Full text of Commercial and Financial Chronicle : April 4, 1949 : General Corporation and Investment News, Vol. 169, No. 4791

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1949

<m 4

out

mils
Libram;

MONDAY

Financial
Reg. U. S. Pat. Office

Volume

169

Number 4791

New

General
RAILROAD

Akron Canton & Youngstown

York, N. Y., Monday, April 4, 1949

INDUSTRIAL

-

INSURANCE

-

MISCELLANEOUS

-

CONSOLIDATED

RR.—Earnings-

Period End. Jan. 31—
1949

1948

1947

1946

$418,695

$499,685

$397,084

111,120

205,009

119,786

$295,201
64,712

February—
Gross
Net

from

from

Net

railway____

railway.

50,604

103,894

56,670

990,671

855,083

616,751

235,381

395,114
193,676

291,375

from

Net

fj-om

Net

ry.

—V.

railway—

66,551

railway

108,670

income—

oper.

169,

Slock and Bond

New York Stock Exchange

The

SEC

called

has

for

hearing

a

April

12

$6,000,000 first mortgage
March

on

the

filed

29

bond issue of the corporation.
registration statement with the

a

previously

competitive

bididng.

approximately
tional

Bank

Company
future

reported,

of

would

Proceeds

$4,120,000

of

2%%

of

The company
SEC covering

the

to

payable

Chase

additions and

betterments.—V.

Stock Exchange
Stock

of.

Los Angeles

169, p. 1105.

Gross

from

Net

ry.

$1,271,678

$1,393,750

255,025
120,319

326,363

171,626

$1,222,519
227,334
108,191

2,617,167

2,935,121

2,617,607

railway......

526,692

737,302

516,249

2,362,272
521,930

income...

250,093

391,576

242,675

206,984

income—

oper.

240,671

from

Net

from

Net

ry.

railway

oper.

Partial

The company has called for redemption
the

of

due

sinking fund,

Nov.

1967,

1,

Guaranty

Trust

N.

169„ p.

Y.—V.

$109,000 of

and

100%

at

of

Co.

York,

New

Broadway,

140

New

Exchange

revenue

1949—Month—1948

expenses.....

Provision

for

General

1,565,536
334,000

377,500
48.766

48,766

ductions

585,193

(4,184,165

$998,130 $10,460,957

(net)

&

54

—

Clearings--

276,003

3,362,830

income

3,141,145

$878,727

$722,127

$7,098,127

45

105,000

1,260,000

—V.

169, p.

Divs.

Co.

after

ary,

record

a

postwar January,

R. E. S.

records

during Febru¬
Vice-President

on

46

Deichler,

point

the

year,

of

of

_35

Exps,
Int.

Stock Average_35

A.

of

Airfreight
miles

miles,

passenger

increase

an

42.3%

American
over

35.2%

February,

over

1,893,909

with

1948,

Stewart,

for

and

trustee

President Elected—

the

over

greater
Air

swelled by
in

in

month

last

Mr.

usually
with

736,820

to

service,

post

miles.

ton

nine months of

register

represented

gain.

a

The

said

the

about

10%

sharp

did

less

by

To

decline
this

occur

60.3%

volume

is

keep

scheduled

year.

with

"This

miles
same

of

Projecting

to

and

has

general
He

R.

moved

office

will

Includes

and

C.

Smith

his

In

continue

to

members

Association.—V.

addition

headquarters

New

supervision

other

in

169,

to

from

his

to

be

of
of
p.

responsible
AA's

The

United

stock

pdrchase
of

of

for

contacts

the

Washington

with

the

American

mon

stock

Feb.

Co.

issued

7 transferable

to

the

warrants

shares

of

the

cuijb

The

SEC

on

March

24

authorized

through ordinary brokerage
Exchange and to distribute to

nef proceeds

of such

sale.—V. 169,




p.

United

at

lines

and

farm

million

capacity

holders

its

of

Stock

stockholders

202.

\

(EST),
shares
sell

to

a

cost

rural

of

some

$35,000,000

added

and

customers"

entitled
.

.<, >

*

w

V

*0

•

»

>•••'

'

/'

.•;•••'•

V.'v
1,220,295
.

v

■!
:*

.\.

.

.

.

13,204,797

15,540j678

out

6,510

6,510

78,120

78,120

60,163

60,662

724,949

730,556

383,364

1,020,633

64

1,945

4,820

22,907

2,510,094

1,981,379

22,543,158

21,452,958

36,796

609,842

44,629

515,567

68,711

754,383

928,012

50,017

60,017

720,209

720,209

2,366,372

1,771,225

19,943,155

18,726,721

__—

$4.45

ad¬

_______

of

stk.

Electric
•

43,019

deducs

system

41,843
Crl,158

.

560,747
516,367

.

earn¬

stk.—

com.

system

earn-

sh,

of

com.

(12 mos.)

169, p.

'

1001,

American

$4.17

'

,

,

Power

&

Light Co.

Revises

—

Plan—SEC

Closed—Principal Change Is Elimination
Gas Holdings From Stock to Be Distributed—

an

expected

tons

electrical

of

coal

estimates,
1,405,000
per

22

billion

consumers

year

will

be

kilowatt hours
of

the

required

system
to

announced

was

distribution
its

to

Prior

to

Jan.

3,

on

proposed
the

of

in

in

generate

energy.

1958.

this

that

the

assets

for

of

SEC

hearings

American

reclassification

of

the

on

Power

its

plan for
Light Co.

&

stock

have

been

the

1949,

earlier

the

assets

reason

the

to

of
of

the

version

of

the

plan.

These

remain

82%

at

preferred stockholders

stockholders

as a class and
18% to the
class, although the amounts of securities of

a

as

companies

changes made

be

to

distributed

been

have

changed

The

principal change of this kind consists

stock

mon

shares

of

Utilities

&

the

Co.

stock

to

Gas

be

be

and

Electric

distributed,

stock

of

and

Florida

Co.

of

of

eliminating the

held

by

Power

&

com¬

American

increasing

from

the
Co.

Light

number
and

distributed.

proposes

sell

to

its

holdings

of

common

stock

of

Co.

equity
an

and

Florida

Kansas

capital

additional

for

Power

those

investment

&

Light

Co.

companies.
in

the

to

supply

needed

common

American

common

stock

also
plans to
equity of Pacific

4Yi% Causeway Revenue Bonds
Due January 1, 1974
Price:

$25>

$12

Established 1871

(To Yield Approximately 4.33rc)
Circular Available Upon Request

March

on

Edward D.Iones & Co.

102H

c4llen

per

&

300 North 4th
New

St.

remaining
New

SO BROAD

York

thereto
_

the
*■»

STREET

Telephone: HAnover 2-2600
■

NEW

Bell

YORK 4,

N. Y.

Teletype:

NY

St., St. Louis 2, Missouri

Members

Company

York Stock Exchange

Louis

Stock

Chicago Stock Exch.
1-573

of

Texas

Electric Co. and to use the proceeds, together with other funds
Company, in the purchase of additional common stock of Texas

Utilities

make

to

common

American

of

Kansas

of

securities

St. Louis Listed and Unlisted Securities

COUNTY, TEXAS

by

to be made in*American's holdings in those

or

companies.

Gas

be

25

the

of

and

of

closing of the hearings, modifications in the plan
were incorporated in a revised joint plan filed
with the Commission by American and Electric Bond & Share Co.
The
revised plan does not change the
ratios of allocation of the
company's assets among its several classes of stockholders from that

filed

over

will

March

most

of

stockholders

closed.

the

would be needed.
This figure is somewhat
than will be available in 1951.

company

com¬

(par

at

the

the

»'q. '"»•

.

NEW ISSUE

Stock, Etc.—

on

'

pfd. stk

per

several

kilowatts

evidencing rights to

to

transactions

'

4,059,162

which

Co., on the basis of one share of com¬
company for each five shares of common stock of

snares

•

>

Government

Light & Traction

of

"'!S;V'N

'

will give us an additional 935,000 kilowatts
much as the total system capacity only
Sporn said.
"Since May 1945, we have built

NUECES

common

\ '•

,

taxes

misc.

common

$1,700,000

Light held. The warrants expired at 3 p.m.
United Light stockholders purchased all but
6.673

share.

Nine

industry through the Air Transport

United Light 634,667

United
9.

duties

company's

office,

Federal

the

'V'i

1001.

Light & Railways
record

from

of

much

the airline

by

the

more

According
required by

York.

American Light & Traction Co.—Sale of
mon

the

company's

$106,000,000 in plants,

program

Mr.

new

1,000,000

Vice-Presidential

facilities

rural

of

kilowatts

Washington

the

power,

years

An additional $198,000,000 is
end of 1951, to bring the five

growth of the company to 1958, at the present rate
of expansion Mr. Sporn stated that in 10 years an additional 2,000,000

Jacob, Vice-President-Secretary, has been named Assistant

President

electric

two

facilities.

capacity—as

ago,"

miles

for

the last

in

other

$305,000,000.

to

145,000

over

and

new

1947-1951

years

17,500

associated

year.

invested

lines,

generating

10

Jacob Becomes Assistant to President—
Claude W.

have

demand

their

with

up

for

total

year

traffic

in

1

8,213,772

prior

and

City

and

.lings

It

Philip

transmission

February traffic is
January.
The drop last month, even
29
in
1948, was only 3.7%.

than

compared

days

winter

not

jumped

369,522 ton
from
the
,..' 7 :

decrease

5.1%

a

-'S

691,965

formerly

Kentucky and Tennessee.

ton

This

last

year.

transportation

28

to

the first

failed

February

Deichler
air

month

of

any

alone

express

carried

with

1948

same

than

the new air parcel

...

•'■■■
,

stocks

of

com.

on

—V.

electric power output of this company, to
small communities, were revealed on March

the

doubling

demands of 2,000

the

subsidiaries

mail,

'

-

■'

*2,443,355
^
'v
.' A<%■

income

&

Divs.

Sporn, President.
These communities are located in a
comprising parts of Michigan, Indiana, Ohio, West Virginia,

carried.

Air

.•

,

"" *-V.,

:

,

—4

territory

30

the

1948.

gained

■"

Federal income tax_—_

Virginia,

month

same

4,059,162

income.—

Total

Vice-President, has been
President, succeeding George B. Wells, resigned.—V. 169, p. 1105.

Plans

low

the

8,213,772

2,443,355

>

__________

Misc.

American Gas & Electric Co.—Plans Expansion—

<

meet

historically

691,965

•

Hearings

—sales, announced.

During February,
operated 99,680,105

19,599,841
15,540,678

r.

...

Dr66,667

Kansas

winter

new

13,138,130

consol.:

bonds

Atlantic

the New York Stock Exchange

on

American Optical Co.—New
elected

set

1,220,295

■/'/

pfd. stocks

on

ings for

Walter

corporation continued to

21,351,902

(parent

Co.

vances—notes

American Airlines, Inc.—Sets New Records—
This

1,912,261

in-

received

Consol.

1217.

2,443,355

-iV';.

sabs.

common

on

46

________

for 1948

$5,147,632

261,547
2,869,818

cons.

and

subs,

div.

stock

$5,838,127

388,210
3,170,931

'

years

,

$617,127

56,510
264,286

-

•'

on

Int.

1,260,000

$773,727

263,783

stocks

net

earnings

Divs.

$6,407,632

105,000

72,921

of* American Gas

Consol.
Net

340,007

34,549

—_

Eled?

46

National Quotation Industrial

Listings
297,102

12,047

,

com-

subs.

of

From

of

Dow-Jones Stock and Bond Averages.

___—

299,243
497,165

co.):

Federal Reserve System

de¬

547,347

(owned

common

Co.

Income

Condition Statement of Member Banks of

$9,548,777

for

subs.

Less

3,806,442

752,512

39,817
49,914
rv.; /">:
^.

Undistributed net inc. of

Combined Condition Statement of Federal

585,193

299,243

lieu

consolidated—

Divs.

,3.380,195

844,086

taxes._j

other

>.-■

(3,765,594

on

trie

f-

-

Reserve Banks

$1,175,829
and

3,706,930

6,937,035

24,936

American Gas & Elec-

—35
•'

Foreign Exchange Rates

18,845,321

4,095,000

(

income

Interest

22,117,816

30,391,729

8,261,018

4,061

stocks

come

26

Stock and Bond Averages
••-.
>9-if r■:
J*
:
•
■'

acquis.

taxes

Federal

1,421,367

deprec...

plant
adjustments

33,678,645

658,834'

24,936

con-

in

Undistributed

44

Redemption Calls and Sinking Fund Notices__46
Dividends Declared and Payable..-:
46

1949—12 Mos.—1948

$3,698,944 $45,208,725 $39,872,857

$3,867,548

________

of

43

General Corporation & Investment News-Cover

Co.—Earnings-

Operating
Amort,

Divs.

State and City Bond Offerings

Alabama Power

Gross

Section

Markets

The Course of Bank
Period End. Feb. 28-

2,954,696

725,299

by A. G. & E. Co.)_

1

1001.

to

earned

mon

Miscellaneous Features

York,

3,466,705

-

plant

41

Transactions New York Curb Exchange

Payment

trustee,

172,667
678,645

(Cr)___

charges

Bal.

Transactions New York Stock Exchange—**.-26

May 1, next, for account
3%% bonds, series A,
will be made at the

on

1,349,909

taxes!—

of

40

Stock Exchange—Curb

first mortgage

interest.

112,881

83,535

Divs. on pfd. stocks.—

-

*

25,539

adjustm't.

charged

40

Stock

Over-the-Counter

Redemption—

2,470

electric

struction

39

Toronto

103,387

W'

10,721,666

29,540,416

*

64,807

Income—

Special

38

Exchange

Toronto

From Jan. 1—
Gross

Stock

Int.

38

Montreal Curb Exchange

$1,116,405

,=

gas and

Other int. and deducts..

^.38

Stock Exchange

Francisco

San

railway....

12,339,565

32,215,854

long-term debt.
of

acquisition

37

Stock Exchange

Montreal

1946

1947

.996,367

2,845,621

(net)—

on

Amort,

37

Stock Exchange--.—

__

railway.:—..

from

Net

1948

$

3,399,428

income———

Gross
Int.

37

—

Philadelphia-Baltimore Stock Exchange
Pittsburgh Stock Exchange

Alabama Great Southern RR.—Earnings1949

Exchange

Stock Exchange

St. Louis

February—

water

Other

36
36

Stock Exchange—

Detroit

Na¬

1,133,937

Transportation,

27

Exchange

Cleveland

and Chemical Bank & Trust
balance would be used to pay for

1,538,415

-

$

36

Stock

Cincinnati

at

payment

The

to

sale

for

1,249,220

tax.,;

Income.—

Operating

•

31

Chicago

York

City of New
York, and the

New

offered

be

applied

be

notes

the

construction

would

bonds

the

(Bonds)

Boston

foregoing issue.

As

——15

New York Curb Exchange

proposed

the

upon

980,067

—

:___

____

income

Page

New York Stock Exchange (Stocks)--

Alabama Gas Corp.—Finance Hearing April 12—

Federal

1949—12 Mos.—1948

11,826,906 146,706,428 126,297,252
4,914,532
62,972,058
50,743,553
796,840
11,707,975
10,141,068
1,117,787
14,052,033
12,887,275
1,155,758 * 13,418,941
12.263,272

5,237,508

Other taxes

?/■■'■■■'

,

1105.

p.

13,534,578

____________

Depreciation

Quotations

ACCOUNT

$

$

revenues

Maintenance

From Jan. 1—

Gross

Operating
Operation

148,664

141,325

In This Issue

INCOME

1949—Month—1948

.

Subs Consolidated—

28,643

864.422

income___

oper.

ry.

_

Copy

a

Corporation and Investment News

PUBLIC UTILITY

-

Price 75 Cents

New York Curb

Exchange

Chicago Bd. of Trade

Exchange Associate

Phone
CEntral 7600
Bell Teletype

SL 593

%

♦

?

2

V:|

THE

(1442)

COMMERCIAL
'

>

Light Co., which company is to be retained by American after
the plan.
American's holding
of
common
stock of Minnesota
Power & Light Co. was increased recently, and the revised plan pro-'
vides for the distribution of the additional shares to American's stock¬

consummation of
In

various

(a)

plan
of

classes

For

each

Minnesota

The Montana

ities

of

Power

Power

are

distributed

be

the

to

follows:

as\

share

$5

of

stock':

preferred

The

share

of

of
of

Utilities

Texas

common

& Light Co.;

share

of

*

$6

common

of common stock
of common stock
stock

common

each

of

upon

interested persons until
debenture financing

of

Rent

—

0.14

.

Gross

"v

''

.

'•/

\"

•

25,631

8,232

211,852

>(

366,904
162,626

318,640
130,671

65,016

76,844

51,100

income--

oper.

tfeg,

.

,

\

51,500
10,881

1105.

p.

Atlantic Coast Line RR.—Earnings—
1949—Month—1948

Period End. Feb. 28—

1949—2 Mos.—1948

Operating revenues.—— $11,538,476 $12,172,338 $23,751,681 $24,692,821
expenses—__
8,924,775
9,401,560
18,581,427
19,086,393
Taxes
;
1,100,000
1,100,000
2,200,000
2,200,000

Operating

_

Equip.
Net

—

rents

287,265

345,881

551,430

744,319

income.

$1,226,436

$1,324,897

$2,662,109

$3,814,658

facil.

jt.

&
ry.

1,236,151

16,922,834

13,083,660

227,862

174,275

2,585,852

1,878,499

28,000

329,277

344,667

$497,016
1,104

$440,007

$5,038,036

2,429

32,295

$442,436

$5,070,331

$4,324,641

130,912

114,203

1,372,545

1,214,331

ductions

income

Total

other

Fixed

&

conting.

1,152,549

3,876

8.783

6,467

326,233

680,001

653,039

$1,080,869

$1,200,378

$2,816,467

$3,155,152

169, p. 1106.

Balfour Building, Inc., San Francisco,
Years

Total

Ending Dec.

revenue

pfd. stocks for

to

$328,233

$3,697,786

$3,110,310

Provision

608,609

Provision

for

$3,089,177

$2,501,701

Profit

for

— __

1947

$319,776

203,018

180,049

__'

depreciation—

36,701

39,776
$64,898

tax

year

deferred

35,053

44,537
$72,666

income

Federal

Appropriation for

1329.

194$
$356,922

:

for

608,609

1

Calif.—Report-

31—

■

„:

the period-

$367,208

——

—

169, p.

2,330

342,095

chgs._

income——

Net

-V.

$4,310,959

:

—

income

applicable

:—V.

$3,511,251

deductions—.

Miscell.

de¬

(net).

Balance

169,

204,544

$1,529,441

plant

Expenses
Net

200,404

——

-

13,682

$498,120

and

Interest

income

$2,418,824
1,0.92,427

$1,426,840

oper.

1949—12 Mos.—1948

$24,875,999 $19,617,785

share

of last year.—V.

^8,702

•'

30,406

railway—
391,779
railway—160,241

from
ry.

-V.

ACCOUNT

1,412,192

of

income
income (net)

Divs.

week

$111,411

66,246

/"

from

Net

1946

$162,731

86,287
41,070

income-—

oper.

1947

$183,854

69.650

From Jan. 1—

re¬

deductions-

lease

Operating

24, 1949, the System inputs of subsidiaries

corresponding

the

over

ry.

-Earnings-

1948

$176,475

com¬

$1,878,433

taxes

for

Other

amounted to 246,922,000 kwh., an increase of 16,605,000

7.21 '/c,

or

the

$2,164,590

(net)

Weekly Input Increased 7.21%—
of this company

INCOME

1949—Month—1948

,

Gross income

'kwh.,

to

1949,

of

27,620

Federal

until after the SEC has issued its
findings and opinion and an order approving the plan, and until a
court order enforcing the plan has been) issued
thereafteiv

For the week ended March

Net

railway—_
railway——

from

Other

-1.188 shares
1
share

_

stock—

common

8,

proposal

revenues—

Operating
Oper. rev.

plan cannot become effective

The

April

the

1949

;

from

Net

unchanged, namely:

$6

share of

For each

given

Period End. Feb. 28—

preferred stock
each share of $5 preferred stock

For

has

hearing

a

COMPARATIVE

Co.

share

Atlanta & St. Andrews Bay Ry.
February—
Gross

Commission.-

preferred

outstanding after the plan remains
For

capital appears adequate for
increased $405,220 to $5,924,633. Unit

1948 was

washers, ironers and dishwashers totaled 522,142,

As previously reported, the proposal involves the sale at competitive
bidding of $8,309,000 of 25-year sinking fund debentures. Proceeds
of this financing,
together with $4,000,000 to be derived from the
proposed sale of.320,000 shares of Arkansas common stock ($12.50 par)
to Electric Power & Light Corp., would be used for construction and
other purposes.
The common stock sale is now pending before the

stock and the $5 preferred stock will also receive
cash in an amount
equal to preferred dividends at the respective
dividend
rates from
the latest quarterly dividend payment
date to
the effective date of the plan.
The allocation of the single class of capital stock of American to be
The

SEC

quest

«-

stock: 0.147 of a
0.036 of a share
Minnesota Power & Light Co.; 0.148 of a'share
The
Montana Power Co.;
0.263 of a share of
each

For

(c)

stock of Florida Power

Monday, April 4, 1949

V.¬

■

pany.

1.045

Company.

'

working

Net

shares of common
stock of Florida Power & Light Co.; 0.256 of a share Of common stock
of Minnesota Power: & Light Co.; 1.057 shares of common stock of The
Montana Power Co.;
1.878 shares of common stock of Texas Utilities
(b)

that

'

Arkansas Power & Light Co.—Hearing on Financing—

a

shares

Light Co.; 1.255
Co.; 2.231 shares of

stated

CHRONICLE
•

slightly under the 1947 total.
Expenditures on plant and equipment during 1948 amounted to
$818,498, chiefly to provide additional facilities for manufacture of new
products such as the Apex Wash-a-Matic clothes washer and the auto¬
matic clothes dryer.—V. 169, p. 1329.

1.2421 shares of common
share of common stock
o( common stock of
common/stock of Texas Util¬

$6 preferred stock:
Light Co.; 0.304 of

&

&

Power

Company.
For each

securities to

the

stockholders

American's

share

stock of Florida
of

modified,

as

also

needs and in

company

holders.

the

■

sales of Apex cleahers,

addition.

Under

Frantz

Mr.

Power &

FINANCIAL

&

'

maintenance

24,401

4,500

1329.

p.

S
Research

American

Corp.—Registers

Development

&

Dividends
1947

1948

Years Ended Dec. 31—

registration statement with
common stock, to be offered
at $25 per share.
Underwriters are Estabrook & Co. and Harriman
Ripley & Co.
Proceeds will be used for general corporate purposes.

Net

—V.

""Share

corporation on March 30 filed a
the SEC covering 168,500 shares ($1 par)

165,

2922.

p.

.

$12,016,101

{Operating

$12,433,416

11,645,862

sales

11,394,654

'

costs

paid

Dividends

according
Balance

.

$370,239

!

of

net

joint ventures

•

;__

Internal

$1,038,762

336,981

$48,265

surp.

4

;

of

share

per

paid

were

$60,398

.

84,966

—

84,966

$3.41

—

$G

during

the

year

$4.27

and,

1948

understanding of the provisions, of the
&5.1312 per share is taxable to the recipients

company's

the

to

Revenue

Code,

balance

of

the

and

69,170

$707,220

from

earns,

transferred to earned

profit

Earnings per share

"

The

of

Balance

Arundel Corp.—Annual Report—

$.8688

$1,107,933

share

per

should

be

treated

return, of

as

capital.

American Sugar Refining Co.—Annual

Total

Report—

noting

of

that,

$3,220,035

BALANCE

general

expenses

j

.

in

for

Profit

from

operations

706,926

:

$294

—

646,910

income —.

—

Land

Accounts

jProv. for possible loss
Interest

Fed.

debt

and

taxes

applicable

44,075

—

(less

special

to

uncompleted contr.—

011

expense

income

on

in

hand

on

receivable

Deferred

1

1947

$624,000

"

816,072

780,652

10,211

40,058

—-

797

2,312

75,000

75,000

9,309

13,192

$1,529,816

$1,540,787

$708,050

$703,060

...

(at cost)—

charges

19,162

,

Total

33,000

214,155

$138,485

1948)

1948

$624,000

(less reserves)

Obligations of the U. S. ot Ameiica

[$127,000]

portion

credit

:

31

—

and improvements

Cash in bank and

247,287

$709,310

100,000

DEC.

^

Building

$461,023

315,266

$315,560

Other

SHEET,

ASSETS—

'

{Administrative- and

addition to expenditures during the year
maintenance and repairs, the company had
also spent $3,220,095 for modernization of its refineries as part of a
program which will
call fdr heavy additional expenditures in years
ahead, Joseph F.
Abbott,. President, stressed the need for stock¬
holders
to
be
alert
to
resist
attacks
upon
reasonable industrial
profits.
"Profits ate the keystone of the successful functioning of
our industrial
system," he said.
"They must be sufficient to attract
capital.
They must be adequate to cover present-day .patterns-of
security for workers. Expansion and replacement of plants and equip¬
ment at existing cost levels must
also be taken care of.
Whether
the
money
necessary
for capital expenditures comes f^om current
funds
and is used
on
a
'pay as • you go' basis or whether it is
secured
from
borrowings, which must
be repaid
later, all' of it
eventually comes out of earnings—past, present or future—If any
company is to be successful."
V;
The company's two Cuban mills produced 1,383,605 bags or 228,310
tons of raw sugar in 1948. Although this was 11% below the previous
After

1948

——

$474,993

—

LIABILITIES—

.

.

it

year,

the second biggest year

was

CONSOLIDATED

1'

FOR

Costs "and
for

deprec.

(
from

Interest
Profit

and

of

investments,

contingencies,

of

the

in

venture.

1438,349

—

—

and

689,144

/

{Included

expenses

2,089,327

in

above

are

operating

1948

|

$185,447

516,666

_.

COMPARATIVE

the

Dividends declared

8,285,405

V: 6,770,402

3,050,127

:::

per

Accounts

539,913

7,643,360

3,114,993
1,799,996

common

stk.

-

3,114,993
1,799,996

$10.07

pfd. stock—

on

10,244,778

$15.84

share

common

Affiliated

4,735,278

BALANCE

SHEET,

DEC.

{Advances

CONSOLIDATED

BALANCE

SHEET,

"

DEC.

31

and

$

12,997,725

11,182,844

21,824,500

associated

U,

__

S,

Government

Other

securities——..

marketable

Accounts

market;

less

(sugar at
materials

Fed.

taxes

on

13,159,500

estate

not

clue

amounts

U.

used

in

Company's
Dash

own

cost

615.04

21,568,586

34,847,246

growing cane,

1,632,154

51,252,944
1,825,738

;

charges

;

■

632', 650
2,047,143

payable,

drafts and process,

sugar
and

Cuban income

wages, social
Dividends payable
♦Pension

fund

taxes

—

stock

Miscellaneous
Federal

in

par

valueL

45,000,000

45,000,000

17,493,418

and

reserve

have

lor other

133,538,168 132,584,882
been

established

as

a

matter

of

the

»mortIzati(m

$48,111,458 in

and

1947.—V.

167,

obsolescence
p.

Long-term debt

of

$50,491,101

in

1948

and

,

Long-term

Net
Net

sales

—

—

31—

Sales—!

1948

1947-

$34,181,464 $31,443,431
charges and Fed. inc. taxes
1,477,891
1,803 443
____—

income after all

♦Earnings

per

common

share

$4.25

$5.20

♦After provision for prior
preferred dividends.
G.
was

a

Frantz, President, said the company's decrease in net income
the sharp decline in business volume
experienced

direct result of

during November

and

December

by

most

appliance^ industry.
ever

f<dt

all

segments of the home
said, was the sharpest

This drop in volume, he
by the manufacturers of major home appliances.

Mr. Frantz said that recent
slight modifications in Regulation W will
prove helpful to the appliance industry and that there now are indica¬
tions of improvement in the near future. Full
restoration of the appliance

industry, however,

strictions

on

he said,

down payments.




$2,416,848

$5,578,032

$5,069,496

income—

oper.

income

443,664

'

257,106

1,018,412

$2,673,954

$3,202,605

$6,596,444

780,316

v.;

deductions

40,230

21,863

debt._

109.985

137,581

215,380

288,512

funded debt

1,508,729

1,466,710

3,006,099

2,915,651

'633,174

635,047

1,267,049

1,270,401

$910,487

$412,753

$2,027,188

$1,336,159

1,694,426

1,798.074

136,113

938.182

______

funded

on

on

$5,849,812

80,728

.

interest

39,089

.

'

on

income

:

-

Tax

89,055

tax

a/c

Federal

6,401,948

6,617,190

a/c Railrcad

Railroad
income

Retirement

Act

Unemployment Insurance Act

taxes

2,000,213

.,v'i Total

"

404,550

$3,830,752

'
$760,476

$3,140,816

year_

1,374,000

——

of

Revenue

Revenue

24,000
48,000

4,954,260

for

is

lower.

16,193,735

17,328,954

$1,785,464

revenues___

$1,982,954

oper.

expenses—

1,615,883

jDr570,504

IFully liquidated in
.

36,555,210 {40,066,523

$4,111,625

$3,635,851

1,552,820

3,300,631

3,169,755

204,035

174,489

359,984

_j„____

179,694

164,686

412,570
364,137

Operating income/.
;
Nonoperating
income-

Br570,504

'*$16,658

$34,287

*$227,295

3,422

4,189

income

*$13,236

*$102,342

Gross

Fixed
Int.

1948. -1!After reserve?
1948 and $4,804,073
'
A: '

charges

on

Net

depreciation and amortization of $4,191,960 in
2534.
'

in 1947.—V, 168, p.

8.580,844

.

■

3,791,892

percentages of $253,520 in 1948 and $348,523 in
of which will be collected after a/year.' {At cost or

whichever

6,509,9lo

{19,670,886

oper.

Taxes

$11,630,015, $11,043,721

'{A portion

V

1949—2 Mos—1948

,' 6.718,280

7,876,699

Total

"Including retained
1947.

3,146,769

17,621,515

___

Total

4,954,260

4,073,540 t

capital stock reacquired)———

market

passengers.—

3,233,305■*

Depreciation

value

Total

pas'sengers

1949—Month—1948

miles

Transfer

200,000

—

(originally issued,
495,426 shares stated at $10 per share)
Earned surplus l
Treasury stock (stated value of 57,050.4 shares
par

205,000
44,282

174,000

.__—_—

(non-current)

no

21,924

86,779

——

(Including Baltimore Coach Co.)
Period End. Feb. 29—

92,517

78,593

—

■

352,8.08

160,000
a

1218.

Baltimore Transit Co.—Earnings—

759,548

374,329

income—

within

169,.p.

.___

$1,120,000

companies—-

contingencies

;

.

ser.

*$106,531

-

■/'.

7,937

9,264
*$218,031

,

—v_

11,710

22,946

48,658

50,237

97,797

*$73,331

debents.

333,407

$42,224

;

11,437

A

income

"Loss.-

-

*$164(289

*$78,519

{Adjusted for children and

students.- -V.

169,

p.

20,701
.

100,563

*$339,295

1218.

*

1581.

Apex Electrical Mfg. Co. (&. Subs.)—Record
Ended Dec.

307,379

$2,758,941

Excise

95,050
88,805

164,541

debt

for

Associated
Years

Cr 145,311

248,007

—V.

due

Capital stock of

administering

reserves

4,499,584

177,305

142,738

"Include:

187,500

137,500

State and local taxes

1,847,895
5,304,793

the company's pension plan, but the
right to make the fund and the reserve available
corporate purposes at any time.
{After reserves for deprecia-

company

5,366,404

Crll3,829

131,668

Net

:

associated

on

Reserve

18,726,789

♦The pension fund
convenience

taxes

Federal,

1,912,992

45,000,000

_____

2,066,496

168,693

195,000

195,000

—:

"

7,498,300

45,000,000

—

$60,724,075 $60,643,775

2,598,302

facility rents (net)

funded debt

payroll and expenses—

8,527,484

value)—11"

surplus

Total

$9,731,148

Contingent

/

2,182,785
1,846,404

par

($100

$4,512,253 $11,369,748

Fixed Int.

100,000

100,000

__

Si^ig Co.
(50(0
owned), at
in net tangible assets $272,-

and

7,801,093

6,927,300

($100

$5,657,604

int.

$255,950.15)

6,053,797

taxes

etc

reserve

Preferred stock
Common

security taxes,

50,912,627

from ry. opers.

rev.

Misc.

owned),

Trade

Other

Accrued

Earned

.

Affiliated

2,070,701

133,538,168 132,584,882

Reserve for U. S.

191,914

$11,630,015 $11,043,727

LIABILITIESAccts.

and

2-5,050,670 : 49,354,327

Fixed charges other than

$556,295.66)

(equity

Accrued

Total

1949—2 Mos.—1948

23,580,853

$29,238,457 $29,562,923

Total income

205,411

(equity in net tangible assets $537,and

Notes payable—banks
Accounts payable:'"
.

assets

1949—Month—1948

expenses-

505,612

121,217

[[Property, plant and equipment

50,571/303

cost

at

___

tFixed

Deferred

:

LIABILITIES—

shs.

168,

trustees.—V.

revenues-

Net ry.

(33owned),

Inc.

^Richmond Sand & Gravel Corp
at cost or nominal amount

2,625,000

5,000

$1,540,787

voting

Joint

87,177

270.671

1,908,757

4,670,000
632,650
1,624,650

stock,

to

7.12,163

etc..

pfd.

issued

operating

Other

Other investments,

3,721,120

550,022

operations—

are

Equipment rents (net)—"

joint

from,

'

Maryland

1,663,623

securities——

Government

S.

847.80

7,442,832

3,721,120

$1,529,816

.'.

—

shares

493,867

years

materials, etc

Constructors,

cost

The

lower of

Advances to colonos,
♦Pension fund:
J

at

485,736

average cost or
supplies at avge. cost)
at cost or less

157

39,776

operating

Net

314,985

115,372
and

to,

Arundel-Brooks Concrete Covp. (1007.

10,752,343

reserve

and

Security investments,
Real

5

securities—

receivable

Inventories

1,665,417

401,410

companies
inc. of prior

'

Cash

500

160

2427.

"■Railway tax accruals—

cost

at

1947.

$

on

1947

$295,550

1,277,075

:

Prepaid-insurance-and other expenses
Investments:

'

1948

dividends

/

Ry.

1948

.

trade

parts\nd

{Repair

National

ASSETS—

582

taxes

Baltimore & Ohio RR.—Earnings—

31

1,730,558

$3.69

"■Adjusted balance after charge for reduction in property accounts as
Jan. 1, 1947, amounting to $11,200,990.

of

:

Miscellaneous

3,114,993
1,124,998
\ :

——

11,929

22,406

44,537

source

Period End. Feb. 28—

receivable:

"■Contracts and

500,000

,

year..

on

declared

Earnings

17,015,180

4,798,797

ASSETS—;

Refundable

Net profit for

Dividends

taxes

contingencies——

at

8,669

24,284

income

on

4,500

2,610-

•———

—

Ry.

736,160

59,509

withheld

which

"Of

1947

$219,299

r

local. and miscellaneous Federal taxesDepreciation and depletion charges-—__

616,265

12,447,157
Prov. for U. S. and Cuban inc.
for

Total

p.

administrative and general

and

costs

State,

6,932,980

—

the following:

.

—.

tax

taxes

tLess

(thereto.

28,901

county

438,349

dividend of $100,000 received in L948- from incorporated
portion ($127,000) of Federal incotiie taxes applicable

408,757

maintenance—————

payable ——'

and

Federal

$474,993

;

assets

deferred

347,973

372,720

—

taxes——i————
Old age benefit and unemployment insur.

$719,996

in cash

paid

"'Including

$

16,635,358

for

347,973

value

_

Accounts

retained for

business—

,(

reduction of stated

City

8740,458

Provision

Reserve

$474,993

longer

no

(issued 14,161 shs.i

value

par

arising irom
capital stock

Federal

transferred to net earnings

use

(320,313

fixed

etc.

$519,996

.

no

surplus

Surplus,

381,511

for

reserve

"'Cap. stock of
Paid-in

recovery

1946

i

<3,131,3951'

2,806;611
11,758,013

.

of

Total

.'S 1;-/

.

dividends

sale

on

WiC>'

•

operations——

insurance

on

200,000

revenue

amortization

and

;•.

Profit

credit

special
gain

casualties

Net earnings
Reversal

245,124,382 302,160,948. 169,886,027
expenses.!—230,559,758 282,394,195 160,863,720

and miscellaneous

1948

Dividends

1947t
$

Prov.

/<

YEARS

CALENDAR

1948

Net sales

of

in the history of the mills.

ACCOUNT

INCOME

before

Earnings

1 {Special credit—net

requires

complete' elimination

of

re¬

Rayon

Statement—
The
ment

Corp.—To

Withdraw

,/

1

Registration
/

covering

effective

last

10,364

requested withdrawal of its registration state¬
shares of common stock (no par) which became

•'/'
No public offering of the scares was made.
The original registration
statement stated that it would be withdrawn "in the event that the
registrant do£s not sell at least 9,000 shares of tike stock hereby
offered on or before the 31st day of March, 1949, <Jt. in the event
that the registrant fails to acquire a plant site
ana\«buildings on
or before the 31st of July, 1949."—V. 144, p. 763.
September.

>-■'

Atlanta & Charlotte Air Line Ry.—Partial
There

.

Redemption

have been drawn for redemption on May 1, next, $148,000 of
33,4% bonds, due Nov. 1, 1963, at 101% and accrued
interest. Payment will be made at the Central Hanover Bank & Trust
Co., trustee, 70 Broadway, New York, N. Y.—V. 167, p. 1466. "V, •• '
\
first

Bangor & Aroostook RR.—EarningsPeriod End. Feb. 28—

mortgages

operating revenuesRy. operating expensesRailway tax accruals—

Ry.

corporation has

1

$1,616,204

$2,965,156

$3,066,238

879,638
336,825

£79,087

1,700,383

1,891,827

.275,675

559,250

519,960

$459,410.

$361,442-

$705,523

$674,511

'

Ry. operating income-„
JRent income (net Dt)
Net
Other

Inc.

ry.

oper.

income

avail,

income(net)

fixed

Fixed charges
Net
—V.

income

169, p. 1330.

chgs.

1949—2 Mos.—1948

1949—Month—1943

$1,675,873

-

-

24,188

23,743

25,029

32,068

$435,222

$680,494

$642,443

3,394

$337,699
1,474

4,412

3,732

$438,616

$339,173

$684,906

$646,175

*

45,867

46,343

$392,749

$292,830

-

91,786

$593,120

93,448
■"

$552,727

Volume

169

Barber Oil

Number

4791

THE

market

Corp.—Prepays $500,000 Notes—

Dec.

this

31,

there

1

corporation

prepaid

of

$500,000

and

notes,

$3,500,OOu of notes outstanding.—V.

were

169,

on

698.

p.

was'

30V2

&

shillings

FINANCIAL

each

Dec.

on

31,

CHRONICLE

1948,

the

or

equivalent

of $1,493,280, when converted at $4 to the pound sterling.
The company's French affiliate was
reorganized
within the
Prior to the reorganization, Blaw-Knox Co. owned 25,000

v

On

March

COMMERCIAL

past
shares,

year.

.having

>BcIl

Telephone

Bids for

•

the

debentures,

purchase

due

Broadway,
—V.

Co.

April

New

109,

York,
1330.

p.

as

whole of

a

15,
N.

1974, will
Y., up to

issue of $25,000,uu0

an

a
par value of 2,500,000 francs and representing 100% of the
outstanding stock. The capital stock was increased to 75,000 shares,
having an aggregate par value of 7,500,000 francs.
Of
the 50,000

Debentures—

Pa.—Bids for

of

25-year

be received at Room 2315, 195
11:30 a.m. (EST), on April 12.

shares

.new

Blaw-Knox

indebtedness

an

francs

;140

Bendix Aviation Corp.
3 Months Ended Dec. 31—

Gross
Net

sales, royalties etc. oper.

i,Provision

compared

for

•During

the

unfilled

of

Sept.

first

Commenting

on

Aaid:

"The

ations
'

is

"An

siveness

attainment

of

certain

at

quarter

of

industry
is

products

maximum

job

1

ago.

is

flexibility

of

still

much

very

It

satisfied

On

"The

has

it

and

Important
J

ratio

its

between

desire

ratios

to

is

than

the

to

open

that

obvious

earlier

the

for

the

the

financial

1948 and

businessman

to

31,

the

there

1948

11,731

Sales

of

were

recorded

products

.Interest,

Total

Cost

certain

11,887 stockholders of

one

conditions

record,

156

more

earlier.

year

from

of

Wear

and

&

administrative

maintenance

taxes

further

60,244

income

on

plants

plants

&

&

41,996,112

8,035,026

doubt
B.

"One

biggest factors making for success in such endeavors
is the building of a high team morale, with management, engineers,
production people and st ies forces taking up the challenge to maintain,

814.529

747,862

2,770,000

taxes

1,990,000

test.)

310,000

.sales

volume

by giving
ingenuity."—V. 169, p.

fullest cooperation

the

and using all

paid

Shares

capita]

Earnings

possible

!

Included

■directors

1,344,843

S2.87

$2.19

John

is

Whitney,

member

a

of

(bankers and members of the

the

New

firm

of

Riter

York Stock

held
&

ASSETS—

of

United

April

12

investment

States

Billings

Exchange.

calendar

Number

per

Earned
—V.

1948

common

1947

*

$177,564
72.820

$1.97

Nil

Other

Esti.
one

February—.
•Gross

from

Net

from

Net

ry.

—

railway

": v.,-::

-Earnings

1949

1948

1947

from

Net

$1,019,280

$895,088

*33,436

2,156

*262,0117

184,552

164,841

*21,769

Net

ry.

railway

2,053,658

1,947.270

*67,020

131,063

income

332.517

366,563

455,428

the annual meeting of

stockholders,

$20,702,854 in the first-quaiter
reduction effective March

buyers'

stated

market

that

in

of

1948.

first-quarter

which

the

481,422

not

is every

to

indication that
prior to

6%

Commenting

sales

demand

strong

to

reach

1949

1948."

position

mny year
a

expected

for

reflect

9-foot

levels",

sales

will

Wise

Mr.

meet

1948

pointed

be

continued

a

6%

in

$2,377,441

3,367,107

;

(.no

furnaces

and

350,000

repairs

*

value)

par

the

on

54

from

sales

the

on

2,952,290,

from

of

'All

other

168, p.

13,289,310

10,969,438

I

directors

of'the

company

and

to

return

a

and

equipment.

tRepresented
1947.—V.

27-inch

a

168,

by
p.

$19.80

$18.26

1,411.468

properties,
shares*- in
1948

2318.

$6,501,257

1949—2 Mos.-Li-1948

1.049,829

1,154,503

489,863

485,706

he

out

said.

for

income-

40,606

81,109

74,793

$251,792

*

•

After

all

deductions.

Chairman

reelected

were

of

in

board

the

the

at

meeting.—

Blaw-Knox

?,■;

1947

$289,794

$132,704

$22,069

198,500

$503,985

*$661,044

of

as

Dec.

Co.—Annual

:$29,500,000
Which

began:
during

and

the

31,

and

other

was

$5,921,700

Report—William

•

P.

$2,943,701,

shares

1948

year

booked

outstanding

$2.19

or

with

an

order

backlog

business

new

l;

outstanding.
During the year

machinery
In

and

addition

at

of
rate

a

wefe

acquired

Dec.

31,

1948.

1947

on

This compares
1,344,843 shares

>

v.

$1,225,686

for

the

on

share earned in

per

then

with

was

replacement

physical

spent

of

additional

for

worn-out

assets

of

The. Foote

[As

of

May

stock.

1943

1,

buildings

obsolete

or

Co.

valued

■

and"

equipment.
at

Blaw-Knox

$793,585
Company

acquired

all capital stock of The Foote Co.,
Inc., of Nunda, N. Y.,
in exchange for
66,625 shares of Blaw-Knox Co. stock.] It is estimated
that
a
cash
outlay of $1,500,000 will be required to complete the

improvement
The

.<

of

foeen

•all
•or

Blaw-Knox

$16

"-action.
■of

program authorized but unfinished on Dec. 31, 1948.
worth of The Foote
Company exceeded the market value

net

the

a

share

at

Accordingly

$8V3

each,
previously

8510,792,

■-At

stock

given

April 30,
the"

new.

in

exchange, the market value having
1948, the effective date of the trans-

shares

were

recorded

at

a

stated

value

$555,209, this being the stated value per share of
issued shares, and the balance of the consideration,

or

The

credited to capital surplus.
time Blaw-Knox Co., owns 36.2%, or 244,800 ordinary
Blaw-Knox Ltd. The value of these shares on the London

Commercial

and

1947

$8,500,831

4,316,960

902,450
1,757,019

1,586,625

$1,893,600

expense

$1,723,798

_l__

Other

income

income)..—__—

on

(net)

373,449

117,399

129,238

$2,010,999

$1.853,03ft

504,770

411,295

$1,506,229

$1,411,741

506,139

380,30ft

$1,000,090

$1,031,435

$0.74

;

$0.7?

—_____

Income

Gross
Income

—

—

deductions

Net

income

'

and

...

preference dividend requirements

Earned

—V.

for

for

169,

stock...

common

share

common

1003.

p.

California Oregon Power Co.—Annual Report—
A.

S.

Cummins,

Our
and

President,

states:

.

five-year

plans contemplate a considerably expanded economy
larger company. A construction budget, of $8,100,000 has

much

a

approved

for 1949, and a conservative forecast for the following
indicates the need for average annual expenditures of better

four years
than

$9,000,000.

fulfillment

The

of

require
new
money,
even
up
to
doubling the company's present capitalization.
On

Jan.

$50,000,000,

gen.

19,

is

off

pay

On

Jan.

the balance

24,

imburse

1949,

its

owed

under

former

a

the company borrowed

agreement of

The balance

the

of

credit

to

the

extent

for

Prov.

further extensions
this

Because

and

type

additions.

of

borrowing

is

limited

in

during the second half of 1949.

outstanding

repay, without premium, $4,500,000
promissory notes and to finance in
program

$141,501

$323,046

$1,515,664

and

April 1, 1948, the company sold $4,500,000 of first mortgage bonds
100,000
used

Any

sale

1,204,109

1°46

36,709.805
1,420,764
970,089

$1,919,612

Earnings
share

141,768

$1,706,622

$2,061,380

$583,656

137.335

173,203

90,482

604,000

—-—

taxes

775,500

231,900

slock

common

stock

36,218

S884.583

$1,078,692

$225,055

$3.40

$4.15

$0.86

BALANCE

SHEET

ASSETS—

In order
It -is

Notes

and

and

notes

accounts

Inventories

accounts

rec—less

receivable—secured

res._.

by

Sundry

Land,

held

accts.

1,583,375

eration

at

timber,

timber

Property, plant

and

expenses

securities

which

".

resale—at

cost

3,977,481

10,950

407,638

3.031,967

submit such changes to
meeting in May, 1949.

the annual

OF

revenue

INCOME

YEARS

times

ENDED

"

Taxes

taxi

(other than

Federal income

Federal income tax

:____

■;

lease of electric plant

income

$500,000

payable—trade and sundry
;
Employees' Federal income taxes withheld—--

519.001

38,610

32,037

Accrued

167,806

414,264

payrolls, taxes, etc
Prevision, for State taxes on

Prov.

Total

for

1_
inccme__

'4 %

cumulative

Common

stock

taxes

on

income

preferred

(pa;

stock

$2.50)____-

Paid-in- surplus
Earned

surplus

Total
-V.

$501,837

I.:

54,000

127,275

1.205.492

1,315,000

190,583

Federal

reserves

582,803
705,928
984,535
547,260

$2,726,746

.

$2,373,535

:

___•

244,062"

6,580

242,799

$2,482,685

$2,130.73?

Dr2,965

17,544

$2,479,719

$2,148,281

513,933

596,253

$1,965,780

$1,552,025

(net)

income

]

deductions

income

Preferred

Common

dividends

;

Number
Earned

414,788

dividends
of

common

655,203

shares

common

per

183,643

1.550,000

1,725,000

650,000

650,000

991,696

991,696

5,588,331

512,302

840,000
550,000

450,009

share

$2.82

$2.31

BALANCE

SHEET,

DEC.

31
1948

1947

$48,389,616 $41,888,483.
investments

474,934

on

hand

and

demand

deposits:

Working funds
Accounts

690,212

1,319,886

_____

___;

2 ,454,470

725,900

operating income...

Net

Total
—i

1947

$7 ,655,053

6,580
1,171,400

_•

operating revenues

Gross

Cash

payable

31

720,997

$11,455,522 $10,900,488

LIABILITIES—
Accounts

cons.d-

645,616

1

____

investment._

170,007

'

Notes

1,011,51?

13,135

410,74?

622,447

I_

9,993

516,745

receivable—customers

Materials and supplies
Accounts receivable—other

522,062

37,785

66,743

490,816

126,42?

Prepayments:
Taxes

____"

Other

______!

I—II—

15,576

Total deferred charges
Discount and expense on
capital stock—

23,25ft

163,321

756,233"

380,592

349,704

4,959,733
Total

$52,424,852 $45,855,381

$11,455,522 $10,900,488

169, p. 1003.

(Continued

Financial

on

page

7)

Chronicle (Reg. U. S. Patent Office)
William B. Dana Company, Publishers, 25 Park Place, New York 8, N. Y., REctor 2-9570.
Herbert D. Seibert, Editor and Publisher;
William D. Riggs, Business Manager.
Published twice a week [every Thursday
(general
news
and
advertising issue)
with
a
statistical
Issue
on
Monday).
Other
St., Chicago 3, 111. (Telephone State 0613); 1 Drapers' Gardens, London,
E. C., England, c/o Edwards & Smith.
Copyright 1949 by William B. Dana Company.
Reentered
as
second-class matter February 25, 1942, at the post office at New
York, N. Y., under the Act of March 3, 1879.
Subscriptions in United States, U. S. Possessions, Territories and Members of PanAmerican Union, $35.00 per year; in Dominion of
Canada, $38.00 per year.
Other Countries, $42.00 per year.
William

Dana

qffices:

135

S.

Seibert," President;
La

Salle

:.

NOTE:

On

account

of




the

fluctuations

in

the

rates

of

exchange,

remittance

for foreign subscriptions

be

2,956,927

'

:

DEC.

$8,954,167

ASSETS—
Total

will

adequately
conservative,

to
a

stockholders for

;

____

2,942,132

287,163

,

262

292,903

etc.
equipment—net

21,136
198.593

236

reserve

1949

in

ability

all

Frovision for depreciation
Prov. for amortiz. of limited-term

Other

of

may be able to carry through our program certain
company's articles of incorporation will be required.
to

Maintenance

Income

216.161

rights,
_

its
at

Operation

Net

sale

company's

138,112

4,825,720

cost

current...

less

follow

may

1948

Rent for

this

amount

the

part

24.038

69,090

*

"

ror

reeeiv.—not

investments—at

Prepaid

1,212,787

cut

receivable..

'

etc.,

and

we

from

principal

$1,437,714

19,772

accounts

TrucksNotes

and

June 30,'48

$1,488,767

hand__

on

land

over

Sundry

that

intention

our

proceeds

for this year.

corporate

amendments to the

Net

D3c. 31,'48

banks

Customers'

$261,274

33,984

._

COMPARATIVE

in

$1,112,677

30,703

shares

260,000

The

132,982

$915,286

on
on

stock.

common

$450,674

213,627

__.

preferred

on

of

of

upon
the
company's
known
needs,
service, and the determination to maintain
properly balanced, capital structure.

1947

1.514.445

income

Dividends

shares

to

based

1948

temporary

and

scope

to be later replaced by long-term financing and permanent
capital, new offerings of corporate securities can be expected some time

393,337

—.

expenses

re¬

in character,

384,642

$1,492,995

income

to

required will be used to finance)

196.690

income

—

1947.

July,

additional $500,000

an

treasury and for extensions and additions to its properties.

STATEMENT

income

would
than,

National

were

expense._

income

more

1949, the company signed a credit; agreement with Tho
Bank, New York, and, other banks, under which tho
entitled until Dec. 31, 1949, to borrow up to an aggregato
of $10,000,000 to mature not) later than Dec,
31, 1950.
Simultaneously
with the execution of the
agreement, $4,500,000 was borrowed and used

Chase

593.991

1330

p

undertaking

such

any

obviously

588,381

was

the present

Shares, of

698.

5,265,969

192,165

and

Withe-

<

1,411,468

dividend

$9,819,038

288.166

$12 674,017 $11,631,035
3.007.440
3,123,722

Miscellaneous

exceeded

the

169,

admin,

Total

Per

production. As a result the backlog grew to $39,000,000
year-end, a reasonable indication of satisfactory volume in 1949.
Billings of shipments and services in 1948 amounted to $68,700,000
tip $13,100,000 over 1947 and a record peacetime year.
-The company's net
profits in 1948, including the profits of The
Foote Co. for eight
months, amounted to $4,050,895, or $2 87 a share
on

made

each

1948

(incl. Federal taxes

Operating

com¬

as

2679.;.

p.

•at the

With

1949.

Subs.)-^Earnings—

...

287.045

etc.

$162,636

Miscellaneous

Net

amortization,

1948,

year

the

(&

Operating revenues
Operating and maintenance expenses-—-

132,708

profits

Selling,

Cash
company

10,

additional

an

*$528,336
*

Nil

part:
The

increased

1948.—V. 169, P-

145,992

sales

Gross

President, in his remarks to stockholders, said in

row,

2.

in

cents

15

$649,977

(El L.) Bruce Co. (& Sub.) —Earnings—

198,500

$0.67

$0.87

Dec.'31, 1947 —V. 168,

on

on Dec.
10 disbursed
total of 75 cents paid in

a

May

company

been

March
of

53,561

Six Months Ended Dec. 31—

Net

f 1946

198,500

share

books

payable

distributions

$343,355

charges

"Deficit.—V,

and

tLoss.
the

had

share

per

record

by the

company

making

cents

of

rate

quarterly

cents,

20

paid

64,782

deficit.

Net

Net

charges; including depreciation,

Business 'on

20

to

quarterly

of

holders

to

construction

interest,

Contingent

is in
popular

$173,170

outstanding:-——

pared with $6,103,700

share

four

10

dividend

the

ago

dividend

a

June
cash

$316,574

_

income

Rentals,

company

fabrics

1948

common

months

per
to

the

year,

On

Gross

there

"However,

the

that

demand

Calendar Years—

per

to

receiver

a

912.206

33,497

rents—Dr

ry. oper.
income

Other

574,439

223.047

Rents—Dr

fac.

Net

r

Earnings

cents

payable

consecutive

Three

company

$7,903,357 $13,486,737 $15,195,757
6,508.655
11.366,108
13.715.299

5,487,396

expenses

carpet

Steel Foundry & Machine Co.—Earnings—

"Net profit
Common shares

appoint

Calendar Years—

to

1949—Month—19^8

revenues..

Equipment

..

Birdsboro

15

been

$37,479,060 $33,018,492

outstanding capital stk.

505.525

Joint

the

2539.

stock,

193rd

15 cents,

11,207,036
2.378,937

Boston & Maine RR.—Earnings—

■

V.

the

addition

In
last

294,000

2,889,729

Taxes

price

Mathieson
Chemical
Corp.,
and
Robert
G.
Page,
Phelph Dodge Corp., were -elected by the stockholders.
.Mr. Page is also a director of the
Fiduciary Trust Co., of New York
:and Edo Aircraft Corp.
'■
•
of

could

Court

1478.

p.

March 31 declared

on

common

is

years.

93,000

11,762,245
-

Period End. Feb. 28—

the

of

President

Supreme

166,

2,746,350

-3,073,039

1;344,843 shares in

Operating
Operating

substantially higher than in

■demand, including carpet in wider widths.
Two new directors, Thomas S. Nichols,
President

State

Job.—V.

Burroughs Adding Machine Co.—To Pay 20-Cent Div.

Earned

$2,747,630
income

on

deducting reserves of $10,229,628
in
1948
and
$9,367,722
("Balance of $93,000 at Dec. 31,
1948, included with estimated
and
exhaustion deducted from gross book value of

wear

slackened, and also a return of the seasonal pattern of buying
part bf retailers. He also noted that higher carpet prices pre¬
vailing in 1949 have reduced, the size of the market. "Sales for the
are

or

$37,479,060 $33,018,492

_,_!

plants,

the

year

the

the

The. directors

320.088

has
■on

officials.
They
try to influence

Co.

control

.9,225,790

1947.

and

28,'amounting to an average of 2% oh the
■company's woven wool rugs and carpets, Mr. Wise observed that this is
made possible by recent reductions in wool
prices.
Wise

in

28, James DeCamp
first-quarter of the

President, reported that sales during the
year are expected to show a decline of approximately
■of

rebuilding

■

March

on

Wise,

JMr.

for

stock

Book value per share of

36,643

Bigelow Sanford Carpet Co., Inc.—Sales Off
First Quarter—Two New Directors Elected—
At

taxes

Total

;

V

1106.

p.

Holding

gain

750,000

8,933,356

:

liabilities

surplus

*462,573

169,

Railroad

12,716,697

9,996.529

surplus

1,053,471

213,159

oper.

over

$4,249,886

"After

2,447,456

''Deficit.—V.

750,000

allowances to pustomers payable later than
year from date

$492,037

99,748

railway—___

from

Federal

Earned

1946

From Jan. 1—

"Gross

the New
holding

dissolution

in

payable—trade:

Capital

156,499

income...

the

the

Boston & Maine from too
past, however, the New Haven
the B. <fe M. through toe-

the

control

Boston

Taxes

delivery of products and services. Cr4,268,647 Cr3,775,659
long-term receivables
574,686
598.334

current

^Capital

$1,206,508

railway__

oper.

customers

.;___

Estimated

72.820

$3.75

Erie RR

from

said

of

the

of]

In

effect

1947

13,788,770

;

Frovision

Lake

date,

over

Preferred

$22,986

72.820

shares
—

Bessemer &

31

12,031,154

plants," and equipment
chargeable to future operations

Costs

1254.

p.

cost).

Properties,

Accounts

1946

$307,719

.

share

167,

of

collections

control

Corp.

exercise

by

controls

now

one

LIABILITIES—

Years—

after taxes

tat

.

and

advance

securities

to

Court

Supreme

contended

transfer

Pennroad

S.

which

California Electric Power Co.

Investmentts and

Hedges--Earnings-

of

Government

'

to

Total

Net prolit

DEC.

1948

Inventories

'■

&

SHEET

Haven

.

U.

RR.

Pennroad
actually will
policies if it does gain it.

Depreciation
BALANCE

.

Receivables

on

Co.,

-

$4,125,146

board

the

to

'The ether four nominees, all of whom are presently members of the
iboard, are as follows:: Hector J. Dowd (Chairman), Judson S. Sayre
(President), E. W. Ross (President of CPA Co. I and Monroe GoldTvater (member of the firm of Goldwater &
Flynn, attorneys).-—V. J69,
J). 1330.

Benson

...

Cash

the

to

Hartford

The liquidation of the holding
company was provided for in a 194Q
Act of the Massachusetts
Legislature.
This law specified that if the
holding company had not taken certain steps toward dissolution by a.

1,479,327

1,411,468

outstanding

CONSOLIDATED

Appliances, Inc.—-Whitney Board Nominee

among
the live nominees for election
the-stockholders' annual meeting to be

at

stock

share—I.

per

798.
!■:

Bendix Home

of

RR.

decision of the Massachusetts

a

$2,943,701

1,731,023

v

_•

New

company,

M.

liquidation

for

Maine

130.000

$4,050,895

Dividends

and

to

&

the

that

&

1,150,802

equipment:.-.

income'

Net

the

of

to

28

Boston

the

holding company dissolved.
Barring
the next step will be the appointment of »

appealed

attempted

holding

resourcefulness.

j

not

7,018,823

1,336,579

equipment

(est.)

Pennsylvania & other income

$55,977,300

51,934,078

expenses-!

of

of

was

Haven

New

Haven

has

ordered

March

way

of

proceedings,
the Massachusetts court.

company.
The
order would be

291,001

82,352

$69,251,107

which

court

case

York,

New

the

stock

1947

440.282

■_

Supreme Court cleared

Court

receiver by

This

exhaustion

Federal

"Flexibility of operations is more than ever necessary if forwardlooking and inventive industrial organizations are to casn in on then;

inc.

S.

Supreme Court refused to upset

Supreme

$68,728,473 $55,626,055

miscellaneous

companies
;

U.

The

certain

products and services sold

Repairs &

:nost
1949.

&

The

of,the company which holds the

take

CALENDAR YEARS

'

services

discts.,

foreign

revenues

Selling

what

and

purchase

Dividends

the

in

if

at

3

Boston Railroad Holding Co.-Supreme Court Upholds
Dissolution Order—

The

1949.

1948

for

this

But

of

at

were

reorganization was con¬
the French Management

aggres¬

with

better, is one
keep in mind

shares,

oper¬

demand

ohers.

for

contentment

public's

something

own

Dec.

than

-only magnifies the challenge to the resourcefulness of businessmen
generally in designing, making and selling.
"More appealing product improvements are vitally needed to main¬
tain a high level of sales
and employment,"
Ferguson told stock¬
holders.

which

CONSOLIDATED INCOME ACCOUNT FOR

and' business.

being

efficiency

and

2,450

cancel

stock of this French affiliate.

31,

today.

market

consumer

purchased

to

par

The

provided for the acquisition by
Company of additional shares

the years

at

In accordance with this
agreement
Nov. 30, 1948, so that at the present
time Blaw-Knox Co. owns 65%
of the stock,
An additional 5%,
or
3,750 shares, will be transferred to the Management at the end of
the
1949 fiscal year if the contract conditions are met.
Thereafter
Blaw-Knox
Co.
will
own
60%
and
the
Management
40% ' of
the

slight decline in the backlog
books from $162,000,000 at

a

Dec.

and

shares

remaining
15,000 shares
Management at 140 francs each.

11,250 shares were transferred

$2,177,226,

was

year

a

francs,

$1,137.

by

32,550

Blaw-Knox

met in

are

$0.65

1948.
the outlook for 1949, Malcolm P. Ferguson, President,

industry's No.

active

was

corporation's

$157,000,000

the

$1.05

quarter

same

there

the

on

to

for

taxes

for the

quarter

orders

1948,

30,

$1.47

—

income

$1,470,447

from

acquired

3,255,000
for

French

agreement

summated

1946

..

The

inc. $49,586,998 $38,991,753 $22,332,814
3,102,625
2,224,306
1,385,212

______

Federal

with

1947

1949

income

Earnings per share

|

(& Subs.)—Earnings—

of

each,
by the

purchased

Co.

(1443)

and advertisements must be made In New York funds.

4

(1444)

Listings
The

THE

.

total

of

additional

securities listed on
the New York Stock Exchange for the calendar year 1948

aggregated

$3,550,879,327.

since

total

&

FINANCIAL

CHRONICLE

This

the

is

smallest

•Total
Eonds

Issued for New

Old Issues

Capital, Etc.

Now Listed

& Stocks

annual

1945

when $4,480,104,379 was reported and
$4,794,293,468 for 1947, the latter being
any single year since 1930 when $7,632,633,397 was recorded. We wish to note here that the
foregoing totals exclude all government securities both
foreign and domestic, which are shown separately in a
subsequent table.
■■[.;/
:/J

with
the largest for
compares

Replacing

RR. first and refunding 3%s of
2003, issued to provide
capital expenditures; $37,396,000 Central Pacific
Ry. first
mortgage 3%s of 1968, issued for refunding purposes and

Total Bonds

Old Securities

and Stocks

•

S

6

1948

2,337,310,532

194,908,254

1,018,660,5413,550,879,327

three issues

1947

2,177.473,747

356,025,442

2,260,794,279

4,794,293,468

Ry., issued

1946

1,363,186,905

240,189,359

2,584,174,754

4,187,551,018

Public

$

'

$

1945

450,904,270

151,298,623

3,877,901,486

4,480,104,379

1944

357,057,340

98,741,399

1,685,673,418

2,141,472,157

1943.

157,292,568

325,606,148

773,088,996

1,255,987,712

1942

360,851,579

5,244,688

655,568,417

1,021,664,684

519,341,886

86,113,945

1,097,271,851

1,702,727,682

actual

listings for 1948 compare favorably with
corporate financing for the 12 months as repre¬

1941
1940

133,795,549

44,717,892

1,042,081,856

by

1939

283,185,045

117,319,144

1,099,148,506

market.

shown in

[Full

details

article

our

the latter

regarding

•Government

were

the New Capital Flotations for
in our issue of Jan. 30, pages 487compilations constitute an accurate
on

The

latter

index of

new financing done and cover the entire coun¬
The Stock Exchange listings relate to an entirely

try.

different

They embrace not only new but also
have just found their way to the
Exchange, and they relate only to the New York Stock
Exchange, by which we mean that they do not include
listings of any of the other stock exchanges of the coun¬
try.
They also include securities replacing old securi¬
ties, which process occurs chiefly in cases of reorganiza¬

Note—Applications
securities

which

marked

securities

and domestic,

not here

included,

for

the

listing of

"assented"

stamped

(if

"assumed"

company

trust

preparatory

receipts

to

In the

following

wo

classify the figures

cate the amounts under each

road,

public

utility

industrial

and

listings

corporate

the largest in amount of any

single

year

since 1930 when

included

to indi¬

as

and

of

miscellaneous

7

$

$

Public

Railroad

$

f

$

Utilities

255,250,000

322,457,100

638,930,325

1947.

829,523,701 1,701,532,600

241,742,850

332,447,056

194C.

834,505,096 1,042,566,700

672,902,300

594,942,436 1,094,104,825
315,450,139 1,205,140,308

1945.

1,444,934,050 1,437,914,000

116,986,475

925,609,403

56,133,800

178,936,644

451,731,400

146,559,687

477,335,746

1943.

100,700,800

70,621,400

122,179,000

1,782,600

337,200,828

623,503,084

aggregated $1,829,200,225, contrasted with

1942.

265,894,041

210,588,000

214,954,000

121,688,800

67,284,590

141,055,253

1941.

$2,296,475,036 in 1947, $1,358,016,839 in 1946 and $1,616,-

75,580,200

586,084,900

451,581,500

55,073,067

-1940.

380,529,800

115,825,200

363,724,620

83,938,100

1939.

62,263,500

543,823,100

408,418,500

Corp. 3% debentures.

944,625,985

286,837,000

ed during 1948

The 1947 total

850,644 in 1945.
and

compares

reached in

the

with

the largest

was

previous high

record

on

29,406,019

cluded ..in the above, tables.

listed for the past 10 years:

counted for

in

ac¬

capital issues

$2,337,310,532,

were

as

against $2,177,-

473,747 in 1947, $1,363,186,905 in 1946 and $450,904,270 in
1945, while old issues being listed for the first time ag¬
gregated only $194,908,254,:as against $356,025,442 in 1947,

'V

$240,189,359 in 1946 and $151,298,623 in 1945.

total

of

1947,

$2,549,974,096 in

Railroad bonds in the

1946
same

and

$3,300,407,950 in

1945.

period accounted for $218,-

compared with $829,523,701 in 1947, $834,505,-

as

096 in

with'$2,772,799,151 in

$1,663,882,499 compared

1946 and

$1,444,934,050, in 1945, the largest since

1930, when the grand total

was

ity

aggregated

bonds

listed

in

-

1948

$940,401,837. Public util¬
$1,190,269,900,

against $1,701,532,600 in 1947, the highest

on

as

record, and

$1,042,566,700 in 1946 and $1,437,914,000 in 1945.

Indus¬

trial and miscellaneous bonds listed in 1948 totaled
$255,-

250,000,

as

1946 and

The

against $241,742,850

in

1947, $672,902,300 in

$417,559,900 in 1945.

aggregate

of

stocks

1948

footed

up

637,576,922 in 1946 and $1,179,696,429 in 1945.
railroads

accounted

./.

.•

/.

•

1947-1.

2

as

$332,447,056 in 1947, $116,986,475 in 1946 and $56,133,800
in

1945.

with

Utility

stocks

totaled

$638,930,325

compared

$594,942,436 in 1947, $315,450,139 in 1946 and $178,-

936,644 in 1945.

Industrial and miscellaneous stocks add¬

188,668,016
90,000,000

1942

up

to $925,609,403,

as

against $1,094,104,825 in

1947,

.-87,519,930

•Includes

the

following tabulations

how much of the

We

purposes.

LISTINGS

Issued for New
•Bonds

Capital, Etc.

/ .'
1948

ON

NEW

Old Issues
Now Listed

1947

690,635,481

ing

or

1945

160,500,000

of corporate

amounts

Old Securities

are

2,772,799.151

1,845,838,615

2.549,974,096

3,300,407,950

AND

LISTED

ON

THE

NEW

895,345,324

1,065,845,324

262,210,800

293,501,200

1941

369,334,643

743,911,957

1,113,246,600

1940

73,693,000

786,386,620

860,079,620

850,864,956

492,196,541

Railroad

Public

Old Issues

691,436,041

Replacing

Capital, Etc.

Now Listed

Old Securities

Total

$

$

1948

853.535,961

194,908,254

838,552,613

1.886,996,828

1947

872.863,689

356 025,442

792,605,186

2,021,494,317

1946

672,551.424

226.689,359

738,336,139

1,637,576,922

3945

"342,034,873

151,298,623

686,362,933

1,179,696,429

1944

•'

196.557,340

88.741,399

790.328,094

1,075,626,833

1943

126.002,168

325^606,148

510,878,196

962,486,512

1942

361.612,079

5.244,688

163,371,876

:

150.007,243

86,113.945

3^3,359,894

1940-—

CO 102.549

44,717,892

*28.662,401

108,202,644

1941

393S__i




255,695,236

248,283,550

value)

par

330,228,643

/

shares

421,124

shares

200,000-shares

(no

Utilities

of

Columbia

Gas

shares

(no

par

(Ky.)

and

5,500,053

Co.

System, Inc.;

value)

of

Louisville

common

and

miscellaneous-stocks

listed

shares

included

$28,518,624 capital stock of Texas Co.; 860,771
(no

par

common

value) of Sun Oil Co.; $120,913,550

stock of Standard Oil Co. of N.

mon

com¬

J.; $26,000,000 4.50%

preferred of R. J. Reynolds Tobacco Co.; $20,000,000 4%

preferred of Solvay American Corp.; 250,000 preference
B shares of Monsanto Chemical

stock

of

452,335

Halliburton

Oil

and

common

Well

:

following

Co.; $32,800,000

table

preferred

'/

shows

common

Cementing Co. and $12,-

$6,000,000

Skogmo, Inc.

of

Gamble-

"

at

glance

a

bonds listed and authorized to be listed

on

government

the

Exchange

during 1948:

S

Chile.

Republic of,

due

Miscel.

$

$

$

par

common of Public Service Electric & Gas Co.

-Industrial

and

Railroad

Miscel.

and

•

common

Co.;

Amount

Indust.

and

Utilities

1,916,805

Power

Dec.

The

1,

external

sinking

fund

dollar

bonds,

1999—.——

purposes

$131,262,000

account of which the several bond

on

1948_

and

1947
______

1946

23,200,000

1945

11,642,200
22,992,191

stock issues listed

RAILROAD
;

1943—

'

during the

issued

are

BONDS

LISTED

DURING

THE

YEAR

1948

■■

Company and Class of Bonds—

Amount

Purpose of Issue

_

Central of Georgia Ry.:
_

1st

1940.

SECURITIES

OF

AMERICAN

COMPANIES

OUTSIDE

ISSUED

UNITED

FOR

series

Central
1st

-STOCKS-

Railroad

Utilities

$

Indust.

and

Public

Railroad

Utilities

$

$

1st

$

$

1948—

$11,853,300")

4I//2S

938,000)

mtge.

Pacific

mtge.

Ry.:
3%s series
Isl.

B

1968

Pac.

&

RR.:

mtge. 4s series A 1994—_

37,396,000

mortgage
series

4J/2S

.

A..:.

J

v

Issued per reorg. plan
11

conv.

2019

A

Refunding

30,917,000
/:

General

income

1946—

Gulf Mobile

50,000,000

121,940

1945

1st

&

ref.

Collateral

1944—

Kansas

1942—

1st

1941—

Issued per reorg. plan

j
12,542,000J

-

Miscel.

$

4],2S

income

2020

Chicago Rock

and

Miscel.

1995

income

mtge.
A

series B 2020

FINANCING

STATES

-EONDS-

4s series A

mtge.

General
General

34,507,850

City

mtge.

<fc

Ohio

4s

RR.:

series

1975—

562,500

1968—

7,000,000

Southern Ry.:
3®8S series B 1968

14,000,000

trust

Issued per reorg. plan

B

334S

Exch. stock of constit. cos.
Purchase equipment

Repay promissory notes

Lakefront Dock & RR. Term. Co.:

1940—

1st mtge. gtd. 3!es ser. A 1968

1939—

Louisville

As

was

year were

given in the following tables:

1944

1942

noted

aggregated

Issued for New

$

EXCHANGE

by $185,-

STOCKS

In dust.

Public

1,014,505,100

S

STOCK

,

value)

par

common

preference

The

YORK

led

was

(no par value) and 6,057,439 shares (no par value) $1.40

listings in the above.

1943—

31,290,400

Stocks

acquir¬

Illinois

of

1947

199,239,500

9,116,500

of

included in* the totals

BONDS

Total

1,663,882,499

1943

154,523,644

securities

SECURITIES OF FOREIGN CORPORATIONS PLACED
IN THE UNITED

Public

1942

1939-:

of

and secondly, the amounts

se,

Both amounts

Replacing

3,191,538,553
10,000,000

the

Indust.

1,468.189,093

108,869,397

1944

show

financing and developing properties outside the

United States.

s

13,500,000

per

OPERATIONS

180,107,928

1,304,610,058

—

first

of securities of American
corporations issued for

EXCHANGE

S

1,483,774,571

1946

STOCK

to

listings in the above-were for foreign

give

foreign corporations

years:

YORK

undertake

we

includes

also

Electric

shares
In

(no

(no

Gas &

I 9,985,716,100

$315,000,000 of.City of New York.corporate stock, tlncludes
$1,364,000 City of New York Corporate stock.

and

value)

1,068,703

23,312,974,916
22,156,383,100

t6)788,572.200 .i?u6353,885,700
•2,838,421,350
* 2,848,730,550
2,581,369,900 '
2,668,889,830

10,309,200

1939

shares

2,000,000

The following tables embrace the record of
aggregate

CORPORATE

65,313,500

.

1940

public utilities

value) $4.52 preferred of Consumers Power Co.; 1,223,000

12,142,842,500

.9,985,716,10(7 i
;

Co.,

par

common

_;.U

5

1939.

$1,205,140,308 in 1946 and $944,625,985 in 1945.

corporate listings for the last 10

22,066,383,100

^

—1
J.

+

513,504,200
31,090,398,500

31,045,398,500
12,142,842,500
23,124,306,900

1943—

1941

ed

L'

-

45,000,000

1944

(no

Total

-

513,504.200
.<*

graph

131,262,POO

1945

to

against

...5

:

issues of the

623,800 capital stock of the American Telephone & Tele¬

..'.v.

-

York, New Haven & Hartford RR.

Stock

•

•

Securities

—

1946

Pacific

New

STOCK. EXCHANGE

131,262,000

Of the 1948

$322,457,100,

YORK

$

-v

$

for

NEW

(incl. Canadian)
"V'>

$1,886,996,828 compared with $2,021,494,317 in 1947, $1,total,

/v

ON

Foreign-Issues--U.S. Gov.

1948

STATES

listed in

LISTED

•

1941

Total corporate bonds listed in 1948 reached the ^rand

362,599

BONDS

$1,018,660,541, compared with $2,260,794,279

1947, $2,584,174,754 in 1946 and $3,877,901,486 in 1945;

new

GOVERNMENT

common

RR.; 337,246 common. shares (no par value),
$14,814,300 (v.t.c.) preferred stock of Central of
Georgia Ry. and 468,393 common shares (par $100) of

authorized to be

or

1,520,789

and

.

in

refunding issues

&

233,372,850
390,598,770

The > following* is the aggre¬

gate amount- of ^ch^issues. listed

Of the "total of all securities listed

the principal stock issues listed
shares (no par value) and $75,000,000 series A preferred stock of Chicago Rock Island

505,001,996

43,204,727

94,548,825

listed totaled $1,180,859,403 compared with $1,335,847,675

1947, $1,878,042,608 in 1946 and $1,362,185,985 in 1945.

In the railroad group

were

Government issues, foreign -and -domestic, are not in¬

of $2,026,334,793

Industrial and miscellaneous securities

1930.

33/8s

Among the industrial and miscellaneous bond issues
were
$80,000,000
Westinghouse Electric
Corp.
debentures; $60,000,000 R. J. Reynolds Tobacco
Co. 3% debentures; $40,000,000 American
Airlines, Inc.,
3% debentures, and $30,000,000 National
Dairy Products

$

218,362,599 1,190,269,900

417,559,900

Public utility securities list¬

Co.

2.65%

Miscell.

$

■

1948.

302,462,000

reached.

Electric

listed

476,546,324

was

&

System, Inc.)

Indus. &

..

1944.

$1,686,375,993

Gas

33/4% debentures.

Indus. &

Miscell.

Pacific

Co. 3% convertible debentures and
$45,000,000 Columbia
Gas & Electric Corp. (now Columbia Gas

-STOCKS-

Public

Utilities

$75,000,000
$57,382,-300

1982;

Consolidated Edison Co. of New
York, Inc., 3% convertible debentures; $50,000,000 Com¬
monwealth Edison Co. first 3s;
$46,649,500 Detroit Edison

of the different groups mentioned.

Railroad

aggregated $1,190,Of this amount the Bell Telephone issues footed
or ov$r 56% of the total!
Among the

and

bonds and stocks listed during the last 10
years by each

during

1948, as already
stated, footed up $3,550,879,327. Of this total, railroads
accounted for $540,819,699 compared with $1,161,970,757
in 1947, $951,491,571 in 1946 and $1,501,067,850 in 1945,

so

Georgia

listed

an
issue
of
$25,000,000 debentures of Mountain
States Telephone & Telegraph Co.
Other issues of note

glance the volume of

a

BONDS—

total

of

leading head, namely, rail¬

This table shows at

companies.

tions.
The

and

reorganization), or of
paid"—the securities

"assessment

or

issues

$75,000,000 Michigan Bell Telephone Co. 3V8% deben¬
tures; two issues of^ $75,000,000 each of Pacific Tele¬
phone & Telegraph Co.; $60,000,000 each for Illinois
Bell Telephone Co. and Northwestern
Bell Telephone
Co.; $55,000,000 for New Jersey Bell Telephone Co.

shown

themselves having previously been listed—are not included in this
table.

thing.

securities

old

foreign

bond

issues were $100,000,000 Southwestern Bell
Telephone
Co. 3V8% debentures, $90,000,000
refunding 3s and $60,000,000 refunding 3y8s of New York
Telephone Co.;

separately.

the calendar year 1948,

495.]

issues,

of

the reorganization plan of that road.

$675,000,000,

up

1,499,652,695

ment

bond issues offered in the invest¬

and

._„

aggregating $25,333,300 of Central
per

utility

269,900.

1,220,595,297.

sented

Aggregate

stock

Monday, April 4, 1949

.

the New York Stock Exchange for the Year 1948

on

and

new

COMMERCIAL

for

above

total

bond

$1,663,882,499.

new

capital

and

Of

issues
this

listed
total

$180,107,928

during

$1,483,774,571

for/refunding.

Stock issues listed totaled
$1,886,996,828 of which $853,535.961 was for new

capital, $194,908,254 represented old

issues finding their way to the
613 was for

refunding and exchange

Chicago,

Rock

Island

&

New

Haven

inc.

&

Hart

30,000,000

8,200,785

11,695,164

1st lien & ref. 314s ser. C 1973

9,500,000

Virginian Ry."

Capital expenditures

RR.:

41/,2.s 2022

conv.

Issued per reorg. plan
Issued per reorg. plan

:

Repay bank loan, workingcapital

!

Total

PUBLIC

principal issues listed

Pacific

RR.

$218,362,599

UTILITY

BONDS

Company and Class of Bonds—

$34,507,850

general mortgage 4%s of 2019 and
$30,917,000 first mort¬

360,515,677

gage

485,147,595

zation

4s of 1994, issued in connection with the reorgani¬
that

Y

*

334S series H 2003

1st & ref. mtge. 4s ser. A 2007
Gen. mtge.

Repay advances

RR.:

purposes.

589,481,082

of

N

ref.

Nashville

Exchange'and $838,552,-

In the railroad bond
group the
were

1st &

1948

&

9,250,000

road; $30,000,000 Louisville & Nashville

LISTED

Amount

DURING
,

1948

Purpose of Issue

Cincinnati Gas & Electric Co.:
1st mtge

2"ies 1978—

$15,000,000

Finance construction

20,000,000

Finance construction

Cleveland Electric Illuminating
Co:

1st mtge. bonds 3%

19E2—__

J)

Volume

169

Number

Company and Class of Bonds—

COMMERCIAL

THE

4791

PUBLIC

Purpose of Issue

Amount

American

Capital improvements

45,000,000

Telephone

graph
Commonwealth Edison Co.:

'Working

&

Co.:

DL'RING

LISTED

CHRONICLE

THE

YEAR

>

1948

Brown

',,

r

.

&

$185,623,800

•

'

.

.

$1)

(par

\'i

Common (par $5)

capital

Old stock just listed

1,263,645

:

""

Bucyrus-Erie"Co.:'"

Conversion of debentures

Purpose of Issue

Amount

Bigelow:

Common

(par $100)

5

(1445)
Company and Class of Stock—

Purpose of Issue

Amount

Tele-

,•

Capital stock

»

1978-i'-'v. 50,000,000

mtge. 3s series N

STOCKS

Company and Class of Stock—

Columbia Gas & Electric Corp.:
3V\7c
debentures 1973

1st

UTILITY

FINANCIAL

&

:•<

"•

\ *'

•;

4,793,740

Expansion

2,830,215

Acquisition

»•

Cincinnati Gas & Electric Co.:
New

Common

York, Inc.:
3%

,

convertible »debs.

1963—

Columbia

retire bank
construction

Refunding,

57,382,600

loans,
1968

3s 1978——

mtge.

Common

coll.

&

mige,

Florida

3'/$s

trust

Edison

Repay loans,

46,649,500

1958

1st

& Light

J.st mtge.

States

Utilities

Gas

4Vi'ci

Light Co.:

Louisville

Gas

Electric

&

Kansas

Repay notes

6,084,000

15-yr. conv. aebs. 1963-

4:7c

Co.

(Ky.):

3,000,000

Clopay

mtge.

—

$20)

(par

Industries,

Issued per reorg. plan

Stock

dividend

Inc.:
210,000

Acquisition

700,000

(par $1)

Old stock just listed

Corp.:
$1)—

(par

Common

Colonial
Old

*44,474,870

stock just

listed,

(1,068,<03

Mills,

Extensions, additions, etc.

Metropolitan
4.35'!c

Edison

Stock dividend

Inc.:

Old stock Just listed,

648,999

10c>

(par

stock

Co.:

4,000,000

Refunding

5,306,035

Old

dividend

Aircraft

Vultee

Corp.:

(par $100)

preferred

Co.,

Old stock just listed
Consolidated

etc.

shares)-

Textile

Capital stock

*17,646,462-

snares)

Stock dividend

«»

Corp.:

(15,995

Consolidated

925,124

*255,920

$5)—t—---

(par

Common

8,000,000

Conversion of preferred

*391,608

Inc.:

Pictures

Columbia

City Power & Light Co.:

preferred (par $lu0)

shares')—«—

(14,504

Common

con-

version of preferred

Repay loans, additions,

8,000,000

1978

3s

Issued per reorg. plan

1,425,690

(par $100)

Cluett, Peabody & Co., Inc.:

Additions, improvements,

Co.:

(1,916,805 shares)—

Common

ref.

&

772,202
3,731,316

$1)

(par

Equipment Co.:

Finance construction

.*1,585,270

—

Louisville Gas & Elec. Co. (Ky.):

'

1st

Stock dividend

■J.

Corp.:

$20)

(par

Common

Construction, etc.

12,000,000

expenditures

Clinton

,

Laclede

$25)

preferred

Construction, etc.

4,165,000

shares)

(272,852

Illinois Power

.

Finance

Clark

etc.

Co.:

2 VsS 1978—

825,000

Repay advances

60,000,000

(par

Co.:

Common

Construction costs

1.190.0GO

$20)_

(par

Common

3s series B 19 78—-

City Pwr.

Stock dividend

;

Co.:

Idaho Power Co.:

Telephone Co.:

mtge.

Kansas

Common

Childs

Common

Corporate purposes

12,000,000

:

302,375

2,871,829

$1)

(par

I.). Case

Telephone Corp.:

Common

3s m io.

Bell

Co.:

Cepital stock
Gulf

1st mtge.

Acquisition, etc.

$7.o0)_

construction

Gulf States Utilities Co.:

Illinois

"20,000,000

(J.

•

$7)

(par

Common

debs.

Property acquisition, etc.

Common

Co.:

convertible

<'13,897,752

Terminal

Corp.:

Construction, etc.

10,000,000

General

3%

shares)-—

(200,000 shs.)

(par

Power

Common

1977

Detroit

Finance construction

•5Vi'.t

Delaware Power & Light Co.:
1st

*12,230,000

(421,124

preferred

$4.52

$1)

Inc.:

Dayton Power & Light Co.:

Capital improvements

8,000,000

(par

Bush

Corp.:

Power Co.:

Common

Dayton Power & Light Co.:
1st

Mills

snares)-

(1,223,000

Consumers

Purchase stocks in con¬
stituent companies

30,000,000

:—

System,

Burlington

Common

Consolidated Natural Gas Co:
debentures

Gas

Common

1,734,000

$8.o0)

(par

Construction

Common

Consolidated Edison Co. of

.

Common

6,744,868

—

Gen'l corporate purposes

2,250,000

$!)__•

(par

Repay bank loans

Michigan Bell Telephone Co.:
3'/e%

40-year

debs.

Continental

Montana-Dakota Utilities Co.:

Repay advances

75,000,000

1988

Common

(par $5)

stock

just listed

Michigan Consolidated Gas Co.:
1st

33bS

mtge.

7,000,000

1969

Northern

Construction, etc.

States

Power

States

Telegraph

Telephone

Oil

Repay advances

25,000,000

1978

Co.:

Ohio Edison

Co.:

Crucible

:i

$8»

(par

Property additions, etc.

7,857,107

381,525

Acquisition

9,836,925

Conversion

*1,125,000

Acquisition

325,000

Acquisition

605,000 *

Issued per

(par SSI-

Zellerbach Corp.:

Crown

Common

debs.

Common
New

Capital requirements

*20,400,000

Co.:

30-year Vk'M

$1)

Capital stock

(200,000 shs.)

$4.8o preferred

&

Corp.:

(par

Continental

Co.

(Minn.):
Mountain

Motors

Common

$5)

(par

Steel

Common

of

Co,

America:

shares)

(45,000

Jersey Bell Telephone Co.:

40-year 3xk'/o

Repay advances,

55,000,000

debs. 1988—

con¬

Pacific Gas &

struction
York

New

Ref.

Common

Electric Co.:

Cuneo

.

Telephone Co.:
F 1981—

ser.

Common

!

Repay bank loans, con-

(321,726

finance

struction
Northern

States

Power

Pacific

Co.

Telephone

57c

construction

-

Steel

Common

I,'

mtge. 3s

10,000,000

1978

debs.

31-year 3

Repay

60,000,000

1979_

Corp.:

Common

Duplan

Ccmmon

(316,863

Common

i

(60,114

shares)

Construction, etc.

*5,149,024

Acquisition

*1,142,166

shares)

of

■

-

.!■!,■

■

••

••

S T

•

ri. : *

1

.

Co.:

<3,681,631

*1,596,484

Swtett

dividend-'

1 Stock

Stock

$15)—

(par

?

Corp.:

(109,574 shares)

Common

■'

'

Exchange for debentures

95,692

$1)

(par

Chemical

Dow

Light

&

Power

Co.:

advances

Electric Co.:

Gas &

53,702,500

(par $100)

Pennsylvania

Northwestern Bell Telephone Co.;

Extensions, additions, etc.

pla'n.w

recap.

Issued per recapi plants

1,210,000

(par $20)1——

-

Common

Construction

H>:v

Corp.:

(par $2.50)

preferred

Detroit

Telegraph

&

Co.:

(Minn.):

Pacific

Common

Retire demand notes,

*12,869,040

shares)—_

A'.

■'i;:

$5)

(par

Davega Stores

Pacific Lighting Corp.:

Repay notes, construction

60,000,000
90,000,000

3'/as ser. E 1978—

mtge.

Ref.-ratge. 3s

1st

Common

Construction

16,771,375

(par $25)

Inc.:

Press,

—

div.,

acquisition

properties

'

;

1st

ref.

&

/-R 1982
•'

.

Pacific

'

Telephone

Eastern

Public Service Co.

debs.

•

V.

<

'

1978

75,000,000

debs.

1983——

75,000,000

Service

Public

improvements

Common

Construction

16,400,000

$1.40

Electric

Potomac
1st

Capital expenditures

25,000,000

27ss 1978

South

plan of Public Service

[

Corp. of N. J.

&

*

,

57c

;%

[

•;

; •..

"';

^

•••

,

Vv

••

Old stock just listed,.^

7,408,766

:

1,982,500

Old

/-y

stock just iistedy^t 1,

Old stock just listed.

2,958,750
•C'

••

Old stock just listed'

3,544,350

$10)

(par

-i1'

J

preferred (par $50)__—
conv.
pfd» (par $50)—

Capital stock

V

*

'•

-.

Acquis,

of constituent

co.

Acquis,

of

co.

7,391,280

Construction

constituent

Equitable Office Building Corp.:
Common (par $1)

dividend

Stock

2,228,124

(par $5)

'

■

2,688,82.9

preferred

-V

Corp.:

\

4,042,900

$4.50)^

(par

;.

•

$10)

Emerspn Radio & Phonograph

'

Co.:

Common

Capital expenditures

15,000,000

.

...

*

Issued, per

279,213

Stock

-J 7'

.

•

/,'fcC:1

reorg.

.

566,404

J

plan ^

Telephone
Virginia

Co.:

35-year 3 VeVe

j

i >

■

Electric

Carolina

Gas

Power Co.:

Bell

dissolution

per

>,801
) 146,205,

>

1^1

—

v

57o

Issued

shares)*]

common

r.'w

Capital purposed '!

,

Common

shares)—„„*J
k.

5'/a 7o
Southwestern

(5,509,053

prfiferenoe

•••*

(par

Elliott Co.:

Gas

'

1983

mtge. 3s

&

Corp.:

:

4,474,780

$20)

(par

Common

Conversion of debentures

4,100,040

>

-

Electric

(6.057;439

Philadelphia Electric Co.:
ref. mtge.

(par $20)

CO..

Peoples Gas Light & Coke Co.:
37c convertible debs. 1963—

1st &

Colorado:

of

Repay advances, capital

.•

...

Common

Capital improvements

:'.v'

•"

Co.:

Common

Capital improvements

15,000,000

(par $100)—

preferred

Telegraph

&

'

35-year 3Ve %
v;-';:,' •

4.3%

r

&

Co.:

Philadelphia Electric

Retire loans, construction

75,000,000

v.» t

•30-year 3!/4%

du Pont de Nemours

(E. I.)

series

——.

—

.♦

Co.:

3V8S,

mtge.

debs.

100,000,000

1983—.

Electric

Common

Repay advances, con¬

Power Co.:

&

(par $10)

Eversharp, Inc.:
Common

$1)

(par

dividend

xq

struction

Washington Gas Light Co.:
Union
3 Vo

Electric Co.

of

Common

Mo.—

debentures 1968

—

Virginia Electric & Power Co.:
1st &

ref.

31»'.;

convertible

<

debs.

Electric Co.:

West Penn

Construction
Construction

4.20%

expenditures

just listed

Extension

to

—

$638,930,325

—

STOCKS

LISTED

DURING

MISCELLANEOUS

BONDS

DURING

LISTED

1948

American

37c

Airlines,

Turpose of Issue

Admiral

$40,000,000

Repay

loans,

Flintkote

Allegheny

Ludlum

$4.50 preferred

.

:

-

Steel Corp.:
(107,393 shs.)

Repay loan,

debs.

10,000,000

1968

Repay bank loans, work-

American

ing capital

-

Broadcasting Co.:

Common

15,201,153

$1)

(par

3,000,000

1960—

Old

stock just listed,

Common

-

1970

«

3'/2s

mtge.

Capital

&

37c
Swift

Common

750,000

6,500,000

1958

Working

capital

4 V2 %

Refunding

$1)—

$10)—

:,.:

650,000

j

Acquisition

Chemical

&

Corp.:
21,700

$1)

(par

—

Conversion of preferred

Common

3%%
76,388

(par

6,996,220

$10)—

cum.

pfd. (par $100) —

Stores

Common

9,291,800

American

Tobacco

Common

for stocks of

Exchange

Plant rehabilitation

Common

96,567,050

Exch.

for class B stock

57c

American Woolen Co.:
Common

(50,170

*250,850

shares)

for

Exch.

Chemical

pfd.

Westvaco

(par

Corp.:

747,158

$1)

Old

stock

just

listed

Old

stock just listed
short-term loans

Exch. for 67o preferred

Co.:

$25)

(par

12,203,000

Conversion of preferred

(Ltd.):

Co.

preferred (par $100)—

Repay short-term loans

25,000,000

dividend

Stock

922,490

—

Corp.:

Gamble-Skogmo, Inc.:

60,000,000

debs. 1973

(par

Machinery

Franklin

Co.:

&

Co.:

•

Reynolds Tobacco Co.:

debentures 1973-;

25-year 2.%%

Acquisition

Inc.:

Westvaco

American Metal

(R. J.)

I

Acquisition

American Investment Co. of 111.:

1964—•

4 .Vis

mtge.

Leather

$1)

(par

expenditures, etc.

Pittsburgh Steel Co.:
1st

$10)

: •;

Pittsburgh Coke & Chemical Co.:
1st

Hide

Common

30,000,000

Common

311,321

(par $1)

(par

Machinery

Food

Food
American

Dairy Products Corp.:

debentures

Common

gen¬

corporate purposes

American Encaustic Tiling Co.:

Retire bank loans, work-

ing capital

37c

9,775,400

'V

Acquisition

Co.:

(par

Fair Stores,

Food

debentures

National

Steel

Common

general cor¬

'

porate purposes

Corp.:

3'/4 7c

Stock dividend

*2,359,962

(71,514 shares)

Common

Stock dividend

eral
Celotex

664,272

$1)

Co.:

Follansbee

*10,739,300

Co.:

20-year 37
.

-

purchase of

flight equipment

Bristol-Myers

$1,200,000

(par $1)__

Acquisition

Corp.:

(par

Purpose of Issue

Amount

Corp.:

Capital stock

Inc.:

sinking fund debs. 1966—

Enamel

Common

Company and Class of Stock—
Amount

330,634

$5)

(par

1948
Ferro

AND

Old

Inc.:

Common

MISCELLANEOUS

AND

just' listed

stock

900,379 '

$1)

(par

Department Stores,

Federated

INDUSTRIAL

Company and Class of Bonds—

Brewing Corp.:

Common

———————$1,190,269,900

INDUSTRIAL

\

Acquisition

831,600

(par $3).

property

expenditures
Total

Total

Falstaff

(par $100)

preferred

Old stock

*9,998,075
5,000,000

(2,343,105 shares)—

Common

<-♦.■•

11,753,800

1963-

Common

U<;€

10,000,000

3s series F 1978—_

Corporation purposes

*2,934,000

shares)—

(187,000

•V.

Corp.:

Construction

25,000,000

r_

Ex-Cell-0

(par

.

12,452,335

$5)

6,000,000

preferred (par $50)

Grayson-Rohinson Stores, Inc.:
Common (par $1)—

Conversion of preferred

Repay

310,750

Stock

dividend

4,491,940

Stock

dividend

«.!i>0

Westinghouse Electric Corp.:
2.65%

25-year

debs.

,

80,000,000

1973—.

Total——

Armstrong

'1

$4

Repay bank loans'

$255,250,000

'

Cork

Co.:

Grummajn

(88,179

preferred

shares)

*8,817,900

Capital funds

neering
Common

Artloom Carpet
v

:

Common

Aircraft

(1;

Corp.:
(par

c

Engi¬

&

$1)

Co., Inc.:

(16,956

*236,384

shares)

Stock dividends

Gulf

Stock dividend

Halliburton Oil Well Cementing

Oil

Corp.:

Capital stock

.

56,726,250

(par $25)

-' l-.v

Capital purposes
'

RAILROAD

ATF

STOCKS

LISTED

Amount

Company and Class of StockCentral

DURING

THE

YEAR

1948

(par

0J-':

852,152

$10)

Purpose of Issue
Issued

reorg.

Issued per reorg.

plan

7,555,000

$13)

(par

Capital

14,814,300

■

':7. ■■'

•"

;

'

per

Beaunit

Mills,

Common

(par

32,800,000

$5)

Heyden Chemical Co.:
Common
(par $1);

Inc.:

(par $2.50)„

—

682,500

Old

stock

just

listed

purposes

plan

Vtc for preferred

Common

Baldwin Locomotive Works:
Common

Vtc for common (337,246 shs.) *$33,724,600

(par $100)-

V<",

Co.: :

Georgia Ry.:

of

Incorporated:

Capital stock

3,749,829

Old stock just
acquisition

listed,
iW

8,972,500

Old

stock

llstedyry,

5,550,000

Reduce loans

Corporate purposes

Chicago Rock Island & Pacific

3Vi7c

preferred (par $100)—

just

'

RR.:

Belding Hemlnway Co., Inc.:

Common

(1,520,789 shs.)

Series

preferred—.

A

* 152,078,900
-

75,000,000

Issued per reorg.

plan

li^i

408,700

(par $1)

Capital stock

Holly Sugar Corp.:
57c preferred (par $30)—.—

Issued per reorg. plan

Issued per reorg. plan

-

•t-'.

Beneficial Industrial Loan Corp.:
New

York
ford

New

Haven

&

RR.:

Common

(par

Hart¬

$4

■

$100)

..

-

46,839,300

Issued per reorg.

dividend
000

shares)

,

—

.'<•

.

—

:..<{( < ;i..1«<.v*"




$322,457,100

Hooker

(100,-

—.—

*10,000,000

$4.50

Corporate purposes

plan

-:_,v
Blaw-Knox

Total

preferred

(66,625 shares)

*555,203

Acquisition

V'3

preferred

(50,262 shs.)

Hussmann Refrigerator

Co.:

Capital stock

Electrochemical Co.:

*

Conimqn

*

f

*5,206,200

Corporate

*1,562,795

Old

.*•••■»

purposes

Co.:

(392,656 shares):—

stock

just

listed

j

L\

e

THE

(1446)
Company -and Class of Stock—•

Purpose of Issue

Amount

COMMERCIAL

Amount

Company and Class of Stock-

Monday, April 4, 1949

CHRONICLE

FINANCIAL

&

COMPANIES

Purpose W I:

GVunuun

Shoe

Corporate purposes

*1,775,000

shares)

<50,uuu

Sun

'"•A1.,' '

Co.:

Oil

Co.:

Common

>

shares)—

(860,771

dividends

Stock

*39,159,090

Johnson:

Common

Sun ray

i

tI

Manufacturing Co.:

Common

Kern

Common

slock just listed

Old

10,000,000

$1)

(par

stock just

Old

360,000

fa .v"frf

-

Bell

'/./ fine.':

i;

*■ >;

Common

(8,365 shares)__

listed
•'■/;

' a

...

COMPANIES

!

Common

(par

'

,

shares)

(87,167

Pacific

Texas

Acquisition

"

"

-

Coal

stock

Textron,

Common

5,919,320

Common

Conversion

981.335

$1)__

(par

r-'

'

-

Merr.it.t-Chapman & SccttCorp.:
Common

shares)

(293,905

•

•''.

.

$6

i

f'

stock

Old

*1,473,525

j.

just listed

::"-V-vK:

•

V

;

Common

Acquisition

*1,406,790

turers,

Chemical

Common

B

;' f
f
"'
Conversion of preferred

I.

...

$5)

(par

Pieference

Co.:

111,060

.

(250,000 shs.)

Repay bank

*25,000,000

loans,

Common

Van

Virginia

shares)

162,800

West

Conversion

715,312

of

corporate
National Gypsum
Common

!

purposes

Lead

Common

National

Service

Linen

Common
National

Steel

Corp.:

stock

Capital

Common

Exch.

2,141.000

Old

$10>_

268,310

:—__

Corporate

stated

no

$1)

stock

Old

637,976

;

of

just listed

security and the amount listed, follows:
'

Admitted

$12.50)

312,500

..

Acquisition

(no

5

$10»

Old

5,485,840

stock, ju§t .listed,

.V;

-

•

of

preferred

'ff

■

■

($1)'

*!

i

.

19

Stock dividend

preferred (par $100>

10,000,000

16

Feb.

Corp.:

Common

—

f

$3)

Stock

5,606,618

,

.

*

(par

Y

■

■

:

.

,v

div.,

acquisition

1,265,000

-

Pittsburgh Forgings Co.:
Capital stock (par $11—,
Pittsburgh

14

Falstaff Brewing Corp., com,'stock

15

356J400

i

dividend

Kern

Plltston Co.La,
Common

Publicker

par)

.

..

Acquisition

•

•

Common

395.000

'

Remington Rand Inc.:

Stock

2,176,400

t

~

"

•f

dividends

•' •''.;V.

•

.

Elliott

b'/r

14

July

i

•".

'1-

-:

'

Stock

2,573,112

:

shares)

*7,711,098"

Stock

stock
26

Aug. 17

.

.

Brown &

.'•■•/■■v

■.

j

•

17

dividend

Sept.

3

New

<R. J.) Reynolds Tobacco Co.:
4.50% preferred (par $100)

stock

Common

.

$1)

(par

15

Old

stock

($5

listed,

just

conversion

of

'

Ruberoid

(par

stock

Payment of dividend

2,999,450

'

Stock* dividend

*2,303,262

3

Common

(par

Smith

$15)

Stock

14,720,250

Common

Corp.: 1

(par

1

I

1,

Eastern

Michigan

Smith

$ 10)

Stock

5,000,000

Carpet

Co.:

&

Sons

•

..f

15

v'V

Dock

Corp.,

,

40-year 3

s

stock

common

1948,
Jan.

Co..

series. A
($10

Bell

.

31-year

J

»

dividend

i:|

ff'

\

•

the

changing the

par

give a-list

we

rpfc

May

General

5,000,000

[

purposes

corp.

issued,

.

3

:

6

a

stock

$15)

(par

Stock

11,847,697

Solvay American

Corp.:

,f

■

'

.Common

(N.

Co.

(par

Acquisition,
-

.

Oil

$25)_——

Common

(Ohio)::-

Co.

(par

porate

general

purixises

cort-

9,

.

shares

120,913,550

-

;

$10)1

Common

Co.:

(par

a

without changing the number of shares

list -of companies changing the number of

listed

any \yay

through

tion

acquisi...'

•

^

'

2,285,749

Stock

.

■

.

CHANGING

$5)_______—

D."

■f...-.

Beneficial

dividend

CHANGING

Industrial

Loan

PAR

Common

5%

Camp,
(par

NUMBER

prior pref. (par $20)




OF

OF

STOCK

SHARES

Corp., from no

Mill^Jnc., common, from $5 to

par

135,000

Cooper-Bessemer Corp.,

Acquisition

from

no

par to

10,000
1,823,820

Acquisition
Acquisition

Truax-Traer
,

•-

,

Coal

Co.^ from

no

$5

to $10 par__ /

$20 par_r-^.—^ i

Virginia Electric & Power Co., from

tp
no

to $10 par>_._r:A.

Company

Company, (3 for

Nov.

.

8

Common

l)__'—-.a__—Common
(2 'for l)

Shipyards Corporation

-l——--2___

Consolidated Oil"Company (50%: stock)

Capital
Capital

__

Pulp & Timber Company (2 for l)-.^

Bros.,

Common

(2 for 1)
—a——
Common
(50% stock)—!———..Common

Lionel Corporation
Davidson

27

Capital;

Common

—a-

1—"

United States Radiator Corporation

•

Common '

for 1)__^___—Common

(2

2

Oct."'{-1

Capital
Common

'___a

l)-^H----:------_

3

Inc.

Derby , Oil Company

(50%

Bell Telephone Company of

Common

(2 for l)—___

stock)_--a——_j.-. Common
(4 for 11——

Canada

.

Gleaner

Harvester

Corporation

(33^3%

Capital

Common

American Metal Products Company (2 for 1)_

stock)_J__

Common

,

17

2,383,100

Dec.

Hammermill

Paper.Company,(2 for

Capital City Products Company

(2

31

,

.

,

McCord

Woodley

Garrett Corporation

31

Nineteen

31

Sterling Aluminum Products,'Inc.

Corporation

(2 for

Petroleum Company

Hundred

(20%.

l|-__—Common
for 1)—; Common

1)^^.—-ao.-.. Common

14

2,375,01^

.,..2,940,989

7

29

,.; 834,319

985,107

$5
par

Puget Sound

22

par__—TT—-.>263437

from no par tp.$5.par__x

par

Universal

15

\

No.ofshi

t,

L,).

Todd

"
WITHOUT

(E.

Capital

for. 1).

Sep. '

-

Inc.:

$1—_

VALUE

Bruce

Thew Shovel

1

the additional shares issued.;; 4-(.,

COMPANY

Federated Department Stores, Inc.,

Stokely-Van

without capitalizing in

split-ups

(5

Aug.

T

Stock dividends,

Colonial

Sterling Drug

names

listed, .and

J.):
"

Standard

I

-

49j preferred (par $100)—_ 20,000,000
Standard Oil

;

,

Cbmpany3(2 for

: Hubbell (Harvey), Inc.'(2 for 1)

18

July

Commfon

Electrographic Corporation (2 for 1)_.

30

list of companies chang¬

dividend
.

Wt)

10'

Jun.

t

ing their

Socony-Vacuum Oil Co., Inc.:

Capital

3

value of tfieir shares without changing

the number of shares

(J.

(2 for 1)-— 1—1-

•

-1

4.20%'preferred* (par $100 )__

General Plywood Corp.
Carter

Common

for-1)'A_— -A-------

(2

Company (25%; stockr__A--i/_/_i

Aluminium! Limited

companies

J

Issue

Cooker fcompany (2 for 11

American Meter

,11/15/1979———I$60,000,000

following tables

*

Common

_

Rubber Company,: (25%- stock)

Roeser & Pendleton, Inc.

23

1

In

CURB EXCHANGE ISSUES

Falstaff Brewing Corporation (2 for 1
Baldwin

25

$75,000,000
Co.,

1948 OF

;x

National Pressure

341.747 shs;.

3Va'#

due 1973— $40,000,000

3'/8%

Edison Co.,

Ill

Mar.

$9,250,000

Telephone
due

follows:

24;

:

par)—--

40-year

Co.,

10/15/1988--—

debentures

■'

.•

Principal Amt.

Issuing Corporations and Ratio—

/, % ' 24

due June

stock

Telephone

due

Terminal

Railroad

100J500

2,415,100

capital

1973—25,000,000

28

Feb.'

1,312,000 shs.
and

as

26

-■

1,066,434 shs.

.2

-

California

B due

Dat'e

Co.,.Acpmmon

Cementing

285,000

Co., $1.32 preferred—--—

Split-ups of Curb Exchange stock/issues ^totaled: 29 in

.

,

■ ;-

3%

SPLIT-UPS DURING
;

120,000 shsj.

.

—265,608

participating

A

(The I, 'common————

Company and Issue—

Southern

28

1,263,645 slisl

-

1

9

Sep.

convertible

2

common

Bell

Northwestern

j

'

Mar.

f

.

f.
Alexander

• •

Corp.,

675,000

Listings Approved Include:

Date

1,609,017 sh.^.

common—1—300,000

Calgary & Edmonton Corp.; Ltd.,

Bond

59,175 shs.

2-~_22J—

Co.,

S^JCf^Omids,
1968.^fa%

8

Dec.

dividend
•'

15

39,650 shs.

par)

debentures

'■

O.)

Dec.

1988-—$50,000,000

mtge.,

1

j

"Skelly Oil Co.:

(A.

($5

Lakefront

1st

i

f

■■

Co.:

Capital stock (39,780 shares)-

10

j

*

:

Co.

2,969,722 shs.

15,

Utilities

Well

Tube

Duraloy

250,000

capital——^—--—-—

Inc.,

Apparel,

,

,/——,_*2_2,386,575

Ltd.,

Peninsular Telephone

9

330,279 shs.

pari

July

v

Oil

Reading

20

Nov.

•

Nov.

$25j.^__—

par)

preferred

cumul. convertible pre-

ferred

Halliburton

j

-

1,160,002

($5

L'Aiglon

6

•,

($1 par)a—.

cumul.

5%.

($50 par)

Montana-Dakota

)

-Robertshaw-Fulton Controls Co.:

Inc.,

due

15

320,000

Mills, Inc., common—

(Thei, cominon

Company,

Sep.

1,177,948

pfd

Jr.

4%

C. A% v.t.c, common—5,993,444

Co.,

Company

Oct,

shsf.
400,249 shs;.

•

20

Reduced short, term loans

26,000,000

Co,,

Jersey Bell Telephone Co.,

debentures

Patiean

($50 pari'-4
Inc.,*- common4;

Bigelow, common stock

Common

21

1,916.805

--

par)

preferred stock
-.1

Stock

-

Broadcasting

($1

Muter

797,882

——

Corp.,

capital!

Inc.,

shi

par)——

($50 par

Mines,

Pancoastal: Oil

200,000 shs!.

(no par)--:-

($10

Day

-360,000 shs.

($1 par)'

Distillers

Mount -Vernon-Woodberry

7

21

pref. stock

cumul.

conv.

Gamble-Skogmo,

dividend

■.

.

Reynolds Metals Co.:
Common (.110,923 shares)—"7 *2,551,229

5'/a %

30

20

jJ- 2,000,000

Co., com. stock (no par)

stock

Co.," common

i$5 par)

California Coiton Mills Co.; capital--—349,500

900,379 shs.

••

--

cumulative pfd.

stock

common

$1)

ff i

f v'. f

i

,

Co.,

cumulative pfd. slock

American

26

'

•.

*

I

dividend

'■

v

Co., common stock

Power

Hussman Refrigerator

14

j

,

..

''

(226,797

7
14

.

•

50c)_'_

(par

Common

Illinois

,

<•

Republic Steel Corp.:

Solvay American Corp., 4 V2 %

Jun.

Acquisition
:.

Inc.:.

$5)„___i_

(par

Ccrnmon

-

$1)_——__

(par

Industries

i

Lane-Wells

17

>

ipar

40,000
800,000

pfd

4.56%

Brcwn-Forman

747,158 shs.

($1 par)__

County Land Co., capital stock

11

May

i

1,500.720

Corp., com. stock

Co.,

Royalty Corp.. common

503,102 shs.

'

-

—

Stores

Edison

Tcklan

July

capital .stock

,

90,000

j—

California

Southern

30

537,050 shs.

:—

Co.fMna.,

253,230

preferred---.

4.40%,

Power Co.,

preferred

B

22

Jun.

common

2

par)

26

i

1

$10>_

(par

\

'

Stock

Apr.

Corp.,

4.80%

19

89,725 sh.^.

Franklin

($5

Coke

&

class B.._———

579,500

18

May

1,191,572 shs.

Consolidated. Textile

Coal

Virginia

stock

J

'w

.

par)_;

($1

800.000

Co., 4.88%

& Co.,

(Arthur G.i

Monongahela

119,978 shs.

i$100 par)__'

29

r

j

Acquisition
-

Plate Glass. Co.':

Common

434%•

stock

com,

pfd.______

Conditioning Corp., common.--.

McKce

21

504,000

California Edison

21

r

1,350,000 shs.

S.

21

Apr.

v"

!

•

.

Corp.,

pfd. stock ser. A

U.

Southern

^tock

preferred stock ($25 par.)—

cumul.

Air

4

—

iThe), common—.

Corporation

9

715,000 shs.

$1).._

Rowe

Mar.

1

Shares

Company and Issue—

7

Feb.

I
' 343,700 slid.

t~v

West

Consolidation Coal
SI)

ipar

Co.," com.

22

Mar.

,.t
!

>

,

Common-(par

listings

Include:

Approved

Listings

original bond

two

were

listings

stock

approved aggregated 18,-

aggregating $65,000,000. The list follows:

year

Date
Jan.

Amount^
'
Listed

—■

Controls
-

conv.

3'/2%

(10c

Pittsburgh

Stock

•

stQck

com.

29

■

—

Co.:

Corp.,

;j

Heyden Chemical

16

v

and Class of Security—
Scott

par

434%

Refunding working capital

Co.:

&

pari ;

Robertshaw-Fulton

19

*1,658,736

Milk

There

Exchange

by the New York

Original

1948.

during

shares.

during the

during

the class

'v:

Clopay Corporation, common stock

j

(43,672 shs.)

Capital stock

Philco

Merritt-Chapman

2

Mills:

4Va%

Name of Company

5

Jan.

Corp. of Calif.

(par

615,922

/,

'

conversion

Pet

882,787

1949, is¬

admitted

"originally"

The list, giving the name of the company,

V', '

Pacific Finance

1,200,000

par

list of companies whose

approved for listing

were

Exchange

totaled 20 and the total shares

x

Exchange in January,

securities

of

110

1—:

present as an added feature a

Curb :

Exchange List

Stock

York

New

Stock

York

list

a

common,

:—

Although not in any way connected with our tabula¬

we

to

Machinery. Corp.,

&

1)

1,699,450

(2 for li

com.r-par $2.50

tion ot securities listed on the New York Stock

represents the

value.

Admitted

New

sued

(par

Pump

4,445,820
1,990,862

(2 for 1)

purposes

The amount given

value.

))ar

Snowdrilt Co., Inc.,

&

29,217,261

(3 for II.

Listings of Securities on the New York
Curb Exchange

listed

.$925,609,403

-

-

Capital purposes

2,628,715

Glass Co.:

Owens-Illinois

Pacific

just

Co.:

Date

Common

.stock

,

1.080.ODO

-

pfd.

Corp.:

(par

Common

old 5%

for

Coke

&

for

1)

1)___—_

12 for 1)_,_;
'--i
-1

$50

par

t'oi

(2

1,473,039

1)_
(4 for

par $25

Corp., coin., par $5 to $3 par

Stock dividend

18,962,905

1948.
Electric

Oil

(3

$5)—

(par

or

The

Noma

$50

Wesson

Worthington

During 1948

$25)

1

459,100.

Co., common,-no par

RR., common,

par

Petroleum

securities

$10 >

(par

Pacific

preferred

Coal

(par

Securities

National Tea Co.:
Common

Carbide & Carbon

Preferred,

dividend...

Stock

3,103,584

$10)

<

(par

$12.50

par

13 for

preferred,

4'/4%

Union

Acquisition

147,500

^

2,012,750

Virginia

declared

Acquisition

152,915

1.092,100

(2 for 1)—

common,
-

Cos., Inc., common, 110 par

Sunray Oil Corp.,
dividend

Corp.:

$1)___

(par

$2.50 )

conv.

Wilson-Jones

Stock dividend

4,802,365

r_

Co.,

—

Union

indicates shares of

$10)___

Stamping

&

1)

l)j

(2 for

common; par $1

t-3 for l)__-_^—' 244,233

Working capital

Co.:

(par

2,506.712
13.227,555
1,188.018
1,375,000
1,494,668

Phillips-Jones Corp., common, no par

Coal & Coke Co.:

Total
National

par

no

Paraffine

$25)

Common

422,467

Enameling

for

Co., Inc.:

Common

preferred,

Co.:
$11

(par

Stock

j

Corp.:

$1)____

(par

i4

Co^p.,

Manufacturing

National

t

■

Capital expenditures

'
6,128,835

:

(par

Iron

(par

Stock dividend

^*12,291,400

National Container Corp.:
Common

;

■

Trucks

Warren

cumul.

4%

National Cash Register Co.:
(

Inc., common, par $5

Mullins

Manufac¬

&

$1)

(par

Raalte

Common

••.•••'' i

Common

co.

Exchanged for preferred f

720,000

1

Mack

j
{

co.

Co.:

Noiman

Common

j

Corp.:

$1 >_

(par

(par

Van

j

cor-

porate purposes
Mullins Manufacturing

of

1,986.697

Inc.:

Common

!
Monsanto

Machines
Corp.-,. common,
share)'_a.^a__

each

Co., common, no par 13 for 1)_—
Island Creek Coal Co., common, par 50c (2 for 1)
Keystone Steel & Wire Co.. common, no par (3 for 1)

Inc.:
$10)

(par

Merchants

United

shares)

(21,315

Acquis,

135,200
2,008,260
661,360

1)

■

Mining & Mfg. Co.:

Minnesota

*2,292,375

(91,695 shares)-

Lines,

Common

1

Business

for

——

1)

for

(2 for

Corp., common, par $5

(

f [;

'•

constit.
of constit.

Acquis,

1,792,520
l,a37,620
501,182
600,000

1)______

Harvester

debenturep

'

,f

Air

United

—

441,629

$1)__

(par

preferred

of

Conversion

5,172,115

Corp.:

{

L-'

••

.

'

•

Common

of preferred

share

(:,,4

$5i__

(par

Tri-Continental

.

Union

.

International

■

'i

Corp.:

for

<2

Machinery

International

Western

&

$2

par

common,

684,606
2,415,580

(2 for 1)_

Co., Inc., common,- par $2.50

V'%. preferred, par $25 (four lor 1)
Ingersoll-Rand Co., common, 110 par '(2

dividends

Stock

559.2 1 6

.

Inc.:

Common

Acquisition

5,270,000

$1)—

Air,

i

f

-

& Seal

Interchcmical

$1)__

ipar

Acquisition

Co.:

(par

l)„-_——

for

(3

par

no

Corp., common, par $10 (2 for 11
Co.,, common, par $10 (2 for 1)__
(George W.) Helme Co., common, par $10 .t2 Va- for 1)

Acauis.it ion

*3,487,700

—

Transcontinental

Melville Shoe

common,

Manufacturing Co.,

Grand

(139,508

preferred

Co.:

Common

$5)

(par

Corp.,

f

'

Eaton

readjustment

Capital

/

Acquisition

*543,664

Department Stores Co.:

Electric

Steel

Crown- Cork

8,859,150

—

t

No. of shs.
9,582,942
627,218

•

Co.;

$10)

>

THROUGH

Bigelow-Sanford Carpet Co., Inc., common, no par (2 for 1)
IE. W. 1 Bliss Co., common, par $1 (2 for 1)_——

Inc.:

The:moid

Common

Oil

&

(par

shares)

shares)

(o7,958

Bethlehem

i :';i

%

Acquisition

LISTED

SHARES

OF

;>-■/'/•.•;.V;!

Food

Working capital

*2,266,342

Corp.:

Common

250,992

I

$1.25 conv.

Masonlte

'

;*

NUMBER

CHANGING

SPLIT-UPS

j
r

*2,300,000

'

Corp.:

Common

Co.:

$1)

Chemical Corp.
> >
—1--1—1—' 1,402,620

—

convertible

• • '

?

■

oa()ital

McGraw

expansion

dividend

Stock

28,518,624

stock (par $25)i.a—

wpxiMU

Texas Gulf Producing

•

.

.

Business

4,300,000

Co.:

Texas

j

Corporate purposes

*484,790

Corp.:
(100,000 shares)

Common

(par $10)

preferred-(par $100) ______
70,000
National Bond & Share Corp to National Share Corp—360,000
Pennsylvania Central Air Lines to Capital Airlines, Inc.__—
479,Oj83
Schenley Distillers Corp. to Schenlcy Industries; Inc.——
3,000,000

V),

'• ;;V'-fA

(200,000 shares)—_

!

to Food Machinery &

Machinery Corp

common

-

-

Liquid Carbonic

May

:

Co.:

Common

Mc.Call

Corporate purposes

Food

$25)

!

Corp. to Artloom carpet Co., Inc.lii—2.2---—; 314,222
Columbia Gas & Electric Corp.. to Columbia Gas System, Inc.
12,229,874

Co.:

Common

Link

20,000,000

(par $100)
preferred ser. B

•>■)*'
3,890,419
201,004

Artloum

3'4% -cumulative

;

Lane-Wells

preferred j
just listed

No. of shs.

_-2—-------——

:

1_——1_1

Preferred

of

27,000,000

A

ser.

conv.

;(par

stock

Old

Sylvania Electric Products,

$5)_a-__

(par

1 Va 'ft
f

Corporate purposes

'

Land Co.:

County

pfd.

4V4%>

..

..

185,000

(par $1)

1
Conversion

140,083

$1)

1

'

-

'

Rolling Mill Co. to Armco Steel Corp.—

American

Corp.:
(par

'

j.
Joy

Oil

Common

dividend

Stock

3,043,623

$12.50)

(par

:'

<"••

Common

Johnson &

LISTED

SHARES

OF

-

CHANGING NUMBER '

WITHOUT

NAME

CHANGING

.

'

late:national

(50%,

stocki—..Capital
,

Common

.,

Common

stock)-———_

Corporation ,(2 .for,

(50%

stock).

Common

"♦

Volume

COMMERCIAL

THE

Number 4791

169

Carried

1

General Corporation and

;

*42

■

Number

of

'^x^x,

(Continued from page 3)(■'1
'

.•'**

LIABILITIES—

'/'J' 1

"

stock

cumulative

preferred

Cumulative

preferred stock (par $100)
preferred stock (par 31001

Common stock
Premium

First

(par

series cumul.

$20)—1

(par

—

stock—;

common

on

—'

Notes

uayable to banks.
Accounts payable

:

Accrued

taxes

Accrued

l-~-.

interest

Dividends
Total

__

48,300

—

1

448,703
43,728
1,135,494

109,688

deposits i.J-—Z—1------—------—•-

74,758

_____

323,697

283,697

446,854

343,433

declared

7,326,168

Calendar Years—

'X:'-"'"f i•",'1:g

'r,'
Sales 2

a.d

in

of

surplus

Costs

construction.128,253

income
tax

Net

tax

Net

from

Ndt

ry.

1949

railway

"21,151

7,870

Dec.

31—

from

Net

ry:

24,923

"Deficit.-—V.

163,

253.138

298,527

"33,574

32,573

128,271

Operating

80,410

91,684

Net

SECT covering

25-year

proposed

a

notes,

series

sale

due

A,

filed

29

at

registration

a

Gas

compct.t.ve

bidding

of

which

$1,750,000

National

Plant

Bank

of

is

represented
and

Boston

Replacement

by

notes

$1,000,000

Fund Assets.—-V;

payable

represents

169,

advance

income

Breweries

•3 Months Ended Jan. 31—

Net

1004.

p.

1948
.:

Cost

of

Selling,

from

rnd

excire

6 440,4

taxes

and

admin,

income

1,043,000

shs.

per share

$949,729

CONDENSED

CONSOLIDATED

ASSPT?—Cash

hand

on

2,200.000

marketable

securities,

less

and

BALANCE

in

banks,

JAN.

31,

246,922

$1,619,150

$1,196,651

554,073

199,603

$997,048

168,751

154,376

168,751

$964,160
154,376

$910,701

$828,297
$0.83

si,019,584;

reserves,

for

Pfd,

in

and

overdraft"—secured,

$3,820,206;

$1,683,854

____

refund

serve

for

with

the

interest

of

loss

customers'

1949—12 Mos—1948

$1,694,100

147.423

$20,469,572

589,686

354,740

Net

$18,007,286

3,783,196

on-

demolition

expansion

of

and

United

disposal
States

4,164,931

income

$12,330,456;

165,568

2,088,347

1,938,042

238,745

3,832,133

3,292,391

tories;

ac¬

$542,506

$313,005

$5,436,946

$4,149,005

1,692

509

37,721

February—
Gross

from

Net

from

Net

ry.. oper.

"

1949

income—

$544,198
149,201

j.

div.

$313,514
133,994

$5,474,667

Net

/.^"Deficit.—V.

169,

ri

"2 352

homa

"115,576

.

382,000

377,000

361,700

"139,750

"98,059

"21,592

"67,832

"246,608

"225,171

"132,335

"182,874

'

1,670,833

1,452,574

$394,997

Vi $179,520

$3,803,834

67,023

stk._

com.

per

Gross

67,023

804,349

804,394

-

Period End. Feb. 28—

Gross

$112,497

$2,999,485

$1,914,302

$0.17

$0.06

$1.52

Gross earnings __.2_.t__

Working

oil

AND

shares

to

be

outstanding

DIRECTORS—R.

Okla.;

Ross,

George

$26,899,834 $24,286,046

after

deficit

Net
-V.

$54,637,329

$49,212,247

55,162,603

4.9,442,643

;$333,737

$495,274

7

and

three

Capital

demand

balance,

March

on

notes

amounting

maturing Sept. 30,

held

to

announced

30
bv

five

$2,500,000,

1S49 —V. 169,

p.

has

been

has

it

and

1330.

Bank Loans—

on

that

banks

that

paid $500,000
the

remaining

shares

of .its

for

Carnegie-Illinois
James
was

In

M.

Darbaker

announced

charge

of

Steel

has

converted

into

notes

salary

other

or

'corporation

sales,1 Mr.

appointed

30

by

Darbaker,

J.

Appointments-

General

Manager

since

Lose,

sales,

Darby, Vice-President
1947,- has been Manager of
•>

E.

of

Douglas

Vice-President

..

in

of

op-,

Pittsburgh.—V.

167,. p.

V

2576.

issued

Carr-Consolidated Biscuit Co.- -Stock Increased—Bond

Issue—
/

stockholders

The

mon

stock

The

Issue
will

'■

■:

from

have

Feb.

also

the, bonds

at
to

21

voted

shares

to

authorized

to

increase

2,500,000
a

the

$3,150 000
Mutual

(par

first

:33A?«i' and maturing May
Northwestern

authorized

shares

of

and

an

Mr.

il0£

the

addition

six

sold

1,

Life

be

will

mortgage
1967.

bond

Company
Co.

in

on

oil

event

The

at

of

making

Mr.

stock

Petty

In

a

of

accordance

with

of

his

or

$400,000 in cash.—V.




169, p. 3.

,'

•

nominee,
stock

common

entire

50,000
Each

will

time

this

rate

by

at-800 per share.

no

is

if

additional

the

for

the

that
It

the
is

needed

as

issue,

than

order

the

in

$20,000;

full

for

the

event'the

contrary,

the

the

is

well

to

of

additional

wells

will

the

be

if

drilled

corporation will have enough money

inasmuch

as

wells.—V.

169, p. 1106.

it

is

not

intended

to

drill

sum

to

on

of

drill

extra

22 444

"20,552■■

.

in 1947, were reported by
President, in the road's 71st annual
-

$29,791,435,

was

stock

back

of

to

equal

$3.72

after

share

per

$35,387,327,

taxes

stock

$3.50

for

earnings

$4.44

or

1939

in

showing,

share

a

stock

the

dividend require¬
of common stock,
common share,

per

to

$6,554,100

a

without

1945,

would

1948

have

which

been

save

in

one,

last

the

the

$4.56,

ten

or

years.

were

the

on

paid

in

preferred stock and $3.00

1948,

the 48th year in

C

&

O

nation's

originated

coal

production,

Merchandise

been

loadings
coal

more

freight

share

a

the C & O's '

paid.

72,600,000

of

than

loadings,

originated

increasingly

tons,

by

any

important

of

loadings

cash

be

At

in

completed

in

1947

for

1,

in

make

will

down

end

compared

of

with

and

this

1949.

he

1948,

outlay

by

Among

1948,

the

is extension

available

850,000,000

the

were

increases in

part

for

said,
the

and

sale

the

treasury

of lines

to

transportation

was

re¬

of

;iew>

$40,000,000

of

improvement program

coal

new

serve

over

C

&

projects,

O

mines,

an

addi¬

tons of coal.

1948, C

322

a

& O served

year

352

active

bituminous

coal

mines,

earlier.

COMPARATIVE

STATEMENT

OF

INCOME

Years Ended Dec. 31—

"1947

1948
$

$

Operating revenues

312,953,036

Operating expenses

one

334,555,156
253,899,538

232.668,981)

80,655,518

80,284,046

38,104,845

38,582,681

Net operating revenue
tRailway tax accruals—

of the
net
that

Freight
Passenger

is

found,

Operating

lease

Rent

2,635,655

income

(net)

leases

to

be

$239,600
five

deep

or

or

is

six

extra
■

2,874,701

39.915,018

income

38,826,664

5,533,367

3,788,489

45,448,385

42,615,153

needed,

will

expense

property,

on

oil

this
as

;___

.____

if

Net

be

Other

and

railway operating

income

income

1,890,331

2,395,020

47,338,716

45,010,173

dry,

$18,000;

_

Total

income

Miscellaneous

entire

98,793

However, reducing 1948 net profits was

dated Dec.

Fixed

Net

acquired

deductions

from

income

income

8,109,184

per

.__

L

common

790,162

9,438,097

8,832,684

29,791.435

charges

Earnings
if

758,032
168,107

52,055

of

derived from

tional

be drilled on the property in Creek County,
dry; the corporation will not liquidate but on

that

of

merger

which

corporation.

contemplated

578,124

816,640

Ry. Co.—Annual Report—Record
in 1948 of $334,555,157, an increase

income

the

of

imbursed

one

entire

received,

is

organization

first- well

well,

5,972

128,136

1004.

O

railroad.

company's

to

to be

prove

amount

listed:

drilling

cost of completing
working capital, $178,100.

48,978

5.4%:.
The greater revenues in 1948
freight rates established during the year.
In
1948, Mr. Tuohy added, a large part of a major improvement
program was carried out.
The program took about $78,000,000 of the

following

intended

wells will be drilled on
the following manner,

the

'

26,308

83,592"

7,810

holder

purchase

be spent in

less

$290,961

v.

firm commitment

no

found,

1946

"

12,683

&

common

under¬

thereafter

years

47,115

10,069''

-

income

C

any

merchandise

were

warrants

months

13

of

the

entitles

1947

$364,049

,

pro¬

terms

purchase

warrant

subsequent to
offering and for five

stock

the

at
sold

stock

1948

$387,370

the C & O with the Pere Marquette Ry., now the
Pere
Marquette District of the C & O,
in mid-1947,
amounted, to
38,473,650 tons.
Reflecting the postwar falling off of railroad traffic
in 1948, C & O coal leadings
were down 6.5%
from 1947, when thegreatest coal tonnage, in
the
company's history was handled, and

1,000,000

the

net

net

1948

since

expenses,

commercial", oil

consists

:

preferred

Federal

in

12.22'/r

fully paid
for investment and

and

has

representation
is made
received
by * the corporation.

and,

of

expense

It

Carolina Ry.- -Earnings-

half-century in which dividends have

other

as

out-of-pocket

except

capital

delivered;

any

proceeds will

received,

by

earned

the

to

Ohio

1948

common

than

the

last

well will be drilled
on
the Creek
County lease block rat a cost
approximately $24,000.
If oil is found, there will be an additional
of approximately $18,000 for equipping and completing same.
In

the

transfer

wholly-owned subsidiaries bf the C & O of
$2,740,523, and leaving out the back lax charge, would make a 1948
showing of $4.91 per share,
^ v ^ 1.

cost

Ckla., should

Insurance

for

$312,953,036

in

the

for

Adding

one

In

inven¬

of

abandonment of
property replacements.

81,976

Tuohy,

with

share

bonds,

the

as

and

common

offered,

proceeds

:

31'

Dec.

168, p. 2428.

$384,414

revenues

previous year.

better

Okla¬

•

shafes

"PURPOSE—As there is

block.

$5,02

revaluation

800 654

&

over

on

charge

agreed with
that for
affairs for a

pari,

McKenzie,

WARRANTS—In

time

date

the

securities

com¬

$lt.

exchange, for $2,400,000 of its.3%.# debentures, due 1967, now held
by the insurance company, the $350,000, 4% note issued in December
1948

been

effective

the

$5,759,033

ended

from

of

43,607

169, p.

income

ments

Petty,

shares,

120,000

corporation

the: underwriter,

each

to (purchase

balance
on

bearing .interest
deliver

has
H.

by the foregoing

$24,000, additional

1,000,000

stockholders

to

for

until :such

expanded
v

PURCHASE

warrant

as

remaining

& Western

income___-

J.

•

of

Charge

amount

$2,611,342.—V.

railway
railway

'compared

10(1), 300,000 shares have been issued and outstanding
held,by Messrs. Ross,-90,000 shares; McKenzie, 90,000 shares

STOCK

shall

the

was

incom0___.

oper.

6.9%

Net

underwriting agreement, the corporation is to sell to the under-;
writer,;' 50,000 stock purchase warrants at H per warrant for the
purchase .of it$ common stock, at 80£ per share.
These warrants are
be

from

losses

cost

report to stockholders.

(par

are

Petty,:120,000 shares.

share

erations, announced the appointment of Stephen M. Jenks, General
Superintendent; Gary Works.x to succeed Mr. Darbaker, with head¬
in

the

until

and

to

increased

from

Walter

per

(President),

Dennis

stock

compensation,

CAPITALIZATION—Authorized

thereof

.,

Corp.—New

been

March

on

Operations, Chicago district.
.} At the same time, James

quarters

Ross

to

Petty

Mr.

common

are held
Mr,. Ross,

distribution.

the

the

ft

agreeing

non-a-sessabie, and
no

and

McKenzie

their

that it will
90,000 shares, to

not

writer,

losses

n;43

oper.

ry.

of

the

Airlines/In'c.-^-Pays $500,000

corporation

its

for

quarter

the

issue.—

March

manage its
and a transfer to it of their interest in certain
issue to Mr. Ross 90,000 shares, to

years,

leases,

gas

shares

$2.74

extraordinary

railway____

Dividends

and

.$230,396

162, p. 1222.

The
on

24,619,733

$194,150

Stewart

OFFICERS—Corporation
D.

of

and

27,093.984

expenses

and

"Deficit.—V.

D.

WITH

George

Mi', McKenzie
total of 300,000

1949—2 Mos.-^-194S

$2.28

during

possible

possible

Dec. 31, '48

$3,136,342

.

income

for

$600,000

Chesapeake

consideration

period of
:.

of

railway

from

S0.J7

"

duction, at g'hich time their compensation is to be agreed upon between
them and the board of directors.
^
,

1949—Month-^-1943

ry.

Net

properties in Creek County Lease Block, Oklahoma.

Stewart
in

6 Mos. End.

Quar. End.

'48 Sept. 30, '48

From Jan. 1—

Oklahoma

City,

from

Canadian Pacific Ry.—Earnings—

$231,008';

remaining for transfer to the earned surplus account was
During the previous quarter total appropriations amounted

from

from

1331.

TRANSACTIONS
and

-

February—

$2,718,696

$327,974

sh._

com.

1,976,911

on

p.

draw

'

1949

Quar. End.

share__

surp.us account

McKenzie (Vice-President), McKenzie,
Tenn.; Dennis H. Petty (Secretary-Treasurer), Oklahoma City, Okla.;
H. Mainard Stanfill
(Assistant Secretary), Chandler, Okla.

"52,113

"60,688

358.000

.,

1106.

p.

"52,343

31,

deferred charges and other assets,

•;; I

for

and

amount

$525,000

$4,171,270

requirements.

certain

R.

"114,889

$1;

$150,000

$75,000

Net

income—_______

OFFICERS

$174,700

"133,354

,

JAN.

•

Rosenfeld

on

1946

$184,400

,

from

railway.—
from railway
ry. oper. income—

Net

1947

$192,000

railway—"79,960

From Jan. 1—

Gross

1948

$168,000

railway

SHEET,

22,265

inc. (net) ...■>■

Transfer- Agent, Registrar & Transfer Co., 15 Exchange Place, Jersey
City, N.- J.
HISTORY—Corporation was formed for the purpose of engaging in
all phases of
the oil business, and more particularly, to drill wells

59J.

p.

$0.99

:_

$2,622,697

operating

Canadian National Lines in New
England—Earnings-

.

$480,905

250,000

Dec. 31,

to

property;
The

Oil Corp.—Stock Offered—Henry
Co., New York, is offering 299,500 shares
of common stock (par 100) at $1 per share. These secur¬
ities are offered as a speculation.
'

equipment in connection
iciiary, $150,000; minority

total, $35,424,463.—V. 169,

541,00ft

"

Central

subsidiary company, $1,335,794; common stock (2.200,000
no par), $20,451,123; capital surplus, $1,726,565; distributable

surplus,

$1,217,905

510,000

income

amounted

1,380,869

186,505

_

deductions..._____

169,

P.

in

shares,

$1,081,043

L__

NOTE—Appropriations

3,721,031

1,164,019

375,913

income—.,

"Based

V.

of

sub

1,524,948

inc.)

period.

Earned per, com.

3,525,928

320,007
67,089

76,767

depreciation

"Earnings

income taxes accrued,
debt, $19,050,000; reserves
deposits—U. S. A., $395,989; re¬

container

depreciation)

exps.

$2,696,853

1,598,017

?-X $1.17

gen.

and

power

Balance for

counts payable and accrued liabilities, $3,950,438;
less payments Ihcreon, $2,213,853; funded

for-

1948

1949

$2,679,060

$571,043

and

$19,824,470.

Net

purchases of shares, of brewing subsidiaries, less amounts written
off,
total, $55,424,463.
loans

"75,411

Period—

1949—Month—1948

'

Net

$3,593,075;

LIABILITIES—Buik

127,330

24,650

reserve

for

Net

paid

premium

244,236

"41,854

sales ' (after

on

admin,

Charleston

containers of United States sub idiaricr:—on hand or in
hands of customers, at cost, less
depreciation, S799,847; sundry proper¬

less

176,917

3,832

Co.—Earnings—

-

Co.—Earnings-

$33,148,2.0;

cost,

202,160

LIABILITIES—Current liabilities (after deducting
$3,494,436 of U. S.
tax notes),
$2,002,239; notes payable-(not current), $'2,700,000; stock¬
holders'
ownership (including $1,284,508 reserved for contingencies),
$15,122,231; total, $19,824,470.—V. 168, p. 1039.

$0.81

taxes—

Gross

.

at

1,310,486

96,762"

1106.

p.

patterns and drawings,

at

ties; and investments

1,580,057

$673,549
•

ASSETS—Cash, $2,766,997; marketable securities, $145,564; accounts
leceivable, less reserve, $2,577,982; inventories, $7,045,668; other current
assets, $388,972;
fixed
assets
(less reserve of $5,022,139),
$6,668,278;

$809,784

$0.91

operation

.Total

cost, $31,090; accounts and bili receivable,
accounts, $2,120,476; income and .excess profits
taxes refundable, $475,252;
inventories, $15,037,370; prepaid expenses,
$493,033;
refund 'bie
portion of excess profits tax, due
after
1949,
$1,133,212:
investments in allied companies—at
cost,
$5.4S6,404; de¬
ferred
charges, 5513,0.94; lard, buildings, plant and equipment (net),

on

"8,213

1,536,000

BALANCE

200,975

$1.13

revenues

Net cper.

1949

$1,511,756;. investments

1S9,

$1,165,135

$1,125,737

Nonoperating.

for doubtful

reserve

73,672

income

profit

Profit

$0.70

SHEET.

180,508

30,662

1,551.000

railway____
railway

$1,797,697.

2,200,000

$0.67

:

140,224

2,008

"

1947

$819,625,

taxes

$978,261
186,874

-

stk._

com.

generation

Prov.

$1,544,266

____________

l.__

94.580

t

Profit before provision for income
Provision for estimated income taxes

5,302,943

1948)—

of

1948

$804,000

$6,281,204

5,767,863

at

31,

1946

1949

other

Cr56,893

$1,474 133

—.u—_

$585,043

168, p. 1691.

Total

943,500

45,141

shares

common

Earned

$2,430,867

'

taxes—

profit

of

939,235

—

$773,208

(less

to

for

interest

659,805

$344,930

$765,000

income

oper.

Selling,

of

(992,126

Other

308.333

-488,308

Profit";

Provision

No.

$6,717,592

$1,065,077

Maintenance

$3,678,457

.'166,716

:

—

depreciation

Minority
-'Net

stk.

purchased

41,234

$2,532,274

for

stk.

com.

Operating

$3,637,202

$3,217,219

_________

deductions

Provision

Gross

(Only)—

683,334

Period End. Feb. 28—

4,696,993

88,973

638,478

Champion Paper & Fibre Co. (& Subs.)—Earnings^—

7.333.58J

;___

351,052

Quarter Ended Jan. 31—

—Common

$1,977,822

Central Maine Power

6.153,836

$3,128,319

1,244,848

305,803"

-

"Deficit.—V.

1949-—12 Mos.—1948

$1,606,777
12,373

co.

Dec.

Steam

operations.:

income

Income

4

3,833,844

expenses

income

Tot&l

1949

6,883,777

gen.

$3.25

$1,294,488
of

share

—V.

1,411,686

inc.

railway.
railway______

from

$20,319,436 $21 880,625

d

so

de.ivery,

Profi'

Other

sales

goods

pfd.

for

co.
.,.

Per

1,236,879

695,982

from

total,

-

-.

'

sales

Government

I:-$5.29

19,124

other deducts._

on

Bal.

Ltd.—Earnings—

$3,022,521

1,402,347

628,715

$322,912

oper.'

ry.

Co.—Earnings-

$1,958,698

income—.

Divs.

I.:

Canadian

$2,952,069

692,391

1106.-

Contingency

earnings—_______

Net

First
from

The

to

an

ry.

Net

1974.

previously reported, proceeds would be used for the purpose cf
funding presently outstanding borrowings for construct on purposes,
of

$1,534,801

624,465

—'

grosj

1949—2 Mos.—1948

$1,359,810

from

Net

of

$2,750,000

Pennsylvania—Earnings—
1949—Month—1948

Profit per share

As

1106.

revenue——

from

Gross

1,882,240

$14,139,584 $12,436,695
12,180,886
10,829,918

income

Int. and

the

with

statement

169, p.

From Jan. 1—

40,580,345

1,882,240

1949—Month—1948

expenses—

oper.

Net.

March

"$1,769,17ft

February—
Gross

171,861

SEC—
on

"$1,205,096

.

Cambridge (Mass.) Electric Light Co.—Registers With
company

44,890,537

1,882,240

System

Other

.The

"$876,567

Chain Belt

1106 and 599.

pp.

423,263

""$569,501

169, p.

Net

5,643,720

$7.03

84,563

293,725

424,834

income

43,227,065

5,646,720

168, p. 2540.

62,775
•

50,537,257

53,016,398

—

307,121

income—

210,854

Central Vermont Ry. Inc.—-Earnings-

6,111,591

share—..

Period End. Feb. 28—
Total oper. revenues—

railway

open

-V.

40,115,474

outstanding—

common

Central Electric &

65,000

35,243

212,444

from

Net

155,314

railway—.,.

irom

Net

9,956,912
40,580,345

5.04i),720

shares

—V.

21,884

"1,345,913

inc.

gross

income

Net

$147,440

$138,524

"780,262

3,275,353

58,663,118

per

1946

1947

1943

From Jan. 1—

Gross

5,728,443

13,772,581

.

1—

Earnings

$113,787

'665,713

oper,; income

ry.

Deducts,

128,437,494

$45,£55,3ul

08,'709

income___

Open

Gross

Cr808,681

.

Surplus

$152,139

"357,057

Central RR. of

Net

44.890,537

—

Jan.

Common

February—
'
Gross irom railway....

"1,703,952

—_

Period End. Feb. 28

adjustment..

Total

Cambria & Indiana RR.—Earnings—

"1,090,040

"Deficit.—V.

.g

8,071,290

carry-back

profit,

Surplus

1222.

$6,337,537

"862,759

income

Net

1946

189,119,626

$6,248,038

"493,377

income

Operating

''1!

1

$3,079,959

income-

oper,

$50,-

expenses___^„a_—2a22 191,774,032 170,743,973 118,525,323
Deprec. of bldgs., .rr.achy. & equip...
3,777,800
2,320,001
1,388,035
Interest thet)
641,838
370,297
Cr54,130

1,015,554

$52,424,852
p.

of

1949—2 Mos.—1948

$2,894,278

Deducts, from

122,32a

1,320,841

'

—,___■—

—_

Total

1C9,

amount

Jersey—Earnings-

1949—Month—1948

revenue.—...

and

Dividends

—V.

the

$3.47

1947.

2__2 218,037,541

;

Federal

5,154

investment

Other

Contributions

in

1948

"

188,775

5,476

—

l.mited-term

of

booked

were

ry.

Gross

6,823,851

195,355

Depreciation

^Amortization

$3.58

orders

new

Net

Caterpillar Tractor Co. (& Subs.)—Earnings—

Income

credits.

deferred

Reserves:

Earned

period

Operating

7

•

Period End. Feb. 28—

The total for the preceding 12 months was $45,633,596.
On
Jan.
31,
1949,
corporation nad a backlog of unfilled orders
amounting to $19,131,548, as compared with $22,178,095 a year earlier.
—V. 169, p. 1004.
"

13,500,000
5,400,300

942,343

_

Customers'

4,200,000
9,000,000

48,390

—

—______—..

$2,437,300
779,300

18,000,000
4,500,000
613,536
47,739

.—

_

mortgage bonds

______

share___,—__

the

1948

$53,159,620 $53,974,774
2,347,896
2,286,810
590,578
590,578

670,071.

$2,437,300
779,300
-4,200,000
11,000,000

$1001

7%
€%

4.70%

/k

(1447)
Central RR. of New

1949

shares...

common

per

Dur.ng

CHRONICLE

Corporation—Earnings—

Months Ended Jan. 31—

Earned

x

FINANCIAL

Net proiit

Investment Hews
:

&

.1

35,387,327

shares

$3.72

$4.44

obtained,
test

wells,

expensive

.

tlncl.

U,

S.

&

Canadian

income

"Year
1947 includes operations of
prior to merger on June 6, 1947..

taxes

Pere

of

23,077,157

Marquette

Railway

21.505,457.

Company

"

/
'

7

8

■

,

628,684,532 564,488,922
20,523,025 16,969,616
14,291
196,490
11,724,668 13,317,234

Trahsportation prop,
(less depre. & amortiz.)
Miscellaneous physical property (less depre.) —
Sinking funds
:
Capital and other reserve funds
Investments in and advances to affiliated com¬

(wholly-owned)

panies

Investments

—

Other investments and advances

Reserve for

13,165,031

____

Traffic

bills

Net bal.

from

accounts

Material

supplies

and

Interest

Other

286,814
1,355,210
3,777,239
4,726,478
20,059,039
133,353
6,205,559
44,644
1,321,997

2,408,775
736,880,445

195,427,463

195,177,463

agents and conductors
receivable
—.
—

25,607,533
305,215

———

__

—

receivable

accounts

assets

curent

assets

Deferred

debits

Unadjusted

Total
LIABILITIES—
stock

Conimon

3W%

share)
preferred stock
,
:—

value $25
convertible

per

(par

cumulative

(par $100 per sharei
Premium

stock.,

common

on

unmatured

debt

Funded

2,424,843
2,301,093
242,102,000 207,165,000

,

17;222,892 19,323,992
4,926,401
5,760,526
648,621
631,506
5,986,790
6,013,883
5,367,389
2,386,801
172,993
173,049
7,803,075
4,943,303
38,634,066 31,363,201
1,240,614
1,115,591
15,484,666
14,025,219
5,446,346
5.G91.837
•
307,520
297,249
9,163,812 17,640,795
157,807,369 142,804,598

•

unpaid
accrued
dividends declared

—

interest

Unmatured

payable

accounts

Takes

accrued

Other

current

Deferred

liabilities

liabi ities

_

Unadjusted credits
Unearned surplus

60,288,400

87,682,000

1

matured

Unmatured
Accrued

payable

unpaid

matured

Interest

Dividends

19,776,940

19,770,440

_

accounts

,—

surplus,—appropriated
Eafntd surplus—unappropriated

Eftrhed

817,619,301 736,880,445

Total

ACCOUNT

INCOME

CONSOLIDATED

CALENDAR YEARS

FOR

1947

1948

sale

99.473

at

Corp.,

99.202; Harris, Hall & Co.

.

the

authorized

22

V

::

.to

company

1948

27/s%

The

stock was sold at $22

the

of

expenses.:

General

Net

Fi*ed

charges

9,246,181

—

36,200,068
21,778,264

"IhCl: U.

S.

income

Canadian

&

taxes

of..

CONSOLIDATED BALANCE SHEET DEC. 31

V

1947

"f'

$

'

$

Investments and

11,747,841

funds

1,252,463

advances:

13,165,031

Others

Reserve

11,593,505

16,635,380

wholly-owned

companies—not

17,722,065

Cr2,686,901 Cr2.686,901
"28,250,139
41,261,950
Temporary cash investments & special deposits
36,484,504
16,799,930
Accounts
receivable,
etc.—
19,858,123
16,923,009
Materials and supplies
26,490,204
20.596,373
Cash in

for

Deferred

investments—

adjustment of

in transit.

treasury and

:___

1,646,227
.

2,452,868

828,754,148 745,199,636

Total
LIABILITIES—

Cohuncn
3'/2%

1,323,013

3,726,925

assets

Unadjusted debits

stock

cumul.

RrCrftium

$3.05

Ftinfled

195,347,463

stock

share)__

(par $100 per
stock.—

debt

unmatured, less corp. holdings
RtlUlp. oblig. & conditional sales agreements
Preferred
stock of wholly-owned subsidiary in
hfinds

of

DbfGrred

87,682,000

60,288,400

722,000

82,998,867

72,521,547

1

15,583,736

14,069,359

5,791,648

1—

6.070,200

ciedits

Surplus:
The

Ohio

and

Railway

Company 167,278,701

160,742.641

12,901,450

10,143,992

828,754,148

Chesapeake

745,199,636

"Surplus arising out of consolidation
Total

"Including
8a ted I.—V.

of wholly-owned
1331.
■■■•;"

surplus
169,

p..

Government

subsidiary

companies

iconsoli-

f" |

drawal

Tlie

stockholders
stock

of

issue

preferred

should

capital

March

on

from

obligations,

and

3,962,884
-

Investments

and

Miscellaneous

special

deferred

"

charges

LIABILITIES—
First

due

1975

27/8%

series

due

1978.

cumulative

Common
Premium

on

Capital

200.000

stock

(par

voted

16

to

to

$10)

arise.—V.

the occasion

to

and

authorized

the

to

create

a

new

be issued to provide additional
159, p. 2631.

share)

per

2,754,000

1

Minority interest in

common

and surplus

stock

of a subsidiary company
Accounts payable
Dividends payable on common, stock
Accrued taxes

Accrued

interest

cn

first

mortgage

deposits

and

accrued

Reserves

for

Reserves

Advs.

9,844,836

312,813
759,528

thereon.

860,968

pending

injuries

and

for & contributions

Other

785.400

bonds
int.

aid

of

„

Total

Earnings—

Chicago & Ersiern Illinois RR.
$2,415,840

Net ry.

1T49

,

•

Rrom
Gross

Jan. 1—

4.961.624

Net

$1,856,378

276,860

35,462

"127,b95

■

p.

■

.

February—

'

from

-i:

'>

374,587

"97,821

-v.

railway
Nfct-Ty.- oper. income.—

1947

1948

~ 1949

:.

railway.—_

J rom

'

railway—.—
railway
oper, income—.

' $622,823

$468,088

244.150

231,306

.151,117

144,831

143,774

131,613

78,177

1,525,508

1,451,549

1,303.902

972,171

502,203

500.093

.'452,263

294,699

Net ry.
—V. 169,

___

27.2,326

302,049

*

245,349

155,391

1111.

capital
Power

ment

St.

Paul

&

Pacific

RR.—Equip¬
Trust Certificates Offered—Harriman Ripley & Co.,

Jfic, and

Lehman

Brothers

on

March

29

were

awarded

$6,060,000 2%% ^equipment trust certificates series HH,
maturing $202,000 semi-annually Oct. 1, 1949 to April

If 1964,- inclusive.

Issued under the Philadelphia' plan,




stock
in

Co,

1948 and $232,519

dividends

available for cash

and

$98,897.81

payment of

in

cash

from

The

Light,

Union

amount of. 6%

,

by the parent company.—-V. 168, p. 2321. <

improvements and additions to plant, machinery, equip¬
of
property.
Of this
sum
approximately
expended in the Colorado Division and The California
Wire Cloth Corp, and
approximately $9,227,000 was expended in the
Wickwire Spencer Steel Division and the American Wire Fabrics Corp.

from

from

Net

ry.

railway—

$2,679,851

740,220

396,870

railway—,

oper;

$3,039,671
921,803
511,153

405,456

$2,965,580

income—_

•

764,878

from

from
ry.

Dec,

:

and

Sales

Cost

—V.

railway

'

railway—
income

6,014,811

6,233,434

2,033,383
1,147,825

for—Depletion--

Amort,

;

169, p. .1005.-

ing
Net

Other

Street

Period End. Feb. 28—

Revenue

passengers

Balance

to

V,

surplus.

169, p. 1O05.

Ry.—Earnings—

."

$9,880

■

'

:

,

1949— 2Mos—1948

1949—Month—1948

9,032,682.

y

10,212,016 .18,080,0.2
$29,147
$19,047

"

s

'

-

1946

.1947

...

■

69,637,058 118,858,896
57,394,127 103,170,354
214,554
449,752

94,740,442

58,118,237

81,886,525

54,198,779
2,162,277

2,387,498 \

2,754,993

1,375,001

266.333

338,852

emergency

•;

—

and

—_—■'

.

395,956

—

rebuild¬

furnaces

oper.-.

/•"' $

.__

J 9,132,973

profit

income

—.a—

2,663,095

1,520,403

216,850

.

9,820,702

8,126,551

243,279

1,369,662

2,001,016

160,990

"274,770
270,856

'

20,795,221
$89,897

Other

charges——
on income-

167,166

223,104

522,050

3,486,400

3,659,100

2,676,815

income——.—

5,696,257

6,181,777

5,088,676

"3,914

•

8,287,541

9,349,823

Fed. taxes
Net

10,063,981

income—!——

Total

Cincinnati

of

——

facilities

4,483,472
1,148,946
662,223

1,592.496
860,779

888,594"

Years Ended June 30
1948

31/48

revs.,

Depreciation

$2,187,929
608,097
359,856

5,425,732

1,620,874"

oper.

discounts, etc.—
sales and exps._

of

Prov.

Relining

oper.

STATEMENT

6 Mos. End.

From Jan. 1—

Gross

INCOME

CONSOLIDATED

Heat

less

Gross

acquisition

demand

1946

•

for

and

UNDERWRITER—Allen & Co.

•

1947

1948"

plant, machinery and equipment as

$15,542,000 was

Cincinnati New Orleans & Texas Pacific Ry.—Earnings
1949

to 1948, inclusive, the corporation and Wickwire Spencer
their subsidiaries expanded approximately $44,000,000

of

ment

$2,067,238.47 face

merger

became

the corporation and

and

Co.

of

Co.

Steel

poration

/' •'

NEW

February—,

Net

Chicago Milwaukee

not

";■*

FINANCING—Subsequent to' Dec. 31, 1948, The
Union Light, Heat & Power
Co., a subsidiary, sold $5,000,000 principal
amount of its
first mortgage bonds to the public and offered 20,000
shares of additional capital
stock, $100. par value per. share, pro rata
to its stockholders under their
preemptive rights.
The parent company
exercised its rights and accepted
19,683-38/94 of the additional shares

Net

p.

1948

'•

1946

$717,308

'

141,160
156,768,367

doubtful accounts of $237,550 in

stock.

SUBSIDIARY

notes held

260,681-

$749,801

,

for

t$5.822,639 at Dec. 31*

Net

from

from

common

&

Ffom Jan. 1—

Gross

Net

1947.

of

Chicago & Illinois Midland Ry.-r—Earnings—-

Net

3,981,176

1222.

p, •;

Gffcsi

■

4 147.936
539,933
'
42,579

807,998
269,251,

Ueficit.—V. 169,

reserve

in
on

and

a
program
to increase production, decrease costs, improve
diversify products and further modernize the various oper¬
ating units.
The amounts of depreciation or depletion charged to
expenses from 1938 to 1948, inclusive, aggregate $28,945,837.
With
the
return of peacetime conditions, there
has been marked
acceleration of the program of improvements, as indicated by the fact
that since the middle of 1946 expenditures for plant and equipment
have amohnted to $16,441,837,
During the five-year period from Jan. 1, 1944,
through Dec. 31,
1948, a total of approximately $24,770,000 was expended by the cor¬

95.348

5,147.864

720.290
275,703

from

from

1946

$2,129,629

*

railway—._

railway._____
ry. oper. income.—

Net

•

income

oper.

"After

1947

1948 '
$2,559,725
346,026 '
426,691
132,753
122,976

February—
from ra'lway^—
N§t from railway^—

Gross

business

quality,

2,122,193

127,210

—

___

the

of Colorado Industrial Co.

and

improvements and additions to

part

205,944

„

2,263.299

184,224,824

reserves

for

41,027,478

216,001

„

construction

BUSINESS—Corporation

AND

acquire

agreement

Steel

8,227,202

43,122,843

■;

damages
in

1949,

for

the years 1938

360,349

450,593

decisions.

rate

depreciation

for

28,604
3,157,097
714,000
5,805,626
312.81 <
773,917

31,960
2.981,084
;

liabilities

current

_*.

437,125 5
3,614,261

389,672

12,750,617

surplus

stock at $17.50 per share until Feb. 1, 1950.
522,137 shares of common stock were reserved
conversion of the preferred stock and 629,813 shares
issuance upon exercise of outstanding warrants.

common

between the corporation and Wickwire
effective on Oct. 22, 1945.
The principal
its subsidiaries is (1) the manufacture
and sale of iron, steel and certain steel products, including wire and
wire products, rails and rail fastenings, structural and merchant steel,
wire
rope,
pig iron, ingots, blooms, billets and rods. , together with
coke and by-products; and (2) the mining or quarrying of iron ore,
limestone, dolomite and fluorspar, chiefly for use by the Minnequa
Steel Works of the corporation, and the mining of coal both for use
by the Minnequa Works and for sale.
The production operations of
the corporation and its subsidiaries
are organized in
two main geographical groupings of plants, a western
grouping comprising the Colorado Division and The California Wire
Cloth
Corp.,
a
wholly owned subsidiary, and an eastern grouping
comprising the Wickwire Spencer Steel Division , and American Wire
Fabrics Corp., a wholly owned subsidiary.
EXPENDITURES FOR ADDITIONS AND IMPROVEMENTS—During

27",000,000
17,340,000

27,000,000
19.074,000

$100)

(par

$8.50

stock.

common

surplus

tEarned

stock

value

Contingent earnings

increase

shares

500,000

(par

Co.,

An

15,000,000

preferred

stock

——

business of

45,500,000

45,500,000

to

Spencer

"

$

$

series

par)

erties.

mortgage bonds:

2%%
4%

156,768,367

184,224,824

,

Customers'

-

3,139,150
539,130
6,402,614
563,420 '•

463,134
534,524

$15,000,000
$12,000,000
522,137 shs.
489,143.4 shs.
12,968,295 shs.
1,136.343 shs.
629,813
629,813

stock (par $20)__

(no

21,

reserved

to finance com¬

TO

was
organized in Colo¬
properties of Colorado Fuel and
(subsidiary).
The
predecessor (Colorado Fuel &
Iron Co.) was organized in
Colorado Oct. 22, 1892.
On Aug. 1, 1933, Colorado Fuel and Iron Co.
and Colorado Industrial Co. were placed in equity receivership and pur¬
suant to plan of reorganization evolved,
the corporation acquired all
of
the
property and
assets of Colorado Fuel and Iron Co., which
included the Minnequa Steel Works at Pueblo, Colo., and various iron
ore
and coal mines,
quarries, timber lands, and certain other prop¬

3,462,255

5,958,387
250,036

deposits

&

PRESENT FINANCING
Authorized
Outstanding

EFFECT

GIVING

pfd.

conv.

Feb.

Iron

$

530,000

1_

of

stock

HISTORY

15,000,000

supplies

general funds of the corporation
improvements and additions.

other

purchase

of

were

4,128,115

"Accounts receivable

v*.:,*

"■

1949;

SECURITIES

cum.

rado

trustee,

Prepayments ;

p.

the

for issuance upon

85,000

169,

.

with

"To

1947

3,018,315

at cost

subject to with¬
construction expenditures

with

against

Materials

Other

Cherry Rivet Co.—Capital Increased—
common

deposit

:

"Warrants

138,003,683

i_

T___—_

S.

Special

2,301.093

722,000

liabilities

Unadjusted

18,756,940

239,423,000 204,486,000

public

liabilities

Cdrient

Cash

U.

195,097,463

18,650,440

2,424,843

value $25 per share)

(par

1,

for

program

5%

shares In 1947.

$

fill a vacancy.—V.

First mtge. and coll. trust 15-year skg.
fund 4% bonds, due April 1, 1964___

DEC. 31

154.952,543

Total

common

April

2,856,000

1948

at

to

for election to the
stockholders to be
1223.

St. Louis, Mo., is a nominee
the annual meeting of the

Co.,

18,

gether

$2.89

V-'-;"- '

Utility plant—at original cost

.

pl'd.

on

April

CAPITAL

$5,911,685

1948 and 2,040,000

■'

•

169, p. 204.

due April 1, 1S64.
Corporation will make
listing of the bonus on the New York. Stock
.
'-v.
:J:r
PURPOSE—The net proceeds (estimated to be approximately $11,587,150)
will be used in part to prepay (at the outstanding bank loan
evidenced
by promissory notes of the corporation which aggregates
$7,250,000, and (b) $1,600,000 due to the War Assets Administration
on
account of the purchase of certain
properties, after payment of
a $50,000
quarterly instalment of principal on March 31. 1949.
After prepayment of the bank loan and the amount due to the War
Assets
Administration the balance of the proceeds will be used to¬

1,080,000

$6,857,039
3,141,600

,_

2,244,000 shares In

ASSETS—

"V

Exchange.

$6,991,685

1,080,000

4%

CONSOLIDATED BALANCE SHEET,

13,340,407

of

sinking fund 4% bonds at 100 and interest.

tAs
on

name

Co., New York (sole underwriter) on March 29 offered
$12,000,000 first mortgage and collateral trust 15-yea:v

° 1,254,384

$7,937,039

dividends

"Based

the

204.

Colorado Fuel & Iron Corp.—Bonds Offered—Allen

20,876

.

Affiliated

&

directors

of

on

'iv' '■ *

$8,246,069

"Earnings available per common share

_—

and other reserve

held

4,009,645

deductions

Common

(less depre. & amortiz.)
648,013,593 582,669.980
Miscellaneous physical property {less depre.)__
25,408,792
22,006,945
Sinking funds
.'!u
i
_■
1—
14,291
196,490

changing
p.

Industries, Inc.—Dempsey Board Nominee—
Dempsey, a partner in the investmenf'brokerage firm of

G.

Cook

Common

prop,

Capital

board

$8,225,193

87,094

Balance transferred to earned surplus

V

1948

ASSETS—

Trahsp.

169,

$225,000

Clinton

2,809,656

$9,189,502

dividends,

consider

March 25 filed a letter of notification with yie
first mortgage and collateral trust 5% bonds,

on

company

covering

Dated

4.459,190

revenue

income

Preferred

will

21

Products Corp.—V.

April 1,

pany's

Net

company.

(Pa.) Fire Brick Co.—Files With SEC—

application

$9,102,408

taxes—

income

Income

the

i-'i

Dumont

3,217,778
3,250,146

income

Gross

8.644,563

32,531,958
23,309,904

—

income

Net

;

income

April

on

City

to

.

Newhard

1947

3,407,442
3,511,585

;

taxes

operating

of

1951-1957, to be offered at prices ranging from 98 to 100
according to maturity.
Underwriter, S. K. Cunningham & Co., inc.,
Pittsburgh, Pa.
Proceeds will be used in funding of indebtedness.

....'

3,410,976

Depreciation

•

City Ice & Fuel Co. above.—V.

The

due

$54,804,676 $48,081,203
8,567,847
7,997,543
22,315,227
18,571,242

resale

lor

operation

•,

SEC

YEARS ENDED DEC. 31

revenues

purchased

funds

general

the

to

issue

1948
gross

added

stockholders

Climax

$28,274,632

bond

CONSOLIDATED INCOME ACCOUNT FOR

45,491,503
646,872

4,604,782

8,175,458

income

from

deductions

>'

■

assets

(par

stock

204.

p.

company
-

See

is

$15,000,000

common

City Products Corp.—Proposed New Name—

through

at Dec. 31, 1948, include the proceeds
which will be used in part to finance
the heavy construction
program ahead.
At present it is estimated
that $26,000,000 will be required in 1949 and $14,000,000 in 1950, or
$40,000,000 for the two years, most of which will be spent to increase
the capacity of the plant to meet the increased demand and maintain
adequate service to the public.
The uncertainties of future tax rates
and economic
conditions make it impossible
to forecast exactly the
amount of additional public financing required.
However, it appears
at present that a minimum of $10,000,000 of such financing (including
the $5,000,000
principal amount of Union Light; Heat & Power Co.
bonds already issued), together with cash on hand and retention of a
substantial part of the earnings, may be sufficient through 1950.
Current

of

2,377,421

49,953,597

income

this
'*:>

services.

A

Class

of

City Ice & Fuel Co.—Plans Change in Name—
The

sold at the favorable price of

was

company

169,

be

will

Proceeds

coupon
100.74.
currently serving more customers than ever before.
The volumes of gas and electric sales during the year have been the
largest in its history, and the company's major effort continues to be
the expansion of its facilities to meet the increasing demand for its
of

rate

shares

$12.50) and 2,200 shares of Class B common stock (par
250) in units of one share of each at $15 per unit.

of

Court

Of¬

Corp., Washington, D. C.—Stocks

Credit

2,200

offering

43,114,082

4,070,556

income

Citizens

fered—Emory S. Warren & Co., Washington, D. C., are

These in¬

of these shares being purchased by stockholders
of rights.
A $15,000,000 issue of bonds, with a

exercise

the

Other

Tfttal

obligation

—V.

204,000 shares of common

issue of

an

bonds and

surety

■

share, 92%

Other

38,509,300

,v-

Miscellaneous

/''/ V-;f v'

.

Federal

operating

and

President, said in part:

'

Gas

45,883,041

(net)

income

•

assume

this company being granted increases in both rates.
are
now
under appeal by the city to the Supreme

80,435,349

39,579,661
6,303,380

income

Net railway

Other

subsidiaries are instalment financing
also factoring and writing of fidelity
casualty and certain other types of insurance.
Volume of receivables purchased by financing and factoring subsid¬
iaries for the calendar year 1948 amounted to over $3,000,000,000 and
premiums written by the insurance subsidiaries were over $58,000,000.
Consolidated net income was $17,071,475.—V. 169, p. 1223.
principal businesses of the

The

including related insurance, and

During the year just ended the Cincinnati gas and electric rates cases
were
successfully concluded before The Public Utilities Commission of

In

corporation's
capital and used to supply additional working funds to its

working

Cincinnati Gas & Electric Co.—Annual Report—Walter

Maintenance

Operating

(Inc.),

as

C. Beckjord,

per

as

Proceeds

guarantor,' in respect of not exceeding $2,808,000 of '
equipment-trust certificates, series C, to be issued by the Northern
Trust Co., as
trustee, and sold at 99.277 and accrued dividends in
connection with the procurement of certain equipment.—V. 169, p. 1222.

Ohio.

Brothers are

Read & Co. Inc., Kuhn, Loeb & Co., and Lehman
the principal underwriters.
from the proposed sale will be added to the

named

a

■■■-'/.:;

March

ICC

liability,

Ohio,

are

Dillon,

Rock Island & Pacific RR.- -Equipment Trust

Chicago

The

1959.

1,

subsidiaries.

submitted

Corp.

Boston

Certificates—
and

with the SEC March 30 a registration state¬
proposed public sale of $50,000,000 new debentures
The interest rate and price at which the deben¬
to be offered to the public will be filed later by amendment.

covering the

April

tures

•

bid of 99.1846 for the certificates
as 2'/as.
'
The certificates are to be issued to provide for 2,022 box cars esti¬
mated to cost $8,080,000.—V. 169, p. 1222.

41,926,049

80,759,802
41,180,141

revenues—

•Railway tax accruals

Reilt income

net interest cost

a

2%s received at the competitive
99.464; Halsey, Stuart & Co., Inc.,
as

Hutzler,

&

Bros.

Salomon

First

Total

Net operating

of

'

Higginson

Lee

bid

a

on

certificates

the

for

99.1383.

•

!

expenses

bids

were:

99.32;

335,609,616 313,875,744
254,849,814 233,440,395

Operating revenues
Operating

awarded

was

2.44%.

about
Other

due

Corp.—Registers Debentures—

filed

corporation

ment

$

/.•'.'h$

•

issue

The
of

creases

EqUip. obligation.; & conditional sales agree
Audited accounts and wages payable..
Miscellaneous

to

10,783,627

260,890
2,035,098
3,362,581
6,243,431

.

dividends receivable—

and

Accrued

10,503,902

3,477,034

receivable

Miscellaneous

;

balances

car-service

and

7,444,845
42,767
1,645,710

debt, etc.)
receivable

funded

and

The

dividends, ma¬

(to pay interest,

817,619,301

tured
Loans

11,670,275

Cr2,686,900 Cr2,686,901
27,592,171 40,020,813
25,969,493
6,009,000

invest, in securities
Cash in treasury and in transit
Temporary cash investments—U. S. Govt, secur.
adjust, of

Special depos.ts

11,593,505.

11,157,014

(not wholiy-owned)

panies

24,198,704

advances to affiliated com¬

and

in

20,546,970

„

C. I. T. Financial

were

authorization by the

S

$

•

immediately re-offered, subject to
ICC, at prices to yield from 1.30%
2.65%, according to maturity.

the certificates

BALANCE SHEET DEC. 31

COMPARATIVE
ASSETS—

Monday, April 4, 1949

CHRONICLE

FINANCIAL

&

COMMERCIAL

THE

(1448)

«T,r»ss—V

169.

n.

KlDf

,

448,007

"'451,921

out

Other

iif

„

and

sales

income...

$3,878,351

Consolidated operating profit——
Consolidated net income—

"Based on

$1.86

1947

$915,711

$843,301

206,442
51,661

194; 403
62,124

114,895

1,894,750

2,237,471
462,145
126,567

1,897,190

1,782,429

378,819

258,129

106,345

80;002

income—

oper.

1948

Net

railway

from

railway

"41,699

income—

oper.

ry.

180,917

._

♦Deficit.—V.

169,

1947,

the

Net

ry.

1948

1947

$221„437

-$170,846

$27,318

92,815

96,257

80,929
40,940

*6,477
*28,580

450,957

312,874

128,461

204,487

130,097

30,818

100,691

58,683

*11,836

46,911

46,596

income—

oper.

iv '

From Jan. 1—

Gross

from

Net

from

Net

ry.

\

,

461,099

railway—
income.—

189,072

169,

'

94,603

oper.

'

iV\ vi''

v->

,•

.

railway

"Deficit.—V.

1111.

p.

Columbia Gas System, Inc.—Trustee

Appointed—

The

Guaranty Trust Co. of New York has been appointed trustee,
registrar and paying agent for an additional issue of $20,000,000 3%
debentures due 1974. See offering in V. 169, p. 1223.
*

Greenville

Net

"

■

"

1947

1946

$157,006

$136,810

36,475

24,505

17,075

12,148

The

22,632

'■

from

7,168

Net

ry.

—V.

306,368

57,499

60,028

37,093

30,094

12,647

7,877

of

March

on-

Ohio Electric

par value common stock
stock.—V. 169, p. 800.

Co.—Split Voted

proposal to

change each

from

last

Following

Edison Company

other

to

showed

26, 1949,

year.

past four weeks and
Week

sales

excluding

March

week

a

utilities,

kilowalthour

percentage comparisons

26

and associated
for the week

output

with

totals of

sales

234,511,000

218,990,000

241,373,000

224,420,000

7.6

244,153,000

234,919,000

March

5

245,329,000

235,199,000

an

Southern

with

298,008,102

24,621,241

STATEMENT

OF

Corp.—Weekly Output—

for the corresponding

1949—Month—1948
S

revenue

for

expenses

___

depreciation__

taxes

Federal

week in

1948,

Other

Gross

debt

Amortiz.

debt

of

premiums

4,314,409

54,618,069

15,022,078

63,437

766,713

49,868

1,288,876

(Cri„

82,962

stock

income,

bef.

prfd.

on

parent

includes
Co.

the

two

representing the net
for

the

the

12

of

ten

months

of

Southern

Indiana

Gas

Feb.

28,

ended

Feb.

28,

36,775,992

&

Electric

30,738,749

,

2,867,313

1,694,874
689,996
1,985,4&3

*_

!

debits

1,643,244
534,763
1,867,8.26
1,363,867,803

-•

199,995,259

93,475,000
40,000,000
20,434,110

taxes

debt

ity

3,815,369

discount

(no par, $50 stated value).

\>

771,694

and

for

936,728

offering is to be underwritten by a syndicate headed by Putnam
Co., Chas. W. Scranton & Co., and Estabrook & Co. The public offer¬

ing price and underwriting terms

are to be supplied by amendment.
financing, together with approximately $7,947,121

raised through the recent sale of additional common stock and 3 %
convertible debentures, will be applied to the
financing of the com¬
pany's extensive construction program begun in 1948 and extending
through 1951. This program involves estimated expenditures of $42,637,000, and is expected to require an estimated $14,000,000 of addi¬
-

1,299,816

1,8.52,559

:

.

Edison

Co. of New York, Int.—Annual
Report—The Dec. 30, 1948, order of the Public Service
Commission reducing electric rates of this
company, was
an offsetting item to the record sales of
electricity, gas
and steam

during 1948, according to the annual report to
more than 155,000
stockholders., signed by Ralph H. Tapscott, Chairman of the board, and Hudson R. Searing,

223,773,878
7,144,428

3,107,852

163,552,590
2,900,000
94,603,807

plant

reserve

204,995,294
7,122,945

3,441,635

damages

report

to

have

finds

that

greater

the

order

earnings—not

"is

hampering

less—than

adequately to compensate the company's
attract

because

the

common

1948

it

is

neces¬

figures

stockholders

show

and

to

equity capital to the business so that the immense, construction
vital to the welfare of the customers may continue to be
-financed.
It cannot be
soundly financed with debt alone. New equity
"money too must be ;ui'.plied."
program




1949—3 Mos.—1948

Gas

$2,027,172

$6,786,212
231.029

$5,194,707

60,113

499,657

423,135

1,364.978

133,046

111,352

443,201

1,099,933
380,031

57,141

purchased.

Transmission

Distribution

88,746

74,932

232,257
-342,461

172,248
286,2$4

205,038

826,708

676,19,4

222,514

62,470

and

198,746

217,583

Maintenance—
General

1949—12 Mos.—1948

.

$2,393,990
65,935

revenue

Production

adm.

exp._

(other than Fed¬

eral

income)—

63,575

78,215

251,395

374,300

Federal and State

277,100

877,200

495,500

$888,676

$740,143

$2,216,978

$1,663,253

taxes

income

on

Net earnings———
Prov.
for
depreciation
and

128,880

112,196

497,402

441,458

$759,796

20,785

$627,947
22,318

$1,719,576
123,662

$1,221,794
73,706

$780,581

$650,265

$1,843,239

103,941

69,213

318,343

$1,295,501
254,987

$676,640

$581,052

$1,524,895

$1,040,5.13

depletion

Balance

Other

income

Gross

income

Income

deductions

Net

corporate income
168, p. 1040. ;.'v>

—V.

Period End. Feb. 28—
Gross

for

1

1,363,867,803
*Represented by 11,477,215 shares in 1948 and 11,476,527 shares in
1947.
-(Represented by 1,915,319 shares in 1948 and 2,188,885 shares
in 1947.
(At "original cost," except for plant acquisition adjustments
or
comparable items of approximately $9,000,000.
SAfter reserve of
1,448,676,689

*

$782,050 in

1948

and

$786,668 in

BALANCE SHEET,

depreciation

plant acqui¬
adjustments

Net

.

income

.

plant, at "original cost"—
Capital stock expenseOther physical property, including

Stocks
Other

and

fund

The

N.

supplies

Wigton-Abbott

1

459,902

(includ.

current

504,894
1,500,837
528,330
26,980,673
22,295,053
1,522,444

31,162,316

..

23,696,334..

reserve)_____.

March

Pittsburgh,

Plainfield.

of

Can Co.'s newgiant
was

announced on

which will occupy a 17-acre tract, will contain a floor
approximately 700,000 square feet in a one-story combination
and warehouse structure measuring 720 x 900 feet with
a
two-story section for administrative offices measuring 60 x 240 feet.
The building will be of structural steel frame construction with con¬
crete floors and steel deck roofing.—V. 168, p. 2682.
plant,

of

manufacturing

Continental-Diamond Fibre Co.—Earnings—
(Incl.

and Canadian

domestic

wholly-owned

subsidiaries)
1947

1948

Years Ended Dec. 31—

Gross

etc
$16,738,107 $17,191,493
Cost of sales, exclusive of depreciation—„—
13,745,845
14,087,1-16
Selling, admin, and gen. exps., excl. of deprec.
1,284,338
1,315,395
Depreciation of. buildings, machinery, equip., etc.
231,120
•
251,042
sales,

Gross

Other

less

allowances,

returns,

•_!

profit—

$1,537,940

$1,426,804
122,834

.183,736

$1,549,638

income

Total

income

—

__

$1,726,676

Canadian

taxes

163,905

on

income.-

151,696

523,268

—

—

United States and

Net

629,729

$862,465

income

Dividends

Earned

paid

share
CONSOLIDATED

COMPARATIVE

BALANCE

U.

Govt,

S.

banks

and

bonds,

Inventories

hand

on

4

assets

42,511,166
2,711,889
206,869

__

433,325
1,957,822

30,420,026
2,563,602
157,133
305,803
1,471,916

1,289,336,202 1,213,582,908

SHEET

DEC.

1,333,868

profits

U.

S.

and

3,721,463

98,235
65,381

92,168
63,660

44,496

174,444

———.

—

1,312,601

3,849,644

(neti

:

deposits and prepayments, etc
Mortgages receivable, advances, etc
of

1947

500,000

—

Insurance

portions

31

$910,800

$1,113,425

at cost

receivable

Accounts

459,559
$2.06

1948

ASSETS—
in

$945,251

•»

459.559
$1.88

:

capital

per

160,525

Canadian

taxes

—_

equivalent to sinking fund instalment due

May

1,

'
wholly-owned

1948

Investment

in

and

due

from

English subsidiary
Investment

Property,

in

and

due

from

subsidiary
plant

84,553

84,553

and Equipment

1

partly-owned

f_
(neti

It

.

61,761
3,974,010

68,137

:

4,263,050

trade-marks..—
debt

discount

1
and

*

expense.

Total

1

49,085

62,253

$10,969,885

and

Unamortized

$11,1J8,259

$349,792
338,394

$635,157
297,526

LIABILITIES—

Accounts payable
Accrued expenses
United States

15-year

4%
for

Capital
Capital
Earned

and

_

Canadian

convertible

taxes

on

income—

debentures—

stock ($5
surplus,

i

1,549,000
.

150,000
2,572,795

2,777,538

3,340,099
2,374,632

Dr388,485

Dr388,485

3,340,099

__—

surplus
'Capital stock in treasury
—

*55,000 shares at cost.—V.

150,000

2,572,795

par)

537,535

498,752

1,331,000

—

contingencies

Total
Total

contractors
Pa., it

26.

The

Reserve

" 1,448,677

;

construction

Other work

in progress
Other deferred debits

and

engineers

Corp.,

Mifflin Borough,

Workmen's

materials), at average cost
Prepaid insurance, rents, etc.
Other

2,465,193

3,067,859

$1,281,653 $10,818,818 $11,562,472

J.,\has started construction on the Continental

3,750,000

1,497,394
330,125

less

or

under

(less

205,420

280,754

1224.

p.

plant in West

Patents

149,227,467

6,600,000

from subsidiary companies

and

2,758,104

149,247,055

accounts

receivable

.

; ,
_

—

___

Accounts

3,857,400

3,859,628

$1,487,074 $13,886,677 $14,027,665

$1,497,031

stock

$1,216,277

domestic

Law

Cash

966,164,837
3,431,789

property

debt--:

current

deposit

on

Compensation

$

1,021,779,610
3,183,750

subsidiary companies:
long-term

not

1947

$

—2,103,968

investments, at cost

Securities
Other

——

resale.

Advances,

340,131

Continental Can Co., Inc.—Building Large New Plant

Cash

1948

'

Utility

for

r"v

income

169,

8,054,174

340,155

Balance
—V.

283,762

3,750,993

(7,396,827

de-

(net)

pfd.

300,000

14,178,354

,

$1,827,205 $17,746,305 $17,885,074

$1,837,186

__T

other

and

on

25,000

1,215,512

1,293,368

(

taxes—J
{■.
—•

if
Gross

excess

DEC. 31—COMPANY SEPARATELY

.

Investments ,in

43,076,734
7,673,667

49,431.061
8,421,667

s*
n

25,000

taxes

iqcome

Refundable

1947.

:>-yASSETS—

4,047,016
688,083

of

Cash
Total

$7,802,817 $87,474,213 $80,724,404

4,287,294
770,417

expenses

Provis.

1949—12 Mos.—1948

1949—Month—1948

$8,213,265

revenue

Operating

162,565,280
2,900,000
89.828.04G

reserves

surplus

Materials

The

year,

735,423

surplus—special

Receivables

President.
sary

com¬

1332.

Other deductions

minor¬

credits—

deferred

surplus—special

Earned

held

Consolidated

169, p.

Consolidated Gas Utilities Corp.—Earnings—

1,285,956

expense)

depreciation of utility

Injuries and

Earned

other

1,001,512

in aid of construction

Miscellaneous

:

The

1111.

amounted to 204,000,000 kwh.,
kwh. for the corresponding week of last

(less unamor¬

advances for construction,

Contributions
Reserve

and

3,651,038

1,062,430
6,397,751
2,736,106

liabilities—.

accrued

premium on debt

interest

20,799,373

1,609,996
6,510,976
2,394,149

—1

and

current

93,475,000
20,000,000
18,668,862

26,472,023

payable

Customers'

31, 1948.
Consolidated net income for
1948 includes net income for a full year

company on March 28 filed a registration statement with the
SEC proposing the public
offering of 200,000 shares of preferred stock

169, p.

electricity

Period End. Jab. 31—

.57,365,400

interest

tized

Co.

Connecticut Light & Power Co.—Registers With SEC—

financing.—V.

of

199,700,000

increase of 2.2%.—V.

Operating

35,495,362

3,025,739

:

The

tional

an

construction

cost

etc

mtge. bonds and debentures
payable to banks

Unamortized

and $1,369,926 for the respective companies. The invest¬
of Commonwealth & Southern Corp. in South Carolina Power Co.
disposed of in May, 1948, and ,the investment in Southern Indiana
and Electric Co. was disposed of in
January, 1949.—V. 169, p. 1332.

Net proceeds of the

distribution

pared with

27,318,691

47,822,521

(incl.

rents,

cos.'

Unearned

&

Local

300,000
28,594,447

progress

payrolls

Other

$759,777

Gas

on March 30 announced that System output of elec¬
(electricity generated and purchased)
for the week
end^d
27, 1949 amounted to 211,800,000 kwh.; cdhipared with 209,800,000 kwh. for the corresponding week of 1948, an increase of 0.9%.

company

March

Divs.

deposits
Dividend payable

representing the net income of South Carolina
months ended April 30, 1948 and $1,160,350

income

The

tricity

2,053,888
625,582

Workmen's

Customers'

29,429,079

ment
was

in

Accrued

29,206,622

1,516,124

2,048,452
427,348

J

less

or

under

229,530,540

Accounts

months

1947,

Weekly Electric Output Shows Gain—

292,892,000

Notes

12

80,332,092

1,289,336,202 1,213,582,90.8

Interest

229,547,740

2,047,119

the

144,964

162,565,280

by 11,477,215 shares in 1948 and 11,476,527 shared
(Represented by 1,915,319 shares in 1948 and 2,188,385 shares

1947.

in

173,987,348
6,116,604
145,042
162,565,280
79,827,059

Represented

sition

292,892,000

8,450,977

for

*

.

6,130,236

•___
^

Total

in

General

174,999,927

1,937,341

income

reserve—,

reserves

917,015

143,320

surplus—special

ductions

1,448,676,689

8,974,190

ended Dec.

months ended

cost

assets

Accrued

net

$134,424

for

523,884

189,620,423

of utility (plant-,—

surplus

Federal

preferred stock, without par value

703,340

3,394,822

Earned

$

"Common stock, without par value
Mtge. bonds of Consol. Ed. Co. of N. Y., Inc.
Conv. debs, of Consol. Ed. Co. of N. Y., Inc.

if

NOTE—Consolidated
1949

Power

at

average

deferred

226,451

3,436,740

Unearned

4,025,365
511,179

Law

supplies
at

work

$5 curnul.

divs.

stock

and

currqpt

217,803

corporation

Miscellaneous

1947
*

3,171,428

deposit

insurance,

Accrued
Net

Injuries and damages

prop¬

_

Subsid.

int..

Reserve for depreciation

4,352,781

Treasury certificates of indebtedness—

744,315

stkhldrs.

—

other deferred credits
Contributions in aid of construction—

31

.

Total

of

subsidiaries

101,331
764,532
1,773,272

Payable to subsidiary companies—
Other' current and accrued liabilities

area

370,520

deductions
on

DEC.

4,104,742
V

.

accounts.JN.

Other

768,129

Divs.

604,932
616,699.
1,400,022

__

Consumers Power Co.—Earnings—

sale

on

Other

•

Other

6,159,117
2,736,106

payable

1,316,519,613 1,251,833,060

% %

including

property,

for

Other

14,182,197

v

fuel

active employees num¬
beginning of the year.
inactive employees, was

SHEET,

-

>>'

LIABILITIES

disc.

1947

the

of

$

T-

materials),

54,506,981

1,257,934

62,467

pfd.

BALANCE

expense
fund accounts:

fund

Materials,

19,772,262
26,699,741

5,596,116

exps._

operation

^Accounts receivable

4,453,072

1,298,361

and

Minority

U. S.

5,676,724

subsidiaries—

917,84}

2,394,149

Dividend

increase of 22.2% over
higher rates for steam

an

the

plus

sales

Cash

$

long-term

on

of

in

1948

investments,

Other

$

(25,830,926

income

Interest

$20,635,153,

'y

>

physical

Other

an

4,664,934 j 21,161,110

4,836,033

to

increased

and

erty held

1949—12 Mos.—1948

373,909

1,386,794

Taxes

revenue

a

than

larger

V$f

stock

Prepaid
350,859

9.7%

was

30,284,

Investments

Note)

(See

-<

sales

of

total

Capital

25,038,508 278,924,073 265,990,966
12,270,424 147,739,039 136,456,613
2,133,125
25,260,520
24,102,297

2,251,302

(
taxes—j

income

S

24,491,216
11,376,298

Amortiz. of plant acqui¬
sition
adjustments—
General

INCOME

1948.

1947.

in

Nov.
14, 1947, and also the
clauses in the rates.
At the end of 1948, according to the report,

Securities

CONSOLIDATED

Period End. Feb: 28—

Prov.

in

all-time highs

the New York Steam Corp. amounted to 16,247,.increase of 8% over the previous year.
Revenues

the

Compensation

Operating

electricity, gas and steam

since

ASSETS—

8.26%.

or

2,326,998

6,228,906

higher.

amounted

sales

futility plant

Gross

and Federal taxes

local, State and Federal
for 20%
of the System's
'

reached

those

over

volume
8%■

by

k

1

&

2,163,624

interest

Amort,

weekly kilowatt hour output of electric energy of subsidiaries of
this corporation adjusted to show general business conditions of terri¬
tory served for the week ended March 24, 1949, amounted to 322,629,343
of

than $2,000,000

1948 amounted to 10,176,321,468 kilowatt hours,
the previous year.
Income from these sales

CONSOLIDATED

The

compared

more

paid

taxes

services

7.4%

The
were

4.3

1332.

20,000,000
15,300,750
17,690,188

payrolls
deposits

for

amounts

over

were

pounds,

3.9

Commonwealth

its

comparative statement of earnings for the years
ended Dec. 31, 1948 and
1947 was published in the
"Chronicle" of Jan. 31, 1949, page 496.

7.1

19

as

lesser

$9,815,693

were

accounted

year

of

compared with 29,509 at (he
payroll, including both active and
$110,434,677, an increase of 6%
over 1947.

the

12

increase

with

that production of

these

of

steam

effect

The

% Inc.

March

169, p.

23,223,778

____

Accrued

The

1948

March

—V.

the

6.7%

reflecting

bered

1948:

1949

taxes

adjustment

increase over the corresponding

7.1 %

the

are

electric

Ended—

March

of

these

1947,

Electricity output of Commonwealth

of

to

of

815,000

$5 par value

a

into

in

ended

each

revenues

Sales

Commonwealth Edison Co.—Weekly Output—
companies,-

State taxes

points out

$54,080,031.

and

two shares of

approved

29

$10

common

demands

During 1948, 57,122,838,800 cubic feet of gas were sold for

Southern

stockholders

share

but

increase

an

Altogether,

sales during

industrial
of

The

the

of

$30,000,000 was spent; in
and 1948 expenditures reached

$293,372,463, an increase of 10.2%.
Residential energy
increased 5.7%, according
to the report, while commercial and

sales

169, p. 1111.

Columbus &

<

abreast

1946,

spent,

$35,946,185,

during

increase

amounted

35,959

31,135

income

oper.

keep
In

dollar.

report

Electric

270,239

railway—

from

Net

297,541

312,094

to

$28,562,792.

sales of

and

an

railway

to

revenue

From Jan. 1—

Gross

to

a total of $185,000,000.
$101,000,000 is budgeted,

the previous year.

governments

1948

.

it

states.

229,530,540

292,892,000

Accrued

three

amounted

came;

$150,646

16,801

enable

report

Operating revenues for 1948 were $370,832,235, the highest in the
company's history, according to the report, and compares with $335,893,718 in 1947.
Operating income for 1948 was $49,286,818 and the
net income for 1948 was $36,824,880,
compared with $32,709,680 for
the preceding year.
The rate earned on the common stock was $2.31
a
share in 1948, compared with $1.90 a share in 1947.
While operating- revenues were
10%
higher in 1948 than in the
preceding year, operating expenses were up 19%
over those of 1947,
totaling $179,572,373.
This increase reflected the larger amount of
business done as well as the higher costs of almost everything used
in operations, including wages, fuel and materials.
Total taxes of the System companies in 1948 were $74,324,670. Local
taxes

*

1949

income

oper.

ry.

Ry.—Earnings—

$150,624
27,268

February—
from railway
Net from railwayGross

1949,

next

over

Columbus &

the

years.
Present plans for the four-year period 1949-52
construction expenditures totaling $250,000,000.
Forward*
requirements are under constant review and future plans
are,
of
course, subject to substantial change as conditions change."

1946

1949

railway
railway

'

contemplate

$230,383

from

from

decision."

rate

total of $76,000,000 was

a

"For

February—
Gross

the

after

"to

war

$79,000,000 for

Colorado & Wyoming Ry^—Earnings-

Net

the

after

Customers,"

1005

p.

and

before

Realizing that the demand for electricity, gas and steam would
increase, the System embarked <upon ah extensive construction program

199,995,259

.

——_____

Accrued

Unamortized premium on debt (less expense)
Customers'
advances
for
construction
and

both

33,628

From Jan. 1—
Gross

Net' from

cum. preferred stock,
without par value
174,999,927
stock, without par value
221,547,740
Mortgage bonds —292,892,000
Convertible debentures
57,335,400
Notes payable to banks—40,000,000
Accounts payable —:
16,888,658

Customers'

among

9

LIABILITIES—

($5

"Common

had overstated the depreciation accrual for the 12-month
period used by $2,278,000, in spite of the fact that such accrual
conformed
to
orders of the Commission issued
in financing cases

1946

$1,067,867

1949

reducing

in the

company

221,440
107,983

Net

On

other factors to an alleged
deficiency of $95,500,000 in the depreciation reserve on property devoted
to electric service, based ifpon the disputed testimony of an opinion
witness
for
the Commission.
The
decision also charged that the

Ry.—Earnings-

$1,038,983

February—
from railwayfrdm railway

Gross

order

of 10%

(1449)

ordered,' the corporation said

was

relief.

Supreme Court

calculation gave consideration

sion's

169, p. 800.

523,174 shares currently outstanding.—V.

Colorado & Southern

Net ry.

$975,992

$4.22

'

Commission's

centage reduction

$1,693,765

$2,208,448

—

■'Net income per share common

York State

New

electric rates applied a flat per¬
company's rates to all general con¬
sumers
for electric service (exclusive of fuel surcharges), the report
explains.
"In arriving at the amount of the reduction, the Commis¬

$94,768,840 $73,888,968

—

reduction

the .courts for

to

the

of

,

The

Total

rate

CHRONICLE

FINANCIAL

&

March 14 the Appellate
for the Third Depart¬
ment,
sitting
in Albany, N. Y., granted the company's application
for a stay of the temporary electric rate order pending final determina¬
tion of the company's, appeal,
:
~

-1 $93,994;886 $72,988,912
Operating income—storage, grinding, etc.
773,954
900,056
:

_•

_

the

apply

Division

sales, less returns, allowances and freight

Gross

time

would

it

Feb. 29, *48 Feb. 28,'49

Nine Months Ended—

the

At

Co.—Earnings—

Colorado Milling & Elevator

COMMERCIAL

THE

Number 4791

Volume 169

$10,969,885 $11,118,259
168,

p.

2006.

'Frank

'

elected

been

Las

acting President to fill the vacancy
Bramer, according to Henry
Board.—V. 169, p. 376.

of the

Chairman

Eugene

S.

Net

ry.

Sub.)—Earnings—

Cory Corp. (&

Net

Sales

1947

$6,960,993

326,307
646,250

$9,689,758
1,234,488
646,250

$0.50

—

of

No.

taxes-

after

profit

Net

$1.91

—

shares—r_____i.I-.-_—_—_—

common

'—V.

169,

,

——'

;'Per common share—_——._—

—V.

169,

on

group

at

awarded to the group
i

Seven

—V.

ward, to 100 on or after April 1,
under an improvement and sinking
par.

Corp.,
& Co.,

the

be

to

estimates that its construc¬

PROGRAM—Company

CONSTRUCTION

tion

•

1947

r

1948
$5,067,128
1,704,531

673,223

8,548,756

its

9,557,351
2,383,425
1,555,086

1,629,790

$14,620;943 $32,322,007 $34,248,354

—l

987,229

14,395,000

27,002,696.

$8,550,943 $19,269,993 $19,853,354
$0.97
$2.20
$2.26
v
'
-

$38,396,579
$4.3&

1

13,052,014

6,070,000

the

with

not

does

Earned

Capital to Provide for

share;_____

per

168,

Chemical

Net

March 15 said in part:

on

profit

for

1948

$4,909,523

was

'

•

.

.

with

•compared
Stated

^

Dies in Plane

Dow

W. H.

'r

Net

ry.

frbm

Net

as

Net

on $4,120,583 on net sales
896,504 shares of common stock

ry.

$260,033
*1,111,980
*1,200,473

•>

515,007

418.559

420,054

318,502

*2,757,543

*2.216,774

*1,777,466

*1,556,911

*1,930,775

*1,655,036

*2,414,569

*2,946,068

J.

income.

oper.

1006.

169, p.

•

Pacific Ry.—Earnings—

Duluth Winnipeg &

>

'

-

1949
:
$307,600

February—
*
Gross from
railwey
Net

railway
oper. income

ry.

railway

frcm

Net

Net

ry.

u.
,

income

oper.

*Deficit.—^V.

$279,900
.65,083

88,224

.

6,569

61,603
; 1,310

169,

826.500

577,100

514,100

262.943

139,440

136,791

67,032

594,700
87,476
*20,864

,;

railway——

from

21,785

31,951

1112.

p.

•

series due Feb. 1, 1967
— (''Unlimited
series due April 1, 1979—v—j
" "
3Vs% skg. fund debs, due ,1973——
$4,000,000
4^2% pfd. stock cum. ($100 par)—
74,430
Common stock (no par)
—
:—i','? 2,500,000

on.

Outstanding
J$16,000,000

Authorized

-

■

3Vi

f /

•

East Coast Electric Co.—Income

Statement3 Mos.

12 Mos.

$319,405

$1,174,488

Tctal

operating

revenue...

Total

operating

revenue

entailed

included
'

Other

Cleveland warehouse plant.

•

of-annealing facilities at the Detroit

Modernization

mill.

above

DrQGI

for

168,

_1

'

~

20,088

~

.

.

,

'

Years Ended Dec. 31—

_1

,

Associates—Disapproval of Plan

Fuel

&

Gas

with the electric utility
systems of Texas Power & Light Co. and Texas Electric Service-, Co.,
affiliated companies operating wholly within the State of Texas, both
of which companies are subsidiaries of Texas Utilities.
v

;

interconnected

is

system

company's

The

of

Cost

Suggested Unless Allocation to

,r:7
1947

1948

s

Disapproval
modified

earred—$29,735,160 $25,717,720
17,383,703
sold_—1—______
20,635,689

and. commissions

Net sales

products

♦Provision

for

Ck.'
expenses—1,553,118

,—L—77: ■

inventories

Selling and administrative

CALENDAR YEARS

EARNINGS FOR

OF

Operating

'

1945•

4,116,510

3,304,729

799,756

627,139

516,809

Depreciation %

1,149,173

953,422

937,649

918,188

and

income

Federal

deductions

Federal

on

1,473,455

1,290,183

1,550,573

1,541,104

$3,349,676

$3,195,489
570

$2,027,756
7,996

$2,923,858

13,029

Net oper. revenues
Other income—Interest.

-

Net

6,626

Earnings

$3,362,705

$3,196,059

745,948

637,401

640,054

$2,616,757

$2,558,658

$2,035,752
635,242

$2,930,484

$2,290,430
599,733

deducts..

"

'

■"

and

income—
to

612,019

res..

surp.

;

..

812,010

these

$287,500.

■

■

.

UNDERWRITERS—The

.

...

"

/

of

names

respective principal amounts to be
Peabody

Kidder,

& Co

Blyth & CjD.> Inc

M.

—V.

169,

1224.

■,

Decca Records,
Milton

:./■

V

■,

Mr.

Kapp
was

later

was
one

p.

1947
$5,742,465

14.179.319
' 2,401,595

12,088,134
2,198,790

10,565.171
2,120,779

981,756

948,587

895,345

1,061,556

Net.from railway
ry. oper. income—

Net

From Jan. 1—

Net

from

Net

ry.

railway

Income

oper.

1,016,375.
408,612

ICC

on

New

York,

dends

V.

169,

in
p.

the

entire

—V.

168,

as

March 23

trustee,

,

•

,7-j"

31,

'

1948

■/

common

stock.

single class of common stock for its
stocks (the bonds and 4Vs%■ prior

»

fair

part

chance

the

mittee

expressed
had

which

>

'

Corp.

V. -169,.p.

•

disagreement with the preferred stockholders' comthe disposition of Eastern's interest in The
its subsidiary, The Virginian Ry., of Norfolk.—

urged

and

Virginian

1332;:...

..-

Subsidiary Companies—

Maintenance

Retirement

^i._-

accrls._

res.

'

General

taxes_———

Federal income

taxes—_

2541.

to

1949—Month—1948 ,\ 1949—12 Mos.—1948
%
•
$1,444,489 $1,346,679 $15,587,722 $14,205,750„
923,133
907.441 10,559,995
9,435,142
59,188
:
55,959
717,826
589,018
62,486"
62,393
748,793 •
750,7851
117,235, , - 103,312
1,229,535
1,145,139
86,830
. 66,057
790,053
766,0"l5

—r—r-——-'.~i—

tax

Total

Jauary,

successfully precluding any recovery
made for any liability in this

has been
alleged

might approximate

expiration

1947,

date

of

'

"

$250,000 for
the patents.
»

Net

income

Preferred
:

'•

$195,616
25,214

dividend

——

" $151,516
28,276

'$1,541,517

$179,792

$2,126,708

585,190,

.

30,937

402,581

$183,231
$148,8.55
requirements — Blackstone

$1,724,126

37,599

I

.

$220,830

deductions

'

^

-

Utilities Associates (& Subs.)—Earnings—-;

Eastern

Operating revenues
;
/Operation
L_—'
'

....

..

,.

Period End. Jan. 31— %

Cold Metal Process Co, commenced
alleging infringement of
certain cold
believes that the defenses ad¬

for

basis

present 6%: preferred and common
preference stock would remain "a

of

Division

.

corporation

No provision
on

period
p.

1945,

23,
The

•

Eastern's capital structure).
It took'the position that, when
and
if an appropriate recapitalization is effected,
Eastern would be
entitled to an exemption as a holding company and, therefore, would
not have to dispose of any of its properties or interests.
Thus, the

t

(estimated),

corporation

*

; '

The

reserve-

estimated

token allocation

stockholders are'entitled only to a

common

new

Division also urged that the Commission should order simplification of the capital structure of Eastern
through substitution of a

•

'

$1,519,649
535,907

.

$2,055,556
•

382,196

$1,673,359

.77,652

77,652

$1,646,474

Valley Gas & Electric Co

$1,595,707

.

I
Applicable to minority interest
Balance

authorized

the company

to

assume

and sold
with

the

1224.




at 99.176%
procurement

February—

Net

obligation

frohi
ry.

1948
$1,450,153
634,136

1949
$1,604,297
,

from

Net

of par and accrued divi¬
of certain equipment.—«

Applicable to E. U. A._

Detroit Toledo & Ironton RR.—Earnings—
Gross

in

connection

a

which

984,997

1

trust

have

litigation

493,630

respect of not exceeding $3,780,000 2y2%' equipment
certificates, series H, to be issued by the First National Bank,

liability

the

patents.

by the. plaintiff.

$5,022,087

Equipment Trust Certificates Authorized—
The
and

%:■ <-b.

—

23,767

23,028

$1,622,706

$1,572,679

•

.

railway

from

Gross

vanced

1946

1948 .
$7,239,741
1,047,915--.1,341,223
447,325
562,585

$6,274,056

mill

$57,229;

less

income

on

March

against

lolling

RR.—Earnings—

1949

>

•

accounts

liabilities,

taxes

NOTE—On

13,244,488
2,242,357

*
railway,-

February—

after applicable

payable, $1,718,363; wages and botaxes withheld from employees, $386,194; taxes alid

inventpries,

Federal

2322.

Delaware Lackawanna & Western

from

stock.

'■
for replacement of last-in,
refunds ($37,793), $63,083,
'.r
Utility oper.'income—
$3,055,224; common stock' ($1 :
Other income (net)
par value),-$896,504; capital surplus,"$3,311,735;
earned surplus, $7,643,609; total, $17,131,940.
Gross income—

first-out

suit

Gross

374,138
of the

issued

of

(aggregate redemption

and

miscellaneous

Executive Vice-Presideht, has been
who died suddenly on March 25.
the firm's founder and its .first President. Mr. Rackmil
of the firm's founders, serving first as Treasurer and
168,

payable

nues

formerly

Vice-President.—V.

as

stock would receive 85%

6% preferred
stock to be

common

present

..

..

1

plant, and equipment
and $179,537 for the year 1947.

DEC.

BALANCE SHEET;

interest

.

of property,

depreciation

LIABILITIES—Trade

elected President to succeed Jack Kapp
also

new

-Eastern's plan provided for a 73.8% r26.2%' distribution of the new
shares among the 6%
preferred and common stockholders.
Eastern's parent, Koppers Co., Inc., which owns 78%
of the common
and 14.% : of the preferred of. Eastern, had urged a 44%-56% distribu¬
tion of the new common shares.
On the other hand, a committee for
holders
of
Eastern's 6%
preferred stock had contended that the

provided
first-out in¬

securities—at cost and
prices $2,180,619), $2,187,429;
trade accounts receivable- (after allowance for losses of $21,147), $1,104,055; • refundable Federal income taxes for prior years,7$246,259;
inventories—at lower of cost (last-in,
first-out method) or market,
$3,027,922;
cash
surrender value-of
life--insurance, $162,130;
land
contracts and mortgages receivable,
and residential property .acquired
for sale to employees,
$218,521; land contract receivable from officer,
$16,659; miscellaneous' investment,
deposits, and accounts, $137,443;
property, plant, and equipment (after allowances for depreciation of
$1,271,987), $6,043,009; deferred charges, $277,318; total, $17,131,940.

1,000,000

.

of last-in,

ASSETS—Cash, $3,7-11.197; U. S. Government

accrued

Inc.—New President—

Rackmil,

R.

$1,562,445

3,000,000

>> •

/"

i

replacement

$31,489 in 1947 and $143,428 in 1948,
refund's, were;charged to the reserve.

;

3,000,000

,_j_

I

Loeb, Rhoades & Co
p.

mon

the amount of $238,000 was

to

NOTE—Provision for

7

—

—

of

amounted to $196,222 for .the year 1948

-

the several underwriters and the
purchased by them are as follows:
$3,000,000

Pierce, Fenner & Beane—

Merrill Lynch,

Carl

—

'

'

,

r

series bonds will

interest charges on the $10,000,000 of 1979

Annual

"■

$1,690,696

$1,746,647

—$2,004,738

Balance

amount to

,

in

" cost

liquidated during those years.
In 1947 and 1948 certain of
inventories were replaced and £h£ excess" costs of replacement,

income' tax

Crl61-,935
...

reserve

a

excess

$4,120,583
1,853,433
• • 823,7.48
$5.00

ventories

*.

$1,400,509

1947

__-

share—

common

per

estimated

the

amounting
Net

24,802

2,506,291

$4,909,523
2,675,670
/- 896,504
; -7
$5.48

i.

paid
outstanding

shares

♦In 1946

income

Transfer

income—estimated-

.profit
dividends

Common

for

income

143,538

,

of

common

rj

Total

1948)

in

——

,

Cash

Gross

taxes

-

ex¬

profits taxes—

cess

1,398,538

1,420,727

1,696,914

1,887,125

taxeS—

income

eral

Fed¬

than

other

Taxes

(retired

debentures

on

...'V:,

under the reorganization
plan.
Dividend arrearages on this preferred stock now amount to
$35.50 per share.
The remaining 15% of the new shares would be
allocated to holders of Eastern's 1,988,400 shares of outstanding com¬

$6,795',213

$7,821,239
.27,583
v
8,259
2,875,874

Total
Interest

Miscellaneous

.

statements Of position had been

recommendations, .holders of Eastern's

Division's

outstanding

of

shares

J

-

"

vh

filed after

the

by

Under- the

48,813
,

was

for

allocation

SEC.

shares

3,434,6$9

1,201,523

4,595,551

—

$6,'746,4p0

^$7,546,353
,'j-:J1
2T4.8&6

IL

Li-Li

$9,769,438

Maintenance

Operation

.!

Other income

.

$13,724,154 $12,312,667 $10,504,287

revenues

income^

Operating.
•

1^46

1947-

1948

the

other parties who are to have an opportunity later to
present reply briefs and make oral argument before the Commission
in support of their respective positions. .
'
,
,
' , .
filed

1,461,617
,

SUMMARY

plan

a

Division views were

The

;

.

_

d?l

the

of

.

126,000

6% Preferred Is Increased

reorganization of the company, unless
of new securities to 6% preferred
recommended today by the Public Utilities Division

of

increase

to

stockholders,

first-out

last-in,

of

replacement

91,949

$159,948

taxes

2006.

p.

Eastern

-COMPARATIVE INCOME ACCOUNT

•

56,528

—

$35,469

income

,

■

$308,427

15,055

w

Federal

income

Net
—V.

11,733

$70,613

deductions—

income

completed as
than

virtually

are

'

the current year.

$500,000 during

$296,693

entail expenditures of more

probably

date, and

this

projects listed
will not

major

the

of

All
of

..

■>.

income

Gross

Prov.

and

877.794

$71,480

income

Total

^enlargement of power plant„;'fabilities at* the
Detroit
mill, including installation of a new bqller and automatic
coal handling, and storage facilities.
Modernization

t

247,924

—

?.

__L

income

Operating

deductions——-

plant at New Haven, Conn.

Eastern

New

....

Period Ended Dec. 31, 1948—

_;v/-

v

corporation's

New

incorporated^ in Texas

Sept. 22, 19171' Compan^ is a public utility company operating wholly
within the State of Texas«and is- a subsidiary of Texas Utilities Co.
and of American Power & Light Co. and of Electric Bond and Share
Co.
Company is engaged, as a public utility company, in the- genera¬
tion, purchase, transmission, distribution and sale of electricity.
It
sells electricity to residential, commercial,
industrial ahd government
and municipal customers and buys from, and sells electric power .and
energy to, other public utility companies.
'
" '
.' '

-

.

shs.

<

1948..V :'

1,

modernization and expansion program
of- -approximately $4,000,000 during- 1948 and
the following major projects:
.
The

4,000,000 V. :74,430 shs.
shs. t 341,249 shs.
as
to authorization: but issuance limited Jby property,
other provisions of the mortgage and deed of trust.
, .
BUSINESS—Company was

July

expenditures

-

(. 10,000,000

27/8%

HISTORY AND

'

$260,800

.A

'

From Jan. 1—
tGross

1946

1947"'

~

165,159

$454,000

47,231 C
*5,613

.Net .from,
-

1948

--;•••

-

['

*749,500

.

^

,

^Unlimited

*715,463

railway-

♦Deficit.—V.

'

earnings and

,

$184,784

$251,599
*835.857
*901,482

railway.'...

from

Gross

*1,304.174

:

income..

oper.

From Jan. 1—

.

$329,387

n,214.723

1946

1947

1948

1949

railway—. 1"

from

'

f

v;; v-'. ;■

Ry.—Earnings

Duluth Missabe & Iron Range

;

net'sales of $29,735,160

on

Dr.

—

•

the

in the Fund.

■<'';;-v".'

.

February—
Gross from
railway—..

profit

1947

basis of

the

on

Co.

V

Net

.President,

registration statement with

a

Dr.j Willard H. Dow, President and Chairman ^of this company, his.
and three other persons were killed
on March 31 in thb brash
of their private plane near London, Ont., -Canada.—V. 169, p.
1006.

Ziviaii,

Corp.-r-Annual Report—Max J.

Steel

Detroit

filed

29

wife

President of Great Lakes Steel and National Steel,
and Robert R. McMath, scientist, engineer and industrialist of Detroit,
have been elected to the board of directors.—V. 169, p. 1224.
■

.

^

March

on

company

Francisco—Registers With

San

.

:t-

Fink,

R.

George

•

*

.

Crash— *.; v

approved will provide for future
Any offering of stock
would, of course, first be offered

been

Fund,

Cox

&
.

Dow

stock will immediately be issued
have a sufficient amount available

of a security convertible into stock
to the stockholders of the company."

•

the

if they become desirable.

when and

'

SEC covering 17,000 Beneficial Shares

.

,;

which has

"The'authorization

.

stock from
stockholders " on

capital

authorized

in

The

c

new

to

will

stock issues

2429.

p.

SEC—

New Directors—

increase

that

mean

—„i

profit

*—V.

.

•

$65,401,275

and excess prof-

.

,

'

•

.

,

•

First mortgage bonds:

.

1949—6 Mos.—1948

1949—3 Mos.—1948

operat-

taxes

Net

'

•

lOfj',909

Corporation-Seagrams Ltd.—Earnings—

all

ing charges

.

:

354,069

217,880

1112 and 699.

after

Income

of $25,717,72i.
outstanding at
Dec. .31,
1948, per share earnings were $5.48 in 1948 and $4.59 in
'
; 1947 (1947 earnings amounted to $5.00 per share on the 823,748 shares
The completion of construction started during 1949, together with
outstanding during that year).
_•.'■%•
y
other construction
necessary because of the rapidly increasing, load,
The corporation's long-term debt consisting of 20-year 6%
sinking
will require expenditures during 1950 and 1951 estimated to aggregate
Vfund debentures outstanding in the amount of $2,392,300 on Dec. 31,
$21,488,000, of which. amount approximately $13,596,400 will be for
1947 was retired during the year.
Debentures in the total principal
steam electric generating facilities and approximately $5,546,000 will
vbe for additions and' improvements to the transmission and distribu¬
f amount of $1,818,900 were surrendered in exchange for 72,756 shares
of common stock on the basis of four shares of stock for each $100
tion system.
~ ■ ', . ■
"
;•
.•.
principal amount of debentures pursuant to the offer of exchange
The proceeds from the sale of. the 1979 series bonds, together with
.{! made on Feb. 5, 1948. All the debentures surrendered were retired
'funds derived from the company's operations, will provide the company
which
resulted iii a
corresponding increase in stockholders' equity.
'with sufficient funds to cover estimated expenditures for its construc¬
The common stock account was increased in
the amount of $72,756
tion program for the year 1949.
The company has not yet determined
which represented the aggregate par value of the shares issued and
fthe method or means by which it will finance expenditures for its
the capital surplus account was increased in the amount of $1,746,144.
construction program for the years 1950 and 1951*..■
Debentures, not-exchanged by June 5. 1948, the expiration date of the
offer of exchange, amounted to $573,400 and were redeemed for cash
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING

distri¬

improvements to transmission and

income'—1

169, pp.

•Profit

$4,454,221
1,146,230
763,417

$4,219,113
990,293

1,115,285

or

for the year 1949 will cost approximately $11,107,880, of
approximately $6,583,390 and $3,816,840 will be for steam elec¬

tric generating stations and'
bution system, respectively,

1

railway

oper.

Period End.-Jan. 31—

1946

,

10,373,203
3,267,808
2,130,655

enable the company
for future financing needs.

program

«>which

54,440

730,47£

1,091,121
614,722.

1,258,382
697,744
229,686

1,204,723'
643,426
253,159

railway.—7

from

Distillers

Western RR.— -Earnings—

to
15,000,000 shares,
approved by
Prentiss M. Brown, Chairman, said:

15,

/"This

but

;

proceeds to' be received
of the bonds, together

$2,500,000 as of March 31, ,1949, made from Texas
Utilities Co. (parent), to meet construction requirements prior to the
.feale of the 1979 series bonds, for the construction of new facilities
.and for other corporate purposes; »
,V"'%
estimated

income

connection

March

fund at prices ranging

by the compahy from" the
with additional funds from
company's operations, will be used to pay short-term borrowings,
sale

and

—V.

924,151

railway

oper.

10,000,000

.

,

PURPOSE—Net

ry.'

11,210,181
2,780,001
1,464,030

railway

169, p. 1332..

In

,

,

Issuance

from

Net

Dodge

v

They are also redeemable
from 101.38

1978.

Net

783,384

Future Stock Issues—Two

dated

are

Gross

1,429,083

687,604

Detroit Edison Co.—Increase in

April 1, 1949; due April 1, 1979.
By .regular
redemption the bonds are subject to call at 104.38 during the 12
'months ending March 31, 1950, and thereafter at prices ranging down¬
Bonds

to

from
ry.

other bids,

100.711; Salomon Bros; & Hutzler, 100.68379; Union Securities
100.67; Halsey, Stuart & "Co. Inc., 100.6191; Harriman Ripley
'Inc., 100.455; The First Boston Corp., 100,36.
v ,.

I

7,G48,212

1,571,103

858,791

income-

oper. -

from

Net

each naming a 27/a% coupon, were received at the
These-were: Equitable Securities Corp., 100.881; Lehman Brothers,

sale

8.082,096

1,791,771

1949
$6,044,100
1,760,669

.

railway

Net

of 100.9099.

awarded on a bid

The issue was

i

ry.

178,056

110,434

From Jan. 1—

Gross

priced at 101%
maturity were
competitive sale on March 28.

accrued

and
.

& Co.
mort¬

bonds due April 1, 1979. The bonds,
interest to yield 2.807% to

gage

9,190,693

1,227,643
513,958

railway

from

from

Net

Co.—Bonds Offered—An invest¬

headed by Kidder, Peabody
March 30 offered publicly $10,000,000 2%% first

ment banking

360,735

$367,87b

317,718

1332.

February—
Gross

Pallas Power & Light

-

662,267

311,871

8,515,809

—

income—_

p.

Net

'

railway

oper.

Denver & Rio Grande

4.

p.

741,114

509,573

1946'

1947

$558,951

railway—:.

from

From Jan. 1—

railway—

from

from

Net ry.

1948

Months Ended Dec. 31—

12

$3,400,411

1,022,204

Gross

From Jan. 1—

Gross

!

$3,863,356

oper.

Earnings-

1949
1948
'
$582,161
$624,680
Net'from railway—313,307 '"
350,423
Net ry. oper, income—s
121,087
115,164
February—

..

$4,685,379

railway—822,119
income-—
376,513

from

Net

'

1

:

J,.

caused by the
G. Riter, 3d,

1-946

1947 '

1948

Line RR.-

Detroit & Toledo Shore

Earnings—

Corp.

1949
$4,213,055

railway—"..

from

Gross

Monday, April 4, 1949

FINANCIAL CHRONICLE

&

& Hudson RR.

February-—

Vice-President since 1947,

as

of

death

recent

has been First

Kaplan, who

8.

R.

Delaware

Acting President—

Copperweld Steel Co.—Kaplan
t

COMMERCIAL

THE

(1450)

10

railway
railway

1947
$1,145,251

434,369

350,307

542,688
291,953

raOway
railway...

3,228,527

2,761,619

2.421,274

income

898,099

1,216;419
670,055

1,186,341

oper.

income

813,177

1946 "
$837,672
323,678
155,999

from

Net

from

Net

ry.

—V.

oper.

169,

p.

1006.

of

subs.;

Non-subsidiary

1,666,671

*

634,210

1,777,431
721,651
• 351,446

Expenses,
Balance

—V.

—-

—

Associates—
as

above_-___—

income

—

;

Total

From Jan. 1—

Gross

Eastern Utilities

Earnings

1

taxes and interest-

—

169, p. 1224.

—:

'
»T. *.
$1,622,706 $1,572,679
255,604
236,240

157,965

$1,^08,920
192,814

$1,720,345

$1,616,105

$1,878,311
,

...

I.-.

between

arrangements

manufacturing

Through
'

the

and

company

in

St.

Co.

will

Motors

offer

Corp.,

Electric

168,

To Redeem 6%

—

its

latest

£460,000

6%

July

1949

15,

shares

redeemable

ated

available

be

to

order

to

each,

it is

create

£1

of

for

pari

(ranking

each

shares

preference
issue

the

in

if

future

Period End. Jan. 31—

with

and

be

$1^612,713

1,352,579
149,782

Retirem't

6,333

.79,903

76,000

14,432

General

12,612

165,721

142,862

11,210

12,025

55,846

73,373

taxes

Federal

income

Net

taxes—

$22,793

$18,133

$185,712

no

option to redeem all or any part of the preference
per share
on or after June 30,
1959, upon giving
notice.—V. 169, p. 1224.

4,794

70,597

86,520

•

•

Gross

$30,755

Deductions

from

$22,928

$176,310

formation

the

of

common

a

support of corporation's dissolution

plan

stockholders'

was

committee

1,429

38,810

11,720

gross

income

,_i—__

Net

—V.

169,

$137,500

of the U. S. District Court for southern New York April 12.
plan already has been endorsed by the SEC.
V
new. committee will take a stand in opposition to the Cameron

Clancy
The

^

The

Biewend-Christian
.

Johnson

of

group

common

stockholders

for common stockholders.
dissolution
plan, Electric
Power

participation

greater

ask

who
;

' :7

the'

_

«

undistributed
would
and

distributed

be

Fed.

Light

among

1948—3 Mos.—1947

capital stock

_

$2.13

.

Television

Farnsworth

Corp.—Stockholder

Radio

&

Sale—

Fed.

44.679

368,748

220,556

878,865

INCOME

ACCOUNT

39,799,284

176,470,426

to

go

seeks

suit

,$1,000,000

84,779,694

taxes—_

3,530,627

4,415,365

16,521,125

70 957,919
14 091,799

380,187

367,507

1,623,794

1 455,127

3,660,336

3,038,328

14,023,597

11, 914,146

64,239

64,239

256,958

of

Mr.

loan

to

further

bar

into Feb.

entered

4,899,080

2L152.833

18,138,791

utility plant
acquis, adjustments!
Prop, deprec.
& retire.

V

inventory." :
In a previous

Net

oper.

of

7,924,610

38,112,425

89,250

87,464

357,000

income-

income

33,676,623
346,356

8,181,913

7,837,146

37,75^,425

33,330,267

381,743

280,251

880,092

646,084

plants
__!%

Operating
Other

8.271,163

revenues^

lease

—

sale

action

on

(neti

__

income

Interest
other

to

8,563,656

public

8,117,397

38,635,517

33,976,351

2,383,684

1,864,270

9,217,003

8,556,713

and

deductions

the

of

(net)

a

6,253,127

29,418,514

25,419,638

400,386

400,386

1,601,544

1,601,544

public

Harry Hecht,

suit,

assets

Farnsworth

of

stock

of

shares

being

also

to

I.

a stockholder,
T. & T. Would

further

depressed

that

said

Portion

,

___

applicable

minority

5,779,586

5,852,741

27,816,970

23,818,094

210,771

262,658

1,260,761

1,196,805

___

of

equity

inc.

of

Corp.

subs,

Net

equity

inc.

of

of

Other

5,568,815

5,590,083

26,556,209

22,621,289

March

16

notification

of

letter

a

class

without

fractional

filed

was

with

certificates.—V.

163,

have

of

called

been

for

redemption

fund.

staking

the

5,568.815

5,590,083

26,556,209

22,621,289
185

income

Total

5,568.815

5,590,083

26,556,732

22,621,474

__

370

486

1,831

Firth

'

SEC

the

45

$1,375,000

of

___!

(other

on

93,324

than

income)

Other taxes

9,137

Expenses
Prov.

for

Fed.

taxes

next, through
3%
debentures

1,

20-year

Carpet Co.—$4,000,000 Loan

March

company

In

letter

a

30

stockholders

to

says

that

adds

that

"Your

and

concluded

continue

sales

12,668

44.679

36,537

368,748

agreement with

its

announcing the loan, Harold E. Wadely,
running slightly ahead of a year ago
has sufficient confidence in the

are

future

expansion of the company's business.

plan of further expansion

of the business."
Of the proceeds, $860,000 has been used to retire and cancel all of
the
outstanding 4% mortgage bonds previously held by Metropolitan,
thus eliminating any mortgage or lien against any of the company's
assets.
Premium
for
prior redemption of-the mortgage bonds has
been waived.
The remaining portion of the loan will be set aside for
Pointing out that 59%

1

invested

out

business

the

in

that under

41%

and

terms of

the

dividends

in

not

out

in

dividends,

Mr.

75%

of

future

profits, plus

re¬

Wadely

236,926

220,556

878,865

of

not more

past

Mr. Wadely cautions, however, that this provision "should
taken
as
an
indication
that your
directors will necessarily

not

be

it

the

in

interest

best

stockholder

the

of

business

the

or

5,229,058

5,286,586

25,262,609

768,556

much

as

the

has

"This

p.

to

future time, to
to $3,000,000.
The amount

banks

its

when

unlimited

up

the

any

Metronolitan

has

loan

been

$2,500,000.
Mr. Wadelv adds that:
not mean that your directors will consider it wise to tap
of credit to more than a limited extent."
The borrowing

does

source

the

increases

from

loans

repayment

through

provides

reduced

been

permitted, if deemed advisable at

is

loans

of future profits

.75%

as

loan

short-term

such

reduced

to

with net additional cash of $3,140,000 and
capital by $3,495,000, or 32%, at an estimated
taxes
of
$67,730 for the first year.—V. 169,

company

working

after

cost

____

unearned.—V.

169,

p.

Warren

also

Gross

from

Net

from

Net

ry.

railway
railway

1333.

$3,869,793

.1,594,763.;.

'676,640

income—_

oper.

>

been

,L. McCabe. Director
elected

from

Net

ry.

-

$2,880,847

1,003,652

*41,165

493,625

320,739

*287,922

$1,229,393

railway
railway—.

7,964,848

7,123,600

3,268,072

2,437,043

2,203,858

213,928

income

1,390,417

846,694

796,002

*317,956

oper.

"•"Deficit.—V.

increase

issuance

of Research since February,

Vice-President of the company.—V.

a

169,

p.

..

6,045,541

3.075,704

March

on

28

Gross

1949

from

Net

from

Net

ry.

railway
railway

oper.

1948

1947

$11,913,047 $14,387,402 $11,053,487

Gross

from

Net

from

Net

ry.

*

railway
railway
inccme

oper.

Deficit.—V.

169,

1946

$8,817,268

2,307,181

3,828,185

1,959,842

590.007

935,422

1,617,435

634,425

*670,150

income

From Jan. 1—

p.

—

24,935,378

27,321,145

22,903,629

—

4,902,564

5,936,887

4,341,459

19,059,909
1,927,064

1,981,426

2,248,650

1,470,458

*597,042

1113.




the

presently

more

in

one

169,

,

497.

p.

Corp.- -To

Service

Public

Sell

of

Last

New

York State Electric Holdings—

These
of

shares

%

Sale of

from

the balance of its holdings of 830.000 shares
offered to GPU stockholders at $41
per

represent

stock

State

York

New

share.

remaining shares

the

exempted by the Commission

was

competitive bidding.

The

price

mined

of

at

which the

announced

and

excess

by

92,356

shares

to be sold will be deter¬
but will not be in
preceding business day plus

are

GPU on the date of sale,

asked

closing

the

price on

the

and will not be less than the higher of the closing bid
shares on such preceding business day or the sub¬
of $41 per share. GPU will pay each participating
dealer a fee
of $1.25 per
share for each share sold through such
dealer
and will
pay
the dealer-manager group a fee of 12'/2c for
each share sold.—V. 169, p. 498.
'■
'
■'
30c

share

per

price

such

for

scription

price

General Public Utilities

Corp.—Weekly Output—

electric output of this corporation for the Week ended March
to 152,114,859 kwh., an increase of 8,423,613 kwh.,

The

amounted

1949

5.9%,

the corresponding week of last year.—V. 169, p.

over

25'
ot

1333.

Georgia & Florida RR.—Operating Revenues—
—Week End. Mar. 21—

Period—

1949

-

.

1948

$58,914

Operating revenues
—V. 169, p. 1226.

$53,375

—Jan. 1 to Mar. 21—
1949

$624,853

'

1948

;

$590,657

Lumber Co.—Directors—

Georgia-Pacific Plywood &

Boykin C. Wright, of New York, John R. Kimberly, of Neenah,
S. H. Swint, of Augusta, Ga., have been elected directors.

and

Wis.,
Mr.

Wright is a partner of the law firm of Shearman & Sterling & Wright,
and a director of. City Bank Farmers Trust Co., Corning Glass Works,
Fifth Avenue Coach Co., The Home Insurance Co., and other organi¬
zations.

Clark

Kimberly,

Mr.

also

is

Corp.,

Cellucotton

Products

a

and director of Kimberlyand director of International
of Wisconsin Telephone Co.,

Vice-President

Vice-President

a

Co.,

and

director

a

Spaulding & Co., First National Bank, Neenah, Wis., and others. Mr.
Swint, President and a director of Graniteville Co., is also a director
of Atlantic Coast Line RR.
and Citizens & Southern National Bank
R.

1.947,

Heinrich

sion of
an

increase

shares from

Brown,
now

or

and

Chairman
in

The

three
Mr.

author¬

so

future

said

to

the

issue

.

does
the addi¬

company

any

of

\

as

authorized

the

increase

to

action
now

President,

immediate

the

tional shares.

taken

the

in

300,000

v

S.

intend

New

Earnings—

atiproved

stock to 600,000

Cheatham
and

(President of the company), S. Rexford Black
to the President), James L. Bitckley

Assistant

Eugene M. Howerdd (Vice-President), and Willard L.
(Treasurer) have been reelected as directors.—V. 169, p. 498.

Fare Increase—Conver¬
Operation Soon Completed—

time and

to save

common

stock

also the expense of

a

was

being

special stock¬

company,

Commonwealth

domestic
months

Brown

of

orders
1949

Brown explained.
by this corporation

added.

He

booked

are

not

said

so

this

large
was

as

the

during

for the
result

the

same period of
principally of a

first
1948.
hesi¬

integrated

subsidiary of The Southern Co., a
subsidiary, has been granted a trans¬

operations by the Georgia

together with other fare
the past year, will result in an estimated
$1,000,000 revenue incerase for the Georgia Power Co.'s transportation
operations. Revenue passengers carried in 1948 exceeded 145,000,000.
The Georgia Power Co. is now completing conversion of its Atlanta
rail
system to
trackless trolley and gasoline bus operation. Cash
fares are on a straight 10 cent basis, with token fares increased from
3
for a
quarter to 11 for $1 and a shopper's round trip ticket in¬
creased from 10 cents to 15 cents.—V. 169, pp 1226 and 803.

made

adjustments

within

Georgia Southern & Florida
February—
from railways-

Gross

Changes in Personnel—
Admiral

Earle

W.

Executive Vice-President

Vice-President has

—V.

p.

169,

1333.

a

U. S. N. (retired) has been elected
director and David McCulloch, formerly

been

from
ry.

Ry.—Earnings-

1949

1948

1947

1946

$564,665

$593,600

$460,997

$476,992

164,622

87,849

144,013

railway——

131,931

income—

27,109

50,140

17,595

64,811

railway—

1,172,372

1,208,003

984,834

960.515

railway——

258,477

336,292

219.958

278,792

income—

54,265

106,139

68,515

122,476

oper.

From Jan. 1—

Mills,

and

Executive

Net

Net

tancy on the part of big oil companies to go ahead with construction.

Vice

an

& Southern Corp.

portation fare increase for its Atlanta, Ga.,
Public Service
Commission. This increase,

meeting if at some future date the issuance or sale of common

shares is deemed necessary, Mr.

Erie RR.

increasing

169, p. 803.

shares.
At
there are 284,984 shares issued and outstanding so that the
would provide 315,016 unissued common shares available for
or
sale or for such corporate purposes as directors deem
common

par

Harry

holders'

1113.

February-

stock, issuable in . one or
preference istock,
issuable

General

Stock Increased—

advisable.

not

from

Net

stockholders

$10

present
1946

$3,569,668
1,291,629

From Jan. 1—
Gross

preferred

This
ized

1947

consider

Georgia Power Co.—Granted

The

-

will

1,000,000 shares of common stock.

Owen

Foster Wheeler Corp.—Common

Elgin Joliet & Eastern Ry.—
-Earnings—
February—
1949
1948
"

26

(Vice-President),

21,471,677

ivviuiitmcni/o

or

April

on

capital stock from 800,000 shares of common stock to 1,135.120,000 shares

(Vice-President

Flintkote Co.—New Vice-President—

(The)

-

earned

*

System.

1007.

has

consol.

surplus

1

Stk.

to

in dividends."
$2,500,000, dividends can be
paid out of the unused balance of the foregoing amounts available for
dividends, plus 100% of the profits earned thereafter.
out

pay

'

earned

%

Equipment Corp.—To Increase

to pay

the loan the company has agreed

than

more

paid

were

accumulated profits and provided net current
assets
after
payment of such dividends remain at not less than
$5,000,000.
Current
assets today are
estimated
at
approximately
$750,000

Dr.
to

stockholders

convertible

V

' ;

profits for the past three years

of

342,983

on

income

Bal, carried

rata

pro

series; 15,000 shares of
or
more
series, and
!
•
/
They will also vote on adopting an Employees Stock Purchase Plan
to permit certain officers
and employees of the corporation and/or
subsidiaries the right to acquire shares of convertible, and/or common

*of

Placed Privately—
an

management

to

additional

69,787

0

the

with

notification

of

to be offered at market through

Co., Chicago.
Proceeds will be distributed
of scrip certificates.—V. 169, p. 803.

shares, to be divided into three classes consisting of:

stocks.—V.

Redemption—

May

on

letter

a

common,

&

holders

the

to

Co.—Filing—

filed

23

($1 par)

General Precision

1

.

for

Metropolitan Life Insurance Co. for a 10-year unsecured
loan of $4,000,000 at an annual interest rate of 3%%. The
loan is repayable in annual instalments of $400,000.

1,721

___

taxes

taxes

plant

fabricating

Fisher Body

new

1 The corporation has received SEC authorization to sell its remaining
stock interest-(92,856 common shares) fin $ew York State Electric &
Gas Corp.
to a dealer-manager group headed by The First Boston
Corp., Lehman Brothers, Wertheim & Co., -and Merrill Lynch, Pierce,

The

this

Fed.

the

of

March

on

shares

303

Borland

The

5.

of

523

—

construction

for

company

Betts,

000

1531.

p.

Firestone Tire & Rubber Co.—Partial
There

make

in

(consol.)

above)

The

-v,.

A

scrip

stock.

Plant—

Inc.,,

SEC for

169,

($100 par) common, to be offered at $213 per share
underwriter.
Offering is being made on behalf of holders of

of

The company is

Corp.:

Corp.

subs,

shown

(as

in

(consol.)

Elec. Pwr. & Lt.

4^3,191

Pittsburgh,

'

When

Net

every

out¬

result

:

consider

to

interests

in

,

the

In

value.—V.

in

$7,750,000.
Balance

with

compared

General Portland Cement

7-VV

Finance Co. of America at Baltimore—Filing—

says

6,179,972
to

434,684,

was

series preferred

authorized

than

*Pfd. divs.

for

agreement

an

1333..

p.

~

Gross

,

,

i

President,
6,878,264

approps.

disclosed

the District of Columbia,

19.

future

(net i

.

alleges

also

Kenny

standing

256,958

of

Rent for

1,

that - "the consideration which will be re¬
ceived by Farnsworth for distribution to its stockholders is less than
the fair value of its assets, properties and business," which, he says,
is in excess of' $3,900,000 "after allowing; $2,400,000 for depreciation

v -

150 491,363

19,090,155

Other taxes

appointed

Number 434,684—

Fenner & Beane.

45,641,318

22,856 502

taxes

res.

The

•

V

;

revenues

& deplet.

/'•'/.

Corp.

stockholders."

worth's

p.

$

$*

Controller,

Pa., on a :68-acre tract, has been let to Ragna.rChicago, 111., and work on the building is slated to
begin immediately, J. J.
Cronin, Vice-President of General Motors
and General Manager of Fisher Body, disclosed on March 30.
The main plant building will measure 720 by 830 feet.
More than
725,000 square feet of floor space will be contained in the installation
with provisions made on
the second floor for employee accommoda¬
tions, cafeteria and locker-rooms.
It is contemplated at this time
that the plant
will be completed and in operation by April, 1950.—
V. 169, p. 1333.
■

Kenny alleges that "Farnsworth and Inter¬
entered
into
a
conspiracy
program
to
cause
out of business contrary to the interests of Farns-

1948—12 Mos.—1947

$

Controller—
and

Secretary

F. Sullivan has been

C.

of General Motors stock distribution has
1948 there were owners of the company

of

nation,

1949

of

Contract
near

Mr.

$3,665,442 $14,784,511 $12,724,085.

1948—3 Mos.—1947

Operating expenses

Amortiz.

Telegraph

&

operation

$3,906,021

end

the

Benson,

wrongfully

768,556

CONSOLIDATED

income

a
of

complaint,

Farnsworth

342,983

Subsidiaries—

Other Federal

his

In

national

36,537

69,787

President.

New Fisher Body

action

an

1,721

1,831

486

12,668

taxes

Period End. Dec. 31—

Federal

1948—12 Mos.—1947
$16,078,634 $13,873,882

370

income

Operating

brought

shares

236,926

for

and

ration,

On

.*

elected

been

has

Torgersen

the

the $3.75

former Attorney General of the State of Cali¬
1,600 shares of capital stock of
the corpo¬
in Supreme Court, New York, March 30, to
enjoin the officers and directors of the corporation from holding
any
meeting of the stockholders for the purpose of considering or
voting on a proposed sale of the company's assets to the International
Kenny,

holder

fornia

shareholders
- %

common

W.

Corp.,

9,137

—

___

Net

$3,968,939

Gas

93,324

taxes

income

on

United

with the
about $S
increase

/

than

(other

taxes

.taxes on income

Provision

and

(COMPANY ONLY)

$4,245,778

income

Expenses

South

Power's

&

INCOME ACCOUNT

Period End. Dec. 31—

Other

Middle

warrant holders.-

option

Gross

Middle

as

of

stocks

common

:*
'

to be known
Light's three

company

111.—Files—

on

lor the fourth
1948.
* . :
Feb. 17, 1949,
and
the
balance of 30,977 represents holders of preferred stock of
record Jan.
10,
1949.
These figures compare with 402,325 common
stockholders and 30,866 preferred for the jfGurth quarter of 1948.
Of
the preferred ^stockholders in the first
quarter of 1949, there were
21,382 holders of the $5 series preferred stock and 9,595 holders of

1225.

p.

Asks Court to Stop

■

will organize a new
South Utilities, Inc., after
which
Power
&
outstanding preferred stocks will be
retired.
The residual assets, consisting of $6,000,000 in cash and the
Under

'holding

M.

in

quarter

$140,924

$2.08

$21,498

$25,961

income

Earnings per share

Telephone

announced in New York

1,916,819
447,904
209,118

quarter of 1948 and with 435,905 for the first quarter of
There were 403,707 holders of common stock of record

in

City March 23.
Counsel for the group is the law firm of Spence,
Hotchkiss, Parker & Duryce.
*,
A .spokesman
for the group said it would urge speedy approval of
the dissolution plan
which comes up before Federal Judge John W.

1,884,692
403,605
215,393

-

six United States posses^
sions and 77 foreign lands, of which 28 are European countries.
The total number of common and preferred stockholders for the first

$152,645

4,793

income

Robert

Holders' Group to Back Dissolution Plan—

Common
Plans, for

225,512

503,776

1007.

p.

company

at

state

shares at 22s. 6d)
not less than six

Electric Power & Light Corp.—Weekly Input—
week ended March 24. 1949, the System input of subsidiaries
of this corporation amounted to 72,566,000 kwh., an increase of 10,480,000 kwh,, or 16 8%, over the corresponding week of last year.

2,278,577

126,431

income

year-end study

A

that

weeks'

For the

169,

Walter

preference

as

2,098,092
306,374

railway_r._.

oper.

according to R. E. Laux,

$66,125

7,961

income
inc. (net)

oper.

Nonoperating

of £1,000,000 of new preference shares of £1
to consolidate and convert 2,000,000 shares of the

will be entitled on a liquidation to priority
to capital, together with a premium of 2s. 6d. per share.
There is
final
date fixed
for redemption
but the company will have the

81,352

General Motors Corp.—Stockholders

existing 5,806,251 unissued ordinary

The new preference shares

95,045

General Instrument Corp.—Secretary and

153,669

In

shares of 10s. each into such new
shares of £1 each.
The authorized redeemable preference
capital of the company after redemption of the existing £460,000 6%
cumulative
redeemable preference stock, will thus become £1,000,000.

88,288

1,100,682

7,349

accrls.—

res.

cre¬

required.

when

$1,909,547

13,635

Maintenance

460,000

the

should

issued)

$190,044
127,304

$204,603

—__

177,458

March 25 filed a letter of notification
SEC for
15,050 shares of common stock, to be offered at
per share
without underwriting.
Proceeds will be used to
working capital.—V. 167, p. 1807.

1949—12 Mos.—1948

8,133

revenues

$890,172

196,672

1948

General Finance Corp., Chicago,

Earnings-

140,683

Operating

total

a

proposed

,4"'

1949—Month—1948

Operation

further 540,000 new

a

passu

be

to

—V.

the T-31 in about a year.
'...' v',V ,7''• '■

be flying

,/ :■■■

Fall River Gas Works Co.

a

It is also considered that

this issue.

obtained to

preference
cumulative

will

Command students
1333.
,

ry.

railway

from

Net

The

cumulative redeemable

at

Net

component

169, p.

from

Gross

$8,000,000 for 100 T-31s will be placed with
suppliers in the near future.
These funds

over

ry.

1946

$902,428

204,266

railway-—
oper. income___

From Jan. 1—

the.company is entitled

preference stock at
premium of 2s. 6d. per share..' The
directors consider that this right should be exercised and in due course
the requisite notice will be given to the preference stockholders.
In order
to provide part of the moneys which will be required to
effect this redemption, it is proposed to issue 460,000 4'/2 %
cumulative
redeemable preference shares of £1
each, the holders of the existing
preference stock being given an opportunity to convert their holdings
into the new preference shares which will be automatically converted
into stock upon becoming fully paid.
Consent of the treasury has been
the

and

Training
—V.

Shares—

Issuance of New

on

redeem

to

an¬

1947

$1,042,377

191,265
105,518

1949
$1,033,487

railway

from

Net

this

approved for this type of trainer by the President on Jan. 6.
Full-scale production
will be reached in about 10 months and Air

its articles of Association,

the terms of

Under

by

totaling

manufactured

from

Net

were

Musical Industries Ltd.

&

Orders

monoplane

11

Fort Worth & Denver City Ry.—Earnings—
Gross

its future basic training airplane

as

single-engine

all-metal,

on

Fairchild

2541.

Preference Stock By

(1451)

February—

at Hagerstown,
Md., General Hoyt S. Vandenberg
March 25. It will be designated the T-31.

low-wing,

nounced

International Harvester Co. and Ford Motor
fabricated in Canada on various

p.

Air Force has selected

U. S.

corporation

two-speed axles

Eaton

trucks.—V.

model

a

■

.

General

■

The

Industries, Ltd., Eaton two-speed axle units are now made
Catharines, Ontario of Canadian materials and by Canadian

McKinnon

labor.

CHRONICLE

Large Air Force Training Plane Order—

y %

..

■

FINANCIAL

Fairchild Engine & Airplane Corp.—Slated to Receive

in

Mfg., Co.—Eaton Axle .Units Now Produced

Eaton

Canada—'

&

COMMERCIAL

THE

'

Number 4791

Volume, 169

named

Vice-Chairman of

the board.

Gross

from

Net

from

Net

ry.

—V.

oper.

169,

p.

1007.

12

Monday, April 4, 1949

(1452)

company's $2.50

the

of

admission

the

With

stock

common

par

on

1949—Month—1948

Railway

oper.
oper.

expenses.

'

Net

. 1949
$3,719,000
618,637

February—
from railway*.—

Gross
Let

Net

ry,

74,048

7,530,000
railway—940,743

7,706,000

6,652,000

Net

ry.

33.556
25,000
86,000

347,199

260,051

<•36,255

1,123,913
361,503

income—

oper,

169,

"'Deficit.—V.

for

$2,358,278

131,045

136,737

255,126

7,731

8,228

/; v,16,096

269,037

'•406,397
charges

1,747,689

Co.—Secondary Offering—A sec¬

—V. 169,

$1,602,586.

$1,165,770

income.—_

Net

of 46,500 shares of common stock
March 31 by Allen & Co. at $24% net.
discount $1.—V. 169, p. 1114.

$2,075,347

of

r.

of

company

March

on

filed

22

Mont.—Files—
notification with the

a

driving a tunnel.-—V. 165, p. 3394.

Herod,. President, announces that a cpmplete p.oy/er generating
three 50,000-knowatt G. E. steam turbine generator
been ordered by the Damodar Valley Corp. of India.

R.

has

sets

will

Net

from

Net

ry.

income—

oper.

$5,161,084

$5,583,005
1,356,784
471,423

1,147,210

"

•

•

12,333,354

Net
Net

examiners

whose

2,264,941

for

power

1159.

p.

coal

the

fields

recommended

ICC

W.

& Chicago RR.
G.
of the Kansas
City company which, in turn, owns 156 miles of trackage between Mex¬
ico, Mo., and Kansas City.
These properties are now operated under
lease by G. M. & O. \/ '
.'/ /•/.
Should the actual absorption of the physical properties occur, G. M.
& O. would assume obligation for principal and Interest on $2,083,000
of outstanding Kansas City company first mortgage 4!/a'V
bonds.
The Chicago, Burlington & Quincy Railroad has pending with the
ICC an application to acquire rights over the Kansas City company
tracks for a short-cut freight route between Kansas City and St. Louis.
This proposal was not a part of the case on which the examiners,
Jerome K. Lyle and F. E. Grutzik, reported. "..They expressed the -view
that the question of a Burlington bond guarantee was a matter, for

succeeding

the Board.

of

Chairman

Frederick

-

Obrow

was

'

•

'

...

1114.

rather than the ICC.—V. 169, p.

determination in the courts,

■

oper.

revenues

from

ry.

oper.

173,622

Inc.

The First
Boston Corp. completed after the close of the market
March 25 a secondary distribution of 35,000 shares com¬
mon stock (par $25)
at $65 per share, less $1 per share
Secondary Distribution

—

concession to NASD members.—V.

High

income

169,

6 Mos.
Net

/During

Spurrier, a Vice-President and a director of thq company,
elected,President.'He will direct development of the.company's
new processing plant and laboratory now being planned,' and supervise
all sales activities which for ;the {immediate future will be ccnlined'to
the leather, papei," textile, and metal industries/v,
/
/ Austin K. Smith wick, Vice-President of A. W. Smith & Co., Boston
investment bankers, has been elected an additional member of the
Dawaon

hoard

five

The other

constituting the board were reelected.

members

They

and Mr.

Spurrier.—V.

agreement for a
became effective on Dec. 1, 1948.

Calendar
Profit

Years—

taxes///

after

—V.

168,

$771,720

-

Earnings per share

$833,240

$971,150

$1.61

$1.73

$2.03

•

_..

1145.

p.

Nov.

Houston Belt & Terminal
*

1946

1947

consummated

for

the

expansion

Net

Pacific,

freight yard.
project, subject to final

The

Commission,

calls

for

of

INCOME ACCOUNT FOR

sales

CALENDAR YEARS

9,387,671

,

exps.__

J

Other

on

(net)

income

Profit

other

325,130
2,449,868

'

-

general

and

$1,064,499
Z)r48,082

—_

disposal of

E.

Lance,

take

Co.,

place

district

sales

manager

been

has

sidiary

of

with

the

Publishing

Curtis

division

sales

Co.,

for

Illinois Power Co.—Bids
The

1567,
the

So.

La

Net

years.—V.

20

169,

p.

Preferred Asked—

financing would be used to pay off short-term
obtained for construction purposes. >!'/

at

1953.

It

of

-

p.

Canadian

fProfit

bank

in

1227.

\

which

March

a

Oct.
at

,

banking-group

The securities were awarded

Subject to approval of

competitive bidding March 25.

the

ICC, the bankers reoffered the certificates at prices
yield from 1.30% for those due Oct. 1, 1949, to 2.50%
April 1, 1959 maturity. Associated in the offering
are: Blair & Co., Inc.; Equitable Securities Corp.; Phelps,
Fenn & Co.; Schoellkopf, Hutton & Pomeroy, Inc.; Coffin
& Burr, Inc.; Graham, Parsons & Co.;. Weeden & Co.,
Inc.; Whiting, Weeks & Stubbs; Rand & Co.; Hayden,

to

for the

Miller & Co. and John B. Joyce & Co.
about

issue

99.4569

for

99.82
for

short

99.432

&

Co.,

2V4S

bid

a

2V'2s;

at

of
the

Halsey,

99.023.
sale

a

net

were:

Stuart

&

interest

Harris

Co.

Inc.,

cost

of

&

..

/

200,000

for

2V4S

Lehman

2Vi's and 99.6253 for long 2V2s.




and

99.589

Brothers

for

long

(jointly),

2I/2s;
99.561

Harriman
for

the

The

an

$8,000,600-a-year Kaiser-Fraze'r

coiporation's

^retained
of

the business

in

$769,102

$944,028

at
4,008,758

3,159,380

3,496,606

$4,709,983.

$4,440,634.

year—;

.

reduction

of

Federal

and

is

and

but

production. schedules"

standard

four

cloth

a

Kaiser

r_

_

Dividends

44

—

431,877

in cash-

paid

$3,928,482

end

of

in the business

431,876

431,876

$2,088

$4,278.106" $4,008,758

year—

Earnings per share—
•"Restored

$1.95

—

$2.62

"

$3,496,($6
$2.14

reconversion and similar ex¬
pense in cost of sales, less related reduction of income taxes.
fAs of
Jan. 1, 1946 to par of exchange.
tLess related income and excess profits
taxes

of

income

to

to

offset

$229,814,

partially

.

-

■

the

and

Vagabond

SHEET,

banks and

Savings

bonds

$1,869

2~248

2,064

2,321

;■/

2,254

1,958

______

-

*

'

Manhattan

2,573

2.446

Virginian

3.008

2,826

statement

land, O.,

of

Cyrus S. Eaton of Otis & Co., Cleve¬
March 29 said:

on

believe

We

that

Kaiser-Frazer

stockholders

will

those

of

who

paid

to

up

$20.25

share

a

selling-in'the market at less than
Henry

Kaiser

$30,000,000. of

a

life

insurance

"'Buildings,

policies

;

of raw materials,

finished

and
*

of

work

in

cent

one

facilities. that

family-owned

equipment——-

sites

Patents,

trade-marks

and

copyrights

Unexpired insur. prein., prepaid exps. & supplies

to

se*e

adopting
r ' /

-

their

for

*it

owes

$17,500,000

MetalS'

Kaiser-Frazer

Kaiser-Frazer

sustained

Joss

by

and

the

millions

dollars

of

companies

from

Corporation

see

]

>

return

the

Kaiser,

without

stockholders.
stockholders

Kaiser-Frazer

in

make

to

good

Frazc/s
i /
io restore

bailing

their

of

and

now

">

to

transferred

were

Pcrmanente

to

to

stock,

stockholders

/Graham-Paige Corp. out of the automobile business. ;
/
Henry Kaiser also owes it to Kaiser-Frazer stockholders
to

money squandered on
Kaisor familycompletely
the
payment
by
retainers and fees to Kaiser family-owned
engineering and other so-called services. ';

discontinue

Kaiser-Frjazer of extravagant
companies

for

these

of

its

unnecessary

measures

V.

cars

169,

p.

to

promptly effected,

are

make

to

the

further

their

enable

sale

a

$478,924

$385,013

203,920

230.212

211,275

from
ry.

81,621"

p.

•

1947

1946

$280,005
137,876

93,110

102,564

61,632

918,207

777.804

598,793

470,520

422.984

420,147

301,658

169,786

198,245

140,573

..

•

railway
railway__,

oper.-

169,

price

price

980,140

*

from

Net

—V.

1948

$448,962

—.__

Net

the

-Earnings-

1949

railway_.j_
from railway
ry: oper. income*._,_..

12,151

possible for

competitive

\

from

285,809

still be

reductions- in

reasonably

906.

February—

Gross

it may

substantial

at

Kansas Oklahoma & Gulf Ry.

4,205'917

2,122-,481
272,172

ineome___

1115.

-

-

-194,810"
'■

*

-

2,150,965

1

1

257,028

147,410

67,012

$9,977,977

$9,320,330

Kansas
The
SEC

Power &

company

proposing

•

-

-

the

proceeds

company's

sale

due
of

Light Co.—-Registers With SEC—

March

on

the

mortgage bonds,
Net

__—

Frazer

1,273,043

short
Total

consideration

of

Joseph

311,990

4,000,376

and

and

process

products

machinery

5,191

relieved

third' of that price.

Kaiser-Frazer

to

aluminum

his

to

it

owes

From Jan. 1—

$1,068,404

be

As sponsors of the original and second Kaiser-Frazer common stock
offerings, which provided the automobile company with $50,000,000 of
investors' money,, and as stockholders ourselves, however, we feel that
even
more
drastic steps
must be taken to protect thd shaky equity

1,686,988

for sale to emoloyees

vaiue

1947'

$1,531* >65

hand

receivable

jllnventories

Plant

held

surrender

on

its

New

...the management at last taking a more realistic attitude,
"long overdue economy measures and price cuts.
,

Net

i Q-"«

ASSETS—

Cash in

Cash

DEC.. 31

make

will

Frazer

A

a

follow:

Kaiser

Gross

BALANCE

have

which

$2,091

Deluxe

Frazer

Net

CONSOLIDATED

new
are:

Vaga¬

J

list prices

Traveler

Kaiser-Frazer

at

five
cars

and

later.

Kaiser

If
Profits retained

on
new

The

Traveler

top and
the Kaiser Virginian
a sixTraveler will be introduced publicly at

The
of

models.

the

four-door'"convertibles"

Frazer

by

factory

new

the Kaiser Special, four-door,
price includes factory-installed
not transportation or local taxes.
on

wagon-sedans,

sedan.

sport

;

«

,

The

"pressing
its

to

station

.

price

$333.

taxes

now

addition

somewhat

/ owned
Total

H.

and

originally-stated, price

Frazer

$701,225

4,700

to com¬
Weintraub &

:,/(:■■■ /./
'•:///'/■:*//•./-//''''
Kaiser-Frazer Corp.. says, it is "entering a
offering the public the lowest priced big

29.

prices,

Kaiser

Dr86,000

.

the

•

Kaiser Special

./-

conting.

for

res.

Swaney

My.

according

William

to

over

policy."

to1/represent

account,

Old

•

86,000

of- the board

anticipated in the in¬
Morris F. Swaney, Inc., ad¬
New York, N. Y„ announced

continue

handed

was

market,

Kaiser
covered

top

The

of

"argument on

would

world."

in

passenger

^ it

/.; 69,225

of

factory-delivered
a

the

steel

65,000

36,930

1945

Profit for year

Profits

Co.

99.007

Hall

for 15-year 2Vss;
The First Boston Corp..
and 100.719 for long 2'/2s; Salomon Bros. &

short
and

to

approp.

^Accounts

99.72

for
Inc.

on

received

bids

15-year

2VaS,. and

Hutzler,
Ripley

Other

2.31%

(Inc.),
10-year

awarded

was

$634,877

$707,099

because

March

company

bond,

362,090

con¬

war

on
in

Prices

—

averaging
more
than
10%,
and
ranging from
the kaiser Special to $198 on the Frazer, were also

on

.combined

Its

offered

28

1, 1949-April 1, 1959.

The

The

the
....

$6,360,000 2Vs% equipment
trust certificates series CC due $318,000 semi-annually
on

,

company—-

realized

1947,

in

'.f-

President

agency

dealers.

new

new

models,

and

29,808

totaled

1949,

Vice-Chairman

'

RR.—Equipment Trust Certificates Of¬

fered—Harris, Hall & Co. (Inc.) headed

sub.

terminated

tracts
Amt.

beginning

Illinois Central

income

for

reserve

31,

changes,/long

personnel

Swaney,

his

on

equipment

bow

$996,967

445.600

longer required——.*.
^Adjustment of net current assets

construction program calls for expenditures esti¬
$34,000,000 for 1949 and $61,000,000 for the years i950 to
is estimated
that
approximately $60,000,000 of additional

financing will be required during such period.—V, 169.

$i,152,698

no

Jan.

director.

a

F.

mass;

$1,995,

216,674

r------

and

account

the

.The
is

;

position of

created

,

in

cars

63,487

111,768*

,

ended

1943 and $12,666,3o3

'

,

these

14%

With

$716,806

$1,040,950

$1,016,417

war.,-*/*-*/

of

months

s.x

$21,091,800 in

reductions

or

broader

additional

for

reserve

for

Corp.—Changes in Personnel

newly

ihat

announced

prof, taxes of prior years

excess

company's

mated

of

sales

net

Inc.

2,034,760

$671,417

*$380,633
Nil

*$44,779
Nil

shares.

common

agency of 445 Park 'Avenue,
had voluntarily given up the

Price

8,641,798
122,460

345.000

"

inc.

on

637,261

on

announcement,

$333,

income credits:

costs arising out

Portion of

Chicago, up to 11 a.m. <CST> April 12 for
it of 200,000 shares of cumulative serial preferred

/ ' ///

of the

:.

taxes

profit before special inc. cred.

*Portion

/

loans of $10,000,000
The

for U. S. & Can.

Special

1334.

($50 pari.

Proceeds

sub¬

a

Salle St.,

purchase from

dock

on

Circulation,

Curtis

invitations for bids to be received at Room

has issued

company

231

of

:

Total

Prov.

..

Lance

Co.,

:

/

Curtis
will
Mr.

the

of

has been nominated as a director. Election
annual meeting of stockholders on April 13.

the

at

York

New

Inc.,

N.l

1946

$2,425,538

Cr299,800 Cr2,045,000

$853,576
$1.22

*$90,014

with

he

pany

2,372,475

Hudson & Manhattan RR.—New Director Nominated—
Victof

Circulation

560,000

share—

/

1947

*$274,579

$1,413,576

Kaiser-Frazer

9,119,592
277,545

:/

1948

1945
140.000

Morris

plant and

war

assets______„

capital

168, p. 2325.

Henry J. Kaiser remains as Chairman of the board.
<
MacDonald has resigned as a director, and O. B. Motier as

declared'

its

Balance

by the Interstate Commerce
$3,250,000.—V. 144, p. 4180.

approval

expenditure

an

of

the

provided

and

1008.

advertising

in

*.

370-acre

now

that

^AleS y/^/*..//™/--/-//-; $13,227,168 $12,310,542 $11,515,824

Cost

of

owners

$900,000,

*$49,986

the

to

A.

vertising

10, 1949.

Depreciation
Selling, admin,

the Houston road, will participate.
Included in the Houston improvements will be the construction of a

Missouri
,

been

have

date plus

that

•

Along

be

CONSOLIDATED

Ry;—Expansion Planned—

and modernization
of rail terminal facilities at Houston, Texas,
according to an agree¬
ment under which the Rock Island, the Burlington, the Santa Fe and
Plans

payable

will

$2,000,000,< and that

Directors.

directors on Feb.

share,

dividend

than

taxes-

Vice-President

18, 1949, declared an annual dividend of $1.20
quarterly installments of 30 cents each. -This
paid out of 1948 earnings, and the dividend schedule
for 1949 is as follows: March 11,
1949, to holders of record Feb. 28,
1959; June 1.. 1949, to holders of record May 10. 1949; Sept. 1, 1949,
to holders of record Aug. 10, 1949, and Dec. 1,1949, to holders df record

•/'•The

per

Hoskins Manufacturing Co.- -Earnings///

annual

representing
for a renewal
third 10-year period. This extension

of the voting trust
'

164, p. 2959.

1943

169, p.

W.

1948^ the holders of voting trust certificates,
of the outstanding shares- expressed their approval

72.8%

Investment Council, Boston;

ill

Edgar F. Kaiser, formerly Vice-President and General Manager, has
elected
President, succeeding Joseph W. Frazer,
who has been

that exist today. Further¬
to carry a certain amount
developed on sales made by our retail branches.
needed for this purpose,
yr'

capital was

March

been

order to

payment paper

less

not

at

inc. taxes

before

JBased

dustry,

During

Refractories

eral

time

of

Additional

Philadelphia; David Remer, Philadelphia, a director of Gen¬
Corp.; John T. Nightingale, partner, Cromwell & Co.,
and Fred M. Roberts, industrialist, Boston;

bankers,

received from

"organization under the inflated conditions
more, the company has found it profitable

Dougherty, Jr., President of F. J. Stokes Machine Co.,
Donald C. Rubel, partner, Parrish & Co., investment

1, 1949. The
the consolidated
wholly-owned domestic

and -its

company

in

pajable

is

1948,

March,

Dec.

End.. Jan. 31—-

Cut—

ot

in

./

working capital of the company and its wholly^owned
is or after giving effect- to the dividend would be

Kaiser-Frazer

*485,310

218,311

increase* of approximately

1948, the company negotiated its first long-term
$1,500,000 (see under balance sheet below.). This

year

arranged

was

on

550,741

.

,

Francis J.

are:

Philadelphia;

279,091

stabilize the financial structure of the
organization during the next several years when economic conditions
might influence short-term loans secured through regular, banking
channels, and also, to meet the need for additional capital to finance
inventories and to carry the additional load of maintaining a business

directors.

of

the

the amount

loan in
loan

net

Consolidated

—V.

report, said in part:

has been

the

aftei

$12,201,462 compared with

$2,471,165
738,564

in the company's 23rd

President,

Banfield,

H.

year

Jacobs Co.—Earnings-

profit

"Loss.

of

Etc.—

that

in

loan of $1,500,000.

'

Manufacturing Co.—Annual Report—T.

Fireman

Iron

in

commencing

other things, that

maintained

be

paid

Prov. for Fed,

elected

1333.

p.

91,990

adjustments giving effect. tff an

includes

$65,000

%

subsidiaries

(F. L.)

1949—2 Mos—1948

$2,088,986
394,227

25%;, effective as of Jan. 1, 1948, in the remuneration
Campania Africola de Guatemala.—V. 169, p. 1114.

—

Processes, Inc.—New President,

Vacuum

122,365

avail, for fxd. chgs.

Net

realized

'

company

of

among

of

capiinl
shall

Net
profit
/Earnings per

$1,132,511
305,131
225,367
<T92,652

$9.99,184

Net

,

profit

as

1945.

not less than $3,000,000.—V.

America—Earnings—

1949—Month—1948

End. Feb. 28—

Railway
rev.

in

Subsidiaries since

domestic

.<

„

products.

International Rys. of Central

*

Gulf Oil Corp.

working

domestic

in • charge of. research and
elected Vice-President. Irving

years, has been
made Assistant Treasurer.

for three

-

Period

of exchange amount

par

current

31, .1947: (except in shares of'thc com¬
pany's'capital stock) plus payments on principal of the note shall not
exceed consolidated net income of the company and its wholly-owned

Dover, Del.—New Pres.— /
has been elected President,
of the corporation, who" becomes

corporation manulactures latex

The

reported

was

insurance

an

dividends

(2i

has -been

who

Andrews,

W.

development

founder

Spanel,

N.

A.

at

represents net

Vice-President,

formerly

Heinze,

O

Corp.,

Latex

International

the com¬

March 24 that

dollars

S.

included

subsidiary

PRIVATELY—The long-term 3%

installments

subsidiaries

turbine

'•

U.

terminated

agreement provides,

'net

Bengal,

amount

from

obtained

surrounding

and

.

in

$566,955

PLACED

consolidated

the

for

163,

like

of

semi-annual
loan

»

be permitted to absorb the Kansas City, St. Louis
M. & O. now owns all outstanding capital stock

pany

provide

will

generators
areas.—V.

829,901

Canadian

the

of

sheet

which

contracts

war

trie Central Government

and

depreciation of $1,201,057 in

for

reserves

in 1947.

assets

balance

LOAN

_

is composed of

Vaney Corp.

the Provincial Governments of Bihar and West
territories are part of the Damodar Valley. The steam

India,

Favor Merger—

:,/ ICC Examiners
Two

2,851,465
1,005,971

1,103,645

credit
.

generator

13,000-volt turbine

50^-cycle,

""After

lower.

was

<

'

'

- ;

equipment

Damodar

The

of

10,442,547

11,271.810
2,722,888
864,736

32,642,254

2,854,853

railway—.
from railway——
ry. oper. income—
from

'././'>

.

,401,041

From Jan. 1—

Gross

of the
miles west "of Calcutta; When in
the present- power supply for one

will include three main transformers, each -rated
65,000-kva,
138,000-13,200-volts. Also in the order are switcligear,
motors, and all other equipment together' with engineering necessary
for a complete station
-

1946

1947

1948

$6,115,494
1,371,622
1,412,325
536,185'
470,000

the Bokaro Steam Power Station

as

200

some

deducting
in 1947.

share.*.
SAiter reserve for doubtful accounts
1948 and $133,265 in 1947.
H At "average cost or mal'kdt,
1.59,910

■

Bihar coal fields near the junction

the

3,000-rpm.,

three

the

the

sets,

$5,946,401

railway-—
railway,-.—

known'

be

in.

Riversi

Konar

it will mdre than double
the great valley areas of India. -

of

.

1949

Februaiy—
Gross, from

situated

be
and

operation

RR.—Earnings-

Gulf Mobile & Ohio

will

installation

The

and

Bokaro

$9,320,330

•

containing

station

Besides
,

$9,977,977

in tire con¬
to
and working assets.
rlhe profit of this subsidiary amounting to $99,454 has been included
in the consolidated results of operations; no dividend was received during the year. The consolidated profits retained in the business include
;
$807,977 of undistributed profits of the Canadian subsidiary.
Renegotiation of war contract sales for the year 1945 wgs completed
/ in 1948, resulting in a net refund to the government of $70,973 which
was
charged to the reserve for contingencies.
The reserve for contingencies of $86,000 was established in 1946 when a special income

International General Electric Co.—Large Order—

Mining Co., Missoula,

1,799,550
595,650
4,003,758

-

—

of $130,000 due In 1949.
fAfter
notes in 1948 and $300,000 notes

Treasury

by

and $896,315

$859,699 of

letter of
8EC for 10.000 shares of common stock, to
be offered at par (6 Ac
per share).
With each block of 100 shares of common is offered a
jnodueLon agreement designated as one unit.
Proceeds will be used
lor
opeiating funds, for purchase of supplies and to finance cost
The

S.

NOTE—Net

1227.

p.

1,799,550
-595,650
4,278,106

—1

—

$142,503 in

1948

solidated

W.

Green Mountain

:—

without par value...

installment

U.

fRcpresenied

1,764,781

$2,278,965

■884,201

879,747

,—

$3,840,128

$4,026,654

$2,486,787

$2,045,517

(no par) was made
Dealers

—

—

"Including

distribution

ondary

—-

I

Total

_17,290

»

$100,000

Fixed

Steel

City

i

:

guarantees.—

contingencies

fCommon stock,

whichever

Granite

income...

.

product

Earned surplus

$3,588,381

$3,787,624

$1,922,203
(Cr(_.

income

Miscell.

1114.

p.

insurance company

to

finance
lor

557,146

457,021

deductions..

".'•136,213
Other

855,318

payable

Reserves

17,474

501,821

railway—-

front

from

—„

45,891
25,000
15,027

*---—

payrolls,

( Paid-in surplus ——_L—————

,703.000

income-*:.

oper.

Net

4,902,873

$200,000
515,203

:

(trade)—

Deferred

i

<•77,452

253,739

—.

From Jan. 1—

Gross

4,678,754

2,776,938

224,562

$3,209.000' $2, 226,000

$3,819,000

1,500,000

payable

Reserves

491,793
99,521

rah way

irom

:

1946

1947

$1,500,000
405,234
3(2,136
4j4,446

Accrueu

"Note

2,349,026

...

taxes and expenses.—.
443,497
fU. s. and .Canadian taxes on income (est.)—560,054

t

$9,048,400

$8,923,399

$5,482', 415

1

■■•'*

•

banks

to

payao.e

Accduius

•

Western Ry.- -Earnings—'
1948

LIABILITIES—*

•

Notes
r

froi

revenue

$4,495,791

Grand Trunk

•

'

1949—2 Mos—1948

-

$20,214,589 $21,789,182 $41,449,297 $42,562,167
15,718,798
16,306,767 32,525,898 33,513,767

revenues.

Railway

:

ACCOUNT

INCOME

COMPARATIVE

*

.

Period End. Feb.'28—

to

at the opening of business
from dealings on the New

the Now York Stock Exchange
on
March 28, 194.*), this issue was stricken
York Curb Exchange.—V. 168, p. 1799.

dealings

%/■/

Corp.—Admitted to Big Board—

Gleaner Harvester

„

at

•

filed a registration-statement with thn
competitive bidding of $10,000,000 of first

28

1979.

the

treasury

financing will be used, in part, to reimburse
for capital expenditures; and for meeting, in

Volume

169

THE

Number 4791

part, the costs (of future capital expenditures and for other corporate
The company's construction program is estimated at ap¬
proximately $24,000,000 for the two years ending Dec. 31, J950, ap¬
proximately $15,915,000 of which will be expended in 1949. An addi-.
tional
$8,000,000 of financing is contemplated sometime in 1950.
Kansas
Power's
subsidiary, The Kansas Electric Power Co., also
expetts to make capital expenditures during
1949
and 1950 in an,
by
a

estimated

that

latter

at

the

$3,350,000,

unless

company,

event,

latter

This

it, is

will

correspondingly increased

amount.—V.

167,

1810.

p.

Kendall Co;—Official Promoted—

,

Richard

cordiag

R.

Formerly

s

Higgins

has

to announcement

connected

been

of

Vice-President

a

with

this

R.

"

•

.■•.v-V*;:

■:

ap-

has

which

.response

debt

been

R.

Boyer

Corp.),

(Director

Col.

Thomas

of

■

in

Belshe

M.

The

Haiduck

F.

G.

A.

been

has

named

Hand-Schumacher

William

P.

Lear,

Vice-President of the

has

Chairman

been .elected

of

the

Lear

board,

Secretary.

line

of

owned

-

by M. D. & S. serve as a connection
at Macon and the Seaboard Air Line RR. at

The

Ga.
West

About

of

69Vo

Assistant

mileage

to

destined

was

Jr.,

President

of

Gearhart, Kinnard & Otis,
have been reelected directors.—V. 169, p. 1115.
*

York,

of

Inc.,

traffic

to

constitutes

Savannah,

part of

Charleston

Controller.—V.

Assistant

bids

the

by the road in 1947 originated
the Seaboard's lines.—V, 169, p. 907.

on

The

direct route from the
Slate
of
Florida.

a

and

handled

points

Secretary and

169;

p.

at

I*"**'.

•"

(Exclusive of

1

the

1007.

February—
from

1949

railway—:—

1948

$438,435

Jan. 29,'49

Cost

',$494,102

from

Net

ry.

railway—

65,406

income_^_

oper.

11,613

86,019

877,656

936,345

163,355

264,308

100,479

86,680'

.

irom

Net

from

Net

163,284

Taxes

18,

ry.

990,668

1,197,083

193,397

290,371

126,442

157,474

railway
income!—

oper.

169,

;

'

1115.

p.

\

selling,& adm.

on

172,406,834

1

Maintenance

&

have

The

refused

of

the

representing
bonds

had

last

29

to

further

company's

further

plan

the

reopen

for

the

of

requested

Commission

Other

Earnings

FOR

FEBRUARY

AND

FIRST

MONTHS

TWO

Gross

Net

1949

from

railway—
railway——.
oper. income—.

$5,549,277

from

Net

ry.

1948

$6,225,895

1,031,545

$4,863,670

943,393

1,234,961

during

accepted

428,359

111,441

681,410

501,312

from,

Net

rv.

railway——... /-.•

from

Net

—V.

11,559,480

169,

1,963,047

income—.

oper;

11,675,839

10,482,467

2,175,502

2.622,429

1,124.411

1,324,698

1,389,521.

760,157

175,674

stock, series C

1335.

p.

U.

corporation

The

Galbraith

New

York

has

announced

organization,

City,

charge

and

that

and

with

C.

in

sales

Link's

rigid

in

boats

C.

of

otlices

at

Son,

35

line

Park

99

thus

February—
from

Net

Net

ry,

1949

704,000
'1,719,354

1,719,354

$4.43

$4.31

$

obligations-.

11,405,468

24,344,767

2,719,959

2,342,615

701,885

484,24i

1948

in

Net

from

Net

rv.

Amounts

472,642

591,919

476,632

406.136-

224,042

226,016

204,124

195,475

2,928,356

2,974,845

2,472,027

,125,567

—

$1

,063,821

935,714

1,239,448

951,461

trust

the

commissions

be

deposited

475,957

408,075

350,133

op

..income

this company for the week ended March 26, 1949,
kwh., as compared with 33,724,000 kwh. for the
4.1 '/< .*—V. 169, p.

an. increase of

year,

of

payable

25-year

2%%
for

Common

within

fund

due to

Nov.

stock

i,147,103

On

surplus.

28,

andi on

1949,

year.

and

recently

subsidiary,

acquired

dividends

of $224,120, after provision
affiliated companies. No dividends
affiliates in the corresponding quarter of

net

sales

for

the

quarter

with

$9,432,247
1335.

p.

ended

in

the

Feb.

675,276 shares

28,

totaled;'

1949

period

corresponding

a

It

of

has

162,833

w

a

March

held

the

operations

of

Standard

board,

Thomas

29,

S.

that Iviachieson

advised

Wholesale

Phosphate

&

been

decided,

the

Nichols- stated,

Mr.

discontinue

to

acquired

the

in

companies

immediately

of

Mathieson

Chemical

name

and

the

names

all

conduct

to

Corp.—V.

169,

1228.

p.

Mengel Co.—New African Contract—

142,761

Alvin

A.

16,560,000

25,790,310

10,373,324

Earnings surplus

,

of

20.000,000

25,790,310

10,373,324

England,

22,114,492

Empire,

•„„___

_.

,

meeting

Chairman

the

over

of

activities

9,00C,J)00

par)

Corp.—Acquisition of Properties
,

annual

Inc., and Southern Acid & Sulphur Co., Inc., on April 1.
day, the transfer of stock by which Mathieson acquires the
these companies, was effected.

both

16,560,000

$100)—

Chemical

Works,
that

of

175,950

20,000,000

1953..

no

$5.46

outstanding in'*
600,000 shares

acquisition of Marsh Wall Products,
stock are now outstanding.

compared

take

assets

2,658,229

2,652,686

175,950

shares,

common

President and

25,435,900

(1,719,354

Inc.,

the) stockholders'

Acid

8,375,585

1,000,000

year—.

(par

Feb.

earnings of the

foreign

of-the

.

2,645,547

——

stock

$3,271,229-

$4.40

shares

common

from. foreign

from

earlier.—V. 109,

would

:

2,792,097

1,

of

"•

Nichols,

5,988,779

system

debentures-——

preferred

months'

taxes,

result

a

At

260,173

one

ended

Effectecf'April lr—

rt--

4,035,635

self-insurance

cumulative

Capital

1335.

1,615,822

vacations).

miscell

months

Products,

Consolidated

1

preferred

on

due

sinking

payable,

Reserve

4.V4Vc

]

debt

Wall

$7,911,083,

12,813,829

(net)

and

$2,748,404

$3.00

number

six

Mathieson

retirement

$1.76

average

corresponding periods last

Masonite

.

—

deposits

and

received

954,112

taxes

Long-term
Notes

output of

in

1949—6 Mos.—1948

$1,798,139

128,793,053

accounts payable

(incl.

the

income

As

449,S30

11,386,483

"

-

i^istalment

$1.29

1948.

2,329,192

132,188,186

—

/•-

to

Dividend

Louisville Gas & Electric Co. (Ky.)—Weekly Output35,117,000

422,872

2,243,356

etc.

for

35,910,390

46,743,598

goodwill,

1949—3 Mos.—1948

sh.^.

com.

per

tlncluded two

Marsh

1,918,681

^

marks,

,.

sold

oq

Customers'

'

corresponding week- last

i

227,502,

(& Subs.)—Quarterly Earnings Decline

t$l,146,167

on

three

were

6,916,000

funds

Federal

738,998

461,585

„

income—.

169, p. 1228.

Electric

•

trade

Other-taxes

railway.

oper.

i_

<nel>

334,491

1335.

'

2,245,914

6,916,000

income

on

—

Salaries, and

1946

1947

$1,223,679

railway.—-

taxes

banks

to.

$1,430,631

from

2,133,679
1.840.427

Federal

LIABILITIES-r
payablq

$1,385,150

income—J

xi

assets

cost

368,742

232,490

taxes

taxes

"Based

the

13,739,640

expenses

,

1947
$15,641,040

.

29,803,040

20,907,947

account—

—

1948 •
$20,602,089

'

after charges

"Earnings

Jan. 31, *48

25,419,142

-u

*

plus div.

capital.

shares-..——„j,——

Masonite Corp.

$

Jan. 29, '49

Accounts

Collections

share

per

working

—

Period Ended Feb. 28—

10,728,853 ~ '8,303,743

*

$16.50

704,000

SHEET

inventories

—

at

additional

share (after preferred dividends)$1.27

per

Net profit

.

v.'--"•

•

•

charges
copyrights,

Total

From Jan. 1—

totaled

BALANCE

.

customers

current

for

—

after

common

169, p.

year

railway

oper.

of

Earned

8,112,756

$3.39

assets—at

Leases,

railway--

from

V

8,323,593

352,000

Deferred

includes

Louisiana & Arkansas Ry.—Earnings—

—V.

6,178,748
1,719,354

types.

newly-appointed
distributor
has
manufactured
lifeboats
and
lifesaving
equipment
for
the
City of New
York
and
well
known
U. S. steamship, shipyard, oil and marine firms.

■

6,257,878

Property and equipment

The

Gross

6,009,000

$3.44

Overpayments of
Other

used

1

—

profit

No.

14,121,756

5,255,000

352,000

apd prepaid
Bank—current

Miscell.

Place,

J.i

(N.

which

Division,

Inc.,

years, has
watercraft.

and Keyport

Marine

ail

&

for

Link

the

Manhattan

of

Galbraith

equipment

executive

factories

all

of

sectional

Gross

13,578,593

4,478,000

1,719.354

Government

S.

Merchandise

(par $15)

be

INCOME STATEMENT FOR. CALENDAR YEARS

.

sales

Net

10,656,748

3,833,000

_

'/*.*

will

4

•

Supplies

pioneer builder of lifeboats and -allied
been
designated as sole distributor of

;

'

;

13,176,358
945,398

*

,

Macy's

takes

1,136,450

-

Aviation, Inc., Binghamton, N. Y.- -Appoints New

Distributor—

both

12,442,143

590,522

share

.

Due from

Link

This

10,066,226

454,952

..."

'ASSETS—

•

Cash

/

.

'•

-■

.

v

.

offered 18,000 shares of $1 dividend cumulative
preferred

■

.

^

2,667,035'

and

12,512,276

252.'

p.

4,018,424,

CONSOLIDATED

railway

April 18. 1949, and the bonds
within 10 days after the date of

it

168,

3,202,381

shares-

From Jan. 1—
Gross

after

by

3,119,487

Fed."

com.'

received

1,417,937

9,635,926

dividends

per

20-day period
be

2,105.880

„——_

common

Earned

the

must

Pasadena, Calif. — Stock Offered —
Bateman, Eichler & Co., First California Co., William R.
Staats Co: and Lester & Co., Los
Angeles, on March 24.

—v.

of

No.

within

April

Market Basket,

•

■

income

earnings

in the open market

1,724,353

10.090,878

Preferred

$5,517,586

-

803,492

,

1946

1947

April
such 2(l*-days period.

within

purchased

2,054,581

290,936,860 279,310,385'

,

Net

February—

.•

exhaust

to

after

days

3,725,327

retail

on

20

2,232,045

rent

before

of

4,169,789

fnetl——

taxes

accepted at any time

bonds may be

sufficient

par..

period

a

Broad

30

18, 1949, receive
leasehold 6''0 'sinking

1.060,985

taxes

,

Federal

be

that

for

trustee,

April

amount

an

may

acceptance by the trustee.—V.

Net

plan

to

prices not to exceed

remain

open

York,

on

mortgage

2,052,230

—

income

1950,

New

p.m.

1,139.323

Two

consolidated mortgage
approved by the

general
on
the

argument

modification of
committees

for

argument.

month.

EARNINGS

V

March
company

holders

the

2,099.406

repairs-

operations

r

ICC

securities

-

made

been

.Proceeds
1

in

111.

v;'''

amort.

from

1,

of

3

first

to

after

be

p.

169,

155,703,576

1,698,239

Income

Co.

until

Marcy

Feb.

at

Trust

will

of

are

extent

will

matter

157,177.157

income

Lehigh Valley RR.—ICC Backs Plan—

&

Y.,
it

due

$57,857

and

days

so

316,102,705 304,952,090

;!V

oc-

exps.

less

expense

that

on

(Largo Realty Corp.), N. Y. C.—Tenders
Bank

to

bonds

of

1949
the

trustee

$

$

decision

18, 1949, at prices less than the prices at which
tendered, such tenders shall not be accepted and to
such extent bonds may be
purchased in the open market during such
l"8-day period. Notice of acceptance of tenders will be mailed by the'

Federal

and

Rent

173,474,404

the

N.

sale

tenders

18

—52 Weeks Ended—

$

income-——.,

Depreciation

-

and

York,

the

gold

bonds

Jan. 29,'49 Jan. 31,'48

Jan. 3,'48

$

buying,

except

taxes

railway

''Deficit—V.

sales,

cupancy

From Jan. 1—

Gross

of

publicity,

150,276

"13,716

163,494

47,346

includdepts

sales,

leased

ing

'

1946

1947

$346,240 :

-

Net

retail

Net

v; •'

$613,432

.

New

sum

All

Macy's Bank)

—26 Weeks E.ided—

-Earnings-

June

Continental

for

fund

or

(R. II.) Macy & Co., Inc. (& Subs.)—Earnings—

D.

New

'Period—'

Gross

in

To

"

Lehigh & New England RR.

held

Street,

-

Frederick

and

be

light of conditions existing at that time."—V.

'

Gearhart,

a
consequent adverse effect on the earnings for
The effect of this, together with a
heavy construction

amounted

bond¬

(The) Marcy

Middle

Division,

Romec

Assistant

with

expenses

capital stock.
which

13

of

Southern Ry.

the

Vidalia,

Engineering

"

A.

from

,

miles

92

between

iivel elected directors. (President of Northern Air Service, Inc.) have
ten
and O. C. Hall
find

received

company

the old Seaboard Air Line Ry. had guaranteed payment of
and int-erets on the issue, this
guarantee was not
by-the reorganized road when it emerged from bankruptcy

1946.

_'

j

for General
(Lear's Washington representa-

Production

ordinary
the

-

program

the

principal

assumed

Lear, Inc.—Three New Directors, Etc.—
Harold

(1453)

modification

Holders

•

Motors

Modification

Although
both

'

,

,

its

to

expectations.

-.

Vice-President,

Treasurer, Mr. Higgins
1922.—V. 168, p. 2432.

since

company

;■

.

.

RR.—Debt
1

favorable

holders

*

President.

Lane,

and

•

Executive

elected

H.

.

-

-

Savannah

&

CHRONICLE

to
approximately $1,350,000, reduced cash
and earnings
to a
point where the directors. felt it inadvisable to
plan under the Mahaffie Act exceeded
declaie the dividends which
normally would have been payable on Oct.
$1,312,000 of the $1,733,000 first mortgage /
1, 1948 and Jan. 3. 1949,
5%
bonds approved the terms.
Under the plan, which received ap¬
"The board at a
meeting held on March 25, 1949 determined that,
proval of the ICC March 10, last, the maturity date of the bonds will
it was to the best interests of
the company and its security holders
be extended for 25 years from Jan,
1, 1947, to Jan. 1, 1972.
Company
to build up the
company's cash position before reinstating dividends
is
to
pay
annually to New York Trust Co., trustee, its preceding
on
the capital stock.
Assuming normal water conditions lor tne bal¬
year's net income in exoess of $25,000, up to a maximum of $15,000 a
ance
of ,the year,
the company believes
that
the earnings
of the
year as sinking fund payments for retirement
of the bonds.
These
company
will be substantially better than
they were in 1948. The
sinking
fund
payments-,
although contingent on
earnings,
will
be:
July 1 'dividend will be considered by the directors at a meeting to
cumulative:
The bonds were brought to market originally in 1907.
The

Kansas Power. In such
additional financing in

into

require

FINANCIAL

&

Plan—

require additional financing

will

merged

company

Dublin

Macon

purposes.

amount

COMMERCIAL

Voit,

President,

been

had

ment

entered

largest

on March 29 announced that an arrange¬
into with
the
Gliksten
enterprises, London,

lumber,

for. mutual

plywood

and

development

interest

veneer

their

of

in

British

the

timber

African

large

prop¬

erties.

Lowell Adams Factors Corp., N. Y.—Files With SEC—
The

SEC

company

for

filed

24

of

shares

share.

per
York.

March

on

147,500

$2

Underwriter,

Proceeds

will

be

for

of

notification

(par T0c).,

Guardian

First

used

letter

a

stock

common

operation

be

to

Securities

of

with

—V.

the

offered

Corp.,

business.

-Total

Bingham

elected

Malarkey,

'

and

Harold

directors.

A.

Other

Thomas Autzen,

Miller,

members

Thomas B.

both

of

of

New

the

board

include

President

Miller

Mr.

Lumber

and
Co.

and

is

Co..

President

Aberdeen,

Stock

of

and

and

National

Lewis

Herbert

Roy

General

director
of

of

the

Sales

Port¬

and

Co.,

{

;

Manager

Wood
E.

■

of

Investment

C.

of

Fiber

Miller

Products
Cedar

San

Lumber

12

Francisco,

ceeds will be used for

will

The

preferred sharei
shares

common

(F. H.)

Good

at

non-detachable

share.—V.

per

169, p. 1335.

the
on

1949—Month- -1948

1949—2 Mos.—1948

$2,178,092

1,635,092

1,779,001

$4,456,215

3,193,451

3,622,340

Joint,

Ity. rents

Pro¬

fDr 1

the

purchase

636,365

543,189

66,357

85,742

109,836

yield

28,675

40,639

47,369

70,915

$204,031

$153,926

$512,725

10,820

22,415

Rentals,
Net

$164,746

$535,140

$333,432

111,201

103,867

216,318

207,702

1

_I. '

etc.—

income ——

—V.. 169,

$102,953

$60,879

$318,822

$125,730

1009.

p.

'

At

the

McGraw,
were

Clifford

reelected

reelected
■

All

that

S.

to

other

Strike,

the

Chairman

President

In

stockholders

annual

of

the

of

officers

and

Joseph

board

held

meeting

Lotterman

directors.

March

Virgil

and

Frank

29,

Frank
was

also

board.

including

Clifford

Strike

S.

as

company

struction

field.—V.

six

queries after the

expects

another

166,

Mr. Strike stated
the industrial con¬

election,

951.

p.

directors

good

year

in

and
L.
was

of

cents

H.

The
of

directors

37'/2

share

April

cents
the

on

12.

This

annual basis,
Jan.

31

and

on

March

share

per

common

stock,

24

declared

and

stock,

an

both

which

had

received extras of
May

1,

1948.—V.

50

169,

extra

a

regular

dividend

payable May

previously
cents
p.

each

1

been
on

on

Jan.

1226.

37V2

cents

holders
31,

a

of

per

record

regular

$1

1949, and on
.

the

Similar

calendar

viz:

action

no

40

action

year

cents

the

on

take

was

1948,

each

the

is

a

2

and

three

and

paid a
April 1;

1.

months'

period.

and

a

into

effect

in

explaining the

why

reasons

the

dividend

said:

for

McQuay-Norris Mfg. Co.—Secondary Offering—A sec¬
ondary distribution of 21,650 shares of common stock
(par $10) was completed after the close of business

share.

March 25 by Shields & Co. at $16.75
per
discount 60 cents*—V, 168, p. 2433.

of

current
,

time

water

conditions

materially

improved

the

capital 'stock

and

for

the

company's

on

consolidated

a

months

12

earnings

ended

are

basis

Feb.

28,

continuing

increased

1949

to

east

to

severe

section

the

entire

and
the

still

to

the

advantage

at

operations.

plywood

our

preferential

thereof

of

.(

and

permit

we

Gliksten

the

in¬

••'
will

operation
Stales

for

a

consideration

yield

provide materials

United

operations

for

prices

competitive

169,

slate

of

4

an

new

April

on

soliciting

by

proxies

committee

Louis

Hubert

It

F.

was

board.

are:

.

reasonable

a

plywood

that

under

1335.

p.

for
Rear

directors

return

and furniture

should

help

to make

conditions.

any

This

operations should
case
without the

.

will

independent

their

be

Carl

presented

stockholders'

elections.

Admiral

Wolfson.

E.

The

Henry

to

Cotter,

the

stock--

committee

nominees

who

proposed

by

U.S.N,

'

-

O'Brien.

Cotter

if

the

will

contracting

committe's

be

Vice-President

presently

and

that

slated

Admiral

elected

of

organization

of

Blythe

nominees

President

Charlotte,

S.

are

of

Brothers

elected

to

the

company.

this

Co.,

He

an

engineering

C.

committee
is
comprised of:
Mr.
Fink, 1186 Broadway, New
York, N. Y.„ as Chairman: Charles Baten, Paul H. Hershey, J. Radley
Metzer, Philip Pittluck and Samuel Wallach, with Guggenheinier &
Untermyer, 30 Pine Street, New York, N. Y.f as counsel.—V. 168, p. 347.

$1.04

Midland

of

summer

take

no

drought
the
of

action

country
1948

on

conditions
during

which

dividends

experienced

1947

required

and

the

we

from

per

Net

from

during

the

Net

ry.

reviewed

the

effect

the north¬
water conditions

throughout

the

poor

company

to

incur

extra¬

Valley RR.—Earnings—

February—
Gross

month.

directors
the'

in

African

integration."—V.

$1.44

were

improve

to

"In previous letters to the stockholders referring to the decisions of

the

in

that

on

The

sawmill

other

its

on

The

estimated to aggregate
$275,000 annually went
Sept. 4, 1948 with the result that the earnings of the
have been improving. For the year 1948 the earnings avail¬

share

in

States

increase

rate

company

able

Since

and

of

materials

receive

United

The management's
slate
includes the present directors, with
the
exception of Mr. Fink, whose name has been replaced by that of

is

President,

the

(retired),
Sol P. Finkj Paul H. Hershey, Louis F.
Hewett, Richard C. Hollyday,
William H.
Kasten, Jess Larson, Edward D. Mitchell, Chas. H. Sell,
D. Mallory Stephens, William B. Thompson, Dr.
Irving R. Tabershaw

company

Jan.

on

of

declaration

solidated

per




July

omitted,

*

share. Dealer's

stock.

common

share,

took

25

earnings of this company reached a
low point for
the 12
ended Sept. 30, 1948 when they were $.62 per share on a con¬
basis as compared with $2.42 per share for the preceding 12

months

dividend

quarterly
of

to

on

March

During

per

Alline,

again

"The

/McLellan Stores Co.—Dividend Rate Increased—

ago.

$1.05

25

on

the

on

months

total

reply to stockholders'
the

The

dividend

reelected

were

Treasurer.

An

holders

and

Maine Public Service Co.—Again Omits Dividend—

Sullivan

C.

McGraw

H.

H.

The

phase)

Merritt-Chapman & Scott Corp.—Proxy Contest—

the

McGraw & Co.—Directors Reelected—Outlook
i';

interest,

initial

the

normally the plywood and
furniture
higher rate of profit than would be the

African

23,497

$214,154

1—

into.

of

that
a

rental

and

entered

$309,935

7'

10,123

income

the

certain

from
will

we

in

basis

African

our

believe

rpeans

income

'Gross

of

American

64.514

income

oper.

materials

low-cost

manufacture
the

138,169

(Dri__

basis,

operations

investment

upon

$4,475,652

operation,

Gliksten

to

been

completion

7".

"We

sold

have

us.

arrangement

furniture

use

into

arrangement

been

preference as to logs produced from both the
the Mengel timber
concessions, and as to lumber from
operated sawmill. Gliksten also commits itself to deliver,

favorable

a

and

by

the

of

has

sawmill

'

$2,179,117

•

for

portion

the

terests.

RR.^—Earnings-

revenues

H rents

and

."Under.this

,

246,805

Equip)

1009,

p.

this

accorded

are

Gliksten

presumably

Period End. Feb. 28—

Other

warrants

169,

put

operated

"We

assuming hL new duties at Magnavox he
interests from his home in San Francisco, Calif.

Taxes

are

working capital.

bear

$10

be

Gliksten

•

;

of

to

arrangements
covering
African
veneer
mill:

before

personal

Operating expenses —_

par

preferred will be purchased by McCormack Co.

months

his

Maine Central

Preferred

—

order

logging equipment in Africa

the

VW-'

Francisco, Calif.

our

1147.

p.

a

"In

See latter

Co.,

($10) 28,400 shares of 6V2% cumulative
participating preferred stock. In addition 1,600 shares

of

the

In

Operating

Corp.,

Light &

Boscow has been appointed General Sales Manager.
In recent
he had been Director of Advertising and Sales Promotion, Fleet
Manager and Western Regional Manager for Nash Motors Co.

directed
—V.

Stimson

the

168, p."2687,

Offered—Hannaford & Talbot, San

offering at.

Bank

Inc.

and

a

First

the

Mines.

director

a

the

of

Benton

Wash.'—V.

McCormack

•

director

Vice-President

Vice-President
of

director of

a

Co.—United

said:

(The) Magnavox Co.—New General Sales Manager—

„

years

director

a

Electric

arrangement, the African logging and sawmill operations
Mengel Co. are to be conducted by Gliksten
(West Africa)
wholly owned subsidiary of J. Gliksten & Son, Ltd.
Mr. Voit

Japproaching

Malarkey, Runtington Malarkey
:

Gas &

below.—V. 168,

company

and Neil

Malarkey.
Mr. Bingham is also
land,
President and a

•

Railways to Distribute Stock to shareholders.

have

Ore.;

(Wis.)

this

The

Ltd.,

■

Portland.

of

499.

p.

Madison

M and M Wood Working Co.—Two New Directors—
Mason

169,

Under

132,188,186 128,793,053

at

^

been

—i-i————————

1949

railway

railway

oper.

income—

1948

1947

1946

$151,664

$159,957

$148,253

$117,731

45,462

55,775

57,531

17,966

25,100

30,577

36,840
18,704

312,724

348,755

302,932

253,983

95,205

134,346

121,845

28,156

53,528

57,192

•

From Jan. 1—
Gross

from

Net

from

Net

ry.

—V.

railway

railway

oper.

169,

p.

income—
1115.

84,647

:.r»,3 <n
-,

■

«

14

THE

(1454)

in

Co.—Registers With SEC—

Minneapolis (Minn.) Gas
company

the

purchase

substantial

March 30 .filed a registration statement with the
SEC
covering 109,039 shares ($1 par) common stock, to be offered
stockholders at rate of one additional share for each 10 shares held,
The names of the underwriters will be supplied by amendment.
Pro¬
ceeds will be used to pay off $750,000 of bank loans and to finance
additions to its utility properties.—V. 168, p. 1905.
The

COMMERCIAL
of

new

additional

machinery

expenditures

(net)

Interest

''Cost

!_

manufacturing

for

Prov.

Federal

and

$1,944,219

'319,899

$1,885,710
'46,108

Net

'554,979

'253,850

State

4,182,249

4,439,040
'524,334

4,049,624

'666,977

railway—
railway

from

Net

from

Net

ry.

income-.

oper.

*1,143,178

*951,545

*308,333

'Deficit.—V.

169,

._

59,845

—V.

subscription

169,

Philip
of

rights,

the

in

ratio vof

for

share

new

one

after

the

DEC.

19,117

31,

1948

on

possible

for

million

payable

(trade),

$1,533,775;

Co.—New Vice-Pres. of Unit—

cubic

feet

that

anticipates

management

such

vV

be

in

until

return

of

the

charge of

operations

L._ A.

Dr.

Pratt,

of

of

Alcohol

the

Winchester,

com¬

quarterly

today.

regular
Dec.

on

of

tion

in

offset

share

per

stock

by

that

it

with

has

President

be

its

to

State

board

Street

State

of

Co.

Street

North

are

The

all

Fuel

Corp.

common

and

United

Carbon

stock
Co.—V.

University

Harvard
the

of

the

of

and

Philip

North

and

institutional

17

199.512;shares

of

the

apply

Insurance

Texas

&

Norristown,

shares being sold for the hospital
being offered are sold.
The hospital

70,000

proceeds

received

as

laboratory,

of Feb. 18,

as

to

Merri

1949,

laboratory,

petition

$i;590,100

sidiary,

the

in

March

claim

Orleans,
The petition

New

501,581.
tective

filed

was

Robert

Co.

F.

Claim

of

committee

of

the

Texas

the

Missouri

Mexico

&

seeking

Pacific

RR.

Ry.

from

jointly

submitted

was

ICC

by

reduction

a

(Treasurer),

Elam

A.

Fidler,

Walter

stockholders

against

$18,091,681
counsel

its

for

tion

sub¬

the

four

with

this

pro¬

for

holders of Missouri Pacific 5V4% secured serial
counsel for John Speed Elliott, a bondholder, acting
in his own behalf.
The bonds, of which $11,245,000 are
publicly held,
are
secured
by pledge of 121,460 shares of capital stock of New
Orleans, Texas & Mexico, or approximately 82% of the total issued.

office

gold bonds and by

reelection
The

vote.

In

voting

of

things,
Oti

the

Pac fic

the

stock

of

secured

existence

and

$10,565,227 principal,

and

accrued

interest

New

serial

of

said

claim."

The

claim

$7,526,454.

Interest

claim

the

on

been

a-cciued

by New Orleans. Texas & Mexico at the rate of 5»/2% annually
the principal except
$400,000, on which the interest rate was
annually.
The Petition called attention to the fact that
in 1946 the rate of
all

one

of

paid

by

Reconstruction

April

1,

ing)

1933

equity,

the

must

be

not

to

about

of

Pac.tic

the

Pacific

Corp.

onte

of

made

that,, "as

profit

to

the

is

under

a

share

of

said.—V.

Missouri

duty
the

169,

tificates,

series

interest

an

matter

a

of

the

Pac1K"aii$l
this

to

latter."

the

law

This
of

interest

V.

&

$4,320,000 1lk%

LL,

Trust

Hutzler

and

cost

of

about

saiijor 2l/zs

The

can¬

2.561%.

Other

30

bids

on

Te"Xas

rate

received

of

for

the

a

bid? 99.10,

The

Hall

&

both

for

Co.

1954.—V.

1949,

to

and

169, p.

bid

99.2055

the certificates

certificates

15,

(Inc.)
be

issued

will

as

Kidder,

2%s.

under

mature

and

Peabody

at

'

the

&

,

Co.

V

the

to

two

cumu¬

each
cast

share
all of

30,

ly48;

10,

Wilbur

1948;

Treasurer,

23,

Vice-President

director and

a

June

has

resigned

1949.—V. 169,

this

of

company,

Norton, a director and
Romer, a director,
Treasurer Oct. 29, 1948, and
H.

as

1336.

p.

called

of

time past we have felt
felted

rug

and

on

its

for

redemption

well established

to>

function

iwW
In

InC),

as

a

as

the

manufacturer of

heretofore,

wholly owned

addition

to

the

company

New Orleans & Northeastern

from

from

Net

ry.

railway-

Net

—V.

under

earnings

on

To

purchase of

expended




during

the

1948

of

Charles

Carpet

Mills

Charles

the

sum

Lachman,
Inc.

Lachman
of

V

94,422

171,833

108,596

2,045,040

1.640.80G

1,402,553

604,508

537,875

251,363

199,460

652,444

911,003

269,311

404,549

•

1010.

p.

New York Central

RR.—Earnings—

(Including

Railway

& jt.

50,309,402 102,189,261

105,232,077

$8,752,954
4,201,824

ry. oper.

facil.

1949—2 Mos.—1948

48,763,742

tax accruals—

"Railway

Equip.

Lines)

$57,516,696 $55,275,240$119,051,8138114,600,094

expenses.

oper.

Leased

All

1949—Month—1948

Period End. Feb. 28—

Railway oper. revenues.

Net ry.

May

$4,965,838 $16,862,552
5,334,840
8,945,527

$9,368,017
9,401,305
4,949,447

3,149,389

2,255,383

1,477,185

rents

$4,767,636 t$4.982,735

$3,073,945 t$2,G24,385
1,910,152
5,114,951

Income—

oper.

income—

Income

4,639,698

6,859,263

$9,407,334

income
Fixed

81,876,528

,

—V.

169,

per

p,

from

152,777

159,585

310,902

331,144

3,475,991

3,419,394

6,946,170

6,846,859

$1,355,329
137,364

t$l,088,413

.

—

—

charges
income——

Net

Murphy

SEC

filed

286,315

New York New Haven & Hartford RR.—Feb.

mortgage

Earnings

Net

registration

a

customers.

."•>Tn

compares

February

Co.,

$2,470,000

share.
will

be

135,873

removal

FOR

CALENDAR

YEARS

amounted

to

compared
of

ruary

Detail
the

$9,885,000

...

common

1336.

share

$8,440,000

1,228,000
$4.40-

$4.69

.

'

'

•

other

'

in

with

Ranch

Mutual
-

..

on

March

2t

1,118

shares

of

Underwriter, San
used for capital

.

Water
-

fled

1

Co.,

Whittier,

Calif.—

-

a

same

an

month

It

revenue

as

$211,827 from
-

of

decrease
The

this

7.5%

showed

pointed

17.7%

of

ratio

year

of

was

common

of

stock

to

year.

February this
revenue

A.

of

20.3 %

revenues

to

operating

Schwartzstein

Treasurer,

sold

$9.18

per

Treasurer.—V.

Co.
•

Proceeds
'

freight

decrease

compared

with

91.6

operating

in

succeeding
169,

p.

has

James

been

A.

in

1948

of

in¬

February

showed

a'

volume.
in

February
1948.—V. 169,

--

appointed

Marohn,

on

volume

expenses

page

,

Appointed—

Controller

who

has

1116.

(Continued

Feb¬

those

revenue

of

passenger

Noma Electric Corp.—New Treasurer

the

Gabriel (Calif.) Development
additions and extensions.

of

a

as

in

with

show freight revenue
16.2%: despite higher

year

decreased

Comparisons

sources

year

February

j

with

at

this

,

,

operating
8.4

and

that

,

passenger

same

decrease in

out, however,
day.
,

1338.

notification
be

a

the
.

February

business

received in

and
this

in

results

1948

in

was

additional

obtained

rates

Fred

letter

February,

February

incomer of

1948.
comparisons

of

$1,494,319.

p.

in

company

including building rentals in the Grand
well
as
from
dividends and interest,
of this year, the statement shows,

sources,

area,

$141,732

•

1947

this

costs.

Terminal

Traffic

'

.

from

Income

Central

of

by

$1,706,584

snow

as

earned

was

with deficit of $1,494,757 reported in February, 1943.
this year-, railway operations resulted in a deficit of

which included snow removal cost of $112,676. Of the deficit
from railway operations in 1948, $952,966 was due to

$29,405,
of

$112,327

of

income

which

cluded

1,339,000

company

covering

$2,150,262 t$5,301,475
286,108

Fed. Inc. taxes

tDeficit.—v. 169, p. 1338.

companies

company

Files With SEC—
The

$2,490,566

$4,984,097

deductions

Miscell.

through

next,

1,

S^ll Bonds Privately

income

Earnings
manu-

products, which will continue

guidance

subsidiary of Mohawk

foregoing

has

Net

Feb. 14 said in part:

these

the

242,860

106,490

income

oper.

169,

$656,051

270,537

1,628,470

railway

railway______

from
ry.

1946

$778,909

1—r

from

Net

1947 >

1948

$954,984
401,529

income—

oper.

From Jan.
Gross

RR.—Earnings—

1949

$728,902
260,685

railway

carpet

padding. ' After investigation of the
manufacturing facilities already in this field, we purchased, in Sep¬
tember, the business of Charles Lachman Co., Inc., of Phoenix'ville, Pa.
j*

1337.

p.

February—
Gross

Total

sell $2,000,000 of new first
within the next month.

is- proposing to

insurance
18

98,000 electric

Gross

Annual Report—Howard

the need for facilities for the

mortgage

Common Stock—

RESULTS

—

trustee,

Boston,

decreased

Shuttleworth, President,

For some

facture

of

Other

19*8

B.

30-year 5% gold bonds, series
called for redemption on June 1, next,
will be made at The First National
45 Milk Street. Boston,
Mass., or, at the
The New York Trust Co., 100 Broadway,

first

Arthur C.

and

States Power Co.-

<,

Mohawk Carpet Mills, Inc.

Telephone & Telegraph Co.—Calls Bonds

outstanding

option of the holder, at
New York, N. Y.—V. 169,

divide them between

statement with the SEC
covering 50.770 shares of common stock to be distributed by a group
of
underwriters headed by Merrill Lynch,
Pierce, Fenner & Beane.
The offering price has not yet been determined.
The company expects
that
the
registration statement will become effective - on or about
April 6 and that the stock will be offered by the Merrill Lynch firm
and a
group of selected underwriters immediately thereafter.
Company,
which provides 117 communities in Oregon,. Wyoming,"'Montana,
Idaho,
and
Washington
with
electric
service,
expended
$4,667,000 for additions and improvements to property and equipment
in 1948 according to a report just, released by Z. E. Merrill, President.
Approximately 75%
of this amount covered the cost of improving
and extending transmission and distribution fac.'lities used in serving
March

On

cer¬

Philadelphia plan are dated
$288,000 each April 15 from 1950-

1336.

may

have

for
may

Morrell & Co.—Partial Redemption—

company

bonds

.

-Harris,

or

the

of

due June 1, 1952, have been
100 and interest.
Payment

he desires.

June

Feb.

company

The

on

net Interest

certificates

He

220,280,000 cu. ft.
above production
week a year ago.—

the0 corresponding

for

ft.

cu.

1337.

p.

"Includes

Certificates

99.511,

votes

one

the

associates

equipment trust

bid

a

candidate

will

four
him.

to

the sinking fund, $500,000 of 15-year 3% debenture^
May 1, 1958 at 100 and interest. Payment will be made at The
National Bank of Chicago, trustee, Chicago, 111.—V. 169, p. 380.

at

March

to cast
owned by

one

entitled

is

shareholder

each

him

stock

share

operation of

A.'

were: White, Weld & Co., 99.11; Halsey, Stuart & Co. Inc.,

9sfX)Y,

April

awarded

was

directors

of

Appley,

resigned

(John)

<& Co. Inc.
issue

169,

Net

* •

outstanding

Each

"A"

way

effective

director

a

as

prices to yield from 1.45% to
2.75%, according to maturity. Associated in the offering
are Drexel
& Co.; Union Securities
Corp., and Stroud
The

term of
nominee .for"

a

electric out¬

reports

Association

the

output for the March 25 week is reported at
an
increase of 32,141,000 cu. ft., or 17.08%

New England

whose

Jr.,

director, but is

25,

is

Net rev. from

Mountain

RR.—Equipment

McLennan,

as

March

kwh. This is a decrease of 337,810 kwh., 01* 2.31%
of 14,603,088 kwh. for the corresponding week a

14,265,278
production

188,139,000

Bank

22

April

years

term.

in favor of

Vice-President and

and

Guy

Orleans,'

New

R.

111.

sav¬

New Orleans, Texas

reduced

Donald

entitling

class

any

A.

by the parent Missouri

at

available
of

in

President,

1336.

p.

Bros.

offered

loans,

election

rights

or

-To Sell

Pacific

Offered—Salomon
March 31

make

to

benefits

from

suos^fflary and the former

experfey

the

its

Mexico,

the

obt/tilfcd

savings
at

trustee for both Missouri

petitioners

$28,984,800

resigned

& Co., Incorporated
annually for the period from

asserted

and

as

&<■ Mexico

of

the

Lawrence

Morgan

of

available

to

P.

J.

to 4%

payment

benefit of interest
be

loans

on

and

from 6%

$7,684,340

permitted

Thompson,
St

Missouri

Finance

reduced retroactively

was

three

169, p.

ended

week

the

of

39,475 shares in
1948.
JEquivalent to
and

England Gas & Electric Association—Output—

New
For

Chicago).

C'r

interest

for

scheduled

of

Only shareholders of record March 14, 1949, will be entitled to vote.
for reelection for term expiring at annual meeting in 1952
are:
Sewell L. Avery (Chairman of the board of directors of this com¬
pany, also Chairman of the board of the United States 'Gypsum Co.,
Chicago); Philip R. Clarke (President, City National Bank & Trust
Co. of Chicago), and David A. Crawford
(President, Pullman Inc.,

consists

has

terms

share.—V.

Nominees

representing advances by the Missouri Pacific,

of

shares.

total votes

nominees

Orleans, Texas & Pacific and for the
bonds, is "predicated on, among other

amount

.

common

such

amendment

201,554

lative

Mr.

Elliott.
Both railroads have been in
bankruptcy since 1933.
reorganization plan proposed by an ICC examiner and recommending
meager of the two railroads is under consideration by the commission.
The petition stated that the treatment
proposed in the reorganiza¬

tCost
per

$346,187

.

—

1948.

at

has two classes of voting stock, of which the following
outstanding:
common
stock,
6,502,378
shares;
class A

are.

sel

plan for

meeting

for

$428,636

—

to 48,493 $1 par shares in 1949
$435,980 in 1949 and $363,670 in

"Applicable

$1,041
345,146

—

Total

Hobson.—

company

shares

A

Missouri

annual

three

the one-year

for

stock,

tion

their

expire in 1951, resigned

to

was

Putney, Twombly, Hall & Skidmore of New York City, is counsel for the
prqte'ctlve committee and Oliver & Donnally of New York City is coun¬
for

at

directors,

L

expenses

$4,559
1,151
+422,926

purchased

securities

for

$8.72

$346,187

$428,636

1"y-iV';.,

assets

"Net

Gas

each and
one
for a term of one year to fill a vacancy.
An amendment to the
by-laws adopted Feb. 25, 1949, reduced the number of directors from
12 to 9, divided, into three classes of three directors each;
In connec¬

$16,-

to

elect

229

-

Accrued

All

will

17,037

12,439
2,326
.

year ago.

'120,000 shs.

Montgomery Ward & Co., Inc.—Annual Meeting—

of

and

Total

below

Outstanding

250,000 shs.

<fc capital

accrued

interest

charges

(Vice-President), J. Raymond Christy^ Jr., (Secretary),

Ramey

18.317

securities sold

for

Deferred

put

is as follows;

.

•
1948
$329,150

$395,325

value)—.—

subscribed
receivable

605.

169, p.

The

with

24

receivables

stock

28

FEB.

SHEET

„

Dividends

etc.,

$50,000

$1)

(par

Hill

C.

V.

RR.- -Reduction

BALANCE

1949
market

(at

and

*

^

Current

3,859

which in 1949 amounted to $4,467,

security losses,

of

$3,962

4,620

—

$3,632.

to

$6,381

r.

.

,

Cash

the

to

improvements

bacteriological

outstanding if the securities being currently offered are sold.
names
of
the
directors
of
the
corporation, ^re fas
follows:
C.
Mollier
(President),
Chester
A.
Helsel ^yice-President),

Edward

Against Subsidiary Sought—
A

1948

'.

paid

"Exclusive

in

1948
$4,986
1,024 '

<

1,037

—150

taxes

income

income

Dividends

A,

Missouri-Kansas

Federal

for

1—-

_______

_,

less

year

be

The

which

Carbon

Inc.,

______

stock

Common

jMississippi River

fweviously owned by Columbian
169, p. 1229.

to

Mortgage

H.

America

investors

the

of

Vice-

Bennett,

F.

Hospital,

of 37'/z

$7,568

■___

LIABILITIES—

Authorized

"To

Corp.,
three

are

year

George

proceeds

capitalization

The

corporation revealed

Corp., Boston,
Insurance Co. of

of

1949

income

Provision

will be issued to The First National Bank

$140,000 if all the shares

property, X-ray, chemical
and working capital.

be

to

net

be

intends

additional

of

expected

is

Investment

Investment

America

acquired early this

directors

of

bear

Of the shares offered 20,000
being sold on behalf of existing stockholders.

will

1950.

rights offering,

Financial V.ce-President
affihated companies.

will

Increased

dividend

quarterly

a

(The) Nesbett Fund, Inc.—Earnings, Etc.—

at $2.50 per share.

value)

gas

issuance

and

in

from

Offered—Buckley Brothers, Philadelphia, on
March 30 offered 90,000 shares of common stock ($1 par

payment being

the

higher

the

from

facilities

sell,

1950.
The new
notes
mature not later than one

Chiropractic

Montgomery

a

with

temporary,

new

announcing the

elected

of

only
the

of

Cooney,
and

a

and

resulting

earnings

should

utilization

Coincident

$2,289,767,

and

Pa.—Stock

share, consisting of
25-cent per share extra

$1.75

declared

29

the capital

on

Payable

with

effect

March

on

share

per

•(Investments

issue

to

31,

annum,

day after issuance, and
Boston.—y. 169, p. 1229.

one

rates row
income for this year should be somewhat higher. Reduc¬

net

common

take

to

March

requirements through
interest
at
2(4%
per

:

totaled

earnings

effect

is

last year totaled
quarterly payments, plus

c

31.

1948

which

rate

Payments

37 (a

has received SEC authorization

company

time
to
time,
not in
excess
of $4,000,000 of unsecured promissory
the proceeds of which would be used to prepay $740,000 of
outstanding 2(4% short-term bank notes and to finance construction

policy, the management of the corporation proposes to maintain
dividends
on
the
enlarged stock
capitalization at the 45-cent per
made

directors

stock, payable April 29 to holders of
record April 15. This compares with 25 cents per share paid on Jan. 31,
this year, and in each quarter during 1948. A 50%
stock distribution
was also made on
Nov. 30, 1948.—V. 168, p. 2686.

notes,

a

share

d(ie

ASSETS—

Montaup Electric Co.—Note Issue—

justify

conditions

debentures,

25-year

loan,

National Tank Co.—Quarterly Cash Dividend
The
cents

Mass.,

Manager of that concern, who is ill. Mr. Single¬
his new duties April 1.—V. 169, pp. 1229 and 1336,

.

economic

bank

1337.

p.

'Net

will

The

remainder of the funds needed
under way will be obtained

the

the expansion program now
through serial bank loans.
Froviding that earnings and
general

$40,000,000

2Va%

25-year

Expenses

of this company's Washington, D. C.
Vice-President of New England Alcohol Co.,

Singleton

offering in

public

a

the proceeds to
serially next year, and to
reimburse its treasury for funds being spent on company's new chemical
plant.
This new $10,000,000 plant is being constructed for the manu¬
facture of sodium and chlorine, following contract arrangements with
E. I. duPont de Nemours for licenses
to processes involved and for
engineering and technical assistance.
Underwriters, it is understood,
will be Glore, Forgan & Co. and Harriman Ripley & Co., Inc.—V. 169,
of

future

a

COMPARATIVE

pipe

complete

make

to

planning

reported

is

company

near

two

each

Corp.—To Sell Debentures

inventories

Manager

been named
a subsidiary.

took over

ton

notes, will be applied to financing expansion of
line system to bring delivery capacity to 266
a
day, from
175 million feet a day at present.

of

repayment

The

in

OF

President and General

the recent sale of $20,000,000 mortgage bonds

from

rema.11.ng

company's

to

AS

be

balance

.

and

$174,724;

Singleton,

A.

Boston,

pany

R.ghts will expire May 2, 1949.
The subscription price
specified later in an amendment to the registration statement.
Uhion Securities Corp. is named as principal underwriter.
Proceeds
from
the
stock offering, together with
about $5,150,000
will

441,566

24,755

The

the

replace

806.

p.

has

Mr.

held.

shares

S

1337.

p.

Total

issuance of 327,610 additional common shares.
These
offered to common stockholders of record April 12, through

be

banks

provision

Monsanto Chemical

registration state¬

with the SEC a

filed

30

SHEET,

an

of

Quarters Ended Feb. 28—

cover.ng

to

are

March

corporation

474,449
_______

other, accounts
payable, $1,729,434; dividend payable Jan. 10, 1949, $531,000; Federal
and State income taxes, $2,986,712; other accrued taxes, $94,817; other
accruals, wages, etc., $571,668; capital stock
(par $20), $10,620,000;
capital surplus, $567,582; earried surplus, $13,917,205; total, $32,552,193.

Mississippi River Fuel Corp.—Registers With SEC—
The

in

(less

receivable,

office,

ment

$5.15

of

of

LIABILITIES—Accounts

written
bonds.

$2,000,000

of

1,593,000

$7.86

,

hand, $3,369,754; accounts receiv¬
losses), $3,819,414; other ac¬
of
raw
materials, goods In
process,
finished goods and supplies, $14,790,875; prepaid expenses,
$850,948;
notes receivable (non-current), $492,128;
investments
and
advances, $1,601,464; property, plant and equipment (after deprecia¬
tion of $11,227,358), $7,452,886; total, $32,552,193.

proposals for the purchase
Such proposals are to .be
presented ti the company, at the office of the service company,
Commonwealth
Southern Corp. (New York), 20 Pine St., New York,
before 11 a.m. (EST), on April 11.—V. 169, p. 1336.
inviting sealed,
first mtge.

is

company

it

from

Van Bomel, President, announced on March
insurance plan, employees carried in
1943

A.

group

$80,580,000 in life insurance and $660,000 of weeklv
coverage
for
accident
and
sickness insurance.
Under the revised
plan this coverage is expected to increase to $120.000,0®0 for re¬
insurance and $1,100,000 for accident and sickness insurance.—V; 169,
aggregate

$2,733,726

1,593,000

___

depreciation

counts

Mississippi Power Co.—Bids for Purchase of Bonds—
The

L.

Plan

about $120,000,000 will be made
employees of this corporation ana

2,000,000

____________

depreciation

able—trade

1115.

p.

2,870,000

$4,172,945

ASSETS—Cash

3,509,177
*65,763
'365,539

_

5,523,013

taxes.:

share

BALANCE

From Jan. 1—
Gross

$46,962,690
36,705,951

47,640,282

7,249,466

income

declared
per

"Includes

*346,806

•income..

oper.

$61,932,693
sold
expenses

the

45,000

than

more

subsidiaries,

totaling

coverage

the

to

Under

84,077

income

Dividends

Earnings

$1,585,568
'£16,676

'618,978

_

$2,101,347

'385,025

railway-

railway

1947

^

201,880

;

merchandise

insurance

National Distillers Products

1946

1947

1948

1949

February—

ACCOUNT

(net)_

Corp.—Group Insurance

National Dairy Products
available
its

income

general, admin, and other

Minneapolis St. Paul & Sault Ste. Marie Ry—Earnings

ry.

and

1949.

1948

tIncludes

Net

equipment

in

$61,730,813 $46,878,613

other miscellaneous

income

of

tSelling,

March 26 declared initial cash

on

INCOME

_____

and

Total

from

made

Years Ended Dec. 31—
Sales

dividends of $1.37 Va
per share on the $5.50 cumulative first preferred stock, 37Va cents per
share on the $1.50 cumulative convertible second preferred stock and
30 cents per share on the common stock, all payable May 15 to holders
of record
April 22.
These distributions will be made also on unex¬
changed shares of Minneapolis-Moline Power Implement Co. preferred
and common stock outstanding on the record date except in the case of
holders who have effectively dissented from the merger.—V. 169, p. 907.

from

productive

be

Life
COMPARATIVE

Minneapolis-Moline Co.—Initial Distributions Declared

Net

and

will

1949

Monday, April 4,

CHRONICLE

on

The directors

Gross

FINANCIAL

&

50)

and

been

Assistant>
appointed

Volume

169

Number 4791

THE

COMMERCIAL

&

FINANCIAL CHRONICLE

(1455)

15

Stock Record «» New York Stock Exchange
DULY DANCE OF PIICES

WEEKLY VOLUME OF

YEARLY RANGE OF SALE PUCES

STOCKS

Ranre for Previous
Year 1948

Lowest

63%

79%

Dec

2%

100

44%

Jan

Dec

69% Jan

5

J8% Mar

7

3% Jan

7

Abbott

4

49 % Feb

9

Acme

Feb

23% May

17% Feb

10

19% Jan

6

Adams

Dec

46%

35

27%

Dec

7%

Feb

xl8%

27% May

13%

Dec

65

Nov

2%
37

Dec

Jan

26

19% Jan

6

22% Jan

21

58%

5

18% Jan

3
9

3

Jan

13 % Feb

64% Jan

24

Dec

34

May

23% Feb

11

109

May

100% Jan

11

Mar

96

Apr

11%

Jun

7%

Dec

xl71

May

198

Mar

70

Dec
Dec

34% May

25% Jan

3

Feb

37 % May

25 % Feb

25

91 /

16% Mar 28

Jan

Jun

83% Jan

8

26%

Dec

42% May

25% Feb

25

73

Dec

98,

Jun

77 % Jan

3

X25

NOV

3%

31% Oct

Nov

3

Jan

3

Jan

39

Feb

17

43

Jan

7

103

Jan

20

Jun

34% Jan

3

52%
10

Mar

68

Mar

18 3/4 Mar

Dec

103

43% May

Nov

6%

111

Sep

3

Dec

Feb

10%

Jun

100% Feb

25

Dec

7% Feb

24

81

,

27

110

Aug

Dec

51

May

39% Feb

15

Dec

20%

Jun

15% Feb

Dec

22 %

Jun

15% Feb

81

Dec

94

Jun

79 % Jan

33%

Feb

43

Oct

35'A Feb

22% Mar 30

24

Apr

13% Jan

5

4 % May

1% Jan

4

Dec

89%

Jan

44

Jan

14%

Jun

Jan

6% Jan
38% Jan

6

Jan

6

17% Jan

17

17y2 Mar 30
2% Jan

Jan

31

37% Feb

4

4% Jan 20

3
3
5

24% Jan
5% Jan

47 y4 Jan
27

6

5

73

Feb

23

10%

Feb

15%

Jun

11% Feb

7

12% Jan

13%

Jan

19

Jun

15% Mar

1

Jun

15% Feb

Jun

88

26%
108

26

Mar

5

•v

3%%

Nov

21% May

12% Feb

Dec

94%

Jun

76

Dec

10% May

6

y4 Mar

93

Dec

5%

35

98

Dec

29

8%

Dec

Feb

11%

80'/a

Nov

60%
12 %

Feb

Mar
Nov

169

Jan

*

30% Jan
101

19

Feb

38

22

8
4

14% Jan
175

Feb

25
7

11

25

56% Jan

7

11

154 V2 Jan

41% Feb

5

39

3

135
28

21

Dec

27

Apr

2iy4Jan

6

34% Jan

Jan

130

9

Jan -

Mar 21

3

Mar 31

May

54 % Mar

131

.

Oct

46%

Feb

115%

Nov

6%

Dec

x33%

Nov

90

Dec

76% Mar
x5%

Dec

51

Nov

158%
68%
144

Jun
Jan
Mar

71% July
120

8%

Jun

,

31% Feb

25

121 y4 Mar 28

xl6% Feb

Jun

112% July
8% Jun
67

143

May

Jan

60% Jan
135

Jan

53% Mar

28
17
3

6% Jan

150% Jan

5

68% Mar 23

Mar 23

38% Feb

Mar 31

80

Jan

6% Jan

7

14

57% Jan

24

31

38%

Jan

25 y2 Jan

98

Sep

Jun

99% Mar 29

Mar 28

35% Jan

7

30% Mar 28

35% Jan

8

3

30% Mar 14
105

Mar

2

31%

31%

:'-.r 32

32%

313/4

104%

*103

Light

15,400

903/4
1743/4

28%

70'A

71%

70%

70%

71

72

72%

723/8

*71%

46%

17

17

17:.;'/

17

17

17

*16%

10

*17

35%
5%
16%
16

16

1%

1%

2,200

453A

*16%

*5%
*15%

99

453/4

16%

35%

1,600

453/4

*16%

105

713/4

44%

10

*104

71 3/4

22%

17%

*17

*82%

83%

*82%

83%

40 %

40 Va

40%

223/„

40%

17%

,

.

223/4
108

'17%
82 *■'.

22

%

17%

107

*17

82

99

22%

107

♦107%

108%

10

45%

..

46%

2,000

*163/4

17%

200

•

17 3/8

82

41%

103%

17

82 .;

40%

103%

'

41,&

*82

103%

103%

35%

35%

34%

35%

34%

35%

34%

36%

5%

5%

53/a

5%

53/s

53/a

V

*15%
16%

17

16%

1%
53

104

*16
V

17

>17-K

17%

2
53

105

1033/a

1,700

■/

35%

36%

5,400

,

5

17

17
2

16%

16%

16

17

17%

17

17%

2

2

%

2

1%

7%

7%

7%

73/4

7%

*45

46

45

45%

46%

463/4

453/4

453/4

36

*35%

36

36

36

36

363/4

*36%

37%

*363/8

3%

3%

3%

33/4

_10
conu—

*35

3%

1

3%
47 %

:*46

26%

_1

No par

26%

*5%

5%

3%
*46

26%
5%

3%

47%
26%

5%

53

53%

73/b

33/4
*46

53%

3%

33/4

47%

26%

5%

27

*46

*46

47%

26%

.

5%

52 %

53%

5%

26%

/

123/8

12 3/a

*12%

12%

16%

*16%

163/4

16%

16%

5%

200

1,300

73A

4,800
500

"37

500

3%

4,200

47%

26%

76

*«7

5,900

46%

*46

'.'•'6

*67

-V

76

8,300

54%

7%

26%

g

76

16%

*67

*53%

47%

26 3/s

>

53%

•

3,800
4,900

1%

*45

73/4

,

5%
16 »'»-

54

7

20

40 %

47

7%

300

83%

17%

*16

2

17

'

39%
•102%

»

53/s

5

103

370

4,500

74%

108%

*107

2,700

28%

44

44%

91

175

28%

22

108 VI

*43%
17%

91

1743/4

29

*107

21%

44y2

*

91

174%

26%

8,800

5%

3,400

5%
*70

80

123/s

12%

1

900

163A

163/4

16%

16 3/4

400

16 %

163/4

16

16%

7,000

89

89

*86

*90%

92

92

89

89

*90%

400

Saturday

Monday

Mar. 26

Mar. 28

/•

.

S per share

S per share

12%

No par
100

80%

*79

No par

*6%
*25

25%

*99

1

7%
101

*6

33

6%
33

9%

No par

10

*79

6%
25

*100
*6

33

9%

12%
81

Tuesday

12%
*78

6%

6%

25%

26%

101

6%
33

9%

Wednesday

Mar. 29

*100
6

Thursday

Mar. 30

J per share

13%

13%

80

7

27

101

*100

27%
101

6

'

*6%

33%

33%

10%

10

79

79

20

7

1,200
3,000

*100%

10%

79

7%

26%

33%

10

13%

*7

6%

33%

ths Week

123/4

13%

*77%

7%

27

Bales for

Apr. 1
$ per share

13

13%
80

*78

6%

Friday /

Mar. 31
$ per share

$ per share

63/8
*33

v;-',.

27%
101

*100'A

.

6%

15,500

26%
101

*6

63A

300

33%

333/a

700

10

93A

9%

46,100

33%

97/a

7
25%

Shares

*88%

91

89

89

90

90

90

90

90

89%

89%

400

*76

763/4

76

76%

76

76%

763/4

77

76%

767/a

76%

76%

13%

13%

13%

13%

13%

137/a

13%

13%

13

13%

2,500
36,600

13%

No par
100

-169

5

American

No par

Safety Razor
Seating Co
Amer Ship Building Co
Am Smelt A Refg common
7%

American
6%

7%

preferred

American

6%

41

49

49

149%

*36%

37%

37%

38%

40%

169
■'

7%

169

7%
28%

287/b

40%

*40%

*169 3/4

7%

28%

50%

48%
149 3%

40%

49%

149 3/a

149%

38%

48%

*149%

39

39

38

*135

137

*135

38%

25%

25%

*23%

24%

24%

24%

24

24%

24%

243/a

24

243/,

Co

No par
No par

135

Tobacco..

10*

*9%
*35%

353A

35%

35%

*353/4

36%.

'121%

124%

121%

121%

*120%

124%

17 3%

*17%

17%

145%

146%

146%

5
100
25:

common

100

Works

135

100

...

Co

Woolen

135

9%

*17

17%

5

Inc

*17

9%

"

145%

67%

118

7%

common..No par

29

preferred

*9%

9 %

9%

*135

9%

137

*9%

9%

17%

17%

17 3A

17%

146%

146%

146%

146 3/4

67%

67%

140%

140%

140%

53%

53%

53%

117%

117%

8

29%

*117%
8

29%

118

67%

68

A

Anderson-Prichard

Oil

Feb

4

10% Jan

12

3% Jan

20

4% Jan

5

140%

650

53%

6,100

117%

117%

*117%

118

8

8%

8

30%

29 3/a.

88

*84%

87

*82%

87

83

76

*67

76

*68

73

70%

25
50

*54

Co

Inc

85

5%

313/a
31

*29%
'100

55

55

55

31

313/a

31%

31

30%

32%
31%

30%

29 %

30

99%

102

*29%
*99

102

52%

*51%

52%

20%

20%

20%

20%

*10

33A

55

30%

*51%

*29

55

31%

lo
20
5

53/4

313/4

30%

21%

No par

5%

11%
33A
30

*10

11

*3%

4%

29%

293/4

*52

20%
*10
*4

293;

5%
55

5%

55

55

85

75

5%

55

54%

32

32 3/a

31%

32

31%
29%

32%

31

31%

30%

30%

293/a

293/,

*28 3A

99%

100%

100 %

100%

52%
203/4

*52

■

203/4

10%

*10

4%

*4

29%

55

560

313/4
31

293A

17,700
'

1,280
1,500

51

51%

300

20'/a

203A

6,700

20%;'20%

4%

*10

100

2,400

52

52

*29%

200

53A

*101

21

4%

16,500

102

52%

2934

11

31%
*

5,300

29%

*68

70%

5%

5%

60

8

29

83

*68

Corp..:

Copper Mining

7%

'29%

*85

5%

68

,14,200
8,500

53%

76

5%

600

...

140%

88

Co

Archer-Daniels-Midland

67%

146%

54%

*70

Anchor Hock Glass Corp com__12.50
$4 preferred
No par

Anderson, Clayton

146

900

17%

140%

*85

Cable....No par

A

*17%

200

533/4

100

*5%

700

,

140%
'

No par
1

com

9%
36

67%

7%

*9%

900

127

53%

29%

24

36

139%

7%

40

3,600

*122

53%

293/s

1,300

;

25%

36%

67%

7%

170

38%
137

1231/4

139%

29%

5,300

36%

53 %

7%
29%

30

48%

*121%

67%

118

40%
150

36%

139%

118

10

2,700

124%

140

118

24

7,700

*36

145%

68

25%

30

7%
28%

*121

1453/4
67%
53%

172

7

28%

41

49%
1493/s

25"%

Tobacco

W Products

37

135

497/s

172

25%

$5 priorgonv preferred
Anaconda Copper Mining

P

37

41

148

v

7

28%

25%

$4 conv prior preference

Andes

49

148

*169

24%

Amer Zigc-Lead A Smelt

A

49%
148%

7

28%

25

Sumatra

Wire

*40%

48%

173

243/4

preferred

Anaconda

6%
28

25%

5 3'A

7%

41

*169

148%

135

'139%

Water

6%';
27%

*25

preferred

American

*40%

173

133

100

Am

6%
27%

100

American Viscose Corp common—14

5%

*169

*89

Foundries—No par

preferred

American Tel A Tel Co
American

7

>148%

25

com

13%
173
27%

*40'/a

No par
100

Snuff Co

non-cum

7

*26%

No par

preferred

7

For footnotes see
page 26.

6,800

3%

No par

55% Jan 27

30% Jan 28

7%

3%

29%

*43%

200

7%

33A

91%

83V2

102%

8%

174%

17 y4

102%

103

28%

40%

2,300

33A

90%

40%

31%

7%

174%

*82%

31%

3%

29%

22

8,400

313/4

8%

91%

108 y2

210

9%

3%

174%

*21 y2

63'A

8%
a

28%

91

90%

2,500

63%
x9%

No par

23% Jan

3

103

;

24

2,400

93/4

*45

preferred

8

Jan

'

104

31%

65
;

*52%
*7%

com

24

10

*103

8%
3%

100

50% Feb

27

104

73/4

3%

No par

18% Feb




9%

32%

23%

24%

*63%

10

174%

Co...

Jun

Apr

24

,.y

65

66,200
•<

LOW AND HIGH BALK PRICES

Jun

Jun

243/a

9%

7%

*107

1,200

9%

62%

'

36 '/a

6% May

-

*63%

10%

28%

common

60%
14

23%

63%

9%

3%

50

18 y8

34%

23

63%

9%

90

36%

9%

62%

623/4

63%

*103

36%

PLO

No par

46 y4 Mar

Dec

w

93/4.

62%

8%

7%

American

4

Mar 16

41% May
45% Jun

Nov

23

36%

36%

1

$6 preferred

91% Mar 11

17

S

■

2,200

$5

14

8% Mar 30

800

99%

No par

American Stove Co

6

36%

174%

American Sugar Refg common

119% Feb

Oct

Mar

*22

3%

No par

10

Jan

33A

99

'

3%

20

13

28

52% Jan

353/4

35%

8

_i

37 y4 Jan

7

Feb

4

35% I

63%

104%

10

Amer Rad A St San'y com
7% preferred

24

Feb

24

35%

7%

STOCK

Molasses

A

500

1,300

43

*37

99%

28%

preferred

Amer Power

8,900
,

,

I

3y8

10b

12% Jan

Jan

30%

Feb

.

'

31 Vb

*103

No par

American News Co

126% Jan' 17

Jan

25%

8

9%

31 y2

American Metal Co Ltd com.No par

4%%

200

90

*3%

43

99 %

174%

com

preferred

American

*87 %

33/8

*3%
*"38

101%

28%

com

Amer Machine A Metals

Stores

18

3%
43

99%

90%

...

com.

YORK

American

63

30

107

*35

65

*8%

100

24% Mar 29

83

5

3%
*38

100

174%

Co

Locomotive

Steel

145

70% Mar 31

3%
45

99%

28%

preferred

American

4

3

3%
: *37

96%

174%

Home Products..

7

3

117% Mar 25

Apr

56% July
104

3%
45

96

23

*63 y2

'

147% Mar

3%
*37

*89%

preferred

3.90%

Mar 16

Jan

*

41

*22 y4

No par

Amer Mach A Fdy Co com

10

Feb

24

Dec

7

7% Jan

Jan

16%

3

28% Mar 31

23% Feb

24%

Jan

Feb

142

Jun

131% July
20% May

3%

*3

Par

10

6% Jan
x34

Jun

Feb

30%

No par

EXCHANGE

47% Feb

Apr

35% May

Dec

30%

25

preferred

NEW

7% Mar 14

35%

10%

30%

1

$ per share

Nov

34%

% 30%

90

25 y4

116% Mar

30%

90

7%

5

Mar 31

6% Mar
23% Jan

May

140

30%

1

..100
Inc—1

Co

American Hide A Leather

Mar 24

31

30%

88
;

—100

.

Mar 29

125

30%

16

77

68

30%

16%

90

46

30%

90

10

163%

30%

16%

11

Feb

813/4

5,200

28%

81%

16%

12% Mar

Sep

28%

81%

15%

70% Feb

Mar

28%

81%

*16%

83% Feb

Oct

38

28%

81%

15%

16% May
Jan

46%

28%

81%

16%

95% May
86% May

139

28%

81

15%

Feb

12%

28%

81

*16%

Nov

28

88

27%

80%

American

10% Mar 29

176

89%

27%

18% Jan 20

25

Dec

89%

27%

80%

*30

No par

$7 2nd preferred A

20

300

2,500

;■

*87%

•

36

preferred series A_100

non-cum

17%

27% : 27%
26%
263/4

90

1,800

27 V2

12%

7% Feb

Feb

*87%

176%

27

*87%

1,000

*16%

27%

26%

12%

Jun

6%

27%

No par
100

$6 preferred
American Hawaiian SS Co

6%

20

7%

1753/4

163/4

:

27%

12%

8

4

163/4

28

27%

*12%

79% Feb

4

17

27%

12%

Jan

176%

*16%

*12

102

176 3/<

100

7%

27%

American International Corp_No par
American Investment Co of 111
1

7

g

5,300

93

93

95

81 y2

*34%

Distilling Co.;

conv

24

104

27y2

Export Lines Inc
40c
Amer & Foreign Power com—No par
$7 preferred
No par

6%

69

23%

27%

17y4 Jan 24

8

16%

Co

Crystal Sugar

conv

*68 %

26%

17

2,600

♦102%

27%

.

76

13% Jan

3

32

*16%
•'

19,400

24%

g

1771 V

176

*67

Feb

162% Nov

89%

177

76

3
15

175

'

a

'/:;8

8

*66

11

5% Jan

Dec

6%

Jan'

96% Jan

Jan

35

com..

Cyanamid Co

Highest

23% Mar 11

July

Feb

174%

7%

—100

$ per share

12%

24

*87%

American

Range Since Jan. 1

$ per share

7%

200

2%

44%

*80 %

.

96%

American Encaustic Tiling
American European Secur

75% Jan 24

Lowest

Highest

72%
6

,7%

STOCKS

Year 1948

$ per share

174

45

prior preferred

Range for Previous
Lowest

!

*37

Cable—

&

Colortype

American

27
7

7%

175

175

*95

;

preferred

American Ice Co

Jan

Dec

Chain

non-cum

American

92

Feb

5%

Jan

Dec

16%

Co

Broadcasting

Mar 29

79

8'

50

common

preferred

conv

American

8% Mar 17

Mar 21

Jan

10

57% Jan 31
51

3

3% Jan

Mar 12

36% Mar 31

3

77%

95%

*7%

7%
preferred
American Car A Fdry com
7%
preferred

15

Feb

105

3

Dec
Nov

8 % May

4%

4%%

19

Dec

Shoe

American

28

47

Corp

American

15% Feb

5%

*91%

50

Bosch

Mar 11

4% Feb

Jan

95

preferred

Mar 11

,7% May
19% Oct

53

6%

17% Mar 21

Jan

26% May

*91%

95

American Bank Note common.'—10

42

5

Jun

*91%

63

87

3

Feb

11

108% Feb

3

46

95

67

2%

1023/4

24

10

11

Jan

20%

*91%

9%

18

29 % Jan

Jan

95

62%

American

493A May

7%

*91 y2

9%

18

107% Jun

Dec

102 3/4

24%

1,800

44%

69

104

6,300

*65%

23/4
45

*67

23%
*102%

62%

17

Feb

3%

Jan

69

*68

24%

103-%

9%

American Chicle

Feb

35

7

69

23%

*102%

62%
223/4

46 y4 Mar 31

25

43 % May

20

82

1

94%

Dec

Jan

*67

23%

9%

104

33 % Jan

69

170

33/4

14% v 15%

67

2%

44%

104

61%

14

91% Jan 17

*67

69

23/4
46

45

9%

Amer Brake

8

20% Feb

106% Mar 15

*67

2%

2%

61%

10

177

65%

44%

9%

Jan

8

14%

35%

43%

61%

35

15

6%

43%

9y2

American

2

Jan

37

2%

65
2%

65%

2%

43%

61V2

3

Mar

183A Mar

99

y2 Mar 31

65%

2%
43%

1

lO'/s Mar 29

70% Mar 26

42

*65%

65%

*2%

preferred-—100

Jan

Jan

Sep

653/4

65%

*65

43%

Amer Cable A Radio Corp
American Can Co common

100%

Dec

15%

23%

common

conv

American

Nov

1%

15%

Chemical_No par

Airlines

cum

7

74

13%

15%

213/4
100

3%

*

3

27

14% Mar

15%

No par

11

172% Mar 17

May

15%

com—1

Jan

Jun

38

14%

*102%

Co

3% Jan

49%

104%

-14%

24

Corp

10% Jan

Oct

Jun

*14%

No par

3

Nov

92% May

14%

.No par

24

28 %

177

14%

gtd__100

Jan

3

76%
163%

.

3%

104

preferred

Petroleum

Agricultural

100

3%

1

Leather

20%

213/8
103

3%

Mfg common.No par
preferred—
..100

convertible

3%%

30% Mar 23

6% Jun

Amalgamated

21%
*100

3%

16%

Amerada

21%
100

98

3 Ve

26%'

conv

103

*23%

Alpha Portland Cement
6%

20%
*98

27

American

66% Feb

21 %

103

16%

Amer

8% Mar 25

——

20 %

*98

26%

Mar 30

3

'

21

21'/4
103

27

Mar 30

19

May
■

21%

9,700
11,600

17

10

62 % Jan

—

2,500

17'A

27

63

20% Jan

—

283/4

17%

27%

40% Jan 25

70
f

28%

173/4

*26%

3

Jan

29% July

.

Feb

6

283/4

17%

*26%

4

63A Jan

51

3y2Jan

28%

18 3/8

*16%

3%%

31

89% Feb

Nov

31%

Mar 21

283/4

17%

No par

Allls-Chalmers

1

28 %

17%

Corp common__No par
preferred
100

4%

20

May

Oct

58%

31

3

26% Jan

Jan

28% Mar 30
81% Apr

?8

17%

3%

Allied Stores

90

300

28

16%

3%

5

4,200

27%

*102y2

Allied Mills Co Inc

6

6% May

Feb /
Dec v

6%

2

121

Nov

47

1

Feb

50

44

833A
34%

18% Feb
28

28% Jan

1,900

18%
42

16%

par

Allied Chemical A Dye
Allied Kid Co

4,100

47%

18%
♦41

3%

Allen Industries Inc.

23/4

46%

18%
42

No par

10

25%

473/4

18%
*41

.

2,900

74

2 3/4

27%

100

8% Jan

188% Jan 24

473/4

19%
41

3 %

100

7% Mar 15
Mar 28

18%
41

Shares

77%

77%

2%

far

the Week

share

*66

74

2 3/4

48%

48

42

—1

Allegheny A West Ry 6%

174

18%

*66

3%

—5

preferred

conv

48%

18%

*40%

77%

77%

74

$ per

28

*98

$2.50 prior conv preferred-No par
$4.50

48

18%
42

77%

2%

.

3y8

Allegheny Ludlum Steel Corp_No

Mar 12

48

77%
*66

3 Vs

10

4%% preferred
Allegheny Cojrp common
5%%
preferred A

Mar

18%
*40

77%
74

2%

Bale*

Apr. 1

$ per share

17

2iy4

100

common.

11

16%

Mar

Inc

Ry

Mining

47%

42

*67

2%

Friday

Mar. 31

$ per share

16%

.

No par

Gold

17

25

81

Inc

Vlcksburg

93% Feb

92% Feb

May

21%

A

Aid ens

27% Jan
104

Reduction

Alabama

48

77%

74

Thursday

Mar. 30

$ per share

77%

PRICES

Wednesday

Mar. 29

*27 V2

1

:

3

47% Feb

Dec

Air

Corp

2%

18 %

18'/a
*40

Addressograph-Multigraph Corp__lo
Admiral

77%
*66

2%

*47%

1

No par

77 y2
74

2%

10

Corp

Juneau

2% Jan

25

*66

2.50

Tuesday

$ per share

share

77 V2

No par

Co

Express Co

Adams-Millis

Alaska

Mar

17
25

Dec

90

70

Jan

2% Feb

65

Motors

11

15 % Mar

40% Feb

Oct

23%

75

Mar 30

3% Jan

15

65%
100

Mar 30

100

3

4% May

.

Feb

t

30

Jan

97 % Mar

May
4% May
21% May
80% Jun

Nov

41

14% Feb

108

Nov

2%

5

27"% Mar 28

41% July
Dec

22%

Dec

99

Jun
Jan

Mar. 28

t per

No par

A Straus

Steel Co

44% Jan

14%

.

Laboratories

ACF-Brill

35

55%

Monday

Mar. 26

Par

Abraham

2% Feb 23

Jan

Saturday

$ per share

May

6%

Dec

LOW AND HIGH BALE

STOCK

YORK

EXCHANGE

Highest

I per share

$ per share

Oct

76

NEW

Range Since Jan. 1
Lowest

Highest

$ per share

FOR EVERY USTED ISSUE

,

Ti-10 VA
4%

•

*10
*4

29%

103

50

11

4%

200

29%

900

16

COMMERCIAL

THE

(1456)

STOCKS

Range for Previous

$ per

$ per share

Nov

32%

Oct

23V2 Feb

89

Dec

101 %

Jun

90

6%

15% May

Dec

<38%

Dec

>k%

106

Feb

56%

991/4

-1151/2 July
18%

Dec

13%
11V4

21

99% Feb

4
3

Arnold

1

15% Jan
131/2 Jan

$6 conv prior preferred

5

10% Mar 16

11

13% Mar
11% Feb

28

98% Jan

17

87%

Dec

106

July

87% Apr

1

26

Jan

35

Jun

30% Feb

14

98% Jan

98%

97%
*107%

1081/4

Corp

5

*14%

15y8

14%

14%

15%

15 '/a

No par

*10

11

*93/4

10 y2

ioy2

common—1
—_—100
100

12%

i2ya

12

12%

12 %

*100%

101%

—10

32%

2nd

9

Atch

120%

Sep

87% Feb

24

105% Jan

7

1071/b

Jun

98V2 Feb

26

1031/4 Jan

24

Jan

7

A

Jan

7

Atlantic

12

Feb

24

36

Feb

25

47

Atl

Mar 18

67

25%

Jan

64%

Dec

53

Feb

7

66

Sep

81

Dec

77

Feb

14

94

Mar 18

24

39

Jan

July

50 i/a

Feb

30

331/4 Feb

114

May

106% Feb

14

109 % Feb

4

Feb

99

Jun

94% Jan

6

98V4 Jan

17

99

1
3

Atlas

106

Jan

Mar 28

Oct

Jan

100

Feb

7

Jan

xl9% Feb

11

20% Jan

25

6 '/4 Apr

24%

4%

Dec

9 % Msfy

4% Feb

12%

Nov

16% May

131/8 Feb

11

15

6%

Dec

19

Feb

25

8

6

Jan

Nov

4%

19%

Jan

11% Jan

Feb

Xll

71/2

Oct

7

4%

conv

4

Atlas

Tack

Austin

5

44% Jan

10

$2.25

Babbitt

Feb

16%

Jun

.13% Jan

3

14% Jan

15

ny8

Dec

177/4

Jun

10 i/a Feb

24

12% Jan

7

Baldwin

7

89

90

33%

33

33

92%

93%

Baltimore

6,300

37%

38'/4

65

60

bo '/4

87

*85

863/4

86%

87

353/8

357/8

35%

36%

•

92

14

37%

2,000

37%

*13%

5,200

*63

65

*63

87

*35 %

89

36

36%

400

65

87

36%

108

900

102

102

88

36

109

94

102%

370

108

107%

xl08

109

300

357/B

35

11,500
200

108

97%

98

98

98

21%

21%

21%

50

50%

49

49

•

98

977/b

977/e

977/8

97%

280

21%

22%

22

22

22

231/4

23

233/4

Q13,100

49i/4

98

21%

49'/2

49%

50%

49%

50%

49%

49%

1,700

977/8

'

*103

104i%

104%

*19%

20%

*19%

20%

*19%

514

104

*103

92 7/a

38%.

*63%

103

1,800

37%

35

103

34

38

88%

-

88%

14

65 %

100

87%

33 %

13 '/a

*85

No par

89

93

*63%

107%

e*

70

34%

102

371,4

107%

99

34%

14

36%

*1071/2

4,300\/

89

95

36%

109

12%

34%

10?

36%

*107%

300

1,900

90

100%

14

36%

65

v

11

89%

93%

lOl'/ar-tfft

65

'

"

100

*inq

No par

35

350

10%
12%
99

;

14%

101

13%

13%

common—

5%

5%

5%

5%

14%

14%

103

:/'•/

103,

•

*96%

40

104%

*103

105

'

*19%

No par

—

5%

*14%

No par

($1.20)

20%

*5

No par

common

203/8

*19%
5

5

.

*14

15

*6%

6%

*6 y8

*16%

16%

*161/4

16%

common—3

6%

61/4

No par

39'/a

39%

preferred

14%

20%

5%

6%

6

14%

*141/8

3,900
400

15

6V2
'

6%

6%

6%

6%

6 1/2

16%

*16%

16%

16'A

16 %

500

6%

28,500

41%

7UJ

6%

6%

6%

6 3/4

6%

6%

40 V*

39

*19%

20'/a

*16%

6%
17

,16%

6%

6%
39

14% '■

14i/a
6%

61/4

Amer—5

of

Co

(The)

*

14%

5c

conv

13%

90

33

13%

RR

370

14%

15

333/8

*

90

32%

93

1,400

*100%

101

101%

Canteen

39

12%

13%

Corp

Jun

12%

91%

preferred
Corp

Mfg

46

12%

101%

Avco

Jan

12%

13V4

Co

35%

12%

*100

45%
108

108

V

1,900

973/8

45 "2

11%

92%

Automatic

7

7% Jan

24
Mar 28

11%

101%

prior pfd

Conv

11%

92%

preferred

Nichols

Autocar

24

17% Mar 10

6 Vs Feb

Powder

1

Mar 24
Jan

11'%

101%

—100
25
preferred series A—100
$3.75 series B
__100
5

conv

Jan

49

11

Lines common—1

I SS

Preferred

58

Jan

Apr

114

Sep

20

W

23% Apr

4

20

64%

?

*143/4

91%

*90

Refining common

Atlas Corp

25 i/b May

Nov

•

15%

*12%

Line

non-cum

4%

Feb

91

48% Aug

Coast

&

G

100%

100 y4

*14%

160

18,200

72

*96%

/'v:

97

108%

20,600

7%

70%

*107%

.—100

Inc

5%

,'V

Shares

26%

46%

963/4

the Week

93

.

7%

72

46%

46%

25%
93

7%

108%

:—10

preferred

non-cum

F

Atlantic

7

102

xl9%

T

Co

Investment

Topeka & Santa Fe com„100

Feb
Mar

Jun

preferred

Associates

96

July

Goods

Dry

'

V

71%

97

96%
108

-

share

93

1

7%

72

46%

97%

108 %

93

7%

for

Sales

Apr. 1
$ per

26 7/8

26%

93

*93

7%

,46%

98%
*107%

1st preferred

5%

46%

987/a
10734

Carpet Co Inc

84

15

46

46

•

72

107%

7%

27

35% Mar

,

45%

'•••••■

72

*98%

6%

21

4534

72

27

26%

par

Associated

Jan

103

par

72

*71%

72

*71%

par

7V'a

7

par

Constable

Artloom

7

13% Jan

May

19%

73/8

491/2 Jan

Jun

62

93%

7%

IIOV2 Jan

1

May

Dec

27

92%

24

19

Dec

26%

93

Feb

96% Mar 30

111

131/4

257/a

9 2 7/a

7%

No
Armstrong Cork Co. com—No
$3.75 preferred
.—No
$4 preferred conv
No

Dec

44%

25%

93%

7

Illinois

of

10

98

12% Mar

257/a

com——5

Co

25%

Mar. 31

$ per share

$ per share

•

Friday

Thursday

Mar. 30

$ per share

*93

77% Jan

44

Wednesday

.

Mar. 29

7

10

25

IO7V2 Mar

Tuesday

Mar. 28

100

25

17% Aug

Dec

&

share

Monday

$ per share

com

Corp

conv

Armour

8

■

Monday, April 4, 1949

preferred

Steel

4%%

6% Feb

Jun

103

3

70% Feb

Jun

Jan
Nov

0

Armco

26

Feb

95

4

Mar. 26

$ per

Par

share

27% Jan

24

Jan

Saturday

|

7% Jan

.

Jan

88

$ per

chare

23%

CHRONICLE

-

STOCK

YORK

EXCHANGE

Highest

Lowest

'

Highest

$ per share

NEW

Range Since Jan. 1

Year 15)48

Lowest

FINANCIAL

&

40%

40%

40%

*401/3

41%

61/2

'

*40

1,000

B

167/8 July

8% Feb

24

11% Jan

15%

Feb

29 y2 July

161/4 Feb

24

22% Jan

7

4%

13%

Feb

31%

Jun

20

Feb

24

25

Jan

7

Feb

80 % May

65

Mar 18

70

Feb

3

Conv

Nov

59

40

Mar 22

47% Jan

3

Mar

10

40%

May

Dec

287/a

Jun

'171/4

Nov

45

Jun

,37

Jan

31

Feb

45%

Dec

;

Barker

14

4%%

Jan

10

Barnsdall

157/B

Dec

23 y2

.15% Mar 23

17% Jan

Bath

30%

Dec

43% May

32

Jan

4

90

87% Feb

25

Sep

80%

100

Dec

34%

Feb

Feb

Beck

7

10% Jan

21

Beech

,28% Mar 25

32% Feb

4

Beech

Creek

8 % Feb

20% May

Apr

Jan

•34

75

-

Feb

Feb

1

NOV

19% Mar

10% Feb

14

13% Jan

12

241%

141/4 Jan

28

17

Feb

18

Bell

901%

103%

Dec
Feb

26

Jun

31% Feb

11

&

Howell

4% %

Mar 21

98

8

Jun

38%

t92% Jan

30% Feb

24

33% Jan

7

Bethlehem

Feb

2

1%
preferred
Bigelow-Sanford

14%

Nov

9

91/4 Feb

Jan

28

:

,

Loan

NEW

$ per

361/4 July

261/4 Feb

15

30% Jan

19% May

121/4 Feb

24

Black

14% Mar 30

12

Blaw-Knox

12% Mar 18

Bliss

(E W)

11% Feb 26

13% Jan

8

Bliss

&

38

Feb

7

40% Jan

7

20

Feb

8% Feb

Sep

Nov

29%

Dec
Dec

96

Jan

Dec

51

Jan

Apr

25

7

25% Mar 30

3

27

Jan

18

Bohn

Feb

16

64

Jan

12

Bon

321/2 Jan

5

56

23% Feb

4

18% Mar 30

7

■41% Jan 26

Dec

27% May

16% Jan

Nov

44%

38% Mar

4 2 »/2

Feb

66% July

46

Feb

25

54

Jan

7

87%

Nov

96

94

Mar 30

96

Mar

5

Jun

May

6% Jan

3

Feb

25% Jan

5

71/4 Jan

11% May

3

8% Mar 30
47% Jan

10

8% Mar 30

Mar 23

32

Jan

7

24% Mar 22

29

Jan

10

27

Jun

34% May

25%

Nov

37%

Jun

29% Feb

5

33

Jan

6

92%

Oct

101%

Apr

98

Jan

14

103

Feb

16

15% Mar

23%

Sep

18% Jan

3

271/4 Mar 30,

Jan

3

10% Jan 21

9

12% July

27

Feb

33% Aug

291/4 Mar 14

90%

Feb

99

95

15

1>.ot

7%

24% May
124% July

Dec

11% May

98

Apr

1

21

Feb

1

124

120

x8i/8 Feb 11

16%

Mar 19:
9% Mar 30

69% Jan 31

Shoe

Brown

Co

Budd

$5

(The)

Co

17

25

34

Jan

13

Buffalo Forge

6
15

91

Feb

17

Buff

15

Mar 29

Bullard

23

36

Jan

Bulova

12% Feb
31 % Feb

Jun

24% Jun

14Ya Mar 10

Jun

81% Mar 28
2

Dec

100

Jun

74

Mar

Apr

88

Jan

77

Feb

12%

Feb

17%

Jun

13 7/a Feb

8

71%

Nov

10% July

7y8 Feb

26

Mar

8%
73

Dec
Dec

2% Mar
16

Mar

114

Dec

109

105

Jan

Feb

35%

27% Mar

40%

52

54%

Jun

3

Dec

Nov

37%

Dec

77% Jan 25
Feb

10

16% Jan

7

77

8% Jan 26

8%

3%%

29%

*28%

37

*36 >/8

*14

14%

12%

*12%

161/4

*15%

*15%

.

28%

Burroughs

Butler

Feb

2

Bros

16

100

%

3*

7%

44

May

37% Jan

3

xl9% May

12 7/a Feb

4

39% Jan
18

18

Mar 23

16% Jan

8

11% Mar

4

14% Jan

7

Mar

47%

40% J an

5

45

Jan

24

Dec
ntf'ere 2P




34%

8,000

7%

7%

7%

7:,4

6,300

23%

1,100

•/;:

233%

233/8

Z 23 %

23%

76I/2

*73%

76%;

*73%

75

96%

96'%

*96

98

*93

98

200

251/4

25i/2

*25

25%

25

25

1,200

281/2

28%

28 %

27%

27%

1,800

34,200

24%

25%

29

24%.
(•28%

29%

x

28%

31%

32 %

31%

31%

1331/4

132%

132%

400

29 %

29%

29%

1,300

11

11%

111/8

111/4

11%

11 'A

11%

-11 %

11%

11 %

11%

900

11

Saturday
:

share

2.50

131/4

13%

13%

13%

11%

11 %

11%

11VW

11%

*liy2

12

38

*35

38

23%

23%

23%

251/4
57%

24%

*57%

58

26%

*26

12

"7.

6,700

11%

12,000

12 %

*11%

121/a

38

*35

38

121/a

24%

25%

24%

25 %

24%

25%,

25%

25%

25%

26

26%

25%

26

57'/8

57%

57%

*57

5734

57%

57%

26%

26

17%

*26

26%

17%

:

261,4

26%

27

18%

18

18 %

17%

18

17%

18%

39%

39%

39%

39%

46%

•47%

46%

*48%

39%
471/4

39%

47

*92%

94%

*92%

94%

94

94

*92 %

94%

*1%

2

34'/,

*33
8

8%

37

37%

8% t:

27%

27'/a

•

8%

25

*24%

*33%

,34%

8%

8VB

8%

41

40

*37"
8%
27

2

2

2

*33

j!

*24%

8%

81/4

43

8%

3,900

46%

46%

8,000

94%

*92%

94%

100

1%

1%

1,100

34%

3434

300

*34%

8%

6%

43

*40

8%

28%

28 '/a

25%

32%

8%

28%

25%

32%

101%

26%

26%

26%

26%

9%

9%

9%

9%

9%

39%,

%

2

25

101%

26

39%

47

2

34%

33

27%

.

.

40

"46%
*92%

32'A

31%

*100

30y4

*29%

301/4

*301/4

30%

*97%

99

*97%

99

*97%

99

No par

*19i/8

19%

19%

5

16%
*122%

16 %
124

*122%

•28%
25%

32%

•

*99

v

101%

101%

27

101%

27%

26%

9%

—100'
No par

common

30

9%\

9%

Corp

•

30%

29%

Bldg 7%

preferrec|~100
15

common—

16%

17

16%

1221/4

124

122%

91%

9%

9%

66%

66%

66%

28%

30

30

91%

*90

9%
67

100
5

-

Hecla

Cons Copper

Can

Dry

$4.25
Canada

Ginger Ale com
preferred
Southern Ry Co
conv

Canadian

Breweries

Canadian

Pacific

Cannon

Mills

Ry

Ltd_,

—100
_Nopar

4,200
40

26%

11,500

9%

9%

3,300

661/4

66 3/8

29%
91%

161% / 16%

*122%

/vV-

67%

190

*28%

29%

*28%

29%

200

90%

90%

*89%

91%

100

14%

14%

1,400

*33'/4

33%

500

145/a

14%

14%

33%

33%

33%

33%

*80'%

74%

74%

*72%
*73
.
14%

.74%
78
14%

*73

*7y8

.7%

*110i/4

IIIV2

7%

7%

15%

15

81%

14%

7%
110

7%
78

78

147/g
7%
110

7%
78

*73
15

7%
110%

7%
76

25

12%
*42%

1

1%
4%
21%
12%

111

15%

151/s

15%

*81%

74%

74

78

*73

75

15%

7%
112

8%
76

15%

74

75

*73

75

*73

15%

15%

1%

43/8
29

1%

4y«

4%

221/4

22%
102

25%

15%

7%

8

7%

7%

112

111%
7%

8%

4%

.22%

*1013/4
26

8%

74

76

4%

4%

22%

23

*102

102%
26

30

;

■fc

2,200

111

20

8

8

3,700

75

75

220

4%

4%

23%

23%
7

*102

26

26%

*26

'

4%
23%,
26%

100

1,300

34%

34%

34%

333/4

33%

*33%

34%

56%

*55%

56%

*55%

56%

*55%

56%

210

1%

-.1%

1%

1%

1%

1%

1%

1%

6,500

4%

4,300

34

4%

43/4

4%

47/e

4%

21%

22

22

22%

22%

22%

22%

22

22

12 y4

12%

12%

123/a

12 3/4

12%

12%

12%

12%

109 y8

3,800

*55%

4%

108

5,500
•

•

103

21%
'12

11,000

8

7%

*110%

75

103

200

15%

15%

111%

76

14,200

82

*73

*110i/4
8%

15%

*81%

"

'

•

4%
*21%

15%

82

*73% ",74

82

*71%

•

15%

82

15%

82

30

66 %

15

15

10,500

V':

66%

33%

81%

124

23,400

14%

15
83

600

9%

331/4

29%
*90

10

.

20'%

9%

9%;

14%

91%

98

98
*19 3/4

16%

9%'

500

293/8

*29%

/

123

9%

5,500

-

261/2

20%

33%

*90

*73

'

1,800

32%
101%

29%
100 *

13%

No par

j.

122%

26

*100%

.

*32%

4%
*21 '/4
12 Va
-*109y«
*38
*17%

1.66%

16%

17

122%

28

32

9%

33%

5

No par

*19%

'28

-

14%

l'/2

No par

*98

20%

3,600

26

28%

32%
101%

'*27%

1

Campbell W & C Fdy

99

'

8%

8%

26

28%
91 %
13%

*81

:

1

.

20

8,200
12,000

41%

*40

8%

27

83/8

8'/8

8%
42%

66 %

147/8

common
—

16%
124

*97%

.,

*13%

•..

S;

Inc

8%

20%

2
35

*32%

l'100

pfd

16%

20%

:7

■

66%

66%
*27%
*89%

No par
Co.„

9

87/8

19%

4,000

v;

39%

47%

24%

27'/4
25

31%

9%
*29%

8%

8%

31%

261/4

34%

41%
81/2

101%

31%
*101

2

2

34%

250

200

27

39%

-

14,500

3,200

26%

17%

47

700

'"J.-—

25%

391/4

15'

14%
ny«

14%

11%

571/8

—No par

common

14%

*35

*17%

(assented)_100

Inc

14%

38

18'/a

15*
100

29

12

*35

500

29

24%

24%

57%

12

38

Shares

29%

24

23%

*241%

11%
*35

the Week

Sper share

share

*23%

12

11%

Sales for

Apr. 1

11%

13 y8

11%

—5

_

Mar. 31
$ per

$ per share

29%
14%

26%

_

$ per share

Friday

Thursday

/

Mar. 30

28%

13 '/a

_

PRICES

Wednesday

28%

.11%

5;

SALE

*28%

*35

;

—No par

HIGH

28 y8

28'/a

*11%

■

.

Mar. 29

S per share

28%

*28

—No par

AND

Mar. 28

$ per

Par

32

32%

Tuesday

Monday

Mar. 26

Zinc-Lead
&

233«

29%

32

•31%
134

55

Calumet

109 y4 Mar 21

34%

*73%

337%

Callahan

5

•

34%

76%

54%

7

10

34%

97

337/8

22

1% Jan

3

7%

100

*97

-

900

16'A

16 'A

16%

23%

55

56% Jan

9% Jan

73%

12%

12%
100

*73%

34%

6

104% Jan

34%

16%
*97

v.

30

*96

*33%
*54%

26

Jun

233%

16%
98

01%

„■»%:*:
7%

California Packing common—No par
5%
preferred —
50

Feb
Jan

1% Mar 17

15% May

12%

16 '/a
98

7»/4

25%

54

6

'/a

ot

101%

30

10

800

16

*97

13

13

13%

16

25%

Sep

5% Jan

12%

13

12%

102%

Jun

22% Jan

1,000

102%

24

7

1,900

14%

*247%

25

26

36%

*14

*29%

133%

Byers

Jan

Feb

36

14%

Co (A M) common
No par;
7%
participating preferred—_100
Byron Jackson Co
*
No par

Butte

'26% Jan

4% Feb

36%

14%

*78
78%
4%
4'%
*21
22
102 Vs 102'%
*24%
25%

104

18

70

36'/4

14%

29%

5

preferred
Copper & Zinc

14

36% Jan 26

30%

37

141/4

■32%

No par

4%%

25

May

29%

37

133'/«

Adding Machine—No par

Term

*29i/2

29 %

14%

29%

_

Mills

7,400

133%

1

Co

9%

29%

A

RR

30

.-.9%

9%

9

.

72%

36%

*14

100

*97

100

*97

91/8

40

72%

74

29 %

36%

14V4

*12%

*72%

500

36%

29

*36

14%

9

9%

74

1,200

132%

Bvass_

&

Bush Terminal

7

4 % Mar 30
247/8 Jan 27

9

14%

*72%

14%

*28%

*28%

:

1
—100
conv
2nd preferred
100
preferred
100

3%%

9% Jan

7

119

footnote

74

14%

2934

preferred

Bush

19% May

For

4%

4

Mar

14% Mar

*721%

No par

Burlington

Feb

121

26

100% Feb

R % May

Nov

10

Feb

3

31% May

9

74

14

91%

132 %

Co

Watch

21% Feb

Dec

101 %

14%

14

1,700

*89%

90%
14'A

29%

Niag El Corp 3.60%

Jun

July

Dec

5

21%

7

Feb

92

82

'

1%

'18% Jan

19% Feb

Jan

4% May

981%

10

11

Mar 31

74

27 7/8 July

23%

Feb

10

7% Mar 25

15% Jun
89

*141%

90

29%

preferred

Feb

Feb

87% Jan

77

79

14

14

14

88%

3IV2

Bucyrus-Erie Co common
-7% preferred

27

43%

88 %

'

65

97

90%

*132%

preferred

$3.60

Jun

Feb

*88 %

*88%

90

3,500

37%

373/4-

29%

Brunswick-Balke-Collender

Jun

Dec

901/2

5
Bearing Co_
Braniff Airways Inc..
15 1
Brewing Corp of AmericaNo par
Bridgeport Brass Co
—No par ;
Briggs Manufacturing
Briggs & Stratton'——
2.50
Bristol-Myers Co common.
100
"3%% preferred
—No par"
Brooklyn Union Gas__
1
Brown & Bigelow
I

July

72%

38

17% Mar 14

Maine

90%

Mar

*88 %

Roller

75

21% May

291/4

*37'/4

31%

Inc

40

12%

81

37%

*37

133%

(The)—

Dec

781/4 Aug

Dec

37%

6,600

13

15%

31%

Co—

_

Mar

65

30%

10

10

G

16

14% Feb
8
Feb 16

23% NOV

Sep

120

31% Jan

Jan

18% Feb

Aug

&

Bower

71

Feb

373/4

LOW

preferred

Boston

I01/4 May

17%

37%

STOCK

class
_

Co

3.%%

17

Dec

Co

Stores

13

Nov

Dec

37

47

15%
37%

*29%

Co

B

BOrden

2 % Jan

6%

8%

37i/8

8%

Borg-Warner Corp common

35% Feb

42

36%

Class

9

11/2 Mar

Jun

Dec

Dec

37%

131/8

Airplane

32% Jan 27

5% May

32 Vs

Nov

15 %

1

Aluminum

Ami

Bond

5

16%
37%

7V4

15%

41

13

'

*132%

Laughlin Inc—
Brothers

Boeing

231/4 Jan

37% May

57%

25

15%

41

100

Bloomingdale

x27% Mar

15%

Co

44% julv

26

15%

.

No par
No par

& Decker Mfg Co

14%

-

15%

41

corn—No par

Carpet

YORK

171/2 May

1% Aug

15%

9

__x_

share

Dec

22%

,

151/4

EXCHANGE

Highest

$ per share

$ per share

19%

.

15%

1

(Del)

Steel

Dec

30%

*15%

—.-1

Dec

9%

127%

*8%

i.

Foods

32% Mar

13

12%

STOCKS

Lowest

Highest

Feb

Xl3

13%

*72%

com

•

261/4

13

—100

& Co

Range Since Jan. 1

Year 1948

$ per share

13%

Cum

Range (or Previous
Lowest

13

k

Birmingham Electric Co

11% Mar 11

25

12%

28V'2

Best

26% Jan

12%

241/4

Best

371/4 May

121/a

28%

7

J 7

Dec

*12%

453/4

46%

24%

26% Jan
30% Jan

26%

44%

*24

11

31% Mar 21

44%

96i/2

25

136%

43-%

100

67'/4

*66

+ 40%

*40i'4

44

23%

26% Feb

18%
*40'A

41

43%

•76%

23% Feb

18%

*40%

43%

*397/8

96%

Indus

*66

43

14

41

67%

431/4

41

23'/4

37% May

Mar 15

*66

9%

%

43

*731/2

391/2 May

132

*39%

76%

21

Feb

Oct

181/4

98

Jan

Feb.

39%

18%

'

23%

97

25

139% July

18

18

*96

5

231/2

Feb

18

50

Appliances

102% July

Mar

17%

*73%

Home

Dec

30%

1,200

17%

*23%

Beneficial

3A

125

18%

18%

41%

10

5

15'

Jan

400

18

41

33Vac

Bendix

Jan
Feb

871/2 Mar

■'93

41%

41

pfd $3.25 ser of 194j6..No par
.Cum pfd $4 div ser of 1948_No par

7

24

26% July

86

if 40%

40

7%

78

Jan

41'%

*39

71/4

4

11

41 %

40

7%

21% Feb 24

7% Mar 28

1,100

41'%

40

33%

21%

73% Jan

8,900

207%

34 %

Dec

j

19%

20%

67%

34%

Nov

,

19

21%

67

67'A

5

Dec

.

193/4

21%

67%

211%

*66%

—10
1
1>

preferred

68

Jan

19%

21%

18%

*207/b

67%

18

common—L—10

Co

21

9%

201/4

19%
22

18i/4

21%

*65

74

Bendix Aviation

34% Mar 30

19%
21%

1834

211/4

18%

*20%

*72%

:

:

Co

Belding-Heminway
Bell Aircraft Corp

Dec

16

18,100

1

RR—,

Packing

14%

4

13,400

9%

ulOO

pfd

Corp

141/a

14% Mar

12%

2.50

4%%

(A Si

10%

Jan

800

12

10

25

common..:

Mills, Inc

Shoe

Beech-Nut

Mar 30

37

17

14%

123/a

9%

No par y

Co

Aircraft

5

14%

12'/8

101/8

1

1

pfd

conv

Beaunit

37% July

\

3%%

Corp

Inc

Foods

3

,,

321/4

Cigars

8

Mar

14% '•

12%

10

100

Works

Iron

Beatrice

24

14%

12%

97/8

—5

Co

Feb

Mar 26

69

Jan

30

Oil

20% Jan

14

223/4 May

16% Mar
69

Jan

Jan

91

14% '

121/4

9%

10

common

preferred

Bayuk

37% Mar 29

Jan

20

14%

113/4

9%

*14

50

Brothers

7

Feb

13% Mar 30

15

9% Feb

16 y2 Mar

Nov

9

14%

11 %

9%

preferred
100
common—50
100
Corp (Delaware)
10

Oil

Barber

'

14%

11%

9%

preferred

5%

49

4

14%

11%

9%

Aroostook

&

40

11

39% Mar

14

11%

1

common

non-cum

21% Jan

Mar 23

36%

x20

14

13

..

Works

Ohio

&

100

Inc

T)

Locomotive

Bangor

60

(B

4%

*108

4%

111

43 4

*108

111

*108

111

*108

.<

111

500

700

8,700
100

39%

*38

39

38%

38%

*38

40

*38

40

*39

39%

18%

*17%

18

18

18

*177/8

18%

*173/4

18%

*1734

18%

100

12%

12%

12%

12%

12%

13 5/8

127/g

12%

12%

12 %

12%

24,000

44

43

43%

44

44

44

44

44

43%

43%

700

*43 Vis

30

"

16i^\Number

Volume

4791

THE

COMMERCIAL

Range for Previous
Range Since Jan. 1

Highest

Lowest

$ per share

$ per share

11

Feb

18

48 %

Apr

3%

Sep

y 8% Mar

100 Vz

Feb

110%

26'A
30

Mar

15

4

'

Dec

32

Dec

5% Feb

b

Nov

26% Jan

Jan

Jan

Feb

1

'

108

Feb

Capital

29% Mar 29

17

Clinch

Carolina

Power

29% Mar 23

35 % Jan

29"

Dec

19% May

12% Jan

4

14% Feb

2

43'A

30% Mar

4

3 5'A

130

9

Dec

52%

Feb

x50

6

May
Jun

131

14

Jan

52% Feb

7

Feb

97

Feb

105

July

100 V2 Jan

Feb

140

May

125

123

25

Jun

Feb

6

7%

26% Jan

7
11

Dec

16

Feb

6%

Feb

11%

Sep

5%

Dec

12%

Jun

Dec

38% July
8% Mar

67A

Dec

100 %

Nov

Mar 16

9% Jan

3

3% Feb

9

Jun

104% Jan

83

May

81 % Jan

Jan

39%

21

6

Jan

10 %

7SA

Dec

15

Dec

11

Dec

28%

Nov

20

24%

Feb

175A

Feb

90

Feb

7%

56

27%

Corp

24*

27

20% Feb

10

24% Jan

4

87A Jan

7

28% Jan

'7

34% Jan

7

30

45%

Dec

4

19% Mar

1

Jan

31% Jan

3

Jan

79

Jan

7

Feb

July

4

Feb

14

5% Jan

7

11% Jan

Nov

6

14% May

Jan

7% Mar
Dec

33%

Dec

26

Dec

45%

7

15

i

29

Vz Feb

24

36% Jan

25

Jun

Feb

11

53

Jan

8

34% Jan

24

Oct

64% Mar 16

74

; Jan

Oct

12

12% Feb

4

Feb
Nov

19% May

14

44%

Oct

31

Feb

42

50%

28

Feb

Conv

7

60

Jan

7

15

Feb

19

•5% Jan

28

49

36

Jan

8

Chile

58

Chrysler

Nov

65% Jun

Jan

-3

-Jan

Feb

(29% Jun

27% Jan

11

29% Jan

101% May

97% Jan

4

103'A Feb

Childs

11

Nov

27

51

-

X20

May

Feb

11

Jan

48 % July

42 % Jan

3

Dec

33

25

3

29% Jan

7'A

Dec

Jun

10

Jan

88

Jun

79

Feb

43

Dec

36% Mar 21

Mar 22

Mar

85

105%

Jan

llT%

Jun

109

Feb

16

22%

Nov

34%

Apr

23

Feb

10

108%

Jun

105

105

Oct

69%

Nov

78% May
47'A May

Cleve Elec

3

Mar

4

112% Feb

3

105 Vz Feb

Mar 14

73

28

Feb

Cleve

17

39

Dec

12%

Dec

18% Mar

12% Jan

3

15% Jan

19

Climax

23%

Nov

35%

25% Jan
4'A Mar

3

30% Jan

20

Clinton

1

5% Jan

12

Clopay

4%
27 %

137

Dec

Dec
Feb

75%

Dec

10%

•39% Jan

Jan

Jan

36 7A May
147

43

13

24 Vz Mar 18

July

138% Jan

92'A May

75

Jan

26

30% Feb
140

12
28

$ per share
134 Vz

60 %

1332

Dec
Dec

July

31

$ per share
183

$ per share

Jan

63%

Jun

1332

July

3

60% Jan

6

63

5

1075

Jan

152

Jan

12

Feb

11

5

Dec

x87 %

45%

Jan

29% Feb 25

34% Mar 24

Sep

96

Apr

89

93 Vz Feb

Jan

15

Nov

Feb

25% May
26% May

xl3% Feb

16

12%

Feb

22% Oct

15% Jan

16

15

8

17

Mar 22

2

17% Jan

7

19% Feb

2

4

19

Jan

24

2

19% Jan

24

Jan

7

Feb

10

13% Jan

8

4%

non-cum

17 Vz July

iQii'Ta

Mar 18

11% Jan

10

4%

non-cum

2nd

32Vs May
31% May

18

Mar 21

24% Jan

10

23% Jan

10

20

Nov

10%

Feb

14 %

7%

Sep

17'A Mar

8 Vo Mar 22

17% Mar
10% Jan

Dec

Jun

78%

Jun

26

7% Feb

13% May

49

10

48% Mar

4

2

12

11% Mar
9 % Jan
53

8

21

Mar 29

28%

Dec

37%

Apr

29% Feb

26

32% Jan

13

35%

Feb

43%

Jun

35% Jan

3

41-% Feb

3

18Va

Feb

28% Jun

21% Feb 11

25% Mar 10

36%

Jan

53% July

46 Va Feb

25

52

Jan

12

Jan
Nov

Feb

90

Dec

25

104

95

July

29% May
3% Oct

16'A Feb

15

Mar 17

100% Jan

31

Jan

3

17% Jan
,7
!
3% Mar 16

Apr

106

89% Jan

3

100% Mar 18

3

Nov

29% May

25% Jan

3

27% Jan

7

8Vb

Dec

11

9% Jail

8

Dec

,11% May
36% July

7% Feb

27%
x24 %

Dec

4

Sep

21

Mar
Feb

11% Mar

32

May
6% May

25'A July
108 %

Dec

X28

Feb

25% Feb
3% Mar

25
11
9

21% Feb 25
5
106% Jan

xl8% Jun

12

Feb

10

8%

Dec

12%

Jun

8

Feb

23

37%

Dec

51

Jan

41

Feb

5

19

Dec

11%

Feb

23

10%

Dec

29%

Sep
15% May
15% July

8%

Dec

7%

Nov
Dec

35%

10% Jan

16% Mar

29 Va

98% July
100

33 Va
90

Sep
Dec
Oct

10% Mar

Jun

26% Mar 14
4% Jan

21

23% Mar 30

107% Feb

10

14'A Jan

8

9% Jan

13

12% Mar

8

52%

52%

*50

52%

100

31 Va

32%

31%

31%

31'A

31 Vz

9,600

65%

65%

65%

65%

65%

65 %

1,900

29%

30

64%

30%

5%

conv

Colorado & Southern

Columbia
Class

3%

3%

50

3%

50%

*32%

Columbia

Gas

8,500

23%

900

48%

47%

47%

47%

47%

4,100

29

29

29

*28%

29%

5

48

48%

28

28

28

7%

*81 Vz

5

V

20

28

*150

;

!_100

18

27%
*150

80

*77

37%

37%

No par

24%

* 106

gtd—50
:

111%

*23%

*70%

*106

.

110'A

23%

24-

108

72

*70%

*40%

42

*40%

40 %

40%

14%

14

14

28%

28 %

28%

28%

5%

*5%

5%

5%

5%

24 %

24V4

140

*138%

77

*74

14%

24%

Jan

7

97

Jan

13

3

15% Jan

21

85

Jan

5

91

31%

Jan

3

36% Mar 30

Oct

99

May
July

97'A Jan

Nov

13% May
64% Oct

56% Feb

8% Mar

26.

11

Va Mar 12

99% Mar 21

14%

14 %

15%

16

16

16%

16%

16%

20

*17%

17%

17%

17%

17 Va

9Vz

9%

9%

9%

100

*9%

100

*8'%

2.50

18 Vs

18 %

17%

17%

11 %

11V2

11 %

8%

8%

8%

10

10

$4.5.2
1%

preferred

__J

Continental
$3.75

Can

Inc

common

preferred —;

8

9% Jan

7

Continental

24

63% Jan

19

Continental

Diamond
Insurance

u—

Fibre

1

Thursday

$

'per share

Friday

Mar. 81

137%

137%

63

20

300

Apr. 1

137 %

63

*1050

*1050

34%

33%

33%

*91%

92%

92%

92%

15

14%

14%

17%

16%

17

17

16%

17%

17

17%

17%

17%

17%

9%

9%

10%

*

11%

33

14%

1,100

63

130

•

33%

4,700

*91'A

92%

14'A

14%

3,400

*16%

16%

2,200

100

17%

17

17%

15,200

17%

17%

17%

2,300

9%

10%

9%

9%

270

*10%
10%

11%

10%

1,080

10%

*9 Va

10%
10

18%

18%

19 Vb

19%

19'A

19%

18'A

18%

19%

19%

19.

19%

19%

19%

11%

11%

19%

11%

19%

11%

11%

11%

11%

11%

11%

9

18 7A

9%

53

52

52

52%

53

31V2

31%

31%

31%

31%

40

40

40

40

40

-

9

10

9%

*53%
31%
39%

for

Shares

137%

*62%

—

33%

Sales

the Week

$ per share

137%

*62%

'

9

55

9%

*53%
31%

31%
40%

55

9

9

*53'A

56

220

4,000
1,900
.

25,700
3,200
300

31%

31 Vb

31%

2,000

40

40

40%

40%

4,900

25 V2

25 %

25 V2

25

25 Va

25%

25%

25'A

25 VB

25

25'A

3,900

50 V2

507A

50%

51

51

50%

50%

IOOV2

50

*99%

49%

100

49

49 Vz

3,900

167A

16%

17

3%

3%

*98%
9CW.

*7%
*26

8%

•

*44%
*14%

.

*11

98%

26%

*7%

"

99

263A

267A

30"

99 Va

100

99

99%

17%

99%

17%

17%.

17%

17%

17%

17%

3%

3%

6,000

3%
98%

3%

3%

3%

3%

44,700

98%

26%

26%

.

99%

98%

26%

X26%

77A

8

30

*29%

7%
30 !4

:

*26

1

98%
26%

8

30

1

,3%-

8%

' 27

29%

*26%

267A

*26%

26%

*26%

3%

3%

3%

37A

3%

3%
23

.

30

8

30

8

3%

227A

9

23'A

23%

23%

106%

106%

106%

12%

12%

12%

127A

13

12%

*8%

9

*8%

*8Va

9

23

106%

8

2,400

12%
9

12%
9

1,000
200

44%

43

43%

15%

16%

15%

11'A

15%

11

*15%

11%
'V 7%

11%

11%

7%

7%

7%

2,700

11%

11%

IIVb

11%

64,600

8

10%

•

10%

'

i

11%

8

8

11

11%

11%

77A
11 %

'

11%
8%

11%!

33%

33%

33%

33 7A

105%

106%

105%

106

105'A

106%

108

108%

107%

107%

107'A

108

35

35V2

35%

35 %

35%

97

*96%

9r%

*96%

97%

34V2
97

34

*96%

•-

33%

33%

par

*13%

14

13V4

13%

13%

14

14

88%

14%

par

88%

89%

89%

89%

89%

89%

20

35%

89%

36

62%

5,300

16,800

43%

106%

62%

3%
23

107

15%

IO8V2

8%

3%

22%
106%

44%

106Vs

99%

9

-26%

29

15Vb

7%'

10%

*8'A

12%

1,300
1,200

*26%

14%

' *11

33%

*98

3%
23 Vb

107

2,600
21,600

8'A
29

44

*108%

>

26%

98%

26%

$

*14%

IIV4

97

8

500

44%

par

_100

98
26

8%
29%

100

43 %

15V4

34%

98%
26%
:

*

106%

1067A

*8%

45

10%

3%;

8

8

A 27, '

100

17 Vb

99

t

33%

>;

100

3%'

par

10

4,700
'

3%

1

5

76

167A

V

5

No par

*74 U

*99%

1

—

76

25%

10c

Baking Co com—No
$5.50 preferred
No

*74

50%

Corp of America com__20

Continental

24%

138%

17

*31

—15

No
preferred—
preferred——___•—No

24 7A

"138%

18%

12%

$4.50

25

140

18

22%

Container

5%

24%

9%

1067A

Co com—No par

1367A

14%

1,700
1,300

9%

22%

Vultee Aircraft

92%

5%

5%

4,500

*138%

140

10

14%
29

*28%

PRICES

*62%

»16'A

71%
42

14

10%

12V2

Inc

*5%

*70%
*40%
>

10'A

1067A

Stores

5%

25%

1,000

108

*8 Vz

22-/8

100

29%

$ per share

34

*106

10%

1067A

--

29 %

160

23%

9%

*8%

*12%

Consolidated Laundries Corp—

14%

75,400

111%

23%

71%

23,200

1

*111

42

14%

*1050

*51%
40

*70%
*40%

15

38%

18

24

108

80

38 %

18'A

9Vz

*8%

10

Consolidated Textile Co Inc

13% Jan

14%

15%
16%

Corp—1.33Va

Consolidated

95

14%

16%

—_

7

8

*91%

Consol Edison of N Y com—No par
$5 preferred
_Nb par

1

22

33%

92%

Consolidated

9%Jan

Mar

33%

92%

14%

3%s

35

37 Va Jan

32%

93

10

137 %
62

15%

5

11% Apr
108

62

5

*29$

pfd

136%
*1050

—

23%

Wednesday
(
Mar. 30

'/'

180

*77

111

>106.

76 Vi

SALE

$ per share

33%

*9

HIGH

Mar. 2!>

62

62
*1050

AND

*74

Tuesday
*

*135% 136%

—

*92%

—„No par
v——No par

3

108% Mar 25

62%

33%

preferred series
No par
Commonwealth Edison Go_——__25
Conde Nast Publishing Inc—No
par

Consumers Power

24%
*138%

$ per share

136%

*1050

$6

7

33

*135%

—,

8% Feb

Mar 10

25

V:75,V:;::

*150

71%

5%

140

75

Mar. &8

?.' *61%

*29

24%

77

300

900

42
■

20

18'A
27

29%

14%

*138%

140

Monday

$ per share

14%

800

1,500

85

*1,7%

38%
W

•,' %

24%

7%

*82

27

110$

108

*70%

28 Vz

5%
24 %

V

24

:■

80

38%

111

*106

71%

par

Cigar
Consolidated Coppermines-Corp.1

24

108

*106

*70%

Saturday

•

*110%

280

180

*77

?••

V

27%

*150

38%
IS

102

7%

48 Va

27

80

%

111

*17%

180

38

%

%

No par

Inc

*77

38 Va

85

27%

*150

80

37%

42 %

'

No par

27%

7%'

*82

8? %
18$'

*47%

180

7%

7%

82

18

*77

.

\7%

27%

:

14%

1

—

28%

7%

17%
27

38

111

23%
1

48

28

-

1
,

111

72

*40%

—50

No par
.

108

:

*150

}•]•

*110%
V

1

48%

82%

%

27%
80

37%

23%

28%

::

*82

180

102

24%

7%

82%

180

*78

;.

par

7%

*81%
*17%

.18

*27%

100

*7

82 Vz

*17%

102

48%

28

*7'A

100

com

43 %

*27%

;

preferred
100
Commercial Solvents—No par : ;
Commonw'lth & South com__No par

Retail

35

*23%

No par ;-

3,60%

Consolidated

-*32'A

24'A

48

No par

6%

35

230

*23%

common

RR of Cuba

5,700

51

*50

24%

Iha

Grocers

*32%

800

3%

3%
,

33,900

common—No par

Consolidated

35

51

14%

52%

preferred

Congoleum-Nairn Inc

*32%

3%

51

13

14%

101 Vz

$4.25 cum preferred w w_.._Nq par
Columbian Carbon Co
No par
Columbus & Southern Ohio Elec
10
Combustion Engineering

Superheater

35

3%

51

*12

15%

102 Vz

Sys Inc cl A

Commercial Credit

4%

51

13

14 Va

*101%

preferred

Pictures

*12
*

3%

52

*32%

13

14%

14%

102%

*23%

Ry com—100

System

*12

24%

B

Columbia

Vz

4 %:

51

35

2.50

Broad

31

101%

30% Jan

X7% Mar 24

7




52%

LOW

Consol

.3

For footnotes see page

*51

Mar. 26

7

14

Sep

1,900

52%

*51

23%

;

21 Vb Jan

Feb

92%

52

101%

Consolidated Natural Gas

Jan

40

4,600

*50

*23%

*101

10

100

5

Feb

99% May
17% July

34 %

29 %

101%

100

com__

46 % Mar

106%

Nov

8%

1

105

Va Jan

84Va Mar
92

Feb

106 Vz May

29 V8

48% Mar

3

30

106% Dec
42

34
29

24Va

Co

Corp

1st

Dec

34%
29%

101%

.,—

—

10

8,100

33%
29%

28%

Corp com_..No
preferred—-

Oct

13%

35
29 Vz

52 Vb

Iron

Jun

137A

33%
29

28%

—No par
No par

22%

14

33%
28%

28%

(The) common.No par

18% July

9,900

53%

—.

&

13%

18,400

52%

7%

Mills Inc

14%

1,800

6%

'28%

preferred
Collins & Aikman-!
Fuel

14

4%
25%

6%
25

54'A

$3.50

Colonial

14%

4%

6%
25

28%

Colgate-Palmolive-Peet com—No par

Colo

4 Vz

6%
24%

28%

STOCK

Internat

18%

Dec

103%

Co

A

Dec

20%

2%

.Class

Feb

9'A

xl6

.

6%

24%

53%

:

Nov

9%
11

90

Coca-Cola

4 %

6%
24 %

28%

Par ;

Coca-Cola

4%

%

54%

EXCHANGE

Jan-

2,800

28%

stock-

YORK

?A

b

53 Vz

$ per share

-

130% Feb
-•

1075

NEW

81a

28%

Industries Inc_^

Highest

8%

53%

„

Corp__

Range Since Jan. 1
Lowest

Highest

2,500
3,200

8%

33

STOCKS

Year 194K

T ' Lowest

9%

16%

24%

13%

24,400

9%
16%

8%

4%

10%

10%

9%
16%

28V4

t

Molybdenum:

Range for Previous

11

9 Ve

16%

16

28%

35

Cluett Peabody <fe Co com_i__No par > •
1%
preferred
—:
100
*138%
4% cum 2nd preferred
.100
*74

2

Jan

82 Vz Jan

8

Mar 29

10%

200

52Va

L—

Special gtd 4%

0

6,500

28'A

No par

Co

4%

6

23%

10%

52%

preferred-L

RR

8'A

6,100

10 V2

11

9%

4%

52Va

Illuminating com__No

Pitts

8%

8

10%

11%

9 Vs

15%

83%

4%

33

53 >

&

11

9

15 Vz

32

*81%

5'A

28%

3%
49%

49%

—No par

preferred

11%

8%

11

*27%

Graph Bronze Co

5%

14,200

10

32%
82

4%

—2.50

Louis Ry Co

$4.50(preferred
Cleve

32'A

32%
82

33

65%

3%

Rights

25% Jan 26

Jan. U

70

•

33

*28

30

*32%

'

1

32 Vz

*81% *.32%
5
4%

corn—8.50

^

.

non-curii

5%

9

42 Vz Jan

% Mar 21

700

53'A

25

Clark Equipment Co__^—_i^___

34%

2,200

15%

8

80

7%

20%

*14%

30 V2 Jain

& St

*6%
19 "A

15%

4

c

80

7%

32%

30

;

2,000

20%

*14%

—.

C C

11

14%

13%

21%
92%

7 Vb

9%

6

700

2174

92%

20%

9 Vz

23%

25%

21%
94

7%

4

5%

23%'

14,600

20 %

4%

8

.

7 V»

32%

4 Va

4,500

20%

15%

1

25 Vz Mar

7%

25

300

,

7 Vs

82%

%

27

1,300

8%.

21%

4%

8'A

*25

10%

*8

28%

—100

I T Financial Corp
enty lee 06 xuel

July

*92%

31%

14

8%

21%

94

*81%

11

*3%

13%

22

V8

8%
14%

7%

25%

22

*14%

3

176

10%

4%

25%

9%

*9%

8%

*52

10

Feb

^

9

8%

93

7

*20%

,

10%

8%

22

65

18%'Jan

82

7

10%

94

21%

21V4

4

14%

26

*25%
*93

13

26

4

12'A

65

80
Feb
16% Jan

21

11%

*12

Apr
May
38% Aug

84 %

Jan

12%

31%

1

C

12

10%

13

City Investing Co common—'
5 % %
preferred—
City Stores

.7% Jan

10%

65

,

Cinr.1n.noM Milling Machine

27

26,900

*12

25

Dec

July

<

Elec

&

12 %

13

•

:

Gas

Vb

*64

L

Corp

12

-*12

6% Feb

15 JA

27% Mar

Co

12%

,_100

preferred—;

Copper

12%

No par

•

Jan

75 Vz

176

Jan

A

12%

12%

81%

*28

>•

12%

12%

4

*7%

Co__No par

series

4preferred

48% Mar 28

24%

RR

common-:

Cincinnati

24% Mar 17

36%

Co

5 Vz %

24

Nov

Pac

Chlckasha Cotton Oil

1

23'A

Is &

2,300

12%

31'A

L

100

12%

24%

12%

81%

13%

83%

24 Va

12%

4%

32%

*82%

25%.

20

31%

*14'A

100

83

25

19%

*9

par

100

83

20

82%

6

109

84
26

19%

31%

24Va

108%

500

25%

20

*4Vs

5%

109%

*83

10%

*81%

13 Vz

109%

109

19 Vb

*6%
*20Vz

preference—No par

preferred

16% Jan

90

19'A

7

24

109%

2,000

*8%

94

21

par

7%

84

10'A

21%

94

*6%

,,-100 >

2,300

7%

12 Vb

26

vtc__No par

vtc

Chicago Yellow Cab

'4

■32% Feb

Jun

P

preferred

Rock

25

3% Mar

4%

Apr
63% May

y

Feb

A

17 Vb

7%

8'A

r21%

4

17 Va

7%

•17

10%

*25

*7%

17%

7%

19%

96

No par

17%

7%

8%

22

10%

17 Vb
:

12

*20Vz

Ry Co class A__25

B

convertible

Chic

20

15%

& Louis

7,000

4%

18%

26

lo%

700

10%

8%

11%

Vz

16%

4%

24%

10%

18'A

*21 %

—40'

Milw St Paul &

$3

21

72%

2%

A

%

10%

4%

4%

18%

*8

12

16

11%

109%

12'A

5

Chicago & Northwest com—No
5%
preferred
Chicago Pneuinat Tool com__No

8

Mar

*9%

8%

16'A

11

24 %

*94

East 111 RR Co com__No par

Series

29% Mar 30

20

•28% Feb

Sep

Chic

.7

49% Jan

May

42%

8% Jan
33% Jan

12

10%

1.25

Class

24

12

18 %

16%

4%

17

*83

*25%

No par

7

Jan

14%

No par
com__No par

5% Jan

July

10

12

*8

16%

11%

109%

84

300

Vz

TVa

23

18

11 Va

7 Vb

109%

180

7,500

*4%

16%

23

*9%

16

300

22%

4%

7

*83

101%

127

16%

4%

17

7

*109

*100%

11%

11

4% '

*16%

109%

12

11

Mar 23

17

18 %

3% Feb

40

Feb

*109%

1

Chic Ind

5% Feb

*4%

7%

5

^

7

23

4%

*7

No par

Copper Corp

Products

8

57

;

49% Mar

25%

Pasco

Jan

10% Feb 25

Xl6%

11

*16%

9.50

18% Jan

23% July
49% July

*17%

11

com_5

10

13% July
41% July

Apr

13%

Corp
Co

25

Jun

17%

84

24

9%

*17%

23%

7'A Feb

11

17%

16%

7'A Feb

10% Jan

17%

10%

13% Feb

24

17%

*4%

Chicago Corp (The)
—1
Chicago Great West Ry Co com—50
5%
preferred
;
50

4'A Mar
30

11% Mar 30

11

*17 Vz

10%

12% July

Jan

7%

Feb

17%

21%

*16%

22% July
15% July

Jan

12

9

126

22%

23,100

101%

125

22%

16%

Chesapeake <to Ohio Ry common
25
3%% convertible preferred—100
&

101%

125%

23

*83

preferred

Class

101%

125%

22%

*16%

Chesapeake Corp of Virginia

Chic

*100%

127

22%

*23

Checker Cab Mfg

21

85

102

127

21%

100

Belt Co

$4.50

21

8% Feb

West

Champion Paper & Fib

3

9

17% July

;

de

Chain

18

90

Feb

9

5

Jan

May

Feb

7Te

Cerro

Certain-teed

7

97% Mar

South

Sugar
Century Ribbon Mills

6

102

125'A

21 %

pfd..-100

tCentral RR of New Jersey

11

102
126

21'A

5

.

3,100

27%

125%
17%

Corp__No par
pfd—.*-100

Violeta

24% Feb

Dec

76%

Central

Jan

31'A

G & E

230

57

*101%

18%

1

136

Vz

21 Vz

*17%

Co

134%

2,400

127%

20

Light 4Vz%

11% Jan

102

*21'A

of Ga Ry Co vtc
No par
preferred series B vtc—100

28

Jjun

25.% Mar

*126

No par

preferred

&

6% Feb

102

__100

common

100

2,600

*34;

27%

Central NY Pr Corp 3.40%

8 % Mar 2,9

134 Vz

500

5,100

6%

6%
34.

57%

Cehtral

21% Jan

'6%
34%

136%

19

13% Jan

*6%
34.%

27%

20

5

6%

35%

57

Jan

15

136

*134%

6%
35 Vb
*

6,900
•

34 Va

136

111

11

6 Vz

34%

*33

58

Hudson

17% Feb

134%

34%

28

Central

10% Feb

6%
34%

34

134%

*33%

13%

136

Central

Apr

6'A

34

135

33%

34 %

57%

No par

Aguirre- Sugar
Central Foundry Co

21

6

34%

135

*33%

27 'A

7

84

6%

*33 Vz

*32%

270

,

28 %

57%

12% Mar 3Q

Jun

25
__100

33%

7,900

31%

13%

28

14

27

-3

Mar

May

15'A

*6%

.

33%

.

Va

*30 Vz

31%

13%

57%

7,% Jan.

33

Dec

1 /

33%

28 7A

*30

14 Vb

26%

5%

110

Mar 17

*33

2b %

31%

13%

57%

35% Jan

92

50

29

28%
*30

103%

26

9'A Feo

100%* Jan

13%

Central

26%

•

30'A

13%

10

103'A

103'A

300

7%

57

7

3

7% Jan

29%

30%

13

54

7%

25%

24

Jun

185A
12 Va

28%

30

12%

103%

Shares

13%

*52

57

26

May

28%

29%

13

104

*12%

7%•

26

21'A Feb

Nov

28%

30

13%'

.

57

11 Vb Jan

7 'A

28%

12%

103

for

the Week

share

54

7%

26

8

3

102 Vz
102%

*29%

Corp

Central

11% lviar 14

6% Mar -4

108

Jan

28%

102

*13

*52

7%

$. per

No par

24% Jan.:

16% Mar 10

Oct

74

17

5%

101%

13'A
54

7%V

Sales

Apr. 1

$ per share

Corp of Amer com__No par

Celotex

18% Jan

16

series

1st preferred
2nd preferred

131% Jun

18% Mar

Jan

100%

13%
*51%

7%

Friday

Mar. 81

$ per share

13

7%
7.%

.

?

5

$4.75

5

Jun

20'A

101'A

vi.

Thursday

Mar. SO

54

*51%

7%

10.1

common

Celanese

10

34%

Dec

Co

7

7-

167A Mar 15

Feb

175A

22'A

(J I)

13

52

7%

PRICES

Wednesday

$ per share

13-

52

BALK

Mar. 29

7%

101

No par

7%

5

Mar

Mar

100 :

*12$

13%
54

*7%

(1457)

Tuesday

$ per share

*12%

1

common

General

share

*52

10

.preferred
Caterpillar Tractor

32% Jan
105

3

Case

7

&

Mar. £8

$ per

common—1

& Ohio Ry
& Light

preferred 4%

Carriers

Mar 12

58

Mar 11

22%

187A

140

Corp

Conv

17

37% Jan

11

22

39%

7% Jan

A

Monday

Mar. 2(5

Carpenter Steel Co
Carrier

3?% Mar 28

24

32% Feb

147% July
68% May

Nov

Feb

class

Carolina

Nov

'A Mar

Admin

7

12 Vb

Jan

Saturday
v-

,

$3
preferred A
Capital Airlines Inc__

77A Mar 20

30
6

CHRONICLE

LOW AND HIGH

STOCK

Par

17

53

i

i ;

100 Vz Mar 24

July

41%

23

YORK

EXCHANGE

$ per share

12% Mar 23
50

NEW

Highest

$ per share

May
Aug

56

FINANCIAL

STOCKS

Vear 194X

Lowest

&

35%
•

-

*98

36Vb

36

99V4

*98

36%
f

99

8%

8Vt

8V4

8%

62V2

62%

x62%

62V2

42

42%

3,700

16

2,800

11%

1,300

33%

33%

*33%

33%

900

105%

105%

105%

105%

840

*107%

107%

107'A

107 Va

250

35%

35%

35%

35%

*96%

1,400

97%

96%

96%

90

2,000

'

13%

13%

13%

13%

89%

,89%

89%

90

550

36%

36%

35%

*98 Vb

35%

*93%

-36%
'•99 %

35%

99%

98%

8%

98%

100

8%

8%

8%

8%

8%

62%

1,800

62%

62%

62%

62%

1,900

62

7,800

17

Highest

Lowest

Highest

$ per

$ per

share

share
Jun

6% Feb

14

Feb

69%

Jun

47% Feb

11

Mar

19%

Apr

13% Feb

7

15% Jan

3

14

29% Jan

24

Feb

14

.

19% Mar

33

Jun

x49% Mar

55

July

24% Feb

tan

56% Jan

18

53

Mar 18

55'A Jan

Mar 26

12% Feb

21%

Oct
Nov

49% Jan

15%

Jun

50

Feb

57% July

18

Nov

23%

88

Nov

97% July

86

Oct

98

56%

Dec

66% Mar

19% Jan

10% Mar 31

50%

13

9%

Oct

July
Mar

177

7

12

3

54% Jan

20% Jan

4

Jan

3

Jan

171% Jan

3%%

25

Cum

178% Feb

Oct

3%

Dec

5'A

Jan

3% Mar 25

4

Dec

3%

Feb

1% Feb 25

2 % Jan

39%

92V4

Sep

8%

26% Feb 25

Jun

99

13

Dec

Jan

24%

Mar

x21

Jun

98%

Feb

29

Dec

3

36%

Dec

46% Mar

36% Jan

03

7
19% Jan
42% Mar 14

23%

Dec

34%

23

24

27 % Jan

Crown

17%

26% May

Nov

Jun

15% Feb 24
Feb

91%

Feb

103 % July

94

Mar 17

98

Mar

Dec

129

Jun

94

Feb

15

96

Jan

4

20%

Dec

28%

Jun

20

Jan

78'A

Jun

66

34

Jan

23

65% Dec
Dec

25

17% Aug

12% Feb
155

24

Jan

7

Jan

6

5%

24

72% Jan
30% Jan

24

Feb

10

Cuba

12% Feb 24

15% Jan

27

Cuban-American Sugar

~8%

13% May

Dec

88

11%

Dec

17% May

12

Jan

4

24%

16

Feb

28

Jan

7

Dec
Feb

Feb

150

Aug

47%

Dec

61

May

4%

Feb

18%

Feb

13% July

12% July

Jan

133

Jan

preferred
Cudahy PacKing Co
4%%
preferred

7% Jan

7% Jan

Curtiss-Wright

28

24% Jan

7

xl3%Apr

x31% May

21% Mar

1

15% Mar 18

Jan

4

93

Mar 14
Jan

10%

10%

10 3/8

10%

10%

10%

1,400

15%

15%

15%,

15%

15%

15%

15%

4,500

24

14 7/a

51

*50

51%

52

23%

9 Va

52

52

52

52%

52 7/a

23

23

21

23

22

23

97%

97%

*97%

98%
98%

*97%

98%

*97%

98%

63 %

637/s

x62 %

627/8

173%

174%

174%

172%

3%

37/8

4

4

2

2

2%

2%

"29%

29%

*1%

28%

29

42 >,
25%
97
*94
*21%

*9%

10

25

25

25

*24%

25

25

25

18

17%

17%

17%

17%

42%

42%

*42 %

17%

17%

17%

177/s

18

*42

42%

42%

400

26%

26%

26

26%

25%

26 %

25 %

25%

4,900

96

96 7/a

97

97

*95%

97%

96

96%

*94

95

*94

95

95%

94 %

22%

22

22

,

95

*94

95

70%

70%

71

70%

70%

70%

12%

27

27%

27%

27%

26%

13

13%

13%

13%

13%

178
8 %"

8%

8%

8%

12%

12%

12%

12%

17%

17%

17%

87/s

x8%

8%

*68%

70%

*68%

12%

*12%

12%

12%

17%

17%

*17%

18

1

common

1
100
No par

145/8
*92%
*12%
*15%
*17%
29%

95
96

Inc

24%

24

9%

15,100

6%

*6%

40

124

45%

45%

1,500

9 %

9%

39,500

22 7/a

4,700

22%

227/8

22%

136 V2

24%

24 Va

24%

24 %

.

*133

136%

*133

24%

200

9%

9%

22%

700

18

46%

45%

136%

*133

140

23%

24

23%

r.

22%

22%

*133

12%

•120

124

100

72

*17

6%

6%
*122

46%

9%

9%

22

21%
140

7%-

124

46%

46

9%

9%

9%

*133

:.

6%
*122

122

45%

46

21%

14%
94
13
16
17%
29%

*94

X

21%
140
23%

pfd

122

122

45%

9,300

8%

8%

70%

6%

6%

6%

6%
122

178

8%

t

>

73

\

190

2,500

13%

13%

12%

'

*68

'

10

500

27

*26

*160

178

*69%

,

*17%

69

*160

178

*160

178.

*160

260

3,200

71

*70

26%

13

;

70%

27

*26

12'A

22%

225/s

.12%

*70

*17%
17%
6%
6%
*120'A 122
*45 %
46 %
9'A
9%

42%

22%

22%

22

21%

21%

*160

500

3,500

967/8

9674
*94

12%
178

1,200

42%

427/8

25%

70%

400

*99%/ 100'A

25%

*42

27%

12%
*160

6,700

10

*24%

*69

2,300

9%

247A

*26

3,400

2%

10 %

247/8

22

4

29%

2

29%

10

9%

9%

97
95

110

997/8

9%

25%

174

99%

*9%

42

•

4,900

3%

2%

.

40

62 %

174

4

2%.

20

98%

-

100%

17

17

62 %

173

4

2%

*99%

100

100

103

4

30

*97%

98

30

9%
25

9%
*24%

No par
No par
—No par

98%

390

3,700

29%

*

*100

*97% 102

.

29%

28 7/»

xl72%

174%

*97%

62S/8

173

3%

98

62

28%

Inc—2.50

9%

9%

63%

69

A

9% '*

*97%

3 'A
1"%

1,900

9 Va

51%

98

23 '

*97%

51

*50

51

9%

52%
23%

51%

22%

*50

.

220

9%

9%

52
23 %

54

*52%

51

*50

51

*50

%:;9X

9

9%

54

97%

5

Cutler-Hammer

26% Jan

10%

147/a

*10%

A

V

*52%

*12

Cushman's Sons Inc 7%

4

10%

14%

1
100
common—2.50
5% conv preferred
20
Davison Chemical Corp (The)
1
Dayton Pwr & Light common
7

21

22% Feb

11

21%
*133
*23%

Class

7

Jan

137

Mar 14

54

52

8%

preferred
Prior preferred

2,700

*52'A

52

70'A

$7

19

Jan

9% Feb

8

21

133

19

50

3

Feb

Sep

7

Jan

28

52

100

Inc

Press

27%

52

8%

Cunningham Drug Stores
Curtis Publishing com

28%

29

*69%

Cuneo

28%

14%
29%

100

1

3,800

29 %

14%
28%

common——10

7

15

54

14%

3'A
1%

common—10
100

Jan

129

4

Mar 14

45

27

*14%

28%

100
pfd

non-cum

13% Feb
18

4% Feb 24
119% Mar

July

28 %

137

17

Mar 29

73

7

7% Feb
67% Jan

Dec

15%

6%

15%

*173% 174%

No par
5
No par
No par

preferred

conv

RR

1%

7%

122%

com.

preferred

3

67%

July

Corp

55%

15%

28%

14%
51

63

$4 2nd preferred
Crucible Steel of Amer com__No par

Jun

177

Apr

Zellerbach

$4.20

7

95

preferred

$2

8

10,300

54%

15%

14%

63%

2.50

Cork & Seal com

Crown

14,100

54%

55

54%

*14

97%

2

(The)

Cream of Wheat Corp

12

Shares

7%

7%

63%

1

America

of

54%

share

7%

7%

7%

7%

54%

54%

7%

52'A
10%

*97%

100

preferred

54

7%

$ per

S per share

$ per share

$ per share

/'•X

7%

Sales

Apr. 1

Mar. 31

*97%

25

common

Creameries

% Mar 30

25% Jan

7

Co

3%%

Mar 10

10

Feb

7

Crane

7

for
the Week

Friday

Thursday

Mar. 30

?9

14 %
28Va

*97%

100
1
1

Coty Inc
Coty International Corp

Mar.

98

25

preferred

8

32% Jan
100

8% Jan
23

.

1%

Mar 29

14

Jan

Corn

18

164%

1%

preferred
pfd 3%% ser of 1947
Products Refining com

25

63% Mar 29

6

8
100
100

SALE PRICES
Wednesday

AND HIGH

Tuesday

$ per share

7
54 %

*50
8%
*51%
23

1

Glass Works common

Corning

Feb

99

6

57

Corp

Exchange Bank & Tr Co—20

Corn

99% Jan

10

92% Jan

Steel

Cornell Dubilier Electric Corp

23% Mar 24

94

*27%
52
10%
14%

Delaware

Oil of

Cooper-Bessemer

15

49% Mar

7
54%
*14

Continental

6

Feb

11% Jan

52

4

8% Mar 22

1
5
14

Continental Motors
Continental

17

Nov

Feb

42% Mar

'

10

52

$ per share

Par

Corp common—5
$3 prior preferred
No par
Copper Range Co
No par
Copperweld Steel Co common
fl
Convertible pref 5% series
50

7

8%

"

>

share

$ per

6

Monday
Mar. 28

LOW

EXCHANGE

10%

46%

Saturday
Mar. 26

STOCK

YORK

NEW

Range Since Jan. 1

Year 1948

$ per share

RECORD

8TOCKS

Range for Previous
Lowest

STOCK

YORK

NEW

Monday, April 4, 1949

CHRONICLE

FINANCIAL

&

COMMERCIAL

THE

(1458)

18

1,700

6,400

D
87

85

94%

Dec

20% Jan

12

Feb

23

14

14%

Dec

17"%

15'

Jan

13

16% Apr

Feb

28% July

8

20% Jan

7

Jun
Jan

xl6% Mar
26% Jan

Feb

31% Aug

82 %

Nov

94 !

Jun

92

Jan

4

84

Sep

94

Jun

92% Jan

11

-8%

Nov

15%

Jan

8%

Sep

13%

Jan

Dec

42

Jun

27

6% Feb

Preferred

3.75%

Preferred

3.75%

series B

8

7

Decca

Jan

12

29

4

Dec

46%

Jan

32

Jan

29%

Feb

34% May

31

Mar 29

38%

Jan

50%

32% Mar 22

7%

Feb

13 % July

7% Mar 16

9% Jan

7

14%

Feb

39% July

20% Feb 24

27% Jan

7

July

37% Mar 23

50% Jan

24

32% Mar

58

\

21% May

20

Dec

60 %

55% Feb

Jan

7% Feb

58

11

Jan

13% May

26% Oct

22% Mar 16

16% '-|an

13

28%

Jun

i9% Jan

46

Jun

36

Dec

19%

f

Dec

35% Mar
38

Feb

46% July

11

Dec

19% May

13

Mar

xl9% May

13%

Dec

20%

Nov

41

Jun

A.

vv;

56

Apr

48% Feb

Jan

Feb

40

18

15

51% Mar 11

3

14% Mar 29

Dr.

Pepper Co

Doehler-Jarvis

33

Jan

24

3

15% Apr

1

Doihe Mines Ltd

7

63% Mar 31

Douglas Aircraft

Oct

46 % Feb

16

Feb - 7

106%

Jun

103

Feb

106%

Oct

101% Feb

31%

Jun

3

26

Mar 30

86% Jan

21

33A%

13% Feb

1

Dunhill

19% Jan

98

July

81

Dec

20

May

11% Mar

18
May
188% July
124% Jun

Dec

99%

Feb

116

111% Aug

Jun

15%

Dec

Jun

Jan

8

13

10% Mar' 3
Jan

4

119

Feb

28

121% Jan
101

3

Jan

12

S

Sper share

per

96

94

94

*94

96

*94

96

10

10

10

10

97/s

10

10

10

60

1,000

10%

8,700

6 7/8

*6%

7%

6%

7%

25%

25%

25%

25%

25%

2,400

35%

35%

35%

36%

35%

36'%

35%

35%

34%

35%

10,000

31%

31

31%

*31%

31%

31%

31%

31%

31%

33%

34%

34%

34%

35%

35%

35%

35%

35%

1,600

77-8

8%

8%

8'A

8%

8%

8%

7,800

6%

*31

7

7%

900

*7%

77/8
23%

22%

22%

23%

23%

23%

24%

24%

24%

23%

24

2,700

38'A
213A

38'A
217/8

38 %

38%

39%

41%

>9%

40

39%

40 Va

3,600

22

217%

40%
22
:

40%

21%

217%

22

21%

22

21%

217%

33%

*54

*54

59

*7%
*23
*12%
*21 %
*37'A

77/a
23%

A/7%.:

*41%

11%

7%
14

*227/8

23

300

12%

*12%

13

900

*21%

21%

23

12%

21%

21%

21%

21

21

800

37%

37%

36%

37%

42

40%

41%

300

38

*41%
11%

42

11

37%

37

*37%

42

*41%
*

11%

11%

*11%

11%

7,200

7 %

7%

7%

7%

*7%

7%

900

7%

7%

7%

14%

14%

14%

14%

14%

14%

14%

11

11

11

11%

11%

11%

11

11%

28%

28 Va

'

*25%

27%

*25%

27%

27%

27%

50'%

50%

*50%

51

50

51

12%

13%

14

14%

13%

29%

29%

29%

29%

14%

'14%

Xl4%

'29%

60%

48%

r

'

*81

477%

48%

103 Vs

*

103%

*103

103'A

107%

107%

*107%

21 %

21%

21%

187

100
6

...

15%

61%

63%

5,900

4 8'A

4674

47%

10,900

xl03%

103%

*102%

103%

xl06%

107

22%

81

13%

1078

107

187 %

187%

188%

121%

121

121

997/8

100

100

Par

t per

10

18%
16 Va

,S per

18%

1

16%

share

.....

sharp

.

100

83%

83

*81'A

14

>13%

14%

900

10%

,10%

2,100

10%

189

10,300

189

188 :

121'A

121 %

121%

100%

100%

100%

100%

*114%

114 %

114%

114%

113%

114%

11%

11%

11%

: 11%

■

400
1,400

90

; v..

900

4

Apr. 1

Mar. 31

the Week

Shares

t per share

$ per share

share

Sales for

Friday

Thursday

Mar. 30

S per

•y:

11

11

PRICES

Wednesday

S per share

,;0)

10,900

121

Mar. 29
i}

10%

2,100

22%

188%

Tuesday

Mar. 28

Mar. 26

*1278

105%

22%

100%

LOW AND HIGH SALE

Monday

Saturday

*78%
T';

s

500

104%

22%

121 %

100 %

11

11

10%

.

189 %

188%
*121 '

114%

*114%

v..

'

22

81

12%

10%

103%

*102

106%

106

22 Vs

12%

*10%

11,100

1474

63%

84

10%

*10%

5,100

147/a

10%

115

30%

4

*12%

99%

'X 30%

47%

*81

*114

1,900

30%

14%

186%

115

13%

62 3

10%

100

210

13%

487a

*120%

121%

1,500

50

62%

12

187

*997%

15

62

84

*10 %

*114

15

21% : 22%
•

*10'A
*120

30

12

12

*11%

No par
No par

30%

10%

*81 '

84

-

14

1,500

i 28

108

..107%

.

14

27%

103%

103%

107%

21%

14%

15,700

11%

*49

:

50

14

13%
*n

x47%

15

49

,;48%

v

*49

29%

62%

61%

61

61

61

'

48%

No par
No par
50c

X

14%

14%
/

*

■

600

11%

11%

11%

*41%

42

27%

15

X;;..V:.v

21%

*22%

12%

*25%

EXCHANGE
-

-

23%

13

7'A

11

3,200

8'%

8

8%

8

12%

23

12%

38
'•

8%

"

7,800

59

*54

59

137/8

7%
14%

11

*23

23

21%

11

11 Va

8

13

21-

42

77A

'23

*37%

*41'A

STOCK

share

■:*

38

8

*54

59

*54

'

7%

rf

*12%

21%

STOCKS
YORK

23

59

*54

59

X

7%'

13

29%

1st pfd

Duquesne Light 5%

Highest

*94.

96

9%

12

DWG Cigar Corp

..

$ per share

$ per share

$3.50

10

Lowest

96

*94%

35 Va

No par

.

Highest

Lowest

*94

96

25%

1

series
series

$4.50

NEW

96

/.

\

12

preferred

12% Jan

9

96

•94

95

96

29

25%

100

common

Corp

Preferred

177A
29»A

*22%

Du Pont de Nem (E I) & Co com„20

27

17%
29%

6%

50%

International

Preferred

3,300

17%

29%

50%

common

preferred

conv

Range Since Jan. 1

Year 1948

Co

Industries

Duplan

21

28%

17%
29%

25%

:
5
No par

■

115% Jan

113% Mar 14

10% Mar

5

189% Mar 30

179

97% Jan

Jan

$3.25
Dresser

Range for Previous

.

2nd

21

22% Jan

28%

17%
29%

7%

L-——No par

$4 preferred series A

11

108% Jan

Jan

164
Mar
.113% Jan

Chemical

Dow

21

Jan

7

12

f

50% Jan

*17%

1,100

17%
95

No par

Corp

28% Mar 23

105

300

17%

17%

29%

*17%

16%

29%
*94

No par

—

48% Feb

50 %

100

16%

34

1
No par

Corp

Dixie Cup Co common
Class A

12% Jan

83

10%

8

Jan

Corp

Feb

xl8% Nov

*■94

Corp-Seagrams Ltd

Apr

Feb

12%

Jan

16%

v

67/8

2
50c
2

Co

Stores

Divco

17
30

14

*15%

16

16

25%

25

Distill

6

13

31 %

1
1

preferred

partic

Diana

7% Mar 12

94

*12%

*33%

Raynolds class A—'—12.50
Match common
No par

Diamond T Motor Car

26

*91%

13

13%

*307/8

5

Jun

Feb
.

6%

1

15% Jan

pfd

Corp

19

Nov

90

Jan

Steel

Diamond

13%

94

*12%

100
20

com

Vilbiss Co_i

67%

11% Nov

97

45% Feb

2

10% Jan.

32%

7

12

for

Devoe &

26

Jan

9% Feb 24
24'A Feb

23

47

•

."Jan

40

25

13% Mar

Dec

X 29

22

10% Mar 11

Dec

,t\ 10

3

1

ctfs

De

xl3%

*92%

13

14%

100

Western

&
for

Detroit

16

134

94

Grande West RR

Detroit-Michigan Stove Co

Mar 29

*15%

-

35 'A

Detroit Hillsdale & S W RR Co_100

3

40% Apr

Oct

25

11

Mar

6% Feb

46%

Lack

ctfs

Escrow

24% Mar

ll3#Feb

16

13

v

100
50

Detroit Edison

10

13

*15%

*92%

94

*12%

20

Escrow

3

*92%

13

25

No par

preferred

Delaware

13%

14%

13%

14%
94

*12%

10
6%

*25%

Delaware & Hudson

9% Jan £7

19

Dec

11

W

Feb.

22% Mar

8%

.

22

3

Jan

Apr

56

•

7%

24

40% Jan 21

14

*92 %

26

6'A

1

common

Denver & Rio

20

k

Jan

34

Co

&

Deere

36% Mar 30

*9%

50c

Inc

Deep Rock Oil Corp

31%

Jun

Records

*94%

50o

Rubber Co

Dayton

9% Jan

18

100
100

series A

20

10% Jan

2

Feb

series A

pfd

Mar 29

96

95% Jan

9% Feb "23
25

new common—

Davega Stores Corp

3

30% Feb

3

24%

,

3%%

1

18%

!

Oct

13%

;

Dana Corp

E
18

Dec

25% May

16% Feb

26

20% Mar 30

Eagle-Plcher

13%

Oct

20% May

14 % Feb

7

16% Mar 29

Eastern

13

Dec

12%

19 %

38%
157

<

*■

175 t

33%

30% Dec
14

Mar

Dec

5%

-

48% Dec

14%. Jan

174

4

Jan

98

Jan

20

Jan

7

18

12;

Jan

10

Jan

8

12% Apr
1
100% Mar 30

6% Jan 29

Jun

3

90

4

88

Feb

32% Jan

7% Apr

2% Jan

12

Jan 20

102
7%

Electric Power & Light com—No par

19%

19

19

16%

15%

16%

15%

15%

13

13

13

13

13%

13%

12

12%
47%

10%

11%

12%

12%

12%

46%

47%

47

47%

46%

1

*169%

172

15%.

38'A

14%
*33

1%

1%

V

22%

102

3

24

Feb

15

167

Mar 31

135

Feb

15

150

Mar 30

Jan

43

51

13% Mar 24

Elgin National Watch Co

18

*13

137/8

5

21% Jan

Elliott

10

*20'A

2074

20%

56%
49

*54%
*46

Jan

Jun

18% Feb1

8

47

Feb

3

12%

Feb

20% July

10% Feb

19

16%

12% Feb 24

74%

,

9% Mar
12%

Jan

c

29%

Dec

.

:

i

Dec

16% Aug
34

104'

6%

Jan

66

14% Jan

Jan

Jan

;

10

7

Jan

6

Feb

28

15% Feb

10

33% Mar 25

100% Jan 24

104

Jan

13

<4% Mar 12

5

Jan

7

14% Jan

11% Feb 24

21

60%

Feb

65% July

53% Feb 24

61% Jan 24

59

Sep

68%

60;

68

-

9

20% May
Ji%

Jan

Dec

49% May

3%

Dec

7 Va Mar

36

footnotes see page 26.




10% Jan

M

:

Jan

Jan

4% Jan

3% Feb 25

Jun

34%

1

,

4

3

-•

50
50 '

conv preferred
preferred

Emerson

7

Jun

Apr

5%%
5%

31

6

7

8% Jan
7
43% Mar 29
4% Jan

21

Emerson

3

Electric Mfg Co
Radio & Phonograph

Empire District Electric Co

5

10

Erie

5%
Erie

RR

Office

Bldg

1
No par

common—

preferred series A
Pittsburgh RR Co

&

Eureka Williams Corp
Evans Products Co

Eversharp Inc
Ex-Cell-0 Corp

Exchange Buffet Corp

100
50

*

£3

22%

*54%

•

*46
,

*11

*

*14%
15%

>*60

1

8
42

2.60

>*3%

100%

1%

1%

1%

23%

23%

23%

167

166%

149%

150

13%

13%

21

21

21%

:-2i

21'A

56%

*55

57%

*55%

49

*46

49

s

*46

77%

77%

; 77

77

12.

11%

-12%

15

15%

15%

15%

15%

15%

15%

8

•

7%
43

42
,

*3%

16%
15%

*11%

r

12%.

r

4'A

*4%

47A

13%

13%

13%

13%

13%

13%

56

56

57

57

*60

62
v

62%

4%
8%

57%
*60

4%

9

8%

*60'A

57%

;

62%

4%
9%

*56%
60

4%

14,300

9 Va

4%

900

33%;

4%

4%

1,300

'!

15%;

*33

*101%

,

100

1,700

15% •' 15%

4%

,33%
103

300

2,500

76%

xl5

■</■■

4%

8%

3%

12, r

33%

4%

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12

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1,000

;;
;

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76%

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4

43

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,

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13%

13

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600

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33%

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13%

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331/4
101 »/8

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44

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149

48%

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166

57%

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1%

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167

150

11%

15

15%

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237/8

150

20

4,900

14%

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3,000

v

2,900

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38%

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89%

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7%

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15%

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800

38%.

7%

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15%

6,000

157/8,

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.-12%

38%

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76'A

50

30

*100 > 102

20%

11%

15%

15%

"

12%

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171

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7%

*

14%

89

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30

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102

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16

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4,800

15,600

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14%

23%

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12

46%

44

44%

76%

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33

149

171

X

39%

•

14%

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44

76

89

%

33

1%

164

75%

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715%

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103
4%
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55%
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3

164

147

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5
8

;

163%
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*144,
147
J 44%' 44%

75%

u-4

Endicott Johnson Corp common
25
4% preferred
-100

Equitable

,

,•

No par

common

13% Jan

16% Mar 31

6

No par
No par

El Paso Natural Gas

Nov

Apr

Co

77% Mar 30

30% Feb 16

16% July

preferred

$6 preferred
Electric Storage Battery

89

12

34%

23%

49

17

% Apr f: 1
12% Jan 29

$7

39%

*1%

56

56%

r

v

7%

14%

231/4

19% Jan
153

102

*33

1%

*87

11%

38%

14%

Oct

15%

7%

34%

30

30%

15%

89 '

*100

.

4,300
37,300

'

29%

15%

151/4
*87

38%

171

29%

>11%

7%

171

173

29%
1

11%

7%

:

14 %

*170

297A

88%"

1*100

."V'

19%

:

46%

151/8

35

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«

19%

16%

12%

11%

••

38'A

14%

*323A

20%

16%

12%

Oct

14

w«r

"

1% Feb 25

Jan

7% Mar

7%

*100

Convertible preferred
No par
Elec & Mus Ind Amer shares

Electric Boat common

ll7/8

19%

16

12%

88%

89%

38'A

3

(The)

7

55%

.

Auto-Lite

7

21

49% Feb

Dec

Electric

Jan

42% Jan

Dec

29%

->15%

*88

:

15% Jan

Oct

4

*14%

>*11%

100
1
5

preferred—
Nut Co

Stop

34% Jan

Jun

9%

4%%
Elastic

11

Jun

Feb

1

2.50

corpmon

25

49

9%

172

*

Products Co

12% Feb

43

172
29%

29%

—100

preferred

4%%
Ekco

32% Mar 18

27%

*

Nov

Feb

Edison Bros Stores Inc common

463A

46

46%

*169

2

Co

38 % Feb

76

4%

Manufacturing

Jun

Jun

23% July

Dec

97

*103A

100

preferred

Eaton

13
11

*125/8

5
10

16% Oct

Dec

41%

Corp

common—

37%

57

X55

1

6%

10

common

Stainless Steel

:

19%

16%

16 Vs

166
-

12% Dec

19%

5

15

Eastern

Eastman Kodak Co

19

18%

*12%
10%

147

Feb

Feb

47% Mar 29

7

Jan

28% Feb

Eastern Corp

Inc

2% May

Feb

13%

123%

42 % Feb

164

10% Feb

56
;

V

1% Nov
139

7

Jan

8%

Feb

Feb

7

13% Jan

Jun

106

39% Nov
11

13% Jan

11

16%

Jan

32%

Dec

21

92%

-

Dec

92

Jun

Feb

9% Feb

19% May

Dec

82

10%

12

Jan

46% May

Feb

Sep

Nov

22%

Dec

Co

Airlines

102%,.

500
20

.

4%
f.

1,700
14,300

13%
57%

400

60

10

4%

2,400

8%

3,400

'

9%

;

'

8%

8%

43 %

8 Vs

*42 %

3%

3%

8%

8%

8%

42%

42%

3%

3%

,

'18

8%

13,600
*

42%
*31/4

..

43

3%

*41%
•

*3%

42%.
4%

700
;

•

200

Volume

THE

Number 4791

169

COMMERCIAL

NEW
Range Since Jan. 1

Year 1948

Lowest

Highest

S per share

$ per share

$ per share

NEW

Highest

YORK

STOCK

STOCK

$ per share

LOW AND HIGH SALE PRICES

Monday

Mar. 26

Par

19

RECORD

Saturday
.

(1459)

CHRONICLE

t.,

f

EXCHANGE

•

FINANCIAL

YORK

^
STOCKS

Range for Prevlona
Lowest

&

$ per share

Sales for

the Week

Apr. 1

Shares

Sper share

$ per share

$ per share

$ per share

Friday

Mar. 31

Mar. 30

Mar. 29

$ per share

Thursday

Wednesday

Tuesday

*

Mar. 28

F
37

54%

Nov

191/8

41% Jan

28

24% Jan

10

15

Fairbanks

7

Feb

23% Feb

26% Mar 26

36% Feb

Jun

19

Nov

33 %

Oct

20

Apr

28%

Nov

5

Nov

11%

Jun

11

Feb

16

Oct

11%

Feb

43

Jun

8

35% Jan

x

Falstaff

7% Jan

9

&

No par

Co

4

7

Farnsworth

8

Mar

20 %

May

16 VB Mar 10

17 % Jan

26

Dec

12 Va

May

4% Mar 18

6% Jan

10

Federal

28% Jan

6

% Jan 26

20%

Feb

31% May

24% Feb

90

Feb

99%

Jun

95% Mar 23

99% Jan

20

19%

Dec

24%

Sep

17

Mar 11

20% Jan

5

Jun

14% Mar 25

9

Motor

Federated

4%%

Dept Stores

17%

Dec
Feb

69%

Oct

64% Jan

31

68

Dec

53

Jpn

44% Feb

25

50% Mar 31

Firestone

105% Jan

4

107% Mar 17

4%%

103%

6

Tire

&

Jun

49% Mar

59%

July

Jan

3

61% Feb

4

Feb

20% Aug

15% Feb

26

17% Jan

3

Firth

28 Va

Nov

42%

24% Feb

7

31% Jan

7

96

Dec

xl04

Dec

13

Dec

iy8
*11%

1XA

12

12%

12%

12%.

12 ,/

12%

*35%

36%

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12
36%

36

36

36%

36Vb

36 Va

*16

16,%

16%
4%
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16%
4%

16%

16%
4%

16%
4%

*16%

66%

25%
96%
18"%
16%
66%

25%

49%

50

1%

*4%

4%

*24%

25

*95%

96%

96

*17%

18

18%

1

*14%

_10

14%

15

59%
15 %

par

26%

26%

26%

par

*100

*25

15% Mar 29

Florida

14%

21%

Jan

12% Jan

14

13% Mar

9

Florsheim Shoe class A

No par

*12%

22%

40%

Jan

18% Feb

25

24% Jan

7

Follansbee

-.-,10

*19%

19%

8% Feb 24
22% Mar 23

10% Jan

11

Jun

29% Jan

8

Jun

82% Mar 25

90 Va Jan

18

Dec

90

95

26

Dec

9ya Mar
27

12% May

Dec

79

Dec

47%
105

82.% Nov

92%

24 %

Dec
Mar

9% Dec

10

35%

Feb

10

Feb

Feb

24

25% Feb

3

Feb

26

11% Jan

11

8% Feb

.

25

9% Jan

Foster-Wheeler

11

;

6%

13

13

13

21%

20%

21%

20 Vb

9%

24

23

83

83

83

*83

100

*91%

93

93%

92

92

*24%

25%

*23%

24%

*10%

10%

92

92

24%

24%
24%
10%
8%

*23%

10%
8%

9

*92

25%

24%

*24

10%
„

10%

9

9
44

12%

17% Mar

18% Feb

25

207/a Jan

12

Fruehauf

*19%

19%

20

84

75

Feb

21

78% Feb

2

*76%

77

6 % Feb

10

Jan

Dec

12

Aug

9

38 Va

Dec

A

23%
i

5%

Dec

27%

Dec

45

16 Va

Dec

11%

Feb

26% May
18% May

99% Mar

8%

-

Jan

12
24

6% Feb
32% Feb

8
3

15% Jan

Jun

102-% Mar 23
42*

Feb
Feb>

160

14% May

7

19

General

$8

15

July

8

Feb

11

Sep

82

Jun

69

Feb

28

Nov

44% July

27% Mar 25

31

Jan

7

18

Dec

24

Jan

17% Mar

20

Apr

1 ?

X125

Jan

Nov

144
43

34

Mar

41

Nov

96

Jun

13%

Dec

53

Oct

45% Mar 31

87%
9

Mar

40%

Feb

118%

Jan

7
20

4%

40

7%

39'A Jan

3

93% Jan

4

97% Feb

23

7% Feb 28

13% Jan

11

13

Feb

128 Va

Jun

108

Jun

123% Jan

127% Mar

4

107% Jan

97% Mar 31

3

5%

Highest

50% Mar

Since. Jan. 1

Range
Lowest/.;'

/

i per share

NEW

Highest
$ per

Sper share

%

•

62% Feb

2

123 Va Jan

5

125% Jan

17

$5

93%

Feb

99%

Jun

x97

Jan

6

100% Jan

26

Preferred

%

Mar

17'A

Jun

13

Feb

25

14'A Jan

8

Gen

16%

Feb

26

Nov

23% Mar

3

25% Jan

7

General

12%

Nov

13% Jan

4

16% Mar

8

2% Feb

10

3% Jan

7

11% Jan

3

12

2%

Dec

18%

Dec

18% May

Feb

10%
120

Sep

4 Vb Mar

56% Feb 25

Nov

4% May
,

15%

Jun

18

29
May
128% Jan

Feb

4% Feb

3

Feb

30%

Jun

23%: Jan

Nov

31 Va

Jan

24

110%

Feb

132%

Oct

22%

Dec

21%

Dec

98%

Apr

Dec

24% Jan
28

Mar 14

114% Feb 25

29% May
30% May

22% Jan
20

18%

Dec

30

Jun

Dec

90

May

75

72%

Jan

82 % May

Feb
.

21% Jan

25

77

5

Feb

39% May

29

Feb

7

87

Dec

96'A

82

Mar

8

17

Dec

25

75

Dec

85%

19%

Nov

28

Jun

33% Jan
91

12% Mar 23

May

74% Feb

Jun

48 Vb
4

Feb
Mar

Mar

:

14%

Dec

47% Mar

6%
122

94% Mar

103 %
50 Vb

2%

9

103

101

Mar

x40% Feb

$5

<

104% Feb

Oct

Jun

13% Jan

19

16% Mar

Jan

2% Feb

23

3% Jan

8%

5

Apr

5% Feb

19

16% Jan

4

Feb

35

Oct

24

1

28 % Jan

23 v

Nov

31

May

5

24% Jan

89

Nov

99

Jun

14 %

Sep

Jan

13

97

Jan

12% Jan

-

11

14% Feb

July.

Grant

3

32

Dec

15% May

12

Feb

43% Jan

16% Jan

3

18% Jan

135% Jan

6

144% Mar

$2.25

10

Jun

' Feb

i

23

13

Jan

*27%

27%

*18%

18%

18%

18%

19%

19%

19%

19 VB

19%

19%

20

139%

139 Vb

139 VB

*139

139 %-.

*139

139%

Apr
Feb

40%

13%

Dec

17% May

■'/ 13 Vb Jan r 4

14% Mar 29

10

Feb

13% May

10% Jan

4

7%

11% Mar 30

90 %

Dec

98

.Jun

93% Jan

26

16%

Nov

25% July

15 % Feb

Jan

'i-iw

'■

'

conv

38 V2 Jan

33% Mar 19

43%

42

42%

95

95

95%

97

95%

95 Va

*94

*94

96%

•

96
9 Vb

9

*8%

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<46 V2

4 6'A

46'A

*126%

■,*27%

126%

126%

9 ■•■■■

>/

.

98

98

<

9%

..

127%

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98%

*96 %

58%

58%

59%

124%

124%

125

99%

100

100

*13 Vb

14 VB

14

■:

12%

12%
18 VB

*121%
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59 %

34,900

125%

900

100

iro

*13%

13%

*13 %

13%

23%

24%

24%

24%

24%

14

14 Vb

14% ■: 14%

14%

14%

14%

12%

\

,2%

12%

5

12%

12%

18%

24

c>

19

18%

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24

19 Va

_i

*25

_20

•25'A

-Nopar

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:

*18%

24%

5

com

25'A

:

30%

22%

22%

*22%

100%

*99%

20%

21

21%

21%

*75%

78%

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78%

*75%

72%

*69%

72%

*69%

*69 Va

9%

10%

10

10 Vb

X10 Vb

10%

72%
:;»-10.;-.': 10%

30%

31%

31%

31%

32%

32%

/s 31%

87

85%

85%

x84%

847/a

*83%

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13%

13

13 Va

13%

76

76

76

76

24%

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1

6%

18%

24%

24%

25%

17%

18

18

'

13%

18%

18%

13%
•

111

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53%

6%

6%

111

*110

•

6%
110%

110

110

112

_10

16%

16%

16%

16%

16%

17

16%

62%

62%

62%

62%

63

63%

63%

63%

Nopar

*101%

102%

*101%

102%

*101%

102%

102%

No par

42%

42%

43%

43%

43%

*101%
44 Vb

No par

*103%

No par

14%

*103%

103%

103%

103%

*103%

103%

•103%

14%

14%

14%

15%

15%

15%

*15%

15%

*

:7

200

4,800
; 7 7 200

i.

1,300

1

103 %

103%

..15%

15 VB

2%

2%

:. :

2%

*6%

6%

6%

6%

6%

6%

6%

7

:

*18%

18%

18%

18%

18%

18%

*18%

19

18%

7%
18%

77/77'<77
*18%

Nopar

*24%

25%

24%

24%

25%

25%

24%

25

24%

24%

24

24%

21

20%

20%

20%

21

21%

22%

21%

22

21%

21%

96

*95%

96

95%

95%

96

95%

95%

*95%

95%

7

13%

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21:

100

|*95%

1

"7 12%

No par

*34%

com

Sugar com—No

12%
■

*38%

par

*17%

———1_100

2%

/2%

2%

2%

2%

2%

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2%
/v,

7

'

*12%

12%

*34%

36

Xl3

36

:

12%

13

*34%

12%

36

12%

12%

12%

12%

39

39%

39%

40 JA

*

17%

:

>7

17%

17%

136

136

137

137

*64

7/7, v 17%

70

*64

70

—1

*34%

35%

ft Die Corp„Nopar
(The) —

*13%

14 Vb

3

11 Vb

11%

v"

100

*95 Vb

96%

:

10

18%

18%

136%

7

17% 77

136%

13 Vb

*12%

34 %

36

*34%

3Q

12%

12%

40 VB

39%

17%
137 :

17%

17%
*136

*64

70

*64

36

36

36

35 %

,*13%

14 %

HVb

14%

11%

11%

11%

♦95 Vb

96%

*95 %

96'A

*95 Vb

18 Vb

18 74

18%

19 Vb

18%

r

136

*64

70

35%

•

136

14 Vb

14%

5 Vb Mar

9

Jun

97

July

85

.

,

Feb

12%

Nov

20%

Jun

44

Feb

58%

Jun

'

57% Feb

81

14

18% July

Jan

For footnotes

Jun

see

5
92

8

.

97

Mar

19% Jan

2

4%%

preferred

Grumman

Jan

3

Guantanamo

Jan

4

94

Feb

16

24

14

Jan

7

15,

50

Jan

8

Feb

,

7

6

10% Feb
.45

$5

conv

Aircraft

Sugar

Corp—
common

preferred-

71% Jan

7

Gulf

16% Jan

19 % Mar

4

Gulf States Utilities Co_:

3

1

Oil

Corp

77

No par

Gulf Mobile ft Ohio RR com_No par
$5 preferred
Nopar

60% Feb 26

page 26.




■■

7 Feb 24

1

*5%

5%

5%

:/

5»A

5%.

5%

5%

19

92
•:

92

11%

11%

11%

12

12%

12%

12%

13 Vb

47%

47%

47%

47%

47%

48

48J

*46

25
,_No pa!

5%

■11%.

;

;

:

*92

93

*92

93

'•

64%
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64%

64%

65 Vb

64%

65%

64%

65

18%

18%

7'18%

18%

18%

18%

18%

:

12%
39%

17% ;

*136%
*64

1,100

:

77

6,000

3,700
80

138
70

"■7/
/7

35%

36%

13%

13%

1.000

11%

11%

41,800

95%

95%

18%

19

5%

19

y8

t

'a&l
I ■ ■■■

92

93

12% -13%
48;.;, 48%
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tn;
■■■

....

!

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'63%,

.

18%

5%

j

1,500

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39

36%

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93

*92

•

30

5%

18%

5%

7'v :

2,300

Greyhound Corp
Common

;

5.500

18%

*95 Vb

7

,77

96 %

11%

96'A

1,100
2,600

'

14

*13%

11%

3,100

7

,

11%

36%

11%

,

7.■■■/•',77;:

12%
:

70

36%

7

18%

,

40

17%

*34%

13

39%

7

*

13%

12%

12%

39%: 77

100

Co Inc_^

17,400

'

2%

——5

-

Stores

,

V

2%

5

1

2,900

43%

10

common

2,100

,

"

102

43%

103%

14%

:

62%

62%
102

44%

103 7/a

16%

1

102%

43%

44%

77.7 770

111

16%

16%

9,100

6%

6%
*109

63 V,

62%
*102

200

54% 7 7

*52 VB

54%
6%

200

2,000

5,900

18

.17%

111

16%

16%

No par

43

7:77'

;

18%

7,700

13%

13%

25%

18

53 Va

*11)9

25

*24%

6%

200

25

25 V4

54%

6,100

•

:

18%

6%

/

*77

25 Va

*53%

7

*76

18%

6%

7/

86

*82%

77%

54%

10

i

31%

•■•21%

3,200

.4,400

10%

10

i'v13%

*76

6%

6%

v

21%
78%
72 Va

21%

87

77%

*76

76

*53%

55

13%

13%

500
•

32 VB

3,200

22%

78%

.

390

7

100%

*69%

=.2.50

com

22%

*75%

21

400
1

257/b

*99%

72%

20

1,800

/

116'::;:/r

25%

78%

20

'85%

*75

*109

115%

22%

*99 Va

4,700

24Vb

:.25v://25;,;;//'

*69%

31
1

*83

No par
__50

pfd-

Greenfield Tap

22

100

92

2,400

19'A

*23%
/

116%
25%

*99%

21%
100%

17,300

5%

*75%

10

•*°°

100

25%

.

'■

123

5%

100%
21%

20

13

_

25%

25 Va

25%

74

25%

25%

12%

r*18%
*121%

72%

10

5

;

25

116

116

116

2%.

■

12%

77

77

*69%

com—No par

25%

25%
116 Va

21%

100%

*19%

_100

.—100

*25%
116%

2%

3,800
4,300

14%

13%

24%

25 Va

24%

25%'

*99%

'

1,300

,

18%.
123

24%

24%

115%

25 Va

22

24%

5.*A

5%

25%

25%

200

24%

12%

5y»

5 Va

115%

;

26

■■

115% 115%

13%

.

3

<

1?%,
*121%

123

5%

24

;

3

3 Va

12%

5

5

24%

.

12%

*121% 123

18%
123

5VB

3

4.;:v

700

*13%

14%

*121%

*

59

13%
24%

3

Shares

125%

59%

13%

*18%

18'A

123-

*23%

100

24%

*2%

3

*2%

share

100

*125

100

99%

for

the Week

Apr. 1
$ per

125%

59%

125

125

Sales

Friday

Mar. 31

13%

13 Vb

24%

160

300

Thursday

*24

13%

>24 v

1

60%

59%

127%
101%

$ par share

60%

59%.

125

99%

100

97%

PRICES

$ per share

S per share

1,200

.1,300

127 '/a
*$6

127%

Mar. 30

Mar. 29

S per share

v-

Wednesday

Tuesday

Mar. 28

8%

45 %

,t

97%

98%

300

8%

45 Va

8%
46

45%
*127

127%

*96%

124%

58%
*99%

*8%

.

&

*126%

v

Monday

t per share

9

: 46%

46

47

*95 %

95%

87/a

9'A

*46 VB

98

98

g»tarday

*124%

No par

;

preferred
(H L)

6,100

38%

Green

3

31,300

42%

Green Bat & Western RR

—_

10

37%

37%

.10c

com

100

139%

38%

5

.

Co

•

*139

43'A

'

••

*139

139%

*139

bUU
1

42%

Co (The)

Great Western

3

29%

Jun

18%

38 Va

Gt Northern Iron Ore Prop—No par
Gt Northern Ry 6 % pfd
No par

13

60

77

71

27%

100

—

preferred
Grayson-Robinson

7

Dec

50% May
23 Vb Jun

36% Feb 24

16

145 V2

71

28%

38%

Inc__

3%%

34% Mar 24

6

Jan

-36%

Feb

71

28%

No par

City Steel

(W T)

160

71

28%

43 VB

Graham-Paige Motors—
Granby Consol M S & P
Granite

8,200

71

28%

42%

Telegraph Co

Union

9V»

9

9«A

71

28

37%

Brewing Co__

Grand

1,200

71

No par

Corp
(The) com
conv preferred—

$5 preferred

20

11%

11%

11%
'

162 Va

28

10c

com

Gotham Hosiery

25

95

9%

*162

3,100

10%

10%

10%

71

No par

Goodyear Tire ft Rub

13

20% Mar

1,500

27%!

No par

—

(B F)
$5 preferred

7

Apr

100

43 Va

104%

42%

1

Goodrich Co

18% Mar 29

18

106%

43%
*101%

16%

9'A

8%

8%

8%

8%

*106

162%

*162

10%

8,700

44%
104%

*10%

10%

10%

10%

10%

<

*101%

162 %

*162

15

38%

Co

common

Goodall-Sanford

7% Mar 31

Oct

132

8%

10%

10%

10%
162 %

15

71 %

No par

preferred

4%%

3

18

»

10%
*162

i

2,400

*71

preference—No par

Gold ft Stock

7

Jan

101

$4.50

Goebel

5

5%

Feb

-

*10%

8%

10'A

44

45

103 V4

19%

106

106

106

44%

*101%

200

29

71

10

Glidden Co

17

Aug

xl2

8%

103%

*105%

44%
103%

44

*101%

162

162

10%

*10%

No par

Gleaner Harvester

45% Jan 26

11

conv

Gimbel Brothers

7

23%

40

10 Vb

10%
163

<

8,600

.5%

5%

19%

28

Gillette Safety Razor-

105'A

Mar

44

■

*28

71

7
13

5%

I 29

103%

10%
163

Georgia-Pac Plywood ft Lumb Co.l

Dec

9% Mar

106

*43%

: -

f

**27

7

Mar 24

Feb

15 VB

106

100

Corp

preferred.

7

64

.

20

42%

preferred
preferred

17% Jan

3
10

5%
28%

500

37%

Utilities

4 %%

12

Feb

5%
28 %

5%

400

18

42%

com

Cement

8%%

Jan

V

200

15 .7,

15
*17

29

5%.
*27%

28'A

28 %

LOW AND HIGH SALE

Gen Tire ft Rubber Co

6% Mar 30
116

5%7<

5%;

.

■

*105%

*105%
*101%

Mar. 26

Advertising

3

53% Mar 25

3

Mar 24

56

5

15 %

>

5%

28%

15%

*18

18 7i

14%

>

series—

19

Dec

15

•

•i

*38% •V 39

.;

18%

15%

15 Vb

17%

15 VB

100

Refractories.—

4%%

25 % Mar 29

14% Jan

.

Oct

96% Mar

*15

38%

20%

No par

Gen Time Instr

31

21% Jan

3

5% Jan
110

Aug

38% Mar

r

48 Va Jan

Oct
Nov

24% May
64 Va Oct

14%'
17%

38%

39

*38%

39

*9

'

4

Jan

9'/b

V

100

General Shoe Corp__
Gen Steel Castings $6 pfd
General Telephone Corp

5

76

23

24% Mar 28

113

Jan

9%

7?

*101'A

1

Corp
Railway Signal com—
preferred
Realty ft Utilities

General

1

17% Jan

•

17% Mar 28

May
55% July

Mar

12% Feb

25

27%

Jan

73

Jan 24

9% Feb

7

11*

'Jan 27

102% Jan

<

Public

16%

9%

20

STOCK

Corp

Portland

200

1,400

16%

9 Vb

9

•A' 15

No par

preferred;
Outdoor

9,500

9%

16%

16%

9

37%

6%
Gen

22% Mar 19

3

71% Mar

Jan

25% Apr

3

Jan

18

76

122

iv

100% Mar 16

;

Gen

5% Mar 17

10

22%

Gen

&

123

YORK

$3.75

6%
16%

6%

37 VB

<

Motors

6%
*16%

15

—No par

Gen Precision Equip Corp
Gen Public Service—
•

7

Jan

■

6% May

102%

20% Jan

24

121% Mar 16

24%

1

13% Mar 11

General

3,500

6%

7

16%

20

Par

Jun

66

6%

6%

41 VB

share

125%

•

6%

14%

EXCHANGE

Oct

119

360

37%

preferred

conv

4,200

6%.

*16%

.:

STOCKS

Year 1948

$ per share

com

preferred

3%%

Range for Previous
Lowest

Co

Corp

$3.50 preferred

13

19%

76%

No par

General Mills common

Electric

General Foods

19%
*76'A

50

General Instrument Corp

52% Jan

6

20%

77

No par

25

Jun

Jan

800

20'A
77

19%

•

100

May

43% Mar 31

12%

14%

No par

preferred

General

*12 Vb

100

General Cigar Co Inc com

139% Mar 31

19

*43%

12%

19%.

No par

com

43%

12%

14%

44

1,000

43%

19%

106

700

9 Vb
44

14%

*43%

5

2nd preferred—

conv

9'/b

20

106

5

800

10%

10%

9%

'14%

5

35 Vb Feb

Feb

97

133

Jan

79% Jan

24%

10%

*9 Vb

*19%

_No par

General Cable Corp.
4%
1st preferred

Nov

*24

10%

6%

38%

5 Vb

24%

*24

6%

14%

>-

4,800

6%

17%

*27 Va

1,020

24%

19%

1

.100

common

preferred

5%
28%

92%

24

6%

-15 V;,'.

..

*92

24%

6%"

17% -17% v

••

110

92%

24%

77

*38

*14

17*%
-

9

*37%

•

T5

6»A ;

.

16%

9

•.

4,000
6,100

83

83

6 VH

*16%

9'

•38%

\

*27%

No par

•_

10

.9

72%

4-

£

>.

Co

..

1.66%

Transportation

Baking

;*i*7

50*

General Bronze Corp

28 Vb

31% Mar

Amer

$4.25 pfd series A

11% Mar 31

9% Feb 24

i

Inc* com—i_l

$4.50 preferred
General

24

163% Jan

'

:

_No par

General American Investors com

11

10% Jan

6

*37%
*l4

_Nopar

Gaylord Container Corp

8

Jan

7

Jan

10

Dec

106

—50

,

«

•

10'A

23%

10 Vb

x23 %

84%

6%

6%

*6%

•%v6v%-

16%

:

*16%

•:v* 9;.y

4% % -conv preferred

20

46% Jan:

10

:

Co__l__i

19%
77

61/B

'

_i_5

(The)—:

Gar .Wood -Industries

Mar 26

106

15

102% Feb

Co

6
-

19%
77

6%

*6%

1

20

l—s

com.

preferred-!

conv-

Gardner-Denver

4

23% Jan1

,

5%

Game well

3

3 <

18% Feb*

May

.y-'-

^

19%
77

77

__i
'com

Gamble-Skogmor Inc

Mar30

18

13 Va Jan

53 % May

159%

-

5% Mar. 28

11% July

Apr

9% Mar

25

27% Jan

May

106

Feb

146

9% May

1105%

Dec

42

100%

Feb

13.

Jun

(The)
(Robert)
6% preferred

10

15% Jan

16% Feb -18 V5;

Feb

Gair Co Inc

9% Jan

*

100

Gabriel Co

41% Jan

3

37% Mar 19

Nov

17
10

17% Jan i. 6

Aug
17 % July

12%

•

v

4

Jan

9

Feb

7% Jan

7

6; ? Feb< 21

16.% Mar.

48%

■

16 Va
-

V:

1

common—

600

4,000

43 Va.
12%
20%

19%
76%

Co

preferred

%

10,000

*91%

25%
24%
10%
9%

12%

68%

10 VB

23%

10

10

25
*24
*10%
9%
43 Va

25%

12%

10% May-

15

23%

43 %

10% May

15

1,300.

26

14%

9

12%

20

26

15 VB

83

43'/a

•

26

23

7

130

20%

25%

8%

_10

6,500

13

20%

12Va

Dec

100'/a

100 Va

700

20%

43

Dec

27%
100 Va

19%

12%

Dec

27

*100

13

43%

6Va

27%

13

43%

6%

27 Vb

16

13%

*12Vb

16%

1,100

53 %

13%

Froedtert Grain & Malting Co Inc_ 1
Trailer

59%

*15%

15

Freeport Sulphur Co

4%

*

15%

13%

12% Mar 17

Aug

59%

15%

26 15%

44% Mar 22

Dec

100

59%

26
15%

11

Feb

X38i

4,300

25%
15%

11% Jan:19

Oct

500

48 Va

100 Va

12% May
24% Jan

•:»

67 %

107 Vb

25%

8%

v

3,800

*106%

100 Va

9

*8%

16 Vb

16 Vb

25%
14%

*25%

*

60

700

18

106%

84'/a

—1

97 Va

18

18%

106%

23%

.

*96%

98

67%

23

25

5,500

*47%

*83

_No par

25'A

16%

84

prior preferred

25%

25%

600

50'A

23

Francisco Sugar Co___
Franklin Stores Corp

1,600

67%

common___10

Corp

400

4%

16%

23

*8%

17'A

*4%

4%,

49%

*83

1

Chem

36%

*16%

1%

*66%

100

Machinery &
conv pfd
3%% preferred

3%%

3<j Va

17 VB

18%

Corp__10

Inc

Food

5,000

36%

*a£%

20%
9%
23Va

Corp

Food Fair Stores

26% Mar 17

9

May

47%

Jan

11

23

16% May

8% Aug

22

Mar 10

19% Feb

38% May
25% Jan

Steel

7%.

27%

27%

35,100

12 Vb

4%

*106% 107%
60
60
*15%
15%
27%
27%
*100
100'/a

*106% 107%
59%
59"%
15%
15%

1,800

1%

12

1%

1%

19%

13%

Corp

15%

1,400

11,200

26 Va

100 Va

*100

14%

12% Dec

Power

49

39'A
24%

14%

25%

3

96%
18%

18%
15%
67%
49%

vv

13%

100%

No par

28

13% Jan

25Va

96

15%

26%

*106%

No par

Florence Stove Co

*66%

15%

107%

25% Mar 19

6

96
*18%

59%

*106%

4%
25%

25%

25

15%

48%

(The)

■

96
18%
14%

*59%

67%

48%

36% May
15% Jun

Jan

16%
4%

par

67%

48"%

preferred

1%

67%
48%
107%
59%
15 %

*67

25

com

Carpet Co
No
Flintkote Co (The) common__No
$4 preferred
No

100% Mar 17

7

98% Jan

May

1%
12

39%
2.7/b

26%

5

First National Stores

14%

26

24

26%

100

Rubber

107%

Jun

23%

26 Va

39%

24%
26%
1%

100

Nov

53

39%.

*26%
1V«

7

5

com

Mfg Co
Ferro Enamel Corp
Fidelity Phen Ftre Ins N. Y

Mar 24

40%

237/a

26%

No par

preferred

42

17% Jan

Truck

Felt ft Tarrant

53%

26%

40

24%

26%

*11%

5

38

40

22%

26%
1%

22%

26%

16

3

39%

' 21%

26%

39

393/3

*22

Corp
1
Televis'n & Rad Corp__l

Fedders-Qulgan Corp
1
Federal Mining & Smelting Co__—2
Federal-Mogul Corp
5

35'A

39

21%

26%

39-%

20

Brewing

14% Jan

7vl77 Mar 23
Mar

Morse

Fajardo Sugar Co

10

8,100
1,500

93

20

13

48 %

10,700
'1,000

64%

15,300

19

17,800

f

Highest

Lowest

$ per

$ per share

share

$ per

$ per

share

Monday

Mar. :><}

Mar. 28

EXCHANGE.

$ per

H
31

Feb

35 Va

Oct

15%

Nov

22 V«

Sep

12 Va

Dec

16'A May

12 3A

Dec

x147/8 May

4

11

12

Mar

89

Jan

73

Jan

Feb

107

Jun

105

Feb

1

21%

Feb

27%

Jun

% July

150%

Jan

Dec

34 »A

4%

Dec

8

Jun

Dec

79

Jan

59

May

14

Feb

11

Jun

6% Feb

25

Jan

19% Feb

3

Oct

20%

27 'A

July

20% Jan

Hayes Industries
Hayes

7

23% Feb

13

91% Feb

84

Jan

Dec

42

Jan

30

Jan

3

Jan

103

May

98% Jan

14

22 %

Nov

Nov

23 V'4 Jan

4

28% Mar 30

91

Jan

24%

17

Helme
1%

Oct

34% Jan

6

38% Apr

22 Va May

13% Jan

4

14% Mar 30

Hercules

46% Jan

18

Hercules Powder

127% Jan

27

Dec

57%

Dec

128%

Feb

25 y4

Oct

30%

Apr

114

Mar

17

Nov

Apr

123% July
27%

Jan

40 % Mar 25

122% Feb

15

26% Mar

116% Jan

15

17%

Nov

28% May

18% Feb

Oct

86%

79% Jan

3

9

Dec

28

,

Mai-

12 y4

Feb

9%

14%

Jan

8% Feb

Jun

30% Feb

16

25%

Jan

18% Mar

Holland

7.
18

Hollander

21*

24% Mar 10

1

Nov

42%

Feb

34 % Jan

39% Apr

1

24%

Nov

35%

Jun

26% Mar 29

Jan

13

jun

3

25

32% Jan

15

29'A

Dec

46 V2

Jan

30

Feb

11

Nov

34%

Jan

28% Jan

6

32% Mar 31

6

95% Mar 14

81

94%

Jun

49

Oct

Oct

43% Mar 10

48% Jan

19

Jun

29 % Feb

35% Jan

12

Houston

Oil of Texas v't c_

Stores

86% Jan

Feb

38%

14

Dec

23

Jun

14

33

Jan

47

Jun

38

••'"'

3%

8%

Sep

Dec

8%

Sep

14% May

34%

Jan

50

Nov

22%

Jun

19

Apr

Dec

12%

7

3%%

Jan

20

Howard

20

Howe Sound Co

5% Mar 16

8 % Jan

5

9% Mar 14

11% Mar

3

47% Jan

7

15

1

37% Feb

25

Dec

/

Dec

12'A

Sep

2

5

;

Feb

28

Feb

14% Jan

26

8% Feb

11

9

May

14%

jun

2

5%

Lowest

jf

per share

30%

$ per share

Lowest

Hupp Corp

Jan

7

Hussman Refrigerator

32 Va Jan

28

35

22% Feb

24

30% Jan

27% Mar

62%

Feb

90

95

Sep

24%

Jan

97% May
37% July

26% Aug

July

30

May

77% Mat

25

25 3 4 Jan

4

Feb

24

21% Jan

4

9%

12%

Jun

Nov

25 Va

jun

7%

Nov

15%

Jan

7% Feb

38 %

Dec

56

Jun

33'A Mar

58%

,

Feb

20%

Nov
Feb

150

76%
160

Jun

«

Jun

47%

34% Mar

Nov

Feb

21% May

6%

Feb

8% May

13

Dec
Dec

1%

;

23 %

May

103

Jan

3% May

Dec

11'/a

Feb

16% May

/
Y,

3

v;v:8/

Jan

Jan

-42% Mar

5%
52%
39%

31%
31%
94
45

Ravon

14%

14%

40%

*10

2 Va

401/4

39%

39%

39%

11 V'4

11 %

12%

12%

12%.

11%

12'A

1014

10%

10%

10%

10%

10

10

2%

2'/4

2%

2 V'4

2%

*2 "4

2%

5.500

2Va

*11%

11%

11%

11%

400

*11%

11 %

2

11%

11%

11%

*11%

AND HIGH

Tuesday
Mar. 29

Monday
Mar. 28

34 Va

35

34%

34%

33%

33%

*33%

26%

26 Va

26%

26 "4

26%

26 Va

15.400

26

261A

25%

78

78%

1,100

98

,

78

*95

'

78

78

*95

98

*95

35

35

37%

15

15

14%

*8%

8%

8%

-

*1%

26

*80

83

1

4

4

...

Feb

"

1%

12%

154%

155%

1100

*138%

139%

.48%

49%

48 %

$4 preferred

Mar 26

Co

com.

8

Int'l Rys of Cent Amer

Feb"

9

preferred—.
100
International' Salt——_L—No par

3'

49% Feb

10

32

'Jin

4

51
44

Feb
Jan

57% Jan
34

Jan

17

International Shoe

13

International Silver common.

1
25
International Telep & Teleg—No par

Nov

16%

Jun

8% Jan

3

10% Mar 30

8%

Nov

16%

Jun

8% Jan

3

7%

10% Mar 30
20%-Jan

preferred

20

3

29

Feb

1

Mar

3

32

Jan

21".

Mar 30

148

Feb

2

$6

5% Jan

8

Jacobs

Jan

145

May

4%

Dec

10

May

3% Mar 23

Dec

23%

Jun

13% Mar 11

Dept

ctfs—J
Stores^

9%

9%

4—No par
4.—NO par
No par

preferred

34

—1

90

1%

1 %

13%
155%

156 Va

157

155%

25%

24%

167%
6%

24%

167%

167%

82

29%

4

50%
98

61/2

*6%
671/4
58 y2

58%

42%

42 7

52%

52 3 4

42%
53

34

.

*33

67 >/4

a

4-

6 %

•;'*

49

*137

49%

48%

*96%

99

*97

18

79%

Dec

39%

Feb

,

89 %

Oct

Sep

42%

100%

Feb

1137/8

20%

Feb

35

99

Dec

106.

145

Jan

158

85

Mar
Mar

1

Jan

95% Jan

17

36 Va Feb

26

Jun
Oct

May

Jersey Cent Pwr & Lt 4%
Jewel Tea Co Inc com—

2,

47

Jan '

Jun

99

33%

3

81
44

May

48

Jaeger Machine Co_j—.

24

24

Jan

May

92%

18% Jan

100

3%%

Mar 18

40% Jan
110% Feb

3-% %

23

Jan

7

Jan

27

31% Jan

28

Feb

15

104 y4 Mar 22

108

102

36

159% Feb

21

159% Feb

39%

Oct

28% Feb

24

33 y» Jan

Feb

93 %

Apr

81% Mar 23

Jan

Nov

43 %

Jun

36

11%

Dec

21

' Jun

Feb

7

86

..100
No par

.100

preferred——.

6'A

66%

59%

42%

42%

42%

51%

53

*50%

52

34

*33

34

42

10%

10"/.

10%

37

.

*108%

*32%
*104

RR stamped—.100

Jones & Laughlin

5%

*99 %

.

10%

10%

10'/a

18%

18%

18%

18%

27

27

26

Via

26%

26%

26%

600

28%

29

28%

28%

28%

28%

1,200

*26

5%

314

3%

13/,

11%

*13%

14%

*13%

84%

83%

*153

100
37

109 %
34

105%
160

*99'/4

27'

•"'■■

28%

•

"

144

145

•>

vc

14'/4
84%

46%

47

*991/4

100

146

*144

145

*144

4

83%.

*82%

47

47

*46%

47

99%

99%

99V2

37%

37%

381/4

*108%

108%

108%

*107

*153

160

*153

33%

321/4

33

109 Va

32%

105 %

*104

105%

*104

160

*153

160

99%
38

37

1091/4

33%

'

*153

28%

29%

30

29%

30%

2"%

30'A

83

83%

83

83%

83

83

1

38%

38%

38%

38 3 s

39

10%

10%

10%

11%

11'/a

1.0%

11'

•10%

*10%

11%

10

97 Va

*96%

97%

*96%

97%

*96%

97%

*102%

1031/2

12% Jan

Kalamazoo Stove & Furniture

39

1,100

33%

82 Va

391%

200

160

82%

39

6,400

105%

28%

39%

37%

109'A

*33

28%

,

80

37

*107

*153

82%

Manufacturing Co

39%

29 %
*82

38%

29%
82%

10y4 Feb 28

8

Kansas

Nov

x89

98

May

94

% Jan

12

40 Va

100

*53%

55

*53i/2

541/4

*52 %

5

13

*12%

13

Kelsey Hayes Wheel conv class A_1

*12%
*18%

19%

*18%

19%

1

15%

15%

151/4

151/4

Jan

24

7

Kayser

21% Jan

8

17% Jan

7

Dec

18

May

12% Mar 24

20 %

Feb

26 Va

July

18% Mar 25

15%

Dec

22 %

July

14% Feb




39%

14% Jan

60%

137/a

For footnotes see page 26.

39 '/8

56

48% Mar

Jan

39%

3

Oct

52

*96 Va

*102iA

*39 y8

Mar 29

Dec

48%

Jun

97%
102%

City Southern com..No par

3.80%

Mar 29

41

101%

Feb

100% Feb

9

103

Dec

23%

x34% Feb

99% Feb

11
24

98%

7

4%
;

City Power & Lt Co—

4%

preferred
preferred—

cum

Kansas

non-cum

Class

(Julius)
B

preferred
&

Co

100
—100

*96%
*102

103

103

103
41

54%

40

*53%

96U

7,200

11

700

*96%

97'

102y2

102%

310

41

401A

40%

40

40%

7,400

54%

53%

54

54

54

103

13

13

13

131/4

*18%

191/2

19%

191/2

'19%

15%

15%

15%

15%

15%

12%

11

15,800

39

K
May

500

99%

*104

33

82

Joy

80
'

47

160

28%

40% Mar 16

47
*99

105%

Steel com—No par
—100

preferred series A

3,700

83%

37%

*104

20

14'A

*82%

109 V'4

34

3%

*13%

83V'2

83%

.

371/4

IO51/2

3%

14'A

-

14'A

1091/4

*32%

4

400

146

3%
*13%

3%
*13 V'4

36%

"

*104

5,400

10%

18%

*141%'

V;

87,900

10%

145

47

10 '/2

10%

*141 »/2

100

1,700

34

10%:

28 "4

83 V'2

52

*33

120
800

1,900

10%

29

*46%

42

51'A

42%

*18:»%

281/4

47

400

1,200

18 %

27%

84%

14,600

99

10i/B

26%

47

210

49%

10%

26 Va

*83

3,500
18.200

9=« 4

26i/2

*

4 Va
28%

138%

,18%

9%

18%

3%
*13%

82

9%

9%

9%

% *181/4

A_„YlOO

2nd preferred series

Joliet & Chicago

3

30%

4%

7

83%

No par

Johnson & Johnson common—12%

21

29% Mar

No par
pfd—100

preferred—

Johns Manville Corp-com

7

1

2,000

66%

v

*

-zCLi

(F L)C6_

3,700

">57 Va

63a

58

/

300

6%

58

67

58%

1

1,800
20.400

26'A

6'A

68

68

24%
168 V4

68

6%

Va

4

28%

138%

*57%

*33

34

6

*80

29%

♦137

139%

26

4%

28%

29%

98

138 3

6%

•

10,300

154

24%
167

82

*80

■-

4 %

153

%/

26 %

26

49%

6

-

6%

6%
27

4 V8

25

6,400

13'A

13

167%
6%

70

1%

1 Va

13%

1,300

91

91

1%

13%

14%

*14

14%

90

9814

9%

145

14%

91

50%

18%

*141%

14%

91

98'A

*9%

27%

1,200

49%

*18ya
*26

8%

Vi

53

9%

8%

29%

42%

•;

8%

139 %

.4*33

42%

52%

6,700

8%

8%

*80

:

4

58%

58 Mt

y8

*33

Intertype Corp
Island Creek Cdal common—J50c

Jan

137 Va

25

.1.

share

Foreign
Interstate

■

f

7,100

15%

27

68

*67V4

58

52%

*42

No par

27:

2711

8%

17'

58

37%

14%

28%

49

6

68

*67 %

5%

"37'A

*138%

99

Y *98

6%

*6

com—No par

7% Feb

99

99

No par

—

82
•'

163

158

163

15%

139 V2

*138%

15

—:

International Paper

4/

2,300

37%

28%

28%

28%

/

27

27

61%

151/4

13»A

24% *

*80

60 '/a

37%

1%'

i%

12%

4

3,100

62

14

13%

82

•

3%

500

38

16

8%

91

26V4

26
*80

28 %

Preferred

8

7

71

'•••;

Int'l Nickel of Canada com..No par

531/4 Jan

31

Jan

*25%

—100

_

7%

37%

37%

8%

Int'l

6

3,400

25

38

*158

163

15%

8

1.

6

7%

7%

420

37%

15%

24

X25

26

*158

6%

*166

*7%

36%

13%

24 '/a

24%

7%

61.1/2

91

155

25%

62

12%

12 %'

2.000

37

1%

154

11,000

9'/a

61 %

13%

*1%

'. 1%:

30%

9V2

36%

91%

*13%

♦'*91

29%

9%

7%

8%

8%'/

301/a

25%

15%

14%

a

9%

:7%

I63
37%

37%

37%

37%

24

61

60 '/a

>158

163

*158

163

3714

98

*23 Va

36%

361%

60 VA

601/8

60 V4

60 %

*158

*95

23%

29 7

9%.

98

231/4

9%

/

168'A

4

*95

25%

91/2

*7%

35 Va

*7%'

25%

7%

25

7%

34%

9%

25%

*9'/2

9%
25

7%

6

99

*77%

98

;

78

9%

167

5

78

78

98

■*

*77

78

*?5

No par

Corp

3,500

34

34%

14

Mining

Shares

25 Va

91%

preferred——•

the Week

34%

preferred
1———„ 100
Hydro-Electric Sys class A—25
Minerals & Chemical com—5

4%

share

for

Sales

,

share

25%

*91

International

$ per

34%

6

81% Mar 11

Apr. 1

Mar. 31

$ per

1,800

Friday

Thursday

$ per share

$ per share

$ per snare

167

143

SALE PRICES

Mar. 80

5%

Jan

10%

.

Wednesday

>

166 Vi

35

144

39%

11%

166 %

29

200

6,700
39.200

40%

Int'l

7%

3,300

10'A

40 ft-'"';

2

*9%

l

common

6

6

*9'A

11

rY 10%

10%

*77
.

.—20

Iron

4/200

*25 Va

No par

Rubber

39

*33%

'

No par
——100

i__

200

38

40%

.

1

...

8.300

15

10%

10%

$ per share

2.Of 0

32%

6%

24

65% July

25

40%

4

14 'A

10%

20

Mar

39% May

6%
*9%

71/8 Jan

Mar

Nov

6 %

ioy8

170% Jan

30

29

6 %
10 y8

3

43

24

40'8

740

6 Va

*10

101/4

24

5% Mar 23

Jun

*9

101/2

6V8

6%

6

10

45 3

32%
*

39%

39%

40 '4

40

1,100

45%

15

*14V4

15

*14'/4

14%

39%

23%

66% Jan

35 %

33%

12'%

Jan

22% Mar

33

23%

94

181/4 Feb

33%

155%

3

26% May

45

32 yB

12 Va

7

17% Mar

45%

33%

23 %

Feb

41

451/4

32%

155%

45

Jan

45%

32%

No par

1371% Jan

Mar

451/4

321/a

No par

139% July
64% Jun

45

45%

45

45%

—No par

7

Nov

94

Harvester

311/4 Jan

Jan

32

*92

Business Machine..

24

57

*31%

94

Int'l

27% Feb

Jun

32'/8

*92

94

*92

Int'l

Oct

64

31%

94

401/2

*13%

Interlake

10

Jan

32

31%

*92

7

4% Jan

Jan

31%

x31%

14%

common.——5
preferred.—l_—
—100

7

162

17

May

/1,400

25

5

26

14

31%

Jan

13% Jan

11

3% Feb

107%

11%

*30%

28V8 Jan

Feb

23% Mar 23

24% Mar 10

Dec

xll%

31%

25

Intercontinental

73% Jan

July

12%

31%

30'/a

8

JUn

99

12%

31%

94

A

600

12%

31%

31%

J

900

107

12%

29%

2 % Jan

xl 45% Jan

107

.26'A

3.000

*39%

12

107%

*107

108

108

14%

*11%

26

'

39%

*2

5,900

26%

it 31%
V? 93
%

32%

400

38%

39 %

311/2

31

:

31%

3L,

.

1,600

27 Va

381/2

121/4

12

11%

*11%

20%

2 7 Va

38%

23 '/4

iy8 Mar 31

Jun

Dec

65

12

19%

27

*26 VA

27

*26%

108

107%

108

108

800

20%

39%

38%

100

23

600

27

301/8

4%%

5% May

Feb

*26

26%
108

10%

Interchemical Corp

*

86

26%

271/4

*

Inspiration Consol Copper

38 M

34 %

39

26 V'4

Mar. 26

vv

Insuranshares ctfs Inc

93

24% Mar
135

,•

'

Dec

38%

14%
23

9%

*19%/.

23%

25

164 Va Jan

Mai-

38%

38%

14%
9%

27

*26%

22%

26

5% Feb

27

38%

19%

19

18 «/2

27

29%

15% Jan

Jun

18%

27

22%

92% Jan

Jun

18%

*26V4

29%

11

12

*18 Va

22 %

13% Mar 23
86 % Jan

9Va

Dec

-

9%

9%

9%

10

29%

Inland Steel Co

8

174%

3%

9%

29%

Ingersoll-Rand common—
o ve
preierred

8

16

Oct

156

Nov

Feb

9%

9%

22%

3

Mar 16

8% Feb

Jun

71

23y2

9%

29%

Tnrinstrfal

18% Jan

x34%

23%

23%

*9%

*21%

7

14% Mar 22

Feb

5 Va

*23%

*10%
<

!

41% Jan

Jan

23 3 4,

Indianapolis Power & Light—No par
Industria Electrica De Mex, S A—

7

41-% Jan

23%

Saturday

A—

4

67

23%

2,600
400

32

*30%

14%

*14%';

1000

series

Co

14

160

*22%

231/8

23%

40

common.

10

3

14%

No par
Illinois Terminal RR Co.——
5
Power

31

32

6

.—20
100
conV pfd ser A._100

ctfs

stock

RR

Mar 30

11

31

*30%

90

9'/a

*9

9

*14%

24

Illinois

83%

9

9%

*9%

,

No par

8% Jan

Jan

Dec

160

21

4,500

83

14%

39%

6% non-cum
Leased lines 4% „——_—_—100

30% Mar 29

60% Mar 28

26%

t-

4

36% Jan

155

125%

,

7,

Jan

8C0

20%

30%

•■'93

Co

Power

19%

19 %

8%

18%

290

83

30%

'

1,800

*18%

19%

83%

9V'8

Va

9

121

21

20 '/a

83%

29%

121%

29%

29%

120

127

127

127

*19

19%
21'A

*83

84

*83

5.0C0

*141,4

*14

Y : /■

•

19%
20Tb

-/

*

21

20 %

2,400

42%

121%. 122

122

122

19%

*19
"■

14%

42

291/4

29%

28%

.14

*126

126

126

28:%
121

121

121

LOW

Illinois Central RR Co

Jan

10 Va Jan

126

28%

14 %

42%

9'/a

*31%'

STOCK

YORK

EXCHANGE

Idaho

96

26

*124%

28

411,4

14%
•

14%

"

15 %

86

9

41%

125

800

421/4

14%
43 %

30%

*31%

HfllSl YYY
J—i.—_*

28.% Jan

';

4

20% Feb

Co

13%
42%

13 3A
*42

*8%

*11%

Par

7

84

.2

Jan

.96

38 3 8

STOCKS

:

.«

381/4

•30%

*26

,—6.66%
—
•
1

———

NEW

'

Jan .7

Jun

38%

50

38%

*37%

*13%

*107 %

100

Hunt Foods Incj—■+,

42% July

35%

Apr

6,600

38%

9 Va

45

$ per share

$ per share

340

27%

*37%

14%

*38 %

Nc par

7

Highest

>

99 %

27%

32

1
—-5

Hudson Motor Car

7

6

.

-

98%

28

13 %

*26% :/274.';j

Hudson Bay Min & S111 Ltd—No par

Range Since Jan. 1

Highest

99

27%

*37%

"*32

preferred

non-cum

Range for Previous
Year 1948

99

28'A

13%

25

—

11% Jan
14

7

11% Feb

99%

27%

*13

No par

Corp.'

2% Jan

/

35

*98%

26%

*37% ,38%

*18

Hudson & Manhattan common..100

■

-10%

—

46% Jan

Mar 23

Apr

35%

99

26:'-,j.

13%

*9%,

<

100

preferred
Houston Light & Power

Mar

20%

& Sonsi__Y——„5

(A)

pfd series A $4.50 div_.No par
Houdaille-Hershey com
No par
$2.25 conv preferred——
50
Household Finance com
-No par

12% Mar 30

27

38

35'A

35

36

99

26

*22%

2nd

Mar 28

108

Jan

10% Feb

102

*35

*35%

99

38%

*8%

Holly Sugar Corp
—
10
5% conv preferred
30
Homestake
Mining
12.50
Hooker Electrochemical Co—
5

Dec

36

100

351/4

*20%
r

5

Co.—

Furnace

10% Jan

18%

91%

*13%

;

_1

The

27% Apr

103

*90

*13

5
Co—..—.10

Paper

E)

(C

22 % Jan

Dec

91%

84

8

Dec

*90

84

Oct

.

91%

84

30

11

*90

*90

19 Va

30%

99

91%

2Q%

911/2

20

29%

<

*22 Va

19

Feb

29

23

19%

Dec

3

*221/4

121

Dec

9% Mar 28

23

19%

15 Va

Jun

*22%

19%

25

'

22 %

30

23

22%

120%

11

14 % Jan

24% Jan-

7%
20%

19%

Dauch

3,409

7%
20 V8

*19%

&

20%

7%

120%

Co

9,800

20%

1
—100

Hires

1,400

7%

7%

5

Hilton Hotels Corp.—

8'A

7%

8 V'4

25%

25%

*82%

67'A

*7%

*66 V'4

8%

201/8

—No par

Inc..—

*661,4

671/2

8 V'4

7 %

28

Chemical Corp—
3%%
cum preferred—

67%
8'A

5%
67 Va

211/4

40%

Heyden

1,600

7%

124%

Hewitt-Robins

600

5%

99

99%

41%,'

23%

5V'4

81/4

*37%:

,

23%

51/4

20%

*90

36

*98%

..100

23%

5 '4

23:%

5 '/a

22%

*21 Va

91%

*35%

No par

common
_—<

40

23%

681/2

5

1,400

22%
148

*23%

51/8

.

"70

105

*22

*147

351/4

*90

*25 Va

*147

148

*104%

22%
148

7

21%

22%

*21%

15
100
25
100
—_10
new—25
No par

105

*22

3,100

22

7

7

23

8

29%

Hinde

2

22

105

22%

*67 Vi

5%
68%

*7%

6

7

29% May
16% May

-•

5 Va

*671/4

8

*21%

5

Co

5%

68%

*7 5

41%

7

3

Mar

.

78

7'%

*5 %

*67 %

1
100
1
2

class A

*75

105%

*147

147

23

23

*22

22%

12%

12%

13
78

•

22%

22

147

147%

147 y8

148

124%

11

22

*22

*28%

preferred

Feb

12% Jan

*147

21%

211/4

21V4"

21 %

211/4

—10

Marx

$4 conv preference....

15

26

32

*12%
*105

Motors.———

9% Jan

23

37

Dec

21%

Jun

Jan

21% Jan
7
84
Mar,28

9

78

13

124 %•

5%

21% Jan

122

5

Feb

xl8

1.400

13

12%

Hershey Chocolate com——No par

29% Mar 31

1

13

78

13

12%

77%

preferred

35%

Dec

41%

13
*75

13

12%"

1051%

Inc

non-cum

Dec

13 Va
120%

*12%

12%

'75

common.

34 Va

1

800

13

*105

Glass

W)

(G

13

77.%

preferred

3.65%

1-

17%

13

105%

Heinz (H J)

Mar 30

36

100% Mar

17%

13

*105

preferred
Co common

3%%

24

Jun

29%
95%

78

4

17%

13

,"**75

Hecht Co common

4

17%

13

77%

Mfg Corp

Hazel-Atlas

22% Mar 14

17%

13'

105%

preferred

8% Mar 14

Jun

11%
26 Va

17%

*75

&

9% Jan

11%

33%

17%

*105

Hat Corp of Amer

Schaffner

41/2%

331/2

17 V'4

100

Hart

67% Mar 21

33 %

171/4

_100

preferred

4
19

5

32%

17 Va

*12%

com—No par

Eefrac

Feb

20

Jan

7

6%

32%

17

$4.25 pfd_/.No par

Co

A)

5% Jan

4% Jan

Feb

Feb

6%

(M

*32 %

32

32

*75

preferred

conv

Harbisor- -Walk

24% Jan

3

Mar

6%
x20

4%
Hanna

2

700

33

*

*32

32%

share

*12%

5

(W F>

Well

Shares

17'

No par

13

149

20% Jan
61

Printing Co

6

23% Jan

;

Mar 29

147

Jan

106 Va Feb

20% Mar 22

20%

146

Mar 29

81

24

xl01%

79

7

13

11% Mar1 4

Water

Hall

13 Va Mar

3

Jan

7

Oil

Hamilton Watch Co com

19% Jan

for

the Week

32

25
Cementing__5

Hackensack
Halliburton

33% Mar 30

Jan

16% Feb

31

$ per

$ per share

share

Sales

,

Apr. T

Mar. 31

Mar. 30

$ per share

Friday

Thursday,

Wednesday

Mar. 29

$ per share

$ per share

Par

share

SALE PRICES

Tuesday

Saturday

STOCK

YORK

NEW

Range Since Jan. 1
Lowest
Highest

Year 194rt

AND HIGH

LOW

STOCKS

Range for Previoua

1949

Monday, April 4,

CHRONICLE

FINANCIAL

&

COMMERCIAL

THE

(1460)

103

700

13

12%

12%

20

>191/4

19%

100

15%

>15'A

15%

700

1,000

COMMERCIAL

THE

Number 4791

169

Volume

NEW
Range Since Jan. 1

Year 194H

$ per

$ per share

share

$ per

x45

Kennecott Copper

13% Mar 30

Kinney

Oct

Feb

25

56% Jan

12

Apr

397/8 Feb

8

46% Jan

7

12%

Dec

16%

Oct

11% Feb

25

13% Jan

7

19

Feb"

24

May

19% Feb

24

22% Jan

11

92

Oct

93% Jan

5

14

104% July.
14%

Jun

12Feb

75

Jan

62,

Oct

29% Jan

3

66% Feb
31% Jan

91

5

98

16

38% Jan

20

Kresge (S S)

14

55 % Jan

20

Kress

7

37%

95% July

32

Feb

39%

Jun

x35% Feb

45%

Feb

48% Feb

40% Nov

58% July
49
Oct

Jan

3

49 % Mar 29

Feb

6% May

4% Jan

5

6% Mar 29

Jan

$ per share

S per share

46%

45%

46%

45'%

46%

46%

41 Ve

41'/a

41 Va

"41%

41%

"41 %

46%
41%

par

*12%

12%

12%

12%

12%

12%

"12%

13

"20

20%

19%

20Va

20

20Va

,

100 V

98

98

"98

99

"12%

13%

"12%

13%

13%

"61%

62%

"61%

62*/a

"61%

»2S%

30

39%

100

"95%

97

-

45%

20,200

41%

%

41%

30

c -

o*

99%

*98

13%
62%

30%

30%

97

99

30%
q7

37%

37%

37%

51

51%
48%

»qr i«»

*133/4

36%

37

37%

37%

37Ya

51%

50%

51'/a

51

51%

51% ' 51%

4--*—No par

48%

48%

48%

487/<r

49V*

49.

49%

133/4
62%

30

30 Va

30%

4,700

*95% .96
37%
37 Va

v.

30

30 Va

4,700

::•/

96 Va

48%

400

13%

62%

96%

37Va

330

100

*61%

14

62%

400

1,500

20'/a

20

99%

900

13

*12%

13%
62%

13%"
62%

30Va

.

.

13

20Va

"

48%.

.41

20Vs '

"50%

"37

,

45 Vs

46

41

Shares

20'/a

No par

10

45%
*12%

the Week

share

$ per

99%

*95%

v

Apr. 1

$ per share

20Vs

.x

100

"98

1

Co

(The)

Kroger Co

$ per share

Mar. 81

for

gales

Friday

Thursday

Mar. 30

46

No par
10

& Co

(S H)

Wednesday

41 Va

par

21

HIGH BALK PBICEB

Mar. 29

5

common—

26

Dec

43

Co

tit

$5

4

Nov

%

«vi

Jan

;

AND

Tuesday

Mar. 28

•

»

$ per share

par

Kern

prior preferred
Koppers Co Inc common
4%
preferred

Mar id

89

29

Par

99% Mar 17

60%
51

Feb"

Monday

Mar.

No
Count'y Land Co
Keystone Steel & Wire Co—No
Kimberly-Clark Corp com—No
4"/o conv 2nd preferred

Feb

Nov

Mar

Saturday

(1461)

RECORD

\vj

•

$ per share

40 Va

11%

STOCK

v

EXCHANGE

42 %

63

CHRONICLE

Low

NEW YORK STOCK

»

' Highest

Lowest

Highest

share

YORK

FINANCIAL

STOCKS

Range for Previoui
Lowest

&

50 Va

48 Va

70

2,100
1,900

50%
49

L
43/4

4% Mar 29

6

zi

Jun

12

Apr

24

Mar

17% Jan

4

20% Jan

21

Lambert

9% Mar

14

>/s May

9% Feb

18

11% Jan

26

Lane
•

43*

Oct

533/4 May

Jan

7

25% Aug

29% May

21

Feb

24

May

37

Jan

'4

42

35:

,

Mar

47

21%

Dec
Dec

99

10

Feb

.18% Mar

263/4 May

90

90% Jan

Jun

13% May

30% Mar

37-

Jun

4

8'A

1%

\

Lane-Weils
Lee Rubber

10

24

5% Jan

7

Lehigh Valley RR

Jan

8

Lehigh

Feo

28

3

12

$3

8% Jan

12

50c

22

Lehman

20

Lehn & Fink Products

56

May

42% Feb

14

12

May

8% Feb

21

10

Feb

Jan

26%

Jun

20 Va Feb

25

56%

Jun

44% Jan

4

10%

Apr

50% Mar 30
8% Mar 30

31% Mar

38 Va

Jan

34% Jan

10

37% Apr

1

91

Jan

81% Apr

1

88% Jan

22

Mar

3

14

175% Apr

Id

40l/2 Jan

Feb

24

10% Jan

70'A May

58

Feb

24

66% Jan

40

Feb

8

46% Jan

22

14% Feb

15

17

Jan' 7

73% Mar 28

78

Jan

13%

55% Mar

May
Jun

28%

Feb

55 Va

15%

Dec

23%. Jan

68 %

Deo

85

Jun

Feb

Jan

24%

Jun

16% Feb

5

21% Apr

14 Vs

Dec

20% May

14 % Jan

3

17

68%

63% Jan

5

67% Jan

Jun

19% Feb

7

23

213%

3

Nov

158

Jun

Nov

25

Nov

37

Dec

20

Dec

17

Nov

May

50

Feb

91

Sep

—,.35% May

Jan

28

158

23% Jan

4

27

153

Belt
Oil

Corp

Inc

Loew's
Lone

Star

Cement

preferred

7%

Louisville

Mar 14

Co

<A^J)

41% Jan

11

LouSviile

Mar 23

24

Jan

24

Lowenstein

14

98

Mar 28

8

k

-

98 Va

July
24% Jstn

"4%'A
Lukens

21 % Mar 30

Steel

■'

%

4u

Jan

Oct

129

L*eC

142

Feb

13%

Dec

3Q%

Mar

27%

Jun

3i Vb Ftu
131

'zo

Jan

10

12 % Mar 16

30 % Feb

3

36% Jan
137

Feb

15% Jan

M

MacAnarews

preferred

6%

4

Trucks

Mack

10

Forbes

&

1

.1

—

10 %

10%

10%

10%

10%

39

39

39%

39 Va

4%

4%

2

2%

2%

2Va

2 Va

2 Va

2'%
19

18%

18%

18%

18%

6%

6%

6%

6%

6%

45%

45%

46%

47%

46%

47'A

46 Va

9%

9%

9Va

9%

9

9

Dec

103%

Jun

95%; Jan.

^

Mar

25,

ADr

10% Jan.

3

13

Jan

22

Madison

xl6%

Feb

24"% May

Jan

10

Magma

Feb

21

Dec

1
10% Mar 23

20

9%

19% Jan

3

Dec

525

Apr

490

39% May

11

15% Apr

450

Jan

12

20

Manati

12

Mandel

7

15%

Dec

26

Jan

16% Jan

10

5%

Feb

14%

Jun

•6% Feb

10

May

8

Mar

21% Jan
17% Jan

20

24Jan

7

5

103% Feb

14

7

11% ^an
13% Jan

7

Martin

7

Martin-Parry

17%

Dec

29% May

92%

Dec

103 %

Jun

95% Jan

9%

Nov

22%

Apr

'9% Feb

11%

Dec

19%

Jan

10% Feb 11

Marathon

10

Midland

Market

St

Marshall

preferred
L)

4%%

24%

x24%

24 Va

24

24»/4

5,300

50%

50%

50%

24%
50%

23%

50%

50

503/4

8%

8%

8%

8%

8%

8%

4,700
6,400

36%

36%

82%

82%

82 %

173%

173%

36%
9%

9Va

64%

64%

45%

45

15la

15%

74

73%

15%
73%

_

40

*37 V*

*38%

9%

9'A

•

65

64 34

643/4

64 3/8

64%

1,600

46

45%

45%

44%

453/a

4,800

15%

16%

15 Va

15 Va

14%

14%

76%

*73%

*74

*733/4

76%

77 Va

100

21

20 "A

21 Va

20%

21%

25,200

16%

16%

16 Va

163/4

20,900

64

64

1,600

22'A

22%

5,400

21%

22

9,000

153 Va

155

19 Va

20%

16%

16%

16%

17

64%

64%

64%

64%

64 %

64'A

64

22

22Va

22 V8

22%

22%

22 Va

22 »A

21%

21%

21%

21%

21%

21%

22 3/a

Feb

69% July

47% Feb

11

57% Jan

7

Masonite

Dec

27 % May

13

21

19% Jan

7

Master

Feb

45

Oct

Nov

176

Jan

34% Mar 23

Feb

42

157

*155

157

"25%

26%

26%

157

*155

Feb

15

173% Mar 14

47%

Apr

38% Feb

16

41% Mar 21

84% Mar

93

Jun

89

Jan

4

94% Mar 22

26%

36%

36%

22%

23

36

36%

21 %

21%

22

23

97

98

97%

98

"20

20Va

20%

20'A

20 %

20%

Feb

93

Jun

89

Jan

11

93% Mar 29

$3.75 cum pfd

84

77% Aug

8%

Dec
Dec

33

Jan

80

Feb

23

12 % May

8

Feb

24

85

Jan

43%

110

Apr
Dec

41

Jan

112

21

Jan

%

31% Mai110

Jan

8

83% Mar 28
9% Jan

35% J* n

5

'

"136

25

Jan

$3

H

Co

1st

"99

12%

"6%
"17%

7%

20%
7'A
16%
22%

No par

Year 1948

Lowest

•

$ per share

25

Feb

88

Jan

29

Nov

Range Since Jan. 1
Lowest'
Highest

-

Highest

,

$ per share
36 % May

101%

Jun

Jan

42%

23% Mar

31

41

May

•

$ per share

33 % Feb

97% Mar

Jan

33% Mar

4
7

27% Mar 31
52

Dec

52% May

41% Jan

29.%

Dec

35% May

30 % Jan

4

87

Jan

98%

Jun

93"% Jan

12

18%

Feb

24 %

Jun

24%

Jan

8

17% Mar 11

15

Dec

80% Mar

23% May

Jun

96%

31%

Dec

46 % May

20%

Dec

25

Jun

17% Jan
Jan

30% Mar 11

34

Jan

Feb

24

13% Jan

Feb

11

49

13% Jan

7

19% May

11

Dec

62% May

45

Jan

18%

Nov

50% May

Feb

Nov

63% July
95% Jun

17%

Feb

35%

Dec

92

Nov

101%
13

Nov
Feb

38%

Feb

35

Mar

128

Dec

11

44%

Jun

34% Mar 28

106%

Dec

*462%

97% Jan
106% Jan

3.
4

14% Jan

8

5

47% Jan

49% Mar 30

J-un

130

Jan

7

Nov

56%
98
78

Apr
May

May

Oct

105%

Jun

10% Mar

18 Va

July

Feb

23

43% Feb
87

Mar

66% Jan

10

7

21

Jan

4

11% Feb

25

104

69% Mar 28

16% Feb

73%

Jun

42%

Feb

7% Mar
Feb

x33%

Dec

139% Mar
12

Jan

77

105% Mar 16

14% Jan

15

80

Feb

19

Mar 31.

25

6

9

Mar 15

6

Jan

7

9% July

4% Feb

25

34-

July

15% Feb

25

25% Mar 30

44

,Jan

35

29% Feb

16

15 V8

Jun

x9% Feb

25

29% July

21 % Jan

4

For footnotes see

paee




26.

Jan

11% Jan

20

8:,

23% Mar 30-

22%

1st

22%

22%

22%

22 3/a

3.20%

$4

&

Mfg

174 Va

Moline

Carpet

Hosiery

10%

18,700

12%

12%

12 %

12 Va

12 Va

12%

12%

2,300

50%

50

50 %

50

50 Va

4934

50

14%

15

14%

1434

14 Va

14%

1,100

37%

38'A

37%

37%

37

373A

6,500

*171

173%

30

40 3/a

900

94V4

70

172

171

•

174%

40%

40%

40%

40%

40 3/a

94%

"93%

94%

93%

94'A

93%

93 Va

*92%

93

*92

93

92

92

84

*83

84

83

83

84

*83

8%
32%

20%

*172

*83

8%

8%
32%
112

"111

21%

Mar. 29

$ per share
31%

*96%

8%
33%

*32
"111

112

22

22

AND HIGH SALE

Tuesday

*32

111

112

40

22

21%

22

22

2,600

$ per share

Friday

Thursday
Mar. 31

Mar. 30

31

31

Vv

*96%

98

/

36'A

35%

26

26%

27

27%

98

49%
33 %

"95
:

21%

\

1

31%

96%

100

343/4

35Vt

1,800

27

900

50 %

33'A

33 Va
96 Va

22

'22%

*49%

50

32%

52

2,200

32%

3,600

50

32%

33%
96%

*94

21%

21%

21

*94

95

21%

1,600

16%

*16%

17'A

16%

16%

*16%

17Vt

300

15%

153/a

15%

153/4

16 Va

16 'A

16'A

2,400

77

75%

753/4

76

76

76

76

32

*30%

*75%

,

160

33%

32%

32%

*30 3/a

33%

100

22

22%

22

22 %

22 Va

22 Va

22 Va

2 2'/a

3,100

11%

11%

11%

11%

11%

ll7/#

11 Va

11%

6,100

48

47

47

*45

48

14%

14

14%

*14

143/4

*30%

*45

14'A

*7%
60%
*89 %
*

21%

8

60%
92

22%

7%

734

59%

60%

*89%
21'/a

92
21 Va

*7Va

8

60'A

58%
*89 Va

21Vt

*45

'C/;

•

92

213A

10

48

*14

14%

*7%
58 Va

*89%

21%

800
200

8

5,600

59%
92

21%

4,300

35 VB

35%

35%

35 Va

35%

*100%

101%

100%

100%

1003/4

100%

101

IO934

*108%

1093/4

*10834

IO93/4

*109

110

12%

1,200

101

*108%

*35%

35

22

50

*94

15 Vs

.

100%
109%#

33 Va

800

31%
96 Va

c*

*16%

60%
22

50%
96 %

Shares

27

27%

31 %

for

the Week

$ per share

36

31%

*96%

Sales

Apr. 1

$ per share

36 %

98

200

112

111

35%

31%

20

2,000

33%

*32

33%

60

8Va

8Vs

8'A

PRICES

Wednesday
,

8 Vt

40 3/a

*93

-

21%

1,300

36

35

70
■-Y

..

\'k

12.

12

12

12%

12%

12%

12%

43%

42%

43%

43%

44%

43%

44%

433/a

433/4

43

12%
4|\

46% "'

46%

47

47

48

49

49%

48%

49

48

48

1,700

*131%

133

133

132

132

132

132

132

132

12

12

12

12

12

12

1,500

9

3,200

Impl

100

/ *132

-

*131%

No par
1

com

11 Va

11%

11%

11%

8%

8%

8%

8%

*47
"89
*75
*104
11%

3
100 r
No par

47%

48%

"76%

*70%
*17%
49

20
1.25

Tool—...No par

*22%

100

133%

.

8%

'

com—No par

A

..

11%

8%
4%
22%
*30
*10%

Mills—;
Inc

Co

30

10%

12

series

Machine

2,600

101

10%

43'A

preferred———.—25
—10
Mission Development Co——.-5

Mojud

100 3/4

102

11,000
,

"46%

Corp

Mohawk

7%

10

2nd

Monarch

22%

7%

com—No par

series A

RR

16%

22%

40%

33Va

21%

22%.

*100%

*16%

*93%

96%

92

73/a
16%
22%

2.700

1st preferred—100

preferred

60

201/4

2.200

20

50%

31
98

"89%

12,300

8 Vt

19%

13%

$1.50

7%

8
60%

92

500

8%

9Va

7 Vs.

1,700

8

13

common

Power

Mo-Kan-Texas

11 %

7%
17%

11%

"L6J%<17%
^5% js5%
76
76%/,
"30Va
3 Va
22
2J!
"11%
1)1%
"45
47
"13%
14%
"7%
8

22

;

17%

10V4

26

21%

Y

10%

34%

34%

$5.50
Mission

*

"• */'.

*7

10%

25%
49%

33%

102

rj
<

3,800

17,300

■

10%

34%

"95

*100%

A

v.

lOVo

34%

100%
"108%

preferred

Minn

102

37'

35%

ReguKcom

pfd

conv

Min

Minn

20%

8%
20

400

485

.

17%

22%

20 %

8'/a

20 %

*•462 Va
'tc/r

7'A
8%

17%

7%

12

485

*17

20%

7

15%

11%

Va

22'.4

6%

15 Vs

7V»
*7

*16%*

101%

No par

Minn-Honeywell
'

Va

*462

7%

109%

No par

SS

&

17%

7%

8'A

16%

35%

preferred—x—

P

48E

V/:

*7%

7Va

"100%

Marie

St

Minn

7

*16 Va

/ *108%

s—5

Prod

Steel

j

7'A

5

!

Copper

*462 Va
z

10%

12'A

12

900

31%

10%

16

: 15%

7,600

101 Ve

*99
.
"

16%

3.90% pfd_100
series—„—100

Co_„

Minneap & St Louis Ry

If.

Mar 11

Miami

8%

12

54 V2 Jan

Dec

Scott—_No par

Edison

preferred

Midland

50 % Mar 29

90% Apr

60%

"89%

18

*17

"24 Va
49%

14%

1

1

Mid-Continent. Petroleum

12% Jan '25

11
2

si

3

24

Feb

9

22%

4.35%

7

'3

Machine

Metropolitan

24

23

Nov

Feb

110%'Feb

Jan

42%

4

Mesta

11% Feb

87

13%

26
9

No par

7

13

8

*172

,

47

No par

common

38% Jan
101% Mar

41

8% Mar 23

Transp Co

Inc

Merritt-Chapma»/&

40% Feb

11

Min
Co

Inc.*—3%

prfeferr^t/— __*.

S3.50

20

Dec

May
July

&
&

Co

23% Jan

19% May

140

1st

Merch

485

7

*7Va

$ per share

16%
15 Va
77
32

"13%
"7%

1

Corp

Stores

16

*

3514
36%
"172
174%
40
40 %
"93%
94%
"92%
93%
83%
83%
"8
8%
33
33
"111
111%
20%
20 Va

21%

"45

100
50

(The)
common-—
1
preferred
—50

Co

conv

Merck

19

69% May

14

Feb

5%

Mercantile

20.

51%
16

42%

8% Jan
92% Jan

20% Mar 14

104% May

Mengel

.

65% Mar 15

3.

Shoe

15%

13

14

33 Va

16%
"1514
"76%
"30%
"21%
11 '4

,

No par

pfd (1st series)
2nd pfd (2nd series)

4%

20

3

10

Co

4% %

Melville

15%

11%

13%

31 Vs

31%

15%

37%

96%

"21

31%

300

34%
138

13 Vs

13%

11

*99

7 Va

31
"96

*134 Va

101

14

49Va

"32%

"95

V;

1

Co

Norris Mfg
Mead Corp common

22

Jan

90

Jun

Nov

98%

7% Mar 21.

Jan

14% Jan

.56% Jan

27%

9 % Mar

54% Mar

.

8

5

13 y«

11

13%

25%

Mines

300

13
•*33 %

34%

*99

13%

34%

No par

McQuay

22% Mar 10

3

*34Va

32

31%

32

*100

31%
98

"24%
"49

13%

13 Va

103

102
9%
12%
50

$ per share

31%
"95Va

4'

Robbins Inc com-—18

McLellan-Stores

12

20% Jan

&

preferred

13

20%

138

11

Mar. 28

1

Porcupine

$4

2,600

102

Monday

No par

Co

Publishing

McKesson

13

Feb

Electric

McGraw-Hill

Mclntyre

15

82

Dec

8%

1
19

10

12%
44%

Jan

14% Mar 21

11%

85%

Apr

34% Mar 10.
97

75

47

Jun

3

conv

McGraw
'

22% Mar 30

Dec

19% Feb
16% Feb

11

15%

'

3%%

36'% Mar 30

Feb 24

24

1
100

Stores Corp com
preferred

McCrory

9

*33'A
*134 Va

*16 Va

Mar. 2<>
Par

17

110

21

*10%

7%

Saturday

EXCHANGE

$ per share

30% Mar 23
90

2,000

98

11%

LOW

'

STOCK

22%

*97

*10%

*99

STOCKS

-

NEW YORK

*22 Va

.

13%

34
138

13 %

"100
9%
"11 Va
49%

35%
174%
40%
40%
"93%
9414
"92
94%
"83
84
"8 %
8%
"32%
34
"111
111%
"20%
2014

No par

*31 %

*

Range for Previous

2,800

21%

*13

33 Va

*134%

6%
20%
7'/a
16%

22

35%

No par

12%

12%

13%

*13

,

34%

17 Va

7%
"16%

"172

No par
No par

140

14

138

6%
"20%

7

14

1947 series—No par

preference

800

36 Vt

98

21»/#

17%

"100
102
10%
10%

No par

Corp

"6%

18%

"22

x34 V4

*134%

"99

11'A

"6%
"20'A
7%
"16%

'

*13 Va

1314
34

31
31
101
"10%
11
15%
15%
11 Va
11%
"462 % 500
"6%
6% i

31Va

"15%
16
11%
11%
* "462% 500
"6%
7

100
5

common

cum

"136

-12%

101

"10%

No par

preferred

$6

McCall

10

31'/b

•

13
"33%

140

12%

"13%

Corp

pfd

cum

Maytag

Mar 31

112

19 % Mar 22

$3.40

7

Stores

21 %

20%

22%
*97

26 3/a

36 Va

,

1

preferred

Dept

98

*97

26'A

36%
22%

36 3/4

35%

40

26%

26 Va

36%

21 %

: /

155

*25%

3.6'.4

12%
50%

common

$3.75 preferred

7%

May

155

26%

97

*11%
"49%

—

Chemical

Mathieson

2

Co

35% Mar

Xl65

170

Corp

Electric

*74

64Vt
22%

21V4
"155

1,200

76%

16%

26%

14,800

45:%

19%

157

100

9%

64%

16

357/a

9%

64%

"21%

•

9%

16

19%

—•

220

40

*37 Va

40

9%

46

16

21%

4,800

15%

64%

19%

22

800

81%
175%

x45%

20

64%

37%

81%

37

83

174%

174%

8%

175%

37%

82

175

175

9%

*37

82%

82%

82%
37

9'A

37

37

36%
174

37

64%

4534

"36

...

174

174

37
9%

No par
No par

Corp

1,800

8%

"25%

100
1

Co

9%

49%

"155

•

No par

com
—

(Glenn

18

27%

Co

&

Vt

9

9'A

24

21%

6%

Field

47%

Feb

Ry

2,000

8%

22

6.25
Corp———_—5
prior pfd—100

Corp

Marine

7% Mar 30

1

700

46'/a

49%

"64

5

Exploration-

63/4

46 Va

47

*9 Va

1,200

Va

6

23%

19%

No par

Oil

Maracaibo

9% Mar 31

Co

RR

Co

Shirt

Manhattan

7

25

Feb

22%
;

18

6% Jan 13
16 % Mar 18
21% Feb 24

19% Jan

15

Sep

50
1

Bros

6% Feb

Jun

6,500

*

6%

8
"35%

10.'
1

—

2'/a
18 3/4

2

49%

15%

;

wo par

(The>i—

Sugar

8% Jan

ucp

13%

25% May

Copper

Magnavox
Co
Mahoning Coal

7% Jan

10%

Dec

Dec

Garden

Square

24

Nov

7

6%

500

6

Mar 25

.Feb 25

6%

18% Mar

33% Jan
100

4,000

Va

18%

/
■■

19

23%

"72%

Macy (R H) Co Inc com—No par
4%% pfd series A
>.100

15%

9,Yoo
1,500

4%

49%

13

Nov

10%
39

4%

23%

34

10

10%
38%

.

2>A

"6 Va

9%

19 Va

4%

2%

40

95%

10%

19

"6'A

46

*18%

*93%

39

4%

6%

"32%

94%

10%
39

18%

"12%

^100

19

18%

15%

,—5

Inc

600

41

95%

19

*93%

39

10

com

1,100

19%

4%

;

.

500

41%

95 Va

10 Va

.,—5

Wood .Working Co

& M

9

14% Mar

24%

Va

*93%

39

45%
-

——10

rv
12 % Mar 19

433/4

*23%

41%

*19

"96

Co

*43 Va

24%

41-%

10 %

9'A
"63%

1

series

pfd

43%

24 Va

95%

'

v

*43 Va

19

19

*93%

4%

173%

& Sons Inc com—1

(M)

42

4%

"36

Gas & Elec Co (Ky)

Jan

43%

24%

41%

4%

8%

10

100
No par
Nashville'—-,-50

400

*10

49%

A__No par

___I_—■

2,000

10%

10 a/a

23%

-

Corp—±__No par

common

500

19%

24%

4%

9

—__No par

Long Bell Lumber

5%

19%

39%

"18

No par

4

"4%

19%

*43 Va

2

.

6%

5'A

19%
*10

Va

41,400

6%

*4%

20

10%

4%

No par
i.

Lorillard -tP;)

21

25

—No par
——5

Co

Co

16% Feb

•

191/2

95•%

82%

95

35% Feb

5

19%

"93 %

82%

2

Mar

7

K

41 %

19%

95%

10%

No par

Libby

43%
24

41 %

42%

35%

Lion

22% Mar 31

23

HlVa.

42

"45%

Liquid Carbonic Corp com—No par
3% %
conv
preferred-100
Lockheed Aircraft Corp—
1

1

19 % Jan

138

,

24

"43%
24

5

Savers

Link

Mar 30

30.% July

Feb

43%

23%

"6'A

5

,

20

Feb
Nov

18

43%

24

"39

•

—

21

Jan

57%
xl8

43%

__1

Lily Tuup Cup Corp;—
Lima-Hamilton
Corp

27

133/a

*10'A

8%
36'A'

Life

10

Jun

4i

Nov

10Va

No par

Corp.

&

10Va

Liggett & Myers Tobacco com—-25
7%
preferred
100

7

Nov

Stores

McNeill

Libby

2o

8

Oct

83

pfd_

(The)

Corp

10

"19

Libbey Owens Ford Glass——No par

1

34% Fen

170

174% Mar

157:

8%

7% Mar

2nd

non-cum

Lerner

x24% Mar 30

Dec
Nov

non-cum

10

5

"93%

1st preferred__Np par

24% Jan

Feb

82

com

6% Mar 25

Dec

8

Valley'Coal

18% Mar 23

Vs

16%

25
—50
:
1

Cement

103/e May

Jan

41%

43%

Portland

Lehigh

10%

"41%

Lehigh Coal & Navigation Co_—10

11% Jan
40 % Jan

19%

*23%

cumulative preferred—100

4

19%

5

6%

5%

*5

5 Va

19%

51/4

6%

6%

6%

6Va

4%

19%

"43 %
;v>

3

Co com

6%

6%

19 Va

"10

5

& Sons

(James)

3.85%

31

47% Jan

8

Lees

6

94% Mar 14

——1

Co

& Tlrc-t

6%

6%
19

19

No par
—50

common

preferred

4% %

19

Mar 21

22% Jan

4

Bryant

6%
"5

•

No par

26'A July

1.9% Mar

5%

43

20

Mar

Jan
"

43/4 July

Jan

44 % Jan 24
26% Jan

—4

(The)_

Co

Mar 15

10

Dec

39

4 Va Mar

„'

Co_+i

pfd—75 Pesos Mex

6%

Consolid

La

Dec
Dec

4%
17

Light

Gas

Laclede

"

48

11%

%

*90

92

76

76

77

*104
11%

10%
23%

*22%

31

50%

90

76

69%
*17%
49%
8%
4%
22%
*30
*10%

70%
17%
49%
8%
4%
23

9

90

90

105

4 9'/a

12'A

9

49%
*90
75 %
*104

9Va

8%

50

49%

49%

49%

49%

92

90

90

90%

90%

75V4

74%

75 Vt

743/4

75

104%

104 V8

104Vt

*104Va

105

12%
74%

12 Va

12%

13,800

73%

73%

790

*104

104%

11%

12

12%

12%

12%

12%

71%

72%

73%

74

73

31
11
23%

17%

17%

18%

49%

51%

X45%

8%

8%

8%

18%

1834

19

46 V*:

47%

48

9

8%

8%

*18
46 Va
8 3/8

4%

"

4%

5 V4

5

5Va

4%

23%

25%

25%

25%

24

24%

23%

31

30%

30%

*30'A
10%
*23%

5

170

9Va

9 3/a

104%
70%
17%
49%
8%
4%
23%

7,000

30

«

11

11%

11 Va

11

t

23%

23%

233i,

*23

30

11%
233/4

30%
11%
*23

1,900
330

2,800
80

18%

1,200

47 ;

2,800

8%
5

24%

5,100

26,000

46,500

30V4

800

ll'A

1,300

23%

100

COMMERCIAL

THE

(1462)

Range Since Jan. 1

Year 1948

I per share
45 %

105% Mar

$ per share

laturday

4

55% Mar 30

8

11IV* Mar 29

Par

$3.25

111% Jan

$4

Monsanto

13

Chemical

Co

Apr

107

Feb

11

10%

Oct

10

Jan

4

11% Mar 29

Montana-Dakota

May

52

Jan

3

59% Mar 29

65

13% Apr

Moore-McCormack

1

Dec

17% May

10% Jan

3

Nov

27

Jan

21% Jan

31

23

Jan

7

11%

Jan

21%

Dec

16% Feb

11

20% Jan

20

20%

Jan

29 Va May

20% Feb

25

25 V* Jan

7

19

Dec

23

May

18

Feb

25

19% Mar 30

15%

Dec

24

Jun

15

Feb

10

17% Jan

8

Mueller

Feb

28

14% Jan

7

Jan

3

38% Feb

17

Nov

16%

Oct

10

Dec

14%

Oct

10

33%

Feb

107%

45

Jan

May

112

Jan

110

Jun

Jan

11

54%

54%

'108%

111%

111

111%

*110%

112

*109

112

*107

29

42% Jan

111

111

111

*109%

111

*110

111

*110

'111

5

*10%

No par

&

5

Brass

55%

54%

53%

54%

11

10%

10%

10%

11%

11%

11%

11%

11%

57%

57%

57%

58%

59%

58

59

56%

57%

54

8,800
600
700

11%

2,900

55%

''

11%

56%

21,900

6,900

12%

12%

12%

12%

12%

13

13

13

13%

*22

22%

22

22

*22

22%

22 V*

22%

22%

22

22

*17%

17%

17%

17%

xl7%

18

17%

18%

17%

17%

17%

17%

5,200

*21
18%

21%

21%

21%

21%

21%

22

22%

22'A

22%

21%

21%

•2,200

19

19%

19%

17

Jan

11% Feb

11

13% Jan

6

Dec

43

Jun

32 V* Mar 18

34% Jan

13

50

Dec

55%

Jan

48

Jan

8

Myers

14% Mar

21%

Jun

12% Feb

11

15% Jan

7

Nash-Kelvinator

700

18%
15%

19%

19%

19%

19%

19%

1,500

15%

15%

15%

15%

15%

15%

15%

15%

15

15%

3,400

12%

12%

12%

12%

12%

13%

12%

13

10%

*10 V*

10%

*10%

•10%

10%

*10%

13%
10%

123/4

*10%

12%
10%

12%

5

1

*39

39%

39%

40%

40%

common

& Bros

"

100
10
50

Murray Corp of America com
4% preferred
(F E)

19%

12%
*22

*15%

1

preferred

Sep

12%

1

Co__

12%

51

111

55

^.Nopar
5

Products

34

Mar 18

111%

57
12%

,,

No par

Co

Inc

4%%

112% Mar 17

5

Shares

112

54%

3

(John)

Mfg Corp
Munsingwear Inc
Mllrphy Co. (Q C)

7

.

the Week

share

'54%

Mullins

13%

12

Motor

$ per

111 %

Co

Corp
Motor Wheel Corp

,

Morrell
Motorola

54%'

Sales for

Apr. 1

$ per share

$ per share

54'%

Lines

10

Mar. 31

Mar. 30

$ per share

Friday.

Thursday

Wednesday

No par

Utilities

20

$ per share

PRICKS

HIGH BALK

Mar. 29

*107%
">110%

A—No par

Montgomery Ward & Co

47 V* Mar

Monday, April 4, 1949

Tuesday

Mar. 28

t per share

5;V

com

preferred series
preferred series B

112%

Dec

Monday

Mar. 26

.

Feb

45% Jan'

122

LOW AND

STOCK

YORK

EXCHANGE

103

61% May
May

Nov

NEW

Highest

$ per share

Sper share

99% Dec

0%

Leweet

Highest

i

FINANCIAL -CHRONICLE

STOCKS

Bm|« tor Previews
Lowest

&

*111%

19

112%

40

>111%

•'

112%

*111%

112

112

41

41

41
112

112%

41

112

*12%

12%

12%

12%

31%

*30

31%

32

32

*31

33%

*31%

.*48

No par

12%

*30

48%

*48

48%

48%

48%

*49

50%

*49

12%

12%

13

13

7,400

10%

41

100

41v*

*10%

•1,300

112 3/4

*111%

30

13

13%

4,600

33%

*31%

33'a

100

50 Va

*49

50 Va

100

13%

18,400

13%

.

N
20

Feb

32%

Sep

23% Jan

13

18

Dec

29

Jan

19

Jan

3

4%
8%

10% May
13% July

Feb

9%

Jan

5

11% Jan

National Airlines—
National

7

Automotive

Fibres

9% Feb

11
3

13% Mar 30

National Aviation

37

25

National

Battery

•

*22

12%

12%

3

34% Mar 30

National

Biscuit

162%

Oct

175%

170% Mar 15

5%

Nov

32%

Dec

Jun

9% May
48

Feb

5% Feb
6% Mar

National

7% Mar 11

2

24

12

25%

22%

23

8

7%

12

12%

12%

33%

*33%

10

33%

34

33%

34

175

174%

*174

No par

34

Corp

10%

6%

6%
*6%

1

Container

1

7

Cylinder

1

*10%
28%

29

*14%

15

Co

Co

Gas

33%

7%

7%

7%

7%

7%

7%

7%

7%

7%

10%

10%

11%

11%

11%

11%

.'11%

11%

1,300

29

29

29

29%

29%

29%

29 %

29%

-6,700

15

15

15

15

15

14%:

14%

*

...

27% Feb

10

29% Mar 29

National

Dairy

13% Feb

14

15 % Jan

National

Department Stores

No par
5

Nov

22% May
14% Dec

17% Feb

7

19% Mar 30

National

Distillers

No par

18%

18%

18%

18%

18%

19

19

19%

18%

Dec

12

Jan

3

14% Feb

Nat

12.50

*12%

12%

*12%

12%

12%

12%

12%

12%

12%

13% Feb

8

16% Jan

7

Feb

15

Sep

20%

Oct

96% May

29%

v

Jun

95

89"% Mar 29

Jan

38

Jun

28% Apr

1

33% Jan

21

162

Oct

177

Jun

169% Jan

4

177% Feb

Nov

147%

Apr

135

4

148% Mar

5% Dec
15%

7%

A

Dec

19%

Nov

Feb

24%

Feb

Jun

1

Jan

25

May

,

81% Mar

114%

Jan

2

% Mar

Oct

20

Nov

25%

Jan

Nov

25% July

15% Feb

80 %

Nov

94

21

Nov

10%

Dec

30% May
15% May

9% Nov

12%

9

Nov

19

May

Feb

104

Jan

X27% Mar

35

100

1

National

Sugar Ref Co

19

Jan

7

24

86

Jan

4

27

Mar 30

11% Mar 30

4

11% Apr

3

13% Mar 30

Feb

28

14% Mar 17

xl01% Jan

12

9% Jan

9% Jan

29

May

25

81

1

Jan

31% Feb

Mar 28

2

Corp

Natomas

4%%

Fibre

Jan

93% Jan

3

8 V« Jan

3

9% Jan

22

New

99

Aug

94

Mar 21

97% Feb

2

July

46

Mar

4

59% Jan

25

13% Jan

99% Mar 23

*82%

') Jan 21
: Jan 21

serial

Air

Brake

11%

500

8

N Y

20

Mar

27

Jun

20% Jan

5

22% Jan

21

New

York

49% Jan

61

Jun

48

Feb

14

55

1

$5

Mar

225

Feb

10

250

6% Mar
20%
86

Nov

14%

7% Mar

14% Jun

Feb
Feb

•96

21

33% Jan

21

91% Jan

Jun

19% Oct

'

9% Jan

27% Mar 23"

39% July

96

22

N

2

4

15% Feb 25

Jan

19% Mar 18

10%

10%

10%

10%

10%

10%

10%

*10%

10%

11%

3,100

12%

12%

13

13%

13%

13%

13%

12 %

13%

*12%

123/4

2,000

13%

13%

13%

13%

13%

*13%

13%

13%

13%

13%

137/b

Jan

88

Jun

Jan

86

90

3

Jan

14

S per share

$ per ihare

20

Dec

25%

13%

Dec

17% July

23

Dec

36%

55

Feb

25

Aug

'

3

Jan

28

Mar 24

23% Jan

Jan

26

17%

Jun

13% May

Jan

Nov

28%

82% Mar
25%

10

Jan

62%

14% Mar
8

Jan

14

93

Feb

3

*51

*29%

10

3

18% Mar 29

11% Jan

7

North

Feb

18

31

Jen

85

7 a

36% Mar 17

27%

Jun

13% Feb

% Apr

7

30

*98%

99%

*98%

99%

*99

99%

9%

9 %

9%

200

30

*29%

95

94%
*51%

52%

51%

10%

10%

10%

,9%

*93

95

9%

' "99

99

'"z'a

9%

/

9%

9

*93

30

-

10,700
20

95

*93

95

51%

52

52

51%

51%

9g0

10%

10%

10%

10%

10%

3,500
10

69

69

33

33%

33

33%

32%

33

32%

33%

6,200

29%

30

30

30%

30

30

*29%

30

1,600

*68%

70

*68%

70

32%

*68%

70

70

.

'

*29%.-

10%',rl

10%'11%

11%

12

11%

11%

12%

; .11%

12%

117/b
73% ."■733/4
126

'

*71% '

72

71% T72

73

75

74%

74%

126

125%

125%

74%

72%

36,800
1,600

126

1,100

*11%

11%

11%

11%

12%

12%

*12

123/e

11%

11%

*20%

21%

21%

21%

*20%

22%

*20 V*

22%

*20%

22%

*20%

22%

100

*50

53

*51

54

54

54

*51%

55

*52

55

55

300

*225

241

*225

241

225

225

235

*220

230

Co-100

A

.

.

.

127

93%

100

7%

28%

28

28%

93%

93%

93 %

93%

18%

18%

18%

18%

88%

88%

*88%

600

235

*220

10

7%

7%

■'3,300

28%

28%

3,100

•

93%

93%

450

183/s

*93%

18'A

.

94

28ya

89

*93%
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'ui

18%

18%

1,800

8

28

94

•

55

.

28%

8

8%

7%

28

18%

28

94

*220

7%

7%

7%

126

126

ill

*88%

f

laliriaT

:

8%

!„—

Rights
Pacific

*81%

52

52

19%

19%

1,000

9%

9%

9%

9%

3,300

27%

27%

27%

26%

26%

500

52%

52%

52%

52%

2,700

«26%

27%

*26%

27%

53%

53

521/2

e

27%

*26%

*26%

27%

18%

18 Va

10%

10 3a

11%

10%

11%

10%

11

'82%

*81%

82%

*81%

82%

81%

81%

34%

34 y8

34%

34%

33%

34'A

18 %

18%

18%

10 Va

34 ■%

15

*81%

,

29,100

11 vVf.

10%

*108%

10%

3A

/

25,400
50

83

15%

16%

15%

16

lOVs

10

10%

10

33%

9,000

%

%

34,000

15%

15%

13,800

10

•

10%

45,200

33%
:

%

U

16%

15%

15%

IO'/b

10%

No par
No par

18%

18%

18%

'

-15%

—100

:

*19

18%

:-vv
15%

No par

,

share

19%

27%

34%

Shares

9%

:

Ry

$ per

for

the Week

19%

103/a
*813/4

Sales

»■

Apr. 1

$ per share

.

•

.

Friday:,;.-

"

31

...

*26%

27
r

.

18

82%

,

Mar

80

t.-

to

.

9%

9%

27

89

•> •/•

.

Thursday

v.

t per share
*19

19%

9

27

*26 Va

17%
10%

34% " 34%

10

Co_

Gas

10%

50

Co

51%

28

17%

1

Aviation

27:.

51%

*27:

10

Co

27%

51%

19V4

8% J 8%

*88%

-;

'

:

.

30

'

19%

19%

8%

•

*26%

^25
25

preferred

Natural

19%

*18%

Mar

$ per share

$ per share

I ptr share

Par
2.50

-

,

Wednesday. '

Mar. 20

Mar. 28

PRICKS

ILR

Taeadav

Monday

Mar. 26

89

*88%

89

j'**

OW AND. HIG1

'

1
4

Ry

i

/'c.

Western Ry com

Central

Northern

*29%

W,' 9

1

American

Northern

30

11%

7

American

Northern

*29%

52

"

*68%"

30

*11%

Industries

Adjustment

1

17% Jan

24

70

32%

32%

par

Corp
Chemical Co

North

5

30

124%

Electric

Norfolk &

*29%

800

103

*102

103

Elec & Gas Corp—

preferred

Nopco

*102

125%

,

9% Feb

36% Jun

Dec

series

Noblltt-Sparks
Noma

103

95

9%

-

89-

20

11

*68%

*88%

$3.75

28% Jan

Jan

*51

9%

18%

59 % Jan

81

53

9%

*17%

15% Jan

Jun

*93

& Light 3.90% pfd—100
Shipbldg Corp partic stock
1

7

Mar

95

.7%

24

50% Feb

% Mar 31
16%

{

9Ve

*102

125 %

$ per share
21

99%

9%

*93

YORK! STOCK V
exchange

18

*98%

9%

103

"

NEW

8% Mar 17

18% Feb
v"

99 %

27%

Highest

$ per share

Jun

29

9%

7%

-Range Since Jan. 1

Lowest

r

:

29

*102

*98%

*27%

5%

STOCKS
v

-Highest

103

30%

*125%

Co

"r

Year 1048

>102

*29

100

j Range for Previous
/lowest

103

No par

preferred
RR

;

*102

100

N Y Power
N Y

26

*13%

No

N Y New Haven & Hart RR

Preferred

*84%

85

*12%

100

common

Harlem

&

N Y State
81

Dock

non-cum

Y

*82%

—50

14% Jan

9

84

No par

11

Mar

3,600

*11%

Central—1
No par
& St Louis Co com—100

10% Feb

255

20

26

11%
10%

No par

Apr

Jan

85

26%

20
pfd—100
10

23%

200

9,100

11%

.

11% Mar

Apr

18%

*10%

preferred

preferred series A
City Omnibus Corp—

•

18%

1

common

England Elec System

6%

18%

26%

(J J) common_No par'
preferred—
100

N Y Chic

18%

18%

18%

*84%

York

140

1,000

18%

18%

1,000
4,100

11%

New

81

124% Mar T.9

23

27

7

24

68% Feb 24

July

22%

85

13% Jan

10% Feb

July

23

11%

Dec

18% July

23

26%

12%

144

79

23%

*23

23%

,;:• %
21%

*84 V*

York

v92

79

11

New

Feb

79%

26%

12

Feb

80%

84

33% Mar 30

39

80%

11

33% Jan

121

80%

■

84

29

27

21

80

25%

28% Jan 25

72% Jan

%
21%

lV

11

Oct

1

21%

/

84 Va

Jun

24

%
21%

26

34%

Feb

i9e
21%

11

43%

Apr

i"o
21%
81

&

25

Feb

69

A

2,400
9,300

11%

Nov

Nov

2,600

18

24%

31

70

70

5%

5%

No par

conv

3%%

17%

..

24%

20%

8 "

*23

142

5%
18%

;

*10%

Jersey Pr & Lt Co 4%
Newmont Mining Corp
Newport Industries common
1
4 V* %
preferred
100
Newport News Ship & Dry Dock—1

10

80%

142

142

5%
18%

5%

18%

No par
Inc

New

9% Feb

x21%

280

1

Co

Newberry Co

Jan

64

r<r

21%
8f

*21

*140

5%

6,200

172

283/8

172

18%

150

29

172

29%

172

142%

142%

6

18%

28%

173%

10

Co

Co

Nehl Corp
Neisner Bros

12%

26% May
90% Jun

5%
18%

29%

29%
*172

142%

5%
18%

18%

98%

Feb

172%

142%

144

17%

Tea

29%

29%
172

•

18%

Feb

Dec

15%
90ja

18%

Nov

12%

153/s
903/4

National Supply (The) Pa com—10
4%%
preferred
100

8

38

16
90

23%

87

90% Mar

15%
90

23%

Vulcanized

900

7,400

16%

23%

National

28,000

12%

90

*22%

Natl

183/4

12

15%

A

fe

18%

90

81

5

1,200

19%
12%

16

5%

21%

i43/4

90

29%

18

it

Iff

29%

15%

No par

27

103

Corp

29%

89%

172

*142%

5%

;

15,800

*14%

,t

15%

172

18

5,700

90

29 V*

145

*5%

*21

Steel

11

29%

*142%

No par

Shares

National

15%
*88%

173%

*17%

National

23 Va Mar 28

29%

National Linen Service Corp
1
Steel Cast-No par
Natl Power & Lt ex-dist
Nopal

7

28

15%

*172

Natl Malleable &

4

3

13

6%

*14%

90

*88%

100
100

10

82% Mar 23

Jan

common

Jan

10% Jan

19%. Jan

Nov

12%

Co

11 Jan
22

21% Jan

Jan

1

Lead

preferred A
preferred B

91% Jan

21

Apr
21V* Feb

16%

6

21

8

19 V* Jan
79

7%

15%

1

:

No par
10.

conv

National

9

6% Jan

19% Jan

5% Mar 10
16% Mar

Gypsum Co com
preferred

$4.50

3

130

National

7

7%

7%
10%

Jun

Prod

'. 7

6%

7%
10 %

May

Enameling & Stamping

180

10%

15

•

2,800

175

; 7%

21

85

,

10,400

7%
34%

12%

v

7%

34%

7%
34 %

17%

«'

7

7%
34%

7

200

34

7%

7%

6,500
20,700

175

34%

32

25

34

7%

Dec

Products

33%

34%

14%

-

34

174%

24% Mar

24

13%'

33%

7%
7

5,200

12%

x34 %

7

24,300

103a

10%
„•

7

*6%

1,100

9%

33%

13

174

175

y

34%

13

34

34

7

City Lines Inc_

National

34%

,23

,

8%

■

390

25%

23

•

11

*33%

*174%

175

*25

::.y;

9

11

13%
34%

33 Va

33%

175

11

12%
*

13

13%

8%

,

33 %

12%
35

33%

9%

10%

11

10%

174%

6%

34%

National

10%

8

8

12%

33%

8

Jan

25

23

7%

10%

11

9% Jan

10% Feb

13%

25

22%

34

Cash Register

Can

13%

24%

23

11%

100
10

National

13%

24%

22%

*10%

preferred

National

3

8

13%

24

*331A

common

Jan

35

Mar 18

7

Jan

14% Aug

1%

27

Jan

Co

7% Mar 29

8

9% May
13%

178

7

30% Feb

Jun

Jan

7%

13

24

22%

23 V*

5
4

Co

,30% Jan

Dec

*

22

Inc—1

Corp

2

•32ya Oct

10 y2 Mar

12%

24%

22

1

30% Mar

Feb

9%

1

10% Jan

July

26%

6

V* Apr

9

3

17% Mar

Mar

12%
*23%

1

Co__

45

Nov

29

Acme

5
100

Chatt & St Louis

National

Mar 29

1

'•'

Sep

Jan

23

Corp

Nasnville

21

28
>;

10%

v,.:;

Northern States Pwr Co (Minn)—

8% Feb 28
78

Aug

90

Mar

103%

Oct

8%

Nov

87

17% Mar

109%

Dec

Jan

10% Mar 24
90

4

107% Feb 15
8% Feb

Common
$3.60 preferred

4

Feb *

109% Mar 22
10% Jan

11'

7

$4.80

1".

preferred

Northwest Airlines

Inc

16

Nov

27% May

16% Feb 24

19

Feb

33%

Jan

40%

36

Jan

4

Dec

4% Jan

11

Norwalk

Tire

10% Mar

Apr
7% May
14% Jun

33 V* Jan

3%

11% Mar

2

12% Jan

10

Norwich

Pharmacal

26%

Dec

34%

27% Jan

3

31

92%

Jan

103

Jun

26%

Feb

43

Jun

16%

Apr

11

2% Mar 22

2

4.6%

*87%

109'a

109%

9%

10

109

Rubber

*87%

108%

108%

10%

10%

88

10%

IOVB

10%

18 %

17 7/b

17%

18%

18%

18'%

18%

18%

*33 Va

34%

*33%

34%

34%

34%

34%

34%

*34'%

1 2%

108%
V

2.50

*11%

3

11%

11%

11%

1

3

*23/4

*11%

210

-

;

•

2%

2%

*12

12

11%

12

V.

18%

12

12%

13,500

18

3,700

35
:

190

3

1,000

12

*34'%
3

330

10%

18

3

3

87%

108% 4

9%

35

*2%/

87%

'

*108

*17%

No par

Co

'•

88

109

*87 Va

881/2

*108

9%

25

Telegraph
&

89

88%

89

109%
9%9%

__50

preferred

Northwestern

1

89

common—10

xlO

•500

O
,

!

22%
92

•

Mar

6%
88

Dec
Dec

K ,20

27

Feb

.;18%

IOC
.'23

v

.

Jan

r

154

15% Nov

1

80

Dec

;

47% Dec

«

1

«

11%

Feb
Dec

Sep

•73

34%

,
"

15% Mar

Jun

29% Nov

55% July

29% Dec
'

89
130

P

ii-

Dec

Nov

Outlet

Jan

Jan
Feb

30% Jan

6

68% Jan

14

24

| Jan

7
14

Jan

40

Jan

17

24

19% Feb

2

3

33% Feb

i ft Feb

18

.50%- Feb

14

Jan

3

Feb

7

135

Jan

5

,

3

3i Mar 17
54

Jan

.

.

6

34 j .Feb 21
•96% Mar 28
.

143

Apr

1

Co

1st

&

Mfg—l
-

—

Glass

7%

7%

:

*85

6%

;
'

preferred

7 V*

7

-

953/4
7-

•

'

20
'31%

*152 Va

-

31%

.

*152%

,31%
155

">7l

73

52%

52%

;
10

12% ..'12%
*8%

v,

8%

,

851/2'

-*20%

20

.

,

85%

86-:

*85v2

20%

31%

20%

32%'

32; ...■

155

♦152'/2

•*14% •',! 15
-73
'"*71

*14%

53

52%

i

72

54%

*8%

12%
■ •

8%

38%

*375/b

38%

*18%

19%

-*18%'

*37%-

1934

31%

31

31%

,.

19%

•

i?

:.v it
'51%

15

.

51%

*303A

*30%

31%

*95%

96

.••:953/4

143

141 '"

'

P~
Z

31

■

96%
142

31 %

31

%

51%

:

303A

J5
523/b
31%'.

■*'

96%

961/4

is

,

:• *r '52%

•

4

*141

-

.';•

,

v

8%

■

-

-

J

*140

„

142

■,

'38 Va

12%

,

19 %•

52%.

.

30%

31

'95%
.

*141

73

...

'90

"

500

.

8,200
20
400

*/;

20

53% r

3,100

11%

2,200
180

9%;
71;

_'40;

50

"
"

*52%. .52%
30%

30%

'*95%

.95%

.143

.

,..

20% ;
31%' '31%
ht' "
% '

.

143

240

3,900

•'

.15% v;'

:95%:
143.

;•

20%;
•3i%V':

30%
•

5,400

.

*19

%

'30%

96%
142.

'*39

31%"

It

■52'a.-52%

96
142

.

19%

*19

'.

%
•

t

-

.31%

31%

?.l

52%

39

*68

-

39'.

11%
*8%

9ft'

,•-69

69

,

"38%

31 Va
,.

,

*70

52%

54 'A

12

9
69

*19 V*

.

"

31

8%
*66

.

31%
*147%

;

'

7%

.'152% 152%

.

73

54

12

11%

68
.
38%.

19%

68

51%

*70

55

54

155

100

96 /•

20%
•'•

:'15%*

*14 %

20,400

85% \85%

;

■

*66

.

152%

'

.

15

*70

v_>66

68

*37%

No par

32%,155
.

26%

*94%

*20%

73.'.;'.

15

11%

":8%

*8%

32 V*

*152%

15

.

18%

7%

'21%.
x31'%32%

120

.

28% ' .:

26
•V

"96%

;85% f;85%;

.

31

104%

28%

18%

/'7'%,.;'7%

20%

.20%

104%
"

127

26%
*94%

85%',

85%

53%

12%

12

155

.

7%.

7%

72

*66

page 26.




'

86

n9%

L

^.100

26%

■'.*94%
-

*19

•

i

No par

No par

96

95 %

Rlnrhts

Pacific Mills

27%

96

26%

94% !
;

07

26 Ve

26%

94%

29

19%

*18%

19%

26%

•

29%

28

.,■■'

28%

.

*14%

Pacific Telep & Teleg common—IOO

26%

95%

19%

;28

2nd preferred non-cum
No par
Paolfic Finance Corp of Calif
10
Pacific Oa^ & Electric
:
.25

.

26%

29%

28%

'*18%

non-cum——No par

Lighting Corp

19'A

104 %

...

Pacific

*18%

104%

i

:

19%

31%

104%

_2.50

Inc.

common

*183/2

*30%

104 %

12.50

Co,

Fisheries

Coast Co

preferred

.

293/b

31%

,104%

5

100

.

Marine

Pacific Amer
Pacific
>

__No par

common

preferred

.31

1Q4%

28%

*30%

10*%

'

Owens-Illinois

18

70
.

6%

28

10% Jan

.

7

29

Mar

•

Jan

\

No par

common

Otis Elevator

79

Mar 14

89

see

30

Outboard

44% July
147

7

32% Mar

16% Jan.24

104% Jun

For footnote*

22 Mi Jan

7

153% Mar 24

18 •

36% Jan

47% Mar

10

convertible preferred—110o
Corp (The) common.
0
8% 8 convertible preferred A:—100
Oppenheim Collins
10

Corp

*30'%
104'%

30 vb

31%

*04%

.

4%%

Omnibus

8

37

•

'

Oliver

7
10

8% Mar 18

43% May
"21%

7

Jan

16

11 % Mar 29

.20

Jan

15

66

Apr

pfd:

8

49% Jan : 3 :

May

& Elec-4%

99

Jan

70

No par

;

Gas

;

Mar 28"

.

Co_.

.

•

*30%

31%

104%;
29%-

*

*30%

.

_10o

90% Jan

11

13% -Feb

115%May

Feb

Oklahoma

Oil

.<

16:

20

Feb

1

7

31% Jan

a

common

preferred

Ohio

'

29 / Feb

Jan

15

60%

4.40%

7

10% Mar

Feb

148

Ohio Edison Co

33% Jan

81

.'73y4 Jan

f«%

•

'

6% Feb

Jan

89

8

94% Feb

Mar 23

*104% Mar 25

24% Feb 25
;
•

Jun

.

3'
11

17% Jan

.Tan

23

t

>

25% Feb

37% Jun

.144% Nov
,<

99% Jan
•

Jan

36% July
*109% July
12% Apr

Jan

.

,

Jun

i.

'

.

•

;

120
100

17,700
157,000
1,700
5

2,400
480

110

/

COMMERCIAL

THE

Number 4791

169

Volume

NEW

$ per share

$ per

$ per share

39 Vz

Dec

8%

Nov

13Va Mar
46

11

32% Feb

25

3% Feb

11

Jan

3

Jun

12% Feb

8

Oct

49% Jan

5

21%

Feb

92

3% Feb

Oct

,

? 66
100

8

May
Jun

6 % Feb

May

16% Feb

8

97

Jan

105

Jun

102% Feb

18%

Feb

104% Jan

7

24% Feb

3

Jan

3

42 % Mar 30

1% Feb

18

40

24% Jan

3
2

26% Jan 22

Dec

24 %

Nov

30%' Jun
10

May

6% Mar 28

9

Feb

16% Jun

12% Mar 22

27

Dec

37

Jan

27% Jan

31

38%

Feb

•49% Jun

42% Jan

3

7% Feb

14% Jan 18

9 Ma

Dec

15%

Jan

15%

Feb

21%

Nov

27

Dec

16%

Dec

35%

112

Jan

Dec

48

Feb

120

28

Dec

86%

Feb

9%

Nov

7%

17 V\ Jan

Nov

99

104
29

<

12%

13

17% Jan

7

37

Jan

19

Feb

7

♦18%

7%
19

18%-

18%

30

29%

29%

29%

29%

No par

47

47

47

47%

46%

47

46%

47%

47%

47%

47%

47%

Coal

Coke

As

preferred —i

51% Jan

19

1

53 % Jan

21

23% Feb ' 1
Feb 17

104
>

12% Jan

7

Ry Co

4%%

*8%
'10%

_No par

preferred

_ioo

Mar 12

99

25%

Sep

23% Jan

4

25% Feb

Jan

115%

Jun

110% Feb

8

112% Mar

7

4.4%

Jan

103%

Jun

Jan

7

101

Jan

31

3.8%

Sep

111 '

Jun

106% Jan

4.3%

preferred

4

Electric Co

7
7

40% Jan

84% Jan

7

4

8
88% Feb
43% Mar 28

87

Jan

97%

Jun

93% Jan

3

99% Feb

82%

91% Mar 30

18

'

Nov

88%

Oct

88

Jan

6

11

Dec

13%

Sep

10% Feb

10

11% Jan

11

87%

Jan

8

90

U

54%

Jan

92% Aug
77% Jun

Feb

4

60% Mar 30

10

Dec

14% May

" Mar 30

11

28

12%

32% Jan 24
1
(105
Apr

7%

Nov

155

Apr

169

July

39%

Jun

14% Mar 14

50%

51%

X48%

'

50

48%

24%-

*25

25%

25

25

*24 %

110%

111 Va

*100%

101 %

107

106%

106%

15

14%

110%

100%

101%

.-100
1

——

106%
15

31

31%

♦87

101

112

100%

*106%

15

107

106 V2

106 y2

106%

106%

15 Va

15%

15%

15%

32%

32%

31 y4

32%

15%

31%

31%

15%

32

32%

*87

88%

83%

87

x41%

42 %

41%

42

41

99%

*99%

99%

*99%

99%

99%

99%

91%

*87

91 %

*

90 %

91 %

*90%

91%

91%

*10%

11%

*10%

11%

*10%

11%

♦89

*89

90%

*89

90-/2

*89

Y: 59%

59%

59%

90%
59%

10

10

10

*10%

*103%

115

♦102

60%

59%

11

11

150% Feb
Jan

24

3

88

7.0%

Dec

82% May

69% Mar

4

71% Jan 27

15

Feb

26%

15% Mar 22

21% Jan 24

145

Jan

139

10

Feb
Jan

147

4

Jan

28

19% Mar

1
6

*83

-•

85

27%
*13%

NEW

Range Since Jan. 1
Lowest

Higheot

*7%

*12%
*135

f per share

8% Feb

33

Jan

12% July
70% May

Feb

46

32

10% Jan 20

11

46% Mar 30

Mar

3

36

Jan

12

7%

8

13%

*12%
*135

155

*81%

70%
16%

*140

Co class B

Poor

Jan

141% juiy

10% Feb 23
13% Apr
1

12% Mar 30

12 Mi

14% Jan

Potomac

57A

Nov

11% May

5% Mar 23

8»A Jan 24

22 %

Nov

35% May

21

62y4

Peb

71%

57% Feb 26

6

Ac

Electric

115

•104%

104%

115

*102

115 *

14

10

Co.

200

28:
*

104

13%

11

28

400

28%

*102

14%

160

105

105
*102

110

,

•13%

13%

♦83%

1,700

13%

85

85

85

28%

28%

28%

28 %

28%

2,500

14

14%

14%

14%

t 14%

14%

14%

14%

14%

1,400

,

8

*142

144

♦140

144 Y'

*142

144%

*160

.

i

31

164

*160%

163%

*160

163

32

32 %

32%

32

31%
V

8

13%

13%

155

8%

8%

13%

13%
155

*135

8%
14

150

*140

82%

83%

83%

70%

69%

69%

69%

69%

16%

16%

17

17%

17%

♦25%

24%

*28

X104

82%

♦140

146

*140

25%

25%

Monday

147

*140

25%

25%

8'/a
*13%
*135

69%'
*17%

8%

Y'

' 164

32'A
8%

13%

8%
*13 %

8,400
5,000

2,100

*130

150

82%

*82

83

69%

*69%

17%

17%

*140

148

25

♦140

25

250
80

70

600

17%
148

*24%

25

1,700

# per share

Sales for

Friday

Thursday
Mar. 31

Mar. 30

$ per share

32

13%

10

143

,

*160

150

82%

.143

'

32%

80

85

rBICES

Wednesday

Mar. 29

$ per share

83 %

148

25%

Tuesday

Mar. 28

S per share

YY;

Apr.

the Wssk
Shares

f per share

$ per share

*9%

9%

*9%

9%

9%

9%

*9%

9%

*9%

9%

*9%

9%

100

39%

.

42%

42 Vz

43%

43%

45%

45 Va

46%

44%

45%

44'A

45%

34%

33%

33Mt

33%

33%

3 3'A

3414

34%

34%

35

35

19,700
2,000

*33

_No par

Power

7,600

59%

58%

*10%

11

'

28%

16%

Saturday

*

>

*69%

146

24%

1

Pond Creek Pocahontas

59%

10

28%

164

82 %

.5

—

89%

85

144%

30%

*15%

Yyyy-

—5

11 '/a

*89

85

*160

Mar. 26

——

•92%

*10%

28%

*140

30%

*69%

Par

Plough Inc
Plymouth OH Co

*91 %

90

100

100

*10%

11

LOW AND HIGH SALE

STOCK

t per share

24

36% Feb

29%

YORK

♦99%

28%

*83

164

82%

EXCHANGE

Highest

20

7,800

*

27%

STOCKS

Year 1948

9,300
V""

V

40%

14

144%

Y'

104

*102

13%"

13%

30%

preferred class B
100
5% preferred class A
r100
5%% 1st ser conv prior pfd
100
Pittsburgh As West Virginia
100
Pittsburgh Young As Ash pfd
100
Plttston Co (The)
1

Range for Previous

:

58%

60'/2

28

28%

104

*13%

*140

No par

com

104

13%

*160

7%

*28

•115*.

*13%

convertible preferred—No par
1

Pittsburgh Steel Co

81% Jan

28%

*28

104

7

4,800

'

*9%

*102

7

87

11%

*10%

90 %

*103%

24

31

40%

93%

*91 %

11%

100

8% Jan

30%
*85 Ms

v

100

*99%

•.

No par

15 V2 Jan

70

15 »A

A

*89:

59%

15% 4

87

100

107

*106

41%

*90%

29

12% Feb 11

'

*10%

*27%

-7% Feb 14

26

210

102%

43%

28

21

6,800
400

111%

102 y2

111

88%

144 Va Feb

Jan

1,400

'

111

*100%

43

26

35 ye Jan

4

460

101%

*87

14

170

25

110%

43%

*13%

Mar 16

25

110%

*99%

Pittsburgh Forglngs Cgr
1
Pitts Ft Wayne A Chic Ry com„100
7% gtd preferred
.—100
Pittsburgh Plate Glass Co
lo
Pittsburgh Screw A Bolt
No par

Jan

22'A

*100 Ms

88%

7

30

92

22

112

43%

16% Jan

159% Mar 15

92
'■

12,400

4

1

25

preferred

50%

101

*110%

2,300
1,800

49 %

25%

110%

Y
I

42%

'

24%

„

45

-41%
*

25%

20

20%

44 s,a

'49%

'

400

1,600

11%

'

'

43'A

;

104

20%,

(

46%

42%

*24%

3

142

20%

45 '
V

22%

13% Mar

Oct

16% May

52

28%

96

Dec

52

85

Feb

11%

52

*27%

73%

Jun

44%

44%'

*83

24

9% May

46 V*

Pitts Consolidation Coal Co

150% Feb

S per share

46 Va

43%

7

Jan

1 per share

20%

45%

43%

2

Dec

Lowest

20%

45%

Feb

Jun

Dec

20%

%

43%

Jan

10

26%

.20%

45

43%

85

20

July
46% July

20

*44%

32

170

161

19%

44%
43%

92%

Pillsbury Mills Inc common.

$5

96,000
'

22 V*

Y *11%

11%

,20%

20%

51%

Corp common
3
3%% preferred series A
,—100
Philip Morris & Co Ltd common—5
4%
preferred—
_100
3.60% series preferred—.
100
Phillips Jones Conv com
—No par
5% preferred
——100
Phillips Petroleum-No par
Phoenix Hosiery
5

$4

11 Va

104

104

11%

•

3

Feb

Oct

*103%

11%

11%

43%

26% Mar 14

Jan

10%

104

11%

22 %

3

J

*103%

104

11%

91%

Jan

5

500

10%

22%

22%

22%

Jan

Dec

*22 %

92%

11

Feb

*103

11%

22

22 Va

81

Dec

104

% 11%

21%

22%

91%

Jun

30

140

20'A

'

*21%

22%

July

157

22%

*103

104

*44-

Pitts Coke As Chem Co con)—No par

138

400

*9

11%

92

Pitts C C As St Louis RR

Feb

200

109

10% '

10%
'

*•••

26% Feb 28

*9%
11 y8

,

22

Sep

93

11%

91%

Jan

36% July
23 % Jun

10%

11 Ms

91%

103%

15%

10

130

32

♦106%

109

r

22

113

Dec

9%
10%

*107'

-

—

1,200

105'A

*30% (

90%

Jan

Mar

106%

107

-

30,800

36%-:

36

105%

32

21%

Apr

80'A

36%
104 %

*30%

91

Jun

26

36%
104%

31%

22'A

34%

Dec

*21%

22%

11%

phllco

30% Mar 23
37% Jan

10%

36%
104 Vz

30%

91

Fhlla As Reading Coal As Iron

100% Jan

16

6,200

'

100

' 5

Dec

10%

100

19% Jan

45% July
91
July

98%

15%

No par

$1 div preference corn:

108% Jan

39%

110

16%

•

36%

10%

10

10%

nive

common—No par

3

Sep
25'/a Mar

Dec

Phila

14% Mar 17

Feb

16

200

18%

104 %

107

8,100
'

110 %

18%

22-

preferred
preferred

9

*109%

18%

31

36%

9%

*8%

10%

103

5

No par
1
Phelps-Dodge Corp—
—25
Philadelphia Co 6% preferred-—50
$6 preferred
No par

22% Jan 21

51% Feb

*104

10

*21%

Brewing Co
(Cbas) As Co Inc

Pfizer

3

89% Mar

110%

105

36%

104

500

'

27%

*26

'

Petroleum Corp of America

20% Jan

Jan

36%

36

104

__100

Co common—.

90% Mar 24

81

36

33 %c

Jun

28

16%

Pfeiffer

54% Mar 18

x48% Mar 30

As Eastern

Pet Milk

20% Mar 29

21% Nov

xl6 V*

3,900

:

'

4

Jan

17'A

106%

3

14

16%

106%

Jan

98

16%

*105%

17

91

16%

107

20% May
64% July

104

16%
105

27%

400

1,700
•

21%

21%
f

18%

18%

36

8%

*8%
;1

♦109%

18%

104

8%
21%

*26

111

♦109M.

18%

105%

Dec

Nov

111

18%

100

Feb

22

*109%

22'A ;
26%

18%

16%

—100

8%
21%

8%

21%
26%

18%

Peoples Gas Light A Coke_

44%

«

8%

8%
21%

*18% •18%

Mar 30

14%

24%

111

*109%

19

27%

*26

*30%

5

104% May

21%

27%

31%

7

Dec

8%

21%

*26

111

109%

8%

20%

<

27%

*30%

Jan

Dec

*8

8%
20%

20%
*26

100

series A pfd

conv

•

*8%

7

31

10% Feb

30

10

Co

*30 %

17% Jun

103%

Corp—

Cement

Glass Sand Corp com_.No par

5

Feb

93

1,500

19

29%

3%%

Oct

20%

7%

7%

♦18%

29%

Peoples Drug Stores Inc—i

9%

Apr

1,200
1,700

29%

♦18%

31% Mar 30

Mar 11

41%

300

12%

7%

12%

13

7%

12,400

25

•

*7

29

Light Co
No par
Pennsylvania RR
i_
50
Pennsylvania Salt Mfg Go com___lo

98%

July

7%

5,500

28%

28%

7

♦12%

100

2%

*24%

26

7'

42%

2%
*

28%

5%

7

Dec

May

7%

7%

28%

13 %

12%

48,900

*39

2%
28%

♦24%

7%

10

22

42%

2%

26

104

21%

:

19

Penn Power As

18% Mar

22

59

7%

♦18%

♦40

28%

7

*102%

'

22%

29%

Peoria

55

7%

18%

28%
♦24%

104

22%

18%

preferred

Pepsi-Cola Co

Feb

1,500

29%

11% Mar 30

Dec

19,800

17

25

11% Jan 19

40%

160

7%

17%

7%
v

No par

prior

conv

3

48%

25

12%

Penn-Dixie

110

42% Mar

28%

24

2%

♦12%

9

102

2%

27%

2%

12%

28

May

42%

2%

25

♦7%

300

2,300

Penney (J C) Co

47% Mar 28

107

42%

27%

12%

8 % Jan

104

44

♦40

2%

26%

7%

*102%

22%

7

7%

104 i

22 V«

♦6%

8% Feb
21

*102%

22%

6%

96 % Feb

Jan

44

♦24

25

13%
57%

7%

17%

6%

Penn

3

7%

♦17%

2%

26%

65,500

100 %

13%

7%

22

♦39

10

100%

■

103

103

21%

2%

3,800

*56%

14

17%

IVs

Oct

30%

103%

21%

40

100%

7VB

♦6%

Co

Rust Proof

20% May
24% Jan

•

*102%

21%

2%

9%

57%

99%

17%

7%

26%

5 %

10

Jan

103%

♦38

57%

-

18

17%

%

1

*13%

100

78,000

Penick A Ford

Mar 30

Mar 28

32% Feb

Apr
Jan

7

17%

♦102%
21

137/s

57%

6,l0O

4%

10 »A

9%

58%

*13%

39%

4-

4%

10%

100

3"%

38 %

39%

4

Shares

share

3%

*

7

6%
17

14

57%
100%

♦23%

Penn

4

14

57'A
100%

100

4 Va

9%

2.50

10% Feb
3
22% Mar 30

4
,

13%

57%

57
100

:

10

$ per
v

3%

37%

37%

4

4

9%

3V*

the Week

Apr. 1

$ per share

■

4

37

36%

3%

Transportation
No par
Patlno Mines A Enterprises—
5
Peabody Coal Co common
^5

28% Jan 21
111
Mar
1

Mar 22

15'

Apr

45%

:

5

109'/a Jan

20% July
: 22Va May

103

>

26% Mar 30

34% May

Oct

Dec

4

10

8

30

Mar 25

8

17% Feb

Jan

19% Jan

2

18% Mar 26

6%

36

Mar. 31

t per share

37/a

No par

Parker

23

Sales far

Friday

Thursday

Mar. 30

4

9%

13%

:*■

3%

4

YY 9%

17%

17% '

Parmelee

7

36%

3%

100%

♦6% •-;

1

Mings

Parke Davis A Co

35%

56

l

Park Utah Consolidated

3%

13%

56
♦100

.100

Inc

Park Ac TllfOTdlne

28

7% Jan

6% Mar

preferred

Paramount Pictures

28% Mar 30

23% Mar

23%

convertible

4%

8

3%

4 •• y
9%

♦13%

100

Panhandle Prod Ac Refining——
l
Paraffine Cos Inc com
NO par

8

2% Feb

preferred

4%

19% Mar

May
3% May
33% Jan

16%

Panhandle East Pipe L com__NO par

51

Mar

109%

3

26% May

34%. Feb

3%
9%

Pan

27
8% Jan
7
20
Jan
7

S per share

35%

35%

58% Mar 30

24

28

10
—No par

Mar. 2l>
$ per share

3%

*3%

Wodn todays

Tneodmy

Mar. 28

t per share

1

American Airways Corp
2%
Pan-American Petrol & Transp—5

Jan

Monday

Saturday

•1 Par

•

Motor Car.

Packard

10% Mar 30
16

Feb

,r

--YY

(1463)

RECORD

Mar. 26

Pacific Western Oil Corp

5

102 % Jan

Dec

2

8

4% Jan

97 V2 Mar 12

63/a

11%

CHRONICLE

LOW AND HIGE
".

Pacific Tin Consolidated Corp

43% Jan 10

18%

'

share

4% Jan

Apr

6%

Nov

4

$ per

share

62% May
5% May
11% May

Dec

STOCK

EXCHANGE

'Lowest

Y?

'

3Va

YORK

STOCK

NEW YORK

Range Since Jan. 1
Highest

•

Year 1948

Hiffhest

FINANCIAL

STOCKS

Bang* for Previous
Lowest

&

10%

14

11
j

11%

11%

12

11%

12%

11%

11%

11 Vz

11%

3,500

13%

11

13%

Y

14

13%

13%

13i%

13%

13%

13%

13%

13%

11,600

6%

6M1

6%

6%

6%
23'%

6'/2

6%

8,200

23

23

1,000

63Ms

63'A

63%

18%

18%

18%

1,800
7,500

'

18

Feb

81

Mar

Jan

28% May

Mar 22

17

Mar 22

Jan

24

66 Vi. Jan

18

28

22

Feb

2

Pressed Steel Car Co Inc
4 M2 %

conv

$4.75

Inc

_No par

39% July

38

Jan

3

90 Ms Mar 17
417A Mar 29

Public

Dec

24%

Jun

20 ye Jan

3

227/8 Mar 29

Pub Serv El A Gas com

25

Dec

85

:■

Jan -14

28% Feb 21

cum

Service Co

$1.40

of

30 ya Feb

25

34 7A Jan

7

Pullman

42

25% Feb : 5

31% Jan

8

Pure Oil

(The)

101%

Feb

108 Ms Jan

26

X25

Feb

33

17%

Dec

25% May

7%

Feb

15

Jun

11

Feb

24

63%

Feb

Jan

3

Oct

75% May
11% May

70

6%

7% Jan

3

*89%

May

108%

Sep

July

26

107

Jan

26% Mar

6

5

28

Jan

10

22%

22%

23

23

231/4

62%

63

63%

63%

63%

63%

18%

17%

18%

18%

19

191/s

19%

*23

63%

18%

50

91

*90

90%

*89%

90'A

90%

*90y4

91

♦90

40 Ms

40%

40%

40%

41

41%

41%

41%

'41%

41%

41%

41%

2,900

22%

22%

22%

22%

22%

22%

22%

22%

22%

22%

22%

8,700

27%

27%

27%

28 V8

27%

27%

27%

27%

27%

27%

32%

33 y«

33%

341/b

33%

34 y8

33%

33%

32%

33

29%

29%

29%

30%

30

30%

29%

30y4

29%

30%

*107%

107%

Y -107%

107%
27%

♦107%

107J/2

107%

107'/2

27%

27%

27%

M CO

18%

18%

*18%

12%

12%

131/s

70%
8%

70y8
8%

70%
8%

8%

corn- -No par

27%

32 3/4

33

_No par

common

5% conv preferred '
Purity Bakeries Corp

63A

*22%
27%

Inc

Feb

*21%

63

18%

6%

20

Colorado

div preference

3

Nov

30 ye May
53
Jan

Jan

32 VB
x25 Va

21%

63
*

6%

_No par

preferred

Jan

20.

Apr

5

com

6%

21%

No par

Industries

32%

94

6%

preferred series A—50

Procter Ac Gamble
Publicker

1

com

29%

29 Vz

100

*107%

107%

___

-No par

*

*27

27 Vz

*17%

18%

*17%

27

27

90%

:

27%

r

91

V

7,400
9,300
20,300

*107i/4

107%

200

28

27%

27%

2,600

18%

18

18

12%

13

12%

12%

70

70%

70%

70%

Q
17% Mar 17

20Ms Jan 14

Quaker State Oil Refining Corp—10

18%

300

R
14% Jan

7

74% Jan 22
9% Jan

10

89

NOV

98%

Jun

92% Jan

4

95% Jan 24

25%

Dec

34%

Jun

26

3

29

22 %

Feb

X36

July

26% Mar 21

30% Feb

4

31

Jan

35

May

31% Mar 29

34% Feb

3

16%

Feb

27% July

36%

Feb

45

Apr

Jan

19% Feb

24

X37% Feb 15

31'

Feb

39

Jun

31% Feb

10

10

Dec

15% May

10% Jan

3

101

Jan

106

Nov

105
20

ll%

Dec

18

May

Jan

7

Mar 26

11% Jan

14

Jan

19

12%

12%

12%

12%

No par

70%

71%

70%

71

1

8%

8%

8%

8%

pfd
100
Raybestos-Manhattan
No par
Rayonier Inc common——1
$2 preferred
25

*94%

95%

94%

94%

95i/4

95%

95%

*94%

*27%

28%
26%

27%

27%

27%

27%

27%

27%

26

y4

26%

26%

31%

31%

31%

31%

Radio Corp of America com—No par

$3.50

8

Dec

14%

Dec

25% May

8'A

Dec

13% May

52

Dec

Jan

5% Mar

Jan

31

23% Jan

25

Reed Roller Bit Co

13% Feb

18

7

Jan

3

43

36

Jan

7

12% Mar 31
106

4

8% Jan 27

4
8% Mar 22

21% Mar 29

18% Jan

66

Aug

50% Mar 21

8%

Dec

15

% May

8% Mar 25

78%

Dec

99

Aug

10%

Dec

29%

6%

Feb

2 % Dec

5%

22%

Nov

Feb

103

Jan

15

Dec

82%

Feb

preferred

Reading Co common
50
4% non-cum 1st preferred——50
4% non-cum 2nd preferred
50
Real Silk Hosiery common
5
7% preferred
100

23% Jan

Reeves

Reis

17%

1st

Radlo-Keith-Orpheum
Ralston Purina Co 3%%

9% Jan 24

Bros

:

50c

$1.25

Reliable

div prior

Stores

78% Jan

4

83% Feb

3

8% Feb

25

12% Jan

8

Reo

6% Feb

25

8% Jan

7

5% May
11% May

2% Jan

3

3% Mar 30

5% Jan

4

7% Mar 30

No par

5
_100
,_50c
25

Republic Aviation Corp

33%

Oct

23% Mar 22

111% July
21% May

103% Mar

102

-93

Oct

13

For footnotes see
page 26.




9

27% Jan

7

Jan

31

16% Jan

12

110

Feb

5

Mar

8

99% J an

5

*41%

32%
20%
43

*32%

33%

*12

13

*110
20

*11%
*5%

10

preference

Corp.

Reliance Mfg Co common

Jan

7

Jan

20%

No par

Inc

13% May

3

10

32%

112%
20

26 %

26%

31%

8%

31%

21

21

26%

21

*41%

33 %

33%

13

*12%

12%

*110

112

'11032

20

20

33 %

*11%

150

28

400

26'A

26%

3,000

31%

31 Ms

1,000

21%

21%

21%

26%
31%

21%

41%
*32%

43

*33

>

47,300

95%

*27

21%

21%

43

*41%

21%

*94%

95%
27%

73,400
1,000

9

8%

9

41%

*40%

43

40%

*32%

33%

32 y2

32'%

121/2

12%

12%

12%

*12'/a

1,500

40%

33%

Y

111

*110

*20

21

*20

11%

12

12

ass

.

*110 :>V

►

300
'

111

111

*110 Y

21

20%

20%

20%

20%

12%

12

12

12

12

111

ll7/8

*11%

6%

Y 5%

V6Y,

*5%

6 %

*21

21%

21%

21%

*21%

8%

8%

.8%

8%

8%

8%

52%

52%

52%

*52%

600

1,000

8%
53 %

12%

300
400

12%

(Robt) A Co—

Conv pfd 3%%
series
Remington-Rand common
$4.50 preferred

54% Feb

*26

*27

70%

Motors Inc

Republic Pictures common
$1 convertible preferred
Republic Steel Corp com
No
6% conv prior pfd series A
Revere Copper Ac Brass com—No
5%% preferred

*21

*8%
*50%
8%
*77%

9%

1

1

50c
10

■•

7%

21%
8%
52

8%
80

9%

2%

W

6%

6%

8%
*50%
8%

*77%

52

8%
80

2,300

8'A

20,300

3%

3%

3%

3%

6%

6%

7%

6%

6%

23%

23%
105%

13%

14 %

*96

98

23%
*103

14%
*96

100

3Y'

6%

*103%

16,200
*

9%

3

13%
97 %

10

8%
79

7%

3

23%

8%
*77

/ 100

1,600

9%

3

105%

:•

1,200

22

8%

8%

13%

9%
79

■

9%

9%

7%

23%

*21%

7%

9 Va

7%

*103 %

*77

6 Va

6%

6%
22

9%

9%

100

8%

9

79

9%

par

.*96%

8%

*77%

7%

par

100

*51%

*6

„

V

7

24%

24%

24%

23%

104 %

*103%

104 7/s

*103%

15%

15%

98

*96

15%
98

14%
*96

7

24%

9,500
4,200

104'A
15

98

31,500
7,700

24

COMMERCIAL

THE

(1464)

Range for Previous
Year 194S

Range Since Jan. 1

HighdsF'^

Lowest

8

Dec
Nov

29%

Mar

104%

5%
43

99

Feb

25

5% Feb

103% Feb

Rexall Drug

6% Jan

6

3

5%%

Reynolds Spring

42% Mar

7

45

Jan

5

85% Jan

3

90

Jan

31

Preferred

3.60%

102% Jan

4

107

Mar 25

Preferred

4.50%

23

Dec

24% May

16% Feb

15%

Jan

49

Jun

24% Jan

3

17%

Dec

28'

Jun

18% Feb

23

4%

Sep

6%

Feb

19% Jan

7% May

4% Mar

13

30% Jan 21
21

Jan

4

July
29% July

22

Feb

24%

21

,

12

5% Jan

8% Mar 25.

12

Common

7

Robertshaw-Fulton

3

1

25 Va Jan

Jan

4

26

25

18% Feb

3.

72

May

49% Feb

16

55% Jan

8

Dec

18%

Jan

8 % Jan

3

54

8%

16%

Nov

21%

Dec

113

16% Jan

Jan
Jun

107%

Sep

39%

Feb

61%

8%

Feb

16% July
48% May

32%

Feb

Feb

8

Jan

139% May
101

87

8

Feb

79

Feb

42% Jan

98% Mar 22

Jan

Jun

Jan
Jan

9% Jan

80% Jan

Jan

85

10'/a Mar 19

12% Jan

24

30% Jan

51

May

46% Jan

6

88

Nov

95

Jan

93

9

87%

Nov

93%

Apr

88% Mar 23

Feb

12

Dec

15"%

Jun

79

Oct

87

Apr

13%

Feb

26% July

44

Feb

62 %

Jun

49% Mar

4

15%

Feb

20%

Jun

16% Jan

4

35%

Feb

59% May
8% Oct

36% Feb

7

'5% Jan

27

34% Feb

15

5

Mar

31%

Feb

43%

9%

Dec

5%

Dec

12%

94

Feb

Jan

18% Jan

x9% Mar

Jan

*50

51%

*50%

51%

50%

11%

^,11%

11%

11%

11%-

18%

19Vs

19%

19%

19%

*110%

111%

110%

110%

39%

40 Va

39%

series

5%

A

19 Va

Regis Paper, Co

8%
36%

37

102

100

Scott Paper

Llec

facranton

Co

:

preferred

'

7

Shamrock

7

46%

Oct

27%

Jun

22% Jan

Feb

79

Dec

77

9

Dec

15%

Jan

12

Mar

14

Oct

32

Feb

25

79

8% Feb

5

Jan

7

&

Gqs

7%

7'/a

7%

38%

38%

38%

38 Va

38%

37%

38 Va

*9%

10%

10

10%

10 Va

10%

10

10%

*5%

6

"5%

*5%

5%

6

*5%

6%.

8%

8%

8%

9

6

8%

*77

*95

33

33%

33%

34%

28%

28%

23%

2.9

78%

78%

*77

79

79

12%

34%

34%

34%

5%

5%

Coalition Mines—
5
Co—
-——"—•—No par

*3%

3%

3%

3%

3'/a

*24%

24%

24%

24%

247a

25

*33%

35

33%

33%

35

35

21%

21%

21%

22 Va

22%

•

92%

Feb

—

—.-15

18

Feb

25%

Oct

18% Feb

8

21% Jan

7

Sloss-Sheffield Steel,& Iron

—20

*18%

19%

19Va

23

Dec

35%

J\m

20

Feb

7

25

Jan

7

Smith (A O),corp———

—10

*21%

22Va

*21%

Jun

27% Jan

3

31% Jan 24

Smith (A) & Sons Carpet Co

17

*28%
87%

29%

84% Jan

Simonds Saw & Steel—1N0 par

Jun

99

127% Jan

7

Skelly Oil-Co.

23

147/b

Feb

96

Nov

Feb

24

7

4V8 Jan

15

Jun

99

,.5

3% Nov*

Jun

104%

May

3% Jan

3

Oct

7% Jan

17% Jan

8%

Mar

preferred

17% Jan

7

Socony Vacuum Oil Co Inc

100% Jan

24

Solvay American Corp 4%

11

South

Amer

8 % Mar 12

South

Carolina

.

E

Feb

45% Aug

40

1

44% Feb

15

Jun

60

Oct

53 % Mar

3

Nov

16%

Jan

11% Feb

24:

56% Feb
12% Jail

12

Southeastern

44

Aug

26% Feb

26

39% Jan

10

South Porto Rico

42%

Jan

36% Jan

&

36

Dec

25% Mar

30% July
I 30% July
62% July
50 % Jun

Feb

43%

Feb

33%

Feb

58%

Feb

70

65%

Dec

73

Jan

7

40

Feb

18

29% Jan

5

31

Jan

26

28% Jan

July

5%

5%%

3

3

33% Mar

x39% Feb

8%

7

Southern

7

Southern

Railway

26

66% Feb

9

$ per share
12%

Range Since

Highest

Lowest

$ per share

4

Feb

20% May
7% Jun

4

Dec

$ per share

8% May

Dec

Spear & Co common

Jan

68

Jan

24

Jan

21

Feb

7

24% Feb

24

29 % Mar 20

7 % Jan

3

10% Mar 31

71% Mar

1

24% Jan

7

20%

Feb

30% Jun

7%

Dec

14

May

61% Mar

74

May

5

70

Feb

Feb

23% May

14% Feb

7

16% Jan

7

29% Jan

23% Feb

5

27% Mar 30

103% Mar 17

Nov

19%

Dec

79%

104

64

Jan

..

'

100% Feb

16

Jun

17% Jan

28

21% Jan

10

91%

Oct

Jan

29%

47% Nov

Jun

83% Jan

20

88% Jan

6

27% May
Oct

18% Jan

3

98% Jan

3

115

130% Apr
67% Jan

86

Feb

109 %

97%

Feb

121

Oct

*37

109

Jan

4

54%

Jan

73

Jun

56% Feb

11

36%

Feb

53

Jun

36% Feb

8

26% Mar 24
Mar 24

1
8

44

55

54%',

54%

54%

12%

12%; V

12%

12%

30%

30

30%

38%

43%

41 Va

41%

34%

34%'
53%

*

T

64

63

16% Jan

18

38

Feb

41% Feb

17

44

Jan

24

36%

Nov

43% May
41% May

31% Feb

9

38% Jan

7

11% Mar

15% May

10% Feb

5

13

32% Mar

39%

Jun

35% Jan

3

39% Mar 30

88

Feb

97

Jun

94

6

23%

Dec

12%

Feb

36% May
16% May

3

4%

4%

"4%

*4Vs

*69%
21 %

70

*69%

21 %

*21%

28%

28%
9%

9

67%

•

*15%

1

*25%.
*101%

18%
*84%

No par

Jan

18

3%%

_No par >

No par
No par

4%

Steel

preferred
(The) L S

Sterchi Bros

Stores

Inc

?5%
113%
127%
40%
<66%

Stewart-Warner

7

Dec

18

Jan

9% Jan

3

10% Mar 30

15

Dec

20

Jan

15% Jan

4

17% Mar 14

11%

Jan

18% July
29% Jun

Corp
.—5
Stokley-Van Camp Inc commonl—1
5% prior preferred—
20

12% Feb

25

15% Mar 30

Stone & Webster

16% Feb

10

21% Jan

Studebaker

6% Feb

7

7

_

,

No par

1

Corp (The)

39

*94%
25Va
12%
*10%
*16%
14%

18%

15

42%

11%
39

35'/a

10,700

54

54'%

800

63%

63 Va

30

66%

Mar. 31

£ per

12

11%

11%

t

5%

*69%

70

*69%

70

22

21%

21%!

*21

21%

21%

21%

500

29'/a

28%

29%

28%

28%

28 Va

28%

10,100

9%

9%

10

9%

10 Va

9%

9%

19,200

67%

67%

68

*67 Va

67%
15%

27%.;

16%

27%

102%

102%

102%

18%

19%

18%

*84%
25%

%

102%.

25%

16%

3,900

27

l,90O

102%

102%

102%

90

18%

18%

18%

18%

12,600

85 V a

85%

.25 Va

..

*85%

85%

25%

24%
-112%

200

25%

"

113%

113%

113

113

128%

129%

129

129

24,700

,

1,100

129%

130%

3,500

62%

64

64 Vs

64%

63

64 Va

62%

63 Va

12,000

39%

40%

40 Va

40%

39%

40 Va

39%

39%

13,500

xl28

67%
24

128%

68%

69 >'

100

*98%

15 Va

16

'

68 Va

24 %

99

16%

15%

42%

42%

*42%

i:

68%

24

100

15%

42%
33%

'

99

69%'
24%

24 Va

24%

*98%

67%
23%

r68 %

',*98%

99%

157/a

15 %

15%

43

42 Va

42%

200

34%

200

12

11%

39%

39%

39%

•39%

39%

96%

96%

97

97

*95

98%

25%

25%

25%

25%

25%

26

12%

12 Va

13

13 Va

12%

13

17
14%
18Vs

180

68

15%
97

V*
102%

39%

17
'
14%

70

*67%

16%

11%
39 Vb
97

25%
12%
10%
17
14%
18%

5

*68%

27

113

13%: 113%

*4%

5 V4

68

15%

85

25 Va

26 Va

,

,27

19

85

85

*4%

16%

27%

16 Va

xi

>

*42%

*94%
25Vs
12%
10Va

600

70

26%

67Va

39

6,800

9 '/a

24

*10%

300

5 %

5

5

4%

*98% 100
14% , 15
*41 % 42%
*32%
34%

-

Shares

12

*11%

12%

5%

the Week

Apr. 1
$ per share

share

•11%

5%

5

Sales for

Friday

Thursday

Mar. 30

28%

26%
102%

24

*62%

4%

*4%

16

18%
18%
*84%
85
25
25%
114
114
128
128%
62%
62%
39%
40%

97
25Va
12%
10%

18%

4%

67%

.

15%
26%
*101%

24

*11

28% Feb 18

27

62

1

—

14% Jan

100

18%
85

.25%
*112
127%
61%

35

Sterling Drug Inc common—
5*
3%% preferred
—1-100
Stevens (J P) & CO Inc
—15>

Jan

102%

*33

—50

*67

15% *
.26%

No par

convertible

Starrett Co

'67%

98%

.

Spring common—1

9

9

98%
14%
*41%

100

preferred series A

Standard

'

40

•

*10%

28%

28Va

k

66%

25

11%

4%

1
2

15,800

34%

35'/a

$ per share

$ per share

■

*4%

23%

Feb

$ per share
11%
4%
4%

11%

*10%

43'/a

35%

55'%

43%
'

Wednesday

Mar. 29

Mar. 28

300

38'%

HIGH SALE PRICES

Tuesday

Monday

*37%

*62%

55%

*62%

'

*54

35%

*52%

'■>

$ per share

common—10

14

14

Par

Jersey—.—25

Oct

2,400

42%

NeVr

15%

30'%

43%

Ohio

11% Feb

30

41%

of

Mar 10

2,700

41 %

of

100

12%.

4,300

Oil

4

600

54%

12 5 a

7,400

Oil

Jan

200

44

54%
.

30 %

Standard

25

97

>44

44'%

32%

Standard

22% Feb

Jun

7,200

32%

Indiana———25

of

*43.

6.400

7%

x30 Va

7

7

Jun

97%

16% Mar

46

500

4

32%

com—No par

of California

OiJ

7%

-

30%

7

65% Feb

35

Feb

prior

7%

99%

3%
7%

3%

38%

74% Jan

92% Jun

Oct

12

$7

-

15%
*99

1:

3%

30%

5

preferred—
preferred

Standard Oil

43,200

15%

32%

E Co $4 pref—No par

prior

16 Va

15%

30
500

*37%

._No par

preferred

$6

1,300

33

No par
Inc

15%

30%

70

————

Brands

15%

15%

87%

32%

26% Jan

Feb
Nov

89

24 % Jan

$3.50

99

27%

30 %

22

.

preferred

Standard G

99

*86

32%

Standard

69%

Jan

;

preferred

Standard

99

30 %

*69%

Squibb (E R) & Sons common
$4

87% •'

99

37

*21 %

:

$4.50

28%

87%

%

99%

32%

1

;

Conv

7,200

28%

28%.
88

88y
100" "

30 Va

42% Mar 14

23%

9%

>38%

No par

-—>

Squar" D CoT

28

700

30 Va

No par
—1

Sperry Corp (The)
Spiegel Inc common—
1

2,500

*32Va

1

Spencer Kellogg & Sons

3

15%

21% Aug

$5.50 preferred

1,000

22 Va

28%

28%

Saturday

,

7

73

19%

22%

117Va

25

Spalding (A G) & Bros Inc
Sparks Withington——;

29%

*19%

22%

117%:

*115

28%
37

—25

'

7

Dec

19%

22 Va

19%

x22%

LOW AND

7

Aug

19%

22%

19%
22%

12 %'

y

Mar. 26

.6% Jan

63

95

*28

YORK -STOCK

13% Jan

22

20

19%

*115 Va

55

54%
12 %

EXCHANGE

15

Jan

118

2?%

*43%

46

300

41.800

y:

22 Va

77/a

54%

2,800

35%
22 Va

*35

8

7%

64

25

5

22 7

7%

No par

4% Feb

Mar 22

34'/a,

22'/a

7.50

10% Feb
4

34%

23 Va

22%
-116%

7%

*62%

.

36

*34 Va

7% a

35

.

24%

3%

common—No par

"

24%

3%

54

$ per share

25%

3%

Mobile & Ohio stock tr ctfs2__100

'

24%

3%

34%

NEW

25%"

3%

*52%

Jan. 1

4,500
4,200

15% ''
16%

100

Highest

5%
3%

99

*43%

6,700

5%
3%

99

*12

34%

5%

16 Va

'

300

3%

.

16%

com_4.50

3,200

5%

•

99 %

"

9 %

•

22%

STOCKS

Year 1948

34%

34%

5%,
3%

25%

19Va

15%

.

12%

34%

13

16

preferred—-

non-cum

Range for Previous
Lowest

*98

9%

*12%

10

99%

Pacific1 Co—

Jan

Mar 30

200

10

*12%

15%

1

Jan

63

5,600

78 %

99%

Edison.

41

5%

4,100

29

78%

16

Southern Natural Gas Co

61

49% Jan

34

28%

78 Va

99%

50

33% Mar 23

24

*33%

29%

15%

Sugar com_No par

California

*86

*15% >15%

.—50

50% Feb

24

34

30%

3%

>

28%* .28%

87%

10

4,600

30'/a

33%

;

*98%

Greyhound Lines-j—5

preferred——

Southern

115

6,900

28%

35

5%

3%

118

96

15

preferred—
conv preferred

4

*11414

115%

5%

*94 Va

pfd—100

Co

G

115%

100%

*98

Platinum—,—1

Gold &

11%

20%

.-'—100

=

Smith & Corona Typewriters_No par

39

36% Mar

—100

preferred _i_

52

Mar

115%

com—20 '

8

13

; 5% Mar

-

21%

Corp—_No par

'

3%

■

100

9

96

*78

78%

34%

1,500

6%

8%

30%.

34%

29%

5%

Sinclair Oil

11

*5%

25,000

30 %

.

29

34%

7

Feb

8

.

9

*94 Va

34%
*78

5%

7

15

30%

34%

Jan

Jun

30%

30%

5%

—

24

26

30%

30%

34%

Oil

Corp of America

36 %> Jan

Dec

95

1

Simmons

3%%

95

——15

' 7

4.20%

96

13

Silver King

88% Feb
3
1Q0% Mar 25

*94

97

10

11

15%

8

9

9%

9%

25

.

6

:

*12%

19% Feb

3.

.

8%

9%

Sheraton

1,300

8

*7 Va

37%

12%

31% Feb

95% Jan

1,600

3,400

9%

9%

Jun

98

%

7%

12%

Jan

Sep

18

39 %

37%

9%

-44

91

18%
38 Va

7%

9%

12

300

51

*50%
■

9%

Feb

Apr
July

•-v.'.. .7%*

20

4,100

16%

36%

Dec

39%

'

85

16%

52

*50%

3.4CO

13'%

*84

7%

15

90

51

12%
'

10

34

Dec

51

*12%

27% Jan

Dec

17 Va

'

17%

>9%

25

27%

51

16%

16%

12%

Pen Co

22 Va Feb

80

16%

13%
85

*9%

4% Jail

•

15%

13 %
85

*12%

5% Mar 29

14.

13%.''
85

13%
*84

1

(W A)

May

Feb

'

*8%

"

No par

36

160

;

37%

Dec

32%

13%
85

*9%

*7%

25

,

13 Va

37

5

5

$3.50 conv pref series A—No par
(Frank G)
-Nopal

Shell Union

5

3

Mar 22

88'/a

18%

33%
28%

21

Feb

Jan

95 Va

*87%

39

33%

"

3

*93

18%

*28%

Jan

31

,5

49%

95

88%

15%

30%

39%

Jun
Jan

7% May

*49'%

*93

*87%

49%.

38%

31%

Sheaffer

7%

1,200

49%

95

88%

49%

18%

Shattuck

46%

5,500
19,300

*93

39%

Co

20

11%
27'%

*87%

49%

18%

*30%

10

Feb

11

26:%

95

39%

1

Oil

Mar 11

Dec

11%
27%

;

14,400

84

: *83

84

11%
27%
*49%

■

18%

97

Feb

Dec

*83

84%

30

8%

8%

8%

39%

*95

14%

3%

*83

*

8%

«

18%

No par

Co

preferred

10

4%

8%.

51

common

12% Mar 21

28%

8%

38%

Steel Corp-*r
'—No par
Sharp & Dohme common-—No par

29% Mar 31

10

90

88%

*84

85

4,000

102

*86

*93

13%

50

38%

*38 %
*97

*87%

49

51

39

90

11%

15%

23,500

105

28%

16

10

105

11%

13%

9%

*86

28%

*84

10 Va

38%

4,500

90

83

49%

150

39

104

28 Va

95
88%

5,900

19%
110%

38%

104

8%

83

1,000

39 %

*86

-11%

85

19%

111

9%

39 Va

500

110%

•19%

110%

,

*

I

37% Jan

4

Feb

•19%
>

50
18%

Sharon

Feb

11 Va

90

10%

*50

1

Mar

50

11

10%

27%

*15%

1

Jan

50

11%

38

Servel Inc

27

50 Va

18%

Seiberling Rubber Co
$4.50

50%
*11 Va

37%

7

5

Va

10%

49

•

1,400

39

27%

*93
*87%

,

4,500

17%

18%

7

Feb

49

400

2 6 Va

17%

40

38%

-

24%

25 %

17%

37%

1—
&

38%

*23%

26

24 V2

37%

Seeger Refrigerator

Roebuck

9

%

100

26
17%

*23

*18%

Sears

Mar 30

Feb

6,500

1

Seagrave Corp

95

68

9 Va

26 %

10%

*84

—100
1

7

6% Jan

30

9

-

No par

A

Del

8

11% Jan

17%

1,600

9'%

9 Va

105

8%

84

24%

25

27%

95
88%
13%

13V8

t c—No par

series
of

Co

*48%

*37%

—100

v

com

.

37%
*86

8%

24%

9%

*99%

90

8Va
*82%

10%
27%

*93

No par

pfd

preferred

84

10Va
27%

9

102

*86

8%

*82%

No par
,100
(The) common—5

Seaboard Air Line
5%

8%

5

Co, 3.65%

*99%

90

-1.75

Co common—

$3.40 preferred

3.35%

*86

common

4.40%
Corp__

Scovill Mfg

8%

*99%

c

5
series A—.—.—100

pfd

111

" 40%

41%

*41

100

t

preferred—

non-cum

19 Va

112

*111

Co—100

v

Louis Southwestern Ry

Jan

•

4%

19%

111%
41
8%
8%
37%
37%

5
___10o
10

Mar 31

31

19%

4%

50%

11

1st

7

29 Va

*18%

4%

"

11%

-1

41,100

28%

19%

%

51%

Finance Co

101%.

9

*11

11% Jan

3

9%

*49%

11

.

9

—_No par

preferred
Lead

1,700

29%

17%

Joseph

17%

4%

Xl7%

5

230

17

28%

17%

(Jacob)

200

89%
106%

106%

*18%

9

8%

*89

18

4%

26

1

Feb

19

4%

24%

26

8

30%

19

4%.

17%

Oil

8

29%

19

25%

Seaboard

39%

29%

4%.
24%

Seaboard

&

28%

*18%

17%

17%

19% Mar 18
Jan

17%

23%
25%

46

8

5% Mar

Jun

Jun

36%

55

17%

320

45

*44

45

89%
107

106%

4V2

8%

Savage Arms

7

•

17%

107

17%

7

11

*89

17

19

8%

Schenley Industries Inc

20

Feb

Jan

104

24% Nov

14
86

14% Feb

Nov

14%

3

5

*43%

89%

*106%

25%

St

8

Jan

45

*89

89%.
106%

23%

13

Jan

83

12% July
8% May

9% Dec

Jan

91% Mar

6,300

17%

5%

49% Mar 30
X96

36%

25%

Preferred

12

39% Mar

36%

24%

St

7

25% Feb

Feb

36%

17%

27

5

15 % Aug
35% May

8%

36%

4%

4%

*8%

St L-San F Ry Co coin v t c__No par

7

25% Mar

*18'%

1,700

36%

25'%

19

8

28%

19%

6%

*23%

5%

25

91

28%

28%

*18%

40

*6 Va

1

26

122

16

7% Feb

13% May
91% May

Feb

.

6,500

6%

2

St

12% Jan 25

36% Mar 22

67
58

16%

17

com__l

Safeway Stores common

3

24

*16%

17
27%

y

21,100

21%
102

6%

44%

43%.

•

89%
106%

102

6%

25

16

48% Jan

43 %

89%

106%

4%

21%
101%

.

6%

,

1

Ruppert

113% Feb

1

43%

89%
106%

*4%

preferred

conv

Royal Typewriter
Ruberold Co (The)-T_

19% Mar -.8

3

38% Apr

*43

89%

106%

21%

•101 %

Ronson Art Metal Wks Inc_

% Mar 30

12% Mar 12

110% Mar 30

Jun

4%%

43%

36%

*88%

101

4%

4%

21

Shares

Sper share

36%

6%

36%

36%

36%

4%

...

Sales for

the Week

Apr. 1

$ per share

21%

101

Friday

Mar. 31

5

4%
21

103

6%

*106%

Copper Mines
Controls

6

6

36%

4%
21%

*101

Thursday

,

$ per share

4%

102%

j

Mar. 30

20%

20

*101%

6

*43

lOO^P
-100

Rh^em Manufacturing Co__—
1
Richfield Oil Corp
No par
Ritter Company
No par

10% Jan

17% Feb

Mar

36%

10

__

Roan Antelope

27% May

Feb

17

10

Tob class B

5*

Dec

19%

5%

20

PRICES

Wednesday

$ per share

4%

4%

102%

series—

17

15% Mar

*101

series

Dec

(R J)

Mar. 28

4%

100
1

Jun

Reynolds

4%

SALE

HIGH

Mar. 2!)

$ per share

20 %

—

Jan

103%

Dec

25.

Mar. 36

*20

convertible preferred

94

Oct

Jan

$ per share

No par

Jan

37

/

2.50

Inc

Reynolds Metals Co com

3

7

34% Jan

6
26

Jan

v> Vy

Monday, April 4, 1949

Tuesday

Monday

Par

;

*

60

Dec

80

Jan

5% Jan
23

8

CHRONICLE

LOW AND

■

41%

Dec

103%

19% Feb

11% May

Dec

33 '/a

Apr

FINANCIAL

-Saturday

EXCHANGE

.

..

$ per share

4% Mar 23

May

4%
19 %

BTO£KS
YORK STOCK

NEW

Highest

$ per share

$ per share

$ per share

92

Lowest

&

33%
11%

...

••:

10%

11-%

33

*33

•

15%
19%

23,300

18,100
200

-

13,900

*11%

11%

600

39%

11%

39%

6,900

*95

200

25%

25%

5,000

12%

.

98 Va

13

2,600

10%

17

18%

11%'
r

33

;

24

10%

10%

*16%

10%

17

14%

.

34

*32%

,

16%

16%

10 Va
16%

16%

16%

15%

14%

15 Va

14%

15

19%

18%

19%

18%

18%

7Va

7%
93%

15

19 Va

10

U

10%

5,500
800

4,900

23,400
*

^

•

f

6%

Nov

11% Jan

91%

Dec

98% May

50% Mar
113%

Jan

90

9%

Feb

July
15% May

17%

Dec

21 %

Dec

26 %

Jun

34% Mar
9

Dec

140

Mar

13%
31

43

18
26

60

Jan

3

17

119

Feb

24

x9% Feb

24

11% Jan

8

16% Apr

1

17% Jan

13

Xl7% Feb 24

July
Jun

Feb

10

117

36% Feb

11% Mar
235

7% Jan
94

Jan

Jun

18%

8

52% Feb

70% Nov
120

Jan

14

7% Mar 25
145

Feb

7

19% Jan

7

40% Jan

13

9% Jan
168

6

Jan

11

Dec

19%

Jun

12 % Mar 23

14% Jan

12

Dec

44%

Jun

31

36

16%

Jan

8% Nov

For footnote.*

page 26




Mar 16

7% Feb

25

Sun

Chemical

Corp

common

$4.50 series A preferred
Sun Oil Co

Sunray Oil Corp
4%%
4%%
Sunshine

No par

pfd

Biscuits

series

B__

Superior

—12.50

Inc

10c

of California

Steel'Corp

L

25

*93%

95%
59

*117%
10Va
*16%
.

*18%
39%

8%
*146

119

7

Sutherland

9% Jan

5

Sweets Co of America (The)

,

*117%- 119

18Va

39%

39%

39%

8%
156

*12%

12%

32%

32%

*8

7
95
*58 ...59
-

18%

16%

10

4.16%

6%
*93%

10%
16%
18%

10%

—50

Jan

Paper Co

25
25

7

*58

.

1

series A—

Sunshine Mining Co__

Superior Oil

7

100

common

preferred
preferred

1

No par

common.

Class A 4%%

J

8%

10Va
*16%

8%
*146

12%
*31%
*8

8%
156

12%
32%
8%

7

*93%
*58

*117%
10%
16%

7 Va

7%

95 Va

93%

7%:
93%
59

93%

58%

58%

600

118%

118 Va

30

20,400

10%

11 Va

10%

16%

16%

*16%

40

8%

19 Va

19%

19

40

40

40

8%
153

*150

158

13

13

13%

32%

32%

8%

8%

8%.
153

80

58%

10%
16 %

39%

5,000

118%

118%

V

7%
95

58%

*117%

187/B

7 Va

*93%

118%

118%

18%
8 Va

58%

59

<:

8%
*150

'

10%

10%

16%

16 Va

16'A

19 "

18%

19

3,100

40

39%

39%

1,600

9%

12,500

11

8%
156

'

8%
*146

*13%

13%

13%

32%

13%
32%

32%

32%

*32%

8%

8%

8%

8%

*8 Va

156

•

900

100

13%

1,900

33

1,300

8%

300

Volume

(1465)

Range for Previous

STOCKS
Loweat,

Highest

5 per
Dec

36%

28% Jan

Dec

22

Jan

8% Jan

3

Feb

26

Jun

20% Feb

1

Dec

91

4% Mar

9

% Mar

Jan

82

Aug

11% May
5% Jun

Nov

xl5% Mar

67

Saturday

Monday

Mar. 26

Mar. 28

2

7

&

Co

$ per share

25

30

InternationalLtd

Symington

Talcott

4% Jan

Gould

Inc

Tennessee

55

Texas

Jan

Corp

30

30

30

30 %

10%

10*%

21%

*10

,•

4%

..*85%

4%

10%

'•

10%

4%

10%

Co

25% May

13% Feb

17% Jan

Texas

58

65% Mar 11

Texas

19

Nov

71% July
25
Oct

23% Jan

Texas

Producing—
Sulphur
L
Pacific Coal & Oil—

Texas

Feb

"48 %

45%

Dec

10%

Dec

20% May

xl4%

Dec

24 V

5% Dec

40

May

Feb

10%.

10%

3

Texas

7

Textron

14% Feb

24

14 Va

Jan

6% Jan

8

25 %

Dec

46%

Jan

25% Mar

7

29% Feb

28

12%

Apr
Dec

15% May
10% May

12% Jan

3

13% Mar 16

34%

Dec

47%

Jan

35

6%

Dec

13 %

Apr

3

5%

19

Apr

7%

.24

Oct

39%

Feb

59

85

Feb

3%

3%

16 Va

16'A

16%

53%

53%

53 Ya

54

53 Va

54

14%

14%

15

15%

64

64 Ya

64%

64'%

64%

19%'

19%

20'A

19%

44'A

53%

53%

19%

95%

Feb

10

6

39% Feb

U

Jan

%

86

Nov

3% Jan

20% Feb

25

25 % Jan

3

105
19

39% Jan

4

Jan

10

Jan

Nov

22 % Mar

10

Jan

4

Nov

23%

14%

Mar 28

96

Feb

10% May
107% July
19% Aug

Nov

12% Mar
17% July

31%
92

36%

4%

Dec

5%

14%

Mar

10

102% Jan

Axle

Corp
$6 preferred—
Truax-Traer Coal Co

13

conv

preferred

98%

Jan

13

100% Mar 29

$4.50

prior

preferred

17

Jan

3

7% Mar 14

Twin

Feb

11

29% Mar 14

5%

Jan

5% Feb

IT

6% Jan

7-

Coach

Twin

Co

15

15

65

64 Ya

64%

64

Va

64 '/a

2,800

20 Va

19%

197

18%

19%

7,000

43%

44

42

42

10%

10'A

10'A

4,600

15%

15'A

15%

15%

15'A

15

15

1,200

6

3,300
310

•

V

5%

26%

*12%

13%

44

*42

5%

5%

27

87%

5%

*25%

:

26%

27%

27%

13%

*12%

13%

5%

5%

36%

36%

*36

4%

4%

4

*19 %

19%

8%

2%
25-%

*8%

25%

17%

17%

17%

41%

J1V4

11%

12%

12%

14%

14%.

7 Vb

7

V

13 %

7%
1

*26 %

23 %

22%

104%

17 Va

6,400

41%

42

2,900

11%

11%

11%

11%

5,100

12%

12%
16%

12 Va

12%

21,000

15

15

11%

12%

13%
17

*15%

"15%

7%

7%

99%

99Va

99 Va

7%
98

Va

12 Va

12%

12 Ya

12%

12 Va

21%

21 Ya

21%

21

21%

34

34'A

34

34

34

34

*99%

100%

6%

6%

6%

*25%

21 Ya

*25-%

27 Va

*5%

5%

5%

5%

.

100%

V

100%

6%

-

6%

27

7%

43,700

99%

290

12%

12%

3,500

20%

21%

19,900

*33%

34%

1,200

100%

10 va

44 Va

100%

99%

*6 Va

6%

*6%

27%

27 Va

27%

*27%

6%

lOVi

43'A

100%

6%

27 Va

6'/a

100%

6%

27

5%

•

J

500

7%

12%

20 Va

%

99%

7%
99

20%

100%

150

17 Va

42%

12

*6%

13,700

%

17%

34 Va

*99%

200

22%
104

17%

20%

pai

27 %

22 Va

104 %

42%

*33%

11%

3,800

17%

20%

■'

1,900

2%'

*26 Va

22%

34 Va

11%

41
88

2%

27%

*33%

20

8%

*8%
41

105

2,600
1,200

43%

11%

11%

15%
: 7%„'

99

26 %

19'/a

*86

3

104%

130

4%

17%

15

99

8%
41%

3,900

37

Vb

19 Va

88

3

5%

5%

43

,

12%

7Va

98%

99%

.11%
;;

41 %

*86

22%

42%

15

*8%

88

104%

42

12%

42%

26%

22% '
105

17%

11%

8%

41%
; 2%

41%

;

%.

19%

*86

3

*104%

4

19%

41%

17

7

*

1

5%
36 %

4

87%

99

21%
105

5%

27%

5%

19%

41%

2%

5%

*27

*12%

35 %

42%

*98%
11%

500

13%

5%
4

*86

11%

i;v'

5,200

27%

*12%

36%

*8%

41V4

2%

26%

5%

8%

41

3

a

44

19%

50

prior preferred

ennv

15%

300

42%

*35

15

par

City Rap Transit com—No

15

12,900
5,200

10%

.

12 %

*

.^.No par

4%
25

53'A

10%

3%

*86

21%

*42

—No par

Century Fox Film com—No

•"

*104%

5

$1.50

20th

52%

42

4

*8%

8%
41%

21%

•

1

21% Mar 30

900

53'A

44%

19

104%

.Nopar

34% Mar 29

16%

10%

5%

19

21%

No par

common

3%

16%

44

36%

3%

*104%

v

—5

;

Bearing

Tri-Contincntai

4

15% Jan

*25%

10

No par

Transamerica Corp
2
Transcont'l & Western Air Inc—'—5
Transue & Williams Steel.i—No par

9

5%
*35

87%

*27/8

No par

3

Jan

Dec

12

41 %
*86

'.

com—No par

6

8% May

32%

Roller

*8%

.

No par

..—100

com

*3 Va

16'A
54

'

—15
com_.

3%

16 Ya

'

41%

26%

13'A

19%

19% Jan
32% Jan

Jun

Jun

Detroit

Tlmken

*12%

*19

200

*3 %
,

10%

4%

13%

4 %

10%

*10

6,600

42

5

*12%

5%

4%

1.013 4

26%

5%

10

87

'

4%

26%

36%

preferred

Timken

V:!

5

10%

30

.15%

27%

4

Tide Water Associated Oil

$3.75

13

*35

preferred—

cum

15

_50

Products

10

16% Feb
4
7% Mar 30

Xll% Feb 24

Jan

100%

■>1

Mar 31

Jan

13% Mar 30

11

98% Feb

25% Mar

Dec
Jan

24

6% Feb

Co

43% Mar 30

19

9%

$3.50

15%

Corp__No par
(The)_,
.
1

preferred
Thompson-Starrett Co

8

11

Steel

*40%

10%

*26%

l

;

prefeired

43'A

40

10%

5

v

Transit

4%

8

29% Jar.

Jan

common

conv

Thompson

14

5

No par

Thompson (J R)

13

11

16% Feb

Co

div

Avenue

7-

Jan

Feb

103

Apr

$2%

9

45%. Jan
89

5

15%

5%

Mar

2% Feb
24

May

13%

Jan

Jan

Thermoid

43
40

10%

*15

•

No par

Thomas

9

Jun

55

Dec

Third

23

July
23% May

Dec

8

7% Feb

104%

40

7

7% Jan
20

32% Jun

Jan
Mar '

19

37% Jan

11

4%
31

17

6% Jan

2

43

41

*10%

—No par

preference

conv

19%

«■

43

50c

Fair

2

18% Feb

% May

$2.40

14'A

41

Ry Co_^___—100

Thatcher Glass Mfg Co common
The

19%

1

preferred

*10'A

3%

16 Va

_10

.

*

common*

conv

Mar 23

Mar

Jan

95%

19% Mar

5% Mar

Jun

10%

1% Mar

4% Mar 21

Inc

$1.25

1£% Jan 22

ctfs

Pacific

&

10%

*3%

14%

Jan

4%

3%

64%

11% Jan

'85%

4%

15%

14

share

86%

4%

3%

*64

46

28

Sub

86%

5

15%

1

8-

Feb

9

7

87

3%

No par

Mar 22

2,400
7,600
18,300

16%

Gulf

45

10%
21%

3%

Gulf

7

10%
21%

/

Pacific Land 'iVttst—

29

17% Feb

10%
22%

*15%

25

Feb

33% Feb

29%

21%

5

47

May
65% May

30%

10%

22 %j

5

Corp

15% Nov

Jan

29%

10%..

4%

r

87

4%

Shares

101/4

22%

87

fei

the Week

$<per share

22 %

10%

21%

*86

Sales

Apr. J

share

30%

30

Friday

Mar. 31.

share

per

X per

*85%

10%

21%

4%

9

Corp—

$

30 %

10%

87%
4%

Thursday

Mar. 30

$ per share

22

*86

1

(James)—

Telautograph

$ per share

PRICES

Wednesday

„

Mar. 29

21%

,

SALE

Tuesday

10%

Sylvania Elec Prod Inc com—No par
$4 preferred——.
—No par

17% Jan

Feb

49

Swift

7

10% Mar

3% Feb

Jun

Swift

21

Feb

5% Jan

7

10% Feb

19% May

.<

25

12

,

LOW AND HIGH

v

STOCK

Par

32% Jan

24% Jan
89
Mar

:>4% Feb 24

7% May

3% Dec
14% Mar
52

Jfin

YORK

EXCHANGE

$ per share

4

8%

17Va

NEW

Highest

$ per share

$ per share

■28 Ya

79-

1

Range Since Jan. 1-

Year 1948
Lowest

6%

6'A

6%

*6Va

100

600

6%

400

28

170

6%

2,600

U
Dec

12

Jaft

Dec

9%
39

59%

Jun/

16 %

Jun

9% Mar .)■

27%
37%

Feb
Nov

<

103

Oct

91

Feb

80 ;

NOV

;

21%

Feb

>

79% Nov

8% Feb

98

36% Feb
107

90

6V* Dec

94

Jan

92

Mar 31

11

31% Mar 30 '

Union

Oil

77%-Feb

25'

Union

Pacific RR Co

•

110%

89% Jail

2l'

51% Feb

15

36% Jan

5

107

Oct

19% Feb

15 V4

Jan.
Dec

36

Nov

9

7% Jan
38% Jan

29% Jan'

3

2% Feb

9

3% Jan

7

41 % Feb

Jan

10

44 Va Jan

2%

Feb

17

3% May

Dec

47% May

4%

Feb

9

'

2% Jan
41

3

Jan

4

May

Feb

33% Mar 17

45% Mar

24

5%.Jan

82%

Apr

60

Mar

IT

65

Feb

28%

Jun

17

Feb

23"

22% Jan

3

Feb

14

39 % Jan

'20

Jan

Corp

Fastener

Cig-Whelan

Stores

7

1%

*

preferred

Engineering & Foundry

Jan

46%

48

Feb

58 Va May

49% Feb

21

54% Mar

7

United

18%

Dec

23

18 Va Feb

24

21 Va Mar 30

United

11%

Dec

21% May

Gas Improvement

12% Jan

United

Merch

Jun

36

May

9% Mar 23

7

Fruit

Co

Range for Previous
Year 1948

Lowest
S per share

16%

Feb

89

Feb

15%

Feb

Range Since

.

Lowest

$ per share

$ per share

32% May

18% Feb

:

11

23

Jan

7

Mar

7

97

Jan

14

Feb

8

17% Jan

8

104 % Jan

20

166 Va

Nov

179

Jun

8

Dec

17 % May

Dec

76

97

Dec

42%

Dec

8%

Jan

36

4

Jan

9% May

10

179% Mar
8% Jan

8

57

Mar

Co

'

■

16

Mar

11% Jan

7%

*

Jan

7

14

9

21

3

14% Mar 30

Jan

7% Jan

-

49% May

Apr

38

Jan

14

1

Feb

123%

25

43

Jan

26

Jan

4

133

Jan

21

37%

Nov

58%

Jun

39% Feb

7

63%

Dec

72

Apr

64% Jan

13

87%

Oct

69

140%

Jun

Jan

134% Apr

45% Jan
72

3
1

12

Mar 17

78% Jan

27

140% Jan

26

Feb

19%

Jan

18% Jan

4

21% Mar 28

Nov

42% May
6% May

38% Jan

3

4% Mar

43%

Vi Feb

24

8%

Dec

12% May

8% Jan

3

85%

Dec

98%

Jun

6%

Jun

Dec
Dec

16

Feb

4

Mar

19

Feb

150

Feb

7%
42

Dec
Dec

14%

34'

Jan

4

81% Apr

1

27/a Jan
21'
Feb

3

4

(

8

25

Jun

15'A Feb

Jun

3% Feb

25

Jun

170

May
15% May

•70

V

19% Jan
156

May

Feb

27/4

9%

Dec

Mar

Feb

7

43 % Jan

15A May

Feb

Oct

"i

85%

Dec

94

86

Feb

Jan

95

For footnotes

May
Jun
see

20
-

7

Feb

1

24
,

Rubber

U S

Co

noh-cum

4

Va%

preferred—

Jan

7

11% Jan

20

Van

Norman

27,

Van

Raalte

Jan

Vanadium

Co

Va

60 Va

18'A

18%

1,400

37

36%

36%

36%

37

36

363a

37

37

37

37

2,900

50%

50 %

50%

51'A

52

51 Va

51%

50%

51 Va

20%

20%

50%
20%

51

20%

21

20%

21 Va

20

%

203'4

20%

20%

4,900

10

10%

10%

10%

10%

10%

10%

10%

10%

13,100

9%

10

10

Feb

10

Feb

1

21%

21%

22 Va

22%

95

95

95

95

16%

16%

99%

99 %

*179%

181 %

*16

*7%

23

22%

22 %

22%

22 Va

*95

95%

95%

95%

95 Va

95 Va

*16%

17 %

16%

16'A

16%

16%

400

99%

16%
100%

101%

100%

100'A

100'A

2,500

'179%

181 %

*179%

181 Va

'179%

*179%

181 Va

22%

101

101

181%

*7%

8

*7%

52

*50%

19%

19%

19%

19%

20

20%

4%

4%

4%

7%

8

7%

20%
4

4%

4%

20%

%

*4%

4%

*18%

19%
13%

19

19.%

19%

19%

19

19%

13%

14

14

14%

14%

14

8%

3'A

*7%

9

*7%

9

45 %
*55%

45%

45%

56%

"553,

86%

*126%

127%

23

39%

*7%

9

46

45%

46

57

*55%

57

22%

22%

*84%

86 %

41%

41'va

41%

x41

71 %

71

71

*70'/a

72'A

72%

72»A

73 Vv :■>

100

135%

135%

135 Va

par

25

*20%
*42%

21%
43%

1

*4%

4%

73%

135%.

■21

74

21%

21 Va

42%

4%

4%

*82

84

3%

50

IOV4
3'A

10V4

*82
•

3 Va

10

83

10 Va

83

3 Ya

*21%

25

*21%

1

*16

16 %

*16

16%

—1

5

com_No par

x

5'A

*20%

21

5»A

161%

8

8%

8'A

46%

46%

*46%

21%

21%

"f

•160

21%

*16

5'A

*20%

P*160

10O

25

-A
V

5Vi

20%

20%

161'A
:

162

.8%

8%

47

21%

<

703a

70 Va

1,000

73 Ya

136

135 Va

135%

134%

135 Ya

42,800
2,400

21 Va
43

4^8
"10'A
,

3%

:

:

.••>•

21
*42 >4

4%

*4Va

lOVa

10 Ya

83

3%

*82'A
3%

43 V4

4%'

10%
84

3%

*22

25

16%

16%

*16 Va

16 Va

5 Va

5%

5%

5 Va

21 Ya

21

*162

164

V

8%

;

8%

21%
164%

8%

48

48

22 Va

22%

21%
*163

8%
49

41

•

21%

41%

1,800

21 Va

'.21 Va

25

-

'

21%

*42 Ya

43 Ya

*4%

4%

500

10 Va

1014

4,100

81%

82

3%

■

4,900
50

300

3%
*22 Ya

25 Ya

16

Va

16%

1,100

5%

5%

2,400

21%

600

*21%

9,700
100

164%

*163

164%

50

8%

8

8%

6,900

49

49

49

160

2,300

21%

22

10%

10%

10%

10%

*21%

22 V*

*21%

22 Va

100

11%

ll'/a

11%

11 Ya

11%

6,000

22

22

22

22 Va

22%

1,300

87%

87 Va

*86

87%

10

90

*87%

90

10%-

10%

10%

*10%

11

10%

11

11 Va

2.50

*21%

21%

21%

21%

21%

21%

22

Vicks Shreve & Pacific Ry com.100
5%
non-cum preferred
100

*85%

87%

*85%

87 Va

*85%

87 Va

*85%

*87%

90

*37%

90

*87 Va

90

*87'A

Co____

480

727'a

22

,.

8,400

72

41

5'A

22%

10

39%
125

74'4

126

'16%

22

125

40%

*22

•

->

39%

40%

3,300

73 Va

10%

Sugar Co„6%

84

*70%

*82

3%

48

100

22%

75

*42
■

>.

25

47

-

22%
84

70%

22

*10

125

23'A
85

2,100

41V4

10%

-

10

22%
39%

22'A

:_2.50

57

127%

21 Va

;

'

83

.

100

45%

*55%

135'A

10 Ya

3V4

25

*45

57

73%

"

10%

1,000

7,400

9

70%

21%

42 34

4%

*4%

18%
14

*7%

41

135 Va

*42% *43%

18%
14

14%

127

.'t

135%

10

1,900

1,200

46

*84

41

40%

40%

41'A
11 ya

*41

com

85'A

1,100

4%

9

*56

23%

*84 %

127%

*70%

56%

X23 Va

127

5o

46

56 %

86%

127%

*4%

19

8

45 Va

46
>'.

14

300

52

*7%

23%

23

*84%
39%

39%

39%
127

%

13,100

20%

20

20%

*13%

1

for

Shares

$ per share

*50 %

4

Sales

the Week

Apr. I

$ per share

8

7%

17,700

Friday

Mar. 31

*10%

Chemical

Thursday

$ per share

*21%

Vick

90

$ per share

10 %

1

89

$ per share

Mar. 80

22

i

60

PRICES

Wednesday

10%

22Vs Apr

5

/.

Mar. 29

*21%

Vertientes-Camaguey

5

Tuesday

Mar. 28

22'A

6

Va Jan

Monday

10%

13% Jan

85

>

*

Feb 16
>3

-

*2l%

Jan

*5

5%

52

100

Inc

1,800

60

18 34

*5

7%

Corp of America—No par
Co

5%

02

No par

—

Tobacco

2,900

*18 Ya

22%

com

Universal-Cyclops Steel Corp
Universal Laboratories Inc
Leaf

60,000

*61

*50 %

United Stores $4.20 non-c 2d pfd—5
$6
conv
preferred
No par
^United Wail Paper Inc common
2

8% preferred
Universal Pictures Co Inc

40

3

44%

44%

62

*4%
*59

50

preferred

17,000

44 Va

2%

3

44%

52

10

preferred—
Stockyards Corp—

Universal

2%
44%

*50%

100'

non-cum

conv

'

44%
5%

400

3

3

*43%

18%

*84%
*39%

,U S Tobacco Co ;com_^._——No

4%

3

2%

44%

3 Va
44 Va

5^8

.1

preferred

7%

3 Ya

*43%

18%

.100

common

.U S Steel Corp common..
7%
preferred

United

3

44%

1

1st preferred

Smelting Ref & Min

7%

2%

44%

10

Pipe & Foundry
Playing Card Co
:
U S Plywood Corp common..
3%Yo pfd series A__,
S

j

3 Ya

43% :

*60%

No par

8%

43%

5

class

common—

preferred

24

85% Mar

page 26.




7
8

8% Mar 29
48
Mar 31

11

10-

y

29%

165

3

3

Jan

Mar 29

21% Mar 31

5-,

9% Jan

5

5% Mar 30

17

19 A Feb

16.

17% Jan

10

21% Mar 22

Feb
Jan

85% Jan

18

10%

21%

12% July
19 % Dec

5

10% Mar 30

<'

20

23%

3

44 %

44%

3 Va

43%

18%

No par

U

1,200

61

common

A_

2,300
2,600

34

*32%

50 Va

1

84

May

33

50 "a

8

94

3 Va

*42%

...

•

52

25% Mar

2%

3

34

7%

88% Feb

37% May

33

33

5

*179%

10

Dec

33%

.c.

18'A

5

$ per share

20

Dec

■■J 22
•;y
6
33%

6

33%

*50 "a

U S

52% Jan
20% Feb

22

6

33%

5

com

4

July

33%

*33

43%

2%
.

Saturday

100

conv

34

60

Leather

Co

6,

33%

"•>

34"

33%

700

5

U

Lines

:i22'A

6

73

21,800

18%

19%
4
*19

S

22 Ya

22%

6

73

100

13%

1

,

9,900

108

13%

60

No par

4 %%

72%

Va,

26'A

108

13%
,72%

17%

Industrial Chemicals

Partic &

22'A

25%

26%
108'A

13%

1,700
2,600

18%

U S

U

72%

6

*108

14%

6,500
A-

•49%

73

>■

40

15,300

'V,

•31%

100

Machinery

preferred

59% Feb

22

2%
*42%

3

44%

181%

preferred

12

17%

3

43%

99%

58

37

33

*99%

Jan

129% Mar

33

5%

549%

; 31'A

■

60

50%
*20%
.

20

U S

67% Mar

35

16%

28

137%

21 %

14

49%
31 %

26 Ya

110

*108
.

49'A

31'A

|

26% ;

26%

110

22%

211/2

26

26%

*108

5%

95

49 V2 Jan

Dec

26 Va

109%

21%

Mar.;><>

8

Dec

26

*108

21%

37

v

>

Feb

37%

25%

31%

33%

*21'A

21

19

80

49 Va

33 V4

*94

Co

31

31 Va

VV:V; 5%

*16

S

30'A
79

49%

33%

No par

Hoffman

31% •
81
h'-l

80

32

72

No par

S

31

49 Va

72

No par

7%

92

31%

200

97

*91%

31%

71%

Foreign Securities

4'A %

6,900
27,500

*59

•V

/

49

I,

.

1

43

121

V'

*94

92

31%

4:

97

92

49'A

71%

1st preferred
Freight Co
U S Gypsum Co common

U

s

110

*94

/

'v .'1

71%

<

,

28%
38%

38 Va

110

92 Va

LOW AND HIGH SALE

S

28%

39'A

*17%

1

53% July

86

<

97

)

14%

2%

13%

STOCK

$4.50

U

27

5% Jan

9

U S &

29 lA

110

Va

32

31

38%
110

-

80%

13%

44%
*4%

Feb

.28%

82'A

-

13%

5

39%

.

31%

80%

:

13%

2%

Par

8

24

Jan

21% Jan

19% Mar 23

Jan

21%

Jan

11

7% Mar 25
50% Mar

Jan

4%
17%

Feb

175

Jun

19%

Dec

30%

A

13%

*42%

5

•£ per share

16

Jun

7%

:

94

113%

11% Sep

26

39%
110

■

Inc_,

EXCHANGE

Jun

Feb

Dec

NEW YORK

24 % May

92%

54%

Jan. 1

Highest

28 Va

29%

39 lA
110

"91

STOCKS

A

Highest

101

Mfrs

29

">

50

*49%

109%

39%
110

■i94

32

*33

•

No par

&

2,700

92%

50

33%

5

37%

28%

39%

.109%

21%
*5% V: 6

100

United

Coal

2,000

12

'

:

Electric

•

81%

21 %

•

par

Cos—

United

1,200

44

12

97

30

1
-

10

43%

12%

*91%

80

*70

10o

preference
United Dyewood Corp bommon_,

10

44 Va

12'A

*94

29%

13%

com—30c

$3

10'A

44 Va

12 %, >

92 Ya

79%

*25%

10

Corp—No

10'/4

44%,-

12 Va

..=•

97

Va

29%

*108

No par

—

*91

32

No par

'

*94

50

V.

100

$3.50 convertible preferred.
United Corp common

7,

Dec

16%

L

Cai'ton

97

92'A

29%

common-—10

Co

39%
109%

79%

llOO

Co

&

Carbon

United-Carr

8 7

60

Board

Unite

3 Va Mar 12

3

Biscuit

United

38%

109%

*94

5

common

preferred
Inc

28 Va

10 >4

44 Va

xlOVa
,

12%

..,12

.

28%

28'A

39'A
110

*91%

50

preferred

United

18

Corp

Lines

United

12

26

Air

28'A

10'A

;

No par

convertible

4'%%

30

Feb

.5

July

x3C V2

22% Mar

Aircraft

5Yo

39

25

preferred—

11%

28 Ya

—50

Car

11%

:

43 Ya

11%

110

—No par

cpra__

42%

*10

•

No par

series

42%

11%

No par

—

California—.

of

Tank

United

26'

Feb

30% Feb

5 Va July

55

74

$3.50

non-cum

United

Mar 24

14% Mar 29'

16

38 %

Dec

109

3

23 Ya

4'/o
Union

26% Mar 30'

8

5'

61% Jan

Feb

41

r

Jan

10% Jan

90 '/a Mar

Feb

2%

3
Mar 28

22%'Feb

Apr

27%

Preferred

31

Jun

20

13

48% Jan

Jun

19%

,

Bag & Paper—.
Carbide & Carbon

5

Co

10%

*41%'

.

Un El Co of Mo pfd $4.50 ser__No
par
Preferred $3.70 series
No par

7

30% May

Jan

Union

8

13

41%

1ST

Union

7

Rubber

Jan

Dec

V

7

Jan

110% Mar

Asbestos &

25 % Feb

Jan

Nov

No par

Union

42

6

*10

1

:

Corp

T

86% Jan

.

.38% July A

22%

57%

Underwood

12

(The)^

31% Jan

11

Jan

Jan

12% Jan

Udylite Corp

94

31%

...

'

27% Feb7

96% July
51% July

9%' Nov

8

'

Jun.4

•

Sep

103% Nov

46

Jan

:

45%

«

10% Mar 17

3

10% Feb

V.

Jun

t

7

Jan

40

39% May
43% Nov
110

,

?

87 Va

22

*87 Va

22%

500

23

26

THE

(1466)

COMMERCIAL

STOCKS

Bange for Provlona
Range Since Jan. 1

Year 194*
Lowest

Lowest

Highest

$ per share

t per

$ per share

$ per share

NEW YORK

Highest

.

.

share

.

/

48%

Jun

33% Feb

11

38% Jan 26

Victor Chemical Works common

Oct

96%

Apr

91

Jan

7

96% Mar 16

7% Mar 22

11% Jan 21

3%% preferred
.•
—100
Va-Carolina Chemical com—No par

93

Feb

124% July
18% May

14% Nov
Jan

117%
23

15% Dec
29 y4 Dec

118

94% Mar 15

15% Jan

5

14% Jan

3

Jun

20

Jan

12

.

Nov

38% May
34 % May

24*%

Dec

39 'A

Apr

25% Jan

4

31

25%

Dec

32%

Jan

23% Mar

5

27% Apr

29

Apr

32%

Jan

30

Jan

13

30%-Jan

33% Mar 29

3

Mar

31

Mar 15

9

7%

*96%
17%

8
100
17%

115

115

25
25
25

pfd
Ry Co common
6% preferred
Visking Corp (The)
Vulcan Detinning Co common-

*18

*29%
33%
*30%
27

5

20
20

preferred

* *94
:V.
7%

96

100

Virginian

1

29%

;

*7%

100

$5 preferred
Va Iron Coal & Coke 4%

19

32% Jan

Mar 28

29

14

Feb

*94

*36%

*30%

S per

37Va
96
99
17%

98%

16%

16%

17Va

115%

115%

19%
29%
33%
30%
27
31%

*115'A

19%

*18%

*18%

98%

20

*36%
*94

97

8

8

8%
*971/2

66

15%

X53% Mar 29

Jan

12% Dec

Jan

35%

Dec

28

100%

105

Apr

12% Feb

Jun

8% Feb
10% Mar

-

25
14

*19

20

29%

*29'iA

29%

33%

33%

333/8

333/8

33

33%

30%

31

30%

30%

30%

30%

29%

29%

27
31%

27%

27%

273/s

27 3/8

27%

27%

27JA

27'A

*30%

3IV2

31

31

18

Feb

15

25% Feb
22% Jan

23% Feb

23

25

Jan

14

Jan

Sep

12% Feb
16% Feb

10

17% Mar 15

Jan

12% Jan

4

3% Jan

3

15% Jan 25
5% Mar 30

6% May

3% Dec

7

Mar 28

26

Sep

34% Aug

20

*80

Nov

86%

80% Mar

Jan

19% Mar

26% May

13%

19% July

Feb

Feb

19
-•

27% Jan

9

14% Jan

32

*31

32

54

*52%

54

*52

5374

14

,

3

108% Mar 22
113% Feb 25

114

Jun

Jun

13%

Oct

103% Feb

8

113

Jun

Jun

28

1,200

18%

5,500
1,000

133/4

13%

*13%

13%

13%

13%

13%

13%

*16%

17%

*16%

17'A

16%

17

*16%

17

—1

*13%

14

13%

13%

14

14

*14'A

14'A

-

1%

5

20

21%

20%

21'A

21%

5Va
21 *«2

81%

81%

81%

82

82

82

1

19%

19%

19

19%

19

19'A

19 S/8

20'A

20

20%

197a

No par

17

17

17%

17 %

17%

17'A

17%

17%

17%

-■,"'17%

No par

*109

110%

*110

110%

*114%

115

*114%

115

Sugar Corp
Elec

Co

com

A

100
100

Western

Air

41% Mar 12

Western

Auto

12% Jan 20
rJan 12

Western

Western

36% May
74% July

22

Mar 23

30

Jan

24

55% Mar 24

68% Jan

26

15

Dec

26

14% Mar

17

29%

Nov

39%

May

r

33%

Jun

Apr

92

Jun

25

22% Feb

95%

Feb

5

2874 Feb

Jun

101%

Dec

85% Feb
91%

*107%

98% Feb

11

Mar 30

15

Jan

7

104% Apr
48% Jan

27

37

Mar

83

Mar

92

Jan

83% Mar 21

Jan

23% Mar

102

<42

4

Mar

2

Weston

23

55%

55%
15%

15%

30 %

30%

100

Instrument

23%
*95

*25

*102
*83%

*23%

25

57%

*55%

57%

100

26

*25%

900

16%

16%

16%

16 Va

16%

7,700

31

30%

31

30%

30%

297a

30%

8,700

23%

20,300

93%

270

26

103

93%

*100'A

26%

25 %

25%

104'A

104%

50

26%

26%

*102 %

102

102

23%

23%

93%

*100%

100%

25%

26

103

*100'/8

100%

93

93

92

94

23%

24

235/s

24

23%

104

100

101

800

441%

44%

45%

45 Vb

46%

45%

45%

45%

45%

7,300

84%

.

84

843A

84%

84%

84%

85

84%

84%

190

*26%

27%

100

26%

27

27

15%

16

16%

16'A

16%

16%

16%

16%

16%

6,700

24%

23%

24%

23%

24 3/8

23%

23%

23'A

23%

12,100

*53%

54%

*53%

54%

*53%

54%

.*53%

54%'

54

54%

54 Va

54%

*29

30

*29%

30

30

*29%

305/8

30%

*295/a

30%

100

9%

9%

4,400
22,200

53% Jan

5

54% Apr

1

31% Nov

28% Feb

8

30

Jan

12

Motbr

Co

;

*25

-

—

11% Jan 12
8

56% Jan

24%

*55%

23%

8% Feb
Aug

7% Jan

*83%

1,300

24%

57%

15%

27% Feb

11

84%

9,300

27

24%

24

*55%

101

104%

1.200

11

27

17

*93

26

*25
*102

104%
44 %

44

.

39

10%

>

11 %

27%

27

16%

*100

100%

*44%

White

26

*100

26

23%
QS

95

100%

*38%

39%

11%
*26%

11%

26%

15%

White

24% Mar 29*

Feb

*38%

11'/8

23%

16% Mar 30

3

13

K;

39'A

100

16,700

6%

6%

6%

15%

3

18% Jan

4% Feb

39'A

*

1,200

106

106

23 %

13% Jan

22% July
126
July

!/"■

6%

37%

37%

2,000

1

27%

24% May

19% Jun

6 5/a

15%

Sewing Machine com
1
$4 conv preference
Nopai
Prior preference
20
Wilcox
Oil
Co———5

Feb

Dec

Feb

23%

23%
96%

100%

12.50

13%

9

6'A

.

108

106

*105

210

110

*14%

36%

36%

37%

110

15%

*15

106

*108%
*106

108

*106

15%

108%

110%

110

110%
108

'

12%
100

Wheeling & Lake Erie Ry
100
Wheeling Steel Corp com
No par
$5 conv prior pref
No par
White Dental Mfg (The SS)
20

89% Jan 12
27
Mar 31

108%

108%

371/4

53

22%

58

-

40

24

24

series A

Elec

23%

*55%

*22%

No par

130

110

11'A
26%

*55%

pfd series B

pfd

10'A
25%

No par

30%

Brake
Electric com
Air

30

116

38%

10 %

100

com

A

110

116

*105

38%

38%

110

37'A

26%

9%

10

*25

110%
116

15 1/8

6'A

26

9,800

110%

110 s/8

6%

*9%

17%

116

*106

105

*23%

15 Va

23

X53

38%

38%

105

3,300

112

151/4

*36%

6

30

3.80%

1

July
57% Oct

6

15 %

3%%

36%
106

390

20

116

*107'A

107%
108

15%

6,800

82

*81

81%

2,200

20%

20%

21%
r

115

111

*105

30

28

7

Dec

Jan

38%

107
*110
*106

21

•81%

*110

lll'/a

111

106

15

101% Jan 26

Mar 30

25

RR

series

36%

5

115

115

108

6

6

17%
*110

15

14%

14%

5

4%

108

110%
*106

37 %

*36

105%

—10
100
100

Supply Co
Maryland Ry com
2nd pfd

non-cum

Pacific

14%

1

110%
108

Westinghouse
Westinghouse

7

97% Jan

27

Inc

*107%

108

Western Union Teleg class A_Nopar

11

23% Feb

40% Jun

34% Jan

Lines

Preferred

Mar 50

26% Jan

80

115

'

110%
*106

4%

200

1,200

v

47a

*4%

5

4%

21%

19

Nov

14

81%

4.20%

4%

13%

1,400

13%
16%

21%

West Penn

29

5

*4%

14

13 34

16%

81%

Dec

23%

*4%

13%

No par

preferred

preferred
preferred

6%

13%
17

*16%

V

24

14%

5

Inc

Tobacco

conv

*24

25

5

6% Jan

25%

; :

Co

Motor

24

58% Dec
•

24

24

Feb

3

24%

18 %

5

25

24

24

10% May

24

24%

18%

Nov

Feb

24%

24%

25

Jan

243A

49,200

11'A

10%

18%

Class

41% Jan 24

8% Feb

24%

50

93

*92%

11%

1,100

14

14

14 VB

93

11%

24%

108% Jan

35

24%

14 %

*92%

93

11%

19%

24

22

113/8

4,900

24'A

Feb

38% July

*923/8

11%

14'A

4,500

9'/a

19

36

46% May
16% July

92%

11

14

225/a

87a

23%

West Penn

17% Jan 20.

7% Mar

91%

11

14%

14%

93

10%

22 %

9%

19'A

Mar 30

22% Mar

14%

*92%

93
10%

120

22%
•

23%

105

5%
34%

9%

18%

Jun

Mar 25

22%

9%

23%

Jun

Feb

4

233/B

9'A

102%

18%

51%

100%

13% Mar

Oct

23Va

9'A

8%

700

102 3A

104

23%

110%

22%

23%

23
;

28

1,100

23%

Power 4%#> pfd
100
preferred series B__—100
West Virginia Coal & Coke
5
West Va Pulp & Paper com—No par
4% % preferred
100

16% Apr
38% Feb

*102%

28

18%

West Indies

108% Jan 26

111%

Oct

28 »A

102 5/B

900

137a

28

19%

$4

112% Jan 24

107

108% Jan
106% Jan

3

100%

8%

28'A
102 %

13%

23%

110% Jan 13

105% Nov

22%

8%

27%
102%

13%
28

27-%
102'A

27%

,14

*13%

18%

110% Mar 12
116

10%

131/4

13'A

104

22 %

22

*92%
'

5

Wesson Oil & Snowdrift com—2.50

17% Mar 12

119%

—100

Pictures

104

54

54

x53%

*23%

Webster

21

Apr
103% Mar

1.04% Mar
▼113%

1

preferred

Wayne Knitting Mills
Wayne Pump Co

7

23% Jan

260

10

*31

*24

84% Jan 24

24

1,100
: i

Waukesha

24

22

1,100

33'A

*33

Warren Foundry & Pipe
No par
Petroleum Corp
3
Washington Gas Light Co—No par

1
7

30%

Dec

5%%

11

20% May
•

26%

14 %

Warren

22% Jan

27%-Aug

Dec

14%

*102%

59

43%

102 %

8%

6

Jan

34% May

Dec

*8%

Warner Bros

700

'

*

22

3

300

29%

29'A

30%

13

No par

Ward Baking Co common

15% Jan 21
94% Feb

130

20

*19

20

27
*30%

58%

No par

11% Feb 18

90

18,100

16%
115'A

30%

27%

*27

100

Co

7

32

Jan

13

7

3

Nov

16%

9% Jan

16%
115%

*32%

58%

Walworth

23% Jan 21

16%
115%

29

13%

58%
*13

preferred
Walker (Hiram) G & W

28

May

Xl9% Nov

'4%>

8

Feb

Jun

14

12%

8

Jan

9% Jan

101

9% Nov

20%

105

13% Feb

x83% Mar

22

29% Jan

24

7% Feb

16% July

Feb

21% Feb

27% May
13% May

xl8% Mar

Mar 14

26%
102

Aug

161/2

fr

Wabash RR 4%% preferred
100
Waldorf System
No par
Walgreen Co common
No par

60% Jan 28
13% Apr
1

26

400

97

97

98/2

4,ldo

29%
33%

29

W
57% Aug

8%

115%

17

*29

700

37%

97

116%

20

29

37%

*94

98%

16 5/8

115%

981/2

Shares

share

*37

83/a

8'A

115%

*97

$ per

37%
97

*94

8V4

the Week

Apr. 1

$ per share

share

37%

37'A
96

8

7%

$ per

share

36%
*94

Mar. 31

Mar. 30

Sales for

Friday

Thursday

Wednesday
Mar. 29

$ per share

37%-.

-10

6% div partic preferred
Virginia Elec & Pwr Co com

Jan 21

118

*36%

5

_

■17% Mar 14

3

114% Jan

Jun

LOW AND HIGH SALE PRICES

Mar. 28

$ per share

Par

Dec

109

Monday, April 4; 1949

Monda*

Mar. 26

95

14% July

CHRONICLE

;

.

STOCK

EXCHANGE

32%

7% Mar

FINANCIAL

&

*25%

26

*26

26%

30

*29%

8%

8%

8%

8%

8'A

8%

8%

9%

9%

9%

5%

5%

5%

5%

5%

5%

5%

6'A

5%

6%

49

48%

48%

*48%

12

12

12 Va

12'A

7J

1

70

i/12

6% Mar

May

Mar

51

65% May

47% Mar 17

Nov

17% May

10% Feb

10%

25

Dec

88%

Jan

73

Jan

7

78% Jan 22

12%

Dec

19

Jan

12

Feb

8

13% Jan

14
Mar 23

14% Jan

Dec

18

Jun

125

Dec

xl38

Jan

128

Jan

4

28

Feb

37%

Oct

30

Feb

11

Nov

49% Jun

44% Jan

3

14%

32

■41%
13%

Dec

81%

58

15% Mar 30

24

65% Jan 25

Jan

69

4

64% Jan

71

Mar, 30

Jan

10

Apr
9% Jan

l

Jan

12% Jan

25

79

Feb

9

73

8 % Feb

25

11%

Jun

22

Deo

34%

Jan

20% Feb

26

10%

Feb

7

11%
12%

10

16%

—100

* 129%

com

78%

78 V8

78'/a

*77

79

13

12%

12%

*12%

13

16%

16%

17 Vs

16%

17

•

300

12 Va

6,900

*12%

12%

600

17%

17

17%

100

79

"78

12%

17

17'A;

48%

12 Va

79

12%

16%

574

48%

12%

*76%

*12%

13,500

32

174,500

10

31

31

31%

31%

311/4

313/8

30%

30%

30

30%

30

30 Va

1,400

10

45

45'A

45

45%

45

45%

45'A

45%

45%

45%

45 %

45%

9,300

14%

14%

14%

14%

15

15%

153/a

15%

15 Va

15%

15

15

4,000

*62%

63

62%

62%

63

63

*69

70

70

70

70%

70%

&

Co_

(F W)

*77

12%

5%

49

12 Vb

12%

12V4

123/b

*48%

49

*48'A

49

79

*77

i

Woolworth

7

Feb

66

Mar

Co

Co

Worthington Pump &
Machinery common
No par
Prior pfd 4%% series—
100
Prior pfd 4%% conv series—-100
Wright Aeronautical
___No par
Wrigley (Wm) Jr (Del)„ —No par
Wyandotte Worsted Co
0

20

68

July

8

Pwr

6% preferred
Woodward Iron

47% Jan 21

*48

par

No par

Rights

10

34% Jan

1

No par
—10

Co

Wisconsin El

4

Mar 24

7

<

May
96% July

60% Mar

32

131% Mar 18

x59 % Feb

Feb

94

Nov

X62

17% Mar

common

$4.25 preferred
Wilson-Jones

17

12 % Feb

25% May

,,;i58% Dec
*

Wilson & Co Inc

12% Mar 10

69

.»

Willys-Overland Motors- com—
$4.50 conv pfd series A
No

&

372

TfV

A
132

*128

132

*128

32

131

>128

131

*128

32

32

32

!

32

132

*128

132

n

•

65

*63

*63%
71

71

70%

71

*71%

72%

74

71

*73

74
9

*70%

71

73%

*72%

74

8%

8'A

8%

8%

8%

*20%

21

20%

20 3A

20%

211/8

9%

10

10

10

10

10%

*721/4

71

490

71

72'A

9

8%

87a

70

64'A

71
72

74

*73

9

71

*72
*8%

*63%

64%

•'72

.

*71

*70%

\

,

^2

'

7

110
200

73

8%

2,000

%

4,700

Y

37

Dec

15%

&

Towne

May

34

Mar

4

39% Jan 18

Oct

18

Feb

8

20

Mar 30

Oct

63% Feb

24

74

Jan

28

x!9% May

12% Feb

26

14% Jan

6

July

25% Feb

Jan

7

Zenith

6% May

3% Feb

4% tfan

15

Zonite

24

89%

Dec

13%

Yale

Mfg Co
20
Corp common
1
preferred
50
Young (L A) Spring & Wire.NoPar
Youngstown Sheet & Tube—No pax
Youngstown Steel Door
Nopai

9% Feb 24

,16% May
/' 48

Feb

65%

24

Deo

19% Feb

35

3% Dec

•Bid and asked prices; no sales

on

32

this day.

York

4%%

Radio

fin receivership,

a

Transactions at the New York Stock
InVl

Railroad

tiumber of and BfisceU
Week Ended Apr. 1,1949

Saturday

Shares

Bonds

$672,000
2,284 000

307,000
527,000
404,000

504,500

6.415,960

$13,963,000

3,000

$15,000

$2,207,500

Week Ended

April 1
1948

1949

of

31'A

31

31

5,300

4

4

2,500

71%

13%

13'/a

13 Vb

13%

13%

13'A

13 'A

30'A

31

315/a

31%

32

,30

s

wd When distributed,

Special sales.

3%

4

3%

3%

3%

x

69

37a

3%

U. S. Government
Bank

$3,000

3,432,000
4,251,000
2,893,000
2,656,500

$16,188,500

Transactions at the New York Curb

Saturday —
Monday
—
ruesda#
Wednesday —;
Thursday ——
Friday

...

Railroad h Industrial.

52,989,509

13,963,000

20,189,000

$16,188,500

$22,516,500

$203,862,350

$274,586,200

-

900

Exchange

$287,500

566,000
24,004.550

2,378,000
24,050,000

179,009,300

247,870,703

$19,000

2,000

118,000
152,000

180,775

114,000

2,000

221,940

i55,000
149,000

209,965

$673,000

36,000

7 ;

36,000

v

/

70,000

i

133,000

1949

,r

,,•/

115,000

406,890

Week Ended

62,579,637

$282,500

Total

$2,000

$16,000

1,462,715

Total

Corporate

$7,000

371,020
-

—

Foreign

Foreign ; ;
Government

Domestic

72,125

-

Jan. 1 to April 1
1948

15,000
2,207,500

$3,000

100

Bonds (Par Value)

of
Shares)

Week Ended Apr. 1,1949

1949

6,593,290
$7,000
37,000
2,283,500

6,415,960

4

'

Ex-dividend. •

shares
Bonds

Foreign

307a

70

Stocks—No. of shares-

International

13Vb

703/«

Stocks

8,000

2,149,000

13

69'A

(Number

$7,000

2,489,000

13%

69'A

Bond

353,000

3,125,000
3,724,000

*13%

69

68%

Sales

$112,000

849,120

Total

Stocks—-No.

Bonds

$553,000

979,940

10,500

20

DaNy, Weekly and Yearly

1,923,000

1,799,680

69

20 A-.

Total

700,720
1,850,270

68

19'A

•

236,230

—„

Monday
Tuesday
Wednesday
Thursday
Friday

1,100

70%

35%

19

3%

Government

Bonds

20

35%

18%

30%

United States

Bank

Foreign
Bonds

*19

34%

Daily, Weekly and Yearly
Stocks

35%

*18%

3%

Exchange

*34'A1

*34V4

30%

Deferred delivery.- r Cash sale,

35%
19%

18%

J

Corp

10%

*34%
19%

35%

68%

4,300

10

9%

10 Vb

35%

18%
*13

21

20%

21'A

10%

34 'A

*34%

No par

Corp

Products

21%

21%

21'A
10%
9

r

7

1,000

v 8,000
V 20,000

;

$154,000

7

199,000

'

239,000

t

$879,000

19,000

152,000

$52,000

Jan. 1 to April 1

April 1

1949

1948

1,462,715

1,522,735

$673,000

$1,203,000

154,000

257,000

$10,090,000
2,311,000

52,000

25,000

1948

14,284,720

15,093,354

Bonds

Domestic

governmentForeign .corporate—
Foreign

$14,278,000
;

2,326,000
476,000

"

T7

Total




Total

$879,000

$13,0.10,000

$17,080,000

rW?**r

THE

Number 4791

169

Volume

COMMERCIAL

Bond Record
"and Interest"—except for income

FINANCIAL

CHRONICLE

(1467)

27

New York Stock Exchange

((»
FRIDAY

L
NOTICE—Prices

&

WEEKLY

■

YEARLY

-

and defaulted bonds.

Cash and deferred delivery sales are disregarded In the week's range; unless they are the only transactions of
the weekr and when outside of the regular weekly range are shown In a footnote In the week In which they occur.
No account Is taken of such sales In computing the range for the year.
The italic letters in the column headed "Interest Period" indicate In each case the month when the bonds mature.
are

Flftrw after decimal paint represent one >r more 88d of a point;

,

.

:. t

LOW AND

ftsnge for Previous
Lowest

Range Since Jan. 1
Lowest

Highest
105.28 Mar

Sep
Sep

107.4

3ft*

108.28 May

108.13 Jan

Dec

102.22

Treasury -2%S
Treasury 2%S
Treasury 2%S—
Treasury 2%g
Treasury 2%sTreasury 2%S

108.13 Jan 26

26

110.23 Mar 11

i

Feb

102.23

Sep

102.23 Sep

101.7

Sep

101.11

101.19

Jun

101.19

Jun

102.31 Jan

102.31 Jan

14

Feb

3

104.9

14

Feb

3

104.9

,

Treasury
102.1

Mar H

102.1

Mar 11

•Treasury

100.24 Mar

100.25

Jan

Treasury

100.23

Jan

100.26

Apr

100.23

Sep

100.24

Sep

101.12 Feb

Treasury
Treasury

100.16

Sep

101.12

Jun

101.7

Feb

100.7

Oct

100.27 May
102.26 May

100.18 Jan

100.23

101

102.26 May
100.7
Oct

Jun

Feb

101.12 Feb

9

101.7

Feb

7

101.2

9

Mar 22

101.1

16

21

Feb

High

'*101.17

101.19

101.20

*101.17

101.19

*104,23

104,25

*104.23

104.25

Thnr.da*

Bales for

Friday

Mar. 31

Low

Align

the Week

Apr. ]
Lew

.Huh

*101.17 101.19'

*101.17

101.19

*101,17

*104.22

*104.22 104.24

*104.22

104.24

*108.28

108.31

*108.28

108.31

*108.29

109

103.24
109.25

*103.22

103.24

*103.22

103.24

*163.22

103.24

*109.22 109.25

*109.22

109.25

*109.23

109.26

104.24

*103.28

108.31

*108.27

108.30

*103.23

103.25

*103.22

103.24

*109,21

109.24

*109.21

109.24

*103.22
*109.22

1958-1963

*110.8

110.11

*110.8

lio.ll

*110.9

110.12

*110.9

110.12

*110.9

110.12

*110.10

110.13

1960-1965

*111.1

111.4

*111,1

111.4

*111.3

111.6

*111.3

111.6

*111.3

111.6

*111.4

111.7

—1949-1953

*101.3

101.5

*101.3

101.5

*101.3

101.5

*101.3

101.5

*101.3

101.5

*101.3

101.5

1950-1952

*102.6

102.8

*102.6

102.8

*102.6

102.8

*102.5

102.7

*102.5

102.7

1952-1954
1956-1958

*102.30

103

*102.30

103

*102.29

102.30

104,25

*104.24

104.26

*104.25

102.31
104.27

*102.28

*104,23

*102.5
102.7
*102.28 102.30
*104.25 104.27

104.27

*104.25

-1962-1967

*102,15

102.17

*102.15

102.17

*102.16

102.18

*102.16 102.18

*^02.16 102,18
*102.2,102.4

*102.16

102.18

*102.2

102.4

*101.21

101.23

*

*102,28 102.30
*104.25

104.27

102.3

*102.2

102.4

*102.2

102.4

*102.2'

i02.4

jun 1964-1969

*101.21

101.23

*101.21

101.23

*101.21

101.23

*101.21

101.23

*101.21

Dec 1964-1969

*101.19

101.21

*101.19

101.21

*101.19

101.21

*101.18

101.20

*101.18

101.20

*101.19 101.21
*101.18 101.20

*101.19 101.21

1965-1970

*101.19 101.21
*101.18 101.20

*101.18

*101.18

101.20

*101.15 101.17

101.17

'jZ,

1963-1968^

*102 1

Jun 1967-1972

101.20

101.3

*101.15
*101.1

101.17
101.3

*101.15 101.17
*101.1
101.3

*101.15 101,17
*101.1
101.3

*101.15

*101.1

103.13

*103.12

103.14

*103.14 103.16

*101.1

101.3

*101.1

*103.13 103.15
*101.1'
101.3

103.15

101.3

*103.13 103.15
*101.1
101.3

*103.13

*101.1

^__Dec 1967-1972 a

101.17

101.3

*103.11

,

Sep 1967-1972 *

*101.15

*101.1

1966-1971

2 %s

101.23

*101.1

101.3

101.3

Sep

102.13 July

100

Mar

100.4

May

100

Mar

100.2

Feb

100.21

bet

100.21
■

oct

—

—

102.30 Feb

9

9

7

100.13-Jan1 20

>

100.19 Feb

100.17Feb '9

-

.

100.21 Feb 16

ii

::::::

100.21 Feb

—

—

100.31 Sep

102.30 Feb

n

Treasury
Treasury

2Vis

1951-1953

•

*10X6

103.8

*103.5

1 03.7

*103.5

103.7

*103.4

103.6

'

*102.9

102.11

*102.9

102.11

*102.9

102.U

103.7
102.10

103.7

—1952-1955

*103.5
*102.8

*103.5

2Vis

*102.8

102.10

*102.8

102.10

2%S

1954-1956

*105.10

105.13

*105.9

105.12

*105.8

105.12

*105.9

105.12

*105.8

105.11

*105.9

105.12

*103:9

103.n

*103.10
*100.27

103.12
100.29

*100.27
*100.5

100.29

*103.11 103.13
*100.29 100.31
*100.29 100.31

100.6

*100.5

-Treasury 2Vis—
{Treasury. 2ViS
.Treasury 2 ViS.
JTreasury 28

iiini

100.21 Feb-

9

9

101.13 Mat'^fvi:

> 101.26 May

—1956-1959

-

*10025 100.27

*Jun 1959-1962
Dec 1959-1962
Jun

*100.25

100.27

*1005

100:0-

1949-1951

?Treasury 2s-

—Sep 1949-1951;
2Su^,^^^—Dec-1949-1951
2l
—Mar 1950-1952 V-

>

Treasury
•Treasury

2s__

iTreasury
101.7 4 Dec

—Sep 1950-1952

*10011 100,12

*10031

*100.5

100.6

*103.11

,

100.6

*100.18 100.19

*100.23 100.24

100.5

*100.10 100.11

* 100.11.100.12
*100,18 100.19

*100.23 100:24

101

*100.4

100.5

*100.4

*100.11 100.12

101

*100:30

*100.18 100.19

103.13

*100.30

*103.11 103.13
*100.29 100.31
*100.29 100.31

*100.11 100.12

*100.11 100.12
*100.18 100.19 < *160.18 100.19
*10023 100.25
*1,00.23 100.25

:

*103.11 103.13
*100.29 100.31
*100.29 100:31

*100.18

lt0.19

*100.23 100.24

*100.22

100.24

'

*100.31

101.1-

101.1

*100.31 101

*100.31 101.

*100.31 101

*100.30

100:31

Sep

100.3d Sep

II

101.19 July

lOO.ie

Oct

100.7

July

10148

Jan 26

101.8

IIIIII

101.18"Feb *
*

'

Jan 26

101

101.14

*101.12

Z

100.13

' 101.18 Feb

9

9

r

Treasury

*1Q1'U2. 101-14:

*101.12

101.14

*101.11 101,13;

*100ill: 100.13

*100.11

Treasury

101.8

*101).15 101.17

*101.15 101.17

*101.14 101.16

*101.14 101.16.

* 100,14 100.16-

*101.14- 101.16

*101110 101.20

*101.18

101:20

*101.18 101.20

*101:17 101.19

*101.17

14>1.19

*10ll22

101.24

*101.22

101.24

*101.22

101,24

*101.17 101.19
*101.21 101.23,

* 101:21,101.23 i'

*101.21

101.23

*103\20 103.23

*103.17

103.22

100.11

103.22
100.11

*103.19. 103.22
*100.9
100.11

*103.18 103.21
*100.9
100.11

103.21

*100.9

*103.19
*100.9

*103.18

*100.9

*100.9

10u.ll

99.26
100.16

*99.18 100
*100.5
101

2s
——1951-1953 2S—
,—
1951-1955 V
'Treasury —2s———Jun l952-1954 »
'Treasury 2t_
Dec 1952-1954 '

International

Jan

Jan

98.30 May

98.24 Jan

10

99.28 Mar 24

99.30 May

*Bid and

.99.11 Jan

5

100.16 Mar 17

asked price.

No sales transacted this day.

.

-

Bank

for

10-year 2%8_<.

tCalled. for redemption June

Interest

New York Stock

Exchange

Period

<

,

Last

f:

Sale Price

*99.22
100.10

a

FOR

Odd lot transaction,

WEEK ENDED APRIL

No.

High

Low

Interest

BONDS

Period

Exchange

J-D

105%

104 Ms 105 Vi

40

104 %

•

.

Last

or

Friday's

Bid A Asked

107'/a

U "AJ

61%

61
*60

1961

Q Mar

119 Vi

61

J-D
J-D

3%s Series No. 17

J-D

27

J-D

*60%

J-D

J-D
J-D
J-D

'M:1

61

1

3%s Series No. 23
3%s Series No. 25

60 y2

3%s Series No. 28

*60

i..

60%

120

Broadway, New York

-

; : ;
•

•

63

—

Teletype

t

S AChile

Agricultural Mtge Bank
§AGtd sink fund 6s—
AGtd

sink

fund

1947

(Dept)

coll

s

f 7s series B

8 A External

s

f 7s

s

s

AExternal

sec

(City)

62

*85%

81

J-J

s

s

38%

38 Va

38%

5

37

1958

j-d

of '25-1955

"

j-j

_1956

*'

J-D

20-year 3%s
20-year 3 y2s

_1967

J-D

38 V2
r

100
102 Vs

s

f

7s

1955

99%

80

90

97%

22

89

957/a

92%

91%

92%

18

85%

92%

'90%

92%

45

92%

18

85
;
84%

92%

101%

101% 101 %

22

101%

102%

109% 110%

15

105%

112

116 y2

116% 116%

6

115

118

j-j

——1955

external 8s

j-d

1941

j-d

91

71%

71%

1

Stamped pursuant to Plan A
(Int reduced to 3.5%)
AExternal

s

J978

f 6y2s of 1926—

Stamped pursuant to Plan A
(Int reduced to 3.375%)
AExternal

s

(Central Ry)

'

;

53

60%

A Sinking

A 6s

A Chilean

72

17

62

72

53%

54%

25

46

11

27%

29 %

36'/«

27%

28

35%

37%

F-A

27%

28 Va

8

27%

29

J-J

36 Vs

36 '/a

2

35%

37%

j-J

27>/a

28

10

27 y«

27%

M-S

M-5

*27%

A-O

Af-N

J-D

1961

fund 6%s

J-D

J-D

27%
26%
*35

1979

A-O

1952

28 V*

49

26%

27 3,4

J-D

*69

3-D

*52%

45%

53%

60%

53%

54

*27%

A-O

1962

29

37%

5

27%

29

35%

36 %

28

27»/b

28%

7s__

Jtf-N

36 Va

36 '/a

1

Af-N

*27%

27 Va

29

1960

M-S

36,

36"

6

35%

37%

1960
1951

M-S

27 y8

28

12

27 Va

(Hukuang Ry)

5s

29

J-D

*5%

9

__

--

54

71

46%

52 Vn

FOREIGN

-

SECURITIES

5%

funding bonds of 1931 due__1951
Stamped pursuant to Plan A
:
(Int reduced to 3.375%)
1979
External $ bonds of 1944 (Plan B>—

i

A-O

52y«

:3%s Series No. 2

.

3%s Series No. 3

-

-

3%s Series No. 5—

42%

52

64%

63

63%

FIRM TRADING MARKETS

65%

62%

57%

63 »/2

63%

J-D
J-D

52V'a

62%

J-D

__

•

3%s Series No. 4

51%
64%

J-D

63%

59

63%

57%

64 Y

rm marks & r.o. Inc.

64

63

J-D

63%

63%

58 y4

64%

3%s Series No. 6

J-D

9918

9912

6i y2

J-D
65

62%

65

58%

65

FOREIGN SECURITIES SPECIALISTS

100 A

3%s Series No. 7
3%s Series No. 8__

3%s Series No, 11
3%s Series No. 12
see

*63%

J-D
,

*63%'

J-D

3%s Series No. 10-

For footnotes

*63%

65%

60 y2

65%

60%

60%

58%

61%

64

58

60%

j-d

JrD
page 31. ""




50 Broad

J-D

__L

3%s Series No. 9

*60

.

—

37

27%

*35

71%

43

29

35 %

J-D
A-O

.

61

—

37%

27%

—1962

assented—^

assented-—

AChinese

29 *A

35 y2

17

36%

1961

For Financial Institutiona

:

27Va

54%

*69

20

29

10

*35

1961

assented

29

36%

28

40

27 Y»

1961

—

36%

27%
35»/2

1

28

*35

27'/b

J-D

1957

29 y2

37
29

35 %

28

M-N

1957

30

*35

A-O

.—1993

ey2s

i

35%
27%

*35

1963

—

Munic

♦35

—1963

fund 6s

bonds 2-3s

Cons

2

37%

27%

36 Va

—Jan 1961

f 6s_^

A6%s assented

%

28%

35 y2

27%

F-A

AGuaranteed sink fund 6s__
A 6s

3*7

27%

M-N

1962

assented
f $

35%
5

*35

sinking fund 6s—

s

104%

*51

M-N

Jan 1961

s

Mortgage Bank
A6%s assented

A7s

53

A-O

3%s Series No. 1

1

Extl

8

106% 106%

J-J

Feb 1961

AGuaranteed sink fund 6s

71%

•

J-D

54%

:

101

1031/4

A-O

—

AChile

92%

71%

1979

Stamped pursuant to Plan A
(Int reduced to 3.5%)—1978
*-•'

53

A-O

1957

f 6V2s of 1927

Stamped pursuant to Plan A
(Int reduced to 3.375%)
A7s

A-O

1957

103 y2

41

101%

ioay2
io4y»
106%

10

22

1960

assented

A 6s

99%

L'L

103% 103%

-I960

A 6s assented

101%

97%

92 y4

6s__

f

95

101%

Feb 1961

fund 6s__

AExternal sinking

95%

"92%

M-S

102% 103%

18

0i y*

60%

98%

5

101% 102 %
103%

J-J

—

38

*100%

J-D

1942

Sep 1961
A 6s assented
-Sep 1961
AExternal sinking fund 6s_^—,—1962

38%

95%

F-A

—1949

101

ARy external

38%

37'/a

93 y2

j-d

Belgium external 6 y2s

100

37%

37%

1

%4:

46

97 y2

1962

:

38%

••

95%

:

—1966

15-year 3%s

38%

38 %

*38

F-A

—1957

s

38 Va

5

10-year 3y4s

(U S of)

AExtl

38'A

A-O

External

38%

38 Va

A-O

External

A 6s

38 VB

5s„

(Commonw'lth) 5s
10-year 3y»s
i

38%

37%
37%

series—1957

2d

7s

:;;3:

38 y4

f 7s 3rd series—1957

f

38%

61%

60%

A-O

sinking fund 6s_

A6s assented

37%

38 J/4

a-O

external

:

16

38 V*

59

58

1942

assented

AExtl sinking

38%

j-j

38 y4

>.

38%

j-j

j-j

62't-',l,,;
85

1945

—1957

Australia

SABrazil

•

A6s
;

_1945

series C__

f 7s 1st series

AExternal sec

*61

f 7s series D__„__1945

AExternal

Antwerp

*61

A-O

Jlf-S

A—^_1945

7s

S A External

SAExternal

p_>i

1948

4s

60%
61

'

100 »/8

60%

56%

.

1954„

8s

External s f 7s

assented

AExternal

1968

6s

Akershus (King of Norway)

iAAntioquia

§A7s

(Colombia)—

(City)

(Rep)

A-G

60%

60%

.

2

:

1961

25-year 3%^
ACarlsbad

F-A

—I960

Sinking fund gold 5s
Sinking fund gold 6s
Gknada (Dominion of) 4S

Foreign Govt. A; Municipal

—

ceil/:

__

100

.1957
1958
1950

f 5s__

s

61%

60

*60

Brisbane (City)

NY 1-1693

55%

*60

M-Q

61%

57

•

J-D

61%

55%

1

*60

J-D
J-D

60%

60

Li';'1'

60%

3%s Series No. 29——

61%

58%

'■

65

*60
61

J-D

—

.

2

61 %

*60

J-D

;

-

2

65

61%

53%s Series No. 30——

.

Members New York Stock Exchange

61%

61-%

56

,

61

*60

J-D

3%s Series No. 26—

64

-

61

J-D

:

3%s Series No. 27

Telephone

61%

,60
53

*60
61

J-D

—

i

3%s Series No. 24^

Foreign Securities
REctor 2-2300

biy2

59%

— -

,

'

•I;.'

Wertheim & Co.

High
.60 '/a

55 Vk

*60

3%s Series No* 19

119 »/4

Jan. 1

LOW

ro.

64

61

3%s Series No. 15

3%s Series No. 21„

3s

Range Since

Sold

61 %

3%s Series No. 22

Canal

Bonds

59

High

*60

J-D

jl»

3%s Series No. 16

'

15,000

'

3%s Series No. 20

Panama

America—

of

100.26

Week's Range

3%s Series No.18

States

100

*100.5

100.16

LOW

Jj/43 sseries No.

1980

Friday

Sale Price

High
3%s Series No. 13

Corporate Stock

United

*99.8

100

Registered bond transaction.

New York Stock

Jan. 1

*99.8
*100.5

1

Range Since

Sold

New York City
Transit Unification Issue—
3%

r

*99.16 100
*100.5
100.16

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Low

99.26

10016 100.16

*99122
-

15 at par.

RANGE

Week's Range
or Friday's »'!'■

.

v

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—1972

25-year 38——-—

Friday
BONDS

100.11

1,

1

Reconstruction <fe Development

;

94.14

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1953-1955 A
_—_^—_1950 '

rTreasury -2s_„
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A

94.10

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101.1

101.1

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V

101.14

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101.19

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*108.28 108.31

1956-1959

2%S
2%s

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1955-1960

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Treasury
Treasury
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—-1951-1954

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2%S__
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Treasury
Treasury
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Jan

Low

1951-1955

HIGH SALE PRICES

Wednesday
Mar. 30

High

Lou

ttigfe

-1949-1952

Treasury

110.23 Mar 11
101.18

Us

Tnnsda*4
Mar. 29

Mar. 28

Mar. 26

EXCHANGE

Highest
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GOVERNMENT BONDS
NEW YORK STOCK

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.

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--

9

*32

2012

31.

—

31

A

2.5%

page

.

37

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66

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64%

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1968

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A

series

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1954

A

secured

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(1942

7s

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/

1922

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s

50

76

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52

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to

to

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0

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56

;
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1956

2004

to

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Sold
No.

High

(continued)—
loan

water

(Int

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20

—

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Mexico

42

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•

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1, 1976

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Public

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—

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f 5s
Italian (Republic) extl s f
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for
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30

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%

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.

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70

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70

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or

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3%s extl

70

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77

78

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44

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No.

Week's Range

Friday

Interest

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gold

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1952

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35

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ENDED

,

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70

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or

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s

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Last
Sale Price

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Of

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ser

:

B

Light 3%s

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Jan 1 2020

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44

34

*66

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43%

43%
'108

„

Volume

169

Number 4791

THE

COMMERCIAL

&

FINANCIAL

CHRONICLE

(1469)

29

NEW YORK BOND RECORD
RANGE

.

Friday
BONDS

nterest

New York Stock

Last

Period

Exchange

Week's Range

Friday's

or

Sale Price

gold 5s

j-j

1987

55

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ref

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1974

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&

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1956

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A

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.

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debentures.:

see

96%

10

91

_2018




gold 4s__1990

A-O

85

87%

Kanawha & Mich

66

64

68%

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I
1978

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2%s

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1987
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1

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1997

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104'%

—

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99%

68

A-O

96

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Kansas City Southern Ry 1st 3s__1950
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L
1975
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1
1968

105%

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101

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104% 104%

" M-S
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70
.

96

j-d
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Kansas City Terminal Ry

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4%s
1993

69

K
86%

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page 31.

If-8

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1993
i

j-d

..1976

96%

'('

Detroit & Mack 1st lien
gold 4s
1995
A Second
gold 4s
:
1995
Detroit Term & Tunnel 4'/2s
1961
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B__1976
For footnotes

102

fixed

series H

23As

5

—

(3%

1%
contingent int)
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Gen

101%

Jamestown Frankl & Clear 1st 4s__1959

ioi%

95%

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1 2042

•

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101%
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61%

67'%
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1973

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15

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N

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1978

100%

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D
Dayton Pr & Lt 1st mtge 2%s
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87

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;

1952

,

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—

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99%

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.

101

103'% 103'%

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.1966

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103

101%

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lines-3%s
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97

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103% 103%

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Hocking Valley Ry

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93

94%

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108

8 /

1971

1972

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1st mtge 2%s__1976

Illinois Bell

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105 Va 106%

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1977

series

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100%

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109%

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88 %

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m-mm

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109% 109%

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104 V*

1961

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54'%

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87'%

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56%

81

■

103% 103%

j-d

1969

__

..

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__

58'%

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81'%

___1982

debentures

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92

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1970

1961

1959

4y2s

Hackensack Water

58'%

99

102 %

92

79>/e

87'%

100

*99

General

110

99

12

81

80

72

*100

General 5s series C

101

~2

95

79

J-d

M-S

F) Co 1st mtge 2%s_1965
Great Northern Ry Co—
General 5'%s series B
1952

103

106%
:

99%

89%

84

vM-S

& Elec of Berg

A4s

104%

102 %

*"•

.

81

debs

3s

1st

of

General Realty &

106%

100

2
■'••'

'

•

102/102%
•

L-

72'%

106'%

102%

*109

102'A

77

103'%

100.'% 100%

y-".'/ ;

103%

<

^1950

Ohio

a Certificates

__

98J/a

101% 102

—

103 %104%

F-A

1991

90%
■

77

95'%
80

J-J

1971

1st & ref 5s series A

Francisco Sugar coll

106%

-

luo

A-O

1990

106

v

280

104% 104%

f-' /-- •'■/

j-j

1st 4s

//•//■ 5

':!

«fe; Rub

fFlorida East Coast

54

86%

•:

2

*101 y* 102

—

64'%

"5

94%

145

104

"•101*-

68

80'A

51

86'%

17'

56

3%s

mtge

66 3,4
102

80

65%

15

,

106% 106%
d91%
96

d91%

/;

j-d

1051

106%

j-d

trust 4s

Electric

Sou

75

45

87

87%' 87%

J-D

3V'8s debentures *
Columbia Gas System, Inc—
&

46%

1->O3/4
87

58%

1st

65%
>>

J-J

j

'

)

Div

66'%

A-O

t

mtge'2s ser H_"——...1953

cons

Ohio

io6v4

98 %

62%.

1

100 »A 100%

J-j

1993

gtd 4'%s

Southern

101

75%

Pittsburgh RR—

Gas

Columbus.

'

100'A

:

(stamped modified)

3 Vis

45

j-j

Union Terminals
1st mtge 5'/2s series
A__
1st mtge 5s series B
1st mtge 4'%s series C
&

64

86%

Apr

1993

Cleveland

4Vis

64

10

152

1966

—

Columbia

64

118

/ 196

1977

Div

Series D 3 Vis
gtd
Cleve Short Line 1st

Colorado

77

48%

1961

Louis Ry—
_J

coll

74%

v

1

58'%

1974

B

Mich

Div

39%

_l.-v

56%

1969

1

Cleveland Electric Ilium 3s
1st mortgage 3s

Cleveland

72
i;

46%

1975

impt 4'%s series E

Louis

94%

'fyi

58'A

1978 "

3%s series E

gold 4s

General

76

98%

•

48

1902

City ice & Fuel 2%s debs__
City Investing Co 4s debs

Ref &

45%

58%

j-j

1962

4s

D

Cincinnati Union Terminal—

General

110%

Apr

1963

conv

series

Cine Gas «fc Elec 1st
mtge 2%s
1st mortgage 27/8s—

Chic

110 Va

___1964

111%

Apr

1994

G......

6er

Indiana

mtge gtd

110%

105'A

103%

106'A 106'A

*105%

j-j

A___Jan 2015

ser

mtge 3 Vis ser E

cons

S

105

«•'

Inc 4%s

mtge

1st cbns mtge 3%s ser F
—1990
1st cons mtge 3%s ser G_—^..2000

109%

77

J-j

A-O

120%

109 %

77
:

^ A-O

1965

'

1st

13

119'% 119'%

j-j

1963 "

±

mtge 3Ves series F

1st mtge 23/is

\ Gen

■

j-j

1951

4s

Income

4 Vis

100'%

9

*75

U-

!___

stamped

Erie Railroad Co.—

105%

29

;.v:/

1951 ;

j.

West'n

97

5s

100%

1965

5s_^

4

128

Ry—

New Orleans 5s

1st mtge 27%s

*104%

104%

•

99 %
49

*145%

111'A

d39%

C140

112

High

97%

*112

Af-S

(NY) 1st cons gqld 5s.__.1995
Elgin Jbliet & Eastern Ry 3V4SJ
1970
El Paso & Southwestern 1st

Goodrich

Chic Tqrre Haute &
S'eastern Ry—
1st & ref M 2%-4%s

Cin

4-''

112

Low

E

101%

110%

98%

101'A

M-N

97'

—

*97'A

/■ ' /' :

100

J-J

111

j-j

1994

Memphis Div 1st gold

Cleve

:•

6

East Tenn Va & Ga Div 1st 5s_„_1956

118

;•

100% 100%

;/ / 100-Va

Ed El 111

110 Va

•:

46

105%

122%

31

.116

100'% 101

j-j

Jan 2003

Gold 3Vis

1st

110%

M-N

1989
&

4'%s

ref

•••■ *112

1

101%

20

.

105'A

10

48%

No.

103%

14

98%

105

i

M-N

inc 4'%s___Jan 11999

1st mtge 4s series A
AGen mtge conv

1st &

*

j-j

1982

;

A

ser

1st mtge 3s ser B
Chicago Rock Island

Chic &

'•'/ ••*■"'-■ •'
.

98%

—

100

-4,

Jan. 1

High

r

99%

6

Range Since

Sold

Low

48%

i

F-A

£

Bonds

98%

'

'■ :

•

103 y8

__

Louisville

conv

4977

100%

15

>

,: '

98 %

98'%

• >

'

•/. A.

:/

5s

B____

ser

&

102%
100 SiS

*119% 127.-'

F-A

1997
1985

RR—

conv

Chicago & North Western' Ry—

1st

98 %

F-A

& Southern 4s
1956
Chic Milw St Paul & Pac RR—
1st mtge 4s ser A
1994
Gen mtge 4'%s inc ser
A__Jan 1 2019
4'%s conv inc ser B
.^__Jan 12044

Chicago St L

98 Va

•

■r

F-A ;

4'%s,._____Jan 1 2038 '
Ry—
mtge 4s inc ser A__
Jan 1983 "

mtge

70

1st

j-j

1977

Chicago Indiana

2nd

/■■■+-

j-j

mtge
&

48

Range

Friday's

Bid & Asked

J-J

8

*124'% 125'%
•

J-D

___1985

Chicago & Erie 1st gold 5s
Chicago Gt West 1st 4s series
Chicago Ind

.1937

'

/•
■;

101'A 101'A

J-j

1989

mtge 3%s_____
mtge 27/8s____

mtge

78

<fe Quincy RR—

Chicago & Eastern
A Gen

49%

91

101% 101%

—'

•r

F-A

,_1958

ref
ref

4961

J-J

51'%

*104'A 105

M-N

:1989

General 4s
1st &

101%

.

M-S

___I973

gold 4s

cons

ChlcsgotBurllngtoii
*

78Vi

or

Sale Price

High

49%-

Week's

Last

Period

;e

126'

.•<

M 3%s series E_-_wl996

impt

Ref &
K

'

Interest

BONDS,

93

.L 103%
100iii{ 100%

i

—

F-A

J-J

Impt M 3'%s series D_'—_1996

Ref &
"

■

.

F-A

1965

'

■

F-A

_„_1968

1

f

56'A

48

A-O

;

gtd gold 4s_1949

Champion Paper & Fibre deb 3s

Ref

50%

'

Low

vK

q-j

1974

53

55

57.

APRIL

Friday

A

to

mtge

j-j

..1987

Power. 3s

1st ref

series

(4'A%

'

__

q-j

1987

~L_

registered

1st &

1987

4s

Central

1st

'

registered

General

.•

ENDED

Jan. 1

No.

'.V

53

:

WEEK

Ranee Since

Sold

High

FOR

•

Bonds

Bid & Asked

Low

t A Central of N J gen

•

■

.

.

ser

Terminal—
A

1968

j-d

114

113'A 115

•

THE

(1470)

COMMERCIAL

&

FINANCIAL

CHRONICLE

Monday, April 4, 1949

NEW YORK BOND RECORD
RANGE

Friday
Interest

bonds
New York Stock
>

;

'

Exchange

■

Nitrate

Sold

Low

J-D

82

82

1997

J-D

80

ENDED

80

DM

1970

A-O

92 '/a

5

81

/-A

stamped
1954
stamped
1964
stamped
1974
Lehigh Vai Harbor Term gtd 5s—1954
Lehigh Valley Ry Co NY 4 Vis ext_1950
Lehigh Valley RR—

80

90 Va

6

89%

94

3

94

97

2003

Jf-N
Jf-N

2003

Jf-N

5s

2003

Jf-N

stamped

modified

Lehigh Valley Terminal Ry ext 5s_195l
Lexington 6c Eastern Ry 1st 5s
1965
Liggett & Myers Tobacco 5s
1951

97%

5

107'A 107'A

2

101%

90 ..V

96 Va

§A2d

gold

4% 8

88%

93

§ A General

gold

61%

23

57

70%

§ A Terminal

63%

12

60

72'/a

35'A

36'A
34'A

4

38'A

58

*35
42

210

31%

37'A

41%
64 3A

65'A

13

64%

X-A

2014

A-O

US

74

us

*105

Gen & ref 4%s series A
Nortnern Pacific Railway—

1UB74

36%

107%

1963

108%'

Prior

107 Vi

107'A 107%

3

103% 103%

us

1971

1st 6c ref mtge 3s
6c Nashville RR—
6c ref

M

3%s series F

102%

22

1st 6c ref M 2Vis series Q

J

104 7

'

107

107

5

•

107%

106%

l'

A-O

2003
2003

A-O

1980
1950

Jf-N

&

ref

M

3Vis

Dlv 2d

ser

84Vi

*81

93%

107%

107%

13

—

—

trust

1st

1st

>

35
22

6

97 Vi

98%

7

103'A

105'A

101'A

103%

4

108%

109

7 7'A

80'A

128

108'A

128%

112

1

»

—

112'A

—

99% 100%

106 Vi

99'A

26

..

Q-J

101'A

•98

62%

2047

J-J

81%

81

81%

2047

J-J

88'A

88

88 'A

12

2047

J-J

88%

89'A

1975

US

62'A

63%

*58'A

64 Vi

58'A

26

.

85

75

60

128'A 128'A

Q-J

75

73

Q-F
Q-A

2047

65'A

44

1

58'A

61'A

'

4%s

States

(Minn)

83%
99%

—

99

*108'A

79%
98 Va

92 Va

99

Coll

.

1997
Jan 1 2047

'

*

Northern

94

92

MS

Atl Knox 6c Cine Dlv 4s

V;;v

93

A-O

H

gold 3s

1st

St Louis

registered
Jien 3s_
3s registered
Ref & impt 4%s seriea
Ref & impt 5s series C.
Ref 6c impt 5s series D.

M-a

2003

1997

35

108 Vi 109

A-O

1974

4s

General

Louisville
1st

lien

4s

A-O

1966

mtge 5s conv inc

39'A
17%

*100'A 103'A

108%

46

7

98%

*112'A

AGen

123%

107 Va

*3

J-J

US

42 Va

49%

120

3

107% 107%

1981
1960

Falls Power 3%s
Norfolk Southern Ry Co—

107%

105'A

98Vi
105

105

97 Va

96

106 Vi

35

J-J

63'A

58

7

44

17%

Jf-N

F-A

11'A

17 Vi
73'A

43

F-A

F-A

1978

Niagara

26%

123% 123'A

107%

44

99Vi

Norfolk 6c Western Ry 1st gold 4S.1996
Northern Central gen 6c ref 5s
1974

40

35

51

1st

Ref mtge 3%s ser E
Ref mtge 3s series F

46%

32

42%

J-J

1937
1940
1943
1982

5s

gold 5s
N Y Telephone 2%s ser D

41%

30

32'A

J-D

1951

97%

J-J

MS

Lorillard (P) Co deb 5s
3s debentures
Louisville Gas St Elec 3 Vis

J-J

1963

3

36'A

A-O

1952

1977

8

33'A

A-O

1962

3

89 Vi

35%

A-O

Llttie Miami gen 4s series A
A Lombard Electric 7s
series

61

93

37%

100

61

63%

Jf-N

2003
2003

5

98'A

A-O

60

61.

7%
3%

4

$N Y Susquehanna & Western RR—
5 A 1st refunding 5s
1937

High

166

8%

3%
*99

91

J-J

4s stamped modified
4s registered

,100

w—

.

8

3%

jf-a

89 Vi

F-A

4Vis stamped modified
4Vis registered

—

8%

J-D

N Y Power 6c Light 1st mtge 2 Vis—1975
N Y 6c Putnam 1st cons gtd 4s
1993

92%

Low

30

M-a

1955

"AGeneral 4s

Jan. 1

Sold

No.

High

June 1992

JAN Y Ont 6c West ref 4s

Bonds

Friday's

N Y State Elec & Gas 2%s
N Y Steam Corp 1st 3%s

92 Va

*99%
91

or

Bid & Asked

Low

96%

2

94

F-A

5s

Week's Range

Last

Sale Price

High

Low

92%

F-A

5s

Period

New York Stock Exchange

Lehigh Valley Coal Co—
5s

Interest

BONDS

,

Jan. 1

No.
'

1975

mtge income reg
Lehigh Coal 6c Navigation Co—
S F mtge 3 Vis ser A

I

,Ran/»«* Since

Ltd—•

Co

A let

APRIL

Friday

High

1907

Lake Sh 6c Mich Sou gold 3%s
3Vis registered

Lautaro

Bon^s

Bid & Asked

Last

Sale Price

*'

.*

•

,

Period

Week's Range
or Friday's

FOR WEEK

101 %

88

78%

95

,88

19

88%

81

101% 102

101'A

95

103'A

Power Co— :

!

mtge 2Vis

1974

mtge 2%s

F-A

1975

1st mtge 3s—
(Wise) lstjntae 2%»

1978

U-N

99

*101'A

A-O

1979

„

98 Vi
2

99%

—

97

~4

97

106'A 106'A

106'A

99'A

96'A

99'A

99

J-J

1977

Northwestern ^e/T Telephone—
3%s debentures

*99

A-O

.

97

97

106'A

105'A

10

M
Macy (R H)

6c Co 2%s debs__
1972
Maine Central RR 4%s
ser A
1960
1st mtge 6c con 4s ser
B
1954
Manati Sugar 4s sink
fund—Feb 11957
Manila RR (Southern

Lines) 4s—1959

May Dept Stores 2%s debs
1972
Mead Corp 1st
mtge 3s
1960
Metropolitan Edison 1st mtge
2%s_1974
Michigan Bell Telephone Co—
3 Vis

debentures

70'A

3

69

J-D

93

93

1

92

95

88'A

88%

9 •'

85%

89%

97

98

M-N

1st gold 3 Vis

j-D

lien

40-year
Prior

5s

4s

lien

ACum

series

series

4Vis

A

A 1st

&

AConv
A

ref

102 %

A-O

A-O

*83'A

J-J

82%

80 Vi

J-J

48

72

49

68

J-J

64'A

62'A

63

Jan 1967

A-O

d73 %
■(.

■■

'

•'

i.

70%

66%

80%,

66

75%

82%

37%

44%

80

MS

44

42 Va

44 Vi

453.

F

1977

MS

79%

78%

80%

340

series G

.1978

M-N

78 V a

80

1949

Jf-N

25%

25

26%

78%
78%
59

*58

60

A

ser

1st 6c ref gold 5s series
ref 5s series

series L

1974

J-D

103

103 %

5

101%

103%

series M

1979

J-D

102% 103'A

32

101 %

103%

3s

series N

1977

J-D

102'A 102'A

2

101%

1981

J-D

*97 %

1980

J-D

1982

J-D

99% 100
104% 104%

& ref

H

1980

A-O

1981

F-A

.1991

US

1968

F-A

1958

MS

2000

J-D

1955

U-N

I

1st

gtd 3Vis
Constr M 5s series A
Constr M 4Vis series B__

!

1955

75'A

44

75%

66

75%

8

57 ;

62%

103%

54'A

55

76%

54%

77%

53%
76%

71%

73

73

71%

j

Jf-8

105% 105'A

1983

M-S

102

debentures

debentures
National Steel Corp 1st
mtge 3s

3s

1965

National

Supply 2Vis debs
Naugautuck RR 1st gold 4s
New England Tel 6c Tel
5s A__
1st gtd 4%s series B

1961

debentures
New Jersey Bell
Telephone 3 Vas
J

Junction

RR

gtd 1st

1982

A

4%s

;

5%s

series

&

impt

100%

100%

101%

117

117%

100% 100 %
117

117

100 % 100%

15
4

A

*80

4JAs

103%

*104% 105
42

A-O

93

94

31

F-A

*92

101

96%

1st mtge

N Y

3s

B

1

V
*

Harlem

River

6c

1st 4s
For footnotes

Port

—

see




102
87

Eastern

&

91

97

4s

23

22

6c Wash RR Co—

.1974

F-A

.1977

J-J

.1961

J-J

series B

J-J

Jf-N

J-J

9

9

8%

8%

1

8'A

101% 101 Va

10

101'A

f 4s
of deposit
Phillips Petroleum 2%s debs

105%

90

95
92

94

s

F-A

J-D

Cons

97%
95

101

101%

—

1964

Pittsburg Bessemer & L Erie 2%s__ 1996
Pgh Cine Chic & St Louis Ry—
Cons gtd 4s series F
1953
Cons gtd 4s series G
1957
Cons gtd 4s series H
1960
Cons gtd 4'As series I
1963

95 Va
93

87%

:

A Certificates

104

gtd 4'As series J

J-D

105%

105%
103 Vi

*108

113%
•

—

103

99 3A

99%

60%

73

Pittsburgh

76

69

81%

1

67

75

1

52%

61

Pittsburgh Steel 1st mtge 4%si.__^105«
Pittsburgh & West Virginia Ry—
j
1st mtge 4'As series A—
..1958
1st mtge 4'As series B—
i—,—1959
1st mtge 4'As series C
—I960
Pitts. Youngstown. 6c Ashtabula Ry—
•1st gen 5s series B
1962
1st gen 5s series C
1974
: 1st
gen .4 % s series D—;
1977

49%

97%

91

10

90'A

92

86%

91%

,

28

99%

101 i

100
3

96

Pittston Co

7

69 V.

80%

78

.

i"

i

Providence

Public Service
3s

J-J

61%

60%

62%

274

60%

69%

43%

42%

43%

510

42%

48'A

102%

103%

-

..—

ref
ref

mtge 8s
mtge-3s

»

•"

100%

r

102 Vi

101'A

103

90

81%

92'A

82%

82%

82'A

92

82 Vi

81

92

109

109

109

109

J-D
J-D
*100.

...J-J
J-J

99%

106 'A 106 'A

;

J-J

*

10

100 »A

106-106%.

108

*__

102% 103'A

102

102%

t

MS

-

99%

99 3A

3

101 Vi

,

101W

77

i

-

•99%

99 3A

.

•

—1963

,1st &, ref (mtge 3%s
^-£1968
1st «fc ref mtge 3s——,——-2037
•1st fz

,

89

101'A

82%

F-A

——1956

Elec tc Gas: Co—

debentures

6c

108

99 Vi

A-O

1983

—

2

102 %

*83

F-A

i

1st

107
.

A-O

L

Terminal 4s_*

1

102

102

J-D

1977

!\

*

72%

Urnj

A-O

,

5'As inc debs
1964
1st mtge a%«^1966

81

.

102% 102%

J-J

1965

1st mortgage 3 %s
1st mortgage 3s

100

71%

debentures

Potomac Elec Pwr

100

96%

7JL

1

86

Consolidation Cool—

,

58;

94%

114%

103'A

99%

1

113'A

113%

40 ^
12

U-N

8

V

66

66%

56%:

,

103% 104

88'A

,60%

—

103% 104

J-D

98 Vi

103'A

*107%

88

51%

97

107'A

88

5s series B

10

105

3

104

Gen mtge
Gen

10'A

102%

__

*103%

Jf-N

99Vi
102'A

__

*105%

F-A

1970

V-

105

F-A

100 Vi

8'A

9

98'A

105

Jf-N

1964

Pgh Cine Chic & St Louis RR—
Gen mtge 5s series A

*97%
105

102

99

101'A

A-O

49 %

102%-102%

101'A

_1937

96%

Jf-N

109 Va

106'A

102

:

A-O

92'A

116'A

109

104'A

12

—1975

*96%'99%'
96'A

114

1

„

104% 105

*__

97

100 Va

116% 116%
*109%

F-A

-

Jf-N

100

116%

-1978

101

53

98%

96

27

2%S—'

53%

V *90 Va

98%

mtge 3%s series E.
1975
Plttsb Coke 6c Chem 1st mtge 3%s_1964

~3

16

104%

104%

—

ref

55

100%

98

61'A

11%

1st &

50 Va

A-O

Jf-8

5s

100

53%

91

.1980

111

53

101%

53%

A-O

*103%

106%

*99

53%

"

F-A

gold 4%s series C

3'As

49%

.1974

17

J-D

67

97

46

110

-1981

71%

J-D

6

13%

110

2%s

67

F-A

54%

12

110

ref

G9

*

53%

Apr

&

70

F-A

A-O

1st

J-J

F-A

J-D

1960

ext

4s

99'A

J-J

„

1963

Apr 1990

debentures

conv

Income

99%

Chester—

page 31.

101'A

99'A
83

100%

120

Jf-N

110

93%

16

5

64

——1954

83%

83'A

106'A

93% -101 'A

9

62 Va

A-2022

>

J-J

!

38

11

63

,

1985

119

A

-

;

80

if

94% V
100

101 Va

A-O

—1973
H Y New Haven 6c Hartford
RR—
1st 6c ref mtge 4s ser A
-2007
AGen mtge conv Inc 4%s ser

.,599%

100% 100%

54%

J-J

93 Va

99%

101% 101 %

271

1973

94%

A-O

U-N

58 Va

2043

Lack *6c- West 4s series A
4%s series B

94%

J-J

1952

'103'A

73

U-N

56'A

F-A

A-O

1984

j.—1981

116

98 Vt

174

100%;

i03'A 104
>93%- 94 Vi

J-D

56%

2043

Mtge 4s series A
.Mtge 4s series B-

series D

.-98%

1967

A-O

1951

N Y

B

1974

61%

2000

101'A
101%

4

1971

51%

-

100 3

2%s_

199

1975

N Y Dock 1st
gold 4s—:
NT & Harlem gold 3%s

114%

2%s

56%

1966
ser

103%

35

—

115% 115%

115'A

2%s —:

54 3A

1998

F

ser

Connecting RR 2%s

100 »/s

J-D

99%

ref

55'A

1980

New York
Chicago 6c St Louis—
Ref mtge 3%s ser E

J-D

1968

12

ref

90%

90%

7-b

1998

.—1965

*101%

103

103

—

100% 100%

ref

104%

102

1998

.

&

1997

Mich Cent coll gold 3%s
3%e registered

69'A
104'A

&

103%

98%

101

M

55%
103 Vi

&

F-A

—.1998

104'A

4

1st

1997

3%s registered

102 Vi

1st

2013

3%s

series

Philadelphia Co coll tr 4%s
Philadelphia Electric Co—

River RR—

mtge 3%s
3%s registered
Lake Shore coll gold

,100'A
K104'A

275

69

*103%

A-O

General

,

General

J-D

General

'.!

k •>

Ref 6c impt 5s series C
N Y Central 6c Hudson

22

101%

1998

A

105 Vi

106

99%

103%

2013

series

d58 %

A-O

F-A

3Vas series F

mtge

Phila Bait

100

93
■

A

—

deposit
<

103

103% 103%

1965

t§APhilippine Ry 1st

J-J

F-A

1954

17

102%

102 Vi

1st

5

*105Vi 106 Va

*100

1956

d58%

1960

Peoria & Pekin Union Ry 5%s
Pere Marquette Ry 3%s ser D

deposit

of

4%s

102

•

deposit

New York Central RR Co—
Cons 4s series A
Ref

105%

102 :

92

D

of

Certificates

104%
98 3A

100%

deposit

of

series

6

*99 %

J-J

1956

of
C

Certificates

A 1st
A

series

Certificates

A 1st
A

5s

104 %

*103 Va 103%

1954

B

Certificates

A 1st
A

series

103'A

MS

J-J

INew Orleans Texas &
Mexico Ry—
5s

5

104% 105

F-A

1953

A 1st

104

*102

J-J

Jersey Power & Light 3s
1974
New Orleans Great Nor
5s A
1983
New Orleans 6c
Northeastern RR—
Ref & Imp 4%s series A
1952
New Orleans Term 1st
gtd 4s

100%

104

A-O

1988

99 Va

104

Jf-N

1988

4s

New

33

100'A 100%

Jf-N

J-D

98 %

100%,

*104%

Jf-N

1975

Gen mtge 4'As series X
'Conv deb 3'As

-89%

89

100%

J-D

1952

96'A

95 3A

99'A

RR—

5s

3s

86

*86%

A-O

1967
1954

3s

N

J-D

A-O

1952

debentures

f

s

Peoria

1970

102%

J-J

104%

Peoples Gas Light 6c Coke Co—

F-A
J-D

E trust ctfs

3s__

General

93

P'

Nashville Chattanooga 6c
St Louis—
2Vis debs.1970

f gold 4%s—1955

a

income debentures—1960

conv

General

N
3s

1st

4s series

Gen

1988

111

6c

'Cons sinking fund 4%«
General 4'As series A

75%

91

43

100

*93

1978

Pennsylvania

81%

A-O

9

1st mtge

58%

7

102% 102%

100

93 »A

10

96

*98 Va

A-O

Pennsylvania Glass Sand 3%s
1960
Pennsylvania Power 6s Light Co—

102%

24

95

A-O

1987

Gtd

104%

101

J-D

103%

1986

102%
98

15

debentures

A3'As

82%

60

1985

104%

98'A

Pennsylvania Co—

82%

80

R

2%s debs

Tel

&

ser

15

Pennsylvania-Central Airlines—

26%

80

3 'As

M

Q

95

98

debentures

3'As

82%

21%

series P

r

82%

75'A

35
350

*101% 103

Jf-N

1978

79%

M-N

1986

Mountain States Tel 6c
Tel 2Vis
3Vis debentures

1st mtge 3s ser B
National Dairy Products

2 Vis

ref

&

Paducan

"V

78%

103%

3s

3'As debentures

69 %

142

75%

73'A
'/ .*•

104'A

102'A

'

2%s

61%

79%

1

103% 103%

3 'As

64

3

F-A

106%

102%

4

104% 104 %

105

3s

1st & ref 2%s series

85 %

79

16

1965

104%

12

104% 104%

104'A

& ref

1st

32

64%

J-J

98

15

106

104'A

J-D

1st

74%

1978

95

98

98

1st & ref

53%

80'A

97'A

1st & ref

30

1962
D

series

J-D

series K

3s

"

51%

79%

14

103'A

96

J-D

1970

1971

1st

87

68

51%

J-J

1966

1st & ref 3s series J

51

J-D

A-O

1st & ref

102%

101%

—

'.1st 6c ref 3%s seriea I

62

55 %

2
—

100%

J-D

A—1960

aer

11%

11

—

Pacific Gas 6c Electric Co—

102%

61

F-A

1978

15

12%

102% 103
*96%

81

MS

*101% 102'A

1975

3'As

12

12

102 3A

A-O

102

66

Pacific Tel

Moh'k 6c Malone
1st gtd gold 4s
Monongahela Ry 3%s series B
Morrell (John) 6c Co 3s
debs
■

101%

22
3

Gas 6c Electric 2%s

mortgage

Oregon-Washington RR 3s

105%;

107 %

60

J-J
US

100

100

107

1975

5s

Morris 6c Essex

9

73
107

71%

103 Va

100

1962

series

gold 5Vis

A 1st &

•

i

:

101 Vi 101%

J-J

1st

RR—

A

5s series A

General 4s
1st 6c ref 5s

A

i

ref

8

*100

Jf-N

Oklahoma

1967

B

adjust 5s series A

A 1st &

•

103
101%

100

105'A 105%

105%

101%
100%

1940

^Missouri Pacific RR Co—
; V

10

MS

1990

Prior

'

105%

Minn St Paul 6c
Sault Ste Marie-—
1st mtge 4 Vis Inc ser A
Jan 1971
A Gen
mtge 4s inc ser A
Jan 1991
Mo Kansas 6c Texas 1st 4s

Missouri-Kansas-Texas

—

—

101% 101 Vi

US

7

1969

6c Mfg 2Vis

fOgdensburg 6c Lake Champlaln Ry—
§Alst guaranteed 4s
1948
1st mtge 3s
1974
1st mtge 2%s
1975

Ohio Edison

97%

*102%

Jf-N

MS

1st mtge 3Vis
M A Midland of N J 1st ext
5s

'

97%

J-J

Ref & lmpt 4Vis series C
1979
Michigan Cons Gas 1st mtge
3Vis_1969
1st mtge 2%s
1969

Minnesota Mining

101%
71%

'

A-O

1952

100%

68 Vi

*__

Jf-N

1988

Sag 3Vis

;-;VV

101'A

69

U-N

1951

Michigan Central—
Jack Lans 6c

■■

*100

J-D

U-N

.

J-J

-

;

:*io8

*147% '

'

J-D

*213

•

:

220

'
-

101'A

102

107 'A

*

j-J
-

—.2037

101%

107%

146'A

148

215

215

104„

104 Va

•

—1972

-M-N-.

*104'A-

&

COMMERCIAL

THE

Number 4791

Volume 169

FINANCIAL CHRONICLE

(1471)

31

NEW YORK BOND RECORD
RANGE

APRIL 1

FOR WEEK ENDED

Friday

Week's Range

Friday
Interest

BONDS
New York

Sale Price

Period

Stock Exchange

or

Low

Low

No.

or

Sale Price

Period

,

Week's Range

Last

Interest

i

,

Exchange

New York Stock

Jan. 1

Sold

High

BONDS

Range Since

Bonds

Friday's
Bid & Asked

Last

Friday's

Bonds

Bid & Asked

Low

High

Since

je

Sold

High

Jan. 1

No.

Low

High

108'A

109%

U
13

101'A 101

101

J-J

1964

deb

Quaker Oats 2%s

102

100'A

1st

3s

R

Oil

ref 3Vis ser D__1999
Tobacco 3s debs__1973

Reading Co 1st <fe

2

86'A

20

102'A

93%

,

104

1977
1967
1967
1969
1949
1941

MS

*__

1971

MS

St

1996

J-J

1996
1955

A-O

1997
2022

J-J

85%

85%

86%

120

83

88%

May

56%

56'A

57 %

194

53

61%

F-A
M-S

*101

1991
1966
1976
1967
1959

A-O
M-N
A-O
M-S

*100'A 101

1955
1957

M-N

*105

1975 ;■M-S
1978
;M-S
1963
A-O

99

125

Saguenay

1976

debentures---

27As

104

Reynolds (R J)

Eleo Corp—

Gas &

Rochester

4 Vis series D

Gen

mtge

Gen

mtge

Gen

mtge

33/4S series H
3'As series I
mtge 3%s series J--—

n

t A Rut-Canadian *s stamper

t§ARutland

4'As stamped

RR

Ref

series C

2'As

mtge

United Biscuit 2%s debs

US

U

S

MS
10

8'A

19

8%

8'A

J-J

debentures

Universal

9

9

"8

J-J

2%s debs

Rubber

2%s

106%

106

6106 'A 106%

MS

3%s debs

Pictures

2d

gold 6s

P 5s stamped

St L Rocky Mt <fc

*99'A 100

97%

100

70

73'A

76

80

79

86

*__

series A
inc 4Vfes~ser A—Jan
St Louis-Southwestern Ry—
1st 4s bond certificates-.-.
2d 4s inc bond ctfs
Nov
1st
A

mtge 4s

2nd mtge

Seagram
Shell

2 Vis

Oil

Bell

Southern

& Tel

Tel

F-A

A-O

1979

Pacific

Ry 2%s

:

J-J

Gold

4Vis

RR

•

•

V 98%

95

9 6'A

123'A

94'A

5s

cons

101%

93'A

100%

93%

*94

92

21

93%

93 %

94%

75'A

80

100%

80

96

79'A

103
1

99'A

94%

*95'A

F-A

*._

105

106

__

106.

103%

100'A

103% 103%'

2

98'A
102%

109'A 109%

103%

36

107%

109%

104

104

99

2

104

2003
1958

J-J
A-O

1995

M-N

1973

—

1st lien & ref M 3'As ser C

A-O

93

98'A

93

98%

*91

96

98

>;•

99 %

103'/8

105'A

*105

/,

105'A

//A/

Gen mtge 4s inc

Jan 1981

series A

inc 4VAs series B—Jan 1991
1st mtge 3'As series B
1971
Walker (Hiram) G & W 2%s debs_1966
Walworth Co conv debentures 3'As_1976
Ward

Baking

5'As

Co—
(subordinated)

debs

Warren RR

80'A

2

80'A

83

74%

9

74'A

7 6 'A

97

97

5

97

9 9'A

88'A

M-N

51

F-A

*51-

F-A

*99'A 101'A

1950
1967

J-D
J-D

3'As series I—_ 1966

J-J

-

55

99'A

54'A

gold 3'As__2000

ref gtd

1st

92

106'A

104'A

104% 105

105

A-O

100%

88

2

88'A

,

98%

23

100'A 100%

M-N

1970

80'A

74'A

Apr
Apr
Apr

Gen mtge

99

88'/2

89%

42

87%

39

99%

101

84'A

25-year

94'A

31

95'/2

30-year

114'/4

17

111'A

116%

93'A

102

114

J-J
A-O

104'A

A-Q,,,*,
J-J

J-J
A-O

91%

91%

A-O

•

M-N

104

yy;

104'A
108

1

102% 102%

-.'A

1971

F-A

95%

J-J

1966

97
'

98'A

*97%

1972

J-J

1973

debentures

M-N

96

*101'A 101%

101'A

101%

101'A 101%

2.2

101'A

101%

56

80'A

86%

100%

101%
99%

101'A

82

80%

81'A

99'A

M-S

1992

J-D

Wheeling Steel 3'As series C
1st mtge 3'As series D

1970
1967

M-S
J-J

1958

A-O

1960

J-J

•113

1949

J-J

74

101

Wilson

S

1st

B

Central

tWisconsin

3s

1st mortgage

Co

&

Winston-Salem

4s

Ry—

'

A

98'A

§ ASu & Du div & term 1st 4s___1936

101%

A

Certificates of

98'A

97

99'A

9 9'A

99'A

96'A

99%

102'A

7

yy

72-

68

44'A

43'A
42

deposit

112'A

'

25As

1976

42

97 %

Service

3'As

1971

J-J

Elec Lt & Power 2%s

1976

6

95%

97'A

•104%

104%

J-J

Wisconsin

Public

*

46 7A

41'A

1

97'A

J-D

Electric

49'A

—

Power

Wisconsin

77.

41'A

43:

75

:

104

112'A

102% 103'A

102%

J-J
M-N

of deposit

Certificates

101'A
101)1

100
101

*95%

.

§ A 1st general 4s

101 %

99

*10032 101%

62. V

-

100

153

100% 10-1

-

63 'A

52'A

,

1

99'A

109%

54

*100%

J-J

98

101%

--'

.

M-N
M-S
J-J
J-J

M-N

97

97%

__

.

52

103'A

94%

i-x'

—8

96

95%
■

Sunray Oil Corp 27As debs
Swift & Co 2% s debs

1950
1951
I960 v:
1951

105%

102 'A

Vt

9

99'A

99'A

Gen & ref M 2%s series A

98'A

51'/4

*102% 103 %

-

100'A

101'/2 101'A

101

101

194g

104

47'A

*42'A
"1"

M-N

99'A

May

IP9!

102%

% 103'A

5

105% 105%

Apr

1966

3

A-O

1973

106

96

63

99'A

1952

Wheeling & Lake Erie RR 4s

i

101%

52'A

debentures

107

110

20

98

97%

45

52%

& Mfg 2%s

El

104

3

104

104

:

54'A

M-S

2.65s conv debentures

25As

98

91%

/

'

97'A

Westinghouse

103 'A

9

38

■54 'A

4'As

estate

&

108

8

108

;

84

2

56

55%

5s

93'A

1983

deb 2%s

80

93 y8

J-J

1985

debs

86'A
80'A

Funding

107%

108'A

Telegraph Co—

Union

86'A

1951

Calif 23As

Pacific 4'As inc A

Western

106%

1

M-S

Maryland 1st mtge 4s

87%

106%

3

109

Jan2014

Western
Western

92%

85'A

105%

107%

109

95'A

86 y4

9

107

2361

*79'A
■

105% 105%
107

2361

guaranteed

4s

1st

Registered

100

—

--

Power

Shore

West

stpd gtd

5s

3'As

mtge

real
gold 5s

J-J
J-J

1996

debentures

Gen

West Penn

96 %

68

*100

Westchester Ltg

98 »A

74%

9

75'A

96%

97

4*
.

86%

87

ASpokane Internat 1st gold 4Vis__2013

27/aS

100%

Washington Terminal 25As ser A—1970

100%

——

„

97%

89

1956
1956

Memphis Div 1st gold 5s
St Louis Div 1st gold 4s

(N J)

101'A

123

96

75'A

—

1956

Southwestern Bell Tel 23As debs

Oil

ll

__

95%

'

'

M-N

1986
1996
1961
1994

2%s series P
1st mtge 2'As series G
Southern Ry 1st cons gold 5s
Devel & gen 4s series A
Devel & gen 6s series A
Devel & gen 6Vis series A

Standard

97'A
54

100

96

*98 %

J-D

3%s ser A-1975

mtge 2%s series E

Oil of

96

96
25

Co—

1st mtge

3'As

95%

5

6

•

vAy y

M-N

1981

Pacific

conv

Wabash RR Co—

35

*102%

■

■

'M-S

1969

4Vis

San Fr Term 1st mtg

Standard

'

J-J

1977

A

Gold

Southern

.:

F-A

Co—

(Oregon Lines)

4Vis

54

*123'A

J-J

1994

debentures

Southern

1st

69%

96%

95 5A

7A

95

99%

Co—

1985
1987

Indiana

1st

102%

63

*100'A 101'A

J-J
J-D

debentures

Southern

1st

96'A

11963

debentures

2Vis

100

95%

96

95%

A-O

1965
1976

Skelly Oil 2%s debs
Socony-Vacuum Oil 2Vis
South & Nor Ala RR gtd 5s

95%
49

J-D

104%

15

W

19

67

103'A

100'A 100%

100%

102

130

65

65'A

J-J

3

128

—

100'A 100%

'■

J-J

103'A

103'A 103'A

106%

127

*102
*12?

100'A

100%

103'A

100%

A-O

100
10

103

.

90'A

85'A
101

2

108

M-N

1971

debs

-

106%

*__

1971

*§ASilesian-Amer Corp coll tr 7s__1941

3s

4

101'A 101'A

J-D

1996
Jan 2016
& Sons 2'As
1966

(Jos E)

Union

2%s

90

90

J-J

4s series A
mtge 4 Vis series A

1st mtge
A Gen

107% 108

107%

J-J

Air Line RR Co—

Seaboard

debentures
Va & Southwest 1st gtd 5s_—

109'A

105

20

1989

Union Dept'3%s B
N E 1st gtd 4s

Paul

Scioto V &

Virginia Electric & Power Co—
1st & ref mtge 2%s series E
1st & ref mtge 3s series F

Virginian Ry 3s series B__

M-N

1989
1989

gold 5s series A
1990
St Paul & Duluth 1st cons gold 4s_1968

series B

f 4s

s

3'As

Gen & ref

St

Cons

100

99'A

10

99%

99'A

J -J

St Louis-San Franclsoo Ry Co—

100%

103

10'A

Vandalia RR cons g 4s series A

Power 3s series A
Lawr & Adlr 1st gold 5s

*98

RR—

Pacific

Union

104

A-0

deb

Calif 3s

of

debentures

2%s
87

863A

M-N

M-N
J-J
J-D

debentures

Union

109% 109%

M-N
A-O

1968
1967.
1970

& coll trust 2%s

mtge

109%

1971
^-1975

Electric Co of Mo 3%s

Union

*104% 105'A

Terminal RR Assn of St Louis—
Ref

&

Ref

&

Texas

imp

Texas

&

3s

D

A-O

1965

2%s series
deb
Orleans

New

*115'A

J-J

2019
1985

imp M 4s series C

Corp

M-N

1st

&

ref M 3'As series B

,—1970

A-O

&

ref

3%s series C

1990

A-O

;

gold 5s__;
Gen & ref M 3%s series E

Texas

Pacific

&

Term

Third

of New

RR

101%

97%

98

103

2

»-* O O

169

50

71%

Deferred

the

:

25

M-S

27'A

346

22%

98'A

13

98'/4

102

99'A

100 %

*

J-D

*98'A 100%

'L-.,

—

AND

WEEKLY
deferred delivery sales

No account is taken of such sales In

^in a footnote In the week In which they occur.
In the

following extensive list

disregarded in the week's range unless

are

in

we

furnish

a

sale

not
n

range

not
sale

Included in the year's range,
d Ex-Interest, e Odd-lot sale
Under-the-rule sale not Included in the year's range, r Cash

impaired

by

y

Ex-coupon..

•

maturity.

reorganized under Section 77 of

tCompanies reported as being in bankruptcy, receivership, or
or securities assumed by such companies.
♦Friday's bid and asked prices;
ABonds

selling

no

sales being transacted (luring current week.
-",1*

flat.

EXCHANGE
RECORD

YEARLY

they are the only transactions of the week, and

when selling outside the regular weekly range are shown

computing the range for the year.

New York Curb Exchange for the week beginning on Saturday, Mar. 26
of the Curb Exchange itself, and is intended to include every security, whether

complete record of the transactions on

ending the current Friday, April 1.
It is compiled from the reports
or bond, in which any dealings have occurred during the current year.

and

94

94

Bankruptcy Act,

NEW YORK CURB
and

year's

the year's range,

included

102

57%

98'A

A-O

income 5s

NOTICE—Cash

delivery

in the

Included
not

45%

-

55%

55%
25 VA

J-J

1960
Jan 1960
Tol & Ohio Cent ref & impt 33As
1960
Tri-Continental Corp 2%s debs
1961
AAdj

a

97%
123'A

118%

'

:

^Negotiability
102

V-D

Orleans 33As__1974

Ry 1st ref 4s

Ave

"V:

102

97'/4

97%

Yonkers

99 '■?

92

9

92'A

V.';'

96

16

196

92%

*123 'A 125'A

J-J

1985

106

Pacific—

Pacific-Missouri

Texas

101%

105

.i

•

96!
-1;

J-D/

2000

1st

9

*

96

1st

M

;

RR—

115%

99%

■

105% 105%
■

115 %

__

—

101'A

*101
'

stock

RANGE

Last

i

y

;
ACF-BrilL

ll

Motors

Aluminum

Acme

-

:

of Prices

Par

/

;:•/ ■

Low

warrants

■

.

v

1

Alloys

Range Since January 1
Low
High

Shares

High

l'A

■.

Friday
STOCKS—

1

200

l'A

2%

2'A

l'A

Jan'

3%

2'A Mar

1,300

)■(

Acme?Wire

Co

Adam.

Stores

10

common:

23'A

250

V4

22%.

.

700

Jan

Jan

V,

32 »A

Sale Price

4%

Jan

21% Mar

:.

Altofer

Bros

Aluminum

$3.75

*
of America common—•

;

.

7

v'

3%.

——1

Inc

'l%

1

Aero-Supply .Mfg
Agnew Surpass >Shoe Stores
Ainsworth- Mtg- common

>•'

1%

1% Mar

1,400

v

1%

Jan

7'A

l'A

'

*

..

cumulative preferred™
Mfg

7'A

.

•"

9'A

■'

.6

y 800
500

10'A

5%

•' ■

P

-

Goods

Industries

common

8%

Aluminum

10'A Mar

Feb

American

6% Jan

American

Ltd

Associates Inc. (N

J)

—

n—1

y.

5'A

V;

*25

51 %

54

96 %

96'/4

96%

24

47%

1

,24

6

-

6

Mar

5.800

48

Jan

54

93%

Jan 7

98% Mar

■A

150

......

300

6

47'A

it-

High

Low

*6

51%

•

Range Since January 1

High

6

*

common

Bantam

Car Co

class A

American

Air

100
*

Shares

s

26'A

23% Mar i

100

5'A

3.500

48%

9'A

46%

Jan
Mar

Jan

6%

Jan

51%

Jan

1%

Feb

Feb *

Jan

Jan

Jan.

'

5

Aluminum
Aluminum

Hat

for Week

of Prices

Low

common..

Co

Sales

Week's

Range

Par

Jan

„3'% Mar 'v/

'

x

Last

New York Curb Exchange

for Week

Range

Sale Price

APRIL 1

Sales

Week's

Friday
STOCKS-

V::;" >'-New York Curb Exchange

v

FOR WEEK ENDED

Mar,"

Beverage common-—
Book
Co

American

Cities

%

100

.

.

1

7,8 Mar-/-

5,100

'A

l'A

63%

63%

70

*6%

'> 1,600

1

1

,'-w.

l'A

100

; 6i

Jan

1%

Feb

66

Jan

Jan

""

Air-Way /Electric ^Appliance
-

Alaska

7

r

5%

3,600

7

Feb

Mar

k-"

:

92 Va

86'A Mar

'
'
•

4'A

j

91

j-y

4%.

3,400

5

Feb

200

4%

4%P

Jan

3'A

1

common-.

Allied

Internat

Investing

Allied

Products

(Mich)

Altes Brewing CO
For

footnotes

Corp:

4%

1

common-

5

1

t
see

page




35.

&

3'A

Jan

Jan

-

Class

Light—

3%
—

„

'

95% Mar

American

Fork

&

Hoe

Ay

4%. Jan

American

Gas

&

Electric

3%

3
16%

16'A

5%

;,5%

300
300

/

,200

2'A Feb
;

'15% Mar
5'A

Feb

5

Mar

3% Apr
17'A Jan
6
"Jan

commoncom

preferred

American General

Corp common
$2
convertible preferred
$2.50
convertible preferred

American

6

1

B

...

4%%
& Fisher

Alles

Power

■

'

;1'':

Power 4.20 %
pfd—•. ___100
—1
Airlines Inc____
:

Alabama

6

6%

50

Great -Southern

Alabama
:

3

Hard

Rubber

Co

100
10c
1
1
25

%

..*

6

6%

Mar

Feb

17%
42%

18'A

350

17 y«

Jan

18%

Feb

41%

*

10

42%

11,600

37%

Jan

42%

Apr

11 l'A

2%

2%

28 3

4

33 'A

33%

250

112

'

."

12 34

,

112

2%

Mar
Jan

Jan

27'A

Feb

30

Jan

75

33%
13'A

Jan

2'A

175

32 »A

Jan

34

Jan

'

-A

111

9.000

2%
30

100

12% Mar

13%

Jan

'32

(1472)

THE

COMMERCIAL

NEW

YORK
RANGE

Friday

Week's

STOCKS—

Last

New York Curb Exchange

Sale Price

Laundry Mach
Light & Trac common
preferred

Range

6%

23 ft

25

American Mfg Co common
American Maracaibo Co

14

Class

Potash

&

class

Chem

3%

24'A

25,700

22%

14

200

3'A

3%

200

Seal-Kap common
Amer Superpower Corp common
$6
series
preferred
American Thread 5% preferred
American Writing Paper common

31

Mar

15% Mar

Feb

5%

27%

2IV2I

21%

21%

Feb

10 %

Jan

Feb

41

Jan

Jan

28% Mar

8

22'A

200

22%
21%

2,800

2%

Jan

"%

26,300

72%

2,250

4%

600

4%

25%

5%

5%

300

5ya

Feb

S

ft

V4 Mar
58

%

Jan

4%

2

4%

5'/a

500

4% Mar

1

5%

8

8

100

7%

8

:—£1

reg

15%

15%

75

15V* Mar

~6%

500

5% Mar

104% 105%

104%

170

104

17%

Feb

Feb

3 y4 Mar

8%

Mar

Jan

105% Mar

3

2%

3%

Jan

•

7%

7%

8

16,200

5%

Jan

8

Mar

7%

7%

7%

27,400

5%

Jan

10

6%

preferred
Arkansas Power & Light $7 pfd

Equipment Corp

Jan
Mar

•

7% Mar

10%

10%

10%

2,600

10%

Jan

113% 113%

10

113%

Jan

900

6%

Feb

•

2.50

.

Ashland Oil ft Refining Co
$1.20 conv preferred

Asplnook (The) Corp

.

1

.

7%

7%

17

17%

22%

21%

3,700

2% Mar

10%
8%

Feb

19%

900

21% Mar

23%

Feb

8%

500

7% Mar

7%

100

%
20%

125

7

600

18%

<

16%

8% Mar

Jan

l

2%

2%

45%

.....

60

Cessna Aircraft Co

45%

50

5%

5%

40,500

4%

17%

5,200

16%

Apr

4%

4%

4%

7%

7%

8

1,900

8 -

9

1,400

8

Mar

23

Jan

y

11%

44 %

700

4%

Feb

13%

400

•

54

53%

55%

2,300

m

33

33

33%

650

8%

11

500

i

Beck

Lt° Canada

I

Jan

Jan

5

5%

Jan
Jan

25

Feb

15%

9%
1%

Jan

36%

35%

ZZZZ"
~

13%

150

3

7%

600

10

2%

3

10,900

32% Mar

Jan

11

3Vb

Mfg

Feb

7% Mar

24

Jan

33

Jan

62

Mar

74

Feb

16%

130

16

Mar

21%

Jan

17

5%

5%

6%

300

17%

4,900

15%

Jan

5%

1,500

4%

Jan

5% Mar :'r-

Jan

7

6

•

Feb

22%

gi

13%

Jan

Feb

15

Jan

'

10%

10

fl

450

10%

100

10

__

19%

10

19% Mar

Jan

10% Mar¬

11%

Jan

io

50

21

11%

Feb

Apr

V

«•

1%

Brciass B°1Umbla

Power classTir'"**- *
Brown
Forman~Dlst"niersII
I
4% cum
Junior pfd__

1%

22%

22%

25

9%

10%

1,600

100

V

1%

Feb

-

10
5

*?

Z_~Z_~Z

22 %

Jan

23A

Jan

9%

Jan

3,200

4%

Feb

5%

Jan

9

400

7%

Feb

9%

Jan

Feb

20%

Jan

Jan

4%

Jan

17%

200

17

4%

11%

11

dep rets

11%

2,200

11

18

18%

2,300

17% Mar

10%

10%

100

9%

Feb

22%
12%

Feb

%

18%

i

Burry Biscuit Corp
Butler (PH>
common

Jan

5

8%
17

%
Van

10%

4%

8%

a an

_

Jan

21% Mar

.

& Sullivan
Burd Piston
Ring Co
Burma Corp Amer

2

2% Mar

—

ii

~

A

4,900

%

Jan

%

Jan

2%

16,200

%

ToITT

2%
__

1%
11

'

11

Jan

1%

100

11

Jan
Feb

11% Mar

3%

3%

4%

1,400

3%

100

4%

2

% Mar

12% Mar

Class A

5

5%

Jan

Feb

7y4

Feb

~7%

300

6%

Feb

22

225

20%

Jan

22

20%

Feb

22

Jan

38'/a

Feb

1,100

12%

Jan

13

12 y2

13

500

10%

Jan

16%

—-—1

:

16%

17

350

15

2%

■

4 V
20

Cllnchfleld Coal Corp common
Aluminum Products Co.

Club

Cockshutt Plow Co
Colon

—•

Colonial

28

9%

200

8%

Feb

'10%

Jan

8%

Vtc ext

r;

ZZ

4%%

12
4

'A-.'.:

1%

1%

1 %

1,200

5

18%

18%

19%

300

1

8

Feb

9%

Jan

..

8%

300

3%

100

3

100

109

23,400

2

3%

109

3%

110

4%

£1
2s 8d
...

12%
'

"

'

—-

—

•

13
1

Central Maine Power Co—
100
"*5.




Feb
Jan
Mar

Feb.

Feb

"l%
21

8%
3%
45

Jan
Jan

to

1956

12

22

100

3%

4%
7%

.>:':4Vs

'4%

:

J

Mar

17

Mar

3%

Mar

Feb

32

'

Jan

Feb

4%

7% Mar

900

3%

w' A ':\

Jan

2%

Feb

7,400

4%

5%

3,100

29%

29%

100

28%

;-y: 7%

■rl. 7%

300

7%

63%

64 Vi

4%

Jan

4%

Jan
Feb

Feb

v"-

4,750

.

35

Jan

4

Jan

40%

Jan

'

Jan

12

Jan

Feb

37%

r-

Jan

3%

29%

—1

5%

"... 4%

38
;
: 4%

,

Jan

8

•

4,900

4%

2%

-

11%

;2,700'

Jan

2

'

:

Feb

5% Mar
30%

Feb

7% Mar

series B preferred

preferred series 0—
Consolidated Gas Utilities—...

•

112%

112% 113

100

101%

Car-Na-Var

1,700

1

,

11%

17%

•
ft

17%

17%

85%

85

10

3%

Corp.—.

'

11%

1

A

Continental Fdy ft Machine Co

1 '

'13%

Cook Paint ft Varnish Co

1

Jan

64%

Feb

109

.Jan

113%

Feb

100

Jan

103%

Jan

1,100

9%

500

17

Cooper

Distributing Co
Cornucopia Gold Mines

1 %

1%

.

class

Cosden Petroleum
5%

Jan

1%

.

•

Jan*

12

Feb

27

900

:V
8'A

:.14

Jan.

'

7% Mai"

8%

7: '

Jan

5%

5%

5%

800

4 '/2

Jan

15%

15%

900

14%

Jah

16V2 Mar

—1

15%
; 5%

,-5%

6%

3,700

4%

Feb

50

39%

38%

3%
31

4%

4

-

400

30%

31%

300

4%

4%

2,400

79%

30

79%

2

Jan
Mar

111% Mar
4% Mar

13% Mar

Mar

2

Mar

x4% Mar

5

Feb

3%

Feb

30% Mar
4

76%

Feb

Jan

4%
36

4%

w

'.5% Mar

•

~

•;!.

J-.- '2% Jan ' ;.
''■%*« Jan 7- ■:

% Feb

100

Jan ,7-,

Mar'

28%

2% Jan

2,100

8%

1%

Mar

..1

A

convertible preferred

American

1,200
«

13%

.1

common

Courtaulds Ltd—

Jan

Jan

3%

.

60

Corroon ft Reynolds common

preferred

1%

13

17%

103%

Jan

3

•

1

12% Mar

Jan

500

3%

Jan

83% Mar

1,350

87

3%

58%

890

230

101% 101%

Liquidating Corp

Continental

63%

100 "

40

200

6VH Mar.

36% Mar

Jan

42

>

dep receipts

(ord reg)_£l

3%
.31%

500

3%

32%

3%

Jan

3%

Creole

Petroleum

B

1

Brewing Co
Crosley Motor* Inc
Crowley Mllner ft Co

Feb

30 V*

Feb

41%

Jan

6%

4,100

••%

Jan

2,200

6% Mar

7%

Jan

1,000

5 Va Mar

6

Jan

4,700-

!«
7

.

■

.5%

5%

,8

Cent

Petrol

Crown

Cork

Interhat'l "A" partic

(Md)

common

~5 %

•
25c **

12%

12%'

350

Zi'A

2%

2%

2,600

1%

1%

2%

400

...•

5%

6

,

2,700

5 Va

12

:

1

•

Feb.

Mar

VjV
..

.

6V4
13%

2>A Mar
1%

2%

Jan

Feb

10

Jan
Jan

Jan

2 % Mar

Atlantic Sugar

36

35

.

36

60

30

•

Jan

36

*

ft

common

preferred

Cuban Tobacco

15%

15%

14%

14% Mar

7,000

100

103

103

20

•

common

Curtis

8

8

50

Lighting Inc common
Curtis Mfg Co (Mo)

Davenport

102

17%

Mar

104

Apr
Jan
Feb

5% Mar

2.00

12%

12%

50

2A

2%

300

7%

7%

200

8% Mar

5%

2.50
ft

6

12

Feb

Mar

14%

Jan

33%

Jan

Jan

D
Hosiery Mills

Davidson-Brothers Ino

30

1

common

Day Mines Inc
Dayton Rubber Co class A-

Dejay Stores

5%

50c

common

Mfg class A

common

debenture

80

ft

—

—

10%, 10%

■

Derby Oil Co

common

ft Manufacturing
Iron Foundry

1,500

—•

—

13

8

—

«

13%

Jan
Jan

Jan

32

Feb

6%

Feb

8

9%

•'

100

6
3

2

'

8%

Jan

Jan
Mar

x28'/2

lOo

Dennison

132

—

Feb

Jan

11%

Jan

A 133

Jan
Mar

1,700

11%

Feb

15%

Jan

Detroit

Gasket

1

8

8

100

7%

Jan

9%

Jan

Detroit

Gray

1

2%

2%

2,800

2%

Feb

2%

Jan

Detroit

Steel Products

21%

22%

1,200

20

Feb

23 Va

Jan

10

Mar

12

Jan

14'A

Feb

10

Devoe ft Raynolds class B

22 %

*

—

Distillers Co Ltd—
Amer dep rets ord reg
Dobeckmun Co common

Domestic Credit Corp class A
Dominion Bridge Co Ltd
Dominion Steel ft Coal class B

..£1
1
1

—

13'/2 Mar

;

——

8%

9

300

6%

Jan

2%

—

2%

3

3,300

2'A

Jan

26 Va

Jan

•
.

!Zie

Dominion Tar ft Chem Co Ltd

13%

13%

14%

1,000

—

_L'.

Corp

64 Va

!!•

'

—

\v<S

;

—\

'

63%

64%

30

30

—

—

-V

.

—

Jan

3 % Mar

29%

14%

Jan
Jan

21 % Mar

9% Mar

150
50

10%

13% Feb
20% Mar

'

— —

Dominion Textile Co Ltd common-

Power

Co

—

Dunlop Rubber Co Ltd—
Amer dep rets ord reg.

Jan

10

60%

Jan

65

Feb

30

Feb

32 %

Jan

74

,

—1

j.

Vhj

.£1

Durham Hosiery class B common..
Duro Test Corp common

Feb

78

6%

~2%
l—w' "1

■

2%

Jan

1%

100

Jan

10

'■

■

-1

Duval Texas Sulphur

East Oas

ft

4 v2

Mar

7%
V

■i.

Feb

Feb

2% Mar
11 %

Jan

"

5%

10%

10%

Fuel Assn

3%

eoouaon.

M/

11

3%

-

10$

73

800

V

73

72

4

73

100

prior preferred
preferred

25

4% Mar

2,200

10% Mar

5%
j

Jan

12 %

Jan

•

'

3%

Feb

4%

Jan

200

72

Jan

77

Feb

74

2%

1,025

69

Feb

74

Jan

37%
"•

:•••-. 20

2%;-<

37% Mar

900

2

Feb

58

Mar

37% Mar
2%

Jan

'

,'.V

LT*:

.'

•

54

;

250

*

Electric Bond

I

13

Light $7 2d pfd A..*

160

l

A

—

'

62

•

62

•

A7%

"V

Jan

54%

Jan

13%

Jan

60

Mar

64%

Jan

7

Mar

10

Jan

v.;-

1

$5 pfd shares of beneficial Int
Easy Washing Machine clau B

63

48% Mar

11% Mar

—

51%,

Sugar Associates—
shares of beneficial Int.

% 9,700

75
-

37%.

$7 preferred series
$< preferred series

Jan
Jan

Jan

79% Mar

ft Share common

Electric Power ft

Option

warrants

Electrographic Corp common
Empire District Electric ft* pfd
Empire Mlllwork Corp
Emaco

Derrick

ft Equipment

Equity Corp common
18 convertible preferred

Esquire Inc
Eureka Corp
*»*»*'•

-

•

preferred

5%

13
lu

6 v4

1

Crown

$6

%

•

Croft

Cuban

32 Va

175

7%

1,500

13%

52,100

•'

Jan

'

1

—

_

Feb
Feb

7% Mar
4C%

—.

Ltd—

ord

3%

1%
18

•

„

page

2,100

A vs. A

7%

1

4%

Com

1

'

preferred

Feb

Jan

13

Jan

1%

31%

28

•

1

Consol G E L P Bait common

Eastern

2.50

.

2'A

25,800

Jan

14% Mar

5V4 Mar

—

Sand ft Stone Co

1%
46%
.

Jan

/1,500

'

Eastern States Corp—.—..

Carolina Power ft
Light $5 pfd_Z__ZZ~*
Carr-Consolidated Biscuit Co
1

Castle (AM) ft Co
Catalin Corp of America

2

Mar

6 V* Mar

*

common

Development ordinary
Airlines.,

Eastern Malleable iron.

•

__

Carnation Co common

Amer dep rets B ord
Carter (J W) Co common
Casco Products common

3%

1%

—1;

-

0%

ion

For footnotes see

30,600

14%

Jan

AlcoholZZZ"

Carman ft Co

3.50%

2,200

45 'A

13%

4% %

•

A

1%

43

14'A

Mar

2%

•
•

Marconi

rets

1

44%

7y2 Mar

Feb

% Mar

"a

common

voting

dep

8% Mar

3%

21%

_Zi
I

ZZZZZZZZ

Capital City Products common
Carey Baxter ft Kennedy Inc

Amer

Mar

9,700

7y4

preferred

Carreras

Jan

"7'A

i

Class

Canadian

4%

4%

«

~Z_

B
non-voting
~_Z
Canadian Industries Ltd—

7%

Feb

4%

6% % preference
—Zio
Canadian Canners Ltd common
_•
Convertible
preferred-.
•

Canadian Industrial

9% Mar

Duraloy (The) Co

t

•

Calif Cotton Mills Co

Canada Bread Co Ltd
Canada Cement Co Ltd

10% Mar

Jan

—10

—

Jan

£i

Calgary ft EdmontonCorp Ltd
Power.

Feb

Jan

6

1

Clayton ft Lambert Mfg

Duke

Boa

pfd

SCallite Tungsten
Corp.__
Camden Fire Insurance

17%

6

'8

C

Cable Electric
Products common
Cables ft Wireless—

S?^M?5niR El^trlc

14 % Mar

5,100
6,800

,

Claude Neon Inc common—.—.—-—1

Draper

Calamba Sugar Estate

Jan

■9%

—

Driver Harris Co

American dep rets
5%

64%

9Va

Feb

Feb

13%

19%

ree

^uTbber Co commo'iZZZZZZI

57% Mar

Jan

13%
—

Tobacco—

Bruce (E L) Co
common
Bruck Mills Ltd
class B
Buckeye Pipe Line

400

Jan

17% Mar

22

—

ord

Jan

170

6%
17%

—

Ltd-8

Jan

10%

10

10

Crystal Oil Refining

100

•

dep rets ord bearer

Jan

13%

>8%

Mining

Co

7%
10 Vs

liy2 Mar

587t

*

common

Controller Co

Clarostat

6% Mar

125

4

City Auto Stamping
City ft Suburban Homes
Clark

100

7% Mar

*

Consolidated

Cities Service

7%

58

Voting trust ctfs

Jan

16

~

British-American Oil~CoZ__Z

Jan

Jan

58

Chicago ft Southern Air Lines

Crown Drug Co common

26

•

~

4

10

Chesebrough Mfg common
Chicago Rivet ft Mach

Jan

7%

Feb

Jan

65

•

~

_

Feb

36

.14%

'J Mar

2%

Jan

62

63%

J

Amer dep rets
ord

9

Apr

9

■

25%

inn

Co__Z

Feb

900

Jan
'

Jan

36%

Mar

13% Mar
6% Feb

275

Jan

1"% Mar

Feb

8

6

•

pfd

Co

British Oelanese
dep rets

33 Va

10

Jan

Jan
Jan
Mar

5%

26%i Jan

«

Co

British American

1%

1,500
90

9

%

Amer

1,600

8%

6%
14

8% Mar

200

32%

6%

B«S!a^actlon "flSi'ft'pJw£™>
Corp common
Oil

1,400

13%

13%

16%

Mar

35%

«

Z

.

5

'

i

ft Co common
Co common

Brillo Mfg Co
common
Class A

Jan

6

Feb

36%

8

■

Gas Light

Jan

8% Mar

Feb

31%

areese

Bridgeport
Bridgeport

5V2

•

~

Blue Ridge
Corp common.

cum

36%

4% Mar

100
'

?

common

C)
prior

55% Mar

Feb

10%

1%

SteeI Fdry & Mach
Co com-*

Borne, Scrymser
Bourjois Inc

7

50

9%

1%

las

Convertible preferred
*nc common

Blumenthal (S)

Feb

32% Mar

1,000

5%

9%

*""•

«!cj ?r

Blauner's

6%

i

_

3%

3

36% Mar

11%

Jan

8V2
10%

■

9%

Jan

11%

2ft

Jan
Jan

6

Mar

47%

13,700

14

I HI" I

common

8%*

6%
14

i

_

3%

.

Jan

-5

.

Community Public Service
Compo Shoe Machinery—

51 y2

13% Feb

r

Benrus Watch Co
Inc
Benson ft
Hedges
_

~5

_

i

common

.

~4%

■

common

Feb

6% Mar

'

$1

common

Ties

5y2

200

Mar

6% Mar
7% Mar

.

12

.

ft Co

50

6%

35 y4

'

~4%

\

(AS) Shoe Corp
Aircraft common

Ttfi,.

8%

—

Inc

(L)

-7%

Jan

63

Feb

3

2t

21%

7%

Feb

5%

10

Corp common..—
Cherry-Burrell common.:.

Consolidated Mining ft Smelt Ltd
Consolidated Royalty Oil

"

Seellg Mfg—

Baumann

55

30

;>••)•••• 6'/#

Colorado Fuel ft Iron warrants

B

Beau-Brummel

6 %

—

330

•

6%

7%

Charis

Consol

$1.20 convertible A
common
Basic Refractories

60%

6%

Jan

88% Mar

■

:

|

American shares
Barium Steel
CorpZ.I
Barlow ft

Feb

2.50

Chamberlln Co of America.

Colt's Manufacturing Co
Commodore Hotel Inc

6% Mar

9

2ft

-

5j/2

3%

Feb

Feb

16%

•

preferred
Baldwin Rubber Co common
Banco de los Andes—

400

—x

common

Jan
Jan

16%

__fl

7%

7%

:

__

High
15

Jan

'

Jan

3V4

l

Babcock ft Wilcox
Co
Baldwin Locomotive—

85%

10

%

2% Mar

900

5%

.

preference

'

9 y4 Mar

100

2

7%

Feb

l

Atlas

400

88%

58

—1"

Inc

22 y2

A Mar
16%

'

:

1929

common

Low

»-.y;

Z ■"»

10%

7%

100
100

Colonial

i7c,
r'—/-

Conv

Investors

Range Since January 1

High

Jan

22%

•

Corp warrants-,.
Plywood Corp
Automatic Steel Products Inc
Automatic Voting Machine
Avery (B F) ft Sons common
ft* preferred
Ayrshire Collieries Corp com

Jan

7%

•

Atlas

Feb

114y2 Mar

8

--

£l

Associated Laundries of America
Associated Tel ft Tel class A
Atlantic Coast Fisheries
Atlantic Coast Line Co

1,700

17

•

Associated Electric Industries—
American dep rets reg

;

'

1

3

Century Electric Co

Shares

88%

100

preferred

Chief

15%

2%

100
1

Arkansas Natural Gas common
Common class A non-voting

Aro

Feb

~6

1

1

Jan

5% Jan

Angerman Co Inc common
Anglo-Iranian Oil Co Ltd—
dep rets ord

Jan

72% Mar

Anchor Post Products

Amer

Jan

_C'V': y.!'.

-100
6% preferred—100

Conv pfd opt div ser
Conv pfd opt dlv ser

Century

Low

,,10%

10%

1

Sales
for Week

of Prices

Par

Central Ohio Steel Products
Central Power ft Light 4% pfd

7%

Sale Price

*

Z'i'V!;1; j/'iv

{Central States Elec

Week's
Range

*

Last

New York Curb Exchange

3% Mar

Feb

is

72 %

~

Jan

"%
70

'

.*

28% Mar

Feb

4%

10c

Apex-Elec Manufacturing Co
Appalachian Elec Pwr 4%% pfd
Argus Inc

Jan

34

2

Angostura-Wupperman

Feb

23%

10

American

24% Mar

Mar

3%

•
*

Republics

25%

Mar

14

13,600

9%

High

Jan
Jan

17%

—*

A

1

Friday

Low

9%

—

APRIL

STOCKS—

300

14

Monday, April 4, 1949

EXCHANGE

ENDED

Range Since January 1

31

2

B

American

Shares

23%

23%

CURB
WEEK

CHRONICLE

for Week

High

23'/4

24%

—1

American Metal Products common
American
Meter
Co
American

low

20
25
25

FINANCIAL

Sales

of Prices

Par

American
American

FOR

&

12%

■ .-

157 •'

7%

-

160

7%-

1

7%
13

10%

Feb

6

Jan

9%

Jan

600

10c
1

Feb

97

6%

"iVa

7 Va

12

12

8

1%
■'

1%
■

l7s

33%

33%

Feb

140

100
1

10%

50

5,000

800
100

11,600

5%
11

Feb

1%

100

32

'4%

4%

200

4

%

|. A

3,700

Feb

Feb
Jan!

13% Mar
160

Apr

7% Mar
13

Mar

100%

Feb

7% Mar

12%

Jan

1% Mar
35%

Feb

'

1

Ltd

*.«no mtrnmoTI

1
IS

TV

Mar

%
14

4% Mar

Jan

Feb

Mi

18

Jan
Feb

*

'7

1 THE

Number 4791

169

Volume

COMMERCIAL

YORK

NEW

.

Friday

Week's

Last

STOCKS—
New York Curb

IV

Par

CURB

FOR

CHRONICLE

(1473)

EXCHANGE
APRIL

WEEK ENDED

1

Shares

Week's

Last

Low

High

LOW

Par

High

for Week

of Prices

Sale Price

New York Curb Exchange

Range Since January 1

Sales

Range

Friday
STOCKS—

for Week

of Prices

Low

RANGE

FINANCIAL

Sales

Range

Sale Price

Exchange

&

Shares

Range Since January 1

High

Low

High

I
J
'

—10

York Corp common—.^.

dlv cum preferred

—1

8 Va

Feb

12% Mar

63

64%

130

59'A

Jan

65 y2

2%

1,000

2%

Jan

2%

Jan

2%

2%
29

'

—

30

425

28

16%

;

Mar

Jan

a

__

4%

4%

B

*

non-voting

Class

voting

Ford

of

Motor

1,400

4%

Pitt

3%

1,400

1

Jim Brown Stores

1

lVa

-4%

200

,*

4%

4%

100

4% Mar

common

Preference

Julian

A

Kokenge

15%

France—

Feb

1

Fuller

21

Jan

Mar

23

Feb

i a.

%

Jan

i<;

6,800

9%

200

9

8

250

7

Mar

8

%

Feb

7%

8

Jan

Jan
Jan

"10

8%

Jan

*

'

8

700

8

23%

23%

200

7%

8%

700

8:

0

Co

(Geo Aj

pfd

8 y2 Mar

23% Mar
-7V2

25%

Feb

Jan
Jan

9

G
Corp common

Kennedy's

Inc

(Walter)

St Co

Kimberly-Clark Corp—
4% % preferred
Kings County Lighting common
cumulative

4%

King

Jan

15

Mar

88%

92 Va

92

120

8

4,100

5% Mar

8

•

1%

1%

1%

1,600

1%

1%

Supply Corp com—1

3%

3%

3%

1,100

3%

(DEmll)

Klelnert

■

Jan

Jan

3 y4 Mar
22 y4

Feb

£1

8'A

Jan

5%

Jan

*

Adv

6%

%

6

7%

7%

50

32 %

500

100%100'/a

6

1

6

10

Va

—10

General Fireproofing common

32

32%

*

100
General Phoenix Corp
1
General Plywood Corp common
50c
1
General Public Service $6 preferred—*
'Georgia Power $6 preferred
•
$5 preferred
•

pfd

(A C)

Gilchrist

2,100

'

~3%

3%
2%.

Feb
Mar

"Tobacker

1,300

4
2%

1,500

100

900

4%

5%

15

15

5%

2,000

16

•

150

24%

Company

29% Feb

16%

300

15

Feb

2%

1,000

2%

Feb

500

9Vu

Feb

2%

11%

12

1 Va

lVa Mar

3,600

ih

24%

10C

102%

Feb

Lakey Foundry St Machine
Lamson Corp of Delaware

Feb

Lanston

La Salle Extension

Jan

2% Mar
Jan

•

5%

;,-4,

Apparel

Mar

Lefcourt

Mar

Leonard Oil

Jan

116

Feb

106%

Feb

Le

Inc

10

10

Jan

12

200

10% Mar

12

Mar

19 'A

725

18%

Feb

20

Jan

600

Feb

gy4

4

" Jan

14 Va Mar

Jan

5 %

Apr

18%

Jan

10

Jan

18

27

Realty

21%

Jan

Jan

300

10%

Feb

11%

13%

13%-

100

13%

Jan

14%

Jan

2%
39

50

22

22

100

_5'A

56

•

450

10%

1,700

6 Va

100

8%

s

—

57 Va

6 Va

-

3

9%

1,500

Paper

y~-

25
common—25c

Jan

2V2

$4.40

pfd

Inc 6 % preferred

Steel

Lone Star Gas Co. (Texas)

Longlnes-Wittnauer Watch Co

Island

ctfs

of

20% Mar

22%

10 Va

Feb

12%

Jan

26

26

100

25%

Jan

7

500

21

26%

237/a

Jan

24%

Jan

21 % Mar

24%

Jan

23%

24%

5,300

8y4

24 Va

8%

400

—

21%

•

Jan

8V'B Mar

Feb

57/e

Jan?

8

7

Feb

Paper

5%

47

25

Rubinstein

35 y2 Mar,

7% Mar;

?%

Feb

700

77 y2

Feb

83

600

66 y2

Feb

16%

Feb

A Mar
20 y8 Jan

••

102

Feb
Feb

8%

Co

12

18%

5,500
'

.

;

I—;

*

12%

111%

;I

Feb

•

12

3,000

Apr

7% Mar

10

Service

International

•

Marion

Power

Massey

Harris

A

■

,

4% preferred
Henry Holt & Co

w

w

(Geo

Horn * Hardart

400

46

Inc

50

Jan.
Mar

8%

Jan

10 Vs Mar

15%
8

Feb

Jan

Jan

38>.

Jan

i'

A

~8

"7%

8'A

2,700

~2%

2%

300

Feb

,8% Jan

15%

Feb

19'A

2y2

Feb

3

Jan

Feb

6%

Jan

7%

__

1

.;V'

68

10 % Mar

96

Jan

72

Mar

Feb

8% Mar

Jan

48%

Jan

10%

5,600

9

Feb

10%

Jan

3%

400

3

Jan

3%

Jan

43%

16

.

I.:

139

Feb

16

100

15% Mar

41%

150

40%

139

10

32

450

136

Feb
Mar

31

17'A
42

Jan

Jan
Mar

31%

32

5

20

•

72

32

Mai-

Jan

109

Mar

21

Jan

20 %

200

19%

Feb

71%

73%

3,500

68%

Feb

79%

Jan

2%

Jan

3%

Feb

Jan

47%

Feb

3%
:

43

43

3'A
43

'

300

50

43

4y8 Mar

common

"2%
16 Vs

l

Hydro-Electric Securities

$

100

16%

350

•

Hygrade Food Products

_2_%

16 Va

i

1st conv preferred

2

16

16%

300

6

Jan

Feb

3'A

Jan

22 y4

Jan

Feb

15 Va Mar

2y2 Mar
18

17%

Feb

37

27% Mar

32%

Jan

7V4 Mar

9%

Jan

~8

2 Va

-l

100

14%

5,700

1%

preferred

Iron

3%

4%

1

4%

5,400

5%

6

300

47%

48

20

Class B

v

t

Middle West

common

Imperial Chemical

•

Amer dep rets registered
Imperial Oil (Canada) coupon—
Registered
Imperial Tobacco of Canada
Imperial Tobacco of Great Britain
A Ireland

Indianapolis Pwr St Light 4%

4'A Mar

4%

Feb

15%

16'A

6,500

13%

Feb

16 y2

Jan

16 Vn

15.%

16 %

700

14%

Feb

16% Mar

12

12 ft

8

12'A

900

10 %

Jan

10%
93

Jan

Feb

2

$2 non-cum dividend shares

5%

Feb

7%

100

7V4 Mar

9%

Jan

1%

2,200

Jan

iy4

Jan

6%

400

5% Mar

6%

Jan

8 Va

800

7

Jan

Midvale

Co

Mid-West
Midwest

5,900

6%

Feb

7%

Jan

2%

12,900

1%

Feb

2%

Jan

9

Mar

10 y4

Jan

Mar

24 y2 Mar

12

Feb

Oil

Midwest Piping Sc Supply common
Mid-West Refineries
Miller

Wohl

Co

14

13 Vs

13%
A

{

4

*

525

4

1

"2% '

2%

6%

•

.

3 Va

7'A

1

■

7%

Mining Corp of Canada
Minnesota Power & Light 5%

50
•

"*9%

8%

97/8

Missouri Public Service common

■

•

-A-'"

1
1

7%

7%

8

1,600

2%

2%

2%

1,400

—

~

__

Petroleum

coupon

common—.




35.

Vernon-Woodborry Mills
Mfg Co

Feb

Murray Ohio

200

10%

Jan

12

Mar

Muskegon Piston Ring common
Muskogee Co common

51%

1,200

47

Jan

53

Feb

22

7%

Feb

11

7% Mar

11 Va

8% Mar

10%

Jan

Nachman

1

300

%

Feb

1

Jan

Namm'8

3,800

12%

Feb

14

Jan

National

13

13%

6V8

Jan

93 Vs

Jan

97

Feb

24

Feb

25

Jan

6%

Jan

2%

Jan
Jan

99

~23/4

*2%
170

169

33%

~2%

400

170 J/2

490

2y2

8V4 Mar
3ya Mar
95

Jan

101 y8

Jan

2%

167 V2 Mar

176

Mar

Feb
Jan

Jan

4

33 Vz

Feb

37 y4

Jan

3Vz

Jan

4%

Feb

12 V4 Mar

14 y4

34

125

4

600

13

600

750

31 Va

Jan

33 y2

Feb

30

97%

Feb

103%

Jan

17

Mar

22%

Jan

25

33%

Jan

27 y2 Mar

12%
31%

32

32%

99

100

20%

B
*
2.50

9

12

50a

Jan

Jan

10 y4

89 V4

i

"9%

Jan

100

2,600

common

•

7%

32%

9%

100

200

21%

.

10

Feb

10y8

Jan

300

11

Feb

137/8

Jan

1,700

9

Feb

12 y4

Jan

13

Jan

300

9%
12

:

Jan

8%

Feb

500

8%

1

Feb
Feb

29%

Jan

20%

Company

8%

.

Tel

Feb

9%

rl— *

&

95 y2

l'/a

1%

6,100

16%

16%

100

15% Mar

5V4

6%

8,000

3% Mar

u

-1

■•'

Tel

110%

8%

1%
._*

Power common

Jan

%

Royalty

page

Mt

States

Jan

9%

i3ya-

class A

88 y2

8.ye

B

see

Mountain States

8%

Utilities

footnotes

Monroe Loan Society com

Montgomery Ward & Go class A——•
Moody Investors partic pfd
•
Morris Plan Corp of America
lOo
Mountain Producers
10

.9%

•

.10

Air Chute

cum

IN
100

pfd
pfd series B

104 y2

'

;

i

shares

Mfg vtc

cum

21% Jan
2% Jan

Mar

8% Mar

2,500
;■

pfd—100

20

6% Mar

..■

convertible preferred

Jan

Jan

2y«

5,500
3,000
•

4%%

Feb

4%

19i/2

3%

500

I.:

16%

Jan

18'A Mar

100

18%

18%

50c

common

—

:

10

Co

—

—

50e

TO

50%

50
_»

8% Feb

6%

2

--

•

common

Abrasive

1,150

11%

1

*

94

11%

__

Mar

Jan

*6%

6%

5

*

Muter

International

For

11%

Mar

23

1

c

108% 110

109 %

Hydro-Electric—

Safety Razor B

Irving

12 V\ Mar

6

48

Corp—

Midland Oil Corp $1 conv pfd
Midland Steel Products—

Mountain

International

Fireman

Jan

16'A

*

Iron

10%

Jan
Jan

6%

~8%

1

Corp
Monogram Pictures common

•

:

International Products

Investors

7% Mar

3%

Jan

Jan
Jan

8

1%

It

Molybdenum

.*

10

International Metal Industries A_.

Registered

250

£1

pfd—100

Preferred $3.50 series
International

8%

£i

—

Insurance Co of North America
International Cigar Machinery
International

7-5/a

4y2

5%

5%

l'/a

1

——

*

Jan

Industries—

109%

Apr

400

5%
7%

5%

1
2.50

Ex-distribution

4.80%
Co

Feb

45

Feb

Middle States Petroleum class Art c_1

4.40%
Zinc

6

3% Mar

'

11

Michigan Bumper Corp
Michigan Steel Tube
Michigan Sugar Co common
6% preferred
Mlcromatlc Hone Corp

2%

Feb

108%

111

Jan

15% Jan

5

IN

Co

Feb

1% Mar

,

Monongahela Power Co—

Illinois

13%

1,700

2%

14

14

•

Mar

2%
16

Feb

35

8

1

Participating preferred

>

warrants

Feb

13%

50

•

Metal Textile Corp common

Jan

Feb

20

-

8

•

144

30 Va

107%

•

Iii

3,400

iil L. ''

10% Mar

Jan
Mar

5%

A

5,900

15%
35%

1%

14%

•

Co

Sc

Mar

1%

14%

1%

3

Dredging

2

Jan

35 '/2

1

Mfg Co
Chapman <1 Scott Corp—

8%%
Mesabl

■—

•

Warrants

Jan

Jan

93

Merritt

Feb

10

10

2% Feb

6

•

common

common

Johnson

Menasco

Jan

12%

3%

41 Va

•

•

common

6%
10

27%

II

Mead

Jan

9%

3%

100

Refining
Hurd Lock it Mfg Co
v—
Hussman Refrigerator $2.28
pfd

Huyler's

10

8%

10%

15

com-

&

Oommon stock

70 %

.*

common

(Harvey)
oil

20

70%

.

preferred—.

Humble

96

46

a

Baking Co

A Hardart

50

<8%

1

& Co new

Hubbell

■*'

f-A'•■:■: ■ '■

•

A)

200

9%
96

96

lo
-

Border's Inc

v

1,400
2,000

9

1

(R) & Co class A
Holllnger Consolidated G M

8*

7%
10%

9

100

w

oommon

Hoe

Horn

6%
;10 Va

100

w

Holly Stores Inc.,
Holophane Co oommon
Hormel

7%
10%

'4 Jan

Feb

12% Mar
14

Feb

10

common

(AG) & Co class B

McWllllama

Jan

11

8%

Jan

Feb

£1

Shovel

Mfg Co

Corn

McKee

Mar

a

,

preferred

Feb

47

17% Mar
x50% Jan

9

500

10 Vb

Feb

2

14

10%

15%

2V2

13'A

•

Jan

8y8 Mar

800

•

7%

Jan

38

Marine

$2.50 preferred

Jan

Feb

8

oommon

6%

Feb

14 y4

13

100

ii

*

Communication Co Ltd

Feb

5y2 Mar

113

10%
14

14

14

1

common

(The B) Co

106% Mar
13 «A

18%

12

I

Co

Public

Marconi

Feb

1%-

9

Mar

73

M

387/a Mar

1% Mar

7 8%

Jan

4,400

•

Maine

Mangel Stores

400

25c

common

Heller Co common

•

3,400
v»V

13%

Dept Stores
Mining Co

5 Mi %

1%

250

: 1%

8%

l

Haseltlne Corp

<

300

47%

.

1%

"•

l

17%

1%

l7/a

1

Brewing Co
Hathaway Bakeries Inc

Class

17%

17.%

5

Harvard

Helena

1,000

•

common

Hartford Electric Light
Hartford Rayon common

Hearn

6

A

i7tf
72%

*

Macklntosh-Hemphill

Mc^nrd

5%

Jan

82%

:

Corp

5% convertible preferred
McClanahan OH Co common

;

Jan

9'A

%

18%

1

Jan

7y8 Mar

.

24%

71

3

9% Mar

13%

b

Jan

80'/a

i7ff
82

Jan

8

H
Lamp Co
Hamilton Bridge Co Ltd

Jan

7%

Feb

'

.Hall

Mar

26

6'/2 Mar
25'%

6%

Louisiana Land & Exploration
Louisiana Power St Light $6 pfd

Mapes Consolidated Mfg Co__

120

Jan

900

700

Lynch

Manlsohewitz

106%

Jan

Jan

If Jan

Feb

*

A
13

Feb

9% Mar

Jan

4%

Feb

80

Feb

•

8.300

11%

•

ctfs of dep

111%

106

106

100

%

2,200

10
22 Va

1

dep

142

850

Jan

22

Lighting Co—

F?fc

200

20% Mar

200

11%

1$

Fetr,,

8

22

8

Chain

103%

36 Va-

6% Mar

—•

A

x!36%

8

Jan

9 Va

•

common

Groceterias class

75

35%

Jan

5%

21%

100

11%

7'A

400

21

100

62 y2

4,400

6^4

I

preferred B

49% Mar

8%

0

preferred A ctfs of dep

5%

Feb
Jan

7%

Jan

6%

Feb

Jan

8%

Jan

1%

Jan

Jan

5%

11%

Jan

Common

53%

13%

6%

Jan

Jan

Jan

10 Va

Jan

Jan

Apr
8%

Feb

Jan

Jan

4

6%

24%

Va

Jan

9 y4 Mar

43

Mar

7%

12% Mar

•

Brothers

Locke

900

3,000

%

Corp common

30

•'

12% Mar

9%

Material Co

111

—

200

4%
11%

10%

22

II

138% 140

108

•

12%

4

—1

Inc

Class B

Tea—

100

Utilities

200

8%

l

J

stock

common

_5

pfd—23

conv

1%

5,400

lif

Jan

6%

38% Mar

74%
-«»

%

•Ml

Feb

12 V*

8y8

21

52%

1

10

Pacific

700

39

X

50

common

St

2

2%

6%

100

1

common

(RG)

Llpton (Thos J)
Lit

Jan

•

400

12%

7

$

Development

Tourneau

Lionel

Jan

Mar

22%

10%

--

7%

12%

12%

1

Monotype Machine
University

99

McAleer

Hecla

Jan

11%

—

1

Jan

3%

10%

_•

•Gypsum Lime it Alabastlne

•

Mar

3

18 %

19

I

10%

•

Grocery Stores Products

,Hammermill

17

12% Jan
1% Jan

10
——

11%

100 y2 Mar

3,300

•

preferred

States

4% Mar

Jan

_4

Jan

19%

•

;

Graham-Paige Motors 5%
Grand Rapids Varnish
Gray Mfg Co

Gulf

Jan

26%

1A

1

35%

18%

1

Mfg Co

Northern

3 Va

525

16%

I
1

Mar

31

18%

9

;

Gorham Inc class A

•Great

2,300

7'%

Lake snore Mines Ltd

1

$4.50 prior preferred
Goldfield Consolidated Mines

1st

Mar

"4%

'

1

L'Aiglon

_•

Gobel (Adolf) Inc common—
Godchaux Sugars class A
Class
B

7 %

12'A Mar
105

29 Vi

-

—1

Co

Feb

Long

Non-voting

Feb
Mar

J*

Loblaw

2.50

Inc

Atlantic

Mar

9%

Jan

126

_4 Va

2%
•

1

6% Mar

9'A

.

Great

13

.

Feb

28%

"4%

•

8%

106 ' '

•

Mfg

x7

13
Jan
9% Mar

5%

123% Mar

103

10

Stores

Brewing

Krueger

Laclede-Christy

25

.

Glenmore Distilleries class B

Gorbam

Feb

8%

1

Rubber Co

8V4 Jan

113%

_•

common

Gleaner Harvester Corp
-Glen Alden Coal

VGoodman

11%

12%

1

7% Mai-

95

1

Co

•Gladding McBean St Co

-Globe-Union

200

87B

—1

Knott Corp common

Line

Giant Yellowknife Gold Mines—
Gilbert

13 'A Mar

10V'2

50
1

'

'

Feb

11%

•

preferred

Co common

(IB)

12'/a

10

12

Feb

■91

28

dep rets ord reg
General Finance Corp common
t% preferred series A

■

Jan

100

Jan

23%

:

Amer

Outdoor

9%

42,000

12%

General Electric Co Ltd—

General

Jan

Jan

Co

preferred.,

conv

13

5%

common

General Builders
5 %

Feb

"7%

100

Alloys

2,800

1

preferred

General

Jan

20 Va

6%

101

Seeley Corp
Products
Petroleum

Klein
10

14y4 Mar

13

12%

*

..

1
*
1

Key Co common
Kldde

6 v
•

•

Klrkland Lake G M Co Ltd

12"%

2

Gatlneau Power Co common
6%

Feb

4% Jan

124% 124%
13 y4
13'A

6%

10$

Kingston

Gellman Mfg Co

Jan

5%

19

1

Co

Kawneer

Klrby

Garrett

6%

Jan

K
Btolser-Frazer Corp
Kansas Gas St Electrio 1%

■

%

——

50

preferred

Feb

17%

9%

%

bearer
Co

Brewing

conv

Jan

Feb

4%

•

Co

3%

47/s

Mar

5%

Jan- 7

4%

V 20

.1.23
Brewing
1
Franklin Simon St Co Ino common-

4%#

2% Mar

~~

Jan

33

Feb

14%

^

•

•

..

(Peter;

fox

300

18%

-18%

•

dep rets

Amer

Fort

3

1

Jefferson Lake Sulphur Co

O'

Motor

oiaae

'

3%

jeannette Glass Co common—,

Jan

dep rets ord reg.—.—.— —£1
of Canada—

Amer

Ford

■i

12%

Motor Co Ltd—

Ford

•

5% Mai-

10%

1

-

'

Feb

Co—

(M H)

Flsnman

v

3%

-10o

-First

$2

Feb

56,^00
11,000

63

_•

MetallurgicalAssociation (Phila)

Fire

12%

5%

16

16

St Airplane

Engine

Fansteei

■

1,300

4%

11%

1

16%

5%

St Instrument

Falrchlld Camera
Falrchiid

iii

2,300

iy8

%

Feb

Jan'

N

Jan
common

Bellas

Hess

common

Jan

National

Jan

6% Mar

preferred
National Fuel Gas

lVa

National Mallinson Fabrics

1%
17

Jan

12%

12%

200

12

Mar

1

3%

4%

500

3

Mar

5%

Jan

1

2%

3 Va

10,600

2% Mar

3y4

Jan

33%

330

29 >A Mar

10

Corp

Inc

Breweries

common

7%

•

12 Va

32%

34

25
8%
1

x9 %

6,200

9%

9%

300

Jan

33y2 Mar
34

Jan

Jan

9%

Feb

9V'8 Mar

11%

Jan

8%

33

34

THE

(1474)

COMMERCIAL

NEW

YORK
RANGE

Week's

STOCKS—

Sale Price

National

Mfg 6c Stores
pressure

Radiator

National

Co

National Kuooer

Transit

National

National Union
Neison

Le

Mur

Co class

ingland Tel & Tel

Nen

Haven

4

h %

Clock

New

Park

N

Y

N

Y

6c

Y
Y

Shipbuilding

N

Co

rounders

600

Co_

Jan

Ryan

Consolidated

9774

9874

Ryerson 6c

1%

8V

Jan

1%

Feb

75

95%

Jan

8

Feb

30

Jan

13 ¥2

Jan

19

7%

50

Jan

¥2

Utility

Mar

99

95% Mar

6,800

Va

Feb

300

9Vi

Jan

5

97b

974

100

Mar

¥4
10

7% Jan
8% Mar

Ave

new

1

Jan

Apr

9 ¥2 Mar

Jan

11

Lawrence
1st

Corp Ltd
preferred

conv

Samson

Savoy

United

Oil

Corp

Inc

Oklahoma

Natural

;Oid /Poindexter
;

Oliver

United

Omar

1,600

6

Feb

8 ¥2

Jan

1,500

16

Feb

197a

Jan

10,300

674 Mar

1.1%

1

2 ¥2

6,600

1%

Feb

274 Mar

200

1%

Jan

27a

3¥s

Jan

IV2

25c

1
1

3 ¥4

700

P/a

3,500

Feb

174

Jan

24%

600

24 ¥4 Mar

28 ¥2

Jan

r^i

137,400

ilu Mar

da

Mar

Apr

19 ¥2

Segal Lock & Hardware
Selby Shoe Co

1
•

1% Mar
15 Va

Jan

Steel

Co

•

common

Gas

*—I

Convertible

stock

5

Feb

$5.50

prior

stock

25

¥»

874

4,300

IVa

Feb

11%

Jan

1474

1,100

14% Mar

15 ¥2

;

2¥a

Jan

2% Mar
89

2%

8%

41

9V4

2

1,500
150

39
...

160.

2,800 i

2 ¥2

Feb

35 Va

Feb

37

Industries

Selected

Inc common

(R

1
1

Corp

9¥a

13 ¥4 Mar

14

Mar

12 74

250

12 Va Mar

14

Jan

17 V4

600

17% Mar

22 Va

IV*

7Va

600

7%

7

Jan

%

common

common——

Pacific

Lighting

Pacific

Power

$5 preferred
Light 5% pfd

6c

Paramount
Parker

Motors

Pen

33 V2

Feb

36

Jan

400

30%

Feb

32%

Jan

xl0074 XIOIV2

125

xlOO V2 Mar

104%

Jan

98

Mar

Jan

la

Feb

17 ¥2 Mar

•

23%

Jan

25 ¥2

"274

Corp.

"274

~274

26,100

~274

Feb

774

774

774

18,100

7 ¥4

Feb

14 ¥2

14 ¥2

100

13

55

60

20

55

4

4,100

16

1
5

Jan

Patican

Plymouth

Co

Peninsular

1

Mills

*

Ltd

2

Telephone

cumulative preferred
$1.32 cum
preferred

Corp

374

•

common

$1

Pennroad

60

45 ¥4

25

'2874

-1

.

common—__—

8
2 ¥2

Penn Gas & Elec class A
common
Power 6c Light 4Va%

Penn

Traffic

Co

100

<&

common

17

Jan

24 ¥2

Jan

'15%

Jan

Prentice-Hall
Pressed

Inc

Metals

Service

\Va%

prior

.

2

3

4,540

1

Feb

3

174

23/b

1,300

1%

Jan

2% Mar

103 74

10474

150

,100%

Jan

4%

Jan

100% Jan
5 ¥4 Mar

5 ¥4

3274
4

400

3374

850

32% Mar

4 ¥4

300

5674

400

50%

10

10

1374

of

1374

3

41 ¥4

Jan

Jan

500

9 ¥2

1%

800

1374

1,300

Feb

Mar

Jan

4% Mar
58

Feb

10

Mar

1% Mar

3 ¥2

22

;

22

2%

27 b

2174

2174

1274

13 7

5774

60

Pattern

Jan1

common

Sonotone
SOss

Coast

Corp common

South

Penn

Oil

Southwest

4.32%

Southern Pipe Line
Southland Royalty Co

Spencer Shoe Corp

Stahl-Meyer Inc
Standard

Standard

$1.60 convertible

Jan
Jan

1174

11 Va

2,400

xlO%

Feb

11% Jan

36 ¥2

Feb

39

Mar

890

62

Feb

69 Va

Feb

2,600

20

Jan

25%

Jan

3% Mar
11%
5 Vis

2,300

2.50

7%

1,300

$7

36 Va

5%

Jan
Jan

Jan

Stetson

95 Va

Jan

Stinnes

38

Jan

Jan

9934 100

•

95

•

10

6%

common;

•

$3

1

•

convertible preferred
Raytheon Manufacturing common—

Reading Tube Corp class A
Regal Shoe Co
Rels

(Robert)

6c

Jan

21 ¥2

Jan

Jan

6% Mar

Jan

92 ¥2

Jan

Mar

148 ¥2

Jan

Feb

1474 Mar

33.




A Mar

■

U

Jan

5
•

15%

Jan

100

17

Jan

1J

Jan

1

Mar

175

24%

Jan

26

Jan

40

700

33

Feb

40 ¥2 Mar
55 Va Mar

30

52 ¥2 Mar

6%

11,800

5% Mar

7%

32%
2

,

'

300

33

¥4

31 ¥2

Feb

6 ¥2

2 ¥8 Mar

274

Jan

100

3%

3 ¥2

Feb

4

¥2

Jan

%

Jan

100

—

74 Mar

1,600

6 ¥4 Mar

8 ¥2

150

18 ¥4 Mar

21 ¥2

2 Vb

2,400

4¥a

350

Jan

16% Mar

600

9

Jan
Feb

474 Mai¬
Mar

ls

Mar

1074

2,300

28 ¥2

Feb

30 ¥•

II,800

29%
2

Jan
Jan

39

300

2%

3%

2 ¥2

1 ¥4

Feb

2

Jan
Jan
Mar

274

140

6774

134

*
•

com—1
1

¥■

1

2,600
200

1 VB

Jan

Feb

5 ¥2

Jan

74 Mar

3,300

1% Mar

374 Mar
10

Feb

% Mar
10 ¥2

Feb

Mar

135

3 ¥4

Jan
Mar

12

1,800
3.%
10 ¥4

3%
11

8
1

Corp

400
500

6%

1
•

Co common

:

22

•

10 Va

*
*

Corp

Drug common

Jan

72% Mar
-

24 ¥2

Jan

15

Jan

674

Jan

174

Jan

474

Jan

12 ¥2

Jan

174 Mar
12% Mar

Superior Portland Cement, Inc
Superior Tool & Die Co
Swan Finch Oil Corp

1
18

Jan

13 7s

4.1O

33 Va

5 ¥2

300

5

14 ¥2

3UU

xl4 V2

Feb

2%

900

2%

Feb

3

9%

200

974

Feb

11

38

25c
•
—,

■ ;

Corp

Taggart

Jan

Mar

41

Jan

Feb

574

Jan

15 ¥4 Mar
...

Jan
Mar

1

Inc

common

117s

Jan

29

10%

Jan

1274

16

100

12074 Mai-

Jan
Mar
j

"an

16

5
1
1

11

11 ¥2

200

10% Mar

13%

Jan

10%

10%

700

10 Vb Mar

1074

Jan

1274

13 ¥4

900

11%

Feb

13 ¥4

•

59

59

10

52

Jan

60

47 Va

48 74

150

45

common

& Construction
Allied Stocks

..

15

Mar

128

Feb

17 ¥2

Jan

Jan

Mar

Ltd—

dep rets ord regis
dep rets del regis

Corp common
Toklan Royalty Corp
Toledo Edison 4Vi% pfd
Lux

Trunz

Feb

26

2,000

5

Tobacco Security Trust Co

Trans

11

1,300

12%

100

Corporation

&

500

29

11 ¥4

pfd

Light 7%

Roofing Inc
Realty

Tobacco

11 VB

27%

Co new common

Power &

Tishman

11

•
•

common

Tampa Electric Co common

Inc

Corp
Tri-Continentai warrants

5%

£1
5s
20
——70o
100
1
1

%
2 ¥4

6 ¥4

Feb

n

Jan

60

Jan

2Va

2%

2,900

174

Feb

97 ¥4

97 ¥2

75

91 ¥2

Jan

74

74

2,900

U

Feb

13

Jan

3%

3-¥a

374

3 ¥2 Mar

4¥b

Jan

274

2%

2%

1,700
12,600

1
•

2Vb

Feb

2% Mar
98

Jan

274 Mar

Jan

24 ¥2

Jan

5%

•

Tung-Sol Lamp Works com
80c convertible preferred

Jan
Feb

Mar

%

Feb

774

Jan

9%

Jan

11 ¥2

Jan

24

Jan

3 ¥4

800

1912

Jan

26¥4 Mar

Feb

"974

"974

100

1 Va

200

1

Jan

iy4

Feb

274

600

1%

Feb

374

Jan

7 ¥4

Jan

874

Jan

Jan

5 ¥2

1,600

1

page

28.800

4 ¥2

6

29 ¥4

Jan

6

Jan

12 ¥4

55 Va

1

Co

see

*

2674 Mar

24%

98 ¥2 Mar

Feb
Mar

Sun Ray

Tilo

6.23

Reliance Electric 6c
Engineering
Rice Stix Dry Goods
For footnotes

•

Jan

2,200

Jan

85 ¥4

1

39

Feb
Feb

29 ¥2

Jan

Jan

24%

10

29%

2%

100 ¥2

5 ¥2

450

200

41 ¥4

1

Jan

674

16%

1,700

25 ¥4

Jan
Mar

28

Jan

Jan

13%

16%

27 ¥2

25 ¥4

37

27 ¥2 Mar

20

Feb

Tonopah Mining of Nevada
10

2,300

27s Mar

10 ¥4

9

%

200

29 V«

Jan

Feb

144

•*;

27%

27 Vb

x27Vi

39

28%

2

Sunbeam

Amer

warrant#-

39
27 ¥2

300

Jan

Amer

Aadlo-Kelth-Orpheum option

Jan

2%

Todd Shipyard

Railway 6c Light Securities—
Voting common
Railway 6c Utility Investment A
Rath Packing Co common
Raymond Concrete Pile common

Jan

18

1

Jan

94 V8

•

36 ¥2
/,

374

Jan

17 ¥4

100

Quebec Power Co

14 ¥4 Mar

Jan

1%
8 ¥4

9 Va

88 7'

28 74 Mar

130

15

274

8%

Thor
Oats

3,400

29%

14%

700

11 ¥2

Texas

preferred-

29

Jan

Jan

3%

Feb

Thew Shovel

6%

29 Va

Feb

8

3 ¥2

1

Jan

Technicolor

Quaker

Jan

274 Mar

Corp

Feb

17%

__k

7%

700

7%

Stop & Shop Inc
Stroock (S) & Co common

97»/2

—

9

3%

Jan

9%

100

Jan

Jan

Feb

95%

Colorado—

Apr

1 Va

3

I,300

26 ¥2 Mar

1274

Jan

1%
7%

•

3 Va

Jan
Jan

% Feb

7-

7 ¥2

IV2

•

874

1V4

Corp

(Hugo)

2574

3,100

11274

& Co common

(J B)

Feb
Jan

200

Aluminum Products
Inc
SSterling Engine Co
Sterling Inc

8%

93

800

Sterling Brewers

13%

Mar

230

Sterling

Jan

Jan

374

7 ¥4

•

10 Va

J
1

com

Feb

93 ¥4 Mar

•

preferred

Jan

(The)

Jan

1

Steel Co of Canada

(A)

7%

23674

100

1

•

Standard Tube class B
Starrett

Jan

Co

B

class

Products

Standard-Thomson

34

100
2.50

Puget Sound Pulp & Timber
Pyle-National Co common
Pyrene Manufacturing—

7 ¥2

4%
12 ¥2

1

preferred

Standard

11% Mar

•

preferred

Jan

4% Mar

(Ky)

Standard Power & Light com
Common

3Va
2 ¥4

10

common

Dredging

4¥3

Mar

4,800

12%

Standard Cap & Seal common
Convertible preferred

Forgings

Feb

•
2.78
—1
10
Corp common
1
preferred
-—20
Corp
:
1
10

Co

Brewing

13 V4 Mar

2 ¥2 Mar

2 ¥2

__

25
25
25
25
25
1
5
•

—!

preferred

cum

Jan

20

6¥a Feb

89

10

4.56% conv preference
4.48% conv preference

Oil

Jan

25o

107 Va Mar

Edison—

preferred

cum

Mar

60

Jan
Mar

223

,

12.50

common

Pipe Line

Standard

1%

64

53'

Jan

3

2174 Mar
14 ¥2 Jan

105 % Mar

50

1

original preferred

5%

4.88%

Stein

common

Pa

California

Southern

Standard

"2%

23%

Jan
Jan

12 ¥2 Mar

900

1

Manufacturing common

South

Jan

200

62

274

19%

900

7 ¥4

7

2 Va

•

Corp

Jan

1,000

21 Va

500

226 ¥2 228 ¥2

1

Apr

274

7%

1
1

Manufacturing Co

8%

2¥a

23

Jan
Feb

'

SSolar

13%

1%

62%

1174

2,300

2

107 ¥2 107 ¥2

£1

Solar Aiicraft Co

24 ¥2

274

_1
•
100

100 '

preferred
Sinitn (Howard) Paper Mills

Feb

2%

5

13 ¥4

9% Mar

•

3.90%

Feb

2%

11

'

Feb

10% Mar

Publications—

Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
Sioux City Gas & Elec Co—

Jan

21 ¥2

"

3

Jan

Jan

•

Singer Manufacturing

11

100

100

•

7

Puget Sound Power & Light—
$5

8 ¥4 Mar

7

5574

::

50

;

of

29 ¥2 Mar

Jan

28

50

America

cumulative

Jan

150

8,400

2

Corp of Nevada
Prosperity Co class B
Public

Feb

Jan

1

Producers

Providence Gas

Mar

25

8

1

common

of

47

Jan

V2

Jan

1

1st preferred
& Lambert Co

Pratt

Feb

Jan

3

80

shares

common

Corp of Canada

4

44 ¥4

29

•

Pleasant Valley Wine Co

6%

b

17b

•

Piper Aircraft Corp common
Pltney-Bowes Inc
Pittsburgh Bess & Lake Erie RR
Pittsburgh 6c Lake Erie
Pittsburgh Metallurgical common

Power

Mar

10

•

Governor common
Pinchin Johnson Ltd Amer
Pioneer Gold Mines Ltd

Scale

4

50o

Pierce

Polaris Mining Co__
Powdrell & Alexander

77

,

5674

28
2.50

Rubber

2874
.

5

33 ¥a

1

(Mass)——

Philadelphia Co common
Phillips Packing Co

Pneumatic

104

*

Perfect Circle Corp
Tire

V"

2.50

—

Penn Water 6c Power Co

Pharis

1

•

pfd

Penn

100

Jan

r

V 23

Penn-Dixie Cement warrants

Pep Boys (The)
Peppevcll Mfg Co

4574

23

11 ¥2

Feb

•

6c Reel

Jan

4
:

; Feb

20

■

Patchogue

Feb

*

Co

Parkersburg Rig

Jan

94

—

100

10 V4

5

474

v'

Feb

•

Pacific Public Service com
$1.30 1st preferred

Page-Hersey Tubes common
Pancoastal Oil (CA) v t c
Pantapec Oil (CA) Amer sh

1074

Jan

74

"5 ¥2

1,700

25

Jan

Silex Co common

34 Va

98

Mar

Jan

3174

98

Jan

3

300

Jan

Va

98

3

700

74

1074

•

1,000

374

11%

33%

•

100

__

374

7s

•

Simplicity

31

Feb

Shoe Corp of America class A
Slck's Breweries Ltd

Jan

33%

7874

Jail

7%

25

Feb

Feb

18

Sherwin-Williams

Simpson's Ltd class B

23

78 ¥2

•

300

8%

3 ¥4

1974

Jan

10V4

-

100 "

:

Feb
Feb

Canada-

81/2

8%

--

2%
16.

374

21%

23

common

preferred

*%

:

•

$3 convertible preferred

5

Feb
Jan

374

1

Shawinigan Water & Power

Simmons-Boardman

Pacific Can Co common
Pacific Gas & Elec 6% 1st
pfd
5V2 %
1st preferred

Jan

73 ¥4

50

-*
1

SliattucK Denn Mining

Sherwin-Williams

Feb

200:

17 Va

1

Leather

Feb

44

Jan

14

3%

1
—1
•

Inc

B)

Radio

Sheller Mfg Co

12'A
17 Va

1%
16 ¥4

78 ¥4

77

certificates

.Allotment

Jan

112

Jan

8%

.2,000

Jan

40% Mar

Jan

.-106-%

1374

O'okiep Copper Co Ltd Amer shares

4,000

Jan

Mar

1

Jan

40 Vt

8%

-

•

Apr

17 ¥2

27,700

18%

18%

102%

Jan

2

Jan

15 ¥4 Mar

50

3

Feb

Jan

Jan

374

IV2 Mar

4,700

3 ¥4

1

Feb

101%

1%
15 ¥4

50

38 V4

1

Securities

1V»

4,800

108 74 109 ya

40 Vb

■

15

16%

274

2¥b

2 3/b
—

108¥2

1-

a

300

14 V4

15
•

1,400

2

*

x88%

•

Distillery—.—i

15

¥2 102 ¥2

274

100

Jan
Jan

25

Manufacturing
Rights

1,300

Filters class B

Inc

Overseas

5 ¥4 Mar

13

50o

Jan

5%

11%

8

common

Jan

Feb

1

102

preferred;—.

6%

Jan

Securities Corp General
Seeman Bros Inc

1

class B

Feb
Feb

10

Feb

3%

Jan

50

common

Mar

5%

7%

Sayre & Fisher Brick Co
(D A) Inc common

Seton

4Va%

7

6%
17.¥2

common

(Del)

Safety Control
Serrick Corp class B

Co

800

1,000

Feb

Jan

4 ¥2

1

Bcovill

Sentinel

Corp

5%

1

Bchulte

Semler

Brass

774

.—49

common—

Salt Dome Oil Co

Sentry

Power

6%

Feb

5% Mar

2,000

Jan

•

7

¥4 Mar

1,100

7

6%

Feb

5

37

x6%

900

5 ¥2

6¥»

--

7 ¥2

10

Jan

1,400

Jan

pfd_100

Northrop Aircraft Inc
Novadel-Agene Corp

7
5 ¥2

Feb
Jan

5

37

1

Co

8 ¥2
4

30 ¥4

5 ¥4

37 ¥2

Feb

Feb

200

2,800
2,700

4%

28

Feb

9 ¥2
5 ¥4

32%

4%

28% Mar

1%

Jan

5

300

11%

Feb

27

5

300

8

93

Mar

♦

29

•

Securities

Jan

22

1

Haynes common

29 ¥2

Mar

89

4 ¥2

7 Va

1

2874

Vi VI

Jan

30

100

¥4

31 ¥2

—

1.25

common

9 ¥2

—

*

29

;

92.-'
22

—

32%

1

com

•

:

91
22

—

10

Scullin

A

Jan

Jan

10% Mar

Jan

2,700

Oil

Texas

Ohio

4—

*

class

Northern Indiana Pub Serv 5%

Ogden

2 Vb

Feb

94% Mar

V4

8

.Ohio

Jan

Mar

92%

974

10

1%

Jan

26%

300

957b

1,700

Petroleum

Jan

67

Feb

6

72,100

VB

Corp common

Rayon

RR

Aeronautical

97b

Airlines

Penn

Ryan

9 Vb

Mines

Northeast

Russeks Fifth

Jan

*

Class B common

American

Jan

Mar

3

Niles-Bement-Pond

American

7 ¥2

3

58 Va Mar

8V2

100

preferred
Class B optional warrants
Niagara Share Corp class B com

2 Va

a

Royalite Oil Co Ltd

16 ¥2

2d

2

5

Jan

Feb

St

common

—

£1

Jan

73

1074

2%

common
Inc

2%

Mar

11

10

Feb

Corp

Field

87 ¥4

1

200

2

Ltd—

dep rets for ord reg

Cable

Roosevelt

1,800

•

Rotary Electric Steel Co
Rowe (The) Corp common

800

30

Royce

Amer

80Va Mar

1

Nineteen Hundred

Rolls

High

2%

common

6V2

4,000

2974

Roeser & Pendleton Inc

Rome

Low

2

100

pfd F

Jan

6

—

--

16 ¥2 Mar

Corp—

1st preferred

North

Feb

•

shares

Central

14%

600

10

5 %

North

Jan

Range Since January 1

—

Co—

Rochester Gas 6c Elec 4%

Jan

8%

10

5%

North

4%

Feb

390

1
100

North

3% Mar

Feb

6%

300

1

Rosario

Niagara Hudson Power

Nipissing

3Va Mar
3 Va

100

•

common

Honduras

18 ¥4 Mar

Shares

High

1

Grande

Valley Gas
(Texas Corp) v t c

Jan

4UO

1

Merchandise

Auction

8% Mar

1,600

common

N

Jan

6,800

Mining Co

New Process Co

9

7 ¥2

.-20
23

convertible preferred

New Jersey Zinc
New Mexico 6c Arizona Land

Rio

6V2 Mar

1

Co

Jan

9,400

100

Watch

6c

10%

Feb

of Prices
Low

1

Sales

for Week

Range

Par

Richmond Radiator

17% Mar

—*

A

New

9Va

Sale Price

Feb

100

0
6

Week's

Last

New York Curb Exchange

11 Va

200

30o

Corp

Neptune Meter common
Nest's

2,100

1

common

1

High

x974 Mar

*

Radio

(Hermanj

400

10
.

APRIL

Friday

Low

2

Machinery

EXCHANGE

ENDED

Range Since January 1

High

-+

Car Ltd—

National Steel

Monday, April 4, 1949

STOCKS—

Shares

1

common
Cooker common

National

of Prices

Loio

Par

CURB
WEEK

CHRONICLE

for Week

Last

New York Curb Exchange

FINANCIAL

Sales

Range

Friday

FOR

&

Feb
Feb

% Mar

375

17%

200

23

—

U

4 Va Mar

1%

Jan

Ulen

Jan

21%

Jan

Unexcelled

Mar

25%

Jan

Union

Realization Corp
Chemical Corp
Gas

of

Canada

10c

1 VB

5

2 ¥2

1 Va
2

—*
,

—

¥2

—
■

THE

Number 4791

169

Volume

COMMERCIAL

RANGE

FOR

Last

STOCKS—

Low

High

•

96

pfd series A
Union Stock Yards of Omaha

55

.100

Products com

50c.

United Aircraft

Chemicals

United

Corp

United

Elastic

United

Milk

3%

%

Products

54%

%
19

19%

2,000

27%

27%

28'A

29,600

9%

9%

19%

19%

•

A6%s
A 7s

Jan

%

Feb

29'A

Jan

21

Jan

18%

Mar

Feb

281%

9% Mai-

10%

19% Mar

21

Mar

21

Isarco

Amer

NJ

United

RR

Profit

Sharing

25c

com

1

__10
preferred
United Shoe Machinery common- -25

48 Vh

47%

48%

25

39%

39 Va

10%

Preferred
United

Specialities

U S Air

A 7s

S

1st

U

S

__

__

International

and

$5

U

preferred with

Radiator

•

warrants.

common..

_

Universal

Insurance

Utah

Sugar

Power

&

.

14%

Jan

2%

Jan

40%

Jan

Piedmont

Feb

2

2%

700

38%

26

100

22%

»

common

2%
22%

Feb 1

23%

100

26

2%

Jan

Feb

1,900

2

500

21

Jan

4%

to__

Hydro-Electric

72%

27%

30%

44%
45%

42

$15
+26

28

27

21

$102% 103
19

108% 108*%

108%

108 Va

101%

tl01% 102

A 6

ex

%s

Oct

Service

Elec

102

«.«;

"4

104

107

107

94%

108

103

—

104%

106%

3
■

104%
94%

93

1

$105%

105%

106%

105%

$105% 106%

J-J

105

100%

107

$103% 104'/a
94%

105%

104%

'

f.100% 101%

J-D
A-O
A-O
J-J
J-D

65

59

104 % 104 Va

f 105'A

M-N

106

$15

39%

26

44

$40%

1960

coupon

—

——

—

Co—

Gas

&

60%

58 Va

Co—

1998

debs...

6%

50-year

1947

1

+

1940 coupon__1960

with Oct 1

Public

22% Mar

62

—

—

Jan

2%

at

A6%s

Jan

26

Feb

30

$40%

_

Jan

2%

71%

71

A-O
M-S

x25%

6 Vb

Feb

44

71

46

;

Valley RR—

Feb

Feb

32

J-J
F-A

Corp deb 4%s

Extended

3% Jan
79% Mar

Feb
Jan

4%

__

2%

&

Feb

2,200

38%

5

Light

Jan

2%

20

1952

coupon

24 %

4%

2

2%

..10

_

1%

75

46

44

J-J

35%

175

37

44

1963
Milwaukee Gas Light 4%s
1967
New England Power 3%s_i
1961
N Y & Westchester Ltg 4s„2004
Ohio Power 1st mtge 3'/is
1968
1st mtge 3s
—1971
Park Lexington 1st mtge 3s
..1964
Pennsylvania Water & Power 3V4S-1964
3 %s
1970

3,700

4%

-10

common

Mai-

12% Mar

2,900

3%

10

Universal Products Co

Utah-Idaho

Oil

13%

78 %

36

1969
1956

Superpower

Midland

Feb

■

50c

..

Consolidated

Universal

McCord

Jan

8%

1%

4%
.'

1

United Stores Corp com

Jan

40%

1

3

78

1

__

_

Rubber Reclaiming Co.

U S

52Vb

Jan

1,300

12%

3 Vs

•

ex

7% Mar

1%

46

J-J

Power

Jan

44%

45

J-D

Kansas

37%

31%

1966

Jan

47%

20

1963

71/4

140

44%

1952

Feb

500

44

6s__
3%s

Electric Power

2,250

32%

coupon

Altalian
Kansas

8VB

31 %

12

Light 3%s

1

Feb
Jan

39%

78

13%

.1

.

__

Securities-

1947

Nov

Feb

1

1%

IOC

Conditioning Corp

U S Foil Co class B

1940

1

4%
246%

8

1

common

32%

22

45%

Hydro-Electric Co—

Jan

100

1

1

2

4.4%

J-J

ctfs

escrow

6%

100

Canal

&

46

Co—

Power

Vi

4% Jan
242% Mar

dep rots ord regis

United

58

105%

45

1952

coupon)

A7s with Nov

United Molasses Co Ltd—

High

55

104%

___

—1952

1941

A Debenture

5

_

44

1957

.

(July

Interstate

Jan

10

A7s

Mar

150

A7s series F

Jan. 1

Low

45

f-A

1941 coupon)

(Aug

55

55

$105%

J-D

—1957

1941

1

55

M-N

:—1955
coup)—.1955

C

(Dec

series E

A7s

J-J

3%s__—1970

Lt

Range Since

Sold
No.

High

Sec—

Power

series

A6%s

Jan

39

Jan

26

400

Jan

3%

.

Mar

%

11,400

27

*

Preferred

%

26%

19

...7

common

Feb
Mar

International

Jan

57

Feb

2%

5,400

27

10

...

Railways

&

3

33

•

Corp__

United Gas Corp common

Light

20

55

3%

97%

1958

Guantanamo & Western 6s

Bonds

Friday's

or

Bid & Asked
Low

Jan

6*A

Jan

92%

•

common-

warrants

United

175

97

Week*® Rang*

Last

Sale Price

High

Jan

6%

Period

Exchange

Indianapolis Power &

$3.75

United

Friday
Interest

BONDS

of California—

Union Oil Co

I

New York Curb

Range Since January 1

Shares

4

Co

Union Investment

Low

APRIL

for Week

of Prices

Par

EXCHANGE

ENDED

Sales

Range

Sale Price

Exchange

New York Curb

35

''

"

'

Week's

WEEK

(1475.)

CHRONICLE

FINANCIAL

CURB

YORK

NEW
Friday

&

155

J-J

155

155

148%

155

101%

104

100%

101

113

114

101'

2

102%

Queens Borough Gas & Electric—
5%s

series

A

Safe Harbor Water Power Corp

Valspar

Corp

5%

1

preferred

6

5%

6

1,000

5

common

convertible

84

71

65V2

71

80

Vanadium-Alloys Steel Co

*

34

Venezuelan

1

4

Petroleum

Venezuela
Syndicatef»Kne____^-.—20c
Vogt; Manuafcturing—

64

34 %

33% Mar

250

4%

3,900

-

2%

2%

4

5%

2%
11'/a

Feb

12

12%

Counties

1st

7%
$2

Ward

Inc

Watch

_

.

Aircraft

Wentworth
West

1st pfd. Hoo

Maryland Ry 7%

Western

Tablet

&

Stationery

Coal
Inc

Mfg

Whitman
Wichita

iWm)

& Co
Oil

River

Wickes

(The)

Williams
Willson
Wilson

Brothers

5 Vo

Wisconsin

Pwr

Woolworth

American

100

....

Aug

ex

26

Feb

36

Jan

A7s with Dec

21

200

20 Vb Mar

21

Jan

A7s ex

15% Mat

1.100

Feb

8Vb

300

400

.-+■*

:

Feb

Feb;

16%

9 '

—

.•

2%

104%

"4%

300

104% 104%

10 'A

10

lO'A

11%

11

12%

1,300

: -5s

deposit receipts

8

r

...

£1

preference

2X

2

BONDS

Interest

Last

or

Electric

2030
1960

5s

West

Associated

Penn

Newspaper Union—
6s conv s f debentures

Jan

1959

10%

Jan

14

Jan

deb

Tel & Tel

Assoc

5!2S A

~2&

Jan

Bell

series

5s

96 %

102

/|f-N

101% 102 %

16 1

100%

102%

Danish

j.j

106% 106%

106

106%

redeemed)_.

(20%

108% 108%

1

108%

108%

q-f

162%

162% 162 %

1

160 Vb

162%

J-D

101%

101% 101 %

100%

102

Debenture

5s

debenture

3s_„

1955

M-N

-

.1953

f-a

—

J-J

—

M-S

—

—1951

M-N
J-D

—

228
-:-38

29
40

Mortgage Bank of Bogota—
A7s (issue of May 1927)—-—1947

M-N

—

$41 A

A-O
J-D
J-D

93

96%

AMedellin

M-<S

106%

19

105

106%

37

103

104%

21

106

107 %

178

87

91%

91%

1st rtf mtg*

Gen

.

G-as

mtge

J-D
j-j

100%

100% 100%

1

104V4
99%

,4*0

101%

101% 101 %

17

99%

101%

105% 105%

2

102%

106%

111%

112 %

+105

1962

Al-N

1954

2%s conv debs
Consolidated

A-O

101%

i

A 1st

of

N

J

uii',i

(Republic of)—
«ser A B C D E)
Rio de Janeiro stamped (Plan A)
Interest reduced to 2 %
A Russian
Government 6%s
Is to 2%s

,—.

4s ser B

,—

CI

M-N
May

1983
1993
1965

1950

61

Efrcole Marelli

99%

2
1

53

1953

,.1961

.

36

1950

J-J

1963

J-D

52%

60

103

61

101%

104%

102%

102%

$101% 102
+

103%

Stock and Bond Averages
Below are the daily

listed

on

■■

March

Rail¬

trials
26

29—

30—

March

—

„

__

47.81

Total

15
Util¬

65

10
Indus¬

Grade

Grade

ities

Stocks

35.30

63.25
63.31

35.40

Rails

trials
101.75

>

101.71

101.94

2008

70

72

—

cv

*

,,,,

id A

—

,a

—

24 2
3<.b

%

IV

—

101.96

ities

Bonds
98.52

103.79

98.46

103.77

.

+70

<5

29

--

491/.

--

61,4

—

33

+3*

--

26

—3,

—

„

Q-

, = 1-

2012
-1919
1921

—

,73-

J-D

-

M-S
J-J

17 ,4

?41/

2q

27

5

24%

29

2

u

17 /s 17 '*
27
2

2/4

*2

a

15/2

-

97

J

"

Za

included in year's range), d Ex-interest,
f Ex-cUstrlbution. gExstock dr.

principal,
n Under-the-rule transaction (not included m year s
(not included in year's range),
x Ex-dividend,
y Ex-nghts
2Friday's bid and asked prices; no sales being transacted auring
A Bonds being traded flat.
^Reported in receivership.
'

z,Evx;^qu!fr^Lg^Pp^
cunenfc week.

'

above-"cod," certificates of deposit; "cons,'' consolidated;
"M," mortgage; n-v, non-voting stock,
vtc, voting trust
"wi," when issued; "w w," with warrants; "x w," without warrants.

98.58

86.75

103.74

98.53

86.81

103.78

98.54

64.24

101.70

101.99

86.65

64.42

101.64-

102.16

86.83

49.02

35.52

63.94

101.65

101.98

63.58

101.65

101.93

"

,

Abbreviations used

tive; "conv." convertible;

Quotation Bureau, Inc.
Range for 1940

Closing
31-57

High

33.26 Jan 24

March 28

31.60

low

31.05 Feb 26

March 29

31.74

March 26

,

-----

o,

„n

March

April

J-

31-—

1—

Range for 1948

01

31.81

March 30

—

certificates,

Stock Average

(35 Stocks)

98.53

103.70

35.61
35.60

r

40

103.88

86-36

49.00

...,49.60

35.38

n

,1
lb

41% -42 A

1

227 -1—

—

J-J

Total

Util¬

Rails

178.39




80

—

J-J

1997

Date—

10

86.49

178.45
176.28-

78%

41% 41%

—

Compiled by National

10

Second

177.10

31

1—

roads
47.88

175.99

28.

March
March

April

20

175.82

DateMarch

70%

-Bondfr10
First

;•;

30

e

m Talut.

38,4

37/4

6

78%

.76
73 %

•

Over-the-Gounter Industrial

the New York Stock Exchange as compiled by Dow, Jones & Co.

Indus¬

—

—

9RJ/

closing averages of representative stocks and bonds

-Stocks•

(High

,

15
60

CO

MS

.

4s

Mountain Power 3%s

Green

+

—

33

43

140%

Residential Mtge Bank—

stamped

Grand Trunk Western Ry

Low

—

y.

■<.{?
213% 14 A

__

Deferred delivery transaction (not
Odd-lot transaction (not included in years range),
•N.

48 %

100%
117%

116

Efcec Mfg Co—

A6%s ex Nov 1 1947 coupon
Finland

Vb

97%

43%

99%

A6%8 with No* 1 1940 coupon—1953

,

42

117% 117%

MS

63%

59

-5

61

$42%

J-J

Water Lt & RR 5s

■

.

Division—

4s ser A

mtce

A5%s

Eastern Gas & Fuel 3%s—

Elmira

(issue of Oct

Mortgage Bank of Chile 6s

Peru

Dtin.ware Lack & Western RR—.
1st mtge

stampede

stamped (Plan A)
Interest reduced to 2V«s

1Q5

tBalt Ctty>-—

4%-s

Lackawanna

Range Since
Jan. 1

Parana

„

.

A7s
A

Mortgage

1969
1976
-——1981'

3s wr P,

ALima

7s

A-O
J-J

c\r

.—1952

92 V*

CSGrtsol Ga-s El Lt & Pvr .(Ba.lt) —
1st ref mtge 2%s ser q
1st ref 2%s series R

5s

Danzig Port & Waterways—
AExternal 0%s stamped

89%

90%

v

,„i/

22

106% 107%

Sold

Municipal Loan—

5%s__

58

103% 104%

102

No.

TV

1927)——1947
1931
Bank of Denmark 5s
1972

Cons

External

95%

50%

119

100%

•i

Bonds

High

40

92%

107%

118%

1

__

91%

A-O

or Friday's
Bid & Asked

-37/4

94%

j-j

109

Week'a Range

Last
Sale Price

—

92%

M-S

F-A

J-D

95V

——1977

.

108

.—

j-j

—1969

,

107%

—

261%

M-S

106

86

1

ioi%

}61%

City (Peru) 6%s stamped-1958
Maranhao stamped (Plan A)
Interest reduced to 2 %s
2008

-.1958

101%

__

1966

—Jan

Debenture

—

S2%
108%

—

1954

1.

.

Mortgage
A20-year 7s

1948

.

A5%s (20% redeemed)
Cities Service 5-s

40%

Bank

Agricultural

•External
j-D

{{Central States Electric Corp—
A 5s

100%

14

83

$118%

Friday

30

:

1970

Edison'2%s.

Boston

A-O
J-D

Period

100% 100%

Jan. 1 7

1998

6s

W"-

--

107% 107%

Interest

BONDS

1960

C

Steel

Bethlehem

to CO

5

--

$109

Jan

High

5

100%

1

Range Since

Sold
;

—

40%

Low
Bonds

40%

30

5
-

Foreign Governments & Municipalities

107

1955

City Electric 3%s__.—-.-1964
Telephone of Canada^—

40%

33

Feb

8

j-j

Atlantic

29

.

Jan

Low

1953

4%s

Electric

27

18

Western

105%

High

18'A

82%

M-S

10

106%

1

29

40%

J-D

No.' "

j-D

27

Jan

Jan

til

Bid & Asked

Low

1970

70

$15

1954

West Penn Traction 5s

■i

Appalachian Elec Power 3%s

127

63

104% Mar

Jan

71/8

Friday's

123

1

100'A 100%;

Week's Bang*

Sale Price

9

70

40%

3%s_—1964

debs

106% 106%

Period

95%

125

$15

J-D

1956
1956

coupon

(Col) —
April 1946
A20-year 7s
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1948

New York Curb Exchange

105'A

86

26

-

New York Curb Exchange

Friday

100 Va

104%
3

88%

Hotel—

Jan

5

Jan

9%

5.600

i'f

106%

99%

27

26

A-O

vi-i-

1V 8

104

103 %

—

106

104

5

70

J-J

—1949

1940 coupon

1947

Jan

15%

10% Mar

400

-

1

Jan

I.'.

*

Wright Hargreaves Ltd

8

104

Service Co—
1

Washington Water Power

29

Feb

100

700

8

105%

105'A

104%

125

70

1953

1 1947 coupon
of N J 4s

6%

23%

30

2

87%

A-O

—1946

9

10

Mar

14

income

A 5s

Jan

Mar'!r>-

Jan f.
4% Mar/%'"

900

27:%

Dec

Waldorf-Astoria

Jan

18 Vb

-

Apr/'"-.

5%

—

27%

103%

$105'A 105%

M-N
A-O

1946

Co

Mar

Ltd—

W)

(F

pfd
__

_

common

United Electric

Mar

A6%s

31

"4%
— —

.

Inc

United Electric

9%

*

4%%

Lt

&

Petroleum

150

Jan

2%

-.25

w

Industries

Woodall

Woodley

6 r!o

w

common

Feb

14 Vb

1

common

preferred

Winnipeg Elec

Jan

115%

139

6

f-a

Hydro-Electric Co—
A6%s with Aug 1 1940 coupon—1953

110

5%

33

Terni

300

8:%

'

4»

$99% 102

1966

stamped

32

nil

Inc

7%

Jan

112

2nd

147,

*

& Co

Jan

50

5

Corp

(R C)

Products

6%

300

16% Xl7

—

Industries—

(Hugo)

A7-4s

21

•

10

_

Jan

23%
—;

•

Jan

1%

Va

-1

Corp..

4%

Jan

114%

1

_

__

Feb

l'/a

400

Stinnes

31

-10

Weyenberg Shoe

2%

1,900

139

"20

Westmoreland

Jan

6,800

*

com

Westmoreland

Jan

!%
7

■

$105% 105%

J-J

1989
1950

trust

2%

3%

7

104

F-A
A-O

1970

3%s

Corp—
stamped

3rd

10%

"l%

114

'

(Hugo)

A7-4s

Feb

1%

1.25
Manufacturing
*
Utilities $6 preferred-

Elec

5s
inc 5s

Corp

'

—

(Calif) —

Gas
&

Gas

collateral

Stinnes

Jan

3%

3%

...

Texas

Western

2 Va

%

1

Corp

5s

Mar

% Mar

7% Mar

Baking Co warrants

Warner

AStarrett

Jan

9%
111

Mar

1

"1%

1

.

Jan

109
.

30

Co

I 1%

'

Jan

87b Mar

500

1

..

preferred

cum

9 Vb

8%

100

preferred

Waltham

9 Vs

voting trust ctfs ext_»

Wagner Baking
Waitt & Bond

1%

_

$104

1971

(AG)

Spalding

*

Co

J-J

—1973
1970

mtge 3s

Southwestern

W
Aircraft

Waco

3%s

California Gas

—

104 Va 105'A

104%

ms

1973

Southern

Jan

$98%

2

113% 113%

A-O

1965

3s

A

Southern

12

__

M-S

1951

1st & ref M 3s ser B_

Jan

3

Feb

300

series

3%s

Edison

California

Southern

Jan

$99%

M-N

1952

Scullin Steel inc mtge

34 % Mar

Mar

1,600

San Joaquin

Apr

71

3s_1981

Lt & Pow 6s B
3s

Jan

6%

Feb
Mar

A-O

1952

;

$102% 104%

31.80

High

37.83 Jun 10

31.75

Low

32.37 Dec 29

,

36

(1476)

THE

COMMERCIAL

&

FINANCIAL

OTHER STOCK
RANGE

Boston Stock
Last

American

Agricultural Chemicals

American

Sugar Refining—

American

Tel

•

100

j

•

';

36%

28%

__

50

Range Since Jan. 1
Low

30%

30%

100

105

40 %

32% Mar

3,127

Jan

150%

Jan

38%

Feb

Mlckelberry's Food

; Marshall

Field

Edison

Boston

Co

&

32%

274

35

Jan

Middle

110

110

112'A

55

110

Mar

120

Jan

Miller

105

105 '

107%

130

105

Mar

120

Jan

Monroe Chemical

43"%

1,914

Albany RR

Boston

30% Mar

Elevated Railway-

25

—

43%

42%

100

Jan

40%

West Corp
Hart Inc

Montgomery

43% Mar

Co

Ward

16%

16%

16%

669

16% Mar

19%

7%

North

100

preferred

prior

5%

cl A 1st pfd stampedclass

B

1st

Boston

cl D 1st pfd stamped
Personal Prop Trust-

Boston

8t

10%

Calumet
Cities

Hecla

&

4%
8%

38

365

Feb

43

4%

Feb

6

Mar

600

5%

Jan

6% Mar

8%

10

7% Mar

15

110

14% Mar

79

168

69

4%

—

100

5

43%

__

124

45%

Oak

Bancorp

Bush

Shoe

Mass

Street

5%

6%

1st

5%

pl'd

A

series

Feb

National

Inc

__

•

21

3

61%

41

61

Mar

68'A

25

29

Mar

39

Jan

22%

Jan

22%

22%

Feb

6%

prior preferred

Rath

Jan

205

19%

35

35

100

33%

Feb

60

190

537k

Jan

61%

St

35% Mar

59%

—

*

RR

Capital Corp

General

Electric

1

Jan.

44.79

44.79

20

42.45

Feb

•

Safety Razor Co
Hathaway Bakeries

37%

37 %

38%

1,810

35 Va

Feb

31 %

30%

32%

470

29'A

1

Royale Copper

Kennecott

'

*

t

Gillette

Isle

44.79

Copper

8%

8%

5

4%

4%

325

__

15

Central

4%

15

Mathieson

RR

pfd

*

Linotype

Narragansett

Assn

Racing

Nash-Kelvinator

*
1

Feb

Sinclair

Jan

South

33%

8'A Mar
4

Jan

Cos

1

New

England Electric System
New England Tel & Tel
N

Y,

New

Haven

95

58

Feb

37%

15

36

Mar

417k

Butte

49'A

50

45

Apr

50%

Jan

537

45% Mar

Jan

.56%

Elec

260

87k

Jan

120

12%

Feb

15%

Jan

13c

Jan

25c

20c

80%

80'/a

100

Pennsylvania RR
Quincy Mining Co

Shawmut
8tone

7%

Torrington Co
Union

Twist

United

7

Feb

15%

17

675

147k Mar

6

200

4%

46

4'A Mar

15

15

410

14%

Jan
Feb

Corp

17%

Jan

10

Co

Corp__„

!

Co

capital

Borg-Warner
(E

40%

315

Week's

(E

L)

J)

28 y4

100

12%

Jan

2,900

19'A

Feb

29%

Jan

Feb

39%

Jan

13 y2

Jan

13

13%

*

21%

23

16%

16%

5
2

9%

9%

20

4%

4%

300

10'

Jan

13% Mar
Jan

24

15% Mar

21 Va

Jan

1,900

7%

Feb

4%

2,000

2%

Jan

4% Mar

40%

500

36%

Feb

41% Mai-

Mar

10

25

40

1

common.-

commoii

6 %

*
new

com

6%

400

6

Feb

15

15

250

14

Feb

15

37%

37%

100

33%

Jan

41

.10

37%

5

9'A

10%

Mar

Feb

9%

10'A

360

9

Feb

11%

Jan

30 V8

30

52%

6%, Mar

300

29

Jan

32 y4

Jan

Jan

11 Va

Jan

Feb

54%

Jan

25

Jan

10%

100

9'A

52%

52%

100*

49 %

24

24

400

22

-Feb

43%

43%

43%;

220

43

Feb

44% Mar

38%

38%

41%

2

common—

Corp

1*
(new)

39%

1,000

37'A

Feb

10

13%

13%

14%

400

11%

Feb

14'A Mar

7

27%

27%

28 y8

600

26% Mar

28% Mar

*

73

72%

74%

Jan

13

Jan

"Wisconsin Bankshares

1*

10%

10%

10%

1,850

10 y4

Feb

10%

Jan

2

10 Va

10%

10 y8

50

X9 %

Feb

10%

Jan

12

12'A

400

13

Jan

15

Mar

38'A

Feb

43%

Jan

common

common:

common

Unlisted

,

Jan
Jan

Jan

Machine

capital

5

Alleghany Corp

1

12'A Feb

137k Mar

American

Air Lines

26%

Ipc

American

Radiator

&

Feb

Jan

Towel

Co

5%

650

9%

250

18%

50

146% 146%
7

700

7%
1%

4%
9

144

14%

31%

32 V8

500

31 y4 Mar

35

Jan

26%

26%

100

24 y4

Feb

267k

Jan

31%

32%

1.10O

50

Steel

1%
5%

5%
2

150

6

%

Jan

Feb

19

150%

1 %

Jan

1,600

Mar

7%

Jan

16

100

14%

14%

450

13

Mar

34%

100

32

Feb

6%

6%

800

6% Mar

7%

100

11% Mar

13 V'2

Jan

100

12

Co

13

■'

Feb

16

15%

Mar

Feb

34% Mar

Co

Oil

Pure

Radio

Republic

9%

200

46%

50

41

41%

150

40

Mar

49%

Jan

17

17

200

17

Mar

22

Jan

Standard

Jan

Studebaker

7%

8%

400

10%

9,300

1%
14%
12 y4

10%

so;?
1,850

i

700

6%

6%

200

*

common

ll'A

*

vtc

30%

30%

100

70

72 %

40

41

70

*

115

common

10

Jan

Rexall Drug

Jan
Jan

Schenley Distillers Corp
Socony Vacuum Oil Co
Standard Oil of N J

9%

2

4% Mar

United

Credit Corp class A
Eddy Paper Corp (The)
Eversharp Inc common

% Mar

1%

Jan

11% Jan

14%

9

Feb

6

Feb

of

America

Four-Wheel

Drive

Fox

Brewing

7

Jan

75

Jan

115

51 Va

Jan

57%

Jan

2,100
300

5%
2%
79

111

28% Mar

100

5% Mar

714

3

900

2%

3ya Mar

83

50

.79

Jan
Mar

1%

7%

500

7% Mar

11 'A

100

10% Mar

10

Gibson Refrigerator Co

Safety

Razor

5%

5%

7%

8

Bros

H)

Dr

&

100

5Va Mar

3,850

7 'A Mar

1

.

Brew

Oil

new

cap

Hein Werner Corp.:
Illinois Brick Co capitals-

Independent Pneumatic
Prod

Switchboard

footnotes

1

1




200

25%

Feb

317k

Jan

13'A

1,200

ll'A

Feb

14'A

Jan

87k

87k

300

77k

Jan

24%

200

4%

24'A

Feb

4%

5

23% Mar

1,200

95

Jan
Jan

7% Mar

12'A
6

Jan

Baldwin
Beau

250

14

500

14%

12%

8%

9

22

87k

Feb ",

Jan
Mar

Feb

16%
8

17%
8

100

127k Mar

350

8% Mar

250

1,250
100

Brummell

Cinn

Gas

4%

Jan

19

15%
7

327k
12

Jan

&

&

Elec

Dow

Drug

30

Jan

17 Va

Jari

100

65%

Feb

73%

Jan

200

14%

Feb

16V4

Jan

16%

Feb

21%

Jan

9% Mar

ll'A

Jan

68%
16

19%

800

10%

11

1.300

2%

3

200

2,300

2%
11

Jan

3*/8 Mar

Jan

Formica

Jan

Feb
Feb

Mfg Co

Kahn

22

17%

97k

Mar

10

6%

Jan

12

12

100

12

50

5

Feb

50

47

25'A

Mar

Mar

47

-

5'A
47

22

287k

101

5

15'A

Feb
Feb

Jan

5% Mar
47

Mar

*'

21%
28%

100

High

Jan

3%

4

5 Va

*

.

101

250

21'/a

Feb

237k

125

;

27%

Jan

297 a

Jan

1027«

Feb

Jan

7%

Jan

67% Mar

76%

Jan

11% Mar

12%

Jan

•M'

8

100

Jan

5%

50

67%

*

57k
67%

11%

*
_

68%

_

237

5%
•

7

25

6%
7
100

'

t

_

-

ll'A'

6%

_

*

242
v

'

■'

6

Jan,

•»,•

100

6

Feb

7%

Jan

39

6

Feb

8Va

Jan

4

100

Jan

100

Sons

_

19 Va

19'A

60

16%

Feb

19% Mai-

27

26

27

37

23

Jan

27

Mar
Mar

50

50

50

207k

10

common

5%

Jan

19'A
3
_

preferred

.

.

.50
3

•

21

467-is

467a

48'A

49'/a

160

44

Jan

50

197k

Jan

21%

Jan

46% Mar

237

47%

49'A

Jan

'

13
270

-

43'A

Jan

_

49 Vk Mar

Apr
Jan

Lunkenheimer

4%

Jan

Rapid

Feb

27%

Jan

(J

Jan

15%

Feb

U

Feb

25

Tel

Kroger Co common

3'A Mar

400

227k

'

(E)

Procter &

800

180

12

8.50
_

Range Since Jan, 1
Low

24'A

4

4
"

'

Shares

High

23%

1

*

Hobart

Jan

Randall

7%

Low

23%

100

12% Max-

Jan

13 %

.

:

10

Jan

23'A

Jan

for Week

of Prices

.

Art

11%

450

11%

Sales

Range

3

.

Insulation

18%

500

—

Eagle-Picher

Jan

9'A Mar

4%

Jan

Exchange

Week's

Preferred

Mar

17

16'A Mar

24%

.

_

common

15%

550

3%

_

Bell

Motors

500

24%

_

common

Street

Sub

177k

*

_

preferred

10%

x6%

Jan

Feb
Feb

18%

8

Carthage Mills common
Champion Paper & Fibre

17

xl3

5%

4% Mar

Jan

15

15 %

18%

1

..

Crosley

29%

250

_

Feb

Apr

12%

27%

Jan

Feb

77k

11

.

62%
9%

56%

100

21%

Jan

9

25%

_

_

10

page 44.

30'A

13

*

Industries

Cincinnati Union Stock Yard

800

15

—

297a

Sale Price

Jan

1,000

15

Xl3

11 % Mar

Par

Aluminum

17%

5

Jan

68 y2

STOCKS—

14%

8%

1

common

Mar

8 Vk

19% Mar

Last

10%

(new)

10

1,100

Friday

10

*

Feb

200

Jan

3,500

*

Mar

317k

11

17%

8%

10

16%

common

Jan

60%

14%

9

Jan

13'A
4'A

Jan

Feb

1

8%

7%

14%'

__

15%

Feb

3%

*

Co

common-*

common

see

12

11

3

common—

Harvester

La Salle Ext Univ

Tool

100

15

5

Feb

10%

15%

Corp

Gibson

10

common
Co

*

*

12%

24%

1

Cincinnati

31%

common.*^.*

Hall Printing Co W F common
Hammond Instrument Cd common

Corp

7%

12

59%

59%

—1

_!

common

Dk

12
"

common

(W

i__10

common

common

300

1,000

11%

Cincinnati Stock

Cine

General Motors Corp common.

Jan

~

227k

1

Jan

31% Jan

5%

ii y®

'

'

.•

3,000

:

4%

Jan

25

46'A
27 Vb

29%

—

67k Mar

v'

10 %

25

Corp

Jan

Feb

26%

•''

12

Jan

47k

127b Mar

127'u

Mar

39%

29%

—5

13%

~8Tk

Mar

300

1%

Candy class A

12%

97k

15

Spring

Jan

66%

1

common

Jan

3'A

"•

1%
Inc

Corp common

30% Mar

k.5

Inc

Auto

397k

11% Mar

30% Mar

45

26

2%

-f

Jan

Feb

12'A Mar

Jan

500

29%

*

Feb

2'A

Feb

10%

54

26

1

1,900

Feb
Jan

21%

*
2'A

Balcrank
Domestic

67 a

9%
7Vk

4

I '/a Mar

35'A

Jan

ii

,

*

common—

Inc..

Steel

Wilson &

Feb

10

25

Dodge Manufacturing Corp common—10

200

400

Jan

8%

29 %

common

14

115

25

common

common

Corp

10%

52%

52%

27k

6%;

-1

"l

53%

43%

2%

America

Feb

7% Mar

100

12

12%

l

4%

14%

*

Jan

500

37 k

common.;

Apr
Feb

9

46%

Sunray
3%
1%

of

Steel

9%

12

(The)

Corp

12

50c

7%

^

1%

6%

—3! 1%

,

Radio-Keith-Orpheum

46%

3%

Feb

ll'A

!%
Paramount Pictures Inc new com

12

1

6'A

1,300

9%

11

46%

common—__.1

1,400

38 Va

*

2%

common

11% Mar

Jan

13

lo

13 V8

Feb

•

"

r"

Jan

Feb

107k

1%

-4

2% Jan

-

6 'A Mar

34%

5

14%

107k

27 k

1% Jan
5% Jan

2

100

500

-

77a

9 Va

■

6%

Jan

377k

Jan

4% Mar

Jail

33%

Jan

7%

103%

~5

Jan

Jan

16

6%

D;

Jan

300

1174

I

•>

Mar

Jan

12%

Jan

13%

13

Radio.

10

30% Feb
117k Mar

127k

7

37%

Pepsi-Cola
14 %

12%
12

117 a

12

—* z

&

1,500

102

31%

T

Television

10

100

5% Mar
10%

Feb

200

2

>

10

Motors

Farnsworth

2% Mar

12% Mar

Jan

6%

1.000

1%

Feb
Feb

17%

1,600

2

3

10

capital

Commonwealth Edison

19%

7%

2%

(new)

Service

77% Mar

15%

5%

1

preierred

Corp

76% Mar

Feb

Jan

200

High

100
800

9%

l

common

Co

Low

77%
18%

2 Va

7%

13%

•

High

700

13 %

Coppejr Mining

Continental

2%

9%

13%

25

77%

18%'

2%
9%

com—•

San

..1

Range Since Jan. 1

Mar

1

St

_*

Shares

12

Stocks—

22%

17%

17%

5

Corp

Util

Low

10

preferred

W

Convertible

For

Feb

capital

for Week

—5

common

Biscuit

Convertible

Kellogg

24%

*

Sales

Range

4

—

Secur

International

250

Mar

10 y4 Mar

26

Yates-American

95

3

common

Steel

25%

*

_

78%

Jan

653

l

Chicago Corp common
Chicago Milw St Paul & Pac
Chicago R I & Pac Ry com

Indiana

25 "

27

50

Feb

35'A

13%

5

—,

Corp common—

Sons

(G)

34%

450

_

Jan

28% Mar

24 %

100
i

Brewing Corp
Manufacturing Co capital
Bliss & Laughlin Inc common
Borg (George W) Corp.—!

Heilman

900

10%

Jan

12% Mar

Woodall Indust

12%

*

Binks

Harnischfeger

38%

10%

Jan

33

22%

Jan

23 %

*

Berghoff

Co

27

10%

27

1

26'A

Feb

69

34%

5

common—

Mfg Co class A

Bendix Aviation

Lakes

27

*

24% Mar
31

900

127a

of Prices

1

Belden Mfg Co coihmon

Gossard

Jan

300

31% Feb

—

*

I

Mfg Corp—J.

Great

Mar

4

200

188

Sale Price

Mfg Co Common

Goldblatt

10

Apr

12%

215

23%

12%

common

Tel

Barlow & Seelig

Gillette

Feb

3'/2

50

common

Corp

(The)

15

39%

__

*

Electric

Athey Products Corp capital-—
Automatic Washer common

General

9%

loo

547k Mar

common

(Peter)

Jan

1,100

3%

23%

52%

Castings
Bearing common-

Mills

17%

180

——

Works

Jan

13'A Mar
i-

12%

Apr

&

Flour

19%

Jan

15 % Mar

23%

Feb

Co

Co

12 %

Jan

12%-

49%

American Tel

Crane

10

3%

18% Mar

100

Mar

8

;

Westinghouse Electric & Mfg com—12y2
Wieboldt Stores Inc common—1
_*

477k

Armour

Cities

3%

14

Feb

Jan

900

Laboratories,

Chrysler

300

1,300

Jan

9y2

Mar

7%

Jan

5,424

Ball

Chicago

10

10

14

1,500

19
18%
13%' 13%
15%
171'.'

15%

7%. Mar

5

7%

5'A

52 %

Advanced Alum

S

1,450

14

:

7%

15%

Feb

28%

Allied

&

8%

14

Jan
Jan

United Light & Rys Co
U s Steel common.

7

48%

Aetna

Cent

: 8 '

•~7%

70

24%

common—

Union Carbide & Curb capital
United Air Lines Inc.

Jan

50 Va

Corp common

111

Jan

Jan

9%
45c

47%

Abbott Laboratories

Central

Jan

31%

32%

common

28%

—

Par

Carr-Consol

28 y2

Jan

37 '

common

Furniture

33%

Last

Co

Mar

24%

common

32%

Friday

Bruce

27

30

32%

208 South La Salle St

51%

STOCKS-

Butler Bros

10

200

10

Chicago Stock Exchange

&

ls

~

_*

Corp
Atchison Topeka & Santa Fe

Brach

25 Va Mai¬

Feb

8 '

L*

capital

Sundstrand Mach Tool

Armco

Avco

Feb

17

.

Container

Anaconda

Asbestos

22%

Jan

47%

Co

Waldorf System Inc.

&

31

400

17

87%

*

_

Co—

Westinghouse

Admiral

25% Mar

25%

17

Trane

Machinery common—,—25

Rubber

100

24%
17

2'A

—

Corp common

14%

5

25%

Feb

57k Mar

4%

32%

Co common

Lathe

Inc

Mar

25%

Jan

Mar

30c

15

4% Mar"
59

30

50

Corp

Bend

Jan

11

Feb

Jan

27

9%

45

Fruit

United Shoe
U S

5

6

•

Drill

7%

80 Va Mar

100

*

9% Mar
4

52%

30

Swift & Co capital stock
—;
.25
Swift International Co Ltd ctfs of
dep.
Texas Co
(The)„.ii;—
25

Jan

4%

*

Inc

1,010

87k

15%

50

Association

Webster

&

82

850

1,418

31c

2.50

—

9%

31c

—25

Drug Co

25c

8%

Rexall

Oil

Sunbeam

10% Mar

13'A

8%

—2.50

Co

Prod

Storkline

Mar

63

10%

—100

Mining

850

Jan

Feb

.

North

9%

2%

27

10

common

Spiegel

63

L_20

Hartford

&

20

1,000

.25

A

Standard Dredging common
Standard Oil of Ind capital

Mar

9%

__

4
59

L*

1

8% Mai-

12%

__

Feb

9%

1

——

47k

■

46"%

__

5

i

Service

Mar

1%

2'/a

4

_*

common—

Signode Steel Strap

Apr
Jan

45

45

(The)

Corp class B

40 Va

37%

__

Jan

12

2,900

2

55%

Sears Roebuck & Co capital

44.79

V

62

__

24

55 y2

5

class

Nat Stockyds

Sangamo
Serrick

Feb

45%

100

Chemical Corp

Mergenthaler

National

5Vr

64 y4 Mar

Feb
Feb

2

2%

capital

(The)

Packing

Louis

Stone

Maine

Jan

21%
9%

'

Corp

Shellmar
General

51

550

Jan

31

—

*

Stores

400
300

12

20

common.

Penn Electric Switch

Pennsylvania

61

—100

Steamship lanes
Employers Group Assoc

3

64%

*

common

Jan

Feb

10

.

common

Jan

31

—

100

pfd adjustment

Eastern

First

3

16

'

22%

9%

common

5%

Process
100

Jan

63%

*

Ontario Mfg Co common.—1

Ry—

Common

15%!

Feb

10%

—*

common—

Manufacturing

Perfect Circle
Eastern

Car

Peabody Coal Co

Jan

80

Feb

Jan

100

'

l.

common

46%

4% Mar

39

560

Nunn

8% Mar
16

Jan

American

Northwest

Jan

1,810

14%

15

5

—-

5%

76

—

100

Service

6

5%

„

100
*

Providence RR—

40%

40

100
100

stamped

pfd

8%

Jan

RR—

8%

Feb

7% Mar

22%
5

Co

39'A

15%

!

common.

&

13

Jan

1,100

1

vtc

common

Jan

8%

64 y4

High

ll'/8
37

50

8%

:

capital

&

39

350

:15%

*

common

common

Low

12%

1%

7

Products

National-Standard
Maine

&

Range Since Jan. 1

High

38"

.1

Muskegon Mot Spec class A

Stamped
Boston

Shares

12%

*

:

Lindsay Light & Chemical

36"%

Jan

28

Low

.

12%

Libby McNeill & Libby common
Lincoln Printing Co common

Jan

100

pfd

for Week

Par

preferred

100

——

Bigelow-Sanford Carpet 6%

Sales

Range
of Prices

common

Mar

143%

393

Co

Cumulative

High

34% Mar

&

'

/»

\

Leath

Shares

35%
36'A
145% 146%

146%

•

0

Week's

Last

High

35%

__

__

Friday.
Sale Price

STOCKS—

for Week

Prices

Low

;

..—100

—

Anaconda Copper
Boston ti

*

Tel

&

Woolen

American

;

1

'

Range
of

Monday, April 4, 1949

EXCHANGES
ENDED APRIL

Week's

Sale Price
Par

WEEK

Exchange

Friday
STOCKS—

FOR

CHRONICLE

7% Mar

S
S

*

20

Gamble

class

Electrotype

—

...

Playing Card

Printing common

Preferred

—

*

*

108

19

Jan

21

287

57%

Feb

66 Va

365

7%

Jan

10

Mar

11%

11%

100

ll'A

Feb

ll'A

Jan"

56%

9

11%

21

637k
10

62%

B

Mar

Jan

10

56%

100

56

Mar

58

Feb;

;—*

357k

36%

100

357k Mar

39

Jan

50

45%

45%

^5

40%

45'A Mar

Jan

COMMERCIAL & FINANCIAL CHRONICLE

THE

Number 4791

Volume 169

(1477)

37

OTHER STOCK EXCHANGES
RANGE

Friday
,*

Par

■V''*':'
Unlisted

American

1

Rolling Mill

City

—25

Ice

Fuel

&

Columbia

26%

436

Feb

27%

Jan

Jan

150%

Jan

Divco

34%

Jan

46%

Jan

Federal Mogul
Federal Motor

Jan

Frankenmuth

31 %

32%
45%

55

28%

__

Mar

37%

53

28 Vb
11%

11%

<

31

224

44

Feb

,

Jan

26 %

121

9% Mar

28%

Jan

10%

11% Mar

Corporation

Friars

Truck

.

Power is LightDept Stores

Dayton

Cash

General

211

Feb

62%

Car

59

60

„

34%

34%

16

30%

Feb

34%

Jan

12%

12 %

40

10%

Feb

13 %

Jan

28 %

28%

25%

Feb

31%

4%

75

1%

Jan

4ya

Jan

15%
10%

17%
11%

103

125

29%

30%

12%

__

__

50
33%c
!
*

15%

-

Corp

11

•

29 %

Standard

•

Brands
Oil

(N

Standard

Oil

(Ohio).

R

Timken
U

—

J)

S Steel

1

-

75

Manufacturing

Hoskins

8%

Feb

11 »A Mar

Hcudaille-Hershey common

214

25%

Feb

31 Va

Jan

Howell Electric

13%

130

11%

Feb

14

Jan

,

Motors

American

Tel

Tel

&

(Un)

Chesapeake

&

City

Fuel...

Ice

&

Cleveland

$4.50

Iron

Cliffs

X".

,

Consolidated
Detroit
Dow
Du

Chemical

Eaton

Gas (Un)

Natural

Cleveland

&

Pont

Bronze (Un)
Nav

de

Manufacturing

Electric

Erie Railroad

Electric

common

(Un)

General

Motors

common

(Un)

Co

Goodrich

(B

F)

•

Bros

Hanna

preferred—
4%%

(M At

74%
23%

10

23

Feb

26%

Jan

Exchange

Michigan

___—•.

Sugar

*
10
2

common

Shares

High

.

,

Low

v.

High

2%

Feb

2Ya

Jan

405

14%

Feb

16 %

Jan

5

24%

Jan

27

Mar

119

146%

a

Jan

150%

Jan

5% Mar

8%

Jan

143

50

a6%

41

14%

31%
25

Feb

2,898

:

Jan

76

36% Mar

42%

8,433

% Mar

1

150

23
41

43%

50

5'/a

100

25%

Feb

46 y4 Mar

4%
46 %

5y2

Feb

Jan

50%

Jan

28%

*

85

5

30 Va

92

28%

Feb

32%

Jan

87

10

85

Feb

94

Feb

13%

13%

175

11%

Feb

14%

Jan

a37% a38 V4

85

35%

Feb

40

Jan

60%

140

56%

Feb

62%

Feb

17% Mar

21%

a

18%

179

145

a68%

a

68%

33

43%

43%

201

11

11

100

26%

27

26%

Industrial
Inteiiake

Interlake
Jones &

-1

(Un)

Rayon

Steamship
_
—
Laughlin Steel (Uni

104%

189 y4 Mar

Jan

.

56

658

•>

•

Feb

40%
•

.

Scotten-Dillon

—

11

Feb

Sessions

_

__

41%

Martin

(Glen

McKee

(A G)

L)

(Un)

class

Feb

25

Metropolitan Paving Brick
National Tile & Mfg
N

Central

Y

Ohio

B

Jan
Feb

106%

46

Richman

Standard

Oil

Union
U

Ohio

of

Carbide

Steel

32

Van

Dorn

Iron

White

Works

Motor

4%

4%

488

4%

1%

1%

950

1

1%

1,150

U

S

—i

—

_

Publishing

Aircraft

1

..

Youngstown Sheet & Tube

Youngstown

IV

Los

Steel Door

Gold Mining Co

Alaska Juneau

Low

Allis-Chalmers

High

300

2V»

Feb

2%

Jan

400

27%

Jan

28%

Jan

1,260

9%

9%

& Light Co

(Un)
*>
(Un)—*

a9%

a9%

25

13%

_

American

Radiator

& St

American

Smelting

& Ref Co

a 146

»

(Un).

(111)

Co

&

Jan

8%

9% Mar

(>9% Mar

13%

879

13

14%

Jan

110

49% Mar

54

Feb

al45%al46%

(Un)—•

Co

Jan

7

a48% a49%

815

145% Mar

150

Jan

San

100

Woolen

Feb

2%
28'A

1

Power

3%

2%

—*

Airlines

American

3%

3% Mar

200

(Un)

(Un)

Co
Ino

Mfg

American

120

10%

Feb

11%

Jan

Barker

9%

50

Feb

11%

Jan

95

4%
4

27

Mar

33

Jan

131

34

Feb

37

•'

>

Jan

29 y4

a26

..

29'A

435

29'A

Apr

37%

31%

29 y4
■

Mar

31%

521

31V4 Mar

35 Va

Jan

423,-..

24%

Feb

27%

Jan

6%

Feb

7%

Jan

a25% a27 Va

7%

645

a92%

a92Va a937/8

137

a35%

a35% a35%

50

33%

Feb

6%

175

6y«

Feb

125

10%

Feb

7%

*

90

Mar

95 % Mar

39

6%

Jan

4%

4% Mar

300

3% Mar

105

10 y4

35

25%

149

■

16%

34%

100

38

a29%

Feb

Jan

Co

„■

Bendix

Home

Jan

Bendix

Jan

Bethlehem Steel

15

Jan

40% Mar

Feb

33%

Jan

Mar

17%

Jan

27%

23% Mar
39%

Jan

42% Mar

24%

705

22%

Feb

26%

105

.

247

Jan

36%

Feb

42

Jan

69

Jan

78%

Jan

8

100

7% Mar

9

Jan

1%

200

1%

Feb

1%

Jan

25

13%

Jan

16% Mar

75

12

13

a

a

13

Feb

12

Feb

120

63% Feb

74

Jan

50

-

Appliances Inc
Corp

12% Mar

14%

Jan

60c

1,600

45%
16

34%

New York Stock Exchange

New York Curb

Detroit Stock Exchange

—

*

Blue Diamond Corp

5
1

Airplane Co (Un)
Oil Corp

Boeing
Bolsa

Chica

Borden Company

15
3
*

(Un)

Borg-Warner Corp (Un)
Broadway Dept Store
Budd

Byron

Feb

47%

Jan

Feb

18 y4

Jan

32%

Jan

34% Mar

a7Va

25

8%

Feb

8%

Feb

31%

32.%

1,105

30%

Feb

33%

Jan

3c

—

—

3c

1,000

2%c Mar

3c

Jan

6%

Jan

Jackson

*

Co

Packing Corp
Canadian Pacific Ry Co (Un)

California

Products

Certain-teed

1,588

5%

Feb

130

2iy4

Feb

9'/a

4,025

a40

90

38%

47%

47%
9 Va

295

46%

8%

2,720

a9%

—

a9%

120

a25% a26%

180

-

8%

Company

—

(Un) _•

DETRQIT

a 12%

180

12

a56% a57%

92

a._

Crown Zellerbach

(Un)__
5
Curtis Publishing Company
•
Curtiss-Wright Corp common (Un)—1

Telephone: WOodward 2-5525

Class A

Corp

Douglas

Week's

Industries

Inc

Co

Electric

4
(Un)

Electric Power & Light Corp

for Week

Exeter Oil

Shares

Range Since Jan. 1
Low

High

Farmers

&

Farnsworth

Co

Ltd class A

Merchants

260

Feb

13%

54%

1,502

51%

Feb

116

38%

Feb

56% Jan
45% Jan

3%

3%

110

3%

Apr

16%

17%
11%

710

16%

Feb

643

10%

Feb

11% Mar

a26 % a26 %

62

25%

Jan

26%

3,380
2,084

1.20 Feb

21% Mar

3%

u%

;

3%

3%

3%

1.60

1.40

1.60

a23

a23

8%

Tele

&

High

6%

Jan

5%
19

Jan

Jan

Apr

22% Jan
8% Mar

10% Mar

215

9% Jan

7Va
a55 Va

940

6% Feb

8%

55

54% Mar

55%

10

10

125

a25Vs a26%

205

6%

342

6%

Jan

Jan

a55

a25 Va

Jan

3% Mar
1.60

al0% all%

all%

Jan
Jan

Feb

10

25

Jan

27

Jan

5

Feb

7

Jan

7y4

Jan

9%

Feb

8%

Mar

9%
9%
a22% a22%

—

1,445
15

23

Feb

23

a62Va a62%

9%

65

50%

Feb

58% Mar

Feb

Feb

a2l a22V2
_

174

20

13

13

304

12 y4 Mar

21%
13 ya

13

—

5

13 y4

641

11

13 «A Mar

a23% a23 %

302%

4,200
10

60c

60c

21%

no

65c

302% 302%

a23%

1

3

1,566

—

Bk—100

Radio CorPr

11%

86

8%

—

8%

(Un)_—*
1

Natl

—

Jan

a__

44%

50c

Inc

Bond & Share Co

14%

—

al2 al2%

*

Electrical Products Corp

Sales

Bancs

Aircraft

Dresser

Detroit Stock Exchange

1

—

Mar

Jan

9% Jan

52%

—

1

Inc

10

44%

—

7%

America

53% Jan

a—

al2%

1
5

of

Feb

Feb

a__

a56%

1
1

Creameries

40%

a—

al2%

Continental Motors Corp. (Un)

Exchange

Jan

Feb

a

30

•

(Un)

25% Mar
10

8% Feb
8% Feb

a34

al2

2.50
10;
1

(Un)

7% Mar

a33%

1,

Corp

Corp

Service

6 Va

25%

8%
a39%

*
25
*

Caterpillar Tractor Co (Un)
Chrysler

5%

25%

6

9 Va

•

(Un)

Co

Continental Oil Co (Del) (Un)

Of Prices

Jan

a7V8
31 y4

Engineering Com
Consolidated Vultee Aircraft (Un)

Chicago Stock Exchange
,,

Jan
Jan

75c

15

392.

—

Consolidated

Building

Mar

21

42%

1,220

34

40c

300

15

10c
,-2

Consolidated Edison Co of N Y

Members

Low

17% Mar

45%

25
Commonwealth & Sou Corp
(Un)—*
Cons Chollar Gould & Sav Mng
1

Watling, Lerchen & Co.

Sale Price

130

a

15%

Commonwealth Edison Co (Un)

<

18%

al7%

18%

5

(Un)

Columbia Gas System Inc

Last

Jan

4Va

9

Jan

168

12

10%

45%

33 '/a

Aviation Corp

13%

774

a39%
72%

Feb

2.55 Mar

5

(Un)

Oil Co

Basin

4%

•

43%

72%

400
300

12

12

20c

Oil

Barnsdall

Apr

9%
2.75

55c

a

12

9%

12

9%

1

Consolidated

Jan

2.75

Works

Company

Corp

Bros

7%

Mar

150

11%

(Un)—13
(Un)
100
1
common
10

Locomotive
Petroleum

Clary Multiplier Corp

Par

Range Since Jan.1
Low

High

3%

3%

Colorado Fuel & Iron Corp common—*

STOCKS—

Shares

28 %

10%

a7G% a70%

Friday

Jan

1

Baldwin

12

1

1%

for Week

10

(Un)

Alleghany Corp

Cities

Ford

Jan.

1% Mar
.

Sales

Range
of Prices

Par

Bandinl

al6% al6%

<

Week's

Lswt

Friday

Baltimore & Ohio RR Co

8

*

(Un)

6Vb

Feb
.Feb

1% Mar

Angeles Stock Exchange
Sale Frlee

Feb

—»

•

1%

1%

STOCKS—

Feb

24

1

1%

1

Wayne Screw Products

Jan

<!

*

__

1

common

13

~

_

1

Radiator common

Warner

34%

_2

-V

World

Jan
Jan

33 %

42%

1

12 Vi

Jan

10% Mar

Feb

1%

Y<

Jan

10%

Feb

Jan

a39

■

Feb

6%

8Va

Jan

-

■;

20 y4

5J/4 Mar

740

2,268

11%

—

♦

_

Chemical-

Refining &

Jan

Jan

465

10 %

28%

a23% a24%

1

3%

28 % Mar

10%

52

16Va

*

(Un)

common

Feb

1

3

67

a28

43

10

_

Carbon

&

s

Warren

common

Jan

2%
18%

Corporation

Udylite

120

38

»

24 ya

200

Jan

12

'

*

Bros

Jan

200

1,274

2%

14

Black Mammoth Cons Mng Co

'

3

% Mar

2

2%
28%

18%

25

34%

4%

—

Jan

Feb

Jan

3%

—

4%

Jan

11-

50

_

Jan

Feb

12 Va Mar

.100

13%

4%

*

I—

2%

3%

16%

Feb

41%

27%

:—

_

Apr

Feb

3,770

4

2Vs

120

Jan

41
105

Feb

•

(Un)

Oil

iy8 Mar
13 Va

12 Va Mar

250

7%

33% Mar

37

<1

Pennsylvania RR (Un)—
Republic Steel (Un)

Feb

515
500

17%

5

12

1

..

RR (Un)
class

Brass

Ohio

-4

_

_

_

1

200

2%

—

.10

130

36

37

lVa
13 %
2%

3,850

Apr

100

27%

<1

2.00 Mar

11%
13%

27

<•

5

al0% al0%

«

Feb

11%
13%

1

10%

'

1

'—

B

Portland Cement--

95c

17 %

Barnhart-Morrow

Medusa

2,970

11%

.130

70

104%

a

30% &30Va

a

—

Jan

1%

5

Manufacturing

12

10

.

_

2%

20%
5%

Jan

12%

»

&

Jan

20%
5%

Jan

37%

Kelley Island Liifie & Trans
Lamson

2%

20%
5%

14%

,

34%

_
——

100

27

—

45%

.4

Ma*v

12%

.

0

—

Jan

2%

Jan
Mar

17

Timken-Detroit Axle

Sheller

Mar

64

v;

36%

37%

<■

J...

(Un)

Iron

41%

41%
a

1%

8%

Feb
Jan

Jan

18%

a

'

Feb

10

Paper

American
59

—

,

1 Va

5

Brewing

Jan

48% a48%
30%

<>

800

6
15

2%

2%

*

Jan

Feb

87

50

1%

4

4

1

Mar

—

100

16%

200

2%

__

1

Jan

11

*

1,803
1,057

Jan

73% Mar

187 Va 187 Va

—

12% Mar

9% Mar

12%
6%

Jan

525

a

T?

Jan

Jan

16

Jan

13%

34%
29%

Jan

20

29

__

*

Chemical

River Raisin

Range Since Jan. 1

200

2%
15

5Ya

■

sy4

1%
1%
13

13 %

Pfeiffer

for Week

1,298

^

-

Jan

2%

—

Peninsular Metal Products

74'A

—

—

.

19%

Jan

1%

—

1

—

Parke Davis

Park

Sales

38 Va

*

preferred

Jan

16%

1

a23% a23%

>

-

__

1

:

Drug

Armour

Halle

2%

6%

McClanahan Oil

f

I:

6% Mar

Feb

11%

Jan

74

—

Tire & Rubber com
Gray Drug Stores
Great Lakes Towing common

Jan

2'A

6%

78

141/a

——

Goodyear

5%

450

11%

Jan

29

*

_

2,740

2%

1

69

a31% a327/8

Si

common

5Va

Apr

104

43%

—10

(Un)_

common

Feb

Mar

6%

1

——

*

__

3%

6

Lansing Stamping

•

(Un)

1,575

Feb

Jan

*

General
Glidden

—

2

-

_

Controller

4
6%
2%

43 y4 Mar

37%

•

3%
6%

300

26%

a.6Va

-20

Nemours

Feb

6

Jan

74

-15

common

(EI)

61%

6

Feb

14%

5

_

Jan

Jan

8

14

40 y2

15

.

lUn)-

9y4

56%

12

23 Va

■u

Graphite

Feb

Mar

703

Feb

77

145%

a

•

•V;\/

1

6%

570

1,135

Mar

46

SI

-

5V4 Mar

5%

8%
60 %

5%

Mar

43%

wi

Cleveland

Mar

8%

*

Car common

Motor

Kaiser-Frazer

'

Rights

70c

12

24%

15

--

.100
common

Jan

50e

11

Kinsel

a26% a26%

1

common

600

15

King-Seeley

.

Electric Illumin

Jan

70c

Feb
Jan

200

Jan

-

preferred

Cleveland

3

325

Jan

<■
_

.

Feb

372

74%

2%

._25

-

6%

2%

15

21%

Range

.

Ohio—.:

17

4% Mar

3

12

Feb

—

1

...

16 % Mar

100
200

12%

Jan

Low

.100

(Un)

Apex Electric Mfg common-

350

12%

17%

of Prices

—1

—

16%

12

65%

Sale Price

Products

11% Mar

15

103

Week's

Par

Home

11% Mar

12%

18%

Last

American

100

12

68 %

Friday

-1
(Un)
& Body—L— —5

11%

—

99

Cleveland Stock

Corp.

23

59%

8%

1

Packard Motor Car

Coach

4%

275

10
2%
*

Bearing

&

Ball

Hoover

17 y8 Mar

15V8 Mar
•

National Stamping

Alleghany

4%

Feb

22

1
1
1

Gerity-Michigan Corp
Goebel Brewing common
Graham Paige

Murray Corporation

American

Jan

__

73%

__

12.50

STOCKS—

24%

Manufacturing class B new—*
10

42%

—

*

r

Westinghouse Elec

Jan

Mar

70c

24

:

*

9%

3

18%

" '

—

10

„„

B

Feb

__

68%

__

25

-

Jan

7%

11%
16%

23%

*

Standard

20%

140

Motors

Hudson

Radio

4,047

8
23

Jan

3%

__

*

Oil

•

59 %>

,

*

Pennsylvania RR
Pepsi-Cola
Pure

Gemraer

Jan
Feb

111

*
Motor

Jan

39%

26%

40

38%

*

Ohio Oil
Packard

Feb

28 ya

Feb

24%

37%

Industries coihmon

Gar Wood

30

35%
56%

29%

247/s

37 %

10

f

Register

Central

York

Jan

24 % Mar

29 'A

—

*

Motors

National

61

__

<■

;—!

Electric

General
New

7

.

Federated

General

22

8
23

•

,,

..

High

21%

1
1

Ale common

Range Since Jan. 1
Low

High

8
23

41

Brewing

Shares

21%

1
1
1
5

Detroit Steel Corp.-

227

23%
143%

V

AA

--

41

_

Jan

—

*

Gas

7%

25%

146'A

101

145% 146%

267/8

—10

Service

——20

Edison

Detroit-Michigan Stove common

9%

for Week

of Prices
Low

Par

9%

100

Ohio

&

'

—

R)

& Tel

American. Tel

Chesapeake

_■

Sale Price

'

High
Detroit

Airlines

Cities

Low

STOCKS—

Sales

Week's
Range

Last

Range Since Jan. 1

High

LoiJ>

.':7\

Friday

Shares

Stocks—■

American

*

for Week

of Prices

APRIL 1=

WEEK ENDED

Sales

Ranee

Sale Price

»

Week's

Last'
STOCKS—

FOR

49c
302

1%

1,746

12%

13

440

10

38

38%

941

..

Feb

Mar
Mar

1 % Mar

1 Va

—

Feb

Jan
Jan

22% Mar
65o
Jan
310

7%

Jan

Jan

'

Allen

Electric

common

Altes

Brewing

Co

Americah

Briggs

Metal

1

1

Adding Machine

Consumer's

•

$4 52

Co

common:

preferred

—

Detroit & Cleveland Navigation

For footnotes

see page




44.

2 Ya,

Jan

Garrett Corporation

5V'a

Feb

Jan

General

Electric

8%

Feb

10%

Jan

General

Foods

Feb

31 y2

Jan

General

Jan

iy8

Jan

200
100

28

1%

300

1

15%

15%

130

14 Va

Feb

16

Jan

53%

525

53% Mar

57

Jan

150

32 Va

Jan

33% Mar

107% Mar

107 >/a Mar

5%

1,480

33%

r*

5.

110

9%

33%
10H/o 107%

41

5%

5%

57

2

Motors

5%
28%

53%

15%

2%

Power

2% Feb

1%

1

Chrysler Corp

100

9%

5%

2
v——

Brown-McLaren

2%

28%

1

Products

Manufacturing

Burroughs

2%

4%

Jan

6

5%

Jan

Co

(Un)—

Corp

(Un)

10
5

Great

Northern

Greyhound Corp

Ry

Co

(Un) :

pfd

(Un)

—

—

——

—

—

*

Goodyear Tire & Rubber Co common—*
Graham-Paige Motors Corp (Un)
1
*

3.

.

Feb

13

Mar

35% Feb

39%

127

41% Mar

42%

Jan

59%

60%

913

57

62 y4

Feb

12%

12%

746

11% Jan

a62% a63 %

•

•

Corp common.
General Public Util Corp (Un)_.
Goodrich (B F) Co (Un)

12%

137

a42% a43Va

a—

Feb

—

Jan

12% Mar
a—

45

—

Jan

43%
——

——

11%

44

311

2%

2%

420

2%

Feb

3%

120

36%

Feb

39%

Feb

356

10% Feb

11%

Apr

a39y8 a39%
11%

11%

42% Feb

Jan

38

THE

(1478)

COMMERCIAL

OTHER

Friday

Week's

Range
Low

Par

Hancock

Holly

Oil

class

Co

•

Hudson
Hunt

Motor

Foods

Illinois

Co

Petroleum

International Nickel of Can Ltd

International
Kaiser-Frazer
Kennecott

& Tel Corp

Kern

Laclede

(Un)

Co

Lt

Gas

Lane-Wells

Oil

Mascot
Menasco

7%

Feb

13 Va Mar

1.00

Feb

1.50 Mar

240

28

125

49% Mar

9%

10%

500

6%

6%

6%

a47

5%

415

41

41 Va

6%

6%

Feb

240

1.15

1.25

46'A

1,200

Feb
Jan

22'A

26'A

Jan

19%

21

1,240

16%

240

.

25%

27,5

.25

100

295

16'A

1.45

Jan

14'A

21

Jan

Jan
Mar

16% Mar

Jan

290.

Jan

8% Mar

1.15 Mar

16%

26 Va

Jan

295

Jan
Mar

Petroleum

200

11'A Mar

t-t—1

1.00

1.00

1.00

400

85c

Jan

1.10 Mar

1

——

2

1%

2%

5,170

1%

Feb

2 Va

1.15 Mar

1.90

Co

1.20

17%

Feb

Jan

1.20

1,100

1

a2%

a2%

30

2%

Jan

3

& Co Inc (Un)—•
Mt Diablo Oil Mining & Dev
1

59

59

364

52%

Feb

59

Mar

1.60

Feb

1
;

Ward

Montgomery

Securities

Jan

vtc

com

Chrysler
Curtis

275

21'A

Jan

145'A 146%

146'A

1,430

143%

Jan

13%

925

11

12%

974

2.50

Co
Corp__

63'A

63'A
9%

Motors

52%-

1.85

1.90

5

13%

13%

749

1

6%

6%

200

6%

Feb

(Un)—♦

19

19

313

17%

Feb

19

10

Feb

(Un)

National

City Lines Inc

National

Distillers Prod Corp

National Mallinson Fabric Corp.

Central RR

York

New

Nordon

Corp

Ltd

—

(Un)

a9%

1
11%

—*

11%

North

American

Aviation Inc

North

American

Co

771

11c

10

11%

18%

15% al6 %

70

a

Jan

Mai-

10

Feb

13'A

18

•

10

10

.

1

18%

11%

63

Jan

65'A

Jan

8

Feb

9%

Jan

51

Feb

57%

Jan

5

Feb

7%

Feb

Pacific

Ry

Co

(Un)

100

Northrop Aircraft Inc
Occidental

Oil

Oceanic

Ohio

Petroleum

Oil

Gas

44 %

*,74

74%

183

60%

13%
4%

4'A

10%

__

10%

Feb \

62%

Feb

17%

Jan

11%

Jan

5'A

Jan

9% Mar

52

,-:^;5r!.

4

Ma r

Feb

7%

8'A

1,725

6%

18%

18%

18%

1,367

17'A

16

15 'A

17%

2,291

10

35%

35%

37%

290

of Calif

—10

Rights
preferred

16%

Jan

preferred

5%

red preferred

Philadelphia
div

$1

17% Mar

Public

Service

Inc

Tonopah

Oil

Rheem

Gas

Feb

3J Mar

A Feb
Feb

Jan

27%

27 Va

300

27%

Feb

28%

376

51

Feb

53'A

4

4

4

3,600

3% Feb

4'A

9%

10

482

21%

22%

16%
11

16%

43%

8'A
20

765

43%
a34

205

30 V2

490

13
8%

1,344

5 %

3,875

24

17%

Jan

Finance'

12%,

1
5%

f

8%

12%;.

fc

5

205

50c

3

3

150

23%

24%

979

4%

30

4,385

'-.6

6%

1,000

al9% al9%

32 »A

53

Feb

_1.75

Feb

32%

;:927:

30% Mar,

40%

1

13%

22'A

23

489

Jan
Mar

23

Jan,:.

264

26% Jan

28%

Feb

207A

21%

299

19% Feb

23%

Jan.

49%

49%

284.*,1

46'A

Jan

58%

58%

52

Feb-.

%

__

%

__

2%

__

100

21

:

20'A

3

...

%

440

21'A

20%

495A Mar

60'A

Jan-

1«

Feb

30%

2'A

348

21

10

31

Jan

18'A

,

103

3

Jan

Feb-

20 % Mar

Mar

:■;■

24

21'A Mar

205A

Jan

37'A

■

30% Mar-

Jan

BONDS
Transit

4s

Co

1975

40%

44

$25,500

1975

5s series A

48

51

9,000

40 % Mar
48-

Mar

54%
-

•

Feb

61'A

Feb

Pittsburgh Stock Exchange

Jan

ll

14

Jan

Vf Feb

A 81
5%

8%

Feb
Mar

6

2% Jan
23%

Friday

27%

4%

Feb

19'A

Jan

5

19%

62'Ac Feb
25

Jan

Par

Allegheny

Ludlum

Jan

Duquesne Brewing new common
Pitt

Fort

25c

155

16%

34%

25

Feb

46

Manufacturing

8c

8c

3,000

26

660

,W9c

19c

1,200

18c

21%

23

4,845

19'A

16c 16'Ac

1,518

Mountain

*

Low

Range Since Jan. 1
Low

High

High

24

23%

24%

253

23%

—

13'A

14%

405

11%

11 %

246

12% Mar>
10% Jan

9%

9%

552

9%

9%

60

11 Va
—

26%

Feb

Jan

14% Mar

11% Mar

__

10

Jan

9

Mar

10%

Jan

21

Mar

23'A

Jan

9'

Feb

22'A

22'A

50

387b

39%

165

35%

Feb

39% Mar

23 %

24

238

21%

Jan

24

Jan

20%

20%

20%

424

18'A Mar

233A

Jan

30

30

30

544

28

34

Feb

10'

—

30%

32%

485

29% Mar

35'A

Jan

w—V

—,

8'A

210

Feb

8%

10

Fuel

Supply

10

Pittsburgh Brewing $3.50 pfd
Pittsburgh Plate Glaes—

Feb

San

Jan

10c

Feb

Pitts Screw

38%

Mar

Jar,

50%

15'A Feb

22%

8c

20%

Jan

19'A Mar

Feb

25%

Jan

•

1

Co

Gas

Star

39%

Feb

31%

Va

1

•

'27%

Jan

662

Shares

__

39'A
—

8'A Mar

26'A Mar

8c

*

1

Harbison Walker Refractories com

18%

82

5

Brewing

Joy

38%..

175

•

Jan

18%

49

System

Jan

180

48%

Gas

6%

Feb

34% a34%

•
•

30Va

7%

a

Steel

Co

Blaw-Knox

Feb

25

a

tor Week

Jan

72 %c Mar

19%

Range
of Prices

Jan

Jan

5%

Sales-

Week's

Sale Price

' ;

STOCKS—

Mar

3% Mar

Feb

38%

15

Corp

20

28

20

Inc

Jan

8%

*

—

34% Mar

27%

A

•

Jan

a27% a28 V2

a27%

Feb

26% Mar

Mar

28c

23%

& Bolt

Corp.

:

Mining
Standard Steel Spring-.
Vanadium Alloys Steel—
Westinghouse Air Brake
Toy

1

—

1
*
•

12c

8
12c

14c

14%

16'A

Jan

7%
6c

230

Feb

14%

3,000

16c

Jan
Mar

Feb

16%

Jan

34%

34%

34%

50

33'A Mar

34%

Apr

30

30

31%

683

287/a

Feb

34%

Jan

23%

23%

24

120

22%

Feb

26%

Jan

—

Jan

17Vs

Feb

Jan

Jan

_15

16c

——1
Calif Edison Co Ltd com__25

11%

11%

11%

320

9%

Feb

30%

30%

2,115

29%

Jan

30%

Westinghouse Electric Corp

12.50

11% Mar

30%

Aircraft Co

Original preferred
preferred

4.56(4'

Jan

25 5A

<

Jan

34

Jan

1

Socony-Vacuum Oil Co Inc (Un)

4.88c;o

22%

Jan

33% Mar

Jan

31%

17%

a8%

,

Southern

Jan

23%

Mar

25% Feb

260

30

Oil

13

28%

_______5

Sierra Trading Corp
Signal Oil & Gas Co new class A
Signal Petroleum Co of Cal

Sinclair

531

500

6%

,_5

Co

Corp

21%,

22'A

Coal

Westmoreland

Lone

Security Co
Oil

4%
17%

a

28%

Roebuck & Co

Union

17%

65c 72 %c

a

1

1

(Un)

20'A

180

■

Richfield Oil Corp common

Seaboard

4,774

11% Mar

42% Mar

288

a32%

10

Mar

8

1,750

Jan
Mar

,15

240

11%

10%

30%

1

Ryan Aeronautical Company—

Schenley Distillers Corp

100

22'A

Jan

1

Safeway Stores Inc
St Regis Paper Co (Un)

33'A

24%

Last

.

Jan

37% Mar

Feb

30%

27%

com

common

Improvement

Westmoreland

Jan

•

J—

Gas

1

Jan

52%

•

Manufacturing Co_

32 7'«

28'A Mar

.———2.50

Oil Co

•

50

&

Corp

27%

25

(Un)

18% Mar
17%

21 %

30%

•

United

51%

a32%

8'A Mar

.

"

Columbia

Rice Ranch

El

Mining

United

52%

•

Inc__

33'A

Jan
Jan.

24%

21'A
—

S.

Co

33Va

Jan

80

•

Drug

•

common

19% Mar

18% Mar

35'A

50

(Un)

Rexall

Solar

Sun

Jan

a27% a27%

33%c

Corp of America (Un)
Radio-Keith-Orpheum Corp (Un)
Republic Petroleum Co (new)J
Republic Pictures Corp (Un)

Shell

Jan

30%

•

common

common

Paper

2.65

Feb

1

:

♦

com

common

preference

Reading Co
Scott

32%

33%

(Un)__2%

Radio

Sears

Mar

•

(Un)

8

Jan

41c

Baltimore

(Un)

Republic Steel Corp

11'A

•

Pennsylvania RR Co (Un)
Pepsi-Cola
Co„(Un)__
Phelps Dodge Corp (Un)

•

common

div

Feb

16,979

34

Jan

25% Feb

3,949

%

17

Feb

2.00

Electric

preference

Corp

Feb

25c

425

31%

1

com

Water & Power Co

Philco

199

25

Pacific Lighting Corp common
Packard Motor Car Co (Un)
Paramount Pictures Inc

19%

JS

__-_25

Pan American Airways Corp

230

34

%

7'A

4,100

31

31%

,—25

5%

2.30

29%

19%

25

6%

Pullman

2.20

10% Mar

14'A Mar

Jan

11%

14% Mar

100

v

9%'Mar

50

,,

Jan

75'A Mar

Mai";

13

500

51'A

.

Mar

56'A

160

:

?

12% Mar

Apr

72

1,291

10%

-

11% Mar
43%

93

13%

10-

„

19% Feb

Jan

301
•

75%

58%

—

16%

2,013

173A Mar

20c : Jan

Mar

9%

490

38c

29%

2.20

•

common

8%

38c

1

:

& Elec

Pure Oil Co

8%

„1

(Un)

Pacific Finance Corp
Pacific

—1

Corp

Co

Co

a

Feb

16% Mar

Corp
Pennsylvania Power & Light
Pennsylvania RR

Jan

Jan

16

128'

11%

43%

43%.

50

Pennroad

Penn

Jan

3.25

11% Mar

230

17%.

18

5

—

Navigation

7

17%

1

—10

com-

Valley RR
(Glenn L)

*1.40
Northern

Jan

12%

31

7'A Mar

llc

154

18

7 14%

10 % Mai-

2,000
1,885

a

2.10 Mar

12% Mar

50

12'/a

10%

10%

(Un)—1

(Un)

a9%
.

11c

1

—

908

Jan

Feb

Pennsylvania Salt Mfg

Nash-Kelvinator Corp

150%

14'A

'

275

54'A

6%

_*

13%

com

new

52%

6%

1

Corp—

Lehigh

&

122

—L

25

—

a39% a39V2

25

__

preferred

27%

25

27%
a 28%

Jan

39% Mar

41

27%

Apr

29%

160

28 'A Mar

29%

Jan
Jan

380

a29

St. Louis Slock

Feb

6

27'%

Mar

4.48 %

preferred

25

27

26%

27'A

673

26% Mar

29

4.32%

preferred

25

24%

24 Va

25%

904

24%

Friday

26'A Mar

Jan

Last

STOCKS—

Sale Price

Exchange

Week's

Sales

Ran|;e

tor Week

of Prices

Shares

Range Since Jan. 1

"

Southern
Southern

Pacific

Company

Standard Brands Inc

Standard

Oil

Co

Standard Oil Co

of

Calif

Feb

American

Invest

17%

Jan

21'A

Jan

American

Tel

62

64%

2,285

56% Mar

67'A

a39% a40%

256

37%

Feb

41'A Mar

Bank

a67%

25

Browr.

Burkart

11%

5,535

11'A

Jan

18%

100

122
165

a63V8

a

a65

164
60

al5%

116

17%

28%

Feb

19%

Jan

10

Feb

Coca-Cola Bottling

Jan

Falstaff

Brew

64

10

Feb

11

Jan

General

Electric

14%

Feb

15%

Jan

General

Motors

21%

11%

3,084

12%

12'A

13%

1,250

7%

5

22%

7%

125

&21 a21%

250

20

Mar

1

United

Corp
States

Rubber

United

States

Steel

20%

Feb

10

Jan

10%

6%

25'A
12

Feb

7%

Mar

Jan

21

Huttig S

448

37

Feb

41 Va

31%

2,739

25%

Feb

31% Mar

Universal

(Un)

256

78%

Warner Bros Pictures Inc
(Un)
Air Lines Inc
Western Union Tel Co

Key common
Laclede-Christy

Feb

86

Feb

25'A Mar

Laclede

Gas

11'A

Feb

14

Mar

Laclede

Steel

3

1,350

2%

Jan

3

Mar

Willys-Overland Motors Inc
Woolworth (F W) Co (Un)
Zenda

Gold

For

Mining

footnotes

Co

see

page




6%
a

16'A

39

990

10%

11

l

*

358

1,043

HV2

7,080

6%

3,500

6
a

16'A al7%

130

23%

(Un)

1
10

!

44.

10c

23Va

470

Jan

6

6

1,200

a45'A a45%
3c

3c

84
•

1,000

-

common

Jan

28%

7

170

93*

Feb

Mar

27'A

Feb

24 V4
26 %

.

30%

Jan

40

29%

24%

24%

Feb

25%

Feb

219

23%

Feb

267'a Mar

37%

38'A

Feb

40'A

Jan

59

60

250

56%

Feb

62 5A

Feb

21

21%

485

19%

Jan

22%

Feb

11%

11%

150

11% Mai-

12'A

Feb

32'A

33

20

32 'A Mar

39%

37 3A

94

35'A

"

2%

200

2%

1%

\

-

* •

Feb

Missouri Portland Cement

Feb

North

35

Feb

41

Jan

Rice-Stix

Feb

11 'A Mar

6%

Jan

21

42%

42%

43

330

40%

8Va

8%

Jan

Feb

2% Mar

Jan

8

40

28

Jan

44'A

Mar

12% Mar

100

6%

1,740

5

Jan

25

30

Mar

16%

60

16%

17

18%

338

16

18

18%

225

15-%

*

23"%

23%

50

.50

5%

5'A

450

12%

6%

6%
31

31

16%

25

(Un)

common

class A__.

Mar

Jan

8% Mar
14

Mar

6% Mar
34

Jan

Feb

17'A

14% Mar

Feb

26'A

Jan

Jan

18'A

Apr

Jan

18% Mar

Feb

7%

Jan

Sterling Aluminum

47%

Jan
Jan

Wagner Electric common

23'A Mar

25'A

Feb

Jan

5%

Jan
Jan

4%

15

15

16%

50

15

Apr

19'A

38'A

38%

35

34%

Feb

39%

Jan

13%

13%

14

100

12%

Feb

15

Jan

Jan

5

~

38'A

common

14% Mar

22%

18%

10
;

St Louis Public Service

Scullin Steel

125

10

——

39%

com

27

' '

7'7%

American

27

12%

4

v '

27

20

common

Jan

Feb

•

*

common

38% Mar

5'A

Feb

9%

7

26%

24%

*
5

69%

9%

Jan

18%

7

—5

McQuay-Norris common

74%

31%

i

17"

*■

common

22%

38'A

_5

(Un)
Westinghouse Elec Corp (Un)

Shoe

75

72%

>;

29 '/a Mar

50

606

a39% a40%

10

Western

-i,

10

Jan

6

D common

2%

*>"'

Corp

Consolidated Oil Co

&

14

:

9%

10

(Un)

Brew

Preferred

»

Co

Feb

Mar

Jan

39'A

a26% a26%

(Un)

common
common

13%

5

9

150

Hydraulic Pressed Brick common-—_1

Feb

29%

a79% a82%

90

295

1

Hussman Refrig common

International

a79%

Jan

9%
17%

17

Jan

13% Mar

Feb

150%

Mar

39'A

_]

United

612

Feb

30%

1

common

common

Feb

-

Feb

17

1

common

30

54%

11'A

10

_

Industries

Clinton

Jan

11%

2

United Aircraft Corp (Un)
Air Lines Inc
(Un)__.

(Un)

common

Feb

49
58

Feb

16
143

9'A
29%

15

common

Mfg

50
332

10

Century Electric Co common

9%

Shoe

Griesedieck-Western

50

United

Jan

Jan

30'A

30%

(Un)

72%
21%

a 14%

Carbide & Carbon Corp (Un)__*
Oil of California
common
25
Co

Feb

16% Feb

3

High

1678

145% 146 %

16%
146

Low

High

1

65%

a52% a53%

a21%

RR

Bldg & Eqpt common—

Low

1

——100

348

alO'A alO'A

♦

Pacific

.'

common-

& Tel (Un)_

445

18%

a64

Par

Jan

19%

a29%

a52%

•

(Un)

49%

10%

10%

—

Century-Fox Film

41'A Mar

19%

50c

(Un)——
Corporation

■H:

a66% a77%

25

—

-

Jan

63%

.*—25

Transcontinental & Western Air—
Tri-Continental Corp (Un)

Union

37%

260

1

Tidewater Assoc Oil Co

Union

34% Mar

18%

1

Company (Un)
Texas
Gulf
Sulphur Co (Un)
Textron Incorporated common

Union

469

18%

937

1

25

Texas

Twentieth

35

_25

Sunray Oil Corp common
4% % preferred "B"
Swift & Co (Un)

Transamerica

43%

34%

•

(Un)___

Standard Oil Co (N J) "(Un)
Studebaker Corporation (Un)

Preferred

-

41%

*

(Un)

(Ind)

'•

•

*

Railway Company (Un)

,

24% Mar

2.50 Mar

665

9%•

*
.

Light com_

Fidelity '& Deposit,Co

Coal

8%

>

High

.

12% Mar

15

12

*50

Eastern Sugar Associates
Electric Storage Battery

Gimbel Brothers

2.50

11%

2'A

Lehigh

Va

A

Corp—

Corp
Chemical

Range Since Jan. 1
Low

12%
12

*

Delaware Power &

Martin

24%

High

100

preferred

Publishing

Davison

Shares

24'A

*

vtc

for Week
.

Low
24 %

•
13

Company

Feb

Co—-

Monogram Pictures Corp

100 '

preferred

partic

Budd

General

all'A al2%

1

6% Mar

Feb

8

28

6%

Jan

25%

295

1st

Bankers

Jan

Jan

5

25

8V2

9

& Tel

Baltimore Transit Co

5%

Sales

Range
of Prices

Far
—•

Baldwin Locomotive Works

10% Mar

56'A

v--

Arundel Corporation

Jan

40 Va

115

8%

American Tel

49% Mar

46 Va Mar

625

a24% a24%

31

Jan

2,005

a45 Va

Feb

8%

•

Manufacturing

Merchants

5,820

20

(Un)

Co

Feb

2*325

•

American Stores

Jan

7'Ac

29

—1

*

Biltraore Hotel Co
Los Angeles Investment Co
Los Angeles

Magnavox Co

29 Va

Jan

29

10c

(Un)

Inc

Feb

2c

a49% a50%

7

Aircraft Corp

Lockheed

Loew's

22%

3,000

Week's

Last

Sale Price

STOCKS—

Jan

1.40

10%

Friday
v.-\

Jan

11'A

Feb

13%

1

(Un)

Lincoln Petroleum Co

,

13

8%

1.30

4

Company

Libby McNeil & Libby

9 Va. Feb

51

12%

5

County Land Co

1

Jan

100

a46%

(Un)

Monday, April 4, 1949

Philadelphia-Baltimore Stock Exchange

Jan

4'A

520

....

1.30

1

—

Corp

10

118

Feb

13%

(Un)_—*

Corp

APRIL

High

Feb

2.90

4c

—15

Copper

12%

10

(Un)_°

(Un)

Co

Paper

International Tel

12%

1&0

254

1,000

4c

10

Corp

115

a25 % a26%

25c
33 %c

Independent Exploration Co
Intercoast

Low

2.95

10

100

(Un)

'

,

EXCHANGES
ENDED

Range Since Jan. 1

High

2.90

.

—

6.66%

——**

RR

Shares

' 114%

2.95

•

Co

Car

Inc

Central

Imperial Develop Co Ltd____

.

114%

1

A common

Development Co_

WEEK

for Week

of Prices

FOR

CHRONICLE

Sales

Last

Sale Price

FINANCIAL

STOCK

RANGE

STOCKS—

&

45% Mar
3c

Jan

-

4'Ac

Sears

Roebuck

Stix-Baer

&

&

Co (Un)

Fuller

common
common—,.

„1
—5

13%

13%

-15

37%

39

12% Mar

10
-

.;253

.

37% Mar

13% Mar
46

Jan

Volume

COMMERCIAL

THE

Number 4791

169

&

FINANCIAL

CHRONICLE

39

(1479)

OTHER STOCK EXCHANGES
for week

range

ended april 1

Friday

San Francisco Stock
Friday

Sales

Range

for Week

Sale Price

stocks—

Week's

Last

of Prices

Par

(Un)

Reduction Co

Air

Alleghany

&

(Un)

Foreign

9%

(Un)

Jan

3%

Jan

Matson

Feb

2%

Feb

McKesson &

7

Jan

10

Mar

1%

Jan

2

Mar

Men a sco

Feb

10

Mar

Mindanao

10

1,450
225

10

13 Va

265

49y2

7%

485

13'/4

Meier

j

Mfg

Co

Tel Co

American

Tel &

American

Viscose

Corp

Woolen

American

Anaconda

Co

(Un)—4
100 al46y4

Jan

m

Morrison-Knudsen

(Un)
(Un)

Copper Mining

14

232

53%

Feb

981

143%

Jan

149%

a53j/a a53%

100

59%

Feb

61%

Jan

637

29

Mar

37%

Feb

National

Auto

Distillers

29 %

30

Nash-Kelvinator

31%

32

522

31% Mar

34%

Jan

31

31%

682

28 %

Jan

31% Mar

Natomas

5

7%

7%

213

6%

Feb

100
.5
2.50
top
3

a92 Ve

a94

145

50

__

20

31

n

(111) (Un)
Atchison Top & Santa Fe (Un)
Atlas Corp
(Un)
Atlas Imperial Diesel Engine
Atok-Big Wedge Mining Co.
Avco Mfg Corp
(Un)
&

Armour

Co

Baldwin Locomotive

(Un)

Bank

California

of

Barnsdall
Bendix

Oil

(Un)

n a

(Un)_

Co

■

30c

2,300

6%

679

all% all%

50

9%

300

10 Vb

.296

•

305

34%

A-

a7%

a7%

4

Blair Holdings Corp

Boeing
'

Airplane
(Un)

(Un)

1

(Un)

Co

Eorden Co

Broadway
(

Bunker

5

42

32%

Central rr

22c

Jan

35c

Jan

19c

20c

2,000

17c

Feb

22c

Jan

57%

57%

329

52 Vb

Jan

20 %

20'%

450

19% Mar

21%

13

13%

400

127/8 Mar

15%

Jan

Jan

Sullivan

&

2.15

2.25

Amer

North

(Un)

7'/2

jFeb

Oahu

Jan
Mar

California

Ink

Calif

•

Pacific

California

Co

355

43%

Jan

Olaa

Oliver

Trading

-Canadian Pacific

Caterpillar

•

i

Corp

25

(Un)

Ry

Tractor

50

Sugar

Co

United

Chesapeake & Ohio Ry (Un)
Chicago Mil St Paul rr com
Preferred

(Un)

Cities Service Co (Un)

j

2.60

Can

3va

Columbia

Broadcast

Columbia

Gas System

(Un)

Solvents

(Un)

(Un)

24

Pac

Mar

Gas

40%

Feb

(Un)

New

6%

1st

6

Jan

7v2

Feb

46%

Jan

20c

Feb

$5

Portland

Public

500

35

5%%
■5%

25% Jan

36 lA

Jan

56

Apr

Pacific
1st

Feb

a25% a27%

255

1.50

4,050
310

6%

52 va

30 Vb

44%

285

42% Mar

45

409

25 y2

Jan

28

al8% al8%

20

22 y4

Jan

22 Va

Jan

11%

180

10%

Jan

11% Mar

11%

a

17'a

200

u%

11%

11%

a

17%

11%
17

100

Preferred
Curtis

:

Jan

17

Jan

Jan

26%

35

fels^r
Jkir

44 y2

Jan

4%

Feb

Publishing Co

42%

1,000

8%

Feb

7%

200

6%

Feb

74

a54% a54%
9%

9%

300

5

25%

26 Va

1,995

96%

96%

8'a

16

8%

Giorgio Fruit Corp
Class

b

common

class a

94

Jan

27'/a

Jan

6%

200

5%

Feb

7%

Jan

9%

9%

1,210

7'a

Jan

9%

Rayonier

Chemical co

Dow

9%

■

;

9%

—5

10

i

9%

4

4%

4%
25%

1

15

9 Vb

12 v2

12%

Feb

el

Works

Oil

Dorado

47%

14

Jan

2.05

2.65

Feb

2.30

1,200

28%

175

28% Mar

2.50

340

2.35 Mar

30

105

28%

Jan

30

13

385

12

Feb

13%

4>a

70

4

Feb

5

6

50

5

Jan

6 Vb

7

Jan

Jan
Jan

33

2.50 Mar
Jan
Jan
Jan

.

Feb

a8'/a

50

SVb

Feb

47/«

1,267

4% Mar

6

Jan

al9V8al9y8

50

18% Mar

19

Jan

30 Va

33%

4%-

•

31 y2

31

11,630

41,910

%

31 vb

31 Vb

33%

Feb

Si Mar

Feb

31% Mar

1,567

33%

Feb

35%

Jan

503

34'a

31

Jan

ivfeb
30%
30 y2

Feb

32%

Jan

28

Feb

29 Va

Jan
Jan

31

108

~

13

.8

Orpheum

52y2

" Jan

18 y2

809

15 y2

Feb

25%

25%
96 Va

250

24 >/2

Feb

95 Va

89

Feb

al4l

al41

1

135%

Jan

4

4 vs

115

3%

Feb

847

8%

Feb

10 y8 Mar

-2,078

16%

Feb

20

Jan

24 Vb

Feb

52
—
__

95 y2

__

9%

9%
17

lo'/e
18_\

17
21 \\

22%

765

20

2%

100

2

15

10%

17,;
UVz

42%

44>a

16

__

8%

1,375
422

13

17%

Jah

11% Mar
49 y2

Feb

15

Feb

Feb

Jan

2% Mar

Jan

52%

Mar

4%

42% Mar

;

40

14
14
a59 a60%

a59y2

96 Va mar

Mar

__

__

25% Mar
142

Jan

310

18% Mar

Mar

2%

__

%

177

Jan

Jan

58

Mar

-

161
60

6

.

'

6% Mar

Feb

Incorp

1,334

17y8

Feb

21%

Jan

150

25'/2

Feb

31

Jan

13

880

liy8

Feb

14%

a87/8
iv2

7% Alan

8%

4

12%
a8%
iv2

100

53

53

40

26vs

26Vb

102

26 Va Mar

28 y2

Jan

31%

32%

759

31% Mar

34%

Feb

5

5y8

1,700

(Un)

__

17'a

•

4

•
1

Realty

com

12%
' a87/8

1

common

25

Co

Cement

(Un)__!

Aeronautical

•

a36%

i

__

(Un)__4

28%
23%

„_1

6'/2,

4

Co

a

common

'■

11;
'

50

5

Jan

Jan
Feb

8

Mar

57

Jan

"'a7% Mar

5% Mar

Mar

187

23'a Mar

26%

Jan

135

35 y2. .Tan

36 Va

Feb

310

a23% a24%
a36% a36%
1634 16%
28'% 30Va
23% 23%
6ja
6va

a24

10

(un)_

Co—1
clas3

Co

__

—1

common

"b"

•

16% mar

19%

Jan

25

Jan

30 y2

Jan

21%

Feb

25 Vb

Jan

'

1,721
170
400

6% Mar

5% Mar

Safeway

Jan

San

Jan

Santa

Stores

Maurico

Inc___
Coment

Signal Oil & Gas Co cl a__

14%

Sinclair

Jan

13% Mar

re

i.

;

Corp

(Un)

40

38

586

19%

Jan

16%

Jan

6c

Feb

11c

Mar

30 "

Jan

32

Mar

.

Feb

39 Vb

34%

35

351

31

Feb

38 y2

25%

25%

300

20'a

Jan

25% mar

22 VB

23

1,116

19%

Feb

23%

Jan

15

Feb

17y8

Jan

38

22%

4

15

16

16%

123

27'a

26

27%

1,809

30 y4

(Un)

16

5

Socony-Vacuum Oil
Soundview Pulp Co

Jail

39

Feb

Oil

31%

15

•

Oil

970,500

i 11c;

'; '7C
31%

4

Sears, Roebuck & Co
Union

10c

p10
(Un)__50

18b

19'a

19%

5

Mining-—.—-.j-

Portland4"

Cruz

30%

608

34%

Jan
Jan

23% Mar

27y2 Mar'

Jan

Farnsworth

Co

Tele

_20

14

10

14

Mar

29%

Jan

30%

Jan

a25 V8 a25 Va

10

25

Feb

25%

Feb

1

—

14

25

/Ewa

a •

1 %

1 Va

1,911

1

Mar

7%

Jan

25

a27 a27

%,

30

26% Mar

29%

a23% a23%

105

24

Mar

28 y2

Jan

25

a28% a28%

50

28

Mar

29%

Jan

Feb

6%

Jan

25

a27% a27%

65

27%

Feb

28%

Jan

27% Mar

.25

34

35

387

34

Feb

35 %

Jan

Radio

&

Machinery & Chemical

Food
Foster

Kleiser

&

10

a23%

5%

5%

100

25

27

27

160

38

Preferred

38

.

General Electric Co

(Un)

General Foods

(Un)

Corp

General

Paint

Corp

5'a
27

Mar

36

Jan

46

41 y2

Jan

59%. 60%

1,100

56%

Feb

39%

Feb

a43 Vb a43%

4
10

General. Motors Corp

18

'

2%

common

13%

common

643

14%

510'

34 Va

34'A

17

33% Mar

34 Va Mar

42%

42%

43%

900

39%

Feb

49%

Jan

28%

a 28%

a29

253

26

Feb

27%

Jan

a9%

25

Jan

4%

Southern

16 Va

12% Mar

Feb
Jan

Sperry

Goodrich

(b

11%

.

Co

North

Greyhound

10

Feb

12%

a9%

50

__

*

Pacific Co,

1

Corp

a

58

Mar

62%

a

62%

62%

30,

43%

154

41%

Feb

2%

100

2ye

Feb

a

a

a—

39

40%

165

11%

1,270

10%

Feb

13%

13%

272

12 y2

Jan

13%

17%

17%

540

;16%. Feb

200

2.9(0 Mar

300

2.90 Mar

3% Mar

(Un)_

Corp

a__

a—

Stores

Bros

Inc

.Hawaiian Pineapple Co Ltd.,
Hobbs

Battery Co class b

—4

3%

3%

1

2.90

2.90

_1

(Un)-

5

Holly Development Co_—
.Holly Oil Co (trn)———„—'
,

i

'

A,:5A

400

4%

'>;;

Hupp Corp

,

■

4

.

:*

Idaho iPower

*

Co

Texas

Corp

1—

,

(Un)

&

Tel

com

400

10%

730

2%

100

1

.'

KOnnecotU- Conper

:v-:

30

Mar

53%

307

49

Feb

54%

Feb

25%

67

Feb

72%
20%

Jan

Jan
Mar

30

Jan

21%

23 Vb

1,312

20 Vb

11%

6,926

10

Jan

12

Jan

12'/a

13 Va

263

10%

Jan

13% Mar

4vs

Jan

5

Oil

Union

Sugar -i.i__i._i.
Aircraft Corp (Un)

Co .of

Mar
Jan

38%

39'A

820

37%

Feb

41%

29%

31%

1,484

25%

Feb

31% Mar

12'a

11%

•

Calif,

Union

common.

;

•

25

13%

Jan

p2

2x05

a

24 Va Mar

Jan

14% Mar

1
4

2'/2

Jan

73%

74%

10

38

38 va

2.50

2.50

;United. Corp of Del

45

3Cc

38 a38y2

3,000
65

~

;—1

.6

6 Va!

6%

"

1,255

Corp

——

(r g)

(Un)

——

Inc-

footnotes see page 44.




45%

46%

41

41%

10

32

32%

1

9%

9%

7

8 'A

1
■.*

20

____—

—5

2% Mar

Jap

13»a Mar
31%

Feb

Jan

10% Mar

Mar

45c

Jan

39%

Jan

Feb

9

' Jail

8%

626

55%

Jan

40

Feb

46%

Jan

200
-

45% Mar

484

"

31%

Feb

400..

Victor

Equipment

10%

Feb

8%

Jan

"

200

8''

Jan

21'A "

1,223

16%

Jan

21»a Mar

565

14%

Jan

16 y2 Mar

1

16% V

..

.-^—i

3

3

1,600

69%

Jan

78%

Jan

278

36

Feb

41

Jan.

"

1,600

2.05

Feb

1

8%

8%

230

8

Mar

20

co^

3% Mar

689
'

24%

24%

30

24

Mar

11%

11%

1,000

9%

Jan

275

276

60

272 y2

Feb

1.00

1.10

8,817

85c

Feb

7'a

4,766

2.65

9%

•

•

Jan.
Jan

"

Waialua

Liquidating Co
WTarner Bros Pictures, (Un)
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Westates

common

275

(Un)___1

1.10

6%

(Un)

Indies

5
100
1

Petroleum

.

(Un)—

Sugar'

6%

.Western Air Lines inc. (Un)__•
iWestern Dept Stores commonWestern Union. Telegraph (Un)__

—5

16%

al9%

1

6%

6%

15

Jan

Feb

15%

^

/Westinghouse

,Elec

iWillysrOverland
,iWoolworth
Yellow

Cab

Corp (Un);
Motors-iUn)

(f. w)

1.15

Jan

7%

Jan

15%

Feb

16 y2

Jan

22 y2

Jan

22%

Jan

5%

Feb

862

417

6%

Jan

13% Mar

€%
16

4

16%

16%

up

15

Feb

16% Mar

2338

23%

587

23

Feb

26%

Jan

7%

Co

Jan

:;•••

1

common—4———1

6

6

'

i

g%

6%"

209

5% Mar

150

6%'
neb

44%

Jan

100

a44% a45%

6%

Jan

47% Jan
7..

:i

f
Jan "
Jan

12y2

(u.n)—•—10

—

Jan"

50

a 19%

50c

11%
281

516-

16%

l

,West Coast Life Insur
West

•_

28

32% Mar

"

9l/2 Mar
'

16%

(Un)

Jan

37% Mar
6

—

Inc__

Universal Consolidated Oil

32 'a
-

28% Mar

8%

Air Linies

u s Steel Corp common.

•2.20

Feb

1,366

•).

United

10% Mar

Jan

7%

40c

Feb

10%

Jan

32%

39c

24

716

13

125

40c

110

14%

Feb

1.90 Jan

5,550,

10%

11% Mar

a27

13%

:United

3,347

9%

342

a25%'

Jap
Jan

13%

28% a29yB

11%

__5
—10

5%

r

;

Feb

66%

a 34%

'

Jan a

18%

8% Feb
2 v Feb.

'

Libby McNeill & Libby——
Lockheed' Aircraft Corp
:i
Loew's Ipc (Un)

For

16%

150

11'A

Feb

34%

a

kern" County Land Company
Leslie Salt co.

740

i2y2

"'

LeTourneau

502

30

11%

Feb

12%

a

(Un) _•

—

—

1.90

2.05

13%

(Un)—4

*JohhsrManvllle. Corp. (Un)—
'Kaiseti-Frazer, Corp —i—.:

•

Feb

69

19%

2

Preferred
4

Jan

5

Feb

4y8

'

Jan

67 %

Feb

10 Vb

•

1,375

2%

20

—

InternationakNickel, of Canada
International-Tel
4ixl Mining co

20%

19

.

—

25

(Un).

Company

52

100

?;

ioy2

1

Mines

54%

10% ,12%

♦

^independent; Exploration ——i_33%c

4%

53

53

_6%

_i

—

(Un)i__

\ Idaho.. Maryland.

-

•

4%

(Un)_—.x.*——20

Corp—i
Hudson Motor. Car Co-.
Oil

:;.'Hiint.Foods Inc

Jan

Feb

(Utah-Idaho Sugar Go common (Un)_.5

Honokaa Sugar- co
Honolulu

18

56%

—

.

'

t

130

2,846

9% Mar

53%

i

1ft

Hale

al9

9 Vb Mar

30

25

(Un)

(Un)

25

11% Mar

•

pfd

11%

4

non-cum

Studehaker

2% mar

3

Ry

Corp

Standard Oil Co of n j

—

Jan

44

a

63 Vb

64%

68%

*

18%

62%

al8V2

Feb

2%

4

•

Jan

80

43%

(Un)—

Goodyear Tire & Rubber (Un)
Graham-Paige Motors (Un)_
Great

1,140

60

100

—_—

f)

12%

58

Ltd common

preferred

Jan

42 y8 Mar

62%

,

2

Golden State Co

I

Jan

51
18

58

6v2
17%
30y8

(Un)

&

Feb
Feb

104

49 y8 Mar

6%
17%
30y8

(Un)

10%

%

101 y2 Mar

__

__100

America

Republic Steel Corp

>48% Mar

12 % Mar

10
458

27%

52 j/2
a 102% al02'/2

p100

(Un)

47% Mar

33

54

25

Feb

491

a27% a27%

50

Co__

47

1,600

28%

Feb

__33y3c

.42 Va

375

34

Feb

50'a

1

993

13%

34

1

27%

(Uni__l

(Un)

Rheeni "Manufacturing
.Richfield Oil
Corp

Jan

6

28%

:: Feb

390

760

4

(Un)

common

Petroleum

Riverside

75 70

! 52

*

common

249

.

11%

5

(Un)

;

10%

4

Co

Co

—

Plantation

46%

*

—_ _

Electric Bond & Share

Emporium Capwell
Eureka Corp Ltd

;

10

(Un)

(Un)

Reynolds Tobacco

Shell

Eastman Kodak Co of n j

?

9% Mar

20

.

Jan

4% Mar

25% Mar

Airways

'528

48%

48%

i

300

1,249

25%

common--—

i 9% Feb

700

1,432

4%

25%

—

Jan

10

27 %

4

Preferred

Feb

lUni——4

Dominguez Oil Fields Co

Jan

60

52 Va

100

(Un)

Equipment

Republic

Jan

97

Mar

6 %

com—5

„—

Dpe^nbecher Mfg Co £

11%

Feb

27%

4

Pictures

Keith

Ryan
Di

Mar

41

—

4

Preferred

Jan

4

(Un)

10

480

6

—

10

com

Companies

Co

Railway

9% Mar

Feb

.

(Un)

common

com

Corp of

Radio

54% mar

Jan

23 Vb

Oil

Radio

11% Mar
-

54'% Mar

2

1
96%

43%

Jan

11%

7%

5

_

200

48

.4

Utah Consolidated Mines

Pure

23% Mar

21% Mar

1

(Un)

Cuitiss-Wright Corp

a43 a43 %

4y8

10%

11%

1

*

11 vs

a27%

4
Cement

Puget Sound Pulp & Timber

Jan

:

-

Mar

i"

Phillips Petroleum Co cap
,•
Pig'n Whistle conv prior pfd——7.50

Jan

2%

25%

(Un)

18

25

—

common

Phelps Dodge Corp (Un)
Philippine Long Dist Tel

3% Mar

438

l

-

Pennsylvania rr Co
Pepsi Cola Co (Up)

Jan

14

Apr

250

of Amer Inp
Corp common

Feb

25

Tel

American

Park

Feb

3%

Crown Zellerbach

17%

4'a

100

Paramount

Jan

26%

(Un)_15

(Del)

Pan

Jan

26

410

Co

Feb

44%

23%

i

187

31'a

25

Service

&

Tel

Paraffine

Jan

57 Va

26%

com—1

18

Apr

12 %

—

25

1st pfd'

Packard Motor Co

Jan

32%

51%

22%

Oil

8v8

Feb

578

26.

_l

Preferred

Jan

53%

•

Continental

34 y2

3%

Co

Jan

30

__

preferred

Pacific

Jan

52 %

50

Gas

25

Jan

1.80

Feb

6

110

6%

Jan
Mar

30 v2

Feb

31% Mar

150

a24% a24%

58

25% Mar
95c

183

Creameries

14%

Mar

26%

Aircraft

11

88%

•_=

preferred

Feb

12

37

(Unl

Jan

Feb

2.35

ji.

^^10

Lighting Corp

Feb

54

1.30

redeemable

Pacific

30

50

a3%

Natural

12%

9>/b

6

1st preferred

Pacific

158

12% al2%

57%

37

Vultee

Mar

57%

a

a3%

Motors

—15

1st preferred

52%

68

♦

'

.,

10c

■v>- 280

56

5

Consolidated

10% Mar

495

Jan

44

Consolidated chemical Ind class a

Consolidated

10% Mar

112

11

2.20

—

iUn)_—

preferred

70

Consolidated Coppermines

Continental

2,040

12

—__ ______

i

w

Jan

•

(Un)

11'A

11'a

28%

__

common.

Electric

&

common

: Mar

25

Consolidated Edison Co of n y

19'A Mar

30

20

—

Rights

Jan

Corp

950

>

a31% a32%

4

Commonwealth & Southern
Commonwealth Edison

11

Feb

9%

5

9

35

*

—4

Feb

11

'

Aggregates.—-.,5

22

15c

1.50

2%

a

common

Packers

River

Commercial

System cl

9%
17 y2

46

__

4

Co

Mar

55

10

_

a

Plantation

Pacific Finance

Jan

50 y2

Feb

250

Feb

10

Feb

class

Co' (Un)—

Mar

10c

4

Clorox Chemical Co

Columbia

__

a.27%

2.50

Jan

18

2.20

4

Sugar

Mar

21

__

100

Chrysler Corp

57% Mar

10%

'

——20

b

Onomea

9

45 %

> 56

25

(Un)

Jan

976

46

1

Filters

23

7'a

10c

57%

1

2.10

11

__

_4
(Un).._

18

7

>

•

of America
Mining Co

Central Eureka

Jan

24

1.50 Mar

19'a

__

100

common

cap

200

45%

4

Co

Mar

—

11%

—20

200

1

a26% a26%

7>a

*

Packing Corp common

Preferred

Celanese

(Un)

common

•23

tt

___

•

4

,

100

6,540

■

10%

__

(Un)—10

Co

Oil

Class

Feb

34% Mar

Jan

Mar

11%

1

(Un)

Pacific

40%

9

4

Co

23

2.10

'

10%

11'a

4

Ltd

Jan

47

18%

-

a__

.

18%

__

10

Jan

2iye

50

10%

4
(Un)

Cons

14 Va

161

„

4

i Ohio Oil Co (Un)

Jan

10%

1.95 Mar

2,314

(Un)

Co

Sugar

Oceanic
11

Feb

„

5
1

Oil

33%

155

9

*

Cement

__

■i,

75

'

.

Mar

5%
Calaveras

•

(Un)

Prod

Invest

Feb

a40

a39 %

18%

»Byron Jackson Co

—

10

(Un)

American

7% Mar

a46% a47%

_10

(Un)

__

1

North American Co common

Paauhau Sugar

30%

3,742

2%

Department. Store

Hill

16% Mar

6,600

American Aviation

North

9 VB mar

715

9%

y

32c

mar

32%

25

-

a25 % a25 %

a46%

Feb

27c

North

Mar

Mar

295%

320

8

2.25

5
15

:

_

Borg-Warner Corp (uri)

Feb

23

Jan

Pacific Coast
>

Jan

9%
11%

25c

Fibres

6

9>a Mar

72

32%
8%

2

11

20

34%

33%c

6y8

300

a43 % a44%

5

Bishop Oil Co

11

100

1,012

1.75

(Un)

Corp

20% Mar

4%vjeb
27c ^.pr

6%

5

Corp (Un)
Bendix Home Appliances
Bethlehem Steel (Un)

••

-27c

102

20"% Mar

900

28c

100

Aviation

81

6

'

100

Jan

26c

Jan

7%

Jan

102

57/8

a21% a23%

a23%

13

Baltimore & Ohio rr com

23%

Mar

2.00

a33% a333i

„

10

Company

__

48 % Mar

National

(Unl

Jan

22

Jan

*

National Bank

Anglo California

16

Feb

18

p10

co

49 y2

al45%al46%

__

(Un)_

10'/2

31

11'a Mar

Mines

Montgomery Ward & Co
American Smelting & Refining

10'/2

__

30 '/2 Mar

105

22

15 V»

__

u

High

15
811

18

Inc

Lode

Cons

m

&

22

.22

4

Low

(Un)

Co

Mother

m

__

Range Since Jan. 1

High

.1

Frank

&

&

Robbins Inc

Shares

a31% a31%
11 %
12 v8

„

1

—

lUn)

Co

Navigation

14y8

13 Va Mar

l)

(Glenn

Co

Feb

2"%
2 va

.■v>2

10

Martin

20% Mar

20%

2

•

Marchant

700

375

-

9'/a

4

(Un)

High

—

1,000

3%
2%

(un)-...0

Stan San

Radiator &

3

2%

1

Power

American Power & Light
Amer

20%

3%

1

American Airlines Inc
American

10

(Un)

Corp

Low

Magna vox

Loio

—4
1
5

(r h> common—.
Co
Calculating Machine

Co

Macy &

Range Since Jan. 1

High

20%

*

Min Co

Alaska Juneau Gold

for Week

of Prices

Par

Shares

Low

Sales

Range

Sale Price

stocks—

Week's

Last

Exchange

Feb

40

(1480)

COMMERCIAL

THE

CANADIAN
RANGE

&

FINANCIAL

LISTED

FOR

WEEK

CHRONICLE

Monday, April 4, 1949

MARKETS

ENDED

APRIL

1

&

;!'V;!!

,

Montreal Stock

Friday

Exchange

STOCKS—

Canadian Fund*

Week's

Last

STOCKS—
Par

Abltibl Power & Paper common

•

15%

$1.50 preferred
20
Acadia-Atlantic Sugar class A_———*
Algoma Steel
•

19Va

Aluminium Ltd

Asbestos

Bell

Power

&

Brazilian

Trac

Amer

Paper

class

B

Com

cl

63

Feb

26%

100 /
.•

8

150

20

3,518

a 13

a 13

10

22%

22/2

1,390

a24% a24%

15

3

common

Feb

?4 5/„

jan

Feb

25%

Jan

2,700

2%

Feb

Jan
Jan

29%

492

27% Mar

33

Jan

15%

15%

300

15%

Apr

15%

Jan

23%

24

580

23%

Feb

26%

Jan

28%

28%

955

20

22

225

9%

10

35

Jan

10

a97

a97
13%

10

98

Jan

98

Jan

208

13

Mar

14%

Jan

13%
36

~

36%

20%

20%

22%
100

2

30

Feb

Feb

22'A

Jan

9%

295

100

Jan

19%

2,929

22

28%

,

110

Mar

37%

Feb

19

Jan

20%

Jan

20% Mar

23 %

Jan

100

Feb

13

410

12%

15%

16

300

22

2,700

37%

38

21 %

21%

37

Feb

39

125

21%

Feb

22 % Mar

11

11

25

11

13%

50

13% Mar
46

46

46

53

27'A

815

10%

13%

Jan

420

10

10

13

Feb

13%

Feb

47%

Feb

Jan

27 %

Feb

9% Mar

375

34

Mar

Jan

Mar

11%

Jan

Mar

11%

Jan

Feb

36%

Jan

26%

483

32

;

3,065

9

28%

13 %

13%

175

15

Feb

14

14

14 %

3,910

13% Mar

17 %

13%

290

12% Mar

14%

Jan

96% Mar

122%

5

97%

*
—

A—__
*

14

12%

Jan

97 %

98%

2,240

22

23

162

20

Feb

30

Jan

22%

22%

110

22

Feb

23

8%

200

157/8

16%

3,043

15% Mar

18%

34%

35

930

31 %

Jan

35

common—a:

20

20%

275

20

Jan

21

8

200

38%

38%

225

*

Dominion Steel & Coal class B
Dominion Stores Ltd

Xl v'*.0.'

<te Chemical common

Voting trust certificates

25

.♦

16

15%

•

26

*

26%

Corp

——

&

Heating Prod
Estabrooks (T H) 4.16%

1,856

23

24%

26%

11%}

Provincial

16%

380

15% Mai-

19 y4

Jan

37

746

36% Mar

42%

Jan

*

Jan

14

*

14%

405

13

Mar

53

55%

1,641

48

Feb

60

97

97

185

96

Feb

97/

11

51

16%

16 J/2

465

7

;

common

14

54

11

Ltd

7%

360

103

103

200

Transport
•

16'A

Jan

16 J/2

Jan
Mar

10% Mar

11%

Feb

16

Jan

17%

Jan

0'/2 Mar

91/2

•

■

Saguenay,-Power 4'A%
St Lawrence Corp
1st
preferred

pfd

.

100

_

common.

Paper
preferred

.100
7% pfd
preferred— —99

1st

Jan

Series
Sherwin

7%

4%

A

Williams

of

Voting

Canada

Simpsons
4 % °/o

&

class

5%

7%

of

Viau

5%

430

39% Mar

42

J/2

Jan

23

Feb

24 J/2

Jan

46%

Feb

48%

Jan

240

20

Mar

25

Jan

142

46

140

Jan

144

Jan

17

1,150

16%

16%

17

155

16

a98% a98%

5

100

Mar

27

50

Jan

Feb

17

Jan

100

Feb

30

Jan

a__

90

17'A

Feb

27

60

17

19

18

18%

18%

440

a__

Feb.-,

17 %

—

20

Feb

Jan

6%

6%

83

81

83%

1,195

78'A Mar

83% Mar

83

80%

83

520

80% Mar

85%

Feb

14%

15

160

14>

Mar

16'A

Feb

6%

6'A

6%

280

6

'/a Mar

7%

Jan

—%'2

24

Jan

14%

15

25%

25 J/2

26%

1,590

21

21

21

100

21

*Apr,'

23%

Feb.

18% al8'/2

10

18

Mar

19

Jan

31 'A

685

27

Feb

34%

Jan

»
__

_

_

0

—

24

'*
«

Electric

a
•

common

preferred

30.

30

100

Limited

Jan

26

16%

Feb

Join

a98

20

.98

Jan

100

Feb

401/a

285

39

Feb

43

Jan

25 y2

25

25%

Feb

25%

Jan

28

160

27% Mar

28%

Jan

Jan

27%

Banks—

Canadienne

10

19%

20

330

19% Mar

20%

10

23%

23%

23%

221

22'/2

Feb

24

,—10

25%

25% !

26

782

25'A

Feb

26'/2

Jan

36

Jan

-

Commerce
Montreal—.:
Scotia

Nova

10

34%

34%

35

435

Royal

10

25%

25'A

25%

1,597

Toronto

10

36

36

33

1949

50

50

$20,000

34

Mar

25

Jan

35%

Feb

50

,

Jan

Jan

25% Mai%

37

Fab

50

Jan

BONDS—

Montreal
s'^

Light Heat

&

Power¬

notes

Feb

21% Mar

24

Friday

% Mar

45

1.00

1.00

16%

16

16%

160

12%

12%

12%

295

15%

15%

40

100

13

Week's

Sales

Range

for Week

Sale Price

STOCKS—

Jan

26

25

21%

Jan

Jan

26% Mar

20% lyiar
10%
95

Feb
Mar

1.00 Mar

16

.11%
14%

19

Funds

Mt

Last

21%

930

al9

Canadian

38 % Mar

of Prices

ft'
Jan

3,225

95

al9

35%

Montreal Curb Market
ifr-Ccy--.

21%

Jan

12

Jan

95

:

Mar

1.00 Mar

Feb

17

Jan

Feb

14 %

Jan

Jan

Feb

15 % Mar

19% Mar

Famous Players Canada
Corp—
Foundation Co of Canada

•

14%

14%

14%

335

14

Feb

*

15%

25%

25%

26%

95

24

Jan

27

Jan

*

23%

Feb

28'A

Jan

97% Mar

98 %

Jan

Works

Glove

Atlas

Steels

Auto

Fabrics

Class

A

& Hosiery

25

a4'/2

—

4%
a4%

Distillers

&

A

Ltd

of

10

10%

Feb

15

Mar

12%

a.._

290

•

1

High

Jan

a._

Jail
—

4% Mar

Feb

4%

56

5%
6%

Jan

Feb

of Can—
9%

9'A

35

i.oo

1.00

200

all

all

20

15

15

...'11

11

„

class

Ltd

a

4%

»

-

—

Millen

Brandram-Henderson
Brewers

Co

B__

645

10

4%

_——

class

Paper

11%

*

Common
&

&

3,401

a9%

' "

v

a

15

11%

*

pfd—

1

Belgium Glove
Brand

cl

Range Since Jan. 1
Low

High

11%

11%

_

Products

Power

11%

•

Ltd

B

Bathurst

Low

*

Ltd

Shares

,-

_

—-

#

—.1——

—1

"5

Vancouver

9

Mar

50c

Jan

12

Feb

14

645

14%

Jan

15

Jan

130

11

Feb

12%

Jan

Jan

11
1.15

Jan

Jan

Jan

Fraser Co

Par

Acme

common

4%% red preferred

Gatineau
5%%
5 ",'o

Power

100
•

preferred

preferred

♦

of

Canada

Power

the

14

15

210

14

Feb

15%

16

410

14%

Feb

8%

Feb

45

95

46%

1,990

18%

18

13%

13%

__

__

22'A

*
—

20

Bros

Mailman

Corp Ltd commonMassey-Harris
McColl-Frontenac Oil—

Mines

1%

Jan

46 %

Jan

16%

Feb

19% -Jan

13% Mar

14 y8

24%

Jan

25 % Mar

6%

Jan

21%
6%

22%

780

19%

Feb

6% Mar
20

Jan

7%

Jan

8%

Canadian

Gen

Canadian

Inter

Jan
Jan

5%




93% Mar

103

Jan

460

46%

95
10

a__

30

7

Feb

12% Mar

18%

Feb

23

42%

Feb

Jan
Jan

50
a

___

_

13%

131%

25

30

31

135

30

a215

a215

2

a—

16 y2

16%

170

15'A Mar

17 y8

19%

20%

1,466

__

•
•

11

7

♦

_

Ltd—

25

21

7

•

fctd

12%

__

50

Co

Pr

&

20'A
V

12'A

Feb

8%

Jan

Feb

.13%

Jan

Mar

32

19% Mar
76

Mar

81

23

3

Jan

7

100

Feb

Jan

22

15

a3

a

Jan

a

78

•

a78

--

—

Canadian

Silk

53%
13%

54

65

50

Feb

59%

Jan

Canadian

Vickex-s

14

625

13%

Feb

15%

Jan

__

Inv

!

com_
—

-

100

a95

1.70

1.75

500

Jan'
:

1.50

159

3%

1.70 Mar

1.50

1.75

1.25 Mar

•

Ltd

a3

a95

„!

Company

Paper

Jan

Ltd

Trust

_

Marconi

Jan

*

•
*

44.

143

Jan

com

-

Feb
Feb

101
1.00
2

Jan

Jan

Jan

53%
13%

5%

preferred.

7%

•

Ltd

class

Az—

_—

Co

__

15%

45

19%

Feb

23

Jan

Canadian Westinghouse Co Ltd^

23%

55

23% Mar

29

Jan

Cassidy's Limited

15

16%

Feb

19%

Jan

Jan

15%

—

__

15%
13

al8

15%

140

14%
13

7%

360

9%

100

7

7

200

6% Mar

Jan

Chateau-Gai Wines

16% Mar

19%

Jan

Claude- Neon

17%

Feb

22%

Jan

Preferred'

12%

Feb

15

Jan

17

Feb

20

16%

25

20%

20'%

1,300

12%

13%

3,693

19%

20

75

34

160

22

22"%

4,605

30

30'A

165

-a20%a20%

Mar

•

22

9 % Mar

15

9%

Feb

Catelli

Jan

Chatco

37%

38%

822

41

41

50

20%
a22

Food

—

11

Jan

24

63%

Feb

84

Mar

Feb

161

Mar

79%

100

161

235

3%

2,575

-

—

11%

52

52

137
3 J/4

so

11%

12

125

:

100

114

a

Feb

Jan

-

Fdb

3% Mar

33

Feb

7'A

35 'A

Jan

19 Vt

Jan

23%

Jan

40

Jan

21%

Feb

23

Consol

Div

Feb

23%

Jan

a22

5

21

Jan

23

Feb

Donnacona

Feb
Mar

Dominion

55

1,979

51 % Mar

59

Jan

Eastern

21%

890

20

Feb

23

Jan

Fanny

172

21

21%

335

_

2

10

100

Ltd

Alcohol

Standard

•

•

Feb

Feb

116

Mar

30

Feb

15
;

class

100

2,300

a75

5

3%

4

800

6

1,050

9

40'c

40c

common..

Sec

9

40c

a75

9

.

com.

.100

Limitee

A_.

"

'
—

—

*

35c'

•

Ltd

class

Engineering

Dominion

21'A

2

__

_

Adv Ltd

;

Woollens
Paper

Steel

Co

35c

,

Jan

10

Mar

34

Mar

•

Jan

J5

Jan

11

V-

Jan

9

Jan

25c

Jan

54

Jan

100

Jan

3% Mar

6

Jan

6.

7%

Jan

35c

349

Jan

173

Jan

Candy Shops
Fleet Manufacturing Ltd

42%

Jan

45

Apr

Ford

20%

Jan

22

Jan

Foreign

Co

Power

of

Sec

6%

red

5,150

9%
-

Max-

Jan

60c

Feb
Jan

25

15'A

Mar;

1534

Fetf

Jan

35c
•

-16

Jan

18

Jan

29% Mar

31% Mar

42

43%

50

42

Feb

48

38

38

275

38

Jan

40

12%

12%

65

20

20

2,010

6%

6%

250

a35% a35%

♦

20

35% Mar

36%

-

Jan
Mar

12% Mar

13%

Jan

19%

Jan

20%

Jan

6% Mai-

7%

Jan

-

'

20

Inc__.—1
•

1.70

•

pfd—..100

29%

.

'

—

38

»

Canada class A_.

40

18

29%
—

•

Ltd

15 »/s

17%

•
♦

_

Ltd

Products

Farmer

Motor

Ltd_.

Worsteds

&

18

-50

A

Works

Dominion Oilcloth & Linoleum

54'A

770

Ltd

General

& Frere

20

45

al5

-

12

Jan

850

172

a32

al5

-

'

"

52

Feb

114

'".i: 24

a32

10

"v':

*

15 y#

42

172

/ A/Aii'

—15

Feb

10%

5

•

Consolidated Paper Corp

38%

43%

—

Jan

28

Jan

45

common.

•

6

Commercial

34% Mar

172

common

Ltd

all4

50

"

40

21

*

Ltd

Products

Steel Products

21%

21%

Feb

22%

3%

3%

_#

preferred

David

—

10%

50

A

77

Mar

16%

33%

38

23

160

'

161

1-1

„—

preferred —_—:

13%,.

v-

„

common

9%

22%

21

23

Apr

al8

5%

20%

'■Aw-—

—2

a20

23%

-

•

100

_

20

alD'/z alOl/a

~

*,
»

common

preferred

al9%

*

*

—-

Products

Canadian Western Lumber

al9%

100

page

Rand

Inv

preferred

Canadian

54%

see

Electric

Ingersol

12%

25

com

93%

al5'/2 al5%

—

Canadian Industries common

Canadian

36

•

Ottawa Electric Rwys__
Ottawa Light, Heat & Power

Jan

46 y2

5

Ltd—

Co

Investments

58

*

common

Feb

4

12%

-

...

General

Feb

100

common

106

20 y2

—

21

*

Ltd

Fairbanks-Morse

Feb

*

.

Feb

3'A Mar

100

Feb

22% Mar
22

Vinegars

Canadian

Canadian

200

55

Jan

35

3,739

■

__

Jan

56%

Feb

Ltd

footnotes

30 %

Apr

44 %

9

*

preferred

For

Canada

Mar

44% Mar

#

B_

Co Ltd common

31%

—

:

Mills

Canada Starch

48%

—

Car Corp

Flour

Jan

810

240

6%

100

3%

931/2

*

class

Ltd

960

•

Tramways

Ogilvie

Packers

7%

6%

5% Mar

100

3%

-f—

♦

Malting Co Ltd

Canada

4,821

*

Niagara Wire Weaving
Noranda

Canada

25 Vs

20%

150

51/2

'

3%

1

Ltd

Sugar

Jan

25

;'

Co

Dominion

Jan

7%

20

Hosiery
&

2,129

-»

Mitchell

Steel

9%

Canada

9%

—

Breweries
preferred

17

Butterfly

32%

__

7%

/T5/

Jan

53%

*

National

27

2%

9%

*

Class B

National

1,330

5%

♦

III
100

31%
51%

•

;

Export class A

Co

If

com

.

9%

3

Ltd

Paint

6,075

Preferred

32%

__

Montreal

18%

*

*

Pulp & Paper
common-

51%

__

Murphy

1,115

A_

B

Columbia

*

_*

Secord A—;

Lewis

class

Company

15

*

(John A)__

(Robt)
Molson Breweries Ltd
Montreal Locomotive

Class

Packers

British

•

5

common

Laura

MacMlllan

30

635

28

*

Woods

Columbia

Jan

16

45

•

Corp

(John) Ltd

of

British

Canadian

of

Paper common
Petroleum Co Ltd

Lang & Sons Ltd

Feb

110

Jan

14%

44%

•

106

Jan

300

29

£1

Jan

109%

15

2'A

9

Jan

104%

110

8%

17%

A:'2:

110

45%

25

Utilities

200

16% Mar

2%

44%

25

Nickel

126

17

•

Canada common_5

preferred

17%

105 105%

50

•

Indust Acceptance
Corp common
International Bronze common

Lake

__

__

preferred

Labatt

17%

*

preferred

International.
International
International
International
International

70

*

•

$2.00 preferred
Hudson Bay
Mining & Smelting

6%

1,984

97%

__

*

Gypsum Lime & Alabastine
Hamilton Bridge
Howard Smith Paper
common

6%

27

97%

100

—

—

4%

26

97%

100

General Bakeries Ltd
General Steel Wares common

Imperial Oil Ltd
Imperial Tobacco

26

Brown

common

~

.

..

1.70

1.70

1,650

211/4

21%

557

a4

a4

32

'

Jan

28'/2

!

Jan

14'A Mar

40

25

.

7%

,

25'A

.185

■

Janv

a98

25
__

6

25 %

•

common

preferred

725

.

24

<1

•

(

18% Mar

.6%

*

common

s

preferred

27

19

•

15% Mar

a97 a97%

a97%

•

common

6%

1,182
4,055

20'A

—25

Corp

5%

42'/a

20

common

Ltd

Zellers

Jan

142

Cotton

Winnipeg

Mar

86

16%

i.

Walker Gooderham & Worts—
Weston (George) common
1
Wusils

145

Mar

17

_____

Biscuit

Wabasso

Feb

80

24%

j.

Power

Store
Steel

140

255

46%

*

Co

preferred

Thrift

21

81

24'A

j*

Canada

United

41

Jan

145
:

142

100

Canada

Co

Jan

14%

46 '/a

24%

100

A

Standard Chemical
Steel

Jan

22 J/s

*

J
pfd!

■„

Sons

Southam Press

10

Feb

•

preferred

Southern

Feb

12% Mar

*>

com

common

trust

(Hi

7

19

90

100

Breweries

Simon

55
175

80

50

_

preferred

Sicks

8

12%

41%

*

corn-

preferred

Mar

20 J/2

145

....1

_

Shawinigan Water & Power

102

7%

80

_

Jan

12%

12'A

_

OO

20 J/4

•

1

_

Lawrence
2nd

7%

49

preferred

St Lawrence Flour Mills
St

103

*

__

2nd

8% Mar

17%

1

pfd—_25

Mar

15% Mar

20
*

8*

750

21

11
95

*

16

36%

8% Mar

250

26%

25
21

11%

preferred__100

East Kootenay Power
Eddy Paper Co class A preferred

16%

23

23%
common

8% Mar

:■

•

0

*

Red preferred

Donnacona Paper 4 %%

Canada
Co

Feb

8

'

*'"*•;

&

Jan

20'A

0

(

Bros

Jan

35

25

Dominion Coal 6%
preferred
Dominion Dairies common

8 'A

157/b

"

i—

63

Jan

Jan

*

Distillers Seagrams
Dominion Bridge

41% Mar

Jan

97

Price

Jan

—13%

25

Cockshutt. Plow
Consolidated Mining &
Smelting
Consumers Glass
■:

17

22% Mar

9%

——•

Jan

Feb

27'A

10

14%

Feb

19%

—

—

Jan

105

15% Mar

21 Yr

Apr

35

12%

9%

}•;

•

Canadian Oil Companies
Canadian Pacific Railway

Jan

3%

—

•

Canadian Locomotive-

3

26%

—

*

25

Class B

Class B

22

24%

13%

,

Mar

Feb

21%

20

_____

class

13% Mar

Feb

—.

6% preferred
Canadian Ind Alcohol class A

Feb

20

Jan

2%

__

25

;:

9.40

Feb

12

24%

—

—25

Canadian Converters class A
pfd

Mar

8

18%

195

—

•

i..

A

27/s

20%

20

series

Enamel

8

19%

36%

•

common..

Dominion Textile

Jan

22%

Canadian Car & Foundry common
Class A

Glass

Jan

41%

176

—

100

Co .Ltd

23

Jan

2%

13 V2

*

preferred

Leather

Feb

25%

10

common

Cottons

19%
38%

2%

—

50

B

825

7,832

24

10

Safeway Ltd 4%% pfd
Steamship common

series

20%

41%

25'A

28%

L*

5% preferred
Canadian Breweries

Canadian Celanese

19%40'A

29

*

common

Jan

15'A

20

Corp——

Power

Mar

—

5

common

Canadian Bronze

25%

ir-*

;

Jan

76

Feb

—

Jan

62

Mar

23

*

Canada

Electrolux

9

6%

10

A—•

i
—

Dredging

Dominion Tar

Feb

515

•

Power Corp of

Quebec Power

72

—

37

28

16%

Rolland Paper common

24

22%

1.045

a63

36%

•

Co

Jan

23

•

River

High

41%

Development

Powell

Jan

72

19%

Range Since Jan.
Low

41
a62

__—

61%

24

—

North

Dominion

53

25%

72

20

Shares

a62

*

common

26%

8

__

Canada

s

Jan

56

5% Mar

41'A

Placer

Ltd

Jan

515

*

High

*

Mar

315

common

Canada Iron Foundries

Davis

Feb

45

6 A

0

preferred

Canadian

1,030

°/2

—

--

*

-.

Canada Cement

Class

49

8 /2

Co

Power

$1.75

47%

Prices

_

Jan

5 /«*

A

Columbia

$1.00

Jan

24 %

253

Power

Note

Oil

Building Products

5%

Jan

20%

Jan

1,873

Forest Products

Canada

17'/a

Feb

21%

100

Columbia

$1.30

Feb

19

V 70

26

25

Bulolo Gold

14

1,540

55 /2

Limited

Light &

Bank

American

Class

2,427

19 A
22 A

25%

*

Preferred

British

15%

19/4

53 /2

25

Mines

British

High

22 A

26

*
—

Telephone

British

Range Since Jan. 1
Low

•

Bralorne
British

Shares

tiigh

54 A

Corp

Bathurst

-

15%

Penmans

*

pfd_

Amalgamated Electric Corp
Argus Corp Ltd common
4%%
preferred

~

01

Low

Par

■!".

■■

•

.

Page-Hersey Tubes

25

—

Aluminum Co of Can 4%

of Price#

Low

Sales
for Week

Banga

Sale Price

•

for Week

Range

Sale Price

Sales

$

'

v

Friday

Week's

Last

1.70 Mar

20%
a__

Feb

2%
26
a__

Feb
Jan
Jan
—

•

«

THE

Number 4791

169

Volume

&

COMMERCIAL

CANADIAN
RANGE

Friday

Week's

I'/v.;
Class

A

Halifax

preferred

In'ter-City Baking

Co

(Alfred»

14%

393/4

393,4

25

8

8 %

65

75

75

14

14

8

8

*

MacLaren

of

Power

8

Ottawa..—
1

(Walter

Ltd

Co

Lowney

,

____'100

Inc_

Lambert

ivij

8

*

14 V2

Canada

Minnesota
Mbntreal

1st

4%
Ltd

preferred

Mount

Paper

Lt

Mills

&

Pr

75

18

26 3/e

395

6

Jan

2

96

FeD

12

56

10

90c

1.05

1.423

5

18 Va

18 Va

19 'A

970

28

28

30

com

30

a29 Va a29 Va

*

26 Va

51

rights

a9

*

a8

45c

3/4

a9

82c

6,397

ale

20

6

6

18'/a

15

C part 2nd preferred—
50
Pulp & Paper 7 7c red pfd__100
Quebec Tel Corp class A
_•
**

a53

a53

20

22 Va

21'/a

Bridge

Ltd—

Co

Canada

__w.'1'.

—

Pr

6%

Co

Ltd

Invest

pfd

Paving & Materials Ltd
Corporations class B,

Securities

Ltd

Products

Ltd

Western

Wilson

Ltd

Windsor

*

Hotel

Ltd

Feb

73'A

Jan

27'A

Feb

Feb

93/4

,8% Mar
45c

90c

Apr

a__

Jan

5

7

Mar

52

2,045

17

al8

al8

11
2

46c

Jan

18%
;

Jan

18

Feb

a__

Feb

103A

163A Mar

Jan

Gas

715

19

19%

1,105

21%

22

315

101

101

53Ac

8%
73c

__100

Oil

Alberta

•

Yellowknife

Pacific

Aluminium

Cons

1

23c

__

Amalgamated

Larder

Mining

Athona

Jan

112'A

Jan

41c

Jan

46c

Mar

Ltd

Base Metals
Bob's

i:

•

19

19

15

Jan

21

38

38 Va

100

35%

Feb

38% Mar

1.50

1.50

100

1.00

Feb

1.50 Mar

12

12

25

11%

Feb

12'/a

Jan

12

13

794

12

Apr

16

Jan
Jan

25% Mar

26'A

Jan

18c

17c

18c

17c

12 %c

34c

•

3.85

Lake

Gold

Mines

Mines

Ltd

a

12

19

a

35c

37c

31c

18,000

a2c

2,000

a2c

15c

Mar

34 V2C

34c
5c

5c

5,200

5c

Feb

12c

Bouscadillac

'

.*'

1

Mines

Ltd_—

12c

12c

2,500

12c

34c

7,500

Mar

Feb

3c
15 %c

Mar

35c

Jan

65c

Apr
Jan

65c

7%C Jan

'*

m* '

Canadian

Jan

V V■ '*

'

•

Gold

Mines

Candego Gold Mines

5c

1,500

3c

Jan

5c

Mar

5c

6c

15,500

5c

Mar

25c

Feb

a70c

a70c

100

•'

'

•

.

5c

1

"* '

Jv

Malartic

16c

.1

Gold Mines Ltd

Bouzan

4.

Gold

1

Ltd

a__

—

a__

•

12c

16c

23,300

lie

Feb

39c

Jan

1

2c

2c

I,000

2c

Jan

3c

Jan

1

7c

7c

2,000

7c

Jan

Mining

Consolidated

Consol

Corp

Mining

Dulama

Gold

Gold

Duvay

Mines

16c

Jan

3'/2c

Mar

5c

Jan

Ltd

1

14c

13c

14c

3,635

13c

Jan

18c

Jan

Ltd

!

19c

500

19c

Mar

25c

Feb

10c

11c

17,000

10c

Mar

163Ac

Jan

2.35

1,100

2.65

2.70

500

2.45 Mar

57c

60c

4,100

52 %c Mar

3c

3c

2,300

3c

Mar-

5VbC

Jan

I

Ltd—.!

A

19c

60c

1

—

1

8c

8%c

1,000

9c

9c

500

6 %c

7c

3,000

5

11%

10%

11%

1,690

Mines Ltd__.-j.__i

10c

Gold

Uranium

Ltd

3.45

78c

Jan

4c

Jan

10c

Mar

5%c

Jan

5c

9c

Mar

9M»c

Jan

8,000

9 Vac

Feb

14c

Mar

40c

5,700

39c

Mar

52c

Jan

3c

3 Vac

6,142

2c

Jan

3%c Mar

3 VaC

3%c

1,000

3c

Jan

4%c Mar

I

a34c

a34c

200

35c

Mar

1

14%

15

425

14%

I

4.50

4.50

100

1

Ltd
Mines

10c 10 Vac

8'Ac

9c

1,500

12 Va

1

Ltd

6V4

Mining

Lake

Rowan

Lake

Shore

Explor Co

<fe

Mines

Ltd

Red

Malartic

Lake

Gold

Gold

Fields

Mclntyre-Porcupine

fining

Corp

of

Mines

Ltd

Mines

3 VaC

53c

Nechi

Atlantic

Oil

Cons

Dredging

Aubelle

Gold

Aunor

240,300

8c

Jan

33,900

8c

Jan

__

/

Normetal

Norpick

Mining

Corp Ltd—
Mines Ltd.___i.___-

Gold

Dredging Ltd
Labrador
Developments

Quebec
Quebec

Manganese

Mines

10c

Quemont Mining Corp
Red

Ltd

9c

9c

15%

Jan

4.50 Mar

6.25

Jan

Jan

6%c

9C

Mar

3.20

1

Sheep

Mines

Creek

Ltd

Gold

Ltd

2.29

56'/a

57

307

51

10%

500

10

2.80

Jan

10%

Mar

78c

78c

585

76c

2.35
57

12%

Feb

1.60

600

31c

55,625

28c

60C

62c

3,000

58c

Mar

12c

13c

6;500

12c

Apr

2.65

2.75

2,000

9c

9'/aC

2,500

1.65

1.75

400

29c

12c

1.75"

i

3.75

200

40c 44 VaC

11,000

3.75
44C

84c

Mar

1.60

30c

4e

4 VaC

2,000

4'Ac

4'Ac

3,000

14'A a 14'A
3c

4c

50

3,000

Siscoe

Gold

Mines

Sladen-Malartic

Stndacona
Sullivan

Mines

Cons

1

Mines

Trebor

Mines

United

Asbestos

Jan

Waite

Jan
Jan

10

36 Va

36%

36%

50

35 Va

37

Jan

Bank

Toronto-.

of

Metals

Base

Mining

Class

Bell

1.60 Mar

2.45 Mar
9c

Mar

1.60

Feb

3.55
34c

Jan

2.32

_..

Ltd

Corp

_

_

Mines

Mines

Jan

20%
5

50

5

40

40

41

195

40

25

41'A

40'A

41'A

41%

Jan

1

55c

53c

55c

6,000

32c

Mar

55c

Mar

24c

21c

24c

15,100

20c

Mar

33c

Feb

5%c

8c

80,750

5%c Mar

16c

10'Ac 11 '/aC

13,200

-'10'Ac Mai-

16c

Jan

—-♦

River

'

Gold

Bidgood

Bobjo

Kirkland

Mines

Gold-

7c

_______

Bonetal Gold

_

1

_

_

1

Mines
Millen

&

class

A

Bright

(T G)

British

Dominion

British

Oil

Ltd

&

2

Dev

♦.

3.70

I3<r
1.95
3.75

Jan

British

Columbia

4% 7o

Elec

,e

Consol

Home

Okalta

Edmonton
Oils

Homestead

Decalta

Gaspe

&

Leduc
Oils

Corp

Corp
*
Ltd—___*

Ltd——,

Forest

Packers

Products

Class
British

class

Oil

Co

Ltd

Ltd

Oil Ventures Ltd
Oil

Ltd

Co

Oils

1
•

Ltd

Western

Oils

Royalite Oil Co Ltd
South

Brazeau

new

Ltd

For footnotes see page 44.

*

Jan

24 '/a

Jan

Feb

25 %

Jan

88

Mar

90'A

Jan

99

Mar

85

24%

88%

88%

60

»

890

99

3

2,625

11V4

165

99

1013/4

Jan

Feb

3

Jan

11V* Mar

45

23,4
ll'/4

13

Jan

2%
/

55/8 Mar

6%

Mar

26%

Jan

5%.

53/4

50

25

25

25%

245

2%

23/s

40

28 Vac

27c

33c

22,100

27c

Feb

37c

Feb

31c

1,100

31c

Mar

37c

Jan

14c

Mar

24c

Jan

*

Oil

-

•

2.74

25

3%

2% Mar

9,270

Buffalo

Red

14 VaC

Lake

_*

Jan

Jan

3VaC
A

14c

30c

Feb

42c

Jan

32c

Jan
Jan

1.90

1.14

1.23

6,900'

1.11 Mar

1.23 Mar

33c

41c

79c

70c

88c

2'Ac

3c

18,500

11'/a

11%

500

4 VaC

4 %c

1,000

54,700

Feb

149,400

53c

Mar

73c

115.

30%

40

4.90

Jan

12,175

4%c

Jan

Jan

14'A

Jan

Mar

8'A

Jan

7

1st

pfd

*
4.70

4.70

7c

6V4C

7c

39c

40c

4,600

Campbell Red Lake

1

3.50

3.20

3.50

6,005

Canada

*

2%

2%

40

4.30

5,500

40c

Edmonton

&

Flin

Flon

30'/a Mar

30'A Mar

/

6.60

Feb

6c

Feb

'

Jan
Jan

3.75 Mar

Jan

2.70

Jan

8%c
54c

Feb

38c

i-

Bread

common

3

Feb

Mar

87%

Feb

Feb

26%

Jan

28% Mar

29%

84

100

85

85

85

85

•

24

24

24

220

23 Vt

20

28 Va

28%

110

10

20

20

150

19

Feb

22

Feb

•

preferred
Cement

2% Feb

46

46%

90

43

Mar

50

Jan

10

Mar

common

Preferred

•

Foundry

common

Feb

Canadian
Canada

Northern

Packers

50

•

9%

9%

*

15 Y*.

15%

150

100

189

189

7

13

13

6

Power

class

B

Permanent Mortgage

<

9 V*
15

Feb

16%

Mar

192

187 Va Mar

13

14 V*

Mar

Jan

Jan
Jan

*
50

36%

36

36'/a

70

35 Va Mar

37'A Mar

*

79%

79

79%

85

79

Mar

79% Mar

10

23%

23%

23%

612

Feb

24

•

20 'A

20'A

20%

2,025

19'/a

Jan

20%

Jan

15%

16

550

15

Feb

18

Jan

23

23

40

23

Apr

25

Feb

*

Steamship Lines

Preferred

13

Feb

Jan

53c

28c

7%

Mar

12 3/8

250

7%

7%

Jan

Mar

3%c Mar

1,000

13'/4

30 Va

*

3Vac

12%

Jan

9%c
33

11c

210

.

20c

6'Ac Mar
28

7,319

Hill

3.05 Jan

Jan

1.92

13,600

7c

29%

1

Feb

Mar

16c

28%

*

Jan

8c

11c
6 %c

28%

1

Products

Building

4c

Mar

3c /Mar

Feb

Jan

Jan

1.28

4'Ac

Jan

10'A

Jan

15

Feb

3c

Feb

10c

Jan

Bank

Canadian

Breweries

Canadian

Canners

1st

of Commerce

•

common

preferred

20

Class

Car

common

15%

15%

105

15

18

Jan

12 3/8

12%

270

12% Mar

14%

Jan

15%

15%

70

15% Mar

17

Jan

*

—

Celanese

Jan

0

common

A

Canadian

22%

20

Conv preferred
Canadian

23

.

21%

22

1,095

19%

Feb

22 V*

Jan

24%

25

210

23%

Feb'

8

800

/ ;

--

Jan

2%c Mar

Canadian

Canadian Dredge
Canadian Food Products
Class

*

3,60 Mar
27c

5.30

Jan

Canadian

25

I:

28% Jan
8%

Jan

13%

7% Mar

Jan

•

Alco

"A"

voting

Locomotive

Mar

36 Vac

Feb

6.60
1.65

Jan

1,500

8c

Mar

12c

Jan

Canadian Pacific Railway

1,500

17c

Mar

32c

Feb

Canadian

Tire

Utilities

Canadian

Wirebound

11 Va

32

11 Va

74%

74%

20

74% Mar

10

10 %

200

31%

34

645

65C

69c

2,800

13

13%

775

14

14 %

2,648

24

24

80

22

100 100 Va

15

99 '/a

Jan

102

Feb

24

50

23 Va

Feb

25

Jan

10'A

•

Mar

77
'

Feb

11%

Jan

36%

Jan

79c

Jan

15%

Feb

13 Va Mar

17V*

Jan

Jan

24%

Jan

9»A Mar

28'/*

Feb

Jan

Feb

11%

"
—

95c

7%

*

100

common

A

-4.50 Mar

4.70

4.70

200

95c

95c

1,000

9%c

10c

17c

19c

3,212

89 %c

Feb

3,343

9.70

Feb

10

10%

1.75

1.93

2.20

16c

21'A

Mar

4

2.14

163/4

14

Mar

1.85

Mar'

24 3

2%

Feb
Jan
Mar

2T**

24 Va

110

20

22

'•

24%

2.65

Canada

1.45 Mar

19%c

Feb

21

1

1.25

Jan

18%

22'A

1

Canada

45c

common

Petroleum




*

3,435

45c
A

22

Buffalo Ankerite

Feb

25c

1

.'.

Ltd

5,800

20

21

>

Dominion

2.35

2,200

18c

20c

18,500

6.15

750

16c

19c

16,500

2,700

1.20

Feb

1.62 Mar

133/4

Canadian

Malartic

Canadian

Oil

Cos

*

2.10

"13c
5.90

Feb
Jan

25

Corp'

Feb

14'Ac Mar

6.70

22c

141/s

*

preferred
class

A__;

100
#

—

24

65c

12'A

Mar

Jan

Jan

1.93 Mar
3.00

21c

68 %C

•

common

Cariboo Gold

1

1.20

1.20

1.20

Jan

Castle-Trethewey

1

1.60

1.60

1.65

2,700

Feb

Central

•

1.02

92c

1.09

18,600

Feb

central

Patricia

1.35

1.25

Jan

Central

Porcupine

'

Pan

1,430

1.10

5,700

Feb

Mar

500

6.00

90c

Pacific Petroleums

8.50

17c

7c

4c

1,500

10'A

Mar

9.50

8.25 Mar

Jan

3,000

1.45

44c

14c

Jan

47c

1.40

Feb

14 %c

8c

1.55

1.44

26c

1

67c

1.50

•'

9,165

Broulan Porcupine
Buffadison Gold

Mar

1.55

•

Jan

42c

31c

A

Class B
British

4 %c Mar

Jan

2,500

5%c

19%

<■

Malting Sh Warr

Jan

27c 28 VaC

Feb

22'A

»

class

Power

Iron

195

4.70

3c

1.00

103/4

•

A

B
Columbia

Canada

a40c

*

14,000

8.25

■■ii

99

Columbia

Columbia

Canadian

Calgary
Central

Feb

3'Ac

38c

preferred

British

Canada

a28c

2,050

18c

3c

.

.100

pfd.

Jan

a28c

3.90

Mar

•

common

Jan

1.57

3.65

1QQ

25

Oil

Preferred

4%%

2.57

3.90

500

12c

*

American

Canadian Indus

Co

3,500

Mar

12 c

8.50

•

Brazilian Traction Light & Pwr com—-

Canada

Oil Stocks-

Oil

Jan

16c

16c

42c

*

Preferred

Anglo-Canadian

Feb

Mar

15c

3'Ac

_•
1

Boymar
Bralorne

Jan

1.25 Mar

.

Jan

Feb

45

-

(

Feb

2.03 Mar

V.

Mar

333/4

6,902

6

Mar ''

y

Boy con Pershing,

75c

100

______

_

Feb

19%

llc

15c
12 c

,

Bordulac

22c

7

3,300

-1

_

Jan

20%

250

33c

Jan

1.25

*

Ltd

Ltd

1

Jan

23

57,500

5

Telephone

Mar

2.20

26 Vac 26%c

65c

Mar

36c

20%

Bros

31c

45c

1;

Jan

34c

B

Beatty

2,600

34c

Bathurst Power class A

Calgary

2.10

_1

_

jJan
Jan

Callinan

33 % c

Ltd..

Amulet

6,000

Jan

27c

Jan ,v

17c

3,500

•

11c

Jan

1.25

Ltdi_—

Ltd

Vinray Malartic Mines Ltd
Westville

8%C

19c

36

Mar

1.14'

(1944)

Mines

Torbrit

Ltd.

Feb

3.65

3.15 Mar

500

>:

Apr

2.16

Ltd

Mines

8c

8C

3.25

26 3A

Linen

50c

Jan

38c

Feb

Caldwell

a

_

ll'/ac

Jan

Jan

Jan

.._50c

______

Miixes

14c

Mar

6c

Jan

Sherritt-Gordon Mines Ltd

Mar

8c

16c

34 V» Mar

Canada Wire &; Cable class A

Santiago

Feb

10c

'

25%

2.12

2.29

20c

405

2.75

300

10%v

9C

19c

19 VaC

590

1,000

*

Jan

7c

2.80

i

1,100
2,000
12,000

12%

35

2.80

1

Crest Gold Mines Ltd.

10c

Jan

!94c

Feb

25%

2.80

-

•

Quebec Yellowknife Gold Mines Ltd

10 Va

65/8C

class

1

59c

1,365

Mar

34%

•Burrard

I

•

8,100

11%

Jan

17c

25%

Jan

1

Pa to Cons Gold

66c

11%

Jan

9%c
■

34%

70c

&_I

Mar

59c

Mar

5 VaC Max-

25%

Mar

*

O'Brien Gold Mines Ltd

13'A

Mar

9

Jan

10

40c

1

llc

80

Mar

10

,

Scotia

II,000

1

Ltd_^___^

9,000

56,700

Feb

26c

l43Ac

Montreal

50c

I

.___

Mines

6c

20c

,

/

Nova

43c

3.

Mines

11%

Jan

of

46c

Marlon Gold

9

13c 16%c

Jan
Mar

74

Apr

5 %c

Jan

6%

of

Bunker

Jason

23c

26c

11%

Burlington Steel

New

9c

Mar

Bank

Jan

New

Mar

13c

18c

Feb

I

7c

7,500

'734,0 Jan

Feb

9c 13VaC

....1

—

Calmont Oils

Ltd.—^,

6,500

aJn

43/4C

15c

1

45c

Ltd

9c

4c

15c

W

——1.

13'A

Ltd_

16,500

Mar

300

X.1

...

Mines

Aumaque Gold

Jan

Mines

53aC

3c

Jan
Mar

15c

♦

Apr

Mines

1,500

37c

15c

•

Steels

11%

Goldvue

3c

Jan

Feb

22 %c

Feb

6c

17

Calumet

14,500

Jan

163Ac

400

New

35c

5%

1

22,000

New

10%

Jan

Feb

'

-v

8.65 Mar

67%

^^....10

(1937)

13

5

105

10

1

Mines

17c 19 Vac

.____*

8.65

1,020

Athona

13

1

Ltd

Canada. Ltd

5.30

73

Ashley Gold & Oil

17c

l

1.

^

3.55 Mar

73

.

11c

1.

•_

Jan

26,165

22 %c

X

i.

68c

37,600

15c

1

Ltd

Mines

Louvicourt Gold^ields Ltd
Macdonald Mines Ltd"
Madsen

Ltd

,v

Mar

37c
3.95

6'A

•

Buffalo Canadian
Labrador

Jan

31e

C

7c

Feb

12%

Jan

'

Ltd

20c

6

100

British

39c

I

Ltd

Gold

Jan

1

Mining Co

Mines

Mines

Addison

Kerr

__

1

Mines

International

Mines

2.35 Mar

10% Mar

Ltd

Hudson-Rand

Lake

-

Feb

2.08

9c

Ltd

Gold

Feb

2.25

1

Joliet-Quebec

17%

J—'

Goldbeam

Jack

Jan

10c

1

.

Feb

43Ac

9c

•

Arjbn Gold

Brand

15'A

1

Ltd

(1945)

Consol Gold

880

1

Ltd

Mines

17%

16%

*

Ltd

Formaquc Gold Mines Ltd

J-M

Mar

5,500

Mines'Ltd

Cons

9c

Mar

21,000

17%

11 %c

14 %C 16'/aC

1

Feb

7c

4c

Mines

Mines

37 %c

9 Vac

Sullivan

Goldora

Jan

4c

East

Hollinger

Mar

9c

*

Mines

7c
25c

4c

Mines

Mines

1,500
3,000

9c

Co

Mines

Gold

7c

? 30c

1

Malartic

Eldona

7c

7c

Ltd„_l

East

Fontana

«Jan

Ltd

Mines Ltd

Dome

13 c

27c

Cadillac

Explorations

Cournor

_1

Astoria

Central

Cortez

Ltd

70,000

3c

Armistice

Bevcourt

Centremaque Gold Mines Ltd__

Century

Jan

17c

—

Cartier-Malartic Gold Mines Ltd

:

18c

28c

35c

Warrants

Berens

*

Jan

Bank

Mar

2 VaC Mar

20

15'/aC 15 %C

•

1

Ltd

6,000

12%c

8.65

4%c

Preferred

■

Bordulac

Feb

3.60

'

1

—

33'/a

45

Jan

<?■

38'/2

♦

Jan

230

common

Feb

Mining Corp Ltd

273Ac

22%c Mar

26

.1

Corp

Argus

Atlas Yellowknife

15%C'

620

Jan

1

Mines

Area

Atlas

1

23c

Jan

80c

Jan

61c

25%

Aquarius Porcupine

Feb

>

5,500

26

Mar

:

75c

Feb

8c

9'/a

.

61 %

Apex Consol Resources

10

___

8% Mar

56

Mines

i

Ansley Gold

21

;•

Ltd

5 Vac Mar

100

25

pfd

Bankfield Consolidated

—

2,000

8%

53 Va Mar

Mines

Feb

;__i

(1937»

Jan

5%c

415

1

Rouyn

Jan

Stocks—

Mines

103

1,690

Anglo

8

Mines Ltd

Mines

Arno

100V4 Mar

50

Bagamac Mines

Anacon

25

55 %

*

20

*

Jan

48

•

10

—

Jan

25

53%

Lead

350

—

Jan

20'A

Jan

54'A

Anglo Canadian Oil..
Anglo-Huronian

10

#

Mar

21%

48%

Yellowknife

20%

*

19

17

1

Canada

10

TOO

High

Feb

•

of

Anacon

75c

Low
14

*

Ltd

Aluminum Co

American

__

1

Steel

Algoma

101

*

Agnew-Surpass
Akaitcho

19 Va

_—*

._

&

15%

Range Since Jan. 1

High

15%

2o

Ashdown Hardware A

a—A V

111'A

9,964

preferred

Preferred

Acme

Low

•

Paper common

Acadia-Atlantic class A—__

22% Mar

8 3/4 Mar

40

Jan
Mar

54

Feb

100

Mar

III

Mar

12'/a

Shares

—

20'/a

18 Va Mar

5

Mar

a—

_.—

108

Jan

$1.50

&

20%

——

Ci

29'A

65

170

45c

Jan

Mar

29'A

17

all21Aall2'A

Jan

30

Power

*

Ltd——1

<J

22'A

Apr
Mar

17 Va

45c

for Week

of Prices

Par
Abitibl

'j&J*

__

Co

Grain

Jan

17

-

*

1.10

17 Va

_100

Standard

8aA

8%.

8 3/4

___

Reitmans (Can) Ltd 5%
red pfd
20
Russell .Industries Ltd_'4^W-4—■-W--*-1'"--.

Feb

26 Va Mar

200

109

Feb

Feb
Jan

18 Va
28

5

18 Va

6

Jan

7

97%
12'/a

50c

1,385

45c

*

1st pfd

26 Va

60

Jan

Mar

12

1,168

ale

•
Ltd

5

67

66 3A

_____25

com

75

6%
ado

Mar

27'/a

26 Va Mar

27'A

6 Va

12

Co

Jan

aitti

N

Westeel

Jan

18V4

Quebec

United

II

17'A

109

United

Jan

Feb

81/3

39'A

17%: Feb

100

Southern

v

Jan

Feb

36

STOCKS—

Jan

16 Va

12

Ltd

Corp of can 6%

Southmont

14% Mar

385

9

.____________100

Service Stores

Sarnia

25

12

—

rights
Orange Crush Ltd

G'/e

Jan

9 Va

17 Va

_____

Royal Rice

Power

14'/a

Feb

17%

_____

Preferred

Paul

Feb

Bales

Range

Sale Price

Jan

13 %

17%

___

_.

preferred

Scotia

Nova

75

25

Week's

Last

Jan

45

Friday

Jan

10'A

8

Exchange

Canadian Funds

40

pfd—10

Refrig & Storage Ltd

red

Feb

8

17%

27'A

1

Jan

17 S/8

Moore Corporation Ltd
4'A

16

38 Va

.

25

lUi*

b'/o

Ltd

Ontario

&

Feb

17 %

pia

41

MARKETS
APRIL

Toronto Stock

Apr
74'A Feb

36 %

_

Oil

Distilleries

of

14'A

com__10

Lid

(1481)

High

__10

McColl-Frontenac
Mica

375

9

Massey-Harris Co Ltd 6'A'A conv pfd 20

Mclchers

15

Low

36'/a

0

preferred

Maxwell

14'/a

Paper Co_,_.—A—*

&

Maple Leaf Milling Co Ltd
Maritime Tcleg & Tel Co Ltd
l'/t

143i

10

Ltd

Co

Publishing

Journal

*

__

ENDED

Range Since Jan. 1

High

.

Co

Insurance

Shares

Low

Ltd com

Paper Co

Lakes

Gj-cat

WEEK

for Week

of Prices

Par

/ ■'

LISTED

FOR

CHRONICLE'

Sales

Range

Last

Sale Price

STOCKS—

FINANCIAL

Leduc

Oil

Gold

Mines

1

1

17c

2,500

1.15 Mar

1.50

Jan

Jan

1.73

Jan

Feb

1.65

1.55
90c

1.35,

8,020

1.24

Jan

18C

8,600

14'/2 c

Feb

1.45
21c

Jan
J8n

Feb

,

?

|

42

(1482)

THE

COMMERCIAL

&

LISTED

CANADIAN
RANGE

Friday

Week's

STOCKS—

Sale Price

---10

Preferred

•.
ir-

Chateau-Gai Wines

—41

t

Chemical Research
Cheskirk

1

,

Chimo Gold

1

Chromium

*

Mines
Mines

Chesterville

1,400

10

25

6'A

35

Coastal

Jan

10

46c

Jan

98c

Mar

10c

Jan

3,500'

2.65

12c

1.60

631

1.60

Highridge
Highwood

Jan

Holden Mfg

5%c

Jan

Hollinger Consol

Mar

1,000

2.40

8,800

2.00

14

795

12'A

Jan

Homer

Jan

2.45

Feb

Hosco

Feb

25c

2.25
13%

•

Feb
Jan

1.75

25c

25c

2.40

__

2.85
18 %c

Mar

13%

1
•

Jan

3c

14%

Mining

Coniaurum

1

Mines

20c

1,500

17c

Jan

24c

Feb

Hudson

1,500

5c

Mar

7c

Jan

Hugh

Jan

Huron

1.03

85c

Feb

23c

Jan

38c

Feb

10'A

Jan

Mar

64c

Jan

Apr

18c

Jan

65c

Jan

4%

12c

2

5lc

47c

51c

15,257

47c

1

9c

9c

9c

500

9c

—1

45c

45c

45c

2,669

40c

Mar

9%c

11,500

8c

Mar

12Vic 13%c

Beattie

Mines

Consolidated Duquesne

—

-

Consolidated Homestead Oil—

•

9Vic

Consolidated Lebel Oro

*

13%c

Consolidated Mining & Smelting
Consolidated Press class A

v

5

97 Vi

Class

B

9c

.

-

Conwest

Gas

Corrogated Paper Box
!

Crestaurum

11%

5,213

6c

-

preferred

\

Feb

Indian

Jan

Inglis

8'A

Jan

Inspiration

2

20

2

Apr

2'A

148 Vi Mar

152'A

Jan

Preferred

Feb

1,45

Jan

International

Nickel

Apr

International

D'Aragon
Da vies

Davis

\

17 %c
123

Lake

1
A__4_____

<•:

1

;

Nickel

Red

|

Dickenson

21

Mar

30c

Jan.

Feb

52c

8%

Jan

6c

Jan

11'Ac

Feb

19c

Apr

32c

Feb

31c 33'Ac

4,400

Mar

35c

45%

21c

14c

Feb

Jack

Feb

^

;

Waite

48c

1

Dome

.

Mines

Ltd—......

Dominion Bank

•

.*

—

;

L 14,250

-48 c

•

-44c
25c

-27c

16%

•

:

'

Jan

Joliet

33c

1.48

Jan

M

{
'

Dominion

Steel

&

Coal

class

B

16%

17%
25

Dominion

Tar

21

Chemical

25Vi

25'A

25%

iiy2
15%

16%

23%

Quebec

Dulama

Kenville

10-Vic Jan

Gold

65c

Jan

32c

Jan

Kirkland

18 Vi

Leduc

Malartic Mines

East

Sullivan

;

Feb

27'A

Jan

Lake

Fortune

Gold

10Vi Mar

14'A

17%

Jan

Lake

Lingman

24

Feb

Lake

Shore

Lake

Wasa

Apr

22

Feb

Apr

27

Mar

14,636

49c

19'Ac

17%c

20c

18,500

17% Mar

gi/ac

1

26 Vi

9c

12

13'A

___*

l4«/2
1-

iFraser

Gold;

Cos

common

iX] Frobisher

Mar

65 %c

Feb

Mar

f- 25c
•

17c

'

' ;

j>,

1'";

Gatineau Power
5%

t

General Steel Wares

Giant
i

Glenora
t

Globe

t.

God's

Goldale

;
n.

Goldcrest

i

Gold

•

";

Golden

\

Goodyear Tire

62c

76,555

7'Ac

20%
42c

"U"

Graham

! V

3.95

Jan

i

Class

Paper

Leduc-West

Leitch

A

preferred
Great West Coal
Guayana Mines

j

Long

;

.

Gulf

Lead

■y

Gwillim

1

Gypsum

Class

Louvicourt

Lowney 1 Walter M)

19%
40c

Jan
Mar

Mines

Halliwell Gold
„

Hallnor Mines

Hard
?

Rock

Gold

—

_____

—

;
;_

Mines

Harding Carpets

For footnotes see page 44.




38c

2,750

34c

Jan

48c

Feb

600

5.90

6.10

1,209

18

18

25

4'Ac
8

1

:

'A c

4'Ac

5.80 Mar

9c

21,300

3c

6,000
455

.

1,000

1534

3c

•

15'A
"

■

4'Ac
7c

'■

15'A

6.30

16'A Mar

Jan

4c
;

19

53Ac Mar
3c

12c

Jan

75c

Jan

Feb

Jan

4'Ac

Mar

14'A

Jan

5%c

Mar

Jan

15% Mar
*

75 c

76c

1.17

1.15

1.17

6,950

5'Ac

5 %C

5'Ac

2.000

Feb

10c

8c

2.000

7c

Jan

12c

7,850

70c

Mar

1.08

Jan

1,205

27'A Mar

31'A

Jan

Hosiery

Mills

class

A

•

2,725

1.12

5c

86c

Jan

925

27

11

1.20

Mar

50

Mar

11

Goldfields

1

17c

-—0

4.50

Jan

Macassa

Mines

1

Jan

7Vi

MacDonald

16'Ac

20c

31,500

15

25

,

11'Ac 11'Ac

16'A

"29

Jan
Jan

Jan

Feb

Jan

Feb

45c

Jan

15%

Jan
Jan

Apr

2,500

10'Ac

Jan

15c

--

12c

13c

6,500

12c

Mar

16c

Jan

2.34

.

2.16

2.34

6,500
15,100

2.50

Jan

2.10

Jan

1

45c

43c

1

9'Ac

9'Ac

10c

6,000

9c

Feb

20c

19c

20c

5,900

19c

Mar

1

1.10

1.01

1.10

17,100

93c

Jan

•

——

•Macho River

11'A

Mar

15

—1

Mines

Macfie Red Lake

Jan
Jan

11

15

—e

*

16

108

75

5c

1,500

5c

Mar

7c

Jan

80c

80c

1,000

80c

Feb

90c

Feb

104'A

Apr

116

9%

9%

9'A

50c

41c

Mar

74c

Jan

13'Ac Jan
34c

Jan

.1.20

Jan

Jan

MacLeod-Cockshutt
MacMillan
Class

/

100

16

11% Mar

605

1.65 Mar

Madsen

11% Mar
2'A
17

Jan

20%

Feb

26

Jan

8c

Feb

11c

Feb

Manitoba

27

160

Mar

27%

Jan

Maple

97'A Mar

98 Vi

97%'

16

26

75

88

32

2.40

22,600

87%
2.05

Jan
Jan

88

2.90

Malartic

15

16'A Mar

17%

55

102% Mar

106'A

17

56

102

20

Jan

16'A Mar
101
4.75

8c

17c

16 Vic

1

12c

10'Ac 12'Ac*

)£.

-

1

Mar

90'A Mar

1.

i5c

•

15%

__

—
__

8Vi
__

2.40

Jan

7'A

Jan

2.85

Jan

Feb

20c

3,300

30c

Jani

2.15

2.35

21,390

2.02

Jan

2.35

Jan

2'Ac

23'»c

8,000

2'Ac

Jan

3%C

Jan/

15

200

10'A

Jan

15%

Jan?

10

300

Mar

11 'A

Jan
Feb

15

*

8%

18c

Mar,

1,000

3'Ac

Mar

Feb

6c

Feb

Jan

17'A Mar
102

Mar

Jan

5.85

Feb

Jan

10'Ac

Jan

Jan
Mar

965

18

Feb

22%

160

26

'A Mar

27'A

75

8

Feb

3Vic Jan
74'Ac

Jan

:

McColl-Frontenac

*

12%

13'A

1,505

56

57%

Mclntyre

Red

McLcllan

common

.——5

Gold

Lake

Red

McWatters

Lake

Feb

Mercury Mills
Mid-Continent Oil

3.15

Jan

Milton

12%c

Feb

•

95

1,500
1,275

5c

5c
95

Mar

Jan

Mar

50'A Mar

10'Ac

Feb

9'Ac
103

Feb
Jan

53

Feb

16c

Exploration

185

"S 210

Porcupine

Jan

40

Mar

Feb

18

Jan
Jan

65c

Jan

Mar

15c

Mar

4'Ac

4%c

3,000

14%

Feb

4'Ac Mar

500

8'Ac Mar

100

90c

6c

Feb

11c

10c

Mar

21'Ac

Jan

7

1,225

6'A Mar

6'Ac

9,100

5c

1.35

1.25

11

1.35

6,250

10%

11

1,625

30c

30c

500

6'A

6'A

165

38c

!" 50c

13,600

22

22%

,

47c

•

Mylamaque Mines

39c

775

4,211

6%

Moore
•

Corp

Preferred

common

22'A

•

—

Mosher Long Lac

4,250

16

51,500

9c

5'Ac

1

—

Morrison Brass

80c

33,300

153A

Jan

1.10
10

Mar

Feb
Feb

30c

Mar

6 % Mar
38c

Mar

12c

Apr
Jan»
Jan

2.25 Mar

7%

Jan

7'Ac Mar
1.55
12

Jan

Jan,

48c

Jan

7

60c

17

Jan

7'Ac

Feb

3c

Jan

2c

2c

9,000

3.60

200

3.50 Mar

4.50

Jan

66%
I.¬

25

—

26
3V

3,690

19

Jan

23'A

Jan

67

370

65

Feb

73'A

Jan

26

1,125

26

Mar

27'A

__

Feb

3'A

Feb

3'A

185

1,500

8c

9c

3,500

10

10'A

300

12'A

16

16'A

16

7

8'Ac

12'A

*

;

66%

16'A

255

39c

6,000

8'Ac

8c

—1

9c

5

10'A

1

'A

3'A Mar
8c

Mar

12c

Jan

National

9

156

8'A Mar

9'A

Jan

National

Drug

preferred

Grocers

—

7'Ac Mar

12c

Jan

10

11'A

•

common

Hosiery class A

——

16'A

"

Feb

Jan

Mar

95
■

12'A

Feb

14

200

15%

Jan

16'A Mar

15%

Jan

17

Feb

35c

Jan

47c

Jan

Jan

8Vi
14Vi

14 Vi-

50

1

19%c

17Vic

20c

20,360

*

10

10

10

1,415

13

15c

Jan

Feb

Mar

9% Mar

I

Mar

17'Ac Mar

3.60

2c

•

Jan

Feb

Mar

Apr

46c

0

Mortgage 81 Inv

38

16

57%

Jan

1

16

56c

Jan

32'Ac

6c

*

14% Mar

1,560

50'A

6,450

2.25

:

1,065

"7

*

Feb

Jam
Jan.

12c

36c

2.25

15'A

*

Corp

Moneta

9c

Feb

lie

10c

9c

•

41c

8c

12C

9

12'A

*

Oils

Monarch

lie

•

5

Brick

Mining
Model

41c

1

Gold

Jan

2.10 Mar

571a

1
1

McMarmac

Mentor

20'A

*

Porcupine

McKenzie

16c

15

42c-.

4c

8'A

5'Ac

11c

IbcXlVzc

4c

26%

Feb

35

61c

14 %c

20'A

Jan

99

16'A<

5'Ac

Jan

8'A

10c

6,500

60c

Feb

9'Ac

26'A

4'Ac

98

16'A

4'Ac

500

20'A

Feb

6,450

40-

1,100

11c

41

common

Preferred

19'Ac

18,500

-

5c

11c

4%c

20

Massey-Harris

Mar

6 Vic

143/s

4%c

1

15c

9,000

51 Vi"

8

1.

__1

3,300

6c

'10Vic

—1

Jan

2.28

50'A

Mines
Gold

56c

5Vic"

5c

Milling

Mar

500

39c

1

18'Ac

2.35

._4'

Leaf

38c

4%c

2.10

'

11,850

10

McCabe Grain class A

2'A Mar

•

40

Vl_-:

•

1

Leaf Gardens

II,600

17c

4Vic

15

19c

6'A Mar

2.85

2.68

——*

&

Martin-McNeely

Jan

1.75 Mar

2*A

38c40'ic

lOVic

2.80

:

9'A Mar

755

Jan

225

1

2'Ac

__

1

Fields—

Gold

Maralgo

Jan

85'A

59c

1

Mines

Eastern

Maple

Mar

55

1,000

98

Gold

820

7

"■

6'A

Jail

550

8,900

1

Lake

Magnet Consol

Mar

1,225

2%c

6c

Mines

Jan

I,000

1 60c

„

Gold

class A

*

Red

21:%

101

__

Export

B

gi/4C

59c

41

Feb

36c

1

37

23ic

"

Feb

13%

Yellowknife

Jan

5'A Mar

—

1

12c

Jan

37c

Lynx

35

40c

1

...

—

Hamilton Bridge
Hamilton Cotton

Jan

10'A

Lunward Gold

13% Mar

60c

1

Mar

6c

3,371

Jan

718

2,100

1

Swayze

40c

2,950

60c

20% Mar

'

Lake Gold Mines Ltd—
Lime & Alabastine

A

B

London

National
<Halcrow

,,

class

Groceterias

Jan

3,628

1

12,450

13

1

-

Jan

380

5.70

——»

Jan

45 c
8'Ac

I

Lac

12c

Mar

235

17

41

;

64c

40c

12'A

*

Ltd—

Mines

77c

7c

6

9 Ac

*

Feb

8'Ac

3

Oil

Gold

Lencourt Gold

Apr

40'A Mar

36

14%

2

5.30

—1

common.—.

5c

13

1

50'Ac Mar

3.80 Mar

9'Ac

50

Lakes

Feb
Jan

Jan

2,875

.

5.70

1

Bousquet

-—-—

—

Montreal Locomotive

Great

Jan.

5c

1.45

1.05 Feb;

1

Mines

Secord

Jan

150 ;

2

•

Preferred

44c

—1

41c

4,800

9Vac

*

1

1—1

*

17

1,000

102% 104%

I"
I"

1

i__

6.50

3V«c Jan

"

Mar

l

common

4.50 Mar

9,000

1

15% Mar

1

Mines

Jan

Mar

—

32c

*

Manitou

Goldora

23'A

3c

28'A

1

)*■ Goldhawk Porcupine

Jan

19% Mar

2,000

;:..v28;;:

2.35

_

*

•—...___

1.67

3'Ac

28'A

38

85

1

Mines

Feb

3c

*

39

88

2.38

preferred.——100

Gold

Feb

Jan

1.28

2,995
v-

28'A

1

Eagle

60c

41c

49,300

27'A

685

171/2

Mines

Jan

5c

28

171/2

Gold

Jan

10c

.3 'Ac Mar

1.30

*

171/2

Gold

4.80

6'A Mar

6Vi

1

Lake

Feb

15%

1.18

85c

•

Oil

Jan;

13c

Mar

4.50

75c

90'A

Lake

23c

Mar

14

4.75

7'Ac

90>A

Yellowknife Gold Mines

Gillies

190

85c

L

A—

20

1

26

«

Mfg class

20

i

•

"

97'A

.

100

Prod

Mar

5c

17,500

Little

100

Bakeries

General

12c

6,100

1.49

Lexindin Gold

16

__

•

preferred

General
i

~53c

1.32

__L_

Lapaska Mines

9C

■

_100

common

Jan

1.27

Mining

Larder

21'A

„

21%
■

__J—_—26

preferred

Jan

14c

4c

—

Feb

Marcus
Co

:'54c

1

Lapa Cadillac J.

;

Gair

Mar

6VAc Mar

_1

Mines

Jan

4%c

gOc

<■

Exploration

50c

1.47

Feb

104 Vi

4%cf

•

J) preferred—

34c

'

104%

—___100

(A

-52c

!

-fan

5 Vi

100

Preferred

>;

V.y Freiman

3'Ac Mar
23%c Mar

58,500

7%

1.70

—

5%c

3.45

11%

Fleury-Bissell preferred
Francoeur

5c

2.42

11%

\Ford Motor class A-

Jan

1,915

2.45 Mar

—_—1.65

Fleet Mfg

;.

Feb

15'Ac Mar

2,000

2.05 Mar

35 %

<•

—41

8,750

7c
15%

9,250

3.80
14 >A

<*

A—_l__„;

13c

12c.

14%

39,950

40c

,

class

*

2.74

53c

3.90

Preferred
——————100
Federal Kirkland
1

Ltd

3,500

2.42

20

—

•' Fittings

11,544

2%c

Jan

Jan

7 i/4C

~~

r

39c

6%c

Jan

6%

*

—

35c

6'Ac

5'Ac

4'Ac Mar

17,978

11,750

2.65

__

5,000

3'Ac

Mar

39

X

Petroleum

Jan

5c

3c

12c

62c

Federated

6c

4'Ac

38c

1

—_

Mar

10%c

1

Federal Grain common

Jan

3c

Mar

:

Players
Fanny Farmer Candy Shops

19c

Jan

Mar

________;

Famous

Jan

2'Ac

7c

200

Nickel

12'Ac

1,000

5?c

Jan

9'Ac Feb

17,400

Falconbridge

1,500

2'Ac

26c

16

A

Mar

1,500

35c

class

4c

2,600

32c

Brass

Mar

7,500

•5,700

15%

Corp

38c

5c

•

10c

16

Eureka

76,550

4c

28c

35c

Empire

42c

5c

7 Vic

_i

Gold

38c

Jan

38c

Lamaque Gold
Lang & Sons

Jan

Feb

Mar

Laura

20

Gold

Feb

,13

2.18

25

Jan

Mar

7C

2.68

25'A

101'A

9

10c

2.42

22'A Mar

1,720

26c

ioc

Feb

Jan

99% Mar

10

Feb

9

9%

5c

Rowan

Lake

Feb

52c

7 »/2c

435

7%c
54c

Apr
Mar

Jan

15% Mar

66,700

8

35c

9 Vb

3'Ac

Mines—

49c

9c 11 Vic
if-V
A

3,735

22'A

5'Ac Mar

670

39c

Jan

4%c

Labrador Mining & Exploration
Laguerre Gold

Jan

Dufault

135

27

Elder

Sol

2,000

8%

36

•

Lake

19%

Eddy Paper class A

El

5'Ac

2'Ac

Ltd

Jan

25

19%

(John)

Loblaw

Eldona

25'A Mar

42c

——_

4

Mar

11

1

Investment

Jan

Feb

!

22

12'A

—

Mines

24%

21c 23%c

Lake

13

100

__

Economic

92

31'A

Gate.—

26

230

1

Mines—

Steel

7% Mar

7,090

15 3»

Jan

11%

_*

East

Eastern

Jan

32%

1

Feb

12%

•

Oil

Jan

6'A

32

'___

Apr

11

1

____—

East

Jan

14'A

100

Jan

12%

■

East Amphi
East Crest Oil

19%

770

25

100'A 100 'A

:

Kirkland-Hudson-

Feb

26Vi

•".""'■V'.y K\:ir

Feb

13% Mar

10,453

14

7'A

5'Ac

Mar

•

Ltd

•'

16'A

18'A

35c

Gold

Kirkland Golden

1

Mines

Duvay Gold Mines

Jan

8

Kerr-Addison

Mar

12%
sic

*

29

5'Ac
37c

—-1

:

46c

19%

l

Feb

9'A

Mines

Feb

26'A

1

i

Jan

27'A

22'A

Mines

Jan

19%

_*

117

115

32'A

Kayrand" Mining

Feb

21 Vi

1,770

m*.

Woollens

Mar

28'A

25

25

common

—

25 y8

790

22%

Voting trust certificates——.—
Dominion Textile common
:
Donalda Mines

11%

16

23 Vi

Dominion

112

Jan

Feb

15c

15'A

1,918
1,300

pfd——23'A

6c

7»A

___—'!

24'/a

15

*

&

30

Jan
Jan

57

13c 13'Ac

21

1,120

.21

Co

(1939)

Gold

Feb

15% Mar

2,705

24%

21

_25

Dominion Stores

Feb

13%

1

Consolidated

25c

•:

3,765

24%

•

preferred
35
Dominion Foundry & Steel——_—i
Dominion Magnesium
*

3 'Ac Mar

18

18'A

—

42c

:

13,200

17%

..10

-

-j: Dominion. Dairies

44'A

3,400

28'A

Mining

10c

-1,500

37c

.15%

15%

4,112

4'Ac

115'A 115'A

__

28%

r

28c

2,500

;

\

2

J

Jobourke

9'A

Mar

6'Ac Mar

5,500

"

,11c-;;:

33c

1

46'A

—6

Uranium

Mines

Jan

Feb

Kelore

-

1

—

Yellowknife

7% Feb
1.20

Jellicoe

Jan

43c

Labatt

I

44%

1

Co

Mines

23

:*/•

10 Vic
__

15c

Feb

Apr

17c

2,300

6%c- 7 Vic

„

l

Seagrams

„

:

-

8Vic
25c

: 31,300

1.45

.

30

3'Ac

Jacknife Gold

21 Vi Mar

200 V

8%

17c
1.30

1

Jan

Jan

52

8Vic

120

19c

1

—.

12'A

33'Ac

.100

Mar

45 Vi Mar

3,200

1.45

*».'.■\

Lake

Red

.

23,500

29c

22%

1

Mines..;

Lake

9c 10Vic

•
-

Lake^__—

Discovery
Distillers

3,200

25c

•

1

..

Denlson
Detta

ii: Dexter Red

|

&

20o

100

22%

_

Feb

2,000

Mining

40c

2,000

9%c

; 20

4,100

9 Vic

25c

«

V

—

-v

j

20c

46c

45 Vi

__

•

class

{••>' Decalta Oils Ltd
[ a. Delnlte Mines
i

20c

43c
45 Vi

__

10%

46,500

Gold

(John)

Jacola

Mines

Class B

.

1.11

50

1

Petroleum

Leather

21

__

Jan

5'A Mar

6c

Petroleum

International

87

21

__

Mar

Feb

5,300

\

4

Jan

19c 24 'Ac

25

6 Vi Mar

1.25

1

Crowshore Patricia

t

f

'

175

149 150 Vi

100

6c

8'Ac

9c

13'Ac Jan

22c

*

7

21

1

Croinor Pershing
Crow's Nest Coal

V

j

Jan

13c

10'A

11;

£1

96'A Mar

1.15

4"

common

Mines

9'Ac

Feb

75

Oil

12Vic Mar

1.24

.

Jan

1,000

Imperial Tobacco of Canada ordinary_5

2,060

2

150

•

Jan

23,000

10

5,332

2

100

Exploration

65c

4

International Metals class A
Consumers

Jan

8c

—100

Bank

99

i

'

Mar

•

common..

Imperial

6%

*

Jan

8c

58c

8'Ac

,_1

97'A

"

6c

500

Jan

1,135

Cadillac

-

4

1

Preferred

10

Cons Central

527

7,400

58'Ac 58 Vic

Feb

8

9'A

Consolidated

9c

Mar

1

Imperial
•

8'Ac

8c

High

>.1

Mines

Erie

1,513
43,150

10

29c

Jan

6c

Bay Mining & Smelting
&

95c

86c

1
•

,

83c

8'Ac

5

Malartic

26c301/2C

——

Consolidated Astoria

Bakeries

50c

41

Yellowknife

5'/iC

Consolidated

«

17,000

•

class B

Gold

5c

__

Jan

56c

Jan

36c

18c

1

Yellowknife

Coiomac

Feb

10c

Low

—41

—

Sarcee

Howey Gold
Coin Lake

10c

6%c Mar

9c
—

___„

Jan

4,500

3c' 3Vic

3c

11c

1,500
...

7'Ac Mar

8,000

8'Ac

—

Mines—.

Mar

2.43

7,200

12c

1.60

12c

500

7'Ac

50c

52c

Highland-Bell

7'Ac

7c

___

Gold

Heva Gold

Range Since Jan. 1

High

7'Ac

Gold

Heath Gold

Mar

5c

8

18,800

6c

Hasaga

Shares

Low

Gold

Harricana

Jan

Jan

Harker

Jan

7

6% Mar

for Week

of Prices

Par

11

Mar

10

25

77c

2.45

2.65

'

0

Wlllans
Plow

9'A

71c

__

1

Oils

Cochenour
Cockshutt

9'A

72c

1

Malartic

Citralam

,

6Vie

Sales

Range

Sale Price

High
13'Ac Jan

5 Vic

9%

■.

1

•;

i

Lew

Week's

Last

6'A

__

1

Friday

5'Ac Mar

41

common

APRIL

STOCKS—

10

Chatco

__

MARKETS

ENDED

Range Since Jan. 1

Shares

High

Low

1

Monday, April 4, 1949

for Week

of Prices

6'Ac

Par

Centremaque Gold
Steel

WEEK

FOR

CHRONICLE

Sales

Range

Last

'

,

FINANCIAL

14'A Mar
24'Ac
12

Class

B

0

———

National

Petroleum

National

Sewer

Jan

National

Steel

Jan

Negus

Mines

Pipe
Car

25c

class

A

\

.

__

36c#
31c

31c

80

—*

31c

•

20%

20 'A

21

380

*

2.42

2.30

2.44

12,725

27'A

Jan

34

20

Feb

23 y2

Jan

2.50

Feb

2.13

Feb

Mar

1

THE- COMMERCIAL

Number 4791

Volume 169

&

FINANCIAL

CHRONICLE

(1483)

43

%

CANADIAN
RANGE

Friday

Week's
Range

Last

Sale Price

STOCKS—
Par

Neilson
New

Alger

New

Bidlamaque

New

Calumet

New

Goldvue

New

103'A

Jason

New

New

105

1<\3

Mar

Standard

9c

Jan

Standard Paving common

2.35

Jan

1.58

1.55

1.69

21,228

1.40 Mar

1

29c

29c

31c

12,000

28c

61c

58c

62c

24,472

12c

11c 13'Ac

Mar

31c

Mar

1

class A

9%

10

1,295

*

Radio

97 a

20%

20%

21

225

4%

4%

60

;i__«

Jan

75c

Feb

Stanley Brock class A

*

9%

200

Mar

23c

Jan

Starratt

Olsen

1

65C

61c

68c

8,000

Mar

18c

Jan

Stedman

Bros

■>

14%

14'A

14%

565

5c

Mar

18c

Jan

Steel

*

83%

81%

83%

1,060

25

83%

80%

83%

860

1

1.50

1.50

1.56

8,800

6c

28,800

l03Ac

9'Ac

11c

27,000

9'Ac Mar

14c

Jan

8c

9c

3,250

7'Ac Jan

11c

Jan

__

of

Co

Canada

common

Preferred

Steep Rock Iron Mines

Noranda

Mines

Norbenite

Norpick

Gold

Gold...

Inca

Northland
North

O'Brien

Oil

Gold

8c

Jan

Stovel

Feb

93c

Apr

Sturgeon River Gold

l

1.00

100

1

53%

51

Mar

58%

Jan

Sullivan

10c

Mar

20c

55%

2,563

10c

11c

30,000

2.68

2.60

2.74

12,737

8'Ac

8'Ac

10c

26,100

7c

7c

7c

1,000

6'Ac Mar

47'Ac

50c

2,400

28c 343Ac

54,550

28c

3%c

•

55
__

*

'

——————....1'

.

28c

Cons

Mines

Orange Crush
Orenada

Orlac
Osisko

Pacific

Pan

Western

Oil

Partanen Malartic

Paymaster

Pen-Rey

Tech-Hughes

7c

Mar

Feb

7c

39,500

3,915

6% Mar

1.73

1.63

1.75

6,990

1.58 Mar

Perron

1.95

Jan

30c

53c

Mar

Jan

31c

3,700

1.85

1.65

1.95

71,450

__

14c

3,000

12'Ac Mar

17c

Piccadilly

4c

1,300

3'Ac Mar

6c

Jan

__

4'Ac

4'Ac

1,000

6%c

Jan

1.11

Feb-

1.95 Mar

Pickle

Gold

Reef

;

Gold

Jan

20c

Feb

7c

Jan

9c

Jan

67c

56c

67c

34,000

51c

Mar

12c

12c

13c

13,500

12c

Mar

18c

Jan

23,000

Feb

3.05

42'A
1.30

1,670
10,250

36%

Jan

42% Mar

1.00

Jan

21,500

12'Ac

Jan

2c

2c

lc

Feb

35c

32c

35c

8,920

32c

Mar

__

8c

9c

13,500

v..' 8c

Feb

70c

•

17c 193Ac

70c

2.02

Jan

2.38

41
1.13

22,000

67c

26

26

50

8'Ac

9'Ac

20,400

2.15

2.03

2.15

3,595

3.25

3.10

4'Ac

4'Ac
37c

36'A

1

36%

80c

71c
70c

—.

22c

3c

Feb

Feb
Jan

12c

Jan

V -89c
27

2.34

Feb

2.00

Jan

Gold

Jan

3.65

3.00 Mar

Jan

5'Ac

10,000

4c

Mar

38c
37%

2,200
1,125

35c

Feb

44c

Jan

42'A

Jan

36'A Mar

80c

3,800

70c

Jan

70c

Jan

71c
14'A

1,500
125

11%

405

11

1.02

Jan

90c

Mines

*

14

Prospectors

Airways

"

—

1

6c

40

—

Quebec

Gold

Quebec

Labrador

__

_

Jan V

Reno

Jan

Jan

Oils

46'Ac Mar

4,000

48

48

53c

class

7'Ac

Feb

48

53%

Feb

Mar

Mines

Towagmac

Finance

Traders

120

5

200

4%

Feb

2.90

2.75

2.90

7.630

2.54

Jan

3.10

Jan

15c

13c

15C

5,700

8%c

Jan

21c

Feb

8'A

9%

100

9%
55c

52c

55c

2.360

50c

1.12

1.25

39,750

87c

Jan

8c

8c

8c

1,050

18

30

50c

80c

50c

50c

64c 78'Ac

B

subscription

rights

B

subscription

rights

Transcontinental

Lawrence

2nd
St

preferred

Resources

Lawrence

14'A

1,421

13% Mar

"

--

4%c
6

6c

65Ac

6,000

30

170

30

>

6

*

12c

9'Ac

12c

20,100

38c

47c

15,400

38c

25'A "25'A
5.95
6.25
14'Ac
21c
7c 7'Ac

260
11,415
165,500
17.500

17

145

__

17

100

-

—

(new)

1

7'A

__

1

__

41%

1

103
7'A
12'A
41%

15

103
7'A
12'A
42

20
35
272

Jan

Jan

8c

Jan

7'A

Mar

Jan

8c

30%
16'Ac

Sand

Gold

River

Mar

50c

Feb

Sarnia

Bl70

55c

Feb

78'Ac

Jan

1,800

45c

Mar

80c

Jan

25

8
9'A

9

9%

29 V2

20%

50'A

Gas

78c

United

Corp class A

Class

:

B

Class

»
*

:

United Fuel
B

class

A

preferred

United

Keno

United

20%

50

preferred

Water

&

Oils

Hill

•

2.19

Feb

21c

6c

Jan

10c

class

Canada

Ventures Ltd

Mines

1

—___— —

Vicour

Mines

Vulcan

Sick's

Breweries

.

Walker

iHiram)

Sigma Mines

101% Mar
7

103

9%

Mar

Malartic

W')_

_

_

...

Silver

Ltd

Western Grocers

common

Weston (George)

_

Miller

Silverwood

12'A Mar

14

Jan

39% Mar

42

Mar

Jan

4.50

Feb

6c

5c

6c

2,000

4c

Jan

6c

—

8c

8c

1,000

7c

Mar

18

19

50

18

37'Ac

10c

Jan

Mar

19

Mar

Apr

49c

Jan

Jan

2.15

2.25

2.94

Jan

12c

~

3,725

12c

750

1.55

1.70

Winchester

Larder

Wingait Gold

_

Electric

Winnipeg

..

_

Jan

4,166

1.48 Mar

1.82

Jan

5.55

1,158

5.15 Mar

6.40

Jan

9 %c

3,000

Jan

9%

Jan

26c

Jan

15%

Feb

25%

25'A

26%

5,955

25'/8

Feb

,28%

Jan

9'Ac

9'Ac Mar

Malartic

9%c

2.500

8c

3,500

7c

Jan

38%

260

35%

Feb

22%

22%

100

22

Mar

'A

22's

96%

South

Brazeau

For

Yellorex




44.

Feb

24

Jan

24

;

Feb

270

21

Mar

25

96

Mar

100%

Jan

21c

60,900

be

Jan

37c

Jan

8c

8%C

4.500

6c

Feb

11c

Jan

7%c

6 'A C

8c

5,400

6c

Feb

11'Ac

Jan

30%

30'A

31%

6,670

34%

Jan

»

♦

27

Feb

98

Mar

99

5

1*

_

4 'Ac

4'Ac

500

19%

19%

100

2.27

2.20

2.27

1,585

28c

30c

3,900

18c

Jan

35c

Mar

71c

6,072

63c

Jan

80c

Jan

5c

2,000

4'Ac Mar

6c

99

99

*

Yellowknife

Bear

Yankee

Mines

—

.

Class

67c

71c

_1

Girl

5c

York Knitting class A

6%

..

..

....

_

_

...

6%

2%

t>7a

■

>

B

Toronto Stock

<

100

4C ' Mar
19

Feb

6'Ac

Feb

20

2.10 Jan

Jan
Mar

2.50

Jan

2%

5

'■

245

6%

Feb

2% Mar

Feb

7% Mai-

•v.'yV

Mar

3

Exchange-Gurb Section
Canadian

>

Friday
Last

Sale

Price

Funds

Week's

Sales

Range

for Week

of Prices

Shares

Range for

British Columbia
Co

Brown

year 1948

101
3%

210

99% Mar

1,200

3 % Mar

4

92%

95

85

92% Mar

103

20'A

21

795

19

46%

1

High

99%

Pulp & Paper com__*

common

Low

Low

Par

46%

800

46% Mar

3'AT

100

Canada and Dominion Sugar

*

Cottons

*

Canadian

common

*

30

30

50

Canadian Industries common—

*

20%

20%

240

Canadian Ingersoll

*

80

80

10

1.65

1.70

Apr

48

Jan

Canadian Marconi

12 %

Jan

Canadian

2,000

1.19 Mar

1.60

Jan

24,112

2.59

__

2.15

2.10

2.23

16%

17%

435

15% Marl

16%
7.30

17

200

15%

Feb

555

7.10

Feb

16%
.

...1

—

—

7.50

.

2.02 Mar
•

24% Mar

47c

46c

48c

25,416

5

12

12

12

38'Ac Mar
12

Mar

20%

Canadian Fairbanks-Morse

11% Mar

Rand

High
114

Jan

__

Jan
Jan

30

223A

Jan

46% Mar

Mar

30

19% Mar

22

Jan

77

80

Mar

Jan

1.50 Mar

Mar

2

Jan

•

78

76%

81

580

64

Feb

84

Mar

161

160

161

240

136

Jan

161

Mar

3%

3%

3%

53
17%

53

15

50

Feb

52

18

18

5,443

15%

Feb

18

33c

J36c

2,100

33c

1
common—

Jan

Canadian

17%

Jan

Canadian Westinghouse

*

Jan

Consolidated

•

8.25

300

Feb

100

Vickers

Preferred

17

Western

Lumber

Paper

1,325

3% Mar

33A Mar
1

Jan

Jan

Jan

55c

Feb

Disher

13

Jan

Oil

Dominion

40c

46c

50
13,000

32 %c

Feb

9'A

9

9'A

255

9

Mar

9%

6'A

6'A

188

6'A Mar

7'A

Feb

26'A

26'A

27

215

26% Mar

Steel

*
u."

common

Bridge

•

Mar

7

.

35

7

280

5%

Feb

34%

35 %

355

31%

Jan

45c

Jan

7

Mar

35'A Mar

Jan

6'A

—

23

23

23'A

97%

97

97%

433

30c

30c

33c

8,066

*

page

'

Mar

28c

46

29c

27c

29c

170

7,340

19
—

see

Jan

9c

38%

96'A

96%

Mines

10

"

footnotes

13 %C
<

5

_

385

_

Springer Sturgeon

Jan

18c

21
-

100

Gold

46

1

Southam Co

23c

8C

48'Ac Mar

Donnacona
Foothills

•

30

Jan

International

Paper

common

—

20

20

35

19'A Mar

•

Paper

Oil

2.65

2.50

2.65

1,900

2.50 Mar

*
•

30

51%

30
51%

31'A
53%

3,075

940

1.22

19

30

15'Ac

18c

20.000

1.22

1.27

15,300

22% Mar

26%

Feb

99%

Jan

Minnesota

*

18%

18'A

19%

1,710

Feb

44c

Jan

Pend

Oreille

1

5.00

4.70

5.10

2,800

Bros

*

55

55

25

20

Jan

3.65

Jan

26

Feb

313A

Jan

48%

Feb

58

Jan

Apr

22'A

Jan

97

30c

Price

Sladen

-'A

37'A

9%c

1

1

Preferred

11%
1.30

1

-.

Jan

7%

Apr

1

..

common.

46

11'A
1.19

•

Gold

17c

8.75

*

_

_1

100

Preferred

Mar

6% Mar

600

*18 %c

„

46

.

*

Class B

10c

12,339

—

Hayes Steel

Siscoe

1.99 Mar

100

6%

8

23c

___

*

1

Simpson's Ltd class A

11 Va

11%

100

Mar

*

class A

Jan

11

$

common

23

*

Mines

Dairies

17

Mar

-1

Class B

165

23c

_

Preferred

705

.___;

Feb

17

11%

■»

24%

-

common

Jan

52

6%c

1

_.

_

Jan

3.80

*

Silanco Mining

Jan

Mar

•

Products

Dalhousie

Silknit

30%

24'/a

50

23c

Wekusko Consol
West

24'A

...

Feb

19% Mar

45

Mar

7,804

......

(Quebec)

27%

80

50'A

7c

..

(G &

24%

common

trust'certificates

75

20%

1

_

18%-Jan

16% Mar

4.10

k

Voting

29%

1.70

—

_

22,866

Gordon

Jan

•

Oils

Amulet

42c

Sheep Creek Gold
'Sherritt

9'/a

*

—

_

37'Ac

A

Jan

61

Jan

50o

Brew

8%

12c

Mar

1

Winnipeg

Jan

2,415

*

42c

Preferred

Shea's

7%

5.40

*

com—•

Power

Feb

25

United Steel

50

Shawinigan

6

17

_■>

1

,

Jan

147,700

Feb

9c

3.95

Bridge

Rouyn Ltd

Mar

50c

25% Mar

4.10

1

Mines

Sannorm

Senator

Mar

78c

Mar

Feb

5.85

1

I

80c

Mar

Jan

1

—

Mar

50c

Feb

Mar

--

Antonio Gold

50c

2,990

6 %

Preferred

San

9.035

Jan

Mar

24%

•

20

Jan

17

5'Ac Mar
29

9c

25'A
6.25
20'Ac
7c

10
*
1
1

1.04

62c

4'Ac Mar

4,500
75

Mar

45c

Ymir

45c

•

:

*

_

Wright-Hargreaves

4%c
.6

Feb

18

6 %

Jan

14

—
6c

10c

45c

67c

14%

4'Ac

Feb

7%c Mar

6'A

24,300

Jan

Paper 2nd pfd

Jan

1.25

*

common

40c 44'Ac

Mar

new

Feb

69c

*

City

Wool Combing

Mar

73c

common

9 74

Twin

Jan

67c

—l.V

Corp

8% Mar

Transvision-Television

50c

45c

A

:

STOCKS—
St

5Vs Mar

Mar

1.14

1

—

A

Mar

35c

Saguenay Power preferred

26% Mar

1

Class

21c

1,026

common

Jan

28

5

_■>

—

class

2,600
6,400

Co...—

Industries

Feb

28%

28

*

i,

Exploration

30c

21c

75c

Royal Bank

36c

5

_

Torbrit Silver

Winora

50c

A

Mar

Jan

5'Ac Mar

30

Jan

67c

Royalite Oil new
Roybar Chibougamau
Rupununi Mines
Russell

2,000

Jan

15

50c

Lac

Long

Roxana

13% Mar

75c

1

Silk

130

1.65

Feb"

50c

1
class

Gold

Roche

13%
14
46%c46'Ac
5'Ac
6c

1.36

——•

...

Textiles

Riverside

8,385

42c

Regcourt Gold
Renfrew

—

1.50

1

....

Mining

Quemont

1

1.40

1
1

Quebec Manitou
Queenston Gold

Feb

25c

Jan

16%

12%

13% Mar

11'A

Proprietary

preferred

Jan

Jan

1.62

18

Gold

Westeel

14'A

1.50

Mills

1.500

1.90

10%c

Jan

Jan

8c

__

1

Flour

26c

Feb
Mar

7c

1.27

1

Tip Top Canners class A____

Waite

11%

Preston East Dome

Purity

1,200

2,650

»

j

Mines

Wiltsey-Coghlan

Purdy Mica Mines

8c

1.49

1.58

Feb

15%c Mar

Jan

1

—

Feb

42'Ac
•

Mar

8c

300

3.25

1.34

Mar

26

*

Metals

Jan

11'Ac Feb

,;i

_

Thompson-Lundmark Gold Mines

Upper

600

70c

9c

1

certificates

Corp

8c

1.4Q

50c

_

River

Union

2.18

1

Rouyn Gold

Mar

5% Mar

Jan

41
1.30
193Ac

•

trust

1.06

2.30

1

River

Voting

8'Ac

500

1

Peninsular

Porcupine

Pressed

9,000

1

Porcupine

Power

200

13c

7'Ac

6

1

Mines

9

20c

6% Mar

Jan

5

6%

10c

*

___.

Pioneer Gold

Powell

Mar

7'Ac

__

_————1

Crow

Powell

6'A

4c

7'Ac

1

Porcupine

Mar

Feb

__

12'Ac
4c

—I

Gold

Photo Engravers

Feb

Jan

9% Mar

30c

1

...

___

Mines

1.50

1.48

26c

Feb

9%

*

Mines

Cons

Gold

9

5'A Mar

1.58

l

40c

*
•

_

1.46

:

—

Mar

1

Petroleum

2,740

150

Feb

1.70

Mar

Tamblyn Ltd common
Taylor (Pearson) common

1

Hershey Tubes
Porcupine Mines Ltd

6c

Feb

1

Pamour

Feb

7,500

60c

1

Mines

1.42

6'Ac 10 %c

47'Ac Mar

6c

1

Mines

86

Mar

*

8'A

■

Lake

Lake

Osulake

Page

1

Gold

Red

Jan

80% Mar

16c

Taku

1*

Exploration1

84

700

Jan

Inlet

Class

Omnitrans

Feb

Mar

78

Jan

1

_

15

2,500

12c

Mar

*

:

9 'A Mar

75c

Feb

9

13'Ac

7c

•

O'Leary Malartic
Omega Gold

Feb
Jan

13%

20c

1

30c

Oils

7%
60c

5%

Sylvanite Gold Mines

Toburn

Okalta

Jan

9

19c

Surf

9

Ogama-Rockland

Feb

5

5%

Jan

7c

1

22

10

Jan

1

Mines

Jan

100

preferred

3.75

2.45 Mar

•

common

Press

Feb

10»/e Mar

1.15 Jan

1.00 Mar

1

Mines

Star

Sterling Coal

Mar

31,150

1

[

Mines

Mines

Northern Canada Mines
North

Jan

4c

51c

15c

•

1

Mining

Norseman

__

•

-

-

Malartic

Normetal

26c

500

308,600

1.00

__

92c

5

Nipissing Mines

Mar

4c
93c

12c

13c

*

12c

4c
73c

Sudbury Contact

1

Jan

7

4% Mar

4c

9%

54c

Jan

20%

lie

5c

1

Mines

7

51c

Gold

High

Jan

6% Mar

500

5%c

1

Yellowknife

Nicholson

110

29,950

•

Thurbois

Nib

6%

45c

4c

1

Rouyn Merger

3.926

*

Preferred
Standard

Low

45c

6%

■■

•

Range Since Jan.1

High

45C

'

*

common

Shares

4c

1

New

Chemical

Feb

1

Low

*

15c

Mines

Oils

Mines

Stadacona

9'Ac Mar
4'Ac Jan

Pacalta

for Week

of Prices

Par

Jan

104

2,334
5,000

New

Sales

Range

Sale Price

STOCKS—

High

7c

Norzone

New

Low

high

6'Ac

Gold

Week'*

Last

7c

Gold

1

Range Since Jan. 1

Mines

Marlon

Newnorth

MARKETS
APRIL

Friday

Shares

1

;

ENDED

Sales

103VA 103'A
9%c
10c

10c

WEEK

for Week

of Prices
Low

100

preferred

(Wm)

LISTED

FOR

24c

Feb

34c

&

Ontario Paper

18%

4.45 Mar
53

■

Mar

6.70

Jan
Jan

55

Mar

Mar

Jan

17

Mar

19%

Jan

Southmount Investment

13c

Mar

23c

Jan

Southwest

Jan

Yukon

1.22 Mar

—

1.42

_

41c

50c

300

41c

41c

41c

Jan

45c

30c

*

.1

Petroleum

Consol

30c

500

30c

Mar

35c

Feb

50c

50c

500

50c

Apr

79c

Jan

44

(1484)

THE

COMMERCIAL

&

FINANCIAL

CHRONICLE

Monday, April 4, 1949

OVER-THE-COUNTER SECURITIES
Quotations for

Friday,

April

1

Investing Companies
Mutual Funds—

Amerex

Ask

5.11

5.61

1%

3.69

4.04

Securities

Aeronautical

Affiliated

;Bid

1

Par

Fund

Inc

Holding Corp
Business

American

Associated
Shares

Axe-Houghton

1

3.63

2

8 Vis

87/a

1

6,91

7.47

—5
1

13.97
4%
1%

15.18

A—

Inc

Fund

Axe-Houghton Fund

B

Beneficial Corp
Blair Holdings Corp

1

5%

Paper

Petroleum

*

91.47

1

19-02

20.56

10c

7.74

7.75

5

14.71

15.90

Inv

of

Tr

Fund

Inc

shares

Steel

Invest

Street

Corp

1

16.13
3.95

1,

1950-1949

99.30

shares.lc

3.33

3.67

l%s

1952-1950
1953-1951

98.16
99.6

1955-1953

101.20

3.19

l%s Jan.

1,
1,

3.56

3.93

2%s Feb.

1,

3.13
3.54

lc

3.02

Fund

Century Shares Trust

1

32.OH

1

12.78

3.81

11.08

11.98

1

13.13

Securities

Christiana

com—100

—100

Preferred

Dollar

1

Fund

Dividend

5.33
13.30

Low

14.54

25c

Shares

Security

Bond

5.79

1

Investment

Commonwealth
Delaware

%

Corp

Series—.

l

1

16.81

3.63

3.78

5

22.67

24.51

i

10

Investors Inc

Boston

21%

2.89

i

England

23%

New

4.60

__1

1

6.13
3.66

3.30

3.61

14.08

15.10

.0307

-

.0256

100.0096

.0292

Dated

Due

Bid

Ask

Bid

Ask

8-

2-48

5-

2-49

bl.45

1.20%

1.60%

1-

3-49

10-

3-49

12-

1-48

bl.50

5-

2-49

1.40%

bl.45

1.20%

1.55%

2-

1-49

11-

1-49

bl.50

1.40%

Rate

Dated

Due

1-49

bl.45

1.25%

1.50%

4-

7-

1-49

bl.50

1.30%

1.55%

3-

1

bl.50

1.35%

1.55%

4-

1-49

i

9.90

10.85

1.60%

12-1-48

9-

bl.50

1.35%

_i

7.47

8.19

l

9.72

10.65

1

10.65

1

3.61

3.96

10.08

11.05

stock—1

9.62

10.54

equipment

1

7.50

8.22

stock

l

11.09

12.15

9.58

10.50

lc

5.56

6.04

Diversified Investment Fund_l

lc

5.71

6.20

Diversified

Building shares

lc

6.96

7.55

Electrical

Chemical

lc

Insurance

Equipment shares lc

5.79
8.76

6.29

9.50

Machinery

l

lc

4.37

4.75

Merchandising

i

Fully Administered shares..lc

6.80

7.38

Metals

lc

7.18

7.79

Oils

6.53

7.09

1

8.97

i
1

Aviation

Bank stock

.

__

Building supply

Industry
preferred

9.15

10.03

9.42

7.19

7.80

5.56

6.04

Railroad

8.38

15.23

16.69

Railroad

—lc

7.65

i

Investing Company shares—lc

lc
—lc

6.99

7.58

Steel

5.06

5.50

Tobacco

lc

7.24

shares

lc

2.31

2.52

Petroleum

.lc

3.57

3.89

Putnam

lc

4.08

4.44

Republic

lc

4.68

5.09

Russell

——lc

4.31

4.69

5.09

5.53

11.41

6.35

6.96

4.71

5.16

6.07

1-48

1-49

1-49

11-1-49

bl.50

1.40%

12-

1-49

bl.55

1.40%

1-3-50

49

bl.55

1.45%

United States
Bid

Apr,

7,

Treasury Bills

Ask

Bid

1949________________

bl.16

0.80%

May 26,

1949

1949

Apr. 14,
Apr. 21,

bl.17

0.98%

June

2,

1949
1949

1949

bl.17

1.00%

Ask

bl.17

—

I

bl.17

1.10%

1.11';;

June

9,

bl.17

Apr. 28,

1.11%

1949
5, 1949
May 12, 1949___

bl.17

1.04%

June

16,

1949

bl.17

May

1.11%

bl.17

1.08%

June

23,

1949

bl.17

1.11%

bl.17

1.10%

June 30.

bl.17

May 19, 1949____

1.11%

bl.17

1.10%

6.65

Scudder, Stevens & Clark

lc

9-

1949

7.85

Equipment shares

10.41

l

equipment

1.65%

11.30

_i

Pacific Coast Invest Fund
Public Utility

Merchandising shares
Mining shares..—
shares..

Petroleum

Railroad Bond
RR

.0454
.0266

Federal Intermediate Credit Bank Debentures
6-

Corporate bond series

shares

100.0315

100.0076

1950

1950

8- 1-49

Diversified

Priced

1,
1,

1-48

Automobile

Chemical

Low

tl%s Mar.

11 %S Apr.

1-48

6.76

Industrial Machinery shares lc
Institutional bond shares—lc

.9959
.9916

._

.0306

10-

6.23

shares

99.9895
99.9819
100.0207

._

11-

lc

bond

1949

1950

1.65%

5.03

General

1949

1,

-

1950—

1.

100.0118
100.0142

1,

1.65%

47.67

shares.

1949

1,

+ 1 %s
Jan.
tl%s Feb.

9.45

4.69

Electrical

Ask

7.31

44.61

Food

Bid

6.17

1

shares.

Maturity—
Certificates of indebt (contL
tl %s Dec. 15,1949—______

.1424

8.62

1

shares

100.1227

6.67

Trust—

Aviation

1%%

5.63

Capital Corp——

shares

1961

Price

Ask

i

6.67

Automobile

121

1

5.43

14.22

5.80

Group Securities—
Agricultural shares

119%

Canal 3s

_i

4.88
12.98

Investors

100.6

Issues

1.55%

1

General

100.6

100.4

1.50%

Stocks Inc-—
Agriculture

2

General

100.4

1950

5.03

5.61
3.35

York

Fund

shares A—2

Fundamental

Fundamental Trust

1949

3.16

1.89

1.72

Inc_l

Industrial Fund

Corp__
First Mutual Trust Fund—

First

New

100.4

4.43

Selected Group Series
1
Low Priced Com Stock Series 1

v

Bid

Indebtedness—

flVsS June 1,

6.94

4.05

of

Jl%s July
tl%s Oct.

6.48

6.35

,

Industrial Stock Series

25.74

15.72

„20c

Equity Fund Inc—
Fidelity Fund Inc
Financial

24.08

1

Fund

5.93

1

Series

Series

Stock Series

Howard—

&

Balanced

Stock Fund

1, 1950—

Certificates
7.18

i

Stock

t April

8.63
'

Speculative Series
Eaton

6.57

Series—

Priced Bond

Preferred

13.72

7.98

i

Int. Rate

Treasury Notes-*;

12.78

l

series

Income

1.51

1.37

Maturity—

____

National

147

142

100.2

U. S. Certificates of Indebtedness

Nation-Wide Securities—

3,320

3,170

100

1949

1%S Sept. 15,
1%S Jan. 20,

99.14-

101.28

14.35

Fund

Ask

1949

Panama

7.72

l

Investors

Bid

15,
22,

July

Other

26.08

Balanced

point

4.21

7.04
24.12

Trust

National

a

Banks—

3.88

Mass Investors 2d Fund

13.33

Fund

Loan

4.44

l

34.47

Chemical

32nds of

more

Home

1.65s

98.24

3.33

3.52

4.03

ic

Investors

or

l%s Apr,

3.91

ic

shares

100.2

3.45

2.89

lc

shares

May

one

Federal

Ask

1%S Oct.

Inc__10c

Mass

4.95

Canadian Inv Fund Ltd

Bid

•

3.43

17.68

1

Ltd

Bullock Fund

Bonds—

3.11

Mutual Invest Fund Inc

Broad

Land Bank

lc

shares

Manhattan Bond

Figures after decimal point represent

Ask

Federal

Non-Ferrous Metals

2%

America

Bond

Boston

Bid

Drug shares
ic
Electrical Equipment shares-lc
General Industries shares
lc
Home Furnishings shares—_lc

95.28

Bowling Green Fund Inc

Par

Business Equipment

3.97

Oilstocks

Standard
series

Automobile

28%

26%

10

Shares

Obligations Of Government Agencies

Mutual Funds—

Managed Funds—

Railroad
Steel

stock

shares—

shares—i.

Tobacco

shares

Utility shares
Howe Plan Fund Inc

——1

Incorporated
...

Institutional
Aviation
Bank

'-'I'

1.63

5

21.23

r

•

,

Ltd—

Shares

lc

shares

—_lc

Insurance Group shares

8.57

lc

1.02

1.13

11.81

12.94

23.84

25.91

Trust

of

Boston...1

8.34

11.04

5

14.19

15.26

1

2^35

2.55

1

25.43

27.34

47.71

47.71

Fund

Berg Fund Inc
(new

asset

2%
Shareholders Trust of Boston—1
Investors—
l

18%
81c

90c

Corp_*

45.50

48.50

l

9.03

9.84

Inc

:_10c

Investment

7.01

12.98

Trusteed

Industry Shares

25c

Union Bond Fund series A
Series B
Series C

17.21

1

22.46

24.50

15.65

17.07

Wellington Fund

8.89

9.70

15.11

16.49

K-2

S-l
S-2

19.61

74c

27.14

Stocks)__.1

13.48

14..71

com

S-3

(Appreciation

S-4

(Low Priced

Knickerbocker
Loomis Sayles
Loomis Sayles

27.16

28.41

Whitehall

Fund

9.30

__100
10

100

Chase

National

325

340

39%

Continental
; -

Diversified

Trustee

89%

15

35%
39%

41%

40

42

Co

20
Bank

Trust—

&

Trust

Fiduciary
First

3.36

3.65

52

Bank

Trust

&

4.70

Independence Trust Shares

1

4.56

5.00

86

89

—10

100

13%

14

30%
1,175

%

90.38

92.22

Series 1955

44.72

Series

29

600

520

Bank-

.20

27

29

.16

32

34

t

Bank

of

Detroit.

10

31%

33%

Deposit Natl Bank__100

Mellon Natl

Bank & Trust—100

15%

16%

290
265

285

32

34

National

31

Irving Trust
Kings County Trust—_
6.35

7.35

2.42

Manufacturers

10
100

Lawyers Trust

2.13

Morgan
_l

3.41

National

1

_

315

City Bank

Peoples First

263

1

1956

189

295

-100

Co

National

Farmers

32%

1,235

100

2.50

43.83

79%

182

-100

Pittsburgh

272

Guaranty Trust

North Amer Trust Shares—

Series E

77

.100

35

10

Bank

Trust- 33%

Savings...

Detroit

54

33%

50

Trust

National

&

Trust

National

Federation

16.40

Central
National

16

Bank &Trust_20

9.49
18.20

15.25

Ask

10%

Co

9.66

16.67

Bid

180

Cleveland

>

9%

(White.Plains, N Y)
Empire Trust

&

Bank

Trust

Northern

37 %

10

Trust

-100

Illinois

Bank

National

Harris

92%

&

Stamped
County

Shares—

11.65

4.30

National
First

103

103

Bank

Bank

Corn Exchange

Type Trusts—

Par

City Natl Bank & Trust

41%

Industrial Bank of Commerce_l0
Unit

10.68

Mutual Fund
*
Second Fund—10

26%

Commercial National Bank &

1

Stks)_l

Fund

24%

,

Brooklyn Trust

1

Wisconsin Investment Co

Co

York.

Avenue

Continental

6.76

8.89

Manhattan

Trust

1

Inc

Stks)—1

com

com

Fifth

Trust

.

18.32

21.40

24.88

Priced

1

10

Companies

Ask

Central Hanover Bank & Trust 20

5.80

(Income

K-l

6.15

18.52

Bds)—1

Grade

(Medium

B-3 (Low

Bonds)

New

Bankers

20.65

l

Bonds)— __.1

(Investment

B-2

66c

1

—

7.68

12.70

the

of

&

Bid

Chicago

of

Bank

Chemical

Television Fund Inc

(Speculative Bonds)
1
(Income pfd Stocks).—1
(Appreciation pfd Stks)_l
(Quality common Stks)_l

1

Keystone Custodian Funds—

B-4

10.03
20

5.62

Union Preferred Stock Fund—1
Union Common Stock Fund
1
United Income Fund Shares_
1
Wall Street
Investing Corp
1

Investors Management Fund
B-l

9.83

Sovereign

Street

Par

York

New

Bank

value)

Selected Amer Shares—

Invest Co

Banks & Trust

15

l

Fund

9.39
81c

73c

Stock and Bond Group.—lc
Investment Co of America.—1
Investment

Trading

Investors

Fund Inc

State

"

Group shares

Group

•m

_

&

(Geo)

7.61
10.07

Standard

1.59
19.64

Investors..

\

.

4.57

4.23

10c

Income Foundation Fund

i

_i

2 33

New

Co__

Inc

& Co

P)

(J

City Bank

York

1,300
48%

-100

Trust

Bank
Natl

States

_12%

Bank

20

CG

69.

52%

55%

40

42

v

82%

85%

38%
65%

Francisco

San

42%

40%

40%

Public Nat'l Bank & Trust-17%
Sterling National
25
&

United

.

25

United States Trust

National

First

50%

12 %

Trust

Title Guarantee

'

231

225

20

1,340

43

20

Trust

&

Portland

45

25
Trust

Bank

12
100

8%

Bank

N. T & S A—12%

of Amer

68%
8%
595

565

Insurance Companies
Par
Aetna

Casualty

Aetna

Insurance

Aetna

Life

Ask

Par

53 %

55%

Insur Co of North America

lo

10

58

108%

60

Jersey Insurance

20

25

60

43%

—10

24

25%

$2.10

45%

48

$1.05

Home

,

5

Maryland
Automobile

4

Casualty

American

5

13%

5

21%

American Equitable

Assur

American Fidelity &
of Newark

Casualty_5

American

14%

29

Casualty commoi|!L__l

Prior

14%
.

of N Y

preferred

Convertible

Massachusetts

23

15

National

National Fire

Casualty

25

61

63%

10

38%

41%

Bankers

25

85

22%

23%

27%

30%

__4

67%

69%

New York

21%

22%

7%

95

lo

Northern

—10

Fire

Conecticut
Continental
Crum

&

5

Life

General

.10

Casualty—

Forster

—lo

Inc

10

55

26

28

53%

55%

37%

*

Fire

24%

26%

10

61%

65%

Providence-Washington

Fidelity & Deposit of Md new_10

.90

107

77

10

73
62%

65%

Reinsurance Corp

10

Republic

Fireman's

Fund

of

Frisco

79

82

5

16%
27%

29%

Seaboard

.—5

48%

50%

10%
35%

Accident

._15
.15

33

Fire———

10

Hartford Fire

Hartford Steamboiler




91

j 31%.

1978

103

103%

—_2

5%

6%

(Texas)

4.60%

& Lt

pfd_100

103%

104%

pfd—100

104%

105%

4.40%—100

108%

109%

4.70%

103%

1978

103%

Pub

Ser

Public
North States Pow

Ohio

3s 1979

102%

(Colorado)

Service

103%

103%.

1977

100%

3.50%

103%

1978

(Wise)

3s

Power

(Indiana)—

Potomac

Edison

3%s

Public Service of New Mexico—7

—10

5%%

1977

16%

103

4%

pfd A_100

96%

97

98

Co

99

14%

15

105%

105

Indiana

3s__1979

100%

103

103%

Texas

1978

103

103%

Tucker

Gas

Transm's' Co—

101

1978

of

84"

82

V\:v-

V,V•'

Diego Gas & El 3s

Puolic

Serv

100

preferred

& Haas

Tennessee

San

10o

preferred

100%

3%
35%

,

Eastern

1
*
Transmission—*

,

:

28

West

12%

86

10

51

54

lo

34%

36%

11%

10

46%

36

10

33%

34%

Travelers

Power 3s

Wise

Electric

West

Corp

Penn

1

"A"—«!'_

%

1 %

Power—

48%

Standard

Penn

89

Surety

(New Haven)
Springfield Fire & Marine
Accident

680

705

53

55

33%

125

128

10

x37

39

Fidelity & Guaranty Co—2

U

S

Fire

U

S

Guarantee

Westchester Fire

._

4
in

2

57%

Power

2%s__1979
3s—1978

100%

101%

103

OO

102%

103%

103%

1

35%

100

S

Power

Wisc-Michiean

60%

74

78

21%,

23

Odd lot sale (not included in year's range),

b Big yield price,
d Deferred delivery sales (not
year's range),
e Ex-interest.
fFlat price,
k Admitted to listing on N. Y. Stock Ex¬
Admitted to trading N. Y. Curb, r Cash sales (not included in year's range),
t Ex-stock
dividend.
(Un) Admitted to Unlisted Trading privileges,
wd When delivered^
wi When issued,
x Ex
dividend,
y Ex-rights,
z Ex-stock dividend.
a

10
:

88

3%

U

Hanover

3s

Rohm

33%

87

.—5

Elec

England Power 3s

92

90
108

."'■/\V:-v

Pow

Potomac Edison

Pacific Pwr & Light 3%s

lo

(N Y)

•

100
100

,

pfd

103

Penna

Narragansett

101 %

100

.

..

preferred

b

102

102

55%

——5

Security

—5

10

St Paul Fire & Marine

American.

95

17%

._10

Great

101%

;

Preferred

•

..

..

7%

II" lo

Indemnity Co

61

Firemen's of Newark

1979
3%s__1978

17

25

58

Fire Assn of Phila.

2%s

Power

Louisiana Pow & Lt

Ask

40%

England Gas & Elec—

4% %

45%

12 50

Pacific Fire

Phoenix

Federal

32%

'

<

;

.

.

New

Okla Gas & El 5%%

;

pfd-100

Bid

45%'

97%

37%

30%

5

35%

i_10

35%
43

—2.50

33%

_

102%

1967

Equip $3 pfd__50

Gas

Kentucky Utilities 4%%

100%

102 %

.

15%

River

Pacific

Employees Group Assoc
Employers Reinsurance

2
10

57

35%

_:

99%

1979

3s

Cudahy Packing 2%s

New

North

Camden

5'

Casualty
Hampshire Fire

3s—1974

Affiliated

8%

•

Northeastern

91

(Detroit)

103%

29%

28%

Consolidated Edison

Par

Slocks—

Ask

102%

r-.:

5

_•

National Union Fire
New Amsterdam
New

—

Gas System

&

52

90

i

Columbia

16

Pow

Duke

18'A

29%

Lt 3%s___1978

Arkansas

5

15%

17%
27%

American Surety
Automobile
:

Boston

Security Issues

Bid

Bonds—

112%

5

Bonding

Fire Assurance.
Merchants & Mfrs__

lo

Shippers

30%

49

lo

preferred

Merchant

2%

American Re-Insurance

&

Recent

Ask

63

——

American Alliance
American

Bid

82%

Surety

—

Agricultural

Bid

10
.—10

&

included in

change.

n

♦No par

value,

tin default.

JThese bonds

are

subject to'all Federal taxes.

Number 4791

169

Volume

COMMERCIAL &

THE

.

FINANCIAL CHRONICLE

1

•

(1485)

45

Week Ended March 26

THE COURSE OF BANK CLEARINGS
Bank

week will show

this

clearings

an

increase compared with a year ago.

advices from the chief

Preliminary figures compiled by us, based upon telegraphic

that for the week ended Saturday, April 2, clearings

cities of the country, indicate
for

States from which it is possible to obtain weekly clear¬

all cities of the United

ings will be 0.2% above those of the corresponding week last year. Our preliminary
total stands $13,975,704,660 against $13,942,401,729 for the same week in 1948. At
{his center there is
summary

for the week follows:

Week Ended April 2

Philadelphia—

:

Francisco

San

—

251,413,735

City

St. Louis
—

Pennsylvania—Altoona

1,114,504

7.0

983,921

943,502

942,983

+

0.1

585,086

975,067

904,246

+

7.8

988,579

688,480

2,637,228

2,968,905

—11.2

3,153,031

2,828,062

935,000,000

773,000,000

+ 21.0

865,000,000

808,000,000

—11.7

;

Chester

Lancaster

;

Philadelphia
Reading

2,822,856

4,717,667

Delaware—Wilmington

9,120,830

697,129

2,682,332

2,147,593

5.2

3,830,874

3,733,693

2,165,489

1,761,189

3.8

3,734,652

1,847,039

8,064,097

+13.1

7,849,485

5,997,059

5,658,163

4,193,584

+ 34.9

4,874,391

4,210,885

968,642,356

804,759,632

+20.4

895,847,840

832,782,279

York

Jersey—Trenton
(11 cities)-—

—

1,861,481
3,794.719

—

District—Cleveland—

6,339,696
:

5,625,364

32,670,500

27,638,400

4,580,444

4,669,944

Youngstown

6,823,562

5,329,323

344,858,215

255,648,678

895,695,440

*

Pennsylvania—Pittsburgh

8.4

Total

cities).

(7

12.7

+

185,098,184
306,971,607

Mansfield

4.4
—

181,968,596
318,454,427

Columbus

10.9
9.1

320,771,388

Pittsburgh

871,150

+ 24.9

„

Wilkes-Barre——

Cincinnati

1.7

310,352,000

296,834,000

_

—

3,197,446

4,470,669
2,325,673
3,652,132

Scranton

Ohio—Canton

10.4

276,900,000

251,700,000

.

8

1,036,236

Beuilehem

Fourth Federal Reserve

12.6

+

431,379,826

438,491,314

—

..

.

1948

8

Federal Reserve District—Philadelphia—

Cleveland

u_

1,015,000.000

—

Boston,
Kansas

—

660,823,818

_

4.1

+

$6,959,268,619

$7,241,797,955
_

___

Third

1947

or

Dec. %

%

1948

1949

York

Chicago

Inc.

$

Total

Clearings—Returns by Telegraph

New

1948

New

Our comparative

gain for the week ended Friday of 4.1%.

a

1949

4,988,413

3,998,427

1.7

150,047,007

126,308,978

3.7

250,598,177

215,113,481

+ 18.2

23,830,200
3,587,649

19,080,800

1.9

+ 28.0

4,800,257

4,046,857

+ 34.9

264,333,255

247,768,447

'790,931,500

+13.2

702,184,958

619,720,369

—

+

—

3,403,379

'

Cleveland—,———

177,705,262

199,142,038
$10,697,224,926

+

0.1

West Virginia—Huntington

2,538,674,940

2,491,047,075

+

1.9

Virginia—Norfolk

.

five days

Other cities, five

days

';;.+
+

0.5

$13,975,704,660 $13,942,401,729

+

We cannot furnish them today,

0.2

inasmuch

as

Total

the week

going to press.

has to be estimated.
further below
we are able to give final and complete results of the week previous
the week
'ending March 26. For that week there was a decrease of 5.8%, the aggregate of
clearings for the whole country having amounted to $13,288,841,829 against $14,099,the elaborate detailed

058,143 in the

same

statement, however, which we present

Outside of this city there was a gain of 8.3%, the

week in 1948.

cities
-according to the Federal Reserve Districts in which they are located and from this
it appears that in the New York District (including this city) the totals are smaller
by 16.8%, but in the Boston Reserve District the totals are larger by 2.2% and in
the Philadelphia Reserve District by 20.4%. In the Cleveland Reserve District the
have recorded a decrease of 17.4%. We group the

bank clearings at this center

2,563,557

7.5

9,985,000

6.3

8,903,000

6,980,000

118,225,274

3.8

120,443,776

93,694,239

Carolina—Charleston

District of

'Accordingly, in the above the last day of the week in all cases
In

2,371,867
10,612,000

122,771,755

and in the Atlanta Reserve District of

its credit

13.3%.

District of 5.3%,

The Chicago Reserve District has to

the Minneapolis
totals show an
Dallas Reserve District of 3.5% but in the San Fran¬

gain of 4.8%, the St. Louis Reserve District of 7.6% and

a

Reserve District of 23.1%.

In the Kansas City Reserve District the

and in the

increase of 1.3%

cisco Reserve District the totals show a decrease

3,105,455

3,006,955

3.3

2,747,264

2,587,621

212,781,083

3.9
+ 13.5

188,879,434
56,927,464

164,884,246

59,534,226

427,582,085

(6 cities).

406,096,095

5.3

380,076,646

322,226,955

of 2.8%.

;

.

following

we

furnish

a summary

16,015,730

Nashville

12

—.

2nd New York

3rd Philadelphia

cities

12

11

(4th
5th

Cleveland----—.—-Richmond

..

Mobile

_

+

9.7

7.2

3,623,941
2,811,206

2,720,917

„■:,+

+ 18.4

78,170,769

74,678,478

93,808,768

92,348,299

+

85,218,422
5,441,948

66,671,433

.

6
1ft

—

16

7th

Chicago

8th

St.

9th

Minneapolis

7

10th Kansas City

10

_

_

Louis—

4

-

'

12th

San Francisco—.— ..10

'

—

Dec.

$

%

-111

2.2

503,677,681

—16.8

7,982,820,156

7,089,875,747

+

968,642,356

+

20.4

895,847,840

832,782,279

895,695,440

790,981,500

+

13.2

702,184,958

619,720,369

427,582,085

406,096,095

+

5.3

380,076,646

21.0

337,724

10.8

288,827

294,269

135,380,459

98,669,364

+ 37.2

121,720,222

101,050,411

585,446,381

Orleans

Seventh Federal Reserve

+ 13.3

556,904,481

481,195,778

—24.9

861,666

1,521,903

7,904,787
4,266,663

6,578,890

District—Chicago—

Michigan—Ann Arbor

975,186

—
-

Indiana—Fort Wavne

585,446,381,

+ 13.3

556,904,481

844,261,168

805,265,244

+

4.8

882,703,525

772,561,087

500,647,215

465,378,377

+

7.6

417,488,437

346,096,244

382,113,720

310,489,518

+ 23.1

314,832,659

236,740,616

451,722,952

445,927,838

+

1.3

421,176,650

295,479,341

285,465,364

+

3.5

729,241,342

750,191,737

13,288,841,829

14,099,058,143

6,392,210,521

44

44

44

44

44

.week ended March 26 for four years:

4,687,574

4,259,934

41,383,000
5,621,684

5,421,788

Terre Haute

12,329,869

l—
District—Boston

1948

$

+V+

•+

1,674,965
3,439,759

461,845,520

450,166,875

798,234

+.

t

•

3,394,380
t

t

•

63,003,069

58,124,190

+

8.4

49,532,074

43,077,576

3,492,513

+

1.4

3,547,639

2,788,217

27,162,227

25,407,453
10,563,763

+

6.9

30,779,379

25.771,687

12,030,050

917,057

746,749

645,561,901

v

624,616,251

"

Rapids

Des Moines

-

-

City

13,261,237 !

+ 13.9

9,948,708

1,028,781

828,834

3.4

703,136,444

620,870,240

1,892,727

+ 24.6

2,497,915

9,297,048

8,285,540

+ 12.2

3,626,917

+

5.0

8,895,024
3,879,020

7,040,961

3,§09,889
2,849,532

2,396,994

+18.9

2,659,936

2,109,515

844,261,168

Illinois—Bloomington
Chicago

805,265,244

CO

882,703,525

772,561,087

_

Decatur

——

—Ji# •''''

-

:+

+ 22.8

+

•

&.:

'■>

1,884,155
2,969,520

Eighth Federal Reserve District—St. Louis—
Louis—

281,600,000

273,900,000

2.8

232,400,000

206,800,000

Kentucky—Louisville.

121,828,107

110,793,847

+ 10.0

Tennessee—Memphis-

95,727,263

+ 20.9

101,004,683
82,564,421

60,990,731

1,491,845

79,182,018
1,502,512

0.7

1,519,333

1,080,248

500,647,215

465,378,377

7.6

417,488,437

346,096,244

+

Illinois—Quincy
Total (4 cities).

'

77,225,265

Ninth Federal Reserve District—Minneapolis—

Minnesota—Duluth-

5,849,454
215,461,790

—14.9

5,567,154

4,630,517

258,628,525

+ 20.0

222,328,120

163,584,438

96,687,111

71,155,526

+ 35.9

69,153,795
5,182,359

54,541,189

4,976,701

—„

Minneapolis—
,U

St. Paul-

North Dakota—Fargo

6,398,631

South Dakota—Aberdeen

3,344,501

4,599,150
2,904,886

+ 39.1

188,172,307

Montana—Billings

2,784,227

2,737,687

+

1.7

3,050,158
2,264,781

9,094,024

7,781,025

+ 16.9

7,286,292

1,906,127
2,077,603
6,300,122

13,931,293,319

12,264,492,580

382,113,720

310,489,518

+23.1

314,832,659

236,740,616

6,163,308,891

5,348,016,774

Helena

Total (7cities).

1,262,016
3,619,109

+

2.6

430,500,099

1.2

1,329,913

1,152,076

5.6

662,170

Omaha

+

.

—15.0

1,442,967

1,185,521

1.4

6,489,493

301,987,760
9,227,320
1,879,120
1,992,727

Joseph

307,754,327
11,022,990
1,730,282
1,397,770

451,722,952

City

5,906,205
10,677,806

445,927,838

+

0.9

+

0.7

457,943

355,333

+' 2.3

5,703,237
108,058,574

4,616,221
84,105,644

1.9

4,949,554
8,738,393
280,569,509

7,416,790
209,444,734

—16.3

9,597,918

7,022,154

+ 12.0

+ 19.1

7.5

—

—

301,660

227,734

4,509,473

3.9

4,333,826

3,706,104

19,852,261

+ 20.7

19,949,357

20,666,657

7,600,086

+ 14.3

7,967,131

7,510,158

Colorado—Colorado

Springs

Pueblo

Total

(10 cities)

8.6

1,516,235

1,431,812

+ 42.6

1,283,627

1,182,120

+

1.3

421,176,650

320,312,015

1.9

5,660,808

+

4.4

186,213,000

4,791,667
153,804,000

5.3

20,533,710

16,625,971

+

■5,013,610

23,966,144
8,688,011

29,101,800

—15.8

1,132,611

+

9.6

528,650,529

+

2.2

25,340,800
;

20,316,600

1,021,393

6,347,047

Louisiana—Shreveport

-14.2

4,026,000

+

7.6

7,588,956

+ 18.7

2,557,731
8,043,248

4,823,000
2,009,782
6,117,887

295,479,341

I

3,710,493

9,008,664

Wichita Falls

6,174,000

3,991,225

Galveston

238,462,000

5,300,000

Fort Worth

6,469,688

249,004,896
21,827,509

Dallas

285,465,364

+

3.5

227,034,497

188,172,307

23,060,227

—

1,082,679

503,677,681

Eleventh Federal Reserve District—DallasTexas—Austin

476,090,038

Total

540,462,155

100,824,015

7,035,298
9,880,450

Wichita

St.

523,843

446,864
5,643,736

494,650

+

755,928

—

Total (12 cities)—

5,772,054
112,969,686

Kansas—Topeka

3,700,620

City—
528,537
*450,000

——

—

+ 22.0

410,080,858

4,857,600

1,241,606

$

1,399,857

4,669,109

Hampshire—Manchester

1946

3,240,675

—

24,517,300

$

3.9

6,888,468

Rhode Island—Providence

1947

+

1,584,845

New Haven

Nebraska—Fremont
Lincoln

—16.0

6,795,005

Connecticut—Hartford

+

578,719,145

Dec. %

1,346,520

_

—

646,545,789

Inc. or

New Bedford

New

37,090,000

4,711,031

8.3

+

Springfield

,

3,152,850

41,369,000

3.6

5.8

—

1,595,331

1,613,857

Fall River

;

4,372,929

+ 17.6

2,357,687

Iowa—Cedar

Missouri—Kansas

3,573,538

Worcester

+ 10.0

—

2.8

—

\

1,407,311

" Portland—

Massachusetts—Boston

t

3,533,651

3,540,674

Wisconsin—Milwaukee-

Hastings.

$

at—1

Maine—Bangor—
.

4.5

320,312,015

Week Ended March 26

1949
'

First Federal Reserve

2.6

+

48,658,000

Indianapolis

Tenth Federal Reserve District—Kansas

"

+

4,817,321

227,034,497

;

showing the figures for each city for the

We now add our detailed statement

Clearings

8,730,973

481,195,778

44

'

;

1,299,235

8,957,67.6;-

5,031,810

Grand

322,226,955

663,489,732

44

cities

4,645,290

7,007,928

__

Total (10, cities)

Missouri—St.

804,759,632

4«

Outside New York City.

1,960,121

$

476,090,038

7,920,405,928

Dallas1 ——U—

^ Total .-1

1947

Inc. or

1946

6,589,504,273
it

44

11th

528,650,529

540,462,155

1.6

301,402

_

Springfield

6,924,875,856

7

-

--

-

_

6th Atlanta

$

$

11,439,203
45,435,656
172,300,000

V

CLEARINGS
1943

1949

Week Ended March 26

Federal Reserve Districts

1st Boston—

BANK

195,600,000

2,751,086

Total (16 cities)

OF

SUMMARY

6.1

3,519,322

Mississippi—Vicksburg

Sioux

4"

84,646,934

3,859,762

_

Alabama—Birmingham

Rapids
Lansing

50,889,337 1

+ 13.4
•

100,183,306

_

—

Florida—Jacksonville

Louisiana—New

13,139,809

+ 29.9

12,329,480
59,136,244

224,700,000

2,949,163

Augusta
Macon-

i

67,053,745
238,400,000

_

_

Georgia—Atlanta

Peoria:

'

by Federal Reserve Districts^

+

52,357,475

Sixth Federal Reserve District—Atlanta—

Tennessee—Knoxville-

Rockford-.

In the

1,723,374

67,561,274

Columbia—Washington

South Bend

ttotals show an improvement of 13.2%, in the Richmond Reserve

2,175,708

221,159,734

Maryland—Baltimore

foregoing will-appear

figures are not available at time of

ends Saturday, and the Saturday

South

0.5

754,129,728

Complete and exact details for the week covered by the
issue of next week.

Reserve District—Richmond—

Richmond

727,497,487

I—.

Total all cities for week__

our

Fifth Federal

$13,248,207,173 $13,188,272,001

Total all cities, five days

All cities; one day—

in

10.8

$10,709,532,233

Baltimore——
Ten cities,

9.6

+

272,173 502

298,268,605

—

(6 cities)

Twelfth Federal Reserve District—San Francisco—
Second

New

Federal

Reserve District—New

11,429,006

York—Albany4'

11,447,720

2,384,652

Buffalo
:

:

2,608,422
80,455,311

—

0.2

9,039,058

7,788,648

—

+

8.6

2,157,966

2,093,986

1.0

81,448,704

50,009,497

+

6.4

1,210,224

1,024,699

1,575,273

+

4.5

1,221,965

1,155,695

6,363,965,973

New York

1,292,285

1,645,590

7,706,847,622

—17.4

7,767,984,428

6,916,475,806

Utah—Salt Lake City

California—Long Beach

18,032,342

17,390,190

+

3.7

14,389,878

13,387,771

Syracuse

12,346,173

11,891,754

+

3.8

9,246,073

7,332,656

Connecticut—Stamford

15,392,743

11,086,834

+ 38.8

10,427,978

558,987

449,504

+ 24.4

615,786

479,820

36,059,382

32,352,474

+ 11.5

34,414,892

30,246,867

45,057,417

43,008,539

+

4.8

50,663,204

42,769,691

7,920,405,928- —16.8

7,982,820,156

7,089,875,747

5.1

100,579,626
3,303,729
96,304,079

96,977,746
3,107,570

2.2

57,611,533
11,529,767
8,382,697

51,306,211
8,490,297

+

12.3

43,666,053

+

35.8

8,400,364

33,321,308
7,488,704

+ 30.9

6.0

6,158,186
369,539,456

336,529,486

4.0

8,733,508

7,974,072
2,636,758

6,405,006
391,501,904
9,377,325
3,314,897
7,838,530

750,191,737

13,288,841,829

14,099,058,143

6,924,875,856

6,392,210,521

367,998,369

8,999,786

Jose

Santa Barbara

Stockton

—

—

79,550,869

5,527,634

6.4

2,710,807

—12.4

7,149,981

5,604,998

2.8

646,545,789

578,719,145

5.8

13,931,293,319

12,264,492,580

8.3

6,163,308,891

5,348,016,774

—

8,110,611

jersey—Montclair

8.1

+

+

729,241,342

San Francisco

Rochester——

—

140,610,620

3,103,924
6,868,149

Pasadena

San

,

128,379,103
2,967,844

143,662,637

Yakima

Oregon—Portland

1,374,451

;

Jamestown

117,946,178
3,118,302

Washington—Seattle

81,257,557

Binghamton

Elmira

York—

New

Newark
Northern New Jersey

—

Total

(10 Cities)

Grand Total

•Estimated
tNot

Total (12 cities)




6,589,504,273

(111 cities)

Outside New York

included

JNot available.

in

totals.

—

+

46

COMMERCIAL

THE

(1486)

&

FINANCIAL

CHRONICLE

Monday, April 4, 1949
NOTICES

Foreign Exchange Rates
a

record for the week gust passed:

FOREIGN

EXCHANGE

CERTIFIED

RATES

Y

,

FEDERAL

BY

MARCH

1049

25,

RESERVE

MARCH

TO

Unit

Noon

r>YY.Y

For certain industrial

in

Buying Rate

TREASURY

UNDER

TARIFF

ACT

1930

OF

United

for

States

Cable

in

products

—

Mar. 26

Mar. 28

Mar. 29

$

.SYr

,

$

Mar. 31

Mar. 30

:"YY' V

.297733*
.251247*

.251247*

.200000*

Closed

.200000*
3.211150

3.211150

.022812

.022800

.022800

Minnesota Transfer

.020937

.021025

.021225

.021300

.054406

.054406

.054406

.054406

.054406

1.000000

1.000000

1.000000

1.000000

1.000000

.931718

.932656

.935156

.936093

.936250

.301166

.301166

.301166

.301166

.301166

.020060

.020060

.020060

.020060

3.211250.

.208535

.208535

.208535

4.029921

4.029882

4.029843

.

,.

Closed

4.031171

.004671*

.004671*

Free

" .003132*

—_

.004671*

.003132*

•

India, Dominion of, rupee

.301678
.143566

.143566

Netherlands, guilder

.376500

.376250

1st

.301678

Union of South Africa, pound—

Uruguay, peso
tApplication

depends

upon

5000

1.000000

East

.933333

3.990090
.201580

.201580

Tennessee

.497300

.497300

.497200

,497240

,040321

.040321

.470833

.470833

.278228

.278228

.233629

.233629

4.007500

4.007500

Closed

,658300*t

type

3.990090

.040321

4.007500

.588223*!

mortgage extended
Silk

.561799*!

Y.561799*$
.531909*$

thousands

of

Increase (+)

first

crease

Mar. 30,

Y
Gold

:

certificates

Redemption

Mar. 31,

1949

1948

$

i

$

22,466,429

fund

for

F.

(—) since

Mar. 23,

1949

Assets—

1,237,259

9,999

+

2,607

.+

—

R.

notes

610,220

—

38,621

Demand

the

and

Industrial
U.

7,392

+

6,341

298,116

—

advances

loans

Govt,

S.

+

340,229

—

23,076,649

reserves-—

cash,,*.,,,

Discounts

761

—_

295,759

Y, 19,326
131,842

—

5

—

1,198,638

+
—

—
,

3,024

securities:

Bills

5,300,319

+

82,526

Certificates

6,866»979

+

235,210

Notes

384.600

Bonds

+

9,276,500

________

—

—3,550,782
2,385,804

+

+

Total
Due

F.

R.

of

Notes

+

securities— 22,127,275

153,336

+

—

142,428

+

119,672

2,455,591

—

32,137

—

assets

156.823

;

—

540

—

.

—

—

227,582

+

4.456

7

member banks follows:

assets—

48,308.425

—

46:

Inc. (+) or
Dec. (—) Since

667

Mar. 23,

+ 1,719,922

Loans

23,356,796

20,593

bank—reserve acct. 19,018,563

341.776

Deposits:
U.

S.

Treasurer

Foreign

1,678,241

246,691

694,208

13,238
7,154

—

21,887,222

101,169

2,204.926

235,606

acct.

gen.
—

Other

Loans

293,365

+

496,210

—

2,379,844

+
—

deposits

—

17,563

Deferred

availability items
Other liab., incl. accrued divs.

15.002

1,835

liabilities——— 47,463,946

359,203

+

Real

for

U.

Capital Accounts—
Capital

Surplus

_____

204,250

—_

(Section 7)

466,711

(Section 13b)
capital accounts

Surplus
Other

dealers

for

29

+

6,483

+

+

18,522

+

77~226

+

6,777

accts. 48,308,425

352,397

+ 1,719,922

Government

of

serves,

gold
to

certificate

re¬

combined—

Contingent liability on accept¬
ances
purchased for foreign
correspondents
'
.

Commitments

to

make

securities—total

4,992

+

0.1%

+

+

252

+

0.6%

+

.

#

Federal

Reserve

Banks

193

173

~

858

Domestic

—

11

—

5,188

to

during

Condition Statement of Member Banks
The condition statement of weekly reporting member
banks of the Federal Reserve System in leading cities

principal

changes

for

the

*March

and

States

Government

securities, $709,000,000 in
deposits adjusted, arid $708,000,000 in demand

Holdings
New

York

2

+

+

114

—

17

+

+

463
81

275

—

432

—




Co.

Department"

318

—

118

—

1.500

+

48*

—

2,021

4.373

+

15
427

+

967

+

31

+

1,813

22

—

11

—

267

—

221

45,473

—

709

—<

5%

—

2

+

363

123

+

870

+

—

708

—

46

+

8

+

36

+

111

—

469

$4.50

Company,

preferred

$4.50

Power

Associated

4'/?%

the

current

volume

were

(except where indicated)
given in the "Chronicle."

in which

4-25

4-15

6-

1
1

3-28

4-

1

;

3-28

4-15

9

4-

4-27

4-20

4-30

4-15

5-16

4-21

—

?

4-15

4-

1

5-

2

4-20

5-

2

4-20

75c

.

25c

7-

1

6-14

$2.25

(quar.)

(s-a>

common

,

4-29

4-

10c

(quar.)

7-

1

$1.12Vi

6-14

Rubber

t J5c

4-29

1

4-20

(quar.)

5-

2

4-15

"$25c

5-

2

4-15 *

6-

1

5-11

IVzC

4-

1

3-15

4-

1

3-15

4-27

4-15

$2
15c

(quar.)„

(quar.)

common

preferred (quar.)
Apartments, $3 prior pfd. (quar.)
preferred (quar.)
:

Railroad

Stockyards

Co.,

(quar.),

com.

prefeired

Bourbon

1st

6%

2nd

Co.

4-

1

75c

5-

2

4-20

$1.50

5-

2

4-20

50c

4-

1

3-21

3-25

4-

1

4-

1

3-29

3-31

3-23

4-

1

3-17

$1

(Alabama)

4-

1

3-26

4-

1

5-

1

3-21

—

Co.
(quar.)
Telephone Co.—

preferred

3-25

43 %c

40c

;

Stockyards

6%

4-29

1

25c

Electric

Columbia

2

(quar.)

$$1.50

preferred

(quar.)

$$1.50

Brockway Motor Co.

(quar.)

50c
10c

3-17

4-26
4-15

Buchanan

Steel

Products

Corp

Bullock's, Inc. (Los Angeles), 4% pfd. (quar.)
Burroughs Adding Machine Co. (quar.),
Canadian Converters, Ltd., class A
(quar.)
Canadian Oil Cos., Ltd.
(quar.)
Canadian Vickers, Ltd.,
$7 preferred.
Caterpillar Tractor Co. (quar.)
Hudson

4(4%

Gas

&

Electric

preferred

Cleveland

$4.50

&

Electric

Land

&

Union

;
common

___

Preferred

Stock

Ltd., 6%

Connecticut

preferred A (quar.),
(quar.),,:
Printers, Inc. (quar.)

Connecticut

River

De

Vilbiss

Delaware

Power, 6% pfd. (quar.),
5% preferred (quar.)

Co.,

Company
Power

&

Detroit-Michigan
State

6%

6%

pfd.

Stove

Co.

Co.

Telephone

Second

conv.

(quar/),,,
(quar.),,,,

Co,

(quar.)

Oilcloth

Dominion

Steel

Class

B

&

&

4-11

1

3-25

3-31
5-

3-24

5-16

55c

1

4-

5-15
7-

preference

4-22

1

6-10
2-28

12 (/2c

4-

1

3-25

4-

1

3-28

3-31

3-23

$1.50

4-

5

3-25

$1.75

4-

5

3-25

25c

4-

1

3-25

$1.50

6-

1

5-16

$1.25

5-

2

4-11

$1.50

4-

1

4-20

4-

8

30c

4-30

4-

4

25c

4-20

4-11*

3-31

3-15

3-31

5-16

5-

2

(quar.)"

$20c

5-

2

4-15

$75c

5-

2

4-15

$37'/2C

(quar.),,,.

(quar.)
Linoleum, Ltd.

Coal

5-

2

4-15

$40c

4-29

4-

7

$25c

5-

3

4-

8

5-

2

Corp., Ltd.—

(quar.)

Dominion Woollens & Worsteds,

Ltd

$25c

4-15

Donnacona

4(4%

,

8

4-15

3-31

$1

20c
__

preference

Dominion

2

50c

(quar.)

(irreg.)

Light

redeemable

5-14

54-

12 V2c

conv.

Manufacturing Corp. (quar.)
Fabrics, Ltd., common,—

1st

5-31

13c

Fund-

—

preferred

Water,

75c

5

4-20

1

13c

(irreg.)
(quar.)

,,

(C. G.),

7%

5-

2

4-

5-14

$1.12'/2

Co.

Yards

Irregular
Conn

5-

4-30

$20c

15c

Banking
&

$18%c

$$52.50

6

4-12

10c

Securities

Stock

Bond

4-

1

6-10

35c

Co._„

Illuminating Co.,
(quar.)

preferred

Cleveland

5-

$1

__

Electric

$1
20c

4-15
4-14

$1.12V2

com.,

,

Cheney Brothers (irreg.)
Chicago Corp. (quar.),,
Gas

Corp.,

,

4-15

54-

60c

Securities Co

&

4-27

$1
35C

$1.50

Co., $4 preferred

convertible
1st

4-29

1

$1.50

10c

Mfg.

British

1

5-

'

Associates,

6%

6-

Ltd.—

Extra
Barcalo

Belt

6-

$1.25

(quar.)

(quar.)

Co.

Beacon

7%

4-11

2

$22V2c

Telephone Co.,

preferred

Baldwin

5-

$$1.12'/2

(quar.)

preferred

preferred (quar.)
Topeka & Santa Fe Ry. (quar.),,,
Artcraft Mfg. Corp., conv. preferred (quar.)
Attleboro Gas Light Corp. (quar.)

Dodge

bonds, notes,
preferred and common
redemption,
including those called under sinking fund provisions.
The date indicates the
redemption or last date for mak¬
ing tenders, and the page number gives the location in

4-27'

$1.25

25c

5%

Diamond

of corporate
stocks called for

HolderI

5-16

75c

Dominion

list

When

Payable of Rec.

$2.50

Co., 5%

Davidson-Boutell

the details

are:

:

Atchison

Davenport

Notices

when

week

3c

common

Corp., Ltd., common
4(4%
convertible preferred

Composite

Redemption Galls and Sinking Funds

the

$1.75

Argus

Commercial

figures revised (Boston District).
tBeginning June 30, 1948, individual loan items are reported gross,
1.e., before deduction of valuation reserves, instead of net as previously
reported.
Year-ago figures have been adjusted to a gross basis.

a

in

(quar.)

(s-a)

preferred

Cleveland

20,986

table in

second

15c

Co.,
(s-a)

preferred

Cincinnati

16

Below will be found

168.

Appalachian Electric Power—

918

15,113
2,097

UVol.

$15c

(Montpelier, Vt.)

American-Marietta

235

+

a

...

Investing Corp
(quar.)

Fidelity Co
Quarterly

2,789

—

deposit accounts, except
U.
S.
Govt,
accounts,

deposits

of Treasury bills' decreased $147,000,000 in
City and by smaller amounts in nearly all

Inc.

Can

Birmingham Fire Insurance
Quarterly

1,374

credited to domestic banks.

Commercial, industrial, and agricultural loans de¬
creased $73,000,000 in New York-City and by smaller
amounts in nearly all other districts. Loans to banks de¬
creased $114,000,000.
r jr;
v"

Fisher,

35

—

167.

$1.50

—

week

demand

follow with

(quar.)
(resumed)

3

—

§Vol.

Co.

+

ended March 23: Decreases of

$133,000,000 in commercial,
industrial, and agricultural loans, $432,000,000 in United

Gas

86

8,094

week

166.

(quar.)

&

—

44*

533

demand

*

I126Q

25c

International

Central

Borrowings

1339

1

Share

4

—

768

banks

News

+

—

14,179

,

tVol.

we

Beverly Gas

1,970

deposits adjusted
deposits, except Government
U. S. Government deposits
Interbank demand deposits:

Then

American

85

967

Foreign banks
2,512

following

8

4,874

vault—

interbank

the

+

32,680

Time

Debits

shows

401

25,144

with

&

American

391

''""♦+

1,695

Demand

51.0%

indus¬

trial loans

+

Liabilities-

deposit and F. R,

liabilities

note

133

20

4,086

securities
in

—

+

3,843

Balances with domestic banks

Ratio

Alles

Allied

Oil

Bessemer

..

1

July

Anytime

Beaux-Arts

441

Treasury certificates of indebtedness—
Treasury notes

Cash

1,413

460

loans

estate

Reserve
Total liabilities & cap.

1,275

+

purchasing or carrying:
obligations

loans

Other

+

832

U.S. bonds

27,543

145,975

193

193

obligations

§1591

1951

Company

preferred

Penn

$6

to banks

S.

—

pur¬

Treasury bills

in

paid

1,483

—

securities

Other

1,617.691

—

24,990

Government

Other

925

—

610

and agricultural

securities

S.

Loans
Total

and

Government

loans

U.

248,134

—

6%

carrying:

or

Other

2,277,596

+

brokers

S.

Other
Total

—

14,962
to

U.

1948

24,696

chasing

208,680

1949

61,749

loans

Member

,

Investments—total—

Loans—grosst——
Commercial, Industrial,

410,846

—

Mar. 24,

(in millions of dollars)

and

Loans—net

Liabilities—

Federal Reserve notes.—

Mar. 16,

1949

19,455

+

352.397

1

—May

1953—

Inc.

F.,

Arizona

Assets—

Total

T.

All

'

of the assets and liabilities of reporting

summary

Jun

2024

show the dividends previously
announced, but

Investment

Amoskeag

,

607

—

due

5s,

& Straus, Inc
Agnew Surpass Shoe Stores, Ltd.
Albermarle Paper Mfg., 7% pfd.

Borrowings of reporting member banks increased $36,A

due

Abraham

each in the Cleveland and Richmond districts.

284,004

—

36

—

806,479

bonds,

*

1

Per

A.

Government deposits

,

1007

15

are

week.

we

Name of

increased,, $123,000,000. De¬
deposits credited to domestic " banks decreased
$210,000,000 !in New York City, $127,000,000 in the
Chicago District, $60,000,000 in the St. Louis District,
$46,000,000 in the Kansas City District, and $42,000,000

941,345

49

other banks—

items.

premises

Other

21,828,398

foreign banks——

Uncollected

Bank

and

loans

from

securities-

S. Govt,

Apr
Jun

The dividends announced this week

mand

3,605,123

*

CALLED

$48,000,000.

District, $58,000,000

000.000.
Total U.

increased

in the Kansas City
District, and $45,000,000 in the Dallas District. United

—1,498.800

17,050
181,450

ISSUE

grouped in two separate tables. In the
bring together all the dividends announced the

we

and

deposits

Cleveland

♦

1

declared.

adjusted decreased in all districts,
the principal decreases being $186,000,000 in the Chicago
District, $176,000,000 in New York City, $70,000,000 in

States

Total gold ctf.

Other

decreased in

was

Government bonds

States

1

which have not yet been paid. Further details and rec-»
ord of past dividend payments in
many cases are given
under the company name in our "General
Corporation

districts; there was a net decrease of $318,000,000
reporting member banks. Holdings of Treasury

United

or de¬

mortgage

Dividends

nearly all
$118,000,000; the prin¬
cipal decreases were $62,000,000 in the Chicago District
and $25,000,000 in the St. Louis District.
Holdings of

dollars)

May

stock—July

preferred

DIVIDENDS

.531909*$

certificates of indebtedness also

$3.75

•Announcement In this issue.

.561799*$

.531909*!

districts and the net decrease

Reserve Banks Combined

Co.,

Hosiery Mills, Inc., 7% preferred Stock.
Coal, Iron & RR. Co.—

current

all

Oil

.588223*$

.531909*!

at

1339

4.007500

.588223*!

,561799*t

other

*

1

bonds, due 1970

.658300*$

.658300*!

,588223*t

Statement of Condition of the 12 Federal

1

May

.233629

,

merchandise.

of

lilay

Co.—

.278228

.233629

.658300*!

1st
Real

.

.470833

.278228

314%

Associated

1337

.040328

.470833

"

Gas

*

21

Apr

End

General

.933750

Y

I960——

Avenue Building Corp.—
bonds
Telephone & Telegraph Co.—
1st mortgage 5s, series A, due 1952
Ohio Power
Co., 6%
debenture bonds, due
Peoples Brewing Co. of Trenton—

.376187

1.000000

due

1st mortgage and general
mortgage

which

(in

1336

1

New England

.932500

.531909*t

;

rate.

1

—May

Co.—

Pag*

.201580

4.007500
.658300* t
,588223*t
.561799**t

Uruguay, peso

Jun

«

1958

t2410
1332
1333

3.990090

Switzerland, franc

Uruguay, peso

*
1008

Date

.930208

.233629

___

Uruguay, peso

1

Company and Issue—

.201580

Closed

.040321

,

Bweden, krona

"■Nominal

1.000000

.470833
.278228

I

Straits Settlement, dollar

1

Appalachian Power Co., 6% debs., series A, due 2024
July 1
Hotel, Inc., series C debentures, due 1955—Apr 21
Fiduciary Management, Inc., 4% preferred stock
Apr 15

.497240

Philippine Islands, peso
Portugal, escudo

1

May

Commodore

.143522

.376187

Water

3.989886

.929166
3.991336

!

Norway, krone

*

May

1961_May

___

debs., due

bonds, dated 1936
3 % debentures, due

Fibre

California

.201580

New Zealand, pound

*
1218

1

15

\

■

_

ENTIRE

.301678

.143522

.376222

1.000000

1.000000

Free

,

1963—*

debentures,

mortgage

Tide

.003134*

.003132*

.301673
.143515

Vulcanized

Southern

Newfoundland, dollar—
Official

May

1962—Apr

'

Pittsburgh Steel Co., 1st mtge. 414% bonds, due 1958
Roberts & Oake, Inc., 1st mtge. 6%
bonds, due 1954

.004671*

.004671*

.003134*

}

.301678

Mexico, peso

.

1967

debentures, due

Ry.—

& Co.,

15-year 414%

'''V.

J'■'r "

Official

(John)

National

4.030000

Prance (Metropolitan), franc—
•'

20-yr. 3%

.208535

Free

1

bonds, series A, due

mortgage 3%%

Morrell

Canada, dollar-

England, pound sterling,,,,

RR.—

.020060

.208535

1st

.022795

_

Denmark, krone

Southern

314%

bonds, due 1972

.200000*

.200000*

3.210983

.020912

Ceylon, rupee
Czechoslovakia, koruna

Apr

Firestone Tire & Rubber Co., 20-yr 3%
Lake Placid Co., 2nd mtge. 3%

.297733*

.251247*

Y

*

REDEMPTION

Atlanta & Charlotte Air Line Rv.—

$

$

.297733*

.022846

Official

Great

mortgage

1st mortgage 33/4s, due

.297733*

3.212150

-

Page

1st

.251247*

.200000*

—

Date

Alabama

York

New

.251247*

Australia, pound

1339

PARTIAL

.297733"

Belgium, franc
Foreign "bank notes" account
Brazil, cruzeiro

18

593
'

;

Money

Transfers

';'Y: S

—

1338

'

INCLUSIVE

1949,

Fagi

.

American Tobacco Co.,

Mar. 25

Argentina, peso—
For "regular" products
For "non-regular" products—

31,

TO

Date

Valley RR., 1st & ref. mtge. 4V2s, due 1961_Apr 12
Marcy, 1st mtge. leasehold 6% bonds, due 1950—Apr 18
Pennsylvania-Central Airlines Corp.—
'
15-year 3'/2% convertible income debs., due I960——..Apr
4

Company and Issue—

Value

and Monetary

Country

BANK

TENDER

Quaker City Cold Storage Co., Inc.—
1st mortgage bonds, due 1973

Pursuant to the requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank certifies daily
to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the world. We

give below

OF

Company and Issue—
Aroostook

Paper Co., Ltd.—
convertible preferred (quar.),-

$$142(4

5-10
<~i

,v"

-us,

4-15

.

ax

*

,

Volume

169

Number

THE

4791

When

Per

Name of

Dryden

Paper

Eastern

Corp.

Eastern

Stainless

Edgewater

$30c

(quar.)..

Ltd.

Co.,

Steel

(resumed)—-.

Corp

■

Fulton

Bag

Gardner

4%

Denver

Steel

5%

Inc.

preferred

4-15

1

Sargent

2

$2.25

3-31

3-18

Shaler

5-

4-

Sheraton

7-

1

Scranten

5-

4-15

1

4-

4-15
1

4-11

3-31

Southern

3-31

3-29

4-20

4-

5-

2

4-

5-

2

4-

5GV4c

4-

1

3-22

Hall

(C.

Halle

5%

M.)

Bros.

Harris

(A.)

&

(quar.)--

$1

$1.25
25c

6-15

5-16

Suburban

4-11

4-

(quar.)__

preferred

Manufacturing

Hayes

Machine

Hendey
Hercules

Holly
Home

Gas

&

Inc.

Illinois

(quar.)__

Co.

Co.

Power

(quar.)_

(quar.)

(quar.)

Hardart

(N.

4-

8

Time

4-30

4-14

G'/r

3-31

3-23

5-

2

3-30

50c
$1.25
25c
37V2c
40c
25c

(quar.)

common

preferred

Electric

&

Drugs,

Horn

preferred

5%

Co.,

Corp.,

convertible

Hook

Corp

Co., $2 class A (quar.)

Powder

Sugar

5%

4-29

40c

—

(ineg.i

5-

Thermatomic

$1.37Va
60c
$1.12V2

(quar.).

Matx (quar.)
America, 4V2% pfd. (quar.)

Electric

4-

4-25

1

8

Final

—

1

3-21

$3.70

3-19

3-31

4-11

Union

Sulphur

2-24

•

1

27V2c

—

U

6-15

27V2c

U

4%

preferred
Tea

(quar.)—

common

5-

$1
60c

(quar.)

Co.,

preferred

Johnson

4%

2nd

ZVt%
Kable

Fund,

Inc

—

Brothers "(quar.)

City

3.803
4%

Power

Kennedy's,

Inc.,

±.——

(quar.)_

Funds

"B-2"—__

series

%

"S-3"

Series

Kobacker

Material

Line
Lee

4"2%

Company,

Rubber

Co

Link-Belt Co.
Extra

Extra

&

Class

A

—

Co
Zinc

(quar.)

(irreg.)—

Co.

Ltd., class B

Co.,

(quar.)__

——-

—

McKay Machine
McQuay,

Inc.,

Medusa

Mercantile
«

5%

5%

preferred

Portland

(quar.i

Co

Cement

Acceptance

preferred

(Calif.)

Corp.

Products

(quar.)!!

Co., com. (initial quar.)
(initial quar.)
preferred (initial quar.)_

Minneopolis-Moline
$5.50

1st

$1.50

conv.

—

preferred

Minneapolis

2nd

&

Louis

St.

Ry

6%

1st

preferred

Mississippi

1

5-13

Warner

6-

1

5-13

$2.25

Co.

4-

4-20

preferred

A

Telephone

Mutual

Co.

4.8%

—

common

(quar.)
(Hawaii)

•_

preferred

A

42c

4-15

3-31

7%

4-30

4-15

A

(quar.)-—

preferred

A

(quar.)

Automotive

Fibres,

National

National
$7

Casket

preferred

National

2

4-15

5%

5-

2

4-11

4*18

preferred

Neisner

Neon

Tank

Bros.,

4-

3-26

1

4-25

4-

5-

2
1

5-

Northwest
Pabst

of

434%

conv.

10c

4-15

3-24

4-15

Airlines," Inc.,

Car

4.6%

pref.__

conv.

$1.50
$5
75c
tlOc
$15c
25c
25c

4-

3-15

25c
10c
25c
30c
$ 1.37Vb
37V2c
25c

5-

Co._

(J.

5-

1

4-13

4

4-

4-15

5-

Ainsworth

5

Air

4-15

2

5-

2

•4-15

4-

1

3-17

4-

1

3-15

4-

5

3-31

Akron

5%

4-15

4-

Allen

4-1

4-22

5-15

4-22

5-15

4-22

5-

Amalgamated
Common

American

4-15

-5-1

Increased

4-18

New

5-10

5-16

3-15

2

4-15

44-

4-29

4.3%

preferred

4.4%

American

Insulator

American

Light

2

3.90%

4-15

2

4-15

1

4-20

4-

1

3-25

3-24

American

Alh%

preferred

Fire

Potomac Edison Co.,

4,70%

preferred B

Proprietary

Mines,

4-

5

5-

4-

6

5-16

2

'

2

American

1

6-

1

5-

6-

1

5-

1

95c
$1.07'/2

5-

1

4-

8

4-

8

4-

8

5-

1

7%

*

preferred

3.60%

preferred

(quar.)

(quar.)
—

Ltd

Purity Flour Mills, Ltd.—
Redeemable
preference
(quar.)
Telephone & Power Corp.—

5-

1

$1.25

5-

2

4-20

90c

5-

2

4-12

$1.1?%

<quar.)„

5-

2

4-12

5-

5

4-

5

Anaconda

$87V2c

5-

2

4,-

8

Angerman

American

A

(annual)—-

One

additional

share

Red

Reed
$2

Top

share

33/4 %

A.)

Inc.,

class

Company,

for

$5

Button

A

(quar.)

4-30

'

each

100%

4-

7

12'/2c

3-30

3-21

B

25c

5-

I

4-21

50c

5-

1

4-21

5-2

4-20

(quar.)

_———




&

18%c
93%c
50c

5-

2

4-15

4-20
4-

5

Quarterly

B

1

9-15

Byers

4-16

3-16

Carble

5- 2

4-15

Caldwell

4-

8

3-25

$1.50

4-20

3-18

80c

10-

(quar.)

Lead

7%
&

pfd.

com.___

&

Hocking

Cable

(quar.)

(A.

4V2%

Glass

5-

(quar.)..

$1.75

5-

(Holding),. Ltd., pref (s-a)
Mills, common (quar.)
preferred (quar.).!

23/4%

7%

preferred

1st

preferred

3-25

California,

preferred

4'/2%

preferred

6%

Arizona

Edison

1

Ltd.

(s-a)

4-15

4-16

3-11

5-

t5c

4-15

,

(quar.)

1

4-15

40c

4-20

3-31'

4-15

3-31

preferred

(quar.)

$1.50

4-15

3-31

$1.17Va

4-15

3-31

4-15

3-31

4.70%

6-

1

5-15

5%

5- 2

4-21

Camden

4-15

4-5

Oregon

Power

Co.,

(quar.)_

com.

Canada

preferred

(quar.)

Packing,

preferred
Fire

____

62'/2c

:

Association

5-14

4-30

62V2c

(quar.)

common

(quar.)

Insurance

5-14

4-30

50c

(s-a)__

5-

2

4-

4-

9

Campbell (A. S.) Company, com. (quar.)
Iron Foundries, Ltd., common
6%
non-cum.
preferred
(s-a)

7

3-24

t40c

4-15

3-31

f30c

4-15

3-31

Northern

tl5c

4-25

3-18

Canada

Steamship

J50c

4-15

3-29

f 15c

7-30

7-15

I3lc

5-31

5-16

4- 5

3-29*

4-11

3-31"

4-15
4-18

3-31

10c

5-

4-14::,

Common

4-15

4-

1

Common

30c

5- 2

4-15

Common

5- 2

4-15

2

Power

Lines,
Canadian Breweries, Ltd.

Corp.,
Ltd.

4-15

5%

Bronze

Co.,

preferred

Canadian

Ltd. (quar.)
(s-a)___

Ltd.,

&;

4- 2

4-11

5-

2

4-11

t25c

Dock

5-2

IS1.25

5-

2

8-

common^

(quar.)

Dredge

Ltd.—

Co.,

(resumed)

:j:25c

$1.12%

6- 1

10c

4-15

3-21

10-

6

:r.25c

2-2-50

1-

*

$$1.50

4-14

3-;-: 5

$20c

4-15

3-31

$21c

5-14

4-

4-25

3-25

Canadian

7%

4

4-30

7-

4-15

$17'/2c

4-30

3-31

$$1.75

Investments,

Industries,

4-14

3-15

Ltd.

(quar.)

Ltd.,

common

(quar.)

Investors

Corp.,

Ltd.

Special

6

Motor

Lamp

75c

5-31

4- 8

4-15

4-15

4-

1

-

6%

6-15

pfd.

(quar.).

37V2c

6-

1

37V2c

9-

1

8-15

37V2c

12-

1

11-15

(quar.)

5-15

Carolina

Carpenter Paper Co., 4% preferred (quar.)
Carrier Corp., 4%
preferred (quar.)

$1

5- 2

4-20

50c

4-15

3-31

Celotex

50c

4-30

25c

4-30

4-0

37V2c

4-15

3-3!

50c

5-

4-15

85c

6- 1

5-10

40c
25c

4-15

4- 1
3-19

56V(C

5- 2

40c

5-2

11c

4-15

4- I*
3-31 '

50c

5-16

5-

4- 5

3-28

4-13

3-21

.>

8

I

Corp.,

Aguirre Sugar

5-2

4-8

$1

6-30

6-23

Central

Ohio

Light

$3

6-30

6-23

Central

Ohio

Steel

Central

Coal

Central

New

Chain

Co.,

$5 preferred

(quar.)

$1.25

7-

1

6-15

$5 preferred

(quar.)

V $1.25

10-

1

9-15

Store

4% %
Chase

&

Coke

Chemical

4- 4

Chesapeake

Investment

Fund,

Corp.

3.40%

Power,

Product?

Bank

Inc

of

,

Co

&

convertible

4- 4

—

Co.___

York Power,

National

50c

(quar.)____

J56V4c

Mills

(quar.)

common

preferred

>5%

Central

4-29
4-29

3-15

7-15

Ltd.

4-7

4-15

30c

4-15

tlOc

Lumber,

4-

4-11 *

30c

3-11

3-30

$1.25

50c
15c

(increased).

4-15

4-15

Clinchfield & Ohio Ry. (quar.)—
Power & Light Co., com

75c

(s-a)

4

(quar.). $$1.12V2

...

preferred

Carolina,

common

(quar.)

4-

.4- 4

$10c

Western

pfd.

Capwell, Sullivan & Furth 6%
6% preferred (quar.)

3-15

$1.75

2

$30c

4V2%

Quarterly
Quarterly

2

5-

3-31

Ltd.

Co.,

Refractories,

Canadian

5- 6

4-30

5-

$10c

:

Canadian

1

110c

(quar.)

—

Canadian

6

Ltd.—

(quar.)

General

preferred

Canadian

3-15

1

0

7-

11-2

:__

...

preferred

Canadian

5-21

4-

2

:(25c

...

____.

Common

6%

3-31

4-15

25c

Regular

4- 4

(annual).

Arkansas Natural Gas, common
Class A (increased)—.

5-

f20c

$1.75

6',!

5- 2

(quar.)

preferred

1

•

<quar.)_

3-21

4-19

Company

Cotton

4-15

5-

J37c

preferred

4-15

Telephone Co.—

Arcade

3-11

1

7%

50c

Corp.,

4-15

5-

75c

4-15

2

4-28

120c

(quar.)

5-4

$1.25
Co,

Co., Ltd.

7-

10-

1

Linen

2nd

4-

7-28

6-

Co.,

(quar.)

Wireless

&

4-28

10-28

$1.12'/a

M.)

preferred

6- 1

Smelting—

Oil

4-

J30c

$250

Co.—

(quar.)

Wire

4-28

130c

Corp.,
California Electric Power,

$2.25

Co.,

3-20

J30c

i

Brothers,

12V2c

$1.75

Telegraph

3-28

4-15

130c

Quarterly
Quarterly

5%

Anglo-Canadian

3-21

iquar.)_

class

(quar.).:
(quar.).:

Co.

Zinc,
preferred

Common

common

preferred

Rochester

common

—

participating class A

Rich's,

$40c
dividend)

held.

Brewing,

(C.

of

(stock

3-24
4- 8
4-20

Class

preferred-

Anglo Canadian

—

_

Raymond Concrete Pile Co.

Woolen

American

Anchor
—

4- 5
4-25
5- 2

$0.61826

Telephone
Quarterly —^

3-28

4-15

7-

15c

(annual)

Co.,

3-28

4-15

4-

25c

—

Smelting & Refining
preferred
(quar.)

1st

4-20

.4-15

10-

3-17
4- 5

Co.

American

2

15c

Extra

(Del.)

$3

4-20

5-

3V2c

I

2

2'Ac

(quar.)

4-14

5-

10c

(quar.)

A

4-1

4-30

25c

class

3-3X

4-15

$1.50

Inc.,

4-15

90c

4-28

4- 9
4-20

97V2c
25c

common

(bi-monthly)

Co.,

f40c

(quar.)

common

Canadian-Fairbanks-Morse,

Participating

Quebec

Class

Service

2-23

$1

Extra

American

5

2-25

7

J30c

50c

20c
common—

Insurance

Corp.

7

4-

7-28

25c

Special stock dividend

4-14
4-

Co.

4-

a2?a%

(quar.)

15c

(quar.)

National

2-25

a2V2%

(s-a)

10-28

Inc.—

imonthlyi_

Co.,

pfd.

J30C

Ltd.

Co.,

2-25

7

Canada

(quar.)

Maize-Products
Metal

7

4-

1

"

t30c

Machinery & Foundry—
preferred

4-

a5%

-

Quarterly

$1.25

(quar.)

American

4-1

4-21

Company—
A

Canadian

Co.,

3-31*

4-15

4-21

,

Quarterly

$1.75

Corp.

American

5-

&

Class

California

(quar.)

Corp.

5-20
5-20

(quar.)__!

preferred

Burns

"

J7c

5%

6%;

B

$1.12Va

Traction

&

preferred

$1.10

(quar.)

Class

1

ordinary

preferred

Plan,
:L__

Extra'.

37V2c

Products

3-AQ

-

4-14

(quar.)

Finance

25c

Inc.

3-26

t30c

Co

$3.60

Castings,

preferred

40c
$1

(quar.)

Home

6%

Co.,

Steel

Budget

Holdert

Co.—

Hoe

Growers,

American
5-

&

3-31

4-16

a2y2%

.

(s-a)

for

dep. receipts for 5%

Shoe

25c

preferred (initial quar.)

Fruit

4-21

Payable of Ree.

Car &

Fork

4-11

2

2

933/4c
>

pfd.

receipts
(interim)__,

County Trust

Brown

—

quar.)

American

4-15

1

$1.10

(quar.)

preferred

Phillip-Jones Corp.,

Bronx

$3

Y.)

(N.

5-

J60c

Amer. dep. receipts for 5% pfd. reg. (s-a)
British Columbia Power Corp., Ltd.—
Class
A
(quar.)

Corp.—

4V2%• preferred

4-15

5-

5-

10c

Co.

(quar.)

American

1

92Vbc

(quar.)

Amer.

2

*
;

4-

t25c

Tobacco, Ltd.—

deposit

registered

Inc.—

non-cum.

American

1

4-15

$75c

-

Ltd.!

Vancouver,

Calgary A Edmonton

Foundry Co.—
preferred
(quar.)
American -Fidelity
&
Casualty
Co.,
Quarterly
;
7%

4-28

3-31

5%

American

of

Company, Ltd
Co., 33/4% pfd. (quar.)
&

receipts for 5%

dep.

American

3-25

When

4-14

2

4-16

20c

(Mass.)

Trust

10c

Cos.,

(initial

common

New

8-23
11-23

1

Co.

American Bosch

5-23

6-12
9-12
12-12

4-15

t$1.50

pfd.

Amer.

3-25

5-

4-29

5-

^

4-14'

4-29

t$l

British-American

3-25

5-16

3

110c

Property
Ltd.___

H
G.)

Bristol-Myers

3-25

1

f
1

4-12

$1

Distillers

&

(T.

75c

(quar.)__

quarterly

Book

American

Seating

3.8%

4-

55-

5-

25c
70c

Extra

Bright

4-25

4- 1

5-15

3-20

4-25

62'/2c
$1.25
tlOc

1

5-15

$1

(quar.)

'

4-2.9,

4-15

5-10
$1.065-10
$1
3-31
$3.50
3-31

3-31
3-31

6-

3-31

5- 2

4-

4-15
4-15

4-15

25c

News

(quar.)—

4-15

4-15

4-22

% 4_15

Butler

common

Seal-Kap

(quar.)_

6c

37V2c

4-15

$32'/2c

15c

referred

Insurance

American

preferred B

1

$2.50

Leather

American

preferred C

1

4-

5- 2

4-15

25c

Cordage Co., Ltd., common...!.
preferred
(quar.)
Traction, Light & Pawer Co., Ltd.

Brewers

1

Co.—

Asphalt Roof Corp. (quar.)
Amer. Automobile Ins. Co. (St. Louis)—

4-18

5-

RR.

American

3-23

6-

Corp

(resumed)
Alliance

American

3.70%

12-

4-14

25c

Semi-annual

3-30

12-10

2

tl2V2c

6-1
9-

3-13

5-

$1.30
Brazilian

4-14

9-10

6-lO

4-15

Brantford

4-20

6-10

3-10

2

75c

(quar.),

Corp.

Co.

Mines,

25c
25c
15c

(quar.)—

Corp.

Quarterly

2

5-

Corp.,

9

4.40%

_---—

-

5

Philadelphia Electric Co.,

Personal

4- 6

(quar.)

1

7-

4-30

$10c
J25c

(quar.)

4-

50c
50c

(quar.)

(quar.)

W.)

Bralorne

50c

4-

(quar.)
Pennsylvania Electric Co.—

—

(s-a)

4-22

preferred

vtc

—

4-18

2

Stores

pref.

conv.

(quar.)

Boston

3-28

6-10

40C

Mills

(George

3-28

$1.12V2

Mills

4-

—

(quar.)

Borg

5-4

2

50c

:

B

Boott

5-4

6-1

7-

J50c

(quar.)

(quar.)___

3-28

25c

Share

5%

Canada

Company (quar.)
Company, class A (quar.)

Ami

3-21

4

6-1

40c

W.)

Edison

$1.25

common

Youngstown

of

$2

Inc.

Boston

$1.25
$1.25

—

(quar.)
Aluminum Co. of Canada, Ltd.—
4% preferred •• (quar.)

3-22

5-15

(E.

4-

35c

Works

pieferred

Bon

4-20

5- 2
5- 2

—

Industries

Allied

1

4-1

283/4C
75c

&

preferred

Alabama

4-30

2

*5- 1

37'/2c
$1.18%

Canton

5-

6%

3-31
4-30

—!___

Appliance

4-30'

—

$3
Bliss

4-15

75c
$75c

(quar.)__
(quar.)

Co.
Co.

Electric

4-15

Co.

3-30

25c

(extra)

Almagamated Sugar,

$1.50
25c

25c

Mfg.

:Reduction

Air-Way

35c

Cement

Co

8

:

4-

3-18

35c

(quar.)
(quar.)

Hats, Ltd., common
preferred A (quar.)
Blauner's
(Phila.),. common

7c

75c

&

4-

10c

Fund

75c

Davis

Park

4-30

I
8

4-15

25c

Hedges,

Foods,

4-

50c

(irreg.)

$1

4-11

3-31

—

Co.,

&

0-14

4-15

il2]/2c

Co.

Iron

9-3
12-13

Co., Ltd.—

(Boston)

Telephone

Best

4-30

3-31

—

common

Addressograph-Multigraph
Affiliated

(resumed)——

Portland

Parke,

5-16

5-10

50c
12V2c

Company

Jj-Tilford, Inc. L(quar.)
Pebble Springs Distilling Co.
(liquidating)Penman's, Ltd., common (quar.)L
^

Pacific

4-15

4-30

5-

5-16

Per

Name of

3-31

(increased)

Co.

2

5-16

Corp.

1

45c

(quar.)

preferred

Belmont

we

25c

Foundry

11.40

1

t37V2c

prefeired

$1.40

710-

1-2-50

-

$2.50

_______

A

Baystate
Bell

Corp.

(quar.).

(quar.)

(quar.)

Extra

7

50c

preferred

Ltd.

C.),

—

&

3-28

Works

Assn.

Y.)

Power & Paper

A

Class

3-24

25c

Mills

3-23

4-15

3-24

4-15

$$1.50

(s-a)

Worsted

Brewing

Pacific

quar.i—:—_

pfd. (quar.)
Western Canada, Ltd.—

preference

Jersey

(increased

Co.

3-15

3-31

Class

give the dividends announced in previous
weeks and not-yet paid. The .list does not include divi¬
dends announced this week, these being given in the
preceding table.
%

4

25c

non-cumulative

Below

8

$1.25

'.

4-1

3-31

5- 2

Corp

Mfg.

National

(N.

Iron

Bath

6%

3-24

4-15

Cement

California
Co.

(quar.)

common

Trust

of

Buckeye

Corp.—

(s-a)

4-15

$1.75

(quar.)_____%

(quar.)

Gas

Terminals, common
preferred (quar.)

Wilson

4-15

6-

Whitehall

'

$1

class A

Inc.,

Products

6%
New

Stores

&

2

4-15

$0.296875

preferred

is-a)

non-cum.

National

(Del.) —
(quar.)

Corp.

Manufacture

5-

4-11

5- 2

$1.50
$1.75

(reduced)

common

convertible

$2.50

(quar.)—

(quar.).,

Container

434%
National
$2

Co.,

Inc.

Bankers

4-29

3-31

!

Wiggins

5-

12c
12c
12c

(quar.)

preferred

4.8%

Company

3-31

—

4.83

4-15

5-13

Class

(quar.)

Light Co.,
$4.50 preferred (quar.)
$4.25 preferred (quar.):

8

5614c

(quar.i

America,

of

$7 pfd,

Investing

Washington

5c

(quar.)

Shipping

Plan

preferred
Street

6-

Mississippi Power & Light—

Morn*

Bank

5-

5- 1
4-15

preferred (quar.i

5'/c

—

(quar.)——

Michigan Seamless Tube—.
Middlesex

5%

4-18

50c

(quar.)

preferred

6%

Co.,

Hegeler

Grain

4-28

5c

Investment

Matthiessen

McCabe

Funu

Fund

:

Telephone

Mahor.ing

:
:
(quar.)

————■

Second

—

3-31

$1
50c

(quar.)
__

Mutual

!,

Loomis-Sayles
Lorain

Corp.

(quar.)

Loomis-Sayles

5-2

50c

;

Tire

&

preferred

5-

20c

Radiator

3-31

40c

<quar.)__

4-20

87V2c

Corp., 6%- pfd. (quar.)__
United Steel, Ltd., 6% pfd. A (s-a)
Valcar Enterprises (resumed)
:
Vapor Heating Corp., 5% pfd. (quar.)

4-15

2

S

4-15

(quar.)—

Co
Inc., 4V2% preferred

Lane Bryant,
Roi

(quar.)

Brewing

(G.)

Krueger

U

5-

20c
343sc
$1.50
25c
56J,4C
56'Ac

(quar.i

common

preferred (quar.)
Kokcmo Water Works, 6% preferred

40c

—

Storage, common
partic. prior preferred (quar.)
Participating
S. Glass Company
(resumed)

4-15

--

Inc.,

Stores,

$1.37V2

Bangor

4-15

pref.

,

partic.

non-cum.

Cold

55c

(quar.)

Custodian

4-15

75c

preference (quar.)

S

U.

5-2

95c
$1
30c
31 'Ac

(quar.)

common

:

Air Conditioning,

Wall

(quar.)

preferred

$1.25

6

7-18

Light—

&

preferred

prelerred

Keystone

6-

4-20

$1
87'/2c
20c
15c

pfd.

Mutual

Co

S

4-11

'

series A (quar.)
scries B (quar.)

pfd.

2nd

Kansas

Le

933Ac

——

Johnson—

&

Johnston

lquar.)

1

6-20

8-1

'

33/4%

5-

Hydro-Electric,

1

8

Corp.—

83/4c

62'/2c

(quar.).

,4%

Jersey Central Power & Light—
Jewel

California

Corp.

4-

83/4c

Cigar-Whelan Stores Corp.—

3-31

conv.

4-30

83/4c-

92V2c

(quar.)

2

3-15

Steel

3-31

"

(quar.)

$1.12V2

(quar.)

5-

4-

Porcelain

4-

4-15

25c

(quar.)

Biltmore

Oil

$3.50

Works

I.

4-12

$1.50

(quar.)—

preferred

20c

Union

United National

(Chicago)—
Common (initial)'——————

preferred

4-

7%

87V2c

4-12

of

4-12

4-15

Missouri—

(quar.)

2

Co.

3-25

37 V2C

Benson

(quar.)

preferred

9

5-

Inc.—

5-

Exchange Building

Common

(quar.)
...

Works,

preferred

$4.50

4-15

4-

(quar.)

Tung-Sol

of

(quar.)

6%

3-15

25c
12V2c

—

2

(quar.)

3-28

Co.

(quar.)

5-

preferred

3-19

preferred

Corp.

56V4C

(quar.)__

preferred

4-1

Electric

Collieries

preferred

7%

50c

pref.

$2.25

7%

Troy

$3.50

Corp.,

3-21

4-15

4-

a40c

—

Baltimore

Mfg.

5-16

4-

Imperial Tobacco Co. (Gt. Britain & Ireland)
Insurance

(irreg.)

common

United

(quar.)

3-21

(quar.)

4-

4-16

80c

3-15

4-15

B

(quar.)

6-

25c

Union

4-15

tlOc

Locomotive

$4

...

Building Association (increased quar.)
Sunshade Co

9

3-15

f20c

Baldwin

Traders

9

4-20

4-15

Backstay Welt Co.

3-20

5-3

1

5- 2

3-22

4-

4- 4

5-

4-15

Ayshire

3-20

4-

preference

2-

30c

(quar.).

5-

30c

4-

1

4-

4-5

Co., Ltd.—
class A (quar.)

Company,

1

2

prior

participating

Avco

3-21

4-

2

4-5

5-2

Class

4-30

4-

5-

5-2

J25c

"Participating

'

1

2c

5-

$1

(quar.)

J15c

60c

3-22

15c

5-14

4-25

Products

Fabric

Auto

3-22

50c

(quar.)

(quar.)

Lamp

conveitible

$1.20

3-21
4-15

Baldwin

$1
$1

(quar.)__

Co.,

preferred

preferred B

Bathurst

50c

______

1

3-10

4-

3-23

5-10

(s-a)_._

Steels, Ltd
Austin, Nichols & Co., Inc.—
$1,20 convertible prior preferred

3-22

25c

'i__

50c

Y.J

3.75 %

4-12

1«

4-15

;

pfd.

Atlas

Co.—

(quar.)

Carbon

Finance

4-15
5- 1
4- 1
4- 1

3-15

30c
$2.50

933/»c

5%

Refining Co.—
preferred A (quar.)

4%

3-31
3-31
4-

Holder»

4-15

Atlantic

3-31

4-15

Co.-(quar.):

RR.,

4-

$1.033/4
$1.25
(quar.)__:

Securities

Gas Light
Taylor-Colquitt Co.

4-22
4-15

4

Line

47

Payable of Rec.

$1.12Va

(quar,).

92V2c
97V2c

Inc.

Taunton

4-11

10c

4-

•

Electric

preferred

12c

(quar.)

preferred

Coast

Share

4V2%

50c

common

(quar.)

Stores,

Electric

2nd

$4

1

Bros.

60c

,

Hart,> Schaffner &
Haverhill

preferred

5%■

15c

—____

5V2%

Co.,

preferred

Sterchi

City

Atlantic

8

Corp.,

3-29
3-29
% 4-15
5-15
4- 1

lxc

Service,

(quar.)

5-16

Company, $2.40 conv. pfd. (quar.)

Hat Corp. of

Public

preferred

4-

Co

Lamp

9

(quar.)

(quar.)

6-15

preferred

preferred

preferred

4-20

—

Atlantic

4-

Steel

Extra

...

.

4.15 7f

4-13

5- 2

Armco

When

Per

.

Roofing Co.—

3.70%

4

4-27
4-27
4-15
s 4-25
4-15
4-15

<

25c

iquar.)_

Engineering

Southwestern

i

Name of Company

4-13

31%c

pfd.

conv.

_*

Extra

8'

50c

(quar.)

convertible preferred

Pumps, Inc.,

convertible

(quar.)—_____—

Co.

&

Iron

Holdert

When

Payable of Rec.

$2
$5
15c
150c
20c
25c
$1
25c
25c
12Vfec
10c

37'/2c
37V2c
50c
22>/2c

(1487)

2t>c

(quar.)

(quar.i

(quar.)

Southwestern

4-18

(quar.)

common

90c

Co.

States

Common

4-20

2

5-15

Co.,

Products

5%

—

<quar.)_'

B

America

preferred (quar.)
Hungerford) Company (quar.i

Aircraft

Sonoco

5-

Corp

class

of

participating
(J.

Solar

5

(quar.)

Acceptance
Corp

3-21

4-

Co.

City Stockyards,

Smith

1

(quar.i

3.90%

(quar.)

McBean

Goodyear Tire & Rubber, common
$5

Electric

Company,

Sioux

6-10

1

$$1.25

(quar.)

coin,

«

(quar.)

Company

Securities

9

$1
Ltd.,

Co.,

(quar.)

preferred

Goulds

&

4-15

Georgia-Pacific Plywood & Lumber—
Gladding

preferred
Map Co

5-

50c
$20c

iquar.)

Wares

—

(quar.)

Sanborn

35c

iquar.)..

(quar.)

Mills,

General

5%

4-15

CHRONICLE

10c

com....--

(annual).,

preferred
Avenue

Co.,

Paper Mills Co., Ltd. (irreg.).
Gas & Electric Co., com. (quar.)

Diego

6-15

1

25c

common

Coal

Pittsburgh

Lawrence

10c

Co.,

preferred

General

San

&

Fifth

4-30

$3

-

Mills

Cotton

&

5-14

Share

Company

non-cum.

5-16

100%

—

Products,'- Inc

Fry

St.

5-

$1.50

__

Industries

Lumber

Frost

(quar.)..:.
(stock dividend)

Co,

4-15

v5%

$1.50

preferred

Mineral

Foote

Russek's

Inc.—

Products,

prior

4-15

5-

.

6%.

4-13

6-25

—

Fibreboard

2

5-25

—

__

Rochester

4-25

(monthly)

common

rer

Name of

3-31

4-29

21c
> Common
(monthly)
21c
Common
(monthly)
21c
Ekco Products Co., common (quar.)
30c
4>/2% preferred (quar.)
$1.12V2
Elastic Stop Nut Corp. of America15c
Empire Millwork Corp. <quar.)__
_
20c
Equity Fund (quar.)
—
—'
5c
Esmond Mills, Ltd., 5% pfd. (quar.)
|25c
Falstalf Brewing Corp., 4'/a %- pfd. (quar.)_$0.1856V4
Co.,

2 '

5-

25c
15c

(quar.)
Steel

5-

,

FINANCIAL

&

Holdert

Payable of Rec.

Share

Company

COMMERCIAL

(quar.)
(quar.)

(reduced)...

^

4-

2

4-

5-

4-

1

4- 9

8

7

»

Corp.—

preferred
(N.

pfd.
com.

4-20

Y.)
;■

Virginia

-%-

(quar.)
(quar.)

-

—

-

4-15

5

48

THE

(1488)
"v

1

Ohio

beneficial

of

Cotton

Common

(quar.)

int.

class

:
B

(initial)

5%

Inter-Terminal

RR.

(quar.)

Water

Clopay

class

Bottling

Cockshutt

Piow

Common

>.

——

Co.

Y.)

(N.

6- 1
9- 1

pfd.

15c

Columbus

&

Combined

Southern Ohio

Electric

6%

Co.

(N. H.),

$1.90

preferred

3-25

Foote

3-14

Foster-Wheeler

4-15

Stock

4-

5- 2

4-

75c

(accum.)

5-15

$1.50

class

A

Consolidated

Dearborn

Consolidated

Edison

4-

47'Ac

__,

$5

(quar.)

preferred

Corp.

Co.

1

5-

$1

1

Franklin

Fraser

5

4-

1

5

37'Ac

Natural

Paper

(s-a)

Consolidated

Royalty Oil Co.

Consolidated

Textile

4'A%

Gas

Gin

Co.

preferred

Cork

Crum

&

8%

Forster,

Co.

General

6-

7%

General

Atlantic

Cudahy

General

Investors

1

General

Motors

4-15

4-

1

Corp.

Drug Stores,
Curlee Clothing
4Va% preferred (quar.)
4'A%

preferred

•

Class

3%%

(quar.)___

preferred

Dayton

A

Brothers

4-11

3-31

5-20

4-12"

5-16

4-15

4-15

4-

$2

6-30

6-14

$4

7-

1

6-17

9-16

7-

6-16

Gimbel

preferred

Detroit

Edison
Gasket

Detroit

Steel

Diamond

&

Mfg.

Products

Match

Dominion

Dominion

Glass

(quar.)

Tar

Common

Dominion

(quar.)

&

Ltd.

(quar.)___

6

3-15

4-

6

3-15

Great

7-

1

7-

Great

Textile

preferred

Ducommun
Pont

Co.

Metals

(E. I.)

Co.,

3-31

3-31

4-29

*.>15

5-20

4-29

$43c

4-15

Supply

$4.50

preferred

Manufacturing
Co.

1

4-

8

3-15

2

4-

$$1.75

4-15
4-15

4-

4-15

4-

1

4-15

4"

1

4-15

4-

5

5-

4-15

Holly

2

1

Holt

*

4-25

4-

$1

8

3-15

5%

5c

5-

2

4-25

$1

5-14

4-30

30c

4-25

4-

6-15

69-

1

preferred

A

preferred

6%

preferred B

Edison
El

Sault

Paso

Electric

7%

1st

6%

2nd

Emerson

Gas

Co.,

Ely Si Walker

$1.50

(accum.)

$2

Dry

Co.

preferred
preferred

Co.,

11-

1

200%

(quar.)
com.

(quar.)

(s-a)

4-15
4-14

Empire Brass Mfg. Co., Ltd., class A
Empire Southern Gas Co. (quar.)
Empire Trust Co. (N. Y.) (quar.)
Emsco Derrick &
Railroad

7-15

6-29

4

Lytton's

2

3-31

MacAndrews

$1.37 Va

5-

2

3-31

5-

2

3-31

RR.

25c

5-2

4-

1

4-25

25C *

4-

8

8

6%

4-

4

3-29

4'/t%

3-28

Mandel

$25c

4-15

4- 4-

30c

4-15

4-

75c

$1

7%

4-

5

4-

6

3-29

Marchant

2

4-15

Marconi

4-15

tions

Maritime

12'Ac

4-20

3-31
4-29

7%

30C

4-15

3-2_

Marshall

Martin-Parry

8

3-10

2

3-10

Mar-Tex

5-

1

4-15

6%

preferred

3-31

5-13

Investors
Investors

Investors

$1.25

6-

1

(quar.)

$1.25

9-

1

$1.25

12-

Investors

8-15

1

11-15

$26c

4-15

3-19

$2.50

4- 4

3-

9

j

Mortgage Co.
Mutual, Inc
Stock

of

C.)

(quar.)_

>

McCall

2

$25c

9-

1

8-

1

McKesson

$25c

12-

I

11-

1

McLellan

6-

1

4-14

3-15

4-30

4-15

50c

4-15

3-31

$1.50

4-15

3-31

$$1.25

6-15

5-31

Steel

Co.,

Ltd.—

(quar.)

$1.06'A

Co.

(N.

Class

B

Y.)

Machine

Mercury
Metz

a5%

3-30

Preferred

5

4-

5

7-

1

6-15

—

34c

4-25

3-31

—^—

20c

4-15

3-31

5-2

4-15

50c

:

3-31*

3-25

Michaels,

Michigan
Michigan

(increased

Midland

47o

2

3-22
3-30

4-10

3-31

3-31

Corp.—

4-

5-

1

4-12

5-

1

4-12

25c

4-

4

35c

4-

2

3-16

5-

1

4-15

10c

4-15

3-31

10c

6-15

5-31

6-30

6-15

$1.12 Va

5-31

5-

3-22

Co.,

8-31

8-19

11-30

11-17

15C

(quar.)_

$1.10

—

15C

(quar.)

common

<quar.)___

Miller

4-15

3-25

5-

4-15

Co.—

(quar.)l

Piping

4-15

4

2

4-15

4•

3-14

4-15

$37'Ac

(quar.)

$1

prior

$1

&

Supply

Co

•

4-15

4-

1

4-15

4-

5

f-20

(quar.)

prior

37'Ac

7-

2

(quar.)

37'Ac

10-

2

£-20

25c.

7-

2

6-20

25w

10-

2

9-20

preferred

(quar.)
preferred (quar.)

Manufacturing

Convertible

Minnesota

One

class

&

Ontario

Corporation

share

of

(quar.)
Paper

(stock

Mission
shares

two

Co.—;

A

15c

Co

4-15

4-

yuC

l._

dividend)

Missouri

Gas

4-20

3-31

(Robert),

Development Co.

for
5-

Service

Ltd.,

35c

4-15

$1.

$50c

common

Special

2

4-15

3-31

4-

t$1.75

5-

2

4-

4

$83Ac

5-

2

4-

4

4-15

50c

(quar.).

3-24

$3.25

Inc

$75c

4-15

3-15

13c

4-18

3-31

30c

3-31

3-22

14c

(Bridgeport) (quar.)

4-21

3-31

Fund,

Inc.__
preferred
(quar.)

'

37'/2C

5-

1

5-

1

4-18

37'/2C

8-

1

7-19

25c

8-

1

7-19

Co.

5%

(quar.)

Inc.

States

preferred

1

5c

4-15

4-

1

6-

1

5-10

4-15

3-14

4-16

3-15

4-30

4-

25c

4-15

3-31

lc

5-31

5-10

lc

5-31

5-10

$12'Ac

___

50c

4-30

4-14

8

Development

^

Mills, Ltd—:.--

Power,

4-

37'Ac'

_v____

Royal Rice

3-15

11-15

4-15

$1.62'A

(quar.)_

(quar.)

Mining" &

__!

4-15

12-15

$1.75

$50c

Company
(quar.)

Oil,

___

:

common

&

____>___

Mountain

1

3-24
5-15

;

Ward & Co.,
Telegraph Co.

Diablo

Extra

4-18

25c

(quar.)_.

Co.

Mount

pfd.

Society,, class A (quar.)

Chemical

(John)

Motorola,
Mount

7%

preferred series A (s-a)

Montreal

:

Water,

Montgomery
Morrell

,

Loan

Monsanto

6-15

.

$50c

Monongahela Valley
Monroe

Ltd.—

4-15

$50c

•

3-15

$1

5

—

held

Electric

&

Common

(quar.)_
(quar.)—

(quar.)

1

$1
15c

Hart, Inc.

&

Mitchell

Ltd.—

pfd.

1

$1.12 V2

>
4-

1

4-15

$1.12 Va

Corp.

Bakeries

Mission
2

4-10

3*

4-29

5-

1

3-31

$l5c

quar.)____

1
L-

Electric

&

preferred

Miller

4-15

1

4-

37'/2c

Midwest

Common

40c

4-

2

$1

class A (quar.)

(quar.)

Common

5-

2

5-

37'/2c

(quar.)__

quar.)'

common___

Bumper

9-20

5-

5-

l'/2C

preferred

6-20

5-20

1

4-20

l'/2C

(quar.)

(quar.)

Gas

4.40 %

12-20
4-11

12-

Stern & Co., Inc.—

9-30

*

1

$$1

(quar.)

___

Common

12-30
1

1

9-

50c

pfd.
(Baltimore)

(quar.)

3-31*

6-

433AC

iquar.)____

(quar.)

5-

43V4C
43:,Ac

pfd.

3-21

Co.,

Preferred

20c

3-21

4-

10c

deduced

Co.,

Bridge

Preferred

6-30

3-21

3-21

25c

Common
Miami

3-31

$1.25

4-15

4-15

(quar.)

3-31

4-11

20c

$1

Co.

4-15

4-15

3-23

7

10c

class A

4-25

4-15

3-31

4-

Ltd.

quar.)

Robbins, $4 preferred

Brewing

4-15

50c

3-21

4-10

Co.

&

Acceptance Corp.,

8

5

4-15

50c

(quar.)_

1

tl7'/2C

(increased

Mills, Ltd.

4-19

4-

9-15

Communica¬

Oil, Ltd.. 4>

Company

Merchants

4-

5-20

3-24

1

37'/2c

4-3Q

4-14

6

10-

GOc

iquar.)__

Co.

Marine

Company

Stores

4-29

1

4-

4-

i$3

—

(quar.)!•
&

4-15

50c

Investors Trust

Stores,

8

2

3-31
3-31

$1.06'A

(accum.)

'

4-

4-15

4

4-

4-15
4-15

Co.—

Extra

4-30

6-

2

20c

(quar.)

Corp.

&

4-15

5-

5-

13a/4C

(quar.)

com.

(quar.)

5-10

3-25

3-30

6

20c

(quar.)

McColl-Frontenae

McFadden

k

4-

i25c

(quar.)

preferred (quar.)

5-

4-14

3-31
3-31

(irreg.)

Co.

Co.,

Newspapers 7%
preferred (quar.)

1

3-31

4-15
4-15

common

Ltd.

&

7%

6-

4-6

3-23

4-15

$1.25
5l»c

McClatchy

f'-IO

2

4-10

31'Ac

Comnany, class A
Corporation
iquar.)__

3-31

5-

45c

______

(quar.)

par

Factor

6-30

25c

Canada,

Fund,

Participating
Participating
Participating preferred
Participating

9-21

12-23

1

4-16

'

4-11

25c

(quar.)

Management

1

6-

4-11

Realization

4-

Foundation, Ltd.—
preferred

10-

1-2-50

25%

2

$1

(quar.)_

-

i

2

lc

common

Department Stores

conv.

6-21

$2

Extra

4-15

50c

(quar.).
($5 par)

1

$2

dividend)

•

preferred

3-22

7-

5-

&

Massachusetts

25c

Powders,

Nickel

5

5-

(Marshall)

9-20

2

$25c

Harvester,

preferred

Investment

3-18

(quar>___

Field

1

4-14

3-31 >
3-31*

4-15

4-

+

4-

4-20

3-31

4-10

$2

Trust

Field

4-

683Ac

v

$1.50

preferred

10-

$1.12 Va

10-24

Sl.oU

(quar.)________

Ltd., ordinary (final)
Telegraph & Telephone Co.,

40c

Canada, Ltd.—

Telephone

participating

75c

Co.,

50c

(quar.)

Bronze

$1.25

Common

5-16

<

1

4-10

(quar.)__

Calculating

3-30

$25c

11-

$2

International

3-28

5

7-23

(quar.)__

Forbes

Manufacturers

25c

(quar.)

Associated

_1

(stock

$25

&

4

4-15

4-23

1

37'Ac

—

preferred (quar.)
Inc
Sugar, 6% preferred

4-

4-15

1

8-

Company—

5-

2

5-

(Del.)—

Co.

conv.

4-30

2

1

4-

30C

Bros.,

10c

5-

1

4-20

3-31

4-15

$2.25

(quar.)

—___

Structural

40c

Investors

preferred

Interstate

1

4-20

Maltine

Manitoba

5-

4-

2

5-

<te

preferred

Mengel

(quar.)

Co.

4-

55c

4-15

8

3-28

4-15

t25c

( s-a)_i

8

4-30

$1.12'/2

pfd.

3-31
4-16

4-

50c

(quar.)_;.____

Insurance

Mading Drug Stores Co.,

4-

15c

of

'

preferred A (quar.)—

$3

(quar.)
Co.

(quar.)

3-31

2

8'A

preferred

4-25

$50c

4-15

5-

96'Ac'

(R. H.) Company Inc.—

4»/4%

$1.25

International

6-28
6-28

4-15

Mackinnon

25c
v

8

•

Co.

(Henry

$1.25

Co.

Life

preferred

6'Jo

4-

4-30

2

4-15

45c

common

Bleachery, Inc
(W.) Company,

Lowney

6-29

5-

Max

(quar.)
5% preferred

Co., 4%

7-15

Lowell

2

5-

30c

___

(quar.)_.

Co.

preferred

7-15

50c

common

International

7-15

6-29

933Ac

Corp.,

International Milling

A




7-15

25c

3-25

A

Estabrooks (T. H.), Ltd., 4.16% pfd. (quar.)
European & North American Ry. (s-a)

4-11

30c

5-12

1

Co.

(quar.)___

(quar.)_

(quar.).

4-11

preferred

A

4-11

2

933Ac

6-

preferred

preferred

2

5-

25c

50c

$5

;

4-

Co.

Tobacco

International

7%

Equipment, 4% pfd. (quar.)

5-

8

each

1

30c

(quar.)

4-

$1.50

25c

$5

$5

4-

70c

& Phonograph—
quarterly

4-25

3-31

4-15

$3

2nd preferred
Lignt, $6 piu.
Louisville Gas & Electric (Ky.) —
Common
(increased)
5'Jo preferred $100 par (quar.)

$22 V2c

Indianapolis Power & Light—
Common
(increased.)

10-14

60c

(s-a)

$2

7-15

20c

dividend)

preferred

1

$1.50

(s-a)

Y.)

(quar.)

Door.

preferred

Indiana

1

4-15

8-

Zinc

Incorporated

Radio

Increased

Erie

12-

5-2

$1.50

(stock

Goods

12-15

$1.50

(accum.)
(accum.)

Electric

Natural
Boat

4 7c

(quar.)

B

(N.

Motors

Terminal

Imperial

1

9-15

&

3-18

_______

Power

56'Ac

:

preferred (quar.)
preferred quar

Illinois

9

$1.50

preferred B

Electric

Illinois

$1.50

Finance

Huttig Sash

4-

4-15

preferred

A

4-

5C

25c

Co

30c

Taylor,

10c

(quar.)

preferred

Howell

4-25

8%
6%

Lord

20fc-.~. 4-

(quar.)

class

non-cum.

3-31

30c"

Steel

Louisiana

40c

Development Co.
(quar.)
(Henry) & Company,

Household

8

6%

6%

6c

4-25

4-11

2

25c

Horder's, Inc. (quar.)
Houdaille-Hershe.v Corp.

-

&

5-16
5-

$1.12

Spencer & Bartlett (monthly)
Hines
(Edward) Lumber Co. (quar.)
Hoe (R.) & Co., $4 class A (quar.)

3-15

25c

Massachusetts Ry.—
preferred A (quar.)

6%

quar.)

Company, common (quar.)
preferred

3-31

4-10

30c

Corp.,

Pipe

Star

5 'Jo

Hibbard

1

Lone

Macy

4'A% preferred (quar.)
Electric Light Co.
(quar.)

Industries

Hecht

33A%
5-

2

8

Ltd

5-

5%

(quar.)

5-10

Refractories

Eastern

A

5-

5-10

5-25

2

(quar.)

$1.25

(quar.)

5-16
5-25

$1.25

Harbison-Walker

5-

pfd.

7%

6%
preferied
Harrisburg Gas,

4-15

4-10

:

iquar.)__

McCormick

4-

Hartford

Co.

Telephone & Telegraph

$75c

3-29

1

7 Vac

—

preferred (quar.)
8% preferred (quar.)
8% preferred (quar.)'

4

preferred

3-29

$25c

9-21

12-21

4-20

(quar.)^___

National

Joint

4-

Realty (Canada)—
preferred (accum.)__

$1.12'/a

Co

Lock

50c

33A7e

(quar.)

3-18

Co.—

4-15

Co.—

(quar.)

4-25

4-

(quar.)

4-15

87'Ac

Light, 5% 1st pfd.
Corp.
(s-a)

Lit

4-

Gypsum Lime & Alabastine of Canada, Ltd.
Quarterly
Quarterly
Quarterly

8

(quar.).—

Ishpemnig Krt.

Oil

See

Brewery

Co.,

9-27

12-28

5c

1

Ltd.

$1.75

preferred

Cotton

6-22

5C

(irreg.)

preferred (quar.)
Co.
(quar;)
Brothers, 6% preferred

3-25

37 V2C

Hamilton

5-rO

6-28

$1.12 Vs

(quar.)

5%
Lion

2

(quar.)

$5

3-31

1

Quarterly

4-11

common

$25c

17c

(qhar.)

de Nemours &

Electric

Company

convertible

7%

3-31

20c

(quar.)

&

L.)

2

6-

Quarterly.

5-

Gulf, Mobile & Ohio RR.—

3-31

4-27

4-18

Guardian

4-15

81 Vic

.'_

(quar.)

Coast

2

4-15

3-28

2

Griess-Pfleger Tanning Co. (quar.)
Griscom-Russell, 6% preferred (s-a)

9

2-6-50

$1

preferred

Duquesne

Griesedieck-Western

Ltd.—

___________________

$3.50

Duro-Test

Green

5-

2

5-

5-

50c

tquar.)__

University

preferred

$30c

3-31

4-30

5-

Ltd.,

Sugar

4-11

Hayes

(quar.)

Furniture

Felt Co.,

$2c

$1.12 Va

A
A

3.85%

Stores

Bros.,

Lincoln

4-15

common

Co.

Co.,
preferred (quar.)
(H.

1

3-31

$1.12 Va

Lily-Tulip Cup Corp., 4V2>

4-25

•,

Western

4-25

$25c

Co.,
(quar.)

A

West

7%

8-19
12-

4-15

_____

(increased quar.)

Common

$1.25

Insurance

4- 9

'

5-20

50c

Co.______—___—_i___

3-25

$50c

Co., common
preferred (quar.)

2nd

1

8-

4-15

62 >/2c

(quar.)

Hosiery

Great American

40c

Corporation

lemer

Lewis

(quar.)_

State

4-15

$$1.25

(quar.)

Chemical

(quar.)

preferred

East

4-

1

3-31

4-15

_________

common

$35c
com.

Chemical

Dwight

87'/2c

$$3

;

Ltd

Works,

Co., Ltd., com.

Square.

Dominion

Lumber

&

Grayson-Robinson Stores Inc.,
$2.25 preferred (quar.)

Ltd.—

Malting Co., Ltd.,
preferred
(quar.)___.

Dominion

du

8

$30c

7% preferred (quar.)

Drexel

5

4-

2c

(quar.)

Dominion

$4

4-

4-25

9-

4-25

4-30

6-10

.3-31

—

(quar.)

Co.

preferred

$1

.

Co., Inc. (quar.)_;
Grand Industries, Inc. (reduced)
Gray Drug Stores, Inc. (reduced quar.)_

4-15

A

Light

(James)

$50c

4-30

Co.,

5

4-28

(M.

Lehman

(quar.)

Gotham

5

Mining

5

4-

4-30
4-30

quar.)_
Ltd. (s-a)

Company ' (quar.)

Extension

$1.50

(quar.)

6-15

3-1-50

4-15

2

(interim)

4-

15c

Co.,

Electric

Common
$1.80

57o

9-15
3-31

■

6'

$7c

H.), Inc.
$6 preferred
(s-a)
Langendorf United Bakeries—

5-

933Ac

(quar.)

1

4-

&

Ltd.

4-20

$1.25

(increased

com.

Gold

H.)

Gas

Lees

$$2.50

pfd.

$6

Plywood

Machine

Mines,

Corp.,

Superior &

3-31

Ltd.

1

10c

preferred

Engineering

pfd.

7-

75c

3-31

$1.25

$3.75
Corp.,

10-

25c

Ltd.

Dairies,

non-cum.

Dominion

$3.25

5

$17'Ac

(quar.)

Bridge,

Dominion

.

4-

75c

Mines,
Ltd.__
Dominguez Oil Fields

„

4-20

4-15

'•

—

3-31

(quar.)___

Co., Ltd., common (quar.) I—
Goodyear Tire & Rubber Co. of Canada, Ltd.
4% preferred (quar.)
Gordon Foods, Inc.
(quar.)
i

5%

I

Dome

7%

Golden

Co.

participating preferred (s-a)
participating preferred
(s-a)
Dividend
Shares, Inc. (quar.)

Dow

Gisholt

6

Gold

Lake

Salle

4-15

50c

(quar.)

50c

(irreg.)

6%

Dixie-Home Stores

(Boston)

preferred

12'Ac

Co

Co,

9-15

87'/2C

(s-a)

preferred

$4.50

4

5-

30c

1

$50c

Common

6%

5%

4

4-

$1

_

(quar.)
Co

Detroit

'v

4-

5-16

Supply Co. of N. Y.

7%

5%

4-15

10c

(s-a)

La

4-21

$1

(quar.)

Inc., com. (reduced
preferred (quar.)__

4-15

4-15

3-26

preferred

4-21

(s-a)

Bros.,

15c

933Ac

common

10-

7 Vac

C,

common

Company
Safety Razor Co.,
preferred (quar.)

$1.12V2

3-31

4-6

preierred

35c

25c

Service,

Georgia-Pacific
(A. C.)

t

5-

4-15

•

8'Jo

quar.)

Mfg.

convertible

25c

(quar.)

6-15

$50c

Public

$5.50

$1.12'A

,

5-16

$1

Va Vo

50c

Gillette

'U

5c

3dc

common

Co.

4Va'/o

4

25c

Gilbert

9-30

*

1

15c

(quar.)

preferred

5%

General

$1.75

Michigan RR.,
preferred (quar.)

8%

pfd.

(quar.)
(quar.)

&

Dentists'

;

,

7-

$1.06'A

(quar.)

B

30c

25a
1

,

3-18

Mfg.

Laclede

Corp.—

$1.12V2

Inc

Curtiss Candy Co., $4.50 partic.
Dana Corporation,
common

Davidson

___

4-15

Kuhlman

Lincoln

$1.12Va

Cunningham

-

___

20c

preferred

Lake

30c

A

10c

(quar.)_____

(s-a)

Publishing Co. of Ottawa____——

4l/a%

common

Trust

Products

Class

25c

1

4-< 1

4 V2V0

1

55c

A

Corp.,

prelerreu

$5

Packing Co-., common
preferred (quar.)__

4Va%
Culver

(quar.)__

(quar.)

3-31

$1.75

(quar.)

4-15

<S.

20c

common

common

Corp.,

4-

Sugar,

preferred

Kress

5

$1.25

quarterly)

preferred

preferred

4-15

30c

;

2-18

(quar.)—___

$1.50

Kirkland

$15

•.

(s-a)

A

4-25

$1.25

(quar.)
preferred (quar.)

5

Kroehler

4-

+

Co

50c

1

4-

Kerr-Addison

4-

Corp.—

90c

,

65c

Battery

4-15

37 '/2C

Ltd

Transportation

(increased

Foods

$3.50

$50c

(quar.)

preferred

5%

Electric
Finance

6-15

;

W.

4-30

Malting—

Corp.,

7- 1

__iA

___

4-20

2

——_________

Laughlin Steel Corp.,
Water Works, 6% pfd.

100%

(s-a)

series

convertible

3-23

4-11

5-

Extra

37V2C

Co

Ltd.,

Co.,

preferred

'

7%

Cable

General

Cuban American Sugar Co.,

Cuban

Baking

General

$1.75

common

preferred

preferred

4%

(quar.)
(quar.)

5

4-

4-15

9-10

General

(quar.)

5-11

30c

(quar.)

$1.75

Co., Inc
Co., Ltd.

Seal

K.

8-20

12-20

$5

4-18

1

(s-a)

Kansas City Southern Ry., 4% pfd. (quar.)
Kellogg Company
i
Kellogg Switchboard & Supply Co;, common
5% preferred (quar.)

11-20

1

30c

4-11"

4-15

1
1

C-

30c

3-28

$1.31 'A

9-

12-

$1.12'/2

Corp.

dividend)

Co.

American

$4.25

Corp.—

Mfg.

Seal

&

Crown Cork &

(quar,)_

(quar.)

5%

—

5

$1.50

pfd.

(quar.)
(quar)

Sixth

&

4-

__

2

2

(quar.)
pid. (quar.)—

3'A%

&

Journal

5-20

7-

preferred

General

6

5-

Lamston

(increased

5-16

•—

(quar.)

Creamery Package

Grain

Common

(quar.)

1

$1.50

Company—
(quar.)
preferred (quar.) ____;_

4-25

1

5-14

$1.50

Canada,

West

4-15

(quar.)

preferred

of

$1

(quar.)

common

Electric

Crown

5-21

,

Refining,

(quar.)

Inc

preferred

preferred

4-11

$50c

'.

(quar.)__

Cornell-Dubilier

$5.25

4-15

-6- 1

,

Jones

Va%

>;■•• $1.13

Corp

1st pfd.

preferred

80c

Co.,

Insurance

Products

7%

Electric

&

preferred

Continental
Corn

5-16

4-

1

(Robert)

25c

(s-a)

Co., Inc. (reduced)
Consolidated Textile Mills, Ltd.—
New
$1
preferred
(initial)
(s-a)
Continental

2

> 4- 8

$1

3-31

4-20

$1

6%

4-15

25c

4-15

6-

65c

11-10

5-

King-Seeley

$1.12'/2

1

5-

Rancn

—

Corp.,

Telegraph

General

Co

3-31
4-15

6%

4-15

5- 2
5-

Gas

Gair

—

(quar.)

Consolidated

Consolidated

Continental

5- 2

20c

_

4-14

4-15
4-30

Fran-

—

(stock

Co.

Companies,

$2.20

3-31

4-15

4-30

50c

common

Cnemical

&

Co.

Common

6%

(quar.)

Y.)

(N.

prior

Froedtert

Industries, Inc.—
participating preference

Co.,

4'A%

preferred

Four-Twelve

4-30

5-

3-31

B-IO

J12-

•2C

preferred

Royalty

$50c

Chemical

Heating

prior

Foundation

1

1
—

(San

4- 1

4-20

Co.

dividend

Mineral

6%

3-31

4-20

50c

pfd.

7%

Machinery

6%

37V2C

(quar.)

Car

of

4-15

20c

4-19
(

8

50c

(quar.)_

(quar.)

Light,
America,

4-11

$10c

(quar.)

Light & Power,
$2 preferred (quar.)

Consolidated

Mills

Co.

;______

Rubber

&

6-14

20c

Connecticut

Consolidated

Flour

Power

4-20

4-20

4-19

4-29
4-

$1.50

65c

Insurance

&

70c

_.

Edison

Co.

Tire

5-14

4-30

$1.06'A

(quar.)

(quar.)

Florida

*

4-29

1

1

933Ac/;

3%%

Co.,

Corp.,

Joplin

(quar.)

Insurance
Co.

Fitzsimmons Stores, Ltd. 6%
6%
1st preferred (quar.)
6%
1st preferred (quar.)

Food

3-31

Inc.—

preferred

preferred

$$1.25

(quar.)

Alcohols, Ltd., 8% pfd. (quar.)
Hotel, Inc., common (initial)—

Commonwealth

.

1

50c

(initial)

Gas

2

8-

Cisco)

6-30

Co._.

pfd.

;

Concord

5-

4-15

5-10

68-

ti(l/ac

Tea

Johns-Manvilie

3-31

$1.50

Stores,

4-15

50c

&

Fund

50c

Combustion Engineermg-Superneater—

A

9

6- 1
9- 1

75c

of Reo.

30c
—

3c

Jewel

quar.)

87'Ac

(quar.)

common

Enterprises, Ltd.,

Class

3-30
4-

(initial

4Va %

Co.—

(quar.)
Colgate-Palmolive-Peet Co.,
$3.50
preferred
(quar.)

Commodore

4-11
4-20

8-11

Holdert
•,

30c

(quar.)

Co.

Mfg.

9-15

8-16

Payabl

30c

Fireman

Quarterly

Johnson

(quar.)

(Marshall)

Firestone

1

25c

(quar.)

(quar.)

Commercial

4-

1

(s-a)

(quar.)

Department

Fireman's
•

10-

6-15

(Washing¬

(quar.)

common

convertible

New

4-15

4-15

20c
$20c

Louis

Common

Initial

4-21

$1.75

(quar.)—

(quar.)

St.

C.),

1

When

Per

Share

Name of Company

—_______—______

Field

5

7-

$$1

Fidelity-Phenix Fire

5

$4
of

4'A %

8-15

4-

Canada

of

Corp.

Felin
(John
J.)
& Company
Fidelity & Deposit Co.

3-25
4-

Co.

Finance

preferred

Federated

5-15

A

Co.

6 %

7-20

$50c4-15
30c
5- 2
30c
.;,5- 2

(s-a)

A

insurance

Holder•

Iron
$2.50

$2.50.

;

Services

ton, D.

8

8- 1

;_

Monday, April 4, 1949

Payable of Ree.

(Syra¬

(quar.)—

common

(quar.)

Fire

When

Share

Semi-annual

8

9-

$1.25
$1.25

r

Coca-Cola

6-

$2

Works, 7%

Corp.,

8

Pacific

(quar.)—

City Title Insurance
Clinton

1

3-

Y.),

Common

Texas

&

class

City Stores, common
A

Common

Co.—

preferred (quar.)
Bar Knitting, Ltd.—

Class

4-

4-15
7-15
10-14

25c
25c
25c

participating

$1

4-15

17c

preferred (quar.)

Circle

4-30

Federal

preferred (s-a)
Cincinnati, New Orleans
5%

Company

N.

cuse,

Oil

4%

j

8

Federal

(quar.)

Cincinnati

4-

5- 1
5-16

CHRONICLE

Per
Name of

,

(quar.)

Common

Holder $

Payable of Jtec.

87'Ac
$5c

—

(quar.)

Common

FINANCIAL

&

Farmers & Traders Life Insurance Co.

Chicago Aurora & Elgin Ry. Co.—
Chickasha

Share

,

Ry.,

3Va'Jo
convertible preferred
Chesterville Mines, Ltd
Certifs.

When

Per

Name of Company

Chesapeake &

COMMERCIAL

common

^

(quar!)

—

(quar.)

Mountain States Telephone &
Telegraph Co._

6 2'Ac

4-20

3-31

62'AC

4-20

3-31

$1.50

4-15

3-31

COMMERCIAL

THE

Number 4791

169

Volume

FINANCIAL

&

CHRONICLE

(1489)

49

-

■WhUii

Per
'

Share

Nam* of Company

I

'

preferred
preferred

Electric, 4'A% pfd. (quai;.)
Dehydrating & Milling—
preferred (quar.i ______

4-30

3-31

4-15

3-31

$25c

4-15

4-

5-

4-15

56'Ac

—

National

Rational

Department

Distillers

National

50c

2

4-

5

2

8-

1

7-22

10-29

10-19

Co.,

iquar.)

A

6%

.

preferred
Lock

National

B

Shares

National

Steel

National

Tea

Brunswick Telephone, Ltd.

New

Calumet

Ltd.

England

Common

New

Inc..
preferred A (quar.)
6% preferred A (quar.).
6% preferred B (quar.)

2

7%
7%

1st preferred

2nd preferred

7%

2nd preferred (quar.)
(H. W.) & Company

5-

2

4-15

4-15

4-

5
1

3-31

4-15

3-15

T-15

O-l J

Rickel

o

Roper

(George

5-

5

Roper

Realization. Co.

Rothmore

4-15

3-31

Class

4-28

4-19

Royal
Russ

Norfolk

Western

&

American

North

.

$1.50

Carolina

Northem

St.

4-15

St,

Corp.,

5-10
4-15

4-

8-

7-20

$6

4-26

4-14

$2.40

4-15

$3.50

(s-a)_

15C

.

1

20c

5-

2

37'Ac

common:

preferred

4-13

5-

2

__—

4

.

5','

4-15

$1.25

(quar.) _____
Northern. States Power Co. (Minn.),
$4.80
preferred
(quar.i
preferred
Oil

Oceanic

1 Oglethorpe
Ohio

4-20

3-31

Gas

5 'A %

(quar.i

<

B

Otis

Elevator

Pacific

Coast

4

4-11

3-31

Schuster

6-20

5-31

Schwitzer-Cummlns

25c

4-

3

3-29

60c

4-30

3-31

4-15

3-31

Scott

$1.31'A

class A

4-20

3-31

Scovill

10-

'Pacific

Gas

5'.;

■<

Electric

preferred

i

Panama

Seaboard

4-15

$2.60

5-14

4-15

Seaboard

5-14

4-15

Security Banknote Co.,

5-14

4-15

50c

4%

(s-a)

Co.

Increased

$1

4-

1

25c

4-15

4-

1

50c

4-15

3-18*

.

(Del.)

—

2

4-15

Simplex

3-31

Sinclair

4-15

3-31
3-25

4-15

4-

4-15

SI

4-15

25c

4-15

5

3-31

___

—

1

3-25

5-

2

10-

1

5-15

5-

5

25c

8-15

8-

5

25c

11-15

11-

2

4-14

2

4-

5

25c

2-15-50

33c

5-15

5-

5

33c

8-15

8-

5

2h 3

Gold

Ltd.

Mines,

Company,,
preferred (s-a)

6%

Philadelphia
:

Common

3.00%

Pierce

Governor

Pillsbury
■

Insurance

4-15
3-21

$lc

Mills,

Company, Ltd.,
preferred
(quar.)

$2.12

(A.

Smith

O.)

3-30

4-20

4-

1

5-

...

Common

4-

1

2

4-15

35c

(s-a)_

Southern

3-25

-

A

$4

preferred

6%

preferred

4.48%

4.56%

Canada

Common

1

4-15

Toledo

$1.25
$1.25
$1.25
$5
$$1.06
$7c
50c
25c

1

9-15

6-

12-15

12-

Union

4.8%

preferred

4-

4-15

3-31

4-15

4-

4-15

4-;T .y

4-25

4-

9

4-15

4-

4

4-25

4-

4

United

4-25

4-

4

preferred (quar.)
Fidelity & Guarantee
Quarterly
United States Foil, class A

United

1

non-cum.

non-cum.

5-

1

4-14

5-

2

3-31

5-

2

3-31

5-

1

4-74

4-25

S.*12
4-

1

,

1

$1.75

4-

5

3-10

4-21

3-11

4"21

3-11

4-15

3-31

6%

4-25

4-

4

U.

6-

1

9-15

9-

1

12-

1

U.

4-12

4-

5

U

7-

6-

9

S.

Stockyards
Stores

United

Transit

7-18

United

Wallpaper,

4-15*

Universal

6-

1

5-13

5%

Van

Sciver

5%

Squibb (E. R.)

6%

Vulcan

Wabash

(quar.)
(quar.)

—

preferred

A

5-16
5- 2

pfd.

50c

(quar..)—

Railroad

Co.,

preferred

4-19

Warren

Bros.

Co.,

Class

Company,

B

62'Ac
62'Ac

pfd.

%■'

4-11

3-29

4-15

3-31

4-15

4-

West

7%

1

6%

4-15

3-31

4-15

3-31

4-30

4-

5

4-30

4-

5

4-30

4-

5

West

5-16

4-20

4-15

3-31

3-31

4-19
4-21
4-21

4- 9
3-31
3-31

$4.50

—

25c

5-20

5-10

25c

4-5

20c
62'Ac

4-15
5- 2

3-4
4- 1
4-15

3-31

lincreased)__

(quar.)

-

A

.'

(irreg.)

(quar.)

Penn

Electric

preferred

$20c

4-15

$1.25

4-15

4- 2

50c

7- 1

6-15
8-11

$$1.75

5-

$1.50

5-16

4-18

$1.75

5-16

4-18

$1.12'A

4-15

3-21

Ltd.

RR.

Co.,

A

4-16

3-31

$50c
$35c

4-15
4-15

3-15
3-15

5-16

5- 2

5-16

5- 2

8-15,

8- 1

11-1

4-15

5%

preferred A
preferred A

(quar.)

1

(quar.)

$1.25

$1.50

4-15

3-31

5%

preferred A

(quar.)

$1.25

11-15'

$1.25

2-15-50

50c

4-11
7- 1

Western Tablet &

$1.25

9-15

5-13
8-15

40c

4-15

4-13

7-15

7-13

Whitehall

10c

7-

1

6-15

Whiting

$3c

(quar.)

6-15

$1.25

(quar.)

4-

5

3-16

Whitman

5%

Ltd

•

4%

$1

5-2

4-15

5-

2

4-15

4-18

3-28

$5

(quar.)

Stationery,

common

$1.25

Lake Erie

&

lien

prior

Fund,

$1

Company
Chocolate

(Mass.)

(irreg.)

4-22

4-20
4-15

3-31
4- 1

25c

_

5- 2

15c

1

preferred

6-16

20c

Inc

(Wm.)

2- 1

3-24
~

Ry.—

(quar.)

Corp*

Wilbur-Suchard

$1

common

preferred (quar.)

Wheeling

—

A

(quar.)__

3-2$
3-28

$40c

(quar.)

4-15
4-15

5-

preferred

,

$1.05

75c
; $1.25

5%

:

51'Ac

(quar.)

Grocers, Ltd., class
preferred
(quar.)
Pacific

4-15
«

Co.—

Breweries,

Western

1

Co.,

(quar.)

Power

Penn

8-16

17'Ac

preferred (quar.)

$1.40

4-15

35c

Michigan Steel Foundry,
prior preferred
(quar.)

Western

4-15
7-15

8-

$1

4'A % preferred (quar.)„
4.20%
preferred series B (quar.)
4.10% preferred series C (initial)

3-18

4-15

5- 2
1

:

&

Western

$$1.50
17'Ac

3-31

$2

Ltd.
Company, $5 preferred (quar,,)
Company,
4%
convertible preferred
(quar.)___
Wellington Fire Insurance Co. (s-a)

4-14

4-15

4-30

____.

Waterous,
Weeden

3-31

.

*"'5- 2

25c

preferred (quar.)_

C

4- 1
4- 1

7

50c

•

37'Ac
37'Ac
(accum.)

common

class

4-

$3

;

12-22

4-15
4-15

26c
(s-a)

i 6-20
9-20

v7- 1.

10- 1
1-3-50

$1.25

(quar.)-.--.

A

common

Pictures

4-29

4- 1
4-14

5- 2

62'Ac

(annual)

Bros.

3-31

4-15

4-15

30c

(quar.)

com.

+

Detinning Co., 7%

4'A%

5%

(quar.)

preferred

„-j\.

4-15

$1.50
62'Ac

(quar.)

pfd.

&

4-20

3-25
4-29

17'Ac

(quar.)__

(quar,)
(quar.)_

$4.50

Corp.,

Walker

3-31

3-31
3-31

V

(quar.)

Warner

& Sons—

$4

B

9-10

1-

4-15
4-15

$1.20

Inc

$4

(J.

12-10

1

50c
87'Ac

(quar.)

9-20

4-

4-12
6-10

(quar.)

Co.,

(quar.)
B.), 5%

12-20

4-

3-23*.

6-15
5-31*
8-31*
11-30*
4- 1
5-16

<pfd.

conv.

4%

5

7- 1
6-20
9-20
12-20

$2

•;

pfd.

4-

25c

(quar.)

(quar.)

preferred
preferred

3-31

2

(quar.i

common

Inc.,

4- 5

22'Ac
75c<
75c
75c

(s-a)__

Vertientes-Camaguey Sugar Co. of Cuba—
Quarterly
11
Virginia Iron Coal & Coke 4% pfd. (quar.)
Virginian Railway Co.—

4-15

5-

pfd.

:A
3-28
3-23*

'

4-14

20c

Vermont & Massachusetts RR. Co.

9

4-30

28'Ac

(quar.)

Mines,

5%

preferred

5-14

28c

(quar.)

(Texas)

Co.

Tobacco

Leaf

preferred
preferred
preferred

Vulcan

4-15

50c

■

3-15

4- 5

a'Wv/,

Knitting

8

1

;%

3-15

4«- 5

:

37'Ac

,

4'A%

J.),

Corp., $6

4-18

5-

62Vac

(quar.)

(Bait.)—\'t

Co.

Corp.—
preferred

convertible

70c

6-10

4-15
4-15
3-21

20c

Corp.,

1

37'Ac

Telephone Co. (quar.)

Springerv Sturgeon Gold

(N.

1

37V2C
37'Ac

common

:

Investors,

Co.

1

6-20

Corp., com.

(quar.)
preferred (quar.)

4-

4-

4-11

1

Plywood

4-15

+lc

<.

preferred

Machinery

B

United

3-31 '

4-15

5- 2
5- 2

$2.50

!

Common

1

5- 2

53c

Rubber Co., 8%
non-cum. 1st pfd
Smelting, Refining & Mining Cc.—

4-20

4-

3-10
3-10

50c

S.
S

5-10

2

5- 1

4-15
4-15

58'Ac

■

preferred

prior

Shoe

7%

4-15

li>c

Quarterly

3-15

F-

(quar.)—'

$1

Lines

4-15

4-14

3-31
4- 1
4-8
4-12
4-12

10c

Pipe & Foundry
Quarterly

U.

12-15

5-25

5-2
5- 1

__i.

S.

5

4-15

50c

S.

S.

4-

11-10

4-15

(quar.)

6%

U.

1

11-15

25c

prior preferred

4

1

25c

$$1.75

(monthly)
(monthly)__—__
United New Jersey RR. & Canal Co. (quar.)
7%

4-

6-15

class A

5-10
8-10

$12'Ac

Light & Railways Co.—
prior preierred (monthly)

4-25

Ltd.—

Life Insurance

Corp.

5-15
8-15

United

Electric—•

preferred

Co.

4- 5

4-15

25c
25c

(quar.)__

5-

20c

Quarterly

4-

Extra

Tool

&

31'/4C

Weatherhead

Quarterly

1

B

Fruit

40c

Southwestern

Sovereign

Drill

Class

United

Southern Railway Co.—

5%

4- 4

5-18
3-15

(resumed)

3-31

7%

(quar.)

Ltd.

4-18

$30c

&

Canada,

4-15

West

Co.

of

4-29

$1.12]/2

preferred

Southern New England

Gas

6%

-

Co.,

6- 1

Co.

4-12

$1.25

(quar.)

(quar.)

10-

Products

8-

50c
50c
50c
t30c
$53c

6-15

3-28

$1.0Q'/t
$10c

preferred
(interim)

$1.25

Co.—

Power

Southern Indiana Gas

Edison, 4'/t%
Brothers, Ltd.

5-

f2o

6-25

4-11

preferred
(quar.)
Trinity Universal Insurance Co. (quar.1)
Quarterly
;
Quarterly
Tuckett Tobacco Co., Ltd,. 7% pfd. (quar.)
Udylite Corp. (quar.)_

4-

4-15

50c

Treesweet

9-

5- 2

50c

Tooke

2

5-

25c

6-15

6-15

5- 2

4-13
4-11
4-11
3-14

(quar.)

common

9-15

5-

4-13

5- 4

Mills—

6-15

5-18

(initial)

preferred

Power

I.),

1

1

(quar.)

Co.,

(R.

Cotton

1

9-15

4-13

4

$1.50

(quar.)

Inc.

1

1

4-15
4-30

$70
$1.75

proprietary interest—
pfd. (quar.)

Light, 7%

7-

4-

5-16

20c

3-31
5- 2
4- 5

Trust—

7-

4-11

4-15

15c

Corporation

6-

(quar.)

3-31

5-

Thor

3-16

10c

Co.

10-

J50c

preferred

Colorado

3-31

4-15

(s-ai

5-

$50c

Edison

participating

4-15

J

Co., prior pfd.

4-

25c

(quar.)

convertible

4-15

17'Ac

(quar.i

1

of
&

preferred

5-18

(quar.)

A

convertible

Southern

'6%

Gas

California

$1

A

preferred

$6

4-15

Ltd.—

Ltd.

4-29

4-11

70c

Power

Thomaston

6-

t

Petroleum,

6%

Southern

90C

—

$1.25
50c
1:50c

40c

Paper Mills,

California

40c

1——

4-11

1

Pittsburgh Water Co.—
4y«%
preferred (quar.)

$1

--

7-15

2

15c

Brazeau

50c

-----

1

5-

6-

com.

3-30

held

share

shares

Certificates

6-15

(quar.)

(quar.)

5%

Co.

8-

$1.3iy4
20c
50c
$1.75
$1.75
$1.75
$1.75
5c
tlOc
25c
25c
25c
50c
50c
17'/2C
8%c
50c
$1.75

Pacific Land

Texas

25c

Corp

(Howard)

$1

Co.—

Inc.,

4-29

15c

$1.50

*

(quar.)

Pfoneer Petroleum

2

4-15

—

(quar,)__

preferred

3

4-30

i,

preferred

5

2-

$1.50

(increased quar.)

Extra
4%

'

National

11-

2-15-50

87'Ac

—

common.—

Philip Morris & Co., Ltd.—

,

_.

•

•

11-15

33c

(quar.i

Philadelphia

(N.)

Southern

__—

Gas

Perron

33c

>

preferred A (quar.),!
Light & Coke

3'A %

4-15

40c

:

12-15

1-1-50

25c

5-

Peoples

7-15

1

South

5-

Co.—

1

5-

20c
50c

Iron

&

South

75c

Mfg.

8-

:

Solar Aircraft

$1.06'A

Salt

Slater

Steel

9-15

(increased.)-—

Co.

Sub

(qUar.)_

Paper Corp
Oil-Corp. (quar.)__

4-15

*

Railroad

Texas

4-15

$20c

preferred (quar.)
Society Brand Clothes, Inc.

62'Ac

cum.

4-21

1

5%

Ltd
Ltd.—

6-15

40C

2

O-

5%

4%

62'Ac

_

4-

—

62'Ac

5-

3-24

1

Goict Mines,

4r12

4-15

5%

Texas Gulf Producing
Stock dividend

1:30c

Quarterly

—

9-15

3-24

Quarterly

4-18

—

(quar.i

(quar.)

.Pennsylvania

Creek

Smith

common

6-15

9-15

1

4-10

Sherwin-Williams Of Canada,
Common
(quar.)

5-

15c

(increased)__
(Nev
Hampshire)

1
1

4-10

(quar.)

Sloss-Sheffield

■v.".'

___A

Pennsylvania

Sheep

35c

:

7-

65c

(quar.)—
common

50c

(s-u)_.

Insurance

9iy4C
45c

(quar.)

(quar.)

4-15

preferred (quar.i
—
$1 cum. preferred
(quar.i
$1 cum. preferred (quar.i——
$1
cum.
preferred (quar.i-$1 32 cum " preferred iquar.)
$1.32
cutn.
preferred (quar.i—
V
$1.32 cum. preferred
(quar.i
$1.32 cum. preferred
(quar.i
Pennsylvania Power Co.. 4.25 A
pfd. (quar.i
:

Common

Odin

10-

Utica

Co., common (quar.)
preferred (quar.)

(Del.i

4- 5

Products &

27l/2C
27V2C
85c

(quar.i

Security Storage Qo; (Washington, D. C.)—
Quarterly
Shawiningan Water & Power Co.—

50c

.

Co.

preferred

$1.50

Corp.

(quar.)

Oil

$1.25

—

Inc.,

Telephone,

Common

4-15

$1

Finance

$1.25

Casualty :Co.

Common

1

———

(quar.)

(quar.)

Motors

.Peninsular

4

(quar,) —;
Bottling—

Companies,

Peerless

,

4-

4-

(quar.i

Coca-Cola

preferred

Paramount

4-29

4-15

$1,121/2

'

'

4-15

20c

of California

Corp.

Corporation

Paraffine

preferred

4-15

2

for each

10-

Co.,

2

convertible

(quar.)_

(quar.)

5-

—

Lighting Co., $5 preferred (quar.i
Pacific Telephone & Telegraph
<V
6%
preferred (quar.i
—
A Pacific
Western
Oil
Corp.
(irreg.)
Packer

3.65%

iquar.)

(quar.)

Manufacturing

2-28

4-20
5-16

Co. (irreg.
Chemical Corp., com._
Terre Haute Malleable & Mfg. Corp. (quar.)

United

Paper Co., $3.40 pfd.

5-

—

Pacific

'

preferred A
preferred A

5j/2%

$$1.75

,

Tennessee

Co.

$25c

Inc.—
preferred (quar.)

Terminals

&

&V2%

& Company, common

4-30

$1.12'A

Aggregates.

Finance

Pacific

(Ed.)

pfd.

Ltd

Mines,

$25c

;

Co._——

Coast

•Pacific

Gold

Antonio

50c

A

(quar.)

(quar.)

(quar.)

convertible

>A %

Ry

18c

common

Co.———__:

Paper

Southwestern

Louis

Schenley Industries, Inc

—

Oxford

St.

9-15

;

preferred

conv.

20c

Co.,

Extra

7%

preferred A vtc (quar.)
preferred A vtc (quar.)
preferred A vtc (quar.)

conv.

conv.

5%

1

Ontario Steel Products Co., Ltd., com. (quar.)

:'■*'■

5%

25c

Oliver United Filters,
Class

4

San

__—

preferred (quar.)—
Corp., 4'A%
preferred

Oliver

(quar.)
St. Louis-San Francisco Ry.

Saguenay Power Co., Ltd., t'A%

__

—

Electric

&

preferred

4%

6-15

shares

Class

preferred

3-31

'

Oklahoma

2nd

3-31

———

_

1

t$1.50
160c

4-15

____

7-

$40c
$$1.75

(quar.)

25c

Fund
Co

preferred

4-15

5c

Three

U.

iquar.)

$1.20

:—_——

Company

Oilgear

4-

(quar.)

4-15

|183/4C

90c

Co.

Match

4-14

17'Ac

com.__

2

Ltd.—

preferred (quar..i___
Paper Mills, Ltd.—

1st

3-21

4-15

50c

Iron <fc Steel (increased)—
(stock dividend)—

Lawrence

5%

(quar.)

preferred

S3,GO

7%
St.

common

Corp., Ltd. $2
preferred .(quar.)
Flour Mills Co.,

2nd

25c

(quar.)__

(initial)-1st pfd. (quar.)

new

4-11

20c

preferred

6.36%

^_——

Lawrence

Common

Co.

I Northern Indiana Public Service—
■:

Paper Co.,

5- 2
4-11

»

Taylor-Wharton

5-

(San Francisco)—
(accum.)

Lawrence

15c

(quar.)

guaranteed

7%

RR..

Illinois'

3-31

2

Ry„ Co,—

Refractories

convertible

$1.50

9

5-

75c

Engineering Works

Northern

4-

—

(quar.)

(quar.)

preferred

St. Croix

.v

.

,

(liquidating )

common

Building Co.

6%

933Ac

adjustment,: preferred

4%
North

3-31

3-29

A

Corp

D.)

Corp.,

Typewriter Co., common
preferred (quar.)

Vfo
4-15

(quar.i

Mills, Ltd
Ages*Corp. (quar.)

of

$5c

Co.—

(quar.)

(quar.)
(quar.)

5-

4-8

(quar.)—

Quarterly
Quarterly

4-16

$1

Inc

common

'3-25

25c

(quar.)__

Talon, Inc., 4%

Textron,

Robinson Cotton
Rock

2

5-

Goods Co.,

preferred

1st

$12c

Corp

(Newark (Ohio) Telephone
6preferred iquar. i_
i Newberry (J. J.) Co.,
:
3%% preferred (quar.)
•

(quar.)
Racing Association,

3-31

20c

Service

11-15

3-31
4-20

4-25

$1.12'A

(quar.)

5- 2

$4c

(quar.)

(Calif.)

6c
15c
15c
15c
15c

common

preferred

12-

Association—

Electric

&

Gas

Water

8-15

1

25c

(resumed!

class A pfd.

com.

i5c

preferred B (quar.)
Copper & Brass, Inc.

4-20

7-31

(quar.)

York

1

Corp.

$5c

6%

"

New

9-

12-

Oil

Super Mold Corp.

$28c

;

—.—

1-1-50

4-

'

5-10

t27c

,

Rice-Stix Dry

4-15

(quar.)

1

$25c

_

2

8-15

(quar.)

6-

4'A%

Ltd.

Tecumseh Products

—A

9-

75c

—

—

(quar.)

1

4-15

(s-a)

New

Mines,

(quar.)_

A

10-

53 '/8 c

(quar.)

$40c
$40c
$40c

Mines,

dividend

Stock

Holdert

25%

Sun Oil Company,
Sunbeam Corp..

Tennessee

Revere

25c

(s-a)

—

(quar.)

6- 3

$1.25

(quar,)

Car, Ltd. (quar.)
Co. 4'A% pld.
(quar.)

preferred

3.8%

preferred

1

$37'Ac

Corp.

preferred

4-15

Consolidated

Sunray

(quar.)

7%

Corp.—..i

Naugatuck Water Co.

A

Extra

6'io

47'Ac

Paper & Type, 5%

National

3-29

1

Revere

15c

National

9

5-

Ltd.

preferred (quar.)
preferred (quar.)
(Canada), Ltd.—

Extra

3-31

25c

National Manufacture & Stores

'

Mills,

7-

$1.50

4-

Coventry Ltd.,

Class

3-10

5

.

(quar.)
(quar.)

Co.

luc

8c

iquar.)

Co., <

15c

$1.25

$15c

—

Corp.

'

$15c

(quar.)
Investors

Lead

Sullivan

$15c

;

National

6-15

redeemable

4-15

12'Ac

.__

—

National

Stovel Press, Ltd., 5% conv. pfd. (quar.)
Strawbridge & Clothier, common™

$12'Ac

6-15

1

non-cum.

Class

When

Payable of Rec,

Shart

1

non-cum.

Renold

Company

7-

(quar.)

$1.60

5%

Per
Name of

7-

Co

$1.60

5y4%

(quar.)

A

Class

•

A

com.

5-24

Corporation.

4-

15c

(quar.)l

4-22

5-

mideri

$1.25

$1.60 non-cum. preferred

4 11*

Hosiery Mills,

Class

:

5-

2

6-15

$1.75

(quar.)„_

common

Republic Investors Fund.

Co

Gas

Glass

Pump

Wheti

Payable of Rec.

(quar.)

preierred
Regent Knitting

4-15

4-15

2c

Class

!

5-

2c

National

■

3-31

15C

Quarterly
.Quarterly

National

!

3-

4-15

2C

National IFuel

8*

4-15

25c

quarterly

■'

5-16

Welding Macmne Co.—

Electric

National

1

40c

(quar.)
Corp. (quar.)_:
l quar,.)

Stores
Products

6-

62'Ac

Chemical & Mfg. Co.

.

1

50c

National

.

2

Share

(quar.)

5%

Reitman's

(quar.)

Biscuit Co., common
Cash Register Co

National

.

Reece

Alfalla

National

'

Reda

9-15

12-15

10c

Narragansett

.

6-16

9-28

37'Ac

.

Inc., 6% preferred (quar.)_
Nanaimo-Duncan Utilities, Ltd.
(s-ai__-,—
Mutual System,

5 %

6-28

12-28

per

'■■■•

-

Hosiery Mills,

.preferred
"preferred

7%

$1.50

$1.50

Inc.—.

Fund,

Investment

5-16

5%

(quar.)

Mutual

6--1

50c

(quar.)

(quar.)—j.——
(quar.)

preferred

6%
-

'

•.

Company

Name of

$1.50

6%

.r"6%

-

;

v

Real Silk

Muskegon Motor Specialties Co.—
$2 class A convertible preference
Mutual Chemical Co. of America—

•

Holder k

Payable of Rec.

4-15

4- 1

Co.—

$1.25

5-

1

4-20

$1.50

4-30

4-15

256

(quar.)

4-15

3-31

'

Pittsburgh, Ft. Wayne
7 %.
;

preferred

&

Chicago

Rj.

- -

(quar.)_—

Pittsburgh Screw & Bolt (quar.)
Extra

.

■__

_

15c

i

_

10c
.

Plomb
'

Tool

Plymouth

Co.

(resumed)

Cordage

Employees'

Co.,

i.

•*

67o

East

Procter

&

Dome

Gamble,

Prosperity Co.,
Public

preferred

4.40%

Public.

87*

5%•

Service- Co.

41/4 %

Mines,

preferred

com.

;

6%

(quar.)

Oats

Quebec

Power

Reading Co.,
4%

Co.,

2nd

Co.

4-15

3-25

55c

—

4-

5-

2

4-13

6-

1

5-13

6-

5

Standard

Oil

4%

Silica

5%

4-

9

3-31

4-20

3-31

3-11
5-

$25c

4-14

2

Street

Wool

4-15

3-24

5-

4-15,

$1.75

"12'Ac

2

5-14

5-

5

50c

Stecher-Traung

Steel

Lithograph
(quar.)
(quar.)
(quar.)

preferred
preferred
preferred
Co.

of

Canada

7%

partic. pfd.
Participating

Stern

& Stern

4ya%

4-14

Stewart-Warner

4-14

3-24

Stone

5-

1

4-15

5-

1

4-11

8-

1

7-11

Ltd.,

(Boston)

5-

1

8-

1

7-11

4-15

3-31

40c

4-11

Corp.,
$1.25

6-30

6-15

com.

(quar.)

!

(quar.)

$1.25

9-30
12-31

12-15

Container

(quar.)—

Corp.

Corp

(quar.)

Co.—

Oil

Steel

Corp
(stock dividend)

com.

Combing Corp.

Canada,

of

5%

7-1

6-1

$40e

Ltd

4-10

3-25

(Wm.),

Jr., Company—
(monthly)

25c

5- 2

4-26

50c

5- 2

4-20

Common

(monthly)

25c

6-

Common

(monthly)
(monthly)

25c

7-1
8-1

5-20
6-2t)

25c

Common

Special

Wysong

&

7-20

10c

6-15

5-31

23c

4-18

4- 4

37'Ac
37'Ac

4-30
7-30

4-20
7-20

$50c
5- 1
$37'Ac
5- 1
$31'Ac > 5- 1

4-15
4-15
4-15

Niles

Yates-Araerican

1

Machine

(quar.)

Yellow Cab Co.—

6%

convertible

convertible

preferred
preferred

L

(quar
(quar.)

Zellers, Ltd. com. (Increased)
6% preferred (quar.)
5% preferred (quar.)

9-15

$1.25

•

Power

(quar.)

6%

$75c

5-

2

4-

7

143%c
31'Ac

5-

2

4-

5-

2

4-

7

books

'Transfer

not

closed

for

this

dividend.

7

Textiles,

preferred

5-12

50c

.1

$15c
tl5c

(quar.)

Corp.

River

(Alan)

Common

jlOc
ilOc

Investment

50c
__

(accum.)

(quar.)

4-

9

3-31

Electric

preferred

Wrigley

(quar.)

4-15

5-31

conv.

B

5%

5-25

3-31

4-25

93%c

Spring Co.—
preferred (quar.)

B

5%

•4-

4-25

Wood

Ohio—

(quar.).

Light 7% pfd.
Corp.
(quar.)

Class

5-13

$1

$1.50

&

Class

State

5-16
1

of

6%

$1.75

(accum.)

Stanley Brock, Ltd., class A
Class A (quar.i

5-16

$1.25

Co.

Power

Wisconsin

Wichita

Standard Steel

1

1

$3c

(accum.)

3%% preferred A
Standard

6-

$1.50

(quar.)




4-1?

preferred

prior

15c

(quar.)

(irreg.)

(quar.i

$6

6-1

40c

87'Ac

(quar.)

common

$2

Ltd

$7 prior preferred

10c

(irreg.)

(quar.)

preferred

3-15

$1.10

(quar.)

common

3-18

4-14

$1.06'A

-(Gfeotge) Fund———

preferred

4-15

$1.25

(quar.)

Colorado,

Co. of Indiana, com.
preferred (quar.)
Puget Sound Power & Light 85 pfd.
Purolator
Products, Inc.
(quar.)

•Quaker

3-18

$75c

(quar.)

Service

'Putnam

4-15

$l'Ac

3»A%

i

3-31
3-12

(quar.)

Mines,

Standard Gas & Electric—

Standard

(quar.)________

preierred

of

3-31

4-20

4-15

$$1.50

Ltd

pfd.

4-20

6c

45c

(quar.)„

1st

Preston

P

Co.

Corp. of Canada, Ltd.—
pfd. (quar.)
____;
ncn-cum.
partic. pfd.
(quar.)

„.67o

■!

60c

common—

Stock

Portland General Electric
Power

25c

—•

•

Stadacona

56c

7-

1

25c

4-

9

20c

4-22

6-16

3-18
4-

1

tPayable ip U. S. Funds,
{Payable

In

less 15%

funds, tax
resident tax 7%.

Canadian

resident tax 15%;

Canadian non-residents' ta*.
deductible

at

the

§One share of Madison Gas & Electric for each 25 held
a

Less British Income tax.

xLess 30%

Jamaica Income tax.

source.

Non¬

(if approved),

"50

(1490)

THE

General

COMMERCIAL

&

FINANCIAL

CHRONICLE

Monday, April 4, 1949

Pacific Mutual Life Insurance Co.—New Directors—

Corporation and

Frank

L.

President,

Investment News

of

the

King,

President,

Standard

board

Co.

directors

of

President.—V.

Oil

California

of

fill

to

1907.

168, p.

Bank,

California,

and ,,T.

have

vacancies,

been

S.

according

to

members

V.

Asa

yr --.

(

Philadelphia Electric Co.—Weekly Output—

Call,

v

*

1

The electric
output of this company and its subsidiaries for thO
week ended March 26, 1949 amounted to 146,353,000 kwh., an increase
of -5,818,000 kwh., or 4.1
%■, over the corresponding week of last year.
—v. 169, p. i339.';
'
v:V'
- ■
■

Petersen,

elected

"

(Continued from

Pacific Tin Consolidated

14)

page

Period End. Dec. 31—

North American Car Corp., Chicago—New AffiliateTo

Net

before depr. and

and the system needed to facilitate
shipment and interchangeability of cargo between all forms of trans¬
portation, a new organization known as the Transit Van Corp., Red¬
wood City, Calif., has been formed.
"
7".--.
Established by the North American Car Corp. and the Hodges Re¬
search & Development Co. of Redwocd
City, the Transit Van Corp.
has acquired from the Hodges company certain developments, including
equipment and methods of use, which have been created over the past
provide

the equipment

both

Depreciation

Air

Per
*

L.

U.

formerly

S.

Air

major general,

a

Forces,

Air

Forces

in

Assistant

Commander,

Deputy

Europe,

Chief

was

he

and

President of

the

is

the

new

choice

Directors

of

(Chairman

the

of

new

parent

,

organizations

At that time, it is expectd
of the board.

in addition

company,

Corp.),

to

William

—V.

"Vice-President,
Under

North

Secretary

Western

American Car Corp.;

of

the

Refrigerator

American

Quaker

Allin

Artemus

K.

The

L.

Line

Gates,

Corp.;

&

Co.;

It

North

credit

made

by

"

.

'*

V

/ " •'

'

'

,/

•

Beverley

*

;>

Northern Natural Gas
The

,

holders

of

to subscribe,

($10

par)

be

make

to

been

to

the

additional
for

metallic

totaled

of this

output

64,307,000

corresponding

last

shall

have

additional shares

share

for

each

SEC

also

such

for

shares

employees,

or

compared

year,

week

with

increase

an

ended

March

57,116,000

of

26,

kwh.

12.6%.—V.

1948

sold—

March

on

the

28

601,700
80.4 cents

public

registration

a

offering

of

statement

600,000 shares
s7

of

Board

of

Simon

Directors,"

as

of

with

industrial,
and

Committee.

for

is

slated

of

urban

and

suburban

areas;

extension

of

cooperative

$2,000,000

and

and

for

participation

$3,000,000

for

develop¬
development of

February—

■-

Cross

7

from

railway
.Net from railway—
Net ry. oper. income

for

other

banking

credit; $2,000,000 for
extension of mortgage construction loans;
$500,000 for irrigation water¬
works; $2,000,000 for financing of exports to Israel; and the balance
for working capital and general
corporate purposes.—V. 165, p. 2317.

!

Panther Valley Finance Corp., Lansford, Pa.—Files—

Net

'Deficit.—V.

1946

1.074.404

169,

75,996

*98,172

12,211

*150,660

1,027,850

*52,684

1,157,493
112,211

on

a

201,450

*200,852

*189,899

*59,017

66,786

*315,523

a'mortgage

otherwise

or

pledge

the

Mr.

50

three

of

for

working

York.

New

Pro¬

capital.

that

this

expansion

at

program

tanks

completed

the

of

the

for

distillery

here,

storing grain

phase

recently,
spirits

neutral

neutral

Mr.

spirits

Handred

storage
stated.

facilities

They

the

at

Brons-

constructed

were

at

It

V/•"///>
at

announced

was

iheot

'

1

/'

7'.

'■

the

meeting

that

'r'-"!

holders

V;\Xi 7;

■

debentures

of

the acceptance of

was

a

the Reconstruction

the

at

Park

$20,000

new

&

Tilford

plant

for

whiskey-bottling

The

aiyiual

distilltry

bottling

in

„

postponed

until

4%

cumulative

of $1

Meeting Postponed—

in

169,

In

last

March

on.

preferred

decided

30

stock,

to

defer

payable

on

$100.

par

payment

to and

is

than

dividends

that

the
be

can

"the

company

dividend

later

this

the

of

April

i

nine

S.

a

new

revenue

also

Net

the

including Jan. 3, 1949.

and

earning substan¬

that

year."—V.

it

169,

is

"hoped

an

Earned
—V.

after

1949

per

792,195
$1.76

.-.

share.

common

169, p.

1948

$8,451,414

481,341
$1.07

taxes

,

stock

($5

Company

909.

p.

Bids

will

for

at

be

Room

the

first

1600,

the

Of
and

due

70

Pine

common

bonds

from

temporary

sal?

of

169,

New

shares.

and

the

Co.

-^V.

loan.
to

for

Cities

reduce

is

selling 638,160 shares
intends to use the

construction
Service

its

Co.

and

to

would

outstanding 5%

Lewis
for

repay

use

from

\

Net

railway——
oper. Income

ry.

1948

$77,346

Net Ifrom

poration,

Gross

1947

/ $67,486

V.

169, p.

SEC

Under

March

the

held,

23,

of

of

owner

Electric

be

the

the

Standard
shares

of

the

that

is

it

common

($20

subscription

of

1/10

of

1

pari

by

of

the

share

for

share.

present

827,013

hasis

of

18 of

one

close

of

four

on

intends

stock

each
The

stock

of

share

stock,

business

cn

T.

years;

Kilborn,

corporation;
2546.

director

a

of

directors

sell

in

the

and

the

have

cor¬

Louisville

Gas

each

two

of

of

maximum
With

F.

Brian

Reuter,

:*

___

Net

Gas

electric

March

29

approved

for

three

share
March

for

by
each

30.

standing shares to 1,102,684—V.




of

a

proposal

common

the

stock,

distribution

three

This

will

169,

pp.

shares

and

par

on

held

increase the
1338

to

or

of

split-up

plan

Dividends

number

1231,

April
at

of

the
out¬

8,158,169

916,610

546,923

348,727

-__t;

other

and

233,362

63,467

45,419

364,479

303,23S

307,385

.

taxes

__

income—

on

86,902

1,018,500

740,000

$1,547,025

*Revised
to

preferred

on

$1,011,63(5

formerly

show

in

in

65,093

506,838

$1.54

separately

income

applied

113,183
697,995

L

___

share

common

to

Include

stock
stock

common

per

'

1_

__

on

Dividends

the

the

retirement
from

revenues

reduction

of

plan

repair

servicing

$1.02

and

contributions

and

inspection

service

expense.

BALANCE

(Including Canadian

SHEET

31

DEC.

«

Subsidiary)

ASSETS—

1948

Cash

/

1947

$1,290,450

*Amounts

by customers

and

others.-

$1,401,033

2,312,492

1,913,557

2,324,265

owed

2,215,710

_

Inventories
Other

current

Investment

and

assets

in

stock

~:U

prepayments
British affiliate

of

tLand,

buildings, machinery, rental
Patents, goodwill and development

at

182,587

220,047

269,573

269,573

etc.

7,896,438

6,730,807

1

equip.,

cost

1

$14,275,806 $12,750,733

LIABILITIES—
Bank

payable

on

Estimated

Federal

and

for

preferred
other

$500,000

1,386,112

others

to

Dividends

1,144,214

stock

taxes

29,610

24,297

1,230,164

income__

on

1,055,847

contingencies

rental

collected

sinking

4 V4 %

conv.

Common

'

$200,000

owed

Reserve

'

-

loan

Amounts

fund

stock

($2

450,000
billed

or

in

advance

debentures

cumul. pfd.

stock

1,365,211

value)

par

2.000,000

2,786,800

value)

1,032,969

2,000,000

—

($50 par

2.286,309

1,868,042

.

surplus '

Earned

surplus

1,850,042

156,924

97,339

3,252,943

2,309,225

$14,275,806 $12,750,733

*After
and

doubtful

for

reserves

obsolescence of $6,261,261

2690.

p.

acocuntts.

tAfter

and

in 1948

provision

$5,408,026 in

for

wear

1947.—V.

168,

•

Pittsburg & Shawmut RR.—Earnings—
February—

1949

1948

1947

railway—

$172,996

$233,412

$187,429

Net

from

45,474

79,180

68,622

ry.

railway______
oper. income

41,573

24,571

53,480

36,677

341,511,

468,213

375,222

277,896

80,789

156,798
84,966

139,953

95,540

108,411

76,436

from

Gross

locomotives, newly designed for
flexibility, have been ordered by this

and

most

modern

and

efficient

adapted

each

unit
with

two
of

of

each

effort

trial

5,626
one

the

will

locomotive

tractive

to

from

Net

ry.

unit

will

and

locomotive

freight
day, and

two

5,000

each of
four-wheel

three

having

two

horsepower

1946

$134,636
'

46,213

rest

the

on

efficiency.

FEBRUARY

_"

1949

$71,609,284

railway.

six-wheel

driving

wheels,

8,820,033

income—

Pittsburgh & Lake Erie RR.—Earnings—

767,045

AND

'

TWO

$3,000,000
—V.

169,

1948

1947

1946

$74,336,696 $64,888,600 $59,386,967
7,559,588
3,758,869
.
2,435,008
255,240
*2,689,323
*1,586,653

151,710,869

136,870,493

127,849,382

16,629,983

11,870,944
*1,529,631

8,725,674

1,313,595

on

2,923,091

it

$7,335,305

$6,484,294

5,959,290

5,668,832

$367,223
531,016

$1,376,015

6015,462

$741,483

$548,403

$1,504,642

18,270

19,539

39,034

$759,753

$567,942

190,082

107,029

2,735,596 >

ry. oper.

$641,644

*Railway tax accruals..
Equip. & jt. facil. rents

Cr662,663

Net
Other

ry.

1949—2 Mos.—1948

$3,102,819

562,824

income-

oper.

income

1,147,771
1,090,497
Cr712,196 Crl,276,398 Crl,423,30Q

Total

Income

Miscell.

deducts

Fixed

charges

inc.

fr.

$1,148,265
43,485'

-

960,892

Net

Salt Manufacturing
was

long-term
10 and

announced

notes,

113.

3.434

6,392

6,852

$566,224

$457,479

$1,164,790

$942,155

346,827

income

—V.

169,

inc.

280,381

713,110

576,789

taxes

1117.

p.

Pittsburgh Steel Co.—Stockholder Soliciting Proxiesto

the

board

directors

of

is

sought

Roberts,
Washington, D. C., attorney,
opposition to the management of the
annual
"In

meeting is to be held
spite

of

years," states Colonel
submit

nate

dividend

affects
has

to

arrears

solved,

The

A.';
in

stockholders-

presented during the past
"management has failed to propose

plan of recapitalization designed to elimi¬
the company's preferred stocks.
This failure

on

a

stockholders

common

been

by Colonel William
soliciting proxies

April 12.
opportunities

Roberts,

stockholders

is

company.

on

significant

the

two

who

dividend

well.

as

payments

until

For

the

on

the

problem of arrears'

common

stock

cannot

be

made."

1338.

p.

$1,543,676 ' $1,191,750
372,494
242,743

3,447

________

'

5,092,438

pp.

$3,564,735

expenses-

Election
MONTHS

21,529,694

company,

revenues-

oper.

Net rev. from

•

FIRST

153,396,023

Pennsylvania
The

1949—Month—1948

oper.

and

169,

•'

■

Period End. Feb. 28—

Colonel
>

1011.

p.

'Includes Fed.

income...

*Deficit.—V.

76,744

-

assuring

•

railway....
railway.

oper,

169,

Railway
Railway

having1 two four-wheel trucks. All the

'■

from

from
ry.

railway!

railway
income-

oper.

locomotives,

From Jan. 1—

Net

—V.

locomotives,

having

locomotive

other

build

horsepower

-

FOR

railway!

oper.

from

ry,

electric

present

unit

.

from

Net

freight

the

on

about

record

11,458,701

..

Electric

units,

••

from

the

$15,

each

each

Net

of

Co.—Stock Distribution Voted

the

come

February—

Gross

Gas

efficiency

EARNINGS

Gross

Co.

for selling,
administration

.

income

Earnings

Pitts¬

approximating 2,500 horsepower, they may be
ideally combined in the ultimate design to produce a locomotive of
5.000 horsepower,
7,500 horsepower or 10,000 horsepower, as is re-

50,002

Electric

&

11,133

of

contributions

been

Orders Four Freight Locomotives

—

designed, and engine fully

and

of

200,000

yet

General

subscription

future

near

Dcc-31-'47

12,999

and expenses

general

dividends

namely, Herbert W. Goodall,
Bridgeville, Pa.; Benjamin F.

requirements.

trucks,

then

Standard

power,

trucks.

record

its

to

of

outstanding shares

shares

additional

three

four

and

years;

the

p.

experimental

Net

stockholders

168,

believed,- will

quired.-

Oklahoma

exercise

common

stockholders

1231.

p.

Oklahoma Natural
The

of

Westinghouse will build
two units, with each unit

received

Gas stock
(plus any shares purchased on
in lieu thereof to sell an equivalent dollar amount

or

Kentucky,—V. 169,

of

William

President

locomotive
future

29,642

Oklahoma

the

term

a

Pa.;

two

elected

84,986

shares

*9 Mos. End.

$16,011,895 $11,114,509

$16,024,894 $11,125,647

and

Federal

of

portion

(INCL. CANADIAN SUBSIDIARY)

-

Net

been

Vice-President

185,918

to

oversubscription),
of

for

of

has

Texas,
Gaylord,

66,969

shares

of

shares

term

a

Dallas,
Bradley

year;

24,822

for

mail

metered

Dec-31-'48

obsolescence

Interest

Gross

148,237

right to subscribe for
shares, plus shares unsubscribed by others.

states

under-.

amendment.

11,991

rate

proposes

additional

by

53,208

89.000

offered

500,025

Co.

supplied

146,956

the

As

be

63,930

has

year's

buildings, machinery,
equipment, etc.__
Expenditures for development and research

to

company from the Westinghouse Electric Corp. and the Genera) Elec¬
tric Co. it was announced cn March 22.
Out of this .development, it

company,

Last

32%.

the

rental

for

11,989

subscription price being $32.50 per
period will expire at 2:00 p.m., April 12, 1949.
and

rights
shares

of

names

35,146

financing proposal of the

to

company's prices were held to an average
above the 1942 average,

products sold

&

postage

30)/ increase
and raising the metered portion of the postage

Net

to

are

receive

additional

price,

158,699

proposal,
at

terms

will

five

8,379

weight

1949,

date

of

15,478

stock

would

ratio

23?152

clearance.

Oklahoma

future

the

subscription
.

one

Pa.—V.

Four

$83,474

1010.

common

in

The

Pennsylvania RR.

Oklahoma Gas & Electric Co.—Stockholders'
Rights—
The

shares

owned.

MacNaughton,
of

Philadelphia,

1946

$61,727

from
a

com¬

23,973
3,407

income

oper.

of

6.679

railway—
railway

from
ry.

shares

increased

28,684

from

Net

undetermined

an

new

underwriting

for

reelected

pro¬

debentures

From Jan. 1—

Net

50,000

proposing

Ry.—Earnings—

1949

railway—!-

W.

term

a

burgh,
February—

stockholders,

to

revenue

Total

163, p. 2731.

Pepper,

Oklahoma City-Ada-Atoka
Gross

and

letter

$393,000,000, reflecting

From Jan. 1—

1321.

p.

on

shares

1947.

his

income

servicing

(EST)

a.m.

company

bonds

stock

11.30

additional

an

statement

Pennroad Corp.—New Director Elected—

The

bank

Ohio

to

up

in

__

insurance."

the

by the com-?
$11,114,509,
on

was

Year End.

par)

of

to

16

writers,

York.

1979

stock,. Cities Service
361,840
stock

the

1958.—V.

due

St.,

company

$3,000,000

ceeds

mortgage

from

proceeds
a

each

purchase of 1,000,000 shares of common stock (par $5)
received up to Noon
(ESTi April 5 and for the purchase of

$10,000,000

31,

Department

Products sold and rented and service rendered-Dividends received

Wear

and
each

stock.

$1,011,636,

V'

Total

rental

cents on
common,

27%.

was

level which was 26%

is engaged

Stockholders
subscribe

the

of

registration

a

The

tional. lines

Ohio Public Service Co.—Bid for Purchase of Common
and Bonds—

filed

29

in the general casualty insurance and bonding
financing is "to increase the company's capital and sur¬
plus and thereby furnish the company with
adequate funds to enable it
to carry on its
expanding business and to qualify to take on addi¬
business.

703.

March

on

offering to its stockholders

mon

$6,420,197

_

income

Dec.

CONSOLIDATED INCOME ACCOUNT

Meter

SEC—

Co.—Earnings—

sales

Net

at

Office

record of

reported that

2-'!4%

company

of

covered

period
income

of

President,

Jr.,

the previous year,
paid on all U. S. Mail
He

the

total
profit

9%

share

per

equal to $1.02
annualized basis, equal to $1.36 per share.
liabilities, at Dec. 31, 1948 were $10,064,709,

Post

over

postage

1947,

a

$8,543,406

U.

reached

of

sales,

total

on

represents

$1.54

an

on

Wheeler,

to

report,

earned

current

with

H.

that

Capital

Nine Months Ended Feb. 28—

months

earned

was

The profit

equal

annual

less

compared
Walter

is

share or,

assets

reported

quar¬
on

quarterly payments

currently

requirement"

resumed

about

or

Regular

share each have been made up

more

The

Oak Mfg.

and

company

common

meters

$1,547,025,
$16,011,395.

previous
the

Total
as

of
of

income,

the

which
per

profit

income
of

Total

Peerless Casualty Co., Keene, N. H.- -Registers With

_

.

net

pany's

bond.

stated.—V.

he

capacity,

announced

per
was

that

which was scheduled to be
and adjourned until March 30, has been further
(April 4).—V. 168, p.
154,

today

and

Gwynn's

whiskies

meeting of the stockholders,

March 29, last,

on

directors

terly dividend ordinarily due and

It

hold

A

dollar

announced.

company's'- total

tially

Nu-Enamel Corp,—Annual

purposes,

the best in the

CONSOLIDATED

a

in

The

will

New York, N. Y., to vole
$500,000 loan recently approved to the company
Finance Corp.—V. 169, p. 1338,

corporate

incident to securing
1339.

p.

profits, employment and payrolls last year
history of this corporation, accord-*
ing to its 29th annual report.

Pathe Industries, Inc.—Dividend Deferred—

April 11 at the New York Trust Co.,

on

an adequate available supply of author4
Should the board of directors deem future*

stock.

'

completed

company

holders.

on

Pitney-Bowes, Inc.—New Records Made in 1948—Sales
volume

were

$175,000.

703.

p.

,

1949,

.

another

milestone
in
the
company's
expansion
program
will be
June, he said, when a new $160,000 bottling plant is opened
at the distillery in
Lousville, Ky.
The two story^structure will have
fully-automatic bottling facilities? that will mean a 50%
increase in

be

meeting April 26,

169,

Esti.

Capacity—

Another

assets

unissued

Wage and salary

corporation

huge stainless steel

Handred

passed

spokesman who declined to permit identification said the
company proposal met with "considerable opposition" among the stock¬

by

postwar

Recently
Falls, Md.,

company for up to'$750,000.
A contingent proposal would author¬
the officers to increase the common stock of the
company to 500,000
from 315,000 shares.
'

on

used

announced

cost

a

the

A

is

when

ize

.

Co.,

placed: in - operation by Robert T: Handren, Vice-President in
charge of production.
'
The tanks,
which' have a combined capacity of 500,000 gallons,

Opposed—

cn April 4.
During the session, which was attended by about
stockholders in person, between 1,600 and 1,700 proxies were voted.
'The issue before the stockholders is a proposal that the officers

execute

Fitzgerald &

•were

stockholders on March 28, met for more than eight
no definite decision was reached.
spokesman said the stockholders will hold another meet¬

to

be

greatly expand the
ville. Pa., distillery,

ing

•empowered

will

its

of

refinancing proposal but

company

Underwriter,

Park & Tilford, Inc.—Increases

7. 626,575

annual

necessary or
desirable for any proper
this could then be accomplished without the
delay
stockholders' approval, Mr, Adams said.—V.

Retirement

common

hours

■

ceeds

1010.

p.

dividend.

$286,922

1,910

Norwalk Tire & Rubber Co.—Plan

A

1947

$482,024

7

It

from

The

a(L„par and

85,633

•

company on March 29 filed a letter of notification with the
for 1,025 shares of 5%
preferred stock (par $100), to be offered

SEC

$601,788

*86,327

railway.
from railway—
ry. oper. income
;

Net

1948

$522,891-.
*18,996

the

policy of maintaining

Costs of

the

1—:

From Jan.

Cross

1949

-

at

present intention with respect to the issuance of
of stock.
This proposal is In accord with past

no

shares

management of hotels; $500,000

The

';

on

vote

by 2,500,000 shares the present 7,500,000 shares
value stock, according to the proxy statement
March 25.
K. S. Adams, President, states that

issuance

non-

"Honorary

Morgenthau, Jr., as Chair¬
Robert Szold as Chairman of

and

tourist traffic and the construction

Northwestern Pacific RR.—Earnings-

will

par

stockholders

additional

company
Ized
but

common

Henry

President,

industry;

ment

to

no

directors have

any

service

filed

expenses of this issue." $4,000,000
further development of Israeli

the

1338.

p.

mailed

1947

354.300
99.2 cents

1949,

for

169,

and its subsidiaries during the
corresponding period of 1947, Were

the

in

Julius

the

in

shall

as

subject

relating 'to
depletion.

corporation

.

proposing

engages

of

five

shall

adjustments
and

The
prospectus states that
"The
corporation intends to use the
proceeds of this issue in the " ordinary course of its business. The
estimated net proceeds of this issue will be
$15,000,000 after deduction

the

stockholders

one

to

„

2689.

p.

Executive

•

(Minn.)—Weekly Output—

for the

company

kwh.,'as

week

30

due

contingencies

and in

tin

corporation

man,

'

Northern States Power Co.
Electric

of

addition,

subscriptions
stockholders

by

169, p. 1338.

In

March

for 406,000

extent

share.

per

unsubscribed

.allotment.-*—V.

record

of

before April 18,

or

stock

$29.50

at

entitled

have

on

common

held

!

",

$40,000

$0.19

price

Chairman

Co.—Rights to Subscribe—

stock

common

right

..shares

V'""-'

,.

of

taxes,

the

1943,

"

•'

$0.45

7

financing enterprises of a banking, credit,
land, agricultural and utility nature through subsidiary
subsidiary corporations. Herbert H. Lehman is listed as

R.

and

$0.68

$0.10

($25 par)
at $28 per share.
According to the company's prospectus, it was organised Jan) 18,
1926, to provide "an instrument through which Americans may par¬
ticipate in the economic development of Israel on a business basis."

formerly

President,

138,00o
$488,000

stock

(Chairman

Brooks, Executive

Ingalls,
Roblee,

of

168,

the

Co.;
L. H.
S.
President,
North
Douglas Stuart, Vice Chairman of the Board,
E. Williams, Vice-President, Hodges
Development Co.---V. 168, p. 2011.

Car

Oats

Research

Navy;

151,000
*$736,000

authorized

of

Palestine Economic Corp., N.
Y.—Registers With SEC—

to

that

Spencer,

M.

Wetmore Hodges

of the Hodges firm) and Mr. Anderson, include: W. A.

45,000

$210,000

>

income

for

quarter of

Average

Chairman

American Car

North

both

of

company.

Anderson will be advanced to

'Mr.

net

a

sales

Pounds

recently accepted by President Truman, will join the company

in April,

early

become

$626,000

14,000

Quarter Ended Dec. 31—

VIII

Bomber Command, European Theater, and currently President of the
Hodges Research & Development Co., has been elected President. John
R. Alison, whose resignation as Assistant Secretary of Commerce for

Air

$887,000

stockholders

resolution to increase

a

follows:

as

States

General,

$255,000

.

The

/■

$112,000
.

reserves

Tin

the

of

United

Commanding

and

depl._

-

Includes

fourth

Anderson,

Staff,

Strategic

and

$126,000

income

share

the

years.

Fred

depl.

Phillips Petroleum Co.—To Increase Capitalization—*

1949—12 Mos.—1948
'

the
Net

•

several

Corp.—Earnings—

1949—3 Mos.—1948

•

••

income, after taxes,

the

March

Co.—Borrows—

30,

proceeds

to

borrowed

be
V

used

an

for

additional

expansion.
<

Roberts

recapitalization
agement
at

the

declares

now

fact

it

is

possible

that his election

and

that

that

stockholders

to

would

desire

a

formulate

a

"demonstrate

plan

of

plan
to

of"

man¬

recapitalization

once."
The

proxy

President

of

statement
the

Federal

discloses
Bar

that

Colonel

Association,

Roberts

Senior

was

Attorney

formerly.

Examiner

/Volume 169
.for

THE- COMMERCIAL

Number 4791

th$-Interstate

Commission,

Commerce

People's

and

Counsel

t

of

Washington, D. c. v''''-'vj'.,v:"
YYYYY,y;
Yy J';, y'y 'Y.- Y'YYYyColonel Roberts is senior member of the law firm of Roberts &
iMcInnis, and as of March 26 owned beneficially-, directly or indirectly,
/180 shares of class A 5%
preferred stock.

-

February—

Gross

Net

ry.

16,355

income—

oper.

$2,217,288

$1,937,123
503,365
174,676

900,161
410,394

.

•whenever, and
stock

in

are

The

from

Net

from

Net

payments of dividends on the
is opposed to this proposal.

management

ry.

—V.

Partial

r

six quarterly

long as,

as

arrears.

From Jan, 1—
Gross

Y

,

4,197,522
584,736

railway

1

railway
income

oper.

169,

Redemption—;

.Y Y.

Y.<,

■

■

4,652,088
1,895,362
866,522

4,154,918
1,227,743
482,998

1,140,061
403,215

1339.

p.

There

v

been drawn for redemption on May 1, next, at l'OOVfe
$834,000 of first mortgage bonds, 4'/< % series, due April
will be made at tne Chemical Bank & Trust Co., -

have

interest,

1958.

1,

Rochester Gas & Electric Co.—To Sell Securities Com¬

165 Broadway, New York, N. Y.—V. 168, p. 2546.

trustee,

The

'

The

Securities

registration
This

of

and

Exchange

Commission

2,000,000-share

March

on

stock

25

the

cleared

employed (a)
to repay
$18,850,000 of short-term notes issued to banks for construction bor¬
rowings, (b) to repay any such additional borrowings between March
17 and the receipt of proceeds from the new financing, and to deposit
the balance, if any, in a special account to be applied to the payment

A

Corp., .New

of

Plomb Tool Co.—Resumes Dividend—
V

.

'

The

directors

payable

share;
the

15

23

to

declared

of

about Jan. 15, 1949

on or

record

of

It was'announced

113.

March

West

in

on

that

Texas.

30

this

...

time.—V.

'present

169,

plans for other financing at the

no

1117.

p.

distribution

The company March 28 filed a registration statement with the SEC
proposing the public offering of 150,000 shares of its common stock

par). Baker, Simonds & Co., of Detroit, is listed as the principal
underwriter. The offering price of the stock and underwriting terms
be

to

are

Net

supplied by amendment.
the

inventories

and for

ness

of

proceeds

finance

financing is to be

and

other

operations

general

of

corporate

added to working capital to
company's expanded busi¬

the

portion

A

purposes.

of

; p.

be

may

used

Veneer

to

Co.

meet

the

plant

payments

March

on

18,

of

acquisition

the

on

the
169,

for $379,750.—V.

1949,

704.

Years Ended Dec. 31—

>_Earns. per sh. oh
stock outstanding

1947

1948

Net earnings after charges and Fed.

400,000

inc.

of

shs.

taxes

$306,077

$201,093

$0.76

$0.50

Public Service Co. of Colorado-*—To Increase Stock—
stockholders

common

stock

thorized

on

preferred

from

May

consider

shares

from

on

will

23

1,250.000

stock

They will also vote
the

shares

proposed

a

increasing

1,875,000

to

250,000

shares

169,

and

the

are

first

Colony

New

mortgage

for

Trust

Co.,

Net

by

the

of

York, N. Y.—V. 169,

pp.

Bankers

Trust

Puget

Sound

Power

and

Council of Tacoma,

Wash., on March 23 adopted an order
for condemnation and acquisition of about $15,000,000 oi the property

was

vigorous

twofold.

.

It

condemnation

the

of

the

roused
order.

President

company's
also

It

set

in

motion

/plans by other municipalities in the 5,000-square-mile
Puget.
,..

In

•.

his

said

attack

it

Y State

"the

was

Council

adding:

"If Tacoma,

:

•

>

destructive

He

-

spelled

further

the

;,

-•

head

1

5

and

action

of

in the
'YYYY-Y

.

the

of

such

110

Puget

thing

its

as

supply

power

and

169,

additional

an

its

part

of

electric

stockholders

,

•

tain

or

As
'

the plan

adopted

of

outstanding and entitled to vote' At the meeting, the dissenting
being less than V/u%. Yf, y
■- Y-Y
provided in the plan, separation ofthebusinesses through con-

summation
Nov;

t V.

1;Y; 6,

1949

will

become

effective at

as

Subject to stockholder approval at' the' annual meeting on April
the company,-proposes. to split Yup its no par common ;stock on
basis of two shares for one by the .distribution of one additional

the

gliare
:
►

.

for

The

common

The

;Y

«

split

stock

into

up

held

share

Curb

pointed

close

of

business

on

Y;-..;-//YYY

that

out

stock

common

of common for each

the

at

announced

25 that the
be quoted ex-distribution until further notice.

would not

effected,

is

record

of

Y- YY/: '/-VY;
Exchange

"

York

Exchange

vertible
;

each

1949.

New-

a

on

become

the

on

March

preferred stock,

share-for-share

convertible

share of preferred

on

the

presently con¬
basis, will, if the

basis

of

stock.—V. 169, p.

two

;

.; AH

of the

redeemed
•

1

1588.

p.

on

■■■;

2,964

outstanding
July

1,

next,

at

shares
$110

per

of

7%

flow

share

yy/yy;^. ',.;;.

of

Rice-Stix Dry Goods

to

of

Operating
Operating
Net

ry.

and

The
name

to

.

the

both

the

The
'

name
on

or

stockholders

on

Feb.

8

approved

a

proposal

to

change

the

this company to Rice-Stix, Inc., and ratified an amendment
company's charter extedning it to Dec. 16, 1974.
company does not intend to file
an
amendment changing its

until

some

about

time

June

in May

1.—V.

169,

so

p.

factor

See

Ri

Y

>

Dry

Goods

Co.




above.

the

'

Zox

W.

in

previously

President

held

Bulk_ Sales.

the

Assistant General Sales Manager,

April

Richfield

Oil

Sales

168,

Manager,
1486.

p.

Y" :

1.

Y

1948,

18,
of

Corp.

New

Manager of Distributor and
and Vice-President of

Treasurer

Smith & Corona Typewriters, Inc.

(L. C.)

to the ViceMr. Braeckel
York, having

Assistant

Executive
On -Aug.

positions of Branch

General

company.—V.

the

of

F.

effective

marketing.

of

charge of marketing, on March
McGoughran as General Sales

in
as

formerly

was

charge

elected

that

becoming

McGoughran

.

Appointments-

(& Subs.)—

Earnings—
3 Mos. End. Dec. 31—

sales

Net

Cost

1946

1947

1945

6,594.829

$5,557,477

4,187,070

3,278,630

$3,409,907
1,969,579

1,898,952

—

$7,123,206

3,841,163

:

sales

of

1948

Selling, gen. and admin.
for

1,508,011

1,121,661

77,062

51,024

40,695

$763,652

$1,002,605

$719,812

$277,972

23,347

19,234

19,138

22,493

$786,999

deprec.

1,856,459

91,063

expenses

Prov.

$1,021,838

$738,950

$300,465

and
'

amortization

Net

profit
income

Total

income

Other deductions

164,643

71,059

42,863

76,522

U.

257.424

368,092

250,577

91,800

19,364

24,107

21,678

1,280

income

S.

taxes

taxes

Adjust,

income

of

prior

and

profits taxes of

excess

Crl2,82Q

years

Provision

for

Y/yy-Y----,:

60,000

$345,567

conting.

$498,579

161,283

161,283

------

papermaking, this
more than $425,000

Croix

St.

Co.

the

paper

River,- present

so

unreliable

output of paper.
be shipped in late

Earnings—

in

BALANCE

banks

and

SHEET

DEC.

31,

$0.41

hand, $1,492,427;

on

1948

Dominion of Can¬

and

British war bonds, $107,088; trade accounts and notes receiv¬
(net), $3,670,562; other accounts receivable (less reserve), $106,083;
inventories, $7,004,219;
non-current receivables and investments
ac¬

receivable, officers and employees,
(less reserve), $4,570;
real estate

other

real

accounts

$14,090;

receivable,

receivable,

contracts

$7,176;

estate

and

formulae, $947,965; total, $18,906,621.
LIABILITIES—Notes payable to banks, $1,500,000; accounts payable,
and other, $771,091;
dividends payable, $162,014; notes payable

1949—2 Mos.—1948

7,639,222
446,738

15,101,983

15,687,023

662,147

1,192,318

1,066,903

48,374

124,683

111,371

$717,106

$495,112

$1,317,001

$1,178,274

4,406

4,247

7,313

19,988

$490,865

$1,309,688

$1,158,286

244,406

544,647

trade

488,850

7,211,118

____

161,283

161,282
$1.35 Y

(less depreciation), $19,066; plant and equip¬
ment, at cost (net), $5,359,332; patents subject to amortization, $4,819;
prepaid expenses and deferred charges, $169,223; goodwill, trade-marks

54,958

expenses

ada

count

1949

$8,782,334 $17,875,240 $18,280,511

$8,663,268

$130,863

$436,652

able

investment in

1949—Month—1948

revenues

CONSOLIDATED
ASSETS—Cash

it intends to
that the uncer¬
source of hydro¬

company,

generating equipment

power

Stock 'YY

common

"■Y'*$1.51 ^^"•'$1.54

.

for

spokesman

a

Electric

income
on

income

maturing July 15, 1949, $300,000; U. S. income taxes accrued, $929,844;
foreign income taxes payable and accrued, $90,037;, other taxes and
payable and accrued, $919,076; coupon book and inspection
liability, $298,640; 3% notes payable maturing July 15, 1957;
reserve for insurance, $50,888;
reserve for employee retire¬
ment fund, $320,000; reserve for unrealized losses on
foreign exchange,
$68,541;
capital stock
(322,569 shares, no par),
$4,484,991; capital
surplus,
$583,250;
Earned
surplus,
$6,028,250;
total,
$18,906,321.—
V. 168, p. 2691.
expenses

contract

income

Deductions

income

from

available

fixed

Fixed

for

$712,700

charges

charges

273,258

Y YY'Y

Contingent

charges, int.
sinking funds

and

$2,400,000;

YY..'

205,727

206,783

411,454

$39,677

$353,587

$255,859

Southern California Edison Co.—To Offer Common-*-

413,577

$233,715

W.

Balance

ICC

on

at

M^rch 25 authorized the

C.

Mullendore, President,

plans

pany
"We

are

issue

an

of

preparing such

approximately

the

said.

level

annual meeting of stockholders

in

169, p.

The

with

the

procurement

of

certain

equipment.

Mullendore stated
stock

common

directors

of

the

also
is

that

adjustment

scheduled

company

at its
on

for

Diego

Gas

&

Electric

Co.—Denied

Exemption

Competitive Bidding—
Public

Utilities

Commission

The

of
of

California

on

March

23

denied

company has called for
first mortgage bonds, ZV4%

Payment

of

permission

of

to

do

the

away

shares.

■■■1

The Commission .added that

v-

v

/•

.

company suggestion there may tic a
lack of competitive bidding because of
prospective bidders being unable
to form syndicates whose members have access to
prospective pur¬
chasers
The

may

a

169,

rate

on

by

the board,
following- the

15,

1340.

p.

will

made

be

at

the

American

Holders

application.—V.

169,

p.

the

of

the

called

places mentioned

bonds

may

above

and

Trust

1,

next,

$583,000

and

interest.

104

trustee, 464 Cali¬
Bankers Trust Co.,
16
Co.,

them

present
receive

redemption price with interest to May

at

time

at

any

payment of

said

any

immediate

1, 1949.—V.

168, p. 950.

Y

;

Southern Colorado Power Co.—Weekly Output—

need farther attention.

said the company should try to sell the stock by
bidding and, if it desires to file an appropriate supple¬
mental application showing the price at which it is
considering selling
the
stock,
the Commission
will
give further consideration to
the

Redemption—

redemption on May
series, due 1970, at

St., San Francisco, Calif., or at the
Wall St.,
New York, N. Y., or at the Continental Illinois National
Bank & Trust Co. of Chicago, 231 South La Salle St., Chicago, 111.

Commission

competitive

current

dividend

the

April

that day.—V.

fornia

'Y

of

on

1232.

with competitive bidding in the sale of
300,000 shares ($20-par) .-4% % cumulative preferred stock.
The
company asked
for the exemption, saying a negotiated sale
would afford greater
certainty of sale on favorable terms and better

the

com¬

stock.

common

consideration

meeting

Southern California Gas Co.—Partial

San
From

connection

of

additional

of

'

dividends
—V.

Mr.

as

shares

issue, for such time as it may be offered
of the current market,"
Mr. Mullendore

Edison

liability,

March 28 announced that the

on

800,000
an

company to assume obligation
lessee and guarantor, in respect of not exceeding
$4,260,000 equipment trust certificates, series D, to be issued by the
St. Louis Union Trust
Co., as trustee, and. sold at 99.8166 and accrued1

Electric output
totaled

of this company for the Week ended Match 26, 1949,

2,972,000

kwh.,

corresponding week last

compared

as

year,

an

with

2,365,000

kwh.

for

the

increase of 25.7%,—V. 169, p. 1341.

1340.

Southern Pacific Transportation System—Earnings—:
O.

Bradley

been

appointed

Vice-President.

He

Period End. Feb. 28—

Railway
Railway

169,

The

1949—Month—1948

1949—2 Mos.—1948

$38,583,506 $43,394,429 $79,173,623

company
for 11 years as Sales Manager of the Super
Wholesale Grocery
Division.
His future activities will
the enlarging and coordinating of sales efforts in this field.

$88,757,721

revenues

oper.

expenses

32,842,709

34.014,810

69,965,141

opers.

$5,740,797

$9,379,619

$9,208,482 $19,052,299

insur.

96,157

retirement-

1,152,947

Federal

been

oper.

Federal

has

income

69,705,422

and

continue
—V.

has

this

Market

p.

704.

company,

$75,000,000

:Y

.

;:*'YV

v/

Net

rev.

fr.

ry.

Federal taxes:

according

to

press

reports,

is

negotiating

to

sell

20-year

debentures
privately to a group of insurance
This, it is said, will replace $45,000,000 of bank loans
in 1951 and will increase working capital.—V.

companies.

maturing

169,

p.

1271.

Scranton Electric

14*262

Other

Equipment
fac.

rents
rents

620,634'

203,450

1,286,325

2,440,788

.

1,189,858

2,463,622
3,006,918

1,543,768

State, co. & city taxes
Miscellaneous taxes
Joint

ary

Rice-Stix, Inc.—New Name—

of

associated

is

He

in

that the change will become effective

382.

Joe

Robert

appointment of C.

appointments

Mr.

Schenley Industries, Inc.—Private Financing—

of

Chairman

and

corpjralion.

America.

Coplon,

t<5- stabilize

designed

program

important

General

from

electric

the

oper.

Total

y-.

Co.—Change in Name, Etc.—

director

a

this

of

L. Hughes, Vice-President

Unemployment
'

elected

York Stock Exchange, and
the Finance Committee cf A. S. Beck Shoe Corp.,,

Earl

Blatt,

announced

Divs.

early 1950.—V. 169, p. 1118.

with

preferred stock will be
and dividends.—V. 168,

been

Committee

Manager, and of Marc F. Braeckel

San-Nap-Pak Mfg. Co., Inc.—New Vice-President—

Inc.—Calls Preferred—

/Y;y yyyy.y/y: /?

*

/:

ordered

enough

W.

Real Silk Hosiery Mills,

,011,575

l

1012.

Co., members of the New

Sinclair Refining Co.—New

shares

1232.

&

Vice-Presidents.

distribution

details in

Raymond'Concrete Pile Co.—Plans Split-Up—

Y;f April' 7,

supply,

power

Equipment—

St. Loiiis-San Francisco Ry. System

time prior to

some

determined by the MAfd of directors (see
p. 910).—V. "169, P. 1012.
•

8,

169,

^■

the: plan

of

modernization

two-year

a

Period End. Feb. 28—

shares
vote

with the
SEC
stock, ($1 par).—

capital

Equipment Trust Certificates Authorized—

28

827 ,608

and David Gray have beta
Schiff, Albert Schiff, Edward E.
Schiff, Jack Schiff, Herman R. Tingley, and Dr. L. A. Lurie were
reelected as members of the board of directors.—V. 169, p. .1271.
V y;!.' ?'v.v 'v
; ■"", :•" V'^\V*',..v:
;>'!]•'./

statement

its

of

electric power, will not affect the plant's daily
All the new G. E... apparatus is expected to

and

reorganization
recently recommended by the board of'directors providing for separation of the company's'theater operating business from its picture pro¬
ducing and distributing business.
The assenting vote of stockholders
represented in the aggregate in-excess of 80% of the total number of

•

shares

With SEC

electric apparatus.

of

install

private

March

on

registration

a

10,000

has

The

The

752,367

earned

to

551.

Balance

then

552,837

and other deductions.—V. 169/ p.

has

Advisory

Chairman

Net

,

Radio-Keith-Orpheum Corp.—Plan Approved—
,

filed

has

company

St. Croix. Paper Co.—To Modernize

1339.

p.

present

in each of the past 20 years from 1929 to 1948 in¬
in 1948 were equivalent to 25 cents share on the present
shares,—V. 169, p. 1012.

167, p.

As

property rights.
"Tacoma's
action
is
decidedly adverse to the public interests because it selfishly and
willfully seeks to prevent the constructive solution of
the critical, power problem in Puget's service area," he de¬
clared.—V.

also

Other

State,

facilities,

other

transferred

subsidiary of Shoe Corp. of

Feb. 4, 1949

and

The

the

which forced Puget out of business within its city limits
now
invade the company's service area in Pierce

rob

the

Other income

in

be

to

(■

:

to

utility,

made

that

private

the

of

ever

the
utilities

charged

of

end

served by

'

insidious

and

a
similar

area

*

--

to

can

ago,

there is

move

'

*

"

-.

County

*
Frank McLaughlin,
''

most

Washington.'-'

of

Tacoma

years

*'_.
on
the

is

company

covering

; and
business of the Puget Sound company. : These facilities represent
( about 25% of the $144,000,000 utility's generating capacity, it is said.
1
The
immediate effect of the announcement, says the New York

.''Times,"

and development

exploration

in

'
>

$1,444,377, equivalent to 50 cents
capitalization. Dividends have been paid

amounted

1948

worth

Business—

The City

.

actively

engage

company

Light

&

1949

14,

Russell Berg Fund, Inc., Boston—Registers

Co.,

Co.—City of Tacoma
/Adopts Order to Condemn Part of Company's Property

t

to

in

on

According

X

Steiner

G.

Foreign

V.

the

Mass., or at
1232 and 1339.

issued

outstanding in the amount of 2,869,948 shares.

income

share

per

au¬

employees

income

Wertheim

Ernest

1,250,000

of

States

30 miles northeast of Edmonton.
company's capital stock was split 4-for-l effective

and is now

series

Boston,

United

Jan.

•

against

Field approximately

shares.

D 3 W.'r
due Oct. 1, 1978,
outstnding temporary bonds at the

bonds,

available in exchange for

now

Old

•

dated

made

are

■»—

Shoe Corp. of America—Steiner o Director—
F.

Financial

29

subsidiaries,

with its

intends

number of

909.

p.

charges

company has filed a registration statement with the SEC cover¬
ing 250,000 shares of ($1 par) stock.—V. 168. p. 1404.

elected

is engaged in oil and natural
gas production in the Province
of Alberta, Canada: The company
pioneered in the development of the Turner Valley Field, the first
major oil and gas field discovered and developed in Alberta. The

Public Service Co. of New Hampshire—Definitive Bds.

,

Split-Up—

authorized

the

to 375.000

retirement plan

and it subsidiaries.—V.

company

Definitive
•

an

company,

clusive,
The

fund

304,537

Y,

earned

Shareholders' Trust of Boston—Registers With SEC—

was

common

The company has purchased the land and building located in Chicago,
', 111., which it formerly occupied 011 a rental basis.—V. 164, p. 3419.

■;

of

agreement

under

..

•••'

the

to

The

a

in

1 606,535

687,949

transferred

_____

President

The

(

-

a

1340.

underwriters

2

1,408

349

surplus if sinking fund and minimum capital
KY'fund charges are made against income

with

request

to

operations with a view toward acquiring additional reserves and in¬
creasing its production. It has recently acquired interests in properties
in
additional
areas
including
a
lease
purchased in the Redwater

Tortis Style Industries, Inc.—Earnings Lower—

.

capital

income

shares of its capital stock. Dominion Securities Corp.

company

f

sible

and outstanding

The

the pro.

ceeds

i California

•

8

agreed to purchase
Imperial
Oil
Ltd."
entire
stock
interest
of
2,540,344
shares
of
Royalite,Oil Co., and made a public offering of the shares in Canada
on
Feb. 10,' 1949. The shares
to which the registration statement
relates are to be sold by Dominion Securities Corp., Ltd., Toronto, and
James Richardson & Sons,
of Winnipeg, as selling stockholders, to a
group of underwriters headed by Kidder, Peabody & Co. and Dominick
& Dominick of New Vork.

J f$l

<.

by

748

surplus if sinking fund and maximum permis-

Ltd.,

Plywood, Inc., Detroit—Registers With SEC—

«

169, p.

April

until

persons

Royalite Oil Co., Ltd.—Registers With SEC—

!

%

interested

given

The company, formerly a subsidiary of Imperial Oil Ltd., on March
29 filed a registration statement With the SEC relating to a proposed

...

"the doiftpfeny, it wis said, has

•

,

has

The stockholders oh May 3 "* Will consider Increasing and changing
presently authorized capital stock from 1,250,000 shares, $2 par
value,
to 2,500,000 shares. $1
par
value,
to
effect a two-forgone
split-up.—V. 169, pp. 114 and 11; V. 168, p. 2230.

company has

5$2,707 *
be

to

,

2,069

be

Rousoit Art Metal Works, Inc.—Plans

1948. The payment ordinar-

915.508
—

income

of

2 Mos.- -1948
1949
$'22,912, 519 $22, 864,677
2 192,20$
1,955 329

...

.

982,663
1,039,741

859.938

income

income

Joseph

arfanged a
$6,000,000 loan with the Guaranty Trust Co. of New York to finande
constructionYofYa Y natural gas processing plant in. the Benedum field

.

would

is

Plymouth Oil Co.—Arranges Bank Loan—

'

.

financing

the

the

*"

;

SEC

hearing.—V.

per

This

31.

omitted.—V. 169, p.

was

cents

25

March

Cf

construction.

new

The

dividend

a

stockholders

.

rate as paid each quarter during

same

'ily due

March

on

April

proceeds

J949—Month—,1948

$11,007,068 $11,091,073

revenues

income—.

oper.

Balance

$16,677,000

shares

Y'

Net

issue

permits

^qualified.

requested SEC authorization to issue and sell at
of series L first mortgage bonds due
of $100 par, series G, cumulative preferred

has

bidding

50,000

stock.

by the corporation.
sale of the stock in any state in which the sale is
public offering of the stock, through Aetna Securities
York, is expected to be made April 5.—V. 169, p. 208.
new

a

and

1979

Playboy Motor Car Corp.—Stock Issue Cleared by SEC

oper.

"After fixed charges

company

competitive

«'

Total

petitively—

Payment

ry.

Balance

•

.and

Net

ry.

"Net

Y,
4,457,184

69,925

Total

51

RR.—Earnings—

Period End. Feb. 28— <

1946

1947

~

$1,932,681
260.720

railway
railway—.

from

1948
$2,104,919
457,086
127,577

1949

/.

-

from

Net

The stockholders at the annual meeting on April 12 will also con¬
sider a shareholder's proposal to amend the charter to give to the hold'ers
of
the 5%
A
preferred Stock the right to elect three directors
;

Seaboard Air Line

Richmond Fredericksburg & Potomac RR.—Earnings—

«

•

(1491)

CHRONICLE

FINANCIAL

&

(net)-

(netX

1,604,590

7,109
1,437,586

<

~2~5~389

22,606

3,185,997

2,913,973

Cr 10,126

CrlO.216

56

1,034,171
109,172

1,858,680

2,372,785

100,246

194,837

226,013

$1,909,139

$3,437,321

$1,309,466

$6,760,002

873,671

Co.—Secondary Offering—A second¬

distribution of 20,000 shares of

common stock
(par
by Smith, Barney & Co. at $13*4

$5)

was made March 30

per

share. Dealer's discount 50 cents.—V. 165,

p.

2298.

"Net

ry.

"Before

oper.

income

provision for interest charges

nonoperating income items.—V.

/

(

on

outstanding debt,

169, p. 1341.

Y YY

,

or

other

52

THE

(14921

Southern Ry.—Earnings—.

COMMERCIAL

adaptable

to

wide

a

&

in

range

screen

February—
Gross

from

avet

ry.

railway.
railway

from

Wet

1948

1949

1946

$17,008,408 $18,843,007 $17,956,555 $17,367,050
2,904,643
4,503,849
4,310,939
5,072,689

income..-

oper,

1947

1,933,191

1,212,854

1,878,854

2,491,632

From Jan. 1—

Gross

television

reproduction

sands,

in

hotels,

and

Industrial

Advent
the

from

35,615,030

railway....
railway..
oper. income

5,879,230

Wet

ry.

2,437,373

37,025,940
8,522,873
3,650,175

40,018,238

from

10,019,286
4,430,024

35,460,213
10,212,036
5,148,322

The

the

Period—

169,

Earnings—
1948

1949

...

Jan. 1 to March 21—

Week End. March 21

—

V

.

1948

1949

$6,374,834 $64,874,684 $73,009,750

$5,466,315

-

1341.

p.

Southwestern Associated Telephone

Co.—Earnings—

Month of January—

Operating revenues
Uncollectible

1949

Operating

$397,425
319,190

—

$355,948

39,434

revenues.

taxes

Wet

271,427

$38,801

$43,828

23,845

—

1118.

p.

than

Gross

He

said

the

Wet

from

Wet

ry.

\

$127,066

168,

"21,968
"41,102

19,995

railway

income

"3,110

From Jan. 1—

'Cross

ry.

also

"Deficit.—V.

169,

10,743

March

on

294,942

228,751

Net

51,692
20,676

Net

ry.

the
and

sold

States

United

at

and

99.83

of

curement

National

certain

Bank

Portland

of

dividends

accrued

equipment.—V.

to

Plans

Net

ry.

—V.

(Oregon),

p.

the

with

connection

1272.

pro¬

The

this

soybean
modern solvent extraction plant at

extraction

site adjacent to the
was completed in 1945.
The
new
plant
will not
increase
the
total
soybean processing
capacity, merely replacing an old process with a newer and more effi¬
cient one. Higher oil price levels and acute competition have made the
•large expeller plant uneconomic and the company was faced with the
problem of either increasing present extraction capacity or decreasing

erected
company's present extraction plant, which
new

volume

the

of

plant will

be

on

increase

in

government

to

TEMCO's

of

for

43

major

units

the

Columbia,

employment,

'

will

already

3,000.

1949

$202,668

'

$173,598

79,899

42,730

67,957

58,616

32,526

income—

12,090

35,253

29,72s

435,913

405,585

344,652

189,601

141,136

153,773

124,726

82,965

58,010

88,422

64,664

income—

oper.

1119.

p.

February—
Gross

from

from

ry.

1949

railway____

$9,270,635 $10,179,138
2,119,599
2,730,451

railway
income—

oper.

1947

1,144,787

1946

$8,251,202

2,875,664

1,125,139

From Jan. 1—

Gross

from

Net

from

Net

ry.

—V.

railway

19,418,972

income

169, p.

20,553,319
5,616,130

17,530,249

17,088,867

4,141,721

5,245,503

2,103,826

railway

oper.

2,160,149

2,097,200

5,594,760
2,553,610

1119.

Texas & Northern

connection

in

fcecause

of

with

railway
railway operating income

railway
railway—
railway operating income
169, p.

will be kept at a minimum
costs.—V. 169, p. 2692.

stockholders

authorized
«f

will

vote

capitalization
value.

no-par

tional

shares

poses,

such

sition

of

The

believe

but

properties

13,654,150

proposal

a

shares

plans

should

be

funds

for

stock

needs, acqui¬
There are now

dividends.

outstanding.—V.

the
shares

issuance of addi¬
for corporate pur¬

available

of

Judge

increase

to

20,000,000

to

for

no

additional

shares

common

on

have

issuance

or

5

15,000,000

they

providing

as

May

from

directors

company

169,

and

1118

pp.

1120.

the

104,454

4b!822

V

which

The

to

the

was

dividend

last

amounted

50
or

cents • per

an

212th

of

year

dividends

more

of

$7,642,395,

company's

consecutive

(Indiana)—Pays 50-Cent Dividend—

paying

each

share paid March
10,
1949,
of $78.64 per stockholder. This
dividend and began its
56th

average

consecutive

dividends.

cash

for

year

19

in

103,318

97,184

number

of

shares

Feb.

9,

of

as

5,000 in
1949

in

that

Equipment

New Official—
H.

L.

Kent,

Rand

•soll

Co.,

2548.

jp.

,

,

Manufacturing
•

-

.

Co.—

formerly Manager of the railroad department of Ingerhas been appointed Assistant to the President.—V. 168,

>

When

lowest

The

•

coolers

temperatures

Manufacturing
oil

4,000

Staten

completed,

are

at

temperatures encountered

Clifford

than

more

improvements
oil

test

the

to

the

to

coolers,

Island

in

Division

Edison

wind
100

tunnels

degrees

has

will

above

at

competitive

March

on

record.—V.

Corp.—Seeks

29

requested

bidding $2,750,000

40,000 shares of preferred

stock

of

SEC

30-year

($100

be

of

169,

orders

stock

which

it

and

will

260,000

receive

shares

325,000

of

1013.

p.

Permission

authorization

first

shares

common

of

to

to

sell

bonds and

mortgage

stock

voting

new

proceedings

continue

against

effect

in

of

Edison,

common

stock

for

of

1342.

p.

is

the
proceedings,
refunding mortgage

first

the

reorganization proceedings.
Leon Forst,
declared that a sharp re¬
only solution of company's financial prob¬

by

the

committee

H.

for

Ry. has been
these bonds.

of

Haas,

the

to

refunding

Addition

ports^ by
cording
pointed
last

Brazil

line

new

Nelson

out

six

added

of

products

Hilton-Davis,
to

that

months

for

is

dyestuffs

has

last

resulted

Cincinnati,

Knaggs,

there

of

export

currently

of

S.

was

decline

a

year

Ohio,

due

to

in

fast

a

in

50%

charge

pigments

for

the

and

textile

ex-

ac¬

He

during

the

abroad.

the most active market for all of
and

in

1948,
sales.

of

business

scarcities
bases

increase

Decemberi

foreign

dollar

naphthols,

were

in

since

Vice-President

new

the

and

Recently
acid
dyes.

formed

committee

at

the

for

the

of

company's

the

out

grew

reorganization

in

the

of

hearings

company

of

request

R.

Amott,

holders

The

to

an

A

announcement

four-unit

adaptable
<7 by 9

for

feet).

late

installation

"Exclusive
earned
For

of

surplus.
the

of

recovery
>>

three

compared with
V. 168, p..2439.

projection
Its

month,

hooked
on

which

together

screens

up

to

flexibility of installation




added:

bv

cables,

Tele-Video

is

63
square
feet in area
makes the system readily

new

impossible

or

to

date

to

and

products

measure

materials

to

the

for .bondholder
involuntary peti¬
pending in the Federal

months
loss

a

directors

all

$132,400

accrued

the

closed.

and

of

Jan.

$92,519

sales

the

addition,
in

be

to

be

1946

$216,333

written

off

qet

the

1949

the

for

same

net

current

for

was

loss

against

period

of

last

$7,462,

directors

the
in

the

paper,

$179,667

were

for

to

exceed

Research

Karl

are

substantially the

and

Development

T.

Harvard

totaled
period

of

$8,425.

the company

expects

figures.

1948

played

has

Company
On

Tracerlab's

the

an

board

Compton,

at

Income

net

Chairman of the Research and
Development Board of the National Military Establishment and of
Massachusetts Institute of Technology; George F. Doriot, professor of
Industrial

management

A

two

Business

School

Merrill

and

Corp.

—
Postponement
/: ':

weeks'1 postponement

the

Arizona

corporation

and

of

hearing

a

agreed

was

Washington.

Act.

The

Leonard

Gris-;

of

of

March

member

a

counsel

System.

He

the

of

agreed

to

Board

delay

made

are

for

of

the

charges
V!

monopoly
28.

,

the bank holding company's
California, Oregon. Nevada,

the

under

board,

the

Claytori

advised

officer

is

Monopoly;

-■

:

-

Townsend,

upon

charges

.'v.- Ar

J.

Governors

of

proceedings

sides

the

until

hearing

had

Federal

April

been

time.

more

Mr.

Reserve

11.—V.

169,

808.

Tri-Continental Corp.—Two New Directors—u
At

the

annual

Stillman
Mr.
N.

J.

Co.

He

Chairman

the

of

President

director of

a

of

the

New

York

New

University,

and

board

Bag

Mutual

of

National

Jersey

Western RR. Co., Union
Co., and other companies;

Insurance
of

is

and
is

also

&

wanna

cil

meeting of stockholders held on March 29, W. Paul
Joseph H. King were added to the board of directors.

and

Stillman

King

is

director

Zinc Co.,
&

Benefit

Bank

State

Paper

of

Corp.,

Life

Newark,

Delaware,

Lacka¬

Continental

member of the Governing Coun¬
of the New Jersey State

a

member

a

He

has

tion

in

President

of

and

Colorado

director

Interstate

been

associated

1938,

169,

with

prior to which

dividends.

redeemed.
for

The

date

The

close

redemption

an

be

may

amount

equal

business

of

May 9,
of determining

purpose

transfer

stock

which

retire

books

will

not

transferred

13,095

previously

were

the

company's treasury, resulting
retired by July 1, 1949.—V.
169,
p.

net

new

all

reduced

rate

In

areas

up

to

in

a

total

12.

of

of

the

and

are

18,345

shares

schedules
the

when the

March

on

effective

March

operates.

company

announced

26

28

In

for

title

New

the

insurance

County,
package, which

company has insured

the title within the past

manufacturers

received

the

first

the
such

by

the

985,107

share_____

$1.53

$1.52

Office

Commerce

in

of

& Co,

$3.85

"After

charges including Federal income

Total

production

only

slightly

a

year

for

the

less

January

than

the

Production

ago.

taxes.

quarter

total

of

for

the

of

985,107
$3.30

.-.'j.:
1949

1,965,058
nine

$3,251,124

of

1,909,035
for

tons

months'

the

period

tons
same

ended

31, 1949 amcnted to 5,315,074 tons against 4,988,748 for the like
period of last year.
Sales for the nine months' period totaled $27,927,compared with $22,163,058 for the same
period a year ago.—•

555,
V.

168,

'

'

2331.

p.

Twentieth Century-Fox Film
(And

Its

Corp.—Earnings—

Voting-Controlled Subsidiaries, Including
Theatres Corp. and Roxy Theatre, Inc.)

income from

theatre

"Dec. "25,*48

Consol.

net

U.

S.

license

the

of

Office
for

thousand

of

its

widely

publicized

International

own

under

International

Washington.

.

Trade

interests

profit

$

174,375,241 184,375,175

per

"Estimated.—V.

169,

1,906,668

2,664,773

14,003,640

22,619,535

2,769,107

2,796,016

2,756,462

$4.29

out.standing_.___

common

25,010,308

12,500,000

Period End. Feb. 28—

$4.81

$7.90

share______
p.

39,934,309
14,650,000

9,100,000

150.

(& Leased

Lines)—Earnings—

1949— Month—1948

oper.

revenues

oper.

expenses

25,570,816

25,005,513

from ry. oper.

t$4,118,120

$6,602,221

Net

Trade,

the

rev.

Federal

income

Other

new-type
has just

S.

Department

Net

in.c

from

and

•,,«

51,622,113

t$3,004,478 $15,328,072

1,900,000

_

4 500 000

2,438,658

4,412,123

4*.960,716

918,685

689,013

1,746,130

1,705,615

operationst$7,2l6,215

charge

from

oil

___

trans¬

and

other

Net

income—

income

sources

t$9,162,731

$4,161,741

2,233,895

4,389,379

4,512,019

367,850

314,852

1,027,587

645,929

$4,123,297 t$3,745,765

$<L319,689

t$4,810,918

charges

from

$1,574,550

2,037,447

gas

sources—__

Fixed and other

of

Now, one of the licenses, validated on the machine also
designed
specially for the government, has been returned to the Todd company
for use In exoorting a Todd
check-dating and numbering machine to
Belgium.—V. 169, p. 1342.

54,036,588

2,179,410

rents—net

Total

U.

taxes___

taxes

1949—2 Mos.—1948

$21,452,696 $31,607,734 $51,032,110 $66,950,185

Equip, and joint facility

____

use.

,

Dec. 28,'46

$

1,300,000

taxes.—_____

to min. ints..

•

shares

Earnings

'

21,600,000
7,800,000

_____

income

profit applic.

Net

163,400,000

operations (net)
Inc.
from
investments

security

of

Dec. 27,'47

rentals and

profit before Fed. taxes

and min.

Prov. for Fed.

Net

film

receipts

portation

regulations approxi¬
mating those used by the government itself in printing
currency, th&
license forms are shipped from company's main plant in Rochester
the

forma¬

1949—9 Mos.—1948

$3,790,337

985,107

per

"Inc.

for

its

Seligman

$1,497,190

Earnings

.

Rochester, N. Y.—First Export License—

company,

since

W.

985,107

filing

York

years.—V. 169, p, 1273.

license

&

$1,507,749

Railway

President,

which

and

•

company is offering a complete
title insurance
automatically includes up-to-date survey coverage without extra charge
when improved property is
being insured. In the case of fee or lease¬
hold insurance the new rate schedules
provide for additional gradu¬

Todd Co.,

Corp.
J.

______

shares

Common

shares

acquired

the

ated discounts

with

1949—3 Mos.—1948

profit

Common

Union Pacific RR.

in

was

Railway

Townsend,

Corp.

Truax-Traer Coal Co. (& Subs.)—Earnings-

be

Title Guarantee & Trust Co., N. Y.—Reduces Rates for

of

Securities

he

$

preferred stock
preferred stock for

the

for

30, 1949.
directors
voted
to

the

Securities

539.

p.

period End. Jan. 31—

"Consol.

Gross

through

call

June

preferred

Union

Co., The Colorado Milling &c
and Moore-Handley Hardware Co,

Union

time

of

Gas

Co., Goodall-Sanford, Inc.,

year.—

Title Insurance—

to

instru¬
thickness

are

program

earnings and backlog of orders,

1949

American

sales

Co.—Calls Stock—

approved

record

called

business

of

the

as

Certificates

close

In

20

has been ^made
believed to be
'
.t

are

company for the year ended Dec. 31, 1948,
income was $30,669. For the corresponding

net

before,

sales

The

of

and

on

quarter

$151,266

previously

31,

Oil

31

unpaid

shares

company's
to

which

this

research

mainly in

progress

'

ended

March

on

has been fixed

lot

now

"tracing",

observe.

Jan.

1947

$203,398

sinking fund of 5,250 shares of $3.75 cumulative
redemption on July 1, 1949, at $105 per share plus

the

chemi¬

familiar

in

and continuously
manufacture as

of

52 Weeks Ended—

The

by

for

emerge

process

characteristic

their

tool for the

been

have

medicine,

automatically

in

National

to

from

identified

important part in the growth of Tracerlab.

need

1948

"$147,853

Manufactured

last

important

year

net

Committee

the

on

now

1949

loss

This

Tele-Video,
reflection-projector institutional television system pre¬
senting life-size pictures, has been introduced by Telecoin Corp. at
a
four-day trade and press showing in New York, N. Y., according

science

stems

and

entirely

an

plastic film and sheet metal industries. Other promising ap¬
plications include the physical measurements of liquids, solids and
gasses, and production control instruments for process industries like
steel, oil, chemicals, foods, and pharmaceuticals.
v

Chairman;

recent

Mos. End. Jan. 31—

export

Corp., Upper Darby, Pa.—New Television

materials

laboratory tools.

rubber,

was

the

Tele-Video

"hot"

introduced

operations

in

Autoscalers

samples. The company
provides protective shields

service,

control

applications of Isotopic tracers

which

sheet

—V.

H.

are:

mortgage

applications to the P. S. Commission
to
reissue
approximately $1,500,000 of first refunding bonds held in
the company's
treasury.—V. 169, p. 1342.

ink

System Introduced—

be

can

Instruments

counters,

radioactive

of

research

radioactive

which

isotopic

of

processor

nucleonic

Geiger-Mueller

principal markets.

Elevator

Hilton-Davis

printing

industries,
with
other
South
American
countries
also
taking
largest part of the firm's foreign shipments.—V. 169, p. 608.

and

remote

Tracerlab's

First

a

4%

and

reorganization

and

first

Wadsworth Garfield, Secretary.
connection with the management.

no

for

the

Avenue

$300,000

Barnard

Sterling Drug, Inc.—Division Exports New Products—

of

Including

measurers

and

development

ments

the

JGdison

(par $20), together with the sum of $4,000,000 ou^ of the
preceeds of Edison's bond and preferred stock financing.
The old
preferred and common stocks of Edison will be cancelled.—V. 169,

value

industrial

its

pending

dismiss

to
of

part in

Tide Water Associated

pari.

old

headed

members named

Court

for

Simultaneously
with
such
sale,
General
Public
Utilities
Corp.
(parent) .will transfer and deliver to Edison 2,725 shares of old pre¬
ferred

motion

committee

a

active

an

expenses

Third

of

had

1949,

corporation

by

will

zero

Finance—
The

bankruptcy
order

Organization of the Committee

•

backlog

a

The

company's

take

may

in

over

Net

flight.

has

peacetime

a

the

from

In

in

Thompson-Starrett Co., Inc.—Earnings—

To keep pace with, the new developments in
aviation and jet .pro¬
pulsion, improvements costing $25,000 are now being made in the
•wind tunnels, used to test oil coolers, by the corporation's Clifford
Manufacturing Division.

The

radiations

Insurance

independent

bonds

9

able

4.

S.'Circuit Coutf of Appeals

U.

second committee of senior bondholders disclosed March

a

precise

consulting

containers

Mr.

An

,

Standard-Thomson Corp.—Makes Improvements—

a

them,

Banking Advisory Board.

tion

Railway

the

postponed

the

brought

representation

Standard

Corp.—Bankruptcy Proceedings

Committee Formed for First Refunding 4s—

169,

15,284,790.—V.

was

April

of

committee,

Ralph

1341.

p.

it

duction

9, 1949. The
1889 to 17,418,280 in

Feb.

and

Evans

of

lems.

The

1889

until

Meanwhile,

to

six

other

offers

p.

Frank
31

were

trace

Rudolph M.
Evans
that
counsel
for
both
conferring on evidence to be introduced and desire

bondholders.

of

number

the

in

from

grew

shares outstanding grew from

The

1930

with

1932,

paid one or
1913 it has

company

starting

and

years

paid four quarterly dividends each year.
The
number of company
stockholders
.number of

The

N.

March

outcome

This

Standard Oil Co.

Jerome

York

corporation

31

12.

»nd

to

its customers.
principal
commercial
manufacturer of the

the

The Federal Reserve Board charges that
activities "tend to create a monopoly" in

198,652
;

Third Avenue Transit

New

isotopes,

required by

is

against

Postponed by Court—

Standard Oil Co. of California—To Increase Stock—
The

group

non-radioactive

20,894

;

from

—V.

nuclear

46,403

____

Gross from

Net

ordinary

leading

Transamerica

From Jan. 1—

Net

a

of

nuclear

compounds

company
and
a

needed

$92,290

from

Net

in

by

radioactive

Energy Commission

Hearing—

1949

project

the

high construction

present

The

Ry.—Earnings—

Gross from railway
Net

exposing

of young scientists
physics and tracer
which
are
chemical elements to

1946

field

are

v/old, Chairman of the board of Massachusetts Investors Trust,

February—

soybeans

by

materials

raw

radiations

tracers

of

project. It is expected the plant will be completed by July, 1950. New
Uuilding

Its

Atomic

chemical

2,556,744

1,211,654

All of the shares are to

concern.

chain-reacting piles at Oak Ridge, Tenn.
sells these radoisotopes to Tracerlab
whose "hot" laboratory Incorporates them as tracers into the particular
The

Based

$8,800,871

1,064,661

this

by

shares of

104,000

uses.

company was organized in
to operate in the

engineers

$754,077

1948

of

net

corporate

The

and

the

a

processed, Mr. Scheiter said.
The
company's engineers have not yet determined how the new
equipment will be installed or the amount of building construction
involved.
Many of the steam, power, water and railroad facilities
serving the existing extraction plant will be available for the new

other

of

533,450

by,, the

SEC

publicly. Company has named Lee Higginson Corporation as
/'
proceeds of the financing, the company plans tp use
$600,000 for development of industrial applications for radioactivity
and the manufacture of equipment for that purpose; $250,000 for ex¬
pansion of present commercial products; $120,000 to purchase a new
building for laboratory and plant improvements and the balance for
the

and

1946

business

a

forecast

the

underwriter.

Of

While
1947

$185,184

-

by the Boston

par)

cal. reactions, thereby creating
of processes formerly difficult

1948

$262,318

i$l

and sale

issue

build

to
was

with

statement

the

covers

of

~

offered

the

necessitate

above

registration

a

The statement

*

railway
railway

169,

Net

pioneer

company's

be

of

Shares

104,000

V.

financing by the first company
by-products of atomic fission

25

stock

common

Net

trustee,

as

oil expeller plant
■with a new and
a cost of "several
million dollars" have been announced by E. K. Scheiter, Executive VicePresident..'"' -V.,''
replace

order

successor

Texas & New Orleans RR.
—Earnings—

Staley Manufacturing Co.—Plans New Plant—

to

the

from

Net

(A. E.)

initial

an

ship,

Boston.—Registers

the

on

March

intense

assume

in

169,

received

from

1342.

oper.

from

obligation
guarantor, in respect of not exceeding $4,500,000
equipment-trust certificates of 1949 to be issued by

and
liability, as
equipment serial

television

From Jan. 1—

Gross

company

had

railway
railway

from

75,391

21,739

the

home

average

Mfg. Co.—Boeing Contract—

&

from

51,355
4,051

authorized

24

filing

chemistry.

February—
Gross

Spokane Portland & Seattle Ry.—Equipment Tr. Ctfs.
ICC

the

1841.

p.

order

169, p.

Net

The

in

used

Texas Mexican Ry.—Earnings—

9,739

1272.

p.

which

is bidding on additional work from
Boeing, he added.
project, coupled with a recent $300,000 aircraft; re¬

immediate

280,686

"97,267

in

,

"51,737

income...

oper.

number

four-engine

Boeing

234,289

railway
railway

from

Wet

•

<

from

Wet

*

the

TEMCO

huge,

TEMCO

1946
'
$125,063
25,128

$141,148
36,149

oper.

principle

Boeing B-50
of
round-the-world non-stop fame, and that work would start
immediately.

an

,1947

railway' $111,893

from

optical

an

Inc.,

public

entirely

produced

—V.

1948

,,

utilizes

company

The

Spokane International RR.—Earnings—
1949

system

thrown

double

Tracerlab,

Common Stock—
First

officials, will outmode
television sets for large

type

Thus,

habilitation

- ■

home

will build components for one of the nation's leading
bombers, Boeing Aircraft Co.'s B-54, according to an announcement
March 26 by Robert
McCulloch, President.

c

February—)«

thou¬

business

company.

Texas Engineering

31,289

charges

169,

is

receiver.—V.

40,693

—.—...

operating income

after

—V.

one-unit

Monday; April 4, 1949

large-

to

specially

a

distant.

of

Net

20

organizations, as well as
system, according to Telecoin

television

picture

more

500

revenues

expenses

Operating

for

rooms

from

restaurants,
large homes.

the

conventional

new

The

Operating

of
of

on
a
14-inch parabolic
mirror and projected
designed picture corrector on the screen a few
it precludes necessity for magnification, and at
the same time eliminates
glare.
The corrector relays high intensity
pictures from each part of its surface.
Blocking up to 75% of its
surface will not materially affect the
picture.
The
four
major components are
a
master
remote
control
unit
providing all-channel tuning, a remote driver unit, audio
amplifier,
and optical barrel.
The system utilizes 49 electronic vacuum tubes—

$356,448

600

size

and

audiences

institutions,

1948

$398,025

—

...

operating

shape
before

churches,

CHRONICLE

projection.

through
feet

Estimated Weekly Gross

—V.

of

of

use

audience

Wet

Gross earnings

clubs,

FINANCIAL

519,830

533,091

1,042,959

1,057,771

all

t$5,330,748

"Excludes Federal income taxes.

$3,590,206 t$4,788,724
tDeficit. -"

-*

:

$8,261,918
•

•

NOTE—Operating revenues Were reduced and operating expenses were
increased substantially in 1949
because of severe blizzard conditions.
—V.

169, p. 1273.

,

The

Corp.—Stock Purchase Plan—

Union Bag & Paper

&

COMMERCIAL

THE

Number t#4791

Volume 169

total

total

the

for

vote

CHRONICLE

372,017

was

while

At the

annual meeting on

the

*

to

the

of

posing

liquidation, is now being prepared
Interested persons were given until
hearing

for filing with the Commission.
April 11 by the SEC to request

Light & Traction Co. Stock—

United Light & Railways Co. has advised the SEC that it has
tc
its stockholders all
but 6,673 shares of the 634,667 shares

The
sold
of

its

panies

1,268,698 shares of the common stock ($25 par) of
& Traction Co., offered at $12 per share. Both com¬

Light

transactions

brokerage

ordinary

through

sell the remaining shares

authorized by the SEC to

been

has

the

on

York Curb
the net

New

Exchange and to distribute to the stockholders entitled thereto
proceeds of such sale.—V. 169, p. 1120.

In

i
a

The

directors

25

March

on

30

that

announced

dividend

a

10

of

cents

of

stock

common

paid
for

Attention
after

Dec.

for

the

stock

10% "'common

called

been

the

to

"As

soon

of

such

of

this

sale,

without

but

certificate

will

.

.

entitled

be

after

and

interest,

to

other

no

Average

Co.,

shares
the

of

$1,166

169,

are

10th

of

share.

a

Dec.

On

the

by the terms of

31,

or

1940,

completed
corporation, and

agreement

the

Ogooue River in
Plywood company.

the

Mr.

have

capacity

a

will

of

available

be

in

1947.
of 7,440 million, 2.86%

excess

for

payroll cost per employee in 1948, including
payroll taxes, was $3,855, compared with $2,134
$1,721, or 80.65%-.

ACCOUNT

CALENDAR

FOR

10,000,000

for

American

frofri'Yy.

revenue

(FEA),

will

be

available

Railway

hardwood plywood mill
month of which 2,000,000

a

building,

furniture

and

___

railway operating income

69,407,447

65,570,599

$13,007,913

$10,089,578

532,886

Fixed

$10,622,464

$7,310,032

122,569

173,395

98,921

___

charges
Contingent charges

.

1,717,891

1,742,133

1,281,898

1,313,662

2,191,159
1,345,664

$10,553,253

$7,393,274
1,399,633

$3,674,288
1,399,633

_

be

two

past

._

Algoma

search

and

March

24

of

the

a

laboratory

$250,000

new

development at Winnsboro, S. C.,
H. Gordon Smith, Vice-President

it

by

textile

The

build

will

company

new

adjoin

the

company's

BALANCE

ment,

mill

in

in

road

property,

and

cash
deposits
bills

investments

Miscellaneous

'

accounts

the

mills

also

of

needed

be

textile

the

at

division.
io

mills

the

Additional

work

plant

pilot

their

on

operations

serving

facilities

products,

own

Accrued

will

and

accounts

Other

the

current

Asbeston

Deferred

be continued at

Unadjusted

product development department already in operation will
Hogansville, where the Asbeston mill is located. These,
activities will provide new and improved textile products for sale out¬
side the
company
and at the same time help to meet the textile
requirements of other divisions of the company. The principal uses
for textiles within the company are currently in tires, rubber thread,
"belting, hose, footwear, waterproof clothing and insulated wire.
Construction

the

of

facilities

new

Winnsboro

at

will

start

Funded

building plans are completed. It is expected that the new laboratory
lyill be in operation in abput nine months.—V. 169, p. 1161.

1948

—V.

168,

2440.

p.

*

stock
(par

debt

Equipment

$615,214

Interest

.failed

<'majority

of

favored

both

i

.

Under

three

at

a

stockholders
,

value

if

management

to

can

the
now

decide

•

management

new

$1

par

convertible

holders

of

new

;

four

receive

of
$3

preferred
shares
one

of
.v

share

$50- par

second

Into

would

decides

the "option

•

shares

'Whether

of

new

or

the company

compel

has

abandoning the plan.
Under the plan,
each
two

represented

or

current

507,189

Unadjusted

233,235,105

1,739,723

Net

at

the

of this company for
the
100,326,000 kwh., an increase of
kwh., for the corresponding week

annual

meeting
of

April

20

will

vote

company

and

its

cn

the

Dec. 31—

a

on

wholly

1948

per

tAfter

$978,626,951

675,076,913

970,673,847
for

Federal

821,253,749
36,458,463

taxes—

91,987,073

tax

39,330,722

t$$2,656.351

_____

t$48,806,417
$3.85

share
for

1947

37,652,046

$3;88

_

common

provision

$8,101,000 ir.

1947

$1,032,466,216
648,862,423

provision

income

Earned

to

special

$3,000,000
in
1948
and
inventory losses.—V. 168, p. 2735.

possible

cover

of

reserve

•

*

•

'
_

February—
from railway
from railway..-

1949

Gross

Net

1947

1946

$2,478,084

$1,981,744

$1,239,729

916,207

831,041

166,622
131,750

617,587

549,466

685,337
457,081

5,444,373

5,214,347

4,133,543

2,830,199

1,933,892
1,304,558

1,843,090
1,203,782

1.478,978

600,756

986,680

448,172

income—

oper.

ry.

1948

$2,636,387

Net

From Jan. 1—
Gross

from

railway
Net from railway
Net ry. oper. income—
—V.

169,

1342.

p.

t

•

Wiard Plow Co., Batavia, N. Y.—Stock Offered—
Wallace,
York,

White, with offices located in the Empire State Building,
on March 29 offered 40,000 shares of common stock
(par

New

$1)

$2.50

at

share

per

stockholder.—V.

without

underwriting.

Proceeds

go

to

selling

166, p. 1527.

Ry.—Earnings-

Gross

from

from

Net

ry.

1948

1949

February—

1947

1946

$2,063,759

$2,191,949

$1,858,897

$1,746,412

377,405

railway

432,243

319,782

374,683

railway

101,310

141,756

69,255

101.445

4,163,275

4,404,692

3,781,094

3,504,014

678,863

749,349

708,998

691,947

117,337

137,066

231,396

267.164

operM_incomc__.

From Jan. 1—
from

Net

ry.

railway
railway

from

Net

income—

oper.

169, p. 1162.

Electric Power

Co.

Common

—

Stock

Of¬

fered—Company is offering an additional 226,093 shares
of its common stock (par $10) to common stockholders
of record March 22 at $15 per share on the basis of one
share for each 10 shares held.

The offer will expire on

April 14, 1949. Lehman Brothers and Robert W. Baird &
Co. of Milwaukee have been engaged by the company as
dealer managers

ities

SEC

to

to form and manage a group of secur¬
obtain subscriptions for the additional

shares.

For complete details see V. 169, p. 1381.

dealers

company

for

March

on

Washington, D. C.—Files—

shares

15,000

filed

18

pari

(no

notification with the
offered at about $10
for rehabilita¬
new wells
on
acquired and for other pur¬

letter of
to be

a

common,

without underwrit ng.
Froceeds will be used
present
oil producing properties, drilling of

share

per
tion

of

properties to

and

properties

present

Zenith Radio Corp.

be

(& Subs.)—Earnings—

per

58,076,217

payable

31,102,957

66,126,002
800,000
75,052

66,591,002

67,868,120

1,000,000

2,420,000

67,794
2,024,246

1,326,417

4,856,472
1,175,872

5,150,651
1.254,556

4,398,812

43,671
21,044
1,477,342

52,689

1,399,633
2,730,855

-

5,782,063
16,244,382

876,244

22,018
1,534,689
'

a

Dec.

tubes

>V 480,399

343,704

82.025,781
492,464
$4.11

$2,116,324
492.464
$4.30

$1.82
reserves

ended

quarter

history,

31,

1949,

although

less than

slightly

were

for contingencies.

Jan.

in

the

were

consolidated

the

same

period

1948. the company
purchased The Rauland Corp., a
cathode ray tubes used in television receivers, and

6,

of

of

itself

supply

a

aie
presently
.production.

finance

to

the

purchase of The
$4,000,000

superior

of

the

of

one

type

television

major bottlenecks in

picture

television

company continues satisfactory.
In
of manufacturing facilities, including
Corporation, the comoany recently bor¬
long-term loan from The First National Bank

condition

financial

The

rowed

$895,307
432,464

peacetime

months

which

receiver

the

1,289,027

and

taxes

the

company's

nine

assured

thus

order

13,831,829
,384,636

the

$3,405,351

1,227,450

ago.

year
On

excise
for

sales

the

in

for

manufacturer

2,832,351

333,822

credits

highest

1,399,633

471.753

....

liabilities

Consolidated

sales

sl".are.._

depreciation

98,188

1,330,422

1,399,633

declared

58,076,211

31,695
15,327
1,463,291

accrued..'.

58,076,217

31,102,957

outstdg-

com.

$3,253,2^1

$1,041,246
492,464
S2.ll

__________

shares

Earns,

628,303

taxes

income

profit

Net

$1,439,263
543,956

$1,669,552

Federal

1949—9 Mos.—1948

1949—3 Mos.—1948

Period End. Jan. 31—

"Profit

1,562,214

221,200,220 213,064,805

31,102,957

the

of

expansion

Rauland

305,159

4,632,093

surplus
surplus (appropriated)
surplus (unappropriated)__

Earned

$1

properties

totaled

______

before

"After

value)

Unearned
Earned

new

at

681,034

liabilities

Deferred

the
the
meeting

the

at

and the plan.
law stockholders who do not approve

which

in

who> dissent

lair

present

accrued

Other

stock

common

68,064

unpaid
matured
unpaid.^..

accounts

new

to

4,576,941

9,683,566

of

94

94

28,508,046
2,615,002

21,202,708
4,416/726

a

Dealers Protected Against

4,968,423

3,876

34,723,668
4,590,508

on

Chicago.-

corporation

This

Radios

Zenith

tributors

on

and

March

has

just

Television

Price Declines—

Sets,

it

was

by Commander E.

23

its

guaranteed

factory

announced

list
to

prices
Zenith

on

dis¬

F. McDonald, Jr., President.

merger

Virginia

months

holders
The

the

73,552

.

unmatured

Taxes

receive the'98^
majority approval of
fneethig held on March §9, although

to

special

a

48,529

par

interest

Accrued

An agreement of; merger ,date<j. Feb. 18, 1949, between this company
»nd Sulphur Mining Corp., a Wholly owned
subsidiary, including a
plan of recapitalization to eliminate diyidend arrears on the 6',) pre¬
at

465,064

120,569
354,088

$100)

dividends

1949,

__

income

1,403,768

1,883.694

Unmatured

;

stockholders

billed

Income

4,872,305

275,930
411,876

r

Unmatured

subscribe

2,043,288

receivable..

matured

■

Virginia-Carolina Chemical Oerp.—Plan Fails to Re¬
ceive Required 98% Approval—

ferred" stock,

2,186,768

receivable

ino

present

to

poses.

1,881,509

obligations

Dividends

-

2,854,051

5,565,839

Audited accounts and wages payable
Miscellaneous accounts payable

1947

$354,774

loss

18,747,000

3,469,733

7,311,422
226,931

Amounts payable
to affiliated cos.
Traffic and car service balances—Cr

Universal Laboratories, Inc. (& Wholly-Owned Subs.)
Years Ended Dec. 31—

21,883.090

2,131,267

....

stock

to

amendment.

asked

_

Federal

LIABILITIES—

as

Net

Sales

Comon

soon

as

177,475,979 174,966,786
5,578,406
5,391,639

150,627

assets

"Common

Neither

subscribe

Co.—Weekly Output-

Yellow Cap Oil, Inc.,

receivable..

Total

Pfd.

Unsecured

stock.

new

to

an

Watch

Westinghousc Electric Corp.—Earnings—

$

44,892

assets...

debits

with

as

amendment

Waltham

agents

!

dividends

basis

be

The
stock.

new

in

asked

holders'

the

12 Months Ended

1946

437,991

Interest

all

and

and

debenture

in

50%
be

filed

was

31

1,849,840

from

holders

25%

and

would

plan for certain employees
subsidiaries.—V. 169, p. 210.

The

supplies

receivable

conductors

and

$1,482,233

$

28,193,110
1,821,758

receivable

Material

balance

$3.80

of

1947

183,838,970

expansion of these activities.
The new laboratory will provide

Net

and

and

cash,

electric

26,

stockholders

owned

equip¬

etc

Loans

plant

DEC.

4,981,638

Special

Winns¬

$2,274,655

$10.02
refund

$

invests,

statement

a

West Virginia Coal & Coke Corp.—Retirement Plan—
The

common

SHEET,

Cash

Manager

which the

pilot

$5,993,641

estimated

an

ASSETS—
Total

largest of nine mills operated by the textile division
of the company. The new laboratory will permit the consolidation of
the research and development work previously carried on in Winnsboro,
in Hogansville,
Ga., and elsewhere, and will provide for substantial

boro,

>

...

include

1948

General

textile

stock

profits credit carryback.

excess

Temporary

will

$9,153,620
$15.30

surplus

GENERAL

division.

building

1,399,633

income.

of

accruals

tax

of

account

to

common

per

"Railway

for textile re¬
announced on

was

and

__

appropriations

Earnings

United States Rubber Co.—New Laboratory—
This

income

Transferred

used

years,

logs, a blonde hardwood from the Belgian Congo.

cut

are

Net

Dividend

filed

plan.
$4,310,000 by

owed

retirement

$6,682,347
627,685

$13,675,611

_

deductions

the

1342.

the

March

Wisconsin

income

in

Wisconsin Central

667.698

Miscellaneous

to stimulate the French building industry.
United States Plywood has been importing
The veneers
in New
York City and made into plywood at the company's
plant (Wise.) plant.—V. 169, p. 1342.

will

plant
the

of

1946

1947

$18,188,735 815,220,487 $11,384,475
5,180,822
5,130,903
4,702,128

income

Total

feet

reveneering

cash

the

p.

of

output

over

holders

debenture

output of 96,116,000
last year.—V. 169, p. 1342.

will

new

is being financed by the French including the
banking house of Seligman & Co.
United States Plywood Corp.
is furnishing
the technical skill in construction of the plant and
will put it into operation about Nov. 1.
Mr. Illyne pointed out that the great bulk of the output of the
For

4.38%

—V.

Net

to

income
(net)ll

in

for

YEARS

operations. $30,317,225 $25,250,390 $15,19(^075.
12,128,490
10,029,903
"*3,811,600

operating

payable

financing

reorganization
are

creditors

under

169,

ended

Gross

Rents

in
50%

West Penn Electric

2,393
2,393
2,393
$107,361,529 $94,657,837 $80,766,674
77,044,304

Railway tax accruals

the

which

share-for-share

a

Power
week

employee excluding overtime pay¬
in 1948, an increase of

Paris

Korina

on

share—V.

a

1940 to $3,097

expenses

Other

the
feet

that

purposes.
He said:
"The entire project

Gabon

stock,

9,200

on

Province

Gabon

explained

Ottinger

approximately

produce

to

were

per

$1,777 in

following:
Boston * banks

equity

debenture

"However, present stockholders would

on

were

operated

oper.

cash

Net

April 1 by Lawrence Ottinger,
President of this
W. D. Illyne, chief of the mission
of Compagnie Francaise du Gabon, 20')
of the output of the world's
largest hardwood plywood mill, now nearing completion at Port Gentil
on

started

of

new

Wheeling & Lake Erie Ry.—Earnings—

expected

revenues

Ry.

of

trustees

get

unfilled

1948

mileage

for

the

booked

was

lead

the

of

the

Court

unsecured

Orders

work

had

plan

75%

get

would

nor

placed in service in 1949 and early in
train cars, 10 lightweight passenger cars,

compensation

oper.

the
banks

Orders

program,

25,

followed
source

committee,

proposal
to

that

would

stock

.

increase of

an

of

new

banks

under the wartime peak in

1948

from

Ry.

Net

an

risen

74.28%

Average

1954

United States Plywood Corp.—New Agreement—
Under

in

INCOME

539.

p.

The

company

mile

one

23.62%

average annual
overtime payments and

certificate.

scrip

for construction in

compared with $7,844,570

as

carried

and

scrip

City,

and

each

for

privilege expires

redemption

—V.

stock

common

of

rate

per

programmed

dieselization

the

The

31,

certificate, Bankers Trust
has sold the appropriate number
now
redeeming scrip certificates

the

of

York

Wall Street. New

14

of
at

the

provision

1948

annual

has

in

this

to

Earned $15.30

—

industries,

revenues

$1,320

this certificate."
Pursuant

Canada,

with

tons

1947,

ments

1948 the bearer
rights with respect to

Dec.

S.

1943.
$107,361,529, the largest in the history
of the company or its predecessors.
Operating expenses amounted to $77,044,304 in 1948 as compared
with $69,407,447 in 1947, an increase of $7,636,857 principally due to
increased wages and the mounting cost of material and supplies.

as

.

R.

15,

located adjacent to the company's tracks in 1948.
of the company as shown by the annual report was

in

Revenue
under

certificates promptly
provision:

following

March

income

$10,997,654

practicable, there will be sold for cash on the
New York Stock Exchange
the number of shares of common stock
of the company representing the total scrip certificates of this issue
outstanding at the close of business Dec. 31, 1948 and thereafter the
bearer of this certificate, upon surrender the.'20f at the Bankers Trust
Co., will be entitled to receive his pro rata share of the net proceeds
1948

on

oil station at North Kansas City (Mo.), and material
large diesel fuel oil stations at Montpelier (Ohio), Decatur

were

net

Gross

has

31,

RR.

permanent

The

of fractional shares
dividend, which was

lieu

1947, are urged to present their

15,
redemption.
Jan.

on

received. in

stockholders

March

at
Boston
proposing that
under
the
they be given new common stock of the
their presently-held debentures.
However, there was
debenture holders subscription to new
stock for cash.

as

mention

no

increased.

83

certificates,

the

of

fuel
for

carloads,

United States Lines Co.—Redemption of Scrip—
scrip

Toronto,

connection

was

year:.—V. 164, p. 734.

of

meeting

(111.), and Brooklyn (111.), all of which will be completed early in 1949.
A diesel fuel oil station was completed at Luther Yard, St. Louis (Mo.),
and the capacity of the existing diesel fuel oil station at Toledo (Ohio)

would be paid on the common stock on April 30 to holders
April 20.
This will be the first payment to be made in

Holders

of

large

ordered

United States Glass Co.—Resumes Dividend—
per share
of record

value

same

District

reorganization

creditors

Resigns—

thirteen 4,500 hp. diesel-electric freight
diesel-electric passenger,
one
2,000 hp.
diesel-electric passenger, seven 1,000 hp. diesel-electric switching, and
three 660 hp. diesel-electric switching locomotives.

located in Chicago.

are

United

annual

the

Rolling stock on order and
shops, to be completed and
1950 consists oi 1,044 freight
10 lightweight sleeping
cars,
locomotives,
five 4,000 hp.

holdings of

American

Vulcan Mold & Iron Co.—Director

holders

possible

a

their

Federal

trustees

provided

—

th.e Madison stock distribution.

on

Sells American

below

year.

Common Share in
1948
$10,307,319 for Improvements and Additions—
Arthur K. Atkinson, President, in his report to the
shareholders covering the result of operations and affairs
for the year ended Dec. 31, 1948, stated that a gross
expenditure of $10,307,319 had been made for improve¬
ments and additions to the physical properties and for
pew rolling stock.
Two 660 H.P. Diesel-Electric switch¬
ing locomotives, and 1,500 freight train cars were ac¬
quired.

the common stockholders of Railways. A plan for

euch

a

last

Wabash

the principal operating subsidiaries

stocks of

common

"Through

;

previously a member cf the board of
directors, resigned due to pressue of business elsewhere, and his place
on
the board was left vacant. The following directors were elected:
G. E. Anderson, E. T. Edwards, J. J. Henderson (Secretary-Treasurer),
P. H. Koller, Jr., R. C. McKenna, H. S. Saxman, H. A Stewart, and
James M Underwood (President).—V. 165, p. 2932.

was

of these companies to

\

.

amendment

Lampard

is part of the plan for liquidation of United and
Continental Gas & Electrical Corp. (Chicago), by dis¬

subsidiary,

:%•'

*'

as

Journal,"

company.

Ivey

At

stockholders

its

its

>•;'

-•

took place
,J' ■"
•'

Co.,

Madison

of

the vote which

with

.

received by United as its pro rata share of
distributed by American Light & Traction Co.
to its stockholders. The present distribution of these shares by United
stock

Madison

stock

preceding

out

Net profit is expected to be about 20%>
the $5,037,000 earned in the 1948 fiscal year.—V. 169, p. 950.

,

The

29.'

day

,y/v/:

Street

debenture

bowing

merger

$53,000,000

order.

the

'March

the

of

as

"Wall

The

said the directors will determine whether to proceed with
after determining the effect of any possible dissent.
The directors' decision on the plan cannot be made in less than
three months by the terms of the merger agreement.
Sales for the current fiscal year are estimated at $60,000,000 against

on

company

determined

Mr.

the

March 28 requested SEC authorization to dis¬
tribute to its own common stockholders 132,991 shares of the common
stock of Madison (Wis.) Gas & Electric Co.
The distribution would be on
the basis of one share of Madison
stock for each 25 shares of Railways' stock. Cash would be paid out
in lieu of fractional shares, equal to one twenty-fifth of the market
value per share of the Madison stock on the record date of the dis¬
tribution, which shall be the tenth business day (excluding Saturdays,
Sundays and legal holidays) following the date of the SEC clearance
The

be

on

'

,

The

Co.—To Distribute Madison Stk.

United Light & Rys.

\

ment to Plan—

Lynn Ivey, President, said dissenters have the right under Vir¬
ginia law to demand "fair cash value" for their holdings which is
to

53

Waltham Watch Co.—Debenture Holders
File Amend¬

108,118.

classes, 83,979 shares of the 6%
preferred voted against the
while 73,311 shares favored it.
Common shares favorable to
plan totaled 298,706 shares; with 24,139 opposing.

A.

participate. Not more than 20,000 shares may be allocated to Alex¬
ander Calder, President and Chairman; and not in excess of 5,000
shares to any other participant.
Stockholders also will vote on an amended employees' retirement,
death benefit and savings plan,,,which would extend benefits to hourly-

paid employees.—V. 169, p. 644.

(1493)

the

By

plan

-agreement

merger

opposed to the plan was

April 12 stockholders will consider a stock

purchase plan for executives, under Which not more thari 51,906 capital
shares may be sold within two years.
The price a share shall be the
mean between the highest and lowest selling prices of the stock on the
Stock Exchange on the day of purchase (or, if there are no sales, then
the mean between the bid and asked prices on the exchange at the
close of business on that day).
Eleven officers would be eligible to

FINANCIAL

to

the

stock,

to

proceeding

on

this

basis

stock.

at

one

$76

The
for

would
a

share

share

common

each

receive

chare

of

and

stock¬

held.

_—

Equipment Trust Certificates Authorized—
..

The
and

ICC

on

liability,

March

equipment-trust
National

dividends,
—V.

109,

Bank of

in
P.

21

authorized

the

St.

Louis,

connection

1161

as

with

McDonald

to assume obligation
exceeding $3,165*000
issued by the Boatmen's
trustee, and sold at 98.57 and accrued
the procurement of certain equipment.
not

-

said

that

Zenith

had

issued

a

price

guarantee

in

dealers against heavy losses such
lines of merchandise as a result
followed by indiscriminate price slashing

1936-37, and had thereby protected
they experienced in some other

as

of

overproduction

factory

and distress

company

guarantor, in respect of
certificates, series B, to be

as

Mr.

233,235,105 221,200,220 213,064,805

"Represented by 578,216 shares with a stated value of $100 per share
19,970 shares with a stated value of $12.75 per share.-

and

or

•.•••.„•

share

Total

have

Stock¬

>

callable

common

plan

dissent.

purchase their stock
put the plan through.

6'. 'preferred stock
preferred stock and

common




not

to

Mr.

liquidation".

McDonald

ventory

of

old

informed

the

models on hand.

distributors

Zenith has no in¬
the company was con¬

that

He said that

its postwar policy of introducing new models throughout the
year as they come
from the laboratory, rather than obsoleting a
dealer's inventory, by comlpg out with a complete new line of radio
sets once a year.—V. 169,' p. 1162.
tinuing

*'

54

".(1494)

-■

-

-

...

THE

■

STATE
A

.-"

bid

San Jose), Calif.

Bond Offering—Albert J. New-,

County

sealed

Clerk,

bids

until

will

receive

11

1,

follows:

as

$25,000

in

to

of

y4

of

general

1%.

the

District, and the Board
pervisors of the County has
and

The

obligations of
of Su¬

tangible personal property, which

same

rate of

interest, but

11,

required

to

furnish

successful

bidder,

charge.

Enclose

cashier's

check

legal opinion as to the le¬
gality of the bonds. Bids must
for not less than the
par value
the bonds bid for, and bids

be

of

be made either for the whole
or'

parcels

is

bonds

as

cels.

These

ized
8.

at

thereof.

reserved

to

bonds

$15,000,
County Treasurer.

able to the

Fruitland

certified

a

Union

Sch.

Dist.,

school

bonds

check,

Niland

obligation bonds offered March 30
169, p. 1382—were awarded
to Jones, Cosgrove &
Co., of Pasa¬
dena, as 4y4s, at a price of 100.274,
basis

a

of

about

4.22%.

on

Staats

Co., and Schwabacher & Co., both
of

San

at

a

Francisco,

from

jointly,

as

3s,

March

1274—were

25—v.

awarded

169.

to

Jones,
Cosgrove & Co., of Pasadena, as
4y4s, at a price of 100.27, a basis of
about 4.224%.
Dated May 1, 1949
and due on May 1 from 1950 to
1969
of

inclusive.

100.055

$10,000
Bank
&

4y4s

of

Second

for

Savings

high bid
4%s and

$10,000

made-

was

America

by

National

Association,

the

Trust

of

San

Francisco.
t

Malaga School District, Fresno
County (P. O. Fresno), Calif.
'Bond Sale—An issue of
$64,000
school

March

bonds
15

awarded

was

on

to

Blyth & Co., of San
Francisco, at a price of 100.008, a
net

interest cost of about
2.612%,
follows:

$12,000 2y4s. Due
1950

to

1952

on

1953

to

1963

May 1 from

inclusive.

34,000 2M>s. Due

on

District,
Riverside County (P. O.
Riverside), Calif.
Bond Sale—The $44,000 school

high

on

bid

ciation

Trust

of

Millbrae
San

San

May 1 from
May 1 from

of

& ; Savings
Francisco.

Bank
&

of

on

12,000 3%'s. Due

(PST)

19 for the purchase of

on

May 1 from

1966 to 1971 inclusive.

The

bonds

1949.

for

Second

3%s
&

veen

dated

are

on April
$136,000 not

exceed
5%
interest
school
bonds. Dated June 1, 1949. Interest
J-D.
Denomination $1,000.
Due

Mad

high bid of
made

was

1,

100.163

by John Nu-

Co.

Bond Issues Voted—At
tion held
on
Feb. 28

an

districts

ap¬

by a comfortable margin
over the
required two-thirds ma¬
jority, bond issues
aggregating

$8,308,000. Proceeds of the bor¬
rowing will be used in connection
with

the

proposed

project.

Willis

ton,

at
0.79%
28, 1949

ized bonds will be offered for sale
within the 3 to 6 months.
The

following shows the name
districts, amount of each
the result of the

each

of the

issue

balloting in

instance:

District

Bond

Vote

»

No.

Issue

Yes

No

$2,644,000

6,173

728

1,644.000

7,617

1,274

1,364,000

3,604

772

796,000

2,048

912,000

1,837

122

488.000

915

280

936

119

2-__
3___
5____

'

6

7____

460,000

v

124

of

rate

a

Bond Sale—The

bonds

offered

sewer

30—v.

169,

to exceed

not

bonds

were

Feb¬

19-fty.

7.
National

water

—

$35*0$)

28—v.

169,

1383—

p.

awarded to B. J. Van Ingen
Co., Inc., New York, as 4s, at a
price of par. Dated Jan. 1, 1949,
and due on July 1 from 1951 to
&

Callable at 104

on

prior to Jan. 1, 1952; 103 there¬
after on or before Jan. 1, 1953; 102
thereafter and on or prior to Jan.
1,
1954, and at 101 thereafter.
Only one bid was submitted for
or

the issue.
Winter Haven, Fla.

Certificate

Sale

$725,000 water
sold

was

Nelson

Goss

of

of

certficates

revenue

March 15 to

on

&

issue

An

—

Sullivan,

West

Palm

Beach, and Welsh, Davis & Co. of
Chicago, jointly.

County (P,
Rexburg), Idaho

Offering

F.

—

O.

and

bonds.

Dated

11

(MST)
the-purchase of

for

not to

a.m.

exceed 4%

Davis,
April

on

$150,000

Commerce Bank & Trust Co., St.
Louis, and Braun, Bosworth &

in

1964

1969.

to

)lW&,

able at the First

Dec.

000 in 1962 to 1970, $6,000 in 1971
to
1975, < and $7,000 in 1976 to
1986.
in

lowest

of

rate

$10,000 in

and

pay¬

verse

100.78

for

1986

numerical

interest

and

(b)

the lowest

will

maturing

be

optional
1, 1962 in in¬

order

or

on

any

of

on

and

rates at

the cost of
maintenance, provide

adequate
pay

to

sewer

pay

denreciation

fund

principal of the interest

these bonds when they become

due.

Legality to be approved by
Chapman & Cutler, of Chicago.

The bonds

were

election in

December, 1948.

Bond

livery.

date

None of the

of

bonds

de¬

shall

sold for less than par and ac¬
crued interest to date of deliv¬
ery.

The

approving opinion of
& Cutler, of Chicago,

Chapman
will

be

bidder,
at

furnished

and
an

1948,

all

the

bids

successful

must

These bonds

election
are,

held

in the

be

so

author¬

on
Sept.
opinion of

Sale—The

than

shall

rate

one

be

by each bidder. The bonds

be

awarded

responsible

to

bidder

the

who

highest

has

sub¬

mitted his bid in accordance with
the

notice

of

sale.

bidder will be the

The

highest

who offers

one

the lowest net interest cost to the

City to be determined by comput¬
ing the total interest on all the
bonds to their maturities, and de¬
ducting therefrom the premium
bid, if any.
No bid for less than

value

par

cluding

of

the

bonds,

interest

accrued

to

in¬
the

date of delivery at the rate named
in the bid will be considered. The

bonds

are
the direct obligations
City payable out of unlim¬

of the

ited ad valorem taxes to be levied
and

collected

property

all

on

within

the

the

taxable

City.

-The
opinion of Rossj- McCord, Ice & Miller, of Indian¬
apolis, approving the legality of
the bonds, will be furnished to

approving

the

successful

bidder

of the City.

pense

bids

will

be

no

ceived

tified

at

the

considered.

In

satisfactoiy bids

at

the

time

for

check

the
from

for

ex¬

No conditional
the

are

re¬

on

and

the

sale, the
day to

sale

day
satisfactory bid

a

has been- received.

Enclose

a

cer¬

$500, payable to

the City.

169,

vy;

'&:■&

p.

29—v.

awarded

to

$950,0C0 water
bonds

revenue

March

169,

offered

1163—were

p.

William

Blair & Co.,
Chicago,
and
Raffensperger,
Hughes & Co., Indianapolis, joint¬

of

ly, as l%s, at a price of 100.13, a
basis of about 1.354%. The bonds
are dated March
1, 1949, and ma¬
ture

semi-annually from Sept.'1,

1949,

to

March 1, 1961.
Callable
time, in inverse numerical
order, at varying premiums de->
pending on the'.date of redemp¬
at any

tion.

r

Second

high

bid

of

100.435

iy2s

Securities Corp., and
& Co.

Feb.

1, 1949 and
due semi-annually
from July 1,
1949 to Jan. 1, 1971.
The bonds
maturing in 1954 and thereafter
redeemable, in inverse numer¬
ical order, beginning Jan. 1, 1954,
at
varying premiums depending
on the date of
redemption. Second
high bid of 100.143 for 2V4s was
made
by John Nuveen & Co.,
Chicago.

C. F. Childs

IOWA

offered

1054—were

Dayton.

Raffensperger, Hughes

Dated

Sale—The

.was
made, by a group
composed of Halsey, Stuart & Co,,.
Inc.; Hornblower & WeeksjlCity

Co., of Indianapolis, as 21/4s, at
price of 100.756, a basis of about

2.175%.

South Rend, Ind.

Bond

works

for

$215,000 water
bonds

revenue

29—v.

awarded to
&

to

an

vr

INDIANA

a

interest

authorized at

Kendallville, Ind.

at

and

multiples of y4 of 1%, and

more

will

Village covenants and
by ordinance to maintain

times

and

bidder will
par

not

The

tem.

purchase

bonds

to be in

continue

interest at which the

such

to 1957, $2,000 Jan.
July 1, 1958, $2,000
July 1, 1959 to 1961,.$3,000 Jan. and July 1, 1962 to 1966,
and $4,000 Jan. and July 1, 1967
to Jan. 1, 1969. Rate of interest

will

solely from the revenues of the
municipal water and sewer sys¬

1949.

$1,000

thereafter until

of

improve¬

sewer

July 1, 1951

constitute

ligation

exceed

Jan. and

fixed

legal and binding ob¬
the Village, payable

p.m.
pur¬

to

Denomination $1,000. Interest J-J.
Due $1,000 July 1, 1950, Jan. and

date

a

2

the

Dated April 1,

interest payable at the First Na¬
tional Bank, Chicago.
Said bonds

pre¬

rate

interest
bonds.

event

March

or

not

interest date thereafter at par and
accrued
interest.
Principal and

works

14,

of

to

Security Bank of

any, above par, at which
bidder
will
purchase
such

ized

1969 inclusive.

All of said bonds

1977

for payment on Dec.

Idaho, N. A. Rexburg. Bids shall
submitted specifying (a) the

Sec¬

to

bid

De¬
J-D.

$1,000.
1, as follows: $2,000 in
1951
to
1.953, $3,000 in 1954 to
1958. $4,000 in 1959 to 1961, $5,-

Due

be

1.70s

1951

revenue

1, 1949.
Interest

interest coupon

Principal and interest

from

high

Feb.

New Athens, III.
>
'•<
hospital bonds. Dated May 1, 1949.
Bonds Sold—An issue of $55,000
Denomination
$1,000.
Interests
M-N.
Due
May 1, as follows: 3V2% water works improvement
$6,000 in T951, $7,000 in 1952 to bonds has been sold to the State
1958, $8,000Wjg59 to 1963, $9,000 Bank of New Athens. Due in 1964.

be

Mercantile-

sewerage

nomination

an

L.

Se¬

Co, of Chicago has pur¬
issue of $185,000 4%

operation,

County Clerk, will receive sealed
bids until 10

Channer

an

works

all

Madison

Bank

Chicago;

Sold—The

until

20 for

$80,000

of

2V2%

bids

April

on

chase

the

Lena, III.

agrees

Bond

inclusive.

sufficient water and

IDAHO

r

$1,000. Due Feb. 1,
from 1952 to

Co., Chicago. Legality approved
by Chapman & Cutler, of Chicago

chased

The

i,

Feb.

Principal
(F-A) payable at
City National Bank & Trus:

Bond

certificates offered

revenue

March

on

accrued

of

i9t>y

to

the

sealed

(CST)

named

dated

are

$5,000

29—v

Miami, Fla.
Sale

serially in

interest

curities
North

Certificate

mature

inclusive; $10,000, 1955 to
1957 inclusive; $15,000 from 1958
to 1964 inclusive, and $20,000 from

reve¬

March

Denom

an

3 954

$1,365,000

3%% interest

offered

bonds

follows:

as

1163—were not sold.

p.

ond




Dated

May

City
ceive

and

The bonds

i9bo

Bonds Not Sold—The

Each

specify in his

due

FLORIDA

1382—were awarded to a group
composed of the First National
p.

purchased

election in

The

Canaveral Port Authority (P. O.
Box 1463 Cocoa), Fla.

bonds,

$1,000,000

March

been

Co., of Chicago.

the

Bristol, Conn.

water

authorized at

0.80%.

conditioned.

shall

and

iy2s

Raffensperger,

by

Seymour, Ind.
Offering—Ralph J. Lucas,
Clerk-Treasurer,
will re¬

ment

ruary.
They
20 years.

mium, if

CONNECTICUT

$180,-

Illinois

Waterbury
Bank, second high bicider, named

Co., Inc., Toledo, as 1.70s, at a
price of 100.81, a basis of abouj;
1.614%. The bonds are dated April
1, 1949, and mature on April 1

bidder

interceptor

The

1949.

to

ager, and Vinton W. Bacon, En¬
gineer for the districts, it is prob¬
able that a portion of the author¬

made

.

disposal bonds.

interest.

March

Warner, General Man¬

H.

According

bonds has

of

and

Highwood School District (P. O.
Highwood), Lake County,

p. 1382—were awarded
to the First National Bank of Bos¬

county-wide

sewerage

issue

extension

by John Nuveen & Co., and J. T.
Swartz & Co., both of Chicago,

169,

—v.

in

proved

Sold—An

sewer

jointly.

Note Sale—The $250,000 tax an¬
ticipation notes offered March 24

elec^

voters

sanitation

seven

high bid of

Bond

Bonds Sold—An issue of $250,226,000 street and bridge bonds.
100,000
storm
water
drainage 000 school addition bonds has been
sold as 2%s to Sills, Minton &
bonds.

1, as follows: $5,000 in 1950
1963, and $6,000 in 1964 to 1974.
Principal and interest payable at
the
County
Treasurer's
office.

June

to

River

Sec¬

Hughes & Co., Indianapolis.

Bond

sewerage

1955 inclusive.

May

Orange County Sanitation Districts
(P. O. Santa Ana), Calif.

Asso¬

to

and

inclusive.

100.093 for

1954

was

000

April 18 for the purchase of $1,376,000 bonds, divided as follows:

$1,050,000

to

ond

works

Offering—Fred A. Jackie,
City
Comptroller,
will
receive
sealed bids until 8 p.m.
(EST) on

of

June 30 and Dec. 30

on

1950

urer.

Bond

San

May 1 from

certified

a

;

a

bid, payable to the County Treas¬

Waterbury, Conn.

Trust

of

Enclose

Corp.,

l*&s, at

as

check, for 5% of the amount of the

Notes

were

Elementary Sch. Dist.,

a.m.

National

Association,

$32,000 3%s. Due

Mateo

bids until 10

America

Savings

Francisco, atra price of 100.038, a
net interest cost of about
3.626%,
as follows:

for

Bond Offering—W. H. Augustus,
County Clerk, will receive sealed

annually

sold.

Securities

price of
100.333, a basis of about 1.402%.
Dated April 1, 1949 and due semi¬
from

Cole, of Hartford.

169,

1

100.12

11,

1383—were awarded to

p.

City

Indianapolis,

Collinsville, III.

169, p. 1274—were awarded to the

County (P. O.
Redwood City), Calif.

;

March

on

169,

School

Sale—The

been

Robinson &

nue

$34,000 2y2s and $30,000 2%s was
made by the
Bank of America
National

offered

and all bids

any

Vernon

Bond

and to readvertise any such bonds
sale until said
bonds
have

proved by Robinson,

28—v.

1964 to 1969 inclusive.

Second

4y2s

re¬

for

and

and

inclusive.

18,000 2%s. Due

for

The right is

reject

to

as

North

ILLINOIS

Nuview Union School

~

offered

100.227

Sec¬

1950 to 1965 inclusive.

Water Works
District No. 3, Lake
County
(P. O. Lakeport), Calif.
Bond Sale—The
$20,000 water

p.

as

high bid of

inclusive.

to

by the
Legality ap¬

made by the California Bank
of Los Angeles.

price of 100.075.

bonds

1972

the

amount.

or

served

was

Kelseyville County
r

1950 to

Dated

April 1

on

v.

therein, without limitation

$769,000

1950.

;

against all of the taxable property

State of Connecticut.

1348, Niland), Calif.

—v.

April

of

:

City, Ind.
$34,00u school
building bonds offered March 30—

rate

will be guaranteed as to
payment
of principal and interest

Sanitary District (P. O.

Box

Bond Sale—The $47,000
general

bonds

awarded

was

March 7 to the William R.

cash¬

or

or certificate of de¬
for $1,000, payable to the
Chairman Board of Supervisors.

pay¬

County (P. O. Marysville), Calif.
Bond Sale—An issue of
$40,000

Feb.

on

posit

or

Yuba

author¬

held

certified

a

in par¬

or

were

election

an

said

purchase

Due

The

sell

whole issue

a

Enclose

ier's

without

for

his

the

for

AA:.■

counsel, a general obligation of
County, payable from ad va¬
lorem taxes that may be levied

April

on

1949.

be

ond

the

(EST)

Dated April

The legal opinion of
Orrick, Dahlr
quist, Neff & Herrington, of San

the validity
bonds, will be furnished to

a.m.

Monday, April 4, 1949

the

Im-

7

April 1, 1949 and due

of the

D.

series M-3 notes.

The purchaser

is taxable at limited
rates) with¬
out limitation of rate or
amount.

Francisco, approving

Offering—Hollis

such interest rate shall be in mul¬

power

all taxable property within
the District subject to taxation
by
the District
(except certain in¬

composed of

bids until 11

orem

upon

a group

mick, Secretary, will receive sealed

is

obligated to levy ad val¬
taxes for the payment of said
bonds and the interest
thereon

by

Housing Authority, Conn.

Note

not

right

turities of the bonds., The
interest
rate stated .in the bid must be
in
are

interest,

made

was

bear the

issue

different rates of interest and to
split rates irrespective of the ma¬

multiple

of

be necessary that all
of the bonds offered for sale shall

may

ders

must specify the rate of in¬
terest which the bonds shall bear.
Bidders will be permitted to bid

a

rates

or

own

1958, and $24,000 in 1959 to 1969.
Principal and interest payable at
the County Treasurer's office.
Bid¬

bonds

shall

will

June

1950

rate

tiples of y4 of 1%.

registered school bonds.
Dated June 1, 1949.
Interest J-D.
Due

the

Meriden

it

-

'

DEPARTMENT

ferent interest rates.
Split rate in¬
terest bids will be
received, and

coupon or

$1,000.

CITY

CHRONICLE

Bear, Stearns & Co.; Roosevelt &
Cross; C. F. Childs & Co., and
Tripp & Co.

a.m.
(PST)
on
April 11 for the purchase of
$489,000 not to exceed 5% interest

Denomination

FINANCIAL

and the premium
offered, if any.
Bidders may make one or more al¬
ternative bids for the bonds at dif¬

Cupertino Union School District,
Santa Clara County (P. O.

lin,

AND

&

BOND PROPOSALS AND NEGOTIATIONS
■
A
•
o:..,
■

A;

CALIFORNIA

COMMERCIAL

Bond
works

March

Sale

—

The

>

$3,500 water

bonds

revenue

25—v.

y

Iowa

169,

p.

offered

1275—were

awarded to Mr. Slater of
as

2y2s, at

from

par.

1950 to

Dayton,
April 1
inclusive.

Due

1954

on

Hamilton County (P. O.
Webster City), Iowa

are

Bond

Sal e-—An

issue

of

$125,000 hospital bonds has been
purchased by Wheelock & Cum¬
mins, and the Carlton D. Beh Co.,
both

of

Des

Moines,

jointly,

as

Volume 169

Number 4791

2^s, at a price of 100.336.
bonds

tion

authorized at

were

Nov.

on

2,

Offering
be received

will

The
elec¬

an

Ottumwa, Iowa
—
Sealed

Bond

<CST)

THE

until

bids

10

a.m.

April 2 for the

on

pur¬

chase of $29,000 general obligation
Due

bonds.

May

1,

follows:

as

$3,000 from 1950 to 1958 inclusive,
and $2,000 in 1959.

^

KENTUCKY

Ashland,

Ky.
$lo0,000 flood
Wail general obligation bonds of¬
fered March 22—v. 169, p. 1275—
were
awarded to the Equitable
^ Securities Corp., Louisville, and
Russell, Long & Burkholder, of
1 Lexington, jointly, on a bid reflebting a net interest cost of about
2.19%, as "follows:
' ;
Sale—The

Bond

.

The

bonds

COMMERCIAL

dated Feb.
1, operations affect the County's eco¬
previously unsuc-" nomic and financial situation.
Foremost among the financial
cessfully offered on Jan. 11 and
Feb. 8—v. 169, p. 747. Associated problems
the
Council
will be
with the Provident Savings Bank called
upon to solve is the neces¬
& Trust Co. in the purchase were:
sity of providing enlarged pub¬
B. J. Van Ingen & Co., of New lic services and facilities for the
York, R. S. Dickson & Co., of continually increasing population
1949

and

are

were

Chicago, Barcus, Kindred & Co.,
Welsh, Davis & Co., both of Chi¬
cago, Walter, Woody & Heimerdinger, Breed & Harrison, Fox,

brought about to a large extent by
the unusual growth of the City of
Washington, D. C. The largest
centers of the County's popula¬
Reusch & Co., Weil, Roth & Irv¬ tion are Chevy Chase and Silver
ing Co., Seasongood & Mayer, all Springs areas, most of whose citi¬
of Cincinnati, Felix M. Rives, of zens
commute
to
Washington
Shreveport, and the A. M. Smith-,; Where they are either engaged in
Wood Co., of New Orleans.
business or employed by the gov¬
- '.
MAINE

Auburn, Me.
Note Offering—Bernal B. Allen,
City Manager, will receive sealed

1950 to

1956 inclusive.

1 from

?37,000 2s. Due on Feb.
1957 to 1961 inclusive.

64,000 2V4S.. Due on Feb. 1 from
1962 to

1969 inclusive.

and

telegraphic bids until 4 p.m.
(EST) on April 4 for the purchase
at discount of $350,000 notes is¬
sued in anticipation of taxes for
the fiscal year beginning April 1,
The

1949.
as

notes will

their

to

certified

be

genuineness

by

the

Merchants National Bank of Bos¬
>

,

The bonds are dated Feb. 1,1949
those maturing from

and

.

1955 to

1969 inclusive are callable begin¬

'

ning

Feb. .1, 1954. An. account
headed by the Bankers Bond Co.,
4>f Louisville,; was second high

;
<

bidder, naming

net cost of 2.22%.

a

Franklin 'County

(P. O.
Frankfort), Ky.
Bond Sale — The $84,000 3%
school building revenue bonds of¬
fered March 22—v. 169, p. 1276—
awarded

were

W.

to

Thorn-

C.

ton, and approved as to legality by
Storey,
Thorndike,
Palmer
&

Dodge, of Boston.

pending
tion.

on

Second

the date of redemp¬
high bid of 95 for

4s was made by the Security &

r

Bond

Co., Lexington.
Marion

County (P. O.
Lebanon), Ky.
Offering — J. M. Gray,

; ',-V„j

Bond

County Clerk, will receive sealed
bids until 11 a.m. (CST) on April
5 for the

purchase ,of $125,000 3%
building
revenue
bonds.

school

Dated April 1, 1948. Interest A-O.
Denomination $1,000. Due April 1,

'

"

as

follows: $15,000 in 1962, $16,000

in

1963. to

1966, $17,000 in 1967
and 1968, and $12,000 in 1969. The
bonds
are
subject to prior redemption only in inverse order of
maturities on any interest due
date after Oct. 1, 1950, upon terms
of the face amount plus accrued
Interest to the redemption date

'

;
.

.plus

.

3%

additional interest equal to
if the stated date of redemp-

\ tion is

on or

•

and

the

same# terms if reApril 1, 1954, or thereexcept that the additional

on

'

deemed
•

after,

prior to Oct. 1, 1953,

on

; interest shall then

pal

;

interest

and

J Marion
'

National

will

Bids

be 1%. .Principayable
Bank,

the

at

Lebanon.

considered

be

only for
"the entire amount of the bonds
having the ^ foregoing/ specifica-

'

'

tions

'

and

be made

none

on

Bids must

other.

forms which may

be

; secured at the County Clerk's of¬
fice.
The bonds are to be sold
'

subject to the principal of and inon the bonds not being sub; ject to Federal or Kentucky ad

!

terest

%

Valorem

;

their

,

taxation

the

of

date

successful
bidder and to the final approving
legal opinion of Skaggs, Hays &
Fahey, of Louisville. The county

•

•

•

;

5

I

will

delivery

on

furnish

to

the

said

opinion

the balance of

These bonds
an

authorized

issue of $275,000.
fied check for

Enclose
$1,000.

a
•

certi^

•

LOUISIANA

| Acadia Parish (P. O. Crowley), La.
j
;

J

sealed bids will

be

Hamilton Street,
$750,000 notes mission, .4017
offered March 28—v. 169, p. 1384 Hyattsville,
Maryland,
until
3
—were
awarded
to
the Second p.m. (EST) on April 13 for the
National
Bank
of • Boston,
purchase of $2,000,000 coupon se¬
at
0.814%

Sale—The

discount.

Dated

April

1,

1949)jahd due oh Dec.-1, 1949. The

ries

water

struction

main

1949.

ton, second high bidder, named a
rate of 0.94%.

terest A.-O.

MARYLAND

Frederick, Md.
Bond Sale—The $600,000
bonds

offered

March

coupon

29—v.

169,

and

bonds.

Merchants National Bank of Bos¬

;

main

March

25—v.

as

to

payment of both principal and
by the Commonwealth of
Massachusetts. Legality to be ap¬
proved
by
Storey,
Thorndike,
Palmer & Dodge of Boston.
interest

offered

notes

awarded
tional

March

the

to

Bank

of

$75,000

30

was

Merchants

Boston,

Na¬

at 0.70%

The Day Trust Co., Bos¬

discount.

sewer

Dated

con¬

April

1,

will

receive

a.m.

(EST)

chase

1276—were

Bond Sale—An issue of $1,000,000 courthouse bonds was sold on

or

at

the

11

pur¬

discount

at

Gloucester, Mass.
$120,000

April 1, 1949 and due on
April 1 from 1950 to 1957 inclu¬
sive.
for

Second high bid of 100.034

1V4S

school

bonds

offered

coupon

March

29

169, p. 1384—were awarded to
Morgan & Co., Inc., of New
as lV2s, at a price of 100.384,

v.

J.

P.

York,

basis

a

of

about

Dated

1.438%.

April 1, 1949, and due

Equitable

on

April 1

ing the Summer or early Fall of

000 notes offered

this year.

awarded to Halsey, Stuart &

dent

Lee, is to keep the County's
national credit rating at the high¬
est possible level, and to obtain
funds for needed public improve¬
ments

at

the

lowest

rate

of

in¬

on

March 29

1384—were awarded to R. L. Day

was

&

Co.,

of

Inc.,
plus

Co., of Boston, as Is, at a price
100.143, a basis of about 0.953%.

New York, at 1% interest,
Sale consisted of:
a premium of $126. The First
Boston Corp. and Chemical Bank $70,000 sewer construction notes.
Due on April 1 from 1950 to
& Trust Co., in joint account, were
1954 inclusive.
second
high bidders, naming a
10,000 street construction notes.
rate of 1.01%, plus a premium of
Due on April 1 from 1950 to
$102.
The

notes

are

1949 and mature

dated
on

April

Nov. 3,

1,

10,000

1949.

man,

Chairman,

announces

of

the

State

Shawmut

discount.

The

the

to

Bank

Boston.

National

of

named

notes

high bidder,

of 0.747%.

rate

a

The

National

Second

Bank of Boston, next

dated March

are

1949 and mature

on

31,
1949.

Nov. 4,

Uxbridge Housing Authority, Mass.
Note Sale — The $50,000 first
series

notes

169,

v.

the

March

offered

28—

1384—were awarded to

p.

Bank

National

Second

of

Boston, at 0.796% interest. Dated
April 5, 1949 and due Feb. 15,
of

Shawmut

National

The

Bank

high

second

Boston,

bidder, named a rate of 0.89%.
Waltham, Mass.
$400,000 notes
offered on March 29—v. 169, p.
1384—were awarded to the NewSale—The

Note

ton-Waltham

Bank

of

Trust

&

Co.,

at

0.74% discount.
Dated March 29, 1949, and due on
Nov. 3, 1949.
The First 'National
Bank of Boston, next high bidder,
Waltham,

named

a

rate of 0.80%.

>

Wellesley, Mass.
Wells,

Note Offering—Arthur K.

will receive seal¬

Town Treasurer,

bids

until 11 a.m. (EST) on
April 4 for the* purchase at dis¬
count of $200,000 revenue notes,
dated April 4, 1949, and due on
ed

Oct.

28, 1949.
Worcester, Mass.
Sale—The

Note

notes

nue

to

awarded

$1,000,000 reve¬

offered March

31 were

National

First

the

0.68% discount.
Trust Co. of Boston, sec¬
ond high bidder, named a rate of
Bank of Boston, at

The Day

0.697%.
notes

The

April

dated

are

1949, and mature on Nov. 4,
The notes will be certified
genuineness by the First

1,

1949.
as

to

National

Bank of Boston, and approved as

legality by Storey, Thorndike,
of Boston.

to

Palmer & Dodge,

(P.O.

Worcester County
-

Worcester), Mass.

Note Sale—The issue of $1,000,000 notes offered on March 25 was

awarded

to

National

the

Shaw¬

Bank, and the Day Trust Co.,
both of Boston, jointly, at 0.71%
mut

discount, plus a premium of $1.25.
March 29, 1949 and due

Dated
Nov.

15,

1949.

Second Na¬

The

tional Bank of Boston, next
est

bidder,

named

high¬

of

rate

a

0.714%.
The sale consisted of:

$425,000

tuberculosis hospital

maintenance
nations

75,000

notes.

Denomi¬

$100,000 and $25,000.

tuberculosis

maintenance

hospital

renewal

notes!.

$50,000

and

All of the notes are dated

April

Denominations

$25,000.
6,

1949

and

mature

April

on

5,

1950.

MICHIGAN

1,1949.
high bid of 100.02 for Is
made by the Day Trust Co.,

Ann Arbor,

Bond Sale—The

I

Mich.

$1,560,000 sewer

disposal system revenue bonds, se¬
ries

I, offered March 28—v. 169, p.
awarded to a syndi¬

Second

that

Housing

main construction
on
April 1 from

Each issue is dated April

sealed bids will be received at the I

offices

Due

1950 to 1954 inclusive.

Brockton Housing Authority, Mass.
Note Offering — Samuel Sher¬

-

water

notes.

.




of

1954 inclusive.

.

>

awarded

---were

—

study, according to Presi¬

by the Mer¬

Bank

Pittsfield Housing Authority, Mass.
Note Sale—The $1,300,000 notes
offered March 29—v. 169, p. 1384

,

:v :/■••....

made

was

National

-

This

R.

1950.

Bond Sale—The

au¬

thority of Chapter 122 of the Acts
of 1918 of the General Assembly
of the State, as amended. Prin¬
cipal and interest payable at the
Prince Georges Bank & Trust Co.,

Hyattsville,

until

of
$1,000,000
anticipation of rev¬
enue
for the
year
1949.
Dated
April 5, 1949.
Payable Nov. 10,
1949, at the National Shawmut
Bank of Boston, and authenticated
as to genuineness and validity by
the aforementioned bank, under
advice of Ropes, Gray, Best, Coolidge & Rugg, of Boston.

$1,000. In¬
$50,000 April 1,

1950 to 1989. Issued under the

bids

April 5 for the

Equitable

March 15 to a syndicate headed terest obtainable.
by the Provident Savings Bank & >•. Another purpose for the engage¬
;
Trust
Co., of Cincinnati, at a ment of the Consultants, is to
price of par, a net interest cost of study the County's past financial
...about 2 80%, as follows:
practices, those of the Washing¬
$424,000 2%-s. Due on Feb. 1 from ton Suburban Sanitary Commis¬
V."
1950 to 1965 inclusive. •
sion, and the Maryland National
576.000 3s. .Due on Feb. 1 from Capital Park Planning Commis¬
1966 to 1979 inclusive.
sion, in so far as their financial
.

to

Dated

notes issued in

Denomination
Due

sealed

on

from 1950 to 1961 inclusive. Sec¬
awarded to the
Trust Co., Baltimore*1 ror at the
ond high bid of 100.358 for lV2s
Securities Corp., and
Chemical Bank & Trust Co., New
was made by Halsey, Stuart & Co.,
Hirsch & Co., both of New York,
York City, at holder's option. Bid
Inc., New York.
jointly, at a price of par, a net in
ders are requested to name the in
terest
cost of
about
1.762%, as
terest rate in multiples of % or
Holyoke, Mass.
follows:
Note Sale—The issue of $500,000
1/10 of 1%, and each bidder must
$450,000 public improvem't bonds specify in his bid the amount and notes offered March 29—v. 169,
of
1949:
$55,000 6s, due on the maturities of the bonds of p. 1384—was awarded to the Na¬
April 1 from
1950 to 1953 each rate.
No
bid may name tional Shawmut Bank of Boston,
inclusive; $45,000 114s, due on morfe than three interest rates and at 0,75% discount. Dated March
April 1 from 1954 to 1956 in¬ all bbhds maturing on the same 30, 1049, and due Nov. 30, 1049.
clusive; $125,000 IV2S, due on date must bear interest at the The'Merchants National Bank of
April 1 from 1957 to 1963 in¬ same rate.
No bid of less than Boston, second high bidder, named
clusive, and $225,000 l%s, due par and accrued interest or less a rate of 0.75%.
on
April 1 from 1964 to 1975 than all of the bonds offered will
Lynn, Mass.
inclusive.
I
be entertained.
The bonds will
Note Offering—Daniel J. Mc150,000 water system bonds of be awarded to the bidder
offering Ardle, City
Treasurer, will receive
1949 were sold as l%s.
Due to
purchase the bonds at the low¬ sealed bids until 11 a.m.
(EST)
on April 1
from 1966 to 1975 est interest cost to the District
on
April 5 for the purchase of
inclusive.
such cost to be determined by de¬
$800,000 notes.
Denominations to
All of the bonds are dated April
ducting the total amount of the suit purchaser.
Payable Nov. 9,
1, 1949. Alex. Brown & Sons, of premium bid from the aggregate 1949 in Boston or New
York City.
Baltimore, second high bidder, of¬ amount of interest upon all of the
The First National Bank of Bos¬
fered a price of par for $40,000 6$; bonds until their respective ma¬
ton will guarantee the signatures
$90,000 ,iy4s; $45,000 iy2s; $150,000 turities.
General obligation; un¬
and certify as to legality of or¬
l%s, and. $275,000 2s, or a net in¬ limited tax; registerable as to der
authorizing the issue, validity
terest cost of about 1.905%.
principal only; exempt from taxa¬ of which order has been ap¬
tion by the State and by the coun¬
proved
by
Storey,
Montgomery County (P. O.
*
Thorndike,
ties
and
municipalities in the Palmer & Dodge, of Boston.
Rockville), Md.
State;
unconditionally
guaran¬
Debt Study — Frederic P. Lee,
Maiden, Mass.
teed as to both principal and in¬
President of the County Council,
N o t e
Offering — J. Howard
terest by Montgomery and Prince
has announced that; Wainwright,
Geofges Counties by endorsement Hughes, City Treasurer, will re¬
Ramsey & Lancaster, nationally on
ceive sealed bids until noon (EST)
each bond; form of bonds sub¬
recognized V Municipal
Finance
on
April 4 for the purchase at
stantially the same as bonds of the
Consultants, 70 Pine Street, New last
discount of $750,000 notes issued
preceding series.
The bonds
York, has been engaged to make
in anticipation of revenue for the
Will .be delivered about May 9,
a survey and prepare a report on
1949,
at
place
of
purchaser's year 1949. Dated April 4,1949, and
the social, economic and financial
choice.
The approving opinion of due on Nov. 4, 1949. Payable at
factors
of Montgomery County,
Mitchell & Pershing, of New York the National Shawmut Bank of
Maryland, for the purpose of aid¬
Boston.
Notes will be authenti¬
City, will be furnished the pur¬
ing the Council with its capital chasers without cost.
Enclose a cated as to genuineness and valid¬
budget, and to make recommenda¬ certified check for
$20,000, pay¬ ity by the aforementioned banks,
tions on a Hong range financing
under advice of Storey, Thorn-:
able to the Commission.
program. The preparation of the
dike, Palmer & Dodge, of Boston.
budget will get under way about
MASSACHUSETTS
Milton, Mass.
April 1, and will be adopted June
Note Sale
The $90,000 notes
1, 1949.
The beginning of the
Boston, Mass.
offered on March 31 — v. 169, p.
Note Sale-L-The issue of $5,000,financing will be worked out dur¬

p.

169, p. 1384—were
L. Day & Co. of
Boston, as IV4S, at a price of
100.33, a basis of about 1.175%.

awarded

chants

Easthampton, Mass.
Note Sale—The issue of

Orange, Mass.
Sale—The $40,000 coupon
notes
offered
on

Note
water

1

printed bond forms.
"are

•

and

that

received at the office of the Com¬

April

1, 1949 and due on
April 1 from 1950 to 1959 inclu¬
sive. Optional on or after April 1,
1953, at varying premiums de¬

Washington Suburban Sanitary
District, Md.
Bond Offering—J. Darby Bow¬
man,
Secretary-Treasurer,
an¬
nounces

Lewiston, Me.

burgh Co., of Cincinnati, at a price
of 93.50, a basis of about 4.34%.
Dated

Notes will be guaranteed

1950.

55

Boston, at
ton, second high bidder, named a
0.86%
interest.
Dated April
6,
Due to the small area of the Dis¬ rate of 0.73%.
1949, and due Oct. 17, 1949. J. P.
trict of Columbia, the only way
The notes mature on Nov. 4,
Morgan & Co., Inc., New York,
its population can spread out and
1949, and will be certified by the
second high bidder, named a rate
expand is either into Maryland or Director of Accounts, Department
Virginia; both of these areas have of Corporations and Taxation, of Of 0.867%, plus a premium of $29.
grown very fast during the past
Massachusetts, and legal opinion
Taunton, Mass.
>
10 years.
Montgomery County's furnished through his office.
Note Sale—The issue of $350,000
population figure according to the
notes offered on March 29 was
Fall River, Mass,
1940 Census is 83,912; the esti¬
to
the
Merchants Na¬
Note Offering—James E. Mul- awarded
mated 1949 figure is 136,000.
tional Bank of Boston, at 0.704%
lins, Temporary City Treasurer,

'

Note

(1495)

Board, 18 Tremont Street, (Room
819) Boston, until 1 p.m. .(EST)
on
April 4 for the purchase Of
$50,000 notes. Dated April 8, 1949
and payable to bearer on April 7,

ernment.

"

$49,000 2V4S. Due on Feb. 1 from

CHRONICLE

FINANCIAL

&

1276—were

was

cate

headed

Co.,

of

Boston.

by John Nuveen

Chicago,

at

a

price

&

of

*<ih*

56

(1496)

THE

100.0004, a net interest cost
about 2.2259%, as follows:
$165,000

31/4S.

Due

of

Due

on

1,

July 1 from

1955 to 1959 inclusive.

475,000 2s.
1960

2V4S.

from
The

1949

bonds

to

dated

Feb.

1,
from

callable

verse

numerical order

July

in

or

after

1959, at varying pre¬
miums depending on the date of
redemption. Associated with John
Nuveen
were:

&

Co.

in

the

purchase

Stranahan,

Harris & Co.,
Inc., of Toledo, Stifel, Nicolaus &
Co., R. S. Dickson & Co., both of
Chicago, Crouse & Co., of Detroit,
Channer

Securities

Co.,

cago, Donovan, Gilbert

of

cashier's check for $3,200, payable
to the District Treasurer.

Chi¬

notes offered

be

Offering—Sealed bids will

received

by the

$50,000

March 28—v. 169,

on

1384—was
awarded
to
the
Peoples State Bank of Hazel Park,
at 3V2% interest. Dated March 15,

1, Mich.

1949, and due

and

on

Aug. 15, 1949.

Secretary of

Ironwood, Mich.
Board
of
Education
until
Note Sale—The $50,000 tax an¬
April 6 for the purchase of $100,- ticipation notes offered on March
€00 building bonds. The issue was
28—v. 169, p. 1164—were awarded
the

FINANCIAL

disposal

sewage

CHRONICLE

Dated Jan.

1, 1949.

of

the

Series

retired

of

1948

called

or

have

been

for

redemption.
Thirty days' notice shall be given
in a paper circulated in the State

carries,

nicipal

as part of its regu¬
notices of sale of mu¬

bonds.

In

of regis¬

case

tered bonds, notice shall be mailed

the

to

shall

registered

be

an

election

Mar. 3

on

at 4%

interest,

!

$50,000

bonds

are

May

to

1, 1954.
The
interest at the

bear

1

address.

conditioned

Bids

the

on

un-

475.32,

amended,

as

to

provide tion held on March 7. Enclose a
obtaining certified or cashier's check, or
erecting,
completing
and bank draft for $750, payable to the
equipping county hospitals.
All District Treasurer.
funds

for

of

purpose

sites,
bids

must

and

without

be

without

conditions

qualifications.

"with
of

accrued

delivery.

interest to

the

The bonds to be paid

troit.

opinion
and the cost of printing the bonds
will be paid by the Village. En¬

and

close

delivery of bonds is desired at any
other place, it shall be at the ex¬

cost

of

such

certified

a

cashier's

or

as

„

Bond Offering — Williard G. ment bonds offered on March 28
$935,000 street paving bonds, se¬
ries I: $187,000 3s, due Aug. 1, Kane, Township Clerk, will re¬ —v. 169, p. 1384. The city intend¬
1949; $187,000 lVzS, due Aug. ceive sealed bids until 7:30 p.m. ed to purchase the bonds for the
1,1950, and $561,000 1Y4S, due (EST) on April 8 for the pur¬ Policemen's and Firemen's Retire¬
$187,000 on Aug. 1 from 1951 chase of $72,000 not to exceed 4% ment Systems, with the result that
to 1953 inclusive.
interest coupon special assessment no other bids were received.
5,700 sereis J sewer bonds:
Dated April 1, 1949. De¬
$1,- bonds.
Walled Lake Consolidated
900 1 Vzs, due Aug. 1, 1950, and nomination $1,000.
Interest A-O.
School District,. Mich.
Due $9,000 April 1, 1950 to 1957,
$3,800
1V4S, due $1,900 on
Bond Offering — The Secretary
and will be subject to prior re¬
Aug. 1, 1951 and 1952.
of the Board of Education will re¬
4.000 series K paving bonds: $1,~ demption at par and accrued in¬
ceive
sealed
bids
until
8
p.m.
000 IV2S, due Aug. 1, 1950, and terest, in direct numerical order,
(EST) on April 18 for the pur¬
$3,000
iy4s,
due $1,000
on on any interest payment date on
chase of $300,000 building Jbonds.
Aug. 1 from 1951 to 1953 in- 30 days' notice' in a publication
Due as follows: $35,000 Jronvl950
elusive,
printed '.ifnd
circulated \in
the to 1953
inclusive, and $40,000 from
12,000
series / L
alley
paving State which carries as a part of
1954 to 1957 inclusive.
The bonds
bonds:
$3,000 iy>s, due Aug. its regular service notices of sale
were authorized at an election in
1, 1950, and $9,000 1V4S, due of municipal bonds.
Rate of in¬
February.
on
Aug. 1 from 1951 to 1953 terest to be in multiples of Vi of
V inclusive.
1%.
Principal and interest pay¬
Ypsilanti, Mich.

the

ment to

delivery and pay¬
be made at County Treas¬
If

the

of

pense

bond

said

office.

urer's

forms

payment

for

purchaser.

will

be

Greenwood Municipal

or

Blank

furnished by

Bond Offering

City

gan,

able

April
Michigan
Corp., New York, and the Phila¬
delphia National Bank, in joint
account, were second high bidders,
offering a price of 102.199 for
$167,000 Is, $587,700 3s, and $191,1949.

000

First

The

iy4s.

pose

East

rate

sale of

an

will
are

in

1950

15,

to

1957 to

as

1956,

1962.

and

at

on

any

by

be

only.
Principal and
payable at the Spring

the

State

Bank, Spring Lake.
maturing in the years
1962, are redeemable at
the option of the District, in innumerical order, on any in-

terest payment date after Nov. 15,

1953, at
to

par

and accrued interest

the date fixed for redemption

premium for each bond
redeemed, as follows: $15.00
plus

each
on or

on

a

so

considered.

be

issued

These

bonds

pursuant to

the

of the

of Act. No. 47

resolution

the

of

Township
will not

bonds will be delivered to

purchaser

Bonds

will

without

be

expense.

delivered

at

the

American National Bank of Kala¬

to

verse

be
to

ecuted

Bonds

1958

j
!
j
j
1
1

or at such other place as
be agreed upon with the pur¬

mazoo,
may

250,000 school bonds.
Dated May
2, 1949. Due May 2, as follows:
$25,000 in 1950 to 1954, $50,000 in
1955 to 1964, $60,000 in 1965 to
1969, and $65,000 in 1970 to 1974,
Interest to be fixed at time of sale.

Place

of payment may

Atmore,

of Duluth, and
Colman, Barker, Scott &
Minneapolis. A copy
approving opinion will
of

Dorsey,
Barber,

of

such

be

fur¬

nished the successful bidder at the

of the county. The Board
County Commissioners reserves
the right to reject any and all
bids and to accept bids for all of
said issue, or any part thereof. En¬

nated

These

Enclose

cashier's check for

a

certified

or

$1,440, payable

to the Township Treasurer.
Paw

Paw, Mich.
Bond Offering—N. L. Adamson,
on
called for redemption' Village Clerk, will receive sealed
prior to Nov. 15, 1955; $10.00 ! bids until 8 p.m. (EST) on April

each bond called for redemp- 1 4 for the
purchase of $30,000 not
to
exceed
3%
interest coupon

tion after Nov 15, 1955, but on or

the bonds authorized at

are

the election held on March 8, En¬
close

a

than

2%

hot/less

cashier's check for

bonds

of the face value of the

bid

for.

,

,

expense

of

Quitman, Miss.
Bon d

Clerk

until

Offering

will

2

The

—

T6Wn

sealed

receive

bids

(CST) on April 26
close a certified check for 2% of
for the purchase of $100,000 street
the par value of the bonds, pay¬
improvement bonds.
able
to
the
County Treasurer.
These
V.

the bonds mentioned in

are

169,

p.

1385.

Wilkin County
No.

1

p.m.

MONTANA
Carbon

County Sch. .Dist. No«, 2
(P. O. Bridger), Mont.
>

(P.

O.

Indep. Sch. Dist.

,

Bond

Breckenridge),

1950

169,

1165— exceed 6% interest coupon school
Dated April 1,
Kirk, of building bonds.

p.

IV2S. Dated March 1,
on March 1 from
1959 inclusive.
Only one

to

as

due

bid

was

submitted for the issue.

MINNESOTA

1949.

Interest A-O.

$1,000.

Due

Denomination

April

1,

as

follows:

$10,000 in 1952 to 1962; $15,000 in
1963, and $10,000 in 1964 to 1968.
All bonds maturing in 1963 and
subsequent years will be subject

Amortization
frist

will

bonds

choice and

serial

be

the

bonds the

second choice of the School Board.

If

amortization

and

be

the

issued

into

put

bonds

entire

one

are

single

bond

divided-into several bonds
Board

sold

issue may
as

or

the

of Trustees may

determine
redemption and prepayment at upon at the time of sale, both
principal and interest to be pay¬
option of the District, at par
and accrued interest, on April 1, able in semi-annual installments
1962, and on any interest payment during a period of 10 years from
If serial bonds
date thereafter.
Split rate bids the date of issue.
permitted. Rate or rates to be in a are issued and sold they will be
multiple or multiples of 1/10 or lk in the amount of $1,250 each; the
of 1%. Approving legal opinion of sum of $1,250 will become pay¬
Dorsey, Colman, Barker, Scott & able on June 1, 1950, and a like
Barber, of Minneapolis, as well as amount on the same day each year
the executed bonds, will be fur¬ thereafter until all of such bonds
nished without cost to the success¬ are
paid.
The bonds, whether
to

Freeborn

County (P. O.
Albert Lea), Minn.
Bond Sale—The $200,000 fund¬

ing bonds offered March 25—v.
169, p. 1277—were awarded to the
First
National
Bank,
of Albert
Lea, and the Northwestern Na¬
tional Bank of Minneapolis, joint¬
ly,
a

as

1.20s, at a price of 100.1408,
of about 1.157%. Dated

basis

Jan. 1
Sec¬
ond high bid of 100.066 for IV4S
was made by Halsey, Stuart & Co.
Inc., Chicago.
Jan.

from

1,

1949

and

due

on

1950 to 1955 inclusive.

-

Granda,
Bonds
were

Offered

considered

Minn.
—

Sealed

April

1

bids

on

an

offering of $25,000 coupon water
Dated April 1, 1949.

works bonds.

Denomination $1,000. Due

April 1,
as
follows: $2,000 from 1951 to
1961 inclusive, and $3,000 in 1962.
Principal and interest payable at

the

ful bidder. In the opinion of coun¬
sel
these
bonds
are
valid
and

binding general obligations of the
District, in accordance with the
terms thereof, payable as to both
principal and interest from ad
valorem

levied

taxes

which

may

be

amortization

or serial, will be re¬
deemable in full within five years
after date of issue. The bonds will

be sold for not less than their par
value with accrued interest, and

all bidders must state the
rate of interest at which

all of the taxable
within
the
territorial
limits of the District, within the

purchase

property

Board

limits

and

upon

prescribed

bonds will

law.

by

The

be delivered within 30

days after the sale,

right

the

of

to

bonds

Trustees

reject

lowest

they will
par. The

at

reserves

all

and

any

the

bids

to

sell the bonds, at private
sale. Enclose a certified check for

thereafter $1,250, payable to the abovfe Clerk.
at the option of the purchaser.
bank
or
trust
company, desig¬
Hot Springs, Mont.,
fv'
nated by the successful bidder. Bids will be preferred according
Bond Offering — Nellie'
Hood,
to the lowest net interest cost, that
Legality approved by Faegre &
Town Clerk, will receive sealed
Benson, of Minneapolis. The bonds is, the total interest at the rate or
rates specified from date of issue bids until 7 p.m. (MST) on April
were authorized at an election on
12 for the purchase of $120,000
to maturity, less any premium of¬
March 8..
;v/'.
"".\j
fered. Enclose a cashier's check or Special Improvement District No.
St. Louis County (P. O.
Dated April 12, 1949.
bank draft for $3,500, payable to 5 bonds.
Denomination $1,000.
Duluth), Minn.
Due $6,000
the District Treasurer.
Bond Offering—W. H. Borgen,
on Jan.
1 from 1950 to 1969 in¬
Wright County Indep. Sch. Dist.
clusive.
The bonds will bear in¬
County Auditor, will receive seal¬
No. 34 (P. O. Delano), Minn.
ed bids until 1:30 p.m. (CST) on
terest at a rate not exceeding 6%
or

•

.

.

-

.

•

I,-.

.

chaser.

bond




March 21—v.

awarded to John B.

Ypsilanti,
1949, and

above

pledge the full faith and credit
of the Township. Bids shall be
conditioned upon the unqualified
opinion of Miller, Canfield, Padd ock & Stone, of Detroit, approv¬
ing the legality of the bonds,
which opinion will be furnished
without expense to the purchaser
prior to the delivery thereof. Ex¬

of interest to

shall

the

Board of Feb. 7, 1949 and

coupon

$10,000
$15,000 in

bond

on

anticipation of the collection of
special assessment upon the Westwood
Water District, confirmed

rate

one

interest
Lake

one

bid

in

be in multiples of Y4 of 1%.
The
interest .rate for each coupon pe¬
riod

their

bonds from

Public Acts for the State for 1941

follows:

Rate

whose

provisions

building bonds. Dated March 15,
1949. Denom. $1,000. Interest M-N.
Nov.

the

were

their

proposal for the purchase of less
than all of the bonds or at a price
less than 100% of their par value

(EST) on April
7 for the purchase of $160,000 not

Due

therein, the

fered

computation produces the lowest

p.m.

interest

be

interest cost to the Township. No

witzke, Secretary of the Board of
Education,
will
receive
sealed

4%

on

to

bidder

IFruitport Township, Fruitport
Rural Agricultural Sch. Dist.
No. 3 (P. O. Fruitport),
Michigan
Bond Offering — Bertha <■ La-

exceed

the

The bonds will be awarded to the

Postponed—Date of

169,
1164—has been changed from
April 4 to April 11.

to

will

on

Offering—Olga Campbell^
Minnesota
District Clerk, will receive sealed
bids until 8 p.m. (MST) on April
Bond Offering—Eugenie Kellogg,
District Clerk, will receive sealed 12 for the purchase of $12,500 not
bids until 3 p.m. (CST) on April 7 to exceed 6% interest improve¬
Bond Sale—The $26,319.20 spe¬
ment bonds.
Dated June 1, 1949.
cial assessment sewer bonds of¬ for the purchase of $175,000 not to

maturity, and de¬
ducting therefrom any premium.

issue of $112,000 water

8

bid

each

rates specified

or

date

p.

until

of

interest

and sewer revenue bonds—v.

bids

awarding the bonds
cost

total dollar value of all future due

Lansing, Mich.

Sale

National

American

the

computed by determining, at the

about 1.3587%.

Bond

of

interest

net interest cost of

a

or

at

Bank of Kalamazoo. For the pur¬

of

(CST)

a.m.

for the purchase of $1,-

5

.

All of the bonds are dated

receive

will

Clerk,

sealed bids until 10

April

Bonner Dugr

—

be desig¬
by the purchaser with ap¬
proval'? of council.
The District
same, if furnished by the success¬
will pay all expenses of printing
ful
bidder.
The legality of the
and approving the bonds.
Legal
bonds will be passed upon by Gil¬
opinion of Charles & Trauernicht,
lette, Nye, Montague, Sullivan &
of St. Louis,, will be furnished.
the county, at its own expense and
no allowance will be made for the

*

1.

Separate
Miss.

School District,

date

for within 10 days after notice that
the same are ready for delivery,

The

MISSISSIPPI

The

sale of said bonds may not be at a
sum below the par value
thereof,

qualifed opinion of Miller, Canfield, Paddock & Stone, of De¬

check for $1,500, payable to the
follows: $25,000
Village Clerk.
each
to
the
Gogebic National
Detroit, Mich.
and the National Metals
Bond Sale—The $956,700 special Bank,
Saginaw, Mich.
assessment bonds offered March Bank, both of Ironwood. Notes are
Bond Financing Deferred — No
20—v. 169, p. 1384—were awarded dated April 1, 1949, and mature action will be taken until after
to Salomon Bros. & Hutzler, of on Sept. 1, 1949.
the
April 4 municipal election
New York, at a price of 100.002, a
with
respect to awarding the
Kalamazoo Township, Westwood
net interest cost of about 1.3265%,
Water District (P. O.
$120,000 special assessment street
as follows:
improvement and sewer improve¬
Kalamazoo), Mich.

authorized at

and

rev¬

Monday, April 4, 1949

building bonds. Principal and in¬
terest payable at the State Bank
$1,000.
Interest lowest rate to be fixed by the bid- of Delano. Bids will be preferred
M-S.
Due Sept.
1, as follow!? ! der in multiples of 1/10 of 1%.
according to the amount of any
$1,000 in 1950 to 1959, and $2,000 Principal and interest payable at
premium offered. No- bid of less
in 1960 to 1969. Rate of interest the
County Treasurer's office, or than par and accrued interest will
to be in multiples of % of 1%. at the
Irving Trust Co., New York be considered. The purchaser will
Principal and interest payable at City, or at any other place select¬
provide the printed bonds and any
the John W. Free State Bank, of ed
by the purchaser. Interest pay¬ legal opinion desired. All bonds
Paw Paw. Bonds may be regis¬ able
semi-annually on the first shall be subject to redemption and
tered as to principal only. Bonds day of
July and January of each prepayment at the option of the
numbered 4 to 30, inclusive, are year,
excepting that the final in¬ District, at any time, at par and
callable at par and accrued in¬ terest
payment
on
the
$50,000 accrued interest, upon 30 days'
terest, in inverse numerical order, bonds due May 1, 1954, shall be notice
of
call
for
redemption
on
any interest date on ££ after paid on said date. The bonds are mailed to the bank at which
prin¬
Sept. 1, 1952. None of sucH bonds to be issued under authority of
cipal and interest are then pay¬
shall
be
called for redemption Chapter 133, Laws of Minnesota
able, and to the holder, if known,
until all bonds of like maturity for
1949,
subject to Minnesota of each bond so redeemed. These
of the $80,000 outstanding bonds Statutes for
1945, Sections 475.23- bonds were authorized at an elec¬
bonds.

enue

lar service

p.

Chesaning Union School District
Bond

Park, Mich.

Sale—The issue of

Note

water

&

Denomination

which

Hazel

& Co., of

Lansing, McDougal & Condon, of
Chicago, and Walter, Woody &
Helmerdinger, of Cincinnati.

No

but on or prior
No premium
shall be paid on bonds called for
redemption after Nov. 15, 1959.
Bids shall be 'conditioned upon

purchaser of the bonds prior to
the
delivery thereof, approving
the legality of the bonds.
The
purchaser
shall
furnish
bonds
ready for execution at his ex¬
pense.
Bonds will be delivered
at the Spring Lake State Bank,
Spring Lake, or such other place
as may be agreed upon with the
purchaser. Enclose a certified or

in¬

1,

on

for

unqualified opinion of Miller,
Canfield, Paddock & Stone, of
Detroit, which opinion will be
furnished without expense to the

1

inclusive.

maturing

are

1957; $5.00 on
redemption

15,

called

the

July

on

1976

are

those

1976

to

July 1 from

on

Due

1968

and

1960

Due

1967 inclusive.

to

680,000

Nov.

after Nov. 15, 1957,
to Nov.
15, 1959.

from 1951 to 1954 inclusive.

240,000 2y2s.

to

bond

each

July

on

prior

COMMERCIAL

.

Bond Offering—Florence Kruell, per annum from the date of
April 26 for the purchase of $850,regis¬
hospital bonds. Dated District Clerk, will receive sealed tration until called for redemption
May 1, 1949. Denomination $1,000. bids until 8 p.m. (CST) on April or paid in full, interest to be pay¬
Due $200,000 July 1, 1950 to 1953, 4 for the purchase of $37,800 2% i able
annually on January 1, of

000 county

&!»

l{i»
:

I'i1

THE: y COMMERCIAL

Number 4791

Volume 169

FINANCIAL

&

CHRONICLE

(1497)

and will be redeem- j April 11 for the purchase of $268,- ! Francis I. duPont & Co., of New'
option of the Town 000 not to exceed 6% interest i York, as 1.80s, at a price of 100.065, j
a basis of about 1.79%.
The bonds
at any time there are funds to the coupon or registered series No. 2,
credit of said District fund. The emergency housing bonds. Dated! are dated April 1, 1949, and ma-|
ture on April 1 from 1950 to 1961 j
bonds will be sold at not less than May 1, 1949. Denomination $1,000. j
Second
Interest M-S.
Due May 1, as fol¬ inclusive.
high
bid
of
the face value and including in¬
lows: $15,000 in l950 to 1962; $13.- j 100.307 for 2s was made by the
terest, and all bidders must state
each

year,

able

at

the

000 in 1963, and $10,000 in 1964 to
of interest at j
1969.
Bonds maturing in 1955 to |
will
purchase the j
bonds at par. :• Enclose a certified j 1969, will be subject to redemption
check for ■ $500, payable to the prior to their maturities, at the
option of the city in the inverse
Town Clerk.
order of their numbers on May 1,
•"
Additional Offering—The Town
1954, or any interest payment date j
Clerk will receive sealed bids at j
thereafter, on 30 days' notice and j
the same time for the purchase of

lowest

the

which

rate

they

other

on

$70,000 not to exceed 5% interest
bonds.

revenue

sewer

April 12, 1949. Amortiza¬
tion bonds will be the first choice
Dated

choice

and serial bonds the second

of the Town Council. If amortiza¬

tion bonds are sold and issued the

•entire issue may be put into

one

single bond or divided into sev¬
eral bonds, as the Council may de¬
termine: hpon at the time of sale,
both

principal and interest to be
payable in semiannual install¬
ments
during
a
period
of
20

years

serial

date of' issue. If

the

from
bonds

issued

are

and

sold

will be in the amount of
$1,000 each, except the last of each
;and every four bonds which will
be in the amount of $500; the sum
of $3,500 of said serial bonds will
become due and payable on April

they

12, 1950, and a like amount on the
aame
day each year thereafter
tmtil all of such bonds are paid.
The bonds, whether amortization
•or
serial, will- be redeemable at
the option of the Town, 5 years
trom the date of issue and on any

interest payment date thereafter;
The

bonds

will

be

sold

for

not

with

less than their par value

ac¬

crued interest to date of delivery
and

all

bidders

the

state

must

interest at which

lowest rate of

will purchase the bonds at
par.
Enclose a certified check for
$500, payable to the Town Clerk.

"they

NEBRASKA

V

Chadron, Neb.
Offering—Ruth Rice, City

Bond

and

said

conditions

bonds,

at

as

re-

a

j

demption price of 103% of par in
the case of bonds maturing in 1955, j
102 V2% of par in the case of bonds j

All of the bonds are dated May
Plains, at 0.745% interest. Dated,
March 30, 1949, and due on July 1, 1949. Second high bid of 100.38
15, 1949. The Chase National Bank for 3s was made by George B.
of New York, only other bidder, Gibbons & Co., Inc., New York.
named a rate of 1.25%, plus a pre¬
Ulica, N. Y.
mium of $11.
,
Note
Sale—The $1,600,000
tax
North Merrick Fire District (P. O.
anticipation notes offered March
Scarsdale National Bank & Trust
Merrick), Hempstead, N. Y.
30—v. 169, p. 1386—were awarded
Co., Scarsdale.
Bond Offering—Henry Rebers,
to
the
Chase National Bank
of
Y
-• VY7
District
Secretary, will receive New York, at 0.84% interest, plus
Half moon Water District No. 1
sealed bids until 11 a.m. (EST)
a premium of $30. Dated March
(P. O. Waterford, R. D. 1),
31,
on
April 6 for the purchase of 1949, and due Aug. 31, 1949. Sec¬
New York K
W"'
$40,000 not to exceed 5% interest ond high bid of 0.86% was made
Bond Offering—Ellis M. Faulk¬
or
registered
building by the Guaranty Trust Co., and
ner,
Jr., Town Supervisor, will coupon
bonds.
Dated April 1, 1949.
De¬ J. P Morgan & Co., Inc., both of
receive
sealed
bids
until
noon
nomination $1,000.
Due $4,000 on New York, jointly.
(EST) on April. 14 for the pur¬
April 1 from 1950 to 1959 inclu¬
chase of $24,000 not to exceed 5%
Ycrktown, Yorktown Heights
sive.
Bidder to name a single
interest coupon or registered wa¬
Water District (P. O. Yorkrate
of interest,
expressed in a
ter bonds of 1949. Dated April 1,
town Heights), N.
Y.
multiple of Va or 1/10 of 1%.

the

case

able

terest

,

Study Issued—The
212 South

Local Debt

Wachob-Bender Corp.,
17th

honor

will

Omaha,

Street,

requests for copies of the firm's
1048-1949 booklet which contains
bonded debt and related financial
data

municipalities,

various

on

Including drainage and irrigation
districts, in the State.
Oshkosh, Neb.
Bonds Sold—The First National

j

Bank

of

has

Lincoln

purchased

$63,471.81 bonds, as follows: $28,779.67 Paving District No. 1. in¬

tersection; $25,762.27 Paving Dis¬
trict No. 1; and $8,929.87
Sewer District No. 2.

Sanitary

Due

date of

of

Waterford.

are

stance from taxes to be levied on

A
for $480, payable

property in the Water District.

re¬

certified

check

city/ "Enclose a" certified or- cash¬
ier's
the

check

city,-

for
r

1953

from

$5,360, payable to

--

der

,

to

1963 inclusive. Bid¬

to

name

a

single rate of in¬

terest, expressed in a multiple of
Va or 1/10 of 1%.
Principal and
interest (A-O) payable at the of¬

Somerset.. County

(P. O.
Somemille), N. J.;
Offering — Chester Van
Tine. Clerk of the Board of Cho¬
Bond

fice

of the

Presiding

Supervisor,
Town* Hall; Hempstead. A certi¬
fied check for $1,700, payable to
order of the Town of Hempstead,

is required.

Legality approved by
Delafield & Wood, of
New York City. The bonds will be
bonds. Dated April 1, 1949; Inter¬ valid and legally binding general
est
A-O.
Denomination
$1,000. obligations of the Town payable
Due April 1, as follows: $17,000 in in the first instance from a levy
1950, and 1951; $18,000 in 1952; upon the property in the District,
$20,000 in 1953,, and $25,000 in but if not so paid, payable ulti¬
1954 to 1961. Principal and inter¬ mately
from ad valorem taxes
est payable at the Second National which may be levied on all the
Bank, Somerville. Each proposal taxable real property within the
must specify in a multiple of H or Town without limitation as to rate
1/20 of 1% a single rate of interest or amount.
which the bonds are to bear, and
no
proposal will be considered Hempstead Union Free Sch. Dist.
No. 13 (P. O. Valley Stream),
which specifies a rate higher than
the

lowest rate

Hawkins,

New York

A

stated in any le¬

$800,000 build¬
gally acceptable proposal.
Each
proposal must state the amount ing bonds offered on March 25—
bid for the bonds which shall not' v. 169, p. 1278—were awarded to
be less than $272,000, nor more | a group composed of C. J. Deder

will

be

Nashua, N. H.

j
j

vine

Merrick.

&

Co.,

A

sealed bids until 11 a.m.

for

check

certified

Roosevelt

&

Cross.

Francis I. duPont & Co., and

Til-

bidder,

named

€.81%.
•

••

;

■'■•••

1,

;■

•

'

-Av-r

,.V '

rate

a

of

,

offered

on

1385—were
ond

March

Bank

1949 and due Dec.
brook

&

169, p.
to the Sec¬

of

Co.,

bidder,

of

Boston, at

Dated March 28,

€.769% discount.

high

28—v.

awarded

National

23, 1949. EstaBoston, second

named

a

rate

of

€.817%.
;

Bond

t- :y-

.r,v

Strafford County (P. O.
;
;
Dover), N. H.
Note Sale—The $175,000 notes

pon

30—v.

169,

cou¬

bonds offered
p.

First
of
Michigan
Corp., Hornblower & Weeks and
B. J. Van Ingen & Co., Inc.

1385—were
Trust Co.,

Horseheads Common Sch. Dist.
No.

1.20s, at a price of
basis of about 1.175%.

of Auburn, as

100.131, a

Sale consisted of:

1.959 inclusive.

All of the bonds are

Bergen County (P. O.

Hackensack), N. J.
Offering — Sealed bids
will be received until April 13 for
$3,980,000 county

hospital bonds.

bonds

169,

offered

March

1385—were

p.

not to exceed

required. Legality ap¬
by Reed, Hoyt & Wash¬
burn, of New York City.

trict,

is

Oswego, N. Y,
Offering—John

City

build¬
28—v.

awarded

to

&

Due jointly,
1954 100.342,

Co., Inc., and Sher¬
Co., both of New York,

as
a

2.10s, at a price of
basis of about 2.07%.

Dated March
March

dated April

15

15> 1949 and due

from

1950

1979

to

on

in¬

Second high bid of 100.146 clusive. Second high bid of 100.204
was made by the First for 2.10s was made by R. D. White
National
Bank of Chicago, and & Co., and Wood, Struthers & Co.,
L. F. Rothschild & Co., jointly.
jointly.
1, 1949.

for

Was

Mamaroneck, N. Y.

Greenburgh Union Sch. Dist. No. 7

receive

will

sealed

(EST)

until

bids

3

and $2,000 in 1959. Bidder to name

single rate of interest, expressed
a multiple of Va or 1/10 of 1%.
Principal and interest (A-O) pay¬
able at the Westchester County
a

p.m.

in

April 12 for the pur¬
$117,000 not to exceed 4%

on

chase of

interest coupon or registered* gen¬
eral

Dated May 1, 1949.

National Bank, Peekskill. A certi¬
fied check for $580, payable to or¬

1949.

improvement bonds of

Denomination

der of the

Interest M-N. Due May 1,

$1,000.

gality

in

1952, $35,000 in 1953,
$5,000 in 1954.
Rate of in¬

and

to

be

N. J.

Offering—Alice

I.

/

Web¬

ster,
City
Clerk,
will receive
sealed bids until 8 p.m. (EST) on




(P. O. Hartsdale), N.
Sale—The $84,000

Bond

Note Sale—The $300,000 tax an¬

school ticipation notes offered

March
awarded

on

28—v. 169, p. 1385—were

bonds offered March 30
169, p. 1385—were awarded to to the County Trust Co., of White

building
—v.

Y.

approved

Sykes,

and

1951

Town, is required/Le¬

by Vandewater,
Heckler & Galloway, of
New York Ctiy. The bonds will be
valid and legally binding general
obligations of the town, payable in
the first instance from a levy upon
property in the District, but if not
paid therefrom, all the taxable
real property
within the Town
will be subject to the levy of ad
valorem taxes to pay said bonds
and interest thereon, without limi¬

follows: $27,000 in 1950,. $25,000

as

in

multiples of Vi
and must be the
same for all of the bonds. Prin¬
cipal and interest. payable at the
Oswego County National Bank,
Oswego. The bonds will be valid
and legally, binding general obli-:
gations of the City, all the taxable
real property within which will tation as to rate or amount;
be subj ect to the levy of ad val¬
orem. taxes to pay Said bonds and
NORTH CAROLINA Y
interest thereon without limita¬
Randleman, N. C.
tion as to rate or amount. The

terest
or

1/10 of 1 %,

Bond Offering — W.E. Easterdelivered on or
1949, at the office ling, Secertary of the Local Gov¬
ernment Commission, will receive
of Hawkins, Delafield & Wood, of
New York City, or at sUcfTother sealed bids at his office in Raleigh
place as may be agreed upon with until 11 a.m. (EST) on April 5 for
the
purchaser.
The
approving the purchase of $150,000 not to
opinion of Hawkins, Delafield & exceed 6% interest coupon water
Wood, of New York City, will be and sewer bonds. Dated April 1,

bonds

will

about

be

May 2,

furnished to the purchaser with¬
cost.

out

Enclose

cashier's check for
to the

a

certified

or

$2,340, payable

City.

PHtsford, Perrinton, Mendon,
Henrietta and Victor Central
Sch. Dist. No.

1

Pittsford), N.
Bond

bonds

(P. O.
Y.
school

Sale—The $130,000

March

offered

169,

25—v.

awarded to J. G.
White & Co., Inc., and Sherwood
1278—were

p.

Co., both of New York, jointly,
IV2S, at a price of 100.052, a
basis
of
about
1.492%.
Dated
&

April 1, 1949 and due on April 1
from

high bid of 100.269 for 1.60s
Pittsford branch

ond
was

Of

1962 inclusive. Sec¬

1950 to

made by the

the

Security

of

Co.

Trust

Denomination

1949. Interest A-O.

1, as follows:
$3,000 in 1951 to 1970, $6,000 in
1971, and $7,000 in 1972 to 1983.
Principal and interest payable in
New York City.
General obliga¬
tions; registerable As to principal
Only; unlimited tak; delivery at
place of purchaser's choice. Bid¬
ders are requested to name the in¬
terest rate or rates in multiples of
Va of 1%. Each bid may name one
rate for part of the bonds and an¬

Due

$1,000.

other rate

but

no

or

April

rates for the balance,

bid may name more than

four jrates

each bidder must

and

specify in his bid the amount of
bonds of each rate.

The bonds will

be awarded to the bidder offering
to

purchase the bonds at the low¬
interest cost to the City, such
cost to be determined by deduct¬
est

ing the total amount of the pre¬
mium
bid
from
the
aggregate
amount of interest upon all of the
bonds until their respective ma¬
No

turities.
and

accrued

than

par

interest will be

en¬

bid

of less

tertained. The

approving opinion
of Reed, Hoyt & Washburn of New
Bond Sale—The $120,000 school
York City, will be furnished the
bonds offered on March 24—v. 169,
purchaser;
Enclose a
certified
p. 1278 — were awarded to the
check for $3,000, payable to the

Y.

(P. O. Whitney Point), N.

First

Bank

National

Bing-

of

1.90s, at a price of 100.539, a basis of about 1.845%. Dated
March 15, 1949 and due on Sept.
15
from
1954 to 1968 inclusive.

,

State Treasurer.

as

Rocky Mount, N. C.

— The Guaranty
Trust Co. of New York has been
high bid of 100.34 for 1.90s
appointed paying agent for $500,was
made by J. G. White & Co.,
000 electric light and gas system
Inc., and Sherwood & Co., jointly* bonds.
.

Paying Agent

Second

.

.

Tlisten, Narrowsburg Water Distw
(P. O. Narrowsburg), N. Y.
Bond

Sale

—

March

offered

on

1278

were

—

The $39,440

30—v.

awarded

to

bonds

169,
C.

p.

E.

Weinig Co., of Buffalo, as 2.40s,, at
a price of 100.14, a basis of about
2.393%. Sale consisted of: '

'

East Orange,
Bond

1, 1949. Denomination
Due April 1, as follows:

$3,000 from 1950 to 1958 inclusive

Mc-

Chamberlain,

Grath,

D.

interest coupon

Dated April

$1,000.
•

Bond

5%

registered water bonds of 1949.

or

proved

hamton,

J. G. White &
wood

39,000 voting machine bonds.
on April 1 from 1950 to

(P. O. Horseheads,

(R. D. No. 2), N. Y.

ing

$285,000 street improvem't bonds.
Due on April 1 from 1950 to

5

Bond Sale—The $380,000

inclusive.

Bond

Hutzler,

awarded to the Auburn

NEW JERSEY

the purchase of

registered

or

March

&

Auburn, N. Y.
Sale—The $324,000

(EST) on

$800/ payable to order of the Dis¬ April 7 for the purchase of $29,000

opinion of Hawkins, Delafield & | ney & Co!, all of New York, as Rochester.
"
< Note Sale—The $200,000 notes Wood, of New York City, that the 2.30s, at a price of 100.219, a basis
j
offered March 29—v. 169, p. 1385
of about 2.282%. The bonds are Triangle, Lisley Barker, Chenango,
bonds are valid and legally bind-1
—were
awarded
to
the Nashua
Nanticokem
and
Maine
(Broome
ing obligations of the county. En¬ dated March 1, 1948 and mature
Trust Co., of Nashua, at 0.794%
Marathon and Willett
close a certified or cashier's check on March 1 from 1950 to 1978 in¬ County),
discount.
Dated March 29. 1949, for
Second
high
bid
of (Cortland County), and Greene
$5,440, payable to the county, clusive.
and due Dec. 1, 1949. The Second
100.738 for 2.40s was made by a and Smithville (Chenango County)
National Bank of Nashua, second
NEW YORK
Central School District No. 1
group composed of Salomon Bros.

Wgh

Offering—John H. Down¬

ing, Town Supervisor, will receive

as

Bond Sale—The

The successful bidfurnished with the

Bond

Principal and interest (A-O) pay¬
able at the First National Bank,

Town

demption. Principal and interest
to order of the Town, is required.
payable at the City Treasurer's
office. Each proposal must specify Legality to be approved by Vanin a multiple of Vs or 1/20 of 1% a dewater, Sykes, Heckler & Gallo¬
single rate of interest which the way, of New York City.
bonds are to bear, and no proposal
Hempstead, Baldwin Public
will be considered which specifies
Parking District (P. O.
a rate higher than the lowest rate
Hempstead), Ni Y. ,
stated in any legally acceptable
Bond Offering — Hamilton S.
proposal. Each proposal must state
Gaddis, Town Clerk, will receive
the amount
bid
for the- bonds
sealed bids util 10:30 a.m. (EST)
which shall, not be less than $268,on
April 5 for the purchase of
000, nor more than $269,000. The
$85,000 * not to exceed 4 %; .interest
successful bidder, will be furnished
coupon or registered public park¬
with the opinion of Hawkins, Del¬
ing bonds of 1949.
Dated April
afield & Wood, of. New York City,
1, 1949. Denomination $1,000. Due
that the bonds are Valid and le¬
April 1, as follows: $10,000 from
gally binding obligations' of the
1950 to 1952 inclusive, and $5,000

than $273,000.

NEW HAMPSHIRE

$1,000.

general obligations
of Half moon, al¬
though payable in the first in¬
the

of

par

accrued to the

Bank

the

at

The bonds

in the case of
bonds maturing in 1965 to 1969, in
all cases together with unpaid in¬
of

100%

sen Freeholders, will receive seal¬
Clerk, will receive sealed bids un¬
ed bids until 11 a.m.
(EST) on
til April 4 for the purchase of
April 14 for the, purchase of $272,$35,000 swimming pool bonds.
000 not to exceed 6% interest cou¬
Nebraska (State of )
pon
or
registered improvement

V

Denomination

1949.

of bonds

1962, 100 Vz % of par in the case of
bonds maturing in 1963 and 1964,
and

.

•

102% of par in j
maturing in 1957 $1,000 on April 1 from 1950 to
1973 inclusive. Bidder to name a
and 1958, 101 V2% of par in the;
case
of bonds maturing in 1959 single rate of interest, expressed
in a multiple of Va or 1/10 of 1%.
and 1960, 101 % of par in the case j
of bonds maturing in 1961
and j Principal and interest (A-0) pay¬
maturing in 1956,

t

.

;

:

-

•'

'

terms

provided in

57

$37,000 water, bonds. Due on
1 from 1950 to

May

1969 inclusive.

2,440 water bonds. Due on May
from 1950 to 1953 inclusive.

1

V

Yadkin County

(P. O.
Yadkinville), N. C.

Bond Offering

—

W. E. Easter-

ling, Secretary of the Local Gov¬
ernment Commission,

will receive

sealed bids at his office

in Raleigh

until 11 a.m. (EST) on

April 5 for

the

purchase of $130,000 not to ex¬

ceed 6% interest

series A coupon

school building bonds. Dated

April

58

(1498)

THE

1, 1949. Denomination $1,000. In¬
terest A-O.
Due April 1, as fol¬
lows: $10,000
in 1950, $4,000 in
1951 to
1960, $5,000 in 1961 to
1972, and $10,000 in 1973 and 1974.

Jefferson

est

for

and

another

the balance, but

bid may name more than four

no

rates, and each bidder must spe¬
cify in his bid the amount of bonds
of

each

rate.

be

for

bonds

turities.
ed

Each rate

bid

must

consecutive

of

ma¬

The bonds will be award¬

to the

bidder

offering to

assessment

inter¬

sanitary

000,

one for $539.52.
Due Sept. 1,
follows: $3,539.52 in 1950, $3,000

as

of
to

1%.

The

bonds

will

highest bidder at not
less than par and accrued interest.
Issued under the authority of the
laws of the State,
particularly the
Uniform Bond Act, and under and
in accordance with an ordinance
of the Village Council
adopted on

8,

1949.

The

proceedings
bonds have been

authorizing the

chase the bonds

at

lowest in¬

prepared under the supervision of

terest cost to the
to be determined

County, such cost
by deducting the

total

the

Bricker, Marburger, Evatt & Bar¬
ton, of Columbus, whose opinion
approving
the
validity of the

of

amount

the

premium bid
from the aggregate amount of in¬
terest upon all of the bonds un¬

bonds will be furnished to the

til their respective maturities.

close

bid

of

less

No

than

par and accrued
interest will be entertained. Each

bid must be
nished

on

bidder

above

without

certified

a

cost.

check

for

Enclose

600,

New

York City,
purchaser.
certified check for $2,-

a

payable

the

the

to

State

Treas¬

urer.

NORTH DAKOTA
i,

•'

.

;

Bond

ing

Sale—The

bonds

169,

$79,000 build¬

offered

March

29—v.

1386—were awarded to
Allison-Williams Co., of Minne¬
apolis, and Kalman & Co., of St.
Paul, jointly, as 2.20s, at a price
of 100.272, a basis of about 2.167%.
Dated April 1, 1949. Due on April
p.

1 from 1951 to 1963 inclusive. Sec-

and

high bid of 100.224 for 2V4S
made by the First National
Bank of Minneapolis.
was

Dist.

Township

Sch.

(P. O. Xenia, Route
No.

4),

Ohio

building and improvement bonds
awarded

on

1949.

March 23 to J. A.

White & Co., of Cincinnati.

sanitary

bonds.

Dated

and

April

Denomination

$1,000.
Oct. 1, as follows: $11,000 in
1950
to
1969,
and
$12,000
in
1970 to 1974.
Principal and in¬
terest payable at the office of the
of

Finance.

the

of

part

bonds

All

of

or

this

any

issue

maturing after April 1, 1960, shall
be subject to call or redemption
in inverse serial number sequence
on
Oct. 1, 1960, or any interest

paying

date

of

accrued

thereafter

prior to
their maturities, at the par value
and

bonds, such call

interest

on

said

redemption to
be made by determination of the
or

City Council by resolution adopt¬
prior to the call

ed at least 60 days

date fixed therein.

y

Dated

March

1, 1949. Interest payable
semi-annually. Denomination $1,000. Due Dec. 1, as follows: $9,000
1950 and 1951, $8,000 in 1952,

in

composed

Trust

of the Northern

Co.,

Chicago, McDonaldMoore
&
Co., of Detroit, and
Assell Kreimer & Co., of Cincin¬
nati, at 2V4S, at a price of 100.189,
basis

a

bonds

of

mature

about

2.23%.

dated April

are

ment

Offering

City

and

—

Clerk,

will

intersection

receive

Fund

No.

89, limited tax bonds. Dated May
1, 1949. Denomination $1,000. In¬
terest M-S.
Due $40,000 Sept. 1,
1950 to 1959. Bidders may bid for
a

different rate of interest in mul¬

April

on

from

1

1950

M-S.

Denomination $1,000.

1950 to

in 1969; $9,000 in 1970 to
1972, and
$8,000 in 1973. Rate of interest to

be in multiples of % of 1%. The
bonds will be sold to highest bid¬
der at not less than par and ac¬
crued interest.
Issued under the

Education

bonds

ized

and

the

gross

and accrued inter¬

est to date of delivery.
Split rate
bids will not be considered. All
bids must be in the form of blanks

which will be furnished upon ap¬

plication to the
bonds

may

be

City Clerk. The
registered as pro¬
The City will fur¬

vided by law.
nish
the
approving

Squire,

Sanders

&

1949.

adopted

These
at

the

are

on

March

21,

the bonds author¬

election

general

on

Nov. 2, 1948.

The proceedings au¬
thorizing the issuance of the bonds
have been prepared by
Bricker,

Marburger, Evatt & Barton of
Columbus, whose opinion approv¬
ing the validity of the bonds will
be furnished to the successful bid¬
der
without
charge.
Enclose a

opinion

of

certified check for $2,100, payable

Dempsey,

of

to the Board of Education.

Enclose
the

a

certified

amount

of

check

bonds

Montfort
for

bid

1%

for,

payable to the City Treasurer.




and

number

the

of

No conditional bids will

be received.

Issued under the

Heights Local Sch. Dist.
(P. O. Cincinnati 11), Ohio

Bond

Offering

—

Clerk of the Board

J.
of

J.

Frisch,

(In a previous report of the of¬
fering—v. 169, p. 1279—no men¬
tion

fied

au¬

to

of Peck,

check

the

for

successful

Enclose

1%

a

made

was

issue.) '

Shaffer
& Williams, of
Cincinnati, will be

of

amount

gross

2, 1949.
proving opinion

bonds

for, payable to the
Commissioner of the Treasury.

Township

March

of the amount of bonds of

each issue bid

adopted by the
Trustees on
The favorable ap¬

of

the request of the owner. En¬
a certified or cashier's check

for 1%

resolution

a

Board

Union

to

the

$70,000

'

.

County (P. O. Marysville),
Ohio

bid¬

Bond Sale—The

$60,064 hospital
building and equipment bonds of¬

certi¬

of the amount

thority of the laws of the State, of bonds bid for, payable to the fered March 23—v. 169, p. 1167—
were awarded to
particularly the Uniform Bond Board of Township Trustees.
Braun, Bosworth'
& Co., Inc. of
Act of the General Code, and pur¬
Toledo, as IV2S, at a
suant to a resolution of the Board
price of 100.33, a basis of about
Struthers, Ohio
,

Education

of

1948.

adopted

These

from

bonds

Dec.

on

unlimited taxes at the

for

$1,000 each.
Due Dec. 1,
follows: $1,000 in 1949 to
1957,
and $500 in 1958. Bidders
may bid

Bond

for

different

a

rate

of interest in

multiples of Vi of 1%.

Village

at

Ohio

Offering—Elmira

not

less

interest.
F.

Bond

The bonds

M-N.

Se-

All

bids must

state

$1,Due $4,000 May and Nov. 1,

1950

to

be in

1974.

Rate

of

interest

multiples of xk of 1%.

bonds

will

bidder

at

accrued

be

sold

to

not

less

than

interest.

the

''All

5, 1948.
taken

highest

bids

must

the gross amount of bid

accrued

the

of

interest to

Issued

ery.

the

laws

the

of

and

fied check for

City.

State

of

and

General Code

resolution of the Board of Edu¬

cation adopted on March 21, 1949.
These are the bonds authorized at

general

1948.

election

Nov.

on

2,

The Board of Education will

Bond

Offering

—

Sealed

the

to

Board of Education.

Township (P. O.
R. F. D., Ashtabula), Ohio
Offering—Harold

liams,

Township

ceive

sealed

(EST)
chase

Clerk,

bids

April

on

E.

~

Wil¬

will

until

re¬

8

p.m.

the

for

11

pur¬

of

$2,462.08 not to exceed
interest Elks Drive road im¬

6%

provement

bonds.

1949; Interest

$500,

Dated April 1,
Denomination

J-J.

for $462.08.

one

follows: $642.08
$500 in 1951 to 1954.
as

Due Dec. 1,

in

Payable
of

protection

bonds.

Dated

March 1,

1949. Interest J-D.
nomination $1,000.
Due Dec

$1,000

in

1950

De¬

1,

as

to

1953,
1955 to

1954, $1,000 in
1958, $2,000 in 1959, and $1,000 in
1960 to 1963.
Bidders may bid for
different rate of interest in mul¬

a

V4

of

1%.

1950,

the

Spring Valley National
Bank, Spring Valley.
No condi¬
tional bids will be received.
The
favorable
approving opinion of

Peck, Shaffer & Williams, of Cin¬
cinnati, will be furnished to the
successful

Enclose

to

Issued under the authority
3298-15 of the General
the

Township
Jan.

State,

resolution

a

3,

check

and

of

pursuant

the

Trustees

1949.
for

amount

payable

Enclose

Board

of

adopted
on
a
certified

the

of

of

the

to

cost.

check for

bonds

Board

bid

of

1%

for,

Town¬

ship Trustees.

amount

of

the

Bond

Offering

—

Ruby

Klein,

City Auditor, will receive sealed
noon (EST) on April 19
the purchase of $317,300 3%
coupon
improvement bonds, di¬

of

rate

$55,300 street bonds.

of

Due Nov. 1,
$11,300 in 1950,
$11,000 from 1951 to 1954

follows:

and

as

Township Clerk, will receive seal¬
ed bids until noon (EST) on April
21 for the purchase of $20,000 3%
fire protection bonds. Dated April

15, 1949. Interest A-O. Denomina¬
$1,000. Due Oct. 15, as fol¬
lows: $1,000 in 1950, $2,000 in 1951,
$1,000 in 1952, $2,000 in 1953, $1,1954, $2,000 in 1955, $1,000
in 1956, $2,000 in /1957,
$1,000 in
1958, $2,000 in 1959, $1,000 in 1960,
and $2,000 in 1961 and 1962. Bid¬
ders may bid for a different rate
of

interest

in

multiples

of

xk

1958

$16,000 from 1950
inclusive, and $18,000

in 1959.

30,000

bonds.

sewer

r from

Nov.

on

Due
1950

$6,000

to

1954

vote

shall

137

of

submit

in cash

2%

70,000 sidewalk bonds.
000

on

Nov.

City.

different

of bonds

of

& Trust

Bidders

rate

each

of

may

Co., New
bid for a

interest

issue

in

for

the

multiples

1%. The bonds will be sold to the

of 14 of 1%.

than

dent to the proper authorization of

the par value thereof and accrued

the bonds will be taken under the
direction of a bond attorney whose

interest.

bidder
All

number of
gross

bids

not

must

bonds bid

amount

Education, interest

for

of

bid

to date of

less

state 'the

for
and

and

the

accrued

delivery. These

All proceedings inci¬

opinion as to legality of the bonds
may be procured by the purchaser
at

his

own

expense.

The

bonds

agreeing

to

on

to

1.

March 22, by
Each bidder

his

bid

a

sum

Perry, Okla.
Sold—An issue of $200,hospital bonds has been sold

000

First

to

National

Co. of Oklahoma

Offering

Bank

&

Trust

City.

Shawnee School
Bond

District, Okla

George K.
Hunter, Clerk of the Board of
Education,
will
receive
sealed
—

bids
until
7:30
p.m.
(CST) on
April 4 for the purchase of $160,000 building bonds.
Due $20,000
1952

awarded

to

1959.
to

The
the

bonds

bidder

will

offer¬

ing the lowest rate of interest and
agreeing to pay par and accrued
These
at

the

bonds

were

election

held

au¬

on

March 15, by a vote of 1,663 to 122.
Each bidder shall submit with his
bid a sum in cash or its

equiva¬

lent to 2% of the amount bid.

Wayne, Okla.
Bond

Town

Offering—Blanche Woods,.
Clerk, will receive sealed

.

bids

until

7:30

(CST)

p.m.,

on

April 5 for the purchase of $14,000 water system bonds. The is¬
sue

was

authorized at

March

an

election

16.

OREGON
Clackamus
No: 80

1949.

Chemical Bank

and

with

County School District
(P. O. Oregon City),
Oregon

for

York

sold

its equivalent equal to

or

Due $35,-

Interest M-N. One bond
$300,-others $1,000 each,. Prin¬
cipal and interest payable at the
1,

be

of the amount of the bid.

1, 1950 and 1951.

All of the bonds are dated May

will

Bonds

on

inclusive.

tion

000 in

follows:

to

Offering—L. C. Hartsock,

Due Nov. 1,

1:30

1954, and $9,000

bonds

the election held
a

inclusive.

162,000 street bonds.

Spring Valley Township (P. O.
Spring Valley), Ohio

Education,

offering the lowest

interest

thorized

follows:

of

bids until

par
and
accrued
interest.
These bonds were authorized at

interest.

as

Due

inclusive.

pay

bids until

bonds.

Bond

Board

bidder

for

vided

bonds.

1964

(CST) on April 7 for the
purchase of $30,000 building, re¬
pair and equipment bonds. Due

be

Ohio

Due

p.m.

in

Toledo,

as

1%

without

and

multiples of }k of 1%.
at the County Auditor's

of

the

of

bidder
certified

a

•

bonds.

truck

1953 to

receive sealed

These bonds

at

and

from

Osage County Indep. Sch. Dist.
No. 11 (P. O. Shidler), Okla.
Bond Offering—A. J.
Wildman,

payable from unlimited taxes

Rate of inter¬

Section

Code

from

the

est to be in

office.

6,000 sanitary

to

tiples of

Saybrook

inclusive,

1952 to

ifire

Due

shed

The

$2,000 in

payable

1965

1955.

noon

of

1953 to 1965 inclusive.

$7,000 in

follows:

$2,000,

to

from

in

by the Township
(EST) on April
21 for the purchase of
$16,000 3%

for the printing of the bonds,

for

1953

bonds.

Clerk until

purchaser to

for opinion
as to legality and expense of ship¬
ping the bonds. Enclose a certified

maintenance

will be received

pay

pay

bids

street

6,500 machine

of

O. "

Bank

consisted

Due from 1953 to 1968

equipment

Clerk

the

check

13,000

$100, payable to the

Township (P.
Bellbrook), Ohio

Sale

inclusive.

•

Sugarcreek

of the State,

and under and in accordance with

the

bonds.

will
'

National

jointly.

$49,000 recreation center and park

authority

Sections 2293-2 and 2293-19 to 23.
of the

supervision

bonds

169, p. 1386
First Se¬

the

of:

bonds have been

the

First

Hobart,

ion may be obtained at the
pur¬
chaser's expense. Enclose a certi¬

date of deliv¬

under

the

and

Squire, Sanders & Dempsey, of
Cleveland, whose approving opin¬

and

state the number of bonds bid for

and

under

to

curities Co. of Kansas, of Wichita,

the

bid for and the

The proceedings for the

issuance of said

The

par

awarded

dinance No. 2765 adopted on
May

to

$74,500

March 29—v.

—were

the highest bidder
than par and accrued

number of bonds

Denomination

000.

and
from

1

Second

Okla.

Sale—The

offered

wall, Clerk of the Board of Edu¬ gross amount of bid and accrued
cation, will receive sealed bids interest to date of
delivery. The
until noon (EST) on April 18 for
bonds are issued under the author¬
the purchase of $200,000 not to ex¬
ity of the laws of the State and
ceed
4%
interest
building and of the Uniform Bond Act, and
library bonds. Dated May 1, 1949. under and in accordance with Or¬
Interest

1949

Oct.

OKLAHOMA

Hobart,

will be sold to

Exempted

1,

and

inclusive.

the

as

of the bonds bid for, pay¬
of Education.
Falls

1954

others

certified check

or

to

Feb.

1

street

the successful bidder without cost.

bond

1950

Dated

April

on

noon
(EST) on April 9'
purchase of $9,500 4% high bid of 100.333 for IV2S was
made by Hayden, Miller & Co. of
improvement bonds. Dated
Cleveland.
June 1, 1948. One bond for
$500,

Co., of Cincinnati, Che¬
The approving opinion
of Peck, Shaffer & Williams, of
Cincinnati, will be furnished to
viot office.

a

due

bids until

Cen¬

tral Trust

for 1%

1.386%.

Bond Offering—John F.
Pearce,
City Auditor, will receive sealed

8,

payable

are

highest

Cleveland, and the printed bonds.
of

for

Bond

in 1954 to

less than par and accrued interest.
All bids must state the number of
for

with

furnished

to

Principal and authority of the laws of the State,
interest payable at the Qity Treas¬
particularly the Uniform Bond
urer's office.. The bonds will be
Act, and under and in accordance
sold to the highest bidder for not with a resolution of the
Board of

bid

bidder for

der without cost.

tiples of 44 of 1%.

amount of bid

the

state

Is¬

are

Due

Agnes Brown

the highest

be received.

under, the authority of the
general laws of the State and the
Uniform Bond Act of the General
Code and under and in accordance

The bonds will

The

Sept. 1, as follows: $9,000 in
1952, $8,000 in 1953, $9,000
1956, $8,000 in 1957, $9,~
sealed bids until noon (EST) on 000 in 1958 to
1960, $8,000 in 1961,
April 8 for the purchase of $400,- $9,000 in 1962 to 1964, $8,000 in
000 2%
coupon
street improve¬ 1965, $9,000 in 1966 to 1968, $8,000
Bond

to

close

bids will

bid and accrued interest to date of

inclusive.

1972

terest

Cain,

bid

1, 1949 and

$9,000 in 1953 and 1954, $8,000 in
1955, $9,000 in 1956 and 1957, $8,- Mechanicsburg Exempted Village
School District, Ohio
000 in 1958, $9,000 in 1959 and
Bond
1960, $8,000 in 1961, $9,000 in 1962
Offering — John
J.
and 1963, $8,000 in 1964, $9,000 in Michael, Clerk of the Board of
1965 and 1966, $8,000 in 1967, $9,- Education, will receive sealed bids
000 in 1968 and
1969, $8,000 in until noon (EST) on April 14 for
1970, and $9,000 in 1971 and 1972. the purchase of $210,000 not to
Legality approved by Peck, Shaf¬ exceed
3V2%
interest' building
fer & Williams, of Cincinnati.
bonds.
Dated March 1, 1949. In¬

Columbus, Ohio

tional

may be exchanged for bonds reg¬
istered as to principal and interest

sued

not less than the par value thereof
and
accrued
interest.
All
bids

a

Bond Sale—The $650,000 build¬
ing bonds offered March 29—v.
169, p. 1167—were awarded to a
group

Bond Sale—An issue of $200,000
was

1,

$280,000

sewer

Lockland City Sch. Dist., Ohio

Local

sold

at

Valley. No condi¬

interest in mul¬

School District,

Due

/yV'V

OHIO
Beavercreeh

storm

Director

_

Wahpeton Sch. Dist., N. Dak.

of

of 1%.

Newton

purchase

of

furnished

be

City Treasury

&

be

rate

Monday, April 4, 1949

bonds are payable from unlimited
taxes at the Spring Valley Nation¬
al Bank, Spring

$2,000 Oct. 15, 1950
Bidders may bid for a

tiples of

Lakewood, Ohio
Bonds Sold—The

Secretary.

Investment Account has agreed to

Pershing,

until

$350, able to the Board

The approving opinion of Mitchell
will

bids

Due

1974.

Enclose

En¬

sealed

CHRONICLE

payable to the Village.

form to be fur¬

a

the

by

cessful

suc¬

FINANCIAL

delivery.

be

the

to

must

in 1951 to 1958, and $4,000 in 1959.
Rate of interest to be in
multiples

March

pur¬

3xk%

bonds. Dated March 1, 1949.
M-S.
Denomination $1,-

of

maturities),

exceed

Interest

sold

rates

to

special

sewer

earliest
or

receive

different

not

&

8 p. m. (EST) on April 13 for the
purchase of $50,000 3% building
bonds. Dated April 15, 1949. imti-

B.

est A-O.

multiples of % of
Each bid may name one rate
for part of the bonds
(having the
rate

Harold

—

539.52

City. General obliga¬
tions; unlimited tax; registerable
as to principal
only; delivery on
or about
April 27, 1949, at place
of purchaser's choice. Bidders are
requested to
name
the interest
1%.

Offering

Rader, Village Clerk, will receive
sealed bids until noon (EST) on
April 5 for the purchase of $31,-

York

rate or rates in

(P. O. West Jefferson),

will

Ohio
Bond

Principal and interest payable in
New

COMMERCIAL

!

Bond

nett,

Offering—Dorris G. Ben¬
District Clerk, will receive

sealed bids until noon
(PST) on
April 4 for the purchase of $26,400
not to exceed 6% interest school

bonds.
terest

Dated
M-S.

March

Due

1,

1949.

In¬

March

1, as fol¬
$2,400 jn 1950, and $3,000 in
1951 to 1958. Principal and inter¬
est payable at the
County Treas¬
lows:

urer's

office, or
at
the
fiscal
the State in New York

agency of

-City,

at

chaser.

,

1 ized at

THE

Number 4791

Volume 169

the option of the purThese bonds were author-

of

election held on Aug.19,

as

an

194$. The approving legal opinion
Of John W. Shuler, of Portland,
will be furnished the successful

:

Enclose

bidder.

'

School District No. 52

(P. O. 1000 Bethel Drive,
Eugene), Ore.
Bond Offering—Edythe Wolfe,
•

<

purchase of $165,000
school bonds. Dated May 15, 1949.
Denomination $1,000.
Due Nov.
the

for

."15,

$10,000

follows:

as

price of par, a
about 2.31%,

of

follows:

;

$86,000 234s. Due
1950 to

1954

90,000 214s.

Due

April 1 from

on

April 1 from

on

tional

FINANCIAL

of

Bank

CHRONICLE

Providence,

Due Nov. 3, 1949.
The Industrial Trust Co. of Provi¬

dence, second high bidder, named
notes

dated

are

1949 and mature

April 5,
Nov. 3, 1949.

April
1, 1949. Second high bid of 100.29
for 2V2S was made by Blyth & Co.,
Incorporated.

on

in

Paying Agent
PENNSYLVANIA

1951
All

Trust Co.

Clifford

F.

Frey, District Secretary, will

re¬

ceive

Offering

sealed

(EST)

until

bids

April

on

—

11

8

The Guaranty

appointed paying agent for $100,-

Bethlehem School District, Pa.
Bond

—

000

2%%

water

and

sewer

rev?

bonds.

enue

p.m.

Columbia, S. C.

for the pur¬

3954, shall be callable at par on
any interest payment date after
Nov. 15, 1954, by 30 days' notice
published in a County newspaper,

multiples of 34

numerical

;
•-

-

;
•

•

able

order

beginning with
Principal and interest

165.

No.
1

15,

payable at the County Treasurer's
office, or at the fiscal agency of
the State in New York City, at
the option of the purchaser. Bidders are requested to include the
rate of interest at which they will

•

-

;
•

chase of $355,000 coupon
and improvement bonds.

of 1%. Registerprincipal only.
Bids

to

as

will be received for the entire is¬
sue

at

but

no

ent

rates

rate of interest
bid combining two differ¬
one

any

Of

will

interest

be

ac¬

cepted.
These bonds' are issued
subject to the favorable opinion
of Townsend, Elliott & Munson of

April 1 from 1950
Second
high
100.229 for $28,000 4s and
iy2s, or a net cost of about
was
made by the Trust
Georgia, of Atlanta.

accept the bonds at par or premium.

Bids

tional.

be

The District

to

are

uncondi-

'

•

fight to reject

!

any

the

reserves

and all bids,

and to also waive any and all in?

'■

formalities in the bids.

Enclose

a

'

certified check for $3,300.

fairs of the Commonwealth.

Lane County School District No. 76

.

(P. O. Oakridge), Ore.
Bond Offering—Claude R. Jones,

<■

District Clerk, will receive sealed

1 bids until 8

(PST)

p.m.

on

April 4

for the purchase of $85,000 not to
exceed 6% interest coupon bonds,

-

.

follows:

divided

as

$60,000

.

building

'

Due

bonds.

;

J

:

.

and

equipment

$6,000

Feb. 1

on

from 1951 to 1960 inclusive. A

*

check

certified

-;

for

$1,200

is

'

required.
-.

and equipment
$2,500 on Feb. 1

building

25,000

bonds.

Due

from 1951 to 1960 inclusive.

A

certified cheek for $500 is re¬

quired.
All of the bonds are dated

April

I, 1949. Interest F-A. Denomina¬
$5Q0. Principal and interest

tion

payable at the County Treasurer's
or at the fiscal agency of
the State in New York City, at the

.

office,
.

option of the purchaser. The bonds
are to be issued under the provi¬

•

sions of Sections 111-17002 to 111Ore.

1708

tated.
the

Laws Anno¬

Compiled

be de¬
the pur¬
chaser only if and after the pro¬
ceedings authorizing the issuance
thereof have been approved by
the Department of Internal Af¬
livered free of charge to

The School Board reserves

right if the bids are not satis¬

factory to reject all bids and to re-

close

certified,

a

treasurer's

check

Clachamus

District No.

Counties

142 CJ

or

the

Lansdowne

School

Pa.
Margaret S.
S.
Chafee,
Secretary
of
the
Board of School Directors, will
Bond

Offering

receive

sealed

District,

—

bids

until

8

p.m.

Wil-

(PST)

on

April 11 for the purchase of $50,000 not to exceed 6 %
interest
school bonds; Dated May 1, 1949.
Denomination $1,000.
Interest
M-N. Due May 1, as follows: $3,000 in 1950 to 1965, and $2,000 in
11966. The bonds maturing on and
after May 1, 1955, will be subject
to call and redemption in numerical order at the option of the District at par value and accrued in¬

;
,

.

,

.

•

•

,

on

said

interest

date

or

upon

any

paying date thereafter.
^ Principal and interest payable at
the office of the County Treas¬
urer, or at the fiscal agency of the
State in New York City, at the
option of the purchaser. The approving legal opinion of Winfree,
McCulloch, Shuler & Sayre of
Portland, will be furnished the
.

'

'

successful bidder.

The bonds will

be sold to the

highest bidder for
not less than par value and ac¬

crued interest.
check
'

Enclose

a

certified

for

$1,000, payable to the
County Treasurer.
Marion County Union High
Sch. Dist. No. 3 (P. O.
Saint

;
•

Paul), Ore.

Bond Sale—The $176,000 build¬
ing bonds offered March 28 —
v.
169, p. 1279—were awarded to

[ the United States National Bank
.
.

*

t

;

'




Sale—An issue of $21,000

1949

natural

gas

system

Secretary, will receive
until May 2 for the

revenue

1, 1949.

Denomination

The

bonds

one

will

be

awarded at not less than par and
accrued interest to the responsible

bidder

whose

lowest

interest

bonds.

Premiums, if any, will be taken
into
consideration
in computing
interest cost only if necessary to
determine which of two .identical
bids results in the lowest interest

.

'vr, ■/.'

Swoyerville School District, Pa.
Bond Sale—The $40,000 general
obligation bonds offered March 25
-r-v.
169, p. 1280—were awarded
to Walter, Woody &Heimerdinger,

S

of

Cincinnati,

Of

100.71, a basis of about 3.387%.
April 1, 1949 and due on

as

334 s, at

a

price

purchased

cost.

bid

results

cost

to

the

in

the

city.

All of said bonds numbered

from 89 to

660, inclusive, shall be

callable

inverse

in

1950 to

bonds

by

1974 inclusive.

as

234s.

Due

on

May 1

from 1950 to 1974 inclusive;
All of the bonds

1,

All

date

notice

on

at

bonds

are

and Ellis &

inverse numerical

any

30

on

said

of

in

numerical

Co., of Cincinnati.

Second high bid of par for $1,-

interest paying 260,000 23/4s and $2,200,000 2Mjs,
days' published or a net interest cost of about

the

following per¬ 2.583%, was made by a syndicate
plus accrued including, among others, Phelps,
on or
Fenn & Co., Inc., Eastman, Dillon
between Aug. 1, 1957 and Feb. &
Co., F. L. Rothschild & Co.,
1, 1963; at 102 if called on or Paine, Webber, Jackson & Curtis,
between Aug. 1,1963 and Feb.
Bacon, Stevension & Co., and R.
1, 1968; and at 101 if called on S. Dickson & Co.
or after Aug. 1, 1968.
centages of

par

interest: At 103 if called

Jones

1, 1949.

Denomina¬

outstanding,

now

including

Bonds

Texas

>

■'

—

The

Columbian

the

fol¬

3% school house bonds.
April 1, as follows: $12,000 in 1961; $8,000 from 1962
to
1964 inclusive;
$9,000 in
1965; $20,000 in 1966, and $17,-

$82,000

Due

000 in
1965

this

County (P.O. San Antonio),

Bonds

Sold

Antonio, has purchased
lowing $130,000 bonds:

Francis, of Houston.

Bexar

Counties,

Securities Corp. of Texas, of San

issue,
is $594,000. Legality ap¬
proved by Vinson, Elkins, Weems
&

Haskell

and

County-Line Indep. Sch. Dist.
(P. O, Stamford), Texas

tion $1,000. Principal and interest

•

Dated May

M-N.

maturity.

bids

from

250,000 park and recreation

building bonds was sold on March payable at the City National Bank,
25 to the Peoples State Bank of Houston. These bonds are special
Summit.
s
obligations of the City, secured by
and payable exclusively from the
net revenues of the City's Water
TENNESSEE
Works and Sewer System after
Springfield, Tenn.
deducting costs of operation and
Bond Offering—D. F. Shannon, maintenance.
This instalment is
City Clerk, will ^ receive sealed part of the $700,000 issue author¬
bids until 2 p.m. (CST)on April 18 ized at an election held on July 12,
for the purchase of $660,000 not to 1947 by a majority of more than
exceed
434%
interest series of 13 to 1. The total amount of bonds

any

Borough

The following

of
1949
water
system revenue

been

Dated Feb.

Inter¬
$1,000.
Due May 1, as follows: $6,000 in
1952; $7,000 in 1953 and 1954; $8,to 1979 inclusive. Bidder to name 000 in
1955; $12,000 in 1956; $13,a
single
rate
of interest,
ex¬
000 in 1957; $16,000 in 1958; $19,pressed in a multiple of 34 of 1%. 00(M in
1959;
$20,000
in ..I960;
Registerable as to principal only. $24,000 in 1961; $25,000 in 1962;
A certified check for 2% of the
$26,000 in 1963; $28,000 in 1964;
bonds is required. Legality ap¬ $29,000 in
1965; $31,000 in 1966;
proved by Townsend, Elliott & $32,000 in 1967; $33,000 in 1968;
Munson, of Philadelphia.
$35,000 in 1969; $36,000 in 1970;
$38,000 in 1971; $39,000 in 1972;
Marple Township (P. O.
$41,000 in 1973; $43,000 in 1974;
\ ;
Broomall), Pa.
$45,000 in 1975, and $47,000 in
Bond Offering—Eugene S. Bar¬
1976.
Bidders
are
requested to
clay, Secretary of the Board of name a rate or rates of interest in
Supervisors, will receive sealed
multiples of 34 of 1%. Not more
bids until 8 p.m. (EST) on April 11
than three rates of interest should
for the purchase of $100,000 sewer
be specified and there shall be no
system bonds.
more
than one rate for
Richard Pile,

order

South Dakota

est

,

terest

Bond

bonds.

—

1978.

callable

Independent Sch. Dist.,

and

sealed

will receive

Clerk,

District

sealed bids until 8 p.m.

Summit

(EST) on May 6 for the pur¬
chase of $300,000 coupon building

improvement bonds. Dated
June 1,1949. Denomination $1,000.
Due $10,000 on June 1 from 1950

—

sewer

have

clusive.

100,000 public
library
system
bonds as 234 s.
Due on May 1

Texas

are dated May
1949. Associated with the Na¬
tional City Bank of New York in
$16,000 2%% bonds. Due $2,000 on making the bid were: Robert WinAug. 1 from 1950 to 1957 in¬ throp & Co. and F. S. Smithers
clusive.
& Co., both of New York; Provi¬
84,000 33£% bonds. Due Aug. 1, dent Savings Bank & Trust Co.,
as follows: $2,000 in 1958, $3;Cincinnati; First Southwest Co.,
000 in 1959, $2,000 in 1960, $3,- Dallas; Fahey, Clark &
Co., Cleve¬
000 in 1961 to 1971, $4,000 in land; Westheimer &
Co., Cincin¬
1972 to 1977, and $20,000 in
nati; Fridley & Hess, of Houston,

bid of
$96,000
1.617%,
Co, of

purchase of $48,000 improvement

O. Monitor), Ore.

Bond Offering—Mae Belle

Jig,

of

Somerset, Pa.

and

(P.

2%

the District Treasurer.

Bond Offering

School

cashier's

for

value of the bonds, payable to

par

advertise.
Marion

En¬

.

Moroney, Beissner & Co., and McClung & Knickerbocker, both of
Houston, in j oint account:

SOUTH DAKOTA

which will

Philadelphia,

and

bonds

to 1958

on

inclusive.

'

1

works

price of 100.025, a basis of about
1.615%. Dated April 1, 1949 and
due

Sold

as

from

1

210,000 major street and highway bonds as 234 s.
Due on
May 1 from 1950 to 1979 in¬

has

Dewar, Rob¬
Pancoast, of San Antonib.

series

May

on

*1950 to .1974 inclusive.
$550,-

bonds

sewer

purchased by

ertson &

bonds

sewer

Due

59

....

said bonds to be called in inverse

-

been

and

Bonds

of New York has been

2y2s.

Sold-*—An issue of

water

$100,000

Chester, S. C.

Bond Sale—The $124,000 assess¬
funding
ment bonds offered March 31—v.
Dated
May 1, 1949. Denomination $1,000.- 169, p. 1387—were awarded to the
Due May 1, as follows: $11,000 in Robinson-Humphrey Co., of At¬
1950 to 1954, and $12,000 in 1955 lanta, and G, H. Crawford & Co.,
of Columbia, jointly, as l%s, at a
to 1979. Rate of interest to be in

1966, and $5,000 in 1967.
bonds
maturing after Nov.

to

•

Bonds

Bellaire,
SOUTH CAROLINA

350,000 storm

Alice, Texas
000

rate of 0.85%.

;The

(1499)
TEXAS

at

0.81% discount.

a

inclusive.

1955 to 1959 inclusive.

District Clerk, will receive sealed
bids until 8 p.m. (PST) on April
12

a

cost

&

All of the bonds are dated

Lane County

.

interest

certified check

a

for $1,000,

.

Portland, at

net

COMMERCIAL

,

1967.

to

due from

Bonds

1967

optional, in
inverse
order, on or after
April 1, 1964, at par and ac¬
are

crued interest.

48,000 234% school house bonds.
Due April 1, as follows: $1,000
from 1950 to 1957 inclusive;
$12,000 in 1958, and $14,000 in
1959 and 1960.

Sold—An

issue of $60,000 334% and 334% series of 1949

The

bonds

are

dated

April

1,

bridge refunding bonds

1949. Interest A-O.' Denomination

has been sold to the Van H. How¬
ard

$1,000. Principal and interest pay¬
able at the Dallas National Bank,

March

Dallas.

and

road

Co., of San Antonio. Dated
1, 1949. Legality approved
by Dumas, Huguenin & Boothman, of Dallas.

at

an

These

bonds,

election held

on

authorized
March 19,

opinion of counsel
constitute direct obligations of the
Brooks County (P. O.
-District payable from ad valorem
Falfurias), Texas
taxes levied
against all taxable
Bonds Offered
Sealed bids property therein as provided by
were considered April 1 on an of¬
law.
Legality approved by Mc¬
fering of $54,000 series of 1949, not Call, Parkhurst & Crowe, of Dal¬
las.
to
exceed
3%
interest airport
bonds. Dated April 15, 1949. De¬
Midland County (P. O.
nomination $1,000. Due April 15,
Midland), Texas
as
follows:
$4,000 from 1950 to
Bond Offering — Clifford C.
1955
inclusive, and $5,000 from
Keith, County Judge,.will receive
1956 to 1961 inclusive. Principal
sealed bids until 2 p.m. (CST) on
and interest (A-O) payable at the
April 5 for the purchase of $150,State Treasurer's office. Legality
000
road
improvement
bonds.
approved by the State Attorney
Dated April 15, 1949.
Due in 10
General, and by McCall, Parkyears. The bonds were authorized
hurst &
Crowe, of Dallas. The at an election
1949,

in

the

—

bonds
tion

were

on

authorized at

on

an

elec¬

March 26.

Pearland

Feb. 26.

Indep. Sch. Dist., Texas
Bond Sale—The $155,000 series

or¬

Houston, Texas
A of 1949 school bonds offered on
30 days' published no¬
tice on May 1,1959, and thereafter
Bond Sale — A syndicate March 29—v. 169, p. 1168—were
April 1 from 1951 to 1965 in¬ at par and accrued interest plus a headed by the National City Bank awarded to Rotan, Mosle & Moreclusive.
premium of $40 less $2.50 for each of New York was awarded the land of Houston. ■« Dated April 1,
year or fraction thereof from May $3,460,000
bonds offered on 1949.
Topton, Pa.
The
Bond Offering—G. J. Moll, Bor¬ 1, 1959, to the date of redemption. March 30—v. 169, p. 1280.
Van Zandt County (P. O.
The bonds are to be payable at a group specified a price of par, a
ough Secretary, will receive seal¬
Canton), Texas
bank mutually satisfactory to the net interest cost of about 2.5775%,
ed bids until 8 p.m.
(EST) on
/ Bond Sal$—An issue of $2,123,These for the bonds divided as follows:
April 11 for the purchase of $15,- purchaser and the city.
500 unlimited tax road bonds Tyas
bonds are issued for the purpose
000 general obligation bonds.
$100,000 tuberculosis hospital sold on March 15 to a
syndicate
of constructing a natural gas sys¬
bonds as 2%s.
Due op May
headed by R. A. Underwood &
tem for the city and are payable
RHODE ISLAND
1 from 1950 to 1974 inclusive.
Co., of Dallas, at a price of 100.229,
solely Ifrom the net revenues de¬
325,006 sanitary sewage disposal a
net
interest
cost
of
about
Newport, R. I.
rived from the operation of the
system bonds as 21/2s. Due on
Note
Offering — George
W.
2.549%, as follows:
^
;
city's natural gas system. Addi¬
May 1 from 1950 to 1974 in¬
Michael, City Treasurer, will re¬ tional bonds may be issued in the
$1,148,500 2%s. Due on April 1
clusive.
ceive sealed bids until noon (EST)
from 1950 to 1958 inclusive.
future
on
a
parity with these
75,000 public library system
on April 5 for the purchase at dis¬
bonds under the provisions as out¬
950,000 234 s.
Due on April 1
bonds as 2%s. Due on May 1
count
of $800,000 notes.
Dated lined in the resolution authorizing
from 1959 to 1969 inclusive.
from 1950 to 1974 inclusive.
April 5, 1949, and due Oct. 28,
All
of the
bonds
are
dated
the bonds. The city will supply
1,000,000 park and recreation
1949. The notes are being issued
bonds as 234 s.
Due on May 1 April 1, 1949. Interest A-O. De¬
in anticipation of revenue for the the approving opinion of Chap¬
nomination $1,000.
from 1950 to 1974 inclusive.
All of said
year ending March 31, 1949, and man & Cutler, of Chicago, and ex¬
700,000 permanent paving street bonds maturing in 1960 to 1969
will be approved as to legality by
ecuted bonds, without cost to the
are
optional for redemption 10
improvement bonds as 2%s.
Storey,
Thorndike,
Palmer
&
purchaser, and all bids must be so
Due on May 1 from 1950 to years from date, or on any interest
Dodge of Boston.
1974 inclusive.
payment date thereafter at par
conditioned. Delivery of the bonds
Portsmouth, R. I.
350,000 bituminous surfacing and accrued interest. These bonds
will be made at Nashville.
En¬
Note Sale—The issue of $60,000
the
street improvement bonds as include
$1,500,000 reported
Dated

der,

**

upon

,

.

tax notes offered on March 30 was

close

awarded. to

the bonds, payable to the city.

the .Providence Na¬

iff

a

1

certified check for 2%

'

/

f I

v

*-}

f' •";

i

* s*

of

2%s.
-

i

v

'

Due

on

May

1

,

!'\ I.

' t-.-'-Vl

■

issue of Feb.

17, and

will constitute direct and

from

19J50 to 1959 inclusive.

sold in

general

our

^

.

60

(1500)

obligations of the County, payable
from unlimited
levied

valorem taxes

ad

against

COMMERCIAL

THE

,

from
ond

Underwriters—Associated
A.

Underwood

purchase

&

R.

Co.

with

in

the

J.

Edwards,
Oklahoma City, First of
Corp.,
of
San
Antonio,
James C. Tucker & Co., of Aus¬
tin, Underwood, Neuhaus & Co.,
of Houston, Columbian Securities
Corp. of Texas, Dittmar & Co.,
both
of San Antonio,
Emerson,
Roche
&
Co.,
of
Austin, and
Rowles, Winston & Co., of Hous¬

Inc.,

were:

1949

and

1950

Brattleboro,
station

169,

Sale

offered

about

1.194%.

1949 and due

March

Dated

25—

April

from

stitute

29—v.

169,

to 1958 inclusive.

for

1.80s

by the

Holly, Vt.
Offering— Sherwin E.
Town Treasurer, will re¬
bids

until

8

p.m.

on

April 7 for the purchase of $20,000
coupon
refunding bonds. Dated
April 1, 1949. Denomination $1,000. Due June 1, as follows: $2,000
from

1950

to

1957

inclusive, and

$1,000 from 1958 to 1961 inclusive.
Principal and interest (J-D) pay¬
able at the First National Bank of

Boston.

Bidder

of

to

name

a

single

interest,

expressed in a
multiple of 34 of 1%. Bonds will

be prepared under the supervision
of and authenticated as to gen¬

uineness

by

the

Bank of Boston,

First

National

and approved

made

or

Virginia Beach,
Bond Offering

as

legality by Storey, Thorndike,

Palmer & Dodge, of Boston.

on

Town

of

432 %

interest

bonds.
name

the

for

*

Manager,

or

Bidders
the

rate

to

are

tiple of i/s
for

are

rate

or

of

1/10 of 1%.

used

each rate

consecutive

(PST) on April 15 for the
purchase of $550,000 not to ex¬
ceed 6% interest hospital bonds.
p.m.

the

Denominations of $100, or some

multiple thereof.

offering

the

The

interest

Town, which shall be

determined by aggregating the in¬
terest payable by the Town over
life

of

with

ance

the

bonds

the

terms

in
of

after

v.

169,

p.

1280—were awarded to

at the

fice,

or

at

Town
a

Treasurer's

bid

said

tax

and above the

over

for

run

period of
said period of time being
as practicable) equiva¬
lent to the life of the improve¬
ment to be acquired by the use
a

cost

of

main¬

the

of

bonds.
the

reserve

retire
of

the

The

bonds,

or

portion

any

them, at

any time after 5 years
the date of issue, upon any

from

Nov. 2,

on

1948. The

will be sold to the highest
and best bidder for cash payable
bonds

delivery of the bonds to the

upon

successful bidder. Enclose
fied check for 5%

certi¬

a

of the amount

Bellingham
(P. O.

Bellingham), Wash.
Bond

Offering

County

son,

receive

(PST)

of

18

$700,000

interest

5%

Orland Ivar-

bids

April

on

chase

—

Treasurer,

sealed

exceed
Dated

follows:

rate

of

rates

or

if

said

interest

and

any, above par at
bidder will purchase

the bonds, or (b) the lowest rate
or rates of interest at
which the

principal of the bonds, which tax

New Issue

2 V'2% and 2%% Bonds

will

May 1, 1949. Principal and semi-annual interest (May 1 and November 1) payable in
New York City. Coupon Bonds in denomination of
$1,000.

to

as

be

rate

sold

or

amount

upon

with

Preston,
witz, of Seattle, approving the le¬
gality of the same.
Enclose a
certified

check

for

Dodge County

(P.

Bond Sale—The

general
obligations of the City of Houston, payable both principal and interest from ad valorem taxes
which may be levied upon all the taxable
property therein, within the limits prescribed by law.
are

home

bonds

169,

v.

1950-79

2V2%

Dated

1950-74

2%%

March

1960

.90% to 2.80%

1,225,000

a

$60,000

.90% to 2.75%

of

(Accrued interest

to

March

25—

&

Co., of Mil¬

134 s, at a price of
of about 1.236%.

as

100.09,

Prices to Yield

$2,235,000

offered

Baird

W.

waukee,

AMOUNTS, MATURITIES, COUPONS AND YIELDS

t

$600,000 county

1280—were awarded to

p.

Robert

Juneau),

O.

Wisconsin

,

.

Coupons

the

of

WISCONSIN

Existing Statutes and Decisions

May 1

5%

of the bid.

Exempt from Federal Income Taxes

for various purposes, in the opinion of counsel named below

the

opinion of
Thorgrimson & Horo¬

amount

Due

basis

inclusive.

100.03

1949

1,

and due
1951 to

March 1 from

on

for

Ver Muelen

Second

134s

&

was

high bid
made

by

Co., of Racine,

Bond

■'

are

r
,

f

,

offered subject to prior sale, for delivery when, as and if issued and received by
and subject to the approval of legality
by Messrs. Reed, Hoyt
and Washburn, Attorneys, New York City.
■'

*

,

.

■

us

.

(

The National

& Co.

.

-•

City Bank of New York

F. S. Smithers & Co.

Provident Savings Bank & Trust Company
Cincinnati

First Southwest

Company

Fahey, Clark & Co.

Westheimer amid Company

April 4, 1949.




Clerk,

will

on

April

$160,000

for

12
not

to

terest sewage

and will be sold to the

and

bid

follows: $20,000

1951, $10,000 in 1952. $8,000 in
to 1963, and $7,000 in 1964
to
1969.
Principal and interest
payable at the City Treasurer's
The bonds will be sold at

not less than par

tion

the

of

and accrued in¬
basis of determina¬

best bid

will

lowest interest rate bid
cost

to

the

City.

or

All

re¬

The

in

cost

the

to

Interest rates bid must be

multiples of 34 of 1%, and all

bids must designate one rate of in¬
terest for all maturities. The right
is

reserved

to

reject

any

all

or

bids, and any bid not complying
with the notice of sale will be re¬
jected. The opinion as to the le¬
gality of the issue shall be fur¬
nished at the expense of the suc¬
cessful
bidder.
The
expense of

furnishing

bonds, printing bonds
shall be paid by the

and delivery

successful, bidder,
tified

check

for

Enclose

2%

of

cer¬

a

the

par

value of the

bonds, payable to the
County Treasurer.
WYOMING
East

Thermopolis (P. O.
Thermopolis, Box 310),

Wyoming
Bond

Offering—L.

D., Vaughn,

Chairman of the Finance Commit¬

tee, will receive sealed bids until
May
000

1

bonds.
at

the

for

234%

purchase

water

Laramie
No.

system

authorized

was

August, 1948.

County School District
(P. O. Albin), Wyo.

5

Bond

of $30,-

works

The issue

election in

an

Offering—Odin

L.

Hol-

gerson, District Clerk, will receive
sealed bids until 8 p.m. (MST)
on

April

21

for

the

purchase

of

$15,000 not to exceed 4% interest
funding bonds. Dated July 1, 1948.
Interest J-J. Due July 1, as fol¬
lows: $1,000 in 1951, $2,000 in 1952,
$1,000 in 1953, $2,000 in 1954, $1,000 in 1955, $2,000 in
1956, $1,000
in 1957, $2,000 in 1958,
$1,000 in
1959, and $2,000 in 1960. No bid
for less than par and accrued in¬
terest
will
be
considered.
The

District

ject
the

bonds

deemed
the

the right to re¬
and all bids and to sell

reserves

any

at

for

private

the

best

District.

without
The

Each

condition

District

bid

must

if
of
be

reservation.

or

will

sale

interests

furnish

the

printed bonds and the approving
opinion of Myles P. Tallmadge, of
Enclose

a

certified check

of the amount of the bid,

payable to the District Treasurer.

(CST)

1953

The

highest

interest.

accrued

and/or/interest

county.

CANADA

the

in

terest.

Statutes,

bidder at not less than

sponsible
par

Section

of

Wisconsin

the

of

purchase of
exceed 2y2% in¬

as

I

series

authorized

are

provisions

disposal plant bonds

1,

bonds

the

ONTARIO

of 1949. Dated March 1, 1949. De¬
nomination $1,000. Interest M-S.

March

interest

receive

sealed bids until 7:30 p.m.

office.

Fridley & Hess

67.04

for 5%

Offering—Edgar E. Law¬
City

rence,

Due

Robert Winthrop

The

under

Denver.

be added)

Elkhorn, Wis.
The above Bonds

2%

Mount

Washington Sana¬
Building improvement
bonds. Dated Aug. 1, 1949. Inter¬
est
F-A.
Denomination
$1,000.
Due Aug. 1, as follows: $15,000 in
1950 to 1964, and $10,000 in 1965
to
1969.
Principal and interest
payable at the County Treasurer's

by vote of the electors therein, in
manner required by law, irre¬
vocably pledged itself to make an¬

principal of the bonds as the same
shall accrue. Principal and interest
payable at the County Treasurer's
office, or at the fiscal agency of
the State in New York City, at the
option of the holder.
The bonds

City of Houston, Texas

Amounts

exceed

the

sufficient to pay the interest and

$3,460,000

These Bonds, issued

to

coupon
torium

The District has, by resolu¬

all the property in the District
subject to taxation in an amount

Under

Offering—Esther F. Voss,

County Clerk, will receive sealed
bids until 10 a.m. (CST) on April
14 for the purchase of $275,000 not

tion of its Board of Directors and

tation

Interest

Bond

O.

pur¬

to

bonds.

000 in

est

Eau

the

for

not

school

County (P.
Claire), Wis.

bid will be the lowest interest rate

ficient

and

City Treasurer.

Claire

basis of determination of the best

April 1, 1949. Interest A-O.
De¬
$1,000.
Due April 1,

as

Eau

will

nual levies of taxes without limi¬

Dated

payable to the

bidder will purchase the bonds at

interest

Enclose

p.rii.

par.

said

reserved

2

until

nomination

which

pay

is

2% of the par value of the bonds,

office.

County,

School District No. 501

premium,

to

right

certified check for not less than

a

District shall

right to redeem and

property within the District suf¬

of¬

The

expense.

to reject any or all bids.

(as nearly

each year a tax upon the taxable

in New York

bank

deducting

operation, and expenses
District, and any deficit in
the payment of the principal and
interest shall be paid by levying

deducting therefrom the pre¬
mium, if any, stipulated in the
bid.
Principal and interest pay¬
able

shall

of the

and

Portsmouth, Va.
■ /
Bond Sale —The $250,000 236%
ferry bonds offered on March 29—

bonds

tenance,

accord¬

the

The purchaser shall fur¬
printed bonds at his own

that

and

$43,000 in 1951, $44,1952, $45,000 in 1953, $46,000 in 1954, $47,000 in 1955, $48,000 in 1956, $49,000 in 1957, $50,the second year after the date of
000 in 1958, $52,000 in 1959, $53,000
issue thereof.
Principal and in¬
in 1960, $54,00Q in. 1961, $55,000 in
terest
payable
at
the
County
1962, and $57,000 in 1963 and 1964.
Treasurer's office. The bonds and
Bidders are required to submit a
interest
thereon
shall
be
paid
bid specifying either (a) the low¬
from the revenues of the District,

If two

lowest

The bonds shall

mature
and
become
payable
serially in their numerical order,
lowest numbers first,
beginning

in¬

shall be

maturities.

1:30

to be

are

subject to the favorable
opinion of Chapman & Cutler, of
Chicago, which will be furnished

nish the

deficits,

eral election

will receive sealed bids until

multiples

said

levies will be

a cer¬

2%

in

charge to the successful

interest payment date. These are
the bonds authorized at the gen¬

for

be

The bonds

issued

without

desig¬

County, County Hospital
(P. O. South Bend),
■Washington
Bond Offering—L. W. Homan,
Clerk of the Board of Directors,

bonds will be awarded to the bid¬
der

cost to the

Enclose
check

should

Wof 1%.

bidder.

District

terest shall be expressed in a mul¬
rates

may

bid

rates

of

be met by equal tax levies to pay

Whatcom

bear. No bid
than two rates

shall specify more
of interest and each

will, together with

as

the outstanding bonds,

on

WASHINGTON

rates

or

interest

Pacific

requested to

are

interest

bonds

cashier's

or

will

of

none

practicable)

of the bid.

coupon

all

option of the purchaser

other place he

Lawrence

improve¬
ment bonds.
Dated May 1, 1949.
Denomination $1,000.
Due $25,000
May 1, 1950 to 1969.
All bids
be

De¬

face amount of the bonds,
payable to the Town.
(Previous reference to the of¬
fering appeared in v. 169, p. 1388.)

Halsey,

Va.

all

of the

April 12 for the pur¬
$500,000 not to exceed

chase

shall

at the

tified

receive sealed bids until 3:30 p.m.

the

VIRGINIA

—

upon

amount.

or

nate at his expense.

dated Feb.

by

thereon

livery of the bonds will be made
in the Town of Virginia
Beach,

Stuart & Co. Inc.

Lockwood,

interest

at any

was

levy

limitation of rate

Due

are

shall mature and become payable
in such amounts
(as nearly as

30 years,

to

and

property in the Town, subject to
taxation
by the Town, without

1964

to

as

utory 3-mill tax limits; that said

the

Feb.

1950

collectible

constitutional 40-mill and the stat¬

valid

ad valorem taxes
for the payment of the bonds and

inclusive.

bonds.

from

All of the bonds

Second high bid

Mount

sealed

1

and

due

con¬

gated

1,

Bond

ceive

incinerator

be

other tax, and that said bonds

any

the Town has power and is obli¬

p.

on

shall

Monday, April 4, 1949

legally binding
obligations of the Town, and that

1, 1949. Second high bid of 100.107

(EST)

Clark,

1950 to 1969

Feb.

April 1 from 1951

on

of par for iy4s was made
Brattleboro Trust Co.

to

City, stating that the bonds

$415,000 bonds

inclusive.

$145,000 fire

bonds offered

.the cost of printing and prepar¬
ing the bonds, and will furnish
the
purchaser without cost the
approving legal opinion of Wood,
King & Dawson, of New York

Sale consisted of:

on

1280—were awarded to
R. L. Day & Co., of Boston, as
iy4s, at a price of 100.29, a basis

rate

March

150,000

p.

Sec¬

1280
—were awarded to F.
W. Craigie
& Co., of Richmond, and Strader,
Taylor & Co., of Lynchburg,
jointly, as l3/4s, at a price of
100.039, a basis of about 1.746%.

Vt.

The

—

unconditional. The Town will pay

Va.

Salem,

$265,000 water bonds. Due

Bond

1

April

on

inclusive.

1959

Sale—The

Bond

1

of

serially

to

of

VERMONT

v.

due

high bid of 102.416 was made
by the Investment Corp. of Norwalk, and F. W. Craigie & Co.,
Richmond, in joint account.1
■
J-

Texas

ton.

CHRONICLE

Scott, Horner & Mason, of Lynch¬ City, to be designated by the suc¬
burg, at a price of 102.571, a basis cessful bidder. Registerable as to
about 2.004%.
Dated April 1, principal only. All bids must be

hurst &

R.

FINANCIAL

of

all
the
taxable
property within the County. Le¬
gality approved by McCall, Park-

Crowe, of Dallas.

&

Chatham, Ont.
Bond

Sale

memorial
March

—

The

$200,000 3%

building bonds offered

28—v.

169,

p.

1388—were

awarded to the Canadian Bank of

Commerce, of Toronto, at a price
a basis of about 2.985%.

of 100.149,
The

bonds

and

mature

interest

dated May 2, 1949
serially in 20 years.
Anderson & Co., of Toronto, sec¬
ond high bidder, offered a price

interest

of 100.03.

be

the

are