The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
MONDAY
ommetci&Lan
lies.
\
^
1
r
,
,
,
\
Office
Tut.
Price 60 Cents
New York, N. Y., Monday, April S, 1943
Number 4165
Volume 157
S.
U.
,
f
f.
v?'
*
;
1
v
f
1
r
"
y',l V- (11
*!
•
BOND PROPOSALS AND NEGOTIATIONS
.
'
'
'
i%'\,
'
r'
'
r
'
\
*
•
?>
.•
v
'
4 '
*4"
1
s
i'
.
*
'
,
1
>
i
..
'
) ,
'
'
•
'' «'
1 " ' '
<
t
r-
'
-
V v;: •. '-G.V
:•>.
'
'
; "•"< V.v "
f
;
J
„
.
«
%
' * - • ' IP;v '
'l ^ T:f.;
ft
y
1, 1941, and Direct
Obligations of the United
States, it is reported by Frank A.
Storey, Supervisor of the State
Refunding Department, that the
Refunding Board purchased $451,000
State
Highway
refunding
in
bonds, maturing on April 1, 1944,
paying $461,567.50, and $932,000
Debt
partment revenues, as a means of
financing."
1
United
"It is probable that in a com¬
prehensive expansion of water
and
In This Issue
mains and distribution
sewer
newly-incorporated
lines into the
territory, the City of Mobile would
obtain the money
Corporation News
State and
a
City News
York
York
New
Stock
charge¬
against the water de¬
able only
Phoenix),
Maricopa County (P. O.
Exchange
Pending--'
DeSouza, Clerk of the Board
Supervisors, reports that the
heard
oral arguments March 25 > in the
friendly suit in which the court
Arizona
Unlisted Securities
Supreme
Court
has been asked to clarify
Below)
The court is
expected to render a
decision within the next'several
v
weeks.
warrant the expense
ALABAMA
water, police, fire
Mobile, Ala.
Bonds Not Sold—The
bonds
of¬
1129—
anticipation
revenue
$3,500,000
interest tunnel
exceed 4%
not to
fered
March 31—v. 157, p.
were
not sold, due to
absence of
■bids,
i;
. y iy'
.Urges Annexation of Contiguous
greater service can be
combined population
•Units—A
mur.
.
physical
a
-
standpoint,
north of Old
Road in the city limits and
the whole territory
Shell
-
the treasury.
Little
the
ARKANSAS C
Arkansas
(State of)
Highway Refunding Bonds Debt
Service Further Protected — Pas¬
of
sage
four
Arkansas
by
bills
General
the
1941
Assembly will
make Arkansas' highway
refund¬
obligations
ing
of the district making up
Greater
of 7V2
Mobile.
statement
His
cited the advan¬
co-ordinated program of
municipal service
guidance would bring to the
tages
a
development,
.and
citizens
as
a
whole.
mills—one of the lowest if
would
Then
in
the
from
revenues
new
territory
business, gasoline and alcoholic
beverage license and tax would
City of Mobile has accu¬
mulated a fund of about $750,000 produce $50,000 to $75,000 a year.
"The combined income of $125,vin
its
treasury for public
im:
The
'provements.
Kilborn
;
a
combined
.
.
000 to
:
his only objective in presenting
the thought of consolidation is to
render
.
,
emphasized again that
trict
public service to the!'
population of the dis¬
comprising Greater Mobile.
Extracts from his statement
fol¬
low:
$150,000 a year from these
should
sources
to
lection,
porate limits been as desirable or
as vital to the community and the
suburban areas involved as it is
expressed
might
figures are not at the moment
available, the opinion has been
reduction
alone
that
in
would
in
Prichard
the
fire insurance rates
largely
offset
the
City of Mobile's 7V2 mill ad val¬
today.
"In pre-war
,
sufficient
street maintenance and
improvement and other custom¬
ary public services. While specific
great majority of opinions
conveyed to me and the research
I
have
conducted of available
records indicate that never before
has
extension
of Mobile's
cor¬
"A
.
be
give to the entire new territory
a police and fire service on a par¬
ity with that maintained within
the present corporate limits. The
municipality, of course, would
also proceed as rapidly as possible
with the extension of garbage col¬
days, the argument
have been advanced, and
logic, that much of the
with some
lacked the de¬
velopment and the population to
suburban territory
orem
other
into
tax
rate.
suburban
And
of
territory
course
taken
the
city and provided with
full fire protection would share in
this reduced cost of insurance.
District
Land
Of Bonded
Arkansas Attorney-Gen¬
Permit
—
Payment
Williams, recognizing
situation,"
in
two
County improvement dis¬
eral Guy E.
"serious
a
White
tricts, has suggested that district
commissioners sell lands on which
Funds
foreclosed,
have
they
apply the
Eligible For War Bond Investment
proceeds to outstanding bonds and
invest¬
permit the property to return to
that
permit
—Five
acts
ment of
public funds in war bonds
passed by the 1943 Legisla¬
ture, with the following agencies
and public units being eligible to
the
1.
Any State-supported
institu¬
A
mission
2.
bonds.
municipal improvement
to
All
/j;
of
special act was passed to
enable the Game and Fish Com¬
tion.
proposal went to
Prosecuting Attorney J. H. Moody,
Searcy, who had asked the At-,
General to join him in a
owned by
the Little Red River Levee Dis¬
torney
investments:
such
make
books.
tax
Mr. Williams'
were
buy
suit to make 7,000 acres
and Judsonia Drainage
District, subject to taxation,
o Mr.
Moody's
suggestion
was
based on a recent article in a Lit¬
trict No. 2,
including water works,
electric and other utility tle Rock newspaper, which said a
policemen's and fire¬ provision of the Constitution, as
construed by chancellors, is per¬
men's pension funds.
3. Road improvement districts, mitting improvement districts and
drainage, levee and suburban im¬ their assignees to escape large
property tax
payments to the
provement districts.
State.
Lands foreclosed by dis¬
4. State Investment Board and
tricts for non-payment of assess¬
State Board of Education.
are
no
longer subject to
5. All counties and cities of the ments
first and second class and incorpo¬ State taxation, because chancery
courts hold they are "public prop¬
rated towns,
The
State
Attorney-General, erty used exclusively for public
Guy E. Williams, pointed out, purposes."
Mr. Williams declined to join in
however, that the validity of the
act has not been tested
in the the suit because, he said, he be¬
lieves the courts "would hold the
courts.
lands belonging to the districts
Highway Debt Service Funds
and are held by them, under the
Invested—The
State
Refunding
law, for sale and application of
Board on March 26 invested $1,■
and
States
cushion fund, created by Act 99 of
produce $75,000 a year.
Treasury certificates of indebted¬
it is presumed that other 1941, fall below $3,500,000, the ness at
par. The latter certificates
not the lowest in the nation—this
Levee
Urges Sale Of Foreclosed
To
minville, Crichton, Plateau
Magazine Point should be con¬ Director of the Arkansas State Re¬
Greater sidered
jointly in future program funding Board.
Mobile, State Senator Vincent F. for
Mr. Storey said these bills re¬
sewage .service and disposal.
'Kilborn said recently in calling
This is particularly desirable as move any doubt as to ability of
upon
residents of all territories a
safeguard against the danger the State to service its highway
•adjacent to Mobile to give wide of contamination of Three-Mile refunding bonds during the next
study to the question of munic¬ Creek
years,
regardless
of
the
through the emptying of two
ipal consolidation.
amount of reduction in revenues.
raw sewage into it.
393,567.50 of highway debt service
A few weeks ago Kilborn be¬
A highway reserve fund will
"It is estimated that extension
"cushion"
funds
in State and
gan
sounding out public senti¬
of the corporate limits to take in provide a $3,500,000 "cushion" for United States obligations that will'
ment on the issue and, on
the
the highway service fund.
High¬
the various populated and devel^
yield % % interest. fi
: basis
of his preliminary finds, he
suburban localities would way revenues in excess of specific
Six tenders totaling $1,915J0uu
issued
a
statement enumerating oped
allocations demanded by the re¬
bring an increase of at least $10,were offered. The board accepted
some
of the common problems
funding law, which have accrued
$451,000 par value State highway
which have accompanied the re¬ 000,000 in property assessments.
At the city's ad valorem tax rate during the last two years, will go
bonds maturing April 1, 1944, for
cent
unprecedented growth
of
into the new protective fund.
offered
River
No. 2, Ark.
,
"C
Make Public
Red
in
"
districts and
during the next
two fiscal years "iron clad,'- said
and; Frank A.. Storey, Jr., Executive
including beyond these limits the
communities of Prichard, Toul-
•
The lat¬
$1,000,000.
sewer,
and other mu¬
,
"From
1, 1944, at par,
of
excess
ter amount must be maintained
districts,
yy
of city sewer,
nicipal services. This no longer is
a tenable ground on which to de-
r
several
disputed points in connection with
the sale of $4,100,000 refunding
bonds on Feb. 11—v. 157, p. 769.
M iscellaneous.. vmM'-
States- Treasury
New Laws
Decision '
J. E.
of
April
General
Ariz.
Refunding
Out-of-Town Listed Markets
(See Index
dated
certifi¬
cates of indebtedness, to be dated
April 15, 1943, and due on April
ARIZONA
Exchange
Curb
needed through
water-sewer bond issue,
QUOTATIONS
New
Copy
CITY DEPARTMENT
AND
STATE
'
*
a
If funds in the debt service, or
State Treasurer will transfer
from
highway reserve fund to the
the
debt service fund such
may
amounts as
be necessary to restore
it to
$3,500,000.
When gasoline and tire ration¬
ing
are
discontinued after the war
highway revenues increase to
such an extent that reduction of
and
the
debt
longer
in the
for
is
below
reserve
State
$3,500,000
highway
maintenance
and construction as determined
the
A
no
the money
fund may be used
threatened,
by
Legislature.
surplus of approximately $1,-
400,000 in highway revenues has
accumulated during the last two
years.
The debt service fund now
$5,490,000. The 1941 Re¬
contains
funding Act provided the Legisla¬
ture could use any surplus for
construction, maintenance or re¬
demption of bonds.
Tenders Accepted
tion with the
March
—
In connec¬
call for tenders on
26, of 3%% semi-ann. State
Highway refunding
serial bonas,
which
it
$461,756.50
paid
$932,000 par value United
also will mature April
The board had
able
1, 1944.
$1,394,000 avail¬
of which
investment,
for
$914,000 represented State high¬
way
bonds bought at previous
tenders that mature April 1, 1943.
With this
$914,000 reinvested, the
"cushion" fund in¬
net increase in
vestments
was
$479,567.50.
the
ppeeecTs to discharge of the
>' v <
\
'
/The prosecutor questioned the
purposes for which the two dis¬
tricts were created.
He said the
assessed benefits were made to
exceed "by far," the actual bene¬
fits to be derived. As a result, he
indebtedness."
of the lands involved
82%
said,
.
delinquent and were fore¬
closed.
Title passed to the dis¬
tricts
and
States
taxes
were
became
halted.
"Shortly
benefits
after
the
assessed
exhausted in 1938,
were
Wh^e
County Investment
sb~Loui£, Mo., a bond¬
protective
committee,
brought suit for the balance due
the
Co.
of
holder's
and in default on
bonds and inter¬
est," Mr. Moody said...Judgments
of $249,000 against the levee dis¬
trict
and
$191,000
against the
Frank
$991,000 of United drainage district were awarded.
States Treasury notes, bought at
previous "cushion" fund tenders,
INDEX
will mature June 15. That amount,
Page
plus interest on investments in Quotations:
Refunding Supervisor J.
Storey, Jr., said
$1,available for investment
the interim,
000,000
will make about
The board will
meet^Jupe 11 to
of $l,000j>00 in1
tenders"
State highway and Government
bonds, with payment and accept¬
ance scheduled for June 16. Under
accept
authority of a 1941 act, the
board
adopted a resolution two years
ago providing for investment of
all monies
in the
"cushion" fund
State
1237
..1253
1258
1263
York Stock Exchange
Curb Exchange.,
Exchanges..
Securities
Stock
Other
Unlisted
V
June 16.
New
New York
■
and City Department:
Bond
Proposals and Negotiations. 1225
General Corp. and Investment
Dividends
News. 1235
1231
Declared and Payable
Redemption Calls and Sinking Fund
Notices
The Course of Bank
.............1231
Clearings....,.1264
Exchange Rates
Combined Condition Statement
Federal Reserve Banks
1234
Foreign
JAember
ment
Banks
Condition
of
1234
State¬
1234
The
bondholders
order
court
a
irict
ments
to
benefits
on
1953
-incl.;
ing projects which started
1961
inch
the district will
together with /LI
cancelled
years' interest
the bonds.
on
v/
to
CALIFORNIA
of avoiding payment of State
taxes."
'
county
Rock-North
Heights,
District No.
Debt
in
Road
total
Reached
Settlement;
settlement
which
the
Arkansas will accept
A
—
of
State
$28,811.45 in
cash and funding bonds to satisfy
long-standing
a
$336,392.26
North
No.
governmental cost expenditures of
$104,784,703, totaled $110,469,635.
in eight-month period a year ago,
27, Ark.
Little
of
Rock-
' judgment
against
Little
Heights, Ark., Road District
and
27
by
which
$50,000
in
governmental
cost expenditures
$103,675,776, aggregated $235,141,259.
Non-governmental cost
disbursements for the 1942 period
included the calling for redemp¬
warrants, which in the past were
'will
funded
be
^reached
Court
to
$2,500
Pulaski
was
Chancery
gasoline tax collections amounted
$33,197,958 in the eight-month
period.- This compared with $41,-
similar
settlement-decree,
recently issued in the
one
accruing to the general fund, net
to
March 27.
on
The
;
in
for
a
of Little Rock-North Heights Dis¬
No. 28, came as the result
•
State's
Attorney-General
EL: Williams'
motion
earlier.
year
Los
funds
collected
1
totaling
$443,056.31
Carl
E.
Bailey
in
1935 against directors of Park
Hill and adjacent areas. The court
'held the State
to
retire
districts
their
•enough to
11
of
bonds
not
were
due funds paid
was
because
participate under
1927,
the
the
organized early
much
Act
decree
of
The
St.
Mo.,
paying
agent of the district and held in
special account of the Justin Mat¬
lows:
(1)
Trust
pany, as
000
in
and
To
the
Company,
Metropolitan
Matthews
a
com¬
agent for holders of $59,district
bonds,
$1,525.80,
(2) to the State, to apply
judgment, $9,992.45.
'
the
Trust
as
sale
announces
M.
A.
April
on
of
$13,441.01 is available for
purchase and cancellation of
sum
the
such
bonds
district
will
issue
$21,000
callable
funding bonds of
$500 denomination, dated April 1,
1943, and maturing serially from
1944
1964 which
to
follows:
as
cepted
to
be
(1)
shall
$2,500
be
to
used
be
ac¬
by the holders of $50,000
of the old
bonds, and
(2) $18,500
paid the State to apply on
$370,000
of .the
the
remaining
judgment after
The
other
decree
assessment
of
payments.
provided
the
bonds
no
can
be
for
benefits
re¬
on
a
$250,000
Surplus—The
city will round out the city fiscal
year
of
March 31 with
on
than
more
nounced
by Mayor
surplus
a
$250,000, it
was
an¬
Spellacy.
At
no
other time in the municipal¬
ity's recent history, Finance Di¬
Robert
rector
L.
Duffy reported
to the Mayor after a check over
records,
had
corded.
a
surplus
been
rate
;
•
orders
has
to
asked
tricts
be
27
for
•
State
Legislature
an
issue
of
collected
28
against
Dis¬
property ownefs
until next year,
Justin
ciates.
Matthews
Slyan Hills
acre
and
his
area
asso¬
12,000-
comprising
District 27, will, under the decree,
accept
cents
the
something
on
the
less
dollar
as
than
eight
holders
of
$59,000 in outstanding bonds..
ages
in;
tendered
Circuit 'Judge W.; M. Walker set
I delivered
hearing for Aprii 3 in the suit
bonds
delivered,
building pur¬
presenting to mem¬
of
the1 Finance
detailed
taxes
they; Federal
sales
on
in
it
in
event
if
repayment
the
and
accepted
is knocked down by the courts. /!
The Federal suit listed payment1
of
$61,857 of taxes
from the Orange State..Oil Co. as;
the specific basis for the litigation.;
purchases
picture
Committee
of
the
city's
LeRoy D.
Comptroller
not
are
Refunding Bonds
"flat"
will
for
will
all
pur¬
as being.made
basis, i.e., inclusive oi
Walker
,
be
.
mailed
of tenders
above-
the
by
April 20, and good faith
on
legal
taxed
;
.
The particular issue
by
"i-
,
is whether
have
23
at
price
a
of
99
Polk
levied
ville.* will
years.,
and State
against Federal purchases.
Haines
and
lected
The Bartow school bonds, now
financial
Harold
Murray, in charge of
municipality affairs of the State
Tax
Department
what
Mr.
Downs
concurred
stated
all
on
then,
Lee
sales.
notified
-
Comptroller
they
will be refinanced
dealers
would be expected to pay on sales
ture
to the Federal Government.
the
in
from
Fla.
Lauderdale,
ing the financial condition of the
C.
city.
advises
Hardy,
City
Haines
ample
borrowing
ommend
that
bond
State
proved,"- the
ment
I
power.
this
Tax
be
rec¬
ap¬
Depart¬
.T:
official said,
DELAWARE
Seeks
thority
To
Clarify
bills
Au¬
intro¬
connection
i
with
were
State
March
Senate
Delaware's
passed by the
22
after
ex¬
1943,
;
1
to
City
2
Council
change 1945
15
l,
to
Cahey
Called—President
called; for
March
the
31
Mc-
payment
oh
following tax
an-?
ticipation warrantsr
Building Fund, 1931, Nos. B10135 to B-101558, dated Nov. 16
to
20,
1934.
'
v
"
,
'H
Building ; Fund, 1933, Nos. Bto B-15699, dated April 12,
>;?
1.935.
Building Fund, 1934, No.
7024, dated Oct: 7, 1935. 7:
Building'; Fund, 1935, No.
B-
v
Bdated Dec.4'24, 1935/
Playground Fund, 1933, No. P2309, dated Jan. 28, 1935.
Holders
required
of
to
these
warrants
them
present
to
are
the
Education, City of Chi¬
Room 352, 228 North La
St., on or/before March 30;
in order that
and
that
-
cash
same
interest
/•:
-
on
be issued
may
payment thereof.
majr^e
compufed
drawn
warrants
City Treasurer
;
.
Bonds
L
bonds.
Dated March 1:,
e g a 1 i t y
approved by
Illinois
Chicago,
(State of)
was
declared
uncon¬
March 16.
on
State
a
Build¬
Auditor, State Super¬
Public Instruction,
Secretary of State, Attorney-Gen¬
of
intendent
6s,
eral
and
preme
member
a
Court.
of
the
Su¬
It would have had
authority to issue up to $12,000,000
in bonds to construct State
be
the
The
to
question
water
<
•
.
157,
has
with
over
75,000
revenue
p.
April
an
would bear
.
on. to exceed
"The
'
a
agree¬
vote of the
1
,
authorization
of
issue in the amount of
a
bond
$12,000,000
payable solely from the revenue
from the operations of
the buildings to be erected by the
Illinois State Public Building Au¬
received
thority, said buildings to be rented
to
interest at a rate not
various
departments
Of
the
State of Illinois without any limi¬
23A%.y The water sys¬
the-voters at a previous
last August.;,
the provision of the act author¬
people.
tations upon
to issue
I
act
judgment
unconstitutional
000 in bonds without
1034—the City
renewed
the
its
ing the authority to issue $12,000,-
27 on
$212,000
purchase
on
;
based
court
holding
Re¬
the
issuing
of
system
bonds—v.
held
•
,
follows: $2,000 from
1947 inch; $3,000, 1948 to
ot
Warrants
the Board of Education J. B.
\
Treasurer,
refundings will
period.
bonds.
*as
I
The act- created
ma¬
$66,000 5% re-; tem is owned by the Washington
Dated
Aprill,, Water Power Co.'and its proposed
1943.: Denomination
$1,000.; Due purchase failed to find favor with
March
>
:
ing
Authority,
comprising
the
Governor, ' Lieutenant-Governor,
same
connection
Council
resolution
1%.
:
Court
at
a
$2,000,000 re|
anticipation warrants to
tax
TChicago Boardof.. Education
tpm (P. O. Chicago),
in
1955.incl., and
election
Bank
passed
nounced the .sale of
lief
local banks at
stitutional by the Illinois Supreme
bonds,
2Iks to
as
newed—In
presentation at the
".City
.
years.
1941, to permit the State to ac¬
quire a centralized office building
Special
City
No.
D'Alene, Idaho
Issue
Agreement
Bond
1,190,
due
Authorized —The
10
Chicago, III.
Warrants Sold—City Comptrol¬
ler
Robert B. * Upham has
an¬
Cceur
re¬
-
April
a
upon
Bonds
two bills and another in the House;
by
1935,
1,
of
Public Building Authority Act of
& Trust Co:; New
ment effected in June, 1942, with
the Chase National'
Ferris &
Hardgrove of Seattle,
Bank of New York, as was origi¬
for the firm to act as fiscal agents
nally announced—v. 157, p.'857. \
for the city in handling the pro¬
Lake City, Fla,
.f
posed
bond issue.
The; bonds
funding.'
.made necessary
Nos.
harbor
assessed
valuation of the district, with in¬
to 6$> and term
terests viimited
buildings in cities of
Nov." 1,
1970, payment of which has been
assumed
by
Broward
CountyFla., will be redeemed on May
planation by Robert H. Richards,
Jr., legislative attorney.
Miv Richards stated that these
were
1937
the
\
t
for
population.
"Auditor-Clerk,
the
bonds,
Nov.
Chemical
duced by Senator James S. Evans
housing laws
dated
York, not
Housing
Laws—Two
funding
1,
Delaware (State of)
to
"
•
that
V:
;
Charles & Trauernicht of St. Louis.
Bond Call Correction—Florence
concern¬
"The City' of Norwalk has
1946
mature in the
Fort
ma¬
issued
of
-
1943.
$58,000 Bartow,
Special Tax School District bonds
District
its
speciaLehedfoh.
might be
Bonds
.
funding
refund
School
that
mills
a
Sold —The
Municipal
Corp. of Chicago purchased
recently an issue of $10,550 4%»
County Board is
$51,000
outstanding among
municipalities of the State."
at,a
,
Refunding Agreements Reached
—The
beep
rnd
"is
10
or
Bond
County School Districts (P. O.<
"
Bartow)* Fla.
Tax
asserted
purposes
Township High School
District No. 5S (P. O. Equality), III.
<
Tom Watson held it could be col¬
condition
fire
for
Public Building Law Ruled Un¬
margin for borrowing is $739,000
that
per
taxes
jority of the voters of The district
'
Describing it as a tax upon
dealers, State Attorney-General
revealed
six ..mills
in
approval required by
and
agencies also have paid
it, but it has not heretofore been
paying the tax for several,
Directors -then
Equality
reported,
>o
have
approved
recently an
agreement whereby the Clyde C.
Pierce
Corporation of Jackson¬
,
lands
constitutional—The Illinois State
v
cities
with
-
March
accrued interest;1
customers.
and
including
forest
up, to
valuation
protection
in
that
$45,000 -general
refunding callable bonds of 1936
were
-purchased
by i tender
on
the State and collect it from their
Counties
dollar
the
announces
constitutional gov-,
being
not
Federal
in the district.
ers
so
v
i
unit
and
-areas
or
verified
*
ernmental
porated
State
1943,
bonds purchased
All
April 3 a similar suit by, a. will be made.
County taxpayer to; en join
Lakeland, Fla,
the County Commission from pay¬
Bonds
Purchased—Frances R.
ing taxes on/gasoline it buys.
Petteway, Acting City Treasurer,
This action also raises the
another.
/
any. group
Salle
date.
pursuant to said: tenders must be
delivered with all coupons:'ma¬
until
one
Clearwater)
measure
Board of
turing on: and after May 1, 1943.
-. the
100,000,-> attached to the trust company on
or before April 28, on which date
.
'J.
postponed payment of the: purchase price
Leon
question of
the
contiguous land outside incor¬
accompanying unsuccess-'
cago,
fiil: tenders will.be returned on;
within
also
of
(Dem.,
(Rep..,;Canyon);;,''
Under
1741,
State last year exceeded
000 gallons.
Judge
Floan
and Deal.
15697
Since accrued interest
"net"
a
purchases paid
on
bonds
to the undersigned; and
as
ultimately!
tax
the
Notice of acceptance
fqnd for.
separate
a
liquidated dam¬
as
the
accrued" interest,.
agencies since y February
15, and directed Comptroller Lee
hold
but
be considered
poses
tc
Federal
to
accepted
,
nated
:
collected
retained, tc
be paid on all bonds pur¬
chased, tenders, at prices, desig¬
exempts; because-/the
Meanwhile, the court impounded
all
be
(5).. be inclosed in plain sealed
envelopes marked "Tender of City
which the Federal Government
;
of
of the principal
Norfolk's
in
who developed the
tiot
$110,000
school
In
poses.
signed by Chancellor
that no
taxes
and
will
of
behalf of the Federal
Government. ,• * ■
y
*' .
on
'
order
tendered, the proceeds ot
check
Amounts
gallonage tax is, by law, a tax
upon the dealers, .who pay, it to
the
approve
bonds
provided
should
jf bonds
State, has been filed in
tax
certified
a
an amount equal
principal - amount
Lhe extent of. 1%
dealers
the
Norfolk, Conn.
previous assessments. Sepa¬
Dodge
Federal Government
Tallahassee by the Department of:
.
issue bonds
■
Justice
re¬
smaller scale and for cancellation
of all
which
Federal
Hartford, Conn.
-
Reports
finances,
3%
and
purchased unless the price named
is less than par value.
•
;
Downs
of the judgment at five
1
the dollar.'
1%-. of- the
gallon tax
the
to
$6,399.81
The
27- for
city of certain bonds
1939,
for refunding of the indebtedness
of Los Angeles Acquisition and
Improvement District No. 38.
A
a
in
that
issued under date of June 5,
bers
on
Agent," in
Fund
suit - to restrain
to
within the
or
«<:
"Manufacturers Trust Co., Sinking
Circuit
from
dis¬
the
the
to
cannot
the State, $319.99 in settlement of
cents
drawn
Comptroller J. My Lee from
collecting Florida's 7-cents-per-;
purchases
recite
(3)
States
settlement of $7,474.20 of bonds at
the dollar, and (2) to
check
State
gasoline
com¬
tinctive numbers of bonds offered
(.4) be accompanied by
Pending—A
levy taxes
thereon) at which thesame
offered;
are
Government.
10:30
five cents
on
Florida (State of)
on
trust
Corporate Trust De¬
til
Acquisition
Proposed Bond Issue—The city
Company, agent, $373.71
terest
Gas Tax Claim Against Federal
injunction
at its
will
on
The district will pay the fol¬
lowing amounts for various pur¬
poses:
(1) To the Metropolitan
proceedings, and
FLORIDA;:|'||?||||-
Court
above-named
specify the; principal amount oi
bonds offered; (2) state the price
(which must be less than the
principal amount and accrued in¬
.v
Government
ators
will receive tenders of said
55 Broad Street, New
York, before 3 p.m. (EWT), on
April 19.
Said tenders, must (1)
agreements,
pay¬
public bodies ; in y the
the
undertakings of
such housing authorities, together
acts.
power to
would be permitted under an Act
introduced: in the Senate by Sen¬
might ievy!;
partment,
to
their
fire
might be organized into a district
by petition of 25 of the land own¬
Series A"
a
thews Company in Union National
Bank will be distributed as fol¬
organization of housing
all
Fire
rural
the sum of $25,476 and said
sum is available as a
sinking fund
for-the
purchase
ok refunding
pany
bonds
and
with
Aug. 23; 1937, said city
on
A The
notes,
/■
mission
Local
of
protection districts in Idaho with
•
by the City Com¬
of)
Permit
Districts—Creation
reso¬
a
has deposited with the'trust corny
pany
authorities and would approve all
bonds,
adopted
3 of
ted.
>; The other would declare valid
and legal the creation, establish¬
in
pro¬
$11,518.25 receivel
Louis,
State, public .officers, mu¬
nicipal corporations, political sub¬
divisions, etc.
i
State
lution
Section
are
following settlement
of
sum
the
ity for;.: all, public deposits "and
negotiable and legal investments
ments
sinking fund
as
(State
Would
'
bonds, series A; issue of Nov. 1
1936, at the lowest price submit¬
secur¬
for the
ment and
pursuant to
sumer, and therefore Federal pur¬
of indebtedness:
;from
U; SV Government shall be
a
CONNECTICUT
27
paid; by the
York,
Trust
agent for the city, announces that
chases
Of
Treasurer,
*
vided for the
-
discussed
March
be
to
Co. of New
'-Idaho
Bill
/;A:V
v
Manufacturers
contends the levy is upon the con¬
Martineau Road law.
The
contributions
Bonds—The
he will receive sealed tenders-un¬
-
obtained against the two dis¬
tricts in a suit brought by Prose¬
Attorney
doubt of the legality of act?' of
housing authorities. 'V;£;vvj;'L
One
bill, provides that
bonds
and other, obligations; issued -by
any public housing authority-or
agency in the United States , when
secured
by a pledge ; of annual
to
1962 and
U/vv,; ; Lake Worth, Fla,, A'V;
;
?. Seeks
Tenders
of Refunding
City
were
cuting
'
•
<
"
Judgments
any
District 38 Bonds—L. V. McCardle,
to
by taxation
of assessments.
;
Angeles, Calif.
Tenders
Seeks
require payment of the judgment
•from
up
from" 1954
$5,000 in
of Lake Worth
Guy
last week
clear
to
$4,000
-
and
,
<21,974 in the eight-month period
case
trict
of
operations.
Among the items of revenue not
of the district
bonds
in registered
used to finance current
•
outstanding
of $125,883,014
were
'v-Monday, April 5; -1943
1963. Interest A-O.
housing^
.
including
disbursements,
slum
as
explained that the bills
of
tion
low-cost
being presented
California (State of)
date, Mr. Moody said. As a result, \
he
continued, additional assess¬
Surplus Increased to New Peak
ments were made against all lands —The State of California's gen¬
in the districts, paying and non- eral fund surplus, which has been
paying alike, equal to 107.3% of showing an almost steady increase
the assessments in an area over¬ month by month,1 reached a new
lapped by. the districts.
•
i record high figure of $79,380,746
The court also directed that all as of Feb. 28, a repdrt from Harry
money derived from sale of de¬ B. Riley, State Controller, showed.
linquent lands, or from the added It compared with a general fund
•assessments, be paid to the bond¬ deficit of $8,749,694 as of Feb. 28,
holders'company.
1942.
On Jan. 31, last, the surplus
"Although the naked legal title was $76,488,781.
to these lands is in the districts,
General
fund
cash
receipts
the real ownership is in the White amounted to $175,988,981 in the
County
Investment
Co.,"
Mr. period from July 1, 1942, through
Moody contended.
"The districts Feb. 28j the first eight months of
are
merely vehicles of convey¬ the State's fiscal year. This com-,
ance."
He
suggested that the pared with $173,260,012 in the
lands are being held in the dis¬
same period a year earlier.
tricts names "solely for the pur¬
Total disbursements, including
pose
and
clearance
He
the
1941
from
in the nature of the Federal hous¬
be
assess¬
equal to 6% interest
assessed
CHRONICLE
All claims against
obtained
then
compel the dis-J
additional
collect
to
and
& FINANCIAL
THE COMMERCIAL
1226
j
|
t
election!
the rentals which the
State will be required to pay and
thus
appropriate
Section
18
of
is
Article
contrary
LV of
Constitution," the court held.
to
the
r
157
Volume
Number 4165
'
1227
"THE COMMERCIAL & FINANCIAL CHRONICLE
'
a; step/farther than in most bonds May election, a $12,500,000 issue
Stuart ,& Cot/ of.this type by guaranteeing them, of water bonds for the develop¬
Bond Issues.—Enabling legislation
thus acquiring the- debt.•' - •'•-•l- ment of the Patapsco River sup¬
authorizing cities to establish air¬ Inc.,, and -v. the > Central "National
"This;? raises sundry questions; ply. (A $32,000,000 issue of bonds
ports' and to issue bonds" and levy Bank & Trust Co. of Des MoineS
Will
or > can'
the guarantee • bd for this purpose was rejected by;
taxes
for such projects vis now 7~v. 157, p.. 1130—were awarded
Permit
Would
Airport
Local
;
Temporary
jointly 'to Halsey,
;
^
•
Wrnchendon, Mass.
Loan — A
$75,000
•
road: refunding bonds sold
mary
loan
temporary
March 26 and
offered on
awarded to the
was
was
.
•
Un¬
before the State Legislature.
the. measure,
the
City of
Springfield would be able to parn
ticipate in a Federal program of
airport development
der
.
7.
.
Rochelle, III.
Bonds Voted—At
^4. ',5
electron
an
on
of
bill permitting Illinois
of 25,000 or less population
of
"cities
a
,
"to hold referendums on
proposals
,to bond themselves up to a maxi¬
mum
of;-5% 'of their asssessed
valuation' for
hospital
"purposes
cleared the way for the election.
/Voters already had approved? the
levying of. a tax for establishment
maintenance of a municipal
'and
hospital.
"on
*
each
The levy is for 1% mills
$100 property valuation.
•;
-primaryroacl / refundin-g|
bonds "offered for sale a;t public?
Indianapolis, Ind.
Bond Offering,—Sealed bids will
received until
•be
II
(CWT),
a.m.
April 9r by City Controller Roy
Hickman,, for the purchase of
on
E.
$160,000 refunding of 1943 bonds;
Interest rate is not to exceed 4%#
payable J-J. Denom. $1,00Q. Dated
1/ 1943. Due on July 1, as
follows: $7,000 in 1944 to 1962, and
May
.
*>
:
$17,000 in 1963. ' Rate of interest
multiples of lk of 1%,- and
•to be in
more
not
than
be
named
;shall
interest
one
rate
each bidder.
by
'highest bidder who has submitted
the
The highest bidder
be' the* one
•will
with
accordance
in
bid
»notice of sale;
-
*
ann.
lowest net interest cost to the
/to
determined
be
by
offered
the
bid',
if
In the event of the non-per¬
the successful bidder,
any.
formance by
Comptroller shall
the
City
the
right sand
is
have
authorized; to
high¬
No bid for less than
'award the issue to the next
est
bidder.
the
par
raccrued
value of the bonds plus
interest to date of de¬
•
Moines,
1948
in
1
4
1950..
on
York -City..
All
subject to the
issue
as
in " the
for- redemption,-
pursuant to the provisions of the
.
deemed
May
on
der's attorney, but
be unconditional.
satisfactory
time
■the
bid¬
the
by
otherwise shall
In the event no
bids are received at
on the date stated
above, the sale will be continued
from day to day thereafter and
bids will be opened at the same
be
the
The purchaser will
required to accept delivery of
bonds at 10 a.m. (CWT), on
April 23, at the City Comptroller's
office.
The bonds shall be direct
obligations of the city, payable out
of unlimited ad valorem taxes to
be levied and collected on all of
165
the
city. Enclose a certified check for
212 % of the amount of the bonds,
.payable to the city.
;.v:
Bond
Noblesville, Ind.
Details—The $7,180
Sale
refunding bonds sold recently to
Indianapolis
the
Bond
&
Share
IV4S, at
price of 100.255—v. 157, p. 1130
Corp. of Indianapolis, as
,—are
ture
dated April 1, 1943 and ma¬
follows:. $500 Jan. 1 and
as
July Ffrom 1944 to 1949 inch; $500
Jan. 1 and $680 July 1, 1950.
In¬
terest J-J.
Legality approved by
Matson, Ross, McCord
.Indianapolis.
•
sinking
be
&
Ice of
at
is
of road and
dated May
will
be
Jan.
1, -1943,
in
the
-
1, -1937.
May
1944
1,
shall
interest.
Louisiana
-
.
•—The
Sought—
State
System
at
y;
Denom.
to 1953.:
forwarded
be
Interest
„
;
consider
the
petition
Time/
of
(State of)
.
.
_
'
the
Teachers
rejected
offering
bids
submitted
March 24
on
of
agencies
aggregating
full" details of which
v.
$1,929,000,
appeared in
15,7, p.. 1130.
In contrast with
liquidations,- Which are for
other
trust account with
a
.mouth), Ky.
On
■7'-/1v~v
Bond
;
Issue
ported,
Note Offering—Charles P. How¬
County
ard,
Treasurer,
will
re¬
a.m.
April
and
1943,
9,
due
April
Mill bury,
-
.
7,
of
Bank
tional
Mass.
Boston purchased
recently, an issue of $100,000 notes
discount.
at 0.415%
Dated March
25, 1943, and due Nov. 30, 1943.
R. L. Day & Co. of Boston, sec¬
ond
high bidder, named a rate of
0.439%.-:
commented
editorially
as
fol¬
f'Z' :■ 7 7;;/:• 7" Fairfield, Me.
:
•//
.
Note
Town
Offering—R.
Manager,
W.
Palmer,
i I I
receive
"The Court of Appeals' refusal
sealed bids until" April 15 for the
to
approve
a
$35,000 Pendleton;
purchase of "$50;000 notes, issued
County school bond issue showed,
in 7 anticipation of current
year
that it wasn't fooling when it an-'
nounced two years ago it would taxes.; -Notes wiLL mature on or
before. Feb, 1, 1944.
validate no more bonds issued
governmental units without pub-"
lie
vote, as provided by the Con¬
"The
-v
77yk^"'!;7:r. MARYLAND
^
;
county board resorted to!
temporary
March
Loan —A
Bank
mut
loan was awarded on
the National
to
30
$600,000
of
Boston,
at
Shaw¬
0.569%
discount.
Baltimore, Md.
Eleetion
Adams, Mass.
Sale—The- Merchants Na¬
Note
on
Bank
of Boston purchased
March 25 an issue of $100,000
notes
at
0.40%
discount,
rate of 0.412%.
a
Vista County
(P. O. Storm
the
familiar
device
of
having
a'
—Deputy
City
since
1787c,
or
than
1933.
In
addition the cumulative oper¬
ating deficit of $21,669,932 which
existed on June 30 of that year
has
been
eliminated
completely
and, according to estimates by
municipal officials, the city will
enjoy a $2,000,006 operating sur¬
plus
June
at
;
):-■■
year.
present
the
of
30
'7
discloses the
steady improvement in current
tax collections by the city since
1933.
By way of comparison, It
.,
The -report
also
.
is
noted
that
957o
over
1941-42
levy
levy
of
$72,632,991
1933.
of
the
7
$68,977,224 was
collected
on
June
30, 1942, as
against only 65% of the 1932-33
the
been
fiscal
of
30,
June
on
debt reduction has
keynote of the city's
this
by sub¬
stantial capital improvements, all
has
of
policy for
been
years,
many
accompanied
which
financed
was
without
Bank
& Trust Co., makes the fol¬
lowing comment:
"Since
ability
the
basis
of
Purchaser—The
now
City Treasurer
reports that the 500,000 reve¬
notes sold on March 18 at
&A0%
discount,
plus
a
$5—v. 157, p. 1131—were pur¬
chased by the
Second National
Bank of Boston.
Due $250,000 on
12
and Nov. 22, 1943.
West wood.
Mass.
city's
recognition of these
principles.
Furthermore,
the constructive program
by
the
clearly
to
adopted
administration
present
indicates
a strong desire
improve Detroit's
constantly
credit.
The declared intention to
on a cash basis, to finance
capital improvements out of cur*-
operate
income, plus the schedule of
the
next
other
debt
10
retirement
years
and the
encouraging
steps
over
many
taken
should materially enhance the in¬
vestment quality of the City of
Detroit bonds."
Compiled—
Braun, Bosworth & Co., Toledo,
have
just
issued
a
brochure
containing a complete maturity
schedule
on all
of the city's outTstanding revenue notes and bond
issues, the amount of bonds held
in
sinking funds, also a statement
showing the bond principal and
interest
charges for each year
1944
given
is
of the
to
the
city
as
1963
incl.
financial
Also
statement
of Dec. 31, 1942.
Ecorse, Mich.
Bonds
—Alex
And
W.
Certificates
Called
Law, City Controller,
for
payment
facturers
National
calls
at
the
Manu¬
Bank, Detroit,
at par and accrued interest, re¬
funding bonds of 1941, Nos. 197
to
216.
No interest will be paid
the bonds beyond Aug. 1, 1943.
The Controller also has called
on
for payment, at par, at the Ecorse
and Financial Chronicle (Reg. U. S. Patent Office) William B. Dsma Company, Publishers, 25 Spruce Street, New York. BEekman 3-3341, Herbert D. Seibert, Editor and Publisher:
William Dana Seibert, President; William D. Riggs, Business Manager.
Published twice' a week [every Thursday (general news and advertising issue) with a statistical issue on Monday). Other
offices: Chicago—In charge of Fred H; Gray, Western Representative, Field Building (Telephone-State 0613). London—Edwards & Smith, 1 Drapers' Gardens, London, E.C. Copyright 1943 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 and Possessions,
$26.00 per year; in Dominion of Canada, $27.50- per year.
South and Central America, Spain, Mexico and. Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia, Australia
and Africa, $3 ..00 per year. NOTE: On account of the fluctuations in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
Commercial
is
willingness to pay,
the
enclosed
analysis
demon¬
strates
by
actual
performance
premium
of
credit
and
from
Pittsfield, Mass.
'
nue
a
Dated March 25,
The
high
premium of $10.
bidder, named
plus
Temporary Loan — A $100,000
Register Martin;
private holding corporation issue; ■Epple reports that Mayor Howard temporary loan was awarded on
Lake), Iowa
W. Jackson has proposed that the March 29 to the Second National
the
Price Paid—It is now reported
bonds,
using
proceeds - to
However, it went voters be asked to pass on, at the Bank of Boston, at 0.39% discount.
that the $600,000 semi-ann. pri¬ •build a school.
Buena
$67,000,000
Maturity. Calendar
North
-•
Nov.
->V
Proposed Water Bond
ment
substantial
Bedford, Mass.
Temporary
w
by
City of Detroit."
Exam¬
of this interesting state¬
discloses -that the city has
reduced its net debt by more
rent
New
1943, and due Nov. 8, 1943.
First Boston Corp., second
20
the
ination
basic
of indebtedness—v." 157, p.
the Louisville "Times" of
lows:
of
on
Sale—The Merchants Na¬
Note
tional
March
That
issued by the
Co., New
just
study
—
under; the
heading: "A
Analysis of Credit Factors
that
■7
Discussed—In connection with the- program..
refusal of the State Court of Ap¬ in the'offering mature from 1948
peals to approve the county school; to 1955 incl.
board's proposal to fund $35,000
MAINE
is
status
the
' 7
,.;:7
Issued
its present high
amply evidenced
discount,
not sufficiently
to
1034—
credit
Mich.
Analysis
merits
of Boston, at 0.40%
increasing the net debt.
More¬
plus a premium of $7„
over, the city's share of relief ex¬
Due Nov. 24, 1943.
The Second
penditures
has
been
financed
National
Bank
of
Boston, next
without issuing bonds, an accom¬
highest bidder,, named a rate of
plishment noteworthy in itself. ;
0.40%-, plus $4.
-.7:;/';7' ;"77!J:!7
In making available copies of
Middlesex County (P. O. East
the
analysis, Emil C. Williams,
Cambridge), Mass.
Vice-President
of the Chemical
Bank
tional
view toward
atjustify the proposed
The obligations included
were
tracitve
Nov. 5, 1943. '
on
Detroit,
-v
Although
Retirement
matured
proceeds ; of the
to
and including reinvesting-r the
May 1, 1943, together with inter¬ sale ih 'other tax-exempt munic¬
ipals with longer maturities and
est accrued and unpaid thereon; 7increased yields. .'The
bids re¬
Pendleton County (P. O, Falceived and rejected,
it was re¬
Ruling
&
.
.
have
/:/,
Coolidge
6 for the purchase at dis¬
count
of
$300,000 notes.. Dated
the purpose
the
above-described bonds which shall
Court
Legal opinion of
April
of switching to Treas¬
county for the approval of bonds ury obligations, the ' Retirement
to
refund
that
portion of: the System offered the bonds in its
to
Bank of Boston.
ceive sealed bids until 11
ceases
'
-
various bonds of the State and its
ofiice of the-
War
(EWT)
a.m.
the
for
6
Gray, Best,
Rugg of Boston.
Retirement System Rejects Bids
p.m.'Central
until 9:30
bids
Ropes,
bonds,,
called for pay-;
$26,000.
_
Kpm16, 1943; at 1:00:
April
on
o'clock
.
.
bridge bonds 5s, issue
the
Mass.
v.
I
May 1, 1943.
on
State local finance officer of
tucky
on
revenue
are
May
-
bonds
accrued
1, 1926, that a hearing
at
■
County
April
on
the
to
moneys
O. Benton)?
Approval
held
64,"
Due
Said
being given: to holders
stitution.
IOWA
of
'
ceiVe
Guaranty Bank & Trust
fund. 7/ Payment Co., trustee, Alexandria, for pay¬
ment and redemption, at par plus
the office of the
County (P.
Ky.
Refunding
Notice
on
re-! $500.
1,71943*,: :at'102;
Broadway, New York/ N. Y.
Marshall
taxable property within
.the
a
the
will be made
Bids may
and
hour each day.
of
(P.'! O. Taunton);
■
:0r
7 Note Offering—Ernest' W. Kili oy,
County Treasurer, will re--
Draini
par.'
4s at
Dated- March
Company,;
will
bonds
The
trustee.
suecess
utility
to
amount of
-
Trust
3, 1943.
Dee.
on
•
(P.O. Franklin), La. ]
as-
ann. : gas
Nos. 13
ment-
The
between
Bridge Commission and
Louisville
The
legality of the
determined
Gravity
April
on
v
v
principal amount of $163,000 have
indenture
have
Confon, Mass.
• '
; 1 '
•
!v. Note.Sale—The $150,000 revenue
.Glenmora, La.
■':
;
Bond Call—To-wn Clerk. J. Bol-: notes
offered
March
31
were
ton Phillips states that 5'% semiJ awarded
to
the Merchants Na-;
Payment—Bridge Revenue
trust
$100,006
to
by the Town Treasurer for the
Bristol
purchased ; by- the
Mary.;:Bank & Trust Co. of
St.
Louisville
A
said
purchase of $50,000 revenue notes..
have tbeen
■Z0' Louisville," Ky. "/."v./ • .///i Franklin/
Bridge Revenue Bonds ^Called
been called by lot
—
is
be received until 16 a.m.
1
date called.
on
for.': sale -without
bonds,
loan
Bonds Sold—It is stated by the;
28
Chemical Bank & Trust Company-,
.be
Interest ceases
df
Co.
Trust
MICHIGAN
the/ city
Brief-
purchase at
discount of $125,000 tuberculosis
Secretary' of the Board of Com-! hospital maintenance notes, dated
misSioners that the $11,000 semiApril 7, 1943, and payable April;
ah,n. improvement bonds offered 7, 1944, at the National Shawmut
$65,000 airport bonds; - £*3
2\k %\ refunding
issue
an
LOUISIANA
on
of procuring funds to be
a like amount of
general obligations maturing May
1, 1943, as provided by General
Ordinance No. 7-1943.
bonds of
Due
:
and accrued interest out
purpose
funding
awarded
was
Chemical Bank & Trust
Bridgewater, Mass.
7 Note Offering—Sealed bids will
5
;
KENTUCKY
For
Temporary; Loan
temporary
eipal and-'interest at the First Na-:
tiohal; Bank, .Somerset, Ky.
March 29 the voters authorized an
issue of
Due
29, 1943.
in
Amesbury, Mass.
.,s
and
Street
at 0/33% discount, plus
premium of $2.
Dated March
York,
called
dated Nov. I,. 193L
Funds will bei
available
for " payment of prin-i
'
election
7"'
MASSACHUSETTS
Z".'j
.
Bayott iCypremort
livery at the interest rate named
in the bid, will be considered. The
bonds are being
issued for the
'used in paying
.
Drst. No. I
an
law, it will be effective1
1, 1943.'.
that the
sehooi
City, Iowa
Bonds Voted—At
becomes
If the bill
before April 1, 1943,. of an issue
fbeen awarded the First & Ocean
dated- April 1, 1929;
Funds will National -Bank of Newburyport..
be available for payment of prin¬
at 0.44%, plus a premium of $6.
cipal and interest at the Central Due on Nov.
5, 1943.
Hanover Bank & Trust Co., New
building improvement bonds.
////-i Webster
a-
the State
would!
Voters
or
■
issue of $7,000
an
Co..
Works
Clerk
were
26
March
on
Boston,
June
>
Z All .funding bonds maturing on
refunding
March
on
Approved—At '"an elecs
March 26 the voters-auJ
thorized
bonds
following .5%
/;ZtfZ. V'4District,' Iowa ■ ;>,/\ - 7771 -.j
tion
revenue
to
Water
(P. O. Somerset)i
Ky.•. -•
Bonds } Called -t- County
1
v
.Cor payment on April 1.
Somers Consolidated School V/J
Bonds
may
Mass.
$500,000 issue of
notes was offered for sale
Worcester,
Delegates- by members
County, the city would;
be empowered
to purchase the
water
system - of ; the Maryland!
light
0.443%.
at
15, 1943.
Notes Sold—A
Pro-
the provisions
of
introduced in the
531,
Corp.,
Dec.
on
House- of
schemes
Orrie P.-Hamilton states
as
to
No.
Boston
First
Due
of Carroll-
the
money-raising.
V.; v-v;■■
;
0.75s, at a price
of 100.01, a basis of about.0.748% j
Dated May 1,-1943//'Due on May;
Des
with * similar
Bill
^
public servants who
toying
Ptdaskr County
p. 936—were awarded
Halsey, Stuart & Co.y
inc., of Chicago, and the-Central
National
Bank &
Trust Co. of
computing
premium
•
sale-
red
a
pcsecL-r-Uhder
to a
'
■
to
city,
their maturities and deducting
therefrom
for
as
Westminster; Md.
System Purchase
Water
rate not to exceed 3%.
157,
•the total interest on all the bonds
to
road
primary
bonds
serve
November, 1942.)
There could
be-required to authorize a bond
be no more appropriate time
toj issue of- not to exceed
$306",000 toprotect f local communities from
;777;"finance
the
purchase.
Interest
unauthorized public debt.'/v
I
Credit
$250,000 - semi-i
Sale—The
Bond
offers* the
who
for-'
Lyon County (P." Gh Rock Rapids
Iowa
Z
J The bonds will be awarded to the
ihis?
be
sey/Stuart & Co.r Inc., of Chicago/
and the Central National Bank
Trust; Co. of Des Moines;; as; Is)
at a price of. 101.092; a basis" of
about 0.815%... Dated May .1, 1943;
Due on May-1 in 1948 to 1950.
26—v.
*
to other
jointly -to Hal-.
938—were awarded
should
ease
25—v. 457,-. p1
March
on
jointly
INDIANA
the voters in
recourse to the board members or
s)»?;.'«..'>_v
:#r*V'- >*:
Z':0Z:' CherokeeCounty. ; ,. / //' Must they resign themselves
*7 (P. O. Cherokee)Z Iowa 7vt
loss?:'0Z^y-■
Bond Sale—The $500,000 semi4
•]."Whatever the outcome,
bonds; auction,
the Illinois Legisla¬
;Passage by
ture
hospital
$62,000
'•"
V1 .'-'7
"
price
ar
ann; /
March 23 the voters authorized an,
"issue
made
good?
Since the bonds ob¬
0f -.lOl.O835,' ar
basis of about 0.82%.; Due on May: viously can't be paid out of pub¬
lic funds, do the bondholders have
1 in 1948 to, 1950.
•„;•%
at
'Is,
as
THE COMMERCIALS
1228
FINANCIAL CHRONICLE
Savings Bank, non-interest bear¬ should be presented for payment edness of 1937-, Nos. 1 to 10 incl.,
the
payingf agent specified No. 14, Nos. 16 to 21. incl., and
ing certificates of indebtedness, to
Nos. 42 and 43,"
;
•
'
"
"
*
•' *■
due Feb. 1, 1943, outstanding in therein.
J";;
the amount of $13,035.
Monroe County (P. O. Monroe),
;
Ypsilanti,- Mich;
v
Bonds Not Sold—The $134,000
Mich.
Hillsdale, Mich.
; "
Bond Call—It is stated that F.
L. Hughes,
City Clerk, has called for pay¬ E. Gillespie, Clerk of the Board
ment on May 1, 1943, at par and of County
Road Commissioners,
accrued interest, at the Hillsdale is calling for payment at; par and
State Savings Bank, $20,000 2%
interest, at the County Treas¬
electric light bonds, dated May 1, urer's office, or' at the Monrde
1938, and consisting of Nos. 51 to State Savings Bank, on May 1,
60, due May 1, 1944, and 61 to 70, certain highway imp't refunding
Bond
due
bonds of various road
May 1, 1945.
Park, Mich.
Invited
Lincoln
<
Tenders
Certificate
—
City Clerk John M. O'Connor will
receive sealed tenders of 1935 cer¬
>
000
as
-
all
bids
City
Holmes
states
will
the
be
1962.
that
All
incl. and
$20,optional
from date
bonds
years
.
.
these
1, 1943.
for
sale
.,
Reno
March
20, in commenting
of the 41st
"State,. Journal"
in
on
the
of
the
session
follows:
with
Legislature, working
Governor, reduced the
the
State's
tax rate by; 11 cents for
the next two years; it made
pro¬
vision for a modest post-war fund
MINNESOTA
v
Min h esota (State
of)
which can be easily- supplemented;
Municipal Interest Measures—;
Michigan Corp., H. V.
by a bond issue if necessary; it
The following/two new: laws are
until 8 p.m.
Sattley & Co., Crouse,- Bennett,
directed
the wiping ; out of the
of
interest
in
municipal bond State's bonded
This call for tenders is made in Smith &
Co., McDonald, Moore &
debt of $614,000
circles L :■ ///: .;/■ v-/;•
■
accordance with the provisions of
Hayes, and William C. Roney &
by using, surplus funds .in the
S. ;F. 181, by Messrs. Dahlquist •
the
refunding plan which pro¬ Co., all of Detroit, was awarded
State treasury; it set in motion
Larson and Bridgeman,; An emer-:
vides for a call to be made when the
a
$250,000 series I refunding
far-reaching program to divorce
the
following sums are in the bonds of 1943 offered March 29— gency measure permitting a coun-/ the State's charitable
institutions
ty board to apply all or part of
various Sinking Funds:
v. 157, p. 1130. .iThe bankers
from
pur-;
politics
by
placing
the
its State road and bridge fund
chased the bonds at a price of par
Series
A, to the amount of
Orphan's Home under the super¬
allotment
to
payment
of; road vision of
the State Welfare Board;
plus a premium of :$1, a net in¬
$10,000.
' *
" '
/' ?
bonds and interest.
;
Series
it created a State police
C, to the. amount, of terest cost of about 3.48%, as fol¬
system
H. F.. 666, 667 and 668, dealing
lows: $30,000, due $5,000 each on
$5,000.
be
beneficial
in
with the investments of the State which, should
Series
D, to the amount of Nov. 1 from 1944 to 1949 incl., to
many ways and it approved ade¬
Board; of Investment which au¬
bear 2V2% interest;
$2,000.
quate retirement bills for public
$220,000, due thorize the Board to invest
funds
school
and
Each; series should be made on $10,000 from 1950 to 1959 incl. in bonds - of
university teachers.
municipalities in
and $15,000 from
a separate tender and should fully
Whether the bill amending the
1960 to 1967
Minnesota earning 2%
interests
describe the securities offered, in¬ incl., to bear 3% interest to ;May
Old-Age Retirement Act and set¬
and running for a period of from
cluding certificate numbers, their 1, 1945; 2 V2 % thereafter to Nov.
ting a $40 minimum for old-age
one to 30 years.
:
|. pensions will work out satisfac¬
par values, price quoted at and
1, 1947; 3V2 % thereafter to Nov.
the amount for which they will 1, 1952, and 4 % thereafter to ma¬
St. Paul, Minn.
torily remains to be seen, but
be sold to the city.
Secondary Sale—The Bankers there was nothing wrong with the
turity.
of
tificates
Series
indebtedness,
A, C and D,
dated May 1, 1937,
(EWT), on April 12.
Bond: Sale—A group
composed
of First of
•
.
■
,
,
Lincoln Park School District
(P. O.
Lincoln
Park), Mich.
v:
Bond Sale—The $250,000 series
I coupon refunding bonds of 1943
offered March 30—V. 157, p. 1131
awarded
—were
B. J. Van In-
to
& Co., New York, and Miller,
Kenower & Co., Detroit, jointly,
on
a
bid of 100.004, based on a
net interest cost of about 3.56%.
gen
The
bonds
dated
are
April
Royal
Oak
School
Trust Co.
District
riman
that rib tenders
from
1
turity.
U
1944
to
1964
were
received.
Royal Oak Township (P* O. Hazel
Park), Mich.
Secretary
ment
are being called for
pay¬
May 1 at par and accrued
on
interest:
.
Dated Nov.
1965.
the Detroit
Trust
for payment.
'
,,
delivered
Co., Detroit,
■}
County (P. O. Mount
Clemens), Mich.
Call—The
of Road
County Board
Commissioners
is calling
May 1, at the
County Treasurer's office, various
highway refunding, bonds, county
portion, township portion and dis¬
trict portion and combined por¬
tion, aggregating $121,000, dated
for
payment
Oct. 1,
1934.
Interest
senting
yice
on
1939 and 1940, and May 1,
must
coupons
these
company
bonds
ac¬
when
pre¬
payment
for
same
and
versa.
any one or
Fund
The
State
will
receive
office
Offers
Pending—-The
said
to
of i D.
sealed
Hale
Treasurer, until 2
bids
Board
at
Brake.
the
State
(CWT) on
April 6 for the purchase of various
p.m.
Michigan municipals held in the
sinking funds of the board.
In
connection with
the
State
all
purchasers
the call for
Treasurer
advises
the
at
bids,
that
previous
sale
expressly waived the 60-day
waiting
period.
The
principal
blocks
of
current
bonds
offering
included
and. after
on
April 1,
cipal and
or
at the
troit.
submitted at the
request of
Township Board of Education.
The bill will allow boards of edu¬
cation
to
whose
sembly.
in
the
Assessment
Called
District
Payment—Lloyd B.
Reid, State Highway Commission¬
er,
has issued
a
call
for
Interest
computed
to
on
the
bonds
issued
pursuant
to
the
1933,
Ordinance
No.
as
aggregating
$93,000.
The
38,
as
amended.
unqualified
legal opinion of the
purchaser's
attorney,
approving
the legality of the bonds]
The
cost of the
opinion shall be paid
by the purchaser.
The cost of
the printing of the bonds shall
be paid by the
township. Rate of
Warren
Township School District
Bond Call—Ernest H.
Schoense,
Secretary of the School Board,
calls for payment on
accrued
Also
called for payment on
May
1, 1943, at the Detroit Trust Co.,
will
bonds
into
refund
about
.
new
.refunding bonds
carrying 4% interest, thus saving
$20,000 over the life of the bonds.
A State law
permitting refund¬
by boards -of education ex¬
pired Dec. 31, 1942, and Senator
ing
Thomas A.; Mathis was]^petitioned
to introduce another measure
bodying the
Voorhees
same
em¬
principles.
Township, Camden
County, N. J.
Bond
Call—William Fitzgerald,
Township Clerk, announces that
refunding bonds of 1939, Nos. 82
to 86, have been called for
pay¬
June 1,1943.
on
bill
reduce
to
the
in
the
the
city's
estimated
$74
$1,000
1943
of
as¬
bonds
together
Funds will
with
thereon accrued
Holders
bonds
are
to
interest
June
requested
1,
to
for payment to
1943.
present
said bank,
together with, in case of coupon
bonds, the June 1, 1943, and all
subsequent coupons attached. In¬
to head off
essary
tax
rate
caused
•
cupying
nec¬
confiscatory
by the Army oca
beachfront
hotels
and
Harrison
(P. O. Harrison), N. Y.
Certificate Sale—The Rye Na¬
tional Bank of Rye: was awarded
March
on
24
der, named
outstanding
bonds,
agreed to accept the
refunding issue in exchange
this time.
The
original bonds
and other businesses. He declared
the
administration
city
had
rate and that
the only salvation.
ta£
avoid
conforms
with
the
city's
All
legislation
is
up
the customary
against uncollected taxes.
interest would be
Farley declared,
could
be
cut
withholding
ments
but
about
and
paid,
the
budget
by
fund pay¬
serve."
the
re¬
Clifton, N. J.
Buys Own Bonds—John Franz,
Fremont, Neb.
City Treasurer, purchased recently
J. B. Hanauer & Co.,
The City Council is said to be through
contemplating
the
issuance - of Newark, $125,000 of the city's out¬
standing 3%% general refunding
$166,000 ' 1%% refunding bonds,
bonds of 1961 for a premium of
possibly in May.
$26,336.
Kearney School District
New Jersey (State of)
(P. O. Kearney), Neb.
School District Refunding Bond
Bonds Sold—An issue of $100,Extension Passed—It is reported
000
1 lk %
semi-ann.
refunding
that Chapter 91, Laws of 1943, ex¬
bonds is said to have been sold
tends to Dec. 31, 1944, the time for
recently.
Due $10,000 on April 1
in 1945 to 1954; optional after the refunding school district bonds.
Issuance
Contemplated—
-
first five years.
Bond Sale Details—The
water
revenue
of
Omaha,
Grove, N. J.
Election —At
a
special
Penns
Bond
Plattsmouth, Neb.
bonds
First
the
jointly,
April 6 the voters will
consider an issue of $12,000 bonds
election
$225,000
recently
Trust
National
Co.
Co.
23As, at
to
on
complete conversion of school
mature
from
offered for
price of 99.555—V.
a
157, p. im¬
July 1, as follows: $10,000
1945 to 1957 incl.;
$15,000
sale
on
interest, plus a premium
Certificates mature in
$1.50.
three months.
The First National
of 0.92%,
a rate
•
Long Beach, N. Y.
Bond
Issuance
March 26—v.
Bill
Pending—
The Senate is said to have passed
and
sent
to the
Assembly the
Duryea
above
bill
to
authorize
the
city to issue not to exceed
$350,000 bonds for the purpose of
funding judgments against the
city, and providing for the pay¬
ment of principal and interest on
said
bonds.
(S.
Printed No.
Int.
1951.)
Mamaroneck
No.
-
1319,
•
(P. O. Mamaroneck),
N.
Y.
Certificates Sold—The First Na¬
tional Bank of Mount Vernon
awarded
March 24
on
was
issue of
an
$78,000 certificates of indebtedness
at
0.70%
interest.
of
Boston,
named
New
Bond
157,
second
three
high
bidder/,
Rochelle, N. Y.
Sale
—
The
aggregating
for
fered
in
rate of 0.73%.
a
bonds
Due
The First National Bank
months.
sale
on
semi-annual
$478,000,
March
of¬
30—v.
1131—were awarded to
p.
syndicate
composed
.
of
C.
a
F.
Childs
&
& Co., Francis i;I. DuPont
Co., Mackey, Dunn & Co., Sher¬
Co., and Newburger, Loeb
Co., all of New York, at a price
wood &
&
of
100.001,
about
a
1.66%,
net
on
interest cost of
the bonds
as
fol¬
lows:
$420,000 refunding bonds as 1.60s.
Due $30,000
on April
1 in
plant from oil to coal.
Riverdale, N. J.
Bond Sale — The $7,500 semiann.
sidewalk assessment bonds
as
$76,-
Bank of Boston, second high bid¬
.
-
general "debt free" date.
Bond
at 0.90%
$900,000
sinking ;
passing up
of
re¬
setting
bond
issue
an
771.05 certificates of indebtedness
duced its operating costs $175,000,
but had no control over the high
reserve
May 1, 1943, awarded to the
interest, var¬ of Lincoln and
refunding bonds of 1941.
Education
$125,000 5% Barnegat high school
issued in 1939, are not
until May 1, 1944, the
No. 2, Mich.
sequent interest coupons attached,
Detroit, are certificates of indebt¬
a
inten¬
"Farley declared the bill is
were
which
pro¬
Bids shall be conditioned
upon the
ious
-bonds, with May 1, 1943, and sub¬
;
from
of
advantage to the city. Of the
$74,000 bonds just issued, the first
$40,000 bear 1%% interest, the
next $30,000 are
1 % % and the
final $4,000 are 1 %•%■.' 1" The
last]
maturity is to be May 1, 1952,
pay¬
amended, and
v
of
no
visions of Act No. 94 of the Pub¬
lic Acts of
highway
refunding
rate
refunding of this amount offered
solely from the revenues of
Township
Trailer
Coach
at par and
improvement
introduce
to
Senator
his
total
Housing Facility, and the bonds
are
Union
the
at
;•
are
J-];v:;
,
refinancing is permitted,
Township (N. J.) Board oi
of
new
maturity
dates in determining the interest
cost.
The principal of said bonds
redemp¬
tion
on
May
1,
1943, at par
and accrued
interest, of various¬
ly numbered assessment district
bonds
State
"Details, of Farley's bill are still
$94,000, but $10,000 mature
on
May 1, 1943 and an equal being worked out, but he declared
amount on May 1, 1944.
As the the principal effect would be to
mium will not be considered as
latter block draw the present in¬ defer principal payments on bonds
deductible in determining the net
terest rate to the optional date, to the city sinking fund and to
interest cost.
Bonds
For
issue
bond house
bid
obligations of interest to be in
multiples of V4
the cities of East
Detroit, Lincoln of 1%. Enclose a
certified check
Park and Melvindale.
for $500, payable to the
township.
are
—
recently stated
of
callable
De¬
produces the
lowes't interest cost to the town¬
be
indebt¬
If the
which
ship after deducting the premium
offered, if any. Interest on pre¬
will
bonded
over
a
longer period of
time at lower interest rates.: The
bill, S. 91, was to have; been acted
upon
on ;March .!
15by the As¬
though
1945,
Award will be made to the
bidder
refund
edness
Greenway & Co. of using Atlantic City as a training
station.
He said city ratables had
Omaha, to refund $74,000 2 *4%
been cut nearly $11,000,000 be¬
general obligation!" bonds with a
cause the Army post exchanges
new
issue bearing interest rates
had depreciated values of stores
of 1%%, 1%% and iy2%.
Al¬
offer
Prin¬
of
Payments
per
sessed valuation? to
Dis'
is
been
ment
—
Township Treasurer
National Bank
School
Senate
passed, under sus¬
pension of rules, a bill which had
deposited prior to that date
NEW JERSEY
with
the
Haddonfield; National
Atlantic City, N. /.
Bank, Haddonfield, with which to
Would
Suspend Sinking pay the principal - amount of said
figure
NEBRASKA
interest payable at the
office of the
tax
State
have
be
Legislature
Columbus, Neb.
Refunding Bonds Sold The
City Council recently accepted the
interest payment
at par and accrued interest.
able
Bonds—
Administrative
more
Separate
Sold-^-An
$2,500
to redemption prior to
maturity in inverse numerical or¬
der ori 30 days' public notice at
the option of the
township, on
and the interest thereon
'Michigan (State of)
Sinking
follows:
in 1945 to 1950, $2,000 in 1951 and
1952 and $1,500 in 1953 and 1954.
dates
Macomb
Bond
as
Cou¬
1,1935. Due Nov, 1, Subject
vr,
bonds should be
Said
to
,
April 1,
tion
March 1 in 1944
on
$59.60, or ap¬
terest ceases on date called.
$15,- proximately the same rate as in
Mr. Farley was quoted as
000 street repair bonds was pur¬ 1942.
NEW YORK
chased recently by the Bank of saying he had been assured of
Greenwood, as Is.
Dated March Senate approval of the measure
Canisteo, N. Y.
Bonds Defeated—At an election
1, 1943.
Legality ; approved by and anticipated Assembly concur¬
Charles
&
Trauernicht • of
Regarding the subject, a held on March 16 the voters re¬
St. rence.
Trenton dispatch to the Newark jected
Louis.
the
issuance
of
$15,000
"Evening News" of March 30 said: Hood control bonds, it is reported.
interest trailer-coach housing
revenue
bonds.
Dated
Due
■
trict, Miss
Bonds
facility
Rbymond E. North states that the April 1, 1943. Interest A-O.
following 1935 refunding, Series pon,. in denqms. of $500.
A bonds
gesture."
MISSISSIPPI
Greenwood
on
6%
Call—District
and Har-
'
incl.
■
.
'Bond
York
„
1,
Bond
Offering — Theodore R.
Nov.
They Bradford, Township Clerk, / will
bear 3% interest to Nov. 1,
1947, receive sealed; bids until <10 a.m.
31/2% thereafter to Nov 1, 1950, (EWT) on April 17 for the pur¬
and 4% thereafter to final ma¬ chase of
$22,000 not to exceed
1943, and mature serially
of New
Ripley
&, Co., Inc., New
York, acting- jointly,, purchased;
No Tenders—In connection with
from the •' Metropolitan Life / In-]
the call for tenders on March 25
surance
Co.
of New, York,
on
Bill
of 1935 refunding, Series A
bonds, March
25, a block of $25.8,000 Fund
dated Oct. 1, 1935, it is stated
by 4V4%
city bonds, due from 1947
A. C. Dunham, District
Farley
Secretary, to 1954 incl.
(P. O. Royal Oak), Mich.
Due
."
Township School District
(P. O. Union Township), N. J.
School
Bond
Refunding Bill
,
■
a
the
"The 1943
•
price of 100.14,
a
Union
of
Legislature. which adjourned the
previous day, stated in part as
bonds
2.40s, paying
r
Nevada (State of)
Arranges for Debt Liquidation
.
p. 1036—were awarded to J.
Hanauer & Co. of
Newark, as
to 1950 incl.
results
un-i
Harvey, C.
157,
B.
basis of about 2.36%. Dated March
NEVADA
June 16 in 1943 to
on
1962
—The
future;; Dated June 16;
Due
.
Clerk
re-advertised
near
1942.
returned
were
opened.
to
1963.
after five
of issue.
March 29—
on
1958
in
or
semi-ann.
V. 157, p. 1131—were not awarded,
;
Roseville, Mich,
;
2 y2%
scheduled for sale
districts, dated March 1, 1939, and
maturing on May 1, in 1944 to
1948, aggregating $84,000.
J
exceed
hospital, general obligation bonds
assessment
■V./
to
not
Call—Ralph
'
from
on
■
>
; Monday, April 5, 1943
k
1949 to
bonds
1;
-v:
•
1962 incl.
municipal
58,000
as
$15,000
and
4s.
in
improvement
Due
on
April
to
1946,
1944
$13,000 in 1947.
:]
\
Volume 157
THE COMMERCIAL
N umber 4165
The
turns.
York, N. Y.
Awards-The
New
measure,
new
acting
bidder
given in full text herewith:
Fund
Sinking
nated
.
ChaseNational Bank of New York
alone, was the successful
for the $10,660,000 New
York City 3% assessment bonds
sale
for
offered
on
March
LAWS
31—
prices to yield from 0.60% to
1.75%, according to maturity. The
bonds are due serially from 1944
C. J.y.Devine & Co.,
which bid a price of
104.223, while Gbldman, Sachs &
Co., New York, was third in line,
with
an
the
and
in
and
;
tax law,
of
health insurance
relation
to
schools
with respect to
personal incomes
-/y
•"
taxes upon and
y/
injuries
the
offer of 104.205.
,
law February
a
'
proposed 1943-44 budget of $753,-
'
Mayor's rtiessage disclosed; nineteen hundred nine, entitled,
city
employees, including "An act in relation to taxation,
transit workers; earning up to
constituting chapter sixty of. the
$2,500 a year, will receive on July consolidated
laws,"
such -para¬
1, $11,000,000 in salary increases graph
having ; been
added
by
($8,000,000 from the budget" and chapter nine hundred thirteen of
$3,000,000 from transportation rev¬ the laws of nineteen hundred
enues), ranging from $120 to $180 forty-one, is .hereby renumbered
a year apiece, in addition to any fourteen.
;
' 1
previous increases and to/ what¬
Sec. 2. Section three hundred
ever salary
increments to ; which
sixty of such chapter, such sec¬
they are entitled by law.
:
r > tion
having been added by chap¬
:
Regarding real estate taxation, ter six hundred twenty-seven of
the Mayor revealed that unless
the
laws
of
nineteen
hundred
the Legislature holds a / special
nineteen, is hereby amended by
session and votes New York new
adding : thereto two new parataxing power, the real estate tax ;
graphs, to, follow paragraph numrate will jump from $2.79 to $2.94
| bered fourteen, to be numbered
or $2.95 or "a point or two high¬
fifteen and sixteen, and to read,
er."
The highest tax rate in the
respectively, as follows: "
;
history of New York was $2.84
15. Except as hereinafter lim¬
in
1940-41.
If
the Legislature
ited, expenses paid or incurred
does give the city power to raise
during the taxable year, not com¬
at least $36,000,000 through an in¬
pensated
for
by
insurance
or
creased sales tax or other levies,
otherwise, for medical care of the
the Mayor said, the tax rate can
taxpayer,, his spouse, or a de¬
be reduced to $2.70, lowest since
pendent of the taxpayer, as de¬
The
1937.
fined
Mayor LaGuardia intimated that
Legislature's failure to give
the city new taxing powers at the
regular session recently concluded
may have been a deliberate at¬
tempt "to bring about a collapse
of city finances and additional dis¬
"The
estate
in
order
in
paragraph
three
tion
the
real
hundred c
enacted
hundred
two ; of seer
sixty-two of
to
State
2.
have
our
difficult.
situation increasingly
"Under -any
kind of an
administration
the
Legislature
would have wrecked the city fi¬
nancially.
The last spectacle of
the State Legislature in refusing
the city authority to raise addi¬
tional taxes places an unfair and
To
estate.
some
without
the
year
case
An
son
Chairman of
announces
be
the
sealed
Authority,bids
-
-
(State of)
Allowing Tax
.
Text of New Law
Deductions for Medical
Expenses
Life Insurance Premiums—
previously: reported in these
columns, the State income tax law
Was amended at the. recent session
of the legislature to provide for;
various,,
additional
deductions
and
.
As
\vith respect to individual tax re¬
an
approved
school
'
or
""
immediately,
and
shall
apply
to
returns for any taxable year com¬
mencing
on or
after January first,
sive
of
tional
the
debt
indebtedness
interest
on
all
limited
to
1%
debts,
of
office has ' developed -and
which it has started to work
own
and
which
search
will
embrace
department,
a
re¬
stream¬
lined method of examining end
auditing municipal accounts and a
be
would
the
standing Com¬
new
be submitted, and the com¬
prehensive
program
which his
educa¬
for
a
after
upon
in addition to
the principal and
providing for
creation of
mittee of the Assembly; to which
all local finance bills must here^'
exclu¬
limit,
purposes,
average
consultant
semce
a
_
to aid munici¬
who
may
files
a
the
*
Premiums
■
paid
received
bill
a
—
adjournment the Legis¬
to
for consider¬
the Public
amend
ties, cities, villages and towns to
Authorities/ LaW, in relation to
the Niagara Frontier Bridge Com-'
mission, generally,
changing its
name to Niagara Frontier Author¬
ity, authorizing this Authority to
issue
not
to
exceed
$20,000,000
establish
bonds
Commission
nance:/
"This
repair
bill
would
capital
stabilization
Fi¬
funds,
and
tax
funds
investment
in
only
coun¬
reserve
reserve
the
funds
permit
funds,
reserve
permit
Municipal
on
•
war
and
of
the
or
construction
of
a
bridge in the City
of Buffalo.
such
bonds
for
toll tunnel
until
Rensselaer, N.Y.
Bond Sale—The
coupon or reg¬
\V,/;
istered semi-ann, bonds aggregat¬
"The
general
municipal
law
ing $56,000, offered for sale on
now includes a provision permit¬
March 26—V. 157, p. 1132—were
ting cities, villages and first-class
the National Com¬
towns to establish capital reserve awarded to
funds. This bill would extend the mercial Bank & Trust Co. of Al¬
July 1, 1944.
applicability
of the present pro¬
and
to counties and
all
reserve
authorize, in addition,
funds and tax sta¬
price of 100.005, a net
of about 1.17%, on
bany, at
a
interest
cost
the issues
follows:
as
$31,500 city hall bonds as
Due
funds.
1.20s.
Jan. 1 in 1944 to 1954
bilization
this^fice, and do hereby certify
that the same is a correct tran¬
this period that they have an ex¬
cess of revenue which they can¬
script therefrom and of the whole
!
13,500 public works bonds as Is."
which it appears
Due on July 1 in 1943 to 1946
period to ap¬
;
'
ply to the reduction of taxes.
If //• ;incl.
of said original law.
...
...
.
..THOMAS J. CURRAN,
*
Secretary of State
Effective Date of Local Finance
Law
Postponed
Postponement
of the effective date of the Local
the Commission comments
as
lows upon this postponement:
"While
it
was
originally
tended
Law
that
the
should go
Local
year,
and
Bill
fol¬
in¬
Finance
into operation
July 1 of this
on
and that the
Table
of
Re¬
the effective date of both bills. It
was
to
felt that it would be advisable
give vail, officials
an
additional
in which to study the Local
Finance Law and the proposed
year
amendments
and
repeals
to
all
provisions of law which affected
incurred
affairs.
"Many
not
spend
reserve
municipalities
It. also meant that there
would be another session prior to
the effective date of such laws at
Sec.
find
in
11,000 imp't. bonds
as 1.20s. Due
Jan. 1 in 1944 to 1947 incl.
on
war
latter
than
more
in
be
the
course
were
followed,
position of levying no
yet fac¬
taxes whatever this year,
combined load after the war
(1) purchase of new equip¬
ment, (2) unemployment relief,
and (3) need for capital expendi¬
ing
a
fund pro¬
vided by the bill is to permit any
municipal corporation to appro¬
priate moneys for repairs of its
property and equipment, although
such repair cannot be effected at
the time of such appropriation be¬
cause of the war emergency.
No
expenditure may be made from
such funds except pursuant to a
resolution by the governing body
of such municipal corporation and
rials
are
•
repair
reserve
bonds"
the
$14,000
awarded to.
recently
was
Marine
Trust Co.
of Buffalo
2s, at a price of 100.193.
as
/
Rochester, N. Y.
I
;
Bond Bill Pending—A bill per¬
the above city to issue
$4,150,000 in bonds to enable it
to
take
up
outstanding
notes
which will expire in April and
May is said to have been passed
by the Assembly.
City Comp¬
troller Raymond V. Ellis states
that this legislation is part of; a
general refunding plan involving
$12,000,000. The outstanding notes
were
issued
in
1941, 1942 and
early in 1943.
j
necessary
for
such
certificates
Continue Local Fi¬
;
Y.
Certificate Sale—The $1,000,000
repairs
available."
Bill Would
Utica, N.
mate¬
time when labor and
a
Y.
mitting
"The
at
N.
Bonds Sold—An issue of
of
tures.
.
.
Richmondville,
municipality would
one
fered
of1 indebtedness
for sale
on
March 26
of¬
were
awarded to
the First National
—
Among the bills
Bank of New York, at 0.375%,
action of Gov. Thomas
according
to
City
Comptroller
E. Dewey is the Moffatt Bill to
Thomas J. Nelson.
Dated March
! continue to April 1, 1944, the tem¬
29, 1943. Due on July 29, 1943. ; /
porary State Commission for the
study, codification and revision of
NORTH CAROLINA
;
the laws pertaining to local mu¬
Southport, N. Co
nicipal. finance.
nance
Study
awaiting
-
Comptroller
Reports
on
Mu¬
nicipal Finances—State Comptrol¬
Frank C. Moore, believes the
tion
municipal fiscal situation in the
jsuch chapter, such section having 'repeals if any inaccuracies or in¬
Empire.State, is favorable. Speak¬
been, added by chapter six hun¬ advertences
were disclosed.
In a
ing before a joint meeting of The
dred twenty-seven of the laws of work
as. voluminous, as
this it
Municipal Bond Cluh of New
nineteen
hundred 'nineteen,
is would be most unusual if there,
York, and The Municipal Forum
hereby amended to. read as fol¬ were none,
although we hope that last week, Mr. Moore explained
lows;
the care with which the task was the
application, as of next Jan¬
1, Personal, - living, or - family prosecuted
-has
reduced
such uary, of more restrictive limita¬
to
the
lowest
expenses except* as allowed under; errors
possible tions on the taxing and borrow¬
paragraphs fifteen and sixteen of figure..
ing powers of municipalities set
section three hundred
sixty of j
"The postponement^of the ef¬ jup
in the 1938 ■ Constitutional
this chapter;
.
.
fective" dates, was in/keebbig with I Amendments,, but- asserted
that
.
•
„
the
3.. Paragraph one of sec¬ 'which
changes could be made to ler
three hundred sixty-one of the
prooosed
amendments
and
.
on
incl.
and
unsound in this
,
!
the recommen¬
Temporary State
ation
to
I have compared the preceding
with the original law on file in
sep¬
one
This
on
the
of
repair
•
,
exceeding, in the aggregate,
hundred fifty dollars.
;- - /
Legislature
towns
f
'
deduct only
five per
or
bonds.
war
is understood to have passed
the
_
ex¬
-
lature had
bill
Department of State.
of all other such
case
temporarily in
of law
-
Niagara Frontier Authority
(P. O. Buffalo), No Y.
Legislative Bill Introduced
Prior
vision
>
Affairs.
authorize municipalities to estab¬
lish reserve funds to be invested
hundred forty-two.
State of New Yorkf v
•
nineteen
thems, whether general or special,
during the taxable year with re¬ so
that they, could obtain a com¬
spect to any life insurance or en¬
prehensive picture of the laws that
dowment policy upon the life of
would now govern their fiscal
the taxpayer in an amount not
42nd
New York
/
16.
i
will
at its offices, at 122
St., New York City,
until 1 p.m. (EWT) on April 8
for the purchase
of $2,775,000
notes, dated April 23, 1943, and
payable to bearer on Oct. 22, 1943.
The
offering consists of seven
series, and' series 1; 2 and 3 are
for $500,000 each; series 4, $400,000; 5 and"- 6; $300,000 each; and
$275,000 for series - 7;
at
Sec; 6. This act shall take effect
a
individuals.
received
East
.
that
for
'
is under
ance
family, and not in ex¬
of seven hundred fifty dol¬
lars in
/
Note Offering—Edmond B. But¬
ler,
dollars
-
(other than husband
college.
of such husband and wife.
return
head of
i
City Housing Authority,
-
hundred
/
Omnibus
cess
York
"
Four
eighteen years of age
or is incapable of
self-support be¬
cause mentally or physically de¬
fective or is over eighteen years
of age and is in full time attend¬
when I think of over 350,of their little
homes, where I know every dol¬ not be in excess of fifteen hun¬
lar of additional taxes is a diffi-. dred dollars in the case of the
New
fol¬
as
centum of his net income, com¬
peals would " take effect a day
puted without the benefit of this
paragraph, and the maximum de¬ ;later, the Commission decided that
it would be prudent to postpone
duction for any taxable year shall
000 families, owners
York
is
a
shall not be in
individual
arate
To me,
New
nine-
or wife)
dependent upon and reI ceiving his chief support from the
taxpayer, if such dependent per¬
such expenses as exceed
vision
tragic."
exceeded
dation
each person
of fifteen hundred dollars in
cess
that may seem like good politics.
cult burden to carry, it is
of
thirty-three,
...
taxable
real
on
hundred
.
other
almost unbearable burden
wife who file
and
.
making
re-
Finance Law of 1942, and 1943
joint return
amendments
thereto, to July
2,
may deduct only * such expenses
,1944, was decided upon by the
as exceed five per centum of the
State Municipal Finance Commis¬
aggregate net income of such hus¬
sion and agreed to by the Legisla¬
band and wife, computed without
ture prior to adjournment
the benefit of this paragraph, and
A
memorandum
prepared
by
the maximum deduction for any
City of New York to pay
expenses ; and
seemed. to
taken
special
delight- in
State
-
lows:
chapter.
The term "medical
care," as used in this paragraph,
shall include amounts paid or in¬
speculate."
and
hereby amended to read
this
curred
for the
diagnosis, cure,
mitigation, treatment or preven¬
tion of disease, or for the purpose
of
affecting
any
structure. or
function of the body or for ma¬
ternity cases, (including amounts
twenty-three,
by chapter two hundred
twenty-six i of the laws
I teen
Legislature,"
he
said, "never hesitated, in impos¬ \ paid -for accident; hospitalization
ing additional taxes on the people or health insurance). A husband
Of the
introduced by the Com¬
was
en from a memorandum issued
by
paragraph having been amended
Howard P. Jones, Deputy Comp¬
by chapter five hundred fortyseven
of
the laws of nineteen troller, on a measure which would
,
an
ure
.
that
to
^
Dewey of an Advisory Committee
Municipal Finance and Reve¬
nues (of which the Comptroller is
Chairman);
the new
Constitu¬
on
of the State of New I Sec. 5. Paragraph two of section
assessed valuation of real estate palities to work out special fiscal
York, represented in Senate and i three hundred sixty-two of such
for taxation.
: /'■(/>'
problems. Mr. Moore said that he
Assembly, do enact as follows: //
chapter; such section having been
was searching the country for the
Municipalities
Authorized
to
Section, 1. Paragraph .thirteen 'added
by chapter six hundred
beat available talent for the work
of section three hundred sixty of twenty-seven of the laws of nine¬ Create Special Reserve Funds—
of this new Division of
Munipb5al
The following statements are
t#kchapter sixty-two of the laws of teen hundred nineteen, and such
The People
071,123.40, which is >24,870,835.37
less than the current budget.
up
war
with the approval of
Budget Forecasts 15Point Tax .Rate Increase—Mayor
F. H. LaGuardia submitted to the
Board of Estimate on March 31 a
buy
or sickness, or through
risk insurance act or any
18, 1943, law for the benefit or relief of
the Gov!injured or disabled members of
ernor. Passed, three-fifths
s
the military or naval forces of the
n;;V:;v being present
United States ^'• •;
Became
Mayor's
tress
work-/
mittee on itbles at the request of
pensation for personal injuries or Mr.
Wicks, to amend the general
sickness, plus the amount of any
municipal*law, in relation to the
damages received whether by suit power of cities to
levy taxes on
or agreement on account of such
real.estate. Any city whose debt,
colleges, for purposes of the
or
under
or
men's compensation acts, as com¬
premiums
exemptions
for dependents attending
-
constructive
a
influence upon municipal finances
was the appointment by Governor
the present modes of operation to
fifteen of section three those required by the Local Fi¬
sixty of this chapter in nance Law."
tional
safeguards on borrowing
any prior taxable year, amounts
Tax Limit on Real Estate Pro¬ and taxing; the work of the Mu¬
received
through
accident - or posed—Another legislative meas¬ nicipal Finance Commission; the
agraph
the allowance
insurance
life
keep
or
to & minimum any dislocation at¬
tendant upon the transition from
Among the developments which
he felt would have
hundred
deductions for medical expenses
was
New York,
amend
to
relation to
in
at
to 1948 incl., and were held in the
city's sinking funds. Second high
ACT
of amounts
case
(and not in excess
of) deductions allowed under par¬
chapter 12
,
AN
such result and thus avoid
follows:
as
Except in the
attributable
By Authority
price of 104.5059 for the bonds, a
net interest cost of about 1.41%,
and re-offered them to the public
bidder
e.
YORK.
NEW
OF
amended to read
•
1131. The bank paid a
157, p.
v.
1229
£
by chapter six hundred and that every feasible
effort
twenty-seven of the laws of nine¬ should be made to cooperate with
teen hundred nineteen, is hereby the units of government to assure
added
desig¬
Chapter 12 of Laws of 1943,
was signed by Governor Thomas
E. Dewey on Feb. 18 last and is
'■
^FINANCIAL CHRONICLE
z
Bonds Sold To Federal
Agency
has
—The Federal Works Agency
an issue of $45,000 3%
electric system revenue bonds.
/
purchased
S
.
Bond
Wendell, N.
Call—It
is
reported
by'
Town Clerk arid;
Treasurer/ that all of the follow¬
M. Curtis Todd,
outstanding 4%
semi-ann.;
- aggregating; $88,000,
are
being; called
for payment on;
May; 1:
'
:
;..General Refunding,, to the.
amount.;o£ $50,000,;.due Nov. 1,"
:
/ ;
:
Sec. .4. Paragraph e of section the underlying theme-of thcFCom- iihost'municipalities will not face ,1966.
.three hundred fifty-nine of such frrission .that; the laws which are 'any-serious :problems~as a result I ..Water Refunding, .to.the amount
of $26,000, due Nov. 1, 1966.,
chapter, r such section having. been drafted by1 it should be workable of the revised laws.,
i
..
ing
bonds
.
_
,
-
.
M
1 -L
v
i
rS,
1230
.
THE COMMERCIAL &
Electric
,
Light
of
amount
System
$12,000,
the
to
due
Nov.
Securities
1
Harris
1,
purchased
Bank
1953.
four
Dated Nov. 1, 1936.
Said bonds
be redeemed at par and ac¬
crued
interest at the First Na¬
the
by
included
account
tions totaling
will
tional
Bank
York
of
City,
New
York,
pons
blocks
and
by
all
for payment or,
if detached from
the bonds by the holders thereof,
the usual
Bond
Issuance
Scheduled
for
with
nection
con¬
previous report
decision
recent
Pleas
Judge
of
Robert
P.
Clerk,
that
it
terest, plus a premium of $200.
Farmersville
Rural
School
bonds
purchased by. this; account
$21.8,000
Shaker
Heights
jrr
preme
Mr.
Paulus also
advises^ that
a
-v^The
-pur-
chase
!
law
■
of " forest
lap ds " bedame ,v& 'thd'
March B.
on
■•"
also
Bonds
was
awarded
4% s. and- ; to be; dated July 1, 1£H3, and ma¬
totaling $67,000, and smaller ture semiannually; from...July1,
blocks of other securities.
11944, to Jan, 1, 1959.
•. - •
A
1
,
acsfl^nt
The
of J.
A.
J.
;
PENNSYLVANIA
block
a
of ;$250,000-( Summit Gounty 3Y4S
of 1943-47. : Other awards re¬
$120,000 Akron 4 lis
of 1945-47 to
Bradford
Due
A
&
Co.
of
Nash¬
1, 1945 to 1973;
.(A-O) payable at
the County Treasurer's office.
\
employed for the past 16
the Philadelphia Navy
TEXAS
shperrisoi* and; planner Ballinger Independent
School Dist.
(P. O. Ballihger j^Texds
;
in .tlie- industrial department.
Kilter; claimed
exemption
011
Bonds
the ground he is a non-resident of
Philadelphia; that the Navy Yard
arid
is : a Federal; area excluded from
chased
[■^Although declaring that-there
—
April
on
\
Pennsylvania (State of) r' (
Tublic
Prim and' imt.
Sees Possible Need of Safes Tax
•
were:
C.
*
:•
■
to
ville, for general investment. De¬
nom.
$1,000. Dated Oct. 1, 1941.
years .at
l^ffird
White &
Co.; Cincinnati," obtained
Offered
$263,500 issue of 4%; general re¬
funding bonds is being offered by
-of; $.150,000 not to I exceed Isult
brought by Howard Kilter, of
6% -interest grain elevator bonds,
126 Ruddetow
Ave., Mt. Ephraim.
Akron
Tenn.
■
;cburtl?Ydecision xipholdihg
constitutiphalil^ ^■ the' T%?
"*J "5
7'1
7
TENNESSEE
McNairy County (P. O. Sterner),
issue
block? of
ported
District
.
voters.
levy "was by .a vote of 5 to 2, with
Village School District 4Y>s of
Chief Justice George W;
Maxey
1946-49, $313,000 Shaker Heights Port of The Dalles (P.* Oi The
and Justice' Marion D. Patterson
City. refunding Series D 4Y2S of
Dalles), Ore.
%- £
diSsentirig:
"
". ' - •
*'
"
1943-49, and $258,000 -Shaker 'Bonds Voted—At an election on
The 1^39 city ordinance authorHeights City refunding Series I (March 23 the voters approved an
dzirtg'tlie tax was questioned in a
4s of
three
Note Sale—The Ohio Co. of Co¬
in¬
,
5 %s
lumbus purchased on March 15 an:
notes at 1%
,
1943-47.
appeal can be heard by the Court
of Appeals.
of $250,000
.
:
Court, sitting in Pitts¬
burgh,' dismissed an attack on its
a total of
$1,084,000 of the bill authorizing the State
Forestry 'validity by a Navy Yard worker
securities.
; y;* , •
.
;Board to"> issue $500,000 in .State living, in New
Jersey.
Among the larger blocks of revenue bonds to finance
CThis account
will be several (months before the
issue
'
.
ized in 1933 for a proposed $1,000,000 municipal light plant ex¬
tension, it is now stated by' Helen
City
of
■
group
were
and.could not issue bonds author¬
Howard,
5s
•
w
Common
Duftcan,
which held that the city had ex-r
hausted its
bond issuing ' power
T.
City
.wage lows:. $^35,000 on
April • 1, 1945;
tax, the. Bureau of Municipal Re¬ $65600 <on Jan. 1; 1946, and $100,Oregon (State of)
;f:.
000 on Jan. 1 from 1947 to 1959
search'.reports., Y; -try Y .*;/:
Proposes Loans To Servicemen ■\( vOf j -that Y. sum 1 $53,424,974,
incl. * ' *'
v
or
.Y.;;;;:'';;
—Fred H.. Paulus, Deputy, State
,85.59% of ;tlie total, was collected
Treasurer,
reports v; passage : by tfrom.temployers through payroll: r
SOUTH DAKOTA
both branches of the
*
Legislature deductions,
Receipts from unin¬
of a bill which would
Yankton, S. Dak.
\
empower corporated businesses and profes¬
Bond Offering—Anna M.
to State to provide loans to re¬ sions was
Goetz,
$6,833,786, representing
City
Auditor,
announces
that
turning members of the armed 11,08%. >
forces to enable them, to;
sealed, bids .will be received at;
acquire
JLast .year $24,762,041 • was col¬ Ihe Treasurer's
office until 10 a.m;
homes or farms.
The-State is lected, the greatest
yield of any
on April
; authorized
16 for the purchase of
to ,. issue bonds. up to 'of the three
.years,
3% of Its assessed; valuation to
The rate,of tax was reduced .by $20,000 2% coupon general obli¬
gation airport bonds. Dated Feb.;
provide the necessary funds and the city to
1%, at the start of the
to levy a tax of two mills
1;; 1942., Denont' $500.* Due $4,000
;fo; re- present year.
on Feb.
1 from 1954 to 1958 inch'
;tire the indebtedness.
(The proValidity 0f fTax Again Upheld
Principal and interest (F-A) pay¬
posal
is
for. a
consfitutional
:—Philadelphia's city wage
tax able at
City Treasurer's office.
amendment which is. to be subsurvived another legal battle on
Bonds will be sold at par and ac¬
mitted for. consideration of the
March ' 29; when the State Su¬
crued interest.
chased
that the above city had appealed,
a
Piqua
January 31 under, the. y/2 %
.
Village, SchoolDistrict 4%s of
1945-49, $40,000 Middleton City
School ( District 5 Y4S of 1944-47,,
$126,000
OREGON
Monday;, April 5/1943
1
Not
Hearing—In
our
and
of (Ohio houses, con¬
sisting of Stranahan, Harris &
Company; Inc., Braun, Bosworth
& Co.; Field, Richards &
Co.; and
Ryan, Sutherland. & Co,,, pur¬
,
Appeal
5%
and
.
'
A
ceases
OHIO
Columbus, Ohio
4V2
blocks of $71,000 Eaton
and
1943-49.
called.
date
on
Interest
course.
000;
and
be presented for payment in
of
rates
1945-50; two blocks of Day¬
ton 4 M.»s and 4%.s totaling $105,-
interest payable after May
1, 1943.
Coupons for interest due on that
date may be attached to the bonds
securities
due
for
coupons
Columbus
of
terest
Each bond surrendered must be
accompanied
of
amounting to $80,000, carrying in¬
surrender.
may
Cleveland obliga¬
$170,000, with cou¬
ranging from 414 to 4%%
due variously
1944-47; two
and
New
presentation
on
blocks
FINANCIAL .CHRONICLE
Phelps, Fenn & Co.. ! is no need for the current State j Ibe taxing poiver : :of the munici(P.O. Farmersville, R. R. No. 1),
and. Lowry Sweney,. Inc.; $138,000
Legislature to oonsider a;•■sales j pality^ahd that previous decision?
Ohio
City of Dayton 4%s-of 1943-46 to :
of the high court on the matter
tax, unless an "enormous; emeh
Bonds* Offered
Sealed
bids Ryan,
Sutherland
&
Co.,. and gency*' develops, Governor YEd -• I therefore- did; not cover his case
were received until
noon, April;3,
$126,000 Hamilton City- 4s -of 1945- ward' Martin forecast,
^ Justice James B. Drew, handing
on March'22
by Forrest Bickel, District Clerk, 50 to the- Ohio Company.
the possibility that the 1945 State down the court".s majority opinion,
for the purchase of $11,630 5%
said, it -could
hot
agree
with
legislative session might have To
Riptey, Ohio
serai-ann. refunding bonds.
Dated
Kiker's .contention' that he "reBonds Authorized—The
Village J enact such a- levy for• school IpurMarch 1, 1943.
Due $415 on May.
poses.
"
;
Y | ceiyes'.'. no, (benefits or protection
Council is aaid to" have
passed
and Nov. 1 in 1944, and $600 on
|from the city.recently an ordinance calling for (Governor Martin-suggested that
May and Nov. 1 in -1945 to 1953
:
YAssistant^^Cify; Solicitor Abra¬
a
$7,500 issue of not to exceed it might • be "a .good idea"" if ;a
incl.
ham Wemlck said that the cur¬
4% semi^ann. real estate purchase legislative committee undertook a
rent decision
the State 'Su¬
bonds
for
LaGrange, Ohio
study of* the sales tax for future
cemetery
purposes.
preme Court ~ completes Hie tesl
y Bond
Sale —Th e
$10,644.51- Dated March 1, 1943.
Due $500 (reference.
J.
of every legal; phase of the
street
wage
improvement
special on Sept. 1, 1944 to 1958 incl.
"If might be wise/' he
declared, : tax,, and that he did not believe
assessment
bonds offered March
\ "t0 support the entire school sys¬ } anyr further ..action was contemTiltonvifle, Ohio
29—v. 157, p. 1037—were awarded
Of; course; I plated.
Bond Sale—The $5,836.27 semi- tem by a sales. tax.
:i
to the Ohio Co. of Columbus, as
that would be accompanied
airm street assessment bonds
-by ; a ; YHqwever,-counsel, for ; Kiker
of-;
2J/-iS, at a price of 100.939, a basis
i fered
for sale on March 26—v. 11^-nemoving all school taxes * on isaid that he and his associates -are
of
Sold—It is reported that
$20,000* 2% %
semi-annbuilding
improvement bonds
were
pur¬
recently by R. A. Under¬
wood & Co. of Dallas. Dated Nov.
1, 1942.
V
,
;
.
reported that the bonds were
sold at a price »of
10021, a net in¬
terest cost of about
2.91%, divided
$10,000 as 2%s, due
$1,000 from Oct. 10, 1942 to 1951,
the remaining $10,000 as
3s, due
$1,000 from Oct. 10, 1952 to 1961.
Callahan County Road Disis No. J
-
-
157, p.
1037—were purchased by
-Peoples Bank of Tiltonville,
the only bidder, as 3 Yi
s, at par.
Dated Dec. 1, 1942.
Due on June
.
^'
L Rue, Ohio
/"''I
Bond O f f
I
e r
received until
were
.'
g—Sealed bids
n
noon
on
semi-ann.
1943.
1944
bonds
held
to
1953
March
be
inch
at
on
1,
These
funding
election
an
received
until 2 p.m.
(EWT),
April 12, by B. M. Hillyer,
City Auditor, for the purchase -of
$72,000 general improvement re¬
ap¬
May
May and Nov.
voted
were
on
and
Dated
Due $200 en
in
J
fire truck
bonds.
paratus
Warden, Ohio:
Offering—Sealed bids will
Band
not
9.
to
bonds.
exceed
Interest
is.
rate
4%, payable A-O.
Dated
Mechanicsburg, Ohio
Bonds
Called
for
Payment—
First mortgage waterworks reve¬
nue
4%
bonds
in
$65,000, dated
called
for
1943, at
the
1,
amount
1936,
of
were
payment
on
April 1,
and accrued interest.
par
Holders
the
Oct.
were
advised to
present
bonds, together- with all
un¬
'
April 1, 1943.
Denom.
$1,000. Due $6,000 April and Oct.
1, 1944; $7,000 April and Oct.
Oct. 1, 1945 and 1946, and
$8,000
April and Oct. 1, 1947 and 1948.
Rate of interest to be in; multi¬
of
ples
Enclose
of the
Bonds
Boston, Ohio
Authorized—City Audi-;
E. McCoy reports that
State Board
of
Taxation
has
Ohio
Retirement
(State -of)
System
$4,-
Retirement
System,
reports
check for
1, 1943.
-of
various
Ohio
municipal
March 26.
An account headed by the Har¬
ris Trust &
Savings Bank <of Chi¬
entered
eleven
items
the
high
totaling
bids
on
cigarettes,
the
Martin
same
time,
Election—At
April
a
'and
6 Fne
tion
voters
proposed
purchase
will
con¬
issue of $30,000
bonds
in
with construction
connec¬
of
an
port project to cost $400,000.
.
v
on
Election—At
April
isked
bond
to
13
isues:
$15,000
$5,000
the
voters
approve
for teachers without any n-ew" tax•ation.
One
.proposal
calls - for
the
will
be
following
$30,000
.sewage plant,
improvement and
for fire department
each
sewage system re¬
mies
in
certain
and .the
school
transfer
of
thorized by the voters at
National Bank of Columbus.
tion
000 land
on
purchase bonds
March 29.
$125,-
was
an
au¬
elec¬
of
of' the
corporate
an
net
income
fax
additional $20.,000,000.*
in
been
which would
net
This
would
would
pay thev
require
in
State
districts to
direct
cost
procedural
about.
the
the
tax
to
$20,000,000
base
collect
of ihe
so
its
that
• /
Wage
rev¬
157,
the
p.
City
943—
Bank
State
before
would
Federal
deducted:
$61,699,995
'
confirmed; in
the
U.
S.
District
Court for
system revenue refunding bonds
dated Nov. 1, 1941, on- or. before.
7,
rants
and
All
1943.
bonds;
war¬
not so ex¬
changed on br before April 7,1943,.
;
coupons
rate ©f 0.50
i"
v
V.
;-. •
,
plus $1,6 premium.
-'Y''-'
j.sv
!
••
-J
." .y
pon
the
Co.,
Chemical
Blyth
&
Bank
&
on
Trust
Co,,
Lyons. &
Shafto,
Y Dated
said
April
warrants
purpose
and-in
..r*
15,
are
1942.
issued
of refunding,
lieu
of
a
All
for
of
.the'-
cancelling
like
amount -of
outstanding indebtedness.
Lower
of
.Boston, the Alester G. Furman Co..
•and-
warrants.
90,000 4% refunding; series A of
1942 warrants.
-../ jy-r-A
re¬
both of New
York, • the Equitable
Securities
Corp., the Trust Co. of Georgia,
Atlanta,
,
$310,000 4% refunding, series 2 -of
cou¬
wafer -works
funding bonds offered for sale
of
purchased recently the followingand bridge warrants aggre¬
gating $595,000:
V
~
road
195,000 3, 3Y2 and 4% refunding,V- series 1 of 1942 warrants, i;/'
r
-semi-ann.
Warrants
Sold—A
syndicate
composed of Barcus, Kindred &
Co. of Austin, the Ranson-David-
'.;\'v ,1942
SOUTH CAROLINA
•
Hidalgo Co unty (P. O. Edinhurg),
of son
Co., and the Dunne-Israel Co.,July 5, both of
Wichita, is said to have
,
by- broadening
Nets
after
Greenville, S. C.
1944,^esti¬
j ji;;V-(. ^ y Bond Sale—The $1 ,"400,000
" tax
must
exchanged in accordance with;
the plan of composition heretofore
April
(P. O.
on
43 hours' notice.
The
Berks County Trust Co. -of Read¬
ing, second high- bidder, named a
,.
Philadelphia, Pa.
Tax
tax
7%; corporate :March. '26—Y. 157, p. 943—were
awarded .to a syndicate composed
4% and gain
the
taxes
are
to
1943;:
'
change, Y the " "State
income
extra
<on. or
by $3
the (..contemplated
would .reduce
net
in
$3,000,000.
■Under
mean
interest, plus a premium of $19.
Dated April 15, 1943, and due
Aug.
;$1;schools, drop six
contribute 20%
relief
being ad¬
are
securities
funding bonds, dated Nov. 1, 1941,
indigent mental
(15, 1943..
.Callable, at option
institutions,'.cut .schoof board
State teachers' colleges-at
.saving of $2,000,000, and require
.such
and waterworks system and sewer
$120,000 for the city.
awarded
were
counties.;to
of .the
a
be
of the city
.that
for
& Trust Co. of
Heading, at 0.375 %
contribute' about
680,000 to their
coupons
vised
Cisco, Texas
Bondholders---Hold-:
bonds, warrants and
to
of: all
assess¬
estimate
actual
fered March 23—V.
be
3;000;000 biennial cost
maintaining
the
Reading), Pa.
realized; he said, if,the Legisla¬
ture
Notice
ers •
Y Temporary Loan—The $300,000 will be forever barred by the final
temporary general obligations of¬ decree entered in said cause.
current; bien-
amount
$2,471,563^28;
f Reading- Sohool District
' * ." -1
the State
-save
will
enues of
The Governor suggested econo¬
mies
between
ment
the
State's
to
Dated Aug. 10, 1942.
the Northern District qf
$2,496^648,828.
Benham said the
$7,062^513, difference: in the city's Texas; Abilene Division, for re¬
The other;plan provide?
a
procedural change
method of collecting the
and mainferran ce
bonds';
to- have been purchased
recently by C. N. Burt & Co. bf
Taxes,
drop of $18,042,487 from 1942's
a
of
Stillwater, Okla.
had
favor
H
Bonds Voted—An issue of
Revision
fhisVyear and. the
-
Bidding
with
the
bank
were
Phelps,
Fenn
&
Co.,
Lowry
Sweney. Inc.. and the Huntington
of
State's financial responsibilities to
for
v
is' said
Dallas.
This year's assessment total shows
econo¬
subsidies
some
3%
struction
Benham, president o.l
counties.
imposts
pairs.
Board
estimate
;
,
legislative action to effect
election
water
equipment and
the
thaf " His 'admin¬
J.
is eonsiderihg alternate 'announced that the
1943 assess¬
plaais to raise $26,000,000 required ment -on real estate in Philadel¬
for
cost-of-living salary increases phia stands-at $2,478,606,341. The
mated at
an
"•
istration
air-' counties to
Norman, Okla.
Bond
William
000,000, require fourth-class school
election
an
appeal to
if that
request for s
(P. O. Vernon), Texas
Sold—A $50,000 issue of
arid '"3% % ; semi-ann. con¬
Bonds
■
^Assessed Valuations Reclnced—
'
"
.
Governor
school transportation costs
Ada, Okla.
•Bond
further
liquor
adopted:
was
disclosed
patients
OKLAHOMA
$592,000.
At
of
•
.
were
bonds offered for sale by the sys-*
tern
via competitive bidding on
on
nium.
Council has voted to refund $196,000 bonds which mature on Oct.-
considering a
ithh.pJ.,S,,Bupreme Court,
excise
present
and court grants their
gasoline also might be 'eliminated hearing of the case.
.1%
that
accepted for $4,675,750
of the grand aggregate of $4,850,-
that
$22,680,000 in the
sider
Sells
€75,750 Bonds—George M. Pogue,.
Secretary of the State Teachers
cago
for
Yoongstewn, Ohio
•
;on
750
bid
the
following (bonds aggregat¬
ing $44,000:
$22,500 delinquent
tax and $21,500 refunding bonds.
bids
certified
-a
granted the city permission to is¬
sue
No
Refunding Approved—The City
tor James
the
1%,
bonds, payable to the city.;
matured coupons attached, to the
Village Treasurer's office.
New
Yt «of
less than par and accrued interest.
r
•
added
taxes
April
by Carl E. Whitman, Village
Clerk; for the purchase of " $4,000
estate."
He
if ,a sales tax
1 in 1944 to 1953 incl.
3
4%
veal
ther
•
follows:
as
_
1963 incl.
connec-,
now
<
about 2.39%, Dated May 1, 1943
and due on Nov. 1 from 1944 to
Details—In
bian Securities Corp. of San An¬
tonio, noted here recently, it is
.
'
Sale
$20,000
imp't bonds to the^^ CMum-
street
-
.
Bond
,
tion with the :sale ef the
.
.
Bay City, Texas
:
—
Colorado
River
Authority,
Texas
(
Bond
lie-Offering
>
Deferred
—
both
of Public offering of a new issue of
Three Years—A total of $61,699,- Greenville, as
a price of $21,635,000
River Authority re¬
995 was collected ;by the city dur¬ 100.309,' a basis of about 1.66%. funding bonds, the largest flota-'
ing the three-year period ending Dated April 1, 1943,
Due as fol¬ tion 011 the : municipal calendar,
I11
Henry
T.
Mills,
1.70s, at
•
,
V:
Volume
is
be
-expected .to
-
about
month
a
conclusion
the
-
delayed
works:
for
of
Boston
Corporation
Harris
Cor¬
Tenders
;
Invited
and
lation
per
8
be
retirement.
opened
12,
at
basis.
Texas
is
James
Jesse
urer
calling
for
and
face
at
Revenue
No., 211,369-D
Series),
including June 11, 1942.
for
is
$2,686,933.95.
This call
•
......
of the
because
limitations. Posses¬
these; warrants
should
make
arrangements
with
the
State representative of their dis¬
trict to have them' presented to
such
the General Claims Committee for
ited
special appropriation at the next
session of the State Legislature.
general
Out-of-State holders of such war¬
legislation
than
Other
general
State warrants are
cashable when issued and should
warrants,
all
immediately
for
payment.
Prompt presentation
for
payment of these warrants
will be greatly appreciated by the
be
presented
Wise
(P.
County
but
000-
sold
bonds
March,
last
noted
as
Bonds
;
Sold—City Clerk
Agnes
$200,000 • 3 %
that
Edwards states
bonds
semi-ann.
water
have been
purchased by Blyth &
Co. of Seattle.
revenue
,
■^
-
purchased
were
vote in the
Renton, Wash. .7.);'—%-%
and
here at the time,
a
WASHINGTON'
reports that the $75,bridge refunding
now
road
to
came
Jan. 16, 1942,
-
Decatur),
O.
V;.7n; 7?:;.;::
Bond Sale Details—The County
Judge
never
Educa¬
on
'
Seattle, Wash.i
.
•
Retirement System Sells Bonds
jointly by-William N. Edwards &
Co. rf Fort Worth, and R. K. Dun¬
Co.
BramhalL&f
and
bar & Co. of Austin, as 4s, at par.
—Blyth
Dated Nov. 1, 1941. Due on March
Stein, both of Seattle, in joint ac¬
1:
in
$7,000
1947
and
to
1944
$8,000.
1950
1946,
to
in
$9,000
and
1949.
Interest payable M-S.
1951.
purchased from the Em¬
ployees' Retirement
System on:
count,
March
light
Planning
Act—The first specific legislative
PosttWar
proposal of the 78th Congress for
Federal assistance in providing a
of
reservoir
30,
public
post-war
3%%. to 5%:
bonds,
$675,000
and
power
due from
UNITED STATES
First: 1943
&
1945 to
revenue
1951
incl.
V;
County
Treasurer;
;
000.
receiveApril;
will
sealed bids until 3 p.m. on.
I
Redemption Calls and Sinking Fund
;
•
'
'
the
reoffering
v
"
'
r'
'
s
,
""
-
Kankakee
be found a list of
Below will
•
corporate bonds, notes,
stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
and
common
J
Company and Issue—;
;
Collateral
Atlanta
trust
,
bonds, series A,
6',;
Laundries,
'
Inc.,
Cumul.
conv.
Cumul.
conv.
Litchfield
Macy
ref.
&
'
f
'<1
,
,
f ' *1
Citv'
Apartment
-
Corp;;
trust
Dock
Economic Investment Trust, Ltd)—'
1st collat. trust 30-yr. 50-,:. bonds,*
Ellicott
Square
Federal
Co.,
1st mtge.
5%
-
ser.
• 'A, due 1957—May
American
.
-May
1
—-.—May
bonds.
;
86.4
1080
Water
& Gas Corp.—' .y • •
gold debentures, due" 1954————————May
864
20-yr. 3',;-;4debs,,
Public Serviae
t2040
1
debs., due
15-yr. 3%'/>
1
994
0
.
1
*
1183
1
996
notes,
33'4%
Corp.,
Inc.;
due 1947c—ALAApr 15 •"
debentures,
due
"
1954—-Apr
15
1086
1st mtge. bonds dated 1935—-Apr
10
1087
1st
preferred
stock—„——-May 10-.,
L VA *;, '
:
due
1962
7U.
preferred
1
15
1088
1
•
1st
—Apr
mtge.
>":
*
0
41
Ltd., 4'.* serial bonds,-due 1945__Jun
1
bonds, series A. due ,J.945__r
L„__Apr 15
993
1081
Valvoline
mtge. 5s. due 1950-L——Apr 23
1180
Vulcanite. Portland Cement Co.—
-
•>
1st
mtge.
4fr
Northern Power Co., 1st
Huckins Hotel Co.,
1st mtge. 5',;
notes dated 1926'——Apr
5
1180
,
."
„
Gen.
mtge.
bonds, series A, due 1954
Gen.
mtge.
bonds, series B, due 1954———
I
,.._>•••
May
--May
.
1
1
1180
1180
gold bonds,
series B.
903
5,'-p,11st-,mtge.jgold'bonds.; series A. due 1948——„—-Julv
2
-903
2
903
"
lst-mtge. bonds/series
Oil
C.p.',): 15-yr. 7«
1st .mortgage 'Jlfc.'/c
2nd
It
■;
is
due
due 1949
.*.
—July
debentures, due 1947__—_:May
C,
bonds, due
1
stated that
1
904
mtge."5V2'A bonds, due 1956-———May
1
109p
1943
—;
Philadelphia .Passenger Ry.-—
this
books
will
issue,
tin
volume
156.
.
v
the interest
1, 1943, the
be
closed
oil
grouped in two separate tables.
are
.
In the
bring together all the dividends announced the
Then we follow with a second table in
which we show the dividends previously announced, but
week.
which have not yet been
paid.
Further details and rec¬
dividend payments in many cases are given
under the) company name in our "General Corporation
and Investment News Department" in the week when
ord of past
declared.
'.
'
The dividends announced this week are:
Per
When
Holders
fhare
Payable
of Rec.
4-10
3-31
4-21
3-18
4-15
A'"''
pref. (irreg. 1
30c
(irregular)———w——
(resumed"
20c
$3
4-14
4-15
5-1
4- 1
4-30
Amalgamated Sugar, 5',0 preferred (quar.) —
American Aggregates Corp., 5 7 pfd. (quar.)
American Coal Co. of Alleghany Co.
I2V2C
$1V4
5- 1
4- 1
(extra)12'/2c
;•
3c
Advance Aluminum Castings
Affiliated
Air
Fund—
Investors' $2
non-cum. conv.
Association
Packers
Home
Seal-Kap
57
Post
$1
20c
(monthly)-.
(irregular) —15c
prior pfd. (quar.t—
$1V2
Products Corp.
American
Anchor
————
-
Fuel & Iron
Alabama
Alaska
Fence,
preferred
67
(quar.)
Atchison
•
5V27*
4- 1
6- 1
3-22
4-30
$$134
5- 1
4-1.
J2Vac
4-15
5- 1
4- 9
4- 1
3-25.
3-31
3-19
4- 1
4- 1
6-10
3-20
4-24
4- 5
4-14
.
/
Proprietary-—
(quar.)
•
.
preferred
River
4-10
4-14V
4-21
4-10
4- 2
Mills. 6 7. preferred (quar.l-_
75c
Bankers Commercial Corp. 67- pfd. (quar.)-"
$1V2
Baitgis Brothers. 6 7. preferred (quar. >
37VL>c
Belt. RR. & Stockyards common (quar.50c
67
4-16
3-22
^
5-1
4-20
4-15
SIv*
25c
$l'/2
——
preferred iquar.—
Backstay Welt
>
4- 2,
4-21
—:
———:
Utilities-Corp—)0c
Topeka & Sante Fe Ry———
$1V2
Atilt & Wiborg
5- 1
5-1,
4-20
5- 1
Corp.
Arlington Mills..
Associated Public
Berens
May
♦Announcement in
transfer
Badger Paper
1
West
Independent Refining Co.—
1st -mtge.
Ltd.—
1949——--May
'
Great
Growers
4.1/a,/3-
-
—
Apponaug Co.—
15
conv.
_^._May
1178
General Steel .Wares.
in the case
we
current
1186
••
•*
1093
998
Grain
% Dividends
American
.—May 15
bonds, due 1990-.—__—
money
*
:
-
——May
—L__—
stock.
Coordinated Transport—
996
1
5Yg f/b
Sold
Name of Company
San^Jose Water Works 1st "mtge. 334 7. bonds, due 1961_Jun
1
Southwestern Public Service Co., ser. notes, due 1943-54—Apr 16
Studebaker Corp., debentures
.—-Apr 30
'
Bonds
the end of
be paid at
0
5
1954L___—j_„„_Apr
due
bonds,
Republic Steel"Corp., purchase
•5xkr'\. bonds, due 1954—
United
as
QUEBEC
major
no
•
Co.—
A
1
Filice„& Perrelli Canning Co.. Inc. 1st 5s, due 1950—.May 18
Garner Royalties'Co., Ltd.,"1 class A stock-—LA-——Apr 10
5|/27
,
640
1083
*
1
1
Aug
—
1959—
mtge. ,& collat.' tr.' bonds, 314# series, due 1970--May
'
Potrero Sugar, Co.,
*
899
.
debentur-es, due 1952—-May
bonds, due 1944
5s, due
conv.
Co.,
Park Theatre
1st.& ref; mtge.
1.
.).
6
'
Ry.v'-lst mtge.
series
Cot;
/
c
3'/a 7y bonds, dated Jan. 1, 1937—May
3'+-6'« consolidated mortgage bonds————————Jun
Philip-Morris & .Co;,-Ltd.-, Inc.—
i
the usual ownership
required by the Do¬
by
certificate
y
^:
1
Jun
l.
—
Philadelphia Transportation Co.—
1176„
of
of Can¬
Page
L
■
-
1959—
Pennsylvania Water & Power Co,—
"
1st & ref. mtge. bonds
———————————Apr 20
Bait.,
1945
due
*
makes
first
bonds, due
■■
due 1996—May
Dominion
M
•*
Chesapeake & Ohio Ry.— '
Ref. & improv. mtge. 3}/s 'i'r bonds, series D,
the
April 15, 1943.
'
mtge. 5%
Madison
Paramount, Pictures,*
Ref.
in
year.
Date
,
988
988
5
5
—--Apr
$2.50 series-—— _. Apr
Canada
any
Bank
Hull, Que.
budget
amount to
1955
May
Minnesota Transfer Ry„ 1st mtge. 334 bds„ dated 1936 Juri
Mortbon Corp. of New York— •
Collateral' tr. mtge. bonds, series C. due 1951-.,
—Jun
Oak
Imperial
liability of the payer, hence¬ the bonds.
For
purposes
of
will aim to collect 95%
May
which means a reduction of the payment due
Co.—
McCrory Stores Corp.,
North
?
the
forth they
L")
-.
-
(R. H.) & Co., Inc., 2V2 '/>■
New York
1965-A—..May 1
Corp.—.a-^
$2.75 series—
preferred stock,
preferred stock,
Valley Coal
and
1st
notation
for
payment at
of
taxation.)
.
Collateral
1
1st 5s, due 1946.May
334s,^er. A. due
.
4-14
series A
National "Union-Mortgage
7
1st mtge. 47; bonds..--.——__Apr
Buffalo Creek RR. 1st mtge.
v
Page
dated 1934_____ May 31
Baltimore County Water & Electric Co.,
Burlington Mills
Date
Co.—
American. Utilities Service
Water Co;.—
Leeds &.Lippincott Co.,
Lehigh
such
of
of coupons.
bonds, due 1947-May
bonds, series A, due 1954
5'<
mtge.,
Holders wilt
presentation of
branch
placed
July 1
Kentucky Hotel, .Inc., gem. mtge.:_6';k, bondsi-i.———Apr
6
Kentucky. Hotel. Inc;,'gen.;" mtge. 6'4 bonds——;
t-AMay 10
1st
.
preferred
Telephone Co.—
1st mtge;
;
on
debentures
thereon
$5,500,000,000
a
the the
bonds,
*/» ^
'
'c«
Issue—;/
Limesiona'Cdrp. "prior, lien BLi
Jamestown
their
interest
lax
1 l/4Sr due on April 1, 1968.
as
In
v...
..L;v qompany and
IiidiAna
be paid
(Dominion of)
Income
Tax •£.•• Structure
The
Ellis,*
B.:
above
the
changes in
No. 3Q6, as jy2s, due $40,000 from April 1,
(P. O. Mount Vernon), Wash.
!944 - to 1967; the remaining $40,Offering—Will
of
report for study and discus¬
sion and outlines estimated costs
that would affect materially post¬
Skae>it County School: Dist
Bond
the
of
the basic structure of $95,000 4% semi-ann. improve¬
the income tax but lowers slightly ment bonds were purchased re¬
the rates on incomes just above cently by A. E. Ames & Co. of
not to exceed 2% semi-ann. re¬
the exemption levels.
There is a Toronto, at a price of 98.75, a
funding bonds. Due in 10 years.
basis of about 4.09%.
Due in 20
new formula which provides that
the income tax. on, these border y'ears.
WEST
VIRGINIA
line incomes shall not be greater
Montreal, Quebec
Fallanshee, W. Va.
than two-:thirds of the amount by
Interest Payment Scheduled—It
which an'income exceeds $660 for
Bonds Voted —At the election
is announced by L. Roberge, Di¬
single and $1,200 for married per¬
held on March 16 the voters ap¬
rector of Finance, that the semi¬
sons.
proved by a wide margin the is¬
annual interest on Series E, 5%
Personal income tax is hereafter
suance
of. the $15,000 flood con¬
bonds, matured Nov. 1, 1942, will
to be paid on a current incometrol bonds.
be paid by check at the rate spe¬
basis by making the income tax
cified on the bonds.
'
West Virginia (State of)
currently collected at the source
Holders
are
invited
to
have
Bond t S a 1 e—The
$1,000,000 or paid in quarterly instalments
their bonds registered by sending
semi-annual road bonds offered
apply ill respect of the tax to be
them, in the case of residents of
for sale on March (30 — v. 157, assessed
on
the income of this
the United States, to the Bank
p. -11-34—were awarded to a syn¬
current
year,
1943.
This
will of
Montreal
Trust Company,' 64
dicate composed of Graham, Par¬ eliminate
the
lag
of about
8
Wall Street, New York, N. Y., and
sons & Co., Eastman, Dillon & Co.,
months in the payment of income
in the case of residents of Can¬
both'of New York, Otis & Co., II. lax under the present system and
ada. to the Registrar, Department
M. Byllesby & Co. of Chicago, and it will benefit persons suffering
of Finance, City Hall, Montreal,
or expecting to suffer a reduction
Fox, Reusch & Co. of Cincinnati,
Canada.
in income.
Another change is that
at a price' of 100.006, a net inter¬
Semi-annual interest will also
whereas deductions made at. the
est cost of about 1.48%, on the source from earned income have be paid at both places on bonds
been aiming to collect 90% of the not registered, on presentation of
bonds divided as follows: $960,000
(S.
on
Labor,
Senate.
Texas
■
;
and
April 1, 1936, and Oct. 1,
on
Province, in
half-year ending
April 1, 1943, being at the rate of
$15 and $7.50 for each $1,000 and
1941,
panied
of
16, by Will B.
vote of 252
bill
tured
to
ma¬
Montreal. The latter is in the form
Ellis, County Treas¬
urer,1 for the purchase of $38,000
companion
Committee
the Senate
tion
be
was
a
of debentures which
holders
at
minion Government
April
received until 3 p.m. on
rate
before the Canadian
according to the current
business summary of the Bank of
Offering—Sealed bids will
Bond
the
people,
war
by
the
defeated
;
favorably reported by
was
office.
Treasurer's
State
1617),
•v
•' %
(Province of)
Payment—Interest
of 3% will be paid
Interest ■•).
ada. Debentures should be accom¬
been
County Treasurer.,
of
.
.
ALBERTA
budget and a broadly comprehen¬
sive social security blueprint have
at which such bidder will
purchase said bonds; or (b) the
lowest), rate of interest at which
the
bidder
will
purchase
said
planning
post-war
considered
A
cost
"
19, 1942, by
104.
to
revenue
total
(H. R. 5638),
Feb.
on
the
planning.
last
House
Treasurer's office.
of
75%
to
»
Victory Loan wilt
public
$500 denomination.
par,
,
The
requested to notify the
are
State
■
a
school
of
rants
as
death
Alberta
Canada
above
any,
set.
.
Basic
the
April 26 and the minimum ob¬
on
$255,000 41/4% State road
Un change d—A
over
liability
1942
until
jective of $1,100,000,000 has been
respect
survey
of over-all
requirements as) an -ad¬
junct to plans for.'.: a particular
bonds at par.
Enclose a certified
school building.
In this instance,
payable to the
Federal assistance would be lim-i check- for--5%,
of two years
sors
if
premium,
Fourth
*
bonds.
by half and
income
be offered to the Canadian
Connecticut
,
the
deferred
$3,000
liability for,
taxpayer.
The
New York, purchased from
the Metropolitan Life Insurance
Co. of New York, on March 25, a
block of
half of
be
the
of
Co.,
the lowest rate of inter¬
est "and
plans and
surveys ,: incident
to
specific
construction
projects,
statute
State
general
$3,000,
pay
Massachusetts,
than
more
investment
on
shall
them
redeem said bonds or any of
(a)
that
the
•
not
annum, the tax
1942 shall be reduced
Secondary Sale—Phelps, Fenn &
proceeds of the bonds hereby
offered for sale: Provided, that
the District reserves the right to
ing
on
of
income
col¬
all property in the
and other States.
the
plans .for; specific
up
would fee for the cost of
)f ' General revenue warrants, dated
prior to Sept. 1, 1940, are now
void
of
cost
to
on
York,
,
.
,
the
cover
ap¬
period of time
as
practicable)
near
taxes, the budget proposes that on
interest and princi¬
bonds, if other funds
and revenues, are not sufficient
for that purpose.
The bonds, in
the opinion of the bankers, are
legal
investments
for .)• savings
banks, and trust funds in New
State
apropriation by, or grant, gift or remaining) unpaid,. *on any interest
loan to, such State or local agency payment date on and after, five
for
the
undertaking of • public, years from the date thereof. Prin¬
works
and
improvements
so cipal and interest payable at .the
County Treasurer's office.
Each
planned."
).*)
The
non-repayable
.advances bidder must submit a bid specify¬
warrants
which includes
warrants issued prior to and
all
to
public works projects would be
repayable *'if and when funds
become
available by
reason
of
Treas¬
reports that he
including
(1941-42
drawing
,
payment
General
value
to
(State of)
Called—State
Warrants
:
y
Advances
(as
tax
a
pal
equivalent to the life of the im¬
provement which was acquired by
the use of the proceeds of the sale
of the bonds to be refunded with
non-repayable
and
said
years,
being
agencies, ori both
local
and
repayable
p.
-"v
of .10
(2) $75,000,000 to be advanced'to
Tenders
May
on
Referendum
lect
in
provided
Measure No. 6/
as
•
as
State must annually levy and
proved Nov. 3, 1942 (Laws of
1941, .- Chapter
176, Section
1).
Said bonds will run for a period
planning of post-war public
works:
(1) $25,000,000 to be allotted
to
Federal agencies,- and
State
therefore
levy
Mayors,
a
will
overlapping of two years'
By the terms of the bond issue,
tire Board of Public Works of the
die
tenders ,of refunding bonds
March 1, 1939,' for cancel¬
dated
and
basis
pay-as-you-earn
all earned income and investment
in its news'- bulletin
dated March 15,- the bill proposes
two appropriation authorities for
—City
Secretary Elizabeth Kientz states
that the City Commission will re¬
ceive
full
to avoid
and vthe- latter
follows:1963-64,
1.50%;
maturities
of
San Benito, Texas
to
a
99.50; 1965-66; 99.25;1967, 99, and
1968 at a price Of 95. ■:
•;>
fey Mr j equal-* annual-tax levies for the
Beiter, of New York. ' < As ex¬ payment of said bonds and inter¬
plained by the U. S. Conference est, without limitation on the tax
'
:
In order to put tax payments on
priced ,the 1944
to yield from
group
maturities
1962
0.35%
Der
1943..
1,
weeks of the last Congress
poration.
Bond
June
Dated
and Means; ' The1 nomination $1,000. Due commenc¬
(H. R. 1898), introduced by ing with the second year after the
Mr. Lynch,
of New York* is: a1 date of issue in such amounts (as
re-introduction
of > the .))' -"First nearly as practicable) as will, to¬
Post-War Planning Act of 1942,"* gether with the interest on .all
introduced
during
the
closing outstanding bonds,.-be met by
and
Finance
bonds;
Com¬
-to
refunding
interest
2%
bill
&
Reconstruction
the
to exceed
mittee-on Ways
Company,
Inc.;
The new issue is for the
purpose of refunding $21,635,000
of present 4% .obligations, which
the authority is purchasing from
Stranahan,
successful
been, .intror, ,16 for. the purchase ,of $38,000 not
has
'
referred to the
and
tatives
nancing drive Of the Treasury.
The offering is to-be made by The
First
projects
in the House of Represen¬
duced
perhaps until
the April fi¬
or-
1231
,4165?THE COMMERCIAL & FINANCIAL CHRONICLE
Number
157-
1 quar. I—
Mines
(quar.)
—
*
Bloomingdale Brothers.
Inc.—
Boylston Market Association (irregular)
Biitish-Amcrican Assurance Co. ts-a)
Brompton Pulp & Paper
(quav.)-^.^
75c
?3c
20c
S5
4-21
3-20
5-7
ssi'a
4- 1
4- ].'
3-27.
:i23c
4-15
3-22
.
THE COMMERCIAL & FINANCIAL CHRONICLE
Per
Name of Company
British
American
Amer.
;/
/.,'
■
Tobacco—
Payable
Holder*
22Vic
5%c
.
4- 6
Broulan Porcupine
Mines, Ltd...
Butler
Mfg. Co. 6%
Canadian
$3.40
3- 2
Breweries,
_/■
6%
preferred
3-31
3-27
$85c
t37y2c
(quar,)-.
Insurance
Extra
Okonlte
4Vi%
4-15
1
preferred A
7%
preferred
$l/2
4-
1
3-15
$1%
6- 1
5-20
(accum.)
$0.10937
3-31
3-16
$25)
(accum.)
$0.9375
3-31
3-16
37Vic
3-31
3-16
$0.9375
3-31
3-16
(par
6%
$100)
6%
$25)
preferred B (par
preferred B (par
6% preferred series C
Cleveland Cliffs Iron $5
(accum.)—--.
,
(accum.)
9%c
(accum.)—
preferred (accum.)
Colon Development 6%
Colorado Fuel & Iron
preferred^,/
conv.
pfd.
5-12
4-20
4-
6
15c
4-15
$114
3-31
50c
4-20
Metals
of
America
Products,
4-20
4-20
Richmond
Rochester
Button
Co.. of N. Y.
Co.,
common
5-15
4- 5
37Vic
5- 3
4-5
St.
4-
(quar.)______
'
$lVb
4-30
3-31
4-30
3-31
10c
4-1
3-20
Common
4-15
4-
5%
4-30 i
4-16
5- 1
4-15
25c
_,
Ai,,./
$1
(quar.)
Fiduciary Trust
Co.
(initial)
4-
1
3-26
Strathmore
4-
1
3-25
6%
.4-30
4-10
Sullivan
5-10
3-31
Bridge
Works.
Street
Fuller Brush Co.
common
Industries
5%
preferred
Castings Corp.—
preferred
(accum.)
McBean & Co.
Greenfield
Gas
Light
(quar.)
6-21
Torrington
4-10
Tung-Sol
4-10
4-20
4-1
5-1
5-15
5-
.
60c
.3-15
3-10
i50c
7-1
6-15
5-
-
.
Zinc. Co. (irregular)——i.
20c
Indiana Associated Telephone—
$5 preferred (quar.)-—$1V4
Inter-Mountain Telephone common
40c
6% non-cumulative preferred (quar.)____
40c
International
Machine Tool Corp. (quar.)__
International Utilities $3Vb prior
pfd. (quar.)
Investors Mortgage (Bridgeport, Conn.)—
7%
/
Xronlte
Ironer,
Kennedy's,
$1.25
Inc.
4-10
3-20
4-
1
3-20
5-
1
4-15
.
.
Fire
Home
3-24
Quarterly
Michigan
———-——;
Foundry (irregular)
Corp., class A (s-a),
Ltd. (s-a)
.5-1
4-15
Westvaco
$4Vb
Paper,
Chlorine
preferred
5-25
4-23
4-20
4-10
Wico Electric,
31 Vic
4-15
3-31
Link; Belt
6Vb%
„
Lion
Co,
(quar.)
(quar.)
•
Extra
4-
1
5-1
4-15
3-20
,
Bond
Fund
'
5-6
Youngstown
6-15
Zeller's,
,25c
6-1
50c
4-15
*
4- 5
11c
4-15
3c
4-15
4-
5
4-
-
5
McDonnell Aircraft—
8%
preferred (quar.)—,
Medusa Portland Cement, 6% A pfd. (quar.)
Messenger Corp.
Michigan Silica———
$1V4
(I.)
4- 1
*
,
5-
3-20
4-20
4-10
APW
4-15
3-31
Abbott
3-31
3-18
Abraham
4-5
Munising Paper, common (initial)
25c
5% 1st preferred (quar.)
25c
Murray Corp. of America.,25c
Narragansett Electric. 4y2%^ pfd. (quar.)__ui_
56!/4C
4-10
4-
5-
4-20
—
1
1
4-26
4-14
5- 1
4-15
Products—
preferred class A vtc.
Class
B
$2.50
&
non-cumulative
prior
Money Corp.
Tool
Stores
class
preferred
National
Bedford
York
North
North
A
(s-a)__^___
(s-a)_____
$1.50
Co
pref.
1
(irreg.)__
Northern
Electric Light
Gas &
0%
5&
Telephone
Co.
$7
Insurance
Ohio
(quar.)__
Quarterly
;
(quar.)—
<quar.)__
Telephone,
Title
5-
1
4-15
:
;
$114
4-15
4-
1
4-15
<;;;
$2%
4-
1
25c
4-10
4-
4-15
3-25
$1
4-15
Insurance
5-
1
1
—______
(irregular)
Affiliated
Air
Fund
-
Reduction
Extra ;
4-15
4-
4-24
Alabama
Power
All
Penn Oil
■
5%
Corp.
preferred
American Air
3-31
1
American
Central
American
Cities
3-27
4-1
3-27
1
"!•
4-15
American
$3
3-31
3-31
$iV4
5c
5%
/
Gold
of
$2.75
class
class
f^are
5%
Insurance
1st
5-
3-31
of
4-
5
4-
5
4-
4-15
4-15 :
25 c
pfd. (quar.)_
$1 Vz
4-15
*_•
1/64 share
stock)
37
(payable
class
District
R
in-cash
or
Coupon
(N. J.)—
■>
*
5%
34%C
v
5-/1
6%
'--5%
3-15
2 '/a %
•
.
4-
3-2
3-2
-.
pfd.
pfd.
Power,
fquar.)-
.' 5.
$1 Vi
$1 Vi
:
3-31
3-31
4-30
5-15
t$3
115C
(interim)
Co.___
3-19
4—15'/'
i$i/2
5-1
444c
.440
-
,4$ I470C
—
5-
3-19
3-31
.
3-20
%
1
4-
1
4-
5-1
412Vic
•
1
4-15
;
'
4-15
c
125c
4-15
3-31
4-30
•
/
r
4-30
3-31
3-31-
l$l3/4
4-15
14c
6-1
4-15
$1/4 / V 4-20
4-10
;
(quar.)—,
37 Vic
—_
3-31/
4-15
3-311
5-
4-
Corp.—
/
4%%
pfd. (quar.),,
pfd. (quar.),,„_
7%
(quar.)
r
$1.25
$1.19
Co.
4-
$lJ/2
37'/2C
3-10"
1
r
•■
3-10.
1
1
3-10
•
.
t
6-30
6-19
/
■>■',
-
9-20
4-15
;
3-31
13c
(Inter.)
9-30
6c
■
(quar.)
4'••/
37Vic
3-10-
4-: 1
62y2c
9!
'3-31
1
4-
$iy2
—
4
4-15
$1%
_-J
(quar.)
4-15
25c
4-15
•
25C
7-15
25c
—
New Orleans
3-31•
-
Ltd., class A
Power
4-30
4-15
4-26
:
l$P/4
—•
Larder Lake Gold Mines
preferred
3-31
'5*15
pfd.,_
—
Oil
4-15*
1
4-15
4-15
.
4-15
(quar.),/
non-cum.
common
preferred
Cotton
3-31
3-13
37 ViC
(quar.),—a—_
iquar.)
preferred
preferred
3-31
1
5-
75c
—
4-16
4-15
15c
Quarterly
5%
1
120c
—
Investments—
Power,
5
5-5
|l|i|
t$l'/4
Maine
3
1
5-
(quar.)
preferred (quar.),—a—//a/.,
York
3*
5-
y'.V-V:,"''j\
112 Vi
New
4-
4-
1
6^
*1.7938
a
(quar.)
4-5
3-23-
4- 5"
37 Vic-
-
preferred
1
5
137c
(quar.)
4-1
•3-31
6-
:
62 Vic
Foundries 6%
Marconi
4-16
.
•
15c
(quar.),A-r,,„
common
Industries,
5- -1
3-31/
$1%
Quarterly'
.3-10
3-17
10-15
6-16
.
9-15;
& Texas Pacific Ry.~
(quar.)—
/./
;
f"5%
preferred
(quar.),,—,,a__—__a__—
5%
preferred
(quar.)
t
4-20
3-31
6
4-
3-31-
4-20
'
4-15
,
263/4c
B
Chickasha
:
■V
6
4-
-
4d
450c
(quar.),__
(quar.)
Chesterv'ille
f
.
sivi •:"A 4-15
4-15
(quar.)
v
4-12
' //
5-20
30c
(quar;)/,—
Chain Store Products,
/ ^*
$1V2 convertible preferred (quar.),
'
$1/2 convertible preferred (quar.)/i__
Chemical Fund, Inc. (irregular)
\
4-12
5-20
■
$3
aeries
^Central Kansas Power,
/.
:
•4-15
l$l/4
,rCentral
::
r
5-1'
Vic/
3-31
•
(quar.).
Cincinnati
/
—,—
!
3-31
4-15" ?
410e
4-10
4-20
,450c %
•
,
4-10-
1
$10c
(interim)
A
5-
$20c
'
Central
1/32
stock(_,
Telegraph
(quar.)
:
4-15"
4-20
5-
Clinchfield & Ohio Ry.
./.Central Aguirre Associates
4-5
~
4-15
4-30
4-6
General
7%-
3-31
\
4-30 '
/,"• 16c
r,
4-15
25c
4- 6
25c
Ltd.—
Power,
Packing,
preferred
Class
3-19
'
3-31
-
50C
preferred (quar.)
Canadian
1
$1,06/4
$1
Extra
1
—
4-14
'
1
4-21
62 '/2c
Registered
1
4-
5-
t5c
Foreign Investment
,
1
$1%
—_
or
4-
4-
Manufacturing (irreg.),,
& Light Corp.—
A
preferred
:X'
Power
(payable in cash
B
1
162 Vic
preferred (quar.)
Northern
v
4-16
5-
6-30
4-24
24 Vic
Canadian
4-10
4-20
•
4-15
4-3
(reduced),,
Oregon Power, 6%
Iron
7%
3
1
1
4-15'
$20.26;
Canadian Bank of Commerce
(quar.).
Canadian Car & Foundry, 7% pfd. (accum.)
Canadian Dredge & Dock (resumed)-——.;
3
4-
5-
"
preferred
Canada
4-3
25C
(irregular)
(quar.)
5
4-30
v
6-30
,
25C
•_
2nd
Canadian
4•
,6- 1
preferred—
Mines
Carolina
4-15
.
15c
SIV4
___.
3-23
4-
$1
__/
conv.
Mills,
Canada
v
,
$6
common
Asphalt Roof 6%
class A
American
;
J;
quar.)—,
(quar.)
5-25
5-
(quar.)—.
common.,
Filter,
$7 preferred
4-
1
50c
pfd;
(quar.)
(initial
4-15
4-
4-15
4-15
$5
4-15
415c
(Vancouver)
6%-.preferred 1927
7%
Aluminum Co. of America—
3-31
$lVb
80c
3-26
;
4-10
Co.,
4-10-
4-15
50 c
tquar.)
—
Ankerite
Linen
3-31
6
5c
Alliance
3-27
&
California
•/ 3-23
4-
4-15
iquar.)„
(Bklyn.)
(final)
California Electric
1
4-10
IOC
25c
Airlines, $4(4 pfd.-(quar.),
4-15
Bank
(quar.)
(quar.)
partic. preferred (quar.)
Calgary & Edmonton Corp. (interim)-,J
4-16
25c
American
15c
pref.
conv.
Brothers, common,—,^
$1.50
3-31
•
5-1
—_\_
& Gas
Stores
V
———
—
3-31
4-15
//
1
4-15
«
4-14
Supply___^__.i__-__;_—.
&
5-
•4-10
•
3c /
(quar.)
Mfg.
••
'/425c/
^
,
of Ree.
10-1
25c
—
—
4-15
4-21
50C
/ Caldwell
Holder*
Payable
25c.
__^_—-
4-30
40c
convertible preferred (quar.)——
Byers (A. M.) Co., 7% pfd. (representing the
quarterly dividend of $1.75 due Nov. 1,
"1942 and interest, thereon)
in the
$1
50c
'
Addressograph-Multigraph (quar.)
Supply Mfg., class B (reduced)
6-10-
$1%
—__$2
Corp.
.American
(Spokane)—
•
•
•
-
4-20
$1V4
1
Straus, Inc.
(quar.),
3-31
,
25c
common——
3-26
30c
•
preferred
5-15
4-15)
U2
5%
3-29.
3-r29
;3-15
3-29
4-15
4-15
When
eh are
B_—_-—
1
4-
1
•
4-15
'
30C-
,
Buffalo
1
Company
4%
Aero
Allied
$1V2
(quar.)
prior pfd.
Engineering
Northwestern
20c
15c
preferred (quar.)
preferred (quar.')
Northwest
4-15
10c
—
Penn Gas Co.,
River
1
Corp.—
New York Merchandise Co
New
5-
—__
National
New
"r50c
(s-a)___-
National Manufactures
$5Vb
(s-a)
&
Airplane
,
5'/fi
class
Laboratories,
Adams-Millis
(interim)
4-15
Food
Properties
4-5
1' ;
6-
25c
common
1
B*
.
12 Vic
$2.75 convertible preferred^,,
4-12
3-31
1
$2
Ltd.
Burlington Mills, $2Va
3-23
5- 1
■
30c
National
Name of
"3-23
5-
*
-■4-:^/';;
$1.50
:
Canadian
$1%
Calculating Machine, I'k pfd. (quar.)
Mortgage Bank of Columbia—
-
.
*-'/
1
UlVi-
Butler
•
5-
Per
5c
Monroe
"
,
5
$1.10
preferred (accum.)--—
•
•
week, these being given
.
$1
50c
•
1
11-
'75c
4-15
dividends announced in previoui
paid. The list does not include divi¬
this
/8- 3
Brooklyn Borough Gas, common
Brooklyn Union Gas——
3-25
3-31'.
5-15
*"500
Sons, 8%
shares)
announced
5-
62 Vic
62 Vic
3-30
•
ilfii
62 Vic
•
3-22
3-23
\
4-10
■.' 6 %- 2nd preferred
(quar,)
___/ _„/„^
Bronx County Trust- Co. (N, Y.)/_„„——/
3-25
25c
Mohawk Rubber—__
(Amer.
4-1
$lVb
__
/
3-13
.
4- 5
t37V2C
preceding table.
non-cumulative
Miller
dends
4-10
4-16
25c
7C
'
Common
*
give the
we
3-12
10%
(quar.
American Tobacco, 5% preferred-
British
:
Below
weeks and not yet
3-30
'
a—,
British Columbia Power, Ltd, class
British Columbia Telephone—
•
.
3-25,,
'
....
15c,.
+20c
,
(qua!*.)
preferred
4-15
10%
Bridgeport; Hydraulic Co.
■-
5- 1_- - 4-10 <
4-15.
...4- 5.
—
Corp, (quar.)
(quar.)—
8
4-
7c
a./:
National
Hats,
California
3-31
4-13
,
'
;
3-30
3-31
4-15
65c
(quar.)
Car
common
4-
50c
,
—,
Extra'
5-1
20c
—_____
6%
Steel
3-31
5
10c
"Extra
'
3-10;
6%
Ltd.,
*
3-31
4-
4-23'
_________
(quar.)
Brewers & Distillers
•-
4-24
___
7-1
6-5
;
5-12
4-15
..4-24
...
.
,
6-1-
4-. 5'' -"
4-15
__
Fisheries, $6 2nd pfd. (accum.)/—
Boston Edison Co.- (quar.)—
Boston Personal Property Trust
(quar.)
Bralorne Mines, Ltd. (quar.
_
12-^7,;:
.
6-21
9
4-
5-10
—
(year-end)
Booth
9-27
preferred A (quar.)—_—
30c
4- 1
Will & Baumer Candle Co.; 8% pref. (quar.).
$?
Wilson & Co., $6 preferred
(accum.)——,
"" $lVb
5- 1
Wisconsin Gas & Electric, 4Vb" pfd. (quar:),,
•
$lVs
4-15
Woolson Spice Co., common (quar.)—_—25c3-31
6% preferred (quar.),,—:3-31.
Wyatt Metal & Boiler Works (Irregular)
•
75c
> 4- 1.
50c
Electric
Manhattan
4-15
50c
Sayles Second Fund—
Light Corp
Lowell
1.
3-31
.
9
4-10;
Ltd.—
Bon Ami Co.; class A1 (quar/)—
•Class' B (quar.)
6-26
3-26
4-1.^
5* 1 .
preferred
$1%
,
Co.
Loblaw Groceterias, Inc.; (quar.)
Loomis Sayles Mutual Fund (quar.)
Loomis
3-31
5-
75c
common
preferred
Match
4-15
5c
30c
.
4-15
,
.
-
.3-31
.
.
80c
25c
•
■
-
20c
(quar.)
-
„
2-24
'
.
—
^
't
1
25c
Blue Ribbon
Corp., 5% preferred (quar.)
Boeing Airplane Co.—
Company reports that payment date should
be April 27 not the 21st as reported.
<
4-15,
.
4- 1
;
10c
20c
J25c.
—
Products—
5-
4-
■
3^10 y *
&-• V
5-10
5-10
(quar.)-u..—$I Vb
Whiting Corp.——c
20c
Keystone Custodian Funds 'series B-2
Special
Kinner Motors, Inc. (resumed)
Kobe, Inc., 6% preferred B (accum.)
Lebanon Valley Gas 6% preferred
(quar.)__
3-19
,3-25
;
3*20.:?
«.
75g;-
__
Western Commonwealth
Westminster
4-15
Steel
6-19
6-19
-
$2 «/a
.Birdsboro Steel Foundry & Machine,—
.
-
"
3-24
5-1
3-23 ;
4-.16,
;■
<„
.
3-31
20c
Insurance
,
4-21
3-31
6
6
4-15
25c
(Irregular)
preferred (quar.)
Hedges,
Biltmore
-3-19
•
.
(irregular),
^
$1 WJR, The Goodwill Station (quar.),——.
50c
Washington (D. C.) Gas Light, com, (quar.) 37Vbc »
$4 Vb preferred (quar.); ^;*
$lVfc$5 preferred (quar.)_____
—$1XU
Washington Trust Co. (Pgh., Pa.) (quar.)__
$1.50
Waterbury Farreli Foundry & Machine—
•
10c
common.,—
_
3-29-
.
.
5- 1
77-
4-19
68:,4C
(s-a),—
(monthly)
common
(quar,)'
Bensonhurst
..
(interim)—15c
Ltd.
,3-29
•
't. \ $lVb,
.
$1%
—
Mines,
-
Class:-A-
v^:'
3?25
i3n31-,;r
$l,/2
•
1
'■
*
•
20c.
;
——
Cold
West
.
(quar.):
convertible
,
4-1
87Vbc
—
common
'
.
3-26
15c
(quar.)
8%
preferred
island .Mountain
,5-1
25c
(quar.)——
preferred
25c
'
*
..
.
,.
4-15
1
>
•
Common
,
-
.
(quar.)_____
40c
—7Vic
Fibre-":
■
,3-31
,.5rl0,-_
'
^-22*
4-3
4-1*
4-17
15c
—
(quar.)
(irregular)
common
Hydro-Electric,
4-30.
;
5-15
5-1
20c
.
,
4-15
5-1
$2.25
Wilcox Co.
4-30.
>5-15
Utah
8
$2
$l3/4
Industries,
(monthly)
&
Benson &
.5-1,5
.
.
4-10
4-15
3-31
$l'A '
(quar.),./.
Bell Telephone of Canada
(quar,),/
Bankers Trust Co. (Detroit)
<s-a)„—
Bathurst Power & Paper Co., Ltd.*-
4-22
3-15
4-
5-1
Bangor
-3-25
5-22
1
4-22
Mills,
Baldwin Co., 6%
3-31
3-30
J5c
$1%
(N.. Y.)
S.
3-15
4-15
RR,—*
Baldwin Rubber Co.
3-29
Storage—
.1.
4% partic. prior preferred (quar.),.
50c
j3-31
U. S..Fire Insurance (quar.),,,—50c
%
6- 1
U. S. Oil & Royalties (initial)---,-—,--^—.
2c ... .3-15
Upper Michigan Power & Light, common-,—
v
'$5 i5-15 G'r -preferred (quar.)___^_.—75c-,.. ;7- 1
6%
preferred (quar.)^
75c
10-1
6% preferred (quar.)
75c-■' l-L-44..
25c
preferred (quar.)
20c
—'
Extra
U.
4
Babcock
5
,
(quar.).;
Quarterly —^-
'
4- 1
3-31.
4-15
50C
(quar.)
Line
Common
3-25
4- 5
Missouri—
of California
prior preferred
Fisheries
,
3-25
4-
4-15
$2.25
•
Hocking Glass, common-*
Avondale
3^25
.
4-15
•$i W
t
3-29
.
10c
.
United National Corp.-— • ^
'
non-cumulative, partic.;; preferred--,--,,,
United Pacific Insurance Co. (Seattle)—
-
4-15
$lVb
Union Oil
4-15
$1%
>
3-25
5-1
75c
50c
.
4-30
1
7/10c
(quar.)
;;
$i Va
preferred (quar.)_——<
$1VIi
Union Manufacturing Co.: (irregular)
j.
-37Vbc
4-8
50c
__
.4-
$5
4-10
4-15
of
1
3-31
,
$4.50 preferred
4-10
25c
(irregular)
common
5-15
4-20
Lamp
6-
.4-15
'
•
—
regis—
Works, 80c pref. (irreg.)—
Union Electric Co.
4-1
3-20
1'
Illinois
•
3-20
Co._
.4-15*
-.4-15.
5-15.-
;4- 1
.4- 1
Todd-Johnson Dry Docks, class A (irreg.)
Class B (irregular)—_—
Mfg.
5—1
.
4- 5
25c
$1%
..
•
4-15
.
4-15
4-30
'
Ordinary registration
Amer. deposit rets, for ord. regis.———,
Athey Truss Wheel (irregular) a—z,
Atlantic' Rayon Corp.—
$2,50 prior preference (quar.)—___,
$2.50 prior preference (quar.),,__l
$2.50 prior preference (quar.)
Atlantic Refining Co., 4% conv. pfd.'
(quar.)
Automatic Products Corp;,/,1
'
4-15
75c •/.
Electric
'
4-10
$2
$x
25c
Dry Goods
4-15
4-23
$3Vi
(s-a)—,—
Associated
4-10
•
3-15
5-15 ">■
*'
50c
(s-a)
common
Associated
4-15
25c
25c
_
Trusteed Insurance Shares
25c.
,
Hofyoke Water Power (quar.)
Home Insurance (Hawaii) (irregular)
Honey Dew, Ltd. (quar.) _________
Hummell-Ross
1
4-24
1
3-31
4-15
$iy8
common¬
non-cumulative preferred
Artloom Corp. (irregular)—
5-15
4
(D/ C.)—
'$!%*
5%
.3-31
■
3
4-15"
$1.25
Smelting Co.*- ■
preferred (accum.),/,
Atlantic Coast
5-1
+lc
(quar. 1
;
7-
4-1
■
1
5-
$4
Ltd
4-20
25c
Holllnger Consolidated Gold Mines (monthly)
Holly Sugar Corp. common (quar.)
Hardart
Mines,
4-20
$lVi
6%. non-cumulative preferred (quar.)Hat Corp. of America 6Vb% pfd.
(quar,)—
Hercules Powder Co.
6%
pfd.
(quar.)_'___
&
Gold
5-
J:
25c
.
preferred (quar.)
1
,
Giddings & Lewis Machine Tool
Giddings & Lewis Machine Tool (irreg.
Oladding
7%
Toburn
1
$114
(quar.)__
$1V8
37Vbc
___,—
5-
15c
6-25
12-
T"
9-25
&
3-27
5-15
3-31
1
4-.1
25c
20c
Tobin Packing Co., common
1
4-1
1
<
General
Carbon
5-
10c
,
4-
$lVb
;
common
$1%
Co...
General American Oil (Texas)—
8% convertible preferred (quar.)
50c
—
(increased)_'_,—
class A preferred (quar.)
15c
Mfg.
General Steel
5-
7%
•
Thermatomic
3-20/
1
(initial)
Machinery Co.
60c
Common class AA. (quar.)
7 % preferred (quar.)
Gellman
6-
4- 8
Paper, common
preferred (quar.),;
Lead
4- 5t
-
3
12-15
68 %C
5-15
1
1.
4-15
Symington-Gould Corp. (irregular)
25c
Talon, Inc., 4% preferred (s-a)"—
/.
20c
Teck-Hughes;Gold Mines, Ltd. (interim)—UOc
3-20
4-1
$1
(quar.)
1
6-
10c
9-
(quar.)
Anglo-Canadian Telephone 5Vb% pfd;
Apex Electrical Mfg. Co., common,
-
=
3-27
•
6-
37Vbc
preferred (quar.)__
Superheater Co.
(quar,)——.
3-31
4-
4- 1
9-15
$1.75
(irreg.).
6-
(San Francisco)—
convertible prior
Anchor
•
3-27
1
4- 1
6%
3-20
25c
(irregular)——
A
1
4-15
$1
$1V4
,,
vtc,
4-
6c
4-
40c
' 31V4C
Mfg.
Sun Oil Co., 4Vb%
Sun Ray Drug Co.,
3-31
$1
(quar )
37th
4-16
3-20
$1V4
—
4-20
9
4-10
3-30
6-25
C-15
Anaconda Wire & Cable—-—
•
,
4-15
4-
4-15-
■
X
1
10- 1
$1.75
(s-a)—
preferred
7-
50c
__,
Zinc
1
$1.75
convertible
$4.50
4-14
•
Amoskeag Co.,
4-23 '
.
..:.
(quar.)
(irregular)/—
Atlantic Coast
Stearns
5-25
12-15,;
:
1
4- 9.'4-. 6
3c
-(quar.)——-—
3-29
4-30
5*
$5
4-
4-15
—
Shipbuilding Co., 'common /
;
preferred-,/,-—.,/,',,/
Smelting & Refining—
American
„
4-15
—
preferred (quar.),—:
American Woolen Co., 7% preferred
(accum.)
6-15 p
J2-23
.
50c
4%
6-15
$1
J15c
25c.
(Chicago)
Trust;; Co.
preferred
5V
4-
4-
$2
preferred
;
American Trust Co.
12-15
7-,l
•
$1 Vi
(Lexington, Ky.),
3-20
5-1
7-1
12-23
•
Southeastern Investment Trust, Inc.
3-20
25c
—
(quar.)
Pitt
5-20
$3
3-29
Telephone (Abilene, Kans.)—
r
5% preferred (quar.),;—/,—
American Telephone & Telegraph
(quar.)
4-6
$3
4-13
5
non-cumulative
's Vb%
4- 6
6-
25c
1
(irregular)20c
pfd. (quar.),,
First Mutual Trust Fund Shares—
Fisher Bros. $4 non-cum, pref.
West
1
4-15
4-15
American
4-10-
4-15
$ 1 Vi
-
■
4^20 i
'
4-15
<
8
25c
common
•7% preferred (quar.),^—
American Statei Utilities Corp.,
.
4-15
.
50c
quar.)
5
50c
Filing Equipment Bureau 4%
preferred
4-20
(s-a)____
4-
J$2
1
$1%
4-
,
4,-15
5--1t
7%
American
4-20
•,
5-
$1V2
$1.75
& Trust Co.
Safety Razor
American
'
.
4-20-
^
5- ,1
-
37'/2c
(reduced)__
4-1
$iy8
1
25c
(quar.).
1st preferred
preferred
5-
■
.
4-20.
(quar.)
pfd. (quar.)
(resumed)
50c
convertible
5-25
5-
;
/American Security
Quarterly
4-)5
1
15c
'
10c
Federal Grain, Ltd., 6Vi % pfd. (accum.)
Federal Machine & Welder Co. (irreg.)
.
(reduced
convertible
5-
•
4%%
American
•:
/
1
5-1
-
-
,
50c
25c
.
Horn
7
5-15
$1
-
1st pfd. (accum.)—.—_
Southern Californai Water, 5% pfd. (quar.)
6% preferred (quar.)
Fall River Electric Light (irregular),:
75c
Federated Department Stores com. (quar.)35c
4y4 % convertible preferred (quar.),
$1.06 V4
7%
(quar.*).
(quar.)—
25c
Extra
$6
3-31
.4-
5rl5
50c
.
/6-1
3-31
5-1' '
$1.12
2nd
25c
„
Ferry Cap & Set Screw Co.
$2c
•
4-20
11-25
3-31
American President Lines preferred
American Rolling Mill—
,3-31
-
25c
,
preferred (s-a)--——r—
preferred (s-a)i
3% 2nd, preferred (s-a)_-,
Sanborn Map Co.* (quar.)______
Sangamo Co., Ltd.
Schenley Distillers
Seattle Brewing & Malting
; Securities Investment Co.
of St. Louis—
3-24
-4-10
Louis Bridge, 6%
:130c
Evans-Wallower Zinc, Inc. (irregular)
Falrmount Creamery (Del.) com
(quar.)__
-
:/
1
preferred
1
' 4-15
$1
..
—___,—_
Corporation—
preferred
4-20
15c ,4-20
6%. 1st
3%
4-20
6-15
4-
convertible
UOc
Eureka Pipe Line Co.^c
49
1
5-
10c
,
Economy Grocery Stores (quar.)
Employers Group Associates (quar.)
Fort
3-30
' 3-30
$1/8
37Vic
i.
_
$5
5
4-5
37 Vic
_
(quar.)_
4Vb%
5-
$iy2
(quar.),:
Royal Typewriter Co., common
7;% preferred (quar.),,
6-
;. 4-1-
4-10
,
1
5-15
'
Quarterly
4-10
•
8-25
12-
4-11
Qua r terly'
j,*, i.:,i
—•
:
American Paper Goods Co., 7% pfd.
7%
preferred (quar.) „_l_—_
7% preferred (quar.)—
3-26
1
1
15c
American National Bank &Tr. Co. (Mobile)
4- 6
.
lOc
3-31
Insurance
*
$134
•
—
1
Dravo
$2Vb
•
common
"5- 3
Dominion Oilcloth & Linoleum
Extra
,
4-14
»
Maize-Products,
Semi-annually
6
$lVi
(quar.)
American Nat'l Bank
4-
5-15
5-15
25c
American
3-30.
4-15
4- 1
$3Vi
3-30
3-30
69-
SI 14
(quar.)
preferred
Co. Inc., 7%
4-15
4-15
Philadelphia Si Trenton RR. (quar.),ii_4___
Phillips-Jones, 7%
preferred (accum.)
Plymouth Cordage (quar.),,-—,,
Employees stock (quar,)
J
Portland Gas Light, $6 preferred
(accunv)._
Powell Rouyn Gold Mines
(interim)^..,I___
6%
of Rec.
$l34
$1%
Furniture
Hoe,
Holder*
Payable
$1%
Fork &
4-15,,
4-30
(quar.),
A
American International Corp.
10c
A
American
v
15c
37Vic
—
4-15
pfd.
4-22V
&
(quar.)—
4Vi% preferred (quar.)
Darling Stores Corp., 6<k pfd.
Detroit-Michigan Stove-1
50c
$lVb
30c
7%
(quar.),.,
American
4-15
convertible
$1.50 partic. preferred class A (quar.)___$1.50 partic. preferred class B (quar.)
Consolidated Dry Goods common (resumed)7% preferred (s-a)
—
1
4-29
$1.40
_
—
,
5-
$1
A
(quar.)
4-15
.■
1%
;
Envelope Co.,
preferred
preferred
When
thare'^!
(quar.
American Express Co., 5% preferred
American Fidelity & Casualty (Va.)
3-26
5-: 1
50c
'7%
•
$114:4- -1>3-23
j.
$4.50 convertible 1st preferred (quar.)
Reed (C. A.) $2 preferred A (accum.)
Consolidated Chemical Industries—
common
'
50c
■/.
Cuneo Press
$lVb
pfd. A (quar.)
$1 'A
1.
Connecticut River Power 6%
1
'
Rhode Island Public Service, class A
$2 preferred (quar.)
$1V4
—-
(irregular)
4-
$1.40
—
American
•
3-26
-
Co.
Puicolator
,
5-15
■■■.■■;-
1
(quar.),_____
Pressed
5
5-28
-
$1 Vi
.
Mills
-4-
3-31
25c
——
■
3-16
4-14
1
lVi%
Columbia Gas & Electric;' 6% pfd. A (quar.)5% cum. preference (quar.)—_
Cum. preferred 5% series (quar.)
Columbia
3-31
$1
4-
Supply Co. common.
preferred A (quar.)l60c convertible preferred B (quar,,
Peaslee-Gaulbert Corp. Q% pref. (quar.)__
Pepsi-Cola Co.
•
3-31
$100)
(par
A
(quar.)$1 Vi
(quar.),
6Cc
Central States Electric Co.—
7%
3-26
Payne Furnace
3-26
4-
$1'/#
-
1
6%
3-31
4- 1
17c
(quar.)
preferred (quar,)—
Central Kansas Telephone Co. (s-a)__
Century Ribbon Mills, 7% pfd, (quar.)
4-
^ e- sName of Company
3-26
4.60%
4-30
.Per"
of Re0.
1
Parke Davis St
5-11
$$1
com.
noiaert
Payable
4-
—
preferred
preferred B
rvnen
,
10c
(quar )>*
—
Orchard Farm Pie $5 partic.
4- 9
4-9
$$lVi
,
Electric
&
Fer
*
pacific Portland Cement 6Vb % pfd. (accum.)
Panhandle Eastern Pipe Line common-,
5-15
5-1
7-
'
/
snare
——
Co.
Extra
<
Shares,'Ltd—
Hudson Gas
1
5-1
$$114
—
Central
4-30
3-31
3-30
Ltd.—
preferred (quar.).——
Canadian Bronze, Ltd., common (quar.)-—
>.
&% preferred (quar.)______
,
Canadian Fairbanks-Morse Co. Ltd.—
Canadian
5-31
$$1%
$lVa
convertible
.
(quar.)
$114
preferred .(quar.)
6% participating preferred
t3c
preferred (quar.)
preferred (quar.):
.,
common
5%
3-2
.
Buckerfield's Ltd. 7%
& Discount
Ohio Loan
4-6
'
-
Name Of company
of Ret
'
'
deposit rets, for ord. regis, (final).
deposit rets., 5% pfd. regis.——
Amer.
When
thare
;;f/ ;•
'
'
Monday,' April 5, 1943
—
^HVi
■»
6-
1
$1/4
9-
1
$1 Vi
12-
1
5-15•
8-16 V
11-15
.
'Volume 157
:•••••
'
v
[Ky-r per
:
Name of Comvann
(Chicago)—
Clinchfield Coal,
preferred_./___________
77$
Coca-Cola
77$
preferred (quar.)
Ltd.,
Cockshutt Plow Co.,
,
5- 1
t25c
v
Bottling Co. of St. Louis (St. Louis)
4-23
4-15
$1%
(s-a)____
common
3-29
5-1
$1%
4-
••
4710
\
3-31
^ Indianapolis
(N. H.I, 77$
preferred (accum.)
(Ontario)
75c
Moneta
4-15
3-31
Monongahela
Valley Water, 7'M
6-30
Monroe
Society,
$1%
9-30
$1%
12-30
Power
3-31
t
3-31
institutional
4-30
5-15
&
12-20
(initial) .11 _'_l.l.__w
Securities— ''.
group sliares__'International Bronze Powders,
y90c
■
$4
>
Quarterly
.
Quarterly
i$lVsf
t$lVt
,-Conn (G. C.i, Ltd., common (quar.)
:
6% preferred A'.iquar.I
7'f» preferred (qvlar,) __i
"Connecticut Investm't Managem't Corp. (s-a)
Consolidated
Car
Heating
Consolidated Edison of N.
-Consolidated
Inc.
Co.
$7.50
8% preferred
4-30
4- 5
4- 5
4-15
$1
4-15
Courtauids, Ltd.—
$114
5-
1
deposit rets,
for ord.
•
5-
&
87$
common
Davidson
Bros.,
Dennison
$6
«
7-1
6-19
Investment
1
9-18
i
1
4-15
Iowa Electric Light•&
2
$1%
t$8.75
4-15
4-
2
-.
.
6-
3-
4-10.,
4-10
5-15
25c
150c
,
■;-y
Jones
&
<quar.)_—
4-15
'
2
4-
7-22
v
5-1
4-20
5-1
4-20
1
5-15
75c
-
6-
75c
9-
1
12-
1
(quar.)
$1%
7-
„
10- 1
4-15
3-26
4-26
4-10
5-
5
50c
8-16
8-
5
25c
4-10
3-31
75c
9- 1
5-15
50c *
-
—___
Products.
.
'Diamond
Match Co.,
6 74 partic. pfd. (s-a)—
Corp.-Seagrams, Ltd.,
pfd. (quar.) (payable in U. S. funds)_
-8-12
>
'Distillers
•
574
Dixie Home Stores
Domq
Bank
Dominion Glass,
774
•
Ltd.,
preferred
xommon
(quar.)
de
Pont
Co.,
pfd.
'Electric Bond
8:
cum.
Share,
<
Employers Casualty Co.
Quarterly
Quarterly
(Dallas)
i
Erie
Railroad
Co.,
preferred
Brewing
"
Corp.,
preferred
preferred
$5
$5
Quarterly
4-
5-
1
4-
6
Lazarus
;
5-22
9-
1
1
5-29
pfd. (quar.)
1
$iy4
9-30
12-20
,;:57i>
Lion
$2>4
•___—
(quar.)
6 74
Products,
& Co.
4-15.
•t.
1
4-30
4-26
4-19*
4-2G
4-J.9
,
-
$1.18% '.
y
.
Firemans Fund Insurance (San Fran.)
Firestone
Tire
&
Rubber,-—,
First National Bank
<quar.$274
7
6 74
prior preferred
Fundamental
of
prior pfd.
5
4-15
3774c
Capital Corp.
Electric
General
Finance Corp.
General
Foods Corp.,
General
Investors
General
Mills
General
Motors
Co.
6%
preferred
4-26
3-12
67c
$5
4«-l5
4-
3-31
$1
5- 1
4-20
5- 1
$174
5- 1
§4- 5
i__________
pfd.
(quar.)—
(Montreal)—
Saddlery,
preferred
Greisedieck
57474
774
6 74
pfd.
4-15
$2
;
4-15,
5- 1
f
25c
4-15
+$1%
t
&
4-15
l
3-19
77c
convertible
7-26
1
10-25
1
See
.
preferred
Field
5To
partic.
preferred
f75c
(quar..)__
;
4- 5
J75c '
50c
,
'
,
4- 5
5-
(
-
6-10
5-25
8-25
Old
12-10
11-24
4-15
3-24
4-15
3-2*
5-20
5-20
Pacific
9-
8-20
Pacific Lighting Corp., $5
9-
8-20
Pacific
12-
11-20
Packard
12-
11-20
Packer
5-
4-17
$1.3174
$l:'7/a
—_
4-24
6-19
Paraffine
1
9-21
Paramount
1-3-44
12-24
5-
4-15
4-
6
y
34%c
6- 1
y
3-12
5-14
Trust
Quarterly
Extra
Halle
—
Co., $2.40 conv.
Refractories Co.,
preferred (quar.)__
Harrisburg Gas, 7 74 preferred (quar.)
.Hartford Electric Light (quar.)—.
Harvard Brewing Co. ("irregular)
-
74
Hershey Chocolate Corp., common (quar.)
$4 convertible preference (quar.)
Hibbard, Spencer & Bartlett (monthly)^—
r
3-31
4-15
.,
(quar.)_
5
3-26
3-24
3-31
4-15
3-20
4-15
3-20
17c
4-20
6274c
4-15
1
43%c
12-
t$174
(quar.)—
;4 72%
Mclntyre
5 7'e?" preferred
5-
4-20
Porcupine
Mines
$174
(quar.)„;
"/'45574c
6-
$174
5-
67c preferred (quar.)_.
Mead
$1.50
4-20
4-
6
Mercantile
$1%
4-15
3-31
5 7c
5-
1
4-15
57c
preferred
4-15
3-31
6 7c
preferred
(quar.)___■__
fquar.)
75c
5-15
4-24
67c
preferred
(quar.)
$1
5-15
/
Johnson
&
Co.
(quar.)__
Extra
68%c
5c
15c
'
4-30
y
Acceptance Corp.
preferred
(quar.)
of
5-
4-10
4-19
3-15
4-19
3-15
'f
-
Power
Merchants
National
Bank
(Boston)
4-20
Merchants National
Bank
(Chicago)
6-
5
6-
1
25c
9-
5
9-
1
r
30c
|
6-
5
6-
1
Premier
30c
9-
5
9-
1
Prentice
(quar.)_
$3
(s-a)__
$3
:4-15
7-
8
3-31
6-20
6-19
6-19
10c
4-30
3-31
$1
4-15
4-
1-
67c
5-10
5-
9
50c
7-
1
6-15-
10-
1
(reduced)
(quaf.)_.
.
6 74
(,quar.)__
35c
5-15
(quar.)__—
35c
8-15
8-
35c
11-15
11-
(quar.)
(quar.)
5'
5
5-
35c 2-15-44
—___
2-5-44'
5-15
4-15-
$75c
$$1.50
4-
5-
1
5-
1
4-
6-
1
5-1
5-
'
1
4-15-
4-15
3-22-
4l26
4-
1
5-1
4-
1
5-
1
4-9
5-
1
4-
9
4-15
3-19
4-22
4-
1
4-22
4-
1
10-22
10-
1
4-15
4-15
$17'2
3-29
3-29
(quar.)::—
5-
1
4-15
(quar.)____
5-
Brewing,
1
4-15
4-10
3-25'
4-26
4-
4-
$374
3-10
6
9
4-15
4-10
4-21
3-15
4-15
3-26
15c
non-cum.
par-tic. pfd.
Gold Mining
(G;
4-15
3-26
15c
4-15
3-26
"Sl^a
4-15
3-19
J75c
4-15
3-19
*li;2C
4-15
3-15
50c
(quar.)
4-15
&
4-
—
:
——
Mfg
Preston East Dome Mines* (auar.)
Procter
9-1512-15
1-1-44
convertible-preferred (quar.)„_____—
Corp. of Canada 674 pfd. (quar.)
25c
—
5-24
6-30
Extra
-■67$
Calif.—
4-24
7
1
1
1
75c
50c
McLellan Stores.
8
3-31
1
5-31
6-30
—_
(quar.)
—
preferred
preferred
.Pittsburgh
3-31
(quar.)
40c
$372
—
$174
_______
$1.0674
pfd. (accum.)—_y
$1
Pittsburgh Coal, 67* partic. pfd. (accum.)_"
$1
Pittsburgh Fort Wayne & Chicago—
-77$ preferred .iquar.)__
7—$1%
,Pittsburgh Nat'l Bank (Pa.) (quar.).
75c
/ Pittsburgh Screw &
Bolt_—
10c
Plomb Tool Co., common
(quar.)
15c
'4 4 74 7'0
4-15
common
Extra
1
pfd.
5'
->
1
(quar.)
6*
4-
__
1
9-
3-
4-15
$1.2774
$174
$1
Philadelphia Co., common (quar.)_
10c
i
674 preferred (s-a)—
.1
—$174
Philadelphia Electric Co., common <quar.)_
30c
4.474 preferred (quar.)____—_______
$1.10
Philadelphia National Insurance
30c
Philadelphia Transportation, com. (initial)40c
Participating preferred (irregular)—.
50c
Participating preferred (irregular)
50c
Philip Morris & Co.,-Ltd., common (quar.)_>
75c
3-31
i
3-31
5
5.1074 /preferred Class A (quar.)—
Pennsylvania Power Co., $5 pfd. (quar.)__—
Peoples Gas Light & Coke, iquar.)__
•
3-31
4-15
Ltd.,
3-31
4-
/ t
3-30
6-
4-
r
A
4-
5-
4-15
class
3-31
35c
4-15
cumulative
3-31®
4-15
$374
;
pfd.
A
11-5
43%c
$4
$1.40
class
4-15
37 74c
1
(quar.)
60c
,<•
pfd.
Harbison-Walker
6
t$iy2
:____
,___
__—
Brothers
class'A
cumulative
4-15
10c
6 74
preferred (quar.)
Pennsylvania Electric Co.-~
317V2C
i 1714c
(irregular)—
—
1
50c
cumulative
$1.40
5-
4-15
50c
A
Penmans
4-15
4-15
>
class
5
437ic
McCrorv Stores,
—
(quar.)
(quar.-)
cumulative
5
4-10
4-15
5-15
$174
$174
(quar.)
1st
8-
4-15
5-15
$1 Va
:
common
5-
•
Guarantee Co. of North America (Montreal)
674
8-14
& Co.
Oil, 6'M
Pictures,
Telephone,
5-15
50c
<quar.)„
McColl-Frontenac
preferred
11-15
/
3-31
*$1%
(quar,)-
$lJ/2
$174
7'M1,preferred (quar.)—
preferred
4 7c
r
3-31*
4-10
25c
common
4
:
E.)
Gamble
.1
1*
1
4-15
(quar.)—
(irreg.)—
S1.40
:
-y*. ,y.-■:
McCall
Brewery—
(quar.)
-
4-
5-
J$1
1:25c
preferred (quar.)'_
preferred
$1.40
•
4-15
3-31"
4-15
50c
-/.
Producing & Refining Co.________
Common
-
4-15
1
3-25-
iquar.)50c
67o
Car
Cos.,
Peninsular
v
4-15
4-15
(quar.)
Mfg.,
3-31
1
3-31
25c
25c
(accum.)
7ft preferred se/ies A (s-a)
77o preferred series B (s-a)
•
7-
5-
3-31;
4-15
class A (quar.)
Electric
& Tel.,
Corp.
4-15
1
3-31
4-20
Shares "(quar.)
Trust
Motor
Panhandle
25c
McClatchy Newspapers, 77o preferred (quar.)
Corp.
Tel.
Pacolet
3-31
10-
4-20
$174
Steel Products, common (quar.)—
,7(4 preferred (quar.)
Co., 6'M 2nd preferred (quar.)——
3*31
1
$174
Associates—
Ontario Silknit, 77k preferred
Y.)—
(quar.)___
3-31
$1.3174
50c
7
4-26
■
(Minn.)—
50c
iquar.)
3-31
$$174
Outlet
6-
4-26
Ontario
6-
3-31'
3-31,
.
(accum.
Colony Trust
3-31
4-14
$5 preferred (quar.)_—_______—_____
Ohio Match Co. (irregular)—
9-10
4-14
yy'4-14
$1%
fl2c
r
Common
3-
5
Public
11-24
$1.62 74
———
3- 5
4-15
1
4-15,
Northern States Power
Massachusetts Utilities Associates—
3-31
1
$174
Co.—
Investors
5-
(quar.)_.
Service—
12-10
Sl'A
$1.62a/2
(quar.)—
(Marshall)
3-31
25c
3774c
common
preferred
5-25
&
3-31
4-15*
,
Gas
1.
4-30
1
8-25
y 4-15
5-19
4-20
9-10
.
1,
2
5-
6-10
.
58-
5-15
$1%
series
4-15
11-
$174
1st
1
4-20
preferred (quar. 1
(quar.)
77c preferred 1 quar._____
Northern; Ontario Power common67c preferred (quar.)
!
Northern States Power (Del.) —
6'c preferred (accum.) _1
preferred
4-16
5-
8-16
574 7c
77v
3-31
11-15
6'M preferred
1
y
1
(accum.55c
4-15
4-
'
5-
$1
—
5?-
i .yiVzC
Calculating Machine Co. (quar.)„
& Tel., com.
(reduced, quar.)
(quar.)„
Massachusetts
Indiana
3-31"
60c
convertible
Northern
4-10
7
4-15
Corp.—
25c
$2
y
Tel.
&
(quar.)—
Investment
25c
preferred
..
Marshall Field
3'31
4-15
(quar.)
1
4-
1
4-15
50c
$10.89
—__
6'M preferred
(quar.)—
;
Margay Oil Corp.
5-15
$1.75
811-
5-
50c
iquar.)
(accum.)
preferred
$1.50
•
Corp.—
& Co.,
Brothers .(irregular)
Trust Co. (N.
Maritime
3-31
6274c
4-24
30c
57/2 7c
•
A
:_
Northern Illinois Corp.,
3-31
1
77c
(quar.)
convertible preferred
(I.)
Manufactures
4-10
•
4-20
1
preferred
4-15
4-15
Railway Co.—
Oliver United Filters,
(R.;C.) Qo., class A (quar.)
Mandel
•
9"
4-26
,
(quar.)__
Western
Mahon
4-10
$1.50
.
20c
1st
1
t$174
(quarJ
preferred
Magnin
Marchant
(quar.)
5-
American
67c
class
y
Western
3-25
1
50c
Corp.,
(quar.)
&
4-16
1
4-15
$1.18%
tl2c
_
(quar)—
adj. preferred
North
2
5-
—
4-
$4
3-26
4-
A
Norfolk
6-14
1
8
iquar.)
3-15
5-
$1
$1%
preferred (quar.)—
5c
$174
6c
7-
4-15
4-15
35c
67i preferred (quar.)__——$174
Macy (R. H.V & Co. (quar.)
50c
3-31
(quar.)
4-14
4-15
Lyon Metal Products, 6'M partci. pfd. (quar.)
MacAndrews & Forbes, common (irregular)-
4-17
(Boston)
<quar.)__
Corp.,
Co.
'
1
4-15
Class A
4-
$1
Ltd.
Co.
4-15
3-15,
5-
75c
$1.10
par)—
County Gas & Electric
35c
$4.50 preferred
Trust
Power,
L.)
5-
Class
5-
31 Vic
5%"7&"preferred iquar.)—*—
4-10
Mills, 5% prior preferred (s-a)
Hosiery Co. Inc., 774 pfd. (quar.)—
.Great American Insurance (quar,)„
(H.
4- 7
4-20
>.•;
5- 1
Gotham
2nd
4-20
Luzerne
3-31
Hundred
4-
3-31
4-24
$1.62'/a
22c
—
(quar.)——
preference
West
3-31
3-31
4-15
Nineteen
3'
4-15
1
Telephone
1
5-
:10c
,
—
$1V4
______
4-10
Gosnold
674
7
Brunswick
4-13
$1V4
___
7-31
4-15
13%c
(quar.)
Co.-.
$1.10
(quar.)
75c
(quar.)
Gimbel Bros., $6 preferred
Golden State
Co
Great
preferred
$1.50
(irregular)—.
General Trust Co. of Canada
Green
preferred ' (quar.)
6Va'/o
preferred
•
Water
$1.10
preferred (quar.)—
674 7o
10c
common
Co.,
General
Great Lakes
6'/27c
15c
General
General
Non-cum.
($100
(quar.)
—„
Ltd., class A_,
Inc.
preferred
5747"
Tea,
$174
(quar. l
4,
3-20
4-15
$174
t50c
f$1.00
—
50c
par)—
_____
(quar.)
Garner Royalties Co.
Baking
57c
Lunkenheimer Co.,
Light, $6 pfd. iquar.)__
Corp. (quar.)—
50c
common———
($25
9-15
25c
iquar.)
common
(Ky.)
(quar;)
$174
$17/8
(quar.)
4-
1
8-16
4-
37Vac
$lVa
(quar.)
preferred
3-31
4-15
;'4
25c
1
4-15
50c
y.
3
3-3L
—___
4-22
10-
k
12-
4-15
Participating
5'io "preferred
__
Telephone (Ohio) 67« pfd. iquar.)Sl'4
Newberry (J. J.) Realty, 6'M pfd. B iquar.)
$174
Newport News Shipbuilding & Dry Dock—
$5 convertible preferred (quar.)
$174
3-31
(quar.).
1
4-15
Newark
3
3
12-11
-
6-15
(quar.)—___
$35c
Inc.20c
69-
•
preferred
-Louisville Gas- &. Elec.
3-31
7-1
6-11
9-11
:
4-10
'
2c
$3
Car
—
Naugatuck
3-31
<quar.).._
■
(s-a)_
New
4-10
(quar.)__
-
—
50c
:
Lord & Taylor, 8 fic 2nd preferred
6-23
preferred
3-31
25c
•_
•
Participating •
5% participating
yyy/
6-25
.
$174
:
Co.,
5
3774c
(quar.)
(irregular)
Preferred
5.
6-25
1
6-30
Canada
Investors,
.
1
7-
$1
(quar.)
Fyr-Fyter Co., class A__„_k.^—
Gardner-Denver
7-
50c
—
:
Foundation Co.
Class B
4-20
(Jersey City) (quar.)—
Co., 574 conv. pfd. (quar.)
Fishman (M. H.)
Foster Wheeler Corp.,
44-
4-15
Bank
National
674
75c
4 3774c
_•
(Chicago)
Extra
'First
v
(quar.)
participating
5 7c
3-31
4-10
__■■■
Participating
4-16
National "Tool
3-31
(quar.)
5%'. participating' preferred
'•
•
•
National
4
$1.25
Accumulated
5'M
Steel
4
Longhorn Portland Cement—
4-15
25c
<quar.)_____
common
4-10
4-15
20c
—
(quar.) _^__—
preferred
4-15
5-
y
$174
3-31
5-
4-15
30c
—:
RR.
guaranteed
3-31
4-20
'4-15
$1.30
(quar.)_
—___
3-31
$134
(quar.)_
■>
;
ii.,—
pfd.
Power &
Extra
9-
yy:? 25c
4V2 %
4-20
35c
3-31
37V2C
Original capital - (quar.)
Original capital
(quar.)___
Original - capital - (quar.)_'_——
Long Bell Lumber—
/
Ctfsi of bene. int. 575? pfd. (quar.)—'
3-31
4-15
Miami
35c
$1.50
75c
1
preferred (quar.)
Refining (quar.)
(quar.)____
4-15
35c
(Ind.)
3-31
(irregular).
Naumkeag Steam Cotton—
;
Neisner Brothers," 43V'M preferred (quar.)_
25c
pfd,; (quar.)
5.2',w
Insurance
7-23
10-20
4-15
50c
(quar.)___l_
Special
5
$174
,
prior pfd.
(quar.)___
Sons,
(Wm.)
434'4
4-
50c
-
(Marshall)
Fllene's
4 r'.
v
Life
National Paper & Type,
12-
30c
Nat'l
2
1
'y
(quar.)—
Co.,-special gtd.
Special' guaranteed (quar.)
9-11
1
4-15
V...
—
Oil
Little
Finance Corp. (Wash., D: C.)—•
preferred (quar.)—,—
Field
10-
National
National
8-
4-15
(quar.)_____
(quar.)
6'M pfd., class B
9-15
J50c
,Lit Brothers, 6 7£ preferred (accum.)
6-11
25c
•
—•
674 preferred (quar.)
______—
Fen ton United Cleaning & Dyeing—
7 74
7-1
6
4-21
10-30
Metropolitan Bank (Wash., D. C.)
.V Semi-annually
National Motor Bearing, $174 pfd. iquar.)
8-
4-15'*
1
2c
y.
(quar.)
Funding Corp., class A
B
5
J50c
(quar.)^
^
Liquid Carbonic Corp.,
12-15
$274
;_
(quar.)
Class
1
5-
25c
;
12-15
Corpy (quar..)__.T'—25c
Corp.,: common (quar.)
50c
preferred tquar.)—
$17'a
Class B
9-15
$174
National
2
5-
2c
_l__
Gas
4-
50c
(qu»r.;_
;
Fuel
4-1T
1
4-15
1274c
(quar.)
Machine
National Lead,
1
11-5
i; 5-
"Lincoln Tel. & Tel.,-class'- A. (quar.) _—50c
6-15
Quarterly
Quarterly
Products
Welding
6c
Quarterly
9-16
6-30
$174
'
5-
6-
50c
Quarterly
5-15
10-
4-30,
75c
5
6-15
$1%
(quar.)_i_r__
common
3-30
4-17
5-
8-16
$1.75
(irregular)
& Co.
Cement,
4-20
3-31
4-15
5-15
4-. 9
-
11-20
.
R.)
1
4-15
5-1
National
3-30
11-15
Stores
4Va7w
-
12-
3c
&
■
<quar.)____
5-
15c
______
25c
5-15
+50c
>
30c
25c
(quar. 1
50c
4-16
$1 %;
-
•
Corp:
________
3-31
•
8-21
15c
Common
Fibreboard
(F.
preferred
Lincoln
1
(quar.)_.__
-
'•Lexington Telephone Co.,
$1.25
Share
"
$1%
yj.
preferred
Portland
47i>
>
1
1
^
Federal Serv.
>
convertible
Lehigh
•
2
11-
Register
4-17
25c
.
convertible preferred• (accum.)
Mfg.—
3-12*
4-15
50c
Cash
1
25c
"
_
Plant-Choate
11-10
.
;
5-
77-2C
25c
(quar.)
(accum.)
•'
'
1
Casket Co., common (irregular)—
City Lines, Class A (quar.)________
$3 convertible;preference (quar.)
National Dept. Stores com, (initial quar.)
'
preferred )quar.)_
preferred
8-10
12-
15c
National
$l3,i
(quar.)____
convertible
5-10
1
common_____________
&
4-20
3-26
.6-
Co.,
,
Bond
•
4-15
4-
4- 5
$1.25
5-
4
class A
1
9-
National
9-15
5-
Lehman
8-
1
32c
a'
5-
10-
1
'■Class B
3-31
6-
National
5-
(interim)—
4-15
15c
iquar.)
(quar.)
National
1
4-28
3-20
^.___
class A
Electric, $).J/2
4-
Sl'/a
50c
Farmers & Traders Life Ins. (Syracuse, N. Y.)
Federal
4-15
10c
pfd.
preferred
Biscuit
6-17"
6-28
(quar.)15c
conv.
convertible
National
5
35c
Lerner
(quar.)
•
3-
_
Lawrence Gas & Electric Co.
1
$1.25
.•
6
iquar.)
3-31
(quar.)____________
Quarterly
4-
6'«
preferred
6
75c
(quar.)—
50c
Fund__'-J_'____..______
Fibres
Auto
6
V $1
5-
30c
Investment
convertible
National/Battery; Cot
3-29
.
9-16
12-16
National
11-10
1
4-10
9-28
4-
La
4- 5
30c
12-
15c
preferred
5-15
1
12-28
4-
Inc.; 7'3
3-31
6-
50c
America—
67,;
8-10
4-17
Co
Mines," Ltd.
4-15
Telegraph—
$174
4-30
3-31
•
1
__—
Gold
3-31
$172
4-30
4-15
-
9-
$2.95
Furnace
&
ii<'o
"7,
5-10
1
•
Stove'&
5-15.
3-31
4-20
$174
Electric
4-15
___.
common
3
4-20
62'iaC
(quar.
Distillers
$1%
;
6'M preferred (s-ai—
Fansteel Metallurgical, $5
6-
377-2C
(quax*.)__
(quar.)
National
$174
(quar.)___—
Palstaff
4-
1
5-
(quar,)_
7%
$174
(quar.)
preferred
8-26
11-25
(quar.)
National
3-15
—___30c
$5
1
1
preferred
1
(V
(quar.)v^—
preferred
$5
$5
9-
12-
preferred
Mutual
$1.06 lA
common
7-7c
$174
3774c.
(quar.)
_______
5-26
1
$17-2
of
Co.
4-
•
(quar.)
7
preferred A (quar.)
Empire Trust Co. (N. Y.i
1
6-
1-3-44
preferred
National
3-31
6-
JL5c
(quar. 1
Langleys, Ltd., 77c conv. preferred (accum.)„
9
4-24
4-15
$174
Chemical
4-10
67J»
,r" 3 -15
(quar.)_
preferred (quar.)_____—
El Paso Electric (Del.) 674 preferred
10-
1-3-44
lc
;
common
quarterly
4-20
•
3-15
'
4-15
z
i
4-15
4-15
(quar,)_-__—
—774
1
1
6'5
3-31
l
30c
_______
preferred
Langendorf United Bakeries,
5-1
pfd. (quar.)
pfd.
pfd.
7-
10-
$172
Development Co.—
(quar.)
States. Telephone
4-10
3-19
'!
4-15
(quar.$i74-
conv.
$5
1
$1
4-28
'3-15
.'4- 1
$6
.
6'io
3-31
•
#,}$1%
(quar.i_____
preferred
4-20
30c
Lane Bryant,
?
pfd. (quar.)
Nemours & Co.. $4.50
,;J Duquesne Light, 574
Eason Oil Co.. $174
4-20
5-1
■
i'$l%
_
774
4-20
—_
preferred
4-15' .V
1
4-15
J40c
$$2
t$\V*
.
7quar;)
-Dominion-Textile
5-
15c
(quar.)
Dominion Tar & Chemical, 572 74
Du
$174
'
Canada
3-25
7-
6'M
75c
—
(quar.)———
of
3-31
4-15
..
$1
preferred
Reduced
3-31
••
Ltd.—
Mines,
'Dominion
3-15.
4-30
:737c
$48c
(quar.)
5-10
4-12
4-15
50c
Muskegon Motor Specialties, $2 class A iquar.)
3-15
Kirkland'Lake Gold Mining (s-a)
Kroger Grocery &. Baking—
/ 7% 2nd preferred (quar.) "
Krueger <G.)- Brewing Co. (irregular)______
LandisMachine,"" common' (quar.)
Common (quar;)
Common (quar.)
-; 7% preferred
(quar.)
77» preferred
(quar.)____;
7% preferred' Tquar.)
>12-23
30c.
__
12-23
•
3-31
8iy«c
Keystone National Bank (Pittsburgh)
1
•
3-15
4-20
..
1
10-
7- 1
25c'
(quar.)'____'___^_____'___'_*_—
pfd.-(quar.)'
iquar.)
(quar.)
$1
Kerr-Addison
.
11-15
preferred
<quar.)___
$1%
1
(qnar.)__
Mining &
DePartme"t Stores (quar.)—
10c
Kearney' (James "R.) Corp.' "<quar.")__^__n—
127'2C
Kellogg Switchboard & Supply, common..-,15c
57o "preferredi(quar;)^,_l_-__-_—_'_-____i.$174/
Kentucky Utilities. 6'M preferred (quar.)
$P/a
8-16
75c
1
4-15
4-15
.
Kaufmann
7%
Steel
Semi-annual.
Kalamazoo
'
preferred
1
$17y2.
Oil
Mountain
4-15
4-
Kalamazoo Allegan & Grand Rapids RR. Co.—
3-15
$1%
574
1
6-
67o
Engine!
Joplin Water Works,
6-18
4-30
30c
Laughlin Steel Corp.,
4-17
—
,,Detroit Michigan Stove, 574
5-10
6-
5-
$2.25
(/■
Diablo
v.;" 57c
Z75c
^__
4% 'i?
Co.,
3-31
___——
& Mfg. Co
8
5-10
(quar.)•
Quarterly
4-14
1
>51. 87VaC
(quar.)
(quar.
Air era ft
4-28
(quar.)
Detroit
>
Tea
4- 6
4-15
preferred
Edison
Common
Jacobs
75c
<quar.)__._
7 74
Detroit Gasket
preferred
common
Mountain States Power,
3-17
5-
Power Co.—
(accum.1
(quar.)
$1
37'/2c
$2
pfd. iquar.i___
,:} 7%- preferred (quar.)—$1%
'Detroit
Common
Jewel
8-16
10c
y
4-15
4-15
6-30
>
■
3-25
4-26
30c
(s-a)
4
7VaC
common
(quar.)
Ward
Plan; Industrial Society
Mutual
5preferred B (accum.)
6 7'o preferred C laccuin.)
Iron Fireman Mfg., commpn
(quar.)
3-31
_
preferred A
Mt.
4-15
$1
___
i
5-17
1
4- 7
$2
(quar.)
Common
4-
6-1
Quarterly
Quarterly
•y
Ltd.-—
preferred
convertible
6Ve
77n
..
.
5',4k
.'. 377ic
,
Foundation,
5-
4-
(liquidating)
Equipment
10-
4-26
debenture stock tquar.)_
prior preferred (quar.)——
Common
5-
25c
(quar.)$1%
Telephone, S6 pfd. (quar.)—_____
S^/a
Fund Inc., series C—10c
Mfg., 87$
convertible
'Dentist's Supply,
preferred
I'M
Home
65c
regis.—
(Wilmington)
1
8%c
;
Interstate
Inc.—
Delaware Trust Co.
4-
$1%
_____
common.....
I'M
preferred
iquar.)
Interstate Department Stores,
Investment
(quar.
Dayton & Michigan RR., 8'4
1
I
4-15
iJVm. R.) Dry Goods, (qtiar.$l'/2
Morris
,
Interstate
preferred (quar.)
Culver-& Port Clinton RR.
1
4-15
5c
Forster,
4-
ri
3-25
4-1
;
-
Crum
»
3-26
1
5-
4-15
Co
Drug
4-15
1
.4 50c
Creamery Package Mfg._
Credit Utility Banking Corp., class B (quar.)
Cork & Seal Co., Ltd, (quar.):
Crown
$17/4
5-15
.Crown
.
(quar.)__
4-
5c
Quarterly
3-20
$2
.
,,
4-15
Vic 'preferred ;*«quar.)
3-26
$1%
.
(accum.)___
■
,
.
4-15
50c
127&C
<quar.)_
$2
•/-.
t37V2C
<quar.i___
common
International Milling.Co., "5'M* pfd.
Nickle (Canada) —
3-31
(quar.)
pfd.
Harvester,
3-15
4-15
3-22
$2.25
(s-ai_
/^■Quarterly
International
5
3-25
10c
Cooper-Bessemer Corp.,' common________
Products Refining, common (quar. 1
77*. preferred, (quar.)
Corrugated Paper Box, 77$
"
$1%
(quar.)
pfd.
4-
■
participating preferred (quar.)
67»
International
12-24
4-15
$l'/2
'
■
-Corn
Amer.
9-25
pfd. A
Light Heat. & Power
3-lo
1
4-15
"
—_______
Y., $5 pfd.
Laundries,
-
10c
;Consolidated '.Oil Corp.• • (quar.)
.Consolidated Retail Stores, 8pfd. (quar.)
v
6-30
9-30
-12-31:/
i$l7/2
;
,
5
4-15
$2
$6
Telegraph Co.
1
V 5-
k
$.2c '
(s-a
Co.,
Montreal
'
'.Quarterly
C
Power
Moore
4-15
6-
4-15
iquar.)______
$4.50
Montreal
50c
J20C
___________
com. (quar.)_
class A
Co.,
4-10
"
•
6-25
Chemical
preferred
Montana
3-31
4-20
\
1
27AC
pfd. (quar.),
$4.50 preferred; B (s-a)_"__„__l____i..
.
3-31
4-15
30c
Loan
Monsanto
9-20
1
5-
Sl3^
__________
Montgomery
V-. Aviation
—
6-21
"
1st preferred
60c conv.
5-
j$2
4-
$17a
Corp.—. 'icCCiiri'-i
Class A participating (quar.)__-_yyy___-_
Porcupine Mines (quar.)
//
$1%
,
3-23*
4-15
Molino Pressed Steel
3-31"
y
of Rec.
6
4-
15c
Mississippi Power & Light, $6 1st pfd. (quar.)
3-31
6-
Holder»
Payable
25c
Supply/ (irregular)______
&
5-17
(quar,):J_l______
Light___,
Brownhoist—
Industrial
y
share
__1
1
^
4-15
Piping
When
Per
■
Co.__
Copper
Midwest
,; 3-31*
.
; >■
■
Name of Company
.
4-15
Imperial Bank of Canada
■
.' •;
,
,
Miami
.
f50c
4-20
:
y
.
4-17
1
4-15
$1 %
y,
3-31
y 4-15
__
(interim
B
Class
4-17
5-
Fibre, 67M preferred tquar.)
vl $l Va
classt: A*'(interim)J50c
Ltd.#
1233
of Rec.
1
4-25
lc
Huttig'Sash & Door, 7 7r preferred (quar.i__
<"
,7%.7pfel'erred M tquar.)
7 7» preferred <quar,)__'
^
3-31
5-
30c
preferred ,{quar.
4-20
4-14
(qtiar.)
pfd. (quar.)
___l.il
(quar.)__i_r-__'______________ '25c
Finance Corp.,"common (quar.)$1
Hummel-Ross
Hunt's
_
Confederation Life Association
5'.c
1 £
conv.
Holdere
When
Payable
Inc.
'
5-15
Colgate-Palmolive-Peet, common (quar.)
12 7'aC
5-15
Collingwood Terminal, common (initial)
:j'25c
4-20
:1'm non-cumulative preferred (initial)
^
4.25c
4-20
'Columbus Poods, 57$ preferred (quar.43%c
5- 1
.Columbus & Southern. Ohio Electric—.
.6 \'i '/o
preferred (quar.)
$1.63 /
5-1
Commercial Alcohols, Ltd., common (quar.)
15 c
4-15 8% preferred (quar.110c
4-15 t
Concord Gas
Holder's
*
Household
,
,
Holly Development Co.
1
>v, 6-
25c
Higgins.Industries^Inc., 6'M
<
4-20
4- 7
20c,
____
Works,
Water
.Clinton
:
$1",
Quarterly;—
'Cliffs Corporation
yy
,
-
.
i.'Per
,:.'iName of Company
thare
""y
el JIM.
Payable
.
■
.
Holtere
' ; Wfitn
Mere
City National Bank & Trust Co.
■
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4165
Co., 8%
pfd.
..
(quar.)
,
£50
$2
-
1
4-15
3-15-
4-15
3-25*
THE COMMERCIAL
1234
Holdert
Per
Name of
Company
When
thare
< ;
Payable
t5c
Proprietary Mines, Ltd
Prosperity Co., 5%
5%
preferred
(quar.)—
preferred
Public Service
—-
of New Jersey—
(monthly)
6Yo preferred (monthly)
4- 5
7- 5
'
'
Corp.
Power & Light—
preferred (accum.)
$5
preferred (accum.)
$5 prior preferred (accum.)
.—
Putnam
(George) Fund (Boston)—.
;—
Quaker Oats, 6% preferred (quar.)__
11—
Quebec Power Co. (quar.)___
Railway Employees Corp., 8% pfd. (quar.)__
Rath Packing Co., 5% preferred (s-a)
—.
5%
preferred (s-a)
Reading Co. common (quar.)
—
2nd preferred (quar.)
_'
Reda Pump
(irregular)
Regent Knitting Mills, common
—$1.60 non-cum. preferred
(quar.)-.—
$1.60 non-cum. preferred
(quar.)__;
$1.60 non-cum. preferred
(quar.)
Reliance Manufacturing Co. (111.) common—
prior
prior
4-15
7-15
10-15
4-15
5-29
5-25
4-20
5- 1
11- 1
5-13
4- 8
4-10
4-15
6- 1
3-19
6-18
9-20
3-31
5- 1
4-19
3-31
4-20
10-20
4-15
3-18
$114
$114
15c
$l'/a
% i'25c
20c
$214
$214
25c
50c
8c
$25c
40c
40c
40c
30c
15c
15c
20c
$1.3114
$1.75
$1%
$134
$134
$l3/4
-
•
—
—
pfd. A (quar.)
Republic Investors Fund, 6 %
6% preferred B (quar.)
Republic Natural Gas (s-a)_;
Copper & Brass 5'AYe pfd. (quar.)—
preferred (quar.)——
—
Rice-Stix Dry Goods, 7%
1st pfd. (quar.)—
7Yo
1st preferred (quar.)—
7Yo 2nd preferred (quar.)
7Yo 2nd preferred (quar.)
Roos Brothers, $6.50 preferred (quar.)——
Revere
7%
5th
Russek's
Avenue
———
St.
Extra
7%
:
—
preferred
Gold Mines
Antonio
Extra
•
Seaboard Finance Corp.,
Seaboard
Surety
Co
Storage
Water
Power
&
Co.
4-14
1
3-31
5-1
4-20*
5- 1
4-20*
Y
California
6 Yo
7%
Gas,
4.8%
preferred
Southern
New
Southern
5%
Gas
pfd.
Zion's
Radio,
Insurance
37V2c
of
Ohio,
Ltd.,
N.
5%
%
12-15
12-
J.
3-31
4-20
4-15
3-19
4-10
6-15
5-15
9-15
8-14
4-15
7-13
4-15
4-15
5-1
4- 5
10- 5
4- 5
4-5
4-15
6-15
6- 1
4-23
4-16
4-15
3-31
JlOc
4-10
3-31
4-10
3-31
______
Acid Works—
5-15
4-30
4-15
3-31
$75c
175c
$3114c
5- 8
5- 8
4-7
4- 7
5-1
4- 7
(quar.)——
_.
$114
$114
4-15
3-31
4-20
4-6
'
,
Corp.
4-15
4-15
9-
1
(quar.)
______
1
Drill
&
Tool, class A
N.
4-5
J.
RR.
& Canal
4-15
$3c
of
Fidelity & Guarantee (Bait.)
U. S. Hoffman Machinery Corp.—
4-15
YY
(quar.)
(quar.)
for
26,409
+
reserves
tax,
resident tax,
15%;
...
49,221
—
47,775
—
17,236
Bills discounted:
by U. S. Gov't obli¬
gations, direct & guarant'd
bills discounted
10,220
Total bills discounted—.
Industrial advances
12,721
+
12,658
2,008,367
Other
this
2%.
a
Less
at
the
British
source
income
.
Non-
tax.
U.
S.
Govt,
and
,
securities,
+
1
+
972
2,714
-f
3,671
—
12
+
3,914
—
2,699
direct
guaranteed:
—
73,300
974,575
—
10,900
+
282,075
—
849,675
—477,600
+
849,675
....
2,086,513
+530,468
+2,086,513
31,332
+ 3,674,894
—
Notes
Member Bank Condition Statement
2,715
+
2,501
divider
dividends.
accumulated
Certificates
Bills
456,631
+
The condition statement of weekly reporting member
Total U. S. Govt, securities,
direct and guaranteed.:—
banks in 101 leading cities shows the
following principal
the week ended March 24; decreases of
$240,000,000 in holdings of Treasury bills, $309,000,000 in
reserve balances with Federal Reserve Banks, $162,000,000
in balances with domestic banks, $257,000,000 in
demand deposits-adjusted, and $459,000,000 in deposits
credited to domestic banks; and an increase of $143,000,000 in holdings of United States Government bonds.
changes
for
Commercial, industrial, and agricultural loans declined
$20,000,000 in New York City and $48,000,000 at all re¬
porting member banks.
Holdings of Treasury bills declined $87,000,000 in New
York City, $75,OQO,000 in the New York District outside
of New York City, $51,000,000 in the Chicago District,
and $240,000,000 at all reporting member banks.
Hold¬
ings of United States Government bonds increased $56,000,000 in New York City, $21,000,000 in the San Fran¬
cisco District, and $143,000,000 at all reporting member
\
j/'"
V ''l
:
Due
F.
from
R.
foreign
Demand
5,919,130
'*
i,
'
Uncollected
Bank
.
.
—
28,630
—
5,470
47
items
....
.
1,438,578
:
+3,682,479
;
65,143
+
42,285
+
—156,378
421,817
39,057
assets
—
35
—
74,612
assets
Total
—
■■
banks
premises
Other
'i
5,944,509
of other banks....
notes
+
61
+
28,346,618
+238,227
1,5.70
30,655
+4,158,430
Liabilities—
F. R, notes in act. circulation.
12,758,496
+150,810
+
4,102,626
12,759,300
54,843
-—325,059
+ 49,132
+
263,165
—
307,465
Deposits:
Member bank—reserve acct._
U. S.
Treasurer—gen. accts..
Foreign
Other
________
879,395
deposits-adjusted declined $124,000,000 in the
+
+
131.448
1,805
—
319,157
—
232,009
1,191,683
—
96,030
+
251,816
5,582
—
3,255
+
1,355
incl. accrd. divs.,
—
20,287
—294,419
13,980,623
availability items___.
Other liabs.,
—
287.085
...
Total deposits
Deferred
Total liabilities
Chicago District, $112,000,000 in the New York District
outside of New York City, and $257,000,000 at all report¬
ing member banks, and increased $137,000,000 in New
York City.
Deposits credited to domestic banks declined $204,000,000 in New York City, $76,000,000 in the Chicago District,
and $459,000,000 at all reporting member banks.
A summary of the principal assets and liabilities of
^
c
Total bills and securities
banks.
27,936,384
—.
—242,894
+4,123,788
Capita! Accounts—
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts.^
146,911
—...
+
48
+
28,102
76,083
to
make
4,667
+
28,346,618
F. R. note liabilities combined
trial advances
3,583
+
26,829
Total liabilities & cap. accts.
Ratio of total res. to deposit &
Commitments
+
160,411
—238,227
2,909
+4,158,430
77.7%
+
0.2%
—
13,143
+
1,380
—
13.3%
indus¬
:_Y
...
900
Foreign Exchange Rates
Pursuant to the requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank is now cer¬
We
give below
FOREIGN
record for the week just passed:
a
EXCHANGE
RATES
CERTIFIED
BY
FEDERAL
MARCH
26 TO
4-20
5-10
8-14
-,
1
,
.
RESERVE BANK
APRIL 1,
TO
TREASURY
1943, INCLUSIVE
UNDER
.
'
TARIFF
ACT
OF
1930
'
9-10
11-15
11-10
8- 2
7-24
4-15
3-31
Buying Rate for Cable Transfers in New York
Value in United States Money
Mar. 26
3-31
4-15
Noon
Country and Monetary Unit
Argentina, peso—
$
Official
4
Free
...
5-
1
4-20
Australia,
10c
5-
1
4-20
4-15
3-18
Mar. 31
$
$
Apr. 1
$
$
.297733*
J297733*
.297733*
.297733*
.237044*
.237044*
■
.237044*
.237044*
.237044*
Brazil, cruzeiro—
50c
Mar. 30
Mar. 29
$
.297733*
.237044*
1
_
Mar. 27
,297733*
....
4-10
3-20
25c
4-15
3-31
•
pound.
3.228000
__
Official.
3.228000
.060586*
_
_
_
.051275*
5-
1
4-19
5-
1
4-15*
25c
5-
1
4-15'
Quarterly
50c
6-19
5-31*
Mexico, peso
Quarterly
50c
9-20
8-31*
12-20
11-30*
3.228000
3.228000
.572800*
.060586*
.060586*
.051275*
.051275*
.051275*
.909090
.909090
.902500
.903125
.901953
.901964
.572800*
.901875
.060586*
'-
,572800*
.572800*
.572800*
,051275*
'
.909090
.909090
Newfoundland, dollar—
50c
Y
.060586*
?
Official
25c
.909090
.572800*
.
.051275*
.901875
.
.
3.228000
3.228000
.060586*
.909090
Free
Canada, dollar—
G83Ac
Extra
United States Pipe &
Foundry Co.—
Quarterly
U. S. Plywood Corp. (quar.)
U. S. Rubber Co., common
"
8%
S.
8%
U.
29,044
—
3-31
5-8
$2V2
(quar.)..
convertible preferred
U. S. Industrial Alcohol
U.
closed
3-31
5-15
15c
(quar.)
U. S.
95,501
+
114
—
371,270
20,784,672
....
world.
jlOc
'
41,990
'
—
3-26
$5
(quar.)
Apr. 1^42
Y
21,252
'
$$1%
(reduced)
notes
—
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
5c
(quar.)
R.
20,371,412
3-20
25c
____
Co.
U. S. Treasury.—
4- 1
4-30
5-15
50c
(s-a)
preferred
Share, Ltd
B
Fruit
United
90c
4-15
25c
7%
Decrease Since
%
3-30
"<
30c
>
_____
&
account
resident
3-31
4-15
10c
25c
Bond
tOn
3-17
.
}•
or
' Mar; 24/.'43
hand and
on
cash
Total
tax.
income
not
8-15
5-
$12y2c
Tobacco,
Jamaica
books
2-22
75c
5c
:
Troy & Bennington RR.
Mar:31, '43
certificates
2-22
i"3c
(initial)
Mfg. Corp.
dollars)
4-5
J3c
_
___
(irregular)
thousands of
.
4-15
$114
common
non-cum.
Quarterly
5VzYo
4-15
6-16
45c
Quarterly
Class
12-17
5- 1
6-30
Co.—
Tonopah Mining (Nevada)
(irreg.)___—__
Trinity Universal Insurance (Dallas) (quar.)
United
12-31
50c
...
9-16
12V2c
'
9-30
$1
—
.Irregular
United
6- 5
3114c
Thew Shovel Co., common__<______._.:___i__
Third Canadian General Investment Trust—*
United
Y
(Boston).—50c
(quar.)...—_
common
&
6-15
$114
Ltd.,
Malleable
Extra
4-13
7-15
4-15
10-15
75c
pfd. (quar.)
Thatcher Mfg. Co., $3.60 preferred (quar.)__
Tuckett
3-31
$114
shares
Products
Water, 6%
'
4-15
(quar.)L
Tacony-Palmyra Bridge—
5%
preferred (quar.)
•
1
4-15
5-
$1
$1
(quar.)_.
Mines,
Haute
3-26
(quar.)..
(quar.)
Corp.
Transit Corp.,
Tennessee
30%
Less
♦Transfer
3-31
35c
Super Mold of California (quar.)
Sylvania Electric Products—
4'/2Yo convertible preferred (quar.)
Texas
x
4-20
$11/4
(accum.)________—_—
Sun-Glow Industries
Terre
;■
)
4-15
35c
25
accounts,
11,767
Redemption fund—F.
4-15
1
$114
(quar.)
Gov't
week^___
due from
4
5-15
$114
109
Increase
Gold
...
Other
50c
4-15
$1.20
.....
pfd.
class A
Securities
bearer
4-15
Quarterly
37'4c
J20c
.*
S.
.
Cooperative Mercantile Institutions—
3-31
$ $114
(quar.)__
(Dallas)
5Yo preferred
preferred
U.
Assets—
4
3714c
(quar.)-..
preferred (quar.)—
Common
4-30
$1
—
+
+
+
—
5
JlOc
of
Mid
(In
4-20
9-
3-20
.....
Syracuse
1
6-
60c
Sylvanite Gold
5-
9-15
Y 3-20
-
Electric
5-20
6-15
4-15
5-15
5% non-cum. pfd
preferred
of Canada, common
preferred; (quar.).
Participating
Stecher-Traung Lithograph,
5% preferred (quar.)
5% preferred (quar.)
2nd
6-1
Bi-monthly
3
40
746
...
Reserve Banks Combined
5-20
6-
50c
>
7%
S4
1 y
25c
(monthly)
978
—459
Statement of Condition of the 12 Federal
4-15
50c
4-15
_________
Steel Co.
Suburban
::;
1
5-
Quarterly
37V2C
—
Telephone.
Street Investment
5%
Jr.
316
+
deposit accounts except
4-15
$$l3/4
.
7,554
+
39
26
10-15
4-30
S1 Vz
Quarterly
'
Quarterly i
State
1
4- 1
(quar.)
Stanley Works,
11-
6-22
Elec.—
Standard Wholesale Phosphate &
.
(Wm.)
Extra
+
10
+
9,399
demand
(1897)
(accum.)
:
+
10-15
4-19
5-
—-
B
1
4-15
(irregular)...
Spicer Mfg., common.—75c
$3 preferred (quar.)
75c
Squibb (E. R.) & Sons, $5 pfd. A (quar.)...
$114
Standard Brands, $4.50 preferred (quar.)
$lVa
Class
during
7-15
11-
5-25
$1.75
&
to
interbank
7-15
1
7- 1
3-31
preferred
Standard
pfd.
Zenith Radio Corp
6-22
4-15
—
Co.
6%
—(257
2,845
deposits
Foreign banks
Debits
4-15
8-
50c
4- 5
4-15
_________
:
Fire
5-1
8
—162
1
Y 4-15
8- 1
485
+
4-r
25c
7-1
$114
Spalding (A. G.) & Bros., $1.50 pfd. (irreg.)
Oil
Power,
preferred
4-10
$$1!4
(quar.)_
common
(quar.)
Railway Co.
Standard
Wrigley
3-31
3434c
(quar.)
England
Standard
1
513
—
5,441
banks
8
5-
$1
4-15
(quar.)_
Ltd.
Co.
Southwestern Life Insurance
$1.50
4-
767
—
'
21
—
32,128
■.
.....
Borrowings
3-20
4-16
$lVa
(quar.)
5-24
Y.
1
4- 5
$i'/2-
Electric
preferred
Domestic
2
50c
74
—309
523
deposits-adjusted
deposits
U. S. Government
3-19
$1%
—
—
Interbank deposits:
3-20
4-
(quar.)
1st
3-26
—
non-cumulative,
Quarterly *
3-20
Time
Wood, Alexander & James—
3-31
4-10
(quar.)..
Indiana
3-20
4-15
9
'
Demand
Bonds
6%
Power,
preferred
4-15 Y
$1
5-24
Southern Franklin Process Co.—
Southern
3-15
$1
5-30
4-26
(quar.)___
preferred
partic.
4-15
4-15
(quar.)
5-30
________
;
(quar.)
Canada
4-16
5-
5,007
Liabilities—
8-15
4-16
4-15
(quar.)
common
3,222
2,561
Edison—
preferred
Preferred A
6 Yo
5-14
+
9,472
5-15
$1%
Hosiery,
Wisconsin
3-31
5-15
1
1,935
Other securities
Reserve with Federal Reserve Banks.
Cash in vault
2
8-31
Extra
4-15
4-15
4-
5-29
t-$l'/4
(quar.)
3,529
1.812
4-15
(quar.)
23
+
4,064
Obligations guaranteed by U. S. Government
3-31
50c
preferred
—240
512
—
+
5-16
Extra
4-
5- 1
5-1
414 Yo pfd.
Southern California Edison
Southern
5%
preferred
14
+
5-16
Extra
4-15
J4c
preferred series C (quar.)
Southern
Ltd.,
7%
76
+
+
50c
(irreg.).
—
(liquidating)
Corp.
Water,
4- 1
$$1%
25c
—..—
(quar.)—
California
original
514%
Telegraph.
(George)
4-15
,
'
5Yo
Weston
4-15
tl5c
South Pittsburgh Water,
Southern
Union I
1,369
indebtednessL.ZZ
65
—
'
24
11
t$l3/4
Pipe/& Steel Co. of Calif,
1
'
--
23
Secured
Ltd..
Mines,
preferred
preferred. (quar.)
Western
■
;
4-15
$$2
.
+
50
+ 143
J75C
(quar.)
common
''
1,169
+
$1 •/«
(quar.)..
I
4,452
of
180
—
+
■
preferred
7
+
5.007
$1%
....
+
205
—
4,169
$1%
(quar.)——
16
13,726
$1%
pfd.
.4 V
+
carrying
or
;
Treasury bills
Treasury certificates
7-17
—
588
1,909
1,254
—
3-31
6-1
(quar.)
...
$1
$3
30c
$22c
$4c
Simpson's Ltd., 6V2% preferred (accum.)—
Skenandoa Rayon Corp., common
Smith (Howard) Paper Mills—>
6%
Ltd.,
50c
(interim)
Premier
7%
Western
4-
2
pfd.
221
48
—
4-10
W
4-23
$1%
purchasing
Other loans
of Canada—
Sherwin-Williams Co.
Common
Grocers,
Extra
4-15
1
4-15
7%
(quar.)
Electric, 6Yo
50c
(quar.)_—
;
Juice,
50c
Sheep Creek Gold Mines (quar.)____——
Silbak
Western
$1
$114
Co.
Shawinigan
5-
West
20c
25c
Shamrock Oil & Gas, 6Yo
Y
Y
—
11,223
+
66
342
for
Real estate .loans___________v______;
Loans to banks_._^
•
March
—
5,754
securities
4-17
4-23
$4.50
■___
preferred (quar.)
Penn Power, 4V2Y0
t3c
——
_
2
S.
non-cum.
Rubber
prior
4-19
4-
25c
6-28
6-14
New
6-25
6-11
Union
5
Refining & Mining Co.—
^
preferred
(quar.)__
__
___
__
—
4.035000
—
4.035000
4.035000
4-
4-15
4-
l
87'/2c
4-15
4-
1
4.035000
4.035000
.301215
.301215
.301215
.301215
.301215
.301215
.205725
.205725
.205725
.205725
.205725
.909090
.909090
.909090
.909090
-
.909090
•
Africa, pound
.899375
.899375
.900000
3.244203
3.244203
3.980000
3.980000
3.980000
•;
Y.
.658300*
.
—
.
.909090
•
3.244203
-•.*
Zealand, pound
Noncontrolled
-
75c
4.035000
.205725
Free
of South
-
•
Uruguay, peso—
75C
*
7%
_
3-29
9
Inc.—
(accum.)
—
Official
$2
preferred
(reduced)
Free
Colombia, peso
England, pound sterling
India (British), rupee
30c
(resumed)
Reclaiming Co.,
preferred
Smelting,
Common
1st
.
■.
25,1942
—194
9,493
brokers and dealers in securities
1
3-25
.
4-20
$1
Y
preferred
Penn
Common
(irregular) —
preferred (s-a)
6Yo convertible preferred (s-a)__——-—
Security
7-1
10- 1
7- 1
10- 1
7%
J75c
—
8-
$1%
(quar.)
(initial)
7%
Common
(quar.)
1
West
3-31
3-22
$2 preferred (quar.)
preferred
convertible
$2
5-
4-10
4-10
" 6-15
9-15
6-15
9-15
3-31
,
371/2C
12- -1
7
4-16
1
'
4-
$1%
5-
—
$3
37 %c
pfd.
com.
(s-a)
Grape
5- 1
(quar.)
12-10
4-15
150c
(quar.)
1
9-10
$1.75
6-
Winstead
f
9-
to
loans
1
$2%
3-31
—
M 6-
$1.75
(quar.)
Loans
Other
$■ 4- 1
6*10
42,004
...
6-21
4-10
and
Commercial, industrial, and agricultural
YvY
loans,
;
:
•
Open market paper.:.
12-24
7- 1Y-
$1.75
___
1
.—
1-3-44-
$1
25C
Welch
5-
-
62'/2C
4-15
4*2?
?35c
(reduced)—
$4 preferred
Co.,
preferred
RR.
t7c
Diego Gas & Electric, com.
5Yo preferred (quar.)—i
$4 Yz
Warren
Whittier
—
Co.,
preferred
Wichita
(s-a)
San
.
%
3-22
(accum.).
pfd.
.
Scott Paper
4 y2
Railroad
4- 5 V-.
;
9-21
(quar.)..
preferred
(quar.)
Detinning Co., 7%
5- 1
4-15
4-15
-
1
■V
preferred
Wabash
$1
J25c
(quar.)
St. Lawrence Paper Mills, 6Yo
San
6 °/o
Vulcan
(quar.)—
Flour Mills, common
Lawrence
10-
March
17,1943
24, 1943
investments—total_
Loans—total
6-21
4-26
5- 1
5- 1
$1%
/
1
62j/2C
.
Loans
4-16
7-
preferred (quar.).————.
Vermont & Massachusetts RR. (s-a)
(accum.)
conv.
A5' 1
62 >/2c
7Yo
$134
4% pfd. A
$1
March
YY Assets—
1
4-
+
-
Decrease (-—) Since
3-16
4-15
:
Increase (+) or
Yfl- 2
^8-16
5
5- 1
25c
Saguenay Power Co., 5V2% preferred (quar.)
St. Croix Paper Co. (quar.)—___——____■
St. Lawrence Corp,
5
Washington Railway & Electric Co.—
5% preferred
(quar.)..
5 % preferred
(s-a)
■__
5- 1
$1%
——
4-
17 V2c
J.
Y
irs)
2
4-
of America____i_____Y_____
Railway, 6 Yo
4-
62 >/2c
Camp Milk Co., $4 preferred (quar.)
Virginian
5-25
7-15
$l'/4
prior preferred (quar.)
5% prior preferred (quar.)
Vapor Car Heating, 7% pfd.
7% preferred
(quar.).
6-10.'
,
37%C
preferred
Vanadium Corp.
reporting member banks, and of debits to demand deposit
accounts, follows:
4 ' ^
of Rec.
4-15
40c
tVA
....
5 Yo
Van
Holdert
Payable
Monday, April 5, 1943
.
(quar.)
Shoe
6Yo
3-29
3-15
5-15
8-16
11-15
9- 1
12- 1
5-1
thare
Machinery, common (quar.)__
(quar.)...
United Stockyards, 70c conv. pfd.
(quar.)
Universal Leaf Tobacco, common
(quar.)
Utica Knitting Co., 5Yo prior pfd.
(quar.)___
3-15
4-15
Puget Sound
$5
' Y
.
1
Sugar Corp.—
______
United
4-15
5-15
SI1/*
—
States
6.4% participating conv. pfd. A
$5 preferred
(quar.)
$5 preferred
(quar.)___
■
50c
50c
preferred
6%
United
4-5
4-15
7-15 >
When
iPCT
Name of Company
of Rec.
5-6
$l'/4
$l'/4
(quar.) _______
& FINANCIAL CHRONICLE
.658300*
.528050*
.528050*
}.
,
1.
•
•
r' •
.900625
3.244203
-
3.980000
.899583
"
3.244203
3.980000
.899583
-
3.244203
3.980000
*
.658300*
.658300*
.528050*
*+
.658300*
.658300*
.528050*
.528050*
.528050*
'
A
Volume
Number 4165
157
& FINANCIAL CHRONICLE
THE COMMERCIAL
1235
General Corporation and Investment News
RAILROAD
Abraham & Straus, Inc.—Declares
of
dividend
A
stock,
par value, payable April 24 to holders of record
1, last, a distribution of $1 per share was made on
no
Feb.
On
Oct.
April 14.
this issue.
24, $2; and April 25, July 25
517.
cents each.—V. 157, p.
24, 50
Current
working assets in
and
INSURANCE
-
foreign
countries
(prin¬
amortization)
$1,272,348
in
1942,
$1,342,843
in
$1,292,267
1941,
in
Consolidated Balance Sheet, Dec. 31
Dividend—
Investors, Inc.—30-Cent Preference
Air
share has been declared on the $2 non-»
preference stock, no par value, payable May 1
April 21,
A similar distribution was made on
Dec. 31, last, compared with 65 cents on Dec. 29, 1941; $1 on Dec. 27,
1940, and 60 cents on Dec. 3, 1936.—V. 157, p. 340.
) r/'
:v.'--V
dividend
A
Cash in banks and on hand
cents per
30
•United States
tNotes
record
of
holders
to
of
convertible
cumulative
5
and
Inventories
——
7,666,109
1942
1941
railway—»
railway-..—
from
Gross
$322,669
$239,498
Net
from
Net
ry.
$220,502
income—
71,940
oper.
80,469 :
$183,648
:4
88,935
44,578
127,947
63,743
53,016
36,224
from
from
Net
Net
643,083
489,688
252,499
159,562
190,023
income—
132,688
85,386
389,468
458,197
116,944
oper.
ry.
—V.
railway-—
railway——
:
tools
Furniture
142,895
83,543
IIGoodwill
-
assets
Co.—Pays 20-Cent Dividend—
& Iron
dividend of 20 cents per share on
holders of record March 18.
Pay¬
April 1, 10 cents; July 1, 20 cents;
cents.—V. 157, p. 5.
April 1 paid
the common stock, par $20,
to
ments last year
were as follows:
Oct. 1, 10 cents; and Dec. 26, 30
a
on
company
:
from
railway—
770,599
income—
221,271
oper.
1941
1940
$742,291
$570,485
142,477
100,852
239,388
161,752
from
Net
Net
ry.
1.493,048
466,826
276,931
2,192,153
822,552
332,892
3,487,151
-
1,598,765
395,585
income-
oper.
1,130,571
240,956
144,319
$9,497,299
4,247,434
7,178,211
4,346,320
,
completion of contracts billed
inclu.
for
Fed.
income
State
income
&
Interest accrued
profits
2,493,586
21,833,977
taxes
564,155
547,067
debentures
on
256,815
255,425
987,981
4,800,000
2,000,000
764,364
822,085
Sundry accruals .and. other liabilitiesReserve
for
inventory & other post-war adjust.
Reserve
for
contingencies—
for
Funded
debt
insurance
______
2,000,000
(no
Earned surplus
par)
Net
Co.—Earnings-
Power
Alabama
revenue
Operating
54,965,044
taxes
Federal
935,466
profits taxes
1,040,786
income
Gross
884,257
^—
and
accounts
$4,318,841
for
$1,117,747 $11,688,913
$670,101
_
depreciation
184,914,608
—
income
Net
tEarnings per
•Excess
Balance
-V.
5,565,585
130,626,536
The
$217,048
$4,434,385
$3,301,617
2,268,986
2,330,088
these
of
April
of
rate
4%,
1943.
20,
on
the
as
annual
history
point of
a
and Canadian Gov.
U. S.
tax
$241,461,632
flnventories
Due
for
to a total of $196,040,341 as against $121,997,708
-
152,259,328
tSelling,
the
91,903,007
65,038,069
Deferred
14,82^463
13,252,295
—
27,741,495
(net)
856,753
Operating profit
,
&
Total
.
disct.
miscell,
and
15,267,539
882,073
income-
after
705,183
1.186,722
401,936
199,629
29,784,971
16,551,548
9,695,528
for
Prov.
&
the
Approp.
to
Pa la
n
1,271,094
pp
fie
fvi aH
Previous
surplus
■
tn
—
5,923,993
5,743,567
16,132,793
1,108,052
".W--
v£'«
v-v;
1,100,822
24,550,696
21,876,360
5,051,444
13,745,376
Y-V \S,\-
./-* 'I'
18,796,820
3,719.546
12,245,850
15,965,397
IIReduction of income &
exc.
prof,
taxes,
Cr44G,018
incl.
deprec—
Cr252,312
Dividends
paid in cash..
1,776,018
ttPremium
2,664,027
2.664,027
2,220,021
Dr567,682
paid
and
23,473,008
18,626,703
1,776,092
1,776,092
16,132,793
1,776,092
Earnings per com. share
$3.34
$3.23
$2.84
depreciation and
•Including
State
income taxes.
estimated
and
credit
...
development,
tlncluding
13,745,376
1,776,092
$2.09
provision for
{Bess amortization of debenture premium.
of $2,000,000
for debt retirement.
§ After
tIDue to premiums
applicable to debentures redeemed in 1941.
"Resulting
of Federal. income and excess profits taxes for the years
expenses
from
audit
1939,
1940 and 1941.
redeemed.
ttLess
ttOn $10,321,500 principal amount of debentures
unamortized
premium
on
debentures
redeemed.
§§ Arising from liquidation of notes and accounts receivable of Advance-
Rumely Corp.
and B. F. Avery & Sons, Inc.
income
"In
transportation
surplus
sub.
no
shares).—
par
par)
—
income
with
1941
for
$3.93
the
and
taxes
preferred '
the
after
war we believe
United States to
the
front
•—
the
pensation
at
of
efforts
its
$242,811
in
accounts
JLess
and
1942
for
reserve
Air
of
planes
February
poundage
A
$5,996,886
and
of
total
this
ment
mail
The
nizant
the
gain
1,748,011
.3
shortly
that
and
Army
second
A
the
105%
pounds
89.9 %
in
after
the
An
Navy
personnel
for
de¬
mail
air
ex¬
581,534,050.—V.
added
February
in
of
while air mail pound-
156,
p.
2093.
the Army-Navy "E" banner flying
engaged in building minesweepers,
tenders for the United Navies,
to
and
in
1942.
Co.—Army-Navy UE"—
company
lighters
111.9%
February,
over
carried
were
of
increase of
net
p,
1045.
Casually
American
Co.
<
of
Reading,
Pa.—Registers
Stock—
The
with
company
the
SEC
share
be
will
filed
26
a
shares
50,000
registration statement (2-5114)
of capital stock ($5 par).
The
offered by the company to its shareholders at $10
ratio cf one new share for each three shares held.
the
in
stock
March
on
covering
will
stock
new
be
offered
holders
to
of
record
April
15,
1943,
May 15.
Any unsubscribed portion may
sold by the company through underwriters.—V. 157, p. 214.
rights
expire
will
and
later
be
dividend
A
of
$1
par
$25,
payable
last
year
were
Dec.
21,
share has
per
May
1
to
holders
follows: April 20
156, p. 1947.
as
$1.—V.
County—$1 Dividend
been declared
of
and
the capital stock,
April 10.
Payments
on
record
Oct.
15,
50
cents
each;
and
American Foreign Investing.
George Gordon
search
Paton,
and
Bureau
has been elected
a
Executive
consultant
to
director.—V.
a
Corp.—New Director-^
Vice-President of Commodities Re¬
the Office of Price Administration,
American
Richard
1045.
157, p.
pound
utilization
miles
of
our
increased
planes,
and
White,
Harry
I.
Mortimer
Lewis
Officials, Etc.—
H.
been
have
.
has
been
elected
to
the
newly-created
post
of
Comptroller.—V.
154,
1257.
P.
American Laundry
The
facilities
stockholders
directors
V.
to
on
Machinery Co.—Stock Purchase—
March
approved
26
a
proposal to authorize the
purchase 25,000 shares of capital stock
of this company.—
157, p. 1046.
120.2%.
by
Corp.—New
Camp, Noah Lucas, Joseph O. An¬
elected directors.
Royal M. Bassett, General Manager of the Corbin Cabinet Lock
Division, has been elected a Vice-President, and Elmer G. E. Johnson
drews
,
L.
Hardware
both
in
method
Mutual Liability
American
and
of
pound
mile
of
of
the
computing mail com¬
the Civil Aeronautics Board, effective April 1,
of
a
received
of
a
new
mill
in
by
air
indicates
the
future
per
a
the
mail
that
of
Mr.
important
world
expansion
and
been
tank
it Is announced.—V. 157,
its
reduction
company.
service
The
air
cost
performed
to
by
carried,
mail
amount
total
the
the
of
Insurance Co.—New Di¬
Govern¬
President and Treasurer of Suncook Mills, has been
ij?slie P. Henry and Harold J. Ginsburgh, for¬
Vice-Presidents, have been
made Vice-Presidents.
New Assistant Vice-Presidents are Robert Clinton, Lawrence M. Sibley,
Frederick A. Moeller and Edward J. Norris.—V. 155, p. 1301.
J.
Lin zee Weld,
elected
a
director.
Assistant
merly
company
and
American
air
Kemp
part
Airlines
transportation
states:
which
air
is laying plans
"Your
is
laying
after
plans
transportation
of
facilities
commercial
become
air
available,
the
will
As
combination
of
Rolling Mill
Co.—Tentative Earnings-
In
is cog¬
play in
to the end
transportation.
American
for
war.
the
management
that your company
may maintain and develop its position.
The airplane is becoming in¬
creasingly accepted as a means of travel.
The war has accelerated
technological developments which will eventually be available for use
ment
has
star
boats,
an
February of 1942,
reach
pounds
1,332.602
pound-miles
air
of
over
to
shipyard of this
salvage
which
of
express
resulted
mile
the
the post-war
in
flew
corporation
of
gain of 87%
a
increased
over
has
that
development
of
of
1942
decreased.
report
speaking
of
rate
pay
ton
substantially
out
fixed by
rate
progressive
in
depreciation
rector, etc.—
this
per
air
greater
and
§Less reserve
1941.
in
of 677,220.830 pound-miles,
a
American Car & Foundry
sold
were
significant
is
$118,279
Gains—
Express
for a total
press
problems,
in¬
assigned foreign routes to transport supplies
Additional army cargo airplanes have been
nature
"It
of
obsolescence
American Coal Co. of Allegany
work being done by company is a comprehensive
while
the
receivable
fLess reserve for obsolescence of $485,622 in 1942
1941.
in
$5,165,317
doubtful
for
1941.
daily.
combat
on
commercial
our
successful
so
company
points
was
a
that
2.516,845
exclusive
for
be
to
the
states:
54.9%,
1,942,682
5,293,781
_________—
$27,991,392 $23,968,411
During
the importance
both the pro¬
manifested
being
is
of
more,
number
was
war
effort,
indicates
92,636
same
undertaken other activities related
is confidental."
that although during 1942 the
revenue
plane miles flown decreased
by
13.3%, revenue passenger
miles decreased by
only 1.73%
and air mail pound miles actually
increased
5,748,480
preciation of $1,689,134 in 1942 and $1,407,205 in 1941.
leased to, the Government.
or
the
personnel."
The report
5,100,000
1,942,682
___■
reserve
$21,377 in
of
the commercial airlines to operate a
domestic
cargo
routes entirely for the
training
ground work.
war
180,404
29,035
134,670
5,100,000
Total
per
of
of
overseas.
report
224,830
309,355
—
consol.
not
revenue..
(100,000
($10
262,667
5,748,480
______
wholly-owned
stock
1,282.415
—
liabilities
stock
53,127
122,572
2,759,451
>
upon
proved
addition,
the
The
53,127
210,523
taxes.
surplus
the
in
the company's commercial opera¬
Other services were undertaken
contracts.
Notwithstanding the un¬
During this
airlines
company
flying and
annual
31—
Dec.
called
the
for
3,157,898
wages.——
taxes..!
to
Earned
said: "Private initiative had built in this
of peace, the finest commercial air trans¬
substantial
A
to
service
program
and
Outstanding com. shares
Balance
facilities
of
fighting
network
personnel
1942,
Drl7,948
expense-
and
Federal
for
Paid-in
-
airlines
the direction of,
This
1941
••Adjust.,
^Unamortized
forces.
2,663,681
2,704,369
year.
war
concentrate
to
$882,839
2,289,889
payable
adjustments required to
Airlines
American
assigned to the company for operation of such foreign service.
1,345,163
18,626,703
surplus
order
Government
"The
to
earned
of
Federal
years
the
and
important item of
adjustments
salaries
Indebtedness
Dec.
year's operations were profitable, surplus
a
strong
financial condition was main¬
in the world.
front
auguration
other
and
post-war
1,108,500
for
reserve
inventory
5,130
2,518,000
$1,153,362
—
balances
co.—traffic
plan subscribers' deposits..
declared on preferred stock
Provision
Many of these were
operation in military service
in behalf of, and under contract with the War Department,
These
planes are being operated and maintained by company personnel.
-
8,600,000
ended
year
compared
aS;
commercial
reassigned
Cr74,778
—
profits taxes §21,400,000
Def.41,020
of
the
air
1,021,817
5,204
Crl4,689
144,925
inc.
Fed.
est.
excess
1,027,517
717,892
612,285
577,600
133,963
sales the net profit for the year 1942 was
share on the 574,848 outstanding shares of common
during
"In
6,881,038
loans, etc.
^Special credit
—
578,619
President,
the
195,061
bank
on
475,724
the
deductions
comprehensive
of. expenses—
amort,
692,036
and
Kemp,
5,980,795
689,296
interest and
^Debenture
Int.
.
Accrued
302,070
1,161,772
under
N.
of
12,055,903
8,806,603
payable
airline
travel
56,169
the
country
56,302,853
277,219
$27,991,392 $23,968,411
—
Dividends
1940
$1,285,447
333,026
2,568,407
during
forces
dividend,
A.
at
income
Total
1941,
$1,365,699
497,689
66,623
certain
the
war,
increased
a
26,320
361,575
—
_
553,719
4.198,511
2,023,694
25.000
Liabilities-
Other
provisions.
commis., etc.,
Royalties,
$1,823,436
2,814,473
v,
duction
Interest
special
charges
•Less
of major changes and
conditions,
$4.88
1,223,552
—
1,909,959
2,860,799
and
225,508
utilization
the
armed
4,840,707
1,038,219
2,522,492
equipment
—______!
§Land, buildings and other equipment———.
Non-operating property and equipment.—
of
holders
1,114,355
for
report
of
port system
16,039,518
10,545,524
.
tFlight
this year,
necessity
were
stock
74,339,551
admin.
&
gen.
121,997,709
735,000
$8,727,488
98.522
2,000,000
547,225
The
1939
196,040,342
the
represent
Excluding profit from
■£<-.
$
87,096,966
to
3,876,843
income—
curtailed
were
stock
1940
,
M.
John
2,507,547
maximum
equal to
1941
Gibbons,
537,855
tained.
the close of the previous year, an
1942
1942
in
1045.
the
to
funds
Income Account for Calendar Years
Consolidated
and
5.879.091
railway
precedented
and as of Dec. 31, 1942, unfilled orders amounted to $170,432,848 as against $125,011,558 in 1941.
At the close of 1942 there were 31,120 employees on the company's
1941;
payroll as compared with 22,168 at
increase of 8,952.
income
p.
;;'V.
1941
$7,444,278
funds——————
Common
1942
$2,878,636
1,214,594
'
railway—
prosecution
tions
Net sales billed rose
authorizations
solicit
to
annual
insure
share in 1941.
in
and
accrued
1942
1942 shows a net
$3,016,869 exclud¬
from the sale of
flight equipment sold at the direction of the Government. Net profit
for 1941 was $2,473,160; for 1940 was $1,858,549, and for 1939 was
$1,467,751.
>•
against $652 per employee and $6.89 per common
as
reserve
and Bertram R. Smith to serve as a protec¬
of 3% refunding bonds of the Chicago &
railway
oper.
shares
holders
railway
157,
at the
HI
Dec.
1
—
Investments
31,
profit after provision for Federal income taxes of
ing $834,846 (net after applicable Federal taxes)
an
stock,
of common
ry.
The
compared
as
Sheet,
bonds.
receivable
and
oper.
Balance
anticipation notes
•Accounts
without the deposit thereof.
from
$3.93
equipment sold
outstanding
574,848
demand deposits
and
accrued
B.
fOn
1942
hand
American Airlines, Inc.—Annual Report—
shows the highest year in its
view of orders booked, wages paid, and
of
in
212,506
$4.88
Government,
S.
U. S.
miles
Co.—Annual Report—
company
total
U.
on
Other
Stephen
862,272
share——
stock.
common
Other
authorized
13
$2,473,160
862,272
proceeds over book value of flight
the
$21,-
1943
from
Net
increase of 29 %. ■ Wages and salaries
from $41,044,673 in 1941 to $66,802,605 in 1942;
$187 253,978,
for
and
from
ry.
Net
with
paid increased
63%
while the total
of all taxes, State, local, Federal, and social security, increased 117%
to
$26,538,205, as compared with $12,245,968 in 1941, equivalent to
an
average of $977 for each
person employed and $14.94 per share
reached
booked
§Less
$1,973,133
of
date)
1,296,000
$3,851,714
212,507
„
stock—
From Jan. 1—
—V.
of the
report
the
from
Orders
RR.
Gross
payment.—V. 157, p. 5.
The
March
on
from
Net
the outstanding income debentures, and fixed
record date for holders entitled to receive the
Allis-Chalmers Manufacturing
1942
$4,500,000 in
$22,512,562
to
2,750,000
stock
common
common
representing credit arising from
of
(1931
notes
doubtful
$3,535,136.
of
Crl,177,846
taxes™
preferred
on
on
Cash
Earnings for February and Year to Date
1, 1943,
authorized an interest payment on May
income
173,079
272,919
—
Assets—
Unearned
Feb.—
Corp.—Interest Authorized—
have
directors
the
stock
Max Winkler,
bonds,
Gross
America
All
amortization
of
discounts
reserve
for
reserves
157, p. 1142.
$971,529
$2,165,399
$27,966
157, p. 985.
The
ICC
Alton
189,082
$206,088
cash
ULess capital surplus
committee
189.082
—
tLess
RR.—Protective Committee—
Chapman,
Net
at
of
of
Preferred
$395,170
--
stock_,—
pfd.
on
and
JAfter
treasury
and 1941.—V.
tive
Divs.
premium.
1941.
and
1941.
of
of
receivable
in
disposition
$8,867,202
7,254,528
900,698
274,931
of
542,555 in
Alton
deducts.
other
amortization
and
2,883,625
2,806,994
1,208,886
473,221
3,031,200
2,674,976
250,000
222.137
taxes-
income
Fed. excess
Int.
265,600
———
*
declared
Dividends declared
54.965,044
18,626,703
—
—————
and
$2,308,742 $28,376,520 $26,977,218
718,858
9,005,179
10,737,291
576,718
depreciation-
General
1943—12 Mos.—1942
-1942
1943—Month
$2,396,675
—
expenses
for
Prov,
profit-—.
Dividends
Air
Period End. Feb. 28—
_
income.
income.———
Provision for Federal
22,750,000
23,473,008
_
——
——
'Less
$3,942,239
i
from
Accounts
Total
$5,696,788
,
696,036
50,000,000
stock
Common
——
liability
employer's
8,972,570
——
—.
bank loans &
on
-
taxes.
excess
contracts
on
$4,500,000
8,209,585
1,960,547
3,827,891
—
157, p. 1045.
Gross
income
•Extraordinary
215,230
184,914,608 130,626,536
Reserve
January 1-
railway—
from railway—
—V.
$1,647,125
_
railway-
from
Gross
1942
$1,088,363
>
407,741,
117,254
1943
February—■;;;
ry.
509,025
_____
:
(banks)-—
taxes
Deposits
227,755
Consolidated
for
Reserve
Southern RR.—Earnings—
Great
Alabama
From
________
——
payable (trade)—
General
Net
4,052,509
—
—
Pay rolls accrued and pay roll orders outstand.
Reserve
$3,714,484
83,406
—-
—
..
404,722
3,750,000
11,504,060
1,899,390
11,504,060
^
-
-
payable
Accounts
22,584,294
$5,613,382
;
V Liabilities
Notes
21,368,632
————————
profit
Deductions
5,678,900
—
—:
— _____
charges
436,330
5,678,900
3,750,000
—
—
—i——
TotaJ
Net
fixtures.-
—U—
,
Deferred
$26,982,014 $26,298,778
—
———
income
direction
Fuel
Alabama
Gross
2,410,318
20,252,163
3,043,645
.&
Other
Other
Total
2,428,864
and
Patterns
1
——
Operating
1,233,105
—_
and equipment—21,990,688
(including jigs and dies)———
3,061,624
1142.
157, p.
The
'
process
——
Small
Total
516,173
63,478,530 $51,229,131
machinery
^Buildings,
Drawings
From Jan. 1—
Gross
in
Land
1940
1943
756,116
j)5&008
1943 for
facilities
Ry.—Earnings—
Akron Canton & Youngstown
Feb.—
—
!
Operating expenses
1,474,815
—_
be billed to U. S; Govt, in
to
Amount
1,720,036
482,173
——
—
-
———
22,056,695
.
•
4,269,881
3,266,825
——
$
23,672,118
working funds, etc.
Sundry debtors, employees'
the
of
Years
Calendar
$942
1941
$21,512,980 $20,922,773
:
—-
Other
16,636,770
25,007,271
—
Treasury notes———————
receivable (trade)
accounts
for
revenue—passenger—.——
——————
Express
1941
1(1
Assets—
growth
unpredecented
in
Account
Income
Calendar years—
Operating
Mail
1942
result
undoubtedly
Consolidated
and
1940
will
industry." V
1939.
in
MISCELLANEOUS
-
cumstances
cipally Argentina, Canada and England) amounted to $3,284,111 in
1942, $3,662,836 in 1941 and $3,534,941 in 1940.
(2) Provision
for
depreciation amounted to $1,618,865
(includes
Payments last year were as follows: Jan.
and
INDUSTRIAL
-
Notes—(1)
50-Cent Dividend—
share has been declared on the common
cents per
50
PUBLIC UTILITY
-
new
equip¬
these
cir¬
Charles
R.
Hook.
President,
on
March 30 announced that the com¬
pany's books for 1942 had not yet been closed, due to the
renegotiation of Governn\ent contracts was still pending.
that net earnings, after taxes and- reserve for contingencies
fact that
He stated
as shown
tentative audited reports, without giving effect to such sum,
any, as may be payable to the Government as a result of renegotia¬
tion, and may not be charged against such reserve for contingencies,
by
the
if
were
approximately $7,700,000.—V. 157, p. 861.
1236
THE COMMERCIAL
American
The
the
Consolidated
Seal-Kap Corp. of Delaware—15-Cent Div.
have
directors
declared
dividend
a
cents
15
of
share
per
V.
value
par
156,
other
common
This company,
hearth
electric
furnace
furnace
has
steel
substitution
of
other
for
released
been
cold-drawn
time
the same
At
uses.
eliminated
has
bars
struction
Telegraph Co.—-Bell
Post-War Construction and Financing—
the
Telephone
pio-y
Bell
billion to a billion and a
half dollars of new capital to finance anticipated post-war construction
is forecast'by Charles P. Cooper and Mark R. Sullivan, financial and.
operating Vice Presidents of a; T. & T., respectively, in the current
issue of the "Bell Telephone Magazine."
.Need
Mr.
of
Cooper,
in
states his
belief
following
the
"several
few
that
there
including
television
telephone
dollars
be
may
$1,500,000,000
also
are
transmission
the
materials again
when
Telephone
become
and
each
the
in
of
transmission
by submarine
estimate.
.
coaxial
over
cable,
and
cables
which
(li
Equipment to fill "held orders" which cannot
for
the
be met
Associated
Plan
$13,765,812;
of
long-term
debt
subsidiaries
of
due
Output—
of
ended
8.59k
,
of
energy
March
27, .1943,
the
over
sponding week of 1942.
Comparative table of
years' follows:
'
;
properties
totaled
of
output
'
.
the electric
Wk. End.—
Mar.
6
weekly
output
of
kwli.
20
27—.
X
kwh„
for
the
secured
gold' bonds
of
Utilities
of
deposit issued in
respect of
exchanged them for common stock of
Corp. in accordance with the
Amended
certificates
not
Utilities
of
Utilities
the
upon
ol
50
certificates
certificates
for
each
Ohio,—V.
155,
Service
issuable
principal
to
amount,
deposit)
only after surrender
deposit to the Huntington National
of
their
Bank'of
2273.
p.
Atchison Topeka & Santa Fe
Ry.—Earnings of System;
Ry.-oper.
expenses
Mos.—1942
$69,155,517 $43,516,164
revenues—J— $38,591,263 $21,165,625
Ry.
oper.
*Ry. tax
■
Other
17,209,100
35.293,763
11,311,976
accruals—JJ_.
debits
13,549.571
5.056,497
Crl21,060
23.377.427
8.015.638
Dr597.080
Crl05,101
credits,
or
Drl68,682
28,662,784
'
Net ry.
oper. income.
$4,901,505
$2,680,617
$9,887,247
$6,942,843
'Railway tax accruals for month of February, 1943, include
$9,457,000
Federal
income
months
excess
in
•
and
income
Federal
J
taxes
ended
Feb.
profits
excess
in
28,
taxes
profits
1942.
taxes
compared with
$3,633,893
tax accruals for
the
two
Railway
include
1943,
compared
$19,707,000
with
$5,130,000
Federal
Federal
income
income
and
taxes
1942.
electric
1941
70,889,000
.M,.
for
energy
the
$1.50 Common Dividend—
last
61,800.000
The
1940
-
<M' 1939
v
52,115,000
45,149,000
directors
share
per
April
30.
A
March
on
the
on
30
common
like
amount
*'
declared
stock,
*
dividend" (No.
a
payable June
1
disbursed
was
March
on
80,762,000
71,715,000
61,855.000
50,439,000
45,138,000
ments
71,789,000
61,356,000
51,267,000
44,045.000
78.881,000
72,625,000
62,571,000
50,632,000
45.840,000
121)
2,
because
year
were
follows:
as
March
2
and
of
$1.50
record
last.
Sept. 1, $1.50; and Dec. 1, $2,50.—V. 157, p. 1046.
last
of
holders
to
79,491,000
.
Public
stock
$1,000,
of
of
Columbus,
shares
(Includes Atchison Tppeka & Santa Fe
Ry., Gulf Colorado & Santa. Fe
Lv
Ry., Panhandle & Santa Fe Ry.)
Period End, Feb, 28—
1943—Month—1942
1943—2
an
corre-
per
'
-
1942
80,666,000
Mar.
■>
or
cents
convertible
or
have
ratio
or
10
-
1943
13_—•_
who
the
Columbus,
company
78,881,000
72,625,000
five
/
(in
of
year.
Co.,
Public
bonds
bonds
in
;
this
of
dividend
a
par value, payable April 1 to holders
distributions were made on April 15
of
Reorganization, dated May 1, 1937,
will receive the dividend payable
Co.;
subsidiaries.
of
declared
no
Similar
5-year
bonds,
19
stock,
22,
last
of
and
week
increase
following:.
now
debt
$1,318,358;
Output of electric
Mar.
,,
the
are
charges,
■
Ma rv
the estimate
deferred
$432,680;
15,
Service
such
capital stock.
$462,939; .minority interest insurplus of subsidiaries, $2,157,649; first preferred
stock
(200,000 shares, no pari, $20,000,000; common stock
«2.343,105
shares, no par), $23,431,050; capital surplus, $1,318,068; earned sur¬
plus, $20,938,424;. total, $433,405,732.
in
.
included in
etc.,
Oct.
March
on
common
March
Holders
preferred
on.
stocks
common
that-
t
the items
Among
premium
first
included
not
are
deposits,
j Weekly
transatlantic,
and
receivable, Dr$481,547; operating and con¬
supplies and appliance merchandise, $3,342,732;
and
the
on
record
Public
1943, $16,000; other current and accrued
liabilities, $288,534rctistomers'
advances, for construction, $1,178,207; deferred- credits, $288,761;
re--,
serves,
$52,680,517; contributions in aid of construction, $1,944.204;.
developments,"
speculative
numerous
of
accounts
materials
customers'
Growth,"
available,
needed
doubtful
directors
share
cash
accrued, $14,427,406; interest accrued, $1,963,606; matured inter¬
payable, $624,292; preferred dividends accrued, $98,158;. dividends.,
declared oil preferred stocks,
payable after Dec. 31, 1942, $1,309,502;
be needed within ten years
may
$7,735,656;
est
a
"Financing
amount
an
Associated Public Utilities Corp.—10-Cent
Dividend—
The
S.
taxes
period."
Mr. Sullivan, outlining aspects of the con¬
which.can now be foreseen with reasonable accuracy,"
program
out
such
million
of that
years
struction
points
time
entitled
article
an
that
hundred
for
Telephone System
securities,
U.
them
System
&
Government
$14,115,658;
Monday, April 5, 1943
>
19-12
$178,416,500; preferred
capital stocks of subsidiaries, $90,188,550;■•-long-term debt of American
Water Works & Electric Co.,
Inc., $16,856,000; notes payable to banks,i
$1,686,000: accounts payable to non-consolidated
subsidiaries, $290,166;.
accounts payable to others (including
payrolls of $308,014), $1,522,841;
clucing centerless grinding equipment, in addition to releasing existing
capacity for other purposes.—V. 157. p. CGI.
American
other
and
Liabilities—Long-term
the
of
necessity
the
notes
insurance, taxes,
total, $433,405,732.
and centerless
steel
31,
cash in banks and on hand,
prepaid
IjfEjviously specifications called
ground bars, capacity loi pioduction of which was limited by lack of centerless grinders.
The use
of
cold-drawn open hearth, steel- bars permits greater production of
bullet cores, the requirements for which had grown beyond the capacityof
the
nation's
electric
furnaces
to
pioduce.
Thus more electric
for
Ilec.
for
for
serves
has developed a cold-drawn bar from
proved suitable for use in the core, oi
has
Sheet,
payment of matured interest payable (contrai, $624,292;
special deposits with trustees and others, $1,02^2,041: accounts receivable
from non-consolidated subsidiaries,
$147,538; customers', accounts re¬
ceivable, $5,734,091; ..miscellaneous accounts receivable, $360,407; , re¬
it is announced,
steeL_which
"stinger," of machutfe gun ammunition.
$6,055,241;
tax
banks
in
American Steel & Wire Co.—New Development—
open
assets,
Treasury
1947.
p.
Balance
CHRONICLE.
Assets—Property/plant and equipment, $380,551,131; investments and
on
stock, payable April 20 to holders of record
April 2.
This compares with 10 cents paid on Dec. 15, last, 15 cents
on
Oct. 10, 1942, and 12 cents each on June 16 and Dec. 29, 1941.—
no
& FINANCIAL
June
1,
Pay¬
$1
each;
■
of
lack'of
are
facilities.
expected
available.
12
:
of
to
of
to
highway and
(5>
,
again
become
-
seriously
overloaded
The
•
the
condition
construction
of
program
telephone lines
many
Replacement
of
older
types
of
telephone
instruments
-
; There
of
can
of
Such
inland
a
waterways.
Mr.
program,
much
plant in
of growth.
vast
well
Sullivan
few years
a
points
out,
building
means
required,"
he concludes,
will be in
"depends
only
whole.
a
period
to
If the
Bell System
maintain
its
credit,
is
to
almost
the
entirely
capital
For
Discussing
to
would
"The
obtain
be
Bell
System
limited amount
a
mistake
a
to
suppose
much
funded
and
possible
financing
why
this
and
of
the
to
in
be
cost-
companies,"
of
bond
lie
economically-;
employment can be
.
I
Mr.
Cooper,
attract
less
these
than
results
think
it
is
"have
in
1930,
been-,
observes,
But
and
1942,
this
equity o,back-log
The
only
and
reason,
Of
a
have
been
that
payments
of
only
Other
29
and
37 k
nearly
by
the
end
6 '<
of
of
sufficient
to
investors
been
not
I
average,
1920
May
series
be
31,
1943,
dated
A,
made
at
The
total
a
Nov.
the
minds
which
words,
it
average
while
has
invested.
{.equally paid
protect
Bank
to
1942,
price
the
book
average
was
$146.42,
of
or
a
to
put
the
market
National
New York, N. Y„ or at
Trust Co., trustee, 231 South
&
market
it
seems
as
clear
the
have
value
little
earnings
no
If
with
the
stock
little
very
been
investment.
the
rates
worth
that
this long period
stockholders'
times
at
being
the
book
value."—V.
157,
American Water Works
p.
&
Consolidated
Income
123,911
156,821
7,070
oper.
Net
ry.
Profits
Oct.
1942
L$42,025,522 $32,622,488
royalties-—
30,026,018
24,860,026
.molds.——____
-1,040,698
L—
r__
•
income—
39,025
27,315
11,276
railwayrailway—j__:_
$3,022,140
62,635
—V.
24.658
$3,046,798
119.911
79,395 J
1,998
351,616
for
157,
12,119,651
$6,704,386
$2,652,074
$13,428,975
—
$14,066,380
9.622,400*
$4,443,980
4,500,000
700.000
9.000.000
* 1.350,000
$2,204,386
$1,952,074
$4,428,975
$3,093,980
rent
facils.
Dr552,702
$1,651,684
Dr260.193 Dr1,027,384
/)r467,985
$3,4dl,591
$2,625,995
$1,691,881
1143.
p.
1943—2 Mos.—1942
$25,548,626
4,692,476
oper,*income.
ry.
3,098
$7,344,550
___
for
47,882
22,632
<
•
.
$12,689,409
5,985,023
—^
taxes
& Jt.
310,684
87,424
40,908
■
revenues.,
paid
'
l
profits
The
the
the
than
have
Jan.
well
1,
plus
1953,
*
its
1952,
first
Calendar
Edison
its
secured
The
on
in
Years
the
of
1940
$57,886,457
rities
in
and;
by
proposed
income
for
the
Southern
trustees
of
;
of
Agecorp
which
agreement
the
transfer
with
of
12,246,816
Inc.:
Interest
':
WksT&
to
for
advance
gold
157,
Commission
&
and
$1,130,442,
$1,050,000
bonds,
J of
war
the
Ageco,
certain
to,
been
of
July
687.
p.
851,627
17,123
The
and
22
of
16,591
$3,808,664
$4,041,182
1.200 000
share—XXI
1,200,000
1.200.000
$0.72
$1.11
$1.21
1,416,858
3,274,248
the
U.
S.
Paxson.
and
the
to
6.800,002
of
interests
subsidiary
deduction
for
of
The
978
2.077
1,902
592,000
592,000
stock
6,207,024
13.754,229
5,625,453;
dividends-.—______
1,864,799
5,327,996
2,663,999
634
2,171
8,424,062
2,959,633
2,663,998
2,663,998
2,663,999
$2.33
$5.16
$2.11
.
;
applic.
to
common
stock—^
capital
stk.
com.
outstdg.
share
per
on
($25
below;
summary
part
—
common
v:j
Paid
companies
expenses
of
allocate and distribute
said
lorelgrit
_
U.
S.
1941
1940
$7,233,904
$2,728,236
Fed., State and
,
Fed.
Other
profits
excess
None
None
4,497,787
5,012,912
tax—
-
taxes
Taxes
together
investiga¬
Direct
as
j
and
in
accounts—
taxes
excise
consolidated
None
*
$7,505,660 $12,246,816
j
$7,148,568
(not
ri
33,740,634
30,420,360
other
the trustees of Ageco and Agecorp, and their sub¬
in such proportions as may be appropriately
Total
taxes
paid
accrued
or
Consolidated
-■
Output—
trustees
March
units,
or
V.
157,
of
net
12.8k
Assets—
Associated
26,
Gas
electric
131,349,389
above
units
Electric
&
output
(kwh.i.
production
of
Corp. report, for the week
the Associated Gas & Electric,
This
of
is
an
increase
116,426,303
units
a
of
14,923,086'
year
ago.—
1143.
p.
t.Plant,.
'ViJv'T'J.;
equipment,
Investments,
Marketable
Gas
&
hearings
so-called
of
the
Electric
"recap"
referred
the
Gas
&
Corp.—Hearing Put Off—
Crane
E.
fairness
of
a
involving
Electric
on
' March
proposal
the
Corp.
29
for
relative
and
the
postponed
until
compromising
status
of
the'
securities
Associated
Gas
&•
$33,494,854 $45,987,450 $37,568,928
——
Balance
the
in
proposal had been submitted to the Federal
reorganization
proposal
holders
to
of
Judge
involved.—V.'
both
companies.
Crane
157,
p.
to
777.
,.The
determine
court
court,, in
its
Oil
Sheet,
Dec.
31
jJJ
etc._
and
receivable,
U.
S.
Govt,
and
from
Cash
Other
14,998,738
trust
:j—_—
and
——
funds. I—
deferred
charges
19,633
11,328.245
18,802,683
19,040
—
—
31,071,
1,760,846
49.440
2,237,690
j
—
to
2,183,880
'
Total
!
.
v;
:
..—
.
s
(Continued
on
233,850,868 229,271,661
page_1265)
<
5,139,139.
13,540
______
.
assets.;
—__2_
25.004,101
5,984,307
—
current
258,964
13,682,871
20.396,370
____
employees
Special
2,344,668
;;
its
Materials and supplies——
Due
2,850,705
13,297,976
_—
j
_____
inventories
2.319,717
Jj—.
receivable———
notes
1941
•-J$•
————
158,643,694 161,670,211'
by
turn, *
fairness
V
companies—
other
Prepaid
Co.
trustees
security
on
litigation
Associated
The compromise
the
Electric
Master' Frederick
;;'
securities j_4—
and
Accounts
Claims
Associated
Special
4,420,332
income
...j—25,989,194
accounts)
and:
income
per
sales
included
pro¬
court
and
Accrued
or
$3,007,873
(U. S.
secu-.
these
securities
1,821
1942
Income taxes
j
.
;
-
the
Ageco
various
i:
IjJ4
"
6,219.355
4,341,591
-'See
of Ageco for cancella¬
against Daniel Starch in¬
Starch
14,348.306
592,000
stock
Earns,
trustee
Daniel
certain
After
shares
828.441
LL
post¬
Court
to
7,047.796
816,623
2,000,000
and
income
interests,
Shs.
deliver
delivered
certain
claims
from
be
to
are
15.164,929
901,582
war-time
Minority
secu¬
District
,
9,701,584
charges
Tor
Balance
!
compromise thensubsidiaries and affiliates
by
5,483,022.
1,564,774
'
assets___—
approvedv
certain
J;.. J :J. J J-
was
April .29
92,921
13,748,071
874,508
affiliates,
Weekly
$5,011,920
861.227
12,670,994
5,552,828
Income applic. to
minority
Divs. on
preferred stock
Approved-
Brownbaek & Paxson will
which
compromise
assets.
among,
and
ended
.
$3,692,198
Preferred dividends
common
90.192'
16,454
;
71,853
3,140,029
11,831,631
3,083,258.
1942
•
831.525
3,164,278
income
York.
New
delivery
Corp.
928.011
-
Amort. of debt discount &
expense
2,268,831
1,-
'
Brownbaek and
approved
delivered
Agecorp,
other
approvals,
or
3,151
contingencies
Net
t
24,377,303
3,069,243
Income
Reserve
entered into to
indirect
cancellation-,
to
and
Elec.
Miscellaneous
7,148,568
:•
involuntary conversion
fixed
Interest
cash-
of
due
March
on
Electric
against Travis,
Agecorp.
be
to
are
determined.
"$4,767,605
.
10.853,986
operating
Income from
agencies
Water
Co.,
J
102.643.353
31,012.811
Non-operating income inet)_„__„—
approved
bonds, due
negotiation, settlement, and distribution incidental to
posed settlements, the companies will, with the
requisite
sidiaries
$4,612,031
Balance
$ "-'Vs..
117.818,593
7,505,660
amortization
19
tion,
assets
14,156,920
>
1940
*
19,479,208
Approved—
4Vi'J
own
Corp.
Island.—V.
Gas
direct
for
The
6,148.492
$18,688,780 $19,070,262
13,921,175
14.058,342
1
;
Net
March
on
its
50-year
agreements
and
District
stock,
4.129,419'
$18,768,951
4k
Staten
have
volves
4,959,459
689,544
136.280,236
expenses.
*
Richmond Light & RR. to enable it toentire outstanding issue of $1,000,000
of such agreements Travis,
debentures
group
(subsidiaries!
of
Edison
proposes
Exchange
with
settlements
6,423,406
827.273
^
Associated
connection
5.335,533
-521,911
Island
trust
of
claims and those of their
$18,247,040 $17,861,'507 $18,-380.718
<
V,
Operating income
Insurance conting. and misc. res.—
Intangible
development
costs
Depletion, deprec., retire, and other
—
Gas & Electric Co.—Compromise
against Daniel Starch
-
I.'on-operating income
gen.
1941
*;
' '
I- 163,265,104 161,078,220 134,169,224
income
ar.d
.
105 the
by assets
acquisition
rities-
1941
831,191
Commission
$2,222,000
-Co.,
collateral
Securities
6.653,906
432.519
of
subsidiary,
price
and
Associated
,
$62,866,480
6.808,148
operating
Common
a*
the
1942
.$
the
As .part
'
235,000
Costs, oper,
"Taxes
Subs.)—Annual Report—
(&
interest.
Island
money to
redeem at call
of
Exchange
company
from .Staten
accrued
Staten
■
and
by
sale
dividends
been
Securities
6,180.802
deplet.j;.
adjusts.
Gross
118,318
Co.
Calendar Years—
the
purchase
commission
&
350,000
1220*313
_r__—:
profits, taxes...
Associated Electric Co.—Bond Purchase
4,231,174
property account
*4,348,800
265,000
taxes
excess
Refining
703,000
Anchor Post Fence Co.—New Directors
1142.
10.411,550
496,106
Charles Igoe of New York and H. F. Smoot of Baltimore have been
elected directors.—V. 156, p. 2303.
19,109.184
income—,—.;—.,
25,511
555,900
..
taxes.—
.
4.363,720
per
365,451
expenses
J Atlantic
'
21.242,975
Income
468,816
4.
revenues
equip.
Net
$6,987,344
contingencies
for
4,410.031
,
on
Deducts.—Am.
987.
p.
803,493
income.—
oper.
amt.
of
23.373
J
required
2,733,403
$6,924,709
43,552
Operating income
$5;755,543-s
,
2,943,637
1940
$153,969
72.348
oper.
Amt.
Net
$9,868,3.46
expenses—..
1941
$169,930
179,194
oper.
157,
964,860-
-
:
1942
railway.
from
Net
1,090-,460 J 1.042,059:,
,
—Earnings—
$243,881
Operating
Operating
and
new
RR.
'1943
Atlantic Coast Line RR.—Earnings—
End! Feb. 28—
1943—Month—1942
1941
-
oint
West
^ Period
discounts
"36,183
$395,234
from
19
56.615
4,446
January 1—
ry.
—V.
year_!_j—J___;
$1,571,820
$1,144,374
Earnings per share——$1.96
$1.36
'-After $483,200 post-war refundable
portion.
tAfter
deducting
$20,194
post-war
refundable
portion.—V.
157,
p. 1142.
v-Jjw vJij;
■;'J;'J'."-'-, J
business.
highly,
more
and
of
only
higher than necessary
earnings had been'
1942
Operating income
Deductions
of
last
110.110
-
861.
p.
railway——
from
Net
capital-
and
&
from
Gross
Payments
157.
'
22,496,303
deprec., retire.
of
Earnings
379,036
income—
ry.
Net
the
on
9.
,__j.
income and
_W_—j-$68,832,151
taxes
Gross
*19,398
596.818
Gross
Subs.)—Earnings—
________
excess
revenues
Maintenance
for
<&
,
deprec.
gen.
for
was
more
the
Account* for
„
Amort,
declared
April
operations-
Income
expenses
taxes
been
record
sales__j
and
tion.
Comparative
Operating
Operating
has
of
less
„—
Provision
to
Electric Co., Inc.—Annual
Report—
Other
*2,245
687,592
Net
\
cost
on
income
c.ertain
Federal
*22,808
766,205
February—
.
value
the
average have protected,
invested by the stockholders an
the
rated
It
over
the
investors*
on
then
of
holders
rentals,
income
Federal
•
1914
higher than necessary for this
purpose, that fact would
unquestionably
have ,been reflected in the
price, which would
excess
$291,741
25,396
73,954
Atlanta
1934.
1,
Chase
Broad St.,
11
share
per
to
.
of
Canadian
inescapable," Mr. Cooper states, "that the
Company and the dividends paid have been
margin, the amount
amount
50,313
1,195.620
than
more
purposes."
From
book value per share
the
years,
have
the
necessary
average market
book value.
figures
other
Net
of
as
bonds,
will
Other-deductions
the conclusion is
the American
in
at
mall
„
excl.
from
Federal
1942.
earnings.
.
the
above
think
stock
35,313
income
oper.
from
'J'Deficit.—V.
.
.
accomplished with lower
this is not so,', that on
these
from
years
and
earnings
•
6V
allowances,.,—
profit-
Total
reason,;
shorter
23
ol
and
admin,
Profit
frequent';
by
the
average
of A.jT.;
full amount per share
standing to the credit of the
stockholder—was $137.27. while the
average market price was
.,.140,08, or only about 2k more than
the book value.
For the
$137.67
19
royalties-
Gross
it
course,
common
period
1940
$333,97.9
169,496
January 1—
railway...—
from railway
Net
-
continue to obtain very
of equity capital.
stock—-the
period
cents
machinery
sales,
Selling,
it
is higher
accomplish
h
T.
25
April
Depreciation, incl.
financing was possible is that the earnings,;
earnings after taxes, were satisfactory to the
that regulatory bodies should reduce
demonstrable
to
of
^Patent
argument
30 k
could
earnings
•sufficient
•
1142.
p.
ry.
1941
$342,905
From
Gross
corresponding
new
than at any time since 1925.
*."•
As to past
earnings, Mr. Cooper states, "Credit has been maintained
end equity
financing has been done. Some critics have contended that,
Frov.
redemption
Ilocking-Glass Corp.
and
Cost
stock
mean
The
.
large back-log
maintain
The present debt ratio
to
the
April 20 and July 20. 50 cents each;
25 cents each.—V. 157, p. 341.
21,
;r returns
Reviewing past performance, Mr, Cooper notes'that the
proportion
long-term debt in the Bell System's
capital structure was 46 k Jin.
1920,
.the
157,
for
follows:
as
Calendar Year—
Sales
raised
at cheap rates.
money
of
pyaable
were
Anchor
Bell System earnings because of its
high credit standing starts a vicious
circle.
The credit is
high because the earnings are good, and have
been satisfactory to the investors."
Jr?;
In
for
trust
Payment
City of New York.
reason,
enough in the war
earn
can
that they could
large amounts.
continued
course
investors.
i
kwh.
RR.—Earnings—
1942
$564,639
proportion-
debt
been
stock
"I
the
and Dec.
larger amounts at the same cheap-rates."-a
Ability of the Bell System companies to issue bonds at low
proportion
interest, Mr. Cooper continues, "has been due to the low
...
called
collateral
interest.
dividend
A
year
how
upon
this
financing problem
in
greater
detail,
System's need for earnings adequate to
the
equity capital.
able
than
of
been
of
and
stock,
but to the nation
the
emphasizes
the
Net
totaled
Anaconda Wire & Cable Co.—25-Cent Dividend—
.
years'
reasonable
a
System
permitted to
the
65
quickly, the materials can be obtained, and
given to tens of thousands of men and women in the transition
period
l.rorn war to peace."
;-
of
increase
an
output
From
position to raise the/
a
and
has
1942,
157, p. 214.
one-third
the Bell System has built in
as
sustains .its credit position
during the war.
the Bell System's ability to continue to finance
at
Is a matter of importance not
of
of
with
Coast
1943
dross from
'■ v
1943, -power
9k.—V,
Continental Illinois National
La Salle St., Chicago, 111;—V.
*
it
;
of
the
,
"How fast the Bell System
sums
as
increase
an
compared'
as
Birmingham &
February—
"
railwayNet from railway——'
for
company
and.
boats
as
year,
have
105
Bank
Extension of overseas telephone service to additional
points.
(9> Wider establishment of time and weather announcement
services.
1101
Extension
of
radio-telephone service to motor vehicles
.
month
.ending Feb. 28,
against 611,225.379
as
kwh.,
v
months
kwh..
S325.000
at
(81
.
corresponding
this
Net
,
;
the
322,410,784
of
American Utilities Service Corp.—Bonds Called—
by.newer
of means by which telephone calls over toll lines
either by the person making a call or by an operator,
Further replacement of open-wire toll lines by cables. ;
<7i
totaled
„
subsidiaries
k
two
668,796.245
be dialed,
,
for
electric
.
the
dial
to
the
February
kwh.
period last
telephones
Extension
<61
of
of
.
types.
;
12k.
For
programs.
converting
month
Of
because
output
power,
288,961.337
margins must be restored and in
replacement of plant built in war-time
of
Atlanta
February Electric Output Increased 12%—
and
400,000
.
relocation
the
than
materials
before
present
post-war
of
service.
more
plant
involve
and
other
Resumption
the
Normal
will
Reconstruction
<41
rapidly
relieve
plant. '
this
cases
(3i
increase
number
now
'
telephone
many
orders
'
Facilities
>
These
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4165
157
Volume
Stock and Bond Sales
DAILY
■
NOTICE—Cash and deferred delivery sales are
New York Stock Exchange
<«>
WEEKLY
-
YEARLY
-
unless they are the only transactions of the day. No account Is taken of such sales In computing the range for the year.
disregarded In the day's range,
United States Government Securities on the New York Stock Exchange
bonds on the New York
furnish a daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation coupon
Exchange^during the current week. Figures after decimal point represent one or more 32d of a point. (See note below). \
Below \ye
Stock
4 Vol,
1947-82
:
U.
113.12
—•!
U, 1844-84
v.V:-VvvV-
Total
5
2
\ Low
[Close
( High
<{ Low
VaS, 1962-67
Total
sales
in
$1,00 units
2VaS,
Low
[High
100.5
100.5
1
•
sales
In $1,000
(High
——...—\ Low
2%S, 1967-72
Low
units
[Close
1
$1,000 units
Low
2%s, 1951-53.
Close
Close
Total sales
$1,000 units
Vet, 1944-48
—■
sales In
j
2%s, 1952-55
Low
[Close
(Close
Total
in $1,000 units
f High
High
Low
'
,
3
Total
$1,000 units
sales In $1,000 units
(High
(High
\ Low
[Close
■
(High
Close
Total
$1,000 units
Total tales In
1
2%s, 1954-56—Low
High
IVai, 1946-49
sales in $1,000 units
1947
2s,
Low
Vat, 1949-62
—
Low
•
Close
Close
Total sales in $1,000 units
Total saltt in $1,000
High
105.28
tales In
•.v,'.;,'
:
$1,000 units
■■■
!,
Total sales In $1,000 units
\
Low
$1,000 units
2s, Dec. 1948-50
110.9
Close
Total
5
—_
(High
Total sales In $1,000 units———
—;
f High
tales in
(High
104.10
104.10
[Close
Total
Low
[Close
] Low
SHi, 1943-47
sales In $1,000 units
Ss, June, 1949-51
Low
(Close
Total tales In $1,000 units
•
Close
(High
\
$%t, 1955-60
Low
110.9
IS, 1951-85
Total tales In
High
110.9
High
„v-
liOW
Close
105.28
Close
Total
2sl March 1948-50.
105.28
1946-48
3a,
2s,
1949-1951
Sept.,
] Low
(Close
104.10
$1,000 units
Total sales in $1,000 units
5
'
( High
;
,
Total
In
sales
2a, Dec.,
\ Low
[Close
2% 1, 1948-51
.
.
| High
Low
1949-1951
1
(Close
Total sales In
$1,000 units
$1,000 units—
(High
High
( Low
[Close
i950-52_.*—
2$,
Low
2%s, 1951-54.
Close
sales In
Total
Total sales In $1,000 units
$1,000 units
—
(High
(High
•( Low
1%«, 1956-59
2s,
1951-55
Total
sales In $1,000 units
Efigh
Hign
1953-55
2s,
Low
2%s, 1958-63—
Low
Close
Close
High
f High
109.4
Low
109.4
Close
109.4
«%». 1960-65
Total sales In
l%s,
High
sales in
Low
[Close
sales
In
$1,000 units
Federal
Farm Mortgage
3%s, 1944-64
Low
Close
Total
•{
1948
Total
2
$1,000 units
1945
8%s,
sales In $1,000 units
Total
Total sales In $1,000 units.
*
(High
Low
Close
$1,000 units
Total
sales in $1,000 units
(High
1948—
8%$.
sales In
$1,000 units
106.6
Close
106.6
Total sales In $1,000 units
[High
lVaS, 1945-47
Close
103.24
Low
103.24
(Close
103.24
2%s, 1952-54
"
$1,000 units
♦Odd lot sales.
NEW YORK STOCK
Monday
'63
;
♦112
■:
:V 63%
115
♦40'/a
♦48%
49 VA
11%
27%
'•V;
70
4%
4 V,
1%
30
25%
9
9 Vb
*27%
28
27%
20%
21
20 %
44
x43 Va
44
70
*64
70
70
•66
4%
'
1%
14
1%
14%
14%
30%
31 Va
25%
*69
155%
V.
158
14
21
16
15
16%
15,400
32%
33%
7,400
24%
25
6,800
71
71
A 71;
9%
34
16 %
16 Va
16 Va
79
78 %
79
9%
159
*69
9%
158
9%
9%
158%
158%
13%
'
20%
1%
16 Va
1%
*17
78%
*12%
19
*18%
*12%
14
19
18%
*68
71
''
9%
9%
159
158%
14
■
9%
9%
9%
9%
*80%
81%
*80%
81%
34%
34%
34%
21
21
9
34%
21
18%
9%
81%
20%
1%
1%
1%
*1%
♦17
17%
17
17
*78
79
78
79
-
34
21
1%
17%
78%
%
*80%
21
1%
*
9%
16 %
78 Va
19%
9%
14,300
Allen
Allied
Dye_
1%
78%
27%
28
27%
27%
27%
27%
27 Va
27%
61%
62%
60 Va
61
61
61%
59 %
60
300
2.400
'3,100
3,700
28
3% Jan
7
Stores
Corp
preferred
Mfg
Portland Cem
Amalgam Leather Co Inc
6% conv
Amerada
Am
preferred
Petro
Corp
Agric Chem
American
85
No par
11
No par
23
Inc
10
52
31
May
43
Jan
Jan
x70
6 ;
Jun
26%
Dec
Jan
Mar
16%
Dec
Apr
41%
Dec
Jan
69
Oct
4
Nov
10
1% Mar
69 Va July
Mar
3Va
16% Apr
3 Va
9%
33% Apr
Feb
Jan
,
Va
Oct
Apr
6%
Nov
6%
Nov
Jun
17
Jan
May
22%
57 Va
Nov
73%
Feb
3%
Apr
7%
Deq
16
25% Mar 27
1
2
94%
Apr
t3«
16 V2 Apr
.
c
<
118 Va
Apr
149
Jan
Jan
May
12 Va
Jan
Apr
16%
Nov
Apr
6%
Nov
3
10
19% Apr
2
11%
9% Apr
2
4
Mar 25
64
July
34% Mar 31
22
Apr
30 Va
Jan
Apr
19%
Nov
H Au&
lVa
Jan
12 Va Mar
2
Nov
29%
9% Mar 31
14
8 Va
61
Mar
159% Apr
Jan
Sep
Apr
18%
>
Apr
Apr
Dec
5 Va
2
Mar
2
Dec
48%
39
Mar 29
100
71
16% Jan
6% Jan
73% Jan
26 Va Jan
17% Jan
% Jan 13
13% Jan 20
CDel)
Airlines
Mar 31
43
45 % Mar
7 "It Jan
x67
113
28
10% Jan
50
112 Va Mar 13
Mar
2lVa Mar 30
140 % Jan
No par
100
No par
—No par
—1
May
Jan
Jan
Jan
share
51 Va
37
Feb
No par
No par
Alpha
17
'
Jan
Highest
I per
104
12% Mar 30
Jan
1942
63 Va Mar 12
50 Va Apr
5
&
Co
Allied Mills Co Inc
Allied
'_No par
jii
100
1
Industries Inc
Chemical
100
J per share
share
Jan
18 Va Jan
64
Jan
5%
800
hf
t per
Jan
41%
7%
25%
14%
38%
67
->•
100
10
23
Alghny Lud Stl Corp
Alleg & West Ry 6% gtd
1,000
62
3.600
Min
23
Allegheny Corp
No par
5Va % pf A with $30 war
100
5%% pf A without war._-__.100
$2.50 prior conv preferred-No par
21
28 Va
V
V
Gold
par
Feb
25
11
5% Jan
2
5% Jan
2
13
Jan 11
Allis-Chalmers
27%
\
Juneau
Albany & Susq RR Co
9,800
60 %
1247.
Alaska
»_10
No
Vicksburg Ry Co
Allied Kid
81%
61%
page
3,100
Corp..
Inc
34%
28 %
see
2,600
14
61 Va
footnotes
50
,
159%
*12%
19 Va
34%
71
28
For
40,100
25
*80%
78%
37,700
*
32%
*12
82
1%
1%
16%
20
'
14%
156%
34%
20%
69,000
:
24%
18%
1%
1%
&
31
x9 Va
21
6
15%
1%
16
Ala
15
9%
*1%
1%
15%
Corp
Reduction
4
35% Jan
/ 25
No par
No par
Co
Adams-Mills
110
No par
Express
Air
25%
19 V4
21
1%
15%
Steel
Adams
51% Jan
100
preferred
Address-Mutigr
77"
.
105
*100
800
Acme
I per share
No par
Abraham & Straus
7,800
31
9%
34%
1%
14%
5Va
5%
103
.
70
*64
Abbott Laboratories
-V Year
Lowest
Range Since January 1
Lowest
Highest
Par
2,600
43%
14%
18%
*80%
5%
*100
.V
20
;
30%
15
25 %
.
9%
83
5%
101
27%
20
24%
14%
19 Va
33%
1%
15
5%
*100
27%
M 43%
25
*69
9%
100
*64
25,600
30% ■"•"31%
...
71
*12%
55/a .7
99%
15
25%
K
5
99 Va
vVr 9%
69
1.200
>
12%
11%
20%
43%
50 Va
49%
27%
21%
44%
9%
33 %
12%
20
43
*41
50
12
28%
*18%
*79'/a
49%
12%
44%
*27%
>14%
V
155%
*12%.
49%
11%
21%
14
71
*68
49%
:
44%
1%
14 Va
25 %
43
YORK STOCK
EXCHANGE
4%
114
*111%
113
21%
4%
14
30
12 V,, :
*41
43
28
*95
1%
13%
49
,11%
♦111%
115
1,500
60
60
60%
20%
*65
99%
14
43
60%
27%
43%
♦95
49
*111%
<
60%
43%
21
*65
60 V,
42
11
43 Va
155
115
42
49
21
•'
*112
41
11
*27 Va
62
115
*40%
48%
10%
62
NEW
Shares
1 per share
1 per share
for
the Week
Apr. 2
Apr. 1
i per share
Range for Previous
STOCKS
Bales
Friday
\: Thursday
Mar. 31
• per share
63 Va-:
*112
41
issues.
RECORD
PRICES
Wednesday
Mar. 30
1 per snare
1 per share
HIGH SALE
Tuesday
Mar. 29
Mar. 27
tSale of registered bonds, all others are coupon
4
LOW AND
flaturday
Low
•
sales in $1,000 units
Total
(High
<
3
Total sales In $1,000 units
Low
sales In
102.11
102.11
u
sales In $1,000 units
Total
Low
Close
3s, series A, 1944-52
Close
,
102.11
High
3
9%S, 1950-52
Total
5
Home Owners' Loan
(High
63
sales In $1,000 units
106.6
Low
102.14
102.14
1944-49
Total
(High
Low
[Close
3s,
1_
1949-53
2 %s,
102.14
(High
Low
Close
Total
Low
•
[Close
(Close
sales In $1,000 units
Total
4
100.16
High
Low
•
sales In
100.6
100.16
1
Total sales in
$1,000 units
1943-45
Total
100.6
'
High
J%s,
100.6
■
100.16
Close
Mies In
Total
100.5
100.7
100.7
10
1963-1968
Total
sales In $1,000 units
-
100.7
Low
[Close
(High
High
l%i, 1943-47
Apr. 2
,
sales In $1,000 units
Close
Total
Apr. 1
Low
[Close
___
Total
)%•, 1946-86.
Mar. 31
(Close
113.12
f High
;
Mar. 30
r High
2%6, 1956-58
—
$1,000 units
Mar. 29
Mar. 27
Prices
S. Bond
,
—
—(Low
(Close
„
mies in
Total
Daily Record of
Treasury
113.12
I High
'
Apr. 1
Mar. 27
U. 8. Bond Prices
Dally Record of
Treasury
80
21Va Mar 10
14%
81
Jan
Mar
8
18% Mar
1
11
Dec
18%
Mar 26
43
Mar
70 Va
Oct
2
79
Jan
26
18%
Jun
24
Nov
62% Mar 30
25%
Apr
58%
Dec
28 V2 Mar
4\HE
1238
COMMERCIAL & FINANCIAL CHRONICLE:
NEW YORK
STOCK
Monday, April 5, 1943
-
RECORD
"N
f«turday
Monday
Mar. 29
Mar. 30
# P*r thar$
I
t
»har$
per
share
16%
16%
16%
551/2
54%
17
16%
17
16%
16%
54%
54%
54%
54%
54%
8 Vb
8%
8%
8%
39
129
5%
5%
5%>
79%
79%
*176
8
39 %
3914
n28%
130%
5%;
*176
*176
5%
5%
*55
38
130
5%
33%
34%
33%
34%
34
34%
34%
175%
176
67%
68 3
68 %
68%
68%
68%
68%
35
69%
23%
23%
23 Va
23%
*
110
22 V2
23%
23
23
*110
110
110
110
106
109 Va
.104
105
107
108%
23
111
107
23%
*110
*
108
69%
111
106%
22%
American
2.100
/
23%
Am
5,100
-
111
20
109
110
620
108%
*22%
*24"
28
-
7/9/7
16%
-17%
17;%
*24
28
*9 Va
9
9
16%
17 V8
.17
27%: ;
9
9%
,
100%
100 Va
17%
17%
17%
191/4
191,4
2%
2%
2%
2%
7%
7%
*7.1/4
*100
3%
■•: 3%
65%
7%
26%
-
66%
68
68
100%
.
68%
16%
"
I
9Va
17
101
i
101
21%
2%
2,000
*8
'
10
27%
-
4
28 'A
67''2
9
:
A'/9.V /
4
16,000
65
65
7.3 %
65%
14
I 1.800
? 8,700
12%
13%,
61*
60
61
61 %
61%
35
35%
36
-35%
36%
12%
*58
.
34%
4
4%
4%
39
39
39
*61%
62
611/4
•
36
4
4
*38
39
•
62%
62V4
61
35
39%
62%
/
-61
4%
*38
*37%
14
13%
■
4
4%
•
14
13%
62%
/
•
13%
♦59
3%
3%
3%
3%
3%
'4 %
4
4%
>
48%
*46%
48 Va
46%
46%
44
44%
-
8%
8%
8%
8%
*■5%
6%
•
43
*42
*6
;
•
.
6%
s
43%
42%:
9
:-':.6.'%
8%
6
-43
4%
6y8
6
59
35%
63
6'A
43 Va
43
43
43
43
*42%
43'A
12%
12%
12%
12%
42%
141,4
•14%
15 AA
•13%
14%
91 %•
91%
91%
91%
91%
95
94
96%
94 %
95%
14 Va
14%
14%
14%
14%
14%
14%
14%
14 %
3.4%
14%
8%
8%
8%
9Va
9
9 Va
-8%
9Va
8%
26 Va
26%
26%
26%
26
26%
26 Va
;
*117V4
30% i,
31
1%
1%
26%
26%
31
23%
23Vs
8%
8'A
8%
26%
119
119
-1%.
1%
27%
28
27%
168
*117%
Amer
31
Mach
&
Amer. MetalB Co Ltd
\
preferred—--
90
0
23%
1%
24%
8%
9
*165
170
1%
<
1%
27%
27
27%
26%
23 Va
/
24'A
172
91/4
9'/a
*166
169
*166
5.400
;
Jan
Jan
-2-
2
20-
4
V
10
13%
14%
14
14%
13%
14 %
13%
14%
13%
14
13%
14
18,500
64%
64%
64
64%
64
64%
63%
64%
64
64%
64
64'A
11,380
14
14
14%
'2 300
.2.
.,!;t Jan
2
4/;
Stand San'y-—-_No -par
6% Jan
American
-4Va %
Rolling Mill—
—.
preferred
conv
154
—^100
———.
25
Feb
.
lOVaJan
2
54
jan
2
8% Jan
-100
Apr
9
%
18%
100 V*
Jan
Doc
16% Nov
Jan
3
7%
Jun
Nov
Nov
25 Va
Dec
Dec
2
Jan
49'A
Jan "
I V/i
•-
<
Dec
8%
Dec
10%
Jan
42%
Dec
•25Vsi
Jun
35
■
-
2 Va May
32 'A
x36%
:lVa
-4% Mar 31
Sep
Oct
Apr
58
Dec
4%
37
Nov
Jan
65
40% NOV:
9Va
Jun
10% tJan
Jun
91
Apr
6%
1
1
Dec
5%
Oct
35% Mar
Feb 23
•
\V^2:V- May
2% Apr
%
Jan
36'A
25 // Mar
Mar 26
Mar 30
Feb
2
Oct
3%
Jan
Mar 29
Apr
22%
Jan
4% Mar 17
96% Apr
Dec
3'A May
16'A
;
Oct
7% Doc
7Va Mar
1
9
7Va
48
15
Dec
18
-
•
May
,
92
2
28'A Apr
.Mar.;
12%
Dec
758
Nov
4
May
■/16/,/ Apr
23% Mar
Feb
113%
Nov
Feb
119
;26%
21% May
V2 Mar
15
Jau
Jan/
6
15'/a
Apr
26%
12 Va
Apr
22
3%
Apr
Mar 2)
142 %
Jun
165
Jan
14'A Mar 26
64/a Feb 17
18% Jan
16% Jan
.Preferred
14
3
166
29
Jan
par
Rad
Jan
Jan
20%
110
103
,
3% May
2
:3'/4 Mar
3
116'A Jan
par
Am
21% Apr
2
4
-
15
14% Mar 17
9Va Mar 29
27
Apr
2
121
Feb 19
31
Mar 26
' 2Va Feb 15
29% Mar 13
-26% -Mar. 139% Apr ; 1
20'A Jan
>
Mar
18% Feb 25
101
Mar 13
48
11
12% Jan
7
7% Feb 11.
Liglil-»..----wN(» .par.
preferred/———No
May
May
69
63 Va Mar, 31'
2 /
•
7% Jan
x26
16
105.
,
Mar 19
39
5
$5
/
74,800
169
Power&
2
65 Va Mar 12
36% Apr
1
S6 /preferred——-No
8.900
9'A
■
Amer
17.700
23% "24%
9%
9%
*166
1%
Jan
9% Feb 24
-
i
81 '/a Jan
---100
No per
-
KAmericauvNews
590
23
Jan
-39% Jan
par
Jan
73%
72
Mar 12
14% Mar 12
par
No
33
Jan 48
4% Jan
2
% 5% Jan -5-
—No par
May
55% May
4% Mar 12
37% Jan
.No par
Oct
20
2
—^100
——
—
5,500
m
6
Feb
2
--100
Fdy Co.
Amer Mach & Metals
4
'
Jan
35
-preferred————&_^-50
coiiv
Preferred
5,100
119
30 %
31
-5%
.
53 Va Jan \ 7
No
American-Locomotive—_—_No
5,800
8-
.
2% Jan
par
Co of III—1
7.000
27
26
119
31
:
27%
24%
-
26%~
*117%
v3i:/^;/
30%
2
24 »/4
8%
26 Va
■
■
Jan
30
——1
-
Jan 27-
Jan
par
Corp
2
1:,4
46'A
7
39
——50
.preferred—
American Invest
| 230
£7,700
9
.
1
American-
Jan
176
1
Apr
23
Jan
26% Jan
8
24'A Jan 21
par
Leather—
&
A-mer ,Internat
400
,
14%
- 97'A
-15%
1%
110
1
6% Jan 26-
-
Mar
100»A Mar 15
4 '
De
Dec
74%
159
23 Va Mar, 27
5
3%
Feb
6
35% Apr
72% Feb
22
Jan
,
Apr
Oct
Jan
130%
Apr
Oct
Nov/
49
6%
33
'Apr
l'/a
56%
.
Mar 24
177.
■
1%
24%
■
166
169
■
27%
26%
23%
*164
119
31
2
31
1%
♦118
119
30%
119
*117 %
:
9
9
A
18 'A Jan
96
Feb
19% Fch
10
preferred
con;v
V-:■< 6%non-cum
600
144a
...
Hide
6
109
10
—-100
Power^—.-JVo
9
64 V* Feb 15A
Encaustic
For'.n
Jan
9%
//■■'
(Apr
120
17
per share
Jan
23
•
t
-.
Apr
3% Mar
130% Feb 24
6% Mar 26
'
85% Feb
24% Jan
par
-^_10
American Home Products
16.800
i
12%
•
&
6%
100
6 I
91%
12 %
91
—No
173
preferred-—__i—_-_Wo par
$7 2d preferred A——
No par
$6 preferred-.,-—No par
■12,100
a
2
$7
2,800
|
20
_-.^..__100
American
8%
*6
Fdy
3,700
5
45
8%
3% Jan
71Va Jan
American Hawaiian-SS Co_
|
4 V«
45
-
f%97fe
*6
3%
';/v;;(4;-":
4%
8%
&
6,100
!
37
63
Amer
700
{
'
3%
63%
*43% •-45- '
9
59.
*38
38
63
63%
'
35%
;
3%
*37
8%
/
61
36%
35%
.■
*46 VA
Va 3%
13%
9,300
j
4
Tiling—*-*—1
Amer European Secs__
No par
American Export Lines
i 2,100
28
3'4,
66%
r
'
27%
3%
•
,127% Jan
,-lst preferred-,--.
Distilling Co—r—.-20
Amf
American
"
8
40'A Mar 15
& Cable Inc._...No .par
Chain
6%
•
j 4.200
2'A
2
1
American Crystal Sugars
140
20%
2%
27% Jan
American Colortype. Co
-
5.800
20%
'
12%
900
,
8% Mar 30
t5A
conv preferred—. ___-„_100
tAmericah Chicles
V_„JVo par
/Am Coat Co of Allegh Co N J:_^/25
28
*8%1
101
*2%
27 V4
4
-67%
17
20
8 .,v./
•
*22%
9 Va
101
19%
2%
25%
4Va
3%
3",.
*63%
7%
25%
7%.
26%
26
26%
26
16%
2%
100
100
26
9 I/b
17 VB
-17-
2%
2%
*22 %
...•9%
17%
100
*99%
*17
,/
.A>24'
28
:
&
9
55% Mar 31
100
Preferred
-
5%
5
4
4 per share
ft
Highest
38%
Jan
u__—
Car
Mar 27
-_^^_25
Can„
i
17
47
preferred--100
tPreferred
13,500
69%
*110
;
•American
4 per share
5 '
4% Jan
Cable & Radio Corp
Amer
190
34'A
,'conv
;
22,100
5,000
35%
67%
5%
81
80%:
4 pep share
.
130
V*
.
Note
6%-preferred
50
American/Bosch /Corp... A-—ui-v.1
Am Brake Shoe >fc Fdy
-No par
1,100
5%
83
,'33%
105
300.
38
176 /V
67%
*109%
-
Par
1942
Lowest
8% Jan
,
,
American Bank
4.900
V
*129
33 Va
8
56%
7%
>
Range for Previous
;
Range Since January I
Lowest
Highest
EXCHANGE
"
.
6,500
,
%;./
'
•
i'-fly. KEW-' YORK STOCK
Shares
-
16%
/// 7%
130
175%
share-
16 1
37 Va
82
177
V 4. per
share
5%
82
176
177
the Week
A/%,
54%
%% a-"/ /
*129%
Sales
Apr. 2
16%
37%
131%
81%
81%
80 %
178
•:
v
5%
5%
.
80%
per
8
38
*129
"
8% ' '
?
-
38
80
178
'54%
129%
129%
129%
/
8%
8
39%
39
39
t
I per
54%
'v
Apr. 1
share
per
16
7%
STOCKS
Mar. 31
fo»
Friday
Thursday
W*dnenday
Tueidny
Mar. 27
/;
V-
fALE PRICES
HIGH
LOW AND
9% May
12
Jan
52%
Jan
Jan
6%
Nov
Apr
59'/a
Oct
4% Mar
9%
Nov
'
14%
///;T4;:/:'
14%
'
'
15 Va
14%
15%
15%
31%
-32%
45%
15 Va
46%
13%
13 V8
15%
14
-
14
14
15%
15%
15%
15%
3.5%
15%
15%
32
32%
*31 %
31%
31%
31%
46 Va
46%
47%
47%
31%
47%
31%
45%
46'A
47
'
American Safety
2.000
American
1,540 :
+Amer
Seating
'
31%
32%
44%
45%
151%
•
43
'•r:\26'' -V
151
133b
14 V4
24'A
25%
*997/a
43
151
26%
26
26%
13 Va
13%
-13%
VA
13%
14%
*14%
14%
26'A
25 lA
26 V8
25%
ICO %
100%
136%
136%
28
w87
51%
137'.2
117
5%
*691/2
70 Vb
70%
6%
6%
61/2
6%
67%
68%
x65 %
65%
66%
6%
6%
6
6 Va
30
231/2
28%
20
113
12%
111%
*109%
13
2%
2%
40
28'4
*27%
13
13
2%
*109%
111
12%
109 %
110
4%
4%
4%
56Va
55%
55 Va
57%
*54
*56%
57'/a
55
56'/2
34
34%
341/2
34%
34 7
9
'8%
91/8
*8%
4%
X77'«
78%
80
71%
72
*32 ¥2
34%
101 %
.
52%
77%
7%
7%
711/4
34 Va
91/2
80%
81
72%
73%
-
*321%
102
r
7%
7%
:
100'A
i
32%
10%
81%
76
74%
76
*32%
34%
101
101
it6 V2
00
54
54%
54%
55%
78%
78%
79
78%
79
78 %
791/a
78 %
33%
32%
33%
32%
33%
33 %
35%
34'A
*3.00
101
:
;ir
170
54%
25 V4
25 »A
25 V*
53%
53%
53 Va
23%
23%
23%
23%
231%
*108%
108%
108%
25%
*53
.
r4 0 CO r-"-
108%
00
Va
11%
11'A
51%
51%
*51'A
11
63
63 Va
63%
119
119
11%
*119
11%
55%
79
35%
36%
5% /. 5%.
4
36 Va
26 Va
26%
26%
*53%
54%
53
53
300
23%
231/4
23%
23%
23%.
23'-a
23%
9,600
110%
111%
110%
110%
Xl09%
109%
500
11%
11%
7,300
51%
51%
800
63%
1,170
tAtlas
60
tS'A
11%
4
63%
37
36V2
*36%
5%
5%
5%
119
*11%
118
11%
3%
v
62 Va
63%
*3.18
11%
4
36 %
5Va
64%
119
3%
Apr
Jan
Apr
143%
Jan
7%
Nov
33 %
Dec
Mar
34%
5
120
3%
22
Apr
108% May
V/b
■
39
116% Jan
Apr
'4
.
Nov
70%
Feb
Dec
'5%
Jan
51%
Dec
763a
Jan
29
;
Mar 30
Mar 18
Mar 4
Feb 27
4% Mar 25/
57%
57
34%
9%
8'/8
101
10%
82%
76
32%
102%
55'%
79%
Jan
4
Jan 11,
Jan
71
Jan
5
Jan
4
.
7
2.
Mar
Mar
Apr
Mar
Mar
Mar
Apr
Apr
Apr
Mar
Feb
Apr
Apr
35% Apr
13
z
3% Apr
38%
Jun
24
Dec
30
1
102
2Va
•
42
25
27
1
Jan
17
May
Jan
112% Mar
7% May
27%
Jan
Jan
28% Jan
12% Mar
107
5%
50
22% May
Mar 29
20%
116
13 %
3%
,
.
Apr
Aug
2
20
2
9
7
27.
Jan
Jan
3%
Jan
11%
39%
11%
900
4Va
4
37
118
4 Va
4,900
5%
39
.
5% :
conv
—5
50
52
113
par
preferred—.
1,160
5%
50,600
Aviation. Corp
17%
,
44
18%
106
6%
50%
100
Powder
40%
5'A
19
—25
100
Atlas Tack Corp.—
/
.No par
Austin/Nichols——^.,—-No -par
27,800
Baldwin Loco
72,900
Baltimore & .Ohio
,
'
5%
—1'
..No
11%
51%
64%
Jan
50%
112% Mar 12
26% Jan
—,100
11%
*118
Jan
49%
2
Jna
Aug
134%
2
—^100
/preferred——
Refining—
HVf conv'pref series A
Atlas
Corp—
>6%
vpreferred
51%
11%
RR
5%
11%
64%
—100'
Line
Atlantic'
51%
119
100
Atl G & W I SS Lines.
1,200
11%
■'// 3%
37.
5%
.
26
54%
51 %'
64%
par
100
23
Apr
Jan
Feb
Jan
Apr
39% Mur 26
Jan
97%
12%
Mar
Oct
1% July
Dec
36
Apr
111% Mar
Sep
Sep
4 Vb
Jan
67 Va
Sep
Feb
40 Va
Oct
66
Jan
21
Jan
33%
Dec
5% Mar
31
2%
27
27
2
79
4%
8% Nov
4% Oct
Apr
82
May
July
6%
Apr
61 Va Mar
2
1
Jan
'77% Jan
53
Jun
22
20
Jan
18
1
81%
27 Va
Jan
100
Va Dec
Jan
53
Oct
1
1
6 OVA
Jun
72%
Oct
19%
Jun
34% Oct
83
Jan
28%
Dec
•
26%
54%
11%
111/4
No
preferred—
Atlantic Coast
51%
119
11 %
Co
preferred
5%
29,900
54%
110
Investment
11%
64 %
4
*26
——..1
Atch Topeka & Santa Fe__
I. 4.200
351/4
Dry Goods
100
1st
5%
44,900
par
.—
Oct
Jan
78% Mar
-
21 VA
17%
46
preferred——--—5—-100
t7'A 2d preferred—
100
*51%
52
120
11%
4
3 %
11%
26
+6'7
Assoc
Iff 1%
101
.
25 'A
•
540
f
■
'
*52
340
No
Corp
preferred——
Associated
35
*32%
1007/8
54 Va
7%
16,800
'
82 'A
74
34%
82
Artloom
Feb
Mar
63% Mar 12
5
Jan
Jan
Jan
Nov
33'A
11
49
30
6%
4%
92
6'A
72%
59
29
100
44%
E6
12
21%
101'A
3
5
12
Jan
2
108% Jan
par
Jun
Jan
7Va
Mar
'f/e Mar 12
4
Jan
Nov
36% Oct
144
1-oP 2i
Mar 8
Apr
6% Mar 26
l'AJan
..—-100
No
31
6% Apr
2
70%-Mar. 31
7
2
5
Jan
-
15
54% Mar 30
30
Apr
1
34
par
No par
.—
150
10'A
82
101
.
200
■
(
148'A
Jun
9%
2
29
.2.
24
(Del) pf 7% gtd.>100
6f Illinois:
5
preferred.
tl'.'r preferred—-Armstrong Corx Co-Arnold/Constable Corp.
2,500
100%
-No
$6 conv prior
4,000
,
Midl'd./
Daniels
Armour. & Co
50
•
9Va
78
78
1 2,800
34 'A
101 Va
53%
20.800
*8%
10%
W
P
Armour;& Co
4%
34%
102
.10%
•
Archer
Jan
.
Jan
16%
15
Jan 27
10'/a Jan 13
39
Mar 29
119
Jan 26
5
Jan
Jan
Jan
Dec
Jan
43
Apr
136 V-s
142
16Va Jna
5
111% Jan 20.
lOVaJan 13
Corp.——12.50
-preferred—.vAx.No par
Copper Mining
w-^^20
Paper Co Inc..—5
Andes
A
400
56'A
4
$5 di'v
800
Jan
25
42% Jan 11.
24% Jan
2
—1
Anchor Hock Glass
400
2
2
Jan 14
Jan
6
Jan
8
Jan
3%
53%
334
-55%
par
-—-,--100
Amer Zinc Lead Si Smelt—
,
*
7%
*100'/4
10%
No
1st preferred.^
—
No par
Woolen
—.-—No par
,
39
9 Va
*7%
73 %
/,
79%
Va
*100'A
9%
80'/a
%
Elec
Anaconda Copper Mining—-—50
An'aconda W & Cable
No par
55%
32%
53'A
31%
*101
8
100%
34'%
9
80
73
*32 VA
7%
100
9 Va
78%
*71%
*101
8102
9 Va •>
&
V J45 prior conv preferred—25
110
55
preferred
Wks
129%
.
6%
32
115%
———14
——100
Corp
300
550
2%
•
*109'4
4%
*8%
*100'A
2
29
2
14Va
35%
.
May
132% May
1
mar
26
144
54 %
55%
2
43% Jan
——25
41,800
13
2%
55%
33%
8 VA
i 6,300
n
27%
tQ
40
9%
9 Va
14
21% Jan 14
Inc—_/.-_^._10
Preferred ——
70
33'/a
1
6'
Viscose
Water
$6
3,800
*8%
101
2
aan
Apr
Mar
Feb
Apr
26'A Mar
101
Mar
6
9
.42% Jan
American
: 2.300
j
32%
;■
67%
i
33%
.
3.300
19%
V 9%
8
44
151
26V2
13%
15 'A
Jan J5
127'A
—25
;
preferred -———100
BVt
Am
100
:
113 '/8
4%
*55
!
29%
27%
2%
*39
*
100
;
19 Va
56%
56%.
t6%
75,000
113 Va
3.3
*2%
40
/
20
*8%
101
97.
—100*
Tobacco
American
54%
29
33 Vo
;>/; 9
Telep & Teleg Co__
10,700
113
113
;
:
*51%
28 %
*19%
20%
114
*39 %
111%
4%
57 Va
19%
*113
13
.
2%
*391/4
4%
28%
20 Va
113
600
6%
5%
•
52%
*55
57
6VB
29%
56 Va
par
—100
a—
-
•Amer Type Foundries
75
67
67%
52%
4%
17'/2 Jan
Common class B_
!
53
56
.....100
—No
Sugar Refining
American'
7,300
|
6%
6%
29%
2Va
*110
Amer
2,000
<
117%
*70'A
7
53
.
par
par
; 9.100
5%'
75
,
,29 V2
39V4
4%
*70
70%
54%
13
13
56%
6
,
29%
20'«
No
37%
*117
54%
29
2
—
Feb
24
35 Va May
1
155% Mar 15
2
Am Sumatra Tobacco.——No par
800
'
144% Feb
35% Jan
Foundries.^
Preferred
-
7
1
145
Peo
19^8 Jan
U,% jvi&r
12
Jan
9 VA
37'8
5%
5%
29%
*2%
112
6'A
5%
29%
115
•
11,100
137%
9
117
6%
39%
-
117
5%
55
19%
..
117
5
6%
28%
American
900
I
,
53
53%
*116%
*112%
26
143
3/.
513
52%
*116'A
5 Va
68;/
i
100 V2
51
37%
68
2%
57
136 V2
12
American Stove
7,500
100
—
6%
32% Mar 23
47% Apr
5
.
100
—
American Stores
; 1,200
Steel
5
Jan
37'A Jan
Co./.——-.No
12,100
'3.300
Amer
27
——25
preferred..
13%
26
142%
53%
37%
6%
61#
.
12% Jan
par
No par
No par
'
53
38
14
.4%
55
37%
19'A
56 V4
54%
38%
47/8
■American Snuff
26%
26
,
52 A/.'
i
37%
28%
*110%
26 Va
142%
51 %
0%
6 Va
40
142%
138'A
29'A
2%
*25%
52%
9%
*68
114
*13 Va
25%
142%
52
"•
630
500
15'A
,
-No
Co—
Ship -Building Co
Smelting & Refg—
tPreferred
*
14% Mar 25
15% Mar 30
'
9%
*53%
*39%
100%
,137%
6%
112 Va
*99% 100%
9%
29 %
*19
25%
137 VA
68
VB
25%
9'/a
54%
6
25%
25%
13 'A
.
'•15/ *
137 Va
6%
29 Va
15
9%
68%
*52
13%
9%
•
68
26%
14%
*116% 117
418
6%
25
142'A
54
J
;
44
18.50
Amer
151
13 'A
26
i4,000
150%
*43%
*149»/2
39
9%
38%
4%
*67
//
54
25
150
44
151
26
,-/•
100% 101
142%
://;./54:Z>
136%,
9%
38 Va
116 %
25
142
-
53%
53%
136%
; 38%
*
25
142
53%
53
■/;•■••'-'9 vi':
'■*%
A
52
53
*
.
141%
52
*24%
141'A
25IV
141
150%
44
*149'%
14 Va
'
*24 '/a
xl50
151V4
•.
26
100VA 100'A
■
43
*149 VA
15
"
15
25%
101
150%
44 Va
151
13'A
13 %
<
151%
*43%
*145
26%
26 Va
26%
13%
14%
151V4
43
*145
42%
151
.
152 Va
152
152 Va
42 Va
*145
,
Razor.
$5
.
26 Va Feb
8
4
7
Mar 16
Jan
4
Jan 14
Jan
9
Jan 12
Jan
Jan
:
54%
23%
111%
11%
53Va
65Va
119
12VA
2% Jan^/21 ;V. 4%
28% Jna
5
40%
3l/*Jan
2
bva
7V2Jan
prior A-—.—No par
of Del
Jan
(The)
7
.
Mar
Mar
Mar
Mar
Mar
Feb
Mar
16 Va
15
31
29
31
6
6
15
27
Mar 26
Apr ; 2.7
Apr 2
Mar 12
'34
Jun
Jan
Mar
45 Va
Jan
Apr
23Va
Jan
99% July
109'A
33
14%
Feb
'
6%
Sep
7
Jan
46%
Apr
51
Dec
Jan
43
May
70
111
May
116
7
1%
Jan
Apr
9 Va
Jan
Apr
3%
Dec
31
15%
Apr
2%
Jun
4 Va
Jun
14%
Dec
Jan
B
-
16 3
16%
17
4
17
16%
IVa
7%
7%
7%
7%
11 Va
11%
■'//. 11%
12 'A
12 Va
17 Va
16%
7%.
734
12%
12
17%
17%
8
17%
17
7%
8%
12%
12%
13%
12%'
ll'A
10%
10 3,8
10%
11%
11%
11%
ll'A
11%
11
11%
*48%
49%
49%
50
49%
50
49%
50
49%
49%
16%
16%
17%
16%
18%
16%
17%
17
8
17 Va
16 VA'
7%
34%
:•"/•
7%
34%
16 Va
34'/a
19%
*27%
34%
*7%
,
35
8
A,
35
17%
17'/a
17%
17%
20%
19%
20
28'A
27
27
*99
27%
♦
103
104
26%
28 V4
108
V/
107
*26%
*99
28%
28%
108 Vb
27%
103
26%
*27%
'107
0
27.
TOO
■
m 35
17%
20
*107
26%
*100
34%
34 V*
7%
20,;
26'
25%
28%
107
*26
7%
19 Va
;
25 Va
*25%
107
8
17
167'a
19%
7%
;
17%
8%
,,
.%•
3434
17 Va
/•'A; 1.9 V2
19%
26%
26%
28%
28 Va-
26 3 a
*107
V
27%
*27
28%
103
*100%
103 V8
11%
ll'A
11%
11%
11%
11%
11%
11%
19%
19%
19%
19i%
19%
19
19%
18%
19%
39
39'A
39'A
39 Va
39%
39%;
39%
39%
39 VA
15
:
/
15
14%
15
14%
56
*54%
*54%
56
*54%
297a
.30%
11%
11%
14%
*54%
15
31
31
•
11% '
11%
11%
11%
11%
66
66V4
115
114%
see
67 Va
page
1247.
66 Va
67%
114%
115
115%
67%
116
2,500
1.-610
*
17 'A
193A
-17,500
9,000
,
26 V8
28 Va
*107
1,100
800
-
/.
-
108'A
*27
/
*100
10
28
103
.
ll'A
•V
;
11 'A
17%
100
•
18%
39
39%
1,400
14,400
Bangor. &
'
-
14%
15
54%
54%
'
30%
30
31
11 %
11%
ll'A
11%
6734
'
1J.6VA
68
116%
67%
-
*115
'
.
%,•/;
68'a
116
•
•
■
Barker
,
■
■
/
-
Oil
Bayuk
Cigars
Beatrice
t$5
—No
Bell
Pr
Best
8,200
Best
w -w„
-..No par
RR-_-A50
20
No par
Aircraft-Corp—Aviation——
Indus
.1
-
-
—
5
Loan—L— No
par
-pfd $2.5-0 div series '2S.No
par
Co
.
-
Foods—
Bethlehem
w...-7 4fc
par
^^.25
Beech-Nut Packing Co—
Belding-Hemingway—
Beneficial
2.600
Corp—1
Inc.t
u
par
—•
SteeL (Del)
preferred
No
—wx_
No par
100
Jun
4'A
Jan
4%
Jun
7VA
Jan
11% Mar 30
4
Apr
6'A
Jan
25
22
Jan
5'A Jan
2
34'A Jan
A
6
-
50
v.
Mar
I
•18'A Mar 30
8'A Apr
I
35% Mar 23
AA A
36
6'A Mar
4'A
Dec
Apr
6%
Nov
33 'A
Dec
12%
Dec
2
17% Mar 29
13VA Jan
7
23% Jan
7
24% Jan 16
>107
Jan 26
20% Mar 22
12'A
26% Mar 31
28'A Mar 29
114
Mar
16
15'A
20
103
Jun
Apr
Apr
Jun
93
9'A
12 • •
34'A
12
4
2
102% Mar
8
64
Apr
Jan
Jan
Jan
4
39% Mar 30
135a Mar 17
54% Feb 23
22% Jan
7
31'% Apr
2
12 Va Mar
25'
7
Nov
Oct
Oct
23 Va
4
26
Feb
9
557o Jan
110% Jan
X23%
30
28% Feb
5
18'/a Jan
105
25
8V2Jan
,
Mar
25% Jan
Jan
Dec
13%
24% Aug
8% Jan
12'A Jan
.5
preferred
+Beech -Creek
Bendix
14,200
-50
Creamery———
2%
2
Feb
9
5% Jan 13
30
Jan
4
par
Co
Bath Iron works
2
13% Apr
Jan
12
.—10
preferred—
Barnsdall
2.000
/.
—50
preferred—.100 •;
.—.No
Jan
8% Apr
2
10% Jan
100
—100
Brothers—
5%%
9%
2
2
17% Apr;
3% Jan
6-
—13
t c
Asphalt Corpa.A—
9,100
100
v
Aroostook^.—
5%
Conv
Barber
4,500
,
/a;
1-5
55VA
30'A
67%
116%
14%
*54%
31
11%
8%A'V-
17
6,200
17.900
Works
>4% 'preferred.—.
"
55%
31
65%
footnotes
•
56
31
114%
For
15
30
.
Z540
.
35
A
39%
.
37,800
50
23 Va
ll'A
19%
*11
-
11% A
*25%
108 V2
:
17 VA
19
•
.
28 VA
108%
.
49% 1
17
'8Va
35
8%
13%
110%
Jan
11% Mar 31
6% May
9'A
Dec
20 Va Mar 16
9% May
28% May
17%
Nov
39%
Jan
25
9% May
15%
Nov
55% Mar 25
46 VA Mar
54
17%
Apr
24%
Jan
8Ve
Dec
8%
Dec
66Va
Jan
16% Feb
68 Va Apr
117
Feb
2
24
49 Va May
105
July
121 7
Sep
Jan
/
Volume
157
ftstnrdsy
Number 4165
;
.
■'THE COMMERCIAL & FINANCIAL CHRONICLE
;
I
NEW YORK STOCK RECORD
,
Mar. 29
Mar. 27
t per share
,;34
34
19'A
v
8%
*
Tuesday*
ii
Mar. 3d
t per share
34
;•
•
*18%
P
8%
34%
34%:
18%
18%
94
v
.95
21%
50
*93
95
!
.
*93
•
12%
12%
*12% >13
94
*88
*86
21%
20%
50%
49%
.
Lv
i'17%
94
20%
48%
*93
•8%
*16%
12%
>86
20 Vs
j'
8%
11%
11% '
"86
21
51%
•
*46%
'•••46%.
46%
;
*46%
46%
21%
21%
U 21%
21%
22
22 Va
46%
46%
46 %
-
94
51%
52 %V
•46 %
:
25%
26
31%
26% ?'•;
32%
25%
25%
26
25%
26
32 Va
32%
33%
32%
33%
•
4%
4%
4%
4%
4%
: 5
.v::s5% P 6
31 Va
31%
31%
31%
.;
P
•
32
32
-26
i :
>
33
»
33%
-32%
-
80
>
1,400
Ami Co
Co
No par
preferred
—100
L—5
A—5
Apr
6
14%
Apr
19%
Sep
7%
Jan
Jun
14%
Jan
Apr
12
'July
13% May
75
Dec
21% Mar 30
21 Va
Jan
£2%'Mar 31
25
May
'Mar 20
72
May
95%
Feb
8
4;
19% Mar
2
5
8% Apr
Jan-
6% Jan
13% Jan
•
"29
18%
27% Jan
s'.
5
-.
5
1
17% Feb 25
9VaJan 26
76
Jan
9
% 14% Jan >2'
41% Jan 13 '•
«
97 '• Feb
8
58
9
«
■
11%
12% Mar 31
<•'.'
Stores
Borden
Borg-Warner
<•■•'
Co
2
17
Jan-
8
v___l
95,
Dec
Jan
Jan
43
Dec
46% Mar 16
i
22% Jan
26% Jan
-2% Jan
28'A.Jan
-40%
Jan
17 %
Jan
26% Mar 31
18% Mar
22%
Dec
33% Mar 29
13
i
Apr
13% May
19%
Jan
28%
1%
Jun
3%
Oct
Mar
31%
Nov
May
20 %
Sep
Nov
•
2'
15
30%
22% Mar 23
w-r—5
RR——_L_—_l100
16
(The)—
Corp
Roller
Bower
3,200-
'38% Jam
J
Boston & Maine
12,500 ;
91% Jan
Inc
6,900
.
12
par
r---"-—No par
B
Class
-
Bond
i
class A———No
8,500
^
<
33
•
Brothers—
&
par
;
Aluminum &
Bohn
Bon
%'?
22
25%
No
—
Airplane Co—
BrassJ
Boeing
: /4,000 «;
46%'
32%
Bloomingdale
v
38,100 t
•p
i
Bliss & LaughlSn Inc
P
22%
:
•
Co
Highest
•
I per share
t per share
29"
Mar
35
16
-No pur
Decker Mfg Co--—No par
&
Lowest
1
I per share
$ per share'
Par
■
Highest
-'
1943
Year
Since January I
lowest '
'
\i'{
'
'*9395
v
Black
Blumentlial
i"
V
■.>:■
.
Blaw-Knox
1
•
20%'
P.PPp..
140
-
Range
,
P'-ppl,
V";. ;
■
Previous
Range for
STOCK
Blgelow-Sanf Carp Inc—.
300
'
22%
22%
•;
19,500
12%
>
;>P;P;
1,400-
-v.:
YORK
V EXCHANGE
1,300.
•
20%-
95 >'V'
*93
17
> 12%
*88
*
•
8%
*16%
51%7f 52% P
95
-
v,'
-fp
NEW
tor
Shares
i8%
8%
20%
•
:
18
94
20%
52%
34
17 V.;
*16% '
r-
*33%
8%
17'/a
17%.
share
19. :•
-
the Week
$ per
~C$- 34%P-
8%
8%
Sales
Apr. 2
:
share
19.
18 %
17
pu%
S per
34
34%
8%
8%
Friday
.«
Apr. 1
# per share
snare
per
STOCKS
Mar. 31
18%
i 8%
18%
17
\
Thursday
-
Wednesday
,
35
Vv
35
"•18%
I
SALE PRICES
HIGH
LOW AND
Monday
1239
•
Bearing Co
__5
9-
6'
1
Apr
2
,25
33% Apr i l
Dec
'
*22%
11%
23%
27%
■
23%
*23
*23"
"'24% p'
-1.1%-1,2% *<•
23%
23%
23%
11%
11%
.12'A
12
12%
.11%
12%
27%
27%.
27%
27
27%
27
27%
*
27%
27%
-
24%
-
11%; 12
26%
v
200
11,000
•
27
•
•
'
*
Jan
7
No- par 19
Jan
par
20% Jan
4
Brewing Corp.-of Amerioa
^...15
Bridgeport Brass'
Briggs Manufacturing.
7,700
20
12% Mar 29
Jun
9%
15%
Jan
21%
Nov
43% Feb
25
26
Jan
35%
Nov
44% Mar 30
.
7%
27% Mar 29
4
No
Xl5 T
23% Mar 30
•
30
'
41%
44
*43%'
43%
.
•
"
•
*
%
If,
1
1
k
'42
*40%
.
P 44%
43%
42
42
42
:
44%
*43%
13
12%
12%
12%
36%
*36%
38
*37
17
17 •:•:• '
17%
18
P 17%
12%
13%
13%
9%
9%
8%
•mo a 113%
*110%
113%
5%
*110%
17%
P
9 Va.
*110%
113%
*110%
114
"
'
5%
97%
5%
..
5%
101
97%
5%
6%
102
100
-
*101
:
6%
-
5%
102
9,100
8%
114
:'''•
V 5%P. 6
•
7%
650
■
7
No
■
27
14
2
104% Jan
12
—No par
3
Jan
76% Jan
2
Mar
114
107
2'A
Mar 11
Apr
9%
9%
9%
9%
9%
10'A
•%
l(/%
.
10%
17%
17%
17%
1.7%
18
18
18%
22%
23
23
23 V4
22%
23
22%
22%
29%
29 Va
29%
29%
29%
30
3 l'A
3l'A
23%
23%
24%
25%
*17%
23%
23%
23%
24%
56
55%
55%
56
58'A
58%
55%
55%
55%-
55%
56
57
58%
12
12
11%
12 VB
12
12'A
12%
:
fe
.
10%
18
s.
23
%.
:•"
is
10'A
>-
10%
18%
31%
25%
26%
61 %
63
61%
61%"
12%
12%
32 %
1,900
Euffalo
Forge
Bollard
27
25%:
:
603,4
„
r61
64
16138
61'/a1
12% K'i
4% '•'
12V4
'>>.'12 %•
•
'
4%
■>
4%
M
*5j>%
53
^iVa
--
■
"
4%
4%
4%
.53
i
33
32 Va
32%
4%
4%
53
*50%
•
,.53
53
32 34
32%
'•; 4%
323'e
"5
4'/2'
: -■•
5 A i/0
32%
%
8Va
56
V
VV'
4%
56
33%
32 %:
■>
"
•
56'
V
8«A
;•:
56
15.400
P
Bush
,y
preferred
Term Bldg 7%
Oct
Sep
141% Jan
5
18'% Mar 31
11'A
Sep
par
19% Jan
24% Jan
20% Jan
26% Apr i2
16 % May :v
25
Oct
33% Apr
19 Va
26%
Nov
20%
Dec
57
Dec
55%
Dec
J_1
s
27
.
1 Apr j 2
14% May
Apr
1
53
1
61
1
6»A
2%
2% Jan
Jan
56
Apr
Apr
Nov
:
40
1
•
9%
•
3%
44
Sep
Jan<
21VaJan
6
6
v
Jan
5% Jan
2
8% Mar 29
43A
Sep
20% Jan
2
25% Mar 16
19?s
Feb
2% Jan
9Vb Jan
2
5
; 41
-100
preferred__100
...
Jan
5% Mar 13
•
15% Mar
May
12% Apr
9% Jan
No par
:—1
2
61% Apr
63
54 u Mar
53'A Max-
;—_
— —
Bush
1,040
-
Dec
7%
5%
-No par
z
pfd $2.50 series—-
Terminal.—.-,—'
6%
140'
Dec
1
No. por
Burroughs Add Mach_,
9,700
:
:■■■<•
33% VP;
33%
•
Conv
8,600
3%
85%
•'■
i.■.
10% Apr
No
Conv pref $2.75 ser,_
10,600
.
Jan
4
v
•60')?%-
Jan
112%
6% Jan
Burlington Mills Corp_i._i-J
72,000
'
*55%
Co
Watch^
Bulova
1.600 1
8%
par
No
Co
33% '
;
j
_
13,000 :
26 3,4
Oct
;
r—1
Wheel
1
32'A '
•
Budd
29,700
18%
26%
;
25'A
10% V"
Jan
14%
Jun
1".
:
Nov
35
.
Dec
47 Va
6% Mar 12
1.
8
10%
•<*
Xl03rA Mar
25
Jan
1% Jan
v
Apr
6
9% Mar 26
Jan
■%
Apr
28% July
9% Apr
16
43
Apr
:
7
Mar 29
7"
\
1
2
1
Feb
18
V; " 6% Jan
;_„-_100
Apr
38."
2
I.
Apr
V
2
.
81
—100
Mfg-—,
preferred...—
.'j|[ Mar
1% Mar. 1
:
5
(E G)
•
1
Jan
9% Jan
29% Jan.
13
Jan
par
Co—
pveferred—
Budd
22,100
102%:
IOI
,
Bucyru«.-Erie
10
•
No par
-No par
;
13'
' ft Jan
No par
Bruns-Balke-Collender_^____No- par
13.400
114
L—
Brown Shoe Co___
3,400-
9
Co
Brooklyn Union Gas„_
•
3001
33
Jan 16
37% Jan :••:. 7
-No par
Brooklyn & Queens Tr___
Bklyn-Manh Transits
1
6*600
{
Hiv*1
16%
•
102%
Bristol-Myers
500-
1 Va
.
xl.3\
14
38 fp 38
V"?
6
102%
1,000
•
:
i
Briggs & Stratton
.
»,*.
38-;":v
17%
17% •;
9 - ;";9%
f
'i:
V' A-V- « ;<>.%•••: O
*.''«•%■. Uf >
•
.
13%
:
•>37% "
9
113%
13%
38
17%
P'9'A
5%
43%
I
v
13%
*37
38
9%
96%
-43%
■
%
600
41%
43%
*40%
.1
17%
9%
44%
%
hi
P >
44 >,7
42
•
l5/a
36%
•/.
*40%
'
•%
1%
%
1
.42
i
*40
l
Oct
Feb
Nov
'
i 33% Apr
18
1
24%
Oct
6%
Feb
"
:
7%
7%
..
24: .•: ;•
24
Mm
*23%
-
4V4
v
20%
26%
14
•.
80
19%
'
27%
1%
1%
80
26%
v'l %
1%
;
•
24
2V:f:
8
4 V«
-S-
>;
79 -
21%
21'A
21%
28%
29.%
55Va" ••'•■
:•
56%
1 Va
1%
28%
-55'A
•;: 1%
•.'-.iVa
.
24 V2
.
1%
>
7%
7%
8'A
7%
8Va
18%
18%
18%
18%
18%
18%
18%
18%
18%
18%
18%
19%
18%
18%
18%
18%
18»%
36
36
38
19 y« *
37
36
*34
V-
*35
8% f:: 8%
40%
37
8%
36
8%
8%
41%
*41 »A
41 '/a
*91%
92
91%
29%
29%
29%
4%
101%
103%
47%
*107
87'A
88
18%
'
-
106%
6%
16'A
*5%
*98%
34
'99%
"
9%
45%
109
108%
109%
;•:
13%
13%
13%
13%
13%
88%
88%
*88
88%
88 V 38%
'
*88
88%
240
19%
19
19
19
19%
19
19 V8
9,700
3'%
7,700
Central
*106
106 V?
16%
16%
*5%
6
102%
109'/a
*108%
109'/2
6 'A
3%
106
*6
V
•
0%
*5%
38%
38%
59%
60'4
59
19%
19
19'/4
6%'
62
61
63%
19
19
*18%
19%
*103%
103 Va
19'/a
?
6 >
•■:;.
..
T *102%
'
103
14%
15
15%
15%
16••:-/•>
16%
42%
42%
42
42%
41%
*99%
42%";
100%
IOOV4
*99%
*99%
5V&
6%
6%
6%
7%
14%
13%
14%
14%
14%
5%
5%
5%
5%
5%
5%
15%
16%
15%
16%
15Va
16%
9.%
9%
10%
10%
11V4-
11
20
19%
20%
21 %
39%
393i
40%
20%
40%
*50%
51%
51%
52
7V»
-5%
Certain-teed
4,850'
.
: •',
2
Jan
v
100Va
,
—
8
17% Jan
12
10
15
2
*9
22
8
26
•
1V*
6-% Mar 24
19% Apr
Jan
5
20% Apr:
8
105 Va Mar
1
8% Jan
13
19V2 Apr
2
18
•
1
42% Mar 30
L-25
33,% Jan
2
r100
95 Va Jan
5
2% Jan
2
8% Apr
2
7
15'A Apr
1
1.50
2Vs Jan
6
V 2
—50
.-5
10% Jan
4
6% Apr
16% Apr
Jan
4
11 y4 Mar 31
No. par
15% Jan.
6
21% Apr
>
.
• 9,400 •
preferred
5^
Chicago
Mall
—
Order
Co—
6
2
v
37 Va
Feb
'
„
4% NOV
38%
Dec
89
.
Jan
28% Nov
3% Nov
78
Dec
130
Dec
42 %
29%
97%
120%
97 %
8%
Dec
Dec
Dec
Jan
Dec
Dec
75% Deo
23% Jan
..
2 ,s
110
3%
18
3 .4
104
35
.
3
a
Nov
Jan
Oct
Jan
Nov
Deo
Oct
Nov
32% Dec
19
Jan
18% Oct
100'% Nov
Apr '
Apr "
Apr
,
9% Oct
36% Jan
98
Feb
2%
8%
2V4
13%
Apr
Jun
Jun
Jun
Jan
iVa
Dec
Aug
7% Nov
Apr
2%
1%
8%
Mar 16
Nov
33
Sep
Jun '
%
7% Jan
100
15%
Apr
15 Va
14%
93
5%
27Va.
89
2
9934 Jan
7%
16% Nov
23% Jan ;
.65'A Apr .1
*
ChlQ ds East Ilf RR Co__—No par
Class A
——
—40
;
23,400
22,400
:..
,
11%
Cab
32% Jan
30
Nov
1% Jan
.
Chicago Great West RR Co
26,500 '
6% \V""
16%
.100
Mfg——5
preferred
.
,
30
Apr
15
Apr
82
Apr
110
Apr
77
Apr
6Va Aug
68
Feb
16
Apr
1 k May
90
Mar
1% Jan
11 , Jun
2/4 Apr
82
July
27
Jan
29
30
9
24
31
1
Dec
53%
Jan
Preferred series A—
•
27,200:
:
6%-
107% Mar
9% Apr
17V* Mar
6% Mar
105%,Jan
39% Mar
22%
July
.w
117
3% Mar 12
2
No par
Checker
Mar
Mar
Mar
Feb
Mar
Apr
' 88% Mar
20
Feb
Dec
2'A May
54% Apr
Mai' 31
48
34%
103.%
123
109 %
14
Jan
17
22
»■
5
Mar 30
111'A Apr
1
139
Nov
95
Jan
16% Jan
50% Apr
>
%, Jun
5% Jun
11% Jan •
9% Apr
.27% Dec
3 % Jan
29% May
1% Jeb
32
Apr /•
77
Apr
201/8 Apr 2
38
Mar 31
9% Apr 1
41% Apr
1
9%. Apr
1
43
Mar 4
93% Apr • 2
2
10%
Dec
10
18% Mar 29
Feb
Apr
6% Mar
29% Apr
1
56, Mar 27
V 1% Mar' 1 ''
88s Mar .3 v
30
2 Va'
21% July
3% Jan
69 %
Chesapeake & Ohio Ry
—_
-
8% '
15%
10%
14
Jan
No par
^
50
4,500
—16
Jan
3
Cham Pap & Fib Co..
27,009
14%
98
x33
1
preierred--.—-100
6% prior
Mar 19
-100
—
;
1
21 % 'Mar 30
6
No par
Products
Chain Belt Co_
-1,100
42Va
K. ■ -5%
-
;
800
.
103
7%
-
,16%
' U%
-
20'/a
7,900
•>
*99%
6 I
.No par
-
de Pasco Copper
Cerro
17% V19%
15V4,!:
14%
'
-
Century Ribbon Mills
6,900 '
42 Va
/
lOOVa
7%
15%
9%
6%
14
,
19%;,
103
18
42%
1
Sugar Co,.
Preferred———
64'A
,.'^.^19%
13%
*99% 1O0 Va
62
: 19
20%
.
38%.; ;
a 6 vv-:■
par
Foundry
Central .Violeta
-400
.
No
Corp__
A.100
No par
Co_—
-1
Central 111 Lt 4%% preferred—100
tCent RR of New Jersey
_100
4,100'
6% r
—,
preferred
5%
100
38%
19
v 20
103%
*5%
65%
19
19%
16%
*98 'A
6%
7%
11,500
39%
63 :
•
9%
prior
prior preferred-
Celotex
30
:>£ 7 %
No pat
preferred-—100
100
2d preferred—i—
;
100
series
5%
7 %
12,800
.
106%
:
*
41%
;t
,
1S|0
.
16%
100
6
19%
103
390
370 •
3
*105'
6%
*98%
39
PPP 6
2%
17
100
6%
-
14
13%
16%
*98%
5%.
•'
7% "V
39
*18%
103
14
7%
100
6'A
'
122%
*lC8Va
Celanese Corp of Amer—
12,300
34'A.
102%
38%
6%
19%
106
33%
'
'.'122%
-
*98'A
39%
103
3%
106'/a
6
100
39
3%
34%
102%
122%
16%
%
7
8.
Mai:
Jan-
40% Jan 21
26% Jan
7'
95% Jan 26.
119,
Jan
4;
96Vs Feb
1
8% Jan 2
76% Jan' 2
16% Jan 12
1% Jan 2
97% Jan
4
3
Jan. 12
13,
Jan
2
3
Jan. 7
Central Aguirre Assoc
3
-
Jan
127% Jan
—No par
108%
^
22%
53'A
! %
6Va
15%
13%
3
;
Mar 25
81
9
4
Jan
7
Jan 13
29% Jan 23
V
6% Feb
9
36% Jan 21
■
4'% Jan
2
40
Jan 25
X85
Jan
7
2514 Jan 8
3Vs Jan
8
77'AJan 11
100
-
Caterpillar Tractor
4.200
.
122%
9%
.
45%
'
16%
*98'.A
—
—-
—
13%
34%
102
15T8
'.15%..
;
—
••■';/
17%
14%
.'
Co
34%
16%
65»
6%
I)
122
'
14
(J
Preferred
102%
7%
? 5% V 5 %
Case
190
.
.
33%
7%
100%
4.000
110
139
1
——100
121'/a
42
.
1-3
Co
102%
13%
41%
Steel
Carpenter
Carriers & General Corp
34%
7%
19%
109
139
•
140
300
600
2,600
;■
122
7%
103
4% fy.Sv.-
250
'
102'A
7%
19%
29 %,
122 ;
*106
59
93% v
107%
'
par
—1
V $3 preferred A———
.>.-.10
tCarolina Clinch & Ohio Ry—100
102 %
"
106%
•■;
——No
Capital Admin class A—
2.000
41% '
93 Va
45!/a -46%-:
3
,
Cannon
"—25
^
Jan
4% Mar
15% Apr
;
8
!
47-
7
6
*13
*•'
46%
Xl9
6
J
47%
Pacific Ry
Mills—
Canadian
600
v
9%'
4.0%
?
-V 111 %
*138
,
*29 %
1
29%
."5 Va & 5
108
-
♦106
39
103
:
3%
100
*19 m.
5
88%
16%
55%
-'
19%
6%
*18%
.ii
92%
47
tCanada Southern Ry Co^—-100
150
60,600
42
;-"9%
29%
139
3%
106 Va
5%
41%
92%
29%
87%
3%
.39
41%
92%
29%
110
V
9%
'
92%
5
37
9 %
*41%
29%
19
3%
,
92%
108
13'A
■'
-V
139
123
107
19
9%
111
33%
13 Vs
41%
9%
138
48
*122
107%
13
41%
42
108%
102 Va
'
*36
9%
5
9,100'
-
No par
—5
■
*29 V8
5
20 Va
'
-v
41%
9
*41%
138
32%
122
V. 9% V- 9%
19 'A
92%
102%
102'A
122
*36
-
•
-•
♦41 «/a
8%
42
Hecla Cons Cop—5
Campbell W & C Fdy___
Canada Dry Ginger Ale-
3,600
Jan
16
f5%
Calumet &
17,200
18%.
72
*
—No par
Packing—
No par
preferred—
t-Z—Z- '__50
Callahan Zinc-Lead-.
1——1
6,400'
8 VH
:_100
r
9%
142
•
47%
32% •33
*102%
41%
8%
8%'
8 '
=
'8%
108
103
*138
47%
•;
8%
*41%
4%
4%
142
'137
>:•
-
92
*29%
4%
:
8%
41 %
8%
41%
8
>
41:
40%
40%
8
8
,
•
California
.-.•'..
190
11/8 'TVs/
18%
8
!
—5
&
Byron Jackson Co.:
7,000
56%:
—30
Zinc—
Copper
Participating preferred-."
6,000
.
preferred-,-—
conv
Byers Co (A M)— -z---——No par
100;
,
7%
,18%
5%
Butte
•
10,300
"
28%
*55.
>
400
4,000
V
21%'
V 28 Va
'•
*
80
•'•-•:• 21%
•"
•
4%
i5%
,
pv
".80 rp
78%
27%
:
'4%
!—10
Butler Bros—1„
7,800
•
'V. :> v 15
15'%"
15 V8
79'A
*55
8V8"
-
*24-
-
21
27%
1%
-
79%
"
55 Va
V
f 4'A
15 V4
8%
23%
'4'A
14'A
•
21%
56%
'
23%
i>4
AV<
:
21
-7%
v
14%
*77%
21%
*55
24
4%
14%
80
'
•"•
*23%
26%
56
8V»
438
20%
%
8
14 Va
• :<
*77%
26%
54
.
4V8
14%
*78
8%
24
Dec
Nov
Jan
Sep
7V« Nov
•
'20%
19%
*39%
19%
4
,40
51%
*50%
•
"21%
*40%
40%
51%
21%',
40
51%
52
£ 21% I
:
'
40
,
"21
40% p 40%;
:
:
Chicago Pneumat Tool
$3 conv preferred—,
8,900
f
800
-
52"
*50
.
52%
.
.
tPr pf
220
"
%
%
12
%
1%
1%
IV4
1%
1%
1%
4" 1 Va
.;. *12 Ve
42%
;.v m
1%
16 ;,:
1
T
*
f •46%:
12%
•■••■■
n
..%
"
1%
17
1 VB
*12.%
P U
.
1%'
:P'i%
•
16%
;
! 1V8
J2%,
16%
>
1%
31%.
29%
29%"
76%
76'/b
14%
14
14%'
1%
-T3;% :
2
V:
1%
3,300
•
15%
2%
14%
.
6%
800
,
cum
par
Jan
37
8
48 % Jan
-100
& Jan
U Jan
33
47
52
2
.100
.100
40% Apr. * 2
:
6
5
div.—No par
Chickasha
8,300
Childs
p..
130
.
Pacific.;
—
Mar 20
*30
.
32
'
*30
Cotton
Jan
3V2 Mar
3
2
Mar
?0
2% Mar
1
13% Jan
4
1% Jan
2
—25
—6
24% Jan
30
67% Jan
7
10% Jan
2
17
•
75
75 Va.
76%
75%
13%
:
75%
13%
14
14
14
*101%
102
♦39%
43
»4 .,>•
37 Va
37%
130
*60
*120
,*112% 113
36% *36%
4%
*39
-
*103
4%
43B
38
37
*120
74%
112%
14
105
438
130
*60
f 112'/a
112%
*41
37%
37.'A
130
*120
74%
112%
36%
37%
*88
♦103
37%
37%
37%
„:89
..*51% •"54%
45 %
46
35%
89
:
•
*51%
104
89
1*89
90
*52
57
55'
37%-
r
.19% P
107%
23%
12%
12%
9%
;
18
38%
39
39
PP'
146
146
146
City Investing Co.
1,600
3,800
Clark
C.
37% P
90
:
■
•;
145
145
97%
*64
98%
64%
*740
19 %
19%
107%
107%
24
25
113
•
Va
.
17%
13.
13%
9%
10%
25
25%
*109
17%
114%
-
;
,
36%
*36
P
-
*145
25%
*109
V-
'
19%
19 %
•108%
25%
24%
*109
'
:
'
1.H-P ^
*740
108%
114%
;
65
P.".
,
147
Graph Bronze Co
5%
—
-
>7,100 ;
20
,
'1;
*740
17%
13%
9%
10%
10%
10%
10%
11
10
10
10%
18%
18%.
18%
18%
18%
19
18%
18%
18%
18%
18%
18%
18%
130
.
:'
—
19%
;
1
-
25'A
;
.
,
17%
13
:
'
"
14
P- -.11%
.11%
18%
*18%
.12%
80
4,600
19%
2,400
Jan
13
39
Mar 17
130
67
2
Feb
84
50
Jan
6
38 % Jan
2
No par
33% Jan
12
—50
No par
par
—No par
_•—No par
-
5%
conv
preferred
No par
.l
Colo Fuel & Iron Corp
Colorado Si Southern......
4.%
,
4%
1st preferred——,.4.
2d preferred
Colnmb Br'd Sya Inc cl Az
:.
/
Class B_
100
No par
.100
100
-.100
2.5Q
2.50
Jan
Mar
32
2Va
28
120
27'
4
Jan
18
68% Jan
22
67%
107%
113% Mar 16
22
37% Mar 29
105
'
Apr
2
16
'
Mar 30
145
Jan
4
62 % Jan
11
88
>
48% Mar 30
39
»
150
Jan
8
101
Feb
2
65% Mar '5
16% Jan
11
12
19% Apr
.
25% Mar 30
Jan
110% Mar 25
1
18
14 % Jan
_
14% Mar 15
3
V? Jan
3
Jan
*11% Mar 13
12% Apr
'2
15% Jan
6
19
-Apr
2
May
^
.
.
96
Dec
Mar
31% Dec
102
Dec
50
44
36%
149
92
Jan
Jan
Jan
Nov
470
;
Feb
Nov
63% Jan
(
"
17% Nov
107Va Dec
18% Oct
^8,. ^ec
May
% July
8% Apr
Aug
Apr
Jun
Nov
84Va Mar
Feb
13% May
% Apr
1
May
Mar 30
V4 Jan
2
112V4 Nov
11% Mar
97% Apr
10% May
1
108% Mar 31
17% Jan
108
Jun
77% May
47
May
32% Apr
470
103% Jan
09
34
3
39%
125
72
25% Apr
139
Jan
56% Mar
55% Jan
Mar 31
Jan
70% Dec
10% Aug
Oct
Mar ".
Jun
Dec
Apr
95% May
Mar 30
50% Feb
90
23
Feb
No par
Collins & Aikman
'
1,560
19
5
Coca-Cola Intern CorpNo,par
-2,860
'5,090
13
25
May
2% Jan
7
—No
Colgate-Palmolive-Peet
-1$4.25 preferred
3,900
f
92
Mar 26
22
^The)....-
tClass A
9
Mar 29
42
33
.100
Co
14% Apr -2
102
123
gtd—"-50
43%
4
28% Jan
stock—
May
10
101'A Jan
Preferred
4,800
110
4%
2V4 Feb
Dec
20
Feb
■
.100
;
Molybdenum—
Coca-Cola
.«„■
450
.-.11
gtd
Mar 30
par
par
13% Feb
11% Jun
f
;
Sep
l'A Sep
11% Nov
Va Mar
8% Jan
96% Jan
27
(The)_„r__l
Cluett Peabody «Si Co.—*.
,
12,300
108'A
-
17%
>.
11%
18%
10%
18% P
1,100
110
17%
13
•
107%
24%
;•
25%.
18
64%
"19%
110
13
';
Special
'76%
4
preferred
Climax
Mar *8
1%
Jan
Jan
109% Jan
$4.50 pfd„;—No
tClev & Pitts RR Co 7%
,•
6,200
-
Co
100
Clev
Ilium
30
100
No
Louis Ry.
preerred
'
'64
.
19%"'"
17%
.-98
Pp97%
108'A P
12%
18%
19%
108
'
64 Va
98..
13
10
1247.
64%
-
18
18%
page
147
*97%
*
17%
10
see
*145
"
97%":
64% '
12%
10
footnotes
97.%
*740
19%
*110
'
38
37'A
& St.
El
110
••;:
60-
C.
Clev
200
;
47%
./•:
47%
C.
1,000
,
.100
—5
130
-
-1Q0
Jt.
;
Equipment
5%
>
,
No par
».-•**
City Stores
•
97%
64%
18
For
City Ice & Fuel-..
6%% preferred
50
'
104
-.90;
.
*52
38
108'A
10
18
;•
•>/••-,
-60
38'4
19 %
9%
*9%
90
Va
:" *52
P47%. :.48% ■;
*107'/a
23%
17%
*89
"
48
f 97%
P
..
114
17%
60
Corp..—
30
2,600
V*
74%
111%
104
47%
*740
106%
*110
90
105
48%
*64
•
'19%
■"
*89
*52
*104 %
47%
*145
*
"
"
*740
105 >•••
P
;;
37Vb
;
36 Va
64%-'
64
,
;
►-* O
•
Co...——'-.
Copper
Chrysler
130
*60
ill'A
112'%,,:.
=»36'/2 -37^. P *36'%
47%
,
98%
*
105
P
46%
147
*97%
Va
37'A
*120
vV :
:
42
4%
Chile
*17.300
14% ;
105
P
4%
•>74%
'
"
•
36
*144%
105
14%
42
.
.
112%
-
104
76
*103
130
*60
:'
Vg
"41'%
4%
3T%
:
43b
•
104
P76'A -."• *•. ,'74%
*14%
'
30
p;p3(rp:
'
*103'A
'
;f-';
30
•'
75%
41%
37
*60
112%
105
41%
*120
74%
112%
105
30"
30
41 Va
4%
375'a
130
r
*60
74%
*102%
41%
41%
'4%
37 Va
*120
102
102
,>
-1
*4%-
.
*29%
Jan
% Sep
Jan .'
V*
14V« Apr
per
No
52
A
4
12
:~10
f
Oil
;
Co
17% Jan
39% Jan
Apr
3
■
v.
V
V
Aug
Mar
4
% Mar 16
11% Jan
9
! July
2% Mar
1
—No par
Chicago Yellow Cab—.
4,300
'
2 Va
&
preferred...
preferred
P
15%
2
1%
2,800
1%;:
14%
,
Chic Rock Isl
5.300
•
■
T'/s P I'/B.
'
v
f 16%
7l6»A
76%
2%
1 VB
12%
.
-
1%
1%
%
■«?.
138
'
1
12%
16%
16%
%
1%
1 %
1
12'/i
V 16 Va.
1%
T%
1 Va
12 Va
1%
($2.50)
12
'
*
1
No
■
1
18 4 Jan
t
4%
5%
5
16%
Sep
Sep
Sep
Dec
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
LOW
f
per
Thursday
Wednesday
Mar. 31
Friday
Sales
Apr. 2
Apr. 1
f per thara
$ per there
I per man
# per than
share
RECORD
PRICKS
HIGH BALE
Mar. 30
Mar, 29
Mar. 27
kND
Tuesday
Monday
Saturday
-
Monday, April 5, 1943
the Week
I
per
for
Sharet
thara
'
27%
2%
3
3
57
57.
57%
1,900
52
53%
54
53%
53%
53%
53%
740
907/b
90%
90%
90%
91
90%
90%
600
15%
16%
15%
16%
16
17
16%
16%
9,900
*36 %
37%
*36%
37 V*
36%
36
'35%
35%
#100% 107
106%
38%
35%
106%
39%
36%
35%
*97%
106%
110
110
109%
3
56%
53%
56% *
53
51
51
52
90%
90%
90%
15%
15%
15%
15%
*36%
37%
*36%
37%
56%
*51
*89
»
34%
34%;
*105%
V
34%
37%
37%
*110
36%
38%
37%
*110
112
13%
13%
13%
13%
35%
105%
*110
112
13
•90
35%
105%
106
2%.
27/e
56%
2%
3
56%
*55%
39%
110%
13%
■
13%
14%
-3
57
.
38%
2%
57/
.s
3%
•
♦36
67,500
:
37
35%
100
35%
*97%
106%
7,400
:
.
•
300
38%
37%
38%
109%
14%
109%
109%
350
14%
13%
14%
46,600
-
10,400
-
61,700
4,500
23%
4%
24
23%
;4%
24%
5%
-5%
:
20%
21
21
21%
17
17%
16%
17
*97%
100
98
98
98
100
100%
32%
33%
100%
32%
33%
13%
13%
13%
45%
45%
45%
5%
5%
5%
5%
35%
♦23%
31%
13%
45%
13%
45%
45%
5%.
35%
5%
36%
35%
36%
35
24%
24%
24%
*24
13%
14%
14%
14%
46%
46%
47%
48
43%
45
44%
44%
56%
179
56%
180
4%
14
*48
44%
X55%
56%
54 %
*177%
179%
*177%
4%
4%
4%
4%
1%
1%
18%
19%
102%
102%
102%
21%
21%
21%
1%
32
13%
;
1%
1% '
24%
14
48%
44%
55%
179
4%
1%
'
4%
*111%
39%
103
21%
4%
18 Va
19%
102%
102%
22
22
20
Davega Stores Corp
Conv 5% preferred-.
16%
17%
Davison
111%
112%
141/4
14%
*17%
16 %
15"%
19
112%^
Chemical Corp (The).
Dayton Pow & Lt 4 %f« pfd—
14%
14%
34%
35%
34%
33%
33%
32%
14%
14%
15%
15%
Deisel-Wcmmer-GIlbert
13%
14%
15
13%
5%
..
Records Inc
35%
Deere
&
34
.Preferred
Co
Delaware
Ni
—-
&
Hudson
5%
6
6%
Delaware Lack & Western
1%
1%
1%
tDenv St R a West 67#
"
1%
*
Decca
!
18%
18%
*41
18%
.
45
*40
pfd...
18%
Detroit
45
Detroit Hillsdale & S W RR Co.
Edison
25%
25%
Devoe St
31
31%
Diamond Match-
38%
38%
6%
Raynolds A_
Nc
N(
partlc preferred
Diamond T Motor Car Co
Distil
Corp-Seagr's Ltd
Nc
5% pref with warrants
Dixie-Vortex Co
Class A——
Nc
—N<
Doehler Die Casting Co___
Dome Mines Ltd
Douglas Aircraft-*..
139
139%
27
27%
26%
27%
7%
7%
71/4
7%
12
140
142
140%
143
*140%
26%
27
26%
142
26%
140%
12%
13%
13%
13%
*13%
122%
*115 %
122%
*115%
7%
7
7%
140%
25%
*7
12%
.
*7
26
-
•
7%
12%
12%
*115%
122%
*115%
*115%
122 %
145%
145%
144%
146
144%
145%
144%
145%
144
144
127V4
127V4
127
127
126%
126%
*126%
128
1*7%
127%
120
*119%
120%
*119%
120%
*119%
120 %
*119
120%
38%
*119%
38%
37
13%
122%
37 %
6%
6%
6%
6%
158%
161%
160%
161%
*180%
480%
__
39%
39%
13%
13%
35%
35%
13%
41
13%
3
Du P do Nem (E I) Si Co
$4.50 preferred
Nc
Duquesne Light 5% lit pfd—.
Eastern Airlines Inc
Eastern
6%
Kodak
Auto-Lite
Electric
3%
Elec &
3%
Electric Power &
47%
42%
39
39
29%
55
53%
115%
Bros Stores
Inc
(The)
Mus Ind Am
shares.
El
Indicott
Paso
5*
preferred
Equitable Offlci Bldg
see
page
|1247,
18
181% Mar 25
170
Mar
Jan
19
41% Mar 30
26;
May
8
14% Mar 31
11
Oct
30% Jan
4
37'A Mar 31
20%
Jan
2
14 '*# Mar 30
9%
Dec
3% Mar 24'
Apr
1% Jan
4
5
15
%
20
47% Mar 30
17%
Apr
20
43
15
Apr
2
29
Jan
23% Jan
Service
t$5 preferred
footnotes
Jan
35
7
19%
Apr
49% Jan
-
t$5% preferred—
t$6 preferred
For
178
33% Jan
Johnson Corp
Public
Jan
28% Jan
Natural Gas
Engineers
Apr
2%
31% Jan
Storage Battery
54%
16%
108
1% Jan
Light
$7 preferred
$6 preferred
29%
118
4
162% Mar 29
11% Feb
Boat
42%
29
Electric
13%
Elec
7% Mar
20
10% Jan
14%
37%
Edison
38% Mar 26
2
146% Jan
oum preferred
Manufacturing Co
Eaton
13
-^3% Jan
(N J)
46%
115
31% Jan
Rolling Mills
Eastman
3%
39
*53%
Duplan Corp———Nc
8% preferred
3%
41%
*28%
115
International
13%
3%
39
Nc
Mfg Co
14%
46%
41%
Nc
Dresser
Dunhill
36%
3 %
3%
46
Dow Chemical Co-—;—
__
41%
Nc
Nc
—JV<
5
55
Mar 23
39%
Apr
11
115
Mar 25
107%
Feb
109% Jan
4
Feb
Mar 29
40% Feb
24
29% Mar 31
ft Feb
Jan
Volume
THE COMMERCIAL
Number 4165
157
CHRONICLE
& FINANCIAL
NEW YORK STOCK
1241
RECORD
1
Mar. 31
Mar. 30
1^}',((
Apr.
Apr, 2
for
&EW
v
the Week
»
Range for Previoua
STOCKS
%
Sales
Friday
Thursday
Wednesday
Tuesday
Mar. 29
Mar. 27
PRICES
HIGH SALE
AND
LOW
Monday
Saturday
YORK STOCK
Year
Range Since January 1
.
Lowest
EXCHANGE
Highest
1942
Lowest
v!
Highest
'
I
t
share
per
per
S
share
ver
sharej
S
per
I
share
share
per
13%
13%
.V-;.# '•■
I per share
Shares
14%
13,600
JErle RR
Ctfs of
14 %
13%
13
13'A
13%
13%
13%
13%
13%
12%
12%
12%
13%
13
13%
13
13%
13%
14
13%
13%
97,200
49
48%'
48%
49'A
49%
48%
49%
3,500
48
48
•77»A
47%
'
♦74%
77 >
48%,
48%
*74%
t
77
61b
6'A
•6%
8%
8%
8%
28%
28
•1%
1%
1 Va
*74%
v;.',
9%
*75
77
*75
77
6%
77
lnt
Erie & Pitts RR Co
<
29 Va
*1%
29%
•28%
1%
1%
1%
1%
40%
1%
29
28%
28%
29
►
Eureka
9,600
Evans
29%
5,200
Ex-Cell-O
Corp
*i%
1%
1,700
Exchange
Buffet
41%
2,300
Fairbanks Morse 8t Co_
4l'A
41*
41%
•'
■'('
1 %
6,000
Fajardo Sug Co of Pr. Rico
3,900
Federal
■
Products
f
41%
24 Vs
24%
24%
24
24%
23%
11%
10%
11
10%
11
10%
11 :r
*10%
■
A
...
7
98
97%
97%
*96%
28%
28%
28%
28%
28'A
15%
15%
15%
15% r.
97
,
97
28%
15%
28%
40%
23%
23%
23%
a
10%
10%
11%
•
15%:;:;,
A
97
*95
27%
98
98
.
41%
23%
;
41 :., A
10%
24%
23%
96%>" 96%
•
.
5%
5Vs
•( 89%
19'A
90
20%
'
V
20%
!
.5%
5%
20%
90%
90 %
WA
W
-
20%
90 Va
91
91
.
15% v
15%-:;
15%
20%
5'A
5%
21
89%
20 Vs
90
A
5%
5%
5%.:
89%
19%
19%
7
5%
'
•
■
•
14%
14
14%
UL
14%
14 Vs
14%
14%
14 %
47%
48
48
47%-
48%
48
48%
48
32%
107
iP7
^33%
35
18%
103
:
30%
24
24
V
7%
7%
42%
10%
18%
*102'/a
105'/a
*102%
102
31
25
"■.'■A
24
7%
•
7%
41%
40%
-
10 Vs
10%
10%
10'A
45%..
46
18%
8%
17
*128
134
r-i
53
*49 Va
35%
36
35%
35%
35%
36
35%
36
21%
21%
21%
21%
21%
21%
22
22 Vs
*97%
98%
*97%
98 Va
3%
98%
98 %
98 %
*3%
35%
*21%
•40%
*46%
3,200
2 200
800
:
8,700
540
t5%
7%'
6,900
6%
35%
35%
3,500
21%
21'A
1,200
Fruehauf
*96
1%
98%
50
■
3%
1,500
3 Va
3%
3%
3%
3 Vs
3%
3%
3%
3'A
3'A
3 Vs
3'A
11,500
12%
12%
12%
12%
12%
12%
12%
12%
12%
12%
12%
24
3%
3%
25
25
24%
( 5%
5%
5%
25
25%
5%
5%
5%
5%
5%
3%
24%
25
24%
25
3%
3%
3%
3%
25
*8%
9%
*8%
9'A
*8%
9'A
*8%
9'A
8%
14%
14%
14%
*14%
14 Va
14%
14%
3.4'A
54%
54%
*53
54%
*8%
14%
*53
*53
9%
9%
103
♦103%
104
43
43%
*43%
'
8%
136%
8%
8%
*136%
138
9%
9%
♦102%
104
100
*13%
14
500
♦136%
6%
5%
6'A
6'A
15%
14%
14%
15'A
85%'
85 V3
85%
86
26%
26%
*26%
*139
140%
139
39
39%
39'/®
*
116 Ms
2%
49%
49%
129%
128%
25
25
3%
4
19
19%
7 Vs
7'A
*106
109
1%
l'A
1%
18%
18%
18
♦105
106
•105
102
>
142
84%
680
1,100
84%
.
a
.
r'
*141%
36%
37%
33,400
39%
39%
39
39%
3,700
116%
116%
*116%
2%
2%
2%
100%
*100%
*87'/a
117
.
2%,
100
100%
87%
88
*87%
•130%
"
*130%
131
*130%
50%
49%
50%
49%
50%
128%
128%
128%
128%
128%
19%
7'A
7%
108
7Ve
3,300
108%
1%
l'A
1%
l'A
l'A
*1%
18%
18'A
18%
18%
19'A
106
♦105
106
♦105
1%
1%
l'A
1 Vs
1 Vs
1 Vs
37%
*36%
37%
*36%
36%
36%
22%
23'A
22%
23
*105
106
1 %
.
22'A
2,900
1,300
Gen
$6
14
75%
840
21%
1,700
General
17%
1,400
Gen
20 Va
20%
20%
7 va
y 7%
7%
70
70
*69%
7%
7%
V8
8'A
70
71
71%
x71
44Va
20%
1
1
2%
8'A
2%
-
•
.
,
•
72 Va
71
20
20 va
20'A
45%
45%
*45 Vs
1
13
2%
2%
92
*88
*88
%'
:
1
•
u
2%
2%
92
72 Vs
72 Vs
91%
92
36%
36%
36%
37 va
36%
37%
37%
38'A
37%
38%
94
93 Va
94
93%
94
i
92
93
34%
3 5'A
35%
35%
35%
36%
35%
36%
35%
97
97
97
96%
97'A
96%
96%
96%
5%
*86%
87%
♦86%
1%
2
1%
5%
80
38 »A
20,100
94'A
36'A
19,900
97
5%
5%
5%
5%
5%
5'A
87%
*86%
87%
*86%
87%
*86%
2,100
5%
87%
87%
6
5%
6
1%
5%
1% y
2
5%
6
2.-
(
2,300
5%
•
5%
6,900
1,300
Grand Union
50,500
11%
11'A
11%
11'A
11%
11"va
11%
11'A
11%
4,600
Granite
32
32
32%
32%
33
33
33 va
33
33
33.
33'A
5,800,
Grant
*24%
24%
24%
*24%
17%
17%
*24 va
24%
17%
17%
28%
29
26
144
*57
63
39a;;
*57-;
*
101
17%
29%
30 va
24%
♦13
::
18
26
144
%1
25%
33,000
26
5,200
144
30
26
144
5,400
340
Gr
div
w
ctfs
par
No
Western
Great
4'A
par
8
No
par
7%
29%
_20
Iron Ore Prop
Great Northern
24'A
15
21%
par
preferred
No par
Sugar
No par
40
16%
*11%
12'A
v
'
15%
3%
.
3%
3%
*57
40%
:
v.;
40
40%
6,200
17 Vs
16%
17%
16%
17
19,900
12'A
12 Vs
12 Vs
*11%
12
100
15%
15
15'A
;
3 va
100
100
3%
3%
*100
102 ::
3'A
102
-
14%
3
98
Preferred
Green
63
4
15%
15%
15%
100
100
40%
144
va,
63
*11%
16 3
'
*57
40%
40
40%
16 %
12'A
143%
63
*57
63
*57
63
143%
100
Bay & West RR
Green
(H
L)
Co Inc
Greyhound Corp (The)
5%%
conv
8,300
Grumman Aircraft
3%
4,300
Guantanamo
190
8%
1
„No par
preferred
15'A
98
.100
10
1
Corp
Sugar
No
preferred
par
100
-
7'A
7%
36'A
36
7 va
■fy 36'A
2
4
2
4
2
5
Jan
2
1% Jan
8
76
Jan
2
24% Jan 12
83
Jan
4
25'A Jan
8
90% Jan, 9
4'A Jan 11
A 80
(Jan 11
10
Co
preferred
Nor
(
1
—5
No
City Steel
(W T)
5%
17%
31
No par
No
,
Jan
Jan
Jan
Jan
Jan
Jan
Jan
2
Jan
8
Jan
5
Jan
9
Feb
3
Jan 27
Jan
6
Jan
7
23% Jan
2
"
144
143
145
16%
*98 va
.
26'A
26
26%
26
26%
29%
30
29%
-
*24'A
17%
40
5%
3%
3%
24%
17%
11%
15 Va
15'A
15
*24'A
17%
16%
12 V8
100
29%
24%
17'A
39%
16%
11 '/a
*143
39%
16 Vs
*
26'A
26'A
*142%
,
28%
,
'
No par
—
11 Vs
*24%
No par
13%
5% J;
13 Va
(B F)
Hosiery
No par
Preferred
-i.———————100
11'A
32
*13
13%
♦13
1
100
Gotham
ii;;
"
,
Co
Goodyear Tire & Rubb
$5 conv preferred
5%
13%
50
—1
preferred
13%
*13
par
Graham-Paige Motors
Granby Consol M S & P
2
1%
5%
Goodrich
5%
13%
No
preferred
(Adolf)_i
12%
*13
—No par
(Tlie)
Gold & Stock Telegraph Co
1,900
4%
60%
5
59
14%
41
par
Goebel Brewing Co—
5%
2
Co
Gobel
*86%
1%
$6 preferred.
conv
5
No par
No par
No
5,200
5%
2
Rubber Co
2
16'A Jan
4
15% Jan
4
108
Jan
4
14% Jan 14
No par
100
&
2
Jan
2
Mar 9
Jan
4
Jan 28
Jan
5
Jan
2
Jan
60
20
Corp
Corp
3,200
96%
■
■
par
1
2%
35%
97 i>\
:__No
preferred
conv
4Vi%
37
36'A
97
100
Ca$(t $6 preferred_.No par
Tire
Glidden
93%
93
93 'A
$5
A Jan
12%
Xl04
%
31 %
15%
9%
par
1
No par
Glmbel Brothers
600
92
'
par
10c
No
1
2%
♦90
92
No
Safety Razor
4,700
47
;'*%'
-,v
2%
91
•
1
Equip Corp
Ink
Telephone
Gillette
400
20%
44%
•
par
preferred
General
700
24,900
72
20'A
44%
92
5%
9
20
92
*5% ■;
71%
8Vs
*70
73
2%
-
'
*91 %
28,400
45'/a
1
2%
7%
5,400
8%
20%
%
1
.'71%
*70
8
20 34
*70
8%
72
7%
No
Time Instru
6%
8
20'A
20%
8Vs
A
General Shoe Corp
Gen Steel
j
19%
•
45%
2%
20%
109
*44%
*70
73
*44%
7%
7%
7%
*107
8%
8
*17 "A
17%
109
20%
20%
8
20
20'A
44%
20
20%
8
73
■73
*70
20%
20%
21
20%
20%
*17'A
*107
Adv
Refractories
13%
18
113'A
par
No par
Motors Corp
General
75
20%
34
par
preferred
14
*107
•(
preferred
Realty St Utilities
pref opt div series.
75%
109
No
No
preferred
13%
20%
10
j—5
7%
37%
7%
:
7'A
7%
7%
37'A
37%
'
■
.
7%
8%
7%
37%
:
38%
38%
8'A
49,400
Gulf Mobile & Ohio RR
No par
138
Jan
59%
31%
14'A
11
10%
2%
81'A
3%
2
3
Jan 19
Jan
4
Jan
4
Jan
2
Jan
2
Jan 19
Jan 12
Mar-
'
3V/a
37%
39
8,700
Jan
Dec
■
Jan
12%
Nov
136
May
14%
18'A Nov
Sep
Feb
Jun
10'A
Oct
45
30
Apr
15'/a
Apr
18
Jan
85%
Apr
97
Nov
1%
Jan
Mar
15
25
May
Jan
38%
2% Sep
2%
1%
Jun
195
8
Sep
25'A Mar 31
16
May
Jan
11
21
15
2% July
6% Apr
8% Apr
5% Mar 29
12
42 i
Apr
5
3% Feb
9% Feb
24
14% Mar
4
53 Va Apr
2
51
6
98
44'A Mar
4
35
140
Feb
16
Jan
Oct
9%
Nov
10%
Feb
53
Dec
7% Nov
Apr
Mar
Jan
104
Sep
3%
8% Mar 29
Jan
3%
Feb
3%
9% Mar 30
104% Mar
106
46%
Feb
Jan
57/s
Nov
Dec
140
Apr
7% Mar 18
2% July
4%
Dec
6% Mar 30
2
Sep
3%
Oct
6%
Sep
9%
Jan
66% Nov
16% Apr
90%
Feb
21%
Nov
15% Mar 23
87'A Mar 25
Mar 25
27
Mr a
142
(5
preferred—,
No
par
17
(38 Va Mar 30
Mar
40
13% Jan 25
4% Jan
2
103% Jan
5
$6
75
*17'A
Jan
11%
27
20'A Apr
14
*107
3
1
Corp
Precision
75%
17'A
par
Inc
4
13 Vs Feb
7
2
13%
21%
No
(The)
2% Jan 11
1% Jan
2
9% Jan
6
19'A Jan 11
2
75
109
*
17'A Jan
2'A Jan
13%
17'A
1
:20
126% Feb
75
*21
par
Sep
38
Mar
par
13%
*107
No
100
12
36% Mar
9
37% Jan
par
74%
18%
Jan
Aug
114
22% Mar 31
No
14
21%
A
Industries
Outdoor
75'A
109
cl
(Robert)
2
Jan
96'A Jan
.100
Common
13%
17%
Feb
5Va
May
'
9'A
31
Mar
53
preferred—-i*—No
$5
74%
21
17
preferred
(The)
16
35 Va Mar 25
Co
preferred
Gen
200
21%
21%
27% Mar
8% Mar 29
8
Feb
50
100
10
5%
General
6%
9,600
5% Jan
par
t$6 conv preferred series A_No par
No par
74%
*107
..No
pfd__..100
Railway Signal
-
Dec
Apr
8%
19% Mar 31
5
16% Jan
25
Mar
131
Mar 11
127
...No par
General Mills
23
17%
1
1%
94%
83%
129
44%
t$4.50
13%
21
16
17% Apr
Gen Gas & Electric A
13%
' 109
47% Mar
7
13
22
4
30
14
12
7
74%
17%
3
Public Service
l'A
27'A
.
10'A Jan
Gen
36
Dec
Jan
Jan
18
Jan
Jan
Jan
Jan
Jan
Jan
Jan
23
21
24% Mar 12
v
Feb
16%
96%
Mar
8
.
39%
May
39'A Feb
Foods
General
106
1
Apr
19% Jan
10
Gen
36
86
4
5,300
22%
22%
22%
♦105
l'A
15
10% Mar
10,400
37
*36
36%
l
106
l'A
1%
I
9'A
Mar
4;
l'A
19
•
2
25
102
.>9% Jan
19 %
l'A
l'A
*18'A
Apr
36% Apr
(19% Feb
Nov
105
,
30
18%
29%
5
7
11
15
General Printing
7
*108
Apr
3
Gen
7'A
87%
28
8,900
108%
31
8% Mar 26
20%
7
Mar
34
108% Mar 30
42% Mar 29
3,300
*108
Dec
Dec
2
3%
7%
14%
43%
26%
1
-
Dec
7% Apr
32
—1
Feb
Jan
(87
29% Apr
13% Jan
Feb
5
19%
20'A
19%
20
300
Nov
4
15
6
15% Jan
Jan(
74%
Dec
4'A
18 % Jan
48% Mar 30
7% Jan 14
9% Jan 11
..50
52
Mar 19
Gen Amer Investors
No par
6% Jan
4
$6 preferred
No par
102
Jan 19
Gen Amer Transportation
5
37
Jan
4
General Baking
...5
5% Jan
4
$8 preferred.
No par
134
Mar
1
General Bronze Corp__———.*5
4% Jari 12
General Cable Corp
■.
No par
2% Jan
2
Class A
No par
;;;
7% Jan
4
t7% cum preferred
100
71% Jan
5
General Cigar Inc
No par
20'A Jan
5
7% preferred
100
130'A Jan
2
General Electric Co
—No par
30% Jan 2
900
25
108 Va
6%
♦108
108
131
Mar 30
Jan
Jan
13%
Jun
:
Jan
Jan
24%
:
Apr
3
3% Jan
*3%
3%
3%
3%
19%
20
19 %
,
•7 va
109
3%
3%
39,600
91
8
Jan
93
11% Apr
7
preferred
Gaylord Container Corp.
t5%% conv preferred
360
50%
8
i
30
25% Jan
5%
120
300
88
*24
25
♦24
25
24%
25
3%
4
102
-
131
*128%
*24%
25
131
21,700
2%
Mar
5% Mar 12
30% Jan
Co
Wood
Gar
21
97%
preferred
Gamcwell
60
117
49%
128%
128%
130 Va
49%
50
50
142
37% :''V-
130%
131%
2,300
36%
87%
87%
♦36%
22%
27
9,100
15 Va
.
.-26% >26%
•84%
26%
141
100%
102
*87%
6 Vs
14%
15
84'A
,
4,800
37%
2Vs
88
30
6%
6%
6%
6Vs
141
*116%
103%
26,700
137
*136%
.
3,800
39%
2%
>128%
7%
39%
116 Va
49%
19%
36%
2%
130%
•106
*139%
38'A
116 Vis
130%
3%
140 Va
2%
103%
-
6%
15
27
*139
137
6%
85
27
116%
*87
88
*24%
84%
27
2%
104
130%
85%
27
40
2%
88
85
•
8%
8%
6%
36%
,
8%
8%
15%
116%
117
104
6'/s
39%
37
43'A
136%
15'A
•
;
140 %
36 Vs
36
35%
42%
6%
V-
26%
*102%
44
8%
6%
6%
15'A
14%
iv
6%
6%
6%
5%
5'A
104
'
6%
(:
6%
9,100
104
43%
137
137
40
9%
9%
*102%
44.
8%
8%
138
53%
53%
9%
8%.
104
44
,
54%
*53
9%
*102%
43%
8%
8%
138
54%
9%
104
43%
435/a
*53
9%
28,000
9
8%
*14%
9%
5%
5%
5%
5%
610
4
2
100
Inc
Co
6%
18
.10
Trailer
conv
Galr
16% Mar 18
Feb
31% Jan
.
Sulphur Co
Gabriel Co
1.000
24
6%
Dec
Corp
Sugar Co
Freeport
22 Va
19%
28% Feb
par
prior preferred
35% :/,<■
27
7
13
..No par
,
preferred-
Francisco
Sep
preferred
Steel
conv
conv
69%
8
Machinery Corp
$7
17
par
Foster-Wheeler
•
8'A
No
—
F'k'n Simon & Co Inc 7%
12%
3%
Stove Co
Food Fair Stores Inc-__.
Food
29%
Jun
No
preferred..
Follansbee
Jun
6
14
par
Florsheim Shoe class A
810
53
*49%
+ $4.50
Florence
480
•
19%
7%
8%
53
100
'
(The)
37'A
19
2
Jan
'
1,500
.
Co
27% Apr
2
25% Jan
104% Jan
(A
6%
100
134
19 Vs
19 % i
.
17%
*128
♦
47
10
Flintkote
10%
16%
98%
*96
98%
A:
17%
7%
*49 Va
53
*49%
;
134
19%
8 Vs
*49'/a
53
*49%
*128
19%
8 Vs
8%
8 Vs
8%
16%
17
131
19
19%
19
19
53
16%
131
7%
:
Tire & Rubber
\
j
.
Mar 26
Jan
.42
2,500
V
:
.
Oct
l'A Nov
Jan
10
12% Jan 27
1
..
$2.50
.100
preferred series A_^.
First National StoreSiA—. .No par
'
10%
46%
•y, i6%
24
7 »A
10%
45%
17%
v
'.v..
40%
46
134
105 Va
Firestone
Corp_
5,500
>
-
32
41
10
A
36%
Enamel
>
42
78% Jan
-
100
Fidel Phen Fire Ins N Y___
500
il
Sep
Dec
28%
May
,25% Feb
3% Jan
15
Jan
■*,
par
preferred
conv
Ferro
11,000
v-'
*23%,
(y
..5
1.500
31%.
7%
7%
41%
7%,
42
41
*23%
L
Corp
t' ' v,
4
13
No par
No
t4'A%
20
•••
6
11% Apr
98% Feb
86
2
Dept Stores
^ i* ^
' 'r
i"
20% Jan
.No par
Federated
18% ';:T.
;*102%
32
46
8%
29% Mar 30
1% Mar 10
Jan
33% Feb
21% Jan
6% Jan
,_15
3,900
18%
;
105%
.31%
25
*23%
•
•
31
31
j\
10 Va
16%
19
7%
18% ^
Light & Traction
Federal Motor Truck—
;
33%
f
A
'
—20
Federal-Mogul
110%
36%
18%
^ />
No par
1,000
14%
48
36
36%
18%
;i(
f
v
^
—
300
x33%
36
46%
*129
134
13
% Jan 19
24
Dec
4'A
Apr
•; 7!A
Jan
4%
•
Jan
70
Dec
A;'l%
•
Oct
44
-
1-il AK
,1/
»
2,400
90
*103%
•
10
16%
16%
108
46%
■
(46%
*128
:
18%
7%
42%
*10%
M6
.108 :;
35%
*23%
?
7%
42%
7%
42%
9'A Mar.30
$2,50
Corp
3,500
)
14%
33%
33%
108
19%
31
30'/a
25
;
:
.108
36
102
30%
30%
34 -.'.A.
33%
v
35'/a
19
*101 Ve
103
33%
108%
18%
34%'
18%
*101
33%
108%
33%
109
f 107
.
.34
18%
*23
32%
^
A
20
90
48
;\ 32%
77
Mar 26
7% Apr
1
Oct
10
Jun
70
2
4
10'A
Jan
32%
,
I per share
Jun
3%
1
5% Jan
>
3
3,000
1
15%
,'t 1' ''r
,
5
$6 preferred—
Federal Min & Smelt Co
60
...
y 5%
5'/s
20
47%
14%
47
..
28%"'
28
28%
28%
'
16
7*15%
4%
1
1
3% Jan
./
.—5
Co
F
I
Cleaner—
Vacuum
14'AAnr
14
Apr
49% Apr
39% Jan 12
68% Jan 18
■
50
8,000
9%
■
«
h..
41
100
„
7Vs
•
Jan
8
par
—
t per share
9
9
•
9 Vs
"9
4t
40%
•
No
!
5% pref series A
>28%
9%
8% Jan
No par
9! 4
6%
7%
9 Va
.6%
6%
6%
9
9%
28
.
*
77
6%
<-,6%
benef
9 per share
Par
- ■
common—
f per share
118% Mar
29
8
120
21% Apr
30%
Oct
x23% Apr
40 Va
Jan
lll'A
61
Mar
15
90% Mar
5
132% Mar
6
50 'A Mar
30
30
Jan
8
122
26% Feb
16
130
4
Mar 27
2
7'A Mar 26
Feb
10
1% Mar
19% Apr
2
Jan
5
1% Feb
64 %
Apr
87
.
Jan
Dec
July
Jan
10% Mar
14% Nov
3%
3%
Jan
Sep
5% Jan,
99% Aug
109'/a May
i\
Jan
Va
Jan
Apr
14%
Nov
101
10 %
Apr
Va Mar
107 Va
Jun
%
Oct
Mar
31%
Nov
Apr
19%
Jan
23% Mar
4
14Va
Mar
26
8'A May
75% Apr
1
55 V* Jun
6
Oct
Feb
44%
30
23
18% Mar 29
•
128
1
22% Mar
Jan
131%
Apr
i
37% Mar
14
Jan
13% Aug
1% May
27
106
102
Apr
27
109
1%
Mar
122
•
116'/s July
Apr
% May
2% Mar 23
110
Nov
132
Apr
Feb
Jan
20
Jan
16%
13%
11
10
79%
Dec
13
101%
20% Mar 30
7%
Jan
15%
Dec
3
Jan
5 Vs
Nov
110
Mar
8% Mar 31
x72
Mar
31
Feb
110
x40% Mar
Nov
61
2
4
Apr
,73
Mar 29
50
May
(20%
Mar
4
12 Vs
Sep
16
Oct
Mar
2
37%
Jan
44
Feb
9
46
Apr
Va
1% Mar
Jun
1% July
2% Mar
5% Jan
65%; Jan
H
Jan
2%
Jan
Mar
73
Nov
82
Feb
38% Apr
13
Jan
27
Dec
94% Mar
56
Jan
83!
Dec
10%
93
98
Mar
6% Feb
27
60 Ve
Jan
90%
Dec
27
1%
Jan
4%
Nov
Jan
81%
Dec
l'/s
Nov
5%
Jan
187% Mar 25
X58
A Scp-
2% Mar 26
26
4
Sep
133A Mar 27
6
Mar
11% Mar 30
6
Apr
6
Mar
33'A Mar 31
24 % Feb
Dec
Jan
12
36% Mar 30
19
8%
Dec
9'A Nov
22 Vs May
32
Nov
23
25
Feb
July
18
Apr
1
13%
Dec
18%
Oct
31
Apr
1
19%
Jun
25%
Feb
27
Mar
3
22%
Apr
28%
Jan
Jan
143
144'A Apr
1
130
Apr
Jan
27
50
July
63 Va
Nov
40% Mar 31
25
$; Apr
33 Va
Jan
10% Apr
14%
65
17Va Mar 31
12'A Feb
16
15% Mar 30
3% Mar 19
102
10,
9 Vs
Dec
Mar
11%. Aug
May
14%
Jan
3%
Jan
1% May
86
Sep
Mar 31
48%
Jan
2
2Vs
Jun
4%
Oct
Jun
33%
Oct
8'A Apr
39
Apr
2
25% Jan
2
22% Feb
11
25
Mar
12
13!
37% Mar
3
5
15% Apr
1
18
H
*23%
26
*24%
25
*24%
25
'
24%
24%
-*24%
25%
25%
*37%
37%
*37%
37%
*37%
37%
*37%
37%
*37%
37%
37%
14%
14%
*13
105
*13
14
105
14%
For
*104%
footnotes
see
14%
14
13
105
page
14%
•104%
1247.,
14'A
13%
105
14%
14%
13%
13%
104%
104%
14%
*13
♦104%
15
14
105
100
-
15
*13
•104%
15%
A 4,700
14
900
_
-
105
10
'
40
Haekensack
1%
Hall
Water—
preferred class A._
Printing Co
—
Hamilton Watch Co.
6%
preferred
36
(
Jan
<12 'A Jan
19% May
25
29
Apr
35
Dec
8% Mar
13
Aug
9% Jan -18
14
Mar
24
8
30
105
Jan
30
95
105
Jan
.
Feb
Jun
11 %
Nov
Mar
106%
Feb
1242
THE COMMERCIAL & FINANCIAL CHRONICLE
LOW AND
Saturday
Monday
Mar. 27
1
« per thare
per thare
HIGH 8ALE
Tuesday
f
PRICE8
STOCKS
Wednesday
Mar. 2t(>
Mar. 29
Thursday
Mar. 31
<
per share
Friday
i
thare
per
t
Sale* for
Apr. 2
Apr. 1
share
per
Monday, April 5, 1943
(he Week
thare
per
NEW
Range for Frcrious
YORK STOCK
Range Since. January 1
EXCHANGE
r
Lowest
.
Shares
«
Par
.
,
♦104
105%
17%
*104
.
17%
*140
17%
144%
5%
*140
?.
5%
*96
:•
i
99
%
8
2%
66
%
66'A
16'«
79
*133
79
135
*57%
*17%
*17%
22
11%
22
32'A
*31%
11'A
15%
19
32%
-
11%
2%
73
71
*165
170
*131
134
*58%
59
*17%
38
38
38
12%
12'A
134
*58 %
19%
50 Va
507a
108
*107'A
'•
51
;
*18
34
12
15%
12 Va
16
7
107
107%
38
13'A
7%
7%
7%
38%
38%
38%
13'A
*49 Va
107'
7 Va
38
;
53
38'A
38 V*
'
39
*106'A
■
38%
•13
13%
13
13 'A
50
49
49
46%
106%
'
106'4
8
A
;
106'A
7%
39
38%
.
38 »A
51
7%
8
^
38
39'A
36%
38
38
;
38
:
106%
/V'V 7%
7%
41
106%
■
.
;
<
t5%
33.200
3.000
Jan
5
167
Mar
9
12% Jan
8
81 A Apr
5
100
Jan
5
108
10
134
6
2
9
r
125
'Mar 16
18'A Feb
5
11
14%
_5
7
Jan
6
13
Jan
2
16% Mar 29
2
2
6
5
par
36% Jan
12
par
9% Jan
5
13% Mar 31
2
51
44
.100
105
preferred—
Jan
13A
*6Vs
63a
2834
1%
28%
7%
•
6'/a
29
8
1%
12'A
41
6%
29
6'A
1%
.
28%
1%
*6'A
28%
28%
8%
1%
1%
6%
293a
8
■
1%
77h
1%
8
1%
1%
1.300
-■
6%
28 54
758
28%
7%
.
7%
8
1%
1%
1%
*6%
28 %
.
1%
'•. 1%
•'
:
15'A
Hudson
600
Jan
2
8
30% Jan
4
41
£:
1%
13
13%
13 Va
13%
13%
14%
13%
14%
26
27
26%
2 7'A
28
29
2 8'A
29%
42%
42%
42'A
42%
43
43'A
44 %
9%
9%
10;
10
10%
10'A
15%
10'A
Xl4%
15%
18 Va
J.5%
15
15
15%
15%
15%
44.100
•
30'A
11%
12'A
12%
12 %
12%
37'A
37%
12 %
38'/a
38%
38
38'A
38 Va
38
37
9 8'A
9 8'A
38'A
98'A
4
96
2'A
1
98
96%
9 7'A
96'A
96%
*160
165
*160 '.'
73 'A
73 »A
13%
13%
*7
30
K.
30'A
67
7 3'A
73%
73%
74
13%
13%
13%
7%
*7%
7%
30'A
7%
30%
115
83/4
8%
30%
8%'
115
9
8'A
68%
69%
:
68%
168"
1%
168%* 169
a
1%
13 V8
18'A
13 Va
18»A
64
64
4%
1%
13%
18'4
18%
17%
4%
34%
35%
35%
36%
*135%
135%
135%
135%
4%
11 "a
12
11%'
58%
58%
5%
12%
59
58%
5%
53
5%
54
'*41
52%
42%
6
'
43
*42%
32'/4
32 '4
.42%
32%
44
44
413
323s
f
43 »/4
4
*103%
111
*103'A
7%
7%
7%
7 3,4
12%
12%
*95 %
V 11%
18 l/a
57%
5%
5%
53%
53%
12%
84
24%
97
2.800
52 %
43
42%
43 %
600
,
Co___
9
9%
12%
27%
13 %
13%
*12'A
145
*141%
12%
12
85 'A
*131
134
*32
*141%
12
85
*131
25'A
25 'a
25'A
25
2,100
11%
98
•
13%
1.000
11%
Mining Corp:
85 %
84%
134
*131
25 "A
24%
85
>
1
30.100
153l
July
Apr
7% Mar
19
27
28
7
Jan'
6
Jan
2
20
161
20
70
2
56% Jan
par
162
9
Mar 29
1
.
Apr
61
169% Mar 31
147
May
166
9% Jan
11% Jan
19
55 % Jan
65
5
38
Mar 2o
1%
59% Mar 25
43%Mar"
Oct
Dec
15%
Jan
60%
Jail
4
6
Mar 29
l'A
Oct
3%
Nov
11
55
Mar 25
30%
Oct
46%
Jan
77*
Salt
No
par
40
Jan* 7
43 % Apr
2
39
Mar
48'A
Feb
No par
28
Jan
33% Mar
1
26
Feb
36
Jan
7
44% Mar 31
26
100
102
% Jan
15
105% Mar 24
94
May
May
May
32
^50
104%
Oct
6% Jan
7
Silver
preferred—
Intcrn'l
Telep & Teleg
Foreign share ctfs—a,
No par
—No par
Interstate
Dept Stores_.
Preferred
No
Island
preferred—
14
4
27'% Jan
.5
135
1
Co
1
Manville—
___No
Jan
9% Jan
—-No par
■
26
A%%vi)referrcd-AI_XA-A——100
Johns
7
10% Jan
<•
■■
9% Apr
9% Apr
7
90% Jan
1
100
Creek Coal—
(W B)
6% Jan
par
—
.4
:
9% Jan
par
No
_—
Feb
Jan
7%
Nov
1
7%
Nov
2
Jan
6%
Jun
Mar 31
88'A
Apr
13% Apr
1
32
Mar 30
7%
Apr
24%
Apr
98
143
Mar
6
127
12% Mar 25
12
Jan
Nov
10%
Nov
33'A
Jan
Jan
4
18% May
Apr
2
85
May
107%
50 'A
May
73'A
Jan
21
85% Mar 30
126
Jan
27
133% Mar 17
No par
64%
64 3
64%
64%
6 4'A
64
19'A Jan
7
64
79
64%
1,000
79
57*
79
79
pref series A__
100
79
54'% Jan
7
79
64% Mar 29
78
78
11%
11%
1,300
57*
12'A
12 %
pref series B
100
12%
64% Jan
8
79
12
12 'A
1
8'A Jan
4
12% Mar 31
10
xl2% Jan
19
16
B——Wo par
122% Feb
2
124
5'A Jan
2
122
25% Mar 30
64%
78%
10%
Co
138
29
78'A.
Mfg
Dec
Jau
101
70
Jan
32%
Apr
5%
Nov-
11
19
par
conv
10'A
95 •*:
.
96% Mar 30
-
Oct
l'A
12% Mar 29
5
39%
1
—100
-
Jones & Laughlih Steel—
Joy
Dec
Nov
3% Jan
6434
7,000
30%
136
•
Jan
Dec
4'A
Apr
Jan
7%
»A
57
Apr
24'/a
12% Mar 25
2
%
Apr
126%
10%
12 Va
Jan
Dec
Mar 15
77
11%
12%
12
1
36% Mar 30
136
July
3'A May
Mar 26
3% Jan
Dec
<
'A July
5% May
Mar 25
14% Apr
65
•
Jan
Jan
Apr
par
Jan
8
151'A
40
10%
4
10%
5% May
77
*63'A
Feb
37% Jan
Intertype Corp.
?
Feb
Jan
No par
V International
*<
6%
23'A
109% Mar
2% Mar 15
45% Jan
Feb
Jan
111%
18%, Oct
100% Aug
5'A Apr
Mar 30
Dec
74'A
12%
1
% Jan
-
163%
•
8% May
5% Apr
Mar 29
9 % Apr
f 9
Jan
54
30% Mar 30
115
144% Jan
par
Mar 31
preferred———___„100
57*
Preferred
25 »A
9
4
__1
—
Inter Rys of Cent Am.
Jewel Tea Co Inc.
.134
Jan
13% Mar
2
Jarvis
4,100
100
74
8% Jan
1,400
300
May
100
2.6uU
•
74
5
International" Paper Co——_J15
,5 7* conv preferred————__100
$6
101
2
166 % Feb
Oct
Dec
6
21
Feb
14'A
Jan
Jan
16%
-
Oct
Oct
35
Jan
6% Jan
21% Jan
4'A
Apr
62
106
Nov
Mar
Juil
10
par
9%
23'A
42
21
par
.
Jan
May
Aug
8
99% Feb
11
145
28
27'A
V 101
101
6
Mar 30
28 Va Jan
100
32%,
Jan
12
Mar
'
400
..
88
160
40
5%
1
13% Jan
19
131 % Feb
18,000
*13%
27%
*99
9%
12%
•*98
;
145
27%
27'A
100
85
97
9 '/a
12%
32
273a
134
?
97
32
100
85%
25
98
13%
32
*141%
12% '
v%
12%
98
*31%
9ti''8
12%
13%
-
27%
*131'
12
-
15% Mar
11 % Feb
32% Feb
100
550
152,100
Sep
6%
11% Jan
par
No par
,
9%
10'A
5 Va
Jan
'..5
Int Nickel of Canada—
'
145
96%
85
No
Chem
fPreferred
110
8%
2%
25
Marine—
&
International
*103
1
100
International Shoe_„
9%
10% Apr
A
preferred
Internat'l
<
—«No
class
2,600
8%
Jan
—rNo par
__
2.300
9
4
__1>
Harvester—
l'A Aug
V
Jan
20
No
44
%
32'A
__No par
32%
97
*141 %
No
Rubber
44
111
13
2
100:
32%
*103%
1
2
44% Apr
par
No
33%
110
14% Apr
29% Apr
Jan
10
No
Corp
Mercantile
Jan
Jan
Jan
18% Jan
No par
:
44%
*103%
%
2
1000
A_—_.
preferred-
47*
2.900
•
5%
52'A
Steel
44
13%
25%
58
5%'
4
37
100
33%
108%
24%
;
57 %
:
5%
100
No
44:%
32
134
*131
44.800
54
4
7% Mar
..
100
preftrred_
33 %
*103%
2% "Mar
4% Jan
100
series
44
13%
85'A
12'/«
ctfs
Internet Min
30
11%
See
33'
31%
12%
■■
Int
3,900
42.200
Co
4%„;
33%
13 %
27%
- A
:
4%
36 '/a
RR
lines
t Preferred
400
133%
Central
preferred series A
44
•
31%
100
Apr
43
12%
27%
1%
42%
%
*97%
Jan
42%
12%
12%
4%
58%
v
5%
52
ft
42%
12%
27
134
•
1% Mar 26
Int Hydro-Elec Sys
3,400
•
35%
12%
58'A
K*
Jan
Int. Business Machines
610
133%
36%
135
12
59
12%
145
v
■
8%
97
4%
35%
12%
8%
*141'/a
83%
4'A
*133
8%
'.
,
65
8%
100
24%
17%
65
8%
26:,4
131
18
64%
8
*97 'A
83
18
8%
31%''
168'A
64%
8%
*13%:
168
17%
7%
'"
145
12%
112
J
65
36%
Nov
I
Internat'l
48.800
8'A
97
31%
*141%
14%
12%
13%
31%
13%
7%
•
98
*13 V»
14%
135
5 %
Interiake Iron—
11,400
14%
54%
44
'
69%
14'A
-
Jan
Intercont'l
v
4.400
58%
5%:
53%
68'A
1.300
1%
35%
3%
6 %
30.900
:
1%
4%
Dec
8% Mar 26
Insuranshares Ctfs Inc
4.500
9 Va
161
1%
*133
12%
5%
53%
70
68%
•
8%
8%
*159'A
168%
36 %
31%
8%
•
9%
161
1%
4%
23%
V Interchemical
180
168'A
17%
Apr
Inland
300
1%
*63
135
58%
'
32
35%
Oct
Feb
4% Jan
Inspiration Cons Copper—
•
-1.200
114
169 !4
4%
*134
7%
30 Va
30 Va
114
13%
64
4%
'8%
•1,400
*1%
18%
64
Sep
4%
34%
No par
6 7*
17,400
168%
■
13 */ 4
12%
65
*63%
434
169'A
1%
134
1%
13 V4
168'A
7%
30%
8%
69%
'
168'A
106
16%
Ingersoll-Rand
30
13 %
114%
161
1,300
72
12%
8%
8%
160%
'
72
7%
30'A
8%
8-,8
96%
162
73%
*7%
-:*114
160'A
161
96'A
162
13%
13
30%
% "
162
*72%
115
8%
;•
8%
160
69%
,
30 5a
117
8%
8%
158
68
30%
*115
9
156
67%
.
*160
13%:
73a
115
158
•.
162
13%
8%
8%
158
'
*100
73%
'
;"v
160
13%
*7
115
8%
160-
73%
7%
*113
165
•■
May
Apr
29% May
29% Mar 30
RR
2,600
97%
12%
•'
Indianapolis P & L Co
Indian
Refining-—
Industrial Rayon—
4.900
37%
12 V'a
Dec
% Jan
Leased
4,140
-
11%
12
44 '/a
22% Jan
67*
710
37
12
Apr
100
Illinois
6.900
-
*97
11%
Manhattan
tHupp Motor Car Corp
3,700
'
93'4
&
Hudson Motor Car__
23,400
42%
'
Nov
•
13%..
10
Oct
11%
preferred——
—100
Bay Min & Sm Ltd—j—No par
Hud
:ii.60O
';•••
41%
■
Feb
39 Va
t
Jan
Mar 30
Apr
Feb
38 %
8'A
Mar 24
109'A Feb
3% Jan
5
5%
5,300
26%
8%
Jan
27
-
41%
8%
15'A
6%
1%
26
'::
v
•
8%
1%
Dec
115
'
12%
2 6 Va
41
8%
1%
12'A
25%
::
6%
29%
.;
7%
1%
1%
1
7%
18%
Dec
Dec
Oct
26
Dec
Nov
Nov
21 %
''
1%
15
17 V
29%
38% Jan
MarlO
Jan
Jan
39% Mar 30
25
c_
Sound Co
Dec
Jan
110
Jan
Oct
48'A
102'A
Mar
12%
100
31
75% Bee
V
12% Mar
22 V2 Mar 31
Nov
134
r
*
Mar
18
No par
t
79
Oct
Feb
14%
: Feb
21
34% Apr
12% Apr
;
158
30% Mar
7
16% Jan
—No par
v
1
Feb
Ma
r
10% Apr
5177. Apr
28% Jan
.
10
„
(A)——
Texas
Mar 15
14% Jan
1
—
(Del)—.'
__No
of
Jan
17% Mar 29
par
B
Houston Oil
Hove
2
i_No
Household Finance——
210
7%
39%
39
Furnace
Class
600
Dec
58'A
Apr
60
Houdftille-Hershey cl A—No
7,600
(.
Apr
May
141%" Apr
94%
45
Mar 30
71
9
Holly Sugar Corp__
7% preferred...
Hompstake Miningiiv.—
700
Jan
79'A
101
Jan
preferred
Hollander & Sons
16,600
Nov
1%
6
73
Hinde Si Dauch Paper Co
Hires Co (C E) The_—
:
8 %
20
49
May
Jun
56% Jan
131
Dec
88
5% May
93% Jan
par
Jan
4%
■
Jan
%
100
Holland
<
9% Mar 11
—No
3,300
:;
39
80
'
Mar 25
par
146
>3 % Mar.
96% Mar 23
Jan
16%' Jan
V
.
Apr
3
152
104
Apr
2
_u—No par
2.200
15%
*114%
38%
7
No
1,400
;
.12%
*1.5%
15'A
*114'A
38%
13%
xl07
12%
»
6'A Mar 15
Jan
I per thare
12%:;Apr
.
xl26
1% Jan
—100
.
1,600
!•
34%
;
__i_
Motors.
$4. conv
..
'
25
6%. cum preferred
Hershey Chocolate—
:
98
_25
A-
200
22
7
^
.18% Mar :5
A Apr: '' 1
Jan
Highest
"J per thar*
26
2
Hercules Powder—
40
«
19%
22
34%
rv'
12%
15%
*114'A
38
*50
*18
22%
34
1,700
;
•«•
105'A
19%
22'A
"
'••.
86
Feb
141
4% Jan
100
W)„
/ Preferred
Hercules
59%
*104%
22 %
12
134
*58'A
106
34'A
16%
12%
51
•
*131
59'A
*103%
6.800
'
22%
12
38
12%
12%
79%
33%
*114% i'iviiAi4'? 74.';
38%
39%
'
.
79%
22%
16
%*
39%
38
'-. 38
V
>!•'
38
17
(G
104
Feb
—1
tHazel-Atlas Glass Co
Helme
,
6
;
1912
Lowest
# per than
13% Jan
135
1
Hayes Mfg Corp__
40
•
81
*131
%
106
11.200
600
;
16%
80'A
par
1
790
17%
80
No
99% Jan
_—__100
Corp of Amer class A-
6%% preferred—^
Hayes Industries Inc—
3,900
71
170
17%
79%
•
V
v
Refrac
6%' preferred—1_—
Hat
'
100%
'
*114%
37 %
:
2%
*101
11%
16 Va
15%
*114'A
•
>
100'A
33%
33 %
*V''
2%
"71
Co $5 pfd—No par
'
i
(
100%
*165
(M A)
Harbison-Walk
50
1,500
8%
2%
72
19%
*18
.
2,500
;
r
100
8%
100%
170
59%
*22
33
11%
15%
V
22
?
*90
;•
9
2%
17
106
(
6'/«
100%
*69
134
*58
*101
.
16%
144'A
6
100
8%
*165
.
,
79%
*131
.
106
:
16%
,
„V * 138
6'/a
*96
.
;
141
Hanna
30
:
2%
.
17%
79%
59%
*101
18%
22
133
*57%
i
170
17'/a
79%
'
133
59 'A
104
104
17%
16%
17'/«
8
6
8%
*10414 105
100%
68%
*165
.1.6 7
105
141
100
8%
101
68
164
17%
'•i
*96
2%
2%
*1.04'/«
144'A
6
'
|
*5%
2%
99
67 %
67'A
164
16%
V 79
2%
*138
100
8%
104
16%
.
•'
6 J/8
*96
99
98'A
161
6%
8'A
23A
99
161
100
8%
17%.
144'A.
*140;
:
104
105%
17%
•;
..
6%
*96
2%
99
17%
144%
?
6
8 %
*104
105'A
>r
f per than
.
Year
Highest
Jan
129
Jan
Dec
Nov
17% May
24%
Jan
53%
Mar 30
64
Jan,
79%
Jan
11
Jan
13%
Dec
61
Dec
May
7% Aug
K
15%
15%
*121
15%
125
7%
73
26
*121
16
125
7%
4
26
■:"•■■15%
*121
8%
15%
15%
125
8
*121
8%
26%
26
26%
"26'A
10%
10'A
10%
10%
10%
10'A
*93
95
94
94
94
94
'
15
15
15
15
112
*106
112
*106
*94
15%
*14%
112
*106
10%
*94
15%
15%
112
16%
16%
17%
17'A
17'A
17%
12%
12'A
12%
12 3
13%
13'A
*106
17%
12
13%
*108
•''
27
96
16 'A
110
*109
34
33%
34
*17%
18
*28%
•
29 'A
/
109
34%
*108
34%
18
*17%
18
*28%
29%
3
*2%
2%
40
40
40
40
21%
21%
21%
22%
*8
109
34»/4
29
*17%
29
2%
2%
111
a
: •%
*17'A
29
2%
40
22%
it
*108
-
34%
18
28%
*11
15%
15'/a
112
*106
177a
112
*108
29%
29
3
*2%
40%
22%
22%
9»A
9%
9'A
40
26%
27
2 7'A
28
28
28 Va
28'A
28%
26
26 Va
26%
26'A
26'A
26%
26%
26%
V
22%
■
9'A
7,500
22,200
112
Kaufmann
5 7*
Dept Stores—.
conv
Kay ser
&
Kelsey
83
V
Nov
Jan
6
11
Apr
1
6
Apr
11'A
Feb
94
Mar 29
15'A Feb
108
14% Jan
Mar
18% Apr
8% Jan
'
2
•"■,■; 7I
Wo par
28% Jan
7
34% Mar 30
Wo par
15% Jan
2
17% Mar 25
Kimberly-Clark..
Kinney (G R) Co__
500
$5
29
109
Mar 30
Dec
/
Sep
Dec
14'A
Dec
4%
Jan
Jan
Jun
37'A
Jan
15 Va
Dec
29
Jan
7
2 4'A
Jun
.3 'a Mar
1
1%
Jan
12
40'A Apr
1
30%
Sep
10
18% Jan
2
22% Apr
2
17
2% Jan
11
10
2
>.
1.600
Krcsge Dept Stores—__1
Kressl (S H) & Co
_n—■.
Wo par
28 %
28'A
3.100
27
9,200
Kroger Grocery 61
12%
13%
3,340
Laclede
Bak__^\__Wo
,
Apr
23 % Jan
4
28 'A Apr
1
24% Feb
26
27 '/a Jan
18
9% Jan
;
par
4
•
Apr
13
15
'V
11%
Jan
Feb
-
26%
'1% Jan
30
Dec
9
105'A
34% Jan
Co
26%
,
•
May
__l
Kresge
26%
•
•f; '•
100
par
9,300
28%
•
■
par
25
Jan
11%
103%
Wo
1
26%
100'A
Jan
_No
„
prior preferred—
(S S)
Jan
7
93% July
10'A Apr
11
13% Mar 30
-J/
102
81%
26
Keystone Steel & W Co
600
Oct
29%
100
3
Oct
7'/a
May
2
i_l
124
Jan
16
2
|
2%
2
Jan
A—1
Feb
Mar
2
Apr
11% Jan
cl
5
117
23
29
103% Feb
conv
Feb
13
—5
B
28'A
V
7%
100
Mar 29
9% Apr
Jan
preferred. 100
Co.—
Hayes Wh'l
Class
20
—1
preferred.^
(J)
r
100
:
.
par
700
•
40
10
47*
No
No par
40,600
18
22%
ser
City Southern
preferred
Kendall Co $6 pt pfd A
Kennecott Copper
10
34%
29
pf
Kansas
Keith-Albce-Orpheum
13%
22'A
9
900
18%
13%
a
9
90
15'A
18'A
9%
8%
1.700
112
13%
'33%
*2%
;
96
*171%
40 %
4.100
111/4
*94
Kalamazoo Stove & Furn_.
Kan City P & L
42.700
29
96
17%
3
1,800
9%
11
34%
29
40
22i
28 3A
15%
125
9%
17%
•
3
'A
15%
*121
9%
34
29%
9
9
CO
40
40
22'%
17%
112
341/4
16
125
8%
27»A
10 Va
*14%
15%
*121
8%
26 'A
*10
*106
16
125
8'A
Mar
2'/a
Feb
Jun
40'A
Feb
22%
Jan
3'A
..v,:
19% May
22'/a
/■
2%
■
Jan
27
Jan
29%
V
Apr
Jan
L
15
15%
61
15
62
16
14%
15%
14%
14%
*13
13%
66
62 %
64%
61%
63
59
23
23%
60 Va
23'A
23
23
23
23
23
23'A
*13%
13%
13%
141/2
15
15'A
15 V4
15'A
15'/«
15%
35%
35%
35'A
34 %
15%
16
35%.
35
34%
35
34%
35
35
35
22%
61%
24
23%
'
*112
113
4%
1%
5%
23%
113
24.V4
5%
28
1%
1 %
1%
13%
CO
..
13%
14%
24
24
*113
113
5%
%
116
5%
1 bo
14
5%
1%
14'A
23'A
*114
5'a
1%
14
23 3i
116
5%
23%
115
5%
23%
115
1%
1%
13%
14'A
28%
29%
29%
30'A
29%
29%
29%
17
30'A
16%
17
17'4
17 >A
17%
18
18 V8
19
33
x32'A
31
31
35%
36 %
36%
37'A
36%
6%
6%
"6%
6%
6%
For
footnotes
32
see
32
page
33 %
33
37
6%
*32
23%
32V4
5%
::••.
vi:
59%
23 Va
*115
6
1%
14 Va
28%
*16%
58%
2 2'A
,
1.620
5%
>;
Lambert
Lane
' 1,400
_
23%
2,400
20
7Va
36,300
Lee
Lehigh
4%
5.100
Lehigh
6.400
6%
29 Va
30
32%
36%
36%
36 «A
6%
6%
6%
6%
7%
Jan
4
66
Mar 29
21%
Apr
41%
Sep
17% Jan
7
23'A Mar 29
11%
Jan
18
Dec
Wo
par
;
5
11% Jan
7
16
11'A
Dec
Cement
Valley
conv
Corp
-:50
Coal
(The)
Libbey Owens Ford G1
26% Jan
25
No
27
4
24
'A Mar
27
115
Apr
2% Jan
2
'
l:»
par
Jan
2
11% Jan
6
1
5
29
1
Libbv
McNeill
&
Libby„
Apr
18'A May
28
Dec
23%
Jan
Aug
113
Jan
2
Jun
4
Jan
%
Dec
1%
Jan
8%
Jan
15%
Aug
Apr
25
Dec
Aug
2%
24
Jan
12
30'A Mar 30
17%
14%
Jan
6
19
11%
Apr
14'A
8
33% Mar 30
18
Apr
26%
20%
Api-
1
_Wo
par
31
Jan
12
37 % Mar 29
7
5
Jan
2
6% Mar 29
\
15%
104
5
23% Jan
1247.
8% Mar
May
1% Mar
par
_
13
7% Am-
'
30,700
Apr
14% Mai- 25
No
—
—
2
Mar 25
Jan
20
-
50
*
36
Api-
107% Jan
100
preferred
Lehman
9,400
Mar 29
35
Tire
Lehn & Fink Prod Corp_„
Lerner Stores Corp_L_—
700
16
100
par
_
preferred
4.300
:
36%
6%
&
-too
Wo
_
2,300
-
18%
36%
Louis
ILehigh Valley RR
11/2
6%
St
_
Portland
conv
13%
36%
Co
iThe)
Bryant..
1%
32
Co
Rubber
13%
V
Lt
preferred
2.9Q0
1.500
.
118
*18
Gas
Dec
'
4
Jan
33%
Dec
Mar
5'A
Jan
-Volume
:the commercial & financial chronicle
.'Number 4165
157-
STOCKS
ftftturday<
A
-y!;
Monday
V
Tuesday
•••'•'•
t per shar*
1 per share
Tbnrsday
Wednesday
■
Apr. I-
Mar. 31
Mar. 30
Mar. 2!)
Mar. 27
/ 1
$ per share
1 ver share
share
ver
Sales
Friday
Apr. 2
:
S per
NEW
for
YORK
1243
S
:
■
STOCK
V-.V
EXCHANGE
■
share
•
Shares
•-
-
;;.!
-
y
Par
•
<•
•
•
■
Lowest
-
for Previous
Range
Range Since January
-
'
the Week
'
Year
1
f per shara
I
per
1942
Lowest
Highest
I per
thar«
Highest
I
share
share
per
'
y 32
32
32%
*32
65%
65%-
*67
68%
67
67%
68%
68%
64 %<
64%
65
v? *174%
175 Va
174 Va
174%
26%
26%
26%
34%
35 %
34V'R
40 Va
40
%
40 Va
18%
18%
32%
*31%
32%
200
66%
66%
66 V2
66 Va
1,500
68 y
69
67%
68 Va
69 %
176
64%
-1
32%
65
*31V2.
.32%
*32
64
32 V2
66 %
y
•y
•••
175
175%
175
25 Va
25%
26
V-: 34%
34%
*40
26 Va
34%
35%
40%
40%
40Va
17%
17%
18%
18%
19
24%
25%
-
<
>
-
27
174%
•
27
35%
27 Va
27'A
35Va :: 36% ''
•
'y 40
Va:;-"!
40
*40
35 Va
36
-
40
r.
'
17 Vr
18 Va
18%
i
23%
24%
55%
57%
43
'
:
'■!-
Xl8l/4
-
57
58%
19 Vr
18%
23%
24%
56 V2
44%.
■
57 Va
56'A
45
44%
"
19-./
;
;
*23%
44%
44'A
--
9%
9%
24V2
24 Va
8%
8%
9%
24%
9%
24 Vr
'•»'
25
'
18%
*153
18%
18%
18%
153
"154 Va
153
153
*152
153
-
' "
153
72%
23%
5,800
Lockheed Aircraft Corp..'
Loew's
3.600
73%
71%
72 %
*23 >4
23%
23%
23%
x23'%
23%
74 Va
-174% Feb
2
179% Feb
18
] 64 Va
Apr
par
22% Jan
24
Jan
4
27 >A Apr-
2
16%
Apr
23%
7
A0% Apr
1
22 %
Jun
32%
Feb
3.4% Jan
37 Va
Nov
.
Biscuit
Lorillard
4,500
-
*132
*132
140
35 %
24%
;1
25
24%'
i:'
*132
36%
35%
35%
2 4'A
k 140
'
y-
*12 v*
12%
12
22%
22%'
90
(P)
Louisville
2,000
23
25%
Co
>
*11%
12%
22%
22%
*275
5
5%
10
*300
320
320
k '
5%
9%
5%
9%
5%
*9%
5%
%
*9 ;r
'J
320
*315
320
23
18'A
18%
18%
18%
1%
1%
1%
1%
5%
'
5%
!>' 14%
13%
•y*
5 Via
22
13%
6 '/a
35%
19%
26%
26 %
*
163 V2
*163%
175
45%
45%
4%
4%
26%
*45 %
26%
4
25%
13%
*107
24
*107
109%
-
18%
8%
8%
*109
8%
110
110%
16
5
'
Vv 14
•
.
22
■
•
5%
••
■
":;.y
4
700
,
*
*
163 %
175
45 %
45%
45%
46
4 %
4%
4%
4%
4
175
163%
175
-
175
-45%
1,500
May
4 Va
3,500
1,800
$3
*100%
16%
16'A
16%
16'A
V
1,300
14
13%
14
13%" ' 14 Va
v.
4,200
*107
26%'
26%
26 Va
$6
*100 Va
*107
111 Va
109%
109%
109%
24 Va
24%
24 %
24%
*24%
24%
13'A
12%
12%
13 />
13%
111 Va
;':>24'A
r
:
f
Va
*86%
86
86
50
50
49
49
48%
49%
18%
19
13%
18%
18 >A
*111Va
y
75
75
75
30
30
88
112
110%
111 Va
109 Va
y-:'
9 %
100
30
7%
7%
9%
110%
*108%
110%
108 Va
9%
9%
9%
9%
85%
,
9
McGraw
:
30%
7%
7 Va!
9 Va
108
18%
4,200
!
V
9 >v
9%
108% 108%
'
McKesson
;
t5V4 'h!
680
:
120
6%
75
75
75
30%
30%
7%
7%
32%
•4
32%
32%
*28%
29%
>.<■
28%
28%
32%
7%
*31%
32 !A
28%
7»A
*31%
29 Va
28 VB
32%
32%
8
8%
7%
24
24%
24%
28%
28%
32%
7 Va
;
32%
7
:
Af.
y7
•
33 Va
28%
20
-
5 ',0
-
ser B \v
1st
1,200
Mesta
6,500
Machine
Miami
No
Co..
Jan
17'A May
26 Va
Jan
168
8
8
8
8%
1
8
8
..
23%
23%
24%
:>
28
28
28
28%
V
116%
*
116%
116%
66
r
116%
*66
66 %
109
*109
*112
*112
116
>?-:■
66%
y
'
8'«
23 3a
•
"
^
6 %
6%
6%
"24%
13,000
28 Va
800
;8
88%
18%
18 %
18%
19%
27b
2%
2%
9
;
i'
9
-
24%
89
89
6%
—
,*110
89
111%
89%
111
6%
*87
20%
20%
2%
2%
2%
2%
.
9 %
9.%
9 Va
25%
25'A
89
89%
89%
89 V*
89%
13%
*120
*111%
*111%
10'A
25%
! 2.900
89-
89 %
7 7c
1,800
9 %•
V
$4.50
*120
Preferred
*111 Va
12%
Oct
10
May
14
Jan
14 Vr Apr
39%
39%
40%
40%
40%
40 'A
41
40 Va
41
37%
36%
36%
V
*35 'a
35%
35%
35 %
*35%
35%
35%
35 Va
300
Morrell
(J)
18%
18%
18
18%
f
18%
18%
17%
18%
17%
18%
18
19%
4,090
tMorris
&
14%
14%
14%
13%
13%
15'a
15%
'••>v
14%
15
15%.
28%
31 .<
30%
30'A
6
;
.
21 Va
21%
v
"42%
64
5
64
43%
.
15
30%
14,800
113
43%
43 V
5%
65%
21%
*21 'A
22
64%
*113
8%
1%
9 %
8
43 %
*1%
28%
5%
*64%
14
Apr
6%, Jan
24%
Dee
9%
Nov
27%. Oct
39
1
10 Va
65
65'A
1
113
115
%
*42 %
8%
8%
43
*42%
9% Jan
101
5Va
Teb
76
Mar
Mar
1
33% Apr
1
Dec
72
Feb
Jun
32
Jan
Dec
6
Oct
22 "A
Jun
29
Oct
21
Apr
Dec
Apr
881A
Oct
30%
Jan
7 Vr
Jan
4%
;,!./
v
24
24% Mar 30
12 Va Mar
19'%
28% Mar 29
16 '/a May
23 Va
Oct
Apr
108 Vr
Nov
35Va Jan
59 Va
Dec
Feb 8
Feb 19Mar 4
67% Mar 25
.
21'A
21'A
65 V4
64%
-
Jan
111
2
1% May
88% Mar 27
Jan
8%
30
-
8%
16,400
43
*42 Va
43
1.800
115
V.'B.Va
,
100
-
:
•
Nov
1%
Oct
4%
Oct
2
12%
Feb
90% Feb
r
18
Oct
91
Jan
10
66
May
Mar 19
110
May
117%
119% Mar 23
112
May
120
Oct
110%
Jan
Apr
34 %
Dec
Dec
48 % Mar
102%. Apr
114
Mar 10
:41
Apr
1
23 Va
Mar
3
28%
2
12% Dec
37
8
21% Jan
a
14%
Jan
Jan
19% Apr
2%
53
15
63;
112
Apr
Ye
1%
Jan
5
9% Jan
7
11 Va Jan 12
t
Mar
4
13
1
67
4
119
108.% Jan
2
33% Jan 14
1
No par
Munsingwear Inc
No par
Murphy Co (G C)_'
:—No par
t4%%
preferred—.—...——100
Murray Corp of America—;
i._10
Myers (F E) Si Bro„—
No par
Jun
,25% Apr
2
2
Oct
Dec
3% Mar
20
31% Jan
8%
Oct
3%
10% Mar
Mar 19
Jan
57%
20% Mar 30
.
2
Jan
—.No par
Dec
108
Xl07% May
3% Jan
4;
17 Vi Jan 12
$7 preferred—
1,300
64%
a
*113
113
Brass
103%
1
4
6% Mar 26
84
Co
Mueller
88%
113 % Feb
118
Mullins Mfg Co class B
240
Mar 22
118
109 % Apr
% Jan
No par
———5
7,900
•
5
64 3.4
5
7
4
115
Corp.
Jan
7% May
Mar
20%
•
6
32% Mar
34
Jan
108
Oct
55
4
13
7% Mar 30
Dec
Dec
7%
77
64%
26
.30% Jan
,•
Jun
94
Apr
x5% Nov
9% Mar 29
89
Dec
15%
110
May
6
par
Corp
6.100
2!Ma
f
64 Va
"
64%
a
"1,000
Wheel
Motor
Jan
Mar 29
,
4
par
& Co——
108'A
18"'a Jan
3
Essex—_...—50
Motor Products
3,100
15 JA
5:<
5%
65%
21%
113
8
29%
14 Va
15 %
15 V«
5%
22
64%
*
29%
29%
14%
65%
65%
21%
8%
15%
15%
29%
6
65%
'#
113%
8%
15%
5%
■
-•
*42%
8
•
22
*110%
113%
8
f
S
65%
21%
64'%
64%
*110%
r:
: 65
14%
29%
M
6
5%
65
14%
15 %
-
5%
65
,
14
99% Aug
___
14% Mar 25
50
■
13%
2
8% Mar 26
112
preferred series C„._—No par
Montg Watd & Co Inc
No.par
"35%
Dec
Mar
2
..10
B__
101
Jun
9
110% Mar 29
/107
$4
30
-113
series
Nov
76
24% Mar 15
.—No
Co_^
preferred—
40
39%
Sep
22
9
7
A;—No
Chemical
Monsanto
*118
113
;
100
—20
preferred series A__;
Carpet Mills^
1
Mohawk
Nov
:
4
'—No pan
Mo-Kan-Texas RR—
33.200
25%
*120
112
27,700
Jan
3%
Jan
64% Jan
7
13% Jan 13
pfd. series B_
!-^l00
',4% preferred series C.——100
Minn Moline Power Impl
A-.L
$6.50 preferred.:
No par
Mission
Corp
1
10
6.100
3%
Jan
46%
16 '4 Mar 26
100 % Feb
9% Mar 29
58
4■%'. conv
39%
>
y
AA--'--No par:
1st preferred
100
cum
176
'
20% Jan
106% Jan
10
Petroleum
Prod
Steel
Jan
5% Jan
—5
4
300
19%
10
*118
*111%. 112
8%
7.000
%
3 Va
25%
*118
6
88
19%
I:
3%
25%
Apr
26% Mar 16
27 Vz Mar 23
26' Jivh 13
Minn-Honey well RegaA_.___A.Afp par.
•
40
*87
20%
Midland
90
"yy 6**a
6%
9%
*118
'
20
7,900
109'A
109
88
25%
*120
111%
v
ii
Copper.;
Mid-Continent
390
67'/a
*112
89
:
v
•
6%
*87
20%
y
112
6%
88
116»A
«
66%
109%
112
9%
-V
*120
—
116
■>:
67
25 %
:
'
*118
*130
6%
88
*28
116
109 »4
20'A
'
9%
66%
,
88
25%
1
*118
66 %
2%
25
116
116%
*66
*112
3
9 v®
25
28%
*109
88%
y
24%/
28 "
*115
*112
6%
88%
24
66%
*109
v
88%
24 %
28 Va
116%
66 %
Jan
>! Apr
31
l'A
"
«27%
29 Va
2
4% Mar
11
Jan
Nov
162
4
13
25
par
Dec
25 Va
'
8%
*
23%
Mar
6Va
34 'A
Aug
19% July
Mar 18
48
Sep
19
27% Mar 26
'
:.
3 Va
y
22% May
4
Mar 11
13
i,
4% Jan
5
1
Oct
12%
Feb 24
Jan
4
Jan
9
Jan 15
Feb A 9
27
...1..
__50
preferred
11 %
Apr
19 % Mar 26
^...1
Trans Co
Min
&
Jan
8 %
111 Va Mar 31
.101
6
67 %
60
No par
w—AA__JVo par
(The)—.
conv
Merch
900
33 %
33 Va
pfd
4%
109% Mar 31
6% Jan
preferred...
100
...—...No par
Mangel Co
5,400
32 V2
=>28. V:
:.'t
29%
'=. :t$5.50;
Jan
Dec
2
27
;_.l
Melville Shoe Corp
1,600
Va
Corp
3%
6% Mar
2 *
14V4 Jail
f$6 preferred series A A-
;
220
30%
.
*31%
32%*
33 Va
75
751
*30
y>v
30
conv
Mead
'
8,100
83 Va
83'%
1
2% Jun
109'A Mar.24
18
Co
Nov
■26% Mar 29
38.'4 Jan / 7
_100
...
2 :
37
8
8V2 Jail
;
S-
Robbins Inc.
&
preferred
McLellan! Stores
6.900
•
9%
9 Va
v
86%
30%
*31'
•>
*83 Va
86
75
30
:
No par
■.'%.'% Mar
23% Mar 29
Jan 1 5
Jan
2
104
Jan
,19'A Jan
—1
..4__
Mclntyre Porcupine Mines
1,800
y-y
,
%'
9%
30
32'%
32
•
30%
*29
31%
100
McGraw-Hill Pub Co...
49 Va S
109%> 110
vyy
75
*74
30%
*83%
86 'A
*31
*31
A.
Elec Co...
?
18 V2
18%
9%
9
75
"
7%
1
;
1.600
;
49Va
•
no
9 V»
*108%
-
,
preferred:
cum preferred
Stores Corp
:_.„y
Jan
11
Feb
14% Mar 30
2% Jan
7
21% Feb
4
100
Jan V 9
12% Jan 16
11.% Jan Y 7
No par
No par
...No par
Jan
16%
16% Apr
'
9%
9%
9%
165
37
4%
x6%
5% Mar 15
11
21% Jan
5
May
2
3
<
Jan
2% May
11% May
Mar 24
19% Apr
.
7
32
Jan
1
10
9
Jan i 5
9% Jan : 2
18'A Jan
9%
19
6
131
Dec
Mar 15
5% Mar 25
1
*
10
1st
320
2
100
1,300
24%
!" 12%**- 13%
Jan
27% Jan
3'Va Jan
par
Stores
McCrory. Stores Corp
5% conv preferred
>
13%
Deo
2
12% Mar 26
<•
McCall
26 V2
'
9
L-No
Wks
Jan
Nov
11
24%. Mar
Mar 15!"
3%(Jan
' Jan
23%
Apr
26% Apr
4
Jan
22 *
Jan
Jan
Jan
27
L
15'/a
Dec
18 V*
76%
21%
l Va Jan
par
153
Sep
17% Apr
8
■
preferred^
13%
14
.1 No
■
Department
55 Va-
-
Jan
2
•
j 16% Nov
Apr
Mar
11% Apr
35%
6 'A Jan
r44_.N0 -par
,-i
Maytag Co
7%
16
26 %
Nov
26% Dec
14% Jan
J..1
Corpl.
Alkali
11%
122
L_1
Co..
Corp
MaLhiesoh
.
105
*100%
a
L)
Elec Co~
Master
16
*26
26 Va
105
19%
36%, Mar30
3% Jan
1
Martin
3.800
4'%,
Dec
24% Feb
.25
•
Martin-Parry
;y y
%
Jan
7 Va
2
par
...
;
Masonite
*163%
Dec
42 Va
-
8
Jan ' 4
,
.'320
•
;
•
y 45
yy.;
Dec
Jan
46%
Mar
128
_,..y
Jan
20
9,500
(Glenn
Jat|; 8
19% Jan ' 2 V
10
'
10
23,900
25 »A
Mar 29
..No par
13.930
v
....
73%
Corp___.j!
5
Market St Ry 6% pr preferred.JXOO
Marshall Field &: Co.....L—No par
'
,25 sy
2
Midland
Marine
23,900
lOO
'
23
Apr
20 Va Jan
Maracaibo Oil Exploration
600
?
11
Feb
20
59%
;
2,900
7,700
25 >4
19% Feb
154
6
—No par'
No
3%
24 Va
26
2
12
*
Bros
.22%
y *26:y
16% Jan
28 ;
Sugar Co
Mandel
26 V2
y
25
Co Inc!
35%
27%
35%''-y;
15
Mar 29
148%'Jan
par
Copper....
Mahoning Coal Co_._4.yi
5%
35 Via
*26%
25
y.
2% Mar
v 15% Jan
!
^100
Magma
35%
5%y*
5%
13
^^.10
Madison Sq Garden..j_.
Manati
14 Va
26 V2
,
9:% Mar 25
...No
Manhattan Shirt...
16%
16%
35%
*26
27
161
'
'
110%
Macy (R H)
*
100
5V'a
•
Jun
46% Mar 22
:
14,800
1%> y; 2
5%
.
46%
*107
.?
9 %
'
•
: •*;.
yt *12%
•
10
Forbes
&
preferred
9'a
35%
%
6
13%
19%
111
110%
;•
22% ;
26Va
•:-1
50 !•
19 ;v
18%
110%
22 %
4%
-
12%
110%
23%
46
24%
12%
49%
22%
26 >
109%
yy-24'%
49%
23%
26%
}
13%
49%
14%
14'A
*'
5 Va
5
400
4,100
19%
*18%
v
16 "4
13%
y *100%
24'A
y
13'A
15%'
14
36%
•:
13%
13%
15%
13%
*163%
16
13%
15%
'■*
105
*15 %
15%
'■;?
26%
*100%
16
5%
5%
'
4%
105
5 %
26%
46
16
*100'A
5%
-
*35%
}
!.
26%
175
y
26%
y:
1%'.
.
31 Va
7
yv,l;y;:l:
M
5Va
*9
16 Va
24%
Jan
4
100
Mack Trucks Inc.....
6.800
,
325
4%
■<;
'
-1%
1 %
14'
<l:
35%
27
19%
1%
14%
f;
6 %
35%'
*25%
27
y
•
9%y'-;
;
;
'
*
14%.
6%
3 5'%
*25%
5%-;
5 Va
26'/a
*300
325
•
1%
5
23%
6%
1
:
22%
>36"
22%
14%
22%
y
22%
V...-
5%
14%
14%
<*14
:
12
22 Va
19 %
-
:
11%;
*9
9%
19
12
22%
22%
5%
*9
19
*18%
1%
.
7,400
25%
*300
325
5%
9%
36:,a
26
*11%
'
22%
140
36%
14% May
37
Dec
Nov
12% Oct
y
11% May
5
25% Mar 29
11
^^.10
^
Nashville
&
MacAndrews
'
6%
25%
25%
12%
:
*12
800
23%
,
19% Mar
Jan
6
A- 18% Jan
,v 7% preferred.—.^......J!.!
100
Louisville Gas & El A
No par
1,400
36%
36%
25%
25
12%
22 %
36 %
36%
36%
*132
140
*132
140
*132
140
9%
Jan
177
25% May
-
5-
6% Feb
•
•
•
.
Mar'
'
"72%
23 %
23% a
Mar 26
18% Mar 31
42% Jan
37% Jan
25
*
*23%
1)%
19
58'A Mar 29
par
Loose-Wiles
20
*71 '
'!
73'A
"
18%
19%
•
Mar
-
15Va Jan
•
Cement Corp__^._A'o par
Long Bell Lumber A
No par
'
"
33
4
16% Jan
4.700
"
.
153
*152
"
C
Jan
12% Jan V 4
par
No
3,000
24%
"
19%r
"
9'A
24%
•y 18%
:/:!
w
44 Va
•-
9 Va
...
Apr
Lone Star
yV|
44%•'<> ■yy 44
23%.
19%
73
50%
fLiquid Carbonic Corp_____„.No
3,700
.72 v4
19%
73
3
par
56,500
19%
71
19%
*72^
•71% Feb
-UJVo par
55%
153
152%
■*
2
Co
Refining Co__
23%
"'18% '•18%
"
19%
Belt
18%
24%
19%
Jan
63 Va Jan
Aion Oil
55 %
8%
19%
19%
19%
18 Va
18%
18%
18%
;
<
24%*
24 Va
.
73 Va
3,700
22%
24 Va
'
24%
Link
600
Wks!
'18 V4
8%
9
Apr
No par
Lima Locomotive
57
'
9
Jan
50 %
No
Lily Tulip Cup Corp____
*
17 %
17%;
33
5
0tPreferred
23%
50%
56%
44
;
•
19
24%
1.8'A
18%
18%
18%
20
70% Feb
_25
6.800
:
'
"
18%
•
23%
►
43%
43%
-
:
2
62% Mar 25
*
1.100
; y'
•'
30
100
Series B__
290
'
'
40 Va
27
5
^25
Liggett & Myers Tobacco.
5,000
174%' 174%
175%
Life Savers Corp
'
y/;-:
•
*
Feb
29% Mar
11
14% Mar 30
15% Mar 30
12%
Nov
Mar 29
20% Aug
25%
Jan
6
8
9% Apr
31
Jan
2
Jan
7
Jan
5
Jan
7
Jan 25
6%
Mar 26
3'A
Jan
66% Mar 20.
.
Mar 29
22
2
Jan
Sep
>
Oct
50
Jan
63
11%
Jan
17
Dec
69%
Jan
68 lA Feb
15
49 :
11514 Feb
27
108%
May
Feb
113
Sep
Dec
8% Apr
.2
4%
Jan
6%
Nov
Feb
27
30%
Jun
39%
Feb
1% Feb
5% Jan ; 2
34% Jan 12
11
44
A
N
1%
1%
9%
9%
9%
10
35
351,2
35%
36
18%
18%
18%
7%
7%
*7
*1%
1%
*1%
1%
*1%
9%
.
10'/a
9%
*1 '4
1 %
36
36'A
39 %
39 Va
39
18%
18%
18%
18%
18%
18%
19%
7%
7%
7'A
7
40 Va
3,190
19
40(4
19'A
.
6%
*6%
7
S%
9%
9%
9%
*9%
9%
*9%
9%
*9Va
9%
9'%
11 %
11%
11%
11%
11%
11%
11%
11 'A
11%
10%
11%
19 'a
19 %
19%
19%
19%
19%
19%
19%
19 Va
19%
19%
19%
170'a
170 Va
171
*168%.
20
20
20
*19%
*19%
8%
8
8
8'A
25
25'%
X24%
24%
12%
12 Va
12%
12%
18'A
'
18%
8%
18%
8%
*23
*139
141
18%
♦32
4%
21'/a
'■>'
72
•
-2,300
9%
'
Va
18 Va
18%
17%
8%
*8%
8%
*9 %
.
9%
28 Va
29%
22%
8 V8
83'A
82'A
*139
19
34 1
'
16%
*32
16%
170 V4
141
•>16%
19%.
33 V«
8'A
*82'A
83
17%
16%.
19
*32
*189
*139.
141
19%
19%
*32
33%
y
10.500
,
GTi
■
14,500
; 169
19 v8-
19%
4%-
4%
4Va
61%
61%
61%
61%
61
32%
10%
110%
10%
laVa
10%
101a
10%
22
22
73%
73%
78
78%
V<
:'.:-4aA :
5 VA
43a
6IV2"'
61'A
93»
%>..
10%
•
21%
22
72%
72%
72%
72%
74
76%
77.'A
79
78
79%
22
22%
■y
2ti"
21%
'73%:
1
73%
78%
*78
.
*43%
5%
5%
9 V
v
12% ,.12%.
5 '.4
8%
5%
9%
5
8:%
5
5
V*
9
-
y 8%
y v
5
;
9
s'.V
4 8%.
y
5
<
-
14.300
9 '/4
12%
12%
12%
12%
12%
12%.»
12 Va
12 y
4
>
3,700
19%.
19 Va
19%
*18%
19%
*18%
19'%
"
19%
;;
600
85 y
85
85
*83%
85%
*83 Va
85%
*83 Va
85%
44 Va
*43%
45
45
*45%
48
'*43%
45
*43'A
106%
no'
■;
*106%
109
35%
36";
36%!
36%
r;; 36%
37
13%
13%
13%
13%'
20%
*100
,
20%
109
,
109
20 %
21%
13 Va,
21V4.
45
106%
'
14%
21%
106%
*106%
36%
36%
36'A
14
14 Va
14
20%
109
•y
*19
%
'36%"
14% ;
21
20%
21
'..y
1Q2
noo%
102
.r.
108
,
V. *35%
'•'V 13%
*
20
*100
33%
33
34%
34
34%
33%
34%
33%
34
-
33 V4
33'A
16%
16%
17%
17Va
17%
17%
18%
17%
18 Va
14%
For
15%
footnotes
15%
see
;
page
1247.
.*100V'4
y
100
160
3,200
y 14.600
7,200
20 Va
102%
'100
-
,36%
*100
102
50
108
-.14
101%
33%
—4
:_25
^;_10
$2
Pa
.40
:
100
preferred———_100.
preferred
conv
+6%
(The)
prior preferred.
prior
——No par
National Tea Co
Co
Natomas
■
.—No par.
:—
'
*84
.
,
Nchi Corp
Nelsner Bros Inc
4%%
conv
Newberry Co
57c,
N'port News Ship & Dr
preferred
•
-3,200
New
York
Air Brake..
234,800
New
York
Central
-
;
4
10;% Jan 12
—1
37 •
I®0v4
26%
10%
17-.a
6Vr May
9%
Oct
May
16 Va
Oct
May
12 Vr Apr
166%
Jan
16%
Dec
5%
Nov
3%
11
Jan
Jan
20
Dec
Sep
9%
Dec
18 % Mar 26
12%
Apr
15%
Aug
9% Mar
3
4%
Jan
7%
Nov
Feb
8
29 % Apr
2
10
;
8'A Mar 29
Feb
84
24
,y-17% Jan 31
170% Mar 26
Feb
145
13
3%
Apr
Mar
Jan
16'A
145
May
168
Mar
146
13'4 Dec
2
4
5% Apr
2
1% Apr
43% May
22 Vr Mar 29
i
129
Jan
10% Mar 29
Dec
72
Jan
11%
Sep
Nov
6%
Apr
60
Nov
26
18
Apr
14'A Mar
19% Apr
36
9%
8% May
17%
61V8 Mar 29
29 Va
Apr
'
Jan
Jan
17% Mar
36
3%
54
Nov
Jan
Oct
May
6 Va
Jan
9% Jun
16%
Feb
45% May
51
4
63 y
Feb
May
70
Feb
5% Mar 26
2% Mar
4
9% Mar 30
4%
Oct
9%
Feb
5% Mar
9%
Dec
Mar 31
74
3"
2
2
9
7
8%
Dec
6%
23% Mar 29
4
•
Nov
2
13% Apr
,
No par
Dock
100
101
8% Mar 25
Oct
5'A
Jan
140
25 Vr Mar 25
Nov
Apr
13
13
Oct
%
19%
5%
1
Feb
20
3% July
3
Mar 24
171
5
2
—No par
No par
preferred series A
Newport Industries..
9
9% Mar 12
Jan 13 Feb
5
Jan
2
Jan
62
Jan
2:,4 Jan
6.
Jan
9% Jan
10
'lan
74% Jan
,
-
7% Mar
<
13% May
11% Mar 29
„
,
7
29
1
19% Apr
,
7
4
Jan 11
Mar 31
Jan 2
Jan 12
Jan 2
95 «. Jan 7
27% Jan 2
No par
(J J)—
Newmont Mining Corp—--
$5 conv
102
——No par
1
serial preferred—100
.
Jan1 2 !
Jan 13
Jan
6
Jan
Jan
Jan
Dec
Jan
2
19% Apr
17 % Jan 15
6
Jan 12
70 'A Jan
4
14?
—No par
National Steel Corp——
A t5%%
45.100
*18%
45
-
2
3
7
2
1
3%
16 % May
40 V2 Apr
2
4
Jan
160
137
14%
31%
*•
2%
52.
5%
14%
yv 57
No par
Cast Co
National. Supply
"1,140
y
210
19
.
:
No par
■"
86
19
*84
& St'l
National Power & Lt
•
8,100
,
preferred
National Oil Products Co.
1.900
'17,700
'
conv
Nat Mall
v
lOO
.
4—1
preferred A—
.100
t0% preferred B_
4_—.^,—4.100
'58,600
A
& Stamping—
17%
7,200
;y
,.Wo par
No par
Gypsum Co—
10 % Mar 30
5
4 •
4
f 14% Jan
2
6% Jan 13 A
9'AMar 16
x25 % Jan 14
National Lead Cotu!—A..«—10!
•
130
i
10
33.•
y 4%
$4.50
240
-<
32%
-19%.
Nat Enam
National
13,700
83
preferred:
Nat DLstillers Prod—
2,800
-
V' 8
138 Vai 138%
140 y :
4 Va
22%
1,900
5
2
Feb
Jan
Jan
Jan
8'A Feb
8% Jan
15% Jan
162
Jan
17
Jan
5% Jan'
18% Jan
-9% Jan
No par
..10
National Dept Stores—
10.200
"
Co
Corp
Products..4——No par
Nat Dairy
13.300
.
16% •,17
-•
y 168
170 'A
3,000
23
y
*82VW
-
17 %;v
29 Va
-
":7,%
:
8%
61%
8%
12%
23
.
18,400
.
9%
9 Va
29
•
83
4%
76%
•;1
,•
22'2
61%
21%
8%
12'%
22%
"•8%
72%
r.
5%
8%
22%
'169 y-' 170'A
■139 y
9%
29'4,'
50O
>
8%
8%
*
*9 %
300
18'A
17.%'
28%
'
15,200
.
13%
13 V4 ;
18'A
8%
9
8%
19%
9%'
76
5%
'
18
1,000
4.800
.
,
7%
24%
13%
4%
s21%
y',72%
75%.
;'
13
12%
'
'•''<'9%
'
;
20
:•
73a
.
11,700
y 171% >:
24%
*
61%
•61%
;
;
12%
12%
23 'A
141
18%
34
4Va-
*61
7%
24%
.8
-
20
7%
24%
22
*169
20
8%
24%
9%
16%
20
*169
7%
28%
i: 170%
*139
18%
*32%,
•
*169
20
y
173
24%
*91/4.
83%
*169
8%
28 Va.
82
1614
170%
20
173
24%
8%
82
16% y 16%
*169
9/.
20
23%
8
82
*80
18'A
.
*169
9%
'
23%
8
12%
173
28%
*9%.
23%
7%
9
28
28%
8
24''2
18%
9
9%
"9'A
28
*
.
9%
llVa
170
Nash-Kelvinator
42,300
..
1%
6%
23 %
15%
5%
No par
5
tNash Chatt & St Louis———2100
National Acme Co.
;—1
Nat Automotive Fibres Inc—
1
6% conv preferred..
:_10
National Aviation Corp:
5
National Biscuit Co..
—10
7 7t, preferred
L.
—
100
Nat Bond & Share Corp
-No par
National Can Corp
—
—1C
Nat Cash Register——No par
National Cylinder Gas Co
1
Nabco Liquidating
300
.
9%
9%
10
36
7
l'/a
79% Mar 31
12% Mar 30
,
19
'4 Mar 30
86 % Mar 15
11
17
Dec
70'/a May
75 Va
Sep
Apr
39'A
Dec
Mar
110 Va
Dec
Apr
1
28
112% Jan
30
104
45
Jan
Oct
22%
Apr
30 Va
Feb
14% Mar 30
7'A
Apr
11%
Jan
21% Mar 30
15%
Dec
25%
Jan
93'/a
Dec
109%
Jan
23% Mav
32'A
Feb
12 Va
Oct
37-
Mar 30
100% Feb
18
34% Mar 29
18% Apr
1
6%
Jun
1
i
1lHWWft*f
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
LOW AND
t
share
per
per
..
.
t
share
Mar. 31
shar0
per
STOCKS
* per
Apr. 1
shaft
t
15
16%
41%
19%
13%
14%
14%
14%
14%
15%
41
41%
42
42%
42
43
41
15
42%
19 %
19 %
18%
19
18 Ma
19
19
*8%
9
9
*21%
95
■
*97
40%
41%
fi
22
93
108
*40%
92
1
16%
17%
9,100
43%
43 \\
44%
15,700
20%
20%
20 %
3,300
NYC
9%
1,100
New
22%
600
97
480
22
92
92
106
*95%
40%
41%
106 1
N Y Chic & St. Louis Co..
11
preferred series A_.
10%
*29%
♦28%
31
172
172%
173%
171%
173 %
116
*115%
116%
*115%
116%
13%
13%
13%
13%
14
53
53%
53%
53%
53%
52
171%
30
51
51%
13%
*52%
52
*98%
100
11%
*112
13%
13%
13%
*98%
112%
12%
12%
12%
*112
13%
100
112%
.
'
18%
18%
19
39 Va
18%
*39
39%
39 Va
5%
171
*28%
172
172%
116%
*115%
U6%
13%
14 %
14%
14%
54
53 Va
53%
53%
*52 V4
52%
52 V4
13%
*99 %
12%
xlll%
18%
5 Va
*39
13%
100
13%
111%
19
-39%
•
13%
13%
*99%
100
13
13 Va
110%
111%
18%
19
*39.
39 Va
13%
*99%
13%
*111
171
172 Va
*115% 116
i
13%
14%
13%
100
13 Va
14%
18%
39%
18%
5%
5'A
-
5%
5%
5%
5%
*40
preferred..,
5%
5%'
7
97
Apr
2
105
Jan
27
80
45
Feb
15
23%
Deo
Jan
28 Vo Jan
6
■iV Jan
A
% Jan
Va
Sliipbldg Corp part stk.
20% Jan
14
Jan
•62% Jan
24
143
Mar'
192
113
5
115% Mar 13
108
Mar
116%
North
American
12%
12%
12%
12'/0
84%
8%
7%
148 Va
6%
Outboard
55
tOutlet -vCo—-
59%
Owens-Illinois
19%
19
18%
18%
*9%
11
10%
10 Va
Pacific Finance Corp
29
28%
29
28%
29
28%
28%
28 3 8
28 Va
Pacific
Gas
39 %
39%
39%
39 Va
39%
40
40
40
Pacific
Ltg Corp
26'/a
26%
26%
26%
26%
26%
25 Va
26
25%
26%
25%
25%
Pacific
Mills
96%
96 Va
96
96%
96%
97%
97
97
96%
96%
97
97
tPacific
♦153%
154%
153%
153%
*153
154
153%
t6 r/o
154
?■/ 4
4
4Vs
30 Va
30%
30 Va
31 Vs
*9»/s
9%
♦9-/«
9%
♦llOVe
110%
X109-/4
109-/4
2%
2%
2%
4
4-/s
2%
3%
15%
4
30%
31%
*9%
30%'
9%
110
X2%
3%
4%
4%
110
4
15
31%
15%
4
15%
4
3%
15%
4%
31
31%
4
30%
Pan
31
9%
9%
8%
9%
8%
8%
110%
111%
111%
110%
111 %
2%
2%
2%
2%
2
*40%
42
*40-/a
42
40%
41
40%
40%
40 %
40 Va
*40
*98%
104
*98%
104
*98%
104
*97%
101 Va
♦97%
101%
*97%
24%
24%
24%
24%
23%
164
—
166
23%
24%
*99%
166,%
24%
*99%
170 Va
173
24%
i-
173 Va
169-A
*23
4%
I6V2 Jan
Apr
par
27
Pictures
31% Apr
42
102
1
&
Park
Utah Consol Mines
Tllford Inc
Davis
Parmelee
&
1
1
No
Co
par
2.50
Transportation—No par
17% Jan
l'/«Jan
27%
aan
16
Jan
22
2
7
7
1% Jan
5;
Jan
12
Patino Mines &
59%
Fenick & Ford——..——No par
57% Mar 22
86%
Penney
80
(J C)
6
Penn
3»/a
Penn-Dlxle
42%
:17%
'
3%
5%
Jan
11
3-/4 Jan
6
par
l%Jan
No par
No par
33% Jan
4
13% Jan
6
—No par
—No
Cement
preferred
109
Feb
6
3
23% Jan
2
~L7 % Feb
9
100
"46% Jan
9
100
1% Feb
4
...———1
Pere Marquette Ry Co
.100
6% prior preferred—
..—100
28 Va Jan
RR
Peoples Drug Stores Inc
Peoples G L & C C (Chic)
4
tPeoria <fe Eastern Ry Co
41-/4
13%
50
37
23
10
Co
Coke Corp
&
Pennsylvania
51|%
46%
—10
4....100
50
5
i
31%
12
Coal
Enterprises
$7 conv pref ser A—
Penn G1 Sand Corp
23
40'/a
38%
Pepsi-Cola
5%
Co..
100
preferred
Pet Milk Co..——
6
5-/e Jan
6
34-/8 Feb
18
19
27
Jan
No par
Petroleum Corp of America
3
Pfelffer Brewing Co
No par
Phelphs-Dodge Corp
25
tPhiladelphia Co 6% preferred—50
t$6 preferred—.No par
28%
44
85
19%
Philco
77%
Philip Morris & Co Ltd—
Corp...iiii...——3
107%
108
tPreferred 4%%
109%
109%
t4%%.
I
series
10
—.100
series
100
11%
Phillips Jones Corp
No par
92
If* preferred
Phillips Petroleum
No
49'/a
Pnoenix
24%
28
24% Mar 30
28
51%
102%
4
MarlS
Jan
155 Va Mar 12
Apr 1,
Parker Rust Proof Co
30%
84
1
173»/a Mar 30
18-/4
*22
.
1
9% Mar 17
100
Parke
4%
8
Mar 30
111% Apr
2% Mar
1
Park
2%
*108%
49%
—100
Hosiery..—.
:
24%
Pillsbury Flour Mills.;
112
53%
8-/a
..—25
Pittsburgh Coal of Pa
.6% preferred—.
Pitts Coke & Iron Corp
$5 conv preferred
8%
69%
..—100
—
Pitts C C & St Louis Ry Co
5%
52%
Preferred
69%
100
100
—100,
No par
No par
Pittsburgh Forglngs Co
Pitts Ft Way & Chic Ry Co
If*
par
—.5
84
5%
1
13% Apr
1
9
100
170
Jan
100
preferred
177
Mar 24
Pitts Screw & Bolt
No par
Pittsburgh Steel Co
6 -/8 Mar 31
9% Mar 27
If*
preferred
class B
No par
100
i%
preferred
class A
100
43
Apr
100
75
Mar 31
5%%
1st
ser
conv
pr
pfd
Pittsburgh & West Va
Pitts Young <fc Ash Ry 7%
Pittston
Co.
Class
B
preferred—
Plymouth Oil Co.....
Poor
19%
20%
19%
19%
10%
10%
IOVB
10-/4
10%
11
*10%
10'/a
10%
10%
10%
10Va
*33V4
34
33%
34%
35
36%
55%
55%
118%
118%
15
85
15%
85-/8
55%
118
15%
84%
55%
55%
55%
118
118%
118%
16
15%
85%
85%
16
85%
19%
19%
U
11%
*11
r
36%
55
11%
36%
55-/a
118%
118%
15%
16%
85
86%
18%
10%
*11
36%
55
117%
16
86%
1
1
16% Mar 29
150% Jan
4
4-/8 Apr
100
preferred
Creek
80 Ve Apr
1
A
Pond
20%
100
41% Apr
1
1
31
pfd—100
(The)
Class
19%
Oct
5
'pfd called May 10, 1943—100
lst
23%
*17
*10%
Dec
10 V* Jan
4'% Mar 13
par
Inc
28%
42
*88
3%
34
1
Mar
1943-
3»/e
77%
Jan
Feb
7% Sep
Sep
Dec
Mar
20
4% Mar
16
5
_.5
pfd_100
preferred
preferred called
5%
19%
38
154 Va Mar 29
1
86%
84%
i
17%
Mar 25
100
27-/8
*58
x44
1
20
110%
Mar 26
40
10
No
18-/4
28-A
Apr
8 , Apr
31% Apr
Mar 25
29
—No pap
Inc
28 >/a
4
100
20% Mar 26
—100
Airways Corp
& Transp
Cos
conv
Paramount
172
2
13
100
Teleg
Petrol
Paraffine
1st
170
Mar 30
par
Panhandle Prod & Ref
2%
41
•99%
170
American
Pan-Amer
24 %
23%
23
*99%
&
tPanhandle East P L 5.60%
101 Va
2%
5 % Mar 29
40
12*/a Mar 25
10
,—No
Telep
Packard Motor Car—
4'4
110%
15
25
No
Pacific Tin Consol'd Corp..
Pacific Western Oil Corp
3%
*15%
(Cal)
Electric
&
preferred
'
4
6
Feb
8% Nov
Mar 26
39%
16
15
.
2
Mar 29 '
;
4% Jan
Jan
Mar 26
28-/4
154
Jan
Feb
19
40
12
39%
11 Va
113
36
29
3%
6 :
5
Co
39%
15%
Jan
.
10
Coast
29
*153
2
19.
2
preferred-—.-——No par
2d preferred.—.—
;.No par
39%
14%
,
14% Apr
,
53
Co.
18%
19
154-%
Jan
1st
19%
11
14-/4
Jan
Jan
2
.
Apr
—
Glass
Pacific
19
154%
14
96
31
Pacific Amer Fisheries Inc
19 %
4
Dec
Apr
Marine & Mfg.
11 Va
19
14%
9%
85%
preferred
32
34
3%
13% Mar 29
preferred A
12%
33%
14%
39
Sep
llVa Nov
52% Jan
Oppenhelm Collins
33%
11%
34%
*10
Mar ie
Apr
Otis Elevator
11%
11%
33%
*9%
54
6% Mar
...
33%
11%
34%
11
39
2
Equip
(The)
*10%
11%
34%
*9%
20
98% Mar 26
8% Jan
11%
11
35
.
Jan
x3% Jan 14
12%
10%
34
*11
54
Dec
Jan
Omnibus Corp
*31
12%
14% Apr
23%
6
15% Jan
.
*52
12%
7
5
•
Apr
5
36
Preferred
Oliver Farm
20 Va
58%
15%
Jan
2
07
Lines
Telegraph
Ohio Oil Co
7%
Feb
Oct
30%
9% Jan
Norwich Pharmacal Co
16%
■::r4i;v-
Mar 29
Sep
Jun
19
Va
48% Jan
Norwalk Tire & Rubber
16%
30
176
Oct
2%
Jan
91% Jan
Aviation
Pow $5 pfd
Air
Mar 29
5
49% Jan
Racific Ry
Stated
tNor
26
2
Jan
9% Jan
preferred series
5%% preferred series
.
12%
23
preferred
Northwestern
148%
Jan
1
.Northwest
7%
Feb
Feb
54
1
6%
5%
84%
>
3
,7% Jan
20 %
110
109
•
Mar
Northern
6%
Dec
May
1% Mar
North American Co__
12%
40
60%
6
it
Northern Central Ry Co
5%
Dec
Jan 22
.01
1
2% Mar
45
12%
16%
22% Apr
Feb
Feb
4
18%
"
Dec
4
4
39 Va
*39
6%
2
14%
ill
111
Jll*/a
18%
*39
Jan
May
12% Apr
4
100
14 V4
15%
6% Jan
preferred—*,
/tAdjust 4%
13%
*99 V4
,
51
Jan
2
52 Va
51%
Dec
10%
Jan
54
52
*53
35
Noblitt-Sparks Indus Inc..*.
tNorfolk & Western Ry...
30
172%
*115%
17-/a
1% Jan
Conv
NY
*115
Jun
44% Apr
2
20% Apr
1
9% Mar 30
......
non-cum
Highest
I per share
11%
5
<N Y Ontario St Western
'
2
63'/a Jan
Dock
tN Y Lack 81 West Ry Co
IN YN H & Hartford
2%
17% Apr
$ per share
14% Jan
N Y & Harlem RR Co
u
•
Jan 27
Year 1942
•
Lowest
I per short
31% Jan 27
Corp
5% preferred
42
k
16% Jan
Omnibus
York
Range for Previous
;
Range Since January 1
Lowest
Highest
I per share
6%
'
v
YORK STOCK
EXCHANGE
Shares
22%
41
NEW
I per share
share
per
8%
*97
..
41%
the Week
13
2%
8%
22%
92%
>97
106
40
40%
9%
21%
93%
93
106
94%
•97
21%
*21
21%
9
15
Sales for
9%
19%
*8%
Friday
Apr, 2
Thursday
Wednesday
Mar. 30
Mar. 29
Mar. 27
I
Tuesday
Monday
Saturday
RECORD
PRICKS
SALE
HIGH
Monday, April 5, 1943
Apr
2
...5
20% Apr
2
par
22% Mar 23
100
.
Pocahontas
& Co class B
No
No
par
9-/4 Apr
1
19%
Postal Teleg Inc preferred..,
22'/a Mar
3
11%
Pressed
II-/4 Apr
1
8-/2
Jan
11-/4
•
5%
10% Mar 31
8%
Jan
29-/4
Jan
37
55%
117%
16%
87
5f*
&
pfd
Co Inc
1st preferred
conv
Procter
5%
Steel Car
conv
2d
preferred
Gamble
(ser of Feb 1 *29)
Pub Serv Corp of N J
t $5 preferred
37
21
Apr
2
55% Feb
24
Feb
13
16% Apr
1
87
2
86%
5
123
Apr
52%
122
14'/a
Sep
Oct
Oct
Jan
Jan
9 6 Va
96-/4
96%
96%
96%
96%
96-%
97%
97-/a
98
98%
t6%
preferred.
x99'/a
Jan
107%
107%
107%
107%
107%
109%
108%
109%
108%
108%
109
109'/a
t7%
preferred
109% Mar 30
111
Jan
121
121
121
121%
121%
122%
123
123-/a
122%
123-/4
123%
124%
t8%
preferred...
124% Apr
2
123
Jan
119
118%
118%
119
119
118%
119
119
118%
118%
Mar 30
116
34 %
34%
35
34%
34%
35!/8
♦118%
34-/8
For
34%
footnotes
see
page
1247,
34%
35%
*118%
35
98
35-/4
tPub Ser El & Gas pfd $5
Pullman Inc
98% Mar
119
35% Mar 31
28%
Oct
Nov
RECORD
NEW YORK STOCK
I
I per share
17%
17%
17%
107%
107%
108
16%
17%
17
10814
106 7/s
106%
♦107
*983A
99 Va
99%
99 Va
99
99
99
99%
17
17
1714
17
17%
1714
17%
12%
12%
12%
12%
12%
16
163/4
♦12%
12%
♦12%
814
8,
♦62%
♦94
97
63
*94
97 '
♦94
97
714
7%
7%
80'%
80%
80%
25
25
7%
79
17
12%
12%
13
8%
8%
8%
8%
63%
64%
1,600
7'/a
80%
80%
80%
25%
25%
1,600
25
25
24%
25
25
25%
25
13%
13%
13%
13%
13%
13%
♦13
13 %
13 '/a
13%
13%
28%
2814
28%
28%
29
29
28%
*28
28%
29
29
13
*28
19
33
33
*28%
29
29
19
34
*33
34%
*33
34%
400
29
29
♦29
30
*28
29%
500
31%
*7%
7%
7%
8
8
16%
16%
17
*17
♦16
*70
33
15
14%
15
15
15
14%
78%
78%
77%
78%
78
78
77%
52%
54
54
54%
*8
814
1714
17%
,17%
18
99%
*99%
100
♦99%
*82%
85%
*82%
85%
7%
8%
8%
8%
8%
86
*84
86
8%
8%
8%
69%
69%
69%
69%
69%
69%
1114
103A
11
10 Va
11
92
92
92%
92'A
92%
9%
9 Ve
%
9
*8%
8%
8%
27%
27%
27%
*35%
9%
10
13%
9%
13%
*13 %
*8%
8%
8%
8%
23%
23%
23%
24%
1514
1514
48%
48%
36 Ve
36 Ve
%
%
*8
■
i«
%
9%
*9
*9
9%
*8%
9%
36%
36%
108 Va
37%
37%
*108%
109 Vi
108%
12%
12%
12
27%
27 Va
27%
28
273/4
28%
28%
28%
29%
30'/a
99%
99%
99%
99%
*99%
39
39
38%
113
113
*112%
113
*112%
113
*110
112
*110
112
*110
112
%
30
*21%
2
3 Ve
3%
68'A
68 3 8
69
1438
14%
14%
15
23/8
*2%
24%
23y4
24 Va
14%
3%
3 Va
69%
14%
15
13%
14 Ve
13%
64%
64%
13%
13%
13%
71
71
'
13%
13%
*69%
71%
8 3/4
8%
8%
9
23%
9
Seagrave
133/4
4,900
39%
39%
393/4
39%
393/4
24
24%
24%
24%
24'/4
243/s
4'/4
4
4%
4%
4%
4%
4%
Shell
4%
4%
9,900
Silver King
22%
23 Va
23%
23%
233%
25%
■/•• 25%
25%
24%
243/4
9,600
1%
*1%
1%
*1%
1%
1%
1%
*1%
1%
100
*1%
26%
25%
25%
*25%
41
42
42
41%
42
41%
92%
94
94
96
96
93%
90
91
91
♦113
118
♦113
41%
41%
41%
200
253/4
253/4
26
*25%
-*
3,300
102
116
1,500
115
101%
115
30
15
No par
30
30%
29%
29%
29
293/4
28%
2,400
29 %
283/8
29%
29%
t$6 .preferred
Smith (A O) Corp
20%
20%
20
20 Ve
20%
20%
1,800
Smith & Cor Type v t c
20%
20%
20
20%
20%
19%
22%
23
23
23 %
23 %
25%
24%
24%
25%
23
25%
23
13
13%
13
13%
13
13%
13
131/4
12%
13
12%
12%
-
3%
3%
3%
120
*115
118
118
118
*113
118
33/8
3%
3%
3
3%
3%
3%
18 %
18 %
18 %
18%
19
19%
19%
19%
19%
19%
18%
23%
23%
23%:
23%
23%
233/4
23%
23%
23%
135%
135%
*135%
23%
23%
23%
137
*135
137
137
137
*135
*135%
137
24%
23%
23%
23%
23%
24
13
13
12%
13
12%
24%
24%
24%
13
12%
12%
13
13%
So
30
*13
Southern
2,600
21%
22%
23%
23%
24%
23%
24%
24%
24%
253/4
25%
26%
26%
29%
28%
29%
Southern
23%
109,300
243/B
43%
433/4
43%
45%
44%
45%
45%
46%
46%
49
47%
49
50
50%
55 %
55
55%
55
55
55%
57
50
4%
5%
4%
5
4%
5
4%
*3%
3%
3%
3%
33/4
4
3%
40%
*38%
40%
26%
38
38
43%
*38%
::
"v
59
2,090
4%
8,600
1,500
43%
Spear & Co
$5.50 preferred
30
27
27
*26%
27%
34%
34%
35
34%
35
32%
33%
34%
8,900
Sperry Corp
34%
34%
33%
34%
38
38
38
38
38%
39%
*37%
38%
58
58
58
58
58
58
58
*57
58
58
36%
*57%
53/a
5%
5%
:■
*51%.
46%
46
46%
453/4
373/4
45%
*37
*111
5%"
5%
37%
37%
37%
109%
117
*111
51
*51
53
*114
116
53%
3
5%
46%
45%
37%
1,600
117
*112
*51
53
*51
53
*51
53
*114%
6%
*107%
iM.
2.%
3%
20%
19%
19%
19%
,
110
116
6%
6%
48,200
107%
800
25,100
%
%
%
%
2%.
3%
120
107%
6%
6%
109%
*114%
116
*114%
116
6 3/4
109%
$3
conv
Spiegel
No
Brands
Standard Gas it El Co
par
prior preferred
Oil of Calif
No par
25/8
41.000
$4
preferred
18%
19%
3,600
$6
cum
$7
cum
prior preferred
*20
20 %
21%
20%
21%
20%
21%
21%
20%
21 s/8
18,000
21%
21%
21%
21
34%
34%
343/4'
34%
343/4
Standard
34%
29,200
34%
34%
34%
33%
343/4
34
32%
32%
323/4
16,600
Standard Oil of Indiana
25
54
63,000
Standard Oil of New Jersey
44
4,500
25
25
313/a
32
31%
32
31%
32%
31%
52 3/8
52%
53
52%
53%
53%
53%
53%
51%
44%
44%
44%
44%
44%
44%
44%
44
433/8
31%
31%
30%
31
31
30%
31%
303/4
30%
30%
303/4
700
65%
65%
64%
64%
64
64
1,300
65%
65% .653/4
64
65%
65
11 %
113/8
11%
11'%
11%
11%
11%
11%
8,000
UV4
11%
11
11%
Sterling Drug Inc
Stewart-Warner
Corp
63/4
6%
7
6"%
14.700
Stokely Bros & Co Inc
6%
6%
63%
9
9%
83/4
9%
29,600
8%
9%
Stone
10%
23,500
623/4
1,000
31%
31%
51%
51%
42%
43
*30
6%
8%
:
v
:
10
10%
60
61
9%
10%
61%
10%
60
9%
60
63%
125%
124%
1243/4
*124
125%
6%
63/4
6%
7%
7
7%
18%
18%
18%
18
18%
*124
2%
68
29
%
6%
25 %
For
3
7
8%
10
63 3/8
*124
6%
7
:/":
9
10%
63%
10
:
*61
7
7%
10%
7%
700
Sweets Co of Amer
25%
7,800
30
31
*30
%
6%
6%
63/4
6 3,4
*6%
6%
6%
6 3/g
25%
25%
25%
25%
25%
25%
253/8
25%
25%
6
footnotes
see
page
1247.
(4%%
Sunshine Mining Co
A pfd
6%
28%
30%
3.200
3%
26,800
69%
72%
3,400
28%
30
3
25
13,600
1
No par
(The)
Oil Co
Class
63/4
69%
29%
No par
800
69
173/4
Xl7%
,_10
5
1
Webster
Studebaker Corp
Sun
No par
L S
(The)
30%
68%
30 %
37,600
&
Co
*29%
3%
28%
7%
10
Starrett
30%
18 3/a
3
30%
7
125
Standard Oil of Ohio
Superheater Co (The)
Superior Oil Corp
Superior Oil of Calif
Superior Steel Corp
Sutherland Paper Co
18
3%
69%
97/e
62 3/4
*123%
18%
293%
8%
63
3
68%
'
125
18
30%
*30 %
9%
9
*123%
67%
31%
7
6%
125
683/4
29%
30
31
31
3
3
*68
69
26%
18
2%
3
/;
/•
8wift
&
ft
1%
9
10%
28%
No par
No par
No par
No par
23%
19%
2%
109
49
113
4%
100%
—No par
$4.50 preferred
2%
Co
Dec
May
98
Oct
Apr
39
Dec
109% Aug
116
Jan
113%
Dec
78
Mar 23
Feu
Feb
25%
1
16
Mar 23
106 Va
Jan
Mar
1
Va
Jun
1
3/8
Dec
A
10 Va
Apr
17 Va
1%
Dec
3% Mar
5
70% Apr
43% May
1
cum)
100
100
No par
:
1
25
100
(The)
10
12Va
25
'
10%
9
52
Dec
60
Mar
4%
1
Apr
54%
Mar 26
Apr
66
Dec
Nov
7% NOV
4% Mar
30% May
24 Va Mar 31
10 Ve
Apr
183A
Dec
2 Ve
Jun
4%
Jan
43% Mar
31,
11% May
25 Va Mar 31'
1% Feb
Feb
4
42
%
18
26:.
Mar 30
Apr
20% Aug
19 %
Apr
2
65
Apr
Mar 31
116
108
July
Apr
118
30 V8 Mar
15% July
30
25 Va Apr
9
Apr
19% Apr
p: 35
Aug
17
Dec
1%
27
Dec
Nov
30%
100
Oct
Jan
113% Dec
20%
Jan
15%
Nov
10%
Dec
1% Mar
V
Feb
6 Ve Mar
2
17
2%
Jun
14
Apr
> 153/4 Jan
24 Vi Mar 13
17%
Jun
26%
Jan
17
122%
Nov
1443/4
Jan
24% Mar 31
14%
Apr
21'/a Nov
13 Va Mar 13
9'A
Apr
12 Ve
Jan
Jun
18 Va
Nov
Feb
142
Feb
1
10
29 Va Apr
2
12% May
18%
*49
Apr
Jun
39
Apr
1
2
233/4
59
343/4
Jan
50% Mar
5 Ve Mar 26
1%
Apr
1%
Nov
24% Apr
9
4 Ve Apr
1
40 Va Mar 29
27
Mar 30
35 Ve Mar
15
Oct
3
Aug
3%
Feb
31
Dec
59
July
17%
Apr
24
Nov
Dec
31 '/a
21%
Jan
39 % Apr
1
30
Sep
37
Mar
59% Jan
26
49
Mar
60
Jan
2
5% Mar 23
2%
Sep
4 Va
Jan
7
47% Mar 23
293/4
Sep
45%
Jan
373/, Mar 12
27%
Jun
38%
Jan
2
7
2
4
5
5
8
12
2
4
2
Jan 2
Jan 2
Feb 23
Jan 20
26 Vi Jan
43/4 Feb
22% Jan
Jan
9%
9% Mar 15
60% Jan 26
7% Jan 12
4% Jan 2
5% Jan 2
5% Jan 6
48% Jan 6
124
Jan 9
33A Jan 2
12%
1%
58%
14%
Nov
41% Mar 17
Jan
46% Jan
37% Jan
25
Jan
NOV
11% Dec
Apr
71% Mar
7
8
Jan
28% Jan
62%
Jan
8
14
6
Jan
Jan
Jan
Jan
Sep
Dec
3% Mar
4%
65
Jan
Jan 28
10
Feb
Feb 17
Jan
Feb
14% Mar 31
Mar 29
15
Jan 13
33
1
—100
No par
No par
preferred
Squibb (E R) & Sons
$5 pref series A
conv
19%
Jan
21%
24% Mar .30
Jan 15
Jan
2
57
Jan
3
Jan
35% Jan
No par
preferred
Square D Co
2%
19%
Apr
4% Mar
2% Jan
2% Jan
Jan
21% Jan 26
24% Jan 2
18
32% Jan
1
preferred A
19%
Jan
Dec
123A
2
33
No par
No par
2
Inc
Standard
110
104
1
112
42 Va Jan
(The)
tConv $4.50
5%
117
6%
19%
1,430
*112
109%
U
250
11,400
46
117
63/4
,
37%
373%
373/4
5%
*111
109%
%
%
3 %
2%
114%
373/4
5%
45%
46
53/8
109%
*109%
110
114%
*57
5%
6%
6%
6%
6%
37%
37%
117
51
115
♦114
45%
46
*111
117
5%
5%
Jun
1
115
2
Jan 11
Jan
2
100
1
Spicer Mfg Co
363/a
37%
1,700
36%
>,
Jan
43
153/4 Jan
No par
No par
Spencer Kellogg St Sons
27
26 3/4
26%
26%
26 3/4
26%
27
700
44
x9%
101
2% Jan
No par
Sparks Withington
4%
*39%
4%
43%
Sep
Apr
29%
30 Va Apr
15% Jan
35% Jan
tMobile & Ohio stk tr ctfs
4%
4%
*39%
10
3 Va Mar 29
No par
Ry
preferred
5%
*3%
5
4%
5
4
41%
57%
20,400
Jan
133/8 Mar 30
No par
100
22%
227/e
Southern Pacific Co
21%
125,200
213/4
23%
Sep
Jan
5
2
25
7.50
Sep
7%
2
8
Mar
12 Va Mar 26
Jan
4
Jan 14
16%
20%
132
21 Va
10%
Jan
ft Nov
1%
Mar 11
10 Va Jan
Gas Co
21%
Jan
13% May
100
Southern Natural
Jan
Va
2
California Edison
6,600
May
A
1
20% Mar 30
preferred
24%
13% Nov
47% Nov
2
4
1
Porto Rico Sugar
8%
May
1
109 Vi Mar 29
28% Jan 11
77
Jan 2
111
Jan 6
19
Jan 19
5
No par
Greyhound Lines
S'eastern
4,600
13%
24%
24%
137
2,700
Dec
Feb
7
34% May
15 % Jan
16% Jan
Socony Vacuum Oil Co Inc
South Am Gold St Platinum
21%
16
15
Snider Packing Corp
74,800
18,400
•
63A Nov
No par
14,100
v
3%
3%
18%
10
No par
■
9'/8 Nov
Jan
39 Va Apr
2
4
2
15
100
9
Apr
33/4
9
16% Jan
1% Jan
21
Jan
No par
Apr
6%
13
5
Iron
Jan
.6%
Apr
1% Mar
No par
Simonds Saw & Steel
Jan
Nov
3Va Mar
23/a Jan
10
Skelly Oil Co
tSloss-Sheffield Steel &
Jan
Jan
Jan
54
31%
'
5
—
29
:
No par
Petroleum
Slmms
643/4
5%
31%
17%
No par
Coalition Mines
Simmons Co
4%
22%
26
No par
7,800
4%
39%
Pen Co
(V/ A)
Union Oil
tSheaffer
2
8% Jan 20
No par
23%
23%
;
Sharpe & Dohme
$3.50 conv pref ser A_
Shattuck (Frank G)
393%
*39
No par
27%
18
Jan
17
Jan
Jan
9
54
No par
Oct
Apr
x20
10 % Mar 26
10% Jan
1
Inc
$5 conv preferred—
90
22%
♦26.
No par
Sharon Steel Corp
190
*39
1%
5
64 Va
24 %
39%
No par
Corp
13%
39%
26%
.——100
Roebuck & Co
Sears
64%
23%
*1%
$4.50
65
*3914
39"
Paper Co
13%
23%
•25%
preferred
5% %
Scott
No par
—100
5
5
_100
No par
No par
No par
No par
75 Ve
93% Apr
6
asa Jan
2
% Jan
4
Jan 16
7% Jan 9
35
Jan '7
105% Jan 7
10% Jan 2
193/4 Jan 12
96
Jan 15
38
Jan
9
112% Mar 15
107% Jan 23
& Jan 2
% Jan
16% Jan
2
Jan
59-% Jan
100
100
100
100
preferred—
143/4
8 34
4
34%
Servel
39-%
•39
23
9,700
8 3%
8%
36% Mai1 30
Jan
28 % Jan
—10
preferred
Safeway Stores
5% preferred;
Savage Arms Corp
Schenley Distillers Corp
100
Jan
5%
49% Mar 19
5%
4,100
Jan
85'A
15% Mar 25
2,000
10,700
8%
Apr
3% Mar
6% May
24% Mar 31
6%
83/4
Oct
Jan
74
7
Seaboard Oil Co of Del
13%
May
Jan
7%
129% Mar
6
Joseph Lead-.
Louis-San Francisco
71%
Jun
86%
4
No par
5,400
3%
4 Vi
8% Mar 12
Jan
100% Mar
43
preierred
conv
$4
3
Dec
5% Jan
22%
50
Jun
70
11% Jan
8,200
8
?
Mar 30
86
20% Jan
34,300
13%
x94%
8
100% Mar
Dec
19
1
(The)
%
*70
Sep
..No par
Co
2%
8%
13%
2
11,300
13%
18% Mar 30
Dec
5%
/ 8% Mar 29
9
_
3/4
71%
Jun
2
14 3A
8%
2%
Nov
8
70%
*70
25
Feb
9
Dec
71%
49
7
14%
13%
13%
71%
Jan
Jan
69%
*64
38%
7% Jan
133A
65%
*69 %
13 3/4
72
}St
Mar
Mar 30
.No par
.No par
Antelope Copper Mines
__
Dental Mfg...
preferred
preferred
^Seaboard Air Line
4-2% preferred———
2%
x55
Mar 19
•
37
$2.50
St
Feb
Dec
13
4
J.4%
14%
*64%
14
64%
,
1,500
112
3
7Va May
25% Jan
_
_
70%
69%
14%
13%
13%
64
600
38
113
23
3
3 Ve
69%
100 Va
*112%
14% Mar 26
343/8 Feb
Tob class B
(R J)
tCommon
2 Va
V
2%
:
23
69%
69
64%
13%
64
13%
2Ve
3%
3 Ve
•3
68
*71
2%
16,500
1 :t.
%
23
22%
22
22%
ii
I
Dec
7%
16
„10
Reynolds
21%
113
%
30%
*993/4
112
%
.
'
.
15,400
*110
*112%
> /
112
590
12 Ve
38
*110
113
%
\h
1%
1%
1%
112 Va
*110
.
33
38
383A
1%
%
■
tt
38%
39%
40
v
12
103%
*39
6,900
38%
12%
•
20
10
109 %
22
Dec
103/4 Mar
2
Spring
tSt Louis Southwestern
38%
12%
100:.';
6,800
IS
7
109 Ve
12%
12%
100
11,100
%
39%
12%
101
4,500
36
109'A
.12
Apr
6
2
Mar 29
1
10
Reynolds
70
38%
109
12%
*9934
8%
108%
39
109 Va
37
37
36%
108%
5,100
Ritter
*9
10
*9
9%
9'A
11
8% Apr
17
1
28% Feb 15
Richfield Oil Corp.
*5%
35% Mar 30
Jan
11 % Mar 26
1.400
%
Yi
7
*5%
7
*5%
7
108%
%
n
'
*6
Dec
92% Mar 31
47
7%
70
7
47
1
%
1
■
Jan
4
Rustless Iron & Steel Corp
*6
39
2
Ruberoid
7%
25
Jan
Jan
6,000
ft
Nov
4% Mar 25
75
8
7% Jan
17
35%
Sep
3 3/,
5% Jan
9%
'
23%
80
Roan
%
Nov
May
.1% Jan
No par
100
Reynolds Metals Co
5%% conv preferred-
1,900
36%
28%
20
54
5,700
Va
23Vi May
Mar 26
29
20
1,300
36
34 % Mar 30
Feb
24 Va
%
Nov
70
15%
36%
15%
7
__
14%
36%
263A Feb
64'/a Jan
.
preferred
Dec
23% July
11 Va Apr
78 Va July
t5%%
r
Jan 28
20% Apr
2
30
18
24%
:%
12
Feb
*8Ve
36%
Jun
98
15%
%
7%
6
8%
36
Dec
13% Mar 15
13
153/e
%
22
5% Jan
24%
363A
Dec
Jan
85% Jan
Copper & Brass.
preferred
11%
8%
i7*
54%
15%
No par
100
100
Revere
15
36%
Jun
2
4
243/3
473A
34%
25 Va Apr
6
8%
*47
Dec
81% Mar 26
73% Jan
15%
473A
3%
95 Va Jan
conv
conv
24%
*47
Apr
.A'' ; —-No par
preferred
100
prior pfd ser A__
100
6%
6%
8Ve
48
2
2
50
9%
Dec
7% Mar 29
16
2
7
2
7
6
2
20
22
14
2
11,900
.153/4
90
Jan
,37%
*36
.
9%
15
Dec
Apr
14
—_1
15%
47%
1
1
*6
37%
9%
59%
88
79
Inc.—___
Dec
46% Mar
Apr
55
Motors,
8
1
2
64 V2 Mar
9.7
4
273A
27%
2% Mar
8 % Mar 30
2
4
4
24 Va
48%
•
27%
220
9%
9
10% Oct
42% Jan
4% Jan
8%
15%
*48
./■/
8% Mar
69 % Jan
24%
24
15%
15%
/
9%
14
14
2,600
10%
91
Ve
*35%
10
14
13%
13%
36%
9%
10
9%
13%
353A
36%
35%
36
9%
36
*35%
10%
90%
27%
28 Ve
273/4
28
273A
27%
40
130
11
*91
9
96
70
92
10%
11%
92
8%
r
13% Feb 14
4
'
♦95
70
11%
9
11,000
*69
96
70
14% Nov
25
with
Republic Steel Corp
■
500
8%
8
8%
*95
96
*95
96
96
92
11
*91%
.
—
86'A
*84%
86
85
■
8%
8 3/e
1
.
18
100
9% Mar
100
Reo
1,200
37,400
17%
100
*99%
100
*99%
18
17%
18 Ve
173/4
Dec
Jun
warrants
Mfg Co
Preferred
20
8%
8%
Dec
92%
7
tRensselaer & Sara RR Co
1,000
55%
Dec
106%
80 Va
17% Mar 30
6
Remington-Rand
7,200
78
11%
90 Va May
16
10
1
& Co
(Robt)
Reliance
15
8%
■
95
70
*69%
8%
20
;
8
Jan
5
14% Jan
4
12
Jan 20
Reliable Stores Corp
300
18%
*55
54%
*99%
100
86
95
96%
#qii
*54%
8%
18%
17%
*9914
55%
8%
8%
8%
8%
*54%
100
No par
Apr
Mar 16
100
66% Jan
1st pfd
Reis
77%
77%
*52
100
1,100
14%
14%
78%
5
Hosiery
1,000
8%
*16'/2
15
14%
78%
22%
3%
1
18%
14%
55
33
8%
8
*16%
Silk
Preferred
76
33
33%
a8
18
*1614
18%
*70
76
33%
8%
*8
8
*70
76
33
76
35%
34%
34%
3114
Real
1,500
4%
*414
4%
4%
4%
4%
4%
*70
76
'VV
32
33 %
4%
4%
♦70
76
*72
18%
30%
14%
26%
Mar
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Highest
I per share
Mar
109
2
2
Jan
92
3%
5414
21
11%
26%
--
15,500
19%
34%
*29
29
4%
4%
4%
20%
19%
20%
19%
19%
18%
33
.
500
■
34%
19%
1914
*31 %
2,500
3
1942
I per share
17% Mar 29
14
,
4% Jan
59
No par
1
t6'/'o conv preferred'-.———..100
Raybestos Manhattan
No par
Rayonier Inc
;
1
$3 preferred
—25
Reading Company
___50
4% 1st preferred
50
4% 2d preferred
50
220
25%
7%
*79%
92'/a Jan
13% Jan
10% Jan
10
Radlo-Keith-Orpheum
20,800
7%
7%
Jan
104% Feb
..
t$5 preferred
20
97
97
97
conv
Radio Corp of Amer
No par
$3.50 conv 1st preferred__.No par
114,200
63%
*94
81
Quaker State Oil Ref Corp
1,300
63%
7%
7%
80%
17
11
No par
100
100
No par
(The)
preferred
preferred
Purity Bakeries
5%
Year
Lowest
I per share
f per share
Par
6%
400
100
Oil
Pure
34,500
:
17%
;
v;;
1,300
3,700
12%
97
80%
7%
7%
80 V2
99%
/
EXCHANGE
Shares
17%
107%
*107 %
♦17
63
♦94
16%
108
for
Range Since January 1
Lowest
Highest
YORK STOCK
NEW
the Week
99% 100
8%
8%
62%
63
63
62%
8%
8%
8%
8%
V
63T
Sales
t per share
17%
17
108 %
$
16%
108%
/
I per share
I per share
« per snare
share
per
Apr. 1
Mar. 31
Mar. 39
Mar. 29
> Mar. 27
Friday
Apr. 2
Thursday
Wednesday
Tuesday
Range for Previous
STOCKS
HIGH SALE PRICES
LOW AND
Monday
Saturday
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4165
157
Volume
4
1
2
110 Va Mar 10
52
Mar 26
114% Mar 22
6% Mar 26
110
Mar 18
Dec
108
40 Va
Apr
Feb
114
49%
Jan
113
Jan
Apr
5
Jan
89 % May
110
109% Aug
23/4
ft
2% Mar 13
3A
6% Mar 13
Apr
Jan
% Ctet
Sep
2Va
Oc*
5VaMay
11%
Jan
6
Apr
13%
Jan
25
18
Mar
29%
Dec
1
54
Apr
2
44% Mar 31
20
Apr
29
Dec
30%
Apr
47
Dec
25%
Apr;
31
223A
Dec
343/4
Jan
42
Apr
62
Dec
22 Va Mar
20
23% Mar 19
35 Ve Feb
32% Apr
31 Va Mar
65% Mar 30
11% Mar 30
7
Mar
9 % Apr
4%
4
Apr
63/4 Nov
33/4
Jan
6'A
4
43
1163/e
Apr
Apr
1
18% Mar 26
11% May
3 Ve Mar 31
72% Apr
313/4 Mar 25
25 % Mar
Nov
553A Jan
128
Dec
5% Jan
15 Va
Jan
Apr
1%
Jan
9% May
16%
Dec
Feb
26 Va
Dec
1
2
303/4 Mar 29
6% Apr
Jan
3Ve Mar
3% May
73% Apr
8Va Nov
4
63 % Mar 30
Jan
Jan
Nov
2
10% Mar 12
127
5 Ve
40
2
26
1734
3 Ve May
20
Sep
43/4 Aug
25
Jan
THE COMMERCIAL
& FINANCIAL CHRONICLE
NEW YORK STOCK
LOW AND
Monday
■atnrday
Mar. 27
per/mare
f
Mar, 29
9 pet share
33 Va
83%
33
25%
26
,
9 per share
•
Wednaiday
;
STOCKS
9 per share
Friday
Sales
Apr. 2
the Week
Thursday
Mar, 31
Apr. 1
t
per
share
t per share
33 Va
337a
33»4
33%
33%
33%
34
(
34'A
27
23
26
25%
25%
25 Va
25%
25%
7%
7 %
7%
tor
NEW
YORIv
i
STOCK
/•Lowest
~# per
'8,100
.
v
>;
7,000
'
Swift International Ltd__
Sylvania Elac. Prod's? Inc
19,500
Symington-Gould
Talcott Inc
Range for Previous
Range Since January 1
EXCHANGE
.
Shares
25%
7 Va
7%
7%
RECORD
SALE PRICES
33%
%
26
HIGH
Tuesday
Mar. 30
Monday,' April 5, 1943
29
share
Jan
22% Feb
4% Jan
Corp—
(James)——
Year 1942
Highest
9 per snare
:
8
34% Apr
.
8
27
2
«.'.Lowest,;,
9 per
Apr$:l
,,
15% Aug
>
J'A.Aug'
Highest,
$ per-share
19%: Mar
,2
-Mar 29
'7%
i
'
share
«
.
,
29'A Nov
25%
Dec
5% Jan
•_
—9
> 5% % ; partlc preferred
.—50
Telautograph Corp——5
Tennessee •< Corp—
Texas- Co- (The).L——U*2^
Produc'g Co__1—No par
—No par
Texas Gulf
Texas Gulf Sulphur
Texas Pacific.^Cpal <fc Oil—
_-_10
Texas Pacific Land .Trust—
—l
Texas it Pacific Ry
Co—
'100
Thatcher] Mfg. Co—___LA——No par.
%t$3.60;conv; preferred—i~No par
.The-' Fairi——i—par
Preferred
Thermoid
——100,
_T
L
Co——-
S3 div conv
prefei/red—
——19;
Third Avenue Transit Corp._No par
.Thompson (J R)
—25.
Thompson Prods Inc———„No par
Thompson-Starrett Co
$3.50
Tide
preferred—
cum
Associated
Water
t$4.50
No
N<
Oil——
preferred-.
conv
Timken .Detroit
par
par
..10
No par
Axle—
„———10
Tirnken Roller Bearing
——No par
&
L''Vl
Transamerlca Corp
Transcout'l &
2
LA
West, Air Inc_——_5
Transue & Williams StU—No par
Tri-Continental Corp-
20th
Cen
$1.50
Twin
——T
-
$6 preferred—
——No par
£
Corp—
!—No
par
Pox- Film. Corp—No
par
Truax-Traer
preferred——
City Rapid
No par
Tran_
__No par
7% preferred——-—^———100
Coach Co..
Twin
48%
46%
.11%
% 10%
83%
84%
48%.
11
83%
*115'A
*115%
117
*110%
111
111
19%
19 %
19 Va
47
46%
47
46
46
Va
llVa
11 Va
11 Va
11
85
84'/a
85
84%
Under
84%
*115%
117%
115%
117'A
111%
110 Va
110%
110Va
111
19 %
19%
19%
8Va
Plsher
Co
No
Union El Co of Mo $5 pfd—No par
Preferred $4.50 series
No par
19%
Union Oil of California
Union Pacific RR Co—
91
91 Va
91
92%
92%
92%
92'A
92%
91%
92%
85%
85%
85%
85%
85
85
85
85%
84%
84%
27%
27%
27%
23%
28
28
28
28
34%
34%
35
34'A
34%
34%
34%
United
101%
102%
104 V*
105 Va
106
104 Va
104 Va
22 %
22%
23 Vb
21%
18 *A
18 %
111%
111%
62 Va
62%
*20 Va
21 Va
*
1
23%
1
1 Vis
24
22%
18 Va
18 Va
22 V2
18% ; 18%
111%' 111%
111%
111%
62 Va
62 Va
62%
62%
*21%
22
lVa
*20%
21%
24%
24 Va
1
23%
1
1*8
25
22
*18%
111%
22%
19
111%
104
21%
4%
104 */2
5%
21%
*18%
111*A
63
*20%
I
24%
conv
.———100
—-No par
Corp
.
preferred
United
Biscuit
_5
Co__
United
Carbon
22
United-Carr Fast
—No
par
No
par
100
-
Co
Corp__—A-No-par
United Corporation*
25%
$3
>
5
100
preferred--:
5 ft
;
63'A
IVft
109
Uu Air Lines Transport
18%
111'A
preferredAircraft
25
-
Union Tank Car-
34%
27%
35%
28 %
3 4 Via
103
par
Union Bag &, Paper———No. par
Union Carbide & Carb—_•
No par
nye
117 %
Elliott
—1
—
;
preferred..——
No par
—No par
United Drug Co——1
United
Dyewood Corp
A—-——
-.10
—.U00
Preferred
United Electric' Coal Cos-*———5
United
Eng & Fdy——
1—5
United; Fruit Co———
United
Gas
-.No par
United Mer & Manu Inc
United
No par
__—No par
Improv't
$5 preferred-;
t c——I
v
Paperboard
U S & Foreign Sectir—
..10
No par
1st preferred-
No par
$6
U S Freight Co:
U S
U
No par
Gypsum Co_
7%
S
preferred
Hoffman
5%%
conv
20
100
--
Mach
preferred—————50
Industrial
U
S
U
17
--5
Corp-—
8. Leather Co-——--
109%
Alcohol-
.No
tPrior preferred
100
34
O S Pipe &
38
U S
36%
U 8 Plywood Corp
tU S Realty & Impt_
U
Foundry——-——20
Playing Card Co
10
t
—1
No
Rubber Co—
S
8%
Steel
r100
Corp—
Preferred
U
—_
—50
50
No par
.———100
Tobacco Co
S
7%
No
preferred
United
par
————23
Stockyards Corp
1
United Stores class A
$6
par
-10
1st preferred
U S: Smelting Ref & Min
Preferred
U S
par
No par
——No var
Partlc &, conv cl A
/
5
preferred———No par
Universal-Cyclops Steel Corp
1
conv
Universal
8%
Leaf
Tob_„
No
preferred
par
——100
Universal Pictures 1st pfd——1100
Vadsco
Sales
1%
Oct
Dec
15% Nov
61
Oct
152 Va
Dec
169
Dec
LJ
Preferred
Oct
1
60%
Va Sep
34V2
Dec
Vanadium Corp of Ara__—J
20%
Van Norman Mach Tool-
11 Va Mar
Van
;
Raalte Co Inc.
7 ft
Vick
1st
26
116% July
preferred—
Chemical €o—
42
:
Vicks Shreve & Pac Ry.—-—
5%
preferred
—
Victor Chemical
Va
El &
Va Iron
Pow
preferred—
$6
Coal &
——I
6%
J
pfd
Wabash
—
4%%.
footnotes
see
page
1247,
preferred with
Nov
Jan
138
Oct
Jan
30%
warr.
Jan
7%
Nov
20 Va
RR preferred,
Waldorf System
Walgreen Co
For
Dec
21%
96Va Mar
Detinning Co
——
Oct
117%
29%
preferred-..
Preferred
Jan
2% Oct
40 %
31%
pref
Coke 5%
Virginian Ry Co
Vulcan
Jan
Nov
25 Va
Works—
dlv partic
Dec
55
60
A—
Va-Carolina ChemL—.
6%
Jan
Dec
Nov
102 Va
Oct
THE COMMERCIAL' & FINANCIAL CHRONICLE
Number 4165
'Volume 157
NEW YORK STOCK
I
t per shart
8%
45%;
*44%
46%
S
shart
per
46%
Apr. 1
f
48 Va
48
18 Va
*18
18%
10
10%
18
18
10%
11%
10%
10%
10%
10%
2%
*2%
2%
43%
43%
2%
2%
2%
2%
*2%
45
45
45%
45%
44%
45 - v'
43%
44'/»
12
12%
12%
13%
12%
13%
12%
13.
"81%
83
83
84
*31%
32
2%
;
24%
24%
74%
"24
5%
5%
5'A
24%
■»
*72%
*
25%
82 ;
'
.Vl'
*72
74%.
19 Va
19%
T9
16%
'16%
24%
24 %
24%
4%
.
2
No par
38% Jan
12
15% Jan
4
18
4% Jan
% Jan
5
11% Mar 27
4
2% Mar 29
.-No
_
par
8% Mar 29
48% Apr
$
1942
Highest
I per shart
I per shart
5%
Apr
31'A
1
Mar
3%
Apr
17
%
Nov
41%
Nov
16'A
13% Mar
Oct
Jun
6
Nov
% May
1
Nov
2%
"24 Va
J
5
4%
24%
24%
24%
72%
72%
72
72
24 Va
•
A—-No
Fdy & Pipe
*71%
-
Jan
16
45% Mar 29
20
7% Jan
7
13% Mar 29
79% Mar 12
84
Mar
27'A Jan 18
15Va Jan
4
12 Va Jan
4
32
24% Apr
Feb
29%
Nov
Apr
8%
Dec
May
80%
Oct
Oct
39 Va
Jan
4'A
Mar 29
17% Jan,
par
Washington Gas Lt Co—No
par
Waukesha Motor Co_—
2,700
800
5
Wayne-Pump Co—.s
—1
—
Webster
'5,400
I
26
5
—.—-No par
11,900
24%
50
—
Pictures—
Bros
Warren
400
900
*
'.'■••■•V"4%-f, 4%
5
4%
24%
74%
-
|
24%
preferred
$3.85 preferred
X65
26
;• ./
19%
'16
$7
40
31
*
*19 Va
■
16%
Vs
■A
Baking Co cl A
Warner
67.100
84
16%
31
16%
5'A
:
.<
Highest
I per shart
Lowest
4% Jan
Wesson Oil & Snowdrift—
Eisenlohr—
__-No
73
I 200
■
$4 conv
preferred.;
No par
24%
19% Mar 31
Feb
19
13'A
Jun
12
Jan
14
Oct
.11%
Jan
18
Nov
Jan
3
July
v.i
16% Mar 29
5
1
5% Mar 29
' 2% Jan
8
17% Jan
4
' '69
Jan 21
par
No par
-
<-
Tear
1
—No par
—No par
preferred
Class B
1.30Q
12% ■■■.? f
*82;'-
32
25%
4%
Ward
220
44
12%
83%
•
'*31.'''
31
24
.24%
24%
;•»
Good & W Ltd
(H)
Since January
1 per shart
No par
Co
Div redeem
Range for Previous
v"'
Range
Lowest
Walk
3,500
2'A
*43
13
:V12%
84
■
19%
19%
16%
16%
16%
24%
434
■
2%
i
'
31
31%
19%
19%
*19
■
23%
*70
*82
83 %
■.
31%
f
f 15 %
24
■
32
32
15%
*15%
*82
48
A
19 %
*18%
24
-
V-
if:
■
Walworth
1,300
18
11%
.
STOCK
Par
500
11%
STOCKS
YORK
EXCHANGE
16,800
*17%
18
2%
'
8
18%
48
V
NEW
Shares
47%
11%
11%
for
*18
18
"17%
SalM
the Week
7%
8'A
7%
8%
i
I per shart
shart
per
>
Friday
Apr. 2
> 47%
47%
.
A
Thursday
shart
per
8
8%
8
8%
45%
8%
8V4
A
t
shart
per
.
Wednesday vf
Mar. 31
Tuesday
Mar. 30
Mar. 2!)
Mar. 27
.
RECORD
HIGH SALE PRICES
LOW AND
if;.:
Monday
Saturday
si-
1247
1%
25% Mar 29
15
May
20'A
Jan
75 Va Mar 19
59 %
May
x71%
Nov
'
13%
13%
74'A
74%
90
79
79%
114%
115
115%
15'A
16
15%
107 %
24%
\
23%
23%
'4% 'h: 5Va
23,000
24 Va
24
24 Va
.«
i-
4
4%
4 Va
4%
8%
9
9
9%
1%
1
Va
1%
1 Vs
IVb
32%
32%
32
33%
21%
22%
22
22 %
i
: i 9%
:
4
92%
92
32%
32%
22
22
22%
i
.
,
r
■i-
34%
34.
34%
;34%
34%
95
125
128
*125
93%
128
93%
93%
92%
:
109%
*125%
*51%
55
*125%
«
91
,
! 8,500
5
'1%
i 7,200
33%
% ?7,800
22'A
15,000
*56
58
90
•
22 %
23
67
67
22%
67
,128
28%
29
& 108%
109
\
240
57
r
40
-
23
67-
66%
17%;
20%
17%
*17%
■17%
*17%
21%
20%
21%
20%
5%
5%
5%
5 Va
5%
5%
■•5%
4%
4%
4 %
4%
A
; *55
4%
4%
4%
4%
64
*23
'*•'
*64
67
*24 A:
25
64 A
23 %
*22%
24%
3'A
3%
3%
3%
3%
3%
3%
3%
3%
6
5%
6
6
6%
5%
6
5%
6
•
11%
12
7%
7
*73%; 74
11%
11%
74
74
11%
.<■, 7
74
11%
11%*:
7%
7 Va
.
74 %
11%
-6%
11%
11%
7
7 %
7
*73
:>11%
11%
11%
11%
'.7Va''
6%
1
11% '
•
«
11%
23
23
23
35%
36
36
37
20%
21%
21
21%
.
*118
*49
37 Va
21%
21
51%
135
*118
50
50 V«
53
52
*52%
'
104
102
v
*98
102 Va
*97
103%
*100
•'
'
69%
69 3A
69%,
23%
23%
23'A
16%
16%
16%
*127'A
*67
69%
16%
17%
*67%
69%
25%
24
69 Va
26 Vs
25%
17
17V»
26%
17
129
51
•
52%" v;
68
68
600
$6
40
1,200
J. 800
*
I
68
26 V
Prior
Sep
2
2
4
33% Mar
4
104%
22% Mar 31
Dec
3%
Jan
8%
Apr
4Va May
% May
Feb
Jan
,
Jan
2
Sep
20
2
23 Va
Jan
Feb
18
12% May
Mar 25
3% Mar
■
v.
30
Oct
19%
.
13% May
400
Wrigley
(Wm)
Towne
26
14,100
Yale
17
14,900
Yellow Truck &
210
11%
11%
12
12%
12%
12%
13
12%
12%
12%
12%
Feb
36 %
37%
37
37%
37 %
37%
37%
37%
36%
37%
88%
88%
88%
88%
88%
89
88%
88%
89%
89%
12'A
13
12%
13 Va
12%
13 Va
13
13%
13
13 VA
13,700
Deo
127
Jan
22
Apr
Mar
Apr
Mar 31
23
Mar 30
17%
Mar
58'A
Oct
50
Apr
July
80
93
Jan
Dec
27 VA
Feb
Dec
69%
Jan
12% July
15 V«
Dec
21% Mar 30
12
Jun
15%
Jan
5% Mar 11
3
Mar
5 Va
Nov
Apr
3%
67
8
4
1%
Va Mar 26
Mar 31
40
2
15%
3% Apr
2
1 Va
Apr"
Jan
Jan
2%
Apr
,
Jan
53
22%
May
24% Apr
Dec
1 Va
Aug
2%
Mar 30
4%
Apr
8%
Dec
7% Mar 30
3%
Sep
6%
Jan
Sep
73%
Jan
110%
6Va Mar 30
12
f
81
74% Mar 25
Oct
11% Mar 27
115
9
8
107%
Jun
23% Mar 26
8
16%
Dec
38
Jan
21 Va May
Mar 31
23% Apr
14%
2
31
Dec
21%
Jun
Oct
Jan
24
Jan
135
Mar
17
117
Nov
125
July
125
Mar
17
106
Nov
117
Mar
51% Apr
2
54
Jan
42 VA
70
27 Va Apr
13
130
1
Apr
104
Jan
Apr
62
J&n
15%
Jan
57 VA
Jan
23%
Oct
10 %
Apr
14%
Nov
111%
Jan
121 %
Dec
7%
Nov
37%
Jan
1
17% Mar 29
2
Jun
39
Mar 23
Jun
80
Mar 27
jun
44
52 % Mar 26
104
7% Jan
4
13
30
Jan
6
5
Apr
28% Jun
Jan
4
37% Apr
89% Apr
1
82
2
78
Jan
No par
9% Jan
2
13% Apr
1
7
May
No par
Youngstown Steel Door
Jan
108 %
17% Mar 30
12
19% Jan
12
1
8%
Jan
2
No par
Dec
31%
Dec
42%
2
64
Jan
32%
100% Jun
90
2
,
63 Va
57
118% Jan
Youngstown S & T
:—No par
15 %% preferred series A
100
|. 490
12
83
Aug
23
109% Mar 31
2
6
2
4
Jan
12%
_1
100
Young Spring & Wire
24,100
88 Va
Coach cl B
Apr
109
28% Mar 31
19
Jan
Jan
Jan
Jan
Mar 30
Apr
2
34% Mar 30
2
21% Jan
25
Mfg. Co
Preferred
;9,100
36%
&
No par
No par
(Del)
Jr
95
128
< 30% Jan
2
*16% Jan 20
112% Feb 15
109
Feb 24
44% Jan
9
46
Jan
9
88
Jan 15
58% Jan 4
10
pfd 4% % Conv series—100
130
16%
113%
Sep
97
5% Apr
4
Jan 15
Mar 13
Jan
9
Jan
2
Jan . 5
Jan 14
17% Jan
.*-10
(P W) CO
Wright Aeronautical
80
102 Va
129
130
1
;
52%
68
,
—
51%
*98
"
i
135-
,52%
%
10 Va
II Va Apr
Jan 27
115
100
Worthlngton P & M (Del).—No par
7 % preferred A
:
100
67# preferred B
100
Prior pfd 4% % series—
,-_100
11%
11%
pfd
Woolworth
•
25
Jan 15
9
_10
•
Woodward Iron Co__
500
;
36%
*88
No par
:
Co_
17,700
Va
27
:
preferred
Wilson-Jones
No par
:
16.900
17 Va
130
preferred-.
conv
23%
*120•,
v: 51%
•
2
8
2'A
8
4%
' " 57%
22 34
V 142
107% Apr
2
2% Jan
—5
Wisconsin El Pow 67#
*131
29
5
12
^20 % Jan
^-1
10
Motors
37%
102 Va.
26'A
17'A
<
129
129
129
128
128
128
120
50%
52%" r-'." 52
,50%
Va
A
A
Mar
5
40
22%
i.
23V«
16
Jan
2
Jan
2
Jan
2
Mar 16
Jan
7
Jan
4
2% Jan
f
20
*22%
37%
142
135
50
104
-
"
'
*131
140 t
'
51%
*22
A
120
*132
*118
52
104
38
21%
136
50
52
50
22%
37%
*131
,
130
50
135
*118
f
/
—No par
preferred-——
Wilson & Co Inc
<1,500
'
-
■r
136'
*131
136
*131
22%
37 3A
21%
:•
5
3% Jan
'
._1
36%
22%'
23
21%
23
,
No par
Spr Co
Mach Corp—
conv^ireferred—
6f#
*116
—
37
-
23
*116
*116
*116
*116
—
Jan
' 13% Jan
———1
Min
Wilcox Oil & Gas Co
'
*116
5
' 26 Ve Mar
Willys-Overland
23,200
74 %
f 73%
11%
*11'A
Prior
'4,900
7
<>
t$4
; 2,600
61,900
11%
11%
*74%:- 74 3/8
74%
Rock
280
!
Jan
No par
White Motor Co
200
'
3%
5%
11%
11%
300
White
23%
%
360
|
i—No par
preferred—
White Sewing
3%
115% Mar 30
Jan
Jan
•6,000
5%
5
8
Jan
*2,300
23%
"3%
Jan
106%
Wheeling & L Erie Ry Co—100
52
5% % conv preferred
100 v
85
Wheeling Steel Corp
No par
'
18
$5 conv prior pref
—No par
' '58%
White Dental Mfg (The S S)——20
"15
21,400
24%
May
19
31
5%'
64
-
Jan
102
Mar
V" 81
120
4'A
4 %~
24%
<
.
21%
;■■■■ 5%
4%
24%
62
61
58
58
:
]
21%'
17%
20%
$4.50
6,200
22%
-
93
80
50
50
Westvaco Chlor Prod—
160
17% -17%
17%
1,00a
'
•'<
*66% " 67
66 %'
21%
.
•'
90
22%
v;'-
'22%
22%
67
v
90
80S
5%
58
*22%
i
!
57
17%.
5%
4%
59
22%
f
Weston
: 1,500
109%
Va
Jan
Apr
2
Elec" Instrument—-—12.50
Westinghouse El & Mfg
1st preferred
—
180
|
*28 Va
33%
20%
:
100
Jan
36
41
"19
> 2%
5%
14
26%
15%
preferred—100
Western Union Telegraph100
Westingliouse Air Brake
-No par
'7,300
93 Va
92%
!
90
67
17%
2d preferred...
4%
91
104
17
'
33%
*57
90
21%
*56%
* 108
93
67
20
10
—100
Western Pacific 6 Ve
128
34
28%
.
.56
21%
5%
28%
109%
56
67
19%
28%
109 »A
*88
21
*17
28%
109%
55
*88
i
Western
Supply Co„
Maryland
Apr
Apr
34
Mar
v
10% Not
7V'a Aug
Mar 10
91
Jan
100
57
pfdJA^lOO f i l09
No par
11%
100
'103
Auto
21%
-
'
129
34
34%
93
55
"88
Western
78
4
4
„„
32%
94 %
94
94%
129
33%
34%
,
109%
109%
109
109%
28
28
27%
27 %
27%
preferred—
11 Va
1
'
:
*6%
<•
Pulp & Pap Co
14% Mar 25
4
67% Jan
■
-
124% 125
West Va
10
[4,800
9 Va
21%
21%
21%
107%
4%
1%
i"
107%
5107
16
—
twest Penn Pr Co 4%%
210
1,600
8% Jan
50Va Jan
100
preferred
i4
107%
8%
33%
1
6%
"
_1
No par
preferred
107 Va
*106%
4
32
3 2'A
100
3
115
Indies Sugar Corp
7%
270
1
.4
79
114%
160
-15%
24 Va
lie
7
1
'
31%
West Penn El class A
115%
9
8%
I
78%
-i-'y-
4%
V
4
8%
1
V
%
4
West
76
90
f
15%
25
:
15%,"i 15%
15%
107%
24%
25
79
115 i
115% :
.115%
16
*106%
107%'
*106%
24^4
79
79%;:
14.100
-
'W
13
77
91
13%
76
90
13%
13%
77
*90
90'A
79 %
115%
:
14
•77 «A:
a90%
90
24%
4
13%
77
79%
*106%
8%
14%
76%
91
15%
15%
\-
90
.
80
114
114
75
79%
90
89
*78%
13%"
75%
..14%.
13%
74%
.
Mar 31
87
Oct
12%
Jan
20
Dec
Z
28%
28%
28'A
23 %
29 %
29 Va
29 Va
29%
29%
30 Va
3'A
3%
3'A
3 %
3%
3%
3%
3%
3%
3%
•Bid
and asked prices;
reduced from
100
to
no
sales on this day.
X In
receivership,
a
29
29%
Deferred delivery,
n
Zenith Radio Corp
7,000
3%
31,600
3%
New
Stock.!
r
Cash sale,
s
Special sales,
x
Number of
2, 1943
Saturday
Monday
—
——
—
'——
—
-
—-
and Miscel.
Bonds
798,030
1,999,260
1,938,040
1,540,290
1,741,960
' 1,659,140
9,676,720
;
Bond
Bonds
Bonds
•
1
"$638,000
17,021.800
1,218,000
13,000
16.914,300
918.000
Week'Ended April 2, 1943
$5,000 "$10,095,700
600,000
15,000
7,000
21,212.000
521,000
9,000
15,953.000
$92,796,000
$4,490,000
Wednesday
9.676,720
1943
V
I
;
'
8.
Stocks—-No. of
$7i6,150
Foreign
Railroad
&
industrial
Total.
$74,500
1,915,000
92,796,000
39,642.500
$3,009,500
'V
■
1943
■■■-
Domestic
Foreign government-
35,286,500
35,424,000
619,740.100
$41,632,000 $1,090,104,450
$97,335,000
:
■
$658,173,600
$635,000
1,206.000
1,285,000
1,022,000
1,442,000
9,000
19,000
3,000
2.000 V
$162,000
1,210,000
$6,800,000
$38,000
Jan. 1 to Apr. 2
1943 '
1942
„
'
1942
17,828,617
279,225
5,404,035
$6,600,000
"•
''
$3,357,000
$58,612,000
$49,671,000
162,000
38,000
21,000
47,000
2,629,000
131,000
972,000
344.000
$6,800,000
$3,425,000
$61,372,000
$50,987,000
Bonds
'
1,054.101,800
V
14,000
Week Ended Apr. 2
"
shares..1,913,700
30,166,2134
.
$49,000
4.490,000
Government
'
»
Bonds
XJ.
:
'
$5,000
$27,000
29.000
3,000
9,000
80,000
,
A
Total
Corporate
'
82,943,354
1,293,310
.'$6,600,000
—
—
Total—
1942
,
1,194,000
1,913,700
—'
—
Thursday
Jan. 1 to Apr. 2
•>.
1942
345.310
-
:.v.:
shares
Exchange
Government
$603,000
1,177,000
1,273,000
994,000
1,359,000
-
-
Friday——
$97,335,300
$49,000
-
168,670
375,555
376,905
328,870
318,390
—
Monday-
Tuesday
13,989.500
595,000
15,423,000
Domestic
-
Saturday-
17,832,300
13,374,500
Shares)
•
1
18,252.800
20,610,000
Week Ended Apr. 2
of
t Unit of trading
Bonds (Par Value)
Foreign
Foreign
(Number
of
Sales
$9,452,700
1943
Stocks—No.
II Called for redemption,
Jan
Stocks
Foreign
Total
Government
Railroad
Shares
Total
2%
Daily, Weekly and Yearly
United States
Stocks,
:
Ex-rights.
y
Feb
1 Va Muy
3% Mar 30
Transactions at the New York Curb
:
<
Daily, Weekly and Yearly
Tuesday
Wednesday
Thursday
Friday
Ex-dividends,
30'A Apr
10 shares.,
Transactions at the New York Stock Exchange
Week Ended April
2
1
Zonite Products Corp„.
Foreign corporate
Total--.
-
-
-
-
-
'•
—
''"V'T
-
'
Stock and Bond Averages
Below
listed
on
are
the
daily closing averages of representative stocks and bonds
the New York Stock Exchange as compiled by Dow, Jones &
-Stocks-
Co.:
-Bonds10
30
20
"
Indus-
trials
Date-
March
27-
March
29
•-
.
._
30
March
31——
._
-
April
April
2
Total
Rail¬
Utili¬
roads
ties
Stocks
65
10
10
First
Second
Indus¬
Grade
Grade
Utili¬
40
trials
Rails
Ralls
ties
Bonds
134.56
33.00
17.91
45.67
106.93
10
99.25
63.75
110.54
110.49
Total
•95.12
95.31
136.10
March
1
15
•
...
._
33.79
18.00
46.29
107.00
99.41
64.32
'136.82
33.88
18.35
46.57
106:98
99.38
64.65
110.61
95.41
136.57
34.08
18.28
46.56
106.95
S9.55
64.84
110.55
'95.48
136.56
34.83
18.26
46.79
107.07
99.84
65.15
110.61
95.67
135.67
34.78
18.47
46.61
106.97
99.82
65,11
110.46
95.55
A
THE COMMERCIAL & FINANCIAL CHRONICLE
1248
Bond Record
New York Stock
«»
FRIDAY
The italic letters in the column beaded "Interest Feriod" Indicate In each
;
:
bonds
New York
Stock
Friday
i
,
Interest
Exchange
Feriod
Week Ended April 2
Last
1944-1954
1946-1956
1943-1947
1943-1945
1944-1946
—1946-1949
1949-1952
1946-1948
1951-1955
1955-1960
1945-1947
1948-1951
1951-1954
Treasury 4s
3%s
Treasury
Treasury 3%s
3%s
3%s
Treasury 3Vis
Treasury 3Vis
«ry
Trea ury
Treasury 3s
Treasury 3s
Treasury
2%s
Treasury
2%s
Treasury 2%s
2%s
2%s
Treasury
Treasury
:_1956-1959
!
1958-1963
—1960-1965
Treasury 2Vis
1945
Treasury 2Vis
1948
Treasury 2Vis
1949-1953
Treasury 2Vis
—1950-1952
Treasury 2Vis
1952-1954
Treasury 2Vis
1956-1958
Treasury 2Vis
;—1962-1967
Treasury 2Vis
1963-1968
Treasury 2 Vis
1967-1972
Treasury 2Vis
1951-1953
Treasury 2 Vis
1952-1955
Treasury 2Vis—_—
.—1954-1956
Treasury 2s————-1947
Treasury 2s
Mar 15 1948-1950
Treasury 2s
Dec 15 1948-1950
Treasury 2s
Jun 15 1949-1951
Treasury 2s
Sept 15 1949-1951
Treasury 2s
Dec. 15, 1949-1951
Treasury 2s
-—-1950-1952
Treasury 2s
1951-1955
Treasury 2s
1953-1955
Treasury l%s
June 15 1948
Federal Farm Mortgage Corp—
2%s
Treasury 2%s
Treasury
Week's Range
or Friday's
Low
A-O
4Vis------------i--1947-1952
Treasury
5
Sale Price Bid & Asked
U. S. Government
1
WEEKLY
-
Exchange
YEARLY
■
NOTICE—Prices are "and Interest"—except for income, and defaulted bonds.. Cash and deferred
delivery sales are disregarded In the week's range, unless they are the only. transactions of
week, 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
Tret
Monday, April 5, 1943
*105.7
M-a
*100.19
—
High
105.8
100.20
„
*106.9
—
f
M-S
100.9
M-S
106.11
*110.6
:
—
110.8
110.9
a 6s
1
A
101.31
J-D
107.2
108.11
...1961
a 6s
'
107.10
,
A
i960
M-S
22%
23
J-D
'C:*7. :
20
1961
A-0
61
61
18
Jan
1961
J-J
60%
61
13
46%
28
103.24
103.22
J-D
100.6
100.5
—
100.7
15
1
*104.30 104.5
J-J
„
*101.14 101.16
J-D
*105.9
—
__
*103.31 104.1
—
J-D
M-S
—
.
100.23
100.5
100.21
A Costa
104.30
101.25
external
—
wks
7s_;
*100.8
100.10
*100.7
100.9
*103.10103.12
*100.16 100.18
—
100.12
100.9
47
54
35
40
54
m-N
44%
52
67
39
52
26%
16
M-N
M-S
F-A
J-J
J-D
A-O
*
A_1951
.—1945-1947
series M
York
New
*103'%
1952
A-0
1942
J- J
,
—1955
F-A
;
1962
A-O
1967
M-S
1949
J-D
7s
(Republic) extl 6s
Republic 7s stamped
7s unstflmpRd
...
,,
,,
's part paid——————1964
A 6s
part paid—
(Republic) s f 6s series A
Helsingfors (City) extl 6'/2s
1968
Haiti
art
Irish Free State extl
active interest in
1952
:
Broadway,
23
sink fund
T eletype
New York
NY
*99
AGtd sink fund 6s.
—1948
50
1968
18%
f
7s series B
1945
44
AExternal
s
*18
18%
15%
18'/a
1945
18%
18%
16
18%
18%
15%
s
f
19
15%
1957
*18
18
16
f
s
J-D
18%
18
1
18%
4
15%
18'A
85
4
82%
85
19
16
17%
47
48
42%
50
98%
98%
96%
98%
f
S
f extl
eonv
S
f extl
conv
conv
Australia
1971
87%
88
84%
—1959
-
1972
79%
81%
78%
85
M-N
loan 4s Apr
1972
80
81
79
5s of '25-1955
86%
87'A
82
11%
86%
87%
83%
79
91
96%
97%
96%
98
External g 4%s of
1928————1956
external 6%s——
Belgium
External
External
s
83
1949
f 6s
s
f 7s———
j A Brazil (U S of)
97
*-1955
external 8s
s
f 6%s of 1926
s
f 6%s of 1927
1957
A 7s
A 6s
s
Refunding
3%
s
Canada
s
88'A
*89
48'A
3£%
48'A
91
87
91%
88'A
83
89 Va
92%
87
93
71
71%
68%
73~%
71
71
69%
72%
74
75
70
75
75 Va
76
71%
78
1984
30-yr 4s
*55%
57
48%
58
1960
108
108%
11%
793
l2Va
14%
105
27%
29
31
18%
28
28%
21
18%
28%
89%
89 Va
i
J-J
1956
90 ;
—1965
F-A
1970
J-D
1955
A-0
(Rep) extl s f 5s ser A.1963
M-N
f 5s
s
85 Va
A-0
16
16
A Stabilization loan s f 7s
de
Janeiro
(City of)
14
16%
10
15
20 »A
J-J
16%
14
16%
67
12%
16%
27
28
17%
28
*25
27
8s
J-D
M-N
28%
27
d28'A
53
18%
27
25%
27%
93
16V4
27%
30
31
25
20
31
26'A
27%
49
17
27%
28
28
1
18
28
17%
27%
73%
79 VJ
1946
A-0
1968
J-D
1952
1957
loan
s
(State)
f
8s
1958
101
100%
101%
77%
M-N
32
29%
32
M-N
30%
29'A
30%
51
J-J
51
J-J
*42
of)
A4'/2s assented
footnotes
see
25%
25%
AExternal sink fund 6s__
26%
33/4S-4-4'/2s
24%
25%
24%
Jan
1961
26%
26%
Jan
1961
page
1961
1252.
6s
18%
20%
25%
1961
AExternal sink fund
25%
1961
Sep
26
extl 8s
26%
1961
Sep
f 5 Vis
AUruguay (Republic)
20'A
18%
25%
External
25%
External
25%
18%
25%
3%-4'/a-4.ft
26'A
20
26%
4.41/4.41/28 extl readjustment
3'/28 extl readjustment
24%
25%
24%
25%
18%
25%
20%
*26
23%
18%
25%
AWarsaw
13
16%
16%;
5
42%
29 Va
42'/a
29%
41%
62
67%
47
10
16%
28
11
16'A
14
M-N
16%
M-N
16%
1958
J-D
*11
15%
J-D
*11
16%
F-A
*88%
89 Va
1946
F-A
12'A
84
*
11%
.
M-N
M-N
1979
M-N
67%
67%
70
1979
M-N
67%
67%
67%
1978
J-D
68
65
68
1978
F-A
69%
68'/a
69%
:v;
79
Va
•
*79'A
-.'u
'■
12
85
90
84
•
1
1960
—
■5-'-
84
1964
-
;■
84
78
—
78
85%
a.-
85%
64
72 VA
($ bonds of 1937)—
20%
*26
66 Vs
1955
7s
26'A
Feb
6s
s
42%
41%
65%
30%
51
32
42
.
32
17%
41
44%
41
41 Va
18%
32
:
1958
extl
5
44
1962
1962
extl
24%
Feb
assented
sec
79 Va
(Kingdom) —
external
(Prov
Sydney (City)
1960
7s
„'.'V'•
79%
1950
Serbs Croats & Slovenes
15
f 6s
*28
A-0
Jan
s
27
1936
external
f
28%
A-0
(City of Brazil) 8s
s
96
F-A
sink fund gold
A6'/2s extl secured
§ A Secured
90%
1946
M-S
A 8s
25
35%
3
93
--—1953
1964
Paulo
17%
30
(State of)—
Santa Fe external sink fund 4s
3s
assented
AExtl sinking fund
92%
M-N
Paulo
:;36,>;V
*38%
•••
J-D
A Silesia
A 6s
'
■*
'•
F-A
1966
102%
ARy external
28
J-J
1967
A Sao
23
27
A7s
5 A San
23
16%
A7s external loan of 1926
101%
6s
*23'/a
A-O
20%
A8s extl loan of 1921
municipal
■
14'A
1966
6'/2S——
sec
'/■■■■
17
AExternal loan 7'/2s
A Extl
...
20%
APrague (City of Greater) 7Vis
1952
Queensland (State) extl 6s
—1947
ARio
17%
J-J
Aporto Alegre (City of) 8s——1961
Rio Grande do Sul
A-0
—'•
*15%
——1963
A4%s assented--——
;
102'A 102%
"for
1968
v'•'
19%
..1950
AExternal sink fund gold 8s
1953
A6s
1947
A4'/2s assented
*15 VB
v
A-O
M-S
26
25%
>
gold 6s
1940
A4VsS assented—-—-——1958
JAPoland (Rep of)
,
J-J
26
14%
36
18%
15
;
25%
18%
Jan
assented
24%
19%
13
3s
sinking fund
25
68
1940
25
80'A
18%
1968
1942
75
♦102% 106
■'
■
70
73
18
secured
A 6s
\y
;
73
"1
43
78
80
18
1956
1960
72%
78
79 Va
A-0
series B
A Extl
*77'/a
79%
84%
85'A
76
1961
s
extl water loan
1942
172
f 6s 2d ser
ANat Loan extl
A7s
f 7s
71
.
A-:...
12Va
A8s
s
I
77
135/a
101
External
85'A
95
102%
assented
86'A
80%
335
101%
AExternal sinking fund 6s
a 6s assented
94
77%
2
"
18%
108'/a
*10%
84%
19%
extl dollar loan
1954
85%
3
.v"
86 %
18
102%
8s
101%
19'A
102
(City)
92
101
100%
'V
18%
f 6s 1st
s
7s
101%
82%
100'A
2
93%
*70 Va
M-S
M-S
6
3
84'%
M-S
1947
_1959
89%
101
J-D
1948
(Rep)
—1967
7s
A 6s
101%
64
93
1960
107%
97%
1
86
M-N
A
100'A 101
29
84
90
93%
v:
J-D
103%
100% 100 Va
14%
ser
15
A 7s
1963
1994
to
external 7s
ANat loan extl
Jan
AChile
ext
(State of)
(Rep of)
2>/2S
A Carlsbad
89%
xfA
A-0
1963
'M
M-S
4'/iS
loan
101%
100%
14%
11%
82%
—•
101% 101%
101%
100%
9
11%
__
101
100%
1968
12%
—
F-A
100% 100%
97% 100%
3s
___
F-A
100% 100%
30-year
•
A-0
100% 100%
1967
-
*3'/a
F-A
103'A 103%
3s
11%
14%
J-J
1961
30-year
9
■
11%
J-D
1945
2%s
I® w
11%
10
1944
3%s
10Va
14%
4'/2s
A 6s external
•80
-1975
f $ bonds
2%s
10-year
48%
47 Va
1
7-year
34
1976
1976
f 4'/4-4'/2s
(Dora of)
25-year
48 Va
99%
1961
f 4%-4%s
external
48%
97
1977
External readj 4%-4%s
External
51
34
*88
1950
f 4'A-4%s
s
36%
48
47%
.-1958
stamped
External
50%
d47
1952
1957
(Central Ry)
(City) s f 5s—,
Sinking fund gold 5s
Sinking fund gold 6s
Buenos Aires (Province of)—
Brisbane
99%
49 Va
1957
AExternal
97
*98%
1941
AExternal
83%
*97%
1955
85
13%
10%
fund
extl
Ext sec ref 3'/2s series B_
94
1927
15%
*5%
1958
(City) sink fund 4%s
APeru
94
1957
of
5s
t
Q-J
fund
APernambuco
81%
(Commonw'lth)
External
70
Q-J
.1943
AStamped assented 5s
81%
4%s
'A
—1944
-
Stamp mod 3'As
88%
loan 4s Feb
loan
62%
85
'
J-D
1957
5s
fund
A Panama
18%
*18
AAntwerp (City) external 5s_
1958
Argentine (National Government)—
S f external 4%s—.-1948
v
.
Municipal Bank extl
Oslo
18
18%
series—1957
S
75'A
11
18%
series
22%
15%
♦90
*80
4s sink
18%
1945
1st
23
12
(State)—
f 5s
s
sink
18%
7s series C
f 7s 3rd
15'A
68%
•64%
:
M-N
—
South Wales
sink
50
15%
f
7s
62
197
15%
■
*85'%
External
46
18%
f 7s series D
s
99
100
15%
28%
External
50
s
sec
65
75%
J-D
6s
s
AExternal
22 Va
M-S
External
AExternal
AExternal sec s f 7s 2d series—1957
23
15
1952
7s
Norway external 6s__
AExternal
AExternal
27%
187/a
18Va
—
97
15%
1959
s
(City)
50
*65%
1945
85
'
76Va
v.
^
100
f 6'/2s
External
*43
(King of Norway) 4s
AAntioquia (Dept) coll 7s A_
22 Va
22%
A-0
1
1
A—.
100
Wm'-s
ill
Ik-
95
'
29
ASec external
(Colombia)—*
Akershus
72
•jV
28
95
M-S
External
1947
23%
*25%
95
1958
AMontevideo
1-1693
Municipal
6s
'/2
(State)—
A6s series A
AGtd
85
20
:»rA:
72
72
90%
A Sec external s f 6%s
New
Agricultural Mtge Bank
72
A-O
AAssenting 4s of 1910
1945
5 ATreasury 6s of 1913 assent—1933
Minas Geraes
Members New York Stock Exchange
&
85
:.V
—
A-O
Ad %s stamped assented———
.1943
extl 5s of 1899 £—1945
AAssenting 5s of 1899
1945
AAssenting 4s of 1904
1954
WERTHEIM & CO.
Govt.
69%
■
7/a
Mexican Irrigation-
Foreign Securities
Foreign
57
M-N
AMexico (US)
120
42%
1960
(Colombia) 6'/2s
1954
Mendoza (Prov) 4s readjusted—-—1954
and other
2-2300
59
1960
7s
AMedellln
South American
Telephone
60
57
1957
f 5s
s
AJugoslavla (State Mtge Bk)
REctor
45
:%
1949
,
66
29
108
*81
-V.
J-J
1945
■
J-J
(Republic of)
35%
47%
49
A-0
dep
38 Va
30%
60
A-O
of
120'/«
38 Va
%
•84
ctfs
86'%
106%
120%
54
M-S
8s
103
107
66%
1961
Salvador
26 »4
101'/a
56%
Greek Government¬
We maintain
72%
*84
1969
Corporate Stock————1980
•
40
30%
;A-:
102%
*40%
■
2%
i
210
32
105%
*81
Finland
Transit Unification. Issue—
86 %
fund 5'/2s_——1940
1948
:
*
84%
M-S
AEstonla
City
V-v-.r
*106'%
A-0
A El
J-D
19
100%
~~
.
120
French
l%s
30%
25 %
J-D
'
30%
*101 Va
1945
ser
:f
*100%
F-A
1940
sink
,
M-N
48%
*30%
1949
Customs Admin 5'/2s 2d series
1944-1949
3s
Home Owners' Loan Corp—*
3s series A
—->—1944-1952
38%
F-A
1942
§A2d series
100.16
61
J-D
1977
lADominican Rep Cust Ad 5'/2s
§ A 1st series 5'/2s of 1926
100.12
'103.16 103.16
61
45%
1953
5'/2S
rV
-7
*30%
__
—
V
V/ 52
52
■
*30%
1949
External gold 4'/2s
„
''
16%
■
M-N
5'/2s 1st series.—-—-1969
—
J-D
20
A-O
5'/2s 2d series
J-D V
J-D
18'/a
23
A-0
1944
—
'
21
24 Va
17%
'
'
•
1951
(Rep of) 8s
18%
17%
37
1953
ASinking fund 8s series B
5 A Denmark 20-year extl 6s
External, gold 5'/2s
100.28
100.15
15
i-v. :y
24%
1952
__
100.28
100.15
V;-
23%
1947
debt
A Czechoslovakia
:
—
Public
—
1944-1964
3Vis
(Rep of)
:
•
'
"
1946
(Republic of) 5s of 1904
External 5s of 1914 series A
External loan 4'/2s
104.30
101.25
Rica
"
.-1970
Cuba
100.16 100.31
A
*100,11 100.13
—
100.13
—
*100.14100.16
—
103.24
'
23%
—1947
—
*100.18 100.20
M-S
bonds——
Mtge Bank 6'/28
ASinking fund 7s of 1926_;
ASinking fund 7s of 1927—
Copenhagen (City) 5s
25-year gold 4!4s—_
Sinking fund 5%s
*101.15101.17
J-J
1927—
—
♦103.31 104.1
M-S
1928
of
4'As
105.11
J-D
J-D
—
100.16 100.16
__
103.24
4
■
*100.10 100.12
M-S
of
A Colombia
106.6
—
103.24
J-D
106
17
—
Oct
A6s
109.8
20
1
1931
(Hukuang Ry) 5s
(Republic of)—
——
3
*103.20
24
21
v
45
Chinese
Colombia
108.23
3s external s f $
106.6
M-S
23 Vi
:
M-S
Munic 7s.
>
24
:i
24%
i960
A6s
*106.18 106.20
J-D
108.26
2
__
M-S
24%
25 Vi
25
17%
40
A»o
A Chilean Cons
*106.15 106.17
106.6
24 VB
24%
18%
19%
AT-N
assented
24'/a
44
M-N
A 6s
——
108.21
M-S
24
23%
;
25 Vi;
25
1962
AGuaranteed sink fund 6s
108.15 108.15
109.4
M-S
24%
1961
104.26
25%
25%
—
1962
110.11
109.17
107.6
„
104.3
J-D
assented—
•-
"
A-0
High
18%
48
23 Vi
'
'
: Low
20'/3
25%
25,
J-D
t-
*104.1
25
•—
J-D
A-
J-D
J-D
A6%s assented...
.—-—--1961
AGuaranteed sink fund 6s
—1961
*108.23 108.25
109.4
j-n
January 1
No.
24%
24
«
Range Since
Sold
■
*26
M-N
1957
ASinking fund 6%s_
104.10
—
J-D
1963
106.30
*108.22108.24
r-»
J-D
25 %
.1957
A6%s assented
Bonds
;
High
*26
—
M-N
105.28
109.9
5
*108.9
—
M-S
1963
110.16
110.6
5
—
*107
—
A'O
106.13
.
Friday's
or
A7s assented
110.9
104.10 104.10
M-S
«_.„„1962
—
A-O
Chile Mortgage Bank 6'/as
103.3
'
M-S
assented
.>.1962
105.28
—
Week's Range
Last
Sale Price Bid & Asked
Low
110.13
—
'
105.28 105.28
Friday
AExternal sinking fund 6s
A 6s assented
100.26
101.24
102.22
*109.20109.22
—
;
106.3
100.26
—
—
J-D
(Rep) (Continued)—
a External sinking fund 6s
—7*
*102.20 102.21
Period
A Chile
114.1
105.20
—
Interest
Week Ended April £
..
High
113.12
5
*101.13101.15
J-D
BONDS
New York Stock Exchange
January 1 ;
Low
A-O
:
.
No.
A-O
J-D
bonds mature.
Range Since
Sold
*107.23 107.25
J-D
the
,
Bonds
.
113.12113.12
J-D
the month when
case
readjustment
conversion
extl
conv
''
1984
J-J
V
*58
r
■
42
1
61%
59
•
68
66
2
67%
60
22
72
52 Va
58
'
(City)
A4Vis assented
external 7s
1958
F-A
1958
F-A
:
*11
13
V
13
12
•.;.
1 3
12
11
13%
fa
THE COMMERCIAL &
Number 4165
157
Volume
'
Interest
Last
Period
Exchange
Stock
York
New
Sale Price
Week Ended April 2
Bonds
/
Range Since
Sold
Friday's
or
/:/'■%■: New York Stock Exchange
January 1
Bid & Asked
No.
High.
Low
High
Southern
cons
mtge
J-D
1946
F-A
1943
M-N
1st
103%
109
*59
108
62
*60*-
65
'
97 Vi
A-O
*96 Vi
>
63
•••
modified
F-A
99%
J-D
97% 100
90%
r
-
..1949
;
A 5s
1950
1998
Alleghany & West 1st gtd 4s
Allied Stores Corp 4%s debs
Allis-Chalmers Mfg conv 4s
Am & Foreign Pow deb 5s
M-S
Corp
(Del) 4s B
1st sink fund 4s series C
108%
1
105%
105
105%
'7
104
105%,
A-O
108%
3-D
48
109
108% 109
M-S
111%
110% 111%
A-O
103
102% 103
M-1V
102
,
102
107%
107 %
4s of
Conv
v
100%
12
98%
10
51%
/
61
61
1st gold 5s_
Charl A L 1st 4Vis A
Atl &
1st
V
*101%
105 %
wi
L
&
4'As A
unified
General
coll gold 4s
N
Atlantic & Danville Ry 1st 4s
Second
4s
mortgage
Atl Gulf & W I SS coll
Atlantic
tr 5s
Refining deb 3s
,
49%
1945
68%
87%
39%
35
40'A
313
23%
40'/a
15%
14%
16'A
195
6'A
15%
14%
15%
410
6%
50
43%
50
1st
103% 106
103%
106
88
115%
111% 116%
96% 100%
•.
v-i V
61
95 %
2
105 '/a
1st gtd 4s__
11
105
112
*
18
112
114
14
111%
112%
109%
110
102%
103%
109 Vi
103
J-J
103%
89 %
•
88%
102%
90
103%
87%
90%
70%
69%
71
251
63
71
M-N
84%'
82%
84%
360
74%
84%
J-J
42%
39%
43%
75
32%
43%
J-J
36
34%
36
11
29%
5
100%
101%
7
104%
106
J-D
Oct 1952
1948
1948
1959
1953
105
105
M-S
/
33%
J-J
1987
18%
36
613
16%
34%
30%
32
189
16%
32
109% 109%
///:!•■ 32
J-J
1987
V
A-O
F-A
16
108%
95%
215
94%
95%
88
13
71%
70
373
55%
89
'
M-S
99%-
90
2
'83',4
98%
m
111
83
67%
69%
F-A
,
28
20
88
99 3a
24
92%
,; '87
M-N
1948
■
33
109%
g/; 94%
A-O
/;■
.
79
81%
'
v.
1962
5'As A
81%
442
34%
V.
,
34%
1987
Prod
71
36
31
36
79%
33%
81%
J-J
1987
1954
1960
110%
70
-'•/
90
100'.4
..1992
M-S
130%
130% 131%
23
130%
132
1996
M-N
105
104% 105'A
14
102'A
105%
1996
F-A
1946
J-J
*105%
J-J
;120
120
*119
120
A-O
27%
26
28
...1949
J-J
96%
96%
97%
96
96%
1st
gold 4s
cons
3Vis registered
J-J
105
36
102
106
118%
119%
115%
7
106
115'A
„
1,119
15%
28%
46
92%
98%
;/■
93%
97%
99% 100
21
96%
100%
98
98
10
97'4
99%
91%
93%
257
81
93%
75
78
253
65
78
84
86
iV-§92
73%
86
d39%
45
766
1949
i
w
105
11
V
•
'
Division
Illinois
4s
•/
1949
4s
ref
&
99%
:
93%
F-A
77
1971
Chicago & Eastern 111 RR—
A Gen mtge Inc
(conv)
M-S
1977
series A
5s
F-A
86
■J-j'V:;'
1997
1982
Chicago & Erie 1st gold 5s
J
'•
.
1958
1st & ref 4%s series B
1st
J-J
..1949
registered..^..
General 4s
•'
41'4
M-N
*120% 122
—
118
65
45
121%
72%
40%
43
JAChic Ind & Louisville ref 6s A..1947
43%
43
43%
ARefunding gold 5s series B
1947
1947
A 1st & gen 5s series A
1966
A 1st & gen 6s series B
May 1966
Chicago Ind & Sou 50-year 4s
1956
J-J
42'4
39%
42'4
ARefunding 4s series C
J-J
38%
38%
40
75'4
38'4
45%
31'4
44
56
74'4
43
J-J
12
31'4
43
27
73%
J-J
66
147
J-J
29%
40
12%
100
J-J
12%
11%
12%
58
6%
J-J
82
80%
82
16
66%
82
M-N
11
11%
Paul—
^Chicago Milwaukee & St
32
—
Chicago Gt West 1st 4s series A—1988
A Gen inc mtge 4%s
2038
i
101% 101%
J-J
20
110%
112
*111
"
/
___1961
.
M-S
■:/: /. 73
50
impt mtge 3Vis D
101
146
*103% 104 %
J-J
16>/4
15%
35
impt M 3%s series E...
108%
111% 112%
3-D
./:■•//
A-O
§ACenlral RR & Bank'g of Ga 5s__1942
108%
112% 112%
M-3
39
.
33%
31
> : v 33
:
1989
2d consol gold 4s
.......
1989
A Chicago & Alton RR ref 3s
1949
Chicago Burlington & Quincy RR—
*101%
J-J
•
J-J
I960
Potts Creek Br 1st 4s
108% 108%
108%
J-D
*.1946
registered
R & A Div
108% 108%
J-D
A-O
gold 4s__1951
gold 5s—:
:
A-o
Ref &
100% 100%
100%
3-D
M-N
■
Ref &
•!
62
46
105%
*100% 100%
M-N
July 1952
——1964
1st cons 4s
115
115%
Nov
1944
series B
30-year 5s
Atlantic Coast
30%
170
General gold 4%s__
70
105% 106
1946
1944
1st & ref 4'/2S A
Cal-Ariz
Atl Knox & Nor
50
87%
4s
Certain-teed
61%
67%
105%
1960
49%/ ,/
84%
Through Short L 1st gtd 4s
Guaranteed gold 5s
102%
60
105%
1958
1962
1st 4s
47%
registered
4s
103%
67
F-A
J-D
1910
Trans-Con Short L
102%
87%
•
Chesapeake 81 Ohio Ry—
111%
76
102%
J-J
A-C
1905
gold 4s of
Conv
54%
103%
98
49
Central N Y Power 3%s_—
-
109
107
330
60
..
M-S
1955
Adjustment gold 4s
48
102%
/:. 11'
102%
F-A
=
108%
27
108% 108%
Atchison Topeka & Santa Fe—
Stamped 4s
Conv gold 4s of 1909
102
33
103% 103%
102'/a
J-D
5s series C—a-1-1959
Div
AGeneral
78% V'85%
104
-1995
1995
1995
1955
104%
-1948
Illinois division 3Vis
General 4s——.—*,—
101
5
110
■
103%
J-J
75
108%
'
Central Pacific 1st ref gtd gold 4s_1949
-
.—1955
(Del) .1957
*56
F-A
/■-/■
High
62
10
.
JACentral of N J gen gold 5s
;
105%
11
Q-J
& Co
68
■'
218
83%
Jan
Armour
108%
62
102%
■
23
M-N
1967
—1995
Memphis Ry Edge & Term 5s 1964
•
Nov
New Eng
JACent
-
85%
AAnglo-Chilean Nitrate deb.:
./,
mtge 5s
5s
73%
107
35
*
<
104% 105%
JAnn Arbor 1st gold 4s
Ark &
>
'•
/
81
•
J-J
5'/2S
conv
"
J-D
§AConsol gold 5s
:&w-a--U945
/. A Ref & gen 5'As series B
1959
A Mobile
90%
53%
70%
108
85%
M-3
1949
American Telephone
Telegraph Co.—
3 % s debentures
1961
3%s debentures
1966
3s conv debentures
1956
Amer Tobacco Co deb 3s
1962
Am Wat Wks & Elec 6s series A—1975
Internat
Am
104% 104%
1962
i.AChatt Div pur money
100
.
60%.
96
102% 103
•
.70 /
58
73 %
*60
F-A
—1949
5'/as
G Chem conv
I
Amcr
.
d69%
A-O
1951
1952
-2030
M-N
85
Low
_\
108% 109
1981
Central Illinois Light SVis-
so%
137
81
76
73%
A-O
income
*73
M-S
v
ARef & gen
y
r.
1,363
>
90%
86%
81
4-0
1950
modified—
5s
J-J
January 1
No\
High
1
■h'y
modified-.—
Low
.
Range Since
Sold
97
93%
:
Alleghany Corp—
5s
'
98
94%
;
13
98
/
i
63%
{S&
A-O
5s
•'
Bonds
Friday's
or
Bid & Asked
__1947
w
^Central of Georgia Ry—
109%
62
20
109
>
1946
102%
102%
4
102% 102%
A-O
assented
warrants
Last
Sale Price
1950
:ACent Branch U P'1st gold 4s
A 1st
___1948
with
3'/2s registered
/'
•;
•
'
Albany & Susquehanna RR 3%s—1946
6s
105
Corp 3'As debs
4'As w
-_,
1965
gtd gold 4s
Celotex Corp deb
;
A-O
1948
Albany Perfor Wrap Pap 6s—
1st
Celanese
102
103% 104
103%
J-J
.1972
3%s
mtge
Cart & Adir
102%
3-D
1967
5s
3%s ser A„_
Power
62 %
48%
102
__
* "
1949
Corp 5s w w
102
—
:
Interest
:
Period
'
^»
|
Ohio 4s
&
& Gen
Carriers
3-D
1943
A
cons
*1027/8
•102
10
62'/2
62 %
M-S
B
4s series
1st
1st
Alabama
1st
J-D
1947
10-year deb 4%s stamped
Gt
Clinch
71 Vi
70 Vi
J-D
1953
1948
tr gold 4s
'•
-
t§ACarolina Central 1st gtd 4s
1953
Coll trust 4s of 1907——
Ala
s'
Carolina
AStamped
Adams Express coll
k
'i*
Railroad and Industrial Companies
JAbitibi Power & Paper—
§A5s series A unstamped..
%
Week Ended April Z
/
Low
1249
BONDS
Week's Range
Friday
.BONDS
'
FINANCIAL CHRONICLE
6%
13%
13%
A Gen
B
Baltimore
_
59'.4
75 Vi
A-O
74
72%
75%
Stamped modified bonds— •;
•; 1st
mtge gold
(int at 4% to
Oct 1 1946)
due
July 1948
Ref & gen ser A (int at 1% to
Dec 1 1946)
due
—1995
A-O
77
74%
77%
i|o,;
60%
379
32%
Ref
&
to Dec
46%
J-D
45%
,
46%
50%
52%
J-D
55
44'4
60%
J-J
59%
57'4
59%
219
45
60
May 11989
J-J
59
57%
59
45'4
60
1975
F-A
29'4
Jan 1 2000
A-O
8%
AGen 4%s series F
j.
45%
•
46%
35%
46%
235
32%
46%
32%
46 %
24%
36
M-S
46%
45%
46%
35%
34%
36
963
66
M-N
63%
/
51%
530
66'A
J-J
55%
55
57
58%
57 'A
59
57
46
28
' :
66%
40%
181
J-J
J-J
73
75
59
59%
16
75
29
*46%
J-D
>
75
73'A
75
J-J
1951
75
4 5'A
82%
49%
49%
50
M-N
58%
57
58%
J-D
J-D
J-D
M-N
34%
32%
34%
280
23%
34%
34
32%
34%
423
22%
34%
34%
32%
34%
297
23
34%
8%
1,444
/:/ 4
1st
Railways
J A Chic R I & Pac Ry gen 4s
ACertificates of deposit
1988
J-J
47%
87'A
1934
1952
1960
A-O
M-S
M-N
1951
J-D
1951
J-D
Memphis Div 1st gold 4s
1951
Chic T H & Southeastern 1st 5s___1960
J-D
AConv
J-J
99%
103%
99%
105
105%
12
101 % 101%
101%
20
100%
101'A
104%
10
102'A
J-D
*103
103
103
.1950
F-A
*102% 103%
102%
102%
.1955
M-N
.1961
A-O
.1960
"
88%
M-S
— —
85
*96% 100
'
78
_
88%
92%
33
83%
96%
80
82'A
198
73%
82%
49'A
53%
656
39%
53%
F-A
36%
37
7
23%
37
.1966
M-N
22
108%
F-A
.1945
guaranteed 5s
ACertificates of deposit
Income
Buffalo
37*
(interest
modified
to
J-D
83%
99
112
.
110%
/
45%
18%
19%
A-O
86
86
68
69%
85'A
233
85%
1952
1955
1960
5s gtd
'■;/
;
69
A-O
35%
11%
27
:
90%
110%
45%
1952
National
1966
gtd 5s A—1962
Guaranteed
gold
5s
1957
—July 1969
Guaranteed
gold
5s
.--—Oct
gold 4Vis
Guaranteed gold 5s
Cin
Union
1st
mtge
Cleve Cin Chic & St
Guaranteed
gold
Guaranteed
gold
Guaranteed
gold
19%
58
69%
Pac Ry
4%
I
J-D
F-A
•
/.
85%
108'A
109
113%
115%
114
114%
114%
112% 112%-
,112%
111%
111
111%
J-J
113
113
113
deb stk perpetual.—
J-J
Wab fe M Div
E
1st 4s_
1st coll tr gold 4s
Cleveland Elec Ilium 3s
Cleveland & Pittsburgh RR—
Series C 3%s gtd
Series D 3'As gtd
General 4'As series A
&
ref 4'As series
Short Line
M-S
J-J
104'A 104'A
1954
J-D
100
Collateral
1960
J-J
For
trust
footnotes
4Vis
see
page
1252.
100%
96
.
95%
100'A.
96
19
I..
>.
B
1st gtd
gtd
48%
19
29
29
30%
317
20%
31
9%
356
4%
8%
70%
Iron 5s inc mtge
1970
1955
Mackay Corp—
deb w w
Apr 1 1969
May
Debenture
111%
Columbus
113%
Columbus &
82%
100'A
102%
104%
105
91
100%
96
-
deposit
E deb 5s
5s___
Columbus & H V
95%
M-N
F-A
F-A
J-J
A-O
A-O
A-O
A-O
J-D
A-O
M-N
/A-O
J-J
A-O
M-S
F-A
G &
112%
19
1948
1950
1977
1981
1961
1972
1973
1977
1945
..1970
May 1952
—Apr 15 1952
1961
of
ACertificates
Columbia
Debenture 5s_.
24
J-D
J-J
J-J
M-N
J-J
M-N
110'A
-
J-D
—1993
1993
1977
1991
1990
1970
1980
114%
71 %•
70%
36
62
22
*44
108% 109
102% 103'/a
100
100%
101
60
70%
49
r 67
108%
—
75
62%
62
59
103
100
67
//: 53 %
—
~
/'■;■
88
!'■
'
60%
61
70
7
75
75
*60'/a
30
88
83%
.
11%
101%
107%
45
100
98
-
109%
103'/a
94%
100'A
97
./.:27
101%
/
43
56
156
41
63
41%
46
80
38
48
45'A
54
45
45%
28%
45%
5
109% 109%
*111% 112
—
■
108%
83%
87
-w
57%
60
58
57%
58%
77%
81%
81%
85%
60
46
.
15
58%
65
30
'
87
85%
46%
'
503
59%
107'A
110%
71
112
87
*85%
111%
109%i 111....
(;*m% U2
"86%
110
110%
109
•
2
110 % 110'A
■
2
,
k'Mi
'
9
81%
106%
108'%
105
108
105
107% 107%
*105
*108
:
105
Income
•
—
*105%
■
85%
87
45
71
89
83%
89
98
75%
89
81%
76%
82%
187
64%
82'A
69%
74
73%
85
';
59%
74
103%
269
104
'
*104
■
i*
80
86%
85%
85%
86%
10
37%
36%
3 7'A
246
-
24%
37%
& Sou
Tol
—
36%
36%
36%
10
W
25 %
37
99%
97
99%
73
92%
99%
99%
97%
99%
10
93
97
95
97%
103
88
1st extl gold 4s..1948
Ohio El 3'As
1st extl 4s_
109% 109%
--
.
:
mtge 3Vis series
debs 3'As.
I
1968
'J-D
1958
J-J
99%
97%
110%
/; *107%
//;-•-:
110
112%
2
110%
108%
*110
112%
.
54
80
78%
50
110%
110% 111%
11
110%
111%
112%
112% 112%
24
108%
113%
77
Commonwealth Edison Co—
Conv
:•
\
86
ACommercial
1st
--
W.W
*105'/a
'
& South 4'As series A
112
7
78
1944
..
A Colo
111%
20
41
115%
Colo Fuel &
113%
3
101'A 101%
•
113%
29
82%
81%
81%
1946
4Vis
88
113
3
equipment trust ctfs
Coll trust gold 5s__
trust
109%
5
M-S
5s
111%
114'A 114%
'
Coll
79
9
62
1951
4'/2S
Ry deb 6'As
;
114% 114%
.
'/
-
•
108%
83
88
108'A 103%
108%
F-A
1956
86'A
112% 112%
'
%
9
108% 108%
1946
Canadian Northern
Can
A-O
;
88
112%
J-J
1955
4%s_,
4'/bs
1969
.108%
A-O
A-O
J-D
M-N
F-A
Louis Ry—
4s
Ref & impt 4 %s series
Gen
J-J
1970
:
49%
35
F-A
1966
.1967
Term 1st gtd 3%s D.-.1971
gtd 3%s series E_
1969
mtge 3%s
1st s f 4'As series C
Canadian
33%
1
1,343
M-N
1st s f 5s series B
Power 4s
;—1952
—1962
t A Choctaw Ok & Gulf cons 5s
Cincinnati Gas & Elec 3'As
Coal River Ry 1st gtd 4s
cons
380
9%
54
"
4%s
Cleve Union Term gtd 5'As
Canada Southern
46%
28%
9%
A-O
A-O
Cleve
California-Oregon
52
58%
20%
86
77
50
29%
J-J
J-J
J-J
M-S
1963
1963
....1943
General 5s series B
li'/s
16
35%
39%
26%
J-D
1957
Debenture
General gold
5
■
5
246
27%
M-S
5s
Childs Co deb 5s
115%
81
/
50 Vi
/:/
—
3%s series E
103
3
19
J-J
'
.49%
33%
48%
—
3%s series F
Chic & West Indiana com 4s
1st & ref 4'As series D
St L Div
44%
45%
A-O
5s
Term Bldgs
8
14
M-N
Bush Terminal 1st 4s__
Consolidated
106
113%
—
deposit—
of
105%
104'A
89
*113
—1934
§ A 1st & coll 5s__
Bush
88%
104%
9
102% 103
89
1957
fBurlington Cedar Rap & Nor—;
A Certificates
11
105%
34-
46%
■
Dec 1 1960
1st mtge
Cin
at
due
1946)
109%
'
Buffalo Rochester & Pgh Ry—
Stamped
F-A
.1967
series C
Niag Elec 3Vis
M-N
.1981
'"105%
50
127
46%
Union Station—
1st mtge
1st
104% 105
J-D
.1957
109'A 109%
M-N
.1950
1st
10
*100%
M-N
.1947
•
—
'•
.392
46%
86'A
81
53%
1955
Y Air L
86'A
82%
M-N
.1950
f ABoston & N
85
J-J
1970
gold 4Vis
Chicago St L & New Orleans 5s
Gold
3Vis
Chicago
.1944
1967
33%
42 U:
54
51.?/..
—
§ A Refunding
104%
104
.1965
104
100
104'A 104'A
.•
F-A
98%
39 3-
"
.I960'
99%
5
99'A
7%
7%
53%
130%
99%
|
stpd
F-A
104'A
104% 105
,
1927
128%
.1959
1st
5s
part paid
102%
*99
49%
50%
20
99%
46%
47%
48%
41
104%
32
48%
102% 103%
A-O
4
49%
129'A 130
J-D
50
46'A
46%
50 'A
130
A-O
46
33%
M-N
M-N
M-N
102%
1952
46%
30%
149
1987
1987
A4%s stamped...
1987
§ A Secured 6%s
1936
A 1st & ref gold 5s„
May 1 2037
A 1st & ref 4 Vis stpd__.__May 1 2037
A 1st & ref 4Vis C
May 1 2037
AConv 4%s series A
1949
A-O
.1956
32%
44
49%
stpd Fed inc tax
5s
AGen
J-J
.1950
46%
46
47%
47%
.1960
2%S
44%
44%
M-N
M-N
.1948
v
220
46'A
45'A
48
1987
1987
gold 4s
§ASecured 4%s series A
.
10%
M-N
registered
4s
A-O
*102% 103
4%
M-N
M-N
AStpd 4s n p Fed inc tax
AGen 4%s stpd Fed inc tax
•
30%
1987
1987
4s
.1951
•
7% ./ 9
18'4
75
60
45%
__
/
2,371
2,723
.1987
gold 3%s
registered
AGeneral
tSAChicago
.1951
.1989
adjustment 5s_
AGeneral
53%'
257
294
84
29%
27%
tChicago & North Western Ry—
25%
stamped
4s
58%
40%
1,099
AConv
53%
F-A
1959
RR-
Bangor & Aroostook
Con ref 4s
46%
M-S
Pgh L E & W Va System—
Ref gold 4s extended to
1951
S'west Div 1st M (int at 3%'A
to Jan 1 1947) due
-1950
A
43%
7
59%
f
(int at
to
Sep 1 1946) due
2000
Ref & gen ser F (int at 1% to
Sep 1 1946) due
1996
AConv due
Feb 11960
Toledo Cin Div ref 4s
227
54'4
57%
3'.is
Ref & gen ser D
;■
58
53%
•
JChic Milw St Paul & Pac RR—
H-
C
ser
55%
59%
AMtge gold 5s series A
X
(int at ll/s% 5
1 1946) due
—1995
gen
57
''53%
J-J
A
series
77%
July 1948
mtge gold 4s
J-J
J-J
AGen
633
1st
May 11989
gold 3Vis series B__May 11989
4 Vis series C
May 1 1989
4%s series E
May 11989
A Gen
RR—
Ohio
ti
4s
AGen
77
THE COMMERCIAL & FINANCIAL CHRONICLE
tORK BOND RECORD
NEW
BONDS
York
New
V
Stock
Week's Range
or Friday's
Last
Sale Price
Period
&
1st) *s
Conn Ry & L 1st & ref 4%s
Stamped gtd 4%s
1—;
Pasump Rlv
1943
High "
No
L010
1 II
J-J
.—1951
108
108
—
F-A
II
*112:
108
Refunding' Sy8—
1946
debentures.-
105%
A-O
debentures
3%s
103%
A-O
debentures
debentures—.
A-O
..1948
1956
3%s
3%s
Consolidated Oil
JAConsol Ry
J-J
J-J
45
J-J
-,.—1960
J-J
1954
4s__4s—
A
.
Coal s f 5s
; Consolidation
106%
.
38
45 %
108
109'
103%
7
104%
44%
44%
1955
—1956
deb 4s
non-conv
Debenture
A Debenture
104
106%
106 Va
104%
23*
31%
..
98%
33
32
45%
99
18
92
Div
1st
gold
3s_.
99
Joint
1st ref 5s series A—
Ind 111 & Iowa
~ii
J-J
'r
F-A
110%
111%'
1st
mtge
108
107%
108%
inspiration
1st
mtge 3%s__'
Co 2%s s f debs—
109 V*
108%
110
101%
Interlake Iron cony deb 4s——1947
1950
101%
t A In cor-Great Nor, 1st 6 s series A.1952
1955
>39%
93
96
§ A Cuba Northern Ry 1st 5%s_—1942
41%
32%
42%
receipts—.——
A Cuba RR 1st 5s gold——1952
35 %
27
36%
46'%
38
47
ADeposit receipts.—
——
% s series A extended to——1946
38%
30
38%
45
36
45
f
debs—
ADeposit
A7
A
—1952
receipts-
ADeposit
A6s
34%
extended
B
series
27%
42
26%
9o %
%
Dayton P Si L 1st mtge 3s
•M-N
1st 4%s„1971
1969
J-J
105 Va
68%
725
56 aa
106 Vt
68%
■'
J-J
—
20
65%
106%
14
*101 Va
;
■
Delaware Power & Light
1st & ref 4%s
106%. 106%
•
1
J-D
Hudson 1st & ref 4s___1943
Delaware &
«■'
J-J
1970
Union Ry 3 %s series B—1965
;•
104%
-VA:
A Ref &
-y>-
3514
39
37V4
,
39
J-J
39%
1956
39
38%
39%
23 V4
39%
1944
1947
104
103%' 104
103
104%;
1955
106 %
106
104%
92
107
gold 5s series C
1st
lien
&
53
1972
ref 6%s
98
8
9%
7%
8%
66%
72%
69 •%
29%
28%
30
14%
A-O
1st
& Clear
...
A-0
mtge 3%s series G—1906
Gen
&
ret
Gen
&
ref 3s series H
11
3%
10
18 V#
ACertificates
30%
60
56%
60
84
461
60
95%
95
95%
20
94
96%
f'-
'
K
J-D
A-0
3%s—1962
Miss & Iron Range Ry
103
J-J
32%
Duquesne Light 1st M 3%s~—.—1965
J-J
110%
Tenn
Div
Va & Ga
1948
1st 5s
*
M-N
1st cons gold 5s_—1995
Elec Auto-Lite 2%s debs.
1950
J-J
Elgin Johet & East Ry 3%s
(NY)
5s
Railroad Co—
1st
-
107 Va
••
III"
■
'
V 107
108
J-J
96%
58%
1947
M-N
1971
M-S
1961
M-N
iAFla Central & Peninsular 5s. -—1943
tFlor.da
a
1st
East
&
1st
Coast
.J-J
1959
4%s—
ref 5s series A
V
1974
.
a
of
Certificates
101%
r
deposit—
104
6C
64
65
J-J
M-3
1950
M-S
1959
M-S
1st
ref
&
1st 5s
6V2S
3*/aS.'i
5 %s series
1960
ACertificates
5s'extended
>
95 Va
97
d57%
■'
92%
505
:■
to__U—^-1—1947
registered'.—
:
Lautaro Nitrate" Co Ltd—
;
A 1st 'mtge .income reg—
3V2S
97%
55»%
613:t
106%
106 Va
Gen
Steel
1982
of
100 Va 100 Va
10
101% 101%
«i
99
991
j§AGa
Berg Co cons 5s
—1975
<B
F)
32%
32
90
32%
1st dt ref, sink„ fund
20
32
83
1
M-N
':
—
8
8%
'
:J-D
M-N
9
76
8%
8%
31
85
4%
102%
84
§ HI
85
9
4%
*102%
.
80 Va
9
102Va
32%
34%
19
34%
50
30
44
1934
*45%
106
100%
97
Great
1961
98
107'%
*100
A
General 5%s series B
General 5s series C—
General 4%s series D_„
Gen
mtge 4s series H
Gen
97
97
109
108% 109%
102%
109%
99% 100%
92%
92
90 Va
92
83%
92
91
92%
83%
92%
103% 104%
99%
103%
1946
102%
85 %
101% 102%
83%
99
85%
*57%
1st mtge
68%
100%
103%
75%
5s series C
Term
Gulf States Steel
M
1950
5s
69%
Gulf States Util 3%s
14%
98
91%
9
14%
98
92
93%
87%
93%
1975
stpd
75%
80%
69%
80%
d55%
61
54
(R)
Co
1st
tSAHousatonic
*95
1961
103
1969
*110
series D
mtge—
Ry
1999
Coal
1962
Co
Hudson
AAdj
&
s
f 5s
1st
series
A
gold 5s
Manhattan
1937
A
income 5s
Central
102 Va
series A
5
54%
d26%
.
%
26
'V
■
46%
118
127
9
86 %
44%
i951
_
gold
102 Va
lines
trust
footnotes
' 1951
1951
J-J
98%
80
•
103
'
.428
% 40%
7
117%
;
58%-.
•
.
i
28%
268
135
102%
|L
22
*99% 100
J-J
88
86%
97
97
88
CC sO -.w - ••
42
30
.
.
CO
vyr
:V%:25":;
'75
86%
94%
2
23
1
97 7 a
87
'
100
100
.1-V y./ii
89%
F-A
V4
*88
74
V-
k.
I'I'.''.-"'
,
•
75";:
89%
90
71%
74%
..
89%
86 ■'
'I,''-"'
-
95
•
*74
-
100
'
,*90*/#
—
—
100
100
1
F-A
a—a
71
A"'
#
1
71
71
-
70%
3
73
67 *4
U
74%
71
-
46%
19%
71
-71/
5
F-A
60*4
55
70
67%
70
66
86
60*4
J-J
44
60%
52%
70
29 %
41%
162
Va
.
71.
'
%
-
—2003
--—2003
2003
41%
Jif-N
A/-N
—
36%
37%
43*4
37
41%
1,194
37%
^
78:
43%
Jf-N
47%,
453i
47%
213
35%
47%
—1951
A-0
69%
6 8r>
69%
45
55%
69 3,
Lex & East 1st 50-yrv5s gtd—.—.1965
Libby McNeil
Libby;4s__——-£1955
Liggett & Mye'rs Tobacco
1944
A-0
5s ^stamped
modified.—:
-
—
modified.———_—2003
Leh Val Term Ry ext 5s
5s
debenture—
Little Miami
•
;
Guaranteed
7
ref ;gold 4s
(P) Co deb 7s——
1st
Lou & Jeff Bridge
M-S
99%
98%
100%
34
108%
101
108%
121%
12114 121%
M-S
-—1945
104%
98 V«
16
100 7 a
108 Va
108*4
J-J
1966
•
40
Va 101
100%
F-A
jCo gtd 4s
122 Va
106
100
;,J
A-0
Louisville Gas & Elec 3 %s„
121%
99%
* Jlf-S
1969
A
109%
26
122%
104
101
M-S
1944
5s series
107%
108%
1
Jlf-S
•
,———1951
5s debenture—
117%
105*4
17
A-0
,
"
4s 'Stamped.^—1949
Lorillard
115
VMS 9
108% 108%
106
;
M-N
1949
40%
122
108%
F-A
gen! 4s series A
B
'
106% 106%
1063,«
A-0
1951
•
117% 117%
J-J
1—1962
Long Dock Co 3%svext to——
-1950
Long Island unified.4s_—
-——1949
110
122
■
94%
175
78%
110% 110%
94%
25
109%
110%,
104
104%
103 %
105%
9214
1-
104
104
105
~~
105%
94 >'2
Louisville &. Nashville ,RR-''
lst
&
1st
& %ef
ref
5s, series
;
110%
4
B—12003
A-0
%s'series'C-------—2003
A-0
1st & ref :4s series D——-2003
,
Unif mtge 3 %» series A ext—*
A-0
J-J
1950
:
104%
99
58
94 %
92%
'II
89
37
97 %
99
A-0
.
3%V series E_£-_—-l--2003 '
1st & ref
104
93
14
88%
88
89
104% 105
,
77.
,
103 %
109%
104
105
109%
109% 109%
104
104
86 %
M-S
*105%
Ry joint
Knox
&
4s
monon
CincvDiv
'
1—1952
4s
1955
J-J
97%
97%
89
19
F-A
Atl
93
105%
J-J
South
99
103%
M-S
100%
85
15
1960
Paducah & Mem'Div 4s—___^1946
5
105
10
87%
—
.
:
Unif mtge \4s -series B ext.——
129%
I"'- '
t
78%
i
87%
'
'
70
97%
*110*4 111
M-N
8614
104
46 Va
118
.58%)
29
101%
Maine Central RR 4s series A
'
1945
Gen mtge-4 %s series Ai^——1960
Manati
J-D
%
Sugar 4s sink fund—Feb 1 1957
Elec RR & Lt
RR
f 5s_
s
(South Lines)
56 Va
15
84%
89%
54%
56'4
"56%
56%
37
47%
56%
59%
47
49%
59%
M-S
—1953
4s_—1959
89*4:89%
8.9%
J-D
' M-N
■
Manitowoc Green Bay & North"
western 1st gtd 3%s__——__.1941
103
;
1955
M-N
3%s_—_I
Il952
___
gold
see
4sIIIIIIIII1953
page
1252.
.
62
97%
97
97
60
9814
92%
97
*50
M-S
A-0
4s—_II
*92 la
*92%
"V—
A-O
1952
Refunding 4s__
Ft
J-J
1951
Collateral trust gold
Purchased
1981
RR—
3%s—•
gold 3s sterling.
Collateral
88
61
85%
*34
M-N
*22
69
fft*/
■
A
2%s
1st gold 4s
1st
63
78
60
87%
39
Marion
1st
82
60'4
86
St Louis Div 2d gold 3s—.
1980
Mob & Montg 1st gold 4l/as——1945
129
118
1957
110.
—
*104'% L-.'
Feb 1957
1st gold 3%s
Extended
84
31%
Manila
Illinois
89
80
88
F-A
.
4%s:registered^2%_—2003
A Manila
Illinois Bell Telep
83*4
13
43
stamped
__
103%
86
1949
1st ,5s
23
84
40'4
.
100% 100%
1954
Hudson
Hudson
1st
101
89
83
38%
'
129
—1944
cons
gold 5s
Houston Oil 4%s debs—
Gas
99%
89
40
v
'
64
—'1952
Hocking Valley Ry 1st 4%s
Hoe
*100% 101
84
—
5s--i—-Ii--1964 '
4s registered.!———
Louisiana & Ark
2015
f 4%s
s
93
93
28'%
85%
98
1950
mtge inc 5s series A
ref
&
85%
85
32%
Gulf & Ship Island RR—
1st
69
85
-
'
574
104%
65
.
12%
5%s B
Gulf Mobile & Ohio 4s series B
AGen
92'4
43*4
.-
AGreen Bay & West deb ctfs A
A Debentures
ctfs B
Gulf Mob & Nor 1st
98*4 100*4
1
92'4
89%
110
_1967
,
107%
100'/a
92 %
1946
mtge 3%s series I_
99 %
109% 110
99%
.1976
—^1977
mtge 4s series G__.
106
97
109%
1973
General
89%
3
42
99*4
110
.1952
General 4%s series E„
1%
100*4 100*4
f
90
M-S
sink fund 5s
—^1974
5s
stamped—
—-—1974
Leh Val Harbor .Term, gtd 5s_——1954
Lehigh 'Valley N
A%s ext—-—1950
.,
9.9%
w_„
series
102%
85
98%
1947
4%s
90
J-J
:>5sf >>stamped—-21964-
,
4V2S
1946
Northern
1007«
V
«««.'
„•
19%
8
-■
101%
Oct 1 1945
w
>4
108
108 Va
1
.
3
Deo
5s
76 %
32
4 %s——1956
1st
deb 5s
100
106%
107
105%
15
3
—-
|
5
v.,
J-J
1945
248
90
Grays Point Term 1st gtd 5s
Gotham Hosiery
105
108
102*4
'
.A-0
1949
Caro & Nor 1st ext 6s
Goodrich
88
93*4
1i
'••v
102 ',4
J-J
Lehigh .& New Eng RR 4s A—v--—1965
100%
1949
5s
102*4
J-D
.
stamped—
—1944
1st &■ ref, sink .fund 5s—-—-1954
5s sLamped—
—;—1954
23
85
87
31%
1956
coll trust 6s—
Ala Ry
&
60
85
../■'IC-:', >
108
J-D
—1997
41
85
90
1950
Castings 5%s_^
t AGeorgia
90
*106'/a 107%
.
Lehigh Coal & Nay :s f 4%s A.—1954
Cons sink fund 4%s series C
1954
'
of
46
'
;y''.'
,
Elec
.
■
'
268
61%
at 3'«>.
Lake. Sh &..Mich,Sou gold 3Vs»s——1997
Lehigh .Valley RR—,
4s ■- stamped modified
Gas &
——
■
-
deposit—
Machinery Corp 3s debs__
Francisco Sugar
*82
F-A
1st & ref
(Proof of claim)——
8 a2-4s
'
*106 *4
1961
113%
93 %
%
*170*4
1954
77%
110%
Lake Erie & Western RR—
77
tFonda Johns & Glover RR—
Food
4
88:Vi
J-J
Coll & ref
80 Va
2
32%
•
69%
1
101%:
102'%
80'/a
77
M-S
'
60
58%
A-0
71%
105%
*93*2
J-J
———
80
62 *4
134
82
61
111%
*85'4
J-J
.
88 Va
61%
'
J-D
—-
J-J
J-J
1961
19C1
unguaranteed,—
Lehigh & N Y-1st gtd gold 4s
Lehigh Valley Coal Co—.
Firestone Tire & Rub 3s deb—
86
*113%
/I
1997
149 Vs
100%
21
*106%
100 Va
——
w
%:•',
Laclede Gas Light'extd 5s
—1945
A-O
coll & r6f "9%s series,C——-^1953 ' .'7 F-A
106 Va
148
i
78%
J-J
1995
mtge inc 4%s series A—.2015
N Y & Erie RR extl 1st 4s
Ohio Div 1st mtge 3%s
1961
4961 V
——
77%
J-J
.
103
<•
149%
77
'
AGen
v.
90
85
Kresge Foundation 3% notes.
jAKreuger & Toll 5s ctfs.
33
•
M 4s series B—
cons
80
77%
J-J
1954
i
*104
A-O
A-0
1st 5s
stamped
Erie
1970
—1965
1———1965
El Paso & S W
76%
105% 107%
J-J
1987
Koppers Co :1st mtge
101% 101%
J-D
71V#
Kings County El L & P 6s
108%
149 '/a
.V
70
.1950
1st 3s
Kings Co Lighting
*107%
M-S
Ed El 111
7
A-0
Ullll
251
80
——Apr 1950
1960
1st 4s__
Term
Plaiu
110% 111
A-O
1956
1st 4s
Ry Minn Nor Div
East
82
78
Kentucky & Ind Term 4%s
95
32
'
East
City
4V2S
108
fjiADul Sou Shore & Atl gold 5s—1937
79
79%
71%
% Stamped,—
102% 103
—
81*4
deposit:
Ref & impt 5s_.
Kansas
33
93%
M-S
A-0
of
*88 V«
■
.
33
M-N
gtd
■
'..V'-'va;.':?
A-0
Kentucky Central gold 4s
111
*45
gold 4s 1995
gold 4s
—
1995
Detroit Term & Tunnel 4%s_„—1961
Dow Chemical deb 2%s
1950
ASecond
72%
1%
gold 4s_ .1990
Kansas City Southern Ry
105% 105%
....
66%
Ry ref gold 4s. .1936
f§AK C Ft S & M
95
111
J-D
68%
72%
/ 5
4
J-D
.
112% 112%
w_
M-S
,
1970
Detroit & Mackinac 1st lien
Dul
*92 %
100%
63%
J-J
I*.
Kanawha Si Mich 1st
,
MS
98
95%
68%
1961
'I'
15%
J-J
tADes M & Ft Dodge 4s ctfs
1935
tADes Plains Val 1st gtd 4%s—1947
Detroit Edison 4s series F
u—1965
53
1959
4s
M
39
.
421
100% 100%
%>:4:> V
18
38%
98
68%
Jones Si Laughlin Steel 3 *4s
39
3%
472
98
100%
108%
126
8%
53
106%
1947
107'
22%
:
48
gold 4%s___ 1952
Debentures 5s._1-—1955
t.AIowa Cent Ry 1st & ref 4s
1951
Int Telep &.Teleg deb
68%
21 Va
63
41
6%
23%
.
108%
103 Va
470
-
102%
104
24%
107
105%
■
39
F-A
F-A
1978
impt 5s series B
39
,
101%
102%
40%
38%
16%
.
105
7
^101
J-J
105%
39%
'
mortgage
37%
108%
104%
12%
James Frankl
104% 104 Va
J-J
4%s
—1969
j§ADen & R G 1st cons gold 4s—1936
JiAConsol gold 4%s
1936
fADenv & R G W gen 5s—Aug 1955
AAssented (subject to plan)
1st
24%
108%
37%
42
..
V
55%
:v9iM
82
102% 102%
15%
.
Dayton
37%
43%
,
Ref sink fund 6s series A"
Int Rys Cent Amer 1st 5s B
98%
98
1955
400
58 Va
Internat Hydro El deb 6s...
Internal Paper 5s series A & B
33 %
.
55%
91
72
47%
606
39
A 1st
35%
*43
*35
—1946
to
ADeposit
receipts
Curtis Publishing Co 3s deb
62 Va
58Va
102% 102%
July 1952
.
?:
■
V'
/V1/'
\
•
—
,
104% 104%
I'.Alst ,5s series;.*.*-1956
-
-
62%
*108%
mtge 3s series F—1961
Adjustment 6s series A
48%
51%
102%
101
95%
s
19
37
109%
110%
3%s
62%
89%
lll'/a
Crucible Steel
52%
57
54%
*109%
Copper 4s
69%
42
47%
J-D
.
58
16
56
——1970
——1966
—
1969
Cons
25
49
*72
■
3%s——-———1965
:
^
69%
r
52%
58
mtge 3 %S——
Crane
20
57
J-D
mtge 3VaS--^-«——1967
3%s
70
*80
:
-
1st
1st
63%
70
66%
60
62%
1st
Inland Steel
86 Va
w;'-
—
5214
gold 4s„—.—1950
t AInd & Louisville 1st gtd 4s_;
1956
Ind Union Ry 3%s series B
1986
109%
52%
85
»•'
w-'
1st
108 *4
42%
68%
l>
J-J
.
1,032
-
53%
.
J-J
1963
52%
69%
*109 %
1st mtge
High
56%
49%
J-J
1st & ref, 4%s series C-———1963
Consumers Power Co—
.
January 1
Low
121
*87%
70
F-A
1951
(
45
9
97
.
9
Raȣe Since
■'
No,
66%
52 V4
.
J-J
.
/Springfield Div 1st gold 3VaSli%_l951
Western Lines 1st gold 4s
.—Ll951
1)1 Cent and Chic St- L & N O—
J
45.%
45
45%
Sold:
High
6414
J-D
Omaha
'
44%
Bonds
or
66
F-A
St. Louis Div & Term gold 3s_—1951
Gold 3%s————
-1951
.
45%
..1966
gold 4s
—1950
Litchfield" Diy 1st gold 3s___—1951
Louisville Div & Term gold 3%s_1953
104%
105 %
*
Friday's
Bid & Asked
Sale Price
M-N
1955
—
40-year 4%s—_—
102%
50
21
108% 109
109
J-D
1951
3%s
105% 105%
106% 106%
J-J
-1958
deb
conv
-
Cairo Bridge
111
v
24
Last
Period
Illinois Central RR—(Continued)
108^ 103
103% 103%
Week's Range
Friday
Interest
Exchange
Week Ended April £
>
Low
Consolidated Edison of New York—
3 %s
BONDS
New York,Stock
109%
*109% 110
„
100%
-
.
1
High
108
,
'
■
,
100%
J-J
River Power s f 3%s A—_—1961
Conn
January 1
v.
A-O
1951
Range Since
Sold
LOW
/
Conn
Bonds
Bid «& Asked
Friday
Interest1
Exchange
Week Ended April 2
Monday, April 5, 1943
60%
62
Steam
Shovel
s
f
6s
58%
58
59%
249
56
54%
56V4
38
M-N
5914
5914
59%
75
§AMarket
A-0
St Ry 7s series A__Apr 1940
(Stamped1 mod) ext
5s__
—1955
60%
McCrory Stores deb 3%._1
62
McKesson
59%'
43%
56 V4
46%
59%
&
Robbins
Wat
.
Scw &
*
3%s_-_—.1956
Metrop Ed 1st 4Vis series D_—
Merop
tSAMet W Side El
Q-A
tfe. Q-A
1945
51%
47
A-0
1947
Stamped
60%
J-J
*102
54 —
103 Va
■
v
"f;V
2
•V
—
—
•
f
69
52*4
J-J
Drain
(Chic)
•
I960
100
97%
\Jl-0
M-S
5%s____1950 ;
96
98
;
112%
■%-!>:« 1
8
90
9%
891
105
is
98
V4
105%
25
106%
108%
6
112% 112%
*86
—
1
51
107% 108
A-0
F-A
V
100
105% 105 Va
-J-J
4s__—„1938
100
111%
112%
"
84
45
6%
90%
9%
1
Number 4165
157
Volume
THE COMMERCIAL &
*
:
r.
^
--
r
Period
Week Ended April 2
,
Low
;
vV
.
••
-
j-j
High
1963
M-S
107%
1940
A-O
56%
1939
J-D
1939
J-D
1941
1949
'
M-N
108%
1967
"7
.
76
38
52
■
1946
•
1955
9%
22'A
61 %
2%
7'/a
1st
17
•
2%
8
AGen
Norfolk Southern
§ A 1st cons 4s stamped-
consol 5s
§ A 1st
§ A 1st stamped 5s gtd as
& ref 6s 'Series
A 1st
5%P_.
A25-ycar
-1949
—
A—Jan 1967
ACum adjust 5s series
A 1st &
j
A 1st
&
4s—
A 1st
&
&
40%
57%
51
48 Vi
51»A
250
50'A
53 Vi
211
33'A
36
393
XJ-.
52
Vi
35
^Northern
A 1st
59
51 %
.
4934
35%
53 Vi
A
5
mtge gold 5s
50'A
.
51'A
A-O
51
49'A
50'A
10
36%
35%
3rd
51%
1st gtd gold
Moh'k & Malone
M-S
July 1938
.1991
4si.—1991
at
■
/
984
Pacific prior lien
:
1997
1997
4s-_
1997
1997
registered.
Jan 2047
2047
__2047
&
.2047
impt 6s senes B..2047
&
impt 5s series C
impt 4Vis series A
&
112%
112
112%
(Minn)
Chatt & St L 4s series
106 Vi
Dairy
Nat
Distillers Prod
;
50
419
••37%
43%
46%
186
35'A
39%
43
490
31%
3s„i
196b
4s——-iy54
—
mtge
1st
JANaugatuck RR 1st gold
Newark Consol Gas
cons
}ANew England RR
AConsol gtd 4s
England Tel &
New
103
Vi 104
20
103%
95
<:
82
ref mtge
&
72
17
82
111
111
7
122 Vi
124
.4
•'
109 Va
mt.ge
5s series
A 1st
111
ACertificates
•
A 1st
4 Vis
series
91
106%
108
:
107
5
106%
107
88
89
157
80 V <
89
54
55
31
ACertificates
,
M
1st
66 Vi
66%
52
50
N
sef'ies A—„_1998
Central RR 4s
Y
10-year 3%s sec s
f_——,L_A-—1946
Vis series A—.——2013
Ref & impt 5s series C——
2013
Conv secured 3'As
—1952
Y Cent & Hud River 3Vis„—-1997'
3Vis registered
——„_1997
Lake Shore coll gold 3Vis
;—1998
3Vis registered
1998
Mich Cent coll gold 3%s__
1998
3%s registered
—
1998
Ref & impt 4
10
48
62%
60
50
68
51
J
66 Vi
,
N
»A
64
49%
87
52%
64 Vi
47%
64
67%
64
Pa
69%
;A:6
22
63%
•
IOOV2 100%
52
99%
100%
60 'A
1,389
47%
60'A
52%
65%
67'A
80 Vi
74 'A
84%
58 'A
65 Vi
63
65%
769
79%
77%
80 Vi
443
82%
84 %
••'81
77
77%
69%
77%
67'A
53
67%
50%
57
83%
*
64%
F-A
F-A
F-A
*59%
.1947
94
65
60%
64%
132
48%
11
47%
58%
.1965
73%
75%
Oj-
100
N
71'A
70 3 i
92
A-O
5s_—1948
N
N
Y
Y
L E & W Dk
Y
&
109%
V: 4
U 109
>
110
•
116% .117%
*100
100100
.
68
•V 66'A
74
72
68
74
28
74
60
101'/a
IN Y New Haven & Hartford RR
deb
4s..-
i_ _1947
deb
3%s_„i_
a.
_1947
M-S
ANon-conv
deb
ANon-conv
deb
-1954'.
3Vis__'__—Li
4s-_i*_;_iLLa_LA .1955
ANon-conv
V
deb
4s_____aL„_^_
'•
•'
J-J
••
•A
43%
A-O
45
:•'
46
44%
43
'■
*
M
44 %
101
46%
31%
A£onv
46%.
44%
'
46 Vi"
A
44
•:
136
V
46%
47
-32%-
A
General
Y
_1967
4s
1955
:
cons
•
gtd 4s__. -1993
El Lt & Pow 3%S-___ .1965
57 Va
—.
75%
100%
14
117%
#.>.■
\p.\
:A
118
-n.
V
v
: J-D
5s
—
108
103
103
M-N
M-N
M-N
A-O
F-A
109%
95%
'
J-D
106%
111%
series
1970
series
I960
:
1965
A
J-D
1968
B
gold 4 Vis_^_i_>
1970
—
-
1981
1984
M-S
1960
—'—Apr 1990
Apr
1974
Union
5%s
Ry
Marquette 1st- series A 5s
series
5s
General
gold
4Vis
General
4Vis
series
108
e
48%
•
.
113%
102%
101% 102 Va
54
95%
102
96%
146
90%
111% H2'A
6
111'A
57%
12'A
5614. 58'A
12'A 13 '/a
*106% --
143
44%
■*?%?;
.
95%
76
82%
72%
J-J
96
96%
112
'A
58'A
5%
76
13 %
106%
72%
259
84
64%
38
76
415
57%
72 %
11
104%
106%
4
101%
102'A
121
2
118%
121
114 % 115
111
HI
115
J-J
J-D
V.
106%
303
84
75
83%
12
111
115
Philadelphia
Phila
1st
Electric
&
ref
coll
Co
1st
mtge
&
2%s_—
t A Phila & Read C & I ref 5s.
Stamped
108 Vi
111
1973
ACertificates
J-J
1st
s
f 49—
I
1937
l%s
debs.
11%
M-N
.
_r_
1951
110
J-J
110%
112
5
102 Va
103
36%
37
92
20'A
127
8%
20
3'A
202
104%
F-A
5%
105'/a
105
2
■
-'
—
"
''
__
--
"111
110
111
111 %
111 %
112%
114
119%
121
119 V
121
Seri is
F
.1953.
J-D
Series
G
.1957
M-N
*111%
-
.1964
■
6%
110
"
111
n.
113%
"C\: '•
*121
,
12'a
105'A
4%
105
105
M-N
.1949
28
104
Pittsburgh Cine Chi & St Louis.1945
102%
11
*3'A
5'i
109'A 110
__
J-J
deposit
96
103
.1
27% 28
11% 12
*104Vi 105
6
6%
103
27%
M-S
—.1962
111% 112
--
.
1949
of
•
102
112
J-D
1
77
102%
102%
M-S
1971
•
J&APhilippine Ry
Petrol
__1967
—~
"121
376
.'
.
89%
121
1961
107
16
121
tr 4'As
ref 3%s
122
101%
5
96%
94'A
F-A
1981
96
119%
87
105%
J- „
1977
C
110%
110
88%
81
69% 72%
105% 106%
101U 101 iSi
D__
series
2
121%
J-D
M-N
——_..1974
B
108 Va
108
25
110
109%
96
101% 102%
i J-J
M-S
v
gold 4Vis series C
1980
Phelps Dodge conv 3Vis deb—__1952
Phila Bait & Wash 1st gold 4s
-1943.
100%
100 A
100'A
52
J-J
1956
1956
B
series
4s
103%
190
F-A
Pekin
&
ext
4s__l__
Alncome
Peoria
4s
108%
98%
95%
A-O
Eastern
&
106'A
102
96%
111%
A-O
.
107'A
17
107
111% 112
101%
J-J
1952
-.—1947
106%
46
106
95'A
A-O
A-O
.
*100
109%
109%
95%
121%
102%
102
104
..1943
____^_____1948
104
39
108%
F-A
dollar_____May 1 1948
105'/a
—
F-A
106
103%
108%
101
19
103%
109
1974
.
117 Vi
104
•
106
*108
mtge 4'As series E
deb 3'As_.
Conv
*105%
—
,
89
106%
"106% 108Vi.
105
105Viv
—
„_1969
1977
104 Va
103%
—
-W
105'A
*112
8V2
95%
11
■
96%
10 Vi
96
M-S
ll'/aivf
„
c
53
J
•
'
*
•.
-4-L.
'
17
.1970
.1975
110% 110%
J-D
49%
A-O
112
*111
11
—
2
105 %
110%
105
111 '/a
100
105 %
J-D
A-O
'
•
325
_
L
'6
52%
55
32
' :
J-J
_1963
J-J
4
110% 110:%
*106
•
108 Vi
108 'A
108 Va
108%
■"
57
100
100%
29
95
100%
25
98%
100
1
98 Vi
6%
1950
J-D
4s g
1943
M-N
1st 4 Vis se
1958
J-D
63
1959
1960
41'A
55
110
111%
105%' 106
-■
100
1950
Pitts
Va
&
Char
1st
'
M-N
104% 105%
M-S
12%
2
"
105
'
6%
'
33
•-
J-J
.1952
96 %
-
4%
"*
55
*
1J
9
90%"
■■
•
Steam
67
30
36
89
78;
89
F-A
36%
Rys prior lien 6s stamp_»_j_ -1958
1252.
105
104
75%
74'%
104 Vi
A./:
F-A
156
Y
page
110 Vi
102%
10
103 Vi 104'i
74 %
F-A
M-S
.
M-N
335
Y
see
109%
105
103% 104
1963
15 V*
N
footnotes
108%
VV -1
105
.1960
49'A
N
1st 3%s^
98'/a
98
109
1
67%
13 Vi
J-D
96%
95%
Vi
109% 109%
52%
48
Y Queens
For
96
'
*109'/a
•',•.
vr
44%
59
N
Corp
A'
49 'A
•
^
67%
M-N
1st
104'A
-
'A;
14
98
.1977
LT.
& Putnam
104%
103
-A'31%-
•
■
52%
65 Vi
14'/a
A:-' 110%
103%
21
*
A-O
J-J
Light 3Vis.
44 %
;
50%
q
109
6
11
37%
30
•
33
,
M-N
4s
JAN Y Ont & West ref gold 4s__. _1992
N
A
95
104 %
104
97%
M-N
„..__1981
t AMarlem River & Port Chester
4s
112
'
138 A
A-O
-1940
AlsjK^j ref 4Vis series of 1927
1st
112%
110%
'
trust 6s
A Debenture
43
51%
J-J
_1_ -1948
deb 6s
§4collateral
44%
J-J'
_1956
certificates 3Vis
ADebcnture
92%
111%
98
A-O
1963
ref 4Vis A
45
A?-31%
22
•
•
44%
-
34
71-
-
•
'
-*
M-N
1956
1
26
104'A 104 Vi
■■■%'•
J-D
M-N
F-A
•Philip Morris Ltd deb 3s^i
•
'•12.
A
•
44%
44
443A
M-S
ANon-conv
100
98
95
110% 110%
.
.
j-j
1952
3%s series C
sinking fund 4%s_
Phillips
ANon-conv
109 Va
111% 112
J-D
;
ctfs D.__1944
trust
AConv deb 6s
-55%' 68
20
*101!;;
J-J
112%
111
17
111
111
M-N
Impt 5s
99'A
111% 112'/a
Vi
112
111%
M-S
gold 4S-L_;
General
108
•
M-N
:—_—1973
1943
4 Vis series B___
N
106%
23
95
•
J-J
Peoples Gas L & C ref 5s
■
5
W
■
*115% 117 "a
F-A
M-N
•
& E cons 5s_1949
mtge
Gen
>
71%
109'A 109%
.
J-D
gold 4s—„>——1949
& Harlem gold 3%s_,——2000
Lack & West 4s series A
1973
& Pow gold
Y Gas El Lt H
109% 110'/a
24
99% 100
99%
J-D
A-O
General 4'As series D
V
Purchase money
13
108:% 108%
•_
92%
2
108% 109%
109%
101
86
•
Erie RR
Erie—See
—
106%
105 Va
1096a 110
'
108%
J-D
—1944
6s___
trust ctfs
sterl stpd
Debenture
102%
65
92 Va
A-O
101
74
71'A
92 Vi'
.1966
&
F-A
A-O
.1965
Y
1097/a
J-J
1st
101'A
99%
19
.1947
75%
100
14
102 Va
86
64 VA
■
7
100'A
-
102
.1951
N
415 •;!
100'i 101
'■
■
A_-,.:-.
■
77%
-.225
86
75%
■
84%
100 Va
A-O
107'A
109 Va
J-J
110%
A
i
General
64%
58%
85%
J-D
106'A
31
*
106 'A
J-J
-A-1960
3s B
1st &
4Vis
Peoria
58
04%
A-O
105%
58
109'A 109%
■
•J-J
1938
3Vis
General
1st
[debentures.
104%
106'A 107
V
F-A
debentures:
Cons
63%
.
Pere
Gs
.
Pennsylvania RR cons gold 4s
•
51%
60
■■■•:•«
104 %
J-D
4s
Consol
744
63%
59 Vi
100'i
M-S
102%
-.1971
P L
Power &
Penna
4 Vis
104 %
F-A
.1978
6
M-N
Pictures
Ohio & Det
Gen
*
63%
A-O
110
103% 104'A
J-D
59%
21
64%
67%
.
.1974
107
J-D
V"
Pennsylvania Glass Sand 3Vas___—1960.
66
64
63
York Chicago & St Louis-
New
109%
Vi
107%
a
4%s series B„l.
44%.
63
:
*58
F-A
A-O
A-O
A-O
M-N
J-J
.J-J
109
■
7
1st ext gold 4s„1938
Gtd 4s series E
68
62 %
64 v
63%
J-J
An
■
109 »/t
7
•V;
Trans-deb
Secured
65
...—
Bridge Co—
—1945
17 Vi
_
108% 109
Pennsylvania Co-
47
4s
Newport & Cincinnati.
Generul gtd 4Vis
-
106%
109'A 110
109'A
••A'
Paterson & Passaic G
55%
44%
62 Vi
66
A-O
deposit--——
of
ACertificates
108% 109»A
*109% —
_
34
J-D
gold 3s loan ctfs
1955
4s debentures-1956
f
s
Paramount
Parmelee
41
55
*52 V:
—
A—-—-1954
A 1st 5 Vis series
"
63
_
A,,/'-AL'AAi
■
12
32
16%
Vi
89
_.—1956 '
F-A
of deposit——
—
D
——1956
■
F-A
of deposit——- -A
—
75%
'/a
.
J-D
Broadway Corp—
Paramount
91
107
A-O
1954
65%
.
-■
109%
A.
M-S
Ret
1
83 %
83%
4
*107'A
C——
series
5s
B———
of deposit—
LA
J-D
§A2d ext gold 5s
Panhandle East
73
89%
deposit—
of
ACertificates
A 1st
66
55%
65%
16
A;;.:v-VA
J-J
J-J
1966
1970
ref M 3s series K
&
Guaranteed
<"> ACertificates
55 'A
65
62 %
65
.
M-S
mtge 3'As series C
——1966
Paducah & 111 1st s f gold 4Vis__n_1955
,
25
91
A-O
1935
inc 5s
J§AN O Tex & Mex n-c
A
J-D
3 Vis series I
series J
§APac RR of Mo
A
118 Vi
83 %
83
54
66
122
112'A
Pacific Tel & Tel 3'As series B__—-1966
81%
70 Vi
117
77
*_ A-v
954
110%
1964
ref mtge. 3s
119
70
52
81%
122% 122%
111
117'A
9
117%
79%
79%
117
F-A
A-O
J-J
J-J
A-O
J-D
J-J
&
1st
1st
<V.
97
97
117'A 117%
122%
1st
t
104 Vi
ref
103%
%
i
:
109%
1946
series G
3%s series H
&
;
105%
101'A
82
75%
66
•
111%
_1961
gold. 5s
1st
El 4s
1st
106 Vi
103%
24
*93
M-N
gtd 4 Vis series B
1961
N J Junction RR gtd 'st 4s.
1966
N J Pow & Light
1st 4 Vis——1960
New Orleans Great Nor 5s A——1983
N O & N E 1st ref & imp 4%s
1952
New Oil Pub Ser 1st 5s series A—1952
1st & ref 5s series B
1955
New Orleans Term 1st gtd 4s—1953
A-1st
105%
37
102% 103
33
81
60%
72%
75%
'
Pacific Gas &
78%
106%
J-J
J—
—-1945
Tel 5s A——1952
68%
104% 105%
-_1945
gtd 5s_,
50%
6
-1946
Guaranteed stpd'eons 5s
110
89
106
J-D
.—1948
5s
279
62
60%
112'/a
78%
105%
M-N
Steel
60% 4 ;
80
13
1961 :
109
106 «/4
A-O
National
Ore
Pacific Coast Co
103 Vi
46%
112'A 112'A
-1962
112
:*io8%ii2Vi;
M-S
40%
109% 109%
con
43
1949
57%
50
6
J-J
._1945
48%
3'As sinking fund debentures
■
46%
69
42
M-S
gold 4sJ_. ._1946
Short Line 1st. cons gold 5s- -1946
RR & Nav
Oregon
•*.
46%
102%
85%
15
301
F-A
1946
4s
93
89
43
F-A
J-D
M-S
1978
A
Prod 3'As debs——I960
3%s—
—1949
Nat
72%
575
.1944
1966
N
Nash
50
.1964
Teleg 4Vas ext_„.
1967
M-N
77 Vi.
80.
46
■
65
J-J
,_1943
M-N
78%
50
50
O
113
103%
'
*110 %
48
.1967
1st & ref'mtge 3Vis__.
1st mtge 3%s
Northwestern
50 q
45 3 \
M-N
'■
M-N
110
54
J-D
••A
J-J
;
2047
2047
112%
2
105% 106'A
49 Vi
■
J-J
.2047
A__2047
impt 5s series D__.
85%
48%
49%
J-J
2047
2047
&
(Wise)
lit'A
6
106
J-D
—
'
.1972
1
__
—
-.
,
79
__
Q-A
;
104'A
101%
J-D
*93
-
■
82 3 a
84%
Q-J
Q-F
•58
45
__
A-O
ref 3%s
1966
Montreal Tramways 5s ext_1951
Morris & Essex 1st gtd 3 Vis——2000
Constr M 5s series A
1955
Constr M 4Vis series B—
1955
Mountain States T & T 3V4S
1968
Mutual Fuel Gas 1st gtd 5s
1947
1st &
Power
4;
•
**."'V
■
A,A
Q-J
„
2047
96Vi
91%
••
20
111% 111%
A-0
*112
50
'
l"*j5
debentures
6s
Montana
*104'A
F-A
.1966
Monongahela Ry 3'As series B__—1966
Monongahela W Penn Pub Serv—
1st intge 4 Vis—.
-—I960
7
58
55%
103%
'
51%
38
23.::;
;%•..
•
95%,' 95%
58
103
•
-
4%
7s extended
4
A-O
.52%
50'/a
52 Vi
,
103%
50 Vi
50%
:•:;
19
127'A
105 Vi
Northern States Power Co—
52 Vi
50'A
:
■
^.
124%
M ALA: LA: .*107%
A-O
.1945
1945
'
36'A
49%
M-N
49
25
::•/
*116%
deposit-
registered
Ref
13
439
50'A
1938
29%
103% 103%
103%
&
M-S
1-1948 r
JSAMissouri Pacific Ry-—
82
; VA 73
li-
%
5%
51'A
F-A
1981
—1981
of deposit—-
of
Ref
52%
52 %
8%
'
'
(stamped can¬
guarantee)
Ref
1,455
12
11%
F-A
*
35%
M
:;!>T
of
Ref
52%
3 6'/a
17-.
410
••'•
32
201
'•
104% 104%
104%
M-S
-
''
'20 Vh
35%
:
49
126 % 126%
F-A
.1945
Gen lien ry & Id gold 3s
H
51
35%
25%
v
82
*29
'•
■
4s
52 Va
'Ml
1,515
52 Vi
•;-
104 Vi
Ohio Ry—
Northern
37%
,
35%
'
M-N '
102%
51 'A
119
2,468
51%
49 Vi
'
.
52%
50'A
-.if-
M-N
1978
49%
50'A
•/
1978
'
19% 'V«
51'A
M-S
deposit
ref 5s series I
51'A
16%
■}•
18
A
1949
1949
47
„■
O-A
1954
ACertificates
33 Vi,
278
,
51'A
'
M-S
—1949
1980
1980
H
ref gold 5s series
49%; 52%
51'";;;:
/'v
r
.1996
1st gold 4s_1996
Ry
#
A-O
.1961
1961
A
/ A 1st guaranteed gold 5s
;;
F-A
5s
Amer Co deb 3%s_«——
cellation
J-J
1949
of
7%
72 Va
41% ,59
59...
Western
RR
1974
North Central gen & ref 5s:—.-1974
Gen & ref 4%s series A
1974
100
r
5B5
59
56 Vi
81%
F-A
d45%
J-J
Southern
Debenture 3%s_;
9%
411
54%
m*
ref 5s
A Certificates
100
;
57 Vi
A-O
2
24%
1
64 Va
11;!
72
103
North
25
1 %
22
5
4'/i
J-J
_
1975
1975
1977
__i__1977
ref 5s series P
ACertificates
A 1st
9%
71%
J-J
1965
1965
gold 5Vis
AConv
4%
————
of deposit——
series G
ACertificates of deposit—
&
15%
21
"
ACertificates
A 1st
■AJ16V4
160
*99
112'/a
Co—
mtge 5s conv
3s
ref 5s series A
General
A
311
24
-
^Certificates of deposit—
-J
25
22%
9'/ft
J-D
tMissourl Pacific RR Co—
.»
22%
23 'A
J-J
■
;J
708
J-J
series
ref 5 Vis
24 Va
23 %
J-J
J-J
J-J
J-J
M-S
1978
t A Missouri-Illinois RR 1st 5s_._L__1959
Mo Kansas & Texas 1st 4s_l—1990
Missouri-Kunsas-Texas RR—
<V
Prior lien 5s series A
———1962
40-year 4s series B_
.
—1962
Prior lien 4 Vis series D——-—1978
A 1st &
24%
16
22%
Ry
1998
4Vis series A
1998
.2014
inc-__„____2014
mtge
Norfolk &
23]/4
110%
110%
104% 104 %
::: 104 %
16%
8'/a
109
10
112
112
.
110%
109'4
__
128
/
ANorfolk
Marie
—-1938
1938
to int—1938
1946
M-N
•:
Vi
.
6 3a
tMinn St Paul & Sault Ste
1
88
89
13%
14'A
110%
A-O
1950
5
14%
16
85
110 % 110%
18
10%
88
41
16
38
109% 109 Vi
109%
M-S
High
32
93
15%
*—
J-J
'••
Low
19%
14%
15 %
J-J
•
1966
41%
27%
272
41%
5%
58
65
9
21%
5%'
,
5%
1943
,.15
.
v_
20 Va
5%
Q-F
71%
January I
No.
39%
*18
F-A
Range Since
Sold
High
38
F-A
1940
..:49Vi
:
7,-
52
*36%
21% X
M-S
.1962
"
:
M-N
76
39%
41%
J-J
1934
; .v ./':
58
51%
52
M-S
,1947
56 Vi
75 Vi
'
.1937
99:,a
106%
20
107'/a 108%
39
J-J
97
■
Bonds
Friday's
or
Low
78
127
71%
69 V'2
71%
;•/<
1979
t§AMidland of N J
*98 % 100
'•
M-N
Last
Sale Fricc Bid & Asked
Period
57%
'-J.
'
'
V>
1952
Week's Range
Friday
Interest
Exchange
78
88
*79
M-S
1951
3Vis—
gold
High
Stock
Week Ended April 2
1937
Michigan Central—
Jack Lans & Sag 3 Vis
1st
Low
No.
York
New
Range Since
January 1
Bonds
Sold A
Last
Interest
Exchange
Stork
BONDS
Week's Range >
or Friday's
•
Sale Price Bid & Asked
Friday
BONDS
York
1251
YORK BOND RECORD
NEW
New
FINANCIAL CHRONICLE
106%
108%
Pitts &
1st
W Va
mtge 4 Vis series B.
j
98%
98 34
99
J-D
99
98%
*101
-
99%
■
•
•
__
55
63%
76
53%
63 "2
117
53%
63%
60%
63 3
4
111
A-O
63%
61
63%
A-O
63 %
60'A
63%
Vi
THE COMMERCIAL &
1252
NEW YORK
York
New
Stock
Week's Range
or Friday's
Friday
BONDS
Interest
Period
Exchange
Week Ended April 2
Last
Pitts
1962
1974
1977
gen
1st
gen
5s series
4%s series D
1st
1960
5s series B
Gen
Portland
C
4%s
1st
Elec
M-S
1950
1st 5s extended to
El
Potomac
1st
93 %
94 %
108'A
118%
95
118%
175
90
*106'A 107
Texas
M-N
M-S
Gen
106%
X
1968
*89'A
J-J
1972
2037
2037
M-N
J-J
J-D
ref mtge 3s
&
ref
mtge 5s
1st
&
ref
mtge 8s
95%
99%
—
13%'
1st
5s
2000
series
B
J-D
1977
gold 5s
Bonds
Range Since
Sold
January 1
A-O
High
No.
109'A 110%
80%
80'%
Low
81%
83
5s series
C
1979
A-O
80%
80
81%
94
67%
82
5s
series
D
1980
J-D
80 %
80'A
80%'
76
67%
81%
1964
M-S
107%
4
103%
1960
J-J
64'A
63%
64%
38
62%
66
A-O
26
25%
28'A
314
21%
28%
95
96
Third
Ave
AAdj
Tol &
Pac Ter 5%s A
Ry 1st ref 4s
income 5s
Ohio
& West
Trenton
Gas
1st
Buff
1st
Ham
110%
A 106%
107% 108
~'v
2-M
& Elec
1st
Tri-Cont Corp 5s conv
4s
J-D
A-O
1950
^
gold 4s__l946
:
97%
M-S ..•••
..
1953
27
.
97%.
110%
.
X
—
'
*220
•
—
A-0
110'A 110'A
105
105
M-N
112% 112%
9%
12
Called
Gen mtge
95
J-J
bonds
Revere Copper & Brass
103%
103% 103%
6
85'A
88%
>
1967
J-J
102%
102% 103
151
•'
78%
9
1947
1970
J-J
108 5/b
34-year 3'As deb
A-0
100% 100%
1971
M-N
100
102% 103'A
52
Ref
1980
J-D
1955
A-0
debentures
86
101 %
103%
27
103%
& coll trust
cons
Roch Gas & El 4'/2s series
3
100%
102%
United
Biscuit 3'As
101%
104
United
Cigar-Whelan Stores 5s
100'A 101'A
25
100
101'A
United Drug Co
92
80
77%
80'A
109
58'A i
81%
A-O
41A
40'A
41'A
249
27
41%
M-S
*124'A
*111%
J-D
Gen
mtge 33As series H
1967
M-S
Gen
mtge 3'/as series
I
1967
Gen
mtge
3'As series J
1969
M-S
20
—
4'/2s
1934
1949
1941
31
30'A
11%
12%
22
180
33
Jos
Lawr
2d
St
Island
Grand
&
Adir
&
1st
1st
101
101%
107% 107 %
15
106 %
107%
60
M-3
M-N
98% V
106%
107
1966
22
148
97
*101%
Iron
Mtn
A-0
1933
M-N
of
*99%
M-N
M-N
*101
101%
101
1 1949
M-N
*101% 101%
101
*99%
deposit
1st
86
M-N
*101'A
101%
101'A
M-N
*101% 101%
101
101%
M-N
*102
101%
101%
M-N
101%
101%
mtge 5s
1 ASt L-San Fr pr lien 4s A
1950
J-J
1950
J-J
Certificates
lien
of
5s
A Cons
M
of
'
>/.•
V-'
1st
4s
AGen
ref
A;
"
32
31'A
102
18%
34%
336
20%
34%
33'A
15
20
33'A
33%
33
34%
1,492
19%
34%
33%
32'A
33%
100
19%
33%
M-N
94
93%
94
57
85%
94
Nov 1989
J-J
78%
77
78%
22
67
1952
J-J
61
1990
J-J
39
J-D
—XX
1989
gold 4s_l968
*ASt Paul E Gr Trk 1st 4'/2s
1947
t§ASt
cons
K C Sh L gtd 4'/as
P &
Union Depot
Paul
Af-S
•;.CC'XA';■
883
19
32
Scioto
V
E
& N
1st
1941
-
;,.V 22
#"
,
4
§A4s
1950
gold stamped
ACertificates
105'A
6s
cons
105'A 105%
46%
47
A
F-A
12
A
A-0
26%
1959
1945
deposit
6s
M-S
27
101'A
106
\
Colo
Southern
4s
6s
Pac
1st 4'/2s
(Oregon Lines) A
10-year
Term
1st 4s
gen
&
gen
103
&
gen
1st
Louis Div
Southwestern
ref
4s series
40
7
103
101%
105%
123
123'A
107'A
1st
105'A
of
Calif
Standard Oil N
107
5
68'A
66'A
69.
M-S
64'A
61%
65
M-N
M-N
62%
J-J
98'A
63'A
61
,
;. A
55
Tel
3'As B
52
d40%
45
gen
& gen
527
53'A
63'A
896
52'A
93'A
99
81
87'A
96
630
70%
86%
96
J-J
85%
84%
86%
J-J
101'A
99% 102
225
92
A-O
78
76
78
435
68%
A-O
95%
93'A
96
136
A-O
99'A
99%
116
J-J
95%
—
64%
1955
1st
96
v
96%
M-N
XX A
Apr
49%
debs
3s
1966
F-A
103%
103'A 103%
19
102'A
J-D
104%
104% 105%
36
104%
105
J-J
bonds
112
1956
^
104%
1961
—
•'
M-N
Swift
112
XV'v
—
M-N
2%s debs
1951
112%
8
111%
1944
F-A
refund
&
Texas
3s
Company 3s deb
debentures
T«xas
&
NO
com
,.—1959
—.
gold 5s
\
21
7
J-J
A-0
J-J
M-S
1st
111
112
84'A
92%
X 228
58%
60%
guaranteed
272
M-S
60%
58%
60%
93%
93'A
94%
J-D
92%
M-S
90
M-N
92
93%
90%
12
J-J
58%
55%
59%
56
52%
56%
J-D
*104
M-S
*110%
——1955
of
43
59%
41%
56%
J-J
1949
88%
104'/a 104%
44
104%
110%
88
J-J
90%
104%
106%
103%
104
114%
115%
*102'/a 102%
A-O
1960
4s
103%
109%
__
62
88%
88%
104'/a
1947
,*110%
1936
•669
60
64%
60'A
47%
60%
21%
M-N
60%
60%
:
1st 4s
111 'A
62%
21%
22%
215
14%
23
21
4s
deposit
& Du div & term
94%
91
101%
1
1st M 4s A
1st
87%
83
X 115
1949
61
94%
101%
130
J-J
1954
3%
1st
36%
114
23bl
60%
84
95
90'/a
101% 101%
99%
36%
84
1951
93%
95
605
M-N
2361
Central
X
156
98%
1951
4s
109%
110%
92
"
60%
12o
8
1950
4'As
119%
106
;
97%
92%
i.
-'
111% 111%
98%
95
104
108%
5
*109'A X—XA X'XXXV--X
*110'A
111%
42
88
106
M-S
1946
A
ser
31
,
103%
119% 119%
-X'";':
96
104
21
3
15%
X'~
18
,;
47%
/;
64%
•
Wisconsin Elec
112'A
107% 107%
1
106
107%
107'A 108
7
A-107'A
Ar 41 »A
47%
49%
24
of
deposit
Power
3'As
1968
-
Public Service 3%s
108%
*108
J-J
1943
J-J
1948
1
110% 110%
A-0
1971
M-S
V-
21 %
110%
111
107
7
JAWor & Conn East
J-J
53
104'A
105'A
18
101'A
104'A
100 332
3
100
104%
F-A
A
3
103%
25
XX;,v.>-. 1
107%
..
20
20
102%
Conv
deb 4s
103%
102% 103%
27
101%
.97%
65
95'A
103%
105%
103%
—
122%
120
104% 104%
121%
2
104%
112% 113
92
*18%
Youngstown Sheet Si Tube—
lOOSg
100 3*2
*121
104
4%s
52
105 %
*103'A 103'A
J-J
1st
108
104% 104'A
103% 104
J-J
s f gold 4s—.
^953
impt mtge 3%s series J&/T11974
Texarkana & Ft Smith 5'As A_
1950
Ret
42
95
-
J-D
J-J
.
1st
a
& RR gen 5s
Terminal Assn St L 1st cons 5s
1st 5s
91
102 '/a
*104
*104
M-S
mtge
12
110%
113
103% 104
16
103%
104
91'A
92%
59
89
105%
92%
A-O
105'A 105%
18
105%
105%
1965
M-N
105% 106'A
26
105%
106%
1943
J-J
1007A
101%
*10035
—
-
-
s
f 3'As
Deferred
included
Coal Iron
•
J-D
1952
5s
ACertificates
106
J-J
1945
34
94
'
'•
.28%
103%
1961
—
27
26%
38
1960
gold
Wisconsin
J-J
96
1946
ACertificates
91
89'A
XX";'X
'
*,f. -A-
;
-X
■"*;
103%
;. 102
F-A
1977
5s
5ASu
''•'XXV;;X'
1966
Union Teleg gold
Co
30
2
1963
5'As series A
deb
31
27%
2
X '
■
1950
Maryland 1st 4s
&
26%
•
1967
E—i
5s
mtge 3'As series I
ref
52
45
39%
F-A
1945
gtd—
94%
95'A
102'A
,
Q-M
1945
mtge 3 %s
Winston-Salem S B
99%
J-D
Superior Oil 3%Sdebs
Gen
Ltg 5s stpd
*27'A
A: .AX- X
44
34
30
*26%
„
F-A
1943
guaranteed 4s
t A Wisconsin
1972
gold 4Vis—2013
2%s
gold 3%s__2000
Pulp Si Paper 3s
Wheeling & Lake Erie RR 4s
78
1964
debenture.
Tenn
1st ref gtd
RR
West Va
102
67%
A 92
—
M-S
Wilson
84
51
%
92%
83%
186
679
.
31
30
'
■V;X;
A-O
1948
Wheeling Steel 1st 3'As series B_„ 1966
1968
-
4s—
A-O
1st mtge 4s
Conv
92
96%
A-O
Pict 6s debs
Registered
63 %
594
98
F-A
1980
4'As. series C—
141
92%
31
M-S
1976
1978
5s series B
West Shore
?
1953
C
Serv
j deb
90%
d48'A
A5s assented
65
99
*91
83
110
92%
30-year
60%
95'A
1951
69
-
96
J-J
72%
108%
40%
Westinghouse El & Mfg 2'/eS——
98%
A
11
62
48'A
Western
85
54%
•V
83'A
Apr
JAWestern Pacific
88
68
482
285
64%
72%
A-O
1996
Studebaker Corp conv deb 6s
Co
88
85
V 93
109'A
Apr
1971
"I
104 Vi
86'A
84%
107%
92
83
J-J
series A
107%
103'A
83'A
M-S
—1956
gold 4s
series
Pub
^Spokane Internat
Called
87
79%
104%
109
109
1981
Western
108%
2
10
1956
gold 5s
Bell
3s
Southwestern
Oil
J-D
3
96%
1991
1st &
1
103% 104
: *92
mtge Inc 4'As ser B
mtge 4s
106'A
107'A 107'A
103%
—
mtge 4s inc series A
1st
103%
15
108'A 108'A
*106%
M-S
Gen
44
15
~
1st mtge 3%s„1972
West Penn Power 1st
104%
1994
A
99'A
—
111'A 112
A-0
Westchester
101
103 %
*123'A
84
1966
1st 40-year
100'A
19'A
3
•
84
F-A
Washington Central Ry 1st 4s—
1st gtd 3'As
29%
co^
1955
6'As
Div
&
AA
M-S
Washington Term
105% 105%
A'!;'1"'.
„•
J-J
J-J
43
17 Si
CO 00
1950
6s
23/4
43
103%
A
18
.-A,.■
gold 5s—1949
1st
1958
Warren
26
1956
&
Stand
,
77
103% 103%
1969
Devel
&
*100% 101%
-i-
103%
1946
3%s
Devel
1st
A
•
„
1981
secured
South Pac RR 1st ref gtd 4s
Southern Ry 1st cons gold 5s
St
'~X':
1968
Fran
Devel
27 '/a
29%
1977
Gold 4 Vis
Mem
•
1949
4'As
San
15
1,134
26
99% 100
A-O
Aug 1949
Gold 4 Vis
112
*108%
& Coke
25-year
coll)
registered
Gold
28
99%
A-0
1947
A
110%
*108%
M-S
Walworth Co
Pacific Co—
(Cent
4s
1963
.—1979
Power
10
93'A
~X
F-A
M-N
ARef & gen 5s series D
47'A
1962
debentures
99
1968
JAWabash Ry ref & gen 5%s A—1975
30
J-J
3s
99
97%
1957
Warner Bros
15%
1964
Southern
97%
50
4s series A—-1955
J-J
■
26
46
Socony-Vacuum Oil 3s debs
3'As
21
AGen
27%
13 y2
;
67
30
F-A
Tel
39
98%
98%
series B
2003
1st
13%
14%
378
28'A
1950
gtd 5s—
99%
98'A
98'A
AGen
48%
30
Skelly Oil 3s debentures
&
27 '/a
4%
F-A
A-O
Tel
26
27%
30
14
1941
Bell
2 7'A
270
31
1952
Soutft
Coal
A Ref
44
F-A
RR
103%
W
48
348;
J-J
Nor Ala
13
23%
28
19
47'A
1961
&
98'A
102
102
■
97%
A-0
F-A
Va & Southwest 1st gtd 5s
1st cons 5s
124'A
45%
2%s sinking fund debentures
t§ASilesian-Am Corp coll tr 7s
Simmons Co debentures 4s
debs
1944
1944
101%
102
—
B
g
series
& Pwr 3'As
Virginia Pub Serv
102'A
123
48%
12
•V. 24%
>■:
25%
J-J
South
45%
24
F-A
2'/2S
5s
5s
102
102'A
101%
Wabash RR Co—
1935
certificates-,
Oil
1st
A-O
1951
w w
ref
&
Light
cons
f 4s
s
Va Iron
14
47'A
1935
Union
&
101 'A
101%
--
65
M-S
—-.
1954
Shell
& Trac 1st
40'A
—1933
ctfs
A
Power
Virginian Ry 3%s series A
104
17
48
25%
•
25'A
— — —
A
of
JASeaboard All Fla
series B
48
A-O
deposit
t§AAtl & Birrn 1st gtd 4s
A6s
A-0
1950
series
ACertificates
Stockyards 4%s
Lt
Cons
297/a
17
,
2
'124'A 125
Oct 1949
of
*103%
ARef
gold 4s unstamped
AAdjustment 5s
§ A Refunding 4s
A 1st
*101
M-N
Va Elec
JSeaboard Air Line Ry—
§ a 1st
M-N
102
'
6%
97
.
102'A 102'A
'A
27'A
•
13
29%
46
189
X—'
27'A
M-N
gtd 4s
63
39%
12
27%
M-S
1989
61
38
*86
A-0
1952
*•'
—
F-A
1971
f deb
s
1 1954
May 11955
Nov
j
Vandalia RR
•.
J-J
3'/aS B
Schenley Distillers 4s
*101%
102
78%
1978
.:\.X \y/f/'M;•
1st
M-N
Utah
31%
32%
gold 5s series ,A
Dulutn
&
May 1 1954
101'A 101'A
76
30 »A
A
ctls
*101%
101 'A
92
32%
.
M-N
—
61
91
73
■
30'A
certificates
bond
mc
&
Paul
St
A 44
14
—
34
5 A 1st term & unifying 5s
St
68
92
81
31'A
deposit stpd
•/■'i.$X.
bond
4s
M-N
1 1953
2.60s
Louis-Southwestern Ry—
JSt
11953
85%
31
B_
4%s' series
•;
•.
59%
91
deposit
ACertificates of
4
*79'A
deposit
series
ACertificates
85'A
58%
92
M-S
J-J
a
1 1952
Nov
2.65s
86%
78%
Nov
597/a
77%
167
99%
101'A
101%
11950
NOV
-
May
United
86'A
84%
J-J
1959
1955
A Prior
102%
107%
55%
•
65
85%
85'A
-
L Rocky Mt & P 5s stpd
St
99
5
99%
—
May 1 1952
2.35s
107
1
65'A
102
—
11943
NOV
-
2.20s
13%
Utah
t ASt L Peor & N W 1st gtd 5s_^—1948
Pub Serv
*62'A
13
107
98%
102'A
102
—
May 1 1950
—
2.15s
13%
10%
Southern—
&
AjRiv & G Div 1st gold 4s
St L
101'A 102
65
-
ACertificates
101'A
107
gold 6s
Louis
A-O
J-J
J-J
94%
98 %'
May 11949
—Nov
2.50s
1996
1996
—
98%
101% 102 »A
101%
2.45s
4s~._«._1947
gold 5s
109%
97 V8
97'A
2.55s
Saguenay Pwr Ltd 1st M 4'As
107%
7
2.40s
St
64
21
Corp—
——
2.10s
108%
j
St
103
debentures
1.00s
34
9
32
.
100%
100%
*106%
M-S
May 11943
Steel
States
Serial
2.05s
108%
13 3A
J-J
12
105
10
108% 109
107%
A-0
1944
'
$ A Rut-Canadian 4s stpd
1952
1953
1.125s
12%
13'A
debs
(Del) 5s
RR & Canal gen 4s
J
United
124%
—
*108'A 109
J-J
1st
124'A
--
Af-S
1§ARutland RR 4V2s stamped
112%
9'A
103
92
.66
--
M-S
*§AR I Ark & Louis
A
91
J-J
1977
D
mtge 3'As series A—.
44
1949
4s A
grant 4s
103% 104
■
4
105%
•
U N
A 1st
land
105 A 105%
100'A
$§ARio Grande June 1st gtd 5s
1939
1st gold 4s__1939
&
1st
104
102% 102%
M-N
r
Pacific RR—
Union
85%
102'A
102%
1960
IS A Rio Grande West
1959
.
105'A
M-N
A-0
1945
Calif 3s deb
of
95
78
35
Oil
104
1956
3'As
86
85
107
103% 104
103'A
F-A
M-N
95
84'A
85'A
104
—
4'/2S series C
94
85%
J-J
Republic Steel Corp 4'/2s series B__1961
Purchase money 1st M conv 5'As 1954
110%
28
F-A
(Chic) 5s
t§AUnion Elec Ry
J-J
1956
106%
U
111%
104% 106
2
Union
A-0
1997
117
105%
...
102
117
jT
35-year 3'As deb:
1951
98
'
100%
'
J-J
_1997
91
4
*116
*106%
96
87%
11
101'A 101%
J-J
gold 5s—1949
deb A
97%
J-D
221
1
&
146'A
'
3s
Rand deb 3'As
108
106%
im%
tJan 19(50
Cent ref & impt 3%s_-1960
Louis
Toronto
R
Remington
82
ref
Union Electric Co df Mo 3%s——-1971
Gen & ref 4%s series B
110%
68
ref
91
110
5
V:
'
—
"
Reading Co Jersey Cent coll 4s
Gen & ref 4'As series A„
High
101%
14
&
14'A
91
__
.
*106%
*146'A
1948
Purity Bakeries s f deb 5s
ref
&
Tol St
7 "V
5
—
1968
3'As
of Nor 111
Public Service
13%
110% 110%
PubLc Service El & Gas 3'As
&
Friday's
or
&
109'A
"
1st
& Pacific
Tex Pac Mo
108%
4
98'A
*98
J-J
1957
1956
1st
Week's Range
Last
Sale Price Bid & Asked
Period
Low
95
106
109'A 109'A
J-J
1951
4s
Interest
n
F-A
1A Providence Securities 4s
Terminal
Exchange
Gen
Pressed Steel Car deb 5s
i A Providence
Stock
High
108%
—
York
Week Ended April 2
Low
No.,
2
New
Gen
J-J
1966
1977
3!/4S
M
1st
Pwr
mortgage 3'As
Friday
'
January 1
High
*118'A
BQND RECORD
Range Since
Sold
108'/4 108'A
J-D
F-A
J-D
J-D
Young & Ash 1st 4s ser A—1948
1st
Monday, April 5, 1943
BONDS
Bonds
Sale Price Bid & Asked
Low
FINANCIAL CHRONICLE
in
serie^J^.
I960
delivery sale not
the year's range,
n
included
98%
M-N
in
the
Under-the-rule
98%
99
year's range,
d Ex-Interest,
e Odd-lot sale not
not included in the year's range,
r Cash sale
sale
itot Included In the year's range.
^Negotiability impaired by maturity.
tThe price represented Is the dollar quotation per
pound unit of bonds. Accrued interest payable at the exchange rate of $4.8484.
tCompanies reported
the Bankruptcy
Act,
or
as
being in bankruptcy, receivership,
securities
assumed
or
200-
reorganized under Section 77 of
by such companies.
♦Friday's bid and asked prices; no sales being transacted during
ABonds selling flat.
current week.
THE COMMERCIAL
Number 4165
157
Volume
t
in
footnote
a
«
WEEKLY
delivery sales are disregarded in the week's range
week
the
which
in
they occur.
In the following extensive list we
Mar.
furnish
a
security, whether stock
Saturday,
on
It is compiled entirely from the daily reports of the Curb Exchange itself, and is intended to include
bond, in which any dealings have occurred
or
Curb Exchange for the week beginning
complete record of the transactions on the New York
27, and ending the present Friday (April 2, 1943).
every
RECORD
YEARLY
AND
unless they are the only transactions of the week, and when selling outside the regular weekly range are shown
No account is taken of such sales in computing the range for the year.
deferred
and
in
1253
NEW YORK CURB EXCHANGE
«
NOTICE—Cash
& FINANCIAL CHRONICLE
during the curreht year.
1
York
Curb
April 'i
Week's
Sales
Last
Exchange
Week Ended
Range
for Week
Low
Wire
Aero
Co
Supply Mfg class A
Warrants
5%
6,700
4%
Jan
5V«
8%
3,100
5%
Jan
8%
7%
7%
300
5
Jan
214
2 %'
1,100
1%
Feb
2%
2%
2%
400
1%
Jan
27%
Jan
33
Mar
1/64
10
Appliance.—
Southern
Great
Power Co
3
Products
Allied
Class
A
common
conv
'
*'
)
'•
'
'
-V;
•
28
28%
25
(Mich)
28
29
Aluminum
Goods
Aluminum
Ltd
Mfg
common
Book
Box
American
105%
Jan
1,700
106%
Jan
700
13%
class
Common
Co
preferred—
prior preferred
$3
Cities
American
Class
....
Fork
&
Hoe
General
200
103%
Jan
108
Mar
100
j'e
Jan
1
Feb
33
Mar
350
20%
6%
1,600
4%
Jan
1 Vb
100
%
Jan
1%
Feb
%
%
700
%
Jan
%
Feb
Potash
$6
Feb
Brown
Rubber Co
Apr
Bruce
(EL)
Apr
Buckeye
30%
28 %
1%
1%
6,500
40%
1,300
15%
1,050
%
%
37%
6,900
*-
40
4014
23%
Jan
Jan
$1.60
Feb
$5
39% Alar
Anchor
Paper
Writing
American
preferred
40% Mar
Hill
common
Inc
Burco
Feb;
Butler
19%
Jan
175
93 Vb
Jan
5%
1,700
3Vb
325
28%
Jan
41
33
Jan
13%
24%
104
Jan
36%
25
5%
41
class
Common
450
Jan
27% Mar
15%
7,400
13
Jan
15% Mar
26%
300
30%
31%
150
%
23%
U
6,900
23%
'0 400
25% Feb
Jan
26
23
Jan
%
26%
80
10
4%
57
j.n
1U
400
2%
Jan
4%
4%
Jan
Jan
0%
3
Arkansas Power
Corp
Equipment
Feb
Callite
Oil
Ashland
Refinmg
&
Jan
% Feb
Mar
8%
4,300
2%
Jan
9% Mar
3%
700
3V«
Jan
3% Mar
4%
5
8,100
2%
Jan
51
Mar
:
2
400
2
Jan
3 % Mar
100
1%
Jan
2%
Jan
540
105
103
2%
3
3%
2
3
,
3%
:
97%
Jan
3,100
1%
Jan
Jan
Jan
Jan
11% Alar
Atlanta
Birm
Coast RR
&
Atlanta Gas Light 6%
106
Feb
3 % Mar
Atlantic
Coast
Coast
Line
Class
A
Class
B
Rayon
Atlas Corp
7%
Capital
&
Carman
Carolina
$6
Corp
Corp
2,100
4%
Jan
5% Mar
Central
Maine Power 1%
4% Jan
5% Mar
Central
New
Ohio
Apr
Mar
Carter
(J W)
Casco
Products
Castle
(A
5%
5
5%
2,000
3714
34
37%
1,700
1
3%
Jan
28%
Jan
6
6%
500
4
% Mar
1%
75
Feb
Alar
111%
Jan
5% Alar
37%
Apr
Jan
Jan
1% Mar
Jan
8% Mar
1%
9,700
8%
2,500
Corp
•
17 %
16 %
17%
1,400
15%
Feb
Automatic
Products
1
2%
3%
4.300
2%
Jan
Automatic
Voting
4
4%
400
8%
9 «:
800
6%
(BP)
Machine
•
5
& Sons common
preferred...
Axton-Fisher
25
Tobacco
Patoka
Ayrshire
class
A
47
64
1
6
3%
Jan
7%
65
7%
r
2,770
7%
300
18%
Feb
Baldwin
for
warants
Co
Stainless
&
$1.20
Seelig
1
A
65
Apr
7% Mar
Mar
1st preferred
7%
2nd
Ties
Clayton
5%
2%
38,300
%
Jan
2%
*
Inc.
24
24
10
Jan
16
12% Alar
6
Mar
24
Apr
•
_I
"3%
Feb
Clinchfield
Coal
Aluminum
$1.50
Beech
7%
Tel
Benson
10
convertible preferred
Aircraft
Bellanca
Bell
common
Jan
Corp
Aircraft
of
&
1
common
Hedges
common
Inc
Steel
Blauner's
common
new
Fdy & Mach Co com..*
common
For footnotes.see
•
page
22
10%
11%
16 900
%
3,100
1257.
150
21% Mar
8%
Feb
4
3%
Jan
115%
4%
•
.11*
IIIIl
IHi
Berkey & Gay Furniture
Birdsboro
21%
jq%
II
100
preferred
Bickfords
\
l
Canada
Convertible
II
20
Jan
4%
Feb
10% Alar
Jan
23
11% Mar
Mar
5
131% Mar
33
i
t
1
1
~~\b
~8%
500
45
Jan
Jan
42
Jan
4.600
8%
Jan
35%
__
&
Colon
8%
.
Colonial
Co
Colt's
Patent
common
1%
Jan
4%
Apr
3%
3,600
1%
Jan
3% Mar
23%
Feb
25% Afar
3%
3%
200
3'A
Jan
37/e Mar
3%
3
3%
100
3
Jan
3% Mar
'.7.300
1%
13%
3%
'
Jan
:
1*
7%
1% Mar
22
6
Mar
200
Mar
7%
43
Apr
Afar
25
111%
V:
38%
Jan
20
V
104% 105
13% Mar
Mar
9%
200
:
7%
43
106%
Jan
111% Mar
50
102
8%
13%
Jan
105
Mar
13% Mar
8%
7%
100
Feb
7% Mai-
6%
3,800
Jan
7
12%
13
Jan
8% Mar
15% Jan
4
8%
Jan
4%
Feb
6
600
Jan
8%
Mar
114%
114%
Jan
350
93
90
91%
9 Vb
9%
9%
Feb
17
2%
4,400
3%
100
1
Jan
Jan
22
8%
84%
Jan
800
7%
Jan
Jan
93
Apr
9% Mar
106
Feb
103 Va
~"%.
Mar
1.600
%
A
Jan
% Alar
Jan
10% Mar
9%
9%
3,400
Co—5
5%
5%
5%
300
4%
Jan
6%
6%
100
4%
Jan
9%
Jan
11%
80
Jan
64 Va
Jan
98% Apr
72% Mai-
10
98%
98%
72
72
100
•',100
%
6%
Va
5%
75
t7e
800
6
13
3,500
136
V
Jan
16,900
3%
79
2,300
51%
Jan
4%
Jan
9%
6
Mar
6% Mar
Jan
Feb
6% Mar
Jan
Afar
9
Fire
% Mar
13%
Jan
9% Mar
V
t
$3
c
4%%
4?«
1946.
Coke Secur common
~77/s
1,700
6%
100
80
Mar
7% Mar
Jan
68V2
Mar
76
Jan
86 Vb
Mar
Jan
85%
Jan
7% Mar
Feb
6%
4
Jan
13
y
975
32%
33
13
12%
13 V*
10%
10%
Feb
%
6%
•
%
900
17'/2 Mar
%
Jan
Jan
29
Jan
Feb
Feb
34
Jan
13% Mar
10%
600
7%
Jan
10% Mar
2
2%
900
2
Afar
2% Mar
8
8
100
8
Mar
8
2%
2%
2%
1,400
1%
Jan
3 Vb
5%
5%
6 %
1,300
3%
Feb
6% Mar
1,900
1
3 V2
2,900
3
3 %
53%
53
54 Va
600
44
38%
44%
2,190
1 %
6
Mar
25
1
Co
E L P Bait common
series B preferred
Utilities
Vb
Jan,
51 '/a
Jan,.
55%
24
Jan,
3
I
iV
19
17%
32
19
%
Jan:
700
2,100
1/64 Jan
Jan
14
Ja
32
19%
11
7%
Jan
11
Jan
27%
1.300
2%
Jan
1,300
56%
Jan
800
Mar
Feb
Mar
Jan
26 Va
10%
1
Feb
Apr
1% Alar
3
3,300
Feb
Mar
44%
4.900
1
Mar
•
*
Biscuit
Gas
40
6%
warrants-
Service
preferred series C
Consolidated
86 Va
7
7%
1
preferred
Consolidated
Consol G
4% Alar
&
48
•
25
Southern
extended to
Gas
100
75
32%
preferred.100
Water Service
Compo Shoe Machinery—
Conn
200
85
warrants
Arms
Community
Feb
9% Mar
&
Public
7
67
6%
•
Oil & Gas
Community
75%
67
1
4
*
1
Columbia
Feb
Jan
Feb
10,300
1%
ordinary...
Gas & Elec 5%
%
3%
Mar
5
4%
■
•
Co___
Airlines
10%
Jan
IVe Mar
2%
4%
11%
100
Corp
Rosenberger Inc
Mar
A
6
A Jan
A Jan
A
"3%
"•
•
Mfg.
Illuminating
Development
9% Mar
%
.
600
4
1
Inc
Utensil
Plow
Commonwealth
Mills Inc
Beaunit
Feb
7%
preferred
Columbia
1
300
%
'
1
Tractor common
Cockshutt
Jan
% '•
V8
%
5
25
5
4
Co
Lights
Electric
Cleveland
Club
Apr
$7
L
Lambert
&
5% Mar
4
5% Mar
1%
50c
Mining
Colorado Fuel & Iron
•
preferred
Brummell
Neon
5% Mar
3"
*
common
7%
Beau
24
P &
Controller
36% Mar
1,100
1%
Feb
10
preferred
City Auto Stamping
City & Suburban Homes
Jan
5%
Mar
Jan
2%
—1
$6
Jan
5%
1
%
2,800
11%
.100
common
Cities Service
Jan
1
Inc
Apr
3,300
76%
Jan
Jan
Apr
12% Mar
1%
•
♦
•
*
10
41
9%
15%
91
Jail
5 Va
•
—*
6O0
2%
100
9%
Jan
Jan
82
IV*
preferred
preferred B
$6
3%
12%
19,000
3%
$6 preferred BB
4% Mar
29%
12%
Mar
1%
8%
500
5
Feb
6Ve
10
3%
10%
Cohn
common
Jan
—
8%
1%
2%
3,600
12%
9% Mar
Mfg—
Refractories
(L)
'
Jan
10%
1,250
12%
10
550
5%.
91
11%
100
20,300
35
pfd
Utilities
Cities Service common
35 Va
4%
5%
35
1
Steel
convertible
Baumann
common
pfd
Childs Co preferred
191/2 Mar
19% Jan
Light 7%
West
Consolidated
Chief
5%
common
30
Rubber
Barium
Basic
3,200
&
5%
Cherry-Burrell common
Chesebrough Mfg
Chicago Flexible Shaft Co
Chicago Rivet & Mach
Cleveland
preferred
Baldwin
Barlow
24
15%
85%
•
Products
Metal Weather Strip
Corp
Clark
22%
13
1
com
A'rcraft Co
Charis
Jan
Locomotive—
Purchase
7%
23%
Apr
1% Mar
16%. Mar
7%
3,400
preferred.100
Power
Steel
South
Chamberlin
Claude
•
Apr
Jan
14%
10
.
America
& Elec
Gas
York
Power
Jan
Jan
13
89
3% Mar
B
Babcock k Wilcox Co
of
&
4%
5%
10
12
*
& Co
M)
Central
16%
8%
r
com._10
Collieries
■
6V8 Alar
Va
%
1%
7%
common..
Co common
Central
Feb
i'/2
Avery
common
Hudson
1
300
91
•
1
1
preferred
Carrier
Central
50
Feb
Jan
A Jan
14,300
15%
111
Catalin
Mar
80
20
3% Afar
14
Jan
5'A
15,800
1%
Jan
Alar
5
9%
10
Light $7 preferred..*
Power &
Apr
109
16
43
8% Mar
100
/
16%
1%
1%
*
common
12%
814
Plywcod
Co
92
%
13
89
•
Class B
Carnation
Jan
600
8
88
12%
1%
12
*
A
Jan
A
100
1
class
Co
5%
^
2,100
*
Products
City
10%
5%
3%
13 V*
100
Marconi
Canadian
89% Mar
5%
3 Va
13%
3Vb
.<' 1'..';;Vv
'
10
5%
100
Industries Ltd—
preferred
400
5
Atlas
IIS/
:
Canadian
1,000
8
2%
•
•
12%
Feb
Corp
Drop Forge
Feb
2%
25
voting
89 %
7%
__
warrants
Atlas
2%
10
voting
non
12
3% Mar
10%
'
Atlantic
Alar
Feb
Jan
5
89%
12%
Feb
;
14 %
1%
64% Mar
11% Mar
pfd—100
8%
1%
Co
15% Mar
Jan
Assn
4,900
69 %
Fisheries
Atlantic
Ltd
14,900
pfd__100
preferred
Jan
11%
.
Foundry Ltd—
Car &
3%
•
Co
12%
50c
20
participating preferred
Industrial Alcohol—
7%
Cessna
Associated Tel 81 Tel class A
16% Mar
6%%
Insurance
Fire
Cement Co
10%
3
__
American dep rects reg—
£1
Associated Laundries of America—•
Jan
1
9%
3'/8
10
1
Co
31
14%
i7s Feb
;v
r
50o
Power
1 %
Industries—
Electric
Jan
11
1% Mar
Canadian
Apr
7%
10414
Associated Breweries of Canada——*
Afar
30%
;
11
Mar
5% Mar
A Jan
Corp
Tungsten
Canaaa
4% Mar
78
Electric
Canadian
Mar
8%
5 v
Jan
10 Va
62
J 63
12 %c
25c
trust certificates
Camden
Feb
3%
1
Metal Works common
Associated
60
150
■'
& Light $7 preferred.*
Aro
Art
77%
8%
•
44'/a
200
1 Va
Mar
/
Jan
2 V*
rets
common
Sugar Estate
California
23% Mar
3*2 Jan
10,500
%
76 %
A)
Voting
Jan
%
20 %
10,060
10
9%
.Corp Am dep
(P
Calamba
31% Mar
Jan
45 '
10
1,075
;
•
Central
non-voting...-
A
64%
61
25
*
Cable Electric Products common
16% Mar
20%° Jan
26 %
3
preferred
6%
1,700
•;
Apr
Mar
1,750
80
•
U
IVe
5,700
36 Vb Mar
^
16%
2
Natural Gas common
Arkansas
78
Apr
Mar
7% Mar
Apr
27%
%
1
*
pfd—100
5
Jan
2,000
2.50
Burry Biscuit Corp
15%
...
2
Fence
Post
Angostura-Wupperman ;—;
Apex-Elec Mfg Co common
Appalachian Elec Pwr 414%
Jan
5%
*
preferred
Apr
15%
—
$3
15%
25%
4%
2
4%
*
Sullivan
&
Jan
12
5
25%
15%
5
•
4%
4%
5
preferred
preferred
1st
Bunker
Mar
41
A
5
7
Power—
Niagara & East
1 Vb
36
5%
*
*
preferred
$0 series preferred.
American Thread, 5%
$6
Jan
1
common
Pipe Line new
Bufialo
I
1st
11
3%
1
common
Co common
% Jan
9,500
24%
103% 104
104
Amlerican Superpower Corp common..*
17%
Jan
7,000
i.lOs /
reg—
preferred
Burma
15
15%
23%
--10
2
common
1%
A Jan
37 Va
*
Republics—
Seal-Kap
American
Jan
7%
6%
•
Feb
7%
29% Mar
*
Chemical
&
11%
6%
1
22
Jan
1
1,800
2,000
Forman Distillers
83%
Jan
Apr
Mar
16,800
•
Jan
15%
Feb
8 %
2
10%
preferred
Jan
15%
100
Co
Meter Co
American
American
A
Brown
Jan
Jan
Jan
17'/*
'
reg
Amer dep rets ord
Class
■fc
2%
Ltd—
Jan
1,250
25
Preferred
Maracaibo
ord
rets
Celanese
12%
2,400
20
25
25
100
Laundry Mach
American Light & Trac common
6%
preferred..
American Mfg Co common
American
dep
Brown Fence & Wire
1
1
Rubber Co
Hard
Co
dep rects ord bearer..
Am
6% Mar
30%
common_._10c
Corp
American
American
30%
6%
Am
1,700
1,300
1%
10%
Tobacco—
British
%
8%
•
Oil
Jan
%
i«
1
•
A
American
29%
10
preferred
$2.50 convertible preferred
American
Class
>
Feb
Feb
7% Mar
15 Vb
•
American
1%
Jan
7%
1%
100
Co common
British
28%
100
preferred
convertible
$2
Mfg
British
5%
6
10%
•
Apr
10%
27
•
common
Electric
&
Gas
B
Mar
400
200
52
v.,
17
•
120
600
Jan
28
Jan
23
7%
7 %
3% Mar
Feb
250
%
•
A
preferred...
Brillo
Apr
class
82
Foreign Power warrants
American
American
15 %
30%
10
10
American
4% %
Mar
112
1
non-voting.:
Class B
Corp
IVe
125% Mar
25
class A
Cyanamid
Brill
Brack Silk Mills Ltd
A
American
Mar
Jan
21%
3%
.100
1OO
Jan
20%
3%
26%
26
♦
Machine
Preferred
6
~7% ~7%
—25
A
Class B._
American
Bridgeport
& Light—
Power
class
Convertible
Bridgeport Gas Light Co
>;
86
—
3%
/
%
1
600
\
—•
,
6
£1
Aeronautical
1,600
14
•
">:■
•
1
Lgt & Pwr
common
10%
27
Apr
7%
•
Traction
Corp
: 119%
1
Mfg
Central
Breeze
28% Mar
29
Feb
11%
.
£1
preferred
Brazilian
Feb
-\.y/'V
1 %
*
*
....—...
$5.50
American
*
45
Jan
1,050
2,400
v
46 V4
100
10
IS
10c
B
'
26
•
common
preferred..
116
28%
6%
1
common
1st
2d
106% 106%
::p
Capital class A common__10c
Co
"4%
s
Jan
15%
—
100
American
American
Board
Jan
1,200
15
10
100
1
preferred
6'/t>
24%
110% 111%
116%
common
American Beverage
?: 24% Feb
625
122 '/a 125%
122 %
111
15%
•
*
Industries common
Aluminium
98% Mar
'
'i
100
preferred
$5
81% Mar
1,000
•
Co common
Inc
Class,
Aluminum Co common..—.———*
6%
7%
105% Mar
I
Jan
11%
Bowman-Biltmore
Mar
Jan
Jan
38%
44
10
.*
Jan
3%
2% Mar
42 Va
Bourjois
Jan
•
16% Afar
Jan
10%
25
Brewster
♦
10
Investing $3 conv pfd
Jan
iS
100
72
1
common
Investment
10%
15,300
42%
preferred
102
91 %
5,300
2%
•
Mar
3
Jan
(H C)
1st
High
16%
1%
2
Borne Scrymser Co
Mar
2% Mar
10
20
97
7%
Low
High
•
tS) & Co
Range Since January 1
Shares
15%
15%
1
Mar
3
Low
1
optional convertible preferred
Bohack
for Week
of Prices
Far
common
Blumentnai
7% Mar
v
450
81%
105% 105%
96%
1%
1,400
3
80%
BO1/*
—
97
•
*
Fisher Inc
&
Alliance
2%
2%
50
.
preferredl
$7
preferred
Alles
A
1
(E W)
Sales
Range
Last
Sale Price
Ridge Corp common
$3
Apr
2%
biue
Jan
7%
2
preferred
Alabama
Allied Intl
21% Mar
5
—
Electric
Alabama
$6
19
Feb
5
common..
Convertible
Air-Way
Feb
50c
Corp.
Bliss
Jan
17
Week's
Friday
Exchange
/II
20%
200
19
Curb
York
Week Ended April 2
High
8%
—5
(N J)
Accessories
Investors
-Low
1/64
Inc
Associates
Aircraft
Air
-
''Z-,,
_1
..........I
Olass
Ainsworth Mfg common
Air
HUjh
18%
10
common
New
Range Since January-1
Shares
of Prices
Sale Price
Par
Acme
STOCKS
Friday
STOCKS
New
4 Va
1
60
•
100
100
116%
1
*4%
59%
4%
60%
116% 116%
107% 109
3%
4Va
Jan
4% Mar
62
Mar
20
118
Alar
40
109
Alar
7,400
4 Vb
Mar
THE COMMERCIAL & FINANCIAL CHRONICLE
1254
Monday, April 5, 1943
II
NEW YORK CURB EXCHANGE
"
»■
Retail
Consolidated
preferred
Consolidated Royalty
8%
Steel
Consolidated
Low
Par
Mining & Smelt Ltd
Stores
Consolidated
.
Oil
Corp
for Week
of Prices
Sale Price
Week Ended April 'i
■'
Sales
Range
Last
',
Exchange
Curb
Week's
Friday
STOCKS
York
New
Range Since January 1
Low
High
40'/a
5
1
100
10
*
STOCKS
New
Shares
31
300
41
High
41
Jan
3 '/a
Jan
514
Outdoor Adv
Apr
General
Public
Rayon
1,400
Jan
General
1%
1%
~i%
900
1 la
Jan
1% Mar
General
8 %
8
8%
3,200
5%
Jan
9
107
Jan
Mar
$6
T/o
Continental
84%
85
1
14%
preference
preferred A
14»4
10
10
10
100
9
15
2,800
8%
Jan
40
40%
200
37%
Jan
614
4,600
4%
Jan
40
Va
6%
6'/a
common
Feb
87
Gen
15% Mar
Jan
14%
$3
10 V* Mar
$5
40 % Mar
/!
Gilbert
6%
Mar
■
%
'A
Petroleum
Creole
W
Liquidating Co..
Croft Brewing Co
C
preferred
(AC)
6,400
Jan
*12
1%
Gilchrist
Apr
%
„
86
1%
100
,
2 V4
16%
79
Jan
1%
Jan
2,700
i2
13%
V
Jan
200
Jan
17
Mar
Glen
2V* Mar
■
Crown
Drug Co common—
preferred
convertible
"f,
Oil Refining
preferred.
Crystal
$6
Atlantic
Cuban
—5
500
538
Jan
21 Va
20%
24%
31,000
15%
Jan
10%
10%
10%
1,400
10%
Jan
10%
Class
Jan
%
h
Iff
Jan
1/2
Feb
7
Lighting
Curtis
Mfg Co
2%
8,900
3
3%
7
Mar
Inc
4»/a
600
;
Mfg
Gorham
$3
1%
yVy;
"l%
600
24
24
V
Inc
%
Jan
Gray
1%
Mar
Great
14 Vn
14%
,2%
■
%
Jan
Jan
24
Jan
Mlg
7
11
Feb
14%
31
400
1%
Feb
2%
Mar
10
89%
7% ;y 7%
7%
49%
6
6
15
Jan
17
11%
Jan
15%
32
29%
32
240
24%
Jan
32
3 Vu
Jan
1%
Jan
8'/a
■:
4'/a
4%
300
2%
—j
2%
1,100
Jan
575
26%
Jan
8
900
5%
Jan
108
preferred
&
Mfg
preferred—
Detroit
Gray
—
Foundry
Iron
20
2%
y*-"-.
100
100
1
IV*
1
Mich
Stove
Steel
Products
10
50
*
*
10
common
10
;
De Vilbiss Co
7 7c
preferred—
Diamond
Shoe
•j.
400
%
2
200
.r:.
States
25
Paper.—
& Die..
Stores
—*
—
Products
common__25c
i—
Corp
25
Utilities :$5.50
pfd
preferred
2'
Truck
Dobeckmun
Co
Jan
*
1
common
Dominion
Steel
Draper
2,800
"3%
6%
1% Mar
18%
Jan
9%
200
5%
Jan
y
.•
"5%
Harris
•
Co
64 3
; yy
10
Duke Power Co.
Durham
65
j
class B
Duro Test Corp
26
Jan
21%
k
34%
7%
Jan
8%
Feb
125
56:%
Jan
300
26%
y yy."
'
24
1%
1%
11%
11%
1%
400
y
Jan
Co
Sulphur
•
700
Plcher
Gas &
4 % 'w
67c
■-
Lead
10
Fuel Assoc
common
preferred
prior
Malleable
1%
Jan
yyy 1%
Jan
11%
Mar
Jan
2%
common
55%
58%
33%
42
2,300
Jan
19%
350
31
States
Corp.—
*
Jan
33'%
Consolidated
Co
25%
preferred series A
preferred series B—_
Eastern
Sugar
♦
58%
&
tA
Hardart
&
t
v
c
Machine
B
%
Jan
C>
Co
Share
&
$5
_
common
preferred.
$6
preferred
Electric
17%
18
550
10% Jan
19%
&
Light 2d pfd A
Electrographic
18
550
10%
19%
Watch
National
Electric
41;
39
42
V
1,310
31%
Jan
4%
3,400
2%
Jan
4%
4
•
13
,_5
V
t
4%
Hygrade
Jan
42
100
13
4
4%
13
Mar
1st
89,700
2
Jan
Div
Iowa
5','e
Mar
13
Apr
5% Mar
55
58%
1,300
42
Jan
58%
Mar
01%
7,200
43%
Jan
61%
Mar
16
18%
1,150
7
Jan
21%
Mar
500
% Mar
1
—
Co
7
15
Mfg
participating
Equipment!
&
300
92
28%
25
6%
7'%
10,000
-
32
Jan
92
80
•
preferred
1
30
common
50
1
1
common
7%
Am
dep
Aviation
%
1
1%
30
3%
Engine &
30%
800
3%
1,900
3%
13%
12%
Ford
A
Class
B
2%
•
5
(Phila>_.
&
Feb
Imperial
14%
Light $7
10
Feb
94'%
Mar
preferred—•
ord
31'%
of
9
22 %
Jan
Indus
30%
Fuller
$3
3%
Kit
common
preferred
7%
Feb
17c
Power
1,800
61c
preferred—..
Co
common
14%
Apr
International
Hydro
7%
Jan
1%
Jan
700
7%
Jan
17%
4,000
5%
1,300
5
yy
3,300
Jan
10
10%
Mar
3
Mar
17%
Co
Gen
rets ord
$3.50
30% Mar
Jan
3% Mar
;
33
33
'
30
7
6,300
618
6%
31
'■
Jan
4'/*
50
7%
36%
Jan
6 '/a
■
Jan
—y
9
9
Mar
11
Mai-
9
Mar
Jan
Apr
Jan
Va
3.500
6%
Jan
19 V*
50
23%
Jan
Mar
7
Jan
6
Vii'.a
r
8
9%
V'2
9
26% Mar
Feb
10
Jan
15%
Mar
Jan
75
99%
Mar
:i
17
I
24
Apr
.21%
Apr
9%
Feb
y 29%
Jan
a3'a
19V*
•
—
Jan
20
103% 103%
>
26
25%
Aiir
20
Jan
yi. 34
Mat-
23 %
'
113
■
'
.
77'%
74%
4%
4%
_
-
'
1.000
■'
60
Jan
3
;
Jan
Mar
Jan
26
Apr
113
Jan
Jan
:.y
r
105
Feb
14%
5.700
5%
a3!
103% Mar
300
26
1
800
12
11
12
lif
400
8
Jan
183* Mar
78
Apr
5%
Jan
y
Jan
*
Mai-
Mar
12
Apr
Jan
4
5/u
4%
3%
4%
1.000
2,400
1
•
2%
2%
2%
50
34 Va
32r'«
34%
•••.
1%
Feb
Jan
yy 4%
Feb
Mar
•
;
83%
875
81%
Jan
88 %
Jan
4%
2,900
3%
Jan
4%
Mar
20'/*
300
15%
Jan
20V*
Mar
86
yy-
4 y\
4
20 %
65 '/a Mar
Jan
19% Mar
15%
1 %
Feb
Mar
15
15
Mar
15 %
4%
Jan
2 V* Mar
15
2%
4,400
2%
Jan.
1
12
12'/*
550
11%
Mar
12%
15
21
21%
200
19%
Jan
21%
•
c
prior
Interstate
Mai-
Iron
Elec
series
$6
For footnotes
A
60
61%
Jan
7% Mar
68%
61% Mar
Jan
72'/*
see
page
1257.
7%'
15%
101
Jan
Jan
Jan
—
"7%
100
16%
900
101%
50
Apr
19%
Mar
16%
Jan
91
Jan
101% Mar
20
7 V*
22%
Feb
13%
Jan
96
Jan
22%
23
1%
Feb
24% Mar
20
20 %
Jan
25
%
Jan
200
1%
■
15%
24%
200
74 %
76%
1.550
69%
Feb
13:'R
100
12 Va
Jan
2%
13%
5%
5%
6
1.000
2%
2%
3
4,700
17 %
Razor
J6;y
17%
17%
17%
8%
shs__
8%
14.400
200
24"*
76'4
yy^isyy
Mar
Mar
Mai-
Jan
7%
1%
Jan
3
Apr
Jan
8%
Jan
13%
Jan
17%
Apr
14
Jan
17%
Apr
6%
Jan
72
5.500
9%
Mar
B
6
v;::-
700
;y 6
5%
%
100
14%
16%
950
40%.
41
300
V
Mar
9% Mar
1%
Jan
Mar
3%
Jan
6
L
Jan
%y%
Feb
Jan
16%
Mar
Jan
41
rf;:
Hi
7 %
32
Apr
y;
....
Mills
3V*
33B
300
3
3'/*
100
...
3%
3%
Jan
21%
Feb
1%
Jan
3 % Mar
%
Equipment—
$7
Jan
1% Mar
Jan
23%
75%
preferred—
Hosiery
•
23 %
preferred
~-/yy
'/*
is -yy
17%
19
10
—„
10
10%
•
Feb
% Mar
22
Jan
Feb
425
14%
Jan
19
500
7%
Jan
10%
200
%•
:
(F L)
Co
„1
Glass Co..
...
_•
Jersey Central Pwr & Lt 5%?«- pfd—100
6%
preferred
f
100
preferred
4%
4%
—..vl%
—
76
-
Vu
Jan
Mar
Feb
% Mar
*
,
5%
5.800
2%
Jan
2%
800
1
Jan
78%
50
66
Jan
78%
30
69%
Jan
85
Mar
Mar
85
*
>
•
5% Mar
2% Mar
Apr
95
15%
96%
30
79
Jan
9634
15%
100
Kokenge Co
-
83%
...
1 %
%
2
!
10% Apr
15'%
50
15%
Apr
15% Mar
Jan
119%. Mar
12
14'
7% Mar
Jan
1
9%
-
Jan
Mar
Jeannette
•
9%
6% Mar
4% Mar
Jacobs
•
1,200
10
Jan
Apr
10
common
preferred B
10 %
17%
coupon
...
Mar
1
9%
10%
'/*
Home
Feb
Apr
1% Mar
K
Kansas Gas &
Kennedy's
common
11% Mar
1
Superpower A
44
£1
Jan
50
Mfg voting trust ctfs
Air Chute
Italian
Jan
5,100
12%
9%
5% Mar
A
Fireman
Irving
29
1%
Jan
100
Royalty..*
200
—
6.500
11%
♦
Inc
Industries
Investors
44
1 '/*
12%
8 V*
series....
Power
42%
—
Apr
Apr
Electric—
Interstate
42%
'
16%
11 %
preferred
Mar
•
Jan
11%
*
■
10
—
Products...
$1.75
15
45
—100
America
Utility class A.
Jan
1 '/2
9%
12%
1
Machine.
Safety
9
_
5,350
13
B——
1,700
_
16%
7% Mar
16'%
100
shares
Class
15
•
34%
Jan
&
common
International
14%
375
5
Britain
International
'
14%
100
Jan
3
——i—£1
Petroleum
Interstate
200
3%
25
7
preferred.100
Industries
$3.50
86
Jan
3,100
5.800
6%
7
£1
Metal
Registered
Apr
Jan
Jan
Jan
1
reg
Fireproofing
Gas &
M«ar
Jan
Jan
1V2
'
23%
5
of -North
International
Apr
5%
3%
57%
y
Co Ltd—
preferred
General
5
3%
19 Va
700
15%
8% Mar
16%
•
General Finance Corp
5%
Mar
1.000
600
100
t
v
Jan
12%
100
Co common
Alloys Co
Amer dep
Feb
yy2
3 Va
1,000
i
preferred
7
•
nreferred
Eiectric
200
5
3
•
preferred..——.
Julian &
Gen
IV*
Feb
30%
29%
3'/a
5
preferred
Insurance
Apr
1%
5 7c
5
y'y
30
.5
—
Service
1
Co
convertible
General
Jan
21%
*
of? Great
Cigar
11,100
.
1
Malt
&
stock
Gellman Mfg
■*m'^
—•
International
1
Distilling
Grain
(Geo A)
Gatineau
6%
Jan
24
coupon—
Mar
5
Co
participating
conv
1%
.,
J
regis.;
(Can)
30
3
——10c
Brewing
Co
;
21
*
£
Jan
Engineer—
!
SI.50 preferred
Conv
ft
800
..
23%
'.'o
Co
Jan
•
Foundation
Froedtert
1%
•
preierred—
Industrial Finance
Apr
___•
Yards
Franklin
P'eb
■!.:
Products
2%
8%
10%
V*
16%
5%
*
voting
(Peter)
Feb
48
Mar
IV*
Canada—
Stock
Fox
20
Jan
1
Tobacco
Indiana
Mai-
Jan
2%
17
£1
reg
non-voting
Common
Feb
•
Indianapolis P & L 5% %
Jan
Jan
22,600
8
ir\y
10
Worth
Fort
Jan
42
225
preferred.—..
Ireland
7'% Mar
Ltd—
Co
rets
Motor
Class
.
Co
Power
dep
Ford
1
Airplane
Metallurgical——.
Motor
Am
4 %
17%
100
^1
5
Corp.
International
10 %
1
Association
Florida
800
200
94
Co
25%
.1
Brewing
Mfg
5%
19%
48
"
48
•
Securities
rets
Preferred
Fire
5%
19
48
88
—...
International
Fedders
Feb
Mar
47s Mar
Jan
common
International
Fansteel
110
Imperial Chemical Industries—
Mar
29 %
Jan
88
6%
1
Line
4%
Feb
Jan
5%
26
29
90%
5
Inc
Eversharp Inc
7%
28%
6%
10c
common
convertible
Fairchild
Mar
4% Mar
:*y 7%
M
Registered
stock
Power
Derrick
Falstaff
106'%
—
..10
I»c-_
Power
Imperial Oil
U
Empire
Fairchild
Jan
200
certificates
Zinc
Illinois
58
100
Pipe
40
ApiMar
%
10
...
convertible
arrear
17%
pfd
$3
Apr
338
45
Apr
4%
58
Empire District Electric 67b
Eureka
10
Jan
107%
—
109% 110
102
'■
Jan
Jan y
10
Refining...
Food
60%
4
Esquire
T%
37%
Jan
common
for
c
•
.-
Corp
700
9,400V
Feb
...
Corp
Elgin
Emsco
%% 5%
«
3%
45
22%
Imperial Tobacco of Canada..
Equity
8,900
10
8%
3
43%
26:%
Baking Co
Fibre
Hydro-Electric
Feb
17
Co
Ligonier
*
&
warrants.—..
Emerson
Mar
100
Oil
*
Power
Option
36
,
100
common..
(Harvey(
Huyler's
Feb
17%
•
Economy Grocery Stores..
Bond
Jan
35
100
2.50.
,*
preferred
Illinois
Washing
Electric
27 V*
Feb
Associates—
preferred
Easy
Feb
1,150
;34%
:>
—.*10i
;
G
Hardart
Hummel-Ross
Apr
1
.
134
75
•
A»
&
Hussmann
•
—
Mar
8%
—
(Geo
Mar
%
127%
8%
common.^
Inc
Humble
Api-
Jan
100
50
26 V*
——
,
Horn
Mar
Ja"
20
58 %
32'%
<
■
,
•
& Co class A—
Hormel
10% Mar
U
25
$7
$5
4,400
129
Mai-
2
common
(R)
Holophane
Mai-
E%
5,600
2%
100
Iron
$6
-
10%
1%
L;
Chemical—.-—.
Horder's
4 :V;' Mar
c
'
Eastern
>
2
100
preferred
Eastern
10
1014
•
" 129
5
Rubber
5 7r.
East
5% Mar
'
25
Hubbell
Eagle
5% Mar
67'/*
*
Holltnger
Mar
73
Jan
8
y
Jan
•
—
Horn
Texas
Jan
3'/*
■
25c
common
Horn
Duval
3%
625
10
3%
50
;
_
Class A—
Hoe
27 Va Mar
y
,2%
goo
200
2,100
Feb
67
Jan
66
Vj
31s
Apr
'
/ 44.
...—5
preferred
Rubenstein
New
Jan
600
3%
1
:•
common
^^'•.y.y
*
common
Stores common
Hewitt
'
*
Hosiery
Feb
Mar
\ 70
1
Henry Holt & Co participating A—
9% Mar
65
4
5%
'5%
1
Mining Co__
Heller
Mar
1%
8%
ctfs
trust
CoL
convertible
Hecia
Helena
Mai-
21%
25
voting
Preferred
•
B
Corp
Driver
Ltd
Coal
&
25
....
...
10% Mai-
5%
26%
69
.
10
_
Light
Brewing
Heyden
Dominion Bridge Co
Paper—i
Hearn Dept
30% Mar
"5%
5%
30
Jan
5%
5
Hat Corp of America B non-cot com__l
Hazeltine Corp
._——_*
Mar
4 Va Mar
Jan
Co
Rayon
Harvard
12'% Mai-
18%
Jan
9%
1
common—
Feb
22%
5%
514
*
;
Alabastine
Electric
Hartford
Mai-
10% Mar
—
-7;::; ■
27
:
Mar
71
Jan
Lamp
Hartford
Mar
2
29% Mar
'
26%
•
—
Lime &
i'
:y>J%
.
—
■.v
,
Feb
•
Jan
Tea—
stock..
i
Mar
Iff
200
'
•-
24%
;
—
■
1
5
Mai-
;J!
Jan
1%
129
Hammermill
common
Divco-Twin
96
H
Mai-
111
Jan
Jan
14%
-
10
20
23,400
v
—
Oil
Hall
2% Mar
57
Mar
18
9,600
18 %
18
x3%
^
100
1%
4
3%
3%
62 "2
f:.-
18%
1%
18
1
:i;%y
100
..'
rl
Mar
35% Mar
■•rr,!;:' y, V.
■■
Api4% Mar
Feb
1%
2,300
■;
v'
18%
■
—
110
; y•
2%
—y.y-'.!y
Detroit
common
a-.—'
•
"2%
Detroit
Co
6% Mar
17
13% Apr
Jan
50
100
Gasket
6%
Apr
8
Jan
Jatf
Mar
49%
'
'
Detroit
,>8.
35
7 %.
Mar
35
♦
*
1
Jan
89 %
Jan
34
Mai-
1,250
com
Jan
Jan
35
7%.
*
•
Gulf
$6
2,700
debenture
45
*
;'i
common
Northern
Gypsum
15%
convertible
^
4%
10
Feb
Mines
Pacific
&
Greenfield Tap
Mar
13 %
87r
100
49%
Feb
35% Mar
104%
Jan
preferred_Li——i.~——-100
1st
Great
Mar
15
A
Jan
4%
iL_—;
Co..
Atlantic
Grocery
"9
■
11%
Derby Oil & Refining Corp
Jan
....
Mar.
4%
12%
Rapids Varnish
Mfg
7%
Mar
15%
class A common
Jan
200
j
;■y%V-../y
Feb
13
prior preferred
3%
■
1% Mar
71'
106% Mar
10,800
common
Non-voting
% Mar
Feb
■Q~
$6
Jan
6%
A_j——a...
.
Grand
Feb
6
•
23,300
2%
Ik
■
•
14%
Mar
7%
19 %
200
class
Mar
4V'8
■■
100
%
3
Jan
*
1
Dennison Mfg
Jan
16%
L.
Co
preferred
Jan
Davenport Hosiery Mills
Dayton Rubber Mfg
1
—5
50
Jan
100
.....•
Consolidated
1%
Darby Petroleum common.——5
Dejay Stores
%
52%
340
15%
—
...
Goodman
24% Mar
D
convertible
4,100
..-.'V
15%
Sugars class A—
B.
Gulf
Class A
Feb
Apr
..*
.
preferred—.
2%
1,400
2.50
5
common
(Mo)
1%
103%
V
*
Coal
Goldfield
6% Mar
3%
*
common
Curtis
1%
68%; (71
*
Co
High
72%
56
y
■
6%
10
Sugar
Tobacco
Cuban
common
Jan
.
,t
Alden
Godchaux
17% Mar
6%
5
•
25c
25
*
A
Cork
30
.
Jan
250
Feb
88
6%
*
International
Crown
61
57%
'
84%
Gorham
Crowley Milner & Co—
Crown Cent
Petrol (Md)
«A
110
;
—
*
*
——.—-.*
*
-
common..
Preferred
$7
(ord reg)—£1
5
*
1
dep receipts
j
Low
70
—
*
pfd A—100
Power $6 preferred
Range Since January 1
High
-i,
Electric common—1
&
preferred
Georgia
15% Mar
-
Courtaulds Ltd—
American
Water Gas
6%
Shares
48
57%
1
com
preferred—
Rubber
'
'•
5o
1
*
1
—50
preferred
convertible
5%
Jan
14%
*
.
Petroleum
Cosden
Jan
•
*
Cooper-Bessemer common
Copper Range Co__
Cornucopia Gold Mines
Corroon & Reynolds
$6
'!
9'%
•
Cook Paint & Varnish Co
$3 prior
76
2,000
14%
Steel
Roll &
50
100
preferred
prior
&
Sales
for Week
69%
*
Shareholdings Corp
Tire
Low
pfd—
100
preferred—*
A stock
Co
convertible
General
Continental Gas & Electric Co—
$6
,
of Prices
Par
4
;
Range
•- Last
Sale Price
'
'
'■
6%
Service
Week's
Friday
•'*,
Exchange
'r-V-■
%y
General
5%
107
Curb
Mar
%
4
York
Week Ended April 2
12
Mar
3% Mar
71/2
16%
107
Feb
Apr
Mar
Elec 7%
preferred
Inc
Ken-Rad Tube
5
&
Lamp A_.
Kings Co Lighting 7% pfd B—
5%
preferred
Kingston
Kirby
D——
Products—'
Petroleum
!
115%
100
•
6%
Jan
5%
Jan
14
Mar
Jan
x48
Mar
32
Jan
36
10C
100
1
1
8%
600
2,600
47
8%
8%
14
3%
Apr
Jan
3
3%
7,400
1%
Jan
3 Va Mar
3%
4
4,800
1%
Jan
4
Mar
Number 4165
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
STOCKS
New
York
Curb
Week's
Friday
7' .Last
Exchange
Week Ended April 'i
^/\
v^-;iv
Klrkland Lake G M
Co
Klein
;
Sales
of Prices
Low
Par
STOCKS
for Week
Range
Sale Price
New
Shares
January 1
Range Since
High
Low
Emil)
Klemert
Knott
(I B)
Co
Ltd
1
Kobacker
Rubber Co
Stores
Koppers Co 6%
Kresge
4 '/a
Jan
Jan
10
Inc
6%
6%
100
9934
560
4 Vb ' Jan
•
preferred
10
100
96 %
96
Feb
92
6%
Jan
Apr
convertible
1st preferred
special preferred
(3 H)
Kreuger
Brewing
Feb
10
Nelson
Co
preferred
lQO'A Mar
5'A
47/b
500
4%
13
Jan
Lake Shore Mines Ltd
12%
13 3
4'A
100
38%
1
—A.
Corp of Delaware
—5
Lane Bryant 7% preferred
Lane Wells Co common
3%.
3%
■
-100
England Tel & Tel
Haven
Clock
1
9%
__
_
1,800
4%
Jan
7%
Apr
3,000
13 lA
Jan
16%
Apr
65%
65
667 b
3,800
57%
Jan
68'A Mar
l'A
Jan
&
25
Auction
Arizona
Co
Land—
1
■
17 v
Lelcourt
Realty common
Convertible preferred
Lehigh Coal & Navigation
%
%
1
*
/,
Leonard
Oil
-
Mar
N
Y
City Omnibus warrants—
6
Mar
N
Y
&
Feb
101
Feb
N
Y
"3% "3%
7.
;
7 7 7 100
22%
250
Development
7%
8%
ft16
25
1
(E G) Inc
Material Co
50
12%
N
—5
10
A
24%
Mar
5%
% Mar
2%
Power &
Light 7%
preferred
$6
Founders
22
N
Y State
Feb
N
Y
Feb
Niagara Hudson Power
5%
1st preferred
10% Max-
17%
Jan
108
.*
99
108
Va
108
30
98 Vs
99
21%
1
Apr
Jan
preferred—100
shares
3/a
30
7': 7%
1,800
Jan
5% Mar
Jan
22% Mar
10% Mar
18
21%
102
40
Jan
108%
99
500
16%
21% Mar
19% Mar
Electric & Gas $5.10 pfd.100
Water Service
5%
2d
6%
pfd
106
10
100
preferred
107
Jan
280
102 %
Jan
107
Mar
49%
150
36%
Jan
55
Mar
2%
58,900
1%
Jan
2%
Jan
58%
69 %
2,350
54
Jan
69'A
Apr
49
54
70
42
Jan
54
Apr
49 V*
100
common
Jan
2
2%
67
100
'
Lit
(Thos J) Inc 6%
Brothers
Locke
Steel Chain.
Lone Star
Gas
~
*
__
7%
Louisiana
Power & Light $6
Lynch
Corp
400
optional
Class
Jan
A
Jan
1
Feb
30%
Feb
Nineteen Hundred
500
20
Jan
Feb
Nipissing
6'A
8
3,000
2%
5%
27'/a
Jan
26%
7
600
26%
Mines--
B
convertible
$5
Manischewitz
Ma pes
preferred
(The B)
Consolidated
Marconi
2,900
3 V.
400
% Jan
2%
♦
1 % Mar
4 V2
Jan
Jan
57
Mfg
f.
*
«'■'•••
—
26
70
Jan
16
16
11
100
•
5%
5%
6
3,800
1
Harris common..
Massey
1 'A
%
1%
Jan
6,300
6%
6%
200
•
Radiator & Mfg B_
McCord
McWilliams
Mead
t c
v
&
2°,8
•
Dredging—:
Johnson
3V4
Feb
Co
139
•
/
5 \
Mercantile
common—
Manufacturers class A__l
•
Nor
Central
Indiana
7%
Participating
preferred
Chapman
&
7
Scott
3%
—
3'A
rsv.__V
Corp
27V
7%
77V
Michigan Steel Tube
106
108
1
1 %
15
16
Middle
Midland
Midvale
Co
8»A
Midwest
3
10%
Jan
Apr
37/s
Jan
%
1'A
6%
Oilstocks
Mar
23
Mar
,'Jan
.
8V2 Mar
Jan
% Mar
98%
Jan
1% Ma
108
1
7
.7,7"'
7
Jan
Jan
7%
7%
Jan
500
67b
Mar
4%
Mar
5%
Jan
Jan
6 %
$3
7%
7%
77b
$2 coiiv preferred—*
8%
8%
8 %
V's '
•
Jan 7;
6
.
-
:7 1
50
2 Vb
8%
Feb
7% Mar
Supply..
2'A
•
4%
Jan
7%
Mar
>'100
8%
Apr
97'b
Feb
•
Dakota
1% Mai-
157 a
Jan
1,675
25%
Jan
2 J8
-':r
2%
1,100
1,300
19
2%
600
'
'2.'^
•
.
55%
54%
pfd
56
8507
?:
Ltd
8
Jan
Jan
Jan
14
:
1%
1 %
50
Jan
Jan
Jan
100% Jan
♦
—
7%
200
5%
Jan
9%
700
8
Jan
8
19%
8%
,19%
i-
2
1
A—
7%
9%
8
1
common
77
97'«
2.50
*
t
•
9,100
20%
2 7-
1,050
2Vb
700
10
•
4%
3,700
1%. 71 %
—1
Mar
35%
Apr
2% Mai8%
19
Mar
Max-
2% Mar
1
%
Jan.
59% Mar
200
•
101
pfd
•
Mtge Bank of Col Am shs
Mountain
City Copper
Mountain
Jan
Feb
%
Jan
9
Mar
21
Mar
Jan
1% Mar
165
Jan
2% Mar
1%
Feb
6% Mar
Mar
21%
171%
Jan
Jan
21%
Feb
7
States
States Tel &
Power
common..
Tel
"2%
7
•
6%
200
*■
r2'/8
:
;
.
—2Va
94
A
■
'
20 %
Jan
Mar
29
B
common
prefened
:7:"l%
Jan
"2%
Pacific
Breweries
47b
Jan
6%
Mar
15%
100
•7 V- 7-r-
..ii,.
■
-?V
*
10
J
_
12%
600
13%
14
7V
300
10
V
■7%'69
Pacific
Co
2,600
69
20
1st
i„
Candy Co__
National City Lines common
$3
convertible
13%
Jan
15% Mar
112%
Jan
9
Jan
12% Mar
12 V2
Jan
14% Mar
.41/2
Jan
10
Jan
69% Mar
57
120
Mar
Fuel Gas
Mfg & Stores
$6
Pwr &
common
preferred stamped
Refining
National
Rubber
National
Steel
Tunnel
National
Union
For
300
15%
Jan
1734
50
44 Viz
Feb
48'A Mar
9
Jan
8V2
Jan
10% Mar
IOV2
10'A
10'A
12.900
*
3
99%
,
96TV; 99'A
400
2,250
5%
;
,
♦
_30c 7
page
3
10'A
5%
100
10Va
10%
1.000
»
Radio
16 %
Jan
Mar
7
Mar
22
Feb
4%
7,000
2%
Jan
4%
Apr
21%
700
17%
Jan
21%
Apr
93%
200
91
Jan
94%
Feb
1257.
7
106 Vi
Jan
113% Mar
113'A 113%
50
107
Jan
113% Mar
105
25
103% Mar
105
10'A
10%
15
19 '/a
19 3
49%
•IT**
Jan
10'A Mar
Jaxx
19% Mar
6%
1
6%
7
Jan
110
Feb
115
Mar
100
:
7%
Feb
8
Feb
100
3%
Jan
5% Mar
500
.
48
270
5 % "
5%
350
7
7%
5%
Max-
8'%
16%
49% 50'%
111% 112
7%
106
100
2,100
B
*
73%
Jan
6%
•
common
6%
1st
pfd
!
25
50% Mar
Apr
Pen
31
Jan
33%
Jan
300
28%
Jan
30 %
Mar
X105
106
50
102%
Jan
107
87
88
Jan
88
*
4%
60
4%
Jan
Feb
17
72%
Jan
79 %
5%
Corp
5%
1,000
Telephone
20
--
20
350
■':';7r- "
15
—*
34
34 7
34
♦
32
31Vs
32%
350
32'A
32'A
32 V4
50
common
A
25
Cent
Penn
Elec
&
Power &
$6
class A
Mfg
Securities
Conv $3
Pierce
Pitts
Bess
&
Co
Apr
4% Mar
Jan
12% Mar
60
60 •;::
60
92
92
2% Mar
87%
3%
6%
Jan
3
99 %
Apr
Mar
Apr
Jan
6
Feb
Jan
10% Mar
Feb
40
40
19% Mar
Feb
9'
Jan
50
7
Jan
13 %
800
11
Jan
13%
Mar
2'A
2 Vs
2%
3.300
Mar
2%
Feb
2%
2%
2%
2,700
18
430
55%
_I
56%
350
109% 111%
Mar
1 % Mar
76
Jan
Jan
87
Mar
Jan
170
Feb
50
6%
1,300
7%
2,100
51 Va
10*
7%
5%
7
33
33
5%
50
Jan
Jan
21%
5%
94
Jan
4
Jan
5
Jan
31%
4'A
Feb
Jan
Mar
% Mar
58% Mar
112
Mar
31
Mar
^
6% Mar
7%
Feb
Mar
33
6
Mar
5%
400
1
17%
16%
17%
10,700
8%
Jan
18% Mar
49%
49 %
50%
1,550
42%
Jan
50% Mar
8%
Jan
10% Mar
9 Va
9%
200
"l%
1%
1%
14,300
7%
7%
7%
500
Meter
RR
_sq
56%
10
12 %
25
93%
55%
720
57
Jan
Jan
Jan
39 Va
47 3'
Jan
58
Mar
14
Mar
common
12%
400
10%
Jan
93%
2.600
84%
Jan
3%
3%
1.100
7.50
common
12%
99%
1
Glass
13%
13%
12 %
12%
10
I25C
Mining Co
common
5
&
Alexander
•
Gold
Mining
Apr
3% Mar
100
8%
Jan
13% Mar
12 %
Mar
12% Mar
1
81,600
A
Jan
1
7,000
334
Feb
8
1,700
4%
Jan
5%
Feb
5%
10
7
5 %
1
Inc
93 %
Jnn
25
V
Jail
5%
Jan
*
Lambert Co
2% Jan
7% Mar
8
11
1
7%
5
of Canada
1% Mar
1 Vs
6
38
50
Plate
&
Apr
34
% Mar
Metallurgical
Pratt
60
Jan
Jan
74%
•
Scale
Jan
\u
10
common—,
Valley Wine Co_
Powdrell
94
1
Sugar
44
100
1
150
Pittsburgh
Potrero
1
II
♦
Pittsburgh & Lake Erie.
Inc
25
27%
11
i«
•
E
Mar
32%
Jan
Postage
L
Mar
32'A
9%
common——.......
Mines Ltd
Gold
35
Jan
Feb
3%
25
Governor
Pioneer
Jan
28%
32
1,300
•
pfd
preferred series A
Pitney-Bowes
Mar
12,700
1
common
Packing
16% Mar
434
•
Phillips
28
20
Jan
12%
100
Co
Power 5%
Jan
9%
4%
——•
Pilaris Tire & Rubber
Philadelphia Co
14
20
Co—
Circle
30
_•
Penn Water & Power Co
Perfect
3,100
Feb
Mar
11%
I50
Mfg Co
Sugar Prop common
Pepperell
16:%
5%
6%
4%
Light $7 preferred—*
Salt
Penn
"
Jan
Mar
11%
•
com
preferred
Penn
Feb
3%
1
Airlines common
Pennsylvania Edison Co $5 series pfd_*
$2.80 series preferred
.__»
Gas
Apr
Mar
1
Pennroad Corp common
Penn
4%
6 %
23,800
1
1
Mar
Mar
3%
15%
10
preferred
73
•
*
Parkersburg Rig & Reel
Patchogue Plymouth Mills—
$1:40
Mar
1,500
100
___.
Co
Peninsular
11
32%
30%
•
common—
Motors
Jan
31%
30
Pantepcc Oil of Venezuela Am shs
Paramount
8%
31;
25
Service
Pagc-Hersey Tubes
Premier
5%
•
Prentice-Hall
Pressed
17
7%
13
19%
8
2.400
2 Vb
%
Jan
8
Mar
2% Mar
common.
of
Metals
America
26
23%
700
26
Corp of Nevada
Prosperity Co class B
Providence
Gas
Jan
19
Service
of
7%
6
n
>4
4%
4%
2,800
Apr
Apr
26
Apr
4%
7%
100
preferred
Puget Sound Power & Light—
$5 prior preferred
preferred—
Pulp & Timber
Pyle-National Co common
P.vrene
7% Mar
Jan
A Mar
5
Jan
8% Mar
105 %
100
1st
Sound
Feb
Jan
Jan
Colorado—
1st preferred
$6
Jan.
34
Mar
400
•
6 %
Puget
10
U
Jan
Jan,
1:»/.
3,900
V»r
*
7%
>
%
7,200
34
1
—
"
%
1
Producers
Public
12.50
see
900
Feb
106
7
11% Mar
•
1,500
_•
footnotes
Mar
17%
10%
I_*
Ltd
Mines
18
48%
10%
common.
&
Mar
*
Transit
National
U Mar
17 V«-
10%
National. Sugar Refining
——III*
National: Tea 5%% preferred—±.
10
National
Feb
48 %
17%
1
Machinery
Car
12%
Jan
18
Light $6 pfd unstpd—*
National
Jan
40
Power Corp
•
National
4%
112% 113
50
Apr
•
1
—
Jan
10
4,900
50
(Del)
National
National
100
*
preferred—
Container
1,400
21
5
preferred
Pneumatic
11'
1
common—
National
National
Feb
100
pfd
common.
preferred
Public
$1.30
Plough
11%
•
_
common
95
100
1st
Filters B
& Elec
1st
Polaris
National
Jan
102'A Mar
•
67 B
82
100
Lighting $5 preferred
Power & Light 7% pfd.
Pacific
Mar
2,000
N
Hess
10
J—
3%
prior preferred
Can
Pleasant
Bellas
4%
92%
Pittsburgh
National
Mar
I;! Mar
21
*
preferred
Phoenix
10.500
12
*
Nachman-Sprlngfilled
94
1
Gas
5% %
'
'
100
_—
6%
7 15 VB
*
—
Muskegon Piston Ring-
2',2
63/«
*
100
Murray Ohio Mfg Co—
Muskogee Co common
6%
preferred
29
'
_5c
common
10
Mountain
29
—
—
Producers.
Mountain
Mar
53
Feb
1,300
pfd_100
Securities
Pacific
7'A Mar
10 V2
Jan
17
5%
166% 167
*
.—
Light Heat & Power
Investors partic
6%
common
Phila Electric
Moody
5
class
Natural Gas
conv
Overseas
Penn
100
common..,
A___
1 1
67a
150
19
pfd— 100
Utilities
Ward
100
■
jxfy-
7-
Mfg
Loan Society
Montreal
3
20,900
8V2
b
8'A
19
•
Machine Tool.
Montgomery
x3%
Jan
35%
2 V
'
-
•
.
Montana
Oil
Omar lnc__
Mar
8
187 b
327h
35'A
.10
—10
„
Voehringer common
Molybdenum Corp
Monroe
Feb
...
187b
•
Pictures
$6
United
Parker
*
shares
Refineries
Monogram
V,
preferred—
$5%
Mar
__5
common
Mock Jud
Monarch
*
Service 1%
Pacific
%
200
:
% Mar
3.300
2,200
Public Service
27
31V2 Mar
17
9,100
Mississippi River Power 6%
Mar
27
Jan
Feb
4%
1%
Mining &
Feb
Mar
2
300
-
4%
Pwr & Light ,7%
Mar
Jan
Feb
Feb
1%
■
r
*
i9a
2,200
6
6 Vb
Minnesota
Va
62
——_50
class
Co
Oklahoma
3
?! T7:. Jan
100
l'A
Minnesota
% Mar
4Vis
Jan
1st preferred
Feb
Jan
•Is
1,800
2
4%
Mining Corp of Canada.—
Missouri
100
21%
Jan
24
Jan
5
•'■■75'
5%
&
26 %
♦
139% Mar
Jan
Products—
Piping
Mid-West
26%
"l
O
Public
100
l'A
Co
22 Va
275
378
Ohio
27
2,400
5%
common
Oil
Midwest
Jan
59
4
Power 4%%
2%
200
3
u
1
1
v
Abrasive
Mid-West
52%
58
58
Ogden Corp common
Ohio
125
1,500
_1
$2 non-cum dividend
Jan
20'%
Mar
200
3'A
t c_l
Petroleum class A
Midland. Steel
Jan
aV
20%
Brass
Jan
57h
10
———
Oil Corp
3'A
6,600
•
Edison
28
%
—L_*
Corp
Jan
300
3.',
"'8
12% Mar
__
1
v t c
West
3A
4%
'/4
Apt-
-
B
Jan
Corp
Ohio
Jan
__
•
Micromatic Hone Corp—-
Slates
8%
91
Feb
Mar
Apr
IV4
108
2
__2.50
Micnigan .Sugar Co
Class
13,000
5'A
6%
8
T„
___25c
Participating preferred.
Metropolitan Edison $6 preferred
Michigan Bumper Corp.
Middle
Feb
12%
5%
Apr
21
*7
1
Preferred——
103%
12 Va
Mar
19
100
—
Iron Co
Textile
Jan
12%
Securities
Power
57<
1,600
'
—*
;
6%% •■' A preferred
Apr
100
States
Novadel-Agene
4
'
Messabi
5%
51%
Public Service
IV
2,100
■'
Metal
Jan
23 Va
Texas
4% Jan.
_*
—.
1.
3%
♦
preferred
Oliver
Warrants
1,400
25
*
Merritt
5 %
•
Utility
A Jan
1034
139 A;
138
-
*
Merchants &
5%
50
North Penn RR Co
Feb
28
Rayon class A_.
Jan
27b
9%
10Va
'—•
Memphis Natural Gas common
Stores
5 %
_5
—
•
Ohio
—
Mass Utilities Association
% Mar
Com¬
•
Steam Shovel
Jan
2
Co
Marine
A
Jan
1
American
Northern
Ltd
Co
Margay Oil Corp
Marion
1%
Co————.'—*
International
munication
%
Jan
V4
& Power common—1
common
Northern
35«
*
prior preferred
North
1
l/j.28
500
Mar
M
warrants—,
65,700
%
1
preferred
6%
Stores
1-64
100
Corp B
Electric
Class
Mangel
5
1-64
%
preferred
Amer Light
$6
Feb
107
Jan
18%
North
A
Noma
Mar
8
103 7. Jan
•
Apr
6% Mar
Jan
10,800
7%
North American
Manatl Sugar optional
1-64
Niles-Bement-Pond
Jan
27%
24
warrants
optional warrants
Niagara Share class B common
6 Va
'
5
B
21%
—
common.
A
Class
200
•
pfd„
15% Mar
Class
500
7%
'
Jan
12%
Api-
4,600
6
7%
'
1 %
%. Jan
%
26%
-
6%
1
Exploration
■
7%
IB
30
27%
Land
1-^,
900
30%
7%
\i
_
Louisiana
&
15'A
30
*
Packing.
14%
•A7 •■'
■
1 %
•
...100
preferred class B
Loudon
-V
•
1%
15%
•
Corp
7
'
—
1%
5
_
Long Island Lighting common
7% preferred class A_
6%
25
preferred
common
Mar
95'/a Feb
'
Lipton
Feb
Feb
3% Mar
10% Mar
10
—.10
8%
7:7'.
Jan
V.
10%
31
Feb
N Y Shipbuilding Corp—
Feb
14
Jan
600
28%
9%
•'•w—
Jan
18,100
.
:
Feo
4%
34.100
%
28
;:'?'
Feb
% Mar
■
8%
%
28
...
2%
...
Rosario
Merchandise—.
2%
Jan
9% Mar
Jan
\
2%
^■■■-•"'■-'■—
•
7'
Line
3%
Feb
100
.
Le Tourneau
Jan
6%
1,700
28
•
common
Honduras
77
2
1%
*
2
"
Feb
7%
3%
—
101%
16%
N
200
5%
Jan
5%
Apr
V.
5%
—
Feb
87 Va
147 v
13 3b
'
_
180
6%
Jan
9%
—
«
B__
997s
167«
77 8%
100
Mar
11%
*
Mexico
rJ: J;
40 V2
•
Jersey Zinc
Y
98'A
997'a
100
Process Co common
100
Jan
Co.
New
1,400
'
_
9%
Langendorf United Bakeries class A„♦
Class
•
—
25%
common
Inc
Feb
•'
'
3% Mar
17% Mar
9% Jan
31%
5
37 Vs
37%
100
■
.
4% Mar
Jan
■
preferred—
Jan
3%
5
■■
Mar
Jan
1
600
preferred
$2
'
Lakey Foundry & Machine
9
1%
;
Feb
20%
'
Mar
100
3»A
8,300
b
Feb
5
7% Mar
4'A
3
710
29%
13'.
1
27%
110
Jan
•
New
29%
..100
Feb
3%
•
New
J)
Jan
104%
•
Jan
5'/a
High
,I
12%
5
—
England Power Associates
New Idea
Lamson
400
*
Corp
New
(N
Low
17'A
Nestle Le Mur Co class A
6%
12 % Mar
1
Range Since January 1
High
17
17%
Shares
100
1st pfd
(Herman)
Neptune Meter class A
100
——10
Co__
RR
Sales
for Week
Range
of Prices
Low
*
Power 7%
New
Lackawanna
Last
Sale Price
New
—
Dept Stores—
Kress
Oil
Navarro
Nehi Corp
1
Week's
Friday
Exchange
Par
Nebraska
Corp common
Curb
York
Week Ended April 2
High
common,.
(D
1255
Manufacturing.
•
110
110
*
53%
•
11%
5k
10
10
Feb
110
Mar
101% Jan
45% Jan
112% Mar
108% 112%
2,550
51
54%
12,400
54%
Mar
10%
11%
900
7%
Jan
11%
Apr
10%
50
8%
Jan
10% Mary
10%
8
110
8
8
83a Mar
THE COMMERCIAL & FINANCIAL CHRONICLE
1256
for Week
Shares
of Prices
Sale Price
Week Ended April 2
STOCKS
Sales
Range
Last
Exchange
York^Curb
Week's
Friday
STOCKS
New
New
Range Since January 1
,
Low
High
Low
Par
1
York
*
92
88
92
220
70
Jan
92
Mar
6%
100
preferred
Power: .Qo—
152
152
154
40
146
Feb
156
Feb
Week's
Friday
Last
Exchange
of Prices
Low
Par
(Hugo)
(S)
—5
Corp.
LOW
High
'8
Oil
72
600
%
Jan
17%
50
12%
Jan
18
18%
19%
6,000
13%
Jan
19% Mar
11%
11%
50
7%
Jan
11% Mar
3%
18%
3%
16,200
1%
43
Jan
"3%
convertible
Finch
Range Since January 1
High
17%
Co
50
preferred
Superior Port Cement class B
Swan
Shares
■
"Sullivan Machinery
Sun Ray Drug Co_.
Sunray
Oil
5%%
Sales
for Week
Range
;
Sale Price
-'if High
Stinnes
Quebec
Curb
Week Ended April 2
Stroock
Quaker Oats common
Monday, April 5, 1943
com
% Mar
Jan
3% Mar
49
12% Mar
15
Corp
Mar
Mar
12% Mar
8% Mar
9
Mar
R
& Light Securities
Railway
Co
Reiter Foster Oil Corp
■Reliance Electric & Engineering
Rheem Manufacturing
Goods
Richmond
Radiator
Rio Grande Valley Gas Co v t c
Stix
Rice
Dry
Rochester Gas & Elec 6%
Cable Corp
Rome
pfd D
Petroleum
Co
preferred
19
51
d:
4,900
%
24%
1,000
21%
%
100
■'
Texas Power & Light 7%
Texon
125
I'ti
10%
%
Jan
13%
Tilo
25% Mar
,
9,000
3
Jan
9% Mar
11'A Mar
9%
700
9%
9%
1%
1%
1%
2,600
1%
2,300
372
1%
dep
Amer
Jan
dep
3
.
'3%
•
'
.
3%
v
50
Jan
16
Mar
7%
Jan
10
Mar
500
2%
Jan
Mai-
Trans Lux Corp
3%
2,500
2%
Jan
16%
16%
59%
16 "
200
57
1,600
95% Mar
4
Jan
3% Mar
49%
Feb
17% Mar
59% Mar
10
>8
Mar
105
Mar
~4%
~5%
2,700
3%
Jan
21
21%
800
■17%
Jan
5%
600
4%
Jan
%
Jan
102
—
5
J
21 'A
'
5%
-
5%
43
Jan
3%
3%
1,600
2% Feb
8%
100
Feb'
21%
1%
5%
Apr
Feb
jjj Mar
\
50
6% Jail
1%
♦
1,400
'•
Mar
Mar
3%
Apr
8%
;
Mar
,
def reg—
recs
3%
9%
9%
Mar
11
8'A
16
Jan
24
Jan
regis
10
13
Feb
Jan
6%
•
Exports
rets ord
Shipyards Corp
Toledo Edison 6% preferred
7%
preferred
Tonopah Mining of Nevada
91%
4%
17%
9,600
*
Todd
16
3% Mar
400
11
Feb
Jan
A
Product
Amer
Feb
%
Jan
1: %
ft
9%
1
•
Stocks
Tobacco Security Trust Co Ltd—
"
Jan
5
1,200
23
10%
10%
100
-
3%
22%
—
2
common
Allied
Si
Tobacco
4% Mar
1,100
.
Co
Roofing Inc
Realty & Construction
Tobacco
Apr
4%
7
Shovel
Tishman
A Mar
13%
Jan
pfd
Oil & Land Co
Thew
3%
3%
,
Feb
11%
4
10%
common
Mar
9'A Mar
Jan
.%
common
Mar
Jan
%
,A 't 2
1
*•
*
Taggart Corp
19
•
•
50
;
Tampa Electric Co common
51
':i:
V
Jan
3,900
v,
10%
Feb
21% Mar
3%
Jan
4%
~4%
4%
4,700
3%
Jan
5%
4%
6%
7,300
3%
Jan
6% Mar
1%
1
•
1
& Haynes common
Jan
!' Mar
%
10
9%
23
■
4
13%
1,950
A
8%
1%
1%
2,800
A
Jan
Chatillon
2%
Class
Jan
2%
,
65
;
Jan
Mar
20
102
Mar,
103% Mar
110
40
107
Mar
110
l
700
3
7,300
1%
Jan
10
2,700
6%
Jan
4,100
da
Jan
3,200
4%
Jan
:
10
i
.
Inc
Tubize
Feb
9%
1
warrants
Trunz
53
2%
1
10
1%
300
%
110
1
Transwestern Oil Co
100
#65
103% 103%
100
100
;
Tri-Contlnental
64
•
%
%
—
Mar
1
is Jan
Feb
3% Mar
10
Mar
% Mar
*
*6% ~7
6%
Corp
1
A
49%
48%
550
49%
39
~7~%
Jan
Mar
1% Mar
2%
Ave
Aeronautical Co
Ryan Consolidated Petroleum
Ryan
Ryerson
% Mar
13%
,
13%
*
9
Typewriter
Royalite Oil Co Ltd
Royal
Russeks Fifth
23
5
5
1
20
common
$1.20 convertible
10% Mar
Jan
u
*
Roosevelt Field Inc
Root
11% Mar
Jan
100
Pendleton Inc
Roeser &
18
A
%
—1
*
1
1
Co
11%
51
18%
~9
—.——1.
Aviation———
Republic
Jan
7%
Technicolor Inc
1
*
50c
5
Co
Roller Bit
Reed
02
100
%
11%
common
Bank Oil
Red
12,700
1%
..
10
Railway Si Utility Investment A
1
Rath Packing Co. common
—10
*
Raymond Concrete Pile common
$3 convertible preferred
•
Raytheon Manufacturing common__50c
Voting
l'/a
l'/e
Radlo-Kelth-Orpheum option warrants-
6
v
,
5%
Mar
Mai-
Tung-Sol Lamp Works
80c convertible preferred
1
4
3%
4
8%
9%
'2%
2%
2%
2%
700
4
4%'
3,000
6%
6%
800
5
*
1,000
1%
Mar
4 % Mar
6"A Jan
9Vb Mar
2
Jan
2% Mar
1%
Jan
3
900
.
50
Jan
Feb
4% Mar
Jan
6% Mar
U
Udylite Corp
St
Class
St
$2
A
Oil
Dome
Sanford
129
5%
1%
Co
common
•
Schulte
(D A)
115
10,600
Manufacturing
$6 preferred—•
•
Electric
Scranton
Lace
Scranton
ie
1%
200
%
12%
1%
32
29'A
11,600
24'A
25
1%
27%
Jan
%
1%
14
Jan
275
22%
25%
Jan
Mar
Jan
Feb
Apr
32
Apr
29% Mar
—
25
17% Jan
80
Mar
25
Gas
of
Union
Investment
Aircraft
48
49
11%
10
11%
4,600
1
-1%
1%
300
1
•
———•
Shoe C'o.'—
Selected Industries Inc
7%
Jan
Cigar-Whelan
Corp
29%
%
Jan
4%
2,300
%
1%
16
14,300
450
51%
Jan
100
52%
Jan
Mar
62
62
3
5,800
Feb
7% Mar
Jan
Jan
!o
8%
%
—
Feb
32
13% Mar
100
16
r'l% Feb
/
Apr
8% Mar
Jan
$3
1
1
•
Amer
•
__
92
90%
pfd series AAA
cum
100
of Canada
Sherwin-Williams
Co
3% Mar
25
3%
—-—5
Shawinigan Water & Power
Silex
—
100
•
—
—
6% Mar
Jan
3% Mar
100
14
Jan
15% Mar
83
Jan
92'A
113%
12%
.
13%
Jan
2%
900
230
13
—
Feb
Mar
125
Jan
Feb
116
Jan
12%
10% Mar
Apr
Simmons-Boardman Publications—
preferred
convertible
$3
—
1
Simplicity Pattern common
Sioux
City Gas
Aircraft
Solar
Manufacturing
Sonotone
& Elec
7%
pfd
Southwest
Southern
common
Pipe Line
California Edison—
Pa
,.
Power
class
1
Jan
175%
Jan
4%
__
2%
3%
4%
3%
43%
44%
10
3%
2%
3%
4%
3%
3%
45
1,400
U
S
5
Jan
2%
Mar
101% Mar
Jan
4%
Mar
2
Jan
2% Mar
2%
Jan
3%
1,500
1%
Jan
4%
Apr
2%
Feb
3%
Apr
300
1,200
50
'37% Jan
Mar
Feb
45
U
U
S
U
S
A
25
—
—
40
Jan
30%
29%
3OTA
29%
31%
29%
1,300
29%
Jan
10
10
5
Co
Pipe
Southland
Royalty
Co
1
-—*
(A G) & Bros
preferred
Spanish & General Corp—
Amer dep rets ord regis
Spalding
1st
Spencer Shoe
Standard
28'A
Feb
29%
%
100
%
Jan
%
•
•
2.78
Co
preferred
Standard Dredging Corp common
$1.60
convertible preferred
Standard
Oil
Standard Oil
Standard
(Ky)
(Ohio)—5% pfd
Power
& Light
20
10
100
*
1
Products Co
Standard Silver
Steel
Standard
1
10
1
*
Preferred
Standard
10
Feb
115
115*
Mar
Mar
8
5%
8
8
Jan
5%
Tube
Standard
class B
7%
Jan
8%
(A)
& Co
Jan
1%
Jan
2%
2%
2%
900
x25%
26'A
100
—
8%
2%
Jan
23
%
—
3%
—
28
•
1
1st preferred
1,200
Jan
5%
2d
Sterling Aluminum Products
Sterling Brewers Inc
ie Mar
Jan
4%
Feb
1%
66%
68%
1,225
63
Jan
45%
46%
150
43
Jan
Feb
%
4
v
Feb
Feb
68%
Feb
46% Mar
1
5%
5
5%
1,100
4
Jan
5% Mar
1
B
4%
4%
5
2,500
2%
Jan
5
8%
8%
100
7%
Jan
8%
u
1%
7,000
Va
Jan
1%
5
Securities
■>'*
•
10
il
20
29
preferred
71
70
9%
—
29
71% i;
9%
1,175
-
60
2,000
Jan
8
50
29
Jan
28
Jan
1
2%
2%
2%
800
1%
Jan
♦
2%
2%
2%
800
1%
Jan
**2% "2%
8,800
Class
50c
common
~2%
2
Paper
Oil
Mar
Feb
Mar
71'A Mar
9% Mar
29
Apr
2% Mar
2%
Feb
Jan
Feb
Feb
2% Mar
11
Feb
5
Mar
4
4%
Feb
1
Pictures
Feb
7,200
93i
>%
Jan
18%
Jan
17% Mar
400
Products
18%
55
Co
16
common
Universal
18 Va
•43%
Jan'
66
62
Insurance
Universal
Utah-Idaho
15
18%
5
Sugar
Utah Power & Light $7
Radio
Utility
1%
11
voting trust ctfs
Universal
Utah
A
iV Jan
10
B
Universal Corp
18%
2%
2%
54%
preferred
54%
400
19
2%
14%
2%
Jan
450
45%
Feb
"l%
600
Jan
2
n
10c
.Ai,
Jan
6,900
55
Products
Equities common
priority stock
%
Jan
1"% Mar
Apr
Mar
19
Mar
2% Mar
57
Mar
3'A Mar
1% Mar
'
49
——
Jan
Mar
60
V
Valspar Corp
$4
15%
%
Jan
2'A
Jan
450
12%
Jan
2,600
1%
Jan
Jan
2,400
12%
Jan
15%
id
4,800
110
—-
—
33
9%
.
% Mar
4
%
Feb
15%
convertible
2% Mar
•
Co
Bond
Waitt &
100
class A
•
Class B
—
1%
Walker
Mining
Wayne
Knitting
Wentworth
Texas
Va
112% Mar
%
'
16'A
Jan
900
6%
Jan
1%
9
& 9
'
2,100
,
675
5%
57%
2,500
20
,
600
9
Jan
18
1% Mar
30
44
Mar
Jan
53a
Feb
Jan
4%
60'A
Feb
7%
Jan
A 9
Feb
i
3,900
1.800
22'A
1%
1,200
i
7%
86%
86%
8%
9
—
Feb
86%
Apr
88
100
88
1
II
5
Co
5% Mar
Jan
5%
'20
7%
Feb
9
Apr
1
Mar
300
5
"*7%
3%
500
% Mar
4%
7%
-
13
7% Mar
Apr
Mills
"%
Manufacturing
Utility $6 preferred
Coal
1.25
•
Coke
&
13
500
i36
Jan
%
Feb
13%
400
11%
Jan
13%
Apr
3%
v.—
101
Air Lines Inc
Grocer
Western
Maryland Ry 7%
:■'• 4%
4%
7%
7%
8%
'
2%
30
4%
1
Western
Western
100
3%
102
5
98%
Jan
Jan
4
Mar
102
Mar
2,900
4
Jan
4% Mar
4,000
5%
Jan
8% Mar
% Mar
550
%
—
57%
1%
30
•
36
.
Mar
Mar
9% Mar
Feb
,T2
Mar
Co
Western Tablet &
20
Jan
32% Mar
Jan
id Jan
2
;
Mfg
Mar
Wichita
Mar
Williams
(R
lT
Mar
Williams
Oll-O-Matic
Oil Corp
&
310
67
Jan
85
Apr
18
50
14%
Jan
18
Mar
24 %
75
22%
Feb
25
Feb
13%
13%
13%
25
13
Apr
Feb
13%
5%
Jan
7%
100
5%
Jan
•6%
100
7% Mar
1
1
C)
85
18
24
10
Inc
River
82
24
•
com
Coal
Westmoreland
85
20
1st pfd—100
Stationery
Westmoreland
.
32%
5
•
preferred
West
Jan
—
28%
1%
28
100
Wagner Baking voting trust ctfs ext—•
West
Jan
9%
:
pfd
Jan
■
29
1
w
Aircraft
15% Mar
Jan
33'A
9
5
Manufacturing
,14% Mar
r
3Tj
—
32
preferred
Petroleum
1%
Apr
A
is
%
—
1
common
Virginia Public Service 7%
Jan
13
-
„
—
3%
—
3%
1
—
3%
Jan
9
—
300
2%
~6
10
Co
—
8%
9
2%
9
2%
1,100
300
Jan
4%
•
7%
6
;
7%
Jan
8% Mar
Wolverine
Portland
Jan
9
%
Jan
2%
Mar
Feb
1257.
■
1%
1%
1%
100
U
Jan
1% Mar
6
5%
6
750
2%
Jan
6
Mar
Woodley
'
Light 1%
8
%
Feb
Feb
Jan
American
(F W)
Jan
9
Jan
pfd
4% Mar
100
11
Mar
10
4%
4%
100
3%
Feb
4%
5%
6
300
4
Jan
6% Mar
6%
Jan
8% Mar
2
Jan
3% Mar
Mar
Ltd—
deposit
Hargreaves
1%
1
1
Cement
Petroleum
Woolworth
Wright
&
•
;
Heating
Inc
Power
1
For footnotes see page
Products
Wisconsin
•
common
Wlllson
x38% Mar
6%
1
Feb
Feb
35
7'A
1
Inc
Co
Feb
£
—
250
Jan
£ 2%
Feb
Jan
900
%
3%
15"%
2%
15%
3%
15%
20
preferred
B)
j'o
100
66%
25
Feb
2%
2,600
%
3%
15%
2%
—
50
(J
Feb
800
4
•
common
6%
Stetson
%
%
4
Feb
%
3%
—
—
—
30
1
Sterchi Bros Stores
Sterling
250'
%
3% Mar
Feb
6%
1,400
x25%
—
(The) Corp voting trust ctfs—1
Steel Co of Canada
Stein
100
common—
Weyenberg Shoe
Starrett
Jan
3% Mar
Feb
100
5%
8
8
—
:—5
Spring
Mar
Cooler class A
Universal
Feb
1
400
5%
5%
*
1
Lead
A Mar
Apr
85
25c
Consolidated
Venezuelan
115
115
—
1
Common class B
35
,
36
Feb
41
-
—
Corp
Inc
Brewing
Jan
Jan
Reclaiming
Wall
Universal
Waco
Standard Cap & Seal common
Convertible
% Mar
%
21%
Feb
$1.50 conv preferred
Rubber
7%
Stahl-Meyer
JanVl;
7,600
15,000
35
Feb
*
United Stores
Vogt
Phosphate
Line
%
Mar
Mar
Mar
29%
31% Mar
100
—
preferred
100
Southern New England Telephone—100
Southern
16,500
%
2
122
Jan
80
warrants.'
Radiator
%
31%
A
Jan
Jan
115
Feb
14% Mar
30% Mar
—
7%
Southern
'
.
3A
7,700
regis
common™-
Lines Inc
S
U S Plywood
500
Jan
•
common
class
Feb
%
•
International
and
$5.50
28% Mar
Co
1
Ltd—
-
Graphite
Jan
i'3 Jan
21,100
id
iA
%
%
Sharing
Specialties
Foil
1%
'
preferred
Co
$5 1st preferred with
Apr
9,200
2,300
30%
30%
—
2% Mar
241
3% Mar
3%
—
25
25
25
preferred B
5%% preferred series C
Colorado
S
Jan
%
s;
preferred—
6%
Southern
150
96
25
Oil-
original
5%
2,700
—
,
3%
1
1
1
—1
Co
i
South Coast Corp
Penn
—
1
Manufacturing common
Soss
South
240
100
Co
Corp
2%
2%
223
241
„
Singer Manufacturing Co
——100
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
£1
Solar
S
U
57%
5,000
121%
is
34%
Preferred
United
•
•
preferred——
—
»i»il0United Shoe Machinery common
25
United
14% Mar
Jan
13% Mar
—
,
1%
10 %
'
92'A
—
—
—•
common
4
5
200
r": 2,400
115% 116
■
%
10% Mar
Jan
20,400
Va
3
120
fd
*
United N J RR & Canal Co
Profit
1%
120
——♦
dep rets ord
United
Mar
Mar
is Jan
common
Mining
Denn
Sherwin-Williams
5%
--
400
4
4
6%
6%
3V8* 3%
15'A 15%
<
Seton Leather common
Shattuck
ie
%
%
Molasses
'
Jan
Jan
10
1
•
Products
participating
6%
12
100
•
preferred-
United Milk
United
3,800
:
%
J
32
preferred non-voting
warrants
1st
10%
14%
"n
10c
United l ight & Power common A
Commun class B
U
Safety Control
Serrick Corp class B
Sentry
Stores
warrants
United Gas Corp common—
$6
10
14%
.
$7
2% Mar
57%
United Elastic Corp.—
1st
10
participating pfd
United
Option
3,100
•
1
*
common
United
Jan
11% Mar
Feb
3,700
1 T
7%
7
—
Allotment certificates
Jan
1
'52%
-
61%-62
61% 61%
%
8%
25
Feb
7%
200
32
%
7%
14%
—
5
prior stock
31%
—
1
common
Convertible stock
1%
32
*
Inc
Segal Lock & Hardware
Seiberling Rubber common
47
210
49
:
&
cum
*
common
Chemicals
4%
10
Products
United
$3
Co
Canada
United
Apr
Mar
1%
Jan
500
Feb
Apr
5%
Jan
100
•
common
Securities Corp General
$5.50
Jan
%
30%
28%
1%
129
Jan
Jan
13%
*
Co
Bros
Jan
2%
1%
—
3 %
Manufacturing
Brook Water Service—
preferred
Seeman
Jan
13%
32
common
Scranton Spring
Steel
%
4,500
1%
%
—
1
25
25
common
preferred
Convertible
Selby
325
5%
5'/a
lVa
5
Co
$6
1
Mills—:—
Oil
Scullin
18,600
''
10c
Unexcelled
24%
1
Savoy
Corp
Union
1
Co
Schlff
Scovill
—
2%
2%
125% 129
2%
5
—100
United Corp common——
Samson
__
—
50
common
preferred
7%
Salt
pref
conv
Paper
Regis
•
Corp Ltd
Lawrence
2%
1
Realization
Ulen
receipts
Ltd
8%
5s
3%
8%
300
3%
3%
10,300
v
Volume
the commercial & .financial chronicle
Number 4165
157
BONDS
New
Curb
York
;
Last
Interest
*
BONDS
Week's Range
or Friday's
Friday
Exchange
WeekEnded April 2
.
Bonds
Range Since
Sold
January 1
Sale Price Bid & Asked
Period
Low
Low
3%s
s
debs
f
s
3%s
f
-
Amer
Writing
Paper
109 %
108 Vi 109
Vi
11
M-S
100 Vi
100
100%
205
91%
91
91 y8
6
-1961
6s
107
J-J
107
1
1970
—2024
J-D
J-J
104 y8
—1956
A-O
108 y4 108 Vi
4'As
—1953
109 %
107 y2
101
96
88 Vi
Gas 3%s__~—1964
Elec &
Cont'l
Nor
5 Vis
1st 3%s series A
126 %
Ogden Gas 1st 5s
107%
109
Ohio
279
46%
62
Power
1st
mtge
!
i.
1945
.
3s
26
109% 109%
11
107
107
112
107
115%
1
73'A
69
High
111
106%
109%
Af-N
w-1968
-
A-O
1971
mtge 3'As-.,.
A-O
J-J
62
57%
62
Af-S
22%
19
22%
17
14%
22%
Oklahoma Nat Gas 3%s B
J-J
21%
18%
389
13%
22%
Oklahoma Power & Water 5s
1948
F-A
21%
18%
22%
22%
513
13%
115%
54%.
21%
18%
22%
351
12%
22%
Pacific
1955
Park Lexington 1st mtge 3s
_™1964
Penn Central Lt & Pwr 4%s______1977
107%
107
107
109% 109%
3
73%
Public
Service
4s
1962
—
Aug 1955
-7 $105%
F-A
110
109%
108
107%
106%
109%
105%
v
22%
A-O
1st
Ohio
ii
Low
113
115y8 115%
F-A
.1968
4%S——-
;
J-J
73%
.1949
4% 3——;
deb
No.
$105% 107%
J-J
.1948
deb
AConv
Range Since
January *
Sold
108%
125
SAssociated Gas & Elec Co—
AConv
$111
J-J
1948
-
Bonds
High
Af-N
—_1969
Utility
.1950
Elec
Associated
Friday's
or
Sale Price Bid & Asked
Northern Ind Public Service—
10
'
Week's Range
Last
Period
Y & Westchester Ltg 4s
2004
Debenture
5s__
———_1954
N
91%
106%
10
125'A 125 V4
Friday
Interest
Exchange
Low
107%
105
;:
7
107 Vi 107Vi
5s
& Lt
Pr
J-J
2016
Appalachian Elec Pow 3%s_
Appalachian Pow deb 6s
Arkansas
J-J
-1970
—
Lt deb 6s—i—..
Pow
7
J-J
_„1960
:
dfebs—
&
Amer
103 Vi 103 y2
1950
Curb
Week Ended April 2
N Y State
debs
f
s
York
New
High
103%
No.
High
American Gas & Electric Co.—
2%s
1257
106%
109% 110
>
_
_
9
109%
110%
107'A 107%
5
102%
109
101
A-O
F-A
1
100%
101%
101
•
'
-
5%s_
.1977
F-A
21'A
18%
22%
41
14
22%
Assoc T & T deb 5 V
.1955
M-S
83
80'A
83
14
72%
83
.1955
J-J
deb
AConv
Atlanta
Gas
4%s.
Light
.
'
107%
$107% 109
108%
1st
Power
5s
&
Light
5s.-_
1979
.
107%
Pennsylvania Water & Power 3Vis. 1964
100 %
100 Vi
Philadelphia
Elec
Rapid Transit 6s.—.1962
3%s
1947
warrants——
without
5s
—
(B. P.)—
& Sons
Avery
$107% 109%
M-S
106%
Philadelphia
.1964
Baldwin Locomotive Works—
Convertible
•
j-d
m
__
-1950
116
119
115 %
108% 119
77:
115
118%
M-S
16
5s
1970
™
5%s™-1972
Power
Portland Gas & Coke
•
6s
,™
102%
102% 103%
33%
M-N
33%
104%
Af-N
•
■■■
.
106
y
J-D
106
$108%
$106
35
?
105
;:.;y •; 1
105%
108
108
107%
111%
108%
19
105
106%
112% 113
—
30%
102%
w
104
Af-S
101% 103%
12
28
••.•i
$108%
J-J
F-A
19
^
35
104% 104%
108
v;..
107%
115
Co—.
1950
J-J
1956
M-N
1961
A-O
1959
Af-S
1964
J-D
—1949
J-D
extended
stamped
F-A
J-J
100
100%
111
112
10
97%
100%
'
Bell
Telephone of Canada—
Potomac
1957
5s series C
1960
Bethlehem Steel 6s
——1998
Bickford's Inc 6VaS—————1962
1st
series B
5s
M
Birmingham Electric 4%s
.-1968
—
"
•
$118% 120
Af-N
Q-F
116
4%s
^
Af-N
^
—
M-S
Northern Power 5s——1953
& Gas 3%s__.
-1964
—
*
119
117%
.
Power
Corp
■
—
—
''
1st
mtge 3%s
Central
111 El
1948
A5VaS
1954
Central States P ft L 5%s
1953
§AChicago Rys 5s ctfs
1927
Cincinnati St Ry 5%s A—
1952
6s series B—
—-1955
Cities
Service 5s—-——.—Jan 1966
Conv
deb
5s
1950
Debenture
5s
1958
Debenture
5s
1969
Cities Service P & L 5'As
;—1952
5%s
1949
Connecticut Lt & Pr 7s A
1951
Consol Gas El Lt & Pr (Bait)—
3'4s series N
1971
1st ref mtge 3s ser P—
-1969
1st ref mtge 2%s ser Q—
1976
Elec
States
§ a Central
5s—
105
17
101%
102%
Public Service
of
jL
103%
104
Public
of
15
85%
96'A
105'A
$103% 105
$107
J-D
J-J
32
M-S
32%
—
—
.
(Bait City)—
Gen mtge 4 Vis
;—
Continental Gas & El 5s
Cuban Tobacco 5s_—.
Cudahy Packing 3%s
A-O
32%
Sinking fund deb 4s
Service
50%
&
1st
&
13
32%
2
54
191
'
91%
A-O
92%
89%
92 %
93
93
93
89%
90%
90%
91'A
90%
91
>
1954
&
P
5s
5
93
•
110
J-D
J-J
—
v:
>
100%
110
$102'/a 102%
5%s
series
A
1958
90%
F-A
1944
1955
J-D
89'A
San
95%
ASchulte
91%
Scullin Steel inc mtge 3s
92'A
Shawinigan Water & Pwr 4y2s
93
1st
Real
4%s
93%
Sheridan
93%
South
120%
Estate
series
Fuel 4s ser A
1956
& Light 5s
2030
Elmira Water Lt & RR 5s
1956
Empire District El 5s—
.
1952
Federal Water Service 5Vis
1954
Finland Residential Mtge Bank—
6s-5s stamped ;—
1961
Florida Power Co 4s ser C——-3966
Florida Pow & Lt 5s_
1954
Gatineau Power 3%s A
1969
General Pub Serv 5s
1953
Eastern Gas &
109%
110%
105%
;
103%
121
5
136
102%
i 123%
82%
A General
87%
86%
87%
92'A
123% 123%
3
Af-S
105
105'A
Af-N
104
104%
153 Vi
M-S
California
V
105%
105
105 y2
94
94%
A-O
100
100
J-J
$~
J-D
J-D
Southern
Counties
1st
iAGobel (Adolf) 4Vis ser
Grand Trunk West 4s:
Great Nor Power 5s stpd
Green Mountain Pow 3%
——1965
A—
1941
1950
1950
1963
Standard
Gas
.
Hvgrade Food 6s ser A
6s
series
B
a-o
108
108
1971
1951
J-J
1970
F-A
'< 51
61
104 y4
105%
12
61%
Stinnes
107%
97
95
111
1967
3%s
Power
Lt 1st 6s ser A
1S53
1st & ref 5Vis series B——
1954
1st & ref 5s series C_
—1956
S f deb 5Vis
May 1957
Pwr &
Indiana
1958
1950
1963
1952
1970
Hydro-Elec 5s
Service 5s
1st lien & ref 5s
AIndianapolis Gas 5s A
Indianapolis P & L 3%s
S International
Power Sec—
A6 Vis
series C
.
1955
A6Vis (Dec 1 1941 coup)
1955
A 7s
series E
1957
A7s (Aug 1941 coupon)
1957
A 7s
series F1952
A7s (July 1941 coupon)
1952
Interstate Power 5s
——1957
Debenture
6s
—
1952
Iowa Power & Light 4Vis
1958
Indiana
Altalian
Superpower
1963
6s
(stamped)
1942
Jersey Cent Pow & Lt 3 Vis—,
1965
Kansas Electric Power 3Vis——1966 ;
Kansas Qas & Electric 6s_—
2022
Kansas Power & Light 3Vis
1969
Lake Superior Dlst Pow 3Vis
1966
Louisiana Pow & Lt 5s
1957
a
Jacksonville Gas
95%
4s
series
}_1965
1945
G
Middle States Petrol 6 Vis
Midland Valley RR 5s
Milwaukee Gas Light 4Vis
—
Minnesota P & L 4Vis
1st
&
ref
5s
1943
1967
——-1978
1955
1957
106
104%
106%
108%
2022
65%
103
M-N
A-O
A-O
6s
67%
68
$107% 111
Af-S
1989
67
103%
52%
100% 101
107%
96%
17
67%
106%
.
101%
62
67'A
64%
82%
76
65
82%
66
65%
82'A
77%
53
65%
82
76V2
78
73
65%
82
76
77%
65
64%
82
26'A
28'A
26
24
30
12%
14
66'A
66
%
yy-; 5*
77
75%
78%
113
77
76
78%
76'A
78'A
77
75'A
Electric—
&
Power
Light 6s
&
v
.
J-J
$11
15%
.
Stinnes
(Hugo) Industries—
7-4s 2nd stamped—
100
93%
96%
Power &
-
1946
a-o
1960
95%
95 Vi
9
91
95%
Toledo
4
108%
5
98%
80
80
2
78
50
50
3
109 y2 109 Vi
100 Vi 101V*
Water
J-J
108%
108
m-n
109 "A
Twin
—2022
14
14
2
—1979
F-a
—1968
14
14
80
United
Electric
50
United
Light
24%
N
107%
14
111
97
4
86%
86
29
109%
115
96%
107%
86 VA
108%
85%
100
109 %
$112% 112%
112
87
112%
& Power Co—
1959
a-o
(Delaware) 5y2s_1952
(Maine) —
f-a
1952
a-o
——1944
F-A
& cons 5V2s
1st lien
1
111%
93%
91
96%
United Light & Railways
6s series A
93
111
14
115
96%
$109'A 111
J-D
J'4s
111
92
J-d
105%
101%
i
United Lt & Rys
192
5%s__„ 1952
51
115
97
J-J
1949
City Rapid Transit
108%
109109%
J-J
5s
3y2s__
Edison
19%
till
—1956
Light 5s—_.
Power
44
24%
+24
111
5s
A—
series
6s
Service
Electric
Texas
J-J
96
96
109
109
4
106%
99% 100
99%
61
96%
109
100%
Utah Power & Light Co—
111%
6
110%
111%
106% 106%
16
104%
lien
J-D
105
105Vi
17
102
105%
J-D
103% 104y4
22
&
gen
4%s—
116% 116%
'
116
117
96%
97%
7
96
96%
13
13%
169
4%
13%
108% 109'A
6
108%
109%
110%
110%
O 72
97%
106%
A-0
106%
A-O
Af-S
99%
15
101% 101%
3
99 V'8
Af-n
~
.1954
Ry & Elec 4s
—1951
J-D
Wash
Water Power 3%s
1964
J-d
$109
110%
a-o
+
107
109 %
31
83 Vi
16
5
112%
5
A 5s
West
105% 108%
26
26
6
80%
80
86%
85%
114%
25
J-J
26
25
4
18%
26
17
f-a
25%
2
16%
West
2
16 'A
5
19
23
25%
"
26
25
J-J
80
77%
80
195
J-J
46
46
47
47
106% 106%
Af-s
24
2
17%
74%
36
6s
1960
unstamped extended to 1959
stamped extended to 1959
5 A York
J-d
106%
F-a
92
F-a
-
$70%
35
16%
25
18
46
59
32
106% 111
107%
New
York
Curb
Week Ended
109
106%
79
1947
J-D
$80
122
123
J-J
$112% 113%
112%
113
A-O
$108% 110%
Friday
Exchange
April Z
Interest
Period
109
96
J-J
109 Vi
108%
12
108%
108%
110%
Bogota
96%
3
86%
98
101
1
100%
110
110
7
108
111
101%
111%
2
110%
109% 111%
101% 101%
5
100%
58%
101 y2
71
49
58%
105% 107%
14
103%
J-D
105% 106
108% ios'A
3
107%
109
J-J
105% 105%
1
103%
105%
M-N
112% 112%
8
112
113
58%
a-o
53%
$106% 107'A
Af-S
J-D
105'A
118%
92
74
63%
72
75
81
81%
73%
81%
Week's Range
Last
or
106
Friday's
Low
Agricultural Mortgage Bank (Col)—
A 20-year
7s
April 1946
A 20-year 7s
__Jan 1947
100% 100%
110
Af-N
85%
a
ALima City
$46
46
47
-
$17%
18%
14 %
17
s
1955
M-N
46'A
52 %
44%
52%
1953
F-A
42
46
1952
stamped_1958
-
6%s
Oct
10
10
10
J-J
10
M-S
14%
14%
11%
14%
M-N
29
33
20
33
1951
J-D
16%
18%
18'A
18%
18'A
___1947
1927
$36
45
A-O
.A
'
of
$42
1958
(Peru)
7s
AMedellin
7s stamped™
Mortgage Bank of Bogota 7s
Alssue of May 1927
A Issue
High
$46
J-d
Danzig Port & Waterways—
AExternal 6'As stamped
AMaranho
High
of)
-
5s
Low
No.
J-J
Mortgage Bank
Valley 7s
5%s
Sold
1948
(see
Extended
A-O
Range Since
January 1
Bonds
Sale Price Bid & Asked
106%
$122% 124
Af-N
92
81
J-D
BONDS
25
J-D
Af-S
107
Foreign Governments & Municipalities
108%
M-S
F-a
110
25%
+
J-D
102%
117% 117%:
1937
Rys Co 5s stpd
A Stamped 5s
47
59
107% 107%
Af-S
—2030
5s
26
23
J-D
Traction
Penn
80'A
58
J-J
Penn Electric 5s
11%
25'A
26
income
26
25 y4
26
99%
Western Newspaper Union—
22%
25
v
12%
debs
Wash
6s
J-D
m-s
96
Waldorf-Astoria Hotel—
103
83%
107 y2 108
96%
100
82%
m-n
Af-N
A———2022
series
104%
82%
83
F- a
A-O
6s
941/4
112% 112%
J-J
Debenture
99%
101
McCord
1948
1947
1971
2
(Hugo) Corp—
Danish
Radiator & Mfg—
stamped—
Mengel Co conv 4Vis
Metropolitan Edison 4s E
102%
$103% 104
F-a
7-4s 3d stamped——
——1946
Certificates of deposit
—
ACauca
6s
108
103 %
52
106
90%
(Calif)—
27
1st
Idaho
105
1970
A-O
Tide
92%
103%
~1
103% 104 %
77
Standard
94%
A-O
103%
85 %
$103% 107
F-A
104'A
70
A-O
103%
100%
106
debentures-
gold
90%
—1966
—Jan 1949
—Jan- 1949
3V2S
Houston Lt & Pwr
100%
2
77
6s
131
45
104
May 1948
May 1948
L
131
5
106
F-A
106
57
J-D
84
114
90%
M-S
Rys 4s—
&
P
Gas
J-J
103%
1957
1957
—1950
•
11
Af-N
79
111%
103% 103%
a-o
J-D
50
J-J
4
84
103% 103%
a-o
Dec 1 1966
94%
Store Products
1945
Guantanamo & West 6s——
1958
§AGuardian Investors 5s
——1948
Grocery
81%
d88
6s
69
*
102%
102%
$125 ;
$58
Debenture
124
94%
100 Vi
103
101'A
100%
111% 111%
F-A
68 y2
F- A
83 %
—1951
Af-S
J-D
101%
19
74
J-J
Spalding (A G) deb 5s
M-S
J-D
112
102 %
100% 102
1965
Southwestern Gas & Elec 3'As
Texas
Coal 4s
Alden
Glen
101% 102%
102
••
102
1957
mtge 3s
Southern Indiana
Southwestern
105
1
150
75
95 Vi
,
V''V
6s
51
1
150
102%
;•
Debenture
123%
54
J-J
150
87 '/a
104
107Vi 107Vi
138'A
93%
10
107 Vi
110%
4
"
.
3'As
Gas
92
102%
104
J-D
1978
Georgia Power & Light 5s—
i-;
105%
106%
3s
AStarrett Corp inc 5s
1948
Rayon 6s A—-—
;
103%
17
(stamped)—
Conv 6s stamped
9
•
10
106% 106%
79
134
M-S
104'/a 104%
87%
63
91%
:
F-A
109 'A
a-o
1947
6s
5s
Edison
California
85
81
101
16
106%
Af-S
1970
Power
Southern
108
101%
—
92 %
Af-S
89
9
J-D
1951
1967
D
Wyoming Coal
Carolina
—.—1951
6s
6s
Electric Power
111%
77
108% 109%
J-D
Joaquin Lt & Pwr 6s B——1952
86
81%
102
7
106%
A-O
1979
104%
4
90%
$78
—
102%
M-S
89
104%
,|
J-D
1952
i
Safe Harbor Water 4y2s
10
>■:
122'A 123%
A-O
112
111
54
85
~-
106% 107
—
—
88%
111
W
108%
Af-N
—1950
102
Southern
J-D
9
'
Queens Borough Gas & Electric—
119
26
$119% 123
—
89
J-D
1950
C__
84%
•j'
M-S
1949
5V2s
L
series
4%s series D
83%
74
Af-S
-A>
-
$112% 114%
M-N
certificates—
84%
291
Af-N
1969
89
90%
J-D
ref
ref
4s
103
95%
91%
M-N
—
Jersey—
45%
2
95
J-D
M-S
Gas
Consolidated
100
New
100%
101
104% 104 %
'
Sound
1st
32%
100
100
Puget
107'/a
13
515
'
Indiana
perpetual
252
32%
101
101
A-O
107%
29
53%
F-A
96%
28%
>
100
J-J
■
103%
95%
'
Public Service Co of Colorado—
102V4 103
1
96%
—
4y2s B
(Can)
102 % 102%
...
—.
—
E
5s
F
'
6%
Canada
Edison
series
104% 104 %
~
•
J-D
1954
A--''
•
$104% 104%
Af-S
1970
'
•
$150
■
A-O
5s
Power
Broad River
,'114%
'
2%s—
Edison
Boston
J-D
$36
45
$19
Af-N
:•.
32
35
18
*-V.
32
35
"
20%
•
yy
r
'
Nassau & Suffolk Ltg
«A National
5s-——1945
Public Service 5s ctfs—1978
Nebraska Power 4Vis
6s
series
—1981
2022
A
Nevada-California
New
1951
Amsterdam
Elec
Gas
5s——1956
.—1948
5s
New Eng Gas & El Assn 5s—
5s
—
Conv
New
deb
—
5s—
.......
England Power 3Vis—
England Power Assn 5s
—1947
-1948
f-a
100%
F-a
J-D
M-S
a-o
100
J-D
1950
Af-N
1961
—1948
18
23%
23%
$109% 110
$115
115%
98% 100
1
113% 113%
J-J
M-S
99% 100 %
>
10O %
12%
23%
108
46
97 %
1
113%
6'As
1959
J-J
27%
1919
J-D
J-J
3%
3%
4
88
2%
4
3%
3%
4
60
2%
4
A Rio
57
58%
98
49%
57%
58%
6
50%
58%
58%
57
58%
108% 108%
82
5
Janeiro
Government
6'/2s
A5%s
58%
58%
M-N
de
ARussian
114%
58%
50
58%
107% 109
87%
88%
49
76%
89%
1954
J-D
90
89
90
57
82%
90%
New Orleans Public Service—
AIncome 6s series A—.—Nov 1949
J-D
104% 105
10
J-D
J-D
M-S
1972
45
-MS
45
$33
35
26
■
■
y
3
27%
45
45
22 Va
31%
17
104
1921
27%
100
87%
Debenture 5 Vis
1958
(State)
U7%
a-o
New
1931
7s
110%
114%
^Mortgage Bank of Chile 6s™
Mortgage Bank of Denmark 5s
A Parana
Mississippi P & L 5s
Mississippi River Pow 1st 5s
106
r
♦No par value,
a Deferred delivery sale,
x Ex-dlvldend.
d Ex-Interest,
e
Odd-lot sale,
n
Uuder-the-rule sale,
Cash sale,
JFriday's bid and asked prices; no sales being transacted during current
ABonds being traded flat.
fReported In receivership.
week.
.
Abbreviations used above—"cod," certificates of deposit;
"cons," consolidated;
tive; I'conv," convertible; "M," mortgage; "n-v," non-voting stock; "v t c," voting
"w„i," when Issued; "w w," with warrants; "x w," without warrants.
"cum," cumula¬
trust certificates;
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, April S, 1943
OTHER STOCK EXCHANGES
Week's
Friday
Baltimore Stock Exchange
March 27
April 2 both Inclusive, compiled from official
to
Friday
Last
V
STOCKS
V'/,-//:-;/ //-///;/';';./
Week's
Range
Athey
Range Since
January 1
*
17%
17%
18%
520
1.10
1.00
1.25
667
60%
Consol.
—
preferred
—
.
..
—
—
390
25%
9
57%
6 XA
125
77
490
82%
25 Va
56%
327
60
32'A
32
Jan
'8-
50
150
320
19
Mar
Belden
Mar
11
Jan.
Bendix
62 Va Mar
Jan //
9%
Jan
Mar
Feb
9 'A
Apr
Borg
Bruce
251/2
29% Jan
32%
94
:
Jan
_*
8%
9 %
1,400
5%
Jan
5
39%
39%
786
l"
6
6%
300
4%
51/2
1,000
5
17><8
17%
250
13% Jan
32
331/2
750
26 '/a
Jan
15
15
100
13
Jan
12
Mar
5
capitaL
•.
STOCKS—
.
L)
*
T„±
13
I
13
100
3
3'/4
5
16
16%
„..10
13
13
.—1
common.—
common...
..
Par
American' Sugar Refining
Jan
3% Mai-
12%
Jan
16% Mar
14
23%
24%
70
20%
Jan
25
Mar
18%
19
115
15%
Jan
19
Mar
18%
18%
100
15%
Feb
Central
Illinois
Pub
•
7 8 Va
81%
110
69 %
Jan
Central
Illinois
Secur
_1
30
102%
Feb
Ring common....
Convertible
Feb
Central &
,
Serv
$6
pfd
common-
preferred
South
—♦
West
Util
States
Pr
&
Lt
Convertible
37
preferred..
lists
preferred-;
.
Chicago
Flexible
Chicago
Towel
Shaft
_
1,600
%
7,300
3 8'/3
430
9
•
250
3%
3%
10%
10%
700
4%
27,100
4
41%
L„5
180
42
72
—
common
%
72
500
American Woolen
Anaconda Copper
•
——
5
10
Calumet & Hecla
Service
Co.—
Boston
East
10
—
Common
6% preferred
—100
—-—i00
—
30
2,014
__
5
—-50
(Del) common
6ft cumulative preferred
Maine Central RR common
100
5ft/preferred
Associates
England Tel & Tel
N Y N H & Hartford RR-—
Colony RR.
—
Pacific Mills
Pennsylvania RR
Quincy Mining Company
Assn.
(The)
Co
S
7%
Jan
72
Mar
45
Jan
14
Apr
480
67V2
Jan
76% Mar
1.250
3%
Jan
9% Mai-
6V2
x!2%
7
7l/2
-
■
6%
Apr
Diamond T
—
—
Tunnel-—-
—25
—25
10
X
Inc——————•
——
4
System
Co
Jan
5%
Apr
Dixie-Vortex
Jan
7
Apr
Dodge Mfg
790
2'A
Jan
7'/a
Apr
Eastern
345
11%
Jan
13%
Apr
31
25
.31
Feb
23
400
6%
Jan
8% Mar
120
3%
Jan
9'/a
6 !A
6%
98
4%
Jan
Jan
IV2 Mar
Jan
2
l'A
l'A
200
1%
2
200
90c
/4
56
58%
118
42
Jan
58 %
33
185
19%
Jan
33
3
35
2'/4
108
76
98
Jan
110
25
Jan
36
Apr
575
6
515
8% Mar
10
Mar
13
13
50
Mar
13
Mar
30
31
436
27'A
Jan
31
Apr
5
368
2%
Jan
581
31%
Jan
4%
36%
,33%
38%
35%
VA
7%
6%
25%
26
505
15%
6Va
ft
35
14'A
Jan
15% Mar
770
2%
Jan
6'/a Mar
685
2,526
•
Mar
22c
50c
5,184
26%
29%
405
31%
1 'A :
6'A
1,979
4% Mar
Jan
10'A
Jan
86
119
/%
1,285
32
Apr
42 %
Jan
44c
/31-;/
l'A
Jan
639
8%
Jan
3%
1,020
11
12c
35%
251/4
25'A
31
26% Mar
Jan
85
88V2
Mar
12 »/4
68
.10 Va
40c
5% Mar
Jan
9%
-
Feb
30%
4%
•
Apr
Mar
34% Mar
Jan
Feb
3
Mar
68
98%
iii
28%
l'A
Mar
42%
4%
991%
75c
8'A
55c
Apr
14
,
26%
l'A
Feb
993
5%
35
15%
—
Jan
15c
15
34%
4%
35
38%
Jan
4
112
75c
33%
30%
921
50c
75c
__
1.875
8%-
50c
5'A Mar
36%
2% Mar
Jan
24c
Jan
15c
Jan
19
Mar
Feb
101
Jan
48c
Mar
1
V
Mar
27% Mar
23%
Jan
66c
Jan
31% Apr
1% Mar
Jan
12% Mar
l'A
550
11%
800
9%
9%
582
5%
Jan
9'A
Apr
32'A
325
291/8
Jan
32%
Feb
31
190
31
Mar
37
Feb
10%
Apr
68%
Jan
Jan
10
10%
301
64%
64%
68%
645
6 l'A Mar
67
67
68
729
63 Va
Jan
69
44%
44%
10
42%
Jan
45% Mar
36%
38%
25%
Jan
38% Mar
30C
32c
23c
Jan
46c
__
456
1,100
7%
Jan
V
19'A
40
92'A
——50
Mar
95
,539
7%
Jan
16
80%
ft
Jan
.
9'A
Mar
20 %
Jan
Mar
95
Mar
Sc Maine RR—
270
—X00
65
65
D
Preferred
Preferred
_
General
Motors
General
100
2%
Jan
405
26%
Jan
200
9
Jan
13
13%
13%
175
10
Jan
13%
450
Gossard
Co
10
Jan
50
31%
Jan
38% Mai-
22%
22%
20
21
Jan
23
3,450
ft;.
m
28%
600
Jan
30
1?%
14 "8
1,400
6%
Feb
14 V8
Mar
40%
common—*
41%
205
33%
Feb
41%
Mar
150
9
Jan
11
6%
Jan
11% Mar
15%
15%
100
4%
1.050
100
64
64
5
43>/2
44.'/a
1
3%
3%
7%,
:
*
39%
49%
10
common
*
Rubber common.
W)
&
4
Hein
Werner
37%
7%
100
6%
Jan
40%
311
34i%
Jan
40Vb
Mar
50 »/8
1,450
441/4
Jan
50 %
Mar
200
3%
Feb
4
♦
4%
Jan
8% Mar
5»/4
200
4%
Jan
5J/a Mar
34%
36%
424
12%:
12%
400
10
14%
150
10%
200
7 %
Jan
101/4 Mar
8
8 %
350
6
Jan
8% Mar
8%
50
Jan
8%
Apr
32%
60
25
Jan
32%
Apr
11V4
Feb
121/4 Mar
10
Jan
13% Mar
19% Mar
—..3
8%
.
13%
800
....5
191/2
:—
B—
19%
50
15%
Jan
1 %!
1%
1,300
3»
Hi
Jan
3%
'900
1%
Jan
.—100
common
121/2
14Va
1,583
7%
Jan
14 Va
Apr
23
23%
300
19
Jan
23%
Feb
14%
15 Vt
550
11%
Jan
15%
Feb
Independent Pneumatic Tool v t
Indianapolis Pwr & Lt common
International
Interstate
Jarvis
Power
(W B)
*
c
;
Exten
Feb
130
63
Jan
73% Mai-
68%
70
494
57
Jan
70
Mar
Univ
20
1
Jan
2% Mar
12%
450
9%
Jan
12% Mai-
10%
12
250
81/8
Jan
Mar
1
4%
4%
550
31/8
Jan
4% Mar
*
com
2%
12
1
Switchboard common
Ken-Rad Tube & Lamp "A"
Kentucky Util jr cumul pref
Salle
6Va
250
73%
5%:
1
Drug Co common—
Leath & Co
Jan
5%
73%
*
capital
Kellogg
La
4'/»
3% Mar
*
common
Joy Mfg Co common
Katz
>
1% Mar
*
$6 preferred
Co
♦
1
common
capital._—
Harvester
Apr
3%
capital
Products
7%
14%
10
common
Hupp Motor Car, common..1
Indiana Steel
Jan
Mar
10
12%
Inland Steel Co
20% Mar
12%
36 %
14V4
*
Illinois Central RR
12% Mar
Jan
1
—
30
Inc
Jan
2,200
12%
Co
Jan
10
20%
30
Harvey
25
17%
121/8
Brick
Mar
320
*
Illinois
3% Mar
7% Mar
8%
Inc
Hubbell
44% Mar
Jan
Spencer Bartlett common. ..25
class
64% Mar
Jan
2
Horders
Houdaille-Hershey
Apr
64
55
161/2 Mar
_10
i
Parts—
Motor
Jan
4% Mar
Jan
50
Hibbard
common
16
Jan
550
.
mm*
19%
Printing Co common-/
Harnischfeger Corp common
Heileman Brewing capital
3%
14
.51/8 ■
com.
Hall
Mar
15
Jan
71/4
,—*
common.
Dk
Feb
900
16%
common
Apr
11
4%
Adv
6%
11%
18%
•
Jan
10%
1
—
3%
23
11
5
common.
Feb
Mar
27%
•
..
12
5'/z
10
Dr
Mar
11
38%
20
(H
Lakes
Mar
•/ Apr
10%
Corp
Goodyear Tire &
3% Mai36%
38%
Gillette Safety Razor common—J«
Goidblatt Bros Inc common
——*
Great
Mar
\
Transp common
Outdoor
65
3 Va
10
common
Jan
13
*
——
General Foods
Mar
42
0
common
Finance Corp
15%
36 Va
;
1
General American
Feb
Jan
3%
common..——.—*
Co
Mar
2
11%
12%
■
—
Auto
Brewing
Denver
Apr
94% Mai-
*
_
D
16%
20
34%
Corp ——5
&
10
1% Mar
Mar
Mar
2
Mfg Co common
6%
71%
1,150
5%
Jan
7'/4
121/2
13%
350
4%
Jan
45
46
2%
*
50
,
80
Apr
1% Mar
.5
.,
Cumulative preferred
Apr
13% Mar
Jan
41
114
1%
400
*
common
common
2%
3
650
% Feb
2% Mai-
30
24% Mar
_*
Libby McNeill & Libby
25
25
31/8
Feb
Jan
7
common
Lincoln
6%
,:/7%/;
Jan
Apr
*
1%
1%
300
%
Jan
1% Mar
16'%
210
9%
Jan
161/4 Mar
2%
Jan
12%
Jan
18%
Apr
Jun
19%
Mar
8,800
5
Printing Co common
$3.50 preferred
1
Lindsay Light & Chemical common
*
3%
*
17%
18%
465
—*
18%
191/8
45
15%
6%
3,950
2%
Feb
6% Mar
.24%
100
19
Jan
24% Mar
10
Jan
14% Mar
—
Oil Ref'g Co
Loudon
A— 1970
51%
521/8
$7,000
40'/a
Jan
Packing common..
Marshall
1948
104% 104%
1,000
103%
capital
common.—.-
Jan
Field
Rad
McCord
&
McQuay-Norris
...
5
*
common
.
16
6
241/2
2,450
4
common
14%
1,020
*
16%
16%
500
*
Mfg Co class A
Mfg
*
*
Lynch Corp common
Eastern Mass Street Ry—
4V2S series A
19% Mai-
500
common™
Ccfa
&
Liquid Carbonic
ser
Jan
14%
2%
Lion
8%
300
19'A
__
9 Va
BONDS
mortgage 4'/2 ft
22% Mar
1%
_»
Util
Drive
(Peter)
General
11% Mar
10%
10
13
Jan
1%
Inc—
Household
Gardner
Jan
9%
Jan
16 1/4
15%
common
common
Lines
Simons
Fuller
Mar
9'A
—
Fox
Mar
35%
205
1Q
Fairbanks Morse
Feb
10
35%
3%
Jan ft
22%
15
/Elgin National Watch Co—-----15 "•
Eversharp Inc common
1
Fitz
16
.2 %
common
Corp
3% Mai/
Jan
Jan
Mar
32 »/s
__
Co
Air
Electric
6% Mar
Apr
Feb
1%
10%
—1
"Eddy Paper Corp (The)——
Mar
8'A
9%
2%
10
18'2
2%
common.
Motor Car
338
8%
(S D) Co-^.
Income
&
13%
42%:
—*
Westinghouse Electric
Boston
Deere
2
ft
Stores
—*—
5
7%
__
Common
Jan
Jan
7%
31
7%
Drug
Rubber
458
10
900
22%
_25
Lighting Inc common—
2
Mar
755
2%
Feb
1%
.
r„
3%
17
1%
Jan
4% Mai10
16
50
7%
7
3%
2%
20
4% Mar
Mar
15
20
common—.
Mfg common
Decker (Alf) & Cohn pret
'
Apr
Jan
20
Jan
2
Jan
3,950
Jan
Cunningham
Mar
4.1/4
10
Jan
Jan
5%
2%
9%
10 %
'/'a
6
600
4%
•
83
2
5'A
24%
Jan
100
Curtis
18
37% Mar
21%
1,000
.
Packing
Dayton
450
1 Vz Feb
361/4 Mar
8,700
.
625
Apr
2,290
20
24%
810
Mar
7%
37V2
16 7n
4
6%
ft:." 2: ■■'/
191%
3
6%
42% Mar
91%
Feb
16
Jan
38%
16%
Jan
.4'A,'
Feb
4»% Mai-
89%
1%
4% Z'S/.;:.,
——5
Rubber
Warren
Apr
Feb
11%
:_30
l'/s
__
32'A
Co
cumulative preferred
Waldorf
29%
4%
Jan
Jan
cumulative preferred———100
10
6
5
Inc——
Metal &
8%
Jan
Apr
9%
2
23%
—1
common
Crane Co common
7ft
Mar
37 Va
Corp
Container Corp of Amer commons
Mar
5
Jan
39
*
pt
188
—
.
*
——
United Shoe Machinery Corp
U
2,298
21/2
2
3%
Mai-
13 Mar
Jan
_25
common
common
pt
3
4'A
9%
Twist Drill
Fruit
29%
3
——-*
*
—
Webster Inc
Drug
108
11
91/8
Jan
Jan
9%
sh v t c class A.
_50
sh v t c class B
°
Vtc pfd partic shares—-—.——50
16% Mar
90c
100
100
2.50
100
V
50
25
North Butte Mining
Utah
Jan
Common
Common
3% 7/4
—5
:
New
6ft
14
.4
*
1
—,
Narragansett Racing Assn Inc
Nash-Kelvinator
:———
United
Apr
Mar
175
5
1
t c
v
Mergenthaler Linotype
United
30
15%
—
25
—100
Loews Boston Theatres—:
Union
Jan
67
271/4
29%
—
Corp
Torrington
!4
24
Jan
5
—
&
Apr
>2 %
62'A
106
Public Service————1
*
General Electric
*
Gillette Safety Razor Co
*
Hathaway Bakeries class B
*
Isle Royale Copper—————-15
Kennecott Copper
*
National Stores—
Stone
93
15%
/
Engineers
Shawmut
Apr
Jan
.
330
3
*
•
Association—
fcjmpioyers Group
Old
12
81%
11%
64%
100
Economy Grocery Stores
Util
Consumers Co—
29
preferred class B
—_—-100
5ft preferred adjustment ——100
Eastern SS Lines common
*
Mass
Api-
>4
104
■Z 9';ft Jan
9
100
1st pfd series A
Lamson
108
10
60
6ft
First
Jan
108
Four-Wfheel
Eastern Mass Street Ry common
-6ft
Oil
381
*
—
—
prior preferred—
4'A 'A
Consolidated
6% Mar
Edison
!»'
1U
Mar
70%
common——
Lamp & Stove
Commonwealth
Fuel Associates—
Gas &
Eastern
Apr
12
*
Co..
Range
Biscuit
30
93
-*
100
Trust——.
& Providence RR
Boston Personal Prop
Copper
Consolidated
Jan
Coleman
Feb
64
*
1st preferred
stamped
Cities
Jan
144'A
Cudahy
..100
100
—1Q0
7ft class C ist. preferred———100
stamped
100
10r!o class D stamped.———100
stamped
Boston
4%
24%
!4%
29 %
prior preierred—
10U
6% preferred ■
—100
stamped
100
5'/f class A 1st preferred—.——100
class B
45
11%
1%
8ft
Jan.
Jan
Jan
'
26
Mar
11%
75
8%
Mai-
u
65 V4
255
10
common
Utensil
17%
7%
90
stamped ——-——100
Co.
1271/8
!7Vs
RR—
Maine
&
Common
25% Mar
Service
Aluminum
2,411
__
_————-—
Club
6
Jan
42
44%
14
5
Feb
83
50
44%
12%
common
1,531
30
108
Cities
High
,
Corp
155
.
6%
6%
Bigelow-Sanford Carpet 6',» pfd..—100
Bird & Son, Inc. ——
*
Boston & Albany RR—.——-—100
Boston Edison
—25
Boston Elevated Ry.:
1Q0
Boston Herald Traveler Corp
*
Boston
25%
29'A
50
—
Low
140% 143 Va
142%
Chrysler
Range Since January 1
19%
60
*
;A
common
Chicago Yellow Cab capital
iV
-
%
■
■
———_
Jan
'•
<
8%
50c
com
:
5
Cherry Burrell Corp common
5
Chicago Corp common——1
High
24%
100
100
*
& Tel
Tel
American
L010
Shares
Jan
1%
250
Mar
Sales
of Prices
15
550
.
41/4 Mar
for Week
Sale Price
Jan
Wire—
'
Range
Jan
4
8% Mai-
Exchange
Week's
.4%
Jan
Central
Last
Jan
__a
Brothers
Preferred
Friday
34
Jan
4,200
sales
%
Jan.
Feb
Jan
official
13%
5%
Jan
from
1,250
3%
60
compiled
14%
11%
54%
April 2 both inclusive,
14%
100
Mar
to
.—10
16
300
Mar
27
600
2,525
55
March
19%
8'/a
49
Boston Stock
Jan
18 Va
5ft cumul conv preferred
.-..30
Campbell Wyant & Cannor Fdy cap__/*
Castle & Co (A M) common.
—10
Jan
100%
Jan
3%
2,850
4*/a
19,500
6,000
Jan
%
7%
Transit Co 4s—
'—
2%
200
4
90'A
—
350
1
10
$1,800
5s series B
Jan
5%
5Va
common—i—.
J)
%
514
J
Piston
Butler
Feb
Sft.
5s series A.—
Low.
1,100
*
preferred—,—.
(E
Bros
Burd
58% Mar
Bonds-
Baltimore
%
common
&
"A"
Co
Bunte
Mar
22
Jan
51'A Jan
3
Common
••.
82% Mar
Jan
x5%
common
(E
Fence
Class
v
Apr
_4
Corp
Sons
&
Brown
31 Va Mar
2.20
capital
3 ft
Range Since January 1
High
1%
Brewing Corp..—
Warner
Brach
25% Mar
Low
-
1%
—
Apr
15
■
Shares
1
Binks Mfg Co capital
Bliss & Laughlin Inc common
Jan
351/4
Jan
Jan
Jan
Mar
Jan
Co,
Aviation
Berghoff
Jan
131
Jan
Par
Sales
for Week
.Range
of Prices
common
Washer
Mfg
Last
Sale Price
Belmont Radio Corp——
Atlantic Coast Line ConnCertificates of indebt
,,'
i
Aviation Corp (Delaware)
Bastian Blessing common—
1.40 Mar
1.00 Mar
10
4
22
25 'A
56%
16
9'A
20
13
22
27
1.80
9'A
82
.
56%
32
50
400
35V4 35'A
15
15
25 Va 25%
31 % 31%
2.20 2.20
—
—
...
1,276
129
9'/4
9V4
:__100
!_100
Houston Oil of Texas vtc pfd——125
Moore (Tom) Distillery———
25
Mt Vernon-Woodbury Mills com
100
pygfgrygd
—100
New Amsterdam: Casualty.
—2
Penna Water & Power com—
*
U S Fidelity & Guar
-50
2nd
127'
128%
1st })fd_
Georgia Sou & Fla
9% 10%
60% 60%
9 'A
9%
9%
preferred v t c
-100
Gas Elec Light & Power com."
Eastern Sugars Assoc com v t c
1
Fidelity & Deposit
20
Finance Co of Amer A common
5
1st
a;.«
> *
,r
common—
Wheel
Truss
Automatic
High
how/■/:'/.//;
vtc—*
common
•.!<,.
j,
■
Asbestos-Mfg Co
•
Arundel Corporation
Baltimore Transit Co
|
>4
sales lists
High
Low
par
i
*■
STOCKS—
Sales
for Week
Shares
of Prices
Sale Price
•V(«
42
42
13%
50
13
Jan
37%
Feb
1%
Jan
4'/2
16%
42
Feb
Apr
Mar
Merch & Manufacturers Sec—
Class
Chicago Stock Exchange
March
27
to April
2 both inclusive,
Friday
Last
STOCKS—
Sale Price
Par
Abbott Laboratories
Acme Steel Co
Adams
(J D)
Mfg
Aetna Ball
Allied
Allls
Amer
Pub
American
Armour
Aro
Bearing
&
Co
Tel
Co
see
14%
51%
Jan
62% Mar
109
41'4
Jan
50
Jan-V
14%
50
10
7%
7%
200
6
Jan
5Va
6
2%
Jan
2,300
,
Mar
14'/2
Apr
71/4 Mar
6
Anr
•
12%
11
Jan
15%
16
200
12%
Jan
16
34
34%
410
25%
Jan
34% Mar
40
101% 102%
100
141% 143
5
page
13%
100
capital
1263
4%
1
common
For footnotes
50
High
210
•
common
Equipment Co
49%
/'
•
preferred
&
62%
12!/a
4%
13
1.000
United
capital
Midland
13% Mar
Mar
...
pfd
conv
6%
prior lien
Miller & Hart $1
Montgomery
3% Mar
23
Mar
4% Mar
71/2
8 Vz
10,150
4%
Jan
81/2 Mar
8%
Jan
11% Mar
in Mar
is Mar
2,200
5,000
...—...100
:, 1/4
\A
200
%
Jan
1%
2
100
1%
Feb
,.1G
9%
9%
1,300
8%
Jan
—♦
—
Ward
v
t
1%
1%
4,500
1
Jan
•
39%
40%
371
—.A
251/2
26
—100
c
&
Muskegon.Mot Spec
Cylinder
National Pressure
Co
common
class A._
Springfilled
National Standard
Gas
common—-—*
common...
Cooker
Jan
102% Mar
143% Mar
North American Car common
Jan
1,100
10
Jan
common
12%
7%
40
60
13%
340
13%
A
31/4
10
Feb
Feb
Jan
1% Mar
33 %
Jan
40%
Apr
25
Mar
26
Mar
10
Jan
13% Mar
•9%
Jan
13%
8
Apr
Mar
200
4%
Jan
500
26%
Jan
32%
30
500
23%
Jan
30
14
2,200
8%
Jan
14
400
7%
Jan
10V4 Mar
Jan
14
8
32
5
29%
...20
13%
Northern Illinois Corp common—
Paper Mill's
12
32
10
Noblitt-Sparks Ind Inc capital
Jan
3
1
2
common
common
<M 00
Northern
Jan
19
"3% Feb
is
90%
Mar
10
600
11 %
1,550
4% Mar
ft
ilii
1,270
13
1,550
4%
11%
prior preferred
stock
Common
National
3%
23
4%
*
„—
preferred class A.
Nachman
5
2%
23
Utilities—'
7ft
Low
*
-
common
Mfg Co
Serv
Tel
Range Since January 1
High
60 Va
Corp
Common
5
common
Laboratories
Chalmers
Low
Shares
1
common
West
Midland
for Week
A_*
;
common—
Castings
Middle
Sales
Range
25
,i
common
Adams Oil & Gas Co
Advanced Alum
Week's
•
common
common
compiled from official sales lists
of Prices
A
$2 cumul part, preferred——.
*
Mickelberry's Food Prod common
...1
*
10
IOV4
*
14
14
ft
20
12
Feb
Mar
Apr
Apr
K Xh
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4165
157
1259
OTHER STOCK EXCHANGES
'■
Week's
Sales
Range
Friday
for Week
.'V
XXXXv:px
Northwest
••.■■'•■
Airlines "Inc
Northwest
North
West
Prior
Parker
Corp
body
7%
preferred
Coal
B____
common
preferred
Pennsylvania
capital——
100
Co
(The)
'if
9
Corp
(The)
wiuiker
Oats
Co
Rath
common
.10
Ml'g Co common
Raytheon
6V
preferred
Mfg Co common
Rollins Hosiery Mills common.
•
Bend
Southwest
Lathe
Lt
&
Inc.,
opiegei,
Standard
•
Power
__
Ou
~
Swift
Thompson
(J
R)
Co
Union
Carbide
U
S
Air
T'k
Co
Radio
Wamreen
Cumulative
Yates-Amer
Zenith
Mach
Radio
V
■
:.J
•
Interlake
90
Jones
&
Kelly
Island
ft
Lime
Lanison
&
Medusa
&
Portland
Monarch
Tr
VV'-
10 7B
ft
Prior
preferred
a207'a a20%
a 187a
ft
Mar
Nestle
ft
Ohio
LeMur
V-
6 74
574
84
Mar
A
Mar
Feb
1074 Mar
Jan
4
Jan
Mar
21% Mar
Jan
1474
15
6
4
Jan
Jan
674 Mar
Jan
8574 Mar
1874 Mar
65
1
Jan
IX 134
Mar
174
Jan
4%
Apr
30
12%
Feb
13% Mar
358
28
350
174
4 74
474
•A
1674
.
25
84
'
1%
4%
x
30O
Jan
Mar
92%
^;|s
5%
Jan
:
,
2%
;:
Jan
16
Feb
%
Jan
2%
Jan
7?"
414 Va
Jan
227 a
Jan
25%
768
2)
Jan
34
49 74
241
42'i
Jan
49 74
■
1174
336
Mar
General
Mar
Apr
Mar
Feb
Jan
12
Mar
Jan
85 74
9%
Mar
Jan
167 a
Jan
Jan
'57 74
117% 1177 a
204
112%
Jan
117%
2,250
2
Jan
23
24
24%
2474
7074
386
9 74
Jan
774
275
6
Feb
7
7%
150
7
Jan
7'4
Jan
20%
ft
Stores
,„
Sheet
Tire
7 Vz /
20%
125
Jan
20'4
Mar
&
80
;
,,
„,
<«
Tube
a37
a
37 74
a20%
a
2074
a
33%
36%
37%
Mar
Feb
150
a
1374
20
77
a3374
Industrial
N
Y
Rubber
Iron
Central
common...10
10
common
Rayon
Interlake
——10
common
&
Electric
RR
37 74
185
a
a37% a38%
——*
i
—_____
40
100
674
Jan
18
533
14 74
Mar
15
al674 al7
270
1774 al8
262
49%
Jan
5PA
874
*
common
Ohio Oil common.
Republic Steel
a
—_SI
common
common
U
S
874
15
*
a
_
Steel
•
Youngstown
Steel
Door
874 Mar
Mar
a5674
a
*
common
al3
al3
102
57'/a
Feb
50
18%
Jan
90
•
Apr
267a
Jan
807a
Jan
5 7'a
Jan
9
Apr
30
85%
Jan
90
Mar
174
Feb
47s Mar
'7% Mar
34
Mar
374
7%
3,100
5 74
Jan
5%
2,250
3 7'4
Jan
674
697s
55
58%
Jan
70 74
York Stock Exchange
Detroit
Stock
New
York
Curb Associate
Chicago Stock Exchange
Exchange
Mar
900
474
Jan
30'4
752
19%
Jan
974
1,200
7
6%
28%
•
New
Feb
6974
674
4%
850
5%
*-
Members
9574 Mar
7%
5%
Watling, Lerchen & Co.
2478 Mar
195
9
V7
3% Mar
24
120
33
5
19%
674
774
_
Mar
Jan
20%
65
95%
7%
common
_
Mar
23
550
317 a
92%
*
90
.
551
50
capital
_
674 Mar
Apr
3%
3%.
100
L—100
capital
Mar
^
Apr
3%
2
Feb
Mar
79%
47 Va
57%
•
....
Drug
Adrcssograph-Mul
Firestone
59%
23
55%
1
Jan
5 74
75
Unlisted—
Feb
745
70
21%
56%
100
19 74
ft
Works
ft
Weinberger
23 74
100
s
674
....
Youngstown
1,386
70
21%
capital—_5
—————*
28
a447« a447'4
Apr
8
350
85 %
2774
25
_
67a
Iron
Mar
874
200
9
11
84%
11
13%
'
Ohio
White Motor
18% Mar
34
13%
...
of
Tool
Apr
1174 Mar
600
33 74
34 7-':v
Dorn
Apr
2%
,4;y V
5,350
,
25 74
Van
Mar
4 33
Jan
,1%
:
Apr
27
..
:•
Upson-Walton
Vlchek
20
<
.
1%
28
'750
18
'
474
Jan
100
11%
r.
Oil
12 74
'•
;■
Bros.
Standard
Apr
Jan
13*>
661
274
Richman
Mar
70%
:V.'I.:":
ft
B
Electric
11%
Mar
:.3f
4
Reliance
class
21% Mar
i
Jan
200
33
Apr
Jan
Feb
450
.
Jan
5%
Brass
Feb
'
1874 Mar
v.
374
30
2.925
■
ft
6%
9%
357a
Jan
Mar
200
ft
...-Li-
90
Jan
9 74
867
6
al83a
new
Feb
Mar
Mar
■
Acme
Refining,
33 >. Mar
21 % Mar
,
250
18
18
ft
Tool
Mar
3 0 74
132
10%
5%
ft
Cement
739
35
a2434 a2534
ft
Sessions
Machine
80
9%
3474
..
Laughlin
20
9
30
90
97 a
Steamship
Mar
103
a35a4 a36 7B
<,
...
3574
85
105
14-%
Jan
33
-S
Jan
19 74
70
1, a3674 a38
High
1074
40
100
3%
Mar
83-
14,050
is
i«i
5:
iv23[
1,300
2%
11%
•:
preferred:——.*
Corp
5%
-2
common.:
Co
Jr)
-
Rubber..
Towing preferred.
National Tile
17
Jan
Jan
50
16
U"
lu
Bankshares common.——*
< Win
v
■■"•'.■'•
35 74
2,077
Halle Bros common
9% Mar
4774
Woodall Indust common..
Wrigie.v
'
;
"•
Range Since January 1
Low
14%
a2074 ti2074
.__25
.
National
3;
100
27
,274
Williams Oil-O-Matic common.——
Wisconsin
Co.
National
9%
50
..
9274
-
117b
„15
Ai
Tel common
prior
R.
Mar
7%
400
4
12%
17%'
preferred
Stores Inc
&
Great Lakes
Jan
40
<
T.
'
s
High
a41 V4 a4174
14
Manufacturing
Mar
2 V'a
59%
100
571.
3174
-5
Westinghouse Elec & Mfg common
■
;S
•
)
274
common...
Union
Western
Wleboldt
Mar
■92
Jan
19i
&
150
,
11%
70%
2%
Pump Co capital..————1
Wayne
2174
15.74
1
Products common
Co
Mar
2 Via
Jan
14'
200
574
'
25
Transp
90
5%
2%
capital——*
common
20
cumulative
Utah
$
common.
capital
common.—
1%
3,500
S
91
Carbon
Lines
Steel
S
...
«
common
<fc
Gypsum
United
92%
■
25
capital
common.....
(The)
l:
17
12%.
'
•
capital—.—
Trane
m 3.
Mar
9 %
Mar
2%
Apr
.11 % Apr
7
Jan
35;
Mar
52
..
Feb
701"
800
974
Jan
li%
v
-150
•
Jan
6j%
50
•.
Jan
%
■
370
33
26.
capital
Corp
2
92
Jan
4 74
570
"
-
25 74
International
Co
4674
500
3 *•
4
-r-M.'
1
common.....
Tool
Mttcuuiti
&
31%
68%
■
20
Stewart Warner Corp common
biuiuouaua
Jan
1174
—2
Brewers Inc common.
Swift
U
V
■■■■■
preferred
Indiana
23%
334
Apr
3% Mar
1,008
1,650
2174
■
5
capital
common
Ej.ec
&
oi
21%
82
2%
574
■
■
."v.:
■
—
Gas
Sterling
&
7 % Mar
Jan
Feb
9 74
27b
,
:
y_i_
1
__
common...———
owiiUard
Tire
11%
874
-
>
.
common
Works
Dredging
Standard
Texa8
■
2%
■:,
♦
Preferred
-
9
»
Signode Steel Strap common..
South
Goodyear
Jan
7of8
51%
35 v
..1
capital
Corp class B
F._
100
31%
89%
"
—4 7.-
capual—
Co
&
B.
Feb
Loto
IVA
Shares
'
common
Cummins
Roebuck
Goodrich,
1,000
80
17,'.:
SchwiUer
Serrick
v.
-5
-
3%
2
-
'v
......
Sang a mo Electric Co
Sears
'
91
50c
Reliance
Mar
2 74
•
,_A.'
>•;
common
common
Packing
99
1074
,
11
Process
Jan
56i
4%
14%
20
250
8
v
"l
common——
General
1,900
51%
*
Poor & Co class B—
Mar
Eaton
of Prices
Par
■■''V,.'
■.
20%
?
'O 'A
Sales
for Week
Range
Sale Price
common
Jan
7%
30
31%
.50
A;.
Corn
14% Mar
21%
80
Cliffs
19% Mar
Jan
6%
3'4
■■' ;%■
v:■
Jan
10%
20%
100
Peoples Gas Lt <fc Coke capital
Potter
74
o
:
RR
~7
10
High
v
-•
15%
650
560
fe
99
"Low
347
K';.»
20%
.
99 '
__6
;
14%
Last
STOCKS—
Range Since January 1
w..
19%
19
.100
common
High
14
14%
100
(The)
Shares
18%
_•
common..
Co
Low
Par
■
common....*.*
common
preferred
Pen
6%
A
Util
lien
Omnibus
Pea
Bancorp,
of Prices
Sale Price
Week's
Friday
1
•
Last ;■>.
STOCKS—
7
Ford
»Telephone: Randolph
Mar
3074
DETROIT
Building
5530
Apr
Unlisted StocksRadiator &
American
Anaconda
Copper
St
•
9 74
874
6%
Jan
50
San
29 74
2974
30
24 aA
Jan
30
527b
5574
615
45 Vb
Jan
5574 Mar
6574
68%
675
56
Jan
68 %
Api-
9%
461
6
74,< Jan
9 74
Mar
377 B
1,150
Jan
37 74
Mar
com
Mining—
Atchison
Topeka & Santa Fe com—100
Bethlehem Steel Corp common
*
1
Curnss-Wright
General
Electric
Interlake
Paramount
(The)
18
Jan
Corp
2.900
6%
Jan
10 74
'
1474
18%
6,460
10%
Jan
18% Mai-
2374
24%
2.850
15%
Jan
2474 Mar
24'
9%
34%
3574
675
26%
Jan
35% Mai-
1674
16
1774
1,605
9%
Jan
17 74
8%
874
3,950
5
Jan
*
17 7B
582
14
Jan
.4%
4674
Jan
■yW:
Mar
Jan
53%
Mai-
1,475
53%
710
,
18
Mar
574
Jan
1074
3874
310
25%
Jan
3874
225
1274
Jan
17
Mar
10%
3774
37%
16%
Mar
27
to
Allen
Electric common..——.■__.__._1
Atlas
Drop
Forge
5
common—■
Baldwin Rubber common
McLaren
Brown,
Burroughs
Machine
Adding
Capital
Paper
common...
.12 74c
*
5
10
Motors
common.—
Consolidated
Continental
Milr.er
&
,
Nav
common
Edison
common
20
common
1
Gray
Iron
Detroit-Michigan
High
1%
Feb
174 Mar
574
Jan
874 Mar
574
4,220
4 %
Jan
1%
1.500
17B
Jan
174 Mar
12%
1,043
9%
Jan
1214 Mar
5%
Feb
174
1,800
75C
Jan
11%
12%
200
11
Jan
11
75-%
7574
116
68
Jan
757a Mar
14%
14%
265
12
Jan
1474 Mar
574
574
563
274
274
4%
5
174
1174
•'•••• '•
-
474
Jan
534 Mar
800
1
Jan
274 Mar
18,244
•
Jan
3
Jan
5
18%
•
174 Mar
474
1874
1274
17 74
3,868
1274
125
1874
—
Jan
12% Mar
70c
Jan
19%
Apr
Feb
12% Mar
174 Mar
1%
100
37B
3%
1,000
153/4
15 74
100
13 %
Mar
16%
Mar
5%
5%
546
3%
Jan
5'A
Mar
17+
300
1%
Jan
174
Feb
574
4,671
••3 74
Jan
5% Mar
1%
374
1
common
';f.;
300
1,550
1%
5
common.—.
Stove
Low
2
8%
12
10
Gasket
Range Since January 1
.
574
174
*
common
Cleveland
.,
174
1
City Prod common
Corp common
—1
"■■.
High
7%
*
Burry Biscuit common
Chrysler
Shares
of Prices
.:■■■■■
■
for Week
Range
Low
sales lists
Sales
Week's
.;:i%
1
Detroit
sales lists
compiled from official
xyxy;:;
1
common
Detroit
official
Exchange
inclusive,
Sale Price
Par
Detroit
Exchange
inclusive, compiled from
April 2 both
both
STOCKS—
Detroit
March
2
Last
Crowley,
Cincinnati Stock
April
Friday
Mai-
17
10
1
Mar
8% Mai-
850
10
10
.
7
67 a
51 %
—
1
common
18
17%
674
•
Yellow Truck & Coach class B
774
to
Mar
34 74
capltal__25
common
Detroit Stock
27
March
974 Apr
2374 Mar
10 74
8%
*
•
Oil of New Jersey
Rubber Co
S.
U.
1,520
974
22
•
common
of America common
Studebfiker
23%
974
•
Republic Steel Corp common
Standard Brands common.—
Standard
461
22 74
18
capital—
Co
Oil
Pure
Radio Corp
Jan
6
1
common
Inc
Pullman
3074
Apr
Mai-
7 9 74
capital
RR
Pictures
36
j
9 74
•
Corp
Central
York
New
874
.
%
5
common—...
Co common
L)
Nash-Kelvinator
'A.—
•
Co
Iron Corp
(Glenn
Martin
6874
2.600
■vj2
Jan
4
Mar
'
.
V-. .':-'
•
' "
' '
:
.
•
-V
••„
"V:'l
-7
;
v.
"r'.f
.
Friday
.
:\.
'
Week's
Last
Range
v,
Sale Price
STOCKS—
Baldwin
preferred
—
Low
20
Machinery—
Laundry
100
,,
100
,
Shares
Range Since January 1
Low
High
27
26%
100
—
Federal
for Week
of Trices
Par
American
Sales
100
10
,
Jan
27
Mar
91
Mar
100
Mar
L
V
Brewing
Burger
Champ
;
'ww
—
100
preferred..—.—.
Paper
10274
:
£
Churngold
...—
2%
'
102% 103%
10%
—
2%
9
10%
10
48
336
174
9974
Jan
2% Mar
Jan
104
Jan
5
Feb
10% Mar
■
O
N
T
&
6
P.
ft:
■
—
v
90
'20 k-'ti:'
Cincinnati Street
50
Telephone
■
0
10
'
•
Insulation
—
.
_
Art
*—»
«
class
U S
Jan
774 Mar
9
Jan
Jan
70
Jan
774
Jan
9
Mar
974
Jan
8
718
68
100
9
125
17
8' 5
3%
756
1074
105
60
2%
774
17
Jan
Jan
2974
100
1674
115
20
Jan
41 •>:
16
28%
37
Mar
3%
Jan
Mar
1074
Jan
26
Mar
32 Va
Mar
25
Mar
26
,
Feb
Mar
Jan
41
26%
554
2474
Feb
2774
Jan
21
160
20
Feb
23%
Feb
4
300
1%
1
xh
56
36
174
4
Mar
%
100
380
Jan
OO
Feb
2
Mar
nN
Jan
56
Mar
274
Jan
50
4
40
274
Jan
3%
Mar
38%
5
30%
Jan
38%
Mar
57A
5
w_.
5
150
3
Jan
•'
Unlisted—
American
♦
•
Brands
Roller
133A
1474
256
10%
Jan
14%
Mar
137b
14%
170
1074
Jan
14 74
Mar
274
3
49%
10 Av-.
Motors
Standard
Timken
_
Gas
General
Gar Wood
General
:■■.••
©
Bearing...
.■■—"
47%
:■';
674
47%
3
50%
7
47%
881
2
Jan
281
44 74
Jan
323
474
Jan
4174
Jan
45
3 74
50 74
Feb
Graham-Paige
April
2
both
inclusive, compiled from official
Friday
Last
STOCKS—
Sale Price
Brewing
Corp. of
City
&
Ice
Cleveland
Cliffs
Cleveland
Elec
For
America
Iron,
111
footnotes
»
preferred—\
*
preferred)—'9
$4.50
see
page
1263.
Range
of Prices
14 74
IV2
■
-
Ball
&
Kinsel
315
174
774
...
Products common
McClanahan
Oil
1
common
—4.
Jan
1874
Mar
974
Jan
13
Mar
4%
Jan
I
700
300
71c
.
800
3
1,100
2274
215
174
1%
320
2
—1
Michigan Silica common
27c
13A
5.800
2
High
50
675
10%
Jan
14 74
Mar
68
70%
250
59
Ja'n
707-4
Apr
a3774 a3774
100
Mar
19%
Jan
22%
1
Jan
13c
Jan
Feb
174 Mar
27c
Mar
Mar
5
574
174
Jan
2
1%
Feb
274 Mar
Jan
574 Mar
150
4%
174
1,300
774
700
6%
5
5
200
4% Mar
2%
2%
900
1%
Jan
15%
15%
180
11%
Jan
1,915
53s
874
Apr
1,270
2%
Jan
474
Mar
174
Jan
3 % Mar
*
common
———10
Micromatic
Hone
1
common.....
Abrasive
Mid-West
common.....___50c
Motor Wheel common—
Murray Corp
Packard
__—
Motor
5
10
—
Car
"i%
'
:
.
8
87b
,:-.V 4
4
common
Chemical
Park
X ■4 74
3
—
•■■■
3 74
600
62c
Jan
174 Mar
Jan
778 Mar
Jan
5
Jan
274 Mar
15'A
Mar
.
Davis
Peninsular
Pfeiffer
Mtl
Rickel
Prd
common.—
(H W)
—
Tubs,
(Fred'k)
B
——
common..*,
Brewing,
common
Udylite common
U
S
Radiator
Universal
Walker
&
~3
:
2%
*
________—
74
1,340
1 %
Jan
274 Mar
8%
200
4%
Jan
87s Mar
2%
Jan
874
t:
3
■
2%
2
3
0.:
105
Warner Aircraft common
Wayne
Screw
Produ
:
common
5%
Jan
2%
1,179
1 %
Jan
14%
350
1074
Jan
274
67b
3%
Apr
Mar
274 M°r
1474
Mar
4%
700
Jan
474
274
274
2,450
174
Jan
274 Mar
274
,750
1 %
Jan
2
14%
150
13%
Jan
174
174
810
1%
Jan
174 Mar
274
3
2,350
274
Feb
3
5
174
:_1
—1
1
*
Mar
100
14'A
——*
1
7 74
1,264
27a
"274
5
200
4%
Mar
5'A Mar
174
Jan
274
Apr
Mar
1474 Mar
Mar
~
Apr
2%
100
174
1%
500
68c
Jan
174 Mar
274
*
B
2974 Mar
H 174 Mar
374
2%
1
1
class
class B——
Jan
1%
14
1
common
Cooler
Co
—
——
Jan
Jan
674
$ 2 74
....
10
common.
common
common
2
574
76c
l'A
'
2%
common
28
674
—1
—1
common
Pattern
217
.........1
common
Paper
527
7%
6%
common..—
common
Raisin
28 >4
6%
—4
common
Invest
28 %
19
common
Brewing
Motors
*
common
Parker-Wolverine,
United Specialties
14'A
Mar
54
574
Stearns
14
3
Feb
174
774
Tlvoli
Low
Mai-
Jan
49
1
Sugar,
Preferred
Standard
High
Mar
80c
Michigan
Simplicity
Range Since January 1
Jan
2,650
1
Sales
Shares
51c
874
Michigan Steel Tube common——274
Sheller Manufacturing
for Week
,
6,683
2
2
...
Feb
Mar
14%
8%
25c
■—
8% Mar
155
51C
174
Jan
Mar
385
2174
1
2
474
50c
10
234
Jan
83c
4974
13
65c
3
Jan
18 74
774
1
1
Jan
1%
800
1274
*
374 Mar
44%
'
4,115
1874
Masco Screw
Prudential
sales lists
2
...10
common—.——
Michigan Die Casting
■
—__0
B
common
(S S)
Reo
4774 Mar
174
5%
common
class
■x'i2/x Jan
451
& Mfg common———_1
Drug
Kresge
450
2%
:
5 74
Products common...
Kingston
374
5074
2%
:
5
Hudson Motor Car, common
Hurd Lock
374
50 7'b
1
——_—1
Bearing
Houdaille-Hershey
574
10
:
.
Hall Lamp common.......^...
Mar
a2374 a23%
3
Fuel....
Week's
Low
Par
174
1
common
common—
common
Scotten-Dillon
to
3
common..
Brewing
Mar
■■7
Cleveland Stock Exchange
27
1
common—.
Industries
Motors
Goebel
River
March
common—.
Brew,
Finance,
General
Parke
13%
14 74
25
Rolling Mill
City Ice & Fuel
Columbia
Frankenmuth
*
common
Mar
4
*
Truck
Mar
3%
38%
-.-A
38 74
^
4
3%
•
ft
10
.
86
25
55
—
._
Feb
374
55 74
—
Printing
84
30
Motor
Hoover
'26
ft
B.__
Feb
2974
1 %
—
Playing Card
Mar
25
374
ft
Rapid
Mar
3 %
917b
2574
•
40 >
2.50
Pumps
6
Feb
Jan
85
:
Mar
2%
8172
20%
Procter & Gamble common.A----
Randall
""
ft1
Magnavox
U S
10
26%
„—
Lunkenheimer
National
3%
ft
ft
Kroger
157b
25 »A
:
class A_.——
Hobart
9
:
c
...
ft
Gibson
■« j
2974
Daniel..—
&
Formica
■
10
ft
774:
67%
3V4
—
Eagle-Picher
Earlv
,
1574
Corporation
Dow Drug
8
9
»
Crosley
85
68
Cincinnati Union Stock Yards—
91 7 B
6
75
136
13
3 74'
90
——•
50
Cincinnati
6
3%
.100
Electric pfd—
Cincinnati Gas
C
%
Advertising Prod——
Ball Crank._.___.—
Cincinnati
Cincinnati
Federal
■:'
,—5
common
High
2074
300
Mogul
274
100
2
Jan
2% Mar
174
Jan
17a Mar
4
Jan
274
..1
174
174
17«
2,810
___4
i'AVz
4%
47a
500
THE COMMERCIAL
& FINANCIAL CHRONICLE
Monday, April 5, 1943
OTHER STOCK EXCHANGES
Los Angeles
Low
Low
*
1
Department Store Inc
Buckeye Union Oil Co common—'.
Broadway
■
Preferred
voting
certif—
trust
Central Investment Corp
Aircraft Company
Cessna
Chrysler Corp
Corp
—5
Oil Co class A common.:
Exeter
General
Paint
Corp
Motors
General
■
1st pfd
9
240
12%
13%
820
633
Warrants
40c
2234
24'A
16
16
16
33c
33c
32 77;- 32
40
11%
preferred B
5% ft
preferred
a36%
__
:
southern
Pacific
Oil
Co
de
Weber
Oil—,
Copper Mining
(111)
& Co
Refining
Atlantic
Bethiehem
Steel
30%
200
333k ,Feb
Feb
4,267
243a
Apr
34%
1,805
35
Feb
33 k
200
9%
33k Mar
69
180
69
69
10
4
9%
Apr
Mar
8
5,139
8% Mar
19
19%
4,179
19 % Mar
11%
7%
11%
600
7
1914
734
7
77
7
11 %
Feb
V/a Feb
100
.
24%
46
24%
18
2414
4%
*
834
9%
Apr
Southern
Kennecott
39 34
Tel
&
66%
a313s
33%
9%
46%
46%
20
2%
&
S
City
Natural Gas
Arkansas
Blaw-Knox
Byers
Co
Jan
5
Apr
1,702
33k
Jan
4% Mar
30%
29%
31%
5,765
233k
Jan
31%
Apr
117%
Apr
110
11434 Jan
32%
32%
312
313k Jan
19%
2014
1,100
117% 117%
J.
20%
32% Mar
1334
Jan
20%
Apr
143k
Jan
20%
Apr
26%
Jan
33% Mar
20 l/a
Mar
29% Mar
234
.
Jan
'
19%
2014
32%
33%
87
29%
29 Va
45
166
'
'
145
5% Mar
5%
5%
38%
39 %
37
38 Va
Jan
43 ya
59%
63%
386
483k
Jan
63% Mar
—-
%
660
1%
%
200
1 %
1,203
..
13k
27
54
27
%
1
Apr
Feb
1% Mar
1% Mar
134 Mar
270
1
Feb
25 %
Mar
21%
25 %
1,089
73k
8%
39,042
8% Mar
108% 10934
429
10934 Mar
8%
109%;
13%
24%
■>
■:■
50
13%
Apr
410
13%
243k
24%
24%
Apr
Week's
—
(D.
-
*
Brewing
Pitt
574
6
395
10
...
Nat
Preferred
&
17
8%
Jan
2%
Jan
11% Mai3 % Mar
1%
Jan
119
3%
3%
1%
200
17%
123
99
99
•'
'•
*
_
Corp common..-
1% Max17% Mar
Jan
92
Jan
Mar
100
Bolt
1.293
7
Jan
734 Mar
7%
1,234
5%
Jan
7% Mar
.......
25
——
..
...—*
Corp
13%
92%
85
*6 Va
1.
3
3
3
—
common
3%
•
Air Brake
-
22%
_
21
13% Mar
84%
Jan
92% Max-
Jan
6%
3
i. Jan
2%
Jan
Apr
Apr
3 %
Mar
Feb
100
22%
lp
Feb
Jan
2
1,250
:
35
Feb
35
406
35
Alloys Steel...—
/
50
3
Mar
4%
277
5%
1%
25% Mar
914
20
6%
95c
Feb
Mar
25
10
13%
'
-1
1%
10
1%
25
Jan
25c
652
65c
1%
50 Vv';
91
...
Bros.—.
Westinghouse
13%
50
734
60c
.
.
_
Oil & Gas,
Vanadium
50%:
Feb
Mar
1 %
7%
0
Shamrock
Jan
16%
10
_
Pittsburgh Plate Glass
Reymer
15
7%
Sujiply
&
3%
'
'•
*
——
Screw
7%
Jan
1%
'
Pittsburgh Forgings
Pitts
Jan
2
11%
0
Federal
Feb
6%
580
154
1
Refrac
Apr
760
15%
<•
-
Fireproofing Corp.-
Penn
15%
7
15%
—
Fuel
Apr
834 Mat-
Jan
Jan
3
11%
pfd
Gas
Mountain
1
6%
■44?/'
'
Lone Star
10
m
5
-
-
-
Walker
25% Mar
Feb
15%
15%
Co.
Koppers
Jan
834
8%
_
Brewing
Harbison
18%
30
2%
■■
Products
Electric
75
10
14%
•
_
High
Low
25%
8%
common
Duquesne
Range Since January 1
15%
•
Oil
Fort
Shares
High
9%
10
_
Gas & Electric
Devonian
for Week
25%
Candy
L.)
Columbia
Sales
Range
of Prices
Low
-100
from official sales lists
compiled
—
Co pfd.
_
_
M.),
(A.
Clark
15%
Jan
22% Mar
a.36%
44%
Co
1
Established 1922
2
Jan
3%
1334
Jan
13%
24
95
22%
Jan
24%
.
St. Louis Stock Exchange
534
9
4%
% Jan
20% Mar
80
395
a36
:
H Feb
Jan
5%
Apr
7
Jan
9 %
Mar
500
4
Mar
5
Mar
Friday
Feb
Last
360
31% Jan
36%
250
38
37%
37% Mar
36
9%
85
634
6%
1,550
Mar
Jan
30
.
.
5%
55
60
57%..
36
6%
1,545
34%
Feb
9%
6%
Jan
55
Mar
183 k
18%
107
40%
288
36%
23 k
200
1%
Mar
Jan
ioy2 Jan
10% Jan
Apr
2% Mar
18%
Apr
16%
18%
3,160
13%
1334
1,267
14%
179
10%
Jan;
5%
Ohio Oil Co———
225
12
Jan
17
Packard Motor Car Co
*
Paramount
Pictures,
Pennsylvania
Oil
1
Inc
Co
RR
Co..
_*
Radio Corporation of America
Republic
243 k
a31%
50
Roebuck
&
814
•
Corp
Steel
Seaboard. Oil Co of Delaware
1734
8%
1734
4'' :
15%
Jan
19% Mar
313a
165
15%
Jan
24% Mar
1714
500
12%
Jan
17% Mar
13%
Standard Brands, Inc.
243k
28%
:
Feb
Mar
19
Feb
70 %
Apr
-
455
lO'A
Jan
1314
Apr
16%
Jan
28%
Apr
4%
961
6% Mar
Jan
6%
6%
31%
634
*
;
18
Jan
575
13%
Railway Co
814 Mar
59% Jan
50
2334
*.—15
;
1414
19
790
18
Jan
5
1,227
8%
*
Socony-Vacuura Oil Co
238
243k
70%
•
Mar
414 Mar
2% Jan
200
7
13% Mar
.
355
a23
*
Co
a30
16%
•
17
■7;
31%
126
28% Feb
31% Mar
54
190
47 %
Jan
50%Mar
'
Standard
OiLof
Standard
OiliCo
Studebaker
Ind
capital...
(New Jersey)...
Corp
Oil
25
a5334
1
25
.'
Corp (The)
Assoc
Oil
....
a25%
a3
a25 %
49
25
Co
a51 %
10
1
(Del)—_.__
Corp
Company
Water
'
_•
13%
,;v
10%
3
5%
30
Jan
2
375
Feb
25%
370
% 24%
49
352
42%
Jan
10% Mar
2% Mar
Feb
1434
1414
•
8434
8414
85%
a3434
3534
200
5
a223k
23
250
49
,
14%
Feb
Mar
Jan
Jan
343a Mar
18%
Jan
22% Mar
Apr
'
Aircraft
United
Air
United
Corp
Corp
Lines
Transport
(Delaware)
U S Rubber Co
Steel
;
1%
___
•
Warner Bros Pictures
56i/a
Inc.—T:—*""~5
12%
Westinghouse El & Mfg Co
_
Willys-Overland Motors Inc.—
Woolworth
(F W>
footnotes
Co—_
see
1
10
_
page
50
1263.
1
1%
v
n
840
Jan
383k
170
32
Mar
56 %
56 y2
711
48
Jan
13
387
12%
a93 %
5%
36
94%
55
6
570
36
415
Low
Shares
Range Since January 1
Shoe
4*—
-
*
Electric
Columbia
Dr
40
Jan
45
Feb
37
62
31
Jan
37%
Feb
22
-;V.:
22%
100
15%
Jan
22% Mar
5%
360
3%
170
17%
Jan
100
7%
Jan
311
12 %
Jan
23
Jan
26
Jan
5
Feb
7
Mar
Jan
102
5%
2%
Preferred
36
Preferred
18
25
25
75
7
7
100
International
common
Shoe
5% Mar
Jan
21
Portland
Cement
Scruggs-V-B Inc
220
8%
100
66
35c
7%
7%
—
common
43
13%
14
common—3
.5
Jan
4%
Feb
5%
Feb
::
31
675
5
1%
33
Feb
Mar
Sterling
St
Jan
St
Mar
&
Electric
common..
10
15
common
Apr
Apr
Apr
;
15%
Jan
18
Feb
38
Jan
43
Mar
75
13% Mar
14
Mar
370
V
15% Mar
15%
64
12)4
Jan
18
625
14%
Jan
9
V % 50
6%
Jan
9% Mar
200
2%
Feb
2% Mar
•**».&"
2%
1"•
2%
20
10
10
100
8%
Jan
10
10
11%
312
7%
Jan
11%
11 Va
9
Mar
Mar
Apr
Mar
83/4
9
75
6%
Jan
7%
1
common
Fuller
7%
7%
7%
55
614
Feb
29
491
24%
Jan
29
85% Mar
28%
29
7% Mar
Apr
Bonds—
Apr
36
Alum
Baer
Wagner
13
Mar
*
common
6%
Jan
'
Stix
56% Mar
6
Steel
Scullin
6% Mar
31
Apr-
15
18
9
common.—
914 Mar
9
45
Apr
17%
25
*
33% Mar
10
16
—
Feb
Jan
.31
43
*'-:'
6%
28%
20
31
16 V2
—J.'-
40c
Jan
165
614
7%
8% Mar
Jan
Jan
3%
516
6
.
7%
20c
Mar
598
8Va
*
common
Bank Bldg Equip
7
7
20
Rice-Stix Dry Goods common.*
Louis
8% Mar
9%
31
31
Apr
Jan
Feb
3314
%
Mar
7%
6
6
18
5%
32%
'mm'-**'
~6%
common
Candy
5%
-
25
98%
Feb
9% Mar
105
8%
9%
*
Meyer Blanke common.
Mo
National
30c
32%
common
common.
McQuay-Norris
6%
8%
v-';
8%
common
$2.70 preferred „—*
Laclede-Christy Clay Prod common
5
Steel
8%
—5
100
9%
102
102
*
common
Knapp Monarch common...
Laclede
7
.1
—.100
Johnson-S-S Shoe
1
25
___4
Key Co common..—
82
Mar
9%
17%
—100
i.
Huttig S & D common
Hydraulic Pressed Brick
20
*
:
Falstaff Brew common..
Hussmann-Ligonier
19%
19%
5
:
common
common—..
Electric common—...
Emerson
Jan
Jan
Brew
Pepper
1
common
Ely & Walker Dry Goods common—25
Jan
73a
82
Bottling
Jan
25
..10
Co.—........
71k
Jan
42%
37
37
_„_1
——
5%
42%
50
common..
100
6
6
•
High
Low
High
—«
„
a36%
10
;
Corp...
1
common
Burkart Mfg common
St
9%
205
5
25
27%
3,965
10
Corp
;
Carbide & Carbon
United
Range
sales lists
Sales
for Week
of Prices
Sale Price
Par
preferred
Brown
13% Mar
17
Investment
American
Coca-Cola
40%
a!3%
4
official
from
Week's
■
1314
18%
593
Exchange
compiled
'
Century
Feb
23k
Apr
April 2 both inclusive,
■
Apr
33% Mar
Jan
to
STOCKS—
Mar
33%
260
8%
2
27
March
37% Mar
Feb
1
300
40
*
Inc
Company
Bell Teletype 8L
St. Louis Stock
Apr
4%
al4!4
American
Postal Long Distance
265
200
.
2
a573k
20)4
*
*
Aviation
American
CEntral 7600
Chicago Board of Trade
Associate Member Chicago Mercantile Exchange
New York Curb Exchange Associate
Feb
34
20 %
a34%
18%
Phone
New York Stock Exchange
Feb
36
914
LOUIS
Chicago Stock Exch.
Feb
9%
2
__
705 Olive St. ST.
Feb
42%
175
37%
•
5c
RR
Jan
;
830
4,1k
4%
18
Edward D. Jones & Co.
Apr
■
1
North
For
2 lA
Par
'Vl/
■■■
•
..
Allegheny Ludlum Steel—
Feb
9%
9
_.■■
Central
York
29%
Jan
5%
634
Inc..
Copper
North
S.
U''//
..;
66% Mar
Feb
6%
34
common
Robbins,
Feb
29%
725
23%
24
*
Libby
61 Ve
115
100
.
3%
a
*—4
Inc
Mountain
U.
480
4%
Members
13 3k
314
*
Corp
Montgomery Ward & Co—
Union
5
4%
Sale Price
25
*
Copper Corp
McKesson
Tide
Apr
4%
4%
both inclusive,
April 2
5% Mar
3934
__
-•
of Canada......
Tel
Jan
969
914
5
.
Co
McNeil &
Texas
to
23% Mar
3%
5%
a31%
*
International
21%
23%
1
'.1
.v..;
Int'l Nickel Co
&
6V2
5
4% Mar
Feb
%
1
Superior
27
STOCKS—
29% Mar
Jan
20%
Graham-Paige Motors Corp....
Swift
Jan
Last
142% Mar
Jan
3%
*
Co——
(B. F.)
Feb
24%
23
———
Share Co
Electric
Goodrich
131%
200
3934
25
Corp
Curtiss-Wright Corp
Southern
614
3%
4% Jan
....
434
5%
•
•
Continental Motors Corp...
Bond &
3D
536
585
200
—•
100
—
Aircraft
Vultee
v8
29%
66%
Commonwealth Edison common.
Sears,
61'2
391
914 Mar
29%
—25
Corp
Commercial Solvents Corp...
Pure
4,723
AX*
4%
.5
——•
Ry Co
&
47
Jan
6%
575
•
al41% 143
29-is
.—.25
3
——.5
...
Commonwealth
4534
47%
al42%
50
—5
Gas & Elec
Columbia
New
1,238
8 %
5%
5 % Mar
514
Corp
Case J I Co
Loew's
287
3234
Feb
2434
*
*.__..100
Co—
Pacific
Canadian
Libby
31%
2934
.10
_——
Borg-Warner Corp
General
Jan
33a
*
Co
Corp (The)
(Del)
Aviation Corp
Electric
30
31%
343k
69
50%
7%
St. Louis Listed and Unlisted Securities
Smelting & Ref Co.—
Anaconda
Cons
5% Mar
2434 Mar
213 k
_*
4.
American Tel & Tei Co.
Bendix
Jan
910
3.379
479,
50% Apr
8% Apr
Jan
49%
Friday
Stocks—
Amer Rad & Std Sanl Corp..
Aviation
Jan
21%
514
2434
•
44
Feb
Stocks—
Unlisted
Armour
Mar
4
Jan
4
39
34%
10
:
Alaska Juneau Gold Mining Co
Amer
Jan
Mar
2414
25
Kamp's H D Bakers, Inc
Shwcse. & Fix. 1st pfd
Mining
37% Mar
2)4
200
334
53k Mar
Jan
32
40%
10
.
Mar
65
Jan
35%
100
39
Mar
3234
2
California
Consolidated
Universal
Van
Corp
of
Oil
3%
135
383k
9%
Jan
25
Feb
31
Feb
'734 Jan
2,054
Apr
29%
_1
25
)*
Oil Co.———
Taylor Milling Corp
Transamerica
3
1,800
4%
30% Mar
33%, Jan
Pittsburgh Slock Exchange
Apr
11% Mar
•
California
Superior
Union
40
25
16% Jan
1,077
•
————20
March
Jan
1,700
Feb
189
39'/a
*
—
3%
30%
38%
8
29 34 Mar
1,000
76% Mar
49%
Jan
•
of
Sunray Oil Corp.—
——
Coal
103'a Mar
Jan
Jan
29%
*
Westmoreland
Jan
13k
%
preferred
Westmoreland Inc
634
673/8
51 s
39
—*
—
—
771
296
3%
23%
Improvement common
Mar
33
3 Ilk
31 %
—
Mar
45c
100
9%
5
S5
28% Mar
.
23%
25
Co
Standard
35c
3,500
33 k
preferred
United Gas
10%
769 a
1.65 Mar
97%c Jan
273a
3
4%
$3
common
Apr
63a Mar
Mar
800
11%
65
50
4%
25
25
pfd A..
11
Jan
8
934;
__
Co Ltd—25
C
South Calif Gas Co 6 ft
243k Mar
250
30
30
30
39
1
2934
2.90
3
Feb
40c
Jan
■77335:%
26%
39%: 40
:
*
6%
302
26%
29%
Mar
——_+
United Corp
93a Mar
Jan
1,000
45c
1
California Edison
9c
Jan
8
Preferred
;
1% Mar
"
17%
3,175
28%
Drug Stores
Southern
Mar
4
Feb
173k
3%
■
*
—1
25
.25
—
common—i
112
45 c
*
\ 80c
1,000
1.55
1.35
28%
Security Co units of ben int
Solar Aircraft Company
Sontag
10%
10%
Transit. Invest Corp
27c
1,090
l££<5:v:
...
1
....
6%
290
2,883
38c
Mar
8% Mar
-
—•
Tonopah Mining —44....
Mar
Jan
lc
6,000
93k
93k
>'
—•
Ryan Aeronautical Co_«_
Safeway Stores. Inc
9c
Mar
37
Jan
18
ILK)
134
8c
14
36
Jan
4%
-
62%
Jan
144%
9%
—
Tacony-Palmyra Bridge—
Class A participating.
Jan
12 %: Feb
3
Jan
127%
150
485
6
75%
;y'. "'
-'
•
—
Jan
Jan
34
5%
High
13% Mar;
11% Mar
593
17%
17
'
'
Electric
6% Mar
57 %c Jan
850
814
49
Jan
26%
2,400
80c.
Mar
34
4434 Jan
,
236
37
9
Jan
!'.■■■ 9
36
9% Mar
Jan
5
25
25
25
—
5%
Jan
53a Mar
Jan
20
533
25
1st
514 ft
7%
2,400
734
9 % Mar
22%
19% Feb
334 Jan
1,522
—1
.—
.
614
22 %
preferred
$5 /preferred
Pacific Lighting Corp com.—.
•
Puget Sound Pulp & Timber Co—*
Republic Petroleum Co common
1
Rice Ranch Oil Company
.1
Richfield Oil Corp common
*
.
Jan
134
1
—,
6%
614
...—1
Oceanic Oil Company—.——
Pacific Gas & Electric common
6%
3,030
a49%: 5014
1
.«
9
34
9c
10
Occidental Petroleum Corp
Mar
35%
i
Merchants Petroleum Co
Mar
10
9
„—1
Angeles Investment Co.—
Menasco Mfg Co
—.
74
Jan
490
—10c
Los
Jan
1,100
37
Mar
7ya
9%
77 %c
10
683k
514
1
Corp
Jan
435
29
a50
Apr
3,461
580
7%
Co.
; 8
20%
—
35
.
10
9
10c
Aircraft
Jan
.514
1
Lane-Wells
19
100
7634
5%
—
Company
220
9%
83 k
*
Lockheed
■
25 % Mar
12 %
Lincoln Petroleum Co
.
2034 Mar
2334 Mar
20%
*
Jade Oil
v
16% Jan
40
*
Hupp Motor Car Corp.—
Jan
260
8%
r_
Goodyear Tire & Rubber Co—
Hudson Motor Cor Co
Mar
3c
914
Gladding McBean & Co
Holly Development Co—
4c
Feb
28'A
6%
Hancock Oil Co class A common
Mar
lc
Range Since January 1
Low
150
13%
141% 1427/8
vii'w'-5 A1
Prior
Mar
Apr
2c
1,000
Shares
High
13%
•
142%
.
•
...—-
Sun Oil
4c
''
(E
Apr
Feb
1,000
1,000
35
Budd
preferred
^
•
Storage Battery
...*
General Motors^......10
Lehigh Coal & Navigation.
...
•
Lehigh Valley RR50
National Power & Light—
——*
Pennroad.Corp voting trust ctfs
1
Pennsylvania RR
50
Phila Elec Co 4.4% preferred
100
Philadelphia Elec. Power 8% pfd
25
Philco Corporation ——
_4——3
Reading RR common
50
? 1st preferred
—20
2nd preferred
—.—50
Salt Dome Oil Corp
1
Scott Paper common.
*
Jan
lc
4c
a7514
a75%
10
common
Apr
% 10% Mar
73k
20%
1
common.—.
Feb
3c
93a
*
Corp
663
.....100
Curtis Pub Co common
34
3c
3514
35
•
Co
Emsco Derrick & Equip
2,675
4c
^.4.
lists
for Week
Range
■
Barber
1.00
20%
1
——4
America
of
Electrical Products
10%
Tel & Tel...—
American
•
2.00 Mar
Jan
a27%
—*
_
Creameries
95c
10-
American Stores.—^-..-..
sales
Sales
of Prices
Low
official
from
Week's
:■
Asphalt Corp
—10
G) Mfg Co. common..——•
Budd Wheel Company
*
Chrysler Corp
5
Apr
A- Feb
1.35 Jan
75c
Par
Apr
8% Mar
3434
Jan
4c
Consolidated Steel Corp..—_
Preferred
100
la
43a
Feb
7
3034
515
.*
Consolidated Oil Corp
'•
100'
~i
:
33k Jan
945
%
2.85 Mar
Feb
1.80
9,030
814
3434
:v
5
——
—
43k
V/a
3%
4c.
*
common—.*
100
1
Byron Jackson Company
California Packing Corp.
142
3434
.
10
-1
1
—.———
Preferred
2.50
compiled
Sale Price
STOCKS-
High
•
r
Inc-i—
both inclusive,
2
Last
High
2.50
50o
2.50
Bandini Petroleum Company
—__1
4%
Barker Bros. Corp. common——
5Va'/o preferred ■_———
—50
— ;
Berkey <fe Gay Funiture Co
-1
Blue Diamond Corp
2
1.90
Bolsa Chica Oil common
1
1
Accessories
Aircraft
April
Friday
Range Since January 1
Shares
of Prices
Par
to
for Week
Range
Last
Sale Price
27
March
Sales
Week's
Friday
STOCKS—
Philadelphia Stock Exchange
Stock Exchange
inclusive, compiled from official sales lists
to April 2 both
March 3?
Louis
L Pub
25-year
Scullin
Car
6s
Serv
conv
Steel
mortgage 5s
income..
3s_—
...
85
Mar
1959
91
91
200
90%
Feb
92
Mar
1964
65
65
3,000
53
Jan
65
Mar
1,000
85
Feb
90
Mar
.1945
extd...
1st
'
1941
85%
90
85%
90
$4,000
THE COMMERCIAL
Number 4165
157
Volume
& FINANCIAL CHRONICLE
CANADIAN MARKETS
Listed and Unlisted
-
##-:# '.#V
Montreal Stock
##■##:##
'
March 27
Exchange
•Vo
STOCKS—
Last
Canadian
of Prices
Par
Acme
Works
Glove
common——*
Ltd
Agnew-Surpass Shoe preferred—
Steel
Algoma
Preferred
Asbestos
Ltd
comfnon
Associated
Bathurst Power
Bell Telephone
Brazilian
British
24'A
T L
Paper
&
Silk
•
common
•
Mills__
J.
*
—
Building Products A____—
Bulolo
Gold
Canada
Cement
Preferred
Canada
Canada
#
Steamship
preferred
5%
Canada
Wire
&
19,004
14%
Jan
205
23%
Jan
•—•
4%
12
33
28%
preferred
common
8%
Foreign
Industrial Alcohol
Investment
Canadian Locomotive
Canadian Pacific Railway
Cockshutt
Plow
Consolidated
Consumers
Distillers
Preferred
—:
Jan
30
30%
250
25
Feb
4
4%
495
Dominion
25
Ltd.—
Stores,
9%
Textile
—•
8
Dr.vden Paper
Electrolux
—
.
Corp
Foundation
Canada.
*
6%
37%
Jan
27%
Mar
2 8'/a
Mar
Jan
30'A
Apr
.45% Mar
,
105
95%
Jan
100
Mar
24%
Jan
27
Jan
185
11%
Jan
3,648
8 %
Jan
10'A
805
500
Jan
5%
6
9 'A
Mar
76%
Feb
6%
690
7
120
5%
14%
Apr
81
7
Feb
Mar
Mar
Jan
650
Jan
7% Mar
Jan
5%
90
15%
15
5'/o
Power
——___*
common..
preferred .——J
preferred —...
General
Steel
Wares
Preferred
Gurd
105
100
Preferred
Bridge
*
Paper
common
Preferred
7% Mar
15%
Jan
9
Jan
1,210
105
9
Jan
86
Feb
Mar
79..
86
86
Mar
Jan
Oil
Imperial
Tobacco
,
245
of
Can
common
Mar
Feb
9
Jan
94
J-M
Lake
of
Woods
the
5%
Jan
8.90
Jan
9.70 Mar
12
Jan
13% Feb
9.70
165
13%
# 1,086
180
14
12%
14
7,955
12
Jan
11%
10%
11%
2,594
10'A Mar
101%
7
703
,"10
,
101% Mar
Mar
32
14
Apr
12%
Jan
7%
Jan
Jan
20% Mar
Feb
23
38
39%
3,986
33
Jan
39 % Mar
18
19%
1,249
17
Jan
19
a 19
r
Jan
25%
13%
Mar
22%
25%
1,835
13%
13%
150
10
10
25
8
Jan
6,609
6%
6%
925
6%
25 %
4,387
24%
10
Jan
24%
% Apr
Jan
Apr
•
•
25
.40
100
—
28
30
""
30%
28%
31
#
37 %
38
36%
Jan
45%'
50%
2,802
38
Jan
50%
15%
80
15
Feb
17
!
,
Tramways....,
Breweries
'Preferred
National
25
.
—
Steel
Car
V 50
Corp..
Noranda Mines Ltd
Penmans
Power
Co Ltd
—A
Lawrence
Class
St.
A
Li—
Corp
Lawrence
Williams
of
Co
United
Steel
Wilsils
45
48
378
43%
Feb
48
Ltd
1——
.....
Jan
790
4,995
50
62
Jan
69
14%
70
14
Jan
15%
Jan
7
8%
Mines
7
Apr
Jan
21
Feb
9
Jan
92
Feb
75
910
1.75
Jan
276
11%
Feb
12%
92y
2%
Feb
.13%
Jan
j1
201
32%
Feb
39
Apr
18
1,583
16%
Mar
18%
Jan
14%
14%
20
119
13% Mar
114
25
15
Feb
10
10
130
69
70
335
59%
72
74
48
66%
Jan
'• -
153
153
15
Jan
119
>
Mar
Jan
7
•
~
—r
.
5%
5%
4%
48
*
18%
18%
18%
3
10
."80
17%
2%
3
3
Jan.
,•:,
50
3
35
135
21
Jan
13
305
13
5'A
;
''
Jan
'
Apr
Jan
3%
Feb
3"%
42%
Feb
•
Feb
,13% Feb
""
133
30
129
Jan
135
Mar
138 % 141
289
132
Jan
141
Last
6%
&
Paper
preferred
Bathurst
Power
Beauharnois
..2—■
&
Power
British
American
British
Columbia
Canada
Bud
Canada
&
Northern
Canada
Starch
Co
*
Perron
Ltd
For
footnotes
7'/a
Gold
Siscoe Gold
Feb
7%
Feb
25
Mar
85
Feb
97
Feb
102
Jan
104
6
Jan
'
25
340
94
80
17
'
Apr
Feb
8
50
25
1.25
Jan
50
10
47%
Jan
50'A Mar
20
100
19'A
Jan
20
8% Mar
1.25
Jan
Feb
700
1.14
1.17
2,300
23C
23c
100
21c
Jan
30c
2C
2c
500
l%c
Feb
2'Ac Feb
6V2C
6%c
500
6%c
Apr
6'Ac
2%C
2%C
•>1,500
5.95
6.10
14
14
405
11%
Feb
14
4.40
4.40
100
3.95
Jan
4.40 Mar
23c
—
—1
6%c
__
1
—
'
__
Sullivan
Teck
20c
6c
Feb
25
Feb
1.25
2%c Feb
4.90 Jan
2%c
,
Feb
Jan
Mar
6.20
Jan
Feb
Apr
Feb
Feb
Mar
73C
73c
100
1
2.89
2.89
200
1
1.17
1.20
800
1.85
1.91
2.200
90C
90c
200
78c
Jan
63C
63c
100
63c.
Apr
72c
Feb
8'AC
2.000
8c
Mar
11%C
Jan
88c
90c
200
88c
Apr
1.04
Jan
1.80
1.80
200
1.68 Mar
1.85
40c
41c
3,500
38c
Jan
44c
Jan
36c
36C
1,000
36c
Jan
45c
Jan
70c
70C
1,400
68c
Jan
76c
2.50
2.60
200
Jan
2.60
Apr
lc
lc
10,500
4c
Jan
-v
__
__
1.
...
Ltd—
Mines
•
1
Consolidated
-.1
Ltd
Mines
1
Mines Ltd....
;
.1
—1.00
Ltd
Mines
40c
1
Ltd—
Mines
Cadillac
Mar
1.13
250
•
Jan
3c
19%
*
Ltd.——„—1
Hughes Gold
Wood
11c
A
Mines' Ltd....
Sladen-Malartic
lc
73c
Apr
86c
Feb
Jan
2.26
79c
2.89
Apr
Jan
1.67 Mar
1.90
%c Mar
1.20 Mar
2.06
Feb
1.03
Feb
Feb
Feb
Oils—
Oil
Brown
63c
Oil
Home
Co
Mo
50c
2,350
75
Jan
63c
Apr
10c
50
25%
'
1,000
24
!
Llq
500
10c
1.50
3.20
63c
Ltd——
Corp
Calgary & Edmonton Corp Ltd.—
63c
10c
1.50
^
Anglo-Canadian Oil Co Ltd.
Royalite Oil Co Ltd—————*
—
Apr
10c
Apr
1.50 Feb
.
2.66
Jan
21%
Jan
March
27
Canadian
to
April 2 both inclusive,
3.50 Mar
sales
lists
25%
Apr
Funds
compiled
STOCKS—
Sale Price
Par
Abitibi
Power
6 "'c
&
Paper
Co
&
Ajax Oil &
Aldermac
*
Gas—
—
Copper
Ltd
_
—1
1
Ltd
_
..
a
common.
of
Canada
'!o
*
a
Aquarius
Bankfield
Bank
of
Bank
Mines
of
Nova
of
Bank
_
_
■'
Bathurst
—
Beattie Gold
Ribbon
class
High
5%
Jan
8 Vs
Feb
Broulan
81
2%
Feb
3'/a
Jan
Brown
'
9%
Jan
10% Mar
Buffalo
Jan
20%
Apr
Buffalo
Cdn.
19
Jan
;
18'A
18'A
28
171/2 Mai-
8%
10'A
140
8'A Mar
17%
10% Mar
_
Feb
4.00 Mar
Feb
35c
40c
20c
40c
Mar
500
3'Ac Mar
4c
Mar
45,800
2%c
Jan
8c
Apr
1.70
1.59
1.73
17,883
1.35
Jan
9c
9%c
1.700
8%c
Jan
4%c
4 %c
4 %C
5.800
158
160
30
v.',„ ••:'
•
1
259
8,385
259
240
240
8 %C
9 %c
12
12
13
17c
17c
18C
80c
17%
9
245
9c
# ##/
2.27
Jan
Jan
5%c Mar
160
Mar
2.59 Mar
Feb
250
Jan
11 %c
12
Mar
15
Feb
6,400
10c
Jan
19c
Jan
80c
4,240
# 71c
Jan
85c
Mar
18%
255
Jan
18%
15
3,700
.
103
17c
15 %c
35
35
1
10c
9%c
10c
8,500
1
13c
11c
13c
10.000
9.00
9.25
625
16%
18%
10,181
20%
2,942
145% 149%
18c
234
Jan
15 c
8%c
v.
148
—
4'Ac Mar
150
1.73 Mar
15
150
Feb
Feb
Apr
Jan
774
140%
Jan
82,260
9%c
Jan
18c
Mar
240
29%
Jan
36
Mar
8c
Jan
12c
Mar
9%c Jan
14c
7.40
14','2
Jan
Feb
9.25 Mar
Jan
18%
Apr
Jan
20%
Apr
18'A
•
20 3A
19%
18%
18%
5
24%
24%
26 %
250
23%
Jan
27
Feb
3c
3c
5
2%c
Jan
3%c
Feb
26
28%
42.000
19%
Jan
30
Feb
50c
56c
40,050
46c
Jan
56c
Apr
8%C
9%c
2,500
4%c
Jan
13c
2.15
2.40
3,630
1.60
Jan
3%c
3%c
6,700
3'Ac
Jan
a
Ltd..-
class
«
A
__
_
...
•
Oil—
Gold
55c
•#'
'.
•v#
....
a
2.25
a
-j
•
•
common.
13%
14
710
a
1
Ltd
10
10'A
290
_
18
1,085
17% Mar
19%
39
5
36%
Jan
39%
Jan
Caldwell
87
87
5
85.
Jan
90
Jan
Calgary & Edmonton Corp Ltd—
9%
9%
5
9%
Mai-
18
Mar
19%
Feb
13
Mar
Feb
2.40 Mar
6%c
Feb
15%
Jan
9%
Jan
9%
Feb
•
10'A Mar
11% Mar
Feb
39
17%
'
1
Mines
Mines
Burlington Steel Co
28
j—
common._
Gold
Building Products
65c '
Jan
3.00
Feb
8c
a
Corp
Feb
Jan
47c
#
84
Light & Pwr com—*
Porcupine Mines, Ltd.
Oil
102%
800
•
Packers
Dominion
138'A Mar
Feb
18%
—
Oil
Ankerite
17%
31
705
British
Jan
12,900
a
845
.
Jan
106
61c
...50
—
_
Jan
Feb
Jan
101
1
Power
B
9'A
570
—100
Ltd..
65c
300
h OO
Class
20c
4c
1
_
Columbia
Mar
Feb
514
♦
Mines
Columbia
British
20c
Jan
8%
4c
—
Ltd
American
British
Jan
9c
Feb
4.00
1
Radium
Gold
Mines,
Mar
81
56c
a
A
Corp preferred
Gold
132
■
a
Mines
Mines
85
20c
4%c
-100
&
83
129
.100
Scotia
Exploration
105
4.00
'
1
Ltd
Mining.—
Power
23,500
Feb
Jan
7%c
__
Toronto
Metals
Base
6,700
13c
Feb
Mar
158%
_
Cons
13'Ac
18c
8%
8'A
17c
1
Ltd
Montreal
13'Ac
High #
1.00
1
Mines
Bagamac
125
101% 102'A
1
Mining Corp.
Mines
18C
61c
— ————«—
Gold
Aunor
6c
4.00
..
Jan
6,600
11c
101%
a
Anglo-Huronian
Jan
1,680
18c
.
129
pfd._100
___
5
Canadian
Anglo
.
13c
100
_
Jan
7'A
18c
>?
_
Low
70c
5
83
_•„.
Range Since January 1
;v#:';s
200
8%
-.'
*
_
Shares
75c
9c 10%c
18c
Ltd
.....
Co.
__
_
official
High #■#'/.
75c
6%
10 %C
Corp
Preferred
Aluminium
7%
—
Steel Corp.
Aluminum
-100
—
Oil
Pacific Cons. Oils
Alberta
Algoma
V- *
common—*
preferred
Gas
Acme
of Prices
Low
from
<1
.
7%
common
116
#
—
ct
page
1263.
2%
36
2%
32%
116
2%
39%
1
116
Mar
9,810
1.45
Jan
2,460
27%
Jan
9% Mai116
2%
Mar
Api-
39% Mar
Calmont
Canada
Linen
Oil
Mills
Bread
a
pfd.
-
10%
10%
25
1.50
1.40
1.57
7,330
26c
22c
28c
7,500
3%
3%
75
4%
4%
463
94
94
5
..
-
•
1
a
common
Canada Cement
Preferred
2nd
Ltd.
common
_
__
a
100
434
1.15 Jan
1.61 Feb
21c
Jan
32c
3
Jan
4
4'A
Jan
5%
92
Jan
\
1.64 Mar
Toronto Slock Exchange
;
British
Range Since January 1
Low
3
9%
•
..
see
4
7,700
common— -100
Ltd
Preferred
6%
20%
*
Breweries
Feb
15,500
pfd— -100
Ltd..
Ltd
4
3
8'AC
.Brazilian Traction
Shares
75c
9%
*
sales lists
High
19%
*
Sugar Co_
20
3c
1
Mines
Crow
Bralorne
for Week
Range
9%
_
preferred
Canadian
_
A:4-
1.25
Mining Corp Ltd——_——*
Gold
Pickle
Bobjo
from Qfficial
of Prices
20%
_
Ltd
Power
Co
#
2%
## o
Ltd
Packers
Dominion
Malting
Canada
Ltd
Co
Breweries,
Canada
7Ve
Corp
Oil
Apr
41
8
Nickel—
Bonetal
Sales
75c
7
__
Paper class B_
Apr
91
Mar
lie
*
Ontario
Blue
*
compiled
Low
*
common
A 95
Jan
40
25
Gold Mines Ltd..
Bidgood Kirkland
Funds
Week's
Sale Price
Par
Power
Feb
87
20
Apr
Friday
Abltibl
93
5
—
.
—1
O'Brien
Bear
133
both inclusive,
STOCKS-
10
12c
Astoria Quebec Mines.
133
Canadian
April 2
Apr
3c
Malartic Goldl'ields
Normetal
Feb
Montreal Curb Market
to
Feb
Apr
5%
3%
23%
Bell Telephone of Canada
27
18%
47%
Jan
102 102V2
Ltd——1
Bea'tty Bros class A
March
Jan
45% Mar
Mines
Gold
Ashley Gold
19 % Mar
.
Feb
2%
35
Jan
Mar
141
•
16'/a
265
1.25
1
Mines Ltd.—
Apr
.#
Jan
13
;
#51
Mar
'
35
100
300
3c
——
Mines
156
Jan
4%
1,992
3
70
•■
Canada
Jan
23 %
Ltd.,
74
■
Mar
48
151
11%
Mar
153
1,500
49
3
Feb
39
38%
16%
119
Jan
2
2
12
>;4y## ##;#.:•
of
6
8
*
Long Lac Gold Mines Ltd
Madsen Red Lake
Feb
6
;
92
92
,
12'A
39
17%
8%
8'A Mar
450
49
(Canadian Bank of) —100
Feb
17% Mar
.1
Ltd
,12% Apr
20
25
9
-
300
21
6%
21
v
Royal Bank
y
50
Mines Ltd
"
:
Commerce
Feb
39
92
Apr
7%
*
common—
Jan
7%
100
Banks—
5>/a
■■•
Feb
41
■
'"■A*
22%
Jan
91
40
24
14%
2,335..
95
91
41
*
Mines Ltd*'———
4% Mar
12%
—*
"B"
Preferred
95
91
100
—
Mines
Feb
69
14%
—
•
5%
.
13%
—*
Gold
47% Mar
25'A
11%
*
...
6
9%
;
66
10
Corp—
47%
4%
Mar
6%
Jan
Jan
69%
—100
—*
17%
46%
6%
1#
13
Jan
•.
4%
2,510
>.
Jan
Jan
Apr
—
*
Winnipeg Electric class A
Class
85
—
100
common
preferred
Cotton..
Zellers" Ltd
Jan
2
25
Tobacco
Wabasso
Jan
80
—
; <
com.—*
Canada
Preferred
Tuckett
4
10
9
Power..
Canada
of
125
85
7
•
#———
Canada
Southern
Steel
4%
85
—
Paper preferred——100
Preferred
Jan
Jan
755
*
50
17%
47%
10
11
5
Feb
6'A Mar
30c
Feb
14%
..100
common
Shawinigan Water & Power
Sherwin
40
22%
39
1,592
—*
preferred
6
15%
Jan
Jan
Apr
A
24%
*
common
...'i,
Preferred
St
31
40
47%
7%
25
———
Paper
2,334
12%
*
Regent Knitting Mills common
Rolland
Feb
69
100
Preferred
32%
Jan
__
*
common
preferred
Quebec Power
24% Mar
Feb
26
24
of Canada————*
Corp
5 %
Feb
22
47
4%
common.———*
Price Bros &
24
85
Heat & Power pfd—100
Ltd
33
47
Aircraft—.—
Car
Ottawa Light,
Mar
24
•
.....
Ogilvie Flour Mills common...
Ottawa
7% Feb
28
"475
24%
24%
...1*
common
Niagara Wire Weaving—.——————*
•
—...
Jan
Telegraph
National
6
& Worts com
Apr
15%
Montreal
Montreal
6%
17 '/a
-.•*
Jan
Mar
7%
Mont Light
Heat & Power Cons
16%
-'
Feb
4%
22% Mar
Jan
3'A
20
X
,
22%
Jan
Apr
14% Mar
Jan
53A
7 %
7
17
.100
——
Lamaque Gold Mines Ltd
Macassa
Jan
7%
6
12%
Jan
Jan
15c
# 665
13
6
12%
..
__*
pfd
Ltd.—
Addison Gold
Kerr
Jan
McColl-Frontenac Oil
■
Joliet-Quebec
4%
Feb
,—25
*
Massey-Harris
11%
y_#
.L
Mining Co
Lake Shore
350
98%
—
12%
' ;•
Gold Mines Ltd—.——*
Waite
5%
27
—25
common
200
* yy.y—■,
common
w
240
25c
Feb
3%
21 % Mar
590
6%
Consolidated Gold Mines Ltd—1.00
Little
"
Lang & Sons Ltd John A
Legare Ltd preferred—....
15%
Brewery, Limited—.
Malartic
East
Francoeur
Jan
1,821
39
12'A
15
Feb
24%
Jan
19%
25c
——
Cadillac
Apr
32
19%
645
*
Aldermac Copper Corp Ltd
Central
Apr
31%
•
2,445
5%
pfd,
Dome Mines Ltd
6
21
Ltd
195
4%
22%
*
Feb
Jan
Mines—
5%
21
Co
15%
21%
#
Jan
85c
Jan
2%
4
.*
Ltd
14
#■
22
.1
Ltd—
•SI preferred
105
31%
Canada com—*
120
540
22%
common
Ltd:
Co
23
3%
21%:
•
'—*
Walker-Gooderham
Jan
7
Petroleum
Grain
126
2,221
3
1
A—
12
4%
22%
3%
—•
,
Ltd
—
United Securities
Jan
7
International Nickel of
International
4%
12
4%
;•
preferred—100
Canada
Tubes
Walkervilie
4%
preferred.——.25
Bronze
7%
Southern Canada Power 6%
5
£1
•;
....
A
Preferred
150
5
Ltd
12'A
Aviation Ltd.-
Reliance
660
101
'
Jan
3% Mar
12
4%
of Can 6% 1st pfd
100
part 2nd preferred————50
Quebec Tel & Power Corp. "A"
6
*
........
9%
20
6%
5%
•
Imperial
International
55
9.70
13
-J
100
—
Hudson Bay Mining.
Preferred
220
12%
—
6
Limited——5.00
Corporation
5%
5
Smith
Jan
.100
Melchers Distilleries Ltd preferred.—10
Mitchell, Robert Co Ltd
*
5%
„*
Howard
7%
705
102
5%
f: P#3:,V/
*
Massey-Harris Co Ltd 5%
5%
♦
Hoilinger Gold Mines.——
9
83
86
8%
.„*
common..—.
Gypsum, Lime & Alabastine..
Hamilton
83
common..9
—
(Charles)
8%
83
86
.100
100
—
5%%
25
St John Paper & Power—.——*
Maple Leaf Milling Co common———?.
Jack
Gatineau
4%
Jan
14'A Mar
7%
6'A
15%
10% Mar
465
81
7
—
*
#10% Apr
9%
81
7
—1.00
——
of
Co
Feb
15
9%
8
—
*
common—
•
26%
14%
13%
8%
4%
Power Corp
665
26
Jan
.*
Lake
Page-Hersey
Jan
1,685
2,980
100
26 %
75c
Mar
—
Apr
'
Jan v
45%
■
100
26%
••,
5
•
9%
30 %
—
i ••:
,
of
(Jan
5
>
1,224
28
—
#.30%
.
10%
27 %
75c
25
Feb
27
......
Companies, Ltd
Noorduyn
Feb;
21%
Feb
25
Co Ltd
Dairies Ltd
Moore
7%
44
1•
25
Apr
19,136
28
3%
Jan
common
—
Paper
F'airchild Aircraft
28% Mar
Jan
;■
Eastern
33 % Mar
Jan
12
25
29'A
.
Jan
3%
Jan
10%
9%
Dominion Tar & Chemical common—*
Dominion
15
Jan
3%
100
4V4.
30
100
—
—
Dominion Coal preferred
Dominion Steel & Coal B
9'A Mar
7%
Jan
45
V
—
Dominion Bridge
Jan
2,085
17%
10
common
34% Mar
27%
—
——*
„—
Jan
27%
—0
Mining & Smelting
Glass
32
205
*
Seagrams
A Apr
Feb
12
975
10%
.Jan
Mar
International Utilities Corp class A
Class B—
22 •'
4%
25
3
G5c
Fraser
Jan
35%
320
15
3,430
24%
Feb
7%
Feb
29%
4>A
Jan
3%
10c
22
Jan
96
A
^an
27
.
2%
3%
1.50 Mar
A pi-
170
Aircraft Ltd——
Jan
33%
*
♦—
-
9
26
4%
Mar
150
Motor
20
28%
A—•
2%
1.50 Mar
100
Ford
31%
30%
com-—"
class
7C
150
25
Fleet
600
33
Class ,B'y4-———w_—-v™*
500
27
Fanny Farmer Candy Shops.——
932
—
•
100
Canadian
Mar
2,485
9%
30
9c
2%
27
Jan
5'A
Jan
6
33
8%
25
12
35%
20 i/v'
1.50
22%
Jan
8
80
10%
20
Canadian Converters Co Ltd
92
Preferred
Donnacona
Jan
Feb
Ltd—*
Co
13% Mar
15'A
Jan
4%
50
Apr
26% Feb
Mar
205
v
6%
34
B
•
Canadian
250
4%
95
6
35%
50
class
A 18%
t
11% Feb
94%
Feb
15%
149% Jan
Jan
5%
15
13
—
Celanese
7
135
common
Cable
participating
Woollens
340
Canadian Car & Foundry common
T/o
Dominion
14%
•
Canadian
#15% Feb
13%
Canadian Bronze common
.
Jan
Jan
4%
7c
Aircraft
15
12J/a Mar
Mar
1.90 Mar
3%
Ltd
Linol
50c
2%
7c
Corp Ltd
—*
Engineering Works Ltd—_.*
18%
614
Paper Corp
'
1.50
•
—*
Oilcloth
141
43
43
...——*
Ltd
Neon General Advert Ltd
Dominion
26%
4%
45
Dominion
13%
;
42% Mar
Jan
Feb
14
•
Jan
39%
Jan
16%
w>_100
25 %
25 %
14%
Corp
55
46
103%
13%
—*
##—
Power
40
43
40
100
Ltd——*
Co
133
*
common.——
j
North.
Westinghouse
Jan
472
6
Jan
Feb
845
6
3%
Jan
—5.00
Dredging
1
21%
13%
Mar
1,950
105%
30
Jan
169
3%
100%
15%
85c
High
Jan
3%
—*
Ltd
&
Jan
1.85
Consolidated
Cub
30c
1.65
Commercial Alcohols Ltd common—_•
Mar
100
Low
148
>
650
1,271.
95
—1
267
24%
164
40c
Claude
Jan
High
160
40c
Feb
83
Range Since January 1
Low
164
y_-'
Co
Knitting Co
Shares
Trust..—i..*
cumulative preferred
Celtic
1
Sales
for Week
Range
of Prices
###
•
Jan
9%
Jan
82
25
__
112
A
7%
Vickers
Canadian
Last
:■
-
Sale Price
Invest
Marconi
Canadian
Jan
4
•
Feb
Mar
145% 148%
18%
_*
133
High
Feb;.
.
8%
35
12%
13 %
A—-
Corp
Ill
2314
148%
1
Power
3
10
390
15%
•
P
20
-#
101% 102'A
__
100
a
of Canada
Co
Columbia
Bruck
101%
Low
V
k#
82
131
50
•
Breweries
9
•
82
__
Range Since January 1
High
112
8%
„*
of Canada pfd—;
Co
112
—100
Corp
Shares
44
100
—*
common
—
Aluminium
Aluminum
Low
Intemat
Canadian
for Week
Range
Sale Price
■* ;r
Canadian Industries Ltd class B
Sales
Week's
Friday
'
'/#/####••■###' par
:
v.
'
Week's
'
>•
Inclusive, compiled: from official sales lists
Friday
'■
STOCKS—
Canadian Funds "# ;,::yV::.
:
to April 2 both
1261
95
Feb
Mar
Jan
Feb
■;
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, April 5, 1943
Listed and Unlisted
CANADIAN MARKETS
Week's
Friday
Friday
Sale Price
Par
Canada Malting Co
Packers
Canada
Can
Canada
v:
100
.
100
Bakeries
Ltd
Bank
Commerce-;—
Canadian
Breweries
pref
«
Jan
88%
Feb
McLellan
11
—
Feb
Jan
12
Apr
31%
35
140
8%
12
%
Jan
Jan
77
66
133
129
2%c
35% Mar
Jan
80
Jan.
1.35
Mai-
Jan
2%C
Jan
39
Apr
9
Feb
19
Jan
22
Apr
10%
11
10% ■Jan
12
Feb
28
6%
Moore
Apr
Class
9%
27%
Mar
29
Feb
National Steel
27%
Jan
33%
Apr
134
135
133
Feb
137
Feb
Noranaa Mines
16%
15
Jan
18
Feb
Normetal
Mining
Canada
134
15%:
-
"A"
9 % Mar
Canadian
Oil
Canadian
Companies
Cariboo Gold
Central
common
Oils
1.25
1.25
1.25
95c
Jan
Omega
Gold
75c
75c
54c
Jan
Ontario
1.14
1.28
Jan
7%c
7%c
7V«C Jan
Orange
10c
12c
10c ' Apr
Pacaica
TT1
-
1.24
V
—
W
10c
_
Chesterville Larder Lake Gold Mines—1
Cochenour
Willans
Cockshutt
Gold
*
Consolidated
of
Canada-
'Davies
Apr
7%
Feb
10%
Apr
1.00
65c
■Vft'i;:
Ltd
Jan
11%
1.00
11%
11
11%
45
44
45%
24%
Co.
_
_
Dominion
Preferred
Duquesne
-.East
,
Crest
Jan
Penmans
37%
Jan
Perron
Ltd
commont—
Gold
Easy
33
Jan
Powell
70c
70c
65c
Jan
Power Corp of
17c 18 %c
IOC
Jan
57c
50c
Feb
17 %c
30%
Gold
class B
30%
25-%
99 34
—*
25
18%
2714 Mar
Jan
1.05
,
5012
Apr-
1.15
Jan
Feb
40
Jan
49%
Apr
15,200
75c
Jan
1.04
Feb
21c
Mar
21c
500
120
1.00
3%
100
3% Mar
65c
8,600
51c
-L
••
55c
14 %c
111
6ic
Jan
28c
Jan
Feb
1.30
4
Feb
73c
38c
Jan
65c
Feb
19c
Jan
8%c
Jan
Feb
12,800
■>*t
v
Mar
104%
3,300
16c
111-
142%
„
C
20%
Jan
22%
9%
28
Feb
111
Jan
Dome
East
N|ines—
Apr
Reno
8% Mar
23%
10%
Feb
i
Mines
Gold
Jan
8%
Feb
Jan
7%
Jan
Russell Industries
Jan
6
Feb
_20
12
12
12 Va
8%
Jan
8%c
12c
1.16..
1.11
4
:
•"
4
Mines
1
;.:- v-W't;
r
Feb
St
Anthony Gold
5,805
58c
7%
8
640
Jan
10c
Mar
14c
Feb
Senator Rouyn;
Jan
Shawinigan Water
32%
81c
Feb
1.30
Jan
3%
14% Mar
Jan
5,
Jan
Creek
Sheep
Mar
1.20
Mar
24%
Gold Miries Ltd—4
San Antonio
Ltd—-]—-
4c
Jan
Jan
1.05
Mar
1.63
1.25
Mar
1.90
,
Jan
Mar
6
Jan
8%
Jan
•
Mar
8,400
992
1.87
1.85
2.05
41,425
20c
20c
1,000
20c
Mar
25c
Feb
38c
38c
1,000
31c
Jan
44c
Jan
8c
8c
1,500
7c
Feb
23 */2
,v-
■
38c
.;
23 %
4c
140
383
25%
.24
25%
■
—
7% Mar
Jan
22
2.25 Mar
Jan
3 %c
Jan
23%
21%
Feb
4%c Feb
Jan
134
909
'
Jan
Jan
142
Jan
25% Mar
16%
17
40
15
Jan
17
Apr
170
170
5
152
Mar
170
Apr
3c
17-
4%c
2,500
170
4%c
.
1.72
500
139
4
120
4c
-140
,
■
-•
Jan
2c
Feb
6c
"
2.70
2.70
3.10
11,300
1.00
1.05
87c
94c
12
12
20
6%
6%
50
'
V Class--
■
Jan
3.10 Mar
30c
Jan
18%
Mar
16% Mar
16,933
90c
1>
18c
45
17%
17%
1.86
47,846
22c
20c-
;.
50c
Gold-'j Mines;.
Feb
85c
84c
Simpsons Limited class A—4_—-4—-J'*
32 % Mar
Apr
Jan
65c
'
;
7%
.
*
Mines—
Feb:
1.74
Jan
58c
Jan
80c
1•
Power
Gold
Sherritt-Gordon
Jan
23c
>\ 49
6%
80c
1
^
Feb
Feb
52c
2,400
-
,' Mar
70c
Mar
85c
4,65ti
1.74
16c
95
;
7%
Mines Ltd,—u—l
Jan
1.09
95c
29%
-
1.80
3%c
Fen
9c
:
Jan
:;!;'45
5,350
1.70
7%
—J—„—;—~*100:
Preference
Jan
12
5
91 %c
93c
—*
Eng Electric Co of Canada class A
■
25
1.58
common——10
4c
14%
4%
:p
12%
Jan
4%c
1.16
14%
-1
Ltd
8c
10 %c
46%
55c
———**■••
5%
c
16,124
46%
Roche
2%
8%c
1.000
21c
Mar
'
Jan
57c
29,534
3%c
18c
Jan
3
Jan
88 Va
68c
3%c
—1
6%
11%
:
1.72
1
7
:
4:%c
94%
■
1114c
2% Mar
31,200
93c.
—1
•
8
*
6c
1.70
Quebec Gold Mining Corp.—*1
Queenston
5 V«
■
•"
Mar
8c
82,300
v;s,r
-88c
—1
7
7%
'
V;
v.
90c
.1
Mining!:;;;
2%
.
60C-
....
\
.
,..V~--1"
B
4
8
-'L.—'■
■
-
94%
.
68C
18c
;;*•
.
4
*
Ltd
*
com—*
*
—
Worsteds
—
9c
5%c
••'••
__1
Long Lac Goldj Mines Ltd
—1
Royal Bank of Canada—100
Royalite Oil
'---4
:
_*
9%
8c
5%c
■
Metals--
Preston
Jan
8%
8%C
Canadi<--4-i._:J4|.i^_^4*:
Jan
22%
"%•"
—
Gold
8% Mar
Jan
38
1.00
Rouyn Gold Mines.._2——l
Pressed
99% Mar
23 %
23%
——**25
%
Washing Machine,—
Eldorado
25%
61c-
.1
4il
oi
Mines
; Premier Gold,
3%c Mar
28 V8
99%
155 155%
Products
Jan
'
57c
3%c ;4%c
4%c
——
Steel
6
21c
2%
Mines.
37
Eastern Malartic Mines
Eastern
Apr
Mar
3%
—_*
9%
37
Ltd.
Mining Co
Oil**
Apr
279
,
1.00
'
GolicJ Mines Ltd—1
Pioneer
—
&
90c
47 %
Jan
190
2,480
85c
Jan
Mar
2,652
47%
27
Mai-
125
46%
Feb
37 %c
270
182
:
1,230
1.10
1.00
___1
Pickle-Crow Gold
57c
Stores
26%
50%
1.08
85c
-.
Cadillac
Feb
Tar & Chemical com———*
Woollens
26%-
,>
50
-
Paymaster Cons Mines Ltd..—
Riverside Silk
Dom
800
45 ".'4
50
—
Co—
Pandora
Jan
.
Dominion Foundries & Steel com
Dominion
8%
Jan
:44%
20
Feb
1 R0
Jan
24%
131
,
Jan
28c
3,376
190
279
8
26%
—4
--—..——.
Jan
21
•
Dominion Steel
47%
186
279
65c
Jan
9%
85c
123
Bank
Dominion
46%
.wl-H
•
Feb
1.22
145
,•
125
•
—
-
25
i
24%
Distillers Corp—Seagrams common.
Distillers Corp.-Seagrams 5% pref. -100
Mines
9,170
25
Pamour Porcupine Mines Ltd_i4
'
Dome
Mar
30c
Page-Hersey Tubes Ltid;*-.-.*—*i—
.
125
Ltd.
Denison Nickel Mines
6
4
.
■■■•
Ltd__*_ J_.
Oils
■
is
Petroleum
Delnite Mines
Mar
Crush pref—;*VV
24 %
;
*
Coal
—
.
18c
5
Debenture
&
Jan
"
*
Mines—
Loan
11c
7.100
347
Mines_£1>LJ»—
Gold
16c
25
—
V
O'Brien
Jan
9%
100
Aircraft Corp
Cub
17
Jan
•
4,930
1.05
Ltd
Mines
commbn_:L*——iL—
Preference
7c
6
**
Oil
Star
.100
—
Imperial Mills
Pass
15
75c
1.00
TV
Consumers Gas (Toronto)
Crow's Nest
Feb
Mar
77c
9VV
*
Smelting
Cosmos
56c
Jan
36c
96c
1.00
Bakeries
North
75c
92c
Mines
Consolidated
Northern
Feb
70c
Mines—
Co
Plow
Coniaurum
Jan
15
Jan
Jan
Mar
32c
*
Ontario- Nickel Corp—
1
—
*
_
10%
3%
10
5c
2,700
:
'
Mines
Research
93«
•-V-V,
Central Porcupine Mines
Chemical
17
10%
H
25
Mines.
Gold
Pat
17
.
Quartz Mining Co
Tretliewey
15
41c
17
Pacific Ry*—
Castle
14
40c
4%
5 %C
1.80
-*5
,
Ltd
Corp
4'/«
*
.
Feb
5%c
5%
46%
40c
*
—
—
2%c
1.65
31c
.
4%
%■
Locomotive
99c
Jan
8
*—•
Okalta
Canadian
Canadian Malartic Gold
Jan
1%C
47%
Car~-_*L*--
F'cb
83c
4,000
5%
Preferred: V.—.—*20••
•:.
Mar
8,450
_-,-.*-l00-
Nipissing Mines
7% Mar
55
2c
;
1.65
Natl Grocers common*
33%
Jan
13 %c
16c
;
28%
460
94c
•
■
8%
Range Since January 1
High
55
90c
-
-Class R—'-*_:;_—
28 %
Shares
High
1%C
91c
1
—
common-1—.
Corp
'
-
Low
m:-. 54:
—
—
Mines—_
32%
9
Preferred:
class
Jan
22
Gold
33
*
common——
Canadian Dredge
Can.
Industrial Alcohol
39
8%
Mines
Lake
Mercury. Mills new-—*_•——_
4
Mining Corp of Canada.*Moneta Porcupine Miiies.—*. *
—_I;
Montreal Light Heat ;& Power:—4
Feb
•
140
Red
28%
com-
——u__*:— "'"25
Celanese
124
20
•
;V,V..5v
McVittie Graham Mines..
McWatters Gold
;i,
135
8%
•
.
;j
79%
32%
36
common...
Preferred:
Canadian
87
1%c
2%c
;
—.*L.
Canners
Canadian Car & F'dry Co Ltd
•r:
McKenzie
77
1st
preferred—
Convertible preferred
■
Feb
130%
;7;
100
common
Preferred
5 'k
ftiinesu*.
Mclntyre Porcupine-
39%
34%
34%
—
Canadian
Canadian
High
,
,.
Feb
10
12
common
of
Low
>,
1
36%
135
of Prices
Range Since January 1
86 %
Mortgage
Preferred
High
Sales
for Week
•
Range
Sale Price
39
Ltd
Steamship
Shares
Last
STOCKS-
38
Canadian
-.
of Prices
Low
Ltd.—..-
Permanent
Sales
for Week
Week's
Range
Last
STOCKS
Jan
1.05 Jan
85c
Jan
67c
Jan
10
2,900
Feb
11'4 Mar
Jan
7 ;4 Mar
3%
1.01
Feb
'
Equitable Life Insurance—*—
Falconbridge Nickel Mines
Fanny Farmer
Candy
5%
3.60
*
Shops
5%
4:t4
Jan
3.55
25
-
3.60
3.10
Jan
22
..1
22
21%
21
Feb
6
3.75
'
Mar
Preferred
Siscoe
Feb
23
Sladen-Malartic
Mines;
'
Aircraft
Ford
Co of
Gatineau
5%
Mining-——*
Power
class
Co
Gold
Mines
Gold
1
Goodfish
Mining
Co.-.
Paper v t
Gold
Gypsum
Standard
Chemical
8
%
Mar
8%
Feb
Standard
Paving
Radio
6
4%c. Mar
Lake Gold Mines--
Slave
84
77
Jan
85
Feb
Standard
87
83
Feb
90
Feb
Steel
9
8
Feb
9
Mar
1%c
l%c
Feb
12 %c
Jan
10c
2c
Steep
Straw
Oil
Mar
137uc
Feb
Stuart
2c
Jan
3 %c
Feb
Sturgeon
5c
3c
Jan
6%c
Feb
Sudbury
lc
1
%c
Feb
IVaC
Apr
Sud.
77
80
Jan
80
Apr
■51%: Jan
55
Mar
16%
■
Alabastine
&
.v~' '
16%
14%
Feb
16%
32
32
26%
Jan
32
12%
10 y2
Feb
12 %c 14 %c
12%c
11 %c
Jan
17c
5
Jan
5 Va
*
5%
5%c
_
*
5c
Gold
Mines
Mines..
2%c
Dew
Gold
Howey
Gas
9.60
3.30
1
Ltd
.
f
f:
class
20c
Feb
.100
9
172
»
Min
International
&
Dcv
Metal
Elevators*
Ind
Ltd
1.80
1.76
1.88
IVaC
1.000
20c
Apr
Mar
2c
12
Feb
i2
10c
Jan
12c
1 46
Jan
1,000
2%c Mar
72c
1.100
65c
1.65
5.675
1.38
Jan
12
12
25
10%
Jan
2.40
2.70
1.25
1.25
6%
6%
101
Feb
Mar
2.10 Mar
4c
Jan
Jan
78c
Feb
1.65
Feb
Landed Banking & Loan
United
Candy
Class B
Lebel Oro Mines Ltd
30
Mar
52%
20
50%
Jan
52'« Mar
82
15
68
Jan
86
6f,8
66'-
•66%
8%
8%
6
8^8 Mar
m
8 "2
-17
8%. Mar
7
347
7%
440
7%
6
4:4 7
*
,10
Feb
7% Mar
6
74
Mar
7
■
7%
90
37
Feb
31
4
4
4% Mar
4,470
64
65
Mar
5.65
5.95
2,295
6.00
9
173
173
14
.
9% Mar
Apr
.
Feb
Walker-Gooderham
29c
35c
Jan
12
Feb
99
99
Mar
113% Mar
Western
Canada
Preferred
20c
2c
'
21%
3c
Apr
65c
10c
10c
50c
'
6.35
62c
Feb
Ymir
Mar
50c
1,000
6.35 Mar
14
1,686
25
10
4.40
■
14%
25
4.65
2,345
55
55
9%
9%
60
1%C
—
1%C
8,000
25
10%
22
3.65
54
Jan
Jan
Mar
..'•■'
■■
50
53%
53%
Apr
19%
19%
20%
726
23 c
20c
23 c
8,725
3 '4
3%
25
3
Jan
62
66
271
40
Jan
69
690
12
Feb
13% Mar
•"' i 66
Mines
Yankee Girl Gold Mines.
v
24c
4*4
Feb
Feb
Feb
3
3
90
2%
Feb
3%
Feb
2%
3
138
2 %
Jan
3%
Feb
35
34%
35
203
Jan
43%
Feb
3.45
3.35
3.60
11,547
9c
9c
500
39
40
$3,100
4100'
—
13
20% Mar
3
Bv4444444i44444444——-4444_* 4
,—44—-.4*
4
12%
13'
2,042
*
4
-
20
2.50
8c
Jan
3.60 Mar
Mar
9%c
Jan
45
Feb
'
Uchi
4
Feb
26
Feb
10c
48c
Mar
52%
—100
Bonds—*
Feb
70c
4.95
commoril,,.——-4*---—4
Wright-Hargreaves
,
5.90
15c
Winnipeg Electric class: A—44——•— 4*
6% Mar
10c
6,600
7.960
—4
common
Fob
Jan
12c
4.90
1
—•
Ltd
Westons
*
Flour
Jan
4.75
4
&" Worts com
Wendigo Gold Mines-41———
5%'
1.28 Feb
9%C
IOV2C
4.75
Ltd
Preferred
.
Mar
11%
Mines,
•
4——44**—-*
Waite-Amulet
Apr
12 %
■
Feb
Apr
33',2
.33
10
12,200
4
Feb
70
5%
8V2
Feb
:V";.r,.9;,
8V2
■4
V
1.22
18c
■
Ltd,
%
Apr
71c
Toronto Stock Exchange-Curb Section
Feb
14% Mar
25
Jan
4.65
Jan
55
Canadian
Funds
Apr
March .27
Apr
to
2 both .inclusive,
April
Mar
9%
Jan
10%
lc
Jan
compiled, from, official sales .lists
Week's
Friday- *:
2%c Feb
•
83c
81c
85c
18,200
60 % c
70c
*
Ltd—i
69c
72C
10,660
68c
20
20%
20%
v
473
19
19
19
110
1
Ltd-
Lake
2.85
2.85
2.90
12,675
Gold
Mines——
Fields——
1.69
■'
Maplo Leaf Milling
1.62
1.70
12,725
1,20
1
1.14
1.25
75,776
1.71
1.66
1.91
39,600
2%c
-„1
Eastern
1%C
2%c
49,500
44,:-:<vLast
Feb
STOCKS—
'
?.
•
Range
«of Prices
Sale Price
19%
Jan
Mar
Feb
18% Mar
2.30
Jan
1.51 Mar
70c
1.66
Jan
6
6V«
12
Preferred
1.00
Sales
%-
■
for Week>'•%
Shares
Range Since January 1
230
Feb
2.92
Jan
Feb
1,25 Mar
Apr
2.09
Feb
2%c
Apr
12%
4%
Jan
Brett
Tretheway Min^s
■Canada Bud Breweries——Canadian Marconi'
Jan
125
10%
3c
500
2%c Mar
6%
7%
2,642
5%
Jan
16%
16 Va
17
3,345
14%
Jan
6%
6%
6%
v
•
-
3c
•
,
LOW
1
Consolidated Paper
class A ;2—
Feb
Humber8tone Shoe Co Ltd.
Apr
Ontario Silknit
.
-
_
85 c
Jan
30O
3
3?/a
2,788%
3%
100
1,100
;
32c
33c
26
26
26%
1.15
-12%
32c
*
100
•
Ltd—
—-1
2':
10
18%-c 18 %C
1,000
1.68
4,000
v
Jan
Api-
1.95 Mar
1.80
;
,
Feb.
3
Jan
3% Mai-
Mar
3a4 Mar
29c
Jan
43c
Feb
25%
Jan
26%
Jan
78C
115
Jan
12%
8
60
;
10
3
;
;
50
9
35%
1.20
1,900
12%
9
v.:;.
.
1.25
35V4
-
preference_*li__***
Lake Mines
1,725
1.60
12%
*.
Howard Smith Paper Mills Co
Feb
1.90
1.55
1%C Jan
Feb
1.20
♦
■
Foothills Oil St Gas__2^
Osisko
3
0
Bridge
Jan
Mar
.'.,i
a
Oil
Dominion
6
Vi
High
•
;
%C Mar
1,435
3%
1.70
•
Corp——T
Consolidated Press
2,000
10
%c
8%
5
14
17
High
%c
••
4
i2__
3%c
7%
Low
1.60
1
;
Copper Co Ltd-'-—_
Coast
Dalhousie
6%
1
Par
Jan
Jan
19%
1,79
»
Mar
%c Jan
7%
1
_
common
85c
21'/a
--
»
common—
Maralgo Mines LtdPreferred
Jan
4%
7c
—*:
MacLeod-CocKsr.utt Gold Mines— —1
Massey-narris
>
23'
1.16
6c
14%
....
Gold
30
5 'a
•
B....
Feb
30
•
Leitch Gold Mines.
Little Long Lac Gold Mines
Loblaw Groceterias class A
Macassa Mines,
101
1.16
6%
.'V-':
Feb
6%
—_4.;.
—4——J—4
Preferred
62c
:v 1
_
100
82
claims A
.50
4*i44444;44A4444:4;4444'44U25 -
19%
6.05
3
.
_
12
■:
.£•
2c
Co-*—— .100
101
82
..
•
Laura Secord
1.25 Mar
Mar
Fuel Invest
19%
i
Mines
Corp class
17%
«
common..—
2:70 Apr
.
6
V
—
50
_._4
Canada——
of
United
6
1
Ltd—.
Milling
Jan
90c; Jan
521 h
/'
,
4-~—-44-50
rights— 1rights4—444-4_—44-'—.
Gas Co
Union
Class
."
1.85
100
20
City Rapid Transit common—.4
Twin
19%
1
9,195
Mar
30
:
J*.
*.100
Ltd common—_—®
—
39% Mar
.
Mines,
B
39%
1
Ltd
A
38
■'
Mines
Series
39
—1
2.70
1
Upper Canada Mines Ltd-*4-4-w—.-,i-l
Ventures, Ltd^ ————--4—, •.
Vermilata Oils 44*4444———J.
7c
—
Mines
4
...
Cdrp,„_.4—4-5..
12
Mar
18c
La ma que Gold
&
Mar
*
United Steel
11%
s
class A
Ltd;—*
Woods
Malartio
2,14 Mar
72c
Corp^; *
•444444444a.44444.4*-4.4--—
B
Series
Mar
21c
112% 113%
*
__
Gold
Dufault
Manitoba
Jan
Jan
lc
1.45
3c
Jan
70'
73%
32% Maf"
9
Kirkland Lake Gold Mining—,— —1
Red
4"»s
Jan
16 Va
9
Kirkland Townsite
Madsen
.
Feb
Jan
1.51
1.685
3c
Feb
Mar
66
4,500
72 c
1.46
_l
Feb
7c
59%
:
20
lie
1 99
12-
1.75
12
14
11%
*
Mining
Mines
Class
12
11c
1.85
12
1.90
16
Apr
4" 8
48,525
1 %c
Jan
1.00
81
**
3'bC Jan
Jan
10
32%
11%
Mines
Shore
23%
Apr
96
X
A—
Petroleum
Kerr-Addison
of
42
73%
■44Preferredc:444:44444^444rt4444444i44
:
3.50 Mar,
28c
International Utilities Corp
Lake
l%c Mar
176
70%
73
I
Mortgage Co J—
Series
Feb
9.95
12%
100
Waite
Jan
5%c Feb
23% Mar
10%
100
International
>
11%
—
pref**
Lake
Jan
Traders Finance
Feb
9
International Milling Co 5% pfd
International Nickel common-
Lake
4%
69
73%,
Ltd.
—'—1
Preferred
Toronto
Jan
170
■''■■:
common-
common
International Metal
Feb
17c
13%
Imperial Tobacco of Canada ordinary.5
Imperial Varnish & Color
Jason
Feb
45c
60
60
.100
paid
Jellicoe
44c
Jan
12
:
Imperial Bank of Canada—.
Imperial Oil—
Jack
Feb
96
Jan
Mar
31%
31%
A
Huron & Erie Mortgage Corp com** -100
Inspiration
4%
69%:
25
Mines;' Ltd-——
Preferred
Mar
14%
3.40
19 %c
7c
3%c
3%C
23
23%
*
Mining & Smelting—_
Limited
20%
a
3%c
/
53
Tip Top Tailors Ltd 'common--.,—*
5% Jan
58c
9.95
3.15
3%c
;
Mines
Hudson Bay
Hunts
1.30
Mines.*—4-4u4—4—;1,
Texas; Canadian Oil
Feb
33
11c
-
&
,
:
14%
;;
»
...
3 %c
11c
14%
10.00
Hollinger Consolidated Gold Mines- —5
Oil
50c
14%
;
_
Oil-
33
2%c
45c
5%
45c
5%
Highwood-Sarcee Oils*,r-*-,-^.^._,—
Hinde & Dauch Paper..
Honey
1.00
—*
(Ltd) common
Teck-Huglies Gold Mines
Mar
5%
OV2C
5%
33
_
Bridge
Harker Gold
Home
too
Gold
Tamblyn
12% Mar
•
Hamilton Cotton Co Ltd pref
Homestead
6.000
39.500 '!
c
com —*
Mine)*—
Mines
Gold
5%
212
Mines-!—'44**41
Mines.!
*
Cons
2c
,
16
preference!. ——4—.***—„■* '/
Contact
2C
4%c
5q
15
4
4
Beach
Basin
Rvlvnnite
Apr
12%
>V
—1
—
Halliwell Gold Mines
Rock
29c
16
River Gold
Sullivan
55
Toronto
Hard
86 7
38c
8,200
•
*
—VT~~;—**
—
*:
Lake
2%c
1%c
c
Mines
Lime
Hamilton
120
7,000
39C
-—.4'*
Materials
&
Rock Iron
29%c Mar
54%
80
,_1
,
Co' Ltd—
Co- of Canada eommonf—*4-4—*
Preferred
Feb
:
End Petroleum*—.
4c
'
preferred—4
Great West Saddlery Co pref.—
50
Greening Wire Co Ltd,
Gunnar
-.
'
Lakes
Great
„4
1__50
South
Apr
10c 11 %c
;■
1
—
common
Preferred
Jan
22%
2%c
■
•y
1
Goodyear Tire & Rubber
4%
Jan
20c 23 %c
1
Mining—
Jan
1%c
20%c
1
Mines.
Gate
Jan
3%
19%
9
-!*•
Mines Ltd—*———*-*
Eagle
2V8c
4%
82
J:"'-;?!'•
Ltd.—^
3%c
86
Wares*—
Goldale Mines Ltd
Golden
co <m
100
*
8
100
Steel
God's Lake
-
*.
common
preferred
Glenora
22%.
—*
22%
8
4%
A
preferred
5%
3c
3%
21%
V
1
Ltd——-——.
Canada
General
;
'
Federal Kirkland
Fleet
._*1
40c
35c
92%
93%
Mines-i^-v-^-^.—
Gold
94
39c
100-
Feb
...
*
34
1*30 Feb
12%
Apr
9%
Apr
Feb
Mar
Jan
35% Mar;
-
19c
8 % C Mar
Jan
■
McColl Frontenac Oil
Preferred
For footnotes
common-^
.100
-
see
*
page
1263.
,.
100
100
700
10
6
92%
Jan
Jan
7%
100
Feb
Mar
Pend
Oreille Mines- &!' Metals——
-
Temiskaming Mng. Co. Ltd.--*-—*
.1
1
1.65
1.65
•.
6c
6c
2,500-
1.05
Jan
5%c
Jan
■
1.74
Feb
8c
Feb
i
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4165
157
OVER-THE-COUNTER MARKETS
Quotations for Friday, April
2
Investing Companies
Insurance
C:
Par
Aeronautical Securities
Bid
7.47
1
Affiliated Fund Inc
1%
,
Ask
8.12
2.98
Par
folding Corp
Series
3.26
20%
American Business Shares
22
1
3.08
3.37
12.90
13.99
ScriesB-4—
Aetna
27.11
Agricultural
17.03
—,—
32.47
24.67
B-3——
2
_l
Assoc
Stand
6
8.93
9.83
14.84
16.27
17.99
American of Newark
23.62
14.23
American
9.64
10.64
American
4.15
4.61
American
Surety—
6.18
6.82
87.32
89.10
Loomis
36.48
37.20
————
S-2—-ii:4—
•
3%
5%
Maryland
77%
Massachusetts Bonding
Merchant Fire Assur
S-4
.—.
American Alliance—
Merch
24%
23%
19%
preferred
in
3.57
5
15.76
24.75
14.00
*
Sayles Sec Fund——10
26.76
Bullock
Fund
15.34
Basic
Industry Shares
Fund
Boston
Inc
—
Fund
Inv
in,
_
1
Chemical
52
54%
14%
2ft
54%
56%
2%
7%
8%
81%
84%
4—4
New
2ft
5.70
2,275
2,375
Nation-Wide
(Colo)
18Vii
1
Investment Trust..
33 %
35%
34%
Continental Casualty
36%
York
3.85
4.40
19.78
21.27
Federal
1
9.64
10.37
Fire Assn of
10.26
11.21
Fireman's Fd of S Fran
Securities—
2.26
2.14
Bond
series-
2.14
Income
2.60
Low
2.60
mod
AA
mod
&
ACrum
A87e
—
preferred
National
1.22
29%
6.67
A Common
A7%
Cumulative
•
priced bond series-
5.75
6.34
6.36
7.03
England
3.50
5.20
5.85
-25C
1.19
1.31
D ————.4—L—;
Eaton
—
Stock
Financial
First
Mutual
18.34
1.73
1.90
5
5.39
10
'
Btock
3.55
21.76
Fundamental Trust Shares A—a
4.45
8.25
B
•
4.10
•
30.30
32.58
1
4.72
5.09
——.
•
—
/•.
Automobile
6.06
shares—
shares
6.67
47%
18%
19%
ft
42%
-
10%
11%
28%
30
__
26%
Fire
Republic
Revere
5.99
35%
37 %
Corp
(NY)„.
2
—
6%
5%
Fire
& Marine..
2.68
2.78
10
45%
47%
10
37%
39 %
25
125 %
129%
Standard. Accident
10
63%
-62%
47%
Travelers
28%
Fire
10
27%
24%
Security New Haven
Springfield Fire & Marine
100%
44%
25%
22%
(Texas)
(Paul)
449
-.100
—
66%
.
459
30%
U S
Fidelity & Guaranty Co
Fire
15%
16%,
Insur Co of North America. —10
75
77
20
38
40%
Westchester Fire
2
U S Guarantee———..
31%
32%
4
53%
55%
10
78%
82%
Jersey Insurance of N Y—
...
—2.50
32%
34%
New York Bank Stocks
Par
Bid
Ask
10
20%
21%
First National of N Y——100
37%
National City—
___12l/a
Public National
17!/a
6.76
Bank
of
Chase
Amcr Bond Trust
North
ctfs—_
Manhattan
Co
National
.
__
13.55
_
36%
Bid
Par
1,350
Ask
1,380
34%
36%
32
33%
39
187
..100
—
195
Amer Trust shares
Series
1953--—-—
*
—
1.98
Series 1955—!
1
2.54
1—1
1
.
.V
-
'.;
,'r'
:
2.49
Series 1958
2.10
Plymouth Fund Inc
Putnam
—
10c
.45
12.76
5.55
6.25
Par
Quarterly Inc Shares——.
3.59
4.01
>
85.56
87.28
2'/a
8.95
9.76
1
3.96
1
6.15
6.81
*
14.01
14.92
Republic Invest Fund—_„—I
York
Bid
100
Bankers
—
Par
Irving
Kings County
Lawyers
336
47%
100
—
Ask
326
10
Brooklyn
49%
84%
8OV2
Amer
Selected
Income
Sovereign
Shares
Central Hanover
20
97
Chemical Bank
10
49'/«
Bank & Trust
Continental
Shares
investors—
Fund
& Trust
10
16%
62 %
8.22
9.04
State
4.46
4.91
Super
6.73
29
32
20
Co
43
45
20
...
&
15%
52%
54%
100
196
206
45%
59%
(J P)
New York—
Ask
14%
1,255
_25
common
—
Morgan
17%
44%
Empire
—
—..50
___———
Fulton
150
100
:
25
292 %
88%
12
Title Guarantee & Trust
5%
91%
6%
165
287 Va
-100
Guaranty
bond
Preferred
51%
Corn Exchange Bank & Trust_20
6.59
Electrical Equipment..
Food shares—.
100
Bid
10
100
Manufacturers
Inc
Selected
Companies
13.65
lOo
New York Trust
.50
1—1
Fund—
(Geo;
Spencer Trask
shares
15%
.10
.—
Seaboard Surety
27%
97%
—10
7.78
6.14
6.91
v
90%
14%
11.11
5.57
7.14
'6.28
45 %
87%
44 %
.5
_
45%
_
Hartford
7.10
7.85
5.06
—
L_
Building shares—
Chemical
Providence-Washington
Reinsurance
ft
-10
_
5.32
Fund,
shares
Aviation
12%
ft
_
107
43 %
5
Co
31%
Scudder, Stevens & Clark
Group SecuritiesAgricultural
11%
28%
Republic—
Bank of New
General Capital Corp.—
General Investors Trust
_
9.07
7.07
6.45
5.29
A
Inc
_
—5
ft
Fire.
103
.25
..—10
.—10
Indemnity
8.15
4.82
North
4.10
19.86
Shares
Invest
—
81%
11.09
10.11
;
5%
101%
9.38
7.41
...
Series 1956
1
Trust
Fundamental
8.53
10.09
equipment
25%
4 %
97%
5
7.04
Railroad
9.16
2
Foundation
16
24
—2.50
9.65
Railroad equipment—
6.02
Fund
Trust
Trust Shares A
Fixed
Newark.
Commercial National.
16.94
Fund, Inc.
78%
American
Hanover
12.16
8.78
6.39
—_
30.16
30%
14%
6.12
Steel
29 %
Inc.———
Industrial
12.17
28 05
Equitable Invest Corp (Mass) .9
Equity Corp $3 conv pfd
—1
new „10
Hartford Steamboiler Inspect.. 10
9.99
5.55
——
Machinery
20.20
11.33
Fund.
Fidelity Fund
Great
12.83
11.07
Electrical
18.89
45%
5
U S
Oils
Fund-
Balanced
11.90
9.09
±
Metals
&
33%
.
Phoenix
Inc—
stock
Insurance
Howard-
....
Stocks
Chemical
1
2.50
C
Pacific
67%
Fire
Homestead
York
Building supply
■
Shares
1
Aviation
10.18
Diversified Trustee Shares—
Dividend
Fund
Automobile
18.67
_
Fund—,
series
Agriculture
4.48
1
Trust Shares.
4.62
series—
Bank
Delaware
43%
65%
Home
112
100
Fire
St Paul Fire
Globe &
7.29
4.17
New
29
„10
preferred—
Security Series6.62
New
shares
B
27 %
31%
Pacific Fire—..
41%
General Reinsurance Corp
Gibraltar Fire & Marine
118
100
& Forster Insurance-
Crum
25%
43%
_
..
Northern
1.34
6.17
Preferred stock series—
27%
common—10
Forster
2
.10
Casualty.
Fire
River
—10
Phila
of
Franklin
3.47
...25c
voting shares
Series AA—_—_.—
Series ACC
5
i--—i.—
Firemen's
—•
National Investors Corp.
Corporate Trust Shares.
Series
8%
179%
'38%
New
Glens Falls
Accumulative
7%
174%
Northeastern
19%
32%
4.73
4.35
1
Consol
York
North
22%
-10
Connecticut General Life- „10
1
series B shares
(Md)
Commonwealth Invest
New
2
....20
—
Preferred Accident
144
139
100
...
8%
62%
5.90
21%
-
New Hampshire
10.43
9.64
Amsterdam
New Brunswick.
8.71
.
7%
60%
15%
7.92
Trust-
Investors
50 Vh
4
Y_.
National Liberty—
National Union Fire
„10
IOC
Mass
N
-10
10c
28.95
coin- .100
Securities
Preferred
3.65
26.93
1
Fund
Christiana
3.05
*
Ltd.
Century Shares Trust
Fire
Reserve
_
City of
6%
73%
10
Mfrs
Reinsurance—
10
Canadian
1
5
Natlonal Fire
Camden Fire
Manhattan Bond Fund Inc—
Ltd
Fund
6%
46%
__
21 %
v
15%
Bankers & ShippersBoston
10%
70%
1
Casualty
14%
Baltimore American.
16.95
Broad Street Invest Co Inc. „_5
Knickerbocker
&
Ask
9%
5
.2%
4%
4%
S-3
Series
1
32%
Bid
Par
Knickerbocker
25.95
12.95
Series
Nat Investing5
31%
American Equitable
16.31
—
Series S-l
A6%
56%
__10
—
K-2
13.40
A Common
139%
i—l.
K-l
Series
Bankers
134 %
10
Life—t.
Series
6%
12.46
Ask
Par
18.71
Loomis Sayles Mut Fund..
Oil Shares—
Axe-Houghton Fund Inc—
Companies
Bid
74%
•'
Surety
Series
American
l.'"
54%
Aetna Casual &
29.63
B-2—
/
i*.i-';V^ .r' *"•
Aetna
B-l
Series
Series
Foreign Investing.lOc
Ask
Keystone Custodian Fundsv
AAmerex
Bid
^
United
States—
.100
1,100
1,140
7.40
General
shares-
St
Investment
•
73.35
1
Corp
Corp of Amer AA
2.30
78.82
—
Trustee Stand Invest Shs—
6.31
Investing
6.94
ASeries
C
5.77
ASeries
D—..
Shares...
5.24
Merchandise shares-
5.11
Mining shares.
5.50
6.05
Petroleum
6.09
6.70
3.14
1
2.20
l
2.12
1
5.55
1
*
6.02
5.63
3.47
Price
Low
Quotations For U. S. Treasury Notes
'
shares...
Trustee
Stand
Oil
ASeries A
Shares—
—.
-
ASeries B
Railroad
RR
shares—
3.81
Tobacco
Utility
shares—
4.13
*3.26
shares.
B
Trusteed Industry Shares
AHuron
Income
.17
Holding Corp.
Foundation
Fund
Institutional
Aviation
Bank
Securities
1.51
5
18.62
100.9
JMar 15,
15,
1943.
1 % %
100.15
100.16
jDec
ly46
.81
22.58
A.
—•
2.10
2.38
13.16
A.
24.68
Jun
15,
1944-
19.56
Sep
15,
1944.
7.55
1
1944.
100.11
10C.'27
.82
-
i
1.09"
B
100.29
Wellington Fund
99.27
99.29
t%s Nov 1,
100.17
100.19
1%%
100.11
100.13
t%s Dec 1,
t%s Feb 1,
15.53
1
11.30
11.55
&
Co
1
1
/
A First
Boston
Corp.—.
—10
14 %
16'tis
.
'V
^
.V
•
-
'
■
4
:.'1'
...
c
Cent 111 Pub Serv 3%s,
..
-
'
-
■ v
v
Bid
3%s.
100%
100.1
100.3
2s
15, 1945
100.1
100.3
i%s
Banks—
Jan.
3,
1, 1943 W i
b0.75
0.60%
'tlVaVo
1964-1944.
1C4,'U
——
1955-1945—
'
104%
1C4
——
Housing
104,V
Southern Natural Gas Pipe Line
3 % s, 1950
105%
106
Wisconsin Pwr & Lgt 3%s,
106%
107
———
quoted
are
100.4
100.5
100.5
100.7
100.20
■;
other
105%
U S Conversion
Bills
purchase
Ask
Bid
May
b0.37
0.28 'r
May 26. 1943.
1943.
1)0.37
0.30-4
June
1943.
b0.37
0.32%
June
9.
April 28. 1943.
1943—
b0.37
0.32 %
June
16.
1)0.37
0.32 '.r.
1943-
b0.37
0.32%
2.
Feb
May 5.
May 12.
1,1944
Issues
♦No
3s
——-1946
106%
106%
S Conversion 3s
—1947
108aa
0.34
:
——
0.34%
1943
1943...
b0.37
:
1943
1961
128 Va
130
1,
1956-1946
106
106%
U
3s
May 1,
1956-1946
107
107%
Panama
Canal 3s
0.34 %•
-
par
value.
<»
Odd
lot
sales,
b Yield
June
■:
price,
1943—.—
23,
June 30,
—
1943——.—.
d Deferred
delivery,
r
Canadian
103%
Jan.
Ask
0.33 '■'<
19, 1943
14,
1943-
1971
100.23
15. 1944
105'/,
104%-
fi/r discount at
21,
7.
103%
109
April
April
100.24
Ask
102%
—
April
100.21
July 15, 1943
105
1972
104 3 «
Treasury bills—
Authority—
notes
3s
100.8
Apr
——
—
3
100.4
Finance Corp—
Bonds-*
1955-1945.
Ask
1944—
July 3, 1943 at 100
Reconstruction
U
3 %s
—May 16, 1943
—
Bid
3%s
101 v4
Federal Natl Mtge Assn—
1,1943
Call
3s
0.73 %
1944..
Public Service of Indiana
96
Bid
May
4s
0.7O V
b0.76
1943
United Slates Treasury
Bid
Ask
Commodity Credit Corp—
1946-1944
0.66'4
...
b0.73
Ask
105':.
95%
Rates
Bid
4s
1)0.69
104 y«
1972
Obligations Of Governmental Agencies
Bank
0.52 %
.
1943.
..
108%
2%s 1952
Electric
1
105
1971
Philip Morris 3s 1963
Federal Land
'''yI
b0.15
b0.55
1943.
1%
Penn
V4S.Oct.
Indebtedness—
Quotations For Recent Bond Issues
Corporations
23.66
Loan
100.14
17.09
Macy (R H)
Home
1,
Aug
%%
Empire Gas & Fuel 3%s, 1962—
Federal
100.12
1, 1943...
%%
Investment Banking
.91
21.77
Feb
99.21
S9.24
1 % %
-
of
10.65s May
1944.
1.56
—
„
1.20
America...10
——
Ask
99.22
14.4'2
'
Investors Fund C
tlVeVc
Certificates
100.13
%
1945—
Mar 15,
Rid
99.19
%
I
„4
100.17
100.16
%
%%
1
15,
t%s
14%
Int. Rate
1946...
6.91
series
Lt & Pwr Shares
ABlair
of
100.5
100.8
point
a
Ltd—
Insurance Group shares.
Co
100.4
%
20.02
Group shares
Group shares
Investment
% %
1
tSept. 15,
1.38
Investors.—.
Independence Trust Shares
1
1943.
17.89
Fund
C_
U S El
10c
Incorporated
1943
.72
25c
B„
Series
.29
Inc
Common
15,
15,
Mar 15,
Bond
Series
32ds of
Maturity—
tDec. 15, 1945—.
Dec
.40
3.60
United
more
or
Jun
.25c
—
represent one
Ask
Sep
Trusteed Amer Bank Shs—
Class
Bid
Int. Rate
Maturity—
4.87
3.74
shares————.
4.32
4.42
Equipment shares.
Steel
Figures after decimal point
s
Cash sale—not Included
oonds are
in range for year.
subject to all Federal taxes.
x-Ex-dividend.
y
Ex-rights,
tin default.
AQuotations not furnished by sponsor or issuer.
market,
tThese
THE COMMERCIAL
1264
& FINANCIAL CHRONICLE
1
*
1
'
'
1942
4-;+y
clearings this week show an increase compared with a year ago. Prelim¬
inary figures compiled by us, based upon telegraphic advices from the chief cities of
the country, indicate that for the week ended Saturday, April 3, clearings from all
cities of the United States from which it is possible to obtain weekly clearings will
be 36.2% above those for the corresponding week last year.
Our preliminary total
West
Virginia—Huntington.
Virginia—Norfolk—
Richmond
—
—
Maryland—Baltimore——
District of
stands at $9,147,743,532
against $6,716,459,877 for the same week in 1942.
At this
center there is a gain for the week ended Friday of 35.7%.
Our comparative sum¬
mary for the week follows:
Total
by Telegraph
Clearings—Returns
Week
Ending April 3
York,
-i
:
|
'
•
Boston
110,806,487
107,100,000
+39.3
18,098,000
Alabama—Birmingham*-——
41,754,660
+ 24.1
26,738,493
20,992,999
4,082,170
+ 13.6
;
*—*—.■■
136,900,000
189,414,000
196,887,391
175,039,668
124,271,557
+ 70.3
+35.4
1,039,281,465
+ 36.7
$5,741,479,503
1,357,957,255
——
72,963,859
$4,702,198,038
$7,789,-786,277
*——**_
—
974,980,374
yi;
..
132,386
130,044
117,427
138,760
86,708,767
62,083,995
+ 39.7
50,346,665
40,058,201
359,498,822
282,397,532
+ 27.3
221,943,173
168,220,548
•
•••■
Indiana—Fort Wayne
Bend
Terre Haute——**——
**
New
—
-
$
12 cities
-
York
12
-
—.
Missouri—St. Louis
Tooal
Ninth Federal Reserve
7th
Dakota-r-Fargo_
Dec.
1941
10th Kansas
11th Dallas
%
$
$
357,888,414
+13.8
298,435,254
+ 46.9
3,572,231,031
Total
565,614,667
+ 10.1
514,513,376
439,217,204
586.481,307
.468,960,053
+ 25.1
370,865,703
Outside
New
27,201,269
717,000
+
45.2
554,000
220,831,765
+
19.3
add
297,915,572
148,592,478
3,083,308
+ 22.8
+ 37,3
Lincoln——*——**_
"
571,475,932
501,817,761
+13.9
458,695,068
+
17.5
263,552,173
220,831,765
+ 19.3
175,140,888
.2,814,548
+
17.5
2,608,531
"
"
136,991,607
+
31.8
111,583,710
106.666,521
279,107,685
191,646,935
+ 45.6
145,251,971
128,634,412
M
"
133,633,945
101,824,841
+ 31.2
73,840,656
65,744,003
496,879,572
372j350,546
+ 33.4
279,107,931
223,086,011
,
3,083,874
136,991,607
9,052,583,290
6,747,591,897
4,303,644,272
447,211,505
+ 34.2
6,392,415,040
167,643
+ 21.7
' 2,936,494.543
117,896
+ 42.2
134,596
+ 30,0
112,532
113,557
2,762,682
+ 46.7
2,545.701
2,749,974
43,691,511
+ 70.6
31,995,904
27,630,409
+ 11.2
2,401,246
2,649,466
5,745,411
4,658,153
185,146,255
5,419,669
803,461
661,610
132,607,538
Total
.
358,657,745
.
'
Colorado—Colorado Springs
(10 cities)
213,030,631
$
Inc. or
Dec. %
600,505
3,593,650
.
;.i94i
Bedford
1.5
.$
$
569,735
Total
400,918
1,925,361
226,216,008
785,530
638,142
370,752
+
1.1
360,555
Falls
726,088
+ 19.1
667,760
3,596,197
—18.1
3,224,437
+ 10.6
2,629,879
Island—Providence
..
Hampshire—Manchester..
12,538,686
5,008,162
520,465
.
+ 27.8
11,333,559
:
8.6
4,364,290
4,306,616
—10.9
489,943
12,378,800
11,865,200
6.2
436,477
459,422
+
1,037,149
59,100,000
——*—-**-1,105,927
47,700,000
Jamestown™
New
4;Newark_:44—4»-;J-.44—————-
-
Northern New Jersey
1
t
'*
V
.*
;.?>•'!, 7
"
To'ial (12 Cities)—
7'V,',
3,455,920,497
8,468,084
+ 10.5
8,771,354
+52.9
5,428,741
1,095,106
859,989
34.1
45,877.732
33,308,078
30,436,597
21,174,132
+ 43.7
17,091,080
12,733,366
—-
6,014,544
2,769,814
259,323,732
3,008,031
3,824,177
47,524,716
42.7
+
34,915,881
3,901,348
3,211,232
(10 cities)
2,970,285
28.9
154,500,000
2,702,451
+
41.5
2,676,554
2,253,196
—12.6
1.158,178
,1.025.811
34.0
2,312,932
1,802,896
9,052,583,290
6,392,415,040
5,636,440,841
4,303,644,272
—
—*.
7.9
201,214,000
+
2,936,494,543
2,488,290,269
1,048,369
—
1,198,945
3,505,072
2,615,320
+
.►
2,622,562
130,353,000
496,879,572
(111 cities).
Canada—
1943
+11.0
+22.6
19.202,144
+16.8
28,745,078
+ 46.9.
3,572,231,031
128,608,963
1941
,
1940
$
%
3.8
107,398,003
67,255,347
+21.3
—
^
25
61,751,678
+
58.8
32.021.542
25.389,093
22,247,314
+ 34.5
17,498,719
12,027,452
62,515,243
65,238,771
4.2
55,241,536
13.401,749
Quebec
4,641,186
4,700,730
1.3
3,984,636
Halifax.—
3,620,234
3,836,128
—
5.6
3,213,590
1,975,543
Hamilton-
7,226,846
6,868,660
+
5.2
6,070,557
4,326,938
Calgary—.
3,249,575,233
100,737,721
32,006,587
29,921,156
Ottawa—.
24,504,177
J nO.161,406
50,826,180
Vancouver-
18,865,897
121,548,963
Winnipeg
426,093
.
Dec.
123,716,743
Montreal
3,462,285
6.7
4,154,177
360,384
March
Inc. or
1942
$
Toronto
Y.
6,402,160
5,989,581
+
6.9
5,235,181
3,455,485
2,202,101
2,253,506
1.662,422
—
—
3,119,750
Bethlehem
1,335.296
—
*
—
—12.3
1,935,793
1,739,785
+ 11.3
1,639,400
3,503,497
2,547,850
+ 37.5
2,086,624
1,697,854
,3,912,782
2,739,346
3,002,899
2,161,046
+45.6
1,339,877
567,659
1,521,543
,
; Chester
Lancaster-
349,66?'
509,101
2,512,231
Victoria—
London-
Third Federal Reserve District—Philadelphia—
Pennsylvania—Altoona
•
8,582,951
_.*
.
St. John;
*.
Week Ended
3,894,746
6,004,022
3,335,589,423
101,064,313
+
Santa Barbara—
7,480,241
4,608,830
4,899,683,160
+ 31.2
+ 58.0
Stockton-;
3,148,150,572
"
—.
—
+47.9
31,199,659
101,824,841
+ 43.9
San Jose
478,538
—
924.558
3,266,883
1,053,757
812,715
265,664
19,321,069
1,998,000
1.041,645
32,300,000
583,587
247,786
23,696,327
36,455,913
•
-
2,233,000
4,070,182
948,385
677,387
6,664,109
—.
936,885
42,500,000
+22.6
.
9,356,066
———7,045,335
(Jersey—Montclalr—
3.0
23.9
—36.6
3,210,577,149
Connecticut—Stamford
New
+
5,952,267
8,251,584
902,390
4,748,939,018
York
Syracuse—
—
4,950,797
1,101,344
698,365
—
Rochester,—,-
,
1,069,145
;———**——.—
Elmira-a
+22.2
1,898,340
51,703,955
9,910,422
63,119,892
Outside New York
4,372,067
2,583,985
81,985.607
70,249,474
Grand Total
5,342,165
Binghamton—-—
Buffalo.**—
596,304
1,665,203
...
—
Pasadena
Second Federal Reserve District—New York-—
—_*.—.—
478,787
675,130
84,659,344
Total
New York—Albany
424,181
133,633,945
San Francisco
(12 cities)
Total
3,190,566
33.4
+ 18.7
1,200,243
California—Long Beach
11,997,905
+
21,311,400
,
40.2
+
Utah—Salt Lake City
2,113,087
5,438,400
18,983,000
New Haven-—-—*.
+
602,517
557,298
2,752,000
(6 cities)
Yaklma_
2,764,917
2,449,007
16,029,359
^Connecticut—Hartford
3,865,278
Oregon—Portland
506,052
.
1.932,074
4,302,686
—.
Washington—Seattle—
369,345
2,708,396
**————.
89,401,379
2,838,610
Twelfth Federal Reserve District—San Francisco-
1,683,853
259,758,871
1.4
—
374,930
2,946,155
Springfield
101,599,613
1940
864,774
V
—
2,810,195
+ 39.6
3,610,999
Louisiana—Shreveport.
+ 15.5
865,767
River
1,742,310
2,861,846
+
109,878,935
—
Galveston—*—
27
+10.9
306,692,510
853,921
—
3,239,397
354,195,685
Portland———*-.
9.4
23.3
—
11,889,082
Dallas**
Fort Worth
First Federal Reserve District- -Boston—*
Massachusetts—Boston
83,123
Eleventh Federal Reserve District—Dallas-
...
1942
591,477
104,188
279,107,685
Missouri—Kansas City——
St. Joseph
—
2,488,290,269
402,188,306
Clearings at—
New
+31.8
74,535,780
...
Wichita™
detailed statement showing the figures for each city for the
Maine—Bangor
Rhode
821.569
5,636,440,841
3,537,014,548
.1943
Worcester
+
4,051,610
Kansas—Topeka
Wichita
New
2,461,770
* 175,000
Omaha—;_*_—*——
140,895,652
180,538,276
Lowell
536,000
29,697,509
Nebraska—Fremont—
404,571,742
"
Week Ended March
Fall
20,346,268
72,113,826
34,947,994
4,927,011
Hastings
Week ended March 27 for four years.
;
31.813,384
!■
140.895,652
91,264,732
180,538,276
168,220,548
our
88.200,000
42,985,619
+ 12.9
Tenth Federal Reserve District—Kansas City—
Texas—Austin
now
104,400.000
+ 27.0
37,844,613
940,690
221,943,173
32 Cities
We
18.1
51,070,152
2,939,815
+ 27.3
York City
Canada
+
131,200,000
59.8
282,397,532
111 cities
:
—
458,695,068
+ 19.2
359,498,822
10
13.9
+ 19.9
"
—_**
Francisco
12th San
404,571,742
+
917,898
Total (7 cities)
3,249,575,233
7
10
—
1,112,780
1,223,030
263,321,465
3,335,589,423
6
City.:
1,711,045
1,390,255
1940
4
Minneapolis
3,970,212
*
64,883,412
Pueblo——————*——**—*4-;
0th
4,039,469
3.8'
"+27.1 '
879,253
Helena-—————*—™.
17
-
26.6
+
1,965,139
1,100,338
170,806,279
Louis
953,782
3.305,993
***
10
Chicago
St.
1,879,370
3,787,703
125,319,321
,41,049,498
——
Paul——
18.9
Atlanta
501,817,761
296,983
326,589,761
5.9
+
1,385,023
437,286
371,641,366
+
1,230,356
District—Minneapolis—
Minnesota—Duluth
+
6th
4/1.5:44;
+ 11.9
3,852,477
2,039,365
1,760,427
:
3,543,763
263,552,173
211,678,353
10
373,930
1,050,291
13,096,998
4,250,029
42,727,761
(4 cities)
251,739,909
Richmond
398,000,589
1,302,893
4,877,454
1,357,670
14,256,113
1
1,041,000
"
"
**
Cleveland —7
6th
4.3
54.8
154,900,000
—**."■
—
6
Philadelphia
4th
+
+
'
(17 cities)
622,887,297
3d
Bth
$
+35.7
4,583,370
571,475,932
—
Kentucky—Louisville™
CLEARINGS
4.899,688,160
y
1,741,117
15,643,599
7,094,929
—
Tennessee—Memphis
Illinois—Quincy
North
407,100,212
"
5,286,573
22.351,408
Montana—Billings*—1,048,412
Inc. or
1,746,702
5,642,677
23,614,882
2,362,851
16,308,204
South Dakota—Aberdeen--—-
Federal Reserve Districts
1,358,281
17,405,000
2,169,941
Eighth Federal Reserve District—St. Louis—
In the following we furnish a summary by Federal Reserve Districts:
1942
1,744,454
19,455,000
:
+ 25.5
-
*
Rockford-*—:
St.
BANK
5.0
+17.0
—;
Peoria*—
District of 33.4%.
OF
+ 37.6
.+
6,461,664
—
.
Minneapolis—**.*—.
1943
+ 24.5
2,354.132
2,545,134
1,052,740
32,291.325
—
**_*
Illinois—Bloomington
Chicago*—*
45.6%, in the Dallas Reserve District of 31.2% and in the San Francisco Reserve
SUMMARY
24,669,000
309,510
3,218,878
1,483,387
8,112,559
Sioux City
Total
282,103
3,310,021
'
368,159
445,471,691
Iowa—Cedar Rapids
Springfield
2,061,67?
.
37,788,490
Wisconsin—Milwaukee
Decatur*--*.
20.3
+ 233.1
3,238,888
;
Des Moines
3.0
+
825,186
2,672,705
30,708,000
-
Indianapolis*—*C«*—*_***—*_.
+ 36.2
+
391,305
3,504,415
,
this it appears that in the New York District (including this city) the totals show
improvement of 46.9%, in the Boston Reserve District of 13.8% and in the Phila¬
delphia Reserve District of 10.1%. In the Cleveland Reserve District the totals are
larger by 25.1%, in the Richmond Reserve District by 18.9% and in the Atlanta
Reserve District by 27.3%.
The Chicago Reserve District has to its credit a gain
of 13.9%, the St. Louis Reserve District of 19.3% and the Minneapolis Reserve Dis¬
trict of 31,8%.
In the Kansas City Reserve District the totals record an expansion
Week Ended March 27—
2,200,468
+
1.8
+
District—Chicago-
Michigan—Ann Arbor—403,201
Grand Rapids—_**———*—*—*.
4,217,532
Lansing*——
2,748,584
+ 39.3
•
$6,716,459,877
Seventh Federal Reserve
+ 35.7
>
'-r
—
$9,147,743,532
Mobile*-——*—
+ 28.5
1,421,083,910
—
809 529
Total (10 cities)—-——
136,264,078
$1,368,702,367;
—
—
1,204,541
——;
.
Mississippi—Vicksburg_
+42,0
,
V
1,573,124
1,348,490
51,821,525
4,639,292
.
+ 20.3
138,691,931
.**+
—
Louisiana—New Orleans—*——
+27.8
157,496,000
an
Boston
4,263,388
27,501,000
ended March 20.
For that week there was an increase of 34.2%, the aggregate of
clearings for the whole country having amounted to $9,052,583,290, against $6,747,591,897 in the same week in 1942. Outside of this city there was an increase of 21.7%,
the bank clearings at this centre having recorded a gain of 47.9%.
We group the
cities according to the Federal Reserve Districts in which they are located, and from
•
59,600,000
+ 70.2
In the elaborate detailed statement, however, which we present further below
able to give the final and complete results for the week previous—the week
2d
20,993,453
85,200,000
+ 14.4
Macon
are
1st
4,515.056
22,402,450
+ 12.5
—17.4
Augusta——
•
Complete and exact details for the week covered by the foregoing will appear
in our issue of next week.
We cannot furnish them today, in as much as the week
ends Saturday and the Saturday figures are not available at time of going to press.
Accordingly, in the above the last day of the week in all cases has to be estimated.
of
+15.6
+ 31.1
1,267,980
"
South
.
6,266,353
28,832,503
108,900,000
2,622,827
Total all cities for week—
we
7,243,338
37,808,993
122,500,000
2,167,210
Georgia—Atlanta——^
26,457,000
—————
(-
170,806,279
45,027,311
.
cities* one day——
>
+ 18.9
n,450,000
Total all cities, five days*——
All
'
29,024,848
Florida—Jacksonville
Ten cities, five days
'
'i
87,971,778
0.5
+32 1
+44.6
Other cities, five days
(\
211,678,353
1,595,637
+20.8
+17.9
-
Baltimore—
•
+23.0
—
289,633,679
383,000,000
Cleveland-.—-—.*—-———.
;
j'
735,483
——154.293,142
:
Ban Francisco
,
3,301,000
48,177,533
+
269,168,333
-—
-
'Pittsburgh———————
,
5.7
+27.1
554,000,000
,—***.**——*
——
Kansas City
...St..Louis-.
,
v
$
■Atlanta-
Nashville
+35.7
1941
317,427,700
-Chicago-—-———-—*—
Philadelphia—
i'
1942
$3,049,569,377
$4,137,825,082
382,643,327
.
5,524,000
58,372,485
1,932,657
112,523,116
32,578,197
Tennessee—Knoxville
1943
'
——*—-—3-
r
,
+32.0
251,739,909
(6 cities)
or
Dec. %
747,898
32,427,941
Columbia—Washington—
Sixth Federal Reserve District
New
987,075
5,841,000
74,216,532
2,377,217
135,890,144
—.
——
South Carolina—Charleston
Inc.
$
Fifth Federal Reserve District—Richmond—
Bank
Monday, April 5, 1943
Week Ended March" 27
1943
-
,
,
-
,
.
THE COURSE OF BANK CLEARINGS
7,
1,628,870
473,927
439,125
Edmonton
6,598,005
5,148,431
+
955,425
616,520
Regina—
3,981,059
3,633,319
+
9.6
—
512,701
Brandon—
+10.7
636,474
631,772
6.6
2,186,214
1,768,283
;
+10.1
499,000,000
426,000,000
+
—
1,624,228
1,394,595
2,538,304
+10.5'
2,319,212
2,245,243
\
1,213,296
1,076.362
+12.7
876,453
1,520,414
V
1.657,772
+ 17.6
1,448,243
1,296,152
y
3,414,600
—13.7
4,993,200
3,307,100
+
565,614,667
+10.1
514,513,376
439,217,204
1,096,514
—14.1
i
410,266
Saskatoon
***.
574,407
+
Wilkes-Barre
York
New
;
.
.
—
—
Jersey—Trenton
Total
(10 cities)
.
271,575
210,940
424.482
381,599
854,733
'*
+ 17.8
764,641
649,181
1,122,786
1,016,571
1,075,285
1,113,042
New Westminster
768,945
1,039,267
•4-26.0
Medicine Hat
399,949
334,444
823,185
661,019
Bherbrooke
777,559
806,033
476,272
320,340
y 852,504
,4 694,085
655,110
C. 812,619
671,798
+ 19.6
—
1,157,375
1,105,069
.
23.1
Peterborough
—
Scranton
4
+ 26.1
1,297,271
:
+18.4
724,101
485,701
Moose Jaw™
Brantford
Fort William
622,887,297
Reading
552,000,000
1,949.299
—
1,596,788
Lethbridge—
608,000,000
2,038,745
2,803,658
2,948,700
Philadelphia
.
28.2
0.3
■
V
+ 10.4
—
3.4
-.
3.5
164,566
470,037
396,654
859,857
y.yi
+ 24.5
—
502,289
271,290
710,177
Kitchener
Ohio—Canton
2,936,907
.
Cincinnati
—
2.4
2,902,550
2,1^2,398
109,717,723
•
84,304,332
+30.1
73,708,758
62,611,000
218,741,307
—
Cleveland
3,008,385
166,208,328
+31.6
124,676,802
94,557,545
1,170,484
1,134,446
+
3.2
980,386
755,122
Windsor
Fourth Federal Reserve District—Cleveland—
4,014,072
3,598,736
+ 11.5
3,464,146
2,260,371
571,101
420,266
+ 35.9
285,605
227,100
714,241
574,448
582,565
395,237
Prince Albert
i
Moncton—
i
Kingston
—
-
1,084,326
726,335
-y
1,115,802
612,193
13,543,500
10,705,400
+26.5
10,680,000
9,392,900
Chatham.**
729,864
Mansfield
2,017,321
2,578,589
—21.8
1,988,939
1,572,664
}
Sarnia
778,420
2,849,781
2,768,429
2.9
3,145,471
2,171,158
j
Sudbury—..—_—
958,797
1,128.838
+18.7
153,763,183
125,417,907
447,211,505
r 402,188,306
.
Pennsylvania—Pittsburgh
236,674,768
199,386,590
+
,
Total
/Total
(7 cities)—
v.;
586,481,3Q7;r.
'
-468,960,053
:.+
25.1%■
(32 cities)
370,865,703. '.,r'297,915;5.72.:"7: ^^-♦Estimated.*^
+
2.8
4.9
:
■
.
,
540,992
554,522
+ 126.1
244,269
Youngstown
Columbus—
-.it
—
692,499
405,243
313,613
—15.1
1,150,081
960,934
+11.2
358,657,745
213,030,631
+19.2
Volume
7HE COMMERCIAL & FINANCIAL CHRONICLE
Number 4165
157
1236)
(Continued from page
Liabilities— s
1—
stock
Common
14,800,000
% 26,305,709
•——
11,250
preferred stock (par $100)
Long-term debt
Long-term debt
(current)
Accounts payable
—r_
Notes and loans payable———
...
______
_
liability
—~
liabilities
15,281
...—_
B. & O. RR. Co.,
233,850,868 229,271,661
Total
It
have
April
noon,
Period End. Feb. 28—
of
of
& struct.
way
of
it
first
exhaust
to
987.
Jan. 1, 1937,
the sinking
dated
bonds
4%
mortgage
sufficient
$62,403.37
to
157,
5,172,224
454,121
458,338
818,098
861,005
8,502,874
241,588
7,218,271
17,449,071
14,911,691
183,990
662,309
510,367
505,746
1,326,489
expenses
The
corporation
Equipment rents
Jt. facility rents
exemption from provisions of the Investment Company
proposed sale of its entire holding of 114,600 shares of Albert
Pick Co., Inc.,
common stock to Franklin and Maurice Rothschild.
The Commission has dismissed the proceedings.—V. 157, p. 598.
and
as
23—the
second
to
set
L.
Millburn continues
C.
the
was
Executive
as
Morford
Manager;
H, L. Thompson was made
of Wilmington became Secretary to the
Yarnall, Comptroller.
Mr. Yarnall re¬
member of the board and Mr. Jouett was elected in his
a
March
board,
and
15
p.
W.
R.
meeting
General
and
156,
Del., was elected Assistant to
Bellanca, founder of the firm,
M.
General
President
Counsel
Yarnall
Mr.
Mr. Morford was elected Chairman of
Secretary; Mr. Millburn was elected
President, Treasurer and Comptroller.
and
Vice
308.
Bloomingdaie
A
10,136,950
stock, payable April 24 to holders of record April 14.
A similar dis¬
tribution was made on Jan.. 25, last.
Payments in 1942 were as
Jan. 24,
27V2
cents, and April 25, July 25 and Oct. 24,
20
cents
each.—V.
157, p; 861.
The dividend of $1
$9,099,610
/
•6,813,382
•2,952,419
ported
57,123
862,648
261,810
and
company
140,593
139,695
296,801
227,652
$2,915,777
$9,917,656
$5,657,729
461,544
981,893
996,718
$3,377,321 $10,899,549
$6,654,447
*
,
Boeing Airplane Co.—Dividend Date Corrected—
1,495,770
$5,104,288
Dividends—
Inc.—20-Cent
follows:
410,877
$4,608,365 $17,890,487
Bros.,
dividend of 20 cents per share has been declared on the common
342,336
(net)(net)_
G.
the board.
and
directors
the
At
of
James R.
of
signed
place.
Wilmington,
Treasurer.
President
board
3,388,893
,
the SEC for an
Act of 1940 of
to
petition
its
withdrawn
has
10,478,523
4,991,873
$8,976,110
<
March
on
Jouett, Executive Vice President of Higgins Air¬
made President of the corporation and S. Samuel
of
Chairman
Secretary,
.
Petition—•
elected
was
H.
was
attorney
President
1,074,270
General
John
Inc.,
Arsht,
•
.
Corp.—Withdraws
Atlas
r
Colonel
craft,
v
equipment—_
Traffic
amount
an
fund.—V.
in
now
•
1943—2 Mos.—-1942
Transportation
Miscellaneous operations
Ga.,
officers
directors in eight days.
set, elected on March 15 at a meeting of three directors,
gave way to a new slate elected after a proxy fight.
—V.
$26,677,765 $19,559,118 $53,815,923 $39,742,710
2,668,539
1,587,914
5,347,509
3,248,307
revenues—
oper.
of
by the
first
Two Months Ended Feb. 28
1943—Month—1942
-.
p.
order with
They will
expected that delivery will be made on them during November
Maint.
Atlanta,
company has just placed an
Works for 20 Mallet locomotives.
set
new
elected
The
Vice
this
that
Locomotive
A
be
elected
pounds tractive power, the same as other B. & O.
will have considerably
greater
sustained
horsepower,
through the use of a bigger boiler and firebox.
Maint.
trustee,
completed.
Earnings for Month and
1943, receive bids for. the sale to
7,
The total amount of bonds and
will not be available until after
and December of this year.*
Sought—
Bank,
National
Southern
and
o'clock
will be obtained by the Terminal com¬
Bellanca Aircraft Corp.—New Officers—
;
the
•
12
will
but
is
Ry.
Citizens
subsidiary,
'
,
until
a
115,000
obtained
It
The
been
announced
is
Baldwin
Mallets,
stock over par of $336,362
in
1941 and
1942.
tAfter reserves for depreciation, depletion and
amortization, $123,806,665 in 1942 and $117,811,668 in 1941.—V. 157,
p. 987.
'
will
Ltd.,
Co.,
Places Equipment Order—•
the
'•After deducting excess of cost of treasury
Atlanta Laundries, Inc.-^-Tenders
have
deliveries
92,643,137
-
Co. and part
pany through a temporary bank loan.
notes covered by the accepted tenders
11,150,371
96,943,179
•Surplus
Terminal
&
2 Wall street, N. Y. City,
Ohio RR,
&
more
,
3,070
Capital and surplus of minority interests-——
3,385
Reserves
—13,567,129
Transit
Part of the funds necessary
to, buy the bonds and notes covered by the accepted tendef-s will be
advanced to the Terminal company from the treasury of The Balti¬
1,210,898
24,467
68,148
•——146,143
items
Deferred
.
705,000
5,620,276
—
_
current
Other
.
8,351,215
........
—:—782,351
items
Accrued
14,800,000
25,034,849
100,000
9,482,874
880,000
7,283,897
York
New
accept delivery and make settlement for the bonds and notes covered
by accepted tenders between April 5 and 15, 1943, at the office of the
66,599,950
-
Cumulative
Tax
66,599,950
—
_
..The
.
,
1265-
in
the
not
March
April
21
share
per
29
the
capital stock, which was re¬
"Chronicle," is payable April 27
of record April 6, the
the
to
stockholders
See
announces.
issue
on
of
stated,
as
157,
V.
1143.
p.
the
Net
Other
Co.-—Changes in Personnel—
Atlas Powder
f
■
Maynard, Vice President, assumes General Advisory duties on
for all departments including Chemicals, Development,
Engineering and Production according to announcement by President
Leland Lyon.
Mr. Maynard continues as director and member of the
Lyon
1943.
income
becoming effective
changes
other
April
Creighton has been appointed General
J.
Inc.
Weidig has been appointed General Manager of the Cellulose
which includes the Zapon Division manufactur¬
ing Industrial finishes and the Zapon-Keratol Division, making coated
fabrics.
Mr. Weidig formerly President of the Keratol Co., acquired
by Atlas in 1941, has been Assistant General Manager, in charge of
coated fabrics.
He will be located at Stamford, Conn.
E.
H.
of the Cellulose
as Chief of the
Coatings Section of the Chemicals Section, War Production
Bucy becomes Assistant General Manager
Department.
He resigns from his position
Products
Protective
Board.
avail,
Net
230,852
j
460,349
,
Maynard,
will
committee.—V.
157,
'
$5,452,724
1^1 l>
■
Allen
&
$3,106,642 $10,668,697
Excise
Tax
5,147,240
$497,865
$5,521,457
$968,408
American
Co.
shares
such
This
early
$725,859
the
at
action
followed
Automatic Products
670,359
595,322
4,042,000
555,000
—
income
$595,636
taxes—
1143.
March
share
shares of
that
Industries
are
directors to declare
Great
American
liabilities
of
a
"in
late
intention of the board
share out of surplus."
is the
cents
a
1942
All stock tendered for retirement pur¬
suant to the offer to stockholders dated Feb. 1, 1943, will be returned
ments will not
the
have
first
been
interest.
mortgage
called
be
paid April 5.
40-year 5 %>
gold
had been offered the
privilege to tender his capital stock at any time on or before March
1 to the company for retirement at $2,875 a share,
if he elected to
sell his stock rather than receive the special dividend of 50 cents a
share.—V. 157, p. 599.
Products Corp.
Automatic
of
this
Aviation
George E.
Statement
of
for
Income
Calendar
-v./:.'-
Rail operations—expenses
(Del.)—New
Corp.
of Washington,
Allen,
Vice-President
of
the
Director—
Co.
Insurance
and
a
a
director.
director
Years
25 cents per share has been declared on the common
payable April 30 to holders of record April 15.
Payments last
follows: April 30, 50 cents; July 31 and Oct. 31, 25 cents
and Dec. 21, 50 cents.—V. 156, p. 2094.
tax
4,468,470
3,852,757
system
the
secured
invitation
tenders of
price
of
The
some
which
obligations,
issued
on
March
on
Feb.
of each of the
25,
18
that of
stated
25
the
company
1943,
the
the
$1,100,883
274,057
50,940
$1,589,530
$1,425,881
20,988
maximum
of
(Dr).
Other deductions from gross income—
7,124
Fixed
Net
718,309
income
:
748,254
$843,109
General
Balance
Sheet, Dec.
in
equipment,
road,
Cash
Traffic
and
!$38,541,907
service
from
(net)
balances
accounts
Material
dent
77,933
;
38,172
976,063
—
&
Ohio
First
mortgage
First mortgage
(2)
(3)
Southwestern
(4)
Pittsburgh,
(6)
(7)
(8)
(9)
(10)
(11)
Refunding
Refunding
Refunding
Refunding
Prices
Co.—
4s,
1948—
Division
E.
&
(12)
5s, 1950——
West Va. System
(14)
--
5,106
509
568
412,845
Net
L.
Premium
stock
common
on
————
—
—
matured
and
wages payable
payable
(contra)
unpaid (contra)
—
unpaid
matured
$3,828,000
7,089,600
7,089,600
653,882
——
—
grants
accounts
Audited
Accrued
;
—
—
liability-
149,109
16,643,000
187,111
19,891
325,202
1,655
1963
liabilities
653,882
—.—
—
and
prop,
—
Corp.,
.(18)
Oct.
common
and Dec.
5
stock,
16,
last
Light & Power Co., Ltd.—Earnings
from
1943—Month—1942
'
1943—2 Mos.—1942
$3,522,556
$7,955,719
1,783,020
1,681,832
3,597,570
$2,135,103
$1,840,724
$4,358,149
■
$7,248,068
/ 3,424,155
(before
$3,823,913
861.
157, p.
Corp.—New Official— 1
to the President of the American Bosch
has been elected as Operational Vice Presl-t
Assistant
Dow,
1047.
t
-
corporation,
not
be
to
an
which
operates
investment
Act of 1940.—V.
pany
an
Investment Co.—
General Motors Building at
was declared March 25 by the
subject to the Investment Com-;
the
company
143, p. 1037.
(E. L.) Bruce & Co. (& Subs.)—Earnings—
1,686
1942
1941
1940
1939
$7,505,637
$6,893,153
$5,057,100
$4,297,485
3,441,933
6 Mos. End. Dec. 31—
Sales to customers
(net)
5,867,949
5,144.050
4.042,659
—
$1,637,688
$1,749,103
$1,014,441
„_
642,953
678,087
550,471
/V $994,735
profit
Miscellaneous charges94,338
$1,071,015
$463,969
Cost
of
34,577
sales
4,529,132
—
profit
Operating
on
&
March
Sour
railway.
railway
oper. income
January 1—
—
from
railway——
Net from railway—;
V.
70
70
ry.
oper.
408.859
declared
Operating
.
70
income—
&
•
140,621
104,319
111,816
$359,650
income-
118,660
104,765
77,519
bef. inc. tax_
$1,019,057
$1,035,160
$437,170
$28$,813
Miscellaneous
Prov.
Fed.
for
"*
rS'U
1,610,996
739,889
44,898
directors
have
declared
Divs.
on
1942
$525,512
294,894
-211,838
1941
1940
$263,396
$274,668
114,042
52,956
71,008
522,483
551,318
224,797
272,069
102,244
148,331
dividend
of
$1.75
per
share on
the
stock
Note—Common
in
5&331
52,876
48,108
„
.
.
$1.30
$2.10
1
oT OO (M O
$223",993
fIncludes Federal excess profits taxes.
dividends
($0.50
per
share)
amounted
to
$65,000
1942.
:
Consolidated
Assets—Cash
(tax
series),
Balance Sheet,
in banks and on hand,
$200,000;
customers'
Dec. 31,
1942
$937,479; U. S. Treasury notes,
notes
receivable
(less
reserve
of
$10,285; customers' accounts receivable (less reserves), $1,645,159; notes and accoynts receivable, $58,910; sundry accounts re¬
ceivable, $17,120; advances on logs and ties, $40,125; consignments in
hands
of
agents, $2,200;
inventories, $1,984,297; prepaid expenses,
$1,300),
$267,246;
accounts
balance due from officers and employees, $1,910; notes and
(not current), net, $526,822; investments, $112,896;
receivable
timber and timber rights
(depleted values), $168,518;land (timberedand
$108,520; townsite, Bruce, Miss., $10,232; property, plant
(less reserve for depreciation of $3,011,693). $1,730,922;
patents (less amortization of $3,562), $923; total, $7,823,565,
cut
and equipment
stock, par $100, payable March 31 to holders of record March
year were as follows: March 31, $2; June 30 and
Sept. 30, $1.75 each, and Dec. 31, $1.—V. 157, p. 1143.
7
$2.80
m
111,200
$325,970
..
•
shares,
130,000
134,699
1,027,321
559,016
395,387
+622,600
$412,560
$1.22
pfd. stock——
per share of
31.
Payments last
f815,300
$203,756
44,838
•Earnings
•On
Pa.—To Pay $1.75 Dividend—
a
State
&
taxes
income
Net
Western Ry.—Earnings—
1943
;
$828,123
369,059
25,834
Bell Telephone Co. of
-v.
-L:.;
$mi92
63,621
common
...
-r
$332,008
$930,395
$900,397
„
the usual quarterly
157, p. 987.
The
523,544
,'V-'
5,743,165
Paper Co., Ltd.—No Extra Div.—
22
Lake
from
ry.
58
68.4511
Power
from
From
70
57.8242
expenses
$855,552'
127
4,801,585
408,885
Gross
1143.
directors
Net
46
.70.0000
6,
21,669
6,653,801
through inc. and surplus.—
February—
Net
...
July
Broadway and 58th Street, N. Y. City,
SEC
cents
Gross
68
68.3237
1998—
April 6,
on
Broadway & 58th St. Corp.—Not
328,890
$41,411,055 $40,910,655
157, p.
Beaumont
Cleveland Terminal & Valley RR. first
4s,
Allegheny & Western Ry. first 4s,
director, Vice-Presi¬
a
$3,918,123
K.
common
68
70.0000
1995
as
1047.
share has been declared on the
per
made
Springfield, Mass.,
income
88
45.3946
_
continue
oper.
p.
dent.—V.
5,750
326,345
125
————
balance———
loss
—
—
—
Total
»V.
Gross
—
will
157, p.
Brewster Aeronautical
196,650
dividend of
per share on the class A common stock, no par value/pay¬
able June 1 to holders of record April 30.
During 1941, extras of 25
cents each were paid on June 1 and Dec. 1.—V. 156, p. 1322.
50
66.3077
———
$591,150
149,324
7,617
.
—*
Unadjusted credits
Bathurst
55
50
68.0000
Indianapolis & Western RR.
first 5s, 1965
West Virginia & Pittsburgh RR. first
4s,
of .$5
were
earnings
157,
Walter
17,593.000
594,443
47,149
—
—
liabilities—
current
Deferred
accrued———
interest
tax
Net
;
Wheeler
Mr.
deprec. and amort.)
—V.
The
$3,828,000
————
__—
Long-term debt
25
59
50
86.2587
—
768,884 V
741,810
$1,189,381
expenses—
earns,
Operating
Net inc.
64
57.6969
46.8123
50.7108
46.5479
46.5583
—.
388,562
$367,868
payable April 5 to holders of record April 1.. Distributions
each
289,889
stock
preferred
convertible
cumulative
Governmental
76
75
58
63.0883
4s, 1959—
and general A 5s, 1995
and general C 6s, 1995—„
and general D 5s, 2000——
—
Maximum
Prices
74.0360
73.0678
55.3793
Cincinnati
1990
(17)
371,710
$596,244
Cole.
A.
dividend
$10
Gross
Liabilities—
The
Ohio & Little Kanawha RR. first 5s, 1950
Buffalo Rochester & Pittsburgh Ry. cons.
4V2s, 1957
;
Buffalo & Susquehanna RR. Corp. first 4s,
(13)
(16)
i
.
—-
223,547;
$1,360,034.
(rentals,
income
Profit
1948——
and general F 5s, 1996
Secured 4% notes, 1944——
Lincoln Park & Charlotte RR. Co. first 5s,
1949
(15)
L.
RR.
5s,
215,702
$1,931,191
year.
75
—
V
97,916
$756,430
etc.)
par $1,000,
$41,411,055 $40,910,655
Profit
4s, 1951
Toledo-Cincinnati Division
(5)
91,366
$967,954
income
Boylston Market Association—Smaller Distribution—
954,882
80
5,555
—
assets
$1,136,487
107,994
—
Unadjusted debits
$1,715,489
and General Counsel.—V.
A
207,202
115,503
—
_
21,615
$658,514
The company on March 18 announced the appointment of Edward W.
Wheeler of Brunswick, Me., as General Counsel to succeed the late
129
65,897
—
supplies
and
receivable
57,511
341.197
55
.
agents and conductors—
Miscellaneous
423,531
347,342
.
receivable
car
receiv.
bal.
(contra)—
bills
11,141
$876,588
Brazilian Traction,
932,054
deposits
and
925,767
573,539
23,109
—
Period End. Feb. 28—
$38,477,219
etc
534,434
New Officials—
t
1941
.
Loans
the
issues of
Average
Baltimore
(1)
(Dr)
income.
deducts,
Net
31
1942
Investment
$2,657,398
1,476,238
281,105
1.87
—
Assets—
Net
$653,725
2.17
„.
charges, times earned
$3,783,672
499,004
303,094
—
income
Total
of
Fixed
$1,449,764
752,880
1
oper.
ry.
$5,210,235 $13,185,881 $10,405,003
9,402,209
7,747,605
3,760,471
$1,955,671
(Dri
rents
1943—2 Mos%~1942
1943—Month—1942
$6,543,842
4,588,171
..
rents
facil.
Total
$1,401,979
charges
Other
different
6,788
$27,491
RR.—Earnings-
„_
revenues
..
Joint
6,277
$1,561,419
received pursuant to
had accepted
overall average
company
the
8,742
»
issues tendered, at an
prices
324,165
99,497
99,497
& Maine
oper.
William
income
Gross
Additions to
and
312,082
.
17,624
(Cr).
Equipment and joint facility rents
Unmatured
tenders of
59.1964.
average
3,761
236,063
988.
p.
Equipment
bonds and notes covered by accepted tenders are:
The
———1
expenses
Net
711,978
income
Dividends
Baltimore & Ohio RR.—Tenders Averaged—
White
117,578
■
255,354
$1,812,861
52,070
Equipment and joint facility rents
Interest
B.
251,978
$88,974
Operating
Other
274,524
—
Miscellaneous accounts
Maryland.—V. 149, p. 2073.
R.
accruals—
rentals.
1941
$2,301,317
,•
_
operations—.
railway
accruals
Common stock
were as
President
1,613,573
j.
157,
1942
$2,428,918
of
dividend of
each;
32,239,000
March
ended
2,001,815
——__v
items
,
revenues
$5,665,618
$1,262,936
Railway
5%
A
Edison
the
was
week
profit
Net
1,038,381
—
from
revenue
Deferred
been elected
D. C., has
Home
to
1943,
the
3,761
period End. Feb. 28-
&
1942
.
Other current assets
Babcock & Wilcox Co.—25-Cent Dividend—
Stock,
-V.
tax
line
bonds—
interest,
Net
Damage Corporation and of numerous insurance corporations.
157, p. 987.
'
year
Net
at
Bank
$6,769,787
—_
the War
—V.
due
1943,
City of Baltimore,
Interest receivable accrued—
is
on
Taxes
Y.
owned by the
is
company
operations—revenue
,
,
He
bonds
redemption as of May 1,
be made at the Chemical
165 Broadway, New York, N.
property
Special
thereof."
holders
stockholder of
27,
1943
$3,022,204
municipal
transit
Operating
for
will
Payment
Comparative
Industries, Inc., pursuant to agreement dated Nov. 28, 1942, the
dividend
of 50 cents
referred to in previous announce¬
Any
outstanding
1946,
Co.,
Rail
conditional
•
and
rapid
Dividends
Telephone
in
acquired the option to buy 138,000 shares, not quite 15% of the total
outstanding shares.
'
'
■
The. notice by the. New York Curb Exchange on March 29 said:
"Since Allen & Co. has not purchased and paid for either the stock
of Connecticut Telephone & Electric Corp. or the stock of Great Amer¬
ican
the
of
1,
and
Other
acquired all assets and assumed the
& Electric Corp. and Ward Laand on Nov. 28, 1942 Allen & Co.
Inc.
Industries
Corp.
138,000
the
event
of, it
of 50
Connecticut
Truck
the
disposed
dividend
reported
for
leased roads
Interest
Large Order—
Great
added
advice
American
France
All
the above
declared some time
The
State
for
and
Bangor & Aroostook RR.—Annual Report—
option the conditional dividend of 50 cents a
ago would not be paid on April 5.
Co.
&
as
March
kwh.
L_.
receipts
as
29,
Allen
ended
operating expenses—™"1
Rent
Baltimore County Water & Electric Co. of Baltimore
Exercised—
a
routine measure
at
the opening
of business on
advising that since payment had not been received under
Exchange
company
Boston Elevated Ry.—Earnings—
Total
Miscellaneous
County—Bonds Called for Redemption—
Trust
of a notice to stockholders of
made public by the New York Curb
26,
this
week
29,297,000
preceding week output was 33,361,000 kwh., an increase of
the corresponding week last year.—V. 157, p. 1143.
Boston
mailing
the
March
on
of
the
with
Se^ Baltimore & Ohio RR. Co., below.—V. 156, p. 2188.
executive
corporation that it
of Great
pay for
agreed price before the option expires on April l.
over
Subway
Baldwin Locomotive Works—Receives
The
last week notified
the
For
Federal,
a/c Railroad Retirement Act—
Railroad Unemployment Insurance
157, p.
compared
Month of February—
Act
Federal
—V.
output
Institute for
as
28, 1942, an increase of 10.0%.
5,225,690
$2,883,623
_
tax
a/c
Co.—Output Up 10%—
$6,194,098
2,608,777
•Railway tax accruals include:
110
to exercise its option to purchase 138,000 shares
Industries, Inc., owned by Automatic and would
proposed
system
kwh.,
Total
President
688.
p.
Automatic Products Corp.—Option
the
Net
Electric
11.4%
fixed
for
income
May
,
Chief Engineer formerly reporting to Vice
now
report directly to the President and
W. Hanson,
J.
to
270,679
K.
•
of
111,347
:
charges
.
Products Department,
1
from
2,569,101
announced
also
Manager of the Indus¬
trial Chemicals Department including Polyalcohols Division and Darco
Corp.
He will also have charge of research and development including
post-war planning.
Mr. Creighton has been General Manager of the
Cellulose Products Department for the past eight years.
He will be
located at the company's general offices, Wilmington, Del.
M.
'
deducts,
committee.
Mr.
J,
$5,564,071
^412
Boston Edison
policies
executive
1,
459,783
income
Miscell.
W.
E.
broad
income
Total
•
income.;
oper.
ry.
over),
THE COMMERCIAL & FINANCIAL CHRONICLE
1266
loan notes,
Liabilities—Term
$150,000; accounts
clue within one year,
Canadian Tube &
payable, $446,598; stockholders', officers' and employees' credit balances,
$59,137; security deposits from terminix licenses, $7,591; accrued lia¬
and State income taxes and
term loan notes, deferred,
of cut over land, $115,490;
reserve for accident insurance,
$36,515; 7 % cumulative preferred stock
t$100 par), $1,198,100; 3Va%•• cumulative preferred stock ($100 par),
$350,650; common stock t$5 par), $650,000; paid-in surplus, $1,293,290;
bilities,
provision
$178,907;
Federal
profits
excess.
unearned
$262,500;
earned
surplus,
See
Federal
for
$7,823,565.—V,
total,
$1,659,380;
156,
1738.
p.
The
Federal
and
yarns
acetate
are
which
The
f'
,
holders of its first mortgage 3%%
bonds,
ser.es A,
due Nov. 1, 1965, issued under mortgage dated as of Nov. 1,
1940, that $29,000 principal amount of the bonds have been drawn
by lot for redemption on May 1, 1943 out of moneys in the sinking
is notifying
company
redemption date.
The bonds drawn for redemption will be paid at the office of J. P.
Morgan & Co. Incorporated, trustee, 23 Wall St., N. Y. C., on or after
May 1, 1943, after which date interest on the drawn bonds will cease.
—V. 155, p. 1404.
*
•
fund,
106%
at
accrued
and
to
interest
the
1943
$219,313
87,643
February—
from
Gross
Net
from
Net
ry.
railway____
railway-——,-
oper. income
January l—
From
railway
railway
from
440,152
159,308
93,472
Net ry. oper, income—
♦Deficit.—V. 157, p. 862.
Brothers,
directors
distribution
Dec.
complaint,
in
226,414
*6,659
26,937
Chicago—15-Cent Dividend—
declared
made
A special
1
2,
dividend
157,
of
15
holders of
to
March
on
last year.—V.
2,
dividend
a
record
last,
and
15
cents
of
cents
share on the
per
May 5.
March
on
2,
share
per
similar
A
and
1
June
that
it
also
was
paid
announced
the
directors
The
7%
cumui.
have
described
April
16.
stock,
This
and: unpaid dividends
dividend
a
$100,
par
payment
due Nov.
of
$1.7938
payable
the
represents
1, 1942,
1
to
accumulated
of
sum
together with $0.0438 accrued
The
company
above
stock,
on
April 1 paid
which
thereon
Cambria
at
or
by
1942
1941
1940
$161,598
$157,241
$136,328
60,827
72,293
69,805
93,030
102,718
37,136
from
...
56,383
332,656
332,982
330,997
108,608
155,354
154,810
149,503
203,667
from
Total
Ltd.
(&
*
1943
Provision
income
receivable
and
syndicate
and
tificates.
tion
profits
$130,000;
tax,
equipment,
other investments,
(less
voting
1,
1946,
$768,045;
no
sharesi,
par
5Va%
$106,007
$860,184;
accounts
and
$12,917,883.
accrued
and
4%,
41/a%,
,
liabilities,
5%
series
the
interest
stock
common
$1,772,007;
total, $12,917,883.—V. 157,
have
and J.
elected to
been
C.
the
as
Net
ry.
p.
From
Net
par
all
Net
ry.
1943
1942
$258,000
*11,164
50,529
income—
*59,417
$1,841,-
-
*58,021
*54,791
*58,471
99,408
25,045
*928
income—
*154,918
*63,648
*91,804
*116,540
157, p. 862.
revenues
—
—
revenue
157,
1943—2 Mos.—1942
$30,329,000 $24,950,000 $59,607,000
25,206,390
21,305,560
50,011,676
$50,917,000
42,115,448
Int.
John W.
Oil
$3,644,440
$9,595,324
$8,801,552
Cos., Ltd.—New Director—
McKee has
been elected
Canadian Pacific
February—
Gross
Net
Net
from
from
ry.
<
Lines
income-—
oper.
a
in
Net
Net
ry.
—V.
Net
156,
p,
ry.
1942
1941
$351,492
154,327
138,459
Net
Net
from
ry.
From
Gross
ry.
From
Net
the
is
Tr,a/f* earnin?S
—V.
157,
p.
1941
*44.817
*34,719
,
*8,672
*11,129
*64,379
*36,441
*37,375
211,365
210,318
1941
1940
499,173
320,520
209,452
6,298,333
5,942,221
2,376,163
1,775,456
1,484,097
751,296
500,608
■
■
•
petition
a
for
interest
an
,,
payment
the
Agreement
tax
the
on
1942
of
dispute
been
appeal
an
Central
Jersey
and
the
Chancery Court
deal
would
State
of
acceptable
to
the
terms.
prtftective
road
157, p.
by Central of New Jersey.—V.
The
.in
of
if
a
per
share
6%
amounts
Arrearages
the
and
7%
A
the
on
the 6%
on
the
on
paid
were
at
as
stock,
A
preferred
B
6%
6%
if
operated
$53
37%
9%
during
1942
and
to
on
Cespedes
ment
*45,375
*4,267
*108,033%
*16,653
*59,902
*70,284
V
on
The
company
currency
$5,152,000
$4,579,000
is
on
Co.,
holders
certificates
of Aug. 31,
of
1932)
each
The
the
of
to June
bonds
Make
to
30,
a
Pay¬
of first mortgage 7% % sinking
deposit therefor (issued under
that $100,834.20 in United States
1942, being $20.75 for each
payment
on
account
of
$1,000
principal
of
principal amount of bonds.
deposit was made in compliance
its
of
Cuba
bondholders.
relating, to
the
character,
to
has
commodity
which
does
not
de¬
on
the
or
Traffic
complications presently
of
war
conditions,
the
New
moved
affecting
the
England
the
over
shift
and
company's
have
largely
for
all-rail
in
New
lines
to
removed
and
age,
during
ballast
the
and
coastwise
New England
haul.is much
The rail
grades.
They require
they have placed an addi¬
that
is
the
represented
hills
and
by
the
handling
,
adds,
Newton
Mr.
war
out
wear
they
emergency
it
.1
with
are
rate.
enormous
an
submarine
steep
And
equipment
engines.
the
now
York
New
routes.
have
routes
But
method.
coal
our
and
be
can
of
down
grinds it up.
Traffic
the highest in the country
and
Ohio, among
earlier
pressed
freight
by
service
into
carried
record
1941
the
by
13.3%,
is
hauling
Chesapeake
and
exceeded
men
Ohio
&
the
and
in
average
33.5%.
by
years
011
of heavier
normal
"The Fat of Its Hump"
traffic
and
repairs,
it
that
.
.
normally
would
be
expended for
repairs .to equipment,
possible for the Chesapeake & Ohio to make them,
were,
the
cannot,
existing tax law,
for
spent
normal
81%
maintenance,
must
be
paid
out
in
',
.
for the whole
railroad industry in the post-war period, he mentions the
inability
of the roads to set up reserves from earnings, under the present tax
law, and the fact that certain groups see in; the prospect ahead an
opportunity to "socialize" the railroads.
This opportunity, he says,
Turning
to
be
that
conditions
realized
after
forecast serious problems
the
war
the
when,
managements
of
many
to Washington asking for funds. '
:%% ;-,C
opportunity know that large scale invest¬
ment
of
public funds raised
through taxation is the only logical
alternative to allowing the railroads themselves to accumulate prudent
and reasonable reserves for post-war rehabilitation.
And rehabilitating
would
be
forced to go
.
desire- this
the railroads with public
funds means control by Government bureaus."
Control
by
Government Bureaus
>
,
of
do
our
this
not
to carry
believe
railroads.
letter,
by
We
the
.do
American
not
public
believe
it
is
desires Government control
wanted
by
you
who- read
depend on our great railway systems
to market, by the mining operators, manufacturers,
the farmers who
their crops
wholesalers
and
retailers whose
businesses have grown
up
and
thrived
along our lines, by the brotherhoods, who comprise our labor, or by
the traveling citizen.
The railroads have always been the veins and
arteries of our
free, economy, ..and the arch examples- of American
enterprise.
Aside
$29.89%
holders,
with the provisions of
obligations of a sugar com¬
the railroads with public funds means
Mr. Newton concludes:. >%••'■%<
%
Asserting that rehabilitating
control by Government bureaus,
principal
$1,000
above
Constitution
pany
and
he
Ohio
a
pre¬
has been deposited with the Irving Trust Co. in trust for its
This amount represents interest at 1% per annum from
1940,
4,
railroads,
&
coal,
is substantially greater now.
share
7%
preferred stock, par $100;
C stocks.—V. 157, p. 7. r '
Cuba—To
of
to
locomotives.
on
pounds
the
"Those .who
pep
Account of Principal and Interest—
notifying
and
as
Havana,
at
miles
substance."
"would
$25."
per
the
Ohio
"it means that your railroad, like the camel on a journey
desert, is living on the fat of its own hump.
It is consuming its
a
roads
cents
par
bondholders.
for
1942
bonds
gold
amount
1943
Bonds
agreement dated
June
Ry.—Earnings—
Sugar
for most
and
Chesapeake
deposits
taxes.
1941.
$60.37%
$15.41239
the Chesapeake &
emergency
and how
wartime burdens and to
war
of
pulling our coal over the
tidewater." '• x
'
'
to
that
period
currently
it
on
cents
stocks,
6%
preferred B and
and
C
$100;
the
$25;
par
$100;
amounted
par
on
par
preferred
quarter
1943,
1,
stock,
A
stock,
and
each
stock,
$25;
par
the
on
in
Jan.
preferred
$13,155
7%
preferred B
preferred
rail¬
be put aside as a reserve with which to
.repair it after the war, or to take care of deferred maintenance, of
roadway, Mr. Newton points out.
Of this money which cannot be
directors recently declared the following dividends,
on
account
accumulations, all payable March 31 to holders of record March 16:
cents per share on the 7% preferred A stock, par
$100; 10.937
share
six
and of more intensive use of right
equipment, materials and labor are unavail¬
Mr. Newton asserts.
Currently, only those
are
being made that are absolutely essential to immediate
Although this condition has not interfered with safety of
for
under
43 %
cents
the
these
locomotives,
way,
own
The
of
this
Money
of
committee
now
result
the Chesapeake &
five
repairs
1048.
is
a
destined
economical
more
traffic
Ton
service.
is
be
railroads
Exchange,
operation,
within
case
tax
reasonable
on
.
on
the
able
-
made
well
the
the
in
of the
formerly
Living
commenting on the proposal of Hugh M. Kelleher, a
large stockholders of the Lehigh Coal & Navigation Co., that Lehigh &
Susquehanna RR. be sold to the Central of New Jersey, said that
be
of
finest
demands
ties, cars
than with
exceeded
In
by
Brooks,
a
I
only
com¬
expected to prolong the litigation.
liability has hampered presentation
reorganization plan, according to Mr. Brooks.
the
on
how
shock
Tidewater
difficult
tear
postponed
reached
was
explained, because the road's tax liability
between
class
and
courts,
Passenger- miles topped 1941 by
120.13% and topped the average of the five earlier years by 243,4%.
The effect of such traffic on the condition of the railroad's property
has, of necessity, been a secondary consideration."
.
,
bondholders'
the
postponement
A decision is expected in the
but
of
"consumed"
goods.
bonds' of the
on
has
22
37
the New York Stock
access
of
as
and
by
and
"Everything
Hearing Postponed—
on
when
the
one
coal,
shipping
between
and
density
335,937
>
Ohio,
service,
and
"Volume
1,514,900
327,011"
its
.
in pre-war years,
•,
reduce
to
on
corporations
and
as
most
easier grades
being
*54,742
7,739,938
ovqr
$26,800,000
pay
the period.
diversified
which
Many
use -rather
$2,670,542
757,640
9,682,326
,
enormously
to
addition,
in
the
continued
its
delivered
wear
Rails
V
announced.
month,
fund
by
Jersey—Earnings-
371,313
income
bear
largest
&
of
trains
tional
income.._
Uncertainty
$99,250
217,827
———
shorter
989.
1940
$96,904
80,718
1144.
longer.
*11,823
and
from
be
must
"We
1942
209,166
Week Ended March 21—
251,971
338,662
New Jersey.
on
Canadian Pacific
626,314
441,943
interested parties, it was
due to pending
242,212
*70,680
ry. oper. income—
*139,611
♦Deficit.—V. 157, p. 862.
749,057
1,324,775
oper.
in
years,
evidencing
the coming
to
mentions
markets,
1,996,123
railway.—
railway—
able
was
and,
as
highly
menace
$3,046,940
oqr
not be
so
it not for the further fact that the Chesapeake & Ohio
its own and on connecting lines, a great coal con¬
Newport News.
"This was the
litigation in New Jersey.
One case in
Chancery Court involves the constitutionality of the railroad tax legis¬
lation.
A second action is
pending before the Third Circut Court of
Appeals and concerns the compromise approved by the Federal District
a
on
112.379
uncertain
240,597
$99,543
were
movement
income—
1942
more
industrial
world's
Chesapeake
York,
1.177,113
net
of
period should be less difficult for the Chesapeake &
the
market,
vessels
$3,878,061
1,010,392
or
Shift
*17,012
1943
Ohio
difficulties
throughout
cites
most
Newton
2,618,301
$4,767,604
Increased
taxes
&
stock
pend, for example, 011 the prosperity of the steel industry,
number of ships that coal at Hampton Roads,
railway—
on
one
their
against
of
right
193,003
company which was to have been held March
for 90 days, Eugene S. Brooks, Chairman of
353,606
$93,664
for
the
3,090,492
hearing
253,634
Vermont—Earnings—
of
288,102
Interest
income—
Net
because
3,722,551
""Deficit.
A
he
transition
than
723,692
p.
records
revenues
costs,
year
suming
$1,284,867
;
I
,
also, expect,
is prepared now
5,584,314
157,
previous
any
162,705
.
January 1—
ry.
Like
January 1—
from
341,958
from
Net
per
600.
facts
buttressed
railway..—
from
in
$978,633
$1,548,161
432,727
in
previous
"Operating
increased
greatly
than
greater
common
all
broke
stockholders.
despite
Chesapeake
its
yearly
it
serves,
1940
$1,858,282
&
52.5,
class
>
501.606
1941
1,077,165
and,
stocks, out of 62 listed
the
$2,845,002
all
"needed in reconstruction and in peace as well as in war."
Even
this
natural
resource,
Mr.
Newton
adds, would
Ry.—Earnings—
income—
oper.
Net
324,966
income
These
That
$1,642,944
:.
of
ratio
^
Traffic
expect,
the
tells
were
would
from
the
1942
Chesapeake
for
average
,
the
deficits
relief
railway.—
oper.
from
339,1.94
railway
railway
$807,469
1943
February—
from railway.—
446,994
oper.
$113,148
Georgia
Gross
357,957
from
——-
an
debt
difference
railway—_
1943
501,606
___
Central RR. of New
share
railway
railway..—_
of
railway—
railway
from
102,501
from
$1,309,075
41.800
,
with
Newton
says,
686,708
41,800
economy
of the
its
1942
operating
High
would
you
high
989.
p.
January 1—
ry.
740,845
in
% 712,242
stock—
♦Deficit.—V.
1940
$373,406
176,126
Lines
59,814
$154,948
and
cites
.
on
Ohio
$2,329,652
59,485
was
with the dislocations and problems foreshudowed for the railroad
industry in the. coming post-war transition back to peace time economy.
908,400
616,427'
$2,021,318
times
stock¬
to
result
cope
1,476,000
$214,762
as
taxes
so,
dividends
1,160,198
801,400
1,228,200
letter
The
1941
contrasts
Newton
you
well
4,086,675
v
as
Even
dividends
was
$135,896
deducs.
before
common
'
1943—12 Mos.—1942
___
the
1941
was
report
all-time
road
1,536,000
1,175,819
than -2%
more
in
report.:
figure by $11,786,307, although
by $34,123,554.
Taxes for 1941
$30,319,548 less than the tax figure
of
efficiency
which
,
sought
,
4,377,419
$195,381
______
which
the
were
relates
annual
by $9,000,000,"
depicts in. his letter the strength of the Chesapeake &
Ohio, the continued stability of its earnings and its unbroken dividend
record, sustained even through the 13-year period, since 1929, when,
he said, some of the finest industrial companies were
incurring sub¬
$0.37
128.000
of
that
the
history.
funded
taxes
395,710
Newton
company's
short
the
Mr.
an
"But,
283,932'
Mr.
the
fell
1942,
year
at
1941.
128,000
,
1941,
in
1936,
traffic,"
in
638,410
profits
excess
•-
61.6.
earnings
$1,022,404 $11,140,156 $10,577,353
$94,096
from
Net
109,698
February—
since
of
were
Co.—Earnings—
404,932
__
pref.
oper.
From
ferred
Gross
for
$278,291
'
,
to
fi¬
the
excess
■
exceeded
paid
$1,092,538
__
income
stantial
and
income
in
were
$19,678,804,
."The
;
.
Central States Electric Co.—Accumulated Dividends—
$393,685
141,227
J
638,410
$0.37
an
became
All-Time
489,446
$275,575
informatively
aggregating $49,998,352,
operations,
roads
1942
762,656
—
1943—Month—1942
from
Gross
lease
1602.
s
Pacific
31
364,225
other
from
Net,
795,781
Canadian
taxes
—.
February—
141,932
862,
Jan.
and
1941.'
1942,
reflecting
lowest
$767,737
___
income
Gross
914,097
p.
Ended
$1,038,231
\?;:V
Railway—Annual Report—In
report to stockholders, designed
1942.
As
Mr.
858,689
oper.
157,
Months
earnings
shares——
...
income
157,
railway*—
from
from
director.—V.
188,103
From January 1—
Gross
totaled
common
1943
taxes,.profits taxes-
on
—V.
Maine—Earnings—
1943
.
of
67,230
...
time operations, Carl E." Newton, President
a record total income of $188,-
1942
income
for
but
trustees,
shares
150,000
—:
Amort, of pref. stk. exp.
could
$439,407
.
railway-*—
railway——
Three
net
total
applica¬
upon
voting
140,891
Ohio
graphically
embodied
important
such
Canadian
net
expenses
and
Net
Mr.
$5,122,610
1144.
p.
for
profits
excess
amortization
exc.
Court
Ry.—Earnings—
1943—Month—1942
expenses
and
revenue
mittee,
282,256
Operating
—V.
*33,910
3,819
267,497
Operating
Earnings
they
•that
one
1940
491,500
Canadian National
exceed
income
Fed.
$133,985
1,996
277,400
Period End. Feb. 28—
Net
.
1941
$133,156
'
railway—
railway——
oper.
to
the
computed under the 1942 Revenue Act.—V. 157, p. 518.
Net
$172,200
♦Deficit.—V.
of
27,774
448,527
127,641
.
converted, after expenses and
profit taxes, into a net in¬
$33,153,437, which is some 26% under the net
for
holders
Ohio
be deposited
may
consent
charges and provision for
Federal
shares),
no
January 1—
from
not
are
taxes
(163,200
surplus,
(675,195
distributable
—
from
Gross
the
128,987
:
such
purchase
common
with
Central Illinois Light
company,
600.
railway—__
railway
oper.
who
215.531
156,767
income and
for
.Taxes
;
common
due
both Operating Vice-Presidents,
board of directors.—V, 153, p. 238.
from
from
and
Period End. Feb. 28—
due
debentures
subsidiary
in
Fed¬
debentures
MacFarlane,
February—
Gross
common
income
♦After
Canadian National Lines in New England—Earnings-r—
Net
others
283,669
annual
war
of
come
stock to deposit
stock thereunder and receive voting trust cer¬
certificate
Outstanding
Gross
Turner
all
to
63,773
520,774
217,309 '
March 30, tells how
Federal
stock.
common
59,183
588,841:
'..cy:
more
ing from
on
the
Earnings per share,—
Canadian General Electric Co., Ltd.—New Directors—
M.
the
157,
%%'<
advanced, the company said,
Quarters Ended January 31—
before taxes—
Net
H.
and
which
manufactured.—V.
are
portray
58,147
nancial status of the
company, as well as problems aris¬
voting trust for the common stock of
opportunity will be afforded to the members of
an
holder
trust
Net
,
$467,468;
B
fund
sinking
A
minority
surplus,
bills
charges, $83,782; land, buildings, plant
depreciation of $3,023,874), $7,505,-
series
$3,887,843;
capital
from
Commission,
determination
cumulative sinking fund convertible preference stock
$1,026,214;
984;
to
accounts), $225,702; inventories,
$54,438;
refundable portion
of excess
payable
$600,000;
properly
are
the
■
Stock.
Sheet, Jan. 31, 1.943
$839,290; total,
taxes, $1,779,321;
$775,000;
subject
rates
for
reserve
Liabilities—Accounts
1943-1951,
6,093
doubtful
deferred
and
income
182,000
7,136
$156,583
investments,
expenses,
264;
materials
fabrics
was
Additional shares of
of
Central
Balance
for
reserve
prepaid
stock
new
Balance
income tax
$135,170;
(less
of
illustrated
of
331,886 for
syndicate has formed
Divs.
385,500
—J
$3,085,053;
of the
and
they
ruling
78,149
-
$215,278
••
' v'«"»
■'
•
•
/%,- 1940
104,239
687,694
862.
p.
Chesapeake &
<
(2-5112)
22,832
_
at prevailing
profits.
Assets—Cash,
actually
any
•
99,102
*
,
income—
oper.
157,.
•
*
not
are
ruling
"current"
a
ry.
.—V.
Corp.—Registers With SEC— ^
company,
130,872
re¬
/
Consolidated
April
taxes, less
1943
profits
standard
$447,804
22,024
135,548
interests
♦Calculated
eral
$706,792
—
Dominion
because
yarns
"Celanese"
as
for
7,445
depreciation—
portion
because
but
such
plan to issue
Gross
____
for
fundable
Net
6,604
—
Minority
of
1942
$440,360
__
for
but
when
General
$700,188
-
Interest
Provision
designated
of
which
Operating
Deprec. &
Subs.)—Earnings—
—
income
products referred to
so
registration statement
Gross
operation
income
the
certificates for 150,000 shares of
223,829
Quarters Ended Jan. 31—
Other
Net
this
to
what
156,696
67,875
Canadian Breweries
Profits
refers
in lieu
negotiations, which failed, by the same group to buy some
such large
block of existing stock.
The interested parties will buy
the new stock at $10.50 a share.
.v.;.";':;- '>,y.
Bror Dahlberg, O.. S. Manseli and Andrew J. Dallstream, voting
trustees, have filed a registration statement 12-51131 for voting trust
289,347
989.
p.
instances,
some
which
1—
-Earnings-1941
$284,029 %V 9257,005
141,655
income—,:.
oper.
Ry.
1942
r
$347,147
;Gross from railway——
■".Net from railway
current
a
ry.
Sg, From January
recent
January 1—
157,
Net
•
Carolina
1943
j.u-•
railway-—
railway.—i-'-
from
been filed with the SEC.
69,749
railway--Net from railway——
Net ry. oper. income—
—V.
asterisk
an
Western
&
from
Net
purchasers
some
fibers the company, in
"Under
not
♦Consolidated
1943
railway-—
Net from railway
Net ry. oper. income—
Gross
*>•
that
%:
Federal
$172,510
from
From
wool
or
income
RR.—Earnings—
February—
Gross
silk
of
Mr.
Indiana
&
ad.:
♦Earnings
779.
p.
Charleston
February—,
1 Gross
covering the proposed issuance by
the corporation of 75.000 shares of common stock for
purchase by a
selected group, consisting of employees of the company and a limited
number of persons having
long-standing business relations with it, has
the
157,
rayon
be
otherwise,
Celotex
A
dividend of $1.8083 per share on the
dividend due Aug. 1, 1942, with
a
represented
5%.—V.
composed
states
28,
Commission,
Consolidated
■
N.
appearance.
March
"Celanese"
the
of a certificate of deposit or any bondholder
may obtain
part of the deposited interest and principal moneys
application to the Irving Trust Co., One Wall Street, New York,
Y.—V. 138, p. 508.
proportionate
upon
a
989.
p.
interest thereon.
interest
in
not
the
share on the
holders of
per
May
not
are
and
rayon,
as
their shares of
declared
preferred
issued
Trade
the
record
its
word
would
Federal
The
(A. M.) Byers Co.—Accumulated Dividend—
has
and
texture
implies that
and
rayon
1144.
p.
518.
p.
to
beside
the
5,321
*42,656
157,
ruling of the Federal
Trade Commission Celanese
yarns and fabrics are classified as rayon."
v
This statement, the complaint
says, confuses and misleads the public
21,984
171,459
*12,273
22,988
1*4,188
in
In advertisements of
puts
The
payable June
was
1942.
1,
March
on
have
stock,
common
227,050
products
;footnote statement
of
Butler
The
3,667
*9,775
'
from
Gross
Net
54,311
-
1940
$116,354
below.—V.
distinguish between acetate rayon fabrics, manufactured
simulate natural fabrics, and fabrics made from natural fibers.
to
process
1941
$85,470
1942
$104,951
2,313
*10,125
•
The holder
his
Corp., Ltd.,
Commission
resemble
unable
are
Trade
rayon
they
current
RR.—Earnings-
Burlington-Rock Island
Steel Products, Ltd.—Control—
Coal
&
complaint charging the
with failing to disclose adequately to the public that the
fabrics it makes and sells under the name of "Celanese"
corporation
The
Buffalo Creek RR.—Bonds Called—
Steel
Celancse Corp. of America—Accused by FTC—
$1,415,407;
profit on sale
tax,
gross
Dominion
Monday, April 5, 1943
We believe most Americans want them to remain so."
the forthright message in Mr. Newton's letter to stock¬
from
a
of the Chesapeake & Ohio annual report is the
essential facts so that they can be grasped at a
feature
arrangement
of
glance. The report is illustrated with
and functional operations of the road.
sheet and income statement, a table of
photographs, depicting facilities
It includes a simplified balance
dividends paid since 1899, and a
L
Volume
157
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4165
"
description of the company's contribution to the technological advance
of the railroad industry through its laboratory research and tests.
Traffic. Statistics
for
Calendar
1942
Average mileage oper...
coal
•Revenue
carried
•Other
-
carried
iNo.
of
of
Av.
rev.
3,118
Net
3,113
:
21,114,618
ry.
V
.
53,028,340
60,614,145
18,318.531
6.42
Gross
>
14,197,233
Net
12.544.360
from
ry.
6.22
6.05
General
Income
Y/
;
Calendar
$
Years
1941
1940
$
•
287,158
191,290
142,905
*13,511
4,558,522
3,749,887
3,134.927
2,891,328
124,488,512
111,270.264
4,831,741
3,371,349
3,062,151
mail
1,200,684
1.175,952
1,130,818
1,121,387
628,340
365,232
382,211
392,505
.^Miscellaneous
4,516,955
Cincinnati
1,575,074
1,055,825
915,270
611,509
556,141
361,760
327,314
56,761
income..,
3,642,376
989.
p.
Net
from
Net
ry.
Total
oper.
from
Net
ry.
from
3,347,280
The
$406,589
$343,223
226,488
207,068
154,797
110,117
ry.
.oper income...
January 1—
81,589
49,984
92,896
76,155
2,875,747
from
Gross
Net
from
Net
.
ry.
—V.
railway..1,020,525
997,406
165,084
"
Y; .:"
/
317,312
of
12,303,197
11,022,219
Gross
Malnt.
30,547,841
25,523,449
24,709,551
23,387,375
Net
from
Net
ry.
2,680,546
'Misc.
-2,557,874
2,507,650
41,723,214
34,181,061
30,900,070
28,425,588
448,318
363,076
337,182
3,463,034
3,367,273
3,282,605
155,463
_
62,808
58,653
operations
821,958
-General
3,786,248
Transp. for invest.
•
(Or)
2,453,306.
Total
95,415,056
(52.48%)
80,239,299
74,088,009
(53.41% )
(55.82% )
rev1.:—..—• 86,394.706
69,998.035
58.632,163
Net Oper.
.Railway
19,678,804
18,241.188
49,998,352
rents
1941
payable
were
$774,365
$741,468
railway——
income Y_
369,546
273,159
233.120
197,851
228,074
149,905
90,692
62,083
2,051,465
1,798,074
1,605,239
745,032
559,974
475,266
'Dividend
has
pany
and
40,390,975
36,366,238
194,967
1,452,273
1,023,977
maour.ng
1,458.784
1,266,011
1,025,502
1,236,076
51,559,187
40,817,745
36,354,138
income
Gross
98,707
York
taken
interest
lative
37,005,057
8,284,234
9,469,988
leased
1
income
33,153,437
.
other
138,151
33,591,166
by
512.036
the
with
Pacific
&
has
received
to
respect
RR. Co.—Int.
notice
declaring
that
this
com¬
interest to be
any
Inc.
balance transf.
32,452,210
Divs.
4%
on
26,211,568
610,055
601,849
dividends—:
'Common
25,800,739
26,800,979
sh.
per
stock
mon
"•
1
stock......
preferred
Earned
non-cum.
-
$4.25
.
General
609,310
25,844.831
$5.79.
20,101,453
$4.31
$3.49
Balance
Sheet,
;>
in
Investment
road.———..—
Investment
in
equipment............
Investment
in
leased
$
•
:
"cash IYY^jYy——Y—y---
current
Deferred
assets
- -
578,693
Total
.—_
Gross
scrip preferred stock.
capital stock:..!
common
Governmental
grants
Funded
Audited
accounts
.Other
Tax
liability
Other
and
Funded
instalments
annual
from
ry.
26,945,864
Net
4,492,772
Net
asked
are
to
name
a
Bids
May
of
1
each
coupon
rate and offer a
price
be
company,
submitted
by
not
■.
i■
There
monies
sale
Net
1,009,133
934,721
837,224
868,751
77B.2J1
Co.,
Ltd.—Interest
directed
to
been
the
Lohmeyer.
Secretary
Terminal Tower, Cleveland,
(EWT> April 15.
;;
Colon
On
mortgage
March
•drawn
for
25,
25
for
issued,"
March
15,
stock
and
for
books
will
_
the
to
Interstate
this
does
of
the
be
must
not
proceedings
previously
mean
approved
Commerce
before
by
Com-
definite
any
Committee.
and
Two
Months
Ended
1942
Feb.
4,078,728
2,714,579
1,825,421
1,665,501
792,362
24,970,761
18,763.434
8,326,070
5,557,230
5,240,457
3,421,923
1941
ry.
$6,403,536
1,414,332
605,623
2,110,119
911,903
624,029
18,063,844
14,280,959
13,286,527
7,146,120
3,308,203
2,968,017
1,474,164
3,823,199
1,384,411
1,285,947
from
Net
ry.
1940
for
a
redemption
as
of
May
total of $125,000 of
1943,
1,
out
refunding and
bonds
redemption
had
of
the
been
not
mentioned
above
presented
for
$8,581,050
$6,505,774
$5,992,872
2,698,805
1,664,852
1,052,491
1,829,571
869,457
197,703
issue
Net
ry.
12,303,315
11, 257,335
5,202,736
3,512,174
2,216,686
7, 267,324
3,481,572
1,928,838
503,528
1943
1942
1941
v.
1940
$1,671,307
$1,330,336
$1,245,396
517,416
311,752
196,376
74,885
income—
239,423
78,588
*16,014
4,091,734
3,436,983
2,774,813
2,727,293
railway——
936,205
589,157
433,668
351,319
income...
544,218
128,581
*12,584
From
Gross
income...
oper.
4,085,716
from
from
Net
1,535,211
,649,579
ry.
"railway....
oper.
income...
21,474,740
15,925,498
sales,
Costs
7,685,223
5,214,993
4,414,402
3,199,666
ICC
Oil Co.
(&
1942
the
profit
9,613,873
1939
$5,195,872
of
11 authorized the
company to issue not exceeding
promissory notes in evidence of, but not in payment
principal on various equipment contracts.—V,-157,
unpaid
Chicago &
Eastern Illinois
February—
1943
from
Net
from
Net
ry.
railway..._
railway
oper.
From January 1—
Gross from railway
Net
Net
—V.
from
ry.
oper.
157,
p.
1940
$1,541,145
$1,356,287
37l,64l
344,157
$1,284,584
263,521
132,963
132,613
57,865
,
..
.
v.-
1.
■
>
4,981,872
3,275,811
2,851,167
2,663,927
1,919,844
873,229
759,420
754,901
374,801
347,587
553,424
139,034
Y
income...
1048.
1941
Y
;
railway
-"
1,035,943
227,079
165,775
39,264
&
Wyoming Ry.--Earnings-
-
.
1941
1940
$126,653
$120,826
$103,077
68,805
52.327
56,133
44,251
railway
income.^
Bad
3,948,048
4,759,395
$1,024,614
$320,185
23,212
26,637
33,866
23,139
272,963
261,519
226,435
142,640
118,852
134.482
105.936
47,122
53,170
79,666
71.576
income..
863.
p.
contribution,
$2,112,000
under certain limitations.—V.
Corp.—Capital Contribution
6%
157,
income
income
19,023
30,934
20,616
$936,895
$1,043,637
38,024
debts
$351,119
17,981
$457,093
14,873
......
:
•
__.•—
7,714
:
17,506
2,937
3,878
of
132,694
Net
profit
shs. cap.
30,753
13,613
V.
of
156,
share
net
of
losses
$529,656
recently declared a dividend of 50 cents per share on
stock, payable April 1 to holders of record March 31.
Oil
Gasoline
&
Corp.—Gives
ration
on
$124,421
in
of
$2.08
jointly
unconsolidated
$0.49
owned
controlled
Chicago for the first time,
March
assembling,
is
the
will
project
T.
Control
seven
of
the
its
of
years
acrimonious
Columbia
voting
and
Gas
stock
&
battles,
Electric
control
the
corporation,
Corp.,
the
over
March
on
Panhandle
a
30
Eastern
the way cleared for action by recent decisions, of the
U. S.
Court in Philadelphia, Columbia Oil
signed over 404,326 com¬
shares—or 50.1%— of Panhandle Eastern to the
Phillips Petroleum
for
one-half
the
$10,435,654.
it
the
was
The
stock to
acting
Phillips
the
for
in
company,
turn,
simultaneously
Missouri-Kansas Pipe Line
the
joint
of
account
itself
(Mokani
and
Co.,
Mokan
in
deal.
Mokan
by
acquiring this stock brings its total holdings to approxi¬
mately 68%.
Phillips will hold 25% and the balance is in the hands
the
public.
compliance
Act
and
Columbia
with
also
Department
More
the
to
Oil
undertook
provisions
satisfy
of
Justice
since
1936
of
alleged
has
for
the
Columbia
and
Gas
had
cases
their
is
under
in
Certain
Circuit
submitted
terms
the
anti-trust
stock
against
the
over
laws.
in
the
The
Columbia
Panhandle
Eastern
•"..■
of
Panhandle
dissolution
a
••;
stock
his
in
they
Gano
slated
Oil
appeal
owned
Panhandle
in
who
of
the
new
the
B
set-up,
become
Panhandle
the
to
also
posts.
retired
as
acted
U.
S.
Eastern.'
stock,
William
Chairman
Eastern.
W.
G.
Mortland
resigned from
of
The
G.
the
the
in
of
and
chief
board
B
stock,
to
the
pre¬
which
represent
As
R.
A.
result
a
Ransom,
board.
President
and
of
compliance
class
This
Panhandle
Maguire,
board
Panhandle
new
trustee
as
director
a
Then,
$1,000,000
directors, was found by the SEC
inequitable distribution of voting power.
representatives,
to
and
Columbia
it
will
Dunn,
Panhandle
and
cancellation
Under
Commission,
.
conclusion,
a
resignation from both
order,
which
two
the
to
pic¬
down in their appeals in the
Philadelphia
29.
Whether
decided.
••
not
reached
SEC
an
plan
the
from
this
Columbia-owned Panhandle stock
handed
Eastern
the
turned
April
is
of
plan that the present deal was con¬
Corporation Trust in Jersey City. N. J.
stockholders had opposed the plan for
dissolving
were
on
deal
divestment
offices of
but
Court
unfair
of
Oil
minority
the
the
the
the
the
Court
Supreme
an
the
pending
control
of
Utility Holding Company
of
■%": Y:■ Y"
and
Columbia
it
summated
As
divestment
Public
violation
recently the SEC ordered the segregation of Columbia Oil from
of
Mokan,
is
executive
officer
directors,
it
of
was
learned, will consist of K. S. Adams, Don Emery and Edward Buddi'us,
all executives of Phillips; R. J.
Buckley. F. J. Lewis, H. E. Howard,
Judge Ira L. Letts, J, E. Bierworth and Mr. Maguire.—V. 157, p. li.76..
Columbus &
gins
of
$0.91
$41,404
companies,
and
$6,284.—
Greenville Ry.—Earnings—
Feb.—
1943
from
Net
ry.
1942
1941
1940
railway...
railway—:,.
$126,876
$90,201
$97,279
$93,250
33,043
11,077
18.859
12,711
income..
12,910
3,248
9,244
5,789
258.545
203,178
200,885
179,255
railway.—..
from
64,814
31,753
31,299
16,648
income..
25,646
12,907
14,045
4,000
oper.
From Jan. 1—
from
Gross
$1.57
Not
from
Net
ry.
—V;
railway—
oper.
157,
26
inspected
the
the
directors
of
The
this
corpo¬
Dodge
Chicago plant, one of
largest manufacturing units and probably the largest airr,
craft engine plant ever to be built. -The main
manufacturing build¬
ing, occupying some 80 acres, which will be used for machining and
K.
75
With
$232,922
new
world's
which
Up
1,
863.
p.
1740.
p.
Meeting
the
July
Pipe Line Co.
Net
$401,068
profits
of
as
Atlantic,
1176.
p.
last
Terminating
Gross
255,000
stk. (par $10)
"Includes
share
on
wholly-
1937,
directors
common
relinquished
37,500
306,800
*47,688
...
sh.
its
of
Over Panhandle Eastern—
130,881
44,500
37,050
290,000
Guymon Invest. Co.
notes
24,672
149,212
151,401
and State taxes...
demand
Columbia Mills, Inc.—50-Cent Distribution—The
$436,477
25,649
Depreciation
Fed.
'
312,402
railway
railway.
oper.
capital
Y'%%:
!, I:
1942
$150,683
railway.
Commonwealth
1942
1,009,102
386,959
349,567
187,623
.The SEC has permitted the corporation to surrender to
owned subsidiary, Atlantic Seaboard
Corp., as of Dec. 31,
Chrysler Corp.—New Dodge Chicago Plant—
RR.—Earnings—
$2,515,376
income..:
1,143,676
346,103
157.
elected
$911,146
Adjust, of .cap, assets:.
'
989.
Gross
ry.
—V.
ferred
1940
$4,268,233
$10,638,487
9,089,473
income
Earns, per
'
1,'322,458
803,594
490,173
from
Net
with
Subs.)—Earnings—
1941
$10,000,619
expenses..._
Operating
March
on
$13,267,422
-
2.041,413
railway...:
oper.
Net
for
863.
p.
Cotton
etc
and
Other
1,401,245
•
*16,354
Columbia Oil,
3,543,924
7,319,414
70,451
from
Columbia
15,203,722
14,707,719
railway
31,337,147
106,356
1943
ry.
Shares of loss—net sales
Notes Authorized—
The
1,725.819
January 1—
.Net
for,
2,331,094
$7,263,531
232,878
railway
Net
Gross
*123,380
oper.
Total
ry.
79,588
income...
January 1—
from
*167,872
railway.—:
Interest————
1940
-
,
1940
$474,533
153,202
from
ture.
$2,027,774
6 Mos. End. Dec. 31—
Net
previously
Quincy RR.—Earnings-
1941
$543,417
oper.
Gross!
of
Chicago Burlington &
1942
companies
1077.
* Deficit.—V. 157,
of
157,
Ry.—Earnings—
$620,053
169,901
,
Colorado
of
13,404,454
railway..
from
im¬
payment.—V.
Southern
386,632
from
since
January 1—
Net
Checks
railway......
Co.
1941
17.506,109
from
is
1943
sold
-Earnings-
1942
26, 446,485
oper.
From
Gross
inclusive.
1943,
6,
income
interest
Stock transfer
Circuit
863.
February—
from railway—
1943.
Co.—New President—
Feb.—
*284,777
income—
April
31,
the
Such
$991,118
subsidiary
railway
p.
to
March
of
case
1943.
343.
p.
oper. income..:
"Deficit.—V. 157, p. 990.
*287,533
23,223,448
1943
oper.
&
Columbia
$6,913,354
1,856,758
railway..
157,
at
the
1,
railway—_
from
from
1940
$9,082,163
p.
1
April
year
were
as
follows:
April 3, 50 cents;
.cents; and Oct. 1 and Dec, 24, $1 each.—V. 156, p. 1235,
3,907,856
157,
157,
as
April
ry,
the
income.._
from
to
1021:
p.
Net
2,010,034
Y"
railway.
closed
in
annum
1943,
Ulrope has been elected President to succeed A. Clarke Bedford.
149,
Gross
4,180,968
7,819,209
$11,745,572
Chickasha
February—
1943
1942
1941
•
Gross from railway.... $16,228,972 $10,496,763
$7,710,003
Net from railway.
8,101,627
4,002,479:
2,491,859
Net
E.
line,
fund,
be
February—
17,369,587
13,652,673
1942
per
1.
Colombia Gas & Electric
1940
$8,201,835
2,236,069
39,992,664
..
5%
Colonial Beacon Oil
L.
28
1941
$9,060,985
7,333,559
._
of
Jan.
From Jan. 1—
necessarily
Interstate
awaited
rate
period
mailed,—V.
Net
further
4,238,195
__
__
the
at
the
will
be
—V.
in
railway.—
from
Net
,v
3 ¥2%
Authorized—
directed
payable to stockholders of record
1943,
Court.
1144.
p.
p.
Court
1943
Gross
be
must
Development
directors have
The
of
Chicago St. Paul Minneapolis & Omaha Ry.—Earnings
....
called
sinking
and
bonds, series D due May 1, 1996, at 100
and -interest. * Payment will be made at the office of J. P. Morgan &
Co., Inc., sinking fund trustee, 23 Wall St., New York, N. Y.
v
provement
"when
on
case
$16,786,277 $11,987,211
..
railway...
income.__
" y>
and Treasurer
Ohio,
3400
noon
have
in
F.
H.
income...
990.
Pipe Line: >•:%%%
of
Called—
Bonds
«
the
oper.
from
—V.
year
of
481,725
securities
From January 1—
2,380 new
to
are
the
of
from
of
cost
the
status
new
District
reorganization
action
Court
railway.— $13, 197,132
from railway.:---5, 753,436
ry. oper.' income
3, 713,166
Gross
certificates will finance approximately 80%
standard gauge 50-ton composite type hopper
being built at. an approximate cost of $6,577,000.
Proceeds
•.cars
of
from
Gross
756,292
fcJnsi■"
"of the
Committee,
February—
137,405,355
starting with 1944.
Bidders
returned
District
RR.
announces:
the
the
Court
the
to
NASD
in
Chicago Rock Island & Pacific Ry.
26,561,773
5,190,851
payable
each,
$520,000
1940
$802,530
,
1,050,065
mon
$5,200,000 Equipment Trust Certificates
of
498,784
p.
ry.
railway—.._
"Deficit.—V.
is advertising for bids on a proposed issue of $5,200,000
equipment trust certificates to mature in 10
equal
'serial
1943
1941
$854,755
oper.
157,
Gross
regarding
Pacific
Supreme
1943
opsr.
Net
——Y-—Y —780,405,195 747,059,870
The company
1942
500,545
•
958,759
ry.
Net
of
members
and
S.
the
Month
for
1048.
p.
from
Net
1,091,971
580,438
2,
1.191,150
Net
14.89
13,685,613
136,30.9,603
1942
399,356
approximately
opinion.
by
railway.
from
ry.
4,438,682
—:
1943
$918,043
from
From January 1^—
1,123,716
balance
Asks Bids on
of
157,
Gross
5,138,500
—
—
reserve.——:
loss
—
made
railway....
income.
from
Net
Total
U.
Further
oper.
Net
3,396,893
44,121,064
—-
——_—:
prop,
'Sinking funds
and
from
Net
—i———_• 122,9/5,840 1H,30j,27j
credits
inquiries
5,916,825
3,814,585
—_
through inc. and surplus..:.
debt retired through inc. and surplus.to
Paul
District
railway.
income.
from
r.v.
2,301,093
5,937,967
value,
Dec.
1.583.324
Net
Chicago & North Western Ry.—Earnings—
251,239
180,443
211,335,000 220,345,000
8,416,900
8,048,338
—
————————
liabilities
Additions
Profit
payable
wages
unpaid—.—
depreciation
unadjusted
Deferred
—
liabilities.-——
current
Accrued
......
-
matured
Dividends
2,301,033
—_
'
—
debt
eadh;
539,972
Payments
15,314,703
15,314,708
191,433,919 191,433,942
:
$1.25
427,941
from
January 1—
Net
Gross
and
stock
on
St.
the
plan
oper.
Net
—V.
of
reorganization
February—
nun-cum.
Premium
ry.
From
Liabilities—
4%
Court.
be
can
from
780,405,195 747,059,870
.
.
Common
abandonment
2,373,130
—
5,
par
during
$1,033,094
oper.
northwesterly
Wood,
Committee
between
and
the
the
Practice
the
of
of
and
Net
526,802
——...—5,103,315
——
debits
Unadjusted
District
Net
7,026,034
—
....—
supplies.:.;—
opinion
Earnings
33,248,032
13,607,573
6,790,661
assets...11,318,585
Materials and
Other
58,112,371
7,709,775
6,829,579
Special deposits
Oct.
account
on
no
RR.—Earnings
from
From
Supreme Court
February—
from railway-
15,038,123
25,593,232
„——...—
—
the
Gross
8,735,583
76,416,444
Other
extending
New
near
permitting
Issued" Securities—
of
Commission
the
ruling
<
.
stock,
1,730.582
Wis.
made
conformity with the
226,216,510 211,027,584
....
of
abandonment
■.
physical property, etc..:————-.'-Y—'Y,Dr596,164
Invest, in affiliated companies...-J.——64,662,526
railroad
number
a
decision
order
miss'on
•/.•
certificate
a
line
Uniform
Milwaukee,
the
374,876,715 372,210,053
miscellaneous
property,
•,;%'.
Y
investments
of
The
in
1941
$
of
County,
received
Chicago,
the
;%•'%% %•;*%: i YYYYi'vY
the
heretofore
Commerce
31
Dec.
1942
Assets—
have
In
par).
of
remanding the plan of
com¬
on
($25
line
"When
on
contracts
•"
601,710
and
share
per
Payments
railway....
Colorado
issued
19
a
end
National
We
1,131,143
44,419.162
of
Lincoln
in
view
32,641,351
30
SI
5.
397,876
ry.
Net
to
profit and loss.....
the
to
The
1,138,956
mortgage bonds w.ll be paid (but
aga.nst future coupons when and aS declared
in accordance With the adjustment mort¬
t
directors
March
on
NASD
27,342,711
520,582
June
of
preferred
April
1,928,217
adjustment
the
thereon
of
trustees
m.les,
of
;
■
ICC
Merrill
Y'Y'
.
$1;
record
424,123
",
.
The
142,911
'
2,
of
2,135.037
Abandonment—
,
:
holders
April
Accumulated Dividend
dividend
a
cumulative
railway.:.-:.
from
stock
Exchange
aet:on
on
board
gage.
49.446
44,939,744
.'
,
funds..
reserve
49,649
230,597
skg. and
to
49.047
248,189
Disposition of Net Inc.'—
applic.
7,804,823
49,563 /V
roads.
deduct, from inc..
Net
Inc.
.
to
$5
payment of interest on the 6': redeem¬
able convertible preference stock and on the 5% redeemable
Income stock,
scries B. at the rate of 6%
per annum in the case of the
Stock
no
interest
the
569,808
53,024,217 ' 42,063,200
by
81,111
1,146,748
debt..8,008,505
on
for
Rents
274,391
1,190,639
4l;459,694
income
Interest
•Misc.
677,993
1,138,116
14
Co.—-$l
declared
the
on
income—
151,811
payable on Apr 1 1, 1943, on the 5% convert ble adjustment
gold bonds, series A, due 2000, and that coupon No. 32.
Apr 1 1, 1943,. has no value: that accumulations of cumu¬
mortgage
2,505,968
income
756,323
January 1—
railway.—
Net from railway—
427,306
306,314
1048.
p
New
without
'Other
1,046,632
972,256
preference
The
50,319,230
39,643,584
income.
oper.
ry.
1,401,340
753,567
1,579,108
455,966
income.:,.
have
follows:
from
—V.
railway
.
157s,
4,706,015
facil.' rents, net (flr)
Net
1,362,131
906,357
From
$870,169
railway—-
April
as
Gross
"
Jt.
378,531
2,094,432
2,750,401
Clinchfield
Net
1940
$999,811
oper.
36,396,334
(net)
450,259
3,38.3,342
February—
1942
Chicago Milwaukee St. Paul
due
Ry. oper. Income...
Equip,
351,336
3,938,735
income_i%
directors
Gross
railway...:
from
Net ry,
13,296,195
accruals..
tax
1943
oper.
from
Net
.
49 862.432
exps
ratio'——
from
Gross
68,859,622
(58.00%)
oper.
499,076
5,744,337
.
990.
155,612
From January 1—
—V.
'Operating
1
v
515,919
railway
p.
accumulations
227,265
193,375
'
.
Chicago Indianapolis & Louisville Ry.—EarningsFebruary—; Y Y' v.\';
14,221,027
equipment—
658,478
729,146
134,848
income
862.
p.
841,572
389,460
447,312i
oper.
157,
15,850.251
of
1940
$1,448,568
691,662
$1.50; and Dec. 28, $1.—V. 156, p. 2304.
railway.—--:
|
Operating Expenses—
Transportation
Ry. —Earnings
1941
$1,636,927
Cleveland-Cliffs Iron
1940
$495,556
Maint. of way and struct.
>TraffiC'Y
Pac.
1942
•
1,352,953
income...
oper.
157,
Texas
$1,975,546
railway.......
oper.
&
1943
$2,799,465
January 1—
railway
Net
—V.
$502,168
181,803,762 150,237,334 132,720,172 118,722,054
revs.—:
Orleans
from
Gross
Net
^
New
Februaryfrom railway....
Gross
From
railway
oper.
From
express--
of
income..
1—
railway....
from railway—:.!.
$
140.222,032
Transportation -of
257,135
Net
^(1939 YY
•
11,493,584
—
415,359
Net
''Y
'
163,970,199
traffic
Transport,
for
$
Operating Revenues—
Freight traffic—
•Passenger
Account
1942
527,536
Chicago & Illinois Midland Ry.—Earnings
Y
1943
1942
1941
Gross
•
877,482
February—
per pass, per m.
%
$1,355,949
6.17
3,548,058 - 1,989,274
1,589,400 , 1,357,545,
1 mile 545,365,245 247,747.365 174,465,764 145,613,250
2.103 cts.
1.950 cts. * 1.932 cts. ■
2.103 cts.
car.
$1,475,900
railway::.
oper.
lrom
Net
carried—.
pass.
$1,834,730
railway.....
..'Deficit.—V.; 157,
frt. (mills)
$2,363,494
_
■
1940
,
From January
05,117,971
<
_
from
ton per mile
rev.
pass,
No.
3,122
<
Net
I
Western Ry.—Earnings—
•'.'%
1943 'v.':
1942
1941
'
1939
1940
freight
(tons)
from all
-;Y:'
'
—73,768,808
revenue
Av. rev. per
•
:
;
•
'
1941
3,115
%
coke
and
itons)
Chicago Great
February—
Gross from railway...
Years
1267
Keller,
completely
be
roofed
completed
President,
over
in
said:
Chrysler Corp. has."—V.
a
and
few
"This, is
157,
p.
all
16
months,
the
1077.
buildings comprising
it
was
largest
stated.
war
.of
weekly
this
corporation
territory
in
1942,
The
of
,
an
1942,
for
increase
an
as
for
the
week
Corp.—Weekly Output—
of
show
ttiectric
general
ended
March
of
energy
business
25,
1943,
subsidiaries
conditions
of
amounted
to
195,837,037 for the corresponding week
39,211,241, or 20.02%.
of
hour
adjusted
the
of
to
with
compared
increase
output
adjusted
kilowatt
served
Southern
hour
compared
corporation
232,722,926
in
as
weekly
this
territory
undertaking
served
235,048,338
&
kilowatt
output of electric energy of subsidiaries
to show general business conditions of
week
with
ended
March
196.638,339
36,134,587
or
for
18,
the
18.38% .—V.
1943
amounted
corresponding
157,
p.
1176.
to
week
'
THE COMMERCIAL & FINANCIAL CHRONICLE
1268
holders of record April 20.
Community Water Service Co. (& Subs.)—Report—
Total
1942
revenues
.
Federal
(incl.
exps.
The
taxes i
—
$6,256,258
3,455,542
$5,954,460
3,282,942
.little, higher
a
$2,800,715
$2,716,356
6,008
7,399'
$2,723,755
$2,806,723
$2,678,068
1,877,244
inc
Gross
,1,933,678
2,084,749
Deductions,
$846,511"
Deductions,
359,385
company
income:
Net
..
It
is
of
Cash
known
"Smash
as
Co.
man-hours
the
Operating
Oper.
13,335
1,532,059
1,269,792
157,893
Other
Net
Other
materials and supplies-;
taxes, etc
1943—Month—1942
715,701
■
deferred
Other
871,265
246,250
2,948,568
1,171,174
2,882,527
93,615
62,017
60,056
719,801
676,325
pledge
appro.
40,896
55,377
815,714
588,356
benefits
revs...
$222,996
$179,607
$2,345,979
$2,457,697
620
320
1,104
657
$223,616
$179,927
$2,347,083
$2,458,354
46,667
46,667
560.000
560,000
Other
12,979
30,641
41,490
;
accrued 1
Taxes
Customers'
410,282
18,234
accrued---
Dividends declared
aid
stock
Common
(par $1)———
surplus
♦Earned surplus
102,326
.100,763
588,404
404,334
Int.
♦After
and
deducting
and
1942
i
-
$1,202,572
Other
4.06,482
$487,543
3,905
and
disct.
$515,928
130,544
186,063
$27,505
$466,746
$329,865
166
$30,873
$27,505
$492,413
23,515
281,383
1,947
10,903
$2,043
$200,127
26,901
103,901
$173,226
——————
157,
At
2,091
311,825
7,467
7,375
the
added
seven
run
compensation
been in
salaries
amounting
to
——
—
Assets—Investments,
receivable
from
dividends
receivable
Dec.
31,
for
only)
(Company
$8,454,755; cash in banks, $309,234; accounts
companies, $375; accrued
interest and
from
subsidiary
companies, $9,109;
deferred
$19,339;
$1,003;
two
May
319,946
$9,169,738
4,454,316
976,079
2,209,612
——
—;
-/-i---———
income
—
on
24,854,882
774,251
4,514.874
4,661,554
1,696,479
9,318,979
7,595,753
22,946,259
$1,529,731
$1,534,143
$9,500,617
$8,791,147
67,889
818,904
448,741
$1,629,771
„
and amort, of
mium
828,445
4,334,969
$1,602,032 $10,319,522
'
pre-
bonds-
'
404.679
401,153
$9,239,887
■
2,448,851
2,417,968
22,371
12,875
1,701,500
85,370
$1,206,246
Other deductions
$1,184,478
$6,200,054
$6,705,666
$4.22
$4.65
—
income
♦Earnings
common
-
per
share of
stock
$0.85
——
$0.83
♦After providing for preferred stock dividends.—V.
157, p. 1078.
Chase
National
Bank
pointed registrar for the
fitocks.—V,
157,
p.
of
the
City
of New York
common and cumulative
has
been
ap¬
convertible preferred
:
poned—-.
The
cenU
directors
per
share
j-v
have
on
declared
the
the., common
usual
stock,
quarterly
par
dividend
37%
$5,^ payable : May- :1
to
589,133
614,089
481,451
295,902
railway—
7,098,978
6,186,754
4,710,954
4,315,937
1,878,444
1,086,894
1,759.895
1,345,090
1,165,595
1.168,067
958,094
807,333
income—
1943
RR.—Earnings—
1942
1941
1940
$6,316,616
2,295,827
1,031,643
$5,017,883
1,414,177
576,452
$4,304,745
U68.030
705,378
$4,092,978
753,629
248,750
railway...—
railway--
11,950,541
3,789,345
10.265,375
2,719,279
'8,900,945
8,922,520
2,447,281
1,991,190
income-1079.
1,641,382
1,058,402
1,504,843
955,756
from
oper.
157, p.
:
,
Rio Grande Western RR.—Earnings—
Net
of
Delphos and
24,
Gross
each
the
terms
and
thereof
in
refunding
certain
mortgage
market
also
to
respects,
the
Delaware
&
losses
of
of the consolidated net income
prior
subsequent
years
to
1942»
of
approximately $5,000,000.
provisions
the
retirements
stock
excess
•y,amount; of.
92,260
65,668
458,445
154,960
195,497
192,500
218,452
160,142
'
Subs,)—Earnings—
present
of
payment
of
tne
Interest
of
long
as
of
$25,000,000.
'.
——
$12,804,734 $17,749,951
debt
4,895,387
157, p.
4,960,254
Cr135,690
charged
.
Cr63,038
745,460
$8,045,036 $12,107,275
•
1079.
Detroit & Mackinac Ry.—-Earnings—
Feb.—
Gross
from
Net
ry.
railway
$73,054
10,014
125
railway—
Income—
oper.
1941
$62,310
13,928
6,008
152,231
26,255
9,901
—
,
1942
1943
from
Net
128,738
28,517
12,454
1940
$47,371
2,071
*4,269
$45,811
*243
' *6,217
96,236
1,695
*11,819
98.232
2,725
*9,479
From Jan. 1—
Gross
from
Net
ry.
railway
railway
from
Net
'
—
Income—
oper.
♦Deficit.—V.
157,
The
the
directors
common
March
year;
stock,
Like
31.
none
have
:
•
863.
p.
Detroit-Michigan
Stove Co.—Resumes Dividend—
declared
par
$1.,
amounts,
dividend
a
payable
were
paid
of
10
April 10
on
April
cents
share
per
to
holders
20
and
of
July
on
record
20,
last
since.—V. 156, p. 1236.
(after
of
Detroit* Toledo & Ironton RR.—Earnings-
the
of
1943
$991,611
579,036
300,658
Net
from
Net
ry.
—V.
first
income—
157, p. 863.
.;
,
311,599
1940
$764,824
410,276
284,876
1,584,845
1,729,610
1,627,772
990,677
514,447
railway—
oper.
1942
$764,294
351,519
182,602
1,810,065
February—
from railway—
from railway——.—
Net ry. oper. income—
From January 1—
Gross from railway.—Gross
Net
sinking fund
the amount
2,120,000
9,020,000
Net income
—V.
plan is one providing for certain
dividends or other distributions on or
so
—————
$78,219,131 $74,077,042
53,432,603
50,292,746
3,090,000
4,145,000
to construction
;
-—
Amortization of debt discount and expense-—
the
company,
—
1942
1943
-
utility operations
maintenance charges.——
and
549,255
249,497
277,733
394,467
119,714
————.
763,568
408,341
978,251
606,154
915,660
,
1941
$907,116
504,255
646,424
—■.
Discount Corp. of New York—New Director—
refund;ng mortgage bonds outstanding in the hands of the public
in
1941
< 1940
$165,726
$228,788
35.376,.,
89,338
55,146
105,430
1942
$176,141
42,383
559,067
Gross corporate income.
Interest on funded and unfunded
maintained.
other
restrictions in
is
The
,
3,803,220
671,349
163,970
Balance, income from utility operations^—K $12,876,528 $17,519,296
Other miscellaneous income128,206
,230,656
for
of
—
Normal tax and surtax
Railroad
which' 66% %
net
*80,997
1
3,976,505
625,687
181,864
Excess profits
bonds
be
1943
$262,912
85,857
from
from
Operating
the
value
income
Detroit Edison Co. (&
bonds and
4%
$1,696,601
167,948
*58,245
6,010,340
1,701,368
1,174,525
Gross earnings from
of report of the Commission follows:
& iHudson
into
any
year
after
railway.——
railway—
railway
Net ry, oper, income^w
From January 1—
Gross from railway
Net from railway
Net ry: oper, income—*
—V. 157, p. 1079. <
Net
corporation and the latter's subsidiaries is to be paid
the retirement of first and refunding mortgage bonds,
outstanding in the hands of the public have been
reduced to.$25,000,000, such payments need not exceed $500,000.
The
plan also provides for payment into the sinking fund of one-half the
proceeds from sale of certain investment securities said to have a
company,
156,729
Denver St Salt Lake Ry.—Earnings—
in furtherance of a proposed plan of debt
first
Co.
1940
1941
$1,826,378
,
10,132,751
4,165.139
2,430,027
February—
minimum rate
a
from
1942
$2,872,223
786,749
546,303
♦Deficit.—V. 157, p. 863.
15, 1942, authorized the corporation to extend
the date of maturity of not exceeding $45,223,100 of
Hudson
bonds
deducting
income—.
oper.
ry.
Net ry. oper.
is to be extended to May 1, 1963, with interest on suon
continuing at the present rate of 4% per annum.
A new sinking fund is to be established for the benefit of the ex¬
:i
1943
$4,865,170
1,970,93 7
692,576
From January 1—
from railway
balance
and
of
402,106
railway——-
from
Net
Railroad
Among
Cuneo Press, Inc.—Regular Dividend—Meeting Post¬
1940
$1,864,237
Gross
}.(applicants
is
1176.
28
674,906
February—
from railway—
from railway-
Corp. at the time of acquiring
its railroad properties, assumed obligation and liability in respect of
outstanding securities of the Delaware & Hudson Co., and of certain
other companies, including $49,000,000 of the company's 1st & ref.
mtge. bonds, which the corporation assumed as primary obligor, the
company remaining contingently liable thereon.
Of these bonds, $47,769,000 are outstanding in the hands of the public, $1,231,000 were
reacquired prior to March 1, 1938, and are held by the company;
$1,000,000 were subsequently issued to the corporation and are now
held by it.
These bonds will mature on May 1, 1943, and the appli¬
cants are unable to pay or
to refund them at this time, and have
formulated a plan of debt adjustment dated Dec. 15, 1942, pursuant
to Chapter XV of the Bankruptcy Act.
The principal features of the plan are that it will provide for the
payment, in cash, of 10% of the principal amount of bonds outstanding
in the hands of the public, such payment to be made to each bondholder in full satisfaction and retirement of that percentage of the
principal of such outstanding bonds; the maturity date of the remain¬
ing 90 % of such principal and of the $2,231,000 of bonds held by the
but
Consolidated Vultee Aircraft Corp.—Registrar—
The
March
Delaware
tended
Net
Feb.
1941
12 Months Ended Feb. 28—
1963,
&
modify
The
$8,339,842 $48,189,352 $43,994,713
100,040
Operating income
Other income
Gross
928,950
Ended
1942
$2,327,734
Net
granted to correct inequalities with other com¬
work in the area.—V. 157, p. 815.
were
A summary
$6,105,364 $36,461,77,5 $33,361,762
1,925,954
10,798.628
9,804,505
308,524
Two Months
933,185
Gross
increase
National
bankruptcy throughout the United States.
1943-*-12 Mos.—1942
1943-r-2 Mos.—1942
revs.
Operating expenses
Int.
,1>k %
Corp. to continue the assumption of obligation and
liability in respect of such bonds, as extended, pursuant to the provi¬
sions of Chapter XV of An
Act to establish a uniform system of
,
revenues,.
team heat'g oper.
Depreciation
a
the
They are at Findlay, Van Wert, St. Mary,
on
1,
Hudson
Consolidated Gas Electric Light & Power Co. of Bal-
Taxes
ICC
Delaware
imore—Earnings—
oper.
by
Lima.
increases
The
pared with 148,900,000 kwh.- for[ the corresponding week of last yea^
an" increase of 9.7 %.—V. 157, p. 1176.
Total
unanimously
Delaware & Hudson RR. Corp.—Debt Adjustment Plan
to
$6,628,140
2,221,653
and
$3,067,196
oper.
ry.
—V.
of
Approved—
March 31 announced that System output of elec¬
tricity
(electricity generated and purchased) for the week ended
March 28, 1943, amounting to 165,400,000 kwh., compared with 149,800,000 kwh. for the corresponding week of 1942, an increase of 10.4%.
Local distribution of electricity amounted to 163,400,000 kwh., com¬
revenues-
full.
157, p. 363.
Net
panies doing comparable
on
operating revenues-
in
1,018,315
from
ry.
Net
adjustment, dated Dec.
Period End. Feb. 28—
Hudson
shown by
$3,574,918
from
Gross
notice
stemmery.
Ohio.
at
The
to
as
and
as
From January 1—
all employees and an increase of 7c per hour
relief operators and inspectors employed in
tue cigar machine departments.
;
All increases were made retroactive to Nov. 1, 1942.
V
The average straight-time earnings prior to the increases were 43.5c
per hour.
156, p. 779.
lectric oper.
revenues
railway—
—
$3,-
of 40 cents per hour for
the rates paid to all
Consolidated Edison Co. of New York, Inc.—Output-—
company
and
new
in
directors recently declared a
The
hourly workers and
approved
was
The wage agreement also included establishment
dividend of 25 cents per-share on
the common stock, payable April 5 to holders of record March 30.
Distributions of like amount were made on this issue on Jan. 1, April 1
and July 1, 1931; none since.
A regular semi-annual dividend of $3.50 per share was also declared
on
the 7% cumulative preferred stock, payable on April 5 to holders
of record March 30.
Arrearages up to and including Oct. 1, 1942, were
cleared up on this issue during the past year when payments were made
as follows:'Feb. 12, $3; April 3 and Sept. 1, $3.50 each, and Dec. 4, $3.
—V.
Delaware
railway—.—
railway
Net from railway
Net ry. oper, income.-^
company
in
are
payable
interest accrued, $60,907:
Consolidated Dry Goods Co.—Resumes Common Div.
The
that the
obligations
for Month
Gross from
con¬
fees
directors'
and
Delaware Lackawanna & Western
1942 there would have
officers and combined
plus
its
meet
February—
and the United Cannery, Agricultural, Packing and
Allied Workers of America, CIO, representing the workers, submitted
the agreement to the Board.
One of the plants is located in Detroit, Michigan, and the other six
$5,349,500;
accounts
tobacco
The
accounts payable to 'affiliated
to others, $2,437; taxes accrued,
$7 cumulative first preferred stock
<39,063 shares, no pari, $3,619,582; coihmon stock (par $1», $1,124,555;
deficit, $1,076,193; total, $9,101,130.—V. 156, p. 1861.
debt,
Liabilities—-Funded
company,
$47,551
Proxy
1943.
conditions
ry. oper. income..
From Jan. 1—
War
Board on March 20 in an agreement affecting 2,200 employees
seven plants of the above corporation,
manufacturers of cigars
the
and
subsidiary
workers
piece
at
charges, $327,658; total, $9,101,130.
v
1,
in
these
53%% of the freight revenue, while
constituted only about 32%
of the tonnage
less than 24%% of the freight revenue.
points out that traffic since 1940 has increased
1943
from
Gross
Deisel-Wemmer-Gilbert Corp.—Wages Increased—
$1,451
1912
of
and
coal
war
to
Denver &
Labor
Sheet,
Balance
Jan.
effect
in¬
$4,800.—V. 157, p. 991.
A 5 cent per hour increase for
income
from
years
had
for
available
added
7,127
$96,541
agreements
$79,000
if
been
45,747
$89,813
will
said
311,825
41,864
with
agreements
$366,150
$457,104
each
tor
the
of
policies
Net
.
meeting to be held* on April 1, the stockholders will
ratify new wage agreements with Jack Kapp, President,
Executive Vice President, providing for salaries
to
time
from
Net
compensation, equal to 2%
of
solidated net profits of the company before payment of Federal
State taxes, up to $2,500,000 yearly; 3':
between $2,500,000 and
500,000 and 4',; of profits in excess of $3,500,000 per year.
The
24,776
41,273
exp
Payments under tax covenants on
bonds, etc. ——————•
Net
Net
annual
$39,000
ox
1,944
24.442
310,645
the
asked
views
position of the Dela¬
Commission
Earnings
690.
p.
railroad
their
Feb.—
*$80,822
$7,727
the
the
these
to
the appli¬
further states that the result of the plan should
the interest charges well within the earning capaciy of
the properties,
thus making probable the refunding of any of the
bonds outstanding at the extended maturity.
$23,079
applic. to pref. stock for the penod.
and
Owing
rapidly bring
282,180
24,772
income
with
bonds,
require
representing
$330,031
23,146
the
and
Commission
The
$30,873
—\
accord
not
noting that the
of
anthracite
additional
Decca Records, Inc.—To Vote on. Wage Agreements—
600
1,571
of debt
Amort,
$597,290
15,505
—V.
$393,471
3,317
debt——
$43,010
bonds.
mtge.
Balance:
1940
18,534
funded
on
;
$472,619
$449,197 *
Interest
$30,873
plant
should
,
and E. F. Stevens Jr.,
1941
expenses
1942
Net
1942
taxes
Other
revs.—
of
deductions
Dividends
be
taxes---.
income
159,414
444,361
25,667
lease
to
as
so
we
sinking fund provisions in its plan and also through its shortterm financing of its equipment, the latter procedure resulting in large
equities, while its funds are at a high level.
.
The
Commission's
report
states that,
with the exception of the
May 1, 1943 maturity of the first and refunding mortgage bonds,, the
Delaware and Hudson has no other pressing maturity and needs only
18,244
(Company only)
Income Account
earnings
Federal
181,436
644,277
that
its
31,421
13,878
49,174
income
on
Net
$28,866 in 1941.
Total
372,643
6,374
17,645
80,324
opinion
the plan
Hudson
interests
Gross
deficit of company amounting to $1,076,193 in
in 1941.
tlnciuding payrolls of $4,313 in 1942
Calendar Years—
2,413,232
$60,601,876 $60,181,225
—
Comparative
$3,564,356
2,989,804
68,284
-Deficit.—V.
Total
$4,785,450
213,823
income
Other
1,124,555
903,075
modify
the
expects to take full advantage of these increased
352,135,
18.244
—
<
$326,259
appro.
res.
operating
Gross
3,619,582
1,124,555
-
$486,493
„_
of
greatly because of
71,641
3,619,582
to
The
289,367
revenues
supplied for the retirement of the
the mortgage of addtiional securities.
are
tonnage handled producing about
1943—12 Mos.—1942
1943—Month—1942
taxes
for
Other
508,641
—
-
507,386
$1,358,628
in
Operating income
6,354,589
615,169
Capital
Net
29,629
495,463
78,796
Minority int. in com. stock and surp. of subs.—
$7 cumulative first preferred stock
.
to
history of the railroad shows that
the
coal
mining companies
are
are
mutually advantageous.
The
report states that the traffic originating on the line is diversified but
anthracite coal is the most important commodity.
There has been
a substantial
change in the last 20 years in the character of the traffic
in that the overhead or bridge traffic
has grown and increased in
importance.
In
1921 anthracite coal constituted about 56%
of the
136^620
6,533,251
construction
of
expected
be
we
interdependent
32,340
507,386
to
under
and
the
p. 991.
retire,
Rent
26,769
liabilities and deferred credits-
in
plan is
In its report the Commission summarized the
$1,866,014
stocks for the period
taxes
Prop,
75,484
73,062
111,954
depreciation and retirements, etc.
fund and other purposes-
for
Reserves
Other
375,000
Reserves for sinking
Contributions
Federal
18,234
'
construction
for
advances
Customers'
Other deferred
298,473
$1,488,610
$981,224
Operating
631,735
76,222
deposits—
Long-term debt of a subsidiary—.;—..-.—-.——;.
Due to affiliated companies, not consolidatedOther current and accrued liabilities—:
to pref.
Operating expenes
414,476
,
37,078
preferred stocks
on
.
,
of the
Commission
by the
tervenor,"
Dallas Railway & Terminal Co.—Earnings-
91,182
800,740
—
dividends
Preferred
11,926
.
$122,135
period End. Jan. 31—
140,000
51,536
—
—*
accrued
Interest
proposed
handled
5,413,000
60,000
tAccounts
1,187,918
$121,334
54,814
.
•
Balance
8,188,766
5,349,500
payable to banks. (net)
payable —-—
Notes
8,188,766
;
—
.
deducs.—
&
Dividends applic.
$31,201,000 $31,824,000
subsidiaries..
of
of company
debt
—
mtge. bonds
income
-V. 157,
stocks
Preferred
income
on
int.
Net
Liabilities—*
Funded
res.
170,154
9,984
subsidiaries__i.^--L—
1943—12 Mos.—1942
116,532
1
165,664
—
charges-—r
of
1079.
p.
243,966
-
income
Gross
$60,601,876 $60,181,225
Funded, debt
accident.
157,
$7,792,823
—
operating
Interest
:;:'v:Total-'L—
lost-time
a
award.—V.
ware
-
(net) and
and exp. on sale of pfd. stks...
comm.
316,104
34,222
34,805
insurance,
Unamort.
without
cants
92,400
825,921
Unamortized rate case expense
work
134,755
386,200
expense
.
of
$8,001,236
taxes
Prop, retire,
906,466
295,964
Prepaid
by
payments
facilitate
solicitation of assents to the plan, according to a statement issued by
the management March 27.
The Commission's authority extends the
maturity of $45,223,100 first and refunding mortgage 4% bonds, due
May 1, 1943, to May 1, 1963.
This $45,223,100 bonds is comprised of
$42,992,100 bonds which will remain in the hands of the public after
payment of 10% on the principal of the bonds as provided under the
plan; and $2,231,000 of the bonds held in the treasury of the company.
The Commission's approval was given
to the plan without modifi¬
cations or changes,
the statement points out.
Commenting on. the
position taken by the only intervenor who, in the aggregate, claimed
to represent less
than 1% of the total amount of bonds involved in
the plan, the Commission in its report states:
"The position of the holders of the
first and refunding mortgage
bonds will be improved upon consummation of the plan because of
the
10%
payment of .the principal, the substantial sums which are
$634,905
taxes
U. S. Treasury tax notes—Li..—-—-.-,..-.
Opcr. and constr,
Approval
$686,407
revenues
expenses
Federal
8,762
Accounts receivable
Unamortized debt discount, premium
interest
Management Issues Statement—Approval to Facilitate
that first quarter sales for the
ahead of the same quarter last
Seventh Column"
Period End. Jan. 31—
1941
$5 >,357,736 $56,398,809
trustees and others-
deposited with
and the
.
—.v—~.-—
$4,776,900
by
Solicitation of Assents—
received 'an efficiency award from the
for the candy company's outstanding
25
Insurance
1,136.442
'
trustee, etc. —i—— —
Cash in banks and on hand——
will be reduced
$191,076 a year.
Dallas Power & Light Co.—Earnings-
by
held
for
March
on
Mutual
record
$228,619
1942
fund
company
Liberty
364,699
Consolidated Balance Sheet, Dec.
Property, plant and equipment
Cash
and securities in sinking
public
Curtiss Candy Co. of Chicago—Receives Award—
This
$593,318
■,
,$512,481
$487,!27
—
6,550
$873,044
360,564
than
1941, and
current year were running a little
year.—V. 156, p. 1861.
$2,671,517
Non-operating income
disbursed in preceding
was
annual
meeting originally scheduled for March 30, was post¬
poned until April 29 because figures for the year 1.942 have not been
completely audited.
•••>•
;
,
,
John F. Cuneo, President, stated that earnings for last year will be
1941
$6,304,700
3,588,343
Calendar Years—
Operating
A like amount
quarters.
Comparative Consolidated Income Account
Monday, April 5, 1943
*
Upon
consummation
of
the
plan
first«■mortpgft-tfceyJiands
the
George Whitney. President of J. P. Morgan & Co., Inc., has been
-of-the. ( elected n director to succeed the late;J.; Pi Morgan.—V. 157, ■$>. 440.
Volume
157
Detroit
.
Number 4165
•
Toledo
&
Shore Line
-February—
from
Gross
Net
Net
1941
$401,802
241,348
202,209
209,231
94,051
70,173
railway—803,016
railway...483,572
from
Net
ry.
J 1940
'$355,597
251,753
119,688
" '796,797
798,306
461,591
492,938
234,746
169,259
refund
not
Accordingly,
exceeding
$650,000
will
be
made
annual
references
to
104,074
Electric Bond & Share Co.—Shareholders Back Plan—The
of
reports
made
were
1269
total amount of $14,700,000 has been
a
sales.
the company
for the years 1940 and 1941,
voluntary pledges given by the company
to the Army and Navy to limit its
profits on sales of special military
apparatus and equipment to an amount not exceeding 10% of cost.
232,337
income...
oper.
from
the
In
457,159
186,227
deducted
761,522
•
additional
an
the Government.
1942
$363,932
from
Net
f
1943
oper. income..^
January 1—
ry.
From
RR.—Earnings—•
tiation
$399,042
railway—
from .railway——v
Gross
THE COMMERCIAL & FINANCIAL CHRONICLE
the
to
The Government has acknowledged that
any obligation of
for the year 1942 arising out of such
voluntary pledge
the company
will be fully
proposal by the company to spend $15,000,000 to purchase a
portion of its outstanding preferred stock in the open market was sup¬
ported March 29 by four stockholders in a hearing before a trial
examiner
No
of
cash
the
the
at
157,
Distillers Corp.-Seagrams Ltd.
Period End. Jan. 31—
.
after
Profit
charges
all
for
•.
$6,878,943 $25,077,467 $13,146,744
-
•
*6,486,465
'
.
;
sh—
per com.
excess
profits
has
ing Jan. 31, 1943,
respectively.—V.
.
been
taxes,
$2.00
.
taken
which
for
10%'
for
the
Truck
$4.38
U.
$3.00
S..post-war
three
six
and
credit
months
on'
end¬
"Net
<
income
States
and
foreign
$0.24
amortization, Federal income
capital stock!—V. 157, p. 602.
.
taxes,
tOn
etc.
It
the
r.
.....
will
156,
in
V.
such
of
less
is
than
157,
by
taxes
stated
of
$12,130,738 for United
$27,000,000 for United States
and
in
the
directors'
report
covering
and
enemy
enemy-occupied
countries.
were
the
of
required.
charged
was
has
been
profits
excess
of
for
tingencies.
that,
has
been
1940
our
the
of
result
a
in
contingencies
transferred
for
reserve
Dominion Oilcloth &
•
wholly-owned
subsidiary
Mexico,
Cuba,
Years Ended—,
The
directors
share
the
each
<
Like
31.
declared
usual
quarter
dividend
extra
an
of
10
cents
Panama
and
in
South
States,
Sales
amounts
during
1942
disbursed
were
and
1941.—V.
Jan.
on
157,
29,
last,
the
to
corporation
Products,
made
Ltd.,
ofler
an
Canadian
The
Tube,
John
second
Canadian
Tube
preferred
$37.50
corporation
of
preferred,
$100
and
par,
and
shares of
32,765
7%
of
preferred,
common
stock
par
shares
15.000
shares of
C4.000
of
no
130,896,780
non-cumulative
value
par
second
oper.—_
62,690,832
51,758,743
28,752.448
552,474
430,959
503,291
12,384
22,418
share
and
$5
If
share
a
$1,007,685.
nancial
the
for
shares
all
turned
are
The
offer
Post.")—V.
Duluth
common.
is
from
Net
ry.
will
1940
■
$136.728
*367.081
121,415
*772.100
291,645
241.084
*924.471
from
Net
ry.
*1,750,332
*1,232.362
*911,416
,*1.371.186
*1.598,738
264.544
.
.
Net
from
Net
ry.
v
1941
from
Gross
Net
from
Net
ry.
31,801
47,859
3.316
4,940
28,310
*8,513
.
557,096
'Deficit—V.
Balance
79,602
14,904
.
and
t27,000,000
15,500,000
4,662,743
2,460,802
2,552,118
expense—
589.105
3,500,000
to
subs,
lor. contingencies——,
available
Dividend requirements
for
div.
requirements.-
4'/j%
on
per
in
S.
21,588,790
prior pref. stk.
v
20,076,739
•
—V.
available
share
per
157,
to
6%
6%•
of
pref.
pref.
stock—
Accounts
42,569,721
38,697,282
52,275,968
50,784,786
21,183,515
21,588,790
20,076,739
21,537,577
72,352,707
10.000,000
8,429,405
—
156,013
369,942
369,942
The
total
sidiaries
13
sales
situated
periods
Co,—Annual
-
14.856,078
49,765,223
42,569,721
38,697,282
$8.57
$7.96
the
ended
Dec.
of
the
Western
1942.
26.
company
and
Hemisphere
Balance
hand
on
This
represents
owned
$219,759,664
Reserve
of
over
the year 1941, and 68% over the year 1940.
Sales to the U. S.
Government
and
to
prime contractors
contributed
largely
to
this
increase in business.
In
addition to the
an
dequipment, such as
fuses, and many other items
company
is
facilities
to
g.un-camera
The
in
products
Tennessee
during
to
the
Government,
the
the
by
year,
Tennessee
and
Eastman
Corp.
increased* 24%
sales
6%
the
of
"Tenite."
Eastman
Corp.
Certain
are
expected
'
:
products
new
to
be of
developed
considerable
and
S.
of
and
projects
investments
profits
and
167,306
def.
1941.
value
1,266,460
873,643
showed
a
amounted
1941.
year
that
were
decrease.
Renegotiation
the
-
Maritime Commission,
The
terms
agreed
tlon
and
upon
final
company
will
refund
contracts,
of
under
is
the
such
execution.
renegotiation have been completely
the Government, and the renegotia-'
terms
As
$14,050,000 to
a
and
result
the
provisions
of
United
such
is
now
being
the
renegotiation,
States.
The
estimated
sales were not finally- determined at the
proceedings, will be renegotiated in the near
that
as
a
result
of
such
—
.
sundry insur.
profit
in
wartime
for
stock
Net
from
3,187,492
6,283,518
Net
ry.
1,336,790
1,254,379
.
res.
.
Gross
This
Oct.
157,
1,
131.
p.
made
were
on
par)——
6,165,700
99,040,520
19,273,502
42,569,721
reduce
aggregate
amortization
par
of
$84,911,034
156,
in
p.
ended
March
25,
1943
the
■.
./.'
',.
tLess
1942
1862.
Light
Co.,
Jan.
29,
35
share
per
cents
to
on
30.
V.
31-
dividend
155,
*■
on
record
July
year-end
a
131;
p.
share
per
holders of
April
on
1943,
157,
Co.—20-Cent
dividend
a
payable
year
Oct.
were
and
15
of
April
20
2366,
p.
'
■■
...
Dec.
21.
Dividend—
cents
per share on
holders
of
record
to
9
follows:
as
March
cents
25
14.
30
cents;
each.—V,
mortgage
extended
of
as
May
the Bank
at
Co./Inc.—Bonds
first
1940,
1,
trustee,
East
156,
300
18,
of
convertible
to
1943.
Jan.
at
1950,
and
100
Called—
5%'': sinking
1.
supplemental renego-.
.
been
interest.
Pay¬
America
National Trust and Savings
St.,
San
Francisco,
Calif.—
Montgomery
Coast
Ry.—Earnings1943
1942
1941
1940
$3,124,674
$1,466,958
$1,366,037
$1,334,447
1,804.161
622,147
600,160
575,594
income—.
1,052,286
484,656
438.659
449,688
railway..—
railway..
5,629.247
2,800,441
2,686,792
2.543,688
2,961,912
939,260
1,050,968
957,522
income—
1,723,890
677,351
722,652
708.091
157,
May
1
1
1943
1942
154.756
17.358
11.2
91.561
71,0-17
,20,544
28.8
129,815
104,687
25,128
24.0
Amount
inputs of
any
Pet.
companies
A
with
SI
made
in
March 29
on
stock,
share
1930.—V.
Worth
from
Net
ry.
Nov.
on
157,
the same number
p.
a
dividend of
payable
was
10,
as
June
made
1942.
1
25
to
The
cents per
holders
March
on
1,
last,
previous
of
from
Net
from
Net
ry.
—V.
Auto-Lite
payment
was
City
1943
Ry.—Earnings—
1942
1941
1940
$1,025,113
$672,222
$427,945
$455,313
497,839
258,482
103,582
119.927
255,447
'192,532
39,709
55,703
2,006,687
1,345,243
868,105
906,247
932,354
480,705
206,472
211.039
467,202
340,593
82,052
78,977
income—
railway.—
railway..
oper.
income
157, p. 864.
49
Co.—New Vice Presidents—
J. R.
Padesky, J. A. Minch, C. L. Patterson, C. W. Pound
Falvey have been elected Vice-Presidents.—V. 157, p. 1080.
and
J.
T,
The
voting
West 37th
directors
trust
'
share
record
compared
From January 1—
Gross
%
$9,934,384
last year.
864.
Denver
&
railway.—
railway.
oper.
declared
$10,
par
from
Net
operation,
distribution
February—
'
1943—12 Wks.—1942
$3,241,474 $10,586,235
Bridge Works Co.—25-Cent Dividend—
similar
per
Fort
in
816.
p.
common
1.
Gross
1
stores now
directors
the
J.943—4 Wks.—1942
$3,224,015
...
75
are
Fort Pitt
The
XnCTCRSC
Stores, Inc.—March Sales—
—
—V.
$76,590,450
appearing in both periods.—V. 157, p. 1177.
Electric
*«
fund
have
railway..—
railway.——
oper.
There
System inputs of client
which are subsidiaries of
the system
cents
157, p. 992.
Sales
%:
172,114
figures do not include
and
Jan.
Food Fair
for
reserves
and
...
!.r."
Light Corp.
of
made
were
on
$1,
Period End. Mar. 20—
281,535,770 234,002,679
market value.
shares.—V.
50
8,816,051
6,165,700
no
Ohio—To
Warren,
1468.
from
ry.
—V.
Thousands of Kilowatt-Hours
The above
share
25.
on
January 1—
Net
19,273,502
Operating Subsidiaries of—.
Power & Light Co.
not
v
payment of the May 1,
per share.—V. 156,
of
dividend
a
declared
par
from
Net
2,500,000
..-
99,040,520
to
have
made
oper.
From
2,100,000
•
6.000,000
10,647,301
($100
dividend
a
Set Screw
from
Gross
—
&
the
$69.62Va
Co.,
paid.—V.
was
February—
49,765,223
Power
to
Welder
while
year,
share
&
due
be
p.
3,740,850
2,250,000
:
American
National
per
on
per
cents
March
cents
distributions
After
year.
amount
value, payable April 30
outstanding
Florida
_
—_
&
75
1942 —V.
Similar
last
declared
par
redemption
will
130,
8,455,384
Services Inc.—Weekly Input—
Power
75
record
last,
2,
July 1,
Perrelli Canning
&
Association,
inventories
operations..—
:
Electric
cents
remaining
which. 1942
the renegotiation
It
the
•
embodying
for
future.
of
by the company and
agreement
con--
Treasury Department, and prime contractors.
provisions
prepared
time
the
25
share
154, p. 540.
of
holders of
Jan.
distributions
cents,
bonds
33,804,054
'consolidated^— *.
to
preferred
.
of
per
payable May 25 to holders of record May 10.
paid on Dec. 28. last, which was the
Oct.
15,
1941
when
20 cents was disbursed.—>
stock,
the
57,086,205
contingencies.—
week
cents
cents
Payments last
20
of
called
operating companies of Ebasco Services Inc.,
American Power & Light
Co., Electric Power & Light Corp. and National
Power & Light
Co., as compared with the corresponding week
during
1942 were as follows:
■ ',- %
...'
,
Company has renegotiated prices under substantially all of its
tracts covering
1942 sales to the U. S. Army, the U. S. Navy,
9,676,572
_
31.
15,
gold
inventory losses and other
due
42,476,013
Ebasco
2,
will
declared
no
last
Cap
Fllice
on
to
25
dividend
a
and
&
25
have
directors
All
95,649,178
charges
——————.
in
v
par $1,
per
common
2,406,455
„
the
by
V
the
1237.
412,523
95,029,493
liabilities
31,
1,452,340
14,700,000
,
not
and
of
%■:%"
July
3,000,000
equipment
other
accrued
intercompany
reserves
a
Co.
of
485,565
1,982,107
—
tax—:
Total
*Less
dividend
extra
an
on
15.
Nov.
have
stock,
cents
The
the
8,944,725
496,475
stock
depreciation
elected
Wallpaper
member
a
-
dividend
1
April
and
arrearages
Similar
Oct.
45
p.
surplus
the
been
United
':
17,026,864
7,478,741
taxes-——
Earned
1
directors
10.
March
'
surplus
For
foreign subsidiary companies, not consolidated,
to
$6,732,335, a decrease of 24':
as
compared with the
Sales by the parent
company to those foreign subsidiaries
likewise
for
has
Co.,
of
named
been
2130.
p.
paid
Machine
common
Ferry
50.870,883
payable——.
cumulative
<fc
has
2305.
p.
1919.
not
cos.
housing
excess
and
possible
.
to
consolidated
for
June
since
renegotiation of Govt, contracts
Paid-in
were
over
,
shave has been declared on account of accu¬
6Va%, cumulative preference stock, payable May 1
record
directors
April
$
65,145,484
——
——
and
machinery
payable
of
payment
V.
for
Common
♦
-
;
Federated Department Stores, Inc.—r35-Cent Dividend
281,535,770 234,002,679
for
Reserve
principal products of that company are acetate
staple fiber and plastic molding materials.sold under
war,effort.
Sales
supplied
as.
26,
$2. per
the
on
2,
The
deposit with workmen's
on
taxes,
adjustments
The
year.
rayon yarn and
the trade name
the
manufactured
demand
great
previous
being
devoting a very substantial portion of its manufacturing
furnishing the armed forces with x-ray films, aero films,
films, aero lenses, and other related products.
8,
were
Dec.
Grain, Ltd.-—$2 Preferred Dividend—
dividend,
156,
25,543,021
27,993,902
_____
!_.-
Assn.
U.
subsidiaries
Reserve
special military apparatus
height-finders, telescopes, aiming circles, time
and
32,743,937
56,357,569
securities--
——————
Workmen's compensation and
the
21%
of
increase
an
sub¬
for
1941
Light Co.—75-Cent Dividend—
April
on
with
the
Dec. 27, '41
22,618,233
marketable
commissions
for
Poor
declared
cents
each
capital stock,
and
——
payable
50
compares
V.
Sheet
—
Provision
wholly
its
was
record
April
1606.
$8.40
receivables
U. S. Govt,
$1
Federal
52,275,968
$8.41
—
insur.,
Dividends
volume
in
in
each;
cents
President
on April 1
paid
stock, par $25, to
first
14,518,440
other
buildings,
Accounts
Report—
of
stock, payable April 1 to holders of record
quarterly dividend of 25 cents was paid on
Electric
This
369,942
17,332,091
(estimated)
Kodak
1943,
the
2,000
——
369,942
1~—-
Wage dividend
Eastman
March
The
14,318
—
13,618,071
and
credit.
of
quarterly
regular
with
and
ment
992.
p.
Payments
20
share
per
on
Pay 50-Cent Dividend—
Consolidated
Employees
156,
recently
usual
common
holders
5,000,000
)—
k;
and
consolidated
; Total
$5.36
paid
V
H.
common
A dividend of
p.
60,286,072
——
receivable
Post-war
$2,004,556
$5.85
20,
cents
holders
to
share
72,322,363
63,753,236
—_
Marketable securities
1,108,729
$2,187,385
—
stock—-
1942.
Vice-President
company
Federal
Liabilities—
Balance
Earned
in
10
5
per
1510.
p.
of
April
cents
Oct.
and
Yates,
Eversharp, Inc.,
A
mulations
to
Dec. 26, '42
banks
the
20.
the
—
20,818,200
$3,113,285
1,108,729
20
2, last, and In each quarter, during 1942.---V.
1942,
,
share
com.
Govt,
tLand,
$3,296,114
dividend
a
payable
with
res.
common
Noncurrent
50,000
\
Creamery Co.—Extra Distribution—
value
compares
elimin.
compensation
$3,113,285
charge of all manufacturing, traffic
His
headquarters
are
in
declared
30
William
of
Fall River
1,600.000
2,500,000
21,183,515
the consolidation
Kodak
598,574
$3,346,114
—
2037.
p.
activities,
stock,
committee.—V.
and
The
'
Investments in and advances to subsid.
$10,926,720^
5,294,481
——
income
4,798.318
(less defi¬
surp.
of
Prepaid
Net
•
25,616,518
7,573,218
on
—
transf'd
Inventories
4,172,752
$11,690,502
—
*U.
$15,099,472'
4,507,228
depletion
and
-
Provision
29,249,957
12,729,967
————
surplus
and
par
Jan.
excess
(est.)—
•
Cash
1942
$16,197,730
taxes
...
Balance
*34,295
'
1943
•
—
discount
S.
taxes
•
Associates—Earnings—
Income.—.
Interest
Debt
52,318,757
12,130,738
$
income
Depreciation
463,060
Assets-—
Fuel
&
consolidated
for
299,833
298,455
3,775'
155,
directors
March
*Depreciation charged to operations were $10,915,338 in 1942, $8,708,890 in 1941, $7,849,010 in 1940 and $6,992,849 in 1939.
fAfter post¬
war credit of $3,000,000.
157, p. 992.
Eastern Gas
Provision
193,710
Earned
.
156,
a Vice-President, it is announced.
Manager of the corporation's manu¬
in
distribution
June
Preston,
share
——
63,814,253
Earn, surp., end of yr.
892.
4R646
12 Mos. End. Feb. 28—
Total
26,079,578
*13,472
357,487
120,138
26,912
income
547,190
75,709
railway
.
only
Fairmont
168,181
$147,340
railway.—
oper.
U.
Dividends,
1940
$161,317
railway--—income
29,799,790
250.000
(est.)
Divs., preferred (6%
1942
$243,825
workers
Zinc, Inc.—10-Cent Dividend—
compares
7,
director
executive
for¬
&
contingencies
from
1943
oper.
for
cits)
From January 1—
.
S.
taxes
for
Earned
Ry.—Earnings^—
$268,437
railway
52,512.467
Goodwill written off-.:.—'
Atlantic
&
February—
from
Fred
and
'
Shore
cents.—V.
no
—
U.
inc.
Provis.
157, p. 992.
South
Duluth
for
eign
*1,057,677
'Deficit.—V.
66,701
63,897,702
———_
83,449
income
Total
*750,203
1,771,061
■
'
Gross
Net
Amount
income—
oper.
339,271
201,250
charges
Provis.
*517,953
railway,--railway,:;—.*
Association
workers.
537,298
103,773
——
Earn, surp., begin, of yr.
Net profit for year—_
$134,238
*430,391
joint appli¬
hourly paid
elected
research
recently
This
April
director,
excess
Net profit for the year
*564,280
;
—
Provision for possible invent, losses and other
be
"Fi¬
(Toronto
1941
$168,580
-
—.—
consolidated..
not
Other
January 1—
Net
1
15.
1942
*917,201
income,.-,
required
a
Employees'.
hour for
Eversharp, Inc.—New Director, etc.—
for losses of sub.
cos.
Range Ry.—Earnings—
$197,882
from
S.
adjustments
Iron
,
cash
May
noon.
1943
railways
oper.
From
Gross
12
U.
income
Provis.
1011.
p.
&
February—
Gross from railway....
Net
until
sale of sec.
income
profits
of
amount
been
common
the
year,
The
•
the
open
155,
Missabe
in
from
of
Total
holds over 50 % of the senior preferred and the common,
classes alone carry voting rights.
prices offered by Dominion for the remaining shares are $110 a
for the senior preferred;
$10 a share for the second preferred,,
The
office
employees
-
par
29.,
follows:
25,385,688
1,103,097
Dominion
which
piece
the
contained in
was
company's
per
regional
all
,
$1
March
98,448,388
the
preferred,
Schaefer has
directors
the
stock.
common
for
the
the
was
formula.
123.834,076
102,144,332
prof. tax. (1917-1919)
which has outstanding 15,000 shares of 7%
value, on which there are dividend arrears of
amount
Steel"
structure.—V.
wage
manufacturing
7,212
of
H.
The
11,856,298
181,831,909
Other
shares
7,969
8,277,952
130,073,166
Refund
company,
share;
a
held
same
York;
Dec. 28,'39
157,068.832
Net prof, on
.
Dominion
shares of
$35
acquired control of Canadian Tube & Steel
through stock purchases on the open market and has
to
purchase the stock ol' the other shareholders of
further
Canada,
219,759,664
sales &
Income
has
hour
per
hour by
per
this
cents
Schaefer, formerly General
facturing department, continues
90
..W;
cents
"Little
Mr.
con¬
last
8,840,560
denied
Ethyl Corp.—New Vice President-
,
.
6,732,335
—
20
the
have
the
exps.—
*Cost of
Dominion Steel & Coal Corp., Ltd.—Acquisition—
Tiie
%
not
cos.
-
Total sales
in
cents
Evans-Wallower
Dec. 28,'40
5
that
the
company
and
increases of 10
for
of
Interest and dividends—
and
690.
p.
subs.
to
.consolidated
the
7
America)
Dec. 27,'41
of
ruled
under
New
United
March
on
company's three plants, only one was in operation at the
beginning of the wage stabilization' period—Jan. 1, 1941., The other,
two plants
began operation during the latter part of 1941, and the
early part of 1942 at the request of the War Department.
All three
plants manufacture precision instruments for the armed services and
213,027,329 172,991,349 122,618,828 111,977,778
,
per
by
Of
Statement
companies
Dec. 26,'42
Net sales to the trade—
quarterly dividend of 30 cents per share on
both
payable April
30
to
holders
of
record
stock,
common
March
have
the
and
Linoleum Co., Ltd.—Extra Div.
increase
which
-
to
and
Income
Board
pay to the approximately 5,200 workers in this
plants at Elgin, 111., On Feb. 4, 1943, these workers
an
NWLB,
and
the company
Accordingly,
the
to
loss
granted
entitled
called
1941.
amendment
an
report,
1940.
year
in
Labor
The request for the wage
adjustment
,■
Consolidated
(And
as
to
for
tax
foreign-investment
for
reserve
referred
such
$1,600,000
company's
the
determined
tax law
liability
no
The
to
War
rates of
three
and
been
contingencies
the
in
cation
This
on
,
National
the
were
deduction
a
over which the SEC reserved juris¬
in authorizing the company to spend,
to retire its $5 and $6 preferred stock.—
occasion
purpose,
1080.
p.
company's
(as well as the year or years in
can
not yet
be determined.
However,
settled, it is planned to transfer to the
that portion of the tax reserve which proves
as
a
Elgin National Watch Co.—Wage Increase Denied—
The
provisions
previous
a
a
the
allowable)
has
longer
provision
1772.
p.
be
point
for
no
now
has
distribution was made March 26 by Merrill Lynch,
Pierce, Fenner & Beane and associates of 12,224 shares
of class A (no par) stock at fixed
price of 39%.
Deal¬
70 cents.—V.
As
allowable
loss
It
be
to
ary
was
income
taxes.
investments
reserve
$55,301
$0.04
Dixie-Vortex Co.—Secondary Distribution—A second¬
ers' discount
reduced
foreign
this
when
1942.
$10,459
__
<;v;v
effect
concerned,
are
materially
policy has been followed in estimating the tax liability for the
year 1942, as United States Treasury regulations defining the write-off
provision's of the Revenue Act of 1942 have not been issued and the
which
1943
depreciation,
225,000 shares of
net
interests
very
$14,700,000.
been
profits
$13,978,528
'After
the
rates,
amount
operations of the company, the provision for taxes was calculated
without taking into consideration any; deductions from taxable:
profits
that will eventually be allowed because of the loss of the
company's
Co.—Earnings—
_
share...
per
tax
stockholders'
an
same
approximately $447,000 and $1,047,000,
'Quarters Ended Jan. 31—
fEarnings
of
1941
$5,672,048
343.
p.
high
the
as
on
creases
have
ultimate
Divco-Tvvin
far
Taxation
Profits
excess
$8,093,362
$1.62
the
credit
amounted to
157,
in
•
1,000,000
______
$3,707,997' $3,056,728
credit
7,474,696'
present
profits
T\;%-
3,822,215 "15,984,105
contingencies
v "'No
the
as
reduction
above-mentioned
>>
.
profit
Earnings,
of
renegotiation,
1943—6 Mos.—1942 ,'y
oper.
———$10,194,462
■■'■.taxes /—IL.-..—%*
Net
diction
$7,000,000 for such
Because
(& Subs.)—Earnings—
1943—3 Mos,—1942
Income and excess prof;
Prov.
discharged by payment of the refund provided for in the renegotiation
863.
p.
hearing expressed opposition to the proposal,
of
which the holding company would use
including $3,000,000
agreement.
—V.
the
consummation
hand,
on
SEC.
present
one
toward
Street
have
Corp.—(N. Y.)—$1 Dividend—
declared
certificates
a
dividend
representing
of
common
$1
per
stock,
share
no
par
on
the
value^
*
■.
jrayable
April
holders of . record April 1.
This compares with
last, and $1 on April 15, 1942.—V. 156, p. 1237.
to
8
$1.50 paid on Oct. 15,
Island, 111.—10-Cent Dividend
Gellman Mfg. Co., Rock
declared a dividend of 10 cents per share on
the capital stock, par $1, payable April 24 to holders of record April 10.
A similar distribution was made on Dec. 9, last year, as against 5 cents
each on June 10, 1941, and on Aug. 15, 1940.—V. 156, p. 1863.
have
directors
The
Liabilities—",
Accounts
annual report to stockholders states
delivered as great a quantity as possible
been
called upon to
produce.
Deliveries
that during 1942 company
of the war goods it had
to the Government have
generally been made in accordance with or ahead of schedule, its prod¬
ucts have met the specifications required, and various representatives
of the Government have commended the company for its performance
two years company has utilized the services of
companies in 32 States on subcontracts involving
for work it would normally perform in its own
other
1,400
$250,000,000
over
plants.
In these cases, company has furnished its designs and
experience and has assumed responsibility for work performed by
subcontractors.
amount
limited to that amount which company considered
to produce and deliver within the time specified.
able
orders
unfilled
of
amount
The
on
itself
in
year,
and more than three times the average for the five
ended with 1940.
On the basis of original contract prices, the
value of 1942 shipments was $1,047,134,843, but
this amount was
reduced by $69,360,217 as provision, applicable to the year 1942, for
voluntary price adjustments on war contracts.
contracts undertaken by the company in¬
volved products with which it had little or no previous manufacturing
experience or for which the engineering designs had not been com¬
pleted, and in such cases the initial contract prices were establishd
on
the basis of estimated costs.
As production increased, it developed
that substantial cost savings were being effected and, therefore, com¬
pany adopted the policy of reviewing the financial results of completed
and partially
completed war contracts in order to determine the
amount
of such savings and to offer price reductions to the Gov¬
the end of 1942; this policy had resulted In offers to reduce
the aggregate price of
119 war contracts by $95,053,000 and addi¬
tional
offers
are
under consideration.
Of the total, the amount
Up to
shipments, as shown above, was $69,360,217.
In
addition,
repeat orders for the products involved
have been taken
at prices equal to, or less than,
the adjusted price of the original
contracts, with corresponding additional savings to the Government,
1942
Under the terms of
the 1942 Revenue Act, 10%
sheet as a non-current asset.
($17,000,000) is carried on the balance
also
report
Planning—The
states:
management of your company has believed and advocated
far many years that through widespread and intelligent, planning by
Industry, with the cooperation of labor and government, ways and
means
should be found of lessening the violence of fluctuations in
business activity, thus softening the impact of depressions, stabilizing
employment, and helping maintain high standards of living.
"The
ends,
these
"To
a
Special Planning Committee was
appointed dur¬
the year 1941 for the purpose of coordinating the efforts of
your company's management groups
to become prepared to resume
regular commercial activities promptly at the conclusion of the war.
It
is
hoped that by developing new
materials, new products and
better methods, and
by improving and broadening the established
lines of business, a
definite program may be formulated which will
ing
permit the full utilization of facilities and manpower in
demand for those electrical goods and services which
the
supplying
contribute
importantly to the American way of living.
Committee has carried on, and will continue, such long-range
so
"This
planning activities,
but only
to the extent that they do not interfere
company's responsibilities in the present
with the full discharge of your
emergency."
Income Account
for
Calendar Years
1,047,134,843 679,333,760 411,938,259
billed
sales
304,680,270
797.852,275 497,254,031 312,355,443 258,126,983
23,118,884 20,954,538 14,805,495
13,893,184
32,660,103
84,777,321
226,163,684 161,125,191
from sales-
inc.
Int. and divs. from affil.
10,709,927
Inc.
13,024,505
11,923,561
7,728,562
324,340
1,063,202
582,399
165,295
194,089
225,898
222,829
To
1,758,703
734,973
bank
on
Royalties
Total
—
:
(net)
charges:
41,470,402
98,241,083
238,081,458 177,197,499
income
Financial
—_—
——
120,000,000
42,000,000
See *
45,081,458
57,197,499
56,241,083
41,235,644
of
ginning
.
Cash
Earned
of
surp.
per
845,927
163,907,031
Cr708,059
53,294,446
40,305,054
40,329;394
stk,
50,427,125
$1.98
$1.56
par)
1
■
Balance' 'Sheet,
employed
£
^
1941
The
in
an
44.161,584
54,561,460
30,000,000
76,471,879
269,670,815 1)97,929,849
______———
(less reserves)
—————
collections on contracts——
— Crl03,281,710Cr50,926,957
Marketable securs. deposited as guaranties—
1,408,000
1,558,000
A.ccts. and notes receiv. not cur. (less reserves)
5,127,922
3,311,551
Progress
to
employees
to
——
_____
employees for traveling expenses—
:
(contra)—'———
Deterred charges to income for pensions—.
Prepaid
Assets
expenses
of
Post-war
*
Patents
t
,
<
;—
employee plans
tax
Investments
fPlant
refund
-
(est,).
—
in
for
increases
South
tne
International
The
AFL,
Union,
—
—
_
^
and equipment—
—____________
and franchises—'—
________
,
32,000
230,003
897,148
10,971,391
3,000,000
50,464
205,627
193,073
4,741,270
4,000,000
17,000,000
133,243,861 129,137,979
66,767,673
61,682,632
,
1
1
tv'v,-
*' Total
Approved—
$1.50
of
cumulative
$6
15
May
per
convertible
to
-Earnings—
1943—2 Mos.—1942
1943—Month—1942
$298,745
$301,651
$140,544
struc.
35,804
33,424
71,031
67,278
equipment--
21,357
21,045
43,143
41,519
9,839
of
10.068
19,534
20,016
98,862
revenue.
&
way
of
Traffic
48,055
46,676
95,782
___
5,475
6,678
11,839
12,703
oper.
$25,163
$22,654
$60,322
$58,367
Ry. tax accruals—reg.
•Railway tax accruals.
4,722
9,468
9,608
tRailway tax
$Railway tax
accruals,
2,232
accruals.
2,065
Ry. operating income
Equip, rents—net bal
Joint
facility
rents-
$16,143
$13,794
$42,294
$40,421
Dr4,713
Dr7,036
Pr8,107
Drl6,239
£>rl,933
Drl.932
Dr3,964
Dr3,899
$9,497
$4,826
$30,163
$20,282
1,053
976
2,074
1,860
$10,551
$5,802
$32,238
$22,142
Transportation
General
Net
Pa.
The others, em¬
Allentown, Pa.; Perth
N. J.; Mt. Carmel, Pa.; Evansville,
River, N. J.
River, N. J., plant, are provided for
Cigar Makers
the NWLB for
expenses
fr.
submitted
jointly
and
to
rev.
ry.
4,804
vV
Crl33
•'
2,028
4,169
2,028
-
4.520
4,172
4,169
ment of Birds Eye Foods
Control
Unilever,
&
Gross
England,
London,
Edwin
Ltd.,
T.
Gibson,
increased to £800,000. Of
for cash 600,000 "B" ordi¬
is
Ltd.,
Foods,
Lever is acquiring
issue,
new
shares, parl£l each.
The balance, or 100,000 "A" shares, par
£1 each, will be issued to General Foods as consideration for patents
and rights in processes of quick freezing and necessary apparatus In
all parts of the world outside of the United States and its possessions.
Lever Bros. & Unilever, already well interested in the preserved foods
industries and planning to develop along new lines after the war, will
extend the processing and sale of Birds Eye quick-frozen foods to all
parts of the world outside of the United States and its possessions.
Frosted Foods, Ltd. plans further intensive development as soon as
from
323
•Federal
Tax
670
654
$5,479
$31,568
$21,489
Transportation
on
Taxing Act of 1937.
Of
323
$10,227
income
Surp. applic. to int.—
Corp.,
capital of Frosted
£700,000
income
income.
income
Dcduc.
has been sold to
Vice President of
announced on March 30.
Frosted Foods Sales
Corp.,
a
subsidiary of General Foods Corp., packs and distributes
Birds Eye quick-frozen foods in the United States.
"Sale
of control of our British subsidiary to the world-known
Lever
interests," explained Mr. Gibson,
"has no effect on domestic
Birds Eye sales.
Frosted Foods Sales Corp., always has sold its entire
production of quick-frozen foods within
the United States and its
territories and possessions, and will continue to do so."
Frosted Foods, Ltd., was formed June 15, 1938, to develop the quickfrozen foods business in the United Kingdom and to put the use in
the British Empire the patents and rights which General Foods owned.
Of the original capitalization of
100,000 pounds of sterling, General
Foods Corp. or its representatives owned 75% and Robert Ducas, wellknown
In dry-ice and allied businesses
in London, heading British
interests, owned 25%.
Under the terms of the Frosted Foods-Lever Bros, agreement the
Foods
nominal
...
oper.
Non-operating
Develop¬
Abroad—
Ltd.,
Foods,
Frosted
of
Bros.
General
balance
ry.
are
General Foods Corp.—Joins Lever Bros, in
Lever
net
Net
apply
to
increases
JFederal
Property.
tFederal Railroad
Unemployment Insurance Act
of
Railroad
1938.
Period—
—Jan. 1 to Mar. 21—
—Wk. End. Mar. 21—
1943
Operating revenues
—V. 157, p. 1179.
Georgia Power Co.
Period End. Feb. 28—
Gross
Prov.
:
for
Federal
income
Fed.
1943—12 Mos.—1942
$3,346,451
1,413,852
15,985,445
394.300
376.540
4.531,100
18,058.652
4,105,540
1,327,700
786,503
3,819,106
3,459,911
1.729,114
2,318.006
__
$43,231,513 $37,932,909
taxes..
profits
exc.
Earnings—
,
taxes
1942
$401,620
1,295,410
___
deprec
General
$404,526
$3,912,936
,
expenses
•1943
$37,385
1943—Month—1942
revenue
Operating
1942
$36,050
—
7,579,539
357,507
$9,587,209
$9,633,293
taxes
nary
the
cooperate with the Lever
management in every way possible, with its information and 'knowhow', and in that sense Frosted Foods, Ltd. will be a joint operation,
the management of which, however, will be undertaken by the Lever
interests; as majority owners."
For the past four years, despite the war, Birds Eye products, packed
in England from British grown fruits, meats, poultry, and vegetables,
have been sold in the United Kingdom, where they have gained con¬
siderable attention and popularity.
General Foods will continue to have representation on the board.
Foods,"
said
"will
Gibson,
Mr.
Revealed in Survey by
Current Views
Stockholders'
An
given
General Foods Corp.
"Although
only
first
the
have
replies
6,005
tabulated,"
been
Mr.
"we believe they give a fairly representative picture of
stockholders in 1943.
Our new study was made to assist
said,
American
understanding better the problems of the share¬
learn what
they think about our
policies and
management
holders,
and
in
to
Interest and oth. deduc.
Net
-V.
represented
year,
despite
1942
of
$2,250,548,859,
of
sales
material
war
$2,436,800,977
extraordinary
the
Alfred
413,000
$1,«
which
products, nearly equaled the
1941, the corporation's peak
in
Jr.,
difficult
problems
that
stated April
chairman,
had
stockholders
his
annual
2
report
be
to
war
in issuing
subtitled
share of common stock, after deducting dividends
the $5 series preferred stock, was $3.55 in 1942, as compared with
in
per
1941.
income
Net
of
consist
for
amounting
nature
special
the
to
year
1942
$31,129,475.
reduction of $28,906,475
a
included income items
These special income
in
the corporation's
1941
profits taxes resulting from the write-off of foreign
investments in enemy territories and a
recovery by the corporation
in
settlement of a stockholders'
action.
Excluding these items, net
income
on
the common stock amounted to $2.84 per share in
1942.
and
Dividends
in
1941
excess
paid on
to
$2.00
Provision
in
taxes
for
1942
the
common
1942.
in
United
amounted
amounted
taxes
to
States
to
stock decreased from
223,005
2,676,064
2,630,349
$230,972
$3,175,702
$2,705,200
1943
1942"
1941
1940
railway..:.
$855,538
$584,590
$364,332
$296,6G8
Net from railway
Net ry. oper. income.__
371,826
227,330
93,215
47,220
314,145
198,060
79,001
40,097
1,750,303
1,165,134
750,182
594,371
803,141
431,854
195,852
696,212
375,580
171,189
FebruaryGross
from
From
Gross
January 1—
from
railway
Net from railway____._
Net ry.
oper. income—
88,396
72,294
,
—V. 157, p. 993.
1943
Net
ry.
1941
1940
$333,963
$349,136
283,543
104,451
132,300
$228,897
53,591
89,971
52,233
55,745
27,168
1,111,674
653,066
720,794
455,858
549,708
184,414
278,980
96,579
178,309
88,258
136,558
44.302
income___
oper.
From
Gross
1942
$563,676
February—
from railway
Net from railway..
Gross
January 1—
from
Net
from
Net
ry.
railway
railway
Income
oper
■
157, p. 864.
Great
foreign
$124,500,520.
$287,992,343.
$3.75
The
and
income
In
1941
per
decreased
excess
provision
excess
share
for
profits
these
profits tax
1936
Act
through
of
each
1939,
year.
in
accordance
with
the
Industries,
Automatic Products,
Inc.—Stock
Option
Ex¬
Inc. above.—V. 157, p, 132,
.
.
provisions of
$8,673,323
$5,718,270
$5,051,72:
3,163,724
2,280,526
764,020
787,035
Net ry. oper. income..
From
1,426,195
from
ry.
42,846
13,321
17,804,210
11,804,676
10,642,555
railway-
6,717,275
4,390,033
1,630,265
1,804,23]
income..
3,085,477
2,067,608
70,427
242,745
oper.
157,
1,062,994
23,807,268
January 1—
railway...
from
Net
—V.
898.
p.
Green
Bay
Western RR.- -Earnings-
&
1943
1942
1941
1940
railway____
$198,426
$174,702
$144,476
$133,428
railway.—.
70,908
65,617
42,944
40,574
income
40,028
38,027
17,844
22,187
410,598
348,839
313,336
282,111
152,975
117,323
104,504
84,029
92,160
62,218
54,700
46,036
February—
Gross
from
Net
from
Net
ry.
From
Gross
oper.
January 1—
from
from
Net
ry.
—V.
1940
$11,896,057
Net
Gross
1941*
1942
1943
February—
from railway:—
from railway
Gross
railway
railway
oper.
157,
p.
income
898.
in
as
profits
Revenue
American
ercised—
Net
and
compared with 1941, is accounted for principally by the lower
realized on war production sales in 1942, as a result of the
corporation's pricing policy,
In 1942 the amount includes provision
for United States excess profits taxes of $30,373,494 after deducting
$3,374,833 for the post-war credit applicable thereto.
United States
excess
profits taxes were $171,931,086 in 1941.
The United States
excess
profits taxes were computed on
the basis of the excess of
the income subject to such taxes over average earnings of the four
1942,
223,005
$364,287
_______
157, p. 993.
Net
War."
at
Motors
Sloan,
P.
than
more
income
income
4,297,743
$5,335,550
Great Northern Ry.—Earnings—
1942 in connection with the changeover from peace to
during
production,
the
of
sales
total
"General
total
Motors'
of
a
3,735,443
$5,851,766
study
General
Net
315,578
$453,978
Georgia RR.- -Earnings-
See
to
308,234
pref. stock
on
Balance
'$769,556
$587,292
income
Divs.
—V.
has aided us in preparing the type of annual report
most acceptable to shareholders.
Our annual report, issued March 12,
reviewed subjects in
which shareholders expressed particular inter¬
est. "~V.; 157, p. 1178.
"The
met
$895,526
_______
Georgia Southern & Florida Ry,—Earnings—
inkling of what stockholders in America are thinking about is
In a survey released on March 28 by Clarence Francis, Presi¬
of
dent
Gross income
ends.
war
years
724,640,750 557,078,412
dividend
a
the
on
payable
$145,693
operating
Maint.
requested approval by the Board for the same rate of
to the other plants, which are unorganized.
to be retroactive to Nov, 2, 1942.—V. 157, p. 993.
company
increase
the
value,
Georgia & Florida RR.
approval.
All
declared
26
accumulations
par
Period End. Feb. 28—
Ry.
13 unanimously approved
March
on
of
no
agreement between the General Cigar Co. and the
credits
—J—
54,521,295
U: S. Treas. notes for tax payments——— 106,000,000
Accts. and notes receiv. (less reserves.)—:
108,007,589
Advances
Board
Amboy, N. J.; New Brunswick,
Ind.; Nanticoke, Pa., and South
of
$
51,044.762
—
Marketable securities
Loans
territories.—V. 157,
stock,
holders of record
April
10.
A like
amount
has been
paid each quarter since and
including Nov. 15, 1941.
The previous payment, a quarterly of $1.50,
was made on July
1, 1931.
Arrearages as at April 1, 1943, amounted,
it is said, to $61.50 per share.—V. 157, p. 603.
electronic
industrial
p. 1081.
all
for
responsible
be
1,763 workers, is located at Kingston,
from about 200 to 900, are located at
ploying
ploying
$4.44
Dec. 31
1942
Inventories
specialists
March
on
account
on
preferred
a general wage increase of 5% for 5,000 cigar makers
eight plants of this company.
The largest plant, em¬
the; grant of
on
-
WS■
Assets
Cash
will
National War Labor
The
value
figure.
this
specialists
898,195,445
'
in
share
18 General
throughout
application problems,
in G-E offices
electronic
electronic
General Cigar Co., Inc.—Wage Increase
146,328,483 136,479,879 128,351,352 124,310,036
sh. on 28.shares com.
(no
The* directors
1081.
13, 1942 totaled 219,430.—V. 157, p.
General Motors Corp.—1942, Annual Report—
$1.95
$1.43
'"Federal taxes included in "costs, expenses and all charges" item.
tAfter provision of $223,697,000 in 1942, $144,978,000 in
1941, $54,■943.000 in 1940 and $21,013,000 in 1939 for total taxes.
fEstimated
post-war tax refund (credit) of $17,000,000 offset by provision of
$17)000,000 for post-war adjustments and contingencies not included
stock
a
General Steel Castings Corp.—Accrued Dividend—
time
Maint.
at end
year
Earns,
181,561,337 185,548,851 180,551,119
Cr5,096.£40 Crl,358,153 Crl,094,679
com.
on
122,671,387
——
invests
of
divs!
over
all
an
activities.
136,479,879 128,351,352 124,310,036
year
surplus
Total
Reval.
be-
at
surp.
Secretary,
of 3,816
reached
for the dividend to be paid
announced on March 27.
year ago, when the number
have been appointed, according to an announcement by
N. Hume, Commercial Vice-President of the General Electric Co.
the
for year—
inc.
tNet
^Earned
with
industrial
Francis
profits taxes— $193,000,000
■excess
increase
applications in their
234,758
.
for Fed. inc. and
Prov.
in
General Foods—
sundry
and
revenues
W. W. Trench,
an
industry
help
E.
balances
receivables
and
$185,519,138
$8,305,214
and
country
These
636,375
marketable,
from
securitiesl
Int.
J.
280,067
689,418
and misc. invest.
cos.
1942
Appoints Electronics Specialists—
"General
Costs, expenses and all
charges, except plant
depr. and finan. chgs.
Depreciation-Net
1939
1940
1941
1942
Net
12, record date
of stockholders on March
of the excess profits
the year will be refunded to the company in the form
of non-interest bearing Government bonds.
Since these bonds are to
he
non-negotiable and non-assignable until the termination of the
war
and will mature on the last day of the second year following
the
cessation
of hostilities,
the estimated amount of the refund
Post-War
in
stockholders
Electric
March
on
1943,
shows
General
of
number
This
for
paid
$8,115,949
war
ernment.
tax
of
surplus
Number of Stockholders—
Record
The
the
to
capital
high of 223,246
Electric
applicable
1942 and $487,472 in
1942 and
1941.
record
Government
724,640,750 557,078,412
—
for investments of $6,859,205 in
1941.
years
Many
180,^87,046:
146,328,483 136,479,879
depreciation reserves of $200,588,256 in
^Includes
54% greater than in 1941, the previous
Shipments during 1942 were
15,130,381
14,933,233
i
total
payrolls at home and abroad were $859,314,062 in 1942 as
against $669,744,870 in 1941.
Average number of salaried and hourlyrate employees on the total payrolls for 1942 was 314,144 as compared
with 303,837 for 1941. *
In discussing various employee plans, the Chairman revealed that
in 1942 there were paid through the corporation's group insurance plan
benefits totaling $7,235,840.
This amount included payments to bene¬
ficiaries of
1,192 employees who died during the year.
Temporary
disability benefits resulting from sickness or non-industrial accidents
were
paid to 27,377 employees, and benefits WFfa paid to 19,039 em¬
ployees
under the
surgical
benefits
and
hospitalization
insurance
features of the plan.
Since the inception of the corporation's group
insurance
plan in December, 1926, claims totaling $61,131,104 have
been paid.—V. 157, p. 1179.
1941.
tLess
preliminary to the issuance of his annual
the corporation,
Chairman of
The
180,287,046
_
_________
1942
report to stockholders.
•
reserve
April 26,
pending at the close of the past year was equivalent to approximately
15-months output at current production rates and prices.
•
400,000
31,753,764
con¬
17,000,000
stock
Payrolls-
and payrolls of General Motors reached all-time high
despite interruptions occasioned by the transition from
production of civilian goods to the production of war materials, it
was
disclosed on March
30 in a statement by Alfred P. Sloan Jr.,
in
the
glssued 28,845,927.36 shares of ho par Value.
business
assured
plus
hand
400,000
35,380,144
:
Total
Record
4,741,270
10,971,391
and
securities
Employment
em¬
reserve
SCommon
new
purposes,
other
•
Surplus
77%
The
J941.
and
adjustments
post-war
tingencies
$2,003,039,023 of new business was booked during 1942,
greater than the previous record total booked during
business obtained during 1942 was, for all practical
of
total
A
an
its
the
savings
$500,023,010 at the end of
ment
levels
reserves
for
$General
(not current)——
Coffin Foundation.
A.
Reserve
__
(contra)———1.
plans
ployee
"Less
past
the
During
£Ome
_
—
——
under-war
Collections
respects.
these
in
unpaid
payable and accruals
Accts.
Charles
The
items—___—i_
accrued
Other
Dividends
with
29,408,790
18,122,712
193,000,000 120,000,000
77,412,867
31,683,230
956,494
783,921
10,083,343
10,069,634
8,478,959
7,626,575
;
Due to affiliated companies—,■
working capital at the close of 1942 was $652,326,139, compared
1941. Cash and United States Govern¬
totaled $344,746,265: at. Dec.. 31, 1942,. a decrease of
$136,565,626 from the balance; at the close of the .previous ■ year.Net
^
'j
—
Accrued Federal Income taxes
Miscellaneous
Electric Co.—Annual Report—
General
,v'»
•
payable
Monday, April 5, 1943
CHRONICLE
THE COMMERCIAL & FINANCIAL
the
Gas Light
Greenfield
The
the
ments
Dec.
company
common
last
28, 75
on
stock,
Payment
of
1
Co.—50-Cent Dividend—
paid
$50,
to
&
a
dividend
holders
folllows;
as
each.—V, 156,
cents
bonds,
par
were
year
Gulf Mobile
mortgage
April
p.
July
of
of
1,
50
cents
record
50
per
March
cents;
and
share
25.
Oct,
on
Pay¬
1
and
1238.
Ohio RR.—Interest-Payment—
interest
of
series A,
5%
due
is
2015,
being
on
made
surrender
on
of
general
the
income
coupon
dua
Volume
1,... 1943,
April
Y.—V.
N.
Number 4165
157
at
157,
?V j"
•••
Chemical
the
Bank
&
Trust
Co.,
New
York,
v'
'V-'Tv
The
'
Period End. Feb. 28—
Operating
$2,973,443
120,213
111,573
1,337,039
18,750
■?i. 18,750
225,000
General
taxes
Federal
income
195,833
227,349
203,982
173,715
142,629
;»i.'
v
100,783
54,393
taxes.
profits
taxes
459,265
income
Gross
$55,069
_
deduc.
Three
$551,075
$533,354
166,741
income
210,226
Divs.
stock-—
pref.
on
$40,522
____
$30,732
5,513
$384,334
.5,513
66,156
Kansas City Public Service
of
dividend
a
cents
40
Co.—Earnings—
Month of January—
per
'
Motor
bus
Trolley
passenger
—V.
157,
$35,009
——
also
li
$318,178
elected
was
Assistant
Edward
the
made
were
156,
President
Vice
Vice
Presidents
General
Co.
of
of
the
Insurance
for many years General
Biddle,
and
Insurance
re-elected.—V.
were
M.
Counsel.
North
He
America.
99,538
11,830
-i; $954,564
$623,473
——
on
costs
(except
fixed
taxes,
depreciation)
charges &
532,165
$256,472
holds
All
Co.
of
*Taxes
Counsel,
the
operating
(general)
Taxes
same
Gulf &
Ship Island
$182,050
(social
costs
'
______—
security)
Net
Net
ry.
$107,802
$87,802
29,482
12,735
3,395
36,470
*1,776
*18,302
*18,674
—
oper. income
January 1—
'
From
from
Gross
$151,021
2,010
railway—
railway
from
1941
Net
from
Net
ry.
'
George
W.
associated
troller,
81,609
68,865
46,472
' *10,595
6,200
*15,585
*57,049
Net
of
named
was
Vice-President.
1932,
when
Controller
he
and
became
He
and
has
on
Con¬
the
Ry.
In 1939 he was appointed
Controller.—V. 157, p, 345.
Sec¬
who
The
Insurance
the
In
Co.
of
par
15,
1943
paid
stock
common
the company
-.Period End. Feb. 28—
to
&
excl.
avail,
adj.
684,644
1,387,842
1,431,481
Net
ry.
38,328
80,765
77,787
oper...
$359,345
$283,367
$714,722
$612,855
Net
132,122
120,660
275,535
230,362
Net
ry.
114,391
120,173
213,694
235,498
—V. 157,
$112,832
$42,534
$225,493
$146,995
4,949
4,771
10,064
9,207
operating
$1,520,528
1,089,007
available
fixed
Total
$198,014
$431,521
$47,305
$235,557
3,126
6,403
18,272
$207,738
$156,202
$44,179
$229,154
$449,793
41,974
86,388
$2,205
$142,766
$65,979
279,261
148,029
$170,532
$59,709
All
1,
of
called
prior
1947)
Illinois
maint.,
Net
and
interest.
National
Bank
&
Payment
Trust
Co.
will
of
1943
by
224,533
237,108
$58,845
$54,002
$100,147
a
Chicago,
700,255
404,754
395,585
382,043
423,448
203,675
232,072
220,880
income__
214,341
94,657
156,134
147,168
157,
$6,863,396
$6,762,794
1,972,124
2,116,160
1,223,279
1,028,408
81,527
900,854
988,628
Ry.
62,500
58,400
'704,100
$2,063,039
5,536
$2,021,198
$156,161
$2,068,575
$2,026,519
retire.
&
61,929
58,996
713,254
1,056,879
952,669
870,572
978,049
881,326
685,503
622,058
$1,355,321
to pref. stocks for the period
414,342
record
$664,242
$1,219,396
504,875
504,875
______
Cr29,734
69,774
$1,282,208
497,491
75,977
$603,104
$644,747
$708,739
_
of
the
0
Net ry.
$7,076,879
3,022,241
income— $3,583,701
oper.
income>
Income
45,229"
__
—_
available
1941,
5
cents;
483,945
Lake
116,897
*Net
fixed
charges—
Northern
Gross
RR.- -Earnings-
'
4,196
$3,624,734
ry.
income—
From January
Gross
from
Net
from
Net
ry.
—V.
$4,831,208 $14,329,304
2,003,291
6,104,091
1,099,373
of
3,532,751
$2,690,885
$7,125,840
$4,953,731
55,586
83,949
10,691
Net
from
$2,743,708
$7,199,098
May
2,469,259
Net
ry.
$1,408,890
$4,729,839
—V.
157,
elected
Chair¬
President
to
suc¬
640.
p.
dividend
a
payable
May
1
made
were
of
to
10
5
cents
holders
were
cents;
record
Feb.
and
during 1942.—V. 156, p.
share
per
of
made:
15,
Nov.
the
on
April
15.
initial
an
15, 5 cents.
1504.
1942
1941
1940
$29,373
*41,836
84,695
*71,583
*64,324
*62,173
74,052
76,011
60,346
*134,068
*117,947
*87,870
*87,527
*166,940
*155,921
*128,162
*129,061
from
36,289
138,869
14,876
railway
4,653,225
2,509,032
1,962,501
1,818,666
railway..-
2,098,116
405,741
331,548
165,855
130,525
72,479
*98,180
railway™
58,933
*58,488
railway
income—
oper.
"Deficit.—V.
73,086
157,
899.
p.
Landers, Frary & Clark Co.—New Official820,225
Raymond
Manager
the
Keller, formerly
Milton Bradley
assistant
as
March
•n
W.
of
concern
899.
29.
His
R.
to
duties
1943—Month—1942
$656,521
388,165
280,193
revs
ry.
$684,872
346,645
208,995
fr.
opers._
Leeds
1943—2 Mos.—1942
$1,312,320
729,543
chgs.
589,465
482,503
154,927
446,675
Telephone
333,439
Telegraph
&
758,743
Corp.
—
Co.,
will
Lippincott
has
White,
include
155,
Co.
and
joined
Assistant
the
President,
above
it
was
General
mentioned
announced
study of economic and indus¬
a
1601.
p.
of
Atlantic
City,
N.
J.—
Tenders—
$1,346,176
229,481
&
Vice-President
L.
engineering problems.—V.
The Camden Trust
N.
J.,
to
it
will
of
in
exhaust
New
the
Co., trustee, Broadway and Market Sts., Camden,
including May 6 receive tenders for the sale
and
to
up
3'/2ft
to
C,
of
Hart,
The
Vice
National
157, p.
President and Manager of the Overseas
City Bank of New York, has been elected
bonds
of
Atlantic
date
sum
of
the
City,
above
N.
J.,
company,
dated
at
not
prices
redemption
(May 10) to an
of $13,392.21.—V. 155, p. 1122.
Jan.
1.
1937,
exceeding
amount
par
on
and
sufficient
to
Lehigh & Hudson River Ry.—Earnings—
Divi¬
a
di¬
February—
994.
of
Company
1943
directors
87'/2
cents
share
declared
18
the
on
$3.50
the
regular quarterly dividend
prior preferred stock, payable
have
declared
stock,
Net
1942.—V.
A
1940
3,168,719
1,803,590
1,9517168
$7,995,189
1,906,344
1,145,251
$16,589,560 $12,006,887
6,099,910
3,727,738
$8,811,822
2,601,801
liquidating
April
It
is
stock
3,976,112
income—
1180.
5,990,702
3,495,939
3,964,146
2,364,319
15
stated
was
The
of
that
$9,748
Co.—Earnings—
all
1942
1941
1940
$567,573
$477,307
$480,530
213,915
171,426
159,662
118,304
126,450
99,231
88,722
cents
cents
75
a
liquidating dividend
as
of
10
cents
of
March
share.—V.
per
cents
were
per
declared
share
share
made
share has
per
record
of
$1
per
share
March
been
224,059
107,503
81,610
74,435
48,890
31,080
on
share
in
ry.
the
1,450,900
1,185,838
436,504
978,105
334,899
1,006,238
.619.083
339.672
103
230,767
252,126
187,935
191,859
County Bank
June
V.
1,
and
on
on
dividends
the
the
7 ft
6y2ft
the
6ft
account
on
cumul.
each fo
the
31
of
Gross
have
interest.
stock,
series
83,966
106,425
85,452
66,602
814,778
691,881
669,075
289,734
258,613
261,195
223,850
184,400
177,800
196,124
172,374
1084.
p.
stock,
series
cumul.
preferred
stock,
series
C,
Similar
preceding quarters.—V.
■
•
'
;
•
201
North
Main St.,
Holders
distribu¬
-
"I.
'
Jamestown, N. Y.—
oper.
'
of
71, due
$3,612,108
1,346,876
803,870
1,004,732
474,342
813,628
210,163
13,526,603
4,462,247
9,604,329
8,191,568
7,951,725
2,300,972
2.701,502
2,177,757
1,988,224
774,853
1,634,073
998,161
income™
Payment—
general consolidated mortgage
due May 1, 2003,
the payment on
No.
1940
$4,031,308
1,236,335
<
railway
railway.
Interest
157, p. 43.
:
from
ry.
1941
$4,752,857
2,290,168
January 1—
Net
1942
$6,650,305
from
Net
B,
Earnings—
1943
from
From
Gross
A,
preferred
5ft gold bonds, series A, due
been called for redemption as of June 1, 1943, at
Payment will be made at The National Chautauqua
of Jamestown,
157, p. 604.
1940
$298,907
113,737
930,396
income—
1941
$331,080
155,246
102,616
railway
Net from railway
Net ry. oper. income—
accumulations
preferred
cumul.
outstanding first mortgage
1954,
oper.
157,
1942
$433,117
165,433
February—
Jamestown Telephone Co.—Bonds Called—
of
1943
$493,095
Lehigh Valley RR.-
declared, pay¬
31.
1943, the liquidating value of the
157, p. 730.
,*
railway
260,180
Lehigh & New England RR.—Earnings—
18,
""I
All
899.
312,497
157, p. 899.
February—
from railway
Net from railway—.
Net ry, oper, income—.
From January 1—
Gross from railway—
Net from railway.—
Light & Power Co.—Accum. Dividends
have
per
per
railway..
Income
income™
16,292
495,432
Inc.—Quarterly Distribution—
payable April 20 to holders of record March 31.
tions
.-
directors
87 '/a
and
$713,422
305,488
railway™
oper.
23,292
50,335
,
41,200
42,208
484,407
income—
Gross
Net
stockholders
to
Iowa Electric
8IV4
1943
railway
ry.
—V.
156, p. 1608.
quarterly dividend of
able
16,677,413
railway
from
Net
payable April 30 to holders of record April 15.
dividend of $5 per share was paid on Oct. 29,
common
initial
Investors Mutual,
1941
oper.
1940
$127,160
51,164
25,201
From January 1—
Gross from railway.™
1941
$151,222
132,821
209,220
ry.
March
on
Net
1942
$271,886
117,725
railway
railway
from
Utilities Corp.—Preferred Dividend—
per
directors
the
on
An
Only
1942
1943
$253,422
Gross from
—V.
5,321,699
p.
has been
elected
*44,773
168,799
157, p. 1180.
The
$2,405,738
18,007,092
oper
been
$29,417
371,155
Co., Inc.—To Pay Liqui¬
dating Dividend of $1 Per Share—
2,674,664
6,854,353
from
from
1936,
has
*53,066
from
Utility Holding Company Act of 1935.
The transfer books of the Corporation will not close.—V.
157, p. 554.
From January 1—
Gross
per
157,
the provisions of the Public
$5,080,402
23,947,125
..Net ry. oper. income.—
Net
cents
year,—V.
$39,473
ry.
7,311
11,925,587
from
since
1943
Net
May 1, 1943, to stockholders of record at the close of business April
21, 1943, such declaration and payment, however, being subject to
approval by order of the Securities and Exchange Commission under
133.982
2,763
33,612,959
February—
Gross
50
of
on
stock¬
to
*68,695
Net
International
282,290
137,032
1,334,818
Illinois Terminal RR.
'V
of
last
15,
15
$34,514
1940
1—
railway
p.
distribution
April
following payments
15, 5 cents; Aug. 15,
Net
$8,768,772
railway.—
oper.
157,
■
railway
oper.
on
payable April
railway™
$886,209
rector.—V.
$39,708,898 $28,222,996
25,379,594
19,454,224
1,233,426
Earnings
,
February—
Gross from railway
Net
follows:
cents each.—
railway™—
oper.
income—
1941
income
sion
•'
from
B-2,
special
Kidde
declared
stock,
the
from
Gross
providing for Federal income taxes.
Net
F.
from
$933,612
1942
1943
1
International
$842,184
$2,391,308
income
*After
20
common
compares
as
Superior & Ishpeming RR.—Earnings—
properties
for
fixed charges
Int., rent for lsd. rrs. &
other
This
v;-
director
a
John
have
common
of
Interstate Home Equipment
•
board.
directors
$1,192,254
Inc. avail, for fixed
rents
470,937
deductions
A
shares
ry.
From Jan. 1—
Great
i
operating
rev.
—V.
1943—2 Mos.—1942
1943—Month—1942
28—
dr.)
Misc.
the
on
10.
1942 were
Director—
revs
Other
April
father, .the late Walter Kidde.—V. 157,
$l.par
Net
railway
from
The
inet
31.
these
on
series
;
During
414,342
$940,979
March
made
No distributions
$1,078,246
'___
Period End. Feb. 28—
$1,256,526
Ry. tax accruals
Equip. & jt. fac.
record
Payments in
a
regular semi-annual distribution
special distribution of 25 cents per share
Fund,
$1,265,085
taxes
railway:
from
Net
769,993
$97,165
a
Bond
International Railways of Central America—Earnings
5.321
$118,274
Net rev. fr. ry. opers.
„
of
Dividend—
declared
been
announces
Priced
of
The
608,400
$155,718
443
$19,350,701 $14,236,752
expenses
12,273,822
9,405,544
operating
holders
to
share and
per
$2,287,553
1,011,418
from
Boies
operating
share has
per
(Walter) Kidde & Co., Inc.—New Officers—
1940
ry. oper. income
*Deficit.—V. 157, p.
Central RR.—Earnings of System-
Ry.
20
Clayton E. Freeman,
$2,733,149
846,006
income
Gross
994.
Illinois
cents
Kinner Motors, Inc.—Resumes Dividend—
1941
$2,838,283
Net
deduCS-
Period End. Feb
20
corporation
ceed his
1942
local
&
from
Net
119,973
—
p.
of
43.
interest
Balance
994.
was
man
111.—V. 155, p. 2367.
$3,053,390
oper. income
From January 1—
Net
—V.
96,284
58,759
- >
1181.
the
corporate
1943
Net ry.
$584,264
168,646
$180,203
Dividends applic.
railway™
railway
p.
Net
Net
——
etc.,
38,203
1940
U
total
at
$3,113,174
International
1943—12 Mos.—1942
$179,771
432
(net)
income
115,653
Medium
extension
made
be
157, p. 1082.
Ry.
Net
$175,801
income—
$191,798
111,364
73,896
p.
cents
p.
—_
Balance avail, for divs.
—V.
75,199
income
Interest,
1941
91,987
payable April
trial
Cross
1942
Feb.—
$136,961
110,701
appro.
Called—
for redemption as of May 1,
sinking fund gold bonds (due
lien
100
at
revenues
Fed.
$590,401
162,230
—.
revs
Other income
Ry.—Earnings—
$192,505
oper.
holders
been
have
May
Oper.,
296,384
118,554
1943—Month—1942
—
res.
oper.
Gulf
228,504
dividend
its
Indianapolis Water Co.—Earnings—
Co.—Earnings-
——
retire,
a
Keystone Custodian Funds, Inc.—Extra Dividend—
80
$72,072
Limestone Corp.—Bonds
Interest charges
Other deductions
expenses
Net
for
$370,821
oper.
The
157, p. 994.
February—
taxes
bids
1943
157,
84,075
12 Mos. End. Feb. 28—
$433,345
$36,087
revenues
submit
$150,054
42,508
trustee, 231 So. La Salle St., Chicago,
1082.
taxes
to
railway...
railway
with 40 cents paid on Jan. 20, last.
Jan. 20, 50 cents; and April 20,
6,148
$114,580
charges—
Continental
;"
139,320
_
Operating
Financing Reported-
formed
purpose
Kennedy's, Inc.—20-Cent Common
A
stock,
V.
charges
fixed
$196,440
19,424
109,071
Operating
the
&
from
share
for
Power
157,
first
from
From Jan. 1—
fox-
charges——
$413,921
9,724
»
Period End. Jan. 31—
Prop,
$117,781
.
being
are
for
Feb.—
Gross
Net income after fixed
income
-
contingencies.—V,
July 20 and Oct. 20,
Gross
Olher
$2,559,610
932,385
of
bonds
Deficit
Federal
$2,662,765
3,201
_______
Miscel. deduct, from inc.
$1,346,306
449,488
$72,984
Idaho
inc.
groups
issue
$49,000,000
from
Railway tax accruals—
Equip. & jt. fac. rents
income
and
....
40,283
income
that
bond
Kansas Oklahoma
699,975
___■
expenses
ry.
participation
1943—2 Mos.—1942
from
adjustment
on
p.
outstanding
Net
Net
$31,655
of retiring the currently
mortgage 4s. due Jan. 1, 1960.
Among
the groups expected to compete for the new bonds are
those headed
by First Boston Corp. and Harris, Hall & Co. (Inc.), Shields & Co.,
and Mellon Securities Corp., and by
Halsey, Stuart & Co., Inc.—V, 141,
p. 228°.
.■>.£:
M-
$79,282
52,216
61,770
of
9,136
adj. inc. bonds
income
reported
63,274
1943—2 Mos.—1942
$647,501
$212,304
charges
157,
55,357
is
29,169
Other
employees
contemplated
31,488
equipment
Indiana
$203,168
bonds
—V.
$83,351
26,629
I—
16,
537,525
taxes
income
income
$40,282
1943—Month—1942
Traffic
Gross
Interest
—r-
132,369
RR.—Earnings—
$740,693
revenue—;
on
—
243,348
157, p. 1180.
1943—Month—1942
Operating income
int.
"
152.067
a dividend of 60 cents per
holders of record March 10,
made the following payments: March
Non-operating income
Net
"
264,095
There
int. on
$48,624
34,803
1
65,072
on
Income
■
Lighting & Power Co.—Registers With SEC—
expenses
taxes,
Kansas City Terminal Ry.—New
it
1082.
from
______
$112,779
_______
•
Hudson & Manhattan
Gross
.
.
___________
rev.
________
1181.
p.
Gross
Hawaii, Ltd.—Pays 60-Cent
National Power & Light Co.—V.
Oper.
income
112,217
Net
$31,655
178,000
■_
:
sales,
130,111
—V.
Gross oper.
■ ■
■
of
cents; June 15 and Sept. 15, 60 cents each; and Dec. 15, $1.—V. 157,
p. 254.
Houston
118
62,582
of way & struct.
40
See
100
87,180
Maint.
Income
March
on
$20
1942,
50
31,212
—
Maint.
1
company
on
50
43,513
_
Transportation, rail
was
Dividend—
1943.
$141,982
i
Total
share
$170,631
operating revenues.
Other
66.688
oper.
operating income
Inc.—Changes in Personnel—
Assistant Treasurer, will be succeeded: by
Leslie W. Mason,
present Comptroller, and William S. Harkins will
be advanced from Assistant
to the Comptroller to Comptroller.
Ed¬
ward C. Hastings will succeed Mr. Harkins as Assistant to the Comp¬
troller.—V. 157, p. 1082.
>
Home
$71,544
-
■
income
$1,212,797
addi¬
B. Morrow has been elected a Vice President, and Francis
Kennerley has been named to succeed Mr. Morrow as Treasurer.
Kennerley,
$92,187
157, p.
74,031
v
*In addition to these general taxes, additional taxes (such as
oil, gas,
etc.) have been allocated directly to operating accounts.
tFor
325
191,208
of
6,370
24,700
$290,770
;;
—
$1,330,485
69,283
Edward
Mr.
360
189,136
period End. Feb. 28—
been
Assistant
took
then
Secretary.
Treasurer
Hercules Powder Co.,
J.
163
94,999
Indiana Harbor Belt RR.—Earnings-
Stores, Inc.—New Vice-President
since
Assistant
Assistant
180
lease
income
Net
—V.
elected
Net
$333,515
89,683
I
;
174,127
been
Hearn's
soon
duties
retary,
244,148
4,255
has
Aaron
$360,127
revenues—
oper.
for
property
157, p. 898.
with
He
tional
311,735
income.
oper.
Hearn Department
•
93,785
railway———V 1
$166,706
——
Operating taxes
railway
*Deficit.—V.
Net
18,575
7,125
________
tReserves
1940
Rent
32,965
17.498
__—
charges
Depreciation
1943—2 Mos.—1942
rev;_
oper.
Operating expenses
1942
$211,389
from
Gross
Uncollectible
RR.—Earnings—
1943
$147,988
_
Fixed
officers
other
after
Balance
Corp.—Earnings-
1943—Month—1942
Period End. Feb. 28—
February—
475,485
$422,399
.—
1151.
p.
Associated Telephone
Indiana
Operating revenues
/
174,578
147,825
_____——14,296
Total revenue
meeting of this company. They
Crawford.
Last week, Mr. Rob¬
M.
James
President
Vice
with
and
Roberts
America.
offices
993.
p.
$337,527
276,763
revenue
revenue—:—
Operating
Assis'tant Vice Presidents
S.
made
66,656
$25,219
1942
$515,681
revenue____.
passenger
bus
other
'
1943
r
Balance
Balance
1
J
Railway passenger revenue
Vice-Presidents—
Calvin
North
$323,129
'
declared
capital
outstanding
former
Two
erts
$44,813
25
March 23 at the annual reorganization
85,899
• ; 14,081
v
14,547
March
Indemnity Insurance Co. of North America—Names
was
Net
Co.—Larger Distribution—
on
'
are
Interest and oth.
on
All
$2,456,226
1,294,529
-
the
stock, payable May 15 to holders
of record April 22.
This compares with 25 cents paid on Feb. 26,
last, and on May 25, Oct. 30 and Dec. 30. 1942.—V. 157, p. 604.
*
1943—12 Mos.—1942
$229,529
deprec._—
exc.
1942
$300,814
expenses
for
Prov.
Fed.
1943—Month
revenue
directors
share
Gulf Power Co.--Earnings—
Gross-
Zinc
Illinois
1180.
p.
<
•'
1271
4ft, 4V2, ft and 5ft bonds,
being notified that provision has been made for
are
May
May 1,
1,
1943,
of
75 ft
deferred
balance
of
Coupon
(25ft
of which has heretofore been paid), in
25, 1936,
This is the second payment on account of deferred interest the com¬
accordance
with the
1939
plan
and agreement of Aug.
pany having paid on May 1, 1942 the deferred interest of Nov. 1,
which was not due before Nov, 1, 1943.
The payment to be made May 1, is the deferred balance due
1938
,
May 1,
1939 and extended to May
1, 1944.
THE COMMERCIAL
1272
The
bank
its
25,
April 1.
that
states
company
plan
Of
provided in the
which stood at $10,364,000 on
reduced to $1,805,260 after
bank loans, is payable on
result of payments
a
as
Government loans
and
in
or
from
Net
from
Net
ry.
railway.,——:
income-—
From January !—
Gross from railway—_
5,879,37.9
Net from railway.
718,115
Net ry. oper. income—
*155,015
"Deficit.—V. 157, p. 899.
oper.
Louisiana
Net
ry.
3,754,364
720,288
*30,311
from
Operating
Net
ry.
railway
from
Net
—'V.
287,380
$623,114
220,498
102,560
Net
121,594
■
,1940
Operating
revenues
Operating
1,508,341
616,813
326,231
1,873,679
695,986 ■
358,946
___
otner
taxes
Net
60,180
749,801
78,357
1,134,643
Gross
$153,205
$2,160,474
1,864
24,420
$192,980
$155,069
$2,184,894
79,369
79,860
947,601
$113,611
$75,209
$1,237,293
pref. stock for the period.
356,532
of
Net
ry.
From
Gross
Net
1,622,203
1,835,711
32,127,075
January 1—
railway
from
21,319,506
17,703,040
v 5,510,687
3,684,148
railway—
ry, oper. income—
—V.
13,826,270
6,242,316
4,059,083
3,388,438
total
of
$125,000 principal amount of 15-year 3%"fo
due
May
1,
April
1,
1955,
have
called
been
series
of
first
series
during the
truck
six
of
out
This
sales
this
average
is
44,500
truck
sales
Staniford
Mr.
subtracted
requests have been met in the
to hold for the duration of the
war.
according to Mr. Stamford's figures, that at the end
backlog of well over a million potential truck sales will
Every additional month of war adds 42,000 to this
figure, he said.—V. 157, p. 994.
of
means,
1943
have
°
*\'r'
a
accumulated.
r
'
1
«
i
"Cv' 'r
'
(R. II.)
*
*
>}>*'
'
'
'
*
<•
i
^
<
s
Square Garden
(And
Its
be
"After
V.
157,
1943—3 Mos.—1942
$129,555
$0.68
sh.__
com.
;
depreciation, Federal income and
$1,41
profits taxes,
bonds
are
series
A
etc.—
346,>
p.
for
Operating
Net
operating
Taxes
.
$2,967,836
of
mortgage
at
the
2,037,175
1,943,520
$436,051
Joint fac.
$930,661
155,364
408,204
$815,789
304,656
33,324
36,368
42,485
66,026
32,816
41,678
rents—Or
ry.
oper.
Other income
22,366
int.,
etc.)
$204,257
52,627
39,332
$252,058
deductions
22,150
$199,431
income.
Total income
Total
$418,139
180,930
rev
rents—Dr.—
$243/589
(rtls,
'
—
153,302
Net income
157,
$447,156
111,556
$4031,429
payment
$558,712
share
and
stock,
both
pares
with
on
Jan.
In
a
306,938
$85,221
a
1942,
have
declared
April
15
quarterly of
to
10
dividend
extra
an
quarterly dividend
$165,941
Gross
of
11
cents
holders
of
and
cents
per
record
an
of
three
share
on
cents
the
plan
April 5.
extra
of
This
three
com¬
cents
company
paid
is
Railway—Interest-
of
Fargo Bank &
1084,
:
ry.
of
5%
per; annum
paid April
Union
Trust
Co.,
San Francisco,
Calif.—V.
Net
from
Net
ry.
President,
announced
March
17
series
B
amount
(income)
bonds
held
will
be
the
declared
bonds
equal to 9'/i>
of
to
the
the
be
ninth
due
and
principal
installment
of
Gross
Net
interest
for
of
—V.
payable April
1,
sum
thereof.
1943,
to
1943—12 Mos.—1942
157,
Net
bonds
ry.
to
are
cumulative
order
is
so
long
as
be
up
the
of
applicant's
'■
51,258
but
upon
666
877
$186,112
$153,569
$1,602,339
$1,407,074
75,947
75,938
913,374
919,153
$77,731
$688,965
$437,921
debt
Arkansas
&
the period_
for
403,608
403,608
$84,313
Ry.—Earnings—
1942
1941
1940 '
$122,312
$102,031
$88,567
21,262
22,649
17,660
3,352
6,939
6,414
347,085
241,146
206,383
182,077
85,707
27^493
43,313
44,897
39,024
8,755
15,310
14,910
income
21,014
.
.
railway—.—
income-
Illinois
RR.—Earnings—
1943
from
Net
from
ry,
$232,226
81.673:
39,301
45,892
34,179
498,073
408,652
361,457
329,577
232,535
railway—
182.760,
178,163
.145,218
86,325
104,071
93,412
income.—
:
60,785
,
will
Earnings
1942
i
1941
■
1940
2,032,963
1,055,083
income...
958,694
587,056
518,797
198,998
12,603,911
6,753,136
4,619,119
4,255.689
4.255,837
1,898,088
1,041,638
781,205
1,880,502
981,056
373,745
139,511
railway
railway
from
income
oper.
157,
$2,264,134
$2,064,651
-
375,343
64,445
1—-
from
ry.
RR.
1943
$3,383,958
oper.
Net
—V,
'
$6,191,650
From January
Gross
58,305
railway—
from
ry.
•
,
Missouri-Kansas-Texas
Net
1940
$146,701
82,325
19.542
.
February—
Gross from railway—
Net
1941
$170,525
$191,876"
96,538
railway....
oper.
1942
_
income—
oper.
Net
1183.
p.
Missouri
Feb.
104,221
65,195
1941
income—
oper.
1940
$7,678,864
$6,715,295
2,304,787
1,476,010
3,686,351
2,152,029
1,447,577
'595,405
34,636,518
20,629,655
15,762,601
14,072,871
16,528,097
January 1—
railway,
from. railway.—
Net
ry.
—V.
92,900
lrom
income.—
oper.
157,
6,542,337
4,679,427
3,260,224
8,209,762
4,410,266
2,971,739
1,510,033
,'v.
900.
p.
137,535
57,354
ry.
Net
32,552
110,523
1942
From
Gross
54.196
115,020
1943
railway:—: $17,529,542 $10,071,369
8,785.018
3,262,347
railway—
from
Net
26,864
RR.—Earnings—
from
Net
28
44,623
Pacific
February-
251,830
'
,
Monongahela Ry.—EarningsFebruary—
■■
.
1942
1943
■
-
Net
1940
$715,543
409,061
401,912
148,597
320,715
315,245
74,340
2,097,936
1,446,825
712,532
294,048
Net
266,622
526,439
126,346
93,312
ry.
1943—Month—1942
$3,436,965
elected
1,175,146
2,964,320
2,508,905
No
$347,494
$182,110
$472,645
108,834
243,254
$229,391
Cr30,561
Cr7,817
Cr52,665
$123,500
Cr7,497
Drl2,154
I>r32,552
$68.938.
Dr607
—
John
In
Queeny,
of
the
Francis
1933.
for
the
last
the
board,
15
557,169
296,855
■
founder
President,
years
position
a
Queeny,
vacant
and
has been
the
since
first
death
President
of
the
of
.
Vice-President
In addition to his duties
of
executive
has
been
elected
to
succeed
Mr.
President he will continue
as
committee—V.
157, p.
as
Bel¬
Chair¬
1084,
Cr6/,183
$249,504
The company on March 30 filed suit for! damages totaling $105,200
against
14
printing trade unions who, according to the company,
required their members working for the Cuneo Press and other print¬
ing establishments in Chicago to stop work in December, 1942, on
.Ward's catalogs.
.
,:
jDr42|947
$88,050
.,
Cr7,676
Crl6,304
work
stoppage, according to Montgomery Ward;' was ordered
attempt to enforce union demands on R. R. Donnelley & Sons Co.
that time were also
working on Ward's catalogs.-—V, 157.
p: 995.
'
'
*
'
/*;
'* j
'
The
chgs.
$246,588
$257,180
7,627
8,486
$104,355
12,092
$242,495
;
$75,121
4,093
$67,494
$248,694
$92,262
.
Amortization of
,
'
,
:
•
t
February— '
1943
from railway—._
$219,416
railway
83,558
Net ry.,oper..income—57,998
From January 1—
'
Gross from railway.—
447,805
v $45,444
46,158
$90,806
,
92,306
•
$90,888
':
—
Net
February—
1943
railway..
railway—
$3,277,290
—
'.
8 15,032
income
$2,055,386
6 1 5,295
312,632
329,748
42,522
6,357,997
5,624,791
.
4,221,676
$1,898,494
\
*45,428
I
„
3,973,464
1,177,605
650,413
489,612
635,512
538,755
83,555
*30,082
900.
railway—172,785
oper. .income—_
157,
p,
900.
64,772
37,355
,
;• ,•••:r Ayr".'
:
325,340
77,290
,:
due
at
of
the
June
100
Trust
V.
r
.
75,169
311,284
121,485
110,569
116,489 V:
139,522
v
-r+'p: * <;//:■ >. /
■?.
J;
,
'^vv; *'•/-•'
-
,v-
(The) Mortbon Corp. of New York—Bonds Called—
All
■;
I
46,584
.
319,036
"80,676
,
^
60,701
$144,196
.
121,967
.
1940
.
$163,152
30,781
f
210,131
1,216,517
income-!-.
p.
1940J
$2,717,003
-
-
railway—
1941
ry.
—V.
>
498,754
railway-.—_
157,
1942
-
from
Net
(Including Wisconsin Central Ry.):.
1941
-
$145,901
Net from
,
$45,381
1942
Gross
,
Defense Projects:
of
deprec)
prop, depre
at
Montour RR.—Earnings-
"Does not include interest being accrued on Corporate Books but
not
being paid currently.
excess
an
who
after fixed
oper.
212,120
-
;
for
i-i,
"Deficit.—V.
226,886
Montgomery Ward & Co. Inc.—Sues Printing Unions—
charges
charges
from
625,349
176,547
$350,803
as
oper.
655,277
924,208
227,303
$73,276
Monsanto
Executive
knap.
man
$229,109
available
from
153,160
•; y
791,936
477,168
'
Chairman
father,
company,
$2,859,708
1,420,481
118,386
•/
1,077,961
Monsanto Chemical Co.—New President, Etc.—
1943—2 Mos.—1942
$1,357,256
— _
income-r-net
;
p,'995.
■<.'.[
v
1,162,808
income
oper.
157,
*
113,326
*
Charles Belknap,
his
$1,767,975
taxes
:
"
'■112,117
"
Chairman of the executive committee and Executive
Vice-President, has been elected President.
—
(In
89,232
from
1,389,884
772,763
619,733
Dr 12,474
Income
280,386
-
income.—
oper.
January 1— " ■
railwayfrom railway—..
Net
47,217
2,251,008
—_
oper.
$456,697
242,091
From
Gross
$673,318
131,061-
—V.
railway.—
1940
$396,881
,306,023
1943
•
1941
$1,095,032
income—
ry.
1941
$522,280
331,342
railway—.
railway—:.—
from
1942
$565,778
from
Net
$1,118,514
$247,196
ry.
46
731.
—V. 157, p. 995.
the
218,980
income
ry.
Net
81
$285,357
oper.
ry.
Gross
not
243,138
facility rents.—
from
801,666
$1,406,197
preferred stock
to
From January 1—-.v
the first mort¬
funded
Ended
30,271
Joint
Net
821,667
$1,601,673
157, p. 995.
Net
is
161,149
equipment—-
from
68,333
$153,523
_
_____
„
1940
of
ry.
438,002
766,992
$110,165
.....
Missouri
$108,668
railway
after
Net
5,250,563
i-
70.000
February—■
' y
Gross from railway—e
Net from railway—5—1
paid on
to
conditioned
any
Two Months
and
Hire
Gross
766,571
deductions.—
p.
from
ry.
—V.
first
1941
railway—
taxes
Net
71,039
$8,663,425
$186,031
revenues
oper.
Net
to
are
of
bonds
mortgage
$100,894
'
expenses
Equip.
614,623
ap¬
..
This
302,628
revenues
Net
reserve
From January !—
'
Gross from railway—
for
1942
Period End. Feb. 28—
Other
5,217,334
81,737
70.490
income
Edgar
Net
$9.-021:868
516,122
„
after
$112,447
oper, income—
fTotal
$890,754
490,269
all
fund
retirement
dividends
be
The
From January 1—
the
1943—Month—1942
$906,698
February—
■
' : '1943
Gross from railway;:—
$184,718
Net from railway--—
54,878
Minneapolis St. Paul & Sault Ste. Marie Ry.—Earns.
Gross
in
251,084
$156,394
89,908
Missouri
157, p. 1183.
com¬
on
248,316
$453,333
t
expenses
appiic.
—V.
by
of
income
net
these
on
the
first
70,464
railway.—.
from
ry.
Road
interest
20,693
$22,120
Balance
can¬
maturity
sinking
the
or
44,492
normal
that
$407,479
$43,259
income
Divs.
January 1—
Net from
vl
Memphis Street Ry.—Pays 4% Back Interesthave
Net
the
$141,473
900.
oper,
From
Corp.—$11,500,000 Loan—
an $11,500,000
Regulation V loan by the Recon¬
Corporation.
The corporation formerly was a firm
of
consulting engineers who originated gunfire control mechanisms and
navigating machines lor the War
Department, and computing devices
for industry in
general.
$701,649
.
'•
tlncludes
Maxson,
419,917
$42,813
$827,396
20,693
i!
revenues
etc.,
Gross
railway
indome__
p.
Finance
Directors
Int.,
will be $190,000 a year, and contingent interest
railway
from
pany has been granted
struction
1; ! 286.444
stock
income
Gross
Minneapolis & St. Louis RR.—Earnings-
1,
157
22,469
$63,952
'
• »
oper.
Other
year.-
a
income—
February—
"Fixed
was
23,084
first
oper.
157,
Gross
T/o
(W. L.) Maxson
L.
rate
$988,092
taxes
Net
railway
from
sinking fund gold bonds, Series A, due 1940,
bonds for stamping.
Interest payable at office of
Wells
William
the
at
the first mortgage
presentation
primary
a
fund
consummated
fixed
Market Street
on
all
applicant
paid
four
$65,282
taxes
Net
long as any of the first mortgage
also provides that interest on the
is
time.
one
railway
oper.
Net
per
capital
314,575
$87,036
...
propriation
mortgage bonds, $1,475,500 of adjustment
bonds, series A, and $830,500 of adjustment mortgage bonds,
from
Net
Quarterly interest
p.
by
$48,500
1943
Other
regular quarterly dividends of 11
cents each, and also paid the
following extra dividends: Jan. 15, two
cents; April 15, three cents; and Oct. 15, two cents.—V.
157, p. 166.
on
so
being suspended
plan
from
ry,
last.
tx»e
the adjust¬
the bonds
From Jan. 1—
315,051
$251,774
221,825
995.
Prop, retire,
•
payable
15,
Other
treasury $487,000
that
the
year,
a
of
sinking
bonds
Net railway revenues.
directors
Federal
outstanding.
are
$92,240
Net
$480,992
77,563
Manhattan Bond Fund, Inc.—Extra Distribution—
The
and
the dates of
as
$71,250
or
The
$4,750,000 of
from
"
158,368
$98,756
1084.
p.
and
closed;
payment
B
Fixed charges
charges,
Total
—V,
public
provide
will
be
stock
any
feature
the
series B.
$2,759,309
960,099
_
Equipment
Net
$1,378,238
1,017,040
expenses
518,911
337,405
Period End. Jan. 31—
default under
a
the
by
trustee,
will
secondary
series
12ro
bonds
consist
1943—2 Mos.—1942
$1,453,0.91
revenues
Operating
556,293
taxes.
,-y *
Gross
1943—Month—1942
prof,
157, p.
Operating
preceding calendar year, whichever is less.
applicant's
cumulative
Maine Central RR.—Earnings28—
85,029
by the plan.
1943,
the
outstandnig.
exceeding
—V.
Period End. Feb.
382.000
138.070
taxes—..
J
Operating
the date of maturity of
held
the
bonds,
after
a
and
Net
excess
435,000
Mississippi Power & Light Co.—Earnings-
the series A and series B bonds;
to
the
of
any
$378,604
$0.94
2.137,647
36,000
...
pfd.
Net
11.
Feb.
$231,389
•
$4,087,779
2,147,143
37,500
income
on
—V.
to
a-
earnings
Gross
1943—9 Mos.—1942
$184,640
$0.52
——
and
States."
The applicant holds in its
Company,
on
applied
Net
Period End. Feb. 28—
"Net
profit
Earnings per
a
the ICC follows:
mortgage bonds.
The redemption price
to be reduced from 102% % to par.
No
Corp.—Earnings—
Wholly Owned Subsidiaries)
United
thereon,
pursuant to the
Uniform System
thereof,
Establish
aggregate amount of bonds outstanding,
are
Earnings for Month
Madison
$4,778,508
162,188
deprec
Balance
first
dated Jan.
mortgage
When
as of May 1, 1943 a total Of
$300,000 of 10-year 2Va% sinking fund debentures due May 1, 1952, at
par and
int.
Payment will be at the office of J. P. Morgan & Co.,
Inc.,, trustee, 23 Wall St., New York, N, Y.—V. 157, p. 346.
1943—12 Mos.—1942
$348,499
168,873
income
Divs.
capital fund to be provided by setting aside each
for capital improvements a sum equal to not less than $100, nor
than $250 per mile of road operated, are to be payable ahead
gage
called for redemption
of
charges for the
All
Macy Co., Inc.—Debentures Called—
There have been
to
interest
terms
Act
will constitute
affected
$830,500
provides
first
year
the
past
the
of
rates
the
"An
of the
to be
the mortgages
of interest
Roughly,
truck
expected
plan,
and
more
month
per
for
excess
Net
B bonds.
payment; and
during 1942 to arrive at his total.
normal
ratio
of
1941, inclusive,
to
made
100
every
and
year,
1937
years
civilian
an
1943—Month—1942
$431,479
expenses
Int. & other deducts..—
proposed plan of debt
the company to extend
a
mortgage bonds, $1,960,000 of series A bonds and $1,121,000
plan
the
During the past 15 months a total of 630,000 potential civilian truck
have accumulated for peace-time business, according to F. F.
Staniford, Sales Manager.
on
respects,
due,
at least 25 9^
Sebastian
The
sales
figures
of
the bonds will be extended to April 1,
1963; the fixed interest rate
on
the first mortgage bonds will be reduced to 4';per annum, the
contingent interest on the series A and series B bonds will be reduced
to not exceeding 4%
per annum, subject to a cumulative feature.
at
Trucks, Inc.—Backlog Piling Up—
his
the
reduce
XV of
principal and interest.
fixed
Basing
to
when
bonds,,
of
Co., 165 Broadway, New York, N. Y.—V. 157, p. 899.
Mack
11,258
income
Gross
Adjustment Plan—
authorized
1943,
and will accelerate
$6,715,000
B
of
interest, by operation of the
on
Payment will be made at the Chemical Bank & Trust
1943.
Fed.
Company.
The series A and B bonds bear interest payable
only if earned at the rate of not exceeding 5% per annum, the series
A bonds having priority over
the series B in respect of the payment
sinking fund
redemption,
sinking fund,
786,078
'v
f;u.\ -
■■
Sebastian
celed,
for
^
■
that
claims
the
The
accrued
and
29.037
41,849
revenue
Federal
mortgage bonds, $1,934,000 are held by
the Sebastian County Coal & Mining Co., a subsidiary of the applicant,
and $31,000 by the trustee under the first mortgage, leaving $4,750,000
outstanding in the hands of the general public.
The adjustment mort¬
gage bonds are of two series, A and B, and will mature by their
terms on April 1, 1953.
Of the series A bonds, $1,475,500 are held
by the general public and $77,000 by the Sebastian Company; • of the
McCrory Stores Corp.—Debentures Called—
A
11,
Throughout
bonds,
under
only
the
102 V*
-
furtherance
in
other
Chapter
mortgage
Of
157, p. 899.
debentures,
$829,193
$818,229
:_r__
24
B,
certain
of
Bankruptcy
the
16,583,501
4,045,104
2,559,575
from
Net
133,074
63,876
39,271
157, p. 995.;
Provision
mortgage.
To avoid
receivership or proceedings
under Section 77 of the Bankruptcy Act,
the applicant has prepared
a
plan of debt adjustment under the provisions of Chapter XV of the
Bankruptcy Act, and has secured assurance of assent thereto by the
1940
2,098,238
183,733
63,324
62,958
General taxes
Jan.
series
in
issued
$7,930,011
1,831,835
1,127,315
income—
oper.
209,415
124,694
income...■-
:
dated
bonds,
mortgage
Louisville & Nashville RR.—Earnings—
$8,581,011
2,751,176
280,845
railway-
railway—
oper.
Operating
The company has issued $6,715,000 of first mortgage 59' bonds which
will mature on April 1, 1943.
It is unable to pay them at maturity.
Under the terms of the adjustment mortgage failure to pay the first
$806,439
1941
14,618
5,540
'
157, p. 994.
February—
1943
1942
Gross from railway— $16,165,040 $10,338,061
Net from railway
7,299,424
3,152,976
13,922
Period End. Feb. 28—
$1,859:693
1,030,500
$1,968,901
income
A summary of report of
$1,162,971
356,532
Balance
—V.
38,912
26,959
income—
Mississippi Power Co.—Earnings-
18,070
1,150,672
March
on
provisions
$2,119,820
956,849
income
65,031
32,730
$82,341
24,094
from
ry.
3,033,298
765,495
ICC
holders of
Net
Dividends applic, to
12,059
3,419.040
dates of maturity of not exceeding $4,750,000 of. first mortgage
30-year gold bonds, $1,475,500 of adjustment mortgage 5'i 40-year
gold bonds, series A, and $830,500 of adjustment mortgage 5r/o 40-year
13,204
deducs.—
etc.,
railway..—
from
—V.
1942
1940
$65,890
$111,689
oper.
Net
the
$2,106,616
623
income
Interest
ry.
1941
1942
•
$141,629
$4,911,061
•
;
1943
railway..—
From January 1—:,
,
5%
912,292
(net)
Net
Hanover
from
156, p. 2226.
1943
—
731.
p.
adjustment
ment
income
from
Net
April
on
Central
revenue.:.——
Midland Valley RR.—Debt
689,821
$192,357
revs—
157,
modify
$880,761
oper.
Other
payable
Gross
appur¬
$5,400,000
revenues
taxes
operating
gold
108,000
Prop, retire, res. appro,
the
'
operating
operating
The
1,309,o97
466,915
261,186
64,416
—
is
at
9
.
$944,463 $10,426,245 $10,174,450
514,615
5,444,799
5,500,816
138,106
936,528
964,905
$948,951
473,976
110,202
expenses
and
i
;r
1943—12 Mos.—1942
1943—Month—1942
expenses
No.
coupon
.
income
—V.
Louisiana Power & Light Co.—-Earnings-
Federal
bonds
surrender
r
,
period End. Jan. 31—
and
expenses
Operating
Net
1941
$721,069
.:
(income i
by
Gross
Net
1942..
income
1084.
oper.
157, p.
represented
70 Broadway, New York, N. Y.-—-V.
revenues
Operating
-.1
*
.
3,235,779
1,422,211
421,695
is
Month of January—
3,499,591
383,110
*345,344
376,721
183,053
railway
B
Central RR.—Earnings-
February-
1939.
Net
From January 1—
Gross
interest
Mississippi
.
1938 and
Michigan Bell Telephone Co.—Earnings—
$1,649,476
132,112
238,715
$953,300
income.-.
1937,
presentation
upon
& Trust Co.,
Uncollectible
1943
railway
oper.
1940
^
702,523
190,099
railway.---
from
from
4,402,200
743,679
* 63,178
,
$1,608,712
February—
Gross
Net
1941
$1,871,167
393,72/
21,838
Ry.—Earnings-
Arkansas
&
of
the
years
series
Motlday, April 5, 1943
applied to reduce all- the present deficit ■.
company
failed to earn and was
which
the
CHRONICLE
Gross
1942
$2,157,648
343,332
*03,320
1943
$2,892,269
411,628
"19,362
railway-—-
1943,
Bank
said
to
will be
interest
pay for
installment
Said
1;
February—
due
to
tenant
Long: Island RR.—Earnings—
Gross
this interest 4%
past
unable
1938, the date of the plan, will be
This balance, representing unpaid
before Nov. 1, 1943.—V. 157, p. 899.
Aug.
& FINANCIAL
156,
1,
outstanding .collateral
1951,
and
Co.
p.
have been
interest.
of
1691.
New
called
Payment
York,
•
trust, mortgage
for
will
trustee,' 45
redemption
be
made
Wall
St.,
at
bonds,
of
as
the
New
:
series
June
York,
■
1,
United
■
•
C,
1943
States
N.
:
•'
Y
—
■
Volume
Number 4165 1
157
Morion Salt
'.-."i.See
THE COMMERCIAL & FINANCIAL CHRONICLE
Co.—Acquisition of Plant—
Worcester Salt Co., below.—V,
144,
Consolidated
Earnings
Statement
New Orleans Public Service
:
,
End. Nov. 30—
1942—3 Mos—1941
1942—12 Mos.—1941
A AAAAAAyAAA'A ' A;'-A
"
Operating revenues
$24,349,020 $22,200,245 $92,103,741 $84,769,904
Operating expenses
11,396,588
11,030.693
43,730,120
41,144.757
Period
1115.
p.
1273
5
Period End. Jan. 31—
Subsidiaries—
Munising Paper Co.—Initial Common Dividend—
;■
The
the
stock,
payable
also
directors
the
share on
per
declared
have
directors
common
The
5%
dividend
a
April
declared
first
usual
preferred
holders of record April 20.—V.
to
of
25
cents
to holders of
10
the
share
per
record
'Federal
on
Other
1.
April
quarterly dividend of 25 cents
stock, par $20, payable May 1
155, p.
stock,
payable
50
with
April
cents
1941.—v.
26
holders of
to
share
per
share has been declared
per
paid
157, p.
the
on
i
;
April 14.
This compares
last year, and on Nov. 29,
28,
oper.
Murray Ohio Mfg. Co.—New Director—
Vice-President,' has
_
'
_
been
Operating
elected
railway-™- $3,007,765
railway:——J .1,149,844
from
Net
Net
;t->
ry: oper. income.__
Net
Net
ry.
to
$23,764,484
$5,626,734
$21,163,737
15,705
70,496
$6,343,108
———_
$5,642,439 $21,234,233 $23,822,023
public &
9,310,816
9,523,982
to
$4,038,868
$3,284,126
$11,923,417
Dividends
$14,298 041
public..—
applic.
1,405,802
1,405,802
5,623,206
—V.
55
641,547
84
Power
174,100
178,017
2,828,226
2,433,574
2,415,663
692,353
707,365
488,174
income...
1,276,826
385,033
403,538
in
97,120
3,537,509
267,593
Light
income
of
equity
of
Power &
shown
—V. 157, p. 900.
Other
V
"
subs..
";
$1.878.2.69
$2,283,956
'
;
:v'":
'
-
Aviation
Corp.—New
ry.
Clarkson, Chairman of American Express Co.,. and Frederick F. Robinson, Secretary
of National Aviation Corp., have been
elected directors.—V. 157, p. 1183.
;
„—2,283,956
1,878,269
5.658,664
8,674,751
2,520
8,407
23,317
'
"A v' ^/A "AAA
■
National Fuel
feller
/
$1,886,676
$5,681,981
Int.
106,388
Cr41,249
80,197
66,661
—7,314
7,055
29.994
29,184
38,717
46,569
606,653
Reduce
to
Holdings
Company
March
on
30
filed
with
the
Securities
earned
$814,197
1942,
a
registration statement covering 412,042 shares of its
capital stock which are to be sold by The Rockefeller Foundation to a
selling
the
shares
stock
such
to. less
the
of
be
to
offered
than
provisions
10%
order
the
of
the Public
of
in
total
Utility
reduce
to
representing fractionally
standing shares."--
less
than
,,
.
Fuel
National
subsidiaries
serve
northwestern
total
of
mixed,
or
holding
utility
in
of
and
in
Niagara
in which
territory
its
its
oil
Oil
is
Gas Trust,
of
one
Natural
group.
Gas
Co.
Trust
Gas
Gas
and
companies
owned
Fuel
National
'.A standing and
Cash
been
1902
the
it
3,810,183
nor
is
will
expected
be
made
Net
Int.
of
statement.
"
-
proposed
capital
offering
month
since
the
April.
by
"
'
of
The
the
to
in
financial
;
out-
was
A
the
registration
'
Gas
Gircles.
Among
of
has
Co.
412.042
unwilling
do,
to
as
•
things
other
contributed
Gross
221,363
501,352
168,031
230,072. A
it
course,
Aytion was established.—V. 156,
the
at
time
National
The
Net
at
retirement
for
the
ry.
Net
basis equivalent
annuity
Net
vided
with
642.
p.
with
Federal
Social
'
•
'
,
"
.
"
;
,•
-
A"
Chiefly
-
because
of
the
this
first
stockholders
Profits
first
at
the
before
two
of
effects
months
annual
taxes
months
of
of
gasoline
have
company
two
shown
meeting,
amounted
1943
as
rationing,
decrease
a
K.
year,
R.
Proctor^
compared
told
in
like
some..improvement over those of
figures for this month may- result
final
company's
earnings
trend,
he
added.—V,
in
March
the
in
first
last
year,
they
two
months, and
improvement in the
an
157.
of
p.
J.
of
;•
Power
Houston
The
with
the
SEC
,
Houston
been
of
.
no
A
proceeds
The
•/
;A.
-
part
of
its
holdings
its
dissolution
of
disclosed
is
of
in
Houston
a
\ *.
been
.
A
and
advised
on
prospectus,
Commission
program
common
in
ordered
by
National,
purchase
by
stock
the
are
price
all
to
dissolution
securities
the
of
filed
(no
par
statement,
registered
to the
public, underwriters,
be supplied by amendment.
of
National
Aug.
23,
157,
has
use
1941.-
Net
Other
on
in
the
Misc.
retired
1942
1941
111,667
ended
1943
March
of
This
26, th:s
New
is
telephone,
two
19,759
kwh.
of
for
than
is
106,641
kwh.,
available
for
From
Gross
week
New
of
from
No*
r-
—V.
now
stand
the
past
area
per
to
rate
of
increase
an
242,887
272,549
for
stock
At
from
the
4.918,659
18,292,422
9,260,708
3,894,187
7,581,485
7,826,332
6,027,640
Fed.
exc.
1,024,472
10,710,937
1,434,376
3,917,400
677,900
6,904,800
818,309
income
with
the
is
radio
in
and
similar
were
time
1.
&
$1.50
services
by
The
were
the
1943
March
on
in
insurance
bidders
10
authorized
the
to
company
connection
of
the
with
companies
the
Commission
invited
to
118
obligation
assume
bid
for
In
best
response
bid,
thereto
99.0799
7
and
certain
equipment.
houses,
firms
A
banking
and
the
purchase of the certificates, the
the rate of dividends to be borne
being
The
of
procurement
states:
investment
required to specify
therebby in multiples of one-eighth of 1 %
bids
per annum,
but not exceeding
representing 14 parties
accrued
New York Connecting
February—
dividends
based
were
received.
on
Net
Net
ry.
1940
$198,217
251,949
146,490
V.
.
66,626
92,456
223,847
109,615
railway..__
railway
409,219
441,704
660,922
415,267
156,420
220,159
511,331
302,735
income—.
214,399
233,516
481,495
234,091
January 1—
from
from
ry.
—V.
1941
$323,089
88,779
income...
oper,
From
1942
$204,498
55,670
railway
railway
from
RRi-r-EarWings---
1943
$192,564
from
oper.
157,
996.
p.
New York
The
company,
to
up
and
vertible
haust
price
Dock Co.—Tenders
at
its office,
including
5%
notes
April
due
made
and
The
not
15,
April
later than
accrued
company
interest
reserves
Sought—
1947
to
an
Deliveries
right
to
amount
of
April 29, against
to that date.
the
.
%
44 Whitehall St., New York, N. Y„
receive bids for the sale to it of
1,
$150,000.
approximately
be
make
the
sufficient
of
additional
the
156,
p.
ex¬
are
purchase
purchases
reject any and all offers in whole or in
part.
The notes are listed on the New
York Stock Exchange and
range from the date of issue,
April 1, 1938, to March 27,
been 43%
low and 92
high.—V.
will,
con¬
to
notes
accepted
payment
to
and
the price
1943
has
2042.
New York New Haven & Hartford
operating
RR.—Earnings-
1943—Month—1942
1943—2 Mos.—1942
revenues
$13,035,897 $10,132,395 $26,654,607 $19,947,188
of way & struc.
1,418,119
964,436
2,810,932
2,037,651
of
equipment—
1,707,047
1,488,231
3,490,358
3,108,424
Maint.
Maint.
with
share,
per
continuing
supply of
manufactured,, and
which
Federal
have
been
Communications
all
on
or
Traffic
118,245
Transp.—rail
line
reduction
rates
circuits
made
the
the
and
Ry.
fr.
rev.
tax
Joint
262,365
229,573
3,652,039
8.493,678
7,450,520
265,675
.....
221,047
542,884
446,684
;
297,074
240,027
609,810
508.283
oper.
$5,072,020
$3,453,354
$10,444,580
$6,166,053
2,106,416
1,000,000
4,212,832
1,900,000
income
$2,965,604
$2,453,354
ry
accruals
Ry. operating
Equip, rents
line
Income
Dr359,644
Z)r439,920
Ur593,940
Dr592,036
Dr455,602
Drl,200,612
£>r918,908
income
$2,013,924
$1,557,832
$4,437,196
$2i525,693
2,251,555
1,722,710
4,915,333
,2,861,482
U, 162,307
$625,739
$2,729,982
t.4660.504
American
to
oper.
available
fixed
tNet
reduced.
retired
ry.
charges—
'The leases
below,
but
ations of
of
net
these
Dr821,253
for
charges
after
$6,231,748' $4,266,053
rent—
facility
'Net
initial
private
were
by
corporation
Net
the
changed the
of
on
operations
General
expenses
113,261
4,157,717
—'
interstate
within
more
one-third
interstate
Northeastern
the
following companies were rejected on dates
railway operating income includes the results of
properties:
stated
oper¬
Old
Colony RR. Co., June 2, 1936: Hartford
Connecticut Western RR. Co.,
July 31, 1936; Providence, Warren &
Bristol RR. Co., February
11, 1937; Boston & Providence RR. Corp.,
July 19, 1938.
&
RR.—Earnings—
1942
1941
1940
$1,047,136
$629,721
$337,594
$251,902
594,783
316,128
158,263
87,946
126,887
77,847
87,830
i. 31,244
2,201,389
1,201,786
705,685
1,245,341
606,235
316,253
238,655
railway—.
ICC
liability in respect of not exceeding $1,230,000 of 2 '/♦% serial
equipment trust certificates, to be issued by Continental Bank &
Trust Co.,
New York, as
trustee, and sold at 99.0799 and accrued
Misc.
cents
teletypewriter
acquired
taxes
901,
Period End. Feb. 28—
stockholders
charges
45
prof,
p.
Equipment Trust Certificates—
The
of
years.
approximately
same
228,601
163,323
income—.
901.
9.820,315
3,792,675
and
1183.
p.
*
being
overtime
became effective Mar.
minute
railway—
p.
150,703
,
sent
instruments
2V2
station-to-station rate
~DPr.
157,
9,533,257
127,994
inc..
5.91%,.
Telegraph Co.—Gains—
not
are
an
agreement
reduction
in
the
January 1—
Net
2,695,446
Bank & Trust Co., New York, N.
Y., has been ap¬
trustee, registrar and paying agent for an issue of
$1,230,000
equipment trust of 1943 2lA%
serial equipment trust certificates.
(See V. 157, p. 819.)
a
1943,
of
Orleans
from
3.068,228
18,535,309
of
'A AAf AA-/'--A;'
England Power Asso¬
and secondary sales to other1
with 56,689,006 kwh. for the
increase
an
desk
during
February—
from railway.
Net from railway
••
fr.
1,410.118
5,069,362
5.48%
or
corresponding
■
Association—Output Up 5.91%—
of
which
telegraph,
oper.
1,418,712
9,948.309
available
157,
Net
reports electric out¬
nearly 20,000 more telephones
disconnected, increasing the already heavy
were
Gross
ry.
6,837,811
New York Chicago & St. Louis
RR.—Trustee—
to
amount
installing
reductions
New
15,467,081
The Continental
35,715
612,540
the
A A/A
A
months
service
capital
3.659,244
pointed
11,927
53,002
preceding week, was 61,967,898 kwh.,
corresponding week last year.—V. 157,
one-fourth.
Parallel
2,322,642
8.529,597
income
oper.
charges
charges...
Net
increase
an
11,175,574
(the
telephones,
rate
7,454,720
2,458,735
income
and
20,576
company's equipment and manpower.
The
telephones has almost exhausted
the
available
to
16,615,181
14,390,314
1,123,718
$46,386
43,547
the
England
32,316,130
3.945,321
1,255,485
a
rate of 2Vi%
was
made .by
annum,
Salomon Brothers & Hutzler,
acting on
behalf of itself and Dick & Merle-Smith
and Stroud & Co., Inc., and has
been accepted.
On this basis the average annual cost of the
proceeds
will be
approximately 2.38%.—V. 157, p. 1184.:
Association—Output—
reporting companies
60,038,312, as compared
a
8,728,283
7,617,121
rents
applicant
103,640
Association
other
the
3,668,824
fixed
Gross
AAA A.
result
1,611,421
17,402,203
report
1940
$51,525
24,817
(he
a
1,171,485
1,792,823
31.268,340
3,309,950
income
fixed
Gross
28,245
where
calls
17,185,180
1,269,909
35,912,627
oper.
deducs.
Total
'
income—
Commission,
ry.
fac.
The
996.
from
17,726,002
567,383
accruals.
tax
jt.
Income
8,329,761
15,009,326
......
The
Ry.—Earnings—
59,535
company
9,106,736
8,078,341
17,435,384
income
Total
$
77,628,485
per
112,312
55,224
first
fr.
rev.
ry.
$
592,517
expenses
'Railway
Equip. &
1943—2 Mos.—1942
38,158,875 102,550,784
3,912,701
11,657,292
5,686,547
....
the
900.
p.
10,943
the
struc.
—
and
for
been made.
yet
12,275
installed
were
gain
public
a
consisting
statement
common
according to
the
has
13,752
in
the
load
Net
to
$4,000,000
Houston
:
commitment
Information
interest
registration
money
Robinson, President, in a statement
dividends, payable March 31 at the
in part:
'.v.V-•■/
'
'
Corp.
divest, itself
by Houston for 242,664 shares of
has
made..
as
This
;
firm
Co.
remaining
shares.
value).
that1
its
of
to
proposes
Lighting & Power
242,664
Light Co.- -Plans to Sell Holdings
Common—'
company
offering
&
the
of
J.
their
rate
National
about
pay
'
corporation
income
over
overtime
900.
equipments...
&
Transp.—Rail
3%.
disposal
Post.")—V.
New England Telephone &
As
as
showed
-'
this
21,591 '
was
handset
the
of
Traffic
Ry.
sales
for
$237,000
52,016,210
way
dividends
between
27,632
and
Output
7.30%
volume
President,
$127,000
about
with
to
as
ended' March -28/ 1942.
In
A:-" A. A..-
approximately
year, Mr. Proctor said.
March sales were not as
good
reached
Government will
$55,633
27,
ciation
period last
While
i
production in kilowatt hours, both generated and
purchased,
England Power Association and subsidiaries for the week ended
New
said
retail
*
to
recently
the
production
Total
Dividend—
business
revenuse
of
606,653
ago.
week
some
in
operating
$
$3,477,699
New England Power
of
«
this
46,569
$2,006,047
11,788,144 kwh.
March
National Refining Co.—Sales Off from 1942—
during
$
Ry.
,
1943—Month*-1942
$4,084,352
38,717
1943
$1.20
divisions
$2,052,616
$368,633
Se¬
The
the
$407,350
1,436
was
week
RR.—Earnings—
V
'Includes
—_
for the March 26 week is reported at 135,710,000 cu.
ft.,
an increase of
12,997,000 cu. ft., or 10.59% above production of
122,713,000 cu. ft. in the
corresponding week a year ago.—V. 157, p. 1183.
directors have /declareda, dividend ©f 25 cents per, share on
preference stock, no par value, payable April 10 to holders
of record April 1.
A quarterly dividend of 30 cents per share and a
participating dividend of 5 cents per share were paid on Jan. 15,
last, and on July 15 and Oct. 15,. 1942—V. 156, p. 516.
v
$280,060
deducts,
27,917
the
1
29,184
$54,684
t
National Money Corp.^25*Cenk Preferred
<
223,517
29,994
Northern
p.
utilities),
■
321,028
(Including All Leased Lines)
,;
428.412
66,661
Gas output
to
combined
income...
oper.
Period End. Feb. 28—
$4,765,465
94,785
railway—
oper.
of
year
totaled about one-third of yearly salary.
revised
plan had been in effect during 1942 cost to the
would have amounted to but $34,317, it was stated.—V. 157,
the
If
company
$2,469,081
railway——
157,
above
meeting approved a pension plan
higher paid employes at 65 on an
which -when
pension
$600,990
December.
oper.
ry.
put
benefits
curity
'
.
a
23,317
$323,520
New England Gas & Electric
.
approximately one-third of salaries above
$6,000 per annum, but pot exceeding $21,000.
A The new program supplements the previous plan under which em¬
ployes receiving salaries of from $1,800 to $6,000 annually weie pro¬
'•
ry.
New York Central
$4,670,680
railway——
frcm
—V.
annual
of
8,407
From January 1—
Gross from railway
was
Gypsum Co.—Supplemental Pension Plan—
stockholder's
provides
2,520
$2,445,764
319,810
decision
from
For
which
1942—12 Mos.—1941
$592,583
7,055
"Financial
from
the Founda-
2226.
p.
,
-:V. 157, p. 996.
Net
80.197
whereby
Net
108,889
163,706
Company
106.388
settlement
Nevada
,
the Rockefeller Foundation
(b)
to
to
—$278,624
of
final
194Q
$247,473
74.870
520.128
30.
adjusted
<.
1942—3 Mos.—1941
February—
forced distribution to the public of a large block of stock
which presumably has been held by only two owners for more than
50 years—(a) the Rockefeller private holdings which
apparently were
*
of
be
pro-
the
(2) The
;
unearned.
Account
At Nov.
to
$321,000
income—
other
income
(Toronto
con¬
holding company which, of
a
or
1942.
$384,756
requirements applicable
—Cr41,249
income
No
shares
occasioned
thropic foundation to divest itself of approximately 50% of an invest¬
ment
it has owned tor many years And which has
yielded a
very handsome income.
It is understod the alternative was for the
to, register
of
outstanding.
Fuel
1941
$218,432
•
112,319
pro¬
company's Malton aircraft plant.
Of this amount $150,000 is attribut¬
able to earnings and the balance to
plant, inventories and other assets.
The $4,000,000 settlement is
equivalent to $22.79 on the 175,500 shares
other
278,756
497,917
Other
tax
National Steel Car Corp., Ltd.—Sale of Plant—
a
rate
.
Foundation
by the Revenue Act of
dividend
adjust
to
,
posed sale points tip—
(1) The far-reaching effect of the Public Utility Holding Company
Act.
In this case the provisions of the Act are compelling a
philan¬
„
1942,
and
month
Correction—The earnings statement given in "Chron¬
icle," March 22, is for the three and 12 months ended
Oct. 31 (not Dec. 31).—V.
157, p. 1085.
registered
of
names
the current
7,314
oper.
month
$478,325
499,767
income—
^
78,222
.
,
$7,481,770
77,395
Ottawa
being
$744,924
Maint.
j,,
monthly pro rata credit adjustment of $25,937 for the
current month and
$51,875 for the 12 months ended Nov. 30. 1942,
representing overprovision for Federal capital stock tax.
At Nov. 30,
1942, there remained a net overprovision of $25,938 to be
adjusted in
the
1942
railway—;.
oper.
Ry.—Earnings—
Only)
1943
451,372
'Includes
of
Mexico
&
264,709
—V.
paid.
shares
amendment
•'
National
There
1903.
.
(con¬
c—„
taxes
and
Net
outstanding
yearly dividend
was
by The Rockefeller Foundation
the
of
interest
of
supplied
»1
sale
stock
siderable
the
be
to
are
has
30,
natural
stock
common,
.
Texas
919,747
223,517
;
the
stock.
paid each year
public
during
underwriters
The
that
the
$2,090,575
.
from
Net
Trust
successor
of
subsidiaries
10 for 1 stock split-up in 1927." Since then the
has been 81 per share, except in 1935 when $1.25
It
as
stocks
shares
its
of
any
preferred
have
from
in
544,586
$1,694,499
......
428,412
$5,218,941
for
overprovision
——
income
Nov.
tFull
—
income
3Federal
Trust.
has
it
or
dividends
the
Co.
neither
incorporated'
acquired
by
Gas
bonds, jnotes
any
was
net
a
December.
Other taxes
The certificates of Natural Gas Trust
certificate-holders of Standard Oil Trust.
the
to
of
'
$1,654,319
ended
Expenses
and
properties,
distributed
Fuel
Natural
gas;
of
whose
Falls, in Ontario.
The
the subsidiaries operate
Natural
Standard
remained
month
from
predecessor,
former
there
the
Other
1,200,000.
the
months
12
solidated)
out¬
York
New
the
Income from subs,
cities of Buffalo, Jamestown
Erie, Sharon, Oil City, Meadville and
York;
the
of
through
from
then
National
-
and
company
western
319.810 L
.
adjustment of $384,757
Period End. Nov. 30—
view
1935.
organized by Standard Oil Trust in 1886, and acquired ownership
natural gas properties segregated at
that time by Standard Oil
were
<
issued
total
\
$2,241,580
credit
for
Total
public
a
Pennsylvania;
members
Trust
t
New
to exceed
Company
older
is
the
in
Act of
381,018 shares,
.
natural
gas,
in
population
is estimated
Co.
shares,
own
to consol.
surplus
Income
ownership of
Company
1,435
respective periods whether earned
Pennsylvania, including the
Lackawanna,
Bradford,, in
was
Gas
of
10%
its
outstanding
Holding
Upon the sale of these shares, the Foundation will
and
in
of underwriters headed by Dillon, Read & Co.
The Foundation
793,060 shares of National Fuel Gas Co. capital stock and is
owns
deducts.—
visions to the amount required
Exchange
and
Commission
group
other
"Includes
10%. to Comply with Holding Company Act—
•
—
Bal. carried
Than
Less
to
544,586
Maint.
Gas Co.—Registers with SEC—rRocke-
Foundation
taxes
&
$2,635,161
pfd. stock for the period.
to
$8,769,536
77,395
,
A
'
$2,239,085
94,785
——
Other taxes
2,292,365
% $308,626
From January It—
Gross
$2,286,476
Federal
226,854
172,343
$8,674,751
Net
Total
Directors—
L.
3,601
$5,005,607
2,370,446
railway——
1,415,822
Net from railway..902.576
$5,658,664
A
'
(as
income
Expenses
Robert
applic.
from
.
National
■'
10,372
$4,531,450
February—
Gross from
railway
Net
;h
•
National
Light Co.
above)
242
$517,102
208,476
157, p. 996.
Net
Co.
National Pr. & Lt. Co.—
Net
1,697
(Company
of National
&
2,751,023
$5,002,003
$172,222
New Orleans
5,623,206
349,110
3,543,245
$4,521,078
$399,076
mi¬
to
interests
251,549
$516,860
(net).
income
Balance
2,358,313
294,500
income
Net
.
$397,379
revenues—
Interest, etc., deductions
1
x
2,304,240
—
% 420,320
252,043
re-
appropriation
oper.
Gross
57,539
.
%
1943—12 Mos.—1942
$2,296,845 $24,468,578 $22,560,400
953,115
10,677,298
9,969,711
325,639 : 2,770,606
: 1,962,161
249,682
2,956,351
'2,875,499
1,043,334
,
r._
Other income
5,778
14,956
-——...A
divs.
Net equity
207,070
-
-
/Aj, 18,476
■
$1,170,773
592,957
oper.
1,868
$6,328,152
___
deductions
nority
railway.^.:-.
from
income
Portion
6,226,876
from
4,989
(net)
Balance
$1,355,462
325,154
333,250
$5,624,866 $21,145,261 $23,758,706
expenses
retirement
Inc.—Earnings—
1943—Month—1942
$2,407,576
—
taxes
6,359.619
of
income
interest
tPfd.
railway..-J
From January 1
-
Gross
$1,699,969
,
Property
director.—
a
.
from
Gross
'
$6,323,163
——
income
other
.
•
.
^
lease
(net)
Gross
7, Nashville Chattanooga & St. Louis Ry.—Earnings—
V February— 1M
-V :
1943
if* 1942
1941
1940
•'
6,799,257
revenues
taxes
Other
5,255,327
serve
revenues—,.
from
Other
-:v
Frank
J.A Hannon,
V. 155, p. 1216.
'
; -
1,697,971
Federal
8,251,495
.
Net
plants
Net
•
5,351,753
common
record
Nov.
on
15,077,350
1,231,043
ap¬
propriations
Rent
of,25 cents
2,615,667
1.859,022
——
reserve
2186.
Murray Corp. of America—To Pay 25-Cent Dividend—
dividend
3.454.882
1,315,365;
retire,
Net
A
taxes
taxes
Prop,
Operating
Operating
-
..
tEffective
are
included
Western
dence
'
508,934
172,583
>
63,564
RR.
&
accrued
the
and
Providence
charges for the stated leased rentals
Colony RR., Hartford & Connecticut
no
Old
unpaid
&
Bristol RR.,
real
estate
and
taxes
on
Boston
Old
&
Provi¬
Colony
and
properties;
also accrued
and
unpaid charges
pronerties for Boston Terminal Co. taxes and bond
inter¬
157, p. 901.
against said
est.—V.
of these dates,
covering
Corp. leases.
includes
Boston
as
RR.,/Providence, Warren
New York
&• Western Ry.-
Ontario
Feb.—
"
1943
Net
from
Net
ry.
iailway_-^-_
J
.
20.084
income—.//.
oper.
from
Net
from
Net
ry.
"27,912
37.502
*99,441
*79,944
157,
New York
Feb.—
from
Net
from
Net
ry.
1943
/
.
Net
Net
ry.
—V,
income—
Net
from
ry.
Operating
$230,681
72,584
Gross
90,975
24,848
43,567
12,268
Net
227,887
81,445
96,246
C7.962
4
from
Net ry.
1943 h'x
$633,714
181,766
81,638
1941
1942
1940
-.J
$385,303
96,591
68,660
40,998
18,164
1,258,802
941,604
772,659
633397
339,832
151,629
181,548
145,369
from
Gross
from
Net
railway
railway
income—
oper.
ry.
"Deficit.—V.
the
revs.
oper,
—
■
V:
Pacific
6,434
V.
148.
1943—2 Mos.—1942
975,145
2,280,402
1,986,624
2,033,4 14
4,708,184
4,126,153
rail
dividend
178,262
158,414
335,527
2,200,369
5,350,396
on
49,907
27.346
99,523
184,822
471,797
476,474
ry,
$3,515,646 $11,108,524
$8,042,686
$5,278,915
revs.—
oper.
4,317,770
2,539,475
8,824,074
5,294,162
Ry. oper. inc.----—
Equip, rents (net I
'
$961,145
$976,171
$2,284,451
$2,748,524
696,418
449,219
1,435,815
952,241
met)—_
Drl8,396
8,464
Dr3 0,198
Dr3,623
Ry.
accruals.,-—
tax
facil.
Jt.
rents
S.
Arrearages
cumulative
-
of
record
and
The
American
corporation,
establishment,
"The
the
Taxes
Directors—
,
..
.
stock,
Other
$1,639,167
items
inc.
$1,433,854
$3,690,068
of
as
April
1943
2,
amounted
£>r2,334
65,857
Ur497
(bal.)
Corp.—New Route—
„;
$1,672,507
$1,431,520
$3,755,925
$3,696,646
debt.
176,166
176,471
352,391
352,978
income
Gross
funded
on
Dec,
30
days,
States
of
and
new
Latin
Net
income
$1,496,340
international
open
trunk
157,
Ry.—$3,200,000 Equipment Trust
banking group headed by The
Corp. and including F. S. Moseley & Co.
Offered—A
Boston
and Kidder,
000
Peabody & Co.,
April 2, offered $3,200,-
on
2%
equipment trust certificates (equipment trust
1943) with 20% equity.
Dated May 1, 1943, and
of
annual
in
due
>
to 2.25%,
other
T>
interest
a
99.1199
Hutzler;
Hall & Co.
bids
in
They
York.
sale,
bid
&
(M.
issued
be
N.i
the
under
each
principal
Bank,
interest by the com¬
Net
ry.
dated
8,810,889
1,147,052
691,265
9.974,957
1,815,314
income—
901.
4,117,338
2,562,083
1.256,247
Electric
ended
of
output
March.
27,
kwh,
34,389,000
Northern States
the
totaled
1943,
the
ior
(Del.)—Weekly Output—
Co.
States Power
Power
37,354,000
corresponding
system
kwh„
week
year,
26
of
years
Mr.
succeeded
jo'.ning
1942,
and
Utility
Co.
President,
of
Treasurer
Delaware,
Power
President
Engineering
&
Co.
and
Ry.
States
Northern
See
States
Power
on
Misc.
from
Net
.Net
from
L—.A
•General
from
Gross
157,
p.
921,945
Net
from
Net
ry.
104,457
*16,042
*24,441
111,323
157,
p.
*54,161
*56,560
•
Associated
Operating
revenues
Uncollectible
Operating
1,963,882
1,532,732
bal.,./
1,015.270
916,070
1,796,286
.retire,
rents— Dr
facil.
468.439
402,382
9,659
*45,124
Net
171,455
*63,712
*112,271
from
ry.
;
*109,417
*166,729
Net
.
$88434
92
48,397
$182,468
$155,727
223
183
102,926
:
94,338
.
$29,711
$79,319
operating
V. 157,
471.598
11,857
31,502
23,724
income
$21,352
$17,854
$47,817
$37,482
Ohio
The
$1,25
share
on
record
paid
-
Discount
&
railway ——I—
oper.
from
of
Company
Only
income.
>
In
the
per
the
on
share
on
the
5'v
preferred
stock
and
of
10
cents
per
stock, all payable April 1 to holders of
participating dividend of $1.65 per share was
the 6'L participating preferred stock on April 1, last year.
March
no
par
26.
common
A
the company made the following payments on the common
Stock; April 1, July 1 and Oct. 1. 10 cents each; and Dec. 28, 30 cents.
1942,
countries
in
companies
Corp.
other
of
Philco
by Mr.
the
outside
products
statement
whereby
Gubb
and
United
Mr,
Corp.
Mcintosh,
Y.
Corp. will, there¬
development of the
further
the
International
Philco
by
Slates
the mutual
arrangement
International
Philco
forward
curry
United
the
has handled the sale of Philco products
The
States.
outside
it has been deemed in
discontinue the
to
the
at
according
States."
McAteer.
will
include
Larry E. Gubb,
President; John S. Briber*
Dempster
Vice-President, and William R. Wilson. Treasurer of Philco
Y.
City,
board
The
N,
City,
Treasurer.
as
McAteer,
of
include
American
and
director
a
will
directors
of
President
Heberling,
Steel
the
above/officers,
Export
Vice-President
Co.,
of
Inc.,
W;
Howard
Russell Lv
and
Philco
Corp.—-V.
157,
733.
p.
Philip Morris & Co», Ltd., Inc.—Debentures Called—
The
1,
been
drawn
»the
is notifying holders of its 20-year 3'i
company
May
1962, .that
by
/sinking
$100,000
lot
principal
for
at
fund,
redemption
102'>
The
and
after
at
the
on
drawn
May
surrender,
for
1943,
1,
the
debentures
of
the
called
interest
trustee,
for
after May 1. 1943.
In order
drawn
debentures,
the coupons
the
debentures due
debentures
of
out
have
in
moneys
the
to
date
of.
redemption will be redeemed and paid
the redemption price upon presentation
at
office
and
on
1943,
,
debentures
and
on
1,
accrued
plus
-
May
the
of
amount
on
redemption.
P.
J,
Morgan & Co. inc.
will cease to accrue
redemption
collect the accrued interest
to
on
due on May 1, 1943. should be
presented at the. National City Bank of New faork, 55 Wail St.,
New York, N. Y., for payment on and after May 1,
1943.—V. 157,
p.
1089.
The
:
directors
of
count
payable
:
have
'
declared
accumulations
May
was
made
and
incl.
'share
1
/
:
Feb.
on
1.
made.
157,
of
7fe
cumul.
record
of
last,
The
dividend
a
the
on
holders
to
April
and
Aug! 1. 1942, while
was
1938.—V.
in
on
each
Dividend—
$1.75
from
$1.75
on
ac¬
$100,
par
distribution
Nov.
1,
1941
of $3.50
payment
a
was
stock,
similar
A
1942
share
per
preferred
20.
quarter
2,
Nov.
previous' dividend
paid
to
per
Feb.
on
1,
259.
p.
Pittsburgh & Lake Erie RR.—EarningsPeriod End. Feb. 28—
Ry.
1943--Month—1942
rev.$ 1,598.068
oper.
Maint.of way and struct.
Maint.
of
Traffic
1943—2 Mos,—1942
$5,455,925
$2,197,574
84,651,792
436,049
226,611
217,985
463,299
768,551
803,031
1,646,287
41.565
39.135
776,932
722,813
1,578,410
1,529,881
98.420
93,879
197,969
195.590
$685,989
$320,731
$1,487,005
$728,731
701,465
equip..;
506,033
1,491,919
852,834
Cr408.999 Crl,045,467,
Cr816,$97
/
-
—
>
—
tax
ity
oper...
accruals...
and
joint
V/
1.681,478
>-'•
82.955
80.063
facil¬
rents
Net
./.
from
rev.
*Ry.
ry.
Other
Cr519,574
$504,098
inc.
oper.
income
Total
Misc.
/";.
income
Inc.
11,194,094
10;391,337
4,210.309
5,704,575
Net
/Jv/r,:%</'/
1185.
i
'
■
V/N-83,305,121
72,880.059
21.339.372
17,665,449
12,080.290
10,168.483
' 7
'
V
exc.
157,
p.
$724,810
106,589
368,901
218,568
$506,24^
!; v-'.rr. Tfl'V-C
$713,518
3,402
6,827
6,821
$131,108
$706,691
$499,421
516,416
'• ?
$134,510
$344,801
_
$348,235
3,434
.ii,
income
and
32,016
;
$1,082,419
178,063
328,617
f 1,116,358
492,634
charges..
"Includes Fed.
-V.
41,866
•;;L
$241,099
fixed
for
_
fixed
Total
income
prof, taxes
997.
Pittsburgh Lisbon & Western RR.—Purchase, Etc.—
4,466,509
1—
avail,
$692,794
$1,040,553
.1-7.402
from
i..///.:—:
charges
,:
8.206,320
4,795,807
—
$223,697
! V-
22,200
,
$526,298
—
deductions
income
/
17,392,174
/
railway—
157, p.
Net
from
ry.
from
from
Net ry.
87,587
income—
January 1—
The
the
ICC
March
on
purchase
the
authorized
8
and
operation
by
the line of railroad now owned and
Suburban Ry., and also authorized
'the Pittsburgh,
Lisbon & Western RR. to issue an unsecured nego¬
tiable promissory note of the face amount of not exceeding $378,000,
to be
delivered at par to the Youngstown & Suburban Ry. in pay¬
of
company
operated
by
for
of
portion
a
the
&
Youngstown
line
the
1940 5
$384,858
*76,609
*213,960
*166,809
"217,319
1,024,966
'70,413
*402,198
'789,368
*122,206
*.
-
of
railroad.—V.
156,
1508.
p.
:>
.•
-
...
.
Pittsburg Shawmut & Northern RR.—Earnings?
railway——
income—
157, p. 997.
1,382,580
52,769
*254,626
.
:
<
759,509
*183,262
from
"377,309 V- *465,227
Net
from
ry.
Net
from
ry.
15,573
1941'
$121,327
•(,
.
-
r/.;
.1940
$126,794
23,325
$106,846
55,502
8,822
,38.946
.
38,976
-
.
24,208
/'.■
223,331
245.809
262.595
railwayl_'_.-
'48,363
42.719
113,921
86,226
income-^.
23,164
13,281
82,293
55,393
oper.
157,
27,715
railway--
from
Net
•
.income—
oper,
1942 '
$113,847
railway—_
lailway
From Jan. 1—
Gross
'
1943
Feb.—
Gross
Net
railway
oper.
1941
1942>
$400,063
*43,189
•
$481,803
*56,563
56,103
railway.-—-
oper.
From
Gross
p.
228,22p
901.
Pennsylvania Water & Power Co.—Bonds Called—
Co.—Participating Dividend—
recently declared a participating dividend of $1.40 per
regular quarterly dividend of $1.50 per share on the
participating preferred stock, and the usual quarterly dividends
6%
of
Loan
Steel
American
of
Chairman;
5,635,594
"Deficit.—V.
directors
and
United
the
Chairman, of
Gubb,
;
-
Export Co., Inc.,
two
and
of
E.
President
N.
—V.
share
represented
United
joint
a
429.237
11,994,532
Gross
1087.:
p.
206,390
1,985.878
February—
m'V
T
1943
from railway—_
$714,336
'
Net
Net
•">>
•
outside
countries
Larry
because post-war developments of Philco
fields in competition with products of
over
Officers
all
by
McAteer,
Pennsylvania-Reading Seashore Lines—Earnings—
$61,206
15,586
-
the
in
2
enter
Steel
the
take
fore,
ment
$36,938
revs._
taxes
221.849
-
*•
r
'
142,063.372 107,194,458
from railway/——
36.932.074
23,922,599
ry. oper. income—
12,021.134
10,048,939
Net
1943—2 Mos.—1942
$78,200
112
51,084
___
'
4,785,779
bal.
inc.-/—
,
Co.—Earnings—
—
operating'
oper.
From January
Gross
Net
1943—Month—1942
of
corporation by agreement
formed the Philco Interr
Avenue, New York. N. Y.. to
plans lor expansion of its export business
and
to
W.
the further expansion of
for
has
Park
230
April
American Steel Export Co., Inc.,
February—
1943
1942
1941
1940
Gross from railway-.— $68,563,128 $51,846,286 $40,701,866 $34,384,285
Net
Operating
rents—Dr
ry.
Net
581,879
Telephone
it
outside
1.709,828
op.
ry.
Earnings
901.
___
„
1,812,646
*57,494
860,718
rev.
oper.
expenses
_•
745,388
—V.
Ohio
42,826.356
1,505,544
1,901,550
962,427
*86,101
213,362
Period End. Feb. 28—
56,067,545
2,375,712
2,808,595
20,933,914
697,593
965,576
taxes—
y-'/;
income—
pper.
"Deficit.—V.
? 1,536,943
23,866,953
13,031,290
1,528,272
$192,451
—
war,
American
Net
36,925,344
18,886,400
-Earnings$226,262
railway-
railway
from
1940
■/
the
—
$267,983
157, p.
//:/'■: V /-V',
period,
Inc.,
products
/
f,
Philco
manufacturers
RR.)
1943—2 Mos.—1942
11,165,489
6,567,201
744,562
Jt.
1941
income—
E.
744,309'-M,916,993
27,412,195
1,140,801
1,489,315
—.
expenses
rev.
Equip,
1184.
1942
railway
oper.
ry,
From Jan. 1—
&
17.391,372
Railway taxes
—9,518,200
Unemployment ins. taxes
887,847
Net
in charge of accounting
Service Corp.. Chicago.—•
above.—V.
Inc.
of
Co.,
offices at
Oct.
organization
S436..064
railway
B.
51,945,669 142,315.500 107,392.281
5,558,693
16,725,395
11,320,314
11,880,095
25.495,916
24.434,621
8,005,190
12,331.047
operations
Net
RR
and
68,691,865
struct.
Transportation
(Minn.)—New Treasurer
(Del.,)
RR.
equipment/...-
ol
Traffic
been
1943
Feb.—
Gross
Co.
Power
Pacific
Nortiiwestern
Co.
I.
1943—Month—1942
revs.———
oper.
Maint.of way and
Maint.
and
has
tax.—V.
v
Subsidiary—
New
post-war
Howard
and
the
interest
the
Philco
cause
Equip,
Railroad
Northern
L.
lExcludes
1184.
p.
of
might
•.*/••
•
of
Braheney.
States
Vice
was
Vice
as
Power
by Mr.
Northern
Public
of
retired
States
capacities
the
Braheney
Mr.
finance
157,
also
has
$601,532
$622,522
•
income
Pennsylvania RR—Earnings of Regional System—,
-v.:
Northern
these
in
Before
V.
the
of
General Manager
Federal
m
Transportation—Rail....
Period End. Feb. 28—
service.
Molyneaux
director
1,
President and
Crocker,
tlncludes
announced
Other expenses
increase
an
Northern States
Power Co. of Minnesota, announces that Bernard F. Braheney, a Vice
President
of
the
company,
has been elected Treasurer to succeed
John J. Molyneaux, who retired from active duty on March 31 after
D.
currencies.
.preferred stock called for redemption on May 10 will also be converted
stock.-—V. 157, p. 1185.
:
Change in Personnel—
T.
Co.,
"Because
that
•into common
with
for
$892,463
$759,845
Export
with
of
Export
$10,000,000
of
which
Canadian and English subsidi¬
all of the preferred stock called
on
April 1 was converted into common stock with the except on of
2,236 shares and that it is expected substantially all of the remaining
announced
also
company
243,563
?.
approximately
week
compared
as
last
the
aggregates
$7,000,000 is owned by the company's
aries, which debt is payable in
foreign
The
94,615
> ;
249,608
>
in
Steel
was
Corp.,
a
subs:d aries
149,751
.-v..
255,994
,
laying the groundwork
i
232,626
1940
At
10,938
/
Phillips-Jones Corp.—Accumulated
486,317
3.536,467
it
Pays All Bank Loans—
;
621,425
14,799,654
Northern
<>v
not liable.
were
930,881
6,698,286
p.
believed to be the best interests of the
in what they
acted
and
1,367,869
20,072,410
open
v-V. 157,
had
stockholders.
and the directors who approved them
1,858.424
— —
railway
Paramount
other
five
who made the payments,
officials
suit by Henry
He held that'the
the
to
Corp..
sales
Interest
»
•
dismissed
Walter
3,512,764
■
income—1
railway-—--
from
from
•,
Justice
June
2,120,372
railway—A—
Net
Browne,
$4,223,657
From January 1Gross
and
Hornstein
later,
last
676,000
113.838
'
—
Corp.—Forms
business
American
national
Upheld—
1941
$4,826,225
1942
February—
1943
from railway—— $10,000,885
oper.
-
$7,319,209
subject to authorisation by ICC.
Gross
ry.
r':-
820.
meeting of the board of directors held March "25, it was
voted to pay off all bank loans of the company.
By this action the
$5,000,000 borrowed by the company from banks in January this year
will be: repaid within the next few days,■; 4
This is in line with the company's program of debt, retirement and
eliminates all fixed debt of the parent company except for $19,634,000
of 4'//
debentures due 1956.
In addition, the fixed debt of consoli¬
Earnings for February and Year to Date
from
901,
p.
members.
trial
a
'J''^
Principal
the First National
and
157,
companies in return lor their agreement:not,to/ call strikes
union
Alter
which
of
Philadelphia plan.
payable at office of
Certificates guaranteed
.
Net
their
of
company
to
pany,
Issuance of certificates
Net
film
George E.
d;vs._
for
view
a
export
with
$1.40
officials of the International Alliance of
Theatrical
Stage Employees,
A.
F. ol L.
Bioff and Browne were
convicted later on charges of extorting money from Paramount and
by Salomon Bros. &
Inc., and 99.037 by Harris,
Co.,
return
and
1953
a
divideuds of
quarterly
ruling of Supreme Court Justice Carroll G. Walter
stockholders to; compel directors of the company
$100,000 that was paid out of company funds to Willie
Bioff
99.31
were:
Stuart &
the
at
on
usual
the
preferred stock and of $1.50 per share
stock, both payable April 1 to holders of
cumul.
by
to
depre.lv/;
depreciation,
Philco
to
a
suit
a
$1,627,554
676.000
11,844
538,922
59,211
tax.—54,000
"T
With'
its
Appellate Division of the N. Y. Supreme Court affirmed unani¬
The
of
bidding
competitive
submitted
were
coupon.
by Halsey,
are
dividends
and
acquired
30.—V.
mously March 26
(Inc.)
Certificates
New
to
declared
preferred
dismissing
according to maturity.
were
Three
99.689.
named
1944
avail,
Corp.*
also
B
March
other
from
$320,000
Bal.
,
the 5.60"<■
on
class
$1,708,819
$1,855,217
548,510
(or
distribution
Co.—Dividends—
Paramount Pictures, Inc*—Dismissal of Suit
being offered at prices to yield from
are
certificates
The
of
amounts
inclusive, they
0.85%
share
the
record
Pacific
Northern
Certificates
First
per
901.
p.
129,255
,
'
deduce.-
income
exp,
1089.
end
America.
international
new
a
have
directors
The
$3,343,668
$3,403,534
$1,255,049
on
-V.
the
airline
will undertake
March 30.
on
a
last year.
31,
125,338
88,444
$1,367,567
Oth;
Philco
declared a dividend of 50 cents per share on
the common stock,
payable April 15 to holders of record March 30.
Like amounts were disbursed on Jan. 6* April 11, July 6, Oct. 23 and
directors
1940
$2,446,739
689,929
,
Fed.
charges
&
handle
Panhandle Eastern Pipe Line
The
Int.
to
"air gateway" at New
Orleans.
It will connect at that port with existing domestic United
States airlines and bridge the Gulf of Mexico with Central and South
America.
It
will
provide the
first high-speed
direct "short cut"
between the 19 States of the Mississippi and Ohio Valleys and the 20
Latin American republics.—V. 157, p. 45,
'
'*>■? *
./^V'•/!.»
>'■£'
"V'S"' •'
/•:>•:•':/ V --'
$3,697,143
33,340
c
1941
689,895
787.292
taxes)
eaiuiings
Federal
$100, payable
distribution was
the
•
Net ry.
Net
Interest
par
similar
A
of
477.
p.
it was announced
will
*1,087,574
$2,524,053
1942
$2,730,953
t308,325
inch
inot
Co.—EaVnings—
Water
1943
$2,763,466
(incl. maint'.'-)
income
v
.
four preceding quarters.
share was made on Dec. 15, 1942.
per
issue
157,
22.
each
Airways
within
United
route
SI.07
'
Suburban
revenues
States,
Pan
$461,974
on
Co.—New
preferred
April
in
above
the
on
share.—V.
per
$439,543
$1.02
1941
'
$678,039
216.065
;■
Dudley have been elected directors.—
payment of $2.50
a
••
,'-i'
.
Philadelphia
Operation
Cement Co* Consolidated—Dividend
last.,
29,
289,415
share..——'
733."
12 Mos. End. Feb. 23—
Gross
share
per
$728,958
1942
IT;:'..-—
tax_—
share has been declared on account of accumu¬
per
holders
addition,
$44.32Va
59.060
245,181
.
$1
6 Va %
Jan.
4,620,107
expenses
of
to
between
Net
:
i
the
on
29
319,918
2,710,029
line
operations
General
p.
157,
"Includes
In
1,166,629
Misc.
per
$3.91
y
_
$9,095,158 $24,354,353 $1.9,631,022
2,374,703
—'
Transportation
$1.50
Insurance
Howard
and
Portland
made
Ry.—Earnings-
$12,003,626
equipment-
of
3079.
p.
Pacific
April
Maint of way and struct.
of
dividend
Life
Mutual
Atholl McBean
*65,892
Maint.
Traffic
quarterly
'•'
Co.—Earnings—
'earnings
—V.
2.740.058
$3.24
1186.
157,
Mich.—V.
taxes__
income
Retire,
*42,054;
44,684
70,231
1943—Month—1942
— —
usual
before
Amort.
A
Western
Period End. Feb. 28
Ry.
2,373.74'4
'
1087;
157, p.
p.
'
counties,
3,612,161
——
share—
shares outstanding.—V.
approximately. 10.50
12 Mos. Ended Dec. 31—.
Profit
abandonment
from Coleman
miles, iri
permitting
certificate
a
Beaverton,
at
Pfeiffer Brewing
Net
3,220,2712
accruals
reserve
the- line
Gladwin
and
issued
20
branch line, of ^railroad extending
of a
of
Earnings
1942
$10,470,042
.
the common
stock, both payable May 1 to holders of record April 15. -'Like amounts
were disbursed in each of the seven preceding quarters.—V. 157, p.
169.
1184.
157, p.
&
Midland
?
Co.—Earnings1943 $11,940,495
March
on
end
Federal
Okonite Co.—50-Cent Extra Dividend—
lations
Norfolk
'
ICC
the
to
29.516
income—
From January 1—
Net
*2,759
$306,466
$470,671
railway-—-/
oper.
RR.—-Earnings-
Southern
February—
Gross from railway——.
Net
43,743
5,838
*6,788
The
by the company
The (directors have declared an extra dividend of 50 cents per share
and
&
37.029
„—
common
per
z *3,952
'/'■ ■■•■>
201,622
160,710
income—
85,495
.4/'
retirement
after
2,036
39,010
8,529
income
*550,000
529,748
199.500
Natural Gas
revenues
income
"Earnings
157., .p. 1184.
Norfolk
railway——'
1940
'$21,258
>
.
152,424
•
oper.
Oklahoma
109,764
589.516
251.725
129,441
.12 Mos. End. Feb. 28—
$288,628
607.488
.
,v
railway—
income—50.942
"Deficit.—V. 157, p. 901.
88,393
.
income—
oper.
from
Ry.—Abandonment—
Pere Marquette
V ' <-
1941
$126,452 .'/■/; $83,402 y
$17,810/
69,913
47,623 -V/,y4.-2,6Q6
31,077
18,136
j," 3,254
•■•/
:j.y
""■'/
railway---
railway——
Net
$289,972
ra'lway—936,320
railway—
434,734
oper.
ry.
230.043
railway—$465,914
from
from
Net
1940 W
1941
1942
From Jan. 1—
Gross
from
996.
p.
railway
oper.
Gross
Net
Susquehanna & Western RR.—Earnings—
'
'
■
811,119
*36,528
*173,178
„
855.408
5,457
*132,813
971,731
57,245
income-
"Deficit.—V.
Gross
1,204.187
—
$362,088
*45,478
*113,753
1942'v1:
'
1943
from
Monday, April 5, 1943
•
Ry.—Earnings—
City-Ada-Atoka
'
Feb.—
Gross
From Jan. 1—
railway——
oper.
Oklahoma
■
■■
I
■
railway
$409,965
'10,883
.
*76,679
25,533
From jan. 1—
Gross
:
1940
1941
$484,419
V'
44,441
■
-Earnings—
1942
railway—,./'•'• $613,643
from
Gross
*
FINANCIAL CHRONICLE
THE COMMERCIAL &
1274
redemption as of May 1, 1943. a total
and collateral trust bonds, 3 V\V
sinking-fund on May 1, 1943 at 106 and
accrued interest.
Payment will be made at The New York Trust Co.,
•trustee, 100 Broadway, New York, N. Y.
>
"V.
'
.
•.
The bonds called include $84,000 coupon bonds ' and $18,000
fully
The
of
company
$102,000
series
due
has called for
refunding
1970,
for
registered bonds, a portion of the latter being called in part.
In the
case of registered bonds called
in part the trustee will deliver eoupop
or
registered bonds
Portland
mortgage
The
the
for the unpaid
balance.—V. 157, p, 820.
Gas Light
directors
have
of ^accumulations
Co.-r-Accumulated
declared
the
dividend
a
of
$1
Dividend—
per
share
on
.
account
$6r-ciunul;
preferred-".stock; /no par value,
.payable April.-15 to holders of vrecord April 1.
This comparesTvith $2
paid on Jan. 15, last, and $1 per share each quarter from Jan. 15
1940
to
and
incl.
Arrearages at
P.
45.
-on
Oct.
Jan,
15,
15,
1942.
1943
.
•
r
amounted
...•
to
.
-
$13.75
,
per
-
*
:
;
»
.
share—V
:
_
157
__it*
.
Volume
Brewing Co.—New Treasurer—
Pfeiffer
Merle
'
this
Bros.
157,
the
&
present requirements for legal
funded
Pittsburgh
February—
from
Gross
Net
from
Net
1943
:
♦
,
225,424
126,349
111,182
115,273
95,671
Net
from
ry.
94,246
1,255,509
$344,785.
441,526
income...
bids
&
299,613
245,335
216,329
and
216,952
■k;
Civ
time,
Tel. and cable oper.
rev.
$1,959,884
$2,152,079
$22,425,775
exp.
2,125,43.9
2,240,011
25,126,684
11.'
L_
'('■■■''
—
2
1.. ..1
1
24,411,302.
—
at least 30 days'
upon
11V27*
tel:
through
the
of
assign,
to
*$1,592,669
"$2,700,909
*"$87,932
*$165,555
5,500
5,500
66,000
54,760
oper.
85,672
1,047,344
Jan.
66,000
.
income
*$225,815
Nonoperating income
51,455
*$2,715,165
energy
6,016
•"$173,088
43.101
30,841
446,411
The
Grdss
income
from
Deduct,
".
inc.
gross
income
Net
*$4,209,209
'*$203,929
*"$264,989
! "
towns
*$3,037,900
the
"Loss.—V. 157, p. 644.
Gold
Itouyn
dividend of two
a
stock, par $1, payable-May 15 to
similar distribution was made on Oct. 24,
common
A
holders
.
five cents paid
April 15,
on
cents per share on the
of
l.
with
1940.—V, 156, p, 1244.
of
63,450
KW
Diesel
H.,
and
in
KW
by
directors
have
stock,
common
Like
amounts
none
since.—V.
H
I
'
154,
dividend
a
payable
disbursed
were
h
John
W.
on
""
,
.
J.
have
the
on
$21,789,104
be
,
.
.
•
°
•'
-
...'7;: ; :
.
Charles
155, p.
1047
on
the
of
its
to
John
to
(excluding
the
accrued
sale
of
the
interest)
bonds,
facilities
and
126
(c)
Prudential Insurance
averaging
granted
agents of
of
the
the
'
,
those
Delaware,
7\ The
March
on
CIO,
to
be
employed
payable
which
premiums
contract
the
are
industrial
and
the
in
during the first year on
ering the life -of
terminated
writing
policy to
In
the
policy in
a
first
past
the present
statutes in
or
on
for
"
a relative
not
permit
tween
the
York
New
and
to
now
the
in
a
maximum
union
the
of
rate
as
New
commissions
present
All
as
until
measure,
prov;des for the
the
it
agreement
effective
are
as
of
Period End. Feb. 28—
Operating
revenues
Operation
a...i4.-'—
amended,
are
to-
of Feb.
1,
local
State,
Lee
&
Co.,
and
ment
*
Pullman
2,576,50 1
3,062,570
419,995
437,496
396,012
(normal
695,120
726,592
mium
the
;K
Federal
1942,
Net
before
Federal
profits tax.
exe,
Charges
inc. &
lieu
in
(as
66,000
66,000
Normal
and
Excess
1,106,346
1,114,873
1,091,914
3,981
$2,262,217
$2,780,709
amortization
income
and
and
financing,
of
other
Normal
Net
operating
'2.059,183
and
and
related
Gross
1,314,511
of
Wet
&
a
144,000
411,-600
2,426,263
545,147'
411,600
To
Sell
Company
mission
Drl63,692
$063,146
$5,955,439
$6,343,178
505,779
539.984
3,141,161
3,351,417
$38,000,000 3V4%
March 24 filed
on
of Indiana
for
bonds to
$423,162
fund
$2,814,278
(1)
series
of
A
in
profits
excess
substance
retire
:?
the
If
petition
to
be
is
made
granted,
about
public
the
offering
middle
of
of
May,
their
«
and
provides
the
7-
outstanding.
bonds
new
is
in
7;''' V',:"
modify
7
Northern
'-'■'1.
'
the
New
debt
:
retirement.—V.
157,
..
concern¬
Public Service
Fidelity
will
until 72 -o'clock
for
the
sale
mortgage
$500,000
Bonds
to
bonds,
in the
purchased
p.
of
Eastern
4'v,
due Jan.
5'v.
1.
Broad
755
War Time,
5%.V'. antl
1990,
to
an
on
6"/
amount
St.,
at
the
'lowest
prices,
based
Newark,
April 15
first
100
N.
receive
and
sufficient
purchase fund at prices not-to exceed
tendered
be
noon.
it
trustee.
J.;:.
bids'
refunding
to
and
absorb
interest.
-yield to maturity, will
purchase fund.—V. 157,,
on
1090.
us
of
April
16
to
exhaust 'the
Public Service Co. of New Hampshire—Bonds Offered
—A banking group headed by
Halsey,, Stuart & Co. Inc..
offered March 29 .at 108 and accrued interest
$20,500,000
1:973.
first
mortgage
an
issue of
bonds, series A .3^%, due
Upon the redemption of the outstanding bonds,
all
l
$86,079
$75,105
$2,461,715
$1,533,015
*
revenue
accrued
^
...i.
2,061,514
926,567
...„—$400,202
—
$606,448
—
—
of
taxes
$269,739
and
U.
S.
Govt,
income
and
profits taxes of $1,610,814.—-V. 157, p. 1090.
lieu
to
as
any
certified
so
be
to
Inc.—Earnings—
1942
1943
$671,429
deductions- —410,914
operating
revenues
communication
Ordinary
$824,475
_—
.k.
516,417
$308,058'
$260,515
_„.l
income
income
income,
6,530
3.312
$267,045
—
$311,370
non-communication—
ordinary
Deductions
sinking
a
Z)r6,502
from
ordinary
5,557
$260,543
income^-.-...-...—
$316,927
income
8.684
10,584
$251,859
Net
ordinary ipcome.._—_...
Extraordinary income
before
or
and for a sinking
series A, except
made
the
cash
in
bonds
in
part
any-
year
of
on
$306,343
the
to
become
trustee
(except
as
Net
release
or
-V.
cancelled
and
?'
'
bonds
no
'
be
may
•
income...
net
transferred
to
$306,093
—161.000
earned
surplus.—
150,000
$90,859
.
$15o,093
1091.-
157, p.
Corp. of America—learnings—
Month of January—
for
1942
1943
•
•
Total
operating
revenues.-^.$35,796
Total
allocation
or
from
income
Radiomarine
any
basis
a
$251,859
may
or
ineligible
Dr250
—
income
Deductions
excess
company
—
....
Net
of
operating
deductions....-.-—
$53,852
49,460
94,028
*.$13,664
*$40,176
,
Net
Other
issued
operating revenues
communication
.......
.
income.—
1,817
•
.
Operating -income
«
Ordinary
England Co.,
rights
the
of
all
but
due
a
law trust,
common
Nepsco
common
the
of
class
one
holds
stock
stock
common
voting
the
shares
income,
*$11,847
:
non-communication...:
*$40,176
172,066
Gas
the
.
&
for
228,640
income. —$160,219
$188,464
Deductions
Nepsco
to
Net
company
of
Co.—By
and
Deductions
Net
New
Twin
'securities.
Division
of
Twin
the
transactions
agreed
by
Subject
upon.
jurisdiction
and
to
in
the
Under
sell
to
States
the
all of
of
Twin
New
agreement
State's
Hampshire
Twin
State
business,
and
Maine
has
the
July
to
31,
1943
approval
terms
and
such
or
of
later
regulatory
conditions
of
date
as
amounts
of
expected -that
be
$150,000
such
consummated
Purchasers
severally
opposite
of
agreed
their
semi-annually
acquisition
before
July
Bonds—The
to
187
$188,277
....
—'
from
income.
net
128.890
authorities
said
purchase
and
of
the
this
principal
the
respective names:
from
the
related
date
having
the
contract,
of issue.
securities
It
119,819
$31,329
$68,458
amounts
of
issues
below
the
bonds
•
;
1091.
Month of January—
Other
for
222,4.30
income..—_
$24,448,204
$17,603,853
—-™
and
revenues
Operating
13,292,000
10.998,856
963.562
752,062
debt......—,
98.019
93.600
5,297
5,192
and
expenses
Express
taxes
Interest
and
discount
011
funded
deductions
Other
: "Rail
,
revenue.:...$10,089,326
$5,754,143
"Payments to rail and other carriers—express privileges—V, 157, p.
1091.
; v;
transportation
,
.
Republic Steel Corp.—New Developments
will
have
set
1942'
-income.—.——245,654
—
revenues
Total
(& Subs.)—Earnings—
.1943
transportation.— $24,202,550 $17,381 373
The
story
of
the
making cartridge
underwriters named
p.
surplus...
Railway Express Agency, Inc.
-'
Charges
is
year.
principal
157,
earned
be
may
company;, now
contemplates
financing
such
purchase
through
the
issuance of $1,000,000
of additional first mortgage bonds, series A
3% 7/
due 1973, and $3,000,000 of unsecured notes
maturing serially
in
_—..."
$160,219
income——.
State
agreed,
among other
things,- to use the proceeds of the sale to redeem its
outstanding bonds and discharge its mortgage contemporaneously with
its
transfer
of
the
properties and
to
reduce
its
outstanding bank
loans.:
The agreement is subject to certain
conditions, including the
obtaining of necessary approvals and financing, and the consummation
of
ordinary
income' transferred to
"Loss.—-V,
Hampshire
agreement dated March 1, 1943, between
State Gas & Electric Co., the company has
an
and franchises
certain
from
income
of
"Purchase
Electric
ordinary
At
power.
preferred stocks of
Gross
mately 24.28'k of the total voting power.
properties
Coordinated Transport—Tenders—
Union Trust Co..
in
amount)
agreed to purchase and Twin Stale
1187.
p.
net
Operating
connec¬
failure to pay dividends in fulL
On the
all classes cutstanding and entitled to
vote,
the holdings of Northern New England Co. in
Nepsco represent .approxi¬
and
The
<2)
in
of
be
may
withdrawal of -cash
bonds,
32.497/
time
present
Contract
condition
a
209,261
possible
owns
134,-600 shares, being 100'/
of the company's
common
stock
(no
par).
The common
stock
of
the
has the sole voting power in the absence of dividend defaults
the preferred stock.
representing
ing a debt .retirement program imposed last year on the ground that
a sinking fund
which would be established in -connection with the new
such
requisite
of
ex¬
1943.
'
'
to
284,365
243,862'
—...
operating
Total
Net
outstanding
voting
meet
and
as
bonds
payment
trustee,
cancellation.
of
bonds would
the
such
have
Commission
329,941
payroll
Other
or
for
$212,069
trustee
amount
expenditures
any
of
reason
revenue
Gross
outstanding
amount
required
to
the
each
are
basis
the
Operations—
company
Securities
and
Exchange Commission has set a hearing for
15 on the application of the company for the issuance and sale
$38,000,000 bonds, series. E.
The company proposes to offer the
bonds for competitive
bidding pursuant to Rule U-50 of the Commis¬
.asks
$1,457,910
•
—
follows:
as
to
the
principal
certify
above
of
company
59,091
350,038
RCA Communications,
.
1944 to 1972, inclusive,
for
part of
the
of
and
April
The
cash
by
The
sion.
fund
any
certification
mi
the
1942
393,763
-—
——
Month of January—
Total operating revenues
Control—Nepsco
to
pected
in
fund
1973.
now
1943
>
,
•
income
545,000
facilities.
improvement
the Public Service Com¬
bonds
■
expenses
Taxes
387,300
property under the indenture.
Company may offer for sale to the
trustee, in competition with other bondholders,
bonds acquired and
held by it.
All bonds purchased or redeemed out of the sinking or
Gallagher, President, stated that the proceeds from the sale
these bonds, together with cash now in the
treasury, would be used
mortgage
inves-
1187.
p.
...—$2,375,637
expenses
""Includes
of
A.
first
157,
taxes—
from transactions in prior year's
or
in
pay
or
at
paid
the
$2,991,761
of
$38,000,000 of 4*7
all
one-half
exoess
authority to issue and sell $38,000,000 of 3 \\'r
mature
will
improvement
so
Bonds—
petition with
a
Barney
other
many
revenues
exoess
bonds, a net
amount
of
additional
property
paid for during
the calendar year
preceding such May 1.
Any cash so paid is to be used by the trustee
for the purchase or redemption of the bonds of series A.
Any bonds
$6,506,869
49.908
—$532,894
first mortgage
R.
$5,905,531
Dr23,056
.$1,038,673
income
Smith,
Expenses of Car and Auxiliary Operational
cars—
Operating
the Revenue Act
„
1 of each year from
May
$986 202
deducs.
to
country.—V.
Co.;
Freres
for
year
estimated provision
011
'...^1...
Improvement Fund—The indenture
or
Company
that
13,192
oth.
and
revenue
Net
744,445
income and
emergency
improvement
1,196,755
$1,025,481
income
Interest
•
income
Corp.;
Inc.;
Sachs &
Lazard
Co.;
2,716,924
General
pre-
taxes,
for
•
surtax.
profits lax
Sinking
2.246,097
)
income
&
Co.,
&
Goldman,
addition
throughout the
Blyth
are:
Co.;
profits
discount,
profits
deductions
i, *"Does not give effect to non-recurring .deductions arising
allocate
Other
&
Peabody
Securities
2,387,594
$2,879,873
deductions
tion with '.this financing,
107,317
516,863
to
Blodget, Inc.. Lehman Brothers
offering
Forgan
Kidder,
will
Sept. 1, 1943. to
bank, due 1942-1944.
2.444,745
$2,879,873
excess
debt
excess
other
profits taxes based
excess
amortization
31,000
v
dealers
of
Auxiliary
above....!
as
and
Federal
and
1,306,998
..
tax.—.
Inc.;
debt
funded
being sold to banks
follows:
are,as
income
or
taxes--"|
surtax.
profits
Glore,
&
be
other maintenaiice..—__.w—396,384
Conducting car operations
3,579,528
-
the present
income
2,484.680
107,317
Corp.;
re¬
to
$13,995,000
——————
above), interest
1,145,868
Fed.
of
profits
exc.
the
in
be
from
payable
notes
Webster and
and
C
to
bonds
1943.
2,
notes
C
and
company's
semi-annually
Inc.
Co.
June
the $6,500,000
$173,251
Co.
the
bonds
101% tv ;
on
Series
A,
A
Series
$6,971,607
revenues
Total
interest,
and
expense,
1942
2,675,649
229,300
financing,
amounts
pro¬
.A.———.U" $9,190,057
Total
*
income
net
and
year
or
250.811
Series
Scries
at
1017'
at
the
Sleeping Car Operations-
$1,203,128
&
taxes
of
$8,850,000
1943,
Month of January—
*
surtax t
bonds
6,
with
All
66,000
;
217.851
412,108
May
together
banks/sinking fund cash and
used for the redemption of a
Co.—Earnings—
Maintenance
647,716
plants
interest, amortization and Federal income and
.
miscel.
and
firms and
2,338,953
income
Before
437,629
v
'
be
share
Total
1943—12.Mos—1942
9,334,649
:
1.
of bonds;
&
bonds,
to
to
Higginson Corp.; Mellon
Union Securities Corp., in
$8,263,234
$24,032,794
taxes
income
Co.;
Dr5,9.33
-
Federal
Fed.
&
$7,643,741
non-operatinng income:......
•Excess
10.339,644
169,110
Ripley
Stuart
sold
are
$36,039,500
Stone &
Boston
Brl6,191
...
$26,117,966
461,703
100,000
Bonds
1943:
this
of
and
with
First
\82,777
1943.—
1.618.649
,
1948;
Harriman
Net
of
the
addition
$4,344,339
.
1,
Halsey,
Total
giving effect to
pre¬
1.873,881
deprcc—
of these
notes
redeemed
varying
Associated
$2,885,806
The
-
bill,
$4,801,178
—
Maintenance
for
March
;$2,796,901
the
pos¬
Indiana, Inc .—Earnings—
1943—2 Mos.—1942
&
100,000
100,000
follows:
be
to
this issue
in
1942
•_
uncollectible
Rice
Co....
June
on
completion
of
maturing
1941
_
'"Provisions for Federal
Co.
sale
about
or
bonds
$6,836,266
gas
F.
Co.—$52,000,000
Light
&
outstanding
as
up
101 fa %
on
D
consist
$2,135,428
Service
made
at
Upon
and
operating revenue:. .$2,258,236
"
Prov.
Series
future series.
or
Daniel
1, 1972.
3va'i
$58,884,500
D,
Calendar Tears
157, p. 478.
Public
Dec.
$6,500,000
redeemed
loans
per
100,000
—
6,900
Interest
the
of
terms
for
revenues-.
,
commissions.
the
due
of
014,044
taxes.
be¬
a
monthly
week in
per
Power
proceeds from the
of
4,700
Net
pre¬
is.legally
6faof
statutes
$1.50
Sound
134,000
$100
100,000
.
Co.
Cf30,349
for
state
of
payment
Puget
(34.627
(Entitled to
100,000
Co,,.
1187.
p.
434,486
for
225,000
225,000
225,000
Corp.
&
Folger, Nolan & Co., Inc.
Merrill, Turben & Co.—
Co.,
Co..
Cievel'd
The
_i_i_J
amount.
states-
on
State Legislature
to
157,
14,450
*Net
other
some
commissions
soon
York
&
—
Whipple &
First
Cr29,921
Total
>
temporary
agreement
for
Emerich
...I
Exnicios
'
basis.
The agreement
Includes
a
clause
whereby
4fa'kto 6'*
from
pending in
Inc.
total
Shares
:
100,000
Co.—
&
250,000.
deemed
corporate
£398,094 '•
Morris
Clark & Co.—
W.
Series
Financing
(
150,000
Co.—
P'arwell, Chapman & Co.
accounts
-
monthly
a
collections.
As
V.
is
the
raise
mium
.
and
increased
There
on
4fa'?>
proper
Elkins,
&
Ferris
Net
will
pay
bank
(Shares
.
(other than Federal income).
where the relative has permitted
than
more
collectible
are
company-
be
amount
sible.
of
payment
which
miums
to
of
House
275,000
Expenses allocated to construction..
commis¬
-
for
Present
._
-
Provision
Who has
'
entire
^Including all present
Earnings
operating
Taxes
net receive
did
of
150,000
,
—100,000
275,000
ceeds
redemp¬
$18,929,000 of
$1,000,000
par):
expressed
Depreciation, regular
Special prov. for d-eprec.,
-
do
Effect to
(no
Maintenance
,
pre¬
more,
300,000
series
the
200,000
in
~1-
Operation
agents.
It also permits
premiums for policies cov¬
agent
'
-
time,
of $1,000
home with
a
case
any
by
year
an
lapse.
Total
of
^
commissions
in
policies
monthly
who*shares
a ^person
policy.-
a
increase
Inc.—
Co.
(Revenues
District
•
Curtiss,
1940
insurance
>
for-an
collected
Giving
stock
involuntary liquidation.
■'
300,000
:
.
Co.—
Co
Blodget, Inc., Lehman Brothers and Halsey, Stuart
Inc., and including 137 investment firms and
dealers throughout the country, on April 2 offered at
1041/4% a new issue of $52,000,000 first mortgage 4V4%
at
$178,266)
in
payment
(no
unlimited
•
Inc.
and
cumulative
stock
be
in¬
continental UnitedWisconsin, Minnesota,
of
states
Virginia,
>
are
of
throughout
the
in
and
receive commissions for
agents to
on
Office
take
,
miums
*To
the
the
$1,102,943
.
•
Agreement-calk;
Common
agree¬
Dulles
&
Chic.
&
re¬
estimated
at
premium
(b >
for
estimated
$5--.dividend 8eries___-„__.—__
16
14,400
an
the United
the form
and
and
for in
-
company
Maryland,
■
wage
sions for
week
per
provided
are
company
America,
Prudential
except
Ohio,
Columbia,
At
of
employees covered by the
States,
his
bv
Board
Workers
commissions.
agents
;
the
to
Professional
The
$2.58
The increases
company.
submitted
ment
and
creased
approximately
unanimously by the National War Labor Board to
this
1943 of
•? $6 dividend series———.—
.
Increases
were
of America—Wage Increase
Go.
3,
and
outstanding,
treasury
an
Capitalization
Inc.:
Wurts,
Courts
and
,
_
-
estimated
expenses
principal
May
now
company's
purposes.
175,000
150,000
Cummins,
Co.——.——
;
incurred for the purchase and construction of additions
1019.
(Preferred
for
pay
about
or
company
the
of the company,
Hershman, and
E.
directors.—V.
elected
$19,686,160
reimburse
to
allowance
(after
(a)
at
bonds
-
.
<
„
used
tion
Ltd.—Directors—
Allen,
B.
been
per. share
to
.
.
Hubbard,
cents
holders of record April 15.March 1; June 2 and Sept. 2, 1941;-
Preston East Dome Mines,'
Walkter Eccleston
25
of
15
May
1383,
p.
r *
■
declared
$1,
par
Co.—
general funds of the company,
from
company
&
&
Offered—A banking group headed by Stone & Webster
hydro-electric generating capacity
of its subsidiary Swans Falls Co.) and
generating capacity, including 200 KW of
net proceeds
the
Stokes
Wheelock
450,000
—V.
-
Purpose—The
ceived
Walter
Chas. W. Scranton & Co.
350,000
The
'
The
————175,000
450,000
Co..—
Son,
175,000
&
450,000
Co....
•.
&
,175,000
Boyce—
Stokes
Co.,
Illinois
175,000
&
&
plant
capacity,
Co.
175,000
Co.
—
&
Co..
Inc.
installed
steam
Lowber
&
Ames,
the state, and includes most of the im¬
the State.
Company's plants have an
in
KW
installed
'
Pressed Metals of America, Inc.—Resumes Dividend—
of
areas
61,739
i(including -the '640
-
.
N.
Bros.
—
&
Bacon,
in Vermont and one community in
The electric ..service territory in New
estimated at 279,250, representing about
population
a
population
industrial
aggregate
record May
which compares
last,
has
the
of
portant
The directors have declared
Franklin,
Co.
Stein
Edw.
650,000
175,000
Co.—
&
Securities
Newbold's Son
750,000
650,000
Co.—
175,000
.
&
E.
province of Quebec, Canada.
56 7
Ltd.—2-Cent Dividend—
Mines,
and
H.
650,000
.
Co.
Rilcr
of generating electric
transmitting, distributing and selling it to about 75,800
throughout a territory which includes the cities of Man¬
Hampshire
Powell
;
•
The
and
Nashua,.} Keene, Laconia,
in New Hampshire, 6 towns
&
&
Ross
Nashville
Nicolaus
Gregory
an
chester,
Abbe
Mullancy,
W.
650,000
175,000
&
—
1,000,000
Inc..:
225,000
Co
Co.
Co...^
Becker & Co.,
A. G.
company's bus„n--s is predominantly that
customers
322,735
7
&
&
McCormick
Richards
sidiaries.
*"$221,888
__
New
*"$2,748,984
33,819
*"$3,814,253
& Co..
Co.—
&
Shepard
1,000,000
& Co.
Inc.
Field,
reduced successively by fa of 1 "e on Jan. 2
through 1969; and thereafter reduced by
Kebbon,
1,000,000
Milwaukee
Stifel,
Hawley,
Secur. Corp..
Parsons & Co.
Hailgarten
accrued interest to the redemption date,
operating public utility engaged in th*e electric,
and motor ..coach transportation businesses.
It is a subsidiary of
England Public Service Co., which has a number of other sub¬
*"$3,762,798
*'$179,104
3,927
Bonner
1,000,000
Co...,.:—.—
Stearns
Newton,
1970, by fa of 17. on Jan. 2, 1971; and by Ifr • on
^premium being payable on or after that date; in
no
Aliyn
The
with
case
Company—Is
,
gas
Operating
1972,
2,
every
1,090.315
C.
&
Graham,
1959
year
Brothers
1,250,000
Inc.——„•_
Pressprich
Equitable
V\ of l'/f on Jan. 2,
revenues,,
i_—_
Uncoil, oper. revenues..
Taxes
A.
premium
plus
225,000
Stern
1,250,000
Co....
&
W.
Bear,
amount
Co.,
Wcrtheim
Principal and interest (J&J).
Colony Trust Co., trustee, Boston;
at principal
$225,000
McDonald-Coolidge & Co,
Blair,
Langley & Co....
&
Otis
through Jan. 1, 1944;
thereafter
1958;
each
in
.
cable oper.
&
C.
R.
1, 1973.
notice,
Hirsch, Lilienthal .& Co.
1,250,000
...
....
Blair
with
'
Net
•.
thereafter reduced successively
by V2 of l'w on Jan. 2 in each of the years 1944 and 1945; thereafter
reduced successively by J/4 of 1 {k on Jan. 2 in each of the years 1946
$22,818,633
'
:
W.
bid 103.127.
Co.
due Jan.
Co.,
.$2,125,000
Co.
office
follows:
as
1942—12 Mos.—1941
Tel. and cable oper.
Barney &
1943;
&
Ladenburg, Thalmann &
denomination
in
-
1942—Month—1941
'■
the
at
1,
Stuart
Inc.
Dick & Merle-Smith....
the
principal office of Old
changeable
::
v
for
1275
Halsey,
counsel, will meet
investment of sav¬
or agency
of company in New York,1 ''Coupon bonds
of $1,000, registerable as to principal only, and inter¬
fully registered bonds in denominations of $1,000 or
multiples thereof. Redeemable ail or part at option of company at any
242,522
256,827
submitted
were
Co.-Smith,
payable at
Telegraph, Inc. (& Subs.)—Earnings-
Period End. Dec. 31—
.
Loeb
737,936
268,972
railway
157, p: 901.
Postal
Burr,
737,823
858,991
of
opinion
debt of the company.
Dated Jan.
railway.—
oper.
cluded
106,583
132,027
the
in
issue, with the Halsey, " Stuart
making the best price of 107.1579. Other bids for the issue in¬
one of 106.667 by First Bosttpn Corp. antl associates.
Coffin &
Inc., and associates bid 106.lis while a group headed by Kuhn,
group
1.940
$358,435 t :
$393,333
:
from
.
.
1941
1942
"V
Four
$628,491
railway......•
Net
—V.
,
railway....
oper. income...
January -1—
ry.
: From
Gross
West Virginia Ry.—Earnings—
&
-issue,
ings banks in New York, New Hampshire, Massachusetts
and Connecticut, and will, moreover, constitute the only
733.
p.
new
the
,
been .appointed Treasurer And Comptroller of
.effective April 1, 1943.
He was. formerly with Lybrand,
Montgomery, certified public accountants, of Detro.t.—
\Yockey Has
company,
Ross
V.
A.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4165
157
development
cases
lurg'cal
as
a
of
a
substitute
special
for
steel,
brass,
is
—
which
one
of
accomplishments of this corporat'on described in
stockholders, s!gned bv T. M. Girdler,. Chairman of the
R.
J.
Wysor,
President.
is
used
the
a
for
metal-
letter
board,
to
and
'
.
THE COMMERCIAL &
1276
The
,
letter
also
tributions
in
wJtncn
pointed
plates
tne
field
tne
made
Republic
that
out
of
notable
two
Santa Fe Northwestern Ry.—Abandonment—
con¬
First was the method by
in a continuous pro-*
light armor plate:
tank
line
the
aircraft
field,
letter
the
V.
ft
;
1
The
$8,000,000
due
1,
1943.—V.
16,
157,
p.
estate
last
Gross
5Vir/c
from
Net
from
Net
are
ry.
cents.—V.
ten
157,
Gross
Net
Net
Net
railway..—
from railway...
ry. oper. income—
From
ft,"
Gross
Net
1943
$2,778,481
1,678,243
290,144
■
from
from
railway
railway.
income—
from
157,
Month of
Operating
ry.
3,313,349
1,574,480
350,544
January—
*■"*
Operating expenses
Net
taxes
...
Net
operating
income..
--V.
157,
'
the
on
to
holders
A
of
last,
15,
of
and
declared
31
stock
and
the
April
$1
in
dividend
a
usual
cumulative preferred
record
distribution
Jan.
March
on
common
Rutland
of
50
cents
each
quarter during
the
on
1942.—V.
157,
board
Gross
Income
from
ry.
157,
account
of
payable
April
disbursed
on
have
15
21,
Dec.
last
from
April
51.176
'909
15,869
*21,928
*6,832
527,525
held
1
operations,
dividends
paid
the
77,800
*8,533
*48,474
*1,226
of
record
Jan.
15, last, and
last year.—V. 156,
cents
22.
share
per
equal
Gross
March
the
company's
-
»•
•
stock
Oct.
'
income
ft—;!
—ftft
;
ftft ft.;
—
1943ft
,
$5,477,247
2,186,643
;
39,602
241,955
'
'
93.228
577,293-
.ft 81,339
"ft- 2,600
taxes)
taxes
ft
6 Mos.
1943
$915,054
"V 365,335
■
468,622,
",13,915
"120,700
17,650,.
■
operating
revenues—ft—ft;—$319,299
non-operating
income
ft-ftft'ftl—
(net)
$1',868;120"
5,633
'
•ft.
—.,/.; •
rOrl,315
vA
•
2,972
and
Gross income
'
1
"
-
Income
ftftft—ftftftft
deductions
Net
ft
_
—ft
income
Accrued
dividends
ft-V. 157,
St. Louis—Smaller Div.
a
17,
$313,985
^
92,284
550,763
$221,700
$1,325,963
~
—
$1,876,725 :
ftiftftftftft.—"ft
6 Vx+A-: cum.--.pref.^stock;.-A
on
shs. of
1093.
p.
32,229
*•
stockft
com;
$1,131,883)
-v'
•
194,079
•;
$189,471'
'.'."'I
>
^
that
meeting
the
at
-
February— ft:;
from railway..
also
Gross
from
Net
.
ry.
—V.
March
30
all
officers
after taxes
the
over, similar
taxes for
to
348,800
2,415,145
1,540,910
1,273,879
/ 978,956
ftl, 175,004ft:
571,552
525,519
355,413
" "232,093
123,031
1,707,229
•
oper.' income—_
157, p. 998.
157,
The
dividend
payable
of
50
cents
Net
-'
157,
.
which
was
April
recently announced,
15 to holders of rec¬
See V. 157, p. 098.
56,426
651,850
786,283
47,961
549,310
Ry.—Earnings—
1942/;/;
/
1941
'•
1940
$155,170
$129,951
$119,787
119,167
17,969
10,627
1,479
64.555
*18,505
1
,.
*24,400
*29,985'
ftft
'
612,524 ft
railway
Net from railway..
-
316,137
266,236
252,354
32,375
16,136
8,045
690.071
$2,541,591
$2,571,181
Net
ry,
268,134
income...
oper.
'Deficit.—V.
«
Electric
157,
a
Standard
director to succeed the late Roy D.
559.
Gas
■,
*40,785
the
*51,867
•
'
'
,
Electric
&
of
&
*60.449
'
,
-
Co.—Weekly Output—
public
Electric
.
Co.
1189.
P.
South Carolina Power
output
147,304
p. 902.
utility - operating companies in the.
system for the week ended March 27.
1943, totaled 173,342,000 kwh., as compared with 153,859,000 kwh. for
the
corresponding week last year, • an increase of
12.7%,—V.
157,
Steel Co.—New Director-
15
1
; •
,
$288,867
from
Standard Gas
p.
<
<
.
•
stock on
1943
raiway—
railway.——_
ry. oper. income—. ; .;
From January 1—
,
$208,571
S. F. Chittick has been elected
Baldwin.—V.
•
-
(not March 21, as previously stated).
from
from
Gross
1943—12 Mos.—1942
51,839
Simonds Saw &
share,
per
the no par common
on
February—
Gross
1092.
p.
•
-
Staten Island Rapid Transit
retire,
after
accruals
•'_
'
76,912
,
.
State Street Investment Corp.—Correction—
Co.—Earnings—
43,465
inc.
123,395
,
of
$190,566
income
■/
189.142
...
The Committee on Security
Rulings on the New York Curb Exchange
ruled that the bonds be quoted "ex-Interest" March 25.—V.
155, p. 1127.
representing an
154, p. 1058.
1943—Month—1942
1940
$632,201
„
3,427,201
Net
Power
>
•
265,683
Fixed interest amounting to $25 per $1,000 bond is
payable beginning
to registered holders of the corporation's 5%
secured
series of 1950, of record at close of business March 15;
$1,029,827,
1941.—V,
1941
$767,846
545,148
1, 1943,
income bonds,
were
1942
year
■
560,996
railway.——
ord March 31
for
'
April
;
earnings
ft ./
1942
$1,243,042
;
805,485
.
Starrett Corp.—Bond Interest—
included Harry J. Leddy and
on
,
from/railway
Net
ft-
$1,616,510
;
—
railway..——
ry. oper. income
From January 1—
the
Harry J.
held
from
1.943
.
Gross
Net
of
•'
.
Spokane Portland & Seattle ^ Ry*—Earnings—
,
These
year,
reports net
revenues
reserve
were
15,
Month *
"ft
;
retirements.——
than
Interest'
Other
to $3.96 per share on the 82,373 shares outstanding.
with earnings in the previous year of $417,242.
Total
Pacific
Operating
$100,
15, July
for
income
Net
$7,667,697 was con-'
employees deposited,
$3,988,154, and the
on
par
amounts
Like
April
15,
1156.
p.
75
preferred stock,
March
Jan.
on
of
cumul.
expense "
.,
43,581
45,371
6%
■
'
Federal Income arid excess
profits taxesftftftl
of
sum
on
■
announces
meeting
p. 614.
156,
company
Sierra
532,527
dividend
a
the
on
holders
to
year's
*
President,
directors
compares
Net
declared
""
Subs.) —Earnings
———ftftftftftft... ;
—.ftftftft—Zftlftftft-ftft
revenues
(other
State
Pension
that
for another
increase of 52 ft
1092.
accumulations
and
of
Sharing
Profit
and
during
1942, according to an
William Wallace, Executive
Rovensky, recently elected directors to fill existing vacanciesWilliam M. Hager and William J. Harris, both deceased.
the
—V.
directors
Service ♦(&
by
29
Federal, State and local taxes amounted
1940
$251,251
;
Public
'
Taxes
a
meeting
E.
The
1941
7,969
The best bid of
rate
Period End, Feb. 28—
Operating
Operating
/ft Shuron Optical Co., Inc.—Earnings—
on
36,164
ft 2.9,030
.
-
In response thereto five bids, repre¬
99.2259 and accrued
annum.
received.
dividend
a
ft,
was declared for the quarter year ending
dividend of 1% % on the 5% cumulative preferred
payable March 31, to holders of record March 23.
of the stockholders held on March 30, all directors
1943,
$100,
by
At
$253,855
630,542
r
'"ft:.'ft*
meeting there
31,
re-elected.—V.
1942
655,823
p.
Savings
$15,174,928
March
sources.
on
directors
15
St. Lawrence Paper Mills Co., Ltd.—75-Cent Dividend
The
994,767
Period End. Feb. 28—
income—
oper.
2,056,272
1,541,018
by
stated
re-elected
John
$318,568
4,384
railway
railway.—
♦Deficit.—V.
8,822,223
2,685,667
2,242,742
on
$3,519,077
other
par
a
This
1943
from
Net
10,212,209
3,527,444
company's
result
a
the "same
March
January 1—
Net
the
Rogers,
of
stock,
RR.—Earnings—
oper.
13,480,874
7,072,340
on
Southwestern
456,457
Leddy (Vice President of
this corporation! and John E. Rovensky, (Vice President of the
Na-ft
tional City Bank of New York)
were
newly elected directors to fill
existing vacancies left by William M. Hager and William J. Harris,
both deceased.
1188.
p.
1
houses,
965,976
ft
Shippers' Car Line Corp.—New Directors, Etc.—
per
stock
common
;
and
certain
ft A-
states:
investment
Maintenance
made,
company
Robert
quarterly dividend of $1.75
made
was
railway-.—
$328,245
railway..22,970
from
ry.
From
22,943,785
$4,247,041
is
share
from
Net
874,595
6.
per
February—
Net
of
As
$326,492.
Gross
1,422,518
based
'■
63,962
stock, both payable April
of
'
left
the 7 '/c
on
$5,045,965
1,944,555
1,306,929
dividend, of 25 cents per share on.
the common stock, no par value, to holders of record March 27.
This
compares
with 50 cents each paid on April 1, July 1, Oct.
1 and
Dec. 28, last year.—V. 157, p. 821.
At
directors
The
ft
v
99.2259
at
share
were
per share
$6,787,574
Securities Investment Co. of
Royal Typewriter Co., Inc.—Smaller Common Dividend
share
sold
procurement
of l%ft, was made by a group
composed of Harris, Hall & Co., Inc., and 11 associates, and has been
accepted.
On this basis, the average annual cost of the proceeds to the
applicant will be approximately 2.03ft.—V. 157, p. 1189.
1940
10,403,365
Increased
Wallace
The
734.
p.
.ft
invited. 141
Bal. applic. to
644,720%
$89,763
88,384
the
,
basis,
84,338
$115,162
—
income
with
the Commission
of
and
trustee,
as
connection
multiples of Va of l ft per
48,322, 01* 95ft, of the eligible employees
in the company's contribution on a pro rata dollar deposit
according to length of service.
Included among these are 9,381
employee members who are now serving in the United States armed
forces.—V. 157, p. 998.
.*.
will
At
Net
report
//
assume
banks arid insurance
companies to bid for the purchase of the certificates, the bidders
being required to name the rate of dividends to be borne thereby in
1188.
received
Mr.
$174,101
91,287
,
1941
5,225,719
income.._
miscellaneous
337,240
$206,449
operating revenues
Operating
York,
New
in
to
company
not
'
applicant
dividends,
1942
to
the
fund
by
the
company;
through voluntary payroll deductions, the
879
336,869
trust
City of
ftft/ftft/ft.ftA/ ft-
obligation
exceeding. $2,820,000 series KK, V/a-ft "
certificates, to be issued by First National
of
senting 33 parties, were
tributed
1942
$572,220
1943
the
dividends
The
:
Net
....
revenues—
of
accrued
authorized.the
19
respect
equipment
Bank
A
.
;
$543,976
—___658
revenues
March
on
The
board.
the
of
3,547,796
railway——
were
Director.
1,763,551
541,457
226,643
2,109,348
764,275
625,322
ICC
liability, in
serial
a
Mex.—■
1188.
p.
$11,464,791
railway—
oper.
assets
Fund
' '.ft
"Uncollectible oper.
N.
Ry.—Earnings-
income...
announcement
Rochester Telephone Corp.—Earnings—
-
Bernalillo,
County,
and
Provision
Dividend
629,181
997.
p.
Equipment Trust Certificates—
The
entire
Sears, Roebuck & Co.—Pension Assets Grow-r
5,888,887
3,629,326
1
oper.
:
—V.
308,893
ftft 'A.'ft
its
before April
1941"
1940
$1,030,604 ft $876,603
371,307
279,990
169,235
114,660
1942
$1,645,817
ft 783,704
January 1—
Net ry.
Line
railway
—V. 157, p.
Richmond Fredericksburg & Potomac RR.—Earnings—-J
'February—
of
January 1—
from
fund
Gross
157,
railway
from
Net
171.,
p.
West
to
Sandoval
1943
oper.
From
April 1 paid a dividend of five cents per share on
par $2.50,
to holders of record March 22.
Pay¬
were as follows: July 1 and Oct. 1, five cents each;
year
31,
operations.—V.
February—
Rhode Island Insurance Co.—Pays Five-Cent
Dec.
in
.//ft'
abandonment,
.
real
The company on
the common stock,
and
Bernalillo
miles,
company
(D. A.) Schulte, Inc.—Chairman Elected—
The
ments
from
1.2
permitting
the
•;ft...ft>;ft;;,ft.:ftft.ft/ft/■/>,; ftftftftft-ftft-ftft
Seaboard Air
if presented for conversion on or
997.
'
r
.
*
cipal amount of bonds
by
special¬
ist in chain-store management, he was connected for many
years with
United Cigar Stores Company as attorney, director and in
charge of
■
purchase money first mortgage convertible
1954, recently called for redemption as of
of
Nov.
102% and interest,
1, 1943, at
extending
approximately
p,. 964.
certificate
a
commerce,
George J. Wise has been elected Chairman
May
redeemable at the Central National
Bank
of
Cleveland, corporate trustee,
308 Euclid Ave., Cleveland,
Ohio, or at the Chase National Bank of the City of New York,
11 Broad St;, New York, N. X—See V, 157, p. 734.
The bonds designated for redemption are convertible into common
stock at the rate of one share of common stock for each $38.04 prin¬
bonds,
foreign
^
.
Redemption of Bonds—
t
of
issued
12
and
Monday, April 5, 1943
equipment.,
v
minum.-
March
on
railroad
154,
scarcity
the
that
stated
of
distance
body.
of alloys
made the production of aircraft steel a complex and difficult problem,
but
that this was solved by substituting more plentiful
alloys for
those which had become progressively rarer as the war progressed.
:
Also described was a new type of aircraft panel for fuselage con¬
struction made of paper thin steel reinforced by welded mesh and
steel ribs.
Though steel is three times heavier than aluminum, this
new
assembly has the same total weight as an equal area of alu¬
In
ICC
interstate
to
as
duction line and, secondly, an improved method of shaping and cut¬
ting armor plate into pieces which can be welded together to make a
finished
The
.
heat treated and processed
are
FINANCIAL CHRONICLE
ftft
;
ft/., ////"ft
,
Co.—Earnings—
Steep Rock Iron Minesv Ltd^ Toronto, Ont;—Securities
& Co., Cleveland, on March 15 offered4
$2,250,000 5%%. sinking fund debentures and voting
-
;
-12 Mos.- End, Feb, 28—
St. Louis Brownsville & Mexico Ry.—Earnings—
February— ♦ t
1943
1942 V1941
Gross from railway
$1,534,547
$1,085,252
v $715,601
Net from railway..—__
993,538 ft
538,948
v
312,328
Net ry. oper. income—"T 411,143
379,705
216,041
—
Gross
1940
-
revenue"
Operating
Provision
$776,872
for
General
taxes.
249,254
Federal
income
3,004,914
2,082,245
1,464,137
from
railway.——
1,838,631
982,317
633,746
668,743
Net
ry.
income—
772,241
694,376
443,324
478,880
Offered—Otis
$4,879,158
ft 2,872,591
2.406,598
37,704
-•
491,753
105.236
43,446
676.012
taxes
432.386
;
'
trust certificates
representing 450,000 shares of its com/
stock, in units, comprising $1,000 of debentures and*
voting trust cerificates representing 200 shares of cap¬
ital stock at $1,000 (U. S. dollars)
per unit, plus accrued
558.181
180.529
847,110
mon
206,206
173,454
1,548,705
Net
$6,265,636
218,564
167,323
—
1943—12 Mos. —1942
$462,441
255,495 ft
deprec.___
348,532)
From January 1—
Gross from railway—
1943—Month—1942
$575,310
—
expenses
—V.
oper.
157, p. 998.
Fed.
:
excess
Gross income
Int.
&
St. Louis San
Francisco & Texas
February—
' 1943
1941
1940
$330,043
$178,777
$121,473
$103,461
170.890
57,702
22,680
83,514
ys- Gross from railway
Net from railway——.;,
ry.
22,684
*10,737
Gross
Net
Net
income—,
oper.
January 1—
railway
railway
"
ftner. Income.—
157,
-
-
from
*DeficitSs^V.
■'
•
-;v
--V.
243,943
210,743
102,907
43,073
840
164,303
33,284
157.
$1,197,640
$1,102,332
54,393
658,642
643,454
$46,545
$538,999
End.JPeb. 23—
14,286
interest
*22,224
*66,535
$458,878
of Ontario
171.438
to
$41,560
$32,258
$367,561
$287,440
revenue
Gas &
Fed.
taxes
excess
178,520
2,153,490
1,962,430
63,741
62,262
750,099
223,254
118,846
570.825
prof,
1,044.657
It
437,749
297,151
taxes—
taxes.
$8,376,623
$5,311,488
Ivlaint. of way and struct,
Maint. of equipment—.
854,707
605,368
1,412,970
1,032,005
2,915,481
647,445
exps...
2,602,140
1,997,362
5,337,840
4,154,809
—
457,335
368,392
922,049
751,494
expenses
1,733,482
Gross
1,266,764*
Int.
Net
Net
inc.—
oper.
ry.
income
$1,996,205
$1,148,633
18,005
14,404
...
$3,661,463
on
Amort,
$2,196,749
35,084
income
other
ft Total income
$2,014,210
$1,163,038
4,313
—
5,457
income..
from
$827,293
$788,124
34,358
412,296
expense
412.296
will,
$3,696,547
$2,227,417
8,657
.ft
ft
'ft
ft-
to
$50,747
10,023
•
ft
,
$16,485
$414,997
—V.
157,
Ontario.
is qualified
and
■
approximately
7,000
acres
the
Vermilion
of
west
miles
north
Rys.
Wisconsin,
Like
the
Port
of
the
International
and
Mesaba
Arthur,
Ont„
Atikokan,
the- American
property
deposits
have
will
ranges
Lake
division
a
boundary.
iron
on
in
ready
in
Superior.
point
the
on
Minnesota,
to
access
the
water
National Railways has advised the company that it
behalf of the Canadian Government and acting-as the Govern¬
agent, proceed with the construction of a spur from Atikokan.
Rock
dock
at
Lake
Port
tion,
and
will
tario
Port
$246,473
has
Arthur.
Arthur
agreed
to
in
due
upon
course,
receiving
the company's
The
with the construction of an
appropriate assurance that
the
mine
to
the
ore"
Power Commission of On-'
electric power line from
necessary
and
properties
'ftftftft
/.-ftft
the
from
ore
Hydro-Electric
construct
the
to
construction",
and,
Arthur,
work at the mine will proceed to the stage of produc¬
transport
d,ock at Port
1092.
p.
of
comprising
Canadian
on
Steep
ore
10,582
,
of
miles
National
the development
129,355.
:
142
and
Lakes
ment's
stock
ftftftft..
Province
property
owns
transportation system and all of the tributary steel
markets, both American and Canadian.
383,737
$60,867
the
property
north
and
Canadian
$1,171,861
244,603
miles
only about 3V2
Great
30,668
.ft
Balance
Deducts,
$1,071,896
31,215
34,358
stock
pfd.
$92,081
17,652
$85,105
pfd.
of
is
The
$102,757
deductions
income
Divs.
k
Other
&
75
Michigan
2,136,624
Transportation
Other
$16,587,312 $10,979,709
owns
Company
property is about 40 miles north of
to
Minnesota
589,298
376.713
——
50
$5,105,935
215,269
expenses
$5,967,681
1939.
in
only
company
The
1943—12 Mos.—1942
$451,709
1943—2 Mos.—1942
Tota^-epw^fev..
business
1, 1942.
incorporated under the laws of the Province
was
24,
the Steep Rock Lake area, near
Atikokan, Ontario, Can., containing
large bodies of high-grade iron ore.
The known ore bodies lie under
Steep Rock Lake, the entire bed of which is owned by the company
except for nine minor parcels in which no ore is known to exist.
Co.—Earnings-
$605,022
__
income
Electric
1943—Month—1942
Deprec. & amortizationFederal
do
Feb.
on
in
1092.
p.
Operating
Ry.—Earnings of System—
1943—Month—1942
171,433
14,286
the debentures from Dec.
on
Company—Company
The
Period End. Feb. 28—
Gross
998.
p,
stock——
pfd.
Southern Indiana
348,653
343,447
St. Louis-San Francisco
Period
$100,938
53,199
2,621
*30,503
■
-
on
General
•
$109,046
deductions
Balance
663,465
from
ry.
ft
$55,847
other
income
Divs.
Ry.—Earnings-
1942
ft
From
taxes.
•
Net
Net
prof,
to
provide
the
'
funds
such;
for
'ft/'
...
•
••'ft Bal.
for
avail,
Southern
fixed
Pacific
Estimated
Co.—Earnings—
♦After
period
deductions
Jan.
902.'
p.
t
•-
*$2,009,898
—
1
ft ft
of
Feb.
to
S679.005
28,
;.
■
1943,
$1,157,581
in
February,
for
estimated
*$3,687,890
1943,
•-
./A 'ftft
.
.
;
ft
...
and
income
v
•
$2,216,834
$1,165,641
In
taxes.—V.
157,
■/'•,}■■ ft
•.
-
.
February—
Gross from railway
Net
from
Net
ry.
ft
ft;ft
Uvalde
v February—
Gross from railway....
Net
from
Net
ry.
&
RR.—Earnings—
1942
$122,510
railway—
oper.
Gulf
1943
$173,222
1941
Net
41,770
1.886
6,077
*40,155
*23,198
*17,792
Gross
from
from
335,565
261,670
191,673
212,121
64,608
19,313
1,778
16,789
'31,025
*62,607
*58,757
*48,445
income
Net
ry.
railway—.
railway
oper.
income
'Deficit.—V.
157,
p.
There
<
of
have
104
and
National
30,081,085
25,140.407
46,979,417
16.1.12,155
9,008,986
"proven"
9,114,404
5,145,481
into
5.182,725
11,135,633
1,494,006
24,841,866;
Net
998.
Savings
Calif.—V,
Association,
155,
p.
1317.
trustee,
300
Ry.- -Earnings—
Premium
with
Gross
oper.
from
Net
ry.
gross
and
ton
gross
3,466,550
2,222,193
ton
1,868,491
2,324,238
1,334,759
interest,
25,562,228
19,892,547
16,826,288
17,738.706
8.398,572
6,937,092
4,635.771
exploratory
5,680,877
4,514,094
4,421,180
2,694,570
amount
.
income ft
engineers
Period—"
Wk. End. March 21
>"
—V.
earning
157, p.
„
1189.
•
1943
$6,385,946
1942
$4,741,750
-
There
More
Jan. 1 to March 21
i
1943'
of
1942 ~
$69,635,968 $46,846,141
and'
Ltd.,
by
exclusive
the
to
would
has entered, into an agreement
terms of which Premium is
the
sales
of
increased
be
agent
drilling,
for
all
iron
-
•
the
The
the
total
cost
$3.52
at
shaft
Lake
Erie
gross
ton,
operations
sinking
for
already
been
about
6
cents
per gross;,
exclusive off
ports,
and
Canadian
800
feet,
be;
dollars.
at" the " property
and
except
a
small
|
$900,000 has
property.
ft
that
would
taxes,
cross-cutting.
States
pro¬
upon a price of $5.61 per:
selling expense of 5V2 cents
depletion
per
mining-
no-
company-has been
United
ores
Based
approximately
depreciation,
approximately
than
ton¬
Company agrees to pay Premium an amount*
of all ores sold by Premium and the com-:
estimated
been
These
ore.
•/
value
amortization,
have
"probable"
plan for putting the properties
\
Ltd.—Company
Ores,
and
the
tons as
ft-ft-
ton, Canadian dollars, the estimated
per
increased
railway
oper/
sole
of
2%
37,906,321
railway..
Ores,
Iron
the
2,844,347
...
mining
"
Gross
'.
1940
$8,123,992
January 1—
from
Net
Montgomery
income
Crago,
the company's
>•
the company.
by
to
-ft
pany during the life of the agreement;
1941
$9,754,759
...
ry.
14,377,709 gross
-
•
Iron
Premium
equal
ft-'"
and
ore
form the basis of
operation.
appointed
1943
1942
February—
from railway$18,629,309 $12,498,028
Net from railway—.. .ft.
8.876,250
3,960,832
been
and
railway
liftincome
oper.
Gross
first
Trust
66,957,170
duced
Water Works—Bonds Called—
&t,, ;San Francisco,
$33,950,215 $23,159,047 $14,673,604 $11,920,559
13,510,320
8,274,074
4,396,677
2,389,683
5,559,567
4,280,054
2,457,938
534,872
nages
railway
Southern
called for redemption as of June 1, 1943. a
total
mortgage 3%% bonds, series A, due Dec. 1, 1961,.
interest.
Payment will be made at the Bank of America
$24,000-of
1940
157, p. 1189.
From
San Jose
income...
1941
14,833
*6,523
from
ry.
—V.
$108,355
From January 1—
Net
from
Net
1940
$96,693
railway..—
oper.
ft'
1942
From January 1—
Gross
Antonio
San
1943
&
geologists, have estimated that there are 25,060,473 gross tons (2.240
lbs.)
of
high-grade iron ore in the two portions of the property,
designated Zones A and B, already tested by extensive drilling.
Of
the above reserves the
engineers designate 10,682,764 gross tons as
4
;'Charges
Reserves—Roberts
Ore
it
/ .'
advised
will-be
-
by
expended
'•
••
in
the
development.1
7
'
-
the Governments of Canada*
permitted
to-obtain
ft
and
the-necessary*
.1
?
Volume
c
Number 4165
157
machinery, equipment and
erties.
-
materials for the
i;.
,•
THE COMMERCIAL & FINANCIAL CHRONICLE
'
■
development of
.i!.y!'
resolutions
dated
its prop-
V''
V•!■'■'■
•
Feb. 18, 1943,
adopted by its Executive Committee, Reconstruction Finance Corp.
has authorized a loan to
the company in an amount not to exceed
$5,000,000, subject to certain terms and conditions for use in the
development of its properties.
Such loan is to be evidenced by bonds
of the company to be secured by a first mortgage on the company's
•
RFC
\
Loan—By
Feb.
1943,
3,
the sale
the scurities
of
offred
now
shall
have
Corp.—Official
George D. Keller has resigned
interests
Resigns—
Vice-President.—-V.
as
been
expended or held
obligations then incurred in connection with the development of
property.
Interest at the rate of 4% per annum will be payable
The annual
and on the
respectively.
Interest upon the debentures -during the • development period will be
erties,
1943—Month—1942
Operating
revenues
—
Operating
expenses
___
Federal
taxes
taxes
other
Depreciation
$104,127
$1,258,852
61,885
735,653
2,315
16,213
64,269
89,633
13,475
10,855
133,592
129,227
4,570
3,543
45,318
42,760
$38,886
$11,631
$280,020
$167,280
90
JDr440
Dr508
$38,976
$11,191
9,794
8,145
_____
$1,135,976
707,076
for
only on the portion of such loan at the time outstanding.
interest
requirements on the entire loan, when made,
$2,250,000 of debentures will be $200,000 and $123,750,
-
Gross
Int.,
payable out of the proceeds from the sale thereof, and when all of such
proceeds have been expended or are held for obligations incurred in
connection
the
the
with
bonds
and
development
debentures
Finance
Reconstruction
will
y.The
resolutions
be
made
subsequent, to
shall
that
funds
shall
payable
loan
Corp.
ore.
;iron
property, interest upon the
out of the proceeds of the
until the
provide
that
Feb.
disbursed
be
the
of
be
3,
company
begins
disbursement
no
The
1944.
RFC
of
Act
to
loan
on
—
etc.,
deductions.—;,:.
income
Net
tures
and
capital
commissions
(U. S.
and $5,500,000
The
the
will
loan
bringing
its
sale of
the
under
the
of
discounts
underwriting
loan
v
is
available
fund
a
the
to
and from
company
stock,
and
\ $83,385
35,000
with the development of the property
in connection
before any amounts
Interest on the debentures during
be paid out of such proceeds and will constitute
this
will
period
also
payments of interest out of capital.
A
be
of the net proceeds from the sale of the securities may
purchase of materials, supplies and equipment for the
portion
used
Thereafter moneys will be secured
expended as required.
and
the RFC
from
the
in
development and operation of the property.
of
Capitalization
Completion
Upon
Company,
S •»,
First mtge. sinking
S*2.
Dec.
debentures,
stock
par)——J-
(no
*
•
loan
a
the
to
in
company
an
amount
not
15,
paid.—V.
expended or held
property,
in
time
from
installments
time
to
as
needed
for
the
development
properties, with interes accruing at the rate of 4%-per
iron ore
of
its
tAU of
■
capital stock
the
five
to be outstanding. (except
mately
of the shares which will be outstanding after the
this financing.
Company is advised that Cyrus S.
R. Daley of Otis & Co., the underwriter, and members
familities own the controlling stock interest in Otis & Co.,
their
of
that
Mr.
is President
Daley
his
members
of
Premium
Iron
family own
Ores,
and
Director
a
of
Otis & Co.,
Ltd.
*
18.6',w
.
and that
Daley and
of the outstanding voting stock of
of his family own i74.4%
members
and
and
-
stock will be
sold by the company to the underwriter at $900 (U. S. dollars) for
each $1,000 of debentures and 250 shares of the company's capital
stock, plus accrued interest on the debentures from Dec. 1„ 1942, to
the date of delivery.
The capital stock will be immediately deposited
under the voting trust agreement, A part of voting trust certificates for
remaining 112,500 shares of capial stock which will be acquired by
the underwriter may be offered to certain dealers.All or any part
of the voting trust certificates representing such
112,500 shares of
capital stock may be sold by the owners thereof at the then prevailing
over-the-counter market price. On Feb. 8, 1943, voting trust certificates
Terms
were
debentures
Offering—The
of
quoted
and
the
the over-the-counter market in New York $1.42 bid,
on
Asset
Value of
of
$5,000,000.
as
•
-.
•
-
Options—Under date of Dec. 4, 1941, the company entered into an
agreement with Charles McCrea under which the company agreed to
pay to Mr. McCrea the sum of $5,000 for services rendered by him
to
the company in 1940 and Mr. McCrea agreed to accept in lieu of
such payment 5,000 shares of the company to be issued at $1 per
share.
Company also agreed to pay to Mr. McCrea the sum of $5,000
for services rendered by him to the company in 1941 and Mr. McCrea
agreed to accept in lieu of such payment 5,000 shares of the, company
to be issued
at $1 per share.
The agreement also grants to Mr.
McCrea the right at any time and from time to time until March
7, 1944, to purchase the whole or any part of an aggregate of 25,000
shares of the company at the price of $1
per share.
Mr. McCrea
agreed that so long as the voting trust agreement dated April 26,
1939, or any
extension thereof, is effective he would immediately
upon the issuance of any shares to him under the terrlis of the agree¬
ment deposit such shares with the voting trustees and accept voting
trust certificates in lieu thereof.
<
,
On
ment
5,000 shares were issued to Mr. McCrea in pay¬
services rendered in 1940.
The shares to be issued i»
April 28,
for
payment
the
for
1942,
the
and Mr. McCrea
rendered in 1941 have not yet been issued
has not yet exercised any part of the above-mentioned
services
option.
.
of
Trust
Joseph Errington,
An
trustee.
Russell D.
aggregate
of
succeeded him as a voting
shares of the company's capital
4,801,500
being
period of not to exceed five years if such renewal is con¬
sented to by the holders of a majority in interest of the voting trust
certificates; and that additional shares of capital stock of the com¬
a
further
pany may
The
directors
In
that
of
50
cents
per
on
declared
the
an
common
initial
quarterly
dividend
of
E.
Hurd,
and
acting
ib)
modified
119-123
the
of
or
as
first
a
mortgage
by Textile Properties,
Inc.
Real
plan
Property Law of the State of New
York,
first hearing on sucn
referee
plans of reorganization will be held before
April 7, 1943, at 3:00 p.m. at 42 West 44th St., New
156, p. 1614.
on
Operating revenues
Operating expenses
Federal.'taxes
Other
1943—12 Mos.—1942
1943—Month—1942
share
per
preferred
$1,123,824
_1_
439,123
474,800
126,498
104,632
67,073
65,441
784,270
Prop, retire,
100,000
100,000
1,200,000
552
607
$390,578
$278,833
reserve
$1,024,313 $12,650,262
$12,131,128
5.272,565
.'5,130,049
1,161,987
1,222,192
'
691,379
ap¬
_________
.1,200,000
v
limited-term
of
________
:V
6.982
6.751
$4,224,458
$3,880,757
•
on
Net
Other
Int.,
income
(net)
income
income
Dividends
679
21.427
19,052
$279,512
$4,245,885
$3,899,809
1,164
___
$391,742
^
___
-
185,441
188,621
2.262,392
2,268,836
$206,301
$90,891
$1,983,493
$1,630,973
deductions
etc.,
Net
for redemption of all
outstanding, and an
175,000 shares, will be
revenues___
oper.
_________
applic. to pfd. stocks for the -period.
865,050
865,050
stock
of
stock
common
_~I
taxes
special meeting to be held April 14.
place of the company's regular annual
the last Wednesday in March but was
a
Balance
-V.
$1,118,443
$765,923
r
735.
157, p.
Third Avenue Transit
being •given to post-war plans and the setting
post-war adjustments.
Outstanding preferred stock, as of Feb. 28 last, consisted of 82,710
shares, $40 par value, which are convertible into common stock at a
was
conversion
present
for
reserves
and
ratio
which
company's
shares of which there
Of
the
223,359
of
shares
2.1
callable
are
at
of
$46
authorized
present
for
common
but
share
of
stock
consist
on
of
173,691
shares
revenue—
$1,458,096
oper.
expenses___
1,043,709
revs._
$414,387
Total
Total
Feb.
last.
28
Total
which
normally would be held
April 6, 1943, is being postponed to a date in May to be fixed by the
Postponement is occasioined
bv
unavoidable
delays
in
preparation of the annual report for 1942.—V. 156, p. 1958.
V ..
on
Tampa Electric Co.—Earnings—
Operating
Total
Gross
inc.
after
Net
157,
$5,898,331
(railway
A
119,566
dividend of
and
cents
payable
distribution
Oct.
1,
105,570
1,168,629
157,
Central
1,154,760
The
holders
to
1
Feb.
on
of
last,
1,
record
and
on
common
April
Feb.
30.
2,
V A
June
1
Net
ry.
—V.
1941
$218,028
103,667
43,270
62,225
55,307
income___
60,987
11,327
28,934
22,805
679,352
533,967
461,306
462,755
railway
railway.
income
War
Labor
97,105
136,306
133,224
97,302
37,031
70,953
63,646
Period End. Jan. 31—
___
$971,366
expenses
___
384,814
taxes
$10,959,893 $10,088,295
368.065
4,441,543
1.199,868
Net
846,943
Other
1942
1941
1940
$147,516
$193,370
$208,820
19,824
81,136
80,807
income
162,818
*3,104
39,844
40,548
707,588
..I
income
'•T';
r
i',"
•
Int.,
'•
'
Gross
Net
83,333
1,000,000
$3,471,539
$2,895,061
1,868
1,618
22,036
profit
of
Dec.
h
■'
'
1
157,
"■
'
■"
1111
■'
'
'
"
'
$3,493,575
was
Net
pfd.
144,187
1,745,100
1,721,452
$102,000
$1,748,475
$1,195,727
period.
375,678
375,678
$1,372,797
74
to
of
cents
and
outstanding,
_____
Mexican Ry.—Earnings'
1943
Federal
for
V, 1941
1940
$145,861
61,442
34,092
20,239
income...
42,973
21,443
9,697
*1,384
345,669
240,024
173.594
132,755
178,311
73,621
41,023
19,102
142,265
47,421
21,365
*517
oper.
from
Net
from
Net
ry.
$113,690
..
-
$83,413
-$62,701
'
income
shares
462,126
on
with
$1.10
outstanding
of the
sheet
of
assets
445,018
share
per
of
on
common
the
income—
oper.
•Deficit.—V.
and earned
surplus
against
of
v
157, p. 903.
New
&
Orleans
February—
Gross
Net
from
total
Account
for
Calendar
1941
Years
1940
:
1939
$4,112,110
$4,444,213
$4,018,167
$3,775,524
2,181,652
1,991,471
1.902,490
$2,181,339
$2,262,561
$2,026,696
$1,873,034
1,519,196
Branch
1,508,133
1,385,811
1,279,275
$662,144
$754,429
$640,885
$593,759
45,082
50,966
55,182
52,032
$707,226
$805,394
$696,068
$645,791
selling &
office,
Operating profit
Other
income
Total
Other
income
4,519
1(704
247,000
165,323
114,475
$377,906
Fed.
17,991
279,000
deductions
for
$540,403
$526,226
$529,612
34,997
33,941
24,292
369,691
397,193
.7,404
394,313
50,320
_____
taxes
income
on
pfd.
on
com.
V
on
income
Divs.
1942
$10,526,978
railway.—
oper. income—
ry.
From
1941
$6,101,024
stock
stock____
"Earnings
277,270
"On
I
$0.74
share
per
$1.10
$1.08
$1.19
shares of common stock outstanding.
462,126
and amortization was provided during 1942 in
$52,034 in 1941; $49,844 in 1940, and $52,603
in 1942, $23,671, in 1941, $24,584 in 1£40,
and $25,314 in 1939 was charged to costs
affldj$27,752 in 1942, l$2tf,'363
in 1941, $25,260 in 1940, and $27,289 in 1W9 was charged to other
Note—Depreciation
the
in
of
amount
of
1939,
$52,573;
which
$24,821
5,762,617
2,396,773
$3,657,699
1,443,819
957,624
2,365,993
1,002,676
862,909
362,260
20,520,719
Net
from
ry.
12,092,123
8.324,772
7,459,871
10,875,133
4,438,230
2,666,716
1,950,236
4,733,579
railway
railway
2,188,582
1,517,129
767,507
income
oper.
157,
903.
p.
To
all
tificates
1928,
pany,
between
as
of
First
under
Textile
Mortgagee,
the
Mortgage
Properties,
and
6%
Indenture
all
Inc.
other
of
Consolidated
and The New York Trust
persons
having
any
Balance
Sheet,
Dec.
on
demand
Instalment
from
hand..._
from
receivable
company—
assets
_
and
_
3,158
building
(less
397,642
15,337
;
102,482
_
Prepaid
4,133
561,775
_
employees
_
equipment, etc.
-
_
122,294
65,585
_
Patents
18,960
2,874.878
32,965
_____
__
officers
1941
$370,294
*93,451
2,545.164
receivable
Inventories
Due
$493,157
—
—
accounts
finance
on
_
accounts
Miscellaneous
Due
deposit and
receivable
Accounts
•;(
<.
31
1942
Assets—
Cash
•.'Buildings and
Sinking Fund Gold Loan Cer¬
Mortgage dated November 1,
.
required for Federal excess profits taxes.
Land
Properties, Inc.—Referee Appointed—
holders
issued
provision
1940
$4,175,812
January 1—
from
Net
•
$1,285,642.
Income
1942
Note—No
RR.—Earnings—
1943
railway
from
Gross
'
1942, showed total
current
liabilities of $1,-
of Dec. 31,
as
profit and loss accounts.
Net
same
in 1941.
taxes,
company
$3,745,008.
Consolidated
7,980
.:
railway.—
railway—.
Texas
ended
year
"
railway—.
from: railway______
Gross
the
■
balance
Divs.
1942
for
1941.
'
735.
p.
$377,906
including $91,000 for subsidiary
companies, during 1942 amounted to $279,000, compared with $247,000
Prov.
________
$377,906 in 1942—
to
share
per
compares
shaies
common
Provision
$820,049
•
stock for the
from
ry.
amounted
company
equivalent
number
Net
Net
65,020
1190.
1942, after all charges and provision for Federal income taxes,
compared with $540,403 for the year ended Dec. 31, 1941. The 1942 net
$2,917,179
$164,507
_________
to
$246,187
144,890
February—
Gross
140,388
69,248
1
$309,397
applic.
Texas
393,319
161,064
31,
22,118
(net)
income
Balance
406,417
*42,774
*90,221
1,000,000
$244,569
deductions—
Dividends
—V.
83,333
$307,529
income
etc.,
242,126
400.391
339,840
railway
1,930,771
_________
income
1189.
1943
763,794
revenues...
oper.
p.
191,785
Prop, retire, reserve ap¬
propriation
the Board.—V. 157,
Western RR.—Earnings—
&
1,511,626
60,746
71,978
unanimous
request to raise similarly the wages of supervisory
also approved by
railway—
3.917,814
150,337
'
123,712
__—:
announced
associated
$341,721
oper.
1943—12 Mos.—1942
$907,050
,
23
hour to approximately 3,300
companies
of
New
per
—
from
current
1943—Month—1942
revenues
Operating
.
railway-!-—
from
ry.
The
Co.—Earnings—
Operating
•;■■■■
,
March
on
this
Peoria
oper.
Net
stock
178,445
Service
Board
increases of 4 cents
corporation,
and
pay
was
from
Net
1093.
taxes
of
Net
in
Other
*$708,544
The company's
Gross
1940
$225,099
Texas Electric
Federal
$304,028
;
■
Tilo Roofing Co. Inc.—Earns
1942
p.
*$92,546
bus)_
"Deficit.—V„ 157, p.
$258,563
oper.
157,
$64,563
and
February—
from railway
1093.
p.
1943
from
from
1.904,508
From January 1—
From January 1—
Gross
Net
1,608,923
National
Net. ry.
$346,219
oper.
241,660
inc.
The bus drivers, and shop and garage employees
of the company,
totaling almost 3,000 workers, are represented by the Transport Work¬
ers Union,
CIO.
The Board approved a joint application by the com¬
pany and the union providing for the general increase for these work¬
1,185,179
railway__„___
from
ry.
196,660
net
employees
of:,
York; City.
Ry.—Earnings—
February—
Gross from railway____
Net
154,104
$1,195,964
1,193,863
104,860
-
share has been declared on the
per
June
made
was
1942.—V.
Tennessee
146,229
$1,912,951
Gross
10
$1,
par
19,142
$149,114
-
employees
Teck-IIughes Gold Mines, Ltd.—10-Cent Dividend—
similar
18,583
Wage Increase—
Net
stock,
1,273,790
$1,041,860
$5,271,624
1093.
p.
1,449.771
$1,766,722
$261,223
comb,
Toledo
120,297
_______—
income
—V.
1943—12 Mos.—1942
$463,232
$553,910
____
■
162,631
income
"Loss/
retire.
accruals
reserve
$2,315,650
$129,972
deductions
ers.
1943—Month—1942
revenues
$3,216,494
income—
gross
approval
meeting,
directors.
Period End. Feb. 28—
7,854,447
$292,603
•
8.502,447
171,747
non-oper.
Total
Meeting Postponed—
stockholders'
961,271
$242,640
income
oper,
Total
A dividend of 25 cents per share has been declared on the common
stock, payable May 1 to holders of record April 15.
A payment of like
amount was made on Oct, 20, last,
compared with 35 cents on April
21, 1942.;
.
annual
$10,170,097
$1,253,874 $11,718,941
unissued
Symington-Gould Corp.—25-Cent Dividend—
The
oper.
taxes
Total
reserved
were
net
1943—8 Mos.—1942
1943—Month—1942
oper.
Total
740,000
common
shares, as of that
for, and authorized to be issued
conversion of the preferred stock.—V. 157, p. 646.
date,
Period End. Feb. 28—
Total
share.
per
common
outstanding 516,641 shares
were
authorized
each
Corp.—Earnings of System—
(Railway and Bus Operations)
-
Other
Paper Co.—Initial Common Dividend—
recently
share
Frank
committee;
amended
or
investments
proposed call
a
convertible
authorized
consideration
of ample
up
Textile
stock and the usual quarterly
dividend of $1.50 per share on the 6% preferred stock, both payable
April 1 to holders of record March 31.—V. 155, p. 1519.
cents
the
which is usually held
put off because the date of completion of the audited annual
not permit printing and mailing in time.
February of this year an announcement by the company indicated
—V.
be deposited thereunder.—V. 157, p. 1093.
Strathmore
50
of
Bradshaw
all of the outstanding capital stock except five shares
held by the directors as qualifying shares, has been deposited under
and is subject to such voting trust agreement.
The agreement pro¬
vides that it shall terminate on May 1,
1944, or such earlier date
as the voting trustees may determine; that if the voting
trustees shall
consider it desirable, the voting trust agreement may be renewed for
stock,
15
dividend,
year-end
a
dis¬
15, July
From January 1—
Agreement—Under date of April 26, 1939, a voting
entered into between Steeola Exploration Co., Ltd.,
the
predecessor of the company, and Joseph Errington, Julian G.
Cross and Donald M.
Hogarth, as voting trustees.
Upon the death
Voting
and
protective
propriation
.
trust agreement was
Deatly
did
report
Net
the Capital Stock—Based on the balance
of Dec. 31, 1942, net tangible assets (exclusive
of deferred charges consisting mainly of $800,567 of
pre-production
expenses
which will be absorbed in mining costs after production
begins) were equivalent to 76 cents per share of capital stock out¬
standing and 45 cents per share after giving effect to (1) the subse¬
quent purchase of 1,437,500 shares of capital stock by Premium Iron
Ores, Ltd., (2) the proposed sale by the company to the underwriter
of $2,250,000 of 5Vz7o
sinking fund debentures and 562,500 shares of
.capital stock and (3) the loan from the RFC in the maximum amount
Tangible
sheet of the company
similar
A
capital
(U. S. dollars).
$1.56 asked
to the plans of reorganization submitted by
Co.
at the
request' of'and
proposed by;
(a)
Raymond Hamlet White, Frank A. Vanderlip, Jr„
respect
this year
Mr.
.
the
meeting
Wm.
Eaton
Mr.
1942,
dividend
a
that
announces
cumulative
on
Charles B.
of reorganization which
properly be submitted to the referee pursuant to the provisions of
Sections
Co.—Larger Distribution!-—
declared
by the stockholders at
26.8'4
of
and
31,
5.
15, April
stock,
company
4 V2 %
23, 1943, of the Hon.
The special meeting will be in
completion
Eaton
have
voted
annum
directors'
April
common
350.
p.
in
only on such portions of said loan as shall have been taken down,
qualifying shares) will be deposited under the voting trust agreement.
On Jan.
15,
1943, Premium Iron Ores, Ltd., purchased
1,437,500
shares of the company's capital stock, which will represent approxi¬
157,
record
and on Jan.
Dec.
on
increase
to
connection with the development of the company's
the amount of the loan will be payable to the company in
obligations
while
of
last,
15,
the
on
Sylvania Electric,Products, Inc.—Proposes Retirement
The
of
Prop¬
and, the fairness, eqvitableness and feasibility thereof,
of Preferred Stock! and Increase of Common Shares—
$5,000,000 (U. S. dollars), said loan to be secured by a first
mortgage upon the company's properties.
After the proceeds from
for
H.
Gross
the
Textile
_________
holders
Jan.
on
share has been declared
per
to
15
1942,
common
of
Trust
Period End. Jan. 31—
payable May 25 to holders of record May 15.
This compares with 25 cents per share paid each quarter from Feb.
25,
1942 to and including Feb. 25, 1943.—V. 156, p.' 1782.
exceed
the sale of the securities now offered shall have been
with
York
other
any
Amort,
upon
authorized
has
"RFC
April
directors
The
.*•• •• * -j ••• •
2,250,000
$2,250,000
6,000,000 shs. • t5,364,005 shs.
1957-
1,
-
cents
made
preferred,
$5,000,000
due v.-"--/V-'." \
1,
Capital
Outstanding
Authorized
fund 4% bonds, due
1957—•
sinking
fund
Dec.
■>;
This Financing
of
25
Sullivan Machinery
the
Indenture
such
Texas Power & Light Co.—Earnings—
of
was
of
stockholders
$48,385
Co.—25-Cent Distribution-—
was
Oct.
The
.taken down under the RFC loan.
are
$151,060
__________—
payable
cents
20
for
iron ore properties into production.
The proceeds from
securities will be expended or held for obligations incurred
or
The
35,000
dividend
tribution
(U.
$5,000,000
•
the sale of the securities now offered
constitute
or
Court
New
William J. Farthing,
157, P. 823.
A
The maximum
S. dollars)
(Canadian dollars).
RFC
84,004
$186,060
_________
Superheater
deben¬
of expenses, estimated at $109,775
the sale of the securities, is $2,025,-
(Canadian dollars I.
proceeds from
RFC
the
•
deduction
and $2,227,500
dollars)
available
amount
<
before
in connection with
S. dollars)
<U.
000
deduction of
sale
the
from
$167,389
;
93,452
,
$3,046
Balance
—V.
any
proceeds
after
stock,
but
'
net
$279,512
and
order, dated March
an
York, N, Y.—V.
Company is further advised that the action of RFC upon
the company's application for its loan was on the basis of a con". struction period extending over approximately two years.
estimated
$29,182
'
applic. to pfd. stocks for the period.
periods.
Proceeds—-The
such
The
may
_______
to
bondholders
109,
provides
commitment or agreement
to. make a loan after., the expiration
of one year from the date of
'.such 'commitment or agreement.
Company is advised that it is the
usual practice of RFC in connection with
the financing of projects
requiring more than one year for completion, to adopt subsequent
resolutions authorizing loan disbursements over subsequent
one-year
no
revenues...
income
Dividends
mine
the
oper.
Other income
lien
the
to
creditors
York
William
Net
the
'
other
of the Supreme Court of the State of New York,
County, James A. Martin was duly appointed as referee
pursuant to the terms and provisions of such order to hear and take
proof and report his recommendations with all convenient speed to
New
73,791
—
subject
property
all
McLaughlin, Justice
1943—12 Mos.—1942
$133,037
,.'i
__
and
Inc.:
Pursuant
Superior Water, Light & Power Co.—Earnings—
Rferiod End. Jan. 31—
the
in
Mortgage
157, p. 998.
and
jjroperties.
The resolutions provide, among other things, that no
part of the loan shall be expended until the entire proceeds from
.
Studebaker
-
1277
65.585
363,296
363.054
expenses
amortizationi_^_
___
1.918
2,717
65.904
Com¬
claims
or
Total
—
$4,374,650
$4,285,462
THE COMMERCIAL & FINANCIAL CHRONICLE
1278
Liabilities—
Notes
\
payable '
Trade
Due
1941,", and
$900,000'
___
payable
officers
and
employees
to
:
bonuses,
for
$1,000,000
v/
87,120
■
;
,
Point
44,236
of
and
in-1942-
approximately
&
Water
Columbus
dissolved'
and
Continental
Pleasant)
through
.
.
to
liquidated
was
realization
i
•:
accounts
Light
Co.,
Southern
Ohio
with
.ultimate
an,
dent
of
National
Tube
Co.;
will succeed Benjamin F.
Harris, who
recently resigned.
Mr. Harris is now a consultant to Benjamin F: Fairless,. President of the parent company, iri connection with war activities'.
—V. 157; p. 1191.""
"
1
•)'
•■
,
$120,000.
subsidiary
a
Electric
of 'Continental
<
Co.;
sold
its
Monday, April 5, 1943
electric
_
commissions,
etc.
Miscellaneous
Federal
taxes
Accrued
34,323
279,000
and
247,000
53.335
58,897
:
income—
on
State
Deferred
payable
other Government
taxes
bus
convertible preferred
iCommon stock i$i pdr;
stock
($20
464.200
——-_i——50,000
Earned
1,285,642
Capital surplus
———444,165
Treasury stock (2,084 shares)
Dr2,074
contingencies..
surplus
Cement
464,210
,
In
for
444.165
Dr2,084
——
1942
ill
iv-!
^
Total
fIncludes
receivable.
notes
and
1941.—V.
in
$188,96$
157, p.
$4,374,650
fAfter depreciation reserves
^Includes
1941.
scrip
of
Antonio
$4,285,462
latter
of
part
1942,
both
been
elected
Controller.—V.
has been elected Second Vice-Presi¬
and J. H. Callldge, Treasurer, have
M.
has
Price
E.
been
named
Corp.—Earnings—
'
Earnings
provision
Notes—During
the
10,132,700
$0.90
$0.84
—;
report
says,
by
with $80,798,622
compared
the year,
During
&
Pacific
Iowa
Power
shares
62,700
of
corporation
the
31,
retired
in
certain
of
1940
preference
1941.
cents
no
share has
per
value,
par
similar payment
A
been
payable
"Estimated,
declared
May
1
the
on
holders
to
7 "1942—3 Mos.—1941
profit
tAfter
$3,300,000
all
charges,
deducting the dividends
other,
of
Federal
income
which
Federal
excess
Profits
took
the
for
from
balances
taxes
stated
at
similar
frozen.
Oct.
action
the
earnings
earnings
for
by
in
dollars.
no
released
and
in
currencies
fourth
still
are
credit
post-war
were
the year
1942
Gas
did
non¬
Other
the
prior
income
-
Int.
realized
'
•
In
of
part
and
ice
sterling
of
the
sterling
in
deposit
31y
1942
the
third
and
quarter,
There
in England
is
in
an
1942
$600,000
expectation
will
in
that
be
soon
in
some
been set aside
out
of
countries,
earnings
as
a
Total
$78,195,063.
of
preferred
$100
stock
.7 ,7. 7 C'
•'
,J.
first
value
$2,397,246
for
1942 are estimated at $3,300,000,
previous year.—'V, 157. p. 735.
the
A
dividend
of
stock,
37 xh
par
Previously,
153, p. 113.
V.
cents
$25.
the
share
per
for
reserve
:
•
company
paid
50
Net
depreciation
157, p.
The
electric
March
17,076,098
V.
157,
per
share
net
Interest
reserve
output
27,
kwh.,
for
1943,
the
1942
,
and
etc.
1941
$46,220,819
1,215,506
105,525.
101,500
1,223.630
1,189,961
15.4%
or
over
the
system
companies
128,205.115
kwh„
quarter.—
corresponding
for
period
the
last
utility
from
Mr.
held
2,743.457
$1,927(886
1,704,761
1,704,761
$88,470
$.223,125
5.398.203
plant,
of
$1,106,287),
6.36%
prior
ferred
stock,
capital
Net
ry.
and
stock,
of
series
series of
1928,
1925,
$9,951,600;
subsidiaries
of
cumulative,
held
by
31,
and
Company
by distributing the common stock of The United
Light and Railways Co. to you, the preferred and common
stockholders
of the Power
Company.
mendations
to
the
SEC
as
it
was
required
to
do,
its formal
had
$51,'-
utility
of
revenues
for
dissolution
before
the
Until
take
.
and
order
an
is
further steps
no
Major
.
distribution.
and,
while
Commission will
entered
take
no
recom¬
The
matter
is
now
by the
Changes In
the
System
the
the
following
annual
On
Sept.
17,
1942, Continental Gas & Electric Corp.,
to
outside
interests for
orgamzed
and
Sept.
share
common
25
in
the
Texas and Oklahoma
common
stock
of
a.
newly-
utility subsidiary, Eastern Kansas Utilities
Iric
1942, that company sold $990,000 of first
mortgage bonds
and
from
assets
outside
in Fort
interests
for
52,300,000
certain
utility
Scott, Kansas, and adjacent territory.
On Sept. 25,
1942, Continental and its wholly-owned
subsidiary, IowaNebraska Light and Power Co., sold their
entire investments in Lincoln
Traction Co. to nonaffiliated interests lor
$375,000.
Kansas Power Transmission
Co., Inc., a subsidiary of
Continental,
sold all of its
property and assets to outside interests as of Dec.
At
M.
a
31,
of
United
receivable,
p.
$391,238;
cost),
average
current
first
1943
1942
1941
1940 '
$2,215,146
$2,076,400
$2,309,981
,094,179
1,117,691
986,421
'1,345,536
153,173
954,748
902,769
4,697,848
,313,193
2,311,511
2,752,065
,437,335
1,269,036
1,979,655
,899,300
income.
1,271,392
„
1191.
Production
construction
halted
in
and
prior
pre¬
April
work
plants,
20
authorized
Island
plant
and
of
announced
permitted
10,
in
and
to
remain in
■
'• %'
of
view
a
needed
was
authorizations
Feb.
to
which
.%?•
company
plant
1943.
completed
equipment
Revocations
as
this
(Pittsburgh/
10,
was
almost
were
material
operation.
Feb.
on
Neville
this
on
facilities
critical
of
of interest
bonds,
1,
the
small
very
to
place
the
other
construct
effect.—V,
156,
of
4 (4%
gage
sub¬
%
Interest
New
',
of
A,
interest
income
due
coupon
series
4%
is
due
being made
1981,
general
on
surrender
on
of
4%
mortgage
the
due
coupon
1943.
Payment
applicable
notes
its
revocation order Feb.
a
2143.
income
$24,798,200;
surplus
serial
of
the
of
Board
on
by
Wabash RR. Co.—Pays Interest—
r
$3,799,300;
6%
Detinning Co., Sewarcn, N. J.—Resumes Con-
$9,-
liabilities,
series,
stock,
common
$213,810,500;
1942.
May 1,
the
Feb.
the
by
1
of
Board
following
of
Steel
and
April
is
-
of
4l/4%
bonds,
is
series
also
B,
being
due
1943.
1,
made
1991.
on
general
surrender
on
mort¬
of
the
■'''
payable at the office of the company, New York, N. Y.
Official—
1
■
•'
L. E. Clarahan of St. Louis has been elected Vice President in
of
-
traffic
G.' G.
of
road
■
and
157,
p.
the
of
Ann
1191.
■ r
Arbor
RR.
to
succeed
charge
the
late
;-'
%
:
Washington Gas Light
157,
P.
vacancy
death
the
on
on
record
held
of
board
share
April
disbursed:
on
15.
v
New
The
of
March
Head
2,
Tubular
28.
Mr.. Cox,
as
Alloy Steel Corp.,
on
March
•General
Federal
.y
—
—_———
7,615,267
—__I_____i—-i—.
and
excess
profits
taxes———.
6,796,777
613,784
•
564,384
765,939
—
831,085
-671,038
*
.
763,923
776,085
the
J.
Finance
P.
Net
elected
Committee
Morgan,
operating revenues————_
626,035
$2,116,619
$1,948,333
income
—.——7,221
105,110
$2,123,840
—
$2,053,443
income
and
other
deductions.——892,207
825,189
$1,231,633
$1,228,254
Arthur
who
of
Net
—V.
income
—
———
157, p. 1095, 1191.
died
of
is
United
James
States
A.
Steel
Farrell,
Corp.
former
normally composed of
15
subsidiaries,
was
announced
Welsbach
Offered—A
Engineering
new
issue
of
&
Management
$493,000
Corp.—Bonds
collateral
trust
5%
sinking fund bonds was offered March 26 by
Barrett Herrick & Co., Inc., New York.
The bonds
which are due Jan. 1, 1953, are priced at 83 plus in¬
10-year
terest.
on
Dated
.
years
$12,718,779 $11,370,485
—
taxes
%
.
j.———
income
Interest
30,
was
•
who for the past two
Depreciation
Gross
President of the National Tube Co.
two
Subs.)—Earnings—
1943
'••'.'^v 1942
revenues
Maintenance
Other
Subsidiaries—
of
election of Charles R. Cox
'
.12 Months Ended Feb. 28—
(&
%%
of
28
board
Feb.
■
Morgan & Co., Inc.,
March
The
per
cents
Director, etc.—
succeeding
the
were
647.
p.
.'!■,
the corporation.
cents
25
Co.
Operation
members.*
and
this
Early.—V.
-
extras
member
a
Corp.,
,
25
holders of
to
Directors
J.
dividend of
last.
1,
Steel Corp.—New
board
;
of
on
year-end
dividend
75 cents.—V.
the
States
created
President
quarterly
Vice-President of
13.
extra
an
payable May
paid
were
year
additional
An
both
meeting of
a
member
was
usual
States
Anderson,
March
the
and
cents;
declared
have
stock,
amounts
the
for all of the
and
United
intermediate
operating
17,
purchased
properties
an
$7,350,000.
Continental paid $1,500,000
On
per
During the
investments
.
%
545,914
that
plant
•
directors
The
report:
holding company in the System, sold its entire
securities of three operating
utility subsidiaries in
for
4.592,350
rdetinning
U. S. Industrial Alcohol Co.—Extra Distribution—
;
Year
plans for integration and corporate simplification
compliance with the order of the SEC of Aug. 5,
1941,
transactions have been consummated
since
the
last
"-
division
157,. p. 736.
4,460,587
War
Operating
the
In furtherance of
and in further
tool
Ry.—Earnings—
railway——
Resumption
casualty reserve, $1,531,136; miscellaneous reserve, $1,526,893;
in aid of construction, $1,919,881;-paid-in
surplus, $47,608,905; earned surplus, $9,669,632; total, $522,145,243.—V. 156, p.. 1062,
Like
During
machine
609,649
p.
been
amount
contributions
action
in distributing the Railways common Stock.
the
and
ance
pending
order has yet been entered, it is
in the early future.
Commission the management can
of
manager
eral
on
stock
Commission
the
sales
income
oper.
157,
fact
a
income
and
excess
profits taxes,
$9,718,618; dividends payable
(including $354,363 covered by special deposits), $1,361,339; customers'
deposits, $1,280,975; miscellaneous, $743,009; deferred credits, $4,467,363;
depreciation reserve, $76,960,788; maintenance reserve, $392,000; insur¬
July 1 last.
After the plan was filed,
hearings were had early in August and upon completion of the
hearings
the staff of the commission
proceeded to analyze the record and the
data we used in arriving at our conclusions
and formulating the
plan
expected
Called—
railway...2,188,821
from
ry.
resume
advances,
$5,232,900;
public
24,011
struction of Plant'—
1042
Power
debt,
48.952
15,745
January 1—
from
Net
—V.
sidiary due la 1943, $790,000; other notes payable by subsidiaries,
$2,100,000; accounts payable, $2,946,215; accrued interest, $3,565,750;
accrued general taxes, $2,684,406; State income taxes, $321,09 8; Fed¬
long-term
40,756
13,613
1,300,958
thereto,
$94,964,735;
48,211
Co.—Debentures
railway..„.v
Payment
preferred,
prior
63,535
1,-
Hoglund,
Vulcan
interest
8.944
187,927
is notifying holders of its
May
oper.
From
$522,145,243.
preferred
stock
accrued
3,277
159,975
10 years, has been appointed Vice-President.—V.
from
2,300,488
(priced substantially at
$1,324,459;
miscellaneous
supplies
Liabilities—7%
has been no disruption of the
plans reported from time to
which provide for the liquidation and dissolution of United
Light
and Power Co., the top
holding company in the System.
There has,
however, been unavoidable delay in winding up the affairs of the
dividends
$1,201,820;
and
prepayments,
$53,654; total,
There
$8,583,767;
"2.817
216,571
29,822
February—I-""
'v
from railway
$3,658,166
1,500,000
investments
$386,600,562;
11,528
252,059
Gross
2,545,104
time
made;
to
Virginian
—56,720
Dec.
I'13,878
Van Norman Machine Toot Co.—New V.-Pres.—
dis¬
Balance Sheet,
$68,684
16,182
1095.
p.
Oil
company
Helge G.
,
$6,203,270
Co.
1940
$70,095
13.423
> 15-year
T.', gold'debentures
1947,- at 5%, that $143,000 of these debentures
•have been drawn by lot for redemption on
May I; 1943, at par.
Pay¬
ment
will be made at The Chase National Bank of the
City of New
York, 11 Broad St., New York, N. Y.—V. 152, p. 1300.
5,337,783
2,803,053
not
157,
Valvoline
The
$15,066,702 $11,541,053
Power
1941
$90,362
?■
28,300
8,291,924
$6,865,446
income,
$120,241
l" v
oper.'income—..
ry;
extended
351,315
5.365,448
net
%-%^>.:1942
1943
,
income—
"Deficit.—V.
companies'
United Light &
to
consolidated
•
— -
from
Net
paid
of
-
>
railway.
oper.
ry.
1
<
Ry.—Earnings—
from
.Net
8,584,901
8,473.691
income
*'
railway.-—
Net from* railway.——_
4,511,523
.
$9,668,499
net
&£
1000.
30,327.705
404,851
United Light & Power Co._j.
to
:
p.
the past
-
223.141
From January 1—
by:
subsidiary,
Woolfolk, in reviewing the year's operations, states
The management
157,
'/Gross
by
—
-
income
Utah
$23,540,393'$19,832,977
—
346
$1,793,231
010,733; deferred charges, $17,695,069: cash, $39,582,636; deposits for
payment of dividends on preferred stocks, $354,363; U. S. Government
obligations, at cost,. $6,101,236; accounts and notes receivable (includ¬
ing merchandise instalment accounts due in more than one year) (less
further:
$4,666,208
2.714.698
4Net
8,424,026
'•
—
investment
consolidated
of
paid
245,707;
1,500
34,500,142
$390,172
•;
$402,705
deductions
etc.,
Net
" $23,135,541 $19,481,662
—
and
(net)—__
income
Gross from- railway..—
259,361
securities
on
'
materials
1,800
s
230,581
V
6,371.188
_
—
Assets—Utility
definte plan is now being formulated
looking toward the complete
liquidation of American Light & Traction Co. as a further
step toward
compliance with the Holding Company Act."
:
_J..$179,564
»
$160,104
Dividends applic. to pfd. stocks for the period,
859,872
286,836
——_
.'• '.'$402,459
revenues
income
Net
5.550,426
v
taxes—10,010,559
operations.
——
oper.
The
"A
,150
5.135
39,117,026-
9,112,209'
Light & Railways Cp. charges—
reserves
150
.
$4,071,343
5,053,183
—
profits
excess
Consolidated
Light & Power Co.—Dissolution of American
Light & Traction Co. Planned—William G. Woolfolk,
President, in his remarks to stockholders states:
limited-term
7,787
of
1190.
p.
appropriation
$4,507,929
Int.,
*
8.784,750 7
Federal taxes—..
„——
week
United
6.469,640
513
$40,638,344
11—.-%• 807.897
—
Dividends
year.—
7,454,966
v
retire.
prop,
of
Gross
"Applicable to securities owned by United Light & Power Co.
increase
an
$1,431,383 $17,158,882 $15,226,191
$390,685
A
5,628,314
—______
revenues.
holding
Interest
1943—12 Mos.—1942
1.683,376
&
February—
—-—_—_——
dividends
Represented
Co.—Weekly Output—
to
(& Subs.)—Earnings-
1943—Month—1942
1,644.164
Net
the
"$3,858
2,334,180
^
water
(net)
Balance
March
15.983
$5,002
147.499
—V,
tributed
UGI
amounted
"$321
'25,463
176,520
Subs0—Earning^----
47,068.575
Balance
on
609,150
:
824.
p.
j__
^'..Balance
earnings—
Subsidiary
charges
600.284
•'
2,147
$8,498
$621,275
141,638
Other
class
share 1, $9,684,768;
investments,% $2,642,317;
of
•
,
and
income
Total
during
record
each
157,
taxes
Net
1094.
taxes
earnings
Other
$630,749
50.763"
2.095
'
par)
no
$60,000,000:
per
5.229,210
income
Balance
United Gas Improvement
ended
cents
of
:•
wV# 49.221
investments
compared
declared
holders
$52,589
288.479
<..
9,288,473
income
Federal
557,277
.
615,542
Amort,
to
and miscellaneous
"Balance
to
$59,814
deductions'
&
reserve
.
shares,
(600,000
share,
per
by-products—
local
State
the
sub¬
$63,998
408.311
697,186
I3",258,483
State,
$222,438
51,727 %
expenses
Gross
recently
was
payable March 31
$862
31,259
7.938
•68,447
79= 46 T:
; -
$1,635,437
Union Mfg. Co.—Reduces Dividend—
23.
1,107,607
61.871
5,955
;■
$28,555
bonds.
mtg.
int.
Deprec.
$91,218,853
United
common
1,563,033
707:
•,
.7,039
v
(Federal taxes
<1,055,576 shares stated value $4 per sharer,
payable
operating
public,
for the year
$1,247,990
122,714
■'
Operating
charges,
$547,196; U. S.
$108,510,356
a
Theatres Corp.
•
•
1943—12 Mos.—1942
revenues
Theatres
paid
and
$1,926,809
13,045
Period End. Jan. 31—-
available
and
during
Operating
deferred
cash,
Maintenance
$3,500,000
the
on
$1 each;
15,
$130,238
141,838
Utah- Power & Light Co.
'
.
Depreciation
to
:
share
per
Distributions
48.
p.
$190,477
;
•
"Deficit.—V,
$1,199,247
-
$76,031,788;
$1,358,442;
escrow,
cumulative
and
with
amounting
years
157.,
•
of $1
10.
1943—Month—1942
revenues
Balance
Light & Power Co.)
Electricity and gas purchased for resale...
15,8751729
Operation
__._______________-7.-_-—35,571,794
area
previously
moneys
on
Other
*
„•
steps in
plan formulated
•
______
Coke
arising
all
Government
countries
greater
restrictions
has
$2.—y.
Gross income
Other
:_L:
Sheet—Dec.
Transportation
not
Corp.,
in which this corporation owns a 42%
dividend during the fourth quarter of $1 per share,
resulting in the receipt by the corporation of $756,000, which is in¬
cluded in the foregoing figures.
The consolidated earnings of National
interest,
with
Co.-(a
funds
the
(United
revenues—Electric—
Operating
$2,610,000.
and
.
The purchase,
and simplification of the System.
31, 1042
Subsidiary Operating Companies:
thereto.
respect
National
$600,000
of
March
June" 18 and Sept.
taxes-•
Federal
con¬
$7,400,000,
is
$2,275,000
extraordinary
British
quarter).
currency
year-end
dividend
a
record
March, 18,
Operating, expenses-
1942.
There
with
1942 at
year
since-.—
transactions .are
comprehensive
advances,
Calendar Years—
the
paid
Light & Traction Co.—Earnings— '
Operating
permit Continental
above.
United Light & Railways Co. (&
income
the estimated
distribu¬
A
none
__
and
$78,195,063.—V.
have consequently been returned to the
1942 ($2,900,000 of this amount is included
for
as. follows;
Period End. Jan. 3r—
$458,828.
$4,921,926
Federal
As a result of this improvement in the exchange situation,
are
contemplated with respect to funds in England at
..
reserves
26,
the
include
the
1942.
stantially all income earned
Dec.
for
1941
year
1942
24,
reported
the
Power
will
<2.421,192 shares stated Value $4
note
Heat,
income account for the year
in
management's
Ended Dec.
liquidating
stock
$74,000;
total,
■;
preferred stock,
on
minus
the
created
frozen
to
tax
release
to
Reserves
respect
15r a
Utah
$4,'bank, $1,500,000; accounts payable, $25,890;
accrued interest, $5,167; accrued general taxes, $40,617; Federal income
tax.
year
the
fro/en
Dec.
$1,729,069
total,
common
taxes,
$3,372,762 $10,600,000
18.-.
1941;
8,
obligations, at cost, $80,000; due from subsidiaries, $25,590;
$3,400;
common
"1942—Year—1941
including estimated
estimated
are
for
profits
excess
mainly
taxes
profits
income
include
were
a
territory.
part, of
described
contemplated
.1
Liabilities—$6
record
earnings of the corporation amount to $5.30 per share on the
stock, compared with $2.03 per share for the previous year.
common
; 1942
__.i
special
Government
80-cent
Corp.—Earnings—
'7'
After
solidated
Co.,
Iowa
SEC,
substantial
a
and
income
class B
taxes. -
of
of
the
of
transactions
Balance
(Including Wholly-Owned Subsidiaries!
net
Illinois
the ultimate integration
income,
Net
on Feb. 1, last.
In 1942, the
2 and May 1, and 40' cents on
Feb.
on
Century-Fox Film
Period End. Dec. 31—
company on March 15
stock to- holders of
San
Paper Co: for
Gas
and adjacent
approval
reinvest
the
realization
for
222,304;
■(•Consolidated
The
•
__
i
made
was
company paid 20 cents each
Nov, 2.—V. 156, p. 2047.
Twentieth
from
__
1942
I
''
March
Dec.
-
common
the company expanded
20
stock,
16.
of
•
Expenses
■
7 ' 290,273
State, local and miscellaneous Federal taxes—7,158
Interest and other deductions
——* 232,391
coast
of
International
Consolidated
Co.
completed
Assets—Investments
dividend
April
of
these
final
Gross
to
r
»
record
on
Utah Home Fire Insurance Co.—$ I Dividend—
;■ r
$10,000,000.
for
of
-
City
These two operating utilities furnish electric and
the
advantageously
the
Tung-Sol Lamp Works, Inc.—20-Cent Dividend—
A
Light
subject to
$148,648;
:
stock
common
Transamerica
and
totaled $81,629,398 at Dec. 31,
Dec.
at
&
company).
is
All
559.
p.
Michigan
year,
service in Des Moines, Iowa,
from
its manufacturing interests
by the acquisition of control of Enterprise Engine
Foundry Co. Aerco Corp. and Adel Precision Products Corp.—V. 157,
the
on
the
of
City of San Antonio
stock of
common
the
Income Account Year
y:.'
Capital funds of the corporation,
as
10,090,000
—
acquired
were
treasury.
1941
$8,531,779
minority interest,'
and
taxes
1942,
stock
capital
Corp.
for
sold all
the
1159.
made
was
Net oper. revenues—_
Rent from lease of plant
to
1942
$9,161,625
,
share———;
per
"After
'
shares__—_—
Outstanding common
to
p.
dividend of 5 cents per share- on
a
holders
to
share
per
.Other '-taxes
which
Domestic Subsidiaries)
( And All
Co,
cents
February of this year, Continental completed negotiations for the
purchase of all'of the common stock of Des Moines Electric Light'Co.
gas
profit
net
Mason
stock
common
15
156,
V.
'
Iu
,
Calendar Years—
"Consolidated
Service
the
of
During
affiliated
Transamerica
of
par
of
and
.and
Vice-Presidents,
157. p. 479'. r
1
''
subsidiary- of ?
American Light, asquired the gas properties in Mt. Pleasant, Ludington,
Greenville and Belding, Mich., at a,cost of approximately $778,000; "
Thompson Products, Inc.—Changes in Personnel—
dent.
Public
shares)
Colwell, Vice-President,
J.
D.
Wright, Secretary,
subsidiaries
'
,
735.
T.
minor
two
'
March 25 paid
company, on
$1
Dividend—
to
7 7
A.
The
the
tion
■
Subsequently. American Light used a part of the proceeds of this sale
pay in full its $4,000,000 bank loan..
••
■•*'* ■
In December,. 1942, American Light sold its entire holding
(65,527
of $233,654
half shares
22
'
'
holding company in the System,
in
IT, &, Universal Joints* Co.—Five-Cent
,
Brick and Tile Co... namely, Rolfe Products Co. and Mason City Develop¬
ment Co., were liquidated into the Brick and Tile
company, v ■
On Oct. 24,
1942, American Light & Traction Co,, an intermediate
1,270.003
—_
and the Colum¬
$400,000.
some
Co.
the
—
.
realized
On Apg. 31', 1942*, the Railways Company sold all bf its interest in
Davenport and Clinton Bus Off! -for" $25,'000:' ""'l -L"""'"'
During the year, the Railways company disposed of the balance of
its
holding of the common stock of Northwestern States Portland
625,000
625,000
par)—-
The Point Pleasant company was dissolved
company
Muscatine,
—62,700
income
$1,40
Reserve
properties.
117.139
16,894
91.240
__
accounts
has been Executive Vice-Presi¬
Jan.
Denomination,
I,
1943;
$100,
due Jan. 1, 1953.
Interest
$500 and $1,000.
Principal and
payableJ,"u&u
interest
J.
payable
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4165
157-
Western Maryland Ry.
Trust Co.,^trustee, without deduction,
property tax not'in excess of 8 mills per -.
Massachusetts income tax not in excess of
office of.Fidelity-Philadelphia
at
Pennsylvania
of
G%
per
date
personal
taxable
on
annum
value.
Bu'sihcss—-The
all
Redeemable
refunded.
annum
face value
at
accrued, interest,
plus
corporation
is
'
company,
Dec.
At
1942,
31,
the
group
the
in
y/V-
Atlantic
the
86,997
90.266
735,736
541,062
1,474,758
1,105,616
!-
8,175
9,831
17,803
21,889
58,612
50.994
128,035
107,083
$1,149,3.98
Net
$643,825
$2,424,505
$1,387,391
250,000
5 992,000
472,000
,//• >//
Operating Income——
Equipment rents
$393,825
$1,432,505
$387,391
28.084
33,763
70,578
70.931
facil.
Jt.
rents
(net
Dr29,737
Dr28,565
$412,500
$1,473,346
36,250
18,835
66,426
$431,335
$1,539,772
$958,770
v
lighting—American
(1) Street,
.
American
Co.,
Development
274,682
277,160
556,984
553,151
$451,941
$154,175
$.982,788
$405,619
(2)
(Del.j.
lea
•l
,
.
.•
p.
,
'
»
•
Inc.
Processes,
10-year/- sinking
'
.
t
,
;
.
B
($10 pari
stock
(no
commissions and
has
tion
'---
^
trust
is
,
commencing in
1944,
•
Such funds shall be applied to
by call by lot, at par.
$l3,0oo, respectively.
ana
bonds,
of
tion
590,809
218,096
•
the; indenture,
year, as defined in
earnings the fixed sinking
calendar
ceding
;. '>y
ten
and
shall
also
and
1
July
from
Net
-
v*
—
ry.
York
New
Washington,
and
'•
•
1941
1940
$383,319
$246,554
$159,929
$136,157
146,418
76,505
30.198
12,407
income—.
46,830
37,365
11,888
3,365
ry.
railway...^
817,189
492,534
334,842
278,199
railway-;'—--'
347,706
143,394
71,965
26,753
105,346
72,610
32,083
5,731
income—
oper.
157,
1095.
p.
June
1,
July 1.
The
and
accumulated
is
to
be
development
the
experience
of
pneumatic
controls for the railroads of the world
to
the
general industrial field,
it is
of
made
available
this
in
company
announced
in
by George A. Blackmore, President.
company's remote control systems already
the
solve
field
marine
made
been
underwriter.
Operating
-'-—J--——-
operating—L—_:——
of
and admin,
general
Selling,
-
exp.—
on
for the
power
control
of
ships.
have been installed
Similar applications have
shovels in the earth moving industry, and to
Wheeling & Lake Erie Ry,—Earnings—
•
'
*
1943
1942
:# 1941
February— -
.
1941—.
1942
$2,498,976
1,854,168
574,415
$3,517,994
2,808,992
543,489
help
,
ry;
—V.
$82,274
Total
income
income
lor
86,437
taxes.——
38,018 %
i-_-/./-i-'—
profit
Assets—Cash
(less
and
banks
in
doubtful
for
reserve
$29,598
$36,917
'
of
income.
Works
$61,803; total, $1,883,199.
$8,163
447,336
Vice-President
to
made
also
company
..
Operating
Other
Washington
parts
announced
that
service division,
157,
j
Operating
revenues
___
$1,113,763
Operating
expenses
__L
421,592
—-
121.090
105,895
taxes
taxes
;
;
(&
Total
charge
in
p.
and
Provisions
-
production.
Roy
axle
for
Fed.
and
Balance
State
Cash
transferred
allowed;
Earnings
,
1.
;
—_
to
U.
Govt,
tax
trade
1,178,224
fLand,
$375,222
$315,468
$3,315,580
$2,823,105
80,099
867.678
916,037
t
(less
•
Int.,
etc.,
deductions—).
81.410
$293,812
income
Dividends applic.
Balance
—V.
$2,447,902
$235,369
to pfd. stocks for the period.
.
_
157, p.
_
824.
$1,907,068
622,518
622,518
$1,825,384
$1,284,550
-v
1
A
cent
proposal
hour
an
to
was
the
increase
proportion
-
increase
the
non-union administration
factory employees, and
the
as
800
to
non-union
hourly-rated
NWLB.
the plant
has
than
more
and
ammunition
from
on
automo¬
quadrupled its labor
employs
now
&
The
covering
issuance
Smith,
public offering
proposed
due 1958,
39
under¬
participations
Kalman
follow:
8150,000
& Co.,
100,000
Inc
Kebbon, McCormick & Co.
Inc..,
250,000
Whipple & Co.—
150,000
400,000
Lee Higginson Corp
500.000
Lehman
& Co.,
Inc
—
,
•_
1,000,000
Inc.
300,000
& Co.——
150,000
&
Central
Repub.
E. W.
Clark
J.
Dain
M.
Inc
Co.,
Co.,
First
Boston
Newhard, Cook & Co.—
Hallgarten & Co._
100,000
Hop100,000
150,000
Stern Brothers & Co
Stone
&
Webster
Blodget, Inc.
1,000,000
;_/
and
500,000
Stroud & Co., Inc.———
Swiss American. Corp—
\•
1,000,000
-
&
wood
•
650,000
Ripley & Co.;
Jaffray
Piper,
■
1,000,000
:
1,000,000
200.000
—
F. S. Moseley & Co.300,000
100,000-
Corp..:
1,000,000
Corp
Securs.
The Milwaukee Co
100,000
Goldman, Sachs & Co.—
500,000
500,000
•
*
Brothers
Mellon
150,000
Co
&
150,000
Lazard Freres & Co.—_
"
a
Forgan
Janney & Co.
2,500,000
by
Glore,
additional
and
Co.
discloses
the
and
&
Becker & Co., Inc.
G.
The
and
Barney
statement
group
Co.—_
&
Allyn & Co.,
Bacon,
A.
complete
Forgan
C.
1096.
p.
mortgage bonds, 3%. series
by
Barney & Co.—^.$2,500,000
Glore,
A.
the
first
new
registration
The
Smith,
157,
of the world's largest meat and produce con¬
the Securities and Exchange Commission a regis¬
one
headed
group
Co.
workers.—V.
11.000
Co., Inc.—Registers $20,000,000 Bonds— V
$20,000,000 of
&
about
-
150,000
300,000
Inc.
400,000
350,000
100,000
200.000
White, Weld & Co.—350,000
The Wisconsin Co.—;—
500,000
Hornblower
500,000
Dean Witter & Co.——;
350,000
150,000
Yarnall
150,000
Harris, Hall & Co.,
The
at
101,374
459,316
There
no
securities
The
Dec.
:.
/
S3.44
31
:
L—•.
mach.
on
prepaid
$2,975,192
before
expenses,
1,
the redemption at 102
debentures due April 1,
The company's
to
company.
Stock
York
New
the
of
the
at
Exchange.
option
are
3%
on
the
of
on
before April
or
or
before
1,
company
on
if redeemed
2% on or
1956.
For the
1948;
April 1,
before June
redeemable on or
1945,
1,
at
June 1, 1948, 1 % ; to
% %; to June 1, 1954, -"/a %, and to June 1, 1956, V* % .
The company operates slaughtering, packing and processing plants
at Chicago, Cedar Rapids, Kansas City (Kans.), Albert Lea
(Minn.),
Oklahoma City, New York City, Los Angeles, Columbus (Ga.l, Omaha
(Neb.),
and
a
storage
and processing plant at Faribault
(Minn).
Through subsidiaries it owns plants in South America, New -Zealand
and
Australia, and Birkenhead, England.
Also operated are 21 pro¬
ducing, collecting and processing plants in Texas, Kansas, Tennessee,
Oklahoma. Iowa, Minnesota and Missouri.
Eighty-seven branch houses
plus
in
operated
the
large consuming
has
to
United
States,
areas.
the
The company owns
subsidiary,
a
houses.
Edward
Wilson
factories
operates
branch
issue,
1 '/&%,'
of
premium
a
1951,
are
and
in
in
the
Goods
main
are
located
refrigerator
1.475
Manufacturing Co.,
Schenectady and
Chicago.
*
Foss
which
Athletic
Buffalo,
and 27
/
proposed
'1
,
Wilson,
president,
in
with
connection
in
cars
Inc.,
the
.
states:
statement contained in
the registration statement
for the fiscal years 1941 and 1942 on a comparab'e
earnings
show earnings
which
the
involved
"last-in,
for
1942,
as
provide
to
adjustment
an
first-out"
a
year
$2,750,000
out"
of
results
in
the
application
of
replacement inventory reserve.
The earnings
previously reported, were after a charge of
reserve for replacement of basic "last-in, lirst-
pork
produce
inventories during the1 period
from Oct.
31
to
1942, the close of the company's Federal income tax year. The
adjustment is to apply $1,000,000 of the replacement reserve to the net
31,
earnings of the year 1941. decreasing reported earnings for that year
by $1,000,000 to $6,047,306 and increasing the earnings of the year
1942 by a like amount, to $8 319.508.
Consequently there is 110 change
the
aggregate earnings for the two years..
The
directors
of
count
have
made
were
during
1942,
declared
accumulations
payable May
tions
1.942.
1
on
The
to Oct. 31,
Wisconsin
$6
holders
this
issue
current
dividend
a
the
on
to
of
$1.50
011
record
Feb.
dividend
1,
share
on
ac¬
preferred 'stock,
cumulative
of
no
par
per
April
12.
last,
and
covers
the
Similar distribu¬
in
period
each
from
quarter
Aug.
1,
1942.—V. 157, p. 352.
Central
Ry.—Earnings—
1943—Month—1942
1943—2 Mos.—1942
$1,509,315
$1,359,747
$2,921,032
$2 765 083
1,041.777
926,561
2,177,160
1,938,281
$467,538
revenues
(Total expenses
Net
ry.
_______
rev
$433,186
$743,872
$826,802
Federal income taxes—
81,7-07
17,048
81,707
54,043
100,593
taxes
after
Net
Hire
of
87,900
205,649
183,983
$285,238
8456,516
8588,772
Dr37,821
£>r29,607
Drll,556
Dr75,846
Dr58,952
Dr62,221
$230,810
Cr2,793
8386,009
Cr6,742
$450,705
Cr3,551
$263,603
$392,751
$456,625
12,721
—
rents—-
8328,238
Or3,463
$255,110
taxes—
equipment—
facility
14,181
24,160
28,630
$242,389
$249,422
$368,591
$427,995
.: Dr30,216
1.989,304
4,061,153
Net
206,134
Other
10,685,472
281,057
$22,092,411 $20,198,312
—
debt
'/2 %
and
bonds
oper.
ry.
income
Inc.
avail,
'''Fixed
for
charges
8251,559
inc.—
(net)—/;
""
Cr5,920
fixed
charges
——
1955, and
redeemable
1945;
1951.
the
interest,
June .l,
295,059
Z
1,
fund
and
par
10,733,701
etc.—;
the
on
are
April
April
sinking
Joint
4,457,540
equip..
15,
funded
other
bonds
before
or
141,438
and
$16,390,000
the
1941
2,325,319
:
due
days' notice at par and interest, plus a premium of 4%
Other
1,500,000
assets
1, 1943, to the redemp¬
first mortgage 20-year
$4,165,000 convertible 3^4 %
listed
are
new
of
July
interest
4'f,
the
is
Co.—;———
&
229,658
receivable—
...
other
and
series A,
Period End. Feb. 28—
$1,578,463
Balance Sheet,
'
Chic.
applied not later than June
369,000
$3.48
accounts
of
be
interest of
1947.
30
Co.
will
104
bonds,
and
Weeks
&
Illinois
Proceeds
G. H. Walker & Co
—
Liabilities—
Note
payable—installments due within
Accrued
Notes
yr._
year)
one
$198,850
865,221
—
—
surplus
——
538,290
900.16G
—
_______
$10)
1
1,270,461
etc.;—:
(due after
(par
$349,834
852,161
interest,
for' contingencies
Capital stock
Capital
one
payable
taxes,
payable
Reserve
Net
47,279
:
reserve)
bldgs.,
Accounts
income
hour.
•
fund
by
1941,
statement
banking
1,093,334
—
an
by
543,187
500,000
•
notes—
1,113,927
38,870
.
$1,599,004
:
acceptances, and
103,458
46,255
,
$2,639,353
S.
Notes,
Investments' and
2,160
266,474
1,127,649
...
__._
surplus..
Inventories
1.814
'
'W"/
;
390,340
Cash
1,017,732
$2,784,235
$2,858,498
/'■
1942
5,240,236
$3,269,325
for
Accumulated Dividend—
56,570
557,842
Comparative Consolidated
:
$11,313,761
$313,308
Board.
provided
.
fund
vacation
to
same
vacation
company,
tration
Report
$2,801,928
re¬
income taxes—
share—
.per
1,253,918
$373,408
Robert
1941
etc.-
expenses,
__.L
dividends
5,210.370
revenues—l
CIO.
94 cents
averages
the
to
granted
has filed with
cerns,
Total
118,922
1.090,795
(net)
It
Wilson
in
-Annual
$4,222,114
—
discounts
for general contingencies——
422,531
91.021
income
Gross
assistant to
$4,146,377
...
ZULU——.
for
Prov.
Total
Other
Graf, Director of the
William G.
had been, made
depreciation
$1,049,240 $11,938,335
91,778
propriation
oper.
force.
Dec.
1096.
:
—
development
Interest
Provision
1943—12 Wos —1942 >
;
Jones
75,737
_____'L_—
profit
income
Sundry
Net
of
Howard
1942
deductions—cash
search
:
Subs*) —Earnings—
19451—Month—1342
of
manager
income
Other
^197,497;
Water Power Co.
Period End. Jan. 31—
Labor
Board.
request
production in
value,
■
,
now
the
by the
the
was
the
promotion
Years Ended Dec. 31—
banks,
payable,
liabilities,
accrued
683,233
the concern's engine and
to succeed Mr. Jones.
of
Manager
works
President.—V.
the
announced
Production
has been
Black,
30
Assets—
)ther
324,113
2,569,632
841,401
•
Wicliwire Spencer Steel Co. (& Subs.)
'
$120,969; accounts payable, trade,
collateral trust 6%
15-year
sinking fund bonds, $493,000; reserves, $63,279; class A common stock
1par $10), $500,000; class B common stock
(50,000 shares, no part,
$1,637,000;
treasury stock
(1,500 shares each of classes A and B
common
stock), £>r$15,000; eaxned surplus, $245,615; surplus arising
from consolidation of subsidiary companies, $50,033; goodwill written
off, Dr$l,600,094; total; $1,883,199—V. 157, p. 824.
Liabilities—Notes
$190,899;
War
K42,- are
to the NWLB by the company
company is engaged in the production of Jeeps
for the armed services.
Since the time of its convers
The
Manager
Denhtim,
The
$69,783; accounts receivable
(not
current!,
$42,893; accounts receivable, employees and others,
$1,052; property, plant and equipment (less reserves for depreciation
and obsolescence of $1,663,502!, $758,702; patents and license rights
(less reserve for amortization of $66,606!, $31,285; deferred charges,
federal
346,356
2,838,842
1,000,425
708,305
211,954
3,124,599
976,417
559,860
March
on
government
$185,946; accounts receivable
$8,2961, $391,518; inventories,
offices,
accounts
1942
402,012
investments in other companies,
$340,218;
extend
157, p. 1095.
from
22,474
Consolidated Balance Sheet, Dec. 31,
$1,215,731
510,099
4,219,683
1.801,126
railway—
oper.
division,
F.
Net
Workers,
1,
Aug.
The
which
railway
Company
47,836
14,658
$1,412,967
445,362
•
White Motor Co.*—Officials Promoted—
$78,473
54,500
•
deductions
by
company's
basis,
Mr
Provision
rate
payment
workers
workers,
will
15,181
11,882
$177,855
from
863,292
$70,392
12,341
•
1940
1940
•
$1,481,572
$2;054,547
January 1—
from
Net
"
Other
ry.
Net
$2,227,911
1,595,125
569,495
railway;—;
'railway—850,491
oper. income.—
' 273,909
From
Gross
/
income
from
from
Net
York, N. Y., is the
$165,513
—J—'14^—/
profit
Gross
The
tion
control
Gross
"
Statement for, Calendar Years
(less discounts
revenues
and allowances)
Other
%
Net
Consolidated 'Income
Costs
1
.
used
Underwriting—Barrett Herrick & Co., Inc., New
to
Hemphill, Noyes & Co.—
General Industrial Field—
manufacture
now
K'
principal
hour was granted on March
this' corporation at its Toledo,
Henry Herrman & Co.—
The
1
the
approved
Harriman
'*
Westinghouse Air Brake Co.—Control Systems to be
Available to
January
not
as
and
provided for an increase of 5 cents per hour
production workers, who are paid on a piece-work
for
base
Inc.
resulting
proceeds
shall be applied to the redemption of
1; and any funds received on October 1
to purchase bonds by the following
shall be applied to the redemption of bonds on the following
and
1
January
rates
The
increase
.
December
following
the
by
Alsa
Board's order also
base
basis.
Farwell, Chapman & Co.
supplies
bonds on the following
and
The
in
Automobile
Bowers
Creveling
per
of
submitted for aoproval
United
H.
to Secretary,
of the National
retroactive
are
addition
in
Mr.
Vice-President.
George
Inc.—Wage Increase—
cents
workers
Blyth
1942
fixed
of
year
merchandise,
than
the
Be**win.
1096.
p.,
Motors,
Blair, Bonner & Co
1943
railway—_...
from
Net
—V.
aggregate
an
calendar
/
157,
averaging 8
which
agreement
Blair
of Alabama—Earnings—
Ry.
problems in the mining, petroleum and machine tool
of $5,000 resulting from the sale in any one
^industries.
:;/ /%//:
•
assets and tangible personal property, other
Among other industries being studied under the broadened industr'al
and street- lighting equipment,< .of any
program of Westinghouse Air Brake Co. are those requiring accurate,
subsidiary, which have not been applied within the following calendar
flexible controls involving a sequence of operations/such as agricul¬
year to restoration or the making of permanent additions or improve¬
tural machinery, armament
equipment, automotive, aviation, bu Iding
ments, shall be deposited with the trustee;
except that in case of
construction, ceramic, lumberuig, metal working, paper manufacturing
proceeds from other than sale or exchange of the pledged scurities,*//
and plastic.
the corporation may, in lieu of such deposit, under certain conditions
Development work on the new remote pneumatic control systems,
deposit with the trustee lor cancellation bonds of the face amount
supplemented when necessary by the adaptation of pneumatic-hy¬
equal to any unexpended proceeds.
,*
• '
'
draulic and pneumatic-electric controls, is being done by the eng neerThe amounts paid to the trustee shall be applied
to the purchase
ing staff of the company; at Wilmerding.
The new systems will be
of bonds
at
the lowest prices' obtainable -net • exceeding
par.
Any
marketed' by; the 'company's industrial division.—V",' 157, p. 904.
funds received on April 1 or July 1 and not used to purchase bonds
exceeding
and
held
formerly
he
Executive
as
,
Vice-President,
as
non-production
increases
an
Franklin
board reelected
the new
Collins
plant by unanimous decision
writers.
Folger has been assistant to the First ViceDepartment, at New York.
Mr. Davies, with
January 1—
from
'
proceeds of fire or war risk ihsurance, all proceeds
the sale or exchange of the pledged securities, and all
(3) All
from
at
oper.
From
Net
after deducting
„
is
company
railway-/.;.r
from
Net
pay
respectively.
1,
Assis¬
as
Barnettr Vice-President.
_
Mr.
Febru a ry—;
a
equal to the difference between interest at 2V*% on $493,000 and the
interest actually
paid or set aside for payment on the outstanding
bonds for
the semi-annual interest period ending on the
preceding;
January
of
Department
''■ %>:/%!,
Gross
to the trustee on or before April 1
October 1-of each year, beginning, with April 1.-1944, an amount
(2) Corporation
B.- D.
years,
Commercial
the
of
Commercial
Western
/
fund payment described in (a)
"above for such preceding calendar year./ Such payments shall be
made in quarterly installments beginning with April 1, 1944.
such
from
in
Jr.,
G.
meeting
Secretary.—V.
as
Allen
Holder, Jacob
L. Holtzmann, Russell B.
Baird. Edward C. Bowers (Presi¬
(Executive Vice-President).
The last three
Rollans
position
Charles
arc
David
board.
old
Mr.
increase
the
Ohio,
of
,,
^
/Davies and R. Carlisle; Folger
D. C., will be in charge
of operation and personnel and will serve as liaison with the various
Governmental departments;—V. 157, p. 1095.
the redemp-,,
the
meeting on
Perry
Collins
I,
and
a
wage
to
18,219
Appoint¬
Inc.—New
Co.,
Telegraph
,
headquarters
shall pay to the trustee an
consolidated net earnings for the pre¬
the
of
25%
to
.
Union
Vice-Presidents
For
>*
In
$13,425,819
293,796
544,233
E.
Terry,
Willys-Overland
bile
1,083,392
Gross
equal
.amount
<'34,536
oper.
President,
purchase—ill Corporation
(b» For
v
76,125
announced by
June T and'Dec. 1 each year,
shall pay to the trustee $12,000
or
338,242
Appointment of /Charles; E.
.
of
reserves
investment bankers, was instru¬
directors of the Wick wire Spencer
March 26.
Co.,
&
board
new
G.
Dean
Berwin
11
to
89,220
•
' <*
/•
1940
$1,311,999
259,183
$1,006,573
571,008
railway—2,034.383
tant
the redemption and purchase.of
for
before
the corporation
redemption—On
^
"
,
Fund—A sinking fund
provided as-follows*.
.
(aI For
:
this option.
exercise of
the
1941
•.
$2,204,664
ments— t'.J
,•
all of which are held by United Gas-Improvement Co., which
granted the corporation an Option to purchase all of said out¬
standing bonds exercisable on or before May 15, 1943. for the sum of
$345,100 with interest from Jan. .1, 1943.
The estimated net proceeds
resulting from the sale ox the bonds oxiereu nereunuer will be applied
Sinking
1942
n
.
990,414
Western
bonds,
to
Mr.
office
2,223,690
,
has
bonds
Treasurer,
v
income-/ 1,005.815
"Deficit.—Vr 157,: p/ 904.
fund >,
sinking
1943
t
plant
board of
stockholders'
were
The
of .collateral
•
the
Carl
the
elected
also
2,757,080
from
$493,000
6%
'
,
157,
4,435,084
ry.
At present the corpora¬
outstanding. $493,000
1942/—V.
'
28,
$2,836,933
.railway//;-
from
Net
be $345,100.
will
expenses;
Feb.
,5.735.511
v.", 50,000 shs.
t
;
ended
incDme-U-'^'-'i; 490.891
oper.
Net
;L.y.,/
LLLUL-L--"./,
part
rv;
Gross
48,500 shs.
50,000.shs.
48,500 shs.
Purpose—The estimated proceeds from the sale of $493,000 collateral
trust
5'!
10-year sinking fund bonds, after deducting underwriting
A
Class
months
two
From January
;
.
.
$493,000
stock
Class
the
for
February—
:
- %
from-railway!.--_
from railway_LU_
Net
Outstanding
•'\%
1943, $93,883
1000. \
Net
t
Proposed Financing
'
•
bonus
lund
•
5%•
trust
.
Authorized
_
f
Collateral
of
Completion
Upon
Capitalization
•
include account amortization of defense
month of February, 1943, $49,497 for the
$107,560 for the two months ended Feb.
the
for
February^-1942,
of
Gross
„' s
,
i. (6t inactive—American Street Illuminating Co. and Welsbach. Street %
Lighting Co. of America; (Illinois). , , - -a
.--•*>* V
Ozone—Ozone
.'
,
Western Pacific RR.—-Earnings—
■
.
"
(4i.Manufacture-—KitSoii C6.
(5)
$85,280
projects,
28,
•• •••
•
JUL
income
Net
month
of Arner-
'
,
signals^Welsbach'Traffic-Signal Co.
(3) Traffic
v"
construction—^-Welsbach Street Lighting Co.
Electrical
.
charges
% Note^—Operating" expenses
Street
(Del.),
lighting'Co. and .Welsbach Street'fighting Co. of America
,.
and
Allen
new
a
Coburn,
President
The
(
the Welsbach group,
are as lohows:
comprising
classified according to.their principal businesses,
subsidiaries
of
G.
members of
A
•
Fixed
general
194i.»
stockholders'
the
Charles
After
29,010
$726,623
-i. Gross- .incomel/LLL
the group has. a trained staff to furnish such special-*,
Subsidiaries—The eight
•
Drl5,088
$690,373
inc.
.
as
Members
Frederick
were
by
electing
at
..
services* the management plans to develop business in this field.
keel
Co.
Stearns,
$929,760
D/T5.109
headed
in
dent!,
$677,398
,
—
in
Control—
group
Steel
L 500,000
/,
Philadelphia.
1
,/ Net ry. oper;
that after the war there will be a definite %/ Other 'ihcoide
municipalities and other public authorities for engineering
by
./systems, and
'
•L
A
mental
as
managment services in connection with .the expansion, improve-.
ment
and
operation
of
their
electric generating
and distribution
.
exps.LL
L/
Taxes
and
r
44,889
The management believes
demand
•
44,547
>
Mid-
and
employed
group
York and
New
t
1942,
907,404
operations
General expenses
approximately 660 persons.
Corporation ? maintains offices, in Philadelphia, and', certain of the
subsidiaries maintain offices in Baltimore, Boston, Chicago, Cincinnati,
31,
Dec.
At
397,420
1.092,399
;/_/
and
$i4,joO,20J
New
$4,017,069
544,103
451,848
Misc.
of 91,349
aggregate
an
Middle
England,
Slates!
Western
servicing
was
New
$5,768,655
185,233
533.532
Transportation
lamps in»four communities and 67,627 gas street lamps
communities
30
$1,927,682
272.827
expenses
depreciation
and
1943—2 Mos.—1942
$2,802,827
equipment—-J %
of
Traffic
of,' and managing, eight subsidiaries.
The group
is the putgrowth of a development in street illumination which began
approximately 65 years ago.
Its street lighting business, stemmed
from pioneers which are now included in the group.
'/.
in
1943—Month—1942
revenues-/—
Maint.
owning all the stock
electric street
Period End. Feb. 28—
Operating
•'
managing
♦Less
-Earnings-
1942
/,!
Maint. of way and struct.
interest
any
on
;
.
and
holding
a
part
or
,
,
1279
1,515,852
885,483
4,593,163
11,432,462
,1,808.680
385,433
4,593.163
11,432.462
668,992
Net
after
fixed
(Includes
defense
amort,
Total
since May
1,
——
1937
——____
-
1—— $22,092,411 $20,198,312
of
projects:
Road
$2,697
Equip,
(in
normal
Road
prop,
"'Does
Earned surplus,
chgs.„
not
not
excess
23,337
deprec.—_
include
being paid
$5,394
of
deprec.)
interest
$10,993
26,154
currently.—-V. .157,
56,674
$21,986
52,248
being
accrued
p.
904.
on
corporate
books
but
Worcester Salt Co.—Sale of
The
sold
FINANCIAL CHRONICLE
THE COMMERCIAL 8c
1280
the
to
Liabilities—
Plant, Etc.—
6%
N. Y., on March 18 was
of Chicago for a reported purchase price
Morton
Salt
Co.
"■'•v
stock
($10
par)——
established 50 years
ago and has been in continuous operation since.
The plant will con¬
tinue operation,
it is announced.
Every Worcester shareholder will
receive $121.42 for each $100 share held,
it was stated.—V. 151, p.
Promissory notes payable
3413.
cash.
$2,400,000
The Worcester company
Serial
was
pfd.
stocks of subs, consolidated-
Funded debt
of
debt
Funded
Electric
Wisconson
of
subsidiaries
6.6,200,000
25,010,000
one
140,000
Accounts
824,484
855,59^
Other
517,340
303,635
7,342,500
— -—.
Co.
Power
.
consolidated-;!.—
within
25,500,000
80,000
26,609,280
———
Accounts payable
of
year.—
——_
Payrolls accrued———————
(& Subs.)—Earnings—
Electric Power Co.
Wisconsin
1942
Years Ended Dec. 31—
Operating
revenues
Purchased
power
repairs
Provision
for doubtful
Provision
for
Commercial expenses
Administrative
Other
and
operating
-
—-
—„
accounts.—_
casualties
and
—-
—
——-—
—
Taxes other than income taxes..
Federal normal and surtax.—
Dividends
Amount
ing
1,324,056
Due
7,257,207
normal,
surtax
and
excess
3,872,944
Other
3,757,012
Bank
^ >'<' • t
477,868}
'
declared
and
4,776,246
940,027
141,678
___—
141,678
372,777
378,966
—
—
current
loans
and
current
cos.—on
accrued
L
J
105,442
account—
liabilities
—
200,331
3,269
taxes
Provision
profits taxes——-
—
•
———
—
443,503
—
—
——
378,783
240,000
$7,845,366
revenues
income
521,681
578,374
$8,367,048
Deductions
from
gross
income—
Net
income
Common
Earnings
♦After
!———
—:
dividends
.
per
'
'
-'-i
and plant
Investments
and
on
i:J
■
from others.
$0.50
1941
$
S.
Treasury
notes,
——.
...—...
Deposits for payment of matured interest, and
other deposits
;
.
•
Accounts
Other
receivable
sidiary
—,
interest
receivable
company
on
of
operating
Taxes
other
2,275,000
Federal
1,256,257
3,385,859
Net
51,886
Deferred
Total
charges
—
—
——
—
Preferred
Common
Gross
—
70,714
2,650
5,859,383
3,334
5,374,505
6,920,994
7,264,177
184,919
199,401
198,716
625,385
—
income
taxes
Est.
no
190,866
depreciation
605,353
560,499
$1,185,634
($100
4,271
*
—_
>
Fed.
2 % 'k
on
"After
$1,216,056
gross
income
493,742
—
i'i':■'iV'v';'• c'
'—1—
dividends
508,498
—' T—
,
_
———————
180,029
180,028
455,000
450,000
—
s
,
/*
,
228,338
228,697
.r—46,734
54,031
other
and
accrued—
taxes
and
current
by
accrued
for
—
—
——I
—
156,
Goldman, Sachs & Co.
Lazard Freres & Co.
to
holders
Feb.
1,
of
last,
on
and
in
current payment,
dividend of $1.75
a
the V.v. cumul.
record
April
each
15.
quarter
similar
during
April 2, 1943.
stock, payable May 1
distribution
1942.
was
Arrearages,
made
after
on
the
will amount to $38,50 per share.—V. 150, p. 1336.
Wyatt Metal & Boiler Works—75-Cent Dividend—
A
par
dividend
$20,
of
75
April
on
with 50 cents
cents
1
to
per
share
holders
of
was
record
paid
on
March
the
15.
common
This
stock,
compares
share paid on April 1, last year.
Payments in 1941
were
as
follows: April 1, 40 cents; July 1, 80 cents; Oct. 1, $1.20;
and Dec. 2'2, $2.60.—V. 155, p. 2016.
per
Yazoo
&
Mississippi
February—
from railway. —
Gross
Valley
RR.—Earnings-
1.943
1.942
v
1941
1940
$2,761,141
$2,229,865
$959,192
$1,244,167
976,968
1,103,470
102,537
432,053
411.069
881,382
♦111.237
232,209
railway—..
6,095.939
4,275.871
2,262,140
2,429.261
railway—
2,403.717
1.914.419
501.210
716.007
ry. oper. income...
1,126.313
"Deficit.—V. 157, p. 1096.
1,445,966
76,937
295,838
from
Net
ry.
.
railway
From
oper.
income.—
Gross
Net
January 1—
from
from
Net
of the Prospectus.
I
date of delivery
of the undersigned as may legally
Halsey, Stuart & Co. Inc.
The First Boston Corporation
Glore, Forgan & Co.
Kidder, Peabody & Co.
Harriman Ripley & Co.
Incorporated
Smith, Barney & Co.
per share on account
1st preferred
A
with the securities laws of the respective States•
Lee Higginson Corporation
604,093
422,444
Wood, Alexander & James, Ltd.—Accrued Dividend—
The directors have declared
of accumulations
Incorporated
Blyth & Co., Inc.
4,503,100
$31,161,618 $30,834,468
,
Lehman Brothers
Stone & Webster and Blodget
;
42,942
1960.
p.
Bonds, 4%% Series due December 1,1972
Bonds in compliance
,
1939—_
Price 104^%
these
137,633
482,765
;
1
—
4,543,927
•
...
Capital surp'us
Total
38,026
of
140,226
Earned surplus from Oct. 1,
—V.
construction
Puget Sound Power & Light Company
offer
35,361
liabilties^..^--.i -49,857
customers
.
-
Copies of the Prospectus are obtainable from only such
40,194
1,139
offering of these Bonds for sale, or as an offer to buy, or as a
Plus accrued interest from December 1,1942, to
41,175
—
$52,000,000
First Mortgage
;
....
—_
surety deposits....
account
Other
such Bonds. The offer is made only by means
.
29,282
210,273
530,695
198,476
profits taxes
Due to parent and affiliated companies on cur¬
deducting debt retirement credit of $42,363.
offer to buy, any of
31,511
exc.
Customers' line extension advances——
$707,559
w
172,435
284,864
■
477,868
surtax and
-
$696,163
—
promissory notes..80,000
———————
normal,
Interest accrued
Net
from
506,080
750,226
$4,000,000
6,000,000
13,700,000
140,000
$4,000,000
—
__13,500,000
36,730
$1,189,905
—
par>
($20 par)....7,000,000
accrued
Customers'
$1,179,327
—
:
57,559
66,434
—
circumstances to be construed as an
an
stock
stock
State income
339,829
"381,269
———
taxes..._
Preferred dividends
Common
solicitation of
ISSUE
:
"
730,538
:
Accounts payable
605,399
362,910
1
taxes——
680,102
616,687
...
_.
surtax.
income
Net income
222,542,931 223,390,485
This is under
NEW
:%•••
-
8,379
408,326
supplies..———..—
debt
Installment
1,149
9,564
154,965
operating revenues
Deductions
117,304
i.
L——
.
9,459
25,782
J—
...
profits
10,470
501,150
13.490
receivable—.——
and
■
15,210
351,238
—
$31,161,618 $30,834,468
Funded
210,717
Non-operating revenues——,——..—.
97,000
88,000
not consolidated-—.
supplies——
for
241,568
2,804,934
49,636
124.099
general expenses
and
'■
interest,' and
—
trade.—
Total
sub¬
Subsidiary companies not consolidated
Other affiliated companies—
and
excess
State income
Amounts receivable on current accounts—
Materials
normal
757,496
-Liabilities—
113,723
255,685
—
accounts.
expenses
than
Federal
Provision
■
bonds
Other
557,165
—
receivable————
accounts
Accrued
and
28,119,052
———
45.246
insurance——
Administrative
3,92~5~,148
$4,456,468
179,496
repairs—
expenses
62,300
550,840
.
'
Reserves
1941
$4,713,706
doubtful
and
Commercial
$
-m
for
Provision
Casualties
31
and
—
accounts
Materials
61,538
banks——————-——:
payment of matured
receivable,
Contributions
.
from parent company—
power
230,783
——
tax series.—
Other U. S. Government securities
U.
,
1942
power
26,374,770
606,200
3,435,190
serial promissory notes-
banks
i
Operating revenues :
175,495,922 171,325,986
:————
hand and in
•
Purchased
'*''*■•;i*
■£''
l
-
V. ■'
Purchased
Dec.
advances—————-
Fund for retirement of
Cash
v
•
Wisconsin Michigan Power Co.—Earnings—
Maintenance
in
deposits
property
1,119,195
$0.95
: i
2048.
p.
1,512,134
1942
Assets
222,542,931 223,390,485
—
——
156,
$3,082,128
share
Sheet,
Total
1,050,000
*'
Property
,i
deducting debt retirement credit of $336,663.
Balance
.-.other
rent
$4,051,765
1,512,148
1,197,460
—
Consolidated
3,120,133
500,000
—
dividends
3,889,583
825,796
48,271,396
—
Years Ended Dec. 31—
—
———.
surplus
3,020,577
3,815,283
—
Appropriation for contingent losses on invest¬
ment in transportation subsidiary——-—
Preferred
812,208
45,466,847
8,478,940
—V.
------
and
for
$7,152,706
.>
—
————
8,478,940
by customers for constr. of prop.
$6,574,332
'r,'.: vV'
Gross
surplus
Contributions
Reserves
3,092,471
4,269,381
Non-operating
Paid-in
"3,029,969^
618.634
for
hand
on
Payrolls
Earned
Federal excess
State
Cash
1941
$29,030,439 $28,238,367
__
Deposits
941,730
accrued
surety deposits
affil.
r:^• 1942
Investments
Deferred charges
payable to employes under gain shar¬
other
Sheet, Dec, 31
:-Vvi1-/;.1';;,-'v-';::
*
Property and plant
taxes————1,293,059J
plans
to
■
;
—
and other
accrued
Customers'
1,478,121
4,893,386
2,331,010
expenses...
taxes
income
Interest
61,027
1,676,708
1,752,599
9,392,684
—
——
_
general
expenses——
State
13,046
32,173
146,173
—
insurance
Federal
profits
1941
,
$38,417,765 $29,307,375
114,518
220,124
1,762,641
2,209,558
i
-i.—:—,—
and
Maintenance
Estimated
Assets—*
4,500,000
26,209,800
26,609,280
7,342,500
67,000,000
' 4,500,000
26,209,800
preferred stock
Common
Balance
^'
(cumulative) ($100 par)—
(cumulative; ($100 par;
pfd. stock
Serial
refinery at Silver Springs,
company's
Monday, April 5, 1943
Mellon Securities Corporation
Union Securities
Corporation
@FedFRASER