Cutler,
of Chicago,
and
must be
conditioned
proval.
all
furnished
at
the
'"'-■v-
Bonds
school
ridge refunding bonds, Nos.497 to
863, amounting to $5,000,
!h June 1, 1946, and subsequent
25,000
Due
attached,;; Dated June 1
oupons
940. These bonds
,'.1970.,
due
are
on
June
Holders are notified to
resent to the paying agent, the
anufacturers
Trust
Co., New
ork City, the above bonds with
11
interest
coupons
attached
here redemption will be made.
(
Orange County, Fla.
Bond
.Offering
—-
Sealed
bids
ill be received until 3 p. m. on
21, by the State Board of
ministration, at its office in
allahassee, for the purchase of
248,000 SBA refunding bonds,
ay
eries
1946.
Coupon bonds, dated
uly 1, 1946. Denom. $1,000. Due
July 1 as follows: $124,000 in
1953. to 1956, 1958 to
1963 to 1966, and 1968 to
1961 j
j'or general
check for 2%
held
,
Sale
been
validated
preme
by the State
The
April
Court. Purchaser to
assume
n
cost of printing the bonds. A cer¬
966, and 1967. Prin.; and int. tified check for 2% of the entire
j—j) payable at the First Na~ ^amount of the issue is
required.
ional Bank at Orlando,* All other
23—v.
163,
p.
sale
onditions of this offering are the
as those set out under the
ILLINOIS
ame
Tlsborough
'sted
\
Bonds
,
County
above,'
'
(
Ormond, Fla.
•'
_
of : New
York
;
g
Refunding of
1946
Due June 1, as fol¬
$8,000 in 1947 and 1948,
$9,000 in 1949 to 1951, and
$10,000 in 1952.
bonds.
lows:
.
18,000
Bond Call—It is stated that E.
calling
Cohu
ointly, are offering for exchange
holders of refunding bonds of
940, the fhUpwirig bonds amount53,000
County Sch. Dist. No. J5
(P. O. Beardstown), III. ■:(.
Miller Dunn, Schpol Treasurer, is
•
Offered for Exchange
J. Van Ingen & Co., and
Torrey, .] both
Cass
offering,
"* i' 3
3%'
for
payment
on
July
ipgao $81,000:
$4^)00 3% water
1918—were
N##M;36
of the 2%% funding
bopejs, dated Feb^b 1S|41 Denom-
BOflO;iDhfie?"
in
>$§?. Bayipeptfpf tfteprin-
ciprit amount,
cfili ?d Inmtest
togejjbier with,
.
thePpcm,
ca<
rid
up Jto an
inqludin|;'date ,'illMl^ will be
I
ma[d^-.;iph 'jpresentjatidh of '/said
r
bonds at thfe First National;Bank,
Chicago. Said bonds must be pre¬
sented
in
negotiable
form and
should have attached the July 1,
Refunding of 1946
Junel, as follows: 1946, and all subsequent coupons
Interest ceases on date called.
$10,000 in 1953 to 1955, $11,000
in 1956 to 1958, $12,000 in 1959
' Salem, III.
to 1961, $13,000 in 1962 and
Bonds Sold—It is reported that
: \1963, $14,000 in 1964 to 1966, $200,000 2y4% semi-annual water
$15,000 in 1967 and 1968, $16,- works
and
sewerage
revenue
000 in 1969 and 1970, $17,000 bonds were
purchased recently by
bonds. Due
IOWA
,
.
r
Beltevue, Iowa
/■Bond Sale
—
An issue of me¬
morial building bonds amounting
,
-
■
>
Spalding,
$20,000 and offered for sale
17—v./163,
p.' 1775
—
date
opening
change
the
and
certified check for
$250,
'
Webster County (P. O. Dixon), Ky.
Bond §ble—The following reve¬
nue
bonds
amounting to $51,000
and offered for sale on April 24—
v. 163,- p. 2205—were awarded to
the
Bankers
viiie/,
Bond
;
Co., of Louis•
.
■
.
$3,000 April 1, 1952 to 1963.
April 1. 1946
/
;
Dated
if any,
price of 100.10,
issue
rates
or-
bid
by
paid
the
be
paid the premium,
;f-<\
•>. •
•' :/•
bid.,>
..
All bids must be unconditional.
The opinion of
King
Wood, Hoffman,
Dawson,; of New York
&
City,/approving
the
these
be
the
bonds
will
purchaser
bidders
validty
without
•f
of
furnished
'..
to
cost j-All
required to submit
are
a
certified check drawn to the order
of the Board of
Liquidation of the
State Debt for the amount of 1%'
the amount of the
of
bonds.,The
right is reserved to reject any and
Delivery of the bonds will
all bids.
be
made
in
Orleans
the
in
or
City
the
'
St.
:
New
the
pur^
;
Landry Parish (P. O.
Opelousas), La.
>
*
Bonds
S.
Baton
of
w
,
1;
of
City
without cost to
chaser.
Voted
It
—
;
/
t
-
is stated bv
A.
the
Moncal, Superintendent of
Parish School Board, that a;
election held on April 16 the
voters
approved
the
issuance
of
$1,800,000 school bonds.
West Baton Rouge Parish
Port Allen), La.
Bond
,
(P. O.
,
Offerings-Sealed bids wilT
be received until; 3
May
p.mv on
8, by L. T. Bernard, Secretary o f
Jury, for the purchase
of $215,000 public
improvement
the Police
bonds.
Interest rate is not to
ex¬
ceed
4%, payable M-N. Denomina¬
tion $1,000. Dated May
1, 1946
Due,
on
The
basis of about 0.718%. Dated
May
1.
1946.
Denomination
$1,000.
These bonds
the
State
Debt, will
a.m.
re¬
on
May 27, for the purchase of series
B, institutional improvement cou¬
pon or registered bonds amounting
to
$4,622,000, to bear not exceed¬
ing 5% interest.
Dated
due $15,000 May
The next highest
the Merchants Na¬
was
tional
Bank. Boston, for
price
of
were
&
R.
Bay
L.
Co;,
&
Estabrook &
Harrimdn
Co.,
&
Co.,
Co.,
Ripley
Inc.,
and
Tyler & Co.,
'
/
Note
a
bidders
Ratb/pVfce Bicl
'
Stuart
Blair
3/4S, at
100.10.- Other
follows:
as
Kalsey,
-
of
are
1, 1947 to 1956,
bidder;
1$0.03T
y133
and
MiV.-
.ioint]y_T»/'/"
&
no
>
'
^niBOCt •». '
jointljC.w^Jtyi^ ^3100 333
100 199
Boston, Massi
.
ceive sealed bids until 11
a
rate
Louisiana (P. O. Baton
tion
Is, at
the
Robert Hawkins & Co
LOUISIANA
•
White-Phillips Co
of
.
18—v.
the
the
Bidder
000 and offered for sale
was
bonds
rate of interest. The
•
court house bonds. Bue
$3,000 April 1, 1947 to 1951.
36,000 court house bonds. Due
Bond Sale—The county public
hospital bonds amounting to $100,-
der
all
same
-
Rouge), La.
Bond Offering—^L. B.
Baynard,
Secretary of the Board of Liquida¬
for
two
.
o
on Apr!
163, p. 2205—were awardec
to Halsey, Stuart & Co., as
Is, a';
a price of
100.69, a basis of abou
0.85%. Dated May 1, 1946. These
bonds are due on Nov.
1, from
1949 to 1965. The next
highest bid
but
rates * may
be
it sha 1 not be neces¬
■
$15,000
Jackson County (P. O. Maquoketa), Iowa
considered
Secretary of the Roard of Trustees,; tified check, payable to the
Parish,
will receive sealed bids until 1. must
accompany. the bid. (j
,
p.m/ on April >29 ioh»the purchase
of 3 % school building,revenue re¬
-.im.MARYLAND ;
funding
bonds
amounting / to
Sharpsburg, Md.
$11,000.
Bonds Boted—An issue of water
/Dated/May :!, 1946. Denomina¬
and sewer system bonds amount¬
tion $500. Dub May 1, as follows:
ing
to
$80,000
was • favorably
$500 in 1947, $1,000 in 1948, $500
voted ; at
the
election > held' on
in 1949,; $1,000 in 1950, $500 in
April 9.
1951, $1,000 in 1952, $500 in 1953,
$1,000 in 1954, $500 in 1955, $1,000
MASSACHUSETTS
1
in 1956, $500 in 1957, and
$1,000 in
1958 to 1960. Subject to redemp¬
Barnstable, Mass.
tion at par value and accrued in¬
Bond Sale—The bridge
coupon
terest, in their inverse numerical bonds amounting to $150,000 and
order, on any interest payment offered for sale on April 23—v.
date after May 1, 1951. Principal 163, p. 2206—were awarded to the
and interest payable at the Peo¬
Hyannis Trust Co., of Hyannis,
ples Bank, Science Hill. Enclose a as %s, at a price of 100.172. a
on
swimming pool refunding
borlds amounting to $12,000 was
purchased recently by Shaw, McDermott & Co., of Des Moines, at
injfc
May,, 1 in 1947, to 1966
approving / opinion of
| Chapman & Cutler of Chicago,
Offering—Hardin Sweeny,; will be furnished. A
$5,000 cer¬
Science Hill, Ky.
Bond
be
to
State, and the successful bidder
will be determined by-computing
the amount of interest to be
the
the right to
to
interest
der offering to purchase the same
at the lowest interest cost to the
incl.
1V2%
a,roe ot par'
formalities
of
'
was
issue
v V
:
considering
acting as fisca
agent for the City in the handling
of refunding bonds in the amounts
specified above.
*
Harlan} Iowa
Bonds Purchased—An
the
Dear
May 13 for
works bonds.
1944. Due seri¬
reserves
be
that
sary
Rouge
said proposals for
The next highest bidder was the
First National Bank, Bellevue.
I
V
.
The City
Quail & Co., of Daven¬
port. Dated April 1, 1946. Denom¬
ination $1,000. These bonds are
due $2,000 Nov, 1, 1951 to 1960
■
(J—J)
of
ally to Jan. 1,1957.
32,000 3% sewer bonds. Datec
July 1, 1944.
Due serially to
// Jan. 1, 1957. , \
• ir,.
6,000 4% city nail bonds/ Due
serially to Jan. 1, 1952,
waive
fiscal
interest
and
;
awarded to
1,
and int/
bank
aids until 7:30 p.m. on
on
will
named
City Manager, will receive sealed
$10,000 fire
for
These bonds
to
the
Dated July 1,
building improve¬
ment bonds amounting to
$10,000,
not exceeding 4% interest.
Dated
May 1/1946. Denomination, $500.
April
Denom.
Hazard, Kv.t
awarded to the .First State Bgnk
of Porter, as l.^s. Dated March
-
investment.
Bond Offering—H. A.
City.
bonds, offered
Su¬
refund¬
& Stites of Louisville.
to the Treas¬
truck
on
coupon
Murray,
legality to be approved by Stites
of the
.
at the f election
A
$1,000, Dated July 1, 1946. Due on
July 1 as follows: $4,000 in 1947 to
"950; $5,000 in 1951; $4,000, 1952;
$5,000, 1953; $4,000,: 1954; $5,000,
1955, and $4,000 in 1956. Callable
on and after Jan.
1, 1949, on cerfayable at
of
interest to
—
lowing refunding bonds amount-
the bonds, payable
urer of the School
17, 1945. These bonds have
Public
2^%
;ain terms. Prin,
i
Treas¬
the
to the respective dates of
maturity of the bonds, and de¬
ducting from the total amount of
revenue
building
Rate
ssue
the purpose of refinancing the fol¬
a
:
Oct.
to
of
State
at
bidder
KENTUCKY
issue
the
or
multiples of 1/a ^or one-tenth of
1%. No bid for less than the entiffe
at
certified
Enclose
are due $500 July 1,
1947, and: Jan. and July 1, 1948
155,000 Sewerage arid Drainage to Jan. 1, 1957. Rate of interest
System bonds. Due! Jan. 1, as to be in multiples of. Vk of 1%.
follows: $6,000 in 1947, $5,000 No bids for less than par and ac¬
in 1948 to 1951, $6,000 in 1952, crued
interest.
The
approving
$5,000 in 1953 to 1956, $6,000 opinion of Ross, McCord, Ice &
in 1957, $5,000 in 1958 to 1.961, Miller/; of Indianapolis, will be
$6,000 in 1962, $5,000 in 1963 furnished the purchaser. Payable
to 1966, $6,000 in 1967, and out
of
unlimited
ad
valorem
taxes.
Enclose a certified check
$5,000 in 1968 to 1976,
Dated Jan 1,1946. Denomination for $500, payable to the School
$1,000. These are the bonds au¬ Township.
thorized
elec¬
May 7.
bids
1976.
,
the
at
bonds is being offered by
Stein Bros. & Boyce of
Louisville,
the purchase of
Library Building bonds.
$1,000 Jan; 1, 1948 to
1951,
—
of
ing
*
00 and
on
Offered
$43,000
.
,
-
issue
■Calloway County (Pi O.
/ Murray), Ky. K
ahnouncechthat the State Board of
15,
1945.
Denomination
$1,000.
Administration, successor to the 25 for the
pi
;hase of the follow¬ These bonds are due $1,000 Dec.
Board of County Commissioners
ing ' 2%: bonds ; amounting; to 15; 1947 to 1956. Interest J-D.
of Okeechobee County, by virtiie
$600,000:
f
Wright Township School TownSection 16 of Article 9,1 of
the State Constitution, has elected $300,000 School bonds. Due $10,000
ship ^P. O. Midland), Ind.
;
Jan. 1, 1947 to 1976.
Bond
to exercise its option to call and
Offering—May
Green120,000 Parks and Playgrounds, way, Trustee, will receive sealed
edeem.;on June 1, at par and acbonds.
Due
$4,000 Jan. 1, bids until 7 p.m. on May 3 for
rued interest, series A, road and
1947 to 1976.
voters
tion to be held
Porter, Ind.
Decatur, Ga.
>,
;ii Bond Offering—M. H. Christian,
City Clerk, has announced that the
City Commissioners w|ll receive
open bids until 7:30 p.m. on April
An
Principal and inter¬
at
office,
bonds will be awarded to the bid¬
of the par value of
City.
Bond
the
such ap¬
expense
—
1967.
urer's
.
Election
to
to
payable
different
and
Madison, Kan.t
• ■
mitted
approving opinion
printed bonds will be
the
School
on
v.
1951
est
City.
softening
plant
bond/s
amounting to $18,000 will be sub¬
Such
and
purchase
$372,000 in 1950, and $250,000 in^
agency of the State in New Yprk
water
are
are
:
Bond
named
bonds
April 7.
on
amounting
favorably voted at
on April 15,
t4
highest
computing total interest on all the
bonds t from the date thereof to
two
defeated
was
the election held
sold at
the
School City, to be determined by
interest
s
:
Bonds Voted—An issue of
pow¬
and
responsible bidder who offers the
GEORGIA
J. Edwin Larson, Secretary of the
State Board of Administration, has
1,
be
Okeechobee
Bonds
not
June
tiples of J/4 of 1%, and not
bonds.
County (P. O.
Okeechobee), Fla. '
$150,000
1955.
than
refunding bonds, due Sept. 1,
;2,085;^?^^^^^^^
He reports that validation of the 1968. The City has $25,000 in sink¬
bonds will get under way im- ing funds for the purchase of these
1
amounting
ceeding 4% interest. Dated June
1,
1946.
Denomination
$1,000.
for the purchase of refunding
bonds amounting to $15,000. These
or
mediately.
May 14 for the
refunding bonds
to $300,000, not ex¬
13
will
,6,944,000 sidewalk improvement
until 7:30 p.m. on
Due
d
Attica, Kan.
Bond Offering—Dan
of
o n
rural power line bonds
to $50,000 was
sealed tenders until 8 p.m. on May
/•/
count of 17,353 to 1,089. 1,
1
INDIANA
andint.
( J—J) payable at the Florida Na-
sewer
extension and
disposal bonds by a
,
b
KANSAS'//-^':-;;1.
19, has been
on
Meeuwes, City Clerk, will receive
approved:
Jan.
purchase
Tenders Wanted
V:/;
4
,
the
District
No.
3
bonds.
Dated July 1, 1946. Due on
July 1, 1959.
20,000
District No.
12 bonds.
;
Dated July 1, 1946. Due on
July 1, 1959.
borough County
bonds, series 1946,; listed above.
i
Bonds Voted—It is stated by G.
N. Shaw, Director of Finance, that
at the election held on April 16
the following bonds aggregating
on
sold..
auditorium
at the election held
the
at
$30,000
Denom.
Bank
election held
bids
p. m.
authorized
gymnasium
to
Gary School City, Ind.
Kreitzman,
Secretary
of
the
Board < of
Trustees, will receive sealed bids
30,000 District No. 9 bonds. Dated
j
July If 1946; Due on July 1,
tional
$100,000 ; and
amounting
State Board of
Administration, at its office in
Tallahassee, for the purchase of
;he
following coupon SBA > re¬
funding bonds, series 1946-A, ag¬
gregating $50,000:
'
^
8 bonds. Dated
Denom.: $1,000. Prin. - and • int'.
<J—J) payable at the Florida Na¬
Sealed
—
will be received until 3
July 1, 1946. Due on July 1,
1969./: ;
X/: V;//:-■••;
:
Offering
bonds
Pocahontas Sch. Dist., Iowa
Defeated — An issue of
Bonds
amounting to $65,000
Tiskilwa Sch. Dist. No. 501, III.
Bonds Sold—An issue of con¬
,
ceases on date called.
Louis//;;;/y':
2345
Sale—An
issue
;■
of
■
tempo¬
rary notes
amounting to $5,000,000
for sale od April 24
was awarded to
Halsey, Stuart &
Co., at 1%, plus a premium of
$150.00.
r1
and
offered
Notes Offered For
Subscription
—The successful bidder reoffered.
the above notes for public invest¬
ment at a price to yield 0.75%,
May 1, 1946. Denomina- Dated April 29, 1946. Due on Nov.
tion $1,000. Due May 1, as follows:' 4, 1946. Bankers are said to regard
'
'■
\t
■■■{
v"
■
<" ■,•,'■ ;,"'v
——
"these notes as legal, investment
for Massachusetts savings banks
;7i and those in New York State, w],
? r g
These
►1946. Denomination- $1,000.
Brockton, Mass.
bonds
due
are
Sept. 1, from
next highest
on
The
1956.
to
1947
notes bidder was the First of Michigan
and offered Corp., for $28,000 IY4S, and $10,for
sale
on
April
24
were 000
Is, at a price of 100.06.
awarded to the Merchants Na¬
Flint, Mich.
tional Bank of Boston, at a dis¬
Bond Sale—An issue of 2 lk %
count of 0.458%. Dated April 25,
hangar
porject No.
1
>1946. Denominations to suit pur¬ airport
revenue bonds amounting to $25,chaser. These notes are due on
000 and offered for sale on Apr!
Dec. 10, 1946. Other bidders were
22—v. 163, p. 2206—was awardec
,.as follows;
\7;Fi F/v;
Note Sale—The temporary
amounting to $500,000
,
Bidder
r.
■r
Rate
/
,
Second National Bank,
_0.472%
_;
Boston
National Shawmut Bank,
0.51%
First National Bank, Boston 0.53%
Leavitt & Co.,.
0.595%
Boston
Note Offering—James D. Bent-
(EST)
i
?
i
M
nomination
-
F
$5,000.
disDeMay 1,
Due
of
authority
under
Issue
F? 1947.
notes
$50,000, at a
May 1, 1946.
to
Dated
count.
-
a.m.
industrial- farm
of
amounting
i 1
/ t'.\
re
11
April 30 for the pur¬
on
chase
will
until
bids
sealed
ceive
?;• ;ru
Treasurer,
County
ley,
>
.
Laws, Chapter 126, - as
amended.' Payable at the MerGeneral
y: chants National Bank in Salem or
K at the National Shawmut B51\k of
Delivery
Boston.
National Bank
of Flint, at a price of 102.00, a
basis of about 2.18%. Dated April
Michigan
15,1946. Denomination $500. These
are due $2,500 Oct. 15, 1948
bonds
1957.
to
District
Medley,
will
until
bids
sealed
receive
Secretary,
8
(EST) on April 29 for the
purchase • of
building
bonds
amounting to $45,000, not exceed¬
p.m.
ing 3%
Dated April 1,
interest.
Denomination $1,000.
1946.
March
$15,000
Trust
bonds
will
troit.
delivered
Enclose
be
proposal
will be
is au¬
ceases,
to
361
$800*000,
1.20s_£^'>100.55
Minn.
at
ation >$1,000.
in. multiples
interest
of
one-eighth
one-tenth
or
200,000
.
est
to $175,000
April 17—
163, p. 1919—were awarded to
Stranahanp Harris & Co.,- Ihc.p of
v
■r
••;;
;■,?
building
/ community
'
Smith County, Mize
!
,
Special Con* :
solidat ed School District.
* '
{P. O. Raleigh )f Miss. ;
payable at an£ suitable bank
or
trust
company in
St. ,Paul,
Minneapolis or Chicago. The ap¬
proving opinion of Dorsey, Colman, Barker, Scott & Barber, of
v.
■;M^'-iv'F;fvf.f'
400,000 parking lots bonfds..
Registerable as t<? principal only.
No bid for less than par and ac¬
crued interest. ; Prin. and inter¬
and offered for sale on
'-
bonds;
;,,'
the
of
sewi
>,
„
300,000. sewer expansion bonds.
400,000 parks and playgrounds
1%.
of
,
300,000 fire and jail department
Due:5 $2Q,000 .Jan; 1,
1948 to. 1962, Bidders to name
A,:%F
amounting
011
improvements
street
;
F;3; bonds.
bonds amounting to $300,000. Dated May 1,.1946. Denomin¬
,
Bond Sale—The following
held
F:° '
bonds.
,
May 2 for the purchase of hospital
rate
be
to
election
the
May 14:-
coupon
uW&hjr&'k
'
bonds
•
"
receive sealed bids until 2 p.m. on
Sylvpn Lake (P. O. Pontiac),
er
be
will
to
$3,500,000
to the voters
amounting
submitted
bonds
' '
F'
-
.
following
Election—The
Bond
(P. .O.
"
construction.
'
'
Offering.^— Elmer. F.
$1,900,000
Anderson, County Auditor,will
refunding bonds
dated Nov. 1,
v v
V
Bond
which
at par plus
■
>
Morris),
;
on
,(V.y (.* •*»
•'* -■; :-
»'■
r
Stevens County
•
389,
date called.
on
cease
; For
■
1942, denomination $1,000. Bonds
should be presented for payment
at
the
Detroit
Bank,
Detroit.
All interest on said bonds will
.P-V:<;v,'p.
;
C. S. Ashmun Co., joiptly,
Call—Mr. Hiller calls for
accrued interest,
Nos.
11
;
•
**
40-acre
a
F Bond
Offering—The
the Board of
of
Clerk
Supervisors will re¬
ceive sealed bids
until 11 a.m. on
May 6, for the purchase of $75,000
school bonds/Dated May 1, 1946.
the
Shawmut Bank/PTBoston.
notes will
uineness
.
Shawmut
National
Bank of Bos-
'
Gray,
ton, under advice of Ropes,
Best,
Coolidgey& Rugg, of Boston.
may
prescribed
limitation
the
within
be necessary to pay
interest thereon,
and
bonds
the
r
of the
by Section 21, Article X,
i;
Hampden Courity (P. O. Spring
field), Mass.
F
Constitution and the
Michigan "Property Tax Limita¬
F;
F_ Note Sale—The temporary notes
amounting to $20,000 and offered
lows:
For
$86,000 maturing
? Oct. 1, $3,000 in 1947 tQ 1950,
•C$4,000 in 1951 to 1961/ $5,000
in 1962 to 1967, as l%sr and
tion Act." The School District au¬
April 24—v. 163, p.
2206—were awarded to the Third
sale
for
on
&
Bank
•F National
of
Co.,
Trust
Springfield, at a discount of 0.38%.
1946. Denomina¬
tion
$10,000 and; $5,000.
These
c. notes
are
due on April 1, 1947.
„
.Dated April 24,
■:» The
only other bidder was the
C.JSpringfield National, Bank, at a
".
rate of 0.45%."'
•
;•'••;>
•,
Wakefield, Mass.
•/
f
i
Bond
Sale
—
,"■[ >
i
following
The
$152,000 and
offered for sale on April 24 were
awarded to Estabrook & Co., and
bonds amounting to
R. L. Day &
Co., both of Boston,
as Is, at a price of 100.34,
basis of about 0.96%:
* F,'F < ,s
jointly,
a
$110,000 sewer construction bonds.
7
Due May 1, as follows: $6,?
k
000 in 1947 to 1960, $5,000 in
■;
1961 to 1964, and $3,000 : in [
.
,
-
Michigan
thorized
itation
an
valuation
in tax
increase
for
the
lim-r
years
1948
the unquali¬
opinion of' the purchaser's
attorney approving the legality of
the
bonds.
The
cost
of such
fied
opinion shall be paid by the pur¬
chaser.
The purchaser shall pay
the cost of printing the bonds.
The bonds shall be awarded to
the bidder whose bid produces
the
lowest interest, cost to the
deducting the pre¬
mium offered, if ■ any.
In deter¬
mining the net interest cost, in¬
terest on premium will not be
considered as deductible and in¬
District after
be received until 8 p.m. on
and
234s, therefater. to
Interest A-O.
ma-
"
•"
Choctaw
,,
j:'
jointly
Paine.
■
Webber, Jackson
&;Curtis, and
'
check
fied
,
.
highest bidder was H.
V. Sattley & Co., and Paine, Web¬
son:,
!\
lower; .& Weeks,
'W-664
,
>
V
v-if
MICHIGAN
•'>■
>;V Carson City, Mich.
*
Falls), Minn..
tion
bonds
lows:. for $16,000
-
These
will. be
bonds
able
property
sary
taxes
the
all the tax¬
therein such ad
upon
as
may
be
neces¬
to pay the bonds and the
in¬
terest thereon, without limitation
as to rate or amount.
Bonds will
be
awarded to the
V
Co., De¬
bidder whose
No.
1
(P. Oi
Owatonna), Minn.
.
Bond
<
;t
H
.
Sale—The building bonds
amounting to $800,000 and offered
sale on April 18—v. 163, p,
awarded to a syndi¬
for
2061—were
composed of the First Na¬
Bank, of Chicago, Halsey,
&
Co.,
Paine, Webber,
Jackson & Curtis, of Chicago,, and
cate
tional
Stuart
the Milwaukee Co.,
as
of Milwaukee,
100.086, a
1.10s, at a price of
basis
of
about
Dated
"1.092%,.,
ducting the premium offered, if
any.
Interest on premium Will
1, from 1948 to 1970.
not
and
be
considered
interest
on
as
will
Bidder
be
computed from May 1, 1946, to
the maturity date of each bond.
No proposal for less than all the
'
.
Other bidders were as
deductible,
bonds
maturing $4,000
{Sept. 1, 1947 to 1950 as l%s, $8,000 bonds nor for less than their par
maturing $4,000 Sept. 1, 1951 and value plus accrued interest to
1952 as Is, and $14,000 maturing date of delivery will be consid¬
Sept. 1, $4,000 in 1953 and 1954, ered, The right is reserved to re-
District
Independent School
to $38,000
April 22—
awarded to
v.
163, 2206—were
Paine, Webber, Jackson & Curtis,
,of Chicago, at a price of 100.04, a
net interest cost of 0.90%, as fol¬
;
Steele County
April 1, 1946. Denomination $1,000. These bonds are due on Jan.
on
&'Trauernicht, of St. Louis.
bonds
offered
are
on
the stipula¬
will pay,
counsel in the|
amount of 1% of the issue, the
fee of the above mentioned law
the purchaser
tion that
of special
the fee
.
■'
firm,
the
,
cost, of preparing the
and, if no objections];
in the validation prq-/,
blank bonds,
filed
are
ceedlngs,, the fee
Bond Attorney and
of the State's!
the coUrt
1
as
follows:- $5,000
in 1951
and
1952;$10,000,'" 1953 fo 1959, and
$15,000 in I960.
The entire issue
will bear 1 xk % /interest to Oct.l,
1956,, and 1 %-• thereafter ;
turity.
the purchaser. Enclose a certified;)
check for $1,500, payable to the]
Board of Supervisors.
./
to , ma
V,'
-
,
•
-
Jackson, Miss.
.
:
Harriman
;
;
Ripley & Co.,
M.
V
:-Y:.
Inc.,
J.
follows;
Price Bid
r
Dain
&
Co.,
.
Allison-Williams Co:*
Xalman & Co.,
r
; r
Northwestern National
Bank, Minneapolis, v
-
;
/
•>-
MISSOURI
F
;
-
Dunklin County (P. O.
;.F"-; V:.;;.-
•
Bond
Electioh--A proposed $3r500,000 bond issue,/the proceeds
>
I
I
f
Kennett), Mo. •,/
Details
The
$350,00(|^
public hospital bonds awarded or|J|
April 15 to the City National Bank;!
to be used to finance a six-point
& Tr. Co., of Kansas City—v. i6S|j|
development .jand
improvement p. 2207—were sold as 134s:, at C
program, wil£b£ submitted to the
price'of 100.525, al>asis of 1.133 %[{|
voters of this -city at a special
Dated April 1, 1946. Denominatioi/i
election >on Mary 14. Contemplat¬
$1,000. These" bonds are due or>|]
ing.a 134% interest rate and a 20April 1, from 1947 to 1966.]
JF
year retirement schedule, Mayor
Leland Speed and Commisisoners
St. Charles County Consolidated
7 ; Sch. Dist. No. 2 (P. O.
D. B. Sharron and R. S. Withers
announced that the bonds'/- if ap¬
St. Charles)$ Mo.
Bonds
Sold — The
1% % anc^j.
proved, will'be sold immediately
while the market is at ' its I peak. 2%% construction bqhdS amount^1
The proceeds -will be placed in ing to $66,000 were sold recently;
o*
Government bonds .until needed.
to the Municipal Bond
.
The
will
.
cost^
bonds.!'
Miss.
Bond Sale-Details^-It is now Delivery of the bonds will
stated by T... C. Fox, City Clerk, made to the purchaser on or be¬
fore Jur>e 1st,. 1946, in Jackson,;1
that the $95,000 bonds sold to Har¬
rington & Co. of Jackson—V. 163, Miss., New Orleans, La.* oh Mem-|i
phis, Tenn^ .without cost to the>|
p. 2061—are being issued for re¬
Delivery
els^wher^i:
funding purpose's. They were pur¬ purchaser.
chased at par and mature on April will be inade at vthA e^jpense prl
incurred in validating the
C larks dole,
•
proposal produces the lowest in¬
terest cost to the District after de¬
amounting
and offered for sale
^
Bond
optional $1,000 May 1, 1949 and
1950. Principal and interest pay¬
troit.
■'% i;bonds.
May 21.
on
obliga¬
Bond Sale—The general
t
>
reject !|
all bids, and then to sell t)
bonds at private sale within 60,
or
bopds are offered subject to valid-fa
ation and to approval by Charles »j
$50,00,0 2%%
ber, Jackson & Curtis^ jointly.. K
tional
valorem
.
i
maturing in 1953 are op¬
$1,000 May 1, 1951 and 1952,
and .bonds maturing in. 1954 are
Bonds
general obligation of the District
which is authorized and required
;
man),'Miss.
'
*
bid. F The Board of Super-;;
days, at a price of not less thanlj
the
highest bid
received.? Thej[
(P. O. Acker* ?
Walton^IIamp J ones Co., of Jack?
next
of the bonds,
for 2%
—101.167 by law to levy
.
the
road; improvement
.'Fo•:;'.
7,500 3% hospital bonds." r ; ,
MINNESOTA
terest op bonds will be computed
Dated March^l, 1946.-' Legality
from April 1,. 1946, to respective
Chicago County Consolidated $ch* approved by "Charles & Trauer-o
maturity dates.
Enclose a certir
Dist. No. 1 (P. O. Taylor $
nicjit, of St, Louis.
;\
V
able at the Detroit Trust
,
any
bid. r,
Bonds Purchased—The follow¬
ing bonds amounting to $57,500
were
purchased recently by the
These bonds were authorized at
the election held on March 20.
The
County
"
—
Corp.,' F'vC,
Co., and}'
;
Kidder, Peabody & Co., vr" '
accampany
iess the premium specified,'
visors reserves the right to
2^|SK;?:MI8SlsS
maturing $5,000
Oct. 1, 1960 and 1961, callable
Oct. 1, 1949, as 13^ s,: to call
date, and 234 s, thereafter to
maturity, Interest A-O. I
$10,000
•
F. S. Moseley &
issue,
'
-
#i; Lee" Higginson
in the
U' Oct. 1, $4,000 in 1947 to 1956, Treasprerr must
$5,000 in 1957 to 1959, as 134s,
—
/F-F'; Boston,
highest upon the basis of the total j
interest-cost over the life of. the ^
own
..
;
Halsey, Stuart & Co.,
100.217
Bank,
I
Boston
100.00
;&v'>V For 114% Bonds
F-F First National Bank,
* 7
July
legal Opinion. A $1,000 cer¬
tified check, payable to the Town
65,000 special assessment bbnds
:. i). at a price of 100.02, a net interest cost of 1.496%, as follows:
For
$55,000 maturing
and
are> re¬
1, 1947 to 1961, inclusive. Bidders
to name the rate pf interest.
Purchaser to furnish and pay for
are
7F 1965 and 1966. ,,
J ,
1 j payable to the District Treasurer.
Bond
F 42,000 water bonds. Due May l, j
Bids
Rejected — A, H,
Oakland Township School District Klassan, Superintendent, has an¬
t as follows: $3,000 in 1947 to
nounced that all bids received for
% No. 3 (P. O. R. No. 2,
1959, $2,000 in 1960, and $1,Rochester), Mich»4
the building bonds amounting to
000 in 1961.
'
Bond Offerings—Frank J. Voll, $175,000, not exceeding 2% inter¬
yl Dated May 1, 1946. Denomination $1,000. Interest M-N. /Other Director, will receive sealed bids est, were * rejected.
until 9 p.m. (EST) on April 30
F ^bidders were as follows: ;
?
Mower County Independent Sch*■
for the purchase of refunding of
Bidder
Price Bid •
Dist. No. 27 (P. O.
1946 coupon bonds amounting to
|
?*' :
For 1% Bonds
:;
Austin), Minn: $16,000, not exceeding 2% inter¬
Harriman Ripley &
j/
est.^ Dated May 1, 1946. Denom¬
Bond Election-nAn issue of con¬
;'F I Co., Inc., and
/*/]
ination $1,000. Due $2,000 May 1, struction
bonds
amounting
to
~
Robert Hawkins & Co.,
■
'
1947 to 1954.
Rate of interest to $989,000 will be submitted., to the
f ! jointly
100.286
be
in multiples of
34 of 1%. voters at the election to be held
1
FF Second National
May 6,
May 6, 1946. Due $1,000 from
1966. Bidders
to
1962
quested to designate in their bids
the. price they will pay for the
bonds bearing interest at a rate 6r-|
rates likewise to t>e designated in
their bids. It is the intention of
the Board of Supervisors to decide u
which of the bids submitted is the
will
by Harvey Byers', Chairman of the
Board of Supervisors, for the pur¬
P turity.
to
1950, both inclusive, at an election
held on Dec. 11, 1945. Bids shall
be conditioned upon
"
assessed
the
of
2.0%
to
in
Minn.
Bond Offering—Sealed bids
$24,000 maturing $6,000 Oct.
1, 1968 to 1971, callable Oct. chase of $30,000rroad and bridge
1,a1956, as l^s, to call date, bonds. Denomination $1,000. Dated
>
~
and,,'
,
Hiller, District Secre¬
tary, will receive sealed tenders
until 7 p.m. on May 14 for the
purchase of • certificates of in¬
debtedness amounting to $12,000.
1,
Savings
donated
cityv of Jackson and
Hinds; County have been author¬
ized by the State legislature to is¬
sue, subject to voter approval, up
to $700,000 of bonds of. finance,
site. / The
,
Parkr Shaughness# &
Bernard
June
'
has
State
the
? Bank, Chicago,
Schools, District No. 1, Mich.
Tenders Wanted—Bonds Called
payment on
interest
reduced its net outT
standing debt from more than $7,-
$550,000, 1.20s -Av-r——100.10
Township Redford Union
date
will be trebled in the next decade.
The city has
Harris Trust &
■
I
Co./g;
For $250,000, l.lQsi 41id. ,v
/
$320, payable to the District.
Red ford
1951. AAAMich.,
No
^/
Associates,
De¬
at
certified i-rheck
a
mul¬
District
The
»
000,000 to less than $4,000,000 in
jointly,
recent years, it was asserted."
;
For $495,000, 134s," and !>": jF.,/'
^ $305,000,; Is
-J--.^-l00.07 ;; No/ provision i§ made on the
May 14 ballot for a vote on a
First National Bank,
sports stadium project for which
Minneapolis^.
legal opinion and
printing of the bonds will
paid
by the District.
The
in
Detroit.
Co.,
considered.
;
V;
of the
for
S
-
and
The cost of said
to
for less than all the bonds
g
Caldwell, Phillips
Due
tiples of 34 of 1%. Principal and
interest
payable at the Detroit
fff
opinion of Claude H. Stevens of
Berry
&
Stevens, Detroit, ap¬
proving the legality of the bonds.
be
to
,
Piper, Jaffray & Hopwood,
1949
1,
interest
of
Rate
/
FINANCIAti CHRONICLE
any or all bids. Bids shall be
conditioned, upon the unqualified
be
■•'.;■:• F~ '• :'
'0.'/,^F.'Vf'V :
Monday, April 29, 1946
.-';/^vv -v:•'■ IF.- :■
::>.i
/F ,.FF:-:a
.
T
Bond
Township Sch. Dist. No. 2
(P. O. Detroit), Mich.
Bond Offering—Mrs. Margaret
••'••.••,F•:
.'r-.F: F /FiVF ,■
■
"i-/
ject
"
Gratiot
C.
•"'■..'
.:■■'■
Minneapolis,, will, be furnished,
National thorized and required by law to ToledpFpf;^
The
$110,000 general obligation bonds Enclose; a certified check for Denomination $1,000. Due May 1,
levy upon all the taxable prop$6,000; payable to Kenneth S. Mc- as follows: $3,000 in 1947 to 1956,
at a price of 100.03, a net in^
be /ertified as to genperty therein such ad valorem
terest cost of 1.699%,: as fol- Kay^County Treasurer.
$4,000 in; 1957 tp} 1961, and $3f0OO
and
validity
by
the taxes as
at
1946,
1,
May
v*
about
,or
on
the
to
(P. O. Salem), Mass.
Essex County
;•
■
F- '
TT"*
v,.,.
■
and $3>0.00. in 1955. and 1956. as
3As. Interest M-S. Dated April 15,
H.
.
■■ ■ '...'
■■■',F:.
'
' >■:.
THE COMMERCIAL &
2346
I:-
F
mayor"
said a
tax saving
be effected by the program,
since it. will
eliminate the neces¬
sity/for continuing a levy for
permanent improvements. - T h e
buildings1 to be constructed, he
said,, will help pay. for, improve-
mehtsrasthm^ondsmature.
In
-
connection v with
the Bond
[ proposals, ^officials estimated; the.,
.city's present population of 85,000
Alton, at
a
price of par>FDate4|]
Legality approver^
March 1, 1946.
by Charles &
Trauernicht, of St]
Louis.
NEBRASKA - JF47 ]■
District, Neb.
issue o|
construction bonds amounting t
Culbertson School
Bonds Defeated —^ An
$20,000 was defeated at the
tion held oh April 16.
elecff
v
■>rrii7*
<".{•
Volume 163
•
»<■,,
k *
Y*.
5 «•»
• f »\ wii':..!*
'*
a,
Y & ffktT W Kftit «"\
•
"i. '7fV/'r
w.Vi ,M <v». V- lJ**>. %V. t.t &..
^
•
*fcj
r;j.;
<.t
j,
■
J,I.;*,
■
y»t *>
THE commercial & finanCiAl' chronicle
Number 4485
2347
mIMIM
eipal and interest payable at the par and accrued interest will be
In
the event that
Manufacturers hftd Traders Trust entertained.
Caster ^outiiy School District
,
>
75
M>.
(P. O. Merna), NabV
Bonds Defeated
Construction
,$17,COO
bonds
amounting to
defeated at the elec¬
was
tion Held
April 2.
on
tW'
:
i
-.
•
bonds
of
the
City, Will be furnished
purchaser; without cost. 'type and character shall be tax¬
Enclose a certified, check for $3,- able by the terms of any Fed¬
eral
income tax
law, the suc¬
p00, payable to the District.
cessful bidder riiay, at his elec¬
Mamaron'eck, N. Y.~. " ": '
tion, be relieved of his obliga¬
same
the
to
///
HAMPSHIRE
from
holders
New York
:/Y,;
, ,
Halsey,
Co., of Buffalo.
The opinion of prior to the delivery of the bonds
VandeWater, Sykes & Heckler of the income received by private
An Issue of
—
Bidder
City ' Treasurer,
will:
receive
•sealed bids bntil rioon (DST) on
•April 29 for the purchase of tem¬
porary botes- amounting to $200,;
WO. Dated May 1, 1946.' Denom¬
ination :$2§,000.
Due' Dec/ • 10, j
4946. •'Issued in- anticipation of ;
been approved by Storey, Thorn'dike, Palmer & Dodge, of Boston.
•■Delivery will be made at the
bfoOve bank for Boston funds.
ft
-•
.
NEW JERSEY
Delaware River Joint Bridge Com
MtsSicn (P. O. Camden), N. J.
Plans Large Refunding issue—
Commission, is
Take 'early action
expected
on
to
program
a
calling for the refinancing of the
$37,000,000.6f currently'outstand¬
ing Philadelphia-Camden bridge
Plans
in
under
1973,
considera¬
Monmouth Couhty (P. O.-
Proctor,
y
County.; Treasurer,
.
sealed
receive
d
.
11
bids until
6%
exceeding
Dated May
the
o n
wil
$35,000 in 1947, $40,000 in'
1949, $45,000 in 1950 to*
1952, $48,000 in 1953, and. $50,000!
In 1954 to 1957- Bidders must;
their proposals the rate!
a single race; I
bear expressed;
(naming
-the borids
are
in
a
j
to
multiple oflA br one-tenth ofi
1%.
i-
:
j
•:
•
iy-r:-'".. "i;V
Teaneck
■
■■■*■■/
•
■
•''■
••«■• >•
'
■-..•
<
Township (P. O. Teaneck),:N. J.:it-) '■
Bond Offering—Henry E. Diehl,'
Cierk,
will
receive!
p.m. (SDT)'
on May, 7 for the purchase of the;
i
Township
(sealed; bids until 8:30
•following <; bonds.
amounting
toi
.Certified
'
bonds.
20,000 series S, paving assessment
• bonds.
check
for
En¬
<
$290,
.
YORK
'Vahcaster,, and Cheektowaga Cottffaunity School District No. 4
TP. O- Lancaster), N. Y.
v
ffend Offering — Edward W.
'
District
sealed
bids
Clerk,
until
will
3.30
re*p.m.
May 6 for the purchase of
building
.cdupori
or
registered
bonds amounting to $150,000, not
exceeding
5%
interest.! Dated
April 15, 1946. Denominations $1,000 and $500.
Due $7,500 April
15,- 1947 to 1966. Rate of interest
to be in multiples of */4 or oneItenth of 1%, and must be the
on
for all of the bonds.
>
/
awarded
737.50
1921—
awarded
Were
Stuart &
Co.,
of
101.066, a
Dated April
to
Halsey,
114s, at
a price
basis of about 1.156%.
as
1, 1946. Denomination
$1,000. These bonds are due on
June
next
1, from 1948 to
highest bidder
Sutherland
price of
&
1970.
The
Ryan,
was
Co., for -114s, at
a
100.56.
Lynchburg School District,
Ohio
Bond Election—An issue of
re¬
modeling - and
repair
bonds
amounting to $107,500 will be subWilted to
the voters at the
tion to be held
Madison
(P.
Sale—The
for
sale
$112,000
cou¬
building bonds
on
April 20—v.
2065—were
p.
elec¬
May 7.
Local Sch. Dist.
Middletown), Ohio
semi-annual
offered
183,
on
Twp.
O.
Bond
pon
awarded
'to
Ryan, Sutherland & Co., Of To¬
ledo, as 114s, at a price of 101.13,
basis
a
2064—were
p.
?
the
to
Community
dustrial': Association
bridge,
at
$500
to/1966.
■
In¬
Cam¬
of
1 Dated: April
par.
Due
1946.
1,
April 1, 1947
on
,
.
.
Columbus, Ohio
of
April 1,
1947
about
1946.
Dated
1.15%.
Due
Dec.
on
1
in
1968.
-to
Runner-up In the
bidding Was Stranahan, Harris &
Co., Inc., offering 101.128 for 114s.
Mansfield City Sch. Dist., Ohio
:%Orid Wering^-John H. Flsaman, District. Clerk, wili receive
scaled bids uritil noon on May 9
for 'the
purchase Of 2%
building
unlimited tax bonds amounting to
$100;000. Dated June I, 1946; DuO
$5,*000 Oct. 1, 1947 to 1966. Bid¬
ders may bid far a different rate
of interest in
multiple af 14 of
a
1%./ The approving opinion of
Squire, Sanders & Dempsey, af
Cleveland, will be furnished. En-
.
Prin-
.
,
-
1
'
.
(
.
-
;
: NORTW
■■
■
Wahpelcn, N. Z).'
Maerfe 'Ctrdnty TP-
G,
-
;
Carthhge), N. C.
s
Bond Offering
1
W. B. "Easter-
ling, Secretary of the Local Gov¬
ernment
sealed bids until 11
rates in
multiples of 14 of 1 %
Bond
fnay name more than two
each
and
bid
each
must
terest. VEnclose
The
purchase
the
limited
bonds
offered
17—v.
163,
ty, such cost to be 'determined by
deducting the total amount of the
premium bid -from the Aggregate
the
of
borids
maturities.
interest
uritil
No
ripon all of
their -respective
bid
of
tax
of
the
less
than
the
ed
library
p.
construction
on
April
1778—were award¬
for
sale
to
Hayden, Miller & Co., of
Cleveland, as Is, at a price of
100.38, a "basis of about 0.96%.
Dated April 1, 1946.
Denomina¬
tion $1,000.
on
These bonds
are
Oct. 1, from 1947 to 1967.
successful bids were listed
lows:
multiple of 14 of 1%. Proceedings
have been taken under the super¬
vision
of
Squire,
Sanders
&
Dempsey, of Cleveland, whose
Offering—Myron A. West, opinion may be obtained by the
District Clerk, will receive sealed
purchaser at his expense. Enclose
bids until 8 p.m. on May 20 for a certified check for $2,500, pay¬
able to the Village.
the ,f purchase - of '.2%
building
bonds
amounting / to
"$150,000.
Ohio (State of)
Elated June 1, 1946.: Denomina¬
Bond
Prices
Decline
J.
A.
tion $1,000.
Due Dec: 1, as fol¬
White & Co., of Cincinnati, re¬
lows: $6,000 in 1947 to 1950, and
ported on April 24 as follows:
$7,000 in 1951 to 1968.
Bidders
Persistent Weakness in the Trea¬
may bid for a different rate -of in¬
terest in a multiple of 14 of 1%. sury bond market finally caused
bids to be reduced in the Ohio
Principal and interest payable at
the First National Bank of Salem. municipal market this week. Our
—
,
These
the
the bonds authorized at
are
November
Enclose
election. in
1944.
certified check for $1,-
a
500, payable to the District*
Hamilton, Ohio
indices
of
the
market
are
lower
Ohio
today. /The, lridex for
the 20 Ohio bonds
*,
for
bonds is based upon the bid side
of the market and all such indicAs
a
yield of
standi/today at
1.16%, compared with
following 1.12% a week agOj and the indices
$158,000, of¬ for 10 high grade bonds and for
on April 22—v.
163, 10 lower grade bonds stand today
at 1.02% and 1.30%/respectively,
p. 1921-vwere awarded to Halsey,
Stuart & Co., as 114s, at a
price compared with .98% and 1.25% a
Bond
Sale
—
The
aggregating
fered for sale
OHIO
be
at
to
35.00
Bond
bonds
'
offering
bonds
payable
,47.14
Township Local Sch. Dist.
(P. O. Damascus), X)hio
check
Ashland City Sch. Dist., Ohio
Bond
Sale—The
$125,000 un¬
ra:tes,
lowest, interest cost, to the Coun¬
amount
bid;
will
the' bidder
to
of
2%
bonds
bonds
certified
A
1%
1%
Gcshen
.
specify in
amount, of
rate.
awarded
to
bidder
the
Offering-^H. T.
Hintgen,
City Auditor, will receive sealed
and oral bids until 8 p.m. on May
16
for the purchased of
airport
bonds amounting to $25,000, not
exceeding
3%
interest'. ' Dated
June 1, 1946. Due $1,500 in 1947,
$1,000 in 1948, $1,500 in 1949, $l,w
400C in 1950, $1,500 in 1951, $1,000
in 1952, $1,500 in 1953, $1,000 in
1954,: $1,500 in 1955, $1,000 in
1956, $1,500 in 1957, $1,000 in 1958
$1,500 in 1959, $1,000 in 1960, $1,500 in 1961, $1,000 in T962, $1,500 in 1963, $1,000 in 1964, $1,500
in 1965, and $1,000 in 1966. Prin¬
cipal and interest payable at the
City Treasurer's office. No bids
jfor less than par and accrued in¬
Each bid\ may namei one rate, for for
part of. the bondsi; (having the!
earliest maturities) ,and Another
rate for:.the balance,?, but no bid
his
Asselfc Kreiirte? & Company
Seasongood & Mayer_,„»^_
NORTH DAKOTA
-
CAROLINA
*
or
NEW
;
,
.
same
VA%
—
(Bate of interest to be in multiples ligations; unlimited
tax; register-of % or one-twentieth of 1%; and able
as to principal only; delivery
Imust be the same for all- Of the at
place of purchaser's choice.;
bonds. Principal and interest pay¬
Principal and interest payable in
able at the Bergen County Na¬ New York
City,; Bidders are re¬
tional Bank, Hackensack.
quested to name the interest rate
ceive
Mansfield,
Islands
-
Werick,
*
2,041.00
,
Bond
Commission, will receive
a.m. on April
30, at his office in Raleigh, for the
60,000 b u i 1 d i ri'g improvement:
purchase of school coupon bonds
;...
bonds.' >;v
amounting
to y $29,000.
Dated
Dated May 1, 1946. Denomina¬
March 1, 1946. Denomination $1,tion $1,000. Due May T, as fol-l 000. Due.Mar.
1, as follows: $2,000
-lows: $11;000 in 1947," $15,000 in; in 1948 to
1952, $4,000 in T953, and
4948 to 1955, and $6,000 in 1956.:
$5,000 in 1954 to 1956. General ob¬
:
r
VA%
....
Trust
Company,
Ohio
Bond Sale—The building bonds
amounting to $318,000 and offered
for sale on April 23—v. 163, p.
—
est:<
$57,000 general improvement
^
2,289.00
a
certified check for $1,Bond Sale
The parks, play¬ •clase
Bridge Author¬ 100.20,' a basis bf -^out 1.24%:
ity (P. D, Wateftown), N. Y.Ad $26,000 general bonds. Due May grounds,
recreational buildings, 000, payable to the Board of Edu¬
Bona Refunding Atrthorifced—
facilities and equipment fund No. cation. •./•*
1, from 1969 to 1973.
7 bonds -offered for sale on April
Governor
Dewey has signed a
114,000 school borids. Due May
Mogadore, Ohio
19—v. 163, p. 1921—were awarded
bill as Chapter 738, Laws of 1946,
1, from 1969 tb. 1973. ^
Bond Election—An issue of fire
to the Provident Savings Bank &
,0 amcnd the public authorities
Dated May 1, 1945. Denomina¬
truck
arid
| equipment / bonds
Trust Co., of Cincinnati, as Is, at
|aW; in relation to authorizing the tion
$1,000. The next highest bid¬ a
amounting to $10,000 will be sub¬
^toding of (certain Outstanding der was
price of 100.96, a basis of about mitted to the Voters at the
Stranahanj Harris & Co.,
primary
0.83%. Dated May 16, 1946. De¬
yon(js 0f the Authority:
"
election to be held on May 7. ; /
Inc., for $30,000 l^s, and $120,- nomination
!
$1,000. These bonds
000
Woodstock, N. Y.
iy4s, at a price of 100.07. are due on Nov.
1, from 1947 to
Bond
Sale
The
Napoleon, Ohio
highway Other bidders were as follows:
1956.
The
next
highest bidder
Bond Offering—• Village Clerk,
equipment of 1946 bonds amount¬
Bidder, '
Price Bid was Halsey, Stuart & Co., for Is,
will receive sealed bids until noon
V
ing, to $14,500 and Offered for Sale
R. S IMckspri & Co.,
at.a price ojErlOp.Ull.
.
t
on .April
on
23
163, p. 2207 — First
May 11 for the purchase of
pf Michigan Corp.,
/ The following is a complete list '2%
Were
awarded
to
the
Marine
hospital bonds amounting to
and
of the bids received for the above
Trust Co., of Buffalo, »as: Is, -at a
$250,000. Dated April;!, 1946. De¬
MercantilerCommerce
bonds:
1
nomination
price of 100.158, a basis of about
$1/000. : Due
$5,000
Bank & Trust Co.,
Int.
1
Pre-'
=0.94%. Dated March 1, 1946. De¬
Abrit and Oct. 1, 4947 to 1949 and
St. Louis, jointly
Bidder '
Rate
iftium
'
nomination $1,000, orie for $500;f
$5,000 April and $6,000 Oct. 1,1950
Provldetit Savings Batik
For $70,000, 1 M>s, ahd
These bonds are 'due on March 1,.
& Trust.'Co
CJ
.1%
^558.54 to 1969. Subject to call at par on
$80,000, Ty4s
—100.014 Halsey, Stiiart & 'Co., Inc.i, 1%
528.38
from 1947 to 1951. The next high-i
any interest navirierit date on or /Zl
J.
A.
White .A Company
Halsey, Stuart & Co.,
\%
409.00
after Oct. 1, 1957- Bidders may bid :
est. bidder Was Tilney •&; Co., for
;
Ryan, Sutherland & Co.i^__
1%
383.00
;
For $150,000, iy2e—^a_100.24
The Ohio Company.____j—
for a different rate of interest in a
1.10s, at a price of 100.103.
1%
880.00
$137,000, riot exceeding 4% inter-,
*
2,350;00
Vkl'/o
Township Local Sch. Dist.
(P. D. Montoe), Ohio
.
1948 arid
in
.....
oifej^
•
a m
lows:
t)f Interest
a
Thousand
.
interest.'
.
purchaser without cost.
close
]^,;i946.-Denomifra-.
Due May 15, as fol-;
Tion SI,000.
State
.
"
water; Sykes & Heckler, of New
York City, will be furnished toi
May 8 for the purchase of gen-
Rot
pur¬
Winston-Salem, N. C. ■
Sale—The following re¬
funding .; bonds
amounting
to
$150,000 and offered for sale on
April 23—v. 163, p.* 2208—were
awarded to Kirchofer & Arnold,
of Raleigh, as iy4s, at a price of
i
The approving Opinion of Vande-
Jral improvement coupon or rcr IstCred bonds amountnig to
$49^r|.
.
'Company
163
[
"' ".
payable to the District.
»r
Bon'f 'Offering— Ha
which is 30 years.
Free
hold), N.J.
,©n
to
&
Company.
Ryan,'Sutherland and
Richland
2,630.00
Company...... 1 V< %
White
yUv
'Coip.( Durham, "arid J. Lee Peeler
& Co., Inc., jointly, for $10,000 6s,
Ca/nbridge, Ohio
nance Law for the purpose of pur¬
-Bond Sale—The $10,000 airport
chasing a new school site, the pe¬ $33,000 13/4s, and $52,000 l^s, at
!a price of par.
riod
of
runWay bonds offered for sale on
probable usefulness : of
funding bonds, and the use of cash
"resources to/supply the balance of
The necessary redemption funds.
1A number of syndicates will un¬
doubtedly participate in bidding
Tor the projected refunding issue
v
Contract
| Lemon
2,937.00
2.692.50
Education Law and-the Local Fi¬
tion call for public award, on or
about May 22,-of $30,000,000 re¬
i
under the
Ohio
A.
an
.
Arid
■subject to redemption-aY/of Aug.
bonds, -'due
'
J.
was
45.001
.
an order of the City
Council, the legality of which has
riext.
tions
...
authority of
1
,
tax
r<!.
1%
'
of
trid
best
f by Stranahan, Harris & Co., Inc.,
| of 101.54 for 11/4$.
;
v
—
The Merchants Na¬
tional Bank of Boston will certify
•that the notes are issued under
2.70%
of
issue
185.00
-
be -accepted.
.
An
1%
-•
anticipation notes amounting to chase the bonds
and, in such case, Ashland Bank &
$50,000 and offered 'for sale on Hie
VA%
200.00
deposit accompanying his bid 'Savings Company
•April 22
v. 163, p. 2207 w* was | will be returned.
The approving
Attica Local Sch. Dist., Ohio
awarded to fhe County Trust Co,,,
opinion of Reed, Hoyt & Wash-,
Bond "Sale—The building bonds
of
White: Plains,' at a
rate of burn, of New York City, will be
amounting to $100,000 and offered
0.49%. Dated April 25, .1946. These furnished.
Enclose
a
certified
for sale on. .April 20—v.
notes are due on April 25, 1947. f
163, p.
j check for $580, -payable t6 the 2064
were
awarded «to
Fox,
State Treasurer.
; /
Niskayuha Corhrriiinity Sch. Dist.
Reusch & Co., of Cincinnati,, as
No. 2 (P. O. R. D. No. 7, Ball\
114 s, at a price of 101.876, a basis
Sanford, N. C.
Voteh fcobtd, Schenectady),
Bond Sale—An issue -of water of about 1.091%. Dated May 1,
VJ'* ■; New York
:■-> \ '/ ■'
bonds amouhting to $95,000 and 1946. Dehbmfnatibri $1(000. ThesA
Bond Offering — J. W. Owens,
offered for sale on April 23—-v. bonds are due on Oct. 1, from
District 'Clerk; will receive sealed
947 to
1970. The next highest
163, p.2208—was awarded to a
bids until Tl a.m. On May 10 for
idder was Ryan, Sutherland &e
syndicate composed of Fox, Reusch
the purchase Of school Site coupon
&
o., for iy4s, at ri price'of 101.567.
Co., of Cincinnati, Hamilton
or registered bonds amounting to
& Co., of Chester, and
Brown-*
.500,1 not exceeding 5% inter¬
exley City School District, Ohio
irig & Co., of Cincinriati, at a price
est. Dated May 1,1946. Denomina¬
Bond OffCring^L. M. Krumm,
of 100:06, a net interest cost of
tion $1,000, one for $500. Due May
District Clerk, will receive sealed
1.49%, as follows: for $10,000 ma¬
1, as follows: $1,000 in 1947 to
bids until 4:30
p.m.
(EST) on
turing $2,000 April 1,1949 to 1953
1960, arid $500 in 1961.
Rate Of
May 2 for the purchase of build¬
as
5s, $25,000 maturing April 1,
interest to be in multiples of '14
ing bonds amounting to $60,000.
$2,000 in 1954 "td 1958, $3,000 1h*
or one-tenth of 1%, and must be
Dated June 1, 1946.
Denomina¬
1959 to 1963 as 2%s, and $60,000
All: bf the bonds.
tion $1,000.
These bonds are due
iriaturirig April 1, $4,000 in 1964
Principal and interest payable at
$3,000 June and Dec. 1, 1947 to
to
1968, and $5,000 in 1969 to
the Schenectady Trust Co., Schen¬
1956. Bidders may bid for. a 'dif¬
1976 as iy4's. Interest A-O. Dated.
ectady.
Said bonds are issued
ferent rate of interest in a mul¬
These borids are due on April -1,
pursuant to the Constitution and
tiple of % of 1%
Enclose 'A cer¬
from 1949 to 1976. The next high¬
statutes
fof
the
State
of New
tified check for $600, payable to
est bidder was the First Securities
York) including ariiorig others; "the
the Board of Edridatibn.,
taxes for the year 1946. Payable |
at the Merchants National Bank,
tof Boston. No telephone fold will;
•
-/
Sale
Co,—
Ashland, Ohio
VU%
Braun, Bosworth & Co... l»/4%
VOX, Reusch & Company.- 1 V4%
.
Note
&
arid
Company
"
vKeene, N. H. '*■:/'• • V%/
Note Offerfng-^Harry A. Page,
'
Stuart
First National Bapk
The
Second
Iftt.-Rtite Premium;
Etranahan-Harrris
as
due
Un¬
"fol¬
of
101.77,
a
basis of about 1.05%:
week ago.
$52,000 playground and recreation
center
improvement,
Series
Due bn
Sept.
1
from 1947 to 1966; optional on
or after
Sept. 1, 1957. •
A
bonds.
106,000
sanitary
posal
sewer
and
dis¬
plant bonds, Series A.
Due on Sept. 1 from 1947 to
1971; optional on or after
Sept. 1, 1957.
South
Tenders
Askue,
Euclid,
Wanted
City
Ohio
—
Auditor,
Lester
will
/
L.
re¬
ceive sealed tenders until noon on
May 9 for the purchase of refund¬
ing bonds dated July 1, 1938.
These bonds. Will mature July 1,
1968.
The amount
able for the
on
hand avail¬
purchase -is approxi¬
mately $40,000.
.
THE COMMERCIAL &
2348
K
Monday, April 29, 1946>
FINANCIAL CHRONICLE
17 for the purchase of building
$1,000,000
2%
water
revenue awarded to Blair & Co./Inc., at a
bonds amounting to $10,000,000,
j,; bonds. Due March 1/as foK rate of 0.625%, plus a premium of
ally in 1949 to 1970. %////%/./
not exceeding 6% interest. Dated
Altus, Okla.
r
lows: $59,000 in 1959/ $60,000 $52. i Dated May 1, 1946. Denoms.,
15,
1946.
Denomination
Bonds Voted—At a recent elec¬
Wagoner, Okla.
These notes May
in. 1960, $61,000 in 1961, $64,- $100,000 and $75,000.
$1,000. Due May 15, as folows:
Bond Sale
The sewage dis¬
tion the voters are said to have
000 in 1962,. $65,000 in 1963, are due on Nov. 1, 1946. The next
$469,000 in 1948, $475,000 in 1949,
approved the issuance of the fol¬ posal plant bonds amounting to :
'
$67,000 ; in 1964, $60,OG(O in highest bidder was the Third Na¬
tional Bank & Trust Co., Scran¬ $481,000 in 1950, $487,000 in 1951,
lowing bonds aggregating $930,- $110,000 and offered for sale on
1965, $71,000 in 1966, $47,000
$493,000 in 1952, $500,000 in 1953,
000: $163,000 sewage system and April 22—v,
163, p. 2209—were ;
in 1967, $49,000 in 1968, $51,- ton, at 0.625%.
$506,000 in 1954, $512,000 in 1955,
disposal improvements; $609,000 awarded to a syndicate composed
:
000 in 1969, $53,000 in 1970,
;
' Swissvale, Pa.
*
$519,000 in 1956, $525,000 in 1957,
power
plant
construction and of the ." First- National Bank &
$55,Q00 in 1971,' $57,000 in
Bond Offering — Charles
E.
$532,000 in 1958, $538,00 in 1959,
equipment; $121,000 water system Trust Co., of Oklahoma City, Evan
.1972, $85,000 in
1973,, and Price, Jr., Borough Secretary, will
$545,000 in 1960, $552,000 in 1961,
and
improvements, and $37,000 L. Davis, of Tulsa, and C. Edgar /.,r $87,000 in
i974./;i^@^:^: v.:; receive sealed bids until 6:45 p.m.' $559,000 in 1962, $566,000 in 1963,
municipal warehouse bondss "
Honnold, of Oklahoma City, as
1,044,000
2 V\ %
water- revenue (EST) on May 1 for the purchase $573,000 in 1964, $580,000 in 1965,
2s. These bonds were approved by
Durant, Okla.
jV;
bonds. Due March 1, as fol- of funding and improvement couj and
$588,000 in 1966. Bidders may
the voters at the election held on
.Bond Offering—Jessie Duncan,
lows: $90,000 in 1975, $92,000
pon bonds amounting to $125,000. bid on said bonds to be issued
v
;
Dated May 1, 1946. Denomina¬ with
Vin 1976, $95,000 in 1977, $96,City Clerk, will receive sealed April 2. The next highest bidder
the V following
provision
was
J. E. Piersol Bond Co., for
bids until 7:30 p.m. on April 30
000 in 1978, $129,000 in 1979,
tion $1,000. Due May 1, as follows: therein for redemption prior to
2.10s.
\
for the purchase of the following
$131,000 in 1980, $134,000 in $12,000 in 1948 to 1952, and $13,000 maturity at the option of the Dis¬
bonds amounting to $638,000:
1981, $137,000 in 1982, and in 1953 to 1957. Bidders to name trict:/"Said School District re¬
/;'■//, OREGON
the rate of interest in a multiple serves the
v:
Hiltsboro, Ore.
$140,000 in 1983.
right to redeem any or
$275,000 sanitary sewer bonds. Due
OKLAHOMA
All
S
.
these
bonds
due
are
seri¬
*
,
—
\t
,,
I
kt
hi
I
,
■
,
'j
•
.
;
:
Bond Sale
The water system
of y4 of 1%, and must be the same
1949 to 1963, and
Monessen, Pa., \»
1964.
/ /,/ bonds amounting to $650,000 and Wc Bond Sale-—The general obliga¬ for all of the bonds. Registerable
Works bonds. Due offerccg^or sale on April 18—-v, tion bonds amounting to $110,000 as to principal only. Principal and
1949 to 1963, and 163, p. 1^921—were awarded to the and offered for sale on April 24— interest payable at the First Na¬
tional Bank, S w i s s v a 1 e . The
First National Bank, of Portland,
; f
$30,000 in 1964.
v.
163, p." 2068—were awarded to
15,500 Fire Apparatus bonds. Due at a net interest cost of 1.4638%. the Mellon National Bank of Pitts¬ Borough will furnish to the pur¬
These bonds were authorized at
chaser the favorable legal opinion
$1,000 in 1949 to 1962, and
burgh, as Is, at a price of 101.127,
the election held on Nov. 30, 1945.
of Burgwin & Churchill, of Pitts¬
$1,500 in 1963.
a
basis of about 0.833%. Dated
burgh. Their opinion will/state,
7,500
Traffic
Signal
System
May 1, 1946. Denomination $1,000.
PENNSYLVANIA
inter alia, that the bonds are valid
bonds. Due $1,000 in 1949 to
These bonds are due $10,000 May
Bloomsburg, Pa.
and binding general obligations of
1954, and $1,500 in 1955.
1, 1948 to 1958. The next highest
Bond Offering—Paul D. Jacobs,
the Borough, payable as to both
10,000
City
Hall bonds. Due
bidder was Fauset, Steele & Co.,
Town
Secretary,
will
receive
principal and interest from ad
;
$1,000 in 1949 to 1958. \ \
for Is, at a prjce of 100.92. \
sealed bids until 7:30 p.m. (DST)
valorem taxes levied upon all the
f The bonds will be awarded to the
on
New Castle, Pa./";v
May 6 for the purchase of
taxable property therein within
bidder offering the lowest rate of
Bond Sale—The $500,000 coupon the tax limits prescribed by law.
funding coupon bonds amounting
interest and agreeing to pay par
to $79,000, not exceeding. 2% in¬ semi-annual general improvement The sale of these bonds is subject
and accrued interest. Enclose a
terest. 1
•
bonds offered for sale on Aprii to the approval of the proceedings
certified
check for 2%
of: the
DiatedApril 15,1946. Denomina¬ 22—v. 163, p, 1922—were awarded by the Department of Internal
amount bid.
;
tion $1,000. Due Oct. 15, as fol¬ to the First ; National Bank of Affairs. Enclose a certified check
Erick Sch. Dist., Okla.
lows: $2,000 in 1948, $5,000 in 1949
}
Lawrence County, of New Castle, for $2,500, papable to
tjie Borough.
Bond Sale-^-The transportation to 1962, and $7,000 in 1963. Regis- as Is, at a price of 100.635, a basis
TENNESSEE
Dated May 1,
equipment - bonds amounting - to terable as to principal only. Rate of about 0.95%.
$10,000 and offered for sale re¬ of interest to be in multiples of ■%. 1946. Due on May 1 in 1947 to
J'
$17,000 in
$20,000 in
330,000 Water
$20,000 in
<
if
■
-—
par on any
City. The next highest bidder was
the First National Bank, Erick, / /
Hollis, Okla.
McFall, City
Bonds Sold—Zana
Clerk, has announced that the fol¬
lowing bonds amounting to $40,000 were sold recently:
■
$7,000 sewer system and
plant bonds.
disposal
.
■
33,000 park improvement bonds.
A
Kremlin
Dist.
Sch.
O.
(P.
Kremlin), Okla.
f V
Bonds Sold—It is stated,by the
Education
Clerk of the Board of
that
$9,000
were
awarded
of
Bank
net
transportation bonds
on
April 20 to the
Drummond,
Okla., at a
interest cost of about 1.08%.
Shawnee, Okla.
Bond Offering— J. C. Coleman,
City Clerk, will receive sealed
bids until April 30 for the pur¬
chase
of, the
following
bonds
;
i,:
\
Bids will be received for
the entire issue at any one rate of
interest but
no
bid combining two
accepted, The bonds and the in¬
terest
thereon will
be payable
without deduction for any tax or
taxes,
except
succession;, or in¬
hereafter
heritance taxes, now or
levied
assessed thereon under
or
present pr future law of the
Commonwealth, all of which taxes
the Town assumes and agrees to
any
pay
Hazleton
'<■
City Authority (P. O.
Hazleton), Pa.
Sold
The following
.
Bonds
—
bonds
(refunding),
aggregating
$2,044,000, were purchased recent¬
ly by a syndicate composed of
E. H. Rollins & Sons, of Philadel¬
phia, Stranahan, Harris &;' Co.,
Inc., of Toledo, John Nuveen &
Co., of Chicago, Otis & Co., of
Cleveland, C. C. Collings & Co., of
Philadelphia,
Stein
Bros.
&
Boyce of Baltimore, Eastman, Dil¬
,
Lynch, Glover & MacGregor, all
100,000 incinerator bonds.
100,000 sewer bonds.
,
&
75,000 airport bonds.
185,000 sewage disposal bonds,
Philadelphia,
of
50,000 Shawnee Creek bonds.
Pittsburgh, Dolphin & Co., of
Fauset,
Steele &
Co., of Pittsburgh, and Stroud &
Co., of Philadelphia:
Bid Rejected—The city
the sole bid submitted for
rejected
the $4,-
ions therein for
to
maturity,
Bond
Sale
—
The funding and
improvement bonds amounting to
$75,000 and offered r for sale on
April 22—v. 163, p. 2210—were
awarded to Schmidt, Poole & Co.,
Philadelphia,
of
of
100.347,
a
txAs, at a price
basis
of
about
as
net cost of
$2,000,000 1.10s, or a
1.174%, was made by a
Smith, Kidder, Peabody & Co.,
Dated May 1, 19£6. De¬
both of New York, Braun, Bosnomination $1,000. >; These bonds
worth & Co., Inc., Otis & Co., of
are due
on May 1, from 1947 to
1971.
The next highest bidder Cleveland, Francis I. duPont &
Co., Geo. B. Gibbons & Co., Inc.,
was Stroud & Co., for iy4s, at a
both of New York, R. S. Dickson
price of 100.259.
&
Co.,
of Charlotte,
First of
Scranton, Pa.
Michigan Corp., of New York,
v Bond Offering—Foster W. NauKebbon, McCormick & Co., of
man,
City Comptroller, will re¬ Chicago, Stern Bros. V& Co., of
ceive sealed bids until 11 a.m. Kansas City, A Webster Dough¬
(EST) on May 8 for the purchase erty
&
Co.,
of
Philadelphia,
of 1, iy4, iy2,-1%, 2, 2%, 21/2, 23/4
Sterne, Agee* $c &each, of Biror 3%, funding and municipal im¬
mingbam, J. C. Bradford & Co., of
provement of 1946 coupon bonds Memphis,
Davidson / & Co., < of
amounting to $220,000.
/ Knoxville, Walter, / Woody &
Scranton School District, Pa.
Heimeydinger, of Cincinnati, and
Note Sale—The temporary gen¬ Crouse, Bennett, Smith & Co., of
'
eral
obligations / amounting ; to Detroit. /
$775,000 and offered for sale on
TEXAS
22—v. 163, p, 2066—were
1416%.
-
-
school
•
Independent School
which
Antonio,
59,800 Shares 6% Cumulative Convertible Preferred Stock
r-.,. ••
59,800 Shares Common Stock
mmm
fL-VviiU
■n-
"A/,
''
/ ' •/
.'*■■■
.
A
•
,
•
,
•.
///
proving/;-:
;
.
Xr
.v,.,
■■
Price $5 Per Unit
; //]/
1 Share Common)
(Unit—1 Share Preferred-
.
L. D. Sherman & Co.
5, N. Y,
AAp'AAA A A
above
par,
at
will purchase
(b) the lowest rate
at which the bidder
purchase said bonds
These
are
at par.
the bonds authorized at
City. Enclose
a cer¬
tified check for 5% of the amount
WEST
VIRGINIA
West Virginia
(P. O. Charleston,
West Virginia
,
Bond Sale
The following
bridge revenue refunding bonds
amounting to $870,000 and offered
for sale recently, were awarded to
Stranahan, Harris & Co., Inc„ of
Toledo/ and Walter, Woody 8s
Heimerdinger, of Cincinatti, joint-
$570,000;' Steubenville
bridge —
V
project No. 6 bonds, as IV2S,
/ at a price of 100,15, a basis of
1.47%.
:
and
Due June 1, $100,000.
1953, and
/ $100,000 in 1954 to 1956. Callin 1952, $170,000 in
-
;
fable on any interest date ori
after June 1, 1953 at a
premium of 2%.
; 300,000
silver ; bridge—P 0 i n t
and
:
Pleasant project No/ 5 bonds,
;;;
/••
at a price of 100.03/ a net in-
terest cost of 1.344%, as folFor $186,000"'maturing
/
,
lows:
-
//? June 1, $32,000 in 1947, $30,/
,
/
,
t
,
Associates/ as fol¬
000
in 1948, $29,000 in 1949,
$36,000 : in 1950, $33,0,00 iri
1951, $26,000 in 1952, as 1V2S,
and $114,000 maturing June
1, $24,000 in 1953, $46,000 in
1954, and $44,000 in 1955, as
1^4s.
Interest J-D.
Callable
.
■
2s. Interest
Enclose
for 2%
of the bonds bid for, pay¬
a
able to the State.
The next
highest bidder was;
John Nuveen & Co.,
M-N.
R. W.
Pressprich & Co.,
Milwaukee Co.,
WASHINGTON
King County Sch. Dist. No.
(P. O. Seattle), Wash.
certified check
bonds.
1970,i $84,000 in 1971, asv l3/4s, arid
$452,000/maturing May 15, $86,000 in 1072, $88,000 in 1973, $90,000 in 1974/$91,000 in 1975, $93,000 in 1976, and $4,000 in 1977, as
Bond
April 26, 1946
any,
bidder
on
any interest date on and
:
after June 1, 1952, at 102. %
$134,00 maturing May 15, $8,000
in 1947, $9,000 in 1948 and 1949,
Principal and interest payable
$11,000 in 1950, $13,000 in 1951 at the office of the State Treas¬
urer or at the National City Bank,
and 1952, $12,000 in 1953, $14,000
inJ.954, $22,000 in 1955, $23,000 in New York City. The bonds can¬
$96, as iy2s, $664,000 maturing not be sold for less than par and
accrued interest to the date of de¬
ay t57$22,000 in 1957, $24,000 in
958, $27,000 in 1959, $28,000 in livery. Delivery will be made in
The purchaser will
1960, $29,000 in 1961, $30,000 in Charleston.
1962, $32,000 in 1963, $34,000 in be furnished with the approving
.1964, $36,000 iri 1965, $38,000 in opinion of Chapman & Cutler, of
1966,/$60,OOQ ; in 1967, $63,000 in Chicago, but will be required to.
1968, $78,000 W 1969, $79,000 in pay the fee for approving, said
30 Pine Street
New York
said
interest
of
will
;
44:
bonds,
said bonds; or
lows;
w
if
premium,
District, Texas
Purchased—An issue of
construction /bonds
amounting to $1,250,000 was pur¬
chased recently by the Columbian
Securities Corp., of Texas, of San
encan
-
said
<
At'
■
for
provision. Bidders are required to
submit bids specifying either (a)
the lowest rate of interest and
syndicate headed by Halsey, Stu¬
art & Co., and including the fol¬
lowing other members: Goldman,
Sachs & Co., of New York, First
Bcston
Corp.,
Dick 8c Merle-
•
V 'Vi
^
: ■■■■
bidders may make
with and without said redemptiori
000 iy4s and
Bonds
/
or
bids
alternative
bonds.l'v;ip^r^.
n^=
•\'r5 w.o:.
provis¬
redemption prior
to be issued without any
Ripley & Co., Inc., a
San Angelo
'
and
bid of 790,000 series AA electric power the /election held on March 12.
refunding revenue bonds offered Principal and interest payable at
the County Treasurer's office or
pril 25—v. 163, p. 2066. The ofRidley Townehip School Distr.
at the fiscal agency of the State
er, a priqp of 100.0548 for $2,790,^
(P. O. Woodlyn), Pa.
in New York
man
different rates of interest will be£ 100.608 for 1%%
amounting to $590,000, authorized
at the election held on April 2:/i: lon &
Co., of New York, Singer,
Deane & Scribner, Moore, Leonard
$80,000 water works bonds.
.
1976, inclusive. Second best offer
was by a group headed by Harri-
on
the date of
issue, by giving 30 days' notice of
such intended redemption by pub¬
lication/ in
the
official
King
County newspaper, and interest on
any bonds so called for redemp¬
tion shall cease on said call date."
Or bidders may bid on said bonds
*
Nashville, Tenn.
of 1%,
issue
after five years from
•
cently, were awarded to the J» E.
Piersol Bond Co., of Oklahoma
,
order
irr inverse numerical
v
out¬
at
interest payment date,
of this
bonds
standing
and
unmatured
the
of
all
1
A. E. Masten &
Co.,
jointly,
Offering—Carroll Carter,
County Treasurer,
will receive
sealed bids until 11 a.m. on
.
Ryan, Sutherland & Co.,
Young, Moore & Co., and
For
.
For
$570,000, l3/4s
$300,000, l%s
|
100.04
——180.021
@FedFRASER