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&
MONDAY
1944
APR 3
\al and.
ommezciai
PWDAMTPT 17
wIlKUiN IwJLIIji
Reg. U.
Volume
New York,
Number 4269
159
General
RAILROAD
Co.—Ruling on Dividend—George M.
Adams Express
Gillies Jr.,
President,
the
paid dividends to its' stock¬
29, 1943, 15 cents per common share, and
Dec. 29, 1943, 35 cents per common share.
"We are in receipt of a letter from the New York State Tax Com¬
mission dated March 16, 1944, reading in part as follows:
'After a full consideration of the data submitted, the Bureau will
hold that
the payments in 1943 were non-taxable in their entirety1.
However, such payments should be applied against and used to reduce
the adjusted basis of the stock in the hands of the stockholders in
accordance with the provision of the New York State Law and Regu¬
lations.' "—V.
159,' p. 1033.
"During
holders
this
1943
year
follows:
as
company
June
.
Great
Alabama
Southern RR.—Earnings—
Net
from
Net
ry,
From
Gross
A. C. Allyn and Co., Inc.; Baker, Weeks & Harden; A. G. Becker
Co., Inc.; Alex. Brown & Sons; Butler, Herrick & Marshall; H. M.
Byllesby and Co., Inc.; Central Republic Co., Inc.; Clark, Dodge & Co.;
Dillon, Read & Co.; Drexel & Co.; Eastman, Dillon & Co.; Emanuel &
Co.; Estabrook & Co.; Farwell, Chapman & Co.; The First Boston Corp.;
First of Michigan Corp.; Glore, Forgan & Co.; Goldman, Sachs & Co.;
Graham, Parsons & Co.; Hallgarten & Co.; Harriman, Ripley & Co.,
Inc.;
Hall & Co., Inc.; Hayden, Miller & Co.; Hemphill, Noyes
Hilliard & Son; Hornblower & Weeks; W. E. Hutton &
Kebbon, McCormick & Co.;- Kidder, Pea-
Harris,
Net
ry.
Nov.
1967.
at
1,
Co.
159,
of
Director
Relations
tive Vice-President
"This
Manager.
General
and
all
York,
trustee,
Silbersack,
Mr.
line
"is in
with our program of
the ad¬
member
phases of operation.
The new departments will integrate
public
relations, and publicity activities of all
The
In
This
Issue
will
Payment
said
move,"
organization which groups the corporation's 25 subsidiaries into six
operating divisions with central service departments to assist them in
Stock and Bond
Quotations
—V.
appointments
new
Roden
W.
resigned
.
1944, for the
series A, due
be made at the
140 Broadway, New York,
mortgage
interest.
New
reorganization of the corporation's advertising and public
department and the appointment ox Wunam xvi. oteuman as
of Advertising and Hal W. Hazelrigg as Director of Public
was announced on March 30 by Walter. F. SUbersack, Execu¬
General
took place following the recent election of
as Vice-President
of the corporation, at which time he
chairmanship of the Advertising Plans Board to devote
full time to the newly-formed Food Division.
Under Mr. Silbersack's supevision Mr. Stedman,
formerly associate
director of the Plans Board, and Mr. Hazelrigg will have full responsi¬
bility for the advertising and public relations activities of the company.
;
929.
p.
and Integrated
Reorganized
Departments
vertising,
redemption on May 1,
3 V\ % bonds,
for
first
and
100%
Trust
Y.—V.
of
Relations
relations
H.
drawn
Corp.—Advertising and Pub¬
American Home Products
lic
Mellon Securities Corp.;
276,931
;
$94,000
Guaranty
N.
been
fund,
Merrill Lynch, Pierce, Fenner
& Beane; The Milwaukee Co.; Mitchum, Tully& Co.; Morgan Stanley
& Co.; F. S. Moseley & Co.; Paine, Webber, Jackson & Curtis; Putnam
& Co.; Reynolds & Co.; Riter & Co.; E. H. Rollins & Sons, Inc.; Chas.
W. Scranton & Co.; Shields & Co.; Smith, Barney & Co.; Stein Bros. &
Boyce; Stone & Webster and Blodget, Inc.;
Spencer Trask & Co.;
Tucker, Anthony & Co.; Union Securities Corp.; G. H. Walker & Co.;
White, Weld & Co.; Whiting, Weeks & Stubbs, Inc.; Tne Wisconsin
Co., and Dean Witter & Co.—V. 159, p. 1241.
Marks & Co.;
332,892
Called—
have
There
sinking
Carl M. Loeb, Rhoades & Co.; Loewi & Co.; Laurence
Lehman Brothers;
395.585
375,791
income—
run
Johnston, Lemon & Co.;
body & Co.; Kuhn, Loeb & Co.
Also W. C. Langley & Co.; Lazard Freres & Co.; Lee Higginson Corp.;
M.
to
companies."
1,599,929
oper.
close to those of a year ago., The demand for
company products is weli above tne cuppiy, ana limited supplies of
solubles will prevent any increase beyond the 1941 base level, he said.
About 20%
of the gum output- is going to the armed forces, and in
addition the company is packing many millions of ten-in-'one rations
for the Army, on a cost basis.—V. 159, p. 1131.
expected
are
466,826
3,659,244
Bonds
B.
28
1,493,048
221,271
railway-
J. J.
March
on
822,552
200,161
railway-:
Co.;
Co.;
held
President, at the annual meeting of stock¬
said that earnings in the-first half of 1944
Blodgett,
H.
Thomas
holders
Co.—Earnings Outlook-
Chicle
American
are:
&
MISCELLANEOUS
-
2,192,153
income—
January 1—
from
INSURANCE
-
3,487,151
1,598,765
805,599
$1,647,125
770,599
from
Net
a^Gopy
$742,291
239,388
161,752
$1,836,350
oper.
Gents
60
$1,088,363
407,741
117,251
railway—
railway-
from
1941
1942
1943
1944
February—
Price
N. Y., Monday, April 3, 1944
INDUSTRIAL
-
"
Gross
Office
&
March 24 said:
on
Pat.
Corporation and Investment News
PUBLIC UTILITY
-
S.
the
159,
p.
1242.
Page
American Airlines, Inc.
Consolidated
Income
1
Calendar Years—
Operating
(& Subs.)—Earnings—
Account
1943
Mail
___
Other
Total
**
(Bonds)
$20,922,773
3,266,825
4,269,831
1,720,036
756,116
482,173
350,008
2,580,562
.
628,15*2
—-——,
Operating
(Stocks)
Stock
1941
1942
4,886,389
——
Express
Stock Exchange
New
$23,356,327 $21,512,980
revenue—passenger—
-
York
Exchange
Alexander M.
foreign
of
—
$31,451,430 $26,982,014 $26,298,778
22,987,011
21,368,632
22,584,294
—
expenses
American Locomotive Co.—New Vice President—
1357
_1368
New York Curb Exchange——,—
1372
Baltimore Stock Exchange
1377
Boston Stock Exchange,-1377
Chicago Stock Exchange—,,—;i,,,,1378
Cincinnati Stock Exchange—-,---;*----'——.1378
New York
Years
Calendar
for
Stock
Cleveland
p.
$5,613,382
83,406
"Total
$8,570,970
$5,696,788
128,001
income
from
Deductions
*
272,919
$3,942,239
173,079
3,500,000
_.
income
Extraordinary
Provision
Prov.
for
Crl, 177,846
2,750,000
1,296,000
Fed.
operations
—
income
transition
for
Net
income
to
——
profit
—
on
Dividends
declared
on
tEarnings
per
♦Excess
of
stock—
212,507
$3,851,714
212,507
$2,473,160
212,506
stock-
862,272
862,272
Sales
share——
$5.18
$6.33
$3,192,969
com.
the
U.
book
over
S.
value
Government.
of flight equipment sold at the
574,848 outstanding shares
Balance
Sheet,
Dec.
Assets-—
hand
on
and
demand
Canadian
$9,362,960
$7,444,278
2,522,492
deposits——
S.
and
U.
S.
tax
5,026,000
♦Accounts
8,702,993
Govt,
anticipation notes-——receivable
;_J_
Inventories
i.
Tl—————_
—
781,299
—_—
and
—_
special funds——.
£Land, buildings and other equipment
Non-operating property and equipment-—
.
Deferred
charges
1,368,545
•„
_____
—
644,801
——-
.
travel
Air
ana
wages.
—__
689,162
Federal
income
taxes———
3,545,442
349,100
salaries
for
Provision
Other
accrued
Other
accrued
Unearned
Paid-in
Earned
preferred stock——
liabilities
53,128
stock
stock
surplus
surplus
peacetime
1,750,000
104,404
5,100,000
5,748,480
1,942,683
7,411,971
operations
revenue—
(100,000
($10
no
par
shares)—,
par)
___
309,355
360,240
—
to
transportation
Preferred
Common
—
taxes
transition
for
Reserve
on
payable
deposits
—
;
_____-
-
,
134,670
5,100,000
5,748,480
1,942,682
5,293,781
reserve
$5,650,939
and
1943
obsolescence
for
and
*Less reserve for
and
depreciation
in
$118,279
of
$6,158,020
of
in 1942.
§Less reserve for depreciation
$1,689,134 in 1942.—V. 189, p. 1241.
doubtful ac¬
1942. - tLess
in
1943
in
Issue—Common Stockholders' Rights—
Be 4%
filed an amendment with the SEC. naming BIyth
other'investment houses as the underwriters of
cumulative convertible preferred stock.
The of¬
fering price to the public was stated to be $100 per share.
Inc.,
Co.,
296,015
of
Holders
subscribe
to
the
and 62
shares of 4%
ratio
of
common
to
The
new
record
March 31
will
have
the convertible, preferred stock at $100 per
share of preferred for each six shares of
the
right
share
in
right3 will expire on April 12,
1954,
and
thereafter
at $50 per
share.
It
is
re¬
in whole or in part at $104 per share.
In addition
to
Blyth & Co., Inc.,
the firms named
underwriters
excess
2,395,000
'
159,100
188,189
$1,082,251
784,434
784.434
$1.05
adjustments___
$1.08
paid
on capital stock
share_______
Assets—'
1387
Rates
Exchange
Banks,,-,—
Reserve
Notes
1'.!
Accts,
i
"/V
,
.
Federal
Reserve
Dec.
accts.
Investment
♦Fixed
1,490,611
11,764
affil.
and
32,280
i____
2,105,311
2,893,539
597,051
300,566
cos
5,228
346,909
rights,
4,060,COO
163,669
& Foundry Co.__
development,
188,189
4,060,000
profits tax
companies
and affil.
Stoci\gf American Machine
1367
200,000
955,828
receiv. not due within one year
subsid.
Patents, patent
goodwill, etc.
1367
1367
Stock and Bond Averages,—
in
$1,839,787
2,320,065
__
—___
,
1942
$2,391,947
;
receivable from subsid.
31
1943
";.
._
receivable
acceptances
Post-war refund of excess
1387
System
_*
hand
on
receivable
Notes and
1388
Condition Statement of Member Banks of
Transactions N. Y. Stock Exchange
and
Inventories
Federal
—
banks
and
398,050*
Crl88,189
$1,048,891
per
Accounts
2,655,921
421,321
Crl59,lC0
profits tax
—1384
163,669
licenses,
1
1,969,221
2,186,629
165,609
assets
Prepaid insurance, taxes, etc._„_______~
Total
122,030
$15,087,373 $13,482,529
Liabilities-
Accounts
payable
and
accrued
^___
liabilities-
$958,141
Provision for Fed., State and other taxes__.
Provision
Alton RR.—Earnings
Net
1943 '
1944
February—
Gross from railway—
Net from railway
1942
1941
$3,052,074
$2,878,636
$1,823,436
$1,365,699
1,129,800
1,214,594
497,689
333,026
493,291
537,855
225,508
5,957,254
5,879,091
3,876,843
Net
from
ry.
—V.
railway-
.
2,507,547
1,114,355
1,161,772
692,036
578,619
tCommon
stock
Earned
surplus
Ltd.—Secondary Offering—Shields & Co.
secondary distribution March 28 and quickly
sold 4,435 shares of
$1.25
6% preferred stock (par $100).
The
priced at 100 V2, with a dealers' concession of
share.—V. 158, p. 2245.
was
a
American Bemberg Corp.—New Vice-President—
Arthur
Vice-President of Pedlar, Ryan &
Lusk, has been elected a Vice-President of the above company and
of the American Rayon Corp.—V. 158, p. 2150.
E.
McElfresh,
formerly
a
American Car & Foundry
The
following
and
to
7,000,000
♦Less
in
3,996,111
4,239,504
..
—$15,087,373 $13,482,529
for depreciation of $2,533,609 in 1943 and $2,285,126
tRepresented by 1,000,000 no par shares.—V. 159, p. 1242.
reserves
1942.
The company on
stock
239,634
346,909
7,000,000
:
$1,039,356
626,840
392,400
239,634
188,189
American Optical Co.—Registers With SEC—
159, p. 929.
as a
2,049,086
254,100
133,963
913,774
income
Aluminium
,
Reserve for special contingencies
for post-war adjustments,
2,814,473
2,144,728
annuities.,
Total
railway-
oper.
retirement
Reserve
From Jan. 1—
from
for
66,623
ry. oper income
Assistant
as
of
Comparative Balance Sheet,
common,
preferred stock will be convertible into common at $40 per
until June 5,
deemable
of
one
The subscription
share
stock
$4,136,221
re¬
—
income
Dividends
Company March 30
&
and
in
offered
Allis-Chalmers Mfg. Co.—Underwriters Named—New
Pref. To
refund
Post-war
and
$2,078,684
taxes
Treasury bonds (at amortized cost)
Net
$33,476,517 $27,991,392
—
_
—_
tRestated for comparative purposes.
counts receivable of
$154,003 in 1943
income
net
U. S.
Gross
Total
profits,
refund—_
Other corporate taxes___;
235,699
subscribers'
declared
Dividends
Accrued
negotiation
2,759,451
plan
balances
$1,689,180
2,030,012
2,702,716
;
-
co.—traffic
521,068
$3,865,212
taxes
Cash
Foreign
$1,209,365
2,289,889
2,704,369
53,127
210,523
payable
airline
Excess
Federal
11,629,577
$3,484,306
651.916
__.
before
—1385
Combined Condition Statement of
Liabilities—•
Other
profit
The Course of Bank Clearings—
$33,476,517 $27,991,392
Accounts
Net
12,358,921
profit
income
Other
Net
Transactions N. Y. Curb Exchange,,
Total
$15,248,360 $14,675,302
454,705
438,580
$3,344,144
expenses
Redemption Calls & Sinking Fund Notices_1385
541,809
2,355,581
2,860,799
26,320
361,575
2,902,060
26,320
equipment
royalties
Dividends Declared and Payable—,
735,000
10,550,940
592,598
575,674
JFlight
Gross
State and City Bond Offerings and
bonds—4,085,866
U.
Investments
and
1942
1943
—
$15,703,065 $15,113,882
Investment News_1345
Sales—1394
General Corporation and
tl942
1943
;
—
Manufacturing cost and
Miscellaneous Features
31
a
„
Provision for post-war
fOn
in charge of
also Executive Vice-President
Canadian subsidiary.—-V. 159,
is
______
Earnings
Consolidated
-
___
Rentals
1383
Markets
stock.
common
Cash
Over-the-Counter
He
Ltd.,
Exchange,,
862,272
$3.93
pfd.
common
of proceeds
of
1,750,000
———
declared
—2—..
•
—
Dividends
direction
taxes--
peace-time
Los Angeles Stock
,
1.
-
•
-
Vice-President
named
been
has
Works,
April
Years Ended Dec. 31—
Exchange———^—,1379
——1379
—,,1379
Philadelphia Stock Exchange
—.1380
Pittsburgh Stock Exchange
1380
St. Louis Stock Exchange
——,—1380
Montreal Stock Exchange,—
,—,—1380
Montreal Curb Exchange,————.
1381
Toronto Stock Exchange———,1381
Toronto Stock Exchange—Curb Section—1382
$3,714,484
227,755
„
1137.
Hamilton
effective
Locomotive
American Machine & Foundry Co.—Earnings—
Detroit Stock Exchange
106,551
5,464,419
Operating profit
Other income
sales,
Montreal
members
of
Vice-President:
Co.—Promotions—
the
sales
Heber
D.
department have been named
Di^telhurst, Howard C. Lunger
Benjamin W. Dodweil.—V. 159, p. 1241.
common
stock
(no
March 25 registered with the SEC 230,000 shares of
Of the total 167,490 shares are to be offered
par).
by the company and 62,510 shares represent shares presently outstand¬
ing and to be sold by 10 vendor trusts.
Harriman Ripley & Co., Inc., and Estabrook
& Co.
head the group
with the names of others to be supplied by amendment.
providing the shareholders of American Optical Co.
(other than the vendor trusts and those shareholders having a bene¬
ficial interest in such trusts) of record on a date to be filed an oppor¬
of underwriters,
Underwriters
are
tunity to purchase shares of this offering on the basis of one share for
three shares held at a price to be named.
each
Net
proceeds
Proceeds
from
will
sale
be
of
used,
in
stock
by
part, as additional working capital.
vendor trusts will go to the selling
stockholders;
President of Subsidiary—
Keywood
controlled
Fox
has
company,
been elected President of Spencer
position unfilled since Burton H.
a
resigned in 1941.—V. 158,
p.
1821.
Lens
Co.,
a
Witherspoon
.
CHRONICLE
THE COMMERCIAL & FINANCIAL
1346
,
profits
and
volume
Sales
tric
and
Co.,
Electric
Virginia),
Inc., (of
predecessor,
Robert
Comparative Consolidated Income Account for Calendar Years
'
1943
t
1941
1942 J;
-
•
___
Federal taxes
Other
taxes
for
Prov.
The
deprec., retire. & deplet...
'6,475,616
851,844
5,335,533
6,180,802
432,519
!
Amer. Mach. United States
<fe Metals, Inc. Gauge Co.
Combined
$4,133,342 $3,351,708 $7,485,050
542,993
235,955
307.038
V
y
(average)—
™™_™<._
Profit
("after
taxes)
'
Operating Income
income..
Non-operating
kwh.
(after taxes).
_
~;v ^^-^^
Sales
taxes V
7,652,095
480,771
in
Interest
Act to
'
■
..
_
American
■
Shares—
of
Corp.—Exchange
Superpower
corporation on March
its
first
$6
their
Co.
11,335 Consolidated Edison and 5,684 American Gas
took down
—V.
159, p. 1242.
shares.
/
American Viscose Corp.—New Directors—
Henry H. Bitler and Dr. Frank H. Reichel have bee/r
,
Bitler
Mr.
is
this corporation.
Reichel
Dr,
burg,
y:'■
■
President~of Sylvania
is
manufacturers
Va,,
elected directors.
and Vinyon production for
.'/V'. .'•/■'•/
Industrial Corp. of Fredericks¬
acetate rayon
of
Manager
cellophane and allied products.—V,
of
/ 851,627
77
American Water Works
with
securities
(less
share__
(at
808,200
1,200,000
$0.72
$0.61
merchandise
(at
cost
less),
or
and
system
accounts
In
about
words,
dollar
making
such
each
of
cents
25
after
of
the Consolidated
accruals for taxes in
1943,
to
dollar
revenues
securities,
common
system
equiva¬
In other
were
revenues.
gross
fuel, materials and supplies, to pro¬
to pay Interest on
provide dividends on preferred and
operating costs, including'-wages,
finally
and
to
stocks.
The net income of the company alone in I943, after preferred divi¬
dends, was $298,330, equivalent to 13 cents per share on the common
stock, which was the same amount per share reported for the year
1942.
,
\
\
'
for the year 1943, before the special
after preferred
dividends, was $1,423,068,
equivalent to 61 cents per share on the common stock, as against 72
cents per share reported on a similar basis for the year 1942.
The accruals for Federal taxes (shown below) reflect reductions in
consolidated
The
reduction
,
of
net
income
and
taxes,
taxes, computed at $1,150,000 for the year 1943 and $808,200 for the
year 1942, which are expected to result from amortization claimed or
to be claimed as a deduction for tax purposes for those years.
The consolidated net income, after the special reduction in taxes
computed for the particular year as mentioned above, and after pre¬
ferred dividends, was $2,573,068 for the year 1943, as against $2,492,198 reported for the year 1942.
—/ —
_L_
The company reduced its bank loan by $1,477,440 in 1943, through
two regular semi-annual amortization
payments aggregating $320,000
and extra payments aggregating $1,157,440.
The balance of such loan
-
outstanding at the end of
This
1943
amounted
made from a group of five New York banks
principal amount of $8,000,000, was a fiveyear loan, maturing May 1, 1944, with interest at the rate of 3% per
in
loan,
in
1939
which
the
pledge
sidiary companies.
In
was
aggregate
amortization payments of $320,000 per year and secured by the
as collateral of certain common and preferred stocks of sub¬
annum,
•
.
the latter part of January,
the
Over
'
of
1944, the company further reduced this
directors
March
"A
recapitalization
"have
given
this
of
a
ry.
collateral, bearing interest at the rate of 2V2% per annum and
maturing on Oct. 25, 1944.
The collateral which was pledged as secur¬
ity for the previous loan has been returned to the company..
'
Comparative Income Account
Calendar Years—
Total earnings
Salaries,
1943
_________________
rents and.other
Federal
income
General
108,000
taxes
taxes.,..
417,460
suitable to present
advisable
by
they
them
directors
financial
interested
and
35,097
not
and
company
to
Other
on
$2,364,807
$2,421,584
630,000
630,000
155,086
interest
Amort,
of debt
Miscellaneous
"They
•
able
This
plans
the financial
several
discount
and
expense
deductions
;
__™_.
income
$1,498,330
$1,501,751
warrant
Sheet
Assets—Securities
open
ity
As
and
of Dec.
notes
%
the
of
subsidiary companies, $56,329,119;
account advances to subsidiary companies, $5,311,942; other secur¬
cash in banks and cn hand, $3,651,304; United
investments, $2;
States
Government
payment of matured
securities—at
cost,
$2,590,000;
cash
in
banks
for
the
from
subsidiary
gold debentures, Series A, due Nov. 1, 1975 $8,000,000; 5% gold debentures. Series B, due Dec.
1, 1975, $3,000,000: notes
payable to banks, $4,698,560: accounts payable, $89,475; matured in¬
terest payable (contra.),
$152,750; taxes accrued, $201,775; interest
accrued, $115,601; dividend declared
$300,000;
other
current
liabilities.
preferred stock payable Jan.
$45,290;
$6
first
oreferred
stock.
of
"The
"
'■
"
company
is free of bank
said
1943,!'
and has been since March
Pendleton,
Mr.
loans
17,
"and it does not appear that we shall
borrow very much, if anything, for some months to come.
"We have sufficient
orders
on
our
books as of today to assure
capacity operations through September, with every indication of addi¬
tional business to continue such operations for the "balance of the year,
"but
whether
shall
we
the
upon
be
able
manpower
to
operate
at
which
"Unfilled orders
$74,700,000
Dec.
as
31,
of
situation,
March
1943.
A
27
will
capacity
may
or
$67,700,000
were
year
ago
3,
1942
$395,234
$243,881
$169,930
172,485
179,194
72,348
43,552
■11,276
29,791
39,025
897,723
803,493
468,816:'
337,959
365,451
119,911
87,424
income—.
61,525
79,395
40,908
22,632
income™"
oper.
27,315
naturally
unfilled
not improve.
compared with
may
as
amounted
orders
to
Co.—Issue Approved—
Jersey Public Utility Commission has
in
of
terms
bids
the
and had
received
.
approved them.—V.
stock,
of 25 cents per share
$1,
par
%
Operating revenues
Operating expenses
railway
$467,141
$406,021
$400,381
4,250,000
Taxes
113,232
72,169
89,954
of
35,416
39,407
55,415
—V.
159,
from
Net
ry.
—V.
916,999
railway___
oper.
159,
p.
833,876
167,745
87,260
718,596
806,453
171,883
232,996
income
931.
116,241
.
Operating
Prop.
revenues
___
v
v
,
excludtaxes__
77,293
102,246
Light Co.—Earnings—
1944—Month—1943
=$1,262,826
(Incl.
V
res.
Rent
oper.
approp.
revenues
lease
for
of
(net)
Net
Interest
^
.
f
.
.
:
,
.
" 6,674,527
5.903,970
259,059
638,747
74,423
875,993
1,226,779
851,851
105.000
214,000
1,458,000
$4,088,773
Net
income
Dividends
applicable
Balance
—V.
159,
1138.
&
Santa
Fe
Ry.)
•
1944—2 Mos.—1943
$39,785,174 $33,591,263 $77,762,192 $69,155,517
44,877,323
35,293,763
22,431 383
17,209,100
expenses
13,118,085
Crll4,183
11,311,976
Drl68,682
24,468,032
credits.
Dr92,188
23,377,427
D*597,080
income.
cper.
$4,349,889
$4,901,505
$8,324,649
$9,887,247
Federal
'.,%/■
7:.,.'77
:'7;.\ .'.77^77 ,>7v7 '.;7 "'7
!
7 .■"■7" ■ 7-;.: 7//:
.7
'//
7. 7 7/ ./-7 . i
Automatic Canteen Co. of America—New Director—
1138.
"7,;\
p.
'
Ching, Director of Industrial and Public Relations of the
Rubber Co., has been elected a director, it is announced
Cyrus S.
United
States
by Nathaniel Leverone, Chairman of the board.
Baltimore
of way
Maint.
of
& struct.
equipment—.
Traffic
,10,196.088
operations
1944—2 Mos.—1943
1944—Month—1943
$28,189,492 $26,677,755 $57,054,406 $53,815,923
7,587,939
5,347,509
3,832,367
2,668,539
10,478,523
12,055,195
5,797,103
5,172,224
754.126
818,098
343,038
454,121
revenues
oper.
Maint.
,,
Ohio RR.—Earnings—
&
Period End. February—
Railway
383,305
548,957
____
expenses
Net
from
rev.
17,449.071
20,760,792
8,502,874
241,588
662,309
688.013
505,746
1,305,510
1,326,489
railway
$7,088,634
3,141,131
3,388,893
6,241,424
rents (net).
367,437
342.336
810.205
(net)
156,923
140,593
314,079
income,
$.1,423,143
$5,104,288
$6,537,123
519,180
459,783
985,494
$3,942,323
$5,564,071
88,071
111,347
tax
facil.
Joint,
Net
S8,976,110 $13,902,831 $17,890,487
accruals,
operations
♦Railway
rents
oper.
ry.
Other income
income
deducts,
Miscell.
6.813,382
852.648
■
296,801
$9,917,656
481,893
avail,
Inc.
"
'
:
$79,841
Net income
121,417
182,388
140,097
$4,157,411
$3,081,946
3,028,253
1,905,168
$99,625
$57,568
to preferred stocks
-
tax
159,
$2,883,623
.
7".
1
Act
•/'
,
$r/25,859
670,359
4,042,000
$872,449
806,487
income taxes
p.
$5,521,457
$2,739,361
.
Railroad Retirement Act
RR. Unemployment Insurance
a/c
$7,367,353 $10,668,697
4,627,992
5,147,240
$5,452,724
2,569,101
accruals include:
Excise tax a/c
Federal
$201,258
T43.69A
$3,854,252
2,324,093
?—
3,110,119
1246.
$2,941,849
1,612
•
(
$1,530,159
charges
charges
230,852
155,264
fixed
Fixed
113,750
$3,975,023"
for
$7,522,617 $10,899,549
from
income
Tax
$1,129,158" $1,176,778
944,041
$185,ill!:
p.
Colorado
Ry.,
profits taxes compared with $9,457,000 in 1943, and
for the two months ended Feb. 29/ 1944,
$20,317,000 Federal income
and excess profits taxes, compared with $19,707,000 in 1943.—V. 159,
$2,941,849
144,251
of
income and excess
1,391,000
$79,841
$243,876
etc._-_
Fe
Santa
^Railway tax accruals for February, 1944, include $11,055,000
;
•
-
1,127,124
28,750
charges,
Ry.—Earnings
1944—Month—1943
_
accruals.
tax
ry.
&
revenues.
oper.
*Railway.
1944—12 Mos.—1943
604,616
$242,264
income
Fe
Gulf,
Ry. and Panhandle & Santa Fe
Topeka
Other debits or
—V.
Gross
Santa
and
.
oper
•Railway
plant
Operating income
Other income (net)
$3,401,591
Period End. Feb. 28—
♦Railway
Net
$2,787,513
Topeka
Atchison,
Railway
$1,754,447 $13,736,040 $12,315,449
$271,014
taxes
ret.
1
200,252
__™<
$1,651,684
174,364
-
81,944
taxes
1,027,384
$1,448,253
.
expenses,
direct
1,020,196
System—
Total
Arkansas Power &
$3,807,709
552,702
1246.
p.
Atchison,
Equipment
railway
$2,204,386
U500.535
income.
oper.
ry.
$4,428,975
$1,948,788
facilities
91,144
56,588
from
$6,704,386 $12,307,709 $13,428,975
4,500,000
8,500,000
9,000,000
—
income
equip. & joint
Operating
■Rent
$360,530
railway..
From January 1—
Gross
$6,198,788
revenues.™
oper.
1943
1944
1943
1944
$13,464,177 $12,689,409 $26,820,091 $25,548,626
7,265,389
5,985,023
14,512,382 12,119,651
_™
1941
1942
income
\
Jan. 1 to Feb. 29—•
Month of Feb.
Period—
General
RR.—Earnings—
1943
oper.
159,"
-
March 24 declared a dividend
on
common
Transportatoin
1944
from
from
Net ry.
351,616
931.
p.
.
Miscell.
Arbor
Ann
i
1941
1943
$442,040
railway™.
•
v
948,617
stock
shares no par), $20,000,000; common, stock
(2,352,950 shares
par), $23,529,500; capital surplus, $560,894; earned surplus of Amer-
(200.000
no
on
RR.—Earnings-
1944.
Atlantic Coast Line RR.—Earnings—
%
interpolated his
from
Liabilities—6%
■.%;
/■•■?',
payable April IT to holders of record
April 7.
A similar distribution was made on April 15, last year, as
compared with 50 cents on April 10, 1942.—V. 158, p. 2463.
on
history
for the company
interest
payable (contra), $152,750; accounts re¬
companies, $262,784; accrued interest and
subsidiary companies, $95,347; other current
assets,
$16,093; unamortized debt discount and expense, $1,397,448;
other deferred charges, $20,097;
total, $69,826,886.
ceivable
dividends receivable
West Point
&
The directors
submitted to
of the
company
both
have to
Other
of
4,446
added.
their reaction to the proposal."
personal opinion that the ideal capi¬
would be an all-common stock setup which,
however, would be difficult to effect with equitable treatment for both
Pendleton
Mr.
Federal
31, 1943 (Company Only)
7,070
and
Net
legal aspects involved.
a report of their findings and have
directors have not yet been
of those submitted by these independent
company
calling a special stockholders'
the
talization
.
Balance
..110,110
;
1035.
p.
Atlantic Coast Fisheries Co.—25-Cent Dividend—
!
meeting in order to get
Oper.
ing
♦Reclassified for purposes cf comparison.
123,911
156,821
159,
price
great deal
However,
any
Period End. February—
Net
379,036
159,
p. 1246.
and
whether
16,454
—...
1,195,620
*
submitted
plans.
would
experts
that
study
exhaustive
decide
to
whole
was
done
experts.
rather
a
have recently
recommended
71,353
14,979
____.™__,
687,592
authorized this com¬
sell 55,000 shares of $100 par cumulative preferred
part the presently outstanding no par $6 cumu¬
lative'preferred stock.
V- !
l ;
The Commission directed the company to invite competitive bids foi;
the new issue and said the sale and delivery of proposed stock must
not be
consummated until the board had been
advised as to the
201,525
66,411
...
debentures
*2,245
766.205
258,328
pany to issue and
stock to refinance
problem to some dis¬
some
few months ago
the
submit
reviewed
only
made
but
Net
Net earnings
Interest
*22,808
"60,904
Atlantic City Electric
of which has been
none
stockholders," he
to the
•
100,000
35,954
_
50,313
35,313
73,954
railway™.
railway
from
ry.
.
Net
445,785
169,496
$333,979
1,222,949
The New
begin with,"
Mr,
Pendelton
continued,
"the
Massachusetts
statute
requires the approval of two-thirds of each class of stock
for
any
recapitalization plan to be put into effect and actually it
would be necessary to obtain a far greater percentage of assents from
the
preferred stockholders—probably 90%
or
even
95%—before - it
would be feasible to put through any plan.
1
/////;
"With
the apparent
difficulties to be overcome,
it was thought
Gross
$2,974,141
!
1941
$342,905:
/■
income___
oper.
Net
"To
February—
*1942
$2,954,545
(net)___
expenses
.
1942
31,448
112,010
railway.,
Net
Net
great many plans have been considered/
thought
(Company Only)
*
—
Ohio.—V. 159,
'V
%*■"' ■■
-Earnings—
income™
from
—V.
-1 v.
28.
Coach
company,
$88,800,000."—V.. 159, p. 834.
refunded
United
From January 1—
' •
r
possible
a
without
$698,560 and
Coast RR.
1943
from
Gross
with the
idea of submitting some suitable plan to the stockholders which would
be
equitable to both classes of stock and which, if adopted, would
eliminate the heavy dividend accumulations on the preferred shares,"
Moses
Pendleton, President, stated at the annual meeting held on
to
depend
by
&
railway.™
railway.'*.
from
Net
Co.—Recapitalization Under Con¬
officers and
the remaining $4,000,000 thereof prior
to maturity, without premium, through the issuance to the same banks
of $4,000,000 principal amount of promissory notes of the company,
loan
Columbus,
' •••■'
$564,639
..♦Deficit^y,
-
debt
Woolen
past year,
thought
classes
to $4,698,560.
at
1<»44
oper.
Net
Electric
sideration—
and repairs and depreciation,
vide for maintenance
senior
its
for taxes, only 75 cents out of each
remained with which to pay necessary
provision
gross
of
coaches
motor
••
oper.
from
Gross
of $466,830),
output of the electric properties of this company for the
ending March 25, 1944 totaled 85,581,000 kwh., an increase of
over the output
of 78,880,700 kwh. for the corresponding week
1943.—V. 159, p. 1246.
of
by
increased
of
$600,149
Atlanta
Output of Electric Properties—
American
consolidated
the
of
revenues
permit. the
Power
1
$5,000,000 and reached the highest level in the system's
All branches of the system's operations contributed to the
to
/V,
February—
stocks of subsidiaries, $90,188,550;
Works
corporation
railway.™
railway______
from
ry.
-
of subsidiaries, $178,318,000; preferred
long-term debt cf American
Co., Inc., $11,000,000; notes payable to
banks, $5,539,560; accounts payable to non-consolidated subsidiaries,
$178,514; accounts payable to others (including payrolls of $443,715);
$1,969,811;
taxes accrued,
$16,927,845;
interest accrued,
$1,968,151;
matured interest payable. $631,348; preferred dividends accrued, $98,158; dividends declared on preferred stocks, payable after Dec. 31, 1943,
$1,309,502; customers
deposits, $1,324,808; long-term debt of-subsid¬
iaries due in 19*4, $16,000; other current and accrued liabilities, $351,792; customers', advances for construction, $1,101,875; deferred credits-,
$330,159; reserves for depreciation, retirements and depletion, $55,.600,313; reserves for property account adjustments, $1,125,133; reserves
for undetermined liability for Federal taxes on income, $1,474,793; re¬
serves for claims and
other purposes, $768,987; contributions in aid of
construction, $2,063,940; premium cn preferred capital stock, $462,939;
minority interest in common stocks and surplus cf subsidiaries, $2,238.4941 $6 first preferred stock (200,000 shares no par), $20,000,000;
common
stock (2,343,105 shares no par), $23,431,050; capital surplus,
$1,347,471; earned surplus, $23,133,473;
total, $442,900,666.
Liabilities—Long-term
Water
fleet
a
frcm
Net
prepaid insurance,
total, $442,900,666.
$2,781,180;
the
Gross from
•
miscellaneous
receivable
accounts
capital
• ■. •
increase, most of which was derived from sales to industrial customers.
lent
GaS
of
it, owns, to sell'1,000 shares of common stock and
cumulative preferred in the Valley Public Service Co,,
v
Net
31, 1913
taxes, etc., $467,926; deferred charges, $12,141,113;
than
history.
the week
for
Associated
increase
From January 1—
operating and construction materials and supplies and ap¬
$5,384,965;
pliance
&
customers
doubtful
for
authorized
operates
Net ry.
cost),
$145,229;
reserves
court
Gross
$3,808,664
;
1,200.000
$1.11
$2,883,997
$2,623,068
1,150,000
1,200,000
subsidiaries,
receivable
159,
Electric Co., Inc.—Annual
&
.
operating
report
the
an
the corporation with a SEC order to
public utility holdings was apnroved March 29
Vincent L. Leibell.
' !
*
"
February—.
$3,808,664
$3,692,198
week
Report—
Gross
of
is
compliance by
Atlanta Birmingham &
17,123
8.49%
more
This
certain
1246.
p.
$14,317,854; cash in banks for pay¬
of matured interest payable (contra.), $631,348; special deposits
trustees and others, $936,422; accounts receivable from non-con¬
ment
■
1242.
special tax adj.___
dividends
solidated
24 reported that holders of 3,688 shares
preferred stock took advantage of its Jan. 23 offer to
holdings for common shares of Consolidated Edison
of New York and American Gas & Electric Co., plus cash.
They
The
exchange
Corp.
output
%: 90,192
>
16,454
■
Consolidated Balance Sheet As of Dec.
Commis¬
.
of
before
♦Earnings per common
Company
exchange agent.
/
\
;
plan calls for the following distribution: One share of common
stock of each of the subsidiaries for each share of preferred stock of
American States and one share of common stock of each of the sub¬
sidiaries
for each six shares of American States common.—V.
158,
/
inc.
Government
The
1437.
831,525
71,353
.
Assets—Property, plant and equipment, $381,691,270; investments and
other assets, $5,849,340; cash in banks and on hand, $18,554,019; U. 3.
contemplates changing the stock capitalization of the com¬
pany's two subsidiaries, Edison Sault Electric Co. and Southern Cali¬
fornia Water Co., in order to increase "the number of such shares
outstanding.
These shares will be transferred to American States
which will then
turn them over to the Baltimore National Bank,
as
785;086
14,979
Special tax adjustment
The plan
p.
<
66,411
♦Net
of
whose stock
Net
Corp.-^Files Plan—:"
voluntary
itself
which
i
+
$3,773,068
-V■
.
company
a
Co., Inc.:
toward
step
Co.,
is a
has filed with the Securities and Exchange
plan under Section 11 (E) of the Holding
affect compliance of the SEC's order of a year ago.
The
sion
kwh.
•
500 shares of 7%
Miscellaneous
y:
President of the United States Gauge Co. since
will continue in his present position.—V. 159,
American States Utilities
$4,767,605
Li—I™'™—
1904,
'
$4,612,031
Works
Water
devices such as are
Place,
inception
Electric
8,466,069
above production of 131,166,552 kwh. a year ago.—V. 159,
Federal Judge
by
13,921,175
Amort, of debt discount & expense
Preferred
930.
14,156,920
$4,639,544
& Electric
1,135,124
Inc.,
Metals,
14,117,304
Balance
25,547,496
*654,253
IBefore renegotiation.
&
Machine
its
to
-
'
divest
The
1,199,229
.
17,895,401
—
renegotiation.
other recording
827,273
23,767,125
7,015,910
552,233
substantial user of gauges
made by the new subsidiary,
in its Trey Laundry Equipment and in
its Riehle Testing Machines
Divisions.
Customers of the United States Gauge Co. include many
already being served by existing divisions of American Machine &
p.
•
Co.—Weekly Output—
&
net electric
139,632,621
was
director
a
1143.
,
Associated Gas & Electric Corp.—Stock Sale Author¬
ized—
;Vf,
V. *
vv:
A
1943—
Metals, Inc.
Josiah W.
or
Gas
elected
p.
1246)
p.
$18,756,848 $18,768,951 $18,688,780
Deducts.—American
American
been
1831,191
521,911
521,585
(subsidiaries)
Deductions
10,751,215
*646,996
™_____™-™-™~-—-/
Profit
and
6.5%
$18,247,040 $17,861,507
$18,235,263
________
income
Gross
.
Sales
Fafter"
group
_™_™_
5942
♦After
Associated
March'24,H1944,
Electric
y
has
^
Sales
Profit
Vice-President,
-
trustees of
ended
™_™
of property account adjusts.
Amort,
„
on
Carroll,
f
*'
1
Associated Gas & Electric
$74,055,745 $68,832,151 $62,866,480
25,011,156
22,496,303
21,242,975
..——I™™..' 4,899,403 ' 4,410,031
4.363,720
income.
11,791,290 ,10,411,550
6/J08,148
-™_'
6,791,173
6,653,906
6,423,406
Operating revenues
Operating expenses
Maintenance
HE.
th'd* late Harrison C. Bracken.—V. 157,
succeed
'
1939-41
Arrow JHart & Hegeman Electric Co.—New Director—
^
Inc.
Co.,
'
;
"a
of both companies compare as follows.
cities.
American
Works
$1,969,101; earned surplus of American Water Works & Elec¬
(of Delaware), $7,163,939; total, $69,826,886.
company,
Mumford, President,
of the recent purchase by this company for cash ot substantially all
the outstanding common stock of the United States Gauge Co,
The latter company, established in 1901, new located in Sellersvilie,
Pa., is reputed to be the largest manufacturer of pressure gauges in
this country, supplying the automotive and aviation industries, as well
as
manufacturers of compressors, pumps,
boilers, welding apparatus
and other industrial equinment.
Its plant provides employment for
about 1,500 workers, and it maintains sales offices in the principal
made cn March 29 by P. G.
was
Water
ican
Inc.—Acquisition—
American Machine & Metals,
Announcement
Monday, ApfHl 3, 1944
$228,101
Bayway Terminal Corp.—Redemption of Bonds—
and
Holders
gage
all
principal
at
registered
bonds due May 1,
redeem
of
these
amount
owners
of 20-year
6%
income second mort¬
1957, are being notified that the company will
outstanding on April 29, 1944, at their
bonds
plus
The National Newark
accrued
&
Essex
interest.
Redemption' will
Banking Co.
of Newark,
be
made
trustee, 744
Immediate payment together with accrued
interest to redemption date may be obtained upon presentation of the
bbnds to the trustee. See also V. 159, p. l246;/ ~"'~ ~
Broad
Street, Newark, N. J.
.
,(Volume 159
Beatrice
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4269
H.
Co.-—To
Creamery
Retire
Bessemer & Lake Erie RR.-
Preferred
1,822
■'Shares—-
has called for redemption as of May 1, 1944, a total
1,822 shares of its outstanding $4.25 cumulative preferred stock at
and dividends. Payments will be made at the Continental Illinois
102 Vz
National Bank & Trust Co., Chicago, 111., or at the Guaranty Trust Co.,
140
Broadway, New York City.—V.
159, p.
1035.
February—
Gross
ry.
railway
railway—___
from
Net
-
From January 1—
Gross
from
Net
from
railway
railway
oper. income—
ry,
Net
ry.
—V.
159,
income—
931.
p.
369,059
294,894
114,042
25,834
V
.
Aircraft
211,838
52,956
1,027,321
739,889
559,016
395,387
102,244
Government
Report—Lawrence
D.
familiar
''Y:'■ Y
such modern and advanced
vv
confidential—and
both of our
Airacobra
our
Production
-
(1)
and
design,
which
iP-39)
and
has
the
new
fought
first
large
on
Federal taxes
so
Other
in
fact,
with
compared
8,839,500
airframe
Prop.
ret.
Amort,
half
been
have
these planes has gone to Russia;
the U. S. plane deliveries to the
of
'
Financial
,
2)
Made
March
the corporation—•
of $232,134,000, an
increase
before
corporation
income
$1,834,574
borrowed
had
$5,000,000
$171,600
$1,851,196
$1,924,390
told
47,277
571,757
603,296
any
$105,776
$124,323
$1,279,439
$1,321,094
423,493
428,585
preferred stocks—...-
—
$855,946
services
the
of
bonds
that
stated
also
which
company,
all
Years Ended Dec. 31—
Net
der
cost
plus fixed
visions for
$2,346,000
8,550,000
and
1942
______
per
share
in
A
Other
—
—
—-
—
other
normal
•Federal
charges——
273,081
$12,005,638
.——
$9,095,525
1,246,840
307,000
7,785,000
Assets
share
_
retirement
credit
company
last
.
has "been negotiated by'this company with
and New York banks, according to an announce--
VT-loan
Reimbursable
fixed fee
and
of excess profits
costs
12,245,288
—_
fees
and
under
cost
plus
——.
—..-if A.
—A-.
for depreciation
and
Accrued
Liabilities—Notes payable to
from empl.
for taxes and
banks,
Reserve
$98,070,364.—V.
159,
p.
546.
Subs.)—Earnings—
1942
1941
1940
$1,543,364
$2,324,188
1,233,281
$2,394,293
839,793
$703,571
$1,090,907
11,705
$1,318,890
$713,408
$1,333,370
97,601
*354,829
$1,102,612
112,731
368,304
$398,862
$248,317
$621,577
$826,555
$0.76
$1.91
$2.54
.
1,075,404
—
income
and
income and excess
$248,448 in 1942.
—v.
159, p.
fro'tn
Net
ry.
on
—_
—
compensation fund———————
Funded and
long-term debt
stock——
Earned
Gross
Net
railway..—
745,492
from
railway
railway
from
income
oper,
"Deficit.—V.
T.
,
B.
...
395,808
Ben
stores
under
»
7,146,407
4,541,230
46,820
243,000
retail
stores
now
Franklin
under
merchandise
Butler
■
■
2,232,971
11,120,495
2,181,339
2,652,092
...
'■
Z)r49,092
'»'«■»■
"
Total
Railway-r-Earnings—
oper.
3,084,117
1943
$3,022,204
2,933,230
Other
$7,170,472
$6,235,497
281;918
284,603
3,421,009
3,087,336
_—_—_
71,483
73,818
780,207
577,190
revenues-
$232,070
$206,975
$2,969,256
$2,570,971
_—
income
3,765
(net)
Gross income
$46,686 def. $88,974
159, p. 931.
for
Prov.
—,—
Federal
income
on
cess
x
costs
Total income deductions
S.
1944—12 Mos.—1943
$565,396
$585,471
rev.
non-utility
Net
1944
$3,037,430
—
'"
1944—Month—1943
revenues—
expenses
v
—
,
was
California Electric Power Co. (& Subs.) —Earnings—
Period—
&
Balance
The retail volume of the
them to obtain all possible
$89,000,000 last yeaf.—V. 159,
September.
which requires
Bros.,
S. Blake has been elected a Vice-President.
He has been
with the Philadelphia office of that company for the pasfc
years.—V. 158, p. 1934.
(net)
—V.
up new franchises for 2,175 locally
Federated stores, of a total of 3,385 such
Sidney
deductions
—
614
14,326
4,321
$235,835
$207,589
107,440
$2,983,582
1,084,637
$2,575,292
46,261
1,307,261
1
taxes
(incl.
ex¬
profits tax)——.
59,670
30,300
668,223
$129,904
$69,849
$1,230,722
.
370,900
Bloomingdale Bros., Inc.—To Pay 22 ^-Cent Dividend
The
the
directors
common
have
declared
dividend
of
22 V2
cents per
sharq on
stock, payable April 25 to holders of record April 15.
A
a
Net
-V.
income
$897,131
159, p. 1036.
Financial Chronicle (Reg. U. S. Patent Office). Williaih B. Dana Company, Publishers, 25 Spruce St., New York 7, N. Y., BEekman 3-3341. Herbert D. Seibert, Editor and Publisher;
William Dana Seibert, President: William D
Riggs, Business Manager. Published twice a week [every Thursday (general news and advertising issue) with a statistical issue on Monday!, Other
offices: 135 S. La Salle St., Chicago 3, m. (Telephone; State 0613), in charge of Fred H. Gray, Western Representative; 1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith. Copyright
1944 by William B. Dana Company.
Reentered as second-clasa.matter.February 25, 1942, at the post office at New York, N. Y., under the Act of March 3, 1879. Subscriptions An United States and
possessions, $26.00 per year; in Dominion of Canada, $27.50 per year; South and Central* America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia,
Australia and Africa, $31.00 per year. NOTE; On account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New, York funds.
The Commercial and
to
were
associated
20
fLess reserve of $60,000 In 1943 and $.90,000 in 1942. tLess reserves
depreciation of $7,499,929 in 1943 and $6,516,638 in 1942.
tRep¬
resented by 1,334,485 no par shares.—V. 159, p. 931.
1
division
(II. M.) Byllesby & Co.—New Vice-President—
134,950
1,156,612
oper.
February—
wholesale
550,000
—.—-
of service—^
the company's
in
last
franchise
from
1144.
p.
and
franchise
utility
cost
*12,2-73
*42,656
7
already signed
had
company
oper.
Month of
.
Southard, Vice-President and director of retail stores, reported
D.
C.
Total
Total
" V
171,459
divisions had decreased 4.6%.
Total
Total receipts
93,472
Chicago—Sales—Expansion—
sales
year
$37,357,908 $37,888,400
Boston Elevated
3,667
*9,775
behind last year for the comparable period, and in the
division were 14.8%
ahead of last year.
Total sales in both
owned
for
fixed
$85,470
running 6.6%
the
11,120,495
2,186,382
———^ 3,788,215
—
227,050
22,988
*4,188
159,308
159, p. 932.
this
17
709,025
——
—
440,152
1941
1942
$104,951
2,313
*10,125
Freeman, President, at the annual meeting! stated, that up
March
$4,010,977
218,378
536,435
60,953
+""m
Total
1943
$219,313
87,643
54,311
531,571
—
—
1944
$243,207
121,680
86,134
420,486
-175,955
110,785
-
incomfi—
oper.
Net -ry.
9,242,500 V
—
surplus
stock
1
profits taxes of $235,048 in 1943
From January 1—
V.-'.
9,244,515
3,000,000
129,971
;"■-——
550,000
183,480
1,476,962
mortgage
first mortgage bonds———
409,214
3.
February—
from railway.:—
5,705,701
328,381
profits taxes
exc.
14,481
-
Gross
Net
8,869,036
'
$3,280,924
496,519
599,643
-——
110,261
$1.28
■"Includes Federal
1942
711,318
8,240,033
455,091
.
and
9,837
on
stock
common
69,523
bonds
allowances——.———
for
tCapital
earned surplus,
company
immediate
$1,542,162
735,549
*407,750
,
profit A-A
Earnings per -share
10,746,188
Reserves
'
stock ($1 par), $394,240; cap. surplus, $4,000,772;
the
finance
$1,527,442
14,720
_—
—
income
7,527,200
12,697,528
:
income
16,848,028
renegotiation of gov. contracts—-
money
Inventive
'
$38,400,000; advances on U.
protect
to
1,077,520
902,898
war
liabilities
Reserve for Fed.
2,667,805
$4.80
contract, $15,000,000; accounts- payable, $12,628,508; ac¬
crued wages, taxes, etc., $8,105,257; provision for 1942 renegotiation
refund, $1,780,000; provision for estimated Federal income and excess
profits taxes, $9,252,208; reserve for contingencies, $3,000,000; com¬
to
Burlington-Rock Island RR.—Earnings—
~
(trade)
salaries, wages and commissions
Purchase
government
used
reservoir
$2,604,961
Net
and
15,325,586
— :
•
'
1,281,262
Accrued taxes (other than Federal)——
713,500
amortization of $1,968,817),
deferred
be
cash
1943
_______
$37,357,908 $37,888,400
———
Other accrued
$2,086,000;
will
a
plants to peacetime manufacturing operations.
has no funded indebtedness and the VT-loan represents
borrowing.—V. 158, p. 2358.
Butler Brothers,
Total
Reserve for
tax (estimated),
Budd,
provide
Income changes
Depreciation & taxes
467,060
1943
in
1943
•
billings on account, Cr
contracts
Inventories
591,360
31, 1943
Dec.
of
Mr.
to
profit
Total
hand-Ai-L——$8,593,595 $11,368,740
on
Interest" accrued
*
said
and
Operating profit
$1.07
Liabilities—
$2,605,276; airplane design rights, drawings and patents, $1;
charges, $2,533,288; total, $98,070,364.
total,
the
only long-term
Other
$1,425,718
; "
securities—-——8,459,379
collections
Advance
$865,000
of
"< ■*
and
Government
Accounts payable
5,509,379
$6.24
funds,
Gross
Sheet, Dec. 31
■
in banks
S.
•Notes and accounts receivable
cost-plus-fixed-fee contracts, $55,897,092; travel advances, principally
for .reimbursable expenses of foreign service representatives, $250,865;
inventories, $5,229,365; cash surrender value of life insurance, $22,398;
$5,509,379;
ol'
..
Expenses
6,180,315
$1,936,798
800,675
$1.45
.
in cash
paid
Consolidated Balance
Cash
Assets—Cash (incl. special deposit to be use exclusively on U. S. Govt,
contract), $7,663,665; cash in tax reserve account, $1,556,067; U. S.
treasury notes, tax series, at cost plus accrued interest, $7,237,303;
•accounts receivable, $12,989,044; expenditures to be reimbursed under
mon
session,"
730,000
——
profits taxes
*After deducting
debt
$686,701 in 1942.
V
renegotiation.
tCharged off prior to 1943 as
contracts, now claimed to be reimbursable under
Balance Sheet,
reserve
President
\»
■
.
3 Mos. End. Dec. 31—
630,722
128,770
730,000
.
profit
Treasury
(less
became
Kaiser
Mr.
Bulova Watch Co. (&
$8,822,444
251,559
surtax
Capital surplus—
assets
Brewster to decide if they want
he said. "The stockholders will
of
the company,"
lead
Y'Y.
.
The company
$11,754,079
—
and
excess
Dividends
reflect
cost-plus-fixed-fee contracts.
post-war refund
nor
by Edward G. Budd, President.
The
4,401,732
1,536,966
1,366,134
—
charges—
Federal
(35,840 shares stated at $16.50
*
Kaiser had
neither he
159, p, 1142.
reconversion
1,380,864
operations
before
Sinking fund
/
to
$7,000,000
ment
46,997,528
—
—
Pennsylvania taxes
1943
Earned surplus, end of year—A-.
Earnings per common share
y;,Y
Mr.
that
11
Budd Wheel Co.—$7,000,000 "VT" Loan—
as of
Of the
4,396,438
1,561,587
.
—
from
Profit
profits
excess
—
to
March
'
Profit
1,669,722
——.—,
fixed price
7.—V.
1142.
P.
first
94,193,691
__f—
of
dated
stockholders
the
to
up
continue
these
$113,295,659 $63,124,804
—
958,000
and $2
share in 1942)————__1——358,300
^Restated
directors.
its board of
letter
a
W. Batchelor, Works Manager of the Mill Division, has been
a
Vice-President, and A. Dean Merwin, Sales Manager of the
Fabricating Division, has been made Assistant Secretary.—V.
159,
the
—
—
Other income
Withheld
costs
in
named
(after pro¬
fee contracts
renegotiation)
Depreciation
30G,OQO'
550,000
——„
income
share)
of
Chairman
Bridgeport Brass Co.—Two Officials Promoted—
1942
1943
3,381,305
per
for
March 24 announced that he was available for
stockholders of this corporation to remain as
on
5,000
and
stockholders
terminated
/
administrative expenses
Selling and
Cr850,000 Crl,088,000
income
Stock dividends
Available
Mead
Account
Income
7,417,039
per
the
re-election.
Oct.
fees and costs reimbursable un¬
sales, 'incl.
Cost of sales
14,340,581
86,998
11,380,000
1,187,039
contingencies.-——_i.__.__..
($1
by
is
to
seek
1,711,583
for
Corp.—Kaiser
against freezing of working capital when war production contracts are
Consolidated
389,685
surtax.^.
dividends
Aeronautical
"Accordingly, the present members of the board of directors, with
two possible exceptions noted below, do not intend to be candidates
for re-election at the next annual meeting * * * and the management
does not intend to solicit proxies for such meetings."
The two exceptions were listed as Zeus Soucek and Preston Lockwood,
Vice-President and' Secretary of the company, added to the
board in February.
They were undecided as to whether they would
post-war
2,462,414
5,159,805
Adj. in respect of renegotiation of 1942 profits Z)r2,492,000
tCredit for expenditures———
2,286,820
.
to
amount
for
outstanding
31, 1942, were called for redemption in June of last year.
Net
Profit for year__.
—____
_______
Previous earned surplus——_—
-
the
tLand, buildings, machinery and equipment.—Deferred charges
——_
taxes
$4,358,149
.
supplying material
others
for
and
Witherow
.
Investments and long-term receivables.———
Gash
$4,598)459
Detroit, Philadelphia
13,950,896
——;—______——
Federal
$2,135,103
*
their meeting on May 17 and I will attend the
In. his letter to the stockholders Mr. Kaiser said:
^
750,000
Total
$2,253,930
J. Kaiser,
the
"It
$892,509
Report—
1,200,000
Additional
$7,955,719
3,597,570
of his associates would be candidates for re-election at the annual
me
1142.
600,000
for
$8,995,073
4,396,614
Stockholders—
President
47,182
.
290,212
;__
—
Additional assessments for prior years——
Provision
1944—2 Mos.—1943
$3,918,123
1,783,020
plans, he said, "The necessity of providing jobs
for the boys returning from war is fully recognized and in this con¬
nection, the management believes that the production of goods is the
*1942
12,499,453
and
lienry
equal to
company's
the
under
12,209,241
L_.
Excess profits tax__
Post-war refund —;
Normal tax
currency)
$4,431,018
2,177,088
—
amort.)
drafting
$152,958
etc.—
______
mortgage
-Dec.
——
________
expense
U. S.
in
1944—Month—1943
159,-p. 1035.
Draft by
11,285
by our armed
services."
Mr.
Account, Years Ended Dec. 31
'Total Income
Interest
.
(bef. depr.
earns,
&
$1,913,105
"16,622
.
U,
*:■
expressed
—
-V.
reports net profit of $1,936,798 for year ended Dec. 31,
$1.45 per share, as compared with $1,425,718 or $1.07
per share in 1942.
Provision for income and excess profits taxes for
the year was $8,822,000, as compared with $7,039,085 in 1942.
Total
taxes paid or provided for in the year amount to $10,166,542, com¬
pared with $8,208,690 for the preceding year,
Billings for 1943 after provision of $3,000,00 for renegotiation of
war contracts amounted to $113,2^5,659 as compared with 1942 billings
of $63,124,804 and with $30,799,560 for 1941, the first year of lull
war time production.
Mr. William P. Witherow,
President, stated: "Company has again
almost doubled its last year's production of materials vitally needed
cost-plus-fixed-fee contracts .232,134,628 121,863,227
I
219,925,387 107,912,331
Operating profit
$1,189,381
$596,244
.
931.
Brewster
1,313
'•■"'■
Other
3,707
$170,287
Earnings per common
Y"
741.810
$517,800
$308,843
—
635,666
3,707
Repairs and maintenance—..
1943
sold
813,996
309
3,292
159, p.
1943,
of
;
Income
Sales & bill, under
67,833;.
309
.
$149,666
taxes
agreement.
Cost of goods
791,967
Blaw-Knox Co.—Annual
a
1944
10,
685,198
819,011
Company
dividend at midyear of $1 per share, and, at the
end of the year, declared a stock dividend of one share
for every
ten shares
held.
This latter step was adopted in the interests of
conserving working capital.
(7) Took steps which permitted the corporation, early in 1944, to
pay off all obligations under
a
$60,000,000 V loan credit and in
place of this do two things—first, go on a Government advance
payment basis for substantially all airplane operations; second, con¬
summate a $10,000,000 VT loan credit agreement with six banks.
As
of
159, p.
Net
6,438,972.
756,207
68,974 *
67,833
income
Balance
-V.
-
Declared
income
pnly real method by which employment can be obtained."
business.
(6)
$1,931,191
728,987
hold
1942.
profit
a
$1,246,787
371,710
meeting.
of $11,312,000, compared with a
figure of $14,253,000 for 1942 after renegotiation.
(3) Showed a net profit
(before provision for contingencies)
of
$3,062,000 after taxes, compared with net profit of $2,911,000 in
1942 after taxes and renegotiation.
(4) Increased its working capital to $5,657,000 at the end of the year.
* (5) Operated under cost-plus-fixed-fee contracts for most of its
<
7,607,614
83,459
71,106
__
Dividends applicable to
high-speed,
gross
over
563,219
73,468
income-;—
Gross
Net
Highlights—During 1943
sales and billings
Had
(1)
$110,271,000
$967,954
365,883
earnings
Operating expenses
1944—12 MoS.—1943
$954,081 $11,835,109 $10,468,615
-
new chapter
undoubtedly
high-altitude aviation.
(6) Further perfected the Bell helicopter.
(7) Expanded its operations by opening the new Burlington (Vt.)
Ordnance
Division,
which
has produced many thousands
of gun
mounts for different types of aircraft and surface craft.
(8) Increased total employment from 30,000 to 46,000 at the end
of the year,
the increase directly reflecting expansion of production
in all divisions.
As of March 10, 1944, the total employment figure is
just over the 50,000 mark.
future of
entire
$1,715,489
215,702
$674,726
Month of Feb.—
(net)—_
Interest charges,
put into production jet-propulsion planes—which open a
in
aviation.
The
development of
jet propulsion will
the
95,286
$1,043,306
203,481
income
Gross
its
enormously complicated task. We are especially
pleased to report, therefore, that all high government officials visiting
-the plant have been unanimous in expressing their satisfaction with
the production job accomplished.
(5) Became the first American company to design,
build, fly and
affect
_____.
57,511
$876,588
91,366
Brazilian Traction, Light & Power Co., Ltd.—Earns.-—
.'fi,
revenues-
Net oper.
an
was
,
671,519
res. approp.
limited-term
of
Other income
P-39's.
Began
production
y
—V.
159,
v
approximately
Union
-YY.'Y;
61,538
$579,440
income-
oper
23,109
Deductions
Net
.
27,714
*
pounds
1942.
production of its new fighter. These planes have lowdrag wings and two stage, supercharged engines which give them
high speed and high altitude performance.
vv's
(4) Started production on schedule at the Bell Bomber Plant in
Georgia, located near Atlanta and Marietta.
The bomber plant is
the
greatest manufacturing facility in the Southeast—in fact, one
of the largest and most modern in the country—and getting it into
13)
products.—V.
.
1944—Month—1943
^___„—
investments
A very substantial number of
Soviet
Yy:Y;
v-::,:.,i;:YY'
$1,033,901
___
taxes
Turned out over 2Vi times as many Airacobras as in the previous
(2)
year.
Y;
civilian
264,005
(Or)
income
Total
During
Divisions,
in
out
and
materials
war
—
was
Highlights-
Georgia
of
Period End. February—
these 12 months the Corporation—
Produced 22,650,000 pounds of airframes in the Niagara Frontier
■■turned
sales
of
ry.
Other
may
Operating revenues
Oper. expenses, exclud¬
ing direct taxes——
mounts, including the new Hydraulic Power Mount.
-
rents
(Earnings
continuing to come off the production lines,
Ordnance Division was turning out many thousands of gun
battlefronts
many
-ancl
propulsion airplane,
The
Net
is now largely engaged in work for
especially Army blankets, John A.
fabrics,
war
1246.
p,
1943, the corporation began the most active and productive
jet
facil.
1944—2 Mos.—1943
$6,543,842 $13,626,924 $13,185,881
4,588,171
10,875,269
9,402,209
752,880
1,135,398
1,476,238
303,094
511,413
534,434
589,569
Equip, rents (Or)
Birmingham Electric Co.—Earnings—
in its history.
•
At year's end, we were manufacturing
aircraft
as
the
new
Bell
fighter—still
bombers.
On
$6,794,792
5,334,064
Taxes
426,018
approach $20,000,000, ho said, which would compare with
sales of approximately
$19,000,000 in the first half of 1943.
Mr.
Sweetser noted that there has been no significant change in the pro¬
1944
'
year
American
*331,116
company
Bell, President, states in part:
On Jan. 1,
*512,505
*94,954
931.
p.
1944—Month—1943
Operating revenues
Operating expenses
1,825,671
441,012
Sweetser, President, on March 27 stated that blanket business now on
the books is expected to maintain present levels of activity through
the first half of this year.
Sales volume for the first six months of
224,-797
44,898
v
1,774,815
*553,726
*472,969
1,874,299
*507,025
Pointing out that the
the
522,483
Corp.—Annual
1,782,405
Carpet Co., Inc.—Sales Hold Up—
portion
Bell
Boston & Maine RR.—Earnings—
255,198
Bigelow-Sanford
-
350,535
railway
oper.
payment wa^, made'on Jan. 25, last.
Dividends paid in 1943
follows;
Jan. 25 and April 24, 20 cents each, and July 24 and
22 V2 cents each.—V. 159, p. 210.
1941
1942
1,610,996
213,321
from
$263,396
2,352,566
1,472,034
railway
$891,422
*340,026
*298,365
*34,828
Jt.
$525,512
«
$887,024
*280,135
*156,910
25,
Period End. Feb.—
•Deficit.—V. 159,
1043 i
$828,123
.
$891,541
as
Oct.
1941
*269,669
from
Gross
Net
Net
1944
$1,245,635
807,675
185,319
1049
From Jan. 1—
Beaumont Sour Lake & Western Ry. —Earnings—
February—
Gross from railway
Net from railway——_
Net ry. oper. income—
were
"
1 Q4.T *
$839,933
*
income—
oper,
similar
-Earnings—
1944
from
Net
* 1
' *
*
■
■
The company
of
1347
'
v
M>rwr
^VUU^LUMW-*
^wu^mcrtrrTii^i,
\
THE COMMERCIAL & FINANCIAL CHRONICLE
134S
Monday, April 3, 1944
Liabilities-—
Cambria & Indiana RR.—Earnings—
1944
$172,510
36,796
from railway——
Net from
1943
$168,588
87,395
37,136
$161,598
72,293
56,383
'
February—
Gross
railway
Net ry. oper,
income
From January
$157,241
93,030
Payrolls
—
increase of
balances—.
4,237,461
Miscellaneous accounts payable
154,810
charges, etc.—-
3,398,302
1,629,973
67,875
149,503
203,667
Unmatured dividends declared.
2,521,391
-
Ry.—-1943
$2,628,451
;/
Annual
Reserves for
Contingent
Reserve
The
Prem.
develop
'The
"that efficient rail
prosecution of the war."
transportation
is
vital
a
force
in
Commons
reestablishment.
and
the post-war internal
Canada, and the instructions to the com¬
plans and schedules of improvements
position to participate fully in that
period of active employment and business expansion which may rea¬
sonably be anticipated to follow upon the termination of hostilities.
The directors believe that it will be wise to plan for a program of
five to ten years which would, in addition to its direct benefit to the
earning power of the property, act as a valuable stimulus to employ¬
commerce
surplus
........V.
and
The
business
Canadian
of
that further steps
were
during the year
taken
for
Calendar
1
$
13,177,312
17,362,960
25,296,788
the
States
financial transactions will result in
$600,000
of
1,
the
interest.
Earnings
for February
and
Months
Two
earnings
Working expenses.
$23,792,692 $20,333,526 $47,728,327 $39,261,446
—
Net
20,753,040
earnings
41,850,162
34,201,423
$3,039,652
....
17,514,158
$2,819,368
$5,878,165
$5,060,023
Earnings for Week Ended March 14.
Traffic
—V.
earnings
159,
$5,945,000
Canadian General Electric Co., Ltd.—Unfiled Orders—
eight
orders
months'
land,
carried
output
over
the
at
3,683,725
3,606,468
4,501,620
4,292,756
10,771,670
9,659,265
7.975,945
7,073,488
31,548,645
-
24,920,980
16,833,158
247,896,224 208,676,402
6,674,052
7,765,866
income
48,187,689
45,957,536
35,639,438
18,270,751
15,861,034
13,382,059
10,692,163
65,482,318
21,795,836
64,048,723
22,955,503
59,339,595
24,228,698
46,331,601
25,380,715
703,764
charges
738,953
749.465
805,830
flnterest payable
revenue
Preference
42,982,718
40,354,267
34,361,432
157,
5,042,391
5,042,782
5,042,782
5,042,782
„
present
current
rate
of
year
equal
were
production,
D.
p. 2038.
C.
to
Dur-
transf.
to
Gross
from
Net
from
ry.
railway
♦Interest
on
guaranteed
afc
bonds
oi
37,939,93^
35,311,485
29,318,650
15,102,274
Income
for
inc.
1942
1941
.
'
$4,620,888
$4,622,559
coastal
7,886,890
.7,485,629
4,961,830
♦After
2,133,530
2,888,278
2,788,297
3,075,910
1,597,479
866,239
1,009.373
627,739
$10,692,163
,
'
1943
Ocean
and
855.795,669
leased prop.
coastal steamships
96,813,831
36,971,006
195,096,630
32,142,105
26,659,459
98,840,778
52,885,105
201,482,592
27,558,577
79,249,142
194,112,303
27,093,673
28,930,934
3,072,202
3,370,894
&
159,
277,400
•58,471 V
*184,625
p.
491,500
*154,918
267,497
99,408
25,045
*63,648
*9M04
y
932.
after
Unsold land and other
props..
20,553,229
13,450,000
216,051
1,110,811
17,021,872
2,906,234
30,079,986
14,096,152
.J—
Insurance prem. paid in adv.
Unamort. discount on bonds,.
Dominion of Canada securities
and
debits..—
supplies
and conductors'
bals,.
Mfscel. accounts receivable
Cash
Total.
Ry.—Earnings—
1944'
from
Net
from
ry.
1942
$612,590
$574,313
130^490
148,570
158,782
;
76,983
49,079
1,490,058
1,304,533
376,720
289,099
183,125
125,867
Vailway
income...
1941
$641,072
175,598
railway
oper.
1943
$730,813 '
railway......
ry. oper. income
From Jan. 1—
Gross
837.
p.
86,600
98,113
1,212,301
1,093,967
264,870
259,642
123,283
125,587
-
.
Champion
The
Paper
19,815,732
43,525,516
,
9,707,129
Ry.—Earnings—
■
Co.—Preferred
27,595,427
21,545,701
21,874,089
7,250,000
222,590
1,615,344
Of¬
Stock
preferred
part
is
papers, and postcard and index
factures various types of board,
stock
brisiol
stock.
also
Company
manu¬
including coated and uncoated cover
cardboards; playing card and file folder stock, and tag board
and
and press board.
The products of the company are used for many
of
printing and lithographing, including advertising displays,
catalogues, magazines, and books; for containers of fluids, and for
kinds
general
industrial
purposes.
Company's mills, located at Hamilton, Ohio; at Canton, N. C., and
Houston, Tex., have an aggregate daily capacity of 960 tons of
bleached pulps and 1,080 tons of coated and bleached uncoated papers
and
boards.
The Canton and Houston
mills
are
integrated units,
manufacturing both pulp and paper, and supply the Hamilton mill,
which
manufactures
pulp.
The
facturers
soda,
only
Canton
of
and
with
almost
mills
paper,
Houston
also
all its
pulp
sell
requirements of
to other manu¬
and paper products.
Various by-produots are also
chestnut extract (used in tanning processes), caustic
paper
produced, such
as
turpentine,
Goldman,
W.
E.
other chemicals.
and certain
Sachs & Co.—
Hutton &
1944—2 Mos.—1943
•"
mtge. bonds,
ret.
^
r
6%
Common
stock
(no
Net
oper.
Other
178,235
1,828,096
1,807,093
125,000
1,500,000
$312,308
$4,160,359
$3,907,717
2,092
860
-17,285
25,764
$352,109
$313,168
$3,933,481
(net)
Gross income
Interest
143,190
134,197
$4,177,644
1,662,449
$208,919
charges
$178,971
$2,515,195
1,$86,947
r~— a, rr
income
Net
-
__
159,
v/$2,346,534
1,232,63$;/
^
Balance
-V.
$1,282,559
1,254,738
$1,091,796
1144.
p.
mvIU
thirds in
May
be
issued
interest
mature;
$275,000
be
used
for
the
Co.
sales
Cost
of
Central Arizona Light & Power Co.- -Earnings—
Other
1944—Month—1943
ret.
Amort,
of
Gross
profit
cellaneous
Total
Sell.,
$502,543
$5,942,271
___
311,457
•
259.693
3,143,172
3,040,228
for
&
$5,418,507
16
12,235
$101,703
$1,128,581
19,881
233,071
$1,057,050
240,153
$81,822
$895,510
108,054
$816,897
$787,456
$708,843
$7,738,192
$8,518,587
$3,986,532
84,799
68,280
82,237
46,955
$7,806,472
$8,600,824
$4,033,488
767,809
3,200,000
810,845
429,836
499,407
3,442,817
tax
4,247,160
49,258
retire¬
re¬
Cr424,217
805,331
1,352*314
136,518
150,715
63,207
7,581
10,061
$1,523,609
$2,532,213
$3,129,986
$2,379,660
'
„
730*518
Minority interest in in¬
of
subsidiaries.
income
Earnings for Periods
Period End. Jan. 30—
(including Subsidiaries)
Jan. 30
1944—10 Wks.—1943
income
♦After
Ended
*$325,387
share__
$0.36
$478,802
$0.64
1944—40 Wks.—1943
f$t,523,609
$2,088,486
$2.02
$3.04
$1,061,325 for taxes based on\&ggme which
includes
affecting the first and second quarters caused
by the Revenue Act of 1943.
tAfter provision of $3,818,366 for taxes
provision
adjustments
a
of
485
$103,292
2,597
$5,694,594
111,524
482,508
264
1,455,073
1,605
602,855
40,750
Other income (net)—
1,665,287
4,215
Cr338,829
41,500
36,802
2,158,226
taxes
Net
$1,056,565
$5,444,203
taxes.™
Earns, per com.
35,522
$10,185,480
$5,779,393
income
income
667,770
$1,116,346
25.696
$9,900,632
notes
fund
411,731
530,257
3,134
10,926
$7,356,223
post-war
722,683
$101,687
$42,258,385 $29,743,122
admin.
debt
442,040
$103,028
Years Ended
'44 Apr. 25, '43 Apr. 26, '42 Apr. 27, '41
3,550
credits
57,962
revenues—
Consolidated Income
1,395
income
39,317
limited-term
of
24,324.615
oner._
income
State
to
18,906
and
from
ment
!"'./•
,
,
added
be
32,083,832
accounts
Profit
will
$9,897,082 $10,174,553
profit
112,077
1,073
:
$2,654,397)
1,642.723
gross
gen.
and
$5,743,353
investments
1947.
at
mis¬
from
for doubtful
Net
$611,274
approp.
1,
instance,
$7,354,828
expenses
Prov.
two-
33,267,345
operations.
42,139
res.
of
tThese notes
$43,164,427
1944—12 Mos.—1943
___
taxes
stock.
27,103,341
Gross prof, from sales
come
Operating„ expenses
Federal taxes
holders
the
$34,458,169
goods sold
Federal
■
-
Succeeding Mr. Eaton in the position of Assistant Treasurer is Virgil
V. Grant, who joined the company in 1936.—V. 159, p. 1247.
revenues
May
on
(estimated
first
Jan. 30,
Net
Credits
Period End. Jan. 31—
of
40 Wks. End.
Income charges
Fed.
excess
profits
.*
consent
but it is anticipated that they
capital expenditures when circumstances permit.
in
Statement
Gross
Treasurer, who leaves to join in a partnership with John
"Caterpillar" distributor for Boston, Mass., and vicinity.
The new partnership will operate under the name of Perkins-Eaton
Machinery Co. and in the same territory as that formerly served by
Perkins
the
cumulative preferred
6%
May 1, 1944; $305,000 on May 1, 1945; $315,000 on
proceeds
Perkins,
I.
without
the
of
on
1946, and $335,000
1,
Purpose—The
Other
Caterpillar Tractor Co.—New Asst. Treasurer—
P.
550,000
addition, company has authorized but unissued 40,000 shares of
convertible preferred
stock (no par).
Company has
agreed that so long as any shares of the 6% cumulative preferred stock
are
outstanding no shares of the $5 cumulative convertible preferred
1,395,000
$350,017
revenues
income
tl.230,000
115,000
756,000
cumulative
will
125,000
approp.
1,230,000
*115,000
:
(shares).
par)
♦In
working capital
164,559
res.
$10,750,000 $10,750,000
1957
promissory notes due May 1, 1944-1947__
cum.
pfd. stock (par $100)
(shares).
v
,ij.
taxes
Prop.
12,754
Authorized Outstand'g
iirst
__
Other
12,753
:
Co.
Capitalization (Giving Effect to Present Financing) >
'
-
.
stock
1944—Month—1943
Net
oper.
.
based
on
income.
Listing of 6% Cumulative Preferred Stock—
Interest
charges
19,006~
9,006,509
26,296,858
36,081,515
The
New
additional
York
shares
Stock
of
-
Exchange has authorized the listing of 25,507
6%
cumulative
preferred
stock
(par
$100),
on
22,990,193
official
Net
income
$84,286
__
Dividends applicable to
preferred stocks
;
Balance
203,866
-V.
159, p. 837.
of
issuance,
Products
Certain-teed
1,1~3~7~445
996*405
25,125,019
Hector J. Dowd,
12,143,219
12,992,350
who has launched
holders,
replied
President, in
Corp.—Annual
a
letter mailed
on
MeetingMarch 23 to stock¬
to charges
made by Rawson G. Lizars, a stockholder,
fight to displace the present directors with
a new slate at the annual meeting
to be held in Baltimore, April 12.
Mr. Dowd's letter upheM the cnduct of Certain-teCd's affairs under
direction of
a
Bror G.
proxy
Dahlberg, Chairman,
and
asked for
making
the
total
Charleston & Western Carolina Ry.
February—
from railway
Net from railway
Net ry. oper. income—_
amount
applied
for
proxiej sup-
From January 1—,
-Earnings—
1944
1943
1942
1941
$408,558
167,150
90,963
Gross
28,017,845
13,766,548
17,841,429
45,381,814
48,043,813
notice
115,000 shares.—V. 159, p. 1247.
108,054
1,949,555
1,557,280,485 1,523,495,101 1,470,540,907
Fibre
&
stock is redeemable at company's option, in whole or
at any time upon at least 30 days' notice at $110 per share,
entitled, in preference to the common stock, to $110 per share
upon
voluntary liquidation, and to $100 per share upon involuntary
liquidation, plus accrued dividends in each case.
Dividends are cumu¬
lative
from
April 1,
1944,
and
are
payable
quarterly thereafter.
Transfer agents:
Chemical Bank & Trust Co., New York, and The
Fifth-Third Union Trust Co.. Cincinnati.
Registrars: New York Trust
Co., New York, and First National Bank of Cincinnati.
Company, incorporated in Ohio Nov. 3, 1893, is one of the largest
domestic manufacturers of the types of paper known in the trade as
white papers and book papers.
These papers include coated, uncoated
and
machine
coated
book papers;
coated and uncoated lithograph,
label, and offset papers, envelope, bond, tablet, writing, and meraograph
in
and
$5
635.
Gross income
Miscellaneous investments
unadjusted
97,722,158
loans
settlers—.
Steamship replacement fund.,.
Maintenance fund
327,011
2%%
'
30,605,011
on
collectible
1,484,097
500,608
/
$33,874,000 $30,329,000 $66,970,000 $59,607,000
expenses—
5,549,000
5,122,610
10,572,000
9,595,324
159, p.
Prop.
901,532,307
2,290,803.
10,387,121
33,949,193
47,879,560
Agents'
$
912,315,194
and advances to
Materials
1941
properties
Insurance fund investments
Other
1942
$
Acquired securities (cost)—.
Adv. to controlled prop., etc.,.
Deferred payments
r__
Mortgages
1,775,456
751,296
Net
3%%
*70,465
_.
Ry., rolling stk., inland steam¬
ships, hotel, communication
Improvement
from
*58,021
330,800
railway
oper. income
Operating
Comparative Balance Sheet, Dec. 31
and miscellaneous
Net
$133,156
1,996
Announcement, has just been made of the resignation of Thad Eaton,
othe^hicohie., $16,270,751 $15,861;034t$13,382,059
Assets—
2,376,163
431,671
income
1036.
Assistant
steam¬
provision of $1,991,528 in 1943: $3,105,034 in 1942; $3,822,368
in 1941, and $4,564,786 in 1940 for
depreciation,
tAfter provision of
$2,651,357 for depreciation of hotels.
-
6.298,333
railway
oper.
Central Vermont
50,529
Period End. February—
1944—Month—1943
1944—12 Mos.—1943
Operating revenues
$1,471,379
$1,396,533 $17,971,285 $16,210,831
Oper. expenses, exclud¬
ing direct taxes
514,171
423,536
5,792.553
6,806,043
Federal taxes
357,454
317,632
3,676,787
3,308,468
2,708,628
miscellaneous
Total
7,739,938
February—
from railway.:
*33,910
$258,000
Carolina Power & Light Co.—Earnings—
interest,
separately
ship lines
Net earnings from com¬
munications, hotels &
9,682,326
Gross
*59,417
railway
from
Profit
from
props. & misc.
earns, from ocean
and
209,452
9,752,968
__
1941
earnings
—V.
$4,279,887
oper.
•Net
757,640
320,520
1,977,145
railway
159, p.
*11,164
"
Canadian National
1940
$4,652,852
exchange,
from
ry.
$172,200
Dividends applicable to preferred stocks
Calendar Years
1943
Net
from
Net
—V.
"90,962
Period Ended February—
Minneapolis St. Paul & Sauit Ste. Marie Ry..
by the company.
Dividends
Gross
*30,969
income
-Deficit.—V.
to interest
Other
1,177,113
371,313
1,010,392
299,628
income.
From Jan. 1—
$173,000
railway
oper.
1942
1943
1944
From January 1—
profit
and loss account—
1941
$3,046,940
railway-
oper.
v
1942
$3,878,061
.
""
Bal.
ry.
:
$4,767,604
Underwriters
-
February—
20,145,056
dividends
Net
1343
$4,947,661
1,107,054
,
Shares
175,488,517 135,325,459
49,211,567
_
the
Canadian National Lines in New England—Earnings—
8,623.407
Crll3,013
..
into
President and Chairman, told stockholders at the annual meet¬
The output for new business for 1944 is fairly promising, he said.
.■
earnings
$5,152,000
1246.
p.
Unfilled
Gross
Other income
from
—Earnings—
1944
r&ilway__
near
1943
1944
___
expenses,
.
1944—2 Mos—1943
1944—Month—1943
Gross
General
oper.
over
1954,
and
ry.
Net
saving of
outstanding 25-year 5% collateral trust gold bonds due
have been called for redemption as of June 1, 1944, at
Payment will be made either at any branch of* the
Bank of Montreal in Canada
(Yukon Territory excepted)
or at the
Agency of the Bank of Montreal in New York, N. Y.Dec.
Net
Total
net
a
per annum.
Calls Entire Issue of 5% Collateral Trust Gold Bonds—
All
—
Fixed
$$6,000,000 2%%
The
$1,300,000
Company has given notice of its in¬
tention to redeem on June 1, 1944 at 104% $27,400,000
5% collateral trust gold bonds due Dec. 1, 1954.
These
from
Net
of
issue matures serially in the amount of
new
Net
Total
issue
an
each six months.
earnings, 297,107,791 256,864,091 221,446,053 170,964,897
Operating Expenses—
>
Transportation
58,074,037
95,613,960
82,880,692
72,226,835
Maint. of way, etc.—_
21,620,375
46,757,704
37,917,239
29,456,047
Maint. of equipment53,339,880
33,756,404
41,367,913
45,206,614
Traffic
4,536,772
4,625,402
4,798,086
4,878,915
Miscellaneous opers.
2,668.823
6,439,998
3,732,990
5,149,530
Transports for invest.
Railway tax accruals.,
Net
Net
-equipment trust certificates dated March 1, 1944.
18,401,748
gross
——;
from
Dahlberg.
fered—Goldman, Sachs & Co, and W. E. Hutton & Co.
on
March 29 offered 25,507 shares of 6% cumulative
preferred stock ($100 par) at $109 per share flat. -
in
Gross
Total
Gross
McGratb,
United
$
39,337,893
3,830,067
4,621,039
6,672,097
miscellaneous
Central RR. of New Jersey
February—
Securities
ly
Net
——J
and
Corp., Celotex Corp. and
Phoenix
Corp., an investment trust, was filed by Referee John P.
of New York,
who also upheld the conduct of Chairman
—V. 159, p. 1247.
1940
Sleeping, parlor & dining
car
On March 22, a report rejecting allega¬
made
in
a
stockholders'
suit
against
conduct
Products
Equipment Trusts Placed Privately In
B. Unwin, Financial Vice-President,
March 29 that the company had sold private¬
195,897,780 177,401,114 135.331,653
51,168,685
3,961,010
__
Express
1941
$
$
217,943,038
Passenger
5%
$26,000,000
—V.
_
fraudulent
United States—L.
ing.
Years
1942
4943
Freight
1,470,540,907
1,523,495,101
Pacific Air
Income Account
„
231,234.218
of
Net
...
55 749,033
5,184,870
5,910,410
17,542.428
9,006,509
3,619,263
68,551,646
64,479,043
170,385,936
deducting securities and cash deposited with trustees of
by
Lines, Ltd., a subsidiary, in the development of a
coordinated air transportation system.
To finance the extension of
airport facilities and the installation of new equipment, the parent
company advanced $2,027,000 during the year.
Transport planes were
flown 6,133,751 miles in revenue service during 1943, an increase of
17%
over
1942.
.Passenger miles totaled 24,031,000, an increase of
82%; mail pound miles were 926,994,000, an increase of 91%, and
freight miles were 1,825,774,000, an increase of 18%.
Mail
62,533,037
-
——1,557,280,485
activity in the country."
report states
34,565,952
surplus
mittee of officers were to prepare
to the property to place It in a
ment
stock
tions
Certain-teed
—v..159.
104
expects to play its full part in
company
external
10^387,121
deb.
8,517,877
equipment trust.
on
resconstruction
on
and
Total
the
the company's post-war economic plans, Mr. Coleman
states that "the great extent of the unused natural resources- and the
opportunity for a considerable increase in population to benefit by
them, combine to give ground for the assumption that it is possible to
plan for an expanding economy in Canada.
The study of post-war
activities
by the company was assigned to a committee of senior
officers, and an interim report was prepared which by request was
presented during the year to the special committee of the House of
Commenting
insurance
cap.
—
announced
failure occur in supplying essential transportation.
year's activities again demonstrates," the report
or
investment...
credits —5,353,560
Profit and loss
of the
record
on
Land
•
states,
"The
for
Unadjusted
♦After
report, points out that notwithstanding the extraordinary de¬
on its facilities due to the war, in no Instance
did traffic con¬
gestion
and
for
Reserve
7,250,000
84,255,149
10,281,881
77,350,679
46,497,359
5,105,407
6,061,684 "
* 17,498,138
9,707,129
4,718,141
34,565,952
62,815,415
201,250,483
"
83,630,820
26,856,648
5,105,446
6,095,943
17,648,413
—.
reserve
2,335,406
2,521,391
15,472,520
3,500,000
72.422,242
1,959,332
2,521*391
18,131,343
-
21,050,660
13,450,000
liabilities
Deferred
and
the increase in the ratio.
mands
road
4,127,214
115,859,100
12,888,176
Steamship depreciation reserve
in operating expenses, exclusive of taxes, was $32,the ratio of expenses to gross earnings was 72.82%
in
1943, compared with 71.54%
in 1942.
Several factors, according to
the report by D. C, Coleman, Chairman and President, contributed to
1
liabilities—...
current
Maint. of way & renewal res.
Rolling stock reserve—
Hotel depreciation reserve....
1942.
over
traffic
Other
increase
The
592,157,
4,771,158
—
Accrued fixed
Report—Gross
earnings of the company in 1943 reached the unprece¬
dented total of $297,107,791, an increase of $40,243,700
over
1942, according to the
annual report issued
March 27, but this was largely offset by an increase in
operating expenses of $39,219,822.
Net earnings from
operations in 1943 amounted to $49,211,567, an increase
of $1,023,878 over the preceding year.
The balance, after
fixed, charges and interest on bonds of Minneapolis St.
Paul & Sault Ste. Marie Ry., amounted to $42,982,718,
an
177,581,522
9,746,148
4,537,409
( 1,211,681
4,520,423
330,997
'
Pacific
295,438,229
143,018,242
* 10,433,552
4,788,874
3,462,586
332,982
155,354
159, p. 932.
Canadian
295,438,229
332,656
108,608
336,501
171,871
110,500
railway
Net ry. oper. income—
335,000,000
137,256,921
115,917,744
10,450,212
Audited vouchers
335,000,000
137,256,921
295,438,229
tFlifnded debt
Net
Net from
335,000,000
137,256,921
.....
preference
69,805
:
porting the present directors.
—
stock—
4%yconsol. debenture Stock...
1—
Gross from railway
—V.
60,827
4%
*
•
,
Ordinary stock
1941
1942
:
\
.
$347,147
$257,005
78,149
$284,029
99,102
59,189
760,398
272,165
687,694
588,841
520,774
283,669
215,531
217,309
139,220
156,767
128,987
140,891
141,655
104,239
63,773
.
Gross from
railway
Net from railway—.
Net ry. oper. income—.
—V. 159, p. 932.;
—
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4269
159
-
Calendar Years—
Gross
profit
•' •
-
'
sales
on
1943
*
.
Total
——-
administrative
and
$611,161
-
4,514
income
Selhng
1942
-
—$594,796
u,
4,535
$599,311
—:
—
$615,697
"
expenses————
422,559'*
426,505
$176,752
13,415
$189,192
10.660
$190,167
Income
54,299
71,524
after deduction of post-war
: •1
:_.f———-——42,123
21,384
investments
from
Total
——
—,
a
———,_„X—
income
Normal and surtax-"Excess
profits tax
refund
Net
$93,745
91,633
$1.02
profit
Average
number
Amount
earned
shares outstanding——
per share.,
of
Balance
Assets—Cash account,
Sheet, Dec.
31,
■
$106,944
92,050
u
$1.16
1943
$155,980; marketable securities, at cost,
$17,230;
accounts receivable,
443;
——
—
$498#
inventories, $433,586; factory, plant,
machinery and equipment, at cost (less depreciation), $322,356; post¬
refund of excess profits tax, $7,056; deferred charges and other
$42,887; total, $1,477,538.
war
in
as
the past.
purchase brings the total' number of retail units to 10.
ago
this division took over the operation of the Famous
Department Store at Springfield:
Restriction Removed
shareholders
The
their
at
<
All
directors
the
of
'•»
••
■,
■
:...
<
Maintenance
Other
reelected
./
'
..
the
at
"
.
elected
also
were
director.—V.
a
159, p
income
and
shares),
(91,590
capital
$915,900;
surplus,
$35,369;
surplus,
earned
Gross
from
Net
$307,557; total, $1,477,538.
...
♦After deducting treasury stock of 8,410 shares.—V.
from
Net
159, p. 547.
'
ry.
railway
meeting.
Gross
from
Net
from
have been called for redemption, cut of moneys in the sinking
Net
ry.
There
Retirement
fund, as of May 1, 1944, a total of $130,000 of refunding and im¬
provement mortgage ?Vz.% bonds, series D, due May 1, 1996, at 100 and
Payment will be made at the office of J. P. Morgan & Co.
—V.
interest.
Incorporated, sinking fund trustee, 23 Wall St., New York, N. Y.
It was also announced that 26 bonds of the same issue previously
drawn
for
March
23,
redemption
1944.—V.
had
159,
p.
not been
1247.
presented
for
payment
up
to
Chicago Burlington & Quincy RR.- -Earnings-
Net
from
Net
ry.
2,491,859
2,453,257
4,085,716
2,331,094
1,535,211
38.504,157
17,354,423
31,337,147
14,707,719
7,319,414
21.474,740
from
Net
ry.
—V.
7,685,223
;■
.
Net
sale of securities of the Gulf Plains Corp. by the
Chicago Corp. to Lehman Corp., New York, was exempted March 29 by
the SEC from provisions of the Investment Company Act which for¬
bids transactions in securities among affiliates.
Both Lehman Corp.
proposed
the
Chicago
Corp.
the
for
first
first
months
two
of
1944
Gross from railway
$2,691,797
Net from railway—857,581
Net ry. oper. income
334,456
February—
344,157
132,613
from
Gross
from
1944—2 Mos.—1943
8,635,899
7,443,696
17,657,334
15,189.100
ry.
oper.
5,945,308
5,753,436
11,406,961
11,257,385
income...
2,455,532
3,713,166
4,557,674
Net
ry.
—V.
oper.
159,
p.
4,981,872
1,919,844
3,275,811
873,229
551,318
—
Federal
taxes.—V.
159, p.
754,901
374,801
347,587
income
1247.
decided
have
directors
railway——..
1944
$1,082,357
386,224
income—
231,744
228,074
from
Net
from
Net
ry.
•
1943
$999,811
369,546
February—
Gross
railway——
oper.
Earnings—
1942
«v
-■
$870,169
to
take
action
no
the
on
a dividend of I2V2 cents per share, while
of 25 cents per share was made.
in
reviewing
war
explained
President,
Putnam,
reduction
air-mail
work
and
rate
done
renegotiation
at this tinie.—V. 159,
was
p.
that
because
the
by
it
possible
26,637
33,866
272,963
118,852
261,519
134,482
47,122
58,170
79,666
1941
273,159
,
the
United
for
company
States
Gross
unwise
C.
from
Gross
from
Net
Net
—V.
2,191,956
railway
763,520
454,630.
railway--,—
income i-i-J-r '
oper.
ry.
2,051,465
745,032
1,798,074
1,605,239
559,074
455,966
306,314
194,967
159, p. 932.
1944
February—
et
Pacific RR.
1943
-Earnings
$9,060,985
4,238,195
32,992,664
11, 793,279
5 235,484
13,652,673
2,714,579
1,665,501
2,236,069
35. 857,891
income—
oper.
ry.
2 295,296
24,970,761
8,326,070
5,240,457
from
et
from
et
ry.
railway
railway—-—
income
oper.
7,819,203
No Interest on Adjustment Mortgage
_
interest
no
has
been
paid
sin(Je
who
tors
April
This
18,763,434
5,557,230
3,421,923
Bonds—
with respect to declaring any interest
to be due and payable on April 1 on the 5% convertible adjustment
mortgage gold bonds, seres A, due 2000, and coupon No. 34, maturing
April 1, 1944, has no value.—V. 159, p. 1144.
Company has taken no action
the
was
which
Chicago
sprawls
first
on
that
the
17,077,313
14,868,708
26,824,751
24,287,084
20,132,446
9,468,786
8,575,144
8,761,984
7,741,064
1,006,143
1,052,190
782,368
746,410
Operating income.—— $12,043,726
1,
$8,210,278
$8,547,556
67,215
263,420
277,178
$7,423,436
8,198
conting— $12,110,941
for
the
plant
into
moves
some
huge
plant,
Profit
instance,
27
at
our
tank
present rate of production
of
cars
fuel oil,
the plant is
67,000,000 cubic
using
feet of gas,
forge
Roth,
A.
trustee
approximately $7,000,000.
The American/ Car & Foundry Co. will
build 800 cars, and the General American Transportation Corp. and
Pullman-Standard Car Manufacturing Co. each will build 600 cars.
The trustee proposes to finance the purchase by either one or a
combination of the following methods:
To pay not less than onefourth of the cost in cash and finance under a new eouipment trust,
Net ry.
for
payment in cash for all or a part of
Earnings
$s
from
Gross
from
Net
ry.
—V.
the cars by the trust estate.
1944
1943
railway— $13,014,632 $11,745,572
3,856,555
3,907,856
1,974,045
2,il0,119
'
$6,913,354
1,856,758
1,414,332
9l*$03
Cash
U.
from
from
et
ry.
159,
-V.
income—
23,223,448
18,063,844
14,280,959
7,379,964
railway—_
railway
oper.
7,146,120
3,308,203
2,968,017
4,082,190
3,823,199
1,384,411
1.285,947
26,067,207
933.
p.
.1944
February—
ross
it
from
from
it ry.
railway—
„
railway—
oper.
$2,495,819
804,442
274,382
income..
1—
from railway—
1943
$2,363,494
877,482
287,158
1942
$1,834,730
527,536
191,290
1941
$1,475,900
415,359
142,905
From Januarv
ross
it
from
>t
ry.
V.
4.558,522
3,749,887
1,565,577
railway
4,955,621
1,575,074
1,055,825
915,270
549,976
556,141
361,760
327,314
income—
p. 932.
oper.
159,
S.
according
to
an
Co.—Aldens Chicago Mail Order
sold to Aldens Chicago Mail Order Co. March
announcement.
$1,975,546
This leading Kankakee depart¬
2,574,415
—
share—
per
691,662
351,336
3,432,554
$14,869,721 $13,423,877 $11,874,595 $10,502,415
$2.50
$2.40
$2.80
$2.91
Balance
Sheet
Jan.
hand
on
_•
securities—
receivable
1, '44
Jan. 2, '43
$6,635,694
$7,143,424
4,176,669
——,——
advances
and
4,685,654
1,413,921
—
815,685
5,°00,783
—
—
„———;
investments,
1,380,455
receivables
reserves)
265,682
insurance,
taxes,
rents,
etc
310,464
——
627,713
692,651
4,30o 582
5,245,068
1,303,005
1,339,675
—
„—
refund
Post-war
450/259
.
3,432,554
Land
658,478
499,076
$15,307,149 $13,934 969
tBuildings, equip. & improve, to leased premises
$1,636,927
1,352,953
.
end
at
Government
(less
-
-
of
profits
excess
Goodwill
5,980,185
/
5,744,337
3,938,735
3,386.342
2,263,333
income
2,750,401
1,362.131
1,401,340
800,614
906,357
753,567
972,256
Total
—
792,140
210,000
2,000,116
tax—
—
in
Janas,
seat
seat
Accounts
86.7%..
2,000,116
demand)
,■
' ■
■
'
•;
.' r
.■
surplus
surplus
Earned
with
compared
Total
•Less
in
1943.
in
1944
p.
from
from
railway
railway
oper.
income—
From January 1—
from railway-.—
Gross
Net
from
railway—.
Net ry. oper.
—V.
159,.p.
i^oine
933.
Gross
1042
$620,063
169,901
153.202
276,761
232,878
106,356
70,461
2,041.413
1,322,458
803,594
346.109
13,423,877
1,055,671
for
$4,198,363 in
of
$112,877
in
1944
and
$91,388
depreciation and amortization of $5,055,783
1943.—V.
159,
p.
636.
R/.—Earnings-
1944
from
146,809
$27,422,305 $23,823,191
—
—
tLess reserves for
and
—
doubtful accounts
from
railway
from railway
ry.
—V.
;
490,179
155,122
14,869.721
—
—
Net
$543,497
386,632
506,101
reserve
786,300
630,970
1,133,301
(Dr)_—■_:_u————1,055,671
Net
1«41
1943
$991,118
512,450
2,549,296
951,117®
on
1943
1942
3941.
$126,876
33,046
$90,201
$97,279
36,356
11,077
18,859
15,518
12,910
3,248
9,244
257.495
258,545
200.885
62,875
64,814
203,178
31,753
26,493
25,646
12,907
14,045
$131,415
FrcmJan.l—
-Earnings-
$1,299,065
1944
February—
Gross
payable
—,i_———
railway
Net from railway
Net ry. oper. income—
444.
551,900
154,940
1,060,967
4,772,192
February—
Gross
$4,136,816
2,239,933
year—
—
Columbus & Greenville
in
Colorado & Southern Ry.
$53,000
$4,520,131
taxes (net)
one
$2.50)-.
T_——
/
miles flown decreased slightly from 8,594.134 mail pound
February, 1943, to 8,079,549 mail pound miles this February,
but express pound miles increased 37%
from 2,792.808 in February,
1943. to 3,841,312 express pound miles for February,
1944.—V. 157,
(incl.
within
4,773,855
(par
stock
Treasury
prof,
excess
due
contingenc'es
stock
Capital
this February
1.124,004
&
accruals.
——
Capital
for February,
•
income
for
Reserve
President.
totaled
$27,422,305 $23,823,191
—„—
sundry
and
payable
Mortgages
planes flew 853,864 passenger air miles to Canada
miles
-
|
payable
Mortgage instalments
an
increase of 42,7c over the 598,625 air passenger
February, 1943, it was announced on March 28 by
miles
••
-
Accrued Fed.
last year.
Passenger loan fs"t^r was
75.9% for February as against a load factor of 66.40% for February,
1943.
Mi'es scheduled this February were 61,754, an increase ove" the
54,046 miles scheduled for February, last year.
Miles flown similarly
increased from 45.945 in February, 1943, with an operating factu
of
85%
to 53,524 miles flown the month past for an operating factor
miles
——
Liabilities—
933.
p.
Available
Net ry.
The Chicago Store at Kankakee—
The Chicago Store was
325,
$2,799,465
1,372,256
'
railway-
flown
Sigmund
Net
Chicago Mail Order
Co. Buys
3,134,927
~
—3,090,037
banks and
in
Prepaid
1941
Mail pound
Great Western Ry.—Earnings—
k
199,319
period
Inventories
during. February,
miles
of
Chicago
8,729,016
to
$15,998,292
surp.
•Accounts
Colonial Airlines, Inc.—Air Travel Increased—
624,029
From Jan. 1—
»t
_
railway
oper.
159,
901.557
ross
1942
$3,129,920
_
income
The corporation's
194l'
1942
$9,082,163
$5,006,633
10,502,415
Consolidated
Ry.—Earnings—
458,626
railway-
railway—,.
from
Net
for February and Year to Date
February—
1943
1944
oper.
$4,804,734
11,874,595
From. January 1—
of
or
from
Net
$4,123,698
13,423,877
applic.
dividends
of
shops
Cincinnati New Orleans & Texas Pac.
February—
of the properties of this company, on
March 29 was given authority by Juage John J. B?rnes of the U. S.
District Court at Chicago to purchase 2,000 50-ton box-cars at a cost
Claude
$4,535,941
—
Assets-
Chicago
Dodge
from
575,000
$17,959,818
Earnings
during January we completed
225.000 torgihgs made of some 2,700,000 pounds of steel.
Total deliv¬
eries -of forgings from this plant since it began operations already
exceed .1,000,000 individual pieces."—V.- 159, Pr 1144.
Gross
1,850,000
1,443,000
years
Earned
125,000 castings.
Purchase
$7,431,633
2,357,000
begin.
at
15,-
"In the two Dodge Chicago foundries we are melting about 125,000
pounds of aluminum and 50,000 pounds of magnesium daily.
Since we
began pfir foundry operations in Chicago we have produced more than
$8,824,734
2,450,000
1,9.00,000
220,000
period—_
credit
Cash
8,473,698
2,362,500
5,212,500
taxes
for conting.
for
Sundry
Chicago & North Western Ry.—Authorized to
spec,
taxes
profits
surp.
prior
gallons of water.
2,000 50-Ton Box Cars—
&
in¬
Balance
month
the
for
period
Net
000,000 kilowatt-hours of electricity, 15,000 tone of coal, and 117,000,000
"In
taxes
prov.
Earned
production," Mr. Keller said,
is being used become very
(net)—
income
exc.
Spec.
interesting.
"For
and
before Fed.
prov.
of
volume
deprec.
come
the material which
of
adminis.
income
Federal
Dodge plant has 19 buildings.
"As
"statistics about
——
&
gen.
Profit
of the goal set for this year.
The
and cost of
sold
1943.
had gone into production.
Ground was
broken on June 4, 1942, and the cost of the project;was estimated at
well over $100,000,000.
Mr. Keller said employment currently is about
60V
,
and
—„—'
amortization
500 acres,
over
$75,166,441 $62,211,573 $59,456,305 $50,912,064
29,638,860
Fed.
announcement
etc.—
record
allows,
exps.
Prov.
March 24.
company
w.j.j
Ended
Jan. 3, '42 Dec. 28, '40
sale
expenses
1037.
met in
Jan. 2, '43
52 Weeks
17,549,210
Sell.,
\•
The corporation's Dodge Chicago plant is "now producing and ship¬
ping in substantial and increasing quantities each month 2,200-horseWright air-cooled engines," K. T. Keller, President, told direc¬
each
From Jan. 1—
ross
which
on
Ended
23,008,926
Oper.
Ruth,
P.
Ended
talent,
records,
Miscell.
1941
1942
railway—- $17, 334,678 $16,786,277 $11,987,211
7,333,559
4,078,728
railway———
5 304,030
from
from
et
facilities,
discounts
Chrysler Corp.—Dodge Plane Plant Now in Production
475,266
Chicago Milwaukee St. Paul &
ross
159,
Subs.)—An¬
53 Weeks
discount & agency
returns,
1242 and 1943 as to
take dividend action
to
from
commissions,
is
348.
deemed
income
of
Time
sharp
Army
(&
52 Weeks
Ended
lines,
the
of
System, Inc.
Jan. 1, '44
Period—
power
From Jan. 1—
first
dividend
* '
233,120
of the dividend
payable
the
is
52 Weeks
Secretary of the debenture holders committee, an¬
nounces
that the committee, through its counsel,
hap petitioned the
court to direct the trustee to pav one year's interest 6n the company's
—V.
90,692
149,905
Co.—Omits Dividend—
to omit declaration
nual Report—
Jan. 2, 1943,
on
because
Childs Co.—Seeks Interest Payment—
William
$774,365
56,133
23,212
Columbia Broadcasting
quarter
payment
debentures,
Chicago Indianapolis & Louisville Ry.-
,
$120,826
.
312,402
142,640
1037.
ordinarily payable about April 1 on the common stock of no par value.
From April 1, 1943, to and including Jan. 1, 1944, the company paid
759,420
52,327
7,267,324
The
2,851,167
1,559,956
5,404,476
railway
*1941
1942
$126,658
68,805
•
January 1—
goods
railway
1943
$150,683
54,495
/
20,644
From Jan. 1—
Net
17,011
about March 31 on the common stock, par $25.
interruption of dividends since 1917. Last year, the
company made the following payments: March 21, June 30 and Sept. 30,
75 cents each; and Dec. 18, $1.25.
In announcing the omission, the company said:
"The operations for
1943 showed a moderate profit out of which the year's dividends were
paid.
However, these earnings were produced in the earlier months
of the year and the directors are today faced with the fact that for
the last six months of the year the company operated at a loss.
The
preliminary figur.es for the first two months this year, while showing
improvement, do not indicate the full reversal.
In view of these cir¬
cumstances it is obviously in the interest of the stockholders- to con¬
serve
the assets of the company by the suspension of dividends until
the figures indicate that the management has been able to rectify the
abnormal situation existing during recent months."—V. 159, p. 1248.
of war contracts makes any
completed.
He pointed out that
for 1943 has not yet been
has made what it believes "reasonable
from
Carleton
$1,356,287
1944
$149,201
>. ■>-"
-
.
from
ordinarily
Chicago & Southern Air Lines, Inc.—Omits Dividend—
1941
1942
$1,541,145
371,641
132,963
1943
$2,515,376
1,003,102
386,959
$43,896
Wyoming Ry.- -EarningSr
railway..
railway,.
oper. income—.
ry.
This
until
1944—Month—1943
&
Colt's Patent Fire Arms Mfg.
pending and
oper.
"After
a
2,240
$60,907
$52,705
The directors on March 24 voted
(revenues $14,581,207 $13,197,132 $29,064,295 $26,446,485
Expenses
2,240
$60,411
7,707
.....
the
1944
ry.
each
Chicago & Eastern Illinois RR.—Earnings-
Fe%ary
oper.
oper.
30,718
$58,667
railway
304,026
Net from railway.-.—. --L 122,292
Net ry. oper. income—
43,793
—V.
159, p. 933.
renegotiation
company
deductions.
from
From
Co.—Earnings Continue—
rev.
•Net
Corp. are affiliates of Gulf Plains.
will pay the principal amount for $87,500
of Gulf
mortgage 6% note and $16,050 for voting trust certificates
representing 321 shares of Gulf Plains common stock.—V. 159, p. 1144.
Lehman
ry.
Railway
Chicago Corp.—Sale of Gulf Plains Approved—
and
that
29,702
$58,171
.....
applic. to corporation
open account of subs,
income
from
Gross
Chicago Rock Island & Pacific RR.—Earnings—
Period End.
%
Total
Plains
193,375
uncertain
and
61,675
$89,385
158, p. 2465.
Net
841,572
317,312
134,848
requirements.
although the
started,
159, p. 932.
The
997,406
389,460
165,084
for 1942. is still
62,519
$87,874
1
income
Gross
-
added
profits
of
renegotiation
3,193,666
92,896
The net profit for the 1943 March quarter was $548,380,
share on the 335,320 common shares, after allowing for
a
note
4.9J2
$151,060
...
—
subs,
February—:.. : vV .i-,
.»•„
154,797
indicated
Jackson
prediction
5,214,993
4,414,402
4,986,908
income
;■■■..
oper.
81,589
•
-
provision" for both years.—V. 159, p. 4.*
railway
railway
from
Net
207,068 V
49,984
15,925,498
income—
oper.
From Jan. 1—
Gross
$1.11
Mr.
;
.......
subs,
In
Colorado
finish the current quarter with net profits about
a year ago, H. A. Jackscn, Chairman of the board
at the annual meeting of stockholders held
expects to
President,
$146,128
3,208
Expenses and taxes (1942 estimated).-—.—
March 28.
or
$7,710,003
$495,556
447,312
operations
preferred dividend
1941
1942
1944
1943
$19,006,581 $16,228,972 $10,496,763
4,002,479
railway——
8,542,756
8,101,627
railway
from
of
with those of
in line
and
February—
basis
company
on
Gross
the
On
$147,185
...
accruals..:...;
...
from
from
included
-V.
1,020,525
Pneumatic Tool
Chicago
17,045
$150,393
reserve
income
Interest
3941
$406,589
,
1,039,813
349,886
-
^
deductions
Income
,
,
152,035
932.
159. p.
33,683
.... ............
—
income
Gross
Net
(net)...:
income
Net
income
38,343
24,487
36,873
...
In
1942
$502,168
226,488
-
84,087
railway
41,593
«.i
—
taxes:
'
Gross
.
railway—.
oper.
1943
198,793
income™
oper.
From Jan. 1—
Chesapeake & Ohio Ry.—To Redeem Series D Bonds—
1944
.
216,817
...
932.
$510,747
railway
1942
$436,085
200,886
>
Chicago & Illinois Midland Ry.—Earnings—
February—
excess
_
_
income
Net
payable,
$84,399;
accrued expenses, $33,888;
profits taxes,, $100,426;
^capital stock
Liabilities—Accounts
1943
$466,955
'
.
income and excess profits
taxes
Other
items,
Federal
Statement
'
r-
,
•
'"
addition,
H. Greenburg, President of the Diana Stores Corp. of New York, was
>.
•
Subsidiary Companies Combined:
annual
corporation has no immediate need of additional capital, and that this
amendment to the articles was made in order to place the corporation
in a position to meet new demands for capital at such time as it may
\
-
Utility operating income.....
meeting approved an amendment
to the articles of incorporation, removing, restrictions on the issuance
of 200,000 shares.of the common stock of this company.
This makes
possible the issuance of such shares for any purpose deemed advisable
by the board of directors.
When
interviewed, Edgar L. Schnadig, President, stated that the
be needed.
12 Mos, End. Dec: 31—
Operating revenues
Operations
-
200,000 Shares—New Director*
on
♦
Federal
latest
month
A
$199,852
profit
function
will
ment
This
Gross
(& Subs.)—Earnings-
Comparative consolidated Income
home
and
,
income
Other
Colonial Utilities Corp.
plete
Comparative Income Statement
*
was, established more than 35 years ago.
It carries com¬
ready-to-wear lines for men, women and children; dry goods
furnishings.
It will be operated as a member of Aldens
Chicago Mail Order Co.'s retail division and will be known, as AldensChicago Store, Inc.
Edgar L. Schnadig, President of the Chicago Mail Order. Co., stated
there will be no change in merchandise or operating policies at the
Chicago Store; Present management will be retained and each depart¬
store
ment
Charis Corporation—Earnings—
1349
187,629
1,143.676
.
income
oper.
159, p.
31299
933.
(The) Columbia Fire Insurance Co. of Dayton* Ohio-
New Officials Elected—
349.567
Richard
165,775
G.
Guthrie, Treasurer
•
the
Dixie
Fire
Insurance
Co.;
The American Insurance Co. and
Daniel T. O'Connor, Secretary and
THE COMMERCIAL & FINANCIAL CHRONICLE
1350
and
and J. Paul Rutter, Assistant Treasurer of those
elected to similar positions with The Columbia
Fire Insurance Co. of Dayton, Ohio.
Assistant Treasurer,
Commercial Investment Trust Corp.—New
25
to
stockholders of record
Madison,
establishing
;v
Net
Net
from
Net
March
ry.
March
—V.
•
is::::::::::::::——
4
159,
■
Corporation
1942
1941
$168,580
$136,728
*1,007,644
*917,201
*564,280
*430,391
*1,011,691
*924,471
121,415
*772,100
ry.
Gross
income..
oper.
From
January 1—
from
Net
railway...
railway-
from
ry.
368,285
339,271
291,645
*1,983,836
*1,750,332
*1,232,362
*911,416
income..
*2,030,541
1,771,061
*1,371,186
1,598,738
oper.
income—
oper.
10,014
125
Dunhill
1941
$47,371
2,071
1942
$62;310 "
13,928
1943
$73,054
railway
from
Net
from
Net
ry.
139,268
7,376
152,231
26,255
The
9,901
12,454
last six
Gross
Net
With SEC—
with the SEC
preferred stock and naming
from
ry.
—V.
$991,611
$764,294
$907,116
579,036
351,519
504,255
300,658
182,602
-
_....:
—
—
1,809,42&..
railway
income...
900,677
494,268
514,447
Shares
Gross
from
Net
from
Net
ry.
Lynch,
Beane; Merrill, Turben & Co.;
& Lynch;
Mullaney, Ross &
Piper, Jaffray & Hopwood; Riter &
Pierce,
Fenner &
Moore,
Leonard
Witter & Co.—V.
—V.
978,251
606,154
•
capital
stock,
railway...^..
income...
$1,
par
243,743
$0.15
and
profits
excess
$0.15
of $39,000.-
taxes
payable
disbursed
"
dividend of five cents per share on
a
Gas
Fuel
&
1 to holders of record April 15.
April 1 and Oct. 1, last year.—V. 158,
Associates—Earnings—
Feb. 29, '44
consolidated
income.
5,167,413
and
expense..
5,294,481
2,322,360
—
discount
2,460,802
The
company
Reviewing
increase
amounting
1944
of
22.8%.—V.
for
for
In
has
The
(Pa.)
SEC
Gas
24 company's sale of Athens and
Thomas of Westfield, N. J., |and
approved March
Co.
H.
to
Sayre
Mark
Emerson
been
will
sell
also
to
and Mr.
Anton
in connection with the retirement
consolidated working capital rose to $2,714,636
year from $2,643,738 at the end of 1942.
Tcfcal
$4,404,525 included $1,381,723 of cash and United
has
been
elected
director
a
fill
to
the
in the
Can Co., Inc.—Sales
first
Board
held
and
28.
not be taken
he
of
Because
of
seasonal
indicative of what
as
48%-
factors,
this gain
however,
be expected for the
can
2Vs»
timesothose for
creased about
1,353,181
604,585
$169,366
$199,700
$326,997
$418,272
of
assets
said
in
Bond
crown
in
field.
He
Chemicals,
manufacture
of
building
The
of
metal
32%
over
and paper
the
of
synthetic
of
those
wartime
resins
and
which
can
used
other
Governmental
pre-war
in
of
Com Products Refining
p.
last
farms
to
keep
The Government, he
solutions
ceilings,
to
or
automotive,
the
packed
year," he predicted.
the advantages
income...
from
normal,
profits
and
Adv.,
incl.
of
pi
three
ices,
Total
hog
for
Prov.
of
614,089
Fed.
$224,160
$205,989
$2,371,442
$2,329,271
24,810
revenues
27,587
319,237
360.270
8233,577
$2,690,679
$2,689,541
(net)
Balance
Retire,
6,418.237
accruals.—
63,260
63,260
759,100
749,123
amortization
36,170
40.788
507,131
466,335
35
257
22,293
12,349
$149,504
$129,271
Si,402,154
$1,461,733
res.
&
deducts..
Balance
Preferred dividend
deductions, B. V. G. & E. Co.
77,652
77.652
$1,384,081
Applicable to minority interest-
19,582
20.472
$1,304,920
$1,363,609
$1 304,920
$1,363,609
Eastern Utilities Associates:
of subs,
1.
applic. to E. U. A...
income
232,368
251,732
$1,537,288
$1,615,341
16,281
5,777
$207,157
27,258
Balance
available
146,869
148,930
$1,390,419
dividends.^
for
$1,466,411
$201,380
21»4§3
income
,
16,640
...
&
5,000
prof, taxes
55,805
121,498
$53,401
11,324
excess
partic.
on
stock
pfd.
Comparative
5,812
" 8,213
stock——
stock
Balance
3
Sheet,
Dec.
1943
1942
Invest,
1941
$5, 017,883
$4,304,745
1,418,168
2,295,827
1 414,177
1,168,030
601,473
1,031,649
576,452
705,378
in
common
in
cap.
stock
stock
of
J.
Williams
B.
of Durham
—V.
159,
934.
p.
Ebasco Services
the
operating
of
week
Inc.—Weekly Input—
March
ended
of
companies
American
Power
&
during 1943
were
23,
Ebasco
Light
National Power & Light
1944
Services,
Co.,
the
Co., as compared
System
Inc.,
Electric
inputs
which
Power
&
Co.
6%
51,136
31,773
135,989
139,303
405,081
649,954
$45,391
2 ,719,279
2,447,281
Class
A
common
1 ,058,402
1,504,843
Class
B
common
stock...
.
per
share, payable May 25 and Nov. 25 to stockholders of
record May 15
preferred
stock..
$58,235
386,175
300,000
stock—
Participating
$1,166,765
346,675
debentures
300,000
205,335
treasury
226,345
11,285
(Dr)
85
95,190
Stock, in
205,335
85
Surplus
Light Co.__
Electric Power & Light Corp—
National Power & Light Co.
—V.
—
155,
p.
—
1833.
______
week
of
Kilowatt-Hours-—•
*
n fp o cp
1943
Amount
Percent
185,537
172,114
13,423
7.8
96,111
84,208
11,903
14.1
104,392
96,673
7,719
8.0
*
above figures do not include
the system inputs of any companies
not appearing in both periods.—V. 159, p. 1249.
Electric Storage Battery Co.—Report for 1943—
Consolidated
9,410
$981,391
$1,166,765
+1943
.
sales
Earnings
per
share
1942
+$69,695,238 $59,629,187
...
Consolidated net income
"2 056 406
on 907,810
'
shares outstand'g
$2.26
1 997,026
'
$2.20
all
charges, including provision of $5,920,000 for Federal.
State an dforeign income and excess profits taxes and
provision for
contingencies of $1,014,000.
tRepresents the greatest volume of busi¬
that the company
ness
and its subsidiaries have
ever
enjoyed.
In 1941
the
sales were $47,553,169.
tThe results of operations from war
tracts for the year 1943 are subject to renegotiation of
profits but
report states,
for
the
vision
year
the basis of the profits allowed on
1942 it is the opinion of the management
"Upon
for renegotiation
Note—Consolidated
rent
Total
1944
American Power &
Calendar Years—
1
liabilities
current
convertible
3,789,345
1,649,382
cents
—,
$981,391
Liabilities—
Total
and
with the corresponding
—Thousands
"After
Total
8,900,945
10
47,595
client
Corp.
$247,004
31,773
10 ,265,375
of
,1942
$307,603
of
subsidiaries
are
Light
follows:
as
Operating subsidiaries of:
The
Duplex Razor
—
11,950,541
dividends
2
100,945
________i—___
charges
Ltd.
4,107
v
31
1943
assets—
current
buildings and equipment (netU—_
Goodwill, patents, trademarks, etc..
$6,316,616
1,708,825
6,510,857
90.140
14,161
.
Land,
$6,113,360
extra
1,854,306
$248,970
oper.
25,200
$61,386
481,451
two
471.471
165698
$333,001
46,606
' 15,000
investment
common
589,133
declared
..
$170,158
fund...^
retirement
common
1038.
have
1942
$170,233
A
1944
directors
473,226
176,257
$11,209,833 $10,927,805
Expenses, taxes and interest.
__
B
Culver & Pert Clinton RR. Co.—-Extra
Dividends—
The
30,027
taxes)
Non-oper. income
Non-subsidiary
75
class
782,374
1,171,405
515,126
35,416
inc.
For
Invest,
income—
$916,842
552,491
;
28,800
operations..
class
From Jan. 1
oper.
/
and
*
on
Co.,
159, p.
razors
...
674,906
2,963,483
$988,325
revenues
(incl.
Earns,
$259,724
•
on
$2,327,734
933,185
Delaware Lackawanna & Western RR.
-Earnings—
ry.
proceeds from
Dividends
$3,067,196
1,018,315
958,094
railway..—_
'
12Months Ended—.
" Feb. 29, '44 Feb. 28, '43
1943
$1,324,502
results of operations of Van der Horst
(50% owned by Dresser Manufac¬
amortization..
Dividends
$3,574,918
1,017,857
12,546,274
$168,917
(& Subs.)—Earnings—
Month of .February
Operation
$518,077
$1.55
amortization amounted to $145,Jan. 31,
...
1941
1,345,090
Net
$388,643
$1.16
40,000
...
$145,655
$94,674
735.
Maintenance
Interest
•
1942
1,168,067
—V.
and
from
est.
Dividends
1,086,894
railway—.
Crl26,87l
income
1,946,325
income—
Crll0,190
Cr4,679
•
$78,877
840,
p.
•_
,
...
Trj
Net
ry, oper.
from
—
debentures...
sale
on
Net
ry.
159,
157,650
.
1944
5,958
received
Employees'
Loss
Deferred
Net
5,465
1943
sold
and
on
Total
Net
income
59.475
133,742
.
respectively, for the three months-ended
months ended Jan. 31, 1943.
income
4,710,954
from
(net).
years
•
Period-
possible
lower
Interest
1943
costs
income
1,759,895
railway
from railway
re-
^
Net
6,186,754
from
107,120
1,268,711
Ta^es other than Federal income taxes..
1,878,444
February—
69,775
1,101,900
—
operations
Depreciation
7.098,978
income...
post-war
55,368
78,840
'
three
from
2,390,388
Net
prior
taxes
"
29,715
27,709
$1,772,995
—
profits taxes——
excess
figures do not include
8,462,821
Gross
the
accessories
$4,009,020
—V. 159, p. 445.
debt,
Net
$1,450,914
taxes
income
of
$147,637,
from railway
oper.
State
refund
and
Net
Gross
profits
7,770
$426,042
Eastern Utilities Associates
value ex¬
declared
and
surtax
—_
—
Assets—
railway
$1,837,154
64,159
101,262
taxes.——.—
excess
Dividends
FrcmJan. 1—
Gross
$1,552,176
—
taxes—
7,768
$334,765
25,668
Years Ended Dec. 31—
Delaware & Hudson RR.—Earnings—
ry. oper.
before
Income
While Corn Products sales have
already begun to taper off, the full
Impact of the shortage won't be felt by the company until some time
next month, Mr. Hall indicated.—V.
159, p, 1145.
Net
$1,811,486
Durham-Enders Razor Corp.—Earnings—
farmer.
(.
$1,536,822
—V:
10,860,412
662,141
15,354
———
...
3,529
$203,229
etc.
for
Net
8,832,124
863,199
;...
income
_
adjustments
1943
i.
The
of the
Co.—Plant Closed—
1944
funded
on
3,843
$173,209
...
income.
corp.
rents,
Prov.
turing Co.).—V. 159, p. 734.
1145.
Industry operating.
continued, must' choose one
shortage:
Increase corn ceiling
February—
Gross from railway—.,
Net from railway—
Int.
428,000
1944
———
—
income
Gross
Depreciation —66,623
^
and adminet. exps
gen.
deductions
Above
ra¬
the
subsidize the
"-v •'
712,000
839.
i—_.. $11,232,145 $13,334,039
J
—
income
and
1944,
for
company's Kansas City, Mc., plant has been closed down for
lack of corn, and only a few days' supply is available at the
Argo and
Pekin, 111., plants, Frank H. Hall, Vice-President, stated at the annual
meeting held on March 28.
He said the Government may have to seize
on
t$1.81
#
.
p;
•
Note--Provision for depreciation and
101
in
year
The
corn
Other
Corporation of America, an affiliate
the current
159,
•,
159,
Net profit
Earnings per share of capital stock
adding 22 commodities to
in metal containers, "will
has only emphasized
container, he said.—V.
$533,263
Miscellaneous
period,
opportunities
refrigerators,
.
31—
sold—.——.-
goods
Post-war
fields.
be
now
acquired
company's
restrictions,
sales for
can
substitutes
interest
the
increase
•;
outstanding.—V.
_
Operating profit
Manufacturing Co. (& Subs.)—Earnings—
sales—.J
Canadian
in¬
and fibre
cans
he
He cited the acquisition of the
the
that
will
materials
easing
list
asserted
Inc.,
result in increased
use
iield
'•>
shares
295,317
Adjustment for
its
discussing post-war prospects.
this
the
while packers'
Manufacturing Co. and the integration of Continental Can's
cap business as making the company the second largest producer
Marco
dio,
about
cans
broadened
1942
$566,003
«
$1.88
Federal, State and foreign taxes
Federal
88%.
has
company
__
-
...
Taxes
$1,689,889.
amounted
liabilities
Current
to
1943
bonds.
Government
Profit
entire year,
1944—2 Mos.—1943
$2,376,038
Federal
products were approximately
period last year,
same
20%, general line
containers about
The
the
war
1944—Month—1943
491,288
cess
Conway reported that sales of
February—
Taxes
can¬
Co.—Income State¬
288,287
Other
said.
Mr.
Massachusetts Street Ry.
245,027
Total
the
over
:
1039.
p.
Operating
about
$5.85
$5.12
1,432,272
Operating profit
last year, Carle C. Conway, Chairman of the
informed stockholders at the annual meeting
V
$2,250,557
caused
Higher—
increased
1944
$2,187,385
stock..
652,567
Months Endtd Jan.
Net
of
President,
March
months
two
corresponding period
$1,917,177
pref
preferred
$1,140,554
Other
Continental
6%
6%;
710,187
Dresser
3
159,
of
$1,124,580
•
by the resignation of William P. Witherow.—V. 159, p.,1248.
Sales
j
■
1
1,108,729
exoenses
Selling, engineering,
vacancy
i.
1,108,729
prior pref
revenues
1943,
the
of
profit
Cost
DuVall
11
oper.
tOn
Consolidated Natural Gas Co.—New Director—
E.
1
oper.
"After
promissory note of Waverly and all of its common stock for $80,000.
Following Consolidated's contribution to Athens of all of its debt
securities, Athens will be dissolved. Consolidated will apply all of the
proceeds to the open market purchase and retirement of its collateral
trust bonds, due 1957 and 1962.—V. 159, p. 1145.
E.
111
Railway
in
close
"
$8,000
an
share
Period End.
Earnings per share on 301,223 common shares..
Mr. Thomas
1
$3,296,114
ment—
there
Calendar Years—
"Net
purchasers will assume a $68,000 promissory note held by the
Light Co. ot Waverly, N. Y., another subsidiary of Consolidated.
Consolidated
that
and
available to
per
Eastern
of the company's war business
were no excessive profits
renegotiation
that
comleted
The
Gas
»
Railway
States
■
York City for $132,255 cash..
Anton of New
11
spite of substantial payments
current
Gas Co.—Sale Approved—
Consolidated Electric &
-
n«
m
adopted
the
at
Earned
—V.
recovered.
plan
1248.
p.
states
report
194?
be
to
Balance
Vice-President, notes
Charles Almy,
the year,
for
1942.
The
to
159,
results
sales of
$8,905,796 in 1943 were about $1,700,000, or 24% , above
the figure for 1942, and 18% ahead of 1941.
He points out that profit
before
taxes
amounted
to
$1,297,022
as
compared with $965,077
March 29
generated
on
(electricity
26,
1
83,025,906
Dewey & Almy Chemical Co.—Earnings—
159, p. 1248.
announced that System output of elec¬
and purchased) for the week ended
202,072,000 kwh., compared with 165,446,000 kwh. for the corresponding week of 1943, an increase of 22.1% .
Local distribution of electricity amounted to 200,611,000 kwh., compared
with 163,403,000 kwh. for the
corresponding week of last year, an
.
4 V2 %
on
589,105
570,764
...
Net available for dividends—
requirements
4,507,228
4,989,325
depletion
and
Feb. 28, "43
$16,075,768 $16,147,730
for income taxes..
Depreciation
Debt
the
May
on
Interest
Div.
Consolidated Edison Co. of New York, Inc.—Output—
tricity
.
-
Eastern
Total
.
35,637
...
12 Mos. Ended—
798,306
492,938
234,746
796,797
461,591
186,227
803,016
483,572
169,259
....
income
were
•
Provision
874,167
499,620
133,479
1943
$602,296
223,743
share—
Federal
2360.
p.
1941 >
$401,802
251,753
119,688
1942
$363,932
202,209
70,173
1943
$399,642
241,348
94,051
256,300
67,365
158,
*34,210
stock..
capital
per
The directors have declared
159, p. 934.
that
March
4.853
Distribution of Five Cents—
1,729,610
Line RR.—Earnings-
1944
$443,400
194l
31—
in
The
Milwaukee Co.;
Co.;
Maynard H. Murch & Co.;
Co.;
Rogers & Tracy, Inc.; Stein Bros. & Boyce; Stix & Co., and Dean
Merrill
of
the books at $92,696.—V.
on
:
Like amounts
railway—
oper.
of
*After
From Jan. 1—
Inc.; W. C. Langley & Co.; Paine, Webber, Jackson & Curtis;
H. M. Byllesby and Co., Inc.; Central Republic Co. (Inc.); Charles Clark
& Co.; Ferris & Hardgrove; Loewi & Co.; McDonald-Coolidge & Co.;
disposed
$1,106,448
Earnings
159, p. 934.
Toledo Shore
Jan.
__
v.
1,584,845
763,563
408,341
1,810,065
~
898,351
February—
from railway
from railway......
Net ry. oper. income...
Co.,
profit
311,599
railway.
&
had
sales
Net
1941
219,887
Net
Dillon & Co., the firms named as under¬
Lehman Brothers; Hemphill, Noyes & Co.; A. G. Becker &
■»' 1942
1943
396,898
income
Gross
plus accrued dividend.
In addition
to Eastman,
Net
$840,560
railway
Detroit
it
Corp.—Earnings—
Months Ended
6
RR.—Earnings—
1944
oper.
announced
27
weeks, and had been carried
Duro-Test
railway
from
Net
March
on
1346.
p.
159, p. 934.
From Jan. 1—
corporation
shares of Park & Tilford. Inc., which it had held for several
years.
It was said that the stock was sold in the open market within the
96,236
1,695
*11,819
128,738
28,517
*3,910
••
income
oper.
International, Inc.—Sells Holdings of Park &
V
February—
Gross
159, p. 934.
Tilford Stock—
*4,269
6,008
1—
ry.
oper.
241,084
Ry.—Earnings—
Detroit Toledo & Ironton
Dillon & Co. as the principal underwriter.
Proceeds from
the sale of the stock, which is expected to have a dividend rate of
$4.75, will be applied to the redemption of the 38,162 outstanding
shares of
cumulative prior preferred«stock at $105 per share
are
1943
$197,882
Net
1944
$67,286
*2
*6,282
from railway.^-—
Eastman,
writers
1944
$219,862
,
March 23 filed a registration statement
on
covering 40,000 shares (no par) cumulative
1,174,525
Ry.—Earnings—
February—
Gross from railway...
Net from railway..
934.
p.
Net
energy
Consolidated Cigar Corp.—Registers
2,430,127
3,976,505
625,687
181,864
Mackinac
&
from
Gross
9.8
of subsidiaries
of
business conditions of
territory served for the week ended March 23, 1944 amounted to 252,008,984 as compared with 235,048,338 for the corresponding week in
1943, an increase of 16,960,646 or 7.22% .—V. 159, p. 1248.
weekly kilowatt hour output of electric
this corporation adjusted to
show general
The
6,010,340
1,701,368
1,993,378
Net
9.7
Corp.—Weekly Output—
Southern
Commonwealth &
*
159,
♦Deficit.—V.
1248.
p.
ry.
a
such
of
Net
From January
9.8
180,508,000
198,207,000
—
Net
11.5
171,685,000
mm
179.332,000
191,421,000
1^7,000
196,728,000
11
10,132,751
4,165,139
from
% Inc.
total
Duluth Missabe & Iron Range
1941
$1,826,378
156,729
*58,245
from railway—
railway.
Net
opened
1
Dow office
new
brings the
move
Western RR.—Earnings—
1942
$2,872,223
786,749
546,308
February—
6 Gross
April
new office in Detroit, It is an¬
to be opened within three months,
offices throughout the country to
12.
Offices in Boston and Philadelphia were established early in Jan¬
uary.—V. 159, p. 1038.
the
and
1943
$4,865,170
1,970,937
692,576
income
oper.
Detroit
Commonwealth Edison group of companies,
for the week ended March 25,
1944
25
29
May
on
♦Deficit.—V.
increase over the corresponding period of 1943.
Following are the kilowatt-hour output totals ot the past four weekL
and percentage comparisons with last year:
March
year
10,841,470
3,480,505
railway—
railway
from
Net
,
1944, showed an 11.5%
Marc?
paid last
From Jan. 1—
Gross
excluding sales to other electric utilities,
Week Ended—
Dow Chemical Co.—Opens New Office—
The company on
nounced.
The third
the other payable
and
1944
$5,175,000
1,580,603
888,359
railway
from railway——
ry. oper. income
"Deficit.-—V.
Electricity output of the
15,
15.
Aug,
also
were
Grande
from
Co.—Weekly Output—
Commonwealth Edison
Feb.
159, p. 548.
& Rio
February—
Gross
in re¬
post-war period.—V. 159,
.
each
cents
10
Denver
3 as another move
933.
P.
of
29.—V.
Nov.
by
Wis., would reopen on April
facilities for service in the
at
record
to
Amarillo
offices from Lubbock, Tex., to
Universal C. I. T. Credit Corp., sales
financing subsidiary.
The new office opened April 1 as another move
in the company's plan to reestablish facilities for service in the post¬
war period and will serve retail dealers and their customers in financ¬
ing the sale of automobiles,
household appliances and home im¬
provements.
Universal C. I. T. Credit Corp. also announced that its branch office
week
last
announced
was
of
25
Extras
Offices—
were declared
stockholders
each
Feb.
on
Aug.
Transfer of one of its branch
Regular semi-annual distributions of 10
earlier this year, one Of which was paid
respectively.
15,
Nov.
eeffts
.companies, have been
Monday; April 3, 1944
assets of
of
pro'fits is required for
belance sheet
as
of
Dec.
war
that
con¬
the
contracts
no
pro¬
the year 1943."
31,
1943, showed cur¬
$34,999,210, including cash of $6,977,157 and marketable
Current liabilities as of the same date
securities, at cost of $6,025,251.
were
$9,091,535.—V.
158, p. 670,
.
1
Volume
El
,
Electric Co.
Paso
THE COMMERCIAL
Number 4269
159
(Del.)
(& Subs.)—Earnings—
1943
:
revenues
1942
$5,437,982
1,978,962
—
$4,641,811
1,736,534
371,971
276,083
—
Maintenance
———
.—
Other
taxes^,j_—r-r—1,276,086
—A-*————,
taxes
*
«
922,499
438,467
479,424
_j
Net
net—
__
amortization
Interest and
Balance
$776,954
»
.
Preferred dividend
*
$813,755
36,801
$877,171
——
*——.
Balance
959
$878,131
operating revenues-.-—_—
Other income,
260,420
requirements of subs. co.___
of El
' 263,083
,
67,501
Eiec.
Co.
67,501
$550,209
—-;—
—
_
(Del.)
111,425
$147,374
Comparative Consolidated Balance
Sheet,
•Total
U.
banks and
in
S.
U.
and other investments...'
plant
Cash
S.
—
February—
deposits
Net
Net
500,000
ry.
;Total deferred debits
"4,550
1,335,453
159,
555,793
208,108
616
392,455
256,786
48,542
cumulative preferredSeries B 6%. non-cumulative preferred——
Operating
104,472
cd. (El Paso Elec.
dividend preferred stock
Premium
preferred
on
Period End. Jan. 31—
revenues
debt, subsidiary
Note payable to bank——
Accounts payable
-Long-term
declared
Dividends
Other
115,556
—_
41,819
liabilities-
:———;—_
39,562
169,581
;
,————
.Capital
surplus
Earned
—
surplus
-—V.
44,064,320
38,740,523
308,451
414,039
214,575
4,033,829
3,615,147
3,251,600
27,587
1,720,081
Net
(net)—__
Equipment
Joint
'.Balance
;
Amount
Total
from
Preferred
,
Interest
Earnings
4,370,625
other
390,178
4,742,322
■
'
$661,090
$7,883,978
2,144,611
1942
other
■"On
Co.—Preferred
of
5V2%
Offered—Offering
was
Total
cumulative
York
New
preferred
new
Curb
convertible
is
stock
v,
.
Cumulative preferred stock
%
Common stock
"Includes
•convertible
"of
($50 par)——
the
($10 par)
——————■_—
1943
P. S. Co.—
Maintenance
preferred.
and
Other
York,
New
by
$1,937,670
$1.01
$1.76
couplings for marine propulsion units,
accessory
and other equipment.. Its products are
and
cleaners,
slip
•
Office
Corp.—Trustee's
Building
principally in the production of power and, accordingly, are purchased
by utilities 'and a wide variety of power and process industries in
peace and war time.
As the result of accelerated plant 'and ship con¬
struction these products have been in substantially increased demand
during the war. Present backlog of approximately $30,000,000 consists
•largely of contracts or subcontracts for war production which, as is
customary, are subject to cancellation.
Research work of the company,
if successfully completed, will adc}, new—types of compressors, gas tur¬
bines, and eiectric torque converters for ship propulsion to its lines
of products."
•%%.'
: V"'
.••>
" ..•
•'.%
'l";5yV'
Purpose
Net
proceeds are estimated at $2,354,000, of which approximately
r$1,149,000 is to be used to retire all preferred stock presently out¬
standing, and the balance of approximately $1,205,000 will be added
initially to working capital to be used for general corporate purposes.
Company,
Acquisition of The Roto Company
March 27, 1944, acquired all the properties and
except its corporate charter, minute book, seal,
Roto
of
Co.
and
books,
on
a
fund
$5,000
of
retained to
pay
certain wages
assets
stock
and ex¬
As consideration the company assumed the liabilities of Roto
vand issued to it 10,800 shares of common stock which, upon the con¬
templated dissolution of Roto, are to be distributed pro rata to its
stockholders.
The acquisition was duly approved by stockholders of
penses.
the
companies.
two
.
■'
.
,
.
-
V.
Statement of Income
1942
1941
$13,088,682
$9,234,594
(Cost of sales and operations—22s 18,736,948 tv 8,649,500
5,667,936
Selling and adminstrative expenses^.
2,523,330
2,059,08(K Al,858,198
Deposited with trustee under profit' < • . *
P >'
sharing plan
.———219,335 150,000
Provision for doubtful accounts.—.*-*-•
——35,100
1943
Calendar Years—
/
"Gross sales,
—
profit
Gross
Other
4
income—
Xotal
Other
$3,272,950
-
charges
———
108,689
66,466
29,287
$2,296,559
179,637
190,000
$1,702,647
3,912
314,000
30,000
1,465,000
Crl46,500
32,200
775,000
——-
—
—
/
tax——_
tax
—-———
Federal excess profits tax.—2——a..-/ - 2,580,000
Post-war refund of exc. profits tax
Cr258,000
income
Provision
^
Net
for
contingencies——
income
Preferred
Common
"And
•
—-
$1,673,360
$3,381,639
56,765
200,000
90,000
&
-
income
'Federal normal income
State
$2,230,093
r
dividends—
—dividends.————-
100,000
$612,874
69,318
$578,422
69,318
$577,535
69,318
177,411
88,971
177,941
provisions for renegotiation of contracts.
Balance
Assets—Cash
on
Sheet,
Dec. 31,
1943
demand deposit in banks and on hand, $4,165,911;
3,828,547
5,945,183
6,481.193
conductors
receivable
:
current
60,959
assets
;
1
106,814
.....
—.
—
29,852
1,574,752
1,606,228
5!365|870
assets
102,873
3,376,439
495,558,367 476,837,480
...
stock:
78,420,400
17,334,523
$1,777,244
$1,707,559
1,962,002
_
1942
1,904,281
646.599
1/
operating expenses
•/
16,702,342
39,365,511
37,966.240
1,567,600
2,930.000
909,192
1,141,687
974,945
1,413,773
Stock
stock
(par
Common
Grants in
beneficial
($40
Preferred,
(England)—New
,
Control-^
.
Audited
/
A,
5%
i
construction
41
accounts
and
194,329,395 205,383,515
477,023
balance^ (Cr)
payable
wages
accounts
who
Unmatured
Scandrett
New York City,
placed
the
of
law
firm
•
of
Scandrett,
Accrued
Other
accrued
V.
159,
81,570
15.487,202-
4,670,682
809,136
liabilities..—
4,362,063
4,035,852
credits
.82,027,706
...
73,544,308
33,502,335
!
26,495,281
495,558,367 476,837,480
"Represented
•
2,972,404
71,784
Total
W. McGrath has been elected to board to fill a vacancy
by the resignation of Stephen C. Millett, Jr., now with the
armed forces—V. 159, p. 934.
1 —
291,707
24,153,870
...
Corporate surplus
caused
516,379
2,483,622
3,012,286
accrued...
liabilities
Unadjusted
•
6,165,893
768,730
2,142,346
357,677
liability
current
Deferred
& Chalaire,
Tuttle
interest
rents
tax
1,001,024
7,436,509
payable
Unmatured
Wiesenberger & Co.,
George
.
31,335
debt
Miscellaneous
this
of
interest..
share)
per
series
aid of
Long-term
(
77,058,000
liability for conversion:
Certificates-of
and real estate taxes, but before deprecia¬
$100)
by shares of
no
par
value stated
at
$40
per
share.—
f <■
1250.
p.
Fall River Gas Works Co.—Earnings-
Railroad—Annual
Erie
Report- -Robert
E.
Period End.
Woodruff,
Operating-
President, states in part:
Erie
:
RR.
traffic
miles
handled
in
railroads
and
than
1943
in
1942,
the previous record year.
58,126
8,337
5,701
20,430
,
$113,485
64,253
Taxes
1944—12 Mos.—1943
1944—Month—1943
$116,491
— _
'
Maintenance
surpassed all previous records in
1943./ The Erie handled 26.24% more ton
generally
the year
in
February-
revenues
Operation
25,902
$1,195,016
$1,124,819
718,568
639,585
•
99,275
75,531
182,717
228,550
$194,453
$181,151
Erie's passenger
•
miles
A
in
.1943
were
considerable
Net
40.87%, more than in 1942.
part
of
the
increase
in
during
traffic
the
year
The
,
total
Retire,
Dividends
ry.
23
of 284 miles as
derived
87%
of
its total
revenue
from
freight service,
traffic ^density
and
Gross
for
property during war-time.
of
any
76,000
401
3,027
5,773
$17,437
$130,942
$143,758
105,889
105,889
financial changes during the year included payment
of equipment trust obligations amounting to $3,366,000, acquisition for
sinking fund purposes of $124,000 first' consolidated mortgage 4%
bonds, series B, $363,000 general mortgage income 4>/2% bonds, series
,A, and $248,000 Erie RR. Ohio division first mortgage 314% bonds;
New York, Lake Erie aand Western Docks and Jmpiovement Co. first
The
principal
bonds paid at maturity, July 1, 1943, $2,960,000; and a
in indebtedness of $4,000,000 account acquisition from
Reconstruction. Finance Corporation of $14,000,000 collateral .trust 4%
.mortgage 5%
—
p.
840.
1944
.notes, and issuance and sale of $10,000,000
these
than
RR.,
secured serial 314.% notes;
debt of $11,$658,827 less
changes resulting in a reduction in outstanding
Fixed ' charges in
1943 were $6,125,483, or
061,000.
In
in
1942 \
1941
$1,366,037
8 13,232,952
$3,124,674
$1,466,958
1,680,734
1,804,161
622,147
600.16C
income
1,140,814
1,052,286
484,656
438,659
2,800,441
2,686,792
939,260
1,050,968
677,351
722,652
from
—V.
oper.
income
6,308,958
5,629,247
3,220,651
2,961,912
2,057,807
railway..
railway.—
from
ry.
1,723,890
Florida Power & Light
Period End. Jan. 31—
,
'
159,,p. 1250.
Operating
revenues
Operating
expenses
Federal
taxes
Other
Co.—Earnings—
1944—Month—1943
$2,049,744
ret.
...
......
taxes
Prop.
760,373
260,155
1944—12 Mos.—1943
$1,647,614 $20,290,200 $17,605,601
556,832
7,685,319
6.483,589
222,531
2,840,362
2,055,939
90,602
88,163
960,410
939,894
res.- approp.
175,000
178,000
2,100,000
2,100,000
revenues—
$763,614
$605,088
$6,704,109
$6,026,179
1,673
913
16,852
7,157
$765,287
$606,001
$6.720961
$6,033,336
Net oper.
Other
income
year
to
$66,850
$750
par
these
par
value
debt
reductions,
the
company
(net)
income
Interest
Net
159,
382,893
355,842
4,302,440
4,264,934
$382,394
charges....—_
income
$250,159
$2,418,521
$1,768,402
840.
p.
acquired during
value capital stock of Paterson & Hudson River
capital stock of Paterson & Ramapo RR., and
Sharon Ry., leased lines; increasing
the ownership in such stocks to 81%, 99%, and 69%, respectively.
V
8,053 shares of common stock and 9,545.25 shares of preferred stock
were issued during
the year and certain cash payments were made in
exchange for 8,053 shares of stock and $858,000 of general mortgage
414% bonds of Northern RR. of New Jersey.
*
First consolidated mortgage bonds, series B, in
amount of $4,300;
mortgage income bonds, series A. in amounj; of $2,580, and
shares of preferred stock were issued and certam cash payments
general
Gross
—V.
1942.
addition
$36,150 par value capital stock of
25.8
1943
railway—.
reduction
net
the
-
railway—
oper.
Net
of
•-
.
.
from
Net
the larger
in fact, of the larger railroads there
were
only two in the United States that were higher, the Norfolk &
Western with
17,546,832 gross ton miles per mile of road and the
Chesapeake &
Ohio -with
16,822,929.
This compares
with Erie's
,16,694,084.. These figures indicate the intensive use that is being made
year
Erie
73,333
6,333
,
From Jan. 1—
years.
1943 had the highest
"railroads in the Eastern district;
of
$222,864
Florida East Coast Ry.—Earnings—
Net
average
159,
February—
from
Erie
$209,970
$16,821
declared
"Loss.—V.
Net
the
41,712k
$24,172
302
Net income
compared with 253 miles the year
.before, resulted in the revenue per ton mile dropping to 0.86 cents
'(less than one cent), which is the lowest cost of freight transportation
for
6,333
charges
Gross
,/
accruals:—
15,516
gross.
grated commodity,, and the fact that each revenue ton of freight was
an
416
*13
$23,456
reserve
interest
$23,755 —
$23,470
inc.—net....
Balance
t(on miles handled in 1943 were 52.4% greater than
in 1918.
Net ton iunSO^Tfaln mn'e""increased 56.2%, net ton miles
per car per day
150.5%, and miles per car per day "156.5%, com¬
pared with the peak year of World War I, 1918.
Erie's handling of petroleum and petroleum products to the Eastern
seaboard
increased
142%
compared with 1942, and 728%
compared
with 1941.
The handling of petroleum particularly, which is a low
"hauled
revenues...r-""-:
oper.
Non-oper.
was
/due to changes brought about bythe war.
Continued cooperation of
shippers in heavier loading and more prompt loading and unloading
of cars and the cooperation of the various branches of our Federal
Government again resulted in new efficiency records.
.'••
:•//• '
,
less disct., returns, etc, $24,752,563
2,653,865
9,037,323
7,330,954
from agents and
"Common
Report—
657,819
:
•__
Exchange,
Richard
=
*
12,027,398
...
supplies...
and
Common
1943
also of New York City.
tube
used
,
20,507,866
2,864,885
4,481,370
—
...
Liabilities
members of the New York
228,000 shares of common and 10.000
shares of preferred stock* which represented the holdings of the Estate
of
Eugene S'.iter, of which
the executors are Walter Chalaire and
heaters,
electric
engines,
24,732,961
18,215,145
...
reeeiv
Total
*
strainers,
4,112,505
Unadjusted debits
/,f-.
—
Stock
of SVfe %
heat exchangers, condensers, steam jet ejectors,
centrifugal blowers, turbochargers for supercharging diesel
2,077,931
17,471,171
4,109,687
Interest matured unpaid
Dividends matured unpaid
Company, a Pennsylvania corporation formed in 1901, is an estab¬
lished manufacturer of steam turbines, electric- generators and motors,
••deaerating
....
Deferred
2,256,084
$3,359,615
2,083,867
16,520,263
Interest and dividends receivable
Business
.
200.166
companies——
Arthur
regulation V-credit agree¬
$7,000,000, pur¬
a
838,641
property
affiliated
accounts
Exchange Buffet Corp.—New Director—
of
Co.
Trust
in
Material
$4,193,755
2,256,084
surplus
15,514
306,726
investments
Net bal.
437,588
stock
common
3,493
—900,861
....
corporation, a well-known British cosmetic firm, has
been spld to a group of British investment trusts, it was announced
in
this country on March 28.
The deal was consummated through
ment, has extended the company a revolving .credit of
suant to which the company has borrowed $5,500,000.
"..
stock
common
Eugene, Ltd.
company.
Guaranty
funds
.Miscellaneous physical
$4,631,342
$5 615,698
$
397,866,377 395,558,162
■„
.Sinking fund
/
Deposits in lieu of mortgaged property sold.—
185,149
453,853
1942
$
property
Special deposits
$6,069,551
operating income—
Control
cumulative
TExclusive of 1,049 shares held in the treasury
138,889 shares reserved for conversion
2,445,801
....
Traffic and car-service
50,000
shs.
''500,000 shs. 1180,141JA shs.
cumulative convertible pfd. stock—
1,959,214
Temporary cash investments.——
tion, interest and amortization.—V. 158, p. 1557.
Outstanding
Authorized
77,252 shs.
;
2,005,018
—2,455,793
63,650
1249.
income
"After
common
Giving Effect to Present Financing
.
...
7,853,732
dividends
dividends
Investment in transportation
Cash
—
"Profit
Exchange.
Capitalization
.5 xh
into
14,339,524
49,999
'8 Mos. End. Dec. 31—
Rental
stock at $18
/until April 1, 1949, at $20 for the next five years and at $22.50 for
the next five years.
It is redeemable at $54 per share for five years
t and
at $52 thereafter, and is subject to an annual sinking fund equal
to 10% of net income available for dividends on junior stocks.
V
Company intends to apply for listing of the preferred stock on the
The
15,140
9,717,053
income
"Certificates of beneficial interest..
at par and dividends.
$50)
of
Preferred
F. Eberstadt & Co. of 50,000 shares
convertible preferred stock (par
March 28 by
made
Stock
127,466
563,212
18,866
pfd. stock of Eng. P. S. Co
Equitable
'
Elliott
3,295,218
563,212
•
...
$4,332,544
224,162
to stocks of Eng.
applic.
p.
4,085,089
funds
49,999
a
159,
21,778,543
13,782,205
14,417
sources
Earnings per share of
—V.
308,422
24,982,265
6,784,311
$5,724,951
Expenses, taxes and interest
$283,942
390,637
20,490,838,
6,125,48#
Comparative General Balance Sheet, Dec. 81
$4,351,411
declared
Total
——
1,155,382
22.086,966
income.:—
from
Miscellaneous
on
1,000,071
25,372,902
70,440
from
24,213
20,931,584
986,832
,
reserve
Preferred
2,144,611
$5,739,368
Eng. Public Service Co
incl. us deductions above:
subs.,
245,605
24,372,832
20,794,522
303,684
A„
charges
applied to sinking fund and
Balance
$6,496,022
—
Balance for
1943
$456,634
—
231,075
19,807,691
—
charges
$977,868 $11,751,158 $10,275,610
316,777
3,867,180
3,779,589
to
dividends
25,521,088
Dr7,142,871 Dr5,078,405 Dr4,613,71&
•
$980,142 $11,610,220 $10,604,944
Dr2.274
140,938
Dr329,334
Vt
v.;
19,505,471
(net)—
deductions
Income
312,754
34,696,312
«. 9,175,224
29,205,631
Contingent
Dr2,964
48,711,103
25,719,487
-
Income available for fixed charges
Investments
Earns,
1.
$0.37
$0.23
1,237,500 shares of common stock outstanding.—V. 158, p. 1936.
share—
rents
Fixed
applicable to minority interests
applic.
53,765,451
—27,045,964
income
Miscell.
;
18,375,238
3.812,499
—
Balance
Divs.
per
operation.
railway operating income—__
Other
profit after all charges and taxes
railway
facility rents (net)
5,262,395
.
38,716
—
operating income
3,500,454
$682,487
requirements
dividend
(Cr)
Railway tax accruals—.
9,739,676
$998,204
amortization
&
Balance
12 Mos. Ended Dec. 31
:
from
rev.
5,398,304
$995,241
Preferred
159, p. 214.
"Earnings
—
operations
8,748,900
'
Electrolux Corp.—Earnings—
Net
—_
Assets—
$18,188,895 $18,926,457
-
2,300,615
54.173,426
12,307,248
.
—
27,587
1,187,530
—
Total
95,524
19,323
—
■», ——————
revenues—.
Balance
2,251,750
1,790,280
126,429
Depreciation reserve _—
./
——
Reserve for injury and damage
Reserves for income taxes of prior years———
;
2,356,830
:
1,180,484
22,062,594
285,226
408,599
oper.
Interest
41,613
23,326
,175,881
accrued———
credits
18/931,608
2,601,149
Traffic
1,096,666
*
902,084
106,845,421
Common
109,655
1,176,560
4,319,934
157,893,223
' 451,019
.
:
1,121,803
Balance
27,856
1,507,781
..
—
-
current
Deferred
;
27,856
accrued
'Interest
'•
1—
taxes..
taxes
Other income
6,990,000
140,000
104,474
company—
5,284,985
21,677,317
1944—12 Mos.—1943
1,647,984
309,139
444,465
income
>•
1,500,000
33,750
2,914,100
.
deposits
Customers'
Taxes
Other
Net
6,850,000
140,000
103,440
__
1,101,371
6,077,143
$59,933,189 $51,353,331
$4,851,215
1,931,299
.
1,500,000
33,750
_
1,838,854
133,353,572
12,514,817
2,071,961*
504,993
3 944—Month—1943
$5,213,510
„_
Depreciation
$1,576,700
17,600
' 2,914,100
.—
stock—;
(58,282 no par shares)
stock
Common
:.
Tex.X $4.50—
Co.,
Subsidiary
;
$1,576,700
17,600
2,292,016
27,141,405
Net
Operation
■
Federal
A 7'%
889,254
15,369;bl3
Engineers Public Service Co. (& Subs.)—Earnings—
Liabilities—
Series
7,438,176
909,318
Total
840.
p.
4,723,460
11,345,392
1—_
Maintenance of equipment——
4,636,428
1,706,111
17,350,871
$
___
_—
Other income
35
$18,188,895 $18,926,457
-
_
5,070,806
«
19,856,732
—
—
—
Railway
5,295,314
1941
78,447,701
Maint. of way and structures
577.278
1,380,564
1942
$
Miscellaneous
1,020,858
78,353
31
19,957,206
Express
$2,390,322 ~ $2,260,811
744,524
Lake
Greenwood
Dec.
98,045,571
'
.Transportation for investment
632,898
Maintenance, -/
Total
$2,568,000
5,602,181
income—.
oper.
126,825
—
„_
railway../,.
"Deficit.—V,
147,764
—
Prepayments
Passenger
1941
271,532
railway.—.,
44,843
Materials and supplies—
coke——:.
Mail
5,764
20
;
———
and
Coal
General expenses
1942
,.•
and
Ended
117,312,149
revenues—Merchandise—
oper.
Miscelalneous
673,479
income
oper,
281,613
;
receivable
1943
1944
,
York
New
Years
$
payable
railway..— -$2,782,584'
from
of
for
1943
Ry.
railway—
from
Net
883,544
350,000
—.
ry.
Gross
1,139,518
1,294,000
Statement
$21,728), $28,026; deferred charges, $223,-
From Jan. 1—
1942
2,135,457-
receivable
Warrants
Accounts
31
from
Net. from
$13,808,339 $15,594,759
hand
on
Treasury tax notes, at cost™
certificates of indebtedness—
Special
Dec.
1943
Assets—
acquiring $102,000
5% bonds.
Transportation
$160,098
I
.
of
Elgin Joliet & Eastern Ry.- -Earnings—
174,846
————•——.—
Balance
in
prior lien
Income
to bank, $5,500,000;
accounts payable,
'trade, $1,306,457; ' accrued liabilities, $468,874; reserves for contract
erection costs, guarantees and penalties, $309,533;
reseryes for esti¬
mated Federal and State income taxes and refunds on renegotiation
of war contracts, $3,975,012; amounts withheld from payrolls for taxes
and war bond purchases, $148,231; preferred dividends payable, $17,330;
reserve for
contingencies, $100,000; 7% preferred stock, $148,600; 6rfo
"preferred stock, $988,800; common shares ($10 par), $1,783,902; capital
•surplus, $214,913; earned surplus, $2,958,329; treasury shares at cost,
Dr$21,372r total, $17,898,609.—V. 159, p. 1249.
Gross
';i
for amortization
Liabilities—Notes
.•
111,425
291,410
Paso
of El Paso Elec. Co.
Common dividends
Ry.
total, $17,898,609.
196;
made
were
contracts
assets
reserves
$446,369
(Del.)—
dividends
Preferred
securities, at cost, $3,500,000: accounts receivable
$50,430), $4,908,481; inventories (less billings on un¬
of $5,528,563), $2,564,007; other assets, $429,305;
(net),
$2,079,683;
patents and
licenses, at
cost
(less
of
reserve
"fixed
454,473
'■Depreciation ■—-4.:—454,368
Federal income1
(less
completed
Calendar Years—
Operating
Operation
1351
Government
S.
U.
-
Statement
Income
& FINANCIAL CHRONICLE
Fort Worth & Denver City
1944
February—
Gross
from
Net
from
Net
ry.
railway
railway
oper.
income—
1943
1942
1941
$1,281,082
$1,025,113
$672,222
$427,945
542,240
497,839
258,482
103,582
276,271
255,447
192,532
39,709
2,523,152
2,006,687
1,345,243
868,105
1,077,631
932.354
480.705
206.472
545,776
467,202
340,593
82,052
From Jan. 1—
Gross
Net
from
from
railway
income—
159, p. 935.
Net ry.
—V.
railway
oper.
THE COMMERCIAL & FINANCIAL CHRONICLE
1352
April 24 on
Vote
to
would
rent
(the
$25
assets
Dec.
of
as
all
that the company will be in a
decidedly
regards reconversion due to the fact that its
war work has been along the lines of its normal peace-time production,
and
consequently regular, commercial fabrication can be resumed at
relatively small delay and expense,
A large proportion of the _company's current output is being taken by the naval and merchant fleets.
The company also has been an important factor in the production of
petroleum processing equipment for the manufacture of aviation gaso¬
line
lubricants, toluene and synthetic rubber.
All additions to plants
have been financed with company funds, and there will be nothing due
to the Government for plants or equipment after the war.
A
two-year revolving credit of $15,000,000 was consummated with
banks in 194°, but the company has not found it necessary to avail
The
position"
Unfilled
full
credit.
orders
I
.
,
,
1U
,
additional orders carried
in
suspense of approximately $9,000,000.
Unless there is a drastic
falling off in Government work, the report poinis out, the company
should continue through 1944 at full shop capacity.
.
Operating Results for Calendar Years
'-f
Shipments
before
Net
;
_______
_
v-V-
—-
1942
1943
$80,776,911 $54,590,161
______—.
_
renegotiation———^
15,377,652
profits taxes
;
*10,945,000
for contingencies
_______—1,600,000
8,647.793
6.400,600
2,832,652
1,337,794
$8.85
$4.27
and
taxes
Federal income and excess
Provision
available
Balance
dividends—^——______
for
Earnings per common share
estimated
"After
for
income
of $1,155,000.
159, p. 1250.
of all of the outstanding 5% convertible
per share,, plus accrued dividends of $1.12%
deposited with the National Bank of Detroit,
Detroit, Mich.
Payment will be made on or before May 22, the re¬
demption date, holders presenting certificates to receive the redemption
price in full with dividends to May 22.
Each share may be converted
into
2.777 shares of common
stock up to the close or business on
for
share,
per
the
redemption
been
have
The
1942
Net
Co.,
Increase
at
share
per
record
the common stock,
on
March
April
31.
15, July 15,
General
Oct.
American
of
and
understood
that
plastlclzing
The
$5
fabric
before
General
the
the
war
stores.
However,
had
company
it
developed
value
treasury.—V.
158,
2461.
Motors
In
Matthew
O.
13.
Co.—Obituary—
Troy,
Commercial
a
had
He
been
with
the
for
Record Number of Stockholders
Stockholders
reaching
of
this
by
States
in
Motors
forces
of
the
crease
of
87%
S'oan.
Jr.,
421,945
of
over
products
rise
in
since
beginning
Net
annual
report
of
been
as
income
with
for
net
the
essential
volume
it
as
for
to
'
last
the
Included
stock,
of
there
items
shares
stock
was
on
total
during
Motors
policy
-
than
the
nature
and
volume
amounted
Information
income
net
to
1942,
in
available
share
per
the
From
prices
cost
the
1942
relative
to
1942
the
year
efficiency.
Field Service,
operating
Products
in
the
efficient
and
use
of
the
Army
parts
on
repair
earned
items
of
share.
per
adding
repair
products made
war
Navy have
divisions
of
operate
to
com¬
needs
earnings
in
various
war
areas
Overseas
organization,
gained
through
of
the
armed
operations
has
been
circumstances
with
and
Income
for
Account
''
Calendar
*
gU.
of
21,529,818
Reserves
for
$2,282,519,192
$2,476,879,842
3,179,106,182
1,824,145,425
75,157,699
and
income
to
64,266,985
Minority
interest
the
for
in
preference
Common
stock
($10
6,386,933
5,423,308
6,339,015
76,051,805
34,187,255
40.584,959
29,566,641
'
of,-;;.:'
stock
subsidiary company
SlPreferred stock
1,888,612
183 564,400
441,043,400
par)
1,888,613
183,564,400
435.000.000
Capital
surplus
______________
34,841,168
11,944,259
Earned
surplus
______—________________
614,859,270
561,364,160
2,264,718,441
1.979,771,117
1
Total
"Less
in
held
1943,
for
the
in
"V."
Government.
+
,
$685,441
excess
under
shares in
41,171
$501,441,553
JPortion
of
in
of
total
market
of
$1,-
pur¬
reserve
Federal
payable
par" value.—V.
no
of
Re¬
agreement
be
to
con¬
facilities)
renegotiation
estimated
shares
AAA
and
(excludes
§Less
war
HUncler
1942.
1,335,644
1943
In
1942.
special
over-all
an
of
cost-plus-fixed-fee
jHeld for bonus
$54,772,045).
and
A';--';
■
in
amortization
ttUnder
^Outstanding,
1250.
of
not
others
1942,
and
1943
less,
of
1943
(including
in
receivables
or
$47,229,937;
Regulation
cash.
cost
account
shares
89,006
depreciation
serve
doubtful
fAt
1942.
inventories
poses:
for
reserve
235,888
in
159,
Georgia & Florida RR.—EarningsPeriod End. February-
1944—Month—1943
1944—2 Mos.—1943
Railway
oper.
revenues
$199,819
$115,693
$396,083
$301,651
Railway
oper.
expenses
160,380
303 683
241.329
accru.—Regular
4,722
120,531
4,722
9,444
9,335
3,421
2,232
5,966
2,983
2,065
5,333
4,172
Equip, rents (net Dr)
6,253
4,713
15,181
8,167
Jt.
Dr)
2,101
1,933
income.
$19,958
$9,497
Ry.
'
tax
Fed.
RR.
Taxing Act,
1937
Fed.
RR.
Insur.
facil.
4,520
Unemploy.
Act
of
rents
Gross
'
1938_
(net
oper.
;
4,237
3,964
$52,240
$30,163
,
5
1,448
1,053
2,538
2.075
$21 407
income
Deducts,
from
Surp.
$10,551
$54,778
$32,238
income.
applic.
313
323
637
670
int._
$21,093
$10,227
$54,141
$31,568
to
'
Week End. Mar. 21
—V.
revenues
159,
Jan. 1 to Mar. 21
1944
101,480,274
1944
1943
$515,208
$415,201
1943
$40,325
$40,400
1251.
p.
1
60,325,194
59,162,640
53,161,347
35,466,846
23,986,315
16,598,644
48,661,545
7,250,587
5,273,650
1943
1942
1941
$563,676
$333,963
$349 136
213.898
283,543
104 451
132 300
income—.
oper.
124,500,520
248,920,694
from
Net
12,386^479
from
Net
ry.
—V.
taxes
,
49,777
89,971
52,233
55,745
1,091,120
1,111,674
653,066
720,794
429,779
549,708
184,414
278.980
108,857
railway—
178,309
88,258
136.558
railway
income
oper,
159, p. 935.
287,992,343
*•
•.**
.
'
'
(Adolf) Gobel, Inc.—Hearing Postponed—
$149,780,088
Federal
$201,652,508
$132,522,112
hearing
income
profits
ry.
Gross
special
S.
1944
$540,050
railway
From January 1—
credits
U.
from
Net
and
income
profits
February—
from railway
Net
_
foreign
Georgia Southern & Florida Ry.—EarningsGross
Judge
the
on
ganization
28,906,475
taxes_
stockholders'
Divs
income
action
2,223,000
the
year..
capital
Alfred
plan
C.
of
trustee.—V,
(B. F.)
stock
$149,780,088
$163,651,588
$201,652,508
9,178.220
pfd.
on
($5
for
9,178,220
9,178,220
series)
Coxe
postponed
reorganization
159,
until
recently
April
11
proposed
a
by
srheduled
the
reor¬
935.
p.
earn,
stock
com.
improved general-purpose synthetic rubber of the butadiene
type,
resulting from discoveries made in the laboratories of this company
announced
was
cap¬
$154,473,368
$140,601,868
$192,474,288
ately in
43,570.410
43,498 457
43,366.660
$3.23
_
$3.55
$4.44
Earnings per common share
ttComparative
Earned
Surplus Account
for
at
1942
$561,364,160
and
to
the
material
new
other
For
will
was*stated.—V,
rubber
fully revealed to
companies
of
reasons
not be
159,
the B. F. Goodrich
com¬
^
development have been
engaged
security,
the
Rubber
in synthetic
complete
rub¬
information
available to the public until after the
on
war
*
1251.
p.
1941
$493,883,087
$471,021,153
__
______
the plants being operated by
this
(II. W.)
7,004,057
surplus__
cap.
it
Years
begin¬
ning of year
to
Calendar
of
manufacture.
the
1943
surplus
Director
ber
of
one
Details
outstanding during
_—_—
obtained
for the Government.
pany
common
March
on
24 by John L. Collyer, President.
Permission
from
appropriate
Government
agencies so
that
production of the new material can be undertaken immedi¬
been
substantial
_________—_
number of
shares
year
on
Goodrich Co.—Improves Synthetic Rubber—
An
has
Amt.
the
$64,600,000
reserve_________.
"Recovery in settlement of
special
a
1,639.189
39,969,075
6,612,878
____
conting. & rehabilitation reserveContingencies and miscellaneous reserves.—
ad¬
amortiza¬
64.600,000
in
5,990,680
2.294,555
4,419,379
47,108,218
Post-war
1,803,608,247
bonus
excess
employee benefit plans
17,212,368
$3,820,607,289
Net income before
and
2,864,506
2,294,555
•
preferred capital stock-___
on
Taxes, warranties and misce'l. (non-curr.)__
22,866,496
10,440,516
real estate, plants,
HReduction
27,839.153
136,049,869
bonus
Period—
expense
excess
common
for
payable
ffEmployees'
profits taxes
exo.
48:561,545
42,002,405
295,783,254
(excluding
and
and
S.
104,152,103
64,600,000
contracts_i_______
foreign inc. and
Employees* bonus
Divs.
85,077,233
Govt.
1941
11,201,154
deprec.)
for
Employees'
Government
on
S.
/,
87,499,021
Government—
and
2,423,005
127,135,314
»
price reductionsS.
100,000,000
1
263,700
sundry
(current).
Non-operating income
Years
1942
13,290,335
iRefund:.
ital
furnished
made
been
U.
to
Net ry.
$3,796,115,800 $2,250,548,859 $2,436,800,977
_
equipment
contingencies
Average
in
earned
has
S.
and
contracting agencies of U,
accrued
Deposits
U.
(less sundry
rehabilitation
nature,
provision
a
renegotiation
to
for
146,613,940
______
>A':
con¬
_
of
tion
1943
of
Due
___
warranties,
items
194,697,280
•
banks___
payrolls,
accrued
forces.
(net)
not
general,
common
special
items
Taxes,
Motors
this
in
-
payable
SNotes payable to
:Due:to foreign
graduated
been
General
and
personnel, including instructors,
GM-built war products.
General
continue
Motors
____
ministrative
on
amount
a
The
income
Liabilities—
:
Accounts
with
I'.'
■
liaison
and
i.
2,264,718,441 1,979,771,117
$571,974,384
supply,
maintenance
'A: ;
and
Motors
training centers
the
sales
Selling,
on
amount
50,236,551
technical
deductions)
of
of
stock
common
63,700,099
for
of
10,987.371
1,678,625
peacetime activities abroad, are made available wher¬
income
ti'Transf.
on
War
replacement
engineering
train
and
-
provision
Net
This
number
income
$3.55
before
for
average
The
year.
1943
to
these
connection
high
46,260,452
treasury
Total
■
products.
war
General
to
General
of
in
funded.
1943
and
men
at
as
subsidiaries
Earned
Under
the
establishment
representatives
of
Adjustment Board pursuant to their request but it has not been
possible as yet to initiate discussions as to the amount to be re¬
in
at
in
Goodwill^ patents, etc.
are
personnel
Navy
the
which
Total
share.
per
the
for
stock
28,261,330
p.
38,000
years
Cost
expanded."
$149,780,088.
plants in
awards
:vA
"E"
157,013,-695
50,352,991
27,472,412
_____________________
12,894,300
savings
Price
refund
and
service
well
income
year.
the
on
including
equivalent
stock
$2.84
was
through
planning
established
income
the
during
year
$154,473,368,
common
Canada
equipment
Motors
in
maintenance
tOiher
*
through
Motors
Army-Navy
1943
up
reduce
to
possible
General
43
■'
sales
economy.
the
General
of
134,484,815
__
___,—
assets
371,483,082
net
made
production," Mr.
is1 indicated
by the dollar
than
volume
a
$3.23
or
outstanding
for
of
remained
$140,601,868,
in
required by
Net
.
corporation's
been
war
dollar
the
111.493,570
466,265.585
not
Prepaid expenses and deferred charges_____
war
Motors.
schools
ever
year 1942 of $163,651,588.
Income for
special "nature amounting to $31,129,475.
After paying regular dividends of $9,178,220 on the $5 series
preferred
1942
Army
Overseas
field
The
—
Motors'
having
separate
117,048.468
companies
327,229,678
Deferred
in
GM-built
General
General
facilities
year,
material
war
became
1343
year
income
of
acquired
was
General
reduced
were
General
soon
of
remainder
greater
prices
has
the
were
even
experience
93%
about
of
achievements
extended
Assistance
as
the
the
to
2,300
391,344,591
plants, and equipment.________
tracts:
"Equity
fighting
amount of $3,546,684,598,. an in¬
$1,898,195,445 in 1942, Alfred P.
of
in
1943,
physical
"is
unit
it
as
40%
representing
facilities
Cooperation
and
which
the
materials
realized,
pares
discloses
represented
reported,
-
their
Post-war
for
than
more
408,065,1^5
receivable,
____
subsidiary
capital
Operating
•
materials
war
the
in
deliveries
$3,796,115,800 in
figures,
war
delivered
Nations
war
Chairman,
various
"The
Sloan
1943
in
United
products
of
cover
notes
4 627,661
cars
deliveries.
flags
keeping
Training
the
stockholders.
War
sales
of
cooperation,
many
■
-
highlights of the 1943 anual report follow:
General
than
solidated
1943 Annual Report
—
for
parts
production.
Motors
Depreciation
Corp.
replacement
Government)____
investments
SReal estate,
increase
an
S.
564,411,464
in
consolidated
indebtedness.
being utilized effectively
mounting offensive of the United Nations through the produc¬
tion
of such
items as motorized transport equipment,
fuselages for
the fast Mosquito bombers, anti-tank gun carriages and gun mounts.
In England, Australia and other Allied countries overseas the manu¬
facturing or assembly and service operations of the Corporation are
also contributing Importantly to the overall effort.
During 1943 General Motors continued to cooperate with the armed
new
General Motors
of
57,463,920
Miscellaneous
1943, an
$344,746,265
represented
of
1943
31,
227,517,280
(U.
receivable,
acceptances, etc.
.tCommon
*
$
287,282,345
securities:
accts.
Other
31,
Dec.
Item
1942
$
notes
Investments
United States
country, some of them
to observe and report on performance of equipment, others to coop¬
erate
with
the Army
and Navy in field maintenance by acting as
service trouble shooters.
Technical and training manuals on General
Motors war products are prepared, and reference libraries and tech¬
nical centers maintained at various key points.
The experience and
high of 230,910 on March 10, record date of the April
dividend, W. W. Trench, Secretary, announced on March 27.
The num¬
ber of stockholders, he added, has doubled since 1930.—V.
159, p. 1251.
a
at
Dec.
1943
326,914,118
__
tlnventories
1943,
31,
Dec.
Dec. 81
.
;
Government
"Other
total, $79,040,301, represented
which a substantial portion
as
.V
\
Accounts receivable
the
Motors
suddenly
8,000
at
certificates
%%
of
contracts
more
fly
in
years.
nearly
at
S.
Tax
ttDue
war
for
recognition
excellence
-
died
47
'
increased
company
i
i;;
Vice-President,
company
$554,431,398
available
1
Short-term
the
of
common
Cash and
corresponding
Of this
v'-
'
___
trade
the
on
1942,
products,
parts
material
war
United
of
March
taxes
some
'
" '
U,
$248,-
1943
$30,373,494
of
amounted to $564,411,464,
year.
commercial
account
now
abroad
is
Cash
fredit applic¬
taxes
$829,238,238
securities
1943
Comparative .^Consolidated
p.
of
In
pfofits
ranging from tiny ball bearings to 30-ton tanks. They include
airplanes; air plane engines, instruments and equipment; shells and
shell cases;
aerial torpedoes; Diesel engines for tanks,, tractors and
.ships;
guns
and aircraft cannon;
trucks and amphibious vehicles,
and many other products for the Army and Navy.
Aviation items
in
involved payment of 6,437 shares of
stock of General American formerly held in the
General Electric
to
the
over
it was stated,
common
1942.
excess
items
Institute
159, p. 550.
'
road.
Motors
share of common capital stock
Consolidated Balance Sheet,
credit.
paid
to
value United States
service
the
on
id)
Corp.—Acquisition
department
for
of
represented
now
processes.
transaction,
par
notions
for
profits
excess
were
amounted
the
bonus for the year 1940.
as
1S42 the amount earned per
before adding income items of a special nature amounted to $2.84.
foreign
and
amount
aggregate
States
post-war
amounted
$98,145,879 during
by
corporation has acquired the entire 10,000 shares of capital
stock of McCoy Jones & Co., Inc., from seven stockholders, it
was
disclosed March 29.
This latter concern is primarPy a manufacturer of
tape
with
services.
The
bias
the
$124,500,520
Government
(c)
of 20
Transportation
1942.
lb)
ounrterly dividend of 22 cents
and Dec. 29, last year.—V.
15
in
United States
for
United
million
Inventories at the end of
(aj
$2, payable April 15 to holders cf
ce its per snare were made on
par
Distributions
:
canital
$227,500,000 par
More
a
taxes
the
$87
$209,685,133
31,
interest
Assets—
At
the
end
of
1943 United States and foreign income and excess
profits taxes payable amounted to $295,783,254, an Increase of $159,733,385 over those at the-end of the previous year,'
140
March 22 declared
deducting
securities
of
Dec.
from
on
1943
with $652,326,139 at Dec. 31,
Government
*
surplus of companies in which a substantial but not more
is held.
tiOf excess of award value over cost of
50%
Note—In
has
includes:
Fundamental Investors, Inc.—22-Cent Distribution—
directors
in
made
compares
totaling
working
compared
convertible
the 5%
under
policy
stock In
each of the years 1943 and 1942, compared with payments of $163
million in the pre-war year of 1941.
Dividends per share of common
stock were $2 per year in 1943 and 1942 .and $3.75 in 1941.
In the
15
years
ended Dec. 31,
total dividends paid were 83.2% of net
income.
^
.•■'v:y]:!,
A" ■■■•
This
Broadway, New York, N. Y., is now
preferred stock of the above company
called for redemption on
May 22, 1944, at $107.50 per share, plus
accrued and unpaid dividends to the date of redemption, amounting
to $1,125 per share.
See V. 159, p. 1250.
Trust
Guaranty
The
after
operation
redeeming
refunded
This
year.
earned
for
than
treasury stock distributable
011
profits
This
Dividends
forces
21.
May
has been
excess
thereto.
able
In
Motors
for
! This compares
with
includes provision for
General
preferred stock at $107.50
profits
actually
was
that
for
$158,285,975, after deducting $17,587,331 for the post-war
in
Co.—Redemption of Preferred Stock
Fruehauf Trailer
and
920,694.
1500,000
tSpecial provision
post-war refund
adjustments.—V.
post-war
Funds
—
General
the corporation's manufacturing opera¬
income and excess profits taxes but after
provisions, to about one-half the rate for the year
reserve
inventories
.
.
company's books at the beginning of
the
on
settlement
provision
Provision
amount
out
amounted to $65,000,000, and there were
1944
the
-
(3)
as
active
the
oi
itself
points
report
favorable
other
of
rate
which
$48,661,545
1941.
amounted to $6,578,423.
1943,
31.
the
with
line
limitation. Under this policy the amount of
been required for 1942 was substantially the
have
the
as
in
Government
profit
renegotiation
before
tions,
for each share of prior
value)
par
amount
limited
the
to
would
which
final
the
Corp.
preferred stock
outstanding.
Another proposed amendment will reduce the authorized
prior preferred stock from 100,308 shares to 100,000 shares,
Nc-t cur¬
of
excess
overall
same
in 1943 showed the largest gross and net
profits in the history of the company, according to the annual report.
Shipments for the year amounted to $80,776,911, compared with $54,590,161 in 1942.
At the adjourned annual meeting, on April 24, stockholders* will be
asked to vote an amendment which would allow payment of dividends
cn the common stock.
No payments have been made since 1931,
The
charter contains a provision prohibiting 'the payment of dividends on
the common stock if they reduce current assets below an amount equal
to twice the current liabilities.
Stockholders will be asked to approve
modification of this provision, which if approved will permit the pay¬
ment
of dividends cn the common stock when current assets are in
Wheeler
made
of
refund
Resumption of Dividends on Common Stock—
Foster
be
policy
of OperationsProposal to Permit
Corp.—Record Year
Wheeler
Foster
Stockholders
Monday, April 3, 1944
year
Gossard Co.—Earnings—
3 Months Ended Feb. 28—
Gross
Sell.,
profits
"1944
&
admin.
1943
1942
$568,241
$572 014
$518 894
399,053
sales
from
advertising
399.926
110918
exps.__
was
the
basis
of
the
corporation's profit limitation policy
In
of refund required by the final settlement
for that
substantially the same as tV amount which would have
been required by General Motors' own
profit limitation policy. While
in the opinion of the management the
amount provided for
tion
amount
refund
impossible
The
renegotia¬
for
to
final
the
1943
year
determine
result
is
the
that
is
fair
exact
the
and
reasonable,
amount
to
corporation's
be
it
is
at
present
taxes,
amounted
1943.
In
1942
to
4.5%
The
net
income
and
from
contingencies
(2)
There
of
war
for
been
and
net
income
of
sales
of
income
i^ms
of
$3,796,115,800 for
from
a
the
year
1943
in
available
has
for
material
a
been
refund
the years
all
the
year
its
special
manufacturing
nature,. amounted
the
following
for
this
deducted,
in
contracts.
purpose
as
connection
This
is
in
and
addition
1942, making
at
stated
Dec.
above,
with .the
amount
31
'the
the
a
an
1943
overall
represents
to
total
of
aggregate
aggregtUe
provision
of
renegotiation
refund
which
surpl.
at
year
Social
&
secur.
old
age
benelit Ins.
$665,669,603
9,178,22(f
9,178,220
14,374
11,301
1L461
$154,814
$160,787
$96,515
201,652,508
$657,534,675
87,106,758
Income
—
credits
8,718
6,152
2.9,106
$163,532
$166,939
$125,621
—__________
9,178,220
86,992,295
162,608,296
and
in
$17,818,324
received
in
of
Net
285,975
373 494
profit
in
$19,955,337
to
$493,883,087
$1,575,575
tlncluding
1941,.
in
1943,
dividends
1943, $7,003,449
in 1942, and $14,011,660
with the renegotiation of war material con-
Exchange loss
Net
"Three
in
in
write-off
accountants
of
fees
($796 000)
($1,482,000),
$32.2°7 742
^Charged
1941.
1942
4"Less
in
1942,
U.
S,
to
income
investments
awarded
and
United
t+Earned
and
bv
in
to
States
surplus
in
1941
taxes
of
resulting
from
and
enemy-controlled
plaintiffs' attorneys and
income
taxes
applicable
includes $"9 858.144
1941
for
net
earned
in
to
1943,
sum'us
also $1,679,467 in 1943, 1942 and 1941
9,812
10 113
77,390
89 659
47 219
*
excess
profits of foreign
ii056
per
common
months
Goodyear
P.
held
W.
on
Tire
ments"
for
He said:
value of
27
2.170
$66,525
$66,118
$o.35
$0.31
$0.30
share
ended
Litchfield,
March
943
$75,703
Feb.
&
29.—V.
Rubber
enemy
court
$28,597,778
subsidiaries not consolidated;
profits
excess
on
and
current earnings
profit
Earnings
for
income
on
subsidiaries
$158,-
provision
9,384
Fed.
for
profits taxes
(after deducting post-war credit of $17,587,331) in 1943, $30,(after deducting post-war credit of $3,374,833) in 1942, and
$171,931,035
of
in
connection
§Inrludes
territories.
recovery
and
$561,364,160
amounted
received
interest
1942,
Prov.
$614,859,270
$8,975,028
'tin
1941.
of
end
—
"Dividends
tvacts.
gives recognition to
This
series)——
$464,017,095
Operating profit
$711,144,248
dividends-—
Earned
profits
provision of $35,466,846 for post-war
1941
before divs.
($5
divs.
Common
after
5
deducted
Pfd.
its manu¬
$2,250,548,859.
rehabilitation.
provided
$76,051,805
$-4,600,000
on
corporation's
Earned surpl.
$493,883,087
163,651,588
149,780,087
year—
Depreciation
all
charges:
There has
f40.584.959
of
3.3%
the
sales
net
on
provisions
(1)
to
the
excluding
$561,364,160
the
for
income
refunded.
income
facturing
business,
excluding
inborn- .'rom
investments
but
providing for necessary reserves as well as income and excess
business,
Remainder
Net
ChairmaiiA.at
called
1943
a
159,
Co.,
the
year
p.
447.
Akron,
annual
"of
Ohio—Output
meeting
of stockhniders
record-breaking
accomplish¬
Goodyear.
"The
volume of
$760,491,044,-Which
our
was
war
an
production
indresse
of
le^hed
63%
a
over
total
1942
dollar
Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4269
"Compare the 1943 dollar volume with that of 1939, which was $200,and the remarkably increased tempo of production becomes
Huyler's—To Pay $2 Accumulated Dividend—
101,704,
impressive."
Previously Goodyear reported 1943 net profit of $21,479,048, before
renegotiation, against $14,370,911 for 1942, after renegotiation.
(See
even
V.
more
159,
"Of
record
1040.)
p.
of
lighted
The directors have declared
field of synthetic rubber.
in the
1943
by
'
.
significance," said Mr. Litchfield,
the
completion
of
large
three
•
This record
was
share.—V.
GroSs from
Net
from
Net ry.
—
Funded
debt
Canadian
Consolidated
Earnings per
Notes—In
tained
net
operating profit—
share
sale,
during
losses,
1943,
largely
provided
for
prior
in
approximately $169,000, or 43 cents per share
provision otherwise required for such taxes.
because
and
1942
in
been
have
United
such
taxes
taxes
provided
by
offset taxable
payable, the amount of such taxes would
$228,000, or 58 cents per' share of common
Gross
from
Net
from
Net
ry.
railway
\
1941
$2,678,000
$2,129,000
676,888
844,572
351,353
Net
485,055
636,398
125,519
538,131
income
from
ry.
5,888,000
5,487,000
4,518,000
4,696,057
1,465,313
1,734,848
809,192
1,405,111
948,892
1,333,905
370,333
925,600
income
oper.
Northern
Ry.—Earnings—
February—
Gross
Net
ry.
railway
railway
from
/
S.
Robins
Gross
1942
.
—V.
28
announced
"The
ry.
$1,330,485
$2,851,438
971,140
2,342,459
90,634
132,122
210,488
88,930
114,391
209,000
$20,936
$112,832
$89,491
6,813
4,949
12,848
Total
$117,781
$102,339
$235,557
income
deducts,
Miscell.
income
Total
—
1,948,043
3,201
5,802
42,508
84,528
$72,072
$12,009
$142,766
after
$5,718,270
2,280,526
764,020
1,426,195
1,062,934
42,846
1943
/
,
28,015,053
23,807,268
.
.
17,804,210
6,717,275
4,390,033
1,630,265
3,085,477
2,067,608
70,427
6,403./
fixed
Northern
RR.—To
Pay
Part
Ohio RR.
Gross
from
Net
from
Net
ry.
-Earnings-
railway
$2,898,481
railway
$3,116,483
$2,011,388
$1,599,166
898,100
1,245,085
563,690
401,034
243,241
Division,
Net
income—
oper.
ry.
—V. 159, p.
initial
$4
new
record
4,065,415
3,341,340
2,481,011
1,126,900
1,015,654
682,128
897,640
470,214
496,388
1147.
Houston
An
6,307,127
5,824,727
1,799,188
April
4,
1944,
and shall be
February—
from railway—
Net
of
Lighting & Power Co.—Initial Dividend—
preferred
April 15
of
66
stock,
cents
no
share has been declared on the
payable May 1 to holders of
1147.
per
value,
par
(see offering in V.
159, p. 936).—V. 159, p.
Hudson Bay Mining &
Smelting Co., Ltd.—Earnings—
Calendar Years—
revenue
♦Profit
for
—
share
per
1942
$24,893,139 $22,482,732
7,521,142
7,324,080
:
year
tEarnings
1943
.
$2.73
_™__
$2.66
8.1 %
is
operating costs, depreciation and income and excess profits
taxes, but without provision for depletion,
ton 2,757,973 shares of
capital stock outstanding.
Provision
$3,450,000
R.
were
H.
for
in
milled
stated,
in
income
on
preceding
1943,
1941.
totaled
points
compared
Ore reserves of
estimated
again,st
tons of ore
tons in 1942 and
as of Jan. 1, 19.43,
2,189,767
the company
dilution
with
1943,
that 2,291,628
out
with
in
$4,725,000
V
year.
President,
during
2,020,232 tons
he
taxes
the
Charming,
at
averaging
per ton, copper 2.50%, zinc 4.16%,, gold .085 ounces, and silver 1.25
ounces.
No program for development of additional ore reserves could
be completed during the
year, as all available man-power was required
for production.
.were
Production
pared with
of
in
copper
73,144,689
amounted to
1943
pounds
in
tons,
27,378,240
96,761,484 pounds,
com¬
zinc, 119,255,089 pounds, com¬
pared with 101,244,017 pounds; gold, 193,258 ounces, compared with
204,520 ounces, and silver, 3,150,582 ounces, compared with 3,191,572
ounces.
1942;
'■
-r
..
The balance sheet
provision
for
including
cash
as
of Dec.
depletion,
and
v-
31, 1943, shows earned surplus, withdut
$12,403,959, current assets of $21,373,212,
Government bonds totaling $12,906,733,
$3,101,181.—V. 159, p. 550.
V
of
Canadian
and current liabilities
of
Hudson & Manhattan RR. Co.—Income Statement—
Period End. February—
Gross
Oper.
oper.
1944—Month—1943
Operating income
$740,693
$1,517,233
$1,520,528
549,887
taxes
&
537,525
1,115,481
1,089,007
$192,110
___
Non-operating income
on
$401,751
$431,521
8,969
Deficit
♦Exclusive of interest on
17,938
18,272
$419,690
$449,793
139,320
109,071
270,741
209,117
224,533
$38,748
charges
adj. inc. bonds-
9,136
$212,304
135,269
104,558
♦Income
Int.
$203,168
$201,079
income
Gross
1944—2 Mos.—-1943
$741,997
revenue
expenses
$36,087
$60,168
$54,002
279.261
adjustment income bonds.—V. 159, p. 1252.
Illinois Central RR—Earnings of September—
Period End. February—
Railway
oper.
revenue.
Railway
oper.
expenses
Railway- tax
accruals—
Equip. & jt. facii rents
(net Dr)
_
1944—Month—1943
1944—2 Mos.—1943
$20,591,702 $19,350,701 $40,950,023 $39,708,898
13,188,463
12,273,822
26,606,920
25,379,594
4.406,729
3,022,241
8,505,174
6,104,091
355,915
470,937
770,452
1,099,373
received
and
This
oper.
Miscell.
deductions
—
$2,640,595
$3,583,701
$5,067,477
$7,125,840
93,265
income.
45,229
196,237
83,949
Dr2,424
Dr4,196
Dr9,303
1944
1S43
fixed
for
$2,731,436
charges
v"
-
$3,624,734
-
$5,254,411
$7,199,098
■
Interest, rent for leased
railroads
fixed
and
charges
V.-159, p.
-
.
providing
■
..
-
1,106,504
1,233,426
$1,624,932
is
ahead
$2,391,308
'
*
income
285,181
36,289
Net
14,876
for
Federal
income
1040.
and
—V.
railway—
4,741,302
159,
4,653,225
2,509,032
1,547,620
2,098,116
405,741
586,977
820,225
130,525
income
about
$4,729,839
,
profits
taxes.-
fiscal
were
to reduce the production
manu¬
of
the
of
fiscal
the
year.
fiscal
Moore, President,
International
hands of
the
by
year
Cost
72,479
System—Statement
need
be
not
presented
;
now.
System is
extensive
Exchange
investigation
Commission
liquidate
and
and
entered
dissolve.
a
was
in
substance
affirmed
at
values
be
to
by the Commission
approved
and
the
courts
to
the payment in full of the
debentures, and for the distribution of its
remaining assets to its stockholders in accordance with their respective
rights. It soon became apparent, however* that any early disposition
of
its
kind
assets
by
would not
stock
common
the
company
be feasible.
of
New
either
through
sale
or
distribution
The company's principal assets
England
■
in
them
Furthermore,
at
this
consist of
Power
time
is not
feasible.
/'
--
7—
have asserted
claims and instituted derivative lawsuits against International Paper
Co. on behalf of the company which involve all of its principal assets
and which if valid might entitle the company to rescind the transac¬
tions by which those assets were acquired.
Under these circumstances the company was unable to comply with
the Commission's order for liquidation within the year permitted by
the Act or to propose any method of prompt compliance even if an
extension
of
time were allowed.
It accordingly withdrew the plan
which
it
had
certain
filed
shareholders
and
notified
the
of
the
company
Commission
that
it
would
not
applied to the U. S. District Court in
liquidation order as authorized by the
public hearing the court on Oct
11, 1943,
entered an interlocutory decree, among other things (a) taking exclu¬
sive jurisdiction of the company and its assets wherever located and
(b) enjoining all debenture holders, stockholders and others from
taking any action interfering with these proceedings or with the en¬
forcement I of the Commission's order.
Under the provisions of this
decree the company is'continuing to conduct its business through its
directors, officers and agents, subject to the further, orders and decrees
Massachusetts
After
of the
of
to
enforce
notice
court.
and
the
a
.
From the foregoing facts it is obvious that payment of the principal
the debentures must be deferred.
The company's directors feel,
however, that pending final settlement interest on the debentures should
be paid to the extent, that the company has cash available therefor
on
the
April 1
•
early to say anything definite about subsequent instalments
prior to Oct.
31.
as
of Dec. 31, 1943, was
$4^48,224, or $8.26
compared with net assets of $3,340,987,
1942.—V. 159, p. 351.
or
•
.
23,076,565
29,012,736
38,195,334
34,403,129
7,314,352
7,259,393
6,707,742
1,000,000
$6.82
a
share
2,250,000
22,954,969
46,136,618
52,235,313
47,285,640
939,697
2,275,554
4,123,962
■
cos.
*
■
^
1
'
3,679,021
'
'
to
"
'
'
•
"
*
■
3,559,651
'
withheld at
3,710,749
4,036,471
3,446,673
pension
Dr2,608,310 Drl,536,743 Dr2,602,115 Drl,910,617
of
foreign subsid.____
Miscellaneous charges Dr
Misc.
Crl01,960
Dr800,000
11,503
107,491
458,639
155,536
607,421
946,753
237,835
182,091
51,823,154
§17,421,008
28,077,231
34,402,146
22,926,110
______
credits
Income from oper. be¬
fore prov. for Fed.
'
V"
!
income tax —48,742,944
57,626,095
for Fed. inc. tax §24,550,000 §30,879,543
Prov.
Net
inc.- from
Other chgs.
•
24,192,944
opers._
26,746,552
Dr3,000,000
reserve
Dr2,000,000
^Excess of
reserve___
■"Reduction
of
Net
1,082,442
—
reserve
1,500,000
income-
Surp.
5,151,121
& credits:
Prov. for inw, res.___
Prov. for for'n invest.
150,000
25,692,944
98,168,721
235,000
30,634,588
26,746,552
of year 107,385,102
at begin,
23,161,110
86,411,443
86,207,074
133,078,046 124,915,273 117,046,031
5,717,068
5,717,068
5,717,068
10,.613,109
10,613,103
13,160,242
109.368,184
<c
.
Total
—
—_
Pfd. divs. at $7 per shr.
Common divs.
________
Surplus
adjustments™
Earns,
per
sh.
""For losses
on
on
of
associated
company
$4,750,000 in
$4.70
com.
receivables
receivables
5,717,068
10,188,568
1,200,000
7,051,105
•Surpl. at end of year. 116,747,869 107,385,102
prior years).
sold
98,168,721
86,411,443
$5.87
$4.11
$4.95
(estimated
excess
of
reserve
applicable to
tPreviously piovided for investment in
in
1941.
§Includes
•
excess
profits
tax
an
of
1941,
$16,903,785 in 1942 and $11,880,000 in 1943 (after
deducting post-war refund of $250,000 in 1942 and $1,320,000 in 1943.)
Balance
Sheet, Dec.
31
1943
United
1
States
'
'
1942
51,485,640
Assets—
26,928,958
23,345,240
••
Treasury tax notes
35,000,000
'
States Government obligations—.
87,172,693 111,326,515
Other marketable securities
Net
34,630
receivables.™.
'•■Land,
in
machinery,
92,238,531
97,842,543
51,778,230
etc
50,396,878
!
2,220,646
Deferred charges
Total
equipment,
subsidiaries
tother assets
78,226,271
142,151,208 125,943,839
—
building,
Investment
617,125
71,890,128
I
Inventories
-
payrolls,
*
etc
40,594,682
(Federal, State, etc.).™
Pfd. stock div.
31,048,499
40,873,019
Accrued taxes
43,322,481
decl. in Oct., payable in Dec
stock
for
div.
decl. in
1,429,267
Nov.
extension
stock
72,645
314,823
414,382
658,722
1,115,953
5,915.949
conting
($100 par)
2,613,424
25,000,000
22,111,899
20,000,000
,t_
2,666,861
22,111,899
:
20,000,000
81,672,400
81,672,400
169,828,360 169,828,600
surplus
116,747,869 107,385,102
Total
....
reserve
2,122,621
25,000,000
stock
♦Less
2,122,621
2,122,623
"
'
inventory™
'
foreign investment..
Reserve for post-war rehabil. and
1,429,267
2,122,623
/ 1,346,807
8,415,949
special maintenance
Reserve for development and
Reserve for fire insurance..
Earned
1,134,505
535,419,386 516,662,361
__—
Liabilities—
Com.
900,487
1,447,680
,
Current invoices,
§ Common
International Mining: Corp.—Asset Value—
as
$
.
re¬
fund trustee
for
Dec.
on
Reserve
interfering with-,the Commission and court proceedings, and
petition the court has approved payment of the
stock outstanding
1940
'
$
423,059,148 339,079,630 334,371,436 248,028,605
24,975,893
25,446,970
30,263,622
26,653,794
___
Contributed
Reserve
on
1941
company's
1, 1944, and ask approval of such payment
the facts then appear to warrant.—7. 159, p. 1252.
share,
.
..
Prov. for guar. bk. loan
for
a
$
.
receivables,
(less tax,
Reserve
common
-
1942
instalment.
again
"it
(Excluding Sub. Cos.)
__
on
court
as
,k:
31
payable in Dec.__
Com. stock div. decl. in Nov., payable in Jan.
Accounts payable to subsidiary companies
tDeferred credits
1
!
l._
It is too
said,
6,246,669
Other United
request' an extension of time.
Thereupon the Commission
Act.
McCormick
-
,™_™
losses
source)
in
Association, common stock of
Gatineau Power Co., and common stock and debt of two New York
operating companies.
New
England Power Association is itself, a
registered holding company and a part of a complex holding company
system which is now in process of comprehensive reorganization under
the Holding Company Act, and the investment therein cannot be dis¬
posed of until that reorganization is effected.
The stock of Gatineau
Power Co. may be regarded as a marketable security, but existing cir¬
cumstances would render its valuation at this time unduly difficult.
The New York companies are involved in complications under both
State and Federal public utility laws and regulations,
and likewise
are in process of
reorganization, and any disposition of the company's
investment
\
:
,
year,"
>
~
on
appeal to the Sixth Circuit Court of Appeals and has become final.
In response to that order the company submitted to the Commission
a
plan of liquidation providihg for the application of its assets in
kind
taxes,
was
_______
securities, etc.
Div£"rec. from sub.
hearings, the Securities and
order requiring
the company to
order
That
cos.______
exps
for
Interest
public
an
the
fiscal
$
Net income from sales
,..
registered holding company
subject to the provision of the Public Utility Holding Company Act of
1935.
On July 21, 1942, acting under the authority of that Act and
after
profits
59,150, an increase
end of the fiscal year, the
Ended Oct.
ceivables
April
1, 1944.
The company has
no
other debt except
comparatively minor current liabilities amply
covered by current income.
The debenture interest has been regularly
paid when due.
The final coupon due April 1 should be detached and
presented in the usual way.
For the reasons set forth below, however,
the principal is not being paid at this time and so the debentures them¬
selves
excess
448,035,041 364,526,600 364,635,058 274,682,399
goods sold—1_ 372,575,189 275,964,199 270,894,691 208,366,559
coll., admin. &
of
Prov.
due
mature ,on
1943
year
1943,
1944
dropped
largest single
The
and
-
Depreciation
Re¬
System now has outstanding in the
public $26,568,000 principal amount of its 6% debentures
terms
1943.
taxes
$24,550,000.
users
S
Total
331,548
Hydro-Electric
their
in
income
to
total
1,962,501
v
April 1, 1944 — Irwin L.
March 20 stated, in part:
on
31,
the
...
and
subsid.
gen.
Debentures
Federal
its
70,400.
was
Account Years
dealers
Selling,
Hydro-Electric
income,
war and, in
consequence, the rate and nature
If the company's war production continues through
level now planned, our 1944 sales volume will bo
the
Preferred
$3,048,874
the
in
operations
reports.
of the
course
in the U.
936.
p.
International
2,469,259
excess
our
McCormick
$34,444,000
of
At Oct.
into
sales:
To
To
railway
reduced
larger than that of 1943."
138,869
f
2,205,537
basis
ordinarily difficult to forecast the results of operations.
because impending military campaigns
may profoundly
true
1944. at
$933,612
168,799
Corporation reports that the net asset value of its 489,973 shares of
♦Net income
♦After
-
..
other
__—__
of
a
on
implement production and asked
$30,880,000
employees
than
but it is hoped that substantial interest payments can be maintained,
and the directors expect to bring the matter to the attention of the
."..V"
business
phases of
1943
$1,192,254
1,011,418
371,155
oper.
that
1941
1942
$2,287,553
757,033
from
from
Net ry.
Drl0,691
'
available
Income
enactment
■-
1942- to
is
from
of war production.
ac¬
$2,359,184
oper.
without
Net ry.
Other income
all
Mr.
v
in
bill
1942.-
over
of
more
.
♦After
company's
our
which
notice,"
the. company's
tax
"Looking
affect the
railway—
from
International Hydro-Electric
Gross
of
declined
number
Court Order said payment is to be made to said
after
and
on
Gross
which
dividend
to
Average employment for the fiscal
cepted by them subject to the provisions and conditions of said Order,
J. P. Morgan & Co.
Incorporated, New York City, is paying agent.
garding 6%
January 1—
Gross from railway
Net from railway-
to
three very important circumstances affecting
first, our contract for large production of Army
\
in its
which
Eastern Judicial District of Missouri.
In pursuance of said
bondholders
218,113
From
about
extent
were:
$42,298,000
item
487,103
334,322
—.
income
oper.
1941
prior
October, and continued to rise after the end
implement production rose also and at end
increasing rapidly."
from
Payments equal to two six months' interest accumulations for periods
Jan. 1, 1935, and July 1, 1935, on first mortgage series A, B and
C bonds, in the aggregate amount of $1,610,000, has been authorized
by Order No. 2372, entered Sept. 18, 1943, of the U. S. District Court,
Net
1942
1943
1944
by
re¬
the
reflected
production
war
made
voluntary price
said,
entered, 1943,
Because
of
Accrued Interest—Guy A. Thompson, Trustee, in a no¬
tice to holders of first mortgage bonds series A, B and C,
on March 28 stated in part:
Gross
Gulf Mobile &
on
$15,418,000
of
he
Farm
From Jan. 1—
February—
the
a contract calling for the production of a large number
half-track vehicles;- and, third, the low levels to which the
govern¬
in
936.
InternationaLGreat
Net ry.
159, p. 936.
net
to
was
11,804.676
7,823,521
2,999,906
.
of
result
refunds,
of-carrying
due
was
"While this was being done, facilities in
many factories were re¬
arranged and materials and parts were gathered together for the
increase in farm implement production.
From only 50 tractors
a
day in March, 1943, production was raised to more than 200 daily
86,388
p.
refunds
the
announced
company,
without
steadily.
3,038
Dr$17,357
inc.
159,
by
as
said,
speed up that production.
"Not only was the huge task of
dismantling tank production facilities
carried out,
but the plant was converted to a new war job and
employees who had been hired to build tanks ended the year building
M-5 high-speed
tractors for the Field Artillery,
At the same time
production
of
half-tracks
and
other
war
products
went
forward
from
42,068
company
1942
facturers to
$225,493
—___
the
from
the margin of profit is low,
1943 business.
which
on
company's
These
increased the quotas for farm
275,535
213,694
charges-
__
fixed
—V.
v
of
before the year was half gone, the tank contract had been
terminated completely,
the half-track
schedules
had
been
greatly
scaled down and, on the other hand, the government had
substantially
$2,662,765
-
or 66.4%, repre¬
paid employees was
"Yet,
10,064
$27,749
income
oper.
the
of
McCormick
ment had ordered us and other manufacturers
of farm equipment.
1,187,695
Other income
the
products;
change
we
Mr.
affected, also,
the government
the
was
operations
tanks; second,
of
1544—2 Mos.—1943
$1,388,195
Equip. & jt< facii, rents
$297,499,000,
profits.
our
-Income Account-
expenses
accruals
of
outstanding fact
to
"As
election
income,
legislation^
moderate
subject
Secretary to succeed the late Thomas
V. 157, p. 1944.
/
1944—Month—1943
amount
Total compensation
of war products,
to
renegotiation
of
187,935
the
this
was
continuing policy
978,105
334,899
Assistant
an
as
March
on
net
war
Income
income—
oper.
230,767
Of
products.
two-thirds
Earnings for February and Year to Date
railway
railways
from
ry.
1,185,838
436,504
252,126
revenues
oper.
tax-
1941
$8,673,323
1,693,259
.
from
Net
President,
February-
From Jan. 1—
Net
238,392
159, p. 737;
oper.
Eastern
3,163,724
$14,497,315 $11,896,057
.
income—
oper.
•
4,393,238
1944
from
Net
619,083
ended
159, p. 841.
Great
1,450,900
780,819
sales
company
ductions
on
•Vv''
,•
Diemand,
Railway
742,718
railway
Net from railway
r—V.
1,789,734
in
income
the
$2,331,540
From Jan. 1—
Gross
99,231
income—"i
war
''
that
Net
171,426
railway-
of
represented
$477,307
126,450
charges
1942
$2,887,000
railway
oper.
1943
$567,573
213,915
Railway
RR.—Earnings—
1944
1941''
1942
.
118,304
A.
Net
Grand Trunk Western
1943
$713,422
305,488
railway—
Railway
in¬
/;
sales
The/decline
99,663
oper.
Net
necessary in
through" surplus
been
February—
i
the
was
for
sented
$166,911,000,, up $36,000,000 from 1942. Net income
for
19431, was $25,692,944, a decrease of $1,053,608
'
•
income
on
disposals
stock,
together with other items,
approximately
159, p. 936.
stock.—V.
States
plant
on
prior years,
Had
come.
for
losses
•
.
.
deduction
No
1942
reduced
common
of
years,
2046.
376,570
Period End.
income, losses sus¬
not required in the
from taxable in¬
on
report to stockholders.
each,
fact
Indiana Harbor Belt RR.
$1.71
deductible
are
$1
25,
income—.
Cass.—V.
$822,894
$1.23
of two properties
operations
of R.
F.
$605,589
__
from
John
95,921
computing the United States taxes
manufacturing
These
come.
surtax—
1732,
June
1944,. amounted to $2.83
Indemnity Insurance Co. of North America—Ass't Sec.
Stated
prof-
excess
and
tax
common
the
on
company's
normal
1348,
and
25
1,
year-1943
Not
47,699}-
(subsidiary), income and
its taxes and U. S.
,
1278,
p.
Feb.
at April
as
railway.*.——
Gross.from
*
196,876|
_____
follows:
as
1944
1942
$946,085)
charges—
158,
—v. 159, p. 936.
1943
were
Arrearages
railway—$874,368
oper.
Net ry;
Gotham Hosiery Co., Inc.—Report for 1943
v;
Company, with 1943 sales of $448,035,000 had the largest sale3 vol¬
in its history. Fowler
McCormick, President, reports in the annual
ume
first
From Jan. 1—
Net
'v,a,
year
$1.43.
February--
and
.
participating
Illinois Terminal RR.—Earnings—
into
Goodyear-operated-synthetic rubber factories
Akron, Los Angeles and Houston, Tex., have a minimum theoretical
capacity of 150,000 tons per year, it was stated.
: y
Since 1941 the company has spent $137,000,000 for plant construction
and new equipment, Mr. Litchfield added.—V, 159, p. 1251.
Calendar Years—■
convertible
income.
in
Earnings of corporation and subsidiaries™-™
Depreciation
last
and Nov.-1,
per
high¬
cumulative
preferred stock, par $1, payable May 1 to holders of record April 15.
..Payments
plants,
organization of the personnel to operate them, and bringing them
actual production."
Government-owned
j1
■l
"was the Goodyear
polymerization
new
accumulations;, on .the-$2
International Harvester Co.—Annual
Report—
dividend of $2 per share on account of
a
•
profound
1353
for
depreciation
of
535.419.386
$120,656,330
in
1943
516.662,361
and
$116,-
.•
bank
retire
1;943
——
goods sold—
——•
General & admin., selling, etc., exps
Cost
of
—
Depreciation and depletion——
Taxes (other than Federal income).
$10,195,471
—
etc..
sales, less discounts,
Gross
4,47!'^o
2,457,033
558,498
324,992
—:
——
Gross
profit
540,570
289,592
f
Total
amortization
deductions —-————-•
and
Miscellaneous
Income
tax and
"Excess
profits
operations
contingencies
for
*Adjustments
Write-off
of
Total
Earned
28,872
1,953,222
$2,785,236
$2,456,372
600,000
credit
and
1943
in
losses, depreciation, etc., taken in prior
of adjustments made by tax authorities.
property
for
restored because
now
share
the
and
(trade)1,119,251
1,148,843
878,866
72,701
757,406
Properties and plants (net)
—9,677,619
deposits & unexpired premiums, etc——
91,800
bal. of premium on bonds, etc—
91,140
Post-war refund of excess profits tax
—_
59,721
9,825,760
1
1
81
Accounts receivable
Inventories
—
.
——
———
Investments in real estate mtges., etc
Trade
etc.
brands,
.
«.
Total
116,659
——
Accrued
F.
and
dividends
36,777
115,783
657,315
360,404
1,756
from
Net
ry.
36,279
Net
312,500
250,000
Net
Capital stock (240,000 no par shares)——
Capital surplus __
7,980,000
7,980,000
32,704
2,185,236
1,976,372
Total
surplus
....
......
—
allowance
"Less
*
for doubtful accounts
of $27,500 in
tAfter
1942.
deducting
U.
interest of $1,005,400 in
accrued
S.
City—Registers With SEC—
$34,514
*64,263
*68,695
*80,369
income—
oper,
1943
$39,968
railway—.
*84,695
$39,473 >
*53,066 :
*71,583
•
mercial
a
Vice-President.—V.
159,
79,067
74,052
.76,011
*134,068
*117,947
♦169,662 :*
♦1661940 !; "*155,921
Month
profit before taxes
Reserve
for income
taxes—.........
Net
profit after taxes—
Per
share
—V.
>
...iJt'.l
milled
ore
production
4'.
1
l/y.'
"
referred to
and
tors
Operating
Federal
$897,195
...
Prop.
ret.
Amort,
it
Net
Other
oper.
Gross
Net
$7,874,001
3,143,443
1,776,133
1,005,175
54,047
597,309
568,964
Consolidated
66,667
824,000
754,167
Earnings
2,265
Cr640
3.640
$219,371
$178,907
$2,299,741
$2,398,612
932
439
11,716
6,693
(net)
$179,346
$2,311,457
79,374
961,310
income
$1,350,147
520,784
$829,363
Gulf
&
from
Net
from
Net
ry.
Gross
from
Net
from
Net
ry.
—V.
1941
$370,821
$192,505
$191,798
200,731
228,504
91,987
111,364
84,946
115,653
38,203
73,896
1—
railway
686,897
income—
700,255
423,448
404,754
395,585
203,675
232,072
162,575
214,341
94,657
156,134
159, p. 936.
Lehigh
Drug Co.—Registers With SEC—
with respect to
March 23
an
filed
a
registration
statement- with
issue of $1,500,000 15-year 4%
SEC
sinking fund deben-
share
a
Den
M.
Nelson
F.
the
of
Arma
Burgess,
succeeded
Clay
Large—
reached
$46,000,000
direct
last
indirect
and
despite
June,
in
orders
war
large
some
months,
recent
change
taken
had
place
composition
its
in
since
said
sales
to
1943. amounted
for
J
plus $14,-
$73,000,000,
for the ordnance
$1.39
$0.93
.
in
securities
to
The
1943
5,254,944 tons,
Coal
or
V. White,
March
held
28
owned
$7,728,654,
ratio
than
Co.,
more
2
of
to
or
current
by
the
$2,208,939
assets
to
company
more
as
than
current liabil¬
Inc.,
1.
amounted
than twice the
President,
that
1943
•
-
and
•
profits
excess
profit
Earnings
6%
Y " 1942
532,920
share
per
-
shs,
52,000
on
$304,204
$353,819
taxes
.
of
$25
par
$5.85
stock—
preferred
consolidated
•
$1,118,819
250,000
515,000
$6.80
Lipton,
Inc., Thomas J. Lipton, Ltd. (Canada), and Continental Foods, Inc.
Although tea sales continued to be restricted by Government order,
soup volume expanded substantially with the result that sales exceeded
those of 1942 by 23.5%,
according to R. B. Smallwood, President.
This gain in volume, however, was not reflected in increasing earnings
because of rising soup ingredient costs which seriously reduced gross
profit margin on that product.
y v-.;',..,
The dehydration plant at Albion, N. Y., which was completed in
the latter part of 1942, has been operating 24 hours a day producing
dried soup mixes almost exclusively for the Army and Lend-Lease.
These
dehydrated foods
greatly conserve
shipping space, and the
output of this plant has made a substantial contribution to the war
effort.
y"' "I
7y
vY.:.y':''..'y
"yY:;'Y
"As explained in our report a year ago," Mr. Smallwood continued,
"tea sales were limited by Government order to 50% of 1941 volume
beginning March 27, 1942. As of July 1, 1943 the quota was increased'
to 60%, and on Oct. 1,
1943 to 75%—where it now stands.
It is
hoped that as the shipping situation eases, further increases in our
sales allotment will be granted by the War Food Administration.
"Current assets at Dec. 31, 1943 totaled $5,017,783 as against current
liabilities of $2,154,367, a ratio of 2.3 to 1. Regular dividends of $1.50
a
share were paid on the preferred stock during the year, but no
dividend was paid on the class A stock.
Consolidated earned surplus
increased $226,204."—V.
157, p. 555.
report
reflects
of
operations
Loose-Wiles Biscuit Co.—Sales
Sales
a
year
said
ing.—V.
the
in
far
so
of
because
on
the
ago Hanford
March 27.
of
rate
Thomas
J.
158,
p,
Gain—
running about
are
President,
Main,
stated
8%
at
the
10%
annual
to
this year is smaller than a year ago
materials, labor and paper for packag¬
increase
limitations
of
quarter
current
on
raw
2470.
-
.
as
Funded debt was reduced
than 8% of the total during the year.
coal
by. the
company's
wholly-owned
subsidiary*
better
of
-
"
.
Los Angeles
'
,
.
.1
•
.
;
•
'
'
•
-•
...
'
,
,
I
Railway Corp.—Earnings—
Month of January—
liabiliites.
Navigation
Lipton, Inc.—Earnings Lower—7
1944
1943
$1,702,214
315,223
$1,570,740
939,074
134,091
282,180
$176,523
$215,395
.
Government
amounted
slightly
to
4,092,675
tons
as
Operating
amount produced in
1938.
his
in
told stockholders at the annual meeting
1944 would prove to be the best
for the company in a long time.
He said that although he did
not have figures available, the results for the first two months of 1944
were better than for the first two months of
1943.
1,054,583
155,886
Depreciation
"Taxes
—
Operating income
—
67
37
$176,590
$215,432
' 65,240
Miscellaneous income
Gross
Interest
Net
opinion
revenue
Operating expenses
income
on
funded debt_
44,231
;
income
"Includes
V.
—
159,
p.
$200,000
income
tax
for
1944
$150,192
$132,360
^
and
$183,500
for
1943.—*
738.
year
White
predicted
recovery
by the anthracite industry during the
large part of the markets lost to fuel oil and
other gas and liquid fuels since 1920.
"Our production last year was more than one-third better than the
year before, and in the last five years
our output of coal increased
next few
yesrs
than
of
has
very
Louisiana & Arkansas Ry.—Earnings—
February—
Gross
Net
Net
—V.
to the attention of stockholders the
in
the company's funded
debt during
railway—
railway—
oper.
income—
1944
$1,576,946
1S43
$1,608,712
1942
,$953,300
1941
$721,069
571,401
702,523
376,721
287,380
169,781
190,099
183,053
152,560
3,390,643
1,411,877
3,235,779
1,422,211
1,873,679
695,986
1,508,341
616,813
384,404
421,695
358,946
326,231
From Jan. 1—
Gross
reduction which
the past five
effected
from
from
Net ryl
and the steady appreciation in the value of the company's secur¬
been
years
a
112#," Mr. White added.
Mr. White called
the
,
total
Carter
Net
Earnings Gain—Outlook Good—
more
Katz
Company on
of
considerable
Income
compared with 65
Dividends have been paid by the company in
cents
1881.
S.
1943,
was
Mr.
382,450
railway
oper.
1942
income
From January
U.
31,
*1942
$1,792,320
1943
;
...——
90
1942.
,since
and
Dec.
Robert
1943
$355,640
railway
oper.
Ry.—Earnings—
1944
railway
share in
current
to
and
Nelson
Calendar Years—
compared with 3,057,845 tons in the preceding year, an increase of
33.8%.
Total production from the parent company's lands amounted
$980,662
-
elected—Robert
were
Y.,
Mr.
of
meeting held
$2,689,964
'
share..
Production
_
final deter¬
of the board of directors that the
until some future date and a motion to
meeting."
See V. 158, p. 2470.
income.
$2,480,206 or more
842.
Kansas Oklahoma
net
totaled
ities
'
Gross
per
year
Cash
of
520,784
February—
a
every
$1,501,446
—
159, p.
cents
903,859
$140,900
$99,972
preferred stocks...
and for the first 27 days of March the
of 791 cars a day, the highest on
average
1943.
He
$2,405,305
79,403
an
opinion
further
Calendar Years—
total
$220,303
charges
no
Lehigh Coal & Navigation Co.—Earnings—
3,428,626
136,658
Dividends
revenues..
General
and
Carter,
a
ahead
66,667
income
Balance
the
125
Dividends applicable to
—V.
1944—12 Mos.—1943
limited-term
income
Interest
is
meeting be adjourned
290,199
approp.
res.
of
however,
date,
the
in
that effect will be made at such
57,566
investments
this
To
Government.
presented has as yet been made.
opinion of the directors and auditors makes it
impossible at the present time to prepare a statement which will fairly
reflect the financial condition of the company.
In view of the fore¬
212,144
taxes
upon this corporation.
Since that time this
receiving the constant attention of'our officers, direc¬
who have been in communication with the proper
the
of
341,322
expenses
taxes
Other
which had arisen in connection with a United
that it was not then possible to deter¬
thereof
"The situation
annual
$8,925,169
stockholders will be held at the corporation's
mination of the questions
-Earnings$728,743
$88,714
$94,428
counsel
officials
quarters a dividend of 25 cents per share was paid,
disbursed for the year 1943 of 85 cents.—V. 159, p. 1148.
revenues
y■
in U. S. currency.—V. 158, p. 2470,
the problems
effect
the
going
Operating
■
Corp. of Delaware—To Adjourn Meeting—
matter has been
A dividend" of 10 cents per share has been declared on the capital
stock, payable April 15 to holders of record March 31.
A distribution
amount was made on April 15, last year, while in each of the
1944—Month—1943
(subject to audit)
States Government contract and
of like
Kansas Gas & Electric Co.
charge of operation
Consol. net profit after deprec. & other charges
$987,124
Reserve for post-war adjustments—150,000
$541,893
office, 100 West 10th St., Wilmington, Del., on April 28, at 11:00 a. m.
(EWT).
Holders of record March 28 will be entitled to vote.
Carl F.
Dietz, President, announces that in connection with the
above, no request is being made on behalf of the management for any
proxy to vote at this meeting for the reasons hereafter stated.
He
added:
"In
our
letter to stockholders of Dec.
10, 1943, we
Investors Mutual, Inc.—10-Cent Distribution—
N.
(Thomas J.)
-
92,546
$550,447
8,554
and administrative costs._i.4_—320.045
and write-ofis of deferred development and depletion
—
—
133,134
mine
Period End. Jan. 31—
in
Vice-President
of
.
,
'
...
Lamson
corporation at present has no shares of 7% preferred stock
according to information filed with the SEC. The 19,144
1943, have been surrendered
redemption, the company reported.—V. 159, p. 1040.
a total
Vice-President
position
plant, or a grand total of $87,000,000, com-,,
pared with $62,000,000 in 1942.
He pointed out, however, that both
the 1943 figures are still subject to renegotiation.—V. 159, p. 1148.
•
charges....
marketing
The annual meeting of
$4.70
reported outstanding as of Jan. 31,
following
the
1943.;
Contracts not tied to the war effort increased to 36.9%
backlog on March 1, 1944, compared with 19.1% of the
total backlog in June, 1943.
y'-- .v-Y : *' yy ■' YY'^yy",' '
."'i
,
•
* '
:
(gross)——;,—
Note—All figures are
Interstate Department Stores, Inc.—Preferred Retired
three
elected
the
heavy,
directors
backlog
the
of
share has been declared, pay¬
22 cents per
Capital expend, and devel. of strategic metal deposits—--
The
making
of
Executive Vice-President
Sorrick of San Francisco,
Burgess replaced M. M. Baker, resigned.—V. 158, p. 2582.
This
outstanding,
for
months
company's present backlog of $44,000,000, exclusive of a backlog,
for Link Belt Ordnance Co., is not much less than the
June,
Ltd.—Initial Dividend—Earnings—
Operating
159, p. 448.
shares
like
■
Reserve for depreciation
602,391
$0.46
...
com¬
decrease of about $600,000 a
April 24 to stockholders of record April 4.
Less
10 Mos.
58,684
....
128.000 shares.
on
this year the
freight rates and
in
'
been
and
continues
new
C.
said
159, p. 937.
distribution of
initial
Metal
$2,628,525 $18,780,278
212,625
2,182,212
153,941
1,579,821
_
decrease
the
President of the company, told stockholders at the
annual meeting held on March 28,
•• . v
Describing the company's backlog as of March 1, 1944, Mr. Carter
60,346
.
Report for the Quarter Ended Dec. .31, 1943"
Corp.—Earnings-
Period Ended Feb. 29, 1944—
Net
first five months of
159, p. 937.
cancellations
,♦128,162
income—
Estimated net profit
Interstate Aircraft & Engineering
,
$10,000,000
W.
*87,870
Deficit.-r-V.
Tons
638.
p.
1943,
,
charges, according to R. W.
the company reported gross of
$738,728.
the
would reflect
Tourneau.
peak
$29,417
*44,773
*64,324
*132,878
oper.
ry.
able
V.-P.
Gantt, formerly Vice-President of the United States Com¬
Corp. in charge of communications division, has been appointed
.
;
estimated at $7,800,000, and *■■■
were
and
Link-Belt Co.—Backlogs
of
railway.—
at
A.
1944,
.taxes
March,
for
gateway handled
and Mr.
1941
railway——
from
La Luz Mines,
1943 and $742,036 in 1942.
International Telephone & Telegraph Corp.—New
after
income
has
Brooklyn,
Le
The
'1942
1944
Net
Rcbert
'
class.
Gerard
Two
Corp.,
of
/?''oy:'.Y;
vY.'Y./Y:'
yy-y.-:ry■
578.
p.
177,800
The directors on March 29 announced that publication of the com¬
pany's annual report would be delayed, pending renegotiation of Gov¬
ernment
contracts.
The
company
makes heavy grading and dirtmoving equipment.
March 24 filed a registration statement with the
5% sinking fund notes, due March 1, 1954.
on
railway
from
An
1943 and $35,533
notes
tax
Treasury
258,613
(R. G.) Le Tourneau, Inc.—Annual Report Held Up—
Mr.
cost and
tOf which
$1,204,558 is not available for dividends on capital stock under terms
of the indenture for 12-year 3(4%
sinking fund debentures.—V. 158,
in
profits
000,000
$14,141,098 $13,783,314
-
881
261,195
196,124
814,778
;.
289,734
184,400
•
32,704
JEarned
Reserve
—___
930,396
366,380
215,216
March,
that
maintenance,
record.—V.
From Jan. 1—
Gross
2,800,000
—
deferredfor contingencies
income,
1,045,283
For
net
said
business
Oil
Superior & Ishpeming RR.—Earnings—
from
Net
35,756
Rental
President.
Buffalo
$500,000
February—
Gross
2,500,000
indebtedness
Bond
155,2*6
106,425
Gerard, has been abolished.
Mr.
Brown
added
the company still had 900 coal cars on order
which were being delivered at the average .rate of about 20 a day.
quarterly
■
Lake
1,740
1
interest—,;—
bond
$193,256
72,830
for
$375,000
and
f
..
-
revenues
R.
and
Securities
2046.
P.
116,158
pay
Unclaimed
34,436
$246,843
payable (trade)
I—
rolls, etc
—
Accrued taxes, other than Fed. income taxes..
fProv. for Fed. income & excess profits taxes.
Accounts
165,433
102,616
124,528
income—
Brown
excess
Co., Joliet, 111., underwriter.
'
Net proceeds will be applied as follows:
To redemption of $243,600
5% sinking fund notes, due May 1. 1952, at 100, $243,600; to renewal
of. equipment, etc., $75,000; for working capital, $74,295, and for post¬
war expansion, $80,000.
Offering price to public will (je $100.—V. 157,
vYy"'
;',4YV
Liabilities—
211,303
,;
,
1941
$331,080
113,737
85,452
1942
$433,117
The
company did not begin to accrue for wage increases in the non-operat¬
ing group until June and for the operating group in November, 1943.
Also, he pointed out, the company is now accruing taxes at a 55%
rate, as compared' with- 43% in 1943, the company now being in the
participating
company
covering
Illinois
$14,141,098 $13,783,314
—
-—
The
SEC
68,558
Insur.
it
Power,
-
1943
$493,095
increase in wages which would result in a
month
before
taxes, as compared with
Participating Dividend—
Kline Brothers Co., N. Y.
76,098
Unamortiz.
and
is complete
National
and refund
assets
1944
Two New Directors Elected—
210,411
bonds
U. S. Govt, and Dom. of Canada
of
assets
other
;; $561,371
railway.—
income
1734.
p.
$1,090,141
614,035
—
with
.
pany's operations
Paid Off
455,000
deposits
interest.
railway......
$7,670,148
declared
usual
and
cumulative
5,000
Time
of
plan
liquidation
the
the bonds
As of Dec. 1, 1943, there were outstanding
mortgage 4V2% bonds.—V. 159, p. 1287.
consolidated
oper.
Brown,
a
participating dividend of $1.75 per
dividend of $1.50 per share on the $6
preferred A stock, no par value, both
payable June 1 to holders of record May 10.
A participating dividend
of $1.90 per share was paid on this stock on June 1, last year.—V. 158,
have
directors
The
years
1942
1943
$1,530,964
deposits in banks and cash on hand--
of
along
159, p. 1148.
net
;;:v:'■'■■t'-
■
Kendall Co.—To Pay
Sheet, Dec. 31
Balance
Consolidated
Assets—
Demand
■
:
adding
bonds have
Manager, formerly held by Mr.
post-war refund in 1942.
tTo certain accounts for properties and
plants and related allowances for depreciation, depletion and amorti¬
zation;
101-
■p-
said
He
1944,
4V2%
Lehigh Valley RR.—Estimated March Earnings—
of Harvard
College on the Keith Memorial Theatre has been paid off by the
Memorial Corp, of Boston, the owner of the property, according to
papers filed in the Suffolk Registry of Deeds.
A r.ew mortgage for
$883,804.04 was given to the B. F. Keith Corp. of New York by the
owner.
This mortgage was assigned to the Old Colony Trust Co. and
A.
Stanley North as trustees.
("Boston News Bureau.")—V. 153,.
$1,976,372
$2.91
debt retirement and $25,285 post-war
credit for debt retirement and $34,436
for
$40,000
ry.
—V.
mortgage held by the President and fellows
A $1,000,000
480,000
$2,185,236
$2.94
surplus
$120,000
"Less
from
Gross
Keith Memorial Theatre Corp., Boston—Mtge.
$503,150
1,976,372
——-i—
from
Net
Mr.
$808,865
Earnings per common share.,——
refund
retire
Co.
share
assets
January 1—
Net
made for calling $1,300,000 of KeithAlbee-Orpheum Corp. preferred stock outstanding.See Keith Memorial Theatre Corp., below.—V. 153, p. 101.
91,773
income——
surplus
Gross
Arrangements have also been
13,615
dividends
Cash
to
end.
during
mortgage bonds, Mr. White said that he
suggestion.
He added that as soon
its
receives
from
From
loans.
surplus, beginning of year-
Earned
and
Co.,
the year's
place
this
Light
railway—
from railway.
ry. oper. income...
Net
414% notes
$810,000 held by New York
about $2,000,000 in various bank
Insurance
and its subsidiaries in the
at
taken
&
February—
Gross
by the Equitable Life Insurance Co.,
Life
has
Lehigh & New England RR.—Earnings—
will be used to refund $5,500,000
the sale
held
sub. merged during
taxes
Balance
Proceeds from
50,000
Crl80,377
property destroyed by fire in 1942
applicable to prior years
on
Income
$673,795
with
Power
these
use
lower rate
a
consolidated
complete accord
$15,860,000 of
income for the year
$13,839,388 and net
Q
consists of $453,300 $4.50 cumulative convertible pre¬
and 396,000 shares of common stock.-r—V. 156, p. 1953.
$9,500,000 121/2-year 3&% serial notes of its subsidiary,
the B. F. Keith Corp., to First National Bank of Boston.
of fixed
unamortized appreciation
of
at
was
Net
669,927
62,500
—-
———
of a wholly owned
assets
—
and
tax provision of $727,294, net
the preceding year, sales were
In
$28,404,000
at
reduction
reduction in the
31, 1938, of almost 20% of the outstanding funded (
obligations issued for railway equipment.
*
to a query by a stockholder as to a possible refunding
National
company
could
Keith Corp.—Notes Placed Privately—RadioKeith-Orpheum Corp. has arranged the private sale of
375,528
$7^4,603
——
—
Dec. 31, 1943, net sales were $17,043,545,
charges, except provision for income taxes,
the
.
(B. F.)
12,787
1,307,566
from
Income
Provision
•
....
response
in
the
$318,109.
was
Capitalization
113,520
5,948
——329,8b4
surtax.
* '
debt
the company's
as
$1,845,557
$2'4^4,j??Q
n^o
tax
all
After
$371,588.
ferred stock and
—
.
income
Interest
Loss
;
after
$1,098,882.
income
80,066
.84^32
—
——r—-
ended
year
Income
net
$1,765,491
^2,3ol'?oo
—————
income
'•
the
For
public stood
excluding
In
of
was
area,
Okla.
the
period since Dec.
debt,
type.
super-store
Sioux
was
Other
in the amount of $800,000, and the
company's general funds as additional
operates
company
the
of
additional
that $157,000 of the company's consolidated mortgage
been purchased
since Dec. 31, last, resulting in a
for other corporate purposes.
greater Kansas City
$8,873,633
3,945,915
2,332,064
that
a chain of drug stores which are generally
Of the 20 stores now operated, 13 are in the
three in St. Louis, Mo., and the others in
City and Des Moines, la.; St, Joseph, Mo., and Oklahoma City,
The
of
1942
the
to
added
be
working capital and
International Salt Co.—Earnings31—
outstanding
loans
will
balance
The total funded debt of the company
hands
retirement
lor post-war
Years Ended Dec.
ities.
be dated April 1, 1944.
A sinking fund will provide for the
of $100,000 of the debentures in each year, beginning in
1945.
The underwriting group is to be headed by A. G. Becker & Co.
Proceeds of the sale 'of the debentures are to be used in part to
to
tures,
tlncluding $1,570,000 in 1943 and $250,000 in 1942
refund of excess profits tax. XIncluding in 1942, $363,124
and in 1943, $363,024 representing accumulated net gains from trans¬
actions
in the company's capital
stock, principally in prior years,
SIssued 4,409,185 no par shares, less in treasury 163,470 shares ill
1942 and 163,476 shares in 1943,—V. 159, p. 351.
1942,
in
007,702
Monday, April 3, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1354
from
from
Net ry.
railway—>
railway
oper.
income
159, p. 937.
Volume
159
THE COMMERCIAL & FINANCIAL
Number 4269
for
Louisiana Power & Light Co.—Earnings—
Period End. February-
Operating
Oper.
direct
Federal
$1,107,255
revenues
tqxes__.__
.
,$976,566 $12,669,058 $10,507,580
'577,258
432,039
152,712
taxes
132,626
67,658
135,353
64,984
108,000
$173,674
$188,917
$2,071,088
1,698
108
141
$175,372
$189,025
755,704
1,163,997
766,690
1,290,429
$2,071,229
—
Net
revenues_r__
oper.
approp.—
Other.income (net)—_ /
Gross
income
Interest
—
charges
employees.
Our
that gpal."
on
1355
the .bonds
(a)
930,554
1
<
Net
1943
Cost
""
'
•
.
sales
■
'
:
—,
sales_
of
1942
'
$
1
:
On May
24,273
______
$2,237,748
79,562
1,219,776
947,518
$74,532
$109,463
$851,453
77,989,981
Fed. and State inc. taxes
1940
(b)
$
$
67,237,689
30,663,337
55,025,991
21,595,950
«
Res. for contingencies-.
356.532
12,211,698
583,720
7,000,000
9.067.387
6,980,330
541,781
3,020,500
J3r622,398
5,773,149
$5.24
37,119,707
27,668,840
207,942
59,136,117 '
credits (net)—
Income
$1,290,230
356,532
Operating income—
nec¬
1944, entire $36,000,000 issue of first mtge. '
4% series due 1963, at 104, which (excl. of
to redemption date)
will require
$37,440,000
On May 1, 1944, entire issue of $4,150,000 of 4% serial
notes, due Aug. 1, 1<944 to 1948, at respective re¬
demption prices, varying from
102%
to 100y2%,
which
(excl. of int. accrued to redemption date)
Will require
:
4,187,000
On June 1, 1944, the entire 20,000 outstanding shares
of 6% pfd. stk. of 1927 (par $100), at redemption
price of $110 per share, which (excl. of dividends
accrued to redemption date) will require
2,200,000
$2,213,475
.
funds if
1,
bonds,
int.
1941
$
.
632,163,870 337,556,000
554,173,889 300,436,293
—
and, preferred stock, together with treasury
the redemption of the following securities:
to
essary,
Condensed Income Statement for Calendar Years
■
100,840
—
The problems that will arise, we expect to
successfully as we are doing during war years
and
planning is based
■
Other
Prop. ret. res
resolutely
with the continued loyal support of our executives and
5,443,850
6,773,540
1,767,311
taxes
the post-war period.
face
1944—12 Mos.—1943
exclud-
expenses,
ing
1944—Month—1943
•
CHRONICLE
5,424,490
(c)
...
3,000,000
accrued
n
income
Net
Dividends
applicable to preferred stocks—
Balance
,
—v.
$494,921
159,
r:
12,437,583
share__
.■■■'.
6,658,809~"
$11.15
per
•
$6.01
$4.94
(incl.. $6,453,501
restricted to expenditures under con¬
with, or to repay an equivalent amount cf advances made by,
departments of the U, S. Government), $40,055,185; cash—for pur¬
chase of war savings bonds for employees (contra), $1,020,628; U. S.
Treasury tax savings notes due 1946 (at cost plus accrued int.), $25,tracts
MacAndrews & Forbes Co.—Special Offering—A spe¬
cial offering of 5,100 shares of common stock
(par $10)
was made on the New York Stock Exchange March 27
at
$26 V4
share with a commission of 75 cents byThe offering was completed in the
elapsed time of 21 minutes. There were 37 purchases
by 18 firms; 1,000 was the largest trade, 3 the smallest.—
V. 159, p. 287.
' ■
per
Reynolds
&
Co.
McCrory Stores Corp.—Debentures Called—
,
The
corporation
total
of
$125,000
1955,
1,
Bank
and interest.
102
at
&
has called for redemption as of May 1, 1944, a
of 15-year 3 Va % sinking fund debentures due April
Trust
Co.,
trustee,
Payment will be made at the Chemical
165 Broadway, New York, N. Y.—V. 159,
cost-plus-fixed-fee
McLellan Stores Co.—To Pay Quarterly
The
the
This
10.
Nov.
have
directors
on
common
compares
declared
with
a
quarterly
payable
stock,
40
cents
paid
Jan.
of
15
last,
31,
cents
20
per
cents
on
1943 —V. 159, p. 1041.
1943, and 40 cents on Jan. 30,
1,
on
of 15 Cents—
dividend
tc holders of record April
1
May
McQuay-Norris Mfg. Co.—Stock Split-Up—
The
stockholders
amendment
at
the
annual
meeting
on
losses
for
reserve
of
114,349
inventories (less
plant facilities
investments, $3,129,584; fixed fees retained by U. S. Government
under terms of cost-plus-fixed-fee contracts, $1,166,452; post-war re¬
fund of Federal excess profits tax of subsidiary, $665,500; U. S. Treas¬
ury tax savings notes due 1916 (at cost), $4,348,000; post-war refund
of Federal excess profits tax of parent company
when realized, $5,652,000; plant property and equipment (less reserves for depreciation
386;
and
amortization
of
$4,257,110), $6,426,402; patents
$1,078,285; total, $278,779,097.
charges,
(net),
159,
payable,
of $10
of no-par stock will be exchanged
par on the basis of three new shares
shares
Called—
C.—Bonds
D.
and
balance
outstanding
of
Carroll
has
;
E.
been
Underwood,
resigned from Zenith Radio
Assistant Treasurer.—V. 159, p. 937.
elected
Corp.,
recently
The
properties and operations of the company are divided into eight
districts, and one production and pipe line district.
The
eight distribution districts had an aggregate population in 1940
(estimated) of 2,344,700 of which 1,958,700 were in the Detroit District,
in the Grand Rapids District, 80,100 in the Muskegon Dis¬
226,100
trict, 46,400 in the Ann Arbor District, 10,300 in the Mt. Pleasant
District, 9,400 in the Greenville-Belding District, 8,700 in th? Luding¬
ton District, and 5,000 in th^'Big Rapids District.
The present esti¬
mated
aggregate population is 2,668,500
-are in the Detroit District.
250,000
Natural
Manhattan Bond Fund, Inc.—Extra Dividend—
directors
on
March
Son,
declared
23
an
extra
dividend
of
10
cents
per share and
share
and
an
ordinary distribution No. 23 amounting to 10 cents per
extraordinary distribution of 10 cents per share, all
payable April 15 to stockholders of record April 5.
An ordinary dis¬
tribution of like amount was paid on Jan. 15, this year.
During 1943 the company paid the following dividends:
Jan. 15,
10 cents quarterly and an extra of three cents; April 15,
11 cents
quarterly and an extra of three cents; July 15, 11 cents quarterly and
V seven cents extra, and Oct. 15, 10 cents quarterly and 15 cents extra.—
V.
359,
640.
p.
City-
Marcy
Proceeds
Co., trustee, 30 Broad St., New York,
N. Y., will until 3 p. m. on April 19, 1944, receive bids for the sale to
it of Marcy first mortgage leasehold 6% sinking fund gold bonds due
;Feb. 1, 1950, to an. amount sufficient to exhaust the sum of $25,351, at
''prices not to exceed par.
Notice of acceptance of tenders will be mailed by the trustee during
the 20-day period after April 19, 1944, and the bonds so accepted must
be received by it within 10 days after the date of acceptance by the
trustee.—V.. 157, p. 1745.
funds
letter to
a
annual
stockholders, which forms an integral part of the
report, Glenn L. Martin, President, discloses that sales for the
1943 showed an increase of approximately 100%
of
said,
represent
$632,163,870
actual
over
were
Martin
declared
by the company for 1943, Mr. Martin
deliveries of completed products except for the
points out that during 1943 dividends of $1.50 per share
in
June
and
for the
year amounting to $3,321,037.
During the year $161,946,920 was paid
for the services of its employees, compared with a payment of $117,722,062 In 1942.
In both years this was the largest single element of
cost.
A reserve for contingencies instituted in
1942 in the sum of
$3,000,000 was augmented by an additional $7,000,000 in 1943.
Commenting on the manpower situation, Mr. Martin added:
"During 1943, the company faced increasing manpower difficulties.
Selective Service took 8.366 men from the Baltimore plant alone.
At
the year end, there was a total of 18,000 Martin people in the Armed
Services.
Many more are to be inducted in 1944. We miss the aircraft
experience that these people had developed before their call to prms.
We have felt at times they were as necessary here in the production
of vital war products as on the battlefronts.
A great responsibility
is upon Martin employees, either here or in the Armed Services."
At the end of 1943, Mr. Martin revealed that women comprise 35%
of the working force and
added. "This percentage will undoubtedly
be greater by the end of this year."
Commenting on the outlook for the coming year, Mr. Martin 6aid:
"The program of our company for 1944 is also greatly augmented.
December,
total
are
ders,'
PBM-3
turrets.
into
continue
to
our
present
'Mariners,'
Letters
which
will
of
A-30
intent
require
for
production schedules
'Baltimores,'
additional
and
on
B-26
'Marau¬
power-operated, gun
contracts
have
been
Net
some
pointing out that
"the Navy has ordered 20 more to be completed by
These production models of the Mars will, he said,
added improvements.
Revealing that Martin power-operated gun-turret production in 1943
exceeded $40,000,000, he continued:
"We are the world's largest supplier of power-operated turrets. These
turrets are all of our own design.
The growth in turret orders is a
of
1945."
have many
•
justly merited stamp of approval on our advanced engineering de¬
signing."
Th report also deals at length with the development of "Marvinol,"
a new chem-elastic plastic with many of the characteristics of rubber
"and in some respects superior to rubber."
Mr. Martin ends his letter to the stockholders cn an optimistic tone:
"The many problems posed to us under the impact of war operation
seem to fluctuate almost daily in importance.
Each day they are met
with bold efforts at solution.
Material shortages, manpower diffi¬
culties, working capital needs, and expansion pains have each been
faced during 1943.
Production records for the year indicate they have
been met and overcome with increasing confidence.
"While
it
is
not
advisable
for qbvious reasons
to publish post-war
plans at this time, the management feels considerably encouraged in
regard to the future prospects of the aircraft industry, particularly
t>ver the long range.
We feel that company is in a superior position
.
has
Voit
been
made
states:
the
in
accounts,
$1.45
in process
are
costs and fee,
as
no provision for
the outcome is unpredictable
"Renegotiation of the company's 1942 business was completed during
the
past
have
Current
of
the
at
company
liabilities amounted
current
end
of
required.
was
end
the
the basis of such
business should
On
that
renegotiation of
earnings of that year."
the
on
assets
of
1943
;
totaled $6,519,000,
a net working
1943
$1,589,000, leaving
tc
Net working capital at the end of 1942 amounted
1943
had outstanding $1,568,000 first mort¬
159, p. 1288.
company
convertible sinking fund? bonds.r—V.
4]/2'/(.
gage
refund
no
believed
is
it
effect
no
while
and
year,
settlement
Metropolitan Playhouses, Inc.—Tenders Sought—
The
Central Hanover Bank
New York,
way,
receive
bids
amount
an
158,
corporate trustee, 70 Broad¬
(E. W.T.)
of
5%
debentures
exhaust
sale
the
sum
to
to
it
of
April 17,
on
due
1944
Feb.
$400,027,
1, 1945, to
at prices not
redemption price of the debentures, plus accrued interest.
1349.
p.
& Trust Co.,
will until 10 a. m.
Y„
the
sufficient
to exceed the
—V.
N.
for
Mt.
Pleasant,
chased
* :
Consolidated Gas Co.—Securities Offered—
Dillon, Read & Co. and associates on March 29 offered
$38,000,000 first mortgage bonds, 3%% series, due 1969,
at 106 *,4 and accrued interest.
The same group also of¬
fered
cumulative preferred stock
Others in the offering
group include Mellon Securities Cprp., Blyth & Co., Inc.,
The First Boston Corp., Glore, Forgan & Co., Harriman
Ripley & Co., Inc., Lehman Brothers, Smith, Barney &
Co., Union Securities Corp., Goldman, Sachs & Co., Kid¬
der, Peabody & Co., W. C. Langley & Co., Lazard Freres
& Co., Lee Higginson Corp., Shields & Co,, and Stone
& Webster and Blodget., Inc.
40,000
(par $100)
Both
issues
competitive
bonds
and
Only
&
bonds,
and
Inc.,
to
the
was
and
Read
Dillon,
The
27.
for
other bid
share.
a
awarded
March
102.5199
Co.,
4%%
$105.50
were
sale
one
Stuart
shares
at
winning
99.2577
associates
at
the
104.7799 for
were
stock.
entered
for
associates
each
of the
offered
headed by Otis & Co.,
for the preferred stock.
a
and
& Co.
prices
to
securities.
pay
Inc., and
group
104.2675
Halsey,
for
the
Allen & Co.,
bid
Capitalization, Giving Effect to Present Financing
Authorized
Outstanding
mtge. bonds,
3%%
series due
First
*
1969, due March 1, 1969———
4% fU cum. pfd. stk. (par $100)
stk.
"•These
(par
$14)
shares
■
owned
$38,000,000
40,000 shs.
*2,768,050 shs.
t
40.000 shs.
______
Com.
.
3,000,000 shs.
and
from
the
sale
and
of
record
shares were acquired by American Light & Trac¬
liquidation of its wholly owned subsidiaries, Amer¬
ican Michigan Pipe Line Co. and American. Production Co., which had
acquired such shares in connection with the transfer of their busi¬
nesses
such
should
the
and
shares
of
additional
upon
properties to {the company.
The ownership of the 2,768,050
by American Light & Traction Co. will permit the distribution
shares to
such
its
common
distribution
be
Stockholders
decided
upon
on
a
share
for
share
basis
in connection with present
authorized
unlimited.
ject to certain restrictions
Purpose—Company
as
Issuance
of
additional
bonds
sub¬
Rapids
districts,
from
produced
or
pur¬
gas.
operating revenues for
in the Detroit Dstrict.
gas
an
election
troit
by
1943
derived
was
portion
of
the
gas
for
industrial
majorities
held
April
on
1941,
7,
the
voters
of
the
City of De¬
of approximately three to one defeated proposals
charter to empower the City Lighting Commission
gas plant and
system and to construct or
acquire by condemnation public utility property used or useful for the
to
amend
to
maintain
the
city
municipal
a
of supplying
manufactured
of
names
natural
or
the
in
gas
principal
Detroit.
underwriters
principal amount of bonds and the numbers of shares
stock, which each has severally agreed to purchase, are
Name—
Almsteclt
of
as
and
the
preferred
follows:
.Bonds
Dillon, Read & Co._
A. C. Allyn & Co., Inc
Shares
$1,500,000
1,400
450.000
500
90,000
100
———.
Brothers
Auchincloss, Parker & Redpath
Bacon, Whipple & Co
Baker, Watts & Co.
140,000
100
230,000
•
100
140,000
„
200
140,000
90,000
100
Stearns
315,000
*300
A.
Becker
G.
William
Blyth
the sale of
&
&
Blair
Co.
Co.,
&
Co.,
&
Alex.
Inc.—:
Co
140,000
W.
&
&
Burr,
600
140,000
Inc._
Co._i
Equitable
Securities
Estabrook
Fahey,
&
&
First
of
500
90,000
Corp.—
100
200
550,000
Co
500
365,000
300
365,000
—v
;
Co
Boston
500
230,000
1
Co
Clark &
500
140,000
90,000
Merle-Smith—
Dillon
100
450,000
———
Co
&
Eastman,
The
500
Co—
Crouse, Bennett, Smith &
Curtiss, House & Co
First
180,000
680,000
_
&
McFawn
Dick
300
McCarty & Co., Inc
Republic Co., Inc.-'——_r_
Clark
Cray,
100
1,200
365,000
Campbell,
Central
E.
500"
1,350,000
Sons
&
100
450,000
Inc
Brown
300
90,000
Corp.__i__J__iri.u__l_i_'ii._L_
100
1,350,000
1,200
450,000
2,150
Michigan Corp.———J—.
Nolan & Co., Inc
Folger,
140,000
Glore, Forgan & Co
1,350,000
Goldman, Sachs & Co
900,000
Granbery, Marache & Lord140,000
Hallgarten & Co
•
315,000
Harriman Ripley & Co., Inc.-^i1,350,000
100
1,200
800
100
—
Harris,
Hall & Co.,
Inc
Noyes
Hornblower
W.
E.
The
Hutton
Johnston,
Kalman
W.
C.
Lemon
&
&
Co
\
140,000
90,000
100
800
100
900,000
Co
800
900,000
____________________
800
"
900,000
Brothers
Loewi
*100
900,000
;
Co
Co
&
Lehman
Co
&
500
300
140,000
Chicago
Higginson Corp.—
1,350,000
Securities
&
Co
100
180,000
200
1,500,000
Corp._
1,400
Merrill Lynch, Pierce, Fenner & Beane_
Merrill, Turben & Co._____-______.i__
Miller, Kenower & Co
:
450,000
The
Moore,
F.
Tulley &
Co
H.
Newbold's
Ohio
Paine,
Son
Arthur Perry & Co.,
Reynolds & Co.__
Riter
&
Co.——!
E.
L.
H.
Rollins
F.
Rothschild
&
Shields
315,000
230,000
Inc
—
Co.-
Stone
600
200
90,000
900,000
800
—
Co
—
&
Scribner
&
Co.,
TuekeT,
Anthony
Lerchen
&
Blodget,
100
500
& Co
Corp
450,000
500
Witter
—V.
E.
!
&
1,200
450,000
Co
1,350,000
2,150
280,000
&
200
^
680,000
Inc._
365,000
300
Co
365,000
300
Co.
315,000
Whiting,
Dean
—
Co
Wisconsin
800
140,000
450,000
—
Weld & Co
Weeks & Stubbs,
White,
100
900,000
Inc.—
200
Co
&
Securities
Wertheim
and
Inc..
100
180,000
Boyce—
Trask
Watling,
1,200
90,000
90,000
&
Webster
&
100
1,350,000
T
Co
&
100
90,000
—
Co
Spencer
Union
600
180,000
&
Deane
&
500
680,000
;
680,000
Bros.
Stix
200
450,000
Smith, Barney & Co
Stein
300
100
Co._—
&
Singer,
&
500
Stringfellow——
Schwabacher
Scott
200
450,000
Curtis—
100
180,000
Inc.—_——
& Sons,
,
&
100
600
140,000
90,000
—
Jackson
100
90,000
680,000
,j__
Co
&
Co.—
Webber,
200
90,000
Lynch___
Moseley & Co
Maynard H. Murch & Co.—
The
500
280,000
Leonard &
100
90,000
S.
W.
500
140,000
Milwaukee
Mitchum,
800
1,200
90,000
McDonald-Coolidge
Mellon
200
600
450,000
Inc._.
Co.,
Freres
200
680,000
365,000
of
Langley
500
180,000
1
Co.,
Peabody &
Lazard
Lee
*
&
Co.
&
Kidder,
1,200
180,000
Weeks
&
Illinois
&
300
450,000
Hawley, Shepard & Co.___
Hayden, Miller & Co.___
Harold
provided in the indenture.
intends to apply the proceeds
Rapids
is the only public utility distributing gas in the eight
by it, except that West Michigan Consumers Co. (a
At
The
integration.
fAmount
Big
the
company) furnishes a
in the Muskegon District.
Stroud
beneficially
and
manufactured
of
non-affiliated
68,785.71
Co.
of
company
districts served
Starkweather
tion
Greenville
distributed
by American
Light & Traction Co.
In 1943, the authorized common stock, con¬
sisting of 400.000 shares (par $100), was changed into 3)000,000 shares
(par
$14).
The then outstanding 356,810 shares
of common stock
(par $100) were exchanged for 2,548,642 shares of the. new common
stock (par $14).
On Dec. 31, 1943, company sold 150,621.43 shares of
its new common stock to American Light & Traction Co. for $2,108,700.
are
Grand
since
Approximately 83 %
Hemphill,
Michigan
and
19*39, in the Mt.
1931, in Greenville since 1939, in the Muskegon
District since 1934, and in the Big Rapids District since 1933.
Prior
to the change-over to natural gas the company in the Detroit District
and predecessor companies in the Grand Rapids, Muskegon, Ann Arbor,
Coffin
V
this time.
at
"We
for additional
file claims
expect to
770,423
of negotiating a
cost-plus-fixed-fee (aircraft,) sub-contract, and while
settlement of the
such
748,360
%%%)' $1/40
share
common
Detroit
2,-
in the Ann Arbor District since
1936,
.
profit after taxes
per
the
approximately
Bear,
:tl $27,724,000 $23,343,000
—
President Alvin A.
entered
additional
facilities, a higher employ¬
ment, and a much greater responsibility during 1944.
Plans are well
advanced to meet this responsibility."
After
reviewing the sensational combat records made by Martin
bombers and patrol planes in action against the enemy, Mr. Martin
stressed the record-breaking flight of the Mars, giant Navy transport,
the end
:
distributed in
been
which
of
Baker, Weeks & Harden
Ball, Coons & Co._i
'1942
-1943
dividend payments
.
We
%%%%:/%'..
company.
Sales
reported
of $172,945,964 representing costs-and earned fees under cost-plusfixed-fee contracts held by the company and. its Midwest subsidiary.
Sales for the preceding year were $337,556,000.
the
statement with
be
..
1942. Net
sum
Mr.
of
At
year of
sales
will
capital of $4,929,000.
to $4,354,000.
the
registration
Earnings for Calendar Years
(Glenn L.) Martin Co.—Annual Report—
In
a
applied to the redemption at 100'/2% of the prin¬
cipal amount thereof plus accrued interest to date of redemption, of
$1,568,000 first mortgage 4Vz% convertible sinking fund gold bonds,
due March 1
1947, being all bonds outstanding under the company's
indenture dated as of March 1, 1937, and balance added to general
we
The Continental Bank & Trust
fil ?d
23
Louisville.
Earnings
(Largo Realty Corp.), N. "Y.
.Tenders—• ■■■■/;'V,
(The)
March
on
covering $2,500,000 15-year sinking fund debentures.
The under¬
writers are F. S. Moseley & Co., Boston; Metropolitan St. Louis Co.,
St. Louis; Hemphill, Noyes & Co., New York, and J. J. B. Hillard &
—
The
company
has
gas
since
Pleasant District
Underwriters—The
SEC
and
distribution
purpose
,
distribution
The gas business conducted by the company in Detroit was
started by predecessors in
1851.
The properties in Grand Rapids,
Muskegon and Ann Arbor" were acquired in 1938, the properties in
Mt. Pleasant, Greenville, Ludington and Belding in 1942, and the prop¬
erties in Big. Rapids in 1943.
Mcngel Co.—Registers With SEC—
The
purchase,
igan.
15-year 5%
first mortgage sink¬
ing fund bonds due Feb. 1, 1950, have been called for redemptior/ on
May. 1, 1944, at 100 and interest.
Payment will be made at the Na¬
tional Savings & Trust Co., trustee, 15th and New York Ave., N. W.,
Washington, D. C.—V. 156, p. 1054.
Majestic Radio & Television Corp.—New Official—
in
purposes
.
entire
The
Washington,
Corp.,
the
in Ludington and Belding.
Company also Owns a small number
producing gas wells and has gas rights on lands in west central
Michigan.
Its business is conducted entirely within the State of Mich¬
The
Hotel
in
gas in Detroit, Grand Rapids, Muskegon, Ann Arbor,
Greenville and Big Rapids and certain adjacent terri¬
the production, distribution and sale of manufactured
of
Districts
$39,215,819;
engaged
is
natural
gas
111.
p{
Mayflower
of
Pleasant,
$23,749;
employees' funds for pur¬
chase of war savings bonds
(contra), $1,020,628;
advances* received
under terms of contracts (net), $116,822,998; Federal and State taxes
accrued, $68,519,257; wages accrued, $2,155,975; vacation wages ac¬
crued, $2,203,748; other accrued liabilities, $270,719; deferred income,
$3,482; major sUb-contractors' fixed fees retained, $556,559; reserve
for
contingencies,
$10,000,000;
capital stock ($1
par),
$1,115,214;
capital surplus, $11,740,011; earned surplus, $25,154,686; total, $278,-
present
450,000 shares
to
outstanding
(Includes
$25,000
an
150,000 no-par shares of authorized
par common stock.
The pres¬
for
343,047 shares of new $10
for
each share of present stock.
The reason for splitting the stock, the
company states, is to make available a greater number of shares for
public ownership and trading and to facilitate a listing of new shares
on the New
York Stock Exchange.—V. 159, p. 1041,
ent
changing the
stock
common
of
reserve
$2,000,000), $95,166,661; expenditures' for emer¬
(including accrued interest of $129,354), $7,262,-.
gency
779,097.—V.
March 28 approved
less
$22,831,815; advances on purchase contracts, $759,835;
Liabilities—Accounts
share
contracts,
$21,829,149 restricted as to use when collected), $22,044,101; advances
to major sub-contractors under terms of cost-plus-fixed-fee contracts,
deferred
1041.
p.
700,400; accounts receivable, $41,448,114; expenditures to be reimbursed
under
sale
Mt.
tory,
Consolidated Balance Sheet, Dec. 31, 1943
Assets—Cash
r"."-
Business—Company
res.—
and
income
all
after
income
chgs.
$933,698
1287.
p.
Net
Net
Wood
159, p. 1288.
&
Co—.
90,000
600
~
300
100
railway
from
Gross
Net
from
Net
ry ,oper,,
railway-*——
income__
From January 1-^-
•
-
$112,447
70,464
51,258
30,271
$100,894
44,623
26,864
,
44,492
by a vote of 1,710,444 shares out of a total of 2,441,761 shares out¬
standing, which - provides for rights being granted to Mokan share¬
57,354
share in the proportion of 1/10 of a share of Panhandle Eastern
common stock for each share of Mokan
common stock, or for every
20 shares of Mokan class B stock; and the right to exchange on the
basis
two
of
SEC—
Manufacturing
With
Detroit—Registers
Co.,
^
been completed by the company, makers of
special service tools for- automobiles, aircraft and engines, for the
public distribution of 95,000 shares of $5 par convertible class A stock,
it was announced March 29 upon filing of a registration statement
have
with
the SEC.
•
,,
,
...
,
£0
Mellojr.
offering
rW.
p.
of the outstanding capital
vv '
—
Goldstrohm
L.
Goldstrohm
Mr.
and
Muschamp
M.
George
Vice-President
is
Stock
charge
in
production.-
of
Split-Up Approved—
The stockholders
1 stock split-up and
in place of each,
March 28 approved a 2 for
on
of
issuance
two
of. common
shares
stock
1,500,000
the common stock.
outstanding, carry
present share, thereby increasing the total from the 750,000 to
shares.
A par value of $3 a share was placed on
present 750,000 shares, of which 621,900 are
value.
The
no
par
of
N. Y. Stock Exch.
stock
common
time
(par
has authorized
$3)
the listing
of 1,243,800 shares
official notice of issuance
upon
from time to
of the 30,700 shares of 4% convertible pre¬
in lieu of the 20,467 shares of common stock
(no par;; 30,000 shares of 4%
cumulative preferred stock, series D
(par $100i, upon official notice of issuance pursuant to the purchase
conversion
stock, series B,
upon
contract.—V.
159,
1288.
p.
Period Ended Feb.—
$4,506,229
$3,436,965
1,420,481
3,372,983
2,964,320
$347,494
$1,133,247
$472,645
143,387
118,386
295,538
243,254
$381,145
$229,109
$837,709
$229,391
$1,767,975
1,673,185
Net
ry.
$524,532
revenues-
♦
(other than Fed.
Taxes
income)
——
.
Hire
1944—2 MOS.—1943
1944—Month—1943
$2,197,717
revenues-:-—
of
Dr837
Cr52,665
14,566
12,474
27,111
32,552
$364,592
$247,196
$809,761
months'
six
periods
in
be
from
from
Net
ry.
1944
railway
r
.
Dr607
Crl,595
Cr7,676
Cr30,561
Drl,987
*
1943
1942
2,955,192
3,686,351
2,152,029
railway
37,667,993
34,636,518
20,629,655
railway—
16,637,628
16,528,097
6,542,337
5,911,664
8,209,762
4,410,266
income
oper.
_
from
Net
from
Net
ry.
'
—V. 159, p. 938.
Chemical Co.—War Operations
1,
ry,
Income
(net)
—
avail, for fxd.
charges
•Fixed
income-
oper.
$371,071
$246,588
$811,356
$257,180
2,843
——
4,093
5,820
8,485
trict
Net
profit after fixed
*
•
Court
directive
for
the
declared
illegal
'
chgs. being paid
$368,227
curr.
"Does not include interest being
being paid currently.—V. 159,
p.
Minnesota Power & Light
•
Period End. Jan. 31-—
Operating
Operating
Federal
-
Prop.
$782,975
1944- -12 Mos.—1943
$9,316,789
$9,512,219
174,510
132,224
222,380
129,670
2,330,368
1,793,024
steps toward
83,155
936,498
918 175
approp.
ret. .res.
62,500
62,500
750,000
750,000
1,628,796
577
574
.V6,890
6,863
$259,949
$284,696
$3,500,009
$3,266,140
744
577
6,681
6,408
$260,693
$285,273
$3,506,690
$3,272,548
134,972
Net oper. revenuesincome
132,648
1,553,321
1,632,851
$125,721
$152,625
$1,953,369
$1,639,697
986,675
990,825
$966,694
$648,872
___-
income
-
charges
1941
$7,678,864
2,307,787
1,447,577
syndicate
income
—
„——
Balance
-V.
—__—_——
—„
—
%
issue
Mississippi Power
Period End. FebruaryOperating revenues
Oper. expenses, exclud¬
ing direct taxes—
—
Federal taxes
Other
Prop.
and
Columbia
move
a
enjoin
to
of
res.
505,749
1944—12 Mos.—1943
$910,744 $10,158,369
$9,050,503
5,811.675
85,640
1,131.696
618,904
75,291
752,315
779,629
5,189,086
approp.
61,000
70,000
922,000
823,334
Net oper. revenuesOther income
1:
$173,66*4
$183,380
$1,540,683
the
Board
from
of
part
will
503
31
2,815
$183,411
$1,543,498
$1,640,184
90,804
80,903
937,653
918,469
Net income
—$83,363
$102,508
Dividends applicable to
preferred stocks
$605,845
400,893
$721,715
Interest
charges
—
Balance
—V.
;
$204,952 ;
..
$318,107
159, p. 1149.
with
enable
the
February—
from railway.!
1944
$213,410
Gross
Net
from
Net
railway
from railway
Net
ry.
•—V.
oper.
391,033
347,085
241,146
107,363
85,707
43,313
32,938
27,493
69,971
ry. oper. income
From Jan. i—
from
1942
its
—
income_^_
159, p. 938.
22,649
3,352
6,939
206,383.
,i|44,897
15,310
of
kraft
of
of
$4,500,000
capital of
1942.—V.
of
kraft
pulp,
15-year
statement
registration
A
1959.
March
157,
paper-
sinking fund
covering the'
27.
a
Bedford
of
subsidiary,
of
source
an
raw
material
of nine-point
in
the
manufacture
Container's Jacksonville
of
paperboard,
inch thick, used to form the inner corrugated
employed
National
such
of
$246,300
to
sum
acquire
expended
be
It
mill
of
to
containers.
practically
It
elimi¬
and concentrate its produc¬
50% to the output of raw
& Paper Co.'s plant has an
paperboard
of
the
added
net
to
will
to reimburse the company
used
be
Bedford
proceeds,
Pulp
&
Co., Inc.
approximately
for
The re¬
$553,200,
Paper
to
amounting
working capital.
public offering of the new securities will be made
is expected that
159, p.
1149.
National Food Products Corp.—Dividends—
The
Board's
directors
on
the class
50
any
cents
B
on March 22 declared a dividend of 20 cents per share
stock, par $1, and the regular semi-annual dividend of
on
the 5%
class A stock, par $5, both payable
share
per
May 1 to holders of record April
•
35.
will be
vin
D.
Crandell,
Similar distributions were made
H.
week.
,
V
-"..-
.•
'y,
The union official said that the company had "slandered" the union,
President Roosevlet and the WLB in its public statements.
He charged
the
that
its
paradise" when it asserted'
effort and that the board'
had no jurisdiction in a dispute involving its employees.
He charged,
Sewell Avery, company President, with seeking to force a strike by the
qompany
business
union.—V.
:
Montour RR.—EarningsFebruary—
from railway
Net from railway
oper.
1944
_
1943
1942
1941
$219,403
income___
$219,416
$145,901
$163,152
62,329
t
'
83,558
30,781
President,
War I
told the
50,748
57,998
37,355
60,701
445,801
447.805
325,340
319,036
124,317
172,785
77,290
121,485
99,923
121,967
80,676
.116,489
From Jan. 1—
railway
Net from railway—:—
Net ry. oper. income—
National
and
total
Malleable
Moore-vMcCormack Lines, Inc.—Registers With SEC—
The company has filed
a
registration statement with the SEC cover¬
ing 60,000 shares of $2.50 cumulative preferred stock, convertible until
1950 (par $50), and 211,000 shares of common stock (par $10),,
including 150,000 shares reserved for issuance on conversion of the
preferred stock. The 60,000 preferred shares and 60,00 common shares
are issued and outstanding and are
being sold by present stockholders.'
The stock was part of the holdings of Albert V. Moore, President,
Dec. 31,
Kranz,
one
Howard
of
about
and Treasurer of the Lines,
annually,
$10,000,000,000
Steel
&
in¬
"not
repairs of all kinds."
landing
mats
and
158, p. 2472.
Stamping Co.—Director¬
Whittemore
for
The
reelection.
Charles
Pope,
eight direc¬
reelected because of the recent death of W. G.
candidates
Coonley,
Herbert
Pope,
were
the
of
H.
McCrea,
James
A.
Slater,
board
Cleve H.
Donald
now
Pomeroy,
S.
Tuttle
consists
Henry
and
F..
Harris
v.
Jr.
'
of the earnings for the first two months of the year the
a dividend of 15 cents Rer share on the capital
payable April 22 to holders of record April 8.
Distributions of
25 cents each were made on March 13, June 19, Sept. 18 and Dec. 11,
last year.—V. 159,
p. 1042.
view
In
directors have declared
stock,
'
New England Gas & Electric
For
week ended March
the
of 12,384,266
This is
kwh.
Association—Output—
the Association reports electric output
increase of 596,152 kwh., or 5.06% above
24
an
production of 11,788,114 kwh. for the corresponding week a year ago.
Gas output for the week ended March 24, is reported at 148,640,000
cu.
ft., an increase of 12,930,000 cu. ft., or 9.53% above production
of 135,710,000 cu. ft. in the corresponding week a year ago.—V. 159,
p. 1289.
• '
'
; / ;
.
•
■
:
;
New England Power
Association—Correction—
March 13 it was stated in connection with reorgani¬
England Power Association that holders of each share
Power & Light Associates $2 preferred stock would
receive one-half share of new $2 preferred stock and one-tenth com¬
mon
share.
The terms should have read one-half share $2 preferred
"In
of
our
issue of
of
New
Massachusetts
one
and on^ienth common shares.-
Output Up 4.42%—
The Association reports number of kilowatt-hours available for its
territory for the week ended March 25, 1944, as 62,694,645, compared
with
Of
60,038,312
for
the
week
ended
March
27,
1943,
an
increase
4.42%.
Comparable figure fcr the week ended March 18, 1944, was 64,625,900;
an increase of 4.29%
over the corresponding week last year.—V. 159,
p.
1289.
•
.
•
and Emmet J. McCormack, Vice-President
the first post-war decade, Melof stockholders last
war would top that follow¬
the annual meeting of shareholders, held last week,
At
.
tors instead of nine
stock and
938.
elected
ate Increased—Smaller Dividend—
zation
from
been
annual meeting
demands for lime, rock wool, metal
continue heavy, Mr. Baker s^jid.—V.
rapidly, but
casein paint
64.772
'
Gross
has
Government requirements for gypsum board have begun to taper off
was "living in a fool's
not part of the war
/
1927,
predicted construction after this
was
159, p. 1149.
Gross
research since
cluding expenditures for alterations and
:
for
.
director of
for building materials in
spent
Baker,
He
World
ing
'.
1, last year.—V. 156, p. 1331.
in charge of research.
The company is placing itselfto handle at least 10% of the $5,000,000,000 it estimates
position
a
he
years.
May 1 and Nov.
on
National Gypsum Co.—New V.-P. Outlook—
Dean
replied that the Board, during the hearings in court, had
steps
enforce them.
two
these issues
on
doubt that the Board would
*
8,755;
1,
manufacture
The
cash
file a
an injunction.
'.'V
v';
said, Mr. Garrison meant "to threaten" the company by
referring the Board's order to the President or to Fred M. Vinson,
Stabilization Director, he wanted to know it.
" . ' ,
;
VO./
'■'■■■J
Mr. Garrison rejoined that any stipulation made by the Board would
be scrupulously followed.
•
:
.....
Mr. Barr maintained that according to the. Attorney General's con¬
tention in court, Board orders were merely appeals to public opinion
and did not have to be obeyed and that the Board could do nothing to
If,
$102,031
21,262
producer
on
'Inc.
directive.
Barr
request
1941
$122,312
working
close
debentures, bank loan, notes or bonds and mortgages, and ap¬
proximately $556,000 will be applied to the redemption of the outstand-,
ing first mortgage bonds and 5% note of Bedford Pulp & Paper Co.,
■
25,179
railway
Net
Gross
1943
the
5V2 r/c
-Earnings$184,718
54,878
21,014
with
$3,812,546
liner board, thus adding about
by the company.
Bedford Pulp
capacity of 40,0(?0 tons of paperboard per year.
The net proceeds to be received by the company from the sale of the
debentures are estimated at $4,200,000. ' Of these approximately $2,844,500 will be applied to the redemption of the company's outstanding
tion
stated that it would give the company notice if it decided to take
to obtain compliance so that the company might have time to
—V. 159, p.
Missouri & Arkansas Ry.
compared
totaled
1943
annual
its enforcement.
Mr. Garrison said he wished to leave ,110
Net ry.
403,608
at
material
not propose to take any other position in the case than it had in the
past, and that it expected both the union and the company to comply
634
$174,167
-
paperboard
early in April.—V.
taking
of
giving net
$1,120,453,
the SEC
stock
nate
$1,639,550
Gross income
April
with
capital
Va., and
in
that
496,433
issue
new
a
due
filed
was
which is 9/1000ths of
Not Profit¬
have the
$757,331
was
close
$2,476,744
principal
a
its
company,
to
the
subsidiary, recently acquired the out¬
Pulp & Paper Co., Inc., of Big
Bedford Timber & Land Corp., at a
net
price of $1,231,298. • This acquisition was financed in part by
National Container through a $1,000,000 term loan from The Marine
Midland
Trust
Co.
of
New
York.
This
acquisition
will
augment
;
Wolchok, union President, said that, the union had promptly
put the question of representation; contained in the Board directive,
up to the National Labor Relations Board.
The only reason the union
had objected to an election, he
said, was that it would delay matters
Co.—Earnings—
1944—Month—1943
$1,000,468
180,646
79,409
;
taxes
ret.
& Light
of
with
standing
working capital, which it is
of five or six years.—V. 159,
relations
$9.32.
foreign
and
profits taxes
excess
credits,
at
assets
Island,
15,762,601
4,679,427
2,971,739
Samuel
159, p. 844.
of
debentures
.
Net
Dividends applicable to preferred stocks
taxes,
$429,261
$10.21
Vice-President
Mr.
—,
of
labor
shares
common
income
liabilities
corporation,
deliberate and avowed defiance" of the Board's order.
limited-term
of
for
compared
Officers of the United
Retail, Wholesale and Warehouse Workers
Union, CIO, urged the Board to compel the company to comply with
the order,
which ..directs the mail-order house to renew a contract
with the union which had expired on Dec. 8, 1943.
V ;
,
At one stage in the hearing Lloyd K. Garrison, public member of
the Board, declared that it could not sit idly by in the face of "a.
2,942.245
75,623
—
—
investments
Gross
1944—Month—1943
—
expenses
taxes————i'.
Interest
$248,694
•
taxes
Other
$805,536
Co.—Earnings-
$705,383
revenues
Other
Amort,
$242,495
accrued on corporate books but not
1041.
District
of
1942
$470,363
46,058
on
and corrugated and solid fibre shipping containers, and one of
the few companies performing a completely integrated process of manu¬
facture from the log to the finished container, has arranged
with
Van Alstyne, Noel & Co. for the public sale through a nation-wide
Union Asks Compulsion—
as
manager
no
National Container Corp.—$4,500,000 Bond Issue—
The
told the
National War Labor Board March 29 that the company would refuse
to obey a Board directive because it had pending in the Federal Dis¬
Barr,
believe
we
board
Montgomery Ward & Co., Inc.—Defies WLB Directive
A.
but
profit-,,,
current
current
mainder
—Court Fight Cited
it was deter¬
1942.
$2,692,090
1463.
1288.
John
charges
renegotiation proceedings in 1943,
deducting postwar refund
against
ment, it was stated.
Present post-War plans tentatively call for about $40,000,000 of new
in addition to $25,000,000
would be used over a period
(
p.
J.'
planned,
$2.86
stockholders:
to
1943
net
"Consolidated
The company has not profited from war operations and stockholders
would have benefited more from normal peace-time production, Charles
Belknapp, President, told stockholders at the annual meeting at St.
Louis.
He said net profits after taxes for 1943 were equivalent to $3.56
per common share while
$10.91 per share was paid in taxes.
Net
profits for 1942 were $3.75 per common share.
Profits from all Gov¬
ernment-built and Government-financed plants operated by Monsanto
Chemical Co., 'amounting to $1,048,858, were returned to the Govern¬
p.
400,483
$3.16
letter
Note—The net provision for income and excess profits taxes for 1943,
after
"v-'V. v-' * •!
:
443,273
shares,
the
1943 are subject to renegotiation,
required."—V. 158, p. 2472.
provision
$580,109 in
,
financing,
from
exchange adjustments.
March 1,
will
Net
Other income
the
National- Container's
Monsanto
common
extract
an
Najtional Container, through
income—
oper.
140,000
on
share
per
*After
From Jan. 1—
Gross
1,366,833
Calendar Years—
ended Aug.
$18,780,276 $17,529,542 $10,071,369
8,299,871
8,785,018
3,262,347
railway
1942
1,531,033
-Nashua Gummed & Coated Paper Co.—Report—
^Consolidated
Earnings for February and Year to Date
February—
1943
taxes—
———
of
Government
Feb. V
"•
.
State income
&
taxes..,
result
a
!
$15,137,385 $12,620,115
following is
"As
;
1, 1935, and Feb. 1,
1936.
'
."/V-',! -;- .' .'-;
In pursuance of said Court Order said payment is to be made to
said bondholders on and after April 4, 1944, and shall be received
and accepted by them subject to the provisions and conditions of said
Order.
J. P. Morgan & Co. Incorporated, 23 Wall St., New York, N. Y.,
is paying agent.two
I,
after
Earnings
1935, and Oct.
1,
;
-V". !
'• '
.Series
$249,504
Cr6,479
equipment-"
facility rents, Dr„
Joint
periods ended April
two six months'
H,
1935.
■
cash
was
mined by the Price Adjustment Board that no excess profits were real¬
ized on pertinent
government contracts in 1942.
Our deliveries to the
w
Series
there
addition
In
:
Earnings per share
1935, and Nov. 1,
1,
periods ended May
needed.:
1943, approximated $6,300,000
31,
loan.
—
refunds will
able—
Minneapolis, St. Paul & Sault Ste. Marie Ry.—Earns.
Total
Net
accumulations to the
and registered bonds,
authorized by Order
of the U. S. Distirct Court, Eastern
1943,
two six months'
G,
1935.
Net
stock
(par $3) in lieu of the 621,900 shares of common
(without par) presently outstanding and listed; 40,934 shares of
ferred
.
part:
18,
facilities
if
of
sales
The
two six months' periods ended Sept. 1, 1935, and
Series F,
-Series
common
stock
1937
amount of $13,159,525, has been
entered Sept.
the
•Calendar Years—
Net
1936.
Gross
Listing of Common Stock and Preferred Stock—
The
2370,
than
V-loan
$5,000,000
a
.
two six months' interest
refunding mortgage bearer
to
and
"satisfac-^
expand
Munsingwear, Inc.—Earnings—
business.—V. 159,
Division, Eastern Judicial District of Missouri, as follows:
Series A, two six months' periods ended Aug. 1, 1935, and
on
"
authorized
equal
first
of
the aggregate
to
Duncan.
with Mokan since
associated
handly the expected
necessary
for
as of Dec.
more
Profit before Federal
been
to
be
$3,750,000.
Sales of war production have been rising.
February sales totaled $3,700,000 and the March volume was $4,000,000.
—V. 158, p. 1940.
,/
1936.
March 28 were
elected members of the board of directors of the Brown Instrument Co.,
Philadelphia, manufacturers of precision industrial instruments.
Mr.
Muschamp is Vice-President in charge of engineering of the Brown
company, a division of the Minneapolis-Honeywell Regulator Co., and
Paul
has
Who
order
might
arranged
inventory
$1,300,000
hand
on
Secretary.
March 28 stated in
No.
Board
Co.—New
Tringham,
Payment
in
Division—
of
Donald
J.
in
it
has
management
about
or
Interestholders of first
refunding mortgage bonds, series A, F, G, H and I,
holders
,
Regulator
Minneapolis-Honeywell
Members
Schechter,
*
Outright acquisitions late last year included the
Manufacturing Co. and the Economy Valve Co., both of
— -
C.
and
the post-war era.
1149-
and
Perry
that
volume
Receivables and
Missouri Pacific RR.—To Pay One Year's
on
throughout the country.
The proposed purchase will mark Miller s third expansion in recent
and the further diversification of its consolidated production
Detroit.—V. 159, p.
R.
.The
Guy A. Thompson, Trustee, in a notice to
months
Precision
John
Secretary and Treasurer, has retired from active
1288.
^ r;''-.-
as
will be applied toward the purchase
stock of the Rieke Metal Products
Corp. of Auburn, Ind., the nation's largest producer of fittings for
metal containers, and additions to working capital.
Although now engaged entirely in the production of apparatus for
the repair and maintenance of the armed forces' mobile equipment the
Miller company's peace-time output is sold, among others, to the thpusands of Chrysler, Dodge, De Soto and Plymouth automobile dealers
for
Jacob
and
stock and 16,667.shares of common,
51%
Main,
E.
added
peacetime
somewhat.
meeting of the directors held on March 29, the
following officers were elected for the ensuing year: William
G.
Maguire, President; Geoffrey R. Mellor, Vice President and Treasurer,
shares of class A
the sale, together with 5,000
proceeds from
Net
C.
Whitlock
Mr.
tory"
•;
the organization
At
Chicago.
of
I
v
—
,
in
factions
.
of which will be con¬
will be made.at $10 a
share by a nation-wide banking syndicate headed by Baker, Simonds &
Co., Detroit; Van Alstyne, Noel & Co., New York, and Straus Securities
of the class A shares, each
vertible into three shares of $1 par common,
Public
Opposing
„
the
the fight for control of the Missouri-Kansas
Pipe Line Co. also compromised their differences at the annual stock¬
holders' meeting of the company,
R, B, Hand, Arthur G. Logan and
H. Harper McKee. representatives of a proxy committee opposing the
Mokan management, were elected to the board of directors.
W. G.
Maguire, President of the company, was reelected to the board. *
Other directors elected to the Mokan board were Hy Byrd, G. R.
■'
^
Arrangements
business
of
combinations thereof.
Corp.—$5,000,000 "V"-Loan—
Post-war sales should compare favorably with the corporation's war
to date, George E. Whitlock, President, told shareholders at
annual meeting.
For 1943 the company reported net sales of
roughly $21,600,000.
.
.
Panliandle Eastern for every nine shares of
180 shares of Mokan class B stock, or
The exchange rights will expire on April 15,1945,.
shares
Contest In Mokan Ended
Miller
Mullins Mfg.
Mokan common stock or every
159, p. 1041,
f
Panhandle Eastern shares owned by Mokan at $30 •
holders to purchase
218,980
104,221
65,195
243,138
110,523
bought by Kuhn, Loeb and others in December, 1940.
was
The sellers and the amounts being sold are:
Kuhn, Loeb & Co.,
31,000 shares of preferred and 31,000 common; Bevan Corp., 20,000
preferred and 20,000 commoh, and Shroder Rockefeller & Co., Inc.,
9,000 preferred and 9,000 common.—V. 155, p. 236.
per
302,628
161,149
115,020
294,225
133,187
53,704
railway
railway
oper. income-—
from
Net ry.
1941
"
.
from
Gross
Net
1942
which
approved the so-called "Mokan" plan
The stockholders on March 27
'1943
$141,473
1944
$131,853
57,873
27,423
,
(Del.)—Plan Approved
Missouri-Kansas Pipe Line Co.
Midland Valley RR.—EarningsFebruary—
Monday, April 3, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1356
-
(Continued
■
on page
1388)
I
*
Volume
THE COMMERCIAL
Number 4269
159
& FINANCIAL CHRONICLE
1357
asm
Stock and Bond Sales
DAILY
NOTICE—Cash and deferred delivery sales are disregarded In
New York Stock
«»
WEEKLY
-
furnish
we
C.
Dally Record of
8.
Figures after decimal point represent one or more 32d of
the current week.
Bond
Mar. 25
Prices
(High
Treasury
-j
4fts, 1947-52
Mar. 27
Mar. 29
Mar. 28
Mar. 30
Mar. 31
Treasury
2VaS, Dec., 1964-1969
Low
Total sales
Total sales In 11,000 units
(High
.j
Low
2fts
[Close
in
105.4.—
100.4
100.4
100.3
100.5
sales
in
;
—•}
100.14
100.14
Low
[close
sales In $1,000 units
Close
fHi«h
J Low
100.5
100.6
100.3
100.6
100.3
6
1956-59
100.6
1 Close
Total
Low
sales
in
7
$1,000 units
High
units
28,
1947
Low
Close
Low
Total sales In $1,000 units
Close
High
2
2s, March 1948-50
(
Low
I Close
Total sales in
High
2%s, 1945-47—
low
2s, Dec. 1948-50
$1,000 units
High
units
Low
Low
23/4S, 1948-51
In $1,000
Total sales In $1,000 units
Close
.
units
High
f High
109.12
i
Low
109.12
(Close
1951-54—
109.12
$1,000 units
In
2s, June, 1949-51
Total sales In $1,000 units
5
| High
sales In $1,000
28,
Sept.,
I
Total sales
( High
■!
[High
( Low
1949-1951.
In $1,000
units
2%s, 1958-63
1949-1951.
j Low
Total
sales In $1,000.units
High
—
(High
i
2s,
Low
Close
Marcfi,
1950-1952.
Low
•
Total sales In $1,000 units
sales In $1,000 units
[High
High
2s,
Low
1945
,
Total sales In
$1,000
1948
Sept.,
1950-1952
( Low
I
Close
Total
units—*
(High
| Low
sales
In
100.12
100.11
Low
100.12
100.11
Close
100.12
100.11
2s, 1951-1953
Total sales
In
$1,000 units
1
High
28,
Low
3WiS, 1949-53—
.
Close
f High
•{ Low
13/4s
{ Low
[close
sales
In
$1,000 units
/High
{ Low
1948
[Close
[Close
Total
sales In $1,000 units
sales
In
$1,000 units
Federal Farm Mortgage
f High
2fts, 1956-58—
units
1953-55
Total
Total sales In $1,000 units
2fts, 1952-54
sales in $1,000
Low
•
,
[High
2s
\ Low
[Close
1950-52
1951-55
Total
units—*
[High
■{ Low
[Close
I
.
■
(High
——.
3s, 1944-1949
Low-
sales In $1,000 units
Close
Total
f High
•{ Low
2fts, 1962-67
V
Home
sales
Owners
In
$1,000 units
Loan
[Close
(High
Total sales in $1,000 units
3s, series A,
"High
1963-1968.
1944-1952
-j Low
[Close
Low
Total
sales
in $1,000
vClose
units
■
(High
..
Total sales In $1,000 units
2fts, June, 1964 ■1969
Total sales
10
"
High
Total sales In $1,000
Close
$1,000 units
[High
[close
sales In $1,000 units
I
I Close
Total sales In $1,000 units
.
close'
units
(Hign
2s, Dec.,
Low
(Close
2%s, 1960-65
Low
-
Close
\ Low
[Close
1956-59—
2fta,
4
V
sales In $1,000 units
Total
( High
Total
100.5
4
Close
2 fts
Total sales In $1,000 units—
Total
100.5
100.5
4
Low
•
High
2ft s,
100.5
100.4
14
(High
units
%
Total
100.4
100.5
Low
ayes, 1954-56
Low
27/sS, 1955-60
2fts.
100.5
■
1
Close
2 Wis,
100.5
(High
-
.
Total
units
3a, 1951-55-—..
Total
100.7
100.5
Low
High
Total
100.7
12
100.4
<
High
i\
| High
| Low
%
Total sales
100.5
3 ft
2fts, 1952-55
1
3s, 1946-48
2% 8,
100.4
1
100.7
$1,000 units
105.4
"High
Total sales
Mar. 31
I Close
[Close
2%s,
Mar. 30
Total sales In $1,000 units
105.4
[close
In $1,000
Mar. 29
100.5
[High
{ Low
I Close
Sfta. 1951-53
(High
{ Low
1946-49
sales
Mar. 28
100.14
Total sales In $1,000 units
Total
Mar. 27
100.5
Total sales In $1,000 units
Total sales In $1,000
1 Mar. 25
100.3
Low
[close
Total sales in $1,000
the New York
Total sales In $1,000 units.—
(High
/
3fts, 1944-46—
Total sales in $1,000
on
100.5
2fts, 1967-72
[Close
Wis, 1949-52
boncis
High
/ Low
-
3
coupon
7.; :
1965-70
Total
Total sales In $1,000 units
Wis,
year
Low
$1,000 units
(High
3
the
(High
_
Total sales In $1,000 units
3%* 1946-56—
for
Close
—
[Close
4s, 1944-54
range
point. (See note below).
a
Daily Record of U. 8. Bond Prices
;
the
the New York Stock Exchange
on
daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation
a
Stock Exchange during
YEARLY
-
the day's range, unless they are the only transactions of the day. No account Is taken of such sales in computing
United States Government Securities
Below
Exchange
lfts, 1945-1947
{
(High
Low
(Close
100.5
100.5
100.5
Low
•
100.5
100.5
100.5
$1,000 units
2
[Close
Total sales
•Odd
15
lot
In
$1,000 units
sales.
ITransactlon
of
registered
bond.
NEW YORK STOCK RECORD
LOW
Saturday
Monday
Mar
Mar. 27
$ per
25
.
$ per share
share
58
58
•110ft
58
111ft
58
HIGH
SALE
y4
57%
111%
*50
:
57
*110%
♦49
57
57ft
57%
57 ft
300
lift
lift
11%
6,600
11%
11
11
29%
29%
•20%
21ft
21
21
20%
20%
41%
41%
41%
42
41ft
41%
87
*82%
•83
87
•82
5%
5%
5%
>
138 ft
•135
138
5%
•134
5%
138
V::
30
lift
*29%
30
*29 ft
20%
20%
20%
21
*20%
41
41%
X40%
41
41
82
*80
*80
5%
85
5%
82
5%
5%
5%
6ft
Acme
Steel
Address-Mutigr
-
10
13,600
Air
Reduction
Jan
52
53
Jan
3
Mar 16
41ft
Jan
57 ft
Sep
10% Jan
27
12 ft Mar 16
7%
Jan
13
Apr
Mar 17
25 ft
Feb
32 ft July
No par
-No Par
10
Corp
Gold
Juneau
2ft
2ft
29%
29 ft
29%
52 ft
53
51ft
52%
50%
52
51ft
51%
51
51ft
5,100
26%
26
26%
25 ft
26
25 ft
25%
25%
25 ft
25%
2 5 "ft
4,600
Alghiny Lud Stl Corp
53 ft
26%
•78%
81
•78%
10%
80 ft
footnotes
■
10%
10%
145 ft
145 ft
143%
145%
•13%
14%
*13%
14 y8
345/,
14%
3454
For
•79%
10%
10%
145
14%
81
35 ft
32%
see
page
1367.
11
35
2
*78%
10%
143
13%
2%-';'
80%
10%
143
13%
.33 %
*80
80ft
*1.0%
11
144ft
147
*13%
33 ft.
2ft
29
*80
10%
146
2 ft
15,500
29 ft
19,500
10%
146
14%
*13%
14 ft
33%
*>"3/4
33 ft
No par
Alleg & West Ry 6% gtd
80 ft
1,000
Allied
Chemical
300
Allied
Ml!**'4
»*.'■
&
Dye
No
14%
Jan
21ft Mar
42 V2 Mar 13
38%
Jan
487/a
85
67
Jan
76 ft
Sep
Jan
7y8
Apr
Jan
128 y2
Dec
13
5% Feb
29
124
2
Jan
3
Mar 29
23ft Jan
3
Vp
6% Jan
6
15
138 ft Mar 13
3%
85
2%. Mar 18
33% Mar 20
A Jan
5ft
Jun
3ft July
Jan
32 y4
Sep
Jan
4
58
Mar 18
13
Jan
45%
3
28
Mar 16
18y«
Jan
31ft July
21
80
Mar
64
Jan
75
37
70
Jan
9ft Jan
3
142ft J->n
26
T)flf
Mar
24ft Jan
par
5
Trie
22% Mar 11
3
Jan
1
Kid Co
25 000
100
Allen Industries Inc
1,700
6
39% Jan
28%
2ft
19V2Jan
75
30%
2%
„,
Sep
July
30
par
10
Mln
58
26ft Jan 31
100
No
Inc
28
*
138
63 y2 Mar
115 ft
35%
2%
*134
Jan
Nov
51ft Mar 31
30 ft
138
51ft
108
111ft Mar 13
2ft
•'
*134
11
17
24
30 ft
3%
30%
138
Jan
Highest
Jan
53%
2 ft,.
*134
61
i
$ per share
47
Alabama & Vicksburg Ry
Alaska
21
$ per share
25
Adams Express
Adams-Millis Corp
2,200
•
,
52 ft Feb
109% Jan
$ per share
No par
Co
700
30
21
Ao
preferred
200
41ft
82
4%
,st
100
Abbott Laboratories
Abraham & Straus
Albany & Susquehanna RR
100
Allegheny Corp
1
5ft % pf A with $30 war
100
$2.50 prior conv preferred-No par
30 ft
145
5%
87
•29%
,
—
*57
11%
11%
29%
— —
20
56%
29%
1,300
57%
111
51ft
56%
lift
57%
*110%
*110% 11.
Year 1943
Lowest
Highest
$ per share
Par
.r
51%
57%
>
57%
-
Range for Previous
Range since January 1
Lowest
'EXCHANGE
Shares
$ per share
'
STOCK
NEW YORK
for
the Week
52ft
*56%
11%
$ per share
Sales
Friday
Mar. 31
*49
57 ft
30
11%
Mar. 30
51%
•56 ft
•29%
■
*56
111
57 ft
57 ft
*136
;
$ per share
52%
)1
Thursday
Mar. 29
57%
*110%
52 ft
.*50
STOCKS
PRICES
Wednesday
•i_
$ per share
•110ft.111ft
52 ft
•50
AND
Tuesday
Mar. 28
13% Mar 18
30
Jan
25
7
lift
Sep
May
7
Jan
Jan
7
140ft
Jan
16 ft Feb
5
10%
Jan
14% May
35 ft Mar 27
16ft
Jan
37%
11% Mar 16
150
165
Jun
July
Nov
THE COMMERCIAL &
1358
Monday, April 3, 1944
FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
Mar. 25
$
$ per share
36%
36%
36%
17%
*2%
17%
17%
36%
84%
*35
*84
85
36%
36 ¥4
17%
17'/a
17 V8
18
*2%
82
*34%
36
84
84
*2%
3
*33
83
35%
*33%
36
84%
*35
36 Va
17%
*2¥4
3
29%
30%
29%
29%
29%
29
64
64%
61
64
61
61%
62
65%
62%
17%
17
63
63%
63%
63%
65
65
*64 Va
60
64 %
65
63
13%
12%
13
13
13 Va
10,800
14%
12%
127/e
13%
13%
13
13%
39
39 %
39%
2,700
38%
38%
38%
38%
86%
176
175
176%
176
35%
37%
34%
36%
35
37%
79%
79 %
78%
76
77%
74%
75%
24%
109%
113%
'
24%
24%
*109
109%
*108%
*112
113%
113%
*24%
102%
29%
102
102
102%
29%
75%
23%
24%
4,300
111
111
*110%
113
113
36
113%
7%
5%
110
V
V
114 ,V4
2%
2%
2%
*2%
2%
2%
*8%
*8%
9%
*8%
9%
*8%
9%
27%
27%
27%
5%
•", : 5%
*87%
5%
89%-
*87%
27%
85%
......
74%
3,000
35%
34
34%
1,300
American Hawaiian SS
3%
1,900
American
78
77
35%
35%
35
3%
3%
4
*39%
65%
*6%
65%
7
7
.
*64%
7
66
1,800
.
6%
170% Jan
par
34% Jan
8'/4Jan
700
47%
18%
18%
16%
18%
17%
23,200
American
5%
17%
90
88
88
13
105
v;
26 "
8% Jan
23
4¥a Jan
59
Jan
8
1%
Jan
46 '/a
79
87¥4
Jan
26
Mar 15
39
Jan
78 V2
118
*117%
34%
34%
34%
2%
2%
2%
48%
50
47'/8
48%
44%
46%
44%
8,800
45%
7,300
$5
4 ¥4
Jan
Jan
Malr 15
39%
72
39
37%
Mar 25
' ••.,
46
Jan
10
I
50
—No
14% Feb
80% Jan
4
14 Va Feb
29
par
—100
12
24% Jan
120
Jan
13
35
Jan
3
32
par
9¥a
*166
13%
13%
9%
170
*165
170
13%
14
13%
13%
*165
170
*166
170—
9%
9%
9%
9%
9%
9%
13%
66 Va
13¥a
66%
65%
66
65%
1,000
4% %
15%
*16
16%
16
16
15%
15%
*15¥a
16
1,000
American
15
*14%
15
14%
14%
14%
14%
*14
14%
1,200
American
28%
*28%
28%
28%
28%
28
28%
28
66%
37%
38
37%
151%
152
151%
152
20%
Jan
27 Va
Apr
116%
Jan
125%
Nov
Jan
36
Oct
13
7
®s
Jan
52% Mar 22
18¥4
Jan
48 Va
40
Feb
14
49% Mar 22
16%
Jan
45%
Oct
9
Jan
3
10 Va. Mar 13
6V8
Jan
ll7/a
Jun
163
Jan
22
/
26
25%
25
25%
25%
25%
2% Mar
*
147 Va
7%
25 Va
—I—
5,800
preferred
non-cum
Amer Steel
15%
15%
15%
15%
15%
15%
15%
*15V4
15 ¥4
21%
21%
21%
21%
21%
21
21%
*21
21 ¥4
21%
1,200
American
33'/a
33%
33 %
32%
32%
30
36
4,300
American Sugar Refining
117%
*116%
117%
117%
*91
*116%
117%,
27%
157%
157%
157%
62%
61%
61%
62%
62%
62%
62%
*142%
143%
157%
62
10%
*118
1
118%
7%
7%'
7%
*89
92
*88
'
*
8%
8%
8%
*83"
83%
83%
*
4%
5
*4%
51%
26%
26%
26%
26 %
26%
*25%
25
25 %r
n5
7%
93
81%
84
4%'
*89
%
83
4%
10 ¥a
7%
'
7¥a
80%
;
V
4%
7%
81 Va
"•
81%
4%
84
50%
*46
26%
25%
25
*114
26%
115
4
26
25%
26
24
24%
24%
*114'
26
26%
26%
*23%
*114
115
*114
115
'
26%
*114
5%
*10%
11%
*10%
3
*2%
2%
*2%
2%
*2%
2%
2¥a
25/a
48%
48%
48%
48%
*47%
48%
47 ¥4
48%
5%
"5%
5%
85
104
*102%
*103
37'%
37%
10Va
*10
.10
*9%
113
*110
*10%
*10%
11
11
*10%
48%
5%
5%
85
5%'
82 %
85
84
5¥a
*83 '■>
84
5¥a
5%
37%
*10
9%
110
102
37 %
37
37%
10%
10
10
101%
102%'
104
'
9%
9%
*110
110
'
9%
9%
9%
*110
113
101 ¥4
371/4
'V
10
¥4'
37 %
i 9Va
9Va
101
-
37%
*37
-
101%
.
9%
9%
*110
113
5%
2,100
103
103
37 ¥a
?
"V
9%
9%
113
*110
.
9%
13%
13%
13%
13
13 Va
13
13%
13%
97%
97%
97%
97%
97%
97 Va
97%- <
97%
90%
91
92%
92%
91
91%
91 %
91%
91
91%
*34 %
*34%
35%
36%
106%
106
67
67 Va
64
89%
90
90%
91
38%
38%
38,
38%
36%
38%
*27%
106%
29%
29%
*28%
29%
63
63
*62 %
63
106%
*
V.
*34%
*
*34%-35%
67
90
66%
29%
29%
111%
29
111%
13%
13%
13%
*54%
55%
*54%
56%
56%
116
116
16%
*15%
8%
8
106 %
35% 1
65
64 %
65%
90
90 3/4
91
91
35 ¥4
,
108
37
37
37 ¥a
29
28 ¥4
62
*27%
56%
*116
*15%
8
62
27%
29%
111%
*111%
111%
13%
*61
450
|
65%
56%
56
*116%
16%
»'•'
91%
3%
4
•:
20%
19%
8%
8%
15 Va
15%
15%
-
3%
19
20%
8%
16 Va
*27%
118
30
Corp
1
.7%
15%
11 Va
28%
111%
12 ¥a
12 Va
54%
54
G
Jan
i 4,700
160
r
12%
:-
12 Va
13
53%
54
53%
400
8
127%
Jan
Feb
1
42%
Jan
3
43%
Jan
65 ¥4 July
7
146 ¥4 Feb
15
129 ¥4
Jan
146% July
12 ¥a July
139
'
Jan
159%
63
Mar
;11 v» Jan
8% Jan :/3
42 ¥a Feb
6 ¥4
19
32
467/8 Mar 16
23
xll6 % Jan
14
119% Feb
21
115 ¥4
55 ¥4
55%
56
551%
56
930
117
*1161/4
117
30
5%
15%
;
20
19
9
7%
'
15
J
7¥a
8
*70
14%
14 Va
8
14%
*7 ¥4
71%
71%
-
,
Jan
3 ¥4
Jan
8% July
67% Jan
3
89% Mar 16
55%
Jan
79% July
'4
¥
par
Jan
,
54% Mar
Nov
317/a
277-8 Mar ,16
24
Jan
29%
16 Va
Jan
23% July
111%
Jan
&%
Dec
1%
9 ¥4 Jan
10
23
3
Mar 22
48¥a Mar 27
par
100
100
100
100
-
19%
19 Va
,
.19.900
Baldwin Loco
8%
8%
8 ¥4
'
"38,600
Baltimore &
16%
I6V4
16 ¥4
-
50.800
'
16%
«
15%,
'
25
25%
25%:
23 V4
24%
24 ¥4
25%
13 Va
14
*13 V4
14
13%
13 %
12%
12%
*12¥a
13%
13V4
46%
*46
11
62¥8"
10%
*62%
11%
IIV4
11 Va
63
62 ¥4
63
1
25%
25
46%
46
46
46%
46
17%.
17%.
17%
167/a
17%
16¥a
17
16%
17 Va
17 %
17%
18
18
177/a
18
17%
18
17%
17%
28
*27%
28 ¥a
27%
33%
'33%
34
*106
9%
*34
35
*34
*113
118
*113
*46
*26%
107'
*26%
33%
33:.
*106
9%
8%
35;
118 f-
27%
33 %
*
'
34%
*113
107
9
34%
118
*106
8%
34%
*112
321 *
107
8
11%
>
.
•
¥4
'34%
117
18 Va
27 y*
27 %
33
33 Va
107
8%
17%
-
32 Va
107
*106 V4
k
9
*34
35
*112
*28
110
'11,800
,
"
117
9
.*34
28%
50
,
"
"
6,700
-
500
9%
;
Jan
Jan
8
46
Jan
75
Sep
Jan
7
49
Jan
84
Dec
17
30
40 ¥4
Jun
110
V
*115
117
10%
10%
10%
10%,
*10%
llVa
10%
107'a
*10 7/8
11%
13
12%
13
12%
12%
12%
12%
12%
12Va
12%
13
4,900
37
37%
37
37%
36%
37%
35 ¥4
36%
36 Va
36¥a
36%
30V4
4,600
1367.
'
of Del
Works
(The)
■
,
•
Bath
Oil
Iron
Bayuk
$4.25
'.
:
Corp
Inc
Creamery
'•
Beech
preferred
Aircraft Corp
1
Beech
Creek
'
97% July
59
Jan
<
13
29
Jan
39¥a
Oct
6
100
Jan
108%
Nov
68 % Mar 18
44%
7
91% Mar 31
66
25 ¥e Jan
3
39% Mar 22
Feb
15
8
-
Jan
90 Va
July
24 %
Nov
38
May
19
Jan
36%
Oct
65
Mar 15
44
Jan
68
Oct
18 ¥4
Jan
28% May
14
31% Mar 16
107% Feb
18
111% Mar 16
llVa Jan
3
13 Va Mar 22
53 V4 Jan
7
56
4
13 ¥4 May
Jan
57
24
52
Jan
9
113
Jan
58 Va Jan
7%
Jan
25
8¥a Feb
1
2¥4
Jan
No par
3
75% Jan
4
28 Va
Jan
3¥a Jan' •" 3
4 V4 Feb
24
16 % Feb
Sep
Jan
.
29
7
113%
6%
24
Mar
Mar
50%
Feb
117
106
Jan
14% Mar 31
677/a July
Mar 23
24% Jan
55% Mar 10
Jan
30
'
114 V Jan
94% July
Jan
37
3
59% Jan
Jun
106% Jan
X70V4 Feb
21
3¥a Nov
68 ¥4
123
16
9 ¥8
Sep
July
Jun
Dec
Aug
85% Aug
6¥a
Apr
18 ¥4 Feb
i'21% Mar 16
10%
Jan
20%
Dec
5¥a Jan
3
9V» Mar 22
3¥a
Jan
10
Apr
9¥a
Jan
3
16% Mar 23
6
Jan
14¥a
Apr
5% Jan
50
RR
Aviation
15%
Jan
19
par
i.No par
50
;
—5
1
No par
1
25
No par
1
7
Mar
22
12 %
Apr
Jan
27
34%
Jan
63%
Dec
26% Jan
24
12
Feb
28% July
3
12
60
Jan
4
65
23%
Feb
26
12
Jan
4
147a Mar 16
-43
4 Jan
24
46 Va Mar 20
30
Jan
13
18¥a Mar 17
12 Va
15 V4 Jan •'•■ 3
18Vs Mar 15
13%
Jan
20% Mar
29 Va Mar 16
23 Va
Jan
34%*Jan
24%
Jan
.
9% Jan
15%
Sep
Jan
47
Sep
Jan
19% July
5% Jan
16%
25% Feb
15
31% Jan
7
106% Jan
12
8% Mar 21
31
Jan
11
17
108% Feb
28
11% Jan
3
34 V4 Mar 28
105 Va
Dec
7% Nov
25%
93
Jan
Jan
X29
May
33 ¥4 July
xllO
Sep
14 ¥a Sep
33% July
114
Aug
_20
No par
1
Belding-Hemingway
Bell Aircraft Corp...
Bendix
Jan
92 Vi Mar 28
3
Jan
Oct
6%
72%
53% Jan
25
Jun
14% Mar 13
16
82
Jun
10%
110
98% Mar 17
103 V4 Jan
•-
Feb
10%
13
Beech-Nut Paoking Co^
400
92
Mar 16
-
.
Co.
Works
Cigars
Beatrice
Jan
100
50
100
10
preferred
5% %
4¥a
Sep
100
t C-
v
Ohio.
preferred.
Bangor & Aroostook
Conv 5 %
preferred
Barber Asphalt Corp
Barnsdall
Jan
10¥a Mar 16
3
»
6%
110
4
.
Jan
10 V4 Mar 11
3
Jan
85% Jan
4
Sep
3
17
35 ^ Feb
-No par
;
'3,000
35
11
Fpr footnotes see page
'
10 ;V
13
i
'..
..1.100
'
100
No
Barker Brothers—'—
.5,300
'
331/4
107%
*
*•
400
17 Va
,
2,200
No par
4%
v
46
17%
Corp
yX'fy
13'%
10%
62%
Aviation
15,800
£
6%
7
12% Jan :¥4
—1
.100
.25
-100
5
50
Feb
47%
i 39% Jan
Mar
Jan
Apr
3Va
Jan
119
Jan
8% Jan
90
14 %
Jan
89
9Vi- Feb
102 *
Apr
Mar
6VaJan
Jan
•74% Jan
J
116
Apr
34;
UV4 Mar 20
2
Jan
5 "
Apr
Jan
24 Va
116% Feb
2% Jan '
7%
Nov
42%
6
42
.
3% Nov
5Vt Mar 16
Jan
:
88%
27% Mar 16
V25V4 Mar 25
Jan,
Jan
49¥4 Mar 16
.
7-
r<
37
*
.—.
19%
4
10%
•
prior A
8 Va
3Ve
62 Va
46%
~,.$5
19%
8%
>;
62¥a
*46
70
3%
May
3%
53 ¥4
9 V4 Mar 16
No par
Corp.—
3%
9
8% Mar 15
88 V4 Mar 23
_—5
No par
100
1
.—100
100
-
3¥a
Aug
3
No
Nichols
Austin
1,300
Sep
121 %
3
—100
preferred
Atlas Tack
300
8
*70
49 %
Jan
10
85
Lines
Powder
19%*,
3¥a
4
14%
15%
71%
7%
*70
Jan
6V4 Jan
114
.
W 1 SS
conv
July
6 Va Jan
24
preferred.
Atlas
*1161/4
Jan
63 ¥4
84% Jan
20
Corp—
6%
116%
10%
11
1
Aug
32% Aug
158% July
,434% Feb
25
non-cum
Atlas
7,500
...
Jun
115
6
No par
Line' RR
Coast
&
,5%
55¥a
8
16 Va
28¥a
IIIV4
24
9%
Jan
21%
8
3
—5
preferred
Atlantic Refining
I
A% conv pref series'A
28%
25%
107
91
21
3
20
—5
Col.
I
Corp
I
Atl
116%
71
-
t
110%
*.
63
'
Mar
Jan
Dec
17% July
33
Jan
3
preferred
Atlantic
16
Jan
17% Jan
56 ¥4 Jan
No par
—
Cork
Constable
100
64
*62¥a
*46
12
Mar 31
57% Jan
26
No
500
281/4 '.
*24 Vs
11%
*10%
7
26
16
preferred....—
Topeka & Santa Fe
5%
13,000
63
11
*62%
9%
5%
Atch
1,800
381/4
*61
Va
12 ¥4
16
7%
8%
*106
llVa Mar
-22% Mar 21
Jan
Inc
Goods
1st'preferred
'
2d preferred—
6%
7%
100
*
91 Va
111%
111%
54
56%
*69
72
*111%
117
*15%
8
*70%
28
28%
28
13
*54%
117
20 Va
33%
16 V4 Jan»" 4
3
24¥a Jan
Assoc Investment Co.——
■■•:
20,600
37 ¥<
-
T"
240
106'%
65%
64
55%
12%
55 %'
4
3%
28
20
12.50
Associated Dry
,2,800
*
351/4
1061/4
29
62
*27
62
.
*341/4
.
108
*106%
63%
29%
71
-71
"
29% May
No par
preferred
7%
10
Apr
151% Aug
Feb
156
Apr
Jan
Jan
'■
45
Oct
36
27
47%
161;";. Aug
195/s
11
111
Dec
141%
16% Jan
29
Feb
par
36
8
15 K Jan
'
.
par
Mar 30
27% Mar 16
3
•
111%
*
>
97Va
66%
*89%
150 V4 Feb
Mar
24% Jan
44 V Feb
prior preferred.
preferred
Artloom
1,400
•
13%
97%
107%
8
147
par
1
of Illinois
Co
Armstrong
Arnold
1,100
113
*13%
7%
a,000
9Ve 'X
&
$6 conv
310
*
37%
9%
36%
*106
Jan
—25
50
Minings.
Midl'd
Daniels
Armour
10,600
84%
90%
.
Archer
83%
84
"
97%
97%
*34%
500
J
35 ¥4
par
Mining—
Copper
A
20
No par
—
P W Paper Co
100
Feb
43 Vt Jan
39% Mar 16
153
May
327's Mar
Dec
par
No
No
$5 div preferred——:
Andes
2%
*47 ¥4
,
'
11
*2 Va
1
Anchor Hock Glass Corp
115
13%
13%
*90 %
-
Elec
Anaconda Wire & Cable..
•1,800
144%
4
3
'
85
*84%
11
&
Anaconda Copper
600
1
24%
13
40% Jan
25
Apr
18
12% Jai)
16
100
Wks
Woolen
$5 prior conv preferred
■,'v
16,800
26 ¥4 V
4*23%
115
5%
*48
26%
24% J;
.
Amer Zinc Lead & Smelt—
{2,200
50%
Corp..
1st preferred
Preferred
15%
36% Jan
Vl47/-; Jan
100
10
14
100
Foundries Inc
Viscose
Water
Jan
8%
16 % Mar 15
15% Mar 14
30
25
preferred
American
y
2,700
4¥4 r'"
*45'
26
24%
Am
$6
5,100
83%
*4%
.
50%
25 Va
25%
25%
%
*40
50Va
'
25%
'
26%
25
*45
50 %
5%
69% July
7
Feb
Oct
16 % July
Jan
25
B
preferred
American
11,600
8%
83 %f.
4%
X7 200
class
173
Jan
' 3
100
No
Tobacco
Amer Type
":X
Feb
21
100
Telep & Teleg Co
6%
90%
8%
48%
*2% 7-
Oct
10 Va
Jan
13%
100
Common
5,300
7%
*88
8%
Amer
4,000
7¥a
94
7 ¥4
4%
4%
10%
No
Co
Tobacco
Sumatra
American
450
;
119
7.%
*90
93
*
4,500
43 Va
43%
119
Am
4,900
143%
10 Va
43%
*117¥4
'7%
8 %'
7%
10%
8,100
r
61
Stove
Preferred
200
62
-
143
11
*10%
4% May
54
13% Feb
No par
American Stores-.—
200
157%
61%
61 ¥4
118%
'7%
7%
*89
8% '
157%
611/4
61%
143
■j
27Va
"
*46
*47%
*114
7%
92
157V4
43
43
*117%
118
118
27
62
143%
10%
10%
44%
43%
;
143
143%
118
118%
157%
61
61%
10%
V
45'%
45..
*118
117%
27
61%
62
62%
143
10%
10%
45%
*116%
27
157%
157%
61%
r
32%
*26%
61
143
143
10%
45%
157%
v
31%
116 Va
116%
28
*27
27%
28
*27%
30%
"
154
9
26 Vs Jan
100
No
Foundries—
21%
r 800
8
14% Mar 16
68% Mar
25
Smelting & Refg_
Preferred
American Snuff
150
25%
Jan
3
3
100
Amer
310
300
166
12% Jan
62% Jan
18.50
No par
No par
-No par
Safety Razor
Seating Co„
Ship Building Col
5,300
43
25 %
24%
38 V8
153
V
25
100
*15%
,.
Jun
21
-—TOO
Amer
410
*42
150
*147%
150
*147%
149%
*147%
149%
42%
42
42
42%
*42
*147%
28
152
43
.
68%
37 Va
152 Va
151%
*42
42%
67
37%
37
38
*151%
38
37%
Jun
10 Va
2% Jan
No par
Rolling Mill.
conv preferred.
67
28%
15%
par
American
8,100
15%
151%
Sep
Jan
Feb
Oct
par
No
No
Rad & Stand San'y
14%
■
82%
44 ¥a Feb
No par
Preferred
170
13%
-
Am
28,700
66%
—
47
17% May
x26
5
18
15
Jan
NOV
7%
Mar 31
21
Feb
Feb
12%
15¥a Mar 28
4
.
Sep
9 % May
>7%
Nov
7 ¥4
68
Mar 15
Jan
20
—100
...
93
115V4 Feb
No par
No
8¥a Jan
V,
46 %
xl9% Mar 16
4
66%
Jan
Jun
•
10
9%
13%
May
5%
Jan
'■■!
*166
May
5
7% Mar 31
Co.—i
preferred
preferred
$6
9,600
.
70
Jan
8% Mar 15
Amer Power 81 Light
,
Jan
8
—
News
Apr
12
"—
preferred
American
230
;
Apr
4%
7% Jan
■
Metals Co Ltd—
20%
21'/a
36 ¥a
407/a
2
7% Mar 31
10
Jun
Jan
6% Jan
61
Jan
Jun
July
Jan
2%
21
1
'• Mar 27
•*
May
53 %
5
100
Locomotive
preferred
Feb
30
Jun
Apr
35
Mar 23
4% Jan
per
of 111
Co
9
Jan
7
—No
Corp
4%
23
24¥s Mar
Jan
6%
.
.10
68
Amer
4.7
5% Mar 16
10
Jan
4
220
51
29% May
65
1,300
49%;
46 Va
Nov
par
20%
;
22 V4
—1
No par
48.
10
Mar 22
90 V4 Mar 22
4
Jan,
15VB
No par
51%
Jan
No
Fdy Co
47%
Jan
6 ¥4
i
21
Metals
51
29
154% Dec
,1%
7
Jan
&
2%
;
11% May
26
Jan
37
&
2%
Dec
43
Mach
2%
42%
8
Amer Mach
2%
Jun
11
33% Mar
Amer
2%
Feb
104%
3
3% Jan
39% Mar 31
3,900
34
18 ¥a
Jan
10
5,000
34%
26
.,'
Dec
2.% Jan
.10
68
C:
Jan
97%
2
53% Jan
5
Jan
6%
13%
3
Mar
.1
50
15%
*34
Mar 16
Apr
3
Feb
16% Mar
2V4 Mar ,6
15%
118
Jun
July
5
10% -10%
%
24%
45 %
10 % Jan
10'/a
341
80
Jan
14 ;■< Mar 10
7
101% Feb
—10
10
100
20
15%
34
Nov
I8V4
116% July
10
20%
Jan
59%
25% Mar 22
112 ¥4 May
15%
118
24 V4
81% Mar 23
Feb
10 %
21 %
39¥4 Mar 16
4
Nov
15%
118
3
26
96
91%
20%
9i¥4 July
185% July
107
15%
*10
9% May
Jan
16
91
*117%
Jan
Nov
71%
168
116% Mar 13
15%
10 %
-
Apr
110% Feb
90%
21%
3
Mar 21
Nov
18
15%
1181
3%
25
177
5
9 ¥4
43 ¥4 July
134
Aug
20
90
*20%
,
61
103% Feb
preferred
conv
7%
1,200
j
Jan
108 Vi Jan
Products
Invest
American
47%
*46 %
*10
Jan
lOVsJan
1
68 ¥4 Jan
23
.,
87 Yt Feb
3... •'
Mar
Mar 29
Jan
88
*117%
132
Mar 24
82
100
No par
preferred
Internat
Amer
1,200
7
*46%
47 %
*46%
"
18%
18%
128
65
■
7
7%
47%
*46
Jan
Co
—
6% non-cum
800
J
47
127%
preferred.
Ice
American
Jan
Sep
76% July
18 Va Dec
Jan
4
& Leather—
Hide
conv
American Home
20,800
68
7%
7
7
6%
68
7%
-
6%
100
31
.7%
8%
40
6%
6%
70.
'72
8
8%
*39%
40%
65%
7%
■3%
71
72
*8 %
*39%
65%
65
7%
6%
72
40%
*39%
40%
65%
3%
3%
3%
preferred
$6
.:..
8%
Jan
1
—
74
78
'
23%
52
18¥s Mar 16
27%
No par
1
No par
No par
No par
No par
preferred
$7 2d preferred A—_
$7
77%-
21%
4
Amer &
3,000
26,600
23%
79
35
8,600
22%
23
35%
*77%
5 %
85%
21%
23%
23%
5
87%
_
34
25
Tiling
American
83
5%-
5%
5%
89
86 %
Jan
100
Export Lines Inc
Foreign Power..
1,200
Jan
23
66% Mar 13
■
x67
14
No par
Encaustic
26%
25%
26%
28
8
31% Jan
42% Feb
preferred
European Sees
Amer
•
26%
preferred—
Chicle
American
•1,500
2%
9%
Oct
Jun
Sep
Dec
2% July
86% Jan
14
1st
Amer
3,000
28
*2% :
V 31%
V37V4 Jan
Co
Crystal Sugar
preferred
Distilling Co stamped
6%
Sep
Jan
16%
Jan
American
50
23 ¥1
Jan
4%
American Colortype
1,900
i
Jan
%
13%
17
No
Fdy
&
17¥a
17
15% Jan
100
1
25
Cable Inc
&
conv
American
',; 430
14%
.
Car
25
Mar 24
3
preferred
non-cum
Jan
36
16»/4 Feb,;;9
100
Chain
Am
July'
14
Can
American
1,700
23 Va
43%
Jan
Preferred
12,900
35¥a
97
Jan
No par
Co—
conv
Jan
Jan
26 Va
7% Jan
Cable & Radio Corp
Amer
170
*75 %
Shoe
American
2,600
103%
27%
29%,
12,500
11%'
,
14%
*102
103%
27%
29%
*28%
23%
*110%
112
*11
14%
14%
*102
23%
-
112
•
11%.
*U
14%
14%
14%
14%
113
110
175%
177
36%
*75
110%
23%
24%
109%
*112
12
*11%
12
*11%
23%
109%
9
86%
175%
86
75 ¥4
35%
35%
78%
~
37%
*175%
5Vi %
380
8V4
8%
86%
175%
175%
175%
175%
8s/a
85%
85
128
128
128
8%
85%
8%
9
86%-
128
128
*126%
128
8%
86
86%
86%
87
*127%
9%
9
9%
9
128
128
128
128
38
38
38%
38%
6V4
73 ¥4
3V4 Feb
>
.
Mar 30
60
Mar 22
1
Corp
Brake
Am
■»,
Highest
S per share
per share
Mar 21
.
40Jan
20
4
•58 V4 Jan
10
Bosch
American
Jan-
29
—50
preferred
6%
300
Note
Bank
American
2,500
18
17%
18
17%
17
18
*38
par
American
17%
■17%
17%
Amer
3,000
63
17
2
$
5
100
17% Mar 30
,28% Jan 12
82 ,'v Mar 29
Agricultural Chemlcal.No par
Airlines tnc
10
1,000
62 %
62
Corp—No
Petroleum
Amerada
30
*28Va
29%
30%
29%
*30%
*65%
1,660
:.17
v.
35% Feb ,15,
1
50
preferred
6% conv
84
$ per share
27
96V4 Jan ...3
Year 1943
,
Lowest
Highest
14% Jan
No par
100
No par
No par
t
Alpha Portland Cem
36%
83
Lowest
Amalgam Leather Co Inc
300
'
82
82
Range since January 1
*
Mfg
Allis-Chalmers
2,000
3
*34%
36%
V
'
preferred
5%
10,800
18%
36%
2%
2%
•
Stores Corp
Allied
700
37
36¥a
'
•*
,
$ per share
9,200
16
100
100
17%"
*17%
3
3
3
,
•'
EXCHANGE
'Shares
share
15%
16%
36%
36%
,17%
36 %
$ per
share
100
J. 00
100
100
100
xJ.5%
16 %
15%
16%
16%
100
100
100
101
$ per
$ per share
$ per share
share
16%
16%
16%
16%
♦99%
per
Range for Previous
|
STOCK
YORK
NEW
for
the Week
Mar. 31
Mar. SO
"
Mar. 29
Mar. 28
Sales
Friday
.Thursday
Wednesday
Tuesday
Mar. 27
STOCKS
PRICES
SALE
HIGH
LOW AND
Monday
Saturday
•
114% Jan
Feb
15
3
11% Jan
24
9Va
Dec
ll7/a July
11% Jan
4
15% Jan
11
9Va
Nov
20% Mar
5
33% Jan
13
Nov
39Vs
10% Jan
21
-
117
37% Mar
8
33
Apr
Volume
Number 4269
159
LOW
Monday
Saturday
Mar. 25
'$ per share
$
per
HIGH
AND
SALE
/
share
STOCKS
PRICES
Mar. 28
Mar. 29
$ per share
Mar
.<
18%
18%
18%
18%
18%
*18%
18%
*54%
55%
*54%
55%
*54%
56 1
*54'%
55%
39%
39%
39%
39%
*39
39%
36%
37%
19
19
18%
.A
5934
59%
117%
117%
41%
40%
*40
*18%
18%
,
60
*16
17%
*15%
15%
*96
50
—-?39
18%
117
18%
18%
8%
*95
98%
15%
49%
90%
18
17%
*16%
15%
15%
*94
98%
49%
95
15%
15%
49%
49%
49%
48%
98%
49
90%
*90
90 %
90%
90%
*90
'49%
49
49%
49%
49%
*49%
35
35
34%
35
34%
34%
*34'A
35%
34%
35
35%
35% •>
30 %
30%
30%
30%
30%
30%
30%
30%
30%
30%
30%
36%
36%
36%
36%
36
36%
35%
36
35%
36
4%
4%
*4%
4%
*38%
38%
38%
38%
'
*4%
5
4%
*38%
39
*38%
15 %
15%
51%
5
38%
15/4
14%
*5C%
45
9%
10%
31 %
31%
31%
'31%
42%
42',
42%
>
42%
45
20
:
*45
•
300
11,400
9%
31
42 %
45
18%'
18%
18%
18%
18.%
*123
125""'"
61 '
*122
61
,
8%
■
9%
9%
118%
*118%
7%
124"'"
<
12 f
120
•
~
9%
*117
10%
31%
8,200
*41%
42%
500
45
<
^
3,400
.
Brlggs '& Stratton
Bristol-Myers Co
20%
12.300
*41 %
42%
200
18%
18%
18%
2,200
7,000
Bucyrus-Erie
Brown Shoe Co
9%
9%
9%
9%
*118%
119%
119%
119%
20
7%
.6%
6%
6%
7%
7,600
Budd
*119
119%
'"-480
120 " ;
119%
ii9%;
60%
58%
60%
58%
58%
8%
8%
7%
8%
7%
7%
18%
18%
18%
18%
*18%
18%
18%
18%
*18%
18 %
700
*19%
19 %
19%
19%
19%
19%
19%
19%
xl9%
19%
1,100
33
33
32%
32%
33
*32
28%
29
28%
28%
59%
60
60
60
480
7%
.
8
8
8
3.200
13%
Jan
19% July
9%
Jan
19
100
Nov
July
21% Mar
52 % Mar 13
41%
Jan
56 % May
95
Feb
50% Feb
51
Jan
35
3
"30% Mar 30
22 %
Jan
30.
Jan
39
Jan
7
38%
5%
40
16%
51 %
10%
32%
26%
Jan
3
3
3
Feb
1
Jan
4
Jan 28
Jan
4
Mar 11
J
Wheel
28%
No
38%
Dec
11% Nov
14%
Nov
45
Nov
Apr
Mar 17
8%
Nov
12%
20%
Jan
30%
33
Jan
44
37%
Jan
44%' May
9 %
18%
20
*32 %
33
29
*28%
*109%
*109%
110%
13
13
5
5
110%
5
12%
65%
66
67
49
49%
10%
10%
10%
*28%
29%
3%
3%
79%'
110%
*109%
13
12%
4%
27%
Jan
8%
28
26%
56
56%
12
6%
6%
%
ii!
6%
17%
16
25%
120
21
21
800
39
39
39
39
1
9%
9%
9
*20%
27
27
*%
27 %
27
56%
*56
%
Callahan
v
4,400
16%
17
17
17
1,500
26
26
26%
26%
26%
3,900
*37
39%
38%
38%
160
^*38%
9%
6%
38%
9
r
6%
6%
6%
*16%
47
9%
9%
9%
9%
9%
44
*43%
44%
*43 %
44%
43%
43'A
*42%
44V8
*7%
7%
8
7%
7%
7%
7%
*7%
7%
*7%
46
102
46
*101%
> 29%
29%
4%1:
;
•
102
4%
29%
">
46
46
*46
101
»
102
*101
29%
29%
4%
4%
47
101%
29
29
■"
36%
*148%
49
•
36%
36%
49
36%
35%
148%
148%
49%
48%
49 %
/
37%
36/%
103
103
103
120 ,s6
120%
118'%
4%;
36%
148%
150
118%
36%
103
120%
*118
120
101%
~
h
120
48%
&
.
12
11%
11%
11%
11%
17%
17%
17%
17%
18
21/4
21*
21%
21%
21
21%
*3
3%
109%
2%
109%
109%
3
2%
109%
13
13%
13
13%
*24
24%
24%
24%
8%
*7%
8%
*7%
*116
119
33%
120
*116
.
33%
'33%
109
5%
5%
5%
5%
62%
63%
60%
62 %
*18
18%
18%
25
25
110
25
<
32%
*32
18%
*18%
25
*109%
.
32%
*109%
32%
11%
11%
2,800
17%'
350
7%
33%
5%
61%
60
12%
23%
24
*7%
8
*7%
8
115
33%
5%
12%
5%
32
32%
12 % •'
12%
12%
J
*12%
.12%
*12%
46%
46%
46%
46%
45%
45%
45%
45%
45%
9%
8%
8%
7%
8%
7%
,8%
8%
8%
8%
18%
18%
18 %
18%
17%
18%
17%
XJ.6%
-16%
16%
7'A
7%
7%
7%
6%
24%
24%
24%
24%
23%
24%
7%
13
18
6%
24
6%
7
23%
22%
23%
7%
23%
6%
Jan
27%
33% Jan
8% Jan
43% Jan
7
40% Mar 21
>29%
Jan
38
3
10% Feb
18
6 3/8
Feb
4
45% Jan
18
36%
Jan
11% May
473/4 July
4%
Jan
23%
23%
24
24%
24%
3,600
54%
54%
55%
55
55%
18
17%
17% J.
17%
17
17%
*16%
17%
17%
17%
17%
17%
17%
Class
*40
40%
*48
49%
*14%
14%
*14
*15%
16
*15
2%
2%
40%
40%
41
40%
41
49%
47%
48%
*47%
50
14%
14%
14%.
*14
14%
15%
15
15
*■
2%
28
*26
40%
49%
,
*26
2%
28
2%
84%
84%
84%
82%
17%
17%
17%
17%
16%
105%
105%
*105
105%
*105
59%
...
28'
*26
84%
7%
58%
59%
8%
7%
*78%
8
57
.
8
57%
*7%
8
39
39
39
*39
*145
155
*142
85
*80
85
*80
85
*80
85
*107
108
*113
41
*92%
*52%:
35%
36%
i-
55
*64%
*52%
33%
36
36%
150
*115 *
65%
105%
105%
*105%
'
26%
66
36%
116
66%
200
15%
300
2%
2%
7,600
27
*25%
27
83%
83%
84
10,400
17%
17%
17%
1,200
*105
105 %
105%
105 %
100
*56%
58
57%
>
8
39
*113
8
39%
.
39%
155
*142
85
*80
114%
*113
57%
190
8%
1,700
39%
600
155
A
j.
113
11
26%
25%
105%
105%
26
36%
2,800
%
50
64%
65%
65
65
26%
26%
26%
26%.
3,100
105%
105%,
90
105%
*105%
106
28%
28%
28%
27%
27%
27%
28
'*111%
111%
*111%
27%
112
27%
111%
111%
111%
*111%
li2
15%
15%
15%
15%
15%
16
*
16%
16%
17
17%
17%
17%
1.510'
17%
18%
18%
18%
18%
18%
2,610
*16%
17%
17%
17%
17%
17%'
16
17%
16%
18
19
19
16%
20
18
19%
18
18%
17%
18
16
.
:
1,300
30
,
1,500
370
29%
28%
29%
28%
28%
28%
28%
28%
28%
28%
28%
2,100
29
*28%
29
29
28%
28 %
28%
28%
28%
28%
28%
28%
2,900
For footnotes
see,
page
Jan
3
Jan
3
18% Feb
19% Jan
3
22
95% Jan
12% Mar 13
♦' 17
119
96%
122ya Mar 16
2
-
2% Jan
13
Jan
31
Jan
4
107
9
j. Jan 26
-
16%
147
*
Dec
Dec
54% July
40% Jun
108
July
Sep
Sep
14% Apr
21
July
Jan
128%
Feb
120%
8% Jan
16% Nov
1
Mar 13
Jan
3% Mar 16
1%
Jan
109% Mar 25
973/4
jan
23%
Jun
3% Mar
111
Aug
3
Jan
18%
Jun
8
13
Jan
25
Dec
8% Jan 31
3
Jan
Mar 28
98
Mar
115
41
Mar 20
15
26% Mar
7% Jan
15
Feb
19
30% Feb
15
3
57% Jan
17
65% Mar 13
Mar 29
8% Nov
60 \ Mar 29
110
60
11
Feb
44% Jan
18
;
6
3
4% Jan
i8
Jan
3
116
4
x33
Jan
6% Jan 25
-3
Jan
37I/2 jan
32%
4
34% Mar
Jan
>163/4 Nov" 1
18
Jan
99% Jan.
18% Mar 22
8%
7
Jan ~
Sep
Apr
73/a Jun
72% Oct
193/4
24
Apr
July
109
Deo
34
July
July
13% Mar 16
6
33 3A
Jan
50
Mar 24
2%
Jan
18% Mar 24
7%
Jan
Mar
48
7% Mar 22
2%
Jan
9% May
17% May
7% May
25% Mar 22
10%
Jan
21%
Jun
Jan
16%
Dec
Jan
22
9
Chicago & Northwest'n wi—Wo par
28% Feb
24
100
53
Mar
4
57% Feb
24
5%
preferred w i—
Order Co—
Chicago Mail
tChilds Co——
.
/»
16% Jan
Jan
preferred———
86% Mar 16
67%
Jan
5
17% Mar 23
107
Feb
5
10%
Jan
Jan
3
Feb
11
Jan
12
Feb
17
Jan
7
Mar 21
Mar 27
Feb
26
Jan
Jan
37% Mar 13
Mar 13
18
149
26
116% Mar 14
Jan
11
Jan
6
2
Feb 29
Mar
4
Jan
\ 283/4 Jan
101% Jan
.
Dec
Feb
54
Sep
Sep
33% Nov
33% Jan
142"
88
May
Jan
Dec
12
xl03%
Dec
Jan
114
17
-
Jan
11
Jan.
7
18% Mar 22
Jan.
3
Jan
4
20% Mar 22
Jan
4
.18% Mar 21
26%
Jan
4
29% Mar 23
25%
Jan
4
29 Va Mar
23
Dec
50
Jan
293/4 Mar 16
Jun
42 %
92%
16%
108
Dec
1163A Aug
108%
28% Mar 16
18
74%
Jan
61
Feb
67
39% July
145
84
21
Feb
14
109%
115% Jan
Feb
Jan
32% Nov
Feb
38% Mar 15
Mar
Jun
Mar
Feb
3
8%
67
*
41% Jan 25
109
Jan 12
92% Jan 10
Sep
Dec
2% Jan
123
Jan
153A Aug
63%
7
,
853/g July
106
Feb
78% Jan 29
53
Jan
27
9% Mar 17
401% Mar 16
148
Mar 22
10
96% Jan
4
13
'.
32% Apr
28
7
65
Jun
243/4 Jan
5
9
12
18
33A May
Mar
Jan
Apr
41% May
54
May
153A Apr
Dec
Jan
Mar 28
103%
26 A
109%
15%
U%
12%
1
Feb
23%
♦
Jan
133/e Jan
29
2% Mar 24
62%
Colo Fuel Si Iron Corp.
1367.
3
76
112%
39 %
106
92 %
52%
33
34%
145
111
—WO par
—100
No par
IColorado & Southern——100
4% non-cum 1st preferred—100
4% non-cum 2nd preferred_i_10O
Columbia Br'd Sys Inc cl A
2.50
Class B——
-2.50
conv
Mar 28
Dec
11%
14% Jan 22
148
-
5%
51
4
77%
14%
104
56%
6%
35%
No par
48
26
6
Jan
25%
5%
Collins & Aikman,
Jan
Jan
1% Jan
100
preferred——;——Wd par
36% Nov
8
15
10
Clev Graph Bronze
$4.25
15%
41% Mar
13
Chile Copper Co
st
25
Chrysler Corp
5
City Ice & Fuel
Wo par
6%% preferred
100
City Investing Co
100
City Stores
5
Clark Equipment
Wo par
C. C. C. & St. Louis Ry. Co.-—100
....
18% Mar 14
19% Mar 16
7
47
—No par
preferred—
3
15% Feb 24
No par
No par.
—Wo par
$3 conv preferred
Pr pf ($2.50) cum div
Chicago Yellow Calx.
Chickaslia Cotton Oil
6
16% Jan
38% Jan
5
Chicago Pneumat Tool——Wo par
Colgate-PalmoHve-Peet——Nd par
25%
65%
3,300
35
Jan
Nov
263/4 Jan
4
14
3
370
64%
36%
Feb
125% Jan
11% Jan
300
35
36
107
Mar 15
—40
—
116
35
40
24
Mar 21
5% Jan
*113%
55
40% Jan
35% Mar 30
120
par
116
*52%
127% Jan
50% Mar 13
4
*113
35%
55
12
27% Jan
.
115
34%
93
tyar 15
4
114%
•
*92%
Mar 16
150
24
150
36
93
100'
39
5
27% Feb
*148
*52%
55
200
40%
4
Jan
112% Feb
Clev El Ilium $4.50 pfd
108
Dec
Feb
Mar 29
85
*106%
Jan
32%
9% Apr
:
Jan
3%
4
150
35%
*92%
34%
40%
40%
108
25%
3
*148
33%
*39%
*106%
31% May
5% Apr
393/4 Dec
28
X4% Mar 14
30% Feb
11
148%
*52%
39%
97%
23
5 %
114%
Jan
Jan
148%
93
150
40
14%
*15%
*80
108
*92%
35%
1,100:
50
X85
103
Co (The)
1
preferred——
———100
Clev & Pitts RR Co 1% gtd
50
Special gtd 4% stock
50'
Climax Molybdenum
No par
Cluett Peabody & Co
No par
-L Preferred -J
—100
Coca-Cola Co (The)
No par
Class A
No par
39%
*106%
93
55
40%
*49%
*14
2%
,*142
114%
108
105%
106
39%
41
17%
18%
18
66%
*113
40%
50
111%
16
16%
17%
*115
114%
40%
J.4
28%
28%
19
36%
*148
116
26%
*17%
*92%
55
26%
111%
*106
94
36
*148
66%
28%
*39%
106
26%
*16
*113
35%
36%
*111%
41
*52%
35%
116
*115
106
*92%
93
150
*148
114%
*39%
2,100
15%
'
155
-
900
17%
*17
105%
155
17%
17%
2%
82%
17
*56%
*16%
17%
*15%
*25%
39
*39
,
83
17
*105
14
27
*25%
82
'
40%
2%
*145
*
114%
*113
29
105%
56%
8%
,
84%
♦17
17%
17%
*47%
.
15
2%
155
*39%
*145
40
59
15
2%
*17
102% Mar 31
44% Jan
Chicago Great West RR Co—;—50
5% preferred
50
14,500
*17%
46% July
4
4
34%
'
18
Jan
Jan
Jan
7,300
53%
40
Jan
16,500
23
48 i. Mar 21
18
23%
24%
8% Mar 16
4
16
146
Dec
Mar
19
Jan
4
Apr
Apr
Feb
Jan
28%
Mar
Jan
23
16,200
54%
par
108
16%
54
193A
13%
Mar 16
—100
—5
5
25
Chic & East 111 RR Co——Wo
23%
X133A Nov
18
27% Mar 23
No par
preferred
Checker Cab Mfg
Chesapeake Corp of Va.
Chesapeake & Ohio Ry
55%
9%
Fib Col—Wo par
6%
10,100
24%
Dec
3
100
deposit——100
18,900.
24%
4
6%
8
prior preferred
Certificates of
8%
17%
55%
28
Feb
-.
4% Jan
7%
7
24
400
13
1% Mar
7% Feb
Jan
No par
45%
>
56
Jan
6%
Products——
Champion Pap &
55
24%
55%
*12%
Jun
%
15'A
23%
100
Chain Belt Co
2,200
30% July
523/4
11
3
23
——
1,210
210-
Jan
8
% Jan
Jan
.—No par
Century Ribbon Mills
Preferred
300.
<:
22%
56 3A Mar
3
Central Violeta Sugar Co
-700
24%
110
28% Mar 11
25% May
4
,
10
18%
24%
8%
13
-
Apr
Jan
16
24
No par
Celanese Corp of Amer
No par
5% series prior preferred
100
7 % prior preferred
100
7% 2d preferred
100
Celotex Corp—.
No par
5% preferred _——
20
Central" Agulrre Assoc
—Wo par
Central Foundry Co
1
Central 111 Lt 4V»% preferred—100
fCent RR of New Jersey
100
2,600
5%
62
Apr
Feb
Caterpillar Tractor
Cerro de Pasco Copper--
61
*109
31%
100
5%
18% July
83%
Jan
100
Certain-teed
*17%
18%
24%
109%
%
Co new
3,600
*60
*24%
3,500.
1,400'
(J I)
34
5%
61%
61
12% ;
46
Jan
65% Nov
Jan
1
25
Preferred
30
33%
61%
18%
Jan
9%
Mar 13
Jan
3
Mar 16
Mar 8
Jan 18
/
%
5
—t
115
115
33%
60%
31
30
109
109%
109
12%
46%
*12%
5,600
23%
109%
24%
110
9Q
31%
109%
4,000
3%
12%
*59%
18%
18%
109%
*108%
21%
-
3%
3
*113
115
*24
24%
21
21%
23%
12%
'23
5%
110
29%
160
17%
60%
18%
24%
110
'4,700
103
17%
60
*109%
36%
36
103
2,400
11%
33
5%
63%
36%
49%
17%
*112%
33%
5%
49 Va
11%
7%
116
62%
49%
11%
109%
No
Case
730
11%
2%
class
Carpenter Steel Co
70
200
3
Mills
Administration
preferred A
Capital
1,100
,
119%
X21
29%
3%
15%
80
22%
Mar 27
24%
53%
par
Copper
5,400
4%
36%
149
120%
23
8%
33
4%
5tf%
*148%
119%
109%
13
24
*7%
fa
36%
149
120%
3
Cons
Carriers & General Corp—
119%
21%
8
400
120%
3
109
11 %
24
116
33 %
3
Feb
Jan
29%
120 M
20%
•
Oct
20%
10% July
29% Nov
102%
118%
11%
May
49
Jan
J9%
120%
118
75
Jan
5%
470
103%
35%
*103
Jan
21%
A—1
6%
10 f
43%
Carolina, Clinch & Ohio Ry——100 ' " 97
118
*120 Ik
118
*17%
35%-
41
6
102%
'
Jun
6% May
10% Mar 13
Cannon
*17% ■f 17%
120 Ji
*11%
36%
103%
*103
*4%
*148%
4
153/b
Jan
52% Mar
40
102%
29%
*29
49%
.49
35%
36%
103
118
148%
148 %
49,%
36
4%
35%
35
36%
149
103
119
4%
Oct
Jan
2%
28
109%
68
300
"
4%
35% July
J.un
31%
May
9%
;
4
400
$3
Jan
20%. Jan
3
47%
*46
47%
*46
18,200
24%
Apr
6
■*
8
18% July
29'A
105
9
13 % Mar 16
Jan 27
12% Jan
4
67 % Jan
3
20% Mar 29
5
No par
5
—100
25
Campbell W & C FdyCanada Dry Ginger Ale
Canada Southern Ry Co
Canadian Pacific Ry
6%
Apr
Jan
Nov
1
Zinc-Lead
Hecla
Aug
50
Packing
preferred
5%
20
2,400
43%
44
4,400
%
%
10%
Jan
Jan
28
3
.
—
v.
56%
*56
%
Zinc
Calumet &
6%
27
*29
80
&
Copper
16%
16
27%
*101%
80
3
25%
6%
17%
27
•
80
*20%
27%
56
27%
*56
No
*78%
•
Byers Co (A M)
3
3
20%
28%
California
Butte
3,400
79%
"56%
preferred
2,200
*78
n
conv
3%
13%
27%
Participating preferredByron Jackson Co
5%
54 %
16
110% Mar
5% Feb
NOV
14'A
-
30% Mar 16
.
116 % May
8% Jan
44
10
30
5
No par
,.
100
No par
-•
1,300.
29
Bldg 7%
14%
13%
*56
29
Bush Term
No par
Butler Bros
13%
3%
13%
20%
10
13%
*3
14%
21%
520
7,500
50%
10
29
3% 7' 3%
13%
21
180
68
49
9%
29
3%
17%
7%
54
29%
27%
*43%
100
preferred—100
29.
21%
<
preferred
*66
66%
9%
*21%
9%
6%
*48% > 49
79%
40
3
*64
17%
"
Jan
48%
27%
*38%
4
65%
79
6%
1
48%
14%
!;'
Terminal
65%
80
27%
Bush
10%
3%
56%*
Burroughs Adding Mach
3,000
118% July
9"% May
Jan
;
19% Mar 18
24
34
Mar 8
Feb 21
27% Jan 25
107% Jan 11
12 % Jan
3
5,100
49
28%
.
Jan
6% Nov
•
20 % Feb
32
1
100
-
5
66
28%
par
Burlington Mills Corp
5% preferred
<13
10
29 %
No
Bulova Watch
4%
49
10
4
12%
66
9%
110%
4
Jan
5
14%
*
*109%
800
2,200
Jan
18
Jan-
Jun
43
8% Mar 13
17
20% July
10% May
76%
Mar 14
62% Mar 13
par
Jan
6%
3
1
:
42% July
13:
3
3
No
Forge Co
18'A
Jan
104%
47 % Jan
13
5
50
"10%
33
29
28%
110%
12%
■-
*79
3A
•'46
5
21%
*56
9%
13
79%
*21%
*109%
110%
4%
28%
28%
28%
12%
5%
*32
33
28%
68
*29 '
14%
13
5%
49
*14%
*109%
*32
Buffalo
Bullard Co
Jan
Jan 27
1 7% Jan
Jun
July
29%
'
18 %
*19%
Jan
Mar 21
7% Mar 13
•
Oct
Apr
20
Mar 16
120
98% Jab "5—124
par
Jan
Dec
July
Mar 17
10% Mar 13
6
4
6%
July
Mar 13
Feb 23
19% Jan 14
116
Jan
5% Jan
96'A July
2% Jan
Mar 22
17% Jan 4
8% Jan
3
5
Jun
Jan
11%
43
.—100
Jun
76
Mar 16
17
Jan
Dec
193/4 Mar
x20%Mar31
7 1% preferred——-—100 ~
=1 $5 preferred
1
No par
Budd
16
11%
39% Jan 18
—Wo par
40
Jan
14% Jan 13
Co
Mfg.
Jan
'
42% Mar 15
45 % Mac 8
preferred(E G)
121% July
Jan
39
Jan 14
40% Jan
4
Brooklyn Union Gas
Apr
Sep
6%
No par
No
par
Bruns-Balke-Collender—;
6%
Mar 11
No par
*43%
Jun
69%
273/8
8
No par
*—-5
_
X19%
400
15
:
Bridgeport Brass Co—.
No par
Briggs Manufacturing—„_No par
19%
9%
119
5
,-2.50
42%
60%
8%
Co_
Airways Inc____
45
19
6%
6%
Roller Bearing
Bower
Braniff
*41%
18%
118%
(assented) _100
18%
42%
7%
10
31%
42
Maine RR
34%
3%
37%
12%
40%
>
8%
27
17
Nov
26
28% Jan
5
Jan
Jan
33% Jan
Corp_^
8%
54
110% Jan
Nov
1
,
July
15% Feb 29
6
4
15
Nov
38
38%
46% Jan
(The)
J.8%
18%
*41%
9%
10
*41%
Co
57
Jan
85
89% Mar
par
■
17%
Feb
3
35% Mar 22
par
Inc
13 % Mar
223A
96
Jan 26
No
Brewing Corp. of America
31%
"
44%
19%
42%
120
38%
10
31%
45
45%
9%
30%
42
>/■■
18%
7%
*38
14%
42%
9%
Boston &
38%
20
*118%
1,500
51%
42'%
9%
4%
14%
20
71/4
4%
*50%
42%
120
7%
Borg-Warner
14%
19
9%
2,300
51%
20 >/4
*118%
36%
14%
42 %
187/a
Borden
*50%
9% •10
*45
45%
5,800
Stores
per share
9% Mar 18
17% Feb 11
16% Mar 31
3
Jan 4
45
^
Mar
19
14% Mar 14
93% Mar 4
13% Jan 18
5
r
42
Highest
s
54%
19% Mar 22
62% Mar 16
118% Feb 23
3
No
30%
14%
Brass
&
class A
Ami Co
Bond
51%
38%
Aluminum
Jan 20
Jan
5*
Class B
35%
4%'
4%
Bon
26
7% Jan
16
per share
19
Mar 13
56 % Jan 24
39% Mar 25
Jan
4
Feb 15
16 % Jan
par
par
Airplane Co
J.,800
-
14%
51%
42 y2
*41 %
Bohn
50
210,
*50%
15%
51%
31%
*42
*
15%
*50
10
9%
31%
1,200
50
No
_5
Bloomingdale ^Brothers
No par
Blumenthar& Co preferred100
Boeing
91%
49
1—No
$ per share
4
2
37 % Feb 24
No par
Co
share
Jan
Year 1943
Lowest
Highest
11.5% Feb
100
Bliss & Laughlin Inc_i_-
9,900.
.
r.
*90
50
>
*49
*50%
20
15%
49
49%
270
No par
,
Blaw-Knox
500
17
54%
33%
15%
56%
par
*
1,000
17%
15%
(Del)
preferred
7%
4,700
16%
*94
15 %
15%
—No
$ per
—
Blgelow-8ant Carp Inc
Black &'Decker Mig Co
600
„
Par
Loan
Bethlehem Steel
'
8%
*15%
95
Best
1,000
;
Lowest
pfd $2.50 div series '38-No par
& Co
-L—No par
FOods
r—1
9,300
18
8%
*16%
15%
Pr
Best
5,300
40%
17
98
15%
Beneficial Indus
___•
-
Range since January 1
-
•
800
59%
15%
17
500
*
18%
40%
8%
*14%
■'
117%
18%
8%
17%
•
117%
40%
*39%
40%
18%
59
59
58%
117
8%
15%
Range for Previous
-
-
f
'
18%
17%
90
90%
*49
37 3A
8%
15%
49%
50%
*9C%
55%
37%
18%
17%
15%
18%
*54%
37,
8%
15%
*96
15%
*50
40%
17%
98%
•
15%
18%
55%
18%
118%
15%
■
18%
58%
*116%
<
STOCK
EXCHANGE
Shares
*54%
37
NEW YORK
Sales for
the Week
$ per share
share
18%
18%
-9
v
9
58 Va
117%
30
*18-
s
18%
18%
59%
117
40
41
*18%
9
18%
58%
V.
117%
'
9
18
19%
59%
117%
.
$ per
$ per share
*18
1359
"
Friday
Mar. 31
Thursday
Wednesday
Tuesday
:
Mar. 27
FINANCIAL CHRONICLE
THE COMMERCIAL &
17% Jan
108
Jan
133/4 Nov
48% Mar
40
July
153
Sep»
123
July
68% Oct
25
Deo
109% July
28% July
114%
Oct
19% July
2%
Jan
19
3%
Jan
3
Jan
19% Sep
173/4 Sep
263A Dec
26% Deo
15% Jan
15% Jan
Sep
-
CHRONICLE
THE COMMERCIAL & FINANCIAL
1360
Monday, April 3, 1944
NEW YORK. STOCK RECORD
AND
LOW
Saturday
Mur.25
Mar. 27
S
shark
$ per
per
$
per
43/4
4%
4%
$ per
share
4%
•
$ per
share
4%
4%
43/4
83%
♦83%
78%
78%
78%
78%
78%
90%
90
90
89
89
*87%
19
18%
18%
*41%
42%
*77
90%
18%
18%
18%
41%
*41%
41 %
41 Va
40%
42%
41%
*105%
106%
105%
18%
19%
.41%
106%
*
44 %
44
15%
15
81%
U
%
n
15'%
%
83%
84%
823/4
83%
15%
15%
-
.
90
*88
90%
*87%
90%
300
18%
18%
18%
183/4
1,700
*41%
42%
40
'106
110
42%
100
40%
4,300
110 A
100
*41
40%
40%
*106
110
4%%
23
10% Mar 23
Jan
27
24% Mar 11
10
27
104% Jan '27
107
Jan
11
106/8
106%
90
*106%
1063/4
3%
3%
22
22%
106
106
3%
3%
193/8
18%
*25
1063/4
3%
22%
21%
xl05
105%
33/4
106
4
10
,/• 9%
9%
2,500
15
15%
15%
15%
15%
15 Va
15%
15%
15%
48
48
46%
46%
48
48
1043/4
104%
483/4
*46%
*104%
104%
104 3/a
104%
*23%
23%
233/e
23%
1043/4
104%
9
9%
108
108%
'107 %
109
1043/4
23
23%
23%
23
17%
Nov
27% Mar
of Cuba
6%
5,300
Consol RR
5,200
1043/4-
400
$2.50
$4.50
Pow
Consumers
5,100
Container
9%
9,700
Continental Baking Co
107%
-*107%
108%
•107%
107-%
36%
36%
36%
36'/a
36'A
—.
400
3,900
100
11%
11%
12
11%
11%
Continental
Diamond
43%
44 Va
44%
45
45
1,300
Continental
Insurance
5%
5%
5%
5%
5%
5%
5%
13,300
Continental
Motors
32 Va
31 %
31%
31Va
31%
31%
31%
5,100
Continental
5%
27
14
14%
42
42
42
32
*26%
27
26%
27%
13%
14
13%
*41'A
42
*41%
12%
12%
12%
12%
11%
47%
47%
47 J/4
47%
183/4
18%
18%
17%
47%
56%
56%
56%
179
*177%
5%
*5%
5%
5%
2%
23/4
2%
2%
20%
20%
*106%
23%
23%
540
18%
3,200
i:
5%
1,400
2%
1,700
22%
19,400
20%
20 Va
107%
23%
23%
20%
20%
*107
108
23%
23%
19%
19%
19%
19%
18%
19%
18%
34'A
34
34
32%
34%
32%
17
32
79
79
25
•
19%
1,900
Crown
16%
16%
16%
99
31%
J.2%
98%
98%
31%
31%
98%
98%
98%
30%
31%
30%
31%
31%
79%
79%
78%
78%
78'/a
78 Va
78%
78%
78%
78%
*25%
25%
24
25%
23%
24%
23%
24%
25%
25%
1,640
12%
12%
12
12%
12%
12%
12%
12%
5,000
Cuban-American
12%
117
*114%
117 ;
♦108
114%
nee
*106%
<•
6
6!/a
6
1
110
r
17'/a
*109%
23%
23%
*23%
17 :
117
*114%
117
114%
*109
114%
*109
25%
*23
108
5%
5%
6«/a
'43'/a
42%
*105
,*42%
.
*23
24%
*106%
108
26%
26%
*106%
108
5%
5%
*105
108
42%
43
5%
5%
5%
5%
5%
17 Va
16%
17 Va
16%
17 Va
116
'*109%
116
23%
23
23
*109 V4
'
•
23
5%
17
*109%
116
23
23
♦23
24%
108
*106%
5
6
■i
'5%
*106%
108
42 %
42%
3 300
300
6
<
80
1,300
5%
14,400
5%
16%
17
*109%
116
23
23%
4,500
.
23%
7
Sep
36%
Jun
Jan
15%
Jun
3
40%
Jan
49%
Sep
6% Mar 13
4%
Jan
7% May
22
25%
Jan
37% July
28% Mar 13
18%
Jan
27% July
13% Mar 20
x9%
Jan
15
50
45
Jan
53
13%
Dec
46
Jan
3
44% Jan
10
55% Jan
27
175% Jan
4
Mar 15
Jan
4
19% Jan
11
47% Feb
28
37
Feb
29
Jan
173
Jan
3
6% Jan
22
2%
6
3% Jan
22
11
Jan
18% Feb
7
104 % Jan
20
2
20
Jan
3
22% Mar 31
109
14%
Mar 14
Apr
61 Va May
186%
Jan
1% Jan
100
(The)
47
Dec
5
Apr
Aug
17% Aug
Jan
53%
58% Mar 14
183
1
Sep
6
May
2% May
22% July
Jan
108%"
95
Jan
16%
23% Mar 23
Jan
23% Mar
Jan
23 Va July
Aug
No
par
16% Jan
No
par
27% Feb
1
34% Mar 22
18%
Jan
31
Oct
JVo
par
45
3
47% Jan
27
37%
Jan
47
Oct
17% Mar 20
11%
Jan
17
Oct
81%
Jan
99"% Aug
27%
Dec
38
^5
of Amer
Jan
3
15% Feb '9
No par
97% Jan
_No pur
preferred
preferred
28
Jan
Jan
20
21% Mar 16
100
9
Mar 14j
4
33% Mar 16
July
82% July
100
69
4
80% Mar
100
20% Jan
3
28% Mar 10
9%
Jan
Sugar
10
11% Feb
10
13% Mar
7%
Jan
14%
Jun
100
112
Jan
25
115
Feb
28
Feb
115%
Dec
100
106
Feb
4
107
Feb
24
92% Mar
106%
Jun
—
Cuneo
15,000
42%
5%
17 Va
116
,
13% Mar 16
.,110%
Jan
1
22% Jan
18
5
22% Jan
4
100
No par
101
Jan
5% Feb
4
11
No par
No par
_1
108
Feb
4
42
Feb 14
5% Mar 30
30
Cudahy Packing Co
'
108
:•
26%
preferred
5%% conv preferred
26%
108
4
Mar 20
25
1
7%
•A
-
24%
26%
26%
.
Crucible St.ee)
5%
900
114%
23%
108
42%
5%
A'-
■
116
*109%
6'/a
*114%
26%
•106%
108
42%
5%
5%
17
A
108
'
108
43%
43%
24%
23%
27
24%
24%
108
25%
26%
1
117
*108
114%
27%
•107
♦114%
,
3,80(f
:»
47
20
Cuba RR 6%
12
-
*114%
*24%
conv
98
114%.
*106%
$5
31%
12%
27
3
Co
Corp
preferred
99%
117
*108
33% Jan
Zelierbach
31%
\
„
38% Mar 16
8
10% Jan
preferred
Crown
430
109
30% Feb
15% Jan
Cork & Seal
$2.25
3,700
•-
7
5
50
Crosley Corp (The)
3,000
V
11
25
46%
16%
3
10
3
preferred
33
16%
-
5% Jan
Co—
conv
98%
,
25
*114%
S%
18%
46%
Jan
32% Feb
100
45%
16%
Feb....9. ...;.96.;. Jan
106%
Corp—1
Trust
33
46%
....
11% Feb
Refining
98 Va
98%
98%
16%
Bank
19
17
'
-
17%
Jun
42% Feb
Preferred
47
46%
*46
47
*46
17
Jun
11%
5
Electric
Cream of Wheat Corp
700
23%
Jan
15% Mar 15
32%
*46
Jan
x4%
Mar 10
43
19
32%
47
23 Va
23 Va
23%
Oct
16
10
19
Crane
700
107
Aug
23% Mar 28
5
Coty Inc
Coty internat Corp
290
109
108
Dec
Jan
16
15
29
32%
18%
33%
20%
21
109
Dec
.47%
27
Jan
Products
5%
18%
Jan
Feb
Feb
Exch
2%
Jan
Jan
33%
7% Jan
20
13
Corn
5%
Oct
89
2
25
Corn
2%
104% Feb
38 % Feb
560
2%
5
No par
Cornell-Duciller
480
Sep
7
21
No par
No par
4,100
177
x5%
107%
23%
177
8
4%
21
Bessemer Corp
prior preferred—
Copperweld Steel Co
Conv pref 5ft
series
46%
55%
56
17% Feb
48% Feb
Continental Steel Corp
56%
46%
47%
177
5%
20%
23%
x55%
X177
2%
107%
20%
107
47
47%
56%
177%
5%
2%
103%
12%
47%
18%
2%
5%
2%
12%
47
18%
56%
179
5%
12%
47%
18%
177%
56%
56%
57
178%
12
47%
46%
47
46%
47%
*47
177%
4,700
12
4
-1
Del
of
29
$2.50
$3
20
17%
Oil
Fibre
Cooper
1,900
42
*41%
47%
12
18
*46 3/8
300
*
14%
14
14
42
17%
47%
183/4
26%
"25%
26
13%
*41'A
13%
*47%
12
47%
26
2G%
42
1,300
16% Mar 10
Jan
Jan
102% Jan
20
11%
4
15
No par
Inc
Can
12'
12% Jan
par
ft- preferredContinental
Jan
45
Corp of America——_20
43%
14
*31V2
100
25
pfd—No
223/4
9
24
—50
preferred
12
273/4
17
pfd
Consolidation Coal Co
300
45 Va
5%
v
22% Feb
11%
32 V*
10% Feb
3
44%
5%
9
29% Mar 30
3
18% Jan
12%
32
July
3% May
19% May
'
15
;
45%
5%
105
Jan
Jan
10
Preferred
45
32%
7% Jan
Jan
%
7%
2
1,200
*12
5%
91%
4% Mar 23
20% Feb
21% Mar
123/8
32%
106% Mar 21
5
13
29%
8%
*
15
Jan
Nov
45%
'
Jan
Sep
6% Apr
24% July
Nov
8%
36
Jan
Feb
16%
223/4
9
Dec
15%
15%
153/4
104%
3%
4
2%
~
48%
14%
*47
104%
5
Jan
20%
*20%
14%
Jan
9%
107%
~
37%
37
37%
37%
14%
14%
4
109
24 %
8%
9%
8%
109
23
23%
23
9
14%
14%
Jan
24
20%
16%
90
Jun
15 % Feb
193/4
14%
Nov
3
20
14%
Jun
24%
11% Jan
20
20%
25
Jan
Natural Gas wd
20%
143/8
11
Jan
Vultee Aircraft———l
13%'
20%
Jan
Consolidated
28% ..29 %
133/4
13%
2%
10%
23
2% Jan
May
17%
'
Mar 16
17
16%
5
1 Va
Consolidated
29 Va
13%
20%
11
Jan
23
102%
1
No par
Corp
3*
Jun
July
7,600
28%
13%
14%
Laundries
Consol
3
Feb
3%
No par
;
preferred
% Jan
21 % Feb
par
Industries——
Film
$2 partlc
Mar
23,100
9%
28%
13%
20%
No
Y
N
21%
16
14%
9%
273/4
14
16%
"
Consol
4,100
,
100
—5
prior
preferred—
$5
6,200
28
-
Edison of
2,700
273%
,
Consol
4%
i
28
9%
Consol
105%
;
4
19%
133/e
37%
4,700
24,000
22
6%%
19% •193/4
105
4
19%
93/4
19%
No par
—No par
Consolidated Cigar
preferred
Coppermines Corp
3%
33/4
22
4
22%
3%
18%
14
Sep
8% Feb
No par
106%
15
16
20% Jan
25%
25%
Congoleum-Nairn Inc
483/4
Jan
Dec
Conde Na3t Pub Inc
93,4
9 %
7: July
900
9%
7
27
79
25
Co
Edison
1,700
93/4
44%
Jan
Commonwealth
1,100
27%
Jan
21 %
11,000
10%
9%
29%
26% Jan
253/4
25%
105%
11
3
25%
24
4
45% Jan
24% Jan
2534
No par
preferred series
$6
10%
19%
107%
82
Commonwealth & Southern—No par
25%
3%
Jan
Jan
2,900
23%
19%
104%
38%
82%
U
10%
V
10
87% Mar 11
31,500
82
%
25%
3%
Jun
106% Jan
3
3/4
83
23%
22
July
11
1
1*
82%
25%
253/4
*106%
41
44
Feb
Jan
3/4
81%
10%
1063/4
-
% Feb
U
81%
253/8
*106%
105
3
24%
28
*45%
100
,
14% Jan
14
•
Jan
No par
253/4
105%
23%
25%
Commercial Solvents
25
105%
203/g
30% Jan
41% Mar 18
3
9,200
25%
3%
106
41% Mar 24
37% Jan
/
Jan
15%
25%
19%
178
39% Jan 25
9
15
20%
•
19% Mar 16
15%
23%
105%
*41%
16% Feb 26
15
10%
3%:
14
par
15
233/4
19% ;
*27
No
98% July
19% July
143/4
10%
105%
*45
Jan
15
233/4
3%
*•12%
79%
40% Feb
10%
22 3/«
37%
90% Mar 25
Nc par
23%
33/4
*108%
14
Comm'l Invest Trust
10
22%
9
Feb
3,400
23%
3%
*47
84
44%
10%
22%
'
Oct
par
433/4
24%
106
9%
Sep
73
9
43%
10%
3%
.27%.
77%
Jan
Mar
43%
*23%
22%
..
Jan
37
preferred
253/4
106
40%
80
10
10%
*25%
85% Mar 14
7
—No par
24%
*9%
"
5% Jun
3
Credit
conv
Highest
$ per share
Jan
No
preferred
$2.75
Commercial
1%
Jan
Feb
Pictures—-A;
Columbia
6
76
70
Co
Carbon
Columbian
5% Mar
$ per share
44
'
82
25%
25%
253/s
25%
25%
5ft
3
per share
100
100
preferred series A
preferred
L
6%
100
4% Feb
$
Lowest
43%
%
n
2,100
77
40%
*105
105%
44 %
15%
44%
44%'
44%
105%
82%
82%
No par
Year 1943
r
Highest
$ per share
Par
Columbia Gas & Elec
(79
40
41
40
23,000
*74
76
42%
*41%
,
823/4
4%
77
,83
Lowjest
.j
♦75
82%
83%
83
4% A
4%
82%
4%
4%
83%
84
share
EXCHANGE
Shares
$ per share
Range for Previous
,
Range since January 1
STOCK
YORK
NEW
fhr
the Week
Mar. 31
Mar. 30
Mar. 29
Sales
Friday
Thursday
Wednesday
Mar. 28
share
STOCKS
HIGH SALE PRICES
Tuesday
Monday
1,000
Inc
Press
4%%
;l
preferred
(The)
Curtis Pub Co
$7
preferred
Prior preferred
Curtlss-Wright
Class
;
:
A
.
16% Jan
1
Cushraan's Sons Inc 7ft
Cutler-Hammer
pfd
100
115
13
No
Jan
3
par
21% Jan
10
9
_25
Inc
19 % Mar 17
9
X66
8
105
23% Mar 15
24% Mar
106% Feb
6% Jan
Nov
22% Aug
10%
Jan
25%
Oct
18'
r
4
Jan
26%
Jun
100
11
Jan
107
Oct
6
1%
Jan
Jan
12
30Va
Jan
47% Jan
12
17
6% Jan
7
5%
Dec
9% Apr
17% Mar 23
14%
Nov
>24% Mar
3
96
Feb
119%
Nov
4
15%
Jan
26%
Jun
118
117
Jan
24% Mar
7% May
116
Jan
45%
Dec
Sep
D
*7%
7%
*7%
143/4
14%
143/4
26
26
40%
19%
19 S/8
♦113
113%
*73/8
7%
*19%
*14%
*113
113%
73/4
300
14%
2,800
*19%
~14%
14%
*113
113%
113%
30
Davega Stores Corp
'! 5%
preferred
Davison
Chemical
25%
26
25%
25%
*25%
25%
*243/4
26
2,300
Decca
Records
403/4
39%
40%
39%
39%
393/8
39%
39%
39%
4,600
Deere
&
323/4
33%
33
33
333/8
33%
33%
19%
*18%
30%
29%
33
33
*32%
193/4
19%
19%
*19
19%
*19
313/4
29%
31%
29
30%
9%
19%
19 S/8
9%
8
193/4
9%
8%
19%
19%
19%
"
59
*55
57%
60
*55
*55
293/4
1,500
300
20
30%
35,500
8%
33,400
19%
8,900
8 34
8%
193/4
xl9%
19%
60
*55
60
*55
60
8%
8%
19%
42 Va
Jan
17
35% Mar 27
900
14%
1,600
343/a
35%
33%
35%
33%
343/8
35
35%
28,800
97%
6ft
973/8
98
200
5%
16%
*16
16%
400
Dixie
44%
44%
*44%
443/B
190
393/4
41
40%
40 3/4
4,100
Doehler Die
x22 %
223/8
52%
53
52%
53%
50%
52
49
50%
49%
50 s/8
*1033/4
109%
121
121
119%
31%
313/8
123/b
11%
12%
*123/4
121
*144%
145
13%
*13
13%
*116%
*116%
145
1083/4
108%
31%
303/4
31%
10%
9%
10%
13
119%
,144
108%
9%
,
118%
30%
31%
11%
118%
1083/4
*108% 109%
31%
121%
13
116%
143%
,
116%
145
12
*116%
13%
120
,«
No par
900
Dow Chemical Co
No
1093/4
1093/4
31%
31%
31%
10%
9%
12%
800*
13
*116%
120
123/4
10
120
145
144%
144%
128
128
.
128%
*127%
128%
*127%
128%
128%
*118%
119%
*118%
119%
*118%
119%
*118%
119%
*118%
119%
11%
11%
11%
11%
11%
11%
10%
llVa
10%
11 Va
37%
373/4
37
37%
36%
373/8
36
36%
36%
*8%
8%
8%
8%
8%
8%
8%
1
500
2,500
28,100
10
*116%
*127
No par
Douglas Aircraft
110
129
par
Casting Co
5,300
9%
*127
No
A
'51%
31%
143%
par
50%
<
*108%
1433/4
par
xlOO
8.600
119%
143%
No
—LNo
Co
23%
119%
*197
*' 1' v
AiS
22%
119
*12%
Class
a
Dome Mines Ltd
xll9
;■>
:
1
preferred
Cup
par
.-25
'V
''
Corp-Seagr's Ltd
35%
*16
40
122
Distil
34%
*96%
16%
44%
preferred
•
••
97%
22%
No
Diamond T Motor Car Co
16
44%
*120
'
'.
No par
Match
*95
22
20
Reynolds A
partlc
.
39%
10% May
22% July
Jan
38%
14%
40%
,
8%
38%
14%
44%
Jan
37
39%
13%
22%
3%
16%
8
*38%
14
213/4
>
25
38%
14
38%
9% Mar 22
Jan
Feb
38%
14%
*44%
Jan
8%
15% Feb
39
14
40%
Jan
12
33% Mar
*38
44%
3
29
35% July
143/4
223/e
5% Jan
13
Mar 10
Jan
31% Mar 27
Jan
383/4
40%
*20
3
Jan
14%
44%
35
17
17% Jan
17%
38%
22%
1
17% Jan
26
15%
44%
32% Mar
10
31
39%
223/4
36% July
20% May
17% Dec
20
100
Jun
Sep
July
36 »/8 Mar 23
♦383/4
403/4
43
32% Jan
Diamond
40%
24%
Jan
108%
8
5
Devoe ft
900
22%
Jan
26
Mar
3
530
313/a
*44%
10
41% Mar 22
113
Mar
35
31%
-
26% Mar 13
8
Jan
*343/4
32
16
5
29%
31%
38 %
35
*313/8
973/8
17
3
31%
16
Feb
12
35
*95
116
Oct
Jun
Feb
34%
16%
Jan
7%
Jan
313/a
973/8
19
18%
31%
*95
19,/ Mar
Jan
52
34%
*16
Jan
37% Feb
—50
313/4
16
Jan
12
14
21% Jan
Delaware Lack & Western
34%
34%
Jan
15% Mar 10
Detroit Hillsdale & S W RR Co__100
31%
973/8
xlll%
3%
17"
7% Mar 20
20
1
Detroit Edison
35
16
100
No
j;
31%
34
3
Preferred
34%
*95
Feb
Delsel-Wemmer-Gllbert
32
15
4
13%
par
pfd
tDelaware & Hudson
35%
35
6% Jan
1
Inc
Co
*31%
35%
•
(The)
Corp
Dayton Pow & Lt 4% ft
26
30%
93/4
9%
19%
73/4
7%
14%
*19%
•
31%
*55
*113
14%
40%
.
33%
33%
7%
*19%
14%
14%
25%
41%
30%
14%
113%
*113
113
113
7%
7%
*19%
*19%
*19%
5,400
100
No
.
$4 preferred series A
-No par
International
1
.
Duplan Corp
8ft preferred
Du
P de
$4.50
Nemours
par
No par
Dresser Mfg Co
Dunhill
par
No par
100
(E I)
& Co
preferred
20
No par
Duquesne Light 5ft
118% 118%
20
11 Va
11%
3,700
Eagle-Picher Lead
36%
34%
36%
2,000
Eastern Airlines Inc.
81/4
*8%
8%
1,000
Eastern
1,300
1st pfd
100
'
Mar 31
20
Mar 23
56% Mar
41
40
3
Jan
Mar
48 %
Apr
Nov
"
13% Jan
11
Feb
29
21%
Jan
96
Mar 24
Jan
25
83 Va
Jan
15%
43%
Jan
3
16% Feb
24
10
Jan
Jan
5
44% Jan
8
38%
33'A
21%
48%
Jan
4
Mar 24
x27%
118
100
Oct
Dec
16 V4
July
Feb
45
July
22%
Feb
34
Dec
Mar 28
25% Jan
17
15%
Jan
25%
Jan
3
57% Feb
25
44
Nov
73% May
Mar
3
131
Jan
5
122%
xl06%
41
Jan
7
109% Mar 31
Jan
21
34% Mar 13
8% Jan
13
12% Feb
11%
116%
Feb
11
Mar 28
13% Mar 17
116% Mar 28
137
Feb
7
148% Mar 13
124%
117%
Jan
11
106%
28%
35%
100
May
Mar 20
Nov
153
Sep
May
Dec
107%
Dec
Jan
35%
Jun
5V4
Jan
10%
Dec
9
Jan
13%
115
Jun
122%
Oct
134
Jan
159 V4
July
128% Mar 24
124
Dec
130
120% Jan
20
115%
Dec
16
2
Apr
Aug
121% Sep
E
8%
7%
164
164
165
165
164%
1643/4
163%
164%
*177
180
*177
180
177
177
179
179
164%
*179
433/4
433/4
*43%
43%
43%
43%
*17%
18%
*18
18%
18
18
*17%
*39%
393/4
39%
393/4
38%
39
38%
38%
38%
10%
10%
10%
10%
10%
10%
10%
10%
10%
43/e
*4%
*4
4%
4%
4
4
43%
4
166
166%
167%
181
179
179
43%
*43%
44
18
*17%
18
4
*4Va
4%
Jan
170
May
Sep
184
Jun
35
Jan
45% July
17% Feb
24
18% Mar 16
11%
Feb
19
2,700
Electric
Auto-Lite
37% Jan
4
41% Mar
3oya
Jan
39 Va July
3,500
Electric
Boat
10 Va Jan
3
11% Jan
100
38%
39
10%
10%
10%
1,200
6,100
4%
88%
91
85%
89
88
88
88%
89
5,000
87
85
85%
84
84
82%
84
83
84%
85
85
1,800
413/4 '
41%
413/4
40%
413/4
41%
41
41%
*40%
413/4
900
*31%
31%
31%
31%
30%
31%
30%
31
31
*31
31%
1,300
61%
613/4
61
62
62%
61
61
*60
62%
400
*105
105%
413/4
*61
62%
*40%
30%
*61
*104%
105
*104%
105
104%
104%
104%
104%
105%
113/4
12
ll3/4
12
11%
12
llVa
11%
11%
11%
963/4
94%
96
933/4
943/4
93%
94 %
93%
94
99%
98%
99%
98%
99
97 Va
97%
96%
97%
99
99
*95%
98%
101
-
101%
%
%
For footnotes
104%
11%
94
160
17,200
95
590
"
100% 101
%
see
page
100%
'
A
1367.
101%
%
%
%
100
A
100
*95%
101
%
770
101
740
ft
146%
Dec
X173
4%
*86
8% May
7
18
4%
4%
44% July
Jan
44% Mar 17
*17%
38%
4Va
4%
11%
Jan
3%
7
25,400
6ft
cum
157
preferred
(The)
Elee & Mus Ind Am
shares
Electric Power & Light$7 preferred
$6
preferred
Electric Storage Battery
3% Jan
-No par
.No par
—.
4ft
Jan
8
22
4% Mar 15
8% Nov
1%
Jan
14
L
Sep
Mar
5% May
4% Feb
4
5% Mar
6
1V4
Jan
83% Jan
13
99% Mar
3
31V4
Jan
92
94% Mar
4
28%
Jan
88% Nov
42%
Jan
19
39%. Jan
8
43% Feb
28
33%
Jan
80
6% May
Nov
Sep
x32
3
7
31% Mar 23
23%
Jan
57% Jan
25
63% Mar 13
49%
Jan
100
101% Jan
19
106% Mar 11
101%
Dec
103%
Dec
1
preferred
27% Feb
50
Johnson Corp
Engineers Public Service
$5 preferred
$5% preferred
$6 preferred
tEquitable Office Bldg
183
.No par
No par
El Paso Natural Gas
Endicott
4
167% Mar 31
Nov
31%
3
800
4%
Eastman Kodak Co
;
24
43%
4%
28
9%
20
Feb
9% Mar 16
Feb
91%
4%
Jan
39
3
Jan
4%
4%
12
6% Jan
Jan
90%
4%
28
34% Mar 31
41
4%
.
10% Feb
175
91%
*
91
1
Eaton Manufacturing Co.—.
Edison Bros Stores Inc
40
44
,
10
Co_.
Rolling Mills
8% Jan
3
2%
Jan
9%
54
57% Jan
92%
Sep
Sep
Sep
62%
96
Dec
No par
—No par
No par
No
par
87
Jan
3
13% Mar 3
98% Feb 28
89
Jan
3
99% Mar 18
92% Jan
% Feb
10
26
102
Mar
% Jan
3
12
Jan
Jan
% Jan
Sep
58% July
92
1V4 Mar
Volume
Number 4269
159
LOW
Saturday
Mar. 27
AND
Monday
Mar. 25
per share
a
'13
$
13 Ve
13
HIGH
SALE
Tuesday
'
$
13%
'/'»
13
11%
' 12%
12%
12%
12%
13
11%
12%
11%
55%
56
56
55%
56
54'%
55
85
*79%
85
*79%
85
85
*79%
55
*■<»%
',-
12%
12%
12%
54
-
Sales for
12%
•
85
.
7%
7%
7%
7%
7%
7%
7%
7%
7%
7%
Erie &
11%
11%
11%
11%
11%
11%
11%
11%
11%
26%.
26%
26%
26 %
25%
26
25%
25%
25%
11%
26%
26
27%
3%
3%
3%
3%
*3%
3%
3%
*3%
3%
'
3%
37
37%
37%
37%
3634
37
36%
37
37%
37%
24
24 Va
24
24
23%
24
23%
23%
23%
23%
12%
12%
12 V&
12%
11%
12%
11%
12%
12
3%
12%
*17
"17%
100%
101
T7
-
*20 34
21%
*
18%
18%
6%
100%
21%
6%
23%
23%
94%
94%
24
i
106%
39%
38
27
18%
6%
20%
20%
20%
18%
18%
63/4
6%
7 44/'
24%
24%
'
95%
-95%
24 %
233/4
23%
95%
95%
95%-<
19%
19 %
19% 4
19%
48%
47%
48
48
48
48% 448%
42
423/4
41% ,42
42
42
106
106
106 %
•'105%
39 %
22%
106
*105%
39%
21%
4
22%
3.9
23%
4'
:>y
•;
106%
38%
39
21%
*107
110
*107
110
*37
38
37
37
37
37
*26%
7%
28%
*26%
7%
50
28%
7
52%
7%
*26%
7%
Federal
14
.
-r
51
600
500
2,200
440
.
Light
*
&
3
27% Mar 31
2.50
2% Jan
25
15
2
Federated
No
t.
4%%
Dept Stores
preferred—
conv
*26 y4
7
4.
93
17
45
4% °Ic
First
Flintkote Co
-siVa
51%
51%
:
Steel
Corp
preferred-—..
conv
14
14
14
1,800
58%
1,400
21%
223/8
21%
22%
22%
22%
22~
223/s
640
14%
14%
14%
1,200
22%
22%
20%
22%
203/4
21%
22%
22%
22%
22'/2
22%
22
22%
14%
*14%
15
14
15
14
14
*14
92
*89
91
*85
91
88
88
89
89
91
91
30
32%
32
32'/8
32
32
32
32
1,700
*33%
343/4
1,600
Fruehauf
108ft
108ft
670
set
104%
105
120
4'/2 %
3%
3%
3%
3%
3%
3%
14%
14%
15
27%
27
27
27%
18
18
•17%
5%
5%
*14%
54
3%
*108
3%
3%
27
261/4
26%
18
*17l/2
5%
53/8
5%
12%
12%
12%
123/a
12%
12%
12%
12%
107%
*106%
107%
*106%
107%
*106%
107 y2
46%
46%
46%
453/s
45%
45%
■8%
8'%
9%
5%
14%
9
92%
92 y2.
*27%
149 %
36
8%
36%
27%
36 y4
35%
•
310
Gamewell
17%
100
5%
53
1.23/a
123/a
107%
45%
*8
*146
9%
8'%
■
4%
5%
5
13%
14
91
92%
93
93
93%
9434
27%
27%
27%;127 y4
353/4
36%
35%
.
*144%
Generai Bronze Corp
General Cable Corp
353/4
5%
3,500
14%
1,800
Y
94%
95
550
V-/
27'/4
27%
400
148
36
36%
preferred
200
5%
35%
7%
36%
7%
General Electric Co
22.200
Jo !
42 3:;
42%
42%
114%
114%
2%
*114
,
42%
114%
42%
42%
115
2%
2%
413/4
114
'■
42%
114
42 V*
42%
114
113%
113%
90
3
2%
2%
26.400
120
*117%
119
108
*107%
1083/4
131
*130
131
423/8
114
-
42 %
•
■
•.
13% July
Feb
54
Dec
10%
Jan
19% May
163/4
Jan
21
153/b Mar
5%
Jan
15%
Jan
15
95
50
Feb
75
3
293/4
Dec
7
Mar 10
333/4 Jan
15
36
110
Jan
105
Feb
17
Dec
Sep
38% July
Jan
96'/2
Mar 20
May
Jan
Mar 31
20
31%
Jun
110
Aug
2%
Jan
43/8
Jun
7
1%
Jan
4 %
May
22
9 Va
Jan
14%
Oct
5
19 y2
Jan
30% July
4% Mar 11
234 Jan
3
2% Jan
4
12% J an
5
par
25% Feb
10
29
Jan
7
18
Mar 17
par
16% Mar
4
13% Feb
1
3
54
Mar
10% Feb
11
13
Mar 22
Jan
3
73/4 Jan
24
143
Feb
3
43/8 Jan
3
11% Jan
4
813/4 Jan
Feb
No par
No par
Dec
Aug
51
Jun
5%
11
134
19
Jan
Jan
-
Mar
9%
Jun
151
Aug
2
43/g
Jan
Mar 17
23/a
Jan
8% May
7%
Jan
18% May
98 % May
6
713/4
20'/2
Jan
130%
Jan
5
303/4
Jan
8
28 Va Feb
150
...
9 Va
Jan
18
Mar 23
973/4 Mar
24
v--''
11%
107
Jan
153/4 Mar 16
16
35
Jan
Jan
37
10% Mar
3
Feb
6%
Apr
Apr
102
147
4
26% Jan
140
Jun
143/4
53%
14
8'/2 Jan
8
63/4 Jan
6%
Jan
Jun
51
2
473/4 Mar 13
107% Jan
4
4334 Jan
Jan
93/4
14% Mar 17
Jan
106
■
3
5% Mar 13
3
4% Jan
Mar
15 y4 Jan
51
par
.
preferred-:.—
$4.50
Jan
223/4 Mar 25
4
-i
General Foods Corp...
6,700
93/4
39%
Mar 13
233/a Mar 24
No par
preferred
Dec
_
4
100
No par
100
preferred
cum
■'■'■
*114%
No
Jun
9% July
53
18
—No par
A
General Cigar Inc
100
146
146
Class
Jan
23
No par
9,900
14
Jan
13
29% Jan
No par
—S
5
No par
5
General Baking—
$8
Jan
3%
Jun
Jan
1
Transportation
9%
-14%
148
V 3,700
Amer
28
19%
107
5
$6 preferred
149%
53/a
13%
*144%
Gen
Jun
Jun
30% Jan
50
Gen Amer Investors
9%
5%
147%
8%
8%
-
13%
*27%
5,800
*146%
9'%
27%
v
12%
46
36
30%
104% Mar 31
Industries Inc
Gaylord Container Corp
5%% conv preferred
•
107%
*45%
A 0
Jan
22%
70
100
—No par
Co
253/4
1
1
(The)..
1,200
12%
*106%
v
14934
S'/8
70
Jan
(Robert)
Co
July
39%
13% Jan
1
—No
109
8
1nft
cl A
Jan
7
100
preferred
Wood
Gar
900
Inc
Co
6%
4,700
13%
53
45%
8'/a
9
•;
5 Vb
13%
53
Gair
Jan
83/8 Mar
20
Gardner-Denver
*106'%
,
1493/4
*146%
9%
;, 147%
148
H148
8
147
;
;
5
14%
92
28
*143
26%
133/s
5%
*5Vi
*14
46
8
146
10
5%
14 %
*27%
>
146
9%
9%
*92%
8%
8%
*143%
146
*143%
26%
*17%
5%
*51%
*106%
*46
1,300
16
Jun
Jan
14% Mar 28
20
Jun
July
15%
58% Mar
29% Mar
.
60
Co
(The)
10,500
14
13%
53
Gabriel Co
900
3%
43
97%
Mar 20
53% Jan
10
—
19 y2
503/4
Jan
31%
Mar 11
38% Mar 17
Feb
10
pfd
Jan
Jan
25%
23% Mar 10
11% Jan
No par
preferred
preferred
3%
5y«
14
*51%
53
27
*17%
5%
14
14%
53
Trailer
cnnv
14%
*3%
3%
15
41
107
6% Jan
48
25
preferred
18
•14%
'14
prior
3%
3%
3%
14%
5%
6%
Francisco Sugar Co
F'k'n Simon & Co Inc 7%
27
3%
14%
18
12,500
*14%
*3%
3%
14%
26%
54
10811
ft
*17%
14%
14'/8
*52
3%
331/8 Z 34-
34
ft 108 iS
3%
18
5%
14%
*52%
33%
14%
3%
Jan
12%
42
6
1
Freeport Sulphur Co
3%
Apr
25% July
98% Nov
Jan
78%
1
Mar 27
Jan
10
Machinery Corp
Foster-Wheeler Corp
23
*3%
15
107 % Mar 13
24% Jan
10
100
Food
*14%
3%
43% Mar 22
.»
4
35% Jan
par
Food Fair Stores Inc
58%
1108
21
No par
5%
-530
58%
•.V
8
20
49
13
Follansbee
2,000
51%--/-
No
383/4 Feb
34% Jan
14
35
98% Feb
3
27
par
58%
108 i?
12
Mar 31
24% Mar 29
5
Jan
No
133/4
34%
Dec
6y»
9
58%
108,",
Apr
18%
7
13
13 y4
34%
293/4
Jan
>
Nov
19% July
105% July
Jan
Jan
193/a Feb
58%
108 §2
Jan
Feb
104 Vt Jan
14%
34%
6%
86
Dec
par
58%
108 n
May
liy8
13
par
14
35
Mar
28
Nov
18%
No
57
IO85]
42
Nov
8%
21% Mar 17
...No
__
22%
35
Nov
21
33/4 July
20% Jan
Florsheim Shoe class A
100
7%
50%-
-
Stores
(The)
preferred—
22%
108 all
30%
29 % Mar
3
Florence Stove Co
200
.
National
$4.50
14
32%
8
Mar
Nov
4
Jan
+
100
58%
32%
Jun
—Nov
Jan
3
l'C5% Feb
10
preferred
1,600
,28%
7
v
14
32%
14%
24
3
.1
Jun
Jan
20
24% Mar 21
4
100
9%
53/4
3%
173/4 Feb
22% Jan
par
78
Jan
5
101% Feb
Jan
$2.50
Corp
Firestone Tire & Rubber
t
30
37
*26%
400
Enamel
Phen Fire Ins N Y
2,100
4
107
*36%
7
4,000
22%
22
28%
7
Fidel
38%
38
37
*36%
Ferro
1,400
106%
*105
107
1,900
'
58%
32%
5
Jan
33/4
17
173/4 Jan
«
523/4 May
68 y2
7
18
Jan
163/4 May
16 V2 May
Jan
5
14% Jan
19% Jan
5
*14%
32%
100
38
Jan
15
Jan
21
14% Jan
*
No par
No par
14
*88
3
Jan
8
39 Va
4Va Feb
14
x22
.
8
8%
Mar 24
78% Feb
3
Feb
93/4 Jan
20
Federal Motor Truck
•
33 % Jan
par
Rad Corp.l
Traction
59%
*58
21% Jan
-.Federal-Mogul Corp
4>'''
43
*106
v?
22%
107
28%
7
50%
—
13 % Mar
No
Televis'n &
-
52%
4
Corp
$6 preferred
Federal Min & Smelt Co
12,600
19%;: 4 ,4
-4234
38%
38%
*22
21%
109
53
*52%
10% Feb
Co
13% Mar 22
Highest
$ per share
"
4. ',.44 19
20
10
Fajardo Sug Co of Pr Rico__
4,200
203/4
18%
/
15
6% Feb
Cleaner
Products
Farnsworth
17' 80
v
*18%
-
19%
•
;•
44 6%
95
95 :
95
4/
100%
Vacuum
Fairbanks Morse & Co
1,500
100%
24
*107
27
*7%
20%
6%
4
11,100
48
39%
22%
109
*37
.■'■'V
24%
20 %
*1838
,4
3,200
12%
48%
•
*106
39%
22%
63/4
23%
100 VA
78% Feb
Exchange Buffet Corp_—
38
100%
56
$ per share
13% Mar 22
3
3
1,300
'
-16% 417 -"•4 -'.4>16%, -17
100%
3
5
Ex-Cell-0
12%
20
48
43
107
18%
6%
24
94%
19%
19%
48 3/s
106
20%
18%
163/4 4.
16%
100%
4
9% Jan
46% Jan
_5
Evans
23%
42% -42%
19%
48
42%
20%
Y
24
94
■■'Jt
100%
18%
6%
'
6%.' '•••; ;
17
16%
■
*100%
21%
*18%
■
.
■U':
17%
100%
9% Jan
par
50
5,100
3%"*
par
RR Co
Eureka
3,500
-
$ per share
100
2,100
3734
4
Pitts
$ per share
No
5% pref series A
7%
11%
Year 1943
Lowest
Highest
No
common.
Ctfs of benef lnt
'
7%
:
ErieRR
Par
3,100
.11%
Lowest
'
'*
33,600
55
*79%
85
'
Range for Previous
Range since January 1
EXCHANGE
4,200
•
12%
54%'
—
Shares
12%
'■■Sl
'
-
NEW YORK STOCK
the Week
$ per share
12%
12%
'
Mar. 31
-
$ per share
12%
55%
*79%
Friday
Mar. 30
$ per share
1361
STOCKS
.
Thursday
Mar. 29
per share
12%
PRICES
Wednesday
Mar. 28
share
per
COMMERCIALS FlNANfclAL CHRONICLE
THE
373/4 Jan
Jun
32% May
148
Nov
39% July
'
*41
Mar 17
34
6
43% Jan
Jan >3
113
Jan
44% July
117
Jan
3
113%
Jan
119%
Sep
3
Jan
3
1%
Aug
3
Dec
120% Jan
5
July
120%
Dec
"
; V; 2%
2%
*117%
119%
*108%
109
*130
131
2%
119
•117%
*108%
109
*130
131
119
2%
119
*117i/2
108%
108%
*107 %
130
130
130
2%
2%
119
*117
103
108
130
*130
:
100
300
90
—No par
Gen Gas & Electric A.
$6
11
No par
102
Jan
4
110
Jan
21
100
10
128
Mar 18
131
Feb
5P/4 Feb
4
No
par
1253/4 Jan
28
No
par
36% Jan
3
46% Mar
17%
No
par
4% Jan
3
73/8 Mar
2%
General Mills
preferred
5%
57%
56 3/4
57%
56%
*126%
127%
*127%
127%
127 y4
127%
*126%
42 3/4
42%
42%
42%
*42 %
43'%
*42%
43%
400
6%
6%
6 '/2
6%
®6'%
6%
*6%
6%
800
20%
2,200
Gen Precision
7%
3,300
General Printing Ink
43%
6%
6%
20 Vb
.V
20%
7%
7%
44
*42%
6%
*43
20 %
1%; >
1%
*
19%
7%
*106%
20%
19%
127
19%
*106 '/2
20
7%
7%
7%
109
*126%
*106'%
1%
1%
*1%
1%
*1%
1%
22%
21%
21%
21%
21%
113
*110
113
113
*113
20
■
115
113
127
20%
:';7% i':-:
71/2'
•
109- -be"'
106%
*
*1%-- u% y-'
21%
57%
127
127
'
7%
109
22 %
,.//
113
1%
7%
109
•106%
22 %
*110
20%
7%
*106 Vs" 109
22%
6%
57%
21%
28,500
200
113
*111%
preferred
Outdoor
Adv
%
400
Gen
Public
1,000
Gen
Railway
113
20
A
Equip Corp
6%
par
10c
No
par
Service
Signal
preferred.
& Utilities
pref opt div series
1%
1%
13/4
73
73%
74%
75%
73
73
75
75%
76
76
1,200
22%
22%
21%
22%
21%
22
21%
21%
213/4
22'%
213 4
213/4
3,600
16%
16%
17
16%
16%
16%
16%
16 3/4
16%
16%
1,800
100
1
1%
*16%
1%
1%
83%
83%
83%
83%
81
83%.
81 '/2
25%
25%
25%
24%
25
24%
24%
*21%
22%
23 y2
21%
21
21-4
1%
83%
25%
7
*130%
22%
22%
10%
81
14
14
93
94
20
20%
48
48
21%
*102
102
102
11
79 %
22%
21%
103
*102
21
7-21%
*110%
*110%
22
22
1023/8
12.700
Gen
Realty
$6
82 34
84
84
84%
1.250
Gen Steel Cast $6
24%
24%
24%
1,700
General
*21%
21%
1,100
Gen
*21
*,.•
21%
1103/4
.
22%..
22%
11%
10%
ny8
10»/2
10 %/
79%
80
80
80,q
13%
13%
13%
13
13%
95
94
94
20%
19%
20%
22%
1023/s
10%
oVL *79
22%
22
102%
3,100
4 %%
Gillette
11
10%
11
y
10,400
81 %
80
80
133/8
13%
13%
8,000
94
93%
93%
500
20%
20%
20%
2,900
400
No
*93
20%
,
48 %
*48
*93
19%
48
94c g
133/8
$5
oV..
*93
19% 0'/.
20
481
tfr'V *47%
48%
483/4
1%
2
1%
2%
1%
2 Va
1%
2
2
3%
3%
3%.
3%
3%
3%
33/8
•3%
3%
3 %''
99%
'98%
993/4
97%
97%
*94'/2
100
47%
47%
*98%
47%
*102%
102 %
*1C2%
*98
46 >%
102
43%
109%
43%
42%
109%
44
43%
*109%
47%
102%
109%
*109%
47%
1023/a
45%
*101
2,
'
42 3/4
109%
44'/8
110
4534
46 %
101%
42 Vb
109%
'101
42%
109 %
48%
483/4
43%
9,200
500
12%
12%
2,500
*106%
107%
90
1%
11,600
11%
11%
11%
1073/8
106%
1063/4
10534
106%
1%
1%
1%
1%
1%
1%
1%
1%
1%
1%
4%
*4
4%
4
16%
16%
*16
16 y2
*16
11%
ny8
11%
4
4%
11%
11%
11%
4 Va
*16'/2
113/4
•
*35%
36
*24%
26
36
36
35%
25
*24%
.
*24%
36
36
25
*24%
4
16%
11%
700
109%
*106%
16%
9,600
102
42%
107%
*4
463/4
45%
*109%
12%
11
70
109%
107 %
*16%
97%
102
12%
•
2,900
54.500
43 Va
107%
12
3%
,
45%
102
12%
11%
600
2
3%
*94%
97%
107%
12%.
483%
2
-
Rubber
<fe
>3
8
Jan
12
'109
1% Jan
10
Feb
26
113
12
*
*
1%
4
4 Va
4%
1,700
17
16%
16%
300
12%
12%
12%
17,800
36%
35%
36 Va
*35%
36
25%
25%
25%
*24%
25%
1,000
100
*15%
15%
15%
15V8
15%
15"%
15%
15 VB
15%
15
15%
2,300
31%
32%
31%
32%
30%
32%
30 y2
31
30%
31%
31%
32%
20,600
*26%
27%
*26%
27%
26%
26 3/4
26%
26%
26 %
27
27
27
1,200
'"1483/4
151
151
100
*148%
i5y8
*55
62
*55
62
*47%
47%
*148 3/4
149
148%
150
*56
47%
47%
47%
*148%
151
*55
62
47%
47%
151
*148%
62
*55
61%
*55
61%
47%
*47%
48%
*47%
48%
20%
20%
10,300
11%
11%
1,300
12%
20%
•
20%
20%
20%
203/8
21
20
20 y4
20%
*31%
11%
*11 y8
11%
11%
11%
11%
11%
*11'/a
11 %
12%
12%
12%
123/8
12
12%
11%
11%
*4'/a
4%
4%
4%
4
13%
14
13%
138
141
141
141
141
3 4%
12%
*334
4
138
138
12%
14
12
103
3
Jan
6
81
Mar 21
ll'/eJan
19
14
Jan
7
94
Mar 25
2% Mar 27
3% Mar 13
100
a
par
8
:
No
par
104'/4 Jan
3
.No
par
8>/2 Jan
3
100%, Jan
25
.1
1 % Jan
3
104
Great
Iron
Nor
Ore
Prop—No par
Green
(H
3
14% Jan
pfd—No par
25% Jan
3
par
243/8 Jan
3
100
Western Sugar
Preferred
13
Jan
No
Great Northern Ry 6%
1433/4 Feb
15
—
5Va%
preferred
Grumman Aircraft Corp
Guantanamo
138
70
15%
50,700
45
44%
45%
7,300
8%
8,700
51%
52 Va
52
52
50%
52
48%
51
45%
45%
45%
45%
44%
45%
4434
4434
44%
7
,
'
•,
Jan
1013/4
107% Mar 22
1% Mar 15
Sugar
preferred
Gulf Mobile
& Ohio RR
Oil
M
3%
Jan
Dec
Oct
Dec
2% May
63/4 Apr
8
Jan
17
73/8
Jan
133/s May
29%
Feb
37
Sep
25% Mar 15
24
Dec
26
July
15% Jan
13%
Dec
18
Apr
12% Mar 31
36% Feb
18
31
33 3/a Mar 22
29
Mar
8
150Mar 22
21%
Jan
23%
Nov
138
July
32% May
27% Jan
Jan
154
Dec
Jan
3
57%
Sep
65
17
50'/4 Jan
5
31%
Jan
50
Sep
19% Jan
3
22% Jan
24
14 >/8
Jan
21%
Dec
10
ll'/s Jan
13
12% Jan
14
11
Jan
13% July
10 Va
Nov
1
No par
100
No par
No
nrpfprred
Gulf
4'/4
80
102
43 % Feb
—
1,400
53%
Jan
108% July
93/a Apr
No par
Greyhound Corp (The)
2,200
14%
Jan
1
100
& West RR.
Co Inc
L)
4
51%
41% July
90%
5
24
3% May
97% Aug
45% Sep
8
Mar
19
3
Sep
Jan
4% Jan
32% Jan
1% May
Jan
Jan
13% Mar 18
r
Jan
l3/4
73%
Jan
17 Va Jan
142
14'/8
109%
A
„
25 Va
8
Great
Oct
Jun
24%
17
20
20
Sep
83
Feb
28
4
51%
45
33,4 Jan
—;
May
Mar 21
48% Mar 22
Jan
9%, Feb
*138
13%
18
15% Feb
4
50%
Feb
5
preferred..
85%
1
Jan
No par
5%
Jan
59
1
Feb
Co
;
9% May
48
No par
10
(W T)
14%
Jan
Grand Union Co.
Grant
74
Jan
41
98
P
Jan
5
43% Mar 28
363/8 Feb
Steel
Jan
603/4
Feb
100
Consol M S &
7
46
Granite City
Gran by
Dec
Jun
22% July
40
Graham-Paige Motors—
253/a
Jan
par
Preferred
Jun
233/a May
113
143/4
.No
par
July
203/4 Mar 16
2 34 Jan
.No
Sep
Dec
18 % Jan
85% Jan
.No
Jan
i
24%
43/4
Mar 22
1
(B F)
preferred
Goodyear Tire & Rubb
$5 conv preferred
Gotham Hosiery
Jan
143/4
11 Va Mar 22
69
par
par
50
Jan
108
91
•
Jun
Mar 31
par
x83
Jan
15%
8
14
par
1
138
13%
Mar
Jatf
1%
Jan
16%
23% Mar 16
8
17
Co. —100
5%
60
22
25% Mar 16
22
Co—-—
4
113/4
15%
110
_No
138
—
Jan
.No
4
12
9%
88 Va Jan
Mar 28
60
4
Mar
'
20 3/8
8
17% Mar
.No
Gold & Stock Telegraph
Green Bay
700
23% Mar
6
preferred
Brewing
Co
Jan
14
(Adolf)
Goodrich
15%
Jan
par
Aug
59
Jan
No
115
Jan
23% Mar 20
223/« Jan 20
7% Jan
Mar
Jan
,.No
(The)
conv
X104
26
Nov
2 Vs May
25% May
%
19
preferred
4%%
Jan
31%
4
Feb
Jan
Mar 31
14% Jan
193/4 Feb
a92
123/a
>
24% May
8% Jun
112
2 Va Mar 21
15
99
Jan
5'
Nov
6% July
Jan
113% Feb
20:% Feb
5
39
Jan
4%
103%
23% Mar 13
par
81
13%
5
Sep
131% May
JanJan
Mar 16
Feb
13/4 Jan
13
20 Va Jan
Feb
213/8 Mar 16
Mar 29
6% Jan
107
76
100
Safety Razor
preferred
IGoebel
Nov
110
Co
conv
Gobel
125%
par
preferred
Glidden Co
11
.—100
.No
Gimbel Brothers
$6
July
130
"
13%
July
56
3
.20
Corp..
Instru Corp
General Tire
137
Jan
12
2_.No par
preferred
90
103
107%
Nov
44'/s
l'/f, Jan
preferred—No par
Telephone
Time
6%
*llp3/4
1023/s
102%
81
11
*80
13/4
1%
24%
..
*1103/4
102%
1%
Jan
128%
51% Jan
General Shoe Corp
1%
,;i9'/f
83 Va
18
59% Mar 13
1
General Refractories
16%
*
No
—
75
*73
.
No par
1
preferred
22%
1 %*v
*21%"
$5
Common
$6
109
*
c
General Motors Corp
Gen
93
Jan
57%
57%
10
115
57%
57%
2% Feb
preferred series A-No par
conv
57%
57%
'
*>"<■
11% Jan 27
33/4 Jan
123
Jan
6% Jan
33
Jan
4
26
.
3
3
67
13
Feb
Mar 13
17% May
43ft Mar 10
2%
Jan
5
Mar 14
81%
Jan
160 3/4
Jun
153/4 Mar 20
3%
Jan
10 %
May
563/s Mar 20
25%
Jan
41 % May
46% Mar 17
44 %
Dec
^56% July
Mar 22
150
Jun
25
44 % Feb
8
25
27% Feb
21
29
223/4
Feb
28%
Sep
25
10
Corp—
35
20
37 Va Mar
6
35
Jun
38
Apr
15% Mar 13
16% Mar
8
12 y4
Jan
18% July
9%
Jan
'
H
28%
36%
*35%
36%
36%
36%
10
16%
*16
16 Va
16%
16%
400
Hall
12%
700
Hamilton Watch Co
28%
*27
28%
*27
28%
*27
2834
*35%
36%
*35%
36%
*35%
36%
*3534
*16
16 %
16%
16%
16 '/a
*15%
*11%
*106
11%
12
107
For
*106
footnotes
see
11%
11%
-106
107
poge
16
1367.
11%
107
'
*11%
*106
Water
*27
*27
12 %
107
12
*106
12%
107
*27
123/8
*106
Hackensack
28%
107
7%
6%
preferred class
Co
A
Printing
preferred
No
Jan
par
11% Mar 28
100
106% Mar 17
Jan
17
107% Jan
24
14
104Va Mar
153/4
Jun
110% July
THE COMMERCIAL &
1362
AND
LOW
Saturday
Mar. 25
S
Mar. 27
$ per
per share
*103
*147%
$ per
t,
150
7%
7'4
108%
*107%
*7%
7%
7%
6%
6%
107%
107%
*107%
*147%
6%
7
2%
2%
2%
2%
2%
2%
2%
2%
2%
100%
100%
100%
100%
100%
100%
100%
11.0%
100 %
*70
72,
*70
*161
•161
*131%
*67 %
♦116'4
*20%
24%
24'4
24%
22%
24%
79'4
79%
78%
79%
78
*67%
68
37%
*14%
14%
*21
*37
116%
*20%
21%
21
15
41%
403/4
*433/8
*15%
15 VB
*63%
10%
*32%
14%
63%
64%
103/s
Hercules Powder—
preferred
Hershey Chocolate
$4 conv preferred
6%
No par
No par
200
Hlnde & Dauch Paper Co
700
Hires Co
300
Holland
21%
21%
15%
14%
400
15
15
153/s
3,100
Holly Sugar Corp
413/a
43%
*433%
44%
15%
15%
15%
63%
64%
64%
65
93/4
10%
10%
10 3/4
10%
32%
32%
*32%
33
1%
1%
1%
'32%
32%
1%
33
32%
l3/4
*1%
7
1,100
71
Apr
Jan
172
Aug
25
Jan
5
73
Jan
Mar 10
128
Dec
49
Jan
71
July
100
Jan
118
Aug
3;
7
16 ¥4
28 3/4
15% Mar
6
23
3
8%
8%
7%
7%
"1%
23%
23%
23%
22%
23%
22%
23%
23%
23'%
24 3/8
6.500
9%
9%
9%
9%
9%
9%
93/8
9%
9%
9%
9%
9%
5,900
Hudson Motor Car
1 %
1%
1%
1%
1%
1%
1%
1%
1%
1 ¥2
1%
1%
6,000
Hupp Motor Car Corp
26%
26%
263/a
26 ¥4
26%
26%
26%
26%
26%
203/4
26¥4
263/4
2,500
16%
16%
16%
16%
153»
16%
15%
15%
153/4
16
153/4
16%
22,600
36
36
353/4
36%
56 %
57%
57
57
13%
*13
13%
16%
*16%
17
*1%
*8%
l7/a
*1%
1%
9
0
8%
23
8
8%
T
900
8%
&
Hudson
800
36 ¥2
Jan
17
93/4
Jan
9
112
Mar
44
105
*36¥4
l„.,
37
56¥4
*563/4
*14%
36 ¥2
35%
37
35%
56%
57%
56
56%
50%
563/4
14%
14%
13%
14%
13
13
*13
17%
17
17
16%
17
x
14%
*17
36%
'*•;■•
17%
*17
95 ¥4
39¥4
*39
393/4
16 %
39%
95 ¥4
96
160%
16C%
*160%
165
*160 3/8
73%
73%
72%
73
73%
10%
10%
*95
96
95
95%
383%
393/4
393/4
40%
*40
'
96
890
1,960
3%
Jan
Mar 22
30 ¥4
Jan
%
Jan
2%
2
Feb
21
Jan
10%
22 ¥4
Jan
29 3/8 Mar
4%
Jan
11 ¥2
July-
1% Jan
4
1% Mar 15
14
Jan
2 3/4
May
20
24
934Mar22
26% Jan
*74
10%
*32%
113%
7%
70%
172
172
2%
17%
.
'
Feb
25
3
25¥4 Jan
3
393/8 Mar22>
18 ¥2
Jan
31% May
46
Jan
4
58 J/4 Feb
37
Jan
48
May
8
900
96%
96%
*5%
'53/8
1,200
27
-
*133%
70%
Jan
4
14¥zMar22
May
Jan
4
Feb 10
17% Mar 16
413/8 Jan 14
■
75%
172%
*170%
173
500
70
70%
703/4
71
3,600
173
173%
173 %
173%
*
2%
2%
2%
2%
5
5%
26 ¥4
26%
*133
15
,73%
74
*133
27
15
Jan
17 ¥2 Mar 22
12%
73
9%
75%
753/4
753/4
74%
753/4
73%
43
42%
42%
373/4
37%
37%
66 %
65
65
43
37¥4
*66
68
*13%
32
31% ;
13%
16%
16
16
*31%
32
*140
*140
13
16%
32,400
13%
16%
16%
163/8
13%
161/2
2,200
16%
*15%
16%
*15%
16%
100
Intertype
313
31%
*31%
32%
*313/8
32
600
*140 ¥2
*140%
—
13%
*
—
1,000
140 ¥2
Interstate
115
Mar
Nov
9
Mar
6
Jan
93/4
Jan
5
144 ¥2
Jan
74
Jan
31
56%
Jan
173% Jan
12
162
177
743/4
177
4
¥2
Jan
3
17¥4Mar23
ll3/4
Jan
19
69 ¥2 Jan 20
53/8 Feb 21
55 ¥s
Jan
Jan
Sep
Jun
67
3%
Apr
Jan
3'
2% Mar
6
Jan
July
4¥a May
Mar
July
6% May
"
17
Feb
25
Nov
14
28% Jan
134
129
Dec
36¥2
138
Apr
July i,
Mar 16
8 ¥4
Jan
14%
Mar 13
453/4
Jan
69 3/4
Dec
Mar 22
3%
Jan
11%
Jun
Mar25
Jan 31
37 ¥2
Jan
71 ¥2 July
13¥aFeb
7
66
Feb 11
1% Feb
3
68% Jan
4
39 ¥2 Jan 13
35¥2 Jan 13
16%
75%
10
753/4
43
39
July
37% Mar 16
28
Jan
38% July
_50
563/4 Jan
3
71 ¥2 Mar 10
36
Jan
60
Dec
1-—100
117
Feb
11% Jan
3
12
120¥a Mar 9
14% Mar 22
102 ¥2
Jan
115
July
6 ¥2
Jan
16% May
6%
Jan
16% May
!
100
No par
100
par
No par
...
No par
No par
No par
T
Dept Stores
No par
Corp
1
preferred
$6
Jan
6
174
1
Apr
106
28
130
15
Co
Island Creek Coal
8
13%
2
1% Jan
100
preferred—
Telep & Teleg
Foreign share ctfs
16%
8% Mar
15¥s Jan
No par
Intern'l
16 3/4
*140
—
133/4
8% Mar
65
Jan 13
4¥» Jan
3
25% Mar 31
5
7%
124
13%
ll¥2Marl5
165 ¥2 Jan
100
1
Silver—
*15%
31 %
16%
*109%
Feb
69% Mar
par
25
Chem
-No
124
13%
No
Salt
*109% •120%^ *110%
13%
114¥2 Mar 13
8¥2 Mar 17
No par
International Shoe
International
*15 ¥2'
14
16%
International
700
13
6% Jan
3
6% Jan 27
154% Feb 29
•
200
-100
»
15%
109% Jan 27
preferred—
43
37%
Apr
July
78¥4 July
8% JUly
preferred—
66 %
12%
16%
Paper
373/4
*42%
168
Jan
38% July
Inter Rys of Cent Am
5%
100 ¥4
Apr
Jan
,
*65
13%
16%
280
Preferred
conv
Nov
62
Jan
Int Nickel of Canada.
5%
86 ¥2
158 ¥2
Nov
International Mining Corp
*42%
120%
*13%
74%
&
Min
*373%
123/4
*16
2,100
Nov
6 ¥2
preferred
43
*110 ¥4
.
1.700
9%
♦73%
/
73%
9%
323%
19% July
44% Jun
9%
100
International
13
100
66
13%
16%
73%'
i
9%
733/4*
74
120
Jan
Jan
213/4
3
28
31
No par
,37%
120'%
14%
17
9%
22,800
133
3
7
20
4
11 ¥8
—No par
*64%
13%
13%
*16%
373/4
*65
9
9
*110%
127
*16
5
<42%
*42%
*37%
73
73%
8 ¥2
68
15,700
12%
9%
;
147/«
14%
74 ¥2
■
14%
14%
9%
4,000
203/4
25 %
*131%
14%
74%
5
Feb
Jan
76 ¥2 Jan
99
162
16% May
Jan
7
Hydro-Elec Sys class A
4%
3
8
34% Jan 24
Preferred
Int
3
18
26
Harvester
International
200
26%
14%
International
6
Feb
7 ¥2 Jan
1
Machines
Business
Jan
Mar
10¥a Feb
20
Rubber
2,500
683%'
4%
5
Int
par
No par
Corp
Iron
3.800
2%
17
17
*66%
68%
260
.
133V2
26%
133%
•
173%
2%
2%
17
4%
26%
26
133 VB
9%.
37%
31%
172%
133 %
43
13%
172%
5
*42%
*110%
Interlake
17
*37%
68
7,800
173%
1
■
73/4
'.'*66%
74%
*9%
7%
71
100
preferred
6%
Intercont'l
7%
17
74%
40
Interchemical
xl6¥4
38¥e
88%
158
71 ¥4
par<
No
Inspiration Cons Copper
7%
70
.
173
14%
1,000
113
113
—-No
:
Co
Insuranshar,-»e Ctfs Inc
7%
68
15%
300
8%
31%
7%
16%
15
3,100
8%
Steel
Inland
5,300
68
15
11
10%
31%
8%
Ingersoll-Rand
6% preferred
7 5/8
17%
15
10
600
74%
7%
*169
172%
•5
73 %
7%
68%
5'%
11
32
113%
17
134
*
73%
7%
68%
263/4
26%
134
*113
165
*160 3/o
1000
No par
No par
Rayon
7%
17%
5%
26%
*133%
7%
2%
2 ¥4
113%
'
165
.
100
Industrial
7%
—
68%"
17%
*68
69%
*113
7%
173
173
2%
2%
173/a
*68
113
70%
71
173
,
8%
*31%
*169
172 ¥2
70%
71
8%
32%
7%
8
171
172%
*171
*8%
3P/8
7%
7%
8
107/s
8%
32%
113
113%
7%
8
8
33
*113
7%.
10%
8%
32%
8%'
*8
*32%
33%
113%
.
103/8
11
10%
,,
8%
*8
74%
74%
74%
10%
165
*160%
165
10°.
Jun
10¥a Jan
—1UU
Indianapolis Power & Lt
-
*100%
Jun-
11
ctfs series A—
See
RR
Apr
-
10% Mar 16
4 %—.
lines
4 ¥2
Nov
4
preferred series A
Leased
413%
'
;
July
9% July
8¥4 Feb
RR Co
Central
~
,
1
900
40
40
39%
96 a'4
*96
2,200
6%
57% July
68 ¥a
No par
Idaho Power Co
Illinois
July
114
59 ¥2 Aug
"
1% Jari 11
6
Jan 12
22% Mar 4
July
17
11% Mar 23
35
Sep
45
?■
Mar
10
66 ¥4 Jan
42%
Jan
4
64% Mar
3
•
36
Apr
443/4 Mar 16
Jan
July
Aug
Jan
3
7¥4 Feb
30% Feb 21
23%
P/4
17 ¥2
17
117
31
3
Jan
Feb
40% July
Sep
25
16
Jun
Aug
Jan
Jun
45% Jan
Dec
-
Jan
Jan
12%
v
213/8 May
25% July
115
3
108
63
7
87
136 ¥2
Jan
116% Mar 24
20
MarihattaP————lOO^5% non-cum preferred
100
Hud Bay Mln & Sm Ltd
No par
'
14 ¥2
21% Mar 14
7
Feb
29 %
12%
'
1%
152
12
;
100
preferred
Light & Power Co.—No par
Houston Oil of Texas v t c
25
Howe Sound Co
5
42,000
110 ¥2 July
Jan
66 ¥2 Mar 18
3
Jan
3% May
Jan
56%
163/s Feb
Jan
5%
Jan
93 ¥2
Jan
Jan
Houston
1%
3
39% Jan
Jan
Oct
4
25.
21
22
7 ¥2 May
10% May
4
13%
54
!
Jan
Sep
109%
'10
42%
B
Feb 23
116% Mar
21
.44 ¥2 May
107%
6
81% Jan
2
183/4 July
Feb
86
Jan
134
Jan
4¥4
Mar 15
273/8 Feb
4
Household Finance
500
1,800
11
11
13¥<
116
163
Jan
13 ¥2
135
Feb 20
753/4 Feb
3
Jan
Class
120
'
65
63 3/4
63%
>
110%
*109%
Jan
Feb
39
Houdallle-Hershey cl A
100
1,300
62
*60%
62
109%
18
—12.50
No par
:—No par
—No par
Homestake Mining
14,700
•
No par<\
100
preferred
7 %
39%
xl09%
111
111
(A)
Hollander & Sons
40%
*59
62
61%
62
111
14%
*116
*15
15%
(Del)
3
Highest
$ per share
99%
11
Mar 13
106 ¥4 Jan
4
Jan
Feb
$ per share
17% Mar 16
146
7%
108
7%
Mar 28
193/4 Feb
20¥» Jan
36¥4 Mar
13% Jan
10
1
10
5
The
(C E)
Furnace
143/4
43%
45
15
:
393/4
39%
*43%
38
Mar 11
per share-
108
6
Feb
76
128
63
114 ¥2
100
22
Jan
160
22%
No par
cum
$
28
Mar 13
633/4
No par
Motors
.200
*36%
*116
39%
44%
9%
33%
*32%
*14%
41
63%
10%
143/4
*116
62
;
143/4
*14%
14%
14 ¥2
15
110%
11
1,400
133
preferred
non-cum
68
36 ¥2
T5 %
62%
64'4
78%
7%
117
21
36%
*43%
111
*109%
33%
21
37
393/4
15%. :
62%
62 >4
111
111
21
37
14%
44%
15%
*61%
21
15
41%
44%
Hercules
*20 ¥4
117%
21
*116
41%
*116%
37%
*37
15%
*43%
5,800
'
*116
*116
24
Jan
99
25
25
100
Co
Glass
W)
(G
2%
?.
Corp
Helme
*65%
21
-
153/4
15
Hayes Mfg
Hazel-Atlas
*116%
60
>65%
20%
4,300
100
78%
116%
21
1,100
570
*131%
68
37%
*14%
*65%
68
23%
133
117
20 ¥4
213/4
37%
15%
*131%
410
2%
23%
78
78
*131%
133
*66
21%
*20%
21%
23%
78%
"
500
•
*161
*115
68
116%
116%
133
*131%
133
*131
133
117%
22
*21
23%
22%
80
24%
*79
100
1
100
, 1
Year 1943
Lowest
Highest
105% Jan 12
15% Jan 13
138
Jan
8
5% Jan 14
104 ¥2 Jan
5
6% Jan 3
No pa*
No par
Refrac
72
*70
♦161
*161
*161
—
72
*70
70%
70%
72
«
Co $5 pfd
preferred
—
Hat Corp of Amer class A
6 ¥2%
preferred
Hayes Industries Inc
/
$ per share
Par
:
6%
101%
100%
72
*70
;•
(M A)
Hanna
7%
*7
Lowest
\
.1
Harbison-Walk
'
108%
2%
2%
100%
t
,
1,800
,
6%
*107
7%
*7
"
150
6%
6%
107%
f>hare§
16%
16%
*147%
Range for Previous
Range since January 1
•
EXCHANGE
106%
*106
16%
150
107%
7
108%
7
7%
7
7'4
16%
16%
150
*6%
108%
*7
*6%
*107'4
$ per share
106%
*106
106%
16%
*147%
30,
Monday, April 3, 1944
*
.
STOCK
YORK
NEW
for
the Week
Mar. 81
$ per share
share
*106
16%
*147%
150
>147%
150
Mar. 29
share
16%
Mar.
Sales
Friday
Thursday
Wednesday
106%
*106
16%
16%
17
$ per
share
STOCKS
PRICES
SALE
—
Mar. 28
106%
>106
106%
*16 %
HIGH
Tuesday
Monday
FINANCIAL CHRONICLE.
1
11% Jan 12
44
Dec
Apr
15% Feb 21
15
Jan
4
14% Mar 22
17% Jan 15
16% Mar 15,
9 ¥4
Jan
18%
Sep
10 ¥2
Jan
18
Jun
29
6
32
Mar 27
27 ¥2
Jan
323%
Apr
138% Jan 17
.
141
Mar 15
Jan
145 ¥2
Jun
Jan
135
»
J
14%:
23%
*107
90%
6121
*107
90%
22%
90%
90%
14%
28 ¥s
28 3/4
28%
28%
*107
28%
90'4
*121%
__
100
*83
100
*83
28%
111
90
90%
*121 ¥2
100
14%
*10.7
111
90
90%
•'
/V
*83
14
14
14
111
20%
"121
100
"83
100
14
*107
110
*12113#
4
*83
29%
29%
23%
111
14%
*14%
14%
14%
*28%
*107
*83
Jarvls
Co_
1
1,200
Jewel Tea Co Inc
No par
111
89%
*121%
1,100
29
*14%
4
90%
1,800
preferred
¥4%
100
22%
213/4
22%
21%
21%
22
22 %
22%
22%
6,400
65%
64
65
62 ¥2
63%
63%
63%
63 %
63%
1,000
84% Feb
15
121 ¥4 Feb
17
74%
74%
73
73%
*73%
74%
74
74
v4
1,300
5%
11%
11%
11%
11%
2,300
Joy
17 ¥4
18%
167/s
173/e
16%
2,800
Kalamazoo
22%
Jones & Laughlln
96
Feb
Feb
16 ¥2 July
34
July
99 ¥s Mar
109% Aug
Mar 13
9
Steel
No par
70
Jan
92 ¥2
Sep
125
Dec
136
July
78
131% Feb
stamped__100
5%
75%
RR
Jan
26
10
31% Jan
110
9%
14
15 ¥4 Mar 22
3
21
100
Chicago
&
13 ¥4 Jan
28 % Mar 28
1073/4 Jan
No pur
Johns Manville Corp
Joliet
*11%
22%
100
Preferred
:
•
(W B)
Aug
79
Aug
3
23% Mar 16
19 %
Jan
267/a
Apr
Jan
5
66% Mar 22
54
Nov
65
Apr
66 ¥2 Jan
4
76 ¥2 Mar 16
643/4
Dec
82
Apr
10% Jan
14
25
8%
Jan
123/4
Jun
Mar 21
xl2%
Feo
121
2U% Jan
1
*65
*65
65%
75%
75%
75 *4
11%
11%
18%
18%
11
11%
*11%
113/i
17
17%
17%
17%
100
100
—1
pref series A
pref series B conv
Mfg Co
58
11% Feb
K
*122
128
*122
*122
128
128
<122
*122
12%
1278
12%
13 5/a
123/4
38
38%
38%
39
37%
39%
*15
15%
15%
15 ¥a
14%
■15%
*14%
103 3/3
103%
*1033%
103 3/4
103
103%
103
18%
*
17
18%
*18
18 ¥2
18
18 ¥4
112%
*110
112 ¥2
*110
21%
21
*110
*20 ¥2
16
31%
*19%
20%
*20
*33%
35%
34
5.%
5
*8%
9%
*8%
30%
*30%
343%
34%
*11%
68%
4%
4%
58%
2334
93/8
*8%
307/a
34 ¥a
347/8
34
12%
11%
11%
11%
68%
68 %
68%
68
69
28 %
28 %
28%
28
28%
*21%
21%
*21%
*40%
41
37%
37%
38
14%
15
14%
14%
103
*103
15%
113
103
103
120
18
18
18
V 800
;
112 ¥2
21
800
104
*17%
18
4,100
*110
..
112%
*20%
16
21%
16%
*112%
113
>110
*20 ¥2
16%
113
112%
21%
600
16%
4,800
113
.
60
30%
31 ¥8
31
31%
30%
31%
16,400
*19%
20 ¥-»
19%.
20
20 ¥4
20 ¥4
600
*34
^
-
35%,
34%
v400
4 ¥2
*34
35
4%
*4 ¥2
58
58 Vs
58 ¥2
23%
23%
23%
23%
4%
4%
-
*8% •
800
59
23%
23 3s
'.
*34
59
*56%
9%
30 ¥4
37%
14%
59,600
Kan City
Kansas
4%
City
conv
163/4 Mar 29
19
x!22 •%*Mar 13
124
No
Southern
Dept Stores—
preferred
(Julius) & Co
Keith-Albee-Orpheum
_1
9-
8%
8%
*8¥a
43/4
230
2,600
5
17
Jan
110
A
1
—I
100
9
.-No par
30
Feb
4
Keystone Steel & Wire Co_
-No
par
19 ¥4 Jan
Corp—-No
par
31 ¥2 Mar
Kimberly-Clark
1
Kinney (G R) Co
$5 prior preferred
-No
11%
12%
13
12 ¥2
123/4
1,240
Laclede
"67
69%
69 ¥4
73
72 ¥2
73
27%
27%'
28
28
28
28
21 %
20%
21
21 ¥4
21%
40%
40 %
40%
40
40
11%
H)
Dec
29%
Sep
Aug
Apr
Apr
17
Sep
Jan
104
Nov
3
11%
Jan
17
Mar
6
103 %
Feb
115
22¥e Mar
8
14%
Jan
10
no
16% Mar 17
113
19
Jan
7%
8%
102
24 ¥2
Jan
Sep
Dec
May
16% May
113
Jan
Apr
28%
Jan
357/a
7
32% Mar 17.
20 ¥2 Mar- 8
15%
Jan
20¥4 July
4
35 ¥2 Mar 14
25
Jan
34
Apr
July
" Feb
17
Jan
28
5% Mar 22
63% Mar 22
1%
54 ¥2 Jan
343/4
Jan
58 ¥2 July
Feb
11
24
Mar
6
18%
Jan
24 ¥4
Sep
7
Apr
3
22
6% July
"
25
Jan
10%
27% Jan
4
9% Mar
31% Mar
23/4
par
2
23 ¥«
Jan
32 ¥4
Sep
—No par
Kroger Grocery & Bak
(S
19
10%
Jan
Feb
19% Feb
'
19 ¥2
127
Jan
6% Jan
2,700
Kress
par
10
Kresge (S S) Co
Kresge Dept Stores
34%
11%
26
Kennecott Copper
34
34%
13 Vb Jan
6
25
21
34%
34%
Jan
Jan
34%
34%
Mar
112
'-3,700
,
20
Jan
Dec«
5%
83
15% Mar 27
105
4
-No par
pt pfd A
30 3/4
30
19
Jan
Jt
Co $6
39% Mar 11
4
13 ¥4 Feb
pfd_10O
conv
B—
Kendall
30%
30 ¥4
19% Jan
102
25
14% Mar 28
3
5
Kelsey Hayes Wh'l conv cl
30
293/4
6 ¥2 Jan
100
—
Kayser
Class
par
—100
preferred—
non-cum
Kaufmann
5%
—10
-No par
P & L pf ser B
'
23%
31
38
15 ¥2
59
23"%
23%
30%
34
60%
*59
61%
23%
34
13%
*112¥4
20 %
34
13%
*20
31%
20%
13%
*110
16
20 ¥4
"4%
5%
60
233/4
303/4
12%
*17%
112 ¥2
31%
31 ¥4
15%
20
123
13 ¥2
37
21
112%
122
12%
112%
.
153/4
*112
31 %
*20
1123/4
15 ¥2
16
112%
*112
21
14%
Stove & Furn
31 ¥2 Jan
4
353/b Uar 17
24%
Feb
323/4
Nov
9 ¥2
Jan
-No
& Co
L
*28
22
40%
9%
9%
*22%
23%
21%
40%
9%
22%
9%
23
*39
9%
23
*116
116%
7
7%
6%
7
6%
1%
1%
1%
1%
1%
>116
116%
*116
9%
23
116%
7
9%
*20%
40
930
2,100
■
600
Lane
40%
700
Lee
9%
10
22,900
22%
23
1,700
9%
9%
22%
*115%
116¥2
*115%
116%
*115%
116 ¥2
6%
6%
6%
6%
6%
6%
9%
22
23
8,900
1%
1%
1%
1 %
1%
*1%
1%
1,900
23
23%
22%
23%
21
22%
20%
21%
21%
22%
22%
23%
15,500
30%
30%
30%
31
30%
Co
St Louis
Portland Cement
4% conv preferred
Lehigh Valley RR
Lehigh Valley Coal
30%
29%
30%
19
19
19%
19 %
19
19
18%
18%
40%
41
41
41
40 %
40'/2
40%
40%
*40 ¥4
40%
1,500
Lerner
45
45%
45
45
44%
44%
43%
44
44%
44%
44%
44%
3,000
7%
7%
7%
7%
7%
1%
7%
7 ¥2
Libbey Owens Ford Glass—
Libby McNeill & Llbby
43 %
*41%
43 %
41%
41%
7%
43
7%
43
F^r footnotes
7%
*42
ree
P^ee
*41
42%
31
*41
31 ¥4
1,900
600
*
1%
14,400
42%
200
3
-No par
25
100
Corp
Corp
Life Savers Corp
Jan
73
Mar 30
17
6
Jun
11%
Jan
19%
26%
Jan
39 ¥2
8 ¥,
Dec
9
Dec
Jan
29
July
120
July
6
24% Jan
31
20
2
107%
Jan
7 ¥2 Mar 21
2%
Jan
117
Mar
3
par
1 ¥4 Jan
29
15% Feb
4
24 % Mar 13
11%
Jan
203/4
4
32% Mar 20
24
Jan
32
19 ¥2 Feb
I—15
—
18% Jan
5
.No
par
3 6 ¥» Feb
14
.No
par
42
7
5
1% Jan
41
3
6 34 Jan
3
7% Mar
8
43% Mar
Jan
V-
2 ¥2
Jun
Jun
July
1434
Jan
22%
23%
Jan
38 3/s
31
Jan
43 ¥2
Dec
9
5
J an
8%
Jun
1
30
Jan
25
Mar 18
46 ¥2 Mar 13
Jan
39
U Jan
'5
Oct
8 ¥4 May
4 ¥4 Jan
1367.
Jun
10
22 ¥8 Jan
7
Oct
293/4
Mar 13
10
Jan
73
Jan
21% Mar 13
3
113
Jan
17%
41 ¥4 Jan
Jan
8
•/ 16T4 May
35
50
.No
(The)
Lehn & Fink Prod Corp
Stores
13
29 % Jan
29% Jan
19
19
19
38% Jan
50
41
30%
17 ¥4 Jan
preferred
19
30%
14
par
Lehigh
conv
11
Jan
5
Lehigh Coal & Navigation Co.
6%
Feb
27¥4 Mar 29
.No
Bryant
Rubber & Tire
Lehman
11
62
par
_No
(The)
41
*18%
100
100
Lt Co
preferred
5%
Lambert
21 ¥2
22%
Gas
41
Jun
Dec
July
-
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4269
159
LOW
Mar. 27
Mar. 25
$
$
per share
*72
per
*72
73%
75
AND
Monday
Saturday
75
177%
27%
$
*26
$
*25
27%
27 %
*26'/4
"
40 Vn
40%
40
39%
39%
38%
39
39
*38%
39%
38%
38%
*38%
21
20%
203/a
20
20%
19%
19%
23%
23%
23%
*20 *8
40
39
*26'A
39
...
Link Belt
300
—
431/8 Mar 16
24
Jan
44
21
34'/4
Jan
121/8
Jan
par
193/4 Jan. 13
3,700
par
58
1. -No
par
40% Feb
-No
par
23'%
23
23%
163%
16%
16%
17
17%
60%
59%
60%
601/2
61
61%
613/4
43%
43%
43%
43%
43%
43%
43
433%
4-3'A
*.'43%
433/8
43%
3,200
Lone Star Cement
11%
11%
113/8
11%
10%
11%
10%
10%
10%
11
IO3/4 V'' 10%
5,400
-No par
Long Bell Lumber A
30%
31
30%
30%
28%
30
29
29
29%
293/4
*29'%
1,100
Loose-Wiles
18%
18%
18 Va
18%
18%
18%
18%
18%
181/2
18 %
*21%
22
22
88%
88
159
22
158
89%
26'%
26'%
*157
22
*21%
*88 %
%
18%
158
88%
*157
159
■-
18%
7 %
70
213/4
2I3/4
21.3/4
213/4
213/4
88
88'%
87%
883/4
89
89
26'%
26'%
v
Lorillard
•2,400
159
21%
v
89
;
.
30
159
'•159.
.;
.1
t
Co
Nov
25% Mar
Jan
16
371/2
Jan
64'% July
513% Jan
47% Feb
24
3
8 3% Jan ='
12
"Mar 21
6I/b
Nov
11'% May
28
Jan
3
31'% Mar 16
18%
Jan
31
Oct
17 3% Feb
14
18% Mar 17
16 »/4
Oct
21'%
Jun
1481%
Jan
7
153/4
Jan
90'% Mar 17
593/4
Jan
100
;
20% Jan
1G0
5
12
693/4 Jan
-No par
Jan
3
151
100
Nashville
&
Jan
12%
42'%
10
.
preferred
Louisville
1,400
!
.
153/2
24
Mar 17
18'/4 Feb
62
1
May
July
21% July
21% Jun
24% Mar 16
28
Mar
Jan
25
Biscuit
(P)
Louisville Gas & El A
500
//
153/b Jan
Corp
Jun
43
21% Mar 18
-No
23
15%
Jan
40
Jan
18 »/a Feb
-No
23
17%
60%
22%
383/4 Jan
Lockheed Aircraft Corp
Loew's Inc
23
163/a
60%
15
182'% Aug
28 3% May
37
par
Liquid Carbonic Corp
23
173/8
60
Feb
July
733%
Dec
-No
1,100
23
17%
61%
158
28
9,900
23%
17%
160
26J/8 Feb
Nov
171
71
„No par
Co
Refining Co
17 '%
160
par
Lion Oil
607/a
■
763/a Mar 18
178% Mar 30
$ per share
Dec
62'/4
673% Jan
1,500
20
62
174'% Jan
_No
Lima Locomotive Wks
2,300
39%
19%
—
Lily Tulip Cup Corp
*38'% ,39%.
20
*19%
73'% Mar 22
3
Highest
$ per share
__25
Preferred
27%
3934
39'%
39
-
220
68'/4 Jan
$ per share
-100
Series B
1,900
27 3%
393/8
'39V4
74
179
Year 1943
Lowfet
Highest
$ per share
25
Liggett & Myers Tobacco
1.000
,
'
178 3%
Lowest
Par
74
178%
*25
,
Range for Previous
Range since January 1
STOCK
EXCHANGE
.
Shares
»
*178
75
75
75%
72'
YORK
NEW
the Week
per share
72
72
.
178 %
*177%
$
♦
$ per share
72
Sales ,for
Mar.-31
Mar. 30
-
,
72%
75
177
.
share
per
72
75
177
27%
Mar. 29.
.Friday
Thursday
Wednesday
72
74%
177%
.
STOCKS
PRICES
SALE
-
share
per
*71%
75%
177
*26
share
73
75%
'177
HIGH
Tuesday
Mar. 28
,
1353
Mar 22
221/2 Mar
163'% July
22'% July
79
July
29
May
M
26'%
26'%
*135
•■'.'
..—.
38'%
26'%
*135
...
__
32
16'%
31%
32'%
32'%
32'%
16'%
*15%
16'%
16'%
*7%
*3433%
3
13%
*12'%
20'%
20 %
;
14'%
143%
r
19'%
193%
16%
3'%
2%
16
*15'%
16
*3433%
2%
*6
6»%
6'%
16-.- "•;•• 15'%
19'%"
7'%
6'%
■
■ /"
1.5 " •;/;-
:
*19
19'%
*2%
23%
21%
14%
203%
193/B
20'%
6'%
6%
■
;Y
15'%
21
21'%
19%
19'%
19%
:
14%
20
5%
5%
5%
38
38
37'%
37%
37'%
26
*25%
26'%
26%
20%
26'%
203%
20%
21'%
20%
174
*171
*170,.
20%
6 ..IT,
■
,
■
■'
Copper,
,
;
Sugar
Mandel
—
I
20%
'
'
6
i
20%
1%
10
56%
//.:
56
(jYY
3%
...
35 "■/
*331/4
341/4
*107
24
243/s
*333/4
108'%
;
54'%
55'%
5%
5%
*107
55
5 3/4
54
5%
333/4
33%
*107
108%
241%
54'
.
53%
5»%
108 '/a
*107
533/4 ;
53%
,
6
5%
6
34%
56'%
54
343-4-
34%
f
*17%
*111
30
293/4
293%
30
16%
15%
47%
47
22%
22%
•
22%
993/4
10%
11
*112%
9'%
;
1133%
*113
113»/2
*9%
9%
*9%
*28%
153/a
47
*463%
22%
Y
47
22%
23
113
10%
<
*113
9%
*89%
80
79
32%
32%
32%
323%
*9%
9%
9 Y
9'%
90
89'%
89%'}
80
80
32%
8%
43
*29
42
41%
31
*42
313%
*29'%
28%
28
41%
30%
*28%
28 3%
28
9
41%
240
1.800
Merch
&
1,800
Mesta
Machine Co
6%
6%
6%
6%
6%
25%
26'%
25%
25%
25'%
26
31'%
303%
30%
30%
303/4
31'/4
80%
■
81%
80 3/2
.
122
50 3/8
47
81%
;
80 34
•
483/4
;;
*110
31%
1,000
Midland
121 :■
122%
473/4
41
Y
*1071/2
riis#. -V;
*110'%
Jan
12
3
23
Jan
21%
Feb
36.
Jan
110
100
-
7'% May
Oct
Sep
22'% Aug
'123%
Jan
11%
Jan
173%
Jan
1133%
104
29
16% Mar 21
8'%
Jan
Sep
Feb
Oct
Mar 20
Jan
24
100
25
38 3/4
Jan
16'% May
50% Apr
Feb
52
14
25
143%
Jan
25 3%
6'%
Jan
U%
Mar
Feb
21
101
Feb
lO'/s Feb
28
6
Jan
113
Jun
9
U 'A Mar 22
Feb
Sep
Sep
1153% Aug
10% Apr
Jan
82
Jan
673/4
Jan
89
Feb
70
Jan 1
81
Mar
6
60
Jan
78'%
Sep
32
Jan
34% Mar
9
27
Feb
34% July
Jan
12'% July
89% Mar 30
10'/4 Jan
8»/s Jan
42'% Mar 24
25
Jan
31% Mar 25
23%
Sep
323% Mar
Jan
31
26
Jan
343%
Apr
Apr
Jan
,
27'/s Jan
6
116'% Jan
5 3%
Jan
18%
Jan
30%
20'%
Jan
4
31%
106'%
Jan
Feb
29
55% Feb
833/4 Mar 20
26
Sep
Jun
18
124
Mar 29
July
9%
4
271/2 Jan
,71% Jan
42
31% Mar 16
13
47
Mar
73% Mar 18
par
par
4%
Mar
37
25;
27
20
58
Feb
128
July
763% May
—100
105
;= Mar 13
109
Mar 17
107
Feb
110
preferred series C— —100
112
Mar 17
112
Mar 17
107
Nov
113'%
Feb
3
Jan
8%
Jun
4%- conv pfd series B
4%ft>
112
*170 3%
Sep
2'%
29
6'% Jan
-No
Aug
60
8
Minneapolis & St Louis Ry
Minn-Honeywell Regu_;
176
Jan
Jan
100
1,200
;/./
27'% Mar
Jan
17% Mar 20
243/4 Feb
1st preferred
cum
2,100.
48
n.40
80%%
8%
130
•
Jun
July
37
191/4
5
-No
7 3%
30% Mar 22
—10
Products
Steel
Apr
165
1093/a Feb
112% Feb
—-—5
Copper.Petroleum
Jan
2
47 '
No par
Co
Mid-Continent
31%
*107»%,
112
Miami
-<
4,900
48%
80'%
1,800
6%
Min Trans
26
-
26 f
-
122
*47%
81
6%
63/4
122
*107%
112
*110
112
*110
112
*110
813%
*121
*107%
*107%
*107%
122
,
*48 V;
50
'49'/2
.
80%
*121
121
121
•
50%
*49
41
31%
121
Y
30
26%
*1201/2
1.600
:
41
6%
*31
9%
28 3/4
26%
31% *' 313/2
Y
27
3%
18'%
24
24% Mar 27
13
22% Jan
98'/a Feb
preferred
24
:
Mar 20
Jan
35% Jan
23
Mar
14
—100
No par
$6 preferred series A
No par
$5.50 pfd ser B w w———No par
Melville Shoe C0rp_
1
Mengel Co (The)
——1
5% conv 1st preferred———50
600
32%
conv
Jan
28 Y
Corp
293/4
6%
/■:
6%
Mead
Ma,y
110
5
10
24
6'% Mar 16
7
109% Feb
-—1
Dec
58
19% Jan
—5
July
143%
22'% Jan
32% Mar 10
—No par
Co
,•
- Mar
175
106'% Mar
—18
Inc
xl7
203% Mar 27
■
6
4% Mar
No par
Jan
4
52% Feb
16,
Jan
9%
15
2
Mar
July
9
16
17% Mar 17
Mar 25
170
10
No par
LNo par
No par
*
preferred
28
263/a
28
Nov
3
20'% Mar 31 -
par
100
McGraw-Hill Pub Co
30
28'%
6%
80
V
9'/4
41'%
*28%
28
19%
No
Corp.
28
41
30
32
1
100
10
80
32%
/
9
281/4
28%
*26 3/2
-
Jan
26
—1
20
90
*891%
•
80
32 'A
32'/4
9
43'% July
22
McGraw Elec Co
1,300
9
6 3%
31'% May
Mclntyre Porcupine Mines
113%
Jan
14
McKesson & Robbins
83/4
3'%
5
27
1,300
9'%v
6% Jan
43% July
6% Feb
2,900 V
*113
113%
^9%
79
*89%
32%
423/4
*113
Jan
28'% Jan
Wks
Stores
1'%
x41% Feb
preferred
preferred
McLellan
Apr
33% Mar 17
Jun
3
par
McCrory Stores Corp
5% conv preferred w w
1,800
19 3%
4% Jan
23
10%
Jan
Mar
8%
37'% Mar 29
par
1
48'A
10%
14'%
19
No
100
—
>
9
9
*90
*78'%
113%
>
Sep
9
2'% Jan
.—No
Corp
1st cum
$4
12
20% Mar
$3
100
Jan
24
McCall
500
,
6'%
3
*99 3/4
473/4
99%
113
93/4
28%
16:
Mar 24
243% Mar
320
16% Jan
22%
10%
80
29%
47
22%
*99'/4
90
*42
47
10%
*78%
•:
16
993/4
*89
93/8
28%
15i%
*99'%
80
32%
28%
15%
;
/ .' 103/4
90
9%
28%
153/s
30
•
Jan
18 3% Feb
1
Co
Maytag Co
112%;
Nov
33%
13
1,200 '
-173/8-;
■17%
*111
112'% V,
Nov
315
8
5
preferred—£—
$6
15
15
27
May Department Stores..
<.
24
5
Feb
14
400
108%
*23'/4
-17 3%
•,
10%
*881/2
*32%
;
99%
10%
*78
,
*17
-«r-
24
*111
22%
*99
99%
ll'/s
47
22%
47
.
99%
i
*11
173/4
112%
153%
*47
*993/4
*17
■*.
293/4
161/4
23%
24%
*111
17%,
*15%
30
•23%
112%
*111
/ 112%
*16
22%
241%i;
173/s
17%
17'/2
115
*111
*23%
Jan
,
10'% Feb
1,000 1
1,100 *
343/4
*33%
*107
108 3%.
'
*233/4
17
370
83% Jan
18
21
6'% Jan
5,100
5%
Jan
13% Jan
1,300
55
YY 5%
'
343/4
*107
108'%
,
10
303% July
15% Dec
12'% Jan
Co
Alkali
Mathieson
3,400 y
y.
'
Jan
16% Mar 30
12
7'% Mar 28
.—No par
Corp.
Elec
Master
/
Jun
19%
25
5
(Glenn L)
Masonite
1,000
Nov
37'%
prior pfd__„100
Corp
6%
Martin-Parry
4,100
.
174
*170
Martin
1,600
26'%
■
St Ry
Marshall- Field & Co
27,200
373/4
26'%
20'%
Midland
Market
.
Jan
138'%
Jan
I
Maracaibo Oil Exploration,
5,400
15% Feb
Jan
July
28
Jan
par
25
No
Marine
2,340
%
Co
Jan
315
I
Manhattan Shirt
i5,500
.
50
Co
Bros
'
14
10
RR
Manati
'2,500
..
16'%
y 20
373%
t.
,
174
*170
174
Magma
143/4
5%
38%
26
174
174
175
5%
534
6%
14'%
193%
143/4
26'%
■
Square Garden...:—No par
200
"
6'%"
•Y
i6
/.-
Madison
'
14%
3
500
3'%
r
6 3/a
6'%
16} Y
•: 15'%
'
14'%
/
38'%
'
38'%
*26
26'%
*174
14'%
3
3
27'% Jan
20'%
133
32% Feb
27
Inc...—No per
-1
17
393/4 Mar 22
138
21
2,800
*19 % %20
V "
20 "
Feb
Mahoning Coal
,13
27% Feb
2
Mar
34'% Jan
Macy (R H) Co
900
7'%
*12
.
26
,135
par
No
Trucks Inc..
1,300
390
73%
•12'%
6 3%
•15'%
•
■
14%
6
6'%
26
*3433/4
10
100
Forbes
&
preferred
Mack
■
4,300 v
163/4VC
16'%
,
6%
Y-
4,500
:
MacAndrews
;
■
15%
7%
12'%
23%
r
19 %>
383%
*38'%
153%
{>•
32
■
•
'
7'%
»■'•' i !'■'
--
14%
-
;•■••'
12 3%
7'%
..12'%
"
r.
„/
1,251
38%
•
390
i
313%
-
.
"
38
32
16'%
390
20'%
"15 3%
153% r
31'%
,
16'%
*15'%
123%
63%
6%
6'%
15%
>
*3433/4
-Y-
7%
3
>
20%
2%
16'%
7'%
*20
■
16'%
37%
313%
31%
390
7%
7'%
13
*20
16'%
*34334
390
*136
*136
37'%
26'%',
*26
26'%'V
38'%
37'%
;
*12'%.
73%
13
163%
163%
16'%
390
*26
•
*136
383%
*15'%
16'%
Y
•
■
37'%
31%
*3433%
1
38'%
38'%
38%
26'%
-
*135
Apr
■
'
.,
7%
21%
7%
73%
7'%
*103%
105'%
103'%
1043/4
211/2
*1C4
7%
108 3/4
7%
21%
21%
20%
21%
33%
20%
105
*103
20%
*103
200
.Y $6.50
21%
6,700
Mission
3%
14%
12'%
14'%
12'/2
13 3/4
13%
133/4
13%
143/8
14
32
32 3/4
31%
32 3/8
32
32'/4
32%
32%
2,200
78%
78%
78%
78%
78%
78'%
*78 3/4
*1131%
115%
*113 3/8
115%
*1133%
115%
*1131/8
3'%
•32%
.
*78
3
79%
793/8
*113%
1141/2
*113 3/8
*116
1161/2
*116
116'%
116
116
*109
110
*109
110
110
V
110
45%
45%
45%
*373/4
383/4
*373/4
23%
23%
233/4
115%
45%
*114
116
110
*108
110%
110
45
45»/4
6,600
393%
*373/4
23%
23%
23%
4,620
Morris
173/4
2,800
223/4
17%
17%
173/4
173/4
23
100
17%
18
171/4
17%
20%
20%
203/a
20'%
193/4
20'/4
19%
19%
19%
20
20
20
2,400
Motor
273/4
*27'%
273/4
27%
28
27'/4
27%
27%
27%
273/4
27'/4
1,100
Mueller
53/4
5%
5%
53A
5%
5%
5%
5%
83
83
81
81
*81
82
23 -/v,
23
23%
22%
22%
*22%
23%
*22
*76
77
763/4
76'%
*76'%
76%
*76'/4
76%
*76'A
*112%
•
*112'/2
115
*10
10% •
'47
49
49
*47
115
*112'%
115
10%
10
*112%
9%
9%
9%
*47
47%
*47
5%
Yry
76% *
60
76%
76%
par
107% Jan
'par
50
119
Dec
5
110% Feb
Jun
121
Mar
Apr
114'% Aug
4
106'%
Nov
15
47% Mar 15
331/4
Jan
383/4 Feb 28
31%
Jan
39%
Oct
263/8 Feb
13
Jan
27%
Jun
9'%
Jan
17
Jun
?
4
1
18% Mar 16
15% Jan
50
July
16 3/4 Jan
20% Mar 22
11 3/8
Jan
18%
29
18
21%
Jan
31
Mar
4'% Jan
6'% Mar 22
23/4
Jan
7
Jun
Jan
Apr
(G C)——
preferred
::
72
53
Jan
77
Jun
-No
par
20% Jan
17
23% Mar 27
15
Jan
23'%
Jun
par
70'A Feb
10
76% Mar 22
62
Apr
79'%
Sep
—100
—
112% Jan
111
July
8% Jan
3
433% Jan
5
114
10
3,600
■47%
48
Dec
116%
-No
Murphy Co
4%%
113
14
-No par
...
Munsingwear Inc
Murray
24
263% Jan
9%
47%
*471/8
48
100
..10
America—
-No par
Myers (F E) & Bro
Nabco
114
Jan
117'% Jan
1
9%
115
Nov
92'%
1
—
10
*112'%
93/4
303%
Dec
—.5
Co
200
Apr
Jan
75%
213/4 Jan "
-No par
preferred—
$7
11%
173%
18
35% Jan :11
-Nopar
Corp
Brass
Jan
Mar 13
27'
42'A Feb
-
400
,
par
.No
.No
July
July
3% Mar
Jan
32%
117
Mullins Mfg Co class B
2,600
22%
*22
23
"
82
62
82
Wheel
153/s Mar 21
3
Jan
lib
9%
115
*
5%
5%
82
83
*22%
3%
Jan
1121/4 Feb 29
Essex
&
*271/2
*81
3
29
76% Feb 21
Motor Products Corp
22'/4
8'% Jan
.No
"37%
233/4
25
Jan
10
B
39%
17%
5%
series
*373/4
22%
98
Jan
3%
—
preferred series C
& Co
Morrell (John) & Co
'44%
24
Jan
13%
3% Mar 22
81
$4
44%
.
643/4
"213/4 Mar 23
3
20
Montgomery Ward
44%
39%
105'% Mar 22
5
2'A Jan
1100
Co
preferred
Preferred
110
U6
109
13
173/4 Feb
L. .No par
Monsanto Chemical
$4.50
*114
931% Jan
—10
"
116
18
YY'l8
.No par
RR—1
preferred series A—
Carpet Mills
7%
115%
110
8 3% Mar 22
Mohawk
400
yy
19
Corp
44%
38 3/4
383/4
79
116
'
383/4
33/8
33%
3
110
45%
44%
3'/4
3
6 3% Jan
-No par
preferred
Mo-Kan-Texas
42,700
32%
79
14%
32%
—1
Moline Power Impl—
Minn
6,200
105
■
20 3/4
20%
20%
73/8
7'/a
7%
105
/r
21.400
33/4
3%
3%
14%
*32
*103
IV*
V/4
7%
Corp of
Mar
84
Jan
1163/, Feb
3
•
8
24
117
10'% Mar 13
5%
Jan
Aug
113% July
8
34%
Jan
44
Mar
48
Feb
N
3/4
*%
%
*%
%
11%
12%
12%
12%
36%
37
36'%
37
16'/4
16
16%
16
*10
10 3/4
10 %
10'%
11%
12
*ll'/8
21%
•
11%
21%
Y
21%
*1%
%
400
12%
12'%
12%
12'%
12'%
24,000
35
16'%
9%
113%
11%
153/4
10'%
9%
ll3/4
35
35
*35'%
35'%
16'%
2,000
National
10
10'%
2,800
Nat Automotive Fibres Inc.
11»%
U'%
1,000
113%
11%
11'%
10%
103% V
11%
11%
21 Va
21'%
21'/8
21'%
18%
*167
*18'%
172
*167
18'%
21'%
National
Aviation
6,500
National
15%
16%
16'%
16%
14%
16 3%
14%
163%
153%
16%
15'%
29 3%
29
293%
28%
29'%
x28'%
28'%
27%
28'%
27'%
28
*14%
*143/4
14%
14'%
12'/a
12%
12
21 »/4
21%
21
16 »/8
153/4
16
15
15%
*11%
*11%,
12'/a
33%
.*.:••
33%
2,600
11%
12
12
12
3,700
21'%
21%
21%
21'%
9,700
Nat Dairy
153%
15'%
15%
xl5'%
15'%
3,800
*11%
12
12
*113%
12%
*113%
32%
34
32'%
33'%
333%
14%
*28%
341%
28%
28'%
9%
333/4
G%
*ll3/4
12'%
333%
34'%
19,400
*28'%
28'%
600
9%
12'%
9%
Y
28'%
27%
27 3%
9%
9%
9%
9%
28
9%
28
34
28'%
28'%
9'%
9%
9%
•
22'%
22'%
*168'A
170
*145
146
30%
22
21%
213%
169
168'%
18%
19'%
18%
28 34
6%
145'%
145'%
145'%
19%
29%
6%
*83
168'%
191/4
6%
6%
89
21'%
29'%
-
"*88
88'%
88
168'%
22%
170
146'%
*145
19
19
*29%
88
88
88
88
22%
*1683/4
93%
3,300
*28'%
29
*6»%
6%
6%
*146
146
168'%
"
61
61
1
60%
60%
60
60%
60%
18%
17%
17%
3.303
2834
*283%
-29%
700
6%
16,700
*63/b
63%/
63/8
6 V2'
60
60"
60»%
133%
14
14»%
14%
13%
14'%»•'■
13%
133%
29
28'%
29
28
28'%x;r..,
27%
28
28'%
86%
86'%
86
86
85'%
85'%
85'%
85%
85
90
90
*89
91
6
6'%
*6
6
/
*89
"
6
r
91
*89
6
*89
91
6
6
6'%
9%
*
«
16
15%
27
27
*98
101
*9'/4
16
*26%
93%
16
9'/8
15%
27'%
\28'% V
853%
91
6'%
263%
60'%
60'%
*59
109
*108%
*98
*108%
*59
*10834
109
60'%
109
.
National
6,700
28'%
2,200
84'%
85'%
480
*89
6'%
9'%
9%
9'%
9'%
93/4
15%
15%
15%
15%
26 3%
*59
109
26%
102
60'%
109
25%
*98
*59
*1083%
10,500
6'%
15'%
*98
10
91
26
26
26
102
*98
.
60'%
*59
*1083%
700
5%
293/s
29V4
29'%
29
28
28'%
28
28
28
2,400
17%
173/4
18%
17'%
18'%
173/s
173%
17'%
1.7 3%
17'%
18
11,900
14%
14%
14%
143%
14%
14'/4
143/s
1.4'%
14'%
143%
14'%
3,200
*100'%
101'%
*100'%
101'%
*100'%
10.1.'%
*100'%
101'%
100
*101
101'%
For
footnotes
101
see
101
page
1367.
273%
16% Mar 27
5'%
Jan
10'%
Sep
Dec
July
Sep
Jun
29% Feb
3
18%
Jan
29%
17
15% Mar 16
10%
Nov
xll'/4 Feb
11
12'% Jan
13'% Aug
14 3% May
par
19'% Jan
3
5
9%
Jan
21'% Mar 28
14%
Jan
16'A Mar 23
6%
Jan
21% July
15% Sep
12
Dec
3
35
Mar 13
x25'%
Jan
36
Dec
Jan
25
29
Mar 22
17'%
Jan
29'%
9
Feb
5
87'/4 Jan
11
—I
.100
.100
*
*
(J J)
preferred series A
11'%
Jun
90 3%
Nov
6
7
14
Jan
25
169
Mar 20
160
Jan
178'% July
Jan
18
146
Mar 29
137
Jan
150
Jun
22% Mar 27
No par
.17% Mar 30
21'% Mar
—4
283% Mar 28
31 »/4 Feb
7
7
8
25
Mar 13
5% Feb
57% Feb
61»% Mar 23
.10
11% Feb
15'% Mar 16
253/s Feb
30'% Mar 16
20'%
Dec
143%
Jan
22
May
27
Nov
36
Jan
2%
52
Jan
Jan
53%
Jan
73%
Jun
64'% July
15% May
14'%
Jan
28'%
Jun
79 3/4 Feb
87
Mar 23
57
Jan
80'%
Jun
.100
83'% .Jan
92
Mar
62
Jan
88
Jun
—No par
No par
5% Jan
.40
.100
—No
par
...1
Bros Inc
Newmont Mining Corp
Sep
Jan
,70'% Jan
Feb
164
141
24
93% Mar
Jan
19
..10
10% Mar 15
92'% Jan
.25
,
No
'
9
Jan
14
6
Jan
10'%
17 '% Mar 16
Jan
27% Mar 22
96'% Jan
12
Jan
4
56
.100
105
Mar 17
27% Mar 31
1
16% Jan
12.
133/4 Jan
3
—
23%
10% Jan
Mar
23
13% Jan
22
par
..10
9
6'% Feb
Newport News Ship & Dry Dock. ...1
$5 conv preferred
No par
Newport Industries
21'%
No par
Newberry Co
60'%
109
Nov
12'/4 Jan
43/4%, conv serUl preferred— .100
14%
28'%
Neisner
16%
27% Mar 30
No par
Co
Natomas Co
Nehi Corp
3
26
preferred
prior preferred
2,300
17%
291/4
6%
Feb
20"
303/4 Feb
prior
National Tea Co
•
par
(The) Pa.
preferred
2,900
102
109
$2 conv
5 3%%
13% July
par
National Supply
-28'%
176
162
Mar 15
Steel Corp
2,800
23
Jan
29
12
.——
National Power & Lt
14
Jan
i8
Jan
5
National Oil Products Co..
60'%
Jan
Jan
29
—,
& Si/1 Cast
Mall
8'%
153%
17
22
170
13 3/4 Jan
preferred A„
6% preferred B__——;
Nat
3
12% July
11% Jan
TA
133%
9'%
26%
102
;
8'A Jan
Apr
11'% July
Feb
No
Stamning—
Gypsum Co
preferred
National Lead Co
-
17
Jan
8'%
*
1
Feb
5'%
Mar 21
11% Feb
4
3
Mar
19%
103/s Mar 22
12
No
conv
60'%
1
15'%
9»%
16
-
101
*98
•
'
"
*9%
60
146
17%
283%
28
14%
•
18%-.
~
14%
100
$4.50
10,800
28 3%
■
'
22'%
168'%
89'%
146
147
'
89'%
21'%
21%
*168
National
9% Jan
Feb
par
preferred——
Nat Enam &
16'% Mar 21
13%
..10
Nat Distillers Products
120
168'%,
89
21%
"
'
—No
No
Products
National Dept Stores
'
<
Dec
10
...1
National Cylinder Gas Co;
213%
14'%
13
8
20% Jan
par
National Container—
12
14'%
3
Jan
% Jan
1
14%
14'%
Apr
18
No
Cash Register
21
•
40%
165
..10
15%
21'%
16
Nat
4,300
Jun
Jan
No par
Corp
12
12%
21 3/4
Share
14'%
143/4
14i%
12 '/a
21
"12%
&
15'%
23'%
.100
preferred
Bond
Jan
Mar 22
9
..10
National Can Corp
60,700
16'%
29%
i
1%
Nat
18'%
*18
Corp
6 3%
37
10% Jan 31
—5
Biscuit Co
172
*167
18%
1,700
21'%
13'% Mar 13
5
13% Jan
1
..10
preferred
conv
11%
*11
172
*18
6%
Acme
Nov
3
Jan
Mar 30
28
Louis— .100
...1
St.
16
11'%
18 3%
&
Co—
16
10
21%
172
Chatt
Nashville
420
36
16
%
11% Feb
par
—5
Corp
10
11
*18'%
Nash-Kelvinator
153/4
21'%
*167
•
No
Liquidating Co
10
21»%
170
*18'%
18%
*18%
%
11%
*11
*166
170
*166
1134
w;
36%
36
*16V8
3%
11%
12%
12%
*11%
Vo
:
97
Jan
5
100
Feb
21
593% Mar 20
Jan
22
303% Jan
8
110
18'% Feb
1
15% Feb
2
102'% Mar 10
9'%
7'% May
Apr
Jan
193% July
16
Jan
25'%
0»;t
74%
Jan
98%
Nov
37
Jan
573%
106 34 Mar
26%
10'%
Jan
Jan
12
Dec
943%
Nov
114
37'%
19'%
Sep
Aug
Apr
Oct
?l% Mar
102
May
Mar. 25
T
Monday
Mar. 27
S per
per
$ per share
share
the Week
$ per share
38
38
38
38%
38%
38%
38%
*37%
20%
18%
19%
18%
18?#
18%
19%
18%
New York Air
124,600
19%
13%
20%
27.H
26%
27%
25%
27%
25%
27
27
27%
27%
27%
7,700
N
77 %
78%
77%
78%
74%
78
73%
75%
75%
76%
75
76%
9,600
23%
26*4
26%
26%
26%
26%
26%
26%
*26%
14%
*11%
13%
*11%
*13
13 %
*35
38
*35
38
35
35
*140
145
145
145
*135
144
'
18%
37%
h
18%
*37
37%
195 %
193%
121%
121%
*121%
17%
17%
*54
54 »/4
*52%
53
9
8%
*101
16%
*113%
2%
53
*52%
53
52%
52%
500
8%
6,600
1%
35.600
40%
40%
30
5%
•:
5%1
*43%
45
—19 %
*43%
14%
14%
14%
-18%
19 %
49%
43%
19%
—•
48%
18%
100%
100
101%
13
13%
13
13
12%
12?#
20%
20%
20
20%
19%
20
19%
9%
100%
35
66%
10
57 V4
57%
57
57%
2,300
Owens-Illlnols
12
12
12%
13%
2,200
Pacific Amer Fisheries Inc
12
*11%
11%
4.840
Pacific
11%
12%
11%
*45%
46%
46%
22%
23%
22%
*42%
46%
23%
*12%
17
33%
*42%
213/8
1563/4
5%
5
143/4
14
5%
*14
15
21%
22
22%
21%
22%
15%
*123/4
15%
323/8
32%
32%
*42%
293/4
118
156%
5%
118%
156%
119
156%,
/v/ 5
5%
13%
14
14
/-
Pacific
r
Pacific Tin Consol'd
*13%
14%
14%
14%
1,000
Pacific
4%
4%
4
4%
4
4%
30%
30%
30%
31
31%
31
31%
*9%
9%
9%
*9%
10%
*9%
10%
*9%
10%
200
*110%
1103/4
110%
1103/4
110%
110%
110%
110%
110%
3%
3%
33/B
3%
33/8
*3%
3%
3%
3%
*47%
48%
48
105
105
>
•
48
*105
106
48%
*48
•
,
3
47%
106
4
4%
31
*47
47%
48%
26%
26%
26 3/8
24%
26 3/a
25
25%
25%
83
84%
83%
86 '/4
83
86%
80
84
83%
1%
l»/4
1%
1%
1%
1%
*29 »/#
293/8
28%
29%
28%
283/4
*19%
20
20
20
6%
19%
*19%
98%
98%
.
84%
82%
19%
Park
&
4,400
Park
Utah
3,700
Parke
19%
,193/g
m
19
63/4
8,000
19%
20%
9,600
19%
6%
19%
55
55
*54%
55
*54%
98%
963/4
98
963/4
96%
55
6%
,
19%
*54%
.
6%
193/4
55
9632,
97%
97%
*i43/a
15
15
14%
15%
14%
14%
14%
14%
12%
12%
11%
12%
*11%
11%
*11%
11%
110%
2%
2%
2%
39%
39%
*39
16
40
*15%
*110%
15%
15%
*15
110%
C
2%
2%
40
*15
16
16
"110%
200
Penn
10
,
*7%
50%
*14%
29%
29%
29%
29%:
29%
16,200
24%
*•>4%
24%
*24%
24%
24%
24%
500
61%
61%
61%
61 %
61%
*58
61%
*59
61%
61%
300
7%
100
*7%
7%
7%
7%
51
50%
50%
49 %
50%
15%
1474
1474
13%
68
46%
7%
/7%
*7
*59
*6%
8
50
50
50%
50%
50%
14
13%
14
141/4
14%
14%.
14%;
65
67
*63%
65
66%
66% 1
66%
66'%
800
44%
46
43 %
44%
43%
45%.
45%
4,000
*253/8
26
257/a
25%
*25%
10,900
2,600
conv
600
Pet Milk Co.-————
8%
8%
8%
8%
8%
8%
8%
8%
900
9
9
9
9
9%
9
9%
1,400
*43
44
44
21%
-
43
43
21%
21%
21
21%
*42%
43%
*42%
43%
*42%
43%
200
21
21%
21%
21%
21%
21%
8,300
52%
52%
52%
52%
52
52%
52%
523/a
x50
50%
50%
51%
1,050
97
97%
97
97
96%
97
96
96%
*96
97
96
97%
490
20%
*24%
*110
30
20%
25%
119%
19 %
20
25
2474
*110
119%
30%
29%
30
19%
.
24%
*110
28%
86%
86
86
*106%
107%
*106
107
106
*110%
113
110
110
110%
86
*12%
*99
13%
13%
♦12%
*99
102
102
'45%
45%
45%
45%
*9%
10%
*9%
.10%
2474
24
24
*102
12%
*99
24%
1193/4
29%
86
106%
110%
12%
102
19%
243/4
*110
243/4
119%
28%
83%
28%
83%
106
106
5108%
*12
*99
20
110%
19%
24%
*110
28%
84%
*105%
*108%
20
24%
119%
28%
85%
106
*12
*99
102
24%
*110
28%
86
♦108%
13
102
19 74
*105%
111
13
~T
—
*12
~
20
5,500
*102"
135
5%
69%
'8
*74
13%
69
69
8%
8
8%
77
5%
5%
5%
*68 %
78
*75%
,
13%
13%
13%
45%
46%
45%
45%
45%
46%
10
10
*9%
10
*9%
10
24%
2374
24
24%
24%
*24
$6
preferred
Phila
——_—No
Electric Co.
—No
com
1,400
$1
Philco
86%
4,800
Philip Morris & Co Ltd
107%
30
60
13
100
46%
6,600
*9
10%
100
*24
24%
800
119%
Sep
Dec
160
Oct
11
121% Jan
29
21
4%%
Preferred
Mar 23
4'%%
43% July
11%
105%
Jan
2
Jan
Jan
Jan
l7/s Jan
1,800
J,700
Jan
24
51%
Dec
60% Mar
99% Mar 16
80
Jan
12
16% Mar 13
13
3
12% Mar 13
1%
Jan
*33%
Jan
13 Va
Jan
10
108%
Jun
23 V2
Jan
Feb
24%
63
46%
Jan
Mar
4
6
23
l3/4
3
533/, Mar 16
28%
Jan
3
153/4 Mar 21
5%
Jan
16 % May
4
69
Mar 24
34%
Feb
58% May
3374 Jan
5
46% Mar 24
19
Jan
41% May
26% Jan
8
23
Feb
9% Jan
12
6%
Jan
-26% May
10 Ys July
9% Mar 13
5%
Jan
233/8 Mar
8% Feb
6
7% Feb
29,
3
42
9
14
49 % Jan
3
88% Jan
par
Feb
20% Feb
5
xl9% Mar
par
2
49% Jan
37
Jan
68%
Jan
21% Jan
3
18%
Aug
25% Feb
16
24%
Oct
25%
Sep
Jan
28
133/4
Jan
26%
Jun
Jan
3
28
118
3
31
110
Mar 27
Mar 15
86% Mar 25
104%
Nov
113
114% Jan
109%
Jan
117%
13
Jan
4
Feb
14
July
104
Jan
3
79%
Jan
100
July
433/4 Feb
7
47
Jan
5
42%
Nov
50
10
Jan
3
11% Jan
7
3%
Jan
10%
23% Feb
23
25% Feb
3
18%
Jan
102
•z
Jan
27
7
Feb
21
3%
13
75
Feb
21
34%
Jan
7% Jan
4
683/4 Feb
25
8% Mar 24
5
59
9%
Feb
Nov
168%
Nov
170
Jan
182
Aug
53/4 Mar 24
4
Jan
11
3
99
48% Jan
4
58% Feb
21
11% Jan
6
*168
*168
J—*
13%
13%
13%
13%
101%
101'4
101%
101%
Plttston Co.
(The)
—1
Class
A
preferred—
.100
83
Jan
10
B
preferred
.100
73
Feb
29
77
77
18%
18%
18
18%
Plymouth Oil Co
*20%
21%
*20
21%
Pond
9%
9%
9%
9%
12%
12%
12 %
12%
*12%
13%
*12%
13%
•39
54%
116
40
•
54%
116
39
39
54%
*115%
54%
117
Poor
5%
5%
5%
14%
14%
92%
92 74
92%
92%
102%
102%
102%
102%
6%
106%
106%
108%
106%
7%
1167/#
117
117%
117%
116%
117
42%
4274
Ft footnotes
42
see
page
423/4
1367.
& Co
conv
conv
Procter &
14%
117%
Creek
No
pfd
Gamble
—
Pub Serv Corp. of N J—
8%
—
No
<ser of Feb 1 '29).
$5 preferred
preferred-.
preferred
preferred.
4s/b
Jan
10% May
10
59%
Jan
90
61% Jan
10
24
Jan
52% May
Jan
10
56
64
173/# Mar 21
14% Mar 22
101% Mar 28
Feb
79
15
75
Dec
7%
Jan
Jan
13/4
July
Mar
16% Mar
168
-
Nov
10%
Dec
29
Jan
92
Dec
20
Jan
74%
Jan
21% July
23%
Jan
17% Feb
3
19
Jan
5
19% Jan
15
22
Mar
4
18
Jan
1
Jun
10
par
—5
1st preferred
2d preferred—-
6%
Jan
14%
class B__—No par
15% May
9% Jan
5
Pocahontas.,
Pressed Steel Car Ctrlnc—
J4%
♦116
25
Class
77%
♦76
Mar
171
183% Feb
150%
8% Jan
Jun
168%
7% Feb
16%
Dec
Mar
8
82% Jan
61
77%
4
14'/8 Mar 13
3
55%
9
Jan
43/4 Jan
16%
Jan
7% May
68%
Jan
Mar 28
76
Dec
May
102
Feb
Jan
Apr
26
;
Jan
5
No par
55%
73/4
61
8
61
Jun
19
4
16%
Jun
July
14
x98
25
56%
90%
5
11% Jan
61
Feb
Sep
Sep
Dec
17
183% Feb
16%
91%
22
109% Jan
.164% Jan
55%
71
x51%
>
Jan
11% Feb
,
par
-
Jun
29% Mar
97% Mar 17
Jan
25
8%
17
52% Mar 17
•
24
Feb
59% July
Nov
24% Jan
Mar 28
,
20
118
.
Feb
22% Mar 16
1
*59%
9
Apr
Sep
61% July
7% Sep
Jan
73/4 Jan
Pittsburgh Steel Co
No par
.100
7% preferred class B
.100
5% preferred class A—
.100
5%% 1st ser conv pr pfd_.
.100
Pittsburgh & West Va__
Pitts Young & Ash Ry 7% pfd_. .100
Dec
32%
17%
.100
8%
Jun
17% Mar
Mar 21
.100
98
45
113
243/4 Mar 22
30
3
...
*8
9% Oct
33/4 Mar
26
Jan
Sep
20% July
15
112
May
Jan
24
7%
*90
1001/8
Nov
Jan
41
Pitts Ft
8%
6% May
3%
18% Jan
> 2 3/4 Jan
Mar 17
Pittsburgh/Forgings Co—
98
19% May
Jan
29
190
*8
Dec
Apr
May
Jan
175
-
2 3/4
32
54 % Jan
—
Pitts Screw & Bolt—
16
'
-
>
July
Nov
*183
*90
Jan
Dec
July
1%
*169
5%
72%
Jan
Jah
.
16%
190
5%
30
3
175
5%
106
10% Jan
._5
——25
Wayne & Chic Ry
preferred '
Jan
1%
Mar 28
73/8 Mar
*183
70<
45%
Jan
17%
20
July
15
5
.100
Pittsburgh Coal of Pa—
.100
6% preferredPitts Coke & Iron Corp—No par
$5 £onv preferred
—No par
4
Jan
27%
Oct
113% July
15%
3
Jan
Pitts C C & St Louis Ry Co—„. .100
2,300
35%
100
28
86% Mar 28
*169
5%
8
25
Apr
5% Jan
100
Pnoenix Hosiery.
Pillsbury Flour Mills
17
31
15
82
No
5
Jan
48% Feb
—100
Phillips Petroleum
17% July
20% Feb
par
No par
Jan
Jan
27% Mar 16
7
21% Jan
106
preferred—
9
Jan
49% Mar
Mar 29
2574 Jan
100
series
Phillips Jones Corp
6% May
7%
106
110% Mar 17
—10
series—
Jan
2%
3% Mar 25
18
55
3Ve
23%
112
,
1% Mar 27
,
Dec
8
43/8 Mar 17
10
16
147
31%
Jan
10% Mar 17
33 3/a Mar
27
18% Feb
26
15
8
Jan
12
Feb
53/t Feb
157
3
57% Jan
700
3
Corp.
Preferred
7%
Jan
5
Jan
28
No par >
preference com—
preferred
4.4%
111
91%
Jan
Jan
—1
& Co Inc..
(Chas)
Mar
45% July
23% Jan
Phelps-Dodge
Corp
—25
Philadelphia Co 6% preferred-—50
7,300
*99 "~r 102
45%
Pfizer
10
Apr
July
28% May
45
;
25% May
16% Jan
Jan
103
par
No
Jan
Jan
100
No par
Brewing Co
14%
19
par
100
29%
24%
1193/4
135
*24
.
85%
20
pfeiffer
25
32% Mar 17
8
Petroleum Corp of America
9
13%
55
10
9
9
13% July
Jan
4
Jan
33
10
8%
Jan
6%
23%
23'ft
3
nreferred
5%
73/4
Oct
July
43% Mar 10
2% Jan
9
21%
64
37% Feb
8%
26
Jan
par
*25%
:■
54%
No par
Sand Corp—__No par
9y8
26
18
9% Jan
8%
26
59% Jan
133/4 Jan
2574
26
67%
1
9,
*45
Jan
10
*8%
1_
38
46
7
25%
_
Jan
24
933/4 Feb
46%
_
28%
Jan
par
46%
46
11
65
—No
67
Sep
Apr
37% Jan
33% Mar 28
2% Jan
preferred
100
Pennsylvania RR—_——
.—50
Peoples Drug Stores Inc_—
5
Peoples G L & Coke (Chic)—100
Peoria & Eastern Ry Co
100
Pepsi-Cola Co.
1
Pere Marquette Ry Co
100
5% prior preferred
1
100
Jun
154
3
109% Jan
No
Jun
21%
Jan
10
149
pref ser A
Glass
Jan
142
Mar 30
Dec,
Dec
10%
Jan
118
2.50
67
*42%
*66
*6%
49
$7
Jan
15%
20% Mar 17
153
10%
105
Jan
3%
25% Jan
5%
29%
69
•
Mines—_1
/Penn-Dixie Cement
300
29%
10
58
1,100
40
*24%
Jan
13% Mar 22
27
Corp.
21% July
50% July
Jan
Jan
105% Jan
18
Corp
Oct
3%
3
Airlines
14 %
11%
54% Jan
Coke
Apr
Jan
29%
par
&
41% Aug
6
July
45
8%
5
No
2%
Coal
Jan
'
1
Co
Jan
Jan
52% Mar 16
3
Penn
29%
Jan
10% Feb
21
(J C)
Jan
20% Mar 22
-
26
No
Jan
x3%
27
4% Jan
Penn-Central
24%
16
■
1
2
18% May
116% July
23% July
Jan
393/4 Jan
30
3% Jan
—
Dec
'
31
28
18% Jan
1,500
24%
36
5% Mar 13
45% Feb
.10
5,700
29%
15%
101
Jun
2% Mar 27
40% Mar 23
No par
14%
*110%
7%
107
24% Mar 16
1
8 % Feb
Inc
Patino Mines & Enterprises
Penick & Ford—
Pennev
29%
29
.
91% Jan
17% Mar 21
15
1
Parmelee Transportation
i
16
*39%
•
8
114% Mar 27
17% Feb 8
45Feb8
9% Jan 3
100
Feb 14
8% Jan 18
18% Feb
9
148
Jan 28
34
Jan
4
64
Jan
8
55% Feb 29
123/4 Feb
Inc..
Co
&
1,700
98
3
pfd.100
5.60%
Consolidated
Davis
12%
12
2%
*39
16
"110%
*110%
*2%
40
100
x
24
101% Mar 30
31
30 % Jan
Parker Rust Proof- Co——
800
24%
29%
*24
*59
2%
40
2%
2%
16
55 //
*54.
12%
40%
Tilford
20,000
1%
28%
6%
Jan
5
No
Pictures
83%
19%
L
preferred
1%
20
P
Inc
Cos
conv
28%
15%
*2%
4%
Paramount
1%
6%
-
4
.—5
Transp
East
28%
19%
Jan
.10
Prod. & Ref._
Paraffxne
130
17,500
*12
*15%
■
25 3/4
*15
*39%
200
49
25%
Apr
9% Feb
1% Mar 28
No par
&
Panhandle
1%
7%
*97%
*47 3/4
*105
25%
Jun
14%
1
Corp,.—
Panhandle
710
10,500"
3%
56
4 % Jan
Airways Corp..
Petrol
Pan-Amer
28%
20%
674
--'v
*3%
Pan American
1%
6%
56%
*55
20
110%
110
Jan
Nov
17% Jan
par
Oil Corp
Western
28%
*1%
28
19%
7
19%
111
*105
*105
106
26'/#
„
48%
37% Feb
—100
——100
Packard Motor Car
8,300
10%
6%
20,400
31%
53% Mar 22
4
xl3% Jan
No par
Telep & Teleg
preferred
30
90
4%
27
112
—5
-No
8,800
*9%
56%
100
25
Mills
156%
5%
30%
18% July
Jan
233/4 Peb
118%
4%
Jan
49%
3
Pacific
10%
9%
21
17% Jan
700
Nov
18% Mar 15
8% Jan
par
Electric
122
54% Feb
48% Jan
&
July
192% July
Jan
10
13% Mar 23
Gas
38
Jan
26
12% Mar 27
Pacific Lighting Corp
Jan
162%
113
51% Jan
par
„
Dec
1% Mar
26% May
Jan
3
3,600
31%
Co
54
Jan
15% Jan
9
Pacific
7.200
4%
2
3
30%
156%
Feb
8% Jan
42%
,
17
122
10% Jan
5%
157
199% Feb
Dec
Nov
23
38% Mar 13
3
Dec
Dec
132
ft Jan
12%
May
52
6
100
Co
Coast
5%
118%
*155%
4
5
Jan
preferred nori-cum—No par
2nd preferred non-cum—No par
Pacific Finance Corp (Cal)
10
<y
31%
4
Glass
5%
*117%
V"
33% Jan
120
41% Feb
42%
30
28%
10
•
19% Mar 11
10
30%
*117%
43%
16
3/j Jan
3
3
183% Jan
1st
760
32%
293/4
Outlet CO—
30
46
*12 3/4
29%
*118%
*43%
17
30 %
5%
46
423/4
42%
1573/8
*43%
33
293/4
1193/a
/
*123/4
42%
*1183/4
,12
K
X32%
30%
*156%
=
152%
17
42%
1573/8
11%
46
*150
153
33%
30%
1193/8
*14%
11%,
42%
*156%
-5%
12
12%
42 3/a
*119
57
12
12%
45
21%
21
33%
57%
153
63% Feb
Jan
150
% Mar 11
100
5
No par
12.50
34%
*65
123/4
;
19%
*33%
12%
31%
19%
66%
12%
43
19%
34
13
31%
19%
'
*65
12%
*42%
12%
*33%
£6%
,
101%
12%
66%
57%
33
101%
12%
36%
57%
*123/4
101%
Jan
14% Jan
par
12%
63%
52
par
1,000
*100%
153
./.Ohio Oil CO—-—
-No
Oliver Farm Equipment—No
11.000
Omnibus Corp (The)
330
8% conv preferred A
3,000
Oppenheim Collins
No
2,900
Otis Elevator
No
50
6% preferred
300
Outboard Marine & Mfg
I...- 23,300
9%
10
19
4
19%
9%
Feb
Jan
13% Jan
49%
97/#
32%
3
19%
9%
13
Jan
12
*48%
49
Jan
Norwich Pharmacal Co—.——-2.50
3,800
19%
18%
*48%
6%
16%
4% Jan
*65%
56%
*65%
17
14
Jan
Mar 15
Mar 15
40% Jan
—
*34
56%
33
13%
14%
15
39
——150
Preferred
66
65
33
14%
;;
35
*65%
65
*12%
20
26
28% Mar 14
27
Norwalk Tire & Rubber—;—No par
2,600
•
44
149
36
56%
11%
5%
44
35
149%
*34%
66%
*12%
*149%
....
45
14
19%.
48%
10%
100%
12%
19%
5%
5%
'
74% July
129
Northwestern
149
149%
151
35
*149%
,
_
12
100%
10%
10%
10%
5%
*44
14%
9%
100
10%
101%
10%
5%
45
14%
50
50-
19%
26% July
Jan
11% Jan
Northwest Air Lines—.—No par
Rights
Telegraph—
50
6,500
1%
40%
19%
19%
45%
19%
V*
19%
19%
1%
19
1%
5%
50%
170
*40%
40%
19%
32,200
113%
1%
5%
50
113%
40 %
40%
14%
16%
16
16 %
113%
i
Jan
31%
24 % Jan
North American Aviation
1
Northern Central Ry Co—
50
Northern Pacific Ry—
—.-100
Northern States Pow $5 pfd.No par
100
102
*101
1%
5%
*44
15%
*112%
114%
*114
101%
*40%
*40%
14%
101%
15%
15%
16%
8%
2%
5%
-
200
11
78% Mar 23
Jan
30% Jan 22
Adjust A% non-cum pfd———100
North American Co
10
6% preferred series—
50
5% % preferred series————50
11,800
40%
40%
45%
17%
54%
21%
*5%
14%
17%
*53%
1%
19
23%
'40%
*44
17%
54%
114
114
'
23%
22%
17%
28% Mar 22
62
Ry———100
Western
&
May
19% Jan
Norfolk
60
*53%
102
y Chic & »t. Louis Co
660
17%
*101
20
200
122
54
102
Jan
37%
*121%
8%
10%
193%
193
16%
8%
20% Mar 22
400
54
8%
15% Jan
1,900
20
17%
>52%
44% May
2,600
*36%
•
122
*121
122
*121
122
8%
15%
16%
2%
22%
193%
52%
*101
114%
114
37%
193%
8%
8%
16%
16%
114
*36%
52%
53
102
*101
102'
*53
54
37%
193%
Jan
%
hi
17%
400
54
17%
-17%
*36%
194%
*121%
122
*52%
8%
194
17
27%
61%
61%
61%
%
17%
193%
>
37
37
195%
54
17%
17%
18%
18
37%
195
61%
hi
17%
hi
%
18
,
145
145
145
*140
Mar 13
17%
36%
share
$ per
40
%
13%
*33%
,
36% Feb
17%
*13
36%
Highest
$ per share
—No par
-100
-100
6%
1,000
26%
13%
*33%
60%
60%
61%
%
iV
i7«
..J
61%
62%
62
62%
%
28%
.
*13
144
*138
62
26%
12%
$ per share
No par
Brake
preferred series A
N Y City Omnibus Corp——No par
New York Dock,
—No par'
$5 non-cum preferred
.1N0 par
N Y & Harlem RR Co—.
»-S0
N Y Lack & West Ry Co_
100
|N Y Ontario k Western
100
N Y Shipbidg Corp part stk
.1
Noblitt-Sparks Industries———5
33
33
Year 1943
Lowest
Highest
$ per share
Par
New York Central
-27%
*13
Range since January 1
Lowest
■
400
38 V#
19%
,
Range for Previous
Shares
$ per share
38
30
*38
$
share
S per
share
Sales
Mar. 81
Mar. 30
Mar. 29
Mar. 28
NEW YORK STOCK
EXCHANGE
for
Friday
Thursday
Wednesday
esday
Monday, April 3, 1944
STOCKS
tow AND HIGH SALE PRICES
Saturday
.
CHRONICLE
THE COMMERCIAL & FINANCIAL
1364
Dec
Apr
Jun
Jan
12
11% Mar 16
4
Jan
13
11% Jan
12
13% Mar 16
6%
Jan
13% May
12
11
13 % Mar 16
6%
Jan
13
Jun
9
Jan
24%
Jap
40%
Jun
par
54
Mar 28
58
Jan
15
48%
Jan
58
Sep
.100
116
Mar 25
120
Jan
12
114%
Apr
123
Feb
..50
35% Jan
10
Mar 16
43
par
13% Jan
3
15
Feb
25
11%
Jan
17%
Apr
—No par
87% Jan
3'
96
Feb
11
75%
Jan
96%
Oct
96
3
104
Mar 31
85%
J an
107% July
104% Jan
4
109
/Mar
2
96%
Jan
114% July
113% Jan
3
119
yFe4j>
4
108%
Nov
129% July
Feb-15
113%
Nov
122
263/4
Jan
No
:
.100
.100
.100
Pub Ser El & Gas pfd $5—No par
Pullman Inc
No var
Jan
116% Mar 17
37% Jan
3
119%
45
Mar Iff
40 Vb
Aug
July
Volume
159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4269
LOW
Saturday
Monday
Mar. 25
Mar. 27
$
HIGH
SALE
STOCKS
PRICES
$ per share
Mar. 31
Mar. 39
Mar. 29
$
$ per share
per
17%
17%
17%
17%
16%
17 Va
17%
111%
110%
110%
*110%
111%
*110%
111 %
*110%
103 Va-103 %
*102%
104%
103%
103%
103%
103'A
*103%
104%
21%
21%
20%
21%
20%
21
21'A
21%
14
13%
13%
*13%
9%
9%
9%
21%
21%
14
14
%
*13%
16%
17%
*13%
14
16%
112
16%
for
17%
"
200
400
21%
22
6,200
*13%
14
Range for Previous
STOCK
Range since January 1
Lowest
Par
.
200
5%
$ per share
15% Feb
3
100
109% Jan
12
113% Feb
103
Jan
15
107
19% Jan
14
22
No
Purity Bakeries Corp
Quaker State Oil Ref Corp
par
10
18
12% Jan 21
.
Lowest
$ per share
100
preferred
conv
Year 1943
Highest
No par
Pure Oil (The)
6% preferred
23,200
112
YORK
EXCHANGE
Shares
104
104
14
NEW
the Week
$ per share
share
•110%
*108
Sales
Friday
Thursday
Wednesday
Mar. 28
5 per share
share
per
AND
Tuesday
i
1365
per share
Mar 22
11
Highest
$ per share
Jan
197/g July
18
104%
Feb
9
92%
Jan
Mar 31
13%
Jan
22'/a
Nov
10%
Jan
15
July
Jan
12% May
Feb
14% Feb
11
12
114 Va July
.
107% July
R
9%
.
10
- 9%
9%
9%
*72%
73%
73 'A
,
*
*72%
73%
?
93%
9%
8%
9
8%
94%
T 93%
94
91%
30%
29%
30'A
14%
15
14%
29%
30
19 Va
19%
*35%
36%
*29%
*35%
9%
:
73%
72
72%
9%
9%
9%
•
93%
72%
71%
72
8%
8%
8%
9
17,400
92
92%
92%
92%
93
1.320
29%
28%
28%
*28%
14%
14
14
14 Va
14%
29%
30
29%
30
9% Jan
Corp of Amer
No par
$3.50 conv 1st preferred—No par
<
800
72%
30
8%
91
29%-
•
29%
:
14%
14
29%
29%
30
•
8%
18
19
18%
"18%'
35%
35%
35%
36%
*36
3
10% Jan
69% Jan
5
74
8% Feb
15
85 Vb Jan
*29%
30%
29 %
29%
*29
30%
*29
30
8%
8%
*8
8%
*8
*116
116%
117
18%
"
17%
preferred,
conv
Raybestos Manhattan
Inc
$2
,
27
28
47/a
59
Mar 10
Jan
71%
Oct'
3%
Jan
10%
Jun
54%
17-
Jan
101 Va
Dec
21
31% Mar 22
,Jan
29%
3
15% Mar 13
11 %
Jan
15%
Jun
2
30% Mar 14
26 Va
Jan
32
Aug
20% Mar 21.
14%
Jan
22% May
36% Mar 13
26%
Jan
35
Nov
30% Mar 21.
22%
Jan
30
Jun
3
15% Jan
3
32% Jan
13
27% Jan
7
5
Real
107% Jan
Feb
50
50
-
9% Mar 16
12% Feb
50
Reading Company—
4% non-cum 1st preferred
4%, non-cum 2nd preferred
500
% Jan
28
25
200
3.000
-
V
,
No par
1
preferred
100
18%
■
36%
:l
100
'um
Rayonier
2,500
36 Va
29%
A 17%
6%
5.400
-
-
35%
Kadio-Kelth-Orp".
"•600
29%
'36%
29%
Radio
33,900
'
9,
14%
30 Va
19% ,19%*
:
•
29%
*29%
29%
*15
30
:
5% Jan
Jun
*
*8%
*118%
*8%
*8%
8%
*118%
125
125
118%
118%
!
60%
*61%
64
14%
*14
14%
14%
*18%
19%
*18%
19%
15%
15%
15%
15%
86%
85%
85%
84%
83%
*116
14%
19%
85
63
63
9
9'A
62%
> 59%
16
16
*85%
*85%
86%
*84%
85
*9%
17'A
>102
~
17%
*102
*102
61%
61%
14%
14%
14%
*13%
19%
19%
19%
*18%
15%
*15%
15 Va¬
*84%
86%
*84%
86%
*84%
se %
83%
84%
83%
83%
*84%
85'A
9%
9%
,17%
16%
*102
91%
7%
7%
89
89
89
89%
90
67%
67%
671/2
68
7%
90
68
167/8
*90
68
9%
A-
2,300
"•>:
12,300
68
7,400
V
320
67%
67%
11%
11%
11%
11%
11%
11%
11%
11%
11%
11%
11%
11%
86%
86%
86%
86
86%
85%
86 %
86%
86%
86
86
9%
9%
9%
9%
9
>9%
30%
30%
'
30%
30%
14%
9%
9
30%
9
297/a
39.
*37
f
14%
14%
14%
14%
9%
9%
9%
9%
*13%
14
*13%
14%
14%
29%
*
*13%
9%
9%
9
30%
290
'68
2,100
"
390
••
29%
30%
Jan
80
20
Jan
86% July
Dec
Nov
Jan
137/b
19% Mar 17
14 Vb
Jan
20
16% Mar
12
Jan
19%
1
x83 7/a Mar
25
No
Mar
70
Jan
89
3
6
8
14
4
16% Feb
7
100% Feb
25
87
93
Oct
74%
Dec
4%
Jan
10%
Apr
14
102% Mar 24
100
Jan
Jan
Jan
95%
18% Mar 16
100
Jun
Va
69
10% Mar 11
par
Sep
May
42 Vs
87% Mar 14
70% Jan
RR_—100
Jan
101%
20% July
Dec
preferred—
5%% preferred
100
73%
Jan
88%
Oct
8% Mar 16
r5%
Jan
9 Va
Apr
Jan
15
Dec
Jan
4
10
100
—No par
Reynolds Metals Co
5%% conv preferred
97 % Mar 14
3
Jan
4
12% Mar 13
85% Mar 29
7%
3
63
—No par
Jan
6% Jan
84
Revere Copper & Brass
89% Feb 28
91
Mar 31
76
68
Feb
59 Va
Nov
7%
Jan
15% July
Jan
93%
23
,
80
98
70
Feb
Feb
Jun
2,200
Reynolds
Spring
6.200
Reynolds
(R J)
14%
*14%
147/8
1.300
Rheem
9%
9%
91/8
9%
5,500
14%
14%
*14
14%
*14
300
6%
5%
5%
*5%
6%
*5%
6%
19%
19%
19%
19%
19%
19%
19
19%
*19
19%
1,800
29
29%
29
29%
29%
29%
*29
29%
29
291/8
'A 800
21%
39.800
19%
21%
21%
19%
49
48%
49%
*491/4
30
30
29%
29%
29%
A
fs
3*2
%
%
%
5%
5%
5%
20%
5%
21%
18%
20%
20%
21%
50
49%
49%
49%
50
*491/4
50
29%
29%
29%
29%
30
29%
30
32
3*2
%
VI
%
%
%
%
7/8
'/a
u
n
270
4
5%
Mar 16
10
Jan
11% July
28
Jan
3
30% Mar 22
25%
Jan
32 %
36% Feb
24
38% Jan
25
34%
Feb
39% July
Jan
3
15% Feb
7
12%
Sep
14%
1
Richfield Oil Corp
100
19%
48 %
,
Tob class B
Common
9%
15
8% Jan
10
10
9%
30%
39
29
*
conv
66%
14% Mar 30
Feb
15% Jan
8% Jan
*37
19%
V 20%
6%
14
■
18
preferred
prior pfd ser A.
39
*37
*5%
*29
conv
127% Feb
Jan
6%
11% Feb
Inc
Motors,
Jan
50 % Jan
10
Republic Steel Corp
6%
3%
No par
Saratoga
14%
39
14%
9%
14
29%
*37
9%
14%
Reo
&
7
X
38%
*37
39
*37
**
*67%
Rensselaer
600
8 Va
*86%
*67
i
-
90
Feb
10
100
1st pfd
(Robt) & Co
Remington-Rand
Preferred with warrants
30
91
91
91
100
450
-
94
7%
8%
1.800
102
*92
94
Reliable Stores Corp
Reliance Mfg Co
17 Va
102
102%
93%
7%
9%
9%
17%
>102
'93
93
V
9%
16%
9%
17
102%
Rels
100
15%
89
89
:
15%
100
300
20
62%
15%
Hosiery
480
14%
*18%
102%
7%
7%
61%
r-
91%
94
7%
7%
16%
17%
102%
*91
94
7%
9%
9%
9%
9%.
17'A
102%
*91
84
61%
Silk
Preferred
20
117
*14
'
*13%
*18%
125
8%
Mfg
13
1
Co
87/8 Feb 29
No par
Company
No par
Roan Antelope Copper Mines
Royal Typewriter
1
Ruberoid Co (The)
No pai
Rustless Iron & Steel Corp
J
$2.50. conv preferred
No par
Jan
13
Ritter
3
5% Jan
27
17% Jan
26
Jan
3
14% Jan
5
Jan
13
25
45
10 % Mar 18
7%
Jan
12
14% Mar 16
9
Jan
Jun
Oct
July
5%
Jan
17% May
97/8 May
19%
Dec
21%
x30% Feb
10
20%
Jan
28
Oct
23
Feb
19
11%
Jan
18%
Jun
50
Feb
2
43
Jan
50% Aug
Nov
36 Va Mar
6% Jan
3
19% Mar 18
Dec
S
*
Vs
%
*%
n
A:
*46'A
467/8
46%
*112%
113'A
*112%
7%
51%
*108%
7%
7%
46%
112%
50%
7%
*39
*108
109
39
39
46%
46%
113
*112%
46%
46%
113
113
St
%
8.800
Vit
1%
14,100
1,100
467/8
113
V
170
!
*108%
39
7%
3,000
52%
54%
547/8
56,800
109
108%
108%
*108
108 %
200
39
7%
49%
52%
108 %
39%
108%
39% Vv
*39
46%
112%
7%
7%
51%
51
52%
110
46%
112%
46%
112% A
3,500
-
38%
38%
*38
38%
500
7%
7%
52%
7%
7%
53%
*109
110
*109%
110
*109 %
110
♦109%
110
*109%
110
110
110%
90
*108
109
*108
109
*108
109
*108%
108%
*108%
108%
108%
108%
10
23%
23%
24%
<23%
24%
24%
24%
24%
24
24%
«3
24%
3%
*23%
1.500
'
3%
*3
V
3%
*3
18%
7,500
Servel
15
15
15%
15%
15%
1,500
V 72
72%
72
72%
72
72%
13%
737/a
11%
10%
*51
26%
26%
*25%
270
13%
2,300
*73
75%
200
11%
11%
*51
52
2,800
11%
52
•
-
27%
27%
27%
6,000
3%
3%
3%
3%
1,200
2&%
25%
•25%
25%
257/8
1.700
25%
25%
♦25%
25%
100
26%
26
26
25%
11%
12 Vs
11%
12
39%
39%
40
15%
15%
15%
15%
11%
;•
iVv 11%
12
*22%
22%
34%
24%
15
/
22%
34%
22%
34%
; *23%
34%
*24
-
<:;-V
15%
22%
78,900
6,600
Skelly Oil Co___
15%
*15
15%
2,000
Sloss-Sheffield
*22
22%
1,020
1,000
*15
22%
*22
22%
..
_
32%
33%
24%
*23%
24%
*23%
24%
*23%
24%
12%
127/a
12%
12%
12%
12%
12%
12%
30,900
3%
3%
3%
3%
3%
3%
3%
3%
3,100
South Am Gold & Platinum
33
33
~
V*2%
127/s
12%
127/a
3%
34%
3%
3%
3%
A,
,5
:34
v
> 30%
*34
34%
34%
34%
1,800
*33%
34%
34
34%
1,900
South Porto Rico Sugar
*149%
150
149%
149%
23%
23%
23%
23%
23%
23%
23%
2,200
Southern
14%
15%
14%
14%
*14%
14%
■:V-14%
14%
2,200
Southern Natural
307/8
29%
30%
28%
29%
29 Va
29%
29%
29%
61,200
Southern Pacific Co___
24%
23,800
Southern
49%
9,600
30%
30 7/s
25%
247/a
25%
47%
48%
61%
*60%
23%
61
24%
24%
47%
25%
48%
48
47%
48
61
60
60
*59
24%
24
48%
*60
5
*6%
4%
5
4%
4%
4%
4%
4%
6%
5
5
6%
23 Vs
47%
*59
61
6%
6 %
6%
6%
6%
6%
*6%
20
,61
5.000
5
600
6%
10
*57
70
*57
70
*57
70
*57
70
58
58
*58
70
*30%
31%
*30
31%
*30%
31%
*30%
307/a
307/8
307/8
31
31
25%
25%
25%
24%
25%
24%
25
25%
25%
25%
25%
39%
39 Va
*39
60
60
♦59%
55
*36%
111%
63%
25%
38%
39
*59%
60
7%
V
6%
7
54%
39%
60
7
7%
55
55%
55%
36%
36%
36%
111%
63%
113
113
*109
110
*111%112"
38%
60
6%
36%
36%
*36
113
*110%
109
*110
112
31
30
*112%
63%
63%
•<
30%
*113%
114
♦113%
113%
113%
113%
7/8
'/8
%
30 '/a
3%
*112%
112%
/
*110% 112
112
,
:
.
60
-
600
....
50
63%
64
64
500
112%,
*112%
114
80
♦111
112
♦111
112
30
30
*113
♦113
37/8
30%
30
30%
6,400
5%
No par
stk
No par
1
No par
No par
preferred
Conv
$4.50
preferred—.
Squibb (E R) & Sons
$5 pref series A
$4.25 preferred
Standard
Brands,
100
12
1,500
3%
3%
3%
3%
6,700
No par
$4 preferred
1.200
3%
44%
3^
$6 cum prior
45%
*46
47
47
47
Btaodard Gas 6c El Co
preferred
prior preferred
$7 cum
54
52
54%
51%
53%
53%
54%
54
55%
23.000
36%
367/s
36%
36%
36%
36%
367/8
37%
26,600
Standard Oil of Calif
33%
32%
327/8
32%
33%
54
53%
53%
53%
53%
43
43%
42%
43
33%
33%
32%
537/8
54
53%
43%
43%
43%
♦111% 114
8%
8%
*112
114
8%
*112%
87%
8%
; 43%
114
♦112%
8%
8%
♦111%
114
X8%
8%
112
8%
33%
33%
13.200
Standard Oil of Indiana
53%
53%
12,200
Standard Oil of New Jersey
43%
1.800
*111
3%
8%
16,500
500
32%
*31%
32
*317/s
32
31%
317/a
32
32
*31
32
65
64%
65
64%
64%
63%
64%
63%
64
64
64
1.800
13%
13%
13%
13%
13
13%
12%
13
13
13%
13%
13%
4,800
10%
10%
*10%
10%
10
10%
9%
16 7/a
16%
16 7/s
16%
16%
16%
8%
8%
8%
8%
8%
8%
16
17
8%
16
15%
16 %
*57%
58%
*57 y8
58%
>124%
126%
♦124%
126%
S'/s
For
6
footnotes
■
5%
see
page
6
"
1367..
14%
57
157/i,
57%
„
14%
56
15%
57
>124%
126%
♦124%
126%
5%
5%
5%
5%
3,500
10%
-
10%
*10%
10%
♦16%
10
16%
16%
16%
600
8%
8%
8%
8%
4.700
15
15%
56
57!
♦124% 126%
5%
-5%
15%
15%
57
57
15,600
1,200
5%
6
1
preferred
Standard Steel Spring
Starrett Co
16,100
(The)
L S
No par
10
Sterling Drug Inc
Stewart-Warner'Corp
Stokely Bros & Co Inc
5%
Stone
prior
&
preferred—<—i
No
Webster
Studebaker Corp
18%
Sep
9
Jan
54
Jan
17% July
73% July
13'A
Mar 16
Mar 31
Mar 13
8%
Jan
16% May
64%
Jan
73% May
5%
Jan
31%
Jan
57
Oct
Mar 31
17%
Jan
29
Jun
Jan 27
2%
Jan
Mar 13
Mar"14
Mar 31
16%
Jan
21
Jan
28
May
27% Nov
10% May
xl3% July
28%
Jan
15%
4% Jan
3
29%
24%
36%
56%
6
50 %
34%
110
60
112%
108%
28%
110
Jan
Mar
Jan
Jan
Jan
Feb
Feb
Jan
Jan
Mar
Jan
Feb
10%
5
Apr
45%
Nov
Sep
24% July
22% Aug
23% Nov
39% July
25 % Jun
19
Jan
14
15%
Jan
Mar 17
10%
Jan
Mar 16
Jan
Jun
15% July
5
2%
Jan
Mar 14
16%
Jan
7
20%
Jan
30% Sep
Jan
149% July
Jan
5
29%
.
Apr
Dec
"
Mar
132
Mar 29
21 Va
Jan
Mar 23
10%
Jan
Mar 22
15%
Jan
30 % May
26
15%
Jan
30%
Mar 22
35%
Jan
49% May
Feb
29
42 »/a
Jan
66
5% Jan
18
2%
Jan
49%
62 %
Jan
Feb
6
2%
67/a Mar 16
58
33
Mar 30
Jan
25
'
14 7/a
6%
Apr
Sep
Apr
Apr
Jun
6% Sep
Jan
61
35
Nov
21%
Jan
6
23%
Nov
35% Mar
397/8 Mar 25
32'A
Jan
44 %
31% Mar 14
27% Jan
60
56
May
3
Mar 25
7% Mar 13
Jan
35 Va
Jan
38% Mar 13
33
Jan
112% Mar 22
109
Jan
59% Mar 10
49
Jan
Dec
July
60
Sep
8% Sep
64
Sep
42
July
116% July
70
July
114% Jan
10
112% Nov
117
Aug
Jan
28
107
Nov
110
Dec
31% Mar 21
25
Sep
317/a Dec
Jan
115% July
64% Feb
112
115
Sunray
A
pfd (4%%
Oil Corp
5
1
20
par
28%
62%
11%
9%
15%
8
Jan 18
Feb 29
1
4%
50 A
58%
38%
34%
55%
43%
114.
9/s
32%
65 /a
Jan
3
Feb 10
13/8
Feb
1
Jan
3
17 /2
9%
11%
cum)
14
Feb
4
16%
No par
(The)
Sun Oil Co
Class
*124.% 126%
25
25
—100
—1
Standard Oil of Ohio
4% %
112
65
87/8
No par
25 '
*42%
32%
*16%
No par
No par
No par
Inc
36% 1 367/s
43%
Jan
3%
3
No par
1
$4.50 preferred
1137/8
par
—1
100
conv
56 %
33%
10%
3
2% Jan 3
33% Feb 10
40 Va Feb 8
35% Feb
7
32% Mar 3
51% Feb 7
40% Jan 4
111
Jan 26
6% Jan 13
No
Square D Co_
37
541/4
Dec
19 Va Mar 20
7
No par
No par
No par
preferred
36%
43%
Jun
Jun
3
5 Va Jan 26
55
Feb 14
Mar
4%
2
22
7
Jan
Feb
112
26%
Jan
3
4
Feb
115
90%
Jan
Jan
Dec
Jan
Jan
54
43
Jan
23 %
35%
27%
20
Jan
407/8 Jan
447/8
107% July
-
59%
18%
3% Jan
Sep
12% Mar
5
42%
Jan
2
Spiegel Inc
16%
Mar 17
Mar 16
Jan
Jan 28
Feb
5
Mar 23
Jan 27
jf Jan
No par
Nc pet*
Spicer Mfg Co
$3 conv preferred A
56
33
Dec
July
114
Mar
2
6
lOO'/a
.
47
54
Nov
105
16
Feb 23
22
29%
24%
12
-4
29
26
27
3
11
15
28
6
30
6
9
27
1
Sperry Corp (The)
5%
109%
8
Feb
147/8 Mar 29
37
A
No par
Spencer Kellogg & Sons
*%
*113
100
tr ctfs
Sparks Withington
%
115
No par
100
preferred
Ohio
8pear & Co
$5.5)
7.50
Gas Co
Railway
non-cum
Mobile &
%
114
%
'
47
63%
63%
113
110
.110
29% >30%
%
56%
557/8
640
55%
113
48
11,100
54%
63%
48
7%
*35%
*112%
48%
59%
7%
36
31
48
39 %
59%
36
64
4
*38.%
6%
53%
113
37/8
38%
60%
67/8
55%
113
900
38%
36%
36
*112%
200
5,300
*59%
6%
55
*63%
4
-
54
*112%
109
38%
60
-
30%
3%
California Edison
'
48%
7
8%
149%
23%
15%
48%
5
50
150
149%
237/8
*60%
*6%
1
Southeastern
33%
*148
6
Jan
24%
15%
32 Va
28 %
34%
32%
149
Jan
110
25%
3%
91%
23
Jan 29
(13% Jan 17
23 % Jan
3
34%
34
23%
Dec
25
34%
33%
149
Jan
36%
35
357/8
149%
34%
34 Vs
*15
Jan
96
28% Jan 10
287/8 Jan 6
141
Jan
6
35
34'/a
15
19%
Mar 23
Greyhound Lines—-5
No par
preferred
100
34%
34
'25%
v
'V
34%
149
;*147
V; 23%
23%
147%
,
Nov
Mar 31
47 %
Jan
6%
25Va Feb
4
25
Feb 21
10% Feb
8
No par
Smith (A O) Corp
10
Smith & Corona Typewriter-No par
Socony Vacuum Oil Co Inc
15
34%
33
105%
1
4
28
26%
12%
20
Iron
&
33%
33
24
Feb
3
15
-
Steel
*23%
/
24%
"
Jan
3% Jan
$1.20 preferred
1% Mar
3 % Mar
Jan
113%
8'A
547/8
xl08%
427/8
112
28
par
par
No par
22%
15
*22
^
35
Jan 5
Mar 16
Feb 26
No par
Oil Corp
27%
Mar 13
637/8 Jan
12
Jan
72
Jan
9% Jan
48% Jan
24
Jan
par
par
Simonds Saw & Steel--*
12%
39
Jan
16%
72%
14%
75
11%
52
No par
Simmons Co
40%
12%'
38%
J an
3
3
6
27
6
4
18
Sinclair
12
12
38%
14 7/s
:39%
32
%
5
Oil
39
12%
37%
*
38
10
Mar 31
13% Jan
Silver King Coalition Mines
28
11
Jan
84
16'A Feb 14
No
No
No
No
pref ser A
Shattuck (Frank G)
Sheaffer (W A) Pen Co
conv
3%
3%
Jan
Va
1%
47
15
preferred
conv
$3.50
27%
2?
'
39%
$5
Sharpe & Dohme
Shell Union
3%
25%
11
*51
72%
*13%
Inc
*25%
27%
*25%
26
11
:-r;V,
13%
75%
13%
*73
52
*51
yl.
,
13%
73
'
10%
52
3%
3%
13%
73
v
10%
26 7/s
27
72
72
13%
737%
3%
26
/
52
26
26%
■
14%:
75%
32%
Jan 20
Jan 27
Jan
8
Jan
3
Feb 17
Jan • 6
Mar 16
Feb 16
Jan
3
Jan 10
Jan
5
Feb
7
No par
No par
Sharon Steel Corp
14%
11
3%
*25%
18%
15
*51
27
*26%
18%
15
14
11%
3%
177/8
15%
*737/8
52,
26%
17%
%
43%
110%
7
38%
105
37%
109
108
21 %
2%
No par
1
Sears Roebuck & Co
72%
72
75 %<
5
6.500
87%
*
No par
Seaboard Oil Co of Del
Seagrave Corp
88
15%
"14
300
3%
No par
100
5
5
100
No par
No par
No par
Safeway Stores
5% preferred
Savage Arms Corp
Schenley Distillers Corp
"5%% preferred
Scott Paper Co
$4.50 preferred
$4 preferred
87%
'
3®
100
Mar 17
Feb 18
28
100
preferred
non-cum
87 7/a
17%
15%
*3%
3
3
Francisco
Louis-San
6%
87
86%
*14%
11%
V
18%
18%
*51
3
87%
18%
72
3
17%
88%
18%
*73%
-V
'
16%
88%
88
*12%
' '"!■
86
88 7/8
10
Joseph Lead
56
Mar 29
100
121
Jan 27
60%
125
5Vs Feb 15
6Vs
1
—1
Jan
10
Mar 22
A
Mar 22
9
10%
Mar 22
Jan
6% Mar
38% Dec
Jan
44%
40
May
38% July
28%
Jan
28 Va
Jan
Mar 17
46%
Jan
Mar 28
37% Jan
Jan
11
Jan
15
Feb
>
2% Mar
Jan
Jan
Dec
60
Sep
45% May
15
Mar 22
~5%
Nov
"9%
Mar 22
2&
Jan
31% Mar
Jan
6
Jan
58 Va July
66
May
May
15
7%
Jan
14% Jun
Mar 14
4%
Jan
14
July
Mar 14
14%
Dec
xl7
Sep
2
5%
Jan
10% May
Mar 13
5%
Jan
15% Dec
Feb
Jan
21
Mar 18
Mar 18
48%
Jan
63% Mar
Apr
130
4% Nov
6
122
Sep
Oct
THE COMMERCIAL &
1366
RECORD
NEW YORK STOCK
LOW AND
Saturday
Mar. 25
Mar; 27
7%
193%
7%
7%
7%
19
18%
19
18%
19%
19
7%
7
7%
73/4
73/4
*19%
78
19%
*74
7%
21
21%'
22
73/4
1,700
78
30
30
30
10%
10%
10%
31%
31%
*75
77
*77
78
23
23
23
23
31
*30
31
11
11
*10%
10%
31%
31%
31%
313A
31%
31%
30 3/4
31%
30%
30%
30%
30%
30%
30%
31%
31
30%
31
293/8
29%
29
29%
27%
23%
29
28%
29
29%
28%
29 Vi
6%
6%
6%
6%
7
6%
7
78
7
7
10%
10%
10%
800
31%
31%
31%
31%
5,000
3,100
Swift
*46
47
*46
a
53/B
*5%
10%
10%
10%
10%
10%
10%
*10%
48
48%
47%
48
47%
48%
48%
5%
6%
6%
343/4
34%
35
18
18%
2,700
12,500
13.300
48%
48%
48%
5%
6%
6Va
6%
35 %
35%
5%
35%
35
5%
34%
35%
343A
17%
17%
173/4
18%
18%
17%
18%
17%
18
10%
10%
10%
10%
10%
10%
10%
24 3A
23
233/a
24%
24%
25
5%
6%
5%
35%
35
5%
*5%
5%
5%
,18%
10%
103/a
10%
103A
24%
23%
23%
*18'A
18%
173/4
18%
17%
17%
18
173/4
*54%
55
54%
54%
54
54%
54%
54%
55
-
*109
8%
8%
47%
*46%
47
46%
13
37%
*108 3A
109%
7%
73/4
7%
47%
*46%
46%
46%
46%
*46%
47%
5%
5%
13%
*12%
12 3/4
-12%
36%
36%
37%
37%
37%
23A
2%
2%
23A
2 3/4
5
22
20
21
20%
20%
X21
14%
*21%
14%
14%
14
14%
14
12%
21
f
213/4
104%
390
Jan
Jan
3
12
27%
28%
28%
28 3/8
283/a
2,200
45%
453/a
45%
45
453/4
2,000
(Timken Roller Bearing
19%
19
.19'A
*14
14%
*13%
3%
3%
3%
3%
3%
«/'
91
92
*91
10%
16%
17%
22%
23%
30%
30%
31
31%
*102%
103%
*103
103%
7%
7%
14%
3%
3%
92%
10%
10%
103A
11
10%
11
4,500
16%
16%
16%
16 %
16%
163A
4,300
24%
49,600
313/4
8,400
9%
58%
59%
10%
10
10%
80
79
59
59
59
10%
10%
10%
79%
79%
79%
85%
9%
9%
85
31%
31%
*7
84%
86
85%
7
6%
7%
*102
23%
233/4
30%
103
-
92%
233/b
30%
30%
103
*91%
23%
22%
24%
31%
103%
9%
*58%
480
*91%
6%
10'A
9%
:
85%
-
7%
10
58
58%
340
9%
85
■
7%
*9%
3,400
85%
7%
7%
300
103
*1023/4
103
2,400
4l3A July
4
19% Mar 16
83/a
Jan
18
9
11% Mar 18
7%
Jan
V. 13% July
4
26% Mar 21
16%
Nov
28% July
6'A
Jan
$6 preferred
/
—
9
Feb
Jan
31
112
Feb
7% Jan
26
11
4% Jan
19
6% Feb
Jan
Feb
Jan
16
July
15
r
23% Mar 21
Sep
May
6 3A May
Jan
34%
Dec
3
Jan
Mar
26%
Jun
93/4
Jan
153% July
94%
Jan
103% May
29% Mar 14
23%
Dec
343/4 Mai
49% Jan
25
40%
Jan
50
9% Mar 17
6%
Jan
10% May
21% Mar 16
15%
Jan
25% July
143/4 Feb
24
11%
Jan,;
43/8 Mar 13
1%
143/4 Mar 18
3
3
13
9%
Feb
1%
" Oct
95-
Jan
8%
Mar 18
July
49
Jan
3
11/
Oct
Dec
8
Jan
26%
3
6
100% Jan
14
Jan
4
33 %
393/4 Mar 18
4
18% Mar
52
23
July
53%
Jan
.13% Mar. 8
12 _,Jan„ 3
32% Jan 10
2
2%
16
47% Feb
533/8 July
Jan
35
16
8% Mar 20
Jan
43
105
Mar 21
"
25
Jan
45
Mar 31
3
8% Jan
13
18% Feb
10
12% J an
5
3% Feb
4
85
Jan
4
■i
94
Mar 25
16%
Jan
Apr
43/a May
Jan
69
Mar 22
July
90
May
8% Jan
15% Mar
3
11
6%
Jan
93A May
1
17% Mar 21
21% Feb
17-.
24'A Mar 28
12%
Jan
243A July
283A Jan
Corp—.——,_No par
Corp.—
*--1
/20th Cen Fox Film Corp
No par
$1.50 preferred
—No par
$4.50 prior pfd
——No Par
Twin City Rapid Transit
No par
7% preferred
1—
-100
Twin Coach Co-1
3
31% Mar 28
25
Jan
Jan
4
103%" Mar 22
99
Nov
Truax-Traer
Tubize
19% Mar 17
6
92
8
5*
55% Mar 31!
4
No par
Tri-Continental Corp
10,900
923/4
Dec
No par
1
St'l
Transue & Williams
100.
3%
33/4
92>
33%
2
5
Transcont'l & West Air Inc
2,100
183/4
14%
10%
30%
86%
10
18 3/4
'*133/8
17%
>103
7%
9%
9
8%
3%
3%
92%
23
23%
86'A
87
86%
19
*133/4
16%
11
17%
7%
*18%
14
,10%
11
17%
%
18%
14
3%
*91
92
10%
23
18%
6% July
23
5% Jan
No par
Transamerlca Corp
5.800
9
8%
8%
19%
14
18%
14%
9
,9%
8%
9%
%
9
9%
9
19%
*14
103%
104
Jan
50% Feb.
Products —No par
Thompson-Starrett Co
No par
$3.50 cum preferred—N< par
27%
*103%
Jan
83/4 Feb
Thompson
45%
103%' 104%
13% May
Jan
17% Jan
] Third Avenue Transit Corp._No par
.-Thompson (J R)-———*—.*.-25
28%
Apr
5% Mar
3/4
13
47
104
Jun
45
Jan
41%
123A Jan
27%
83/4
Jan
Jan
3.
,.'3%
preferred
46
July
10
100
28%
53/4
35
IF
33
63/B Mar 27
14% Feb
47%
.
Mar 17
6% Feb
Sulphur
No par
Coal & Oil———10
Pacific Land Trust
1
47%
.
6
8% Mar
49
35% Feb
28%
104
5
7
28%
103%
8% May
34% Jan
47%
103
35% July
Jan
11% Jan
47%
104
Feb
4 3/8
-
50% Jan
28%
*103%
22%
7
—
1,400
4,800
14
7
4% Jan
iTlde Water Associated Oil
—10
$4.50 conv preferred-——No par
Timken Detroit Axle
10
r
14
14%
14%
5
7% Mar 13
3
/42
-No par
No par
/Vo par
Preferred
100
Thermoid Co
——
—1
$3 div conv preferred
10
2,600
14%
21
143/8
300
Apr
28
$3.60 conv
1,200
2%
2%
'
r~ -
38
35%
33% Jan
Thatcher Mfg Co
120
.1,600
5%
*5%
*12%'
5%
2%
2%
5%
13%
37%
Nov
273A Mar 29
The Fair—
170
v-
27%
323/4 Feb
4% Feb
Texas
3,500
37
38
2%
23
*21%
8
108
7%
*12%
.
2%
*2%
8
7%
8
108
7%
5%
*5% .15%
12%
12%
38
5%~
:
8%
108%
7%
*8
'
37%
*5%
*12%
'•
108%
7%
8
rH t—1 O
Nov
2
10
10% Mar 29
.Texas & Pacific Ry Co
950
*46%
8%
27 %
Texas Gulf
300
7%
8
4$
110%
8
111
»-* O co
8%
8%
8%
"8%
Jun
Jan
Texas Pacific
1,500
55%
54%
12%
22%
45% Feb
(The).:
Gulf Producing
Texas
3,500
18%
18%
17%
18%
54%
Feb
No par
Texas Co
49,900
11
233/4
Jan
31% Mar 20
9
Corp
Tennessee
600
3,700
6%
23%
■
•
10%
49
Jan
43A
3
50
5
5
—25
partic preferred
Telautograph Corp
32 Va July
14%
27% Jan
Jan
May
May
26%
11% Mar
6
22
82
3
31% Mar
4
*
Apr
Jan
Feb
8
24% Mar 22
28
8% Jan
1
5%%
400
5%
5%
4
7%
Jan
12%
2
293A Jan
No par
33/4
$ per share
583/4
Mar 16
84% Feb
V Highest
$ per share
,
83A Mar 16
21
3
1^43
,Lowest
,
2734 Jan
Talcott Inc (James)
100
47
,
3
Jan
/,
$ per share
27
Jan
20
International Ltd
Symington Gould Corp
5,300
5% Jan
17% Jan
72
12%
25
Sylvanla Elec Prod's Inc
,4.300
-
7%
*7%
7%
'*7%
47
—
(The)
Swift & Co
10%
48%
*109
Sweets Co of Amer
Highest
$ per share
10c
No par
25
100
10
Co
Sutherland Paper Co
10%
7%
7%
*46
48
Mining
(The)
Oil of Calif
Superior Steel Corp
.
Lowest
'
Par
=
300
*'
10%
11
25
:
31
*5%
5%
*5%
♦103A
1.200
22%
22
*30
<
•
Superheater Co
'
73/4
*7%
*46
48
*46
48
6%
8%
*7%
8%
*7%
»46
10%
7
7
.
22%
'30
.
' V,
Superior
100
*30
*77
Sunshine
4.800
19%
22
30
U
78
22%
31
77
share
*74
,
•/"',
Shares
*19%
7%
*19
EXCHANGE
Year
Range since January 1".
YORK STOCK
NEW
the Week
$ per
$ per share
$ per share
$ per share
share
f per
f per share
Sales
Mar. 31
Mar. 30.
Mar. 21)
'"•/
for
Friday
Thursday
Wednesday
Mar. 28
Range for Previous
STOCKS
HIGH SALE PRICES
Tuesday
Monday
VMonday, April 3, 1944
FINANCIAL CHRONICLE
Rayon
100
5% Jan
5
4
89% Mar 24
8% Jan
6
10% Mar 13
10
.59% Mar 28
—
34 % July
101
'Oct
Jan
93A
Jun
Jan
77%
Jun
6% Jan
8% Mar 22
68% Jan
,
4%
113/4
Jun
67
U
116
*115
"
113
115
113
113
"
*19
104 %
103%
94»A
94 %
94%
94'A
27
27
27
27
112%
116
*115
116
*115
*112%
114«"
19%
*113
114
25%
112%
112%
111%
*110
63
63
*63
,64
24%
*24
*24
'
1%
1%
,
24%
1%
1%
•
22
63
24
63
.
*
34%
34%
34
34%
33%-
34%
*13%
13%
13%
13%
13%.
13%
99%
99%
*99%
*6%
7%
*6%
9%
27%
9%
9%
27%
1%
1%
76%'
14 <
*6%
53
9%
27
76%
76%
76%
1%
1%
1%"
353/8
36
*102
103
*102
*5
5%
5%
5%
4%
5
9%
9%
9%
10
9%
9%
9%
9%
101%
10J%
*100%
103
101%
101%
17%
18
17%
17%
18
18
10%
10%
10%
47
47
*5%
6
*38%
5%
6%
6%
*9
9 V4
*9
9%
32%
32
32%
*44
44 %
44
44
«
1%*
1%
'2,500
13/4
22.400
37%
4,400
/
5%
5%
71
*176
*'10%"
47
*46
*5%
5%
21%
*111
112
6%
6%
9%
44%
9%
45%
136
52%
53
53
74
46
*72
73
44%
136
32%
44%
136
•
;
38
1%
44%
136
53
*52 3A'
74%
X72
"
38
...
121%
120%
121%
121%
121%
121%
24%
23%-
24%
*23%
233A
233A
45
45
45
45
,
1213A
4,000
.
233/4
23 3A
1,300
*45%
47%
230
27«
2%
2%
2%
2%
*2%
3
2%
*2%
2%
2%
2%
*2%
2%
85%
85%
16
*15%
4
*35
72
*71%
♦163%
72%
20
20%
11
103/4
103/4
*41%
42
*35
72%
*163%
165
20%
42%
85%
'
20
*10%
41%
2%
2%
2%
*84%
85%
*84%
15%
15%
15%
*153/8
-
*71
.
4%
V
*
36
*33/4
35%
73
73
165
165
165
164
20
19%
19%
19%
19%
19%
11
10%
10%
10 3A
10%
10%
*40%
41%
*40
41%
40%
O
,
164
,
19%
:
(
130
.
*44
*69
*72
223/a
43A
61
*116%
•117%
120
*69
— —
^
76
74
43A
•
75
*69
75
76
*74
79
22%
223A
4%
4%
60
%
22%
4%'
43A
*117%
120
„
*117%
43%
*42 Vi
44%
*42%
44%
75
*68
74
*68
*72 '
74
*72/
*22%
22 3A
*68
4%
*70
78
22
22%
4%
43/a
4%
4%
Norman Co-
*57%
58%
117%
*116%
117%
1173/8
*116%
45%
47%
47%
47%
4734
48%
47%
39 V*
*38%
39 %
39%
39%
39 %
39 %
*38%
39%
33%
115
—
footnotes
33%
*109
*144
see
33 3/8
*33%
59
33%
*110
—
1367.
111
*144
111
page
58
—
*333%
109
♦144
"
33%
109
33%
*109
*144
59
33%
111
•
33%
*109
*144
33%
111
■
v
800
250
v
2,100
■
10
97
Jan
28% Mar
'30% Mar 13
x24 %
Nov
11
93%
Jan
27% Mar 16
173/4
Jan
16
Jan
Jan
55%
Jan
Jan
21
18%
Jan
26
ii
Jan
25
173/8
Jan
14% Mar 13
7%
Jan
15%
Sep
Mar 28
943A
Dec
96
Dec
17
2%
Jan
9
Jan
57% Mar 13
38%
Jan
5%
Jan
3
36% Jan
27
5
Jan
12
Jan
6
100
7% Jan
>
2% Jan
9
19
983A Jan
Feb
9
7% Feb
10
1043/4 Feb
104% Mar
213/b Feb
17
Jan
5
Mar 13
■; 75
Mar 28
10
4
180
8% Jan
Jan
7
47
.
42
Jan
5
7
10
No par
—10
Jan
Mar
4
Feb
•
13
7
70
-
Jan
•'
2®A Jan 28
2% Feb
4
3%.
Jan
4
-
3
Jan
17% Jan.
4% Jan
Mar
6
Nov
29
Jan
%
7
4
13
36
A 75
Feb
16.
Mar 20
169
Feb
25
33/4 July
Jan
3
56
Jan
88
13%
Dec
2%
Nov
20% July
6 % July
30%
Nov
59%
•
-~
'.
,
July
Apr
50% Aug
Jan
,,
18
Jan
162
20 %
10
Nov
59% July
125
Jan
4
Feb
May-
74
„
42.%
,
Dec
.*
62
Jan
J12
24
->
130
,
Jan,
Jan
Jun
;; 46'A Sep
.
Jan
64%
July
33/a May
.."47% Jan
23
703A Jan
31
42
,
18
86
,
37% May
Jan
46
24
,\3Vu Mar 10
13
14% Jan
Jan
44 V2
11
Jan
Apr,
Oct
29% Jan
101
8;_
Jan
48% Feb
•
19
Jan
76
.
29%
Jan
243/44Jan
4
-
./
25%
1223/4 Jan
3
Jan
45
Nov
Jan
58
Apr
8 % July
9% Jun
32
,
.
:; 55% Mar 16
27
223/4 J an
25
8%
6
73
6
50% Jan:.3
X119 3/4 Jan
73A
19%
114
\
ii
138% Mar
v
Nov
•
Jan
48 3/4 Mar 21
7
Jan
Oct
"44%
x423A July
;;
Jan
20
2% Jan
2
Feb
10%
,
43/4 Nov /
,.,
Mar 13
46
52% Feb
.
13%
108
18
34
Jan
"
39% Mar 18
40
50
Apr
4
3
130
100
Oct
-181%
21
14
Dec
Dec
26
Feb
1
99%
7
753A
28/,
40% Jan
353/8 Mar
13% May
/•
Jan
9% Jan
Apr
168
6% Mar 23
31
Dec
Dec
.
Jun
87% Jan 25
-
29 3A
100 ,
5"%
19.,, Julj
30
5% Jan 27
,
„•
/
Jan
393/4
Feb
Apr
59
Mar 23
Feb
112
Jun
*
76% Sep
2% Dec
v,
Jan /
5%
233A Feb
3
Feb
July
9 Ya
35
Jan
39% Mar 13
19
Jan
16% Jan
9 >/8
17
11% Jan
35% Jan 26
110
...
"
Sep
66
.
-
Jan
84%
1
Jun
353%
Jan
43/4
/ 10% Mar 18
Jun
2% May
Dec
3%
Jun
69%
x26
v
Jun
Jan
M(5% Mar 16 J
4
170
10
1
2%
16%
99
3
3
70
20
,,
21
143/4 Jan
114
*
233A Nov
60% Mar
6
97% Jan
-
v
.
Mar 16
.; 38
'3
4
Jan
29
81% Mar 16
12
xl% Mar
28 % Jan
,
10 % Mar 30
26% Mar 29
75% Jan
22% May
109%
5
17
8,
Jun
18
1% Jan
50
May
33% July
14
1% Feb
Feb
40
114%
Jan
26-
4
.
Oct
Jan
22
7
6
v
Oct
1133A Jan
3
12% Jan
114%
Mar 25
113
Jan
95% Jan
100
No par
v:
Jan
106
Mar 23
preferred
non-cum
preferred
Chemical Works
17%
No par
2.50
--5
100
5
100
100
~5
9A
37
116/8
41%
63 %
70
4
52
114%
38%
25
38 A
JJ Va
102
Virginian Ry Co
6 %* preferred—
Vulcan Detjnning Co
:
Preferred
25
s—100
100
Jan
^
149
4
21% Mar 16
11% Mar 17
43% Mar 20
Jan
4
Jan
3
Jan
28
118
Jan
25
Jan
15
Oct
-
Oct
1
41 Vi July
Jan
75% July/
165% Nov
15 3A
Jan
25 3/a July
8%
Jan
25%
Jan
150
,
Feb
11
Jan
3
47
Mar
8
68
76
115
Mar
12%
Feb
37%
.
Oct
120
Oct
Oct-
40%
Dec
44%
Mar 20
51
Jan
65
Mar
27,
57
Feb
67% May
11
20% Nov
23% Feb
26%
Aug
Feb
Jan
7
Feb
4
5% Mar 24
Jan
63/8 July
Feb
9
62 V* Mar 24
39
Jan
68% July
Jan
7
1173/a Mar 21
115
Dec
Feb
17
r
Chemical
No par
6% div partic preferred
100
Va El & Pow $6 pref
No par
Va Iron Coal & Coke 5% pfd—100
200
,
Jan
24%
33% Feb
100
1
Va-Carolina
2,600
48%
*383/8
Victor
1173/8
48%
1st
Vicks Shreve & Pac Ry
5%
10
593/4
*116%
59
*116%
*58%
117%
48 %
'7%
Vick Chemical Co
-1,200
4%
79%
9
Feb
.
1
United Stores class A—.——
5
$6 conv preferred
No par
Universal-Cyclops Steel Corp
1
Universal Laboratories Inc-i
1
Preferred
No par
Universal Leaf Tob
No par
8% preferred
-—100
Raalte Co Inc
___
78
28
Feb
68
United Stockyards Corp
Van
:
22%
.
preferred
Van
100
*
-
22%
—
* 200
,
,
74
43%
non-cum
102% July
62
50
Tobacco Co
223/4 July
Jan
22
——No par
Vanadium Corp of Am
120
60 %
39%
For
44%
120
*116%
*38%
*33%
*43%
*117%
61
493A
*109
120
117
*48
*144
'*
22%
22%
•117%
44%
*44
44%
120
Ref & Min
800
•
*117%
1st preferred
Jan
8
....
1,700
•
10 3A
41%
70
100
73%
*71%
73%
165
i
900
.
-J
36%
*35
Co_.
non-cum
Steel-Corp
7%
300
4%
*3%
4%
35%
•
Preferred
U S
200
16
Rubber
Jan
15%
80'A
12
10
Pipe & Foundry
Card Co—
Plywood Corp
Realty & Impt_
S
U S
1,300
'
85%
*35
72%
600
2%
85%
*33/4
36%
165
3
2%
15%
4
*
23/b
*84%
16
4
36%
165
85%
*15%
16
4
4
36
85%
*23/4
f.
t
Preferred
t
22.400
121%
45
2%
100
52 %
233/4
45%
*2%
■i
preferred
U S Smelting
800
■
733/4
••
203/a Jan
110
Apr
1053/4
28;
19
No par
Lines Co
8 %
513/4
121%
23%
45
u S
*71%
72
102% Jan
xll8
24
19
No par
Co
Leather
Preferred
u S
u
53%
53
53%
22"% Jan
Feb
86% May
19% Mar 17
3
10
'• July
113A
x76%- Dec
6
82% Jan
24
preferred,
50
Chemicals—--No par
conv
.u S Playing
1,100
121%
*45
S
13,600
52
Jan
27
5
Partic & conv cl A
u S
45"%
121%
*41%
1U S
„2,700
136%
96% Feb
11
S Industrial
1%
45%
1
26% Jan
—20
100
Hoffman Mach Corp__
5% %
900
136%
121 %
24 %
200
46
51%
20%
S
800
136
51%
*10 3/4
7%
1,500
38
l3/«
1%
51%
45%
9%
32%
*37%
92% Feb
1003/i Feb
,—No par
No par
-——-No par
Co
Co
preferred-/—-
Prior
'
104% Feb
ex-distribtion_
Inc———_1
—100
10
u S Gypsum
6,200
44%
32%
*43
r
52%
72
*U S Freight
2.800
63A
9%
9%
32
1%
*72
53
53
46%
*9
6%
51%
*163%
*
1st preferred
$6
i
112
6%
*43
38
1%
•
6%
*111
112
31%
*37%
1%
*111
44%
*43
38%
1%
6%
31%
32%
38
1%
6%
9%
9%
32
112
52%
*3%
700
21%
52%
36
383A
5%
135%
*72
*15%
U S & Foreign Secur
70
21%
46%
73
*85
preferred
-United Taperboard
700
*5%
52%
45%
-
20%
52%
*24 %
103/«
*37%
37%
5%
r"
1,400
47%
,
/United Gas Improv't
50
178
103/8
10%
*46
35
Mar
3
Drug
/United Merch & Mfrs
-1,100
72%
*71
178
•"
17%
17%
17%
30
102%
113
3
$4.75
2,500
10
*102
103
2,100
5%
,•
9%
9%
290
104
103
103
5%
135%
54
♦53
77%
13A
353A
203A
46%
135
*72
77%
1%
5%
135%
46%
46%
135
1,000
77%
35%
178
37%
28,300
27
27
27
10%
37%
80
10%
71
-
100
.
53
10
20%
5%
*43
39
39
39
1%
53
10%
47
10%
37
21
*114
112
*32
38%
-
179
*46
38%
20%
*111
6%
6%
5%
,21%
17%
71
70%
10%
*101
17%
179
47
38
39
5%
'
112
*111
10%
21%
16%
71
*46
103
*101
179%
*176
9%
53
5
18% Feb
59
Jan
Co—
5
preferred -.'-——.j-—No par
.United Dyewood Corp.1
t
preferred ———————100
t United
Electric Coal Cos
5
United Engineering & Fdy—
5
United Fruit Co—4.—_——No par
United
;
„
21%
21%
10%
47
*46
38%
38%
179%
*176
179%
70
71
71
71
*70
*176
V
*5
7
*6%
7
600
99%
99%
100
-7,800
113
No par
No par
preferred
$3
Mar 20
Biscuit Co
.•United Corporation
10,600
34%
133/4
200
26,200
13/g
1%
13/8
.1
116
93% Jan
No par
preferred—.*.,
:—100
United Carbon Co— -4-—No par
United-Carr Fast Corp_i
No par
700
19
.-—100
«.
Jan
109% Feb
conv
25
33%
*5%
5%
*24%
'
13%
*99%
■United
A 64
33%
263/4
35%
103
64
preferred
4%%
300
? 111
13%
9%
1%
103
*110
63%
25
1,900
♦2lV4 *'21%
21%
112
33%
6%
26%
77%
13/8
54%
36%
1%
*24%
100
9%
27
27
63%
8,800
.
110
110
110
13%
*6%
9%
*21%
*110
24%
24
conv
Jan
8
Feb
113
5
100
Aircraft Corp
preferred
United Air Lines Inc——.—i
5%
500
104
34
33%
*52
54%
9%
35
103
103
103
78%
36
36
36
*35%
*102%
77%
1%
1%
54%
110
21%
1%
*99%
6%
6%,
7
9%
27%
*27
79
*78%
.
55
55
56%
*55
243/4
25
13%
100
99%
100
.
United
24%
633/4
1%
1%
1%
8.500
28%
103%
*24%
24%
28%
28%
104%
*62%
.
Union Tank Car—
42
Mar 11
7
25
—-100
No par
preferred
non-cum
1,200
28%
112
*110
4%
700
26 3/4
*1033/4
111
*21%-
,
112
*110
112
110
112%
"
*21%
21%
21%
21%
/
95%
26 3A
104
24%
24%
2,900
Carbide & Carb
95%
95
28
-
5,400
104%
103
104%
95
50
19%
19%
*26%- 27'-'
27
27%
25 %
103-
93%
104
104%,
24
103%
;
*26%-
29
27%
19
18%
93%
94
26% "26%
104%
112
102
103%
94
*
25%
.
Ml '
9% Feb
■763/4 Feb
No par
No par
Union El Co of Mo $5 pfd—No par
Preferred $4.50 series——No par
Union Oil of California
25
Union Pacific RR Co
100
10
116
114
29%
113
79%
18%
104%
21%
3,800
Union
*115
29
*110
Union Bag & Paper
*112%
*104
25%
4,300
19
29%
25%
10%
•783/4
78%
Under
.116
104%
29%
78%
1.000
51% Jan
No par
Elliott Fisher Co
59
-
10%
10
10
79
78
*58
'113
102%
104
*103%
*104
10%
-
v
*115
18%
19%
19%
19 %
9%
80
'
58%
58
113
V
115
113
.
52
Mar
45
Oct
Jan
40
Oct
29%
Jan
353/4
Sep
2
80
Jan
110
Aug
28
113
Jan
150
Nov
Mar 20
Mar 23
34 3A Jan
6
4
110
Mar
14
154
Feb
Aug
Jan
27
15
Jan
X123
20 Vt
7
39% Jan
Feb
2%
Volume
Number 4269
159
THE COMMERCIAL & FINANCIAL CHRONICLE
1367
NEW YORK STOCK RECORD
LOW AND HIGH SALE
Saturday
Monday
Mar. 25
Mar. 27
Tuesday
$ per
56%
55%
Mar. 81
$ per share
55%
Friday
Mar. 80
Mar. 29
$ per share
share
STOCKS
Thursday
Wednesday
Mar. 28
.
$ per share
PRICES
$ per
share
Sales for
$ per share
•-
Range for Previous
NEW YORK STOCK
the Week
Range since January 1
Highest
EXCHANGE
Year 1948
Lowest
Shares
Par
$ per share
Lowest
$ per share
$ per $hare
Highest
$ per share
W
56%
57
56
56%
11%
11%
11%
11%
11%
26%
26%
26%
26%
26%
26%
105%
*105%
108%
*11
57
x51
52
11%
11%
*11%
26%
26.%
26%
*105%
106
105%
*50%
51
50%
51
49%
51
17%
8%
17%
17%
17%
17%
*17%
8%
8%
8%
8%
8%
17%
8%
9%
*9
*1%
13
13%
23%
*9
1%
50
50%.
*23
9%
*9
1%
1%
50%
.
ji
11%
11%
500
26%
26%
26%
1,200
109
200
53
4,600
*17%
17%
1.200
8%
8%
8,000
Walworth Co
11%
4,400
1%
4,900
Ward Baking Co cl A
Class B—
*105
108%
50%
50%
17%
*17%
17%
8V2
8%
8%
9%
9%
10%
1%
1%
49%
10%
1%
49%
54%
*1%
*48
1%
-
57%
,
5,000
60
13%
12%
13%
12%
12%
12%
12%
23%
12%
*23
23%
23%
*22%
23%
*22%
23%
*23
24
Warner
200
22%
22%
22%
22%
22%
*22%
23
*22%
23
*22%
23
17
17%
16%
16%
16%
16%
*16%
17
16 Ye
17
25 %
25%
25%
25%
25%
25%
25%
25%
25%
*25%
26
600
8%
8%
8%
23%
23%
23%
84
82
82
22%
22%
22%
100
86
*85%
100 '
99%
96%
95%
114%
99%
96%
114%
114%
96
*114%
*18%
94%
18%
106%
107
*106%
30
30
29%
5
4%
*106%
30
5
5
*106%
7%
84
8%
23%
23%
23%
*82
22%
84
21%
86%
93%
*113%
18%
84
85%
100
94%
23%
21%
86%
100
8%
22%
85%
85%
4%
No par
—No par
preferred——
6%
preferred-—
106%
106%
220
6%
2,200
Western
3,300
20%
Dec
3
89
Feb
10
50'/e
Jan
85
101
Jan
13
67% Jan
99
Aug
Oct
85% Jan
3
103
117% Jan
10
4
20% Jan
Feb
1
23
106% Mar
32% Jan
3% Jan
7
13%
13%
12%
13%
12%
12%
12%
13%
13%.
13%
48%
45%
47%
45%
47
46%
47%
3G 34
47
27%
26%
27%
26%
27
27
27
27%
27%
2,800
24
24%
23%
24
23
23%
22%
23%
23%
23%
23
23%
4,000
Westinghouse Air Brake—No
par
22
Jan
2,400
X91
Feb
Jun
800
13
29
Feb
16
22% NOV
150
$4.50 preferred—
No par
Wheeling & Lake Erie Ry
100
5% % conv preferred
—100
Wheeling Steel Corp
No par
--$5 conv prior pref
_No par
White Dental Mfg (The S S)—20
105% Jan
12
108% Feb 26
1061/2 Jan
28%
28%
28
28
27%
108%
108
108
*107%
65%
*63
66
65%
20
*100%
102%
100%
102
102
*100%
102
*100%
22
*21%
22
22
102%
21%
21%
21%
21%
71
70
70%
*68
*70
72%
71%
71%
71
*20
;
r:
*100%
21%
21%
21%
70
Weston
27%
108%
35
102
21%
1,500
140
70
*69
Elec
Instrument
20%
20%
20%
20%
20%
20
20%
*19%
20
20
20
24%
23%
23%
22%
23%
22
22%
223/4
23
223/4
233/s
10%
10%
10%
10%
9%
10%
9%
9%
10
>
10%
5,800
White Rock Min
5%
5%
5%
5%
5%
53/8
53/8
4,200
White Sewing Mach C0rp__
$4 conv preferred-
5%
6
*70
72%
*25
25%
7%
7%
*13%
*84%
*85%
85%
39%
69%
*68
69Ya
25%
*24%
25%
*24%
25%
8
7%
7%
7%
7%
T%
7%
7%
13%
13%
13%
13%
*13%
9%
8%
83/4
15,900
Wilcox Oil & Gas Co—
7%
21,900
13%
13%
Willys-Overland Motors——
6% conv preferred
8 Ye
85%
12
*85%
12%
85%
12%
39%
39
85%
12%
12%
*12
38%
38:%
39%
25%
"
12
*122%
*20%
—
39%
27
26%
114
*100%
114
*100%
114
*100%
114
*100%
114
*90%
100
*90%
100
*90%
100
*90%
100
*90%
100
58%
58 %
59
60
60%
60%
1:
59%
*58%
.*60
61
*83%
59%
27%
60%
60% >60%
,
26%
26%
58%
59%
59%
60
60
*58%
26 %
26%
26 VA
*100%
68%
;
5,500
~~~
59%
84%
83%
83%
68%
68%
68%
67
68
65%
663/4
/
28%
29%
28%
29
28%
28%
10%
10%
10%
15%
35%
16 »\
36%
100
15%
61%
84%
*81
*81
86 %
1,500
V
400
90
86 %
66
1,300
c'*28%
28%
1,500
t
10%
10%
3,300
15%
36%
16%
36%
3,200
99
99
15%
15%
36%
36%
*5%
5
65%
29
29
29%
10%
10%
10%
10%
10
10%
10
*16%
16%
16%
16%
15%
16%
15%
15%
36
35
35%
100
99
99
36%
100
35%
15%
5%
♦Bid
*99,
and
15%
15%
15%
15%'
15%
37%
35%
36%
35%
35%
36
5y4
.
5'/a
5%
4%
asked prices;
no
5
sales on this day.
-
J
*99
15%
37%
37%
5%
100
15%
15%
37%
35 y.
36
*99 %
36%
100
'
5
5
tin receivership,
a
'
r
V
Week Ended Mar. 31, 1944
Shares
20
Jan
22 3/4 Aug
Jan
24
100
nNew Stock.
Feb
23/a
2'/s Jan
14% Mar 22
Bonds
Bonds
Jan
143/a July
571/2 Jan
9% Sep
86% Oct
—10
Jan
18
22% Jan 25
17%
Jan
—10
36% Jan
3
39% Jan 22
30%
Jan
121/a Mar
20% Jan
28% Mar 16
4
105
12
94
Prior
47% Jan
49
Jan
81
Feb
pfd 4%% series—
-100
pfd 4%% Conv series—100
Wright Aeronautical—,
No par
Wrigley (Wm> Jr (Del)_—No par
*;
m i
■;«-/
Yale ds Towne Mfg. Co
York Corp
—
Jan 27
11%
121
16% Jan
104
Apr
Dec
24% July
42% July
253/a
Oct
Deo
149
12
1003/4 Oct
134
Sep
Sep
5
60% Mar 27
44% Jan
54
Jun
5
61% Mar 20
46
4
87% Mar 14
12
78% Dec
581/8 Jan
8
21% Jan
313/4 Sep
7% Jan
17 % July
Jan
Jan
65% Mar 30
70
27% Mar
6
30% Jan
10
7
17% Mar
57% Jun
Apr
70% Sep
108
113/4 jan 31
3
Jan
'
>
Mar
14% Jan
35
Mar 29
8
38% Mar 16
30
Jan
41% July
82
Jan
98
,96
Jan
6
101% Feb
3
13
Jan
3
16 Ye Mar
16
9% Jan
16% Jun
33% Jan
3
39% Mar 16
19% Jan
37 Ya July
3% Jan
No par
1
Zonlte Products Corp
19
5% Mar 25
wdWhen distributed.
Special sales.
9
100
27
2
Jan
Nov
43% May
y Ex-rights.
x-Ex-dividends.
580,000
43,000
12,896,600
Tuesday
229,000
11,508,000
Shares)
Monday
Wednesday
8,000,100
$97,500
Bonds (Par Value)
Foreign
of
7,366,900
$1,702,000
$53,922,100
100,285
133,890
278,320
226,035
154,650
Saturday
Domestic
Government
$1,000.
1,000
$341,000
817,000
6,000
835,000
782,000
702,000
lXoOO
552,000
$23,000
$3,717,000
190,520
Total
i-i
—
495,000
12,000
24,000
16,000
44,000
$3,586,000
$108,000
756,000
686,000
Jan. 1 to Mar. 31
1944
1944
1943
5,071,110
9,676,720
62,555,204
$97,500
$49,000
$1,816,350
$716,150
1,702,000
27,042,000
35,286,500
52,122,600
4,490,000
92,796,000
$53,922,100
$97,335,000
505,000
2,000
Jan. 1 to Mar. 31
1944
1943
Stocks—No. of shares
Total
$4,000
8,000
1,083,700
8,164,800
Foreign
Corporate
$336,000
496,000
Week Ended Mar. 31
Week Ended Mar. 31
...
1943
1,083,700
1,913,700
16,581,635
17,828,617
$3,586,000
108,000
23,000
—
$6,600,000
162,000
38,000
$52,607,000
1,603,000
237,000
$58,612,000
$6,800,000
$54,447,000
$61,372,000
82,943,354
Bonds
Bonds
Jan
5
19% Feb
6% pfd
Jan
$18,500
$52,122,600
Total
9
115
10% Jan
—10
Co.
Week Ended Mar. 31,1944
$5,985,700
5,071,110
ts Industrial
Jun
88% Feb 16
Jan
$151,000
202,000
17,000
Railroad
9 Va
4% Jan
12,
(Number
Sales
234,000
Foreign
8
Oct
63/4 July
Jan
MarlO
Bond
306,000
S. Government
27
.
Stocks
Government
7,749,100
U.
x20% Jan
10
Total
797,400
shares.
7% Oct
Apr
86
Transactions at the New York Curb Exchange
681,790
Stocks—No. of
10% July
Jan
Daily, Weekly and Yearly
Foreign
1943
Jan
Jan
7% Mar 13
94
Exchange
Friday
1944
40
8% Mar 22
3
105
s
2%
MarlS
Jun
4
Worthington P & M (Del)—No par
7% preferred A
100
6 % preferred B—
100
rCash sale,
3%
Mar 23
25% Jan 28
Prior
•
8
6% Mar 13
73
Jan 27
,24
4% Jan 14
8
Zenith Radio Corp
5,400
11
26
12% Jan
2,600
Thursday
*
Jan
13%
6
18,300
5,000
14,000
Total
15
24% Mar
5
5%
$5,834,700
7,146,400
12,273,600
11,274,000
7,844,800
447,730
692,650
1,344,220
1,107,320
Saturday
Monday
Tuesday
Wednesday
20% Mar 29
7% Jan 24
3,700
United States
Railroad
and Miscel.
Bonds
7
7
3
Daily, Weekly and Yearly
Stocks,
Number of
Feb
Feb
X64% Jan
36%
Deferred delivery.
Transactions at the New York Stock
18
20
—28
1
Young Spring & Wire,——No par
Youngstown Sheet & Tube—No par
5%% preferred series A
—100
Youngstown Steel Door,,—No par
i
71% July
Mar 17
72
80% Jan
■
29
583/a Jan
—
59%
*603/4
Oct
24% July
-1
—10
Woolworth (F W) Co—
15,400
;•
'
*81
84%
39%
263/4
114
Apr
99
Jan
Jan
Woodward Iron Co
700
60
Jan
18
——No par
Wisconsin El Pow
—
*90 Va 100
*68
85%
*68
-
•
.
Mar
22% Mar 16
—No par
—*
preferred—
Wilson-Jones
600
•
21
383/4
>
:
*26%
*100%
$6
52
85
7
66% Jan 28
—5
-
—
200
67% Mar 22
102% Mar 22
20% Feb
-20.
-
Wilson & Co Inc
12,400
12%
.'
20%
20%
V
853/4
85Y4
12%
*122%
800
9
9
*85%- 85 3/4
20%
20%
39%
25%
.i,
*122%
20%
*20
9
85%
*122%
21
39 %
8%
71/4
preferred-
July
29% May
1121/2 Jun
3
59% Feb, 19
No par
8
'
;
Prior
100
Jan
97 y4 Jan
_1
No par
25%
13%
8%
Springs
70
1,130
32
1
*25
r
73/a
14%
White Motor Co
*68
8%
7%
9%
6
;>
20%
39%
*68
7%
*122%
20%
20%
70
7%
12
12
*11%
*122
5Ya
8%
9%
9%
,103/s
5Ye
*24%
7V 7%
14
9%
.
1
10
25%
8
8%.
70.
70
70/
25%
7%
14
.
500,
7,800
7
127% Mar
12,50
23%
5%
99% Mar 21
25% Jan
65%
*100%
24 Yb May
Westvaco Chlorine Prod—No Par
108%
*63
Jan
July
67%
*
15%
40
108%
66%
Dec
24% Mar 13
3
100
*63
108%
*63
Oct
24%
136
108
*108
493/4
Nov
Jan
28%
66
Jan
371/8 Oct
22
Jan
28%
108%.
Apr
53/8
14
Mar 22
50% Mar 22
29% Mar 22
Jan
28%
6b
3
10
Feb
31
28%
*108
11%
Sep
81
28
28
7% Jan
Wsstinghouse El & Mig———_50
1st partic preferred—50
96%
130%,
*33%
Apr
120
130
96%
130%
34
Dec
6i/a
22% Jan 20
■•*41
No par
400
96
130
34
31%
25
34%
96
Jan
2i/4 Jan
Mar 16
34%
130
19
5% Mar 22
35
*128%
35
/
Jan
133
130
*34%
35
110
103
4
95%
*128%
35
96
Jun
163/4 Oct
,
8
98
130
*34%
129
119
Jan
Jan
97%
*128%
95%
873/4 Oct
Jan
ll3/4 Jan
"
27%
*34
6
5
.
109
14
27% Feb
Auto
57
96% Mar 23
Mar 28
16 y4 Jan
48
128%
26% July
793/4 Nov
Jan
16
13%
97%
Jan
Jan
28%
130
Jan
Jan
Mar
114
Class B——_—
21/2
8%
24
48%
4,100
July
8i/s July
96% Feb
Supply Co—
10
Maryland Ry
100
-4% non-cum 2nd preferred
100
Western Union Teleg class A-N'o par
11,600
26
8
9
Western
'
Apr
17 Ya
Mar 27
———100
preferred—
Jan
69
8% Mar 22
82
_100
-100
No par
pfd
323/e
Dec
17% Jan
24% Mar 17
6
83
100
.
4%%
6
18% Feb
West Indies Sugar Corp—
1
West PenfrEJectriC class A—No par
7 %
23
153/4 July
7% Jan
22
24% Mar 22
Jan
77
13%
97%
July
3
6% Jan
22% Jan 26
—No
28
97%
Mar 13
par-
Eisenlohr^_
107
--
14
May
2% Mar
56
Jan
Sep
*106%
-
13
26
Dec
West Penn Power
-
Jan
% Jan
11
Mar 31
27% Mar 16
Jan
47%
,v
1% Jan
fcO
23
West Va Pulp & Pap Co.
'4%
4%
11% Mar 31
9
27
—1
530
29
27
Jan
231/s
200
4%
Jan
1% Feb
Jan
20%
170
28%
8
Oct
4%
9% Mar 17
3
15% Jan
130
4%
7% Jan
par
18% May
93/4 jun
121/2
19
28%
15% Jan
5
7
93%
4%
Feb
4
114%
28%
18
% Jan
*18%
4%
17% Jan 12
19% Jan
*92%
28%
par
1
*113%
4%
54%
16% Mar 28
92%
28%
5
July
Jun
38% Jan
22% Feb
18 %
29%
28
28 Ye
109
Feb
Mar 31
3
11414
106%
103
53
14
92%
106%
19
4
Feb
11% Jan
$4 conv preferred
100
85%
106% Jan
40'/e Dec
113/8 May
Jan
48
45
Pictures——
*113%
18%
106%
105% Mar 27
—50
18%
114%
*18
100
7%
par
No par
No par
„
Wesson Oil & Snowdrift.
13,800
101
*99%
20% Jan
22% Feb
100
22%
24% Jan
12% Mar 8
27% Feb 11
Jan
—5
Bros
Webster
1,800
84
22%
59% Mar 13
——
19,900
23%
*82 V
.
101
101
94
81/4
23%
8%
8
23%
*81
;
22%
*85%
100
114%
114
19
*18%
19%
8%
21%
22%
86
86
86
991/4
8
23%
*81%
3
10% Jan 19
26% Jan 13
Wayne Pump Co——
1,000
8%
40
par
Fdy & Pipe_j
—No par
Washington Gas Lt Co——-No par
Waukesha Motor Co
*__5
400
17%
23%
No
100
par
Warren
17
25%
;
preferrtd
23,700
12%
12%
$7
5,200
22%
*82
RR 4y2%
preferred
Waldorf System
No
Walgreen Co——
—No
4 % % preferred
Walker (Hiram) G & W
No
Div redeem preferred—
No
49%
*9
1%
50
52
11%
*105
49
49
9%"
1%
49%
50
108%
*105
Wabash
51
.
923,569,800
Domestic—
.
Foreign government——.
Foreign corporate
1,054,101,800
$3,717,000
Total—
$952,428,150 $1,090,104,450
f\
■.
Stock and Bond Averages
Below
listed
on
are
the daily closing averages
of representative stocks and bonds
the New York Stock Exchange as compiled by Dow,
10
30
25
March
28
-
27
March
March
29
March
-
-
30——
March
31——.
-
_
_
-
Rail¬
trials
DateMarch
20
Indus¬
*
roads
Jones & Co.:
-Bonds-
-StocksIB
Utili¬
10
Total1
10
First
Second
10
65
Indus¬
Grade
Grade
mmties
ties
Stock!
23.46
50.25
trial!
Ralls
Ralls
107.13
Total
40
Bonds
106.03
77.10
110.61
100.22
139,12
39.99
23,35
50.16
107.05
106.04
77.11,
110.61
100.21
137.88
39.21
23.08
49.57
106.99
106.05
76.69
110.55
100.07
105.99
76.20
110.56
99.94
106.01
76.83
110.71
100.14
106.17
77.15
110.89
100.30
139.19
40.13
137.45
39.14
23.02
49.44
107.01
138.60
39.50
23.20
49.86
106.99
138.84
39.54
23.11
49.90
106.99
■■
'•
2,629,000
131,000
,y-'
■/:/
—
—
*
THE COMMERCIAL &
1368
Bond Record
Prices
notice
interest"—except for income and
"and
are
letters in the column
S.
3 %s
Tre»
3'As
3VbS
3^*8.
3s
3s
2%s
2%s—
2%s
2%s—
2%s
2%s
2%s
2% 8
2'As^w.
2'/2s_
2%s_
try
<
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
1948-1951
Treasury
>.
—
111.12
103.9
f $
s
*106.26 106.28
*107.13 107.15
US
MS
*103.21 103.23
100.4
100.5
J-D
*100.17 100.19
100.14
100.17
3-D
*100.5
100.7
100
100.5
A Costa
„_June 1964-1969
Dec. 1964-1969
J-D
Cuba
----
100.5
17
100
100.5
100.3
100.5
20
100
100.6
MS
100.5
100.4
100.7
30
US
100.14
100.14 100.14
3-D
*102.2
1954-1950
J-D
1956-1959
1947
Mar 1948-1950
Dec 1948-1950
—Jun 1949-1951
Sep 1949-1951
—Dec 1949-1951
March 1950-1952
Sept 1950-1952
1951-1953
—1951-1955
1953-1955
June 15 1948
—
2s
Treasury l%s
Federal Farm Mortgage Corp—
1044-1949
3K
1944-1952
1945-1947
3s series A
series M
York
New
100.3
3-D
*104.21 104,23
J-J
US
*100.26 100.28
us
100.11 100.12
;
J-D
11
100.5
100.17
,
101.5
—
M-N
'100.6
J-D
'101.1
100.16
__
100.24
—1980
Corporate Stock
108%
92
110%
sink
sink
4s—__1968
(Dept) coll 7s A
1945
(King of Norway)
Akershus
to
to
AAntioqula
A External
19%
-17
19%
3-J
*17%
19%
17
19%
J-J
*17%
19%
17
19
J-J
*17%
19%
17
19%
1957
A-0
*17%
19%
External
s
f 7s series D
A
External
s
f 7s
A
External
sec
s
f 7s 2d series—1957
A-0
*17%
18%
16%
a
External sec
s
f 7s 3rd series__1957
A-0
*17%
19
16%
18%
J-D
*571/8
60
567/a
59%
-98%
100%
f
S
conv
loan 4'/2s
8
f extt conv loan 4s Feb
8
f extl conv loan 4s Apr
(Commonw'lth)
Australia
External
5sof '25.1555
—1957
1927
of
5s
1928——___1956
Belgium external 6'/2s
1949
External g 4'/2s of
M-N
92%
92%
92%
23
92
94%
84%
84%
66
82%
86'/a
84%
84%
84%
22
82%
86
J-J
937/8
93%
94%
13
92
94%
M-S
93%
93%
94
11
92
94%
M-N
89%
IA Brazil (U S of) external 8s__—1941
A External s f 6'/2s of 1926
1957
J-D
58%
A External
Brisbane
.....
(City)
s
f 5s
_.
Sinking fund gold 6s
Buenos Aires (Province of)—
A 6s
s
external
Canada
(Dom
102
58%
100%
101
102%
59%
76
50
57
45
56'/4
57
51
58%
58%
58%
28
95
95
100
100
F-A
J-D
95%
MS
95
MS
A-O
1975
M-N
1984
J-J
30-yr 4a
1980
a-0
110
106
75%
75%
5
92
96
6
92
1
95%
95
96
"
96
100
95
16
•
75%
'
81
85-/'
'82
A-O
567
!
•
m-N
99%
99%
22
*12%;. -16%
16%
22
14
95
91%
95
7
11 %
*10
y
Q-J
*17
'V. z'"
'
17
14%
n% r10%
;
10%
«
*13
J-J
—••
18%
18%
17
16%
16Va
20
32
35%
18
32
35%
w
92
92
89
89
Z-w''-
;
v
13
'
'
35%
35
35%
1958
1944
F-A
Is.
A
f
5s
external
6s
fund
4%s
34%
4%s
1965
1963
,
35%
'
•
•
'
sink fund gold 8s
A4%s assented
(City of)
8s
1950
1963
1961
(State of)—
extl loan of 1921
external sink fund gold
A 7s external loan
of 1926
municipal loan
Santa Fe external sink fund 4s
95%
M-N
F-A
;...
95 %
98
";.j 4
98
97
94
—*
2
94
'
„
•
u
93
4
'
72
*87
'•'#»A)•
*81
''
72%
89%
73%
55
50
*52%
4
109% 110—
-
80%
54%
108%
3%s
1961
J-J
105% 106
6
104 %
91
91%
12
88%
91%
104% 104%
1
104%
105%
1
1
31% * 36%
16%.-x 20%
36%
36%
17%
18%
18
17%
17%
30
16%
17%
51
17
17
*19
„
*17%
3s
102% 102%
5
101%
103%
3s
1967
1968
J-J
30-year
M-N
102% 102%
5
101%
103
J-J
102 % 1021/4
9
102%
17%
n%;
__
20
19%
27
24%
23
14
17%
19%
.34
,12
39%
39%
2
36
39%
37%
37%.
3
34
37%
27
103%
104
101%
50%
•38%
3*4
••
100 vb
6
34'a
62
30
\
9
39
,42%
33%
-
"t,
AChile
(Rep)
1953
15
1958
8s
A 6s
A Extl
A 6s
1942
assented
a
8s
A 6s
M-n
M-N
17%
1980
f 7s
13
104% 104%
a-0
*19%
1980
a
sinking fund 6s
a-0
*27
29
*18
•——'
20
;
18
8
17%
—
18
17%
18
19%
16%
19
18%
—
19
18
34%
14
38%
20
37%
37%
3
34
83%
83%
6
81%
;2934%
34
Institutions
19%
~
SECURITIES
FIRM TRADING MARKETS
r.ARL MARKS & no. INC.
Feb
1901
F-A
18%
18%
3
17%
18%
assented
Feb
1981
F-A
17%
18%
35
16%
■
1981
J-J
18%
18%
1
17%
19%
Jan
1961
j-j
17'a
18
30
16%
19
Sep
1901
M-S
18%
18%
FOREIGN SECURITIES SPECIALISTS
19%
Jan
s
f 6s
assented
sinking fund 6s
assented
A External
Sep
H>«1
a-0
a-0
17%
"
M-S
1982
1962
sinking fund 6s
—.
17%
*
17%
12
20
——
-4
'
16%
19
19
19
17%
19%
'
A 6s assented
*v>r footnotes
see
page
1772.
—
•
17%
17%
'•/ 7
50 Broad St., New York 4, N. Y.
Telephone HAnover 2-0050
38%
,
19%
17
34%
r.
.
28
sinking fund 6s
AWv external
A Extl
*103% 104%
J-J
J-J
1942
External
^7a assented
A External
J-J
1954
39%
36%
-•
103
35
33%
„
50 y2
17
38%
38%
J-D
FOREIGN
19%
101% 101%
101%
104%
(City)
15
Jan
3s
1948
Jan
3a
A Carlsbad
15
27
,
42%-
For Financial
17%
39%
42
M-S
20
12%-,19%
A-0
j-d
M-N
^
20
r-
*24%
103%
Jan
2%b
,7
/
106
30-year
90
90
110
25-year
85
87
90
80
79
..
95
83
~
80
73%
.
97
.
81%
76
76
98%
96
94
95
76%
100
98
7
^
96
^
100
'
A-0
F-A
1940
1968
1960
97
93%
100%
97
94
F-A_
J-D
A-O
M-N
M-N
3-D
M-S
M-S
M-S
v
1967
1964
95%
100
J-J
1960
loan 7%s
93%
'
A-0
A-O
A-J2'
A-0
J-J
J-J
J-D
1947
1968
A4%s assented
93%
J-D
A-0
1940
1958
(Rep of) gold 6s
A4'/2s assented
:
A Stabilization loan s f 7s
IA Poland
93%
M-S
A-O
1956
fund
extl loan
1970
Oslo (City) sink fund 4%s
1955
A Panama
(Rep) extl s f 5s ser A.1963
A Stamped assented 5s
1963
Stamp mod 3%s ext to
1994
Ext sec ref 3%s series B
1967
APernambuco (State of) 7s
1947
A Peru (Rep of) external 7s
1959
ANat loan extl s f 6s 1st ser
1960
ANat Loan extl s f 6s 2d ser
1961
A 7s
13%
(State)—
f 58—
sink fund
A6s
10%
15%
;
*16
1933
agree
F-A
A-0
A 8s
9%
14%
25
17
1957
s
Wales
AExternal
11%
16
93
AExternal
'
ii ya
:
2
*14%
*88
s
17%
14% •14%
"
•'■■•■ 1
;•
*13
■
agree
M-N
s
10%
■—
■
11%
J-J
41%
.
10%
,
.IB—-
14%
- J-D
95
Zn%
'MM
*17% ''■emm-
89%
\'
*
Q-J
62%
99%
98% '
3
21
1959
South
62%
3
16%! 16%
22
*
hi.-
19%
A-O
Rio Grande do Sul
79
79
1942,
16%
19%
■
agree
57
75
-
1942,
■
20%
20%
>
'
,
102
*8%
1945
-
57
96
99%; 99%
101%
102
20%
.
agree
58%
100
'
/'
90
100
series
34%
*101%
agree
49%
47%
.
w
59%
34
u
M-S
92%
34%
90
tv
47%
*
i*30
,
102
APrague (City of Greater) 7%s—1952
Queensland (State) extl 6s—
1947
A Rio de Janeiro
(City of) 8s
1948
A Extl sec 6%s
1
1953
76'/a
F-A
5,
92
84
15
90
89
*90
Aporto Alegre
101
56 V*
56%
1942,
of 1913 assent..
Nov.
85
92%
*89
*87%
; J-D
1954
5,
74%
90
*88
J-D
V 90%
100% 101
88
~1
102
56%
M-S
;
'
A-0
1977
of)
1
A-0
t $ bonds
t
101 ~
*'100% 102
102
1970
1978
f 4%-4%s
Refunding 8 f 4%-4'/28
External readj 4%-4%s___
External s f 4'/2-4%s
3%
"
J-D
1961
stamped
External
42
1957
Ry)
Sinking fund gold 5s
90
1952
1957
1958
1950
f 6'/2s of 1927
s
(Central
A7s
—
89%
101
J-D
f 7s
'
M-S
J-J
f 6s
s
38
18%
843V
1955
s
External
99%
19
F-A
1955
External
16%
A-O
~
•
Municipal Bank extl s f 5s
_
99%
A-0
67%
86'%
MS
M-S
sink
99%
A-O
1943
1942,
5,
,
*88
1952
sink
M-N
4
73
M-8
1959
43
1945
1945
1945
1948
1971
1972
1972
78%
74%
A-O
1958
External
f 7s series B
f external 4'/2s
.71%
f 6%s
External
f 7s series C
8
1942,
1910-
(City)
54%
s
Argentine
6
Sec external s f 6%s
54%
*18
1958
(National Government)—
77
77
(Siate)—
50%
j-j
(City) external 5s
5,
Nov.
to
53
s
Antwerp
77
1945
Nov.
to
*54
A
A
F-A
__;.S80
5,
Nov.
to
*54
External
series
80%
1952
1960
1899
4s of
Montevideo
New
A
1st
62
69
,
4s of 1904
A-O
~
59'%
10
6%s
Nov.
of
5s
AAssenung
A 6s
*63%
v
extl 5s of 1899 £
(US)
F-A
M-S
10
79
(State Mtge Bk)
(Colombia)
Assented
Norway
1947
1948
fund 6s
-
Free State extl s f 5s
ASec external
(Colombia)—
tund 6s
AGtd
62
1964
__1968
SATreasurv 6s
1-1693
60
78
1949
.1949
s f 0s series A
(City) extl 6%s
V AAssented
NY
A-O
1940
(Republic)
Jugoslavia
61%
59%
j-j
1940
5%s
;
9
61%
1942
,
AAssented
New York
60
1955
paid
paid
AAssenting
T eletype
149
A-O
7s___l,)57u;
-A-O
__1954
> J-D
Mendoza (Prov) 4s readjusted
1954
J-D
Mexican Irrigation—
,
"
A4%s stamped assented
„_..1943
\ M-N
A
112%
'148% 149%
139%
1952
1926
■
45
106%
104%
1962
Government—
AMedellln
•»
106
1942
.
unstamped
AAssented
' -i
Municipal
Mtge Bank
AGld
(Rep of) 8s ser A_1951
1945
External
Agricultural
107'%
(Republic) extj 6s
External
&
100%
106
'110
3-J
part
A
Govt.
104'%
1967
Haiti
Wertheim & Co.
Foreign
103%
7s
part
27
103%
sink fund
Mlnas Gerties
Broadway,
21
104%
5%s
AAssented
120
14,
'103% 108
(Republic of)
A7s
Foreign Securities
2-2300
27
A-O
7s
.4
c
REctor
26
'104%
20-year extl 6s
AAssentlntr
Telephone
M-N
1969
A
York Stock Exchange
65
M-S
A Mexico
Members New
57%
A-O
Helsingfors
101.3
el 09'A 110%
24
1969
Irish
109%
65
1961
A Estonia
100.28
'
J-D
67
63
5%s 2d series
A
•
59%
5%s 1st series
,
36
9
67
M-S
Customs Admin 5%s 2d series
.
101.11
100.28
„
37
36
F-A
gold 4%s
A 6s
*100.9
37
34
40
M-N
_1949
5%6
gold
External
Greek
M-N
34
*36
63%
__1949
French Republic 7s stamped
101.7
*101.5
45%
1951
7s
lADominican Rep Cust Ad 5%s
Finland
*105.10 105.12
3-D
wks
Czechoslovakia
100.28
*100.18 100.20
J-D
101.6
__
63%
39%.
debt
external
iA Denmark
101.8
100.21
101.5
*101.3
US
57%
4%s
loan
§A2d series
101.8
„
57%
2
83
J-D
101.6
MS
(Rep of)
§ A 1st series 5%s of
*101.10 101.12
2
45%
J-J
*101.13 101.15
3-D
63%
63%
■:
J-D
104.8
17%
20%
67
1945
104.8.
—
15'%
66%
1953
*101.18 101.20
16% "16%
20
:
15
16%
63%
J-D
1977
10T3110T31
::
IS'A
18%
118.
..63%
45% ......45%
1952
1953
(Republic of) 5s of 1914
External
*101.31 102.1
18%
17%
16%
.
,Vi20 ' "
*36
APublic
100.6
'3
'
*35
4%s
100.2
*18
M-N
Sinking fund 5%s
104.9
*104.7
M-S
*
F-A
ASinking fund 8s series B
13
100.6
J-D
Rica
1946
100.7
A
15%
•
__J947
106.9
City
Issue—
Transit Unification
" A-O
i
100.17
Loan Corp—
Home Owners'
1947
18'A
.
16'%
23
17%
;
Z
—
63%
100.1
*107.10 107.12
MS
Mtge Bank 6%s
External
102.4
18%
16
17%
A-O
100.9
*106.23 106.25
J-3
19
18%
16
~3
17%
Z,16%..17%
j-j
1970
106.9
>
36%
A-0
1901
Sinking fund 7s of 1926
ASinking fund 7s of 1927
100.5
1965-1970
1967-1972
1951-1953
————.—1952-1955
—
1961
A
100.4
J-D
16%
Z
J-D
Copenhagen (City) 5s
25-year gold 4%s
AColombla
104.4
V
173%
M-S
bonds
M-S
*104.2
; -10
17%
16%
_
l06T6 106T8
*
M-S
Oct
1927
1963-1968
—
1960
1928
of
external
3-D
.
—
at-n
Jan
of
AGs
*106,21 106.23
IZ
17
17
17
.
3f-N
1951
5s
High
16%
8
(Republic of)—
Abo
3s
18
17%
J-D
1960
(Hukuang Ry)
Colombia
112.6-
103.9
II
*103.10 103.12
Munlc 7s
A7s assented—'
AChinese
"111.9 *111.11
l
'
3-D
A Chilean Cons
.1962-1967
2s
Treasury 2s
Treasury 2s
3%
109.12
111.11
*111.15 111.17
.3-D
106.24
,1956-1958
Treasury 2s
1%6
*111.9
1
Low
1
1
'
1962
.1950-1952
Treasury
Treasury
__
111,11
J-D
1962
assented
A 6s
.1949-1953
2s—
26
Treasury
Treasury
J-D
*111.9
106.24
5
109.12 109.12
•>
109.3
•
,•*106.25 106.27
-w
AGuaranteed sink fund 6s
103.11
U-S
.__1948
2s
2s
Treasury
US
4—
m.
A-O
January 1
no.
A-O
1961
a68 assented
j-d
Range since
Sold
High.
J-D
1961
Bonds
Friday's
*19
m-N
1901
6%s
fund
A6%s assented
112.5
vl03.ll
5
103.7
*103.5
J-D
1956-1959
__
US
1951-1954
111.20
*111.29 111.31
U-S
Sinking
nTe" uTio
II
or
M-N
1957
1957
1961
Bank 6%s
AGuaranteed sink fund 6s
111.9
*111.7
MS
A
100.19
*104.28 104.30
„
1963
A6%s assented
105.18
100.19
Week's Range
Last
Sale Price'Bid & Asked
Low
1963
AChile Mortgage
100.25
105.4
1
—
Period
A6s assented
105.27 106.9
100.11
>■*.
105.4
105.4
US
,_1945-1947
•
*110.16 110.18
J-D
._1955-190O
Treasury 2s
Treasury 2s
*100.2
*
J-D
._1951-1955
2 'As
Treasury
—
A-O
102.29
.1952-1954
2'/2s
2'/2s
2%s
2%s
2'/2s
2'As
2 'As
2'As
Treasury
*105.27 105.29
MS
Interest
i
31
(Rep) (Continued)—
^External sinking fund 6s
111.23
102.28
—
,_1940-1948
Treasury 2'/2s
Treasury
*102.19 102.21
3-D
2'/2s
2'/2s
Treasury
3-D
Friday
March
Ended
Chile
High
111.14
*111.14 111.16
._1949-1952
1958-1963
—1960-1965
1045
Low
No.
High
Week
Exchange
Stock
New York
Range since
January 1
Sold
A-O
,
Cash\fc$d deferred dellrerjr sales are disregarded in the week's range, nnless they are the only transactions of
In the^week in which they occur. No account Is taken of such sales in computing the range for the year.
the month when the bonds mature.
BONDS
Bonds
Friday's
Low
1947-1953
1944-1954
1946-1950
__ 1944-1940
—1946-1949
4s
Treasury
or
Sale Price Bid & Asked
Period
Government
Treasury 4'As
Treasury
Last
Interest
Stock Exchange
Week Ended March 81
YEARLY
-
Week's Range
Friday
BONDS
U.
defaulted bonds.
weekly range are shown in a footnote
headed "Interest Period" indicate in each case
New York
WEEKLY
-
when outside of the regular
italic
The
Monday, April 3, 194;.
New York Stock
<o>
FRIDAY
the week, and
FINANCIAL CHRONICLE
Teletype N. Y. 1-971
37y4
8.3%
t
i
i'
V
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4269
159
/
1369
NEW YORK BOND RECORD
BONDS
New
York
Week
Stock
Ended
Friday
31
Week's Range
Last
Interest
Exchange
March
Period
or
Bonds
Friday's
Low
A Sao
Paulo
lASan
Paulo
external
a 7s
extl
water
a 6s
extl
dollar loan
8 a Secured
8erbs
a
series
7s
7s
34'A
j-j
38'A
44
-
sec
extl
of)
extl
*
m-S
j-j
-1-
*42
—
44
44
39
44
44
33
35 %
30
35'/a
60%
61'A
56 Va
61'A
14'A
16'A
113A
16'/a
14%
15
98
12
15'A
17%
25
11
17%
35'/8
a-o
m-n
16 Ve
44
121
14%
j-d
*13'A
17
10
Circular
f-a
94'/a
95
91
1940
f-a
Members
95
91
—,1960
m-l?
1964
m-n
*87
61
1979
m-n
1979
conversion
m-n
*56
65 Ye
69
71. V
1978
j-d
*62
64
4-4V4-4%8 extl readjustment
1978
F-A
70
70
3%s extl readjustment
1984
J-J
62
62
1958
F-a
13%
17
10 *
13'A
10
3%-4Ve-4ft
A Warsaw
extl
conv
(City) external 7s—
A4%a assented—
1958
_
Railroad and Industrial
.1953
A Stamped
1953
Adams Express coll tr gold 4s
1948
Coll trust 48 of 1907------1947
.
10-year deb 4 Vis stamped
Great
Alabama
Power
Southern
1st
with
62
,
.-1946
J-D
70%
M-S
17
4.
'
J-D
109
104V4
100'A
Guaranteed
5s
5s
102%
89 3A
93%
891/2
A-O
*102
100%
A-O
4-0
101
A-O
99
Alleghany Si West 1st gtd 4s
1998
'A-O
Allied
1951
F-A
1952
MS
2030
M-3
Stores
Am
&
4'/2S debs
Corp
Allis-Chalmers
Mfg conv
4s
Foreign Pow deb 5s
G Chem conv 5%s
Amer I
Called
bonds
Internat
Am
American
—1949
98%
101
5%s
conv
67
91
101
87
99%
67
76
~5
104'A.
-
ft 104'A
19
104-ft
113
108% 109 Va
117'/a
1962
A-O
104
Wks & Elec 6s series A—1975
M-N
2
F-A
113%
Atl
&
Nor
117'A
68
23
105'A
J-D
—1955
J-D
1960
J-D
*102
1958
J-J
J-D
J-J
1
110 al2
110'/a
62
118 %
General
&
1944
1963
4s_.—July 1952
cons
unified
4'As
106'A
109
25
106'A
108'A
110'A
109'A
Oct
Atlantic & Danville Ry 1st 4s
Second
Atlantic
4s
mortgage
Refining deb 3s_
109
M-N
107
107
Ohio
&
107%
*110
110'A 110'A
J-J
M-N
•,105'A
J-D
M-N
98%
■*97
82%
M-S
1952
1948
1948
1953
July 1948
Ref
&
gen
ser
1
Dec
to
Ref &
81
>Ift
105'A
90%
(ill":
98'A
12
98%
113
Ref &
;'f-COS
gen
gep 1
ser
1946)
165
83
42%
36
89%
30
36
100'A
43
37
36%
33%
3
105 '
16
105% 105'A
83'A
69
.
348
105 %
A-O
87%
85%
87%
•
264* *
•
70%
\rr <*.
87%
V'
(int at 1% to
due
2000
F (int at 1% to
due
—1996
Feb 1 1960
90'A
114
/ 73 Va
90'A
41%
51%
51'A
48%
51'A
814
J-D
55%
54'A
55%
219
46%
57%
M-S
51
48'A
51
341
41
51%
M-3
51
48%
51
389
41'A
51%
F-A
38%
36%
39'A
1,049
M-N
80'A
77
80'A
242
31'A
41
64
80'A
68'A
66
68%
J-J
77'A
72
77'A-
1951
stamped—
J-J
J-J
54
77'A
82'A
83
1st gtd 3s—1989
Beech Creek Extension 1st 3'As
1951
Battle Creek & Sturgis
J-D
83'A
23
74
83'A
83'A
22
73'A
83'A
49'A
49'A
98%
99'A
*50
*99'A
A-O
Bell Telephone of
A-O
128'A
128 »/2 128%
17
128
129%
Benelicial
Pa 5s series C—-I960
Indus Loan 2'As
—1950
J-D
100%
100% 100%
1
100'A
100%
;—1956
1952
A-O
100'A 100'A
6
100
101
A-O
105'A 105'A
1
104'A
106
J-J
105'A 105'A
2
105%
105%
F-A
102% 103 'A i
9
101%
103'A
23As
debentures
Beth Steel 3'As conv debs
Con sol mtge
3'As series F
Consol
mtge 3s series G
Consol
mtge 3'As series H
Big Sandy 1st mtge 4s
Boston & Maine 1st 5s A C
1st
M
1967
1955
series II
5s
1959
1960
1965
1944
1961
mtge 4s series RR
1960
A Inc mtge 4 (As ser A———July 1970
{AEoston & N Y Air L 1st 4s
1955
Bklyn Edison cons M 3'As
1966
Bklyn Union El 1st gold 5s
.—1950
Bklyn Union Gas 1st cons gold 5s_1945
1st
gold 43As series JJ
1st
1st
lien
1947
& ref 6s series A
Debenture
—1950
gold 5s—
1957
1981
series C—1967
Buffalo Rochester & Pgh Ry—
Stamped
modified
(interest
at
3% to 1946) due
1957
1st lien Si ref 5s series B
Buffalo Gen Elec 4'As B
Buffalo
Niag Elec 3'As
{Burlington Cedar Rap Si Nor—
5 A 1st & coll 5s
A
Certificates
of
^A
F-A
5s
Bush Term Bldgs 5s gtd
■
.
Power
3'As
22
104%
~1
92%
106
96%
footnotes
see
page
87'A
87'A
25
60'A
58%
60'A
141
56
58'A
56
M-N
108% 109
k
F-A
Jf-N
104 Va
-
83%
52%
89%
62'/a
104
41%
58%
8
108'A
109%
102 '/a
103'A 104'A
119
103
104%
66
108
M-S
100
IO2V2
96%
168
100 Va
74
88%
75
78'/s
IOOV4 100%
79%
100
10
135'/4 135%
100%
30%
108'A
6
88%
86'/4
*76
35%
107 Va
/ V '6
101%'
.'
-
M-S
1996
M-N
1996
F-A
1989
132%
135%
j-j
1st cons
gold 4s
2d consol gold 4s
3'As
4s
registered
Division
:
4s
106(4
107%
1061/2
108
6
121%
122%
120
120
*120
122
29%
"102'/a 103 "
j-j
25
271/a
*100%
j-J
1949
21%
884
29V4
1949
—
41
20
122% 122%
j-j
A-O
1949
registered
107'/8 107%
"107% 107%
107'A
j-j
1989
Illinois division 3%s
100%
__
103
100%
104% 105%
51
103
103
105%
1949
30'A
102
20
103
90
98
103
105%
=,
.
103
.
1958
M-S
104 Va
1st & ref 4'As series B__
1977
F-A
92 Va
91'A
92'/a
100
84%
94%
F-A
98%
98
98%
98
92%
99%
J-J
62'/4
61
63
184
48%
63%
125%
126%
J 1st & ref 5s series A
1971
rj&.-
i
103'A 104 Va
104Vb
Chicago & Eastern 111 RR—
A Gen
mtge Inc
(conv)
1997
Chicago Si Erie 1st gold 5s
Chicago Gt West 1st 4s series A
A Gen
inc
{Chicago
&
,-1982
A
1st
85%
87
49
j-j
52%
52%
55%
51
47
60%
—1947
j-j
69
69%
8
50
71
86
1947
j-j
66
63
66
1947
j-j
61%
61
62
1966
B
M-N
12'/b
11%
12%
1st & gen
5s series A
gen
—
86
76%
87
Ry—
A____
ser
*126%
j-j
_2038
Louisville
&
M-N
1988
mtge 4%s.
Ind
ARefunding 6s
6s series B_—May 1960
Chicago Ind & Sou 50-year 4s
1956
47%
67
71
45
63
'V
69
10%
47
10%
14%
87
96%
j-j
13
13%:..;.
j-j
94%
94%
1
14'A
4s series A
May 11989
gold 3'As series B__May 11989
4'As series C
May 11989
J-J
76
75%
76
45
69%
78
j-j
83%
83
84%
225
76%
86 Va
AGen
4'As
series
E
May 1 1989
j-j
83%
83'A
84%
98
76%
86%
4%s
series
F
May 1 1989
j-j
AGen
112
111
112'A
102
101'/a
102
107
M-N
104%
104'/a 105
24
104
107
F-A
112'A
112'A 112'A
3
111%
112%
J-D
109%
109% 109%
1
109
109%
55
53
94%
102
55
183
44%
56
79
a-o
88%
186
21%
29
26%
27'/4
93
—
28
93
89%
93
78'A
80%
20
69
82
87 V.
88%
16
86
11
3
28
21
"
89
A-O
103'A
AOonv
adjustment
3'As
3
99
2
99'A
20
99
10). %
109
95%
103'A
109%
100
83%
85
86
37
77%
87%
55Vs
59
1.829
45%
59%
Jan 1 2000
5s
A-O
16%
15'A
17%
1,891
4s
AGen
4%s stpd
Fed inc tax
5$
ii
.11%
.
1.1".
75%
76%
76
M-N
1,8
77
76
64
-vJtiuW) 65%
11?* ifj.n:65 V2
78
77%
78
M-N
79 'A
78
79%
34 vxroo
M-N
76%
76%
30 vrttw 67'A
77%
96
M-N
671/4
79
67 %
80
94%
95
29 vtjO 81
59%
58%
59%
45)
j-d
59
58%
59
46'
j-d
59
59
59'/4
1949
M-N
14%
14
15%
1989
j-j
102 y4
2nd mtge conv income 4'As w i—1999
j-j
67%
ref
gold 5s
ref
4'As
A 1st
&
ref
25<&
May 1 2037
May 1 2037
stpd
C
May 1 2037
4%s series A
mtge 4s ser A w i
Railways
{BAChicago
'.
101% 1021/4
67
68
50
61%
49%
61
24
49'A
60%
648
11%
17%
189
101%
103%
1,109
'65%
68%
r
fr
stpd
5s
1st
nniri
part
77
M-N
j-d
&
&
& gen
76
1987
1936
A 1st
1st
78
■
1987
A 1st
A Conv
:75%
28?liO» 65(4
.
76%
76%
1987
stpd Fed inc tax
,A4%s stamped
8 ASecured 6'As
4'As
17%
.
46.'*, ir 64
76%
M-N
1987
Fed inc tax
74
76'/a
M-N
1987
p
76%
M-N
1987
-
n
M-N
1987
registered
AStpd 4s
»■
-
1987
4s
.«
'
T
registered
AGeneral
/
■
'.
»
1927
F-A
t
.
__
73
.
.
73
10
74
? .73
314
r -
81
{Chicago Rock Island & Pacific Ry—
AGeneral
A
4s
——1988
—
Certificates
fiARefunding
of
j-j
73Va
A-O
43%
-
72
gold 4s
1934
1952
M-S
1960
M-N
9%
Chicago St L & New Orleans 5s
1951
j-d
1951
j-d
„
3'As
Memphis Div 1st gold 4s_
1951
1st 5s_—1960
Chic T H & Southeastern
guaranteed 5s
A Certificates of deposit
Income
Dec 1 1960
Chicago Union Station—
1st mtge 3%s series E
72
61%
75
68
45 V»
39(4
767
72%
36'A
6
44
47
48%
gold 4 %s—
Gold
72
41%
deposit
AConv
511/4
49%
212
9%
-
IOV4
253
8%
93%
93%
1
90'A
95
—
84
89
6
*73
U
11%
64%
79
j-d
83%
83%
9
72%
84%
M-S
73%
74%
32
59%
77
j-d
77
79
*__
79
59
54
74
109
741/2
109% 110
104% 105
110
110
1963
19«3
j-j
102%
105
1952
j-j
106
105'/4 106
42
104
106
19M
m-S
105
105
105 %
42
104%
105%
—1943
a-o
71
71
74%
31
55
—1957
a-o
71%
69%
74
42
53
1952
m-n
1966
f-a
—1967
Cin Union Term 1st gtd 3%s D—1971
1st mtge gtd 3%s series. E
1969
j-d
mtge 3%s series F—
1st
Chic & West Indiana
k
ref 4V4S
com
4s
series D
deb 5s
§ADebenture 5s
Gas
Cincinnati
1st
& Elec
3V»s
mtge 3'As
Cleve Cin
Chic & St Louis
General
109%. 109%
A-O
A-O
103'A 103'A
741/4
266
81%
57'/4
{Chicago & North Western Ry—
AGeneral gold 3'As
1st
27%
a-o
80 'A
F-A
{AChoctaw Ok & Gulf cons 5s
j-j
80%
1975
Mtge gold 5s series A
{SAChilds Co
m-n
j-j
{Chic Milw St Paul & Pac RR—
112'A
M-N
J-D
a-o
1968
1372.
87'/a
8ASecured 4'As series A
103 Va
101
2
*92
87%
1934
California-Oregon Power 4s——1966
Canada Southern cons gtd 5s A
1962
For
100'A
100
f-a
1946
Cin
St
Wab k M Div
L Div
Cleveland
68%
4
—
..
59%
74%
74
70
108% 108%
110%
—
108%
109%
1
110
111%
110% 110%
,111%
3
111% 111%
,
f-a
1st 4s
j-d
—1993
3s
*67
a:-n
1993
1st coll tr gold 4s
Elec Ilium
.104%
j-j
5
109%
HO'/.
112 V.
112'A
*112 'A
—
Ry—
gold 4s
Ref & impt 4%s series E
Elec
A-O
M-N
1992
General 5s series B
California
37%
26%
134
,
96
103 Ve 103%
A-O
M-N
103
_
96
M-N
J-J
105'A
*
M-S
1952
1955
1960
.Consolidated
105
105'A
J-D
deposit—
Bush Terminal 1st 4s
39%
29'%
101% 102%
68%
56%
191
82%
83'A
—1951
ref 4s
30
34%
ref
AGen
57
& Aroostook RR—
4s
3%s
92
1021/4
A
J-J
Con
'''
34%
112
83%
f-a
AGen
87%
90'A
1959
gold 4s
Toledo Cin Div ref 4s A
Bangor
j-j
111%
AGen
A-O
J-D
extended to_.—1951
S'west Div 1st M (int at 3%%
to Jan 1 1947) due
—1950
Ref
30%
2
58
112
{Chicago Milwaukee 61 St Paul—
D
due
A Conv
9L
26
4
27
'
16%
•-AGen
to
—1995
1995
due
26
112
2
1st
ARefunding gold 5s series
ARefunding 4s series C
■
Pgh L E & W Va System—
*
j-j
107% 107%
"
42
J-J
U-S
;104 'A
/ilOlft 101'A
'
105'A
98'A 100'A
100'A
J-J
101 ft
(int at l'/»%
C
1946)
gen ser
Sep 1 1946)
>'
•
(int at 1%
due
1946)
56
1937
Power
A
Stamped modified bonds—
1st mtge gold
(int at 4% to
Oct 1 1946)
due
July 1948
1
16%
53
57
*53%
65'A
General 4s
i-
Dec
N Y
Illinois
RR—
Ref & gen ser A
12 »/4
{ACMcago & Alton RR ref 3s
1949
Chicago Burlington & Quincy RR—
111
sc-htT
mtge gold 4s
1st
63
107%
112'A
109
B
Baltimore
13%
A-O
110'A
110%
1211/2 122
121'A
1964
A—
coll gold 4s
N
12%
131/4
,_1962
122
6
*100!£
*1001;!
series B
1st
50%
12V4
Ref & impt mtge 3%s D
Ref & impt M 3%s series E
Potts Creek Br 1st 4s
»105'A
.1944
Atlantic Coast
37%
80
1987
Chesapeake & Ohio Ry—
General gold 4'As
114'A"
*111'A 113
Charl A L 1st 4'/2S A
30-year 5s
L
—
1st 4s___
mortgage 3%s
99
13%
Guaranteed gold 5s
i960
8 ACentral RR & Banking 5s stmp_1942
Certain-teed Prod 5'As A
1948
106'/a
112%
109%
1955
—1946
1st
48%
12'A
gtd gold 4s_1949
Through Short L 1st gtd 4s
1954
106'A
105
35
123
105'A 106
113% 114'A
110 3*2 1103*2
~
Nov
gold 5s
1st
91%
47%
48
1987
registered
Central Pacific
AO
1910
1st
67%
80%
1987
4s
Central
1995
1995
gold 4s of 1909
Knox &
Light 3'As
Eng 1st gtd 4s
117%
1995
4s
Atl
53
17
j-d
109'A
105'A 106'A
105%
A-O
1)
1905———
23
84
R & A Div
J-J
1978
-
gold 4s of
67%
82
66
A-O
103% 104%
105'A
(Del)-1957
Adjustment gold 4s
Conv 4s of
66
F-A
1959
108
Atchison Topeka & Santa Fe—
Conv
j-d
1945
A-O
4s
102'A
Trans-Con Short L
1948
M-N
II51/2
58
102'A
Conv
103%
1945
158
*103'/a
Stamped
101 Va
111
27%
M-3
General 4s
4
1959
109'A
Ark
(May
103% 103%
33%
107'A
13
86'A
bonds
103%
96
76(4
Called
106
J-J
154
10
1955
52
104
2
260
86'A
C
2
27
107
65v4
35
86
4s B
65%
104'/4 104'a
37%
Q-J
series
107
104 'A
1955
Nov
107
j-j
39
69'A
4s
107 Va
M-N
F-A
36
110
(Del)
107
104 Vi
1981
36%
104%
debentures
110%
98
36%
63
fund
109%
110% 100%
'
37%
107
sink
100'A
~3
110%
*110'/4 114
j-j
103%
income
52
103% 104v4
104'A
{ACentral of N J gen gold 5s
5s registered
4
1st
M-s ;
j-j
M-S
91%
13
7s
105%
91
65
Armour & Co
104
91
110
.-1967
1995
& Memphis Ry Bdge & Term 5s 1964
13
A-O
63
3s
104% 105
j-j
110
deb
Co
101%
104%
,
1961
Jan
Tobacco
Wat
Am
10031
1950
w
debs
mtge 5s
AGeneral
117
95%
3
1966
AAnglo-Chilean Nitrate deb
Ann Arbor 1st gold 4s
Amer
j-j
'
109'/a
debentures
111%
84%
New
107%
M-S
debentures
conv
113
110%
57
10011
j-j
AChatt Div pur money gold 4s—1951
A Mobile Div 1st
gold 5s
1946
100'A
J-D
s
3s
111%
21
951/4
95%
100 tt 100ii
95i/4
Illinois
106 Va
108% 109%
29
110% 110%
F-A
{A Cent
100'A
1966
3 '4
—1961
117'/a
Central
'""2
1956
debentures
'
115%
92'A
>
109%
3'As
112% 113
117%
1962
w
gtd gold 4s,
ARef & gen 5'As series B
A Ref & gen 5s series C
Telephone & Telegraph Co.—
A-O
12
104%
86%
106% 106%
J-J
116'/» 116%
103
11
100'A 100'A
_1949
' 118'A
1965
8 A Consol gold 5s
107%
92'A
91'A
103'A 104
105
104
91%
103'A
A 1st
105%
105
M-N
'A
-102
74%
Corp 5s
Cart & Adir 1st
117%
117
1
F-A
i960
116
1
my
Ohio 4s
Celotex Corp 3%s debs.
ACent Branch U P 1st
gold 4s
{Central of Georgia Ry—
359
99%
Clinch 81
116
5
1
118% 118'A
j-d
1954
gold 5s
8
117% 117%
"117% 117%
A-O
194a
Celanese Corp 3'As
99
99'A 101
*
(April)——1—
Corp
ctfs
100
143
100'/a 101%
101
1950
.-1950
!
income
trust
117%
j-j
1955
102
101
j-j
j-d
1955
-r-
98'A
97%
*93
J-D
1969
—1970
Carriers & Gen
*93
1949
modified
A 5s
Oct
108'A
A-O
1946
modified
107
4'As
equipment trust
Coll
Alleghany Corp—
5s
105%
107'/a
A-O
1946
118'A
19
perpetual
104%
High
uxjW
105% 105%
Guaranteed gold 4%s
—1951
Canadian Northern Ry deb 6'As—1946
Can Pac Ry 4% deb stk
-
January 1
AO.
j-j
Collateral trust 4%s_„—
{BnCarolina Central 1st gtd 4s
1948
Albany & Susquehanna RR 3V2S
3 % s registered
gold
Range since
Sold
Hign
July 1969
Guaranteed gold 5s
Guaranteed gold 4%s
v
Bands
Friday's
116%
Carolina
1948
or
7
*107'A 1081/4
J-J
Week's Range
■»
117% 117%
104'A
—
Last
•
Sale Price Bid & Asked
j-j
104%
*104
6
1957
103 3A
103% 104
1972
Period
gold 4%s_
103'A
*101
F-A
3^8
Friday
Interest
81
gold 5s
Guaranteed gold 5s
74V2
70
70%
104'A
*103
M-N
assented
I
March
Guaranteed
13'A
109
J-D
1967
mtge
warrants
13'A
3'As
Albany Perfor Wrap Pap 6s
6s
F-A
70'/a
59
Canadian National
66
66'A
.>
York
Teletype—NY 1-310
Low
Companies
fAbitibi Power & Paper—
§A5s series A plain
Alabama
*
17
60
;
Ended
71%
60
45
70%
68
70'A
Exchange
New
BONDS
Week
readjustment
External
Stock
Bell
2".New York Stock Exchange
"
External
York
'
1937)-
($ bonds of
New
Broadway
;
rwt.
,
request
Telephone—DIgby 4-4933
89
—
*86
External sink fund 6s
91
89
*88
External sink fund 6s
a
,
WRITTEN
on
PFLUGFELDER, BAMPT0N & RUST
13
1955
(Republic) extl 8s
j-d
1958
f 5VzS
m-n
1958
a
3%s-4-4%s
New Railroad Second Mortgage Income Bonds
44
'35'/8
*
1962
7s
assented
8
J-J
1962
-
B
Uruguay
30
(Kingdom)—
external
Sydney (City)
33'A
Prospective Prices of the
40
33'A
1940
—
(Prov
a4 (As
a
f
secured
ASllesla
35'/a
m-n
1968
Croats & Slovenes
a8s
39'A
1956
loan___
A Discussion of the
High
*38%
1950
s
Loin
m-n
1936
8s——
(State)
a 8s
January 1
VO
1957
f
s
Hiah
1952
(City of Brazil) 8s_
A6'As extl Becured
Range since
Sold
Sale Price Bid & Asked
j-d
94
94
95
—
.
1977
1991
J-J
1990
j-j
67%
69%
m-n
1970
-
5
j-J
.
69%
64
65%
*90 »/4
107%
92
107V4 107%
193
15
—
17
88%
100
571/4
95
100
71%
53%
67%
82
90%
106'A. 107'A
Monday, April 3, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
1370
NEW YORK BOND RECORD
Friday
BONDS
Friday's
Sale Price Bid &
Period
Sold
No.
Asked
Hiah
Low
Low
1948
Series D 3%s gtd
1950
General 4%s series A
1977
Gen Si ref 4%s series B
1981
Cleve Short Line 1st gtd 4%s——1961
Cleve Union Term gtd 5%s
1972
1st s f 5s series B gtd
1973
1st s f 4%s series C
1977
Coal River Ry 1st gtd 4s__
1945
inc mtge
1970
Colorado & Southern Ry.~
4%S (stamped modified).
1980
Columbia G & E deb 5s
May 1952
Colo Fuel & Iron 5s
1961
& H V 1st extl gold 4s—1948
Si Sou Ohio El 3%s
1970
& Tol 1st extl 4s
1955
Debenture 5s
Columbus
Columbus
Columbus
A
*107
M-N
107
—
F-A
*106 %
J-J
*106%
107
106
—
M-S
74%
74
75%
70
1955
M-N
77%
76%
77%
108
60%
78%
IDenver & Rio Grande
AGeneral s f 5s
AAssented
gold 4s
•
1995
& Tunnel 4'/aS
1961
Dow Chemical deb 2 Vis
1950
Dul Miss & Iron Range Ry 3'/aS—1962
f § ADul Sou Shore & Atl gold 5s—1937
A
Second
Term
Detroit
77
1952
J-J
72%
73%
13
58
1953
M-N
74
73
74%
61
60%
75%
J-J
105%
105% 105%
31
103%
105%
Refunding 5s_,
1953
M-N
80%
79%
82
77
67 'A
83
109
109
40-year
60%
60
175
48%
64%
108 Vi
109%
113%
113%
Cairo Bridge gold 4s
Litchfield Div 1st gold 3s
*109%
A-O
M-S
18
109%
109
F-A
*113%
64
4%s
___1960
1950
J-D
1951
Louisville Div & Term gold 3%s_1953
—
1951
F-A
1951
J-J*
J-J
J-J
112
131
Omaha
110%
13
109%
111
St. Louis Div Si Term gold 3s
Gold 3%s
1951
J-J
110% 110%
110%
29
18
109'A
113'A
Springfield Div 1st gold 3%s__._1951
J-J
113%
113%
Western Lines 1st gold 4s
1951
F-A
91%
*113%
J-J
F-A
"*--••
A-O
109%
111
16
101 %
103%
100
102
102
102
102%
102
A-O
6
106% 106%
106%
A-O
105%
gold 3s
,(
107%
109%
J-D
Joint
1st
ref 5s
series A
1963
J-D
J-D
63%
1950
J-J
tAlnd & Louisville 1st gtd 4s
1956
J-J
107%
Indianapolis Union Ry 3%s
B.1986
7" 196
64
59
61
M-S
ser
61
22%
21%
54%
55
5s
series
B
7
108
109
2
109%
111
112
107%
108%
3
108%
109%
103
103'A
:
10
.
87
99%
; :
52%
39
73%
«...
*63
V'
'u—'
50%
276
61%
155
16%
24%
57%
112
43%
56%
'
57%
57'A
116
43'A
57%
62
270
Debentures 5s
A-O
J-J
1955
M-S
M-N
F-A
1952
J-J
78%'
77%
82
80'/a
1955
104
105%
105
108%
l"
101
101
4%
J-J
5
James Frankl & Clear 1st 4s
1959
J-D
75%
74%
76
25
58%
77%
53
Jones
1961
J-J
99
98%
99
21
95%
99%
98%
99%
Si
Laughlin Steel 3'As
52
40
101%
Kanawha Si Mich
1st gtd
gold 4s__1990
Fort Scott &
City
1
105%
219
79%
108.'..
90
Mem
&
impt
Kansas
*98% 100
A-O
Ry—
1936
A-O
1950
A-O
79
Apr 1950
of
J-J
83'/a
105%
105%
72%
101
86%
85
84%
1st 3s
5s
86%
83%
85
21
71%
77%
79
140
69'A
82%
85%
deposit-,
Kansas City Southern Ry
84
1960
J-J
Kentucky Central gold 4s
1987
J-J
1961
1961
J-J
1961
J-J
1961
J-J
3%s
Light 1st M
1965
72%
1077's
109%
114%
114%
*94
52%
54%
388
45
55
56
134
46
56
Plain
1st 4s
Stamped
j
.—
4%s
unguaranteed
108%
108
108
*114%
*61
J-J
64
51%
97
97
97
91%
97
90%
92
Div 1st 4s——1948
Ry Minn Nor
East
& Ga Div 1st 5s
1956
1st cons gold 53.—1995
Auto-Lite 2'As debs
1950
(NY)
Ed El 111
Elec
stamped
5s
1970
3 Vis
Elgin Joliet & East Ry
El Paso 4S W 1st 5s
1965
1965
.
1962
3'/aS—
Empire Gas & Fuel
Railroad Co—
8
Kings County El L & P 6s
1997
A-O
*168
174
5
5'/a
160
4%
6%
Kings Co Lighting 1st 5s
1954
J-J
*108% 108%
107%
107%
49%
500
40%
49%
1954
J-J
109 '/a 110 %
109
110%
102%
105%
Koppers Co 1st mtge 3%s
1961
M-S
106'/4 106%
106%
107%
109%
111
Kresge Foundation 3%
1950
1959
M-S
*104 'A
103%
104%
JAKreuger Si Toll 5s ctfs
M-S
*3%
3%
3%
Laclede
1945
5
60
6%
5%
49
A-O
*105%
M-S
A-O
110%
110
110
110%' 111%
*111% 111%
M-S
J-D
t
J-D
f
J-D
48
99%
M-S
30
A-O
7
28
■4
99% 100%
rf
10
6% fe
ref
notes
•
...
>:
4
174
30
Gas Light
102
102%
Coll
&
ref
107%
108%
*108
&
48
100%
6
102% 102%
M-N
4*
4
48
30
—
1st
104%? 106'A
21
104% 105'A
J-J
35'A
J-J
34%
108 %
Coll
&
extd 5s.r
A-O
series C_.
5%s
1953
1960
F-A
99%
99%
99%
2
100 % 100%
F-A
series D
ref 5%s
29
24%
19
36%
109% 110
108%
37%
98%
100
15
98%
100
1997
1997
J-D
*95%
96%
93'/a
J-D
91%
91%
89%
1975
1954
Dec
61
61%
J-J
sink fund 4%s series C
1954
J-J
100% 101
1965
1945
A-O
102
102
M-S
*97
—
1954
F-A
*90
1995
2015
1947
1971
series B
4'/2s series A
N Y & Erie RR extl 1st 4s
Ohio Div 1st mtge 3 Vis
mtge inc
AGen
& Mich Sou
Lake Sh
3%s
110
gold 3%s
registered
M-N
*112'A
J-J
J-D
106
*102% 102%
91
90%
11
A-O
*90%
J-J
103%
J-J
74%
M-N
72%
M-S
93%
91
ref
&
.'■v.. 5s
sink fund 5s
Li !
Rtatpperi
1964
5s
101%
1974
stamped—......
Harbor Term gtd 5s
Lehigh
Valley N
Y 4%s ext
.1950
102
103%
Lehigh
Valley
104%
75
1954
...1958
Flintkote Co 3s debs——
1943
104%
*103
2003
2003
2003
2003
2003
Lehigh Valley Terminal Ry ext 5s_1951
stamped modified
registered
stamped modified
4%s registered
5s stamped modified
104
— ~.
117
■
130
130
127% 130
7
J-D
100
99% 100
18
98%
100
M-S
49
52
337
42%
52
50
50
8
42
50
52
deposit
of
102
...1974
East Coast 1st 4%s
5s series A
Certificates
A
8
...1959
& ref
A 1st
M-N
104
104
J- J
tAFlorida Cent & Peninsular 5s.
tFloriaa
104
...1982
(Proof of claim)
A Certificates of
deposit
jjA2-4s
——
12
,
12%
1956
J-D
1956
3s debs...
Francisco Sugar coll trust 6s
Machinery Corp
Food
M-N
M-N
——
*103
97%
12%
10
12%
5
98
.11%
11%
103
103%
4
97%
14
13%
103%
98%
debenture
Little
Miami
Guaranteed
Gen
Steel Castings 5'/aS
J-D
Lou
J-J
102%
102% 102%
14
101%
22%
103
32
ref
gold 4s
stamped
(P) Co deb 5s
—
debentures
Louisville
;
&
J-J
30
49
J-J
68%
68
68%
58
106'A
106
106 %
12
105%
107%
1st &
Unif mtge 3%s series A
General 4 Vis series E
Gen
A
7
M-N
43%
41%
44%
41
M-N
47%
46
ctfs
-
AGen mtge inc 5s series A
Gulf & Ship
1st
&
2015
Gulf States Steel
102%
|§AHousatonic Ry
Hudson
Coal
Hudson
Co
1st
Gas
s
14
14'A
34
12%
98'A
99%
50
89%
99%
J-J
83'A
82
84
17
66
87
series
1949
gold 5s
J-D
M-N
65%
116%
footnotes
see
page
1372.
103
104 3'2
6
120%
122%
104%
M-S
104%
104
104% 104%
104% 105
12
103%
J-J
99%
103 % 103%
105
120%
102
47
99 %
66
98%
105
104
120
*119% 120
A-O
105
103%
104
38
,
93%
102%
A-O
107
107%
9
A-O
106%
106% 106%
45
A-O
105
104% 105
30
.
ext
series B ext..
gold 3s__
107
100% 101%
101
,
104
105
172
94%
101'/a
5
102%
17
106%
107%
104% 104%
M-S
\
"
5
103
104%
87%
17
94%
1
101%
103%
112
112
96%
..
104
*104
■
J-J
103% 103%
1945
J-D
1960
Sugar 4s sink fund__Feb 11957
:J-D
*111%
—
—
Gen
mtge 4%s series A
Elec RR & Lt s f 5s_.
1959
.M-N
AManila RR (Southern Lines) 4s
98%
90%
98%
63%
64'A
19
52
65
73%
64%
75%
20
68%
*55'/a
.M-S
111%
8
*32%
Steam
gtd 3%s
Shovel
;
s
f
6s
1941
.1947
130%
131%
18
85%
92%
15
103%
105%
116% 116%
5
K73-,
lb'>
116%
117%
—
—
...
73
*84
J-J
*101%
A-O
A-O
__
"
102
77
__
-
|§AManitowoc Green Bay & North¬
66%
98
104
97%
M-N
..1953
105%
64%
104'A
;
M
110
103%'105
108
107%
99%
102% 103
■
M-N
4s
106%
106% 106%
J-J
1955
Cine Div
104
91%
1
1945
102
1
1$3
99%
110
*102%
10
90
103%
M-S
Maine Central RR 4s series A—
-
2
102'/a
—
84
101
102
101%
102'/a
Market Street Railway—
(Stamped mod)
1945
1955
ext 5s
McCrory Stores deb 3%
Metrop Ed 1st 4%s series D
Metrop Wat Sew & Drain 5%s
■..A
For
2
103
78
109%
Stamped
105
1962
107
*110
104'/4 104%
*131
M-N
A
105%
55
M-S
Ry joint monon 4s
Marion
91
2
1951
1D63
110% 110'/a
M-N
125%
F-A
Montg 1st gold 4%s
Knox &
A Manila
*97
J-J
123'/8
103%
M-S
17
98%
5s__11937
15
76
M-S
66
14%
J-J
—1954
f 5s
1st
1999
_
cons gold
64%
96%
H
Houston Oil 4Vis debs
7
•
*104
Atl
120
&
western 1st
Hocking Valley Ry 1st 4Vis
42%
A-O
South
80
104'A
46%
49
120% 121%
103 %
36
M-N
48%
5
54%
*108
Mob
103% 104'A
A-O
43%
37
45%
M-N
104%
103%
1969
34
132
35%
1962
1950
104'A
3-j
J-J
10
48%
103
F-A
98 Va
100
1961
4%s_L
f
s
Gulf States Util 3 Via series D
A-O
102%
51
1952
42%
74
M-S
105%
Manati
Island RR—
5s stpd
ref Term M
44%
125% 125%
74
125%
1980
1945
1952
J-J
*62%
33
106% 106%
A-O
St Louis Div 2d
110%
Feb
80'/a
397
52%
A-O
105 Vi
105%
Feb
B
64%
44%
M-N
F-A
4
91
69%
31
75%
1946
110% 110%
105 Vi
105
236
56
66%
74
Paducah & Mem Div 4s
Unif mtge 4s
96%
78%
64
A-O
113%
103% 104%
65
74%
J-J
111%
111%
102% 103
70%
8
65
1950
1960
108'A
3
95 %
D
1st & ref 3%s series E
11
96%
79
70
78 %
78%
2003
:
series C
series
113'A
103%
West deb ctfs A
Debentures
series B
5s
ref 4%s
ref 4s
113
102%
Gulf Mobile Si Ohio 4s series B—__1975
&
109% 110
J-J
75
65%
10
J-J
2003
*99
J-J
mtge 3%s series 1
ref
&
1st
113'A
J-J
mtge 4s series H
Gen
1st
110
J-J
General mtge 4s series G
68%
J-J
1946
1946
1967
General 4'/as series D
48
J-J
1973
1976
_1977
General 5s series C
AGreen Bay &
J-D
28
90%
71
2003
2003
Bridge Co gtd 4s
J-D
28%
86
84%
;
Louisville & Nashville RR—
JAGeorgia & Ala Ry 5s
Oct 11945
1934
1956
Grays Point Term 1st gtd 5s
1947
Great Northern 4Vis series A
1961
General 5'/as series B
1952
78%
1)7
—1966
Elec 3%s_-
tSAGa Caro & Nor 1st ext 6s
(B F) 1st 4Vis
Goodrich
2
F-A
J-J
Ark 1st 5s series A—1969
Gas
Jeff
&
,.~1
75
1949
1949
1949
4s series A—
95
78%
1944
Long Dock Co 3%s ext to
3s
1949
1949
gen
1965
—1951
.
Long Island unified 4s___
4s
90
*71
F-A
1955
Libby McNeil & Libby 4s__;
Louisiana &
Elec of Berg Co cons 5s
gtd
Liggett & Myers Tobacco 7s
Lorillard
Gas &
101
86
77%
77%
...
1st 50-yr 5s
Lex & Eastern
5s
tFonda Johns & Glover RR—
'
103
100%. 102%
1
—
RR—
4s
M-N
2
75
„_..1974
Leh Val
106%
64%
'V
■
106
101%
77
248
—
67
97%
97
25
,
90
F-A
1964
stamped
& ref sink fund 5s
5s
4s
.1961
91%
60%
2
101 % 102'/2
101%
1954
1st & ref sink fund 5s
1st
103%
*103
106%
1st
4%s
& Rub 3s deb
96%
Lehigh Valley Coal Co—
99%
26
74%
107
102%
82%
92
103%
103
*106
Lehigh & N Y 1st gtd gold 4s
80
101% 101'/a
J-J
Lehigh & New Eng RR 4s A
148'A
106
7
91
111%
102%
«...
106
106
A-O
«...
__
107'A
110
*148
M-S
Cons
148%
5
107% 107%
A-O
mtge income reg
*
Firestone Tire
100%
47
99%
99% 100
Lautaro Nitrate Co Ltd—
Erie
1st cons M 4s
58
47
F-A
F-A
A 1st
East Tenn Va
79
84
61
50
*98
City Term
54%
54'A
84
3
68%
100
*105% 105%
J-J
80%
77%
1
4%
39
Kentucky Si Ind Term 4%s.
89%
88'A
74%
125
82
4'A
100
103
97
79%
62%
:
Ref
89%
99%
101
-
'
J-D
A-O
65%
15
23
104
*97'/8 100
M-S
A Certificates
M-N
57'/a
104%
105% 105%
7
105%
F-A
1951
58
61
104
71
2
107
61%
23%
1947
6%s
gARefunding gtd 4s
107
103%
47%
1947
IA Iowa Cent Ry 1st" & ref 4j
JKansas
y
106%
101%
58%
4
50'/4
100% 101
54%
ref
81
104%
8
41
~7 -7
—
62
lien
Int Telep & Teleg deb gold 4%s
60
53%
•
'^—7
1
—
51
51
•
16
58
57
*64%
'
99%
46
38%
1st
J-J
-
62
59
12
1972
Int Rys Cent Amer 1st 5s B
68%
44
103 Ve
103
1944
Paper 5s series A Si B
.Ref sink fund 6s series A
95%
(
60
....
72%
100%
105% 105%
'
J-J
1956
Internat
111
-12
7
:
111%
71%
52%
*
A-O
195a
gold '5s series C
Internat Hydro El deb 6s
57%
..
32
61
59%
A-O
Adjustment 6s series A___July 1952
j
*108% 110
J-J
111
..
98'/2
84
....
A-O
'
;
69'A
100% 100%
{Alntcr-Great Nor 1st 6s series A_1952
*70%
107
•
Inland Steel 1st mtge 3s series F..1961
Inspiration Cons Copper 4s___
1952
51
/•
/-J
66%
61%
68'A
1963
1st & ref 4%s series C~_...
111 & Iowa 1st gold 4s._._
59 %
99%
51%
'
91%
108 %
*58
•
78%
105%
109% 109%
99%
'
15
45%
107% 108%
J-D
'
91%
107%
*102% 103%
A-O
76%.
90
.
"92%
103%
111
M-N
67%
14
111
111
M-N
65
27
31
108% 109
108%
M-N
M-N
2
76%
75%
Ind
A 1st
M-N
71%
71%
76
103% 104
58
71%
59%
71%
107% 108'A
*_.
J-J
90
81%
6
71%
111 Cent and Chic St L & N O—
103% 105 %
64
103'A 104
103%
1st
.
"5
109% 109%
J-J
Div
79%
1
88
*82%
121%
100
97
23
72
88
-
110
J-D
62%
99% 100
100
J-J
118
121
May
•
F-A
74
Lehigh Coal & Nav s f 4%s A
Duquesne
'
Purchased lines 3%s
Collateral trust gold 4s
64
——
1st gtd 4%S
1947
series F
1965
3'/aS series G—1966
Gen & reF3s series H
1970
Detroit & Mackinac 1st lien gold 4s 1995
65
104%
„
& ref mtge
Gen
97
65
62%
69%
52
A-O
f ADes Plaines Val
Detroit Edison 4s
■
103
1946
1978
»
96%
27
1955
series B
ARef & impt 5s
3%s
145
61%
J-D
Western RR—
———*955
—
gold
103% 103%
63'/a
J-D
1970
*96%
A-O
j
1st
103'/a
M-N
1946
L 1st mtge 3s
100%
*97%
1952
,
M-N
J-J
Union Ry 3Vis series B—1465
Delaware & Hudson 4s extended-—1963
Delaware Power & Light 3s
—1973
JDenver & Rio Grande RR—
§Alst consol 4s————1936
SAConsol gold 4'/a8—
—
1936
J-J
A-O
1951
31
D
Dayton P &
1951
1951
Collateral trust gold 4s
90
1952
Dayton
103
100'
90%
89'/a
•w—m
receipts
gold
ADeposit receipts
A7'/as series A extended to
ADeposit receipts
A6s series B extended to—
ADeposit receipts
Curtis Publishing Co 3s deb
101'%
102% 103
83
90 *
J-D
A-O
A 1st
Deposit
24
*100%
103
1st gold 3Vis_
A
A
J-J
Extended
84
148
59
ACuba RR 1st 5s
J-J
93'A
93'A
8 6'/a
58
.
32%
88
91%
85
45%
.———1965
1967
1st mtge 3'/as
1970
1st mtge 3'As
1966
1st mtge 3'/4S
1969
Crane Co 2'As s f debs..
1950
Crucible Steel 3'As s f debs
1955
5 a Cuba Northern Ry 1st 5%s
1942
65%
27%
75%
93%
86
46%
mtge 3'/aS
HiQh
55%
361
84
A-O
A-O
56%
mtge 3'/as
1981
1st gold 4s
59
1st
Lnro
63%
30%
..
1951
Illinois Central RR—
99%
*_.
1st
29
Illinois Bell Telep 2%s series A
%
*_.
4s
30
92
J-J
Power Co—
A-O
9
99%
J-J
A Debenture
Feb 1957
January 1
130
58
99'/a 100
98'/a
1955
1956
Consumers
61
Refunding 4s
99'/a
99%
108'A
4s
62%
No.
1st gold 3s sterling
A-O
A-O
103%
A Debenture
F-A
Range since
Sold
Hiah
106
100
J-D
debentures
debentures
Bonds
95
J-J
debentures
3'/aS
Friday's
1957
& Manhattan 1st 5s A
AAdJ income 5s
____1946
—1948
3'/aS
1956
3'/aS debentures
1958
Consolidated Oil conv deb 3»/aS
1951
jAConsol Ry non-conv deb 4s
1954
3'As
or
Low
...
Commercial Mackay Corp—
Income deb w w
—Apr 11969
Commonwealth Edison Co—
?
ljlsi mtge 3'/as series I
1968
Conv debs 3'/a 8
1958
Conn Ry & L 1st Si ref 4'/aS
1951
Conn River Power 8 f 3%s A
1961
Consolidated Cigar 3%s s. f. debs.1953
Consolidated Edison of New York—
Week's Range
Last
Sale Price Bid & Asked
*108
F-A
Period
Hiah
Hudson
Cleveland & Pittsburgh RR—
Series C 3'/as gtd
Interest
81
Week Ended March
■
January 1
Exchange
Stock
New York
Range since
Bonds
-
31
Week Ended March
or
Friday
BONDS
Week's Range
Last
Interest
Exchange
Stock
N>w York
i
—
M-S
1950
A-O
96%
Q-A
—I960
—
111'/a 111%
—
*92 %
94%
5
—
97
97%
105
7
97
*105
A-O
105%
110
111%
92
94
Volume 159
Number 4269
BONDS
Friday
New York Stock Exchange
Ended March
Week
Interest
31
(Chic)
48-1938
Jack Latts & Sag 3%s
F-A
1951
1st
.
*„
1952
gold
3%s_.,
M-S
.
—
New York
Range since
Sold
January 1
Low
NO.
Niag Lock & Ont Pow 1st 5s A.,—1955
Niagara Share. (Md) deb 5y2s.—1950
102%
3
1st
103%
t§AMilw & Northern 1st ext 4%s_„ 1939
A § Con sol ext 4%s__.
1939
J-D
*99
J-D
83
84
60
75%
84
fAMilw Spar & N W 1st gtd 4s
tSAMilw & State Line 1st 3J/aS
1947
M-3
68 »/4
68%
10
59
69%
1941
J-J
77%
77%
83%
104 3*2 104 A
104%
2
63 y4
10
63 y4
1949
ARef & eXt 50-yr 5s series A
-
M-S
1962
A 1st & ref gold 4s
83
Q-F
10
101
;
tMinn St Paul & Sault Ste Marie
§ A 1st
4s stamped™-
cons
§ A 1st
consol
5s—
1938
J-J
1938
:«
A 1st
A 25-year
1949
„_
Mo Kansas & Texas 1st 4s—
30
30 y4
61
29 Vi
J-3
9
2%
1990
J-D
64%
63
4s
.1962
J-J
70
69
40-yeaT 4s series B———
Prior lien 4%$ series D
.1962
J-3
59
59
J-3
62%
62%
64
49%
47%
50%
72%
70
A General
1975
of
/: M-s
1978
J-J
91%
91%
92
J-J
78%
78
J-J
78
77%
deposit.—„
Moh'k .& Malone 1st gtd gold 4s__. 1991
1966
Monongahela Ry 3 Vis series B„
Monongahela W Penn Pub Serv-— V;
I960:
1st mtge 4y2s_—
ACertificates
M-N
30
56%
19
72%
56%
■i
72%
70 v*
72%
70%
72%
70 y2
72
'•.72%
71
,
M-S
.F-A
•
67
66
*104% 105
A-0
56%
56%
59 y8
Montreal
W
5s ext..— .1951,;
Tramways
Morrell (John) As Co 3s
1958
debs
2000,
;
8
19551
Constr M 4%s
.1955
series B—
109%
113%
'.V,
Mutual Fuel Gas 1st
—1966
5s_.—.1945
1st
cons
gold.5s.—1948
1946
1961
Nat
& St L
4s series A
59
58%
59%
52%
120,
Dairy Prod 3y4s debs
—I960
Prod 3ViS———1949
1949
M-S
Steel
National
1st
—.1965
A-O
.1954
mtge 3s
M-N
fANaugatuck RR 1st gold 4s
Newark Consol Gas cons 5s_.—.1948
J-J
1st M
s
1971
series C
...I960
s f gold 4J/23_—1955
Broadway Corp—
etfs.
f gold 3s loan
«
A Consol
gtd 4s
Tel 5s A
1st
gtd 4%s series B
;
~N J Junction RR gtd 1st 4s„
N
J
1st 4 Vis
& Light
Pow
1960
1983
1952
Orleans Great Nor 5s a
New
N O & N E 1st ref Si imp 4
1st
ref
&
Vis
1st 5s series a__1952
Orl Pud Ser
New
M-N
i960
92%
41
92
22
105% 106
101
92%
84%
92
J-D
J-J
103%
"3
<,
•
ACertiiicates
5s
A 1st
series
of
A 1st
series
5s
A 1st
1950
of
deposit
A 1st
5Vis
of
F-A
80%
F-A
1954
.A-0
etfs D_._1944
N
1945
gtd 4Vis
& Hud River
Cent
99
75
62
68%
71%
86%
78y4
.
82 y4
f 77 J/2
118
69
80
78
5
69
78
86
30
73%
86
74
82
Ref
Ref
1st
series
5Vis
4Vis
C
Y
Dock
1st
Conv 5%
N
68%
70%
234
59
71%
66
64 y4
66%
940
56Vi
67%
A-0
73%
71 Vi
73%
254
63
74%
M-N
93 %
93
93 Vi
237
87
93%
J-J
88 >•"'
87%
88%
38
"83%
J-J
83%
83%
83%
3
78%
73%
73%
74%
33
F-A
70
70
68
67%
68%
F-A
65
65
65
A-O
M-S
A-0
100% 101%
101 Vi
89%
92
67%
92
95%
238
101%
30
101%
37
105
*
107%
>
F-A
86%
84%
85
*100%
78% '
24
—1965
A-0
108%
108% 109
1966
A-O
109
109
109
89%
100
100%
n
106%
109
1
108%
109%
—
N Y & Erie—See Erie RR
gold 5s—1948
:—1949
& Harlem gold 3 Vis
—2000
N Y Gas El Lt H
& Pow
Purchase money gold 4s
N
Y
Mtge 4s series a
2043
2043
::
Mtge 4s series B
N
Y Lack
3-D
*114% 115%
114%
115%
F-A
*110% 111
110
111
M-N
*105
104
105%
J-J
103
J-J
103
102% 103
West 4s series a—.1973
&
M-N
—1973
M-N
86%
87
M-S
55%
58%
4Vis series B_
80%
81%
80%
6
103
102%
71
ANon-conv
ANon-conv
deb
deb
deb
1947
4s
1947
——.1954
3Vis
ANon-conv
deb
4s_.——
ANon-conv
deb
4s_
A Debenture
AConv
.
M-S
3 Vis—
35
77
87 J/4
46
deb
—1955
1956
46%:
55% ' 57%
61
59%
—...——....1957
JAN Y Ont & West ref gold 4s
4s
gtd 4s_
El Lt & Pow 3 Vis..
N Y
Rys prior lien 6s stamp
N Y Steam Corp 1st 3Vis
8A2d
4Vis
gold 5s
ATerminal 1st gold 5s
gold
8 A General
M-N
30 %
60%
Niagara Falls Power 3Vis_—
28%
;
31%
58%
61%
M-N
M-S
.1993
A-0
1965
M-N
1372.
82'
145
16%
6)3%
;
106%
3
102 »/2
106 J/4
i4y4
164
9%
14%
.4%
13
4%
4
inc deb
Elec 1st 4%S———1960
108 Vi
105%
108 J/2
99%
7
110%
101 Vi
112 Vi
71
33%
133
5
55%
24
23
Vi
74%
36%
105%
107
98 Vi
95%
99
30
87 Vo
92%
91%
139
82
91 Vi
105 Vi 105 Vi
F-A
99%
92%
90
90%
J-D
1
105
118
J-J
Vi
107
131
132
121
124
106
*128 J/2 133
108%
*121
M-a
J-D
103
J-J
64%
M-S
28
106%
63
4
110Vi
lllJ/a
103
106
123%
106
IIII/2 III1/2
J-J
1
102Vi
103
38 J/2
103
61J/2
65 Vi
253
26 J/2
17%
67
831
5
105
105%
106
M-S
28i/2
1051/2 105Vi
M-N
5
104%
106 Vi
106
28%
'
9
9
*7'/a
9%
19
.
'
7%
6'/a
9
.
10
9
76
100 %
101%
1
100% 101%
103 Vi
104
F-A
*l04J/e
104
104 Vi
J-D
*1121/2
112%
112%
113
113'/a
M-N
104
104
113% 113 Vi
F-A
113% 113%
*113% 115
F-A
123
M-N
J-D
122 J/i
*123
118%
117% 118%
123
123
123
123 Vi
118 Vi
A-0
118%
118»/4 118%
4
116%
116
J-J
106 Vi
.106% 106%
27
106 Vi
107%
M-S
102 Vi
102Vi 102%
4
102
103 Vi
102%
103 Vi
101%
103 Vi
J-D
.
5
*103i/4 103 Vi
J-D
103
J-D
68 J/i
67%
to.—
—1950
1st M 3 Vis.—.1966
*65
103 %■
69%
6
118%
59 Vi
71
58%
10
J-D
F-A
1st &
ref mtge
Public Service of Nor 111
3Vis
1968
~3
70%
58
70%
Vi
1
107 Vi
107 '/a
*121
J-J
92
M-5
102%
J-J
J-J
93
21
101% 103
81
92
*—
*111
30%
M-S
*98 Vi
J-J
*109%
M-N
99
93
J/4
103
105%
109
109 Vi.
100 Vi
102%
..
101 % 101 Vi
M-N
86
104%
105%
*109
,
J-3
3s.——-1972
—2037
8s—
2037
69%
67%
J-D
F-A
1st & ref mtge 5s..
69 »/a
107'/2 107%
67%
A-0
1977
1st & ref mtge
.
117%
102%
92 Vi
M-S
5s——1951
f A Providence Securities 4s——1957
t A Providence Terminal 4s——1956
Public Service El & Gas 3Vis—.1968
31%
:
98 Vi
111%
J-D
5%
1st mortgage 3'As-.
Pressed 8teel Car deb
94
48,%'
333
467
J-J
" 124
72
28%
J-J
D.———1977
—1964
Co
urtland Gen
1st 5s extended
:45.%; ^59% i
50% :f.'64 • '• -
40
109%
98% 102
76
69
105%
A-0
Potomac'El Pwr
61
12%
105
13 Va
J-D
;
427
■"V '•
30Vi
1
10
17
30>/a
—
110
„
106%
107 »/4
147'/a 147 >/a
•106%. 108%
J-J
*147 >/a
J-D
*221'/a 224 Vi
A-0
110
*109% 110%
—
109 Vi
111%
100%
5%
52
65 Vi
110
110%
.1958
J-J
105% 105%
"2
105 Vi
108
1963
J-J
108
27
107%
108%
1937
63
62%
J-J
F-A
44%
*13%
F-A
M-N
*89%
J-J
110
.1967
1946
1966
J-J
M-S
63
16
*111% 111%"
1943
tSAN Y West & Bost 1st 4Vis
62%
92
89
1940
3Vis series B
page
90%
3-D
1937
IIAN Y Susq & W 1st ref 5s
For footnotes see
.1992
A-0
—1955
.
N Y & Putnam 1st cons
Y Telephone
46 Vi
1^8
56%
fAHarlem Rivet & Port Chester— 1st 4s—
1954
N
167
.
J-J
A Debenture. 4s_
N Y Queens
59 %
56%. 59%
.
—1948
$ :Alst A ref 4Vis series of 1927—1967
AGeneral
.78
56%
58
61
109%
108
105% 105%
33 Vi
F-A
104
r
'59%
55%.. 57%.
58
certificates 3 Vis—1956
5 A Collateral trust 6s_—.—.1940
45 %
56%
J-J
M-N
J-J
6s.
45%
A-0
£>7Vi
71
Apr
M-N
guaranteed—
gtd gold—
guaranteed gold
G 4s guaranteed—
F 4s
1st 4Vis series
55%
A-O
1945
1949
1953
Series
^1957
Series H cons guaranteed 4s
1960
Series I cons 4 Vis—
—1963
Series J cons guaranteed 4J/as—1964
Gen mtge 5s series A
——..1970
Gen mtge 5s series B.
1975
Gen 4Vis series C.
.—1977
Pitts Coke & Iron conv 4%s A—1952
Pitts Steel 1st mtge 4%s
1950
1st mtge 4%s series BJ
—1950
Pitts & W Va 1st 4 Vis/series A—1958
Pittston
60 Vi
'60
56%
108
2
87
107% 108 Vi
100% 100%
110% 110%
M-S
4%s series B
—1959
4%s series C—
1960
Pitts Young & Ash 1st 4s ser A—1948
1 it gen 5s series B
1962
1st gen 5s series C——1974
104%
82%
88
108 Vi
100%
101 Vn
1st mtge
tN Y New Haven & Hartford RR—
ANon-conv
J-J
A-0
F-A
1st mtge
103
3
50
....
J-J
Series D 4s
102 Vi
106% 106 Vi
101%
A-O
B
Series E 3Vis
Q9
101% 102'/2
A-O
lien St ref 3Vis series E
70Vi
69
£7
109%
109
100 J/2 102
F-A
.
75%
65
182
108 Vi
106%
4
109% 109%
101%
106%
32
23
109%
109% 109 Vi
M-N
t§APhilippihe Ry 1st $ f 4s_.;—.1937
ACertificates of deposit——
85
63
1
M-N
A-O
105 Vi
21
107 Vi 108
Phillips Petroleum 2%s debs—_._1964
Pittsburgh Cmc Chi & 8t Louis—
89 7/8
62%
5"
28
series
Peoples Gas L & 0 ref 5s—
i«47.
Peoria & Eastern 4s ext
——1960
A Income 4s.
1
—Apr 1990
Peoria St Pekin Union Ry 5Vis—11974,
Pere Marquette 1st series A 5s—-1950
1st 4s series B
1
1956
1st gold 4Vis series C
1900
Phelps Dodge conv 3Vis deb—
1952
Phila Bait & Wash 1st gold 4s—
General 5s series B—
..—1974
General gold 4Vis series C—,—1977
Philadelphia Co coll tr 4J/4s_1961
Phila Electric 1st & ref 3J/as
1967
1st Si ref mtge 2%s__
1971
.^Philadelphia 81 Reading Coal—
Aref 5s stamped
J.
:1973
AConv deb 6s—
1949
Philip Morris Ltd deb 3s
.—1962
3s debentures ———..—1963
Seri is
—1947
gold 4s
notes
Y Edison 3%s series D
1st
69%
1947
...1965
1951
mtge 3 Vis extended to
N Y Connecting RR 3 Vis a
N
'
F-A
1974
1978
a
series
—
F-A
109
107 Vi
106
100
69%
106 % 106%
109
:
106
109%
70
A-0
F-A
106%
F-A
106
109%
—
*108 Vi 109%
108
61
'
J-J
F-A
109
106% 107 Vi
A-O
1997
1998
1998
1998
1998
3Vis
registered
Lake Shore coll gold 3Vis
3 Vis registered
Mich Cent coll gold 3Vis
3Vis registered
New York Chicago & St Louis—
3Vis
,
*104
—
101%
108
21
General 4 J/4s series D
1981
Gen mtge 4 Vis series E——.—.1984
Conv deb 3 Vis
i——■'
...1952
1997
impt 5s series C
Conv secured 3 Vis
J-D
V-J
101%
—
107%
100
1952
Ref &
107
97
80
*103%
*101% 103 Vi
*108%
—
F-A
91
1998
impt 4Vis series a
N Y
J-J
J-D
M-N
,100 % 102%
107% 108 Vi
2013
2013
Central RR 4s series a
Y
Ref &
—1963
—
101%:
Newport & Cincinnati Bridge Co—
General
100
116Vi'
A-O
96
*76
91%
98%
115
—1970
84
86
deposit
*
Debenture gold 4Vis.
79
80
—
116
115 Vi
77
1956
deposit
104
85%
109
105
72
103
91%
121
103
59
103 vi
91%
13
86
82%
*foo
—
F-A
*99"%
104%
-
*
109 '/4
110
89
93%
73%
a
series
ACertificates
74
M-N
108
108% 110 Vi
*106
32
35
83%
82
1
*110
—
J-J
111%
102%
:
4Vis series D
of
83%
106 Vi
104% 105 %
108%
105%
deposit
C
ACertificates
A-O
108 Vi 108 Vi
A-O
J-D
lll'A
104%
2
30
116% 117%
6
75
*69%
1954
of
ACertificates
73%
75
deposit
B
ACertificates
A-O
110
16
105Vi
111
72
1935
105
123 J/2 123%
tNew Orleans Texas & Mexico Ry—
§ANon-cum inc 5s series a
111Vi
105% 105%
"
J-D
116%
19
99%
98%
4
?
103
103
•
111
J-D
99
98
111 »/4
6
.
105Vi
*98% 106
*—
General 5s
15
99
98
110%
103%
J-D
124 >/4
94%
103
103%
109 Vs
15
—.1968
117%
122%
*iooy8
J-J
51
109Vi
108 Vi
J-D
115%
,
108
104% 105
A-O
Pennsylvania RR—
Ccnsol gold 4s
1948
4s sterl stpd dollar
May 11948
Gen mtge 3%s series C——1970
Cons sinking fund 4y2s—_.——I960
General 4Vis series A
——1965
116
84
_7
'
108
•
105
M-a
deb
...
105
100%
115
124 %
•
.
J-3
105%
107% 108%
*
♦108y8 109%
;
—-..1944
*82 y8
J-J
A-O
103%
7
115%
91%
(t-'
5
/
—1955
Pennsylvania Ohio & Detroit RR—1st & ref 4J/2S series B
—1981
1st & ref 3%s ser D_—
1968
Penna Power & Light 3J/2s—
1969
4Vis debentures
1974
103%
'■.
124
104
105
Pennsylvania: Co—
107%
'llGVi 116%
A-O
1953
1st gtd 4s
92
124
F-A
k
103%
91%
J-D
1955
series B—
5s
New Orleans Term
J-J
1945
1952
1961
1986
.
New England Tel &
,
107% 108 Vi
Paterson & Passaic G & E Cons 58-1949
Parmelee Trans
90
102%
>100%
>92%
110Vi
103%
J-D
mtge 3 y2s series 1——1966
ret mtge 3s series J
1970
Paramount
55.%
6
104
107
7
1st & ref mtge 3%s series H—1961
Panhandle East P L 3s B—...
110 »/2
64
103%
104
104
J-D
fANew England RR gtd 5s__—1945
103
1 ••-:
.105
108% 110%
Ref mtge 3%s
107%
27
104% 105%
107%
107%
105
110 Vi. Ill Vi
Pennsylvania Glass Saiid 3 Vis—1960
103%
■
.
—
16
59%
105%
107% 107%
M-S
Distillers
3Vis sinking fund debentures
•
*103%
30
Paducah & 111 1st
59%
82
34
88
3
107Vi 107%
M-N
HOVi 110%
Secured 4s-
86%
20%.
1061/4
106% 107%
108 Vi 109%
'
J-D
J-J
J-J
15%
104%
4
108 y8 108 %
108 Yb
,
5
20
,
108% 108%
Pacific Tel & Tel 3 %» Series B..—196R
111% 111%
F-A
J-J
19 Vi
104% 105 Vi
106% 107
108%
Guaranteed 3 y2s trust
3-D
1121/4
110 Vi
1st & ref M 3s series K.
101%
47%
43%
106
.
48%
109%
'81
M-N
1978
111 Vi
J-D
1st &
N
Nash Cbatt
31
J-D
Gtd 4s series E trust etfs—11952
Nat
110
1st & ref
94% :95%
iooy8
57%
M-N
.1947
gtd 5s_
80
108Vi
J-D
106%
96v.
53%
54%
*109% 110
67%
6
.1964
„
114 y4
105%
1
56%
J-D
18
Pacifie Gas & El 4s series G
111%
3 J
M-N
1968
Mountain States T & T 3Vis
& Elec 3%s
J-J
104% 105%
57
,
80
Pacific Coast Co 1st gold 5s—1948
68
60
♦
*100% 101%
J-D
67%
79
19
loivi
J-D
Vi
'..13-;
*94%
M-N
1st gtd 31/28—
Constr M 5s series A—
Essex
J-J
M-S
Oregon-Wash RR 81 Nav 4C_
Otis Steel 1st mtge 4Vis ser A—1962
72
y;
-Vi
106%
14
■
M-N
Guaranteed stpd cohs 5s
72%
r-14-
106 ?
106 y4
79 Vi
71
,59 y2
114% 114.%.;
J-D
92%
72%
5
111% 111%;
A-0
80%
13%
739
V'
76
191
6a
9%
71 ;••• ;•
•
61%
111% 112
112
59
46
,
.
Ore Short Lino 1st
'7
271
•'
51
57 Vi
109% 109%
M-S
Oregon RR &• Nav con gold 4s.—.1946
72%
57%
.
558
13%
12 y4
F-A
1965
mtge 48
Ontario Transmission
72
'56%
V
:•>
A-O
1965-
—
72
*56
1st mtge 4s.
—....1967
1st mtge 3%s.—————..1972
Ohio Edison 1st
71%
-703
'
Morris &
k
183
73
F-A
1st & ref 3%s_—. ,1966,
Power
13
of
debentures
6s
Montana
52 y8
tOgdensburg & Lake Champlain Ry—
§Alst guaranteed 4s—
.—1948
;
.
22%
*7iy2
.1981
A 1st & ref 5s series I
v''\
i 72%
62
2047
56% -72%
.
53
74'
69 y8
416
:
104
72%
;
36
,
61
,'65%
56%
29%
70%
;
M-N
deposit—,.,—
A Conv gold 5%s___
1949
——.
A 1st & ref gold 5s series H__— 1980'
ACertificates of deposit—
J.
27%
70%
29
of
ACertificates
.72%;;
70%
;
deposit—
ref 5s series-G—
&
M-3
1977
4s—.—
ACertificates
A 1st
53%
.
91 Vi
60 J/2
591/4
0
;57
140;
96%
88 Vi
73%
f
453
116
5
J-J
100
73%
*71%
ref 5s series F—
A 1st &
■
125Vi
116
90Vi
90 Vi
2047
.1964
125
92%
2047
5
131
1
96
60%
1907
129
79
95
Q-F
Q-A
(Minn) 1st & ref mtge 3Vis.
(Wise) 1st intge 3 Vis..
46%
"2
120
95%
13
29%
28%
108%
m
14
87
95
110%
30
30%
'386
*109% 109%
48%
20%
11'
3
34
18%
45
109 J/2
18%
„
47%
46%
Jan 2047
gold 3s
37%
142
125% 125%
M-S
Q-J
65%
23
47 Vi
130
Ref Si impt 5s series C.;
2047
Ref & impt 5s series D
......2047
Northern States Power Co-r-
64%
-17.
-
registered
Oklahoma Gas
F-A
—1965
deposit—.—
ACertificates of
;
V
A-<V
adjust. 5s series A—Jan 1967
m-3
—1974"
A_
Ref & impt 4 Vas series A
Ref & impt 6s series B..
38%
56%
59%
1978
J
4%s Series
45 J/2
Q-J
.
150
71%
A Cum
86J/8
86
1997
-
79
65%
Prior lien-5s series A
46
Northern Pacific Ry prior lien 4s—1997
Missouri-Kansas-Texas RR—
^Missouri Pacific RR Co—
A 1st & ref 5s. series A—
82 Vi
84 J/2
J/a
76%
100
>100Vi 104%
84
130
7%
73%
1
76,
„
5
11
4
4
76
.
8
102 A
*43%
38%
7%
\
3-3
O-A
40%
38%
6% *
J-J
1959
5%s series B,
t A Missouri-Illinois RR 1st 5s
5%
40
36 y2
7
104%
F-A
Gen lien ry & Id
3s registered-
29%
38 Vi
M-S
1978
5'/2 s
A 1st & ref
1
High
110%
102 A
A-0
Gen & ref
52
37 y2
38%
J -J
108 J/i
11
2014
12
3%
5%
40
J-J
H
J-J
§ A 1st stamped 5s gtd as to int— 1938
& ref 6s series A
i
1946
■.
38%
7%
73
10%
*4%
10%
13
.1961
fMinneapolis & St Louis RR—
^
Low
109 J/2 109%
109 J/a
1998
mtge 5s conv inc
l§ANorfolk Southern RR 5s A
70
97
102 y2
*65
Range since
January 1
Sold
No.
102
A-O
M-N
Norfolk Si Western Ry 1st gold 4s_1990
North Central gen & ref 5s_...
.1974
105%
55
mtge 4%s. series A.
A Gen
85
73
3
83%
83 y2
Bonds
High
Norfolk Southern Ry Co—-
95
103 y8 103 Ve
J-J
A-O
Week's Range
Last
or Friday's
Sale Price Bid & Asked
Period
Low
18 V*
1979
impt 4 Vis series C
Michigan Consol Gas 4s_
1963
ti A Midland of N J 1st ext 5s— 1940
M-S
Friday
Interest
Stock Exchange
Week Ended March 31
High
16
16 Vi -
j
*93%
•
M-N
Ref &
Bonds.
High
Michigan Central—
1371
BONDS
Week's Range
or Friday's
Last
Sale Price Bid & Asked
Period
Low
t§AMet West Side El
COMMERCIAL ^FINANCIAL CHRONICLE
THE
*87 J/i
110%
31
108% 109%
Reading Co Jersey Cent coll 4s— .1951
Gen & ref 4 Vis series A———. -1997
Gen & ref 4Vis series B.
.1997
A-O
19
97
J-3
99
98%
99J/2
137
94
J-3
98%
98%
99%
25
94 J/i
105% 105%
5
104Vi
106
104 »/a 104%
15
104 J/4
106
104 Vi 104%
37
104'/4
106%
101 Vi
1021/3
100%
99% 100%
.1956
Remington Rand deb 3y8s
Republic Steel Corp 4Vis series B -196L
Gen mtge 4%s series C
^— 1956
Revere CoDDer & Brass 3%S—. _10«0
3-3
tSARio Grande West 1st gold 4s. .1939
Alst cons & coll trust 4s A—. .1949
J-J
93
92
93
A-0
56%
55
56%
F-A
M-N
104%
104%
M-N
*102% 102 Vi
85
151
99%
99%
81
95
44 Vi
58%
THE COMMERCIAL &
1372
YORK BOND RECORD
NEW
Last
Interest
Stoek Exchange
Week Ended March 31
Period
or
Low
No.
High,
Low
High
& Elec Corp—
4%s series D
fi
Gen mtge 3%s series I
Gen mtge 3'As series J--$§AR I Ark & Louis 1st 4%S
fARut-Canadian 4s stpd
t§ARutland RR 4Vis stamped
Rochester
Gas
M-S
Trenton
*125%
MS
1977
mtge
Gen
Gen mtge 3%s series
•111%
UV/2
111%
109%
—
1967
1969
46
12%
48'/a
112
39 %
15 %
23
11%
163/4
12
19
12
16%
16
J-J
&
1
gold
2d
mtge. 5s.
Rocky Mt A p 5s stud
St L
tSt Louis
g
Gold 4%s
Gold 4%s
Gold 4'/2s
ref gtd 4s
Pac RR 1st
&
&
gen
5s
St Louis Dlv 1st gold 4s
Southwestern Bell Tel 3%s B
1st & ref 3s series C
Southwestern Pub Serv 4s
99
94
42%
44%
1,319
33
45
102 %
6
1U3%
xvolt
—
104
1087s
41'
107%
A-O
103% 1033/4
6
102%
1043A
M-N
103% 103%
2
102%
104
110
110%
32
109
110%
106
106
1955
A-O
1952
,.1958
5s
2.20s
42%
433A
12
32 3/4
44
2.35s
487
36 %
49%
2.40s
A-C
1023A
F-A
102%
107% 10774
107%
'
J-D
110
1
106
107
'102% 10274
4
100 34
10274
102%
30
10174
102 3A
102
May 11949
1 1949
M-N
*102%
101%
102%
2.10s
Nov
M-N
*
102%
102 y2
2.15s
May 1 1950
M-N
*100%
1007 a
101 y8
2.05s
102 % 102 v2
1 1950
M-N
May 1 1952
1 1952
M-N
1017's
101%
101%
101V#
103
*ioiy4
M-N
103
*lui%
Nov
Nov
-
101% 101%
4C74
49
46%
3
36%
48 Va
2.45s
May
1 1953
M-N
*101% 102%
35
363/4
1,721
28%
373/4
2.50s
Nov
1 1953
M-N
36
*101% 103%
343A
36
52
28%
373/8
2.55s
May 1 1954
M-N
*101% 102%
2.60s
Nov
11954
May 1 1955
M-N
*101% 102%
M-N
•102% 102%
473A
,
10
70%
83%
74
9
57%
457/8
135
383/4
943/,
94%
92
28%
9
22%
36
36%
37%
60
30%
1
126 %
68%
43%
1
65 3/4
65 3/4
105%
126%
*126% 128
103%
104
105
105
A-O
313/4
38%
102
*1023/4
M-N
102%
•
101%
4
109%
1027/«
94%
28%
48%
102
11
102% 102%
A-O
1951
50%
79
72%
.
j.i
4'As w w
United Stockyards
76'%
49
78%
73
2.65s
102%
97
*15
102%
102
102%
MS
A-O
67%
66%
68%
217
43
69
A-O
30%
29%
31%
206
21%
32%
20
Cons
*112
...1957
M-N
1968
M-S
111 74
1st gold 5s_.1949
MS
95%
f 4s series B
s
*108%'
F-A
Vandalia RR cons g 4s series A—1955
Va
Elec & Pwr 3%s series B
Va
Iron
Coal & Coke
— -
111% 111%
111%
"
95%
F-A
Pub Serv 1st mtge 33/4S__1972
Va & Southwest 1st gtd 5s
2003
1st cons 5s
1958
Virginia
110'A
101
101
A-O
«*
*88%
—
3
101%
110%
100
*110% 111
J-J
9574
90
1
95%
102
89%
80
88%
31
28 %
29%
18
42%
40%
43%
916
28%
40
42
29
27%
59
120
42%
60
40
42
MS
40%
F-A
»
F-A
1st mtge 4s
AGen
100%
102
42
10
9
100%
543/8
2
52%
5
103 %
1053/s
54%
1033/8
*
F-A
A Ref
103 3/s
ARef
106 %
Walworth Co
123
124
Warren
41"
*42
37
39
195b
A-O
ref gtd gold 3%s__2000
F-A
1st mtge 4s
RR 1st
107
108
Washington Central Ry 1st 4s
1073/4
Washington Term 1st gtd 3y2s
6
98%
76%
76%
Gen
66%
80%
245
65%
80%
1st
763A
232
653/4
78%
Western
94
101 %
110% 1103A
91%
245
47
West Penn Power 1st
104
110%
80%
A-O
1
1
146
73%
43
:
96 3A
1103/4
MS
101
101%
104
101
11874
—
*109%
tmom'1'
110%
96%
v4
88 %
9674
103% 104%
''83
9674
104'A
77%
77
9574
96%
104
MS
93
92%
95 3A
1946
MS
93%
92%
95%
97
Funding & real estate 4y2s
25-year gold 5s
*
1950
M-N
10474
103% 10474
53
1951
J-D
30-year
1960
MS
1951
2361
M-N
Union
Western
Telegraph
'•*«*>:
J-J
-i92%
993A
96/.
103 %
1053A 106'/a
•-
•
—
—
100%
106%
10
100%
104 3/8
110%
112%
106%
107%
Wheeling & Lake Erie RR 4s
110%
111%
Wheeling Steel 1st. 3y2s series B
1
111% 111%
J-/J
.-
Westinghouse El & Mfg 2V8s
1st 4s guaranteed
104% 104%
'.
—
~
-
113
5
2361
J-J
M-S
M-9
1st mortgage 3s
1966
1958
1st
1960
J-J
1949
J-J
„
64
10474
100%
103 3A
101
1015/a
72%
557i
81
67
637'a
63%
1949
65 3A
66%
104 3A
102
46
10234 1033/4
101% 101%
104%
103 %
J-J
West Shore
Registered
99%
101 Va
53
6774
Ill
18
1113/4
'
*106% 1063A
J-J
99
Co—
29
5s
112 %
9
1946
Pacific 1st 5s ser A
assented
10974
111%
11074
59
tAWestern
80 3A
108%
108
111% 111%
108
A-O
J-J
1183/4
118
"
'
'
—
46
108
'
J-J
100%
98
1
101
J-J
1977
27
99
102
'
J-D
1952
Maryland 1st 4s
5 V2s series A
103% 103 %
«*>'«#
47 Va
*101
--
J-D
1966
103%
98
9874
A-O
A-O
80 3A
80 'A
99%
387a
*118
F-A
1963
5s E
ref
&
A 5s
J-J
95%
4
*101
F-A
1950
gtd
mtge 3%s series I
1st
J-J
105 *
5s stpd
mtge 3%s
205
96%
42
2
45
100% 100%
Q-M
1967
Westchester Ltg
77%
95%
96%
J-J
99
82%
77 3/4
103% 104
104
A-O
/
69
743/4
77
M-N
40
99%
43 Va
99%
100
.75%
76
MS
M-N
81%
94
332
99
793/8
81%
.
99%
*43
A-O
1948
1945
—1945
guaranteed 4s
1st 40-year
95%
78%
45
A-O
105%
130
Apr
56
1976
.1978
1980
16
100
68
220
41
13
99
100
142
78%
*43
4y2s series C
5s series D
& gen
105%
1063/8
8174
765/a
F-A
5s series B
gen
ARef & gen
82%
81
78
40%
1063/4 107 Va
1063/4
MS
104
81%
•43
107% 108
A-O
J-D
100%
Apr
MS
Ry ref & gen 5%s A
106
106
*106
A-O
103
103 % 104
J-J
mtge lnc 4%s ser B
A Wabash
J-J
1971
1981
IP**!
1975
series A.
mtge 4s inC series A
AGen
55%
103 3/e 103%
F-A
J-J
111
W
62
40
100
100 3/8 100%
1013/4
A-O
10274 103
109 3A
Wabash RR Co—
49
8
42
1013/4 1013/4
J-J
J-J
11074 111*
10274
13
37
11074
42
57%
Jf-8
1966
Virginian Ry 3%s series A
43 %
41
MS
•
>'
_W.
V "•
*110% 111%
'
'
'
V-V
'm-im '
*111 % 112
•
16
54
60
Wilson
Co
&
55
if
105 3/s
„-D
103%
8
102 3/4
104
Winston-Salem
105
-*■
F-A
55%
103
'
Apr
ASpokane Internat 1st gold 4,/2s—2013
Oil of Calif 234s debs
JQ60
Standard Oil N J deb 3s
1961
1053/g
36
104%
1053/4
JAWisconsm
S
B
Central
4s
1st 4s
'9474
94 Va
95
1017a
10374
11674
16
102% 102%
A-O
91%
37
9474
118 Va
'
116 Va 116 Va
1
70%
223
67%
6874
57%
74%
'
103% 104%
9
103 %
105% 105%
3
105%
105%
M-N
1033/4 1033/4
5
1023A
103%
J
1956
1961
104%
of
ACertificates
1053%
M-N
1953
Superior Oil 3Vis debs
8wlft Si Co 23/48 debs—
92%
97%
89'/a
A-O
lain
debenture..
81
1
91%
J-J
1053/4
debentures
44
F-A
Stand
23/4
Serial
19%
103 %
Corp—
Steel
States
6
J-J
—
1st gold
Uinteu
98
J-D
1956
—1956
1990
1951
1904
1968
—1972
6s
6 V2s
gen
Devel
99
93%
J-J
Stamped
---——
Southern Ry 1st cons gold 5s——1994
Devel & gen 4s series A
1956
Devel
99%
95
112
19
J-J
3%s deb
United Drug 3y»s debs
97%
J.J
1950
1955
Term 1st 4s
107%
111
111% lll'/a
>105% 106
1947
1970
1971
198U
grant 4s
35-year 3 '/2s deb
Ref mtge 3%s series A
United Biscuit 3%s debs.
93%
J-J
1949
1977
1968
1969
-1981
A
VT
95
6
99
*95%
-
•
M-N
1979
(Oregon Lines)
'
—
35%
1962
(Cent Pac coll).*
registered
*107%
46%
1950
4s
36
99%
'
Southern Pacific Co—
Div
72%
93%
m*Jm
MS
1964
1963
debentures.—
Mem
67%
63
99
99%
J-J
1935
1954
1961
1941
1952
certificates..
Shell Union Oil 2Vis debs—,
23/4s sinking fund debentures
f§ASilesian-Am Corp coll tr 7s
Simmons Co debentures 4s
Skelly Oil 3s debentures
Socony-Vacuum Oil 3s debs—
South & Nor Ala RR gtd 5s
South Bell Tel & Tel 3%s
Fran
62%
72 y4
70
•
l9ou
B
series B
South
72%
J-J
4s ser A—,——— wo"
of deposit
----
lien 5s series
1st 4V2s
67%
67%
MS
Louis-Soutnwestern Ry—
4s bond certificates
.—1989
A 2d 4s lnc bond ctfs
Nov 1989
8 A 1st term & unifying 5s—
195J
AGen & ref goid 5s series A..—1990
St Paul & Duiuth 1st cons gold 4s_1968
1 ASt Paul E Gr Trk 1st
tJASt P & K C Sh L gtd 4%8—,1941
St Paul Union Depot 3'/aS B
1971
Schenley Distillers 4s s f deb
1952
SciOtO V & N E 1st gtd 4s
1989
ISeaboard Air Line Ry—
§ a 1st gold 4s unstamped
i«ou
5 A 4s gold stamped
J950
8 A Refunding 4s
iy0M
ACertificates of deposit.
A 1st cons 6s series A
1945
ACertificates of deposit
---fJAAtl & Birm 1st gtd 4s_
1933
tASeaboard All Fla 6s A ctfs
1935
San
34-year
J-J
1st
4s
106
J-J
iSt
3s
106
"
of deposit.——----A Cons M 4%s series A
;r
7
ACertificates of deposit stpd——
A 6s
*106
983A
ACertificates
—
1st
M-N
^certmcaies
APrior
F-A
United Cigar-Whelan Stores
Francisco Ry
San
lien
APrior
land
106%
A-O
0
19at>
1959
1955
gtd 5s
& N W 1st
Pub Serv 1st
L
10674
A-O
1959
1967
103
RR—
Pacific
&
105
4s
lASt L Peor
5s——.1945
debentures
*105% 106
J-J
Gull Division
stamped
ACertificates of deposit.-,---.--*.
St
M-N
tSAUnlon Elec Ry (Chic)
Oil of Calif 3s deb
J-J
River &
A 1st
1971
High
101 %
116 3/4
U
A-O
Mountain & Southern-
tSt Louis Iron
3%s
Union Electric Co of Mo
Union
Ltd 1st M 4,/4s—--.1968
Grand Island 1st 4s
1947
& Adir 1st gold 5sJ
19J0
Lawr
*_.
J-J
50
12%
MS
J-J
1949
194J
1103/4
*108 %
MS
1934
Saguenay Pwr
Jos
1953
109 %
3s
Bt
deb A
Tri-Cont Corp 5s conv
January 1
Low
No.
*102% 103
MS
—
Range since
Sold
Htah
MS
Union
St
J-D
1st gold 4s._1946
Gas & Elec 1st gold 5s—1949
Ham & Buff
Toronto
Bonds
Friday's
or
Sale Price Bid & Asked
Period
Ended March 31
Week's Range
Last
Interest
Exchange
Stock
York
Week
January 1
Sold
Sale Price Bid & Asked
New
Range since
Bonds
Friday's
Low
Friday
BONDS
Week's Range
Friday
BONDS
York
New
Monday, April 3, 1944
FINANCIAL CHRONICLE
deposit
5 ASu & Du div & term
of
ACertificates
—~
__
17%
1st 4s„_1936
60 V8
40
*13
deposit
70
1674
"
1974
22%
18
1574
■
Term
Iron Si RR gen 5s
1st cons 5s
Coal
1951
Terminal Assn St L
Ret
J-J
impt mtge 374s series B—1974
&
J-J
gold 4s
Tcxarkana & Ft Smith 5yas A
1950
Texas
1959
deb
debentures
38
Texas
Si
ref
1st
5s
37
105
22
105%
115%
118%
105% 106%
118% 118%
89%
90 Va
89%
91
26
81%
91
89%
90%
50
79%
1977
&
ref
5s
series
C
1979
A-O
Gen
&
ref
5s
series
D
1980
J-D
90%
20
1964
M-S
I960
J-J
78
77%
78
58
A-O
34%
34%
36%
Tex
Pac Mo
Third
A
Ave
Ad)
Tol
income
Ohio
Si
Toledo
Pac Ter 5%s A__.
Ry 1st
St
ref 4s
5s
Jan 1.960
ref
Cent
Louis &
Si imnt
West
19«0
1st 4s
89%
110
*110%
362
A-O
104
108 3/b
1948
M-S
101%
101% 102
22
101%
104
1960
M-N
68
101%
1023/4
Conv
79%
303/4
a
3%s series D
Deferred
Included
delivery
sale
not
In the year's range,
not Included
n
Included
in
the
e
Odd-lot sale not
rCaah sale^A
r.
quotation per 200-*i8
tThe price represented Is the dollar
XCompanies reported as being In bankruptcy,
ucisrmrjff
,
receivership, or reorganized under
Section 77. hi
securities assumed by such companies.
or
•Friday's bid and asked prices;
A Bonds
d Ex-Interest,
year's range,
Accrued Interest payable at the exchange rate of $4 8484.
pound unit of bonds.
the Bankruptcy Act,
1013/4
1023/s 102%
Under-the-rule sale not Included in the year's range.
§Negotlabillty impaired by maturity.
104
102%
the year's range.
In
37%
101%
103% 104
90%
deb 4s
1st mtge 8 f
112
71
96%
>101% 102 y2
J-w
.1950
10774
90%
80%
B
Gen
*
110%
3
106 %
2
M-N
A-O
series
109%
1087a 10874
106 %
J-D
1965
gold 5s
2
10874
98%
93%
97
2000
;
Pacific
61
Gen
91%
110% 110%
J-J
1053/4
51
105% 1053/fl
A-O
Company 3s
98
A-O
1971
Youngstown Sheet & Tube—
*1053/4
F-A
1968
Public Service 3V4s
112
105%
111% 111%
111%
Elec Power 3%s_.
118
111
103
F-A
f
s
118
120
*118
J-J
1944
1953
refund
Gen
Wisconsin
Wisconsin
O
week.
sales being transacted during current
no
•'
selling flat.
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash
In
footnote
a
and
in
the
de'«>rred
delivery sales
wppk
which
In
we
furnish
25, and ending the present Friday
STOCKS
York
Week
Friday
Curb -Exchange
Ended
March
Last
31
Sale Price
a
It is compiled entirely from the daily reports of the Curb Exchange
bond, in which any dealings have occurred during*the current year*
Week's
Range
of Prices
Acme
Aero
Wire
STOCKS—
Sales
New
for Week
Shares
common
J
Mfg
Aircraft
Convertible
Corp
20
Electric
Great
50c
$7
footnotes
see
7%
9
page
1377.
•
•'
Jan
Feb
4
Feb
Feb
7% Mar
Allied
Intl Investing
Feb
9 3/s
Allied
Products
100
7%
700
9
400
x83/8
83/4
2'A
2%
Jan
1,100
2
Jan
2%
Jan
Jan
2%
Feb
35
353/4
Jan
&
Class
Fisher
A
conv
Aluminum Co
6%
lnc
preferred
Aluminum
Goods
Mar
Aluminum
Industries
115% 116
130
114
Feb
116
Jan
104% 104%
*
30
104% Mar
3%
Aluminium
6%
Ltd
preferred
•
100
Mfg
12%
24
No.
50
8%
100
22%
26
30
110%
29%
30%
1093/4 110 3/8
5,700
1,100
Low
High
•
100
12% Mar
25
28
109
Mar
Feb
76%
100
79
100%
500
73 %
200
98
Jan
Feb
3074 Mar
112
Mar
19% Mar
10 %
Jan
Jan
84
Jan
Mar
103
Feb
9 % Mar
•
•
Jan
Feb
Mar
2774 Mar
18%
•
common
common
Range Since January 1
High
25
*
Jan
102
Jan
12%
24
•
common
Jan
2%
Low
10
common
89
Shares
1
$3 conv pfd
(Mich)
new
for Week
100
common
150
1,400
100
1*15%
Jan
Alles
102
3
preferred
21
3%
3%
Sales
Range
of Prices
'
Allegheny Ludlum Steel—
7% preferred
6 3/4
3%
7%
2
2%
50
preferred
For
-.
Week's
Last
31
'
Mar
22
Friday
Sale Price
Exchange
March
-
26
25%
-""""lO
Appliance
Southern
Alabama Power Co
I "
Jan
25%
2
preferred
Air-Way
5
IIIIl
(N J)
common
Alabama
$6
~
common
Accessories
Investors
High
Curb
Ended
20% Mar
B
Associates lnc
Air
10
Low
York
Week
Range since January 1
High
Supply Mfg class A
Class
Ainsworth
Air
Co
Low
ehown
the'New York Curb Exchange for the week beginning on Saturday,
itself, and is intended
complete record of the transactions on
(March 31, 1944).
'
Par
RECORD
YEARLY
transactions of the week, and when selling outside the regular weekly range are
No account is taken of such sales In computing the range for the year.
to include every security, whether stock or
New
AND
disregarded In the week's range unless they are the only
they occur.
In the following extensive list
.
March
are
h
:iif?
Volume 159
THE COMMERCIAL
Number 4269
& FINANCIAL CHRONICLE
NEW YORK CURB
STOCKS—
York
New
Curb
Sale Price
Book
American
American
Convertible
Mfg
6%
Low
33
7
1
6%
25
A
42
&
10
Foreign
American
Fork
American
Gas
10
1
100
Hard
Rubber
American
Laundry
American
Light
6%
Mach
25
preferred.
American
Mfg
Potash
American
American
..
1st
Chemical
&
♦
10
common
Thread
American
Writing
5%
class
A
Art
Equipment
1%.
■
Oil
&
*
pfd—100
American
•
dep
Tel
Aoauciaied
rects
Mar
26 %
35%
l'ft
25
41%
14
12%
-
•'
Jan
43
88%
'
Feb
91
1
4,500
300
,
45'ft
150
14%
%
Jan
108%
105%
2,200
Jan
4%
15%
3%
4'ft
500
3%
Jan
4 % Mar
~5%
5%
5%
2,100
4%
Jan
6
2%
Jan
3
16%.
3
2,700
"Jan
3
400
2%
2%
200
16%
16%
100
108% 109V'4
520
106%
108%
800
3'ft
Jan
6,400
3%
18%
Feb
Jan
16%
3%
3%
3%
"3%
4
Jan
Jan
18%
10
10%
101
103
3,100
9%
40
97%
Jan
,
% Mar
$6
7%
7'ft
7%
9
9
9%
6%
6%
6%
7'ft Mar
9
7%
Jan
9%
Jan
5%
Jan
6% Mar
Atlantic
Coast
Coast
Atlantic
Rayon
Atlas Corp
class
Coast
Atlas
Drop
1
Co
(B F)
1
5
1
Machine
•
_
—
43%
1
Jan
1 %
l'ft
1,400
31
—
12%
Jan
7'ft
■
7%
10'ft
5%
Jan
2
Jan
Jan
800
5%
10%
Feb
100
3%
Feb
4%
Columbia
Feb
8
12%
57o
Jan
10%
100
Feb
9%
Community
Feb
23
9'ft
*
10%
5% Mar
21%
•
— -
Jan
Community
Jan
10% Jan
Jan
Wilcox Co
&
Baldwin
V
7ft
for
warrants
common
Barlow
&
Basic
Co
Seelig
1%
(L)
Beaunit
1
.
A
Inc
of
&
Inc
10
14%
1
Jan
3%
Feb
Consolidated
Retail
15%
150
13
Feb
15% Mar
400
100
3%
4%
13%
7%
W)
Blumenthal
Bohack
Ct
& Co
Co
;
Scrymser Co
1st
2d
preferred
;
common
......
Class
A
Co
A
:
7%
1
10
Oil
Celanese
Amer
Co
&
7'ft
Con
65%
1%
Reynolds
$6 preferred A
Jan
Feb
7% Mar
7%
25
6%
Feb
8
Cosden
5%
Jan
Petroleum
Jan
14'ft Mar
Jan
14'ft Mar
3%
Jan
7
6%
Jan
39
56%
Jan
71
3*2
Jan
3/64
20%
Feb
23
500
%
i°6
j
4%
33%
Jan
5
Feb
69
Mar
63%
Feb
113%
Feb
116% Mar
Feb
110'ft Mar
105
70
5%
35%
4%
1,300
Jan
32
450
6
Jan
6V2
7
10
'
1% ft
7
*J,,,
500
,
,
v
Jan
Jan
114%
Jan
-1%
Jan
;
1% Mar
10%
1,600
9'ft
Jan
10%
Feb
3%
1,700
3%
Jan
3%
Feb
Mar
106%
3 'ft
—
Jan
114%
'
'■
1%
-10%
6%
1,100
'
—-
.
1%
y
100%
100
101%
140
9%
10%
12%
250
5%
ft
6%
1,900
%
ft
1,500
-
.
100
1.800
12%
10
6%
9
5%
"l%
2'ft
85%
1
2%
2%
50
27%
26%
receipts (ord
reg)__£1
~2%
Feb
6% Mar
Jan
U
Feb
Jan
84
13% Mar
Jan
1%
5,000
10% Mar
13%
Feb
'ft
■'
Jan
Jan
Jan
12%
12
•
—
Feb
36'/a Mar
~
•
common
Jan
140
110%
5%
34%
—
Feb
1% Mar
Jan
4
300
116%
108
108
11%
Feb
900
69
116
■
Jan
33'ft
•
Jan
Mar
%
'ft Mar
500
1
Mar
Janft.
9%
500
%
...
4%
Jan
47% Mar
700
600
>
66
Jan
3
Mar
200
68'ft
Feb
9%
2% Mar
1,600
Feb
10% Mar
4% Mar
1,700
11%
preferred—
convertible
Jan
Feb
2 'ft Mar
86%
40
2'/2
900
2
Feb
2% Mar
200
23
Jan
29'ft Mar
'29
Mar
86 %
Courtaulds Ltd—
Mar
13
2,100
12 % Mar
15%
Mar
Class
1 %
Jan
48%
550
43%
Jan
48 % Mar
C
200
10%
Jan
14% Mar
Croft
300
7%
Feb
11% Mar
Crowley Milner & Co
100
97
97
27
27
11%
11%
«V." %
15%
100
97
%
500
Mar
Crown
Mar
Crown
Jan
Crown
40
100
"49%
20%
1
11%.
.11%
2%
.11%
Jan
27
10%
Jan
11%
%
Jan
6%
Jan
1
Jan
3% Mar
Jan
20% Mar
Cuban
...35ftJan
...12%. Feb
Cuban
500
260
2%
20%
24
200
17'
2%
•
80
..
900
2,300
105
Jan
18%
% Mar
17% Mar
Power
r
3
4,200
10%
10%
11
700
7%
9
5,800
1%
Rubber
Co
Co
class
A
1%
Mfg Co
9%
Jan
13%
Jan
600
6%
105
Jan
10%
common
Jan
1
175'
1,200
700
17%
17%
400
22%
21%
23%
7,700
81 %
Jan
111
Feb
Jan
14
Mar
18
Feb
18% Jan
Feb
20
Feb
Jan
17
Feb
Jan
4% Mar
3%
Feb
4'ft Mar
14'ft
2%
2
$3
2,400
21%
100
9%
*
Sullivan
16%
100%
2.50
16%
100% 102 %
$6
8%
A
Voting
certificates
&
500
1%
Jan
Gasket
21
Jan
&
Mfg
American
Calamba
dep rets 5%
Sugar
California
Tungsten
Fire
'
Detroit
Mich
Stove
Detroit
Steel
footnotes
Ltd
Mar
2% Mar
22%
Feb
De Vilbiss Co
7 %
Co
common—
see
Assn
-1,100
ft
Feb
Shoe
Co
fg
Feb'f-i'if, 23% Mar
—
3 'ft- Jan
6 % Mar
Feb 53
,
34%
34%.
750
ft,
•
30
•
1
3
T- b8*a oft
3%
1,400
r.-
JarfnO
Jan
*
3'/a
6%
73
6%
73
900
20
x3%
'
x3%
x37ft
24
24
%
1,000
700
Jan
4% Mar
77
120
Jan
-
Mar
?eb
7%
Feb
79%
Feb
3%
Feb
13
Jan
19
1
Mar
7
Jan
Jan
127/8
'/8
Mar
36
Jan
5%
73
Mar
18% Mar
Jan
113
6%
34
26
?
15% Jan
33% Jan
65
•
vft ft*'
,.~.ri
17
6% Mar
3%
Feb
?«3
Jai
7,600
jan
Feb^'iiii
19%
■
34
30
Jan
11%
10
ftJL
20%
Jan
Jan
■'
1
4%
Jan'
Feb
Mar
Jan
20%
common
Jan
23% Mar
22
Jan
25'/a Mar
10'/a
20
—10
preferred
P'amond
Feb
10'/2
13% Mar
Feb
13% Mar
Ltd—
"9%
Feb
4,700
17%
Jan
Dobeckmun
550
97%
Feb
104'/a
Jan
Domestic
1,300
9'ft
Jan
12
Jan
Dominion
Bridge Co Ltd
Feb
31%
Steel
Am
—
.£1
———
„1
dep rets ord reg
Corporation
Co
13
Industries class A
com—
Jan
Dominion
900
1 % Mar
1%
Jan
Dominion Tar & Chemical Ltd
14,500
3'ft Mar
4
Jan
Draper
5%
Jan
Driver
Harris
4%
500
4% Mar
1%
1%
1.600
Jan
Jan
7,700
1% Mar
1% Mar
Duro
Duval
400
13
Mar
„1
%
5%
Jan
Jan
Feb
6 'ft
200
5%
100
~6'/a
Feb
6'/a
6
Jan
14
Feb
6% Mar
13%
Feb
6% Mar
1%
class B
25
67
Feb
72% Mar
27%
50
26%
Feb
29 %
74
Feb
79% Mar
*
lio
Co
~6%
27%
.25
B
72
79%
Coal
~6%
7'ft
Mar
Feb
Jan
Sulphur
25
5'ft
300
3'/a
Jan
3'ft
200
2%
Jan
9%
7a
79%
4%
3%
common.
Corp common
Texas
6%
72
fr
Hosiery
Test
100
10%
Corp
4%
13
.6'ft
-1
common
3%
6%
6%
6%
200
6% Mar
7%
7
7%
700
5%
Jan
7% Mar
5%
5%
5%
4,000
4-/4
«Jan
6°/a
8
pfd_100
1377.
6%
6
18%
"3%
Mar
2% Mar
25% Mar
3
-10
Jan
1
page
7,500
-10
common
Jan
9
1
fi%%
100
22%
—
33%
14
Jan
Feb
300
10'/a
20%
-
1
Products—
80
10
Corp
Co
Jan
2
24%
9%
300
9'ft
Jan
2'ft
1,000
1%
Feb
250
56'ft
Jan
70
1,450
32%
Jan
40
Mar
941/r,
Jan
?»
1WTor
5'ft Mar
3'/a
10
Jan
Mar
£1
Power
Insurance
Om^nt
pfd
Estate
Electric
10%
1,800
-20
Gray Iron Foundry
"1%
1%
700
2%
III
preferred
Detroit
3%
tt
14
—
«
"l'/a
1%
12%
.100
—
com...
preferred
3%
Wireless—
4J/2 Mar
.i_——. ..50
9%
1%
Jan
"%
Duke Power Co
50o
3%
16%
5
common
debenture
convertible
Durham
Cable Electric Products common
1,400
1
Mfg class A
prior preferred
9%
25c
common
4%
-35
15%
1,000
•
—_12%c
Jan
IIZi
"l%
preferred
Corp...
H)
i6
Feb
4%
24
Dejay Stores
Divco
Corp Am dep rets
(P
__5
convertible
31%
♦
.25
preferred
Inc
A
17% Mar
Jan
Jan
•
•
1%
Jan
D
Distillers
21%
Jan
3%
10%
21%
•—
,6
24% Mar
Feb
17'ft
77%
2%
%
200
2.50
Darby Petroleum common
Davenport Hosiery Mills
Dayton Rubber Mfg
6%
5
preferred
^urry
Inc, common
(Mo).—
Detroit
4%
12.100
2%
Feb
1%
3%
4
12%
■—
Jan
1%
4%
—
Jan
Feb
1% Mar
15%
18
5
2%
4
10
—
28'/a Mar
l'/a
•
common
8% Mar
Feb
2% Mar
4%
4%
•
8% Mar
24%
Feb
20
18
1%
25
common———
Lighting
Curtis
500
.
*
common
&
Tobacco
Curtis
4,000
2%
25a
preferred
Sugar..
Feb
•
1
/-
Mills Ltd
Hill
Atlantic
Class
18
A
200
27'ft
2%
—
—5
common
Crystal Oil Refining
$6
preferred
Jan
3%
Niagara & East Power—
1st
International
22
12'ft
97% 105
1
Buckeye Pipe Line
$1.60
Cork
Drug Co
convertible
Jan
2% Mar
101
9
1
(Md)
8%
26%
,
V
•
Petrol
21%
2%
17%
preferred
Co
Cent
n<b
26%
*
13%
Brewing
8%
8
10%
preferred..
(EL)
dep
Petroleum
Liquidating Co
Derby Oil & Refining Corp
Forman Distillers
Bruck Silk
W
9%
*
A
Creole
1,600
10s
B
$5 prior
American
Jan
3
2%
Ltd—
Columbia
For
37%
3 % Mar
5,350
22
'ft
50
s
&
,on
Dennison
Fence & Wire common,
Cnned*
2%
11
1
14%
Feb
Mar
3,900
*
41
%
1
Jan
Jan
5%
11
200
7%
2'/a
39
•
37
Jan
Jan
10
aa
100
Steel
Paint & Varnish Co—
13%
•
dep rets ord reg
Camden
14
21
lOo
preferred
prior
Mar
%
11%
■
*
Tobaccos-
Callite
**
65%
•
Copper Range Co
Cornucopia Gold Mines..*.
%
9
22%
%
2,400
*
7%
100
Coro Inc d
12
Jan
Jan
34
5%
1
Jan
1,700
10 % Mar
Jan
500
13%
5%
5
Jan
4% Mar
130%
•
American
Cables
7
18
40
100
Ltd
34
•
common
American
Butler
7% Mar
6%
__
4%
Jan
dep rects ord bearer
£1
dep rets ord reg. ....—£1
Burma
Feb
200
•
66%
Corp
13%
100
British
Burco
100% Mar
200
13%
•
Smelt
tu
10%
*
British
$5
Feb
n
13%
100
Feb
Jan
47
•
*
Mfg
Bunker
13%
1
common
Feb
6%
2%
•
B
Buffalo
Feb
98
9
•
2%
100
preferred
Bruce
Mar
102
4
1
common
127%
♦
1
.1—
class
Corp
Class
_
Co
Preferred
Brown
103
Jan
20
warrants-
Co
Cook
250
1
.
Aeronautical
Bridgeport Oil
Brown
Textile
Continental Roll
1,500
12%
•
& Pwr
Bridgeport Gas Light Co
Class
Consol
Jan
7%
2%
*
Traction Lgt
Brewster
Brown
Jan
99%
29% Mar
Continental; Gas & Electric Cc—
8% Mar
13%
12%
«~
common
preferred
Corp
British
85'ft
.
700
-
2%
Stores
Steel
14% Mar
7%
1
25
Tnc
Brazilian
British
Jan
r
25
Utilities
•
preferred
Bourjois
Am
8%
610
53/8
Co
•
common
Bowman-Biltmore
Am
Consolidated
51—.
13%
1
common
(S)
(H
1st
Brillo
Feb
7%
•
common
3,900
Jan
•
(E
7%
•
109% Mar
•
20
1
17% Mar
Jan
7%
•
preferred...
Royalty Oil
23
Feb
Feb
92'ft
—
*
Ridge Corp common
$3 optional convertible preferred
Brill
Jan
14 % Mar
22%
13%
3,100
»
35% Mar
1
Breeze
6%.
*
ft Mar
20
.
%
100
«
Mar
8 % Mar
"
1,900
128
1
$5
100
8
14%
23
Jan
93
'■
4
*
Consolidated
3%
'
104% Mar
Jan
9
__
Feb
Jan
102
7%
Jan
Jan
-14%
'ft
17%
-
7%
Jan
8
6%
—
1
33%
Fay & Mach Co com..•
common
Blue
..
2
—
101
8%
19,900
10%
10%
7
Jan
7% Mar
275
105% 108
10
preferred series C
2,900
*•
10%
Feb
7%
500
♦
—,
preferred..
2%
128
steel
7
4%
B
Gas
•
preferred
Biscuit
series
Mining
•
Inc
7%
% %
Consolidated
Jan
16
*
Consolidated
2'ft
6
3,175
16%
Co
Secur
Jan;
—
29%
15%
1946
to
Coke
Feb
14%
"5%
100
common
&
7%
23
Birasboio
Borne
8% Mar
,
20
Canada....
extended
c
Gas
40%
8
26%
28
106'A
1
Jan
•
ft
Service
Jan
5%
Jan
8
176
Water
6%
4% Mar
82
92
7%
25
39 '/a
800
350
90%
100
100
4%
Jan
Service
300
.
97
*
Southern
6%
■.
Berkey & Gay Furniture
Bliss
Feb
40
4%
Bickfords
Blauner's
13,400
6'ft
150
Feb
Mar
% Mar
Jan
103% 104%
115
Electric—
&
15%
1
common
Hedges
Convertible
7%
100
.
Ties
convertible preferred
Bellanca Aircraft common
Benson
*
&
9%
Jan
13%
104
Jan
99% Mar
Feb
'/a
800
13%
1
Consol G E L P Bait
Mar
25
112'ft
3,500
13%
preferred
Arms
2%
2%
1
$1.50
Bell Tel
Feb
6%
25
ft
%
13'%
common
6'ft
5
common
Mills
20'ft
115
Jan
Jan
9%
Jan
115
Jan
Jan
4%
Mar
50
preferred
8%
common—.
1st preferred
Brummel
Beau
1,400
Mlg—
Refractories
Baumann
40-
1
common
Steel
convertible
$1.20
6%
30
Rubber
Stainless
Barium
24
t
preferred
Baldwin
22%
8%
200
Public
Consolidated
Locomotive—
Purchase
t
Conn
$3
•
97
Compo Shoe Machinery—
Feb
B
Babcock
Gas
4%
300
5%
x8
170
500
1,000
.100
preference
Commonwealth
Mar
5
800
9%
6%
Colorado Fuel & Iron warrants
Fire
21
6%
Airlines
Patent
12'/a
Jan
99%
—
Development ordinary
Colt's
Jan
3% Mar
99%
1
Corp
10
700
8%
X8
—
1
1
Co
8% Mar
9%
10
Utensil
Plow
8% Mar
7%
common
Coal
8%
5%
10%
Mar
8
Jan
1,600
11
4%
44
Jan
1%
Colon
4
5
Mfg
Illuminating
Feb
16% Mar
7%
Co
Aluminum
Colonial
U%
4
Lights Inc
Feb
111
500
•
Electric
Cockshutt
Feb
7%
10'ft
Club
Feb
Jan
8
99%
25
$7
116
Jan
21
•
L
&
& Lambert
Clinchfield
Feb
80
11%
3%
•
Cleveland Tractor
2% Mar
Jan
8%
100
1%
25
.
800
'
5
Collieries
10%
40'/a
—
1
& Sons common
Patoka
10%
l'ft
Corp—.
preferred
10%
50
Forge common
Voting
%
P
Neon
11%
5
:
Jan
Jan
7%
Mining
Mar
12%
7%
Co
Feb
9
114'ft Mar
2,800
—
1
...
25
48%
108'ft
—
.
7% Mar
2% Mar
75
_
Products
Automatic
800
100
Corp
Plywood
Automatic
^ u
•
pfd
Fisheries
Line
warrants
Atlas
•
A
RR Co
15%
—
•
Controller
Claude
Cleveland
Jan
14%
Feb
7'ft Jan
46'ft Mar
5
preferred
Clayton
6%
180
10
Co
common
Service
Clark
•
£1
Co
City Auto Stamping
City & Suburban Homes
Jan
500
1,400
2,500
-
50c
Feb
13% Mar
■
100
preierred BB
$6
Jan
100
47
-
pfd—100
pfd
X23
„
Q
46%
1
Light 7%
Jan
2
Jan
14%
•
com
5%
preferred B
Cities
10% Mar
106%
Elec
144
Jan
12'ft
4
preferred
60c
4% Mar
Jan
&
West Utilities
A'rcraft
Service
$6
Mar
4
&
South
Consolidated
Cities
Feb
110
1%
150
—
Products
§Childs Co preferred
Jan
3
Jan
2,200
.
1
Power
Steel
Power
Chief
Mar
3%
2% Mar
13
Gas
York
&
'
1
Canada
14
...
Ohio
Cherry-Burrell common
Chesebrough Mfg
Chicago Flexible Shaft
Chicago Rivet & Mach
Jan
1%
Jan
5% Mar
Jan
13%
Q
10
America
Hudson
New
•
5% Mar
4% Mar
1%
—.
•
*
Co
of
Cnainoerlin Metal Weather Strip
Charis Corp common
Jan
21
Feb
13%
1
com
&
Corp
Cessna
ft Jan
111
Co
Central
14% Mar
Jan
(A M)
W)
Central
46 % Mar
Jan
3%
(J
Central
Mar
10%
2,700*
%
107
•—
1
-
25
Jan
4%
144
•
Central
Feb
1% Mar
Jan
100
1%
1
common
Central
Jan
Feb
-
41'ft Mar
20,800
i'
Jan
22'/a
'
5
Co
reg
Tel
&
&
Birm
Atlantic
6%
26
V
5%
•
Products
Catalin
'
41%
2.50
new
Associated Laundries of America
Ayrshire
18% Mar
i« '•
Corp
Castle
28% Mar
Feb
A
preferred
Carter
Mar
xl 8
Feb
167ft
'
5%
•
Casco
Electric Industries—.
Associated
Avery
uw
2,800
•
$6
Jan
25%
'
1
•
common
Refining
Breweries of
Associated
Jan
5%
s —
•
Carrier
Mar
600
class
Carolina Power & Light $7
preferred
Mar
43%
Jan
Co
Co
common
6% Mar
37
5,000
;
25
1
non-voting_
Corp
Works
Metal
Atlanta
!.
W—
:'V J:
preferred
Ashland
15
50
!
111
&
Products
Class B
Carnation
'
10
Arkansas Power & Light $7 preferred.*
Aro
'v
18%
—
-
.
—_£.—.2^
.
Natural Gas common
Common
Q%
16%
28
-
41'ft
75
i
Jan
15%
common.—•
Angostura-Wupperman
Apex-Elec Mfg Co common
Appalachian Elec Pwr 4%%
Arkansas
Jan
107
City
Carman
Jan
'
preferred——5
Paper
Fence
Post
Jan
34%
17%
•
$0 series preferred—
American
Anchor
5%
50
27
•
Corp
preferred
$6
275
42%
2
Superpower
Jan.
16% Mar
1,100
4%
5%
•
100
1
28%
6
5%
•
Jan
37
voting
Capital
Jan
Low
21
Industries Ltd—
preierred
1%
Jan
Range since Jg»uary 1
High
—
•
Canadian Marconi
15%
Shares
Alcohol—
Feb
26%
111
non
Low
for Week
25
Feb
200
16%
17%
•
Republics
1
7%
preference
voting
Canadian
Sales
Range
of Prices
Foundry Ltd—
41%
4,700
42
1
Co
Seal-Kap common
American
6,500
Week's
,Last
Sale Price
31
45
38VB Feb
37'/a Mar
4,200
l'ft
5%
100
Maracaibo
American
2% Mar
28%
37
100
common
Meter Co
American
41% Mar
Feb
25
Co
Preferred
American
Jan
1%
&
Industrial
A
Class B
44% Mar
35'/a
16%
110
20
common
38'ft Jan
250
39%
1
25
Co
& Trac
Canadian
7% Mar
450
Car
Participating
Mar
27%
6
General
American
33
4,400
1
Friday
Exchange
Par
Canadian
2% Mar
16%
28%
convertible
$2
2%
■
Corp common—10c
preferred
1
$2.50 convertible preferred
1
preferred
4% %
38%
—
*
common
Electric
42%
38%
110
American
Jan
'
39 %
Power warrants-
Hoe
&
&
41
10
non-voting
American
Jan
5%
Curb
Ended March
Higfi
Jan
28%
York
Week
Class
.
class
Cyanamid
B
1%
500
*
'
2'ft
Class
100
120
2%
37%
American
Range since January 1
*jight—
A
class
32%
_
&
STOCKS
New
Shares
High
2'ft
100
Power
Cilies
Low
1
Co
Central
American
for Week
of Prices
Par
American Beverage common
EXCHANGE
Sales
Range
Friday
Last
Exchange
Ended March 31
Week
Week's
1373
7%
Feb
Jan
East
Gas Si Fuel Assoc common
•
4%%
100
1%
100
6%
prior preferred
preferred
ctom
Mflllpnhft
Tron
25
64%
36%
65%
35%
38
2 % Mar
Mar
THE COMMERCIAL &
'1374
Monday, April 3, 1944
FINANCIAL CHRONICLE
NEW YORK CURB EXCHANGE
March 31
Week Ended
Week's
Friday
STOCKS
Sale Price
4
36%
100
33%
Jan
36
36
preferred series A
preferred series B
Eastern Sugar Associates—
$5 preferred v t c
Easy Washing Machine B—
Economy Grocery Stores
Electric Bond & Share common—
$5 preferred
$6 preferred
Electric Power Si Light 2d pfd A—
Option
warrants
Electrographic Corp
$7
$6
Watch Co
Elgin National
500
36
—
36%
200
33%
Jan
45%
5%
600
7%
Jan
10% Mar
Indianapolis P & L 5%%
900
83%
Jan
Indiana Service
94%
4,000
88%
Jan
93% Mar
95
Feb
Jan
65% Mar
Industrial Finance v t c common
% Mar
1% Mar
100
%
%
8%
1
stock.. Ills
10%
...1
9%
116
Jan
44
Feb
Jan
4%
Jan
5%
Mar
31%
31
50
31
31
.
Engine &
aircnila
1
Inst Co
Airplane
Fairchild Camera Si
f
1
Brewing—
Falstaff
Class
A
B
Jan
12%
Jan
Feb
18
800
5%
14%
5%
400
6
25%
100
280
60
4%
900
4%
Jan
4%
2,000
19%
Feb
20%
20%
25
19%
Jan
4%
2%
Feb
4
Jan
150
14%
400
10%
14% Mar
65
66
Jan
37
Feb
45
Jan
X68
7%
Feb
8
Alloys Co
2%
1%
2%
1
•
Mfg Co common
General
73
1%
1,500
1%
iil
3
Jan
200
2%
1%
Jan
12%
Cl
1
preferred series A
10
General Fireproofing common
•
Gen
las & Elec $6 preferred B
•
General Outdoor Adv 6% pfd
100
General Public Service $6 preferred—*
-
General
Corp com
preferred
convertible
$6
•
1
•
1
•
•
•
•
stock
Co A
Rayon
General Shareholdings
Gen Water Gas & Electric common
preferred
i
1
Georgia Power $6 preferred
$5 preferred
$3
Inc
.
Gilbert
(A C)
common
Alden
4
8%
11
45
111
119
Mar
Jan
77% Mar
Mar
1%
75%
Class
11%
600
175
75
111%
8%
B
Jan
100%
Jan
;
Feb
l*
51% Mar
Consolidated
Goodman
,
r
14%
10
37'A
25
40%
Mines..
11
Lake
Mfg
Gray
.
—i
Co
Non-voting
7%
1st
Great
6
9%
Products common.,
Utilities $5.50 pfd
Stores
States
$6
91
Feb
32
Jan
7
Mar
4%
Jan
7
Jan
250
84
Jan
93%
136
50
33
Jan
132
250
Lit
93% Mar
" Mar
7%
7%
33%
Hartford
Electric Light
Hartford
Rayon
Harvard
Hazeltine
Hearn
Dept Stores
6%
20
Hec»a
...
600
24
%
550
48%
30
1%
1%
800
3%
3%
1,800
5%
5%
300
29%
700
29
Feb
Jan
Louisiana
Land
112% Mar
Louisiana
Power
Mar
5% Jan
8
7 %
Corp
5
Jan
500
4
"7% "7%
19% Mar
24
Mar
Jan
50
Mar
47
1 %
Feb
2%
Jan
5%
Jan
28
Jan
3%
Jan
Jan
1%
Mangel
$5
<fc
,/: 6
Co
Preferred
Henry Holt
Manischewitz
Feb
3% Mar
&
Light $6 pfd
Heyden Chemical common
(R) & Co class A
4%
44
Consolidated G
Hollinger
Horder's
Co
M
7% Mar
Jan
14% Mar
McCord
Jan
123/4 Mar
McWilliams
11
11
200
9%
Jan
11
6%
(Geo A) Si Co common
(A C)
27%
27%
50
26
Jan
27%
14%
250
12
Mar
143/4
Feb
19
20
600
19
Mar
28
29%
800
24
Feb
Mead
Jan
14
28%
Jan
Horn
&
Hardart Baking
Horn
St
Hardart
10
1,450
14
150
Jan
9% Mar
10%
13% Mar
15%
13
Mar
36
Jan
5%
'35
•
4%
preferred
—
Hubbell
(Harvey) Inc
Refining
Fibre
Corp
5
Co
•
1
Hussmann
Ligonier
common
1st preferred
Hydro-Electric Securities
t
98
?
Johnson
Mercantile
&
common
Merritt Chapman
■■■;
& Scott
Warrants
A
Dividend
Illinois
arrear
Zinc
ctfs
Co
footnotes
1
page
1377.
18% Mar
121%
10
Feb
124
Jan
300
9% Mar
10%
Feb
9%
Jan
17%
Jan
111%
Feb
111%
56
•
—,
Jan
Feb
Feb
66
~~
""""
.
Feb
45%
Jan
55
~2%
~2%
1,000
2%
Feb
3
5%
5%
3,500
4%
Jan
5% Mar
%
200
%
%
v-'/vC
12% Mar
;
Feb
8%
Jan
16% Mar
Feb
Mar
12
Jan
-
Mar
15%
—
—•'
'
—
Mar
9
Jan
20
Jan
Jan
106
Mar
Feb
95
Feb
12%
'
100%
84%
—
Feb
13
Mar
7%
Jan
16
—
110
102% 104
V
."(HA
500
9%
9% Mar
'48%
Feb
45%
50
37
Jan
13%
12%
13%
4,900
12
Jan
15
Jan
2%
2%
2%
800
2%
Jan
3
Jan
3%
3%
3%
600
2%
Jan
3% Mar
105 %
Feb
12%
12%
900
9%
Jan
12% Mar
Jan
26% Mar
45
45
.
21
5%
Feb
5%
Feb
110
Feb
^3
U
•
Vr
Mar
5% Mar
25
Feb
35% Mar
A
Jan
iy8
Jan
27%
Jan
29 %
Jan
10%
Jan
11% Mar
100
10%
Feb
11%
24%
100
22'%
Feb
24% Mar
2Va
200
1 %
Jan
2% Mar
%
%
3,500
29
200
10%
10%
500
11%
11%
24%
2%
29
29
24%
—
-.V
—
-
Feb
18%
Jan
18%
15
Feb
16% Mar
8
Jan
8%
8%
8%
3,600
If
%
%
2,500
Jan
8%
Feb
1%
Jan
'
U
125
Feb
51
49
69% Mar
Jan
Jan
64%
64%
65
58%
58
59%
675
7%
5,100
6%
Feb
111% 111%
20
109'A
Jan
6%
7"
111%
61%
Feb
7%
Jan
111% Mar
iviar
28%
26% Mar
800
27%.
25%
Jan
Jan
1%
8
8% Mar
,Jan
Jan
81
100
33
Feb
33 % Mar
19
Feb
26
Jan
7
33%
33%
19%
21
200
5%
6
1,400
21
5%
1%
1
4%
7%
100
6%
300
2%
Jan
800
8V2 Mar
150% 151
60
4
5,000
3%
50 %
4%
10%
151
Jan
Feb
Jan
Mar
Jan
4% Mar
Jan
3%
41
250
50%
/
Jan
138
«
Feb
7%
Feb
4>/8
x8%
7%
Jan
1% Mar
U Jan
1,100
8%
Metal
Textile
4% Mar
..1
Corp..,;.
52% Mar
111 1/4
Feb
Preferred..
"l%
1%
1%
"i 2%
'
4%
12
•
1
1
5%
Feb
20 % Mar
Micromatic Hone
—1
~6%
6%
Jan
43% Mar
Middle States Petroleum class A v t c.l
9%
10%
5% Mar
*
'
Class B
t
1
li
500
6%
Jan
8% Mar
Middle
27/a
2%
Jan
3%
Midland
Oil Corp
26
750
20%
Jan
Midland
'*
36
110
-
-•
-
Jan
■
Mar
Jan
5%
■
/
Jan
Feb
M Feb
\l Mar
6
Jan
Mar
3%
116
Jan
2% Mar
4%
1
■
18%
1,700
3
Jan
1,300
'
.
'
150
•'%
4%
38"%
3
10
Jan
36
'
200
2%
100
7%
'»
"-5
116
116
10
'.
Jan
2%
100
.1-
"•
Corp
Feb
Jan
1%
1%
1,700
■■3 y
3
-
-.
1%
103%
%
•
1
2.50
Jan
99% Mar
u
.15
i_.
Michigan Sugar Co.
Feb
8
Jan
6
700
■
'
25c
V
Participating preferred
1
/'.Metropolitan Edison $6 preferred
Michigan Bumper Corp new
4
Michigan Steel Tube..
26% Mar
6%
6%
6%
3,200
Jan
Feb
81
20%
4
2V8 Mar
Jan
5'A
300
42%
600
1%
100
7%
3%
•
Messabi Iron Co
5%
Jan1
7V4
Feb
5%
Jan
7% Mar
8
400
1,100
Jan
10% Mar
2
2%
2,400
■*
2% Mar
1%
Jan
9%
Jan
11% Mar
9
Jan
10
20
2%
•Jan
21% Mar
24% Mar
26%. Feb
Steel Products—
22
26
11
'
(
•
26
Feb
100
11
9%
Jan
13
v
West
c
5
10%
$2 conv preferred—*
9%
Corp
common
—
10%
6,700
10
200
25%
650
Mai-.
$2 non-cum dividend shares
Co
•
24%
•
common
Abrasive
Mid-West
1
Midwest
Midwest
Oil
10
Pining
&
7%
6,600
4%
Jan
7% Mar
46%
1.700
43%
Jan
46% Mar
12%
14%
13,200
9%
Jan
14% Mar
Mining Corp of Canada
10%
10%
150
9%
Feb
11%
Minnesota
Jan
Refineries
Mining
&
II
~8%
Mfg
.
8%
Jan
15%
Jan
•
16%
16%
200
2%
2%
100
•
•
Jan
2,300
8%
1
Supply
6%
Mid-West
1%
50
Co
45%
'
;.
.
Mar
Mar
46%
•
see
.<98% Mar
Z Mar
X104
Jan
♦
550
-
7%
--
For
'
14%
100
2%
7
50
Jan
10 %
5
i
14
common
Feb
13%
—•
....
preferred
Jan
|
preferred
92
10%
•
Co
Stores
Midvale
conv
94% Mar
20
*
5%
Feb
•
4%
0
Illinois Power Co
87%
•
•
Dredging
Jan
•
1
Feb
2% Mar
<•
2%
,
75
122% 122%
10%
1
c
Radiator & Mfg B
7%
«...
1
Hygrade Food Products
..
41%
42%
Jan
7%
Jan
Z
100
93
20%
•
Huyler's
150
Jan
3% Jan
111
5
Oil
Hummel-Ross
100
26%
100
Humble
&
4%
26%
—
•
3%
Jan
5
5,400
:
16% Mar
22
•
Co
Mar
Feb
3
900
,
6%
2%
18
•
v
Memphis Natural Gas common
30% Feb
12% Mar
9%
13%
1
Co common
Jan'
Com¬
Massey Harris common
Mar
14%
14%
Marine
Steam Shovel
Jan
•
Horn
3%
98;
*
•
_
Hormel
1% Mar
1%
Co.,
Mass Utilities Association
10
10
9
Jan
..
,93
93
•
Marion
11%
5
•
common
Inc
Jan
%
•
Margay Oil Corp
6% %
Holophane
7%
Ltd
Co
Jan
100
1,600
Mfg
Jan
100
2.50
10
Hoe
20% Mar
17%
,
1
preferred
(The B) Co
munication
Jan
12%
5
Hewitt Rubber common
Jan
800
26%
International
Marconi
6% Mar
30
14
25
Feb
%
10
•
100
100
1
•
Exploration
Consolidated
Mapes
12%
Si Co participating A
% Mar
*
Stores
2
common
Jan
;'12% Jan
400
2%
common
convertible
14
7%
Jan
275
1%
x3
6
Manati Sugar optional warrants
•
Rubinstein
1%
25 %
Feb
7
—5
A
Class
preferred class A
preferred class B
6%
Mar
Jan
41 %
3%
50
25c
Mar
100
3
•
Corp new common
Jan
•
Mining Co
Class A
Heller
48%
3%
Feb
48
"9
10
25
Long Island Lighting common
4 %
110
v
I" 7%
%
5
common
preferred
Helena
22%
•
28
Feb
Feb
-
19%
8%
:: 1
1
I
Chain
7%
5
America B non-vot com__1
Corp
Jan
44'
fi Jan
M
7%
1
Co
Brewing
Hat Corp of
trust ctfs
voting
24%
':1
600
5
Groceterias
Steel
111%
'
I
Inc
common.
Jan
109
....
i
Mar
:/ 400
18%
-
Jan
32
.
300
10%
Feb
21%
18% Mar
100
r.~.
jV "•■'%
1
•
25
Inc 6% preferred
(Thos J)
Lynch
Ltd
Co
Paper
2
Bakeries class A—*
(R G)
Lone Star Gas
Jan
Feb
6%
1,400
110% 110%
Bridge
Jan
x25
H
Hammermill
8% Mar
•
400
47%
r
10%
10%
1
common
3% Mar
7%
fl
*
10
25
_1
Jan
1
5
100
Development
Brothers
Locke
136 '
Jan
29 %
!iic
Co
Lamp
Hamilton
Jan
7%
1
Ltd
Corp
Lipton
Gypsum Lime Si Alabastine
Hall
Jan
19
1%
7,100
27%
?7
46%
100
J)
Material Co
Lionel
Feb
11%
(N
preferred
Oil
Line
30%
200
32
preferred
r*
•*
19%
.
800
>
9% Mar
Jan
Jan
•
Convertible
Feb
1,400
135
•
21
Feb
Mar
17%
400
A ;(v: %
1
B
Le Tourneau
68
6
..25
Paper:
1%
3%
16
v
17% Mar
900
20%
100
10
7% preferred
Co
Feb
67/s
Jan
10
100
preferred
8
1%
"l%
100
Lefcourt Realty common
Loblaw
A *
Greenfield Tap & Die
Gulf
Wells
Leonard
300
31
RR
Mines
Shore
Class
Jan
Tea—
stock
common
Northern
Grocery
30%
—5
Atlantic & Pacific
Great
Jan
Mar
% Jan
56
Varnish
7%
•
•.
i
Co..,
Langendorf United
— —
$3
Grand Rapids
11
104
Jan
5%
.
Inc
preferred
Brewing
Lane Bryant
40% Mar
Feb
Va
1,800
—50
~Iio
100
•
10
1
Lakey Foundry & Machine
Lamson Corp of Delaware
Feb
15%
Jan
9
1,900
—2*
preferred
Gorham Mfg common
4,600
10% Mar
Jan
7%
3,100
17%
17%
15%
L
11% Mar
Jan
104
class A
100
17%
—1
special preferred
Lackawanna
Mar
16
13% Mar
3,600
;
common
Stores
(S H)
Kreuger
,»405% Feb
Mar
<51% Mar
Feb
10%
14%
Kress
.*;15
•'
1
Mfg Co
1,500
.17%
17%
Jan
Jan
9%
,
Goldfield
500
3%
Mar
47
•
,112%
111% Mar
■
11
—
Gorham Inc
pfd B
Kresge Dept Stores—.
4% convertible 1st preferred
Mar
11% Mar
Jan
41%
.....
Kobacker
Koppers Co 6%
Mar
1
83
100 XlO%
"i
10%
40%
preferred
Jan
100
100
100
1
)
Emil) Co common...
(I B) Rubber Co
Knott Corp
2 % Mar
Jan
46
Vv:.-
Feb
110
(D
Kleinert
Mar
90
100
■
10%
Jan
Jan
80
1%
Klein
17% Mar
Jan
1
1%
79%
Godchaux Sugars class A
Jan
9%
16
*
;
G M Co Ltd
Kirkland Lake
Lane
$7
1
Petroleum
Klrby
Feb
79%
115
70
14%
7%
3
*
pfd
7%
preferred D
i
Products—
5%
Mar
Feb
Jan
74
10
90
•
.—•
Coal
17% Mar
3%
5
Kings Co Lighting
Feb
13%
Jan
14%
1,900
118
90
•
Co
Gladding McBean & Co
Glen
17%
16%
119
•
Preferred
Gilchrist
Jan
preferred—100
4
Key Co common
Kimberly-Clark 6%
Feb
3%
"f 1
111
14%
K
Feb
1%
8
100
3%
3%
5%
17%
500
100
—100
•
Kingston
dep rets ord reg
Amer
17%
.
8%
lit 5%% pfd—100
Julian & Kokenge Co.
Jan
Gen Electric Co Ltd—
General Finance Corp common
Jan
17
1
preferred——4
7%
Jan
Feb
mmm*
100
Gellman
Mar
Mar
70%
*
common
32
84
Mar
58
20
'
Power Co
Jan
Jan
.1
Ken-Rad Tube & Lamp A
preferred
1%
Feb
——
.
4
Kennedy's
5 %
Feb
27
1
*
Co
(F L)
Kansas Gas & Elec 7%
Gatineau
1%
77%
ctfs—•
.
A
Jersey Central Pwr &
6 %
preferred
Jan
18
3%
16%
13%
100
300
175
1
2
Jeannette Glass Co—
52% Mar
Mar
3
16% Mar
700
3%
16%
II
Feb
500
~*
Aircraft Engine Co
Jacobs
Jan
45
--
Feb
70
1%
16
10
•
•
1—
Mfg voting trust
Iron Fireman
Irving Air Chute
21% Mar
Jan
3%
J
Co
stock
convertible preferred
conv
66 V2
Jan
16%
1
Jan
Jan
Feb
20%
—-
Fuller (Geo A)
$3
Feb
4%
8
J
42%
46%
17%
*
preferred.—..—..*
Royalty
Investors
Jacobs
Co Distilling
Froedtert Grain & Malt common
Jan
110
Mar
106
70
80
Mills
Hosiery
Power $7
Interstate
Italian Superpower
2
Franklin
100
84
*
preferred..^—*
Home Equipment—
.1
Interstate
Mar
20%
Brewing Co
(Peter)
7%
19%
rets bearer—
dep
23% Mar
32
prior
Interstate
Jan
Mar
63
Jan
Feb
Feb
22%
83%
preferred
$3.50
25% Mar
25%..Mar
62%
«
voting
Amer
2%
Jan
25%
10
53
9%
shares—
Products ——
International Safety Razor B
International Utility class A
15% Mar
Motor of France—
Ford
Fox
1%
600
61
61
non-voting
Class
Co—25
10
2,600
16'A
15%
5%
—
& Warehouse
Fire Association (Phila)
Ford Motor Co Ltd—
Am dep rets ord reg
Ford Motor of CanadaFederal Compress
14%
16
Metallurgical
Fansteel
Fedders Mfg Co
2%
14%
2
2
14%
J
Jan
Jan
9
'29%
..
-50
International
10% Mar
10,700
Jan
Jan
12%
84
Petroleum coupon shs__•
$1.75
:: 7%
10%
9
10%
T
10
•-
Registered
Feb
Inc common
Eversharp
12%
55%
1%
Industries
International
Jan
Mar
23
Feb
18%
109
%
Warrants
Mar
38
31%
109
Inc
1
International Metal Industries A
r*
International Minerals and Chemicals-
1% Mar
800
5%
5%
100
53
1
series——
$3.50
Preferred
International
10% Mar
925
38
37
5%
Jan
1 % Mar
8%
3,500
1%
1%
1%
..50
Pipe Line common
Eureka
Jan
Jan
200
Jan
Mar
11
Hydro Electric—
8%
100
9%
38
...1
Esquire Inc
Cigar
International
42% Mar
4,200
42%
9%
.10c
common
convertible preferred
International
Jan
103%
9%
42%
4
23%
—52
Machine
Mar
33
10%
30
5%
500
100
of North America
Co
9%
23%
109
200
9%
preferred—————————100
7%
Jan
11% Mar
2,700
11%
100
preferred
6%
preferred
Insurance
10% Mar
Feb
Jan
300
32%
30%
..15
Equity Corp
$3
47
150
58
56
58
7%
11%
11%
preferred.100
51,100
93%
94
*
Power participating
Derrick & Equipment
Emsco
15% Mar
Mar
9%
92%
High
Low
11'
11%
£1
Ireland
;
8%
Electric Mfg——
.100
District Electric 6% pfd—.
Empire
Jan
6
91%
9Va
Emerson
Empire
15
Feb
48 %
Jan
Range since January 1
High
5%
£1
Imperial Oil (Can) coupon
•
Registered
-*
Imperial Tobacco of Canada
5
Imperial Tobacco of Great Britain &
40% Feb
Feb
Jan
5
50
15
15
35%
250
5%
43
44 %
Shares
Imperial Chemical Industries—
Am dep rets regis
40%
*
Low
Par
Jan
1
% Mar
%
%
%
States Corp
Eastern
for Week
Range
of Prices
Sale Price
81
Sale*
Week's
„
Last
Exchange
Curb
High
Low
High
Low
Par
Friday
STOCKS
Week Ended March
Range since January 1
Shares
of Prices
York
New
for Week
Range
Last
York Curb Exchange
Knr
Sale*
2
Feb
1% Mar
58%
57%
58%
,
650
52
Mar
2%
Jan
8% Mar
17
Jan
2% Mar
1W
Jan
Volume
159
Number 4269
THE
COMMERCIAL & FINANCIAL CHRONICLE
1375
NEW YORK CURB EXCHANGE
STOCKS
New
York
Curb
Ended
Week
Week's
Friday
Last
Exchange
March
31
of Prices
Par
Minnesota
Pwr
& Light
7%
pfd_.
pld_.
Low
STOCKS
New
Shares
Range since January 1
High
Low
-100
100
10
100
97%
Jan
Jan
.2.50
Jan
Pictures
Loan
Monroe
Montreal Light
Mountain
,—10
5,700
2%
Feb
4
% Mar
Feb
2y8 Mar
Feb
7%
_10
170
17
500
16 %
Jan
18%
31
75
28%
Feb
31
__
"l% ~1%
5%
■
•—
Nachman
Corp
Hess
7%
preferred
Lines
City
convertible
$3
National Mfg
& Stores
100
6%
Jan
10% Mar
Jan
80
12%
13%
53%
55
55
•
National
Rubber Machinery
11%
•
National
Steel
Ltd_
Sugar Refining
National Tea 5%% preferred
Oil
Navarro
Nehi
new
Nelson
XI1%
New
England
New
Haven
13% Mar
Jan
58
Feb
Pyle-National Co common
11%
Jan
12
Jan
Pyrene
Jan
7
10
Jan
Jan
10% Mar
11%
21% Mar
Jan
9
100
11%
Jan
12% Mar
1%
1.200
1%
Feb
3y2
Jan
4%
29 3A
600
26
Jan
111%
30
111
Mar
6%
6%
",'300
9
9
prior preferred
6%
New Jersey
Zinc
New
Mexico
&
New
Process
4,050
18%
Feb
y8
120
87/a
Jan
7
Jan
7%
Feb
Jan
9
Feb
3
125
8%
Mar
Jan
7% Mar
47%
Jan
60% Mar
18
Feb
Y
N
Auction
Arizona
300
104% Mar
6%
Co
6%
&
Power
N
&
Founders
Quebec
Railway & Light Securities
Voting common
;
Railway & Utility Investment A
Rath
Water
Y
Service
6%
Packing Co. common
$3 convertible preferred
100
81
preferred
Class A optional warrants
Class B optional warrants
Niagara Share class B common
Class A preferred
2d
Rice
40
72%
630
2%
Richmond
6%
1,200
12 >/4
3,400
13% Mar
Jan
116% Mar
Roeser
Jan
105% Mar
Rome
13
Jan
109%
17% Mar
6%
B
North
American
Northeast Airlines
North
Nor
Feb
9t>t
a5* Mar
r.
Jan
Jan
Ryerson
■
32
Jan
106
13
9%
Jan
2%
1%
Jan
5%
1,300
4 Va
Jan
6'A
Jan
3,
2,300
Jan
%
Feb
%
74
113
825
%
103
Jan
114% Mar
7 fc
Northern States
29%
30%
500
28%
Jan
31% Mar
29 y4
30%
500
28
Jan
31
52%
52%
54%
70
52% Mar
Mar
54'A Mar
1
1
200
%
Jan
1
5%
600
4%
Jan
5'A Mar
10%
9'/a
11,100
7
-50
104
10
114
50
preferred
Novadel-Agene
29%
29%
10%
Jan
87
105
X107
114'% 114%
25
class A
Power
Corp
14
12%
14%
16,600
26
•
26'/a
200
10% Mar
Jan
7%
87
Jan
Jan
-108
Mar
Feb
—
23
Mar
116
Mar
•
Jan
14% Mar
Jan
27% Mar
St
7%
Salt
Ohio
class
Co
Brass
B
common
Ohio
Edison
Ohio
Power
Ohio
Public Service 1%
6%
1st
$6
*
preferied
4%%
Ltd
Jan
425
18%
Jan
■
21% Mar
70
109
Jan
112
Feb
114% Mar
116
116 Va
60
115
Jan
118%
Feb
60
108
Jan
112
5%
600
22%
3,900
55
5%
Oliver
Omar
United
111
110% 111%
250
1,280
*
Filters B
II
Inc
Securities
Overseas
'
Jan
1%
1%
Feb
125
12%
Jan
Jan
15%
15%
500
i78
Jan
Jan
x40 %
15%
15% Mar
Feb
15%
Jan
x40%
Mar
48
Feb
17% Mar
Mar
49
30%
Jan
2%
Jan
Jan
1%
Jan
100
21%
Feb
24% Mar
Jan
12% Mar
5,900
27
2
2%
23
12%
8,000
11%
25%
23
"4
4%
~4%
•
13%
3%
9,600
4%
Feb
13%
Jan
%
Feb
2%
Feb
%
Jan
jj} Mar
Jan
107% Mar
500
%
2%
2%
1,500
%
"2%
Jan
Jan
11
200
13%.
%
3,900
20
105%
1 % Mar
3%
Jan
'
107% 107%
14
15%
Mar
11%
1,600
10%
Jan
2%
2%
300
2%
Feb
5%
5%
800
100
-
Feb
12% Mar
2%
Jan
5%
8%
3%
19
Mar
Jan
18
< Jan
8
>- 300
3%
Jan
17
8%
Jan
17%
300
6%
Jan
1%
4%
9,600
Jan
9
Mar
4% Jan
Feb
5'A
1%
300
4?/8
3%
5
1%
/
Jan
Jan
2% Feb
Jan
Paper
•
5
-.100
Oil
"9%
Co
United Corp
Sanford
4%
1
preferred
Dome
Co
common
•
(D
A)
1
common
Electric
preferred
$6
Co
Jan
4% Mar
3%
_2%
200
16%
16%
400
2%
5,900
32
2%
37
Jan
Feb
1%
Feb
2% Mar
Jan
1%
14
17% Mar
3
Jan
Mar
70'A Mar
68%
66
69%
1,950
50%
Jan
28%
29%.
1,200
27%
Jan
x32
Mar
27
26 3A
27
120
24
Feb
27
Mar
74
71 %
74
520
64
Feb
74
Mar
•
common
11%
10%
11%
900
2%
2%
200
1
*
Inc
Bros
2%
*
Securities Corp General
Lock
900
Brook Water Service—
preferred
Steel
10% Mar
29
*
common—.——
Scranton Spring
Scullin
Feb
*
Lace
Scranton
8%
25
Manufacturing
Scranton
Feb
6,000
3%
2%
Feb
156%
9%
"2%
16%
~5%
25
preferred
Convertible
2% Mar
Jan
Jan
146
100
152
8%
5
Bchulte
2% Mar
4%
*
Co
Scovill
$6
150
1
common
Mills
Oil
Savoy
Schiff
»
50
common
1
•
•
&
Shoe Co—
Selected Industries Inc common
Convertible stock—i
Selby
9%
Jan
2%
;
Feb
,12% Mar
,
3% Mar
.
40
Jan
1%
1%
1V2
5.200
1
Jan
8
7%
8%
2,000
6%
Jan
8% Mar
17%
17%
50
16%
Feb
17% Mar
1
3,000
%
Jan
8%
1,550
MM
MM
42% Mar
'
1
%
1% Mar
1 % Mar
.s
Feb
22
22%
50
preferred
$5% conv prior preferred
Feb
20
112%
Feb
$5.50
5
7%
Safety Control
183A
Jan
22% Mar
Serrick Corp class B
55% Mar
Seton Leather common
72%
7%
5% Mar
xl 10% Mar
113
Jan
Sentry
Shattuck
Mining
Denn
5
7
Mar
7% Mar
Shawinig'in Water & Power
8
Feb
9
Sherwin-Williams
6%
Jan
8% Mar
-
,
8% Mar
7%
.
Mar
Jan'
77
50
69
Jan
75% Mar
%
2%
2%
Feb
Jan
4% Feb
7
Jan
7% Mar
3% Mar
2%
Feb
200
3
12%
Jan
13%
1,000
91%
Feb
97
2,400
12%
13
95
•
200,
Jan
3%
•
5% Mar
Feb
67
1
1
Jan
72
72%
72%
—.
6%
50
72
25
prior stock.
Allotment certificates
54
'
$3
4%
114%
54 %
5%
15
common
3%
109% 110%
•
109%
5
common
Oklahoma Natural Gas
1,500
110% 110%
^
100
3%
21%
;
114
110'A
ICO
1st pfd__
20%
114
100
preferred
preferred
Oilstocks
20 3A
•
-
$2 conv
A
Regis
Hardware
Seiberling Rubber common
3%
10,000
1
•
1
Ltd
pxef
Lawrence Corp
Class
St
Segal
3%
4
1%
13%
14
& Haynes common
Seeman
O
Ogden Corp common
Jan
"'Jan
10%
Jan
11
Ryan
Feb
300
109
1
75
154
71%
10
.
Mar
Jan
l7/a
tt
pfd.100
100
Jan
151 % Mar
210
73
Mar
Jan
5%
6%
Feb
6% Mar
Jan
10%
•
_
Mar
13 Va
i°e Mar
r
,
5
Public Service
Feb
2ya
77
t
Oil
RR Co
Penn
Indiana
Mar
10
14
Aeronautical Co
Ryan Consolidated Petroleum
Securities
Utility
Central Texas
Northern
13
k
20
Russeks Fifth Ave.—
Jan
50
prior preferred
Jan
8% Jan
200
—*
Jan
•
common
11
9%
1%
1
Co
convertible preferred
$1.20
3%
•
American Rayon class A
Class
% Mar
•
Field Inc
Petroleum
Root
Samson
North
Mar
14
5
5
83%
Feb
1%
•
101
Jan
13%
1%
100
;
Royalite Oil Co Ltd
2% Mar
5%
1
1
common
Jan
74%
p
Corp
75
5%
Light & Power common__l
Amer
preferred
$6
Jan
11%
%
pfd D
Pendleton Inc
&
Cable
Jan
"
North
Rochester Gas & Elec 6%
111
9%
1
93 %
500
10%
•
Radiator—:—1
Feb
64
fix
1
Jan
105
1
Electric
Noma
375
13%
Oil Corp.
Grande Valley Gas Co v t c
Rio
Jan
625
11%
"1%
Jan
Mar
112%
9,900
82 y4
2%
80
6
5
10%
5
Goods
warrants
Dry
Mar
11%
10
& Engineering
Aviation
Stix
Richfield
150
100
Mines
Nipissine
115
14,600
•
Co
Reliance Electric
4
1/128 Feb
Corp B
Jan
151% 151%
2%
Republic
10% Mar
100
69 y2
12%
108% Mar
114 Va
MM
25%
Feb
26
1,600
*
108% Mar
20
■
*
Jan
Jan
66%
5
20
~9%
1
Mar
Jan
-
Niles-Bement-Pond
Nineteen Hundred
3%
Jan
15%
2%
Jan
Jan
13%
Roller Bit
35
7%
100
5%
59'A
.
Jan
Mar
13
15%
preferred
Niagara Hudson Power common
1st
Jan
2%
21 y4
109% 109%
69 y2
8
8
101
99
Manufacturing common__50o
Roosevelt
pfd
% Mar
Jan
7% Mar
12%
11%
Bank Oil Co
102
100
10
5%
,19% Mar
10
1
10
•
Raymond Concrete Pile common
Red
50
116 % 116%
1
Jan
7
—
R
Raytheon
100
8%
/12 y2
$5.10 pfd.100
12
71%
Radio-Kelth-Orpheum option warrants-
Jan
24
•
shares
7% Mar
32
100
«
Co
Power
Jan
3%
preferred__100
N Y State Electric & Gas
N
55 Va
200
24
10
Light 1%
preferred
Shipbuilding Corp—
Y
900
3%
35
10
Merchandise
Y
Y
$6
57%
8%
Honduras Rosario
Jan
115
115
.100
preferred
9%
18% Mar
3 '/a
City Omnibus warrants
Y
N
100
•
common
Y
N
N
19
*
N
44 % Mar
108%
*108%
•
5
10
Manufacturing
106%
Jan
56%
50%
1
Land
common
Jan
20,600
7
--
Quaker Oats common
20% Mar
19
25
1
Co
%
7
6Va
100
A
Jan
87%
5%
50
59%
104 y2105
•
common
7
43
—
7
•
Sound Pulp & Timber
Puget
Reed
New Idea Inc
Jan
"7
29% Mar
114
Feb
4%
500
6%
56%
*
Jan
Jan
iii
Jan
6%
100
Jan
1
26%
6,100
1% Jan
700
87%
9
$5
Mar
4%
111
58%
Jan
29
100
7/a
Jan
Feb
12%
28%
■'
6
28 3A
•'
Feb
7% Mar
Jan
Jan
13 V4
18%
4%
?
3 %
Jan
12% Mar
1%
12%
111
Jan
5%
5%
MM
•
Feb
Mar
Mar
18
Co
10
Common
12
3,600
4%
2
3,400
400
—
MM
100
100
50
21%
•
Tel & Tel
1st preferred.
1,900
10,100
19%
.
Clock
1st preferred
1%
44% Mar
800
;
15
Puget Sound Power & Light—
600
11%
16% Mar
Feb
Mar
Colorado—
6 %
Jan
Jan
Jan
13%
ill
•
of
14 %
MM-
27/a
28
•
Service
700
7
1
Gas.
35
1,100
'iwv'-Vf.'.1
100
nreferred.
$2
of Nevada
Corp
Jan
10%
12%
'
•
preferred
Producers
4
—
%
1
America
Jan
•
England Power Associates
6%
of
Metals
Pressed
common
Jan
7
•
Inc
Feb
12%
5
Nestle Le Mur Co class A
New
Prentice-Hall
109
3%
•2%
MM
1
Feb
Jan
100
— —
•
35
*
Corp
30
8%
100
Neptune Meter class A
Co
35
10%
•
preferred
1%
Feb
Jan
16 %
16
16%
•
Premier Gold Mining
Feb
17
Jan
1%. Jan
12% Mar
30c
Co
(Herman)
14%
40%
37/a
37/b
5
Si Lambert
Pratt
108
25c
Alexander
&
550
20%
com—1
Corp 1st pfd
Mining Co
25
35
44%
10%
12.50
Mines
Radio
Nebraska Power 1%
100
5,800
12
*
10
National Transit
Union
„
39
10
Providence
*
National
Mar
7.50
common
Prosperity Co class B__
•
common
Jan
25
common
Scale
4%
— "35-
'
Mar
Corp of Canada
Power
Public
•
Miuonal
Powdrell
10%
13%
50
National Refining common
National Tunnel &
Polaris
Jan
Mar
13%
28
50c
common
Inc
Pneumatic
1 % Mar
Jan
40%
Gas—
Plough
6
11%
44
preferred
National Fuel
Car
Jan
1450
33
39
39
95
12%
•
25
50
700
Feb
—L25
—
Jan
8% Mar
107% 109
Mar
_•
National Candy Co_.
National
Jan
2Va
Jan
1
16
1%
17%
Jan
7
Pleasant Valley Wine Co
131
16%
Jan
1%
1,400
Feb
Jan
1%
12%
1,900
8%
12 3A
Jan
1%
600
1%
8
62% Mar
13%
16%
1
common
14%
IIS
8
Jan
KVv//
•
.—
Bellas
National
RR
14
1%
•
Meter
14%
1
Ltd
Jan
200
N
29% Mar
11
14%
64
Jan
28%
55%
500
''
22%
27%
200
21
100
9,000
27%
300
12%
■
Jan
Feb
12
21
x
L E
&
Jan
7%
6%
•
common
Postage
33%
100
62%
10%
National Breweries common
High
31% Mar
6 Va
61%
Jan
Jan
18
'
common
preferred
Low
32
6%
1
common
Mines
313/4
32
•
12
128%
2%
Bess
25
150
10
14%
;
Pitts
Gold
pfd
Co
Governor
Feb
5%
2,500
100
_—
Range since January 1
Hiah
50
20%
•
Low
Shares
Pittsburgh & Lake Erie
Pittsburgh Metallurgical
Pittsburgh Plate Glass
Feb
Mar
9%
Jan
1%
4,000
6
.
*
common
Ohio Mfg Co
Muskegon Piston Ring
6%
"l%
_5o
common-
for Week
of Prices
Jan
173
Xl67y4 Mar
170
9
Mountain States Tel & Tel
Co
Pitney-Bowes
30%
Murray
Muskogee
Pioneer
Mar
8% Mar
16%
pfd
Power
Pierce
10'/a Maf
Jan
7%
__
Producers
States
19% Mar
22
Jan
15%
—
170
City Copprr
Mountain
Securities
900
Mtge Bank of Col Am shs
Mountain
Phoenix
1,850
4
3%
—
Heat & Power
Investors partic
Jan
1,500
i
Utilities
Packing
9%
20
Ward A
Montgomery
Moody
nil
Society A
Dakota
Montana
14
8%
Phillips
18%
9%
20
common
Feb
1%
Monarch Machine Tool
Monogram
Sales
Range
Last
Sale Price
Par
Phila Electric Power 5%
21%
17%
~9%
1
Corp
Week's
Friday
Exchange
Feb
114
8%
Jud Voehringer common
Mock
Curb
High
100
109%
"
—
Missouri Public Service common..
Molybuenum
York
Week Ended March 31
-
_100
Mississippi River Power 6%
Sales
for Week
Range
Sale Price
96%
Jan
'
1
1
7%
7%
100
Mar
5%
25
pfd series AAA
cum
common
—100
Silex
Co
Mar
Mar
•
Canada
common
112
12
Feb
13
Mar
•
of
Sherwin-Williams
96
13%
Feb
16
Jan
115%
Feb
Simmons-Boardman Publications—
Pacific
Pacific
5%%
Can
Co
Gas
Elec 6%
St
1st pfd
Pacific
1st
preferre4
Lighting $5 preferred
Pacific
Power
<
& Light
Public
Pacific
$1.30
1st
1%
•
Service
Tubes
Parker
Motors
Parkersburg
common
»
Corp
Rig &
Plymouth
Telephone
$1.40
preferred
A
Penn
Power
Si
com
Salt
Pepperell
Perfect
Circle
Pharis Tire &
Philadelphia
For
33
Jan
108
Jan
96 y2
Jan
Jan
Jan
105
.
Feb
6
Feb
20
Mar
8
17,100
26%
18
26%
100
18%
300
45
50
•
36
36%
32%
32%
5%
5%
33
5%
50
100
200
13,200
Feb
82
Mar
7% Mar
9
Jan
8% Mar
24
Jan
•
43
43
300
Amer
Sioux
dep
Co
Co—
South
Penn
preferred
•
103%
Co
50
Jan
36% Mar
Southwest
31%
Feb
33%
Jan
5%
Jan
Squthern California Edison—
5% original preferred
Jan
43
Mar
70% Mar
6%
43
Mar
Oil
Feb
Southern
Pa
Line.:..
Pipe
50
Jan
103
104%
360
94%
Jan
104% Mar
Southern'
100%
20
90
Jan
100y2 Mar
Southern
Phosphate
25
161
Southern
Pipe Line
Royalty Co
161
Co
129'%
64
161
64%
129% 130
Rubber
1
see
page
•
1377.
xl65
Feb
2% Mar
500
64
Mar
68
Mar
100
125
Jan
130%
Jan
•
Co common
Mar
31
,8%
8
8%
2,700
10
10%
700
Jan
7
Jan
8% Mar
9%
Jan
10% Mar
33
Jan
2%
Jan
Jan
3
2%
400
3
Feb
Jan
12% Mar
Jan
3% Mar
Jan
111
13%' Feb
3% Mar
6
5%
6
900
3%
Jan
6% Mar
2%
2%
2%
4,100
2Vs
Feb
2%
4%
4%
500
4%
Jan
4% Mar
2%
Jan
3% Mar
'
MM
41%
41%
-M
42
400
'
Jan
Jan
Colorado
Power
preferred
Southland
New
Spalding (A G)
1st preferred
England
Si
-
class
—
__
44%
Jan
28
Mar
30
Jan
37
Mar
43%
Jan
41% Mar
A
37%
37%
80
30%
30%
200
30% Mar
32 Va
Jan
30
30%
400
29'A
Jan
31%
Feb
25
1%
1%
200
1%
Jan
1%
70%
110
69
100
Telephone—100
Co
10
M
MM
dep rets ord regis
75
Feb
130
Jan
67
6% Mar
8%
Jan
9% Mar
1,300
9% Mar
10%
Jan
6%
1,500
5% Mar
6%
Jan
43
__
9%
43 Va
20
40
Jan
% Mar
;
6'A Mar
6
Spanish & General Corp—
Amer dep rets crd bearer
Amer
Feb
Jan
129% Mar
9%
.1
•
—
-
5
——
MM
MM'
10
Bros
—
—
25
25
25
preferred B
preferred series C
%
2% Mar
64%
100
Co
footnotes
161
•
10
5%%
1%
26
275,
Mar
300
2.50
Power Co
1
25
Jan
108
MM
—1
Coast Corp common
1%
1%
1
——1
Corp
South
'
•
Manufacturing common
Jan
Jan
Jan
Jan
2%
'
„
.»
—1
—
Manufacturing
Solar
Sonotone
Soss
Gas
Aircraft
Solar
£1
100
& Elec 7% pfd
(Howard) Paper Mills.
City
Smith
163A
4%
147% 148%
100
rets ord regis
32
18% Mar
Jan
2%
234
20
Singer Manufacturing Co Ltd—
34%
64%
43
26 y2 Mar
Manufacturing Co
Singer
26
•
1
common
99
$7
Co
Mfg
Jan
106% Mar
preferred
Pattern
Simplicity
7 %
Light
Mfg
&
Feb
6% Mar
preferred
Traffic
14% Mar
36%
80
7%
1
Elec class A
Water
32%
10
50
25
Gas &
Penn
300
102
•
common
Penn
Penn
32%
102
,
7%
Pennsylvania Edison Co $5 series pfd.* T
$2.80 series preferred
•
Penn
Jan
,
1
Mills
Pennroad Corp common
$6
35
19
•
1
Reel
Patchogue
600
5
10
Peninsular
36%
•
Co
Pen
„Jan
107 % 107%
__
102
Pantepec Oil of Venezuela Am shs
Paramount
13
•
preferred
Page-Hersey
100
200
32%
25
pfd
14%
35%
35%
25
convertible
$3
14%
common
A
1S6
%
600
%
Feb
45
Jan
A Feb
A Feb
EXCHANGE
NEW YORK CURB
S T O C K
of Prices
Sale Price
Low
Fir
——*
Shoe Corp
Spencer
Inc.---
Stani-Meyer
convertible preferred
Standard Oil (Ky)
—
$1.60
pfd
Standard Oil (Ohio)—5%
Standard Power & Light
Common class B
Stokely Foods Inc common
preferred..
$1.50
(Si
8troock
Machinery
Sullivan
8iin
preferred
8%
ft
1,000
1%
1%
17/B
7%
1,000
A
13,400
1%
1%
32
1%
200
%
%
ft
1%
Jan
12
Jan
3%
300
1%
11%
500
%
200
ftftftfty.V'ft. 7BONDS
Jan
14
V:
10%
4% Mar
2%s
Feb
2%
14%
debs
s
f
8
f decs
Writing
Feb
Mar
15
52 V4
JAssociated
5% Mar
Jan
5%
5%
24%
24%
24'%
300
23%
Feb
25
14 Va
13%
14%
4,900
j 12V2
Jan
Light 7%
&
Power
Texas
20
114%
[ioo
Dfd
Shovtl
Thew
Tilo
& Construction
dep
ord
rets
84%
29
J-J
27
25%
27 %
132
23%
29%
F-A
27
25%
27 %
58
23%
29%
A-O
27
26
27 %"
148
23 %
27%
27 Va
94
93
94
regis
M
C
Steel
6s
Jan
Central
62 V2 Mar
108
20
108
Jan
109'/2
100
114
10
114
Feb
115
%
1
lo
•
6%
6%
—1
21%:
1
111
El
ft Jan
%
Jan
5AC'hicago
41/2
Jan
18 Va
ft Mar
•
10%
9% Mar
Manufacturing
6%
800
700
11
10%
Jan
7%
Jan
4
11'A
Jan
Co
Union Investment
common—
Products
United
Aircraft
United
Chemicals common
$3
& participating pfd
Hgar-Whelan Stares
cum
United
preferred
$5
United
8%
8%
88%
1%
118
1%
Feb
7
8%
Profit
62
Jan
U
U
1%
Jan
ft
%
%
ft
56%
xll6%
98%
102%
102
101
102
8
98%
118
5s
El
Lt
Gas
series
U
& Pr
mtge
ser P
2%g ser Q
(Bait
Gas
Feb
Jan
Finland
Residential
121%
Feb
54% Mar
Jan
1956
1952
Pub
General
M-S
—1969
1953
A
5s
Serv
37
Jan
AGeneral Rayon Co 6s ser
90
Feb
90
Feb
Georgia
Feb
Alden
Glen
hi'..—yft /
Feb
10
25
U
7
100
7
70%
71%
%
500
71%
1,750
390
6% Mar
Jan
69
7
Mar
Pow 3%
Mountain
Green
Certificates
West
&
Guantanamo
6
300
4%
Jan
6%
5%
1,100
5%
Jan
6%
Jan
Houston
5
•
9%
9%
100
9
Feb
9%
Jan
ft Feb
Jan
preferred with warrants
*
1
United Stores
Wall
United
Class
2
Utah-Idaho
1
24
1
Redio
Utility
•
$5.50
800
3,100
%
2%
100
2%
200
21'%
100
22%
.
24
2,250
22%
23%
11,000
23
23%
100
Jan
18%
26
Jan
24% Mar
2%
Jan
51%
Jan
stock
78%
77%
78%
300
650
4
1%
74%
Jan
Feb
Jan
3%
61,*
*'
6
1%
a
6 %s
-y;
Jan
A7s
Feb
Mar
A7s
Jan
Corp
Venezuelan
1%
1%
1,600
39%
35%
39%
360
11%
Petroleum
8%
11%
37,000
Virginia Public Service 7%
Vogt Manufacturing
pfd
112
8%
1%
27
8Va
Feb
2
Mar
Jan
Co
•
Wagner Baking voting trust ctfs
7%
ext
Feb
11% Mar
117%
260
105
Jan
126
700
8
Feb
9
Jan
6s
Louisiana
8%
8%
200
600
3%
7%
Feb
Feb
3%
Feb
~~~
A
•
16 '
,
Knitting
Coal
&
W«-R,ern
Air
Western
Grocer
1%
16
1%
100
200
~~5
Ve.ntworth Manufacturing
~~~
West Texas Utility $J
preferred
Va
ft
Ift
Coke
Lines
9% Mar
4s
Inc
4%
•
109 %
.
7%
j
~
Co
20
Maryland Ry 7% ist pfdl'lOO
Western Tablet &
Stationery com
" •
4%
109% 109 V2
6%
8%
7%
8%
F"r
Coal
footnotes
see
20
page
1377.
Jan
1%
Feb
1% Mar
Jan
18%vMar
1,400
3%
Jan
30
109%
Jan
9,900
5%
Jan
7% Mar
7%
Jan
9 Va Mar
1,000
19
100
4 % Mar
110 %
Feb
Jan
120
Mar
18% Mar
20
Mar
84
18%
18% Mar
14%
15
Western
Westmoreland
Light 3%s
Pow
100
101
1
107%
108%
103%
106
106%
.ft
'.
98
'■'ft-'4
102
64%
■
.
100%
'v.
—
.
69
103
104%
107%
21
105Va
105% 105%
49
105 %
106%
104%
31
104
104%
M-S
103% 103 »/2
102%
103%
98%
19
93V2
100%
98%
M-N
1
97%
M-N
99
12
93
100 V4
Radiator
dc
23
Jan
27%
Feb
Midland
1
E
G
at
4%
toy,
Gas Light
4%s
ref
6s
New
j-j
1966
2022
1969
;
—.ft
'
4*.—
'
Jf-S
947/8
68%
$107
108%
120% 120 V2
u-s
$112
J-J
107%
112%
107% 107%
Power
series
Gas
68%
29
35
107%
108 %
106%
4
__
107
I2OV2
122
111%
5
_.
112
1
107
108 »/4
1970
j-j
196b
a-o
106
106
1
106
106
j-d
103
103V2
4
102 7/a
105 %
1948
1947
1971
FA
jf-n
107% 107%
1965
1943
Af-N
'$108% 109%
j-j
103%
A-O
68%
Af-8
t—1967
100
——
99% 100
99%
4
100%
$100 »/2 101'ft
107%
2
-1957
1951
1943
F-A
J-D
M-S
1948
J-J
1981
5s
101%
110
108%
110V4
102%
103%
103
103%
17
66
68%
11
62 Vs
681/2
6
107'%
108%
7
104
106
108
105
J-D
J-D
J-J
M-N
100
107% 107V2
M-tl
2022
4%s
A
Amsterdam
24%
947/a
60
35
108% 108 Va
29
881/2
"31
$33
25
22%
67
67
'
93
28%
25
2
30
——.
93 Va
^
23%
28
251/4
23
v
■'
'
J-D
1955
5s
Mississippi P & L 5s
Mississippi River Pow 1st 5s
Nassau <& Suffolk Ltg 5s
Nebraska
j-j
1963
1965
'—1978
P & L 4%s
Minnesota
&
•
'
__
r24
25
-
30
Valley BR-r
Extended
Milwaukee
1st
$28
25
2
.
'
23%
•
T-j
j-i
WA.
$28%
—
109
1963
4%s
Edison 4s
conv
series
1952
*
F-A
25
25
25
j-d
Mfg—
stamped
Co
1957
107Va
$107% 109
1957
Lt 5s
&
Middle States Petrol 6%s
claw
Class B
Wavne
& Electric 6s
Metropolitan
preferred
Waitt & Bond
6s
Lake
6s
3%
1
4
104
J-J
F-A
1957
1952
Kentucky Utilities 4s
Superior Dist Pow 3%s__
Jan
9
Mengel
3%
"•
coupon)
5s
Superpower
Kansas Power &
McCora
Aircraft
1941
Power
Kansas Gas
39% Mar
W
Waco
105
105
106% 106%
105%
1952
Jersey Cent Pow & Lt 3%s
Kansas Electric Power 3%s_.
common
preferred
coupon)
F__
(July
Interstate
79% Mar
1941
(Aug
series
A7s
1
E
Debenture
convertible
J-D
1953
1941 coup)
1955
.————1957
C
(Dec
series
Altalian
$4
100%
U04% 105
106%
1970
3%s
L
&
P
series
A6%s
A7s
Y
Vai^ua.
103V2
98%
$103
^International Power Sec—•
23% Mar
Jan
825
1%
Indianapolis
Mar
Jan
18
20%
2,200
1%
8% Mar
2% Mar
101%
llOVa 110%
110%
J-D
1963
ref 5s
&
lien
1st
■
3
46
$68%
A-O
1957
1958
1950
5s
5s
104
21% Mar
2%
10o
..J
common
Service
Feb
57%
700
Hydro-Elec
Indiana
98%
101
103%
J-J
1953
5%s series B
& ref
1st
Indiana
60'ft
100%
$105
A-O
C
series
Feb
Jan
2%
5%
5s
Jan
Jan
54%
5%
ref
Jan
1%
57%
5%
&
%
12
7
20
"2%
1
1st
97%
107 »/2 107%
A-O
3s series A__
58
2
36
101% 102
1956
ref
106
105
Light Corp—
&
106 %
103
100% 100'/2
Jan 1949
1st
2%
Jan
Feb
•
preferred
Products
priority
%
2%
Mar
90
102%
10
100 Va
J-D
-Jan 1949
B
Illinois Power &
2% Mar
8
Sugar.:
Eq ytMes
Jan
21%
23%
Co
Utah Power & Light $7
Utah
1%
2%
common
Pictures
400
1% 1%
21%
Voting trust ctfs
Pioduccs
1%
12
•
1966
& Pwr 3'/2s
Lt
series
fis
3% Mar
%
8
Insurance
Universal
Jan
2%
2%
•
B
Universal
Jan
2%
10
Cooler class A
Universal
78%
600
50a
common
Paper
Universal Consolidated Oil
Universal
.650
3%
1%
•
Reclaiming
Rubber
89%
3%
86
3%
■
96
103
100%
Jan
'
300
lif
'
123%
63
$97
Hygrade Food 6s ser A
1%
common
Jan
44%
104 Va
123(4
98V4
$__
M-S
1958
6s
44
43%
93 Va
1017/a
60
98
96
104%
32
$101% 102%
J-J
F-A
J-D
1945
Products
of deposit
Grocery Store
Jan
74%
59
98%
116
102%
102
96
104%
103% 104
M-S
1950
1950
1963
stpd
5%
25
common
class B
x43% Mar
Jan
%
Feb
102'/a
1102% 103%
J-D
1941
4s
5s
14
1123 % 128
J-D
1965
4s
Power
Nor
90%
103
ft.
A-O
J-J
A______1948
1978
4%s series A
West
Trunk
Grana
H
Coal
(Adolf)
§AGobel
T
& Lignt 5s
Power
18
'
Bank—
Mtge
3%s
Power
Gatineau
Jan
95 %
95%
95%
104
1
63% Mar '
99
102% 102%
M-S
M-N
99
148
110
95
102%
M-S
1954-
35 % Mar
•
J-D
95%
5s
5s
stamped
6s-5s
% Mar
ft
ft
&
El
Service
123%
5
101% 102%
101%
1961
Water
103%
122
110
F-A
5%s
RR
District
106%
102%
1123 % 125
M*N
1956
2030
5s
110%
105%
103% 103%
M-S
F-A
M-S
Light
&
Power
Water Lt
Feb
300
' f
-1955
& Fuel 4s ser A
Eastern Gas
109
106% 106%
109%
;
1944
Federal
%
3,600
109% 109%
118
A-O
1958
3%s
Packing
102
118
118
J-D
J-D
J-J
V
Tobacco 5s
5%
8
West
City)—
102
118
M-N
1971
1969
1976
mtge 3s
ref
A-O
—1951
(Bait)—
A
N
ref
M-S
1969
:
7s
Pr
Empire
ft Mar
3,000
99%
97%
Electric
Feb
%
17,800
3
104% 104%
72
Elmira
3
104%
206
Mar
32
7
104
104 Va
102
16% Mar
Feb
1% Mar
79
72
101%
"1
1102% 103
102
Cuban
94% Mar
17,300
94'
73 %
72
72
;/4
102%
43%
1st
99% 100
102
Cudahy
2% Mar
Jan
1,000
117% 118
25c
Radiator common
S
100 %
101
and International Securities
S
45%
98
101%
1
$5
U
37
A-O
4
Sharing..
Graphite
36 %
97
1958
1
S
72
42%
Mar
Feb
100
Shoe
Foil Co
S
41%
40%
J-J
Gen
Mar
1%
-
'
,
Preferred
U
40
41%
5s
1st
Feb
9%
44%
41
M-S
101 Va
&
Feb
17
107
101%
Lt
Feb
'6%
Jan
regis
Canal Co
United Specialties
107
J-J
' .M-S
J-D
mtge 4%s
1954AConsolidated Textile 5s stmpd—1953
80%
•
preferred
Machinery common
10%
United
107
104%
F-A
Great
United
105%
Consolidated
28,500
"
preferred
J'-;
6
Jan
390
2%
90
ft
•
54%
Co Ltd—
J-D
Feb
77%
Jan
8
1,500
16
,7„
rets ord
Jan
59
1%
2
89%
55 %
RR &
4%
2,500
y
14%
•
dep
102%
A-O
Continental Gas & El 5s
_•
United N J
102%
99%
2%
Jan
B
class
United Molasses
Amer
2 %
ft
ft
participating
$3
1,300
5%
1
•
Milk Products
United
2%
preferred
1st
$6
101 Va
22
1966
1950
Debenture
Jan
3*2
United Light & Power common A__
Common
39
101 % 102
4
Jan
•
preferred non-voting
warrants
$7
2%
:
United Gas Corp common
1st
1,200
5%. 5%
5%
_*
United Elastic Corp
Option
3%
2%
10c
__
warrants
corp
102% 102%
101%
1955
Jan
5s
1st
3%
10c
10
•
•
1
_•
•-
Canada
of
Gas
Union
103
m-N
103
9
103%
103
103
5s
Service
Conv
3%s
1
Udylite Corp
Unexcelled
J-D
1927
1952
ctfs
B
series
Cities
Consol
Corp
106
Debenture
11/4 Mar
9'/2 Mar
U
Realization
105%
107
A-O
1953
Ry 5%s A
Connecticut
Ulen
150
1106
M-S
..1948
& Lt 5%s
Rys 5s
120%
150
deb
6s
23% Mar
Jan
115%
119%
2
119% 119%
1150% 170
1964
Gas 3%s
&
Cincinnati St
ft.- \
114%
11
114% 115
114%
Q-F
1953
5s
Power
Central States Pow
3% Mar
3,200
108
198
J-D
Af-N
1954
700
3,200
29
94
1970
2%s
Northern
400
'
«...
Tung-Sol Lamp Works
80c convertible preferred
ft
3%
19%
10
warrants
Inc
%
3%
3%
23%
85%
107
Jan
114
29
4
41
1962
;
%s
Feb
114
...i
106
1968J
6%s
Inc
Edison
Canaaa
1%
Jan
Feb
58
108%
128
104%
1108% 110
M-S
J-D
1957
—1960
1998
B
series
5s
series
10'/a Mar
108
Oil Co
Tratiswestern
1%
320
62
107%
125%
128-
105
101
99
of Canada—
Bickford's
!ioo
Corp
Tri-Continental
Trunz
—
61%
62
105
F-A
1947
§ACentral States Electric 5s
•
1127
M-S
1964
Birmingham Electric 4%s
^
Mining of Nevada
Trans Lux
—
—
—
104%
103%; 104"%
F.)—
(B.
warrants
Jan
4%
Feb
5%s A
Jan
60
Feb
9>/a
—
—
—-.
*
preferred
7%
Tonopah
3%
400
4%
1st
Bethlehem
5% Mar
Jan
58
__
__
5%s
Telephone
5s
71/2 Mar
~
3
109%
79%
City Eiec 3%s
Boston
preferred
6%
Edison
/
4%
»———
Shipyards Corp
Toledo
5%
Jan
Bell
Jan
X23% Mar
Jan
1
108% 108%
108%
Jan
6%
Feb
6%
6
23 %
T & T deb
& Sons
100 % 100%
16
5s
without
104% 104%
107
107%
1
45
123
4%s
5s
108% 108%
26%
deb
Avery
Ltd—
dep recs def reg
Amer
Todd
19%
1,100
1,900
——
Tobacco Security Trust Co
Amer
650
7%
5
—
•
Exports
Product
Tobacco
22%
7
5
—
•
Allied Stocks
&
Tobacco
22
7Va
1
—
117
Jan
Mar
6
800
6%
6%
5
common
Realty
Tishman
115
115
t
•
1
Co
Inc
Roofing
— —
.__2
Mar
106
1107% 108%
105
83%
4%s
Atlantic
15V8 Mar
High
102%
1102% 103%
Elec Co—
61
deb
deb
J-J
J-J
,
26
Gas
A Conv
Mar
10
Mar
Low
No.
High
26%
Lt
&
Elec
Associated
Jan
Sold
M-S
Feb
Pr
Range since
January 1
Bonds
Friday's
1948
1949
1950
1968
1977
1955
Jan
51
•
Texon Oil & Land Co
or
105%
12%
150
5
Week's Range
Last
Sale Price Bid & Asked
81%
200
3,300
Jan
82%
14%
51
1
Jan
J-J
Arkansas
•
...
"2%
1953
19% Mar
AConv
common
5,300
Mar
3Va
4%s
17%"»Jan
Assoc
Technicolor Inc
10
14
400
SVi'
Pow
Elec
A Debenture
Tampa Electric Co common
Jan
A-0
Appalachian Pow deb 6s
Appalachian
AConv deb 5s
Taggart Corp common
Jan
1956
17%
26% Mar
10
10% Mar
5s
Feb
100
Jan
J-J
J-D
J-J"
Jan
10
7
Mar
1961
1970
2024
6s
Paper
17%
10
10
4
2016
deb 6s
Lt
&
Pow
Amer
A Conv
—18
Jan
J-J
M-S
14
'
Friday
Interest
Period
1950
1960
1970
51
•*
31/4
Co.—
debs
3%s
Feb
%
f
s
3%s
11% Mar
Feb
% Feb
__
25
110%
5,100
"2% ~2%
; /ft, V
.
American Gas 81 Electric
20'/«
25
10%
Low
Feb
18%- '19%
fty ./•
Jan
6'/8
Jan
100
13% Mar
100
__
——
■
4
9%
2% *
Ended March 31
Week
Amer
.
10%
Exchange*"
Curb
York
New
6% Mar
Feb
8%
%
11% Mar
5% Mar
110%
7%
4
Us
£1
*
Wright Ha 1 greaves Ltd
46%
Jan
~i% 1%
Feb
400
'
-ft-, 100
Mar
4
Jan
"
Jan
10%
10%
13% Mar
1
1% Mar
Jan
■ft 9'
600
10%
9%
Jan
Jan
Jan
8
—
receipts
Preferred
6%
Jan
Feb
8%
3
r.i*
'
5%
:
1
—
s
53% Mar
Jan
43%
deposit
American
Jan
Jan
Jan
5
1,500
6
Jan
Mar
9% Mar
Jan
61
Woodley Petroleum
Woolworth (F W) Ltd
Jan
71
J| Feb
13%
5%
Portland Cement
114
53% Mar
5%
Mar
Wolverine
~
Jan
54
3%
5%
pfd—1U0
10
1%
Lignt
Power
■
,
—m,
9% Mar
Jan
10
200
■'
—
'
-*
Mar
17
Jan
V2
10
8%
'''
3%
1
Inc
Winnipeg Elec common B
Wisconsin
Jan
550
3%
50
8
8%
High
Low
17
—
•
Heating
Oil-O-Matic
Products
Willson
Feb
■
Finch Oil Corp
Swan
ft
10
•
Co
18% Mar
Jan
66%
&
Range since January 1
16
'
—
'
Jan
%
C)
(R
Williams
2% Mar
19
Feb
108 %
Williams
17
Shares
High
17
1
Oil Corp
River
Wicnita
Feb
Mar
Low
10
Mfg
Sales
for Week
Range
of Prices
Par
Inc
Weyenberg Shcc
21% Mar
Jan
100
8%
_50
class B com
Port Cement
superior
1%
Jan
17%
Westmoreland
Jan
Last
Sale Price
/-ft ft
.
Mar
9
Jan
2
%
1
Drug Co
Rav
Sunray Oil 5Vs% conv
18%
1,300
u
•
—-—•
Co—
18
64
65
•
9
50c
1
Co common
<Hugo> Corp
(J B)
Jan
4
Jan
6
3,600
110% 111
•
*
1
50
20
_-l
1
1
Canada
preferred
5% 2d preferred
Sterling Aluminum Products
Sterling Brewers Inc
Sterling Inc
eunrtes
1,400
17%
17%
trust ctfs._l
1st
Stetson
1,150
2%
4%
16
1
class B
Sterchi Bros Stores
6%
2lVs
2
1
—1
-I
Lead
& Co common
(A)
Stein
20
2%
J
(The> Corp voting
Steel Co of
7,800
Jan
ft Feb
——#
Products Co
Standard Tube
Siariett
~9
2%
900
~7V»
8%
-l
10
-1
20
-10
100
preferred
Standard Dredging Ccrp common
Standard
4
-
Standard Cap & Seal common
Standard Silver
3%
*•'»
Standard Brewing Co
Convertible
37/a
100
3%
3%
High
Low
High
Week's
Friday
Exchange
Ended March 31
Week
Range since January 1
Shares
Curb
York
New
for Week
Range
Last
STOCKS
Sales
Week's
Friday
8
Curb Exchange
Week Ended March 31
York
New
Monday, April 3, 1944
COMMERCIAL & FINANCIAL CHRONICLE
THE
1376
105
5
106
3
103
104%
12
107
110%
100% 100%
10
100%
101 %
108% 108%
3
116% 116%
9
107
107 %
103
107
,
103'A
107
109
$112 Va 112%
108
111
116
118
1121/4° 113
Volume
Number 4269
159
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK CURB
BONDS
York
New
Curb
Week Ended
*
Exchange
March
Interest
Last
Period
Sale Price
31
El Assn 5s
V
Bonds
Friday's
or
.
New Eng Gas &
EXCHANGE
Week's Range
Friday
Bid & Asked
c Low
No.
High
New
Range for
January 1
Sold
Low
1377
BONDS
York
Week
Curb
Ended
<
Friday
Exchange
Interest
March 31
New
deb
Loin
Orleans
A Income
N
N
&
Westchester
Debenture
172
72%
81%
Tide
81%
94
72%
81%
Toledo
80 Va
79
81%
171
-72%
81%
Twin
108 %
99% 100 Va
126
95%
100
65
97%
101
United
5
101 Va
104
3
109
111
1st lien & cons 5%s
:
.1959
United Lt & Rys (Delaware) 5%s_1952
United Light &
Railways
9
104%
107%
115 Va
115%
Af-N
M-N
107
tl08
A-O
J-D
100%
100 % 101
1940
J-D
104
104
100
A
Nov
lab4
Ltg 4s
104
......
M-N
111
J-J
106 % 106%
«—2004
5s
"
:
Service—
series
Y State Elec & Gas 3%s_
Y
81 %
78%
1954
Public
6s
79
80%
.1948
Debenture 5 Vis
New
80%
.1961
England Power 3%s.
England Power Assn 5s
New
M-S
J-U
.1950
111
1954
J-J
1948
J-J
1940
M-N
1968
A-O
1971
a- o
1962
f-a
Aug 1955
A-O
Oklahoma Power & Water 5s
1948
F-A
Pacific
103 Va 103 Va
1955
F-A
105
North
Continental
Utility 5Vis
Ogaen Gas 1st 5s
Ohio Power
1st
1st
mtge
3Vis
3s
mtge
f
tll5%
90%
86
19
92
Water
Power
Edison
5s
1979
City Rapid Transit 5%s
Public
Service
Oklahoma Nat Gas
Park
Power
&
4s
.
3%s B
Light
5s
Lexington 1st mtge 3s
Penn Central Lt &
Pwr
.1964
United
Va
4Vis
6s
Electric
N
J
104
108%
Light & Power
Elec
Philadelphia
Rapid
Portland
5s
stamped
Potomac
~
&
Gas
4Vis
109%
Corp
5s
E
Service
6%
of
perpetual
Real
income
;:
..
dsbs
115% 116
Sheridan
j-j
P
Gas
104%
98%
127
-
128
73%
80
__
75%
90
A-O
4
91 Va
3
104% 104%
A-O
A-O
77%
6
103% 104%
QO
89
104%
103%
8
Danish
105 Va
104%
~3
105
105%
104% 104%
46
104
105%
1970
A-O
108%
108% 108%
14
107
2nd
J-J
1951
F-A
1970
F-A
2022
6s
$103% 105%
76%
6s
75
76%
49
72%
1
-
103% 104
M-N
1989
106%
AExternal
103
104%
12
81
89%
A-O
89%
■f.5
83 %
109%
20
108%
109%
5
114%
118
100%
101
$100% 101
92
92
J-D
97%
98
96%
98
J-D
98
98
96%
98
,.
93
86%
97
96%
37
87
97%
86%
Alssue
F-A
J-D
95,
F-A
94%
6s
97%
95
97%
57
94%
96%
47
94
—
F-A
1957
1950
94%
96%
83
-
94%
;
—
J-J
1946
95
33%
A-O
v
85
34
86%
94%
A Parana
A Rio
/
97
86%
30%
37
vy/'.*"-..
>
1
'v
5s—.—.—^-1956
A
24
3
105%
105% 105%
107% 108
22%
7
$117% 119%
—
•
-
—
y
January 1
No.
Low
High
51%
jau
1947
J-J
1948
Bank
54%
J-D
m-N
—
$53 Va
of)
18%
18%
20
67%
$63
72%
2
J-J
$16
20
6%s stamped_1958
M-S
$16%
17%
17
18
1958
(Peru)
M-N
$35%
37
1951
34%
36
J-D
18
23
f-a
•
1952
stamped
Oct
;
16 Va
19 Va
62
72%
60
60
20
21
__
23
21
(State)
de
m-n"
$36%
Cash
a-o
$36%
36-
—
17J4
17%
3';
17
J-D
17%
67
67
1
58
69
M-B
36
35%
36
2
33
1959
J-J
37
37 *
37%
10
34
1919
6%s
_
6%s
J-D
4%
4%
4%
1921
J-J
4%
Deferred delivery sale,
Ex-dividend.
x
a
no
4%
d Ex-Interest,
e
'
.
36
4%
38
Odd-lot sale,
n
...
25
3%
30
..
sale,
37
J-D
1972
{Friday's bid ana asked prices;
A Bonds being traded flat.
y
§Reported In receivership.
24"%
33%
1958
Government
"v
v'
15
__
1931
7s
Janeiro
23
1947
1927
•No par value,
106 Va
.,107
Range Since
Sold
High
$53 Va
„
|
i
1047/s
5
107'A
J-J
2022
—
24
—
J-J
M-N
A-O
,
A 5 Va8
r
;
April 1948
1953
7s
A Russian
,*
96%
4
Bonds
(Col)—
A
Mortgage Bank of Chile 6s
Mortgage Bank of Denmark 5s
97
86%
-
14
:
26
$22%
A-O
1960
5s
Week's Range
or
Friday's
Last
Sale Price Bid & Asked
•
.
1946
Service
Interest
Period
6%s stamped
of
-
1966
1
Friday
Exchange
Mortgage Bank of Bogota 7s
Alssue of May 1927
90
96%
94
a
94
1951
Light
Curb
7s
AMedellin
108%
94
94
A-O
—.—1957
stamped
series
36 %
109
108%
F-A
1955
ALima City
104%
I03»/4
108% 108%
M-S
May 1948
May 1948
Light
114% 114%
24%
107
'
of
deposits——
Industries—
h
108% 109
J-D
Danzig Port & Waterways—
ACertificates
Electric
A-O
137
109
1937
stpd
5s
AMaranho
A7-4s 3d stamped
7-4s
5s
108%
$104% 106
(Calif)—
AStarrett Corp inc 5s
Stinnes (Hugo) Corp—
Texas Powei
36%
$109% 110%
F-A
5%s
-
Texas
34 Va
$107
1947
Co
York
Extended
104 %
105% 105%
104%
Dec
(Hugo)
36%
J-D
i960
5s
20-year 7s
Bogota (see Mortgage
ACauca Valley 7s
«
M-S
6s
Stinnes
M-S
J-D
2030
A
105%
J-J
Rys 4s—
&
114
'
1964
Agricultural Mortgage Bank
a 20-year
7s
110%
D
'r
Power
115%
111%
BONDS
N*w
100%
109%
3Vis
Gas
L
99%
99%
J-J
gold debentures
Standard
114%
16
1951
Week Ended March 31
1965
6s
Debenture
Rys
150
-
Debenture
10
113% 114
Foreign Governments & Municipalities
105%
137%
12
1947
(stamped)
Conv 6s stamped
V 6s
114% 114%
113%
.
AStamped 5s
98
1957
6s
.
1A York
Electric—
&
114%
109
1
3s
5s
Spalding (A G) deb 5s
Standard
92%
106%
98
$110% 115%
$127%
M-S
J
1951
Gas
&
F-A
M-N
112
149% 150
J-D
1967
Southwestern Gas & Elec 3 Vis
Southwestern
108%
104%
^..1954
Traction
111%
98
A-O
1971
Indiana
103 Va
Low
1952
mtge 3s
Southern
107%
102%
110
111
$104% 104%
1970
California
1st
.100%
2
108% 108%
1951
Edison
Counties
2
23
117
7
J-D
1979
6s
Power
Southern
107% 107%
107%
5
J-D
M-N
D
Southern
114
106
111% 111%
M-S
1949
4 Vis
California
98%
111%
108 %
111% 111 %
111%
a-o
1959
Wyoming Coal 6s
Southern
108%
1
,102% 102%
M-N
—1964
Estate
Carolina
South
107%
107%
23
v
Penn
.6s
105%
107%
106% 106 Va
96 %
110%
103% 104 Va
Newspaper Union—
unstamped extended to 1959
stamped extended to 1959
6s
46
106
M-S
New Jersey—
certificates
series
31
103%
Western
Colorado—
Scullin Steel lnc mtge 3s
4Vis
West
106%
15
f-a
1956
Shawinigan Water & Pwr 4Vis
1st
40
,
j-j
-1950
.
Joaquin Lt & Pwr 6s 3
ASchulte
105 Va
7
1962
4Vis B
Water
103%
103 %
106% 107
Queens Borough Gas & Electric—
5 Vis series A—
—1952
Harbor
102%
2
46
$107% 109
$108% 110
—1961.
(Can)
"l
$107% 109
Sinking fund deb 4s
Public
San
104%
1972
mtge 3Vis„_i
Safe
44%
109%
Co—
F
Public Service Co of
1st
/
J-D
6s
98
107%
110% 110%
A-O
2022
Ry & Elec 4s
Wash Water Power 3%s
West Penn Electric 5s
108
105%
M-N
extended——;
Edison
series
Power
Transit
97%
104
3
A-O
„1952
Waldorf-Astoria Hotel—
106
107%
9
$104% 105
M-N
5Vis
Power
Coke
97%
.
High
101%
Co—
A
series
A5s
105%
107% 108%
1970
Philadelphia
J-D
J-D
Low
12
104%
1979
3 Vis
109% 109%
1949
4s
Utah Power & Light CoDebenture 6s series A
qe:
Va
108
j;—1977
5af_
1st
Pennsylvania Water .& Power 3%s_1964
102% 103
109%
NO.
(Maine) —
108% 108 Va
$106
106 %
108 %
J-J
103
J-J
1952
Wash
Ohio
F-A
1968
3%s
108
$103 Va 105 Va
108 y8
Range since
January 1
Sold
High
*
__
90%
Bonds
Bid & Asked
r
.1947
5s
Friday's
or
Sale Price
High
.1948
Conv
Week's Range
Last
Period
3%
..
.4%
4%
Under-the-rule sale
:■
'y
-
sales being transacted during current week.
.
/
.
-
..
.
Abbreviations used above—"cod," fcertiflcates of
deposit; "cons," consolidated; "cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v,"
non-voting stock; "v t c," voting trust certificates;
"wi," when issued; "ww," with warrants; "x w," without warrants.
108%
117% 118
OTHER STOCK EXCHANGES
Friday
Baltimore Stock Exchange
March
25
to
March
31
both inclusive,
compiled from official sales lists
Week's
Friday
Last
8TOCKS
Arundel
Corporation
Bait Transit Co
Preferred
t
v
t
v
_•
—
Eastern Sugars Assoc
com
v
t
8%
c——1
Moore
.
-
_
(Tom) Distillery
-
New Amsterdam Casualty
Seaboard Commercial 5%
—
25
100
75
150
5% •;■•■>'.
e
1.75
5
15%
Jan
18
y
1.75
1,05 Mar
Feb
10V2
66
Feb
69
14
8%
Feb
14'/a
Feb
5
Jan
1.75
5% Mar
2.00
81
10
65
Jan
85
25
25%
66
25
Jan
26%
36%
Feb
Mar
Jan
36%
45
36%
35%
36%
340
35%
Jan
41
Jan
37
—50
—20
37
37
24
33%
Jan
37
Mar
t'l
36% Mar
37
Mar
Baltimore
Line
of
com___
__
Low
35%
100
63%
64%
High
35%
38%
6
6
132
Jan
75
32 '/a
Jan
150
'
56 %
4%
Jan
6
69
V
Mar
39% Mar
Feb
1st preferred series A
100
99%
99% 101%
215
92
Jan
105
Feb
preferred B
100
73%
73%
261
54
Jan
77
Mar
preferred
19%
20%
350
13
Jan
21% Mar
10 %
10%
11%
1,306
8%
Jan
15%
15%
30
14%
Jan
30
30%
275
11%
11%
265
SS
Engineers
adjustment.
Lines
Inc
100
*
common
Group
Association
Public
•
Service
30
1
76
11% Mar
15 % Mar
29% Mar
8%
32%
,
Jail*
Jan
13% Mar
'
First
„
National
General
Stores
•
38%
Capital Corp
Gilchrist
Co
38%
39%
206
35%
•60
31.18
33
$....
33.25
35%
General Electric
36%
1,124
45
•
13%
13%
13%
•
Gillette Safety Razor Co
11
10%
11
146
Jan!.: y-.y 41 % Mar
Feb! 3
34% Mar
10
7%
33.25 Mar
i.'v
37%
i.j
Jan
Jama1 ill
13% Mar
Janw"?
11% Mar
.utoyy
Isle
Royale Copper
Copper
15
Lamson
Corp
(Del)
preferred
1%
1%
699
1
•
Kennecott
6%
Coast
Certificates
Ry
r
Economy Grocery Stores
Bonds—
Atlantic
Range since January 1
High
Feb
29% Mar
Feb
___100
__100
Mass Street
Eastern
Jan
11% Mar
27
Low
Shares
5%
Jan
45
for Week
6%
Mar
Jan
43
Sales
Range
of Prices
6%
Jan
Jan
Jan
Par
6% preferred
employers
7%
Sale Price
Fuel Associates—
&
prior preferred
Eastern
High
80
Va
".V V^«,"
100f
29%
5%
'
—
20
45
: 1,75
—
422
y
UVa
29
5'%
—
25
pfd— -50
10%
29%
100
2
U S Fidelity Si Guar
Western National Bank—
8%
14%
39
68%
45
.__10
Fidelity & Guar Fire Corp
Houston Oil of Texas 6% pfd vtc— —25
10
Humphreys Manufacturing com
Maryland & Pa rr
997
1.25
8%
10%
Range since January 1
Low
17
68%
— —
1
—
Shares
y' y.ii
'■{
Gas
Week's
Last
y y
-
4%%
High
14%
___•
Power com
Co
1.10
1.15
loo
Chemical
16%
?■'"
•
c
c
Consol Gas E L &
Davison
—
common
Low
•
Eastern
for Week
of Prices
Par
y'
Sales
Range
Sale Price
STOCKS—
yvy.y
y
30%
31 Va
217
30
3%
3%
800
5
common-.
„50
—
3Va
y..
30
30
20
2%
Jan
1% Mar
Feb
32% Mar
Feb:
3% Mar
Jan
30
Mar
3%, Jan
6
Feb
25
Conn—
indebt
Transit Co
5%
101% 101%
$100
100
Jan
58%
12,000
51
Jan
1973
4s
57'/a
1975
5s series A
69
67
7,300
59%
IOV/2 Mar
59
Jan
69
Maine
5%
Mar
Mar
Central
RR
100
common
preferred
100
Util Associates
Mass
5%
v
t
5
5%
965
Mergenthaler Linotype
31
34
220
23 %
Jan
36% Mar
1
1
1
36
60c
Jan
1 Va Mar
53
1
c—
52
54
78
47 Va
9
9
170
Jan
54
Mar
y
.'j
Narragansett Racing Assn Inc
Nash-Kelvinator
Boston Stock
March
25 to March
31 both
Week's
Range
for Week
Sale Price
Par
American Sugar Refining
American
Tel
Bird
&
Son
—
&
Boston
'•
.
100
157%
50
*
Edison
Albany RR
—
III100
102*4"
33%
Boston Elevated Ry.
Boston &
7 %
5%
71
class D
32%
209
157%
2,106
29
155%
Feb
Feb
33% Mar
*.
159% Mar
26%
674
24%
Feb
27% Mar
14%
90
11%
Jan
14% Mar
101% 104%
33%
34 Va
100
38%
401
96%
Jan
4,057
32%
Jan-.
115
35%
Feb
Jan
70%
71
360
67
Jan
74% Mar
22
170
19
Jan
8
1st T>fd stamped- —100
Providence
7."ioo
RR
Calumet & Hecla
—
5
39
Service
Copper
For
Range
10
»
Co
footnotes
see
page
1383.
preferred
—•
37%
39
1,733
26
Jan
7%
8ye
565
4
Jan
8
300
5
Jan
8%
Feb
150
5
Jan
9%
Pacific
Mills
6
27%
104
38c
104
104
29%
105
46c
104
12c
100
Mar
365
11%
Feb
13% Mar
900
8c
Jan
15c
125
1
Feb
Jan
1% Mar
12c
200
278
24%
104
Feb
Mar
29% Mar
107
Jan
30c
Jan
15
98
Jan
20
10c
Jan
45c
1,872
46c
104
.
i
Feb
Feb
Suburban
$4
2nd
preferred
Torrington Co
84
25%
Jan
32% Mar
29%
1,236
25%
Jan
30 Va Mar
13%
13%
690
12%
Jan
13% Mar
•
Securities
Elec
30%
29
13%
8%
8%
9
339
8%
Jan
3%
4
255
2%
Jan
4
Mar
70
Mar
91
Mar
*
Webster Inc
Stone &
29%
29%
•
RR
Assn.
common-—*
——
*
•
__
90
91
33%
33%
34%
90
9%
-
41% Feb
8% Mar
Twist
United
Drug
United
Shoe
Inc
Fruit
United
Drill
5
Feb
246
32%
Jan
36
Mar
140
Jan
330
12%
Jan
14
Jan
u
38
39
500
28%
Jan
42%
Feb
Vermont & Mass Ry Co
7
135
6%
Jan
7%
Feb
Waldorf
System
Warren
(S
common
8
Rubber
6
16%
6
.
42
13%
Feb
17% Mar
540
^5%
Jan
6% Mar
D)
Inc
77%
76
71%
70%
44
43%
44%
Co
Westinghouse Electric & Mfg
100
•
•
50
Feb
14% Mar
78%
312
Jan
80% Mar
71%
637
69 %
Jan
74
44
240
43% Mar
44%
46%
190
40%
48% Mar
13%
25
10
,
12%
75%
25
25
Machinery
10
24 %
•
6% preferred
24% Mar
28
13%
24%
—5
—;.
Co
115
11%
115
5
185
110
10%
Feb
Jan
Jan
115
Jan
Feb
Mar
12 Va Mar
11%
11%
25 Va
25 Va
40
25
Va Mar
98'/a
159
99
Mar
95%
/.;
Mar /
50
,
Pennsylvania
Shawmui
Feb
16%
^
104 %
-100
8%
13%
6%
'
29%
100
12.50
Old Colony RR._
■
Cities
■"*
9%
Gas & Elec Assn—
8%
13%
_*
1%
Jan
22% Mar
8
stamped— —100
10c
1
7
High
Union
Boston Personal Prop Trust
&
Low
21%
•
1% class C 1st pfd stamped— —100
Boston
Range since January 1
Maine RR—
prior preferred
class a 1st pfd
10%
•
14%
25
Boston Herald Traveler Corp
30 Va
157
Shares
'
High
12%
10c
North Butte Mining
Northern RR (N H)
25%
*
Inc
Boston
Low
100
& Tel
Anaconda Copper
of Prices
12
♦
&
New England Tel & Tel
Sales
Last
t
5Vz 1c
inclusive, compiled from official sales lists
Friday
STOCKS—
New England
12%
1
Mines
:
National Tunnel
Exchange
5
Cos—.—
Service
National
1
//
~
THE COMMERCIAL &
1378
Monday, April 3, 1944
FINANCIAL CHRONICLE
Week's
Friday
Last
Chicago Stock Exchange
31 both inclusive, compiled from
25 to March
March
Low
Par
(J
Adams
*
Mfg common
Castings
D)
Aetna Ball
13%
14
1—5
Aluminum
Advanced
5%
5%
250
13%
700
4%
—
14%
Feb
5%
Jan
1
14
14%
18%
18%
20
North West Util pr
lien pfd—
_100
117
12% Jan
15
'
common—
110
20%
Jan
Jan
112%
Feb
159% Mar
Omnibus
Corp
(The)
Co.
Coal Co
preferred
Pennsylvania RR
Peabody
B
157%
150
156 Va
Jan
5%
450
5
Jan
6
Jan
Equipment Corp common——1
7%
350
7% Mar
9
Jan
Perfect Circle (The)
Manufacturing Co common—1
1%
1%
50
1%
Jan
Quaker Oats
4
5%
—8
1%
1%
400
1%
Feb
3%
3%
350
3%
Jan
50
12%
Feb
150
20
Jan
300
14% Mar
Asbestos
Co
common
Athey Truss Wheel capital
Washer
Automatic
Aviation Corp
"5%
5
—
common
3
(Delaware)
*
150
5%
Jan
1
4%
.
1%
Barlow
21%
Mfg
Co
Belmont Radio
——10.
9%
9!4
Corp
Corp
15
14%
—_•
common
Aviation
Bendix
22%
14%
common——5
& Seelig Mfg A
Bastian-Blesslng Co common——
Belden
15
Feb
5
.——1
common
Berghoff Brewing Corp
.
—
Schwitzer
Jan
Sears
200
33%
Jan
37% Mar
10 %
350
Jan
10 V* Mar
8
Common
Wire
&
Pence
Brown
class A
.
6'/a
300
vJan
G% Mar
36%
300
34%
Jan
38 V* Mar
18
18
5
...
Piston
Butler
Feb
200
3>A
Feb
4% Mar
4%
350
4%
Jan
4% Mar
9
Jan
105/a Mar
28
Jan
29
10
preferred—
convertible
10
9%
10'/a
800
80
Brothers
b%
4%
1
Ring common
29
287/a
29 Va
500
&
(A
Co
Central
111
Pub
Illinois
Central
Serv
Securities
pfd
$6
% Mar
Prior
10%
Central States Pr & Lt
pref—
common-
59
62
111
130
Jan
13%
13%
170
7%
Jan
10%
Jan
13%
100
12%
Jan
14%
Feb
4%
Feb
6%
4,880
400
45
common
92
93%
100
82
Edison
6% Mar
Jan
50 y2
Jan
94
Jan
Mar
13% Mar
14% Mar
Feb
24%
Jan
26 V*
Jan
5 Va
150
1,700
13%
25
25%
25%
25%
6,350
4%
4%
250
18y«
1
►
.
Crane
Co
Co
&
Deere
Diamond
Dixie-Vortex
Co
Car
Spiegel Inc
Oil
Swift
Co
&
Texas
Corp
Co
23
13%
86%
Works
United
Air
Gardner Denver
General
Co
Finance
•
Cum
General
Motors
Corp
common
1
1
Corp
common
10
.
t*
8
Werner
Hibb
Spencer Bartlett common——25
Motors
class
common
Illinois Brick Co
*
B
(new)
*
Steel Co
Fireman
Iron
U
29%
30
Mar
10
Feb
57%
Feb
'
„
Mar
Jan
18
Mar
4
Mar
41%
51%
42% Mar
Feb
17
tt
—
Electric
Feb
Jan
31%
Feb
150
28
Jan
32%
Jan
Jan
30 Va
48
..
30%
48
100
45%
Feb
49%
13 V*
13%
350
12
Jan
13% Mar
23%
300
27% Mar
24%
71
71
200
71
Mar
5iy4
52%
1,800
51
Feb
55
Mar
121% 121%
50
120
Jan
122
Feb
6
Mar
121%
24%
Jan
24 y2
3%
73 V*
Jan
5%
5%
5%
2,650
26%
26%
200
101%
20
98 %
Jan
27%
26% Mar
Jan
' 101
101
Feb
101% Mar
9%
9%
500
8 Va
Jan
9%
5%
5%
500
4%
Jan
5% Mar
36 Va
36 Va
100
34
Feb
39% Mar
9
*
•
36 y8
Feb
9%
9%
Feb
10% Mar
25%
26%
400
24%
Jan
27% Mar
64%
67
600
56 y2
Jan
68% Mar
50
56%
Jan
—
450
59%
59%
1
5%
5%
5%
•
36%
35%
36%
750
7%
7%
250
19%
20%
550
*
common
Co
common
*
(Glenn L) Co common
—
1
Interlake
Iron
Corp
Nash-Kelvinator
5
•
Corp
York Central RR capital
New
Pullman
—
12%
12
18%
20
Pure
Oil Co
common
•
America common
•
(The)
Radio Corp of
5V2 Mar
400
■
60%
Jan
Brands
11
Mar
Standard
45
Mar
Standard Oil of N
13%
150
13
Jan
15
Mar
Studebaker Corp
20%
150
19% Jan
8%
200
8%
100
8
Jan
110
37
Jan
7
Jan
8% Mar
Jan
20% Mar
16%
11%
Feb
13% Mar
15%
Jan
20% Mar
23%
Feb
27% Mar
37% Jan
43% Mar
24%
26%
350
41%
50
16%
17%
950
9%
15%
12%
Feb
12%
16
Feb
Mar
18
9%
2,500
9%
Feb
10 V*
16%' 17%
1,900
16%
Jan
18% Mar
*
25
53%
53%
53%
200
52%
Feb
1
15%
15 Vs
16
600
14 %
Feb
16% Mar
40%
Feb
46% Mar
9%
28% Mar
Jan
31% Mar
43 >/2 Mar
50
Jan
Feb
59% Mar
Feb
Jan
37%
35%
17
•
Republic Steel Corp common
Jan
6%
950
41%
17%
»
2,700
12%
19
1
*
Inc
Feb
42
12%
t
20%
U S
Rubber
Co
common
J
common
Jan
Mar
200
13%
Jan
700
1%
Jan
1% Mar
4%
1,150
4
Mar
4%
16%
950
10%
Jan
17% Mar
20%
400
19%
Jan
22
17 Va
10
19%
16%
200
March 25 to March
31 both inclusive, compiled from
6%
Feb
Sales
Range
for Week
of Prices
Sale Price
STOCKS—
Feb
Week's
Last
Low
Par
Jan
10%
official sales lists
Friday
Mar
75
72% Feb
100
Cincinnati Stock Exchange
Jan
17% Mar
Feb
Jan
6
150
6
Jan
Jan
9
1%
73%
10
common
54%
Mar
9
m Feb
Jan
15%
10
■
Jan
15%
27y»
2
z
8
17,
*
Jan
550
1,750
16
31%
18 y4
*
& St San com
Steel Corp
Bethlehem
38 Va
73%
10
13%
-
600
6
—
Jan
Jan
15%
Copper
100
20%
'
34%
12 V*
26 %
*
Paramount Pictures Inc
■■'
57
3% Jan
16%
1,000
32% Mar
200
31%
32% Mar
Jan
39
■3.'
15%
15%
'•
—
Mfg Co vtc
V
Jan
4
*
Interstate Power $7 preferred—
,
400
100
400
31%
6% Mar
1%
1
common.;
8
150
42%
15
15
—
,
capital
v
Jan
25
300
2% Mar
4,250
13 %
16
.
Mining
50
Atch Topeka & Santa Fe Ry com—100
Anaconda
Martin
1,500
12%
.•!
*
Indianapolis Power & Light cornInland
4
Jan
Stocks-
11
8%
'
..100
Illinois Central RR common
Jan
41
10
Indep Pneumatic Tool v t c
Jan
5%
17%
Jan
Feb
7% Mar
43
33%
*
common—
American Radiator
42%
8%
***»-
■
~"~1
capital
Indiana Steel Prod
8%
■
•
common,!
Inc
Houdaille-Hershey
Hupp
Corp
20%
*
Hein
Horders
Radio
13%
*
Motor Parts
10%
"4/
2
...
*2%
"
13
,1
common
10%
—
& Dk com
Great Lakes Dr
21% Mar
102
15y2 Jan
150
32%
Feb
(
1,250
V
Feb
51%
100
preferred
42 y8
*
Goodyear Tire & Rubber common.
Gossard Co (H W) common
•
6%
57
56%
57%
►-* O
•
Gillette Safety Razor common
Harnischfeger
Indust
Woodall
Feb
•,
12%
20
6
29
600...
220
30
2
5
Bankshares common
Wisconsin
12%
42%
——
7 .-.L. 7
33
*
prior preferred
General
3%
_<w,
12% Mar
24
Feb
17%
•'
*
General Foods common
5% Mar
4T
1
common
Jan
Jan
Inc—
Stores
Wieboldt
Feb
950
15% Mar
Feb
13
Jan
10%
29
_20
.
Walgreen Co common
16%
9%
90 y2
21%
2%
2
capital
Transp
cumulative
77o
15
29
13% Mar
Feb
50
33 Va
5
Utah Radio Products common
Feb
55%
—
*
common
Corp
Jan
100
9%
30%
Jan
50
...
..
29
15
common—
Feb
29
57
5
(Peter) Brewing common
Line
Steel
14%
6%
Feb
Jan
11
85
50
2,050
5
Gypsum Co common
37%
12%
233.*
21V*
150
100
15%
1
Curtlss-Wright
,
Jan
19% Mar
17% Mar
12%
—
25
S
Feb
50
4%
Jan
23 Va
15%
25
capital
common
S
40 y2 Mar
350
Feb
155
Mar
3'/4
23 Vs
,
Mar
1,000
Mar
11%
*
12%
5
capital
U
v
16
15
capital
2b
U
21%
6'/4
National Watch Co
Elgin
Pox
152
86%
capital
Jan
12%
29
10
152
23
Indiana
(The)
Feb
16
—<
74% Jan
13%
capital
Jan
16
*
Jan
•
Sundstrand Machine Tool common
19
14%
5
71
*
1
common
2
Stockyards capital—*
of
20%
40%
'1
510
Co
Stewart-Warner Corp common
93%
14%
(The)
Paper Corp
73
20
Standard Dredge common
50
39%
■_*
1
34
18%
common
530
21%
14%
Electric Household Util Corp
12 V* Mar
_''V
common
63% Mar
Jan
Co common
capital
St Louis National
21
21
39%
Domestic Industries Inc class A__.
2,200
30
Jan
31%
18%
Lathe
99% 101
—
2
common
Dodge Mfg Corp common-,.
Eddy
20%
'IV"
5
——*
common,
Motor
T
21%
100
pfd—100
2y2
cum
Stores
Drug
3%
Jan
56 y2
30
Mar
27
Jan
2y2
50
Jan
5
90
10
3%
25
common™
Cudahy Packing Co 1%
Cunningham
25
10
10
26
50
152
•
Unlisted
23%
preferred part shares
_—50
Com part shrs v t c class A*
Common part shrs vtc class B
*
1,300
10
*
Consumers Co—
V t c
Mar
29%
33 y2
Feb
14%
16%
Consolidated Biscuit common
Mar
go y2
preferred——5
Corp
Bend
Jan
4%
14%
15%
—
87
Jan
17% Mar
14%
16 Va
common
Mar
4y8 Mar
Jan
79
71 Vs
.'
Signode Steel Strap Co common
Zenith
Commonwealth
3y8
I
20
27
Jan
24
850
29 V*
72
Sinclair Oil
Feb
49%
"5%
Jan
63%
49
6%
Jan
Jan
Jan
'
49
10% Mar
116%
58%
8%'
8
Jan
—10
Yellow Cab capital
Co
61
10% Feb
Jan
••
% Mar
■
ivy.': % Mar
10
1
*
5
*
preferred
Cities Service
112
5
Corp common
Chicago Flexible Shaft
112
Jan
9'/4
1,100
112
•
Cherry Burrell Corp common
Convertible
95'A
Jan
%
350
ft
*
pref
Preferred
Chicago
ft
%
"%
50c
Util com
West
*
lien
Chicago
90
10%
ft
*
preferred
& South
130
300
A
100
3%
500
Cummins
Trane
1
Convertible
92%
91%
9IV2
•
27
86
4
21% Mar
Jan
20
21
Corp—
Common
Central
50
21
common——10
M)
9j/4
800
4
Swift International
Castle
Mar
118
33%
100
,
Roebuck &
Standard
Burd
Jan
Mar
14%
4'/a
4 V*
—1
150
4 Va
pfd—
—
6 Va
36%
17 V*
———1
,—5
capital
Borg-Warner Corp common
Mfg Co
20% Mar
Jan
60%
•
common
Sangamo Electric
Jan
South
Binks
16%
95
20
10%
86
*
Mfg Co common.—.
9%
37%
37
10
—.
.
22% Mar
Jan
.
Co
Raytheon Mfg Co 67c
15%
8%
9%
2% Mar
1% Mar
200
250
118
3%
3%
86
29%
50
100
Co
Preferred
15>/2 Mar
850
9
21% Mar
Jan
4%
,
Reliance
15
Feb
2%
27
5
100
capital
Coke capital
Lt &
Peoples Gas
6% Mar
Jan
10
common
common
6%
5%
Tel &
&
Armour
19
20%
9%
9%
6
common
X7%
American
Aro
10
110
157 V*
preferred—-——100
Tel Co capital
100
American Pub Serv
20% Mar
200
21%
1%
Parker Pen
Laboratories
Allied
•i
High
17% Mar
Mar
Jan
109%
150
common
LOW
150
Jan
5% Mar
17%
500
•
Bearing common
*
—*
Inc
Rights
Range Since January 1
,
18
common
Airlines
Northwest
High
18
Northwest Bancorp
High
Low
14
20
ShareB
High
x2i
Range since January 1
Shares
of Prices
Sale Price
,
for Week
Range
Last
STOCKS—
Low
Par
North American Car common
Sales
for Week
Range
of Prices
Sale Price
official sales lists
Sales
Week's
Friday
STOCKS—
Range since January 1
Shares
Low
High
High
~
20
19%
7%
Jan
18
100
Jan
19% Mar
9
Industries
Aluminum
27%
20
Laundry Machine —:
American Products prior pfd
American
9%
28 %
7
6
4%
*
5%
4%
5%
9
9
6%
6%
24%
6
9
35..
25%
147
3
708
Mar
Feb
Feb
9%
Feb
28 y4 Mar
6
Mar
capital
Co
(W B)
Mfg Co
Katz Drug Co common
.
Tube
Common
&
14
200
13%
Jan
15% Mar
100
10%
Jan
11%
5%
250
4%
Jan
6%
7%
1,300
6'/a
Jan
8V4 Mar
13%
13%
100
10%
Jan
2%
2%
1,950
1%
Jan
4%
4%
50
3%
Feb
5
7%
7%
4,100
6%
Jan
77/s Mar
1%
7Va
14
11%
7
r
——
1
*
Kellogg Switchboard common
Ken-Rad
14
.1
.
11%
5%
1
_
common
1%
1,000
%
Jan
1% Mar
220
15 y2
Jan
Participating preferred
2,315
4
Feb
5% Mar
2
8
Jan
9
6%
200
6
Mar
6j/2
Jan
24%
24%
70
23%
Jan
26%
Feb
11%
Jarvis
Joy
11%
50
10% Mar
13% Mar
3%
3%
200
Feb
3% Mar
104% 104%
Jan
104% Mar
Feb
Jan
Baldwin
.8
-
Burger Brewing
—
Mar
Lamp*
A
—
_
_
16
Jan
Champion
Feb
Cincinnati
*
Paper & Fibre
'
—5
La Salle Ext Univ common
Leath
&
Co
*
common
Llbby McNeill & Libby common
Printing Co common—
Lincoln
*
_
_
*
preferred
$3 y2
—7
mm —
"
J.—
'
17%
10%
17%
5
Line Material Co common
Lynch Corp common.
_
19
10%
50
10% Mar
27
_
27
50
27
Mar
*
2%
Mar
19
Mar
11
Jan
—
Crystal Tissue
McCord
Rad
&
class A
Mfg
McWilliams Dredging Co common..
Field
West
Middle
Corp
United
50
.
»
:
Prod
capital
Jan
Jan
9
33% Mar
33
Gibson Art
34
Feb
Hatfield
15
Mar
33%
25
14%
350
13%
38%
100
38% Mar
40%
6%
Jan
1
5%
5%
5%
450
10%
10%
10%
3,700
*
9%
Jan
Feb
11% Mar
Jan
•
7%
Miller
Util
prior
6%
21% Mar
1,150
5% Mar
8% Mar
1,900
5% Mar
1,500
50
.100
8%
7%
8%
,100
prior lien
lien
8%
7%
8%
19%
»
Common
stock
v
•
2
2
9%
t c
—:
Participating
Kroger
—
35
prior preferred
Minneapolis Brew Co
Modine
Chemical Co
1
common
9%
8%
1% Jan
750
100
common
Montgomery Ward & Co
Nachman
Springfilled
j_
common
common
1,200
Pumps
footnotes
see
page
1383.
9y4
2%
Jan
10%
Jan
Card
S. Printing
S Playing
U
7%
U.
Jan
Feb
28
class
Feb
8 % Mar
11
11%
38
10% Feb
12
Jan
33
25
33
Jan
35
Jan
35
36%
65
29
Jan
36% Mar
4%
4y8
3%
5
43
Jan
4y4 Mar
34%
35
2
50
Jan
43
31%
397
4%
34
15
Jan
35% Mar
2
Mar
4% Mar
7
2
Feb
Mar
4% Mar
54
54%
449
54
Feb
58%
Jan
12
225
10
Jan
12
:
Feb
43%
43%
6
45%
Feb
10
10%
137
36
37 Va
9
13%
13%
13%
271
4%
—10
*
Mar
2% Mar
48 y4 Mar
American
14% Jan
17%
Columbia Gas
16%
16%
150
'
4%
4%
HO
11%
12
150
11%
12%
12%
12%
150
12
34
34
35
200
32%
Jan
37
37
50
33%
Jan
Feb
Va Mar
10%
50
A.
40% Jan
Jan
10% Mar
36
Mar
38% Mar
12
Jan
14'/4 Feb
8V4
8% Mar
30
427/a Feb
16%
—
Preferred
27/e Mar
*
-10
Jan
150
150
■
7%
12
54%
Procter & Gamble-
100
45%
_
Mar
100
2
Rapid
2%
45
1
Mar
78
8 Va
4%
—
.10
29%
45
2
cap stock
Noblitt-Sparks Ind Inc capital.
2%
•
National Cylinder Gas common
National Standard
29
*
National Pressure Cooker common.
For
8%
*
Mfg common
Monroe
9
Jan
43
34%
—
National
4y8
100
preferred
"
$1
Jan
72
8% Mar
%
20%
Hart—
&
~7%
138
33
11%
*
Midland
99
692
% Mar
Feb
ft
20%
ft
_
208
8%
77%
Feb
5% Mar
•
*
Preferred
Convertible preferred A
8%
77
8%
.—®
Insulation
Feb
Co—
Common
8%
77
2%
Mar
9%
14%
5
common.
22%
38%
33%
—
•
Masonite Corp common
Midland
30
9
.
common
Mickelberry's Food
29'
X9
0
Mapes Consol Mfg capital
Marshall
29
*
10
Eagle-Picher
Formica
•
104%
——*
1——
Feb
277/s
5
Cincinnati Gas & Electric preferred_100
Cincinnati Street
—50
Cincinnati Telephone
50
Ball Crank
Feb
Unlisted—
Rolling Mill
%
25
12% Mar
13
Jan
37
General
Motors
10
58
,,
4% Jan
5s/4 Mar
56%
58
235
51% Feb
59% Mar
30
30
100
28% Jan
31% Mar
Feb
38% Mar
Standard
Brands
•
Volume
159
Number 4269
v
THE COMMERCIAL & FINANCIAL CHRONICLE
u ;
1379
other stock exchanges
Cleveland Stock Exchange ;
March
25 to March
31
both
Friday
Week's
Last
STOCKS—
Sale Price
Akron
Brass
City
Manufacturing
Coach
&
Ice
&
Fuel
Preferred
*
100
.
Cliffs
Corp
Iron
preferred
20
5
13%
5%
235
17%
Jan
.11% Mar
15
Jan
17% Mar
104% Mar
104% Mar
6
Accessories
Corp__i?
Company
Blue Diamond Corporation
Bolsa
Chica
22
Jan
71
Mar
Byron
13% Mar
15
Mar
California
29
20%
Jan
22
Mar
50.£
19%
Feb
23 % Mar
183
40%
Feb
48% Mar
143
36%
Feb
44% Mar
44
Feb
45
150
12%
Feb
14% Mar
65
21
43%
Jan
50
31
Feb
33% Mar
21
Mar
23
Jan
11
Mar
12%
Jan
Goodyear
Feb
6%
Feb
Hancock
-
849
General
T
&
Goodrich,
B
Goodyear
Tire
Greif
Bros
*
.
R
Co
a22% a22%
*
a45% a47%
•
a42% a43%
F—
&
Rubber
Cooperage
class A
*
Halle Bros common
Kelly
McKee
National
Ohio
21
21
9
11%
11%
140
9
5%
6%
^00
Tr
*
;
Cement
Paving
:
Dorn
Works
Iron
14%
35
Tool
18
1
17%
11
*
___•
11
9
Weinberger Drug Stores
Motor
Jan
4% Mar
Jan
16% Mar
Jan
"
Feb
9
Creameries
Electrical
Farnsworth
Bros
Intercoast
15%
Jan
19%
Jan
Mascot
5%
Jan
8%
Jan
12%
a20% a21%
78
Cleveland
com
1
a39% a39%
45
9
a35% a363/a
Jan
•195
22% Mar
Graphite Bronze
Co
Industrial
Rayon common
Interlake
N
Iron
Central
Y
Ohio
Oil
R
Steel
Steel
S
R
a73/4
:__—9
Jan
20% Jan
Feb/;/
38%
90
Feb
40%
Jan
7.%
Jan
8
Mar
<:
17:'.
145
20 % Mar
Feb
a
19 Va a 19%
175
17%
Feb
193/4 Mar
16 3/4 a 17%
165
16%
Feb
18
Mar
99
51%
Jan
55
Mar
14%
Jan
16% Mar
al5%
a
153A
Co__
140
&
Clay
5% %
Co
379
45
Jan
543/8 Mar
2,015
9%
Jan
10%
23%
450
20%
Jan
23% Mar
9%
1,920
7%
Jan
93/b Mar
63
10
10%
—.
•
Feb
12%
12%
225
12
Jan
30
35
900
30
Mar
12%
12%
12 3/a
340
9%
Jan
14%
563/4
57%
775
523/4
Jan
59 % Mar
125
7%
Jan
38%
Jan
42% Mar
47%
Feb
50
Jan
80
Jan
92%
Jan
•
•!«*»/
9
'
■
9
a42 Va a433/4
47%
140
13% Mar
35
Jan
9
Jan
Mar
47%
47%
178
87%
87%
100
9%
9%
800
8%
Feb
10% Mar
9%
•
9%
100
53/4
Jan
9% Mar
-
1
—#
1%
113
1%
Jan
1%
1% Mar
35c
100:
32c
16c
21c
43,000
4c
Jan
21c
Mar
__10c
42c
40c
43c
13,123
30c
Feb
44c
Mar
1
Elec
1st
1
Union
♦
15%
Feb
17%
202
11%
Jan
16% Mar
682'
10
Jan
153/4 Mar
67%
Jan
16%
11
70
1.15
1,200
1.20
1.05
860
«70
Jan
Feb
30
10 c
30
9c
10 c
3,600
29
29
.
30
300
Jan
1.25 Mar
1,000
Jan
7c
30
Jan
Feb
/14c
Jan
25
Jan
30
Jan
6
Feb
9
6%
6%
6%
1,220
25
32%
32%
33%
711
30%
Jan
33% Mar
36%
36%
386
35 %
Jan
36 3/e Mar
134
32% Mar
32% Mar
450
40%
Jan
43% Mar
534
Jan
7
47% Mar
49
Feb
10
Mar
a32% a33
25
9
common
Corp
42%
common.
a
1
42%
14%
14%
14%
6%
—'.—10
6%
6%
-(
6% Mar
50
745
Jan
—50
47%
47%
40
•
a9%
a9%
125
8%
Feb
1
3%
33/i
400
3%
Jan
4%
36%
Jan
40%
Feb
2c
Jan
3c
Mar
common
Inc
9
a46 %
30
Corp
Sierra Trading Corp
Signal Oil & Gas Co class
Southern Calif Edison
9
Ltd
48
48
41
Jan
48
11%
12%
2,027
103/4
Jan
12% Mar
8%
9%
1,062
8 3/a
Jan
9% Mar
Mar
23%
1,984
Feb
24 Vb
-541
303/4 Mar
32%
Feb
29%
305
29% Jan
313/a
Feb
36%
25 '
23%
30%
293/4
293/4
__25
preferred A
125
303/4
-
.
25
preferred
12,100
8%
25
__25
10
5c
90
12%
9
6% preferred class B
5%% preferred C—
6','0
2c
Jan
90
39
a27% a27%
5c
* '
Co
39
a27 %
_25c
A
a46% a47
'
15
Corporation
Co
225
16%
15 %
70
'
1.20
„
25
..._—_■
Oil
Calif Gas
Feb
'
__i
Ryan Aeronautical Co
Safeway Stores,
Security Co
35c
15%
'
___i
preferred—.,.
5y2 % preferred
Richfield Oil Corp
'*
1
Co
Jan.
15
1
common
Oil
16%
153/a
9
Products—
&
-1..
..,-,
10
Co
preferred.—.
Oil
54%
.
a83% a85
35c-
...
Western
6%
54
Jan
Mar
19c
Sontag Chain Stores Co Ltd
Watling, Lerchen & Co.
28% Mar
1
Lighting Corp
So.
Feb
35
10c
common
Pacific
Sinclair
25%
9
__10
Corp..—
Pacific
Shell
20
1.95 Mar
16%
'
Co—
Gas
1st
22
23%
9
Nordon Petroleum Corp
Occidental Petroleum Corp...
6%
Feb
21% Mar
a28% a28 Va
•
common
Co_____
Republic Petroleum
a
9
common
Jan
37%
a51% a52%
9
l__9
Youngstown Steel Door
41%
Feb
3$
3
a73/4
al8% a20
9
common
common
393% Mar
'56
a39 % a39 %
9
common.
19 3/a a 20%
a
—9
common
common
Republic
U
9
common—
A
Mfg Co
Merchants Petroleum
Pacific
Jan
15%
120
■
9
Menasco
Pacific
'
1.30
150
__10c
Oil
common__lO
6,100
21%
54%
10
common..
Petroleum
(I)
Unlisted—
1.95
16%
21%
■
Radio——__1
Co
Magnin
37% Mar
1.85
16%
.1
&
Lockheed Aircraft Corp
Los Angeles Investment Co
24 % Mar
Feb
1.95
_4
Rubber
class
Petroleum
Oil
Feb
Feb
2.00
10%
Hupp Motor Car Corp
Jade
Mar
Addressograph-Multigraph
&
Co
Packing
Mar
20
Jan
•
Hunt
15
35% Mar
1.80
a83 %
Hudson Motor Car Co
43%
10
631
1
36
102
Glidden
Tire
Oil
75
i:
Feb
1.95
1
Corp
General Motors Corp common—
General Paint Corp common
Jan
a23% a23%
America—
Television
Jan
Feb
6%
*
Lincoln
7% Mar
Feb
Jan
5
Exeter Oil Co Ltd A—.,
Jan
a36% a36%
General Electric common
of
Products
400'
•
23/4
43/4
*
32%
1,253
7%
Jan
2,730
——
Corp common..—9
Investment Corp
100
40%
12%
2
Packing
21% Mar
20% Mar
62-
9
Tube—
Feb
3%
50
Youngstown Sheet &
Mar
18
6%
300
11
38
15% Mar
395
18
7%
9
Jan
36%
-14%
15
a 43%
1
Preferred
tfifrfc
1,050
1.90
9
Chrysler Corp
Consolidated Steel Corp
Low
23/a
5%
_9
common
Co
High
2%
5%
2
Holly Development Co
131
35
35
a43
Mar
113
...
a20% a20%
*
Feb
300
16%
1
25
5%
150
a8%
9
—
„
Ohio
of
--
25
4%
a
a8%
*
Bros
Oil
a8%
78
16%
4%
al5%
9
342
37%
16%
9
—
A
Corp
Richman
White
37%
*
Brick
class
Standard
Vlchek
33%
class B
Brass
Van
33
Acme
LeMur
Packer
14%
50
*
class B__
Metropolitan
Nestle
14%
50
:
Portland
62
*
Sessions
(A G)
Medusa
-
14%
:
Island Lime &
&
;
45
50
100
Steamship
Machine
Lamson
45
5
Preferred
Interlake
Jaeger
•
25
;
Low
Shares
23%
1
Corporation
Jackson
Central
Faultless Rubber
Oil
Broadway Dept Store, Inc
Jan
Jan
295
Sales
for Week
Range
5%
50o
Petroleum
18%
100
71
14
Week's
of Prices
Par
Aircraft
Bandini
63
20
21
Mar
10
•
13%
inclusive, compiled from official sales lists
Sale Price
High
6
Feb
200
53
■
69%
9
common
•,
al04%al04%
_1
Cliffs
both
STOCKS—
Range since January 1
Low
'
6
a
81
Last
Shares
•
11%
16%
a
Angeles Stock Exchange
to March
Friday
High
5%
11 %
:
Clark Controller
Cleveland
Low
5
;
25
for Week
of Prices
50
Body
March
Sales
Range
Par
American
Los
inclusive, compiled from official sales lists
36%
304
36% Mar
36% Mar
a35% a35%
23
Jan
40
34%
Jan
9
29%
283/4
30%
1,340
24%
Jan
Standard Oil Co of California
31% Mar
9
37%
36%
37%
2,183
35%
Feb
38%
Jan
Sunray Oil Corp
1
6
Mar
Southern
Members
New York Curb Associate
New York Stock Exchange
Stock Exchange
Detroit
Union
Oil
of
California
Universal Consolidated
DETROIT
Ford Building
Co„
Western
Air
Lines,
19
a
5%
635
5%
Feb
9%
1,210
8%
Jan
93/4 Mar
18% al8%
39
19%
Feb
193/4 Mar
4,527
18%
Feb
19 3/a Mar
12
Jan
13
18%
110
8%
100
3%
10
12%
8%
4
19
12%
y
10
..1
Yosfernite Portland Cement pfd—
Feb
8%
al8%
25
Oil Co
Inc
36%
5%
Transamerica Corp
2
Transcontinental & West Air, Inc.——5
Chicago Stock Exchange
t
Pacific
4
Mar
8% Mar
8% Mar
33/a
1,031
4
Jan
Mar
Telephone: Randolph 5530
Vjfff.
Mining Stocks—
Alaska
Juneau
Black
Gold
Mammoth
Mining Co
Cons
10
Mng Co
Detroit Stock Exchange
25 to March
March
both
31
Range
Low
Electric common
Allen
Atlas Drop
Baldwin
—
common—.
7%
Machine—
Continental
Motors
Milner
-
&
Detroit
Edison
1
common—.
Nav
5%
Federal
Motor
Wood
Gar
Truck
Jan
Jan
31% Mar
.12%
Jan
13% Mar
14%
Feb
15%
Jan
General
Finance
General
Motors
„
3,825
18%
Jan
20'/a Mar
3,400
75c
Jan
1
3%
3%
21%
320
,
1
__
4%
Jan
5%
Jan
6 3/4 Mar
1,720
4%
Jan
5% Mar
470
200
,/
3:%
52%
1,125
1%
3% Mar
Jan
840
1%
Feb
3%
19
100
20
9%
62c
Mar
21% Mar
17t% Jan
210
8%
100
•
x
50c
59 % Mar
Jan
..
10% Mar
Jan
Jan
23%
100
-1%
120
70c
2% Mar
1%
1 % Mar
20 % Mar
Jan
2%
—
1
Jan
57%
1%
62c.
„
*
63/4
5%
9%
.___
3%
100
20
—1
Mfg common
Products common....
19%
57
,>
common.....—
Hurd Lock &
Kingston
43/4 Mar
6% Mar
3%
7
.1%
Car
Jan
Jan
63/4
.
57%
common.—
Motor
Hudson
33/4
4%
5%
6%
5%
1
Ball & Bearing common—__10
Hoover
6 % Mar
;v:
650
3,500
203/a
,
1
common
common
Jan
43/4
6%
193/8
—
10
Graham-Paige
4%
275
5%
6
v;
_3
common
606
Baldwin
1
—9
common..
Industries
67%
Barnsdall
%
4%
—5
common
6
Jan
5%
7
Michigan Stove common.—__1
Corp
27
7%
300
5
Steel
Jan
53/8 Mar
435
234
19%
Detroit
24%
150
7
15%
20
Detroit
542
53/a
Feb
123/4
6%
Detroit Gray Iron common—.
26%
Feb
153/a
common—10
common—
433/8
1 %
123/4
—9
common
Cleveland
Detroit
157% Mar
7%
•
Crowley,
10% Mar
Jan
Feb
Jan
/
—9
common————10
Paper
Jan
42%
Jan
15% /
31%
*
Mfg common
Consolidated
9
156%
lVs
6
1 % Mar
2%
Aviation
Products
common
...
1
1%
McClanahan Oil common—
29c
Michigan Die Casting common—
_1
Michigan Silica common.———__—1
Michigan
Sugar
Micromatic
Mid-West
Hone
Wheel
Motor
75c
——5
■
1%
13/4
1%
19%
200
24c
1%
•;
100
4,900
7
1%
__
'i
75c'
6%
__
common..____—50c /
common
2,400
75c'
•
__
X
common—
Abrasive
__
9
common..—.
32c
'2
2: '■
19%
200
1%
75c
1
Chem Co:common———"
Park
Packard
Motor
Davis
Parke,
Parker-Wol
Car
•
common...;
common
28%
*
common.
9
——
3
'
28%
'
—
9
3
Jan
J/
•
Jan
•
300
2% Mar
3%
29%
1,224
i
100
Jan
Mar
7% Mar
-
2%
Jan
193/4 Mar
■
Borden
t
Case
(J
67
5
Ry
I)
21% Mar
Jan
18% Mar
34%
Jan
36
60
a
Co
603/4 Mar
30 Vb
30
253
30% Mar
V 20
30%
a9 %
>
8%
Mar
Corp
Commercial Solvents Corp..
Commonwealth
110
a35 % a36%
100
9
a48% a48%
20
a4%
67
4%
Feb
al5% al5%
30
14%
Feb
%
Feb
Electric
&
Southern
9
a4%
__9
Corp
9
Continental Motors Corp
Crown Zellerbach Corp
Corp
9
1
Lgiht Corp...
General Electric
(B F)
Corp...
3,957
50
15%
3/4
163/4 Mar
450
53/4
100
al7% al7%
a4%
a413/4 a41%
a46 % a473/a
53/4
17
Feb
Feb
6
Jan
Jan
Mar
17% Mar
Feb
6'/8
Jan
17
Jan
Jan
104
a4%
a35% a363/8
1,
Feb
Feb
5
5%'Jan
10
5%
al7%
-
4%
Feb
4%
Feb
504
35%
Feb
37%
Jan
104
41%
Jan
41%
Jan
65
43
Mar
,
'f 47% Mar
al%
25
1%
Feb
a30% a32%
120
28%
Jan
26%
360
26% Mar
273/4
13
390
12
Jan
14
a31%
130
30%
Feb
32% Mar
1
Railway Co..
45%
%
9
Co
Northern
35%
a5%
_.9
....
Feb
Jan
16% al6%
•
Company
General Foods Corp.
10%
35%
45%
i A
a
1
&
Class A
Jan
a5%
1
5
Mar
58% Mar
a9 %
.-
Feb
70
15%
.100
&
Electric Power
Feb
16%
a36 % a36 %
5
Co.
Curtiss-Wright
19%
200
-385
25
Tractor
Gas
180
17%
58%(, 58%
al5%
15
Caterpillar
_4%
a20 %
a37% a37%
■
Corp
Jan
163/4
5
67 Va Mar
33/4
4
a19
19%
Jan
Jan'
125
4
a
56
Feb'
Mar
501.
a28% a29 3/a
_5
Co
Pacific
Columbia
5%
13
c
Co
Borg-Warner
Canadian
-
Int'l
al%
—9
Nickel
V,S
-
Feb
■
-
3%
Feb
41/4 Mar
30 3/4
28% Feb
Feb
of
Co
Canada—
9
International Tel & Tel—
Kennecott
Copper Corp
Central
North
North
American
Packard
a31
a31%
7%
7%
301
a60%
l3/4 Mar
30
Feb
a223/4 a22%
16
a60
9
II
-18
8
443/4
::
_—1
-10
1,305
9;
Jan
93/b Mar
1%
Feb
1% Mar
Paramount
8
Jan
9
Pennsylvania Railroad Company—
Phelps Dodge Corporation—
Pullman Incorporated
4%
23
-
Jan
7% Mar
23
Jan
443/4 Mar
47 3/4 Mar
15%
20% Mar
Jan
9%
Feb
142
8%
Jan
al7%
206
16%
Jan
183/8 Mar
193/8
528
18%
Feb
19V2 Mar
3%
Jan
4% Mar
26%
Jan
29% Mar
a8%
a834
19 3/a
Co—
Car
255
20%
al7
al7%
—
Motor
443/4
18%
RR
Co
Jan
7
Jan
Mar
65
7%
«
Aviation, Inc.
American
Ohio Oil Co
123/4
9
.17
_7
Montgomery Ward & Co Inc
York
26%
—9
Libby, McNeill & Libby
Loew's, Inc
McKesson & Robbins, Inc
New
..-v/.
970
9
l3/4
88c
Jan
4%
4
-
Jan
Jan
Jan
i
Airplane
26
'
1% Mar
Feb
17%
v
Bethlehem Steel Corp—
Graham-Paige Motors
Mar
100
Works
Oil
Goodrich
2
1%
Locomotive
Boeing
a93/4 alO
a9%
3
Feb
36c
270
"
Corporation
Jan
Jan
5.
•
:
Company.
Aviation Corp
Bendix
Great
Screw
Masco
Feb
8
6
27%
Jan
l%c Mar
799
150
347
6%
7%c
170
325
31%
Mar
53/4 Mar
157% 157%
1%
31
Jan
lc
410
a43% a43 %
7%
6%
^
f
Briggs
High
Low
.
6c
2,000
5%
100
1%
_5
i—1
Burroughs Adding
High
1,000
1%C
Viscose
7%
—-1
Forge common
Rubber
Range since January 1
Sanl Corp
Co
& Tel
Tel
American
Shares
7c
l%c
Corp
14
Anaconda Copper Mining Co
50
Armour & Co (111)
5
Atchison. Topeka & Santa Fe Ry__100
Atlantic Refining Company
25
American
lists
for Week
of Prices
Last
Sale Price
sales
5%
7c
25c
Stocks—
Amer Rad & Std
official
Sales
Week's
Friday
STOCKS—
from
inclusive, compiled
'Unlisted
5%
l%c
10c
Imperial Development Co Ltd
4.%'
4%
315
~
Peninsular Metal Products common—1
Pfeiffer
Rickel
Brew
(H
W)
common...
...—
•
:./l%
1%
3%
9
3%
3%
1,700
9
3%
__
common——2
River Raisin Paper common..
1%
9
3%
9
100
270
•••:
3:
Jan
33/« Mar
100
3y8
Jan
3% Mar
I
Feb
—10
common
Sheller Mfg common———
1
common.....——1
Simplicity Pattern
Standard
Stearns
Tivoli
Tube class
(Frederick)
—
•
^
10%
2%
1%
'
1%'
100
10% Mar
400
3%
300
12
2% Mar
800
Jan
41/4 Mar
Jan
2%
Jan
"
—1
Radio
Corp of
1%
Jan
1% Mar
600
17%
Feb
21% Mar
Southern
3%
1,100
2%
Jan
3j/4 Mar
Standard
Railway
Brands
U
S
Radiator common
Universal
Cass
class
Class B
Co
class
For
footnotes
see
page
1383.
—4
3%
200
r
2%
5%
Jan
3%
Jan
478
>
•
Feb
Standard Oil Co
6%
Feb
Stone
&
Webster
812
23/4
Jan
3% Mar
6%
Jan
8% Mar
Swift
l3/4
Jan
3
Mar
33
Mar
Texas
Gulf
30
Jan
6%
100
6
Feb
1%
400
98c
Jan
1% Mar
Union
Carbide
4%
4%
750
Jan
4% Mar
Union
Pacific
3%
63/s Mar
Tide
12%
Feb
22% Mar
42% Mar
18
9%
Mar
9%
576
Feb
10%
Jan
17%
290
17 % Mar
18%
Jan
188
88% Mar
88 % Mar
222
12
Feb
13 Va Mar
22%
Jan
12%
12%
a25
Feb
Mar
a25
5
27% Mar
a30% a303/4
15
a33%
a33% a33%
10
323/4 Mar
33%
53% Mar
55
53%
537/s
196
8%
8%
IOO
1
16
83/8
Jan
Feb
Mar
9% Mar
163/4 Mar
Carbon
Railroad
Corp
Company
Feb
a31% a31%
160
27%
Jan
31%
Feb
a487/a
a48% a48%
165
46%
Feb
46%
Feb
9
Oil Co.
14%
a31%
25
Water Associated
1,600
25
Sulphur Co
&
15%
9
Company
(The)
200
20%
42
130
.25
Texas Corp
&
520
255
17%
a86 % a88
*
.25
Studebaker Corporation
233
1,458
a
a30 %
(N J)
Inc.
8%
1%
4%
Il5
(Indiana)
23/4
33
al7
9%
•
Company
2% *
6%'
1
common
Wayne Screw Prod common..
6
33
t—9
—
Aircraft
2%
:_9
A
3%
21%
42
21%
—.
Inc
8%
_9
——L—9
!
5%
3%
—1
A_„—
B
Walker &
Warner
Cooler
6
614
17%
Steel Corp
Roebuck & Co
Socony-Vacuum Oil Co
Sears,
21%
101
29%
42
17%
Republic
20
3%
1
—1
.25
•
America
a25 %
29%
29%
a
Standard Oil Co
Udylite common
United Specialties
a25
.50
——
3
common
Brewery common
23/8
•
4%
2%
—■
common——1
B
10%
4
„1
Inc
Oil Co
Pure
Scotten-Dillon
Pictures,
a34%
a34% a347/s
25
50
13%
Jan
14% Mar
195
78 Va
Feb
78%
10
a
•
a78%
100
al04%
14%
16
a
14%
a78% a80
al03%al043/8
81
Feb
\
Monday, April 3, 1944
COMMERCIAL & FINANCIAL CHRONICLE
THE
1380
OTHER STOCK EXCHANGES
Friday
Range
1
Range Since January
Shares
;
1
'
-
Low
Par
'
1
United
Aircraft Corp
United
Corporation (Del)
Co——
U S Rubber
a28%
5
-*
10
115
A':
■
imrm'1''
.
'
—
"
—-
Candy_—
—-—
Columbia Gas & Electric common- Z>
Continental Commercial Corp corn- —1
Clark
l'A Mar
Mar
47% Mar
Devonian Oil
51% Mar
50
53% Mar
Fort
44
416
7%
Jan
9
480
4%
Feb
5% Mar
1%
100
1% Mar
1% Mar
16%
225
100
12
Jan
14
187
42%
Feb
47% Mar
a7%
10
a7%
39'/a
6%
50
39 %
Feb
93
70
a95% a97%
270
95
Feb
7% Mar
39% Mar
Jan
37
Mar
Koppers Co preferred
Lone
—_
1
•'
7%
1
Corp
Fireprooflng
0
Brewing
Pittsburgh
common---—
*
'
Philadelphia Stock Exchange
inclusive, compiled from official sales lists
March 31 both
STOCKS—
v
'
Par
14%
15% 15%
20
\ 157 k
447
18% 20'/$
130
Bankers Securities Corp preferred—SO—~r,^37-~37.--^.-100
Barber Asphalt Corp
10
25%
25% 25%
50
Budd (E G) Mfg Co common-'
"
—63/4 7
75
•
American Stores
Works v t C——13
Pub Co
Motors-—
General
Pennroad Corp
—
preference
$1
common
preferred
8%
4.4%
Corporation
Philco
Reading Co common
Scott
Paper
common
:
Sun Oil
25
118%
Mar
6%
46%
—
—
29% 29%
38% 39%
—
55%
56%
•'
—1
Mining
Preferred
United
$3
Corp
common
preferred
Gas Improvement—
-
1%
*
—
%
43
Feb
8%
Jan
10
—
Feb
Coal
Westmoreland
1%
17
Feb
26%
Jan
5%
19%
Feb
22
Jan
25%
118%
Week's
Last
Feb
Feb
31% Mar
34%
25%
Jan
30% Mar
16
Jan
20
27%
Jan
30% Mar
38%
Jan
43
Feb
60'/a
Jan
March
31 both inclusive,
Jan
%
March 25 to
Jan
%
55% Mar
St. Louis Stock
Mar
%
Jan
i7(j Mar
1% Mar
Jan
1
33%
36%
Feb
Jan
Brown Shoe common™
2%
15
Jan
Feb
Mar
17
22%
Jan
27
,
42%
105
40
28
12.5
23% Feb
23%
Co
Monarch
common
7%
7%
70
37%
230
Low
5%
200
11%
25%
1st
1
11%
50
High
25% Mar
27% Mar
9% Mar
15% Mar
*
25%
*
—
8%
8%
102
*
14%
14%
90
—
25%
7%
Jan
Jan
13
Feb
6
11% Mar
Feb
13% Mar
567
Jan
16%
13%
13%
52
52
41%
Jan
52
16
16%
275
16
Jan
17%
13%
13%
145
13
Feb
14
Feb
40%
44
1,380
32
Jan
44
Mar
•
100
•
43%
126
Jan
preferred
Dry
Goods common
V
20
13%
124
Mar
150
11
Jan
9%
9%
5
_—10
15
18%
18%
50
17
9%
9
common
105
31
Jan
Feb
20
Jan
Feb
9%
33%
33
33%
-
Feb
10
Mar
20
Mar
1314 Mar
9% Mar
1
Inc common
Stix, Baer & Fuller common
Electric
3
13%
124
124
31
Louis Pub Serv A common
Scruggs-V-B
Wagner
37% Mar
Jan
5% Mar
10
52
Rice-Stix
St.
Low
Co——
Mar
13%
common
Candy common
National
95
9
20
*
common—*
Portland Cement common—25
Steel
Missouri
High
Mar
Jam
35%
5%
McQuay-Norris common
Midwest Piping & Supply
Range since January
Mar
5% Mar
24
6%
37%
*
*
common
JVfar
28
Feb,
23
105
24
7% Mar
43
Jan
5% Mar
500
5%
5%
*
*
Hussmann-Ligonier common
International Shoe common
Shares
Allegheny Ludlum Steel——
—
41
41
\
Jan
215
Feb'
for Week
of Prices
Par
Byers (A M) common
6%
7%
1
Bottling common
Coca-Cola
High
Low
High
^7
7
10
Century Electric Co
Range since January 1
Shares
27%
1
*
—1
American Inv common
Burkart Mfg common
1% Mar
Low
Par
Sales
for Week
Range
of Prices
Sale Price
STOCKS—
.
Exchange
compiled from official sales lists
Week's
Friday
Jan
2
1 % Mar
./ Sales
Range
Sale Price
693
Feb
116% Jari
Phone
CEntral 7600
Bell Teletype 8L
Associate Member Chicago
Inclusive, compiled from official sales lists
Friday
Blaw-Knox
2, Missouri
Chicago Board of Trade
Mercantile Exchange
New York Curb Exchange Associate
Jan
23%
Pittsburgh Stock Exchange
STOCKS—
25'/$ Mar
1871
St. Louis Stock Exchange
30% Mar
Laclede
March 31 both
'
Unlisted Securities
Chicago Stock Exch.
Knapp
25 to
'
New York Stock Exchange
Jan
Key
March
Jan
Members
Jan
26
7,802
110
85
26%
Feb
33%
Feb
22%
Established
6% Mar
4%
738
2»
17
—
10
20
Inc
31%
7'A Mar
5%
183
1%
17
distribution
Ex-stock
100
502
North 4th St., St. Louis
300
1% Mar
4% Jan
United
Westmoreland
31%
23%
Mar
1% Mar
Feb-
Mar'
1% Mar
44
503
/V 27
Mar
80c
-
r,
Edward D. Jones & Co.
59% Mar
400
A
%
1%
1%
1%
1%
33% 34%
%
—
9% Mar
27
r
235
1%
Feb
31%
.
23
St. Louis Listed and
14% Mar
Jan
51%
82
—
25
—25
*
Corp common
Invest
Transit
> 200
27
Feb
5% Mar
6%
'
Jan
7c
Jan
23
LJ'
Last
Tonopah
156
90c
Jan
3%
Jan
13% Mar
241
35Q
86
18
••
•
•—
Brake
8%
Jan
2c
3,730
1%
■
Mar
80c
10,000
5c
5%
27
iL-i
1% Mar
5% Mar
Feb
4%
.
Jan
Feb
39%
405
30
O OO
Jan
95
147
Jan
Mar
86
5
874
31% 32
28% 29%
18
19%
—
*
Jan
42%
3,132
3,409
1,492
103
„
50
—50
*
.
preferred
2nd
29%
20%
7'A
Jan
78%
300
4,883
28%
19%
24%
117%
5%
29%
19%
24%
25
3
pfd..
Phila Elec Pow
6%
5%
—
50
*
*
100
Pennsylvania RR
Philadelphia Electric Co common
6'A
5%
—
—
•
1
& Light
Power
National
9%
1% Mar
Feb
Jan
5%
241
Jan
1%
100
Mar
"26%
2,200
39
97
57%
"
0
-50
Coal & Navigation
Lehigh Valley Coal
:
Lehigh Valley RE
Lehigh
9%
1%
6%
—
I
21% Mar
37
25% Mar
125
9%
1%
6%
—
•
—10
6%
50c
1591$ Mar
Jan
18% Mar
113
1,359
42%
13%
(w d)
Storage Battery
Electric
890
7% Mar
8%
5
—
common—
Alloys Steel
Westinghouse Air
8% Mar
Jan
5c
?7/,' .33''
1
Engine & Fdy
United States Glass
Vanadium
Jan
34% Feb
/.
639
5%
6
42% 43
14% 14%
407/a 41%
56% 57%
—
*
preferred
Prior
Delaware Pr & Lt com
82% 84%
83%
*
common
156
157
—
-—-—5
Chrysler Corp
Curtis
—
157%
100
& Tel.,
Tel
American
Baldwin Locomotive
16%
Jan
United
Jan
5%
y
5%
<i
High
Low
v
High;;-
Low
1
Range since January
Springs
Steel
Standard
Range
for Week
of Prices Y Shares
;v>: *«*•*■
Sale Price
V'/
,
~5c
1
Feb
104
Jan
8
85c
85c
1
.1
Jan
4%
,
Z 17% Mar
101
2,140
/■:
53/0
■t
Jan
L L
,
Mining
Shamrock Oil & Gas common
Sales
Week's
Friday
1
'
v"
Renner Co
San Toy
1%
5%
5%
Pittsburgh Screw & Bolt Corp-
1
107% 108%
107%
—25
Pittsburgh Plate Glass
March 25 to
,.y
7'/4
1
1%
•
National
Jan
30
8%
8%
Feb
17
Jan
3%
16'/$
481
104
104
-
10
Fuel Supply
Mountain
■
10
16%
37
16%
16%
16%
425
4
3%
•
——
I100
Gas
Star
.
16%
—1
Refrac——
Walker
Harbison
Mar
12%
47%
Mar
187
4%
16%
V
*
12%
50
1
''
__10
—
Pitt Brewing—
High
8%
4%
L)
(D
Jan
1%
47%
12 »/2
5
100
Inc
Western Union Telegraph Co
Westinghouse Elec & Mfg Co
Willys-Overland Motors Inc—
Woolworth Company (P W)
Pictures,
Bros
Warner
/
mm¥
'
450
52%
52 %
52%
United States Steel Corp
85
a24% a25
a27% a29%
1V<
1%
a45% a45%
LOW
8%
''
'
5
Transport
Air Lines
High
1%
*
United
Range since January 1
Shares
'
High
LOW
High
Low
Par-
for Week
of Prices
Sale Price
STOCKS—
Sales
Range
Last
for Week
of Prices
Sale Price
STOCKS—
Week's
Friday
Sales
Week's
Last
9% Mar
Mar
35
CANADIAN LISTED MARKETS
;;vl /
Last
-
STOCKS—
-
Sale Price
-
Toronto Stock Exchange
Canadian
25 to
March
f
March 31 both inclusive, compiled
^
Range
of Prices
Last
,
*
Sale Price
STOCKS—
7'/o
Gas
Acme
&
2%
2%
300
28%
64%
31
67
4,420
,
15
Shoe
8%c
8%c
16 -16%
1.55 1.67
15c 15%c
3,500
90
98 %
93'A
135
60
60c
6.40
62c
6.50
Ajax Oil & Gas
Copper
Aldermac
Ltd
Aluminium
common
Co. of
Aluminum
5%
Canada
•
pfd._100
—
98 %
61c
6.40
Anglo Canadian Oil
Mines
Mines
Gold
U.
—
Gold
Armistice
Ltd
Mines
Gold
Aunor
:
Bankfield Cons Mines
Montreal
of
Bank
Scotia
Bank
of
Nova
Bank
of
Toronto
1
Base
Metals
1
20c
20c
21c
23,125
13cl3%c
153
153
238
238
234
235
5,500
23
4
52
1
100
100
100
class A
1
1.80
100
1
152
48c
9
"A"
—
of Canada
B'dgood Kirkland Gold
Biltmore Hats
Brewing
Ltd
Top
Boblo
Gold
Bralorne
American
Dominion
British
Broulan
For
—
*
Ltd
1
page
1383.
1.09
75c
8c
21
24%
1.05
70c
6'Ac
20
8%c
95
8,194
25c
12
11,700
560
1,200
23%
21%
25
1.13
75c
8c
860
35
60,968
28,800
7,200
.
21
22
69c
Mar
Jan
Jan
70c Mar
6 Ac Mar
Jan
Feb
23c
16c
'
157
Jan
Feb
Jan
Jan
245
Jan
236
Mar
3
Mar
44%
Feb
ll%c Mar
16% Mar
_
Low
High
3.55
3.70
3,900
6c
3,500
3.55
Caldwell
15%
Jan
3c
Jan
2nd
Linen
9
215
11
11
100
1.85
1.98
16,000
22c
1,750
6%
7
410
6%
Jan
106
107
-.45
104%
Feb
107
Jan
104%
105
50
104% Mar
106
Mar
0
19%
19%
20
19% Mar
22
Feb
*
46
46
90
43%
«
pfd
8
8
50
8
Mar
96
97
120
90
Jan
Mar
2 % Mar
2.45
29
___
-100
_
Foundry & Forgings class B_
Malting Co_
Canada
Northern
Canada
Packers
Power
Corp_
*
Ltd
Permanent Mortgage
Canada
Steamship Lines
•
-50
Bank
Canadian
Breweries
of
Jan
5
Mar
Feb
129% 133%
100
•
20
0000
40
40%
23%
23%
10
22%
13%
60
12
8%
60
38
60
0
0
■
0
A
Oils
Canadian
Pacific
Canadian
Wirebound
preferred
37%
17%
50
17
47%
136
Mar
Jan
24
Mar
Mar
14
Mar
24%
91$
35%
28
Jan
Jan
185
15
657
44
39%
Mar
6%
41
4,142
15
5%
27
1:
Feb
Mar
Feb
17% Mar
Jan
51
5%
Mar
8% Mar
45
17%
41
6%
•
Locomotive
Canadian
0
_
Feb
5% Mar
93% Mar
Jan
8% Mar
220
26%
v,
Jan
3,510
8%
Co
Alcohol
5
8%
44%
26%
•
129% Mar
.23
7%
44%
—13'A
8
*
common
& Dock
51
Mar
6% Mar
46% Mar
Jan
Jan
Jan
19
5
18%
Jan
21%
Jan
10%
11%
12,175
10%
Jan
12%
Feb
18%
18%
5
18%
Feb
19
Mar
Mar
117
Mar
60c
0
11
Ry_
80C
19
*
Mines
common
900
60c
60c
Mar
Jan
Mar
Boxes
117
Jan
Carnation
Jan
Castle-Trethewey Mines
Central
Patricia
20
Mar
Central
Porcupine Mines
10%c Jan
Mar
12'Ac Mar
Cockshutt
1.16 Mar
Jan
_
Mining & Smelting
Coin
Plow
Gold
Ltd
Commonwealth
Coniagas
Mines
Mar
1.15
Feb
1.62
Jan
1.92
Feb
lie
11c
8,600
8%C
Jan
13c
Jan
30c 32'Ac
9,200
17c
Jan
48c
Mar
1.35
12,350
1.26 Mar
1.65 Mar
Mines—
2
2.08
1.44
650
1.27
1.85
1.93
21,375
1.86
Jan
12%
370
11%
Jan
22c
26,400
15%c
Jan
19c
21c
600
20c
31c
31c
1,000
29c
1.20
1.25
300
21c
_
«
«...
1.72
Feb
12%
1.90
«
__
1.26
90c
1.40
*
22c
Petroleum
117
5,050
I
Lake
Commoil
25
3,500
1.78
•
Co
J
95c
1.70
30c
Willans
,
95c
1.78
1.34
24% Mar
8'Ac Feb
1
—1
Chromium
117
95c
_
Mines
Chesterville Larder Lake Gold Mines—1
22% Jan
Mar
_
Gold
Research Corp
Chemical
Cochenour
93c
35%
v~*
Mar
25
12% Mar
Jan
143
91
Products
Industrial
Canadian
Jan
31%
—25
Dredge
Canadian
97/$
430
,
50
common-
Mar
46
694
35
00
Food
153
153
11%
210
1st preferred-
Feb
Mar
10%
92
preferred
Feb
99
r-
34%
•
Celanese
Canadian
8%
Jan
152%
■5%
common
Car & Foundry
Canadian
46
Feb
34%
92
preferred
Canadian
7%
Jan
5%
Commerce
Canners
25c
Jan
«
j
_
Convertible
2.24 Mar/
1.85 Mar
21c
Feb
11% Mar
Jan
-100
common
Preferred
Canadian
9%
8% Mar
10%
Jan
10%
-100
common-
Preferred
Canadian Bakeries
4c
•
Canada
New
106
-100
Canada
9
27c
1.95
«
67c
157
*'
*
Cycle & Motor pfd
Canadian
Jan
8%
9
*
Canada Cement common
Canadian
Jan
Jan
80
Calmont Oils
Can.
17
2,000
3'Ac
•
Steel
Preferred
9%
17
•
Calgary & Edmonton Corp Ltd
Canada
High
4.35
Jan
5'Ac Mar
3'Ac
16%
_
Mines
.
Burlington
3.65
•
Canadian Malartic Gold
85c
8% Jan
17
Jan
7%cMar
20c Feb
11% Jan
21 Yb Feb
*
*
see
180
com—*
Corp
footnotes
9
•
L
Range Since January 1
22c
Extension
Preferred
21% Jan
151% Mar
37c Jan
9
9c
4.15
Mar
75
313
69,932
11%
23
Oil
1
Jan
23c
1.70 Mar
/
Jan
53c-
Jan
' 29
151% 152%
40c
48c
Ill's
23%
*
36c
79,040
328,500
14,708
1.72
29
20
Oil
70c
1% >
Mar
18c
'
13% Feb
1.88
•
8c
23c
•
Porcupine Mines,
Oil
62c
1
20
British Columbia Packers
Brown
7,800
75
Mar
6.75 Mar
39% Jan
10c Jan
24c
Ltd
Brazilian Traction Light & Pwr
British
50
*
-
Mines
Mines,
40
Jan
81c
2% Jan
1
.1
B
Mines
Bonetal
50
Jan
69c
Jan
237% Mai232
Jan
2%
Jan
99%
150
llcll%c
15% 15%
68c
1%
*
Beatty Bros class
Ai'AC Jan
13c Feb
40
11 %c
15%
18c
99
Jan
Jan
2%
—
Rights
Blue
'
„
1
Beattie Gold Mines Ltd
Bell Telephone
—
153
1.79 Mar
■
Jan-
55c Jan
v 12c ' Feb /
-' 37c'Mar
4%c Jan
8%c Jan
' V 3.20, Jan
2,640
Jan
16% Mar
58%c Feb
6.10 Jan
500
266,270
3.50
*
*
Mining
Exploration & Radium
Bear
5c
5c
18c22%c
3.25
—
Jan
Jan
10c
88
96
4,500
3.50
—50
-
Bathurst Power & Paper
43c
21%c
*
Barkers Bread common—
Preferred
f
Jan
75
15c
18,900
, 4,600
1
-
Mines
Bagamac
-
—
81c
13c
1
1
Mining Corp—
Quebec Mines
Ashley Gold
Astoria
'
12% Jan
1.10 Jan
11,675
i;071
37c
—
—
99
3%
36%
58
Jan
7%c Jan
10
7.900
4,500
68c
12c-
81c
1
1
Gold
Aquarius
Arjon
•
Ltd
Anglo-Huronian
8c
*
„
1 — 1.65
*
15%c
common-
-
■
...
LOW
•
Mines
Gold
-Shares
High
27% Jan
*
—
January 1
2% Jan
30
67
Oil Co
Agnew-Surpass
Low
—
*
common
100
preferred'
preferred
6%
Range since
——100
Power
Power &
Abitibi
for Week
Shares
High
Mines
Gold
Products Ltd-
Bunker Hill
Low
Par
Canadian
Building
Sales
Week's
Friday
-
from official sales lists
Ankerlte
Buffalo
of Prices
5'Ac
Par
Buffalo
Funds
r"
for Week
Range
-
>-
Sales
Week's
Friday
■
12%
Feb
Jan
Feb
28c
Feb
Feb
22c
Mar
Feb
33c
Mar
1.20 Mar
**
1.42
Jan
Volume
Number 4269
159
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
Week's
Friday
Last
STOCKS—
Mines
Consolidated
Low
•
Bakeries
Mining
10
Smelting
&
15
160
3%
5
Consumers Gas (Toronto)
41
"
3%
10
250
-
3%
41%
133
45
128
McKenzie
15%
Fen
McLellan
3%
Jan
36
130
30
Mar
462
38%
Feb
McMarmac
Jan
42% Mar
134%
Jan
36 % Mar
*
v
Preferred
5%
50
5'A
46
376
5
46
16
42
12c 12 %c
4,000
12c
__
*
Feb
5%
Jan
Nicael
Denison
*
Mines
Nickel
Lake
Gold
McVittie
12'Ac
_l
Mines
85c
1
Lake
Graham
Jan
Distillers Corp—Seagrams common-:
Dome Mines
•
Moneta
Jan
Montreal
2,000
75c
Jan
1.00
1,000
2%c
Jan
4c
39%
42
2,810
33% Mar
42
25'A
27
85c
2 %c
27%
1,370
25% Mar
29%
Feb
Jan
Gold
Moore
Corp
Cafeteria
Bank
Fire
Dominion
Foundries
Dominion
100
Insurance
Scottish
Steel
&
163
■r
1
,
Steel
Stores
B
class
Dominion
Tar
Woollens
Duquesne
Mining
&
2o
Chemical
pfd
5
135
608
22
75c
_100
7%
Feb
Jan
9V2
Jan
11
Feb
5
Jan
106
Feb
Crest
290
1
22c
20c
22c
7.600
Co
Eastern
OH
11
Mar
8%
Nipissing Mines
Malartic
Easy Washing Machine
Economc
9c
9c
10c
11,500
9c
1.72
1.66
1.72
11,270
1.66
Investment
*
.
Trust______
8%
8%
220
25
8%
33%
English Elec Co of Canada cl_A_,—*
33%
21
20
200
Fanny
Nickel
Fanner
Federal Grain
Mines
Candy
*
Shops
*
Preferred
Federal
Fleet
Ford
Co
Mining
Canada
12%c
2.00
Jan
of
Canada
Gold
class
A
29
Jan
34
Feb
19%
Jan
22
'Feb
Mines
O'Brien
Power
Giant
4
3.20 Mar
27
100
3.90
Jan
28'A
3%
5%
Feb
Corp
75
Feb
88
4%c
Jan
7%C Mar
3%
50
3 %
Jan
4
Feb
Pamour
23%
24 J/4
920
23%
Jan
25
Jan
Pandora
40c
46c
29,300
33c
Jail
48c
Wares
Jan
Mar
Pacific
Page
12%
...1
Oil
Feb
9 % Mar
2.45
30
84
Jan
90
Jan
Peoples
35
93
Feb
95
Feb
Perron
12%
13
620
11%
Feb
13
Mar
1.99
1.45
17,900
9c
10c
18,000
4c
4c
2,500
1.99 Mar
5c
Feb
13%
Mines
Goldale Mine
Ltd
•
18 %c
16 %c
19c
17,400
1
!
—
18c
16 %c
18c
6,500
15c
Jan
5 %c
5%c
5,750
2%c
Jan
70,100
7%c Mar
1
Gate
Mining
Mining
Co......
2c
2%c
5,000
l%c
86
87
70
84 '/a
52%
20
Paper
52% Mar
vtc___.
___*
4%
4%
250
i
com
____*
21%
22%
330
Preferred vtc
Common
*
Preferred
Gold
Gypsum
Mines
Mines
Lime
Ltd..
1
Alabastine
&
Swayze
Halliwell
Gold
Hamilton
Bridge
•
Mines
Hamilton
21%
3%c
3%c
200
6%
&
United
5c
Harding
6%
72c
7,555
68c
Mar
87c
Jan
50c
2,400
46c
Mar
69c
Feb
300
2.00 Mar
2.00 Mar
1.80
1.90
300
1.20
2.00 Mar
1.74
*
_
4% Mar
Mar
5%
Jan
Jan
4c
Mar
17c
Jan
20c
4
Jan
Jan
7%
Jan
5%c Mar
9%c Mar
4%c
25,400
2%c
Jan
75
5%
Feb
6
Mar
16
15
5
3%
198
110
110
5
Mines
5
5%
91c
1.00
20,505
6%c
5 %c
15
2%
Ltd
Gold
Mines
Highwood-Sarcee Oils
Dauch
Gold
Mines
Gold
of
Reno
Gold
Riverside
4%
91c
of
*
of
Canada
International
*
Metals
Jan
St
Lawrence
.110
Mar
San
Corp
Preferred
Jan
;f:
5%
Feb
1.29
Mar
Jan
—
International Milling
4%
Nickei
Creek Gold Mines
Sheep
Sherritt-Gordon
Mar
International
Jack
Waite
Jason
2,000
ll%c
Feb
13c
16%
25
15%
Jan
16% Mar
11
Mar
3.30
12%
Mines
Slater
1N1
South
End
4c
4c
4c
2,000
26 %c
28c
2,300
26%c Mar
33c
Jan
27
28%
1,870
26% Mar
30%
Jan
5
72
Jan
79% Mar
169% Mar
78
78
3'Ac
Jan
167
20
161
-4
Jan
13%
2,609
13
Mar
11%
M.
7%
class
A___
Co
Southwest
Lake
Shore
Laura
Lebel
Secord
Gold
Class
Madsen
Manitoba
Lake
Gold
&
Eastern
of
45
108
Mar
Tamblyn
:
20 %
iii!
i!!ir
Leaf
22%
8c
7%c
8 %C
33c
30c
33c
5c
4%c
5c
Jan'
12% Mar
7%
Steep Rock
Jan
61c
Feb
Sturgeon
20% M«r
Sud
River
Contact
Jan
Jan,
Ltd
8%c Mar
Toronto Elevators common
l!g 17,100
'W 1,500
23c
Jan
40c
Toronto
Preferred
Jan
9,432
500
1.20
99c
1.20
28,310
15%
15%
16
360
6.25
281
Feb
72
12c
72
10
8c
12c
80.65G
4c
General
14
14
3%c
3%e
2,000
1.12
1.05
1.14
18,050
98c
92c
1.00
14,550
125
137
110
50c
Jan
Twin
1.17
Jan
12c
80c
Jan
1.20 Mar
14%
Jan
105
62c
12,500
58c
23
23
24%
24%
24%
200
-A
Jan
42c
Feb
66c
58c
Mar
17%
Rapid
City
Union
11%
79c
Jan
Jan
23
Mar
3%c
Jan
5
Mar
8%
1,555
64%
140
71
2.10
2.13
2.16
17c 17 %c
—
2%
25
8
63%
70%
10%
Jan
65
Feb
35
66%
Jan
72
Mar
13,350
2.04
Jan
2.29
V
17c
3,500
Jan
6.45
Jan
72
Mar
Jan
12c
Mar
Jan
United
Class
United
Fuel
B
class
Jan
7c
Jan
1.60
Jan
1.80
Feb
i
2.15
2.10
2.20
3,700
2.00
Jan
2.47
Jan
Feb
L.
25
16
Jan
3.40
7,695
3.25
Jan
3.85
Jan
225
8%
Jan
11
Jan
3.25
10
__
110
110
10%:
98
15
12
110
800
28
98
__
4%c Jan
15%
3.40
90c
Mar-
110%
Jan
1.15
Jan
90c
Mar
20
28
Mar
30
Jan
55
'
v
88
85
Jan
98
Mar
88
Mar
10
88
15c 16 %c
1
—43c
common—*
40c
80
Jan
3,500
15c
Mar
19'Ac
Jan
44c
10,048
40n
Mar
52c
Jan
8
80
7%
.
614
8
8
7
7% Mar
8% Mar
7
6%
Jan
13%
Jan
14%
2c
Jan
6%c Jan
1.05 Mar
1.27 Jan
8% Mar
-50
—25
'—
Oils
25
25
10
25
Mar
13%
13%
50
12
Jan
16
Feb
36
36
36
\210
32%
Jan
38
Mar
*
"A"
Ltd
*
—
5%
5%
5%c
5%c
5%
30
5%c
.
2,000
Feb
5%
5%c Mar
7'%c
5
*
4%
4
4%
475
3%
Feb
1
2.31
2.15
2.35
18,325
1.96
Jan
•
6.45
6.45
6.55
2,721
1
11c
10c 11 %c
.
27%
Jan
'
United Steel
Feb
Jan
4% Mar
2.48
Jan
Feb
90c
Jan
1.24
150
21%
Feb
Ventures, Ltd.
Vfumilata
Oils
6.00
Jan
7.00
J«n
68,000
10c
Mar
19c
Jan
18c
20c
1,000
18c
Mar
24c
Mar
4.75
4.60
4.75
2,186
61%
56%
62
24% Mar
Jan
Vulcan
Oil
-——
Jan
23% Mar
3.40
Jan
3.95
Feb
2.26
2.18
2.26
9,400
2.18
Feb
2.55
Jan
Wendigo Gold Mines
1.80
1.70
1.80
20,950
1.60
Jan
2.04
Feb
Western Canada
3.40
3.50
14,050
3.35
Jan
3.75
Jan
12,000
3c
Jan
1%c
1%C
11%
11%
15
8
8%
85
6
6%
14
14%
.1'.
l%c I)ilar
10
Jan
15
Waite-Amulet
Mines,
&
Jan
10
Feb
725
6
Feb
7
Jan
325
13
Feb
15
Preferred
Ltd
——•
Worts com
•
—
4.50
Jan
890
57%
Feb
20%
715
20'A Mar
24c 25 %c
10,650
'
*
—-r
5%
5%
5%
300
69%
83
90
475
13
13
50
16%
16%
16%
140
1
Steel Prod
20%
24%c
*
*
_—
Flour Mills com
—1
100
—
Preferred
Western
—1
12 %c
6%
11 %c 13 %c
36,200
*
20%
24c
Mar
4.85
Jan
63
Mar
21% Mar
26c
Jan
Feb
6'A Mar
Jan
9 4'A Mar
11%
Feb
13
15
Jan
16%
Jan
17c
4%
75
Jan
Feb
7%
5%c
2.000
8%
442
5c
Jan
7% Mar
20%
21
910
19%
Jan
7%
7%
75
7%
Feb
105
106
10
5%c
7c
19,000
55 %
56
415
7c
20c
Mar
14,350
13%.
22%
55%
Jan
20,600
A
139
20%
8'A Mar
Jan
61 '
7c
B
4,040
8%
12% Mar
Jan
5'A
Jan
28c
1.73
*
class
Corp
3.75
5%c
Jan
5c
Co
Gas
Class
24%
8%
Jan
Mar
1.65
Co——
Transit
3.50
1%C
110
20%
4,000
11%
__
50. /
Exploration
23%
*
Jan
9'A
105%
30
3%c
Feb
11% Mar
8% Mar
7,250
3%c
79c
Feb
8.75
Jan
Jan
1.08
Feb
Mar
Jan
100
-COT
110
44c 47 %c
'7c
50c
.
7c
Westons
Ltd
common
Jan
*
100
Winnipeg Electric common
10''
5%c
M*r
Jan
55-% Mar
;
65
190
10
2.97
3.05
5.365
*
3%C
4c
2,500
Knitting Mills common—*—*
7
7
15
31%
$800
9%
Jan
Wrlght-Hargreaves Mines
*
10fi
7c
61
266
95
Wood
8%
6%
65
_——
Jan
21
6%
95
Preferred
8c
Vmir Yankee Girl Gold
-fn-
Mar
14,811
8%
28
Mortgage Co
24
*
65c
68c
100
Toronto
3.75
;__5
Jan
Feb
Jan
Mar
98c
90c
Transcontinental Resources
Jan
___•
.
5c
34c
200
Upper Canada Mines Ltd
5%c
10
9,000
15,900
Jan
Feb
3.95
Jan
40c
9.25
;_1
Trusts
Feb
°0c
6c
3.50
1.02
—.—___.J1
______
Jan
10%c
60
Mines—
10
Mar
5.95
66c
3%
15
7%c Jan
Jan
31c
Jan
2% Mar
13% Mar
6%c
8%
—100
Gold
Toburn
9.05
Feb
5c
34c
15%
23%
l%c
21'A
Jan
3c
'60
-V*r
Jan
20
'
1.00
10%
Feb
4,700
-
65c
1
Jan
8,869
.3.
9.25
common
5c
'
'.
5%c
common—
Tailors
Top
22%
4%e Mar
165
1.73
Teck-Hughes Gold Mines
Tip
12c
*
McDougall Segur Exploration Co
Mclntyre Porcupine Mines
Jan
1
Ltd——.
Jan
1.00
6.25
Mines.
Wiltsey-Coghlan Mines
Preferred
Feb
11c
142% Mar
Jan
-1
—
Jan
12c
~20
Mar
Mar
46 %
Feb
8c
2,000
40c
—*
_____
26,500
f)a:
21
3%c
6%c
8%
Mines
31
92c
•
common
6c
44% Mar
134%
3,685
Mines..—__—1
Gold
Mines—
Cons
23
1.00
~
Frontenac
19
3.75
•
110
1,200
~_*
Preferred
3,500
3.60
*>
Mines
20% Mar
31c
1
Iron
3.45
common
20
8c
139
3.70
23
common.—
28% Mar
31c
Preferred
Massey-narris
44%
100
60c
Co
1,771
31c
Maralgo Mines Ltd
31% Mar
2%
25
1
common
25
Feb
20%:..
*
Preferred
Towagmac
10
Milling
Feb
28
3%c
_1
2,220
23 '• 140
0i%.," v..
22%
•
_.
23
200
13%
_____——
Canada
__1
Mines
Jan
95
30
7c
———20
Walker-Gooderham
common..:
4'Ac
24%
137
139
__
Radio
Co
Sylvanite Gold
•
Mines
5c
46c
Mines
i
Preferred
McColI
Standard
Steel
Feb
29%
Fields.,.
Maple Leaf Gardens
Maple
Jan
103
20 'A
1
Gold
Jan
24%
24%
1
—
♦
Red
Malartic
14%
Jan
1
Ltd
./
MacLeod-Cocksr.utt Gold Mines
Jan
35
3% Mar
99
28%
3
Mines,
64c
Jan
1.20 Mar
50
102 *
109% 109%
*
B
Macassa
10.000
Jan
30
Jan
Sullivan
1
•
6c
25c
Jan
United
Little Long Lac Gold Mines Ltd
Loblaw Groceterias class A
ll7/sc
6
Jan
Mar
Feb
l
Ltd
16,420
33
Jan
1.25
,
65c
,103
_l
Candy.——,
25c
33
9.50
Jan
23c
Jan
i
Mines.
21 %c
8.55 Mar
500
Jan
3c
Oro Mines
Leitch
75c
2,530
Feb
20 %
Banking & Loan Co__._-_._100
Cadillac Gold Mines
1
21,958
.38,160
99
101
Landed
Lapa
810
1.05
23c
15
9.35
Mines
9.00
93c
4%
54 %c
9.10
Lamaque Gold
8.75
1.00
1.15
20
2%c
;
9.00
23c
275
3c
Ltd
2.80 Mar
3%
2,500 ±
9.35
Mines.
8% Mar
Jan
1.05
57c
1
Dufault Mines Ltd
Jan
4
19%
_1
—____________
Jan
6%
2.32
1.11
55c
Mines
Townsite
1.09
Mar
535
6,600
_•
102% 102%
Mines
Kirkland
89c
8%
2.60
_*
Jan
i
___,
Jan
7%
100
Petroleum
6%
Gold
.
7%
2.50
1
Paving common
495
j
Lake
8,000
Feb
Feb
Mar
6
Feb
1.73
1.64
-b
Springer Sturgeon ——;
7%
1
Kirkland-Hudson
95c
2.47
Feb
Standard
10%
Gold
Kirkland
100
Jan
4%c Feb
19
55c
102%
■
/
Jan
2.26
2.10 Mar
1.24
Jan
1.15
Jan
5,500
13%
1
Petroleum
145
28%
*
Mines
Kerr-rtdd'son
Lake
7%
'
11%
•
'
Consol
11%
•
Co
1.84
5,600
*
Mines--
Malartic
Jan
Mines
Gold
__—
preferred
Gold
Siscoe
3.70 Mar
Jan
28c
28%
*
Mines
Jellicoe
.J
Utilities
Mining
6%
50c
Simpsons preferred
12c
16%
13
common
1.42
1
Mining
Gold
Silverwoods
166
Pptrnleum..
1.30
1
River
Sand
Sigma
preferred.100
International
4%
Mar
Jan
13%
_g_Ty_.___.___.__.50
Gold Mines Ltd
Feb
100
International
4% Mar
90c
1.26
1
__
Antonio
Feb
166
A
1.55
*
common
_
Mar
100
410
2.15
1.42
20%
A.
13%
A
Mar
50
200
•
2.15
1
Mar
*
common
52
10
3,025
1
Anthony Gold Mines
4
..100
Preferred
Mar
52
30
1
Royalite Oil Co
9c
Inspiration Min & Devel—1
Jan
2.10
common
;
61c
100
...
43c
2.05
100
Preferred
Bank
Oil
Jan
8
100
Sladen
Imperial
28c
2.58
1
.
Canada
75c
5,830
Imperial
10,982
6%
.1
Long Lac
Jan
Imperial Tobacco of Canada ordinary_5
Inglis (Johnl Co...
6
Jan
2,700
Preferred
Roche
Jan
2,530
common
7'Ac
4%
1
Jan
3.50
Mortgage
Feb
Jan
90c
89c
Jan
3'Ac
83c
93c
Mar
1.45
13,700
1.42
Mines
Co
4 %c
11%
Huron & Erie
33o 35 %c
common—
Mills
Li
38c
1
5c
1.06 Mar
99
1.15 Mar
44%
iP
41c
•
Feb
Mar
10c
1.50
1
Mines
Silk
Robertson
1,700
1
9
Jan
2.09
Coj)f Canada
4,338
11
Gas.
4%c
52
Co__.
Estate Loan
13,000
3.40
&
4 %
4%c Mar
7c
4%
,
60c
Mines
500
Amer___—
58c
3.40
Oil
7 %C
135
11,075-
89c
Dome
6 %c
11%
Bay Mining & Smelting
Feb
14,400
97
1.30
*
Mining Co
56c
•
Gold
Jan
90c
95
________
Mines
55c
5
Howey
68c
95
80c
1.17
35 %c
Securities
60c
Home' Oil—
Hudson
Jan
4%c-
Mines
58c
Hollinger Consolidated Gold Mines
Homestead
Jan
3c
7c
Real
Jan
ll5Ac
.
Jan
6%
Mines
Queenston Gold Mines.
St
»
Co
3%
30
12,500
2.15
Mar
*
.
Paper
540
9
common
Credit
Gold
1
Mascot
Feb
Jan
Jan
3%c
97
Gold
1
Hasaga Mines
1.75
70c
53c
9
84c
Powell
Jan
100
500
98c
1
Jan
Mar
50c
5%c Mar
5%
3
1
4
1.37
25%cMar
3%c
1.28
Ltd—_
Senator Rouyn, Ltd
Gold
&
12,000
4c
5%
15
Mines.
46,500
.
"9
—
Mines
Malartic
Pickle-Crow
Jan
24
4 %c
•
Gold
Jan
Jan
24
Jan
1
Carpet
68c
Feb
'2.00
Proprietary Mines
Jan
7c
100
Rock
Jan
can
19%
__*
.
common
14c
46c
Tubes—
East
5%
Theatres
Jan
52
2.00
Refining
Metals
56%
Jan
6%
4%c
3 %c
Preston
2%c
235
30,700
Jan
50c
r
Pressed
4,700
:
7
Jan
14c
4,400
Jan
135
17 %c 18 %c
C
12,500
Gold
5,000
-
11 %c
57c
Premier
5%c
1
Preferred
Ilinde
6%
common
Cotton
Hedley
17 %c
1
Mines...
Hamilton
Harker
3%c
4%
21
1
Jan
1.89
2.00
___,
Royal Bank
Halcrow
Hard
4%
■»
Wihksne Gold
Jan
4'Ac
30c
common
Jan
90
4% Mar
_20%
Feb
48%
1,900
28c
Quemont Mining
Great Lakes
2.80
6,400
3,345
50c
Jan
18%c
Fen
52%
Jan
2.25
1.44
Jan
22 %c
Jan
*
com
Prelerred
Gunnar
16 %c Mar
50
Goodyear Tire & Rubber Co
Grull
iov2c
86 %c
7%c
50c
Mar
15c
1
Golden
Jan
51%
30c
Rouyn Gold
Voting trust
Power Corp of Canada
Feb
7c
7 %c 10 %c
Gold Eagle Mines
Goodfish
Jan
10 %c
68 %c
—
God's Lake
Feb
15'A
L*
12 %o iviu-i'
5c
Jan
Jan
7c
2.07
50%
51%
•
Ltd
Mar
9c
2.45 Mar
Jan
3%c
59%c
1.70
Cadillac
Penmans
87
94
1
Mines
8%
30,800
I
Mines
Porcupine
Partanen
87
1.1
Lake-Porcupine Gold
Gold
75
13%
Mines
Hersey
93
*
Yellowknife Gold Mines..:
9%
195
Mar
8c
Jan
80
87
15
Mines.
Pacalta Oils
12,300
100
1,500
65c 77 %c
76c
135
8c
14%
5
Preferred
Jan
Feb
32
77
9%
100
preferred
General Steel
Gillies
Feb
_
Crush
6%c
*
common
preferred
Glenora
27%
20
8c
8c
Oils
6c
46c
27%
Oil
Omega Gold
3%
•
27%
_l
Gold
Okalta
77
24
20
25c
Paymaster Cons Mines Ltd
Gatineau
5% %
775
265
4
*
2.00 Mar
12
Jan
Mar
9
North Star
6c
4
_
3.20
31%'
31
53'A Mar
Feb
Feb
____—
Mining
77
1
Aircrait
5 7o
31
100
Kirkland
Francoeur
3.20
1
common.
class A
Feb
Jan
46%
83%
Jan
Empire
Orange
Falconbridge
Feb
22%
9%
1
Normetal
8 Va Mar
10
47c
Jan
1,65
•
Northern
Jan
Mar
549
A.
Feb
17
Feb
i
Mines
250
Jan
30c
19
1,250
Corp—.:.
_
26 %c lviitr
Jan
Jan
9c
•
74%
2,855
53%
Mar
2.00
Norgold Mines
75c
North
East
35
Jan
Mar
53c
19%c Jan
12,000
21%
Mar
8
11%
Nurdon Oil
104
76%
Jan
1.90
Noranda Mines
330
17
103,800
52%
52%
»
100
105
24c
36C 38%C
1
23% Mar
335
105
16c
Mar
6
11%
Negus Mines
Ltd
—
7%
16%
•
Jan
15c
550
1.80
National Steel Car—:
Co
Petroleum
75c
17
7c
7,000
11%
Mar
Grocers
10%
20
preferred
5,900
8
*
National
Jan
47c Mar
15c
76%
*
50c
Jan
Mar
coijimon—_*
common
Mar
Jan
Jan
5%c
Jan
40c
20c
19%
•
,
National
7%
7%
76%
♦
135
Mar
23
3%c
41c 46%c
1
163
'Jan
135
_100
Jan
10%
■
•
Dominion
155
22
22%
.
Dominion
Dominion
2
135
•
common
Invest
com
163
20,782
1.56
Mar
"
100
42c
High
1.35 Mar
lie
43c
Power
common—
9,000
7%
»
_
&
7,050
18c
preferred—
Heat
Low
1.42
4%c
40C
42c
...1
Gas—,
P relet red
Dominion
Dominion
___1
Range since January 1
High
1.39
»
&
Shares
4%c
Mines—
Light
Muirheads
1.42
1
...
Mines
Gold
Knitting
Porcupine
Mar
85c
41'A
*
Monarch
46
Mar
2%c
__
for Week
of Prices
Low
1
Mines—
Red
McWatters
Mines
Mercury Mills
18c
'
Petroleum
Delnite
Red
Mid-Continental Oil
Dairy Corp common
Davies
Par
Jan
Feb
30
30
Sales
Range
Sale Price
High
Jan
130
100
STOCKS—
1.70
1.45 Mar
41
100
Crow's Nest Pass Coal Co
Low
1,500
15
Week's
Last
Range Since January 1
High
1.50
♦
Fire & Casualty
Consolidated
Friday
Shares
1.45
__
Consolidated
Sales
of Prices
Par
Coniaurum
MARKETS
for Week
Range
Sale Price
LISTED
1381
Alexander
&
James
pfd
100
3.05
4c
6'A Mar
7%
Feb
Jan
Jan
60%
J«n
69
Feb
90
Feb
95
Mar
Jan
3.50
Jan
S^c'M'r
4'^c
Jan
2.95
Jan
Feb
York
Mines
6%
Jan
7% Mar
m-r
Feb
Jan
Rnnds—
uchi
es
—
-—
31%,
31% Mar
33
Feb
THE
1382
Monday, April 3, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
Exchange-Curb Section
*
Sons A
&
Beath
1
*
Marconi Co
Consolidated
Corp—_—
Paper
Dominion Oil Co
Crown
6%
Scrip
100
20
14
Jan
16
15
20
Mar
21
5
Mar
47
Mar
12
Mar
Mines & Metals
Investment
Oreille
Pend
Southmount
Thayers Ltd
1st
Mar
lbo
1.35
800
25c
25c
300
25c
Mar
25C
25c
290
25c
Mar
Mar
.
27
4
27
9c
20
11
Twin
*
*
Preferred
Ltd
common
.—
Feb
25c
Mar
25c
Mar
—
Commerce
27
Mar
Montreal
Jan
400
13% Mar
15%
Jan
46%
Jan
53
Jan
15
Jan
16
Jan
35
15
Feb
25
11
Jan
125
10
30
■■■
11
Feb
63
Feb
65
Jan
69
Jan
71% Mar
10%
10
8% Mar
Jan
52
Feb
18%
Feb
50
Feb
12
Jan
7%
40
Jan
50
%
Mar
6
Mar
7% Mar
240
65
21%
17
1.510
6%
65
s
Jan
45
331
21%
—
15%, Jan
11% Feb
.
101
50
17
6
6
100
'—•
Winnipeg Electric common
Zellers
—
Feb
Mar
3%
8%
50
17
—
103
Feb
1,290
12
8%
Feb
8%
7% Mar
100
2% Mar
15
__
*
*
—i
Ltd.
Jan
62
Jan
68% Mar
Feb
21% Mar
265
18%
'
yy //. /i//—
131
153
152
__
238
Banks—
9%C
3,700
lie
Feb
Nova
3
*
*
*
—"
Cotton
Wabasso
Wilsils
3
25
3
Mar
3
Mar
27
25
27
Mar
29
3%
/
133
153
239
,
81
131
Mar
135%
Feb
37
150
Jan
155
Jan
15
238
Feb
240
Jan
65
135
Jan
142
Mar
Mar
300
100
_100
100
Royal
27
9c
*
25
common
Transit common
City Rapid
1.72
Feb
1.35
25
--
Canada
Tooke Brothers
Mar
49c
Jan
23,400
25C
1
Brewery
Mar
12
22c
common
Walkerville
45
5
17c
1
preferred
5
12
3%
1.35
-•
ordinary
Supertest Petroleum
Temiskaming Mining(
45
12
& Shop
Stop
4
45
22c
10%
64
71
of
Power
Canada
Co.
14
v
400
15%
11%- 11%
10% 10%
64
65
70% 71%
Preferred
Jan
Feb
20
500
v?/--
Southern
Feb
1.45
1.17 Mar
4
v
15%
*
& Sons common...—
H
Mar
15
■
15
12% Feb '
;
20
15'/2
15
Steel
Mar
15
1
Osisko Lake Mines
5
29
1.17
24%
20
-
—
Feb
Jan
3
1.17
100
preferred
Silknit
Ontario
Jan
5
50
Sherwin
Mar
115
Selections
Oil
6%
—
35
25
2%
14
50
2%
13%
Water & Power
*
Williams of Can common—4'
Simon
2.50 Mar
41c
Jan
5
—•-—100
——100
Ltd preferred
Jan
1.40 Mar
2%
14
50
100
preferred
Paper
—
•
common
preferred
A
Lawrence
—
Shawinigan
2% Mar
to CO VU Oh
....
Shoe
Humberstone
Langley's
Jan
5
"
& Gas
Oil
Foothills
Jan
27%
DeHavilland
Dominlon
10
31 %c
2,650
36c
35c
35c
*
Aircraft-.---'
Bridge Co
10
■
Jan
5%
6,340
2%
2%
Mar
1.85
900
-
6%
6
2%
-
Oil
Dalhousie
2%
2%
8
9
60
9 % ~
9
*
Canada Vinegars common
Canadian
■
Class
St.
Jan
Corp
Lawrence
61
High
5%
1,275
8
7%
8
Low
High
Low
Par
1
Range since January
Shares
of Prices
Sale Price
STOCKS-
for Week
/
Range
Last
_——*
100
Knitting common
Saguenay Power preferred
Regent
-.Vr-
High
Low
a
12% 12%
7%
7%
100% ,100%
12%
*
Quebec Power
Sales
Week's
Friday
official sales lists
from
31 both inclusive, compiled
25 to March
March
High
Low
Par
Funds
Canadian
Range since January 1
Shares
of Prices
Sale Price
STOCKS—
for Week
Range
Last
Toronto Stock
Sales
Week's
Friday
3%
Jan
8c
1.85
Scotia
—
139%
100
140
139
3% Mar
Jan
Montreal Curb Market
Canadian
Montreal Stock Exchange
Last
Last
;
Low
Par
*
common——
•
Ltd common—
Aluminium
Associated. Breweries
9
Telephone
•
British
American
Co
Ltd
British
Columbia Packers
Ltd
Jan
100
Jan
Jan
10
48% Mar
30
47
Jan
21
Mar
105
23
15%
16% Mar
15%
106
6%
Northern Power.
Canada Steamship common
5 % preferred
Canada
655 py-
8%
8
8%
10%
10%
11%
34
34%'
Dominion
&
Canada
•
Breweries common
yv.'i
—
Preferred
New
Northern
9
Investment com..
*
Locomotive
Canadian Pacific Railway
Canadian
■125
Canadian Power
Feb
12%
35
7
Feb
780
21
Feb
2 2 5/8
24
25
116
23
Jan
25
Mar
Jan
107
Feb
Plow
7%
"B"
/
11 VB
10%
Feb
Consolidated
28
Feb
29
v
'
'
45%
6% Mar
46% Mar
Jan
10%
Mar
6%
.
Feb
12%
Jan
11
17%
Fleet
Jan
Feb
Mar
33
Feb
41% Mai-
23%
Jan
13
215
200
14
Jan
25
40c
Mar
75c
Mar
—*
6
5%
6
40
5
Mar
7
Jan
.—100
57
55
57
130
40
Jan
*
—_4
2%
Ltd
common
7%
Paper
rm*.
Jan
Canada
':
■,y. 12%
aoo
Preferred
'
Zim'
(Charles)
•
Lime & Alabastine
Bridge —.......
.
-Is
.
International Nickel of Canada
'
■
Power
com
Lindsay
(C
Co Ltd
*
pfd
_
.
.
100
m
__
__
(Robert)
•
Light Heat & Power Cons
Tramways
Breweries
...
•
Car
9
Corp
15%
5%
93
Jan
16%
10
Jan
5%
Jan
6%
Jan
18%
18%
18%
120
16
31%
310
28%
Jan
32
16
15
11%
Jan
Jan
Feb
17
8%
Mar
Feb
9
3 %
Feb
4
Jan
2%
10O
3%
3%
3%
400
3%
Jan
23%
23%
24%
506
23%
Feb
21*
2%
40c
40c
21%
24%
Jan
Mar
25c
45c
Jan
23 % Mar
30c
1,549
Feb
20
5
20
%' Mur
7% ■Jan-"'
2 ¥2 Mar
1,095
40c
22%
23
25c
1,000
Mar
&
*
Co
pfd
_4
100
cum
pfd. 100
common.4
Paper
Ltd
Co
5%
6%
Oil
Limited
18
Jan
515
19%
Jan
21
Jan
105
105
5
103%
Jan
106
Mar
1%
2%
47
8%
8%
250
25c
25c
1
52%
52%
25
4%
4%
300
7%
7%
24
Jan
93
Jan
96
Mar
Jan
14
Jan
24%
24%
65
22
Jan
24%
Feb
28%
29%
1,085
28%
Feb
31
Jan
'
—
'
fc."
''
Feb
7%
21
Mar
565
15
76
Jan
980
20% Mar
18% Mar
Feb
120
22%
Jan
27%
Feb
20
Jan
106
Mar
113
Mar
150
10
Mar
10
Mar
23
Jan
26
61% Mar
68
305
108
10
82% Mar
}
50
25
.
."
•;
25%
505
61%
61%
8
Feb
Jan
8%
8%
8%
935
8
Feb
9%
Jan
7%
7%
8
410
7% Mar
8%
Jan
16
Jan
19
Feb
19%
Jan
22
Jan
24
Jan
18%
19%
;
'
35
18%
160
19%
21%
23,810
22
22
40
21
Feb
34%
35
410
33
Jan
42
42%
35
Jan
43
14%
14%
1,142
13%
Jan
15%
21%
22
335
15%
Jan
22
41
51%
Feb
26% Mar
4%
Feb
5% Mar
9
8%
9
335
7
Jan
9
95
15
95
Mar
98
5
50
Jan
52
Jan
12
250
11%
Jan
12
Mar
48%
50
12
6
6
23
6%
22
23%
97
98
5
Jan
52% Mar
Feb
5%
Jan
4
Feb
1.00
Jan
7% Mar
5
7
5
37
4%
5%
125
23c
30c
25,797
33
3%
3%
12
3% Mar
3% Mar
5%
5%
1
5% Mar
6 %
25
25
25
21
Jan
25
13
100
pfd
Materials—
Standard Paving &
Feb
Jan
35
4%
13
23
13
Mar
15
5
23c
Mar
30c
Feb
Mar
105% Mar
Jan
104%
Mar
5%
Mar
_.
Ltd
Stores
common
25
1st pfd
cum
4
•
Limited—.—.
Brewery
3 %
3%
2,970
1.75
60%
321
57%
Feb
20%
125
12
Feb
3% Mar
Jan
58%
20%
Worts Ltd H—
Walker-Gooderham &
3%
59 %
Jan
Mar
63
21%
Feb
18c
Mar
Mar
6
Mar
$1
'
pfd
cum
*
Jan
Mines—
Aldermac Copper
Gold
Eouscadillac
Canadian
Ltd
Mines
Gold
Gold
Kerr
Mines
Gold
Lake
Shore
Normetal
Cons
Siscoe
/.
Ltd
.-
_
1,500
Mining
Mines
Mines
Co
1.75
1.75
,27e
800
8c
Jan
29%
38c
Jan
Jan
44c
26% Mar
#
Feb
Mar
1.75 Mar
1.75 Mar
350
40c
2%c
100
26 %c
40c
27c
Jan
96c
96c
96c
1,000
96c
Mar
1.14
3c
3c
3c
6,500
l%c Jan
3%c
Jan
7c
7c
7c
2,000
3%c Jan
14c
Jan
1
9.20
9.25
6%c
7c
1,533
4%c
Jan
7c
Mar
16c
16c
10
15%
Feb
16c
Mar
70c
70c
1,100
Mar
80c
Jan
4
1
Ltd
Gold
Mines
Cons
5%c
1
Ltd
Gold Dredging Ltd
Gold
Sullivan
Ltd
Corp
Mines
Gold
Shawkey
5%c
lie
68%c Jan
1
.*
Ltd
Mining
Cad-allic
Pandora
Pato
Rand
Mines
Gold
O'Brien
4
Mar
1
Ltd—
Mines Ltd
Gold
Addison
Jan
63c
1
1
Joliet-Quebec Mines Ltd
Kirkland
4c
500
4
Ltd
Mines
Gold
Consol
1,500
63c
6c
—4
Hard Rock Gold Mines Ltd.
J.-M.
6,000
7%c
16c
1
Central Patricia Gold Mines.
Dome Mines Ltd
Francoeur
16c
6c
i
Mines Ltd
Gold
Malartic
Cadillac
Central
Jan
15c
15c
63c
4
1
Corp Ltd
Mines Ltd
1
Ltd—
2,000
7c
800
2,900
3.70
3.65
45c
49c
1.72"
1.65
1.72
4
1
.
1.70
3.70
Ltd——__1
Ltd
1.45
6c
1.70
1
1
1.200
9.20 Mar
70c
1.38
6c
3.40
Jan
2%c Jan"
42c
5,000
1.75
Mar
■
Feb
10c
Mar
1.800
''
9.95 Feb
_
;
Jan
1,000
4
:
Jan
Feb
3.70 Mar
6c
G5c
Jan
Jan
1.62
Jan
1.80
Feb
2.95
Feb
3.30
Jan
Feb
Jan
23%
125
505
395
Too
Jan
Jan
Mar
4%
51%
26%
95
8% Mar
Jan
46 %
105 105%
i)
(w
Canada Power 6%
Mar
4%
50%
•
1383.
35
14%
12
7%
25e
Feb
20%
10
'
12%
Jan
82%
106
106
Jan
7
16%
24
Inv
Mont
4%
25 c
United Corporations class "B"_.
12
24
2% Mar
1.50 Mar
5%
Transport
Walkerville
10
•
—
21% Mar
250
21
2%
Co.——------*;
Quebec Tel & Power Corp A._
."_T;
*
Sarnia Bridge Company Ltd "A"
4'
Provincial
Jan
500
16
Feb
105
—4
4
Corporation
Jan
108
14
#
page
Ltd
Noorduyn Aviation Ltd
Moore
Thrift Stores 6%'/
96
20%
Feb
18%
20%
Company——'1'
Power
Thrift
21%
80
49 %
20%
21
10
:
1—'
Island
Feb
13
...
i
Preferred
Montreal
Jan
96
100
Feb
2%
Feb
49%
28
20%
Jan
,
& Paper
Power
Jan
10%
•
49 %
16%
Jan
35c
2% Mar
10
49 %
15%
Mar
50c
24
Feb
15 % Mar
10
2%
2%
common.
-
Feb
20c
70
25c
Feb
20
689
50c
*
*
1
14%
26% Mar
26
common
see
Feb
•
30%
106% Mar
51
__
Ltd
footnotes
Apr
13%
393
Jan
25
»
common
preferred
For
88
95
26%
Too
Tubes
& Co
Feb
9%
Mar
10
4%
Power common
Corp of Canada
Bros
,34
7 135
Mar
10
•
Placer Development
Price
76
93
12%
11% Mar
320
•
Noranda Mines Ltd
Ogilvie Flour Mills common...
Ottawa Car Aircraft
i_
H. &
3,273
25c
*
•
A
J.
Distilleries
Southern
2,325
;9
Niagara Wire Weaving
Power
Ltd
Foundation
Massey-Harris
South
42%
______
_
Steel
Jan
1,525
100
.
common
Preferred
Jan
8
7%
9
National
110
"
Massey-Harris
Oil
6%
Feb
Jan
15c
1
Power
MacLaren
7% Mar
25
Montreal
Jan
7% Mar
108%
11%
100
9
McColl-Frontenac
12% Mar
13%
16%
...
preferred
W)
6
7%
Utilities Corp A
John
St
6% Mar
20%
€
common
Service
1
Mar
3%
Jan
Mar
87
,7%
287/B
•
15
Preferred
Public
v-
11% Mar
11%
■■
14
Too
Jamaica
14
10
2% Mar
10c
Mar
2%
'
Preferred
Jan
88
International Petroleum
International
Jan
9%
Jan
Jan
Jan
16
Jan
,15
8%
Jan
20
13
—
—
_
5% Mar
Jan
Jan
21%
•
...
International Paper common
~
16c
10c
16
preferred.—___20
Canada
of
McColl-Frontenac
28
9
"lOO
-
_
—
Bronze common..
Preferred
67% Mar
31%
18%
4
*
Melchers
13
'
Ltd
..
5
Feb
8%
27
•
Page-Hersey
6 %
Ltd
Investment
Lake
Feb
106% 107
11%
tx
Penmans
.
_r_4
Linoleum
&
"B"
Class
6%
93
.
_
325
16c
:
•
Limitee "A"
Jan
74
13%
5
common
Acceptance Corp. Com...
Ottawa L,
Feb
Mar
27%
of Can
Preferred
National
Ltd
Collieries
Hillcrest
5%
10
106%
Preferred
Mont
*
Companies voting trust
250
14%
Mining
International
2% Mar
;
2% Mar
100
3%
10
*
common
"A"—
Corp
Paper
Motor
225
11%
93
•
Mitchell
Ford
6
10
.
Preferred
Industrial
Ltd
Foreign Power Sec Corp Ltd
Fraser
6%
11%
■
Paper common-
Imperial Oil Ltd
Imperial Tobacco
10c
3
■
~
2.50
Aircraft
5%
10
100
-
-
.
30
245
7%
4%
85
9,055
110
11%
100
Renfrew common-
Bay
10c
-
Paper Co Ltd
Aircraft Ltd
6%
•
..
Hollinger Gold Mines—
5
12%
7%
common—
Smith
Jan
1.85
Jan
8%
10%
Jan
20
10
87
110
;
til
100
315
9%
12%
•
Hudson
Mar
163
10
Jan
7%
10
15%
87
...
—
•
sy4
9
"
Wares common
Steel
Preferred
a
Jan
72
lt>0
20
15%
—
Uatineau Power common
Howard
7%
5%
...
•
Holt,
8
320
73
•
9%. Jan
25
130
9%
Feb
7%
588
10% ;'V-W
20
',
preferred
Jan
15%
40
2%
2%
10c
'
Foundation Co of
Hamilton
Jan
7%
5% Mar
18% Mar
23% Mar
Mar
150
.
Mar
23
15
7%
-
5%
Products
"A"
Electric
Gypsum.
18
100
72%
72%
•
Gurd
225
9%
Dominion Textile common
5%
18 Va
23
10%
♦
General
Ltd
Sec
Div
International
4% Mar
163
7%
*
Dryden
17% Mar
5
860
28% Mar
5%
18
:
m
English
Jan
2%
Oilcloth
Fairchild
23
163
Chemical common
Enamel & Heating
Jar.
11% Mar
156
Mar
60c
Donnacona
29% Mai-
29%
99
Jan
Jan
10%
146
17%
Dominion Woollens
42% Mar
163
__
100
Ltd...
Stores
Tar &
23
2
Co
& Frere,
12% Mar?
33%
13%
4%
18
Steel
preferred
Steel 6t Coal B
Dominion
David
Dominion
Jan
27%
80
28
13%
4%
common
Preferred
Dominion
50
148
60c
Alcohols
Consolidated
Jan
2,336
4i%
27%
137/8
Dominion Foundries &
Dominion
11
147
45% Mar
90
130
90
90
i
20% Mar
Jan
60c
Preferred
39
'
Dominion Glass
10
Jan
43%
1,125
45%
33% Mar
Feb
635
39 %
!
-25
Coal preferred
Dairies
20
20%
'
Bnuge
Dominion
104%
10
20
100
City Gas & Electric Corp Ltd
11%
240
33
125% Mar
Jan
27
1,061
29%
32%
__
5%
300
41
Jan
24%
5
4,627
12%
40%
__
■:
256
44
42
41%
*
Dominion
10
Mar
645
*
♦
Dominion
Commercial
Jan
123
12
common
Knitting
Jan
530
605
•
Cork & Seal Co
Distillers seugrauis
Celtic
34%
38%
2,851
40%
5
Mar
45
Jan
Jan
6%
—.
Smelting
8% Mar
Jan
V,:>
■
106
106
20%
4
preferred
cum
Jan
25
6'/a
11
Glass
Consumers
Crown
5%
165
33%
Jan
Jan
32%
26%
<
Jan
8% Mar
225
Ltd..4
Power Co—L
Vickers
8%
5%
4 V\ Mar
10%
8%
MarconLCo..
Canadian
.500
5%
•
Consolidated Mining 61
Jan
8% Mar
1
& Paper Inv Ltd com.*
Canadian
Jan
8%
33
42
—
2%
51
21%
_*
100
pfd
Investments
Canadian Light &
Jan
9
Jan
7%
Industries Ltd
41
10,
6
•
Class' "B"
Cockshutt
•
170
6%
33%
♦
214
9
Jan
Jan
36.
24
*
Canadian
Jan
38
Ind Alcohol common
3%
3%
8
100
Power
Jan
7%
Jan
pfd
General
Jan
7%
26
26%
——
—
Canadain Foreign
1,336
33% ■:'v
8%
I25
Celanese common
Canadian
8
45
33%
,/
--
9
Foundry common..
Canadian Car &
Jan
'
*
Canadian Bronze common..
Canadian
7%
44%
.
Preferred
27%
?
21
„
Canadian
2,400
v :'
8%
.—J*
Ltd
Malting Co
Canada
Jan
31%
261
Canada
108
10
367
34%
I50
31
High
Jan
21 %
9
...
Sugar Co
Calgary Power Co Ltd 6%
Feb
17%
Jan
104
166
*
'
9
Oil
Canadian
24%
Jan
425
.7
&
Feb
156
Jan
17
\
23% Mar
Jan
21%
Feb
22%
13% Jan
151% Mar
1,510
105% 107
105%
21%
*
335
200
23%
:
2%
Mai-
96%
1,068
67/a
__
*100
Brewers
Jan
21%
15
9
Preferred
Jan
48%
?3
•
Cement common
Canada
10%
98%
8
151% 152
23%
2,775
3%
^
9
Corp
Power
Jan
117
15%
■<
152
"B"—
Ltd
Distillers of Van Ltd——5
& Paper
Power
Jan
520
23
i
.100
Co of Canada
Brazilian Traction Lt & Pwr
Building Products class A
Beu
<23
...——-
Power & Paper class A—.
Bathurst
2%
8%
29%
S
9
Bathurst
Beauharnois
9
98%
-
preferred
88
21
21%
15% Mar
Jan
48%
s%'
*
LOW
High
25/8
29
2%
common
150
;
10
9%
-50
pfd_.
Corp
Asbestos
13%
93
98
9%
7% Mar
Jan
5%
10
f
100
& Paper
Power
20
9
9
91%
98
100
200
Abltibl
6%
High
Low
7
92
—-
pfd
Amalgamated Electric Corp
Anglo Canadian Telephone Co
Co of Can
Aluminum
;v:"U-;"9
•
Steel com
Aigoma
Range sinee January 1
Shares
15%
15%
Range since January 1
Shares
Low
Par
High
7
V
Works Ltd common
Agnew-Surpass Shoe
for Week
*
for Week
Range
of Prices
Sale Price
STOCKS-
Range
of Prices
Sale Price
STOCKS—
Sales
Week's
Friday
Acme Glove
official sales lists
31 both inclusive, compiled from
25 to March
March
Sales
Weevs
Friday
Funds
Canadian
Funds
31 both inclusive, compiled from official sales lists
to March
25
March
Wright Hargreaves Mines Ltd
.'.
2.99
4
2.99
800
Mar
Jan
7% Jan
1,450
19
Jan
24% Mar
80
93
Jan
98
Mar
Oils-
Calgary & Edmonton
Home
Oklata
Oil
Co
Oils
Royalite
Ltd.^
Oil Company
1.90
100
3.45
1,602
55c
55c
500
55c
21
20%
21
160
203/o
"
-
Limited
4
4
1.90 Mar
1.90
3.40
55c
Corporation..—4
Ltd
3.25
Jan
Mar
Jan
1.95 Mar
Volume
Number 4269
159
THE COMMERCIAL & FINANCIAL CHRONICLE
1333
OVER-THE-COUNTER MARKETS
Quotations
for
Friday
March 31
Investing Companies
Par
Aeronautical Securities
1
Holding
X3.46
Corp
10
American Business Shares
American
Stand
Investors Fund C
3.79
Keystone Custodian
12.76
B-l
27.88
29.19
3.70
Series
B-2
X27.81
Series
B-3
X19.67
6%
Scries
B-4
9.97
Series
K-l
16.82
18.46
Series
K-2
19.54
21.50
23.46
25.79
6
X13.76
1
3%
4%
Series S-l
5
10
4%
5%
Series
S-2
Series
S-3
Series
S-4
ACommon
preferred
Basic
Industry Shares
Bond
Inv
3.76
America
of
101.24
105.46
12.63
5
16.92
18.19
Knickerbocker
x27.54
29.77
Bullock
1
14.88
16.31
1
Loomis Sayles Mut Fund
Loomis Sayles Sec Fund
_10
Manhattan Bond Fund Inc—
Inc
Fund
Ltd
Ltd
Fund
Inv
Canadian
X3.05
3.65
.*
27.61
29.69
1
Century Shares Trust
X9.41
10.18
Fund
Chemical
100
Preferred
Series
Series
Mass
Investors
2d
—1
10.28
11.05
_10
xlO.56
11.54
Mutual
5.09
Nation-Wlde
(Colo)
2.69
1
Fund
Inc
Aetna
shares
3.60
Low
__
priced stock
1.24
—1
7.00
7.57
28%
30-
Preferred
-■
J,
New
•
X4.68.
—
New York
Fund
1
18.00
19.46
1
3.60
A7%
—100
preferred
Delaware
113
D
5.50
6.25
25c
Shares
1.21
1.33
Bank
•
X20.83
1
xl2.54
Fund
Fidelity
•
Inc
Industrial Fund, Inc_
Financial
Fund
First
Mutual
Fixed
3
Trust Shares A
Trust
Invest
Fundamental
15
16%
Monarch
Fire
10
51 %
54%
National
7.25
American
Reserve
Casualty
io
11%
13%
American
Surety
—25
L 56%
io
353/4
38%
2%
6%
7%
2
X21.89
23.99
4.71
4.35
General
Capital
6.16
35.09
5.39
5.79
6.62
6.42
38%
1
(Geo)
Fund
5.86
64
10
83
87
1
13.57
__1
6.45
Republic Invest Fund
Building shares
6.91
7.60
5.54
6.10
X32%
35%
2
Corp (NY)
(Texas).
4%
12%
13%
Republic
24%
26%
Revere
46%
49%
St Paul Fire & Marine
19%
Seaboard Surety...
10
Security New Haven..
10
25
121%
8
17%
5
x41%
& Republic
5
8%
&
Rutgers Fire Ins.
preferred
9%
(Paul)
10
Fire
com.
17%
19%
74%
29%
U S
US Fire
10
26
28
95%
99%
U S Guarantee
42
45
Westchester
28%
30%
295
47%
36%
127
62%
100
10
24%
285
65%
474
Fidelity & Guaranty Co..2
10
Fire
Hartford Steamboiler Inspect.-lO
Home
5
29
22%
62%
Travelers
x27%
27
—10
Standard Accident
70%
5
American
6%
34%
Springfield Fire & Marine
65%
443/4
44
49%
489
35%
37%
4
47%
10
x70%
75%
2.50
30%
32%
1973
Fire
104%
50%
Scudder, Stevens & Clark
Chemical
15%
10
5
Hanover
7.03
14%
Preferred Accident
5
_10
Great
14.59
6.45
47
81%
Reinsurance
2nd
.10o
10
Providence-Washington
Fire
5%
94
109%
5
60
Globe
55c
Inc Shares
Quarterly
104%
10
10
Hartford
6.23
X89%
25
Phoenix
47
151
2.27
50c
43 %
Globe
X2.61
1
56%
Glens Falls Fire
2.70
_—10c
13%
23%
5%
12.50
145
Franklin
shares
.
473/4
21%
4; Pacific Fire
60%
Pacific Indemnity Co_
20
General Reinsurance Corp
Gibraltar Fire & Marine
7.28
5.66
shares
Aviation
7.56
5.83
1958
30%
12%
-_5
Fireman's Fd of San Fran
Firemen's of Newark
X2.05
Series
28%
45%
5
2.50
River
Fire Assn of Phlla
5.95
6.87
Series 1956
<
10
—
Northern
10
26%
10
Fire
41%
10
188
24%
2
32%
of Md
7%
178
__20
Casualty
York
29%
_
6%
2
;•
Fire
Hampshire Fire
39%
10.96
1
58%
New
5
Federal
•
5%
55%
Northeastern
Fidelity & Deposit
6%
26%
New
45%
6.61
5%.
4%
21%
43%
8.83
49%
4
New Brunswick—
565
46%
23%
197/,, '
10
10.79
Trust
Union
Amsterdam
North
6.00
i
Y
71%
(Detroit) —10
Liberty..
New
83 %
N
8%
68
12%
—Lx— 5
10
National
-
19 %
8.03
9.97
Fire
8%
Ins
National
-
17%
9.82
1953
Mfrs
10
Employees Group
Employers Reinsurance
Amer
&
Connecticut General Life
Continental Casualty
5.40
80 %
Merch
City of New York
8.93
,
59
x540
5
8.62
Putnam
shares
100
11%
7.64
6.94
Series 1955
x32.63
shares
10.16
10%
__25
Fire
8.12
Series
Group Securities—
Automobile
Camden
Shippers
Boston
9.79
9.24
stock
Plymouth Fund Inc
Agricultural
6.78
8.90
7.84
North
5.45
•
Bankers &
11.08
10.08
North Amer Bond Trust ctfs
__
1
Corp
General Investors Trust
Automobile
Baltimore American
Railroad
4.25
Inc
.7.70
13.34
& Casualty_5
2%
8
6%
1
National Fire
Oils
9.64
*
Merchant Fire Assur
Re-Insurance
Railroad equipment
Steel
•
B
18%
5
American Fidelity
—;
1.94
Fundamental Trust Shares A__2
17%
Equitable
American
12.38
—1
6.00
3.65
Massachusetts Bonding
5
Casualty
American of Newark
Inc—
1.77
10
12%
Y
„
5.06
UL 6.96
series-
x5.38
A—1
Shares
Trust
Foundation
io%
Metals
31.69
38%
19.76
41%
Knickerbocker
Maryland
Machinery
13.46
29.47
x37%
X18.35
Fund
38%
74
23%
Electrical equipment
Insurance stock
22.38
Equitable Invest Corp (Mass)_5
Equity Corp $3 conv pfd
1
Stock
stock
Stocks
Chemical
-1
Fund
Balanced
20
70%
x21 %
7.62
Building supply
Eaton & Howard-
85%
Jersey Insurance of N
i
15%
83%
3.36
Aviation
2.50
—
Dividend
36%
13%
10
io
American Casualty
Aak
10
X6.59
series
England Fund
Automobile
i
:
c
34%
Fire
Insur Co of North America
4.57
Agriculture
Diversified Trustee Shares—
10
Homestead
.
X2.97
series
Cumulaiive Trust Shares
53 %
25
Alliance
Bid
Par
139%
50%
X6.93
common.
1-953
NY
Ask
131%
10
Life
American
series
Income
Low priced bond
shares——*—10
B
ACommon
Bond
28
118 %
Insurance—
Forster
-
26
100
preferred—
&
Crum
common—10
Forster
&
A 8%
Bid
10
American
1.37
'
ACrum
Surety
Agricultural
25C
voting shares
National Investors Corp
National Security Series—
2.69
Par
Aetna Casual &
Aetna
Securities—
series B
(Md)
/
2.21
1
Invest
Teletype
Insurance Companies
4.85
22.54
40
1
mod
ACC
Series
4.45
20.96
2.21
mod
AA
9.81
10C
—1
2.38
Accumulative series
8.92'
10c
Trust
Fund
Bell
39.30
Investors
38
1
AA
Common
DIgby 4-4950
6.51
38.51
Tel:
92.50
146
1
Corporate Trust Shares
5.94
90.65
Fund-
Mass
4.68
1
Trust
Investment
Consol
4.78
Maryland Fund Inc
141
1
Commonwealth Invest
*■<
10.43
2,470
com—100 2,370
Securities
Christiana
40 Exchange Place, New York 5, N. Y.
13.88
4.30
.
5
Fund
Members New York Stock Exchange
Members New York Curb Exchange
10.96
X9.45
-
Broad Street Invest Co Inc
Boston
Co.
&
21.59
14.80
Shaskan
30.54
14.83
1
Tr
Funds—
3.45
Nat Investing—
A6%
X12.49
Series
26%
„1
Ask
X13.67
2
Oil
7.02
25%
Bid
1
Shares
Bankers
Par
Investing.lOc
Foreign
Axe-Houghton Fund Inc
Assoc
For Quotations on Real Estate Bonds
Ask
6.46
1%
Affiliated Fund Inc
AAmerex
Bid
„
shares
Electrical Equipment
Food shares
Administered
Fully
bond
General
Fund,
8.75
Selected
Amer Shares—.
5.34
Selected
Income
6.92
shares
9.62
4.85
shares—
3.33
7.61
Sovereign Investors
3.66
X90.00
Inc
.2%
X9.51
1
6.04
Shares
7.87
8.65
8pencer Trask Fund
Industrial Machinery shares—
6.42
7.06
State
Investing
5.75
6.33
Super Corp
5.42
5.97
6.11
6.72
-
Merchandise shares
Mining shares
4.68
■Railroad
shares
RR Equipment
Steel
shares
Utility
3.92
3.96
shares
Tobacco
3.55
shares
Trusteed
Union
Foundation
Income
1.54
20.84
22.41
Aviation
Securities
Group
•
Group shares
Co
of
2.47
106%
107'/a
Iowa
19.46
1979
Power
Northern
&
Light 3%s._ 1973
Indiana
Public
1973
1974
Panhandle Eastern
2%s
Wellington Fund
1953
1
16.18
84c
93c
1.15
AElalr
23 60
25.65
AFirst
Co
1
Boston
2%
25%
27%
1944..
15.
1944-
15,
New York
Gify Banks & Trust Cos.
Bid
Co.—10
York
-100
22%
Ask
Fulton
3.89
4.01
Trust
52%
100
96%
101 %
Kings County Trust
Central Hanover Bank & Trust 20
97%
101 %
Lawyers Trust
Chase National Bank—.—13.55
Chemical Bank & Trust
—10
37%
39%
48%
51%
—
Irving Trust
Conv
Co
_20
Trust
10
Corn
Exchange Bank & Trust_20
Empire Trust
50
Bank
102%
Southern
100%
West
Texas
Utll
York
Corp.
Gas—
4%s
100%
108%
100%
Utah
Colo Power 3%s„ 1968
Power
103
103%
104%
104%
...1973
103
103%
1958
Lt
&
104
104%
3%s
1968
3%s
(J P)
46
47
73%
100 1,550
National
48%
19%
305
47%
49 %
77%
20
100
50%
x210
t%s
May
100.20
t%s
%%
99.26
99.27
t%s
Oct.
15,
as
Ask
if
—-
52%
"34%
36%
25
93%
x36%
6
100 1,450
1988
88
90
Common
1988
92
S4
5%
Chicago Rock Island & Pacific—
39%'
Feb
Federal
Home
June
0.85s
101%
103%
2019
65%
67%
—2018
61%
63%
84
100.25
t%s
Feb.
1,
100.17
100.18
tO.90s
15,1945
1.
Denver
&
Income
Rio
4%s
Grande—
4%s
—
1st
Gen
income
1971
mtge
4s
1991
95%
63%
•96%
65%
4%s_—_
0.80%
b0.84
0.82%
Bid
b0.90
1946-1944
100
4s
1964-1944
1955-1945
j-J
ft
104%
105ft
1946
104%
104%
1947
106%
107
Panama Canal 3s
1961
132
133%
are
Rid
May
79
April
20,
1944
*
18%
19%
April
27,
1944——
——100
44%
45%
May
4.
11,
Bilts
purchase
for discount at
18,
0.33%
b0.37
1944
Ask
b0.37
b0.37
b0.37
Ask
Treasury bills-
34
0.34%
0.33%
b0.37
June
0.32%
June
0.32%
June
b0.37
0.32%
June
22,
1944—
b0.375 0.35%
b0.375 0.35%
b0.37
-
0.30%
b0.37
1944
May 25, 1944
b0.37
-
0.28%
b0.37
1944—
13,
Issuei
U S Conversion 3s
105%
77
April
__
104%
1956-1946.
Rates quoted
6.
,
U S Conversion 3s
103 ft
103 ft
103
Ask
April
100
15,1944
101ft
1956-1946
1,
Other
100 J J
103 ft
1955-1945
May 1,
Apr
0.75%
101
Jan.
Ask
Bonds—
33
■_
preferred
2014
103%
105%
&
Rio
Preferred
St
Free
v
Paul
t
Grande
—
c
&
Sault Ste
—
2C %
0.32%
June
29,
1944
b0.375 0.35%
1,
8.
1944
'1944
*
15, 1944-—
0.34%
—
12
•No
1%
2
Oil
Co.
Feb.
Stock
Pacific
Preferred
common-
...
1944
43%
M—
.
1944
21%
42%
11
corn-
.—
Optional v t c
Western
Pacific-f-
mtge
5%
Minn
M—
Western
Inc
1993
St Paul & Saulte Ste
4%s_.
0.79%
b0.82
1945
1, 1945
0.73%
b0.81
—
0.75%:
Reconstruction Finance Corp—
100.8
Bid
preferred
Denver
1st 3-4s income
Minn
0.72%
b0.77
86
—
income
0.65%
b0.75
'
*
Conv
0.26%
b0.68
b0.74
1945.
tl%
1944
4s
6%
,495
Youngstown-
Common
b0.34
.
...
Ask
100.6
Bank—
Loan
15,
Federal Land Bank
Chicago Rock Island & Pacific—
_1994
100.24
Bid
tlVB%
May
4%s series B
1%%
United States Treasury
Bid
&
Dec.
Commodity Credit Corp—
97%
i
Canton
t%s
Mar.
100.8
Obligations Of Governmental Agencies
issued)
Stocks
Akron
Youngstown—
A
and
100.1
%
Ask
Bid
100.7
1944
100
.
Reorganization Rails
(When,
1,
1, 1944
1, 1944
1
1947.
3s
Bid
1%%
1, 1944
Sept.
x.1%%
1946...
15.
point
Int. Rate
Aug. 1, 1944—
t%s
3s
Bonds—
a
Indebtedness—
of
100.1
1946-
220
12%
United States Trust
Certificates
100.13
50
Trust
32ds of
15%
com—20
& Co Inc
100.13
100
more
100.18
39%
Public Nat'l Bank & Trust—17%
Title Guarantee & Trust
12
1,590
%%
100.11
or
Maturity—
tSept. 15, 1948——
313
14%
36%
City Bank
York
New
20%
%
Ask
175
25
Co
1
Bid
100.2
15, 1945-
3s
1st 4s
102%
100%
100.12
3 %s
series
112
%%
100 1,500
preferred
Morgan
165
10
Manufactures Trust
Commercial National Bank &
4s
110%
&
Ask
100
Guaranty Trust
50%
Brooklyn Trust
Canton &
El 3%S—1970
Elec
1972
t%s Mar.
Bid
100
Bankers Trust— ———_10
Akron
Carolina
1%%
tSept.
Par
23%
%%
1944.
tDec
Par
National
Diego Gas &
1945..
tMar 15.
First
108%
108
1945-
15,
IDec.
&
107%
107%
3%s
Int. Rate
15,
Mar 15,
Bank
South
Figures after decimal point represent one
tMar
Trust
1973
1972
:
& Lt—
—
Quotations For U. S. Treasury Notes
3%
10
Corp
JSept.
Continental
(New Hampshire)
Pow
17.78
Banking
Corporations
Sep
Bank of New
San
105%
Investment
xl.04
shares
America—10
the Manhattan
103%
109%
Pipe Line—
debs
Maturity—
of
103
109%
/
1.70
Jun
Bank
4%s
(Minn)—
2%s
Service
3%s series A
Puget Sound
Service
3%s
Northern States Power
16.10
B
11.15
101
106%
6.74
17.80
Fund
Lt & Pwr Shares A
U S El
100%
106%
Ask
(Indiana)—
series E—
Ltd—
shares
Insurance Group
Investment
2.19
10.18
8.72
6.17
B
Public
105%
1973
22.18
7.98
Fund
Union Preferred Stock
1.41
5
Independence Trust Shares
Institutional
20.29
B
3%s
3%S__
4%s
81c
25.24
C
& Lt
Service
3%s
—1974
6,33
X72c
105%
—...—
Pow
Power
Bid
Public
103 %
Florida Power & Light 3%s_1974
24.47
A
1973
Ask
102 %
Central
5.74
1
series
Light 3s
1963
Valley Gas & El—
Florida
3.14
...1
Fund
Gas
3s
2.26
Shares—
Industry Shares- ,25c
Stock
Union
—10c
Incorporated Investors
Bank
32c
Inc
Fund
Common
Oil
Bid
4
Atlanta
X2.34
ui'
Bond
Series
4.98
20c
87.18
Blackstone
ASeries B
4.37
4.54
4.48
4.52
1
—1
ASeries A_„—
4.06
Holding Corp
AA
14.81
X81.13
—
Stand
Series
AHuron
Amer
D
Trustee
4.12
shares
X13.90
Corp—
C
ASeries
6.45
—
of
A Series
5.16
5.86
shares
Petroleum
Investment
.
Recent Bond Issues
"6.68
Trustee Stand Invest Slis—
Price Shares
Low
St
.
10.37
4.04
.„
4.;: ,/
91.82
24,
par
of
value,
Ohio
a
Odd lot sales,
common
1944 to holders
Exchange,
Ex-rights,
r
stock
for
b Yield price,
each
of record Feb.
Canadian market,
tin default.
32
33
y
66%
67%
by, sponsor or issuer.
tThese bonds
"
.
s
four
c
Liquidating dividend of one share of Standard
shares of Adams Oil & Gas Co.
common
are
subject to all Federal taxes.
.
held, payable
k Removed to
Ex-dividend,
A Quotations not furnished
11, 1944. d Deferred delivery, f Flat price,
Cash sale—not included in range for year,
x
THE COMMERCIAL
1384
Monday, April 3, 1944
CHRONICLE
& FINANCIAL
Week Ended
BANK CLEARINGS
THE COURSE OF
compiled by us,
liminary figures
indicate that for
of the country,
United States from
cities of the
show an increase
$9,480,897,802, against
stands at
is a decrease
center there
summary
K0wWYoJkEnding APrU 1
ShifLfiinh'
Philadelphia-.—
1
!
"""
554,000,000
559,000,000
286;762 118
154,651,761
t
317,427,700
—
five
cities,
Ten
*
9.7,
136,900,000
189,414,000
Citie^
A11
196,887,391
7.2
+
124,271,557
Total
$7,900,748,168
1.580.149,634
1.657,850,852
+ 1.9
- 4.7
$9,480,897,802
$9,414,145,549
+ 0.7
$7,756,294,697
a summary
SUMMARY
Week Ending
March 25—
12 cities
12
"
1st
Boston
2d
New
3d
Philadelphia
York
—
4th Cleveland
—.
5th Richmond
-
6th Atlanta
I
7th Chicago
Louis""
8th St
9th Minneapolis
City
10th Kansas
11th Dallas
""
""
—
—
Francisco
I2tn San
"
10
7
6
10
17
4
7
10
6
10
"
"
"
"
"
*'
"
**
"
-
New"
Outside
—111 Cities
-
5,670,480,515
703,256,696
613,397.365
256,312,904
418,932,817
407,100,212
4,899,688,160
622,887,297
' 586,481,307
251,739,909
358,690,997
615.308,132
293,966,945
222,903,029
288.404.117
142,860,479
496,696,738
571,475.932
263,552,173
180,538,276
279,160,095
133,633,945
496,879,572
10,119,405.694
4,616,387,518
9,051,827,875
4,302,888,857
York City—
now
Districts:
South
0.1
565,614,667
468,960,053
211,678,353
282,397,532
501.817.761
220,831,765
136,991,607
191,646,935
101,824,841
372,350,546
+11.8
+ 7.3
6,747,591,897
3,537,014,548
6,392,415.040
2,936,494,543
$
357,888,414
3,335,589,423
2.5
+15.7
+12.9
+ 4.6
+ 1.8
+16.8
+ 7.7
—
,
Bend
Terre
,
+ 11.5
+23.5
+ 3.3
+ 6.9
—
First Federal Reserve
Massachusetts—Boston
Pall
River
Lowell
Bedford
New
Springfield
__
Rhode
New
Island—Providence
(12 cities)
+33.8
600,505
3,239,397
306,692,510
865,767
370,752
726,088
3,596,197
569,735
1,925.361
259,758,871
785,530
:
360,555
-— 667,760
3,224,437
+34.3
—14.0
— 1.9
+ 8.3
— 7.6
+26.5
—11.1
—15.4
2.449,007
12,538,686
5,008,162
21,311,400
4.364,290
12,378,800
407,100,212
2.5
—
-
..
489,943
*
436,477
357,888,414
298,435,254
5,342,165
5,270,073
1.4
—
4,372,067
4,950.797
1,181,651
1,037,149
13.9
1,069,145
936,885
69,359,000
59,100,000
+ 17.3
47,700,000
42,500,000
Elmira
876,357
1,105,927
—20.8
902,390
Jamestown
935,641
698,365
+
34.0
1,101,344
677,387
5,503,018,176
4,748,939.018
+
15.9
3,210,577,149
3,455,920,497
10,280,173
9,356,066
+
9.9
8,468,084
8,771,354
8,760,601
7,617,771
7,045,335
+
24.3
4,608,830
5,428,741
New
York..
Rochester
Syracuse
Connecticut—Stamford
New
Jersey—Montclair—..
Newark—
6,664,109
332,920
23,696,327
39,968,991
Northern New Jersey
247,786
22,879,161
.
16.8
282,397,532
221,943,173
+
30.8
+
2,672,705
3,504,415
+
2,748,584
23.1
Total
(12 cities)
36,455,913
5,670,480,515
Third Federal Reserve
0.5
3,238.888
+
825,186
„
_
2,545,134
1,744,454
24,669,000
19,455,000
v
1.9
—
2.169,941
2,354.132
17.8
9.6
6,461,664
5,642.677
+
7.1
32,291,325
23.614,883
+
8,112,559
37,788,490
19.6
1,741,117
1,357,670
2.1
15,643,599
14,256,113
—
2,362,851
16,308.204
—
4.583,370*
+ 19.8
7,094,929
4,250.029
597.711
368,159
+
62.4
373,930
437,286
482,965.215
445,471,691
+
8.4
398.000,589
371,641,366
Decatur
1,692,443
1,302,893
+
30.0
1,230.356
1.879,370
Peoria
5,295.781
4,877,454
+
8.6
Rockford
2,009,202
2,039,365
1,668,939
1,760,427
615,308,132
Chicago
-
'
Springfield
Total
(17 cities)
3,852.477
4,069,469
1.5
1,965,139
1,711,045
4.2
1,335,023
1,390,255
571,475,932
+
7.7
501,817,761
458,695,068
—
—
Eighth Federal Reserve District—St. Louis—
180.800,OCO
...
(4 cities)
Total
+
16.7
131,200,000
104,400,000
64,883,412
+
6.3
51,070,152
42,985,619
42,727,761
+
0.9
37,844,613
27,201,269
0.3
717,000
554,000
293,966,945
Kentucky—Louisville
Tennessee—Memphis
Illinois—Quincy
154,900,000
*"69,000,000
43,128,945
1.038,000
Louis
Missouri—St.
263,552,173
+ 11.5
220,831,765
175,140,888
1,041,000
—
Ninth Federal Reserve District—Minneapolis—
3,808,516
3.083,308
2,461.770
+ 25.8
91,264,732
72,113.826
41,049,498
+ 22.9
34,947,994
29,697,509
3,455,914
3,305,993
2,608,531
+
Helena
(7 cities)
I
'«*•
'
4.5
'2,814,548
+
30.7
917,898
,+
3.3
879,253
940,690
4,927,011
+
0.9
3,083,874
2,933,815
222,903,029
Montana—Billings
1,048,412
4,972,708
Dakota—Aberdeen
1,100,338
1,082,909
Dakota—Fargo
South
+
1,438,444
-Tr
North
Total
0.5
125,319,321
50.460,582
Paul
3,787,703
157,683,956
180,538,276
+23.5
136,991,607
111,583,710
821,569
v.~;
Tenth Federal Reserve District—Kansas City—
167,643
180,532
Nebraska—Fremont
104,188
117,896
+
7.7
+
17.1
134,596
112,532
—10.1
2,762,682
2,545,701
43,691,511
31,995,904
266.209
227,410
3.642,512
4,051,610
72,609,879
74,535,780
3,181,887
2,401,246
+
32.5
7,056,452
Hastings
5,745,411
+
22.8
4,658,153
2,861,846
194,063,414
5,970,725
698,533
185,146,255
+
4.8
132,607,538
101,599,613
+
10.2
3,865,278
3,190,566
602.517
424.181
733,974
661,610
557,298
675,130
288,404,117
279,160,095
191,646,935
145,251,971
;
Lincoln
Omaha
*
;
Wichita—
Missouri—Kansas
City
Joseph
Colorado—Colorado Springs
'
Pueblo
(10
cities)
5,419,669
803,461
2.6
—
1,742,310
2,649,466
—13.1
'
10.9
+
+„ 3.3
■.
Dallas
J
I
Galveston
L
-
Falls—.—.
Wichita
Louisiana—Shreveport_
Total
/
-I
+
+ 14.3
+
6,004,022
583,587
4,154,177
34.4
265,664
360,384
3.5
19,321,069
19,202,144
9.6
31,199,659
28,745,078
—
+
2,583.985
1,615,391
7.7
81,985,607
59,858,862
+
0.9
9,910,422
6.429.600
2,752,000
+
14.0
1.041,645
893,213
5,220,580
4,302,686
+
21.3
4.070,182
3,248,585
.,
142,860,479
133,633,945
+
6.9
101,824,841
73,840,656
9.9
70,249,474
47,524,716
«»ja
Twelfth Federal Reserve Distrr
-San Francisco—
91,051,387
101,064,313
1,913,619
1,665,203
74,411,429
84,659,344
30,500.818
City
30.436,597
1,095,105
45,877,732
0.2
21.174.132
17,091,030
+
3,901,343
6,014.544
8,582.951
+ 13.9
+ 34.3
3,008,031
2.970,285
6.0
201,214,000
154.500,000
+ 17.3
2,702,451
2,678,554
6.C
1,198,945
1,158,178
274,818,00t]
259,323,732
4,486,544
3,8gdfffW
1,679,076
548,365
Stockton
4,332,368
3,505,072
496,696,738
Francisco
+
+
*13.6
2,615,320
2,312,932
496,879,572
372,350,546
279,107,931
10,119,405,694
9,051,827,875
6,747,591,897
6,392,415.040
4,616,387,518
4,302,888,857
3,537,014,548
2,936,494,543
(10 cities)
Grand Total (111 cities).*—
Outside New York
1,053,757
63,119,892
+
2,769,814
Santa Barbara
Total
14.9
—12.1
SI
.
San Jose
San
—
9,783,466
California—Long Beach
Pasadena
1,795,000
2,233,000
3.9
—
1,200.243
-
Wa shineton—Seattle
Utah—Salt Lake
—
1.368,155
—~
'
\
8.5
+
11,889,082
2,644,000
_
—
L
(6 Cities)
-
3,610,999
109,878,935
11,989,676
JL
,
Worth
Fort
3,304,068
118,334,000
/
Texas—Austin
:
3,335,589.423
.3,572,231,031
—11.8
349,667
473,927
4,899,688,160
+ 15.7
509 ,101
District—Philadelphia
Pennsylvania—Altoona——„
449,188
Bethlehem
*
955,425
8.6
1,339,877
+ 49.4
512,701
636,474
4.5
1,628,870
2.186,214
608,000 ,000
+ 13.2
552,000.000
499,000,000
1,373,799
2,038 ,745
—32.6
1,096,514
1,624,228
Bcranton.
2,757,172
2,803
658
2.319,212
Wilkes-Barre
1,239,583
1,213, 296
York
1,566,827
1,949, 299
—19.6
1,657,772
1,448,243
4,348,900
2,948 ,700
+ 47.5
3,414,600
4,993,200
703,256,696
622,887,297
+12.9
565,614,667
514,513,376
25.7
3,008,385
2,902,550
1,220,595
1,335 ,296
848,067
567 ,659
' 1,452,565
1,521 ,543
688,000,000
Chester
Lancaster
Philadelphia
Reading
.
New
Jersey—Trenton
Total
,
(10 cities)
—
—
r-
1.7
2,538.304
+
2.2
1,076,362
876,453
3,691,562
—
2,936,907
+
Cincinnati
121,438.319
109.717,723
Cleveland
203,117,676
218,741.307
Columbus
17,370,700
13,543,500
+
2.351.084
2,017,321
+
16.5
Mansfield.,—
ro«i<rsf»wn_.
Per
Tital
(7 cities)
+
—
10.7
84,304.332
73,708.758
7.2
166.208,328
124,676,802
28.3
10,705,400
10,680,000
2,578,589
1,988.939
2,957,680
i
2,849,781
+
3.8
2,768,429
3,145,471
262,470,344
isylvania—Pittsburgh
Note—Canadian
of Dec. 31,1943.
Bank
Clearing
As noted in
236,674,768
+
10.9
199,386,590
153,763,183
613,397,365
586.481,307
+
4.6
468,960,053
370,865,703
our
were
discontinued
as
issue of Jan. 17, 1944, page
250, at the last Annual General Meeting of the Canadian
Bankers
Association
direction
returns be discontinued on Dec.
that it had been obvious for
Fourth Federal Reserve District—Cleveland
Ohio—Canton
.
3,310,021^
1,483,387
•Estimated.
■
S
282,103
391,305
+
30,708,000
8,503,042
Sioux City
+ 35.0
403,201
4,217,532
2,824,912
Oregon—Portland
Becond Federal Reserve District—New York—
Buffalo
358,690,997
15,968,702
Yakima
Binghamton
50,346,665
Illinois—Bloomington
11.333,559
5,438,400 — 7.1
18,983,000 — 6.5
520,465.- 3,0
396,885,957
New York—Albany
130,044
62,083,995
7,336,289
2,629,879
2,708,396
16,029,359
504,668
„—
+44.2
+ 15.4
$
,
5,055,430
17,756,900
Hampshire—Manchester
Total
$
2,409,067
Haven
New
2,200,468
117.427
4,082,170
1941
1942
13,555,195
Worcester
Connecticut—Hartford
26,738^93
41,754,660
"
Eleventh Federal Reserve District—Dallas—
591,477
3,593,650
354,195.685
853,921
374,930
864,774
2,946,155
794,426
3,087,103
347,414,661
925,080
346,512
1,094,318
3,942,537
Portland
1,573,124
1,348,490
27,501,000
132,386
40,483,403
Moines
Des
District—Boston—
Maine—Bangor
+16.9
13.8
86,708,767
3,816,822
—
Rapids
Iowa—Cedar
Total
Inc. or
$
$
+ 18.7
+ 0.3
2.685,008
Haute
St.
1941
$
298.435,254
3,572,231,031
514,513,376
370,865,703
170,806,279
221,943,173
458,695.068
175,140.888
111.583,710
145,251,971
73,840,656
279,107,931
1942
Dec. %
1943
1944
at—
4,639,292
3,594,851
Wisconsin—Milwaukee
Week Ended March 25
,
Clearings
51,821,525
30,128,000
—
Minnesota—Duluth
showing the figures for each city for the
•
+17.1
544,416
Indianapolis
St.
add our detailed statement
week ended March 25 for four years:
We
v
45,027,311
5.193,396
Rapids
Kansas—Topeka
T<?tal
+14.9
+
District—Chicago—
Minneapolis
Inc. or
Dec.
$
396,885,95^
108,900,000
2,622,827
1,267,980
26,457,000
642,175
418,932,817
Lansing
CLEARINGS
1943
1944
$
Reserve Districts
Federal
by Federal Reserve
OF BANK
22,402,450
85,200,000
190,832
(10 cities)
Grand
of
furnish
28,832,503
100,109,818
Seventh Federal Reserve
detailed statement, however, which we present further below,
we are able to give the final and complete results for the week previous—the week
ended. March 25.
For that week there was an increase of 11.8%, the aggregate of
clearings for the whole country having amounted to $10,119,405,694, against $9,051,827,875 in the same week in- 1943.
Outside of this city there was an increase
7 3%, the bank clearings at this center having recorded an increase of 15.9%.
We
group the cities according to the Federal Reserve Districts in which they are located
and from this it appears that in the Mew York District (including this city) the totals
show a gain of 15.7% and in the Philadelphia Reserve District of 12.9% but in the
Boston Reserve District the totals show a loss of 2.5%.
In the Cleveland Reserve
District the totals register an increase of 4.6%, in the Richmond Reserve District of
1.8% and in the Atlanta Reserve District of 16.8%.
In the Chicago Reserve District
the totals record an improvement of 7.7%, in the St. Louis Reserve District of 11.5%
and in the Minneapolis Reserve District of 23.5%.
In the Kansas City Reserve Dis¬
trict the totals are larger by 3.3% and in the Dallas Reserve District by 6.9% but in
the San Francisco Reserve District the totals are smaller by 0.1%.
we
4,515,050
6,266,353
9.7
+
122,500,000
2,167,210
Michigan—Ann Arbor
the elaborate
following
-
+51.7
7,243,338
37,808,993
,
""
In the
^
+17.3
—
week
-
o
Mississippi—Vicksburg
details for the week covered by the foregoing will appear
in our issue of next week.
We cannot furnish them today, in as much as the weeK
ends Saturday and the Saturday figures are not available at time of going to press.
Accordingly, in the above the last day of the week in all cases has to be estimated.
'
170,806,279
4,652,558
Louisiana—New Orleans
Complete and exact
In
211,678,353
61,520,190
"
Indiana—Fort Wayne
for
1.8
+11.3
175,039,668
-—
five days
cities
29,024,848
52,737,063
Mobile
$i'S7 94? ois $l 387 592 330 TllS
1,547.240,055
1,387,592,330 4-11.5
day-—-——
one
all
Total
32,578,197
1,604,049
Alabama—Birmingham
+17.2
"
145,759,219
days
days
cities
all
Total
1,595,637
87,971,778
9.4
—
143,200,000
2,466,510
Florida—Jacksonville
+ 0.2
+13.2
219,052,734
Bammore--I--II--II--Other cities, five
1,932,657
112,523,116
+
251,739,909
41,461,759
Macon
+ 0.9
—
154,293,142
187.556,373
:
58,372,485
7.3
+
32,427,941
10,990,038
—;.—
Augusta
3.3
222,065,000
-
"■■■'iii
———
.
Tennessee—Knoxville
+10.6
155,000,000
___
III—-
"~~~
382,643,827
423,143,107
"
———
Francisco
fin'n
*
y
rff.ic
o.
3,301,000
48,177,533
+ 10.6
2,377,217
256,312,904
(6 cities)
735,483
747,898
5,524,000
+ 15.1
135,890,144
35,468,238
Georgia—Atlanta
$4,137,825,082
$4,000,517,801
—
Citv
Total
^
-
'
*
4.2
—
74,216,532
2,629.564
126,050,144
Carolina—Charleston
Maryland—Baltimore—;—*
District of Columbia—Washington
Nashville
—-
1941
$
+ 16.6
987,075
5,841,000
85,419,510
RichmondSouth
.
,
,
Clearings—Returns by Telegraph
■
1,150,448
Virginia—Huntington—
Virginia—Norfolk
Sixth Federal Reserve District—Atlanta—
follows:
for the week
11942
■
Dec. %
5,595,000
West
preliminary total
in 1943. At this
Our comparative
week last year.
Our
$9,414,145,549 for the same week
for the week ended Friday of 3.3%
the corresponding
above those for
be 0.7%
'T
March 25
Inc.or
•
f
$
Fifth Federal Reserve District—Richmond-
compared with a year ago. Pre¬
based upon telegraphic advices from the chief cities
the week ended Saturday, April 1, clearings for all
which it is possible to obtain weekly clearings will
clearings this week will
Bank
1943
1944
T
not
was
given
that
clearings
31, 1943, in view of the fact
some
time that the
figures did
correctly reflect business activity, for the reason that
intra-bank items do not pass
through the clearing houses.
Volume 159
Number 4269
-
THE COMMERCIAL & FINANCIAL
Redemption Calls and Sinking Fund
Per
''
Name of Company
Coca-Cola
Bottling
Colorado
Notices
Fuel
Columbia
Below will be found
and
including
those
list of corporate bonds,
notes,
called for redemption,
a
Conn
called
under
1
(C.
Iron
/
Corp.
!
(quar.)
(quar.)...
:
lie
preferred
A
Investm't Managem't
Corp. (s-a)
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
Connecticut
River
Company
Alabama
1st
and Issue—
Great
Southern
mortgage 3'A%
American
'
RR.—
bonds,
series A,
:_May
1
Crown
20-year 6%
inc.
2nd mtge. bonds
Creamery Co.,
l957____„____Apr
28
5'/2s
Cuneo
stock
__May
Ohio
&
Ry.—
gold
due
preferred
dividend
preferred
stock__
dividend
preferred
stock,
Collins & Aikman Corp.,
Income
Florida
Edison
0%
Co.
10-year 3'A %
H.)
Store
Engineers
Apr
15
1144
$5.50
15
1141
$6
May 10
1037
preferred stock
Collateral lien 6%
due
1946
Apr
...
3
Mar 30
stock__Apr
15
1146
May 22
1250
Jun
1
8
Ry.,
1st
tmeg!33AA
bonds
Jun
1st
Corp.,
bonds due 1957——
Street
Union
Process
Reading
Pump' Co.
Reed
(C.
4-29
4-14
5-
4-20
Rhode Island Public Service,
$2 preferred (quar.
_______
(S.
A.)
Shamrock Oil
&
Southwestern
6'A A
Gas
Public
Rubber
Co.
cumulative
Squibb
(E. R.)
&
Superior Oii Co.
Sons,
$4.25
(Calif.), 3'AA
Raalte
Co., Inc.,
30
in
Apr
Belyea,
Life
L.)
977
3
(A.)
Harris
&
Co.,
Hart
1
Hartford
Electric
Hartford
Steam
Jun
1
£ Cooley
Co.
ance
682
we
which
second table
Home
Water
Oil
Honolulu
Horn
4-10
1
Department" in the week when
Interstate
Investors
The dividends announced this week
are:
;!!!'"■ J.---Per
"
When
Payable
3-25
$1.25
.
Furniture Co.,
Home
President
$1.75
pfd.
Corp.
Apollo
Safety Razor
Steel
75c
4-15"
4-
4-15
4-13
1
5-
60c
5
Tel.,
50c
5'A'A
Co.,
$1.75
pfd.
(quar.)—
*68%c
4-
5-
4-
7
1
$1.50
3
1
(quar.)
6-
1
(quar.)
25c
4-
1
4-
Badger Paper Mills, 6A
preferred
Baldwin
:
Rubber
Bathurst
Bel!
Power
Co._
&
Paper,
Brainard
class A
Mills
(quar.)
Carborundum
Case
(J. I.)
Central
Central
1
*$1.50
$1
$1.75
(irregular)
$2
1
3-20
4-15
3-24
3-11
3-17
(reduced
preferred
Central
Investment
Central
Kansas
12c
5-
1
3-31
$1.12'A
4-
1
3-28
.
Corp.
Power, 4%%. pfd. (quar.)
Chain Store Products, $1.50
pfd. (quar.)
Clinchfield Coal Corp., 1%
pfd. (quar.)
C.)
$1
$1.19
4-21
4-
5
(Missouri)
■
Mining
Insurance
&
Bag &
Electric
of
Mo.,
1
3-
Union
Oil
$1.50
6-
1
5-10
6-
1
5-10
2
4-
4-15
3-31
4-28
3-31
1
3-25
8In
5-20
Valve
5-29
5-25
'
8
5'A%
U.
5-15
4-
1
4-13
3-20
3-31
5-
1
4-14
50c
5-
1
4-15
3-31
\
6-1
5-
6
Rubber
prior
-
$5
(irreg.l____
6%
Will
&
(quar.._
5-29
3-24
4-
1
3-22
3-31
3-27
4-
1
3-20
5-
1
5-
1
4-15
4-17
4-10
4-15
5-15
4-29
5-15
4-29
3-31
3-23
5-10
4-10
3-31
3-21
$1
4-
1
3-20
5-
1
4-19
50c
(quar.)
3-10
1
4-15
5-10
$1.25
5-10
4-25
50c
3-31
3-24
_____
*15c
4-15
4-
semi-annually)_______
40c
4-
3-27
4-25.,
1
Corp.—
Candle, 8'A
pfd.
(interim)^—
Wilson-Jones
6-
1
5-
4
Wisconsin Gas & Electric, 4'A'A pfd.
(quar.)
Wood Alexander &
James, 11c pfd. (accum.)
4-13
4-
5
Wrigley (Wm.) Jr. Co
Youngstown Steel Car Corp.
1
4-
37'Ac
$1.12'A
1
5-
1
4-18
4-15
$2
(quar.)^
6-15
5-12
Co.
4
1
5-
$1.12'A
________
Ltd.
(increased
Baumer
4-
4-
37'Ac
(quar.)
(quar.)___
Breweries,
4-11
$1.50
common
1
1
3-28
1
3-31
68%c
1
5-
6-
87'Ac
(quar.)
6-
$1.31'A
...
3-18
25c
(quar.)
1-
'
3-18
1
3-31
$1.12'/a
(quar.)
preferred
Commonwealth
A
1?
4-
10c
.__
Class
4-
25c
$4
$2.50
A
20c
(accum.)___
Light,
preferred
preferred
Western
3-15
15c
Waterbury Farrell Foundry & Machine—
Reduced quarterly
Western
3-24 '
!
Reclaiming Co.—
preferred
Bag Co.,
$4.50
3
1
37'Ac
preferred
Washington Gas
3-20
,
S.
4-
4-10
3-31
4-
50c
—______________
California
conv.
4
37'Ac
Union Stock Yards of Omaha...
United Loan Industrial Bank (B'klyn)______
U. S. Hoffmap
Machinery—
4-20
$ ">
4-
$1
(quar.)
of
4-
$1.25
4-
3-31
3-24
1
4-15
50c
6-1
5-20
15c
3-31
3-25
5-
$1.75
(quar.)
4-14
Field
&
Co.
4-15
3-31
4-15
4-
5
4-15
4-
5
20c
4-30
4-15
weeks and not yet paid. The list does not include divi¬
dends announced this week, these being given in the
62'Ac
(quar.)
50c
10c
(quar.i..
partic. preferred
Corp.
Natural
(I.)
4-15
3-31
preceding table.
1
4-14
35c
Gas
Products
&
(quar.)
(quar.)
Sons,
Co.
(irregular).,
10c
(quar.)
8'A
25c
preferred
5-
4-25
,4-
1
4-10
4-
$1
3-20
3-15
15c
4-13
3-31
50c
(irreg.)
4-15
4-15
3-25
1
4-17
(quar.)
$1.50
(quar.)
37'Ac
4-20
62'Ac
5-
Products,
class
A
B
National
National
Money Corp., $1.20 preferred^.-.
4-20
5-
1
.4-20
3-31
3-20
Newark & Bloomfield RR.. (s-a)
New Bedford Gas & Edison
1
4-20
New England
Light Co. (quar.)
Confectionery
(irregular)
5-
1
"4-15*
5-
1
4-15*
15c
-
4-22
4-
8
25c
4-10
4-
1
1
3-24
$1
4-17
3-31
$1
3-31
3-24
$1.50
W.
Abbott
Properties,
Laboratories,
Abraham
class B
4'A
&
4-
Air
Holders
Payable
of Rec.
30c
preferred (quar.)__
4-
2
3-311
4-15
4-
75c
4-25
4-15
25c
Inc
$1
5-
1
4-14
4-10
3-23
—
3c
4-15
3-31
preference (irregular),
30c
4-17
3-
3
—
25c
4-15
4-
1
4-15
4-
1
(quar,)___
25c
1
25c
Affiliated Fund
Air
When
thare
(s-a)
Addressograph-Multigraph Corp.
1
20c
Malleable & Steel Castings (reduced)
5-
P.
3-31
5-
Comoanies
Per
A.
4-20
50c
common...
Miscellaneous
Name of Company
$2
(s-a)
and
previoui
~
3-31
25c
class
*
Straus,
Adams-Millis Corp.
25C
v.t.c.
give the dividends announced in
8
*
preferred
we
Industrial
3-21
$1
(accum.)-
Below
'
Investors Inc.—
non-cum.
Reduction
conv.
(quar.)
Extra
Airplane Mfg. & Supply__
Alabama Power Co., $5 preferred
Allied
Stores, common
(quar.)
Aluminum Co. of Canada, 5%
American
!_
5c
(quar.)—
$1.25
pfd. (quar.)—
t$1.25
$1.06'A
Airlines, $4.50 preferred (quar,)__
'
4-15
4-20
2'Ac
Ang.) (quar.)
(irregular)
pfd.
4-10
4-15
4-15
1
10c
'
$4.50
$1.75
$5 preferred
1
5-
15c
i
Manufacturing-
10c
5-15
(Los
Paper!-!
Union
Union
4-
3-30
3-30
40c
-Tung-Sol Lamp Works, common
80c
preference
(quar.)
3-23
$1.50
1
1
5-25
$1.75
.
(irregular)
Trust
3-23
-•
44-
25c.
(s-a)_____
Standard
3-28
10c
Munising Paper, common
5'A 1st preferred (quar.)
5%
preferred
3-28
55c
Fund
$1.75
3-31
•
5
6-
50c
...
10c
(initial)
37'Ac
4-15
3-31
50c
Co., $2 class A pfd.
Bond
National Food
quarterly)
(quar.)
Lumber
4-28
'
(quar.)
$1.62'A
(resumed)
Mountain States Power, common
5% preferred (quar.)
3-31
1
(quar.)
(quar.)
Mohawk Rubber Co.
Moore Drop Forging Co., class A
3-10
3-31
common
Minneapolis Valley Canning, class B
Mode O'Day Corp.
(irregular)
4-15*
3-31
4-
1
10c
...
3-25
5-15
10c
Memphis
3-25
5-
4-15
4-
75c
(quar.)
(quar.)
Heel
&
preferred
Middlesex
Miller
3-25
75c
pfd. (quar.)
5'A
3-20
4-10
Torrington Manufacturing
Troy Sunshade Co. (quar.)
Massachusetts Utilities Association—
McCall
6-23
4-
4-15
1
50c
(quar.)
preferred
Corp.
Light Corp
County Gas & Electric Corp.—
Marshall
3-24
50c
—
Co.
*
6-30
Hudson Gas & Electric—
Common
4'A'A
1
3-31
70c
preferred (quar.)..
Process
4-
15c
4-11
1
$5
Tintic
y-
,'!i
4-10
$1.50
"
5-
4-
3-
1
6-15
37'Ac'
common
5-
4-15
4-
25c
(quar.)
Carbon,
Title
30c
Electric
(R.
preferred
3-20
$1.50
7-12
50c
(irregular)
1
—
2-29
7-14
$1,12'A
(quar.)
5-
15c
Extra
3-21
$1.50
Bell
5V*%
3-21
1
17'Ac
Co.
Co., lie
Franklin
1
Sole
Co.,
Manhattan
3-31
44-
Tire
preferred
Mahon
4-28
.
3-31
$1.12'A
(irregular)
6%
1
75c
preferred
Fairbanks-Morse,
6-
50c
Burdine's Inc., $2.80 preferred (quar.)
Burkhart (F.) Manufacturing.!
—__r__
California Electric Power, $3 pfd. (quar.)
Canadian
*25c
$1.75
Steel Corp.
(quar.)
Corp., class A (accum.)„
Callaway
4-15
A
(quar.)
(quar.)——.
Co., 4'AA
4-21
12'Ac
Belt
'A%
Luzerne
4-21
______
.
Bobbs-Merrill
1
Cord
Lowell
3-25
5-
Valley Gas, 6%
&
Inc.
3-31
3-25
Long
4-22
75c
Telephone Co. of Pennsylvania——_
& Stockyards, common (quar.)
Brandon
1
1
(quar.)__
Belt RR.
6A preferred
54-
4'A
Thermatomic
5-10
1
Rubber
Mills
3-23
-
3-17
3-15
35c
(quar.)
4-10
6c
25c
Power, 1% preferred
Inc., common
Textiles,
*5c
Electric
3-17
$1.75
_
4-
&
3-31
15c
.!___
1
3-30
$2
V
;
5-15
1
31'Ac
(irregular)
5-15
1
5-
Telluride
4-14
'
"
3-20
1
6-
5-
Union
(quar.)
1
6-
37'Ac
20c
20c
preferred
4-
31'Ac
(quar.)
37'Ac
25c
(quar.i______
3-22
3-22
$1.75
class A
6-15
50c
(quar.i_.
3-28
3-28
common
Taylor-Colquitt Co.
3-24
66c
-
(quar.i.
37'Ac
,!
$1.12rA
4-14
1
25c
7
62'Ac
*17'Ac
1
Co., 4'A%
$1.75
class A
6-10
common
30c
(accum.)
3
25c
40c
(quar.)
(quar.
A
7-
! 37'Ac
(quar.)
Water, 5(A pfd.
12c
1 quar.i
Thrift
5-15
*$1.75
preferred (quar.)
4-10
■
Atlantic Rayon Corp., $2.50 prior pfd.
(quar.)
Thrift Plan Corp., 7%
pfd. (quar.)—
Atlas
1
54-
4-13
6
3-30
4-17
5-
20c
Oil
Susquehanna
5V'
4-15
$1.75
Long-Bell Lumber (Maryland)
5-5
20c
25c
Co.
Fisheries
4-25
4-
1
4-19
4-29
1
preferred (quar.)^-,.!
Superheater company (quar.)___
Super Mold Corp. of California (quar.)____
4
5-15
5-
5-25
Canada—
6'A
4-25
1
Gas
Paper,
Sun
4-15
4-20
5-15
6-
preferred (quar.)___
Machinery Co. (irregular)
Sun Ray Drug Co.,
5-
4-30
$1.25
(quar.l______
3-27
4-17
Link
4-15
6'A
Co.
3-31
$1
common
7%
Company
iA.)' &
4-14
5-15
3-29
75c
Products
4-15
5-15
3-28
'
1
.*22c
(quar.)___
(quar.)__i
5-
5-
Lima
3-28
5-
Strathmore
4-15
$1.75
.3-25
4-
31'Ac
5-
3-23
1
12'Ac
Lee
4-11
4-1
50c
1
5-
75c
(quar.i
preferred
Bryant,
of
3-23
3-31
4-
20c
(quar.)
$1.75
preferred
Lebanon
5
4-29
4-
75c
Co., $6 partic. pfd.
Lawrence
4-21
5-31
,
Stein
Lane
5
25c
.'
Telephone Co., Ltd., $1.25 pfd. (quar.)
Atchison Topeka & Santa Fe
Sewerage
5-15
50c
com—1
*
4-25
Kobe, 6'A preferred A (accum.)
Krueger (G. Brewing Co. (irregular).
4-14*
4-15
1
$1.25
Keyes Fibre Co., 6yA prior pfd. (quar.)_!__
Knudsen Creamery Co., common...
4-15
4-15
$1.25
__
:
_
Co.———
City
i
Lane
Assoc.
Atlantic
n
4-29
►
20c
Arrow-Hart & Hegeman Electric
Atlantic Coast
.
1
$1.75
(quar.)—,
(monthly)
(quar.)
American Smelting & Refining
7A
1st preferred (quar.)
Anglo-Canadian
5-
5-
8
$1.50
4-10
4-10
62'Ac
Sullivan
(quar.)
7"A-preferred
conv.
Standards
1
1
1
3-31
$1
prior preferred-(quar.)____
Brands, $4.50 preferred (quar.)_>.
Standard
1
55-
15c
(quar.)________
common
4
$2.50
preferred
Southwestern Life Insurance (Dallas)
Insur¬
Kerr-Addison Gold Mines_
Lines—
preferred
non-cum.
American
7%
Products
4--15
-
25c
Manufacturing Corp.--—
American
5%
of Rec
3-31
thare
Engineering, 5A pfd. (quar.)
""$1.25
All-Penn Oil & Gas—™.~~SlbaAmalgamated Sugar, 5'A preferred (quar.)__
,
12'Ac
American
3-31
3-31
4-
3-28
4-20
(quar.)
(quar.)___
Southern Franklin Process
(irregular)
7% preferred (quar.)__
Southwestern Engineering
4-
10c
8
$2
Power
Co.
California
4-15
$1.62'A
4-
5-10
$2.50
preferred
4-15
40c
Y.)
••
(s-a)A_
Stahl-Meyer, $5
quarterly)
(quar.i
Participating
Kennedy's Inc.,
Holder!
Standard
(quar.)_—
Kendall
&
Co;,
AAA
preferred
6'A
60c
(increased
Mills,
Corp., 61o
*15c
&
(N.
preferred
Judson
Industrial and Miscellaneous Companies
American
lie
Southern
683/4C
&
Ocean Telegraph (quar.i
Bakeries, $5 preferred (accum.1
Mortgage (Bridgeport) —
Common
11c
Corp.
4-15
4-
25c
participating preferred (quar.)
Bleachery & Print Works—
•
(quar.U
Internationa!
Central
5-
3-31
6
Southern
4-15
50c
common
Finance
Hardart
$1.50
.»
4-10
!
(Boston)
3-31
4-15
4-
50c
(quar.)
1%
r- $1
Power
3-31
4-15
*25c
preferred (quar.)___
Sioux City Stock Yards, common
3-25
35c
Light & Power, $4 pfd. (initial)
Huyler's, $2 partic. conv. 1st pfd. (accum.)^
declared.
Petroleum
>
3-22
(quar.i..
preferred
*$1.50
Products
and
American
1
4-1
4-
Gas
Sherwin-Williams
3-23
4-10
3-27
Houston
Amerada
3-28
4-24
Inspection
3-23
preferred
conv.
5'A
7
4-24
Ltd.____.
Honeymead
given
Corporation
Company
4-
1
preferred (quar.)
preferred (quar.)
preferred
ord of past dividend payments in many cases are
under the company name in our "General
Name of
6%
4-10*
1
conv.
Light
1
4-15
4-
25c
.
Cement
Bank
Shawinigan Water
4-20
4-
National
Sherwin-Williams
1
preferred
Holyoke
in
show the dividends previously
announced, but
which have not yet been paid.
Further details and rec¬
Aetna
1
5-
4-17
*50c
(quar.)
Holly Sugar Corp. common
11c prelerred (quar.)
we
Investment News
3-10
5-
...
Boiler
7
3-10
20c
Portland
Shamrock Oil &
of Canada—
11,
7
4-
Distillers
3-23
5-
(ouar.)
Company,
5'A
a
Cruz
3-20
,
$2
(quar.)___
conv.
Higbee
follow with
we
4-20
40c
Hat
grouped in two separate tables. In the
bring together all the dividends announced the
Then
1
1
...
Brewing Co. (irregular).
Corp. of America, 6'A'A pfd. (quar.)
Hercules Powder, 6It
preferred (quar.)
Hershey Chocolate Corp., common (quar.)__
issue.
are
current week.
1
4-
$1.50
(quar.)
(accum.).
1
$4
first
4-
50c
—1
—
(quar.)
preferred
3-20
$1.25
Ins.. (Texas)
4-
4-15
(quar.i
Corp.
Schulte (D. A.) Inc., conv.
preferred
Convertible preferred
(accum.)
3-17
$1
1st preferred
Halle
DIVIDENDS
Dividends
3-17
25c
preferred
61c
5-
$1
—
$ebs. due 1950—-Apr 24
first preferred stock
this
Schenley
50c
Harvard
"Announcement
Santa
3-27 !
15c
Co
5'/■
H.),
Quarterly
Brothers, $2.40
i
;
.—
conv.
.
&
(H.
71c
1290
1
preferred stock
May
debentures due 1956——May
Universal Pictures Co., Inc., 5A
Van
A
stock
3-21
1
$1.25
pfd. (quar.)
preferred (quar.)
conv.
(initial)
Guardian Realty Co.
Apr
Co.—
preferred
1
4-
^
1
75c
Worsted
Southern
Green
1290
1
(P.
4-15
$1
5.'A
preferred
(quar.)._.
Sangamo Co., Ltd
1
4-
Guaranty Co. of North America (Montreal)—
Corp., preferred stock
Service
Great
Jun
—
3-31
-
4-
10c
Gerrard
bonds, series A,
_____
Common
$1.50
Corp.
&
1
3-20
4-15
*$1.37'A
Second
(quar.)
1961
4-15
8c
(quar.)
(quar.)
due
(quar.)
1
Tire
5-
Shipbuilding—
7
General
4-20
4-15
$1.75
4-
Oil, 6%
1
1
5c
4-
common
-May
preferred
&
3-30
55-
15c
common_._^_^______
4-15
American
4-13
4-10
$1
4-20
Industries Co., 5%
Mills
(quar.)_
3-31?
5-11
50c
2c
common
——.
4-20
1
■
;
4-25
(quar.)
25c
A
__
5-
Seaboard Commercial Corp., common
(quar.)
5%
preferred A (quar.)__i.-^__-_____
!■
B
Works, 1st mtge. 3%%
1
4-15
50c
Class A
2-19
Class
1956
1
6-
5-15
(dccum.l.
A
3-22
General
bonds, series C,
4"
6-15
5c
1
General
1044
4-15
.
4-3
25c
1
General
4-20
$1.50
Gardner-Denver
1288
1
4-29
^
1
conv.
5-
$1.50
3-
$3
4-15!
4-10
4-12
(quar.i.
Dry Dock
4
1
1
(irregular)
CO,,
4-
55-
15c
4-
Garrett
4-15
Map (quar.)___
Diego Gas & Electric—<
$1
$2
Co., common
preferred (quar.)
3-25
4-13
$1.25
$2
Class
Jose Water
4-15
1
25c
75c
Gordon
due
1
■■■••
...
1
San
5-
4-
4-29
$1.25
....
Paper
preferred
5'A%
San
4-15
$1.10
4-
1
mtge. 4'A A
9-16
4-10
4-21
1
75c'
.
(accum.)____
preferred
St.
John
4-29
5-
2'Ac
50c
29
gen.
A.), $2
Typewriter
$1.50
8
(irregular)
Raisin
1
4-
$1.83'A
(quar.)
River
4-15
1
Sanborn
(s-a)
Glatfelter
Republic Steel Corp.,
Co.
6-16
1
10-
$2.50
(quar.)
Goodall
-May
7-
preferred
Royal
11,
Shares...
1
-Apr
1st
9-16
(Syracuse,
prior pfd. (quart)
1
__________
61c
5-15
.
$1.75
-May
-___—
5-29
5
5-
25c
Reda
10-, 1
4-
America
6-14
____—
Depot
Co.
of
6-14
3c
1
$1
Radio-Keith-Orpheum, 6% preferred (quar.)
Railway Equipment & Realty—:
Cleaning & Dying—
Fund
Metals
$1.37'A
$2.50
5 A- collat. trust bonds due 1957___
-May
Philip Morris & Co., Ltd., Inc., 3'^debentures due 1962 .May
3 A debentures due 1963_-^___
Pittston Co., class A preference stock_____
Pressed
6-14
15c
3-20
5-
$1.75
3-25
(quar.).!
common
1
32'Ac
class A
4-15
Giddings & Lewis Machine Tool Co
Pacific Electric Ry.,
1
3-31
4-
*70c
(irregular)......
Portland Gas Light, $6
preferred (accum.)__
Powdrell & Alexander, Inc.-.
3-31
1
3-28
3-31
50c
preferred
preferred
5c
(semi-annual)
Trust
$5
$1.25
10c
3-28
1
Manufacturing Co.
37'Ac
$1.75
1
4-
30c
(quar.)...
.......
3-28
4-
40c
(accum.)
(quar.i....
pfd.
(accum.)______l_.
61c
Co.,
Pollack
1
4-15
$2
Fricfc Co., 61c preferred (quar.)
Fulton Market Cold Storage, 81c pfd. (accum.)
Fuhrmann & Schmidt Brewing Co. (irreg.)
1041
.!.!;!!!;;..•"
mortgage & lien 5'/aA
4-
Pittston
3-31
4-15
4-
15c
&
Phillip-Jones, 7%
l"5
3-31
4-15
4-15
Ltd.—
$1.50
$5
Brothers, $4 non-cum! pfd. (quar.i..
Paper, 6'h preferred (quar.i
Franklin
1043
.
4-15
,
Products,
Mutual
Fort
937
New York Dock Co. convertible 5 A notes due 1947_____Apr 11
Niagara Share Corp. of Maryland, 5'A A debentures
Apr 24
Co.—
4-18
-
1288
Gas
United
Fisher
1041
1
North Penn
4-18
1
$3
Flambeau
dated
__
1
5-
1
1
1
$1.50
Enterprises Consolidated—
shares
(reduced)_
,
American
4-
5-
$1.25
____._i.___
preference
Mines
4-15
5-
(irreg.).
common
Pennsylvania Power, $5 preferred (quar.)..
Philadelphia Electric Co., 4.4'A pfd. (quar.).
3-28
...
preferred (quar.)
First
5-
$2
$2.50
15c
________—
Fibre Board
1148
Macy (R. H.) & Co., Inc., 2'A% debentures due 1952___May 1
Marcy, 1st mortgage leasehold 6% bonds due 1950_.
Apr 19
Mayflower Hotel Corp., 1st mtge. 51cbonds due 1950__May 1
McCrory Stores Corp., 3'A A debentures, due 1955—___May 1
Metropolitan Playhouses, Inc., 5% debentures due 1945__Apr 17
Minneapolis & St. Louis Ry., 4% gen. mtge. inc. bonds_^May 1
Transfer
Fenton
1
75c
...
(quar.)
Quarterly
936
bonds dated 1909____July
1
Day Line. 1st mtge. 6s, due 1946
May 31
5% bonds
__Apr
8
due 1959
May 1
Liquid Carbonic Corp., 4'A A preferred stock, series A__Apr 15
___;
3-18
'
Y,)
11,
River
1936
6-
conv.
Patino
4-10
433/4c
preferred
preferred
preferred
N.
Co.—
bonds, due 1945—__
6-15
Crush,
'
5
25c
Parke, Davis & Co.,
4-20
3-31
(quar.).....
Farmers ,& Traders Life Insurance
935
Laclede Gas Light Co. ref. & ext. mtge.
Litchfield & Madison Ry., 1st mtge. 5s,
Minnesota
6'fe
1
4-20
pfd. (quar.)
(initial)
(quar.)___.__u
Falstaff Brewing
1037
11-15
5-
25c
Corp....
7'A
11-25
25c
(quar.)____!
Buffet
(The),
5-15
4-22
$1.75
Pacific Portland Cement, 6'A%
pfd. (accum.)
Pacific Public Service, $1.30 pfd.
(quar.)
Park Chemical, 5'A
conv, preferred (quar.
4-10*
5-25
10c
Service,
preferred
4-18
10c
4-
5-10
37'Ac
Insur., (Spokane) (quar.)
(irregular 1
Filters, class A (quar.)_
Co.
of Rec.
4-15
Title
United
70c
25c
(quar.)....
conv.
Public
Exchange
-
Hawaiian Irrigation Co., Ltd.-, 6%
Hudson
4
Telephone
Oil, $1.50
Gear
Oliver
4
4-
$1.12'A
preferred
Stores
preferred
Fair
Co.,
Products
4-
1
(quar.)____
Duro-Test Corporation
York—
debentures
1
Rockaway RR. (s-a)
Apr
Inc., 5% conv. preferred
Fruehauf Trailer Co.,' 5 "A preferred stock
Grocery
5;
Eason
Corp,—
__
..
1st mortgage 4 A bonds, series C, due 1966
(M.
Home
1144
;__!____
New
Oil
3-31
5-
37'Ac
conv. prior
stock
State
Dixie
1144
Power
Fishman
Diamond
Dover
1144
15
—.—
conv.
of
4-15
5-
•
1
Apr
$5
Consolidated
Mfg. Co., $6
Tramway,
"!•!
Apr 15
•
^
stock
$6
5-15
Holders
$1
(quar.)
(quar.)
37'Ac
(extra)
Telephone,
preferred
preferred
37'Ac
(quar.)..
Stores
Ohio
5'A
61,
______
Corp.____l.i'___'.--____.__._
debenture
Denver
A, due 1952 „_Apr 15
!v',
1949
Northern
_
Payable
_
(quar.)
Gas, 1% prior preferred (quar.)
Northern Illinois Corp.,
common...,...,
$1.50 conv. preferred (quar.i...
1
'
10c
preferred
4-
(quar.)..
(irregular)
RR.
Co.—
When
thare
>
i.z,
Penn
Orange
A
Railway
3-25
T
1
6-
$1
,_
Detroit-Michigan Stove
.
ser.
Light Co.—
debenture
dividend
$7
class
Co., Inc.
Clinton
Oil
Rock
81c
836
1
'
\
bonds, series D, due 1996___May
Ry., 1st mtge. 5'As,
Cities Service Power &
5'A 1o
■
mtge. 3'A%
.......
common...!...
Press,
Dennison
1
Ref. & impr.
Seal
Port
preferred
Cunningham Drug
1
Cincinnati Street
preference
&
5
4-15
Industries—
:
4'AA
Deep
Canadian Canners, Ltd., 1st 4s, series A, due 1951
May
Canadian Pacific Ry., 5'A coliat. trust bonds due
1954__Jun
Chesapeake
&
4-
10c
5
* *»«r
••
(irregular)
Western
Northwestern
Heating Co
929
1246
___May
1st mtge.
due
$4.25 preferred
Cork
3-25
10c
1
3
Realty Co., Inc.,
Bayway Terminal Corp.—
v
partic.
5
Auction
&
Adj.
North
3-24
4-
4-
$1.50
(quar.
Culver
1957
Beatrice
B
$1.50
due 1967
Apr
Store
Chemical
Class
Chemical Corp.—
debentures, due 1949—__________
Associated Chain
due
Consolidated
Page
Car
'
Co.—
(quar.)
Consolidated
I.-G.
„5conv.
•
Date
preferred
3-31
4-15
$1.75
(quar.)___._.
Connecticut
61c
3-30
9c
York
Norfolk
3-31
10c
The date indicates the redemption or last date for mak¬
Power
5-10
1
4-15
$1.50
,___
.
,k Name of Company
>
,
New
.
1
'
>"
3-30
5-27
4-
25c
<quar.)„.___
(quar.)..
'■
■,
,
$2
________
^
'«
^jpf Rea,
4-10
25c
.
___,
1385
H older t
Payable
,
50c
_
G.), Ltd., common
preferred
When
thare
«■*
-
Y.)__
(irregular)
Bookbinding (irregular)
61c
sinking fund provisions.
(N.
Inc.
Commodity Corp.
stocks
common
&
Mills
Commercial
preferred
CHRONICLE
25c
4-30
4-15
1
4-15
5-
4-20
5-
1
4-15
3-31
4-
4-
5
4
ij
/
Monday, April 3, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1386
i
American Air
Filter,
(quar.)
common
American Alliance
.
Telegraph (N. J.)—
_
^1.25
$1.75
$1.15
pfd. A (quar.)
(quar.)
(quar.)—
Fidelity & Casualty Co. (quar.)—
7%
American
'American Fruit Growers—*
Service
American
preferred (quar.)
Refining, 1% pfd.
American Telephone
Co.
(Abilene,
(quar.)
preferred
4-10
3-31
(quar.)—
Kan.)—
& Cable——
Wire
Anaconda
Extra
Common
7C
"c
7c
4 _25c
—
——
(irregular)
Bankers (Trust Co. (Detroit, Mich.) -Increased semi-annually——,
,
(quar.)^—
——
of Canada (quar.)—.—
pfd. (quar.)—*.
Nat'l. Bank (Bklyn.) <quar.)__*
Saco Water Co. (quar.)—
preferred
$4.25
& Hedges, $2 conv.
Eensonhurst
Biddeford &
Hats
Biltmore
Blaw-Knox Co.
.
Ltd. (quar.)
(Irregular)—
Extl.a
'
+.****
pfd. (quar.)
Ltd—-
Brantford Cordage Co., Ltd., $1.30
Distillers of Vancouver,
&
Extfcl
.-r•
Bridgeport Hydraulic
(increased quar.)——
Ordinary shares (final)
Ordinary shares (interim)
^
2nd preferred
(quar.)——
California-Oregon Power, 7%
preferred
6%
(quar.)—
*!_*_„
(quar.)*
pfd.
preferred (quai^)— *
preferred (series 1927)
6%
Common
;
—;
Canada Northern Power, Ltd., com. (quar.)j
1% preferred (quar.)'
(quar.)**
7%
7%
(quar.)
Shares, Ltd.
Marconi
Co.—
—_
(annual)—
Corp.,
—
Steel
common
&
Wire,
Chesapeake-Camp
5%
common
(quar.)
(Irregular)
preferred
Chemical Fund
Corp.,
*
*—
(irreg.)—
common
preferred .(quar.)
Chicago & Eastern Illinois RR.—
Class A (irregular)
(quar.)
Quarterly
5%
.*___
Orl.
New
&
Texas
preferred (quar.)
_
preferred (quar.)
5% preferred (quar.)
Cities Service Power &
Light, $7 preferred—
preferred
$5 preferred
City Baking Co., 1% preferred (quar.)
$6
**
—
Title
Cochenour
Cockshutt
*
5
3-13
4-15
3-23
1
4-14
6-30
6-30
preferred (quar.)***
—
Emerson Radio & Phonograph (quar.)
4-20
4-10
Empire Trust Co.
4-15
3-31
Erie
5-
4-10
4-
4-29
Insurance
Eversharp,
Plow
Co.
4-25
1
4-10
3-31
$5
3-20
$5
_____
(s-a)
Co.,
common
(quar.)
Federal Services Finance Corp.
4-15
3-20
5-20
4-20
5-20
4-20
4'/2%
*4- 6
4-
6
3-
1
4-
6
3-
1
$7
preferred
7%
4-
4-15
1
4-
6-
1
5- 3
6-
5-
5-
3-11
-29
5-15
6%
5%
preferred series A
Florida
preference
Columbus
6(4%
4-15
-31
4-20
3-31
General
3-15
4-15
3-31
4-15
3-31
4-29
3-31
4-29
3-31
t$1.75
*$1
4-15
3-15
5-
1
4-29
6.
1
4-15
4-10
1
4-14
1
4-14
4-15
3-31
1
4-10
I2V2C
25c
37y2c
$1.25
15c
75c
6c
25c
$1.25
5-
5-
4-
4-14
1
3-20
3-10
3-31
1
4-20
4-20
1
4-15
3-31
(4-14
6-14
10-14
9-14
Electric
$l>/4
$1(4
6-
1
5-15
9-
1
8-15
$1(4
$2,022
$1,733
12-
11-15
_
Alcohols
preferred
Commonwealth
Ltd.,
common
(quar.)
& Southern
Corp.,
Confederation Life Assurance
$6 pfd.—
(Toronto)—
;_*_
Quarterly
Quarterly
Quarterly
Concord Gas,
7% preferred (accum.)„
Connecticut Investment Management (s-a)
Great
6%
Great
Consolidated
Consolidated
Edison
(N.
Y.),
$5
pfd. (quar.)
1
11- 2
4-11
3-11
5-15
4-20
5.15
4.20
$125
5-15
4-20
5-
1
4-15
Laundries, ,$7.50 „pfd. (quar.)*
4-15 *'
4-15
4-
5
5
4-23
preferred
Kidde
(Walter)
"
"
Western
Sugar,
Griesedieck
conv.
(quar.)
4-29
4-
$1.50
—
3-31
4-25
4-14
100%
dividend)'
(stock
2nd
4-25
4-10
4-15
3-15
La
4-15
3-31
Landis
7%
Machine,
Common
3-31
4-15
preferred
5-
1
4-
6
1
4-
6
7%
4-15
4-
5
7%
6%
1
6-
5-17
9-
1
12-
1
11-16
4-
3
Class
8-17
3-14
4-15
4-
4-
3
6-30
6-15
Leland
9-30
9-15
Lehman
12-30
8-15
8-11
5-
4-
1
5
9-
5
12-
5
50c
4-15
3-31
6c
4-15
3-31
(quar.)
—J
5%
B
3-31
>3-31
3-22
—
preferred (quar.)
Hart Schaffner & Marx, new com. (initial) —
Hibbard Spencer & Bartlett Co. (monthly)—
Holly Development Co. (quar.)
Oil Co.,
Horder's
Inc.
Ltd
—
Household Finance Corp.,
.
common
(Del.), class A (quar.)
Tel.
&
Light & Power (monthly)
Common
(monthly)
Lord
4-15
6-
1
5-15
6-
1
5-15
7-
1
6-15
10-
2
9-15
6-25
9-30
9-25
7%
12-31
12-25
7%
5-15
4-29
4-15
4-
1
7%
Huttig Sash & Door Co.,
6-30
$$1.50'
preferred (quar.).
preferred (quar.)
Illinois Central RR.
Leased Lines,
4%
pfd.
gtd.
(s-a)
Investors
5-
1
3-31
Incorporated
$1.87y2
5-
1
4-15
Indianapolis Power & Light, com. (quar.)
1
4-20
1
4-25
1
7-26
1
10-26
50c
_*
4-10
3-31
3-31
8-
11-
4-10
4-10
3-31
25c
4-15
3-31*
*
Co
2nd preferred
5%
MacAndrews
1
4-15
4-15
3-31
4-25
3-10
5-
4-
4-15
6%
Macy
1
4-10
4-20
6%
5-
6%
4-10
1
4-
4-20
4-15
5-
1
3-31
5-
1
3-31
5-
1
4-20
5-
1
4-
4-25
3-31
4-15
3-31
4-15
3-31
$2
(extra)
1
$i.62y2
10-
2
9-20
1-2-45
12-20
75c
4-15
3-28
35c
4-15
3-31*
(accum.)
common
4-25
50c
5-
5
8-
4
11-15
11-
3
4-15
3-31
4-
7
3-28
25c
4-
4
3-31
50C
4-15 <h
3-31
25c
4-10
3-20 '
37y2c
4-15
3-31
tl7'/2c
4-15
3-20
ii7y2c
4-15
3-20
37y2C
4-15
3-31
19c
4-20
15c
lc
$15c
$1.50
$1.75
$1.50
$1.75
$1.75
$1.75
$2
*
4-13
3-23
common
-
3-20
McClatchy
3-20
preferred, (quar.)
7%' preferred
(quar.)*'*—1
McColl-Frontenac Oil Co., Ltd.—
3-31
3
3-
3
4-
3
3-
3
4-.
3
3-15
4-
3
3-15
5-
1
4-15
McLellan Stores,
(quar.)—
—
8-31
11-30
L.
3-31
4-20
4-
4-15
$1
4
15c
5-
1
4-10
$1.50
5-
1
4-10
12i/2C
4-15
*
preferred (quar.)**
Dredging Co. (reduced) *•__.*—
Acceptance Corp. of California—
v
—
1
5-
$1.25
—
—
—
■
4-15
i$1.50
(quar.)**
common
3-31
5-31
C
43 %c
—
McCrory Stores, 5% preferred (quar.)
McKesson & Robbins, Inc., $4 pfd. (quar.)
6%
4-15
1
preferred
43%
43 %c
7%
6%
«
—
preferred (quar.) '
Newspaper, 7%
4-15
4-
.
7%
-
4-
1
25c
6-
5
6-
1
25c
9-
5
9-
1
30c
6-
5
6-
1
30c
9-
5
25c
4-10
3-27*
25c
4-15
4-
5
25c
6-12
6-
2
25c
McWilliams
9-12
9-
2
Mercantile
1
.
>5-15
4-15
3-31
5
3-27
4-
3-10
3-
1
4-20
4-
6
4-15
3-31
5
4-25
5-
4-28
4-18,
4-25
3-31
6-15
5-10
1
4-15
$1
$1.25
30c
—
:
(quar.)—*—
(quar.)
preferred B (quar.1)
Maryland Drydock Co., common
Massachusetts Investors Trust (irregular)
34%c
*$1.25
20c
40c
Tel,
.
—
(quar.)—
4-15
1
8
5-15
8-15
50c
Maritime
5
3-
50c
3-31
4-
3-31
6
$1.50
(quar.)
4-10
5-
5
4-
$1.50
(quar.)
4-25
6-
$1.50
$1.75
&
4-
50c
$1.50
Oil Corp. (quar.)
Marchant Calculating. Machine
Tel
3-31*
4-15
$1.50
•
—
Margay
4-10
6-20
7-
(quar.)
preferred
conv.
12-
$1.621/2
Manning Maxwell & Moore
Manufacturers Trust Co. (N. Y.)
1
-
1
11-20
Brothers
Man del
5-15
8-21 *
$1.62 y2
;•
C.), $2 preferred A
(R.
11-20
$1.25
(quar.)
par)
& Forbes,
preferred
Ivlahon
3
1
3iy4c
(Ky.), common
($25
Magnin
3-31
8-21
12-
25C
(R. H.) & Co. (quar.)
(I.) Co., 6% preferred
preferred (quar.)
1
5-
1
37'/2C
preferred (quar.)
Macmillan Co.
-
9-
—
(quar.)**.
6V2% preferred (quar.)
Lyon-Magnus, partic. class A
3-31
4-15
5-20 ;
1
$1.25
6V2% preferred
3-31
5-20
1
9-
25c
preferred ($100 par) (quar.)—
Lunkenheimer Co., 6V2% preferred (quar.)**
3-31
1
6-
—
preferred (quar.)
preferred
6-
25c
5%
5-29
4-15
.
$1.25
—
'
4-15
3-15
4-17
5--JU.
$1.25
^
preferred (quar.)
Louisville Gas & Elec.
3-31
4-16
6-10
4-12
.$2,..,
(quar.) —
Participating
5-22
4-30
3-27
4-10
w
8%
&. Taylor,
4-15
1
50c
20c
Aircraft Corp
Gas
5-
$1.12 y2
(quar.)
preferred A
Star
5%
5
4-15
3-31*
4-10
3-20
5-10
4-20
5-
1
4-30
5-
1
4-30
6-
1
5-16
6-30
6-20
9-30
9-20
12-30
12-20
preferred (quar.)——
5%
preferred (quar.)****—****_>_**_*
6.%
preferred (quar.)—*
—
6% preferred (quar.)**
Miami Copper Co
*
Midwest Piping & Supply (irregular)
1*__
Miller & Hart, $1 prior pfd." (irregular)
$1 prior preferred (irregular)—*
Mississippi Power & Light, $6 pfd. (quar.)—
Missouri Gas & Electric Service
*
5%
Mohawk
7- 1
6-10
Rubber
—
.
Montreal Telegraph (quar-.)**
Motor Products Corp.
Diablo
Oil
5-
1
4-
5
3-22
50c
4-15
3-25
$1.75
4-15
4-
4-15
4-10
$2.25
6-
1
5-10
$2.25
6-
1
5-10
$2
6-
1
5-10
$1.50
5-
1
~
$1
5c
,
1
4-11
3-20
-50c
4-15
$37c
4-30
3-31
J48c
4-15
3-15
50C
—
4-15
$1.75
4-15
4-
-
3-20
5
\
Mining & Development—
6-
Quarterly
3
*
20c
4-29
3-22
Mountain States Tel. & Tel.
30c
4-15
3-31
Murphy
(G. C.)
1
4-15
$1.50
*—
*
9-
.
'
Monongahela Valley Water Co.—
7% preferred
(quar.)**
Monroe Loan Society, class A (quar.),
Monsanto Chemical Co., $4.50 pfd. A (s-a)_
$4.50 preferred B (s-a)*—*
:
$4 preferred C (s-a) —*—
*—
Montana Power, $6 preferred (quar.)
Montgomery Ward, common (quar.)
Class A (quar.)***,
——
Montreal Light Heat & Power Consolidated—
Quarterly
Mount
Co.—
$1.25
5-
~
$1.25
Participating
3-31*
(quar.)**
*
3-31
5-
87»/2c
preferred (quar.)
Refining Co. (quar.)
5%
4-
6% pfd. (quar.)—
4-20
4-15
25c
preferred (quar.)
Participating
*4-21
5-
30c
Hummel-Ross Fibre Corp.,
1
5-
$1.30
(quar.)—
5%
4-15
4
5
4-
Longhorn Portland Cement-r-
6-23
6-30
4-15
—
(quar.)
7% preferred (quar.)
$6 preferred
3-24
6
4-15
$1.12y2
Oil
4V2%
25c
r.
4
5-31
6-15
4-
30c
Lone
27c
(quar.)**-
6-14
30c
Lockheed
5-
*;
1
30c
4+ 5
-
preferred (quar.)__*_;
Houston
7-
62y2c
common
4-20
4-26
—
(quar.)
Houdaille-Hershey, class B
4-14
*
;
Tel.
Class
4-
1
30c
(quar.)
Quarterly
Quarterly
Lincoln
3-31 ;
4-24
5-
$1
(quar.)**
4-15
22c
50c
Quarterly
1
6-15
25c
(quar.)
preferred (quar.)
Lexington Telephone Co., 5.2% pfd. (quar.)*
Liberty Loan Corp., $3.50 pfd. (quar.)_*i—_
Lincoln National Life Insurance (Ft. Wayne)—
,
6-
9-15
12-15
(initial)*
Corp.,
;
75c
*
Corporation
Stores
4
$1.75
4V2%
«
11-
$1.75
Electric
Lerner
12-15
5
11-15
$1.75
(quar.)
Portland Cement, common
preferred (quar.)
4%
4
5
8-
25c
Lehigh
3
4-15
Mines
Luz
45-
8-15
*
(irreg.)
B
4-15
5-15
25C
(quar.)
preferred
6%
La
25c
25c
(quar.)**
(quar.)
(quar.)***
*
(quar.)**
Langendorf United Bakeries, class A
Refractories—
(quar.)*
preferred
4-15
Liquid Carbonic Corp.—
10c
Harrisburgh Gas, 7%
3-29
1
5-
SI.75
*___
$1 pfd.
common
preferred
preferred
preferred
7%
3-31*
5
75c
—
4-29
t2c
(quar.)
Common
5-
4-
(quar.)
Plant Choate Mfg.,
3-31
,'10c
(quar.)—
(quar.)*.
preferred
4
4
4-29
4-15
15c
Kroger Grocery & Baking Co.—
Brewery—
Western
3-25
4-
Mining (s-a)—
4-19
50c
common
4-10
25c
common
preferred
6%
<te Co.
Lake Gold
Kirkland
5
4-
4-20
12VzC
(quar.)
Utilities,
Kentucky
3-21
4-10
$1.25
& Supply,
Kellogg Switchboard
4-15
20c
50c
22c
preferred (quar.)
*
(H. L.) Co., Inc. (quar.)—
Greenfield Gas Light—
6% non-cum. preferred, (quar.)*
5%
lOc
4-
Lion
*35c
7%
1
12-
'
5
12-
;_*;
4-19
$1.12y2
7%
4-
3
3
9-
12-15
15c
Corp. (quar.)
(James R.)
3-21
4-17
6-
9-15
(quar.)
Stores
KellOgg CO.
4-15
Power,
4-15
4-10
75c
1
*$1.75
*75c
*75c
50c
$1.75
50c
Lakes
Harbison-Walker
5-15
*$1.50
4-
preferred (quar.)**
West Saddlery, 6%
1st pfd. (quar.)—
2nd preferred (quar.)
*$1.50
_________
4-15
25c
4-15
1
$1.25
Kearney
(quar.)—
Co. (N. Y.)
Insur.
4-20
5-10
*5c
1
4-10
(irregular)
4-25
6-
*10c
3-15
4-
4-10
1
5-
6-15
15c
Kaufmann Department
4-15
>
9-15
1
20c
(quar.)
__*1
3
10-
15c
—
_T.
Quarterly
4-is
American
5y2%
4-15
4-
Quarterly
Furnace
&
4-26
common
Guaranty Trust Co. of Canada
Hall (C. M.) Lamp (irregular),
Hammond Instrument (quar.)
4-15
5-15
(quar.)**
15c
3-28
Great
4-15
1
Co.
4-
4-15
Co.—
preferred (quar.)
Commercial
8%
_
Ohio
Stove
37'/2c
Green
5-
$2.95
Vegetable Parchment Co.
—
3-14
7-14
1
6
Allegan & Grand Rapids RR. (s-a)-
Kalamazoo
Great
5-
3
1
.
4-15
5-
4-
5-
Kalamazoo
3
9
4-17
1
4-
4-15
—
4-20
5-
Co.,
Capital Corp.
5-
3-
3-28
4-
6-
3-31
4-10
$1.06 y4
6
4-15
15c
26c
General Electric Co. (quar.).
35c
General Finance Corp. (quar.)
5c
General Foods Corp. $4.50 preferred (quar.)
$1.12y2
General Investors Trust (Boston)
(irreg.)—
6c
General Motors Corp., $5 preferred (quar.)*
$1.25
Gillette Safety Razor (irregular)
20c
General Steel Wares) Ltd., ccm. (interim)
$25c
7% partic. preferred (quar.)*.*—
*$1.75
Participating
—
*44c
Genesee Brewing, common (annual)*
25c
Gillette Safety Razor, $5 preferred (quar.)*
$1.25
Gimbel Brothers, common (increased)
25c
$6 preferred
(quar.)
—
$1.50
Golden State Co. (quar.)
20c
Gotham Hosiery, 7% preferred (quar.)**—
$1.75
Goulds Pumps, 7% preferred (accum.)—.—r~
1 $1.75
Great American Investing (extra)
5c
General Baking
3-15
1
v
9
5-15
3-23
$1.75
37»/2c
—
7-
6-
4-15
4-28
4-
11-10
1
50c
4-15
4-25
8-10
1
7-
5c
Battfery
5Vo
9- 1
$1.50
Kalamazoo
1
5-19
12-
20c
,
3-31
1
50c
common
K
1
4-15
6-
pfd. (quar.)__
Laughlin Steel,
3-31
$1.25
87V2c
prior preferred
3-31
(quar.)
3-28
—
(quar.)
3-15
v4-15
30c
4-15
1
preferred (quar.)
Corp., 7% preferred
4-15
13c
10c
4-29
Co.—
Class B
4-29
Joplin Water Works Co., 6%
W
4-15
t75c
.<
(quar.)
r75c
(quar.)
Foundation Co. of Canada (quar.)**
Freuhauf Trailer, 5% preferied—
Froedtert Grain & Malting (quar.)****
Four Wheel Auto Drive Co., com.
(irreg.)**
Fundamental Investors, Inc. (increased)
Fyr-Fyter, class A___
6%
3-21
12y2c
(Jersey City)
*
Aircrait
37'/2c
preferred A (quar.)
Foster Wheeler, 6% prior pfd.
-31
Jones
4-15
preferred
&
3-24
4-15
25c
SI.50
8-11
—
Rubber**
4-21*
30c
common
1
4-10
7%
$1.63
(quar.)
Southern
&
Power
Co.,
1
$1.00
H.)
4-29
$1.50
$1.25
(quar.)
(quar.)*
preferred
(M.
Coal
5-
4-29
50 to $1 Stores 5%
-31
4-15
Fishman
-29
4-15
&
Creek
4- .1
4-10
Quarterly
4-18
5-15
Tire
1
^
Engine Co. (irregular)
Jewel Tea Co., 4'/4% preferred (quar.)
3-31
—*—
3
5-
30c
$1.75
25c
$1.183/4
(San Fran.)
First National Bank of N. J.
3
1
1
4-15
$6
-
—
4-
Fireman
Jacobs
8
3-31
(quar.)
1
•
-
_
preferred (quar.)**
Inc. (increased)
3-31
4-15
(quar.)
preferred
Firestone
3
5-
Sons, common
3
5-
"C,"
9-
$4
4-
t834c
Foundation, Ltd.—
4-
4-29
*
1
$2.72
convertible
Island
12-23
4-15
(quar.)
Quarterly
1*
—
3-31
5-
Quarterly
I
Dyeing Co.—
Fireman's-Fund Insurance
3-22
4-15
(Wm.)
4%%
4-15
r5* I**'
accum.)
preferred
Filene's
common
Stores—
Shoe
Fenton United Cleaning &
3-31
4-15
Curme
&
(quar.)
preferred
conv.
Feltman
1
1
9-30
$1.50
37'/2c
$1.06y4
;
3-31
Mutual, Inc.
Mfg. (quar.)***
Quarterly
50c
preferred (quar.)
Federated Department Stores,
3-31
3-
1
4-11
Investors
Iron
(Wash.,D.C.)^r-
6%
4-15
1
1
4-15
4-15
8IV2C
4-10
*$1.50
(s-a)
Common
4-11
15c
$1.75
*3c
(Canada)
8-15
11-15
1
5-
tS1.75
4-15
15c
Insurance
1
4-28
$1.50
$1
(quar.)**
Investors Fund
5-
+
Ltd.—
Canada,
4-25
$1.25
$1.25
$1.25
(quar.)
(quar.)
(quar.)
$75c
*75c
i 15c
tile
10c
common
common
preferred
preferred
Home
Columbia Gas & Electric Corp.,
5%
Inc.,
Federal Fire
5-15
*4c
$1.25
*
(s-a)
(quar.)
3-20
4-15
1
f
(quar.)*——
Metallurgical Corp., $5 pfd.
Fansteel
*25c
Mines, Ltd
Semi-annual
Colgate-Palmolive-Peet
A
Extra
4-29
4-15
(quar.)
preferred A
4-20
5-
*—
European & North American Ry.
4
$25c
Willans Gold
preferred
$5
4-25
*
(quar.)*
RR, $5 preferred A (quar.)
$5
4-15
4-19
$6
3-13
4-25
preferred B (quar.)
Electric Bond & Share, $5 pfd. (quar.)
(N. Y.)
3-15
5-15
7-
$1.75
$1.50
$1.25
$1.50
15c
75c
$1.25
$1.25
$1.25
$2.50
30c
6%
7-
$1,444
$1.75
*
(N. Y.)
(quar.)
Clinton Water Works, 7% preferred (quar.)
City
Paso
4-
Pacific Ry.—
5%
1.
El
3-13
3-31
25c
25c
Quarterly
Cincinnati
1st preferred (quar.)—
Electric (Del.), 7% pl'd. A (quar.)—*
5
4
12-23
4-11
preferred
7%
•,
1
7-
of
Co.
Interstate Department Stores, common
Investment
9-30
$1.12y2
$1.25
(quar.)
4-
1
$1
25c
—
Chickasha Cotton Oil
preferred
$4.50
8-15
12-
$14
$1.75
5c
Duquesne Light, 5%
5-
»
(quar.)
(quar.)—
—
5% preferred (quar.)*.
Central Aguirre Associates**
j— —
Central New York Power, 5% pfd. (quar.)**
5%
4-
t$1.25
(quar.)*
*,**
Carolina Clinchfield & Ohio Ry.
Central
4-15
3-20
*
—
preferred
Celotex
3-31
*85c
Industries, Ltd., class A
Canadian Insurance
Canadian
4-15
preferred (naym't clear all arrears)—
preferred (quar.)
—
Drewrys, Ltd. (South Bend, Ind.) (initial)—
du Pont (E. I.) de Nemours & Co,—
7%
7%
3-20
'
—
B
6-15
t52c
'
(quar.)
Canadian General Investments Ltd.
Class
5-15
1
4-15
——*
Canadian
1
+$1.25
Extra
Extra
1
5
4-20
1
preferred
$3.50' prior
\
5-
50c
$1.25
($5 par)
(quar.)
Utilities Corp.—
9-
Dow Drug Co.—■
4-25
(quar.)
preferred
partic.
Canadian Converters
(quar.)
4-15
4-10
$5c
37J/2c
62>/2c
$1.75
$1.50
$1.50
37V2C
$15c
1S1.75
$3.40 conv. pfd. (quar.)
Canadian Car & Foundries Co., Ltd/—
preferred
$4
1
preferred
6%
$1
$1
4-29
+$1.50
25c
50c
25c
15c
37y2c
-$1.75
Canadian Breweries,
—
4-
*$1.50
(quar.)*.
Canadian Bank of Commerce
,
,
3
common
1
'
(quar,)—
**.-.
(quar.)—
Bronx County Trust Co._T_
—Brooklyn Union Gas—*——_
Butler Brothers, common**5% convertible preferred (quar.)—
Byers (A. M.), 7% preferred (quar.)
Calgary & Edmonton Corp., Ltd, (interim)—
California Packing Corp. common (quar.)—
•
3-31
Co.,
preferred, class A (quar.)
5%
4-20
....
7-
*40c
Brompton Pulp & Paper
Chemical
Dow
5
Ltd., 7%
Textile,
Dominion
6-
10d
2V2%
class A (reduced)—
British Columbia Telephone—
""
pfd. (quar.)
pfd, (quar.).
Dominion Tar & Chemical, 5M>%
6-19
1
3-20
$1.50
preferred
International
4-
*30c
*10c
*$1.37y2
*$1.75
75c
5-
.
6d
—
\
6-30
5-
Nickel
7%
4-15
4-15
+
(quar.)
preferred
l'/o
4-14
4-25
$37V2c
3-15
conv,
6-
f$1.25
*40c
*$1.25
*$1.75
.
(quar.)*
Dominion Oilcloth & Linoleum
4-22
4-
1
5-
50c
$1
$1
115c
15c
British Columbia Power,
5%
"
1
4-15
50c
16c
120c
JlOC
J32y2c
*50c
$ lpC
35c
—
5% preferred (s-a)
—
*
6% partic. pfd. (s-a)—
5% pfd. (quar.)—
-Dome Mines, Ltd.—*1
—
*
Dominion Glass, common (quar.)**^
7%
preferred (quar.)*———.
Diamond Match Co.,
5-15
3-15
4-15
Metal
International
3-25
4-10
8-25
25c
25c
79c
Distillers Corp. Seagrams,
4-24
Tobacco-
British-American
6%
3-25
5-
22'/2c
$1
$1
62y2c
Bloomingdale Brothers, Inc.—
Boeing Airplane Co
*_*_,
Bon Ami Co., class A (quar.)————Class B (quar.)—
——
Boston Edison Co. (quar.)
—
—
Boston Personal Property Trust (quar.)
Bralorne Mines, Ltd. (quar.)—
Brewers
3-21
5-
t$2
Bell Telephone
Benson
3-30
*5-10
50c
35 c
$1.06y4
(quar.)——
common
Creamery,
Beatrice
4-15
4-10
Gasket & Mfg. Co.*
Detroit Steel Products***—
4-15
4-13
(quar.)***—
Co.
Edison
*—_
Detroit
4-10
4-10
Co.——-—12/2c
Welt
Backstay
'4-6
5-15
*$1.37%
———
Babcock & Wilcox
7%
Detroit
4-15
—
common—*_**,**—
—_
Common
6-24
6-24
5-15
$2.50
62y2c
$1
.
Proprietary, 5%% pfd. (quar.)
Avondale Mill3,
6
6
;—
(quar.)
(quar.)
(quar.)
Extra
$2.50 preferred (quar.)—
4% pfd. A (quar.)—
(quar,)——
1
preferred
preferred
preferred
4-17
•'»
Atlantic Refining Co.,
Attleboro Gas Light
(quar.)
7%
7-
10a
.
Ault & Wiborg
Common
4-14
7-
Associated Electric
Atlantic Rayon,
3-15
3-31
5-
$1
(quar.)
7%
1.5c
—:
Industries, Ltd.—
(registered) (annual)———
Athey Truss Wheel*—
—
—
Atlantic Coast Line RR.—
5% noh-cum. preferred (s-a)——
Common
4-15
ibe
Ordinary
3-31
2-29
4-15
preference A (quar.)
6% conv. preference (quar.)**
International Milling, 4% preferred (quar.)*
6%
5'/o
75c
75c
75c
$1.75
$1.75
$1.75
30c
(quar.)
4-15
15c
■
Corp.—
Aro Equipment
»
3-31
3- 6*
8
4-10
4-
10c
(semi-annual)—
Dayton & Michigan RR., 8% pfd. (quar.)—*
Dentist's Supply Co. of New York—
RR.
3-31
t20c
(quar.)*
(quar.)
Harvester Co., com.
Industries—
International
International
4-15
$3
$3.50
preferred (s-a)
__—*
5-19
-3-31
4-30
1
6-
50c
(quar.)
participating preferred
6%
5
1
of Reci
;
y
International Bronze Powders, com.
4-25
12'/2c
*50c
5c
$2
—
preferred (quar.)**.
Clinton
Port
&
Culver
Common
25c
J®c
,
—•
Drug
Cudahy Packing, 6%
7% preferred (s-a)
1
3-31
4- 3
5-
.*__—
Co.
Crum & Forster, 8%
4-15
"5c
$2. jo
———~
1
Crown
1
6-
1
7-
*
———
-
6-
7-
$2.25
Glass, common————r
(s-a)
Oil Corp.
Argo
3-31
4-15
American Zinc Lead &
Anchor Hocking
4-
3-15
4-20
$125
-
———
Telegraph Co. (quar.)
Smelting Co.—
$5 conv. prior preferred (quar.)—.
—
Amoskeag Co., common (s-a)
$4>/2 preferred (s-a)
r——.
American Telephone &
3
4-15
4-15
12'/aC
88 Ac
$1.75
(irreg.)
5'/a%
preferred" (quar.)
Ltd.' (ordinary)
(final)
Package Mfg. (quar.)
Credit Utility Banking Corp.—
Class B (reduced quarterly)-*^***
Crown Cork & Seal, Ltd. (quar.)
3-31
20c
27 82/100c
American Sugar
5%
4-10
(quar.)—
5-
5-15
ZVho
common
*7%
11-25
$1,12'/a
15c
—
Creamery
8-25
1
(initial)——
common
Utility Corp., com.
States
American
i
Co.,
(participating)
preferred
$3
.
—
pfd. (quar.)
Mill Co., 4Vs%
American Seal-Kap Corp.
American Rolling
1
1
15c
25c
25c
————
Products, common—
Maize
American
Courtaulds,
5-25
69-
Refining,
Products
Corn
(quar.)
Payable
ts-a)
Aviation Group Shares
4-15
6-
3iy4c
65c
$1.75
5%
preferred
convertible
When
share
Name of Company
(
4-15
5-15
50c
50c
Holders
Per
of Rec.
5-15
50c
Consolidated Vultee Aircraft Corp., common*
3-15
12-
<-
Extra
3-20
4-15
<■
(initial s-a)
Common
3-20
$1.25
$1-75
preferred
preferred
7%
1
4-
4-15
■
preferred (quar.)
7%
5%
American Envelope,
5
4-15
25c
5c
(quar.) _'*
Insurance
Extra
American District
5
4-
*\'1
4-
When
Payable
Institutional Securities— '
Consolidated Natural Gas—
1
4-
25c
«
(quar.)-
preferred
$7
flame of Company
of J?ec.
Payable
lftare
'
Name of Company
«**
Hoiaer$
When
<,
-
Holderi
Per
share
'
Per
'*
r
Co., 43/4%
(auar.)_
pfd. (quar.)
$1 50
$1.18%
5-15
4-15
3-31
3
3-22
4-
Volume
159
Number 4269
^
THE COMMERCIAL & FINANCIAL CHRONICLE
Per*
Name of Company
Murray Corp.
Chemical Co.
Mutual
of
America—
preferred (quar.)—..;—
preferred (quar.)
6% preferred (quar.) _-
;6%
^67o
el. A (quar.)
$2
ffolderi
Payable
25c
___________
Muskegon Motor Specialties,
.When/
Share
*
of America.
>
t
■50c
6-
1
Investment
Mutual
System,
National
6-28
6-15
$1.50
9-28
9-21
$1.50
12-28
12-21
10c
4-15
Cash
National
$3
Corp.
Co.,
National
preference
Department
National
Distillers
National
Electric
37 %c
National
(Class
Gas
3-30
4-29
5-1
4-15
Shaffer Stores,
5-
4-15
Sheep
50c
'ff..:
National
non-cumulative Class
$2.50
2c
1
7-22
6% 7o
South'Pitts'gh Water Co., 4%%
Corp.—
5%%
preferred
C
4-15
4-
1
$2.75
4-15
4-
1
$1.25
8-15
7-31
J 25c
4-15
3-15
4-
3
3-15
Southern
New
1
4-14
Southern
Railway
National
(s-a)
25c
Sugar Refining.—______
National
5 ¥2%
Tea,
Naugatuck
preferred
4%%
Brothers,
5-
75c
5-
$1.18%
5-
(irreg.)_
Water
Naumkeag Steam Cotton——
Neisner
13%C
(quar.)—___
(quar.)
1
—
New Brunswick Telephone (quar.)_______L__
Newberry (J. J.) Realty 67c pid. B (quar.)
6%% preferred A (quar.)
12c
preferred
(quar.)__^
Niagara Fire Insurance Co.
4-15
North
American
preferred
6 7c
(accum.)
5 % 7o>. preferred
North
75c
•
-
Northern
Northern Liberties Gas
Northern
-6 7c
Ontario
preferred
Northern
States
Power
77c
preferred
(accum.)
Northern States Power
Nu-Enamel
Old
Ottawa
Car
Coast
&
9-11
y
$i.3iy4
$1.12%
1—1
5%
(initial)
6-30
6-15 r
3-15
y
'
4-15
50c
$1.25
(quar.)
15- 1
Telephone,
Common
$1.25
-
$1.40
class
A
$1.40
class
A
3-31
4-
,
5
•-
class A
Spring Co.
4-
5
Western
5-
1
4-
Corp.
of
Canada
Industries
(quar.)
1
6-15
Towne
1
9-15
Trinity
1-1-45
,12-15'
5- 5',,
5-15
35c
V.8-15
8-
11-15
11-
35c
.5-15
5-
3-25
4-10
3-31
4-10
3-31
4-15
3-31
4-10
3-25
Quarterly
6-15
6-
6
31V4C
5-15
—___;t
$1.50
30c
■'
4-15
3-31
10c
4-
3-25
5
$1.25
(quar.)
6-30
12-30
Woodall
9-15
12-15
vi1:
■
:
y
y
3
i
preferred
4-
6
5-
2
Quarterly
6-
1
5-
2
4-15
3-15
4-15
4-15
3-15
50c
4-15
3-24
$1.12%
5-1
20c
4-15
4-15
3-15
4-
5
4-15
4-
5
4-15
4-
1
$1.50
(quar.)
5-
18%c
$1.50
1
4-29
'
8-15 V
V
7-31 j
5-
4-15
1
$1
5-
1
$1.50
8-
1
8-
1
7-15
11-
1
10-16
:
v
Increased
4-15
V
7-15
$1
11-1
$1.50
4-30
4-15
15c
pfd. (quar.)__*__
4-15
A- 3
t20c
—$37%c
Mercantile
quarterly
'
4-17
5-15
18%c
(quar.)
,
4-10
>
$1.75
__
—__
j
4-17
4-17
5-
1
:
4-15
1
5-
10-16'..
V
4-15
Institution—
•-
75c
4-15
4-5
—75c
6-15
6-
—
__—
5
75c
9-15
9-
5
75c
—
________—
12-15
12-
5
3-31
4-15
1
5-15
50c
9-
1
8-15
12-1
xLess
2-25
6-
11-15
1
4-14
4-15
4-
7-15
7-
5-15
4-30
50c
4-
5
3-20
4-'-3
resident
1
90c
closed
tax.
for
this
dividend.
3-15
tax,
15%;
resident tax,
7%.
Less
a
British
income
tax.
;•
1
30c
Income
not
3-27
30c
Jamaica
books
tPayable in U. S. funds, less 15% Canadian non-residents' tax.
tPayable in Canadian funds, tax deductible at cne source.
Non¬
3-17
30c
30%
•Transfer
"
5-
1
20c
(quar.)
Quarterly
$1.25
5-
5-15
/75c
J$2
(quar.)
Quarterly
3-31
50c
1
5-15
—,
Co-operative
1
4-15
6-
5-15
(quar.)_____
(quar.)
common
67c. preferred
Zion's
x
'
$1.75
$1.50
Zeller's Ltd.,
6-
6
t3c
$5
50c
J25c
preferred
(accum.)
Corps., Ltd., class A
Drill
&
Tool,
4-
United
Gas
1
11-15
11-10
t$1.75
4-15
3-31
ies shows the
1
5-
t37c
15c
(quar.)
z
________
Improvement
22: Decreases of $581,000,000 in demand
adjusted, $315,000,000 in interbank deposits
$229,000,000 in reserve balances with Federal Reserve
Banks, and $272,000,000 in United States Government
4-15
5-
4-18
1
(stock
5-
1
5-
1
4-15
4-15
securities.
4-18
$1.18%
1
10-21
50c'
:•.
10-21
75c
(quar.)__'
:■
for
common
3-23
75c
each
share
of U.
G. I.
held
at all reporting member banks.
3-10
'
_____
United
3-30 v
4-15
67o
3-30
■
U. S.
v
$1.25
1
■
U.
;
3-10
4-20
3-31 '
(quar.)_
•
4-20
4-15
Industrial
Chemicals
(Bait.) (quar.)
(quar.)
7-
6-
1
+75c
4-15
4-15
3-20
Premier
Mining. Ltd
Preston East'Dome Mines (quar.)-*.
.,41c
4-15
3-15
t5c
4-15
t$1.50
1
4-10
3-20
62 %c
4-
5
3-14
37 %C
4-
5
3-14 \
25c
4-15
25c
5-
1
4-15*
5-
1
4-15*
50c
3-31
5-15
4-10
(quar.)
Plywood Corp.,
common
40c
6-20
5-31*
40c
9-20
8-31*
12-20
11-29*
(quar.)______
30c
preferred..
$2
non-cum.
4-20
4-10
9
6-
5-26
M
7
Holdings of Treasury bills declined $69,000,000 in the
Chicago District and $121,000,000 at all reporting mem¬
ber banks.
Holdings of Treasury certificates declined
$58,000,000 in New York City, $40,000,000 in the Chicago
District, and $99,000,000 at all reporting member banks.
Holdings of Treasury notes declined $100,000,000 in New
■.f
6-15
3-15
Price Brothers & Co.,
S.
,U. S. Rubber Co., 8%
;
3-20
t$1.50
$2.50
1
40c
Common
U.
9
Power Corp. of Canada, 6% pfd. (quar.)_
6%
1st preferred
(quar.)
Leather, conv, partic. class A (irreg.)_
Pipe & Foundry, common (quar.)____
(quar.)
Common
..
3-18
50c
,:
(auar.l__
S.
8.
3-31
ioc
15c
(resumed)
(quar.)—_—_——_
Fidelity & Guaranty Co.
S.
U,
5-19*
4-21
$1.50
(quar.
U.
4-17
6-
0
Machinery Corp., com. (qUar.)_
4-6
10c
—
Shoe
preferred
7-
25c
4-17
1
4-25
$1
Merchants & Manufacturers—
$1%
,
Commercial, industrial, and agricultural loans declined
$26,000,000.
Loans to brokers and dealers for purchas¬
ing or carrying United States Government obligations
declined $138,000,000 in New York City and $170,000,000
dividend).
57c preferred (quar.)
___________
United N." J. RR. & Canal' (quar.)__
.
9-30
.4-15
;
$1.50
United
fl-30
March
deposits
4-10
5-15
ended
or
about
May
18
a
distribution of
l/20th share of Delaware Power & Light
1
4-22
50c
reporting member
System in 101 leading cit¬
following principal changes for the week
banks of the Federal Reserve
On
1
4-
8-10
10c
3-17
4-
5-10
8-15
The condition statement of weekly
3-23
$1.25
(quar.).
Co.___
4-22
2
5-15
*
(quar.)
class A
Fruit
4-
?. 4-
25C
:
United
United
1
:-v
•'
25c
4-1
4-22
Condition Statement of Member Banks
"
; ■. i
"
4%%" preferred
4-15
i
40C
_____
Ltd., 77c pfd. (quar.)_____
Cigar-Whelan Stores Corp.—
United
3-31
5-1
Co.
4-
5-
(quar.)__
(quar.)
>
8-11
4-19
' 5-15
/$ 1.75
Power, 67c
Industries, Inc.
1
4-
8-15
25c
$1.50
—
1
50c
Tuckett Tobacco,
United
Drug,
5-
stock
<
17%c
Elec.
5-
4-15
(irregular)
(initial)
United
$1.06%
Pocahontas
8-15
$1
5-
12 %C
3-21
$1.12%
Creek
5-15
8-31
12%c
.
t75c
common...
3-31 *
(quar.):
Emolovees
3-27
5-31
43%c
________
Extra
Wisconsin
6-15
9-30
(quar.)
;
4-15
50c
•
Pond
3-27
4- 2
i$1.75
Quarterly
4-29
50c
-
25 i
5
4-14
1
4% 7c preferred (quar.);__——___!
Pittsburgh Coal Co., 67c preferred (accum.)_
Pittsburgh Coke & Iron, $5 conv. pfd. (quar.)
Polaris Mining
(s-a)
preferred
convertible preferred
25c
5-
10c
4,
Plymouth Cordage Co.
4- 2
$1.75
;
(quar.)
convertible
t75c
4-25
?
$2
$1 participating preferred (s-a)
V.t.c. for partic. preferred (s-a)—
Pittsburgh Screw & Bolt___
$1.50
*
_______________
75c
•
preferred
5-15
5-15
Extra
Quarterly
Quarterly
"
4% 7c
1
1
$1.75
Ltd., common
Hosiery
3-24
66-
$1.50
\
*
75c
Winstead
4-5
$1.25
Extra
5C
$1.25
4-15
$1
Philadelphia National Insurance (s-a)_____
Philadelphia Transportation Co., common
$1 participating preferred (s-a)__il--.__
V.t.c*. for partic; preferred (s-a)_.
-
3-31
_____
3-31
Securities, 77o preferred (accum.)___
Universal Insurance (quar.)
4 •
2-5-45 '
2-15-45
$75c
:
q $1.50
Co.,
Brothers, Ltd.
7-
35c
:_
common
4-10
3-31
(quar.)___
Water
25c
(quar.)
4-20
4-21
4-21
$2.50
&
3-31
'
$1
5c
Co., 77o preferred
Co., $6 preferred
Winters & Crampton Corp.—
Wilson
4-10
$1.25
common
7-15
(quar.)„
preferred
Extra
Wichita
1
4-15
(quar.)
pfd.
1
Union
$10c
(irregular)
8-
$1%
(quar.)
Grocers
4-15
(quar.)
4-15
$4.50
Telegraph, class A
Westvaco Chlorine Products, $4.50 pfd.
(quar.)
Whiting Corp. (quar.)
3-31
4-10
1
(quar.)
preferred (quar.)
Western
4-15
4-30
3-23
5-
Extra
7 7o
25c
(irregular)
preferred
Investment
Shovel
Tooke
1
35c
tv,
(quar.)_-_-__^__________L.__;^
Philip Morris & Co., Ltd.,
preferred
Co.-—
Electric, 77o
$1.25
,
Thew
4-14
1
10-
50c
—__
(s-a)_—_________
A
1
4- 7
common_____
Insurance
preferred
$1.06-%
Tacony-Palmyra Bridge, 57c pfd. (quar.)___
Taylor-Wharton Iron & Steel (irregular).
( Texas. Water Co., 6% preferred (quar.)—
0%: preferred (quar.
:v Thatcher Manufacturing, $3.60 pfd,
(quar.
50c
(quar.)__
(quar.)_____—____________
preferred
(quar.)__
(quar.)_
Co.
50C
i—
.
3-31
4-i5 S
$1
.
Peoples Gas Light & Coke__
Peoples Telephone Corp. (qUar.)—
Philadelphia Co., commcn____
67c
5-
'
"
common
preferred
4-15
25c "4-15
iquar.)_
(quar.)__._________
Penmans, Ltd.,
4-15
$1.50
yy
—_______——___
(quar.)
$3
1
9-1
12-
■
(quar.)
common
4-15
'•
10c
(quar.)
$1.40 class A
' $1.40 class A
pfd.
quar.
Sylvanite Gold Mines (quar.)
Syracuse Transit Corp., common
Common (irregular)
Common (irregular)
7
3-1
'
4-15
25C
4-15
.
5
9
37%c
preferred (quar.)
Penn
25c
9-15
4-15
6
4-
$1.06%
iuOc
(quar.)
Sun-Glow
'
Common <quar.)_
*__
preferred (quar.)_
Stewart-Warner Corp. (s-a)
3-15
30C
5
10-
4-15
\
(resumed)
preferred
57c
4-15
10-15
4-
10-16
75c
4-15
$20c
4-15
$1
3-31
4-15
5-15
'
77c
preferred
conv.
tlOc
Co:
preferred
Steel
1
4-
4-15
5-15
__
Producing & Refining
Paraffine Co.'s, Inc., 4 7c preferred
'
$1
75c
80c
Street
57c
4-15
t$l
class
Juice
6-
9
12-
37%c
preferred
conv,
67c
'5-15"
9-
$1.75
(quar.)__+_
preferred (quar.)
preferred (quar.)___
West
1-12
common___
Manufacturing
Stecher-Traung Lithograph, 5%
3-21
$25c
.
Panhandle
Peninsular
8-15
4-14
15c
(initial
Stanley Works, 5%
State
»
3-31
+$1.75
(interim)_____
$1.75
(semi-annual basis)Title Insurance, com. (quar.)__
Grape
$1.75
9-15
7 7c
Electric
preferred
67c
;
25c
Lighting Corp., $5 pid. (quar.)_
Pacific Tel & Tel., 6% preferred (quar.)i
Packer Corp.
(quar.)____'u^__'__i7—
1
3-31
4-15
■
Co.,
non-cum.
7%
6-15
Tube Co., class B (irregular)
Standard Wholesale Phosphate & Acid Wks.—
3-31
:,T 4- 17
25c
3-31
35c
Standard
7%c
Pacific
,
Standard Steel
3-31
3-31
4-20
$4.50
9-21
12-23
6-10
Manufacturing Co., common.
(quar.)
West Michigan Steel Foundry—
3-20
4-15
2
1-2-45
Wentworth
$1
4-15
—.
Co.,
Railroad
Wellington Fire
3-31
4-20
$1.25
Stearns
(quar.)
Pacific Finance Corp. of California—
;
V
4-20
•
3-31
5-15
-
$i;25
,
(quar.)
Irregular
Aircraft, Ltd., common______
&
B
8-7
4-25
4-25
•
Gas
$1.50
(quar.)___
t20c
Pacific
(quar.)__
(Dallas)
(Ohio), 57c
preferred
Radio, Ltd.,
50c
4-15
4-15
$20c
(accum.)
Co.
Class
(quar.)
Terminals
Oil
Standard
$1.25
(quar.)
Steel Products, com,
preferred (quar.)
preferred
Standard
3-31
z—
Ontario
Pacific
$1
1
3-31
; v
67c
Corp.—
3-31
4-14
Match Co. (irregular)
Colony Trust Associates—
77c
3-31
8-
7
(Minn.)—
(quar.)
Corp.
Telephone
". $4.25 preferred B (quar.)
Standard Chemical, Ltd.
(irregular)
Standard Coated Products
4-14
1.,1st series trust shares (quar.)
Ontario Silknit, 77c
preferred (accum.)—_
.
.'
Products
$6c
—
Northern Trust C0.1 (Chicago)
Ohio
■
Standard
■
(accum.)__________________
preferred
preferred
3-27
'.
:
6%
$5
3
4-20
$$1.50
(Del.)—
37 %c
37%c
•
10-
1
$1.75
prefejred (annual)___
Washington
1
Co.—
$1.50
_i_
(quar.)__
common
6-21
preferred
77c
$$1.50
England
3-31
(reduced)___
com.
3-20
(quar.)
$1.75
(s-ai
Power,
(quar.)
4-15
Power,
4-14
—_——
57c
34%c
(quar.)
$1.37%
—
3-31
4-15
7%
,
$4y»
preferred (quar.)——
6% preferred (quar.)_______
7 7c preferred (quar.)
5-1
4-14
1
(s-a)
preferred
Warren Refining & Chemical
Washington Ry. & Elec., 57c pfd.
'*
5-15
1
7-
62%c
(quar.)
Detinning
4%%
Welch
Spalding (A. G.) & Bros., 1st preferred—
1st preferred
t
Public Service—
Indiana
5%%
3-31
3-20
Spicer Manufacturing Corp.,
$3 preferred (quar.)
Squibb (E. R.) &• Sons—
4-15
8-
16c
1
(quar.)
3-31
'4-20
68%c
(accum. )______i__
5-
$$2
(quar.)
Corp.—
American Life Insurance, common
$1.62%
+
4-15
preferred
1
4-
Wabash
3-29
37%c
preferred
4-15
'
Vulcan
3-25
7
(quar.)__________u_
non-cum.
4-15
$1
4-10
4-25
3-31
non-cum.
1
(quar.)_
1
preferred
4-
4-
57c
1
'"■
(N. Y.)
Investment
67o
4-20
Southwestern- Life Insurance
5-
-:5-
3-31
4-15
::-57c
5-
$1.25
4-15
$$1.50
3-21
$1.50
_____—
Virginian Railway, 67o
5-
5-
62%c
•
Newport News Shipbuilding & Dry Dock—
$5
preferred
Vermont & Massachusetts
4-10
$1.12%
4-15
1
$1.62 %
•
67c
Canada
3-31
4-15
pfd. (quar.)
Ltd.—
w
4-15
4-10
.—_—
preferred
Southern
4-10
5c
Southern California Gas, preferred A
(quar.)
6% preferred (quar.).
-•••
3-31
$2c
4-
$1
62%c
Leaf Tobacco,
common
(quar.)
Knitting Co., 57o prior pfd. (quar.)__
57c prior preferred (quar.)
57c prior preferred (quar.)
Vapor Car Heating, 7% preferred (quar.)__
7% preferred (quar.)_
77o preferred (quar.)
4-10
tl5c
common__
3-31
4-15
Universal
4-20
4-15
3-31
4-15
17%c
Utica
4-20
1
ol Ree.
4-15
87%c
(quar.)
$1
fHoward) Paper Mills, 67c pfd.' (quar.)
5%' original preferred
4-21
1'
5-
15c
Southern California Edison Co.,
1
5-
preferred
conv.
10c
J
3-31
':■■■ 5-
6
70c
Hoiaert
50c
Stockyards Corp.—
$3c
(quar.)J___
3-31
$1.25
preferred
Canada,
4-20
(s-a )______
prior
of
United
6
3-
$1
^
(accum.)
Corp.
3-
$1
(quar.)__
4-15.
$1.50
(quar.i
A
Oil
National Oats Co., 5% preferred (s-a)_____
National Steel Car, Ltd. fquar.)___
.455.50
Ltd.
4-20
Smith
6
$1.12%:
(resumed)
35c
3-31
4-
Smelting Refining & Mining, common.
77c
preferred
(quar.i
3-31
*4-6
Payable
U. S.
3-22
50c
common
preferred
Sinclair
10-20
•1
(quar
.__
Gold Mines,
Co.
1
4-15
7c
Mines, Ltd.
Simplex Paper Corp. (irregular)_______
Simpson's Ltd., 6xk7o preferred
4-21
10-30
5-
$75c
;
35c
;
——_——-—
Manufactures & Stores
8-
2c
3-31
3c
25c
.
1
Silbak' Premier
4-15*
li.
Creek
Sherwin-Williams
3
4-
1
5-
2c
;
Funding Corp., class A (quar.)____
—
5-
•
5-
Security Storage (Wash., D. C.)
;
Security Title Bldg., $7 partic. pfd. (accum.)
-
:-r
—
(quar.)__
National Lead, 6% * preferred B
4-15
>
3-31
__i
Paper, $4.50 convertible pfd.
4-15
1
1
When
thare
Name of Company
3-2^
5-
(accum.)
j'$4 preferred (quar.)
1
Seaboard Surety Co
fer
of Re0.
$35c
(quar.)_
;
5-15
•y 12V2C
(quar.)___
Machine
(quar.) _______—ri_:
B
Scott
■'
3-10*
Holden
4-15
___
1
Extra
75c
Stores, com.. (quar.)__
______—
Aptonio
When
Favaoie
$25c
'$$1.75
common
Paper Mills, 67c pfd.
Gold Mines (s-a)
50c
(quar.)_____—
__^__
Fuel
•
3-31
'3-31
4-15
Mills,
preferred (quar.)
25c
.
•
National
•
(accum.)
thare
■
■
A
—
St. Lawrence
San
pfd.
$50c
Flour
50c
.
Quarterly
...< Quarterly
4-15
~4-15
■
15c
(quar.)—
Products
Welding
•
30c
common___„__;_—__
City Lines, class A
convertible
•
(quar.)
Register (quar.)
NationaUCasket
—
^
common_;_.__iL_____i.
National Bond & Share
National
__
______
77o
.
47c
Corp.,
Lawrence
.Extra
3-31
——
Lawrence
St.
.
$1.50
(irreg.)
preferred (quar.)—
Co.,
*
„
St.
5-15
;
Fund
6%
Biscuit
,
>
____:
Name of Company
-
4-12
_________—________
Mutual
rer
of Rec.
4-24
.
1387
York City and increased in all districts other than New
York, the net increase being $96,000,000 at all reporting
member banks.
Holdings of United States Government
bonds declined in most districts, with a net decrease of
$69,000,000 at all reporting member banks.
Holdings of
guaranteed obligations declined in all but one district,
(Continued on page 1388)
4-15
_________
Gold
Procter
&
Gamble
Ltd.,
8%
Prosperity Co.. 57c
common
preferred
■
(initial)
'■■■■
(quar.)
5-
$2
>
$1.25
Public Service Co. of Colo., 77c pfd. (monthly)
58 %c
67c
"67c
preferred
Public
(monthly)_____
preferred
:
(mont,hlv)_i_„_______
Service
6 7o
Corp.
of N.
Sugar
v.
-:
4-15
1
4.-15
5-1
50c
4-15
50c
5-15.
$1.25
u
3-15
4-15
7-31
5-31
5-
V
$25c
.
;/ir
i'
5-25
3-23
'Smm
40c
9-
1
40c
Republic
Revere
7%
Steel
Corp.,
12-
1
30c ::
5-
1
15c
5-
1
5-
1
8-
1
•
■
.
*
OfficiaLl——__________
1
4-10
'
1
4-10
Colombia, peso—:
England, pound sterling
India (British), rupee
12%c
9-30.
'
12%c
12-30
'"
.
.
25c
4-20
4-10
New Zealand, pound__"_.
6- 1 V
5-20
Union of South Africa, pound.
7-
1
6-12
5-
1
4-15
Roeser
&
Pendleton
Roos Brothers.
Ruud
Russeks
St.
Inc.,
(quar.)
Fifth
Co.,
—25c
(quar.) _v
$1.62%
:
6-15;
25c
6-15
6-
5
Inc
25c
4-15
4-
(quar.)
$1
4-15
4- 5
Official—
common
*
"
.251247*
3.228000
.297733*
March 29
.251247*
.251247*
3.228000
3.228000
•
■
March 30
$
.297733*
.251247*
3.228000
.297733*
.251247*
3.228000
'
.060586*'
.060586*
.060586*
.060586*
.051275*
.051275*
.051275*
.051275*
.051275*
.909090
.909090
.909090
.909090
.909090
"
.892500
.892500
.893750
.893203
.572766*
.
.572766*
.572766*
.572766*
.894375
.572766*
4.035000
4.035000
4.035000
4.035000
4.035000
.301215
.301215
.301215
.301215
.301215
.205820
.205820
.205820
.205820
.205820
.
.909090
.909090
.909090
.909090
.909090
.909090
*
-
Free—.-—:
.890000
—
3.244203
3.980000
.890000
•
.890000
.891250
.890853
.891875
3.244203
3.244203
3.244203
3.244203
3.244203
3.980000
3.980000
3.980000
3.980000
3.980000
UrugHay, peso—
.
Controlled—
Noncontrolled
3
Avenue.
Croix Paper Co.
:
$6.50 preferred
Manufacturing
37V2c
.297733*
Money
March 28
Newfoundland, dollar—
9-15
(quar.)
States
.205820
10-1
1
United
.301215
$1.75
preferred
,
York
4.035000
7% 1st and 2nd preferred .(quar.)
conv.
New
.060586*
.060586*
.892500
$1.75
7-
in
March 27
.297733*
.572766*
—
Mexico, peso—
12-21
.
1
Official
9-20
$1.50
in
.909090
•v.Ftee__
5-
*"
'
for Cable Transfers
.051275*
5-
Common (irregular)
(quar.)
1930
Canada, dollar-—
6-20
Button,'common
'
"
Brazil, cruzeiro—r
3-10
6-30
Rochester
Buying Rate
Value
.251247*
7%^lst-and 2nd preferred (quar.)
,
INCLUSIVE
March 25
3.228000
3
12%c
Reynolds (R. J.) Tobacco—
Free
4-
"
(irregular)
1944,
1
Australia, pound—
4-15
25c
(irregular)-
common
MARCH 30,
TO
.297733*
—.
4-15
'-" '.5- 1
w
Common
(
....
.
1
15c
5%%'pfd. (quar.)_
$1.31%
(quar.)__
—$1.75
Reymer & Brothers,
Argentina, peso—
Official--
4-20
Cooper & Brass,
preferred
RESERVE BANK TO TREASURY UNDER TARIF ACT OF
FEDERAL
24
March 24
11- 2
common
BY
MARCH
3-17
6-
•
CERTIFIED
3-31
8
4-13
(quar.)__
RATES
Country and Monetary Unit
.4-19-
4-
40c
-
EXCHANGE
.
Noon
4-20
v
50C
-
I
*
20c
.
•
3*
5-25*
1
-i' •';
B
7-
6-10
Foreign Exchange Rales
FOREIGN
4-3
50c
preferred
3*
7-15
Pursuant to the requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank is now cer¬
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
world.
We give below a record for the week just passed:
•: 4-14,.
4-15
$1.50
■
(quar.)__.
-
6%
4-
?
4-15 :•
"
Republic Investors Fund,
6% preferred A (quar.)
4-15
40c
."
$1.25
$1.25
preferred (quar.)_.
6.4% preferred A (quar.)_
^ f
5
1
5-
15c;
Power
(quar.)
$5
•
J.—
preferred
Quebec
Corp., $5 preferred
3-24*
4-
5-
41%c
.
preferred
6 7c
v
4-15
'
'50c
(monthly)
(monthly) ___________
Puget Sound Power & Light Co.—
$5 preferred
(quar.)
.
4-15
S,
"
(ouar.)^_____;-
preferred
U.
v
•Nominal rate.
—
:
.658300*
.658300*
.658300*
.658300*
.658300*
.658300*
.529540*
.529540*
.529600*
.529540*
.529540*
.529540*
r
Corporation and
General
Operating
Federal
Other
1356)
(Continued from page
practice of law.~V. 159, p.*
the private
ret.
Net
Orleans & Northeastern
New
from
Gross
from
ry.
railway—
from
Net
from
Net
ry.
—V.
84,950
87,830
1,201,786
606,235
228,601
163,323
829,311
156,580
income—
"2,444
159,
2,281,541
$1,747,089
$2,179,260
544,586
$1,634,674
declined $91,000,the Chicago Dis¬
trict, and $315,000,000 at all reporting member banks.
A summary of the principal assets and liabilities of
reporting member banks, and of debits to demand de¬
Deposits credited to domestic banks
in New York City, $64,000,000 in
—V.
Loans—total
in part:
+
26
—170)
obligations
938
1)
+
50,303
538,200
2,797,523
341.938
561,002
25,000
25,000
300,000
300,000
16}
+
"If
on May
each were piade
cents
serve
Net
—
•9
+
10
—
—121
151
964
—
+
3,870
+
3,121
99
—
96
+
—
79
—
—
69
325
—
—229
951
—:
3 '
^
1,265
4,278,
+
45
.+
4
$
Divs.
-V.
——
U. 8. Government
deposits
•.
.
Interbank deposits:
:
Foreign banks
'
+
966
13
+
deposit
during week—
and
1,694,713
1,255,485
3,580,445
2,458,735
1
+
104
11
+
15,467,081
1,418,712
3,447,212
3,068,228
Net
6,626,402
152,100
9,948,309
127,994
13,257,457
280,870
charges—
3,632,220
3,792,675
7,278,278
7,581,485
2,842,082
6,027,640
5,698,309
242,887
Gov't
—■
of
Statement of Condition of the 12 Federal
Reserve Banks Combined
thousands
of dollars)*
certificates
...
_
(—) Since
•
Mar.
2^, '44
19,134,325
290,535
317,769
—
+
—
4,107,584
due
17,000
11,685
2,729,982
of Bonds Called—
18,503
Bank
the City of New York,
of
York, N. Y.—V.
New
of May 1, 1944. a total
and lien gold bonds, 5'/2%
Payment will be made at
*3,254
263,589
251,725
152,424
39,010
147,454
129,441
85,495
8,529
50,942
37,029
*2,759
1—
-
«S
railway
railway—.—
p.
939.
p.
Gas Co.—Bonds
Natural
income
30 of¬
bonds
received
of 101.0939.
& Co, and
and associates,
and associates,
Co. and associates 101.487 for 3s.
to the bankers March 28 on a bid
bonds
the
for
included:
Shields
Loeb &
and Kuhn,
Blod¬
(par $50) at $52 per share and accrued
dividends
15.
stock
on
a
of
Bank,
%
.
awarded
was
New
will
Bonds
redeemable prior to maturity
be
as a
whole at any time
time on at least 30 days' notice at varying
1942
1941
$4,826,225
1,858,424
930,881
1,367,869
621,425
20,072,410
6,698,286
14,799,654
9,974,957
3,536,467
1,815,314
redemptions pursuant to the sinking fund and also with
properties taken by eminent domain or sold pursuant to
order of governmental authorities or sold in reasonable anticipation
of such taking or order.
%
Bonds will be entitled to the benefit of a sinking fund which v/ill
4,117,338
3,275,697
•
Offered—Morgan
$7,319,209
2,562,083
1.256,247
be
939..,'"V
or
in
time to
part from
redemptions at the option of the company, and
for ordinary
rates
for
'special
proceeds of
I
sufficient to provide for the retirement
by maturity of the entire $18,000,000 of new bonds.
.!
v/\ '
(Del.)—Weekly Output—
States Power Co.
Northern
159,
for 3s;
money
trustee,
successor
154, p. 1267.
23,363,560
6,805,122
railway.
oper.
55,537
income—
Feb.
in
*
amount
aggregate
an
The
53,501
—
47,623
18,136
payable April
Ry.—Earnings—
railway.*....
159,
2,606.
69,913
1 and Oct. 1. Principal and interest payab.e in lawful
the United States of America at office of Chase NationalYork, trustee.
Denomination $1,000, registerable as to
principal only and interchangeable with fully registered bonds in denom¬
inations
of $1,000 or authorized
multiples tnereof.' Tney will con¬
tain no tax free or tax refund provisions.
'
*
as
and interest.
103 V*
at
National
from
ry.
$17,810
bid of $50.05.
Shields & Co. and
associates bid 51.619 for a 5% dividend.
The bonds dated Feb.
1, 1944, will be due April 1, 1961, Interest
From Jan. 1—
—V.
$83,402
31,077
bids
ries A
248,545
+
1943
$126,452
Series due 1961.
from
1944
1943
Gross from railway
$11,735,377 $10,000,885
Net from railway......
3,649,009
3,512,764
Net ry, oper. income—
1,706,121
2,120,372
Net
—1,237,087
1941
1942
1944
$130,042
25,961
oper.
ry.
The
has called for redemption
1957,
St.,
from
City-Ada-Atoka Ry.—Earnings—
get, Inc., headed a syndicate of 35 bankers who offered
on March 30, 180,000 shares of 4%% preferred stock Se¬
4,915,333
2,045,715
2,251,555
1,162,307
1,936,823
928,374
Northern Pacific
Net
468,439
Preferred Stock Offered—Stone & Webster and
...
fixed
for
company
Gross
Mar. 31,'43
'[r'.-'':--
hand and
on
due from U, 5. Treasury..—..
Redemption fund—F. R. notes..
Other cash
'
Mar. 29, '44
,.7
•
*112,271
69,396
from
from
101.8769
1289.
p.
Chase
"45,124
*63,712
100.599 for 2%s; Halsey, Stuart & Co., Inc.,
102.137438 for 3s; Stone & Webster and Blodget, Inc.,
Hartford RR.—Earnings-
February—;
Increase ( + ) or Decrease
■r
Assets—-
income—
charges
Broad
9,659
112,027
939.
p.
The issue was awarded
6,904,800
1944—Month—1943- "1944—2 Mos.—1943
$14,061,306 $13,035,897 $28,515,412 $26,654,607
1,655,177
2,013,924
3,398,691
4.437,196
$200,000 of its outstanding first mortgage
The
11
581,879
213,362
33,846
associates,
revenue...
avail,
series,
(In
10,710,937
5,597,840
3,917,400
2,743,020
North Penn Gas Co.—$200,000
The
__14,044
860,718
127,404
income ...
oper,
2y8%
taxes..
oper.
159,
924,029
Stanley & Co. and Smith Barney & Co. on March
fered at 101.592 and interest $18,000,000 1st mtge
income &
charges
—V.
*56,560
...
159,
Oklahoma
1042.
oper.
after
♦54,161
18,535,309
inc.
—
from
New York New Haven &
Income
51,895
income
From January
Gross
43
-
-
ry,
9,810,245
p.
1,065
48,126
railway-
from
Net
8,529,597
income
ry,
*24,441
railway
railway
oper.
Other
.Net
$226,262
"16,042
February—
from railway
4,924,899
1,701,503
income-
oper.
159,
$267,983
104,457
Gross
Net
profits
exc.
except
accounts,
—,
from
from
Oklahoma
113,964,960 102,550,784
70,234,654
86,559,138
accruals.
fac. rents
"Includes Fed
—V.
$436,064
91,025
income...
oper.
1941
1942
1943
1944
$476,101
railway
♦Deficit.—V.
14,390,314
income
Net
accounts
8.
U.
—
-
.
32,316,130
fixed
334,220
$342,682
1944—2 Mos.—1943
14,015,132
deducts,
Total
334,242
stks. for the period
railway.
"Deficit.—V.
7,648
-315
849
69
•
demand
ry.
Net ry.
27,405,822
Total
$676,902
From Jan. 1—
7,617,121
income
Misc.
.
$299,192
1150.
from
from
v'
34,614,007
432,576
424,439"
$633,434
$69,974
■
...
p.
Net
17,402,203
ry.
Other
Net
1
Borrowings
interbank
732
15
+
8,335
,-j
^
i
+
+
.
Domestic banks
■,
—581
32,860
6,407
10,493
—
159,
Net
6,914,410
tax
3.794
$1,109,478
>
37,040
36,148
$84,036
applic. to pfd.
Gross
13,534,022
& joint
7,536
$1 057,873
$106,014
Northwestern Pacific RR.—Earnings—
revenue—.—
"Railway
$1,105,684
275
850
$120,234
charges.
etc.,
Balance
52,016,210
revs
Total
deposits-adjusted
"<;*>.
(net)
income.—
Net
20 and Nov. 26.—V. 158,
1944—Month—1943
exps...
Eqp.
18
$1,050,337
$105,739
$119,334
revenues
income.—...
Interest,
56,322,787
42,788,765
oper.
487
—
23
income
Gross
26
+
—109
______
limited-term
oper.
Other
Central RR. Co.—Earnings—
York
Period End. February—
deposits
approrp.
of
investments;
Gross
87
—
29
—
:•
578
:
-
_
taxes
Prop, retirement re¬
Auction Co.—Declares
oper.
Liabilities-
Gold
47,120,
/
Railway
Net
—670
Obligations guaranteed by U, 8. Government 18,004
Other securities—
2,897
Reserve with Federal Reserve Banks..--.*,*—
8,521
Cash in vault—
————J'
549
Balances with domestic banks
2,074
to
55,140
.
U. S. bonds
Debits
260,362
72,438
$496,550
A :;
(Including All Leased Lines)
—
loafiS——1—^r^i->i_'':'l,218
—3,488
Treasury certificates of indebtedness
8,877
Treasury notes.
7,290
Time
263,559
Net
•Other
Demand
expenses—
1940.
Net
909
—617
Other loans for purchasing or carrying:
U. S. Government obligations—619
Other securities————301
Real estate loans
:
1,082
Loans to banks_.*J—___59
•
follows:
as
Period End, Feb.-
o
Other securities
$5,106,220
revenues....
taxes—__
Amort,
159, p. 939.
New
395
+
t
$5,486,115
2,960,140
637,415
Other
six months* interest accumulations to hold¬
bonds, in the aggregate amount of $3,by Order No. 2371, entered Sept. 18, 1943,
Eastern Division, Eastern Judicial Dis¬
1,682
chasing or carrying:
Treasury bills
of
-
Railway
—
,
1944—12 Mos.—1943
1944—Month—1943
registered
and
Since
Commercial,
U. S, Government
Mexico Ry.—To Pay Part
Trustee, in a notice
of first mortgage and income bonds, on March
ments of 25
3-24-43
+ 10,397
—257
investments—total
'
52,401
*
— 11.175
industrial, and agricultural
loans——_
———
6,370
Loans
to brokers and dealers
for pur¬
Loans and
.
year.—V. 159, p. 1290.
Federal
10-Cent Dividend—
A dividend of 10 cents per share has been declared on the capital
stock, payable April 15 to holders of record April 5. Last year, pay¬
•
—484
•
air
$527,501
Net
3-15-44
•. v-
the 29-day month totaled 388,087,762, an
mail pound miles over that for February
for
Operating
Orleans; Texas &
New York
p.
Decrease (—)
miles
186,744,202
February—
,
3-22-44
■'
planes
Northwestern Electric Co.—Earnings—
millions of dollars)
(+) or 'J
of
Period End. Jan. 31-—
si
"
(a) For three six months' periods ended, respectively, April 1, 1939,
Oct. 1, 1939, and April 1, 1940, on first mortgage series A and B bonds.
(b) For three six months' periods ended, respectively, Aug. 1, 1939,
Feb, 1, 1940, and Aug. 1, 1940, on first mortgage series C and D bonds.
tc) For three six months' periods ended, respectively, April 1. 1942,
Oct. 1, 1942, and April 1, 1943, on non-cumulative income bonds.
In pursuance of said Court Order said payment is to be made to said
bondholders on and after April 4, 1944, and shall be received and ac¬
cepted by them subject to the provisions and conditions of said Order.
•I.
P.
Morgan & Co Incorporated, New York City, is paying agent.
000
Increase
pound
of last
1150.
Missouri,
trict of
000,000.
<
Mail
increase
425,025, has been authorizezd
of the U. S. District Court,
.
;
in February totaled
carried the same month
General Manager of NWA,
Airlines
President and
.
bearer
of
ers
declined in nearly all dis¬
tricts, the principal decreases being $275,000,000 in New
York City and $155,000,000 in the Chicago District; all
reporting member banks showed a reduction of $581,-
'
Croil Hunter,
recently.
•
544,586
$1,202,503
Up—
Northeast
on
year,
announced
$4,460,801
2,174,318
Interest—Guy A. Thompson,
Back
deposits adjusted
(In
last
of
■
$3,921,407
carried
mail
487,897 pounds, as.compared to 259,346 pounds
■
180,005
Payment equal to three
posit accounts, follows:
■
$382,040
to holders
^
Air Mail Traffic
Air
12,437
■
197,952
p.
New
316,253
,
portion of the
1943,
30,
Operating
1387)
the total decrease being $79,000,000.
Holdings of "other
securities" increased $45,000,000, mostly in New York
Assets— '
31,770
$347,281
28 stated
■
2,356
Balance:.'..--J*—
■
—V.
(Continued from page
Demand
$4,448,364
2,847,508
$149,329
$202,035
applicable to preferred stocks
Dividends
159, p. 939.
City.
$3,889,637
charges
705,685
2,034,682
railway
$379,684
any unsubscribed
8.
the company had total assets of $8,063,935,
including cash and other current assets of $6,536,2C2.
The company
has no funded debt or preferred stock.
Its profit and loss statement
for the fiscal year ended June 30,
1943, shows operating revenues of
$4,764,934 and net profit of $300,092 after taxes.
3,588,230
$344,837
approp.
158,263
77,847
1—
railway
oper.
316,128
2,201,389
1,245,341
238,655
452,891
income—
From January
Gross
$1,047,136
594,783
126,887
$1,016,077
.
railway
oper.
1943
1944
•
Net
Net
294,500
3,534,000
April
about
or
June
2,959,761
294,500
revenues.— :
(net)—.
income
Net
1941
$337,594
5,238,845
3,066,640
"public offering of
planning a
on
of
As
10,734,383
249,242
income
RR.—Earnings—
1942
12,921,977
403,240
income
Gross
$629,721
922,298
528,950
....
res.
oper.
Other
1042;
1,078,176
263,997
taxes
Interest
February—•
—
taxes
Prop.
Telegraph Co.—Resignation
It
is
announced that Harvey 8. Hoshour has resigned as jicePresident and General Counsel, effective March 31, 1944, to reenter
England Telephone &
New
revenues
stock
1944-Month—1943
1944—12 Mos.—1943
$2,510,460
$2,248,964 $28,651,099 $24,578,246
Oper. expenses, exclud¬
ing direct taxes-**-—'
Investment News
which is
Inc.—Earnings-
Orleans Public Service
New
Period End. February-
Monday, April 3, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1388
preferred
new
dividends at
stock
will
the rate of 4%%
be
entitled
per annum
to
quarterly
cumulative
payable on Feb. 15, May 15,
15 and Nov. 15 of each year, beginning May 15, 1944, and cumu¬
lative from Feb. 15, 1944.
Subject to redemption ac option of com¬
Aug.
Total reserves—19,742,629
U
18,260
+
118
Electric
—1,042,043
70,207
+
2,682
—
totaled
for the week ended March 25, 1944,
compared with 37,354,000 kwh. for the
output of this company
kwh„
40,960,000
as
corresponding week last year, an increase of
8. Govt, securities:
6,733,376
i
Bills—
Certificates—....
2,951,340
Notes—.
,
23,818
+
9,976
!
Industrial loans..
—
82,928
Discounts and advances—_
Bonds—
...
1,451,467
+
+
4,646,863
+
2,101,665
186,689
+
Operation
—
—
12,297,447
12,390,351
F. R. notes of other banks—
82,364
1,781,852
Bank premises
34,974
Other assets..
61,138
Total assets..;
+
54,698
73,076
+6,378,317
+
6,445,842
+
+
136
„
Uncollected items
89
3~656
+
Federal Reserve notes...
+
343,274
—
+
38
1,949
71,806
4,083
—
Provision
Net
+5,746,815
17,498,702
+
69,330
+4,740,206
Member bank—reserve acct...
12,053,244
U. S. Treasurer—gen. accts.—
—351,828
293,398
Preferred
Common
258,093
698,244
credits
21,436
684,992
Dec.
+
2,951
Other liabs., incl. accrd. divs
8,009
33,653,720
—
—
+
—
69,348
+
+
231,487
530
+
72,740
2,427
+5,717,336
Capital Accounts—
Capital paid in
156,587
54
Surplus (Section 13b)
26,965
68,075
...
+
9,676
+
188,097
;
27,686
136
+
880
882,000
Ratio of total
res.
34,093,444
•
+
5,746,815
to deposit &
F. R. note liabilities combined
to
71,806
make
61.3%
16.4%
—
indus-
.trial loans.—„
•
11,165,
1,934
—
*;
1,978
Open rev.
Net
$1,791,296
—...
———_____
$1,136,885
27,135
1,048,794
$1,039,887
27,135
961,395
-
dividends
——
dividends
for
for
post-war
Federal
excess
profits
tax
is
after
refunds for the years ended Dec. 31,
and $4,400, respectively.—V. 159, p.
31, 1942, of $14,309
The
stock
now
1943
$3,875,589
16,455
$4,778,423
28,332
$5,580,028
—
net
$3,892,044
828,980
$4,806,755
886,792
$5,610,915
855,816
$3,063,064
$3,919,963
$4,755,099
583,220
486,000
2,332,000
income
oper.
Other income, net
30,887
$5,741,118
31.401
Balance before
deducting
1943, and
1150.
$5,772,519
Net
Estimated
not
$2,479,844 *$3,433,963 *$2,423,099
income
full
taxes
computed
on
related
to
income
Federal
excess
completion of this financing the company will have outstand¬
ing 352,380 shares of a total authorized issue of 600,000 shares.
Stockholders will receive pro rata rights to subscribe for the ad¬
ditional shares in the ratio of one new share for each two shares held
as
of March 25, at $16 a share.
These rights expire 3 p. m., EWT,
giving
effect to proposed finan¬
basis of laws in effect Nov. 30, 1943,
regular
Federal
common
State
after
the effect on non-recurring transactions
exclusive of
to stock¬
<
-
State
income taxes
cing,
Airlines, Inc.—Stock Offered—
Federal
taxes
and State
Prov. for Fed. and
and
effective.
income
Int. and other chgs.,
843,526
registration statement covering the proposed offering
of an additional issue of 117,460 shares (no par)
is
Nov. 30,
1943
$9,454,672 $11,221,754 $12,796,245 $13,191,153
5,579,083
6,443,331
7,216,217
7,450,040
_;—
deductions—
revenues
92,117
$1,883,413
.....
...
Ended
1942
39,600
operations:
taxes
$843,000
profits taxes
2,077,000
taxes
income
100,000
Upon
April
6.
Proceeds
of
this
financing
will
be used
for
general
corporate pur¬
speicfically, it is expected they will be used for the acquisition
of additional flying,
communications and other equipment, the con¬
struction of hangars, the purchase of machinery and ether facilities
in
connection with its present routes and such new routes as may
hereafter be acquired or participated in by the company.
poses;
Total liabilities & cap. accts...
Operating
•
107,038
holders
8,019
—
$1,852,532
Months
August 31
939.797
V
743,216
73,252
888,816
965,940
129,780
12
1941
723,020
"V
$1,959,570
822,685
...
66,036
1,423,170
...
....
Note—Provision
706,056
+
14,723,839
...
...
income
+
......
Commitments
Earnings,
Gross
753,087
Deferred availability items—
taxes
—__
....
income
Northwest
Total liabilities—
income.
deductions
Income
353,121
...
*
profits tax
excess
income
Gross
1,564,387
—
for
operating
Other
13,485
—
Deposits:
Other capital accounts
294,653
2,155,769
742,020
income)
and State income
for Federal
Prov.
Net
Surplus (Section 7)
1942
—
(other than
Taxes
17,221
—119,319
—
34,093,444
Total deposits
at any
$6,834,880
—__
Depreciation
Liabilities—
Foreign—
•
whole
a
.
Total loans and securities..
Other..
—
—
.„
Maintenance
(incl. guar. sec,)—.
foreign banks
1943
$7,141,952
2,268,211
12 Months Ended Dec. 31—r
.
as
per share if
redeemed prior
redeemed on Feb. 1, 1949, or
(Wis.) (& Subs.)—Earns.—
Operating revenues
556,900
6~500
Total U. S. Govt, securities
Due from
Northern States Power Co.
18,502
66,700
+
—
1,161,264
time or in part from time to# time at $55
to Feb. 1, 1949, at $54 "per share if
thereafter prior to Feb. 1, 1954, and at
$53 per share if redeemed on or after Feb. 1, 1S54, in each case to¬
gether will all dividends accrued or in arrears thereon.
pany,
9.7%.—V. 159, p. 1290.
>
Auchincloss, Parker & ;Redpath
heads a group of investment firms
Total
Annual
27/a %
Annual
I
....
f$3,020,000
requirements on $18,000,000 1st mtge. bonds,
1961, to be outstanding
requirements on $6,500,000 maxim, bank loan,
517,500
—
int.
series due
int.
2%%, payable serially 1945 to 1950, to be outstanding—_
Other income charges, net
180,000 shrs. of pfd stock,
(4%%, $50 par) to be outstanding—
_v
Annual dividend
series A
♦The
include
net
requirements
income
amounts
credited direct to
of
for
154,375
33,930
on
427,500
the 12 months ended Aug. 31, 1942 and L943,
and $260,750, respectively, which were'
$781,000
earned surplus on the books of the company.
These
Volume
amounts
159
Number 4269^
represented
net
reduction
THE COMMERCIAL &
in
provision
for
recurring transactions.
tThis
amount
mated
exact
is
effect
of
considered
the
which
available deductions,
recently
is
not
accrue
sufficient
enacted
yet
for surtax
preferred stock will
new
on
non¬
the
esti¬
Parmelee Transportation
>
also
under
taxes
taxes
to
provide
Revenue
determinable.
for
Act
of
Under
purposes, of dividends
to the company.
1943,
Act
any
upon
the
paid
Pillsbury Flour Mills Co. (Del.)-^Diversification—
As
a step in further
diversifying its operations in the food processing
this company is now packaging dehydrated soup
mixes, which
going in considerable quantities to military and lend-lease
agencies.
The most recent of the firm's
products of this type is a dehydrated
green pea soup mix packed in five-pound cartons.
When mixed with
five gallons of water, this
product will serve 40 persons.—V. 159, p. 452.
field,
are
Application of Proceeds
.The
the
net
sale
proceeds,
of
the
$27,047,258
exclusive
bonds
new
after
of
duplicate interest
with such additional
of
and
accrued
the
and
deducting
interest
new
and
preferred
estimated
expenses
dividends,
stock
at
Patino Mines & Enterprises Consolidated
Pay Dividend of 75 Cents Per Share—
from
(estimated
$158,644
at
exclusive
The directors
dividends
amounting to $96,814), together
(up to a maximum of $6,500,000) as
may be
required and obtained from the proceeds of the new bank
loan, will be applied by the company to the following purposes:
(1) Redemption of $16,500,000 1st mtge. bonds, series B
•,
j
3%% (.due Aug.
V
mtge. bonds, series C 3%, due April 1, 1956, at 104%%
Payment of $3,500,000 of bank loan maturing serially
(2)
1,
1955, at 104VSt%
and
$3,678,000
1st
of
To
predecessor corporation)
effect
(in
sum
all
by the
the
general
reduced
into
day
to
prior
substantially
sources
to
be
of
shown
$5.50
and
The
the
convertible
the
accrued
interest
and
accrued
paid.
'
maturing
1,
serially
April
1950
Aug.
be
Preferred stock, series A
Common stock
it
;
into
stock.
basis
of
day for
a
share
per
Net
15, June 25, Oct. 15 and Dec. 30,
supply of
for
nine
corn
*
the
are
the
to
company
are
other
-
pounds
the
of
company
it
ization
partial
or
mated
its
stock
into
basis
of
requirements
at
68,000.
in
of
32
communities.
at
city
communities,
Approximately
terms
approximately
of
100
lines
and
corn
Corp.
a seven-day week,
receipts have been
—
compared
as
excess
Business
In¬
the
executive
•..•
,•
against
committee
last
the
of
since
1930.—V.
>
159, p.
Federal
having
one-third
business
:
.
year's
in
in
cities
is
and
towns
estimated
gas
that
the
in
consumers
the
intermediate
and
surrounding territory. It
company supplies approximately 60',6 of all the
the State
of
board
of
various
for
ail
other
and
classes
of
service
refrigeration
classes
of
including
cooking,
miscellaneous
include
cotton
ginning
oil
and
heating,
water
process
refineries,
cotton
brick,
plants,
oil
ice,
The
and
of
names
the
the
several
Morgan
New
principal
principal amount of
follows: y. -y;
of
new
Stanley
&
ucts
ferred
stock
written
Stone
the
and
by each
the
are
Webster
&
Blodget,
A.
of
:
of
several
New
of
of
shares
-.
Merril
new
preferred stock
y.- ;
Lynch,
&
ner
the
Pierce,
Net
Estabrook &
5,000
E. H.
Rollins & Sons,
Schoellkopf,
First
Hutton
Boston C0rp._______4._ll,500
Graham, Parsons & Co,—_ 5,000
Harris,
Spencer
Co.
<Inc.)__
Pomeroy,
5,000
Hawley, Shepard & Co.—_ 1,750
Hornblower & Weeks
5,000
Kebbon, McCormick & Co.__ 2,000
Langley & Co
Higginson Corp._
Lee
—V.
Trask
&
5,000
Co
5,000
Securities
Union
Corp—___ 11,500
——
7,500
Whiting, Weeks & Stubbs Inc. 4,000
The
Wisconsin
Witter
Co
&
Co
Dean
Harold E. Wood & Co.—
—
f.OOO
6,872,908
equipments-
Total
stores'
•Profit
Net
net
before
Estimated
Jan.
/
31—
1944
sales
$6,510,147
$5,942,062
706,664
income
451,706
190,000
90,000
$256,664
$261,706
share—$1.28
$1.31
charges.
Pacific
Coast
Co.
(&
from
Cost
of
other
Bond
and
merchandise and
Prov.
for
excess
Prov.
for conting.
i
and
(net)
surtax
Net
p.
30,459,371
25,495,916
921,945
2,084,103
*"___
<
56,067,545
2,630,803
2,375,712
1,724,975
1,140,801
1,489,315
3,161,272
2,808,595
19,712,373
17,391,372
37,665,717
__
9,791,000
9,768,990
19,428,000
19,383,842
profits tax_________
and post-war adjustments—
$6,320,663
5,238,343
149,306
66,125
200,000
150,000
$310,530
.
$512,101
2193.
1,328,449
428,080
income-
$6,549,106
rents
Net ry.
oper.
Earnings
February—
Gross
Pacific Electric Ry. Co.—Bonds Called—
outstanding 5% collateral trust bonds due Jan. 1, 1957,
have been called for redemption as of May. 1, 1944 at 100 and interest.
Payment will be made at the Local Treasurer's office, Southern Pacific
Co., 65 Market St., San Francisco, Calif., the Treasurer's office, South¬
ern
Pacific Co., 165 Broadway, New York, N. Y., or at the Treasurer's
office, Pacific Electric Ry. Co., 610 South Main St., Los Angeles, Calif.
—V. 159, p. 452.
1942
1941
$121,327
$126,794
27,715
23,325
55,502
*2,943
15,573
8,822
38,946
231,348
,
Net
from
ry.
railway
railway
Company Only
159, p. 452,
17,392,174
11,194,094
6,571,800
4,544,928
Net
from
Net
ry.
—V.
1943
$140,372
1942
;
$96,072
1941
$78,219
$73,843
28,606 W
23,377
15,682
21,390
20,889
4,826
274,807
191,726
168,279
155,277
97,050
58,204
53,581
37,695
80,881
36,711
46,581
17,564
57,637
s
income.__
974, 585, 452.
1944
1943
1942
1941
$576,890
$628,491
$393,333
$358,435
185,098
..225,424
126,349
111,182
income—
147,317
132,027
115,273
95,671
1,153,152
1,255,509
858,991
737,823
364,860
441,526
299,613
245,335
285,308
268,972
256,827
216,329
:
railway.
railway
income—.
oper.
159,
'■■Vy;
974.
P.
(The)
;
.
-'.V'• '
■■
'■
Pittston
Co.—Exchange Plan Extended—Class
A Preference Stock Called For Redemption—
The
dircetors
April
28,
stock
may
tures
due
be
March
on
1944
the
time
exchanged
Jan.
1,
1964,
extended
24
within
for
to
of
5J/2%
April 29,
then
pursuant
Plan
to
accrued
1944
class
remaining
will
be
dividends
redeemed
of
$1.83Mj
/
v'.'-
date
that
on
per
business
on
preference
A
income
deben¬
Exchange dated Dec.
of
preference
A
of
of. class
cumulative
r
the
close
the
shares
which
20-year
O.'v:
All
.7
at
27,
>'
stock
$100
share.-
outstanding
per
share,
on
plus
•
$1,100,000 Bank Loan Negotiated—
The company on Feb. 17 negotiated a
the Manufacturers Trust Co., New York
to
1,
The
retire
1948,
loan
borrowed
2,024,441
5,704,575
p.
83,305,121
railway--—,
income—
37,809,504
36,932,074
23,922,599
$1,148,000
the
entire
agreement
by
the
and
3%
is
issue
provides
7
trust
that
The
repayable
bank loan of $1,100,000 with
City, proceeds of which were
4%
series B bonds, due
outstanding.
collateral
company.
879, 642.
additional
an
$1,100,000
in
three,
V
$400,000
may
loan bears annual
annual
be
interest
installments.—V„
159,
:
11,523,365
5,711,955
Pollak Mfg. Co., Inc.—To Pay 25-Cent
21,339,372
12,184,637
12,080,290
A' dividend
stock,
of
cents
25
no
par
value,
Payments
1151.
p.
82,293
585, 974.
•
oper.
159,
113,921
13,281
income—
from
ry.
'•/ '■
railway.— 159,468,702 142,063,372 107,194,458
income—
262,595
42,719
1944
oper.
Net
—v.
of
oper.
from
245,809
48,363
23,164
railway
railway—
from
10,391,337
From Jan. 1—
Gross
223,331
*1,290
from
ry.
1941
$79,935,409 $68,563,128 $51,846,286 $40,701,866
19,724,455
;
From Jan. 1—•
Nov.
1942
1943
—
24,865
55,237
p.
from
used
of
,
railway
159,
Net
471,598
$4,534,989 $12,017,908 $11,497,090
1944
from
last
year
were
Dividend—
share has been declared
per
payable
as
the
on
common
April 12 to holders of record April 3.
follows:
April 17, 15 cents; Oct, 29, 20
cents, and Dec. 23, 40 cents.-
Pere Marquette Ry.—February
Period End.
Gross
&
excess
Earnings—
$4,405,435
Changes In Personnel—
1944—2 Mos.—1943
1944—Month—1943
February-
income___.
oper.
$8,898,808
$4,166,908
$8,337,456
in¬
Carl
940,091
v_
411,440
513,221
901,219
223,035
197,420
450,040
405.818
428,232
647,445
738,228
226,783
432,132
438,119
788,441
and
159, p.
loss—
1290.*'
Federal
Pharis Tire
Rubber
&
has
company
purchased
Tire & Rubber Co. as
a
Co.—Acquisition—
a
Other
interest in the Carlisle
expansion program.—V. 159,
controlling
further step in its
and
has
Treasurer,
formerly
Calabro,
Philadelphia Electric Co.—Weekly Output—
The
electric
week ended
of
p.
output
March
13.483,000 kwh.,
1290.
25,
or
for this company and its subsidiaries for the
1944 amounted to 129,548,000 kwli., an increase
11.6%,
over
the same period last year.—V.
There
have
in
1,
March
J.
1944—Month—1943
$460,642
$5,463,975
—
356,678
341,784
7,102
2,183
3,189,855
184,977
of
Gross
1962,
1,
.
called
at
102
for
redemption
as
of
May
1,
1944,
Net
out of
328,377
354,078
27,083
325,000
320,833
69
re-
140
$105,944
$51,256
$1,435,69 7
$1,126,918
/
33,069
-
7
,
38,336
v.:
limited-term
and
$100,000 of 20-year 3% debentures due
$100,000 of 20ryear 3%
debentures due
Payment will be made at the office of
103%.
Incorporated, trustee, 23 Wall St.. New York, N, Y.
due May 1, 1944. should be presented to The National City
New York, 55 Wall St.,
New York, N. Y., for payment.—
1963,
at
of
159,
p.
connected with the American
158.
p.
1476.
Mr.
Rolling Mill Co. and Great Lakes Steel Co.
Dr4
193
Dr42
$51,252
$1,435,890
$1,126,876
charges—
39,209
40,464
473,622
478,345
——
$66,704
$10,788
$962,268
$648,531
430,167
430,167
$532,101
$218,364
(Dividends accumulated and unpaid to Jan. 31, 1944, amounted to
$3,641,634. after giving effect to dividends amounting to $1.75 a share
on
7% preferred stock and $1.50 a share on 6% preferred stock de¬
clared
for
payment
dividend
stock,
par
$1,
distributions
p.
897.
of
25
1,
1944.
Dividends
on
these
stocks
are
1151.
p.
of America,
cents per
payable
were
Feb.
on
159,
Pressed Metals
A
to fill
the vacancy caused
Thomson was formerly
Dr31
$105,913
—_
Balance
Co.—New President—
Thomson has been elected President
by the recent death of Samuel J. Reeves.
—V.
and
income
cumulative.—V.
1290.
Phoenix Iron
David
income
(Divs. applic. to pfd. stocks for the period
fund,
$4,720,748
2,796,760
122,019
27,083
/
—
retirement
approp—
Interest
sinking
Vice-
1944—12 Mos.—1943
$529,876
expenses
Net oper. revenues___
Other income (net)
159,
P. Morgan & Co.
Bank
V.
been
the
named
as
Coke Co.—Earnings-
—
taxes
serve
Philip Morris & Co., Ltd., Inc.—Bonds Called—
moneys
been
Secretary,
revenues
taxes
Property
Amort,
385.
Peter
A.
Period End. Jan. 31—
Operating
Operating
.
George
Portland Gas &
Balance transferable to
profit
Vice-President
Vice-President;
King, formerly Comptroller, as Treasurer, and
Saul Tischler, Assistant Secretary, as Secretary and General Counsel.
—V. 159, p. 113.
1,168,081
—V.
Schlesinger,
Executive
President;
profits
Other railway taxes
Net operating income__
Coupons
Alj of the
1943
$113,847
9,954
Pittsburgh & West Virginia Ry.—Earnings—
1,796,286
221,849
40,563
79,350
151,000
251,635
1944
February—
36,925,344
1,015,270
.
96,941
23,628
—V.
1,916,993
65,844,687
188,873
retire.
the
-1
$112,784
investments
5,635,205
taxes
income
158,
12,331,047
27,412,195
965,027
May
—V.
142,315,500
16,725,395
(Dr bal.)
p.
—J' $6,584,064
—
_
other interest
normal
159,734,150
17,888,197
1,812,646
1942
operating expenses, deprec,,
and taxes
for
68,691,865
8,005,190
op.
ry.
for
'
standstill.
a
railway
oper.
1943.
from
$5.09
$3.50
year
at
1,963,882
revenue
Minority share Pacific Coast Cement Corp.
Prov.
<Jj
2,141,787
i
1943
operations
goods sold,
depletion
1944—2 Mos—1943
2,321,493
$0.99
Subs.)—Earnings-
Year Ended Dec. 31—
Sales of products and
J
887,847
$199,266'
(On 199,963 shares of capital stock.—V. 158, p. 2193.
past
railway—___
from
ry.
Net
RR.)
962,427
The
After
E.
1,154,148
289,266
450,000
taxes
profit
per
1942
1943
$7,589,032
taxes
Federal
(Earnings
*
Ended
15,053,263
expenses
taxes
Months
&
32,437,703
1,287,557
Federal & Canadian
159, p. 1290.
the
fron> railway—
Gross
1,064,219
4,000
7,500
Oppenheim, Collins & Co., Inc.—Earnings—
6
B.
1944—Month—1943
& struct.
rev.
come
■
System-^Earnings—
and
compared to
as
•
income—
oper.
Net
■:
taxes
4,000
5,000
ry.
Gross
$1,746,602
White, Weld & Co.
M. Kidder & Co
1,000
Kidder, Peabody & Co.—__U,500
C.
RR.
80,069,727
operations
Net
Tucker, Anthony & Co
A.
W.
February—
I.
paid,
were
From Jan. 1-^-
3,843,998
taxes__
8.000
1,000
Net
Net
1,000
&
Inc.—
share
per
railway
railway—
from
$5,590,600
3,837,992
Equip, rents (Dr bal.)__
Inc— 7,500
Smallwood & Co.:
&
$5,778,028
Jt. facil.
5,000
5,000
$4
practically
Gross from
;
_____
&
—_
of
oper.
Net
30,641
$441,774
$453,477
stocks
(Excludes L.
1942
$6.06
Pittsburg & Shawmut RR.—Earnings—
5,516,938
$1,940,036
Railway taxes
Unemploym't ins.
1
Curtis
7,500
Co
** 56,088
to preferred
Co._ 1,750
&
Jackson
Webber,
Paine,
5,000
Eastman, Dillon & Co,*
Murch
Pacific Co. of California--—
____
(Inc.)
2,712
980,948
General
2,000
Maynard H.
1943
February—
$903,641 $11,301,133 $11,107,538
2,000
Middendorf & Co., Inc._____
$1,116,358
$13,339,588 $11,237,132
•Deficit.—V.
$11,076,897
5,523,105
way
Railroad
2,000
$870,131
from
from
Net ry.
°16,949
450,164
revenues
of
Miscell.
under¬
__
2,998
470,673
oper.
of
Maint.
pre¬
—
$516,416
share.:
February—
from railway—
from railway
7,399.631
$900,929 $11,245,045
$912,447
Transportation
Fen-
Beane
$706,691
$383,373
taxes
Gross
2,033,571
8,605
Traffic
y
Merrill, Turben & Co
$580,813
,
3,296,667
7,020,088
jj*
Net
of
2,021,559
'
Railway
as
■
5,000
Blyth & Co., Inc.——11,500
Bosworth, Chanute, Loughridge & Co.
2,000
Hall
•'/ '
•
.
11,500
Co.
new
,y-
and
Inc.—
Allyn & Co., Inc
Bacon, Whipple & Co.
Republic
are
.y: y.
$344,801
Pittsburg Shawmut & Northern RR.—Earnings—
Gross
1151.
p.
Period End.
Stock
underwriters
follows:
159,
%
9,000,000
—
Preferred
principal
number
as
C.
Central
■
6,827
$302,370
23,161,005
3,481,667
Pennsylvania RR. Regional
tile
bonds
new
368,901
6,839
j'-'.'""
974.
per
were
Gross
174,652
j____
water
each
26,152,264
1,379
charges——
Balance
—V.
$9,000,000
Purchasers
names
the
by
Co
Smith, Barney & Co.__
The
of
y,'"yy./;.
■■ ■
295,688
3,434
_—.„
ry. oper. income
From January 1—
727,408
$903,842
_______
Dividends applicable
Maint.
underwritten
178,063
3,391
Working in close cooperation with Government and military authori¬
ties, the company has been primarily engaged In production for war.—
V. 159, p. 773.
'
Q Net income
Bonds
underwriters
bonds
';/\y y•""'■v'V-yV:;•;
2,014,934
"
income
Interest
pumping and electric power plants, steel, metal working and aircraft
manufacturing plants, chemicals, food processing, meat packing, zinc
smelters, railroad shops and many other industries.
Purchasers
Gross
and
glass,
140,273
Net
of' limited-term
space
Industrial
use.
$1,082,419
income
Net
r
Oklahoma.
consumers
plants,
cement
and
$883,340
$1,040,553
have, in general, proved satisfactory,
H. S. Wherrett, Chairman of the
board, and H. B. Higgins, President,
told stockholders;
although most of the markets that normally con¬
sumed the greatest quantities of the
company's paint and glass prod¬
directors.
285,833
—
'Company serves approximately 190,500 consumers including approxi¬
mately 189,000 residential and commercial consumers who use gas
heating,
41,866
$526,298
______
preceding year.
Operations for
two-month
166,117
311,667
approp.
> Net oper. revenues—.
Other income
(net)
of volume
additional one-third
54,180
$446,034
profits
Dividends
.
791,263
res.
investments
esti¬
the
of
$829,160
22,200
charges—
p.
Earnings
1044.
2,201,139
taxes
ret.
Amort,
the full
population
a
the
of
taxes
taxes
Other
of gas sold is in Tulsa and vicinity, an
in Oklahoma City and vicinity, and the remainder
company,
direct
Prop.
660,000
gates either
$504,098
Pittsburgh Plate Glass Co.—Earnings—
Net
Iversen. President of the Mesta Machine Co., has been named
of
$420,802
Calendar Years—
v,
■
Cr519,574 Crl, 141,858 Crl,045,467
•^Includes Federal inc. &
■
-v'
3,968,920
25,232
fixed
—V. 159,
Airlines
income.
income
Net income
Pennsylvania Power & Light Co.—Earnings—
ing
addition,
In
1,491,919
deductions
30,000
Period End. February—
1944—Month—1943
1944—12 Mos.—1943
Operating revenues
$4,374,028
$4,105,135 $49,923,621 $46,984,720
Oper. expenses, exclud¬
Oklahoma.
population
transmission
1,264,132
575,647
Net
Business
distribution systems in
own
701,465
tax
Total
Iversen, who has been a PCA director since 1938, succeeds the
George T. Ladd.
Mr. Iversen is also a director of the Fidelity
of Pittsburgh.
He has been President of the Mesta organ¬
late
•
the State of
to
combined
a
through
serves
confined
are
serves
$1,487,005
Misc.
Trust Co.
engaged
'Company
through its
$951,434
Cr544,620
Mr.
for sale at retail and wholesale, and it or its predecessors
in that business since 1906.
All of the operations
gas
been
$685,989
accruals-
pounds.-
of
Lorenz
Company, an operating public utility incorporated Nov. 10, 1933,. in
Delaware, is engaged in the purchasing; producing and- distributing of
have
$451,829
revenue
Total
—
natural
$5,569,638
4,618,204
plants.
the
on
day for
a
*,
403,272
company.
History and
$2,598,068
1,912,079
$5,455,925
2,279,097
maintain
740.
p.
626,433
-
preferred
$2,730,926
Railway
five-day week, whereas normally operations
a
1944—2 Mos.—1943
revs
exps
Net ry. oper.
Other income
Curtailed—
hand
on
threatened in
bushels
present purchases of
159,
carried
actual
prior
1944—Month—1943
oper.
oper.
ten
or
basis of 35,000
stated
total
9,000,000
the
$1
carried during January and February of 1943.
During these same two
PCA recorded a 55.34%
increase in express poundage, having
t8,250,000
the
activities
announced.
Chairman
840,000 shs.'
of
Obtaining
months
80,000
_
possible conversions of
(Issuable in series.
of
to
Railway
Railway
in
New Official Named—
(4%%, $50 par).—___ 180,000 shs.
stock
common
(Disregards
rate
made
During the first two months of this year PCA carried
831,578 pounds
mail, or an increase of 37.68% over the 604,004 pounds of mail
•
common
estimated
an
curtailed
the
Bedford
is
of
contracting of
such loans, to the extent that the amounts
required for the redemption
of the prior preferred stock are reduced
through conversion of such
stock
the
at
subject
be
by Pennsylvania-Central's Capital Liners
during January and February of this year showed material increases
over mail and
express carried during these same two months last
year,
*6,500,000
.^Subject to reduction, prior to and after
share,
will
Air express and mail carried
'
—
($15 par)
March
on
Pennsylvania-Central
;
to
*
funds
Payment
per
Distributions
creased—
maturing serially
1947
30,
cents
share, payable
per
be
Authorized
Outstdg.
t$100,000,000
18,000,000 $18,000,000
1945,
1,
:
present
on
Mr.
:
1961, due April 1, 1961__
series due
loan
75
April 4.
Pittsburgh & Lake Erie RR. Co.—Earnings—
Period End. Feb.—
9d.
Ford, Ltd., Inc.—Operations
disappointing.—V.
Capitalization Giving Effect to New Financing
'
S.
a
corn
securities
on
° "
Property purchase obligation,
to
dividends
&
on
have been
from
required
above, will
preferred stock
prior
U.
bushels of
converted, with .cash provided from other
unchanged.
The company will pay from its gen-,
;
; April
available
amount
$35,964,840
as
First, mortgage bonds
2%%
be
of
license.
company has
The
-stock
redeemed and
Bank
will
rate
record
plants to close and shutdowns
payments, a further
of the new securities
aggregate
the
3s.
days, F. T. Bedford,
President, told stockholders at the annual meeting held on March 28.
He added that the corn
shortage already has forced several processing
common
stock of the company, on or before the 10th
redemption date for such stock.
In such case it is
that the new bank loan will be reduced by an amount
equal
to
the redemption price
(exclusive of
accrued
remaining
funds
by the sale
will be needed
company.
payments,
shares
of
•
.
The
operations
the
contemplated
dividends)
provided
the
of
and
should
converted
those
to
funds
made in
Penick
3,500,000
—5,008,025
foregoing redemptions and
bank loan)
new
redemptions
eral
the
addition
and
for
of
at
dividend of
(Inc.)—To
Eqp. & joint fac. rents.
6,380,000
at $55 per shared
stockholders of
a
last year.—V. 159, p. 385.
Redemption of 91,055 shrs. of $3 pfd. stock ($50 par)
(including 84 shares reserved for issue to stockholders
'
to
funds
customary
were
-
ferred stock at $110 per share____
;
S.
the
'
—_
(4)
U.
$21,076,815
*W
to Oct. 1, 1946, at principal amount thereof
Redemption of 58,000 shares of $5.50 conv. prior pre-
(3)
April 15
amounts
have declared
1389
Co.—Debentures Being Paid
It is announced that the
outstanding 6$> sinking fund convertible
debentures due April 1, 1944, are now
being redeemed at the Guaranty
Trust Co., trustee, 140
Broadway, New .York, N. Y.
Interest coupons
due April 1, 1944 should be detached and
presented for payment in
the usual manner.—V. 159,
p. 385.
the
said
FINANCIAL CHRONICLE
May
made
on
Inc.—25-Cent Dividend—■'
share has been declared on the common
15 to holders of record April 15.
Similar
May 15 and Oct. 1, last year.—V. 158,
^ W*' A?
COMMERCIAL & FINANCIAL
THE
1390
Inc.—Earnings—
Calendar Years—
sales
Net
-
profit"::::::::::::!
•Net
new
1943
$8,466,031
$8,525,665
270.696
$0.90
239.905
$0.80
—
—
300,000 shares of
Earnings per share on
stock.
"the manufacturing
including income and excess profits taxes.
The balance sheet of the company at Dec. 31, 1943, shows total cur¬ ■taiuArf.-*;
"Consolidated Income Statement
rent assets of $2,330,052, against total current liabilities of $135,765, a
Years Ended Dec. 31—
/
1943
1942
ratio of over 17 to 1.
:i'.;1/ '/;•:/
5
$
President Powdrell, in his letter to stockholders, said:
♦Sales and operating revenue.—— 552,329,734 521,110.835
"The company has continued to use its facilities in every way pos¬
Cash and disc't allowed customers.
3,268,875
3,218,701
sible to aid the war effort;
Your management is making every
effort
that
reduced to
March 28 declared a dividend of 15 cents
stock, par $15, payable June 15 to holders
A similar distribution was made on March 15, this
quarter during 1943.—V. 159, p. 642.
The directors on
the
common
1.
June
each
in
Other income
of record
year, and
Losses
Inc.—Earnings for 1943 Up
Pressurelube,
$6?'6„5
12.9c
profit after all charges and taxes
per share on 500,000 shs. outstanding
commenting on the report, Philip M.
Earns,
of the company,
corporation is a
history
The
it was stated.
,
Nil
Federal taxes on Inc. 51,311,057
Normal income tax and surtax
6,900,000
Excess profits tax
133,175,000
Post-war refund of exc. profs,, tax.^ Cr775,000
Profit bef.
practicable.—V. 149, p. 3275.
Co.—Earnings—
Pullman
and Auxiliary Operations)
1943—Month—1942
1943—12 Mos.—1942
and Expenses of Car
(Revenues
Period End. Dec.
31-j
Sleeping Car Operations:
Total
revenues
Total
expenses
Net
$
13,450,676
13,563,874
-
*113,198
revenue
Operations:
Auxiliary
Total
revenues
expenses
392,065
———
Total
—
Net
Y
346,221
339,630
256,657
net
1,209,720
28,972,440
23,419,354
*174,950
♦Deficit.—V,
__
3,717,988
5,553,085
159
9,150,769
'
773.
,p.
v
express
(contra)
service,
Total
t
.
466,430
prepaid expenses..
25,720,024
2.357,143
23,549.893
5.988,918
907,613
4,240,451
10,006,807
72,231,523
73.806,350
2,400,000
etc
payrolls,
payable—trade,
....
(other than Fed. taxes on inc.)
1944—2 Mos.—1943
Special
contract
$19,038,431 $18,119,809
1,972,301
1,759,450
3,661,306
3,768,146
159,443
167,027
7,054,956
6,285,965
72,346
54,766
331,537 1
354,440
Funded
and
79,775
3,548,948
3,123,219
31,453
165,962
27,561
161,942
$5,786,542
$5,730,015
Common stock
struct,
equipment-
1,044,556
of
1,849,352
Traffic
Transportation
Miscellaneous
General
—
oper.
—_
expenses
renewal, etc., oper. & conting. res.
etc., insurance res.
Steel Co.
6% prior preference stock
6% convertible preferred stock
Rebuilding,
Minority interest—Truscon
oper.
$2,898 393
accruals—
1,463,283
1,178,846
3,027,566
2,543,996
income—
Equip, rents (net Dr)„
Jt. facil. rents (net Dr)
$1,435,110
$1,748,288
$2,758,976
$3,186,019
262,604
199,932
512,757
243,322
25,552
30,030
51,758
63,457
$1,146,954
$1,518,326
$2,194,461
$2,879,240
Net
-
fr.
rev.
tax
Ry.
ry.
oper.
Net
income
oper.
ry,
159,
1942.—V.
that
this company has
for
acquiring these properties,
purchased equipment
facilities of these plants to meet
territories and to prepare for the
V.
have
158,
2620.
p.
entered into the industrial
S
V
V/'/'
.
;-\Y
•/
named
1943
1049
$1,645,817
Net
Net
s
from
ry.
railway
308,893
Net
from
Net
ry.
3,313,349
2,109,348
764,275
350,544
277,679
—V,
159,
6,319,315
railway
railway——
3,531,567
income—
585,054
oper.
p.
783,704
1,574,480
625,322
,
371,307
$1,
par
.
976.
Republic Steel Corp.—Annual Report—
The directors on
-
the
on
in
the steel
—V.
"
industry respecting costs and
and material costs have risen sharply so that today some of
Republic's products are sold under ceiling prices which do notwjover^
the works' manufacturing costs.
>
The report showed an all-time record for gross sales and operating
revenue in 1943 of $552,329,734 and a net profit of $12,011,057.
Producing 8,651,273 tons of steel ingots, the company's operations
reached a new high of 100.4% capacity.
wages
letter
steel
out that Federal taxes on income absorbed a
of Republic's earnings than was the case of the
to
industry as a whole and that net income after taxes amounted
the
Gross
particularly burdensome to your corporation by reason of its
exceptionally low capitalization per ton of steel produced."
In discussing the post-war period. Mr. Girdler and Mr. Wysor stated
difficulty in transforming steel plants from war¬
there would be little
to peace-time
an
$3,696,547
8,657
$1,223,463
$2,009,898
$3,015,852
$3,687,890
avail,
Jan,
on
production, but that the manufacturing plants pre¬
In these plants the production
entirely different problem.
5,
25 cents per share
of record April 3.
last year, and, in
1944, disbursed
period Jan.
25 ;cents extra..
RR.—Earnings
Net
ry.
1942
1941
railway
$360,683
$328,245
370,814
22,970
51,176
*33,791
4,384
36,164
$253,855
*909
*21,928
732,555
655,823
630.542
527,525
*22,149
29,030
77,800
*8,533
♦71,249
*7,969
45,371
*48,474
income,—
oper.
of
from
Net
ry.
railway—
railway
from
Net
income.—
oper.
1943.—V.
159, p.
$173,222
41,770
$122,510
1,886
$96,693
•1,278
•51,694
•6,523
•40,155
*23,198
railway——
392,030
335,565
•21,304
64,608
261,670
19,313
191,673
railway
oper. income:—
♦132,509
*31,025
*62,607
•58,757
Net
ry.
income.—
oper.
from
from
Net
ry.
♦Deficit.—V.
Co.—New Vice-President—
Ryan Aeronautical
G.
C.
Woodward.
continue
will
Treasurer.—V.
-
•.
his
has been elected a Vice-President.
He
Secretary and will also act as Assistant
Secretary,
duties
158,
p.
as
.
..
.
'. :•
•
;1
Ltd.—Extra Dividend—
share and the usual quarterly
dividend of 35 cents per share have been declared on the common
stock, no par value, both payable May 1 to holders of record March 31:
A similar extra distribution was made on May 1, last year.—V.
158,
p.
extra
1771.
dividend
—
1,778
159, p. 976.
Schenley Distillers Corp. (& Subs.)—Earnings—
Months
6
taxes.—
—8,048,158
share on 1,260,000 com. shares—
$6.04
income
tNet
Earnings per
(1943, $769,000)
to
$33,519,158,
for contingencies and post-war
it was announced today.
provision
tAfter
Federal
for
estimated by the management at
$3.77
of $1,500,000
depreciation, etc., and after provision
interest,
•After
Feb. 29, '44 Feb. 28, '43
$33,519,158 $18,482,117
5,183,117
Ended—
♦Consolidated profit before
adjustments, amounted
income and excess
present rates.
profits taxes, as
renegotiation of any
earnings subject to the renegotiation provisions of the National Defense
Appropriations Act will have no material effect on the earnings as re¬
that the results of
management believes
The
;-!V:YYt ;
ported after provisions for taxes and reserves.
Credit
Bank
New
consummation of a new Bank
Credit Agreement dated April 1,
1944, between the corporation and
21
banks, making available total credits of $63,000,000.
The agree¬
ment provides for ten year revolving credits in the amount of $29,100.000 and five year revolving credits totalling $33,900,000.
These
credits have been negotiated,
it was stated, as part of a long term
plan for post-war operations; no immediate use of the funds is con¬
templated.
An existing bank credit agreement, dated March 2, 1942,
which made available a credit of $15,000,000 up to March 1, 1952, is
being terminated.
The corporation presently has outstanding $13,800,000 principal amount of its ten-year 4%
sinking fund debentures. It
has
Announcement
has
outstanding bank loans.
no
The
made of the
been
the new agreement are: Bankers Trust
National Trust & Savings Association, San Fran¬
Bank, Chicago; First National Bank, Boston;
National Bank, New York; Security-First National Bank, Los An¬
participating in
banks
Co., Bank of America
National
First
cisco;
First
Continental Illinois National Bank & Trust Co., Chicago; Na¬
Bank, Detroit; Bank of the Manhattan Co.; Pennsylvania Co.
and Granting Annuities; Mellon National Bank,
Pittsburgh; First National Bank, St. Louis; Toledo Trust Co.; Commer¬
cial National Bank & Trust Co., New York; Mercantile-Commerce Bank
& Trust Co., St. Louis; Harris Trust & Savings Bank, Chicago; LincolnAlliance Bank & Trust Co., Rochester; First National Bank, Philadel¬
geles;
tional
for Insurances on Lives
phia; First National Bank, Atlanta;
Louis; Citizens Union
of
50
cents
per
Bank, St.
The Boatmen's National
National Bank, Louisville.—V. 159, p.
Scophony Corp. of America—New
485.
Development—
carbon development making pos¬
sible large-screen color television by the Scophony "supersonic" pro¬
jector method.
Developed by the National Carbon Co., the new carbon
technique increases the brilliance of carbcn-arc lamps by seven times
normal standards, bringing it to the level required for the "supersonic"
The
corporation announces
method
television.—V. 158, p. 1284.
color
of
new
a
Scott Paper Co.—Expects to Earn
the annual meeting,
At
Dividend—
held on March '>3, Thnmas B.
McCabe. Presi¬
stated:
"The earnings for the first two months of this year
favorably with those of last year.
A dividend of 45 cents per
common
share for the first quarter has been paid, and I think it is
reasonable to expect we will earn this dividend during the current
dent,
compare
',;
to
run
to give us concern.
enough pulp allocated
material situation is one that continues
raw
the first quarter in getting
the manufacturing
department at a level comparable
with last
Allocations for the second quarter are not yet definite, but the
appears about the same as in the first quarter.
From
the distribution end. orders are still running very heavy and in excess
of our ability
to ship.
We arc still allocating our merchandise to
year.
pulp situation
~
significant thing," said Mr. McCabe, "is the rapid increase
of Government business.
We are handling considerably
"Another
volume
the
in
Government business than we were a year
ago."—V. 159, p. 1189,
Shamrock Oil & Gas Corp.—To Redeem
corporation
The
its
announces
outstanding
$10
all
of
per
share and dividends.
Pfd. Stock—
that it will redeem on April 30, 1944
cumulative preferred stock at $10.50
par
Payment will be made at the
Peoples-Pitts¬
burgh Trust Co., transfer agent, 4th Ave. and Wood St., Pittsburgh, Pa.
Holders of the above mentioned stock may present their certificates
date set for redemption and
redemption price, plus accrued divi¬
1944.—V. 157, p. 1092.
redemption at any time on or before
in
therefor the
payment
cents per share to April 30,
of 20
dends
Sharon Steel Corp.—Increase In
Indebtedness—
authorized the board of directors to
$7,500,000.
A spokesman said the company
no
bonded indebtedness now and that the action was taken in
event additional funds should be required for the post-war ad¬
stockholders
The
March 28
on
by
indebtedness
justment period.—V.
159, p. 48.
Sierra Pacific Power Co.—EarningsPeriod End/Jan. 31—
1944—Month—1943
1944—12 Mos.—lr,43
$224,793
$212,237
$2,533,546
$2,559,596
82,121
80,723
922,915
945,321
9,412
11,225
139,333
125,649
21,343
22,645
252,061
251,181
surtax-
22,900
24,925
270,924
269,504
148,418
revenues-
Operation
Maintenance
General taxes
1
normal &
excess
profits tax_
19,620
8,019
123,011
Retirement res. accruals
13,696
13,841
167,087
166,519
income-
$55,701
$50,858
$658,214
$653,003
521
336
6,915
3.434
$665,130
$656,438
Utility
Other
oper.
income
(net)—
1675.
St. Lawrence Flour Mills Co.,
An
6,077
YY
From Jan. 1—
Gross
1941
1942
1943
1944
railway
railway.,
from
Fed.
1080
and excess
for two
976.
p.
$200,661
from
Gross
Net
Fed.
•Deficit.—V.
for estimated income taxes
1944,
159,
San Antonio Uvalde & Gulf RR.—Earnings—
Operating
From Jan. 1—
Gross
Feb. 29.
1 to
1944, and $1,601,652 in
in February,
$1,024,011
February—
the
,1943
railway—:
from
of
profits tax, compared with $679,005 in month and $1,165,641
months
increase
1944
fixed
for
deductions
receive
$318,568
from
Net
,1,2.17% of sales volume.
" "The provisions," the steel executive said, "of the excess profits tax
time
Inc.—25-Cent Dividend—
March 22 declared a dividend of
payable April 15 to holders
paid on April 15 and Oct. 15,
company
Rutland
,
sented
dividend of 15 cents per share
159, p. 48.
■
law are
$3,024,927
9,074
customers."
and the regular quarterly
was
February-
points
proportion
greater
5,439
$2,014,210
4,313
charges
had
sell¬
prices of steel products is discussed in a letter to stockholders
signed by T. M. Girdler, Chairman, and Ijt. J. Wysor, President of the
corporation, which is a part of Republic 1913 annual report.
It Is pointed out in the letter that steel ceiling prices were first
fixed in April
1941, by executive order and -later extended under the
Emergency Price Control Act of 1942.
In the face of fixed prices,
The
from income—
*Bal.
more
stock,
common
amount
like
ing
t
18,005
$1,228,902
income
♦After
for
Russek's Fifth Avenue,
A
critical situation
stock,
common
addition,
The
24.625
3,148,811
__
income—.
oper
Deducts,
Inc.—15-Cent Common Div.—
March 29 declared a
on
Director—
wholesale department, has been
169,235
5,888,887
3,629,326
629,181
1,691,133
—
income—
oper.
from
p.
1181.
1,733.482
2,915,481
5,337,840
922.049
3,661,463
35,084
——
exps.
We were fortunate in
dividend of
$1.75 per share on the 7% cumulative preferred stock, par $100, both
payable April 15 to holders of record April 7.
Like amounts were paid
on Jan. 15, last (compare V.
159, p. 48).—V. 159, p. 1080.
$1,030,604
-From Jan. 1—
Gross
150,
of the
3063.
Typewriter Co.,
directors1
the
on
1Q41
$2,778,481
1,678,243
290,144
director.—V,
a
head
Campbell,
M.
Royal
RR.—Earnings—
1944
Peet Co., N. Y.—New
Rogers
Robert
V:"J
$3,066,368
February-
railway
Co., Raleigh, N. C.—V. 148, p.
& Coal
Ice
consideration of $600,000.
added the announcement, the new
for the purpose of expanding the
the increased demands of these
post-war oil field requirements.—
2,602,140
519,833
457,335
1,204,276 / 1,996,205
6,322,109
1,047,710
2,978,182
46,744
quarter.
Inc.—New Director—
Cartwright, Vice-President of Hill, Thompson & Co., Inc.,
of the above corporation and of the Raleigh
Clermont
The
from
1290.
p.
has been elected a divector
a
Richmond Fredericksburg & Potomac
Gross
159,
Richmond (Va.) Ice Co.,
its whollyof Dallas,
Foundry & Machine Co., which has a
Since
owners
depreciation,
for
reserve
2,276,882
3,477,304
income
Total
394,627,726 411,263,789
amortization and depletion: 1943,
$191,544,037, and 1942, $173,567,500, and also reserve for revaluation:
1943, $2,854,063, and 1942, $3,085,755.
JAfter deducting U. S. Treasury
notes, tax series, amounting to $38,718,778 in 1943, and $62,237,165
Dallas, Tex.—Enters New Fields—
acquired the Dedman
electrical steel furnace,
has
modern
in treasury.
...
♦After
development of the Houston and Dallas territories, through
owned subsidiary, The Federal Steel Products Corp., also
fttid
—
J
13,380,279 25,010,971
2,674.171
2,329,378
134,162
140,228
28,214,400 28,214,400
4,706,600
5,111.400
132,520,021 132,520,021
62,389,440 62,389,578
41,331,005 36,975,274
J9r2,210,879 Dr2,210,879
854,707
1,412,970
1,141,378
1,747,726
expenses
ry.
Other
$8,376,623 $18,708,056 $16,587,312
$9,302,527
struct.
equipment.—
"The
announced
is
1.937,569
1152.
p.
Red Bank Oil Co.,
It
„J
Total
in
—V.
stock
Common
Capital surplus
$2 927,134
Railway
compensation,
Workmen's
4,359,228
466,430
Earned surplus
$9,618,439
of way &
oper.
income—estimated
deposit (contraI—
other long-term debt—
$9,015,710
880,568
1,815,959
79,327
revenues
Maint.
Maint,
Railway
•■-/.
t
.
.
IFederal taxes on
1944—Montfr—1943
Period End. Feb. 28—
4.674,147
222,674,728 241,276,332
1.728,308
1,890,947
1,309,502
1,261,833
870,531
718,587
394,627,726 411,263,789
Accrued taxes
•;
1,000,000
4 789,106
Interest
Earnings—
Reading Co.
4,112,164
1,891,737
1,000,000
3,515,089
payable to banks..
Notes
Accounts
2.040,680
2,246,655
.
-.
Liabilities—
destined
31,603,159
2,402,879
sundry invests-., less res,
Prepaid royalties
Other deferred charges and
shipments were handled in the combined, coordinated
compared with 28,810 shipments in January, 1943.
Express charges on this traffic, which originates at or is
to an off-airline point, and therefore moves part way by rail express,
increased 39.3% over January, 1943.—V. 159, p. 975./-^r'r//Y/.;
38,257
$
—
Notes and advances
to
of
*
1942
■
36,623,638 38,970,570
———80,2407734 81,357,203
Deposit under indenture of pledge
Bond sinking funds, miscellaneous receivables,
working funds, etc. (less reserves)
'-Properties, plants and equipment
Unamortized bond discount and expense
Inc.—Rail-Air Traffic Up—
in combined rail-air service, for the
31
1943
~ "
'■
unconsolidated subsidiaries..
Capital stock of
Sees, of assoc. cos. &
shipments carried
-nation's commercial airlines were up 32.8% in January, according
an
announcement by the company's air express division.
A total
Air
Dec.
and advances^'
Investments
Railway Express Agency,
'-'a
and $508,749 in 1941.
37,226,556
Special contract deposit
:
•
Sheet,
-W'-'Y.--$
Inventories
24,455,301
15,304,532
_
Operating income
uncon¬
to ap¬
way &
1944—2 Mos.—1943
1944—Month—1943
revenues—
oper.
Other
Net
Net
accounts receivable (net)
Notes, acceptances &
89,564
Crl,375,000
Cash
2,695,328
2,711,318
1,006,670
YY '■
v
Assets—
3,807,175
52,434
Balance
Consolidated
.;'v
*60,764
114,186
revenue-
accrued
Taxes
solidated
23,343,454
4,382,217
3,172,498
70,288,340
7,000,000 13,350,000
162,250,000 32,900,000
85,029,578
share of undistributed net earnings of
subsidiaries not taken uo in the statement amounted
proximately $224,000 in 1943, $75,000 in 1942,
1,111,847
revenue——
Total
„
27,762,720
568,821
572,154
Note—Corporation's
$
$
$
9,338,409 120,529,032 95,874,578
6,716,655 92,766,312| 72,531,124
2,621,754
——-
12,011,057 17,154,578 24,038,340
Divs. on 6%
cum.
1,692,858
1,692,858
1,692,858
DiVS. on 6% cum.
292,562
324,722
395,949
Common
dividends ——5,669,907
7,087,384 11,339,814
Earnings per share on com. stock—
$1.77
$2.67
$3.87
♦Net sales value of products shipped to customers and operating
revenue
of non-manufacturing subsidiary
(inter-company shipments
between the
corporation and consolidated subsidiaries are not in¬
cluded).
tCost of materials, wages and salaries, property taxes and
other manufacturing expenses, etc., including repairs and maintenance
charges aggregating $58,314,996 in 1943, $50,592,208 in 1942, and $40,886,788 in 1941.
lAfter debt retirement credit, v
Y
was
i
.—■ -
income
—
conv. prior pfd.
conv. pfd...
net
Consolidated
Total
42,180
32,051
20,849
335,056
462,562
deductions..
other
Sundry
Corp.—Distribution to Creditors
It
announced on March 29 that Apiil 15, 1944, has been fixed
by the board of directors as the record date for the third distribution
to creditors under the plan of reorganization for The Prudence Co.,
Inc
debtor.
Checks in payment of this distribution, which will be
made at the rate of % of 1% of the amount of the claims will, it was
added, be mailed as soon as
814,718
—
4,750,000
3,000,000
2,000,000
162,639
205,803
163,258
228,198
250,165
108,020
; : ;iv:-
bonds redeemed
Premium on
Realization
Prudence
80,736,829
4.251,829
3,314,382
general contingencies
bond disc't and expense
Prov. for loss on uncoil, receivables
Minor, int. in net prof, of Truscon
Steel Co. (consolidated sub.)..
equipment.
manufacturer of lubricating
93,056,141
3,966,389
contributions..
trust
13,349,887
19,288,787
•/.i-'!'!:
Earnings of System
480,542,106
368,999,608
591,886
of
Amort,
have
the road
$247,838,808 for the
which there would be annual fixed charges
on
Period End. February
of
78,903,824
1,833,005
for
Prov.
Carter, Chairman, said
that the company's progress has been steadily upward during the past
year.
For the first six months ended June 30, sales amounted to
$64 531,
and net profit was $424, while the last half of the year
showed sales of $735,585 and a net profit of $64,230, he pointed out.
The amount of open orders currently on hand is the greatest in the
In
—w—
debt
of
and contingent charges of $2,560,594.
Transportation
91,027,407
2,028,734
retirement of property..
on
Pension
$224810
Calendar Years—
Net
income
Total
Interest on funded
company
Maint.
62,154,275
3,457,307
—
reorganized
■»*-'
59,765,571
2,388,704
profit
creditors
It provides a total capitalization of
February.
in
of
—
549,060,359 517,892,134
sold 457,171,372 393,941,613
amort. & deplet. 17,052,443 16,557,321
general & admin, expenses.
15,071,473 16,365,793
Gross
per share
483,812,368
3,270,262 '
"■♦"!' *■>
for deprec.,
Distribution—
15-Cent
other
and
bondholders
joined in asking the Interstate Commerce Commission to speed ap¬
proval of a compromise plan for reorganizing.
A compromise plan to
which all major bondholders have subscribed was filed with the ICC
Maint.
sales
Net
Selling,
on
.
-
Reorganization—
principal
.
1941'/..■/
$
-
tManufacturing cost of prods,
Prov.
minimum."
a
"
■
'/•-
the
affairs in such a manner as to maintain
greatest degree of liquidity consistent with capacity operations so
the problems of reconversion to peace-time activity will be
the company's
handle
to
The
of $3,001,773
1
■
Ry.—Lien Holders Ask ICC
Louis-San Francisco
St.
To Push
plants have,
turned entirely from the raw material in which they
formerly worked—namely, steel—to the fabrication of aluminum and
other metals.
Particular attention is being given to the development
of these manufacturing divisions and to the important role into which
they may well fit in the post-war world."
\
the duration,
for
all charges,
•After
and
halted, machinery removed,
peace-time products was sharply
equipment installed.
"In some cases," the letter stated,
of
Powdrell & Alexander,
r
Monday, April 3, 1944
CHRONICLE
income
Gross
.Income
Net
deductions
income
Preferred
Common
—V.
dividends
dividends
159, p. 1190.
$56,222
$51,194
7,957
8,189
101,880
102,633
$48,265
$43,005
$563,250
$553,805
210,000
210,000
291,403
291,333
Volume 159
Number 4269
THE COMMERCIAL & FINANCIAL
CHRONICLE
Simms Petroleum Co.—Stricken From
The
capital
registration
stock
($10
par)
has
been
the New York Stock
on
Listing—
stricken
Exchange.
Balance
from
-
listing
Dealings
in
Sheet
the
1943
of
Donations
159, p. 485.
Miscellaneous
Sinking
(L. C.) Smith & Corona Typewriters, Inc. (& Subs.)—
Earnings—*
*
Profit
before
Provision for
and
come
taxes™
$266,875
$924,413
ment
$874,575
313,259
669,130
608,136
$255,283
$0.89
Total
Res.
amortization,
tOn 276,237
etc.
of
shares
Net
provision
income
for
taxes
excess
ended~Dec.
31,
($313,258)
1943
ments
brought
ended
Dec.
includes
of approximately
about
loss of
the net
correction
previous
Material
Other
v'v
■
Consolidated
net
income
Provision for income
Consolidated
-V.
before
and
provision for
income
'
-
taxes
-
S.
and
debits
par)
no
$993,400
of
Funded
158, p. 2260.
_
transportation
system
companies.
1943,
and
pany
in
as
the
1942,
Mercier,
its
affiliated
Equipment
of men and materials vital to
the transportation facilities of the com¬
on
carriers.
The
primary
efforts
of
the
accounts
entire
Accounts
personnel were devoted to this task.
traffic
ger
far
exceeded
peace-time
Southern
the
of
Net
years.
Pacific
previous
ton-miles
freight and passen¬
The., traffic load, for
day's in
records.
cf
freight
revenue
carried
the
times
Other
System were more than 2>/2
the last year before defense production affected
Passenger-miles were more than 3y2 times those
of 1939,
transportation.
1941, the last year before the great war-time increase
in
amount
of
in
so
the
armed
forces, wtih many deaths already
recorded
♦For
form
-
Audited
available
do
to
7,000 Mexicans
Other
U.
6,106,942
been
has
means
used
to
work
formerly
the
overcome
447,498,900
performed exclusively
by
men.
Some
Gross
1944.
391,406,758
con¬
;
from
ry.
1,
companies
operating
in
$50,213,534
increased
in
the
holdings
investments
and
the
United
retirement
of
U.
referred
expenditures for
redemption. Jan.
the
of
1,
S.
to
States
expended
funded
of
Treasury
elsewhere
retirement
aside for the retirement of the
J.
1944
1943
'/'
1942
debt
of
basic
do
10-year 3%%
1944, referred to
held
this
not
in
report.
include
temporary
The fore¬
the
railway
railway
78,278,852
23,138,353
25,140,407
6,299,329
__
66,957,170
11,135,633
income
oper.
Period End.
Gross
1941
secured bonds, called for
in this report.
with
the
upbuilding of the
Pacific Transportation
System (Southern Pacific Co, and
Transportation System Cos., consolidated) and separately operated
solely controlled affib companies (excl. South, Pac. RR. of Mexico)
1943
______________
____________
Total ry. oper. revs.__
Maint. of way & struct.
S
1941
46,979,417
16,112,155
9,114,404
17,376,578
13,714,488
8,975,031
7,923,113
19.874,965
12,773,980
10,315,895
Gross
from
Net
from
Net
ry.
9,008,986
5,145,481
Gross
76,676
469,349
67,936
259,253
Net
ry.
116,212
594,006
$980
*$22,133
1943
1942
90,684,992
67,983,958
48,006,780
8,876,250
3,960,832
3,466,550
2,844,347
1,868,491
42,129,351
17,369,009
37,906,321
25,562,228
19,892,547
17,738,706
8,398,572
6,937,092
5,488,102
5,680,877
4,514,094
4,421,180
87,125,990
12,546,533
$6,526,364
1944
?
~f
The
57,437,301
ended
of
Bell
Telephone
Assistant
1943;
and
for the
13
corresponding period of
8,073,088
available
fixed
Int.
weeks ending Feb.
a
year
6 Mos. End. Feb. 28—
Profit
Net
after
mfg. chgs.
depreciation.
after
Total
ago.—V.
leased
has
been
elected
J.
funded
40,538,947
1,170,443
1,360,644
64,266,316
55,935
58,101
34,185
27,030,730
28,468,510
1944, 13.41%
26,
28,914,753
29,108,263
'1
Int.
on
unfunded
Contingent
Net
income
Separately
debt-
charges
Pacific
V
___
998
155,258
34,453
922
1
•'
159, p. 774.
533,963
719,395
for
Gross
oper.
controlled affil.
'Gross
Net
58,359,821
80,282,856
34,758,578
.
$6,692,091
$7, 232,758
$2,886,581
2,075,322
993,370
048,123
157,835
330,122
tOons.
*
net
6
6
capital stock
from
ry.
Gross
458,000
449,000
973,500
*2,751,300
745,500
67,133,187
:___
and
all
Vice-President
Turton
of
cents
25
of
Cleveland
the
Girard
the
Trust
elected
was
a
election
Co.,
director
of
Phila¬
to
suc¬
Walrath, who died recently.—V. 159, p. 1080.
135,000
_____
com.
——..
$1,412,816
$1,238,422
$1,608,713
$1,463,432
$4.36
$3.78
$5.01
$4.53
share.
1944—Month—1943
1944—12 Mos.—1943
$613,492
$553,910
120,297
$6,848,807
1,187,973
$5,898,331
105,329
102,268
119,566
1,162,023
1,154,760
________
retirement
reserve
accruals.—V.
159,
p.
159,
all
the
stock
for
of
4,214
Black
shares
1943
$66,696
of January—
railway operating iricome____
13,754
13,169
13,074
45,737
4,245
4,999
income
1942
1941
from
railway____
railway.™
Co.,"a
capital
Total
income
Income
available for fixed
roads
Interest deductions
after
fixed
1/34
$31,057
;
Sheet
1944
308,269
144,564
34,474
113,477
176,903
32,197
Loans
73,680
15,522
15,819
Net balances receiv. from
agents and conductors
Miscellaneous accounts receivable_„_
Other
and
receivable
supplies
current
5,625
1943
$696,533
investments
29,351
Materials
$87,366
Items, Jan. 31
82,284
bills
1/58
12,500
5,604
10,000
charges
Items—
Temporary cash
Special deposits
12
$101,424
12/13
Cash
and
!
$45,204
;
Asset
$101,436
12
charges______
:
Balance
Selected
2/44
$45,216
_____—;___
leased
for
$99,292
2,296
Miscellaneous deductions from income
Rent
1943
$42,920
329,640
'<
Oil
Texas
1944
Other income
$53,356
38,923
$172,57.6
108,926
Label
of
1290.
p.
Federal income taxes
1944
railway
1,168,829
1080.
Co.—Acquisition of Montana Concern—
Depreciation
$158,986
railway
oper.
from
February—
income
corporation has called for redemption as of May 1, 1944 a total
of 428 shares of its
outstanding $4.25 cumulative preferred stock, series
B, for the sinking fund, at 107 V2 and dividends.
Payment will be
made at
85,441,394
34,573,667
7,146,347
at
$549,500
136,000
350,757
44,388
206
36,856
78,222
241,605
220,863
129,776
assets
York,
N.
Guaranty
Y.—V. 158,
$22.64
$9.16
$1.89
Standard
separately
tOf Southern Pacific Transporta¬
solely controlled affiliated
operated
$Excluding Southern Pacific RR. Co. of Mexico.
Electric
-
126,433
999
Selected
Standard
1944,
the
Gas
totaled
&
of
assets____.
678
$1,592,526
$1,020,292
$81,967
$113,138
220,843
71,788
Liability Items-
Traffic
and
Audited
accounts
p.
Miscellaneous
corporation, 745 Fifth Ave., New York, N. Y.,
Co., transfer agent, 140 Broadway, New
2476.
Gas & Electric
output
current
Trust
the office of the
the
Total
Accrued
$17.82
Transportation System shown above.
System
of
,
27,000
500,000
Net
517,000
*3,296,700
January 1—
on
separately operated solely controlled affiliated companies owned
by Southern Pacific Co. not included in the income of Southern Pacific
companies.
dividend
succeeding W. C. Arthur,
and
Chairman,
Month
43,362
(E. R.) Squibb & Sons—$4.25 Preferred Stock Called—
'Of
tion
special
Texas Mexican
Ry.—Earnings—
2,185,794
9,315,610
not
share
a
The
income—
per
from
From
or
Earnings
H.
revenues
stock.—V.
taxes__
contingencies
per
Net
,
Cr8.243,232 Cr4,892,098 Z)r2,695,271 Dr4,641/04
Oper. in Mexico, net
$0/530,135 tCr.266,440
$Crll,237
Dr81,740
'Cons. adj. int. on bds.
Cr2,499,123 Cr2,553,783
in U. S.,
Oper.
F.
income
'After
1941
•\
solely
Johnston,
J.
exchange
1942
5,301,811
5,432,092
Net ry. oper. income
—V. 159, p. 1170.
cos.:
declared
by
Malcolm
The company has acquired
Montana corporation, in
profits tax_
profit
Net
Net
of South.
Lines
22
semi-annual
-
Spokane International RR.—Earnings—
849
32,841
March
usual
stock,
ceed Herbert R.
below the
$366,300 post-war credit in 1944 and $305,700 in 1943.
tlncludes $1,160,361 amortization of war
plant facilities,
$Six months
ended Feb. 29.—V. 159,
p. 49.
;
•
debt__
on
the
meeting, which normally would be held in
Rochester,
April 4, has been postponed to
May, the date to be fixed
the directors.—V. 159, p. 387.
Period End.
1943,
$6,442,074.
6,142,199
February—
debt—
non-negotiable
and
977.
the
Operating
6,334,217
income
excess
Net
39,178,303
85,930
1943,
p.
on
Income
85,510,934 108,996,398
debt
funded
on
65,436,759
655,012
159,
1,
delphia
Vice-
:r
$1,166,702
charges
Earns,
roads
equipment
on
109,651,409
806,111
February,
1943.—V.
Vice-Presidnt
and J. E. Turner has been elected
Treasurer.
Mr.
Arthur's
place on the board was filled
(& Subs.) —Earnings
$1944
income
Prov.
for
charges
for
Int.
86,317,044
deductions.
28,
Lewis Walker III has been elected
President,
T. F. Soles has been elected
Co.—New Vice-Pres.—
Vice-President,
Spicer Manufacturing Corp.
32,465,859
7,999,458
Feb.
over
resigned.
1290.
corporation reports sales in its. retail stores for the four weeks
Feb. 26,
1944, 32.87% below those for the same four weeks
Fed.
7,149,600
.
16.65%
ended
Tampa Electric Co.—Earnings—
17,858,045
12,339,664
9,074,227
:
increased
months
Talon, Inc.—Changes in Personnel—
1943
$75,233,400 $69,766,266
President, with headquarters in St. Louis.
He will have charge of ad¬
vertising and public relations.—V. 159, p. 1190.
62,663,568
77,242,817 102,501,810
;
sales
two
annual
Y.,
later by
Jan. 1 to Mar. 21
1943
$6,735,650
___
Williams,
1944—2 Mos.—1943
Symington-Gould Corp.—Meeting Postponed—
income
Southwestern
in
Nov.
The
N.
'
p.
1944—Month—1943
2,324,238
1944
Douglas
38,936,085
6,151,354
succeeded
for redemption as of
May 1, 1944. out of
sinking fund, $35,000 of outstanding 3%% debentures
1956, at 103 and interest.
Payment will be made at the
office of Dillon, Read & Co.,
paying agent, 28 Nassau St., New York,
N. Y.—V.
159, p. 220.
$9,754,759
8,937,780
railway-
oper.
159,
93,800,699
income
1
159,
due
1.941
2,822,106
Week End. Mar. 21
—V.
will be
(The) Superior Oil Co. (Calif.)—Debentures Called—
$21,056,560 $18,629,309 $12,498,028
...
railway
earnings
21,428,925
14,934,473
oper. income.
income
2
misc.
and
1080.
p.
dividend of 25 cents per share
par $5, both payable June 1 to holders of record
Distributions of 25 cents each were made on
this issue on
and Dec. 1, last
year, and on June 30 and Dec. 28. 1942.—*
p. 643.
moneys
'After
Rent
accts.—'V.159,
Theye have been called
■■■■■'A'
1944
.—
and
common
2.
June
V.
$8,611
..
.
net
the
directors
share
May
583,829
1190.
Period—
oper.
other
Income
gov¬
Co.—Changes in Personnel—
and
f-
year,
over
the
on
' 357,668
t
Total
full
of
January,
____
Texas
228,157,859 200,126,142
126,719,350
76,844,995
Eq. & jt. fac. rents, net
24,195,692
20,779,337
Total
between
Stewart-Warner Corp.—Special Distribution—
per
'383,098
:
Ry.- -Earnings—
railway-
from
accruals—
ry.
159, p.
railway
income
from
Federal
fr.
tax
Net ry.
282,757
difference
Other
sales
The
$1,333,206
January 1—
Net
Other
Total
74,703
283,061
the
J.
last
1944—5 Mos.—1943
118,040
_
oper,
From
597,367,419 472,748,816 297,786,326 231,932,279
76,377,367
39,870,845
30,163,659
24,508,748
—-
Railway
2,111,630
representing
$376,856
$351,694
$719,573
$687,880
Appliance department net sales decreased 90.60% for
February, 1944,
under February,
1943, and 87.97% for the two months as
compared
with
30,081,085
$1,300,475
Spencer Shoe Corp.—Sales Lower—
28,180,128
equipment—-
rev.
$261,804
86,430
February—
$
8,233,258
6,818,923
6,288.071
Transportation
166,806,676 136,997,561 105,141,576
All other oper. exps.___
27,107,268
20,951,386
14,385,540
Net
1944—Month—1943
$1,658
Southern
Gross
&
the board
Furniture
72,897
♦Deficlt.- -V.
1940
$
427.564,121 366,924,259 244,440,998 189,213.149
124,246,592
72,235,106
31,596,317
24,480.122
and express______
All other oper. revenues
Traffic
1942
$
Mail
>:'■
$6,393,612
Sterchi Bros. Stores, Inc.—February Sales—
Ltd.—Earnings—
$279,025
Surplus
r
Southern
Operating Income:
February-
maintenance—
Int., deprec. & divs
.
Calendar Years
for
&
Taxes
,
of
188,550
$16,570,962
'
$453,889
Period Ended Feb.—
/
V—-i/
earnings
Oper.
set
sum
elsewhere
industries associated
Income Account
Maint.
2,926,469
;
—
deductions in January, 1943
Freiler.
Net
Southern Canada Power Co.,
debt,
notes
in
of
Richard
V1:1
$22,394,513
Sotrthwest, the company, while making every effort to handle
the war-time traffic load successfully, is planning to continue its for¬
ward
course
in
the
post-war period by progressing transportation
services to which there was a public responsiveness at the time of their
inauguration before the war, and by such further improvements as
may be made possible and practicable by war-time developments in
science and industry.
'
Passenger
357/60
billed and land grant rates on
transportation
has been excluded from freight revenue for
Stein
14.07%
West and
Freight
2/08
2,394,691
——
—
taxes.
1/85
2/94
S, Government taxes
of
1/02/64
1/60
in the.
Presidency by Abraham
officers elected are Joseph M.
Kraus, Vice-President;
Richtsteig, Treasurer; Richard S. Donnelly,
Secretary, and
Harvey C. Murphy, Assistant Treasurer.—V. 155,
p. 404.
1943.-
—V. 159, p. 1080.
(excluding non-cash items) for additions to their several properties,
including $4,759,582 from the proceeds of equipment obligations; ex¬
and increased
by $15,000,000 the holdings of obligations of U. S. Treasury in addition
;
117/76
$120 000
Sigmund Stein has been elected to the newly created
post of Chair¬
man
railway.
from
Net
requirements, continued through 1943.
During the year the
•transportation system and separately operated solely controlled affili¬
one
321,452
*
liabilities:—.
freight
No
(A.)
railway— $38,255,112 $33,950,215 $23,159,047 $14,673,604
11,178,703
13,510,320
8,274,074
4,396,677
oper. income—
2,652,995
5,559,567
4,280,054
2,457,938
Net
portation
As
4,524,269
from
ry.
installations and rolling stock purchases, largely to meet military trans¬
going
accrued
liabilities—
commercial rates
From Jan. 1—
were
Commission
and
State
Railroad
Commissions,
and
the
Transportation Advisory Boards.
The activity of the press
explaining to the public the war-time problems of the railroads was
.heartening and helpful.
V///■■. :v,
V"
Improvements to the "properties, including centralized traffic control
the
-
$120,000
8,909,826
2,215,070
.
payable
wages
liability.——
Government
ernment
classification,
Jan.
Net
non-clerical
in
cash
482
248.343
'•
payable
unpaid
1
Note—Amount
*5,342,296
comparative purposes, 1942 figures have been restated to
changes in Interstate Commerce Commission
from
Commerce
•to
tax
current
S.
1,824,195,534 1,706,263,768
—
February—
Gross
man-power
in
women
iRegional
pended
2/04,587
/
$28,277,739 $17,660,884
and
interest
Other than U.
69,375,786
Earnings for February and Year to Date
meeting the problems of 1943 the company was materially aided
by the practical and sustained cooperation of shippers, all branches of
military service, the Office of Defense Transportation, the Interstate
-
5 657 866
2,577,384
accounts
matured
Total' current
In
•
73/58
5,634,343
1,181
3,974,221
assets
accounts
Accrued
*40,444,676
5,425,846
______
conductors
,
61,367,128
67,084,627
loss—surplus.—____
>
gold
on
imported to help meet Southern Pacific track and
•shop labor shortage.-;
-•
//■,;. 1 \ />;•
Rolling stock was at peak demand, requiring the most intense utiliza¬
tion of locomotives and cars in the company's history.
ated
10',682
2,352,488
_____
Liability Items—
Unmatured
5,639,803
•
43,091,531
______
4,002/05
500,000
4,034,201
5,436,464
110,690,119
.___
$82,753
2,760,261
assets
Miscellaneous
12,130,439
33,192,055
3,531,134
to
Net
handicap, including employment of about 4,000
capacities
;
current
Selected
744,000
17,701,752
surplus
$68,420
_____
Funded debt maturing within six
months—
Traffic and car-service balances—Cr_,
*61,817,248
3,638,501
liabilities—
total
effective
star honor lists.
Every
and
Grand
;
,
4,745,700
___
1943
other than
revenues
was
ties, amounting to $67,100,000, was less than the record net income for
1942 by approximately $18,300,000, or 21.4%.
^
Credit is due to the 100,000 men and women employed by
system and
affiliated companies in the achievement of new transportation
records,
accomplished despite a shortage in man-power of 10,000 throughout
1943 and continuing into 1944.
More than 14,500 former employees
are
1
unpaid—
eliminated
Profit
Arc.,
investments
Total current
5,142,000'
12,950,815
77,624,077
and unadjusted credits.
inter-company
liabilities
over
Appropriated
for 1943 reached an all-time peak.
The
consumed by wages, taxes and other expenses,
great that the consolidated net income of the proper¬
1944
bonds,
companies
Interest and dividends receivable
Other
Interest
liabilities
of
assets
railroad
stocks,
Special deposits
'622,406,750
5,142,000
770,000
58,999,748
liability
current
Deferred
in
affil.
Miscellaneous accounts
receivable-—16,101,522
Materials
and
supplies
companies—open
payable
wages
tax
Excess
passenger travel began.
Gross operating revenues
however,
'
_____
matured
Accrued
by
Items, Jan. 31
1,400.
579,813,102
Interest payable Jan. 1_—
TJnmatui'ed interest- accrued—==r——^.
than the traffic of peak
Transportation
volume
rail
all
1943 was greater
____
and
Interest
For the second successive year the volume of both
nearly every day in
obligations
pay/ to
affil.
Amounts
of
______
'r;
by the public.———
by solely controlled affil, companies
in sinking funds
by transp. system
companies
movement
effort had first call
war
those
383,581,151
1,200
-
In
Temporary cash
Held
President, states in part:
Sheet
Cash
3,756,288
29,126,920
Investments
;*
Held
the
26,090,302
debt unmatured:
—
'
70,999,646
383,581,151
9 450
1,733/33
Balance
50,530,000
shares,
•
55 026
16,726
-
Net balance receiv. from
agents and
stock (3,772,763
$318 360
1—50/50
projects—
taxes..
26,824,250
34,859,037
41,791,443
Held
Southern Pacific Co.—Annual Report—A. T.
'$251,203
charges
'Loss.
1,824,195,534 1,706,263,768
_—
37,052
Selected Asset Items—
__
Southern Pacific Co.
3 182
256 02O
37',052
_____
95,850,554
unadjusted
3 190
255 672
™
.
defense
Federal income
2,270
$614 623
;_
_____
fixed
of
97,871,422
—
:
total
Stock
after
Amortization
Treas¬
assets
assets
deductions
Depreciation
304,597,306
2,325
$44,711
charges
roads__________;
deductions
2.'385
$616,893
income____
available fer fixed
Income
167,130,569
Liabilities—■
2,178,917
income
net
(U.
supplies..
current
Grand
$3,172,317
profits taxes
excess
-
and
Deferred
Although this company operates on the basis of a fiscal year ending
June 30, the following results of operations for the calendar
year ended
Dec. 31, 1943:
>
'' "
•
.,
investments
ury notes and certificates)—
Accounts receivable
;
esti¬
Both of these adjust¬
reported for the quarter
$46,383
Other
1,471,260,471 1,475,549,761
55,738,358
50,210,851
—
Temporary cash
$109,500.
1943.
31.
for
Interest
137,466,737
328,963,840
...
investments
Cash
of
after
mates in the amount
___
$614 008
$47,036
_
Rent for leased
com¬
±Net loss.
before
deductions
Income
17,611.237
137,423,066
191,540,774
deprec, and amortization
accru.
income
Miscellaneous deductions from
1,800,224,311 1,780,147,067
____
adjustments of invest, in securities
for
Total
$266,875 for
placing on the books year-end adjustments slightly in
of $408,000.
Provision for income taxes for the three months
is
1943
for
Reserve
share__
income
net
investments
Deduct.—
'
The
26,681,431
_____
t
.
taxes™
271,129,960
Total
invest¬
1__:
i__:
1943
$31,419
15(617
776,407
266,302,525
Companies—securities and
advances
1544
1
income
Other income
26,318.404
investments
January—
railway operating
Net
800,057
-
Ry.—Earnings—
Month of
$
.25,268,888
2
$266,439
$0.85
foreign in-
profits
property
funds
1941
Nil
S. and
depreciation,
stock.
mon
1942
physical
'•
1,502,127,279 1,485,210,266
—Cr20,955,869 'Cr20,899,206
grants:
______
t$46,384
U.
excess
Net profit
tEarnings per
'After
1943
and
Affiliated
Other
property
Spokane Portland & Seattle
1942
$
Transportation
1391
Transportation System, Dec. 31
Assets—
suspended on Nov. 23, 1943 because of small assets after payment
liquidating dividend and small aggregate market value of issue.—
Quarters Ended Dec. 31—
Southern Pacific
and
stock
were
V.
of
the
Electric
public
Co.
186,809,000 kwh.,
Co.—Weekly Output—
utility
system
as
corresponding week last year,
Other
for
operating
the
compared
week
with
companies
ended
in
the
tax
car-service
current
25,
U.< 8.
for
Other than U.
p.
1290.
liabilities
Total current
March
159,
balances—Cr
payable
payable___
wages
liability
173,031,000 kwh.
an increase of 8.0%.—V.
and
accounts
liabilities
Government
S.
—V. 159, p. 977.
taxes
Government taxes
•
4,913
5,518
258,524
9,545
170,888
93,681
$737,135
$293,670
255,217
6,303
3,307
3 242
-
Period End. Feb. 29—
Operating
Operating
revenues
—_
Other
ret.
5.462,854
4,472,324
108,152
1,869,799
1,159,370
71,922
83,333
843,478
857.923
1,000,000
1,000,000
216,285
67,308
approp.
83,333
revenues—
$257,949
res.
3,243
$287,326
$2,629,344
1,846,922
$3 566,650
$1,782,422
$1,727,638
375,678
375,678
$1,406,744
$1,351,960
$135,475
stocks
$108,910
applicable to preferred
Balance
-
__
159,
151,851
152,282
Net income
Dividends
'
1191.
P.
Pacific Ry
Texas &
revenues
$5,109,118 $13,020,935
Operating
expenses——
from ry.
revenue
2,071,926
size
2,926,053
5,834
$1,444,519
478
$1,579,892
320,928
$840,403
129,093
10,749
$1,445,457
7
oper.
ry.
income
Other
$563,321
61,137.
—-
income-——
Total
avail,
Income
$817,853
$1,236,755
7,487
15,779
13,781
$613,838
Federal taxes
$630,374
$897,212
Co.—Earnings—
248,982
65,798
100,000
276
investments —
>
1944—12 Mos.—1943
$12,782,194
$1,092,418 $15,12(5,734
445,508
5,942,297
108,693
2,231,191
68,509
770,485
100,000
1,200,000
483,354
—
—
res.
approp.
limited-term
of
633,883
ruled
1944—Month—1943
taxes
ret.
$493,861
$1,274,753
Operating revenues
Operating expenses
Prop.
$1,220,976
590,602
& Light
Period End, Feb. 29—
Amort,
this field.
apparently swift rise of a whole
series of new synthetic fibers—produced variously from polymers, veg¬
etable proteins, milk casein, glass, even algin extracted from seaweed.
We have no fears that rayon will become obsolete as the result of
these developments, for the reason that some of them are inherently
associated with more expensive raw materials and higher manufac¬
turing costs, while those that might be competitive from the. stand¬
point of cost lack certain properties required in most of the spheres
1,200,000
5,830
6,886
$4,978,931
551
;
5,247,525
1,207,005
789,279
$4,331,499
I
.
have seen the
we
with
'
these
newer
advantage.
Income for
of
Statement
Condensed
$376,343
8,425
charges
—
Net income
Dividends
67,637
21,318
$370,112
$5,046,'568
$4,352,817
189,352
2,294,866
2,310,150
$180,760
$2,751,702
865,050
$2,042,667
Net
865,050
Other
$1,886,652
Gross income
Interest
955
$192,138
Other income (net)
$369,157
$384,768
192,630
revenues-
$1,177,617
applicable to preferred stocks—1—
Balance
—v.
ii9i.
159, p.
;
sales
Net
Cost
r-v-
:
of
*
the Years Ended Dec. 31
1942
Textile Finishing Machinery
A.
Walsh,
and
in Superior Court,
good will of the plant to
—V.
159, p. 50.
Co.—Sold for $335,000—
Judge Charles
have been authorized by
Providence, R. I„ to sell physical assets
Jacob Ziskind of Fall River, for $335,500,
'
Corp.—Earnings of System—
oper.
revenue——
Total
oper.
expenses-
1,224,508
$296,172
revs._
oper.
171,747
Total oper.
1,488,411
$242,640
$1,727,781
$1,766,722
3,467
18,583
24,528
146,229
.
$261,223
$1,752,308
$1,912,951
173,255
196,660
1,406,948
1,608,923
——
comb,
555,190
normal
♦Federal
609,000
159,
p.
$304,028
$345,360
$64,563
♦$50,538
1191.
2,254,500
5 42,000
159,512
•
contingencies
for
Provision
tax—
taxes
2,895,750
t-
of
Domestic
and
Corp.
Net
10,090,000
shares outstanding.
its stock were
During 1943, according to the report, 108,000 shares of
170,765
170,765
690,446
____
dividends
A
175,717
dividends
post-war refund of $250,500 in 1943
♦Less
$81,629,398
with
the
159,
before.—V.
year
p.
1943,
hand and
on
♦Accts.
Operating
"Net
;
—
profit
profit
-
$2,075,502
$1,504,329
___.
income
Gross
1,196,253
781,832
748,654
$0.99
1,183,240
;
tEernings per share
$1.58
.
provision for State and Federal income taxes
charges,
ton 750,000 shares of capital stock outstanding.
During the year the company provided $1,013,138
for
depreciation and amortization, equivalent to about 35 cents
of oil produced, as compared with a corresponding rate of
per barrel provided during 1942.
Total current assets on Dec. 31 were $3,086,835 against
rent liabilities of $439,450.—V. 158, p. 2296.
♦After
and
other
receiv.
Acct.
Report—Rufus W. Scott,
Chairman, in his remarks to stockholders, states in part:
The
year
just completed
finds company in excellent financial
and
decline
In
earnings
from 1942 was in line with expectations
reduction in the volume of business, caused
restriction in the supply of certain raw materials and increased
by a
operating costs not offset by compensating increases in sales prices.
The company has plans for resuming full production and further
expansion of its productive capacity as soon
'
as
war
time restrictions
permit.
An important achievement during the year was the simplification
of the capitalization of the company through the merging of the
class A
this
stock and common stock into one class of
reclassification
shares on
At
the
of
its stock
the
company
common.
listed
its
new
Following
common
the New York Stock Exchange.
same
time
that our stockholders
\
*
the
reclassifica-
$5,204,785
$6,146,651
profits taxes as follows:
excess
....
■,
1943
1944,
-
11,000,000
—V.
159,
(U.
S.
Govt,
Sinking
United Air Lines, Inc.—Breaks
record loads of
refund
of
the
United's
company's annual report, Mr.J Patterson outlined some of
plans for post-war development—plans which contemplate ex¬
penditures
the
already has raised more than $10,000,000
such purposes through new financing and, m addition, now has
$2,000,000 reserve for post-war readjustments,
for
a
its
In
regularly scheduled operations during
11,032,548 mail ton miles,
United's
of income
1942. In¬
operations,
$10,344,405;
maintenance, $3,058,515;
traffic, sales, advertising and
publicity, $2,892,195; general and administrative, $3,042,922, and de¬
taxes, totaled $20,425,760, as compared with $18,122,125 for
cluded were costs of flying, ground and passenger-service
Other
1
374,653
$586,962
405,000
2,994,000
3,902,400
252,649
743,084
United's
income
——,
3,950,000
—
702,867
4,855,024
4,428,004
(par $1)
surplus
and $9,476,757
—
299,414
5,120,212
Net
159,
p.
system.,
">
already has filed route applications calling for the addition
with a metropolitan population of nearly 20,000,000 and
approximately 8.000 miles of new routes.
Also, in 1943, it acquired
80% of the stock of Lineas Aereas Mexicanas, S.A., operating through
United
of
cities
65
the central part of
of
cents per share has been
10
declared on the common
like
and
March
a
SEC
1942
1,708,724
3.456,044
1,565,643
$1,058,476
$0.83
$1,890,401
$1.50
2,767,200
charges
profits taxes
excess
profit
terials,
in
whereas
___
share
;
Calder, President, pointed out that the difficulties created
shortages of manpower, transportation and raw ma¬
and by price ceilings, had been more burdensome to the com¬
1943 than in 1942, so that dollar sales increased only 20%'
the fourth unit constructed at the Savannah, Ga., plant was
designed
and
increase
to
dollar
restrictions
other
sales
connected
by
50%.
material
approximately
with
obtaining
"Priorities
and equip¬
ment for plant additions
and improvements," Mr. Calder stated, "held
down expenditures of this nature.
This limitation of capital expendi¬
tures
our
on
the
one
'certificates
fixed
on
assets
order
involve an exchange of 1V2 shares
stock, one-quarter share of Dela¬
would
plan—which
the
Philadelphia Electric Co. common
Power
ware
Light Co.
&
approach
would
in
preference stock was the first step toward compliance
to recapitalize on a single-stock basis and cease to
cumulative
and $3.75 for each preference
the single-stock classification
Mr. Hickey said.
Further action outlined by him
share—United
and distribute holdings
two systems,
preference shares and divest
356
would eliminate the remaining 1,244,United of its holdings of the United
Improvement Co., the Public Service Corp. of N. J., the Columbia
Gas & Electric Corp. and the Niagara Hudson Power Corp.
To achieve this program Columbia Gas and Niagara Hudson common
stock should be put on a "sound dividend-paying basis," Mr. Hickey
held.
.
the
of
hand
and our special amortization charges under
necessity' together with our regular depreciation
hand, combined to reduce the net amount of
other
(including
plants
{
<-
hearing has been adjourned until early in April
to prepare cross-examination.—V.
The
counsel an opportunity
United Drill and Tool Corp.—Operating
Estimated Operating
before
Profit
and
woodlands)
from
.
to give SEC
159, p. 1081.
Results-
Results for Year 1943
taxes___.
Provision for Federal income
The above stated estimated
is arrived at by
—______
and excess profits taxes—.
$7,208,530
5,960,000
$1,248,530
net profit for the year 1943 of $1,248,530
computing the provision for Federal income and excess
net of the estimated post-war excess profits tax refund
then deducting, as a reserve for contingencies, the
sum of $830,000—which
latter amount equals the estimated post-war
excess profits tax refund of $630,000 plus an additional $200,000 which
had previously been transferred to reserve, during the year.—V. 158,
p. 2297.
taxes
$630,000,
mission
by higher costs,
pany
Reports to SEC on One Class
and
United Gas Corp.—Seeks
1479.
1943
all
after
per
Mexico.—V. 159, p. 1192.
Hickey, President, told the Securities and Exchange Com¬
22 that United's plan to retire half of its outstanding
William M.
profits
977.
$33,554,955 $27,915,174
Alexander
payload capacity in its commercial operations
passenger traffic for the year was of the
total
Estimated net profit—:
tLess reserve for depreciation of $10,448,-
in 1942.—V.
1
and
its
4,081,497
Union Bag & Paper Corp.—Earnings—
income
of
pany's
138,291
$1, payable May 1 to holders of record April 15.
A
paid on Sept. 1 and Nov. 1, last year, and on Nov. 24
Net
for the year and provisions for taxes
$4,203,276.
the company utilized 87.8% of
This latter figure rose to 80% of total passenger traffic
December and was close to 100%
on certain sections of the com¬
$21,517,028 $22,315,528
30, 1942.—V. 158, p.
Income
64%
that
2,439,500
i
amount was
sales
company
its total passenger-cargo
4,335,000
2,439,500
—
(par $100)(par $1)
class A
reserve of $59,852.
Net
the
of
annual review disclosed that
574,036
180,568
for re¬
year
Tung-Sol Lamp Works, Inc.—10-Cent Dividend—
Dec.
$1,045,943.
income
incomewesulted in the total net. income of
on
Under
—
par
totaled $27,650,545, as against
Operating expenses and taxes, exclusive
of $510,840.
revenue
of
9,725,531
385,000
1
-———
dividend
operating revenues for 1943
$23,593,595 for 1942.
These included passenger revenue of $18,760,101,
mail revenue of ..$6,316,211, express -revenue of $2,063,393, and other
of
stock,
passenger
revenue
1942;
269,750
356,404
8,770,133
1
301,718
"liabilities
paid-in
1943
1943 United flew 357,-
miles for an increase of 23.1% over those
for a gain of 61.6%, and 3,965,890
express ton miles for a gain of 7.8%.
These increases were recorded
despite a decrease in airplane miles flown, which was attributed to the
sale or lease of 38 planes to the Government during the first half
196,592
of
a
surplus
in
$18,000,000 and $20,000,000 immediately after
four-engined, high-speed transports, and for
The company
holding company.
334,345
on
cumulative preferred
♦Less
795
of
fleet
a
be
debentures
$7 non-cumul. conv.
Total
between
of
for
war
other facilities.
with
118.641
$21,517,028 $22,315,528
contingencies
debt
-Funded
to $2.80
share of stock outstanding, as compared with $3,134,356, or $2.08
share in 1942, it was announced on March 16 by W. A. Patterson,
President.
After
a
$1,000,000 reserve
for post-war readjustments,
United's 1943 balance was $3,203,276, or $2.13 per share, as compared
with $2,134,356, or $1.42 per share for 1942.
per
2,180,981
$467,009
218,195
within
due
3'/a%
accrued
for
passengers,
per
of
y
Federal and State taxes
Other
essential
earnings for United Air Lines of $4,203,276 in 1943, equivalent
2,077,719
post-war
All Records in 1943—
mail and express, to-:
gether with maximum utilization of its airplane fleet, resulted in net
All-time
Gas
payable
payable
fund payt.
tirement
1193.
p.
mission
(other)
.
charges
authorized
$3,267,819
and
$5,500,000
$3
Deferred charges
Earnings
qualified to insure steady growth in its field.
The
and was due primarily to a
$8,540,255
2,393,604
12,500,000
1,447,533
con¬
dition, prepared to meet current and future problems with confidence,
2,349,172
$7,000,000
2,003,807
Calendar Years—
Tubize Rayon Corp.—-Annual
$7,553,957
1,215,551
v:>y
The
total cur¬
$4,483,370
1,174,165
:
all
$6,194,631
profits tax)
excess
A
depletion,
per barrel
44'/a cents
from
4,018,941
975,835
121,346
(customers)
—.
"Common stock
1942
$4,109,795
$4,894,931
1
.
& accrued interest
acceptances receiv
receivable
Accounts
deposit
on
securs.
trade
&
Transwestern Oil Co.—Earnings—
1943
2,134,757
0£ StOCk-
1942
1943
Capital and
>
$6,405,498
1,995,619
United Corp.—President
31
Condensed Balance Sheet, Dec.
Earned
Calendar Years—
$5,558,338
997,364
and $321,750 in 1942.
Assets—
Cash
$1,76
$1.53
share.
Earnings per common
>7%
31,
486.
Dec.
$3,486,006
913,921
Federal income
and
553,146
dividends
Reserve
acquired and retired to the corporation's treasury.
Capital stock and surplus totalled $87,115,066 at
compared
$9,161,625
"'$0.90
$15,482,716
$1.55
profit after taxes and minority interest
per sh. on 9,982,000 shs, outstanding
Earns,
♦On
1942
1,958,180
priority type.
$1,405,907
Dividends
1943
Calendar Years—
1,703,851
$2,935,630
♦Includes
in
Accounts
Subsidiaries
915,904
charges.
income
125.400
Liabilities—
Results
41,764,781
14,375,411
307,953
sources
155,832
$1,246,136
income
Net
Total
Transamerica Corp.—Earnings Rose in 1943—
16,379,832
sources—
other
&
Net
611,500
surtax
profits
excess
income
State
and
Patents, licenses, and other intangibles
inc.
and bus)_
(railway
♦Loss.—V.
net
7,199,147
transp.
income
Total
$5,749,579
600,225
.
tProperty
Total
52,774.424
investments
other
preciation,
charges
Inventories
$122,717
income-
deductions
306,359
—
income
Gross
U. S. Govt,
$119,250
income-
Total non-oper. incomeTotal gross
$3,216,494
1,449,771
$3,216,192
176,922
Total net
$414,387
Total taxes
Total
1944—8 Mos.—1943
$1,458,096 $12,784,594 $11,718,941
1,043,709
9,568,403 , 8,502,447
$1,520,680
$5,443,220
253,745
$4,911,374
credits—
Income
Common
1944—Month—1943
Period End, Feb.—
Total
$4,657,629
profit from operations
income
1,114,601
682,526
1,052,842
716,930
—
administrative and general expenses—
Selling,
Class
(Railway and Bus Operations)
1
Depreciation
Preferred
Third Avenue Transit
20,558,273
of 1942.
$16,812,555 $17,017,394
10,385,154
9,777,046
—
sold
goods
Federal
The receivers of the company
25,268,453
$3,195,874
from
from
In
fibers in a spirit of admiration and
pride, since they represent further proof of the need of durable, uni¬
form man-made textile materials for filling specific functions hitherto
inadequately served by the existing natural and synthetic fibers.
We
willingly concede that in certain fields rayon's place may be taken
by; one or more 6f the newer synthetics.
While that is happening,
rayon will find, in our opinion, new, and possibly greater application
in other directions, for there are apparently few fields in which rayon,
suitably modified to meet the new conditions, cannot penetrate, usually
view
we
1943
Net oper.
1344—2 Mos.—1943
1944—Month—1943
$38,183,034 $32,159,330 $76,416,445 564,503,370
revenues
operations
and
Fixed
2368.
8,910,749
inc.
Inc.
cellulosic yarns.
the
by
Rather,
Texas Power
Net
p.
Two months ended February
problems during the post-war
taken during the year to meet
recent times,
In
880.
p.
Other
316,505
$319,077
income
159,
$810,366
294,761
oper.
♦Taxes
ticipation in the future growth in
$1,531,095
—
—
com¬
of
>
Equip. & jt. facil. rents
(net)
period have been devoted almost entirely to studying the potential de¬
mand for synthetic fibers and developing a program to insure par¬
99,419
for fix.
$5,741,592,
ratio of current assets
1943, compared with
The
end
the
February
$1,544,876
10,620
charges
Fixed charges
Net
48,736
$1,112,842
123,913
deductions
Miscell.
—V.
$769,117
$624,4581
income-
at
Co.-r-Earnings—
February—
Railway oper. expenses.
Competitive Outlook
Steps
Net
Railway
fabric amounted to
5,342
70,808
Period End.
9,897.000 pounds in 1943,
as compared
with 9,570,000 pounds in the preceding year. The most
pronounced gain was in the tricot knit fabric division.
1942.
1
debentures,
Union Pacific RR.
yarns.
Production of finished
$719,239
150,084
income
operating
Ry,
Equip, rentals (net Dr)_
Jt. Fac. rent, (net Dr)_
$4,505,945
$5,533,670
4,089,151
$2,217,561
1,377,158
$2,791,165
operations
amounted to
1943,
31,
to
off an additional $500,000 of debentures.—V. 158,
pay
during the present year of $385,000.
At the January,
1944, meeting, the board of directors authorized
the calling for redemption and retirement of 6,000 shares of our 7 Jo
cumulative preferred stock.
The shares called were drawn by lot for
retirement on April 1, 1944, at $110 per share and accrued dividends.
Output of quality yarn and fabric in 1943 was at a high level, con¬
sistent with the demands and limitations imposed by wartime restric¬
tions.
Yarn production declined during the year to a total of 22,678,000 pounds, as compared with 24,406,000 pounds in 1942. Viscose
process
yarn output aggregated
18,477,000 pounds; acetate process
yarn, 4,201,000 pounds.
The
decline in production
was influenced
by limitations on the
'supply of certain essential materials and supplies, by the shortage of
qualified labor, and by the production of a greater proportion, of finer
5,834,443
7,437,265
2,891,557
3,717,039
3.3
was
31,
Dec.
Union Bag & Paper paid off $500,000 of 3s/a% sinking
and notice was given earlier this year of intent to
1943,
During
fund
to
reserves.
Dec.
on
1 at the end of 1942.
2.2 to
obligations of the company, in the form of 3%% sinking fund
were reduced $405,000 during the year, leaving a balance
outstanding on Dec. 31, 1943, of $4,335,000.
The original amount of
this issue, dated Nov. 1, 1941, was $5,000,000.
Company has an ob¬
of
as
$4,661,196
with
current liabilities
to
bility for bond retirement
1943
2 Mos.
1944
.
capital
Working
pared
retire $260,000 of these debentures annually, plus an
amount equivalent to 10% of annual net earnings in each year.
This
additional amount for 1943 was $125,000, making a total current lia¬
1,839,012
to $17,322,714 at Dec. 31, 1943.
The difference of
added to our working capital."
.
has received a statement from the War Department
all taxes and
for
provision
Fixed
ligation
was
company
price adjustment board that no excessive profit was realized in 1942.
In view of this, Mr. Calder believes that any renegotiation of
1943
contracts will have no material effect on earnings as reported after
debentures,
Co.—Earnings-
$6,508,204
Operating
V
.
1944—Month—1943
period End. February—
Net
$3,544,723
21,927
charges
Interest
—V.
$3,597,777
31,567
$261,192
income
Gross
$285,872
1,454
(net)
The
1.
is 6.5 to
taxes,
Net oper.
Other income
1942,
$1,454,593
the
At
$11,034,340
393,495
440,068
—L—
taxes
Prop.
$942,774 $12,773,908
$1,064,943
—
expenses
Federal taxes
stock, they also approved a
our
Tubize Chatillon Corp. to Tubize
end of 1943, working capital
from
31,
Dec.
change of our corporate name
Rayon Corp.
aggregating $7,690,223, showed
an increase of $1,072,209 over the total at the end of 1942.
Cash and
United States Government securities amounted to $8,913,871, which
is $715,433 more than the balance a year ago,, and more than twice
total current liabilities, including taxes.
The ratio of total current
assets to total current liabilities, after deducting from both an amount
equivalent to our liability for taxes on income, including excess profits
tion of
Co.—Earnings—
1944—Month—1943
1944—12 Mos.—1943
Electric Service
Texas
Monday, April 3, 1944
CHRONICLE
& FINANCIAL
THE COMMERCIAL
1392
$18,777,307
at
Exemption—
corporation has applied to the Securities and Exchange Com¬
for exemption from the competitive bidding requirements with
respect to the sale of $100,000,000 first mortgage and collateral trust
bonds, due 1961,
The application along with related amendments were consolidated
by the Commission with the other proceedings which have been set for
a hearing on April 4.;
'
'
.
:
In the amendment United Gas Pipe Line Co., a subsidiary of United
..
$23,000,000 first mortgage bonds, series
due 1961, all of which will be issued to United Gas Corp. in exchange
for a like amount of Pipe Line's 6%
debentures, due March 1, 1952,
now owned by United Gas, which debentures will be cancelled.. :
The $23,000,000 Pipe Line bonds will be pledged under the United
Gas mortgage,
together with following securities of Pipe Line and
other subsidiaries of United:
100,000 shares of the capital stock iof
Pipe Line; 50,000 shares of capital stock of Union Producing Co.;
$40,000,000 6% debentures, due March 1, 1952, of Union Producing
Co.; 5,000 shares of United Oil Pipe Line Co. and 53,094 shares of
Compania Mexicana de Gas, S. A.
' ,
The amendment contemplates that the assets of Houston Gulf Gas
Co., a subsidiary of Pipe Line, will be acquired by Pipe Line by a
merger or by the liquidation or dissolution of Houston Gulf Gas Co.
Gas, proposed to issue and sell
—V.
159,
p.
1081.
Volume
159
Number 4269
•.
.
•
THE COMMERCIAL
>>.
,
United
tight & Power Co.—Subsidiaries File Joint In¬
tegration Program—
The
which
and
nental
&
of
Railways
United
Co.
Light
Exchange Commission
described
are
the joint
in
and
&
Continental- Gas
Power
Co.,
approve
to
a
application
as
&
tax
Electric
have asked
series
the
Se¬
of
the
integration
plan,
American Light &
75,000
shares,
Missouri
and
Power
purchase
in
Continental proposes to purchase
all the outstanding common
from
Power Co.
3,298
&
from
Maryville
569.
shares
of
$6
cumulative
preferred
Missouri then
Light
it
liquidated
of
these
provisions
cash
use
and
U.
159, p. 978.
z.'
announced.
He
i§ succeeded by Fred B. Wright,
company's nation-widp distributing organization.-
made
required,
$6.86
Plant
in
stock
Consolidated Earnings
March
1944
earnings
•
Net
earnings
of
Preferred
dividend
the
share
per
stock
mon
♦After
taxes
completion
216,243
246,182
p.
$447,631
$419,935
272,970
272,970
either
159,
..i--
income
and
amortization.
for
shares
$174,661
tNo
period,
except
it
for
provision
being
$146,965
that
Yy-y
and
for
excess
will
none
United
States Gauge
American
United
Machine
States
&
Co.
Hoffman
Machinery
Ago—
ceed Those Of A Year
The
the
company's business in
levels
same
dent,
The
reported
results
in the
as
following
for
the
production
profits
be
at
annual
two
months
over
the
$25,377,
indicate
5
or
net
cents
Y:-y '■."■V
Joint
facil
Other
Ex¬
share
show
the
on
quarter of 1943 when the company's
bemw capacity operations, he said.—if.
far
Benjamin
U.
S.
James
O'Connell and
reorganization
Clancy.
The trustees
pany's
voluntary
Argument
order
Frederick
trustees
named
were
authorizing
of
and
Sanders
order
of
petition
the
directing
Feb.
on
holders'
as
per¬
reorganization trustees to pay
the outstanding debentures
Jan.
Gross
from
Net
ry.
an
James
J.
rative
The
119431
the
Gross
Mengel
Mr.
The
manufactured
and
sold
jointly by
U.
-
sales
for
the
month
Plywood
and
above
the
total
states:
be
to
"Orders
for
the
being booked currently and specifications
indicate
firm,
that
1944
will
be
an
exceptionally
Ripley
&
United
States
13,423
16,182
11,528
♦2,817
3,277
Gross
Co.—Develops New Product—
Net
to meet urgent war emergencies by
252,059
216,571
s
ment.
Net
ry.
48,211"
properties, it is
and
excessive
vibration.
Because
of
Net ry.
15,745
the
statement
is
named
This plastic board is now the
principal material
bullet-sealing fuel cells in airplanes and is also used
with
the
to
—V.
Formal
nal
of
announcement
Lowell
Ordnance
department
this
of
Manager of
the
Works
the
as
underwriter
company,
of Plant No.
Mass.,
made
was
that department.
by
the
March
on
17
1
of
the
soon
removal
as
of
ammunition
com¬
The
plant
nications
said it
will
confine
its
manufacture
long lines
Begun—
production
of inner
tubes
for
tires
made
Development
in
tubes
tubes
made
running
1942
which
and
four
also
has
years
placed
considered
high
a
tear
this
at
ago
in service
resistance, for
Experimental
plant.
several
on
generally satisfactory,
Tompkins Resigns
company on
sultant
—V.
butyl,
started
1942
bus
officials
lines
as
of
159,
a
the
March
29
company,
He
with
will
that
Lucius
continue
which he
as
director
a
has been associated
and
since
,___
YY
14,431,390
6,028,250
1,713,587
1,508,636
1943
9,885,385
,378,072
3,087,711
apd for First Two Months of 1944—
the
common
March
stock
22
and
declared
the
dividend of 50
a
cents
per
share
quarterly dividend of 87 % cents
per share on the preferred stock, both payable April 15 to holders of
record March 31.
Like amounts were paid on Jan,
15, last.
In 1943,
the
15,
the
made
company
Jan.
$1^ and
on
following distributions on the
April 15, July 15 and Oct. 15, 75
The
company announced
common
stock is not to be
dend
rate.
that
Consolidated
the
dividend
just
Profit
Loss
and
Earned
'
,
Domestic
foreign Federal
taxes
——
Prov.
declared
on
Reserve
ties
for
closed
Earned
dated
♦After
taxes
special
on
1944—12 Mos.—1943
$1,113,763
$12,791,810
$11,938,335
4,938,246
421,592
121,030
1,721,530
5,210,370
1,253,918
1,219,893
1,113,927
91,778
1,093,738
the
etc.
$373,408
$3,818,343
2,621
1,814
45,618
46.255
$276,649
$375,222
$3,863,961
$3,315,580
82,630
.
than
81,410
882,416
down
for
$293,812
$2,981,545
$2,447,902
$194,019
expenses
of gold
proper¬
by Government order
surplus—end of year,
balance
sheet
deducting
all
and
as
per
$194,019
stock
for
the
$293,812
$2,681,545
charges
except
$9,933,793 $10,19 7,483
domestic
for
of
.
this
and
foreign
Federal
depreciation, depletion
after
period™™—
622,518
of
process
for
at
$1,825,384
1193.
F.
Kaynor,
with
President,
its
with
changes
in
announces
in
place
The
widely
plastic
the
on
The
word
the
of
name
molding
or
as
in
Chicago,
practically 100%
separate
Philadelphia,
on
essential
small
former
company
of
license
for
tnree
television
are
to
three of
Chlorine
Shares—
Waterbury Button Co.
stadt
will
in
name
order
could
metal
April
&
Co.
stock,
the
to
for
and
corporation
February,
an
processes,
erection of plants
to produce new
products,
conversion of plants now owned
by the Government
by the corporation, and increase of
working capital.
and
Wheeling & Lake Erie Ry.—Earnings
Gross
Net
the
year
located
and
and
1942
1941
$2,054,547
$1,481,572
$1,412,967
733,425
850,491
income.™
510,029
251,395
273,909
445,362
211,954
ry.
346,356
3,807,515
1,339,758
4,219,683
3,124,599
2,838,842
1,801,123
976,417
1,000,425
4az,973
55a,8„0
447,336
708,305
oper.
From Jan. 1—
Gross
from
Net
railway..™
railway
from
ry,
income™.
oper,
159,
.
1291.
p.
Wilson
The
Jones
directors
share,
of
payable May
like
amount
the
Co.—Interim Dividend of 37 Vz
have
was
declared
Wisconsin Central
as
the
have
Total
expenses™.™
ry.
Federal
New
York,
Toronto
3,117,530
60.28%
revenue
passenger
miles
company's
Thomson,
pension
director
plan
on
of
1944—Month—1943
April
l,
after
relations,
41
years
retired
of
8, 1943.
1944—2 MOS.—1943
$1,509,315
$3,293,664
1,041,777
2,593,452
2,177,160
$236,978
$467,538
$700,211
$743,872
revenues—
income
taxes..
$2,921,032 4
28,040
81,707
107,000
81,707
103,119
100,593
211,494
205,649
taxes—.Y
$165,819
$285,238
$381,718
$456,516
23,359
3,463
after
ry.
oper.
30,296
income.
46,063
11,556
60,874
30,216...
58,952
$112,164
$251,559
$274,781
$386,009
Drl39,545
Cr3,551
Drl35,129
Cr6,742
Dr$27,380
$255,110
$139,651
$392,751
10,032
income, net
♦Fixed
12,721
20,272
24,159
charges
profit
after
fixed
chgs. being paid
curr.
.
Dr$37,472
uterest
flown
.—V.
over
public
was
Income avail, for fxd.
annual
(William)
James C.
$242,389
being
158,
p.
accrued
$119,379
on
of
under
the
service, it
was
First
At
the
including
First Vice-President
Vice-President
stockholders'
Mr.
$368 591
corporate
books
but
1032.
Wrigley, Jr., Co.—New President, Etc.—
Cox,
Treasurer, and Arthur J. Sauer Jr.
Western Electric Co., Inc.—Official Retires—
L.
Nov.
per
interim
equipment, Dr__
facility rents, Dr
Net
Joint
February, 1943.
In January
revenue passenger miles flown totaled
2,991,316.
The first two months
of 1944 shows a gain of 7.28%
over the same
months of
1943,
Air
express pound miles totaled 81,566,891, an increase of
38%.—V. 159,
P. 116.
Philip
on
cents
which
(Ont.),
Net
the
year,
cents
Cents—
An
1,285,309
Other taxes
YY;'"Y
for
distribution of 62%
37V2
18.
opera¬
Other
date
of
$1,582,287
Meeting—
new
dividend
Ry.—Earnings—
y
revenues™™™
YYrYY:'
25
interim
an
1 to stockholders of record April
disbursed on the same date last
Period Ended Feb.—
Total
1812.
'
.
1943
$1,952,187
rather
There
at
1944
railway
railway™,..™
from
from
Net
to
:
35,000
....'.Y,■
New Vice-President—
Inc.—February Traffic Up—
increase of
Offer
W. N. Williams,
formerly Assistant to the President, has been elected
Vice-President in charge of production.—V.
159, p. 116.
more
originally scheduled for March 14.
meeting will be April 3, and proxy material
April 7.—V. 159, p. 1082.
reported
Corp.—To
Public offering of the new
shares is expected late in
April,, following
registratioin under the Securities Act of 1933.
stockholders
Western Air Lines,
The
Products
by stockholders.
and operated
Net
in
out-
covering the sale of 35,000 shares of $4.25 cumulative
pre¬
subject to authorization of 'the issue
stockholders,
date
mailed
"standard—broadcast
contemplated that the proceeds will be made available for
post¬
development, including enlargement and improvement of
present
war
that
be
wares
name.
policy
Francisco
items.
above.
common
record
be
set
■
It is
before.
Webster Eisenlohr, Inc.—Annual
has
the company's
yYy
Hire of
of
■
these cities, It was stated,
transmitters, and other facili¬
name
Waterbury (Conn.) Companies, Inc.- -New Name-
corporation
a
>
...
Philadelphia,
lollowed by a final year-end
—V. 159, p. 488.
the
corporate
changed
activities
divisions,
San
war
adoption
old
was
and
Button
will continue
six
the
diversified
management
has
company
than'
more
Philadelphia, KDKA at Pittsburgh, the nation's first
broadcasting scheduled programs, and WBZ at Boston.
station
ferred
622,518
$2,059,027
p.
W.
tho
pro¬
backlog represents war contracts which
being terminated, Mr. Robertson said.
and
Treasurer, has been
President, succeeding Philip K. Wrigley; E. D. Atwater
—
for reserves
500,000
$80,588,697,
$2,447,902
consoli¬
_____
provision
______
totaled
with
A.
that
Corporation, one of the country's principal producers of
industrial
chemicals,, has entered into an underwriting
agreement with F. Eber-
9,686,706
500,000
built
Net
300,000
Waterbury Companies, Inc., stems back
$13,025,720 $14,950,361
contingencies
10%
the
Westvaco
867,678
of
tions of the
company
$5,263,655
2,115,060
February
equivalent of
peak wartime production pace."
the
February—
1942
1,454,104
reserve
no
See
1,637,818
in
peak,
month,
disclosed
floors of television studios built
in 1938 at station KYW at Phila¬
delphia await only the re.ease of critical
materials for
completion.
V —V. 159, p. 1194.
Net
_;
emphasis
been
Surplus
1,637,818
bilied
after
He
broadcasting stations,
at Boston, and at Pittsburgh as soon as
available, have been filed with the Federal Com¬
munications
Commission
by
Westinghouse Radio Stations,
Inc.,
a
wholly-owned subsidiary, it was announced on March 23.
Y
•
_
identified
$2,828,237
10,197,483
,
in
now
be
$3,269,325
charges
company
The
v-
production
1,090,795
$274,028
Waterbury Companies, Inc.,
The
Waterbury Button Co.
meeting
—
at
Applications
to
of
1,883,183
.___
its
renegotiation.
critical materials
B,
bonds,
105,895
(net)
income
159,
2,934,090
™™___r___™™_—™
shutdown
income
5%
91,066
Boston,
the
reached
Television Licenses Sought—
plants
Balance
—V.
1,652,015
dividends
for
1978;
1677.
484,270
revenues
applic, to pfd.
1,348,818
year____
-
dividends
are
—V.
amortiz.
year_„_—
Total
Common
due April 1,
series
re¬
reservations
income
on
depletion &
surplus—bal. beginning of
Preferred
bonds,
181,156
net Income
$5,829,069 $10,080,934
__________
depreciation,
for
5%
1975;
111,521
income
Miscel.
The
fProfit
Earned
1,
1944—Month—1943
$1,142,041
___
•'
Net
stock:
each.
cents
1943
.
earnings
for
1980.—V. 158, p.
___
•
as
establishing a regular divi¬
,YY ;.Y'.',-Y'Y
and
Calendar Years—
♦Consolidated
Reserves
common
for
sales
Approximately
,266,404
considered
••
and
1,
expenses
income
readily
usual
Mfg. Co.—Output Maintained
have
,390,045
1,200,324
Waterbury (Conn.) Button Co.—Changes Name—
The directors on
on
series A, due March
4l%% bonds, series C,
revenues
Warren
States Smelting, Refining &
Mining Co.—To
Pay 50-Cent Dividend on Common Stock—Earnings for
to
appears
net
year's work
1941
1916.
United
&
maintaining the same level month
Chairman, announced on March 29.
Two
approp.
Interest,
1082.
p.
company
661,868
846,590
15,397,799
6,086,728
____
retirement
Gross
had
con¬
218,096
YY''1-"
978.
p.
radio
Balance
Tompkins
590,809
544,233
f Preferred
bonds,
oper.
Other
said.
D.
1,083,392
1,005,815
ties as additions
lets—KYW in
taxes
serve
Vice-President—
as
announced
Vice-President.
2,757,080
2,034,383
794,562
188,845
still
are
4,435,084
2,243,862
income
225,599
Ry.—Suspended From Dealing—
taxes
Y Net
Divs.
L. D.
The
of
was
in
and
resigned
Other
from
butyl type syn¬
thetic rubber has been started at the
company's plant at Indianapolis,
Ind., it was stated on March 29.
For the time
being the tubes are
being made exclusively for use by the armed services.
use
D,
Federal
commu¬
From Butyl Synthetic
76,125
1,642,032
619,604
income.™
1, 1976;
due April
Operating
Operating
cable.-
Mass Production of Tire Tubes
Mass
Aug.
Property
to
333,242
$4,965,722
Period End. Jan. 31—
manufacturing equipment is
490,891
5,735,511
;
2,985,411
Washington Water Power Co. (&
Subs.)—Earnings—
by C. W. Higbee,
pleted.
24.0,254
6,932,196
acquisition
.
for the installation of machinery and other neces¬
approximately one-half million square feet of space
equipment in
sary
as
5V2%
gage
cable
Present plans call
income.™
Establishment of television stations in
will entail construction of new
stuaios,
origi¬
and
wire
259,183
$7,288,424
Y../ V
railway
railway
oper,
1943
following securities will be suspended from
dealings on the
York Stock Exchange April
6, 1944:
Refunding and general mort¬
New
tanks.
due
Lowell,
1941
$1,311,999
571,008
our
high level of production," Mr. Robertson
added, "we
continuing to receive new orders at .an even
higher level.
In
February our new orders amounted to
$86,043,048, bringing our back¬
log of unfilled orders to $923,188,017—the
heading
159, p. 1193.
series
occupancy
at
1942
$2,204,664
990,414
3,204,162
761,795
•
January i—
Wabash
support
To Operate Lowell Plant—
1943
$2,836,933
447,648
$7,711,570
from
YY'
de-icer
1944
$2,755,105
"Despite
Securities
The
used
for
RR.—Earnings—
are
offering.—V^15g^-£. 2297.
1944
oper. income
From
Gross
these
being used for helicopter cabin structures.
now
556,984
$982,788
now
vision
40,756
13,613
light
strains
output
159,975
63,535
make
railway
railway.,
from
withstand
533,152
$1,061,285
company's
29,822
Inc.,
from
from
Net
to
274,682
$451,941
/
this company, a new
plastic resin board which is being successfully used
by both Army and
Navy will probably iind many post-war
uses, not
only in airplane
manufacture but in many other lines,
including luggage, wall paneling,
flooring, table tops and house furnishings, according to an announce¬
ability
264,109
Robertson,
Wabash RR.—Earnings-
Advantages of the plastic beard for airplane manufacture are its
weight, half that of aluminum, its great tensile strength, and its
$1,539,772
$545,452
._
oper.
The
good
159, p. 1192.
Rubber
$1,594,437
railway.
railway
159,
$70,095
28,300
Co.,
which will
group
66,420
$726,623
at Peak Level—
1941
-
shares
February—
Developed
1942
$90,362
relating to 696,702 shares of common stock
being registered include 443,850 shares now
by The National City Bank, New York.
No date has been set
for a public
offering of the shares and it is not anticipated that the
offering will be made in the immediate future.
The
par).
Dr29,737
58,579
railway.™_
from
owned
Harriman
year for this division."—V.
1943
registration
a
70,578
Dr29,590
36,250
$809,561
from
ry.
978.
filed
93,157
Drl5,109
_—___™
oper.
Net
Exchange Commission
($6.50
and
■
;
208%
were
S.
ry.
Net
70,903
has
company
28,084
16,528
railway™™™
from
$1,225,186
Vertientes-Camaguey Sugar Co.—Registers With SEC
Flexglass-Flexwood
1942.
Dunne
known
corporation's
Co.
Flexwood
December,
the
of
Net
Jan 30, '43
28,822
p.
43,297
Dr
income
from
Gross
$120,241
280,365
159,
$1,432,505
February—
Y'jY
income
oper.
$1,472,291
25,653
income
Gross
Net
13,933
railway
railway
from
ry.
$677,398
(net)_
Western Pacific
Voorhees
35,594
from
Net
992,000
$757,139
Westinghouse Electric
1944
$138,731
.
1,167,000
159, p. 978.
-V.
income___
3,344,150
472,000
______
rents
From Jan. 1—
Jan 29, '44
railway
oper.
Net
largest on record, it was recently announced by
Vice-president,
Fiexwood and Flexglass are deco¬
Dunne,
materials
sales
—V.
"
$1,214,001
jY
$5,768,655
3,755,196
year.
Inc.—Earnings
the
United States Plywood Corp.—Record Sales—
were
M.
-vY
railway—_
♦Deficit.—V.
December
Enders
;
From Jan. 1—
1, 1944, interest coupons on
totaling
$1,543,500 par vaiue, was adjourned March 30 until
April 26.—V. 159,
p. 644.
Division
and
Ry.—Earnings—
from
Net
iast.
for
Irvin
Pri29l
159,
■February—,
W.
com¬
1,
committee
A.
13 Weeks Ended—
log,
John
after the
soon
ihed
was
debenture
Judge
William
Universal Pictures Co.,
Utah
retained
were
Federal
by Judge Clancy
reorganization
motion
on
M.
by
Net
a
Realty & Improvement Co.—Trustees—
J.
Fairless,
•
—V.
manent
expiring this
F.
1243.
war
1773.
p.
Callaway, of Hamilton, Ga., has been elected
1944—2 Mos.—1943
$6,394,487
1,653,423
income
Fixed charges
they will be nominated for reelection for a term of three
years at the
annual meeting to be held on
May 1.
There is still one vacancy in the
1946 class, caused by the death of William
J. Filbert.—V.
159, pp. 1291,
com¬
the initial
still
With
Tho
1,893,760
___.
:
a
director to
Sewell L. Avery and
Philip R. Clarke
resigned as directors in the class whose terms
expire in 1946 and were
elected to fill two vacancies in the class with
terms
approximately
profits will
a
J.
reports.
on
597,000
expenses
Equipment rents
taxes
required.—V.
succeed the late James A. Farrell.
1943, Albert C. Bruce, Presi¬
stockholders meeting last week.
first
was
Cason
411.
p,
Co.—Results
the current quarter is
the
reported for
153,
final quarter of
increase
substantial
mon,
Inc., above.—V.
<
relinquished
Press
Railway—Earnings—
1944—Month—1943
$3,247,899
$2,802,827
Operating income
United States Steel Corp.—New Director—
(Pa.), N. Y.—Control—-
Metals,
were
—
$0.28
foreign Federal
depreciation, depletion
for
made
was
believed
February
revenues
Taxes'
domestic
reserves
Maryland
Period Ended
Operating
Operating
Gross
See
the
1193.
Western
com-
$0.33
charges
provision
51.
p.
of
outstanding....—
all
company's Point Breeze (Baltimore) plants
23 by the Army,
according to Associated
314,018
——i
528,765
on
deducting
on
and
of
separate
requirements
———
Earnings
$882,360
257,050
________—__—
Balance
1'
executive
an
.
Returned—
Army seized the plants Dec. 19,
1943, after a strike of several hundred
workers following a
dispute over the failure of the
company to furnish
sanitary facilities for white and Negro
workers.—V, 159,
1943
$1,018,699
and
foreign Federal taxes on income
Reserves for deprec.,
depl. and amortization
stock,
&
_
♦Gross
Treasury obligations
Maryville will then be
after
profits
been
.«»
.
The
Estimated
S.
payment to Continental.
dissolved.
As soon
as
possible
excess
have
First Two Months—
transactions, Missouri proposes to redeem
$1,000,000 of its
stock held by the public at 105, plus accrued
dividends.
preferred
—V.
to
in
and
other
no
States
Continental
proposes
owns
company;
United
taxes, it being believed that -,non£ will be
per
share on common stock in 1943 and
$2.25
1942.
Electric
Missouri
which
profits
well-defined
Co. for $3,729,800.
proposes
for $1,271,289 all
Continental's interest
Light & Power Co., consisting of all the out¬
standing common stock (par $400,000), 6% demand note in the face
amount of $328,720 and open account
indebtedness aggregating
$542,to
subsidiary
to
tDomestic
Under
North
a
FINANCIAL CHRONICLE
^tl943 includes $7,682
transactions
a
"part of
into
1935.
of
excess,
tEqual
designed to bring the holding system of Railways and Conti¬
compliance" with the Public Utility Holding
Company Act
program
of
Light
subsidiaries
curities
amortization.
for
United
Corp.,
and
Wrigler,
was
been
The
elected
elected
office
abolished.
meeting,
were
has
Assistant Treasurer.
as
on
March
reelected.—V.
?8,
158,
all
p.
of
1S14.
the
directors,
-
City Department
State and
BOND PROPOSALS AND
(State of)
Alabama
NEGOTIATIONS
COLORADO
of refunding
29,000
sewer
system disposal
plant bonds offered for sale
on March 28 (v. 159, p. 1083)
ALABAMA
Debt
at a price of 108.80.
Dated
Requirements Present Problem—
Feb. 1, 1944.
Due March 1,
With revenues to be received in
as
follows: $500 in
1947 to
the present year likely to exceed
1954, $750 in 1955 to 1962, $1,the purposes for which the State
000 in 1963 to 1972, and $1,income tax was voted via consti¬
500 in 1973 to 1978.
tutional amendment in 1933, fiscal
The next highest bidder
was
agents of the State are now con¬
Walter R. Bass Co., for $70,000, at
sidering whether to repeal the
a
price of 102.27, for $29,000, at
levy or to direct the income to
a price of 102.27.
other
purposes.
According to
Hayse Tucker, State Finance Di¬
1
CALIFORNIA
rector, the income tax ,surplus
California (State of)
fund
holds about $7,250,000 of
Federal
bonds,
which
coupled
Cash Excess Increases $11,000,with
estimated 1943 income of 000 More—The State general fund
$4,000,000
will
be more
than cash excess rising steadily for
enough to pay the $10,703,000 months due to tax yields from
balance remaining from the orig¬ wartime earnings and spending,
inal $18,000,000 bond issue.
The increased by another $11,388,978
last
installment of these bonds, during
February,! it . was an¬
however, is not due until 1956. nounced recently by State Con¬
Possible recommendations to the troller Harry B. Riley.
1945 Legislature now being studRiley placed the excess at $121,Med. include:
420,685 as of Feb. 29, compared
1.
Repeal of the income tax,
to $110,031,707 on Jan. 1 and $79,2.
Reduction of the State prop¬ 380,746 at the end of February,
erty tax with the treasury to be 1943.
The tax yield from July 1, 1943
i
reimbursed through income tax
of
Excess
in
Revenues
;!!.!'
/
present $2,000
State homestead exemption tax to
include county and city levies.
the
Extend
3.
Use of income tax money
4.
for
general purposes, that is, place it
in the pot for expansion of gen¬
eral services, such as State insane
hospitals and other eleemosynary
institutions, and the educational
'
.1;
program.
■
Bond
(First Issue) bonds offered for
on March 29—v. 159, p. 1195
A
sale
•—were
of
at
& Co.,
to Marx
awarded
Court
High
Birmingham, as 3s, l%s and Is,
a
net interest cost of 1.304%.
1, 1944. Denom. $1,000.
Due July 1, as follows:
$7,000 in
1944; $2,000, 1945; $3,000, 1946;
Dated Jan.
of
16 election.
Bars
eggs" pension pro¬
A.
con¬
nection with the call for
tenders,
March 23, of highway
refund¬
on
due
of
not later
States,
the United
than April
1, 1954,
value
State
bonds
of
serial
0.875% yield
highway 3 *4%
1945
on
a
basis.
Calif.
Investment
was
Co.,
of
Stephens
Little
Rock,
the successful bidder for the
bonds
aggregating $99,000 as fol¬
lows:
—It is
reported that Mayor Lap-
of
Supervisors to submit to the
plan for municipal pur¬
voters his
of
Market
Street
Railway
Co.'s properties.
This provides for
acquisition of the company's fa¬
cilities by immediate
cash pay¬
ment of $2,000,000 plus process of
a
of
$5,500,000 bank loan. Six votes
the Supervisors would be re¬
quired for submission of an ordi¬
and a simple majority of
bonds of-
ferred for sale on
March 28
(v. 159, p. 1195) at a
107.24.
Dated Feb.
price of
1944.
Due March 1, as follows: $1,000 in 1945 to 1948, $1,500 in
1949 to 1957. $2,000 in 1958 to
1,
"
1967,
would
be
the proposal.
scheduled
at
a
to
needed
to
carry
The supervisors are
consider
the matter
meeting to be held, and ac¬
of the Market Street
Co.'s properties by the
city probably will be delayed un¬
til
after
the
May
16
primary
quisition
Railway
$70,000 sewer revenue
*
and
$2,500
in
1980.
1968
to
of
March
2s, paying a price
a basis of about 1.944%.
Dated May 1, 1944.
Denom. $1,000.
Due May 1, 1957.
The next
Toledo,
of 100.643,
highest
worth
&
as
Lantana, Fla.
town
fund
election.
To
Vote
on
Purchase—The
sider
Market
voters
Street
will
—
$1,000,000.
At a
meeting of the members of
approximately
recent
council, bondholders and
judgments, the possir
the town
of
holders
bidder was Braun, BosCo., for 2s, at a price of
bility of refunding the debt was
It was decided to se¬
discussed.
cure
report on the town's abil¬
a
annually,
ity to pay debt service
group
addition to
in
Lakeland, Fla,
Bond Sale Postponed—L. Press-
it could
and operar
revenues
raise for maintenance
tions.
"
■
v
with
$5,451,617,000 un contracts.
among
the New England
States
came
Maine, which was
27th
nation
the
in
and
received
$1,203,056,000 in contracts, mainly
for ships.'
> .
Rhode Island was close behind
Maine—30th in the nation with
in contracts.
New
ranked
38th,
with
$299,431,000, and Vermont was
42d, producing $138,497,000 worth
of war goods.
$923,501,000
Hampshire
came' from" the
contracts
The
Maritime Commis¬
sion, Treasury" and Foreign Pur¬
chasing
Missions,
the
Depart¬
Navy,
Army,
Federal
Commerce,
of
ment
Federal Security
Agency which includes the Office
of
Education,
War
Manpower
Works
Agency,
National
the
and
Commission
■/!'.;•!;
Housing Agency.
City
Clerk and Comptroller will 28—v. 159, p. 1196—were awarded
sealed bids until 10 a.m. to Stranahan, Harris & Co., Inc.,
receive
on
April 12 for the purchase of
of 100.18, a basis of about
funding series 1944 bonds. Dated
July 1, 1944. Denomination $1,000.
Due July 1, as follows: $25,000 in
Dated
1946,
1948,
1950,
1952,
1954,
1956,
1958,
1960,
1962,
1964,
1966,
1968,
May 7,-1944. ' Denom! $1',-
The next
Florida Na¬
Bank,
Jacksonville,
and
$120,000 in 1947, $100,000 in tional
$125,000 in 1949, $135,000 in Clyde C. Pierce Corp., for 2.20s,
$140,000 in 1951, $130,000 in at a price of 100.055.
$150,000 in 1953, $155,000 in
St. Augustine, Fla.
$50,000 in 1955, $170,000 in
Refunding Contract Awarded—
$175,000 in 1957, $180,000 in Lamar
Harmon, City Manager, re¬
$250,000 in 1959, $260,000 in
ports that the contract to refund
$265,000 in 1961, $275,000 in
the outstanding bonded indebted.$280,000 in 1963, $290,000 in
ness of the city has been awarded
$300,000 in 1965, $310,000 in
to a syndicate.
$320,000 in 1967, $330,000 in
Tarpon Springs, Fla.
$340,000 in 1969, and $475,Due May 7, 1959.
000.
bidder
highest
Bonds" maturing July
000 in 1970.
tificates
Princi¬
pal and interest (J-J) payable at
Ry.
Awaits Valida¬
of the
town's indebtedness was approved
S. District Court on
1944, and actual ex¬
changes await upon validation of
the issue and legal opinion of a
by
U.
the
Feb.
14,
recognized municipal law firm, it
was
reported
by Town
Clerk
Gladys Duncan.
The Bank of
Clearwater, Clearwater, Fla., has
been appointed
exchange agent,
although this phase of the pro¬
gram
to get
months
The plan provides for set¬
not
is
underway
hence.
tlement
on
expected
until
several
the basis of 33^%
indebtedness
payment date thereafter.
Co., New
The bonds will be sold to
responsible bidder offering to
par and accrued interest at
the lowest interest rate. Each bid¬
on
March
21
definitive
Pending exchange, the proposed
refundings are drawing 3% in¬
terest from July 1, 1943, it was
said.
con¬
proposal authorizing mu¬
nicipal acquisition of the Market
Street Railway properties at the
Bowling Green, Fla.
Tenders Wanted—E.S.
City
Clerk,
tenders
until
calls
7:30
for
p.m.
on
The city reserves
of
issued for
were
legally deliverable at the time
The approving opin¬
ion of Chapman & Cutler, of Chi¬
Court
of delivery.
District
of
will be furnished. Enclose a
certified
check for 2%
of the
amount of the bonds to be sold,
surrender
payable,to the City Treasurer.
accrued
Bonds
dated
tion
Validated—Bonds
and
were
vali¬
denied valida¬
set forth in a final de¬
bonds
signed by Joseph S. White,
Circuit Judge, recently, on peti¬
cree
tion
of the
City for validation of
$3,781,200 refunding issue, ac¬
cording to report.
Of the proposed $3,781,200 - in
a
bonds the judge vali¬
dated $3,607,200 worth and de¬
nied validation of $174,000, it was
sealed
May 2 said.
firmed
said
heretofore
decree
by
for
them
the
required
this
Creditors
payment.
S.
U.
Southern
Holders
are
at
con¬
the
of
Florida.
certificates
of
of
to
time
for
the
city
holding claims for unpaid interest
said
to
Jan.
1, 1939, on the
indebtedness involved in
city's
Fla.
purpose
refunding of the city's
and
ment
District
Lake Worth,
the
unpaid interest ac¬
crued to Jan. 1, 1939, in accord¬
ance with the plan
for readjust¬
refunding
be
cago,,
are
1949, are numbered from 1 to 224,
indebtedness
refunding
Holman,
-
tempo¬
or
1939, mature Jan. 1,
right to reject all bids or to
deliver only such bonds as may
the
of
1939,
1,
certificates
Said
and
the entire issue.
Jan.
form, are called for imme¬
diate payment at 20% of the face
to accept delivery
of the bonds as soon as they are
ready for delivery. All bids must
be unconditional and must be for
announced
rary
amount.
der must agree
D.
W.
certificates
that
of
in
whether
Cer¬
On
—
Clerk,
City
Fletcher,
dated Jan. 1,
of
principal and interest, according
to report, and for the new re¬
funding bonds to bear 3% interest
and containing an optional clause.
Claims
And
pay
Belleair, Fla.
was
Payment
Announces
1, 1960 to 1970, are optional for
redemption in inverse order at par
on
July 1, 1959, or any interest
York.
FLORIDA
2.10s, paying a price
2.086%.
of Toledo, as
$5,350,000 not to exceed 314% re¬
the Manufacturers Trust
tion—Plan for readjustment
.
grove,
Next
a
May 16 primary election.
»
This
is said to be planning to re¬
its bonded indebtedness of
Refund Bonds
Plan To
100.185.
eleventh biggest war producer in
the
three
and
one-half
years
Bond Exchange
Seeks to Submit Plan to Voters
,
voters
Stamps, Ark.
on
City Clerk and Comptrol¬
ler, reports that the sale of the Putnam County (P. O. Palatka),
meg State was ninth in the nation,
Fla.
surpassed by such States as New $5,350,000 refunding Series 1944
Bond Sale — The $40,000 SBA
bonds, scheduled for April 12, has
York, Michigan, California Penn¬
been postponed to a later date.
highway
refunding series
1944
sylvania and New Jersey.
Bond Offering — L. Pressgrove, bonds offered for sale on March
Massachusetts was the nation's
nance
Bond Sale—The W. E.
sale
159, p. 1195—were awarded
Stranahan, Harris & Co., Inc.,
to
ing $6,013,536,000 between June,
1940, and Jan. 1, 1944.
The Nut¬
(City and County),
chase
equal amount of 7/s %
certificates maturing April 1,1945.
Mr.
Storey also states that the
Board
purchased
$416,000
par
the
for
a
San Francisco
exchanged $932,000 %% Treasury
certificates
maturing
April
1,
for
SBA
1944,
offered
State Supreme
judge's decision.:
the
to
made
be
Series
refunding,
Government contracts total¬
with
ham has decided to ask the Board
1944,
topped
Connecticut
Yet—
Storey, Jr., Supervisor State
Refunding
Department,
advises
that the State Refunding Board
F. A.
to¬
fight a global war—from shells to
shoestrings.
construction bonds.
$650,000
cept for one $200 bond.
Twenty days is allowed after
the final decree for any appeal to
Court from the
Tampa), Fla.
Sale—The $100,000
highway
gether shared $1,429,638,000 worth
of contracts for items needed to
Supervisors, reports that no date
fixed as yet for
the
Dec.
Bond
which
bonds, she added.
The $3,607,200 worth of Series
C bonds the judge validated are of
denominations of $1,000 each, ex¬
Hillsborough County (P. O.
Production Board
The six New England States
Pequegnat, Clerk Board of
1, 1945, and direct general
obligations
as
Six
money
with
1, 1943, and mature
annually from:1945 to 1979, incl.
disclosed recently.
of sale has been
ing bonds, dated April 1, 1941, due
April
Fixed
dated
way, New England
have received nearly
1940, the War
The court, in a 6-to-l
Not
1,1969. The
outstanding are sub¬
now
approximate amount
the city has on hand
to redeem Series A
would be the
of
28—v.
held
Date
Sale
1944, and to
ject to call on any interest date.
proposed
issue
would be
by the Government on war con¬
tracts since the fall of France in
.
Gr.
bonds
which, she said, were purchased
by the city several years ago. The
remainder of the $174,000 worth
of the bonds on June
bonds
1947; $3,000, 1948; $2,000, plan.
The Court granted a writ of
1949; $3,000, 1950; $2,000 in 1951
and $3,000 from 1952 to 1956. The
mandate to Ralph P. Gage, a Los
next highest bidder was Watkins,
Angeles taxpayer, stopping Sec¬
Morrow & Co., for $39,000, IV2S,
retary of State Frank M. Jordan
at a net interest cost of 1.397%.
crom
placing the pension initia¬
The bonds were sold at par, as tive on the ballot at a special
follows: $12,000 maturing July 1,
election called by Governor War¬
$7,000 in 1944, $2,000 in 1945, $3,- ren for the purpose of submitting
000 in 1946, as 3s; $12,000 matur¬
a State constitutional amendment
ing July 1, $2,000 in 1947, $3,000 for State taxation of Federallyin 1948, $2,000 in 1949, $3,000 in awned lands.
1950, $2,000 in 1951, as l%s, and
Riverside County,
Corona Union
$15,000 maturing $3,000 July 1,
High School District (P. O. River¬
1952 to 1956, as Is.
side), Calif.
(State of)
Certificates Exchanged—In
a
spent
that the State's
intiative
law
requirements had
not been met by proponents of the
ARKANSAS
June 1,
on
holds about $74,worth of Series A bonds, most
000
of
The
one-tenth of the 183 billions
-
refunding
Attorney,
City
Esarey,
Mary
Series
'! C v *
1
said that the city
periodically thereafter to
maximum of 5% until maturity
arsenals
Connecticut and Massachusetts
industries
24.
The
replace a
increase
pointing the
$2,000,
Arkansas
3V2%
to
hand with which it
A bonds. ?
bonds, the interest rate on which
is scheduled to increase from 3%
vast
the
Billions—With
posal could not be placed on the
ballot to be considered at' the May
decision,
May 1,
par
Connecticut (State of)
War
Orders Now Exceed
.
Pension Plan From
Ballot—The State Supreme Court
ruled on March 21 that the peren¬
nial "ham and
issue
similar amount of 1939
CONNECTICUT
April 4 for the purchase
issues
of California
California
at
is
April
intended to
on
of Re¬
plus acrued interest,
with a premium of 1% of the
principal amount thereof, all out¬
standing refunding field house se¬
rial bonds, series of 1941.
Said
bonds are payable at the United
States National Bank, Denver.
1944
'Ham-Eggs"
Series
$39,000
should redeem outstanding
< courthouse
gents calls for payment on
up
Municipal bonds aggregating $1
had money on
plication for validation of a pro¬
posed issue of $325,000
.
Board
Call—The
Bond
various
of
Au-
Fairfield) Ala.
Sale—The
Regents, Colo.
issue could not be vali¬
dated. He also held that the city
funding
Issue—Hearing on the city's ap¬
April |1,
on
Validation Of Refunding
3% refund¬
ing bonds will be conducted by
University of Colorado, Board of Judge D. O. Rogers in the county
Executive Secretary State
Employees' Retirement
System,
will receive sealed bids until 11
on
Seeks
Fla.
in the re¬
bonds included
owned
Geissinger,
1944, at the United States National
Bank, Denver, bonds Nos. 59 to 80.
man,
a.m.
payment
for
calls
stat¬
major¬
of the bonds, held that city-
Judge White, in an order
ing he would validate the
ity
!(■; '!!•!!•.•'! •!•/;
Fort Meade,
College Committee,
of
Treasurer
380,500.
Fairfield Alabama Housing
thority (P. O.
Bond Call—James D.
Offering—Earl W. Chap¬
Bond
000.
District, Colo.
$5,323,589 over the
comparable period a year ago.
declared,
Junior College
Pueblo County
$171,604,242, Riley
to Feb. 29 was
bonds, issue of 1941.
approximate $7,-
Funds available
...
r
funds.
Monday, April 3, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1394
for
plan
and
readjustment
refunding, who have not yet sur¬
such
rendered
in
tificates
aforesaid
funds
are
claims
accordance
plan,
for
notified
are
available
to
cer¬
with
pay
the
that
such
claims in cash at this time in
cordance
with
the
terms
of
ac¬
the
plan.
,
Payment of the certificates and
claims will be made upon presen¬
tation
of
claims
at
such
the
certificates
office
of
the
and
City
#
;
Volume
Clerk
of
f
•
.
,
159
Number 4269
the
City
of
THE COMMERCIAL & FINANCIAL
CHRONICLE
Tarpon
of
Springs, Florida, or at the Union
city of St. Peters¬
burg, Florida, at the option of the
.
IDAHO
the money was
being tied up
the continuation of the case.
Boise, Idaho
Bond
Refunding
Warrants
000
held
recently
voters
to submit to the
issue of $6,800
road
an
the
2%, when
begins in 1946.
Bonner
Vk%
present
to
the
interest
amortization
Illinois
Colburh School
Authorities
Voids
Airport
Legislation—A
District (P. O. Colhurn), Idaho
To Issue Bonds
An election
held recently resulted in favor of
k
—•
issuing $3,000 construction bonds.
voters
Peoria
on
Market
—
A
resolution has been introduced in
the
City
Council
authorizing
Mayor Wimmer and the Special
Water Committee to place on the
held
airport
authorities
unconstitutional
March
21
by the State Supreme Court in
a
Sale
Details
—
nection with the award
15
In
on
of the
$9,240,000 tax anticipa¬
warrants, previously borne
tion
Chicago
"Journal of Commerce" of March
16:
Stifel, Nicolaus & Co., Inc.,
yes¬
terday
was high bidder for a to¬
$9,240,000 tax anticipation
warrants sold by the Cook
County
tal
of
board of
commissioned The
un¬
warrants,
$1,740,000
and
$500,000
forest
highways,
preserves.
The
V,
was
J
price
all
on
three
for $1,500,000 corporates
as-i«l!4s, and $5,500,000 as l%s;
for
$500,000 .highways as UAs,
and $1,240,000
as
l%s; and for
$150,000 forest preserves as IVis,
and
$350,000 as l%s.'
The price paid for the
corpor¬
ates was equivalent to a
1.349%
interest cost basis to the
.
county,
the highways and forest
on
preserves
approximately equal to
1.33% basis.
a
v
while
similar
moves
taken
Collinsville.
were reported al¬
yesterday, and no
reoffering is contemplated.
all
The total of corporate warrants
the
slightly
than 50%
more
total
serve
at 0.75%
right
no
more
to
those
constructed
and
by a private corporation
private enterprise."
ernmental.
"in
no
sense
It
the
on
Dickinson
Bond
$10,090,437
of
1944
warrants, or
75% of the total levy of
$13,453,approved, when the commis¬
918
sioners
accepted the recent bud¬
get, which abandoned the pegged
levy. '
used
,>
.
Proceeds
to
of
the
sale
will
Louis.
approximately $4,000,000 owed to 1,300 institutional
pay
supply dealers for 1943 purchases,
and $3,000,000 borrowed from the
county treasurer last Fall.
The
only other bid received
yesterday was that of the Illinois
Company of Chicago, which of¬
fered a premium of $500 for $7,125,000 corporate and $1,750,000
warrants,
with
1%%
coupons.
Bond
Issue
Litigation Report—
"Journal
of
Chicago
Commerce" noted
as
follows:
On
Judge
terday
the
Ulysses
again
suit
S.
Schwartz
postponed
filed
by
yes¬
trial
the
of
HoyneApartment Corporation
against the County Commissioners
and Seipp, Princell & Co. to
stop
sale of the $8,346,000 county fund¬
ing bond issue.
The trial will be
Norwood
held
April
1.
Thomas
to
and the
lows:
in
1949
properties of
the
company
He
his
bonds.
declared
that
were
concern
the
company
made available to
by the Illinois Trac¬
tion
Co.,
a
holding
company,
which has been ordered to
dispose
of the
Kewanee Public Service
Co.
by
the
Securities
and
Ex¬
change Commission.
He
pointed
that
out
under
financing system worked
out
a
the
city could pay out in a period of
nine years and own the distribu¬
tion
system.
handed
a
They
would
be
going concern, lock,
barrel, he said.
The city has
eration
for
struction
had under consid¬
some
of
time
the
con¬
a
municipal
light
in Kewanee; however, un¬
der
the proposal the city
may
acquire the local properties and
purchase the current under a term
contract
wanee
current
now
Public
held
by
Service
the
Co.
$180,000 in
The
next
highest bidder
Paine, Webber, Jackson &
Curtis, C. F. Childs & Co., Cen¬
tral Republic Co.,
Chicago, and
Daniel
a
F.
Rice
&
Co., for %s, at
price of 100.61.
County (P. O. Sibley),
Iowa
an
signed
by
estimated $190,000 in
&
price of
Bonds
Voted—Fred
C.
Runkle,
Secretary Board of Directors, re¬
ports that the election held re¬
cently resulted in favor of issuing
the
$5,000 building bonds.
pany, 165
evieve
Horn,
Secretary Board of
Education reports that no date of
sale has been fixed
as yet for the
$20,000 gymnasium bonds author¬
election
an
Bond
Sale
tion with
Iowa
Details—In
connec¬
$194,000
primary road refunding bonds to
Halsey, Stuart & Co., and the Cen¬
Moines,
fe at
as
Co., of
price of
a
100.59, a basis of about 0.63%, re¬
port of which appeared in v. 159,
p,J292, George B. Brunson, Coun¬
ty Treasurer, submits the follow¬
ing complete list of the other
bidders: Northern Trust
and
cago,
Bond
the sale of the
First
Co., Chi¬
Bank,
National
Chicago, for %s, at a price of
100.369; Harris Trust & Savings
Bank, Chicago, Iowa-Des Moines
National
Bank & Trust Co., Des
Moines, and White-Phillips Co.,
for
%s, at a price of 100.154;
Paine, Webber, Jackson & Curtis,
C. F. Childs & Co., Central Re¬
public Co., Chicago, and Daniel F.
Rice & Co., for %s, at a price of
100.077; Council Bluffs Savings
road
mary
p.
Stuart &
tional
fered
for
sale
March
on
Halsey,
Stuart
Central
National
pressed interest in the proposal as
Co. of Des Moines, as
did
a
159,
p.
price
1084—were
of
&
Co.
Bank
100.893,
about 0.569%.
24—v.
awarded
and
&
to
of¬
& Trust
follow^s: $20,000 in 1949, and $60,000 in 1950. The next
der
the
was
ings
Bank,
Moines
highest bid¬
Harris Trust & Sav¬
Chicago,
National
Iowa-
Bank
&
Des
Trust
Co., Des Moines, and White-Phil¬
lips Co., for 3/4s, at a price of 100.308; Northern Trust Co., Chicago,
and First National
Pay¬
nicipal
sale
March
on
to Stein Bros.
ville, paying
basis
The $127,000 mu¬
bonds offered foi
—
revenue
of
25
&
awarded
were
Boyce, of Louis¬
price of 103.00, a
2.641%.
Dated
a
about
$9,000 in 1945, $8,000 in 1946, $9,1947, $7,000 in 1948, $9,000
in 1949, $8,000 in
1950, $9,000 in
1951;" $7,000 in 1952, $9,000 in
1953, $8,000 in 1954 to 1958, and
$5,000 in 1959. The bonds will be
000 in
callable in their inverse numerical
order at par and accrued
interest,
plus a prem. of 3y2% of the face
amount if redeemed prior to
April
1, 1949, 2%% if redeemed on or
April 1, 1954, and no pre¬
after
mium
if
redeemed
on
or
after
1,
1954.
The bonds were
subject to the principal of
and the interest
said bonds not
on
being subject to Federal or Ken¬
tucky ad valorem or income tax¬
ation
the
on
date
of
their
deliv¬
to the successful purchaser.
ery
LOUISIANA
Louisiana (State of)
War Contracts Top $1,400,000000—With war contracts totalling
-
$1,443,230,000
awarded to Louis¬
industries up until January,
iana
1944, the state ranks 24th among
states
now
filling federal
the
orders
for
183
rials of war,
billions
in
mate-"
the War Production
Board has revealed.
Shipbuilding
for
which
the
state received $423,418,000 in con¬
tracts, was the largest item for
Louisiana in the WPB's break¬
down
of
contract
figures,
cover¬
ing the big production push from
June, 1940, to January, 1944.
For industrial
ana
was
facilities, Louisi¬
awarded contracts total¬
Bank, Chicago,
of 100.181;
Bluffs
Savings
Bank,
Council Bluffs, for Is, at a price
ling $331,293,000; for nonindustrifacilities, $248,878,000, and for
aircraft, $131,031,000.
of 100.00.
$679,142,000 in contracts has been
received, was listed by WPB as
for
3/4s,
at
price
a
Council
al
The
the
New
Orleans
area,
where
state's
major industrial area,
ship and aircraft production
bringing in the main share of war
KENTUCKY
with
Elizabethtown, Ky.
sewer
sale
Trust
of
23
Warfield,
offered
-were
of
for
awarded
Elizabeth-
Dated
March 1, 1944. DeDue $1,000 annually
March 1, and payable only out
$1,000.
revenue
sanitary
ficient
to
$15,000 second
bonds
March
on
town.
nom.
on
Sale—The
revenue
Fred
to
of
Dated May 1, 1944.
bonds
Co., of Des
Moines, as %s, paying a price of
100.707, a basis of about 0.624%.
Dated May 1, 1944. Due May
1, as
the
3/4S, paying
a
basis of
$80,000 pri¬
on
Co., and the Central Na¬
Bank
Bond
The
The
refunding
March 25—v. 159,
1084—were awarded to Halsey,
of par.
Alto
—
fered for sale
Bank, Council Bluffs, for $30,000,
s/4s, and $164,000, Is, at a price
Palo
Sale
sinking fund.
Paducah, Ky.
March 13.
on
Worth County (P. O. Northwood),
Com¬
Broadway, New York.
Bond Sale
sold
Stuart School District, Iowa
Trust
will be made at the offices
Chemical Bank & Trust Com¬
April
Sale Date Not Yet Fixed—Gen¬
Louisville
the
Commission
ment
of
par.
Iowa
between
Bridge
moneys of the
Trust
Co., Des Moines, and White-Phil¬
lips Co., for 3/4s, at a price of
100.44;
Council
Bluffs
Savings
Bank, Concil Bluffs, for Is, at a
Stanhope Consolidated Sch. Dist.,
indenture
the
April 1, 1944. Denom. $1,000. Due
Oct. 1, as follows: $7,000 in
1944,
Iowa-Des
Bank
trust
pany, trustee.
The bonds will be
redeemed on May
1, 1944, at 102
and
accrued
interest
out
of
159,
Harris Trust & Sav¬
Chicago,
National
revenue
—
Louisville
and
~
Ke¬
members of the City
They have employed the
bill
a
tion, pursuant to the provisions of
Mount
March 27—v.
on
Bank,
ized at
Osceola
purchased at a rate of
8 mills per kilowatt.
Mayor Daniel W. Bates ex¬
other
against
21/4% refunding bonds in the prin¬
cipal amount of $255,000 have
been called
by lot for redemp¬
$425,000 pri¬
refunding bonds of¬
First
County (P. O. Emettsburg), Iowa
Bond
Sale—The $500,000
pri¬
mary road
refunding bonds of¬
is
Bond
The
—
were:
Moines
1950.
sell
exchange for $1,500,000 in city
revenue
ings
and
tral National Bank & Trust
in
the
0.618%.
Dated
Due May 1, as fol¬
$25,000 in 1945 to 1948,
Des
3%
>459,
about
offered the city a deed to the elec¬
Donovan, Council.
awarded
trical
plant
the
request of Neal McAuliffe, Assistant States Attorney,
.
March 23—v.
Trust Co.
of
$70,000
A representative of the concern
stock and
The March 25 issue of the
$350,000 pri¬
bonds ;of-
May 1, 1944.
Purchase
.
highway
election
Bank, both of Chicago,
%s, paying a price of 100.647,
basis
a
that
to
road
bidders
National
-T-r-'V;':
properties
be
on
1084—were
as
properties of the Kewanee Public
Service Co. within the confines of
St.
the
Sale—The
Northern
validity
System—Proposal
in
Louisville, Ky.
Call
Bridge
,
tional
County (P. O. Spirit
Lake), Iowa
fered for sale
county tax levy ol the
City of Kewanee was offered
$13,453,918, and is slightly over to the
City Council recently by
73% of the old pegged levy of
the J. A. Brady Bonding Co. of
$9,500,000.
The
commissioners
had been authorized to sell
up to
Bond Sale
(Des Moines),
mary*/road ^refunding
Kewanee, III.
to
fund
retire bonds
toll collections
the
Ringgold County (P. O.
Ayr), Iowa
was
Plan
State
sinking
fund and
Iowa-Des
National
1084—were awarded to Halsey,
Stuart & Co., and the Central Na¬
Voted—At
as
Act, which has not thus
Studies
Chicago,
Sav¬
100.00.
recently the $15,000 land
purchase bonds were voted.
far been used.
Power
Co., American
held
to
permitting county airports to be
through county taxa¬
tion, and the State's 1941 Aviation
City
the
sinking
transferred funds would be added
to $262,516 in the general
highest
&
Co., Chicago, and
Chicago, for
$125,000, %s, at a price of 100.279; Council Bluffs Savings Bank,
Council Bluffs, for
$15,000, %s,
and $110,000,
Is, at a price of
discount, plus
Bonds
established
District
next
Trust
Bank & Trust
Co., of Des
Moines, as %s, paying a price of
Bond Offering — The Bankers 101.027, a basis of about 0.541%.
Life Co. will receive bids until Dated May 1, 1944. Due May 1, as
follows: $25,000 in 1948,
$400,000
April
5
for
$4,825,000
various
in 1949. The next highest bidder
blocks of municipal bonds.
was: Northern Trust
Co., Chicago,
Decorah Independent School
Dist., and First National Bank, Chicago,
Iowa
for %s, at a price of 100.679. Other
gov¬
as
to
authorized
Trust
Iowa
was suggested
by lawyers for
Springfield Authority that the
legislation, such
from
project
intrastate toll bridges will
$198,545 to the fund for free¬
ing the bridges. The transfer was
First National
Bank,
syndicate composed
a
Bankers Life Co.
They are purely pri¬
opinion cast doubt
fund
a
Northern Trust
on
$48.93.
p.
of similar
sale
1292—were
p.
IOWA
vate."
the
Bank,
fered for sale
The court said that the Author¬
powers are
The
Harris
mary
oper¬
ated
funds
add
p.
the
use
1950.
was
Due June 30, 1944.
pur¬
have
in
a premium
Dated March 31, 1944.
Denominations to suit purchaser.
of
The public would
ity's
for
159,
Indianapolis,
of other
public
no
&
of
bridge
through July 1, or
Bank & Trust
a
total of $651,061 applicable to
Co.,
Des
Moines,
and
WhitePhillips Co., for 3/4s, at a price the debt, leaving $599,920 out¬
of
100.34.
Other bidders were:® standing.
Trust Co., and the Merchants Na¬
tional Bank, all of
Granite
stated, "will
sold
bid for is
of
number
a
000
bidder
re¬
in
pose whatever,
a
28—v.
have
to
Stephen
eight
24—
National
National Bank, Fletcher Trust
Co.,
Indiana National
Bank, Indiana
City, Alton,
River,
Joliet, Galesburg,
Jacksonville, Moline, Rock Island,
Cairo and Waukegan.
"Such
facilities,"
the
court
use
offered
awarded to
Wood
The warrants
most
said
were
in
steps
J.
Simeon
Willis.
Mr.
Co., of Des Moines, as 3/4S, paying Governor
Watkins said that $1,250,981 in in¬
a price of
100.895, a basis of about
0.573%. Dated May 1, 1944.
Due terest, premiums and bonds would
May 1, as follows: $5,000 in 1945 be outstanding against the bridges
as
of July 1, 1944, and that the
to 1948, $25,000 in
1949, and $80,-
Moines
March
airports under the
preliminary
to
p.
Bank
—
—
cities, including Danville, Kanka¬
kee, Centralia, East St. Louis,
blocks
par,
and
build
March
on
Central
road
ings
warrants
.
airport facilities than it would
derwriting firm bid for $7,000,000
corporate
law,
been
in these columns—v.
159, p. 1292—
the following additional informa¬
tion is taken from the
vv
to
toll
pri¬
bonds
Halsey,
INDIANA
Rockford and Freeport also had
voted
transfer
$125,000
the
County (P. O. Peoria), III.
of the Union Trust
con¬
March
$60,000
sale
Augmented
Watkins, State Highway Commis¬
Poca¬ sioner, reported March 26 that
refunding
for
159,
Bonds
1984—were awarded to
Stuart & Co., and the
Indianapolis School City, Ind.
Warrant
Sale
The
$700,000
invalid.
County (P. O. Chicago), III.
Warant
road
offered
v.
cently.;
high court ruled that pro¬
airports under the law,
known as the 1943
Airports Au¬
thorities Act,
would be private
rather than public in
purpose, and
that, therefore, the entire act is
Sale—The
Kentucky (State of)
Sinking Fund For Toll Bridge
Na¬
was
County Board of Supervisors
decision said to affect the airport
plans of at least 25 Illinois cities.
,
Cook
Bond
Issuance Recommend¬
ed—The issuance of
$171,000 war¬
rants
was
recommended to the
was
Lawyers
for
the
Springfield
Authority,
which
was
market the following water bonds Airport
preparing to construct a $3,000,000
aggregating:
$250,000:
$150,000
airport on 1,000 acres north of
revenue
bonds; $100,000 general
the city, announced
they would
obligation bonds.
ask a rehearing.
■
war¬
Warrant
posed
Charleston, III.
To Place Bonds
of
next
highest bidder
was
First-Hardin National
Bank, Eliz¬
abethtown.
%s, at
County (P. O.
hontas), Iowa
bonds.
State law under which cities could
have collaborated with
issue
an
First
Pocahontas
Township (P. O. Mt.
Pulaski), III.
The
ILLINOIS
:
re¬
Pulaski
new
lishing
,
The
Election Held—An election
held recently to submit to
(State of)
Court
the
Bank, Chicago, for
price of 100.379.
a
issue of $15,-
an
and
tional
—
The
the Northern Trust
was
Chicago
mary
Mt.
neighbor¬
ing governmental units in estab¬
County,
Co.,
highway tax anticipation
bonds.
Supreme
est bidder
rants.
was
the
lower
Approved
cently approved
Election Held—An election
_
$30,000 in
1948, $100,000 in 1949 and
$280,000 in 1950. The next high¬
1945 to
County (P. O.
Bloomington), III.
by
1395
Due May 1, as follows:
McLean
Township (P. O.
Enfield), III.
recently
ordinance, with«-an emergency
clause, for the refunding of a
$115,000 bond
issue
floated
in
1926; calling for the amortization
issue starting at the due
date, Jan. 1, 1946, to be paid off
by
1955.
The
refunding will
Poppenhausen, Johnson,
Thompson and Raymond of Chi¬
legal advisers to the city
in utility matters.
I
cago as
Enfield
an
of
of
County Board of Supervisors
Approved—
The City Council passed
firm
appearing for the underwriting
firm, protested the postponement,
declaring that Seipp, Princell &
Co. had a check for $160,000 on
deposit with the county and that
Trust Co. in the
holder.
Markham, Donovan & Sullivan,
secure
and
derived from operation
system, a suf¬
being
pledged
the payment of interest
sewer
amount
principal
as
they
come
orders.
Released
publicly for
the
first
time
by WPB was a list of con¬
tracts awarded by counties in each
state. Orleans Pprish led the Lou¬
isiana -county
East
Baton
The
their
list, followed by
Rouge and Calcasieu.
Louisiana
total
parishes
contracts
were
and
listed
as:
Beauregard, $4,896,000; Bossier,
due. $782,000; Caddo, $26,353,000; Cal-
Monday, April 3, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1396
tional Bank of Boston at 0.395% $3,000
Assessment District No.
the Mechanib Street bridge and
(4) Dissatisfaction with work
discount.
Dated March 20, 1944.
294, Oakland and Washtenaw
$151,100,000;
Cameron,
$244,000 fo/ sewer construction.
ing conditions.
Denom. $25,000, $10,000 and $5,Counties, Townships and DisThis latter /amount was borrowed
$607,000; De Soto, $3,379,000; East
(5) The feeling that the war is
trict 3V2-4% Bond Nos. 2, 8
Baton Rouge, $214,425,000; Iberia,
on
long-term
bonds, some of 000. Due Nov. 3, 1944. The next
nearly over.
and 58.
Dated Feb. 15, 1939.
them dating back to 1927 and run¬ highest bidder was Bristol County
$950,000; Iberville, $83,000.
The WMC said the trend toward
Due Nov. 1, 1958.
Trust Co., Taunton, at 0.397% dis¬
Jackson,
$363,000;
Jefferson,
ning 30 yeacs^to maturity.
the present situation
was fore
Other bidders were: Gold¬
5,000
Assessment" District No.
Mr. Shaw reports the total out¬ count.
$14,965,000; Jefferson Davis, $480,- seen when employment of 109,000
449,; St. Clair and Macomb
000;
Lafayette, $3,955,000; La¬ workers by 13 major Baltimore side the debt limit is $465,000. man, Sachs & Co., at 0.495% dis¬
Counties, Townships and Dis¬
count,
and Leavitt
& Co., at
fourche, $19,619,000; Lincoln, $2,war .industries
in the last six Practically all of the outstanding
trict l%-4%"% Bond Nos. 12,
849,000;
Morehouse,
$180,000; months of 1943 resulted in a net bonds of this type are for the pur¬ 0.409% discount.
21, 39, 41 and 78. Dated Feb.
Natchitoches, $1,506,000.
chase of the Notown Reservoir,
Westwood, Mass.
gain of less than 600 employees.
15, 1939. Due May 1, 1957.
Orleans, $679,142,000; Ouachita,
construction of water mains in
Note Sale
The $75,000 notes
2,000
Assessment District No.
connection with the reservoir, wa¬ offered for sale on March 29 werev
$32,455,000; Plaquemines, $4,847,MASSACHUSETTS
451, Sanilac
and St. Clair
ter filtration plant and municipal
000;
Rapides
$82,952,000;
St
awarded to the Second National
Bristol County (P. O. Taunton)
Counties, Townships and Dis¬
Charles, $10,522,000; St. Landry,
relief loans.
Bank of Boston at 0.249%
dis¬
Mass.
trict l1/2-4Y2% Bond Nos. 11
Evidences of the 1930 depression count. Due Dec.
$96,000; St.
Mary, $60,000; St.
1, 1944. The next
Note Offering—Ernest W. Kiland 12.
Dated March 1, 1940.
Tammany; $9,103,000; Tangipahoa,
are still in the financial picture oi
highest bidder was State Street
Due May 1, 1947.
$3,921,000; Terrebonne, $15,275,- roy, County Treasurer, will receive the city government. The city will Trust Co., Boston, at 0.35% dis¬
sealed bids until 9:30 a. m (EWT)
16,000 Assessment District No.
000.
be several years
paying of the count. Other bidders were:
Vernon
462, Oakland
and Macomb
$46,748,000; Washing¬ on April 4 for the purchase at loans made to finance the wel¬
Bidder—
Discount
discount of $125,000 tuberculosis
Counties, Townships and Dis¬
fare and the WPA in the 1930s Merchants National Bank, Boston 0.364'/o
ton, $127,000; Webster,' $64,608,hospital maintenance notes. Dated as the outstanding bonds on March Norfolk County Trust Co,, Dedham 0.364
trict 4% Bond Nos. 18, 50, 54,
000; and unassigned contracts, $5,E. L. Day & Co.__
.—4.
0.369
April 5, 1944. Denominations $25,- 1 were
v
56, 74, 105, 108, 123, 140, 170,
211,000.
$102,000.
000, $10,000 and $5,000. Due April
198, 220, 225, 227, 238 and 242.
The
1944 budget provides for
Worcester, Mass.
MAINE
Dated April 16, 1939, Nov. 1,
5, 1945. Issued under authority the
Note Sale
The $500,000 notes
payment of $111,000 on the
of General Laws, Chapter 111 and
1958.
Caribou, Me.
maturing debt.
Assuming there offered for sale on March 27 were
Acts in amendment thereof and
6,000 Assessment
District No.
are
no
borrowings this year the awarded to the State Street Trust
Note Offering — The Town
in addition thereto. Payable at the
481, Macorrib County Portion
debt will be down to about $600,Treasurer will receive sealed bids
Co., of Boston, at 0.309%, dis¬
National Shawmut Bank of Bos¬
3%% Bond Nos. 29, 40, 47, 55,
000 at the end of the year,
count plus a premium of $1. Dated
until April 8 for the purchase of
ton and delivery will be made on
92 and 116.
Dated April 16,
March
28,
1944. Denominations
$100,000 notes. Due Feb. 1, 1945.
or
about April 5, 1944, at said
Lynn, Mass.
1939.
Due May 1, 1957.
$50,000, $25,000 and $10,000. Due
bank. The notes will be certified
-,"L\ MARYLAND
Note Sale—The'$600,000 notes
2,000 Assessment Distsrict No.
Nov.. 13, 1944. The next highest
as to genuineness and validity by
offered for sale on March 28 were
491, Wayne, Washtenaw andbidder
was
Worcester
County
Baltimore, Md.
the National Shawmut Bank of awarded to the Second National
I
Monroe Counties, Townships
Trust
Co., Worcester at 0.334%,
Bond
Sale — The
$2,311,000
Boston, under advice of Ropes, Bank, of Boston at 0.387% dis¬
and
District,
21/2-3%
Bond
discount.
Other bidders
were:
fourth water serial bonds offered
Gray, Best, Coolidge & Rugg, of count. Dated March 29, 1944, Due
Nos. 39 and 118.
Dated Feb.
First National Bank, Boston, at
for sale on March 28—v. 159, p.
Boston.
Nov. 9, 1944.
The next highest 0.349%; E. H. Rollins & Sons, at
15, 1939.
Due May 1, 1951.
1293—were awarded to a syndi¬
bidder was the National Snaw7,000
Assessment District No.
Easthampton, Mass.
9.35%;
Second National Bank,
cate composed of the First Na¬
mut Bank, Boston, at 0.389% dis¬
1120, Macomb County, Town¬
Note Sale—The $100,000 notes
Boston.
Boston Safe Deposit &
tional Bank, Glore, Forgan & Co.,
count.
Other bidders were:
ships and
Assessment Dis¬
Trust Co. arid Day Trust Co. for
Salomon Bros. & Hutzler, all of offered for sale on March 28 were
Bidder—
/
Discount
trict, 414% Bond Nos. 1, 15,
0.346% discount.
New York; Mercantile-Commerce awarded to Harriman, Ripley &
Day Trust Co., Boston
0.43
28, 31, 54, 69 and 72.
Dated
Due Leavitt & Co
Bank & Trust Co., of St. Louis; Co., Inc., at 0.357% discount.
0.405'/*
April 16, 1939.
Due May 1,
MICHIGAN
The other bidders First National Bank, Boston—.. 0.424
Mercantile Trust Co., of Balti¬ Nov. 8, 1944.
1960.
Security Trust Co., Lynn
.—
0.425
were as follows: The Second Na¬
more; Paine, Webber, Jackson &
Grand
Rapids and Paris Town¬
Curtis, of New York; Commerce tional Bank, Boston, at 0.387%
Middlesex County (P. O, East
Monroe County (P. Oi Monroe)
ships Fractional Graded School
Union Bank, of Nashville; Mac- discount, and the Park National
Mich.
Cambridge), Mass,
District No. 3 (P. O. East
diskubin, Legg & Co., and Stein Bank, Iiolyokc, at 0.475%
Bond Call
F. E. Gillespie,
Grand Rapids), Mich.
Note Offering — James C. Mcount.
'
!
Bros. & Boyce, both of Baltimore,
Board
of
County
Road
Bond Offering — Margaret B. Clerk
Cormick, Acting County Treas¬
at a price of 143.07, a basis of
Framingham, Mass.
Commissioners, calls for payment^
urer, reports that he will receive Dooge, Secretary Board of Educa¬
about 1.739%. Denom. $1,000. Due
Note 'Sale—The $400,000 notes
sealed bids until 10:30 a.m. on tion, will receive sealed bids until at par and interest at the County
Nov.
1, as follows: $193,000 in offered for sale on March 24 were
Treasurer's office, or at the Mon¬
April 4 for the purchase at dis¬ 7 p.m. (CWT) on April 3 for the
1970 to 1976 and $192,000 in 1977
awarded to .the Merchants Na¬
count of $300,000 notes.
Dated purchase of $18,000 not to exceed roe State Savings Bank, on May
to 1981.
The next highest bidder
tional Bank of Boston at 0.344%
interest
coupon
refunding 1, 1944, $62,000 highway improve¬
April 7, 1944.
Denominations to 3%
was Smith, Barney & Co., Harridiscount.
Dated March 31, 1944. suit
Dated May 1, 1944.
De¬ ment refunding bonds of various
purchaser but no note will be bonds.
man,
Ripley & Co., Inc., First Due
$200,000 Nov. 10 and Nov. 24. smaller than $10,000.
Due $9,000 May 1, road assessment districts, dated
Due April nom. $1,000.
Boston
Corp., Phelps, Fenn
& 1944. The next highest bidder
Rate of interest March 1, 1939, and maturing May
3, 1945.
Issued under General 1952 and 1953.
Co., Estabrook & Co., Equitable was Second National Bank, Bos¬
Laws, Chapter 111, Section 85A. ,o be in multiples of % of 1%. 1, 1946 to 1948. The bonds called
Securities Corp., First of Michi¬
ton, at 0.364% discount.
Other The notes will be delivered on or Prin. and int. (M-N) payable at are described as follows:
gan Corp.,
Chas. E. Weigold & bidders were First Boston Corp.
Michigan Trust Co., Grand Ass't.
Bond
Maturing
about April 7, 1944, at the Second the
Co., and Union Trust Co. of Mary¬ at 0.38% and First National Bank,
Numbers
May 1
National Bank of Boston, against Rapids.
The
bonds
shall
be Dist.
land, Baltimore, at 140.609. Other
Boston, at 0.383% discount.,: .
; payment in Boston funds and will awarded to the bidder whose bid
1946
57-59 Inc. " TV
52
bidders were Bankers Trust Co.,
1946"
81-86 Inc.
be payable at said bank or at the produces the lowest interest cost ;
55
Grafton, Mass.
New York, National City Bank,
1945
'(
to the district, after deducting the
41-45 Inc.
National
Bank
of
New
56
Note Sale
The $75,000 notes Chase
New York; Harris Trust & Sav¬
1946
;
York. The notes will be authenti¬ premium offered, if any.
34-35
Interest
• • 57 .a
ings
Bank,
Chicago;
Northern offered for sale on March 27 were
1947
6
58
:
to
the Merchants Na¬ cated as to genuineness by the on premium shall not be consid¬
Trust Co., Chicago; R. W. Press- awarded
casieu,
—
«.
—
—
v
—
.
prich & Co., Alexander Brown &
Sons, and Goldman, Sachs & Co.,
at 139.30; Chemical Bank & Trust
Co., New York; F. S. Moseley &
discount.
Second National Bank of Boston,
proved
by Ropes,
Gray, Best,
Coolidge
&
Rugg,' of
Boston,
whose opinion will be furnished
at
Boston
March
bidders
Other
0.36%
1945.
Worcester
of
Due
Bank
tional
were
27,
County Trust Co., Worcester, at
Co., Stone & Webster and Blodget, 0.367% discount, First National
Inc., B. J. Van Ingen & Co., Kean, Bank, Boston, at 0.43% discount.
Taylor & Co., W. E. Hutton & Co.,
Holyoke, Mass.
and
E.
H.
Rollins &
Sons, at
Note Sale—The $400,000 notes
139.25.
Quitting
Populace
War
sale
for
offered
on
March 28—v.
their
and
to
the
used
legality
will
be
ap¬
purchaser. Proceeds to be
for
the care, maintenance
City—
Milton, Mass.
to
15,000
20,000
Leominster,
,
persons
of
site
already have left the city,
of the WMC's early
many
experiments in manpower control
and the home of the first stabili¬
zation plan
in the country, while
thousands more are preparing to
Estabrook & Co., for
were:
Mass.
%%,
100.524; Arthur
a\ a price
of 100.504; First National Bank,
ter
was^$722,000 as of March *1, Boston, for %%, at a price of
the lowest'Tn manyyears, accord¬
100.500, and John Nuveen & Co.,
ing to a report filed with Mayor for
%%, at a price of 100.079.
at
Debt
to
Drops
$722,000—The
bonded indebtedness- of Leomins¬
59
47-51
Inc.
1945
60
67-72
Inc.
1948
computed from
be
60
73-74
61
33-35 Inc.
May 1, 1944 to the respective ma¬
turity dates. No proposal for less
than all of the bonds will be con¬
sidered. The district is authorized
to
take
jobs in newly
industries
—
nearer
trend
was
nationally,
a compar¬
WMC
the
said, however, that it did not
the
pect
situation
to
reach
ex¬
such
proportions as to impede seriously
war production.
At
the
least
five
growing
were
listed.
other
(2)
tional
in overtime
Induction
expected
for
exodus of workers
They were:
(1) Elimination of
day work-week and
reduction
reasons
sharp
the
seven-
consequent
-
—-
(3) Housing difficulties.
and
the
City
capacity within its debt limit was
discount.
vhis
$250,000.
over
...
Mr. Shaw said
city could
the
that
meant
65
47-49
the bonds and
thereon, without limita¬
to rate or amount.
Bids
66
5
1945
67
39
1948
68
31
shall, bb conditioned upon the un¬
qualified opinion of Miller, Can-
69
27-29
necessary
interest
tion
as
to
pay
field^ Paddock & Stone, of Detroit,
approving the legality of the is¬
sue.1 The cost of such opinion and
the printing of the bonds will be
by the
paid
certified
check for
Bank
of Boston at
Dated
Denominations
March
$25,000,
0.408%
1944.
$10,000
27,
:
70
70 vi:
:•
29-31
71
Inc.
1948
Inc.
1948
Bond
Bond
of
County (P. O.
Mt. Clem-
ens) Mich.
Call—The County
■
payment on
1, 1944 at par and accrued
interest, refunding bond No. 62.
Dated Oct. 1, 1941.
Due May 1,
Road
Board
for
Commissioners calls
payment
May
on
senting
vice
for
same
payment
and
versa.
May
1969, subject to prior
Bonds should be
ment.
limit
and
is
in
borrow within
based
the
on
Leominster
it
Michigan (State of)
Call—Charles M. Ziegler,
Due Nov. 17, 1944.
highest
bidder
was
$575,000.
within
the
Note
notes
Sale—An issue of $100,000
was
discount.
has
debt
not
limit
discount.
0.45%
Sharon, Mass.
valuation
about
borrowed
since
sold recently at 0.394%,
Due Nov. 10, 1944.
Taunton, Mass.
1936.
Note
The present
outstanding loans are
$11,000 Tor ' the addition at the
Lancaster Street school, $2,000 for
—
John E. Mc-
Clellan, District Secretary, calls
payment on Oct. 1, 1944, at
Bond
all outstanding 1937 non-in¬
bearing certificates of in¬
debtedness. Dated June 1, 1937.
Highway Commissioner, re¬
assessment dis¬
improvement re¬
aggregating $41,are
called .for payment on
1, 1944 at par and accrued
par,
terest
April 1 1946, optional at par
April 1 or Oct. 1, of any
notes
28
offered
were
The
$200,000
for sale, on March
Offering
—
awarded to the First Na¬
highway
funding bonds
year.
000,
at
the debt
is
-
10, Mich.
for
flat
to
Township Sch. Dist.
No.
Certificate Call
Due
mitted
„
Royal Oak
trict
000.
redemption.
presented to the
National Bank of Detroit for pay¬
ports that various
$257,The amount the city is per¬
Call—Diana Brooks, Vil¬
lage Clerk, calls for
Macomb
State
total
<
Mich.
Orchard Lake,
$360, payable
Leavitt & Co., at
limit
1948
34-37
The
debt
'
1948
Inc.
27-29
bonds
the
1947
72B
next
0.432% discount.
bidder was the
National Shawmut Bank, Boston,
1948
1948
Inc.
72A
$5,000.
other
1948
28
The
only
1947
Inc.
27
•
Enclose a
District Treasurer.
the
to
district.
•,
and
inside
1946
45-46
Legislature between $250,000
and
$300,000 for any municipal
outstanding
1948
65
the
The
1946
Inc.
property therein, such
valorem
taxes
as
may
be
borrow without authorization from
project.
27-29
63 "
all taxable
County Treasurer's
tional
Leominster
pay.
of fathers and
cuts in occupa¬
deferments.
Pierre
16
17
of
price
a
Perry & Co., for %%,
well
their homes.,
Indicating there
able
developed
La
1945
15
62
'
rr
1946;
1949
64
1, 1944 at the
office $94,000
leave, the WMC said.
New Bedford, Mass.t
Council by City Accountant Frank
various highway refunding bonds,
Many are going back to farms A. Shaw.
Note
Sale—The '$500,000 notes
County portion, dated Oct. 1, 1939
with the approach of the growing
Mr. Shaw pointed out in his offered for sale on March 24 were and 1940.
Interest coupons must
awarded
to the
Merchants Na¬
season, while others are leaving
report that the city's borrowing
accompany these bonds when pre¬
Mathias
62
t
required by law to levy upon
and
—
—
estimated
will
bonds
on
determining
and interest
interest cost
net
ad
repair of the County Tuber¬
culosis Hospital for the year 1944.
and
159, p. 1293—were awarded to the
Metropolitan Baltimore's t immi¬ National Shawmut Bank of Bos¬
Bond Sale
The $40,000 street
grant population, which at the ton
at
0.40%
discount.
Dated construction
bonds
offered
on
height
of
the
war
production March 28, 1944.
Denom. $25,000, March 24 were awarded to Tyler
boom had reached nearly 200,000,
$10,000 and $5,000. Due Nov. 28, & Co. of Boston as %s, paying
is declining with increasing rap¬
1944.
The next highest
bidder a price of 100.179, a basis of about
idity, War Manpower Commission was Goldman, Sachs & Co., at 0.44%. Dated April 1, 1944. Due
officials said recently^—
0.405% discount.
Other bidders $8,000 April 1, -1945 to 1949. - The
More than 100,000 of these were were Leavitt & Co., at 0.4075%
next highest bidder was Second
workers,
the rest members of discount, and Park National Bank, National Bank, Boston, for 3/4S, at
their families.
a price
Holyoke, at 0.428% discount.
of 100.727. Other bidders
An
the
in
deductible
ered
delivered to the Detroit Trust Co.,
May
interest.
1,
on
Detroit.
-
1944 and all subsequent cou¬
attached, should be presented
the paying agent as specified
the bonds on or before date
Southfield
in
called.
follows;
The
bonds _are called as
.
,
..
.
j T"
.
Township School Dist.
No. 9,
i
pons
to
,
*
bonds with May
These
should be
Said certificates
Tenders
Mich.
Wanted
—
Mrs.
Kallmanj District Secretary,
receive sealed tenders until 8
(EWT)
on
.
Ollie
will
p.m.
April: 8 of " refunding
Volume 159
Number 4269
THE COMMERCIAL & FINANCIAL
CHRONICLE
bonds and 1938 certificates of in¬
debtedness,
dated
The amount
on
Oct.
1,
1938.
cer¬
is
$1,000, and for bonds
Offerings should be firm
$3,000.
for five days..
.
•
"And,
„
whereas
24—v.
159,
the
to
for
sale
1, 1944. Denomination $500.
Due $500 on Feb. 1 from 1946 to
1956, inclusive.
MISSISSIPPI
"Now,
Miss,
Jackson,
purchased on March
24 the following refunding bonds
aggregating $165,160:
tive bids
2V4%
it
be
to
legislative
any
enactment; '••• 7 77; ;™
Board
"That the officers of the district
1953.
at
legislative
3,310 2V2% Harbor District No. 1
Due May 1, as fol¬
$500 in 1945 to 1951,
and $310 in 1952.
2,500 2y2% Lyman Consolidated
In
bonds.
by
semi-annually. -W.'-*
Mississippi (State of)
increase
the
The
Gas
Tax
Mississippi Senate
21, killed the proposed
of
cent
one
a
gallon in
State gasoline tax
by recom¬
the bill to the Finance
Committee. The motion to recom¬
mitting
mit the gasoline tax
increase
was
made by
Senator C. W. Sullivan,
Hattiesburg, author of the bill.
booklet recently issued
Wachob-Bender
the
various
State
local
of
taxing units in the
Nebraska.
purpose in
The
various
district operating divisions
outstanding on Oct. 1, 1943,
power
had
aggregate of $44,421,000 bonds.
an
Cash
for
accrued as of Sept. 30 last
redemption of bonds amount¬
ed to
$1,316,931.
Nebraska
the bill back to the Finance Com¬
mittee for the second time is that
piled—The Wachob-Bender Corp.,
I
form various data
don't
think
it
has
chance
a
to
pass in this session of the
Legisla¬
ture," Senator Sullivan said. The
bill
had been
strongly supported
by Governor Thomas L. Bailey as
a
"means of providing funds to
maintain
Omaha,
State of Nebraska.
a
Public
Power District
(P. O. Columbus), Neb.
Refunding Sale Delayed—V. M.
Johnson, General Manager of the
district, announces that the Board
Directors,
in
ing bonds—v.
159, p. 1293, until
after adjournment of the
special
legislative session which was con¬
by Governor Dwight GrisMarch
27.
Along with
of the
District
NEW
of
the
to
desirability
the
the
can
to
as
refunding and expressing
opinion that the refinancing
be accomplished by a
savings
the district in
$5,000,000. To clear the way
for disposal of the bonds via com¬
petitive bidding, the Board on
March 21 is reported to have voted
to
inquire if Guy Meyers of New
York City, who was engaged as
refunding agent, would be willing
to cancel his contract upon being
reimbursed for out-of-pocket ex¬
penses.
Governor
Griswold
is
said to have expressed opposition
to
the contract, which provided
for
payment to Mr. Meyers of a
We give
commission of V2 of 1%.
herewith
the
resolution
ing
its
tion
on
on
text
of
the
Board's
March 21, announc¬
decision
to
postpone
ac¬
the "bond sale:
"Whereas, the Board of Direc¬
tors
of
the
Consumers
Public
Power District has had under
con¬
var¬
offered
159,
Sale—The
for
sale
$125,000; notes
March 27—v.
on
1293—were awarded! to the
p.
First National Bank of Rochester
at 0.439% discount.
Due $75,000
Dec. 10, and
$50,000 Dec. 20, 1944.
The next highest bidder
Day & Co., at 0.459%
was
R.
Said
Dated
calls
for
Dec.
1, 1939.
$1,000. Due Dec. 1, 1965.
bonds
will
be
redeemed
at
amount thereof and
interest
but
to
without
redemption
premium,
and
render thereof with all
appurten¬
ant coupons due on or aiter June
1,
1944
attached)
Camden
the
at
National
First
&
Trust
Bank
Co., Camden, the principal thereof
together with accrued interest to
May 1, 1944. Interest ceases on
date
called.
Fair
Lawn, N. J.
Bond
Offering—Ralph M. Bry¬
ant, Borough Clerk, will receive
sealed
bids
until
in
8:30
p.m.
on
1935
coupon
1942
6%
registered
or
bonds.
Dated
interest
water
1, 1942.
Due Oct. 1, as
in 1944 to 1947,
Denom.
$1,000.
follows; $3,000
and $4,000 in 1948 to 1962.
of interest to be in
l/10th of 1%
or
Rate
multiples of lk
and must be the
for all of the bonds.
part of
are
of
Oct.
These
authorized
an
issue of
$125,000.
Prin. and int.
(A-O) payable at the Fair Lawn-
Radburn Trust
the
at
Co.,
Co.,- Fair Lawn,
Chemical
New
Bank
York.
&
Each
or
Trust
proposal
must state the amount bid for the
bonds, which shall be not less
$72,000 nor more than $73,legally acceptable
proposals specifying the same rate
of interest, the bonds will be sold
than
000. As between
to
the bidder
complying with the
terms of sale and offering to ac¬
cept for the amount bid the least
amount of
bonds, the bonds to be
accepted being those first matur¬
ing, and if two or more bidders
to
the
accept the least amount,
therefor
bidder
the
purchaser
amount
the
offering to pay
highest price.
The
also
must
equal
the
to
bonds accrued to
date
of the bonds the income
private
same
be
shall
holders
ernment Board
20
the
of
period
fund
way
of
re¬
from
type and char¬
taxable
1943
case
the
bonds
deposits
and
cessful
Commission to discuss the Bergenfield proposal wherein the Bor¬
ough has the authority to acquire
Delafield
with
bidder
the
will
opinion
such
accompanying
his bid will be returned.
Phelps & Co. appeared before the
in
The
had
estimated
an
municipal
of
the
curities
funds
the
in
investment
Government
permitted
by
the
se¬
ordi¬
plan
applied
to
NEW MEXICO
Bond Call -1 G. Albert
1
Linder,
fund had
The
a
Controller
Federal
suc¬
1, 1944.
as
that
been
for
money
while
He
The
bonds
notes, how¬
never
debts
out
of
current
contends
it
the
they
high¬
funds.
would
illegal to issue the bonds
reimburse
and
issued
were
and the State paid for these
Zink
now
be
to
be used
for first time
graphically
the year's
April
revenues
totaling
$188,578,000^ and expen¬
ditures totaling $129,578,000 on a
Y.
$200,000
to
159,
the
Pater son, N. J.
National
Bronx
0.976%.
Dated
April
1,
1944.
$1,000. Due April 1, as
follows: $30,000 in 1949,
$70,000 in
1950, $60,000 in 1951, and $40,000
in
1942.
Among other bidders
Denom.
were:
-
Bidder—
Int. Rate
Halsey, Stuart &
Ira
Haupt
&
Co.,
1.10%
100.41
1.10
100.17
I. du Pont & Co.,
Mackey,
Dunn & Co., and New-
burger,
Loeb
A.
G.
R.
&
&
and
&
W.
Trust
&
R.
D.
Co.,
Finance
Commissioners
—
The
recently
passed
ance
000
on first reading an ordin¬
calling for an issue of $219,sanitary sewer construction
100.04
••
100.037
Co.
& Co._
1.20
100.37^
1.20
100.28
Buffalo
7
White & Co.__
bonds.
Principal
Plan
and
—
The
following report is taken from the
minutes of the March 20
meeting
of the New Jersey Local Govern¬
Board, constituting the Mu¬
nicipal Finance Commission:
Auditor
Bowman, speaking for
borough authorities, stated
86%
some
bonded
debt
of
of
the
total
the
borough and
explained that the borough was in
a
serious
financial
condition;
nevertheless, it was desirous of
keeping out of default. The pro¬
posal
made to the State rep¬
that
the
borough
was
resentatives
pay
pay
all 1944 maturities in
would
1944
at the
interest
at
same
3%
time
rather
than at
the coupon rate.
This
would result in a saving of some
$3,000.00,
which
savings
would
forthwith be applied to the oldest
Hawkins,
bonds would
by the State and these
be
retired
the State
are
total
of
was
and
can¬
in coupon form. The
Commission
expressed itself as
being of the opinion that the pro¬
of)
Hit
and
all-time
last year
$7,000,000,000 in
awarded industries
Empire State.
war
awarded since 1940 is
contracts
$16,384,000,-
000, or 10.1% of the national to¬
tal, Commerce Commissioner M.
P.
Catherwood
said
recently
in
his annual report.
ment
the
the
The grand total of
Interest
Submitted
a
work
war
Somerdale, N. J.
Payment
(State
and
employment reached an
high in New York State
in
Bond
York
Employment
Peak—Industrial production
when
'
\
1.10
& Co.1,10
Phelps, Fenn
and
100.13
Co.,
Goldman,
Pressprich
•and
1.10
Co.__
Becker
Marine
"
Co
Ripley
Harriman
Price"'
and
Gruntal & Co.—.
C. P. Childs & Co., Francis
Output
Passed
on
1293—were
p.
York, as Is, paying
price of 100.151, a basis of about
a
New
Ordinance
re¬
sale
functional basis.
Bond
1,
YORK
Sale—The
awarded
Sachs
shows
Dated
Rochelle, N.
30—v.
Inc.,
report
called for payment on
1944.
Bank of New
purchases.
of
to
March
only
now
to finance future construction and
The
are
1,
funding bonds offered for
highway fund and
may
Call—District Bonds Nos.
Bond"
has
for right-of-way
purchases
bridge construction.
bonds held
1947
redemption. Interest will
of May 1, 1944.
NEW
con¬
committed,
used.
furnished
1945 and 1946, $6,000 in
1555, and $3,000 in 1956.
as
1922.
the
ever, that against this there is an
authorized bond issue of
$11,178,000 which was to have been used
be
follows: $4,000 in
date of
New
&
Due
be pre¬
may
(relief)
finds
matched
struction,
says
These bonds
for payment at the Chase
National Bank, New York., N.
Y.,
and must have attached to them
all interest coupons
maturing after
surplus of $700,000.
highway
surplus
really
totals
$11,500,000, because $2,000,000 T>i
not
1, 1924.
sented
In addi¬
aid
«
as
default.
the
1944 alone.
April
sur¬
-
premium
that
consideration
25 to 27
high¬
Longfellow, of New celled at the time of retiring 1944
York, that the bonds are valid maturities.
bonds included in the
Mr. Bowman stated that after
refunding and legally binding obligations of
at a price which will make the the
Borough. Enclose a certified considering all of the facts the
interest cost not in excess of 21/4%.
^check for $1,440, payable to the State had agreed to this proposal,
Mr. Phelps pointed out that the
with the result that it is now
[ Borough.
v
\
present
market
of
Bergenfield
being placed before the Commis¬
bonds is considerably less than
Maplewood Township (P. O.
sion for consideration.
Discussion
this figure and it therefore follows
Maplewood), N. J.
followed as to the bonds held by
that by the terms of the ordinance
To Sell Bonds—Stephen Y. Ron¬ other than State funds and it was
the Local Government Board con¬
nie, Township Treasurer, reports pointed
out
that
these
were
stituting the Funding Commission that the $65,000 relief trunk sewer scattered and it was deemed im¬
has
jurisdiction
with' respect construction bonds authorized re¬ practical to
attempt to contact
thereto.
He felt however, that
cently by the Township Com¬ the individual holders, particu¬
the Borough should acquire these
mittee, will be offered for sale larly in view of the fact that all
bonds even though at a consider¬ on or about
April 18. Dated May of the bonds held by other than
able
under
Bond
surplus
a
the
calendar year.
the
cash and
election, be relieved of his
obligations under the contract to
Roger Phelps of Campbell.
actual
Otero County School District No. 5,
N. M.
plus of $9,500,000 at the close of
would
the
into
hold
by the
any Federal income tax
the successful bidder may,
purchase
turned
$2,396,000, and that
law,
stated:
Mr.
an
understood
was
cease
anticipated
$800,000 at the end of
of
on
at his
meeting of March
It
prevent
reviewing the 1942-43 fiscal
deficit
terms of
Bergenfield, N. J.
Considers Acquisition Of Bonds
—The minutes of the Local Gov¬
;
■
that he had contacted representa¬
tives of the State Funds which
payment of the purchase price. In
the event that prior to the deliv¬
by
7
an
pay
interest
the
;
year, Mr. Zink says an
way
exceed
$117,000,000 and
was $195,000,-
figure
•
In
Mr.
to
was
the
000.
000
not
March
on
A year ago the
gross indebt¬
April 11 for the purchase of $72,-
acter
JERSEY
circumstances, particu¬
would
Jersey (State of)
edness total
tion,
bonds of the
NEW
reasonable and merited
larly in view of the fact that it
Albuquerque, N. Mex.
Zink in his annual
report to Gov¬
Walter Edge and the State
the
May 1^ 1944 there will become
and payable on each of said
oonds (upon presentation and sur¬
ceived
discount.
anticipation of taxes
issuance of $272,000 in
New
due
ery
Jfy.
County
was
under the
in
the
27.
E;> Wer-
on
M1055.
then
^
posal
Net Debt Down To $53,500,000—
The
State's total
•
May 1, 1944, $26,000
refunding bonds Nos. M1030
3%
offer
Rochester, N. H.
Note
interest cost of
about
containing
outstanding
HAMPSHIRE
a
agreement
the
operating divisions.
the
resolution, the Board released
statement stating that they have
at all times been in unanimous
report
Consumers
Power
description of
ious
rate
A feature of the
indebtedness of the district's
resolution
a
adopted March 21, decided to post¬
pone asking for bids on the pro¬
jected issue of $42,000,000 refund¬
on
The informa¬
analysis
an
Public
NEBRASKA
wold
booklet
tion includes 1943 assessed valua¬
is
vened
in
bearing on the
financial standing of the various
cities, counties, villages, school
and
irrigation
districts
in
the
figures.
emergency."
of
compiled
highways during the tions, bonded debt and tax
our
Consumers
has
Free
ernor
-vY./V,
Call—Margaret
Township Clerk,
payment
bonds
(State of)
Municipal Debt Statistics Com¬
moving to send
muth,
same
'
"My
is
Corp.,
': Omaha, showing the outstanding
funded
debt, assessed valuation
(for 1943) and tax rate for the
;;/•
Increase
a
divisions
O.
County bonds to take up notes
issued to finance
public works in
the past year.
be
not
var¬
Consolidated
Due
could
1
con¬
operating
Success
—
proj¬
interest
bonded debts of the district's
Due
District
March
the
ious
bonds.
2V2%
Tabled
with
financing, it is of
a
description of the
School
on
further
note that
tained in
To
meeting after
adjournment
connection
ected
to
semi-annually.
Proposal
first
detailed plans for such refunding."
bonds.
lows:
.:v
its
and
on
;
in
District
Bond
date,
conformity
$200,000
Legislature, submitted
in
road
and
yi
.
accrued
be directed to proceed with
prepa¬
rations
for
submitting
to
the
850
town
that all proceedings taken may be
Due
School
of
the principal
and bridge
May 1, as fol¬
lows: $20,000 in
1950, $30,000
in 1951 and
1952, and $38,000
bonds.
out
present.
to
so
(P.
City Treasurer, reports that the
gross
debt is city has exercised its
Hawkins, Delafield & Longfellow
option to
for
$89,000,000 and the net figure, redeem and calls for
review as to legality.
Mr.
redemption
Phelps agreed with the foregoing after allowing for sinking fund on May 1, 1944 public library
and stated that he was
acting on assets, is down to $53,500,00.0, it bonds, Nos. 1 to 50, of the denom¬
behalf of Mr. Rich, who was called was stated by Controller Homer ination of
$1,000 each, dated May
Denom.
legislative session
County
recently
and authorized the
borrowing of
fer the proposal to Mr, Russell
of
re¬
therefor;
1$97
hold), N. J.
Bonds Authorized—The
Board of Freeholders met
consideration; and second, either
Campbell, Phelps & Co. or the
Borough of Bergenfield should re¬
Delaware Township, N. J.
let
Monmouth
compara¬
was the opinion of the
Commis¬
sion that first,
Campbell, Phelps &
Co. should reduce its
suggested
proposal to writing, and submit
the same to the Commission for its
ment of the
20,000 2% road and bridge bonds.
Due May 1, 1949.
a
Discussion followed as to how
this matter might be handled and
"That advertising for such bids
be delayed until after adjourn¬
$20,000 ll/2%
road
and
bridge
bridge bonds.
Due $10,000
May 1,-1947 and 1948.
118,000
therefore,
solved that the Board adopt the
policy of disposing of such refund¬
ing bonds by receiving competi¬
i Bond Sale—The J. S. Love Co.,
of
refunding
competitive
produce
tively low return.
it may see fit to take;
County (P. O. Gulf port)
."'"V'
such
bonds be sold by a
bidding;
"And, whereas the method of
selling such bonds has been sug¬
gested by Governor Griswold to
the Legislature for such action as
Credit Union of Floodwood. Dated
Harrison
that
would
nance
it
has
several
mending
Cooperative
Feb.
J
Board
Committee of the Board on March
16, 1944, adopted motions recom¬
March
on
1197—were awarded
p.
Floodwood
the
visability of undertaking such a
refunding operation at this time;
"And, whereas the Executive
County School District
(P. O. Floodwood), Minn.
Sale—The $5,500 funding
Bond
the
proposals relat¬
ing thereto which indicate the ad¬
MINNESOTA
bonds offered
weeks
ation;
Louis
No. 23
several
divisions under the district's oper¬
received
St.
for
advisability of undertaking the re¬
funding of outstanding bonds of
the district, represented by the
hand in the sink¬
ing fund for the retirement of
tificates
sideration
"Never
before
in
the
business
history of New York State has in¬
dustrial
peak
production- reached
it
reached
the
attained
Catherwood
an
during
1943,"
"Employment
all-time high.
Unem¬
said.
ployment decreased to
irreducible
minimum.
an
almost
The
war
service of New York State indus¬
try,
as
measured by the high dol¬
lar value of
contracts placed
Federal procure¬
ment agencies, is a tribute to its
productive resources."
in
the
war
State by
Employment covered by unem¬
ployment
insurance
increased
from
an
average of 3,879,928 in
4,076,085 in 1943 through
June, the latest month for which
figures were available.
Unem¬
ployment
insurance
claims
dropped from 736,961 in 1942 to
227,317 in 1943— a decrease of
1942
to
69%—and the monthly average of
relief
cases
from
in
the
State
declined
144,200 to 75,208.
Activities
of
the
Division
of
Commerce, which becomes a fullfledged department on April 1,
divided
were
tween the
almost
war
equally be¬
and postwar
fields
during 1943, Catherwood said.
War
tance
activities
to
curing
included
assis¬
industrial
contracts
plants in se¬
from * Govern¬
ment
purchasing agencies, aid in
bringing prime contractors and
subcontractors
together, replies to
appeals of Federal agencies seek¬
ing to place war orders and as¬
sistance
raw
in
solving
material
priority
problems.
and
•
$35,000,000 Housing Bond Meas¬
ure Signed—Governor Dewey has
approved the Mitchell Bill as
Chapter 278 of the Laws of 1944,
authorizing a State debt and the
issuance of $35,000,000 and appro¬
cooperative in allocating the
necessary critical materials under
the
Controlled
Materials Plan.
most
for
intricate equipment manufactured
at plants which are also making
similar
equipment for invasion
priates such sum from the sale of
and
landing
barges, which
of
bonds to the housing division for
course has preference."
loans to New York City and its
Mr. Ferguson said that no ex¬
Housing Authority. In approving
this bill, Governor Dewey said: act opening date could be fore¬
"This bill authorizes the creation cast at this time, since schedules
delivery of
equipment are
of a State debt in the additional for
subject to change on 24 hour no¬
sum of $35,000,000 for the purpose
of public housing in the City of tice. While further postponements
New York.
This is exactly the may be expected, he pointed out
amount requested by the authori¬ that, on the other hand, the early
ties in that city. It will provide ending of the war would naturally
the funds for the completion of greatly expedite the tube's com¬
^
'
the
public housing program as pletion.
conceived by that city's planners,
Utica, N. Y.
as
represented to the New York
Certificate Sale—The $1,000,000
State
Post-War
Public Works certificates of indebtedness of¬
Planning Commission, upon whose fered for sale on March 29 were
recommendation this bill was in¬ awarded to the
National City
materials are required
These
troduced."
Bank of New York,
Cut 25% In Past
Decade —The total debt of New
York
State cities,
exclusive of
New York City, is nearly onefourth less than it was 10 years
count, plus a premium
Dated March 31, 1944.
according to a report by the
York State Conference of
Mayors and other municipal offi¬
cials. The
decrease amounts to
bidders were:
Cities
Debts
ago,
New
$85,477,112, or 23%.
The cities
now owe $284,641,488, nearly onehalf of which is for schools and
These
cities
last
year
reduced
9%, or $29,642,911. This
is the sixth consecutive year that
New York State cities have de¬
creased their total indebtedness.
The 1943 decrease is the largest.
their debt
Ten of these cities are now oper¬
ating on a modified pay-as-you-go
policy, they having used less than
20% of their constitutional bor¬
rowing power.
Only three cities
are close to their debt limit.
The total real estate assessed
valuation of the cities
was
prac¬
tically the same last year as in
1942. However, it was 9%
less
results
of
our
study
are
the Confer¬
ence's report says.
"It shows that
the
cities
are
rapidly reducing
and thereby lightening
the tax burden on real estate.
If
Other
Discount
Bidder
Bank
Chemical
&
Trust
Co.,
(plus $7)
First National Bank, New YorkNew
York
National Bank,
First
New
Bank,
discount.
Boston
Westchester County (P.
maturing Feb. 1, 1963;
numbered D26-D30,
numbered E33-E36,
E45,
Bonds,
and E41-
inclusive,
1960,
$5,000 Dec. 1, 1962;
all
numbers
maturing $4,000 Dec. 1,
and
$500,000 to finance the acquisition
a site and for the construction
of the first phases of the port.
Forest J. Greenshields, Chairman
of the
Airport Committee, has
made the application.
-
Sewer
numbered
the0
F65-F66,
and
•
Bonds,
numbered
J41-J50, inclusive, maturing
April 1, 1961;
Portland, Ore.
issue:
the
,
pointed out that the Dock Com¬
created present facilities
(State of)
Un¬
Index
Price
Municipal
mission
under
$12,000,000 bond issue of
a
inclusive,
maturing April 1, 1961;
cinnati, reported on March 29 as
follows:
numbered
L159,- and
L162-
177, inclusive, maturing $1,000 April 1, 1961, and $16,000
.
April 1, 1962;
1, 1961;
School
and
week
Refunding
bonds
The
yield
is
bonds
yield
on
for
high
Heights, Ohio
Details—In connec¬
tion with the sale of the $120,000
Sale
Cleveland, report of
which appeared
E. P.
now
in
Ashland, Ohio
Ordinance
Bond
10
Passed
—
recently passed
The
in v. 159, p. 1295,
Rudloph, Director of Finance
advises that the note matures
six months,
with the privilege
of payment at any
(P. O. Pitts-
burgh), Pa.
to Issue Bonds—It is re¬
v?
Plan
ported that the County Commis¬
sioners plan to issue $2,000,000 in
grade bonds to care for a deficit in the
Bonds, m% note to the Union Bank of
'•
PENNSYLVANIA
County Budget.
Berks County
Due in ten years.
(P. O. Reading), Pa.
Other Bids—In
Shaker
Note
maturing July 1, 1960.
OHIO
reduced to
at
the 10 lower grade bonds
Commerce of
•
stands
again 1.18%, while the
numbered 035-042, inclusive,
'
been
Allegheny County
index of the yield
our
Ohio
20
for
stands at 1.48%.
14,000 Street Improvement Re¬
funding
Bonds,
numbered
N73-N86, maturing July 1,
8,000
picked up in
the Ohio municipal market during
the past week, prices remained
unchanged
from
the
previous
ago
years
now
While activity has
1.33%.
6,000 Municipal Building Refund¬
ing Bonds, numbered M41M46, inclusive, maturing Dec.
of
and that this
about
$2,000,000.
Refunding
17,000 Public Improvement and
General
Refunding
Bonds,
painful past.
With this in mind, several princi¬
municipal capital programs in the
challenging years ahead.
Ohio
has
rather
for
,
opposition appeared when
City Council Wednesday held
No
Bonds,
Sewer
numbered K33-K40,
intelligent treatment of this
phase of the post-war economy
must utilize to the fullest the les¬
cities will be
.
part as
dock bond
follows on a proposed
several
any
procedure are suggested
consideration
in
financing
commented in
16
of
"Oregonian"
Portland
March
V
Unopposed—
Plan
Bond
Dock
The
changed—J. A. White & Co., Cin¬
1960;
the
OREGON
$6,000 Dec. 1, 1962;
sidering an issue of County Home
a
hearing on a proposal to sub¬
•
'
"
17,000 Water and Sewer Refund¬ bonds.
mit to the people May 19 a $3,"ing Bonds, numbered G81Middletown, Ohio
000,000 bond issue for the Dock
G97, inclusive, maturing July
Bonds to be Put on Market— Commission and T. H. Banfield of
1, 1962;
Plans are being made to place on the Commission explained to the
27,000 School Refunding Bonds, the market an issue of $6,000 fire Council the Commission's* post¬
numbered H105-H130, inclu¬
war plans for the development qf
protection bonds.
sive, and H 14.4, maturing
the facilities here.
Mifflin Township (P. O. Grahanna),
$26,000 Sept. 1, 1960, and $1,He pointed out that the
city
Ohio
000 Sept. 1, 1962;
will need additional facilities to
Legislation Passed—The Town¬
meet :Jpost-war
competition and
5,000 Water Refunding Bonds,
ship : Trustees
recently
passed
numbered 121-125, inclusive,
that this money will provide the
legislation for submission to the
additional docks and other facili¬
maturing April 1, 1961;
voters of $20,000 fire station con¬
ties
that
will be
needed.
He
10,000 Street Improvement Re¬
said:
is certain that
v
1%.
of
Refunding Bonds,
F81-F86,
Mahoning County (P. O. Youngsand F87-F92, all numbers in¬
town), Ohio
clusive, maturing $2,000 Dec.
Consider
Bond Issue — The
1, 1960, $6,000 Dec. 1, 1961, County Commissioners are con¬
14,000
Cut
past in accumulating large debts
be avoided in the future, Mr. Fol¬
ples
Refunding
Water
9,000
8,000
$197,600,000, a decrease of $70,000.000 in the last 10 years and
$13,000,000 since a year ago, Wil¬
liam B. Folger, County Budget Di¬
rector, said March 24 in a report
to the Board of Supervisors and
the County Executive.
of
Bonds,
inclusive,
maturing Feb. 1, 1963;
to
sons
Refunding
Sewer
5,000
Plans Under Way
funding
$70,000,000 In Past Decade—The
public debt of Westchester County
and its cities, towns, villages and
school districts has been reduced
ger
Bonds,
inclusive,
maturing Feb. 1, 1963;
O. White
Asking that the errors of
Refunding
Street
numbered C79-C83,
O. Elyria), Ohio receive sealed bids until April 11
for Airport— for the purchase of $210,000 2%
Preliminary plans for the devel¬ construction bonds. Dated May 1,
1944.
Denominations $1,000 and
opment of a county airport be¬
Due $5,000 March and $5,tween the City of Elyria and the $500.
500 Sept. 1, 1945 to 1964.
Prin¬
county are under discussion. The
County Airport Committee has re¬ cipal and interest payable at the
State
Bank, Wauseon.
quested that the Commissioners Peoples
Purchaser to pay for legal opin¬
place before the voters next No¬
ion.
Enclose a certified check for
vember a
bond issue of about
Lorain County (P.
struction bonds.
0.40%
this trend
continues, many of the
practically debt free
few years."
numbered B61-B73,
5,000
Monday, April 3, 1944
CHRONICLE
Refunding Bonds,
inclusive,
Water
13,000
0.42
0.42
y'-9 Plains), N. Y.
County
and Local Debt
"The conclusion
encouraging,"
their debt,
National
York, at 0.39%
than the total 10 years ago.
"The
Chase
was
at 0.37% dis¬
of $14.00.
Due July
The next highest bidder
31, 1944.
welfare.
most
& FINANCIAL
THE COMMERCIAL
1398
earlier time.
&
Drexel
connection with
to
of the $700,000 notes
the sale
Co., of Philadelphia, at
0.35%, report of which appeared
v. 159, p. 1295, Myrtle H. Beard,
in
Chief
County
Clerk,
sends
the
following list of other bidders: :
Int. Rate
Bidder—
Berks
0.45%.
0.55
County Trust Co.,i Reading
Parsons & Co.
Butcher & Sherrerd___
Graham,
(plus $3)
0.55
Erie, Pa.
Township Local School
Sued
On Improvement; Bond
District (P. O. Dayton), Ohio
Payment—In its issue of March 23
Bond Sale—The $62,000 school
street paving bonds.
the
Erie "Dispatch-Herald"
re¬
"1. All proposed capital proj¬ Dated May 1, 1944. Denomination building bonds offered for sale on
Niagara Belden Center Sewer Dis¬
ported the following:
ects should be closely scrutinized $1,000, one for $700.
Due Oct. 1, March 30—v. 159, p. 1295—were
An Erie industrial firm argued
trict No. 2 (P. O. Niagara Falls),
for need as well as for desirabil¬ as follows: $1,000 in 1945, $2,000 awarded to the Ohio Co., of Co¬
N. Y.
before the State Supreme Court
in 1946, $1,000 in 1947, $2,000 in lumbus, as lVzs, paying a price of
ity..
Bond Sale—The $26,500 sewer
in Pittsburgh Wednesday that the
"2. Put the capital program on 1948, $1,000 in 1949, $2,000 in 1950 100.734, a basis of about 1.367%.
system bonds offered for sale on
city of Erie should be required to
to 1953, and $1,700 in 1954.
Prin¬ Dated April 1, 1944. Denomina¬ pay the face value of special im¬
a
March 20—v. 159, p. 1294—were
pay-as-you-go basis as far as
awarded to Geo. B. Gibbons & practicable.
The adoption of the cipal and interest (A-O) payable tions $1,000 and $200. Due $3,000 provement bonds totaling $67,000
at the office of the Director of April and Oct. 1, 1945 to 1949, and
Co., of New York, as 1.40s, paying policy that at least a part of the
plus interest which the city issued
cost of new projects must come Finance and Public Record.
$3,200 April and Oct. 1, 1950 to in 1926, 1927 and 1928.
a price of 100.42, a basis of about
1954.
current
taxes during
the
Legality
approved
by
1.35%. Dated Feb. 1, 1944. De¬ from
Counsel for the city stated that
East Liverpool, Ohio
period
would
do
Sanders & Dempsey of when the bonds were issued liens
nominations $1,000 and $500. Due construction
Bond Offering — E. Allan Mc- Squire,
Cleveland. The next highest bid¬ were filed on properties abutting,
Feb. 1, as follows: $1,500 in 1945 much to establish a balanced fi¬
Keever, City Auditor, will receive
der was Fox, Reusch & Co., for the streets where improvements,
to 1961, and $1,000 in 1962. The nancial plan.
sealed bids until noon on April
next highest bidder was Blair &
were
made.
Upon collection of
"3. To some degree at least use 10 for the
purchase of $35,766 l%s, at a price of 101.49.
Co., Inc., for l^s, at a price of unexpended
money
so assessed, he added, a
balances and
any street improvement bonds. Dated
Warren, Ohio
100.20.
Among the other bidders other available funds to establish April 1, 1944. Denoms. $1,000 and
Bond Offering—B. M. Hillyer, number of bonds were paid off. - *
was
Marine Trust Co., Buffalo,
The appellant, the Nagle Engine
post-war reserves such as
the $500, one for $766. Due Sept. 1, City Auditor, will receive sealed
for 1.60s, at a price of 100.415.
State has done and such as are as follows: $3,766 in 1945, $3,500 bids until 2 p.m. (EWT) on April and Boiler Works, held bonds for
in
a
Port of New York
Lincoln
Opening
Authority, N. Y.
Tunnel
North
Delayed—Due
to
Tube
authorized
the
"4.
shifts
in fabrication schedules at plants
for
municipalities
by
general municipal law.
Set
maturities
bond
within the life of the
City
$16,700
well
1953, and $4,000 in 1954. 14 for the purchase of $72,000 im¬
bid Tor a different provement refunding bonds. Dated
rate of interest in a multiple of
April 1, 1944.
Denom. $1,000.
lk of 1%.
No bid for less than Due $6,000 April and Oct. 1, 1945,
may
a
years
"1940,
and accrued interest.
certified check for
to
Bond Offering—Earl L.
McCor-
pose of providing funds for the
mick, City Auditor, will receive
of
refunding
a
like
sealed bids until noon on April 3 purpose
amount of legal and valid out¬
for the purchase of $42,000 re¬
standing bonds of the city hereto¬
funding bonds. Dated April
1,
fore duly and legally authorized
1944. Denomination $1,000.
Due
and from New Jersey. The north 1, 1944, at par and accrued inter¬
and issued for certain public im¬
$3,000 Oct. 1, 1945 to 1958. Bidders
tube, when opened, will carry est, various refunding bonds ag¬ may bid for a different rate of in¬ provements and which bonds are
about to mature.
Said bonds are
one-way traffic westbound from gregating $248,000, dated May 1,
terest in a multiple of
of 1%.
1938, maturing serially from 1960
New York to New Jersey.
No bid for less than par and ac¬ issued under authority of the laws
to 1964. Holders of said bonds are
Previous announcements based
crued interest.
Enclose a certified of the State and of the Uniform
called upon to surrender them at
on
delivery schedules for cable,
check for $420, payable to the Bond Act and under and in ac¬
the Irving Trust Co., New York
switchboards and electrical equip¬
cordance with a certain ordinance
City.
4
ment
indicated
that
of the city, No. 3322, passed by the
the
tube City, for payment. Interest ceases
on date called.
The bonds called
Lorain, Ohio
would probably be ready in July.
Council on March 20, 1944.
No
are as follows:
%
City Contemplates Land Pur¬ bid for less than par and accrued
"While virtually all other civil
chase
John D. Pincura, City interest.
construction in the metropolitan $90,000 Street Improvement Re¬
Enclose a certified check
area
has been at a standstill,"
funding Bonds, numbered Solicitor, reports that the City for 1% of the bonds, payable to
contemplates purchasing land to the city.
Frank
C.
Ferguson, Chairman,
A307-A357, A407-A443, A475connect Century and Longfellow
said, "the WPB has fully recog¬
A476, all numbers inclusive,
Wauseon School District, Ohio
nized the importance of this tube
maturing $51,000 Jan. 1, 1962, parks. If the purchase is con¬
Bond Offering—O. L. Watkins,
summated an issue of bonds will
to the movement of war materials
$37,000 Jan. 1, 1963, and $2,Clerk Board of Education, will
be necessary.
and war workers, and has been
/ 000 Jam 1, 1964;
.
.
—
.
before suit was entered
counsel for the city
asserted, mentioning the six-year
statute
of limitations.
He said
12
in
Enclose $7,000 April and Oct. 1, 1946 and that the city had not paid interest
the
$357, payable 1947, and $8,000 April and Oct. 1, nor assumed liability for
'
the City Treasurer.
1948 and 1949.
Rate of interest bonds.
When the Erie County Common
to be in multiples of *4 of 1%.
Gallipolis, Ohio
Pleas Court awarded holders of
Said bonds are issued for the pur¬
par
plete the second
com¬
"5. Give full consideration to
north tube of the use of callable bonds."
the
Lincoln
Tunnel, a further
postponement in the opening date
NORTH CAROLINA
of that facility was announced
High Point, N, C.
March 28 by the Port of New York
Bond Call—Roy S. Braden, City
Authority. The first or south tube
reports that the City
of the Lincoln Tunnel was opened Manager,
has elected to exercise its option
to traffic in December, 1937, and
now
handles two-way traffic to and will call for payment on May
Van Buren
4%
Bidders
project.
an
calling for an issue of
in 1946 to
manufacturing equipment to
or
Council
ordinance
the
special
bonds
of
80%
face
value, plus interest of 2%, counsel
for the appellee stated, 42 claims
totaling' $300,000 were paid.
He
also said that interest on the $67,000 face value of the bonds, fig¬
ured at an annual rate of 6% as
asked
by the Nagle firm,
would
amount
closely
re¬
sembling the face value figure.
The appellant contends, the city
of Erie is guilty of negligence,,
and that it is by virtue of a State
equal
an
law, liable for the bonds.
Counsel
granted
which
the appellant was
extension of time in
file a brief of supple¬
for
an
to
mentary information.
Bond
Haverford, Pa.
A. Fritschman,
Call—H.
Secretary
Board
of
Township
Volume
159
Number 4269
THE COMMERCIAL & FINANCIAL CHRONICLE
Commissioners, calls for payment
on
May 10, 1944, at par and ac¬
>
crued
counted for almost
interest, refunding bonds,
dated May 1, 1934, maturing May
1, 1954.
Holders of said bonds
shall present the same at the of¬
fice of the Pennsylvania Company
for
Insurances ron
Lives
and
Granting Annuities, Philadelphia,
for payment with May 1, 1944 and
subsequent coupons attached.
In
case
registered bonds are pre¬
sented and payment to any other
than the registered holders is de¬
sired, such bonds must be
panied by
assignment.
;
:
'
.
accom¬
instruments
proper
of
*
k
Kittanning School District, Pa.
.Bond Offering—Hazel M. Gib¬
District
son;
Secretary, will
sealed
ceive
(EWT)
bids
until
3
re¬
p.m.
April 12 for the pur¬
chase of $27,500 coupon real es¬
tate purchase bonds.
Dated April
1, 1944. Denom. $500. Due $5,500
on
"Jan. 1,1945 to 1949.
No bid for
less than par and accrued interest
At
and
the
close
of
1942
the
cities
boroughs of Pennsylvania
bonded
net
School
debt
<
districts
for
slightly
County
and
debt
therein for school purposes within
in
the
over
State.
responsible
were
$200,000,000.
,
institution
district
to; $143,000,000,
while township debt was a little
than $16,000,000.
Of the lat¬
ter sum, first class
townships had
incurred somewhat over $17,000,000 and second class townships not
quite $4,000,000. Of the city debt,
sylvania for
McKeesport, Pa.
Attorney Asks Payment Of Im¬
V
Bonds—We
provement
part
follows from
quote
in
in
the McKeesport "News" of March
as
13:
a
report
' :
City Council was confronted to¬
day with another formal demand
from bondholders for payment of
outstanding improvement bonds.
The demand
,
was
made by At¬
torney Oliver K. Eaton, of Pitts¬
burgh,
representing
owners
of
$237,667.30 in unpaid bonds issued
by the city during years past to
finance
certain
street
and
sewer
improvements.
Mr. Eaton, a former McKeesporter, charged that the city vio¬
lated its legal obligation as trustee
by failing to collect liens prompt¬
ly to retire the bonds for which
Pennsylvania's net bonded debt
was
$1,009,325,548 and the
in 1936
average decline had been less than
to
tirement
purposes.
He
•
other
stated
that
than
records" show there
ing and
unpaid
are
are
re¬
assume
Bids must be
form
and
blanks
on
must
which
for
sale
The
reduction
debt,
of
outstanding
which
has
been
under
the
Pennsylvania and
and
delivered
only
if
the
after
the
to
are
to
and
authorizing
provisions
be
of
proceedings
issuance
of
bonds have been approved
said
by the
Board of School Directors and ap¬
proved by the Department of In¬
ternal
Affairs.
Said
sult that local indebtedness is now
less than it has been in almost two
decades," Livengood said. "Under
war-time restrictions
construction
the
on
need
building
for
new
.capital
issues has been largely
eliminated, consequently, as out¬
standing municipal bonds fall due
and are paid, there is little fresh
debt being incurred.
The effect
upon
the amount of local debt
outstanding is obvious."
;
According to data compiled by
Henry Van Pelt, Chief of the
Bureau of Statistics in the Depart¬
ment, total net bonded indebted¬
of
all
local
governments in
"Pennsylvania amounted to $859,ness
775,910 in 1942.
This represented
reduction of
$214,272,469, or 20%
from the peak level of 1931.
Dur¬
ing this 11-year period school debt
a
.was
cities
and
reduced
14.9%, the debt of
17.5%, of boroughs 20.7%
of counties .and townships
about 30%.
.
Due June
on
awarded
to
Bank
Boston
of
count.
the
March 24
First
bonds
at
was
0.414%
dis¬
27, 1944. De¬
$25,000, $10,000 and
Nov. 3,
1944. ! .The
nominations
$5,000. Due
only other bidder
R.
was
L. Day
&
Co., at 0.469% discount.
check
for
$700, pay¬
able to the School District.
Charleston County (P. O. Charles¬
ton), S. C.
;
;
;
\
Bond Bill Introduced in
Legis¬
lature—A
tion
new
would
under
at
bill
a
county police sta¬
be
Charleston
erected
cost
a
north
of
of
$60,000,
introduced
in the House
by the
county delegation.
tion,
recently
Charleston
which
is
being
sought by
members of the county force and
others.
Rohesonia School District, Pa.
Bond
Offering Details—In
con¬
nection with the offering on April
5
of
the
bonds,
$10,000
notice
Included in the project would be
a
two-way radio station and the
right to purchase a "suitable site."
improvement
bining two different rates of in¬
terest
will
be
accepted.
Said
bonds
and
the
interest
thereon
"For the payment of said
bonds,
principal and interest, as
respectively mature, , there
shall be. pledged the full
faith,
credit
and
taxing ■ power
of
Charleston
county,
and
there
shall be levied annually upon all
taxable
property in Charleston
county by the county auditor, and
collected by the
will be payable without deduction
for any tax or taxes, except suc¬
a
cession
undertake whatever post-war im¬
thereon under any present or fu¬
ture law of the Commonwealth,
county treasurer
as
provements
needed
are
conclusion
of
after the
hostilities,
Liven¬
good said.
Borough Bond Issue to be Re¬
Allegany voters
on
again
issue
vote
proposed
a
of
$20,000 at the pri¬
elections
to
be
held on
by
the
bond
in
was
the
approved
November
1943 election, and was advertised
for bids with a Pittsburgh finan¬
concern
issue
as
had
highest
and
will
agrees to pay.
sold to the
be
responsible
bidder,
pro¬
vided such bid is not less than par
The highest
and accrued interest.
responsible
who,
one
the
bidder
shall
be
the
having
complied with
of sale, offers to
conditions
take the whole amount of the is¬
issue
voters
assumes
bonds
^
~
the
low
bidder.
be
to
sue
at the
the
municipality, which shall be
lowest interest cost to
determined by deducting from the
total amount of interest to be paid
account of
such bonds during
thereof, the amount of
premium offered, if any, over and
on
approved,
however, by the State Department
the
of Internal
above the face amount of the is¬
al
was
Revenue
and
refused due to
a
approv¬
technical
lack in the advertising of the is¬
It is therefore necessary to
The need for the
issue
caused
was
$20,000 bond
by the great ex¬
life
sue.
These
payable
obligations will be
from ad valorem taxes
within the
caused
omission of exemptions or other¬
wise, subjects to
a
Federal income
in
Bond Offering — Ralph Sloan,
Secretary Board of Directors, will
receive
sealed
(EWT)
West View
on
bids
until
8
p.
quested to
bonds.
name
one
rate for the
No bids for less than par
and accrued interest will be
sidered.
Said
bonds
are
con¬
to
Municipal Authority,
Pa.
m.
April 13 for the pur¬
chase of $35,000
coupon school
bonds.
Dated April 1, 1944. De¬
nom. $1,000.
Due $7,000 April 1,
1949, 1954, 1959, 1964 and 1969.
The bonds are registerable as to
principal only. Bidders are re¬
be
genreal obligations of the School
they respectively mature, and
to create a sinking fund for that
purpose," the bill says.
.
Edgefield, S
Bond
water
Call
—
revenue
nicipal
..
Holders
of
3V4%
bonds of The Mu¬
Authority
of
The
Bor¬
ough of West View, Allegheny
County, Pennsylvania, are being
notified
that
$25,000
principal
amount of these bonds have been
drawn
by lot for redemption on
May 1, 1944 at 105% and accrued
interest.
at
The
Bond Call
that
Bonds will be redeemed
Chase
Natioinal
Bank
of
C.
^'
^
all
of
the
6%
street
improvement issue to the amount
of
$50,000,
dated .June
1,
1924,
maturing June 1, 1964, are call¬
able for payment on June 1, 1944,
at par and accrued interest, at
the
Central
Trust
Hanover
Bank
Co., New York City
to
cessor
the
Hanover
&
(suc¬
National
Bank, New York City, named in
said bonds as paying agent). All
bonds presented for payment must
have June
1, 1944, and subsequent
to
coupons
Bonds will
unless
not
maturity
cease
paid
attached.
to bear interest
on
presentation.
TENNESSEE
Columbia, Tenn.
Bond
of
Sale—The
$658,000 1%%
refunding,
A, bonds offered for sale
on
March 29—v.
159, p. 1295—
were awarded to a syndicate com¬
posed of Stranahan, Harris & Co.,
electric system revenue
series
Inc., of Toledo; James F. Smith &
Co., of Knoxville; Ryan, Suther¬
land & Co., of Toledo, and Web¬
ster & Gibson, of Nashville, at a
price of 101.1199, a basis of about
any
prior
to
accrued
interest pay¬
maturity at
interest
to
the
redemption, plus premi¬
of $30.00 per bond to and in¬
cluding Dec. 1, 1947, $20,000 per
bond
Dec.
thereafter
for
to
and
including
1, 1954, and $10.00
thereafter.
The bonds
per
bond
issued
are
the
purpose of refunding
a
like principal amount of the out¬
standing electric system revenue
bonds, series A, and will be pay¬
able,
together
with
the
unrefunded portion of Series
A, and
such obligations as may be issued
on
parity under the provisions
a
of the resolutions
authorizing said
bonds, from the net revenues to
be derived from the
the
Town's
electric
operation of
distribution
system.
The City will supply the
approving opinion of Chapman &
Cutler, of Chicago, and all bids
must be
so conditioned. No bid will
be accepted for less than
par and
accrued interest to June
1, 1944.
The
the
bonds
scribed
for
to
be
proceeds
of
bonds
refunded
the
have
redemption
on
with
above
been
June
de¬
called
1,
1944,
and the successful bidder must be
prepared to accept delivery of the
refunding bonds on or prior to
that
date.
It
is
anticipated that
the bonds will be ready for deliv¬
ery
on
Enclose
of the
about
or
a
April
certified
10,
1944.
check for 2%.:
bonds, payable to the Town
Treasurer.
—
bonds
on
date
and
1, 1943. Denom. $1,are optional for
bonds
ums
W. C. Tompkins,
Clerk-Treasurer,
reports
Town
taxing limitations im¬
repairing the tax the interest on bonds of a
borough damages of the July 1942 class or character which includes
flood.
Streets
and
bridges still these bonds, will, at the election
need to be repaired, and a new of the purchaser, relieve the pur¬
borough lockup will have to be chaser from his obligations under
erected. Besides this, the borough the
terms
of
the
contract
of
has gone into debt between five sale and entitle the purchaser to
and ten thousand dollars for work the return of the amount depos¬
already completed on flood re¬ ited with the bid. These bonds
are issued subject to the favorable
pairs.
It is expected that the bond is¬ opinion of Townsend, Elliott &
Munson of Philadelphia, and will
sue will again be approved
by the
be delivered to the purchaser only
voters in the April election.
*
if and after the proceedings have
been approved by the Department
Prospect Park School District, Pa. of Internal
Affairs.
pense
sufficient to pay the prin¬
cipal of and interest on said bonds
sum
all of which taxes the School Dis¬
The
Allegany, Pa.
submitted— Port
The
or
trict
Port
bond
inheritance taxes, now
hereafter
levied
or
assessed
or
The
date
issue negotiable
coupon bonds of
the county for erection of the sta¬
certified
000.
redemption
par
opinion
of
Morgan,
Lewis
&
Bockius, of Philadelphia. Enclose
a
Dated Dec.
ment
SOUTH CAROLINA
in
1959.
Dated March
The measure would permit the
county board of commissioners to
are
1, as follows: $25,1951, $26,000 in 1952,
$27,000 in 1953, $28,000 in
1954, $29,000 in 1955, $30,000
in 1956, $31,000 in
1957, $32,000 in
1958, and $33,000 in
000
National
also sold subject to the favorable
,
paying off out¬
standing obligations has continued
during the past years, with the re¬
3469
ISLAND
—
sold
purchaser
go through- the whole process of posed by law upon school districts
Pennsylvania (State of)
passing a new ordinance, adver-> of this class. The enactment, at
Bonded
Debt
Lowest
Since 1926—Secretary of Internal tising the election, voting on the any time prior to the delivery of
issue, and advertising for bids the bonds, of Federal legislation
.Affairs William S. Livengood re¬
again.
which in terms, by the repeal or
ported that the bonded debt of
"The process of
3460
3166
offered for sale
A,
$132,000 2% refunding bonds. Due
June 1, as follows:
$20,000 in
1945, $21,000 in 1946, $22,000
in 1947 and
1948, $23,000 in
1949, and $24,000 in 1950.
;261,000 1-%% refunding bonds.
Westerly, R. I.
Note Sale
The $150,000 note
proceeding during the war at a
rapid
pace,
will, if continued,
place many counties and munici¬
palities in a favorable position to
sue.
1942 than at any time since 1926.
3139
3002
Municipal Borrowing Law of
Dec.
on
municipal
outstanding are to be
sue the
city for their
Pennsylvania counties and munic¬
ipalities was lower at the close of
2941
2688
be "obtained from the above
Secretary. The bonds are offered
of all bonded
Union.
•$442,000
Local
2333
2150
they
cial
*
3335
3385
in v. 159, pp. 1087 and 1293, the
31, 1942.
These
following information was submit¬
counties are Cameron, Franklin,
ted; Bids will be received for the
Fulton, Juniata, Lancaster, Mont¬ entire issue at
any of the above
gomery, Montour, Perry, Pike and
rates of interest but no bid com¬
debt
The
money.
He asked Council to take
affirmative action to avoid litiga¬
3042
3075
both
although all the
tion.
in
submitted
entirely free of bonded
as
mary
a
2828
2846
of which appeared
selves
value
to
and
legheny County.
On the other
hand, 10 counties, including two of
the
wealthiest, reported them¬
than half of the total of
•forced
60%
over
ac¬
Tuesday, April 25.
representing
be
debt for county purposes in Penn¬
sylvania has been incurred by Al¬
more
of
than
outstand¬
clients,, who hold 92 improve¬
ment bonds
net retirement
a
More
greatly
was
city
improve¬
own
assessments have been collected.
Mr. Eaton asked Council if his
36
From 1936 to 1942
the rate of decline
gate to
was
will
"your
ments whose bonds
bond
since the peak
per year
of 1931 when the bonded debt
they were security and by divert¬
ing,* in many instances, the money
collected
to pay.
will
3307
2292
RHODE
electric system revenue, Series
bonds aggregating
$393,000:
3017
2295
inheri¬
or
all
of
which
above provided,
District
2800
taxes,
or
present or
future law of the Commonwealth
as
2202
2137
any
any
Pennsylvania,
are
2033
United
the
series of years be¬
a
ginning with 1923.
above new bond issues floated, of
$149,550,538, or at the rate of al¬
most $25,000,000 per year.
the School District.
to
They
follows:
as
2130
retain therefrom under
or
pursuant
of
2029
which the
School
be required to pay
may
thereon
or
numbered
may
fairs.
check
taxes,
District
the Department of Internal. Af-.
fairs for every local unit in Penn¬
celerated, amounting in the aggre¬
certified
tance
statistics of local in¬
debtedness have been compiled by
approved
by the Department of Internal Af¬
a
tax
except gift, ■ succession
agree
of such bonds have been
bonds, payable to
the
without
any
unconditional
$1,074,047,479.
the
for
and
$49,000,000.
Detailed
only if and after the pro¬
ceedings authorizing the issuance
of
deduction
third class
chaser
Enclose
America
School
group,
of
money
of
the
$13,000,000
2%
lawful
States
taxes, except
shall be accepted. The bonds will
be sold and delivered to the pur¬
for
in
Philadelphia owed $851,000,000;
Pittsburgh, $56,000,000; Scranton,
$2,500,000, and the cities of .the
as a
Street, New York, N. Y.
the taxing limitations imposed by
law.
The principal and interest
of said bonds are to be
payable
amounted
more
District, payable from ad valorem
ac¬
$500,000,000 of
1399
Shelbyville,
Bond
Sale—The
Tenn.
$224,000 1%%
electric system revenue refunding
series A bonds offered for sale on
March
27—v.
awarded to
159,
p.
1295—were
syndicate composed
Corp.,
John Nuveen & Co. of Chicago,
Davidson
&
Co.
of
Knoxville,
Cumberland Securities Corp.
of
Nashville, Barcus, Kindred & Co.
of Chicago, Nashville Securities
Co. of Nashville, James F. Smith
& Co. of Knoxville, J. C. Bradford
& Co., Jack M. Bass & Co., both
of Nashville, paying
a price
of
101.00, a basis of about 1.601%.
a
of the Equitable Securities
Dated Dec.
1, 1943. Denomination
$1,000. Due June 1, as follows:
$19,000 in 1946 and 1947, $20,000
in 1948 and 1949, $21,000 in 1950
to 1952, $22,000 in 1953 and 1954,
$23,000 in 1955 and $16,000 in 1956.
The next highest bidder was Stra¬
nahan, Harris & Co., Inc., and
Ryan,
Sutherland
&
Co.
for
100.182.
TEXAS
Agricultural and Mechanical College of Texas (P. O. College
Station), Texas
Denom.
Bond Sale—An issue of $1,000,000 steam plant, laundry and dor¬
follows:
mitory
1.602%.
Dated
Dec.
1,
1943.
$1,000.
Due June 1, as
$46,000 in 1946 and 1947
$47,000 in 1948, $48,000 in 1949
$49,000 in 1950, $50,000 in 1951
$51,000 in 1952 and 1953, $52,000
.
in
1954, $53,000 in 1955, $54,000 in
1956, $55,000 in 1957 and $56,000
in 1958.
The next highest bidder
was:
Equitable Securities Corp.,
John
Nuveen & Co., Davidson &
Co., Cumberland Securities Corp.,
Nashville; Barcus, Kindred & Co.,
Nashville
Securities
Co., J. C.
Bradford & Co., Jack M. Bass &
Co., C. H. Little & Co., and Clark
&
Co., at
the
a
other
Hall
price of 101.00. Among
bidders
was:
Harris.
&
Co., Milwaukee Co., and
Martin, Burns & Corbett, at a
price of 100.55.
McMinnville. Tenn.
Bonds
Town
Offered—Elijah Woosley,
Recorder, received sealed
the City of New York, 11 Broad bids on April 1 for the following
was
revenue
purchased
refunding bonds
March 11 by
on
Dewar, Robertson & Pancoast of
San Antonid. Dated April 1, 1944.
Due April 1, as follows: $10,000 in
1945 and 1946, $15,000 in 1947 and
1948, $20,000 in 1949, $40,000 in
1950 to 1952, $45,000 in 1953 to
1955, $50,000 in 1956 and 1957,
$55,000 in 1958 to 1960, $60,000 in
1961, and $350,000 in 1962. Call¬
able
and
in
inverse
maturity
as
order
of number
follows:
Bonds
maturing in 1951 to 1956 on inter¬
est dates at 105, and bonds matur¬
ing in 1957 to 1962, on interest
dates at 104.
Legality approved
by John D. McCall of Dallas.
Brazos County (P. O.
Bryan),
Texas
,
Bond
Call—Roy Montgomery,
Treasurer, reports that
the county has exercised the opCounty
THE
COMMERCIAL & FINANCIAL
Monday, April 3, 1944
CHRONICLE
1400
838,000 tons in 1942. Total produc¬
McWane of Lynch¬ $3,000 in 1945 to 1954, and $5,000 tion to March 1 was 249 ships.
in 1955.
These bonds are a gen¬
canvassing the entire
There wil be "a slight reduction"
eral city liability and there has
State to
ascertain just what is
been levied on the taxable prop¬ in 1944.
contemplated by the political sub¬
erty in the city a tax to provide
Canada (Province of)
divisions of the State in the way
for the payment of principal and
of postwar public improvements.
Bonds Sold
The chartered
interest.
These bonds
may
be
The survey is
being made in
banks recently purchased $128,registered as to principal.
The
cooperation
with the
Virginia
deposit
certificates
at
Finance Committee reserves the 980,000
State Planning Board, which has
0.75% discount. Due Sept. 12, 1944.
right to sell the bonds separately
prepared material on 16 of the
or as a whole.
ALBERTA
larger municipalities in the State.
Jacinto County (P. O.
Coldspring), Texas
San
—
Bond Call — Sam McMurrey,
1929,
denomination County Treasurer, reports that
$1,000, maturing April 15, as fol¬
the following refunding bonds are
lows:
$3,000 in 1944 to 1950, and
called for payment on April 20,
$4,000 in 1951 to 1961, being part
of a total issue of $86,000.
Said 1944, at par and accrued interest,
15,
April
is
burg,
for payment on
1, 1939, are called
April 1, 1944.
W.
by Fred
bonds, dated April
works revenue
720, Re¬
vised Civil Statutes of the State,
1925, to redeem on May 1, 1944,
outstanding 5*/2% road and bridge
refunding bonds to the amount of
$65,000, being Nos. 22 to 86, dated
granted by Article
tion
volunteers
M'cWane's
now
are
at
the State Treasurer's office:
Wisconsin
(State of)
presented on said
personally visiting 70 other com¬
$8,000 court house, Series 1938,
date at the Guaranty Trust Co.,
munities.
Highway Need Stressed—"Oper¬
Nos. 21, 22 and 24 to 29.
Dated
New York City, or at the State
To date (March 5) reports have ation
of
the
10,000-mile State
April 10, 1938. Denomination $1,Treasurer's office for payment.
will re¬
000.
Due April 10, 1968, optional been filed by, 29 towns, McWane trunk highway system
Interest ceases on date called.
April 10, 1939. $16,000 road Series revealed, and most of the other quire an expenditure of $28,000,Brownsville, Texas
communities have been visited by 000 annually, providing for im¬
V of 1937, Nos. 149 to 151, 153 to
members
who have provement by construction or re¬
Tenders Wanted — E. Willman, 155, 158 to 162, 170 to 176 and 179. committee
construction of at least 400 miles
City Secretary, reports that the Dated Oct. 10, 1937. Denom. $500, urged local planning officials and
City~ Commission
will receive one for $1,000. Due Oct. 10, 1949, public works executives to com¬ annually, in addition to the traf¬
Interest plete plans now for postwar con¬ fic services and maintenance of
sealed tenders until 5 p.m. (CWT) optional Oct., 10, 1938.
struction. The committee reports the entire system."
This estimate
on
April 13' of 3% refunding ceases on date called.
that literally scores of new water¬ was
given by E. I.
Roettiger,
bonds, Series 1941.
No offer of
Texas (State of)
works, sewer projects, street im¬ State Highway Engineer, at the
bonds will be considered unless at
Warrant
Call — Jesse
James, provements plans, new public recent highways meeting of the
a discount price of less than par
Wisconsin County Board's Asso¬
and accrued interest. The city has State Treasurer, calls for payment buildings and facilities of every
ciation.
He based his figures on
at
face value,
general revenue type are contemplated.
$52,000 of surplus funds in the
to and including No.
"One
of the big
accomplish¬ the Wisconsin Highway Commis¬
interest and sinking fund of said warrants
sion report to the interim com¬
issue, eligible and available for 540,699 (1943-1944 series) which ments of the committee has been
mittee on highways created by
includes all warrants issued prior to
use in purchasing bonds.
get some of our town officials
the State Legislature last year.
to and including Oct. 17,1943. This
thinking about what they should
^Brownsville Independent School
call
is for $1,001,575.
General be doing to create a work pile
Of the 5,000 miles now paved,
District, Texas
revenue warrants dated prior to
against
possible
employment nearly 25% is more than 20 years
Tenders Wanted — Mrs. E. C. Sept. 1, 1941, are now void be¬ needs of the postwar era," Mc¬ old and 75% more than 10 years
old.
Myres, Secretary Board of Trus¬ cause of the State statute of two Wane said.
Possessors of
tees, will receive sealed tenders years' limitation.
"Attributing a 20 to 25-year
"Construction
work
by
our
these warrants should make ar¬
until 7:30 p.m. on April 27 of
towns and cities will be only a average life to the old payments,
bonds dated Aug. 1, 1940. There is rangements with the State repre¬
stopgap employment project, but their life expectancy is decreasing
approximately $20,000 available sentative of their district to have during the conversion of industry at about twice the rate at which
them presented to thd
General
for the purchase of bonds.
new
pavement construction was
to peacetime production some em¬
Claims Committee for special .ap¬
ployment of this nature will go undertaken in the last 10 years,"
Eastland, Texas
propriation at the next session of far toward balancing our eco¬ the engineer quoted from the re¬
the
State
Legislature.
Out-ofTenders Wanted—K. B. Tanner,
4
requested
:
Eastland Free School
Texas
Bonds Purchased
:,'V
''
^
office.
Weslaco,
r
Call
Bond
—
—
In connec¬
to
being at the rate of
■
payment of interest at any branch
of the Imperial Bank of Canada in
the Dominion of Canada, or at the
Bank
of
the
Manhattan Trust
call for tenders on
March 20 of refunding bonds Se¬
1941, C. A. Hertig,
Secretary, reports that 17 bonds
totaling $7,650 were purchased.
dated
1,
sued
of
:
1937-A,
Series
May 1, 1937, originally is¬
in the amount of $321,500,
and
City Tax Collections at AilTime Record—The city of Aber¬
collected
has
deen
an
of
program
Aberdeen, Wash.
described issues:
bonds,
Refund
templates a systematic
WASHINGTON
Edmonton, Alta.
all-time
high 97% of its 1943 tax levy, ac¬
cording to the annual financial re¬
surface
The report
$1,770,000 refunding is¬
159, p. 1200—now being
for investment constitutes
new
sue—v.
offered
the
will re¬
place the balance of various issues
previously held in the sinking
the
public financing by
first
city for many years. They
not
do
and
fund
used
funds will be
retire
held
available
other
with
together
constitute new
entire proceeds,
The
borowing.
Aug. 1, to
on
$3,460,000 debentures now
institutions and private
by
investors.
The
city's
been reduced
since
in
debenture debt has
by nearly $3,500,000
and total tax collec¬
same
period have
1939,
tions
the
As at Dec.
averaged over 114%.
31, 1943, total tax arrears amount¬
ed to only $6.60 per capita.
The
debentures were purchased by a
syndicate of investment dealers,
including Fairclough & Co., Ltd.;
Cochran Murray & Co., Ltd.; L.
G. Beaubien & Co., Ltd.; Nesbitt,
•
asks that all imposts
motor vehicles,
on
$3,500,000—
by
Reduced
Debt
The
continuing
restoration
replacement.
City.
Company in New York
proposed by the Commission con¬
...
$12.50 for each
$1,000 debenture.. Interest will be
paid on presentation of the deben¬
tures for notation thereon of such
budget
ing that the maintenance
ending April 1, 1944,
the half-year
in report¬
commented,
Roettiger
at once."
V. C. Thompson,
outstanding bonds
all
redeem
tion with the
Aug.
completed
will be urged to do so
will pay interest
holders at ZlM% in respect of
that the Province
program recom¬
their plans
Incorporation, City Secretary, reports that the
City has exercised its option to
the following
ries
Texas
notified
1943, are being
April 1,
than
munities that have not
hand are exhaust¬
ed.
Other
The minimum
getting
is
which matured on
the debentures
port.
••
•
committee
"The
State
Paid—Holders of
Interest to be
,
splendid cooperation from many mended for highway improvement
is for 200 mils annually, he said.
general
revenue
warrants, all places and' where it finds that no
Special bridge requirements are
State warrants are cashable when planning is being done, it is re¬
estimated at $1,000,000 annually,
issued and should be presented ferring its findings to the Virginia
and
improvement of extensions
immediately for payment. Prompt State Planning Board for followthrough cities at the same amount.
presentation for payment of these up. We feel that the work has
Continued delay in needed re¬
splendidly, and that
warrants will be greatly appre¬ progressed
surfacing can only result in com¬
ciated by the State Treasurer's we should try and get all reports
at hand before March 15.
Com¬ plete reversion to a "dirt" status,
office.
of
"until funds on
the
notify
to
Treasurer's
approximately $10,000
are available for the purchase of
bonds, and only tenders of less
than par and accrued interest will
be considered.
The city will ac¬
cept the lowest offers made start¬
ing with the lowest priced bonds,
amount
nomic picture.
of such warrants are
State holders
Secretary, reports that he
will receive sealed tenders on May
1 at 8 p.m. of refunding bonds
dated April 15, 1941.
Funds in the
City
(Province of)
Alberta
bonds shall be
&
Thomson
Co., Ltd.; Pemberton
& Son,
ner
Vancouver, Ltd., and Tan¬
& Co. Preliminary offers in¬
dicate
the
demand for
widespread
a
issue.
new
including car¬
fees, be appropriated for, and
their use restricted to highway
MANITOBA
rier
Brandon, Man.
Bond Sale—Harrison & Co., of
May
purposes.
It is estimated that
from port compiled by City Comptroller 64% of the normal revenues of Toronto, recently purchased, at
May 1, 1940 to 1945; 4%% from Victor
Lindberg's
department, $36,000,000, amounting to $23,000,- par, the following bonds aggregat¬
Bond Sale Details—In connec¬ May 1, 1945 to May 1, 1950; 5%
which shows the city to be in 000, is required for State highway
ing $500,000:
tion with the sale of the $50,000 from May 1, 1950 to 1967, num¬ "excellent" financial condition.
use—which with an assumed an¬
$200,000 3% refunding bonds. Due
bered 1 to 322 of the denomina¬
nual average of $5,000,000 of Fed¬
drainage improvement bonds to
Mayor Walter T. Foelkner, com¬
$40,000 Dec. 31, 1945 to 1949.
the First National Bank of Angle- tion of $1,000 each except bond
eral aid, would make up the esti¬
menting on the report, commend¬
300,000 3V2% refunding bonds.
mated budget.
ton, and McClung & Knicker¬ No. 56 for $500, and maturing ed
city councilmen, members of
Due $30,000 Dec, 31, 1950 to
bocker,
of Houston, report of May 1, 1967.
w;:
committees and officials for their
1.959.
which appeared in v. 159, p. 1296,
Refunding bonds, Series 1937-B, efficient management of city af¬
Denomination $1,000. All of said
C. J. Rogan, Town Clerk, now ad¬ dated
May 1, 1937, originally is¬ fairs as reflected in the financial
bonds are callable at
vises that the bonds were
sold for
price of 100.214, a net interest
cost of 2.448%, as follows: $14,000
maturing Dec. 15, $1,000 in 1945 to
a
1948, $2,000 in 1949 to 1953, as
2y4s, and $36,000 maturing Dec.
15, $3,000 in 1954 to 1957, and $4,000 in 1958 to 1963, as 2V2s. Dated
March
15, 1944. Legality approved
John D. McCall of Dallas.
by
Other
bidders
were:
Ranson-
.Davidson Co., for $14,000, 2V2s,
and $36,000, 2%s, at a price of
100.00;
Ballard-Hassett Co. for
$50,000, 2%s, at a price of 100.07,
and J. R. Phillips Investment Co.,
for
at
bearing interest at 3% from
1, 1937 to May 1, 1940; 4%
Freeport, Texas
CANADA
sued, in
the
1, 1937 to May 1, 1940; 4% from
tion of
Nos.
pared
88%
of $500,
To
and maturing May 1, 1967.
is
in the near future an
000,000 bonds.
anty Trust Co.,. of New York. In¬
cease on date called.
,
'J
Bond Sale
—-
Cross
The Dunne-Israel
Investment
Co., of Wichita, re¬
cently purchased an issue of $58,500
3%
refunding Series 1944
bonds. Dated Feb.
1,1944. Legality
approved by John D. McCall of
Dallas.
Houston, Texas
Sale Date Not Yet Fixed—W. H.
Bonds Voted—At
tion
the
voters
a
are
$32,000 hospital
said
to
have
in
bonds
for
additions
town's present culinary
to
water
sys¬
Bond
Call—T.
Bond
Ordinance Passed
—
The
County recently passed an
calling for an issue of
utility mortgage
revenue refunding bonds.
Dated
Virginia (State of)
March 1, 1944.
Denom. $1,000.
Municipal Post-War Plans Sur¬ Due
$1,000 May 1, 1945 to 1963.
veyed—Plans for the expenditure Prin. and int. payable at the City
$19,000
of
many
vealed
millions
towns
and
as
a
of
are
being
electric
Treasurer's office.
re¬
result of current sur¬
Bond
ment has
War
Tomah, Wis.
Offering—Ethel
production for
1943-44 tqtaled $3,435,000,000,
of $535,000,000 from
increase
an
on
Sowle,
days' notice at the city's option,
provided that the bonds outstand¬
ing of longest term must be called
first. Issued for the purpose of re¬
funding a like amount of the city's
outstanding 4%% bonds, due in
1966, which will be called for re¬
demption on June 30.
QUEBEC
Montreal, Que.
Interest
responsible for
and property that
unprecedented scale, Can¬ paid
of
life
ada will receive some
compensa¬
of
capacity which
can later be directed to peacetime
use, Mr. Howe said. "Active steps
are
being taken to prepare for
rapid reconversion when the time
comes," he continued.
tion
disclosed 1943
aircraft pro¬
planes, against
Holders
are
being
advised
May 1, 1944, at the Bank
on
Port Alfred,
Bond
Sale—The
bonds
offered
24—v.
159,
p.
for
Que.
$84,500
sale
on
school
March
1088—were awarded
to J. F. Simard &
as
3V2s,
at
a
Co., of Ottawa,
price of 99.26, a
basis of about 3:61%.
1, 1944.
Dated May
Due May 1, 1945 to 1959.
highest bidder was Os¬
The next
1942. Chemical and ex¬ car Dube & Co., for 3J/2s, at
output in 1943 totaled price of 99.10.
1,000,000,000
pounds, compared
Sorel, Que.
with
860,000,000. The program
Bonds Sold—L. G. Beaubien
will be reduced and one major
in
plosives
3,811
of
of Montreal Trust Co.
productive
He
1942,
1,
—
bonds which matured
semi-annual interest will be
through the enlargement
duction was 4,133
Payment
series E 5%
Nov.
While the war is
destruction
any
30
the fiscal
her
ordinance
VIRGINIA
Munitions Depart¬
reached $9,450,000,000.
awarded by the
at
a
&
Co., "of Montreal, recently pur¬
sealed bids explosive plant has already been chased
vey being conducted by the Post¬
$1,328,000
improvement
until 7:30 p.m. on April 7 for the closed, he reported. Ship produc¬
war
Planning Committee of the
bonds in connection with a plan
tion in 1943 was 150 vessels total¬
Texas
purchase of $35,000 coupon high
Virginia State Chamber of Com¬
for refinancing of the municipal
1,478,000
deadweight tons,
school construction bonds. Denom. ing
L.
Sutherland, merce.
debt structure.—V. 159, p. 1200.
1
Due April 1, as follows: compared with 811 ships totaling
The committee which is headed $1,000.
*
Mathis,
addition building
the
scheduled
election
Shullsburg, Wis.
City
tem.
cities
date.of sale has been fixed
for the various $1,350,000
improvement bonds.
an
April 4,
the
Maunsell, City Controller, reports
no
for
at
issuance of
approved the issuance of $10,000
that
yet
voters
Minister
$2,900,000,000 in 1942-43.
submitted to
be
will
bonds
recent elec¬
dollars on
public improvements by Virginia
as
Bond Election—The
peak, Munitions
told the House
of Commons recently, disclosing
that the total value of contracts
an
Frederic, Wis.
....
$535,000,000
Clarence D. Howe
year
WISCONSIN
terest shall
Sunset, Utah
Roads
Consolidated Independent School
District (P. O. Athens), Texas
County
issue of $3,-
Increased
Year—Canada's war production
in
(P. O.
to press reports, the
District will place on the market
said date at the Guar¬
UTAH
Output
in 1942 and
Lindberg said.
According
May 1, 1944, and the bonds shall
be redeemed at par and accrued
on
94%
Spokane), Wash.
Place Bonds on
Market—
33 of the denomination
price of 100.00.
Henderson
to only
in 1941,"
of)
Canada (Dominion
is at its
The date fixed for redemption
interest
1943
amounted to
levy, as com¬
Spokane School District
$1,000 each, except bonds
1 to
the
of
97%
May 1, 1940 to May 1, 1945; 4%%
from May 1, 1945 to 1967, num¬
bered 1 to 258 of the denomina¬
interest
accrued
collections
"Tax
plus
time on
par,
statement.
bearing interest at 3% from May
$14,000, 3s, and $36,000, 3%s,
a
of $241,500,
amount
City Secretary, reports that water
City Clerk, will receive
@FedFRASER