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fWNWICAL
*SfflSI(AL libka<»
v#Mica,.
'V'1
**■*,
INANCIAL
Reg. U. S. Pat. Office
Number 4583
165
rolume
New
York, N. Y., Monday, April 7, 1947
Price 75 Cents
Copy
a
General Corporation and Investment News
RAILROAD
Akron Canton & Youngstown
-
1946
$397,084
>
,
291,375
income—
28,643
.
141,325
-
163,048
•;
134,763
From Jan.
et
*t
855,083
from
ross
opcr.
ry.
totaled
1,441
for
shares, while the
trust companies, insurance
remaining 1,003,025 shares.
the
holders in the latter group is
unknown.
856,809
CONSOLIDATED INCOME ACCOUNT FOR
275,130
Preferred
payable and accrued expenses
dividends payable
Common
dividends
^
-
\
y
CALENDAR
YEARS
;
y
-
.
V. 165, p. 1309.
Algoma Steel Corp., Led.—Calls 5% Bonds^series
bonds,
have been called for payment; on May 1, next,
Payment will be made at any branch of The
A,
interest.
and
101
t
,
y' ('
sales
$14,300,195
—
$5,897,303,
|
'
■
'
,
March
without
24
Approximately
settlement.
a
6,500 produc¬
and
<
duction loss.—V.
165, p. 333.
,
♦Includes
342,351
on
5,160,000
♦9,8.70,000
income—
emerg'cy facilities
82,165
8,828,983
13,341,614
2,886,331
2,886,331
7,421,994
7,421.994
$4.23
——————
$2.40
profits tax of $1,429,400, applicable to the subsidiary
contracts,
organized
to
fulfill
U.
S.
Government
war
to
-
prior
$402,165,
years,
7''
V
less
■
,
related
CONSOLIDATED. BALANCE
'
-•. '
-,v
.tax
reductions,
amortization
aggregated
Alton RR.-
-Earnings—;-'v;
February—t
railway
from railway
DEC.
Met
Net
ry.
436,735
—
961,667
1,129,800
493,291
Inven. of
raw
5,957,254
2,144,728
913,774
Miscellaneous stocks
119,129
182,691
377,199
4,766,021
5,731,220
912,751
1,681,229
354,950
588,839
Cash
ry.
-V.
990,597
income—i
oper.
165,
*
235,555
1310.
p.
&
'
war
tEstimated
contra
per
bills
&
American Can
1946, the highest for
any year except 1941, and net income after taxes of $8,828,983, equal
after
preferred
dividends
to
$2.40
a
share on 2,473,998
common
hares outstanding,
according to the annual report mailed to stocklolders on Feb. 15. - *-v; .4
''44.;/•■*•;
The sales figure was virtually unaffected by the inflationary trend
)f the
times, D. W. Figgis, President, observed, since the company's
prices on metal containers were frozen throughout the year by OPA
:eilings and by term contracts.
The gain of 6.5% over 1945, he said,
represented an actual increase in units of production and sales.
Earnings, while exceeding ~ mid-year estimates by a considerable
margin, were lower than the 1945 net after taxes of $13,341,614, or
net
1946
$636,000
and
heretofore; the consolidated balance sheet Includes assets
liabilities
and
incident
$15,550,000
the
at
at
to
were
Dec.
"official"
rates
after
translation
exchange
into
Canadian
S.
U.
assets
1946,
dollars
per
dollar.
31, 1941.
Dec.
'
1941,
of
aggregated approximately
at
operations in Canada. > Net current
approximately $15,600,000 at Dec. 31,
31,
Such
rates of exchange were $1 at Dec. 31, 1946, and $90.50 cents
Fixed assets and other non-current assets in Canada
"official"
at Dec.
31,
''
1945.—V.
'
••
165,
/v."'
$10,025,000 at, Dec.
!
1062.
p.
V'*:
*
/-
31,
1946,
and $8,850,000
V
.
?
'
'
•
.%
*
American Gas & Electric Co. (& Subs.}—Earnings—
ytVPeriod End. Jan. 31^
• * 1947—Month—1946
1947—12 Mos.—1946
,
tSubsidiaries
Consolidated
Operating
Fed.
Other
Fed.
56,742,716
taxes
8,425,332
13,562,247
13,200,498
12,447,565
♦7,919,485
♦1,857,027
863,150
10,721,428
10,045,350
2,942,392
10,147
28,386,869
461,558
34,262,242
2,952,539
28,848,428
34,523,541
548,983
tax-
559,038
6,625,705
,
Other
238,792
income—
income
"2,791,893
20,684. '
__y
261,238
641,495
243,647
receivable
938,060
—
Operating
2,270,000
131,031
>
Gross
2,270,000
118,638
Int.-
income
funded
on
Special
127,574,422 111,279,632
1,057,217.
>
1,273,085
Total
8,956,272
1,111,256
1,356,892
2,812,578
taxes™
profits
exc.
449,197
1,158,649'
1,237,879
>_
_IJ ;
—y
income
3,063,665
542,785
117,418,672 114,388,962
43,344,289 ' 38,678,965
9,786,554
4,236,8601
.
—1
'
5,463,275
666,175
adjustment of prior yr's. Fed. taxes
Canadian exc. profits taxes
10,966,128
revenue.^.
Depreciation
plant
V,
of
acquis,
Other
int.
Reser.
on
24,936
40,341
39,615
239.239
320,015
416,127
net income_
318,426
♦10,313,265
stocks—
pfd.
on
V
24,940
deduc._
&
*833.323
elec.
adj.—
1
Div.
6,813,144
for
retired
Amortization
225,869,140 231.815.958
debt-
charges
debt
$258,065,461 in
sales of
74,150,229
14,331,397
—
buildings, machinery, equipment, etc.—
Deferred charges to future operations—
Co.—Annual Report—
company had
74,632,955
.—4^'
employed in Canada
20,373,382
(at cost or less)_
tLand,
The
3,300,859
41,233,300
61,849,950
tAfter
NOTE—As
7.-;
51,882,440
fin. prod.
to certain U. S.
proc. &
& bonds
3,632,066
61,849,950
41,233,300
share)
per
225,869,140 231,815,958
" $
19,299,414;
5,750,000
refund of
Post-war
1945
:,t-
12,642,050
applicable
contracts,
accounts
♦Deferred
-
•
matls., work in
$25
■
Operation
Maintenance^
23,436,230
securities, at cost
receivable
bills
receivables
Govt,
from
railwayNet from railway-—4_Net
& Canadian Govt,
and
4,785,160
income
oper.
on
Accounts
From Jan. 1—
Gross
(par value
1945.
and
31
1946
•:
hand and demand deposits in banks—
Cash
U, S.
$3,052,074
5,463,275
10,000,000
5,000,000
5,000,000
tPrincipally under carry-back provision of Internal Revenue
reserve
for depreciation of
$106,646,134 in 1946 and
$100,571,948 in 1945.
1
v
v-
$2,938,670
$2,329,911
./
494,027
$2,301,611
1944
1945
1946
1947
from
stock
surplus
Code.
y
SHEET
ASSETS—
Gross
10,000,000
—
y
(for
depreciation
and
$7,925,372 in 1946 and $7,954,907 in 1945.
'
9,864,448
•After allowance'for doubtful items 'of $475,000 in
in
23,845,404
209,274
_.
NOTE—Provision
'7'
war
excess
'v*.
"
,
169,840
Xt. 237,474
;
-
Earnings- per common share
tApplicable
$320,000." "
fr
I
>■'
An estimated $85,000,000
payroll and production loss was chalked
(up by the 328-day Allis-Chalmers strike, according to company esti¬
mates, including $20,000,000 lost in payrolls, and a $65,000,000 pro¬
gradually.*
dividends
Common
companies
job through the first day after the strike,
the normal pre-strike force of 11,000 is expected to be attained
the
on
were
14,396,297
—d——
taxes
of
dividends
Preferred
„
on
62,720
,
——
Canadian
amortization
61,054
26,922
Net income transferred to earned surplus
,
Allis-Chalmers Mfg. Co.—Strike Ended—
V,328-day strike at the company's West Allis Works ended on ;;
[March 23, when members of Local 248, UAW-CIO, voted to return to
workers
323,959
721,583
1,855,498
5,260,594
income-
on
Total
invest¬
•
taxes
.
—:
for Fed.
tAccelerated
Earned-
2,104,271
Drl4,610
Canadian
18,376,816
721,583
1,855,498
1%%
year
338,296
325,524
contrs.
—-
and exchange—.
retirements, * etc.-
Provis.
The
tion
miscellaneous
TotaLlncome
Plant
———_
(work
of
Interest
profit after charges and taxes-——!—
742,847
206,426
Common shares outstanding
279,600 l!;, 271,200
Earned per share-,
——:——————$2.66$0.76
Sales volume in 1946 was the largest in the company's history,—'
V. 165, p. 201.
1
Net
^
cos. on U. S. Govt,
-
"••
calendar Years—
on
invests. & bills recvble.
on
by sub.
disposal
ments previously reserved for———_
Adjustments applicable to prior years.
Sundry, income
—1'rr-iy.„...y,
.
Industries, Inc.—Earnings-
Allen
& int. reed,
Fees earned
Profit
Canada (except in the Yukon Territory).—
oyal Bank of Canada in
165, p. 1717.
Net
.
Divs.
-
&
;
•
*
accounts
Govt,
Common
Other income:
the outstanding first mortgage convertible 5% ,10-year sinking
All of
ind
.21,279,063
13,734,702
&
21,683,194
payable
payable under certain
contracts, per contra
deben., due Feb. 1, 1951
Reserves for compensation insurance
Reserves for contingencies
7% preferred stock (par value $100 per share)
U. 8.
Ten
sales, after discounts & allowances—— 258.0C5.461 242,351,862!
Cost of goods sold & selling, gen. & adm. exps.
244,330,759 221,072,799
Balance-.,
for Fed.
Advances
1945
Net
146,820
■143,586
Accounts
number of
1946 .</•:
y:'■;:$ ■ ■ ,V.
'
66,551
companies
The
•„y..
747,105
319,058
148,664
LIABILITIES—
stock¬
and;
common
MISCELLANEOUS
-
Reserve
;
616,751
INSURANCE
-
1,470,973
banks,
accounted
beneficial
67.2C5
66,672
v
and
of
brokers
$376,363
;
64,712
56,670 1
1—
railway
from railway—
$419,541 >
INDUSTRIAL
-
each
holdings
1944
194d
:
$295,201
119,786
,uv>
shares
RR.—Earnings—
1947
:
ross from railwayit from railway:
;t ry. oper. income—
February—:
PUBLIC UTILITY
-
254,494
254~494
3,053~933
3,053,933
stks.
1,943,821
2,074,450
18,453,422
12,871,431
14,109,870
10,135,895
.
64.23
a
common
share,
of
because
he pointed out.
Factors of increased
pense,
and
prices
frozen
"
'
r"
,
1
,
;
>
increased
,
of
materials
in
the
for
the
out
that
year
an
might
Without
easily have
all-time
half.'
months
early
efficiency in the factories.
'
of the year prevented full
interruption the sales total
reached a new high, he said,
record
production
!';v
this
was
pointing
established in the second
4:
The company's capital expenditures for 1946
amounted to $24,584,528,
compared
with $10,383,493 in 1945.
This increase, Mr. Figgis said,',
reflected
substantial
progress—as
a
result of the improvement in
availability of materials for building and machinery—in important
replacements and expansion of equipment and facilities which had
not been possible
during the war years. "
It is planned to
spend approximately $25,000,000 during 1947.
;
There is every indication that barring work stoppages which would
reduce* the total
of
available
materials,
Mr. Figgis continued, the ',
.
company's
this
sales
should
reach
a
new
high
point during 1947.
Facing
demand for its products, he; said, the
company ended the year 1946 with the lowest inventory in six years,
amounting to $51,882,440, compared with $56,742,716 in 1945.
"Demands for production during the coming year will delay the
replenishing of inventory," stockholders were told, "but, as it becomes
possible to bring
the inventories to more normal proportions,
the
combined effect of increased tonnage and increased price will have
its influence on the
company's cash position,"
'
probable
new
high (in
......
Current
assets
as
of
864,189,851, compared
$15,738,713.
Dec.
with
,
31, 1946 exceeded current liabilities by
$79,928,564 at Dec. 31, 1945, a decrease
DI
The
Dec.
each
t$9ue
Stock and Bond
of
(Stocks)—r——17
Stock Exchange (Bonds)
28
New York
37
37
Exchange
Stock
Baltimore
Stock Exchange
Boston
Cincinnati Stock Exchange
Detroit
Los
39
—39
Stock Exchange
Cleveland
Exchange
Stock
:—39
40
40
Angeles Stock Exchange
Philadelphia
Pittsburgh
Stock
Exchange
Exchange—
Stock
San
Francisco Stock Exchange—
Stock
Montreal
Curb
Montreal
Exchange——
Toronto Stock Exchange
Stock
28
28
and Bond Averages
was owned by 5,564 preferred stockholders of record
1946, whose holdings of 412,333 shares averaged 74 shares
by 28,018 common stockholders of record Oct. 24, 1946.
The
and
holdings
of
the
26,577
individual
common
stockholders averaged 55
Notices
JERSEY
Municipal Bonds
MUNICIPAL
c
DEPARTMENT
Allen
& Company
Established
30 BROAD STREET
•
HAnover
2-2600
1922
N. Y.
Bell Teletype* NY 1-573
NEW YORK 4,
..
67,585
10,955,019
380.210
1,244,956
4,418
32,592
52,171
2,297,595
''
'
1,663-d
,
2,305
inc.
co.
undistri.
of
14,924,711
of
net
subs
2,013,711
19,718,902
15,034,547
25,811
28,577
344,733
41,666
83,441
607,4.07
320,552
1,010.303
30,763
727,033
687,555
140,767
$1,154,559
1,689,203
2,014,044 1 16,885,168
11,326,921
misc.
&
Federal
-
deducs.
income
on
Bal.
•
pfd.
earn.
♦Adjusted
taxe3
stock—.
com.
to
-
stk.
show
y
the
60~6l7
.1,886,215
amount
of
"
tax
reduction
applicable
to
Clearings——_—
Dividends Declared and Payable
The Course of Bank
periods.
These non-recurring tax reductions arose out of
the accelerated depreciation of war emergency facilities and the retire¬
ment of funded debt, but amounts equal to the
tax reduction have
been included in "reservation of net income" and "special charges for
retired."
sold
fAdjusted
as
of
—V.
165,
p.
1718
to
exclude
The
Scranton
Electric
Co..
April 30,
days from July 1,
•
,
Trading Markets in
48
47
48
Over the Counter Securities
Troster, Currie & Summers
48
Members New
Condition Statement of Member Banks of
Federal
Auction
Reserve
Sales
System
4-'
'J
.!
74
1!:!.—_____48
—
——-48
_
sub¬
1946.
flncludes $30,600 paid for eleven
1946 to July 12, 1946 on 204,UoO shares redeemed.
,
<"y ■
.vr".
48
Rates
Combined Condition Statement of
Federal Reserve Banks
Foreign Exchange
the
respective
—57
Bond Offerings—
Redemption Calls and Sinking Fund
SPECIALIST IN
as
68,188
General Corporation & Investment News.Cover
State and City
FLORIDA & NEW
2,782,400
.;
Int.
sidiary
Miscellaneous Features y;
4,3G1,387
Gen. tax33 & exps., net
debt
company
18,
2,223,325
&,
'
46 ;
28 ;
Transactions New York Curb Exchange
46,864
consol._
par.
&
inc.
Divs.
45
,
2,735,536
37,836
30, 1946
income
Tot.
v
Over-the-Counter Markets
Transactions New York Stock Exchange
Gas
sub. sold
Other
4,343,551
148,874
Co.:
subs.
April
2,074,450
of
1,943,821
Amer.
From
v
2,735,536
above
From
Toronto Stock Exchange—Curb Section
—
inc.
Electric
42
43
Exchange
of
4,343,551
1,943,821
net
Total
Inc.
2,074,450
income
omitted
subs,
v
y
1,943,821
Co.—
net
Undistrib.
•
inc.
Console
above
as
v
—40 y
41 ;
42
St. Louis Stock Exchange--.
net
Subs.
Undistrib.
38
--38
Chicago Stock Exchange
stocks
com
Amer. Gas & Elec.
33
Exchange
on
Undistrib.
Quotations
New York Stock Exchange
New York Curb
earn. com.
Divid.
Paffc
expense he said, included higher cost of labor,
supplies and services and the fact that work stoppages and interrupted
flow
ThU
In
Bal.
ex¬
'
'
.
York Security Dealers Association
Trinity Place, New York 6, N. Y.
Telephone HAnover 2-2400
Teletype NY 1-376-377
private Wires to Buffalo Cleveland Detroit Pittsburgh
St. Louis
*■
i',;
(1858)
Co.
Colortype
American
Registration Statement
-
19
SSiyiams»A!
Profit
wi.th SI^C
•
iThe
'.
the
registration statement with
filed a
31
March
cn
comnanv
7,026,080
i.613,493
assets ,and in
'736,160
Dr20,789
8,285,405
3,050,127
500,000
7,364,921
2,825,000
vestments, etc.
etc
U..S. and Cuban income taxes—
Profit before income taxes,
general
geju^
- «**»«»«
Provision for
Provision
contingencies
for
profit
Operating
54,764,293
—
—
'Dividends and interest
consolidated herein
subsidiaries not
irom
v
Other
income
'703,651
180,602
258,719
dividends and interest—---——i-
Other
——-
....
notes.
President,
elected
who continue, as Chair
and
year
1
an^
Sellersville, Pa. plant, has been
on
Dividends declared
factory'
p282 y'
on
surplus,
Increased
Capitalization
—
17,345,856
3,114,993
899,998
13,330,865
$3.60
31
Dec.
$3.17
share———-—-
—
"
New Director Elected—
Impressed
end
the
since
-
M. Hermann, President, as a
the annual meeting, authorized preferred stock was increased
.
U.
of Trade
firm
2,550,000
632,650
assets
(
IF
Deferred
charges
I
Total
QUARTER ENDED FEB. 28
Reserve
1947
Net
———
1946
$6,825,900
—
$3,311,404
Reserve
for
"■Pension
Acquires Chlorine Concern—
1
Sundry
position in the
Chlorine Solu¬
tions, Inc., of Los Angeles, Calif., and Waco, Texas, according to
Grover M.
Hermann, President.
The California plant covers three
that
and
used
names
in
Texas
distribution
Present
by
live
income
security
war
fund
>
.i
contingencies
Solutions
in
the
home
———
stock
45,000,000
45,000,000
45,000,000
—
13,826,152
13,330,865
($100 par value)
-
Total
"■The
pensiop fund and
reserve have been
established
>
•t
company reserves the right co make the fund and
for other corporate
purposes at any time.
fThe
and
southern
states
will
take
of bleach from both plants
advertising and merchandising
in these areas in an effort to augment the $1,000,000 sales recorded
by Chlorine Solutions last year."
The company is also reported to be planning a $500,000
expansion
of its Pacific Northwest facilities through enlargement of its Seattle,
Wash, plant and erection of a new resin-producing plant near Van¬
couver, B. C. Ground for the Vancouver plant already has been broken,
it was said.—V. 165,
p. 1582.
months.
some
We
will
every
expand
The company cn Mar. 31 filed
unspecified
amounts
of
ounce
our
ond
V,v
purchase warrants
.
of
be
$1
income
capital stock.
par
issued
debentures
to
and
other
corporate
Election
,
March
of
its Casein
ceeds Dr.
who
officers
of
R.
of
purposes.—V.
1G5, p.
corporation
division,
W. Harris, Vice-President
officers
333.
the board
of
John
are
A.
E.
Opp,
are
Mr.
announced
was
named
was
of
of
the
Co.
on
and President
President.
He
^
addition
to Dr.
Harris
and Mr.
Chemical Corp.—New V.-Pres.—
for
ination
1946
that
the
of
while
the
present
company
was
opposed
as a pacetime measure,
wartime
control
sugar
callse sUbstantial Pi'lce increases and
«upplies
Prompt
action
is
necessary,
14.10%
,r^ «r00m ^nd b^st"
Mr.
the
to
the
following
sudden
program
elim-
would
un-
&
program
in
the
more
fMel'S'ramtS38"
sugar
interest:
in
1947
provide
than
will
located
in
the
American
ttr^te. for
to
through
define
and
British
Zones
Germany is $12.—V.
of
165,
the
4%
prtferi'ed
compares
the common for
1945.
4
in
nnrthfn
n
point
any
in
th»
with
a
net
of
$4,539 921
repf? d1sploses that 1946
sales, was the
unit
cigarette
sales volume, both
largest
d".^ cban?e °f
revenue
\axS t0
in
corporations,
as compared with
$1,602,188 in 1945.
Net iScome
ations, however, fell to $1,679,8G3 in
1946, as
or
proved
Net
was
from
maCtacrial0cosSa11 V°Utme' lrre»ular
$317
a
9s.11 a
to
be
income
an
of
$2 389 4Rfi
refinmi n'^?'
against $2 398 —
intarocf
:
$5.96 in
Consolidated
a
EarninSS
due
1946
as
85,000,000-"37,000,000
—
1
in
11,532,119
790,496
1^52,873
27,988,593
—
Augi 1, 1951
riWAiinHn
2*
1,152,873
26,403,175
l.OJo.o^u
1,392,345
6,145,000
956,544
772,557
.
nnr
„01
„
84,507,000
91,591,000
8],781,Ou
-
—
105,154
.
7PR.172
fifX
YUrroi*
ia4
105,154
'
—-
Amanlnnn
y0T,0
which
^
sale
unit
volume
28%
adffihionni
$3.69 in
tobacco
and
tional
shares
sllares of
tkx
on
sugar
The
the
has
become
effective
shares »'
common
they
are
Stockholders
of the
therefore
contemplating the
stock B
and
The
hoS'o?
each
This
stock
B
toshai^
fftrrafV.^,.
cn
'
b
April 2
mstituted
to^
be
—j.u
j.ci.i..
re.c0^f f^cub!
approved issuance of
896,404
.
issuance
Morgan Stanley & Co.
.
ATkjng
needed^
tj1&
doubieq•
according to a statement by Vincent Rig?i°. E
told that Tirst: quarter 'sales and profits w
.,
hea(j
s
.,
ikfc.
,
.
tw
redJ^raX
changes^so
g
common
™
a
paf
Slyt.yote<i
°* ^00 each.
;
' *
,
t0 cancel 260,148 shares of the 7% preferred
.
*
A{>
ore
S""
"
of
rendered for conversion into common
Se.L.,^dlf.tonL.I'resid™t, told
n™
IS
.?
„ar
additional
stockholders on March 25 voted overwhelmingly to
authorized capital stock of the
company in a recapitalization P
By a vote of 847,773 to
1,901, the stockholders voted
the authorized
7% cumulative preferred stock will totaV.99»852
sub-
l!a,e
Sen'I "
ulel1
"flatn ^
hiiftw11thia year has
but that
prospects for
...
wm
stock.
e-tor5
that__ttie_
»hcut J «
though it hopes to cmt
stockholders^
P011^ '» 'he future,
■
abiv
i
with
of
American Woolen Co.—Votes to Reduce Shares-
'
oeen
B
,
out
added,
,.i I
stock
common
were
all
amoliSti''
arid
similar period last
year according to preliminary fl£ur
disclosed by Paul M.
Hahn, Vice-President.
He also, tannouncea
beginning witli this quarter's results the company will P'-bUsh
statements of sales and
earnings. «The company makes LUCKy;
cigarettes.—V.
i65, p. 1582.
-
C.°mmon
include^! irf'the
'
blicntinn
stockholders
past five years,
chief
Ywhfnh"1!6116 covef^s >he addi-
outstandhig
to Additional Stock—
stock
April
shares of common B stock for
the above purpose.
The new stock
financing will be used to secure
capital fov greatly
expanded sales volume which has
common
points
cn
The
and
common
?L°?-^-Imu» ?' B™ share'for
and coimnon
stock
SK& 89n6'f00
of
rv
fo?f 1941& an^sfates"I^the ^nini^n
SliaiSSWWW
stock
Stock
-
1945.
is
1946 and
2, 1947, have been, given the rlSnt
scribe, on or before April 21, 1947, for common stock B, of
value, to the extent of one share for'each five shares of c
stock and common
stock E held.
The subscription price is 901 /*
as compared with
common
Vincent Riggio, President,
great®.'6XPanded
capital,
ofndsuehle h°f add?ti0nal
the
on
leaf
e c?mPanys
th
of
greater
common
cloAe of business
history.
by $206
483,509,488
$24,108,003
' v 552,528,9 18
B stock.-
common
Holders of
dollars
$401'013'548'as c~
comparable figure
increase mS'fhthiS
and
to
(Dr).
tRepresented by 93,713 shares of common stock ana *00,
StMk aBd WiU d° S° " eaI "g
fceen
of
-L.
vei-y favorable so far for
werd not wholly clear
H0^oerv%bthis year e
1947
e_s ana earnings durins the first auarter of
k
— earnings during the first quarter of this
4g
^945
^mewhat better than during the corresponding
"sHi]evArma^d for
2,987,511
54,099,431
552,528,918 483,509,488
taxes
Rights to Subscribe
dollar sales
a?d approximately
compared with
c^nsoMaL^nel0^0.1^^
years over the
company's
^as $29,886,557,
per share
,0
that
the
Of this increase in
portion of
inventories, of
operatipn^and Lcrfse
of the processing:
,
3,491,344
After reserve for
depreciation of $24,660,057 in
1945.
period
,
18,694,499
54,099,431
pfd. stock for quarter ended Dec. 31
bonds maturing
income
shares of
total'sales from'a tax-free basis
^ AVmCd Services> to domestic sales car/ytng inteS
*=
-
in
in
to $764,167,590, exceeding
°697°nidfiatw ^Jncre .for 1946
I c'S
B stock were
an
,<>>>*,ui
showing
depreciation
.nD«m.e„Stte ta?es' exclush-e
2,185,072
2,257,532
22,583,276
—
_
dividends
year's consolidated
after taxes and
Cuban
1,317,561
2,291,288
■
4.1
Total
1718.
Tobacco
dLe^.nnH1(f0Siat bilheLaVselagf, pricas'
nhfHng
developments and trade
company s Cuban subsidiaries
last
429,000
Inc.
' '•
■'
—
tTreasury stock, at cost
Occupation.
from
p.
«h*letter; .stockholders
Pa„d rcsenS t
itn?nvi!n factor
Irapoitant / f
on
2,266,046
438,000
excess
———
■■■'
Deferred
Co., Inc. — Had Record Volume
m 1946—Plans to
offer additional shares to
stock¬
holders—
included
industry in the
on
in
——
accrued
*
American
in
^ "°PS and lts plans
colurols» legislation, Cuban
This
not
amounts
Advertising and other accrued expenses———
Debentures to be red. in 1947 through sinking
fund operations, estimated (contra)
Accounts payable to unconsolidated subsid. cos.
3% .debentures:
20-year, due April 15, 1962 (non current)—25-year, due Oct. 15, 1969 (non current)—
Telegraph Co.—Opens Over¬
three-minute conversation
a
the
1946
end;
of the
company's operations, the report
the major problems
facing the entire sugar
contingencies.
the Orient,
of
5,869,817
2,266,046
Mortgages, note receivable, insur. deposits, -etc.
"'Real estate, machinery/fixtures, etc.——
Prepaid expenses and deferred charges———
Brands, trade marks, patents, goodwill, etc.—
TV/Tin
He urged the Government
public
delay the date when controls
agreements111
at
5,869,817
;
——
Provision for
Telephone Service to German Public in American
seas
$19
Covering all phases
survey of
investments,
cost
Co.
LIABILITIES-
'and British Zones—
a scramble for available
'continue''pric77nd"^tio7iW"conTrol
without
announce
annual
Government
the
public with substantially
"its promise;
with
of
v
■
————-
Notes payable to banks
Accounts payable
for the
company,
Inc
—:
Total
95.664,000 kwh. an increase of
output of 83,854,000 kwh. for the corresponding week
165, p. 1722.
ciACrfoSr°li,dated net sales .amounted
Abbott
tifn f°^er!y decontrol program.
adopt
American
fiiiare
.
the
over
1946.—V.
610,080 the comparable
figure for 1945.
volume the larger
part is reported as
contended, to prevent anNation in such as that following the first
skyrocketed and then collapsed because of
World War when prices
a
Other
.
Inc.—Output-
oDr!L°U'Pu °r 29, 1947 totaled
ended March on6 fie.iCr!'riC4.Pir<ipei^es
week
Co.
The American Tobacco
Colfax,
jirice and rationing controls
1947;
engaged
Sales
&
American Sugar Refining
Co.—Annual ReportJoseph F. Abbott, President, warned
stockholders in his
line
is
Tobacco
Interest
American Water Works & Electric
Co.,
United States
President, on April 1 announced the appointment of
Cottrell of the company's
administrative staff to the post of
Vice-President in charge of technical
operations.—V. 165, p. 1582.
to
Cuban
Others
Heyden Chemical Corp.,
Plastics Corp.
Samuel
«r
the
6,718,927
:•
American
-
report
but
available
877,444
6,718,927
suc¬
Leicester,
Nils Anderson,
B. R. Armour, Mv. Askin. Dr. Donald B.
Keyes,
Miller, Mr. Parsons and Mr. van der Stricht.—V.
p.?
Peter
matter of
a
plan,
reserve
524,594
—
Parsons,
Assistant
American Potash
sidiary companies
Security of subsidiaries not consolidated herein;
Dividend
American Telephone
in
Treasurer.
Members of the board, in
the
NOTE~—For mechanical reasons it is not
always
possible to arrange companies in exact alphabetical
order.
However, they are always as near alphabetical
position as possible.
Of
Vice-President; C. S. Lawrence,'
charge of sales; Paul van der Stricht,
Secretary;
F. Miller, Treasurer; Simon
Askin, Assistant Secretary; and Walter
Vice-President
i:
this
America
becomes Chairman
Other
as
pension
the
Leicester, Vice-President of the Borden
Co.
company's
,
debentures
The
31.
William F.
of
new
the
—
Wholly owned foreign subsidiaries——
Partly owned subsidiaries:
/ '■■vV^.'V
in a study of the fixed assets and related
a
view to
possible reclassification or restatement. Such study had not been com¬
pleted at the date of this report.
The amounts'shown are after
reserves for depreciation and amortization
of $50,162,844 :n 1946 and
$52,168,031 in 1945.—V. 163, p. 1998.
American Plastics Corp.—Changes in Personnel—
-
if-
for
————
—
stock
company's capital stockholders. The subscription ratio will be supplied by amendment. Pro¬
ceeds will be used for purchase of additional
flight equipment, terminal
facilities and
,
will
etc., at cost. 1
407,013,548 334,452,741
on deposit with sinking fund trustees for
redemption of debentures (contra)—
183,55.7
Accounts receivable from
unconsolidated subsupplies,
•
registration statement with the SEC.
a
subordinated
purchase warrants for shares
administering
company
reserved1 with
American Overseas Airlines, Inc.—Registers with SEC
for
in
22,507,661
3,826,650
25,139,202
1,188,955
26,999,451
919,963
Cash
132,958,629 126,726,326
convenience
'
1945
17,821,115
excess profits tax refund bonds
Accounts receivable, customers—
.Miscellaneous accounts receivable—
Leaf
tobacco, manufactured stock,
operating
45,000,000
—
contigencies
\
.
Federal
3,374,077
3,118,762
7.664,390
—
and
*•
•
1946
Demand deposits In banks and cash on hand-
945,296
•
since
1931, will be retained
under American-Marietta
Packaging will be continued in its present form.
Although admitting future plans for national distribution of the
newly-acquired chemical lines, Mr. Hermann commented, "The western
for
* :i
<
1,529,975
8,164,390
—
insurance
for
Earned surplus
laundry- fields
and
Inc.]
Orient,
2,999^429
3,374,077
3,209,'627
——
reserve
respectively
•
the
of
-
1,950,380
ownership.
it',
Co.
■
3.763,532
1,757)418
-
stock ($100 par value)
Common
trade
Surewhite
and
Hy-Pro
SHEET, DEC. 31
American Cigarette & Cigar Co. and all wholly owned
subsidiaries except The American Tobacco C
\
3,573,219
etc
^3
domestic
——
the
and
BALANCE
CONSOLIDATED
1,314,464
7,103,376
taxes
taxes,
$3.69
equity in the earnings of unconsolidated subsidiaries amounted
$1,444,'867.. and $1,425,645 for 1946 and .1945, respectively.
"'The
acres.
outlets
Chlorine
Cuban
and
S.
reserves
Preferred
The company on March 28 strengthened its national
chemical and paint industries with the acquisition of
acres
U.
common
—-
470,671
earnings after charges and taxes—
for
stock and
common
i;
ASSETS—
Accrued wages, social
Dividends payable
on
14,566,484
132,958,639 126,726,326
payable, sugar drafts & process, taxes—
3,161,982
.
78,440
1,753,582
19,697,066
to
B
[Including
Accts.
29,886,557
3,161,982
preferred stock—
61,092
Cr434,627
73,098,729
63,613,892
•
■:x
14,566,540
LIABILITIES—
EARNINGS FOR
6ales
632,650
63.022,317
——
r
4,125,000
Surplus, end of year ——
—
,{86,802,821
Earnings'per share of com. and com. B stock—
$5.96
were
& Kahane,
dividends
Cash
to
Kahane.
W.
•
-
26,977
fFixed
taxes—__„
2,407,672
Stock
"
David
75,128
2,126,394
Company's own preferred stock, 5,000" shares
of five members by adding David
full directorate
law
3,754,724
74,42J
2,368,160
Government securities
S.
11,433,793
3,7„Ho^
fund:
"Pension
reelected, with the board increased to
W. Kahane of the
who have been the company s General
Counsel for many years.
The five man board is comprised^ of Grover
M.
Hermann, C. S. Beaver, Ray L.
Oughton, G. A. LaVallee and
directors
incumbent
All
a
no
18,492,478
.
658,040
1.466,519
12,353,313
surplus account
26,724,575
16,535,084
Surplus-beginning -of. -year-^-w-—_'—_—73,098,729 71)130,129
Proceeds from insurance policies on life of- Mr. f.-y**;;.
George W. Hill, deceased, less cash surrender
f;
value thereof —.—_i._J.-L_—-——
1,546,057
Total
—-i—101,369,361 • !87,665,213'
added
Balance
7,250^403
I2,uay,yaa
less reserve—.
—
lower of average cost or
(sugar at
Security investments, at cost or less
Real estate not used in operations.".
—
Advances to colonos, grov/iug cane, etc.—*.——
Inasmuch as sales have increased
from less than $12,000,000 to more than $30,000,000 since 1944, our
new issues should find ready acceptance among investors who recognize
the past stability and future potential of the paint industry.
i
3,111,822
,
market; materials & supplies at average cost),
acquisition.
plant
receivable,
i——
—
Cash dividends on
^301^73^^21,
securities
Inventories
_
and
marketable
Accounts
.
same
expansion
securities
Other
35,000 shares.
,«,«=
.Wamc
time,, class A common was increased from 10,193
to 250,000 shares and class B from 89,805 shares to 750,000
sha£es.
Public offering of 100,000 class A common shares will be made wnen
& market conditions are favorable.
Explaining the action, Mr. Hermann remarked
"We have now
attained a stature which recommends equity financing for continued
to
20,000
the
At
Government
S.
' 10.851.158
10,803,462
.
8,451,497
410,858
income of American Cigarette &
income
Net
by
climax to
from
war,
Pn.h
U.
"gar:
•'
the
of
1945
1948
■:
ASSETS—
earnings recorded by ttyjir company
the stockholders on March 25 voted
production and
by
44,788,758
5,567,714
1,243,989
731,028
1,463,000
18,074,000
Cigar Co. applicable to minority interest.:—
68,017
Adjustment of prior years' Federal and State
taxes, incl. interest, less related expenses... Crl,127,040
'
v
profits
excess
Portion of net
DEC. 31
CONSOLIDATED BALANCE SHEET,
207,931
433,873
in 1945,
redemption premium on 3% debentures
Other interest and discount—i.——'
Other expenses and
—
State income taxes----.-——————
Federal income taxes-—--—i..—————_ '
Federal
earned
Ealance
Earnings per common
Co.
American-Marietta
-
"amortization of discount and,
Interest
13,826,152
preferred stock
common stock
1,183,597
55,907,265
12,805,935
18.06G.143
3,114.993
1,124,998
—r-
declared
4,539,921
4,735,278
13,330,865
—
—
—
Total
Dividends
named
^cJnPl
P. S. Mumford, General Manager of the EastMoline, 111.
been fleeted a Vice-President.—V, 165, p. 118-, V. 164, P«
bas
■=■■
for the
surplus Jan.
Balance
Vice-Prcstden£ has been
formerly Vice-President
Anderson,
W.
Charles
of the
-
Pyl. formerly Executive
to succeed P. G. Mumfcrd
Vander
C.
Net'profit
Inc.—New President, Etc.
American Machine & Metals,
John
1945
.'U'Vwi
•
gaS
r"""^"TnI
of fixed
sale
on
•
.
less trade and cash discounts, returns
'and allowances
—---—r——--.)i 764,167,590 557557 on¬
cost of sales, selling, general and admin; exps. 707,805,285 512
Depreciation ,,
7-7.——V 1.598,012
'
359,630
616,265
d
Sales,
•
143,000 shares (50c par) coinmon st0c• T°
writers will be filed by amendment. Proceeds will be used W
for
6EC
less
or
2.070.UUU
6,932,980
dividends.-----—-
1946
164,088,378
2,089,327
operations
Profit from
Interest and
„
.
"g
160.863,720
a..-
depreciation
for
Provisions
Orlando, Fla.—Registers
Corp.,
Machinery
American
and expenses
Costs
withdrawn.—V. 165, p. 1446.
been
rincluding
169,886,027
revenue
and miscellaneous
sales
Net
CONSOLIDATED INCOME ACCOUNT -FOR4 CALENDAR
YEARS
American Cigarettp and Cigar : Co. and all whom,
domestic subsidiaries except The American Tobacco
Cn
r
; b; of the Orient, Inc.]
:
^°-
CALENDAR YEARS
i
INCOME ACCOUNT FOR
CONSOLIDATED
Monday, April 7,
1947
CHRONICLE
FINANCIAL
THE COMMERCIAL &
2
worsted goods
was
described by Mr.
PenJjJJ^tw
demLn /ft strong:: but ho* said there was a decided reduction in
tS fi: 6«0nalled soft woolen goods. Unfilled orders at presen
said total
$75,000,000.:
vi
f
Transfer
Old
The
THE
Agent Appointed—
become
Anchorage Homes,
Inc.—Mortgage
Loan Approved—
Dividends
Redeemable,
50
Y:
1946
at
of
Cost
Selling
and
Profit
Other
—
administrative; expenses
from
operation—™
income
per
share
on
Interest
expense
Net loss
be
—
inv
—
settlement
Net renego.
Accelerated
33,725
13,448
^
liquidated
voluntarily
tarily
liquidated
applicable
Refund
Feb.
of
and.
1,
'
from
Earned
1
'
,
Combined
net
profit
3,054,005
2,116,298
2,116,297
$1.94
$2.84
SUBSIDIARIES
exch.
803,250
BALANCE
336,757
Govt,
securities
XT.
s!
Treasury savings notes
at lower
Govt, contract term, claims &
and
notes
cost
of
10,204,946
15,756,550
mkt.
or
receivable
2,513,003
(net)
9,482,940
Inventories
in
Inv.
and
adv.
foreign subsidiaries (net)_
sundry assets
Property, plant and equipment, at cost (net)-Paid-up lie. and rentals on leased mach. (net)_
Goodwill,
and
trademarks,
;
530,209
1
1
Due
to
foreign
Provision
for
Prov.
Fed,
for
$4,698,676
and taxes withheld from
exp.
rolls
pay
subsidiaries
342,636
state
inc.
tax
and
inc.
and
exc.
prof,
Hartford-Empire Co.,
$3,051,635
1,696,627
232,336
401,453
294,316
625,291
1,474,406
settlement
other
taxes-
424.175
(net)
384,131
inventories—
250,000
taxes
account
Reserves:
For
excess
replacement cost
For postwar contingencies
For
>
Paid-in
stock
750,000
16,596,385
10,000,000
10,000,000
24,461,713
Earned
20,521,231
18,507,599
—
surplus
——
——
163,
Union
A.
G.
$79,903,353 $77,117,355
—
&
Co.
&
•
E.
Paine,
E.
W.
have
called
been
for
redemption on May 1, 1947, through
operation of the sinking fund, $147,000 of first mortgage 3%% bonds,
due Nov. 1,
1963, at 102V8, and interest. Payment will be made at
the
Central
Hanover
Bank
*York, N. Y.—V. 163,
p.
&
Trust
Co.,
trustee,
70
Broadway,
New
1718.
The ICC
March
authorized the
25
The company on March
pansion program which by
28
announced
an
meet
marketing
extensive
ex¬
this Fall Will include every known fish and
and \ fresh.
,
To
said
frozen
,
.
_
„
•
Stroud
&
&
Brown
Janney
&
Moore,.
Leonard
—-V.
Avco
Cash
Deposits
realizable value
Due from brokers
such
as
shrimp, crab, oysters, salmon and swordnsh
This marketing expansion is being made possible by
rei"rn.")
greater supply of
cellophane, paper cartons and cans, Mr. uooiey
•explained.
The only current shortage that may not be alleviated oy
Autumn is in packaging machinery.
-
Other
The
of
will
company
Nordic
and' Atco,
Boston, Gloucester
Pacific Coast.—V. 164,
through its various branches m New En&la™>
and Provincetown, as well as Florida and the
cost, less
Aggressively
•
Match
27
Fullerton,
purchase
entering
involved
formerly
&
Co
Other securities
Deferred charges
1,500
Total
1,500
approximately
$750,000.
A
......
/This Jiiuvc, KovuxuiuB iu R. o. am.uwv., move, according to
J. Miedcl, President,
Phase of Atlas' operation. This is in addition to
a 11 o«■''mm
Atlas' own ii— of can-making nm^iitiprv in which
line
machinery in which
>
,
pany.repqrts
considerable progress.
„
is an e"t"eiyr ne:
tne development, o
direction
direction
the
com-
Hunt
Foods.—V.
Co.—
1,200
Escrow
Co.—
1,200
duPont &
Nashville
F.
E.
Masten
S.
&
Dulles
Geo.
Co
Arnhold
&
&
&
Richards & Co.:
Junkin, Patton & Co.—„
Mullaney, Ross & Co
Newburger & Hano
& Co
Parrish
Reinholdt
&
Co
&
INCOME
ENDED
MONTHS
28,
—V.
1,000
The
Sor
and
"~r-—•
■
"The
———
,
Commercial and Financial Chronic e (Reg. u. <3
&.
William Dana
Seibert, President; '• William D. Riggs,
offices: 135-.S.
as
,
„
TT
Patent
Office)
»usinea»
109,244
1,033,204
10,000,000
10,000,000
3,000,000
7,237,891
(par $50)
3,000,006
;—-
7,237,891
f613,6l5
2,651,375
JQrl,047,732 Drl,047,732
165,
$25,594,113 $20,083,225
shares
of
participating
preferred
stock
at
cost.
fDeficit.
678.
p.
Bates Manufacturing
Co.—Stock Offered—A
banking
syndicate headed by E. H. Rollins &
Sons, Inc., on April
2 offered
54,905 shares of common stock ($10
par) at
$29.25 per share.
1,000
The
but
1947
shares offered
do
not
represent new financing
by the company,,
being sold by certain
stockholders, and the proceeds will be
by the selling stockholders and not
by the company. The
of the selling
stockholders and the number of
are
names
19,638,689
2,487,832
expenses
by each
Old
208,718
income
for
Federal
income
merce
$3,180,111
tax
offered
27,450 shs.
27,455 shs.
Colony Trust Co. is transfer
agpnt, and National Bank of Com¬
of
Portland, co-transfer agent.
The First National Bank of
Boston is
registrar, and First Portland National
Bank, co-registrar.
$2,971,393
:
shares
are as follows:
The First Boston
Corp
Coffin & Burr, Inc,_.
1,325,000
$1,855,111
for
depreciation
charged
to
income
during
net
income
of
Corp.
,
and
sales
dated Vultee
quarter
include
as
divisions
of
AVCO
.
Aircraft
or
'
cum.
111*j
and
has
its
New
the corporation's
equity
associated companies, Consoli¬
York
Shipbuilding Corp.
substantial
investments
in
AVCO
American
Amines, Inc., Pan American Airways Corp. and Roosevelt
'
Field, Inc.—
preferred
stock
($100
Outstanding
par)
45,000 shs.
-"42,870 shs.
391,500 shs.
■"2,130 shares of the 45,000 shares of
preferred stock originally issued
were
reacquired by the company for the
sinking fund and canceled,
prior to Dec. 28, 1946.
Manu¬
;!
does not include
losses of
Corp.
Corp., also
operating
companies, New Idea, Inc.,• American
Crosley Corp., including its
.
AVCO's consolidated income
Manufacturing
for the
Corp. and The
which now operate
undistributed profits
Authorized
4V2%
Common
Manufacturing
all
the
stock
BUSINESS
($10
AND
Aug.
par):
391,500 shs.
PROPERTY—Company
incorporated
was
in
Maine,
16, 1850.
Prior to the consummation as
of Dec. 15, 1945 of the
"Maine Mills Plan,"
company owned and operated a textile mill
located
in Lewiston, Me.
Pursuant to the Maine Mills
Plan, the company
and its wholly owned
subsidiary, Bates Co., acquired certain of the
assets,
including the mill properties,
of
Androscoggin Mills, The
Edwards
Manufacturing Co., Hill Manufacturing Co. and York Manu¬
facturing Co. As a result, the
company now owns, directly or through
subsidiary, five textile mills; three of
which, the Bates Mill, the
Androscoggin Mill and the Hill Mill are located at
Lewiston, Me.;
the fourth of
which, the Edwards Mill, is located at
Augusta, Me.;
and the fifth, the York
Mill, at Saco, Me.
These mills have an.
aggregate manufacturing space of
approximately
3,551,000 square feet, are equipped with
326,444 spindles and 7,699
looms and employ
approximately 7,300 persons.
In 1946 the company
sold
126,234,916 yards of cloth, 74%
of
which
consisted
of
cotton
its
Baltimore & Ohio RR.—Notice of
Pursuant
to
Exchange—
the
decree, entered March 13, 1946 by the U. S. District
of Maryland approving and
confirming the Ad¬
of the company dated'Sept. 20, 1944, as
modified,
notice has been given that April 15,
1947 has been determined as
the
"Exchange Date" of-the refunding and general
mortgage bonds,
series A, C, D and F for the refunding and
general mortgage bonds,
series G, J, K and M, respectively.
The said decree provides that after the
exchange date the
the
Plan
District
.
fabrics
A,; C, D and F bonds and interest
William
B.
Dana
Company,
Published'twice
Manager.
-
-
•
a
coupons
-
Place, New York 8,
(general news and
-
-
It
is
26%
of
rayon
19,000,Odd yards
proposed
on
April
fabrics:
over
16,
net
This
sales
represented a total increase
of the five mills in 1945.
1947,
to take such corporate action as
may be necessary to merge and consolidate
Bates and its wholly owned
appurtenant thereto matur¬
Publishers, 25 Park
[every Thursday
week
•■—-»—g «
and
of some
series
-
N.
Y.(
REctor 2-9570.
Herbert D. Seibert, Editor and
Publisher;
issue) with a statistical issue on
Monday].
Other
—
-
advertising
...
-
-
-
-
second-class
American Union,
NOTE; On account
„
33 276
906,691
stock
1,000
$25,097,914
Court for
company on March 27 filed a letter of notification with the SEC
$300,000 4% sinking fund debentures, due 1962, to be cold
at_$50U
$1,000 principal amount. Underwriter, The Ohio Co
Columbus.
Proceeds will be used for
payment of bank notes and foi aaamoiuu
■Working capital.
j
*37,01.3
.
1,000
STATEMENT
FEB.
1,887,546
expenses
Total
1,000
1,000
Gardner
34,022
972,674
37,500
8,538
treasury
1,000
Kay,
2,500
34,163
income
1,000
C.
F. Cassell
for
$407,463
agreement
Earned
Co
30,333
$814,935
sales
Common stock (par $50)
Capital surplus
surplus
;
■"Preferred stock in
1,000
Bleichroder,
Mc
2,500
Participating preferred
1,000
Bioren
2,500
Reserve
Deferred
1,200
4,739,681
payable
under
1,200
Co
10,119,233
held
1,200
Applegate
&. S.
dividend
received
funds
1,200
Co
Co
Inc.
G.
LIABILITIES—
1,200
Co.—
Securities
Smithers
Wurts,
&
62,282
,
majority owned
Due tc. brokers and others
Reserve
for
taxes-
I.
A.
2,500
to
38,402
received
justment
Automotive Parts Co., Columbus, O.—Fiies with SEC
2,827,651
depreciation
$25,594,113 $20,083,225-
Deposit
Co
j-
165, p. 934.
3,232,835
35,723
64,017
Preferred
_
to
381,893
4,545,522
1,200
&
Farwell, Chapman
Henry Herman &
3.000
for
!
1,500
Collins
.
cans
1,513,984
50,500
——
1,200
Julien
y\22
1
tn
The. newly-acquired
plant is located on leased property adjacent
0
the Fullerton
plant of Runt Foods, Inc., who has .entered into a
g
contract with Atlas wherebv the latter will manufacture ana lumisn
1,055,822
7,816,788
Chas. W. Scran ton & Co.__
profit
facturing
in
80,850
213,673
mortgages, real estate
Putnam
Northwest Co
Manufacturing Corp. (& Subs.)—Earnings—
subsidiaries,
can-making industry, this company on
acquisition of the can-making plant a
owned by Continental Can Co., Inc.
Tne
1,597
depreciation
in
etc.,
1,500
1945
14,250
29,382
943,481
1,500
Co
period amounted to $251,176.
Central
the
the
announced
Calif.,
for
1,500
results ojf three former associated
Plant
reserve
Participating interests
2,000
Pacific
2,500
Consolidated
Atlas Imperial Diesel Engine Co.—Buys
$485,56'!
estimated
therein, at costinterests therein, at
subsidiary corporations
3,000
Lynch-
NOTE—Provision
678.
p.
liquidation,
1,500
&
income
v1oVY1„„
sit
in
659,716
'1946
$7,393,855
hand
on
$2,035,980
31
CAPITALIZATION
Net
market its new products under the biand names
and
banks
1,500
Blair
R.
3,000
income
Total
in
$2,850,359
814,935
SHEET, DEC.
First mortgages and
interests
Real estate, equipment and
*
,
banks
$2,735,266
699,277
833,700
and accounts
receivables^
Deposits made under offers to
purchase
Accrued interest receivable
1
Loans receivable
2,000
sales
Provision
in
$4,018,701
334,642
$5,798,740
1,466,883
stock
Collings & Co. Inc._
Selling, general and administrative
Gross
preferred
$1,609,736
1,125,530
1,809,000
income
on
1944
1,578,985
taxes
ASSETS—
2,500
2,000
&
inc.
S. Dickson <fc
Co., Inc.Hailowell. Sulzberger & Co.
Laird, Bissell & Meeds
C.
CONSOLIDATED
a
State
BALANCE
2,000
sales
Cost of
Net
2,000
3,000
Co
&
&
C.
THREE
Net
Co
1583.
p.
Fed.
1945
$2,439,715
$8,081,751
474,010
income
expenses
for
Report
1946
$5,960,308
2,121,443
at cost, less reserve
Securities of and advances
3,000
Co
165,
Prov.
2,000
3,000
&
$230,054
income
Operating
such
& Co.
Rollins. & Sons Inc.-
3,000
Sons
Morris
Miscellaneous
2,000
3,000
&
At
Co.
Francis
Co
$109,555
Corp.—Annual
William
&
Inc
&
Securities
Baker, Weeks & Harden—
Co
Co.
$103,734
sales
on
4,000
4,000
Co.
7,741
103,881
Years Ended Dec. 31—
Profit
2,000
McDonald
Miller &
Illinois Co
3,000
&
Bankers
.
growing consumer demand, Edward H. Cooley, President,
complete line of seafoods would include some in new forms,
the
Shields
Elkins,
company
Atlantic Coast Fisheries Co.—Has Marketing Program
seafood,
Pressprich
2,970
102,504
$24,548
income
4,000
Co
15,127
$341,677
165, p. 1447.
4,000
Co.—
9,222
$215,030
51,252
4,000
Co. (Inc.)
7,080
$159,545
3,870
51,940
1,485
2,000
Kebbon, Mcpormick
4,000
-
$326,550
A deben.
ser.
2,500
Co
Hayden,
4,000
&
on
6,000
Inc.
&
Net
2,500
The
3,000
Langley
W.
Co
Michigan Corp
Hawley, Shepard & Co
H.
$205,808
2,728,422
4,285
6,000
Newbold's Son & Co.
Alex.
to issue at par (1) a
secured promissory note for not exceeding $323,939 to evidence, a loan„
ior a like amount to be used to
pay the balance due on an outstandang note and
to pay the purchase price of a new locomotive,
and
<2) a secured promissory note for not exceeding $40,000 to evidence
loan for -a like amount to be used to purchase cross ties.
v. 149,
IP. 1016; V. 152, p. 387.
on
R.
&
6,000
Co
Biddle.. Wheien
Atlantic & East Carolina Ry.—Notes—
t
C.
H.
Walker
Allyn & Co
6,000
Harris, Hall & Co. (Ine.)
W.
W.
Scribner.
Bacon, V/hipple &
E.
$152,464
$3,821,205
$77,286
2,500
&
6,000
*
630,233
$73,001
charges
Dividends
Deane
H.
C.
352,538
income
Interest
number
First of
7,000
Co
Parsons
Fixed
funds
for
Co
6,000
Jackson
&
general
time
&
7,000
Co.
Republic
Clark
Cook
7,000
Estabrook & Co
Atlanta & Charlotte Air Line Ry.—Partial Redemption
There
1
G.
295,313
aggregate
Yarnall & Co._
4,000
&
to
A.
4,000
Weld
the
7,500
Curtis
White,
to
time
7,500
Beane
Webber,
1948.
underwriters and the
by each are as follows:
Singer,
Lynch, Pierce, Fen<tr
ner
&
added
from
Newhard.
12,500
Weeks
Hutton
145,915
Gross
—V.
1947—2 Mos.—1946
$3,770,075
3,211,728
Operating income
Non-operating income-
pre¬
a
the
18,000
Hayden, Stone & Co
Hemphill, Noyes & Co
&
011
of
Co
Hornblower
be
used
purchased
Corp.-—
Dodge
J
1,373,690
stock
com.
names
be
-IL™—
Graham,
:
be
8,200
Becker
series
contingent.
1,581,363
expenses
directors may determine.
Co
Securities
Clark,
16,596,385
p^ 1558.
cumulative
of
Ripley & Co., Inc.
Corp.
Central
Total
*
-^-V.
&
the
Coach Co.)
1947—Month—1946
$1,800,280
$1,821,468
revenues
Taxes
Total
to
are
will
Stone & Webster Securities
24,461,713
surplus
of
board
Kidder, Pea body & Co.
Lee Higginsyn
Corp
Merrill
750" 000
shares)—
(161,522
shares)
the
as
Eastman, Dillon & Co
Glore, Forgan & Co,
W.
benefits—
(1,410,865
funds
shares to
Loeb
250,000
stock
preferred
cum.
250,000
unemployment
earners'
wage
£3.75
■Common
of
preferred
Harriman
LIABILITIES—
Accrued
conversion
by iy2%
notes due
in
and long term bank loans
short
Corp
Goldman, Sachs & Co
Blyth & Co., Inc
Drexel & Co.—
$79,903,353 $77,117,355
Accounts payable
upon
series A.
The First Boston
1,431,070
23,78u,897
381,520
28,494,040
Such
company.
Kuhh,
4,310.101
1,542,101
and patents
Total
.
403,232
14,143,701
17,717,479
5,035,210
to
investments
outstanding
Smith, Barney & Co._
Morgan Stanley <Sj Co
5,693,832
747,774
contracted.
su
Operating
Operating
over
shown, exclusive of
corporate business or to
tOf this number 328,888
of
course
issuance
UNDERWRITERS—The
of
2,999,38'G
(less adv. rec.)
Due from foreign subsidiaries—current accounts
Other
the
of
Co.—Earnings—
(Including Baltimore
Period End. Feb. 28—
debt
24, 1947,
corporate purposes
$5,692,062
at cost
rec.
not
PURPOSE—The net proceeds
of
1945
$6,148,653
S.
for
usual
th°
the
of
to make the
exchange.
Baltimore Transit
a
general
increase the indebtedness of the
debenture
$24,900,000
SHEET, DEC. 31
hand
XT.
Accounts
48,113
1946
on
of
,stock, convertible 4%
present,
its agent
as
gave
outstanding Dec.
share for share basis,
new
nrcierred and common stock
provided for in the com¬
pany's joint plan of merger which
became effective on that date, and
ine authorized
capital stock was changed to that
shown in the table—
900,000 shares of the new
preferred stock and
5,000000 shares of
.common stock.
Prior to thai date the
authorized capital stock of the
company consisted of 250,000 shares of
preferred stock (all outstand¬
ing), 650,000 chares of a subordinate
preference stock (none outstand¬
ing'*.5,()00;000 shares of common stock.
(2) Since Dec. 31, 1946, the
company has borrowed from banks an
additional $2,000,000,
represented
211,976
interest, in the caso
2% fixed, payable
rates
interest coupon No.
8, dated May 1,
1947, should not
accompany bonds forwarded for
exenange. It shomd be detached anil
presented ior payment in the usual
manner
since contingent interest
for
1946
has
been declared
payable on and after Maicn
10, 1947
against that coupon.—V.
165, p. 1723.
2,663,993 shs.
stockholders
NOTES—(1) The shares of preferred and
31, 1946, were converted on
March
4,218,998
313,329
reserved
the
by amounts not exceeding
$50,000,000
the
276,761
$2.54
CONSOLIDATED
Cash in banks and
in
5,486,703
int>
ASSETS—
;•
$25,000,000
are
605,716
-
-'V<
♦
time to time
contracted
1946,
directors to
ferred
2,539,557
(excl.
losses
of
shares
4,184,075
'I
FOREIGN
...
board
7,
other indebtedness
Cr225,000
common share-
per
•
—
f5,000,000 shs.
May
141,284
—
Net profit from domestic oper—
dividends
dividends
par)
cn
above;the
the
352.000 shs.
($25
meeting
at
Contingent
148,000 shs.
1947)./
stock
a
bonds
be selected
may
gage,
930,000
of
as
M
b and F bonds are required by said
exchange to the company or such
agency
by the company to make the
exchange. The com¬
pany, has selected Central Hanover
Bank & Trust
Co., 70 Broadway,
New York, N.
Y., the trustee under, the
refunding and general mort¬
as
3,600,000
in-
and
Holders of the scries
A, C,
decree to present the same for
900,000 shs.
rate
effective
12,040,419
2,057,957
5,907,546
2,101,118
115,956
Preferred
Common
3.60%
refund
to
facilities—
emergency
7,500,000
authorization to
prior years,
acceleration of amort.
from
res.
:
$25,000,000
from
Common
260,000
j.
—_
Outstanding
Not limited
K
exchange for temporary registered series
G, J, K and M bonds will
be
mailed
to
each
registered "owner of
temporary registered series
G, J, K and M bonds.
FINANCING
debs., due Jan. 15, 1966—"$25,000,000
payable to banks, due in
836,139
Pennsylvania income tax
Replacement of inventories involun-
PRESENT
-
250,000
2,417,228
TO
due
company
Federal excess profits tax
EFFECT
bearing
G,
3%%
days' notice, at $104.50 per
redemption price decreasing
notes
amounts
V
GIVING
—
creased
35,704
108,643
17,102
6,457,259
in
or
series
Definitive coupon and
temporary registered series G, J, K and Mi
bonds will be available for
exchange on and after April *15, 1947. Series
G, J, K and M bonds issued in
temporary registered form may b»
exchanged at any time without
charge to the owner for definitive
coupon
bonds, or for definitive registered bonds
likewise
without
charge, when the same are available on or
about Aug. 1, 1947. Notice
of availability of
definitive registered series G.
J, K and M bonds for
per
series), $100 par—
Convertible 4%. series A
3.75.%. series. B
(dividend
368,598
Profit before prov. for taxes
Federal normal inc. tax & surtax--
whole
notes
^At
['
in
company,
payable to a bank, $409,each Sept., 1948 to
1956— Not limited
payable, monthly instalments
from Jan., 1948 to
Feb., 19501. Not limited
Cum,ulative
preferred
stock
(issuable
114,945
_—
payable quar¬
and February.
part at any time
due
emergency
facil. applic. to curr. & prior years
Res. for replace, of inventories in-
be
Authorized
notes
000
3%
74,352
1944
will
the
semi-annually, and 3% contingent; and in the case
bonds,
225%
fixed, payable semi-annually, and
in
52,268
—
of
Va %
1%%
12,259,118
—
for year
amortiz.
$101.50
1943
329,986
6,747,584
disposal of capital assets
on
other
1
11,929,132
290,836
6,472,419
1,712
Miscellaneous deductions
•
6,456,748
and
of
Feb. 2, 1949 and on each Feb.
2 thereafter to
1954, on and after which date the redemption
share; plus accrued dividends.
including Feb. 2,
CAPITALIZATION
588,264
income
Total
and
5,884,155
—
of
1944
104,717,423 108,820,097 124,566,258
84,766,471
90,062,673 101,091,465
14,066,797
12,300,676
11,545,661
sales-
19*47,
1,
upon at least 30
Feb. 1,
1949, the
to
YEARS
1945
Feb.
time,
prior
20-yr. 2%%
sales
Net
option
or
cents
and
STATEMENT. FOR CALENDAR
"'I:.
■
irom
accrue
time'to
on
price shall
(Including domestic subsidiaries)
'
from
share
Armstrong Cork Co.—Anuual Report—
INCOME
will
3
ing after that date shall evidence only the
right to obtain in exchange
therefore the series G, J, K and M
bonds, respectively, of like prirvcipal amount, maturing in each case on the same
date as the bonds for
which they are to be
exchanged, and
terly iirst day of each succeeding May,
August, November
and
(1859)
Refining
Co.—Preferred Stock Offered—A
banking group headed by South Barney &
Co., on April
2 offered
250,000 shares of cumulative preferred
stock,
3.75% series B «at par
($100) and dividends. The issue
has been over subscribed.
The corporation announces that its class A and
class B stocknolders
on
March 24 approved by more than
two-thii-ds majority the mort¬
gaging of its plant and equipment to secure a $700,000 loan about to
be Concluded with the Reconstruction Finance
Corporation in accordance
with its terms.—V. 165, p. 15L'J.
CONSOLIDATED
COMMERCIAL & FINANCIAL CHRONICLE
Atlantic
Colony Trust Co., Boston, Mass., has been
appointed trans¬
lor the $4 cumulative
convertible prior preference
stock,
effective April 21, 1947. —V.
164, p. 3138.
agent
fer
to
Number 4583
165
Volume
>
4,1..—
..
£■: ...-i.A-.
Monday, April 7, I947
COMMERCIALFINANCIAL'CHRONICLE
% " (1800)
Subsidiary;
•
.
H.
Weeks & Harden.
and
Byllesby
JM.
.(Inc.)
*
Co.
>
5.46
Wyatt, Neal & Waggoner-
7.29
5.4
Co
M. Kidder &
Pacific Co. of
California—
and Co.
Inc.———
H. M. Payson & Co
The Robinson-HumphreyHarold E. Wood & Co.—
Wocdard-Elwood & Go
7.29
Stroud & Co. inc.—;
U.
Charles H. Gilman
Mason-Hagan,
—
—
L2J.
<rr-V. }65, R.
.
by the company at
revolving credit of
1.82
1.82
1.82
1.82
not,
in part:
21,
bert Eisentwt, President, on March
said
*
Operations throughout 1940 were affected by the problems of recon¬
to a greater degree than in the case of most other industrial
concerns.
This is due primarily to the complexity of the company s
manufacturing operations, the variety of its products and fact that
the increase in its annual volume of sales from a prewar level of
approximately $18,000,000 to a peak of over $60,000,000 during the
war was accounted
for • chiefly by highly specialized types of military
optical equipment for which there is no continuing requirement. Over
■'70%* of tne products qaanufaciured by the parent company from 1941.
through 1945 was for performance bf war'-contracts. Yv
Consolidated
sales for 1946 amounted to $37,885,812, as against
$53,643,196 in 1945 when- over 50% of total sales represented govern,ment contract business. Less than $2,500,000 of sales were made to the
government in 1346. In addition, the 1945 accounts included approx¬
imately $3,350,000 of sales by The White-Haines Optical Co., in whicn
a majority stock interest
then owned was disposed of at the beginning
of 1946.
Accordingly, the 1946 accounts actually reflect a substantial
increase in production and sale of normal peacetime products.
Althougn
export sales increased, the continued heavy backlog-of domestic orders
has so
far made it impossible to meet the unprecedented postwar
.foreign -demand for our products,. ITotal. unfilled orders increased apt
proximately 50% in 1946.
,
Y
YY-YThe- consolidated net income for 1946, after income tax adjust¬
ments and all other charges and credits, as itemized in the annexed
$793,736
327,560
railway
from
Other
income
discounts-^- $37,885,812
'
286,796:
less returns, allowances and
Total
—-—!
Years—*.,'1
Calendar
.*
V"
7
rrministrative 'expenses
Interest paid
Net
of Canadian exchange-
4,269
552,079
adjust,
'v
220,417
for Fed. taxes on income, (estd.).—
of prior years' taxes, due to carry-back
ifprovisions of Internal Revenue Code—
— Cr2,074,4l4
Minority interest in net profits of suhsicl, cos- Yi 69,568
Prov.
continues
materials.
higher - than last year's record $13,-
Predicting a 1947 sales volume
000,000,
prior years, less Fed.
for
tax refunds
Y
—v.
159,
• After deducting $314,043
received.
y
Y
;
-
,
ASSETS—
Wise,; President, told - stockholders
Cash in banks
and
on
y'
and
advances
to
18,201,823
to
15,718,734
•
Insurance premiums --^1--—i-2—Y—" Jr392,036
Leasehold improvements
unamortized
—
' 53,923
'
on
$1,282,000
Blackstone
The
——
4%
cumulative
Common
preferred stock
308,135
Capital
Earned
'
45,667
5,732,280
4,086,181
6,556,104
'
■
■■
'
.
c-,r,e«rrY^s ,frr d0l,btful notes and accounts of ;$344.i'93 in 1946
n?^n S ' 1 46 ^'
]°wer of § After reserves for
of $11,543 in voL end $18,603 in 1945. cost or market;-; tAfter reserves
of
depreciation
$7,619,571 in 1946 and $7,552,554 in 1945.-- iTAfter
'
securities^-
and* collateral
the 1947 sinking
at
the
trust
3%
fund and
improvement and
State
Street
1,
Trademarks, patents .and
Total
CoH. trustee, State
1420.
j.Y. ...Y,^ ..
'
+
to
:>
Y
§ Accrued- taxes
...
on
Notes
.
25,929,272
4—,—•
—-y:—.--
•
liabilities—
y:
v
,
Res. for
:
1
Capital
Other
reserves
stock
7,118;045
YY-—1
(par $15)_—r—
5,087 808
66,269,370
13,981:996
surplus
(at
cost)
the
dividend
1945.
for
the
first
\Y.'-.'v:
.'
time
dividend of 50 cents
since
>•
a
a
like
amount
was
and
the
company
plans
balaiice within 90 days, Marshall M. Smith, President,
elected
V^0S' ?e,SckLey' ?a-'
the board.
Chairman of
:Y—Fxanklin -Berwin
paid
a diTf?ctor of
has be?n elected
Harder, .resigned.—V. 165, p.,;§7.
-
a
,
&
in
;
the
amounted
I
off the
r
pay
company, has been
director,
■
to
announced.
to
v
succeed
D.
Y
Co.-—:50% Stock Dividend
S.
1.616,061
10,507,245
6,791,988
.
,
3.667,8^9
9,144.694
66,209,370
3.836,192
179,776,182
82,894,600 in 1945 and $2,258,264 in 1945:'
suant to Workmen's Compensation and Milk Control Laws
in
reserves
for depreciation
of. $69,621,314 in -1946 - and $66,000.85J> 1
3945.
SAfter deducting Treasury savings notes eoual to
income
taxes—1946. $12,800,000;
1945,
$25,700,000.
111946, 20U,ushares; 1945, 177.958 shares (including stock reserved wderc01"Ynf»
and Employees Stock Optibn' Plan—1946, 48,500 shares;
1945, ic,o
shares).—V. 165,.p. ,806. :Y::*-:v.-i;4V?,<■'*l"/i"
"After
common
■
ThecCnTn^ny has, reduced t0 $500,000 its bank loan, which
$1,500,000 as of Dec.
31,
206,187,440
Total
a
•
46.377,984 _32.5i5.8C>
Dr6,629,263 Dr5,4C4,0^
Earned
surplus1iTreasury stock
5.277,201
5,000,000
2.202:562
of depleted
19,139.479.
3,480,828
Z 5,000,000
--
normal inventories
replace,
Common
-
-
-—.—
2,000,000;
Contingency reserve
—Y
Special cpntingency --reserve—-—
Reserves for possible inventory price'declines—
Res. for losses on unusual property disposals—
reserves
.
25.000,000: 12,895,009
a"; 38.52928,230
.payable
Insurance
2,817,591
6.003,845
;
'—:-
Other :;nqn^u^entYiiabi^
...
March 21 declared
65,235,310
876,544
\
75,322,556
',-813,445
v
1
—-
206,187,440 179,776,182
'
^
Other; accrued
1973
Congress
—1.
goodwill..—
734,630
3,223,213
1 ;88T,31L YM89,6l5
^1,273,422
1,666,823
:
5,797,245
3,894,404
——. 0*1,439,108; Crl,305.861
;
through
and
:
—
1945
$
-•
LIABILITIES—
Accounts payable
Payment will
additions fund).
Trust
?
tProperty and oquipnientY-^w^
r*:
bonds, due Nov.
the balance $89,000
L
•
29,004,830 30,133,484
5,984,008 : 27,806,725
26,678,474
17,369,839
57,641,793
31,474,676
subsids. (foreign and domestic) —
tU. S. and Canadian Govt, securities on deposit
Jjess- reserves
$2.85
31
1946
$
f
T—
Deferred charges
May 1, next, $202,000 of '
$35,596,699 '$34,393,719
«
and amortization
of
■
•
for redemption on
DEC.
'
(E. W.) Bliss Co.—To Pay Dividend-^Bank Loans Re¬
5,732,280
4,073,180
6,754,995
""""
......
called
operation of the
made
September,
1.203,190
5,000,000
' "
■
Other
-
share, payable May 1 to holders of record April 10, marking resumption ;
873,133
surplus
Total
.
1,653,677
*' Y 5.000,000
(par
Yv-'Y/Y,
-•••-
--y:;"y T"'; ;Y!:!-Y.;.
mortgage
The directors
45,987
"
1
,
..
7,623,711
$4.64
-
—
Mortgages
duced—New Director, Etc.—
-
1-
Y
(par $100)
$10)1—
ii
surplus „1
Yl-l-Y—Y
stork
*
-
Streets, Boston, Mass.—V. 161, p.
901,820
535,290
7,058,000
! 149,249
1,138,155
;
1078.
p.
.
company has
($113,000 for
be
,
444,625
Credits to employees under stock purchase plans
of subsidiary companies
Minority interest in subsidiary companies
—^
SHEET,
.
1,587,040
308,735
<
.
—3972
.19,58^,006
9,508,900
Unconsol.
.
Valley Gas & Electric Co.—Partial: Re-
demption—
275,000
842,576'
Mortgage payable, by subsidiary—
for contingencies
Reserve
•Y
1,803,119
income
(long-term)..—-
700,009
*
BALANCE
•>Q'7v14£ HI n
oon A 1Q
y
Inventories (at lower of cost or market)—
investments and Non-Current Receivables:
Morton- T/Junes, President of the Kansas .City Fire:Marine Trisur- ;
Co.,. has been elected to the hoard: of directors.-r-V. 165, p. .1311.
*
—
Federal taxes
share
common
United States and Canadian 'Govt,
;
ance
the
$6,600,000
164,
Y;!f^New Director^-
17,169
Notes
banks
i
115,893?
14,050,422 26,912,898
'
J..,.-——I.*
ASSETS—
cash
both of-Chicago. Shares are part of the
company by F. S. Yantis & Co. and
H, M. Byllesby & Co. who will'receive alL of the proceeds.*
$35,596,699 $34,393,719
LIABILITIES—
:payable under V-Loan agreement
Notes payable bv subsidiaries to banks
Accounts payab'e
!
Federal withholding tax and credits to empl.—
Accrued salaries, wages, commissions, taxes, etc.
'.
1,
99,000 shares puichased from the
first
Total
pavable-to
per
—
CONSOLIDATED
and H. M. Byllesby & Co.,
Co.
367,840
! 54,530
Miscellaneous' deferred' assets-"-—20,994
for estimated
Earnings
company, on March!j27 .filed.a registration statement with the'
SEC for 72,000 shares ($1 par) common.
Underwriters, F. S. Yantis &
40,286
133,404 :,:Y 373,692
8,425,864 - 6,252,350
..
12,465-.- -11,498
t
UProv.
t
Net income
Dividends paid
141.924
i0 616,409 ™ 329,777
00/1
01,0 inf*
-Y-
.__
U93J160
,
i7i,327t4^. 387>14^019
38,894,670. *3X222,109
;
-The
' 24,128
•
investments
i.—A—
?Land, buildings, machinery, equip., etc., at cost
Patents, lessv amortization
2
♦■'Notes
>4 71
Provision for deferred repairs and maintenance
.Provision lor Fed: and other. taxeS on Income—
and
board.—V.
1945
_
544,469*925. 46.0,404,766
—
A 4..y -
—
Interest, expense --1L—
Black, Sivalls & Bryson, Inc.* Kansas City, Mo.—Registers with SEC—
sub-
tCustomers' notes and accts. receiv. (long-term)
;
Total
nef.-
Selling, gen. and admin, exps. and other chg>
:
645,830
6,251,563
356,585
the
■
542,998,805 459,454.880
:
"
interest, dividends and royalties--—c 6£t3,.773
Rentals, - less expenses .of properties rented-,
y 238,989
.Yi^n^sen^*^ to ' .operations--,—— 53.8,388.
Other income*:
'
'
Wesley C. Ahlgren (Treasurer) and Ely L. Chamberlain nnd Ralph
Wilkins (Vice-Presidents) have been--elected directors.
Frederick
K. Eecker, President of the Bird Machine Co., has also been added
792,497
Y
Y Sundry
"
.
,
481,257
foreign
Nov.
100
-
YEARS ENDED DEC. 31Y
Interest,, dividends'and' royalties---
A.
■
2,074,414
in
'
-
♦Receivables
f
$2,855,345
- 655,800.
$1,252,824
29,500
66,381
hand..
jsidlary. companies
*
*
-1
sales
Montreal, Canada—Calls Bonds
Bird & Son, Inc.—^Four New Directors—
1945
1946
income
Investments
v
stock.
1946
Not
-
;
the company was owned by 49,121 share¬
'Y:; ■
YY;: ■
-r
outstanding first mortgage 6% 13-year sinking fund bonds,
1957, have been called for redemption on May 1, next,
interest.
Payment will he made at The Royal Bank of
Canada in Montreal, Canada, or in Montmagny (P. Q.), Canada.
at
,
tlnventorles of raw materials and supplies, wotk
in process and finished product—
—___
Estimated refund of prior years' Federal taxes
on
-
'
All of the
'
*$1.69
1
,
.
'
expenditures
change
CONSOLIDATED INCOME ACCOUNT FOR
496,978
postwar refund of. Ffed; excess profits taxes
♦ Notes and accounts receivabIe____„—__—4,427,686
?
/;
1063.
capital
I.-:*;;,-". >•
Shanks,
p.
of the year,
was. no
common
;
---
165,
for
in the amount of capital stock authorized.
At the close of the year, 4,217,000 shares were outstanding.
This was
a
decline of. 23,000 shares from the previous year.
During the year,
the company purchased 24,920 shares and reissued 1,920 to acquire
new properties and for tther corporate purposes.
Except for the 1 %%
notes 'outstanding,- there were no securities senior to the company's
annual meetipg held on
tpe
at
budget
a
In
W -V,.
,
There
,iK>t"CausSd;1^;aiiiy decline ;in:nrders^^but .by "aiabpity^td q<mtinue,4iivr^
ished geeds production at. the fourth-quarter rate due tq, depletion of!
work': in process^; Current production and shipments are at the fourth
quarter rate of approximately $58,OC0.CCQ per year compared with sales
of .$39,222,359 in 1946; He added; thaj; the demand, for; the. company's •
ptcdurts-eontinues at surh a liighirate that allotments "of merchandiseare still-necessary in
order to supply dealers on an equitable .basis..
additional Federal taxes paid and refunds
U; S. Government securities
—.Y—Y
Canadian Government securities
r
M.
-'
$1,192,743
226,324 V
$0.85
- ■.
"•
"
for
the close
At
-■
* '
-
$13,897,000
holders,:-
President of The Prudential Insurance Co. of
America, Inc. was elected a member of the board of directors, and all
other directors were re-elected,?, '
v
.
•••.•' .
i-Mr," Wise, statsd that production for-the first quarter1 of. 1947,- and
consequently sales, v/ere below those, for the fourth quarter «f 1946
when shipments were $14,544,080,. an all-time high (or a three-months'
period. He observed that the-reduction, from the fourth quarter* was
Carrol
£22,927
200,000
,
31.
March
CONSOLIDATED BALANCE SHEET, DEC. 31
.
*
1947.
r.ddition. about $12,000,000 remains of
prior budgets.
Whether this $26,000,000 program can be completed
during 1947 depends upon many factors beyond the company's control.
Sales for First
Year Ago—New
a
-
■
authorized
have
directors
The
quarter of this year will approximate $13,000,008
compared with $6,715,COO for the first quarter of 1946, James DeCamp
45,596
372,927
789,560
286,614
■
1
the
of
—-
,■
2
.
>
(M. E.) Blnz Co., Ltd.,
Preferred dividends
—
of!
Those
Nearly. Double
Quarter
from
•
$686,603
paid in cash
dividends paid in cash
Earnings, per. common share
/Vy
p.;24ii,:
and accounts receivable.
the year the company had United States and Cana¬
securities amounting to $5,984,098. * Securities de¬
1945 because it disposed of some holdings to get funds to
2%
notes and help finance its program of capital ex¬
51,833
yearly--
Common
Current assets were $119,309,395, and current lia-
penditures.
1
Director Elected—
due
for
April
on
Bigelow-Sanford Carpet. Co.r Inc.
0214,593
:r 135,705
552,079
'
,
Government
clined
announced that the business of Fine
Goods Sales Associates, Inc.-,
a
wholly owned subsidiary, became a
division of its parent company on March 31, 1947. Customer relation¬
ships; policies, management, and personnel 'remain "the 'same, the
change being merely one in corporate organization.
Thomas J. Kennedy, formerly President of Fine Goods Sales Asso¬
ciates, Inc., will become a Vice-President of the parent organization.
corporation'
The
.-
.
~V.
absorb reconversion and war contract exps—
:Profit
.
dian
Associates, Inc.—New V.-P.—
Berkshire Fine Spinning
j * Adjustment
!
-Peacetime
carry inventories
At the close of
retire
—1*82,380'
—_
of properties and accrued liabilities
: .to
reflect disallowances for prior years by
t: Treasury Department ___——
—
Portion of reserve for contingencies utilized to
.
disclosed that first quarter shipments will top
This will be more than 50% above same period last year
than shipments of the final 1946 quarter.—V. 164, p. 2682.
Jacobs
Mr.
$4,500,000.
and greater
j$82,68p $4!052,196!
special items shown hereunderAccelerated amortization of emergency facilities
before
1Profit
to
bilities, $34,750,708, leaving a net working capital of $84,558,487. Dur¬
ing the year it bechrne advisable to add to our working capital. The
company borrowed $25,000,000 on its 1%% notes, which were issued to
six banks.
These notes mature serially until March, 1956, when the
balance becomes due.
They replaced $13,696,000 of 2% notes which
the company had retired.
The proceeds of the? loan - were used to
_
Refund
•
"
-
,
company's history.
probable if the present "unprecedented" demand
and the company can obtain sufficient copper and other raw
ouarters are
14,500,414
248,340
and war contract expenses——_
Transition
"
Sales for the first
146,686
and
a
that unsettled ■ conditions resulting from the war will
into the future, the board authorized approoriations from earned
surplus for two new reserves: one of $5,000,000 for "Losses on Unusual
Property Disposals,'' and another of $5.0G0,00C Tot "Possible Inventory
Price
Declines."
- In
setting up the latter reserve, .the board was
aware
of the disastrous drop In commodity prices during the period
following World War I but anticipated no similar decline in 1947
"At the close of the year net working capital was the largest in the
Jacobs!
'
13,852,899
;
$4.84
;
First Quarter Earnings
—
Contingencies
"Reserve for Deferred Repairs and Maintenance"
lapsed since v VfcJ Day, the balances in these
reserves at the
end of - -1946 were transferred, to earned surplus
In
the first of- these - reserves > the balance^was* $10,732,912; in the second
and
Sixteen -months: having
profits are estimated at^about $300,000, Whipple
President, told stockholders at the, annual meeting.
This compares
with a net of $122,568 in the like period a year ago.
Mr.
Jacobs said that, "equally
satisfactory" profits in succeeding
35,648,579
1,332,259
——
Wartime
for
"Reserve
Economy"
t-
1945
First quarter
•
$53,643,196
270,7871
ad-
,————-i-
,
_
losses and
Reconversion
..
;
the lower -Federal- income tax.
*
the war the directors c&refully considered the emergencies
might'arise from the conflict.--Two reserves were authorized—
During
that
$2,118,188
$2,793,322
sharps^—. ^6-38
'Y
*
••*7/'*'-
Manufacturing Co..
was
carry
1946.-
.
This
course,
1,472,034
350,535
-
Per share on 437,524 common
tti.. i.bo, p. 1723.
Belden
•:
for the
equal to $4.64 per share of stock, or 3.6 cents per dollar of sales
Thn
in -1945 was $12,093,972; or $2.85 per share, or 2 6 cents
on
the sales dollar.
Chief factor in the increased earhings was of
$3,208,800.
-.Recognizing
Net' profit after charges ..and
-
.24,748,865
569,548
,
1937
-net'income
-
$38,172,608 $33,913,983
income
Manufacturing xost -ql. sale?
Prov. for depreciation and amortization
Selling,
prescription service, general and
*T
,
y
Packing Co. <&. SubO-Earnings—
Beeeh-Nut
1945
1946
f /
,
Sales,
.
YEARS-
Consolidated income account for calendar
y'
wntnm
'■
The company earned $19,581,006 after taxes.
record levels.
2,352,56*6
225,456
450,373'
318,660
Y'
,
,
succeed
-
.-
Y;
1945
1,906,039
■'• 1,028,897
'932*724
.
•
u
(N. Y.)—New President
the
For
-
a
railway
ry. oper. income—
—V; 165, p. 1311. - •
*
°d unt.i
(The) BQTdjjn. Co.—Annual Report—Theodore G. Mon¬
$884,749
211,427
1,629,542
Net
profit and loss, amounted to $686,603 as
.compared with $1,192,743 in 1945.
After dividends on the preferred,
stock amounting to'$200,000, the earnings on the 573,228 . issued and
outstanding shares of common stock amounted to 85 cents per share;
as compared with $1.69 per share in .1945.
• *
•
\
' ..."
The Navy* Price Adjustment Board has reviewed the financial data.
for 1945 and recommended that clearances be issued as in prior years.
No renegotiation proceedings are applicable to the 1946 operations.
y( An increase in volume of sales is scheduled for 1947, which Will
involve a further increase in working capital requirements for both
the parent company, and its subsidiaries.
>.
W' The directors on March 3, 1947 determined not to declare a dividend
on
the common stock payable at this time.
The regular quarterly
dividend on the preferred was paid April 1, 1947.
. .
During 1946 the company purchased and rehabilitated a small plant
in
Wellsville, N. Y., in which manufacturing operations were com¬
menced on a limited scale at the beginning of 1947.
In addition,
since the close of 1946 the company has acquired title to the plant
in Rochester, N. Y., comprising 158,000 square feet, formerly occupied
under lease arrangements with the U. S. Navy. Department and cur¬
rently used for the production of peacetime products. At the close of
the war, this
plant was designated by the Navy as an emergency
standby facility.
Accordingly, provision is made for the storage of
certain
special government-owned optical manufacturing equipment,
without cost to the Government, for a period of ten year?, during
which time the Secretary of the Navy may call upon the company
to utilize this plant, or suitable equivalent space, for the production
.
,
177,674
railway—.'—-.
from
°
tague, President, in ther company's annual report
year, 1945, said in part:
,
Net
thai
Send "T;
stock
Y
Prior to his
1944
$1,245,635
456,298 v
807,675
\:'.95,579
185,319
"
•
$774,466 '
442,070
.
"l,474,982
f97;032.
ry. oper. income-.-.
From. Jan. 1—
Gloss from,
of
| of military optical, equipment.
*
1946
..1947
<><•'
Net
.
statement
Ry.—Earnings
Beaumont Sour Lake & Western
February—
from railway
Gross
^
consolidated
consolidated profit and loss
.
Net
v
seventh successive year dollar sales increased.
Amountirv.
to $542,998,805. they set a new high record.
The increase was atW
•18% over 1945 sales of $459,454,880.
Accounting in part lor the in
creased dollar sales were the higher average price levels
Unit saif^
increased generally, but there was-a tapering off nf demand in
lines toward the end of the year.
.
'
r
'
Some new products were introduced,- but their full influence on
»,-will not be felt until future years.'
YY 1
>
Net:income improved above that of the war ^years, but was below
The parent company's share of the 1940
earnings of the subsidiary was $88,315; its net assets included initL e
consolidated balance sheet at the end of 1945, were-; $710,492 after
deducting minority Interest.therein.*
" ' - *1 '*
'
"
Net Canadian assets amounted to $426,666, Including, net current
assets of $311,421 valued at year-end exchange rates.—V. 165, p. 144/.
;
50%
a
election Mr. Rudolph was a Vice-President and'
Merchandising -Manager, of Lord Jt Taylor,, which he joined in
;
profit of $65,850 therefor.,
,
-
Rudolph has been elected President to
resigned.!Y' ''v" V "
■ ;;'.r
<•y'-
Holmes
fclnveat^ent in The
in dudes
sold
1946,. the company
Co. and the
White-Haines Optical
a
ouoted "ex"
1584. „.
Bonwit Teller, Inc.
without the
NOTE—As of Jan. 1,.
version
-
Roy, M.
credit agreement
will
M. Her¬
Optical Co.:—Annual Report
•Bauscli & Lorab
y#tetf
per annum
The
-
would not be
notice.—V. 165, p.
stock
mon
further
on any unused portion of the revolving credits.
provides, among other things, that the company
prior consent of the banks: (a) permit its net
current assets to be less than $12,000,000, loans under the agreement
not falling due within 12 months to be excluded from the computation, or (b) make expenditures for property,.plant and equipment in excess
of $9,000,000 plus normal depreciation charges through Dec. Ji, woo.
% of 1%
of
1.82
tlme
snme
The
into (a) an extended
time.prior to that date
any
the
New York Curb Exchange on
torn •'earned surplus"_to. "capital- April 2 announced
account.'
'
not exceeding $6,000,000 until Dec. 31, 1952, plus
(b) term credits for the balance not so extended, but at least equal
to 40%
of the total converted credits, such term credits to majure
in
equal annual installments commencing Dec. 31, 1948 and ending
Dec. 31, 1956.
Interest is payable at the rate of 2% per annum on
revolving credit borrowings and at the rate of 2%%
pei annum on
the term credits.
A commitment commission is payable at the rate
1.82
1.82
1.82
& Co
Collins
Julien
9-H
7.29
YY Corp.
Baker,
the underwriters
9.11
Peabody & Co.
Stone & Webster Securities
Kidder,
1940 and $535,000,,.
of the notes payable to banks havp been issued under
'an agreement dated Nov. 20, 1946, providing for, an .initial revolving
credit of $10,000,000 until March 31, 1948, which may be converted
..$7 000,000
and the percent¬
age of shares to be sold by each selling stockholder is
llow .
E
H. Rollins & Sons Inc.. 23.00%
J^nnston, Lemon & CO.— 4.55%
Boettcher and Co.—.——..
1.82
UNDERWRITERS—The names of
Savings Notes of $20,000. to
.deducting u. S. Treasury
and the,,*
Co;,s and thereafter all of'the propertied
and operated directly by the company.
Bates
will be owned
business
reserves t>f
-
Borg
Wis.-—Files with
Corp., Delavan,
(George W.)
SEC—
.
y
y/yT
'
-
Y.
!
of. notification with1 tn®
for/1,000 shares ($10
to be offeree, et ma (estimated at $12 a share) Underwriter, Paul.H. Davis & Cq..
"
Shares are being sbld on behalf of Thomas B. Gitbs, Janesviiie, w
a director—V.
162, p; 1763.
;
;
.'Y;,
'
The
Company
on
March
SEC
26, filed a letter
par) capital stock
.
.
Volume? 165
Number 4583
Boston Sand & Gravel
THE COMMERCIAL & FINANCIAL CHRONICLE
Co^—Partial Redemption—
V,
California Electric
fiv^hvcarh7^e ron^Hhi!? in' r®d®mPtion
rnflnn
n
madP
3^1 f5'U
St
^ndV
y Trust Co-' successor trustee,
fhp
of
at
the
Eos1,on^
on May 1. next, $25,000 of
de,bsntures, due Oct. 1, 1949, through
£ 100 and interest. Payment will be
O'd
Bray tan
.
Operating
45 Milk Street,
Oper.
•
f0HredemPt;ion
may be
in the indenture
dated Oct. 1,
as
Flying
converted into
1929.
V.
common
165, p. 1447.
with SEC-
fo?h50C000Pshare"
& J®tter °f notification with the SEC
V /z Mnt cu"™lal*ive, convertible preferred
fin?
snoon
costing
i0t cxpwision
Brompton Pulp & Paper
Co., Ltd.—Elects New Board
r»nn^rYvor^foCiaiiwttefing °f ^ stcokholders cr. March 24, unanimous
a ne\f boartf & resolutlcu removi"6 the board of directors and
board
Consists
of
the
Campbell, Aubrey
Sails. Messfs.
Net
against.
The
v
St.
*
.
capital
The
tor
;
27 filed
100,000 -shares-of class A
used
the
Wilmington, BeWFiles
;
Interest
1946
other
operating
revenue—
income
$6,961,256
1,055,748
office
in
-
—
salaries
and
U45)
Net
other
income
profits
and
911,817
$902,259
875,565
share
1,094,456 shares
on
BALANCE
$0.82
$0.82
„
SHEET,
DEC.
below
cost),
$400,093;
insurance
fund
(issued
1.094,456
shares
of
no
(U.
value,
par
share), $8,755,648; crpital surplus, $3,305,147;
$3,009,051; total, $18,126,550.—V. 164, p. 2539.
of
per
S.
Net
(no par) at $12.50 per share.
was 65c a share.
above
stated).-
income
ry.
.
No
,■
•
paid
in
prior
a
of
is
believed
for
account
1946
$3,979,536,
carry-back
a
will
of
be
mailed
after
$8,263 000
on
expected
March
to
28
to
stockholders
on
...
.
„
;,v.
1947—2 Mos.—1946
$2,637,391
$3,562,f»'44
*415,986
$5,506,222
*1,106,801
$7,533,263
*600,167
♦343,580
*321,314
*496,303
*413,058
216,682
415,627
430,151
830,513
$560,262
$736,941
$925,500
$1,243,576
income..
oper.
income
.*
deficit
♦Deficit.—V.
*6Q9,644
165, p. 1312.
Central RR. of Pennsylvania- Earnings—
oper.
ry.
1947—Month -1946
■
:-:y
(1946
chgs.
48,144
6,510
868,773
13,020
$103,163
and
1,123,178
,1,123,439
$41,634
$2o0,720
$84^953
$2,747,945
$97,973
97,973
other
deductions
~
cumulative redeemable preference stock
Net
•
$48,144
397,220
income
income
Fxd.
*
1947—2 Mos,
>
$1,283,637
503,975
506,383
revenue
oper.
Gross
Preference
4%
—
Period End. Feb. 28—
income
....
■.
New DirectorRobert
A. Young, of Allentown,
Pa., has been elected a member of
the board of directors, to succeed John R. Prizer of Mauch
Chunk, Pa.,
resigned.
\
*,"
Young is President of the Lehigh Valley Trust Co. of Allentown;
of the Lehigh Portland Cement Co.; a partner
in M. S.
Young and Co., wholesale and retail hardware concern; a director of
the Lehigh Valley Transit Co. and Vice-President of the Allentown
a
Earnings—
1944
231,023
224,114
153,935
-
,,
117,740
124,277
54,796
97,489
1,231,145
1,175,100
1,181,873
1,149,676
427,983
452,302
433,027
510,868
222,106
385,133
r)' From Jan. 1—
*..
the
the
of
on
income
1311.
*
'
*
.
'
$ 227,434
193,426
h
books approximated
the
1945
ry.
1944
$97,159
262,892
191,221
$261.584/.
*171,945
*119,323
*222,018
*258,964
-
S'l-%
.
ju'1945
.
•
40,781
10,625
ry.
507,041
439,072
Ry.
'
$
292,495,828
I *
^
r
r
'V
f
-
<■
*'
17,793
62,512
income--
T;
132,665
-
*
earnings
20,843,050
36,054,334
22,779,794 *15,106,957
49.211,567
16,270,751
51,161,291
55,530,979
'
19,547,129
20,831,149
21,795,836
transf.
loss
to
.
.
^
(No.
6433)
filed
)
with
%t
the SEC
.
account-
25,134,731
31,614,162
24 699,830
dividends.—
4,557,632
5,031.500
5,042,782
6,700,000
6,700,000
from
from
Net
91,034
139,220
ore
follows: Net earnings from ocean
as
steamships, $4,202,264;
net earnings from
hotel,
communi¬
miscellaneous
properties,
from interest,
exchange, separately operated properties and
total,
$22,779,794.
tlnterest
on
of
ry.
Gross
—
See
Minneapolis St.
$2,550,862;
Paul
& Sault
interest by Canadian Pacific Ry.—V.
Marquette
below
\..\4
.1
Cb'.,' New York, N;. Y;, has b
appointed trustee,
650,000 of equip-
issue'of
an
iw rif
1
Earnings—
1946
1947
$16,866,341
1945
$16,742,450 $19,43a,vl3
1944
6,337,797
6,713,340
8,842,229
$19,0uc(>681
8,542;756
3,101,763
3,468,326
2,634,288
2,453,257
34,319,681
36,648.978
40,753,572
38,504,157
12,686,081
16,154,358
18,990 928
17,3.54,423
6,232,051
8,662,945
6,334,000
4.986,998
railway
income
from
from
ry.
railway
railway—
income
oper.
165,
1312.
p.
dividends,
$3,563,152;
Chicago & Eastern Illinois RR.
February—
Paper
Co.,
Ste.
Ry.
Mar e
guaranteed
as
165, P- 1724.
Omaha,
from
Gross
Net
ry.
1944
$1,856,378
$2,343,438
$2,691,797
276,860
95,348
590,157
857,581
railway
oper. income—
35,462
*127,695
212,438
4,447,936
539,933
3,981,176
4,949,884
T,'196,22)
415,440
334,456
'
From.
Gross
\y>
Jan. 1—
irom
Net" from
railway
railway—
374,587*
'
'
Net
Neb.—Registers
:
1945
$2,129,629
from
Net
railway
Earnings—
1946
1947
with
oper.
ry.
income—_
*97,821
42,579
*Deficit.—v. 165, p. 1506.
•
company
on
shares
10,000
and
Mar. 31 filed
($1
par)
employees
a
Chicago Great Western
registration statement with the SEC
Shares will be offered directly to
T^'/.
'
Gross
from
Net
from
Net
ry.
.
.
.
1946
income—
1945
-
$2,318,040
$2,213 050
496.000
147,109
4,677,244
1,020,815
317,021
.
$2395,819
611.455
331.285
railway——
oper.
"
.
804,442
'227,634
274,382
4,552.363
4,836,699
4,95 5,0 21
655,987
1,267 439
1,565,577
464,197
549,376
*43,033,
From Jan. 1—
from,
railway
railway^
oper'.'" income—
Net
from
Net
,,..
railway
ry.
'
*76,823.
.
expansion of its candy-making capacity to about 15,000 009
annually on a single-shift basis is being undertaken by this
through its wholly owned subsidiary, Thinshell Candies, Inc.,
Chicago, it was announced on March 27. Leasehold arrangements have
been concluded, whereby Thinshell Candies will take over on Aug; 1
the five-story building at 341 West Superior Street, Chicago, now oc¬
165, p. 1312.
•
\
Chicago & Illinois Midland Ry.
165, p. 1311.
110,785
in
'.v^
agreement has been concluded whereby this corporation through
Its world-wide sales organization, will handle distribution of all prod¬
^
May1 24,
ucts
of
tinental
Skinner.
Ceraseal
United
Chemical
States,
President
of
it
Corp.
.
was
Ceraseal
the (entire
for
announced
arid
^
world
excluding
con¬
on' M^ch; 31 ^l?y; J3.
V:of. Celotex.•-.VV'i ';-"-' 'buTcfaaf)
The Ceraseal company manufactures ^
ovjjxi
from
Net
from
C,
••
1945
$468,083
$481,995
231.306
151,117
154 436
131,613
73,177
ry.
1.303,902
972,171
1,022,925
452,263
294,693
329 018
245,349
155,391
138,910
tailway
oper.
1944.
68,229
1947
railway
"
income—_
;
'
.$510,*747
/'
198,793
; 84.087
From Jan. 1—
Gross
from
Net
from
Net
ry.
—V.
railway
railway
oper.
165, p.
February—
Gross
from
Net
ry.
1185;
railway-^—income—
| Fr0m- ^
Earnings-
63,741
,
*103,978
,
3,087
,2,255.303
1,538,9.43
254,800
19,716
"
1724.'
fibres fof. materials to
Uh4';V',
.
-~7;7r
w.V»,
1944»
$1,082,357
•
•
181,812
^
■
386,224
>180,796
.
'
152, Q35
1946
'
1945
$743,388; $1,123,229
1947
■
oper.-
Mtu«80J§i
1,039,813
349,886
•••
from, railway—.— ..$1,077,988
Net
-
-
income—
Chicago Indianapolis & Louisville Ry.
■
An
1946
$622,823
February—...
Gross
..
(The) Celotex Corp.—Concludes Sales Contract—
\
1
"
Net
-
Earnings—
242,7-4
-331,744
3.277,857
2,191,956
817,592
763,530
470,381
454,630
;
%
-
5,404,476
1.569,956
551,318
v
■?£y0 f::y:
m >*•'■■■ v;--
Ry.—Earriings—
1947
$2,211,313
February—■
common.
of
t.
:
of Pere
company
>
agent for
''
'
.
..
pregnate $he
■■
*
Ry.— Merger
latter
paying
railway
oper.
Net
$7,463,516;
sources,
due May 1, 1956, are ready for
exchange for temporary debentures at The Chase National
Bank of the City of New York, 11 Broad St., New York, N. Y., and at
The Bank of California, N. A., 400 California St., San Francisco, Calif,
—v. 165, p. 1447. ■
-;'!4
y'V:?;''
rf>
From Jan. 1—
6,700,000
coastal
delivery
covering 60,000 shares of preferred stock and 390,000 shares of common
(par $20) -was fiIed March. 26. \For further details, see V, 165,
Ohio
a^-erit arid
Net
5,042,732
stock
Caterpillar Tractor Co.—Definitive Debentures Ready
-stocto
>; ^
*20,552
*
42,982 718
cupied by the* Johnson Candy Co.—V.
effective June 14, arid covering 312,000 shares of common
p*r) has b'een withdrawn.
A". new registration statement
xv.,-:-'.v.
272,165
Chicago Burlington & Quincy RR.
company,
which became
•
212.111
pounds
-California Oregon Power Co/—Old Registration Stateregistration statement
22.444
98,793
February—
—V.
profit
ordinary
on
703,764
.
-ment Withdrawn—
90,963
760,398
trust-'riertificates.—V. *165^! p.' 1724.
Gross
65,482,318
18,438,113
charges
—
int., Soo Line—
43,159,664
12,371,315
43.622,844
income
Fourfold
175,955
50,779
.
45,863
712,788
$
316,109 358 318,871,034 297,107,791
Definitive ten-year 2%, debentures,
166,854
5,972
578,124
168,107
&
Approved
♦Deficit.—V.
-
142.320
48,978
758,032
income—
oper.
Chesapeake
Gross
420,486
1
,
167,150
'
merit
1943
1944. ).'jo-q
the company at $45 a share.
Purchasers
must agree mot to transfer the> shares'for ;a period of'five years. Pro¬
ceeds will be added to general funds for purchase of additional equip¬
ment.—V. 163, p. 1420.
86,134
586,460
$408,558
99.280
♦Deficit.—V. 165, p. 1312
transfer
hi,
»
and
for
121,680
18,116
$343,714
26,308
Trustee Appointed—
1946
income
oLicers
$243,207
48,994
..
1944
$290,961
83,392
"
*202,299
Pacific Ry.—Eafriingjs^-1;
ations—
$197,164
1311.
•
Net
1311.
Carr-Consolidated Biscuit Co.—Expands Candy Oper¬
93.359
1945
$364,049
railway
railway—'.
from
219,222
*122,006
*223,203
165, p.
-Earnings
Ry.
1946
from
Net
325,856
earnings
SEC—
3139.
88,132
Carolina
~v
:
,
.
*108,572
income
oper.
V
1947
income—_
oper<
1312.
p.
.
railway
railway.
fr<fm
Carpenter
1944'
"
ry.
165,
Western
&
*74,422
to
future,
p.
Co.—V.
From Jan. 1—
*115,624
cation
$180,000.-
164,
Power
February—
from railway
Net from railway
Gross
*101,019
jand
\
/„
.
&
Gross
•
Vermont—Earnings-
*133,633
income—
♦Particulars of other income
profitable
a
Heat
Charleston
railway—
railway
-$90,298
Divs.
encountered last
immediate
continue
1946
$314,049
railway—,
Net from
railway
:
Steam
Net
meeting of
a
director
154,281
income—
*58,478
The
as were
in
will
1947
:Gross. from
•p. 1724.
ry.
1947—Month—1946
reV._
oper.
Net
p.
*109,967
tGuar.
RR.—Earnings—
Island
.Net ry. oper.. income—■
< no*
165,
$136,796
Fixed
Curb
Gross from
railway
(Neb'ifrom railwaytiuteuuu
.
shares.—V.
$465,910
oper.
Total
on
following
said.
ji tfurlington-Rock
rstock
750,000
1945
miscellaneous
reoccur
company's operations
.'■M:February—
^
of
*52,194
Net
„
The
issue
*112,607
Other
Exchange on April 2 approved the listing of
loo.ooo: outstanding shares of common
stock, par $1, out of an author¬
ized issue Of
150,000 shares.—V. 152, p. 1585.
(''Mil,).-! ;••".*
"'
•
called for redemption oh May 2, next, $7,000. of
gehferril mortgage 3Vn% bonds, series J, due Dec. 1, 1968, at
interest.
Payment will be made at The O d Colony Trust
and
h$;_
$155,443
Gross
'.
P.
been
deductions
$4,500,000 of 3V4%
Calendar Years~wr
Burd Piston Ring Co. of Rcekford,
III.—Listing—
165,
have
The Lawyers Trust
available.
are
1, unfilled orders
York
,
v*.
1945
on
of
ti 0. ((■! o.
V.
the company's general
$518,067
Canadian
all
(00Q, the largest in the company's peacetime history.—V.
.-Net ry. oper.
and for
Work, exps. (incl. tax). 271,652.778 280,055,0*24 275,711,370 247,896,224
,
New
...
Fixed charges and other
1946
Preference
years,
1945
not
are
.'basis,V. the statement
to-The
■
Cb^—-Partial. Redemption—
,
and
-Gross
1946
said
the
'£■'< As of March
Net
v
net income
which
1,059,876
r'1'"."ic*!'
March 26, the stockholders authorized
on
1
''"Barring unforeseen major difficulties, such
ahcl
918,740
>
From Jan. 1—
"
year
'
Central RR. of New Jersey—Earning&r—
1947
stock
common
company was formed last June through merger
Budd Manufacturing Co. and the Budd Wheel Co.
company
6,451,569
2,005,023
687,585
346,086
City National Bank & Trust Co. of Chicago, trustee, 208 SO. La
Chicago, 111.—V. 164, p. 2683.
'
Gross
Net
Net
operations since the year-end have been profit¬
able, adding that after providing for income taxes estimated at $457,800, the profit for January and February totaled $1,191,641.
(it
*
.-v-
\
Gross urom
surplus.
present
The
6,589,056
1,582,737
5,445,191
162,569
♦323,926
Period End. Feb. 28—
**•
$556,235
165, p.
bonds
Edward G.
1959,
authorized
an
-/.
comparisons with
The
due
Canadian Pacific Lines in
Net
earned
•'
#.
5,136,458
income.._
Co., trustee, 45 Milk jStreet; Boston,- MasSi—V. 165, p. 1585.
Net^r*.
Concession to members of
loss
"company announced
iv.',;: ••:'<*.
.110,600
1947
oper.
Bal.
showing
taking into
after
April 16, the
the* directors.
U.
t !•'
from
—V.
,
report
taxes
the
first
.
To Show Loss for 1946—
charges and
942,478
512,430
;*Ar
shares
common
annual
406,727
railway—.
oper.
There
$625,622
oper.
and
The
railway—.
702,356
83,910
,-tc
Central Maine Power Co.—Partial Redemption—
February—
from railway
Net from railway
represent shares purchasable at $7.50
by the Estate of Edward G. Btidd, deceased, under an option
granted to him in his
lifetime, and are being severally purchased from
the selling
stockholder and offered by the underwriters for their
respective accounts as follows: 25,870 by Carl M. Loeb, Rhoades & Co.,
and 25,870 shares
by Biyth & Co., Inc.
The company is not
offering any of the 51,740 common shares and
will not receive any of the
pioceeds thereof (but will receive the option
price
171,871
99,095
at
railway—
railway-.,
from
Net
per share
-
101,673
Gross
value
stated
ry.
Gross
Govern¬
the NASD
These 51,740
;
Salle St.,
From Jan. L—
(The) Budd Co.—Secondary Offering—Carl M. Loeb,
Inc., on April 1 made
shares
1
"128,271
-171,861
meeting held
of
♦Deficit.—V.
n,
336,501
from
from
Net
LIABILITIES—Note payable to bank (maturing in 1947), $100,000;
payable, $1,253,358; accrued wages, $95,598; accrued Federal
income tax, $454,795; other taxes
accrued, $228,762; note payable to
bank (maturing 1948 to 1955),
$750,000; insurance reserve (for risks
.not covered by insurance
policies), $100,000; deferred credits, $74,191;
stock
261,428
February—
accounts
$3
298,527
50,000 shares of 4%
issuance
Net
31, 1946
securities, at cost with a market value of $101,187), $100,000;
property,
plant
and
equipment
(after
reserve
for
depreciation
of
$20,584,855),
$11,356,648;
prepaid
expenses
and
deferred
charges,'
$67,341; total, $18,126,550.
capital
36,796
875,565
ment
.
51,233
249,877
^
♦132,103
.
The company has called .fdf redefnption on May i, next, through
operation of the sinking fund, $50,000 of first mortgage bonds, 2%%
series due 1971, at 102.20 and accrued interest.
Payment will be made
$168,588
87,395
Canadian Pacific Lines in Maine-
$1,382,081; marketable securities, at cost or below
(market value $1,955,909),
$1,920,329; U. S. Treasury savings notes
cost),
$1,098,000; accounts receivable, $1,802,058; materials and
or
income—
'
1944
$3,155,911
Mr.
paid
(at
59,198
*
'
$3,16.9,458
$2,664,631
96,447
-
1945;
1946
.
$2,545,023
♦Deficit.—V. 165, p. 1585.
mortgage bonds.
The company proposes to sell
10,000 shares of the preference stock of
$100 par value.
The proceeds from sale of the stock and the bonds
will be used to retire $2,000,000 of
4% bonds. The remainder, $3,500,000, will be added to working capital.—V.
165, p. 1585.
"
ASSETS—Cash,
(at
$136,392
65,060
84,566
and
equipment
of
•
from
from
ry.
Gross
Gross
supplies
shares
At the* annual
32,079
$900,838
.
CONSOLIDATED
'cost
$147,440
298,725
" 82,673
••
91,684
from
creation of
558 437
446,984
—:
per
$138,524
7,870
24,928
dollars
.
1947
oper.
Net
1944
Canadian Oil Companies, Ltd.—New
Stock and 3Y4% Bonds Authorized—
tax
—
income
Earnings
taxes)
charges—,
(incl. - excess
taxes
—
Dividends
421,441
555,584
21,268
—
(other than Federal income
and
1945
1447.
296^257
373^063
expenses
operating ^expenses
Federal
1946
of
,
Central Indiana Gfts
1947
from
common
g89 341
348^745
2,288,869
_j_
Interest
Gross
RR.—Earnings-
income—
oper.
solutions are forti¬
by mold, nUdftW,
The
moisture, mildew and fungi, the announcement
'•
: "'JrAJ'\'pK 11^:1-l:
railway
railway.
Net
equipped to make acetate yarn
fabrics.
This plant is located at Sorel,
Quebec. At the same time, the
company plans to expand and improve
the facilities at the
existing plant at Drummondville, Quebec.
There are presently
outstanding 400,000 shares of an issue of 600,000
shares of $1.75 series, $25
par, cumulative preferred stock and 310.409
$7,447,171
2,363,500
1,020,418
921 779
Depreciation
Taxes
ry.
-The company is
building a new plant
to weave this yarn into
63,935
expenses
expenses
Other
Net
766,807
•
Net
Transportation
General
658,190
millions
preventing
to
from
from
and
$7 383,236
Total income
Maintenance
in
due
From. Jan. l—
$5,000,000 3.%'% debentures,
expansion program.
.v
1945
$6,898,845
62i4n
and
Gross
The funds obtained by the
company through issuance of the deben¬
tures and preferred stock will be used
to redeem presently outstanding
Buckeye Pipe Line Co. (& Subs.)—Annual
Report—
Years Ended Dec. 31—
Transportation
101,489
moisture.
Central of Georgia Ry.—Earnings—
$249,232
15-yet-r debentures.
*
--
& Co., of Wilmington.
Proceeds will be
purchase of mink breeders and other
business purposes.
for
losses
February
575,854
company about March 20 notified the Montreal Stock
Exchange
that the directors have authorized the
issuance of a total of $10,00.0,000 debentures and 100,000 shares of
new $1 series preferred stock.
Of the debentures,
$2,000,000 will be 2V4% serials and $3,000,000 3%
with-the SEC
stock to be offered at $2 a share.
common
16,387
Canadian Cclancsc, Ltd.—To.Sell Pfd. Stock & Debs.^-
letter of notification
a
$2,722,059
104%
outstanding
r
company on Mar.
117,119
and
which prevents disintegration
fungus contamination.
The
of
v
Underwriter,. L. ,B. Eberhardt
.
was
Haven Fur Fari»,
Inc.,
Brook
$2,500,922
511,012
144,361
.
railway—.
railway
T
Net ry. oper, income-.-.*"
—v. 165, p. 1311. r -
White,, President.
299,030* shares with none
effective
Net
:
dampness
and
$2,705,672
Arthur, P.
Ltd., holds 99.6%
165, p. 1584.
stock.—V.
with SEC—v
-•
Corp.,
ry.
Net
m -
.v
,
Lawrence
Brompton
.exception of
the resolution.:
of
proved
material
taxes
income
Gross
?S5 Pre'?ided at the meeting, said that R. W. Steele,
r£v oi!r^Slgn? ?ome time ago due to ill health and
f^ini &
d«e to pi-e.ssur.e of -other- work. In a
piesent ^SS£-/Sl With the i^as.sfcated the intention was to re-elect
directdrc.
The 'Vote In* favor
$2,388,038
J 12,884
$499,971
From Jan. l—
members.
_
$482,265
115,914
—
against
fungicide
added.—V. 165, p. 1724.
1,889
February—
Gross from railwhy—_ "
Net from railway___—
following■
M^ox, P. -C. Baker,- A. H.:
wS-c^^'piuart%S'and Flood are new
w«^nklP-a***1
Pox, Campbell, Davis
Federal
5,235,760
a
(termite)
5
Developed for the Government during the war, Ceraseal preservatives
$7,188,497
'• 4,482,825
$7,023,798
$498,082
1
with
insect
1946—12 Mos.—1945
.56,412
(net)„
Cambria & Indiana
electing
new
fied
$254,121
$1,331,720
$1,379,398
♦Includes dividends from unconsolidated
Mexican subsidiaries in the
following amounts: Fouth quarter 1946, $51,482; fourth; quarter in
1945, none; year ended Dec. 31, 1S46,
$97,101; year ended Dec. 31,
1945, $7,716,—V. 165, p. 1585.
operating facilities
N^ltomlns, ^
sealing them
Subs.)- -Earnings—
$425-,853
income
income
on
(&
$1,543,279
1,045,197
1,292,351
'
•
revenue
income
for
Net
of one.
SdfbC USed
The
;
Inter., etc., inc. deduct.
Prov.
inrt
'
'
operating
Gross
$1,718,204
deductj
'
*Other
•
Co*
1946—3 Mos.—1945
re\enues
revenue
c'
Net
Service, Inc., Robertson* Mo.—Files
Power
(Mexican subsidiaries not consolidated)
^
Period End. Dec. 31—
.
Mass.
atarlf1as^ntrv'idpri
provided
stock,
.
'
(1861)
1945
February—■
1947
1946
Gross from railway-- $16,272,657 $14,936,625
Net from railway——
; 3,276,222
2,430,920
Net ry. oper. income—
L20L252
1,129,179
•
From Jan. 1—
Net
from
Net
ry.
—V.
income
oper.
$17,334,678
Divs.
5,042,813
5,304,030
Divs.
2,492,516
2,295,296
36,860,789
11,102,543
5,031,051
33,101,422
7,329,810
3,405,240
33,881,416
6,899,726
2,606,340
railway
railway
_
Int.
Chicago & North Western Ry.—Earnings-
and
from
Net
from
Net
ry.
Prov.
—V.
25,334,954
railway
*668,247
165, p.
paid
Divs. paid
5,975,901
on
4,082,190
BALANCE
A
1313.
U.
5,258,837
523,776
1947
February
from
Gross
from
Net
ry.
railway
Gross
)
1,339,414
1,353,565
1,871,716
6,986,989
26,918,243
8,123,656
31,471,080
12,273,258
29,064,295
11,406,961
3,142,088
3,914,320
4,193,838
Total
2,455,532
26,887,108
3,518,940
$4,767,625
$3,482,720
865,850
348,530
$3,518,940
872,250
369,019
7,415
$4,767,625
*—
railway
Net from railway
Net ry. oper. income—
—V. 165, p. 1313.
Co
:>
LIABILITIES—
Common
stock
Class
•
from
Coca-Cola
of
_.
<•;
stock
A
Fed.
for
Res.
—
inc.
normal
surtax—
and
tax
Total
—V.
Chicago St. Paul Minneapolis & Omaha Ry.- •Earnings
February—
Gross
from
Net
from
Net
ry.
income—
oper.
1946
1947
$2,246,332
260,693
*75,241
\
railway
railway
from
$2,089,943
Net
from
Net
ry.
594,224
*207,942
248,759
300,530
4,242,091
4,245,865
4,525,617
450,168
896,045
income
201,625
462,470
♦Deficit.—V. 165,
Refractories
1,157,312
612,975
i
Mar. 28 filed a registration statement with the SEC
The company on
($5 par) common. Underwriters, Harriman Ripley &
Co, and Lazard Freres & Co., both of New York. The shares are being
sold
of
New
Order
dated
York,
of
U.
March
Debentureholders—
District
S.
21,
Court
for
the
3 Mos. Ended
Southern District
Total
being made begin¬
($6.83 representing
1947, and $93.17
representing a partial payment of principal),
on
presentation tor
stamping of 15-year 5% gold debentures, due 1943, "part-redeemed,"
and 15-year 5% debentures, due 1957, "part-redeemed."
1
The
New
York
Stock
Exchange directed that the debentures be
quoted ex 10% on March 31, 1947; that the-debentures shall con¬
accrued
from
Dec.
1947,
payments
$1,000
per
1,
1946,
March
to
dealt
be
in
"flat,"
and
to
be
p.
22,697
18,118
32,392
£41,203
£9,594
£90,255
1452.
Co.,
New York,
N.
Y.,
Midland Trust Co.,
and
the
on
Colonial Mills,
New
The
annum.—V.
165,
..
tion
The
.
has
company
,
The
called
of
common
stock,
up
to
and
March
including
February—
from railway
Net from railway
ry.
April
15,
1947,
Net
deliveries
be
may
of
the
been
board.
Mr.
Knox
and
had
until
been
Jan.
l,
served
as
President
company
for
223,954
subscription to
shares
cn
March
of
Bonwit
shares
($1
,
par)
registration statement
common.
Shares
basis
on
of
will
one
be
with
offered
for
share for each
This
10
The
February—
from railway
Net
ry.
713,841
$1,198,635
626,621
income—
607,040
511,954
oper.
From Jan. 1—
Gross
Net
railway—
from railway
Net
ry.
—V.
165,
679,586
5o3,598
562,599
3,045,762
2,256,508
1,549,911
1,088.522
1.298,411
867,883
1,069,656
have
2,483,579
All
they
1313.
p.
company, in a circular letter dated March
31, which accom¬
panied a dividend check in payment of
quarterly dividend of 60c per
share on the capital
stock, said:
*
In addition, the board of directors on
March 5, 1947 declared divi¬
dends, payable in monthly instalments, of 2Qc
per share commencing
May 1, 1947 for the balance of the year, so that
15th
will
will
day
payable.
regular dividend
mailed each month through Jan.
1, 1948.
Such divi¬
payable to the stockholders recorded as such on
the
each mcnth preceding the date when the
be
be
of
This
dividend ' is
places the
stock
on
Recently the company acquired
an
annual
dividend
basis
of
$2.40
controlling interest in the out¬
standing capital stock of Snow Crop
Marketers, Inc., distributors of
quality frozen fruits, vegetables, poultry and fish.
Thq Snow Crop line
orange
juice
of
concentrate,
frozen
a
foods
now
includes
a
new
i
frozen
represents" an outstanding advanee
previous methods of preserving citrus
juices,
•
ce
Distribution is being extended to
many large population centers in
—V* 165
13i3
products available at neighborhood
b0a''d t00k simllat
cents
163, p. 2002.
•
for
System
-1
„
.
1946,
(see
with
the
with
income
those
.
the
of
corporation
show that the
below)
.
statements
for
financial
During
future
from
structure
the earlier
.
prior years
of
year
the
Dayton
and
and/ the
share
on
12
y "
and
"
■
,
,
Co.
made
those
or
been
transition.
of
changing
itself of
divesting
1946
the
Cincinnati
which
statements
the
1946
same
will
are
it
as
come
on
though
as
unlike
is
either
corpora¬
groups
of
which
years
after. V
"pro
a
the
the
OF
DAYTON
entire issue, of
an
share.
group
,
was offered
basis—that
during
the
is
periods
now.
been
shown
amount
of
Union
c'ompetitve-bidding
1,530 000
of the Dayton Power &;
$33,639 per share., Subse-
expenses,
to
net
the
public 'at
proceeds
to
the
an
offer
August
coipoiation
t6
and
sold
its
common
underwritten
2,040,000
shareholders,
by
a
shares,
been
required
aggregate
involved,
of the companies
made
reserves
reserves
were
on
& Power Co. (a
Kentucky Natural Gas
process of dissolution.
'
>" '
Light,
Heat
non-affiliate) and tne
and the company
Co.,
(COMPANY ONLY)
1946
Y'ears Ended Dec. 31—
subsidiaries
from
Other
income
Total
-
41,402
-
1-
revenues.
General and
^rsy
administrative
Fees for services rendered
Corp.—
Columbia
Prov.
for
836,847
153,417
163,104
175,618
550,229
'
553,797
50,661
(no
591,161
payable)—
tax
30,912
$13-288,174
914,154
l,2UU,b y
cost
at
tax
income
Federal
profits
excess
9'89I'n79
$14,217,144 $13,116,493
expenses
Engineering
by
d.ooca4cun
$£,359,540
1945„„„
$3,277,038
9,803,129
36,326
consol.—
$3,025,657
consol.11,150,085
subsidiaries
from
Interest
38,103
42,036
—
2,796,£'75
Misc.
16,343
2,796,875
92,414
20,314
2,796,875
92,414
$9,691,984
$8,537,367
$8,402,268
Other
taxes
♦Interest
__———
on
income
♦Net
deductions—
income
:
Net income per com.
♦Before prov.
♦After
debt
long-term
shr. outstdg:
92,414
15,892
—
_
fiq
cn
^
$0.79
$0.63
fpr retir. of debs—
for retir. of debs—
prov.
52
$0.53
» •
Statement" whic
^
♦See
(*)
under
"Pro
Consolidated Income
Forma
follows:
CONSOLIDATED
PRO FORMA
INCOME
1946
Years Ended Dec. 31—
:
STATEMENT
1944
1945
^
Subsidiary Companies:
revenues;
'
Gross
-
Oil
■■
and
Total
$87,268,523
-
....
gross
misc. inc.-—4
revenues
Operation—
and
27,-155,391
4,165,317
etc.
gasoline,
oil,
royalties
Administrative,
3,869,566
—
other
oper.
5,628,760
for Fed.
excess
taxes
Income
7,865,142
3,973,400
8,178,567
4,756,260
4,725,331
5,220.865
524,081
7,365,274
3,967,999
9,034,521
*5,231,161
'-5,146',240
4,199,349
profits
7,682,286
7,820,005
tax—
4——
5,432~U5
—
460,410
deductions
______—
Balance applicable to corporation-
$19,162,504
,
17,133,500
3,988,490
3,978,311
9,494,277
expenses———
4—4—-
Prov. for deprec. and depletion——
Provision for Federal income tax___
Other
$83,3
22,055,912
4,028,685
3,820.938
5,270,533
5,076,527
sales
accounting,
Maintenance
Prov.
5-306,524
292,822
*
$95,070,481 $86,917,688
Transmis. and distrib. exps—,.
and
$81,225,547
5,184,746
507,395
.
1-
Purchased gas
Product. of gas,
Rents
5,544,534
2,257,424
gasoline-———-——
Other operations and
$16,497,974
5,513,531
630,408
-
$16,263,39
Columbia Gas & Elec. Corp.:
Administrative
less
and
misc.
of
group
the
entire
made
in
the
investment
issue,
of
♦Fixed
before
charges
other
exps.
and
1,578,126
1,633,197
L94M13
$17,584,378
2,905,632
$14,864,777
2,909,603
$1„'£Qr'i8i
$14,678,746
$11,955,174
$11,408,3
$1.20
$1.04
®0. a
$u.Bi
revenue
latter
common
charges
net
income
Cons, net inc. per com. shr.
♦Bef. prov. for retir. of
outstdg.:
for retir. of debs
corporation
the
debentures,
stock
—
debs
♦The indenture securing the corporation's new
to make regular annual payments
part
bankers,
fixed
-
♦Consolidated
♦After prov.
,J..'v.+:,SALE OF CINCINNATI COMMON STOCK
By
of
the
the
Central
to
Balance
stock
lor
by the underwriters
After
deducting
$51,357,085.
were
sim«<
maximum
COMMON STOCK
common
underwriting
studies had
that
than
Oas
forma"
System
income per share of common stock has
deductinS from net income an
a?
to
per
"Hon at
Julv
change
of
Amortiz. of debt disct. and e: pense_
for
years.
periods of
I
statistics from that
.
the
policy
management's
Columbia
the
SUBSIDIARY COMPANIES
OF
—
in the past year, in
this report uses a dif¬
structure,
Statements"
for
restated
^
corporation
V
per
of
S^ntly, this stock
$35.o
directors have deferred consideration of
payment of a dividend
James T. Murray,
President, told stockholders at the
tSiTtLTln' W46eW °n MarCh 28' ThC
The
in
taxes,
June,
50
financial
new
SALE
Light
»
NUMBER
IN
PRO FORMA INCOME STATEMENT
Annual Report
—
by step,
its
income
i
of
Dec.
approximately $iu,the books of such com¬
panies. With the approval of regulatory authorities, the excess amount
of reserve was returned to surplus.
Bracken County Gas Co. (a com¬
pany with only.about $3,000 of net assets) sold a part of its properties
remainder
On June 13, 1946, the corporation sold
at
markets.
f
The company last year
paid
Oct. 11, and $1 on Doc. 5.—V.
t
ADJUSTMENTS
these
to
less
700,000
to
$2,000,000 for debt retirement.
Coca-Cola Bottling Co. of New
York, Inc.—Defers Div.
until
was
been
Mnnnn(i0rf
which
over
in American Water
contemplated in the
1938.
in
indicated
which
506,101
was, for this corporation,-a
in the actual process, step
income
had
as
common
depreciation
951,117
These "pro forma" statements and
figures exclude, for the entire
periods covered, the operations of
companies which have been divested
and give effect to
the refinancing which has been
completed.
Onlv
on this
"pro forma" basis can information
concerning past periods
be given
which is in any sense applicable to the
present Systemhowever it must be remembered that the
present System did not exist
as such in these
past periods and the pro forma
figures are of necessity
lestated figures, adjusted to
project a present situation into the past.
The indenture securing the
corporation's.new debentures requires
*jCv?rp?
biake regular annual payments for the retirement
of debentures,
ranging from $2,000,000 in the years 1947
through 1949
up to $3,700 000 in 1970.
Although payments 4o retire debt are not
strictly speaking, charges against income,
they must be taken into
account in any realistic view of
the balance of
earnings which the
corporation will have available for common
stock dividends.
Accord¬
ingly, .in the pro forma income statements for
past periods included
Clinton Industries, Inc.—Enters Frozen
Foods Field—
dends
other
covered
The
checks
Prior
2,549,296
1946
before
gone
Corp.,
transferred its assets to Central Kentucky Natural Gas
transactions, which were concluded as of Dec. 31,
Kentucky,
1946,
708,508
comparable
process
have
investments
United
structure, five subsidiaries or
by transfer of their assets to
other System companies.
Warfield Natural Gas Co., Huntington De¬
velopment and Gas Co. and Point Pleasant Natural Gas Co., with
operations fn West Virginia and Kentucky, transferred their assets
to United FuM Gas Co.-Cincinnati Gas Transportation Co., operating
322,658
called.
1,142,561
2,491,158
Its
of
Supply Co. and other
the corporation com¬
of the System's corporate
corporation have been eliminated
rates.
1,382,950
1,362,043
income
in
Income
to
with
line
In
the
2,366,229
and
657,233
report,
annual
plification
80,002
and bank loan notes;
during the later periods only new serial
sinking fund debentures with their
substantially lower interest
During a major portion of the year it had
outstanding preferred
and preference stocks but in the final
period all such stocks had been
1944
$1,228,160
This
from
oper.
1945
$1,224,476
begun
was
258,129
tures
1946
$1,440,671
which
1,782,429
$8,626,997 for the common stock in 1946 and
earnings were $13,613,758.
statements,-while they show the historical results for
be
received
sale
and
respect
As of
in
share.
per
276,761
has changed substantially
important properties.
tion
$10
106,345
comparable
old
1945
Fuel
stock capital account, thus making the
the corporation's common stock equal
31, 1946, there remained in "capital
surplus" $14,565,510, which amount is available for charges applicable
to periods prior..to Oct. 1,
1946, but is not available for dividends.
The corporation has created a new surplus account entitled "Earned
Surplus Since Sept. 30, 1946," which surplus is available for dividends.
At Dec. 31,. 1946, the balance in that account amounted to $2,927,130.
This action is the final step in a plan of accounting reorganization
to
146,279
presenting income and operating
is because
its
the
Co.
the
transferred to
stated
capital
33,628
companies; during the later periods it received income from
neither.
During the earlier periods the corporation had
outstanding 5% deben¬
railway—
from
512,450
earned
corporation
from
.
1947
Gross
not
the
INVESTMENTS
Ohio
The
approval of the Securities and Exchange Commission, the
corporation's investments in subsidiary companies were stated on a
basis of underlying book net worth as of Sept. 30, 1946.
As of that
date, all surpluses of the corporation, aggregating $134,443,885 (inc'.uding
"earned surplus" amounting,1 to $13,570,020)
were
classified
as
"capital surplus" and $110,068,866 of such "capital surplus" was)
Divs.
consolidated
not
of
the
With
378,819
and
in
income
are
will
MISCELLANEOUS
sale
in
1946
Electric
&
62,124
consolidated
These
Proceeds will be used to finance airline
operations and
acquisition and development of oil properties.
Company also plans to
funds to Summit
Airways, Inc., of whose stock it owns 61%.
—V. 164, p. 2688.
Net
and
1946,
and
advance
RR.—Earnings—
348,710
,
the
OF
the
to
during
1,897,190
System
owned
parent company
held.
Clinchfield
addition
In
investments-outlined
is
"Historial
alone
York—Registers with SEC—
stockholders
common
'
a
$1,299,065
~
114,895
in previous reports.
The
Teller
thai;
filed
28
$843,301" $1,153,538
Crocker, President, in his remarks to stock¬
ferent method
Managing Director of Kline Service
as
had
on
SALES
•
Co.
1944
1186.
the
properties
used
serving
Claude Neou, Inc., New
The
165, p.
Because
appointed Assistant to Albert M. Greenfield,
appointment becomes effective immedi¬
1946
1945
holders, states:
Co., Philadelphia.—V. 164, p. 3140.
SEC
and
section.
in
1945
Columbia Gas &' Electric Corp.
This
were
cumulative
»
1313.
p.
194,403
income—
oper.
Stuart M.
ately.
Co.
165,
$915,711
from
ry.
—V.
made
City Stores Co., Phila.—New Official—
Knox has
share.
1947
income—
oper.
5
redeemed at $111.50 per share and 38,695 shares of
preferred stock, 5% series, were redeemed at $106.25 per
Oct. 16, 1946, 121,£49 shares of convertible 5% cumula¬
tive preference
stock were redeemed at $100.85 per share.
These
redemption prices included amounts equal to accrued dividends to the
dates of redemption.
In completing this program the corporation successfully
marketed,
on favorable terms, securities with net proceeds of $197,830,516, retired
securities having
aggregate
redemption prices of ' $187,660,000, and
at
the same time obtained
$10,000,000 additional cash for use in
connection with the construction program discussed in the following
A,
series
share;
REDUCTION
From Jan. 1—
with
temporary certificates or with permanent certificates;
beginning April 16, 1947, only permanent certificates shall be a
delivery.—V 163, p. 3130.
B.
to $1,012,500—V.
Gross
Net
SECURITIES
of the sales of the Dayton and Cincinnati
and the two issues of debentures, the corporation on
July 15, 1946 redeemed $44,914,000 of debenture bonds, 5% series due
1961 (the entire amourit of debenture bonds then remaining outstand*
ing) at 102% of par; and prepaid $5,500,000 of its bank loan notes
due Sent. 28,
1947; and on Sept. 16, 1946 prepaid $16,500,000 (the
remainder) of its bank loan notes due Sept. 28, 1947; and called for
redemption its outstanding issues of preferred and preference stocks,
On Nov. 15,
1946, 941,820 shares of cumulative 6%
preferred stock,
stockholders
amounted
that
John
old
500,000
railway
Net from railway
directed that
28
either
Chairman
each
for
Colorado & Southern Ry.—Earnings-
City Investing Co.—Form of Certificate—
on
shares
new
1946,
for
York Stock Exchange
Exchange on April 2 approved, the listing of
par capital stock in exchange and substitu¬
par capital stock, on the
$5
en
Gross
New
Curb
new
SENIOR
and the debentures due
presently outstanding $7.50
at the postponed special meeting, which will be
April 7,(Vwill vote on increasing, the authorized;capital stock
shares, par $7.50, to 1,000,000 shares, par i$5, in order
to provide for the „two-for-one
split-up.
The increase Jn capital of
$945,522 will be', charged against paid-in ^surplus, which at Nov. 30,
redemption on June 1, next, through
operation of the sinking fund, $7,000 of first mortgage 4V4% 25-year
sinking fund bonds, series A, due Jan. 1, 1961, at 102 and interest.
Payment will be made at the Harris Trust & Savings Bank,
trustee,
115 West Monroe Street,
Chicago, 111—V. 161, p. 2328.
The
two
from
'
.
378,609
of
held
Citizens Independent Telephone Co.—Partial
Redemp¬
tion—
for
basis
936.
p.
York
New
757,218 shares of
York, N. Y.
.
Judge Edward A. Conger on March 23 also ordered the
trustee for the company to pay a sum equal to 10% of other claims.
John F. X. Finn,
trustee, stated that after the 10% payment in
the case of the debentures, the unpaid principal due
per debenture as
of April 1, 1947, will be $248.12 on which interest shall accrue at
6%
per
Inc.—Listing of New Stock Following
Split-Up—
being made at the- Empire
debentures due 1957 at The
are
Federal
'
47,751
including intangible drilling expenditure on producing fields amount¬
ing to £33,815 in 1946, £37,996 in 1945 and £25,314 in 1944.—V. 165,
contracts
Marine
«
900
234,693
41,749
show
Trust
&
900
240,256
58,418
Profit
-
a
subsequent coupons.
Payments on the debentures due 1943
•
900
289,612
fees
OF
to 2.25%
proceeds
1944
£405,992
Admin,
delivery in settlement of Ex¬
made beginning March 31, 1947, must be stamped
payments totalling $950, the debentures due 1943 carry no
coupons, and the debentures due 1957 must carry the Get. 1, 1943, and
change
to
1945
£310,618
*Drillir.g, production and field exps.
and gen. expenses, etc.—
Provision for depreciation
31,
an
combined
stocks
ACCOUNTING
1946
£412,832
—
groups
a
"integration program."
Ltd.—Earnings—
Sept. 30—
income
Directors'
are
debenture
to
.
tinue
RETIREMENT
the
of
Works
ning March 31,. 1947, of $100
interest
public at prices to yield from 1.20%
1971 were offered at par.
pleted
1313.
p.
Childs Co.—Payment to
to
of the
88.8%
by Corning Glass Works, New York, and represent
total outstanding common of the company.
DEBENTURES
at 99.052% of par, and $77,500,000 were 3(4%
debentures
1971; which were sold through negotiation at 99% of par
The
debentures were 'initially offered by the underwriters to the
cue
182,520 shares
Colon Development Co.,
Pursuant
Ky.—Registers
Louisville,
Co.,
with SEC—
for
railway
oper.
1313.
Cohart
$2,229,621
463,877
4,749,466
598,149
*42,837
railway
165, p.
1944
1945
$1,991,046
130,235
From Jan. 1—
Gross
216,000
872,253
4,557,674
income—
oper.
From. Jan. 1—
stock
Common
1944,
1945
1946
$12,v'50,704 $12,541,451 $15,212,520 $14,581,207
5,945,308
3,533,618 ! 5,962,802
3,131,468
__
railway
$lou,435
$">1,843
200,000
865,850
3,482,720
$4,700,413
:
—
OF
net annual interest cost of 2.9%,
u
Of these debentures, $20,000,000 principal amount were 1%%
serial
debentures clue Sept. 1, 1947-1956, which were sold through competitive
common
$4,700,413
tax notes——
Coca-Cola Co
Treasury
A stock of
SALE
the- corpqratiqn sold to underwriting
aggregate of $.97,500,000 principal amount of debentures at
September,
In
Out
1945
1946
'
Net
$5,807,394
5,278,614
529,704
DEC., 31
in bank
S.
Class
r*#
bidding
$5,781,301
SHEET,
share
serial
Ml
QQTTTC!
Cath
Chicago Rock Island & Pacific Ry.—Earnings—
1,236
370,685
•
5,249,808
520,335
_
7,379,964
2,962,591
2,352
1,145
$5,766,040
-
stock
class A stock
oommon
on
shareholder*
one
initial
3o9,019
I
income
Net
i,2uu
348,530
-
share,
829
6,000
1,100
and'
tax
surtax
26,067,207
25,846,363
24,816,462
3,819,970
1,486,217
2,063,590
income—
2,270
—
normal inc.
Fed.
for
136
912
of transfer agt. and
exps.
expenses
Divs.
railway
oper.
—
common
six shares of Columbia common
stock held of record on Aug. 22, 1946.
Columbia shareholders Z
cnased 5y2,475. snare3 and the underwriting group purchased 1 447 52*
shares at the same unit price.
The net proceeds to the corporation
amounted to $50,204,221.
$6,189,596
registrar
From Jan. 1—
Gross
tax and report fee
fee
General
1944
1945
1946
$12,087,287 $11,872,718 $12,740,659 $13,014,632
3,856,555
from railway——
2,995,430
588,650
1,785,755
1,974,045
1,436,065
631,921
<811,603
ry. oper. Income—
Net
-
—
-
Delaware franch.
Retainer
Fees
Net
$5,161,764
827
6,000
2,300
1.007
tax notes
S. Treas.
U.
Total
11,793,279
5,235,484
fees——
conversion
on
Directors' fees
February—
Gross from railway
$5,637,642
523,776
76
270
$5,658,344
529,704
$6,125,753
825
6,000
1,050
Coca-Cola Co. class A stock
on
Stock
165, p. 1452.
1947
$5,599,844
520,325
195
5,378
Coca-Cola Co. common stk.
on
Gas & Electric Co. Columbia
at $26 per
the Cincinnati
given the right to purchase,
Cincinnati common stock for each
were
1944
194S,.
t
35,857,891
J
„
from
Gross
31—
Years Ended Dec.
1944
of
Corp.—Earnings
Coca-Cola International
Pacific RR.— Earnings
Chicago Milwaukee St. Paul &
Monday, April 7, 194J]
FINANCIAL CHRONICLE
THE COMMERCIAL &
years
up
ranging
from
to $3,700,000
in 1970.
deben^ure®JfrZient
for tne i
for ine ■
Interest requirements on me
$2,000,000
per
$0.93
$0.77
annum
of
three
Number 4583
yolume 165
will
bentures
purpose
the
THE COMMERCIAL &
FINANCIAL CHRONICLE
decrease as such debentures are retired."
However, for
of the above pro forma statements, tne annual amounts
debt retirement, for all years, are the
applicable to the initial twelve months period following ine
of the new debentures.
used
interest and
ror
HISTORICAL
FOR
INCOME
YEAR
in
from subsidiaries consolidated
from investments sold during the
Other income
Income
3,318,933
3,318,933
1ju,3b3
—
Expenses:
$988,283 $55,501,444
l,9L'l
7,684 267
13,987',250
735,129
Total
expenses
$1,725,393 $77,172,961
before
Balance
income
deductions
Income
deductions
$15,810,684 $21,257,854
___;
for
the
to
Corp.—Weekly Output-
of
electric
show
wcek
2,8031860
2,343,457
March 27,
1947,
amounted to
compared with 242,351,443 for the
corresponding week
increase of 45,424,855 or
18.76%.—V. 165, p. 1725.
Divs.
on
Sept. 30,
Net
"
profit after charges
Earned
The
per
common
above
of
its
and
as
taxes
$858,884
$435,877
$0.54
$0.2,7
share
figures do
affiliate,
not
reflect
Titan
Metal
Coppermines*
interest
in
the
to
Balance
dividends
Cash
on
SHEET,
DEC.
31
(COMPANY
1945
$
in
♦Investments
$
210,8^2,449
277,b <2,346
27,956
consolidated
investments (net)
1,748,664
,
deposits—
and
252,196
(at
cost)
8,321,5b'4
950,538
131,037
_
252,154
14,673,045
10,799,464
band—
on
Government securities
81,570
•
Unamortized
debt
deferred
Other
Total
discount
expbnse
and
1,199,123
1,174,650
22,205
7,947
charges
239,952,154 291,585,453
—.
LIABILITIES—
Capital stock:
6% preferred stock, series A
5% preferred stock
cumulative
5'fa
Common
preference
stock,
103,600,200
4,062,975
stock
12,184,900
™
par—12,229,874 shs
no
122,298,740
97,500,000
112,886
Accrued interest
Accrued
Other
___I
1,032,029
889,317
Accounts payable
12,229,874
932,292
Debentures
904,119
long-term debt
on
taxes
current
and
accrued
liabilities
66,914,000
43,870
538,156
726,271
and
Reserves
special surplus
Capital surplus
75,057,164
14,565,518
Earned surplus
Total
239,952,154 291,585,453
-
-'After
of
reserve
15,018,166
$1,301,587 in
CONSOLIDATED
1946
and
BALANCE
$5,706,487 in
SHEET,
DEC.
1945.
31
1946
ASSETS—
Property,
Misc.
$
plant
and
investments
Cash
in
banks
equipment,
and
and
incl.
advances
hand
on
Accounts
and
Purchased
notes
*8,799,983
storage
11,205,319
6,339,039
receivable
underground
supplies
13,676,861
5,433,318
6,353,978
prepaid insurance, taxes, gas lease rentals and
royalties, etc.
Special funds and deposits—Unamortized debt disct., premium and expenseOther deferred charges
1,127,201
1,770,816
255,585
6,362,703
1,199,126
1,174,650
360,654
_
Total
8,135,686
1,051,426
406,305,654 679,617,024
Minor, int. in
com.
of
public:
stks. &
surp.
app.
thereto
37,000,200
75,592
43,259
Columbia Gas & Electric Corp.—
6% preferred stock (par $100) series A
5% series preferred stock (par $100)
5% cum. preference stock (par $100)
103,473,040
4,062,975
12,166,800
(12,223,256 shares no par)— 122,232,560
JLong-term debt in hands of public—
Subsidiary companies—first mtge. bonds
Columbia Gas & Electric
Corp.—
3Va% debentures due 1971
77,500,000
1 % 'fa
serial debentures
Debenture bonds 5%
series, due Jan. 15,
1 Va % notes
pay. to banks, due Sept. 28,
INotes payable to bank
250,000
4,744,325
.
18,186,714
26,965,931
932,292
impounded
(net)
1.281.245
1,541,810
2.267,193
2,277,060
1,312,454
3,102.276
2
and
injuries and damages.:
Advances for and contrib.
40,615
depletion
136,645,499
aid
of
197,130,704
___
in
first
oook net worth"
net
of
such
date.
In
This
common
reserves
which may be required in connection with the restate¬
mifrence stocks authorized,
The
fUlt !■ instituted
of
«ct
prising out
is
of
securities in which
165,,
p.
also
defendant
a
value
"
preferred
and
defendants
in
a
two
actions
under
the
Sherman
by the corporation in 1930 of certain
treble damages aggregating $75,000,000 are claimed.
ding are the
surrender
Life Insurance Co.
of
to
as
Issue
New
York,
in
Edison Co.—Weekly Output—
group
of
N.
The
tion
well
the
as
interest
second
step
in Consolidated
bonds
and
the
debt.
redeeming
Last
month
the
is to be
rate
8_III~
1G5, p. 1725~
r
Edison's
proposed
1947,
to
prac¬
the prices
bring them
also has
to
Continental
under
come
the
which
If
long
a
of
this
plant building, transferred
placed bids with the War Assets
properties
operations.
at cost,
for
terms
Administra¬
located
well
are
these
properties
and
well
obtained,
are
buildings
new
York
will purchase,
company
them
to
1946.'
and- any
New
lease
property
that may be erected, will be offered to
Insurance Co.
under
the
terms
of
the
above
Life
financing
agreement.
Eggerss also reported the approval on Feb. 4,
1947, by the
stockholders of' Hummel-Ross Fibre
Corp. of Hopewell, Va., of the
sale of the net assets of such
corporation to the company, in exchange
for
293,780 shares of the Company's common stock.
Hummel-Ros*
Fibre
Corp.
fibre
drums
produces
and
Continental's
kraft
linerboard
barrels
in plants of
subsidiaries.
principal
CONSOLIDATED
used
The
INCOME
ACCOUNT
(Including Wholly Owned
in
the
manufacture
Container
Company,
FOR
CALENDAR
Subsidiary
ol
of
one
YEARS
Companies)
1946
Net
sales
&
operating
Cost of goods
revenues
1945
212,924,315 206,071,251
190,465,732 181,871,822
sold & operating expenses
operating profit
advertising, general
Selling,
Net
22,458,583
24,199,429"
12,645,726
112,811
" 9,111,381
&
13,239,530
107,672
admin.
&
notes
11,440,892
877,600
Dr72,173
542,657
286,284
exps.__
accounts
operating
income
Net profit on sales of
capital assets & securities
& int.
on
securities & investments
Other income & interest
Dividends
560,921
350,801
Total
Provision
of
Consolidated
banks
in
company
Net
of
As
now
contemplated,
the debentures
the
convertible
and
into
warrants
prospectus
a
properties
and
per
"After
rights
will
be
convertible
into
:
BALANCE
to
subscribe
this
"Accounts
for
As now proposed,
stock
&
notes
receivable———
lower
Invests,
Invest,
the
in
the
at
&
in
net
sub.
cost
advances
to
with
rate
p.m.
of
conversion
principal
at
five
shares
debentures
of
New
York
amount
and
the
to
of
all
three
the
after
date
July
upon
surrendered
debentures
shares
debentures.
of
stock
common
on
debentures
ot
as
rate
amount
of
surrendered
City time
The
of
the
for
each
interest
Prepaid
$300
3%
rate
conversion
for
Tax
each
the
Nov.
Depreciation
and
FOR
2
MONTHS
amortization.
ENDED
FEB.
28
;■?
$11,159,480 $10,067,398
6,613,210
5,558,229
1
1
1,002,856
Taxes
1,765,751
Gross
82,419
income
and
110,041
$1,860,081
amortization
of
$1,935,635
300,734
347,838
premium on bonds
3%
.
14,003
—
Common
Earnings
—V.
oer
165,
p.
—
share of
common
$1,596,023
$1.18
stock
1587.
QUARTER ENDED FEB. 28,
$5,341,238
"344,904
—
"After
1946
% Inc
19.0
2i3.042.coo
215,088,000
15.3
184,931,000
16.3
summer.
215,379,000
186,664,000
15.4
Total
•'
backlog
of
orders
at
Feb.
28
1,123,140
87,500
140,625
(less expenses)
9,048,137
616,763
7,200,267
deben.
(non-current)_
33,600,000
34,300,000
value)
15,000,000
15,000,000
fund,
(issued
150,000 shs. of
($20 par value)-
stock
no
par
surplus
Earned surplus
57,157,220
19,604,773
_
19,536,223
26,681,570
—.
—
655,741
57,248,620
———
Capital
Total
23,942,061
183,853,720 177,667,297
"After
reserve
of
reserve
for
$934,076
obsolescence
of
in
1946
$296,163
and
in
$797,101
1946
in
1945.
tAfter
and
$285,203 in 1945.
depreciation and depletion of $50,494,472 in 1946
and $44,934,208 in 1945.
§Inc!udes $1,162,961 properties not used in
the company's ordinary business.—V. 165, p. 808.
11.:
reserve
Sherman
for
o'Uu
as '
Offered—L. D,
Corp.—Stock
offered
March
financing
will
25
other
from
the
corporate
purposes.
be
used
for
working
capital
and
■
-
Corporation specializes in the manufacture and sale of heavy duty
floor treatments, especially designed
for large floor areas.
It also
manufactures equipment for
polishing scrubbing fioors, shampooing
rugs and carpets,
industrial vacuum cleaners and wall cleaning ma¬
chines.
The company's products are sold to leading department
stores,
office buildings,
industrial plants, hospitals, schools, colleges, utility
companies, railroads, steamship companies, federal, state and muni¬
cipal institutions and various commercial firms, including jobbers and
distributors.
Net
<.
income
$76,460
after
fiscal
amounted' to ;$344,954,000,
1946.—y,,,165, p. 936.
Car-na-var
Co.
&
(as a speculation),
132,500 shares ($1 par) common stock at $2 per share.
for
1947
loss
compared with $328,865,000 at Nov. 30,
921,149
•
deben., due 1965
sink.
fund
Proceeds
Net
6,984,636
-
:——
3%
on
sink,
717,850
5,449,560
85,750
140,625
——
;
21,773
$1,545,340
$1.14
income
717,850
———
Reserves
Prem.
10,822,03*
thereon pay¬
prem.
debentures
on
14,738,923
—
1947————
Continental
Net
accrued expenses
——
1,672,887
Other deductions
.
Dividend on preferred stock
Liability for past service annuity premiums—_
$1,855,594
Other income
2,341,898
assets
980,687
$1,777,661
income
Operating
30,
liability
Interest
new
Pfd. stock
EARNINGS
1,338,598
l,30Til5
deferred
sinking fund deben. &
able
thereafter
on
576,373
73,906,192
,
183,8'53,720 177,667,297
for
stock
777,968
81,982,037
cost
LIABILITIES—
plan
quired to supply indicated increases in the use of electricity, gas and
steam during the three year period 1947-1949.—V. 165, p. 1587.
operating revenues
Operating expenses
and
expenses
1,760,737
equipment—
Accounts payable &
has not yet been determined.
proposed offering represents the initial step in the company's
for financing the expansion and replacement of facilities re¬
CONSOLIDATED
&
3,657,635
at cost
Total
debentures
Total
mutual
plant
1, 1948 up to
which the ag¬
surrendered
common
^Property,
53,802,923
3,835,782
companies—
insurance
of
56,873,560
companies
assoc.
not wholly owned,
co.,
$
10,115,498
21,204,938
1,200,000
market.—
or
Deposits
common
1945
10,759.96S
14,524,689
—
prior years exc. prof, taxes
tlnventories
beginning July 1, 1948, and conversions will be at the following rates:
at the rate of live shares of common stock for each $300
principal
amount of all debentures surrendered for conversion rp to 3 o'clock
p.m.
New York City time on July
1, 1948; if $8,000,100 principal
amount of debentures are not surrendered for conversion on
July 1,
the
31
11,535,349
10,025,000
securities, at cost
at
amount
DEC.
banks
Claim for refund of
after
month
Government
S.
hand & at
investments,
at
SHEET
$
on
Security
o'cicck
$1.86
ASSETS—
Cash
company
3
5,690,292
•
(Including Wholly Owned Subsidiaries)
effective, and the period during
will expire approximately three
subscriptions will be received
weeks thereafter, or around the middle of May.
debentures
share:
440,625
2,8'o5,05O
on
deducting proportionate amount of premium.
U.
be mailed later
which
5,767,560
$1.96
stock
equipment
common
CONSOLIDATED
stock.
evidencing
will
6,162,944
562,500
2,860,935
5,261,538
$3.75 preferred
on
1946
common
registration statement has become
1,557,421
dividends paid on common stock
Depreciation
&
depletion provided
above
Earnings
3 filed with the SEC a registration statement
proposed offering to its common stockholders of $16,677,-
debentures
taxes™
Cash
Consolidated Gas Electric Light & Power Co. of
Bal¬
100
101,231
3,600,000
income—
Dividends declared
amounts
ranging from $1,000,000 to $20,000,000 at
1V2 %
per
year, and funds from the company's
treasury are being
used
in
redeeming and prepaying a total of $194,541,000 principal
amount 01* the company's long-term debt.—V.
165, p. 1725.
a
1,028,873
3,742,579
taxes
Edison's
offered $100,000,000 in first
and
refunding mortgage bonds, series A, due March 1, 1982.
This
issue was awarded on a bid of 102.3199 for a
2% coupon.
Proceeds
of this sale,
together with short-term loans aggregating $65,000,000
13
for income
12,197,663
1,027,122
,
Provision for excess profits
total of $290,000,000 in mort-.
a
10,900,702
110,636
Interest & exchange
"Interest on 3% debentures
refunding
184,731,000
with
items
1,
Mr.
determined
179,195,000
194G:
President,
costs.
Sacramento, California,
Provision for doubtful
1947
S5SJ:
new
surplus
Continental's
mentioned
Additional
213,220,000
Week Ended—
29
V
a
then
first
some
to
they,
-
prepaying
or
the
Sales
companies,
other
Jan.
increased
were
whereby that
and
The
company
on
suited
Y.,
giving effect to an estimated credit of $765,105 resulting
from carry-back provisions
of the Internal Revenue Code.
The net
is after all charges,
including $726,856 expended in connection with
current experimental and development projects.
Although the corporation has substantial orders for both military
and commercial aircraft,
deliveries of two principal types—the B-36
bomber
and
the
Convair-240
transport—will not begin until mid¬
Mar.
is
December,
Gross
$100,000,000
•
EARNINGS FOR
Edison
buildings
years.
agreement
of
Consolidated Vultee Aircraft Corp.—Earnings—
other electric utilities for the week ended March 29
increase over the corresponding week last year.
Fol¬
kilov/att-hnur output totals of the past four weeks and
Eggerss,
1947."
gold
which calls for the issuing of
program
Inteiest
.
are
the acquisition
percentage comparisons With
Mar.
in
-cutout of the Commonwealth
in8 sales
cu
par
subsidiaries
its
1586.
Commonwealth
pvHricity
of
1937 alleging the wrongful injection of inert gas
and claiming -treble damages aggregating $42,00D,00D.
corporation
—V.
$100
but none are issued.
certain
containers
current
A.
products during 1945
compelled to absorb
on
and
in
jthe .mains
ine
and
with
$73,-
was
Effective
!
of
excess
Eggerss
$After
.
corporation
the
40,481,334
accounts of certain subsidiary companies to original
connection
therewith the
corporation restated its no par
stock capital to an amount
equivalent to $10 per share and
"Classified its surplus accounts.
The company has 1,125,994 shares
into
is
for
for possible subsequent adjustments of such "underlying
worth"
relation
term
received from the sale will be
the redemption
applied
$60,000,000 principals amouri$ of the corporation's 10-v.ear 3V2% de¬
1948,'the petition states.
The balance wjlf be applied to
the redemption of a part of the
$65,000,000 in unsecured short-term
bank loans executed recently
by the company.
principal
ment of the plant
cost.
and
70 Broadway,
5%
bidding';.
$8,000,100;
addition
Hans
company's
prices.
paper
an
liabilities.
stockholders,
this
.
$21,132,708',
current
on
higher
York
Proceeds
The
In
mortgage
the bonds
reaches
accounts of $502,804.
investments at that
Trustee,
maturity.
to
gregate
NOTES—During the year the corporation sold its investments in the
Dayton and Cincinnati
groups of companies, retired its preferred stock,
and refunded
its long-term debt.
As of Sept. 30, 1946, upon approval
of the
directors, the investments of the corporation in its remaining
subsidiary companies were restated on the basis of the "Underlying
in
and
land
bentures due
1948,
_
over
to
of
pointed out that after five years of operating under
war-time
restrictions
and
shortages,
the
company
has started
an
urgently needed program of rehabilitating,
modernizing and expand¬
ing plant facilities to meet
greatly increased customers' requirements.
To .complement
working funds available for this purpose, the company
recently completed a $10,000,000 financing
agreement with the New-
on
April 1 petitioned the New York Public Service
authority to issue for refunding purposes $100,000,000
refunding mortgage bonds, series B, due April 1, 1987.
and
principal
406,305,654 679,617,024
of
prior years excess
appropriated for inven^
; :
showed current assets of
; v
of
$200
j "After reserve for doubtful
of
Mr.
for
Co.,
first
84,856,336
Total
end
for
competitive
847,435
3,569,102
refund
amount
and
the
Trust
the
The price of
by
for
same
company
2,754,291
__
_
announced
called
Authority
Commission
3,116,457
14,565^518
_
&
prior
of
Seeks
The
better
for
the company's production, while somewhat
relaxed, are still in effect," he said.
"Shortages in our principal
materials have prevented
removal of these controls and continue to
be a limiting factor on our
sales volume.
It now appears that the
supply of most of these materials will
approach demand before the
Bonds to Retire 3 V2 % Debentures and Bank Loans—
1,626,422
construe-
either
assets
"Government controls
bonds, due Dec. 1, 1948,
may obtain payment in full of the
principal amount of these bonds
together with accrued interest to maturity
upon
presentation
and
surrender of
said
bonds at the Guaranty Trust Co. of New
York,
trustee, 140 Broadway, New York, N. Y., at any time
prior to ma¬
turity.-
587,531
Capital surplus
Special surplus
Earned surplus
Jvvere provided
book
time
any
1,983,438
in
reserves
has
the
adjustments
metal
shara
providing
1945.
claim
by
report
offset
no
both
common
Central
Holders
22,000,000
4,869.014
Reserves—depreciation
2
current
Price
into
total
The company on April
1947
deposits and acc'rd. interest thereon
Other current and accrued
liabilities-1
Contingent earnings pending rate decisions—
Impounded
1
showed
3412.
New
Bank
relating to
44,854,000
Customers'
year-end
$3,968,963 compared with
p.
offset
annual
timore—Registers With SEC—
1961
Accrued interest
at
St.,
Inc.,
Hanover
74,350,000
20,000,000
Accounts payable"
Accrued taxes
Other
12,223,256
the
164,
in
tically
of
City Bank Farmers Trust Co., trustee, 22
York, N. Y., or at the office of J. P. Morgan
& Co.,
23 Wall St., New York, N. Y.
Holders of the $2,500,000 New
Amsterdam first consolidated mort¬
gage 5%
gold bonds, due Jan. 1, 1948, and of
$8,117,000 purchase
money gold
4%
bonds, due Feb. 1, 1949, of The New York Gas &
Electric Light, Heat & Power Co.
may obtain payment in full of the
principal amount of these bonds together with accrued interest to
maturity upon presentation and surrender of said bonds at the
from
Common stock
Not
bonds
long-term
Subsidiary companies—preferred stocks
at
totaled
presentation
said
gage
LIABILITIES—
(Capital stocks in hands
April
on
electricity generated
1947, amounted to
corporation
William
-
14,418,121
in
gas
and
$
intang.__ 340,947,236 609,442,811
31,923
1,731,853
26,472,808'
19,631,581
(net)
^Temporary cash investments
Materials
1945
assets
$805,288.—V.
$206,071,252 in
was
and current liabilities
•
his
said:
redemption on April 28, next, the
following securities: All of the Brooklyn Edison
Co., Inc. consolidating
mortgage bonds, 3 V4 % series, due May
15, 1966, at 103 ana interest;
all
of
ihe
Brooklyn Edison Co., Inc.
consolidating mortgage bonds,
3%
series, due Nov. 15, 1968 at 103 and
interest; and all of the
New York & Queens Electric
Light & Power Co. first and
consolidating
mortgage bonds, 3>/2 % series, due Nov.
1, 1965, at 104 and interest.
Immediate payment of the full
redemption price, plus accrued interest
to April 28,
1947 will be made upon
at
2,927,130
Coppermines
Current
shares
were
very limited.
As a result the
company
substantial increases in costs
of labor and
30,
The
Other
In
To Redeem Six Issues of
Bonds—
1,376,000
Accounts, accrued int. and divs. receivable—
Subsidiaries
of
totaling
'
on
0^5,890
that System output of
elec¬
purchased)
for
the
week
ended
206,500,000 kwh., compared with 176,kw}1-'.for the corresponding week of 1946, an increase of
Ufa.
Local distribution of
electricity amounted to 195,300,000 kwh.,
compared with 174,900,000
kwh., for the corresponding week of last
year, an increase of 11.6%.
1
March
2,024,676
banks
in
S.
U.
and
funds
Special
Cash
subsidiaries
miscellaneous
company
tricity
1946
sheet
$12,975,972.
liabilities
compared with
A
$1 200,000
Xor
report consolidated net
$6,162,944 which, afte*
stock, was equivalent to
outstanding.
This com¬
of
Su Prfce decline and other contingencies.
d-nTico balance sheet as of Dec. 31, 1946
Consolidated Edison Co. of New
York, Inc.—Output—
The
ALONE)
ASSETS—
Other
balance
of
1946,
preferred
$9,762,944 compared with $11,067,560 in 1945.
operating revenues for the year were $212,924,315
earn¬
Manufacturing
voting
current
$3,626,997 $13,613,758
3,668,962
3,668,962
stock
common
BALANCE
4,840,230
to
sales and
taxes
subsidiaries
31,
common
carry-back
cumulative preferred which is
convertible into 1/0,000 shares of
common,
together with 55,000 shares of
presently outstanding common.
If and
Coppermines should find it desirable to exercise
the conversion
privilege, tnc company would then own
70.49% of Titan's total
assets
4,840,230
.
amounted
net
profits
when
The
Dec.
cumulative
earnings in 1945 of $5,767,560 or $1.86 a
dividends.
Net profits for 1946 before
preferred
total
1945
ended
$3.75
a share on 2,862,431
,
taxes
1945
and' wholly owned
year
the
on
pares with net
Co., which reported
lor the year 1946
total sales of $18,216,409 and net
profit of $767,091.
The controlling interest In
Titan Metal
Manufacturing Co., which
was purchased
by Coppermines last December, had been
acquired at a
total cost of
$1,837,500.
Coppermines owns 10,000 shares of Titan 5%
$13,467,227 $18,453,988
preferred and preference stocks
1946, the effective date of refin
dividends
alter
StOCK.
income
Net
The company
for the
income
ended
as
an
Continental Can Co., Inc.—Annual
Report—
.
energy of subsidiaries
business conditions of
general
Calendar Years—
ings
Taxes
output
Consolidated Coppcrmines
Corp.—Earnings—
$17,536,077 $98,430,815
Operation and maintenance
Depreciation and depletion
hour
adjusted
Consolidated
$14,175,742
year__
kilowatt
corporation
19*6,
$J4,972,499
Income
weekly
this
served
31, 1946
Parent
Total
of
287,576,298
revenues
Gross
issuance
STATEMENTS
ENDED DEC.
Commonwealth & Southern
The
amounts
year,
ended
Jan.
V.
to
165, p.
for
the
net
income
31,..1947,
1186.
;'V
fiscal
piovision
for
,
year
amounted
net
ended
Federal
income
to
Sept.
income
taxes
.
1946
In
For
the
$27,249.
after
30,
taxes.
was
amounted
the
four
months
$33,001.—See
7'" 7
to
previous
also
Monday, April 7, 1947
FINANCIAL CHRONICLE
THE COMMERCIAL &
8"
(1864)v
said in part:
ford, President, on Feb. 14,
DeBardeleben Coal
'
y
,
^arnihigs tor the year 1946, after all kkowh
depreciation and Federal income taxes, amounted to
to $1.89 a share on the 501,620 common shares outstanding.
previous year, net earnings were $612,543, equivalent to
$946,119, equivalent
For i;ne
$1.22 per new
share.
common
the corporation for the year
Net sales of
*
,
totaled $24,330,784
compared
available
was
i;
1946
•
and allowances
Discounts on
Reserves
Net
after
—V.
Provision
Other
-
Net- income
.
__yy
Totaly
_____™
4,681,823
401,117
cash__*™____™'___—_—*__
Amt.* added
to cap;
stock on restatement of
1,743,380
number and par value of shares——
Portion transferred from 1nitial~ahd cap. surp. CrV632,597
Dividends
paid
and other expenses,
February—
Gross, from
Net
of
$14
value,
par
shares
237
of
$7,022,680;
stock
earned
surplus,
in
held
Z>r$3,417;
ters with SE(>The company
152 500
(in
I 1
y
•
I'hs
Chase
National
Net
hosiery
Cost
of
Bank
the
of
citv
of
York
New
hat
This
the
sales__.._—_$5,079,150
Gross profit from operations™I
»«1., gen,, adm. & id'.e plant exps._
issue
$1,194,575
261,492
$933,082
$1,773,085
$970,654
tax
road
2,357,414
21
A
SI
111,500
$1,062,372
;
dividends
&
v.
534,853
banks and
$303,896
J
.
cash
surrender, value
and
life
of
t
AS
AT DEC.
tax
notes,
insurance,
Rio
Grande
165,
150,374
150,000
31, 1946
cost), contra, $1.354500*
$24,588; land, buildings,'ma-
name
of
stock
ox
on
April
this
on
company
the latter
2.-V.
Manufacturing
March
to
name
165,
Salt
&
V,v
7'
'
February—■
Gross
-
from
Net
from
p.
The
Net
ry.
7
Former
-7
Exchange
on
*
t
oper.
s
.
1
-
,
•
165,
p.
1314.
accordance
Co.
below.-r-V.
165,
p.
r
with
the
>.
plan.—
reorganization
1946
.;>:,;i945
$293,306 i
$365,068
The
approved a proposal to change the '
Dayton Rubber Co., and dealings in the''*
on
^
the New York Stock Exchantfe,
! fiqA ;^v.;vvU
.
the
stockholders
:
*
28,117
65,735
72,838
49,911
624,368
510,495
137,930
115,561
164,055
'161,937
:/
shows net;
assumed
report
equivalent
$142.87
to
per
"
1947
-
1946
1945
$367,879
per share of
common
559,154 J
Income
1944
$443,400
256,300
110.434
54,440
1,091,121
730,475
810,545
Total
614,722
354.069
445,993
"499,620
217,880
106,909
123,920
refundable
*. benture
39,876
bonds
CALENDAR YEARS
133,479
to
de-
12,
—
12,738
$258,216
90,259
109,028
105,625
105,000
5354,666
16,366
$338,090 '
$386,636
ll,o4a
,
2,255
13,955
taxes-.,—
of
; 80,005
147,708
•
92,216
122,500
.
;
and
aourceiVl;
for
15,604
-r
>
161
•
Inc.. over
expenses
Pfd.* divs. out of! surplus
$2,238,790
516,904
Vi;
2,309
11,986
$29,266
$105,283
531,884
4.485
3,363
14,728
586,212
*24,786-
•Includes
$12,100
1946, $581,113
Votes,
provision
for
corporation must
bracht» 910 Asylum Street, Hartford, Conn.,
on or
Federal income
transactions (amounti g
in 1945 and $29,569
BALANCE SHEET,
.
*650,179
in 1944).
DEC. 31,
1946
dividends r
ceivable
$117,086; accounts and
secur.
and interest accrued, $18,652; investments in U. S. uo
rities at
ities, at market quotations, $2,216,053; general marKet^.ents. ji
market quotations (average cost $86,473.88), $l?2'50(r'1 C57047; total#
securities of subsidiary and associated companies,
•
»
$24,011,348.
ASSETS—Cash
1947 unanimously voted to terminate
424
600,434
(Without
taxes.
giving effect to results of security
Conn.
-
67,365
•
7
Hartford,
$326,441 '
$245,478
~
$2;450,258
holders,
;taxesij paidlat
fExcess
March
FOR
$2,418,382
divs.)
income—
Provision
874,167
61,055
-
(cash
earned. on
Miscellaneous income*
Taxes
'
.'
er
stock.
INCOME ACCOUNT
Operating expensesInterest on debentures- ?
Int. on balik .debt-—1 —«
$400,193
ass<ets
<Pr®fere"®e
and ■ $J.iw p
30, 9
*
$14,281 per $1,000 debenture, $159.02 per preferred share and |3.«i
per common share. Incomparable figures for Dec. 31,
1945, w
719.80 per $1,000
debenture,* $140.29* per preferred share ana
120,749
152,157
Corp.—Annual Report—
for the year ended Dec. 31, 1946,
$12,228 per $1,000 face Value of
share of $3 convertible preferredjitock
liquidation $50 per share and accumulated dividends)
share of common stock;
Comparable s figures for June
The
.
company's corporate, existence.
t?"
Approved—
on
'
<<f'
$258,212
46,430
KJIl'1Vr-S i?Kn1A^ni10^i1l5e^^that a,i cIaims against the
^
m
March 25 approved the merger brconsoUdation
of the Western Gas Co., a subsidiary, with the Gulf States O1I C0
They are to be merged into a new company to be known as wesiern
Natural Gas Co. See V. .165, p. 1454. . V: - ;
. V - -
Equity
1944 1 ;
$240,548
58,937
$558,951
cn
Natural Gas Co.—Merger
El Paso
The stockholders
Ry.—Earnings^—
Dodge Brass Mfg. Corp.,
Voluntary Dissolution—
'
Aol°*S!q
201,734
„
in
1453.
■—Increase—
.
.4.
177,375 24,35
•
Electric Power & Light Corp.———
50,671
45,152
5,519 12.2
Former National Power & Light Co.—
105,234
99,068
:
•The above figures do not include the system inputs of any companies
npt appearing in both periods.—V. 165, p. 1726.
t
-
.
lS47r
'Operating Subsidiaries of— '
Power & Light Co.—_——
to be merged with the Denver
are
:7,,-317,7l8^.:^,nl78,056,,>^221;359:^
income—
14.1;
9.3
104,454 |
316
0.J
Systm; lnPut* of,,®!i^
104,770
.Maroh.^,
f®1;
/
282,481
railway—.
Net from railway——.
Net ry. oper. income—-
46,427
American
Reorganization-—
275,409
from
eiked
wdek
—Increase-
AnjJ;
24,801
4,
4,^23
1946
*'•' 175,276
companies of Ebasco Services, Inc., as compared with tne
corresponding week during 1946 were as follows (in thousands ci
kilowatt-hours):
<'t: ../'I' ...
company.
788,942
railway
.::;1
Nal'l'Power & Light Co.
the
For
subsidiaries
and of,,
Inc., which are
compared with the correspond¬
follows (in thousands of kilowatt-hours):
operating
From Jan. 1—
Gross
tax,
26
commenced
1453.
1946 were as
".v'
-
the System inputs of client
Power fe Light Corp.
Light .Co., as
Operating Subsidiaries of—
1947
American Power & Light Cd.—,' 200,077
Electric Power & Light Corp—_ ? 50.750
Int.
railway
Incw—Weekly Input—
»
New York Stock
the
of
125,$$?
from
$8.93
Federal,
1454.
165,. p.
Power &
.
120,491
income*....
$3,339,891
taxes.—V.
••-.'11;;;•
Securities Start on New
the
on
'1947
railway
$4,098,309
ing week during
passes
Lake
>s
1,109,729
state taxes on dividends™——
before
former National
Rubber Co.—New Name, Etc.—
Rubber
stockho'ders
;
Detroit & Toledo Shore Line RR.—Earnings-^-
-
^' deferred eharges, $86,-
Dayton Rubber Manufacturing Co.—Changes Name
The
in
1,108,729
Ebasco Services
and $20 in income interest due on
1946.
A total of $90 per $1,000
the new income mortgage bonds
a;:
railway
Net from railway——Net ry. oper. income—i.
—V. 165, p. 1453.
•
—V.
Dayton
Western
$4,448,62(1
stk.
asked the Interstate Commerce Commis¬
plan.
3314.
2,122,181
$5,207,038
—
requirements on 4JA% prior pref.
,For. the week ended March 27, .1947,
operating companies of Ebasco Services
of American Power & Light Co.,'Electric
From Jan. 1—
$699,400; common
stock
($2.^0
par),
$427,995; initial and capital surplus, $650 867*
earned surp'.us, $1,910,725; total, $3,957,120.—V.
164, p. 825.
See
the
income
4,545,105
4,299,991
1,821,284
depletion-!.—_
discount-—-—-—— -—
income
in
from railway—^.
from
Gross
at
income
Dayton
P.
Net ry. oper.
L^ITTES-Accounts payable, $76,026; accrued liabilities, $192.provision
for estimated Federal
107,
(The)
started
until Congress
of
.
share! of 6% preferred stock—-—$10.95
'•Including special charges equal to unusual reductions in
to be issued pursuant
on
^toiaF ^ $3 95T^ C°S^
:
in
securities
new
1947
, "
11946
$13,996,184 $13,847,332
; 2,667,871. *2,731,426
28-^
taxes.i___-_-———:
for. income
and
Balance
proceedings on the company's proposed
new legislation dealing- with rail¬
general.
h
•
plan lor reorganization of the railroad has been approved twice by
Net
36,484
hand, $356,576; U. S. Government
securities and tax notes, at cost, $525,500; receivables, $310,065; in¬
ventories, $342,308; new equipment purchase fund (consisting of U.
securities
trading
reorganizations
Denver
of $311838 in 1946, $88,279 in 1945 ttldt $96,654
tAfter postwar, credit of-. $76,000. i;'
S.-Government
and
paid
be
whereby the properties of that road
117,000
32,494
—
BALANCE SHEET
%.<!.: 4
rW
on
"a petition by the reorganization committee,"
seeking a
decree to consummate the plan of reorganization. ;
Meanwhile, ;
stockholders of Denver & Salt Lake Ity. have approved an agreement
1684,000
$280,619
Fiiel Associates—Earnings—
Earned per
1945
years
will
the
in
'7 February—
——...
in
V-'
■
,
$1,104,896
578,535
j_—
ASSETS—Cash
;
final
~15~286
.'
.
,
stock are being offered by East Coast
parent of- registrant. East Coast Electric will use
Co.
debt
Net
Colo.,
♦After depreciation
In, 1944.
the
consummation
6,411
■
132,870
....
consolidated :'iricomei.:'__—
Dividend
of
company on March 24
to hold up any further
Gross
Cwnmon
v
.
.
.
the U. S. Supreme Court, but the railroad contends that changed economic conditions should be taken into consideration before any final
$1,098,485
37,571
695,427
dividends
•
-
represent $60 in fixed
for
reorganization
291,075
$1,749,952
23,133
10,401
and
Federal Judge J. Foster Symes will hold a hearing April 1C in Denver,
Excess profits
Adjust, from restatement of land etc.
Preferred
1,993,378
Seeks Postponement of
$1,389 561
482,870
728,47V
190,42T
24,158
•
Depreciation
The securities ad¬
mitted to dealings on a when-issued basis are first mortgage bonds,
series A, due Jan.
1,
1993; income mortgage bonds, series A, due
Jan. 1, 2018, and escrow certificates for preferred and common stock.
;
profit™.
2,004,192
J
amount
When-issued
March
7,610
$2,232,822
Profit before Federal taxes—
Net
:8,932,983
2,245,495
1,402,929
•
When-Issued Trading in New
Stock Exchange—*
$1,381,950
.
operations.
(net)
income
888,359
York
$3,739,364
$1,188,682
56,199
-
Co., West Point, Va.—Registers
Electric
Eastern Gas &
10,841,470
; 3,480,505
The
5,893
Miscellaneous income
Federal
would
sion
2,848,327
from
991,528
10,856,764
3,386,408
..
1944
$2,232,822
profit on hosiery sales.™
profit on misceli. operations
609,311
622,518 "
78,020 ,,
tgg • :
Service
Provision
1946.
Interest '
on the new first mortgage bonds will be on the basis of 3%
fixed and
1 % contingent but fully cumulative.
Interest on the income 4Vis will
be payable each April 1, to the extent earned in the preceding year,
and cumulative up to
187c,. V J
'/
\ : ' v.
been
$3,421,665
2,232,983
5,890
.
1.749,498 v.
60,328
1314..
.12 Months Ended Feb.
Total
.
about
principal
:
1945
1946
•
sales
•Profit
$5,175,000
1,580,603
697,682
.
May 1.
According to present plans, a total of $80 per
$1,000 principal amount will be paid on the new first mortgage bonds.
bonds
Inc.—Registrar Appointed—
Gross
Gross
'
v
.
a.
Davenport Hosiery Mills, Inc.—Earnings—
Yeprs—f-
$'•
reorganization
appointed registrar of thveemmon stock, $5 par value.—V. 164,-'p.-953.
Calendar
.
.1,087,293
7,759,814
1,354,382
-704,747
incortie™
J
shares
Crawford Clothes,
1944
$387,69$
117,462
83,187
29,361
proceeds from the sale of $500,000 of bonds toward the payment of
outstanding first mortgage notes and repayment of bank loans. Names
of underwriters will be determined through competetive bidding.
this road, holders of system bonds will receive •
cash payments covering interest due on the new first mortgage 3s-4s
of 1993 and the new general mortgage income 4,/&s of 2018.
Reorgani¬
zation managers have indicated
that the plan will be consummated >.
about April 15.
*
'
;
»
■
:
The new securities will be delivered in exchange for the old defaulted
N. ^Regis¬
>
'
.
,
1945
$304,368
.
and all oh the common
the bonds
Public
covering interest payable out of earnings for 1945 and
Mar. 28 filed
Ry.—Earnings-
1947 : ■■ j 1946
$386^342.. „$309,748
35,242
45,624
J„ 11,601
.12,745
for
Interest
railway
oper.
$5,398,725
1,793,672-
$4,160,915
•
Interest Payments—^
registration statement with the SEC
($1 par)
oommon.
Underwriters, Aronson. Hall &
Co.,
and P. V/. Brooks & Co., New York Of the total 102,500 shares
are being offered by selling stockholders.
The company, which is sell¬
ing 50,000 shares, will apply proceeds to general funds.—V. 165, 1069.
for
*2,030,541
(Tbe company, on Mar. 28 filed a rogistration statement- With the SEO
$1,300,006 of first: mortgage bonds, series A, due 1977, and 60,008
shares of $10 par common.
The registration showed that $800,000 of
.
^1945-1944''-;.
Simultaneously with receipt of new securities
2542.
Continental-United Industries Co., Iric„
.
:
165, p.
Coast
East
368,285
*1,983,8:5
y.-.:
income_Sr l~"r *4,458
Deficit.—V.
349,128
*2,086,436
♦1,655,036
1
.
railway
with SEC—
RR.—Earnings— '• y
\
railwayi1.—
from
ry.
to
cost of
total,
$5,327,460;
;
.
railway^.:
oper.
ry.
..
income—^
oper.
from
from
Net
1
869,803
.
income
:
.
treasury,
from
Gross
payable
common
164, p.
ry.
*
547,365
railway.™—.
Net
inventory price decline, $500,000; reserves for contingencies
$100,000 transferred to operating reserve), $150,000; common
stock
$219,802'
•2,003.112
/ 318,502
A,777,466 '"*1,556,911:
-1
railwayyi.-'-:
v
1946
•
$3,854,045
railway... 1
oper.
Net
and
.$15,9.76,344.—-V.
ry.
1947
,
From Jan. 1—
future
(after
from
Net
(trade), $598,685; accrued wages,
commissions, $370,800; accrued State, local and other
general taxes, $224,529; reserve for Federal income taxes, $1,009,407;
operating, compensation insurance, etc., reserves, $776,200; reserves
for
,
'
on
$26,299; total, $15,976,344.
LIABILITIES—Accounts
*1,011,691
1188.
*
,
From Jan. 1—
Gross
stock already owned by it.—V.
Grande Western
Rio
&
*1,042,475
*1,930,775
railway*—-*-
from
Net
holders, of Morris & Essex :
cancel all of the stock cer- i
165, p. 1726.
plans to pay minority
their holdings and
It
share for
a
Denver
Hand, $2,480,881; U. 8. Govt, se¬
curities. (at cost plus accrued interest), $3,043,345; accounts receivable
(after
reserve
for
doubtful
accounts
and
discounts
of
$150,793),
$868,974; inventories valued at average cost or market, whichever
lower), $3,593,022;
claim for refund of Federal excess profits tax,
$185,895; ;miscel'aneous
investments,
$36,934; land, buildings, ma¬
chinery and equipment (after reserve for depreciation of $8,246,408),
$5;740,993; intangible assets (patents), $1; prepaid insurance premi¬
salaries
$75
tificates, including the
Dec. 31_. $5,327,460 $4,893,241
share—_—
$1.89
:$1.22
•Including wages and salaries of $8,266,785 in 1946 and $8,125,878
in 1945.
(Based on the 501,620 common shares outstanding-at Dec.
3i; 1946.
CONSOLIDATED BALANCE SHEET, DEC. 31, 1946
ums
cancelled.
stock
per
ABSETS-mash in banks and
Net
The D. L. &
be
from
Gross
application is a part of Lackawanna's program of simplification
corporate structure.
'
c.i . ; : - • '■ •
W. owns all the capital stock of the Passaic, which will
The
'
income:.^. I
February—
•
Lines—
*1,007,644
Diiluth South Shore & Atlantic
;
company
of' its
earned surplus,
Balance
tEarnings
X'::>
in
!
'
*1,009,338
*901,482
.
oper.
ry.
contingent
and
*715,463
*749,500
Tl 420,054
.
•Deficit.—V.165,p.
Net
has applied, to the Intorstato Commerce, Commission
for. authority
to merge into its system two Jeased lines—Passaic &
Delaware Extension RR. Co. and Morris & Essex Extension RR. Co.
•
$5,294,363
401,122
"
was
Seeks to Take Over Leased
$612,543
4,893,241
Net
the payment of,
authorize
v-yy
to
desirable
considered
Contingent interest.
it
from
Net
railway™.
railway-.:™:
from
Gross
who exchanged
of
$210,970
•835,857
income— 7
oper.
1944
1946
$184,784
.'Froni Jan. 1—
issues,
interest on system bond
ry.
'1945
1947
$251,599
railway-
from
Net
RR.—Interest— ; '
the former leased line stockholders
income stock for bonds carrying
fixed
fixed
interest,
The
$5,839,360
surplus, Jan. 1———————V
Balance earned,
Duluth Missabe 6 Iron Range Ry.- -Earnings—
.
,
'
.February—
*
'
Gtoss from railway- ;
follows:
as
interest
their
49~5~66O
$946,119
—
r •'
-
has declared contingent
1,
May
in, the
131,844
900,000
"
.
•
'
165, p. 936.
V.
.
7,566
charges
Paymt. of baL - of past service pension prem.—
Provision for Federal income tax---—*——..—..
782,374
Morris & Essex Division collateral trust
$100 principal amount, for the year 1946; >
N. Y., L. & W. Division income bonds; due. May 1,
1993, $4,236 per .
$100, for the period Feb. 26, 1946, to Dec. 31, 1946; U. C. & S, V.
Division 3-bs, due May l, 1992, $2,044 per $100, for the period June
23, 1945, to June 30, 1945, and for the year 1946; Warren Division
4-6% due May 1, 1992, $1,638 per $100 for the period March 6, 1946,
to Dec. 31, 1946.
;•
'
Tne company's statement for 1946 showed both fixed and contingent 1
charges. earned, although under the provision? of;' the several mort¬
gages there was not yet income available for contingent interest and
no obligation to pay it.
The road said: "However, in view of the fact
that contingent interest is cumulative for three years, and in the hope
that contingent interest will be fully earned for the year 4947; also ;
100,000
contingencies™——
for
7,494,352
1,124,739
548,386
8,462,821
2,390,388
1,946,325
4-2s, due May 1, 2042, $2 per
~—
—______
687,604
Lackawanna & Western
The company
payable
;
business_i_____™—99,407
of
income
165, p. 1188.
Delaware,
$24,483,243 $23,680,287
22,005,828
21,940,568
"Cost of sales, administrative and selling exps._
499*452
: 494,381
Provision fdr depreciation:
•_
nit.
and "amort, exp. on debs, and prom, .on
30,229
e redemption
thereof
Total
1,571,103
—
income—,
oper.
increased production tax."
Facilities will be provided to enable shareholders residing in the
United States to convert their dividend checks into U. S. funds at the
official
rate
of
the Canadian Foreign f Exchange- Control Board.—
$4,009,020
1,017,857
Net
$24,330,784 $23,564,277
interest and other inc.
- 53,052
116,010
company,
not required
C/yy:y-
purchases,
sale
ry.
railway
from
Net
7,048,212
1,429,083
783,384
8,082,096
railway
from
Gross
i.—.
-*
subsidiary
of
YEARS
1945
income™
oper.
$3,571,379
478,457
238,789
$3,400,411
1 662,267
360,735
From Jan. 1—
returns
deducting cash discounts,
Sales,: after
-
FOE CALENDAR
ry.
railway—
from
Net
this essential semi¬
furnishing
for
Net
by an increase in the level of wages
end of 1946 and the continuance of
1944
y 1945
1946
1947
$3,869,856
741,114
311,871
stated that the "reduction from the
previous quarters has been made necessary
company
in the two
Corp.—Earnings—
Delaware & Hudson RR.
February—
from railway
Gross
•,
27 V2 cents paid
in large measure
granted to its employees at the
the official rate of exchange at
parity."
'•
"Added to this, the relief recently afforded gold mines by the Do¬
minion Government, as applied to this company, has been cancelled in
effect
by
reason
of Ontario's proposed new corporation tax and
The
:y.
'
cents on
cut from 30 cents.
'
buying Commodore at
the option of
arrangement by which Decca has
a future date.—V. 165, p.
1187. /
steel,
CONSOLIDATED INCOME ACCOUNT
.
''V'-
bar
at least at such price as would permit profitable opera¬
negotiations covering several months, a transaction was
consummated Dec. 2, 1946, whereby all physical and certain intangible
assets and the business of that subsidiary were sold.
As
of Dec.
2, 1.946, the corporation's common shareholders num¬
bered 2,544, compared with 2,117 in December, 1945.
Dividends paid during the year totaled 80c. a share; equivalent, on
the basis of .the previous no par stocky to $2 a share, the same
amount that has' beeft paid on'the common stock for several yearS. ' ^
have
directors
paid 27V4
was
Distributing Corp.
have been concluded between Decca
and
Commodore
Record Co., Inc., whereby Decca will handle jtne
exclusive
sale
of Commodore records through
its 42 branches in
America and its
agencies throughout the world. Terms include an
Negotiations
After
tion.
/
sheet
of
finished
■
Ltd.—Dividend Reduced—
declared a dividend of 25 cents in Canadian
to holders of record March 29. The company
Jan. 30, last, and on Oct. 30, 1946, when the rate
Dome Mines,
Contract—
New
Records, Inc.—Concludes
Decca
quarters during
quarter, $6,422,693; third quarter, $6,383,190; fourth quarter, $7,182,217.
At the last annual stockholders' meeting, the proposal to accept tne
provisions of the Indiana General Corporation Act and restate tne
provisions of the articles of incorporation was approved.
Thereunder
was authorized
the exchange of each share of no par common stocK
for 2V2
new
$14 par common shares.
Such exchange is reflected m
the
corporation's balance sheet by the transfer,
to its previously
existing capital of $5,279,300,
of the entire account identified as
"Initial and
Capital Surplus" in the amount of $1,632,598' and the
amount of $110,782
from its "Earned Surplus" account.
Thus the
total paid-in capital with which the corporation continues is $7,022,680.
It became obvious by midyear that the Canton plant, operated by
the company's wholly owned subsidiary, The Superior Sheet Steel Co.,
must soon be closed down or sold due to the fact that no dependable
1946 were as
source
:
160, p. 2543■ ■
The
.
funds, payable April 30
$23,564,277 for the year previous.
Net sales by
follows: First quarter, $4,342,684; second
with
—V.
-
C03.244 shares of no par common
the Los Angeles Stock Exchange
Application of this company to list
stock was approved cn March 17 by
—j
.
Co.—Listing Approved—
Doernbecher Mfg.
Corp.—Offers to Buy JBonds— .
The Fidelity-Philadelphia Trust
Co.,: trustee, 135 So. ■. Broad St.,
Philadelphia, Pa., will until 12 o'clock Noon on April 15, 1947, ieceive bids
for
the sale
to it of first mortgage 4%
income bonds
due
July 1, 1957, to an amount sufficient to. exhaust the sum. 01
$118,7G3, at prices not to exceed the principal amount thereof, pms
accrued interest.—V. 126, p. 3762.
' y'
y
"
K. Clif¬
Corp.—Annual Report— R.
Continental Steel
in banks,
'&M$WmMyyyyyy
r
yyyyyyyyyyty yyy ;'
'
'
r'
'
■'■='
'
yyyJ
_
_
^yy y
>y:y- :t. >,.:k-'■■■ -'k y->'y-.:y-s^y;y:y^: ^yyyyyyyMyyyyyy
:
k- k
.
Number 4583
165
Voltime
'
■
■
■'
,
•THE COMMERCIAL & FINANCIAL
CHRONICLE
.<
...
'•/'•
■,
,>,:.-. .;•,
(1865)
9
*
LIABILITIES—-Accounts payable lor securities-purchased—-not-re¬
ceived, $33,113; accounts payable, accrued expenses and taxes, $39,476;
accrued interest on debentures outstanding, $43,750; reserve for ex¬
penses of recapitalization, $97»654; reserve for Federal income taxes,
$211,166; reserve lor Federal Income taxes on unrealized appreciation
of U. S. Government securities and general market securities, $8,000;
capital stock, $644,161;1 surplus, $9,940,034; unrealized appreciation;
$12,993,994; total, $24,011,348.—V. 165, p. 1454.
Food Machinery eorp.«—Securities
Offered—Kidder,
Peabody & Co. and. Mitchum,. Tully & Co. on* April 3
offered $8,000,000 2 Vi%, sinking fund
debentures,, due
March 15; 1062 at 1Q0& and interest and
70,000 shares of
.
29%
Engine & Airplane Corp.—Announces
Fair child
Light
and others for use in construction work, 21%
to
mining and quarrying industries and 25% to various other indus¬
The principal products, of :the
;cOmpany are rock drills ang air
tools, portable air compressors and duplex steam and power
.
pumps;
UNDERWRITERS-*-The
DEBENTURES—American
ized, and coupon debentures in denomination
to principal.
Interest payable March is and
light, cargo airplane designed for use by. farmers and ranchers
was announced by this corporation on March 23.
Harry M» McKay,
General Manager of the Fairchild Personal Planes Division at Strother
Field, said the cargo plane will be sold this year., v Mr. McKay also
stated that the first experimental model of Fairchild's new 1948 four.
A new
•prices,
June
from
pro
net
-
:r
'
time, unless pre¬
any
initial
conversion
price
Dec.
31,'46
$211,672
income
are
^•\r.a2"RraAC,1Sco' Callk and. in
St,
■'
share—.—
per
♦After
charges and
back of $296,000. 2
$1.30
Federal
1945
income
cum.
Common
;
tlncludes
its
SHEET,
k
ASSETS—
DEC.
($io
The
year
1946
(net)
—
•"
—
refund, recoverable Fed.
receivables
taxes,
———
Inventories
1945
$337,337
37,500
330,933
.
226,268
.*.
etc
of
names
488,149
The
&
Co.,
First
Lehman
Merrill
the
Total
$2,574,283
—-
LIABILITIES—
Payroll
Social
—
commissions:;—.——
and
security taxes, -etc
Interest matured
of
Beane
-
4,500
-
4,500
Curtis
Pacific
4,500
preferred
on
common
on
Provisions for Federal income
Sinking
fund
Dividend payable
Notes payable,
Total
48,525
——
&
—
162,518
268,475
161,732
232,052
225,294
1,574,062
1,413,700
1949-
—
—
—
♦In
f After
addition,
to
shares against exercise of
1, 1949, at $8 per share,
for depreciation of $1,342,428 in 1946 and $1,301,278 in
there
reserve
reserved
are
on
Northwest
1945..
;;:t;-■■ •-
unsecured
August, 1946, the
; of
$250,000 at
loan
March
■ ■ ■
-
•
company
214%
arranged
for
a
three-year
the National Bank of
to retire the remaining
with
Detroit, the proceeds of which were used
6268,000 of first mortgage 5s. due March I, 1949.—V. 165, p. 207;
Ferguson
Cost
The company on Mar. 31 filed a registration statement with the SEC
for 100,000 shares
($50 par) 4%% cumulative preferred and 250,000
shares ($1 par) common. Underwriters, F. Eberstadt & Co., Inc., New
York, and Watling, Lerchen & Co., Detroit.. Proceeds will be used to
equip and improve recently acquired Cleveland, Ohio, plant.—V. 165, p.
*
-
V-
—'■■■•
Fidelity Fund, Inc., Boston—Registers with SEC—
The
March 28 filed a registration statement with the
SEC for 300,000 shares
($5 par) capital stock.
Underwriters, Paul H.
Davis: & Co., Chicago; and The Crcsby Corp., Boston.—V. 164, p. 2830.
company
on
:■
■'
•
;
■
'
'
■
FjldeDty & Guaranty Insurance Corp.—New Name—
See Fidelity
& Guaranty Fire Corp.
of
Fort Worth & Denver City
February—•
from railway
Net from railway——
Net ry. oper. income.
Fidelity
The
name
7%
Guaranty
& Guaranty Fire Corp.—-Name
the company was changed Feb.
Insurance Corp.—V. 164, p. 1592.
Changed—
21, last, to Fidelity &
Firestone Tire
There
have
& Rubber Co.-—Partial
called
redemption
for
on
May
1947,
>oss from
railway
*et from
railway
fet ry.
oper. income—-
From Jan. 1—
>ross from
from
fet
ry. oper.
-V.
165,
p.
473,154.
$3,089,835
1,493,398
736.513
•'
5,275,588
2,095,950
1,035,472
.
1,222,812
545,776
shares of this series issued at
any time prior to close of
calendar year.
Redeemable for sinking fund at par plus
general redemption premiums at periods shown above.
opinion of counsel for the company, the cumulative preferred
series,
will be exempt under existing law from the Pennsyl¬
agent,
Illinois
First National Bank
National Bank
proceeds,
& Trust
of
Co.
remains liable
.
Chicago.
of
$3,232,952
1,680,734
1,140,814
6,091,294
2,768,924
1.509,822
6,308,958
3,220,651
2,057,807
■
.
•
for
Registrar,
Conti¬
estimated at approximately $2,408,492,
the working capital of the
to
pfd.
stk.
($100 par)
PRESENT
FINANCING
series
stock
-
(no
Outstanding
50,000 shs.
par)——.
-
•
•
25,000 shs.
•
1,000,000 shs.
656,049 shs.
COMPANY AND BUSINESS—The company was incorporated
Aug.
17,
1927,
as
the
result
of
a
merger
of
Gardner
in
;
ilsed extensively
miniiig/^ih
/_ N i
■
j.*-
i
676,750
-
;
936,000
200,000
5,000,000
5,000,000
5,298,410
par)
par)
no
;
,
5,298,410
3,899,658
accumulated
3,899,658
1,000,000;
9,452,247
1,000,000
pursuant
charter.
of
936,000
200,000
($100
(outstdg. 472,982 shares
reserve
638,295
1,400,336
1,056,915
—„:
-
stock
$2,250,000
442,159
118,454
293,551
^
:
;
— -
8,973,726
$30,541,872 $30,157,038
—
for
reserve
doubtful
accounts
and
for
discounts
totaling
$2,223,560
of
Corp.—Tq Continue Export Ratio—
export
quotas
on
and
new
used
March
cars
31
bring no change in export percentages for General Motors, C. E.
Wilson, President announced on April 1.
"Our
for
present Intention is to
balance of 1947 model
the
export
percentages
related
as
to
the
on
cars
continue
existing export percentages
production," he said. "The existing
and
trucks
based
are
on
exports
prewar
volume
of domestic production. At the end of the
expect to review the then existing facts and decide
what is the right thing to do for the future."—V.
165, p. 1727.
1947
model
run
we
General Public Utilities Corp.—To Exercise
Rights to
New England Gas & Electric Association Stock
The
corporation
transferable
of
New
rights
announced
England
will
April
non-transferable
Gas
result
in
and
2
that
rights
to
Electric
it
will
—
fully
subscribe
to
Association.
exercise
new
The
shares
and
the
of
least
at
result
may
its
common
exercise
acquisition
by General of
in the acquisition by General
the exercise of rights of a total of
479,235 shares.
The exact
of additional shares so acquired will
depend upon the extent
cise of subscription rights by others.
Under the plan of recapitalization of New
England Gas &
118,726
:
and
through
amount
of
exer¬
Electric
Association, General Public Utilities Corp. will also receive 189,952
shares in exchange for its present
holdings cf $5.50 preferred shares
of New England Gas & Electric Association.; It Is
expected that, after
consummation
of the plan, General Public Utilities
Corp. will receive
approximately $1,900,009 as a result of payments to be made by New
Gas & Electric Association under the plan in settlement of
England
certain
controversies.-
Weekly Output—
The
28,
electric. output
1947,
amounted
;
.
of
to
this
corporation for
the
week
ended
March
135,492,485
kwh.,-an increase of 21,695 068
lcwh., or 19.1%, ever the corresponding week of 194G.—V. 165, p. 1728.
General Time Instrument Corp.—Stock Increased—
'..
in
the petroleum
railroad)'Operations
j.J
w,
industry, in construction work,
and in various other industries
'
;•
* J«&
increase
An
from
400,000
1947. • ;
:
1,
The
board
have
was
the
in
the
number
to 500,000
was
of
shares, without par value,
by the stockholders on April
V:
,
of
directors
has
no
present intention of
'
yyy>:fy
issuing the
new
^announced by Arnold J. Wilson, President, but desired
power
action.—V.
to
165,
issue
p.
-
common
authorized
additional
shares
if
conditions
to
warranted
1728.
(B. F.)
Plant—
Expansion
Goodrich Co.- -Plans Expansion of Oklahoma
1
•
....
of tire
manufacturing facilities at its Miami, Okla.; plant
involving an expenditure in excess of $1,000,000 was announced on
March 28
by T. G. Graham, Vice-President
He said the increased
facilities would boost production
approximately 16% over the current
output.
The new expenditures,
making total cost of the plant more thin
$8,000,000, are earmarked for new equipment which will be installed
by July 1, Mr. Graham said. Completed in 1944, the Miami plant now
employs more than 1,000 persons. "
'
in Dela¬
Governor
Co., of Quincy, 111., and Denver Rock Drill Manufacturing Co., of Denver,
Colo., which were engaged in businesses largely complementary to one
another.:
The company manufactures and sells a wide range of prod¬
ucts
-r
228,341
are
company.
CAPITALIZATION, GIVING EFFECT TO
ware
176,961
will
such
Chicago.
by the company for the following purposes: (a) $1,000,000
payment of the company's notes payable, due April to June, 1947,
as the same mature.
These notes were issued to provide working cap¬
ital.
(b)- The balance, estimated at approximately $1,408,493, as an
Common
50,441
,J 242,489
and
withholdings)!—__
income
Ending of Federal
be used
4%
tax
on
preferred
surplus
stock, it
.
for
addition
(incl.
General Motors
-
of
PURPOSE—Net
to
1
V
2,112,721
of
stock, 4%
1944
-
5,938.713
.
1945
969,329
'
282,136
vania personal property tax so long as the company
the franchise tax in that State.
Cum.
534,362
$2,525,386
~ 1,909,968
income
1315.
1946
$2,833,691
899,607
•'
railway.
railway
fet
1947
2,523,152
1,077,631
Authorized
Florida East Coast Ry.—Earnings—
J
2,406,181
209,118
23,672,152
32,254
1
$200,000 in both years, tAfter reserve for depreciation
in 1946 and $2,204,096 in 1945.—V.
164, p. 2286.
preceding
,
February—
216,393
-■>
31,253
^
and commissions
than income taxes,
reserve
stock
♦After
v
1944
"597,675
447,904"
1945
$1,419,188
350,000
2,343,320
100,000
2,398,770
:
wages
capital
such
1,916,819
cost
v.
requirements
Total
$1,281,082
542,240
276,271
Entitled to dividends, cumulative from date of
issue, payable quar¬
terly February, May, August and November 1.
Redeemable, other than
at $104 per share through Dec. 31, 1950, $103 there¬
after through Dec. 31,
1955,. $102 thereafter through Dec. 31, 1960.
and $101 thereafter; plus dividends in each case.
Entitled in voluntary
liquidation to foregoing redemption prices.
As a sinking fund, com¬
pany required to
retire each year, beginning 1948, 2% of greatest
Redemption1,
166,021
403,605
Ltd.]
$2,500,000
surplus
for sinking fund,
Transfer
through
of the sinking fund
$1,375,000 of 20-year 3% debentures
due May
1, 1961, at 100% and interest.
Payment will be made at
oi-her the -office of J: P.
Morgan & Co., Incorporated, 23 Wall St.,
New
York, N
Y., or at the Cleveland Trust Co., Cleveland, Ohio.
—V.
165, p. 1070.
/
'
'
been
348,650
81,352
1945
25,000 shares of cumulative preferred stock, 4% series at
($100) and dividends.
{- /
''
nental
operation
177,458
1,884,692
at
;
1
:
cigar machines operated
royalty contracts
(portion
other
Special
Webber,
par
the
Cuba,
31
use
taxes
Capital
1,500
Gardner-Denver Co.—Preferred Stock Offered—A. G.
& Co., Inc. and associates on
April 1 offered
number
DEC.
1946
reserve
cumul.
Common
&
$1,214,929
for
Insurance
Becker
one-half
of
1946
$890,172
taxes
Contingencies
shares
railway.—
railway.
Net ry. oper. income—
—V. 165, p. 1189.
' ^'
—
accruals
3,500
Ry.—Earnings—
95,045
from
and
44,987
salaries,
other
«
3,500
1,500
Paine,
196,672
from
of
payable, trade
Provision
From Jan. 1—
Gross
Co.
189,593
key
officers
2,347,032
and
payable
3,500
Fla.—Registers
1947
—
to
lease
Accrued
4,500
Co._
$902,428
Gross
to
fixtures
license
Accrued
a
In
'
and
under
Notes
of
of
Cigar
.
194,094
Insurance premiums and other prepaid
expenses
also are being offered in
an
obligation to pay $57,000 in connection with the
plant in Jacksonville, Fla. Proceeds will be used for re¬
demption of 25,233,./5 shares of 6% preferred and for other
corporate
purposes.^—V. 165, 1727.
satisfaction
Net
(Harry), Inc., Detroit—Registers with SEC
a.189.
Jacksonville,
$8,973,726
•
23,605,107
•
stockholder who have indicated'their
willingness to surrender shares of
6% preferred stock of the company held
by them in exchange for
shares of new. preferred.
Part of the shares
98,634
before
or
Inc.,
350,000
.591,228
;
S.
ture
4,500
—___k
Underwriters,
purchase
General
.
$3,914,954;
350,000
$9,452,247
—
_
^Qwtis; and. Alien & Co., both of Kaw York. Of the total
65,500 shares will be offered to> the public at a
price to be supplied by
amendment.
The remaining 4,500 shares of
stock are not being under*
written and will be offered to
certain of its. officers and one
$2,406,216
1,203,489
$2,574,283
—
1,249,122
purchase
NOTE—In
:
150,000
-.:;
827,718
—
Inventories
4,500
Co.—
7
Jackscn
.
stock
Sundry assets
Goodwill, trade marks, patent rights, etc
Land, buildings, machinery, equipment, furni-
large
1 40,629
————
working capitals
rights
105,500
year.....^.
$1,772,233
and
—
with
1,202
—
Net
60,927
of
stock
ASSETS—
The company on March. 28
filed a registration statement with
the
SEC for 76,000 shares
($50 par) 4%% series cumulative
preferred stock
common stock purchase
warrants.
25,652
105,825
i
bank, non-current portion
surplus
89,926
5,283
tax
first mortgage mends, due March 1,
♦Capital stock ($1 par)——_—
Capital surplus Let
Earned
Dairies,
312,000
provision for deprec. and amortiz
.tlnpluding, in 1946, additional compensation
employees under profit sharing plan, $90,069.
Earned
Foremost
with SEC—
$978,418
8,936,536
$10,629,965
on
Accounts
Schoellkopf, c Hutton
Pomeroy, Inc.
4[50o
Barney & Co..
165, p. 1727.
$1,656,239
8,973,726
year
$30,541,872 $30,157,038
stock
White, Weld fr qp.__—
Clarke, Dodge & Co
Folger, Nolan, Inc.:
Paine, Webber, Jackson &
4,500
__
$2,617,836
1,327,416
LIABILITIES—
preferred
Wertheim
4,500
—
965,000
STOCK
the
are as follows: v
Union Securities Corp
4,500
Brothers
$2,621,239
v"'
CONSOLIDATED BALANCE
SHEET,
ljoojooo
5,500
Corp
Dr 17,952
unamortized)
6.000
Smith,
—V,
$2,406,216
,6Vs% notes
first mortgage bonds
on
Interest matured
for
[Including
<57 nno nnn
underwriters
16,987
t'jy 65,591
♦Incl.
.
2,370,956
•
128,327
.
$2,635,788
Earned surplus at end of year——1.
668,810 shs.
•
134,454
22,516
.
^
contingencies.—
Dividends
„
DEBENTURES
~
lnc._
Boston
,
$80,000
92,615
99,531
37,051
for
Dividends
70,000 shs.
_
several
2,720,840
—
Total
-Outstanding$8,000,000
20,321,71-7
$5,152,058
expenses-
below..^
Earned surplus at beginning
to
Notes payable, bank, current portion
Trade accounts payable————
»
$5,433,458
'
FINANCING'
70,000shs.
OF
Lynch, Pierce, Fen&
ner
839,647
26,065
27,925
before provisions
Profit
that
1,500,000 shs.
Goldman, Sachs & Co.——
398,905
841,584
—
1945
21,849,977
Government, securities,
♦Accounts receivable
PRESENT
($100 par)
Eastman, Dillon' & Co.—_
15,892
tProperty, plant and equipment—:.—_———
charges
Deferred
Blyth
524,602
—
-
be
cor¬
v^jnum«er>0j s*!ar®s to bc Purchased
$582,131
37,500
266,061
-
receivable
TO
par)
Kidder. Peabody & Co
Mitchum, Tully & Co.
"
bonds—
1946.
Provision for; taxes on. income
-
31
i——;
for
due
UNDERWRITERS
carry¬
fiscal
will
be used
$8,000,000
pfd.'stk.
conv.
stoqk
debentures,
Kidder, Peabody & Co.
Mitchum, ■ Tuiiy & Co.—
$1.76
tax
Subs.)—-Annual Report—
sale of securities and properties.:
on
Provision
was
UNDERWRITERS OF PREFERRED
BALANCE
TJ. S. Treasury
$14,858,446)
1944
NOTE—During the year 1946 the company changed
a calendar-year basis to year ending June 30.
.k
to
and will
—Authorized—
from
'
EFFECT
Class—
of
$283,506
$1.32
taxes,
(&
goods sold
Profit
U.
CAPITALIZATION' GIVING
3)4%
$214,010
t$70,484
t$0.43
3,500
International Machinery Corp., S. A.,
Nicholas-Waas, Belgium.
Title
—Calendar Years—
June 30,'46
1,500
—
$2,555,648
Profit
determine.
may
sinking fund
March
15, 1962__
6 Mos. Ended-—-
(amounting
Of
,
be
Works—Earnings, etc.—
y
proceeds
AND .BUSINESS—Company
2Vz%
Postwar
15,
devices, fruit washing equipment and
automotive service station equip¬
ment, with plants" located in
Lansing, Mich, and San Jose, Calif. Since
incorporation, the company has expanded the
scope of its operations
through the development of new
products and the acquisition of n
number of businesses.
Integration of certain cf the acquired businesses
has taken
place, with the result, that the:
company now operates
19 principal
manufacturing .plants donated./in. California;* Wisconsin,
Illinois, Indiana, Michigan, Ohio, New
York. Florida,Louisiana, and
Texas.
Company owns minority stock interests in Pacific
Machinery
•
Federal Screw
Bosworth, Suliivah & Co.—
profit
tSelling, administrative and general
Employees' retirement plan expense
Interest expense (net).
company was engaged in the manufacture and
sale of orchard spraying
will continue to operate its mills solely- as a
processor of sugar, all of these actions being subject to final stock¬
holder approval.—-V. J 65, p. 809.
Sundry
at
the
March
acquisition
Co.
Sugar
3,500
1,500
3,500
Brothers^w;
Gross
incorporated Aug.
10,
2928, for the put pose of acquiring: the business and
property of Bean
Spray Pump -Co., founded in 1884;
At the time of
323,890 shares outstanding., The" business of- Fajardo Sugar Growers'
Association will be liquidated,
Accounts
at
the general funds of the
company
purposes as the management
i
.
—
Convertible
stock
to
porate
These properties are owned by the Fajardo Sugar Growers' Asso¬
ciation, an affiliate in which .Fajardo Sugar stockholders have a
beneficial interest. v *.
■
i
v * *'
'
Proceeds of the- sale, which are subject to deductions for taxes and
Cash
payable quarterly
♦Cost
15,
added
,,
,
1947,
of common
PURPOSE—The
.
distributed
No. of Shs,.
Boettcher arid Co._
sales, less discounts other than cash
'
*
discounts, and returns and allowances.
$27,233,435 $25,473,775
prior to
1951, $101.50 per share thereafter and on or
prior to
March
15, 1952, and thereafter $101
per share,
plus, in each case,
accrued dividends to date of
The stockholders • at a. special meeting held on March 26
approved
acceptance of ah offer from the Puerto. Rican Land Authority to
purchase the agricultural properties of the company.
The Land Authority offered $6,040,000 for a part of the properties.
Other Fajardo holdings on which an exact value has "nut been deter*
mined will also be sold to the government.
The company has esti¬
mated that the latter 'Will bring < the total price • for all- holdings to
about $6,966,000. '
?*>
\j •
*•
;
Sale of the properties will be consummated not later than Decem-
u
Lehman
8,000
3,500
Vv>'^
redemption.
in connection with conveyance of the lands, will
rata among. Fajardo Sugar stockholders:
There
No. of
•
General Cigar Co., Inc.
stock, subject to adjustment. Redeemable
in whole or in part at
any time on 30 days' notice at $103.50
per share
on or prior
to March 15, 1948, $103 per share thereafter
and on or
.prior to March 15, 1949, $102.50
per share thereafter and on or prior
to March
15, 1950, $102 per share thereafter and on or
Fajardo Sugar Co.-—Sale of Agricultural Lands Ap¬
Earnings
15,
15, and Dee. 15.
redeemed, into common
of $100 per share
proved—
•Net
March
15, Sept.
viously
March
expenses
by each are as follows:
Shs.^'-^&$Sfc£
Gross
dends cumulative
revealed that other experimental units of the new all-metal
are under construction but that only the
prototype is flying
at the present time.—V. 164, pp. 3142 and 2957.
'
principal- underwriters and the
,
was
®kkk?kki^lk;k,k. ,\.V
the
Calendar Years—
specified redemption
k;
'W'?
,
Kidder, Peabody & Co
Ladenburg, Thalmann & Co.
—V. 165, p. 1589.
STOCK—Transfer Agents, Food
Machinery Corp., San
Francisco, and National City Bank, New York.
Registrars, American
Trust Co.,, San Francisco, and
Guaranty Trust Co., New York. Divi¬
Fairchild
Fajardo
$1,000 registerable as
Sept. 15. Principal and,
PREFERRED
designated the Fairchild model 47, will not be available for delivery to
the public until' early T94&
No price range has been announced.
*
p
Fairchild distributors will continue to deliver the current Fairchild
personal plane, the F-24, through this year.
other
of
w
metal, tricycle landing gear design, possessing many new comforts and
performance features.
No announcement concerning the company's
marketing plans was made, but it was indicated that the new plane,
ter,-:T947.
..
.
A. G. Beckerrds Co.
Inc.—,
Eastman, Dillon & CO
interest payable at American Trust
Co., paying agent in San Francisco,
or at New York Trust
Co., paying agent in New York City. Redeemable
through operation of sinking fund on March
15, 1950, and; on each
March
15
thereafter, at respective sinking fund redemption prices.
Redeemable in whole or in part at
any time at
place personal plane, which has been under development for some time,
Is now undergoing flight tests at Winfield, Kansas.
The new personal plane, now undsr development, is of low
wing, all-
It
Trust Co., San
Francisco, trustee, regis¬
debentures without coupons, in
denominations, of $1,000, $5,000,
$10,000 and of such other multiples of
$10,060 as may be author¬
and
names of
number of shares underwritten
tered
?
Of. the total sales in 1946, the company estimates
25% represented sales to the petroleum industry;
contractors
the
,
Cargo Plane for Use by Farmers and Ranchers—
to
tries.
3Y4% cumulative convertible preferred stock
($100 par)
at $101 and dividends.
.
requiring air tools.
that approximately
.*
Also
A
Expands Plant in Pennsylvania—
$
r
plant expansion program, to cost more than $1,600,000, has been
Pa., by this company, it was announced on April 2 by
started at Oaks,
company
The
the
officials.
current
company
expansion will
since the plant
be
was
the
fourth
opened
in
urdnrta'""*>
1937,
each
increase
in
V, ;
'.
■
,:.v
,
;
*+
y.
iMonday, April 7,
GHRONICX-E
COMMERCIAL & FINANCIAL
THE
.
1947
and important economies, ' which It is anticipated will
railway revenues.,unrest
expected that Mr. Rossell, who ; recently became a
will become President of the company, in April.
He was Vice PriX
dent of the Brooklyn & Queqns Transit Corp., for 9 years prior £
1939.
He was in charge of trolley and bus lines connecting with tu
BMT
subway and elevated lmes, -From -1939 to 1944, he ran
St. Uojiis transit system as President of the St. Louis Public Servir«
Co.
He is currently President of Transit' Research- Corp.
New YorkNew York and is also a director of National City Lines, which ron
trols the 'transit systems" in many cities. '■/
■
a",
K*
*1
W\
itantlal
than $1,000,000.
more
plant payroll has
to nearly $3,250,000
estimated lor 1947.
Observing its tenth anniversary of continuous
J)ifrjfi^ the company produced its 16-mililonth
>
•
.
_
.
I
31—
Months Ended Dec.
3
the. decline, of
'V II X <3.945
1948
>
v;
operatlons at Oaks, in
prolit
Net
Earnings
RR.—Earnings—
RECEIVERS—COMBINED
Statesboro Northern Railway),
share—™—:.
common
per
$l.eo
V I,-. "I-v
..
163, p. 2157.
—v.
CORPORATE AND
(Including
28—
Railway oper. revenueRailway oper. expensesPeriod End. Feb.
Regular
$182,889
149,998
$187,229
164,363
$32,891
$22,866
$48,053
6,228
4,673
5,374
3,426
12,456
10,996
2,938
5,737
accruals—
———
RR. Tax.
Fed.
'$376,614
339,923 1 ' 332,649
$387,976
Net reKlr ry. operRailway tax
Act '37
Unemployment
Xnsur. Act of 1038-
Fed. RR.
2,438
$11,128
11,935
$19,552
10,643
2,024
1,990
inc.
income-
$6,885
'
-
SEC—
*$4,564 ;
*$2,495
1,211
211
191
423
*$1,776
*$4,987
»$2,878
Jan. 1 to Mar.
21,
1946
Wk. End. Mar,
1947
1947
$ Mos. End. Feb. 28— •
profits from sales
Sell.,
Social
21,
R.
1947
1946
$532,465
March 28.
on
Subs.)—Earnings—
1945
1946
$568,885
406,223
$568,241
399,053
12,924
11,938
12,094
14,374
$159,397
22,657
$123,186
$150,568
9,673
11,727
$182,054
8,957
$132,859
8,862
$162,295.
64,753
47,436
79,539
257
Operating profit
credits
Income
Net profit
Depreciation
—
319
378
Fed. inc. and
profits tax on
current earnings
Exchange loss on profits
of foreign subs
—
1728.
Net
ry.
24,634,197
3,164,872
2,528,831
Ba$f & Western RR.-
Green
'
Federal
1944
1945
1946
$216,594
47,066
6,299
$216,492
57,375,
19,011
$250,072
468,459
453,412
454,850
115,936
104,015
122,327
42,056
26,087
47,085
491,015
167,067
88,480
Calendar Years—
Earned
5,674,227
4,977,898
$95,539
$182,736
30,807
2,699
37,822
14,700
542
885
14,736
Net
No.
Total
—
__________
—
.__
3,812
$287,429
$554,091
3,359
state
68,477
25,203
24,022
1,925
"
$235,294
bond discount &
shares
Contributions
v
Balance
$718,478
74,750
$6.28
$9.61
$1.84
"
$6.34
-
Inventories
52,668
Other
current
40,812
,V."
43
U.
Government
—
to
3,000
4,000
Miscellaneous
—
surplus
$66,164
&
20,862
other
Dividends
paid
$84,869
323~ 779
'•25,616
assets
tFirst
BALANCE
SHEET
DEC.
Notes
♦Land,
equipment—
__
lien
•
Deferred charges
74,115
29,934
Cash
Combined
1,020
receivable
Interest receivable
Accounts
24
$1,832,661
First
mortgage
In
$400,000
344,000
*- 75
loan unpaid
3%%
payable
payable
Accrued interest
'
Dividend
Provision
payable
Total
♦After
.—_
—
payable Jan. 2, 1947™
63,525
871,700
53,710
for
and $1,091,211
$400,000
430,000
75
4,371
52,302
!
,———$1,736,760
_,
reserve
*
1946—
(par $50 per share)
Surplus, less dividend
1946
'
3,750
Jan. 3,
for taxes
Capital stock
■
....
53,352
871,700
-,.20,8j61
$1,832,661
depreciation and amortization of $1,046,398
in 1945.—V. 163, p. 1285.
23,051,009
192,357
,170,553
192,425
liabilities
addit.
i
225
tax
4,144
in
*After
reserves
for
614,361
1943.—V. 163,. p.
$13,869
In
276,785
casualty
and
Miscellaneous
$lr4Q0,008
1946. and
™'_™-
174,651
288.13®
627,513
2,484:
.
5,647,495
13,433
242,191
720,000
313,902
—
reserves.-—_t™___—-
reserves
depreciation (road and equipment)—
depreciation (miscel. phys. property)Other unadjusted credits
Funded debt retired through surplus—
716,750
of
141,141
6,308,660
liabilities™—-—-^——
Accrued
116,500
$1,156,806
depreciation
11,626
2,484
adjustment income
Accrued
80,000
104,000
161,745
IIIIIIIIIH
surplus
5.242,939
624,263
mortoutstanding in hands of publicon
liability
Maintenance
3,900
etc.
assessment,
29,895
156,332
and dividends payable—^
liabilities-—..———-——
deferred
Insurance
15,389
HI
income
Tax
119,636
842
stock
33,286
.
83,503
I—II
I
I
^Total,__™_—___—
,
LIABILITIES—
Accounts
[____
balance
bonds
gage
Other
.
.
Notes
29,202,705
21,754,000
17,215
37,099"
on
current
-
13,467
31
$1,736,760
—•:
Total
29,047,705
in
and
tIDeferred interest
32,802
mortgage'
for
Common
Other
56,904
115,000
™
ZZZZIZ
——
credit
current
Reserve
355
$30,861
taxes
Long-term
226,086
312
944,000)
outstanding
adjustment income mortgage bonds
outstanding in hands of public™-.™-——
Accrued interest and rents payable.™-™
Interest
$10,000
1
*
accruals
Other
$1,531,055
216,247
Investments
.
942,000
:-
Audited account and wages payable:
_____—
Miscellaneous accounts payable_-™-___™-%-—
$1,400,008
year)
officers-™.-
Other
$1,490,243
(one
employees
Customers'
1945
1946
buildings and
to
to
Accrued
31
ASSETS—
due
Due
$20,861
$53,,710
surplus as of Dec. 31
loans
payable
payable, banks—
Due
'
Net
39,995,385
——------
stock
outstanding
LIABILITIES—
Mortgage
61,019
78,453
$1,156,806
Accounts
2,989
adjustments
and/or declared
131,535,439
39,995,385
5,242,939
11,626
public—.—----—
refunding mortgage 5%' bonds
in hands of public™--——§ Adjustment income mortgage 5%
bonds out¬
standing in hands of public—
—;
4,507
H 2,296
equipment
192,352
476,530
,
hands of
208,238
1,006,927
63,081
bonds
536,000
590,039"
142,276
4,231,289
^
liability for conversion
fFirst mortgage 4V2%
bends
1945
2,050
Total
18,705
$132,163
Tax
premiums
debits
stock
Preferred
136,702
assets
13,603,567
43,807
131,043,641
assets
unadjusted
Common
$701,166
...
276,623
313,893
13,625,324
43,807
261,952
767,749
175,057
467,348
.6,^t
.44,754
—4,-165, <03
paid in advance 27,593
—
33,213
Stock
4,416
(net)
building and
162,521
,
LIAB1LITIES—
SEPT. 30
45,548
Receivables
150,342
accounts receivable---.-------,—supplies—___.—-—
Interest receivable, —
;
.,,
-Other current assets,—•
and
Material
72,800
;
$
111,175,119
J23.947
deposits
Special
$133,809
55,357
110,524,637
315,000
$347,463
$
Cash
1945
1946
.
(bonds)
investments
Other
31
.
mortgaged property sold—
♦Deferred
$32,488
9,656
S.
$500,577
DECEMBER
physical property
——
in affiliated companies
Rents and insurance
89,688
1946
43
beginning of year Jan. 1
SHEET,
Miscellaneous
40,025
114,129
COMPARATIVE BALANCE SHEET,
♦Land,
1,155,017
"
.
Matured interest
Surplus
-
.
.
'3.6,443
*
$200,983
32,349
Earns, per com. share
21,050
$111,301
H
''
ASSETS—,
Other
common.
7,362
financing expenses-
-1
in¬
profit
40,812
Depreciation '
Amortiz.
$525,277
83,087
61,545
Interest
$654,440
1,089,315
year
-W
Miscellaneous
taxes
31,803
/
;
;
$194,393
$255,867
. ——
—.
——
,
452,041
deducts..
and
of
1,506,645
___________
:
v....
•
Investments in road and equipment
6,529
"
10,735
paid
52
——.
the
for
*Deficit.
,
fixed
of
ASSETS—
Administrative expenses
Deficit
'
$501,447
17,301
income
sale
Miscellaneous
come
$2,161,085
1,501,058
$1,293,269
cn
Deposits in lieu-of
Maintenance funds
1945
,
1943 ,,
$5,479,345
6,246,371
income—
Federal
$1,297,104
*$203,954
ex¬
158,413
Interest
53,579
bonds outstanding in
adjust, inc. 5%
hands of public —1,
Int.
selling,
assets
$178,756
14,700
earned
Profit on securities sold
interest
5's and first
4'/2's outstanding in hands of public—
first
46,369
30,247
applicable to bond
lien & refunding
income
on
I,
1944
$5,856,963
earned
Total
$2,261,033
51,797
Total
1946
$240,625
Interest
3291.
2,454,868
Miscellaneous
Harrisburg, Pa. —Annual Report
Years-r
Net
$2.30
$1.70
__
1945
$6,341,910
Profit
Mar. 31 filed a registration statement with the SEC
for the 100,000 shares ($5 par) common. Underwriters, A. C. Allyn &
Co., Chicago, and Loewi St Co., Milwaukee.
Proceeds will be used ito
retire on May 1 company's outstanding preferential participating stock.
—V. 165, pp. 1590, 1315; V. 164, p. 3291.
, :
$1,379,148
—
other
-
1946
$2,542,342
etc.
on
105,432
than bend interest:
Rent for tracks, yards and terminals
Miscellaneous deductions
sheet shows current assets of $8,239,634
$3; 137,925.
Cash excluding the $1,000,000
of
Sept. 30—
sales,
Interest
The ^company on
receivable
Dividends received
-
•
•
deductions
Inccome
expansion, amounted to $2,635,910.—V. 164, p.
and admin,
Profit
Rent
income
Gross
'
Investments
.
isters with SEC—
Harrisburg Hotel Co.,
*
$87,474
of
penses,
Two Rivers, Wis.—Reg¬
Hamilton Manufacturing Co.,
,$1.21
mtge.
•
-
_.
sales
Net
Co.—Consolidation Ratified—
above,—V. 165, p. 1455,
(
' H,
.
BALANCE
gen'l
Natural Gas Co.
....
Honeymead Products Co.—EarningsYears End.
$2,155,601
109,982
balance
31
liabilities
current
Cost
States Oil
share.
per
allocated for plant
1455.
Calendar
J
•
..
$1,542,619
612,982
—
December
The
and
f,
-
616,715
$2.00
1946
'. .1945
Net sales
$15,426,415 $14,403,000
Net income aiter charges and taxes
471,452
641,000
Common shares outstanding™———J—~"
278,714
278,714
47,491
$652,451
income
Non-operating
Hewitt-Robins Co.—Earnings—
87,590
Planned(H. L.) Green Co.The stockholders will vote at the annual meeting on April 23 on a
proposal to increase the common stofck from 600,000 shares to 1,500,000 shares.
If the proposal is approved, a stock dividend of 100,%
will be declared.
There are outstanding 598,142 common shares.—
See El Paso
.$4.85;,*
cohijnQiji share
$1,687,324
1,021,999
$1,14.6,642
1,021,999
.
income
Int.
-100% Stock Dividend
Gulf
$3,648,629
1,021,999
President, Etc.—
New
1,049,060
operating income
:
other than railroad operations
Railroad
Net
2,471,638
260,747
194,713
193411
tax—
:
Earned per
$2,591,679
1,049,191
467
tax
Income
Net
-Earnings-
_
railway
Net from railway—
Net ry. oper. income—
—V. 165, p. 1315.
from
V. 165, p.
profits
and franchise
$1,701,642
from railroad operationsapplicable to railroad operations..
revenue
Taxes
726,017
803,727
165,984
2,231,229
_„
1—
From. Jan.
Gross
_—
income
Net
„
$7,130,413
4,538,734
28,500
Percy Alexander Staples,* President of the Hershey Trust Co./ Her¬
shey, Pa., on March 25 was elected President, succeeding William F. R.
Murrie, retired. Mr. Staples also was elected Chairman of the board
of directors.—V. 165, p. 338.
$238,174
69,056
31,612
railway
from railway
—
ry. oper. income—
347,436
surtax
and
excess
#•*
1947
,
from
Gross
settlement
normal
State
372,743
50,000
allowed
Federal
28,015,053
7,823,521
2,999,906
27,455,031
6,230,172
1,584,666
income—)
February—tr
Net
23,437,250
4,108,165
605,771
railway
oper.
'•
514,675
;
$5,522,120
deductions
Other
1944
1945
1946
$2,866,307132,498
expense
Renegotiation
1945
$6,436,441
4,734,799
$1,269,166
$6,587,944
Cash discounts
165, p. 1315.
—-V.
Net
Interest
1946
operating revenues.—
Railroad operating -expenses—
$5,013,957
172,905
508,172
157,082
i
income
Gross
FOR THE YEARS ENDED DEC. 31
INCOME ACCOUNT
Railroad
$2,693,402
$6,430,862
—
Other income
$75,703
$72,486
;.
profit
Dividends declared
From Jan. 1—
Gross from railway
from
shipping and gen.
Net
1,056
•
ii.
Net ry.
77,390
-
income—
oper.
(& Sub.)—Earnings1946
1945
1944
$8,304,804. $4,225,951 $7,115,439
adm. exps.
1,873,942
1,532,548
2,101,482
._
in
due
Interest
31—
Quarters Ended Dec.
profit on sales
$11,813,373 $11,019,865 $13,032,351 $14,497,315
2,734,506
4,393,238
1,464,257
1,737,295
1,191,481
1,693,259
294,731
545,432
railway
resulting savings in annual interest charges will
interest arrearages of $317,765 were eliminated;
1946 on the first mortgage 4
and first lien
and refunding 5% bonds held by the public was paid in full. However,
in respect of earnings, during 1946 only
y2 of 1% interest was paid
on the adjustment income
bonds, due to the severe loss and increased
operating expenses resulting from labor difficulties.
Stockholders'
equity was increased by $71,686 during the year.
This was accomplished because the profit on bonds retired and re¬
covery of real estate taxes more than offset the loss from operation;
$512,117.-The
of
registration statement (No. 6864) filed with the SEC Dec. 16
(par $10) 5Vn% cumulative prior preferred
(par $10) common stock has been withdrawn. .
Gross
a
amount to $72,690, and
.
Hershey Chocolate Corp.
1947
railway
from
from
_J.*
/'
.
:
^
' , V* . ,
, .
continued this policy, using
,
.
M.—Registration
Hot Springs, N.
passenger
portion of^the "Property Amortization Fund" pot required- for main¬
tenance of physical properties to purchase bonds at substantial dis¬
counts.,, First mortgage
4 V2% : bonds, first lien and. refunding 5%,
.bends, and 5%
adjustment income bonds in the principal amounts
of $3,000*. $155,000,
and* $1,297,000,:; respectively;; were bought with
such funds during. 1946:- The subsequent .retirement of -these bonds
reduced the company's bonded indebtedness by $1,454,000, at a cost
164, p. 3258.
—V.
$163,532
9,384
Ry.—Earnings—
February—•
Gross
Net
Net
$154,814
8,718
9,891
$108,087
• $76,241
29.—-V. 165, p. 684.
Northern
Great
revenues and - increased , operating expenses, the
has not earned the charges on its bonded indebtedness' On
Dec. 31, 1946, the company had outstanding $29,989,600 fixed interest
and $21,754,000 contingent- interest obligations,, a total of $51,743 600
all of which matures in
1957.' The annual- interest charges on this
amount were
$2,582,470.
In an effort to reduce this indebtedness
and the interest charges, the company has for some years past made
covering 50,000 shares
and
Sell.,
—
.
1932, due to the combination of de¬
REDUCTION OF DEBT—Since
purchases of its bonds in the market
During the year 1946, the company
L,
of
company
stock and 40,000 shares
months ended Feb.
♦Three
total more
The
excess
Net profit
; ,:
.
Statement Withdrawn—
for
Prov.
now
Health Institute, Inc.,
$546,021
410,897
benefit
„
automotive and t ether com¬
than in any other peacetime - year.—-V. ;165,
said that
of non-income producing properties
and the company was relieved
and maintenance expenses involved.
•
'
fixed
.
,
.
creasing
firm orders from
Clark
Mr.
*1944
$687,247
514,926
adv. & adm. exps.
secur. & old age
insurance —
I
•;
exceeded that of entire preceding fiscal
W. Clark, President, told stockholders at
p.
Gross
the
a
the first
in
Business
year
panies
Gossard Co. (&
(H. W.)
.
'
During the year several parcels
were
sold at advantageous terms
•;
Corp.—Orders at Peacetime Peak—
>.
.
six months of the company's current liscal
year. hy. a large margin,
the annual meeting held
Hayes Mfg.
•
$537,861
$50,875
$51,650
revenues
165, p. 1728.
filed
iu
last year.
Honolulu—Registers with
383
$7,748
Period-
-
'
'
■
Mar. 31
REAL
opened
registration statement with the SEC
for $5,000,000 first mortgage bonds, series F, due 1977. - Unde: writers,
Dillon, Read & Co., Inc., New York, and Dean Witter & Co., Ban Fran¬
cisco. Proceeds will be used to repay $3,000,000 of short term, promissory
notes and to reimburse its treasury for previous construction .expendi¬
tures.—V. 162, p. 1768.
"
-' e
*$4,952
2,457
*$1,585
from income
Operating
Co., Ltd.,
-
.The company on
*$7,179
2,615
♦Deficit.
—V.
$20,186
21,102
4,036
i
E3TATE OPERATIONS—The Hudson TerminalBuildine^
1908, contain approximately one million square feet of"
rentable area.
The bridge-connected twin buildings are located in
the downtown area of New York City. - The buildings - represent the
principal jteiai estate asset, of- the company/ which has-been successful
in. securing and maintaining .100%
occupancy during the year 194a
>-Gross revenues.: In; 1946yamounted to $2,171,398,
an 'increase a*
5.5 %
over
1945./' This upward trend is continuing this year. Net
income
amounted to $&'.o,4o2 representing a small increase over
'
■
■
1,073
applic. to int.—
Surp.
I
$7,959
income
Gross
Deductions
7,016
6,015
$18,864
21,886
1
4,157
"*$2,797
Non-operating
10,748
'
Hawaiian Electric
Rallway oper. income
Equipm't rents (net Dr)
Joint fac. rents (net Dr)
oper.
$43,965
.
*
Net railway
'
Treating Corp.—Stocks Offered
—On March 6 Henry C. Robinson & Co,, Inc., Hartford;
Conn, offered 10,000 shares of 6% cumulative preferred
stock (par $5) and 30,000 shares of common stock, (par
10c). The preferred was offered at $5.20 and the common
at 10c per share. Proceeds will be used for general, cor;,
porate purposes.—V. 165, p. 1315.
Hartford (Conn.) Heat
1947—2 Mos.—1946
1947—Month—1946
is
It
1;
^^$664,497 ^M7L33I
Federal taxes on income™.,--—
Profit before
„
tire.*~V. 165» p. 1590.
Georgia & Florida
Chemical Co^Earnings-
Harshaw
During' these ten years the
increased from slightly more than $300,OQO annually
costing
fftciiitles
fund
reserves..
,
7,274,825
7,926,481
240,025
4,924,383
367,838
,,
Profit and loss surplus
4,572,261
—
.
.
12,082:
196,519
720,009
276,623
,7,081,389
7,734,644I 212,950
4,924,383
354,762
4,500,575
131,043,641 131,535,439
val^,e_^ /S^Pyfon^s
bonds; reacquired,per contra).*
tAfter deducting $66,204,uuu
d
pledged as collateral under the first lien and refunding mortg e■
t
the adjustment income mortgage per contra,
tAfter deductmi 0«umedl
held in deferred assets ($4,758,OOC) and securities issued or a ►. nds
Total
$28,301
-
♦Insurance and other funds
1566.
(less $9,407,009 par
^
Hudson
.
&
Manhattan
RR.—Annual
Report—William
J. McEnery, temporary Chairman of the? Board, on Feb.
28 said in part:
• '
V-v"
'
will continue for some time to come.
Modernizatidn
equipment has been initiated. T, The fare rate; has
been
stabilized, and we have procured the services of William'T
Rossell, an outstanding expert in the transit field, under wh'ose'^uldance
we
hope to establish policies which will result in an increase
of
24
belie.ved,
the
in the
railway
general revenues of the company and to effectuate many sub-
—unpledged
held
^he.r®?1 estate operations show an. upward trend in. revenue -which,
it
is
l
-
;
in
%
($1,029)
deferred
per
assets
contra..•
contra.
per
Dec, 31, 1945 -rV. 165, -p^
At
a
special
gave
corporation.—V.
,
Corp.—Liquidation ApPr°ved-^^
stockholders' meeting held on AprH/l.^the
their consent to the dissolution and liquidano
Hummel-Ross Fibre
two-thirds
/§After deducting: $4,649,oou-du
1129% deferred Dec. 31,
1729..
165, p.
1729.
u
K' ■ J
•
v
:■
' Number 4583
Volume 165
•
••
.
.
THE COMMERCIAL & FINANCIAL
CHRONICLE
il
(1867)
-Indiana Harbor Belt RR.—Earnings—
28—
period Ended Fob.
•
:Jones &
1947—Month—1946
1947—2 Mos.—1946
Laughlin
oper.
revenues.
$1,604,228
$1,144,173
oper.
expenses.
1,438,027
1,344,624
#3,364,369
2,991,950
$2.4^0,777
Railway
oper.
$166,201
*$200,451
$372,419
*$220,824
accruals..
111,012
90,159
225,852
178.287
Net
fr.
rev.
ry.
tax
"
V
income
Other
ating
expenses
210,282
158,436
330,564
319,584
*$155,093
3,968
*$449,076
*$183,997
*$718 695
3,055
9,637
6,702
*$151,125
3,434
*$446,021
*$174,360
3,122
6,830
6,263
41,776
83,118
83,729
$490,919
of
for
*$711,903
-41,581
Cost
Prov;
rents.
—
Taxes,
deductions
Miscell.
iixed charges
Total
Net deficit
$264,308
depreciation
Prov.
for
doubtful
re¬
semi-annual cash distribution of $.0275 per share of
GROUP'SHARES was paid on April 1 to holders of record
1947. Of this distribution $.0110 per share represents undis¬
tributed net income (not including profits or losses from the sale of
securities) and $.0054 represents realized net profits from the sale of
securities, and $.0111 represents capital surplus.
After giving effect
to this payment, realized security losses, less realizable security profits
amounted to $.4888 per share.—V. 164, p. 2692.
regular
dismatling
notes
and
965,250
1,104,837
Crl23,651
of
bond
35,268
Federal-
excess
Credits'for
Other
!
Income
Cash
etc
15,474,491
carried
Insuranshares Certificates, Inc.—New Director—
surplus
5% pfd. stock—series A, $5
1946 and 1945; series B, $1.25
share,in
share in 1946 and $5 per share in
per
Cash dividends
&
No.
of
*Of
International Detrola Corp.—Expands Facilities—
per
1945—
($2 per share)
8,082,082
1,649,244
Net
Russell Feldmann
C.
President,
April
on
1
announced
the
is
addition
step to assure
hearth and rolling mill operations an
"This
a
$3,79
receipts
from
Newport (Ky.) open
supply of some 150,000
annual
'
CONSOLIDATED
miscellaneous
Cash
in
states and Canada.
SHEETS,
announcement added that the
The
i
idle,
been
and
expected
is
employ about
to be
120
Martins
returned
persons.—V.
to
and
subscriptions
Real
about
in
60
;
!
hand
on
sales
International Great Northern RR.—Earnings—
1947
Februaryfrom railway—
Net
from
1946
$2,202,445
1945
$1,990,403
1944
>
railway—
286,967
455,849
541,818
214,896
277,013
285,181
Prepaid
from
railway—
4,481,575
railway--—
577,209
income—*10,172
-'Deficit.—V. 165, p. 1316.
4,089,906
4,688,529
4,741,302
Net
from
916,573
1,269,182
1,547,620
Net
ry.
424,684
594,558
586,977
•
oper.
Total;
U.
S.
District
payment of
debentures.
Brickley, trustee for the System, filed
Court
at
and
accrued
The
Boston,
unpaid
payment
of
Mass., for
interest on
$1,859,760
approval
Other
60b
convertible
the
Other
interest
represents
gold
1, 1947.
Judge Francis J. W.
motion.—V.
165,
Accident
hearing for April 15 to consider the
a
Funded
Theo New York Stock Exchange
Period End. Feb. 28—
oper.
rev.
Inc.
avail,
Net
1st
Total
$1,924,216
976,361
760,885
246,175
730.954
564,171
209,384
660,588
490,485
1,998,212
Corp.
New
one
shs.
director.
$106,772
617,100
130,207
Federal
income
taxes
stock
within
182,80&
(no
28,198,529
2,999,000
2,952,000
1,621,966
2,400,471
29,356,800
1,626,786
pfd.
29,356,800
96.507,400
$100).
244'700
—
80,564,400
76,059,261
I
par)_
shares
in
1945.—V.
165,
shares
in
1946
expected
$It is
that
further
Contingent
Reserve"
account
and
it
as
1946,. $131,532,
the
transferred
stood
unpaid
in
the
Deakin,
Mr.
who
is
an
Net
ry.
1945
$303,085
211,275
137,876
157,275
of
$52
per share
163, p. 2582.
102,564
61,632
73,612
Years Ended Dec. 31—
Cost
of
corporation.—V.
165,
—V.
railway
railway-^
income_^_
165, p. 1316.
oper.
Inc.,
Minneapolis,
of
filed
27
series
registration statement for $100,-
a
certificates
15
certificates.
and
expenses
240,015
12 Months
Ended Feb. 28—
■state
&
Net
and
expenses
Fed,
income &
[Other taxes
[Provision for
1947
maintenance.
—
\
Total
earnings
484,000
$966,508
40,001
$1,095,613
32,061
earnings
on
funded
fret income
165, p. 1591.
Jacobs Co.
$337,102
New Treasurer-^
.
3ecretCS
an
^*ndkam has been elected Treasurer and Assistant
Federal
a
Excess
income
profits
Reduction
Fibre
Co.,
,_°££lnance
vi**
*
sales
for
the
Net
neral
of
Reconstrue-
of Clare S.
Jacobs.
Mr.
Jacobs remains as
,
the
company,
Manager.—V. 165,
Jersey Central
p.
member of the board of
directors and
1729.
r
Power & Light Co.—Form of
1947
riant-'
-
one-third.
.
Certificate
due
tax
to
* April 1" dfr6cted that v
series, up to and including
ASSETS—
1946
>
.„
j
,
-v-.
.
-
;
receivable,
Due from U. S.
Other
Plant
and
-
,
-
"vi;
be
a
delivery.—V." 165, p.'1071.
-
4: .Oil*
.v
i"-
-
,
3- 2—-C
tsl'l
.
.q
-X
,
59,093
1,152
replacem't cost
:
7,25*
540,21*
15,207
Goodwill
564,892
7,904
l
Preferred
stock
fund—*
l
17,919
17,910
$1,635,976
retirement
.
$1,589,428
'
Total
—J——
'
LIABILITIES—
Bank
'-v.-
loan
Accounts
$175,000
payable, trade
Subcontractors'
Due
on
140,789
termination
claims——
_
renegotiation settlement^———
Other, accounts payable
Accrued taxes, w^ges and misc* exps
Reserve for. contingencies.™..^
$125,000,
132,868
6,845
5,342
733
—
;'
743
149,954
...
$6 pfd. stock, 13,391.56 shares, no par; common
stock, 10,000 shares, no par
'
Reserve.for .retirement of preferred'stock*——.
•
...
77,71ft
691,910
557,910
—
or
equipment
—
175,60*
12,629
4,600
—
Prepaid expenses
15,553
204,293
claim-
Treasury
—
$123,275
18,026
other—Termination
Inventories, at lower of actual
„
.
1945
$112,325
Accounts
.
,
•
—
Life insurance, cash surrender value
Accounts receivable, trade, less reserve
the
were
income
COMPARATIVE BALANCE SHEET, DEC. 31 "
.
deUverieS
256,913
93,000
23,00ft
1,053,236
17,919
1,026,13ft.
17,91ft
,
"
ifipo
ncates shall
1,54(>
54,30ft
167,30ft
Cr31,50*
renegotiation
Cash
^TTlie^earl^ eoijstrtictio^ of the Hammond JJlaiit was made possible
by a refunding,: of; the.' 4*4#
bonds-in April, 1946, when the out¬
standing issue of :$1,800,000 was called and replaced by a new issue
e preferred stock, 4%
April 17,
t of $2 800,000-3MiS-idue in 1966. Of the new issue $1,200,000- was set
made either "With temporary certificates or. with perma(aside. as:["Cphstruction Cash" to insure the completion of the Ham*
Vacates;^»that :bejgihhiiig April 18,1947, only permanent' cer-
^Stdck ^Exchange 6n
$298,651.
$178,793
$107,01*
79,560
80,142
"Company's discontinuance during 1946 df that portion of
pump
manufacturing code policy relating to capitalization and depreciation
of tools and patterns resulted in
charge to operations of approximately
$18,200 more than under policy of 1945 and prior years.
highest in the history of
the company.
Even after making allowances for increased prices in
the last quarter due to elimination of OPA ceilings, and for the sale
of some
egg-packing material in December, which would normally
have moved in the first quarter of 1947, the fact remains that the
tonnage sold in 1946 was the largest on record.
The plant was
operated to capacity during the year except as extraordinary repairs
were
necessary to compensate for the unusual
strain on equipment
during the war years.
Wages and certain other costs will, of course,
be somewhat higher in 1947.
.
The most important; development during the year 1946 was the
decision to build a plant in the Chicago District. • A tract of about
35 .acres was acquired "in Hammond, Ind., located within the Chicago
switching' limits .on the .Indiana Harbor Belt RR.
It is expected
'that the plant will be completed late this summer.
This plant in
its initial phase should increase the. output of the company by about
1946
year
.
Corporation in Washington, D. C., fills the position left
the resignation
®"Pr®sMent
3,99ft
$304,775
4,281
121,700
expense
taxes
Preferred dividends
Waterville, Me.—Annual Report—
..
^
$294,65*
14,989
etc., income
income
-
former assistant to the Director of the
234,883
*
$289,786
annual
Gross
146,997
$533,570
_
-V.
'
1
Financing and life insurance
directors proposed
Dwight S. Brigham, President, on Feb. 5, said in part:
522,409
140,369
Total
by W. Wallace Kellett, President,
slate of nine directors proposed in a proxy con¬
opposition group of five majority members of the retiring
Keyes
$1,006,509
debt
flmortizi of debt
disct. & exp., & other deducts.
(It.; ]L.)
618,917
508,000
1 ;
»
i
net
604,225
669,157
retirements.—'.
operating
2,633,218
438,625
profits taxes—
excess
*
interest!
1946
$5,306,869
:
°ther income
nine
Corp.—President Upheld—
meeting of stockholders was held March 27 and ad¬
journed until March 31, pending results of the ballot.
Members of the new board, which will become operative when trus¬
tees now operating the company under a court order turn it back to
"the management, * are: ■ W. W. Brinkerhoff, President of Air Carrier
Supplies Corp.;
Sidney G. Edwards,
Attorney;
Charles E. Hunter,
President of Hunter Manufacturing Corp.; Robert L. Johnson, President
"of Temple University; -C.--S. Jones, President of Casey Jones School
of Aeronautics;
W. Paul Jones, Vice-President of Philco Corp.; Mr.
Kellett: Oliver H. Payne-Chairman of Liberty Aircraft Corp., and
Galen Van Meter of the investment banking firm of Reynolds & Co.
—V. 165, p. 1591.
2158.
$5,760,976
3,049,'>80
operating earnings
'Operating
of
by
.The
Syndicate,
p.
j
Operating profit
Interest, comm. earned,
.
board.
face
$80,000,000
Underwriter,
Iowa Southern Utilities Co. of
Delaware—Earnings—
[ Gross
slate
victorious over
test
Investors
Proceeds will be used for investment.—V. 163,
[Minneapolis.
A
was
with SEC—
March
1,327',323
*1.056.939
administrative
1729.
p.
Kcllett Aircraft
America,
1945
$1,893,70»
36 841
sales
Selling and
J62.575
20
and
1946 and 1945.
}
/•<
-J
1946
382,450
on
31,
$1,586,741
Sales, less returns and discounts
Renegotiated decrease in sales
686,897
150,472
amount
Dec.
registration statement (No. 6899) filed with the SEC Jan.
2*
covering 6,564 shares (par $100) 4% preferred and 174.625
share*
(par $10) common stock, was withdrawn March 20.—V.
165, p. 1591*
84,946
income
oper.
from
339,044
of, series
on
Kingan & Co., Inc.—Withdraws Registration Statement
From Jan. 1—•
Gross
653,087
face
tho
The
200,731
■
140,573
company
of
account*
account.
and
$355,640
598,793
amount
books
liability
Kinney Manufacturing Co.—Earnings—
1946
$280,005
301,658
"000,000
current
a
undeclared
amount
amounting to $691,236.—V.
1944
1947
$385,013
198,245
The
the
on
"Contingent Reserve"
to
deducting U. S. Treasury tax notes held amounting to
$189.in 1946 and $194,800 in 1945.
NOTE—Cumulative dividends on preferred stock are
811.
p.
777,804
of
$4,670,235
§After
and
420,147
Syndicate
566,666i
1,641,39*
297
included with current
from
Investors
566,666
J
tax
company Dec. , 31,
been
canceled
280,768,397 276,076,828
—
ry.
Minn.—Registers
244 70Gi
]
interest
eral
16,001,400
pat)!
Federal
has
6,400,471
stock
(par
Net
the
—.—
income and excess profits taxeat
therepn will result from an agreement reached with
tha
Department in 1946 concerning determination of
invested
capital and allowable deductions for the
years 1941 to 1944 inclusive.
Therefore, anticipating the assessment of these additional
taxes in ther
year 1947 -in an amount which
may approximate the balance of Gen¬
44,118
28,154,412
Net
of
4100
2,800,000
1,879,808
over
1945.
and
non-contributory
stock
February—
from railway
Net from railway-.
is
currently on foreign assignment as Divisional Vice-President
charge of all I. T. & T. properties in the Pacific territory, excluding
Australia and New Zealand, with headquarters at Shanghai, China,
director
iig
43
„—1800 000
Treasury
one
in
a
124,891
137 858
bonds, due 1959
bonds, due 1966
common
3 671
19^45
__
$5,935,549
"Excess
516,746
who
has been elected
$82,955
3 671
22;750
_
Total
in
"Exclusive of amount payable within one year
tissued
ana
outstanding 2,476,502
outstanding .engineer, in the field of communications, both here and
abroad, has served as a Vice-President of I. T. & T. since 1932 and
as
Vice-President and Chief Engineer since 1944.
James E. Fullam,
also
j
$4,670,23>
provision,
tlncluding, in 1946, landf»
buildings and equipment'at Hammond,
Ind., in process of construction
and after reserve for
depreciation of $2,297,465 in 1946 and
$2,141,842
Kansas Oklahoma & Gulf Ry.—Earnings-
Telegraph
a
19 810
68!364
amortization)
surplus
taxes
year
pfd.
Gross
elected
for
Earned
1,906,477
and
liabilities,
has been
for
Prior
1316.
Deakin
35!375
22]36T
73i911
28,673
1947—2 Mos.—1946
$2,327,261
331,842
&
43,576
preferred stock (par $100)
13,293 shs. preferred stock (110
par)
60,000 shs. class A stock (no
pai-)___
noncontributory
A
(no
2,303,950
accruals
mtge. 414 %
mtge. 3V4%
1st
2,299,425
44,118
series
488,43.*
2,632,339
14,845
expense
payable
tfeProvision
4,421,399
80,527,906
$899,669
International Telephone
Directors—
119',611
1,035,068
JGeneral contingent reserve
Unamortized bond premium
2,918,486
insuraiice
tCommon,,;stock
459,775
344,402
-
—,
p.
Gerald
2,931,560
convertible
,
854,621
29 4 030
f. paym'ts
s.
853.438
Surplus '
$1,145,853
oper,
Other
9,578,875
contingencies.
309,220
ry.
for fxd. chgs.
income
—V. 165,
1947—Month—1946
revenues.
from
1.238.251
11,28^802
7,106,118
1,626,085
Reserve -for
series
for
interest
690,033
profits taxes accrd..
and
fire
B
Accrued
11,688,184
366,960
;
cumulative
reserved
interest—™
payable
Dividends
620,873
1,663,336
Reserve'for
International Rys. of Central America—Earnings—
Net
493,73 1
1,008,924
expense
long-term debt payable
5%
(less
353,698
933,849
expenses
Accounts
145,625,237
1,158,709
528,999
and
5%
Railway
153,571,352
580,349
long-term debt
/'Accident 1 compensation
and
pension payable '——1
l
bonds
$104,41*
637.992
LIABILITIES—
383,495
3.
within
-
1945
j
383,945
———
i
and
148.955
excess
foreigi*
Total
2,746,897
383,945
(contra)
and
Funded
directed that deliveries of
cumulative $4 preferred
stock, up to and including April 17, 1947,
may be made either with temporary certificates or with permanent
certificates; that beginning April 18, 1947, only permanent certificates
shall be a delivery.—V.
165, p. 811.
"on April
1,775,135
ore
and
by
$540,841
receivable
Goodwill
subsidiary not
accrued
year...
International Paper Co.—Form of Certificate—
$1,641,39*
made
'
deposit
r
tax notes and
reserve
47,714,353
12,319,092
compensation
•
notes
on
bond
1,906,477
'
pensions -payable
1456.
p.
to
savings-bond subscriptions
withheld
Ford set
sales
on
1945.
1946
and
Prepaid
280,768,397' 276,076,828
accruals
t
$1,879,807
to
-
and
Unamortized
ore
insurance, etc
payrolls, 1.
a'rtd
taxes
1940
years
30,564,946
383,945
associated
dividend payable.
dividend payable
Employee
through
April
,
unmined
on
Federal income
proposed
a
14,682
79,758
$5,935,549
payable—trade
Accrued
motion in
a
,of
1,626,085
—
Common
International Hydro-Electric System—Interest—
A.
to
advances
...LIABILITIES—
Accounts
14,682
79,758
>
receivables
19,047,867
23,323,022
<
bond discount
..
taxes,
Preferred
Bartholomew
advances
and
royalty
war
Patents
(contra )_i
(net)
long-term receivsecurities, less reserves
and
in
Unamortized
sh.)_«
per
contracts,
apd(sundry
Prepaid
757,033
*19,484
Gross
withheld
receivable
consolidated,- at cost—.
Land, .plants,;mineral reserves, steamships, rolling stock,, etc.,' less amort., deprec. & deplet..
$2,359,185
($6
($6 per sh.)
in escrow
by trustee—
TLand, buildings, machinery and
equipment
Advance payments and other
24,954,555
14,952,960
..
$2,192,566
ry. oper. income—
From. Jan. 1—
Net
taxes
consolidated,'" at cost
Investments
Gross
and
Investments in
,
1,497,06(^
$1'974'2"
stock
construction cash held
$
37,097,311
securities, at cost
employees for savings bond
accounts
estate
pfd.
received for royalties
the
hand
on
Accounts
1945
45,189,035
and
ables,
.
days,
1193.
p.
Government
collected from
Notes
Ferry furnace, which has
operation
165,
S.
Cash
prior
??TVeS£
U. 8.
Treasury
DEC. 31
Inventories
Corp.
steel
194i80O
$238',77*
1,641,394
ASSETS—
Cash
Cash
BALANCE
1946
banks
U.
Detrola
Kentucky
193 fil*
195,623
BALANCE SHEET, DEC. 31
opera¬
$
last August acquired the Newport and
plants of the Andrews Steel Co. and the
latter's coal mine,
to supplement Detrola's manufacturing activities
in refrigeration, raido, aircraft and other fields, with plants in five
International
Wilders,
lot
170* 116
$2.91
sales
ASSETS—
pig iron," Mr. Feldmann said, " and thus assist in meeting its
steel-making and steel-fabricating commitments, both to customers
and to its own manufacturing divisions."
tons of
on
^Include $39,748
■
-
1 442-
$332,853
on preferred stock
licensees during
.
Detrola's
~
107425
Earned surplus at close of
year—_.—
discounts, returns, and adjustments
excluded),
tlncluding maintenance and repairs,
amortization of stripping, and
provision for furnace relinirig, rebuilding,
etc.
fAfter
deducting $4,000,000 transferred from reserve for con¬
tingencies. '
purchase
retiredly
bonds
4o>v
nc
_:
17 813
_
surplus at beginning
pi
^Dividends
3,262,463
1,998,212
share
common
(inter-company
corporation of the Wheeling Steel Corp's blast furnace
in Martins Ferry, Ohio. The price was not disclosed.
income)
DivMendTpTiTor~d"eclared""^
.
by this
property
premium
profit
Earned
2,886,204
4,736,195
2,476,502
stock
common
shares—
products shipped and gross
after provision for cash
tions,
(less
•
on
common
Earned
54,917
$705,45*
q-i qo*>
taxes
on
■
on
Dividends
to
$915,487
—34
Depreciation and amortization
Provision tor Federal income
598,000
...
amounts
13,78^
Cr4,925,000
10,854,084
Premium
960,000
—
taxes
expense
M2»
,
interest
Bond
4,769,999
4,560,000
taxes—
dividends
Per
2,068
60,407
profits
refundable
income
946,250
35,268
expense
1T049
$677,355-
6l',568
17 071
on
5,753,585
———
66,126
$833,420
other deducs-» etc-
TnSS Profit
Interest
bonds
2,041,264
910,000
eXPenSeS
Miscellaneous
Miscellaneou^ royalties
3,712,321
other
,
28,
869,288
16,485,732
&
adjustments
InSwst "arneed°ther lnCOme'
Cr85,614
65,973
discount and
Inventory
947,187
14,543,260
1,942,472
interest,
IxIrairSinarr^.ata
ex¬
accounts
Income, before income taxes,
Federal-income taxes—.
BANK
Pomeroy,
expenses
income
Other
K.
Coggeshall, Vice-President of Schoellkopf, Hutton
Inc., has been elected a director.—V. 165, p. 1729.
:
facilities
—....
Amortization
George
depletion
general
loToftoidfLw.—
202,645,953 241,820,011
$878,394
10,286,278
10,389,998
7,345
10,897,902
6,079,774
6,135,896
9,910,391
10,054,829
Incomer'before other charges, etc
Interest on funded and
long-term debt.
-
"L ■?'
oper¬
taxes
moving, changing, and
plant and equipment
Balance
Institutional Shares, Ltd.—Distribution—
The
and
emergency
income
administrative and
of
Other
award,
war
$
246,297,831 284,741,318
and
Pensions
$801,985
wage
of
ACCOUNT FOR CALENDAR
YEARS
1945
♦
$
...
other than
isting
"Deficit.
NOTE—1946 figures restated" to include retroactive
lated taxes, etc.—V. 165, p. 1316.
»
Feb.
1946
INCOME
•
strikes
Selling,
Cost
income
Total
•'
tManufacturing and producing costs
$196,140
oper.
ry
Subs.)—Earnings—
selling value
Amortization
Net
(&
„
*Net
2,711,601
income.
Equip. & jt. inc.
Corp.
Years Ended Dec. 31—
Railway
Railway
Steel
'
tt4w J:<f-
•
.ti&
aLsw-it
-
«'
■
"'i
•
r
K*
■
■!"* .■( ''.TjV '.-" ■"'s
-.t*-fi♦-■
-•
T.
.1
;
Total
—V.
"
-V'
>
160,
L——i—
p.
328.
•
.
$1,635,976
...
.,
•
...
.
$1,589,42®
:
HECOMMERCl'A£''&^FiNANClALCHRONieLB
T
(I&S)}
Loew's Inc.-^Places 2.85 ^
.
:
'Krofirtr
22-
Per. End. Mar.
.
.
" 58,111.504 '
gaIes
'
Increased 46.3%— „*
1947-4 Wts—1946
1947-12 Wks-196-
Go*—Current Sales
vThe
2,595, as
y».«**•-—^• 165, p. 1456.
•ended March 24, 1j47, was
perLa
mac
u>
116,703:609'
39,709,752 164,923,938
;
-...
ferred stock
on
April 30 its 3,158 shares
$50, and on Sept. 1
par
mortgage
.share and. dividends
awL
^The°?)n:ted
Cms Improvement Co., the holder.of all but four
of the common stock of Lebanon, will make a capital contribution
Lebanon of $349,210, which wil be credited on: Lebanon s "b<»kr
capital surplus. Lebanon will use the cash thus received, together with
treasury cash, to redeem the 6%
preferred stock and thejmnds. _
Lebanon also prposes to write, off,. pursuant rto
Pennsylvania Puhlic Utility Commission, $629,928 £f
justments by charging $80,806 to reserve for d^r^atl„°1n'1^ ^d
and replacements, $199,912 to earned surplus as ot
3i, 1W6, -he
$349,210 to capital surplus to be created as set forth above. , inc
premium to be paid on the redemption of the preferred^
bonds will; be charged to earned surplus since. J&n.A>A9n.rr-y. lieo,
p. 1456,
>. ■ /;,Z.
y':K
Z;.
"if*'.
The
celebrated a century of wool
Normal
'
-
6-j:n<the
sales
Net
Income
Net
—-
_
L
—_
——
Provision for
,
,
FOR CALENDAR YEARS
-CONSOLIDATED INCOME ACCOUNT
•.
Net
Cost
*.
Selling
sales-!———
and Admintitrative .expenses^--—-
Social
Security
.
Net
..
—-
dividends
•
—
,<
.
depreciation of $1)504,957),- $4,877,906;
furniture and fixtures
and utensils Rafter - reserve for depreciation tff $5,830 5801
improvements to leased property (after reserve for amorl
tizatioir of $2,564,9261* $3,124,998;-prepaid' insurance/ taxes
store
supplies, etc., $1,-120,943; -total,- $35^871,837.
$2,741,396;
..
LIABILITIES—r-Accounts- payable. $2,902,931; accrued
expenses, taxes
rents, salaries, officers' and employees' bonus, etc., $2,932,747- mort'
instalments payable, $6,4O0; reserve-for Federal taxes on income
(after U. S. Treasury notes, series C, of $3,500,000), $968,507; mort¬
gage payable, .i$71,593'r 3Va-%:
cumulative Convertible" preferred stock
v
-gage
'
11945
•.•1944.
f
$3,128,685
.$3,151,524
.12,107
*770,738
*344,836
6,510,616
6,499,305
6,437,615
27,568
721,516
1,026,544
*1,574,285
*660,517
*13,622
'
«mnv-
<inni>
378,97j(
560,961
tR (ton Onn<
railway..^..
income
oper.
ry.
;
i
Loss
^782,453
*173,004
*
State
-capital assefs_f.-A---v----»-----tax and surtax test.
profits tax~-_.
-v.
Net
$1,223,678
I.
Other
income
Straus,
115,000
74,050
of
In
.
,
.
Main
Street.
under
It
is
times
various
at
129,557
lease,
expected
in
Equip,
$287,582
76,279
rents (netDr)
7,178
rents
fac.
Joint
income
(net £)r)__
oper.
$568,407
57,083
109,622
13,683
>
.14,416.
6,849
the-store will .be enlarged
all
This
the
makes
others
the
sixth
in
York,
New
Net
—V.
ry.
$204,125
income.
1317.
oper.
165,
p.
*
•••,•,
..
-
$195,474
-
income..
—:——a
...
.
-
—
-
'
•
— -
-
-
■
-
Period End. Feb. 28—
.
Operating
Operating
Electric output of this company for tlie week ended March 29, 1947,
totaled 32,736,000 kwh., as compared with 25,920,000 kwh. ior the
corresponding week last year, an increase of 26.3%. Output for the 52
weeks enaed-March 29,"1947, rotaled 1,557,415,000 kwh., as compared
with
1„375,436.000 kwh. for the previous 52 weeks, an increase - of
13.2%.—V. 165, p. 1730.
..
/ ,^-}
Net
-
stockholders
The
inorea.se in
the
March
on
authorized
26
elected
$1,825,887
$3,853,922
$3,691,914
1,444,724
1,327,826
2,995,506
2,755,215
revenues^--
"$457,210
$498,061
199,469
/
80,898
$858,418
oper.
•
Takes-.
206,065'
41,982 '
>31,343
Eqiiip. rents (pet Dis¬
joint fac.' rents (Dr)
-
..
'
..
.
-
•
.
>
:
an
Net
:
incojnei.
ry.^oper;
■
195,000.
paid
I;
-$133,706
dividends'paid_77_i7-.__;—_.—„i_r^.:,
,147,150"
.Earnings per common share.
—.
$4.804
10,079
Gross - income
$187,899Cwin.; Captain Garland Fultcm. Bala-Cynwyd, Pa.;;L- H. P.U. Rentals
interest
.etc
103,075/
Klotz, Dallas, Tekae; Jbfenv
paee:
Robert' Perret, New >
•
York, N. Y.,' and William C. Seurry, -Dallas,-Texas;T
-v""
Net ineometi—-> $83,925' :
The company's certificate-of incorporation was amended to permit^
--V. 465,*jpukl-31-T/-. -—
the authorized capita.l to be increased from 1.000,000 shares to 1,500,^ "
147,150
-
BALANCE SHEET,
(trade),
sions
Total
roll
$120,184;
reserved for Federal
$113,231
Federal
DEC. 31, 1946
accounts
Net
for Federal and State
reserved
taxes,
taxes—
Earnings
February—*;
Gross from railway
Net
from
Net
ry.
.1947
.
-
$288,769
railway
oper.
.,..
Other
Accounts
Interest
27,537
>
Prepaid
Other
Net
from
from
Net ry.
railway—;
1945
$298,596
$296,592
:-116,374
120,545
29,395
26,903
-
566.153
oper.
income
416,438
539,144
581,436
193.250"
"
railway
131,136
187,994
45,177
46,189
;
>
Z February—
Gross
Net
from
from
Net ry.
.
.Z
railway
pper.
Gross
Net
from
from
Net ry.
—v.
Income—
$417,337
; $561,371
150,276
66,067
211,303
13,716
86,019
49,820
124,528
Profit
877,656
936,345
822,109
railway——
163.355
264.308
125,700
income—
100,479
163,284
89,456
p.
1193.
.
r"
,1,045.283
366.330
!_
215,216
4"l4~,530
.
Z
,
-57,619 »'>
* 1,894 -
stock
—
^
-_T
96,850
r
^
'cnrt'nnn
246,735
14,896
6,208,779
08,069
2,025,764
1,026,482
bonds,
AT DEC. 31,
1
2%%
1946
Outstanding
Authorized
.
.
*Unlimited
*
—-
tl50,000 shs.
$2,178,000
150,000 shs.
owned by Consolidated for a number ^ol
necessity for, and the company has not establisne
has. been
been
no
any
were
paid pn the
$83,727 in
1944
an
to
all-time peak of $84,509,508 for
1946.
make
but
expansion.
little
This
possib.e for the company to
progress
with
curtailment
amounted
accumulate
al?l &°vernment, securities wh-ch will enable the
with
its
own
funds
on
-
^
soon
as
its
reserve
funds
permit."
of
,
-
"fltlfi
and
cash
.
.
.
the name of Gould
Electric Co., Inc.,J'1
?
"jne »
df ^
qev
s
are
.
:
'
generating plant
The subsidiary is
as,
which
a
are
single ' inter-connected
necessary
Tinker, plant
HistrihllHon
distribution
owned
The
Electrical Power Co.,
hydro-electric
a
operated"
subsidiary's
j^remodeling
•
& New Brunswick
operates
reservoirs
has
company.'toiproceed
$7,500,000 ..construction,^aud
conditions
Maine
^are
of
program
of. construction
1917, under
Ltd. (subsidiary) o
located in.v.New btu
wick
(the Tinker plant).
primarily a g«n"a Ze
company selling to the company
at the international boundairy
major portion of the power it generates, and disrtibuting the oa
in
the Province of New Brunswick,
and is the company s prin p
source
of
power
fbr its Northern District.
The properties ox
subsidiary and the Northern District of the company constitu^te, »
of
and
April 7,
an
and
194™
the-capital stocK.
company's Northern District), and in Piscataquis County? in
central
section of Maine
(its Southern District).
In both
districts, the company owns and operates small hydro-electric
ments as well as transmission and distribution lines.
■
$22,141,294 $22,269,210
ended Dec. ol
as
•
corporate title having been adopted Aug. 31, 1929.
Comp
operating utility and holding company, engaged in thp JJurcn
and sale of electricity; principally at retail, in Aroostook and Pcno^d
Counties in northeastern Maine adjacent to the Canadian'border (
-
program
-
present
is
96,100
2,025,764
1,274,272
ZZZZ
Z
—
Maine
31,212
This compares with $71,282,195 in
1945,
$13,227,314, or 18.6%. Net profit before taxes amounted
$10 537,775, against $8,282,254 for the
year
In reviewing the year's
activities, - R. F. Coppedge, Chairman, sa'd:
Due to the scarcity of labor and of
building materials the company
it
trust
-
29,057
6,324,746
ZZZZZI
Sales of (he corporation reached
made
Registrar:
estaWish regular quarterly dividend dates commencing July 1>
j
ORGANIZATION AND BUSINESS—Company was (incorporated m
-
3O,760
depreciation___T.
able
-
1
of the company, after, the sale by Consolidated of
1
197 715
80^[370
credits
loss——
6
f
^
been
!' CAPITALIZATION
maintained,
aggregated
$4,095)000
5f7R*521
IIZIII"
ZZZZZ!
165, p.. 339.
has
s
V'*,/
•
to-the ' terina of the indenture dated as! of Get. 1, l945*
have duly adopted an- amendment increasing tnt
capital stock from 150,000 shares (par $10)
to 200,uuu
-dividends
73,057
.1:*'
,
casualiy reserve..—___
invested in plant
year
received
regular .dividend policy .for the -past-years.
capital stock in 194r3; such divioena
and
$136,060 in
1945.
The directors
.declared -and paid dividends totaling $1.12 y2 per share for the
three quarters of 1946 and 47 Va cents per share for the last 0ua"
-cf 1946, .so that dividends on the capital stock, for the four quarte •
of 1948 amounted-, to $1.60 per share.
'
—!On March 14, 1947 the directors declared a dividend of 40 cents P
.share payable April. 1.for the first quarter of 1947. It is the_ mtei? t
or
>24;047
$4,095,000.
6,149,731
1,300,000
and
increase
offered are to be
now
(par-$10>.ZZZ?Z1.
all of the capital -stock (except directors' quaH-
there has
McCrory Stores Corp.—Annual Report—
to
capital stock
the
1975—:.—
fying shares)
316,453
-1,414
337,459
>
$22,141,294 $22,269,210
"Total
—V.
.!
-
a
accrued
and
A
Bosto.i
.
„
unadjusted
Surolus
v
.
98,353
;
—-
modernization
,
railway
oper.
165,
$494,102
•
363,990
•
liability
Insurance
an
Z 1944
;
11,613
$346,240
railway
From Jan. 1—
1945
reserve)—
payable
for
share.
a
received from The First
DIVIDENDS—Since
•
funds—
capital
on
,v..<
stockhloders
"shares'
492,777
IZIIIII.
__~_ZZZZZ
-J~~ ~Z
debits_^_„_^Z_I_Z_ZZ
other
of
coll.
due
authorized
1,013,374 i
1,225,767:
&
*Stibjecfc
t
1945
—
;—
Reserve
the
-Earnings—
1946
1947
(less
,i
bid of: $20.28
a
Capital stock ($10 par)
$4.84
^
—_IIZ~"
Notes, payable
'
""
and
Accounts
349,325
t.The
■
.
■52,771
Lehigh & New England RR.
accounts
Premium
-
353,861 ■
$6.52'
mtge.
series
•
;
supplies,
Total
_
-1
and
Insurance
230,899
69,204
—V. 165. p. 1317.
819,000
$19,979,141 $19,913,779
unadjusted
Other
1944
From Jan. 1—
Gross
819,000
.
;
receivable
was
.
1946
receivable
on
Agent:
•//■>
-1st
SHEET, DEC. 31
investments
31
share
a
Guaranty Trust Co.;of New York.
$1,142,113
~~~~
—_~IZ
—;
per' share___
Cash 'tiH—--v.-
$271,-
March
-
investment
Interest
73,352-
37,557
-
4
't'i&i/ZCentral Hanover> Bank and Trust Co.
Co.
Transfer
»,
677)000
$1,422,327
BALANCE
-Earnings—
1946
$215,912
104.610
income
$178,958
•
629,260
557,000
^
ASSETSPlant
to
Lehigh ;&• Hudson River Ry.
;/$14»,995'
"
:
Depreciation
Tax
,
$458/684
*279,'<25
-.
■
•
proceeds
Service
2,728,516
490,687
685,482'
~
LIABILITIES—
Capital stock
:
i_
I
1
income
NOTE-^Unaer date of Nov. 29, 1946,- the company deposited- irrevo¬
cably with a redemption agent, the sum of $315,356, representing the
redemption price of its then outstanding-3)025 shares of 7% cumulative
preferred stock which had been called for redemption on Jan. 22, 1947.—V. 165, p. 1456.
>
amounting
209,1*0
-by Consolidated Electric & Gas Co., parent;-and;not by Maine Pub.ic
Service Co.'
Upon the sale of the shares now offered, Consolidated
Electric & Gas Co. will have no further stock interest in Maine Public
1
Dividend
(alter deducting United States
taxes
income
income
'
464,758
Taxes, other than Federal incbme__'__"___^_
Materials
notes
:
...
The
•
1,484,422
.Dr5,918
2,632,663
•-
t
Z*.~~JZ.
Corp.
$5,667)570
$5,762,230
■","
expenses
awarded
was
competing bid of $18,889
$4,189,072
>
issue
The
1945
$4,185,485
1,535,474
41,271
^
income___/_.
income
$2,020,000), $314,252) reserve for
inventories and contingencies, $1,000,0003.85%
cumulative preferred
stock
(par $100), $3,000,000; eoramon
stock ($3 par), $2,452,500;capital surplus (arising through acquisition .of capital stock of: Charles,
P. Cochrane Co. in 1927 and since unchanged), $106,575; earned surplus, $11,363,844"; total,.$20,023,709.- > --^■ ■ «• -A
Treasury, tpx
~
non-operating
Maintenance
miscellaneous
deductions,
495;
1946
electricity.
gas___"
Operating
payable
(banks), $200,000; accounts payable,
dividend payable, $28,875; accrued wages, commis¬
current liabilities, $435,379; employees' pay¬
$725,605;
and
of
of
Miscellaneous
LIABILITIES—Notes
j
$340,777
,
$390,185
.
ital stock ($10 par) at $22 per share,
Calendar Years—
Sales
receivable (after reserves for
doubtful accounts and for discounts of $313,678), $1,844,262; inven¬
tories, -$8.26o.i4a; claims receivable—Federal and State Governments
(net), $63,179;, investments (at cost), $10,997; land, buildings, plant
and equipment (after reserves for depreciation of $6,457,125), $5,918,804; deterred charges, $88,827; past service retirement plan—deposits
with trustee (unabsorbed), $305,245; patent's, $1'{ total, $20,023,709.
$3,528,446;
-,
22,566.7—.117,907
stock of 50 cents par value per share,
1730,
Sales
.$0.97
Co., Inc.,
or -eight months ended Aug. 31,1946,' and of James* Lees & -Sons: Co.
for four months peiiod Sept. 1;. 1946, to Dec. 31, 1946 i Lees-Cochrane
Co., Inc., was dissolved and liquidated into its. parent company, James
Lees & Sins Co., as of Aug. 31, 1946).
tConsolidated operations of
James Lees & Sons; Co, and Lees-Cochrane Co., Inc.. tPaid or accrued-
ASSETS—Cash,
..
.
$247,107
131,8-76
.
A S' ,imerc~!
^iia«v Teiiei
Lynn (Mass.) Gas & Electric Co.—Annual Report-
100,793.
v
.
t
$336,619
56,850
.
laxf®uTh5s pJan has been ^ operation since April, i9i8.^-v.. 165;Rini associates: on April"2 offered: 150^000 shares of cap¬
.62,256
♦Consolidated., operationtf-ef-'company mnd--Lees-Cochrane
7*:!
62,803
..
,.The quorum present elected the following directors-foi; 1947/i,James
Cunningham, Garland, Texas;-Commander J. D. P; Hoddap, utratr
<
>168,813
>61,659
27,437
364,306
100,296
$190,257
$177,820
•
Other; income
-
ford,
Ar
$936,699
359)842
;
^
-
directors, and voted'
seven
stock.;>
capital
etc.—
^1947—2 Mos—1946
$1,901,934
—
Luscombe Airplane Corp.—Stock Increased,
1947—Month-^1946
.
revenues—:...
expenses——
-
499,252.
eommon:
,
Toledo and
'9,079
•
dividends
Preferred
organization,
Maine Central RR.—Earnings for February—
,
Output—
.
.*$4,039,712 v • t$909,771
—
Macy
Atlanta,
$350,137
$408,075
Louisville Gas & Electric Co. (Ky.)—Weekly
p.
t •v Net.
the
Newark,
514,520
<est.)_,..,__-L__"^.w_--_-—_
taxes
income
after negotiations which
unit in
San Francisco.—Vi 165, p. 540.
•
,
...
in Kansas City.
major [retail
being located
:
%
consummated
were
include
0
part of the additional properties
or
v
r
originated through Moseley & Co.
$473,441
145,916
$259,406
~
that
the future
v'
The several transactions
Railway
Jr,
Taylor Dfy Goods' Co., Kansas City, Mo'., on
acquisition hy the M&cy concern of the entire
the:'Taylor company for cash.
/
the
tiated
136,000
-
232,000
151,054
stock
df. this corporation,, and John Taylor
President
John
announced
addition, it was announced that the Taylor company has nego¬
long-term leases for the property presently' occupied by the
store , and the vacant-property adjacent to it on Baltimore Street as
.well. as.. the buildings cn lis additional feet adjacent to the store on
-.
$738,998
$951,461
$406,135
84,000
62,729
-
accruals-
tax
ry,
»$476,632
taxes
capital
1947—2 Mos.—1946
$2,472,027 •' $2,125,566
1,520,566
1,386,568
$1,063,820
657,685
747,046
from ry. oper.
rev.
Federal
117,252'
2,500,000:
income
excess
ft
(R. H.) Mac)r & Co.r, Ipc.-^-Acquisition in Kansas City
<
President rot the
1947—Month—1946
-
-
>■: 000 shares of common
sale of
on
Fed. hbrmal
-v.
6,273,531
:
1317.-;
Railway, oper. revenuesRailway oper. expenses--
-paid
% Federal
di'fsian**.
ot«Alr
.nnmmnn
*100/422
;/"•^33,954'
Louisiana & Arkansas Ry.—Earnings-
$6,740/859 • $2,012,624;
Ifitertaz
$1.90
BALANCE SHEET, DEC. 31, 1946 "4 ''
./
1
■
300,000
990,253
$2.03
equipment
'
$3,163,738
347,307
railway—
Period End. Feb. 28—
.
$2,002/345'
7 10.279
.28,947
■■■'
Other incmne
'225,000
994,857
.for
March 28
744,697.
' $6,711,912
'■./H Operating profit
$2,182,804
•
■
$5.55-
-
P.
*<■
$2,372,254
205,147
•
tlnchidinj- occupancy sad general administrative expense.
Jack
939,105,
,, ,
from
*Deficit.—V. 165, p;
18,722,074
.1,124,356 160,843-
$8,182,804
4,792,500
1-207,500
From Jan. 1—
$3,803,399
,1,549,036
expenses
General
'
r*1946
$3,241,493
railway-.-—
oper. income__^
Net:from
-
21,798,345
-
r-*
v'
,
;
1947
•
•
from
Gross
at
$9,546,147
goods Suld
pf
"A Gross profit on
Earnings—•
from r.ailwayj.^.^-
Net -ry-.
$31,344,492 $22,525,473
—
860,000
,
4,000,000
ASSETS—Cash on hand, in banks and in transit, $9,316 662u 3
Govt, obligations, at par, $6,315,600; merchandise inventories $8 270
.716; miscell. accounts receivable^ less reserve, $101,090; miscdl notpil
and accounts receivable, less-reserve, $2,527;' real estate
(after reservp
x
$0^8
1.-—
'
February—
Gross
.1945
1946.
,
.
,'V
Not. sales
surtax—
'
.
v
,
•
'—-T—
165, p. 939/
Long Island RR.-
.
*
•
and
67,813
$3,282,254
4,950,000
profit -—-.1.—.1—'$6,537,776
•"
$391,463
%,
Net'1 profit...
—V.
spinning and dyeing of carpet yarns—this was
i\eaiing' completion" at the end of 1946.
It should be in partial produc¬
tion by the spring of 1947 and reach full production by fall.
When
full production is reached, the company's carpet yarn capacity will not
only permit the full operation of our present carpet weaving machinery,
but will also provide yarn for the new broadlooms which the company
has on order, as well as a substantial increase in carpet yarn sales,
This shbuld make possible by the end of the year an increase of ap¬
proximately one-third in the volume of the company's combined carpet
and.carpet yarn business.
v..
taxes
Earnings per.common' share—— "
.
Earned per common share-,
for the
Va.,
.*
2,280,456
$6,055,435
858,763
" 150,000
:317,30ff
—
__
Provision for contingencies
textile •manu-
broken for the new plant
latter part of 1915, ground was
Glasgow,
;
,
income
Preferred
(&.Subs.)-r-EamingSr.
Net
.quarter of the; year, the common stockholders :Of the
through a group of underwriters headed by Morgan Stanley
.& Co., oi New xork City, adopted and put into effect a plan- to publicly
distribute approximately 25%
of their respective holdings of common
stock, to- retire the 14,399 shares of 7%
cumulative preferred stock,
outstanding and to; issue 30,000. shares Of 3.85% cumulative^preferred
shares, thereby increasing the capital of the company by $1,560,000.
Early this year, the company applied to the New York Stock; Exchange
for a listing of both classes-of its capital stock, and the stocks were
officially -listed and traded on-the Exchange beginning Jan. 31, 1947.
-In 1946, the, net sales of $31,344,492: represented an ^increase of.
39.15%- over r 1945.,
These sales produced a net income before income
taxes of $6,734,712 and, after providing for estimated income taxes, a
net income of $4,039,712; which w.as equivalent to $4.80 per share of
common stock outstanding aiter allowance for dividends on the 30,000
5.85% cumulative preferred shares.presently outstanding. , Carpet and
rug and carpet- yarn net sales to the trade amounted to $22,881,590,
or
approximately 73% of the annual business.
Worsted knitting and
hand-knitting yarn „ sales . amounted to $8,462,902, or approximately
27%.
Current assets as of Dec. 31, 1946, were $13,636,655 against;
current liabilities of $2,095,789, representing a ratio of approximately
1
712,484
90,729
'
for
Profit-before^ Federal- taxes~i_i--$10^37,776
Excess, profits, .taxes.;-.:- 7
; ;
EARNINGS FOR -QUARTER -ENDED JAN. 31, 1?47 r~
.
company,
"
leacquired
retirement
VDurtog the last
•
bonds
on
recently
company
Logansport Distilling Co., Inc.
J
Co.—Annual Report—Joseph L.
March I9> - Said' iti part:i;.'- •
During .1946 the company-,
$8,986,017
667,275
82,633
Premium
(James) Lees & Sons
Rstwick",TresidenjE, on
31,lie
$9,099,979
interest
,
"
;■■■*: •*
$8,954,901
•
*
stock and
'
56,522
.
$11,188,926
7,: 651,150
Depreciation I and .amortization
York;
$9,042,429
;
57,550
„
operations
$71%*
62&SS
62,369,535
62,239,765
$10,865,738
—;
from
Profit
called for redemption on March 31, 1947,
all of its outstanding 7% preferred stock at 115 and accrued dividends.
It is understood no refinancing is contemplated.—V.
156, p. 2225.
^lRy PrSewa1s"
'
31
■
1945'
$717282; 19 3
73,643,771
Miscellaneous income-.
of
New
(Marcus) Loew's Theatres,Ltd.—Calls Stock—
1
-
„
of
Co.
of 6 U p
its $300,000 of 5% fjpt
wid be redeemed at. $55..per
bonds. The stock
Gross profit
•;
Metropolitan Life Insurance Co.; Mutual Life Insurance
John Hancock Mutual Life Insurance Co.; Massaonuserts Mutual Life Ins. Co.; Sun Life Assurance Co. of Canada; The
New England Mutual Life Insurance Co.; Penn Mutual Life Insurance
Co., and Continental Assurance Co., the same companies which pres¬
ently hold Loew's outstanding debentures. The proceeds of the financ¬
ing will increase the working capital and will be available for general
corporate purposes.-—V.-165, p.-1592.
:
; ;
Co.~~Redemptions Approved—v ;
Exchange Commission has cleared the P'6P°®aV
YEARS ENDED DEC'
—$84,509,509
r.exps.
fCost of goods sold and oper.
<
Lebanon Valley Gas
■; The Securities and
of this company to redeem
Sales
April 1, has just completed $15,000,000 of long-term
financing consisting of $6,000,000 for eight years with
interest at 2%.from the First National Bank of Boston,
and $9,000,000 of 2,85% debentures, due July 15, 1965.
The debentures were purchased by a group of insurance companies
consisting
^
STATEMENT,
1947
ir-C,.
announced
on
'
operation..during^the
JJf®®]f®.
against 2,711 in the corresponding
pi' stores in
number
average
INCOME
.Debentures privately—Also
Bank—The corporation, it was
Borrows from
Monday, April 7,
-
and
company
Mnoe
lines
and
y\ onforl
connected
operated
and the
by
for
the
the: major
the
system,
therewith
the • s
oro
company.
subsidiary have
as
effioient operation oi
of the transmi
IflP.atfid 1XX
are located
in
portion
no
•
intent'on of cZ
general character of the "business in which they are
.
t]10
°ianeci
presently eng
Number-4583
Volume 165-
•
-
.
THE COMMERCIAL & FINANCIAL
CHRONICLE
res^eSfv^umb^oTInareTui^wSn13 by Sh TvTlTioiio^ the
■■!!!!!
'
Shares
r
Merrill Lynch, Pierce. Fen■
&
ner
Beane
.
•/-
Reynolds
25,100
_______
.
Hayden,
White
'
&
Co
Weld
&
~~
Dabnev
Tyson
~~
'
'
lvr-inhaffair Knnri Fund
Tn«
M^nnaitin iSOntt ^ulltt, Inc.
'
directors
The
March
on
27
share, both
per-
-j
payable April
15
to stockholders
is, last.
'
of
"
-
-
record
•
April
'
the first three-quarters of last
year, an
In eaca of
j
an
ordinary distribution (No
extraordinary distribution of 4 cents
an
were paid on Jan.
Lirce amounts
rv;
Extra Dividend—
165,
extraordinary distribution
' '
of
29
cents
were
Z
Matehajt Il«ld-A* Co.—Annual Report—Hughston
sales
Net
•
(excluding -rental' income)
reached
M.
•
t.
an-all-time
high
baianred
with
nroiit .per
pi 0111 oer
Npf
Net
quirqments,
of
reserve.
share
in
I94fi
$5.€^
compared
;
^
■-
Dividends paid per common share in 1946
the
$1.10
in
upon
were
'
Because of the
unusually heavy demands
to finance increases in inventories and receivables and
improvements, it was necessary to retain in the
business a
large part of current earnings. 2
;
harnedi
surplus
increased "during the
year
from
$11 900 000
to
$15,000,000. Dividends declared in 1946 totaled
resented
transfer
the
$6,371,60l',
and
against
of
were
it
"
sales
1946
increase; earnings
1945
in
sion
changed
division
Net
of
1945.
to
in
the
Field
&
year.
slightly
lower
not
Mills
as
a
somewhat
were
approximately 12%
higher than in the
pre-
ACCOUNT
FOR CALENDAR
to
1945
$
$
161,893,962
174!l89
971
141 355 620
22 670 106
20 538 342
oper.:
customers
expenses
_
Ealance
__
Earnings from real- estate
•
-
•
-
-
_
operations"!
!
'
ii
charges
value
atst-
for
of
l'208
'
_
funded
on
22,670,106
debt
,
shares of $6
790
*l,23o!l90
^
nrnfif
shares
8,614,640
15,306,849
and
2,506,817
non
the
on
to
i5
^
i
'—
declared
pe^ common share__,__
nlv"
«.•
J
Unclades depreciation • •and
x-
5,734,101
$5.61
i..
amortization
ooo'ci^
o
—
<
tAbove- provisions
[before deducting
aad
for
r
,
of__
2,332 516
$2.35
,,,
§2,345,048
Dearborn
has
been determined
the sale of the Merchandise Mart in 1945
on
filed
applications
vniCPfS provisions
protits taxes for the,
shares
old
of
prior
offer
the
outcome
of
the
for
the
reduction
1941 through
years
applications
time.
almost
depreciation
provisions
entirely to the sale
cannot
less
are
in
be
determined
than
1946
qRppT
nFr
*S ®overflmen^ securities (at cost)
■°m ^stpmers & others (less res.)
inventories, priced at the lower of
? „mai
-—
invent0.r:es> etc
ccluiPment. etc.—
*1-niH
Total
j
r
.
+SG
'
Ctoodw.ll, trademarks,
g^'
i
etc.—,
in
preferred
lien
prior
lien
and
Wyatt,
r taptt
wtp!"
'
wZ>r
<2,
tio
tComnSrrf
EarA'pr) d-
in
stock
and
on
Us
t
&
Co;__^_;^aL'—1—,
Waggoner—
759*
569
379
-2,384
:
5,722
f
477
833
949
-
954
„
4,000 ^
949
2,278
190
*
.
1,193
-
167
-
_
1730.
665
-
474
'
-238
"95
--
163,
RR.—Earnings—
3288.
p.
'
ry,
Net
Net
1945
1944
$148,253
$117,731
$128,643
$131,853
57,531
36,840
49,926
income—
30,577
18,704
26,441
railway
railway.——
302,932
income—_
57,192
oper.
165,
57,873
27,423
:
-
from
ry.
;
•
1946
oper.
from
—V.
•
1947
From Jan. 1—
Gross
''
*.
railway—_i
railway
from
Net
253,983
271,687
294,225
84,647
105,596
133,187
35,327
121,845
45,360
53,704
1
.
1317.
p.
;
.
stock
NOTE—-For
possible
to
mechanical
However, they
position as possible.
in
always
are
is
it
reasons
companies
arrange
order.
as
at wave
not
exact
alphabetical
alphabetical
near
from
Milwaukee
'deposited
stock
for
1
170R17
t;R4 Rifi 624
or
GIVING
more
business
3,493,183
4,208,839
15,000,000
16,818,815
9,207.179
9.207,179
15,041,611
11,864,563
——
EFFECT
TO
qdsiat tPpni^pntp^6^1^43 7Fi$ shares°of
Db JiS' tRepresented by 1,943,763 shares of no
by
the
Securities
and
Exchange
$1,050,000 of its
Co.
..
Minneapolis &
ex-
St.
February—
*
from railway
from railway
Louis
Net
ry.
1945
-
$1,182,342
180,717
294.C57
.
118,788
1944-
.
$1,164,031
333,501
income—
oper.
1946
$1,342,493
Net
...
Ry.—Earnings-
1947
Gross
29,716
,
From Jan. 1—
Gross
$1,207,294
;
303,238
.
138,076
63,178
<
from
Net
ry.
PRESENT
FINANCING
May
■
($100
and
lower
of
-Outstanding
•
,
at
the
Three
last
$300,000
par)
587 944
689,958
income—
246,179
93,551
270,353
257,044
stockholders
1,
of
20,612 slis.
Southern
Division.
of
1in„nnc,
The
of
$2,128,964
the sale of
sale
65.9%
electric
of
manufactured
cf
gas.
At
it
sold.
The
remainder
of
the
electric
additional
shares
stock received
old
year.—V.
165,
Gross
Northern
its
total
energy,
Deb.
31,
energy
Division
share, payable
distribution was
per
similar
;
share
each
in
cash
1947
held
distributed on
1946,*iwhich tvas/equiva-.
on
;
.
.
-
.
V M ^
rw.-*
March->15 and. June
15,
The
oper.
RR.—Earnings
1945
-
*
*7,762
"346,806
3,509,177
3,296,844
59,845
*65,763
*308,333
income—
165, p.
*365,539
$2,197,71-7
524,532
*4,527
4,049,624
-
'
-
364,592
•
:—
v
4,506,229
56,339
>
1944"
-
$1,519,295
'"216,676
.
1,133,246.
*50,453
809,761
1318.
Mississippi Central RR.—Earnings'
1947
1946
1945
$154,912
$123,812
$164,945
48,319
25,749
57,281
65,839
21,313
6,562
25,471
28,561
3 944
"
$184,599
From Jan. 1—
Gross-from
Net
from
Net
ry.
—V.
oper.
165,
300,506
railway.^—
railway——.-_
242,776
325,091
'
81,969
income.—
'
■■
<44,621
25,699
4,638
*
343,724
112.398
""•'"
118,06 4
50,973'
V
*
52,428
1318.
p.
Missouri-Kansas-Texas RR. —Earnings—
February—•
1947
Gross -from railway..,.—
$4,915,620
Net from railway-ai,
4.088,638
Net ry. oper. income—
414,546
sold
gas
ry.
1946
$1,585,568
*253,850
-
FebruaryGross from railway
Net from railway_a
Net ry. oper. income—
terri-
1943
1945
1944.
$4,638,694
$6,856,129
$5,870,960
ri,428,887.
-2,245,,479
1,785,220
668,787
.
.703,431.
t
,
632,613
From Jan. 1—
ioo,500.
from
from
Net
UNDERWRITERS
ry.
—V.
A—The
each
$1,885,710
*46,103
railway
railway
♦Deficit.—V.
1946,, the
and
from
Net
operating
and about
purchased from non-affiliated vendors.
Series
for
$1
from
Net
Gross
of
cents
A
15.
1318.
p.
Gross
)jy the company has a population estimated by the company
Eonds
April
'
February—r
from railway
Net from railway—
Net ry. oper. income—_
l_0,000shs.
by it.
about
dividend of 25
Minneapolis St. Paul & Sault Ste. Marie
14,000 shs.
-
Michigan.
derived
from the
a
record
last.
300,000
n,a.m
company
company was
^^
2,492,723
382,059
March
oh
The
n
Company lias no present
major change in the general character of the
any
conducted
now
Sf.rvCQ
(1)
2,434,464
641,748
15, 1946 to stockholders of record Now'4,
lent to a four-for-one stock
split-up.
supplied electric service at retail to 17,372 customers in 35
cities, villages and unincorporated communities ana in adjacent rural
areas and, at wholesale, to the
Village of Paw Paw. At the same date,
the company supplied manufactured gas at retail to
16,597, customers
jn 13 clties, villages and unincorporated communities and in adjacent
rural areas.
In 1946, the company generated in its own
plants 18.5%
0f its total electric energy requirements and manufactured 66.1%
of
jjy
tory
2,380,552
Nov.
■
$3,oQQ,00p
.yr,,
■
.
dated
24.,400shs.
peninsula
making
from
gas
2,714,731
oper.
to
1
made
A
-f
r
railway
railway—
25-Ce.nt Dividend—
company
.
from
Net
of the several underwriters
of series A and the prin,ipai amount of such -bonds
—rdi*agreed to be purchased by them respectively are as follows:
Harris, Hall & Co. (Inc.)
—,.$1,1-70,000
no
Co.—Reduces
mortgage
Power
seven-
$1P)
$94,170,817 $84,836,624
1
Transport
1947, a total of
4%
bonds owned by its parent,
Wisconsin Electric
Following the redemption, Milwaukee Electric w'.ll have
$4,000,000 of first mortgage bonds
outstanding, all owned by its
parent.—V. 165, p. 1317.
first
provide that additional bonds of series A, or bonds
other series, may be issued from timo to time under
subject to the restrictions thereof, as directors may
194-'.
In
34.1%
6,000,000
&
>
From Jan. 1—
the
°f
revenues
$7,025,825
11,030. /43
6,187,477
16,818,815
stock
(par
Division
intention
'
$9,081,555
10,999,881
6,792,537
Ry.
The company has been authorized
Commission to redeem on April 15,
who desire
stock
Electric
Debt—
is iocated in three counties in the upper peninsula of Michigan, and
the Southern Division is located in seven counties in the southwest
1
—
r|l9r409 563*
nf'i
667
1,667
railway-—
railway-—--
9,890,231
9,783,011
14,074,001
12.122.625
2,008,792
2,915,398
4,530.529
3,805,378
income—
666,605
1,352,820
1,364,164
1,415,937
oper.
165, p. 1593.
names
Missouri Pacific
RR.—Earnings—
.
__. 1
^
...
'Acceptance Corp. of Calif.—Files with SEC
Mar.
0%^M6'9fl°v4ft-^ear
■
filed
letter
a
corporate: purposes.—V.
165,
'
®
i«„0
[llalsev
land KiddXa:
<5+
'
t»"
*
©J
SEC
p.
212;
V.
164,
1634.
p.
"
Offered—
...
...
.
awardsd
March
31
at
100.519.
vOther
ll"
•
U-;i
award of 14,000 shares
pr^erred StoekZwent to a group led by .Otis & Co.
^lnning l)jd named a price Of 101 for a 4.40% divii
otis
ji'.jpfw
tjr
-h>
-v
1
l" '
v
*r
Company
r__
Stock—The
—
of
names
,
several
the
1,165,000
underwriters1
Net
of
&
«
43,93
Co
&
.
Co
—
Clavton Securities Corp.——
1.43
Detmer
&
Co
sen,
Securities
Writer
&
Co.____
Christen-
inc.
:f '
Stroud
i_
' 1.43 ' Welsh,'Davis & Co.—„_—
Co.—_r_—^ 1.7,9
Harold E. Wood & Co.—_
7..14
7.14
,
Co., Inc._
Marshall
-Mason. Moran & Co
r
3.57,
comhums^tdelttvand the5
the several underwriters of tbe
inumbejr Jof Shares, ^greed- td • be purchased by
J
1945
'
31,345,201
1
1944
$18,065,278 $18,780,276
4,474,349
•
8,079,^14
2,'536,210
2,973,626
8.299,871
.
2,955492
income.
_
Net rjr.
oper;
Net from
'
Net
—V.
ry:
37.667,993
16,397,973
16.637,628
5,981,054
5,911,664
1945 *
$428,409
$533,657
191,162
277.566
Ry.—Earnings^'<
*
income
,
a"
railway,——
rallway^-.-aincome^'-j.
1318/
oper;
165, p.
37,461.403
8,233.739
: 4,575,186
1457.
From Jan. 1—
from
28,107,797
8,163,283
4,301,861
railway
railway—;-
oper.
165, p.
-Gross
Wyatt, Neal & Waggoner— -1.79
!(3)\(Cohimon Stock-4^Th^namea'of
.,,1946
2,146,292
Gross
•
Heronymus
The
ry.
February—•
■
from railway
"Net from railway
7.14
_'1.43
1947
4.111.703
income—
Monongahela
1.79
Scott, Horner & Mason, Inc.
——
from
from
Net
i\%
3.57
-—
oper.
Net
* '
Peters,
3.57
Gross
—V.
Nashville
7,14
corp._____.
City
Securities
.
ry.
...
$15,281,588 $13,935,844
From Jan. 1—
14,000
follows:
Bioren
were.
Inc-r- 100.Q19 for 27/es; Otis & Co., 101.1099 for 3s
y & Co'' 100:73 Ut 3S*
'
•!
the
of
are as
and int.
bids
Preferred
•),i,i«5,ooo
shares of new preferred stock as shall not be
issued by the company pursuant to acceptance of the exchange offer
and the respective percentages of such shares of new preferred stock
not so issued in exchange agreed to be purchased by such underwriters
..
—
1
(2)
such
.
as
co.__
&
Milwaukee
The
.?^Texel & Co., 3nd The Mildue June 1, 1976, at 101.45
err^d Stock Awarded—The
■
the
April 3 offered $3,500,000 first mortgage
Donas, series Ay 2% %
The
with
:jGas & Electric Co.—Securities
.
^
1
notification
Underwriter, Guardian Securities Corp., San
be used for payment of short term notes or
'-ir,t)
Itr
of
Drexei
debentures, 4% series, to be sold at face amounts
1 'WQQjaifd $1,000.
|folPpJ|cP«;i)Erpceeds will
1
other
iFr,n
26
.February—, Gross from railwayNet from railway——.
___
*1947
$548,326
258,863
*1946
$585,973
290,844
,,
110,911 '.'134,348
'
:
1,234,450
621,294
304,051
-
.
1944
60;246
97,749
920,696
1,108.577
■*:,
1,191,912
582,102
r 262,285
; ;;;
424.783
156,965;
lyr
*
.665
1,908
1,431
1,000.
-
379
1,328
-
-2.384
333
from
Net
\m
-
*
1,333
474
rT*/
1,669,
1,669 : :
1,667
&
February—
Gross
will
indenture,
Part
'
,
r-
|104G. apd
1.166
-
.
-
Midland Valley
share-for-
a
preferred
preferred
y..„^
_tock
Northern
n
,
?'ck
1
I wecl. .surplus
-954
-3,338
-
'
190
1,139
>
667
1,166.
_____i_'_
' 229
1,193-
See
BUSINESS AND HISTORY—Company is a public utility engaged
principally in generating, purchasing, transmitting, distributing and
selling eiectric energy and purchasing, producing, distributing and
seliing manufactured gas and liquid petroleum gas in the State of
Michigan.
The territory served is divided
into two divisions,
the
31,596,612
iwr*"7-—-------5.229.239
stock.-;(par $100Ji:_——1
15,000,000
Paid-in
nifi
es"mated net past service cost of
d
«
-
190
'
*
2;334
-•
.
a
190
379
'
2,861
-
Midland RR. of N. ,T.—To
Pay Interest—
New York, Susquehanna & Western
RR. below.—V.
•>
determine.
1945.
33,736,292
'
i*6-
9
Hi:11*®,0.11?® aP-d excess profits taxes
RecpruoeCCPUe
^7^"vainf
;P9.s$ible future decline in market
Re-prwe J• inventories,: and other contingencies
Pen«
i_*L—L_'
Co
Wood
p.
477
833"
-
,
Co.__*_:___
The directors have declared
preferred
one
the
due
1945
.
.17"
»
Neal
165,
'571
379
,
do so by depositing their stock
properly executed letter of transmittal,
t
^Indenture
this
at
2f'9 Z'792
1,57 'HI
«Q4
Arernpri
&
E.
—V.
should
a
•
4.40%
$9,795,191 $12,038,303
4,940,888 11,737,336
20,043,555 12,702,035
'
__
I Ar->niini«T«»
400
2,000
Blosser
Harold
Chicago.
St.,
Common
ii
"V
GnnrUihi
4.%
by
Serial yiiotes,; 2%,
unsecured,
.Tarn 27, 1947, payable over
year
period
under the tax
1945
1946i
Cash
TTnit0,f~of
met
&
Net
^^
-.inT-nr
'
'
Prpnn-H
&
477
C0._"
Gardner__;__i
Vercoe
stock of the
v.
Federal
of
of the Merchandise Mart in November
RAI AND?
iRprmvojfi!;
I Morpharllif
!
^
F.
Straus
W"art
.
of
5The
i
accompanied
CAPITALIZATION
of Section 722
of
the Internal Revenue Code.
No
effect has been
given thereto in the accompanying financial statements
since
Rice
*
1945'3'''These
company
&
Co.
&
First National Bank. Ishpeming, Mich.; First National Bank, 38 South
cnoArnAo
1,441,163
of $650,300. income taxes have
Federal
the loss
iel--.f
I
of
one of the following agencies of the company as soon as
possible and in any event not later than the close of business on
April 12. 1947: First National Bank, Three
Rivers, Mich.; The Miners'
past service cost of the Pension Plan^paid in
items less the reductions ft! -t&xes
'resulting
tb^efrpn; ;;havf jbgen charged to; reserves.';-The taxes ipayahld after
deducting' these r .charges are ' estimated ; at $8,014,240 -,in. 1946 and
$9,032,146 in 1945; y ;
V.
' *.
i
*
with anY
the.portions: °f the
and
Tiie
Marshall
954
333
—i___
569
477
333
Co
Irving J.-Rice & Co., Inc.______a________r
Schercfc,- Richter
Scott,- Horner,
Mason,. -Ino—
Sills, Minton 6c 'Co., Tnc.lii_5_—i:L__iiL;__:i
.
1946
333
'
'
954
667
&
379
1,431
667
Co
Joyce
954
1
1,000
>
379
.
-Including debt redemption premium
.
&
Daniel
'
par
the exchange
accept
certificates,
+Tnni-„w
new
old
—
[Earrungs
"
Co._____
Reinholdt
account of'the company
subject to acceptance by the company in Ashland, Wis.
Holders -of
•' ->
i
the
of
All shares of old pridr lien'and preferred
change will be deemed to be deposited for the
poss:ble future decline in market
inventories, and other contingencies
rnmmhn
sale
Tornga
Corp._i__
J. O'Connor & Co., Inc
Peters, Writer-& Christensen, Inc...—
prior lien stock of the company, has advised
th<? comPany and the SEC that it will not exchange said shares pursuant to the exchange offer but will surrender
said shares ifor redemption> in ovder to,(?omply with an order of that Commission. «,
21,747,132
______
tPifov^sion for Federal income taxes_______
Provision
'
_
'
.
Total
Interest
1,424
667
&
J.
1, 1947 to the date of redemption of the unexchanged shares of
old prior lien and preferred stock.
The exchange offer will expire at
tbe close
business on Anril 12, 1947. Shares of old prior lien and
preferred stock not exchanged pursuant to the exchange offer will be
redeemed at $105 per share and accrued dividends from Feb. 1, 1947
*be t*a*'e
redemPtiou, which date of redemption is expected to be
on or about
May 19, 1947. The Middle West Corp., the owner of 4,878
YEARS
196,860,077
manufacturing
sales and operating
of
for
and accrued dividenas
1946
sales
949
3,576
Co
MacNaughton-Greenawalt
The
preferred stock as are not issued
lien stock and prexerred
of common
954
2,584
Feb.
Earnings from retail and
+Cost
from the
company
667
Mason,"Moifan & Co
.•___
Wm. j; Mericka & Co., Inc.—
Metropolitan St.. Louis Co—1
107-^
i
B.
an amount equal to the aiffeience between (a) $101, the initial public
offering price per share of the new preferred stock, plus accrued dividends thereon from FetL 1. _1947 to the date of redemption of the
unhanged shares of old prior lien and preferred stock, and (b) $105
over
•
Net
John
477
1,667
Cleveland
Heronymus
^
2,500
Larson
<fe
379
V 1,139
*
190
share basi? and ,to. releiv®. 1" cash- in resP=ct of each share exchanged,
'
INCOME
MArrh
Corp
Co.
&
First
Hanrahari
^
than
subsidiary corporation
increased
d,1P
&
379
954
2,861
>
333
-
,
*1,234
.954
2,000<
Corp
2,904
3,099
•
-v.
667
Inc
The
,
received by1 the- company troio
'KV V?
Co
Securities
Co.,
DeYoung,
PREFERRED STOCK EXCHANGE OFFER—Company niters to the
ho.lderf{
outstanding shares of its 7% prior lien stock, $6 non par
.Pnor lien stock, 6% preferred stock and $6 non par preferred stock
i£e rIght to exchange their shares (but not exceeding 14,000 shares in
the
the company's
manufacturing diviMills.
These mills will continue as a
Co.,
Fieldcrest
Earnings before taxes
ceding
were
to be
&
&
u
j
.
of
name
Fieldcrest
Marshall
sales
taxes
j
2,167
Halsey,
Stuart
West
7,497
t>,lh;b'
Clayton Securities
Coliu & Torrey_
bid of $16,509 per share;
a
the 14,000 shares of new
aggregate)
close of 1946 the
was
before
,
STtfSL*" Se,,,»
Expenses were substantially
salary increases.
Despite
the
to
Brashears
From
'-Middle
.
"
•
At the
part
,
From
Company
667
City
57,226 shares of the-common stock of the company are being sold
by-Middle West Corp-, as. a step in compliance with an order issued
by the SEC under the provisions of Section 11(b) of the Public
Utility
Holding Company Act of 1935; and
rep-
1945.
considerable
on
334%
A
f 5'
""" inCrCaslng steadiIy'
in
..
'
'•
-vi
Co
Burr
final aggre-
a
company, are to be applied by the company, together with such amount
^ro"1 its Seueriil funds as may be required, to the redemption (at $105
per share and-accrued dividends) of such of the outstanding shares
its Prior lien stock and preferred stock as shall not be exchanged
for new preferred stock pursuant to the exchange offer,
a'wSoto^Bate'°ofagross p^nt.^as inSthe'chicago
somewhat lower than in
stores, was
higher, due
■
Co.____—
&
Dempsey
a
proceeds
series
•
(a), such of
$2,000,000 to the reserve for estimated net
past service cost
of the Pension Plan, leaving a balance in this
reserve
of $5,200,000 at Dec. 31, 1946.
- .
*
,
reSdnS!275
otTthi company
31
Halsey,
No. of Shs. of Cont. Purch.
Haupt & Co
G.
the
revised
$700, making
in exchange for outstanding shares of prior
st:0ck Pf tne company, and (b) 40,COO shares
,
only other charge
by
Proceeds to oe> received by the
e ne
'
*
"The
bonds
v-
funds
against this account.
Otis
l&P* share. The shares
l20'000^^ °f
per
awarded March
mortaaee
capital
charged
award
the sale of $3,500,000 series A bonds are to be applied by the company,
together with such amount from its general iunds as
may be required,
to ** redemption (at 106.50 and accrued interest) of S3,500,000 tirst
-
$2.75 compared with
previous year,
the
,
with; $2.35 - in, 1945/ 'Net earnings1
$6.90 before provision for inventory
«
"
>
were
win
Another bid of $15,042 per share was submitted by Kidder, Peabody & Co. Of the common shares 40,000 are
being sold by- the eorhpany and 80,000 by selling
.stockholders...,
V '
*
*
.ft,r
common snare in 1946, alter preferred dividend-re-
share in 1946
•
bme bethad been scarce
return
gradual return of goods which
common
waa
common
per
cradual
a
nfrS th?war
To
&
Ira
Bache
commOn stock (par $10)- at $17.75
net
fp..
Otis
less $42,000 compensation, which amounted to the
total.
C°hU &
were
McBain, President, said in part:
Middle West- Coril. - and
follows:
* ^
;• •• -;-r
•
Detmer
A_.
,
Otis
^
made—
75.v
p.
as
'
•
tie between Harris, Hall
a
-Common Stock Offered—A syndicate headed by Otis
& Co. (Inc.) j Ira Haupt & Co.; Burr & Co., Inc., and
.
ordinary distribu-
««Tl
cents and an
v.
the
as
compensation for soliciting exchanges
gate of $1,372,700.
3.
..v.
company,
From '?
stock developed
price of
stock from 100 to 101, which boosted its bid to $1,386,000; Harris
Hall's second bid let the
price stand at 101,' but marked down the
declared
of 8 cents per share and
35)
same
-
,
the
,
39° fdr 4.407o stock
:
from
Inc., respectively are
stock.
Biddin6 for the preferred
,
5 40a
~~
severally
Stuart & Co.
out-
13
;
r
11800
&
_
them
con-
Co*» and 0cis & Co-» requiring the company to invite the competiJ°rs."to improve the bids. The tirst Otis bid designated 100 for stock
bearing a dividend of 4.40% less compensation of $28,0C0, representing
a total retum to the company ot $1,372,000. Harris, Hall first bid
11 800
;
.
"
,•
L
'11 800
Co"
Townsend
standing preferred
11 800
G. H. Walker &
-
dend> less. compensation of $28,000 for services in
nection with exchange of the new stock for present
shares
Co
Schoellkopf
Hutton
Pomeroy Inc
P.eabody. & Co._;_J.25,lOO
Stone & Co
11,800
Hornblower & Weeks—^—,., 11,800
Lee Higginson Corporation 11,800
Laurence M. Marks ,& Co._. 11,800
V. 164, p. 2693;.V. 165, p. 1730.
Kidder,
.
&
(1869)
-
2
534,002
224,086
The
for
York
V.
filed a registration statement with the SEC
Underwriter, Eastman, Dhlon & Co., New
Proceeds will be used to retire outstanding bank loans in amount
080,000 with the balance applied to general corporate purposes.
164,
of debentures.
profits for the year ended Aug. 31,
1946, was due largely to increased sales of sugar, 226,555 bags having
been sold during that period as compared with
147,976 bags during
the previous year.
The production of 212,125 bags from a high quality
beet further enabled the company to realize economies on accoun„ of,
volume operation, even though the cost of labor and supplies continued
corporation
The
■shares of its
from
dividends
rise.
to
•
report for the year ended Aug. 31, 1945, to stockholders, the
reported the successful conclusion of a refinancing program,
which resulted in the retirement of the oustanding 6% first mortgage
bonds with the first mortgage 4% term note for $450,000. The follow¬
the
In
company
were accomplished;
(1) The bends were called on Feb. 1,
contracted.
$330,562 was expended for this purpose; and
(2) all of the essential equipment for the factory addition was received
and installed in time for the 1S46 campaign. The cost of the complete
job was $114,400, of which $100,000 came from the proceeds of the
loan, and the balance from company funds.
The campaign just concluded was the third largest in the hiSi-ory
of the company, a total of 196.862 bags of sugar having been manu¬
factured
in spite of
very
difficult weather conditions during the
ing results
1947
1946
1945
1944
$872,102
$672,082
$394,582
$618,752
320,280
269,575
13,827
234,140
15,593
221,339
18,904
Quar. End. Jan. 31—
Ceiling, admin, and gen.
expenses
Depreciation
22,290
.—
profit-..—
$529,531
$383,680
$144,844
$378,503
(net)—
2,751
6,268
5,805
7,429
"
Operating
Other
1946,
income
as
harvest
Federal
jFed.
income
$327,282
$199,948
$76,648
150,000
150,000
100,000
Dividends
Surplus
^Earnings
deducting
tAfter
,
share—
per
cost
manufacturing expenses,
Dr$73,352
$45,438
$0.38
$0.72
of goods sold, including materials, labor and
but before deducting provision for depreciation.
31, 1947
$683,038; U. S. Govt.; bonds (at cost), $547,983;
receivable, trade (net), $1,093,072; merchandise inventories
ASSETS—Cash,
$2,041,844; miscellaneous receivables and other sundry assets,
$11,730;
property, plant and equipment, at cost (net), $1,886,423;
-deferred charges, $98,225; tctal, $6,362,315.
(net),
including payrolls, $418,947; ac¬
crued taxes other than taxes on income, $9,548; Federal
taxes on
income
(including $205,000 for the period of three months ended
Jan. 31, 1947 (est.), $575,781; capital stock (200.000 shares no par),
$1,000,000; earned surplus, $4,358,039; total, $6,362,315.—V. 165, p. 339.
LIABILITIES—Accounts
payable,
Gas
Oil
&
Corp.,
O.
Newark,
—
ACCOUNT
INCOME
ENDED AUG.
YEARS
FOR
of
$780,920
company on March 28. filed a registration statement with the
.SEC for $1,750,000 of 15-year sinking fund debentures, due 1962. Un¬
derwriter will be named by amendment.
Proceeds will be used to re¬
deem first mortgage bonds,
to repay Freeaom-Valvoline Oil Co. the
balance of advances made by that company to the corporation and to
add to general funds for payment of costs of construction and develop¬
ment work.—V. 165, p. 1593.
'•
Gross
Debt
Financing—On Feb. 3,
6%
on
and
Miscellaneous
Prov.
for
Prov.
for
1962.
-
income
Fed.vfcnd State income taxes—^
contingencies—
*
Cross
sales, less discts., returns and
Cost of goods sold
Contract
allows
li
of
end
27,759,636
=.
ASSETS—Cash,
Operating
pf
profit
income
farm
reserve for depreciation, $768,023), $450,619; improvements in
(construction of modern filtration and carbonation units),
agricultural land and water rights and farm buildings (less
reserves
for depreciation,
$36,243), $804,858; beet dumps, etc. (less
reserves for depreciation,
$40,640), $45,067; unamortized debt expense,
$3,607; advance on beet seed cultivation, $12,503; receivables arising
from
sales of
property
(less profits deferred
on
instalment sales,
$361), $2,341; prepayments, etc.,-$6,240; total, $1,951,242.
progress
$93,468;
LIABILITIES—Trade
tion
(advances
Total
Federal
income
due
Feb.
1, 1947, on first mortgage 4%
note, $25,000; accrued interest
first mortgage 4% note and contracts payable, $1,355; balance due
beet
growers
for 1945-crop
beets, $17,295; other accruals,.;;$14,246;
reserve for contingencies, $60,000; suspended credit, $21; first, mortgage
4%
serial note
(non-current), $402,400;
extended income
(second)
mortgage bonds
(due, as extended, 1959), $494,600; earned surplus,
$667,926 (represented by 5,000 shares of preferred,stock without par
Value and 1,224%
shares of common stock
without value);
total
on
21,758.466
3,070,101
$2,081,532
198,048
$7,024,743
406,314
$2,279,580
492,552
2,594,476
786,412
$4,023,952
« 362,944
828,287
$2.21
income
taxes on
under
creditors, $91,495; Commodity Credit Corpora¬
sugar
beet price support program, etc., net),
$63,863; accrued payroll, $6,781; Federal excise tax on sugar, $27,674;
property
taxes, $14,523; Federal and State income taxes, $63,008;
other taxes (social security, etc.), $1,055; serial principal instalment,
$1,951,242.—V.
Deductions
accounts receivable (net), $105,525; inven¬
applicable to
1946 campaign, $124,941;
ex¬
costs
162, p.
196.
J
profit
dividends
-Preferred
/Common
—
$1,000,616
•
•:
dividends
Earned per common
share
CONSOLIDATED
...
BALANCE
SHEET, DEC.
31,
Mar.
Sales
and
limestone
debentures,
made
deposits
(after reserves for depletion of
sites, $883,896; buildings, docks, vessels,
The
for
franchise and local property taxes, interest, etc., $350,051; Fed¬
eral, State and Canadian taxes on income—estimated (net), $204,689;
series notes
(payable $250,000 semi-annually to May 1, 1955),
$4,250,000; 3% series note (payable in amounts based on earnings
after Jan. 1, 1945
(maximum annual requirement
$150,000),
plus
$250,000 semi-annually Nov. 1, 1955-Nov. 1, 1959 and balance May 1,
1960), $4,937,932; 3%% purchase money mortgages on vessels, payable
$142,191 annually to March 31, 1953), $995,337; reserves for work¬
men's compensation self-insurance,
$61,908; reserve for general con¬
tingencies, $200,000; $4.50 cumulative preferred stock (82,250 shares
$12,416,857;
•
earned
surplus,
par), $1,656,573;
$6,673,322;
total,
164,
1
p. 2833.
Malleable
&
Steel
Castings
Stowell
•
Cicero
C.
Wasson,
and
Melrose
_
at
Midland
York, N. Y.—V.
103
Trust
and
Co.
165, p.
interest.
of
New
Payment will be
York, trustee, 120
1458.
shares
(no
par)
a
New
registration statement with the SEC
capital
stock.
shall
event
Old
Street
Trust
Trust
&
England Gas & Electric Association
—
Securities
77,625 shares of
% cumulative convertible preferred
shares of beneficial interest (par $100) at $103 per share
and accrued dividends. The, same group is
underwriting
an offering
of 479,233 common shares being made by
•
i
the Association to the holders of its old preferred stock
under rights
expiring April 16, 1947. The offering under
rights is at $9 per share. The 4y2% preferred stock was
oversubscribed.
No offering by the underwriters of the
common is expected before end of
subscription period.
The c ompany sold through
competitive/bidding on
March
31
an
issue
of
registrar,
co-registrar.
is
Mass.,
is
$22,425,000 20-year sinking fund
and
Chemical
RECAPITALIZATION—The securities offered
OF
with
filed
the
of
alternate plan
the
to
pursuant
Association
the
York,
New
Co.,
Boston,
Co.,
PLAN
offered
being
and
agent,
bank,
National
ALTERNATE
.
are
Company, Boston, Mass., is transfer
New York, is co-transfer agent.
Trust
Colony
State
of
Each share has voting rights and preemptive rights.
1,850,000.
Chase
of
number
the
the
the
out
carry
conversion
for
reserved
(par $8) of which 1,246,011 are
plan of recapitalization and 543,375
convertible preferred shares.
In 110
common
shares so issued and reserved
shares
3,500,000
is
to
SEC
23,
Nov.
on
recapitalization
plan
The
1946.
SEC, subject to reservation of jurisdiction as to
certain matters, on Feb.
11, 1947, and the U. S. District Court for
the District
of Massachusetts on
March 10, 1947 entered an order
approved by the
was
plan.
The
statutory period for appeal will expire
The plan provides in substance for the elimination
structure of the Association of all its outstanding
the
1047.
securities
and for the issuance
preferred shares and common shares,
debentures,
$22,425,000 of series A bonds, 77,625 shares of convertible
and 1,246,011 new common shares (par $8),
preferred
($100 par)
plan also provides that each present $5.50 preferred shareholder
shares of new common for each such preferred share
The
will receive eight
and
held
presently
will
transferable
receive
addition
in
rights to
at $9 per share.
those unsubscribed on
transferable
rights,
if
any,
will be available for subscription by
holders of $5.50 preferred shares up to 20 shares of new common
for each share of such preferred presently held.
This latter subscrip¬
subscribe
tion
additional
five
for
equivalent
shares
Common
common
new
number
the
to
shares
of
will not be assignable or transferable. If subscriptions
rights exceed available shares, the new shares will be
basis of such subscriptions.
privilege
latter
these
allocated
the
on
Pursuant to
plan, the Association offered for sale at
the
competitive
The SEC granted an exemption from
requirements with respect to the convertible
preferred and such of the 479,235 new common shares as are not
subscribed upon exercise of subscription rights, and the Association
on March 31,
1947. enteved into an underwriting and purchase agree¬
ment for preferred and common shares for the sale of such shares.
bidding $22,425,000 series A bonds.
its
bidding
competitive
As
litigation pending
and various cor¬
part of the plan there will be terminated all
the Association, Utilities Investing Trust,
a
between
affiliated with the
porations and interests which are a part of or are
Associated Gas and Electric System.
former
order of the U. S.
will cease to Joe a
trust under Massachusetts decisions and will become a "part¬
consummation of the plan, pursuant to
Court of Massachusetts, the Association
Upon
District
/'strict"
nership"
type
APPLICATION
interest
net proceeds (excluding accrued
deducting estimated exPenses°„
OF PROCEEDS—The
and
dividends
and
before
to be received by the Association from the
bonds and 77,625 shares of convertible
$140,000)
of
trust.
of
'
series
A
sale of $22,42o,ouu
preferred togetnei
the new common,
principal am°un
proceeds of at least $4,312,500 from the sale of
shares will be used to- retire, in each case at the
with
aggregating $34,998,500.
debt now outstanding
$34,500,000
thereof,
proceeds' are not sufficient for the PurP0S<j
$498,500 principal amount of bonds an
paying estimated expenses of $140,000 and accrued interest on t
bonds to be retired, the Association will use its general funds thereioi.
To the extent that the net
retiring
remaining
the
UNDERWRITERS—The
of
follows.
pfd. Shares
The First
Boston
H. F. Boynton
4,525
4,525
400
300
Corp.—
& Co., Inc.—
—
Chace, Whiteside & Warren, Inc
num
ar
& Burr, Inc.——
Cooley & Co
Eastman, Dillon & Co—.:—
5-°
4,525
4,525
2,500
1,050
—
-515J
4.5089
5.Wj«
09906
3.-mud
2Vn«9
Weeks
3,500
£'0903
Laneloy&CC..
4,525
4,5089
Hornblower
&
3,500
Lee Higginson Corp
Merrill
F.
.
4.5089
3,500
Co._—
Goldman, Sachs & Co
Harriman Ripley & Co., Inc
Harris, Hall & Co. (Inc.)
Hayden, Stone & Co._"
W.C
r'oocn
5.829J
3,500
400
—
-
&
* Percentage
4,525
Coffin
Estabrook
„
4,525
3,500
1,050
An89
~00
-
4'cn«g
400
Fennel' & Beane—
Lynch, Pierce,
Moseley & Co.-
3*9206
of California
4.508J
l-jg
Paine, Webber, Jackson & Curtis
Perrin,
E.
H.
West
& Winslov/,
Rcllins
Schoellkopf,
Chas.
W.
&
Sons
Hutton
Scranton
S.
Smithers &
William
R.
&
Webster
Inc
400
*3865
Walker &
—
,
Corp
—
400
•
_
8993
5
4,525
wfo
•
0
_
9905
2>500
————
^Percentage of unsubscribed common
shares.
?*26
i'050
Co.——
;
,,,
300
300
Whiting, Weeks & Stubbs:
Yavnall & Co.—
■
400
H. C. Wainwright & Co.—.
H.
8293
300
.——
Townsend, Dabney & Tyson
G.
8526
r.l53
*
——
___
Co.—
Securities
1
9„
—:
Pomcroy,
Co.—
Co.———
Staats
Starkweather & Co.—
•Stone
2.500
Inc
&
&
3865
Inc.-.
Smith, Barney & Co._
"F.
the
underwriters of
several
the
of
names
preferred and common shares and the respective
percentage of such shares agreed to be purchased by them
convertible
;E. M. Newton & Co.—————
Offered—The First Boston Corp. headed an investment
banking group which offered to the public April 2
Co..-—, New
Manager cf the company's two Chicago works
Park, has been elected a director to fill the
vacancy on the board caused by the death last year of Charles H.
McCrea.—V. 165, p. 1196."
at
1960,
company on April 2 filed
150,000
New
Director Elected—
'
issued
Pacific Co.
/
National
Marine
1,
properties of New Brunswick Gas & Oilfields, Ltd.
capital surplus
$43,150,558.—V.
The
Oct.
Underwriters, William D.
Elwell, Boston, and W. C. Pitfield & Co., Ltd., Montreal. Pric:' $5.75 a
share.
Proceeds, together with $300,000 bank loan and $300,000 from
the Shell Co., will be used towards the purchase of the New Brinswick
:2Vi%
($1
Fibre Co.—Partial Redemption—
New
Brunswick
Oilfields, Ltd., Fredericton,
Brunswick, Canada—Registers with SEC—
•State
stock
at
due
Broadway, New
LIABILITIES—Accounts payable, trade and sundry, $2,469,868; wages
salaries, $520,175; payroll and withholding taxes, $188,845; accrued
common
$44,502,480 $31,109,189
The company has called for redemption on
May 1, 1947,- through
operation of the sinking fund, $203,000 of 15-year 4y4% sinking fund
plant
par). $8,225,000;
Mar. 23,'46
a
authorized by the amended decla¬
amount
SHARES—The
trust
Blyth & CO., Inc.—
and
no
$15,768,212 $10,794,750
National Vulcanized
$424,720),
machinery
and
equipment
(after reserves for depreciation and amortization of
$6,952,735), $14,569,165; improvements to leased property (after re¬
serves for amortization of $381,124), $557,172;
construction in process,
$3,464,989; non-operating plant and quarry (less reserves of $39,779),
$135,224; patents and trade-marks, $32,239; deferred charges, $683,575;
total, $43,150,558.
,
Mar. 22,'47
-
$1,891,680; U. S. and Canadian Government secur¬
ities, at cost and accrued interest (quoted market $7,547,458), $7,541,965; U. S. Treasury tax notes, at current redemption value, $3,272,980; notes, acceptances and accounts receivable (net), $3,445,826;
inventories, $5,211,157; investment and other "assets, $174,657; gypsum
$1,286,032;
—Current Year to—
22,'47 Mar. 23,'46
The number of stores in operation decreased from 741 in 1946 to 680
at March 22, 1947.—V. 165, p. 1731.
$0.51
ASSETS—Cash,
1
of
be
to
of
,
National Tea Co., Chicago—Current Sales Up 46.07%—
298,158
345,393
1946
>
,
4 Wks. Ended
Net
-
co-registrar.
is
COMMON
on
1946
(less
etc.
'
3,855,164
$177,991
allowances and Federal excise tax.
operations applicable to current crop year
(net),
land and water rights and buildings, machinery, equipment,
$19,011;
;
$6,442,022
582,721
-
10,000
into common shares of the Association at
shares for each convertible preferred share.
common
$91,620;
$191,441;
penses
168,005
-
expenses—.
10,000
$29,798
148,193
year
After deducting freight, discounts,
tories,
$38,056,822 $26,742,095
fees
administrative and general
t
,,$73,341
177,990
i—
BALANCE SHEET, AUG. 31,
.
1945
,
convertible
of
Boston, Mass., is registrar, and Chemical Bank & Trust Co.,
York,
ration
of
5,517
267
26,482
251,331
beginning of year
Surplus,
1947
1946
2,972
6,803
7,988
the year
income for
Net
Surplus,
expected to issue 33,296 shares of common stock during
in connection with the acquisition of a paper mill at
Kalamazoo, Mich. In recording the transaction, the company intends
to assign an amount of $27 per share
(approximate quoted market
price at time negotiations for the acquisition were consummated),
which will result in the addition of $33,296 to common stock account
/ and $865,696 to capital surplus.
'
.Selling,
Chase
Trust Co.,
New
8,
21,063
1.94
..64,000
*a
the
Colony Trust Company, Boston, Mass., is transfer agent, and
National Bank, New York, is co-transfer agent.
State Street
the
v-.
cumulative
at
trustee
Old
from
2.5%)
at
redemption
beneficial interest
of
convert'ble
Initially
June
land and water rights..
charges
of 4 V2 %
amount
general
the Association, or
deposited with the
liquidation to $100 per share, both plus accrued* unpaid dividends.
rate of seven
enforcing
r—
.
($319,500
retired
agri.
at the
1947,1 payable quarterly January, April, July and October 1
as a
whole or in part at the election of the Association
time on not less than 30 days' notice at $106 per share if
redeemed prior to April 1, 1952 and at $105 per share if redeemed
on
or
after April 1, 1952, and before April 1, 1957, and at $104 if
redeemed on or after April 1, 1957, in each case together with all
accumulated and unpaid dividends thereon.
Preferred over common
shares in voluntary liquidation to $104 per share and in involuntary
31,832
r
Company
CONSOLIDATED INCOME STATEMENT FOR CALENDAR YEARS
expense
bonds
sales .of
on
the
February
Other
discount
Prem.
Loss
b0nfJ(i
1,
$106,917
1946, $21,-
depreciation:
$22,553)
1945,
2%%
any
$96,709
10,203
Interest
proceeds and other funds, the company paid, at principal
Amount
($10,183,269), all funded debt reflected in the balance sheet
at Dec. 31, 1946.
On the basis that all notes ($15,000,0000) issuable
under the new note agreement will be issued, the 21/a%
installment
notes will be payable $416,G66.67 semi-annually from July 1, 1948 to
Jan. 1, 1957, and the 3% sinking fund notes will be payable in amounts
based on earnings after Jan. 1, 1947
(maximum annual requirement
$300,000; first such payment April 30, 1948), plus $375,000 semi¬
annually from July 1, 1957 to July 1, 1961, and the balance Jan. 1,
I
(after
income
915;
1947, the company sold to institutional investors, for
$10,000,000 cash, $5;000,000 of 2V2% instalment notes
and $5,000,000 of 3% sinking fund notes, and obtained
the right to call upon such investors to purchase at any
time on or before Dec. 31, 1947, at principal amount, a
maximum additional $5,000,000 equally divided between
From
dividends
$213,696
1
trust
(par $100) authorized by the
trust is 77,625 shares all of which are to be
connection with the plan of recapitalization.
Entitled to
at late of 4'/2%
per share
per annum
cumulative from
in
issued
628,954
income
Other
the two issues.
1
operating profit
redeemable
he
STOCK—The
shares
declaration
amended
of
Net
The
will
bonds
A
PREFERRED
preferred
$151,966
55,257
with SEC—
National Gypsum Co.—Private
series
The
949,961
exps.
collateral
prices, in whole or in part at the option of
sinking fund redemption prices with cash
for sinking fund requirements.
4,749
and other general
administrative
Selling,
fund
dated April 1, 1947, and are due April 1, 1967.
'
Interest payable Oct. 1 and April 1 in Boston at principal oifiL
of State Street Trust Co.
The annual sinking fund for these bomi
commencing in 1948 provides for the payment to the sinking fu¥£
trustee in cash or bonds of 1%
of the aggregate principal amoum
of all bonds of series A theretofore authenticated
and delivered h»
the trustee if the ratio of consolidated debt to consolidated capitaliza
tion is loss, than 65%, and IV2% of such series A bonds if such ratin
exceeds 65% but is less than 70%, and 2% of such series A bonds if
such ratio exceeds 70%.
Bank
Registers
sinking
20-year
ana
are
$291,782
82,335
-
Thev
na
BONDS—The
series A,
$208,947
sold
sugar
profit from sales of sugar
sale.
'
1945
$1,241,743
sugar.!
the
100.2799 for 3s.
Halsey, Stuart & Co. Inc.,
30,307
of
received at
were
Co'
exceed
31
1946
sales
*Gross
Cost
Gross
National
approximately
completed between the Twin Lakes com¬
pany and the Reconstruction Finance Corporation with reference to
the refunding of
that company's bonded indebtedness.
The former
indebtedness of $2,200,000 has been retired by the issuance of $1,500,000
of 4% refunding bonds, dated Nov. 1, 1945, which are amortized over
a period of 40 years.
The remaining $700,000 of the original indebted¬
ness is represented by an issue
of special stock of 35.000 shares of a.
par value of $20 per share, all of which is, hold by the Reconstruction
Finance Corporation.
The special stock bears no interest and pays
no dividends,
and, when the present issue of bonds of $1,500,000 has
been retired, the Twin Lakes company agrees to take up the special
stock by the issuance of 4% bonds, payable over a period of 25 years..
The practical effect of this arrangement is that the Twin Lakes com¬
pany saves $28,000 a year in interest.
$49,948
$1.00
$177,282
$1.63
BALANCE SHEET, JAN.
•accounts
substantial stockholder, through its landholdings,
Canal Co., a mutual, non-proiit irri¬
a
bids
other
White, Weld & Co, and Kidder, Peabody &
100.769 for 3s; The First Boston Corp., 100.539 for 3S-
at
negotiations have been
All
209,000 shares .of capital stock.
§On
is
company,
which irrigates the lands on which
of the beets tributary to the factory are grown.
80%
$145,433
150,000
on a
Three
/
Redeemable
Lakes Reservoir &
Twin
The
gation
income
Net
This company
in
130,500
Co.
April
REFINANCING
COMPANY
LAKES
TWIN
rio",ooo
65,000
190,000
205,000
taxes—
profits taxes..
exc.
period.
9,000
contingencies-
for
$385,933
$150,649
$389,948'.
$532,282
Tctal: income-..
Prov.
bonds, series A, due 1967. The issue
to John Hancock Mutual Life Insurance
bid of 100.005, an interest cost of about 2.87177
awarded
was
were;
rather sharp increase in net
The
has called for redemption on June 22, next, 177
outstanding preferred stock at $J. per share, plus accrued
Jan. 1, 1947. Payment will be made at the office of
13
Flavella Kcss, Secretary of the company, who announced that
it
any such shares so called are not surrendered on or prior to June 22,
1947
the call for such shares shall be considered withdrawn and such
shares shall not thereafter be called until after all of the remaining
uncalled preferred stock has been cnce called."
v
:
Co.—Annual ReportReginald S. Carey, President, on Feb. 1, said in part:
(N. Y.)—Partial Re-
Mortgage Corp.
'
•
National Sugar Manufacturing
„
Vernon
Mount
on
1453.
p.
3146.
p.
to change the
amendment wO"
1947.—V.
March 27 approved a proposal
name of this company to Nopco Chemical Co. and an
the certificate cf
incorporation was filed March 31,
stockholders
The
collateral trust 2Vs%
Changed-
National Oil Products Co.—Name
'
Mar. 31
company on
S5 000 000
cf $4
f.—Registers with
of America, N.
Morris Plan Corp.
Monday, April 7, 1947
FINANCIAL CHRONICLE
THE COMMERCIAL &
3g65
300
(Volume 165 "Number 4583
1
THE COMMERCIAL & FINANCIAL CHRONICLE
(1871)
u—
capitalization giving effect
cumul. convert, pfd. shares
beneficial interest ($100 par)
Common shares
(par $8)
41/2 %
sufficient
'■•A
shares
number
leserved
aie
of
foi
the
to
present
$22,425,000
77 fi2s sh*
nn R95
*3,500,000 shs
but
these subsidiaries because they
the continuation of the integrated Niagara Hudson
consolidation, and the petitions now pending are
granted by regulatory bodies,
the number
of companies would be
reduced to seven as compared with the present 12 and 59 in 1929 when
1,246,011
unissued
conversion
of
the
cbc
convertible
preferred shares.
Calendar
Output—
*Fi°I
naR3kwhdeCThf«ariCh an increase of
28, the Association
14,100,848 kwh.
This is
reports electric output
inn
2,052,767
production of 12,048,081 kwh.
ago.
Gas
output in the March 28
for
is
week
the
kwh.
17.04%
or
corresponding week
526
reported
increase of 55,473,000 cu. ft
or 41.28%
380,000 cu. ft. foi the corresponding week a
at
above
year
Subsidiary
iso 858 noo
V. 165
1731
reports
Association
The
Association—Weekly
number
of
kilowatt
hours
Other
for
income
interest
284,000
739,861
payable to banks
from
income
BALANCE
stock
preferred
SHEET,
DEC.
31,
Period End. Feb. 28
revenues—_
$2,835,354
expenses
taxes ——
1,507,736
Operating
Federal
—
Property
serve
retirement re¬
appropriations.
300,000
Other
3,661,000
3,731,523
subsidiary
a
utility
U.
S.
Divs.
on
cl.
A
$
Divs.
on
cl.
B
Divs.
on
Net
revenue—
oper.
$406,476
$409,499
$3,686,853
$3,436,183
(net)—
10,774
7^965
138,843
Interest
Net
$417,250
$3,825,696
$3,539,336
88,500
1,G61,8S8
1,066,288
18,661
30,087
250,773
285,907
&
income
Dividends
$417,-164.
88,490
mtge. bonds
deducts.__
on
int.
Other
$310,099
$298,877
stock for period—
$2,513,035
165,
Net
from
Net
ry.
3,456,429
738
1,602
$1,817,593
preferred
-Earnings-
5%
series
$795,342
$1,014,536
340,241
463,380
477,164
700,325
318,722
323,586
252,509
326,535
railway.
income—
($100
37,887,500
par)
1945
1,564,900
($1
9,580,989
Net
from
from
Net
oper.
ry.
^-V.
railway
payable
3,000,000
15,274
accrued
100,000
3,000,000
68,621
139,178
290,406
banks
to
due
within
one
year—
692,753
payable
Reserves
first preferred
on
stock
1,420,781
242,411
87,441,884
—
Capital surplus
surplus
9,592;971
165, p.
Total
1,259,685
1,480,557
1,774,229
908,875
1,060,840
1,309,988
657,352
603,879
526,102
STATEMENT
New York
February—
1947
Gross from railway....
$162,049
Net from railway.—27,283
Net ry. oper. income...
*10,393
1946
Gas
1945
1944
$190,534
and
$173,200
36,386
61,463 *
97,527
352,640
65,190
346,872
160,468
69,122
24,520
400,802
440,965
81,942
160,178
199,414
232,936
227.434
New York Ontario & Western
February—
Gross from railway
from
ry.
Provision
Net
1945
ry.
oper.
$548,518
$699,960
59,795
*4.346
*177,907
39,631
*71,869
*Deficit.—V.
*106,484
*272,374
profits taxes
excess
income
—
738,436
taxes..—
State
water
charge
——
1,940,915
14,999,052
71,766
1,001,030
1,094,323
1,427,65ft
103,870
*15,735
*357,498
Other
*153,920
*215,544
*547,735
*60,195
income
income
February—•
Net
1947
ry.
oper.
1946
1945
deductions
income
Balance
Dividend
$318,190
$390,020
$552,735
75,711
92.602
136,679
257,631
14,952
*8,462
39,032
112,477
income.._
to
Balance
Divs.
on
stks of sub. cos.
pfd.
net income
by
per
a
3,031,529
from
Net
ry.
railway
railway
oper.
627,527
701,169
759,156
232.333
246,143
11,412
20,417
52,070
186,288
income...
gage
On
480,000
an
interest payment May 1 on its first mort¬
refunding bonds of $26.40 for each $1,000 principal amount.
the- same day interest
of $57.65 per $1,000 of first mortgage
Co.
of
New
and
Electric
payments, which total approximately $300,000 are being made
from previous earnings since the road had an
operating deficit in 1946.
The trustee of the New
York, Susquehanna & Western RR. Co. has
also been authorized
by the United States District Court of New Jersey
to pay on Nov.
1, 1947, six-month's interest of 2% on the $2,000,000
terminal first mortgage bonds.
The trustee has further been authorized to
pay thereafter on May 1
and Nov.
1 of each year interest at rate of 4%
per annum on the
terminal bonds until further order of the Court.—V. 165, p. 1319.
fixed
capital
gas
fixed
5%
Power
Corp.—Annual
Report—Re¬
financing Completed—$20,000,000 Construction and Ex¬
tension Program Planned for 1947—
The
corporation
had
a
consolidated
net
income
of
$16,072,000
for
1946 compared with
$8,146,000 for 1945, Earle J. Machold, President,
advised the stockholders in the annual report for 1946. After preferred
dividend requirements this
stock, compared with 60c
BALANCE
SHEET,
was
per
equal to $1.42 per share on the common
share in 1945.
During 1946, Niagara Hudson reduced its bank loans from $40,000,000
$30,000,000.
The
funded
debt
of
its
subsidiary
companies was
by $9,639,000, bringing the total debt reduction of subsidiary
companies to over $51,000,000 in the past three years.
In the same
three-year period, $155,951,000 of bonds of subsidiary companies were
refunded at lower interest rates.
This program
has resulted in a
reduction of 3,768,000 in the annual interest requirements of the
subsidiary companies.
The refinancing of the preierred stocks of Niagara Hudson subsidiary
companies was completed in 1946. Due to very favorable market con¬
ditions at the time of refinancing, the preferred dividend rates of
System subsidaries are among the lowest in the industry, Mr. Machold
reduced
expense
and fund
accounts-.,
-
Notes
AHEAD
OF
YEAR
AGO
those
for
a
year
ago.
<
which
advanced
and dividends
Interest
and
Materials
DEC.
6,650,949
debt
Unamortized
Retirement work
Other
working
assets
discount and expense
in
progress
debits
deferred
—
-
Notes
Accrued
deposits
Federal
expenses.
Net
surplus"-
77,506
Ry.—Earnings-
7,862,066
$4,134,650
$8,902,206
2.336,818
2,260,320
5,125,944
fac.
p.
(net)—
Cr946,878
Drl8,494
$3,776,262
$4,144,224
$1,874,330
0-876,013 Crl,647,969 Crl,799,571
Br31,971
Dr33,568
Drl7,157
income—
$2,378,459
$2,733,188
143,974
266,335
$2,522,433
$2,999,521
rents
rents
Net ry. oper.
Other
$1,450,075
(net).
2,562,884
121,136
67,896
158,271
1,174,006
income
$6,450,210
347,343
$6,102,867
539,983
170,962
173,353
$2,351,471
$2,828,168
$5,345,677'
81,394
79,178
172,969
167,164
income—
$2,270,077
$2,746,990
$5,172,708
$5,935,703
funded
on
debt
income
Sinking
fund
of
Balance
1319.
3,000,000
1,654,781
598,825
13,067,354
1,251,269
1,502,670'
705,992
3,000,000
314,480
651,104
8,631,540
1,179,146
1,649,483
851,093
North American Investment
Corp.—Annual Report-
$5,797,242 c-n the basis of Dec. 31, 1946 market
provision for the company's $1,450,000 bank loan, the
net asset coverage per share of preferred stock was $140.07.
The net.
asset value of the common stock,
after the deduction of all senior
totaled
assets
Net
After
values.
obligations,
was
5,227,031
capital
—
2,280,363
2,416,842
987,680
939,678
111,042,272 101,519,323
11,529,058
89,587,281
92,353,569
10,373,912
2961.
of
$5,910,227
$5,687,601
341,924
income
Interest
Net
$5,392,260
295,341
fund & reserve
appropriations—
Total
7,682,706
139,495
61,992
339,642
847,670
$3.19
share.
a
RESULTS FOR CALENDAR YEARS
r
from
management
income
Dividends on
Dividends
*
on
After the
,
-
81,855
$147,693
18,000
4,800
$421,845
251,818
167,454
profit
6% preferred stock—
5Vi% pfd. stock
$373,708
194,260
129,191
$142,8925
deduction of all expenses and bond
BALANCE
ASSETS—Cash
SHEET,
DEC.
31,
interest.
subsidiary
company
and equipment,
LIABILITIES—Accounts
crued interest,
$1 450,000;
$1304 900;
deficit,
6%
.
hand and demand deposits, $229,477;
accounts receivable, $2,425; investment in
cost (market value $5,520,962), $4,155,282;
(market
value,
$2,417; 2%
$48,267),
interest
market¬
invest¬
$28,006; un¬
$1,027;
payable, $2,857; accrued taxes, $1,275; ac¬
bank loan (incl. $50,000. due May 31, 1947),
preferred stock, $1,798,700; 5V2%
stock (42,401 shares), $4,240,100;
common
$4,327,452;
-
stock, $53,919; prepaid expenses,
$1; total, $4,472,796.
amortized discount on capital
furniture
67,451
44,861
1946
on
$2,660;
securities—at
in
316,938
$391,708
taxes
and
,
$65,837
$421,845
for Federal income
Net
$74,769
302,171
Total
Prov.
1945
$119,674
dividends, interest,
and other fees,
gain from sale of securities
Net
ment
Corporation—Annual Report—
the
1944
1946
inc.
*Net
receivable,
corporation on Dec." 31, 1948, as shown in its
annual'report, amounted to $17.22 for each share of class B common
out-standing compared with $17.63 a year earlier.
Indicated value of investments of the corporation at the close ox
1946
was
$20,706,695, including $200,125 of U. S. Government obli¬
gations.
This compared with $23,801,037 as of Dec. 31, 1945.
J. F. Schoellkopf, Jr., President, in letter to stockholders, reported
assets
$8,927,632
4,783,408
34,784
606,767,642 610,872,100
164,
1947—2 Mos.—1946
$3,786,893
revenues
Railway oper. income.
Joint
4,394,451
4,827
19.837,574
Niagara Share
Net
oper.
ry.
Equipment
able
«
208,544
76,462
$12,328,954 $11,000,998 $26,295,322 $23,058,180
17,393,116
14,130,548
8,542,061
6,866,348
Railway tax accruals
10,506,319
reserves
Total
...
(net)
and accrued liabilities
Capital
it will preserve Niagara Hudson's invest¬
its subsidiary companies and will also, Mr. Machold said, be
income
accrued
current
Earned surplus
because
—.—
taxes on
taxes
Niagara Hudson companies expect to spend about $20,000,000 for
construction, extensions and improvements in 1947. Major construc¬
tion
projects are new units at the Charles R. Huntley and Oswego
steam-electric generating plants, which will add a total of, 160,000
Kilowatts to the
System's power resources, They are expected to be
lel*dy for operation in the Fall of 1948.
«.
Reviewing the System's progress in corporate simplification, Mr.
Machold stated that Niagara Hudson had filed a plan with the Public
service Commission of New York to consolidate
the three principal
operating companies, Buffalo Niagara Electric Corp., Central New York
flower Corp. and New York Power and Light Corp.
He said this
important step is believed to be in the best interests of the corpora¬
-
oper.
$
4,947,607
Unamortized premium on debtOther deferred credits
R««erve for depreciation of fixed
—V.
209,373
1945
-
payable on preferred stocks
accrued
Interest
Other
1,257,462
company
year
one
Customers'
Other
-
42,084
1,235,356
payable to banks by parent company due
within
Dividends
Other
revenues-
of
payable
Accounts
36,669
1,260,244
256,514
94,159
1947—Month—1946
oper.
—V. 165, p.
parent
109,970
1458.
Railway
31
parent company
stock of subsidiary companies
stock
Common
165, p.
Railway
48,480,500 48,480,500
9,580,989
9,581,009
Preferred
79,000,000 84,158,400
Premium on pfd. stock of subsidiary companies
1,081,000
554,000
Funded debt of subsidiary companies
177,296,333 186,935,667
Notes payable to banks by parent company
27,000,000 37,000,000
Liability relating to Sacandaga and Stillwater
Reservoirs
3,358,833
3,526,265
of
stocks
Preferred
$627,515
105,008
71,013
Norfolk & Western
606,767,642 610,872,100
Total
1945
$594,397
income
oper.
Period End. Feb. 28—
$0.60
2,48*3,137
1
and
current
ry.
—V.
8,420,045
supplies
-
Prepayments
Other
reserve
receivable
1946
$639,229
133,256
45,612
1,434,595
274,140
railway
from railway
Net
6,784
less
1944
1947
$700,658
127,723
30,003
from
Net
869,203
2,506
receivable,
Southern Ry.—Earnings—
From Jan. 1—
Gross
7,980,914
securities
receivable
reported.
tions stockholders
in
have
Norfolk
536,569,610 533,333,620
1,625,326
1,680,120
297,555
224,601
19,738,037
28,147,972
27,382,726
23,422,760
capital
stock
Marketable
to
ments
of
commodities
of
February—
Gross from railway
Net from railway
Net ry. oper. income
LIABILITIES—
Hudson
EARNINGS
r'""
15,592,358
3,315,156
$1.42
series
Cash
Accounts
Jersey will be distributed.
The
Niagara
AND
constitute
the company's major raw
sharply during the past year or more, Mr.
Gulick said.
Although a drastic decline in these prices is not regarded
as
imminent, a policy of restricting the physical volume of inven¬
tories to minimum requirements is being pursued to minimize risk ol
inventory losses.—V. 164, p. 3416.
1,495,000
$
Investment
make
bonds of Midland RR.
stk.
ASSETS—
Capital
Interest Payments—
will
ahead
well
Prices
8,145,949
1946
482,719
Railway
road
pfd.
share
1,062,114
135,797
^Deficit.-
This
above.
company
company
materials
6,707,778
sub. company—
surplus
first
on
common
CONSOLIDATED
from
Net
earned
declared
Earned
From Jan. 1—
Gross
1, 1947, dealings began in common stock of this
view of change of name from National Oil Products Co.
has made a favorable beginning for 1947, Charles P.
President, and Chairman of the board, told the stockholders
March 28.
Soles and earnings for the two months ended Feb. 28
were
14,853,727
16,072,358
requirements
income
Reservation of
1944
$313,890
railway
railway
N. Y. S. E.-—
on
April
in
on
1319.
from
Corp.—Earnings Rose in 1946—
Accountants.
latter
also
The
28,473,471
13,619,744
"
from
A
Gulick,
571,461
income
Total
77,904
Western RR.—Earnings—
Net
DEC. 31, 1946
billings for the first two months of 1947, Mr. Sadacca said,
greater than in the entire first quarter of 1946.—V. 165,
42%
SALES
165,618
26,582,133
7,478,246
payment).
stated that the 1946 profit estimate is a "minimum,"
increased when the final audit is completed by the Cer¬
Public
company
27,902,010
317,583
of
dates
on
1945.
See
12,318,009
4,866,000
4,835,700
695,334
! 1,212,010
14,557,909
26,264,550
value
disposal of investments.
or
Nopco Chemical Co.—Stock Dealt in
13,199,338
628,725
19,103,887
Operating
Net
Gross
class
Commencing
*34,265
1,297,140
165, p.
12,516,260
9,710,000
taxes
taxes
Gross
income
income
market
1944
$500,672
income
railway
railway
Federal
Emergency diversion reserve appropriation. (Cr)
$639,264
from
Net from
—a
at
sale
or
941.
p.
YEARS
117,675,472 115,305,309
43,309,583
41,177,236
8,268,432
7,903,719
revenues
:
York
Other
Ry.—Earnings—
1946
(stated
loss
or
accrued
or
1945
14,546,479
—
:
for
Federal
From Jan. 1—
Gross
CALENDAR
675,652
__
Canadian
1947
railway
oper.
FOR
——
Depreciation
New
Net
:
operating
Operation_
321,607
66,284
of
be
Noma's
$
$
102,453,341 101,477,246
—
Total
165, p. 1458.
Net
INCOME
Maintenance
from
railway....
Net from railway.......
Net ry. oper. income...
—V.
CONSOLIDATED
Revenues:
Railway
75,821
15,487
Electric
may
tified
$199,260
-
prom Jan. 1—
Gross
OF
Electric
Connecting RR.- -Earnings-
'
259,319
stk.
Sadacca
Mr.
1946
Operating
.
150,315
324,173
a
profits in
224,926
87,907,493
3,002,627
669,994
income—
1318.
150,000
319,838
preliminary estimate of earnings for the year ended Dec. 31,
194G, Henri Sadacca, President, stated that the net profits after all
charges, depreciation, taxes and extraordinary contingency reserves,
"will
exceed
$1,600,000," which would compare with $330,499 net
187,567,563 189,694,760
1,964,007
572,8*60
$742,342
373,711
A
Noma
were
railway..,.—
$758,277
37,500
stk.
pfd.
payable
In
From. Jan. 1—
Gross
$581,922
$603,474
com.
pfd. stk._
payable,
$4,962; dividends payable, $603;
(partly estimated), $38,330; amount due for
preferred stock (see contra), $6,510; class B
common stock and scrip
(par $5), $6,187,458; capital surplus, $7,248,192; unrealized appreciation of investments, $4,502,999; earned surplus
since June 30, 1943, $3,368,001; total, $21,357,056.—V. 164, p. 2395.
37,000,000
par)
to banks
payabie
Earned
30,984
9,581,009
27,000,000
Notes payable
Dividends
1944
class
9,028,100
1,564,900
B
Notes
27,300
LIABILITIES—Accounts
37,887,500
9,028,100
stock
Common
13,000
tax_
securities
in
redemption
($100 par):
Taxes accrued
$721,738
1946
stock
A
Interest
1947
$671,974
railway
oper.
345
preferred stock
Accounts
New Orleans Texas & Mexico Ry.from
369,548
1731.
p.
February—
Gross
$2,187,141
369,548
to pfd.
417,734
26,000
inc.
BALANCE SHEET,
receivable:
companies
.
series
123,659
200,156
(general), $475,862; cash (reserved for redemption
preferred stock, contra), $6,510; deposit with broker re
contingent purchase of securities,
$4,225;
accounts receivable
(less
reserve), $83,669; interest and dividends receivable, $70,864; invest¬
ments, $20,706,695; miscellaneous assets, $9,230; total, $21,357,056.
LIABILITIES—
first
$1,154,300
126,645
89,490
ASSETS—Cash
of
taxes
5%
$1,096,443
136,294
36,034
539,257
187,567,563 189,694,760
Second
$997,061
149,222
income
*Pairi
2,718,678
1,000,000
taxes
5%
$2,143,487
applicable
Balance
-V.
548,358
2,547,559
others
Prepaid
$814,730
(net)
760,58*3
718,632
Total
income
Gross
—
103,153
income
2,335
4Va %
Fed.
for
tNet
securities
subsidiary
From
Other
company____
investment
and dividends
5,994
30
437
tExclusive of gain
Government
3,937
72
247
etc.
1945
183,752,276 180,217,868
1,000,000
_—
From
5,013
818
income-
gross
taxes,
Prov.
(PARENT COMPANY)
companies—.
Miscellaneous
Cash
234,841
3,315,156
stocks..
common
12,513
164,966
344
Expenses
Investments:
Public
Interest
294,500
in
to
Advance
$2,825,393 $31,186,429 $31,138,655
1,404,551
17,220,342
14,958,382
447^027
3,456,285
5,834,010
269,806
3,161,949
3,178,557
352,140
269,G02
taxes
Other
Investments
Inc.—Earnings—
,H?lT^0nt'h—1946
1947—12 M0S.—1946
19,828
36,489
10,125
$3,255,436
ASSETS—
New Orleans Public Service
1943
1944
23,625
income
$
1st
on
YEARS
CALENDAR
1945
_
Total
265,444
$9,905,500
declared
$3,800,000.
25,622
exch.
foreign
on
1946
Dividends
of
FOR
237,778
Gains
17.319
—
amount
ACCOUNT
21,311
Miscellaneous
Int.,
income
the
in
141,058
deductions
deductions
Net
loans
INCOME
Commissions
488,796
385,000
taxes
the
29, 1947, as 67,929,407, compared with 60 828 301
in the week ended March 30, 1946, an increase of 11.67%.
The comparable figure
for the week ended March 2a
1947
was
67,769,41.7, an increase of 12.06% over the corresponding week a
year
ago.—V. 165, p. 173a.
bank
dividends
*Taxable
$4,689,831
51,162
Federal
notes
on
its
1946
March
endea
Operating
50,600
$11,522,823
taxes
Other
of
391,627
441,300
for
all
Interest
Expenses
Other
Output
available
6,137
income
Interest
week
companies
15,543
Provision
all
CONSOLIDATED
Others
ft
en
p
sales,
retired
year
a
prodSSS?of is":
ago.
$3,898,226
343,378
interest:
from
Total
an
New England Power
1945
1946
$11,500,617
The total sales
approximately $6,000,000.
With part of the proceeds of
of the shares of the 4 Vz%
convertible preferred stock
were
called for redemption on March 7,
1946, at 105 per share and
accrued dividends amounting to 84 cents per share.
The holders of
1,202 shares of preferred out of a total of 19,639 such shares out¬
standing exercised their right to convert the preferred stock into 8,414
shares
of class B
common
stock.
In
April, 1946, the corporation
COMPANY)
Others
Income
above
(PARENT
high
a
securities, and most of its government bonds.
aggregated
such
dividends:
Subsidiary companies
Electric and Gas
of
INCOME
OF
years
from
equity
formed.
was
STATEMENT
early part of the year, when prices of securities had
level, the corporation sold some of its holdings of
during -the
reached
this
System
Income
that
from
If
shs!
common
new
the
benefit
System.
$22 425 oon
'^a'uuu
upon
the best interest of the customers of
in
will
Outstandins
$22 425 000
of
authorized
issuance
financing
Authorizeti
20-year sinking fund coll. trust 2%%
bonds, series A, due 196V
<
15
total, $4,472,796.—V. 164, p. 2056.
preferred stock,
earned surplus—
1945 f
1946
,1947
©ross from railway*,— $10,270,023
Ndt from railway——
1,733,117
Net ry. cper. income-*,1,139,253
February—
1944
1,706,121"
.
{©ross
Wet
Wet
rai.way—
income—
oper.
ry.
23,159,203
23,363,560
5,679,903
3,240,741
19,717,814
3,490,406
2,223,575
21,587,813
3,879,L'36
2,380,960
railway—*
from
from
6,805,122
3,275,697
on
a
ing the provisions
temporary form
in
(Del.)—Weekly Output
Northern States Power Co.
^
the week ended March 29, 1947,
totaled 55,038,000 kwh. as compared with 46,786,300 kwh. for thei cor¬
responding week last year, an increase of 17.6%.—V. 165, p. 1<32.
fractional
from
RR.—Earnings-
Northwestern Pacific
from
Net
Net
able
1944
$476,201
$476,101
shares
*98,172
86,435
91,025
12,211
*150,660
36,329
48,126
1,027,850
201,450
66,786
626,575
1,024,109
924,029
forfeited to it by
*200,852
218,092
126,905
127,404
33,846
to
income—
from
rai.way
Net from railway
Ndt ry. oper. income—
—
"•Deficit.—V.
City-Ada-Atoka Ry.—Earnings—
February—
from
Wdt
from
Net
ry.
i
;
railway
income—^
'
m Jap.
From Ja^>:1—
>
n©ross
Wet
from
from
JWt ry.
-*V.
V
1945
$130,042
$107,112
69,398
50,000 ^
Acquisition by the Chesapeake & Ohio Ry. and, through that
by the Alleghany Corp., through merger, of ownership of
the vessels of the Pere Marquette Ry., authorized under the Panama
66,969
84,986
116,177
29,642
41,222
55,537
'v-
Canal Act.'
to's with
:
■
'
'SEC—,
:
.
■
50,000 shares ($20 par) 5% convertible cumulative preferred and
unspecified number of ($1 par) common shares into which the preWroretf is convertible.
Underwriters, P. S. Yantis & Co., and H. M/
.•BJillesby & Co., both of Chicago. Price at par. Proceeds will be added
Jfc» -working capital.—V. 163, p. 2162.
•
1
,
.
.
Oswego Falls Corp.—Preferred Stock Placed Private'
;
""
-The' electric
output
:•
"
:tfnd
registration
statement
(No.
cov.-ring 600,000 shares of
Mtairch
26.—V.
164,
filed, with
6722)
stock
common
The
Sept.
Co.
&
Cohu
&
this" company
of
10.2%
or
Crowell,* Wiedon & Co.!—
Mackubin, Legg & Co.—4
,.
•
week
...
,
1946.
-
3
at
5,000
5,000'
5,000
Newhard, Cook & Co.*
Sills, Minton & Co., Inc
Stix & Co.——
"
Van Alstyne, Noel & Co.—
Georgq ;p; -JB. .Uonhright
5,000
«
1
5,000
5,000
&
.4.000
4,000
Co.*—_
r
.
4,000
4,000
4,000
■
Nashville Securities Co.—
Brailsfokd & Co—
6,000 > Herbert W. Schaefer &' Co..'
W. D.; Gradison
6,000
Taussig,. Day .& Cd4 Intt.iG. Brashears & Co.—_"—5,000 " - Towhsend,- Dabney &
C. S. Brown dp • Co:_
■
5,000 <
Tyson
FeMsn &jCto,—-^-S,000-' .'.G.'T,/.Winiam$.!fc:C<>., Iflc.
-V. 165, p. 1771.
" - ;
6,500
4,000
4.000
4,000
4,000
—
4,000
.
a
siiirres
^
of
.
y
5,000
Co.—
&
jMitSoh, "Moraw
7,500'
Cruttenden & Co.——__i
;
...
to
'No of.Shs.
9;000 ^
8,000
:
'8,000^y*v.Draper, Sears & Co
8,000 r Robert Garrett & Sohs— '
Westheimer apd*G0._—*_>.
Kermin, Fotheringham .«
;and Co/lncU*,——^
the
for
of
-
Metropolitan St. Louis Co.
10,000 '
Sons^*
T:.V *V
Friedman, Brokaw &
Samish 'i———
Hlrsch
10,600
Maxwell," Marshall.^' Co.*!
subsidiaries
and "its
tlie corresponding
over
number
agreed
S
'16,000
"10,000-
Torrey——
"A< G, a Edwards
9 00,000 shs.
the
respectively
V? 7,Xr'i
;
20,000
BuckIey;Brothers>,«i^^«
:
special meeting held .on. March 31, voted to
incorporation as recommended by directors to
cumulative preferred stock at $50 par; and
an: increase in the authorized common stock of $2 par from 1,000,000
tof 1;500,000 Rharcij.' ";
-,i • -
:
the SEC
stockholders,
authorize: 75,000
(par $1) was withdrawn
1330.
p.
v."'*No bt Shs;
Walnwrlght
have
;
.
CO. Inc.—
30;000
Clucas & Cb.___r:^ 30,000
CoL____- - 25,000
C,
Outstanding
and
amend the certificate of
'
JWIithclrawn—
The
the
Eberstadt &
W.
H.
'"OW®5* Inc.—Capitalization Increased—About
of New Convertible Preferred Stock
May Be Offered to Common Stockholders—Earnings—
v
-m
■
F.
46,000 'Shares
Registration Statement
—
..'/I,
underwriters
they
Sutro &
-
1
Corp., Ltd.
follows:'
'
Authorized
•
i
'
IPetlinsiilar Oil
are as
which
.
12,668,000 kwh;,
—V. 165, p. 1771.
■
'
of
stock
common
E.
^
week-ended-March 29, 1947; amounted .to 137,405,000 kwh., an increase
and coiiatttidfttfhstMiiklhi;;
jftmd 5% bonds, series A and series B, have been called for redemption
May 1, next, at 102 and interest.: Payment'will' bermade at any
blanch of The Royal.Bank of Canada
(Yukpn Territory excepted)..
■
* purchase
.
.
of
the
of
names
Burns, Potter & Co.—„
-
p. * 1636.
approval
agreement upon
"
merger
165, p. 1773.
shares
of
,
900,000 shs.
UNDERWRITERS^—The
Philadelphia Electric C<h—Weekly Output—
■
160,
the
boards of directors,—V.
two
\
.
1.
of
be
also .of
and
Michigan;
,
of
—Wi
fabrics and rubber bands.
CAPITALIZATION
stock (par $2
Common
Mr.
Bowman stated that
each.
class of stock, of the two companies had approved the merger plans
'
tt their meetings in; the spririg of 1946 and that this approval meets -;
all of the requirements of the statutes of the States of Virginia and .
*
Uy-rThe; -corporations-it was- announced
$ftaced privately ithrough'Hornblower & Weeks: an issue
23,000 -shades ofcumulative ^eferfed^^^cfc'
<(§jar.$100X. The major part .of the proceeds will be used
tfo increase the company's working ^capital and'to ex?
Jiaind its manufacturing faciHties.-^V. 165rp/1732.
effective until 40 days from April
the holders of a substantial majority
not
will
order
sion's
■
'
-
;
both roads, stated that the managemeht of the two companies would recommend to the boards of
directors of both companies at meetings to be held shortly that the
merger be made effective at the earliest possible, date.
The Commis-
far
i,;.'thd *cut4ttinidiftf iirst
exuole insulation- tape; coated
-
Bowman, president of
Robert
,
Y»ja
'
'
-
:
TThc company on Mar. 31 .filed a registration statement with the SEC
liPacifid'"Powcr &-Water Co., Ltd.^Calls 'Bonds-^
-
-----
are
Co
HISTORY AND BUSINESS—The company, a Massachusetts
corpora¬
tion organized Jan. 10, 1922, is a manufacturer of plastic and rubber
specialties which are distributed widely in this country and also so d
lor export.
It does not make automotive tires or tubes.
Its plastic
division, started in 1943, is now its mpst important,line,
in addition
this division supplies a large part dr the plastic > film used by the
sundries division of the company in a wide variety of waterproofed
articles.
Other important lines are rubber soles and heels sold to
shoe manufacturers; electrical, friction end rubber splicing tapes and
Authorized the acquisition by the Alleghany Corp., through the
Chesapeake & Ohio Ry., of control of the properties and franchises of
the Pere Marquette Ry., and of its interests in subsidiary or affiliated
companies and in leases, operating contracts, and trackage agreements relating to operation over or joint use of the railroad lines of
such companies and of: certain other carriers.
•
'
Louisville, Ky.- -Regis-
'Old Pofndexter Distillery, Inc.,
/
Co
(4)
1320.
p.
-
are Old Colony Trust
Bankers Trust Co., New York, and the registrars
Bank, Boston, and Central Hanover Bank & Trust
and
York.,
New
;>
company,
"
232,977
185,918
364,868
285,308
1320.
National
First
(3)
.'
-
'
24,822
income
'
A
165, p.
1,153,152
465.276
394,672
transfer agents for the common stock
The
Boston,
as
.
25,961
y
;263,589
147,454
railway..
165,
.
7;
1
"•
148,237
railway
oper.
•
11,989;>1.17,628 '4
t
1944
7
-1946
$83,474
35,146
1947
$61,727
23.152
■
railway———
op(?y.
stockholders dissenting from the merger, the proceeds
expenditures; (i) to assume obligation and
primary obligor, in respect of the payment of the prin¬
and the interest or dividends on the aggregate amount of
indebtedness of the Pere Marquette Ry. outstanding on the date of
the merger; and (j) to assume obligation and liability, ;as guarantor,
severally with other proprietary companies of the Toledo Terminal? '
RR., in respect of the payment of a portion of the interest on $5,- ;>
800,000 of that company's first-mortgage. 4%%* bonds; all in con¬
nection with the proposed merger.
•
1319.
165, p.
'Oklahoma
'Gross
*315,523
12,674
23,836
in
used only for capital
be
liability,
cipal cf
223,206
166,777
income—
oper.
An additional 15,006 shares of outstanding common stock
(included
the legistration statement) are proposed to be offered by
April 30
1947, by two of the selling stockholders to a limited number of person •'
These shares have not been underwritten.
for scrip certificates representing such shares; (h) to sell at
not less than current, market prices, but
at not less than par, all
shares of its capital stock which, or the rights to which, have been
change
From. Jan. 1—
Gross
Vk'io
of
1,301,297
195,098
147,317
stadt & Co., Inc.
(g) to issue from time to time certificates for full
convertible preferred stock and common stock in ex¬
periods;
scribed
$286,922
75,996
railway
oper.
ry.
•
1945
618,936
$57G,890
Plymouth Rubber Co., Inc.—Stock Offered—F. Eberand E. W. Clucas & Co. on April 1 of¬
fered 300,000 shares of common stock ($2 par) at
$13 50
per share.
The issue has been over subscribed. The
shares which are being sold by the selling stockholders
and no part of the proceeds will accrue to the
company.
for
the
its
1946
1947
$482,024
966,430
railway--
from
ry.
*Deficit.—V.
Marquette Ry. into stock of the Chesapeake & Ohio Ry. and
the conversion of the latter's 3 Vs'/o
convertible preferred stock
common stock,
scrip certificates in bearer form, exchange-,
ior full shares represented by such certificates within the pre¬
Pere
into
February—
•
Gross from railway
Net
of article VI of the merger agreement; (e) to issue
certificates for shares of stock to he exchangeable
certificates;
(f)
to issue, in lieu of certificates
shares
resulting from tho conversion of stocks of
5,434
23,3,492
196,868
railway—
from
Net
holders of certificates for common
to
issue
definitive
for
lEJeetric output of this company for
to
the Chesapeake &
01
1944
$671,702
*273
From Jan. 1—
Gross
Ohio Ry. outstanding cn the merger date,
sliare-for-share basis, new certificates of its common stock bear¬
stock
~^V. 165, p. 1319.
(d)
stock;
preierred
1945
?:
$277,044
102,037
78,257
income—
oper.
ry.
1946
$469,696
—
'
Net
;
1947
.4-
railway
from
Net
'■
from railway—-
Gross
the
3,649 ,,009
From. Jan. 1—
February—
capital stock issuable in conversion of the shares of stock of the
Pere Marquette Ry. held by the Chesapeake & Ohio Ry. on the pierger
date, the proceeds to oe used only lor capital expenditures;
(C) to
issue from time to time not exceeding 338,287 shares of additional
common stock in conversion of the 211,429 shares of 3Va%
convertible
$11,735,377
$8,873,644 $11,185,428
2,651,715
1,131,079
684,022 ; 1,581,662
Pittsburgh & West Virginia Ry.—Earnings—
and $7,806,805 of coipmon stock (par $25), in conversion of all the
'outstanding capital stock of the Pere Marquette; (b) to se.l at not less
than current market prices, but at not less than par, all shares of
Earnings— #
Northern Pacific Ry.
Monday, April 7,1947
FINANCIAL CHRONICLE
THE COMMERCIAL &
' NO TE-rFor* mechanical, reason#r if is not
possible to arrange companies in exact alphabetical
-
.
border*1:rffloweiMfiXhey^are'imiwaya, •»^near^alphabetical;
•
.
*pasitipnrSt7:P^Ssibhir^ %
The action was taken to permit the directors to issue approximately '
46',000 shares of convertible preferred -stock about the middle -of April-,
;
.
*K'> T
market
!Penn Elective ISwitch Co.—New Loan—Subsequent to
"
ISDec; 31; 1946,vtompany>arranged for-a $1,000,000.10-year
siswisX loan; fi^nv?uti issuanee chnipany. Proceeds wiirbe
wised to retire a $400,000 bank-loan and for general cor-
3»rate purposes.—V. 160, p. 50.
" '
conditions and
other
factors
being satisfactory, Walter H.
Wheeler,• Jr., President, stated.
The-expected offering will be made
Tii;st to. common shareholders, under transferable rights, he said.
The company made its initial filing of a
the Securities. and Exchange Commission at
It
;
underwritten
Boston
Pennsylvania RR—Earnings—
From Jan., l-rHWt
..
railway——
railway—
iNWt ry.
127,849,382
11,758,944
8,725,674
*2,784,417
960,892
,
or .57
after
27,994;466
37:809.504
14,323,142
OF REGIONAL
Feriod End. Feb. 28-
$
revenues-i-*
of
6,965,897
15,687,130
1,111,025
Transportation
34,6o'J,971
operations...
ry.
insur.
retirement
®quip. rents
J8L. laciL
taxes.
1,177,138
1,075,799
375,207
185,070
151,483
V-
5,465,462
.1NQTE-—1946 expenses
-
•
and
V
payroll
'
"
*1,672,8*54
taxes
30,235,246
ry.
railway
railway
oper.
'FromJan.
•©ross
66;380,063
3,287,771 :
3,199,631
68,622
53,480
46,218
25,249
55,237
36,677
18,608
375,222
277,896
227,711.
274,807?
139,953
95,540
55,515
97.050
Mines,
108,411
76,438
39,965'
80,881
7
of
the
trust
Net
from
2,354,276
2,257,028
2,634/036
,314,001
Net
ry.
-
&
^
m
Pere
1946
$70,677
1945
$86,533
139MA
176:995
196,404
-
$617,723
*133,383
'
5
1945
$729,225
Gross
Net
•
10,314
1,580
*6,197
♦17,781'
*26;114
*402,-676
*302,314
; *173,401
L318.079
1215,371
1,425,898
*354,407
; *772,0.1.6
*379,583
*74,906
*715,804
*428,681
from
from
*1,290
9,954
*2,943
railway—
railway
when
-
income.!-
N.
Ohio Authorized
'^C on AprI1
164,
p.
vae
<subiect lo conditions
1,385,074
44,036-
the
nation—actually
were
sold
ended
to
March
p.; 1595.
•
management
Corp.—Output—
This' cbmpany 'has arranged/to borrOwmp to .4m1 additional
from the 11 banks which participated in its 1^3 loan.
■■
•
4
Harry W Find*
v.
-
Stock
for
Resaldv to
'•
..
r
The proceeds
at their annual ■ meeting" April; 18. will >vbte on* a"
ratify the purchase of 60,000 shares of common stock of.
the> companyi The shares would be resold to certain executives.—V. 165.
p. .1771.
.3■.■'.?
<■
X.X
to
be
.
oOirst;;m(wtgaga 3W»%-bonds^
.01 llie
.
..
secured by;eepos«
1
•-
Prank
MbLaugtttih; President; told stockholders that subsidized P«»'
coftipetitiCn forces electrid rates down too low, reduces earn ns
capacity, impairs credit and makes it difficult for the company
Qaajntain;%$pund'capi^al-strvicture.
•
.
..
,.
.
*
McLaughlin*stated that in view of existing conditions the m
Puget stockholders would best be served by a sale of tbej prope y
to public power
agencies at a fair price.
"There is no senseMnj®".
ing on a futile ideological battle to preserve private enterprise
power if the people are determined to have public power ahdrwhei
_
doing, can lead only to a sacrifice of the stockholder's invesomeni,
Mr.
est of
_
Pittsburgh Plate Glass Co.—To Expand Plant—
f
Construction of
$385,000 addition" to"the ."Duplate. department at'
Pa., plant will be started early this month,??
announcement by Richard B. Tucker, Executive Vicea;
the company's Creighton,
100
according to
•
and
'XXV
'
"
$3,882,500
used to defray, a substantial port)on
company's'con^ruotion eosts durfng the next two years.
The loan will:mature-'April
are
power
■
proposal ->to
«i»ratJo.n..Yi• - "4
.
'
"*21 Gfanted authority to the Chesapeake & Ohio
Ry. (a) to issue not
uwceedtng $21,142,940 of 354% convertible preferred stock
(par $100),
in
its raining properties
The stockholders
>
*388,590
an
President.
Contract
"steel
and
for
construction
concrete
of
structure,
the
has
plant addition,
been
awarded
Co., general contractors of Pittsburgh, Pa.
istration approval was granted last month.
prescribed) authorized
of the Pere-Marquette
Chpaspeakft; ^.TOhio Ry. for/ownfership,
the road and
60,0001 Shares- of jits' Common
.
the.merger of the properties and franchises
..
sen
15'*
Piiget Sound, Power & Light Co.—Bank Loan—
April a! ceasodl to -exist a$ ail operating, unit; 41
freight-hauling line went into receivership.
Executives—'
Ry.—Merger, Etc. With Chesapeake
—
,
Elebtric output of the operating companies served by. this corpora¬
tion for the week-ended Mai*ch 29, 1947, totaled 222,508.000 kwh., as
compared with 184,202,000 kwh. for the corresponding week last year,
an Increase bt 20.8
%v-~V.; 165; p;
^
5 -Pittsbui^h.Consolidation CoalCo.-^PIansiOL.Rur chase
;
Y.—V.
shares,
1, -1950, >and is to be
sinking fund, $103,000 of refunding mortgage and
bonds, 3 V4 % series due 1964, at 105 and interest,
New York,
shares or
3
t
1320.
Marquette
J&y. into the
railroad
iey, of Carnegie^ Pa^rcoal operator; ior $lv505,00a.~--V. 165,
*164,588.
Trust Co., trustee
2961.
."
Toburn Gold
Ltd. stock;
a cash distribution.
In lieu of frac¬
Issued which would expire at a fixeo
date of issue, after which unclaimed
distributed to- those Ohtitlea to tne
Public. Utility.'Engineering & Service
~
Deficit.-
1 This
'8,372'
York
stock; 25 shares of Silbak Premier Mines,
of Saudi Arabian Mining Syndicate, Ltd. stock;
its
'
$724,762
:
"
,
Following the above distribution, the company proposed later to
remaining holdings and make a final cash distribution.—V.
p. 4089.- - ..
"
$112,784
.
submitted
-1 rejected" a: plan of liquidation
;
-
Ltd.
fractional
'24,865
*2,605
oper/ income
years to the day after the
The
receivfership^-Joldest
1
1944
583
management.
shares
231,348
17,886
4,592
-
Re¬
;
Mines, Ltd. stock; plus
shares, warrants would be
date probably four months from
shares" would be sold: 6iid -! cash
■
*10,120
•
9,461
j; *;'/.
Liquidation
Ltd.
capital stock of this- company Would receive 30 shares of
'
1944
$96,459
"4,755
*9,121
railway.*
'Net ry. oper:
-824,869
*
the
.t.
United States
From Jan. 1—
234,614
: 1 c
*
Co.,
Big Bell
1947
■
National,
First
majority; was lieeessary to put ;£he plan Into effect. Of the
1,988,889 shares voted at the meeting, 1,475,366 shares voted in favor
of the liquidation, but this was 16.304 shares short of the 75% needed.
The plan of liquidation provided that holders of each 100 shares 01
Pittsburg Shawmut & Northern RR.- -Earnings-^
February—
Gross from railway
8,618,824
.
^
the
are
Mining
Gold
Oct. l,
Interest and mature serially to
!
A. 75%-
'
From Jan. 1—
revised-account ?t>f 'railway
1946
payment will be made at The New
Broadway,
by
57,636
-
'■
,
banks
stockholders'on April
The
1944
$140,372
Pennsylvania Water & Power Co.—Partial
Redemption
?The company has -called for
'redemption :on April 30, next, for
collateral
jected—
1945
1
l—
railway*—.
"Wet from railway——
WeJt ry:_Qper. income. ...;
a®count
\
Premier
-Earnings—
,•
...
'Natiohal^a^d^Banl^ pfrC$lifornia.^V. 165;1234!
$111,353
from
2% %
carry
Portland
tional
Seashore Lines—Earnings—
*197,795
from
165, p.
will
three
The
1946
y
$636,235
—
income...
*Deficit.—V.
notes
■1951.'-
2,192,119
*2,924,851
i■ 5
1947
■
from
Wat
-
$134,636.
'
railway.—_
Net from railway—:
Net Ty;' "Oper,.*• income*—V. 165, pp. 1234, 7i4. -
..
f y ■
PeiinsyjlyaiJia Reading
February—•
from
The
-
reported.gross
1947
from
Gross from
-
Wet
a
cents per share, earned during the full- fiscal year ended
1946; 'equal to T7o of that year's gross income of $7,227,724;
carryback credit of $925,000.—V. 165, p. 1771.
-
1
'Qboss
of
.'v;
WWge awards.—V. 165, p. 1459.;
-
9%'w
$187,429
,!■
14,211,164
11,649,238
6,163,000
2,196,750
4,204,207
1,610,781
399,351
1,256,368
670,724
(JDr) "1 U.
■"■Deficit.
2,363,131
2,035,894
-
(Dr)—
rents
1,585,085
1,607,500
1,061,662
taxes*.
Fet ry. oper. income^
•
1,134,262
31,536,035
3,082,000
tEPnemploy.
'''g"
14,153,765
32,477,162
2,186,264
70,618,125
2,832,212
3,022,424
14,436,556
3,569,888
op.
Ifty. taxes
BBR.
6,851,848
1,522,544
from
$
59,514,417 136,939,190 128,124,818
1.317.970
'General
rev.
to
railway*—.:—
Net ry. oper. income
and
way
-
equipment.*.
'Traffic
(Net
equal
.
company
railway.—:;
Net
1947—2 Mos.—1946 '
$
64,855,425
Structures
■
and
r
February—
RR.)
1947—Month—1946
v
3)ttlsc..
outstanding,
service."
gas
The
First •
16/966,958 *
SYSTEM
(Excludes L. I. RR. and B. & E
of
the
tax
a
Gross
Mteint.
by
-
;:]PittSjbnrgi( Shawmut RR.
oper..
'dohstfuctTaddklonai facilities: "essential to' the rcontihuity of
*
'
'
'J
told the Commission its present facilities do not have
adequate capacity to meet the projected demands in the coming winter.
Failure to install additional facilities promptly may result in thousands
of customers^ being'without service during periods of only moderate
cold weather, the petition added.
V
." ];; /;
? ; :
its
'
EARNINGS
flffiftint.
Shares
March 31,
159,468,702
^Deficit.
®jy.
headed
group
Co:-^eeks Bank Loan—
appliea to tne Securities and Exchange Commis¬
to borrow $2,500,0eo fjoni "three Portland, Ore.,
banks Ip
..The.tehjnopths!.ne4 income Is after taxes;
432,
151,021,373
-
banking
^nCOme Of'$7,608,671. •
-.••v
136,758.493
inctme..__
oper.
'
.■
.
Corporation.
common
-
-
^.
from
from
Investment
an
company has
for
authority
sion
.
of. preferred-stock will be
At the same time, Mr. Wheeler reported net Income for the ten
months ended Jan. 31 of $732,501, or PO cents for each of the 917,007
February-— ;
1947
•
1946
1945
1944 •
from railway**— $64,776,600 $59,386,967 $74,737,712 $79,935,409'
TSWt from railway..*—3,646,869
2,435,008
15,260,421
19,724,455
IPRtt ry. oper,
income—
*3,372,715? *1,586,653
7»731,629
9,236,098
*cm)ss
tfSttoss
by
The
registration statement with
Philadelphia oh March 27. "
that, the planned issue
announced
was
-Pprtlahd-Gas-Coke"
-
a
to
three-story brick
the
Mellon-Stuart
Civilian Production Admin¬
"Despite capacity production of Duplate. a laminated safety glass,
this company has been unable to meet mounting aemands of consum¬
.
g
ers,
•
^principally the automotive industry," Mr. Tucker said.
Barring shortages of building materials, the new addition should be
completed within nine to twelve months.—V. 165. p. 1459.
he said.
He said that it is estimated
for 1947 that
net earnings1
parent company, after interest charges of about. $4,500,000 will oe -.
sufficient to pay off $1,125,000 of the 1943 bank notes, about' $1.00U,
of additioUal Federal income taxes for the
years 1944 andi-1945, P
preferred dividends of $687,500 and dividends of 20 cents quariti y
the
on
stock.
common
Tt -is not
,
•
-
■
..
establish a definite div
payments m»
approved by the Department of Public Utilities of the Stare 01
ington on the basis of the conditions existing at the time _cf dec
•tion.
The Department has for some time past been objecting 1
amount
of common
dividends the company
has been paying,
policy
or
possible for the company to
annual
rate
because
McLaughlin said.—V. 165, p. 1772.
'
'
■
*
*
*
dividend
common
(Continued
.
on page
/
52)
h-
<
Number 4583
165
Volume
THE COMMERCIAL &'FINANCIAL
CHRONICLE
(1873)
Stock Record
New York Stock
«»
DAILY RANGE OF PRICES //
YEARLY RANGE OF SALE PRICES
'
Exchange
WEEKLY VOLUME OF TRADING
FOR EVERY LISTED ISSOE
•
LOW AND HIGH SALE PRICES
Saturday
.
Monday
Mar. 39
Mar. 31
Apr. 1
lp?r share
8 per share
f per nhare
*71
72
*90
105
8%
*47
71%
8%
16 W
*48 %
*9l/4
157/8
48%
*47%
V
!'V
109
*98
4
106
19%
42%
175
21
*33%
33%
36%
41%
175
33%
62
421%
*101
197/a
175
20%
33%
36%
36%
101%
101%
36%
36%
37%
97
36%
97
967/s
19%
33
35%
*101%
36%
97
96%
37
36%
97
96%
Mills
Stores
28%
*27%
28%
27
7%
27%
7%
*7%
7%
52%
*50%
52%
83%
81%
81%
80%
80%
40%
40%
40%
41
41
*50%
52%
*50%
*80
7%
52%
81
41%
1,500
81
81
41%
*40%
10%
10%
10%
10%
10%
11
*76'%
79%
107/a
79%
11%
79%
10%
11
79%
79%
78
78
27%
78
*27%
28%
78%
27%
74%
27%
*74
74%
74%
74%
*14%
14%
27%
27%
*74
27%
74%
*14%
*74
15
*13%
•
43%
43%
*125%
126%
125%
6%
6Vb
14%
42%
*92
187
187
51%
110%
110%
24%
50%
24%
109%
'•
24
IO91/4
6V4
*108
24%
24%
*107%
109%
153
25%
25%
22%
*99
25%
25%
22 %
*99
39%
101
37%
25%
*24%
1 1
22%
99
*99 *
*36%
*15%
161%
15%
15%
*15
18
18
18%
21%
21%
*94
21%
96
•41%
/
*52
7
54
28%
:
94%
*94
96
42
42
*42
42%
7
7
7
42%
7
*52
67/8
109
109
20%
8%
*106%
53
53
53
27%
27
112
9
112
11%
11%
11%
13%
*106%
*11%
*13%
131/a
13%
13%
13%
26
13%
*n%
26%
25%
26%
25%
25%
25%
*113
25%
25%
114%
11%
U%
*13%
*113
11%
114%
114
11%
11%
114
115
115
300
*112%
1,200
i Monday
Mar. 29
Mar. 31
8 per share
*23
11%
99%
11%
31
23%,
31
*138
23%
*11%
13
*12%
37
*35
4
11%
13 '
4:
147%
122%
121
110%
109y8
15
*177
151/8
:/■
180
.
34%
13%
13 7/8
19%
20-
39
57%
*37%,
56%'
57%
167%
♦166%
38%
38%
*145
3.9
*145
33%
*27%
167%
39
150
33%,
57%
167%
/
13%
."•"
56%
Xl67
*46%
•
38%
33
26%
27%
23%
23%
42
42
*42
146
146
*145
48
i
23%
46%
4.
46%
45%
165%
165% 165%
*72%
74
165%
164 7/c
.
73%
.
73%
14%
12%
*35
•
14%
106
13%
72%
14%
13%
105%
13%
*19%
13%
20
*37%
39
56%
56%
39%
167%
38%
150
150
33%
56
*147
33%
74%
74%
*158
73%
«
159
74
72%
159
158
.1
158
118%
47%
17%
16%
17 Ve
*105
105%
35%
*84
103
09
a%
69%
-40
40%
*59
43
*109%
50
•;/;
110%
33%
99%
80
37/a
70
36%
101%
w
40 •>r
80%
2,600
Stove
American
Sugar
46%
165%
9,100
69%
70%
660
*118
105%
.T>U,
341/,
97%
81
78
39%
;
109%
49%
49%
*49
49%
16%
16%
16
16 %
40%
16
*15%
15%
*15
51
111
111
*49
48
111-
.
35%
For footnote.",
*15
•
17
*5%
5%
5%
5%
35%
35%
*35%
36%
♦49%
*
46%
;:
111
see
page 27
49%
,
»
*5%)
,,,
%
49%
1
'36%
115
15%
48,400".
1,100,1,200
■»"
10,900
51
30
300
/
111
5"% Jan
50
90V8
Jan
12 %
7% Feb
3
99
193
30
Jan
Oct
64%
*137
Apr
17%
Feb
Oct
106%
Jan
210% Mar
36%
129
-8
Mar
Nov
May
5% Oct
3
15
184% Mar 21
45% Jan
5
Feb
133% Jan
16
17
79
184
Dec
54% Feb
19
1
28
Jan
115% Jan
72% May
Oct
132% Mar
Nov
104%
Sep
150
141.<
Feb
156
120
Sep
164%
Jun
17%
Oct
34%
Apr
20 %
Sep
20
Feb
Mar 12
Jan
Jan
9
26% Feb
13
7
4
20% Jan
16
24
95% Jan
22
102
36% Mar 25
46
5% jan
-
Feb
Mar 12
Jan
.
6% Feb
7
Sep
11%
6
16% Jan
31
13%
Oct
23%
Jun
20% Feb
17
17%
Nov
28%
Aug
14 %
Jan
Mario
6% Feb
104% Mar 20
5%
5%
8
115% Jan
6
25% Feb
8
18
907/8 Mar 17
101% Feb
1
I
36%
1st
American
Jan
38% Jan
1
90
6% Mar 15
3% Feb
Sep
Sep
Anchor
5%
Oct
44 %
Oct
63
31%
Dec
10% Jan
24
35%
6%
Sep
7
99%
J,an
9%
Sep
106
24% Jan
106% Mar
4
14
13
113
12% Jan
2
14
Jan
30% Feb
;Mar 13
116
31
18
10
Jan
22%
Ul
9
80
$4
27% Mar 24 D
200
v
A
300
P
W
28
Jan
Jan
6
101
21%
9
Jan
15
98
12%
Feb
7
23%
Mar
27
133%
Dec
140
14% Feb
7
II
24
34%
24
10%
129% Feb
21
Jan
117% Feb
21
97%
88%
11% Jan
13
114
Jan
13
102'
Jan
14
Jan
13
17
Feb
7
176
Jan
21
177
Feb
7
.
16
27%
95%
20
39% Feb 24
33
Sep
Sep
Sep
52
Apr
73%
Jan
150
14
Mar 14
60
Jan
169% Jan
40
Mar 14
158 K
10
45%
165
6
M£(r
6
30% Jan
13
37 /
Feb
8
Jan
22
28
23% Apr
l
160
/
27%
Nov
50%
25%
Dec
43
24
Sep
.Tan
2
38%
Oct
3
146% Feb
24
54% Feb
11
164% Mar 11
70% Apr
3
174% Feb
4
82 % Feb
5
2 %
3
Apr
138
;
84% Feb
5
3
162% Feb
18
50% Mar 26
58% Jan
3
48%
Oct
78
May
116%
Sep
121
Jun
13%
Oct
28%
102%
Sep
110%
Feb
-29%
Jan
70%
Jun
Dec
182%
Jun
Jan
76%
^
150
:
,
Woolen.
No par
26% Jan
16
50% Feb
13
93
14
110% Feb
13
100%
103% Feb
13
87 %
78
1
3
Apr
8% Mar 20
65% Mar 11
37 % Jan
45 % Jan
15
12.50
42
109
fjo
-
; July ;
105 %
Dec
Jun
Nov
7
Sep
64
Dec
5
35
Oct
52% Feb
17
*41
Sep
Jan
4
38
Sep
62 % May
111% Mar 10
108
69% Apr
42
;
51
7
Mar
15%
v
90
Jan
May
51%
Feb
V; 60%
Jan
,
Jan
2
Dec
xll4% Mar
16
52% Feb
8
43%
Jan
*64% July
15% Mar 12
17% Jan
6
15%
Oct
27% May
Jan
29
13%
Sep
24%
Feb
6% Feb
21
4%
Nov
10%
Fpb
15
rtrr
100 % May
174
46% Jan
10
20
/
Mar
,
Oct
Sep
6
1
10% Jan /
-
22
No par
fcrphAr-nDnlPlR-MMlorxi
Jan
25
5
Jun
99% May
Oct
3
153
30
Inc
67% Apr
200%
3
106 Ye Jan
Co
Jan
159% Nov
73
Feb
May
Jan
9
4% Jan
20
33
Mar 11
i,
16
^>0
Fa*
»
38% July '
58% Feb
158 >' Apr
Sep
47%
13
Products
Apr
Apr
7
x45
Feb
50% Feb
172
10
102% Feb
Mining
191
i
Feb
No par
Copper
Oct
Dec
1 Jan
-
Aug
33%
29% Jan
44% Mar 17
Apr
69% Apr
-
34%
5
Jan
•
preferred
21%
108% July
Dec
19
2
Corp
Feb
14%
4
13
Co
Feb,
Feb
42% Aug
24
3 :-
No par
23
186
10
11 ;
,
Nov
Jan
22% Feb
Feb
No par
Jan
16% Feb
Jan
preferred
Jun
109% Feb
36
iilOO"'
Apr
22%
133% Aug
123% Aug
24
164
._100
'60
18% Mar 25
52
No par
I; 17% July
13% Mar 25
34% Jan
100
■
Nov
37% Feb i 7
32% Mar 14
104% Jan
12%
*173%
Jun
43% Jun
163
July
Sep
_No par
No par
Jun
25%
Sep
16% Feb
106%
■
Oct
39% Feb
25
&
Jan
45% Mar
Oct
12% Mar 20
25
Oil
Jun
May
-
Highest
Nov
34% Mar 20
142% Jan
Clayton
Jun
$ per share
Nov
3
32
15
Corp
119
Oct
15% Feb
3
Mar 15
40% Jan
preferred
Andes
134
Mar 10
100
Ancterson-Pricnard
100
20
14% Jan
Anderson,
Sep
I per share
No par
1,800
-36%
11
No par
Cable
•
May
16%
15%
44%
Year 1946
S per share
119% Mar 13
18 % Feb
8
2,700
Nov
Lowest
9
3*%
15
1 per share
98% Apr
Refining
&
118
Range for Previous
Range Since January 1
Highest
26
Glass
Jan
Nov
18% Mar
11% Mar
116% Jan
Wire
Jan
3
8
Jan
& Teleg Co——
Hock
Jan
10
10% Jan
12% Jan
Anaconda Copper Mining——00
Anaconda
May
55%
12%
53 % Feb
100
conv
Apr
118
x34% Jan
1
class B
prior
44%
16
Jan
Nn*w'
Conv prior preference
Amer Zinc Lead & Smelt
Feb
129% May
Oct
26 a Mar 14
49
*i
Sep
/
37%
42% Mar 27
13
No par
Preferred
45
Oct
100
13
No par
Elec
July
15
No par
&
Jun
75
16
5
1Q
San'y
Tobacco—
Jan
108
16% Jan
1
com
Jan
32 %
97% Dec
41% Nov
6
19
-100
40%
15% Feb
.
Co
Wks
Sep
G
J
Water
$6
.
Feb
109
—No par
51
'7
v
Am
200
.46%
"1,5%.
36%% 36%
13
110
preferred
100
American Viscose/ Con).————14
5%
preferred
_100
800
40%
103%
:
13
,
107% Mar 31
6%
?00
.
49% :•
16% .16%
*15%
16%
*5%
5%: J
13
jan
41% Jan
125% Mar 21
No par
'
8%
67%
-
|i
77% Jan
17% Feb
Nov
Tobacco
Common
7,200
78
*8%
*46
Jun
Nopar
Piglits
90
f.
98%
67%
*49%
Dec
Jun
88%
"
105%
8%
46%
74%
45 %
Oct
No par
100
Foundries
Sumatra
American
2,200
17
69%
50
Apr
21%
'
53
119%
16 7/8
Steel
Amer -Telep
12,3111)
158%
Am
117,700
8%
X46%
Jun
19%
96%
Preferred
300
*67%
,50
53%
Nov
100
Stores
8%
48
Nov
9
Oct
—.—>25
American
69%
*109%
Amer
2%
99%
39%
37%
21
91 % May
-
42
preferred—
American
8%
.40
6
11% Feb
No par
Snuff
non-cum
600
69%
39%
6%
800
37
80
44% Mar
•
1
Preferred
800
52%
105
35%
4
Jan
Lowest
Building Co
Smelting & Refg
American
30
70%
17%
*104%
50
*45%
49%
*35
•
39%
50 %
*47 /
83
8%
*68
.
140
900
157%
119
*99%
164
80
8%
*68
40%
105
Sep
Np par
Ship
Amer
24%
70%
2
;
52%
17
Oct
64%
Nov
-1—.-;„100V'
27
165
158%.
118%
44
29
72%
No par
Stand
Apr
29
8
Co_
Light
33%
*46%
72%
51%
&
Apr
75
Jan
84% Jan
57%
^.——,-100
27
71% / 72%
118%
n
41%
167%
150
*23%
165%
*157
52
&
12%
7
Mar
No par
Co
32%
!
73
Rad
Amer
3,400
.
300
118%
105
38
200
118%
40%
*104
400
42
118%
105.
2,300
148
*118
105%
13%
42
158%
50
Nov
39% May
Oct
25%
Rolling Mill
10
4%% conv preferred ——100
American Safety Razor
5
American Seating Co
No par
300
*145
51%
•:
106
42%
52%
16
95%
Sep
6%
7
American
8,400
145%
517/s
17%
33%
145%
51%
Power
Preferred
24
51
17%
*104(4
Am
13,600
27
72
Jan
73% Mar 24
1
Ltd
News
2,000
;
23%
72%
z
.
10
111
preferred
27
165%
8% Feb
Nov
July
62% May
91% Nov
25
Jan
108
7
—40
preferred
38%
*33
150
*46
16
STOCK
Molasses
$6
42%
45%
23
Nov
30%
4
Jan
Jan
Jan
Nopar
Metals
Co
$5
24
166
Feb
35
8% Jan 16
10
preferred
&
Metals
1,600
42%
148
99%
10
99
3
6% Jan
20
Fdy Co
cum
Mach
Amer
11,500
14%
56%
167%
38%
?
33%
27
*37%
&
American
19%
*19
'57%
167%
167
39% Feb
16
Apr
29%
39
63% May
°
31
100
American
300
FRIDAY
180
33%
108
39
102% Mar 27
Dec
16
—Nopar
of
6% preferred
50
.
HOLIDAY
GOOD
14%
*177
33%
'
-
12%
37
14
180
33%
19:
*37%
•
27%
150
137
109%
*177
Mach
3.90%
70
121%
25%
:
137
109%
42%
-
*24
*42%
.*145 :
133
109%
106%
Amer
7,700
Amer
109%
147/s
18
18%
25% Jan
Par
Amer
110
337/8
Nov
EXCHANGE
500
13
180
Co
NEW YORK
1,900
121%
t
Sep
31 %
% Feb
Shares
98%
121%
*145
33%
33%
28
-
150
-
98%
I per share
24
120%
*19
V
39
23%
121%
103
137/a
20
; *i9y4
*37%
• per share
14%
33%
■:
106%
105%
Sales for
14%
*177
34
29%
6
212 % Jun
28
preferred
the Week
14%
.14%
/ 180
33%-
105% 106
13%
15
14%
*177
34%
Friday
Apr. 4
110
110 %
7
39% Mar
34% Mar 17
100
Locomotive
120%
,
7
35% Feb
16
par
American
11%
37
22% Feb
Jan
July
Aug
26
Oct
Mar 26
1
Gprp
31%
*35%
8
113
17% Oct
154
23% Mar 14
preferred—
11%
*12%
3
27
__50
Invest
30%
12%
14
22;
180
No par
Internal
11%
138
Feb
93% Jan
—No par
non-cum
14%
••
122 Vn
110%
share
37
*35
122
•
12%
-
37
14%
140
Oct
103% Mar 11
Feb
Nopar
6%
31%
31
91%
ifi
Mar U
99% Feb
10
Foreign Power
Amer
Apr. 3
99
*11%
61% May
80
Tiling
American
Thursday
24
99
•
31%
*138
per
23%
11%
30%
140
*12%
V
99%
11%
;i40
,14%
*99
8
24%
31
31
*35
14%
23%
99%
*99
140
I per share
Jan
STOCKS
Wednesday
Apr. 2
Apr. 1
I per share
.23%
99%
Tuesday
38
31%Marli
No par
200
200
18
Jan
100
900
117%
48% Feb
24
18% Jan
100
3i%
4,500
Jan
30
No par
11%
25%
82
Nopar
preferred
LOW AND HIGH SALE PRICES
Saturday
Fdy
preferred
American Ice
112
Oct
17y„ jan
25
6% conv preferred:
American Home Products
5,700
9
Jan
52%
167
100
,
9
69%
1
l
preferred
American Hawaiian SS Co
American Hide & Leather
300
64% Feb
8%
14
Corp
$6
900
.
27%
*8%
*106%
100
13
97% Jan
_100
$7 preferred
$7 2d preferred A
1,600
53
27%
8'/a
-
Amer &
Jan
40% Jan 13
Nopar
——
Encaustic
Aug
Oct
,
67% Jan
;
Co
Chicle
American
Feb
10
Amer European Sees
American Export Lines Inc
500
20%
28%
27%
8%
*106% 112
108
54
28%
112
*.106V4
21%
*6%
54
1,200
5%
94%
8%
.
20
1,200 '
12%
51% May
103
Oct
56
_5<)
Colortype Co
American Crystal Sugar
4%% prior'preferred
Amer Distilling Co
stamped
100
20%
108
American
Dec
100
Can
conv
5% Feb
Sep
Nov
Mar
3%
38
Corp
&
3
5
25
90%
2
21
Feb
135
29%
1
Radio
Car
8
Feb
Oct
4
73
American
5,800
1,300
97%
/.. 28 L
9
5
5%
700f;
5%
21
42%
7
*52
28%
9
5%
&
non-cum
800
18%
108
*94
42%
'
5%
5%
1%
670
16%
18%
21
96
*41%
7
"
5%
*15
18%
108
21%
*94
41%
7
109
6
16%
18%
Cable
6% Feb
31% Jan
101
104
59% 'Apr
8
46
—
Shoe
18
Nov
.
Feb
Chemical-No par
preferred
Feb
33
44
50
pfd
1
,
13
No par
Corp
112
;
Jan
1
Preferred
10
37%
16%
Inc
10
3% Jan
33
No par
Am Chkin & Cable Inc..i
100%
37
5%%
'•
22% "
99
.
18
109
22%
X37
'
*17%
5%
22%
8
100
7Q0
1,200
153%
13
100
Cem
American
: f
Jan
Jan
Nopar
1,700
25%
154%
25%
Brake
Am
130
24%
25
92
Jan
38% Feb
15
5
.100
100
Bosch
American
109
Jan
Jan
5
conv
3
5
„i
preferred
1,000
50
109
6%
Amer
189
49
152%
*15%
109 %
50%
109
6
*107%
188%
x33% Apr
105
preferred
cum
4,500
109%
6%
5%
188%
Jan
20%
Airlines
American
200
92
24%
*5%
5
92
*107%
153
6%
5%
93%
Jun
41%
8% Dec
American Bank Note
2,300
6
24%
6%
5%
43
126%
1091/2
*
38
400
20
G
68%
Sep
io
Inc
Agricultural
3%%
200
24%
6%
17%
i/2
74%.
*107%
,
1531%
*22
101
38%
*125%
!
153
*22%
39%
50%
110
24%
152
100*
*39
187%
50%
107%
25%
*99
92%
187
50%
111
42%
6
Jan
24%
loo
Corp—.—
Petrol
American
2,100
>a
125 %
6
93%
187
50%
22%
22%
93
74%'
43
125%
6
107%
151
*25
93%
42%
126%
6
183
*110
*107%
*149
;
187
*50%
•
43
*125%
6Vt$
93%
14
42%
125%
6
94
14
43
Amer
62,300
*
on
Amerada
500
Feb
44%
gtd
Co
May
24%
1
Nopar
500
41%
Oct
Feb
x50
Feb
13%
6
Nopar
conv
30%
1
10
preferred
6%
13
17% Feb
19
10% Feb
Nopar
Amalgam Leather
52%
May
Nov
48% Feb
8% Jan 16 '
No par
&
Portland
169
8
37% Feb
Alpha
500
Dec
lQ5% Oct
16
1
Co
91
55
AUis-Chalmers Mfg
3%% cum conv pfd
2,400
7%
*51
4%
4,800
97
*27%
*40
-V
Allied
Allied
Apr
16
•
share
per
3iy2 Mar 11
Co__
7,100
61%
f
467/a Feb 19
Somn">n
Kid
Highest
share
per
Jan
1
preferred
Chemical
share
10
Industries Inc
Allied
700
7%
*82%
Allen
per
No par
Vicksburg Ry
400
28%
*50%
V
300
36%
7%
8
&
$
14% Jan
AYwnLLwd ?fc!:>CoIE—rj—Nopar
1,400
102
36%
45
preferred A.
loo
$2.o0 prior conv preferred-No
par
20%
33
36%
102%
S
«
Alleg & West Ry 6%
19%
33
36%
7
5%%
300
176
*101%
■
10%rsb
Allegheny Corp
1,900
3,400
*27%
28%
7%
36%
96%
97
*28
33
36%
101%
7,500
106
*20%
U
4%%
42 %
174
20%
8% Jan 16
Alaska Juneau Gold Min
InC
500
63%
*102
20
4,600
37%
42%
175%
*20%
33%
36%
101%
43
106
*19%
174
*20%
37
36%
42%
7
10
AJnp?i,nMP "7
Air Reduction Inc
Alabama
4%
37%
87% Jan
Co
Address-Mutigr Corp__i
6,300
27
*61
70% Mar 14
No par
800
93
4
37%
61%
106
174
20%
33%
4%
37%
JS
Lowest
2.50
cora
* Per share
1
700
5%
*98%
Steel
Year 1946
Highest
Par
No par
Co-Acme
109
5%
i'
,.
Ahi«homai0ref0r,es
& Straus
100
9%
27
.
2.800
FRIDAY
34%
27%
99
HOLIDAY
GOOD
33
8%
*106
_
1,100
500
X33%
34%
..
Abraham
8%
15%
33
9
...
1,700
49%
Range Since January 1
Lowest
Shares
47
15%
33
4
•
*48
38
197/a
*20 y8
27%
*98
102
102
157/8
61%
*101
20
•
'
46%
.,109
5%.
5%
4%
37%
42%
34%
•
99
*60
106
*19%
5%
4
63
*102
175
*20%
-.8%
*107
271/3
*98
38
'
109
27%
4%
37%
,
*87/8
>;: v;
34
5
99
*60%
19%
175
*107
27%
28%
32%
9
337/8
.5%
38%
33%
>
8%
49
8 per share
Range for Previous
NE^xrHAisrrp°CK
EXCHANGE
105
'
5%
4%
63
9
34%
27%
43
33%
9%
*90
Sales for
the Week
74
47%
*47
15%
99%
*42%
47%
15%
4%
*102
47
8%
*47%
*107
29
*61
8%
74
105
48%
34
5%
*98
*90
Friday
Apr. 4
8 per share.
73%
33%
9%
35
*27%
73
48%
109
*5%
I per share
33
•
.
9%
34%
*107
Apr. 3
16%
\
STOCKS
Thursday
Apr. 2
105
8%
47%
16 '
Wednesday
72%
*90
8%
*47
50
34
717/a
105
S'%
16%
*33%
721/4
*90
48
■
Tuesday
COMMERCIAL & FINANCIAL
THE
STOCK
YORK
NEW
Monday, April 7, 1947
CHRONICLE
RECORD
fg
STOCKS
1.14%
Apr. I
Mar. 31
Mar. 29
14%
*120%
121%
*153V4
156
13%
121%
*120%
*154
154
156
50
50
105
105
49
49%
105%
49%
*104 Va
105
*13
19
17 Va
14
14
14
17'%
14
17Vb
17 VB
17
17%
*17%
*13
17
128
127%
128'
127
126%
*126%
125
125
*124
48
48
*48
88%
89%
-88
*124
48 Va
*48
89 %
89%
108
108
108
107Va 108
*
15%
15%
15%
.15%
15%
55%
56.
55 %
31
30%
56%
31.
♦31
81
*75
*30%
*75
34%
55%
34%
35
109%
v
108%
109V4
101%
101%
23%
23%
65
66
V
*119
122
27%
*25
65%
122
-
*25%
127
124
50
2,000
90
400
124
*13%
17
47
v
200
2,900
HOLIDAY
FRIDAY
180
GOOD
60
300
47%
87%
107 Va
3,300
1,700
2,100
88%
107%
14%
54 Va
\
15
54%
1,700
100
;
34%
110%
101%
24%
65%
118%
"27%
34%
109%.
101%
24 Vb
65%
*118 Va
*25
600
-
33
77
*31
*75
9%
9%
*15%
*26 %
*23%
6%
45%
*9Vb
9%
16%
16%
27
27
24
24
23%
23%
6%
6%
6%
46 Vb
46 Vb
'
6%
46%
3,200
1,230
80
1,900
540
100
46%
*16
9%
16%
26%
23%
6%
45%
26%
27
23%'
23%
6%
6V8
45 Va
46 Va
23
14 Vb
20%
400
- i
17%
14
17
128
17%
9%
27
14 V®
21,600
106
104 %
:?
Shares.
49%
49%
*
YORK STOCK
EXCHANGE
NEW
.
16%
27 Vb
*16Va
9 per share
•
154
154
16%
10
10
27%
the Week
1
13%, 13%
120 Va 120%
.
*100% 102 >
24
24%
65 %
65 Va
118% 119
*25
27Va
101 Vb
101V8
23%
23%
.65%
*119
22%
I per share
14%
*120% '121 Va
14
14%
Apr. 8
t per share
8ales for
Friday
Apr. 4
Thursday
$ per share
13% -14Ve
*120% 121
154
*154 .156,
49%
49 %
50
105 *
105
105%
18%
IS'
18
14%
*13
14%
17%
17
17 Va
127
128
128
126
*124
126
48*47%
49
89
87% -89%
108
*107
108
15%
15
15%
55%
58
56 '
31%
31%
32
79
*75
77
34%
34%
34%
110%
-110% 110%
$per share
$ per share
SALE PRICES
Wednesday
Apr. 2 c
LOW AND HIGH
Tuesday
Monday
Saturday
20 Va
*13%
14
*66
68
54
53%
*25
25%.
*50%
52
23%
18
18 Vb
16%
;
106,-
*106
9 %
*34 Va
37
15
15 Vs
16%
16%
9'/4
16%
161/4
36
36%
108%
107%
*105%
106
106
9%
*9Vb
49
106%
*1051%
105%
106
2IV4
*46%
47
47
105%
16%
*20 Va
21%
*21%
23%
23Vb
23%
20Va
*20
:
105%
34%
34%
25 V8
.
102%
102 Va
*31%
321/a
*19%
20
105%
*1041/8
33 '/8
34%
253/s
251/B
253/s
103%
*102
104
*102
15%
16%
16%
16%
19%: 19%
*1041/8 105%
''
34%
34%
253/8
39%
*15
16
16%
25 Vs
*104
38'%
39%
38
*15
/
23%
23%
31%
23%
31%
23%
91 Va
92
91
913%
90%
*59%
*16V8
16%
*31i/4
32
17%
*47
48%
*16
23
913/4
149
58%
59%
16 Va
*16Vb
16%
*30%
31Va
24
'24%
*47
171/8
17
17%
17%
173%
24%
*147
32
161/8
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24%
31%
.
59%
59%
59%
23
149
*147
147
147
313/a
48Va
.
16%
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17% Feb
*32%
36
33
3
'
16
38% Jan
31
*32%
33
23 Vs Feb
24
16
21%
21%
21%
21%
21%
59
Feb
11
541/4
21%
*53
52%
53 Va
521/a
521/2
116
Jan
8
104%
104%
67
Jan
9
105
105
106
*104
56
56%
56%
57
35% Feb
31%
303/i
31
30%
30%
493% Jan
9
42%
*55%
42%
43 Vs
42
42%
49 % Feb
8
56
31%
42Vs
45%
*4Va
46%
46 Vs
*99%
100 Va
4Vs
4%
4%
39% Feb
1
*35%
100%
373/,
4t>V8
1001/a
363i
13% Feb
21
Jan
3
1b*/4
45%
100%
*98
*4%
5
373/4
12
94%
17%
96
18% Feb 27
11
17%
4OV2 Feb
36
31% Feb
10
27%
27%
Jan
2
109% Apr
28%
3
5
63
46%
109%
46%
109%
46
46
*109
109%
46%
23%
23%
30%
30%
22%
23%
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30
30%
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30%
1043/4
104%
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26
26V4
20%
25%
16%
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161/4
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122%
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12%
12%
12%
851/4
86
29%
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103
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851/4
*101%: 103
16%
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12%
85%
28 %
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-
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1021/b
85%
28 Vt
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21V2
20%
203/4
20%
20%
321/s
32 Vs
321/4
32%
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32%
18
17%
17%
211/4
18
17%
17%
99
300
100
99
<.
97%
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97
*90%
*90%
92%
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143/a
3.43,4
14%
14%
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8%
7%
100
92%
143/4
92Va
143/4
73/4
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83
*82
19%
19
193/4
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*4%
106
106
5
*17%
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23%
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*17%
18%
100%
100
23%
22%
83
\
18 V2
19%
*106
106
45%
59%
26% July
Jan
15%
98
7
110
4
Feb
10
6
5
Jun
Jan
May
39% May
21%
22
108% Jan
107
102% Aug
8
24% Feb
18%
111
Mar
119% May
6
88
83
10
3
25% Feb
8
104
22%
40
Sper share
Monday
Tuesday
Apr. 1
Mar. 81
Wednesday
Apr. 2
# per share
$ per share
$ per share
28 Vb
28V4
28%
28%
*28
28%
28
28
53V4
2%
53 V,
*531/4
541/4
*53%
54 %
53
"53
2%
2%
2%
23/4
2%
7%
7%
7%
7%
7%
8
27%
*27 %
27%
155/8
28V4
15%
27%
151/8
15%
15
Apr. 4
share "
27%
I per share
I per
54%
3
28 Vs
27a
6%
7%
28Va
20%
15
15 Va
*27%
15%
28 Vt
15
15
120
120
46
46
*46
47
•46%
47
*46%
47
23%
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23%
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23 Vb
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23%
119
*46%
12%
12%
123/4
12%
65 %
65 %
65
65
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13'/4.'
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13%
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23%
125/s
12%
12%
65 5/8
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64%
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13
56 %
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56%
.
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13%
" -V *12%
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115%
116
116
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34
34
*335/8
341/4 :v34 V4
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45%
45%
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451%
171/4/
17
171/8
16%
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38%
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For footnote;
56%
38%
V:
*56
115
39
56 %
117
1 •
*56
117%
%
118%
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50
34
.
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34
44%
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16% V
16%
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>
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39%
39
39
39
■
<•
•
39
,v
1
Sep
Dec
Sep
13%
;
Nov
34% Nov
July
May
Jan
22%
73%
21V4
59%
Oct
38%
"
Feb
Jan
May
25% Dec
11% Oct
51% Nov
12 Va Oct
112
'
117% .117%
147
58
113
47
12%
125/s
66
7%
12%
40%
18
12% Nov
Nov
43
Oct
24
Dec
FRIDAY
120% 122
*635/8
12%
66
HOLIDAY
GOOD
47% Apr
58
Apr
Oct
Oct
2%
7%
28 %
120
Highest
t per share
Sep
2%
119
115
share
7%
-
1946
27% Dec
53
Oct
28
*53
Year
Lowest^
2%
121%
23%
t per
Friday
*7%
121%
119v
•
Thursday
Apr. 3
May
Previous
Range for
Mar. 29
Feb
112% July
Jan
LOW AND HIGH SALE PRICES
Saturday
May
9% Jan
35 Vb
21% Feb
17%
101
Jun
Feb
Mar
Jun
May
46%
8
9% Feb
Jun
108 %
Mar 12
15% Feb
Feb
22 Va
99
18
95% Jan
83%
25% May
130
10
17
1043/a Feb 15
Q7
Q 9
*92
Apr
38%
3
10
22% Feb
99%
Apr
110% Mar
38% Feb
18
*98
7
Feb
23% Feb
Apr
45% May
14% Feb
103
May
38%
6
7
86% Feb 18
30% Feb 17
102 % Mar 22
123
12%
33
2IV4
*32
18'/4 Feb
122%
*121
70
115
Mar 22
27% Feb
26%
16%
851/4
105
106
26%
29%
*28
36% Jan
16%
•
28%
1221/a
.12%'
86
29%
*28
*1043/4
106
16%
I22V2
121/4
86
28% Feb
23
106
29%
109 VB
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30%
*30
26
46%
109%
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23%
23
*1043/4
3
35%
36%
*28
6% Feb;
94 Va
-17%
17%
36%
100% Mar 29
12%
*93
12
12
*93
7
.
Feb
60
Feb
Apr
May
May
137 May
39% Dec
61% Jan
34 Jan
Number 4583
Volume 165
THE COMMERCIAL & FINANCIAL
CHRONICLE
(1875) ' 19
NEW
YORK
STOCK
RECORD
LOW AND HIGH SALE PRICES
Saturday
Monday
Mar. 29
$ per share
*6%
7%
*6%
37%
38%
37%
152
Tuesday
Apr. 1
Mar. 31
$ per share
152
7%
6%
37%
*37%
.
*150
154
Thursday
Friday
Apr. 2
Sales for
Apr. 3
Apr. 4
the Week
$ per share
6%
7
38
*150
STOCKS
Wednesday
$ per share
$ per share
7%
154
*6%
353/4
36%
,154
152
58%
58%
50'%
58%
19%
£8 3/4
19%
19%
20%
19 s/e
20
106%
106%
106%
106%
*106%
1063/4
*106%
150
150
*146
29%
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29%
30
293/4
29"%
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21%
293/8
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i
150
;•
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30
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.
21%
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10
114%
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9
20%
19 %
20%
107%
105%
106%
1.50
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11%
11%
9%
300
HOLIDAY.
2,800
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2,200
1,800
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9
8%
9%
-29%
29%
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115
20
96%
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•
1,500
■
100
9%
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30
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30
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13
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12%
12%
*
12%
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17%
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34
32%
33%
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17
I71/4
27
26
33%
33%
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33
33%
33%
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17%
17%
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26%
26
17%
<'26
26
23
23
23
110
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<■109
110
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30
17
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27
48 %
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22%
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23
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9
8%
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J
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13
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*
473/4
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5
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73%
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34%
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33
34%
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8
11%
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33
223/a
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273/4
27%
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56
55%
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55
15
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109
109
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42
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39
112
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94
51%
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92
51%
37%
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46%
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Mar.
Tuesday
Apr. 1
jil
$ per share
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37
46%
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63%
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._
49%
101%
102
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40%
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40
40
16 y8
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70
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26
26
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25%
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19
88
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111%
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111%
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122
122
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110
24
3%
121%
24
3%
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122
122
30%
133/8
13
27%
273/8
27%
27 3/8
27%
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35%
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35
35
6%
6%
63/8
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13
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10,200
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26%
433/i
100
16%
19%
26 %
44%
120
39%
19%
11%
44
103
15%
13%
26 y8
42
<
4,600
13%
26%
44%
70
48%
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14
19
800
195/a
11%
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27%
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14 s>
20
25%
25%
1,900
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.
25%
400
11%
32
11%
31%
18%
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44%
2,700
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31
18%'
88
22,100
700
88
433/4
2,100
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2,500
110
24%
111
24
3%
($2.50)
tChilds
T
City
City
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C
243/a
122
6,400
3%
29,700
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30%
30%
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27%
13
*27
273/a
27%
107%
106%
107
17%
17%
18
17%
14
14
l'77/8
14
14%
14
14
14
14
*14
Coca-Cola
Class
5%
cum
Colorado &
4%
Class
r.
curti
16%
16%
16
43%
17%
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36%
36%
113%
36%
113
113%
43%
435/8
17'/4
108
163/4
*107
47%
16
16
pfd
$6
Dec
673A
Jan
14
Dec
25 V*
Jan
18
14
Oct
25 y8
14
9
Jap.
2
•
15% Jan 13
5% Jan 25
Feb 14
Feb
7% Mar
.1
40
86
Jan
16
105% Feb
Apr
1
295/a Jan
6
1Q8
Jan
6
24% Jan
13
|
111
Feb
Feb
May
141
213/4
20
28
Jan
53
36
18
Sep
108
Nov
Oct
114
30
.
^5
32% Feb 14
11% Feb 10
94, Mat 6
9%
Oct
88%
Dec
20 3/a Feb
15%
Nov
Mar 19
91/4 Apr
84
1
.
-
■
Jan '28
15% Jan 16
3!
47% Jan
273/a
18
62
Feb
17
95
Jan
28
62.
22
May
108% Mar
38 %
May
44 y2
115% Feb;
16
10
109
Mar 19
•101
Mar 11
37
91
50
Jan
33% Jan
205
Feb
Jan
108
Jan
Sep
Sep
113%
Jan
71%
Mar
t 52 ' ;,
3
Jan
Jun
77 / May
108% Mar
Jan
106
106
17
Jan' 22
99%
Feb
18
56%
Feb
62
24% Feb
16
Jan
Sep
109
4
755/a Feb 24
/'
13
40% Jan
Sep
105
39% Mar 14
Jan 1,3
Jap
147
Sep
39% Mar 14
37'% Mar 18
111.
106% Jan
•
Feb
>
58 Va
178%
^
94% Jan 28
37y4Mdrl4
19
Dec
38% July
Apr
44% May
"
48 y2 Jan. 30
Jan
30%
Dec
21
361/8
'
40% Mar 11
July
15
Sep
75% Oct
11
26
6% Dec
42% Mar 17
3
195/a
Dec
44%
39% Mar 12
48% Mar
'.
154
27
243A Sep
39% Nov
6
Feb
7
152%
Apr
July
Feb
36% May
60% Jun
165
May
Jan
273/a
27%
107
273/a
16%
Consol
$5
16
of
Consol
17%
Laundries
RR
Vultee
of
Cuba
Consol
240
108 3/4
*107%
1083/4
107%
107%
107
16%
2,100
17
16%
109
*106%
41
107
<•106%
Retail
Stores
300
123/4
13
13%
12%
13
13
13%
13
13
52
51%
51%
2,800
51%
52
51%
52
52
52%
10%
1,900
9%
9%
9%
9%
10
Continental
38 3/a
383/4
383/4
38%
17
*47%
-fe
*52%
*17%
56
16
165/a
17
17
16
15%
15%
15
15
49
*47%
49
14
*13%
14
53%
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53%
17%
17
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13%
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17
56%
56
293/4
30
30
30
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103
*102%
17%
103"
69%
70%
188%
188%
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6%
6 3/4
3%
3%
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363/4
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104%
37
104%
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187
6%
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36
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42
42
42
41%
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52%
51%
52
*50%
see
page 27
*16%
187
700
300
48%
47 Va
47%
70
133/4
13%
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900
53%
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.
53%
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56
56%
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270
.....
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prior
pref
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Products
Preferred
1,200
2,400
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.'
»
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of
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Cork
Jun
Feb
17'A Feb
11
12 y8 Jan
16
100
12% Nov
13
.
Sep
Jan
Jan
16 y8 Feb
4
12%
Oct
2.50
w
25 Vo Mar 20
32% Jan
21
28
Oct
Jan
243/a Mar 17
32% Jan
10
27% Nov
Jan
10'A Mar 14
31
Apr
Jan
79
Jan
13
2
3 9'A Mar 17
&
32% Nov
7
20
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Mar 21
106%
13
Apr
36%
Oct
50 %
36 Va
Aug
8
Oct
59 %
Jun
103%
115% Feb
3
3
25% Jan
31
Mar 11
2
Dec
May
Feb
Jan
16
Jan
Apr
36 3A
86
22
I16y2 Jan
Sep
Dec
,
50
19
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8%
47% Feb
.
Feb
3
Jan
4
>
Jan
783/4
1233/4 Jan 29
33% Jan
2
23/4
Dec
123
Nov
19
2
32% May
5% Jan
132
Feb
;
36% Jun
'
Jan
111
Sep
29% Sep
July
125/a Jan
13
14% Jan
2
12% Nov
No par
No par
25Vz Jan
13
30 3/4 Feb
8
24%
Nov
303A Jan 21
35% Feb
40% May
11
33
Oct
55% May
103A Feb
5
55/8 Jan
15
No par
Y
26% Jan
13
xH)6%Jan
2
1.33Mj
6%
17
5
Gas.
Mar 18
13y4Marl5
15
Aircraft
46
Mar 25
Feb
7
5%
Oct
29% Fed
3
24%
Oct
105%
Sep
Sep
109%
23%
7
13
15% Feb
10
133/4
Nov
54 y2 Jan
2
42%
Jan
,14% Jan
17
.17% Mar
225/8 Jan
16
30
1
16
No par
111% Jan
—20
13
41% Jan
No par
No par
13
15% Jan
104
13
Jan
16
37% Jan
20
No par
Fibre
Mar 26
35'A Mar 11
No par
3
106
'•
5
Mar
8
17%
20% Feb
1C0
pfd
18% Sep
108% Mar 26
1
Inc
36
Feb
Jan
25% July
60
Apr
May
143/4 Nov
H>% Feb
47
Jan
32
I
Jan
16% Sep
17
Nov
Jan
33%
Aug
383/b Feb
114% Feb
xlll
Feb
24
20 3/a Feb
10
48
106% Mar 22
44% Feb
35%
12%
101
8
33%
1083/a Mar 28
103%
Dec
Sep
Feb
115% Mar
54%
22
Apr
1
July
Sep
Sep
109%
Jan
!
53%
Jun
|
Nov
113% Mar
9% Jan
13
13 y4 Feb
7
8%
NOV
^.10
473A Jan
20
54% Feb
3
46%
Nov
63
Jan.
1
9'/a Jan
13
12% Feb
8
10
Oct
24
Jan^ij,
21
41
33%
Oct
15s/8 Mar 15
19
15
Nov
5
353/4 Jan
14
;
Corp
Co
114%
No par
No par
;
Corp
19
18 3/4 Feb
11
3
53
Mar 25
15
16
Feb
7
7
55
Feb
5
13
54
Jan
1
16% Mar 17
20% Feb
20
Co
common.
54
Apr
3
27% Jan 14
61
:5
100
Refining—
101% Apr
25
1
67
Corp
2
Mar 25
;
105% Feb
6
.52
25%
101%
30%
Dec
12% OCt
60
Oct
X12 % NOV
MayV'j,
X23% Mas
Feb
Jan
23%
Feb
27%
Jan
Sep
67%
Jan
Oct
39% May
Deo
1093/4 Aug
75% Dec
58% May
75% Jan
7
2
192
Feb
7
1
8
% Jan
9
7% Nov
143/4
43/a Jan
4
4% Oct
31
Oct
7%
Jan
49%
Jun
3% Mar 12
25
(The).
7
19
493A
Fcb
6% Apr
l
34y4 Mar 15
.100
Jan
323/8 Feb
13% Nov
46%
183%
185% Jan
100
Corp
Feb
-
13y2Jan
50
Trust
Mar 17
Jan
2
47JAApr
5
Seal
7
12
108
25
Del.
Works
Wheat
12 preferred
9
22
16
43% Apr
Jan
36 3A Jan
3
18
No par
Co
preferred
500
200
63%
110
16
common
500
Oct
J2y2 Jan
Electric
Bank
Corn
33/4%
60% July
Aug
Dec
37
Jan
preferred
Co
Feb
x99
41
series—.
5%
Corning Glass
3%%
42%
2
7
10
4
preferred—
Cornell-Dublier
Corn
Jan,
.Feb
17 'A Feb
Corp
Copperweld Steel
Coty Inc
Coty Internat
100
f ■
28%
*50%:,
700
1,400
1"!'
41%
42
\:'
•
'
3%
36%
105
■
6%
36%
*104
105
»
29% "■29%
*3%
.
FRIDAY
70%
186
GOOD
of
Cooper-Bessemer
.
1
46
16
Motors
Oil
Continental Steel
Conv
302%
70%
6%
36%
HOLIDAY
17%
29%
186
6 a/4
Continental
163/4
56
103% Feb
123/4 Jan
Insurance—.
Continental
16
101%
*
7,100
5,700
..
15
29 3A
-
•70%
52 3/4
39%
55 %
56%
28%
9%
38%
39%
17
*15 3/6
14
39
954
28
99% Mar 13
38% Mar 10
Feb
69% May
'
100
$3.75
preferred
Continental Diamond
10%
47% Jan
200
Dec
{v"
24%
preferred
Continental Can'Inc
5,166
61%
——
233/4
$5.50
107%
Highest
$ per share
Oct
Oct
Container Corp -of America
Continental Baking Co
109
40%
415/e
11
130
Oct
Consumers Power Co
$4.50 preferred
41
18
10%
Natural
1,600
*107
623/4 Mar 27
Feb
65% Jan
4
8 per share
>
15%
Corp
Corp
1,800
16%
109
165'
share
30
Grocers
36%
3,000
per
No par
N
113%
44%
Jan
No par
Edison
363/4
43%
144
,$
'
16% Mar 27
Inc
113%
44%
$ per share
20 y4 Feb
preferred
Consolidated
400
25%
16
ft
16
Cigar
Consol Coppermines
Corp
2,100
Year 1946
Lowest
•
16
Conde Nast Pub Inc
10,600
1,600
107
241%
Range Since January 1
Highest
Lowest
123,4 Jan
preferred series—;
363/4
415/s
For footnotes
55
11
21
MVa Jan
*
18J/2 Jan
w
113%
43%
41%
7%
/
U
153/4 Feb
v
20
com
36%
44
413/4
29
56% Feb
16
preferred—100
1st
113 %
37
113%
413/8
29
Jan
;
1
Jan
No par
preferred-
Commonwealth Edison
Consol
;
Jan
59 y2
Columbus & Southern Ohio Elec_.10
Credit.
10
$3.60 preferred
100
Commercial
Solvents
No
4,500
105
37%
Dec
No par
No par
Consolidated
Consolidated
V';':'-.-'v:*3%
;
Nov
Columbia Pictures
1,900
30
Feb
17
No par
No par
6,400
56%
Oct
45
Columbia Gas & Elec
Columbia Carbon Co
17%
56
33/4
8
.
2.50
475/8
30
4
553/4 Mar 25
20% Jan
No par
^
B
17%
*102% 103%
70%
70%
*188% 190
63/8 Feb
54 % Feb 24
No par
No par
4$> non-cum 2nd preferred
Columbia Br'd Sys Inc cl A
473/3
17%
Feb
153/4 July
11'A July
Jan
No par
Southern
17%
14
33%
7
Jan
No par
non-cum
47%
53%
Oct
Sep
7
30
Range for Previous
(The)
conv
25%
47%
Jan
11%
155/b Feb
10 y2 Jan
76%
<
$3.50 preferred
17%
.
17%
16
STOCK
& Aikman
Colo Fuel & Iron
Corp—
24%
473/4
14
Oct
No par
Collins
17%
*52%
*17%
5%
13
43%
—No par
A—
253/a
473/4
413%
:r-
Jan
1
14% July
Sep
—5
Colgate-Palmolive-Peet
173/8
47%
*108%
;
26 Va
Nov
Coca-Cola International
Corp No par
25
47%
41%
.1,-.
Oct
7%
34%
.
Co
YORK
Co
17%
%
Jan
9%
2
63% Feb 13
28% Mar 6
Par
25%
17%
18%
29
,9% Jan
;8% Feb
1
17%
16
12 3/4 Jan
41% Jan 16
—.100
EXCHANGE
24%
*17
Oct
82%
.100
NEW
47%
1 -1'*15%
4%
1
17%.
25%
39
25% May
66% Jun
Oct
3
38 y2
Preferred
47%
39
17% Mar
483/4
7% Feb
Sep
Clev & Pitts RR Co 1%
gtd
_S0
Special gtd 4% stock—
50
Climax Molybdenum—
No par
Clinton Industries Inc..
17%
V
Apr
15%
■JVk preferred...—_____—...100
2.900
27%
12%
30% Mar 10
.54% Jan
2
32
27% Feb4 21
Illuminating com.No par
distributed)
No par
preferred......
Ncpar
Clev Graph Bronze Co
(The)...__1 "
6%
.17%
10
Oct
Oct
12%
Jan
13
(when
6%
6%
Xl06 %
'52
20% Feb 13
114
Mar 15
173/4 Jan
$4.50
Congoleum-Nairn
18%
17%
Jan
Sep
Sep
No par
_N-o par
Consolidated
273/a
108
105
11% Sep
par
600
107 %
*105%
23
30%
>.100
600
17%
17%
25%
7
A.lOO
300
27%
44
43
Nov
14% Feb
38% Feb
Co
33%
107%
113
25% July
Nov
213A
13
;
Louis Ry
27%
18%
36%
Jan
23%
13
Co_
33%
35
27%
43%
143/8
7
Jan
Commonwealth & Southern—No par
12,900
108%
113
Jan
10
4% Mar 20
Co..10
Corp.
&
Feb
May
Feb
_8.50
Fuel—
Peabody
51%
Jan
preferred—.—^
Cluett
24
11
Elec
Com
42%
Dec
Sep
,31
L——100
C ft St
2
Ncv
11
21% Jan
5
Clark Equipment—;
clave
Jan
31%
6
25
preferred—....
Stores
City
18
7% Mar 15
No par
_10
_
Milling Machine
&
26Va
30
12% Jan
No par
Investing
Jan
35% Mar
63/4 Jan
50
__
Financial
47%
,
1
No par
No par
Co_—
Preferred
I
102% July
23% Jan
Sep
100
Cinn Gas & Elec common
C
116
Dec
8%
8% Apr
3
73/8 Mar 11
:50
Chile
Cincinnati
Jun
89
143/4 Feb
3
No par
Chicago Yellow Cab
Chickasha Cotton Oil—
Copper .Co_
Chrysler Corp...
1103/a
Apr
No par
div
cum
Jan
33
3
preferred:—
$3 conv preferred—
pf
Apr
13%
1103/4 Jan
Jan
Chicago & Northwestern——No par
5% preferred
100
Chicago Pneumat Tool
No par
Pr
Jan
173A
Feb
12% Jan 31
Feb .11
Apr
A—25
B.-iAA--.—,T:
/Series A
29
Oct
Sep
95 %
15% Mar 11
5
cl
July
8Va
28 % Jan
23
Commercial
1,230
122%
3%
122%
27%
16%
36%
Co
Chic Milw St PI P vtC:
$4.25
43%
41%
42%
111
108 %
16%
Ry
20
Jan
Jun
9
116
Mar 14
46
*
*38% -
16%
32%
\
Louis
23
27
40
&
Sep
Sep
22
25
Chicago Corp (The)—
Chicago Great West RR Co..
5%
preferred
i
20
Va
14% Jan
Mar 25
...5
i
38
14
Jan
161 y2
Jan
10% Jan
Jan 13
108
Oct
22%
21% Feb
22% Feb
3
No par
RR Co
109%
138
Jan
25% Mar 26
—1.25
A
Shares
19%
14%
13
313/4
per share
*13%
14
*85
I
.
*102
40
26%
25%
No par
No par
No par
Mfg
& East 111
the Week
63%
,
48%
101%
16
26%
*13%
Co..
preferred
Jan
May
23% Sep
32% Feb 24
13
16
Jun
150
11% Jan IT
\ .31% Jan 23
1
Chesapeake Cprp of Val
Chesapeake & Ohio Ry
Sales for
;
153%
63%
49%
11%
18
Products
Jan
Jan
183A Nov
104% Sep
2
85/8 Jan
54 JA
STOCKS
,
*1000
*39
13
-
152
63%
26%
*12%
$4.50
20
S per share
153
*26%
30
2,100
Friday
100%
39%
15%
14%
122%
46%
154
Apr. 4
49%
13
3%
600
Apr. 3
63
103
14%
122
.37%
46%
*1000
,48%
*101
*39%
'
19%
44%
6,700
Thursday
152%
*1000
48
*100%
'
.203/4
*151V4
$ per share
1523/4
63%
19
~30
Apr. 2
63%
*85
i*
51%
21
37%
154
,
Wednesday
$ per share
62%
13
52
300
•
91
46%
62%
14%
220
67%
Jan
Feb
10 3/a
55
183
Nov
108% Jan
10% Mar 8
93/4 jan 25
1123/4 Jan 13
No.par
Champion Pap & Fib Co
6%
112.
*66
109
*37%
Chain Belt
C
44,700
700
111%
6 7%
91
151%
*150
19%
'
93
453/i
152%
*14
•
Pasco.Copper.i
Certain-teed
97
:108
151%
152%
*13%
300
38%/ 39%
109
20%
153%
.
*92
112
*50%
21
2,400
60
•
*91
iSi
*150%
49
18%
*108
20%
Monday
Mar. 29
per share
*1000
*57-
de
) 6 3/8 Oct
31% Nov
153
LOW AND HIGH SALE PRICES
Saturday
$
..,
109
18%
21
$ per share
81 y2
14
No par
per share
Nov
16
20% Jan
64
7
26% Jan
20
5% %
39%
67%
Cerro
'
39%
111%
67
37%
153
600
92
■
180
*39
112
*50%
9%
*9
97
*111%
39
600
*160
39%
39%
800
1,700
180
*92
39%
•
21
46%
153
97
38%
*39
26
30%
143% Jan
90
300
41%
*90
58%
*160
37%
46
153
.
51%
20%
37%
180
9,100
109
403%
9%
58%
20
*30%
18
58%
1,700
9,800
26%
1.
•
26
-
95
xl7%
*65%
*108'
-•
68'
*92
20%
*9
*90
17%
*92
109
37
9%
96
.
*108
94
9%
*90
25%
1,100
41 *
26
31
•
200
v
Mar 19
106
100
No par
1
%
13
21% Jan
29
20
97
109
41%
31
39%
112
2G Va
31%
*160
*38%
*67%
?
95
109
200
65/a
*40
98
58%
180
112
68
41
95%
26
2,000
2,600
---
20
6%
*40%
*108
2,900
14%
20
*
6%
98
17%
38%
109
*50%
>
*38%
112
I 67%
56
42%
17%
*92
39%
38%
19%
7,900.
4,500
553/4
6%
109
60
*160
38%
*108"
96
60
*55%
*55%
*i4
*30%
9"%
*90
; 17%
56
26
42
30%
9%
,
56%
,
*55%
42%
42
31%
*17%
*55%
25%
*9%
,
11%
333/4
"
26%
*108
*30%
,
: 41
26
26
*25%
27%
"55%
42
26%
27"
56
98
95
45%
27%
27
45 %<
*
17
ser_100
600
455/a
46%
*55%
1,200
22%
28
27%
5 "
11%
27%
453/4
300
600
33%
46
46%
6,500
13
of New Jersey
...100
Violeta Sugar Co.
Century Ribbon Mills—1.._No par
1,200
8
*4%
45%
46%
700
8%
23
32%
"22%
12,000
13
A 5
'23
300
13 i'r
8
*4%
28
,
8 3/a
8%
*63% A 7%
13
5
32%
*22%
46
8%
6%
-
*12%
*43/4
11%
11%
8%
73/8
12%
*26%
39% Feb
-4
158% Jan
RR
Checker
27%
•
8%
*7
13
17
48 %
9
8%
*155/8
5%
483/8
1,500
16
Mario
17% Jan
Central
20
9
48%
5%
'
400
23%
111
47%
48%
5%
9%
48
23%
27%
48%
5%
<■9%
5,600
.26
*110
163/4
200
2,800
Jan
73/4 Feb
57% jan
par
Central Foundry Co.._
__1
Central Hudson G & E Corp_No
par
Central 111 Lt 4 Va% preferred—100
tCent
200
13
.
preferred
Corp..___
5% preferred
Central Aguirre Assoc
Cent NY Pr Corp pfd 3.40%
1,400
30
*12
23%
110
110
*15%
.
*29
2nd
13
xl48
No par
Celotex
FRIDAY
Highest
$ per sharp
Jan
34
25
No par
comJVo
Year 1946
Lowest
g
-100
Tractor.—.
Celanese Corp of Amer
$4.75 1st preferred
7%
-
GOOD
11%
.9%
115%
Caterpillar
15,800
150
9%
(J 1) CO
Preferred
1,200
Range for Previous
1
Highest
t per share
_l
Case
30
58%
:
*113%
115%
95%
96%
58
'
10
*113%
96
9
11%
:
58%
20
21%
,
9%
114%
*95
10%
11%
10
114%
96%
*21%
11%
11%
9%
<■113 /
21%
58 %
Par
Carriers & General Corp
2,100
'
Ran*e Si"« January
Lowest
1,1
500
152
58%
,
Shares
7%
37%
37%
154
$ per share
"■"•SSf-KP"
EXCHANGE
'104
Jan
2
3
28% Jan
16
No par
No par
37
Jan
16
47% Jan
8
40 y2
107
30
Feb
Mar
Jan
13
5
9
xl85%
101
28
8
32
52% Mar 27
47
43% Feb
Deo
210% Mar
Apr
\
«**
Monday, April 7, I947
CHRONICLE
COMMERCIAL & FINANCIAL
THE
(1876)
20
RECORD
STOCK
YORK
NEW
Range for Previous
STOCKS
LOW AND
Saturday
Y
Tn^d»T
Apr. 2
Mar. 31
t per
28%
28%
27%
101%
*105%
107%
*115
1-6%
117
116
88%
29
89
89%
*83
?0
*20%
22%
*23
29%
19fs
18 V*
; 18
18%
47
132
<
104
*s5%
*13
18*.
*47
30
50
*47
68
>
5%
5%
18%
18%
18%
68%
68 P
5%
5%
5%
18%
18% "v
27%
26%
26%
26%
*26%" 27%
*26%
27%
26
x/
26%
27
26
*26%
6
22
Oct
17%
Oct
Jan
7
Jan
13
49
6
101
Mar
8% Jan
No par '
No par
96
21% Jan
A
18% Mar 31
pfd
Cushman's Sons Inc 1%
134
-;P:pp;50O:
Cutter-Hammer Inc
Feb
129
100
No per
Jan
165
Jan
Oct
66
Jun
95
Oct
106
Mar
16%
Nov
24% July
45
Sep
82% May
7
'10
Nov
103
Oct
60
Sep
Mar
26
.
Jan
146% Feb
76%
Apr
Feb
6% Feb
5%
Oct
12 Vs
20% Feb
5% Mar 24
.1
28%
Jan
35
17%
Oct
34% Feb
_
Class
2,000
Feb
Jan
Mar 12
70
.1
46%
160
Feb
135
14
Apr
54%
115'/2 July
7
Feb
16
60 % Jan
•
110% Feb
6
12% Feb
13
40% Apr
;
/150
Mar
56
17 V
113% Jan
Jio par
2
Oct
Jan
19% Feb
Mar 11
17
48
Inc—2.50 '
preferred
Prior preferred
Curtiss-Wright
$7
16,100
98% Feb
.5
Cunningham Drug Stores
Curtis Pub Co (The)
500
27% Jan
.100
In
Press
Cuneo
500
P
27
Jan
165
40
5,100
18%
*26%
34% Jan
165
50
5%
*130
134
'V 27
16
xl7% Mar 14
P
68
18%
19
*130
134
*130
134
*129
♦68%
Dec
-30
ICO
10
5%
Dec
88%
1,900
:
131
*130
29
29
.100
50
S%
10
132
13
Jan
—10
p;P.;:
18 "4
*47
50
X
Sep
37% Feb
tper share
Sep
110
preferred
Cudahy Packing Co
4% % preferred
?
.100
7%
.
FRIDAY
GOOD
45%
9%
.
103
8
Cuban-American Sugar
Cuba
100"%
18
68%
*68
5%
134
*47
130%
18%
18%
*123
44%
lOKMa
lt%
*130%
10%
5%
5%
45%
24
128
2,600
HOLIOAY.
100%
45
*97%
108% Feb
.100
570
ICO
*165
11
3
28% Jan 15
88% Apr
1
Feb
114V4 Apr
-No par
17%
17%
18
25
Steel of Amer
5%
Highest
t per share
share
8
preferred
RR 6% preferred
600
29
29
29%
$ per
share
33% Jan
104%
2nd
Crudbie
1,700
90
*88
180
*18
18%
130%
./
68%
*67
€8%
■
131
131
132
*131
-
101
9%
v
88%
17%
50
*47
10%
10
10%
10%
18%
30%
$4
preferred
preferred
$4.20
180
114%
30%
28%
45%
*97%
.
18%
*18
114%
31%
*165
180
45
46%
x45%
47
*99
115
88%
18
*155
180
*165
180
*185
;
210
■
Year 1946
Lowest
Highest
-
27% Mar 31 ;
ZeLIerbach Corp.
Crown
2.90O
103
$ per
Par
Shares
share
23%
*106%
31%
29%
17%
20% ^32
•114
31%
88%
30%
32%
J2»2
28
28%
197
107
106%
114% 114%
106%
$ per
S per snare
snare
28%
28%
21 Vs
28%
*105%
S per
I per share
S v*r snare
Lowest
EXCHANGE
the Week
Apr. 4
Apr. 3
Since Jannary 1
c"r3CK
NEW
fir
Friday
W*>dne«Hay
Apr. I
Monda*
Mar. 20
HIGH SALE PRICES
Feb
18
30% Feb
1
30% Jan
10
129
18
26 / Mar 17
128
Oct
25%
45
Sep
•
July
May
29
Dec
18
145
July
D
i,j.-c4
*17%
18%
*18
19%
94
:
18%
13%
19%
*111
111%
20%
20%
20
17%
28%
37
r
41%
4iy2
;8%
8%
*36%
40%
*40%
41
14
36%
36%
37
27%
27%
-27%
14%
*61
*60%
67
'
*19%
20
*21%
38%
37
41
P
PP
12%
13
35%
35
25%
27%
p:v:
*60%
19%"
*19%
67
67
.
*60%
:
20%
20
20%
2C%
500
De Vilbiss Co
27
27
27
27
700
Devoe
X 41
39
39
600
Diamond
*40
40
X
40
40
46
45%
45%
22%
22%
15%
14%
*19%
45%
45%
22%
22%
14%
31%
31%
*30
54
53%
54
*53%
27
26%
26%
26%
26%
36%
37
36
36%
35%
35%
35%
35%
53%
18%
19
19
69%
63%
70%
69%
26%
18%
-•70%
162
162
*162
165
162
162
113%
113%
113%
*113
113%
112%
113
*112%
19%
19%
%
*96%
99
*36%
*17
*28%
30
29%
188
186%
188^8
127%
*113%
17%
17%
17%
*127%
129 -
*127%
*113%
114%
*114
17%
115
17 %
129
*127%
V "
114
T
"
"
P
30
W "
700
"i1
,"
'
■
t
i
-
Sep
42% July
50% Jan
3
b%
Oct
16% Jan
Jun
38% Mar 22
27% Mar 25
23
Oct
28
;
60
Oct
77
Feb 24
,21
i
16%
Dec
19% Dec
15%
Oct
24
2
Jan
22
;
.
13
Jan
60
i
31% Feb
"
3
Apr
Feb
Aug
23% Sep
39 Va
34% Oct
50%
Apr
Sep
50
Aug
Oct
34%
May
Jan
17
2
-50
Jan
25
42
24% Feb
13
16%
18% Jan
2
35% Feb 24
14% Nov
30
July
28%
Nov
52
Apr
48 y2
Sep
62% Jun
25%
Nov
2
14% Mar 15
Jan
v
13
49% Jan
Apr
16% Jan
54
3
8
v
Feb
34
Feb
13
7
21
Feb
Jan
Jan
Mar
48
x23% Sep
16% Dec
11
76
Mar 14
x
10
37% Feb
3
16
26
37% May
29% Feb
7
63%
Nov
159% Apr
3
181% Jan
2
'143%
Feb
192
Jun
111% Jan
10
114% Feb
14
111%
Dec
118
Jun
22% Jan 30
15%
Oct
66
No par.
Mar 25
108% Mar
50o
100
94% Jan
13
98 Va Feb
19
91
Oct
1
preferred
18
16% Jan
16
19
Feb
10
15
Oct
28% Jan
23
J3
34
Feb
25
Nov
Jan
>
194% Feb
10
161
Oct
227
Jun
124% Jan
13
;
127% Mar 31
124
Dec
133
July
115% Feb
5
112%
Oct
116%
3
13 Va
Sep
International
de Nemoura
P
Oct
25%
47
30
180
$4.50
200
58 Vs
33%
6
43% Jan
18
Jan
No par
(EI) & Co
20
preferred
No par.
Duquesne Light 5% 1st pfd
100
DWG Cigar Corp
8
Du
pooo
Dec
20
3
29% Jan
Industries
conv
10
38% Feb
45% Mar
Apr
39
Duplan Corp
200
17%
17%
'■■■■■
•
26% Mar 17
: -
common..No par
Co
preferred series A
Dunhill
"
\
Chemacal
3% %
129
114
17
4,700
j
29%
185%
185
114%
17
17%
' P
■■
•*
'
P>
17%
*28%
"
$4
Jan
.40% Feb
.
25
-No par
Douglas Aircraft
Dow
300
99
*16%
29%
187%
127%
115
*113,2
17%
*17
17%
18
2,300
Dresser
19% Feb
No par
Mines Ltd
31%
113
14% Mar 24
3
No par
8
Corp
1,000
:.Ppv
19%
19
*96%
'
30
*23
127%
127 %
99
*96%
187
*17
183
133
19%
19
19
99
133%
18
30
*17
*2Z"-
18%
*96%
19%
99
Dome
113%
17% Jan
-
No par
A
3.700
161
Apr
13
—2
Pepper Co
Doehler-Jarvis
22% Dec
13
No par
common
6,400
iv/a
159 y4
*112%
Co
19
19%
71%
Class
Dr.
1,300
v
-
Jan
2
Corp-Seagrams Ltd
Cup
35%
35%
72%
18%
18%
72
Distil
Dixie
200
54
26
164%;
164 V4
IP
54
35
3
3
25 Va Jan
-25
preferred
partlc
34% Apr
Nov
6% Jain\;3.
No par
Match
Nov
17
10% Feb
<
X 60
12.50
Raynolds class A
Diamond T Motor Car Co
700
"
19
19
G3%
30%
31
7,you
31
31
27
31
*53%
54
1,300
14%
6%
200
22%
*22%
15
14%
15
27%
32
'
45%
*43%
J
22%
&
16%
11
:
;
1.
Corp
H0% Jun
13
11
;
9
8
Steel
Detroit
May
31% May
36% July
20% Feb
16 J
13
12% Apr
100
20
27% V.
27%
*
54
"200
i
20
Sep
23% Feb
•
>
Va Jan
:
Nov
;
Co—100
Edison
27%
15%
15%
RR*
——100
issued"
"when
Preferred
Detroit
20
22%
22%*
15%
West
Jan
35
16 Vs
98% Nov
■34
113% Jan
.
34% Jan
* 34
:
-50
Western
Detroit Hillsdale 48WRR
20
-
22%
—50c
No par
20
"when issued"
28
*45
46
16
Nov
28
; 35% Jan ^ 6
Dec
17
20% Feb 24
.
16% Mar 15
r
100
Grande
Rio
(The)
19%
40
40%
*31
Lack &
&
Co.
1,700
:
67
*19%
20
17
18% Jan
!
Delaware
5,900
35%
110% Feb
Preferred
Denver
27% f 27%
1
.
91 Va
Feb' 13
20
16
& Hudson
1,700
27%
36%
27%
*60%
-
2,3u0
'PPx; -;' '"
13%
■
ley* Jan
31% Apr
100
Delaware
3,200
40%
8
8%
1
(The)—7
Deere & Co
200
>
;
7%
,
13
13% "
37
4f%
41%
v
8
13
5
__50c
Records Inc
Decca
6,600
38%
*36%
16% Jan
Dayton Rubber (3o_.
2,500
,94% Jan 28
Mar 18.
92
:
*
17%
37%
38%
37
?
.100
preferred
4% %
20
700
20
'
40%
17
r
20%
23
;
28
*45
17%
36%
67
22%
111%
*20
i 27%
27%
32%
Dayton Power & Light Co.
Corp
Cum
100
>>"•
X
*111%
20%
<
2.800
pfd 3%% series A_
Davega Stores Corp N Y _
Davison Chemical Corp (The)
-•
19%
17
:p -
19
*'
1
24% Mar 11
140
•
20
*19%
19%.
19%
32%
111%
■■f..x 8
13%
14%
39 %
'•*14%
'
8
P
29
*20
37
8%
8
*lllVa
38%
37
•
/"■
31%
P
31%
17
-37%
38%
38
*36%
.
19%
20%
17
17 Vs
17 %
17%
3/%
*36%
18
19%
v
94%,'r1" rr
*
--
Dana
6,200
93%-
-
25%
*18
18
'
•
19%
111
111
20
'
r
31%
31%
-31%
31%
*20
94 ■*«
-94
"
18%
19%
111%
-*111
94
*93'
i-
-
*17%
94
18%
'94
31%
♦,
600
25%
26%
26%
113
Jan
14
>16
Jan
6
6
19% Mar
33%
116
Jan
Apr
41% May
58% May
21
Feb
May
I
I"
•
E
Saturday
Monday
Mar. 29
t
S per s/aire
i
23
21%
22%
23
22%
Apr. 3
22%
22%:
240
241-
38
;
5
239
38
v
437%
.,
239 X
239%
Sales for
*
22%
22%
22%
24%
36,800"
-«
241%
36%
241%
239 Va
2
P
37%
P "
240
Kagle-Plcher
v
-1,500
"
Kodak
Eastman
5.
Corp
No par
Co
36% Apr
215
190
>
'
*191
*51%
*191P
.*23',4
105%
53
52
24V*
24%
*1G4%
*191
*23
52%
195
*52
-i
195
25 %
'6%
*110
V
58%
X
195
*52
23%
23%
105%
24%
57%
25
110
■p. ': *6%
57
105
25
58
58%
V
24
7
58%
200
Edison
10
24%
2,700
ll0'/4
*
*109%
7
700
preferred
Eaton Manufacturing Co..
104%
104%
110%
7
51%
24 Vs
*23
>
6%
70
195
51%
23%
'
*109%
?;i
7
*190
52%
i >104%
P
24%
;SV no
6%
>
52%
*104%
P
25
110%
6%
vx 56%
7%
57%
25 -V
<
*
110/2
*191
23%
>104% 105%
25%
*
*110
195
400
7
57%
58%
5,300
4Vi%
Stop
Electric
13%
13%
13%
13%
13%
13%
13%
13%
13%
1.600
37%
X36%
36%
36%
36%
*35%
37%
300
Conv
3%
3%
3%
3%
3%
16%
17%
16%
17%
3%
17%
152
'
•
lb5
152
134%
152
*50%
51
*50%
50%
23%
23%
23
51
51
51
14%
19
18%
17%
17%
166%
*151
166%
166%
151%
50%
50%
51
23%
23%
23%
23
49%
£0
800
1,200
*13%
14
14
14%
1,500
Emerson
Electric
18%
13%
18 Va
500
Emerson
Radio
17%
17%
17%
17%
17%
400
37
37
500
Endicott
107
107
*35
36%
37
103%
*107
37
37
*107
103%
38
103%
10
50%
30%
29%
30%
29%
29%
29%
30%
29%
29%
1C3%
103%
103%
*102%
103%
102%
102%
102%
1023/4
110
110
3%
*57%
*83
107%
109 %
I
107%
109%
*109%
3%
58%
3%
3%
10%
9%
56%
10%
•
107%
9%
3%
10%
57%
:
55%
9%.
55%
11
87
11
'
*83
*10%
10%
10%
10%
*83
v::"
108
107%
110
934
IIOVA
3Va
9%
.
56
55
*83
87
87
*83
*10%
11
10%
13-/4
31','a
23%
22%
23%
23
23%
19%
19%
18%
19
18%
18%
18
18%
37%
37
37%
37%
8%
8
38
-
8
8%'
*53
54
*53
v*,
54
53%
37%
'
*8
53%
51%
29%
29%
29%
29%
7%
-7%
•7%
7%
7%
=>22%
23%
*22%
23%
29%
29
>
7%
~
22%
>
*104%
*40
22% 1
105%
•
:v
..
■;>
'>*104%
>
12%
22%
22%
*104%
106 Va
*39%
40%
*39%
*50
51%
*50%
51
12%
12
12%
*12 V4
-*106
■*
223/a
22%
*23%
24
53%
•
rtQ
*106
107
24
24
24
23%
*56%
*18
"32%
*107%
*33
16%
*21
22%
13%
*82%
26%
oj-, a/„
*
23%
23
23
f
53% t,
*53%
SQ
i' *103%
58%
105% •"
.
/
58
*106%
•
56%
54%
*107%
*36
37% '
56%
56%
18
31%
108
37%
54%
57%
108
'
32%
X 108
*36%
37%
16%
lr%
16%
16 y8*
16%
21%
21%
21% f
*21 %
22
106%
*56%
57%
18
32
*107%
*36
16%
*21%
108%
37%
16%
22
13
13%
82%
82%
*81
£2%
26%
26%
26
26
*26 VA
26%
*25%
25%
25%
25%
21%
13%
22%
13%
GOOD
FRIDAY
v
1,800
Felt
&
Phen
Firestone
;::
400
;
700
First
1.303
Firth
•
Tarrant
4%%
5,600
Flintkote
107y8
30
37
16%
1.603
21%
800
21%
14,900
13%
3,600
-82
-
25%
>?6
82
26
'
20
(The)
900
-
1,600
'60
Ins
&
Co
Florida
Power
Food
Fair
41%
106%
102
Sep
110
110% Jan
2
104%
Dec
111% Mar
3% Feb
13
2%
Jun
12% Feb
3
9%
21
com
5%
Jan
23 Va
Jan
Jan
85
Mar 25
90
Oct
95
Jan
10
Oct
22%
Jan
Oct
33%
Apr
13% Feb
8
24% Feb
7
15%
25% Jan
7
21%
Nov
58%
42% Jan
9
34%
Oct
63%
Jan
Oct
11%
Jun
9'A Mar
60
Jan
7
8
30
26
16
•31% Feb
1
/ 21%' Sep
36%
Feb
7% Jan
13
19% Feb
7
7% Dec
19%
Jan
15
24 y4 Jan
3
«
:
Jan
3
21
xll% Mar 17
108
Jan
:
'20
6
Mar
14% Feb
«
16
25% Feb
6
21
6
107% Jan
27
104
x21% Mar 18
26% Feb
>4
13
52% Mar 15
54% Mar 15
v
105% Jan
53
Jan
17% Jan
10
30
13
107% Jan
60
Jan
21% Jan
Feb
83%
Apr
Dec
109%
Jan
105%
52
Nov
X
25%
41V2 Jan
6
Sep
33% Oct
16
17% Jan
6
16%
7
20%
20
Mar 14
23
Feb
13
23
Mar
12% Jan
17
15% Feb
i.,
—
105
28'
12
Mar 25
94% Jan
7
71
Sep
29% Feb
13
19 %
Nov
26% Jan
15
'25%
Sep
x
Jun
Jan
57
Apr
20%
Jun
29
Oct
Jan
Va Oct
22Va Jan 13
25% Mar 10
81
115
Sep
11%
13
46%
Oct
2
25
MarlO
70% May
287/a July
NOV
1" 16
37% Jan
14% Jan
25
70
NOV
110% Feb
10
10
Oct
51
13
30% Mar 11
34 Va Mar
Sep
37% Mar 21
par
ZZlO
3
Sep
Feb
Dec
Jun
34% Aug
108
Feb
21%
49
6
29
NOV;
.19%
59% Feb 28
61
Feb 21'
No par
1
54%
•45!
10
26Va Jan
22% Jan
7^
^
Feb.
10% Oct
.
«*an
112% Feb
26%
Oct
26
•
Jan
21
105% Jan
CorpJ
Sep
35
7'-
55
* Sep
100%
29
42% Mar
104% Feb
No par
jf0 par
.
May
88
47% NOV.
Apr
Feb
;
~—~No
Jan
93
No par
Inc
Apr
Mar
Oct
39% Apr
No par
Corp
Machinery
Oct
100% Sep
2
Oct
102% Mar 19
100
Foster-Wheeler Corp
6%
prior preferred
18
11
Jan
110
22% Jan
•".
No par
Co
Stores
33y8 Feb
105% Jan
"
Florsheim Shoe class A
Follansbee Steel Corp
Food
.
10
Co
Oct
Jan
111
48
X
5
25
Sep
-
3
51
.
.1
Stores
Stove
104
Mar 24
25% Jan
,
•
N Y
(The)
Apr
85
Mar 25
10 Ye Jan 16
19% Jan 11
18
Mar 11
37
Apr
1
7 % Jan 17
r
100 '
Rubber
Carnet
4
Feb-
V
9% Mar 31
Jan
3
5
preferred
Florence
16%
-21%
13%
$4
Fire
Tire
107
"
67
2% Jan
No par
Mfg Co
55
54
JL
—
Jan
103% Mar 14
28% Mar 11
xl02% Mar 20
106
Mar 21
xl07% Mar 20
No par
Co
preferred
32
203/4
-
2
15
Corp
National
18
■107%
*36'
38
i-20
preferred
Enamel
313/4
32%
Feb
No per
Co_
Dept Stores com
conv
18
-
13
-—page 27
HOLIDAY
56%
22%
25%
56%
18
82%
*25%
Fidel
£4%
56
82%
26%
500
64
106% !
21%
12%
22%
Ferro
106%
13%
21%
500
106%
83
;
500
53
*55
-
Federated
44 %
21%
3
2.50
Corp
Light & Traction^
preferred
4%%
,
Feb
Nov
5
Federal
24 %
-23
56%
1,700
107
Jun
17
50
Co
Federal-Mogul Corp
22%
22%
56 Va
24% Mar 19
8
100
Federal Motor Truck
July
Oct
x
19% Jan
3,200
900
40
Jun
Morse
12%
*24 Va
24
*54%
106%
12%
128
3
Apr
43% Mar
No par
Smelt
167
24
51
30 Va
Fajardo Sug Co of Pr Rico
&
Sep
156 Vs Feb
Jan
61%
-No par
Corp
Min
Sep
138
Nov
Farnsworth Televis'n & Bad Corp.l
$6
29% May
180% May
24
7%
Sep
Fairbanks
Federal
Cfct
8
Feb
Apr
48% Jan
Dec
400
20
13%
19% Feb
170
35%
:
11%
3,200
200
Dec
17 Vs
Buffet
;*
Oct
6
Exchange
39y2
Dec
3%
21
Ex-Cell-0
300
12%
34%
14
21% Feb
1,500
51%
*106
'»■-
24%
57%
17%
x
18
32%
108
*23
22%
107
54%
106%
58%
17%
32
-
24 Vs
P
Bldg
&
5
10
; 3% Jan
16% Feb
-
15% Feb
1
23
107
RR
16% Jan
80% Feb
>
15
25
common
Pitts
Feb
114
i
x
17% Mar 11
16% Mar 15
35% Mar 24
100
Office
6
Odt
Aug
•x*i'27%-Dec
Nov
6% Nov
50%
Feb
112
39% Jan
13 Vs Mar 25
3/4 Jan
17% Oct
106%
/
t
48% Mar 15
Eversharp Inc
7%
39%
Corp
pref series A
&
13
17
Oct
12
8,000
53
*50%
RR
5%
101-
4
65% Feb
10
preferred
lEquitable
>
40% May
23% Dec
7
Feb
x
3
Engineers Public Service com
1
$5
preferred
No par
V $5% preferred
No par
$6 preferred
No par
Erie
71
39
11
13
6% Jan
-
5
29 Va
*105%
'
-
54%
106%
18% <
22 Vs
*106
105 «/2
x57%
59
32%
22%
22%
107
23%
*
105%
Johnson
Oct
Feb
Jun
5
Phonograph
500
7%
*22%
12%
22%
-
24%
-
4%
Aug
%
Gas
Mig Co
&
1,500
29%
v
P"
41
51%
12%
106% V
-•
106% *
23
40%-
40%
51% '
12% x
*23%
*22%
29%
*50%
41% V
-
*50%
*105
.7% *
15
Eureka Williams Corp
Evans Products Co
500
8
*51%
52%
*
X:
8
Natural
Paso
Erie
10%
*Ob%
8%
7%
r
29%
8
700
87
18
37%
£5
23
-
13,630
23
23%
*8
153
5.100
9%
56
23%
28
190
3Va
10
'23%
.
103
*105%
3%
3%
3%
87
-
160
*
107%
110
*103%
6,400
El
209
15
14% Jan 13
153
Jan
3
143
Jan
4
47 - Jan
3
23
Mar 31t
No par
Empire District Elec Co
17%
2.3(H)
51
Nov
25% Feb
36% Mar 29
No par
*18 Va
Apr
190
18
x
Elgin National Watch Co
263
8% Feb
>
No par
No par
Battery
Storage
18%
*107
107 %
Electric
Oct
27% Feb
l
shares
Light
50%
3.%
1C7%
&
Power
14%
X18%
138%
107%
Ind Am
Mus
preferred
preferred
$6
400
23
49%
$7
2,000
51
*1C2%
v
Electric
151%
50%
*25
r
Elec &
4.900
166%
*150
50%
*107
•
2,400
3%
17
200%
196% Feb 27
109
31% May
61
4
246% Mar
>
'3b% May
v
Nov
Jan
.
57
Sep
16%
30%
111% Feb
No par
14
17%
1%%
152
3Vi
16%
7
19
3
3u
-
Jan
23% Mar 14
*
;
3
common
preferred
50
19
*17%
*
14%
»iav2
3%
17%
23
23%
51
3%
17
166%
152
165
152
165
Boat
(The)
Jan
24% Apr
51
53% Jan 16
•
-
1
—5
Co
'
21
24% Feb
.
Highest
$ per snare
$ per share
109"% Mar 15
JJ
100
Nut
3
Jan 13
Year 1946
Lowest
/-
$ per share
V,
V 48% Jan 14
£2
Jan 15
104
Jan
7;
100
Auto-Lite
Electric
*36%
x
1
com
preferred
Elastic
33%
17%
Inc
preferred
Ekco Products Co
13%
165
Stores
Bros
4%%
36%
•
100
4
cum
Highest
,19% Jan 16
/
17% Jan 29
_1
Steel
;
S per share
lO
Co
Stainless
Eastern
Lowest
Par
Eastern Airlines Inc..
700
x
Ranee Since Jannary 1
'
t
3,800
23
38
STOCK
YORK
EXCHANGE
Shares
t per share
23%
*36%
NEW
?
the Week
22%
<■
38% V
241
Friday
Apr. 4
22%
22%
-39
-
I per share
t per share
22%
21%
*37%
-
Thursday
8 per share
.S per share
,
Wednesday
»xx':
Apr. 1
21%
23
/
t
Apr. 2
Tuesday
Mar. 31
Range for Previous
STOCKS
LOW AND HIGH SALE PRICES
'
jun
21%
:
Feb
23% May
100
Apr
49%
Jan
28
Feb
-Number 4583
Volume165
THE COMMERCIAL
& FINANCIAL CHRONICLE
21
NEW
AND HIGH
LUW
Monday
:
Saturday
S per
share
>•'22 /
22
i.
46
I per
:
:*16
16*/4
♦16
*16
16
noiya
102
3iy4
v
■
15'/2
15%
15%
7'A
IV*
IV*
7
■T 20 W
20%
10 y4
*15
id%
18%
'
.
15 y4
18
1-7 %
18
71/2
'
'
>iej
108
110
13%
*
20%
151/4
5172
75
75
U
1
35%
158
35%
42%
■
*13%
47
*129%
,
46'/a
.*11772
118
130%
eoy8
60%
128%
1287/8
105%
10572
597a
•
147,
130
.
*117% 118
43
-
47
*129 7a
-
-
47%
130
105 %
-s
22
.
*3%
*3%
37a
14%
143/4
28
!'
1757a
,.137
,..5
4
*133
12%
.159
43
-
593A
'
*23
;
23%
34%
34%
119%
119%
1472
*34%
345/a
57a
34 V*
3474
*.04
106
*34%
107%
*106
*95
^
10772
*106
94
31%
31%
26'A
*103%
26%
40 !A
*55
57
*6%
'
63/a
*120% 123%
*28%
65%
65%
*10374
;
104
104
*1033/4
2572
39%
39 72
55
55
287a
65%
'i
63
104
«1
123%
2874
*103 7,
3972
287,
647a
64%
1037,
103%
.
$5
393/4
1,900
V
vyi*
,672
3
100
103 7,
300
54%
55%
5574
56
55
557,
1077a
107%
*106 72
1073/4
200
19
19
•
,
,
'71:7'%
7
*36
18%
18%
187-
1872
177,
I8V2
18
4%.
47a
4%
47s
47,
47a
4%
4
4 74
7%
474
7%
7%
73/a
7%
7%
77a
772
37%
772
*3572
375/a
1574
153/4
15%.
317a
317a
315/a
*104%
10574
104%
*97a
107a
327a
327a
*3572
15%
31Vs
:
•
i61
'•160.
■
-157a
317a
104%
10472
1057,
105
9%
97a
*
13%
37
42%
4
-
XL
:1
15^;
,
717-
717a
19 74
19%
31
7274
317a
*104
'
-(;7
159%
;
10374
'
24
6%
6%
;
*83
23%
*0%
7 V).:,
*83
87%
*11% '12
,31%
3,100
Grant
1057,
90
Grand
Dec
29
Apr
4072
Jan
7274
317a
30%
*7074
71%
71.3/4
193/4
*19
20
*19 V4
:
233/4 May
26 V« Mar 14
31% Feb
24%
Nov
48
Oct
150
133
71%
20
200
31
30%
31
30%
30%
104
*10374
104
103%
23%
103%
280
24 7a
2,600
*6 7a
6%
500
2472
243/a
243/4
674
6%
6%
8773
11
1172
12
1172
11%
117a
*42
45
427a
42%
*4172
62 y2
62%
62
*86
877-
11%
*86
11V4
10 3A
117a
*117a
11%
44
*42
44 Va
117a
*40%
62%
617s
623/4
62%
3,700
877a
11
3,300
11%
2,400
423/a
600
$5
5,700
Gulf
62
1
31
140
Jan
May
124% Jan
29
101
Oct
132
32 V* Feb 27
35% Jan
2
32
Nov
49 7a
May
247« Mar 11
30
1
24%
Oct
463/a
Apr
100
& Rubber Co
10374 Jan 28
5
32 y2 Apr
100
;
Razor
103
100
94
No par
(W T)
108
Oct
106
36%
Oct
567»
Jan
53
Dec
58
May
18
5% Jan
3
100
119 Va Feb
7
10
57% Jan 24
7
xl02
53
106
Jan
Mar
5
6
25
35
Jan
27
NOV
473/4 May
11
59%
Nov
887a
25
100 %
507a
Sep
197a
Nov
43
Feb
5
57a
Oct
16
Jan
12 7a
Jan
8% Mar 27.
41
26
33
10
107
Jan
9% Apr
3
Mar 28
Jan
23% Jan
28
101
Jan
10
12%
Dec
18
337a
177a Jan
16
2774
6
137a
Dec
3
407a
Oct
163 7a Jan
,.
57/
22 V*
27/-
'
158
Nov
Feb
40%
Jun
Feb
112
Dec
27% Mar
23
5472 May
.'
Nov
49% Feb
3
.
Nov
5
14% Jan
,
4
64
Oct
14 ya Feb
2
Jan
Apr
127a
10
Mar
'
60
Oct
30% Mar
6
377a Feb
Mar 20
159
5y8
2
16% Mar
31
-100
Jan
10
53/4 Feb
13
26
Apr
1137a
Jan
24
Mar 15
13 Vt Feb
Mar
77
Nov
10574
Apr
107
Sep
21
102 V4 Jan
41
NOV
Jan
100
,
Jan
116
61% Feb
lo
A
Jan
1513/a
4
108 7a Mar 28
2
3% Jan
83/4
NOV
15
104
4
1774 Apr
5%
71% Feb
16
Mar
6
Apr
Feb
33
16
Jan
Feb
1227a Mar
27% Mar 11
61
2
May
7
6
•49% Jan
1
Feb
Feb
Jan
103
12% Jan
29% Feb
Dec
13%
.
Dec
35
;,; 21,
;v. 64
t).v
Feb
v
Jun
-
.343/a
Jan
1887a
Oct
Apr
'
70
Feb
5.
'55
Oct
79
757a Jan
7
6174
Nov
105
217a Mar
307a Mar 14
102% Jan
4
5
20%
Dec
Feb
.
38 7a Jan
6
307a
1057a Feb
27
1027a
Oct
27% Feb
3
237a
Dec
8 3/a Jan
10
67a
Oct
13%
24
897a Jan
2
107a Jan 16
14% Feb
3
97a
Sep
Jan
86
Jan
80
54% May
Feb
111
Nov
Apr
Apr
Jan
108
Jan
3074
13
143/4 Feb
1
12%
Dec
48% Feb
7
3174
Oct
78%
63% Feb
8
567a
Sep
78
Jan
13 7a
38 Vz Jan 16
57% Jan 16
lOVa Jan
No par
—25
Dec
527a
6% Mar 29
No par
May
20 3/4
14
22
No par
Corp
Apr
Dec
55
No par
preferred
423/4
100
30
Mar 11
—No par
—5
when issued
Common
Sep
Jan
1027a
No par
No par
No par
No par
.1
5
Gulf Mobile & Ohio RR_
104%
105% Jan 20
No par
—
Oct
22%
.1
—
Jan
96
Mar 31
393/a Apr
00
Co..
118
32
No par
preferred
Sep
5
1
Co
Jun
10274
Feb
16
Steel..^
60
98
Apr
City
Feb
Nov
Mar 31
Jan
Motors
111
32%
105
22
24
com
Oct
11
40 V4 Feb
Jan
100
(B F)
July
108
104
preferred
/ Jun
2
.5
(The)
Apr
273A Mar 10
No par
preferred.
Jan
Feb
137
104% Mar 11
2
No par
Oil
73/a
112 Va Jan 22
Bay & West RR........100
Green (H L) Co Inc
—1
Greenfield Tap & Die Corp—No par
Greyhound Corp (The)
No par
4% %
preferred
100 ■:
Grumman Aircraft Corp
1
Guantanamo Sugar common
1
$5 conv preferred
No par
900
Jan
4% Mar 26
Green
20
Nov
preferred_.No par
Corp——.20
Preferred
230
217a
Feb
Oct
6% pfd—No par
Great Western Sugar—..—No par
2,000
\;60
*86
.
24%
159
00
6%
11%
247a
159
63
23%
.7
-H
160
*60
71%
104
23%
24%
*158
26
Feb
Oct
Great Northern Ry
7 '2472
Nov
2%
2,200
64
15
147a
2,900
243/4"-'
19'/B Jan
Feb
803/a
4% Feb
14
ieo'",v?"
114
16% Jan
437a
19%
104
3% Mar
6
11
7
13%
70
„
15% Jan 16
20% Mar 14
Feb
65% Feb
14% Mar 11
42
'
Jan
132
42%
7a.
Jan
123
Oct
103
f4 '27-
.
1357a
Sep
Nov
43
300
Dec
-v
47%
Dec
Grayson-Roblnson Stores Inc..—1
$2.25 cum. conv. pfd._
No par
Great Nor Iron Ore Prop—No par
900
126
12474
14
u */8
13174 Feb 25
X122
3
Instrument Orp_No par
Union
3%
14
101%
•14
34 Va
Aug
129 *■>: Mar 25
*32
*11Va
,v-
■31
*10472
yv/4
543/4
Feb
Hosiery.......
Granite
*32
Jun
Jan
105% Mar 31
14
•60
87%
11%
1,500
34 72
Feb
42
51
23
2
35
*158
'• :&>
19%
30%
,
104%
23%
9%
567a
17
.42%
24%
(te- !,
43?
64
*19
15 72
10
Oct
47
Granby Consol M S & P
36
157a
105
Feb
39 y8
Jan
2,100
36
100
Apr
45% Jan
Mar 14
29
Graham-Paige
153/4
3174
Apr
52
23
8,900
.
40 3/4
182
Dec
Co
Gotnam
1,800
Oct
Oct
337a
125% Jan
*32
'
^60'
■
273/4
156
90% Aug
473/4 Aug
xl01% Jan
*13%
14
25%
64 ■'
18
Sep
36% Jan
Brewing Co
37
1572
31
•
"60
*3572
315/a
•7 *9% 710 7a
33
32%
:-13%-%13:%
'437a *43%
-25% "25%
■
3772
15%
.
-
Apr
Dec
2
$5 preferred
Goodyear Tire & Rubber
*5 convertible preferred
5 ,jluo
10772
7472
x35%
30% Jan
Goodrich Co
*107 7a
163/8
8% Sep
v
2
13
78%
39% Feb
.
-1
4,300
5.6'/a
Apr
5
Corp
6472
10772
Apr
Jun
6372
5574
11
Jan
47% Feb
;
Apr
•
28 7a
IP/4
Gold & Stock Telegraph Co
Goodall-Sanford
Inc——
10772
14% Feb
5
200
Nov
2672
1.4UU
567a
13
Dec
*
13
-
Oct
28 74
108 7a
1 /*xl70
9
Oct
123 7a
56%
Feb
'
18% Jan
16% Mar
No par
28
*107 7a
175
Dec
Apr
No par
100
10c
*1207a
103 74
143/4
4%
conv
Goebel
600
313
Sep
14
Corp
Brothers
4%%
71%
10 V*
17
109
115
Jan
51% Jan
.
.
'■ilWf
Sep
13 Va Feb
5
preferred
$4.50
Glidden
213/a July
Dec
48
2074
Safety
Gimbel
Dec
104
8
conv
5,900
567,
6%
123%
287,
100
'
1027a
*55
67a
*12072
-1
647,
104
567,
•
63/b
" 25
Mqy
No par
preferred
preferred
Gillette
6,609
10574
243/4
3%%
137a
24
1413/4 May
9
447* Jan
No par
preferred
474 %
30
30%
*100
40
30
%
957a
*104
25
*55
!
10672
307,
1027a
*39 7a
6%
*120%
2874
64%
*100
*94
Nov
Jan
8
General Tire
1,200
13
Jan.
13 V? Mar 26
Telephone
4V*%
33
*105 7a
105 74
24:j/4
102 72
*673
106
General
15% Feb
15
78
24
26
Gen Steel Cast $6
Gen Time
106
32%
31%
24%
■
>104
33
x30%
*100
12372 >
*10374
106
32%
317a
6%
2874
-
200
95%
57
*12072
29%
1,000
26
106
40
6%
;
34
*94
104
102 72
1 39%
>55
40 y4
480
34
Feb
Feb
Shoe
*24
26
677a May
38
6% Feb
26% Feb
General
3472
Jan
Dec
4
40
■
1
Refractories
1,600
34%
Jan
17:7t May
2iy4Marl8
General
118
26
29%
Jan
J—10c
400
34
Jun
Dec
7%
Feb
Railway Signal
6%
preferred..——
Gen Realty & Utilities.
2,700
Apr,
223A
Sep
33
Service
Utilities
118
95%
2672
*10074
Public
23
Jan
21
17
160
common;JNopaf
Precision Equip Corp
No par
Public
34%
*104
337a
31%
5
*22%
-11%
34% Mar 18
Adv
Gen
1183/4
1077a
*
10574
3 26
103
'
5
5
153/i May
Oct
14% Nov
8.
2
par
Sep
Sep
8%. NOV
21
Gen
22%
7
18%
No par
Gen
200
107*
7
2
8
28 V* Jan
series
$3.75
Gen
137
Jun
5874. Jan 31
Mar 11
74% Mar
17
Jan
151 Va Feb
preferred
700
273A
*277*133
July
100
Corp
7,600
3%
143/4
112
109
41V«Jan 16
No par
—No
2,700
3%
1472
273/4
*24
106
*5
33/4
*94
32
*103%' 1051/4
*100
22%
Mar
11% jan
.
preferred...»^...100
.Gen Outdoor
17
*106
95
1,600
17
34%
343/a
33
Preferred
347a
24%
*104
34%
96
;
31%
!
106
34
34%
347a
26
*24%
*104
800
2,500
Sep
18% Feb 24
15
preferred-;—126% Mar
1047a
99
110
2
14
General Motors Corp.__.._...__lO
1287a
'
104%
Jun
—No par
common.
conv
48
43 y* Feb
Mar 12
Jan
168
100
60
—
Corp:
Mills
8% *
*11772
24/a
,
"
.
34 V119
8%
19,300
14%
227a
34%
General
20
593/4
22
.4%
23 7,
328
Foods
Nov
9% Feb
27
xll% Jan
5
Co
General Instrument
500
118-
58%
; 137;
5
General
,.
•
*2772
*133
*23
'
24%' 26
273/4
137
1177,
3,U00
2872
XlTTi.Feb
3
19% Feb 28
Jan 11
50-
preferred....-—
2nd preierred
Electric
2
12%. Feb.
13% Mar 14
No par
_B
Ho par
Cigar Inc.
preferred
General
1,800
.*1177s
'
7%
30
130
223/4
■
*37a-
34%
'
23,200
49
130
17 3/8
223/8
..
487a
•
1043/4
17 7,
74
33A
11872
General
'..
1577a
35%
Ve;
14 7,
123
:
23
*118
600
'
30
43 7a
59%
.
Xl043/a
:
:,5
.
22%
34
1st
Jan
273/4 May
87a Feb
1
10% Jan
100.
105
conv
1474
118 7..
5974
143/4
'
4%
4%
Nov
17% Feb
3
5
preferred——
Bronze Corp
General Cable Corp
3,900
16
Mar 17
377a Apr
.
—.—100
*8
140
43
487»
xl28
22
*2772
/'VVv
7
1
General
700
61
i8
21
14% Mar 13
1.66%
Amer
300
143/4
1307a
v
•
••
43%
48
473A
.
1
"
173/B
*133
35
Corp.
preferred.
Transportation
General
Baking
1,400
Jan
Sep
Jan
U
17 V2 Apr
preferred—...—50
Gen
16
6% Jan
9% Jan 13
50
Gen Amer Investors
44
157%
V
Container
75 7s
*29 '*•
3574 ••'35%
f
53%
50 Va Fee 10
10374 Mar 10
19% Mar 11
1
preierred-—
conr
11
12*4 Jan
No par
*4.60,
'127, ;V
44
29%
3%
27%
*743/4
4%%. conv
Gaylord
6% %
20
i
1
Co
1,600
14% '
127a
75%
159
129
•
* per 6uare:
Sep
45 V2
.-.'v V
1,300
175.%
14%
>
44.
14%
137
■5
g
'
,
*173.
.15
*14%
105%
30O
2,700
FRIDAY
12
2972
147,
17%
14%
14%
27 74 *
28
*133
5-
.
GOOD
52
11%
■
>
HOLIDAY
110
51%
•
"
22
.
*105 7a
11%
*11772
22%
'
110
127a
35% ;tj,
43%
1057,
17%'
'
203/a
39
30% Mar 26
Jan
9 per share
6
22
'Mar 14
100
,..
Gar Wood Industries Imk
2,100
109
52 72
118
105%
177a
22%
22%
_1
100
Co
(The; common
Co Iao (Robert).>
Gardner-Denver
900
.
14
*7472
1
v
13%
*43 7,
29
200
187a
11%
*173
.
7a;"'
129
17 y2
*17
common
preferred
25% Jan
s
16
ptv.erred—.—2—^.^.20
Galvln. )4fff
Gamewell Co, (The)
_l\to par
'
.
*11772
58%
•
14
*12972
6072
*18
i
•
17%
130
129
*128%
:1572
105
/
rr
*14%
52
'
757,.
158
357,
;
,
43 -
42%
14 7» : "14% ;
"
;
14%
47
V
158
; -
35%
'
28%:
2,300
377a
-
.
10%
173/o
*101
•:^4;/1;;;: •>
44
1074
377a
14%:,;; ;.*14%
12
12%
*7472
i
'2974-. "•
V *15774
.
35%
"
:
.
447a
.-29,-.
Co
9 per share
4474 Mar 17
Malting Co Inc^l
kear1946
Lowest
Highest
Highest
9 per share
10
Gabriel
900
17%
*10572
f..
U3/4
175%-,'V
14%
74% .'75
•4374
43%
*29 V*
29%
*157'A'158
'
&
7 7V
18% Mar 14
-■■■
Trailer
cum
Galr
20%
37%
517a V'1 '
■
*20 —
•
'17%
110
51
*173
12%
;
4%
1,300
772
14
11%
.
12%
Fruenauf
1,900
18 y4
105
*105 72
'375%
17572
15 r 15
' vS* 14% / 14%
12%
Froedert Grain
40
67/a
774
14
"•'•;'/
1
7%
108
11%
*173
*12%
Lowest
.——No par
Freeporv ouxpuur
5,500
15 y2'
:
7%
*101
199 7a
11%
*
15
6%
-
*37;
38
14
105 y2
r
k
143A
:
10%
XI81/4
7%
:
.
20%
*15;
18%
;
7
,•
10 y8
^'17^.17^
14
51%
-
12
15
20%
38
17 y2
108
*103 *
51%
51 Va
*11%
42%'
15
7%
38
"*17%
13% -13%.
.43%
1017a
'.' 6%,
17 y2
7%
38
17%
*105%
1017a
*
.7%
39
Francisco Sugar Co
Range for Previous
.Range Since January 1
'
,^
Par
600
200
101%
aTOCK
kUKiv
EXCHANGE
'
_
Shares
16
»1011/2
NEW
'
V
700
317a
15
15
•
7%
*3«
13
31%
10y4; 10 vk
107a
*15
15 y2
,
t
;
457a
3iya
'.IV*
!*2Q%
20 y2
10 V4
16%
f per share
/
v
the Week
;
20
/ 45%
31%
102
15
7 Vc
20 y2
ya
*19%
Sates for.
v.
G
*1574
1.0V4
*16
31 ya
*ioiya
45%
Friday
Apr. 4'V"
I per share
V
21
45 Va
J
,C
Thursday
Apr. 3
v
20 y2
46
16 y»
•_
>
I per share
21 %
*45
32
<
102
21 y8
45 y2
3iy4
3iy2 7131V2
*101 72
22
45 Va
j-
t per share
share
*21 y2
.
46 r;
V
Apr. 2
,
RECORD
■••;>STOCKS
Wednesday
Apr. 1
STOCK
SALE PRICES
Tuesday
Mar. 81
Mar. 20
YORK
Dec
Jan
May
H
LOW AND HIGH SALE PRICES
Saturday
Monday
Mar. 29
;;
,
9 per share
,35
< per
35
1774
1774
108
*105
35
1774
1774
*106
10574
22
$ per share
share
*35
17%
*17
35
400
Hackensack
17%
17
17
300
Hall
1774
177c
17%
900
Hamilton
103%
1937a
130
106 Va
22
800
Harbison-Walk
700
Hart, Schaffner & Marx
Hat Corp of Amer class A
4y2% preferred
35%
*105
105 74
*105
22
2272
22
34%
1067s
22 %
22%
*8
177a
105
160
106
*15372
353/4
101
8
X34
*9972
3/8
*104
I
160
*9972
106
*152
34%
874
101
Par
Shares
:
*152
35,
*8
33%
8%
*100
101
21%
160
*33%
8V4
*105
8
*100
101
6%
600
8
1007a
$ per share
Jan
39
19
Jan
22
103 % Apr
112
Feb
4
105
217a Mar 19
108
Jan
No par
243/4
Jan
100
.10
1
100
Refrac
preferred
$ per share
11
3
i63/4 Mar 11
Mar 31
Jan 27
3374 Apr 3
8
Mar 20
x987s Jan 14
160
12
1974 Feb
17
3
Mar 12
conv
Hanna
33%
347- Apr
-5
No par
Co
preferred-—
—100
(M A) Co $4.25 pfd__No par
4%
160
Watch
Lowest
Highest
9 per share
25
Water
Printing Co
(WF)
Year 1946
Range Since January 1
Lowest
177a
10574
V*35%
I per share
Range for Previous
STOCK
YORK
EXCHANGE
*17 7a
*105-
*1537a
*100
$ per share
NEW
177-
108
8%
the Week
1774
17
*22
Sales for
Apr. 4
*35
17
■
Friday
Apr. 3
I per share
*106
36
Thursday
353/4
"•
*8
Wednesday
Apr. 2
Apr. 1
35
*17
•
22
; *35
Tuesday
Mar. 31
STOCKS
Highest
Sper share
40 7a
May
35
Nov
15
Oct
24
Aug
173/4
Oct
26
7a Jan
103
Oct
119
Apr
30
1057a
Jan
109%
Apr
30
207a
Sep
4
34% May
170
Jan
27
15172
Nov
39 Vz Jan
6
33
Nov
60 72 May
1074 Feb
3
8
Oct
163/a
Jan
10074 Mar
160
7
99
Sep
106 72
Jan
Aug
*9
9%
*9 7a
9%
*9 7a
9 72
9
97%
9
Q
Industries Inc
1
8
Jan
13
Feb
8
8
Nov
20%
772
7%
7%
7%
7%
7%
7%
IV?.
75/a
60(*
3,800
Hayes
r7%
Hayes
Mfg
2
67a Jan
16
87a Feb
11
57/a
Nov
15%
Jan
30%
30%
30%
30 3/3
30%
30%
30%
30%
1,100
Hazel-Atlas Glass Co
Mar 10
35% Jan
8
2974
Oct
36
Dec
*26%
277a
26%
26 3A
2774
277,
2 6 3/4
26%
500
2674 Mar 13
30 3/4 Jan
2
2872
Nov
51
May
31 ,31
,
,;263A: : 26%
'
*103
,c
7104
739 74
40
:;<m
?
5
•
f
«-
.,
*6072
*157
'*103
.
106%
*103
'
40
106
104
*3974
*106
•*103
40
104
*103
40
*39
106%
*106
*39
106%
61
{•'59%' 59 V2
77i31%Vl327a
6074
*157
58
"■
6074
161
•'19.
!'■;*
158
*18%
58%
132%
57
1283/4
*2172
60
157
*
*128
>21%'V 23%
7*30 )' 31
7*24% 27
7 ,25% 25%
60
19
*131%
*8'0%
■
83
712874 1287,
56%
128
*21
V'
3072
30
26
*155
159
19%
J9V?
57%
57
31
128
128
*20
*20
26
*29
31
400
*25 Va
25%
100
25 2/3
253/4
2,7ni
21%
•
>
25%
25%
25%
17%
1774
17 74
*1674'
17
223/4
23
*22 7,
22%
42%
43%
<
22%
*22 7,
41%
41%
41%
42 7,
1672
«•
16%
16Va
16 74
%
16%
51
*50
■"
32 y2
51
32 7a
ioi1'
-V
*50
32 7a
101
-r
V
32
23
22
42 74
167,
15%
51
*50
17
100
22%
200
43%
8,300
16
2,400 *
51
100
no
Holland
<C
to
Apr
1
Jan 16
165
"
Nov
Feb
5
46%
72 74
*87% '••873/4
"
1
130
Jan
139
Apr
1
76
Sep
106
May
132
Jun
3o
123
Nov
146 72
2972 Jan
22-
4
32
Feb
10
Jan
29
Jan
29
3
23 72 Marl5
317» Jan
2
Oct
Nov
26
21%
'
Sep
19
Feb
3
25
22
4172
23 7a
For footnotes
22s/a
see
237,
page 27
7aiu-
Sep
34 74 May
Sep
56
No par
227jMar21
12.50
No par
3574 Jan
23
43% Apr
2
34%
16
50
Mar 28
28% Jan 11
x9972 Mar 27
19% Feb
1
127a
Oct
28%
NOV
52 7a
Apr
Jun
Jun
$2.25
preferred
Household
32%.
150
87%
1,600
Houston
Light
9,200
CToii<!tnn
oil
3%%
15% Jan
50
Finance
1017a
"2 3'A
gg
*
■"22%,,
23
n'kI
May
Homestake
Mining
Houdallle-Hershey com
327a
•^2%
Jun
37 72
40
Holly Sugar Corp
1017a
87%,
Apr
Oct
18
Jan
3972 May
May
x43
Dec
22%
7
Jan
25
32%
88
Apr
Mar
com...
preferred
No par
100
56
1
Feb
21
46
323/4 Apr
3
27
Sep
35%
103 Va Jan
20
99 7a
Dec
1117a
6
78 74
'
-■
Jan
Apr
Jan 27
Mar
Sep
38%
82
133
22% Mar 20
16
Jan
Aug
Dec
1774
29
6
Dec
192
1697a
8
25
5
Dec
90
22
63
105 74
Oct
61
Jan
1
iA)
•
2274 Feb
76% Feb 26
12572 Marll
44
Dec
-Dec
■■
;
Apr
1093/4 Mar
Nov
41%
103
29
(Del)
oons
1007-
1,000
Jan
.10
The
Furnace
Jtxuiiauuer
68
54
Jan 16
13172 Jan lo
5
Inc
Ei
3
Apr
100
Hlnde A Dauch Paper Co
w,r°c
13
No par
No par
,
101
13
17
Powde^^.....^—..No par
Hewitt-Robins
423/4 Feb
1077a Feb
157 •'
No par
—
103 7» Mar 11
13
Mar 31
56
r.
Jan
37% Mar 14
106
preferred...—100
preferred.
325/a
83
223/4
v
*16
.25
Motors
997a
32%
101
8S72
16
51
52
100 7-
V
25%
,
,
—100
Chocolate—
$4 conv preferred
FRIDAY
22
100
.25
—
W)__
non-cum
b%
—_—100
;
Co.
preferred..;
Hershey
60
30
25%
23 %
GOOD
./
26
257a
-'100s/a '100%
/••7ft <%•••' 873/4
HOLIDAY
(G
Hercules
20
300
7a
30
*163/4
32%.
1327a
'
23 74
*49
2,800
81
17%.
■,14174-! 141 %
57%
7%
J)
cum
Rercules
800
*132
"1*223/4
H<iA16%
30
197a
81
128%
Helme
x30
15 <„•■'
preferred
(H
3.65%
500
*2574
30
2672
20
56
132
128 3/4
23
30
*247/a
56
81
G'2
128
59
132
1327a
82
23
1974
57%
*1317a
83
*155
1972
Heinz
39'/2
1067a
__25
Co—
3%%
104
159
577s
'7167a
-
1067a
i
V 161
780%
104
'
!9%
;
>
*3974
106
Hecht
Corp
of
&
Power Co—No par
feYo®
r
r,
o
25
.
86V4 Jan
lfi34 Jan
94
13
16
-
Mar
233/4 Mar 28
1 4 Va
Jan
Feb
Sep
96
Dec
OCt
in
4
r
1
•
12
RECORD
STOCK
YORK
NEW
Monday, April 7, 1947
FINANCIAL CHRONICLE
THE COMMERCIAL &
(18/8)
Range for Previous
STOCKS
LOW AND HIGH SALE PRICES
Saturday
Mar. 29
Mar. 31
$ per
9 per
share
*24%
25%
37%
36%
5 %
5%
38
37%
*5%
5%
11
11
38%
37 Va
38
17%
17%
17%
*21 % '
21%
21%
35
25%
,■
5%
5 J/8
11 J/4
11 J/4
37%
37%
5%
11%
5%
*10
11%
*37%
38
17 -•
17%
17%
17%
17
17%
22 %
22%
21 »/2
21J/a
1,400
Hunt Foods
21%
5%
5%
5%
5%
1,900
*35%
1,100
10,700
5%
35%
*35%
35%
35%
25
25%
251/2
26%
25 %
23
48
48
96
94%
94%
,19%
*93%
96
9%
9%
*
19%
9'%
9%
'
27
27
27
27
9
HOLIDAY
27
*26%
27
13%
13%
13%
13%
*13%
13%
13 %
44
42%
43 %
43%
43%
•43'%
FRIDAY
GOOD
13%
43%
43%
119
;;
116
116
*116
*178
180
*178
180
*178
180
35%
36
16%
161/8
*7%
7%
41%
,
*107%
36%
35%
36%
35%
35%
16%
16%
16%
16%
16%
*7%
7%
7%
7%
*7%
7%
43V4
43%
43
43%
51/4
5%
51/4
5%
5%
5%
12%
12%
12%
12%
12%
216
86%
87%
87
87%
183%
182%
■•/
87
183
183
183%
87
Jan
93
Jan
21
99%
Apr
A-i-—-1000
15
Jan 16
Sep
14% Oct
5% Oct"
36
ctfs series'
Rayon
Interchemical
Intercont'l
4,100
'
200
5,400
370
6,100
2,200
88 /:
88
*£7%
88%
*87%
88%
87%
87%
200
4% :
5%
32
*135
136%
136%
136%
*135
47
47%
47%
47%
135
135
135
48%
48%
105
*103%
13%
*13'1/4
*109
*103 7/s
>.
109%
54
*40%
41%
47%
13%
110
48
.j,
*32
39%
14%
14%
14
14%
14%
14%
14%
14%
*23%
24%
*22
23
*41%
42
41%
*150%
152
*150%
49
109.
10%
*108%
10%
124
111%
*110
140
*127
J
48
108%
*108%
122%
122
123
*121% 1231%
119
*1171/2
66
*64%
110
35%
*110 J-1' 111%
*127
140
34%
*110
111%
140
*i27
34%
35'A
98%
98%
98%
98%
35
34%
35%'
33%
341/4
18%
18%
18%
35
*98
■
10%
May
Jan
661/4
May
112
Oct
195 '/
Aug
5% Dec
13%
Jun
881% Mar 28
Jun
Nov
102
27
175% Dee
202
10% Feb
11
6% Oct
30% Feb
27
8
Apr
15% Apr
45
Jun
101
Aug
Sep
Jan
29
90%
Dec
5% Feb
8
41/4
Oct
96
Mar 14
103% Jan
11%
8~
16
16
-
65%
111%
1140
34%
(F L)
Co
Jan
50
Apr
-.
37%; Jan
-
r
1
2
v
2
38%
95%
Oct
18
11%
Nov
Feb 20
98%
98%
■V.
34%
33%
18
18
&£•
4%
113
Aug
26% May
125
101 %> Sep
/*
Sep
70% July
Oct
49%
39%
Nov
60% Aug
67
-
7
Dec
42'% Aug
11
23% Feb
19
•
3
38% Feb
42
26
9% Jan
8
47% Apr
2
.100 i
18
600
t'Y
•14,700
24% Jan
8%. Dec
14
100
July
108
Dec
4
45%
Nov
59% May
8
107%
Dec
114% July
24
115
Oct
167%
Apr
6
1
111
Sep
153
Apr
.123% Feb
' 66
Apr
112
Jan
Jan 28
110
—
Jun
110% Jan
8
"
Aug
163
2
28
Mar
54
50
Dec
141
137% Feb
117% Mar
r
39% Dee
6
Jan
53
Mar 25
121
,
Apr
34% July
Dec
20J/4
Feb
31% Feb
50
104% Feb
107% Mar 17
*
Mar
13% Feb
16
XIOOV2 Jan
-
14% Nov
231% Deo
Mar 24
150
5f
Jan
31%
Nov
14%
17% Feb 11
17% Feb 11
26% Feb
:
21'% Jan 24
1
pfd—100
A_
2
Feb
40
13% Mar/15.
No par
ser
50% Apr
9-
13% Mar 17
Chicagd1 RR stamped—10O
:
Jones & Laughlim Steel——:..No par
32% Jan
5 % pref series A—10(1
98
Jan
Joy Mfg Co..
-j-—:
.1 ^ ' 25% Jan
8,300
)?■
.-
2nd preferCd
-
July
52%
36
63%
Dec
115%
Feb
35% Mar 31
17% Oct
Feb
108
34
May
Apr
36
Sep
18% Oct
22% Feb 10
3
537/a
99
18
Feb
150
Mar
»
31% Nov
8
.
•
109'
11
140
39
Feb
101% Feb
' Oct
May
44
Joliet &
<&•
f/
3 4 J/2
17%
•
' 98%
33%
100
1,200
Jan
22% Apr
-
41/4%
..
JS'Bv.,.
wefaum ■
34%
38
preferred
100
Johns Manville Corp com—#0 par
3%%
preferred -u—
lOd
Johnson & Johnson j-12%
90
16
41'% Jan
Feb
55% Dec
*.
Sep
8
58% Feb
5
42% Mar 20
•
-143% Jan
Inc--,
Feb
42%-Feb
148
Aug
Feb
116
12:
Oct
28%
133
Feb
105
106'% Mar 24
1
—
Feb
20% Feb
250
184% Feb
.
Mar 11
45
——L——
Jewel Tea Co
•
119%
*110
*127
8
13
11
*
Nopar
——
Jersey Cent Pw & Lt 4%
120
1,100
u
66
Y
Dept
Corp
*
108%
*117%
13% Feb
225% Feb
Feb
"
.—No par
———-No par
1,000
108%
66 V
Jacobs
2,900
10
102
43
48
Island Creek Coal
$6 preferred
47%
98%
32%
7%
102
102%
Intettype
500
152
*150%
10%
10
102%
16
Mar 18
4% Mar 14
Stores——-No par
Interstate
200
•
22%
41
41
48%
65%
111%
1!40 ,'a'
34%
10%
Jan
87'% Mar 17
preferred
500
22%
22%
*22
*150% 152
*117%- 120
651/4
"
35%
41
7
26
common.23
25
Intern! .Telep &; Teleg.i—*No per;
Foreign share ctfs_——i-Ndpdf
7%
122%
125%
II71/2
65%
22'%
41
25
International. Silver
'28
Feb
59
'
108%
109
117%
65
22%
22%
/
,
v'
'
22%
;
103
AO
121%
*98%
1,800
152
102%
125
35
17,900
14
23
*150%
103
49
*127
14
14
...
22%
10
'
13%
14%
41%
103
*110
14%
41%
10%
65
13%
14%
14%
221/4
49%
125
40
23
1031/2
*117%
49%
32
41%
49%
Salt
Shoe
49%
23
*10%
International
40,
14%
105
108
70
Jan 33
176% Jan 21
'7% Jan 13
•
Cent: Attr——Wo par
/preferred
100"
International
50%
24
■■■■•„
5%
100
49
*22
152
$4
22%
11% May
-
Paper.
90U
*32
*23
v
*1021/4
*108%
&
14
Mar 21
4
2
11
Inter Rys of
100
Sep
35 «/4 Nov
Apr
'200
Co--—-——15
preferred ••—-———-No par
'
49
*14%
9
5
105'A Feb
preferred
Preferred
International
2,100
52
Jun
'
-5
& Chem_
i>■'
200
-v-
13
Jun
Aug
•: 44%
Sep
7%
8
Jan
53% Jan
110
Jun
190
Sep
13 J/4
13
8 J/8 Feb
50
———100
41
-
171/2 Feb
'•
2
40
47%
*32
331/2
8
*50%
-
13
14'A Jan
36% Feb
*40%
40%
5
136J/2 Apr
52
50
40% Feb
31J/8 Mar 11
40%
50
40'A
Mar 25
Jan
151%
168 J/2 Mar
133%'Feb 19
40%
*50'/a
54
18
Canada——-No par
130
12%
V
180% Feb
Int Nickel of
4%
12,300
109%
13%
Mar 11
International
47%
Jan
May
54
Oct
1,400
103% 103%
105
*
116
12,500
136%
'
22%
Sep
4
—————100
Mining': Corp———1
5
32%
46%
*109% 110%
110 V
,
40%
47%
40
*13
13%
13
r
110
40
;
*103%
*103% 105
105
*50
47%
*32
48 %
13 %
110%
'*50
135
47%
36
; Feb
35
100
—
International Min
32%
17
133
13
Jan
——r—No par
Hydro-Elec Sys class A
9%
"•
Jan
16%
Sep.
179
No par
Interlake Iron __:
No par
Int'l Business Machine
No par
International
Harvester.*—-No par
>: Preferred :
—100
28%
5
11%
Mar 15
36
"7% Mar 21
Corp
9%
32%
17
37%
Sep
115-
Rubber
28%
5 %
23
131% Feb
45
Feb
40% Mar 14
preferred
4 J/2 %
9%
32%
25
Jan
•
28%
*4%
30 '/a Jan
14*
Inc—_———1
Ctfs
9%
32%
7
.
'
•12% Jan
20
Inspiration Cons Copper:
Insuranshares
28%
5%
87
7
10% Feb
•
"
No par
Inland Steel Co
10
Feb
22
13
Jan
Feb
95
25% Mar 10
1
No par
-»—100
————
9%
32%
8 *
RR Co—».—5
Terminal
291/4
*4%.
Apr
451/2
9%
32%
441/8
85
28%
5%
8
Jan
39
Oct
29
32%
-Mar 23
Oct
9'/a
5%
Jun
Sep
28%
32%
Jun
10%
18'/a
9%
•
491/2
Sep
41*/
28%
.
Oct
5'A
31%
9%
£3
25%
5
Jan
7% Feb
7
28%
*87%
2
30.
7
Int
9%
Oct1
Feb
1,400
182%
*182'/a
14%
20 J/4 Feb
Feb
2,800
87
86%
•
87%
183%
13
451/2 May
34'/a Mar
54
Ingersoll-Rand
6% preferred
200
12%
25
Sep
30
•
215
*2031%
215
;c
182%
,
12
12%
*208
215
*207
208:% 210
87%
183%
,
12%
Dec
33
13
Industrial
2,400
5%
5%
5%
Jan
11%
3
13
Indianapolis Power & Lt—No par
Mex, S A—-
109
*107 J/2
109
5
Jan
3
43 % Feb
Jan
'
43%
43%
43%
*107%
109
.*107%
109
July
601/4 Feb
12%
43
100
Co„
Industrie Electrics De
3,700
47
Oct •
Oct
5
13% Mar
20% Mar 14
5'% Jan 16
35
$ per share
Oct
20% Jan
Stic
RR
180
16%
.12%
*210
*178
35%-
7%-.
41%
41%
109
180
"
: 30%
7% Feb 28
Jan 13
16
No par
■
16%
7%
*107%
*178
118%
*117 J/a
36%
35%
16%
118%
118%
118%
241/2
38% Mar 28
37'A Jan 14.
Co—-20.
Central RR
Illinois
200
•
*116
6%
2,100
1,200
1,200
3,200
9%
44
4334
100
No par
Leased
240
,
5
*
Inc——-——8.66%
1
Power
Illinois
20
96
*19
20
*19%
19%
*
9
*93%
£6
*93%
,
19%
19%
9%
X26%
13.
4% Jan 13
0% Jan 13:
Highest
$ per share
preferred series A—.—100
lines
,—100
Idaho
'300
49%
*47%
50
*48
13%
*13%
'%•' 9,200
35%
25%
*93%
'
32'/a Jan
Hupp Corp——
5%
5%
47
27
*
3
100
preferred-
non-cum
Feb
29
24% Apr
—
Hud Bay Min & Sm Ltd
Hudson Motor Car—...
21%
35
9% V
5%
400
2f500
24%
,
20
500
Year 1946
Lowest
9 per share
share
;—-5
Howard Stores Corp
Howe Sound Co
Hudson & Manhattan
300
1,800
.V
21%
47
27
37
17%
49
9%
24%
37
38
*48
*19%
24%
35
35
V
25%
25%
37%,
share
t
37%
5%
6%
6
5%
*5%
*10
10% x 10 Va
38
25%
vV
37
$ per
37%
25%
*24%
37%
25%
*25
Shares
$ per share
share
$ per
$ per
par
'
9 per share '*
share
Apr. 3
Apr. 3
Apr. 1
Range Slnco January 1
Lowest
Highest
EXCHANGE
the Week
i Apr. 4
STOCK
NEW YORK
Sales for
Friday
Thursday
Wednesday
Tuesday
Monday
May
K
*17%
18%
*18
Kalamazoo
400
•
*106%
107%
*106%
107%
107%
107%
107%
107%
*106%
•i. 100
107%
23%
24
24
24
24%
22%
23%
23%
23%
23
*51
53
*51
52%
51
51 >'
51
51%
51
51
*15%
15%
*15%
15%
15%
15%
*15%
15%
15%
15%
*24%
25%
25 ;
25
25
r» 24%
25
.
18"%
19v
19
1978
-19%
19%
47%
47%
46%
47%
47 Y»
47%
43
;43
25%
*1091/4
25%
■;
*42%
V--
112
431/2
43%
24%
109%
109%'
*17%
18
17
>17
*75
76%
76
76
31%
31%
24%
18%
46%
*42%
431%
*42%
12%
47%'
43%
31%
V
25
25
IO91/2
17%
*16%*
109 J/2
76
17%
*16%
76
*75'
76
31
76
*30%
200
98%
100
:• 90
■
31%
30%
30%
98'/2
*98
98%
98%
98%
981%:
98%
35%
35%
36
36%
36%,
36%
37%
38-
37%
51%
51%
38%
52
52%
4,900
51%
51%
51%
51%
51%
51%
46%
1,100
46%:
46%
47%
46%
46%
500
*98
*46%
46%
*46%
*30%
*47
700
•
130
Monday
Mar. 29
S per
Tuesday
23
Jan
t per share
share
Apr. 1
9 per share
5%
13%
13%
13
13
40%
40%
40%
13%
12%
13%
55%
*54
55%
*54
481%
48
48%
*47%
40%
*12%'
.
5%
*53%
55%
48%
48%
48
28
28%
5%
28
*53%
*99
100
11
28%
*99
11
11
*38%
39%
6%
6%
2%
*35
*7%
,
11%
39
39
6%
2%
2%
*35
24%
49%'
23 %
8
7%
; 45%
45%
18'A
18%
*21%
22%
21%'-
54%
54
6%
26
49%
24%
100
45%
*18
24%
7%
.
5%
5%
*13
Thursday
Apr. 5
I per share
5%
5%
5%
5%
the Week
t per share
$ per share
13
403/8
40
'/4
40 J/2
40%
13%
13%
*12%
55%
*53%
991%
38
.2%
2%
,
f7%
„*28
23%
73/4
27
99
101
37%
37%
505
6%
6%
1,400
2%
2,900
2%
:
*22%
19%
20
211%
X6%
6%
6,700
7%
I,800
45
45%
45%
46%
18 '/a
18
18
18
-
18
17
21%
21%
17%
21%
21%
22
21%
22
453/e
"
46
3.200
700
54%
52%
53%
54
:
543/4
52 3/4
10%
10%
34%
10 Va
10%
10%
10%
11
34
*38
N
34%
88%
40
88%
88
88
185%
*185
*34%
186
*38
40
39
'
39
39
50%
*50
51%:
50
46%
46%
*46 V-
46%
45%
46
24
24%
*104
24%
,
106
*104
24%
106
*54
24%
186
55
%
124%
*103% 106
Libby McNeill
*37%
39
*53%
55
50%
50%
50%
45%
44i%
45
25
24
24
*24
/
*104%
106
Prod
18
Ford
Preferred
..
..
Lily Tulip Cup Corp—
500
Lima
Locomotive
Link Belt Co_—
"1,000
•••
HOLIDAY
GOOD
1,900
FRIDAY
700
;4
Lion Oil Refining
Wks
19%
I Liquid
Carbonic Corp3%% preferred
18%
18%
18
18%
17%
18%
23
23%
5,800
23%
23%
23
71%
71%
23%
71
71
71
71
71
1734
18%
71%
18
18
•8,200
*2,200
18%
19%
18%
18
19%.
19%
18%
1,400
Loews Inc
Lone Star Cement Corp
Long Bell Lumber A
*168
,3,800
Lorlllard
169%
*27%
*166%
27%
273/8
27%
169
19%
169 "
;
19%
169
193/8
/
19%
19%
*167%
169%
19%
168
168
*27%
27%
*48%
49%
48%
49%
475%
48%
48
48%
*22%
23%
22%
22%
22%
22%
22%
22%
100
100
*18%
18%
100
•
18%
100
18%
100
18%
100
18%
r/;: 27%
*99
18%
27%
•
100
*27 %
28
"47%
,
18 s%
t
"
:
?
13%
400
1,400
8,500
22%
99%
:
20
43
22
■
j'.: /'.:;
V,',.'.-r'.'V
•:i
100
v
18%
150
1,500
Lockheed Aircraft
Feb
7
15%
Jan
6*
82
•
33% Feb
6
Oct
46
Jun
Dec
101
Sep
Nov
•Jan 16
39
Feb
5*
II
59
Feb
4
43
50
Jan
3
43%
48% Jan
n
/
•'
"
-f
s
;
.
.....Jr
,
45% May
62% May
SI
65% May
Year 1946
5 % Apr
9 per share
11% Feb
7
2
26
14 1 Jan
*•44•
39% Mar 25
.
.48
Jan
,
29
27
Feb
38
8
13.
103/a Jan
13
12% Feb
2
13
25
36% Mar 15
44% Jan
52
6V* Jan
.25
-100
;: Jan
2
17
Apr
9% Jan
50% Feb 10
:
24
Jan
.25
Feb
8
5.9% Feb
10
3
15
84% Mar 18
13
9% Feb 11'
6.
11
3
Apr
3
96% Jan
z ■
Apr
35
>
29% Mar 15
r
2
i
38% May
6% Oct
15% Apr
Oct
21% Oct
37% Dec
17
44
16
Mar 10
1C2% Jan
11
16V4'Jan
22 J/2 Jan
13
47 % Jan
;
,
16
No par
+-No par
—No par
3
;
7
30 Va Jan
9.
109 y4 Feb
.4
-
26% Jan
8
461/4 Jan
16
18% Jan 16
.,97;
Jan 31
14% Jan
2
Jan
Feb
99
Dec
48%
Dec
431/4 Ja»
.120
Aug
45% Ja»
Dec
Feb
13
251/4
Nov
41
Jan
94
Apr
May
Oct
35
Jun
5
;.
Apr
66
27
8
6
65%
88
Oct
27% Feb
23% Nov
43
18%
79% Feb
3
•
NOV
20
22% Feb
191/4 Apr
Jan
May
210'/2 Mar
Feb
Mar 17
167% Jan
,
37%
102
20
70% Mar 17
17
15% Apr
Oct
28% Oct
83
Sep
183
Deo >
10
Jun
May
44% May
74'/a Jan
NOV
10
10
I
;.56% Feb
33
*
21% Nov
43
Feb
'471/2 Mar 11
65%
/41%
62%. Feb
190
16
Jan
Apr
18% Nov
42% Feb
24
5%
64
Jan
41% Jan
42% Jan
17% Jan
6% Sep
2% Oct
'36% Mar 14
184% Mar 28
Corp
__iq
:.:25% Feb
21% Mar 17
491/2 Mar 11
--No par
100
;
.
Jan
55% May
1
'
x43% Mar 26
-No par
_i
11,
49%
x6% Apr
17%
10% Nov
34% Sep
7
3% Feb
~3
19
Sep
102% Apr
82
Apr
Sep
.
—-i.
i -Nopar
—100
.8% Ffeb
13
20%
&
Dec
49
9
2% Apr
1
Sep
share
0% Jan
14% Oct
68
May
4
lo
,
Apr
•
13% Nov
8!'
101 /
Sep
11% Dec
9
Jan 31
30% Feb
Feb
99
t 5%
3
56
Feb
56% Feb
;
/Mar3l
$ per
$ per share
•
14% Feb
11% Mar 14
53
Feb-
Highest
Lowest
Highest
9 per share
...,—5
Lowenstein. (M) & Sons Inc.
4%% cum pfd series A__
Lukens Steel Col
V '
Jun
Aug
96
.
33
34
Dec
29
100
.-
26%
13
-99% Mar
May
30% Aug
108%
;i
45% Mar 20
*
100
(P)
Co
—10
7% preferred
loo
Louisville Gas & El ,A«—^_No par
Louisville & Nashville-——
:_«50
For footnotes see page 27
20
85
CO—_i_—No par
19
*18
14
Mar 12
29% Jan 14
97
Jian U
74
.jNo par
18%
,
Deo
.-—7
———*
23%
72
108%
55;
Nov
13
._iNo par
-,-nUw
Liggett & Myers Tobacco—
173/4
72 /
21%
116% Feb
Glass —No par
& Libby
23%
23%
13
21
_5
Corp
Corp—
____
18
23%
13
27% Feb
16% Jan
.1
——:
300
*
104% 106
"
Owens
(The)-
Life Savers Corp
70
55%
•
Libbey
1,200
187
39
45
V'
*186
Fink
Lerner Stores
88%
50%
51%
55%
35
88%
?53%
55%
50%
54%
34,3,4
89
186
55%
'•
345/a
'■> 88%
&
2,700
II,300
1,500
543/4
10%
33%
185%
Lehn
-
900
52%
10%
88%
Lehman Corp
"
33%
185
52% Jan
49% Feb
Gas
Lehigh Valley RR ———=
50
Lehigh Valley Coal—
--Nopar
Non-cum preferred
50
$3 non-cum 1st pfd——No par
50c non-cum 2nd pfd-,^—No par
63
10%
88%
Jan
Jan
60'A Apr
41
Range Since January 1
......
2.900
45%
"
341/2
30
Sep
32% Jan
Lowest
(James) & Sons Co—
3.85% cum preferred—
Lehigh Coal & Navigation CO;
Lehigh Portland Cement—
250
11%
63.
'
Sep
11% Nov
2
23
Lees
1,600
11%
23'(
X20
19%
7
16
t
-
4%% preferred ——i—50
Lee Rubber & Tire •'——
1*
.—5
1,900
33%
185
Laclede
2,1 00
'
48
■
27
6%
-2%
,
49%
23%
48
"■• •
33 '
6%
8
20
107% Jan
*
Light Co
.4
La "Conso'lid 6 % pfd
75 Pesos Mex
Lambert vCo (The) ^
No par
Lane ..Bryant: ————No par~
11%
*37%
65%
*28
48
11%
38
6%
131/4
27%
27%
loot, 101'
11%
26% Feb
2
40V2 Jan
Par
55%
28
Jun
26% Feb
Feb
STOCK
700
13
27%
67
Dec
22% Jan
•
Y
EXCHANGE
.400
40%
13%
NEW YORK
5,1 00
13
40'%
*12%
99
Jun
Sep
15
Range for Previous
.3 Shares
55/8
13
.11YVY
40%
45
13
44% Mar 14
•
Sales for
Friday
Apr. 4
:-
133/4
.
Oct
8
17% Feb
Mar 15
13%
18%
55% Feb
'
-
STOCKS
Wednesday
Apr. 2
Mar. 31
28% Feb 11
16
-1
LOW AND HIGH SALE PRICES
Saturday
-
5
108% Mar
49% Jan 13
-1
•
390
.
36%
281/2
xi
22% Jan
•
——1——I-
Kennecott CoppeF -^_No par
Keystone Steel & Wire Co—..No par
Kimberly-Clark Corp„______No par
*A% conv; '2nd prfiferred-j.
100
Kinney • (G ;R) CO—'—
—il
$5 prior preferred—iNo par
Koppers Co Inc-ii—————!0
Cum pfd 4 %
series
a
10.0
Kresge (SS) Col—„
^
10
Kress (S H) & Co—
No par
Kroger Co (The): m^^mmLNo par
2,600
•
.
15% .Mar 14
Class B
12,200
106%
17%
*16%
76
-j
17% Mar 17
107% MAr 17
-5
4,900
.V
n
24%
109%
103%
24%
1,400
c.
•;
.10
Furn—
Kayser (Julius) & Co.
Kelsey Hayes Wlr! conv cl A
700
24%
19%
47%
25
1091/2
25%
19%
431/4"
25%
25
500
*"•47%
..v.
•
3,800
-
Stove-&
City Pwr .& fet Co-—
.100
3.8% preferred-*——-——
Kansas City
Southern— -No par
J
100
r4%„nori-ciim, preferred^
Kansas
..
64 "
17%
3
x20
Nov
Jan
29
166
Dec
29% Jan
31
21% Jan
172
53
Feb/ 7
100 y
20
24% Sep
45%
Oct
20%
NOV
Mar 27
97»
Dec
Mar
14 "
Sep
26% Feb
18
6
313/4 Jan
Aug
32% Jan
197
721/4
Feb
43% May
108
30%
July
Jan
•'THE COMMERCIAL & FINANCIAL
CHRONICLE
Volume 165"'Number 4583
NEW; YORK
STOCK
'(1879)
RECORD
M
LOW AND HIGH
Monday-
Saturday
>
"145
37%
158
52
,521/2
37%
158
*108%
*13%
14
13%
19%:
19 V2
*145
52
36%
*37
*
158
*13%
*18%
16
*52%
/
.
16
*103
112
14
*13
16%
51%
16%
*9%
9%
*9%
10
14%
14%
14%
*14
14%
14 %
19
*28 %
29 %
*28%
23%
*28%
29%
*28 %
29
*4%
4 Vi
4%
4%
4%
*37/a
19%
16%
14 %
4
7%
510
9%
4
25%
25 %
*420
•
10
25%
25
7%
7%
7%
7%
11%
12
11%
11%
11%
32 *A
307/a
31%
30 Va
31
30%
100 %
110%
110%
321/4
*110
30%:
30%
30%/
30
19
19
18%
*110
7%
;
53 %
200
Manhattan
400
Maracaibo
Marathon Corp
Marine
Midland
4
251/a
25%
7%
7%
11%
790
31
301/4
30%
3,100
110%
110%
30%
30%:
18%
19
52
52
*110
110%
29%
53%
53
53
30
30
29%
29%
;l
29%
*183
45%
45%
V
29
190
*183
188
*19
19%
'1,600
*51%
45
45%.
104%
96%
*95%
*10
45%
104%
*95
96%
10%
47
105
47
52%
400
112
*45%
104
28%
10%
47%
*110
112
*45%
46
*28%
29%
28%'.
*105%
107%
107 %
52%
45
36%
37
28
28
'. *27%
28%
52
51
5iya
*511/2
36
36%
38%
38%
38
38
*103%
105 %
*104
105
23%
23%
23%
24%
241/a
30
28%
29%
*23%
37%
10
10
*110
45
900
20
36%
36%
1,400
500
35%
28%
*27%
28%
51%
'
36%
28%
,
52
*51
52
38%
38%
38%
38%
*103%
105%
*103%
24'A
23%
24%
23%
28%
22%
22%
21%
*102%
103%
*1021%
103%
21%
21%
21%
21%
*102%
103%
102%
102%
48%
*47%
48%
48i/4
48%
*48%
22%
22%
22%
22
22%
22
*20% >20%
*20%
20%
20%
21
21
62%
62%
*62
65
*60
*62%
65
*61%
65
*00
17
16%
*60
*61
62%
*61
63
62%
61
63
17
16%
16%
43%
16%
43
43
*43%
55
55%
50
*48%
22%
1
'
16%
*16%
55
*100%
101
*100%
*42
109 %
*100%
42%
43
42%
44%
*108
101
16%
*36%
37%
*36%
*108
17
37%
*149
109
*108
16%
16%
16%
36%
34%
35%
36%
36%
36%
36%
150'
150
*150
16%
152
*150
12%
12%
,12%
12%
12%
12%
*10%
11:.
10%
10%
10%
11%
57%
57%
*111
57%
*56%-
112
57
111%
110%
35
361%
152
*150-
*12%
11%
*10%
56%
110%
*109%
110%.";
56
112
56
53%
"
10%
113%
113%
341
34
5%
20%
*41%
42%
*11%
11%
30
58f%
3,500
Mission
3,700
41%
41%
41%
41%
41
41
11%
11%
11%
Hi/4
11
v:
*30
58
31
57%
1191%
58
57%
26%
26%
26%
27
*54%
56%
*54%
57
53%
54
57%
8,100
27%
57
.,53%
100
"
56%
27%
3,700
$2.50
300
Morrell
21
21
1,400
Motor
23%
*23
700
Motor
21%
21%
21%
20%
21
24
24%
24%
23%
23%
*23%
24%
24%
24 %
24
24
24
24
18%
18%
18%
18%
18%
18%
18%
18%
107%
*106%
107%
*105%
107%
*106
*13
107
21%
*23
107
23%
1,300
Mueller
1,000
Mullins
10
107%
13%
13%
13%
13 Va
13%
13%
13%
13%
37%
36%
36%
36%
37
36%
36%
3,100
111
13%
$7
600
37
*109
13%
111
*109
14
13%
*109
110
13%
109
110
13%
13%
13%
*40
42
*40
42
*40
41,
40
40%
*54%
56
55
55
*54%
56
>/4
"55
56
13%
3,300
42%
*55
14
31% Feb
22
Oct
Jan
16
22% Feb 20
102% Mar 12
105% Feb
8
200
100
56%
48%
11
103
Sep
46
Feb
5
25% Jan
7
24% Jan
6
18
Oct
8
61
Nov
Mar 17
50
Jan
Jun
108% Mar
35%
Apr
36
Jun
30%
Apr
107% Aug
43% Oct
20% Oct
19% Mar 26
Apr
69
56%
18% Sep
21% Mar 15
5
pfd.100
105
Jan
57% Aug
26% Nov
35% Jun
105% Jun
;
10
34% Jan'16
vtc____No par
4
Mar
6
14% Jan
Mar 20
110
7
7
59% Jan
9V8Jan
2
12% Feb
13
115 Yb Feb
Jan
68%
129
44
100
7
28
'3
19% Jan
25% Feb
51% Jan
—No par
28
common—5
series A—No par
Jan
Co—No par
Inc____10
Feb
'3
64% Feb
16
8
20% Jan ' 3
,4
27% Apr
7
57
Jan
16
•54
No par
Corp
Corp
18
Jan
13
24% Feb
.7.
21% Jan '16
27% Feb
3
53
5
1
new
Mfg Co class B__
20% Feb
—I
preferred
■
15
No par
5
24
Jan
25
14
36%
100
108
__10
Apr,'
Mar 21
106
Dec
20
Nov
45
Apr
64
Dec
135%
Jun
104% May
30%
Apr
50% Sep
?.
62
Jan
40
56
Jan
Nov
15"% Oct
34% Jan
19
Oct
36
14%
Sep
22% Jun
May
Mar 28
20% Feb 21
104% Mar 14
iJan 15
13
1
^Apr
70
Apr
23% July
28%
2
44
50
Jan
52
Dec
43% Sep
111% Sep
57 Yi Dec
2
Jan
No par
Mar
May
17% Jan
Oct
11% Dec
17
32
Mar 11
55% Jan
7
63% Feb
128% Feb
2
53% Mar 14
115,
*
18% May
19
14
13
Apr
Dec
60
42
2
13% Feb
41
—1.25
Lines
3
10% Jan 16
..20
;
Apr
Sep
10
--
Dec
26% Mar
119% July
Feb
8
July
Oct
1
5% Mar 13
173
14%
34% Jan
28% Mar 11
Oct
Sep
5% Oct
,7
104
Feb
45% May
62% Jan
105% JDeo
401/4 Apr
8% Oct
7
;
__1
No par
10
Apr
18%
45
114% Feb 25
5iy2Mar
Jun
10% Nov
9% Oct
24
66% Jan
61 Va
113%
140
4
14% Feb
.
110% July
ioy8 Oct
31% Feb
Nov
32
2
156
10
Mar 12
10
Jan 13
55 V2 Mar 24
RR
Co
Jan
Apr
May
Nov
104
5
42 ya Feb
39
77
Sep
,97
Dec
39% Oct
'
Impl.;
Ward &
Brass
Jan
17
18% Mar
33% Mar ll
Vi
Feb
52 %
54
3
July
32%
18% Dec
36% Sep
47% Jan 30
16
No par
Feb
110
6
13% Jan
5
Munsingwear Inc.
Murphy Co (G C) com
4%% preferred—
Murray Corp of America
4% preferred
Myers (F E) & Bros
120
110
13%
*41
Power
Wheel
23%
13%
*109
Jan
18
No par
Products
18
*106%
28
1
pfd
(John) & Co—
23%
37%
37%
Nov
50
cum
18
.
20
1
preferred
Moore-NIcCormack
100
53
24
25% Feb 21
Co
preferred
Montgomery
57%
21%
21% Mar 15
2
Sep
23% Sep
44
Sep
39% Nov
__50
preferred
Corp—_—;
$3.25
53
53%
Dec
Monsanto Chemical Co
21%
*53
54
57
102
Jan
46% May
30
—1
Monarch Mach Tool
5,000
27%
20
100
Mohawk Carpet Mills
Mojud Hosiery Co Inc
500
57%
58
26V2
105% Feb
102
._tfo par
preferred series A——100
7%
600
1,800
119%
*117%
Moline
$6.50
4,000
•
30
57
Minn
100
*56%
57%
,
3,000
20%
30
57%
119%
58%
54
2,300
11%
30%
6
10
preferred
Mo-Kan-Texas
121%
8
Jan
Minn-Honeywell Regulator—
3
3.20%
conv
pfd series A
LlOO
Minn Min & Mfg_
j—No par
5%
57%
56% Feb
44
No par
Co
Minn St P & SS M A
34%
11%
Apr
16
11
57/a
42 %
May
Sep
•
14
35% Jan
149
33%
20%
Apr
43
122
25
l
100
341/4
5%
20%
58%
56%
*53%
1st
cum
34
6%
27
*54%
8%
34%
20%
71
Oct
42
7
20
50y2 Jan
Nov
102% Dec
21
Feb
Minneap SI St Louis Ry——Noipar
113%
30%
Mar
Jan
1
Products
113%
58%
*26%
Midland Steel
113%
*118%
118
32 Y
5
Copper.
Mid-Continent Petroleum.:
*113
30
Jun
111
39
13
Miami
113 %
57%
58%
*117%' 122
Mar 14
27% Jan
Co
Machine
113 %
20
30
58'%
Mesta
120
?v
U
10% r
11%
122
,
35
33% Feb
107% Feb
15
18
Inc.,
Metropolitan Edison 3.90%
1..500
!}&'
54
*41%
30
58%
*119
1
May
48% Jan 23
7
Jan
Jun.
55
103% Mar
10%
20%
41% Mar 14
26% Jan
101
No par
preferred
53%
6
4
17
Sep
97% Jan
3
40 % Mar 11
cum
10%
5%
Jan
May
112% May
45i/a
3
53%
33%
113
Dec
4
10
10%
5%
108% Mar 20
70
45% Nov
103
8
65% Jan
53%
20 %
>
Jan
47% Jan
10%
5%
20
Feb
50
41
Mar 21
52% Mar 25
53%
34%
33%
57/a
*20%
12
25
204% Nov
97
No par
10%
v
13
Jan
48% May
38% May
Oct
Jan
93% Dec
9% Oct
Co__.
53
114
*113%
Jan
46
No par
& Mln Trans
Merck & Co Inc
10%
10%
10
;
Co
Corp.:
(The)
53
-52
11
8
Merch
700
P,
27%
24% Sep
195
19% Jan 28
800
11%%
57%,;*V
w
■
53
;
Apr
'
61% Mar 10
10
,12%
Jun
75
25
73
600
152%
12%
Feb
16% Mar 20
2,700
.
110%
57%
*109%
17%
Feb
30%
97 Ye Mar 11
59% Mar 21
800
35%
*io%-
49% Feb
106
2
58% Mar 17!
5,500
16%
35%
45%
Oct
Sep
12%
48
23
Mar 15
57% Apr
112% Mar
Sep
Sep
10
Jan
Jan
100
preferred
1st
44
Jan
Feb
Jan
31
6
33
190
94
___1
preferred
conv
35 y4 Jan
>
Maria
103% Jan 20
—No par
Co
Robbins
•
Mar 18
par
•
Pub
30% NOV
2
29
11%
20%
Oct
Xl09
11
No par
Electric
&
21% Feb
63 % Jan
Np par
Corp.—
preferred.
conv
16
51% Mar 25
11%
6
27 % Mar 11
5
preferred
cum
2nd
5%
10
35%
*12i/4
L.:
'
1st
Jan
185
No par
No
34
No par
108%
37
*36
.
Stores
preferred.
$3.50
17%
35»/4
__100
preferred-;—
4 y4%
101
"1071/4
Dept
$3.75
34% Feb 13
111
Jan 27
20
14% Jan
Y
"
No par
;—
Jan
28% Mar 18
1
:
Wks___
McQuay-Norris Mfg
Corp.—i
1,100
108
Co
Alkali
preferred_i.
Mead
1,000
108
Elec
109
No par
—No par
Corp
29% Jan 22
.
7% Dec
4
Jan
Jan
8
3%-Sep
Ltd.
54%
16%
.
1
Mercantile Stores Co
43%
36
152
8% Feb
Corp.
Preferred called
42%
Apr
13% Feb
27
1
1,700
54%
42%
Aug
16%
11% Mar 18
5
Exploration
preferred.
McLellan Stores
20
43%
*100%
526
27% Feb
Co
541%
43%
Jun
8% Oct
71/4 Mar 17
Shoe
43%
101
520
23% Mar 14
4%
54%
42%
9%
12 y8 Jan
Nov
30% May
17% Sep
5
Mengel
17
Sep
16% Sep
13% Dec
50
.1
x17j/2
12%
6
30
6.25
Melville
43%
*100%
12 y4 Jan
1
2iy4 Mar
5% Feb
200
56
42%
108 7/a
Mar" 15
15 y4 Feb
46% May
2,200
44%
101
177/aJan
Nov
1,500
"
6
26
McKesson
20
20%
16
Mclntyre Porcupine Mines
3,600
22%
20%
'
*43
49
22
21
26
May
Apr
32% Feb
McGraw
65
16%
22%
22%
103
Feb
17% Jan
14'/4 Jan
Jan
111 %
16
Oil
McGraw-Hill
700
62%
*47
21%
103
13
Jun
76%
65
14
3%%
2,000
23%
22%
106% Oct
10
$4
24
29%
Mar 28
111
_1
Corp
McCrory Stores
105
*28%
29
8
McCall
1,300
1,000
38%
107% Jan
Shirt
$3
500
28%
37% Nov
No par
$6
IO71/4
1051/4
*104
600
281/4
7
No par
$3.40 cum pfd
Maytag Co
200
*1051%
29
41% Jan
Jan
.
112
44%
45%
107%"
3
3% Jan
May
180
47%
35 Va Apr
42% May
160
Oct
26%
Master
95%
*46%
38%
Qct
Mathieson
2,100
105
*94%
•
10%
*46%
112
29%
28%
52%
104%
95%
8
121/a
1%
-
Sep
Dec
56% Feb
100
Bros
Masonite
1,400
45%
32
140
2
14% Feb
186
45%
104
*94 Va
10%
107%
36%
*28%
45%
9
13
Jan
No par
Martin-Parry Corp
300
29*
*183
47%
47%
*110
47
45%
29%
36%
30
29
29%
186
*105%
30
107%
30
'
10%
47
*110
47
*46
*28%
*1051%
*29 Y
*183
45
96%
10%
111%
29%
186
*104
105%
*45%
'
30
38% Jan
140
Jan
43
Highest
$ per share
14
"
10%
*110%
20
1,400
j
Jan 13
$ per share
140
Market
'
29
*183
*95%
*105
*29%
v
*
29%
Mar 12
St Ry '6% prior pfd—100
Marshall Field & Co—_2Vopar
4J/4%
preferred
_100
Martin (Glenn L) Co__
;
l
4,800
11%
18%
30%
Mandel
900
11%'
30 Va
53
400
28%
7%
110%
*30
30
30
'
FRIDAY
1,100
"
53%
GOOD
13%
4
18%
%;
HOLIDAY
10
$ per share
34
100
Copper
;
Magnavox Co (The).
Mahoning Coal RR Co
Manati Sugar' Co.
13%
$ per share
Lowest
No par
..Magma
28%
29%
18%
600
Year 1940
Highest
10
___
Macy (RH) Co Inc—
4%% pfd series A—,
Madison Square Garden
3,200
.
510
*9%
;
25 %
21%
7%
*420
510
Forbes
Inc„——
100
16%
10
**423
14
&
vr6?' Trucks
Preferred
Mack
1,800
*13%
17
10
*12
MacAndrews
1,200
35%
111%
19 %
19
19%
14%
510
*25i/4
300
Range for Previous
Range Since January 1
Lowest
Par
158
*107%
13%
STOCK
Shares
35%
,
510
25%
$ per share
YORK
EXCHANGE
51%
36
*420
*25%
NEW
the Week
35%
*145
53
36
112
*103
19%
15%
*420
158
51%
13%
19%
15%
Apr. 3
$ per share
37%
37%
36
Y
112
Apr. 3
Sales for
Friday
Apr. 4
""
52%
36%
112
Thursday
$ per share
38
*145
52%
36
*108%
Y 15%
*37
STOCKS '*
Wednesday
$ per share
37%
*145
%
SALE PRICES
Tuesday
Apr. t
$ per share
38%
37 '/a
>
Mar. 31
Mar. 29
$ per share
*37
•
Jan
6>
Oct
102
109%
Feb
13% Sep
27% Aug
40% Feb
112
;Jan
10
32%
Oct
49
29
108 %
Jun
15% Feb 10
1
Mar 26
May
114'A Jan
Jan
11% Jan
No par
3
15 % Feb
11
37y4 Jan"
50
2
44% Feb
13
33% Nov
55%
Feb
6
56
29
50
70
Jun
54
Jan
Jan
9%
Oct
Dec
22
N
LOW AND HIGH SALE PRICES
Saturday
Monday
Mar. 29
Mar. 31
$ per share
*25
26
16%
29%
?s
*25
16%
26
■
17%
16%
*24%
25%
28%
*28%
29
15 y4
15
15%
Y 12%
12%
11%
11%
14%
15%
15
15%
27%.
27%
*27
28 %
%
15
*27 %
28%
31%
31%
31%
185
>,
*23%
24
12
*181
'
;
40%
31%
411/8
41
30%
28
*23%
24
11%
-11%
41%
12
12%
12
39%
39%
39%
39%
41%
■
12
12
'
32%
15%
15%
15%
15%
15%
32%
32%
32%
32%
32%
32%
17%
17%
17%
17
17
3 7 >"
22%
22%
21%
22%
21
21%
21%
*38%
39%
22%
•
104 T
30%
30%
*185
188
*150%
152
7% Y
'
7%
151%
84
1%
S'4%
14 Va
■
7%
•
24
1%
1%
25%
26
25%
25%
13%
14 Va
13%
13%
13%
161/a ''16%
*16%
17
16%
91
*90%
27
*27
*26%
28
16
16
12
12
22%
18
107%
For footnotes
28
*26%
*11%
12
22%
22%
17%
*17%
*105%
*26%
16
16
107%-
see page
27
V:
12
12
22
15%
12
17%
107%
17
17%
*105%
;
22'
Y .22%
Y'
*
<4
8
..
*105%
26
15
16 %
17%
14,800
27
15%
16
*12%
21%
12%
22
Y *16%
'17%
*105%
107%
common
__4
—10,
Register
Stores.^
Enam. .&
.
$4.50
:
Oil
National
No par
2,000
National
National
10,200
National
.
'
,
10
Sep
Dec
20% May
28% Jan
20%
Oct
34%
vMar26
29'/2Feb 24
34% Feb 15
185
Jan 28
26% Feb 13
13% Feb
7
41% Apr
2
14% Jan T
40% Feb 13
'1,100
430
:
100
1,200 V
h
600
1,300
400
$2
ex
4V2%
National
Tea
Co
Natomas
Nehi
Co
Corp
conv
*
100,
V
No par
No par
Neisner Bros Inc
4%%
_10
10
Nat Vulcanized Fibre Co—
serial
—IT
preferred
Nov
31
Nov
Apr
32% Apr
21% Feb
45%
Jan
13
Oct
24% Aug
24
Feb
38%
Oct
Dec
,17% Feb 21
15
Jan
8
30
Sep
23
Aug
45% Apr,
20y2 Jan
;
6
15%
Nov
34%
38
19% 'Nov
Jun
32% Aug-
31% Nov
Oct
33%
Jun
102% Oct
27
Sep
108%
Jan
178
Dec
207
July
X149
Oct
173
Apr
Mar 20
Mar 11
Jan 20
l%Jan
No par
40
Oct
9%
Feb 10
6% Jan 16
25
Pa
22%
Apr
37% May
205%
25%.Jan 2
107
Feb 18
35% Jan 9
23
distribution
Sugar Ref Co
Supply (The)
preferred.
preferred
Oct
Nov
37% Jan 23
21
Mar l!
103
Mar 27
29% Apr
1
47
conv
25%
180
,22% Mar 28
150
No par
Corp
>
13
183% Jan* 6
Products.
Steel
14% Nov
13%
Feb
17% Jan 16
Stamping_.,__No par
National Power & Lt
Jan
41% May
34% Jan
Oct
0
15
Jan 13
Jan. 13
16y8 Jan
conv
Nat Mali & St'l Cast Co
52 %
Sep
13
7
Jan
15 Va Mar 17
30 » Jah\23
5
Gypsum • Co,__Y—--—_i
preferred——No par
National, Lead. Co—10.
7% /preferred
A
1006% - preferred
B_.^..«._.»100
NatidnaL Linen Service Corp
—1
;
Jan
Oct
27
16% Feb 21
27,
.
Dept
25%
23
6
Jan
16% Jan
181
.
__No par
.
7
13
30
14
24
Cylinder Gag Co——..1
/Dairy- Products.,—.No par
; 600
-
91
27
.<•
Zii 100
1%
90%
'
1,700
FRIDAY
83 'A
13%
>
.16
107%
•
*25 %
•'
91 '■ Y:
/ 17
•
19% Feb
29% Feb
.
13
Jan 16
11% Jan 13
•
HOLIDAY
GOOD
1%
16%
Nat
3,100
8
23 V4'
i
National
70
.
Co
Highest
$ per share
23
Jan 10
11V* Jan
3
34
,Jan 13
12
Mar 11
32% JarnLS
1
5
National.Distillers Products
20
,
:•
1
_
82%
14
Nat
100
'
Cash
National
51,900
153
23
22
"
Inc
Corp—
Co
$ per share
14,
--I
Fibres
preferred-.—100
National
700
is?
153
Y12%
*
4,300
Y 27%
16
16
700
'
Airlines
Nat City. Lines Inc—
——I
National
Containeri-L_^»-—.'—l
3,200
.
ai-
30%
*183
■
Nat
<
*210
26
■i
7,000
3,100
5,400
39 /
1%
*25%
14'A
91
21%
83%
1%
17
90%
17.:.
•
$ per share
2
14% Jan
—6
Nat Bond & Share Corp
No par
National Can Cbrp__——10
2,500
...
2,900
7%
83
83%
83
Biscuit
^
Automotive
,1%
22
24
fc-''
National
Nat
'
105
152
7%
\
-
21%
30%
23 >/4
Battery
*103%
'
-
185
..
84%
90
*17%
<
r
152
152
7%
24
30 %
185
>
National
-
.
321/4
*38
,
100
•4,800
;
15%
21 ■*"
38%
22
104
26%
90
*1051/4
v
1%
1%
*84
*16%
*88%
*22%
151 %
24 %
50
30%
185
*182
7%
50
38%
104
Aviation
12 y8 :,•.•
32 y4
21%
National
t
15%
17
-
Natiopal
39%
•17
Corp
-1,900
2,300
,
41%
■
39%
15%
21%
22
104
29%
-
151%
*24
50%
26%
30%
185'
7%
24%
21%
104 Y-
104
30
40
*38%
22%
•
185
:■
40
38%
22
*103%
43 %
,.;,12
12
39%
15%
.
24
■
.
;•
,./;ll%* 11%
41%
-
I
31%
184
'23%
-
39%;
15%
>
32%
,
30%*181 '
11%
*17%
■v«
31%
11%
12%
1%
Nash-Kelvinator
$ Per share
Chatt & St Louis
100
24% Mar 21
National Acme - Cq_m—27% Jan 13
10,900
11%
15 %
*27%V 28%
412.
41%
11%'
>
Par
Lowest
Highest
Nashville
.800
Year 1946
Range Since January 1
Lowest
>
:
15,000
,
15 %
12
*23% -'23%
40 V
24%
Shares
28%
15%;: 16%
16
30 %;
12 %
*50
$ per share
Range for Previous
'
STOCK
EXCHANGE
25
28%
*181%: 190 v,:
39%
22%
NEW YORK
the Week
17%
*24%
15%
15%
*27%
,
190
-
12%
'/
15%
11%
-
31
>180%
24
11%
15%
15
190
*23%
]2%
*103%
Sales for
*
121/4
'181
16%
17%
25%
28%
15.
14
$ per share
Friday
Apr. 4
Apr. 3
*24%
29%
29% '
,
*12%
*
Thursday
$ per share
$ per share
17%
STOCKS*
Wednesday
Apr. 2
Apr. 1
$ per share
17 Ye
*29»/8
Tuesday
1001;,
2
79y2Jan 16
25y8Mar 25
12% Jan 13
xl6
Mar 14
88
Mar 18
42
?
189% Jan 30
167
Jan 28
<
8
Apr
3
28
Jan 31
53% Jan 6
l%Jan
2
9iy2 Feb
8
28y2 Jan 10
15% Feb 11
18y2Feb 13
16%
6% NOV
67%
40%
Jan
Apr
10% Aug
Feb
20% Oct
41%
41% Sep
1% Aug
72% May
75
Sep
25%
Dec
11%
Nov
16% Dec
Nov
2%
Sep
101 Va July
38
Apr
25
Jan
32
Jan
106% Mar
94% Jan 18
89
13
29% Jan 24
21%
Oct
42% May
15% Jan 20
Y; 17% Feb 10
14%
Nov
24 % May
10%
Sep
15
Feb
18%
Oct
32%
Jan
16%
Dec
22
Sep
24
Jan
11%, Jan
20% Jan
16% Jan
105
3
2
15
*;
Feb 13
12% Feb 13
24% Feb 17
18% Feb 10
106V2 Jan 16
104
Dec
109 7/a Aug
23
2*
RECORD
STOCK
YORK
NEW
STOCKS
LOW AND HIGH SALE PRICES
'
Mar. 29
35%
*39 "
105%
*107
108
39 %
41%
293/4
41Va
*40%
vv
293/4
*99
41
••/'•;■: 17%
293/4
100
19%
*403/4
300
29%
*99
19%
40
60
40%
29
::
1,600
100
19%
40 %
17%
17%
17%
17%
>
173/a
17 Va
23%
30
30
29%
29% 7:
29%
293/4
29
87%
86
86%
86
86
85%
1
*87%
17
16%
•
*21%
24
60%
23%
.
V
.>
*16%
*21
*56
62
*250
290
*250
106%. 106%
i..^;;i3%. 13%
.
16%
16%
18%
*22 y8
233/4
59%
*54
♦250
*39
13%
•38%
1JV4
13%
4dya
.
.
1,100
1,100
23
*56
!
59%
•250
/
290
106
106
106%
40%
*39
13%
13%
40%
*38%
1 -vC.-'Xy
493A
125
*122
40
540
1,200
33%
40
-
50 %
100
40
*49%
.700
50%
'
242'
240
241
*120
125
13%
13%
241
123
*120
123
241% 242%
*122
/ 900
16%
290
106 J/4
106%
:
'
1
i
FRIDAY
GOOD
85%
*20
59%
*250
290
106%
106%
-
16%
23%
*56
290
'106
•
17%
17%
*20%
16%
*56
.
13,100
29
88
300
HOLIDAY
17%
29%
.
2,500
19%
40%
42
700
107
*39
*99
19%
41
397/a
242
24C%
"
*120
'•
•;
490
*
;
123
•
'.:27%
27%
4%
4%
10
"98
19%
*101%
102%
Mb
19
27%
10
"101
19%
18%
102%
1015/a
28%
153,800
m
9%
2,400
10
*98%
102
-
■
102
19%
15,000
28%
4 3/4
10
10
*98%
19%
27%;
•
411
4%
43/4
10
<
,
102
<
28%
*93
10
10,
103
19%
43/4
411
10%
*100%
27%
273/4
27%
,
19%
18%
Par
5,600
19%
:
20%
20%
21%
40%
40
40
*10%
v
20%
*39%
11
103/4
10*%
*15%
16
101 %
102
;102
21
21%
21%
22»/4
21
40 :
4oy8
39%
40
39%
*10%
.
.
10%
*ioy2
15%
15%
153/4
153%
*34%
35%
34%
35
10%
i!
102
*101%
--
>
15%
•
*34%
35%
10%
10%-<
15%
:
v
510
15,400
22
-39%
90
•
300
153/4
35
15%
:
'
35
'
"
■•1
31% Jan
18
Pacific
Power Co
States
pfd $3.60 series
Cum
Norwalk
3
Co
Pharmacal
Feb
102
113
Oct
50
Apr
45
Jun
v
95%
Oct
109%
Jun
21% Feb
4
18%
Nov
343/4
46% Feb
10
Apr
36%
Oct
Jan
13
K 223% Feb
69 V2
3
13% Oct
353A
Jan
61% May
Jan
29
Mar 18
37
Jan
2
26
85
Mar 15
99
Feb
1
79
Sep
Sep r
16
Apr
3
22
Jan
13
59% Mar
8
275
4
16%
Dec
37%
19
21%
Oct
3
53»/4
Oct /
413/4 May
13
290
Feb
15
107
Mar
3
20
275
1
102
13% Feb
Mar 26
43
Jan 20
•
8
7
Jan
33% Jan
22
252% Mar
6
118% Feb
18
125
31%
•
10% Feb
11
22% Feb
7
102% Feb
17
13
"1 Jan
Jan
V
2
17
Jan
72% May
288 %
Apr
129
Aug
39% Apr
Dec
Oct
"9%
17
115% Jan
16
99
16
39% Apr
Feb
53
Sep
23%
Feb
283/4
Nov
119
T.
113% Mar
Oct
41%
7
Mar
325
41| Mar 14
100 V2 Mar 28
17% Jan
(
33% Jan
253/4 Mar 17
May
Jun
Nov
223
;
Feb
76
Dec
11%
6
223% Jan
9% Jan
Jun
20% Feb
Feb
4,7
135
25 y8 Feb
11% Jan
38
v
62% Jan
1
103% Jan
22 y4
111
153/4 Mar 21
16%
Feb
117
May
Oct
36
Jan
963/4
Dec
104 Vi
Nov
18%
Nov
56%
Jan
44
Oct
55/4
Nov
193/| May
Apr
2
2
133/4 Feb
11
'9
x!8% Feb
6
.
'
Dec
Jan
:
16%
45% Jan
2
10 % Mar 18
No par
2.50
Rubber
Tire &
Norwich
Ohio
30% Oct
27
Sep
43 V4
May
110% May
Dec
16
—10
50
Telegraph
Northwestern
600
7
106
~
No par
Inc
Airlines
Northwest
700
2
32% Feb
i
98% Mar 24
1
50
100
(Minn)
Ry
25% Nov
103% Nov
40 3/4 Jan
14
Highest
$ per share
18% Jan 13
40
Mar 26
Rights
Northern
13
Mar 11
7
4/5 Mar 14".
North American Aviation
$ per share
108% Jan
36% Mar 15
26% Jan
Feb
106
Mar 22
105
Lowest
S per share
•38
17
102% Jan
Co (J J) common .No par
preferred
100
Pr & Lt Oo 4 % pfd_100
Newmont Mining Corp
10
Newport Industries
1
4%% preferred
100
Newport News Ship & Dry Dock—1
New York Air Brake
No par
New York Central
No par
N Y Chic & St Louis Co
100
6% preferred series A
100
N Y City Omnibus Corp
No par
New York Dock
No par
$5 non-cum preferred
No par
N Y & Harlem RR Co
50
N Y Power & Light 3.90% pfd__100
N Y Shipbldg Corp part stk
1
Noblitt-Sparks Industries
8
tNopco Chemical
Co
—4
Norfolk & Western Ry—
-100
Adjust 4% non-cum pfd
100
North American Co
10
33/4%
Year 1946
Highest
$ per share
New Jersey
Northern
102
•
i
Newberry
Northern Central Ry Co
:"v
'
"3
Lowest
Shares
343/4
107
39%
EXCHANGE
105
1043/4
<•29 3/4
■
100
19%
193/a
42 Zv
19%
39%
29%
v.
100
*98%
19%
39%
39 %
29%
100
19 %
34%
*104
108
29%
•98%
35
105%
*106%
•;>
40
35
*1043/4
*106%
108%
•
*29 %
35%
1053/4
Range Since January 1
NEW YORK STOCK
the Week
tper share
tper share
108
Sales for
Apr. 4
Apr. 3
$ per share
share
*34%
35%
35%
Apr. 2
Range for Previous
Friday
Thursday
*104%
105%
106%
$ per
$ per share
36
Wednesday
Apr. 1
Mar. 31
;
t per share
*104%
Tuesday
Monday
Saturday
Monday, April
7,1947;
FINANCIAL CHRONICLE
THE COMMERCIAL &
(1880)'
*
16% Deo
Jan
25
May
0
*34%
35%
*109%
110
110
23% '•> 24%
20%
>
20%
23%
«
23
23%
105%
*116%
*23%
•
30%
-
*64'
v
20%
<
<
225/8
•
••
23%
105
>
23%
105%
10%
103/8
30
*23
•
*88
/
23%
'<•
116
-
:
*16
38
-
*88
*23
11%
17
:
*36
*23
90
37
>
321/s
•
llOVa
<110%
164
'
''
6
28
>
1
6%
7
''
I
'
'133/8
•
110
*71'
-y
: /
*108%
t
;
26%
*47%
*103/4
17. :
'•
J
*75
26%
26%
11%
9%
*23%
48%
*47
39%
58
/',rv'
32%
31%
32
313/4
6
6
133/4
135/8
15
*14%
48%
49
>
109%
*71
-
73
*108%
25%
47
112
*108%
2,800
MX,
16,500
,v
Packard
Pan
30
5,500
*70%
73/4
73
108%
108%
3,500
Paraffine
~10
>
26%
47%
47
26 3/4
47
26%
'
27
47
3%
*3%
35/8
38%
38%
*383/,
323/b
323/8
2,900
Park
&
3,400
Park
*32
32%
500
400
r
Parke
Tilford
Parker
Rust
12%
12%
123/4
125/s
125/8
12%
12%
12%
"12%
14%
15'/a
14%
14%
1,400
Parmelee
14%
145/a
14%
l45/a
4,500
Patino
:J*75>
77%
43%
43%4
123/4
*76
77%
v-
43
42%
43%
12
12
*76
;
12%
9%
*8%
23%
42%
V1Z%
.
9%
23%
77%
23%
;,".f?*8%
*
23%
*76
4 43 |
t
12%
v,
43%
1^5/8
9
*8%
:/• 23
23%
35
*32%
35
33%
*10$%
113
*109%
20%
21
20%
21%
21%
21%
45
45
*48
50
49%
15
*16%
*93%
17%
27%
273/8
*16%
*20%
109'/a
9%
*29
*34
113
200
:
1,100
35
*109%
100
Penn
113
5 %
20-%
10,200
Penn
21
21%
20,100
Pennsylvania
*44%
453/4
200
*47%
50
94%
*93%
94%
17%
*16%
273/a
263/4
46 *
*45
49%
*48
94
453/4
i;
93%
453/4
50%
49
94
94
17%
*16%
17%
265/8
27%
21'"/4
20%
*.1.06%
*29
108
f.lA
22
113
223/4
X113
92
9%
93%
1,900
11,900
293/4
*106%
93/4
5,100
933/4
soq
108
15,800
112
923/4
Pepsi-Cola
Marquette Ry Co
5% prior preferred
5 % preferred
;
1,400
Petroleum
Corp
of
12%
21
11%
Dec
27
Jan
24
13
Oct
20%
Apr
5
100
v
Jan
56'
Oct
52
Nov
4
Apr
110
Oct
273/4
Jan
90 y8
Sep
105%
Apr
-Apr
-
14%
Dec
3
Feb
56%
111
Dec
-
43/4
15
May
39% July
182
-
7%
Apr
Jan
26
Oct
35^8 Aug
8
14% Feb
11
12
Oct
11%
Dec
■
15% Mar 31
2
22%
Jun
24%
■
Jan
Jan
8
64%
Sep
v
81
Dec
48% Feb
11
40%
Nov
,
573/4
Jun
15% Jan
14
4
12%
Dec
453/4
Jan
84
i
3
10 »/4 Feb
19
6%
Oct
16 5/8
Feb
16
25% Feb
25
17%
Sep
303/4
Jan
35
Feb
25
28 Va
Feb
373/4 Aug
117
Jan
29
Jan
115% July
22
Jan
6
20 y8
Sep
Feb
3
25
Sep
47 V2
6
37%
Nov
51%
43
Jan
68
May
86%
Nov
115
Apr
26%
513/4 Jan
Jan
110
21
101% Feb
13
55
27%
Jan
Feb
Dec
Feb
3
14
Oct
513/4
Jan
31% Feb
15
21%
Sep
40%
Jan
16
16
Oct
363/*
2
100
Oct
132
Jun
109 Va
Jun
22
16
23% Jan
X115
26
Apr
75
Oct
4
28 Vi
Sep
Mar 27
1053/a
Sep
2
8 3/4
Dec
95% Apr
2
Jan
8
34
Feb
5
108
14
105
Oct
-
373/4
18
Mar 24
7
8% Jan
100
America
Oct
4% Jan
Mar 11
28% Mar
Apr
5%
5
53% Jan
2
80
No par
preferred
Feb
34%
13
43
18% Mar 15
100
Co
2nd
11 y.
NOV
/.
J2j/4 Jan <>2
27
Feb
Apr
21
Apr
105
181% July
18%
108 % Apr
16% Mar 15
100
Dec
Jun
34% Feb
92% Jan
100
164
'
3
24a/4 Jan
160%
13
79% Feb
25
33 %c
Pere
4%%
93/4
Co
Oct
5
Feb
43
1223/4
48 V* May
Apr
5
48
Jan
44
100
(Chic)
Ry Co
Eastern
Oct
Sep
50
100
&
28%
•
3%
27
Peoples G L & Coke
Jun
67%
35%
10
III"
Jun
Sep
24
9% Feb
19% Jan
No par
47%
54%
Feb
7
109
29% Jan 18
111
Mar 24
100
Light Co
RR
Pennsylvania Salt Mfg Co
Peoples Drug Stores Inc
Pet Milk
108
*9%
&
Peoria
22
95%
*106%
93/4
600
173/a
*109
30
108
200
F
27
22
115
30
*106%
9%
'
27
SO
*86
49
*16%
20%
453/4
Power
18% Jan
No par
Mar
48
Dec
-36% Oct
14% Feb
Mar 15
/'•< 8% Jan
Jan
86% Mar
16 % Jan
50
Feb
•
10% Mar 20
7
19%
25% July
6
'42
10
24
Apr
9
Feb
l
8
100 {
Jan
.74
preferred
20%
21%
Mar
'Feb
111% May
Oct
*
Jun
73/4 Feb
.
17
No par
Corp
20%
12
11% Jan
5
2
35
Dec
'Nov
49
Feb
180% May
28% Feb
13
Airlines
Sand
19
27
Co
Glass
39% Feb
3
3% Jan
Feb
■
11
/
8
No par
Cement
18
i
17
38% Feb
No par
Co
43% Jan
62% Jan
168
1
29
1
8
38% Mar 26
24»/4 Mar 14
2.50
10%
12%
13
Feb
? Feb
3
No par
Co
Oct
69% Nov
:
Jan: It
Jan
863A
»
73
5% Jan* 13
45
•
19
•
16
108% Apr
4
8
39%
Dec
Jan
Feb
51% May
Sep
12% Jan
:
120
Oct
-
93
14
•tf»
:
79% Feb
,
.17% Jan
Sep
Deo
19%
:
129% Jan
11% Jan
10% Nov
8 t
8
Jan
;:•; 13% Mar
1
Mines
Corp
Penn Coal & Coke Corp
Penn-Dixie
158
13
Enterprises
C)
21%
29%
*106%
33%
9%
22%
(J
203/s
90
-
*8%
Penn-Central
215/g
113
30%
'
22%
•
Penney
5,200
20%
*83
108 s:
9%
23%
6,300
21%
*108
89
12%
20 %
-
211/2
'
123/4
18
25
Inc
Penick & Ford
21%
( 27%
27
43%
6
I
Co
&
26
21% Jan 10
100
Transportation
Mines
25
18
28 % Feb
16
40'/4 Jan
Inc
Proof
20%
;
*45
'
77%
&
Mar
1611/2 Apr
5
Jan
1
Consolidated
Davis
18
33% Feb
3
105
No par
Pictures
Utah
.39.VF-
Jan
104% Jan
preferred
Paramount
3%
3%
38 5/s
32%
32,500
.
Xll3
*
163% Jan
1
100
& Ref
Cos. InC
conv
47%
3%
38%
*32
i
4%
6
18
No par
preferred
Prod
Jan
Feb
16
28% Jan
2%
5
Corp
Panhandle East Pipe Line
4%
Jun
xll9%
18<
Jan
No par
Airways
Jan
24
1
Petrol & Transp.
Panhandle
36
Oct
/ 28% Feb
3
39% Apr
57% Mar 26
10
Car
American
Pan-Amer
Corp
Corp
Oil
.
Apr
13% Jan
100
Consol'd
Motor
Nov
2
50
Nojpar
100
Teleg
Western
15,700
"
*
Pacific Tin
Pacific
49%
112
6 %
2,200
~
26%
113
*9%
Pacific
109%
73%
*71
Mills
Telep . &
preferred
18%
99 Va
4
118
71% Mar 18
11
,
10
non-cum____No par
Pacific
49
73%
Co
No par
25
*;o9
'
73/4
Coast
preferred
No par
-
109
73/4
*32 V2
*106%
15
49%
109
7%
6
v
Pacific Amer Fisheries Ino.^.^^.8
Lighting Corp
60
273/4
6% •V 63/8 ./.
13%
137/a
*14%
15
..«v
14%
12.50
Co_.
120
273/4
6%
88
No par
Glass
2nd preferred non-cum
Pacific Gas & Electric..
161%
53/4
28
6%
7%
Co
Owens-Illinois
Jan
-
29% July
22% Jun
;■:« Sep
8
Mar 28
22% Jan
•112
17
:
158
21
37% Nov
Feb
Feb
13
—100
2.50
Jun
19%
13% Feb
15
...
108%
6
2
25% Feb
107
2r
28% Jan
1,500
31%
161%
5%
*109%
*29
13
2iy* Jan
Pacific
6,900
113
*27%
3
*83
16
10% Apr
18
700
39%
58
*112
6%
48%
32%
700
37%
39%
28%
*101%
*107
*36
6%
3%
32%
11%
*57%
133/B
1
1,300
1st
37%
*109
39
v
Pacific
573/4
*14%
48 3/8
3%
39
•
66
-39%
5%
.
17
5
*20
203/4 Jan
101 % Jan
30% Sep
18
6
21% Jan
114% Jan
preferred
*63
*35%
.
6%
15
*■
20% Mar 17
<
9
Jan
243/fe Jan
—No par
com
Outboard Marine & Mfg
*16
*32%
°9?%
11%
Elevator
Otis
16'
6
100
10
Oppenheim Collins
17
162
26%
100
-
*273/4
112
77%
42%:
21% Jan
—
(The)
preferred A
Corp
conv
Outlet
75
393/4
7%
*108%
10
:
90
74
113/8
*161%
49%
112
32%
8%
38
111% Feb
109% Mar 14
No par
convertible preferred—100
Corp
4%%
66 '
162
73
3%
14%
*89
-
-
112
V
110
7%
•703/*
'33%
V 12%
Oliver
Omnibus
*16
112.
141/a
73
3%
*32'/a
34% Mar 26
—
100
—No par
Oklahoma Gas & Elec 4% pfd—20
Co—
Oil
*63
66
111
15
*103%
75
*161%
6%
•100
2,900
23
37%
6%
483/4
-
8%
/ *3L'%
180
158
23
'
/
7%
5,000
29%"
*
158
7
90
743/4
110%
»
28%
6%
*14%
•49%
*108%
6'/8
28;
161
57%
-
162
13%
'
*14% 715%
*49%
180
-
t
>24%
283/,
57%
.
:
110%
162
,
*23
-
29%
39%
323/4
*
n%
2,900
.
115%
*31%
573/4
6%
-115
24%
*88
-
11%
\
*35%
39%
6
Co
preferred
4.40%
Ohio
*
■.
10%
J
39%
27%
500
■
11
*63
57%
110%
v
■
1.
105%
10%
24%
*157%
733/4
*16.
.
393/8
*162
*105
116%
29%
-
24%
73
£7:
57% •57%
33% '33%
.
235/s i.
103/4
^
30
161 7
*23
90-
*63
>
*157%
>:"■
733/4
g
i:
*11
23%
x29
24%
73%
17
39%
.•
10,600
*
•;
117
'
:
240
r
*20% " 20%
22%
23
105
105
<
103/4
•*116%
*157%: 161
; !'es%
*36%
20%
24%
30
11%
*16%
20%
117-
*23%
<
92
*11
*20%
;■■•'
Edison
'
11
•116%
743/4
>
23ya
A
24%
74%
109%
23 y2
'
'
30%
*88
•109%
233/4
<-•
'
24'/a
*23
1093/4
23%
23%
10%:
161
*157%
109%
23%
'
105 %
22%
117
109%
22 %
20%
*105
511
1093/4
23%
.
*20%
105%
11
:110.
* ■'>
9% Jan
Jan
43 V2 Mar
Mar
109
14%
Apr
LOW AND HIGH SALE PRICES
Saturday
Monday
Mar. 20
r
Tuesday
Apr. 1
Mar. 31
S per share
$ per share
*14%/ 143/4
14%
143/4
53%
Wednesday
v
$ per share
5354
*14%
143/4,
53%
53%
403/4
41%
40%
40 3/4
40
573/4
58%
106%
58%
573%
107%
24%
*23
243/4
*117%
-IO73/4
120
*28
-97;/,
33%
*105%
97
120
107%
•*253/4
*87
-
*15%
.*28
*96%
973%
98%
*96%
/
335/8
105%
26 %
*87
90
*15
c-"> 52%
r i6 v- •
*15
345/8
♦losyi
12%
12%
12
101%
*100
*100
247/a
25 >
24
24
36%
*181
365/s
<
83/a
8%
ll7/8
12%
119
73%
1
74
76%
77
119
73%
77%
119
74
78
'
;
26 V4
53
26%
*87
53 Va
•
22%
'181
12
IOI1/4
190
37%
8%
8%
"117
73
72%
*72%
77
>7fiiA
*24
"
36%
125
223/4
24%
V
72%
11%
*100
223/4
33/4
U'/a
.
ll3/4
37
130
100
'
nniA
nclL
GOOD
/ V
FRIDAY
i
Philco
23%
241/2
125
72%
nn,.
Co.
Pitts
20
$5
400
500
Mar 29
Jan
-No par
:
81,
.—25
No par
Chemical
Pittsburgh
Co
Forgings Co
Pitts Ft Wayne & Chic
Ry
7%
preferred
Pitts Plate Glass
,500
Pittsburgh
Steel
Apr
No par
No par
..l
1
100
18% Jan
20
186
Jan
Feb
101
; Mar
'
13
9% Jan
117
5%
preferred
class
A
100
61
trfd^^iioo
Mar" 14
7% Jan
67
?*
20y8
Dec
89 '
Dec
19% Feb
102 i
1
I
Sep
33%
Sep
71
?Jan
25
104%
Dec
112
Jun
••
106% Aug
-
';}
8
963A
Dec
Feb
-7
20%
Oct
36 V
Jan
Feb
26
84
Dec
89
i
Nov
7
49
Feb
73y4 Jan';
16%
Dec
41
.Jan
:
f' 36' ::-;De«-.:/r
110 ; Feb ;
136 = Maf/v-?
15%-Feb
V
106
Feb
58% Jan
18
Feb
37
Feb
8
108 :
Feb
19
-
1
29% Sep
102%
13%
Jan"l8
V 7%
Sep
Oct
Sep
893/4
Dec
t- 23 V-jL Apr
3
17%
Nov
>263/4 Feb
10
xl6%
102 '-
Mar 29'
20?*
:
Jan
-2
42% Feb
14
200
Nov
30
/ Sep
1
9% Feb
Dec
July
.
7V4
Dec
9%
•
Oct-
30
22%
103
Oct
13
74
Mar 29
59
Nov
96%
Dec
92
78
Mar 31
68%
Feb
May
/ 210
Mar
48% Jan
14
Jan
Mar 31
R
ji
26y* May
13
Feb
•
202
119
13
/
:
^47>l^J«n1
IB
Jan
s
•"'I
122: May
Mar 24
Jan
Jan
July
34
91
-
2:
16
Jan
303/4 May
31
V
6
35% Mar 11
100
l
109
Oct/:
197
B
pr
11%
98% Mar 17'
43% Jan 18
Jan~~2
Jan
class
conv
Dec
116
1
18
123
10%
preferred
ser
30 % Feb
;
-
2 '-
97
7%.
1st
*15% Feb
100
No par
No par
Co^.
Dec
26
11.10
Co
Bolt
29% Jan 21
/ Mar 21
2
Feb
76%
117%
107% Mar 28
17"
33
Dec
*■ Dec
51V*
107
27'A
50% Mar 15 V
103% Jan
May
May
Sep
•
Feb
80
x48
24%
119
share
16%
Jan
2
100
Co
preferred
Consolidation Coal
conv
5%%
Jan
29
14.
Inc_
&
70
97
13
•
1
22
/
Sep
6
Mar 14-.
'.
Hosiery
Pitts Screw
610
33
105% Apr
$ per
29%
Feb
3
:
100
preferred
,100
50
16
IlOO
Pitts C C & St Louis RR
Pitts
Jan
Apt
-
•27% Jan
4
21
share
35
Mar 20
59
109
22
No par
preferred
"
'
3
Jan
93% Jan
■
5
preferred..
&
7
12% Jan 13
10O
Petroleum
Coke
263/4 Jan
III_100
Phillips Jones Corp
Mills
Mar
105% Feb
__1
Ltd
Jan
24% Mar 15
116
3
preferred
3.60%
series
$4
190
37%
A
Iron
4%
Phillips
r
100
&
Philip Morris &
cum
17
Hl(KL
Coal
-433/4 Feb
16
55
No par
series
pfd
Plllsbury
9,300
-
Read
36% Jan
105
13
15% Feb 20
62% Jan ' 2
-
Highest
Lowest
$ per
$ per share,
46% Mar 14 V
No par
Corp
33/4%
Phoenix
>
com
preferred
&
16
50
preferred
preferred
900
;'C
1.
25
com
3.8%
10
113/4
ioiy4
lli/2
72
;
Co
preference
Phila
14 y8 Jan
No par
Electric
600
/ HOLIDAY
11%
*117
$1
$ per share
No par
$6 preferred
Phila
700
34%
8%
73
3,600
15
__
Phelps-Dodge Corp
Philadelphia Co 6%
Year 1946
Range Since January 1
Highest
Lowest
Pfelffer Brewing Co.
Pfizer (Chas) & Co Inc
5%
106
83/g
125
4,300
2,200
'
175
*181
/ 20
535%
;
*333/4
106
*105
113/4
37
*13
34
107
3,200
26
90
52%
15
333/,
•
STOCK
Par
4.4%
600
6,300
100
*25
90
•
8%
*117
I-'
190
200
-•
IOC 3%
*98%
11%
36%
85/8
12%
*1051/4
98%
k175
*181
37
35/a
106%
98%
*24
175
•> 190
*i05y4
113/4
25
:
333/4
1011/4
22M>
70
97%
33%
121/4
213/4
*175
-*96%
337/8
101%
22%
*12%
*117
«
22%
'
i
97%
"106
22%4
■
Zj
108
333/4
*105y4
*106
120
*96%
14
34%
107
r
26i/4
*87
<
16
34%
*106
53
*
r
*1073/8
26%
98%
90 ;
53% i 53%:
510
f
-
-200
*117
r
20%
333/4
105% i >
^
155/8
97% ;
.98%
107%
36%
120
14%
27
*25%
.
*
•
28%
26%
26%-
190
28 3/8
143/4
34%
*181
*117
28%
1073/4
26%
573/4
1,000
•
253/8
107%
*87
*175
28 3/a
;
108%
243/4
> 14%
*105%
*24
573/4
*107
253/8
14%
*253/4
<12%
573/4
108 %
107%
90
102
.10,900
14%
343/4
12%
403/4
'107%
107%
225/s
40%
143/4
343/4
102
40%
2,400
25
28%
*105%
••
54%
27
26%
*105
533/4
107%
33%
33%
106
L. 106
16
54 y8
26%
*96%
54
143/a
145/a
1
33%
106%
141/4
•107%
25 Va
YORK
Range for Previous
EXCHANGE
Shares
143/a
575/8
108%
243/4
*117
97
97'/a
>53%
107
243/,
*117%
145/8
27%
107
NEW
the Week
40%
53%' 53%
28/a
120 >
1073/4
14%
27
'
24%
28%
Sales for
Apr. 4
S per share
53%
58
*105
Friday:
Apr. 3
•
t per share
145/a
40%
58I/2
Thursday
Apr. 2
$ per share
/
",•*
STOCKS
141
Feb
Feb
Jun
May
f
165
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4583
-
••
(1881)
NEW
YORK
STOCK
LOW AND HIGH SALE PRICES
Monday
Saturday
///.; Mar. 29
I per sharer-
•22%
-
•13
;
,'
•175
./
'
5
14%
13%
•13
133/4
13
23 y8
24
24%
Shares
'
1,700
13
23%
V
22
*21%
22%
16
•15%
16%
14
•40%
223/8
16
13%
13%
42 %
*40%
13%
'
22%
•16
16,
13%
*40%
42%
•22
223/8
61%
61%
61%
61
61%
61%
61%
61
61
27%
25%
27%
25 %
26%.
25%
26%
253/8
26%
99
99
•98%
34
99
98%
983/4
33%
33%
33%
23%
•>.;?
24
109 %
ZZ
33%
34
•23%
24%
233%
23%
*98
98%
98%
98%
33%
33%
333/4
34
233/4
4
24
23%
24%
GOOD
FRIDAY
140
108%
109
114%
116
115
115%
117
116
117
123%
123%
124
125
125
125
125
420
138
139%
139%
140
139%
139%
600
1143/s
114 3/8
114%
140
57%
7,800
11,600
136
136 %
136
137%
113
113
113
113
57%
57%
57%
112 %
59%
109.
108
'
113
57%
•108
1083/4
108%
*113
57%
57%
57%
57
25%
25 %
24%
25%
24%
25%
243/4
25%
243/4
*107%
108%
107%
107%
•107%
108 %
♦1073/b
108 %
33%
33%
33%
21%
•20%
33%
21
"
33%
21
33
33%
•21
33
*21
21%
25
33%
B
Inc_.
Co
213/4
50
200
of
5%
Purity
A
13
Mar 11
43
Oct
20%
Sep
25
Oct
27%- Feb
30
Feb
Feb
17
38
Dec
11
83
Oct
2
13
38% Jan
2
21% Jan
25% Feb 21
107
293yA Aug
14y8
,1
Oct.-
11% Nov
323/4 Jan
16
Jun
19
3
102% Feb
Nov
31%
22
13
ll>
Jan
200
12% Nov
65% Jan
24% Mar 17
97
20
snare
343/4 Jan
Nov
32
Dec
31
Sep
17%
July
Oct
63% Feb
71% Ap r
Nov
983/4
'
67
:
May
105 % May
41
July
Oct
30%
Jun
Jan
2
11U
1
103
112% Jan
2
119% Jan
108
118% Jan
Sep
Sep
1153/4 Jan
31
2
197
F»H
jn
127
2
140
Apr
2
1143/4 Aug
119% Jun
139% May
112
Jan
Atiaf
126
Jan
150
Jan
No par
No par
112% Mar
114% Peo
8
Nov
51% Jan
13
117%
61% Feb
Feb
3
No par
Bakeries
Quaker State
10
Feb
33% Mar 25
No par
21% Jan
47%
13
Sep
25 % Mar 28
693/s
Jan
19%
Feb
28% May
preferred
conv
Feb
18% Feb
16
60% Mar 18
y
Colorado
24
13
x38
No par
»
Mar 20
15% Mar 20
12% Jan
1
preferred ser A
Co
21
No par
Car
Pullman Inc
Pure Oil (The)
1,000
*21
Steel
Pub Ser El ft Gas pfd $5
300
*33
213/4
320
107 3/8
107%
Pocahontas
Pub Serv Corp of N J com__No par
$5 preferred
No par
6% preferred
100
1% preferred
100
8 % preferred
100
550
123
114
1
Creek
Sper
Oct
200-
5
Public Service
5,400'
12%
23
Pond
1,800
116
18% Jan 13
7
Jan
28
Publlcker: Industries Tn«
$4.75 cum preferred
109%
200
24% Feb
Procter St Gamble
123%
17% Feb
23
Highest
$ per share
243/4 Mar 28
Pressed
116
108%
lr
Jan
14% Jan
Poor & Co class
123%
200
26
4,300
I
13% Mar 19
100
Year194G
S per share
13
3,600
HOLIDAY
share
12% Feb
4%%
61%
100
per
21% Jan
6,700
v
,#
Lowest
5
1,000
13%
Par
Highest
5
43
27%
/,;/.:'//,Z/;:Y
—
200
16%
13%
*41
42 %
:
"
Range for Previous
Range Since January 1
Lowest
Plymoutft Oil Co
100
•
24
'•>'
"
STOCK
EXCHANGE
Pittsburgh & West Va_
Pitts Young & Ash pld
Pittston Co
(The) *
Plough Inc
3,900
233/4
23%
;
NEW YORK
>'•/;•,
—
24
STOCKS
•
//-//■,
500
200
23%
%
/
15
►175',
200
T 23
23
$ per share
*
'
:
.
the Week-'
Apr. 4
RECORD
•'y\.
t
Sales for
Friday
I per share
>15
•175
15%,
42
♦14
22%
*13
/Thursday
i' Apr. 3
;■
I per share
■
200
13%
14% 'm
'
/•/;
.i5
22%
13%
23%;
16
14
*40%
*i4
22%
•13
»
22'.. <:/ / 22
,•21%'
/■'I
15%
22%
Apr. 2
ershare
•175 c* 200
n
23%
24%'
l
•14%
13%
'
24%
16
V;
200
•175 :•••
f per share
/.
/ 14%v: 14%
Wednesday
Tuesday
Apr. 1 '
Mar. 31
.
•J
•*
100
Corp
Oil
107 % Mar 10
No par
Ref
Corp
5
31% Jan
10
20
109% Jan
Mar 14
17
107
Oct
115%
Jun
36% Feb
16
4
30
Sep
38%
Feb
19%
Feb
25% Aug
23% Jan 27
R
9 :Z
9%
*76
9
9%
83/4
763/4
*75%
763/4
763/4
'
14
9
8%
83/4
8%
763/4
8%
*76
763/4
76%
76%
200
8,200/
14%
*35
13%
14%
13%
13%
13%
13%
13%
13%
104%
*1033/4
*1033/4
104%
*102%
104%
*102 3/a
104%
1025/8
1025/8
353%
*22%
:-;.*35 (■%
23
♦20
36
22%
37%
37%
37%
35%
22
373/a
20
203/a
*35
22%
36%
^
20%
20
37
20
45
*42
45
*42%
45
35%
*35
35%
*35
35%
*15
16
*14%
15
109
*104 %
109
14
*13%
103
104
*24%
25
14
*106 / 108%
*24%
25
'
•-Z-
15
-
14
-
107%
13%
/
13%
16
*81
15%
82
34%
35%
*101%
15%
30%
7%
29%
.
35 3/a
25
*25
26
200
*15%
81
*78
35
35
7%
7%
7%
7%
7%
14
*13%
28%
13
28 y8
28%
113
*112
73/4
7%
113
7%
13%
27%
♦112
28%
22%
21%
21%
21 y8
108 %
109%
109%
*108%
32%
111
31 y8
111
*133/4
*1103/4
31 y8
32
112%
28
113
*IIO3/4
28%
♦111
21%
110
\
113
213/a
213/4
♦108%
31%
110
*31 Va
'
112
Z
29%
30
31%
111
1103/4
75/a
7%
■%•-
27 3/a
27%
111%
30%
13%
*13%
133/4
*133/4
14
13%
133/4.
40%
40%
40%
403/4
41
40 3/a
40 3%
48
*46
47%
47%
*103 y8
103%
*103 y8
*22
233/4
22%
22%
21%
22
15%
15 y8
153/a
15 y8
15 Vb
15%
*28
29%
29%
29%
10
10
10%
10
243/8
24%
243/4
243/4
x24
*50%
513/4
24
51%
513/4
48
51
9%
*28%
47%
47 VB
•47
103 VB
103
*22%
223/8
22
153/a
15%
15%,
28%
28%
10 VB
10
10 VB
24
24
24
52
52
47%
•51
•
•28
93/4
*23%
*23%
22%
24
*223/4
23%
233/4
52
'
,
22%
33%
Feb
Jun
36%
Oct
46%
Jan
1
31
Apr
4
Jan
8
18% Feb
15
Nov
99
Sep
112%
12 3/4
Dec
163/4
Oct
1173/4 Mar 13
76%
Sep
125%
Jan
26%
Dec
45%
Apr
14%
Nov
74
Dec
16% Feb
17 3/8 Feb
8
84% Feb
18
8
25
31% Feb
7
20
9% Jan
7
May
50 y4
Oct.
Jun
105 y8
Apr
34% July
Oct
7% Nov
24%
Apr
8% Feb
3
Dec
17 y8
15% Feb
4
13%
Oct
213/4
Feb
25 Vb Jan
16
30% Feb
21
24%
Oct
40%
Feb
110% Jan
3
Mar 28
107%
Oct
No par
Jan
xl09
1
7
series
,
118
Sep
97
Sep
39
Jan
2
24%
Sep
124
Jan
28
105%
Sep
Nov
28%
Feb
46%
Jun
3
16
16 3/4 Feb
7
12%
39% Mar 14
441/a Feb
4
36 y4
X47y8 Jan 22
50
Feb
3
43
Feb
6
100^
3
19
100
101
1
Jan
20
20% Mar 15
25% Feb
13% Jan
16
163/a Feb
Jan
14
31
7% Jan
26
Roan
Antelope Copper Mines
Royal Typewriter
Feb
3
,
No par
5
3
243/4 Mar 31
60
-
Jan
Jan
50% July
1083/4 Feb
Nov
Dec
Jun
38
12% Oct
20% May
25
44
10% Mar 31
20% Mar 12
50
1
Ruppert, Jacob
10
Jan
45%
136
Feb
104
313/4 May
110%
Sep
ip
No par
No par
Apr
18
Feb
10
,
Feb
109
Mar 18
12% Jan
•
109 % Mar 31
3
283/4 Mar 20
100
"
(The)
113
20% Mar 14
104
No par
Corp
Ritter Company
300
100
13
Co
Co
2
No par
100
Oil
Ruberoid
Jan
6% Jan 13
273/4 May
101
32% Mar
12% Jan
100
.•■■•;
3.60%
13
Feb
10
conv
Mfg
102
7% Mar 11
50c
Coper
Preferred
Mar 14
24% Jan 13
Cnrp—1
prior pfd ser A
& Brass
conv
29% Feb
100% MarlO
Motors, Ine_l;r-^-L:L_^r._...r—. 1
»
11
108% Mar
40 3/a Feb
800
22%
39
V 53%
2
warrants
Apr
32%
Feb
Nov
Mar 26
with
May
Sep
Sep
Jan
Richfield
6,600
1,600
•
8
15
33
16 3/4
32
Rheem
200
z
2
12% Jan 13
1
—
49%
Sep
40'
76
200
9%.
24
14
16
Common
900
'
513/4
Apr
Jan
Feb
Dec
10
Jan
Corp
preferred
Reynolds Spring
Reynolds (R J) Tob class B
2,700
29
14
105
Jan
Apr
17%
18
38
19
32
Feb
25
50
103
34% Mar 12
3
No par
5%%
500
22..
15%
29
24
'
pfd
preferred
Reynolds Metals Co
3,100
103 %
103%
fr!
50
__50c
1st
38% Feb
Nov
44 y8 Jan
41
Mar
2
21%
50
5%%
130
13%
103%
Co
3
19% Jan 13
9
10
2
6%
1,800
*110% 111%
35% Jan
Feb
25 y4 Jan
13
Jan
Revere
10
J-y
112%
41
3
Jan
7
87
200
3,000
30%
Dec
preferred
$1 conv preferred
Republic Steel Corp
16,900
••a,' '<)
40%
•103
Si
Stores
Republlo Aviation
Republic Pictures
3,700
v
21%.
110
14
*47%
•
V/'
tz*
40%
403/e
■
100%
3
34 V* Jan
21
10% Feb
Reliance Manufacturing Co__No par
Conv pfd 3%%
series
100
500
111%
21 VB
•108%
(Robt)
4,800
./.■; ■•
105% Mar 12
102% Apr
.
ft
inQ
Reo
12 3/a
28 Va
preferred
2nd
2,000
13%
96 Vb Mar
Oct
Inc__.
Preferred
7y8
••/; 7
Dec
15%
13
100
105
8%
7'/a
13%
21%
313/4
73/4
7%
133/a
♦107%
•V
293/4
76%
2
8% Jan
Remington-Rand
20
*101%
4
153/4 Jan
—
Bros
Reliable
3,600
7'/a
283/a
113
7%
79 »:•
34%-
105
*29%
Re La
700
79
33'/a
13%
7%
13
15%
80%
*101
30
15%
35
34%
104
293/4
163/4
1st
non-cum
Reeves
40
25
15%
*101
4%
1,200
25
80 3/4 Feb
13
,
non-cum
Preferred
13%
16
12% Jan
.Real Silk Hosiery
107%
13 ■/
105
80
30%
*104%
*101
'
30%
600
106
15%
105 i '•
*101
200
14%
4%
*101
*24%
82
*81
34%
105
37%
103
'
•153/4
2,100
45
*36
*13
14%
*104%
13%
203/4
-
1,100
*42%
•
75 Vb Jan
1
Ralston Purina Co 3%% pfd
100
Raybestos Manhattan
—No par
Rayonler Xno
:
\
$2 preferred
..x/x/, :,,;,,.;,,; a gg
Reading Company
.50
2,200
36%
No par
No par
Radio-Keith-Orpheum
10
23%
-
20%
:
•/./:,
36
Radio Corp of Amer
$3.50 conv 1st preferred
35%
223/4
36%
20%
45
36
107%
13%
103
f
*42%
15
*104%
13%
37%
c/
20
37%
*35
23/•;./;
22%
*35%
V:
35 3/a
*35
23
*42
TH O Tf £
11,300,
Oct
6y8
Apr
22% Mar 20
13%
Feb
Oct
30%
Jun
6
40%
Sep:
65
26% Feb 21
Mar 26
Oct
17
21%
Oct
34%
Jan
May
Jan
S
LOW
Saturday
Mar. 20,;/
/:/,
iiti Prices
Apr. 1
Apr. 2
51-
8
STOCKS
Wednesday
9 per
tper share
51%
8
HIGH
Tuesday
Mar. 31
tper share
51%
AND
Monday
51
♦51%
75/a Zr8-/r
share
■
,
$ per share
51%
51%
51%
Thursday
Apr/3
Friday
Apr; 4
t per share
51%
I per share
Sales far
.
51%
1,100
113
7%
73/4
7%
7%
7%
73%
26'
23%
6,000
253/4
27%
26%
27%
263/4
21 Vb
23
233/a
23%
23%
23
112%
'-•/
10
93/4
*112 VB
•112%
112%
112%
112%
93/4
93/4
93/4
9%
93/4
Z 9%
9%
Joseph Lead
St L-6an F Ry Co
Pfd series
113
A
70
com vtc
No par
100
5%
5%
preferred
Savage Arms Corp
100
48% Jan 15
7% Mar 26
24% Jan
993/4
♦100%
16%
*93
95%
*93%
203/a
*93
95
95%
20
100
99%
100%
100 3/4
390
16 Va
1,200
16 VB
*93%
20%
*99%
1003/4
16
16
95%
95%
'20%
20
*93%
19%
19%
20%
20
20%
*51%
53%
51%
52
50%
52
50
V51
50
26 %
26%
26%
26 3/8
273/4
27%
,28
27%
273/4
Schenley Distillers
Paper Co
3.35%
W
51
26%
,
3,800
cum
2,200
*
Seaboard
Nov
18
100
Aug
Oct
61
July
98% Jan 25
100% Jan
4
100
Dec
96V* Jan
1003A Apr
1
18 Va Jan
20
pfd
-5%- preferred
Oil
of
A
100
Co___
8%
*7%
8%
8%
♦7%
8%
*7%
363/4
36%
36%
36
36%
35%
36 y4
35%
36%
13%
133/4
13%
13%
13%
13%
13%
13%
13%
13%
1,200
Seeger Refrigerator Co
13%
2,400
Seiberling Rubber
13%
2,600
Servel
14%
'
•
14
14%
"
*13%
*108%
14
*22%
14
13%
i
109
133/4
*108%
109
*7%
14%
13%
109
133/4
14%
23
22%
23
33%
33%
33
333/4
25%
25%
25
25
*24%
81
♦78
81
81
*78
.
23
*13%
109
19%
18%
18%
*18%
19
*18%
18%
*18%
18 3/4
273/4
27%
27%
27%
7%
6%
7%
8%
5%
5%
*5%
5%
37%
37%
Seagrave Corp
10,800
109
80
Sears
Roebuck &
Inc
$4.50
22%
22%
32%
33
1,500
Sharon
Steel
25%
243/4
24%
300
Sharpe
ft
85
200
400
19
*80
19
18%
18%
IP
*18%
183/4
27%
28
8
8
*5%
5%
38%
'
*45%
47%
'
15% k 15 %
35
4%
/:
166
40%
'
403/4
69 Vi
|
•
47%
15%
15%
153/a
15%
*71
72
71
71
71%
72.
*163/4
17%
17% ' 17%
22
*22
22%
22
22
16%
*21%
51
*49
50%
483/4
49
48 3/4
35
98%
31
*30%
155/a
153/a
15%
•/',
35
99%
*34%
*98%
303/4
30%
•30%
14%
14%
14%
35
35
98
17%
13,300
400
1,900
Shattuck
143/4
4%
4 %
4%
4,200
7%:
7%
7%
1,300
54%
18%
300
18%
Z
:
473/4
53
53
18%
18%
18%
47%
47%
;, *164 ~
323/4
166
33%
33 VB
253/4
26
40%
40%
40%
41 y4
69%
•162
.
47%
166
18%
47%
♦162
54%
18%
47%
166
*53
.
18%
47%
47%
163% 163%
33%
34
26
26%
40%
41%
33%
33%
34
26
26%
26
26%
40%
40%
40 3/a
41%
40% .41%
40%
40%
41
413/8
40%
68%
68 3/4
'683/4
68%
68%
68%
68%
*76
83
♦76
83
*76
83
*18
18 3/4
*18%
183/4
*18%
18%
For footnotes
*53
see
page 27
*76
18%
83
18%
Union
16
16% Feb
11
13
Mar 26
16% Feb
12
110
Jan
20% Mar 11
Jan 16
25
Jan
36
Mar
79% Jan 16
No par
3
7
Oil
Oct
32% Apr
17%
23%
Oct
40%
23
Jan
Feb
19
77
Jan
17% Sep
39% May
9iy8 May
26% Apr
27%
43%
21% Feb 18
Feb
22
26
Mar 17
JVo par
preferred
No par
Corp
:34
46
Feb
5
Feb
10
41
.
Socony Vacuum Oil Co Inc
15
South Am Gold & Platinum
1
South Carolina E & G Co—7.50
preferred
Southeastern
1,200
South
Porto Rico
Sugar
2,800
1,100
11,400
Southern
Pacific
40%
4,600
Southern
Railway
700
*79
68%
83
18
18%
300
California
Edison
Ohio
8naldlng (A G)
7.50
-No par >
No par ',
preferred
non-cum
&
Co
&
stk
tr
Bros
ctfs
Inc
Nov
56%
38 3A
Jan
61
Feb
Jun
May
16% Jan
8
15
Oct
203/4
Jan
Mar 15
72 y2 Jan
7
54
Jan
85%
Jun
2
20% Feb
13
14
Sep
27%
213/4Mar20
Jan 14
34yaMar26
233/4 Jan
29
21
Sep
24%
Apr
58
Feb
7
42
Oct
91
Jan
39
Jan 23
.
30
2// 101% Jan
35 y2 Jan
Mar 26
Apr
*
Feb
55% May
353/4
Nov
7
99
Dec
108
6
29% Sep
48
18y« Jun
July
May
15% Jan
7
13%
Oct
3
5% Feb
8
4%
Sep
7% Mar 28
8% Jan
9
7V8
Dec
9
Nov
Nov
13% Mar 14
4%
Jan
24
Feb
Feb
21
52%
Dec
7
20 3/4
Dec
22%
Jan
18
48%
Sep
170% Jan
9
167
54
-
3
47y4Mar 27
160
8% May
53
223/4 Jan
18V\ Apr
25
Southern Natural Gas Co
33
Jan
51% Jan
__100
Jun
17% July
14%
15y8Marl2
5
No par
preferred
Feb 21
Feb
Deo
6% Oct
65
50
Greyhound Lines
Jan
51
Jan 16
Jan 30
8
16
98
Mobile
Jan
6
18
(A) & Sons Carpet Co
20
3%% cum preferred
100
Smith A Corona TypewriterJ7o par
5%
24%
113% May
2
15
—
—
(A O)
Southern
Oct
Dec
18
82
48
8%
12%
Feb
183/aMar31
10
5%
13% Nov
105
333/4 Jan
Mar 11
No par
of America——_1
King Coalition Mines
;
5
1,300
290
13y8Jan
107
Apr
23% May
223/4 July
(W A) iPen Co
Simmons Co
39,600
14%
4%
49%
24
Smith
7%
17%
Nov
10% Nov
29
Simonda Saw & Steel ^^...No par.
Sinclair Oil Corp
No par
Skelly Oil Co
%
—15.
Sloss-Sheffleld Steel St Iron—.20
200
7%
Nov
35%
8
6
100
4%
6%
2
8
7
300
Feb
6
Jan
10% Feb
17
30%
Jan
Apr
16 Vb Feb
9% Feb
99
37%
39%
39
13
1
$1.20
Jun
Z'77% Feb
2
7% Jan
6% Feb
343/4.
14%
Oct
30% Jan
*343/8
4%
Sep
23
7 Vt Mai* 14
*98
7%
42
2
5y4Mar21
Smith
14%
15
Apr
11% Jan
No par
ser A..
G)
(Frank
1
Sep
Feb
28
13
Silver
460
4%
54
Shell
700
7%
♦53
—
17%
55
8
Mar
1103/4
102% Nov
343/4 Mar 11
>
No par
.i.
95%, Dec
Jan
3
24% Feb
Sheraton Corp
22%
4%
143/4
Gas—
Corp
Dohme
$3.50 conv; pref
49
7%
26%
♦26
37%
*45
70%
33%
*33
1,200
47%
99%
7%
48
37%
37%. 37%
*45
48
30%
18%
♦47%
500
17%
35
?54%
*164
3,000
3,400
5%
♦98%
i4%
18%
7%
f 30%
f43/a
♦53
73/4
5%
22
199 %
14%:
27%
5 3/a
*49
•i35
M31
♦7% <\
♦45%
27%
7%
70%
15%
i
72%
16% M7 v'/f
*22 .' i 22 %
*49% 151 --•/ ■;
*30
48
27%
7%
17%
♦70%
*98%
38%
38
38%
*45
1
New
5 3/a
27
.
1
,
No.par
Shamrock Oil St
Sheaffer
*18'%
Co
common
33
900
5
preferred
22%
80%/ 80%;
18%
FRIDAY
,
♦24%
*18%
HOLIDAY
GOOD
32%
32%
*18%
109
8%
22%
23%
32%
13 Vb
13%
*108 %
25
*78
13%
13 y8
13%
109
x
23
S3/*
16
43% Jan
No par
*7%
98% Mar
16% Jan 13
No par
_5
36 %
,
953/8 Mar 13
No par
Del
3
15% Mar 14
100
series
Co
Mar
Nov
Corp
Seaboard Air Line vtc„
4,800
v
Dec
116
42
$3.40 cum pfd
No par
8covill Mfg Co. 3.65% cum
pfd_100
Scranton Eiec Co (The)
5
993/4
1003/4
16%
Sep
53
100
*99%
1003/4
1103/4
8
Scott
16%
4
Dec
7
800
993/4
34% May
2
32,600
42%
1005/s
Nov
11% Feb
363/8
41%
16%
22
49Va Jan
35 VB
42%
100%
3
55 3/4 Jan
37 3/a
42%
*99%
123/4
33
114% Mar
9
Dec
Dec
9% Mar 18
36%
42%
.
May
11%
30%
41% Mar 14
37%
42%
/
64
2
2
35 Vb Apr ' 3
353/4
42%
16%
Sep
12 Vb Jan
5
403/a
42%
993/4
Jan
45
Highest
$ per share
32% Jan
24% Mar
■
16
21% Jan 16
112
2
55% Jan
$ per share
1.75
36%
100%
str°
$ per share
No par
40%
42%
*16
Range tat
ffeari
Lowest
Highest
A
5
40
*99%
./
t.
tper share
10
42%
*100%
'K' /'
>;
/Lowest
Safeway Stores
900
113
*
Range Since January 1
St
3,800
113
*9%
V':
Par
1,900
23%
26%
22%
26%
23
•
-
STOfcK
EXCHANGE
Shares
23%
*273/4
NEW YORK
the Week
56
15,,
Dec
Sep
59%
193
Dec
Feb
May
39% July
333/4 May
30
34% Jan
7
30
24% Jan
8
22%
16
28 V» F<"b
47% Feb
4
393/4 Jan
8
38%
Oct
70
Mar 25
50% Jan
2
33
Sep
65
Jun
•> Feb
8
64 %
Oct
90%
Jun
w
77% Jan
21
73
Oct
96
Feb
"
20% Feb 7.4
30%
Apr
32
40
Jan
100<>Slh67% Mar 24:
100 J^vi77i yan&22"
1-~~—17% Mar 11
t. 77
Jan
;16% Nov
Jun
25
I,,I..
RECORD
STOCK
YORK
NEW
Monday, April
7,1947
CHRONICLE
COMMERCIAL & FINANCIAL
THE
Range for Previous
STOCKS
LOW AND HIGH SALE PRICES
Saturday
*i,
'
Mar. 29
X4; $
I per share,
tper share
share
per
Apr. 3
6 ¥2
6%
6%
6 ¥8
6%
6 ¥4
6¥4
*6%
11 Va
11 Ys
♦11%
11%
*11 ¥a
11% : '
*11 %
11%
11%
♦89%
97
♦89%
97
*89%
97
*89'A
♦53 "
¥
6 ¥4
■v
53%
K
53%
521%
53
20%
20%
20 3%
20¥a
2l¥4
137/a
13%
13 ¥s
13¥i
13 ¥2
131/4
81%
81%
81%
81 ¥2
£2
17V4
17 ¥8
>16%
38
38%
38 ¥a
♦110%
111 ¥2
♦11014
111 ¥2
X *110¥2
33%
33%
33%
33 ¥8
33 ¥4
♦117%
16%
*38%
34%
*99%
3,800
30%
105¥4
107 ¥4
107 ¥4
116
116
116%
116 ¥4
9,100
*
•
108 ¥2
*106
54%
55%
53 %
54%
5434
55
54%
40%
40 ¥4
40 ¥s
40 ¥a
40%
y 40%
41
40%
40¥4
66%
67%
66%
67V4
66%
67%
67V2
67%
66%
67%
26%
27
26%
26%
26%
26%
26¥2
26%
26%
26%
*103 ¥4
104%
*103
104%
'104%
104 3/s
15 Va
15¥a
15
15
15
45%
*45
46
45¥a
45%
42
42
6,200
HOLIDAY
54%
55 %
40%
104
♦103
,
15%
15%
*45
46
*45
42%
17
..
.
42%
17%
41% ¥411%
42%
17%
♦42%
17%
.
44%
*102 ¥2
1041%
18%
18 Ya
18%
18
18
19%
19%
19 ¥»
20
18 ¥2
21%
21 ¥4
15%
15 ¥4
♦21
15%
14%
109%
♦74%
74%
♦120%
122%
9%
♦40%
934 X
9%
40%
9%
1,300
Sterchi
3,000
Sterling
*103
104%
21
21
21
1534.
15%
15%
2,100
21¥a
21%
21%
11,200
74%
9%
9%
40 ¥4
41
-
"114
V
X 44
21%
20
20
•42
42
•17 ¥2
17 ¥2
*20
A
(4%%
pfd
Oil
Corp
Sunshine
11%
2,200
Sunshine
>20%
1,100
19%
200
*41
800
300
18 ¥2
*17%
*173/4 0-183/4
Mining
Co_
35 ¥4
34%
34%
34 ¥a
34%
34
34 V4
5,300
Swift
&
25%
25%
25 ¥2
25%
25%
253/8
25%
6,400
Swift
International
26
26
1,800
Sylvania Elec Prod's Inc
26 ¥4
104
103 ¥2
•
«¥a V
8%
8 Ye
8%
*12 ¥2
123/4
12%
12%
12%
*5%
6 V4
*534
8 ¥4
*5%
,
26
26%
103%
103 ¥2
200
*3%
8%
2,400
*12% >12%
12%
12%
1,100
Talcott
53/4
*5%
,.
99 ¥4
Dec
20%
60 %
May
13
114%
18
70
13
125
Feb
19
78
Oct
135%
149%
58
Feb
10
42% Feb
59%
Mar/7
42
Feb
Feb
7
37
Feb
63
Mar 17
23% Jan
3
70%
Jan
9
61%
Nov
29
Jan
28
6
105
Jan
29
13
17 ¥s Feb
11
Apr
Apr
Aug
49% May
78% May
30
July
Jan
2
13
43
20% Mar
100 ¥2
Dec
108 ¥2
Jan
11'
25
Feb
Nov
56
Jun
37
¥2 Mar
Oct
37 ¥2
Feb
49
Jan
v
Sep
53 ¥2
Jun
,
13
18
Jan
16 ¥a
Oct
26Aug
41
Mar 14
-49
Jan
41%
Jan
63
102
Mar 14
104 ¥2 Mar
102 ¥4
May
109 ¥2 Aug
263/b May
393/4 May
Oct
13
19% Feb
13%
Oct
18 ¥2 Apr
1
24 ¥4 Jan
20 ¥4
Dec
Feb
13
213/4 Jan
21' X Jan
16 ¥2 Jan
20
;v
X 17
14 ¥2 Mar 18
18 3/4 Jan
Feb
11
5
12 ¥4
103 5/a
Sep
61 ¥a
Sep
Apr
124 ¥2 Aug
Feb
16
13
11
15
117
10% Mar 13
45 Va Jan
X 13% Mar
21
233/4 Feb
38 ¥2
78¥2
73/a
Oct
42 ¥4
6
10%
Sep
Oct
24
102
353/4 May
Oct
160
7
19 ¥a Nov
23
Mar
5
38
19
2
May
Aug
Apr
56 ¥2
17% Oct
17
Mar 28
47
40% Mar 15
Jun
14
2
24 ¥4 Feb
116
19 Vs Mar 11
14 ¥2 Jan
Nov
Feb
233/4
3
122
39% Mar 24
103/4 Jan
Oct1-
Mar 26
15% Feb
10
101 ¥2 Jan
23
Oct
18 ¥a
75 ¥2 Mar 24
3
11% Jan
145/a
Apr
July
24 ¥4 May
110
May
108
18
Jan
Feb
25¥s Feb
16
70 ¥2 Jan
May
Dec
Apr
13% Sep
31 * Sep
Apr
f
55 ¥4
21
Aug
Jan
37% Jan
28
41 ¥a
Feb
223/4 Jan
27
27 ¥4 Jan
2
253/4
Nov
36 ¥4
Jan
223/4 Jan
16
28 ¥2 Feb
13
19 ¥4
Nov
41 X
Feb
33% Mar 14
No par
No par
1
$4 preferred
Symington Gould Corp—
8%
8%
Mar
May
98¥4 Dec-
Jan
15 ¥2 Jan
—
8%
104
104
104
103 ¥2
•■/■/:
9
26 ¥4
253/4
26 ¥4
103 ¥2
26%
26%
♦103
Ltd
May
55
Jan
25
Co___————
24%
55
116
;
Oct L
Oct
39
Superior Oil of Calif—
34%
<
123/4 Jan
Superheater Co (The)
253/s
/
2
44
12.50
10c
Inc
25%
25%
36% Jan
;—-
——^
Biscuits
35%
.
13
101 ¥2 Jan
——No par
25
Superior Steel Corp—
—50
Sutherland Paper Co__
10
Sweets Co of Amer (The)
4.16%
43
101 ¥2 Jan
7% Jan
Sunray
1,700
*19 ¥2
121
Nov
118
9,700
200
343/a
39%
100
cum)
11%
42
42
19
f
:;
Class
9%
115
6
13 Vb Mar 20
403/4
114
37 ¥2 Jan
107
20%
11%
120
Oct
16
\
No par
Co
9%
>21%
*114 ¥2
116
44
♦16 ¥2
17%
35
11 ¥2
20%
:.n%
11%
X21%
*115
;/
20
42 ¥2
44
♦16
:
*19%
20%
•20
/X.X X
21%
/. 120
21%
21%
120
12
11 ¥2
11%
11%
♦21%
Feb
5
109 ¥4
,
50% Mar U
series A preferred—No par
$4.50
40%
:
•
♦114
1,300
Sun Oil
30
33 ¥2
107 ¥2
1
Chemical Corp
Sun
121
41%
93/4
40 Va
120%
122
*1203/4
122
*74
74
15 Ve
2
X—-1
(The)
COrp
Apr
Apr
Apr
11
-
Studebaker
84 Va
45 ¥2 Jan
:
98
———
1,000
•
109%
'75
*108
1091/2
74
14
13 ¥4
141/8
500
—
Jan
39%
112% Feb
5
19%
15 ¥a
141/8
Corp
Stewart-Warner
Dec
,
40 ¥2
106
Stokley-Van Camp Inc
—1
5% prior preferred ————20
Stone & Webster
No par
21
211/2
preferred
3¥2 %
1,500
56
Dec
Nov ;
28% Jan
—_5
—iOO
common
'Sep
98 ¥2 Mar 25
6,100
19%
*108
Drug Inc
May
July
14 Vb
16
1
Inc
Stores
Bros
4
18% Feb
Jan
27
104
.
18%
,
33% Mar 14
17¥a
17%
19¥s
9%
40%
40%
17%
44%
19 ¥2
14
*120 ¥4
1211%
121 ¥2
17
Sep
37
7
90 ¥4 Feb
.
14% Mar 14 X
prior
44
18 ¥2
1091/2
74 ¥4
74
300
42%
*41%
18'/a
21%
14
*108
74
46
*44
15 ¥e
21%
141/2
♦108
100
21%
15¥i
IO91/2
14 ¥4
14%
♦107%
1,700
19%
*21
¥4
22»%
21 ¥2
22%
22%
21
,15%
100
15'
14%
104'%
*103
104%
*103¥8
7,300
x
NOV:
•
37¥2 Mar 20
prior
17%
44%
45
46
44%
104%
18
44%
♦102%
11,800
13%
11 ¥4
25
4 per share
Oct
Sep
Sep
109¥2 Jan
pref„No par
preferred
No par
preierred—:
No par
Standard Oil of Calif
No par
Standard Oil of Indiana(—25
Standard Oil of New Jersey
25
Standard Oil of Ohio—
10
3%% preferied sei.es A
100
Standard Steel Spring
1
4%
conv
preferred
—50
Starrett Co (The) L S
No par
$6
$7
X 23% Feb
¥2
92
•
17 ¥4 Feb_
80¥4 Mar 27
Standard G & E Co $4
y
7
14
3
No par
preferred
cum
14 ¥2 Jan
5
93% Jan, 13
55% Jan X
3
No par
preferred
Jan
13 Va Apr
:
D Co
5
Squibb (E R) & Sons common
1
$4 preferred
»
No par
Standard Brands. Inc.-*No par
45
*17
17%
*17
10,500
FRIDAY
GOOD
104%
*103
15%
500
600
116
115%
'? 47
Highest
t per share
8
13
X 19% Jan
share
V 7% Feb
13
Mar 27
93% Jan
Square
$3.50
30%
29%
303/4
30
29%
105 ¥4
—
$4.50
Conv
100%
55%
,
400
34%
1001/4
*99
100 ¥4
2,800
"
160
34 ¥b
34%
34¥4
2
Spiegel Inc
140
111
110%
111
111
;
■:
117
116%
120
17¥4
>
6,900
:
S per
5 ¥4 Jan
11
1
preferred
No par
Spencer Kellogg & Sons——No par
Sperry Corp (The) —
-1
1,100
:
82
17'A
40/'
X 81%
82
39¥2
No par
Spear & Co
3.500
13%
30%
107
108%
13%
107 ¥4
30%
X
31
30%
108%
111
*99
100 ¥4
♦99
100%
♦99
131/2
Sparks' WIthington
X
Year 1946
: Lowest
Highest
Lowest
4 per share
-
For
$5.50
21%
v
16%
V
38%-
800
v
20%'
*38 ¥4
17
•
2,500
52V2
52
21¥i
¥
81%
82
17 Va
39
17
♦38
97
52 ¥2
52 ¥2
¥
y.
EXCHANGE
Shares
t per share
6¥s
HVa
*89%
97
21'/a
13%
X
54
20%
Range Since January 1
STOCK
NEW YORK
Sales for
the Week
$ per share
t per share
♦
Friday
Apr. 4
X,:
Apr. 2
Apr. 1
Mar. 31
Thursday
Wednesday
Tuesday
Monday
104 ¥4 Mar 11
101
Nov
102 ¥4 Jan
2
7 ¥2 Jan
16
10 ¥2 Feb
7
73/a
Nov
13
14
14
14
14
Feb
17
113/4
Jan
6 ¥4
Dec
603/4 Mar 28
14% Sep
52
Feb
10% Jan 13
49 ¥4 Mar 19
14 ¥4 Mar 28
53% Feb 27
46 ¥2' Sep
60 3/4
13
30 ¥2 Mar 27
21
32%
15% Jan 16
20%
Feb
21
41
58% Feb
18
14% Oct
35
Sep
109 ¥2 Aug
16%
Jan
XT
.'
12%
;■
/ 6 ¥4
5%
15%
15 ¥2
593/4
59%
59%
5,400
Texas Co
13%
13%
3,100
Texas Gulf
50
50%
1,900
Texas
3,100
Texas
Pacific
5,000
Texas
Pacific Land
300
Texas
&
153/4
153/4
15%
15%
597/a
60%
59 ¥4
59%
13%
13%
13 ¥2
13%
13%
13 S/8
13 ¥2
13 5/8
50 ¥4
503/4
50 ¥2
50 ¥2
50%
50 ¥2
293/4
30%
18 ¥2
19%
57
57
•
29%
18
18 %
513/4
18 3/4
5&
123%
13 Va
/.XX 9 ¥2
13
15 ¥2
X
*15
*50%
*20
*15 ¥4
*104 ¥2
X 15
104 ¥2
5%
5%
*33
19 %
19%
40
10%
10%
10%
17,500
20%
20 :■
20%
1,800
Va
♦14%
*48 ¥2
15
15
20 ¥4
104
18 ¥4
18%
47
473%
473A
13%
13
13 ¥s
13
13
13
13
19%-
19 y8
19%
20 ¥4
19 ¥4
20%
20%
*16 Va
17%
*16%
6%
6 ¥4
*18 ¥2
18%
34%
34%
42 ¥4
42%
18 ¥»
34%
*41
109
*103
6¥s
108%
33%
18 ¥4
i, 6%
108 ¥4
6%
109
109
*103
13%
13 ¥4
*12 ¥4
47%
47%
*46 ¥4
15
*14%
18%
33
18%
*103
109
$6
Dec
18%
Nov
1,500
Truax-Traer
33%
8,200
20th
42%
200
*103 ¥a
13
*12 ¥2
13
*46 ¥4
47
*46%
47
15
47
14%
*14 ¥2
15
14%
12¥a
200
43
12¥s
100
1,100
14%
10
18 ¥4 Jan
13
20 ¥4 Jan
6
102 ¥4 Jan
2
108 ¥2 Feb
24
2
.
No par
No par
No par
21 ¥4 Feb
66 ¥1
Oct
21% May
18 3A
Dec
71
14
Dec
33%
.5% Oct
12%
105
Nov
7
102 ¥2
Feb
Jan
Mar
63% May
37% Oct
46 %
Jan
22% May
Sep
6
Jan
.
114
Sep
16
20
Jun
Dec
79
106%
May
Jan
Feb
11
11%
Oct
24
51 ¥2 Feb
2
12% Jan
1
26%
Oct
6
18
433/4
Dec
71%
Apr
5
11 Va
Nov
26%
Jan
16
16
Jan
15
45
Oct
Jan
103 ¥4 Mar
Feb
112
Nov
383/4 Jan
48
Apr
13 ¥a
7
20
13
16
12 ¥2 Jan
50
7% Feb
Jan
24 %
16 ¥a
4
112 ¥2 Feb
26
13
xl02V4Feb 27
No par
Co
Mar
Jan
Jan
Jan
Jan
68
Oct
99 ¥2
3
19% Feb
.
Jun
Jun
13%
38 ¥4
6
16
69 3/8
112%
17% Nov
3
108
17 ¥2
30 ¥2
39
No par
pfd
Twin City Rapid Transit
5% conv prior pfd
15 ¥2 Jan
22% Jan
Oct
32
13
15 Va Jan 15
6¥a Mar 15
;
No par
prior
51% Feb
17 ¥2 Jan
5
*.1
21% Feb
433A Jan
2
fv'12% Mar 14
No par
No par
Mar 11
18
21% May
Oct
Oct
5% OCt
1
5
Corp
14 ¥4
38 y4
102
3
39 ¥2 Feu
Corp
Film
Coach
7 ¥1 Feb
No par
preferred
16
30
Mar 10
1
3
Oil
St'l
9 ¥2
11
Jan
106
8
Apr
33
No par
Axle
$1.50
Twin
163/4 Feb
59%
Mar 15
Jan
5 ¥2 Apr
No par
Corp
Fox
4
Mar 25
25
100 -103
$4.50
109
*46 ¥4
:<
Cen
163/4 Jan
No par
preferred
19
*12%
14 y8
21
Tri-Continental Corp
33
18%
t
X
13%
14%
213/4 Feb
1
7,900
47
14 ¥4
Jun
tTransamerica
*41
18%
42
Feb
20 ¥2
Transcont'l & West Air Inc
180
33%
70
Oct
3,100
4,300
42
Oct
com
Williams
Feb
17%
Sep
13 %
6¥8
30 ¥4 May
10
Roller Bearing
1083/4
61 ¥2 July
Sep
"48
Associated
&
Sep
Sep
15
5
preferred
Transue
13 ¥4
47
13
15
Detroit
-
18
13
173/4 Feb
13
$3.75
18
Sep
21% Feb
59% Feb
14% Feb
Timken
203/4
/ *16%
18
14
60 ¥4 Feb
Timken
21 ¥a
May
13% Feb
300
13
Jun
65
9V2Mar31
preferred
Water
Jun
26 ¥2 May
11 ¥2 Mar 14
Thompson-Starrett Co
$3.50 cum preferred
Tide
18
Oct
53% Mar 18
R)
(J
Aug
July
1
(The).
Products
9 ¥2 Mar
Jan
Jun
68 ¥4
50
2,100
63/a
*103
109
4%
13
Corp-No par
2,200
108 ¥4
33%
t
Thompson
Thompson
Co
19 ¥4 May
25%
13
Mar 11
preferred—
Transit
Steel
7
Mar 21
15
common
conv
9
Jan
55
No par
18 ¥8"
6%
./ 18¥a
42%
i ¥
Co
div
7% Jan;
173/a Feb
14 Va Jan
5
No par
—
Avenue
Thomas
,—100
Co
48 ¥4
104
108 ¥2
108
33%
*41 ¥4
42%
18
6%
;
109
*108
'■' /
20%
Ry
Mfg Co—
pfd
conv
21% Jan
1
Trust
47%
18 ¥8
18%
14,300
$2 ¥2
Third
-—10
18¥a
104
47%
13%
*108 ¥4
200
1S%
48 ¥4
18
1,800
19%
18%
*16 ¥2
5%
33
48
!:
150
33
18 ¥4
18
600
5%
104 ¥2
104
18%
300
20 Va
19%
■
15
34
*33
a
48%
47%
*104
5%
5%
?.
105 ¥2
*14%
.
493/4
104
104
48
/
Thermoid
12
55 ¥a
18 ¥4
6 ¥4
1,700
12%
55%
No par
Oil
&
The Fair
12%
47%
*16
100
10 ¥a
34%
104
%
Glass
$2.40
56
V?
Pacific
Thatcher
_1
—
Sulphur—
Coal
-
25
—
Producing
Gulf
590
X'
-1 b
12%
104
19 ¥4
105
'?
19%
*33%
20
*103 ¥4
•
1,100
fax*
X
¥2
56
•
"5 ¥2 X 5 ¥2
34%
19 ¥4
105
*103 ¥4
X
104
34
15
20
49
5%
5%
34
15
49%
15 ¥2
; T04¥a
106
16 Vs
x.,-'
18 %
57
*15
10 Va
20
513/8
50
513/4
18%
57%
\
'
-
50%
19
56
9%
20%
20%
*20
12%'
50%
51%
58%
12%
*55 ¥2
18%
18
58
-
16 ¥2
12%
56%
29
28%
18%
19
•58 ¥2
*15 ¥4
16%
,*15 ¥2
51 ¥4
52
*50 V4
18%
58
*55 ¥a
'
56%
X 12
29%
18
18 ¥4
-
v.
13
12%
*55 ¥8
29%
18
*50 ¥4
/
X
16%
*15 ¥4
29%
18%
58
51 ¥4
*18%
29 5/s
18 ¥4
«.
*50
-
29 ¥2
18%:'.
Corp
(The)
15%
59 ¥4
153/4
60 ¥2
X
—
*15%
15%
51
Tennessee
ll3/4 Jan
5 ¥2 Mar
\ 15 X Mar
553/8 Mar
9
——5
5
(James)
Telautograph Corp
1,000
60 ¥2
*50
200
6
Inc
„
15% Mar
Apr
U
LOW AND HIGH SALE PRICES
Saturday
Monday
Mar. '29
Mar. 31
I per shard
*52
Tuesday
Apr. 1
I per share
53
$ per share
52
*51%
52
the Week
t per share
*13 %
13%
12¥4
13 Va
*123/4
13 ¥2
*127/8
13 Ve
13
32%
32
32 ¥a
31 %
32 ¥4
X32¥4
32%
32
99 Va
99
99%
*114 X 115
115
115
*102 X 108
*102
108
983/4
♦99 ¥2
100
21%
99 ¥2
21¥4
*124%
125
*110%
*35 ¥4
173/4
•
17¥B
:
118
44
44%
*74%
75
*29 ¥2
32 X
6%
63/4
*733/4
74%
3%
3%
v.
*523/4
*8%
*86
*36 ¥2
49%
23%
15%
102
21¥a
21 ¥s
21%
123 ¥2
35 ¥4
*35 Va
18
107
36
9%
*35%
36
183/4
18 ¥4
19 ¥2
193/4
*106 ¥4
107 ¥2
106 7/a
263/e
27%
273/4
120 3/4
120%
120 7/a
44%
443/4
44%
76%
'6 ¥4
.32' X
119
45
44%
32
;
6%
73%
733/4
3 ¥2
3%
3%
3%
53 ¥4
52%
53%
*8%
9%
*8%
.31 ¥4
6%
74%
'6%
743/4
88
6%
*73
3%
53
9
*8%
88
88
13%
13%
*86
13%
37
36%
36%
36%
363/4
50%
49 ¥2
50%
49
493/4
15%
23 ¥2
15 Va
163/4
9%
23%
19%
106
*16
102
;'
17
102
*108
17
19%
19%
*104 3/4
106 ¥2
>
"
119
76%
6%
6 ¥»
6%
6,000
743/4
73%
73%
70
3%
3 ¥4
33/a
32%
100
27,400
53
*52%
53
3
2,100
9
8%
8
¥2
100
90
90
13 ¥2
13%
13 ¥2
30
700
36%
36
36
49%
6,800
23 ¥2
23%
23%
15
*15%
X. 14%
110 ¥2
*109
X *16 ¥2"
9%
19 %r
19%
*102
104%
United
17
24
'■
3,100
14%
-
10,800
110 ¥2
16%
*99 ¥2
101%
196 ¥2
196 ¥2
*194
198
283%
28
28
*88 ¥2
91
*88 ¥2
51%
91
52 ¥4
17
*16%
101
102
*194
16%
198
-
27
101 ¥2
*88 ¥2
' *•
90
51%
102
101%
8 8 ¥2
52%
52%
200
101 ¥2
194 ¥2
¥2
25 ¥4
'88 ¥2
*86 ¥2
88
2,200
30
•X
26
53
52
¥2
50
52
2,900
For footnotes see page 27
t,
1
r
t'.?
"uxx- /
Z?-'
X..
•
1
k
•»
,4 .'i
-/
^
-
1..^
».
2
....
/-
)•
\
-
■
e
V
>
1,100
• r-
v
-
'iC
-
T/t...3"7.//
...
v■
»',r
TT
a
Jan
10
3
15
109
Mar 20
Mar 27
29
102%
37
71% Mar 20
.
16 ¥2
101
42 ¥4
Jan
Nov
37%
Dec
32
119 r
54%
Jan
Jan
Jan
Sep
Jan
2
33 ¥4
62,
:
•
Feb
10
Sep
263/4 Jan
6
Drug
Fi^eight Co-
5
Industrial
;
89 ;
Oct
/
¥4
Apr
Sep
Jan
56% July
7%
31
3
53 ¥4 Mar 27
44
«% Deo
16%'Aug
Jan
2
71 ¥2 Mar
105% Aug
4 ¥a Jan
jan
95
13
2
34 ¥4
51
2
41 ¥2
16
44% Jan 14
Jan
223/o Mar 17
24 ¥4 Jan
Jan11
19 ¥4 Feb
13%
12
—2.50
.
1 q
Jan
19 ¥1 Feb
"
1031/2 Mar 24
6
8
21 ¥2 Feb
13
Jan
28
2
18 ¥4 Feb
3
86¥4 Jan 16
1073/4 Feb
11
15
'
Jan
^25 ¥4 Apr *3
88%aS£ 2
x41
Jan
-13
106
196 ¥2 Mar 29
22
Apr
Aug
Jan
30%
Oct
9%
Sep
15% July
9 ¥2
Oct
18% May
15 ¥2
Oct
X
,Nov
13/
Nov
101
93
187 ¥2
Sep
Dec
32 %
May
1093/4 July
29 ¥2 Feb
132
May
X205
Sep
X
26
Feb
;
Feb
90
Sep
;
53 ¥4 Feb
13
37% Nov
94
2l3/$ Feb
56 U Jan
53% Aug
110
/
6
15
33 ¥2 Jan
'
1
104 ¥2
21
11% Feb
9% Mar 17
£
,
Dec
Oct
18% Oct
12 ¥4 Oct
17
109 ¥4 Mar 26
Ifi
Oct
123/4 Nov
Feb
43 ¥2 Jan
13
35% Mar 21
107
par
Dec
78
Apr
May
17%
10% Feb 10
13
No par
Chemicals—No
40
2
100
iZII—ioO
8
10
91%
r.
86 ¥4 Mar 19
No par
preferred
Jan
57¥4 May
i
23% Oct
6% Oct
16
3% Mar 15
100
K°
8 ¥4 Feb
83,
v
8ya Jan
1
-10
Inc
Mar 25
Feb X8
49 V* Jan
1
•
15
73 ¥4 Mar 14
5
Cos
32,
Feb
Oct
120 ¥1 Mar
77 ¥4 Feb
.
May
168%
Nov
46
Mar 14
,
Apr
Oct
19 ¥2
28 ¥2 Apr
120% Apr
Jan
110 /
2.
1
16
107 ¥4 Mar 10
21
,
233/a
203/4 Nov
7
Feb
13
y? Jl ^rPpSf^rp?°
20
U S "Hoffman
Ma7h~Co5—5
8
22% Jan
137
Mar 12
No par
50?!SEJ™*-
■,4¥4%
U
96
i7i/8 jan
T
17
S4
2
103% Jan
Frmlnrning & Fdy——5
S Improvement Co__13%
r—No Par
Gas
2,900
U S
13
No par
Uns?dn^7Ch ? MfrS Inc
5% preferred
100
Jun
Feb
Apr
111,
Feb 26
38?/4 Feb 10
203/4 Apr
3
10
—~Z
Rexall
X;
107%
105.
102*
121
100
Paperboard
16%
Jan
Oct
Dec
13
14
35
Corp
United
19 ¥e
Feb
111
Feb
105
common
United
194%
198
26
Corp
900
106
115%
5
Co
9,800
18%
Jun
100
Co
9%
*16 ¥4
Apr
111
5
106
__100
Inc.—
Electric Coal
TTniteH
United
Sep
Mar 31
115
17
1
Biscuit
Carbon
^fe?™ed
United
United
May
125
100 3/4 Mar
-No par
rnS?Jr?,ference,, ^
Dyewood
tt
39
88
29
203/8 Mar 15
__100
preferred
16 ¥2
*102
16%
26
Lines
cum
9%
19%
106
*194
27%
Air
16%
9%
__25
Co__
preferred
United
1,200
49%
RR
Jan
15
105,
United-Carr Fast Corp
No par
United Cigar-Whelan Stores
3Gc
$3.50 conv. preferred
100
'
*16
United
United
*30%
92
4% %
300
31%
California
NOV
7
25
99¥aFeb
No par
P*eferred
United
4,100
•
of
non-cum
Sep
12
34 ¥2 Feb
89 V4 Jan
No par
series
Union Tank Car—
United Aircraft Corp
1,300
45 ¥4
76 ¥»
4%
1,000
25,200
*44%
76%
32,000
28
49%
9%
18%
45 ¥4
Pacific
49%
X:
'17%
104
20%
119
Oil
Union
100
109
*109
15%
110 ¥2
9 S/8
193/4
Union
200
series.
$3.50
1,500
.,
35%
21%
Preferred
3,900
.
36%
/X
*16%
9%
13%
23%
15%
110%
*28 ¥4
52
23%
153/4
6%
♦108
119
360
v
$3.70
803/4 May
49
153/4 Jan
16
xll2¥i Jan
par
Preferred
110
*107
28 ¥2
*74 ¥2
75%
*29%
20%
107
60
21%
*35 ¥4
27%
*29%
4,800
123 ¥2
*109%
107 ¥2
75 ¥4
21%
123
i
110
v
*13%
23%
124
*109 ¥2
26 ¥4
*86
13%
213%
21%
*124
124 ¥2
llOVa
17%
52
102
110 %
*17
19%
102
124 ¥2
110%
*104 ¥4
100
110 ¥2
*108
93/4
100
FRIDAY
25% Jan
23
58 ¥2 Feb
51 ¥2 Mar 25
i23/4 Mar 14
.
Highest
$ per share
$ per share
g per share
$ per share
_„No par
—
105
100
GOOD
Underwood Corp
Union Asbestos Ruber Co
5
Union Bag & Paper
No par
Union Carbide & Carb:.
No par
Un El Co of Mo pfd $4.50 ser No
6,600
114%
*100
52%
53
88
♦13%
*114
105
76 ¥2
26 ¥4
118
114%
*102
35 ¥4
107%
25%
99 ¥4
*114
119 ¥4
1073/4
99
108
110 ¥2
353/4
100 Vb
114
113¥8
123 ¥2
-
99%
*102
99%
21 ¥2
111
99%
Par
Lowest
Highest
:X
Previous
Year 1946
Range Since January 1
Lowest
900
r
HOLIDAY
Range for
•»
'
«tocK
EXCHANGE
■
600
32%!:
99%
NEW vnPK
Shares
•
52%
13 yx'
32 ¥4
,
Sales for
Apr. 4
t per share
52
52
Friday
Thursday
Apr. 3
/.;//. Apr. Z
I per share
52
51%
STOCKS■
Wednesday
47% Apr
98% Aug
62
May
Number 4583
THE COMMERCIAL & PINANCIAL CHRONICLE
Monday
Mar. 19
9 per
9per there
14
2W>
•175
soo
•22*4
US
23 •»
US
24S
S3**
22
23
«
10
24 S
•21S
12%
US
24
its
US
•40 S
»♦
14
42S
♦IS
tis
it
14
22*#
•13
|4S
*40'*
43
♦IS
ilS
27%
27%
15*4
99
14
•H'l
34
J1S
*3%
14
21*4
,'vit»s 104%
24 S
|0«% io»
114
114
|14%
ltd
K3S
123%
123
123%
n«
134*4
113
113
ill
137%
113
57 S
57*4
25%
V us
;
•147% 104%
'
US
33 %
•20%
69 <4
67%
24 %■ 25%
107% 107%
33%
33%
21%,
tper there
15
*1
„j,
f
*
Fridays
♦
-^u'
iv,.
•
25
.
f
RECORD
ivy:,'
-y'-
Sales for
♦
Apr. 4
22S
23
•13
•175
200
23%
13S
there *\£
per
14%J
15
•173
13*4
'
v
23 S
13
9 per there i
'
500
23%
3,900 ^
•
13
23%
'
; ioo
(\
Pittston
Co
Plough Inc
_
1,701) :
200
Poor tt Co class
22%
•22
22%
16
-
16
•16
16 %
US
13
%
*40 S
42 S
•40 S
42%
•41
61S
61%
81%
61
61
25%
26%
25%
26%
98%
98%
98%
33%
34 V
1,800
Public Service
24%
5,400
Pub Serv Corp of
108%
320
26%
*8%
*8%
33%
23%
114
115
34%
•
13%
,
HOLIDAY
GOOD
4j300
140
FRIDAY
114%
•113
114%
140
57%
57
57%
7,800
24%
25 Va
24%
•107%
108%
107%
21%
.
25
11,600
300
'33
33%
1,000
21%
*21
107%
33
33
$4;75f
12% Oct
200;
Nov
13
24% Mar 28
19
200
<3
July
29% Aug
14% Oct
16
13
11% Nov
Feb
20% Sep
25
No par
*21
21%
200
11,300
71% Apr
Not
Feb
67
May
.
98% Dec
31
105 % Max
Sep
41
July
21% Jan 16
107
Jan
2
112% Jan 2 V
1
103
100
119% Jan 31
108
100
preferred-
118%. Jan
2
J 97
F»H
If*
2
140
Apr
2
114% Aug
119% Jun
139% May
127
112
Nov
117% Feb
69% Jan
—100
Pub Ser El & Gas pfd
Pullman Inc:
5%
2
63%
Oct
32
2
Dec
53
13
38% Jan
No par
preferred
V
112% Mar
i)kai
3
-
107% Mar 10
109% Jan
31% Jan 16
36% Feb
(The)
No par
Ref
17%
8
61% Feb
No par
100
5
51% Jan 13
21% Jan 13
114% Feb
>
Nap an
preferred
Bakeries Corp
Quaker State Oil
Jan
25% Feb 21
110
No par
$5
conv
Purity
82% Jan
102% Feb
33%. Mar 25
N J com—No pan
$5 preferred
Pure Oil
24% Mar 17
' 97
jan 11
Iho————5
Oct
'
27% Feb
30
Feb
c::
38
-
Colorado—20:
of
Co
Feb 17
x38
Marli i'i.V; 43
60 Va Mar 18 v -65% Jan 11
50
Not
22
Oct
10
Corp
i
31%* Jun
v
Feb
f
34% Jan
l(
12% Nov /
18%Feb
24
V
t per there
'
Oct
24% Feb
5
14% Jan 28
12%. Jan 13
No par;
_.
preferred-
cum
8%
57%
33%
t per shar e >
7
23:
13 ;>,?•
——1.
A.
ser
Ftotillcker Industries
6%
139%
114%
25%
Jan
26
Mar 20
;21
200
13 V
f'r
7 % preferred
117
125
139%
108%
preferred-
Procter & Gamble
550
116
125
140
33%
—_1.
17% Feb
<
No pof .15% Mar 20
B
Steel Gkv Co- Inc
600
117
125
•107%
Pressed
„
Pocahontas—
420
-'-v.';
115%
139%
57%
Pond Creek
4%%
3,600
125
123% 124
13S
139%
112% 113
67%
•108
108%
108
,
43 f
23%
24
23%
23%
:
1't per share
19
23
Highest
.
337 a
33%
105
13%
13%
•98
33%
101%
24V4
I per share
100
13% Mar
_100200
Jan
1;
>18% Jan
.-5
12 % Feb
.-8 •;21% Jan
—
Plymouth Oil CO:
1.000
6,700
223a
Lowest
.
-
'} V
Year 1946
'
"i1
W'l
13*4
Range for Previous
.U Range Since January ! *
Highest*
Lowest
>
.
1
West'Va_
Ash pfd.
(The)
;
Pittsburgh &
Pitts Young &
24
:
(
&
Sharet
.
'
15:, *: >
200 v"
23S
♦1
STOCK
EXCHANGEjt;; z
22 S
23%
•IIS
•IftS
V;.: Zr/M
.STOCKS*
NEW YORK
the Week i
24
•21
31
:■
•14
200
22%
Thursday
Apr. 3
9 per there
;
*14
*13
STOCK
«p
Apr. 2
•175
■
YORK
'
26%
W
33*4
34
>
Apr. I
there
•14%
14*%
i
•13
-
LOW AKD HIGH sals ruces
>■ Wednesday *
Tneeday * *
Mar. 31
*m
fl-U
v.
NEW
•ittrliijr
'
.'■f-iVvYl-Wi.
I
vv-'
•••
Volume 165
<
.10
20
30% Jun
115% Jan
-
"
126" '
Jan
150
47% Sep
19% Feb
25% Mar 28
Jan
28% May
Jun
17
107
Oct
115%
4
30
Sep
38%
19%
Feb
25% Aug
23% Jan 27
Mar 14
Oct
Sep
Sep
Feb
R
t
9
9%
13%
13%
13%
13%
•102%
104%
•102%
104%
102%
102%
*3$
36
*3$
35%
*n*«
23
3th
»?%
11%
tth
11%
♦35
23
22%
36%
37 %
37
?«**
43
*42
4$
*42%
35%
*31
35%
*35
14
30%
*14%
10
♦104% 104
*»«§*♦ %m
1#
*11%
i
103
13%
104
w*
M
•14%
*w*
1#
15%
m
it
41
11%
103
39%
tm
t%
f%
15
14
13%
15 y4
13%
13%
35
1,200
2nd
Real Silk
Reeves
•/»
105
40
26
200
Reliable
15%
700
80%
*78
34%
*101
79
,79
20
34%
35
33%
105
*101 y2
105
29%
30
29%
*29%
8%
7%
3,600
Reia
(Robt)
&
Preferred
2,000
Reo
Republic
Republic
76%
87
Jan
2
Jan
16
29y2 Feb
13
Sep
26% Dec
125 y2
Jan
45%
Apr
Mar 14
17% Feb
8
14% Nov
27% May
101
May
15
Mar 26
2
100 y4 Mar 10
25
Motors, Inc
Jan
32
24 y2 Jan
1
74
13
84 Va Feb
18
40% Feb
8
Jan
2
100
Oct
31% Feb
76
1
warrants
117% Mar 13
7
20
Oct
102
Dec
32% Mar
50%
Jun
105 Va
Apr
34% July
24%
7% Nov
9% Jan
7
6% Jan
13
8% Feb
3
Dec
17 Va
Feb
10
12% Jan
13
15% Feb
4
13%
Oct
21%
Feb
37%
28 y4
28
28%
27%
27%
16,900
Republic Steel Corp
No par
25% Jan 16
30% Feb
21
24%
Oct
40%
Feb
*112
111%
my2
200
107%
Oct
118
21%
3,000
•108%
Sep
Sep
110%
Jan
45%
Jan
33
113
21%
31%
21%
110
f, *1U
21%
13%
*13%
40%
110
21%
110%
21%
'108%
31%
*31%
31%
30%
30%
1,800
*110%
111
111%
130
14
13%
13%
500
40%
41
40%
40%
3,100
47»/a
47 Va
*47
103 Va
103 Ys
47%.
*101% 103%
*103%
103
21%
22
22%
22
22
15%
15 %
15 y4
15%
15%
15%
39%
•28 Ve
29
28%
28%
50
-
103
23%
15%
34%
r+gj.
i
10
110,vf
*13%
13%
40%
48
•46
7%
7
113
*108%
#
*110% 112
40%
47%
47**
12%
103%
•22 Va
*28
200
900
2,700
200
29
prior pfd ser A
Coper & Brass
preferred
5Vt%
Reynolds
5%%
Co
preferred
Metals
conv
Reynolds Spring
Reynolds (R J) Tob
Preferred
Ritter
Roan
24
24
52
52
*51
52
800
Ruberoid
22%
300
51
51%
24
22%
23 V*
*22%
23%
22%
9%
6,600
1,600
Tuesday
♦id*. 8$
Apr. I
Apr. 3
9 per there
51
t%
A
4#%
«.s
7%
7%
73%
27 Va
26%
22%
263/4
23
3,800
112%
112%
70
23%
23%
•112%
112%
9%
9%
9%
9%
900
35%
37%
36%
37%
35%
363/s
32,600
42%
42%
42%
•99%
9934
100% 100%
99%
36%
16%
14%
sms
AlS
16
61%
26%
30%
51
36%
•7%
•%
n
s*%
2K*%
13%
26%
:»%
$i%
14'4
U%
$4
14
11%
'
**►'
13%
*m% 199
»»
1'
1,100
6,000
7%
26%
9%
•US
4
51%
7%
27%
9%
I-S
1#
51%
7%
sm
31
If
#'
t*v
33
33%
•100%
16
16%
*93%
42%
1,900
41%
42%
800
100
'99%
993/4
100
100%
100%
100%
390
16%
1,200
16%
16
95%
•93
95%
20
20%
20
20%
19%
19%
3,800
50%
52
50
51
50
51
2,200
26%
27%
27%
28
27%
273/4
•7%
8%
*7%
'7%
8%
'93%
8%
95%
36
36%
35%
36%
35%
363/a
13%
13%
13%
13%
13%
13%
14%
13 %
109
13%
14%
13%
13%
109
23
23%
32 Vi
*108%
32%
22%
13%
13%
109
13%
1
'13%
109
22%
22%
4,800
HOLIDAY
GOOD
FRIDAY
10,800
1,200
im
«5t%
!1\
22%
33
1,500
24%
•24%
300
*78
81
80%
80%
18%
•18%
19
19
19
*80
18%
Arms
Scott
•18%
Elec
Scranton
*
Vs
m
*%
7%
8%
1%
*5%
5%
■
•
4%
m
34
*
900
5%
38%
44
*♦$%
37%
•45 %
11%
73%
70%
•71
■17%
17%
13
33
ii
*«
♦1
**h
* *0
14%
*-»«%
u *
im
%$
14 "
*mh;
34
99%
15%
37%
Seaboard
Sears
Oil
27%
7%
7%
7%
5%
5%
37%
5>/4
37%
15%
15%
72
71
71
71%
*16%
17%
17%
17%
•22
22%
22
22
•49
50%
48%
49
48%
*34%
35
98%
35
98
99%
*30%
nh
H%
14%
14%
14%
14%
4%
4%
1%
4%
4%
7%
4%
•!
«
4
"$■
#
m
m
*4
7V4
84
53
18%
7%
53
18%
18%
im
47%
47%
47%
*53
18%
500
1,200
16%
17%
1,900
22 y4
460
♦
,41
4
.4*
♦
t-;/
I#"*
v-P
:
•;
Smith
(A)
47 y4
47%
14%
14%
39,600
4%
4%
4%
4,200
7%
18%
47%
7%
*53
18%
«7y4
1,300
54 y2
300
18%
1,300
1,200
47%
47%
166
163%
163 y2
33%
33%
34
33%
34
30
26
26%
26
26%
26
40%
40%
40 %
40%
41%
4^%
41%
40%
40%
41
41%
'♦10
■
««%
'
•162
68%
166
*162
68%
68%
81
*78
83
U%
*18%
18%
*76
68%
83
;
290
3%%
I.
16
114% Mar
110%
Smith
&
16% Jan 13
43 y2 Jan
100
A
23
No par
South
8%
A
&
18%
13%
Rico Sugar
Edison
Southern
Pacific
Co
Southern
Railway
Ohio
(A Gi
Co
39%
stk
Apr
17% Feb
49%
11
16% Feb
Dec
113% May
Jan
3
7
25
Jan
2
17%
Oct
36
Feb 18
33% Jan
6
23%
Oct
23
Jan
39% May
Jan
91 y»
16
18% Mar 31
16
105
32% Apr
40% Feb,
Feb
19
77
21% Feb
18
17% Sep
May
26% Apr
27%
43% Jun
82
22
Feb 10
18
Feb
26
Mar 17
30% Jan
6
7y4 Mar 14
;
9% Feb
6% Feb
17
5
8
5V4 Mar 21
34
Jan 16
41
Jan
30
51
Feb 21
46
Jan
7
Feb
8
Dec
5%
Oct
17% July
14% Feb
33
Nov
56% Jun
38%
Jan
61
15% Mar 12
16% Jan
8
15
Mar 15
72% Jan
7
54
Jan
16
Jan
7.50
50
5
tr
ctfs
13
14
Sep
27%
29
21
Sep
24 y4 Apr
58
Feb
7
42
Oct
91
39
Jan 23
48
14
Jan
34ysMar28
98
^
30
Apr
2
Mar 26
413% Marl*
.4% Jan
3
7% Mar 28
51% Jan
18% Apr
24
.
3
65% May
35% Nov
99
Dec
108
July
6
29%
Sep
48
May
15 y4 Jan
7
13%
5y4 Feb
8
4%
Sep
8% Jan
Dec
35 y2 Jan
18%
Oct
•
Jun
8% May
9
Nov
9
7%
Feb
21
52%
Dec
53
22% Jan
7
20%
Dec
22% Dec
Sep
59% Feb
54
Jan
18
15
170 y2 Jan
9
34% Jan
Feb
Feb
Jan
7
101 y4 Jan
Jan 30
47% Mar 27
32
56
48%
193
Nov
May
167
Dec
30
Sep
22%
Jan
39% July
33% May
24% Jan
8
28 Va F^b
39% Jan
16
47 y4 Feb
38 y4
Oct
70
Jun
50% Jan
33
Sep
65
Jun
64%
Oct
Oct
90% Jun
/ 40
Mar 25
Feb
100
67% Mar 24
77
100
77
77% Jan
1
Jun
20% Feb
23% Jan
160
7.50
85 y2
2
21% Mar 20
25
No par
& Bros Inc
May
20% Jan
Oct
65
No par
preferred
non-cum
&
Oct
6% Nov
110
100
California
4,600
Mobile
23
6
12
79% Jan
No par
preferred
Soaldiner
2
20
Iron
Greyhound Lines
11,400
300
Apr
10% Feb
16% Feb
16
Mar 26
Mar
par
1
-5
preferred
40%
•
77% Feb
28
Apr
23% May
22% July
24% Jan
par
1
41%
18%
Sep
13% Nov
12% Oct
par
.15
40%
83
37% Jan
42
10»/4 Nov
Mar 11
Co Inc
40%
18
Sep
15
8
Jan
Platinum
Gas
*79
17%
Feb
16 y8 Feb
2
24
Carpet Co—20
Southern Natural
5%
13
55
2
29
Corp
26'%
700
24% Feb
15
Steel
Southern
68'/2
3
Co
2,800
1,100
63%
20
98% Mar
Jan
par
No par
Oil
Aug
July
20% Mar 11
No par
&
61
39
13
Steel -——No par
Gold
.
35% Nov
107
1
ser
13
13% Jan
1
preferred
100
Corona Typewriter_No par
Porto
V, Jan
11% Jan
JNo.par
South Carolina E & G Co
5%
>Mar
18
100
34% Mar 11
5
1
No
-No
No
No
8
Mar
.7% Jan
No par
Co_
16
18 V8 Jan
Nov
116
102 % Nov
No par
10
Southeastern
34% May
Nov
Sep
9% Nov
95% Dec
3
15% Mar 14
95% Mar 13
cum
Am
22'*'
11% Feb
100% Apr
Gas
Socony Vacuum
South
33 ■> Dec
"
96% Jan
35 Va Apr
No par
Pen
&
1
*14%
21 ys Jan
5
100
Corp
O)
May
12% Dec
/
Dec
110% Jun
it Son®
(A
Smith
100
33%
4«%
11%. Dec
30%
Oct
preferred
300
43%
*
$1.20
64
Sep
12 y« Jaff
32% Jan
24'/2 Mar
Dec
Co
A)
Sloss-Sheffleld
700
14%
45'
2
55% Jan
16
Jan
9
9% Mar 18
Highest /
t per share
42
Skelly Oil Co
99
200
Year 1946
t per share
share
100
Simmons Co
34%
30%
$ per
49% Jan
100% Jan
of America
Silver King Coalition Mines
*98
31%
160
&
pref
Oil
Jan
41% Mar 14
Corp
49
34%
ti'e
V-v
400
15
112
UnFo'iTbirill———II——15
Sinclair
May
34%
Lowest
7V2 Mar 26
5
&
Simonds Saw
13,300
*30%
54%
Sep
21% Oct
98% Jan 25
(Frank G)
Sheraton
65
40%
6
26%-Feb 21
Apr
Feb
Jun
a
No par
cum pfd_100
Corp
Dohme
(W
13%
30%
53
common
conv
44
v
Oct
55% Jan
Del
of
Co
Oil
&
Feb
Jun
3
Steel
Sharpe
Oct
24% Jan
1.75
Corp
series
Shamrock
*34%
31
Jan
6%
17
Highest
48% Jan
5
100
5
(The)
Sharon
Shell
*21%
31%:
*1^4
1*4 ■
60
'
35
•98%
30%
.$4
Mar 26
9 per share
^
72
30%
*1%:'
10 y4 Mar 31
24% Mar 31
22% Mar 20
100
preferred
3,400
37 y2
15%
30%
»u.
3
50
vtc—No par
3.65%
Rubber
Inc
3,000'
47 y2
15%
30%
■.■.:4-»w;
*45
15%
u
I®'*.
47%
3,
14
20% Mar 12
Range Since January 1
Seeger Refrigerator Co
$4.50
108%
Oct
Feb
Jan
7% Jan
18%
27%
*45
Nov
No par
Co
Roebuck
$3.50
*18%
37%
48
Feb
25
20
Range fer Previous
-
preferred
Shattuck
"
hi h
104
Feb
31
Jan
Lowest
Seaboard Air Line vtc
400
103',
27
Feb
26
1
pfd
cum
200
27%
•1«v%
43
20% May
Co
Scovlll Mfg Co.
18%
5%
27%
3
38
Corp
Paper
85
7%
18%
27%
Feb
Dec
f.
$3.40 cum pfd
Sheaffer
18%
50
Jan
46% Jun
50% July
-
Oct
—10
Distillers
Schenley
Servel
32%
37%
Sep
12%
STOCK
Safeway Stores
5% preferred
Seiberllng
80
33
57%
36%
28%
12% Nov
4
•
2,600
25%
*!«%
7
19
St Joseph Lead
2,400
*24%
14
16% Feb
44 Va Feb
100
8
St L-San F Ry Co com
Pfd series A 5%
Savage
136
Sep
3
Par
13%
25
14%
24% Sep.
105%
6
EXCHANGE
13y2
109
•t
*4* V
2
28*
10
Seagrave Corp
*24%
32%
Jan
25% Feb
101
No par
(The)
NEW YORK
3.35%
33
*70,
41
16%
'23%
113
Jan
Apr
31% May
16% Feb
Sharet
•112%
ii'«
•VIV
51%
Apr. 4
♦ per share
2«%
23
39
124
97
3
20% Mar 15
-
Balmfe*
9%
1%
*99*4
'
51%
51%
18
Feb
13% Jan 16
100
Copper Mines
Typewriter
Co
Mar 28.
109
Apr
1
series
Antelope
Royal
the Week
I per there
♦ per there
Friday
Apr. 3
40%
41%
42%
*♦♦%
21%
tSO% 106%
y fs
Hi, '
42%
•31%
Thursday
37%
21
33%
112% 111
13%
x47y» Jan 22
113
109% Mar 31
STOCKS
Wednesday
iper there
12% Jan 16
39% Mar 14
10
Ruppert, Jacob
41%
9%
J28% Mar 2fc
Man 18
xl09
1
Company
lO'/s
X
Jan
10
class B
Corp
24
X24
3
20y4 Mar 14
104,
7
No par
No par
3.60%
Oil
10
10
34%
ftt
100
Mfg Co
Richfield
110% Jan
_No par
-
24
10%
24%
11%,
100
No par
100
Common
Rheem
7% Mar 11
1
Corp
conv
Revere
10%
14
2th
*33%
■
6%
Aviation
Pictures
24
1*..
m
*
31
'
Apr
112% Feb
16% Oct
Nov
50c
*110% 112%
*#%
'♦
Sep
12% Dec
$1 conv preferred
i*
**
15
99
500
*
«r'
1
4
11
3,700
*27 S.
■
Jan
4,800
Mm: if
•a
16 y4 Feb
Feb
46%
25
Co—No par
series
100
with
1878 Feb
108% Mar
12% Jan 13
Sep
100
Corp
Conv pfd 3ya%
Remington-Rand
8
7%
t»«r«ftd*9
*1MI
2
8
33%
53%. Jun
36% Oct
10
Jan
No par
1st pfd
Co
Stores
LOW AND HIGH ftAtK PRICES
-
Apr
Jan
16% Sep
40.
38
7%
Vwdty
»H|V ■.
14
105
Reliance Manufacturing
15%
Feb
May
Apr
44 % Jan. 18
3
5
50c
;
*25
16%
Mar
100
Inc
*101
30
41%
■
34 V2 Mar 12
49 ya
12%
n
**%■
41
50
Dec
13%
tm
.
•
50
preferred
preferred
25
»*%
11
39 z
32
VU
J ft.
*
32% Nov
l1"/,
11%
40%.
|()
*
14
19% Jan 13
38% Feb
21% Feb
7 Va
1*
•it
14
33
3
13%
44
•IdS.
17% Sep
35% Jan
7%
.#*»%
99\
»?*■
2
41
7%
31%.
*11%
8f*%'
•?%■
34 %
10
25 V* Jan
3
31%
31%
$<*»%■ 109%
in
*1#
Feb
13
13%
'«■&#
m
3
Jan
21
31%
34%
111
111
»♦♦•
it.»
*V*
34% Jan
Hosiery
Bros
Apr
112% Feb
7%
11
It**.
tu
100% Dec
Jan
96% Mar
28 V9
7%
13%
14
t»'«
♦IS
105 y2 Mar 12
19
76% Dec
15% Oct
102% Apr
Preferred
13 V*
2
?%
m
■
«♦*
1st
non-cum
106
35
104
29%
600
107 y2
non-cum
4%
25
*15%
15%
•101
13
Nov
4
15% Jan
13
50
4%
14%
*104%
9
7
80% Feb
12% Jan
100
Reading Company
200
10% Feb
75% Jan 16
,
No par
1
•101
25
81
80
*13
14%
107%
103
103
*24%
2,100
45
37%
13%
1
25
20%
*36
•104%
,
Manhattan
36%
*42 Va
107%
> 8% Jan 13
No par
Rayonier Inc
$2 preferred
36
36
No par
1st preferred
conv
Radlo-Keith-Orpheum
Ralston Purina Co 3%% pfd
2,200
1,100
45
*42 Va
45
35%
15
*104%
20%
20
20
20
$3.50
of Amer
7%
11
m
1%
v-*
*i #1.
*5%
*101
4m
•11'*
lit
13%
•St
-$**%
*«*•
*161% 1'*
•III
23
20%
'
Radio Corp
Raybestos
23%
36%
37>/a
10
35%
22%
23
'13
30
*35
35%
•35
35%
22
•29
J*1*
200
8,200
13%
•103% 104%
*103% 104%
■
8%
76%
76%
13%
•l«W
8%
76%
13%
•75%
14%
M
8%
76%
8%
•76
76%
74%
14
♦11
9
74%
14%
•7*
31".
8%
Jan
22
17% Mar 11
20% Feb;
21
4
73
16% Nov
96
Feb
30%
Apr
27
yttmh
THE COMMERCIAL &
(1882)'
26
FINANCIAL CHRONICLE
STOCKS
LOW AND HIGH SALE PRICES
Saturday
Mar. 29
Mar. SI
Friday
Apr. 4
the Week
i
9 per share
6%
6%
6%
f per
11%
*11%
6%
97
*89%
*89%
54
53%
53%
52%
53
20%
20%
20%
20%
13%
13%
13%
97
•
13%
13%
21%
13%
81%
82
81%
82
17%
17%
16%
17
;
16%
17%
16%
39
38
38%
38%
38%
*38%
39%
*38%
111%
*110%
*110%
111%
34%
105%
107%
101;74
116
116
116%
116%
55%
40%
40%
40%
40%
67%
66%
67%
26%
26%
26%
26%
104
*103%
104%
*103
15%
15%
15
*103
15%
15%
*45
46
*42%
42%
42%
17%
17%
44%
46
*102%
18%
19%'
19%
20
21%
21%
21%
15%
15%
V
15%
15%
>
18
22%
22%
*74%
7474
74
19%
6,100
21
15%
13%
15%
2,100
21%
21%
21%
11,200
1774
18%
*120%
12C %
122
*120%
122
11474 Feb
18
70
Oct
135%
13
125
Feb
19
78
Oct
149%
5074 Mar 11
58
Feb
10
42%
Feb
75
1,300
30
Class
A
97/8
9%
974
9%
974
9,700
Sunray
40%
40%
41
40%
41%
40%
4074
1,700
Sunshine
11%
11%
11%
12
11%
11%
11%
1174
*21%
*20 '
120
*115
*19%
20
20
20
42%
20%
44
42
42
44
4.4
*16
35%
25%
200
43
800
*17%
18%
300
17%
17%
19
35%
34%
34%
34%
347b
34
34%
5,300
25%
25%
25%
25%
2574
2574
2574
25%'
6,400
Swift
26
1,800
■"■r
26%
26%
103%
26
26%
2574
103%
104
2
Jan
13
15% Jan
13
Feb
16%
Oct
41%
Jan
Oct
19% Feb
13%
Oct
1
24% Jan
20%
Dec
13
2174 Jan
21
Jan
23
Feb
1474
Oct
23%
Apr
18 %
Oct
38% July
13
25% Feb
1574 Feb
3
1974 Jan
12%
Feb
16
13
117
15
103%
26
26%
103%
200
8%
8%
*374
8%
2,400
56% Aug
Oct
24
2374 Feb
17
1774
24% Feb
47
12%
12%
*12%
1274
12%
12%
1,100
Talcott
*12%
1274
12%
6%
12%
*574
6%
*5%
6%
574
5%
*574
15%
15%
1574
15%
59%
15%
*1574
1574
15%
15%
5974
59%
27
27% Jan
28% Feb
1174 Jan
13
2
1074 Feb
Aug
Sep '1-
41%
Feb '
Nov
36%
Jan
41
Feb
-
25 74
19% Nov
101
104% Mar 11
16
Apr
21
81
13
% Jan
774 Jan
Dec
23
55%
Jan
38
,
2
16
May
13% Sep
5
2274 Jan
160
19% Nov
7
Mar
Apr
35% May
Oct
Oct
102
Mar 28
116
19% Mar 11
102
May
Sep
1074
4074 Mar 15
No par
No par
1
14
Oct
42%
6
2274 Jan
$4 preferred
Symington Gould Corp
104
104
8%
124% Aug
2
45% Jan
4.1674
Sylvania Elec Prod's Inc
103%
8%
104
8%
May
Jun
78%
1374 Mar
39% Mar 24
*
8%
9
m
24% May
110
Apr
774
May
3974 May
Sep
10% Mar 13
11
63
Sep
61%
2674 Aug
109% Aug
26% May
Nov
10374
122
21
101% Jan
3
Mar 26
108
10
7% Jan
11
75% Mar 24
18
11% Jan
Feb
17
16
Feb
International Ltd—_
Jun
102'A
'
*
Jun
53%
37 V Sep
Jan
70% Jan
118
Jan
No par
25
50
—10
Feb
56
Jan
13% Mar 20
107
Jan*
Nov
49
14% Mar 18
1874 Jan
July
25
18
Mar 14
18% Apr
30
108%
Dec
Oct
37%
43% Mar
Mar 14
20
49 74 May
7874 May
104% Mar
41
102
16% Jan
Feb
11
Feb
49
Apr
Apr
59% Aug
Nov
;
100%
Swift & Co
•:
26%
26 %
19%
*41
18%
21
42
Co
Mining
34%
25%
*103
*19%
42
*1774
*20
11
Jan
6074 May
2074 Mar
29
17% Feb
1
Superheater Co (The)
Superior Oil of Calif-Superior Steel Corp
Sutherland Paper Co
Sweets Co of Amer (The)
200
105Jan
12.50
10c
Inc
6174
2.8
6
39.
100
cum)
37
Jan
13
1
20
Corp
Biscuits
*16%
17%
35
1,100
115
Oil
Sunshine
2,200
2074
20%
114
120
-114%
116
*114
1174
1174
21%
2074
21%
X21%
21%
21%
21%
120
*114
9%
(474%
pfd
7
9
7074 Jan
29
3
44
No par
Studebaker Corp (The)
1
Sun Chemical Corp
1
$4.50 series A preferred—No par
Sun Oil Co
No par
121
Feb
42
Mar 17
1274 Jan
5
Corp
7
101% Jan
Webster
&
40%
\
63
2374 Jan
—5
x00
preferred
40%
*40%
.•••
36% Jan
13
Jan
97a
|
Oct
16
Jan
121%
9%
2074
2874 Jan
9%
122%
9%
2
Apr
55
May
99% Dec
y
98
121%
*120%
Mar
24%
106
Stone
1,000
14
May
116
Dec
Stokley-Van Camp Inc
5% prior, preferred
500
10974
*74
74
74
74%
7474
*108
109%
*108
109%
55
Oct
prior
Stewart-Warner
'
13%
14%
14%
14
14
*108
74
21%
217-4
21%
14%
*108
19%
21
15%
'15%
15%
109%
14%
14%
109%
19%
21
18 Ve
"
22%
21%
14%
.*107%
17%
1,566
19%
211/8
Feb
prior
3%%
104%
*103
21
19%
*21
300
42%
*41%
104%
*103
18
18%
18%
18%
18
19%
♦21
44%
104%
*103%
104%
*102%
104%
42
*17
100
"
33%
107%
5
Nov
Sterling Drug Inc common
42
17%
1,700
46
*44
45%
45
45
15
14%
2
11
1874 Feb
3474
1,300
45%
1U0
10474
*103
15%
15%
45% Jan
16
98%
3,000
104%
15
Apr
SepSep
6
17%
104%
10,500
FRIDAY
109%
84%
13
44 %
7,300
GOOD
Jan
Apr
37% Jan
39% Mar
Dec
40%
39%
$6
11,800
26%
v
Dec
101% Jan
17
67%
26%
56
Sep
3374 Mar 14
44
40%
66%
2674
July
14% Nov
98% Mar 25
17'A
40%
67%
May
104
112% Feb
1474 Mar 14
37% Mar 20
10974 Jan
.
18%
No par
45
41
26%
;
37
Jan
v! 27
Sep
$7
6,200
67%
41%
*17
17%
44%
HOLIDAY
40%
46
41%
42%
17;
44%
<
54%
'
15
*45
45%
*45
■
'/
4
preferred-—
No par
preierred—1
No par
Standard Oil ol Calif——No par
Standard Oil of Indiana
—25
Standard Oil of New Jersey
.-25
Standard Oil of Ohio—
10
374% preferied sei.es A——100
Standard Steel Spring ———-1
4% conv preferred
50
Starrett Co (The) L S
.—No par
Sterchi Bros Stores Inc
1
26%
'
90,% Feb
Standard G & E Co $4 pref—No par
67%
66%
27
,7
v.
13%
11% Nov
92
.
25
17% Feb
600
40%
40%
66%
23% Feb
500
5474
54%
3
9,100
55 y«...
53%
14
30%
115%
1047a
54%
Jan
1974 Jan
9 per share
Oct
No par
Inc..,-
preferred
cum
7
5%
93% Jan* 13
5574 Jan ;/,•/,
13% Apr
3
80% Mar 27
116
*106
5434
■
55%
55%
$3.50
8
1474 Jan
13.
Highest
9 per share
774 Feb
Mar 27
Z 47
preferred
Brands.
Standard
3,800
13
share
2
———
$4.50
f per
Lowest
1
(The)
108%
29%
303A
29%
10574
117
116%
120
*117%
111
100 %
30
307i
2,800
160
34%
11
9374 Jan
No par
Square D Co
-5
Squibb (ER) & Sons common—1
$4 preferred
No par
Conv
400
110%
30%
107
108%
Sperry Corp
Spiegel Inc
6,900
17%
*99%
107%
30%
31
30%
108%
3.500
40
111
34%
*99
'
140
34%
100%
111
34%
100%
*99
100%
*99
111
33%
33%
33%
33%
100%
1,100
•
52%
20%
17%
33%
.
97
52
13%
82
82
•81%
81%
*89%
52%
21%
81%
110 %
5% Jan
Year 1946
Highest
$ per share
\
No par
1
—No par
No par
Sparks Withington
Spear A Co——
$5.50
preferred
Spencer Kellogg & Sons
800
52%
17
*99
Lowest
Par
2,500
21%
21%
13% '13%
81%
*
9 per share
6%
11;
97
*83%
97
•53
*38
Range for Previous
Range Since January 1
STOCK
YORK
EXCHANGE
.
Shares
11%
6%
6%
11%
•11%
:"
*89%
13%
f per share
share
6%
11%
6%
*11%
20%
NEW
Sales for
Apr. S
'
iiv«r n%
674
Thursday
Apr. 2
•>/':< Apr. 1
9-per share
t per share
Wednesday
Tuesday
Monday
Monday, April 7, 1947
Nov
109% Aug
16% Jan
774 Nov
7
T
*5%
;;
'/■r/ 15%
,
60%
5974
60%
13%
13 7 a
13%
1374
13%
13%'
51
50%
5074
50%
50%
29%
29%
29%
29%
18%
18%
18
18%
*50
187«
30%
;
'
v
i
51%
19%
.£ ■■*•>■18%
57
•15%
57
.
58
16%
127a
13
*55%
Hi 12%;
*20
1874
58'
16%
,*15%
12%
13%
...
56%
*55%
12%
9%
9%
-
*50%
,
*20
*15%
15%
50
104%
51%
'
5%
34
34
19%
19%
i
m
Jun
5974
5,400
Texas Co
(The)
25
52
Feb
68% Aug
l
1374
1374
3,100
Texas Gulf
50
5074
1,900
Texas
2974
28%
29
3,100
Texas Pacific
5,000
Texas
Pacific tand Trust
%:
300
Texas
&
%.
1,100
%"
590
1374
58
18%
18
18%
18
51%
51%
1874 "19 V
5074
13%
"5874
16%
57%
57
15
15,..
100
1274
12%
12%
1,700
55%
1074
10'%
55%
10%
17,500
1974
20%
20
2074
1,800
•
15%
15
*1474
49%
*48%
19%
20%
300
33
Thomas
Co
19%
19%
Steel
Thompson
Thompson
(J
14,300
Tide
300
$3.75
18%
18%
18%
2,100
Timken
Detroit
47%
48%
2,200
Timken
A;/13%
13%
13
13%
13
13
19%
19%
1974
20%
19%
20%
■m?
074
*108%
*16%
,
674
109
18
108%
18%
108%
*1874
34%
33%
4274
*103
4274
/ 109
13%
*12%
47%
47%
*46%
*14%
21% Feb
18
13%
Sep
59% Feb
13
'>
47
Sep
61% July
Mar 11
1774 Feb
13
15
Sep
30% May
13% Feb
13
10
Sep
60% Feb
15
48
Oct
70
Feb
9% Mar 31
14% Feb
5
Oct
20%
Jun
2174 Feb
21
Dec
18%
Nov
1674 Jan
25
15
No par
47
—100
com
103
4
1674 Feb
Mar 15
1
7% Feb
10
1874 Jan
13
2074 Jan
6
102% Jan
2
108% Feb
24
15
6%
6%
6%
108 %
108
109
*108
6%
6%
108%
Transue
6%
4,300
108%
180
Williams
&
2
5
$6
preferred
18%
18%
18%
1874
18%
19
1,500
Truax-Traer
33
33%
3374
3374
33
33%
8,200
20th
42%
42
42
*41
42%
200
*103
109
*103%
13%
47
..-•7
*41%
*103
109
,*1?%
13
*12%
13
*4674
47
*46%
47
*46%
*14%
15
109
12%
14 %
14%
14%
14%
N
200
Twin
Coach
68
Jan
24%
Apr
17% Nov
Nov
4
16%
Oct
26%
Jun
13
38%
Oct
66'A
Jan
15% Jan
3
22% Jan
13%
Oct
21% May
6
1874
Dec
71
19% Feb
3
14
Dec
33%
774 Feb
15
6% Mar 15
108
Mar 26
1
7
Oct
12%
574
105
112% Feb
20
No par
17% Jan
13
21% Feb
20
16
13
3874 Jan
6
37%
:
Oct
39
Jan
16
48
Jan
6
46% Nov
Jan
2
12% Jan
1
Co
6374 May
79
May
Dec
Feb
11
1174
Oct
24
Apr
51% Feb
16
15
45
22% May
102%
18
4374
Dec
71%
Apr
5
11%
Nov
26%
Jan
16
1274 Jan
50
Feb
Jan
Mar
7
103% Mar
xl02%Feb 27
No par
No par
Jan
v
114
Sep
Sep
30% Jan
No par
Corp
Feb
112
99%
2174 Feb
51% Feb
15% Jan
No par
Film
Rapid Transit
conv prior pfd
5%
Jan
Oct
No par
—
Corp
Fox
Twin City
1,100
14%
—
preferred
prior pfd
$4.50
100
*43
Cen
$1.50
«—•
12%
No par
Tri-Continental Corp
13%
Mar 11
18
No par
St'l
Jun
Jun
Oct
32
69%
112%
4374 Jan
2
1274 Mar 14
1774 Jan 16
—5
Trahscont'l & West Air Inc
18
Oct
5%
1
5% Apr
33
21% May
Oct
Oct
38%
102
3
39% Feu
No par
3,100
14%
30
3
Axle
7,900
16
Mar 10
106
8
9%
11
59% Jan
Mar 25
Jap
Apr
Oil
13%
*16%
18
*1674
:
17%
Feb
17%
11% Mar 14
Bearing
tTransamerica
Corp
18%
109
1374
•
15
Jun
5374 Mar 18
preferred
34% •
42%'
*41
*103
*1674
674
6%
;
18%
•
58 74 Feb
Jun
1
21%
13
Sep
v^an
14% Jan 14
55
Mar 21
'
/ 34%
;
104
20%
18
41
No par
Roller
,!
May
5
Associated
Water
47%
18
65
No par
18%
? *16
Sep
—-No par
47%
-
18
35
$3.50 cum preferred
18%
13
26% May
____
47%
20%
Oct
R)
18%
13
14%
27
50
Products
47
20%
21
preferred
Thompson-Starrett Co
18%
;
20% Feb
»
13
Corp -No par
(The)
1
4%
48%
104
16
4.3
preferred
Co
18%
104%
1574.'/an
1
Transit
48
104
32%
common
conv
1874
104
60%
Oct
100
48
104
Sep
21
No par
18%
105
46%
30% Mar 27
Co
47%
*10374
53% Feb
13
Mfg Co
pfd
-1—
div
July
4974 Mar 19
Glass
Avenue
18
9% Mar
14% Mar 28
10% Jan
2174 Jan
1,800
33
20%
19%
150
$2%
6 0 74 Mar 28
19% May
1
conv
Thermoid
14
No par
10
Oil
&
Pacific Ry
Fair
Third
Coal
200
34
*33
600
48%
105%
5%
5%
47%
*104
574
5%
5%
34%
$2.40
The
Producing
Sulphur
Gulf
Thatcher
40
15
*1474
49%
104
104
104
5%
105
25%
56
*33%
*103%
Sep
10%
,10%
15
20
Jan
1474
12%
574
19%
13
7
56
34%
5%
*33
Dec
17% Feb
9
29%
:20
104
6%
15
Mar 14
5574 Mar 14
i27'4
49
104%
20%
9
5
56 " f.
,
20
20%
Jan
774 Jan
Corp
50%
*15
m
12%
*55 %
<
56%
13
49
1174
574 Mar 14
Tennessee
(James)
13%
18
.
17
5
1,000
Inc
5074
.
*50%tJ2
X,
18%
15%
*15
*104%
5%
'
58
•
51%
106
,
••'
5174
*50%
*18%
.
:
59%
5974 T
60%
*50
2974
Feb
Telautograph Corp
200
6
'
1574 Mar
Jan
106%
U
Saturday
1
Monday
■Mar, 29
9 per
♦52
LOW AND HIGH SALE PRICES
Wednesday
Tuesday
Mar. 31
I per share
share
53
Apr.l
9 per qhare
51%
52
11 Apr. 2
52
52
52
Thursday
"52
Friday
Sales for
Apr. 3
,9 per share
Apr. 4
the Week
Iperthare
*5174
-
9 per share
HOLIDAY
6,600
12%
13%
*12%
13%
*1274
13'%
13
32
3274
3174
32%
x32%
32%
32
3274
99%
*114
115
115
115
*102
108
*102
108
98%
9974
11374 114
*99%
21%
100
*102
99%
2174
*124%
125
123%
124%
*110%
111
110%
110%
35%
35%
17%
17%
10774
10774
2574
26%
v
118
124%
*35%
18%
18%
*106 74
107%
27%
36%
119%
118
120%
12074
•
2174
124
110
*3574
19.%
107%
107
36
19%
107
;27%
123
*35%
Underwood Corp
119
360
Preferred
Union
1,500
Union Pacific
200
v
100
20%.
4%
119
44%
44%
4474
44%
75
76%
*29%
32
*29%
76%
32
*29%
V;, 6%
674
*73.74
74%
7474
374
3%
3%
*52%
,
*8%
6%
.
53
52%
9%
*8%
45
7574
6%
7374
;3%
5274
9%
*8%
311/4
674
7374
3%
United
1,300
Air
474%
53
*8%
4,100
United
7674
76%
300
32%
674 yV 674
100
74%
? 7374:
374
374
53
J:
88
•86
88
88
88
90
*13%
1374
13%
13%
13%
13%
13%
37 V
36%
3674
3674.
3674
36%
36%
36
50%
49
4974
49%
49%
4974
100
4874
23%
1574
*17
50%
V;
49%
23%
M
23%
15%
110%
23%
*16
16%
9%
974
19%
1974
17
102
102
196%
196%
*28%
28%
*88%
91
•
52
17
*10474 106%
*16
*99%
*194
28
*88'/a
51%
V
16%
10174
198
2374
2374
15%
1574
110%
9%
19%
19%
♦104% 106
52
15%
*108
17%
974
■i
2,100
36:
*108
u
27,400
:
13%
49%
1574
15
110%
♦109
*108
V
'
*16%
17%
*16%
9%
974
•v: '974
18%
104
1974
19%
*102
IO474
17
16%
101
102
*101%
*194
198
*16%
28
27
91
*88%
5274
23%
51%
*194
5274
110%
14%
*109
17
9%
19%
106
>V
•
14%
16% -16%
974
974
-
1874
*102
19%
102
101%
10174
198
194% 194%
26i/a
25%
88%
*86%
52%.
53 "**
52
:
.
1,200
6,800
.
3,100
10,800
.
'Vv'yr g55
'■■■
t-
106
'16%
88%
$3.50
200
: v
;
2,200
2,900
conv.
Oct
96
Dec
107%
Jun
20%
NOV
106
14
102
Apr
2
7
99% Feb
2274 Jan
2074 Mar 15
121
17% Jan
Feb. 10
110
102%
26
10
2074 Apr
13
15
Feb
3874 Feb
3
109
28% Apr
120% Apr
'71% Mar 20
77% Feb
10
2674 Jan
32
Feb
8
8% Feb
Jan
8
10
4% Jan
31
Apr
Jan
May
168%
120% Mar
Feb
42%
Jan
37%
Jan
119
Dec
19% NOV
2
Apr
May
Oct,
Sep
Jan
54%
•
1
Jan
Jan
—
29
16% NOV
2
107% Mar 10
'•
101
Mar 27
16
21
—100
32
39
Oct
137
3
Mar 20
103% Jan
<
111'
Mar 12
Jan
5
Co
No par
No par
Stores
6
1
-~&-
....
8% Jan
Jan
.
preferred
a-—
United Paperboard
United Rexall Drug
U
S
&
$4.50
Foreign Secur
preferred
U
S
51
No par
Feb 19
Jan 16
2
86% Jan
loo
Jan
16
188
_J_5
>25% Apr
3
„100
8874 Apr
2
*41
>'»)§'
Jan
:
W rrgf'-M
•«.*■
Sep.
Jan
8%
Dec
71%
;•/
Mar
105% Aug
12% Nov.
>
i
-
21%
Feb
34% Den/
56
Jan
41%
■
Oct
1874
Oct
53% Aug
;.
17
30%
Apr
12%
Oct
22
Aug
104%
6
19% Feb
Oct
110
Jan
>>:
10974 Mar 26
>
19% Feb
21
9%
Sep
15% July
11% Feb
8
9%
Oct
18% May
13
Jan
28
101
3
13
106
33% Jan"
94
*. Feb
53% Feb
13
>
6
15
13
32 y2 May
15% Oct
Now
'
>
26
Feb
90 "« Sep
37%
109% July
Nov
Nov
29%
.
/
132
X205
47%
Feb
May
Sep
Apr
98% Aug
62
May
<ov
y
"V- 7
7%
5674 July
16% Aug
11 :;>v; 93 if Sep
196% Mar 29 /; 187% Deo
Corp
No par
89
Oct
44
107% Feb
Jan 23
preferred
Industrial Chemicals
——
17% Ap?
•
Oct
18% Feb
16
103 % Mar 24
15
Oct
21% Feb
9% Mar 17;
16% Jan
.
-
Oct
Dec
3%
.
24% Jan<
22% Ma? 17
12
Jan
2
2
6%
78
„
Feb 13
43% Jan
4474 Jan 14
>
v
20
—
474%
U
•
No par
preferred
S Hoffman Mach
10
13
107
2.50
No par
Jan
23%
.
V
>95
35% Mar 21
1374 Jan. 16
,_100
__io
Inc
U S Freight Co
U S Gypsum Co
7%
1
n
10% Feb 10
Jan
2
16
57% May
91% Apr
40 / May
62
■
13
33% Feb
-i Sep.
t
53% Mar 27
86% Mar 19
—100
com
83
3% Mar 15
4974 Jan: 2
Co__1374
United Merch & Mfrs Inc
5%
15
Mar 25
73% Mar 14
1
:
.
.
46
Mar 14
100
Corp
——
37
No par
3Gc
preferred
For footnotes see page 27
111
111
13
Feb
100
CigarrWhelan
Preferred
50
V
115%
Feb
Mar 31
Feb
United Electric Coal Cos
5 '
United Engineering &
Fdy__—_5
United Fruit Co——
-No parUnited Gas Improvement
30
1,100
88%
Biscuit
United Dyewood
100
:
26
52
9,800
2,900
Jun
115
105'
—10
preferred
cum
125
13-
35
Inc.—
Sep.,
29
No par
Lines
88
xl 12 74 Jan
105
2-
23%
Jan
15
100
United Corp .common
$3 preference i———1
1101%
*16%
16%
United
30
700
24
23%
1574
26
27%
90.
23%
.
Co
80% May
Nov
89 % Jan
preferred——100
Carbon Co_:
United-Carr Fast Corpv
70
90
1374
*36%
h
6,000
53;
8%
*5274
8%
*86 •<'
P'
•
73%
3%
*13%
*86
RR
United
*3074
61/2
674
9,
4574
7674
3%
California
Sep
12
23
7
34% Feb
i-* :'v-
*44%
3174
-
*73
53%
:
4574
*74%
75.74
32
674
7474
3%
5374
44%
.
non-cum
49
17
10074 Mar
5
1574 Jan
16
105
Highest
9 per share
share
25
58% Feb
1274 Mar 14
No par
25
United Aircraft Corp
5% conv preferred
1,000
25,200
-
of
9 per
share
25% Jan
No par
series
Union Tank Car
32,000
28
Oil
series
$3.50
3,900
-
:
44
*74%
$3.70
$ per
51% Mar 25
No par
..
Lowest
Highest
9 per share
—
Preferred
109
27%
119
60
3574
1974
*107
Lowest
Par
Union Asbestos Ruber Co
_5
Union Bag & Paper
No par
Union Carbide & Carb
No par
Un El Co of Mo pfd $4.50 ser No par
4,800
21%
123%,
*109% 110
28%
119
120%
21%
2074
106%
•
2774
FRIDAY
102
102
124
EXCHANGE
105
102
GOOD
114%
*100
*109%
36
26%
■viS'V
*114
2174
,
99%
"
:105
100
iio% 110%
35%
*35 %
-
99,
114%
*102
2174'
2174
123 %
10074
*114
108
100
100
21%
2174
99%
-99%
Range Since January 1
CTQCK
600
13
32%
99
vowk
900
13%
32%
9974
NEW
Shares
5274
*13%
99 74
Range for Previous
Year 1946,,.
STOCKS
,.i- ,.1'n
uv.vf.-y--1'.*(•:-.;.r.rnv.;H»-
v.
v'7 ^,7:
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4583
165
NEW
LOW AND HIG11
Saturday
Monday
Mar. 29
Mar. 31
$ per share
r
Tuesday
$ per share
k- Apr. 2
$ per share
STOCK
RECORD
STOCKS
Wednesday
/<;,(
Apr. 1
YORK
PRICES
SALE
:
Thursday
$ per share
Friday
$ per share
Sales for
Apr. 4
_/
Apr. 3
g
the Week
S per Share
NEW
Range for Frevious
YORK STOCK
V
4
I6%/;'-7
4* 714
7
32%
32 %
33
33
i8»/8
18%
18'/8
18%
*9% *10
i
43
I
66
10
43
:'V
43%
65%
•
65%
:
,
33%
18
18 y2
*9%
Lowest
Shares
33%
19%
10
*9%
i
35
19%
*9=3
42%
65%
65%
*31%
31%
<•102
30%
103
52%
*101'/4
52%
51%
31'A
31 y8
31%
101%
31%
103
52%
102'A
101%
101%
.-50%
51%
51 y4
51%
*65
.
42 •
I,'
161
159
159
*48%
48%
*77J/a
79
78
73%
74
72%
*147
148 %
48
148'/4
*158
159
48%
47 %
78
3C%
31%
*161%
50%
>
■
.
72%
149
78
148
158
48 %
48
*77 y8
.
V 73%
148
47
>
74 y8
147 %
78
-
.
Pipe
Playing Card Co.
3,200
U
s
U
100
1,200
:
9% Jan
38Va Jan
3
S
1,600
Rubber
8%
100
101% Apr
48% Jan
16
1st
non-cum
Preferred
U
117,400
i ' 500
s
50
steel
Corp
68 % Jaff
No pat
common
Preferred
100
144
21%
21
45%
45%
46
21%
*5%
5%
*10%
46
46
5%
uy4
21%
46
*10%
21%
108
108
10C'/a
*49
108'/a
*108
9
49
21%
*19
7%
87%
7%
25 y8
*180
86
*18%
19%
87
87
87
185
*180
185
*180
19%
25
25
86
85%
85%
19%
18
17%
17%
17
35%
35%
*35
17%
17%
17 Va
17 Va
17
17 Va
34%
17
20
17
*90
95
.*87
95
*90
95
*87
45%
*45%
45%
*7%
7%
8%
*88%
89%
119%
104
119%
*88%
104
46
7%
8'
*103
7%
120
*94
97
*92
97
Va
*41%
43
*41%
42%
37%
37%
38
37 %
37%
*41%
42
37%
85%
8
260
8
8
1,900
86
100
120
120
100
97
*92
97
413/4
*41%
42%'
100
37%
37%
37%
700
35%
300
86
86
*84 %
119%
119%
*92
*35
36
*135
140
*135
140
*135
140
*135
145
*135
175
*155
175
*155
175
*155
175
*155
65
63
63
16%
Corp—1
Inc
35%
Jan
10% Jan
52
4
Mar 14
19
22
Apr
1
1
99
184
Mar 26
192
8
Dec
2
91
Nov
110%
Jan
Mar
7
187
May
200%
Apr
49%
Jan
1
X22
Jan
13
29% Feb
82
Jan
14
91% Feb 13
18
22
41
17
Apr
1
33
Jan
11
loo
89
.100-
94
Jan
13
42
Feb
27
100
101
Jan
20
6
Jan
13
3
20% Jan
2.50
Co
i
Virginian Ry CO———————-—25
6% preferred
25
Visking Corp (The) class A
5
Vulcan Detinnlng Co——-100
———^^44100'
■
Feb
25:
7
Nov
77%
Dec
39
Feb
15%
Oct
25%
Apr
Nov
58 %
Apr
2
15%
Sep
Feb
6
30
Oct
94% Feb
20
83%
Oct
113
91%
Nov
115
Feb
36%
Sep
f.'53
May
94
Jan
13
49
Jan
7
104% Mar 13
9 % Mar
100
6
5%
91% Jan 28
Sep
123 Va
Jan
105
Dec
53
97
Feb
24
80
40
Jan
15
45
Feb
21
40
37
Feb
3
40
Jan
17
38
Feb
17
145
Jan
9
130
Mar 21
145
63
Apr
3
175
Dec
Dec
21
6
Apr
108% Aug
12% Jan
63%
891/4 Feb
Jan
Jun
May
117%
5
33% Mar 15
26%
51%
Dec
Feb
148
Apr
17% Nov
121
Mar 21
101
35
5
137
Apr
15
Feb
39
69% Jan 14
Mar
22
13
18% Feb
Mar 26
xll8
Deo
10
100
10
ll% July
July
27% Feb
54
Jan
Jan 16
Preferred*
Sep
18%
Jan
128
Sep
41
7
11% Feb
Apr
7
17
Feb;
7
87
100
Inc
30
Feb
1
—No par
diY parfid prefered'
100
pref
100
Va Iron Coal & Coke 5% pfd—_10O
300
35 Va
35 Va
47
69^
500
32%
36
50
Va El & Pow $5
100
*34%
14
—2
16% Jan
3
34% Jan 20
175
36 %
Nov
Va-carolina chemical
145
*160
*35
100%
Victor Chemical Works3Vi% cum preferred:
1,200
37%
120
96
46
104
104
41%
*83
119
108% Mar 31
.
Vertientes-Camaguey Sugar Co_6y2
95
45%
104
8
90
119
*94
46%
46%
104
Jan
Apr
27
Cov Inc——-
Chemical
Juni
Jari
Vicks- Shreve St Pac Ry.
5 %,. hon-cum preforred-
t
55'%
NOV
Jan
8 % Jan
Vick
800
95 "■
47
Feb
29 %
102
34
34
95
*90
21
48% Feb
20% Nov
No par
34
34%
35
*90
19
166
9%
5,100
*34
Feb
Dec
20%
17%
94
142
Oct
Van
95
Feb
97%
Sep
Vanadium Corp of Am——No paf
Van Norman CO——.*
34%
Feb
89
7%
400
*90
84%
Sep
4%
17
17%
Mar 27
Feb
Oct
65% Oct
1
preferred
Raalte
40%
X72
8
21
400
1,000
.
7% Apr
35%
18%
27
28
12% Feb
35%,
18%
-
Feb
No par
Co
Feb
Nov
13
preferred
4 Y*%
Apr
187
144
13
Tob
Universal Pictures
80
Jan
*16% "17%
17
35 Va
*90
*103
8 %
2,100
94
46%
Laboratories
Leaf
26
94
104
Universal
Oct
48% Nov
Jan
Inc——
Universal
34
*88
46
Paper
106
8
conv
320
25
18 Va
16%
*35%
cum
Dec
Dec
Sep
•
Feb
23
Apr
39%
100
11
Feb
150
84
36%
5
79% Feb :
20% Apr
3
45'i/2 Mar 29
•
>
2
51
/
11% July
60% May
Sep
11
81
'
Dec
Nov
5
L
1,700
„
FRIDAY
84
*90
104
GOOD
85%
lb %
35%
HOLIDAY
7%
7
25
24 Ve
*84
18 Va
17%
35%
7 Va
7
Wall
165
'
9
35
59
'
2d pfd_5
non-c
pfd—
Universal-Cyclops Steel
185
7%
$4.20
referred
conv
4fr
100
87
*180
$6
Sto^«
United
200
...
19
19
87
35%
35
51
7
*17%
34%
4,500
87
25%
*85%
1
United
200
9%
*49%
19
*18%
109%
9'/a
7%
185
25
25 y8
*85%
600
*107
51
No par
7% non*cum: preferred < ———25
United Stockyards Corp:
1
(
250
,10,300
87%
*87
185
6%
10%
9'/a
*50
21%
6'A
109 %
9
47
TJ S TobaccO' Co
3,000
i
10%
-
*11
*107.
49
-
7
•
20%
*46
47
.
6%
9'/8
49%
v
*10%
109%
9%
*19
21
*7%
87%
■180
7%
11
*49
51
*19
5%
10%
9
9%
9%
5%
11
*46
20%
21
20%
Jan
25% Aug
}r,.
i
21%
Jan
60% Feb
16
Jan
44-
Jan
19
103% Mar
147i/2 Jan
6
42% Jan 16
V 77% Apr
3
preferred
100
TJ 8 Smelting Ref & Mirt—
—-SO
v
Jan
Sep
13%
5
Feb
39
l
10
Co_____
13%
25
9% Mar 27
73
$ per share
Sep
3
44% Feb
.
Mar 14
29
6%
8
Apr
197/a Feb '
64% Mar 20
Highest
Sper share
8
35
7
20
10
Plywood Corp
3%% cum pfd series A
70
; 5,700
Foundry
8% Feb
16% Jan 22
S
&
i
3
25% Jan
—10
S
8
}
"
147 Ve
147%
148
preferred'
U
I
.
;
:
>72% —73%
No pat
il
U
;
47%
;
77 %
78
73 %
A
.
200
1
■
51
158
cl
conv
j
102 y4
158%
,
&
TJ S Lines Co
Lowest
$ per share
>;;V6% Mar 24
.No par
{ 1,400
.
\
;v
•
i 47%
78
74%
*155
Panic
Co
Year 1946
Highest
t per share
Par
:
:
:./
■
*159
1,300
17,900
66
•>
Leather
S
4% %
*65%
30%
1
"
.
U
2,600
•
42'
42%
65%
...
'
8%
19%
18%
42%
7%
34%
x33 y8
10
42%
7%
"7%i
•
33
i
*9%
43
*65%
7
Range Since January 1
EXCHANGE
.
*7
(1883)
99% July
Apr
Apr
July
37
Sep
32%
Nov
fe 52
Oct
170
Mar
Deo
178
May
45%
Jan
Apr
w
*63
65
*63
*17
17%
*17
*32%
33%
65
17%
32%
*63
*16%
17%
16%
16%
32%
*32%
32%
32 y8
321/4
65
*104
105
22
22
21%
22
21
11%
11%
11%
11%
11%
*15%
104
104
15%
16
*104%
105%
*104 v
16 '
*63
105%
21%
1
20%
20%
11%
lfr%
15%
11%
15%
15%
105%
105%
15%
15%
15%
15%
15 VB
15%
15 JA
26%
26
26%
*25%
26%
*25%
37%
36%
36%
*36%
36%
36%
*24%
25
24%
24%
*21
*21
22
23
23
*22%
23%
34%
35%
34%
9%
9%
42
42%
42%
43%
87%
87%
*87%
9%
,
9%
32 Va
:
31%
32'/a
32
*114%
115
114%
*116%
110
.
110%
110%
110%
115
115
115
41%
41%
41%
*112
*111%
113
*105iA
103
15%
20
•
15%
*26
Warner
200
Warren
Fdy & Pipe
Petroleum
36%
'36%
600
Warren
24%
24%
800
Washington
*20%
21%
100
Waukesha
21
*22%
231%
22%
23
34%
35%
35%
35%
1,000
9'A
46%
1,500
11,200
87%
V210
31%
9
91/4
47
45%
48'
9'A
45
88
87 Vb
87;%
87%
31
31%
.
-
31%
31%
300
-
41%
3,400
West
115
115
114-
114%
80
West
117
117
117
116'/a
116%
220
7%
110%
220
41%
42
*111%
113
109% 109%
*114%' 115 r
110%
115
113
110%
42%
*41%
41
111%
6
10
800
113
41
113
113
115
>1141/4
10
Monday
Mar. 29
Mar. 31
Tuesday
■*
Apr. 2
Mar
2
7
3
15
19% Feb
13
103% Jan
13
106% Mar
7
Jan
13
18% Feb
7
Jan
15
15
9%
31
Jan 13
39% Jan
Apr
1
27
Jan
Jan
20
23% Feb
Mar 24
26% Feb
Mar 18
41
0
100
100
pfd——100
Mar 25
29% Jan
13
110% Jan
3
12% Jan
48
16
25
$ per share
*8%
*%
57
57'A
*6%
6%
6'A
15%
*141/4
9%
57%
*57
*6%
7
9%
$ per share
8%
56
9
56
*14'/4
15%
*141/4
40 y4
40 'A
39%
40
89%
90
89
89
19%
20
19%
20
19%
*11%
14
*11%
15
*11%
8%
57
20
20%
7
9% Sep
15
*141/4
151%
*13%
31%
Sep
4
85%
Sep
29
Sep.
Sep
119
Aug
122%
Feb
3
112% Jan
14
106
Sep
117% Aug
113% Mar 14
115% Feb
13
113%
Oct
119% May
109 % Jan
*38%
39%
<39'A
39%
*88
91
89
191/4
19%
32 V8
32%
32
32%
31%
32
32
25%
25%
25%
26
25%
25%
25%
99%
100
100
100
99%
1051/a
105
105
1051/a
99%
105
106
*49
*49
51%
"*34
34
35
*99%
*iooy4
*62%
66
*100'A
101%
*41
34
*99%
100%
*62y2
51'A
41%
42
*49%
34
100'/a
66
*100
*62%
101%
42
IOO1/4
40%
51%
*34
16
45
Feb
24
32% Nov
53% Jun
Feb
3
113
Jan
27
111% Sep
116% Apr
Range Since January 1
Highest
100'A
105'/a
*49%
36
,
Year 1946
Lowest
i
25%
100
700
5iy4
35'A
500
100%
50
68 "1
*100%
101%
'41%
6
13% Mar 14
35
.100
Jan 16
79
Jan
2
1,400
Wheeling
Jan
41%
Jun
28% Feb
13
21 Va
Nov
39%
Jan
100
10
91
Dec
95
Dec
27
106
47% Mar 19
55
39
May
102% Jan
36
Feb
18
Feb
10
98
Nov
65
Jan
9
63
Aug
103
Feb
13
100
Oct
44Va Feb
7
35% Jan
13
730
$5 conv prior
86
Mar 17
32%
32%
32%
32%
200
White Dental Mfg
31
Jan
*26
26%
26%
26%
25%
26
26
26
25%
25%
1.200
White Motor
14%
*85
88
*85
88
*85
88
*85
88
88
88
*31%
32
*31
32
31
32
*31
32
*31
1,200
32
'
160
7Va
7»/a
*6%
7%
11%
11%
11%
11%
11%
11%
11%
8%
; 11%
14
13%
14
13%
13%
13%
13%
13%
13%
98%
97%
97%
97%
98
7%
11%
14
*95%
19%
19%
*19%
59,
59
19%
*150
155
58
155
*150
98%
*96
98%
58
6%
*96
19%
19%
*19%
19%#
19%
7
800
11%
4,300
19%
155
155
Wilson
58
57%
58
57%
58
48%
300
"
155
*150
Wilson-Jones
Pow
Jan 21
34
Feb
7% Feb
6
6%
Co
Co
pfd—100
—10
Iron
(F.W) Co-———10
1,900
48%
48%
48%
48 Mr
48%
5,900
Woolworth
63
63
63%
63%
62%
62%
63%
63%
62
62%
1,200
93
94
*93%
95
93
93%
93 »'
93
93%
94%
430
*95%
97%
*95%
97%
*95%
Worthington F & M (Del)—Nopar
Prior pfd 4%% series
100
97 Va
97%
96
96
•20
i
*73%
75
*73
75
*74
75
74%
75
*67
69%
69'
69
W
69%
69%
12%
11%
12%
11%
12%
40
40'A
40%
40%
39%
39%
1,400
13%
13%
131/4
V131/4
2,200
50%
50
20
20.
68
67
48%
48%
48%
69
48%
f
12%
12%
11%
39%
39%
39%
40
13%
14.
50%
14'/a
*14
50%
13%
*501/4
13%
51
*19%
20%
19%
19%
19%
19%
68%
68%
67%
69
67
*95%
19%
50%
*19%
/
'
67%
19%
19%
19
19
*19
20%
V
.
*74
75
50
69
69
400
11%
11%
4,200
20%
20%
20%
*201.4
19%
50
>
►.
*9
<
21%
v '
•Bid
9%
and
'
-
asked
^
'
19
,
20%
•
9 Z
prices;
no
..
20%
8%
sales on
Yale & Town*
Mfg Co—2-—-25
this day.
Jin receivership,
a
4 % to
cum
^
preferred
—50
4,000
19»/4.
20%
''
■>'
Deferred
Youngstown Steel
500
Door-;—..No par
13% Feb
ianT i
36
Oct
12%
Nov
26%
Sep
21
July
101
July
15 V#
19% Mar 18
Oct
53
Sep
74
100'
Feb 20
87%
Sep
103
May
Feb
75%
Dec
106
Feb
59%
Oct
100
8
63% Jan 21
80
11% Apr
18% Feb
37'A Mar 21
13% Mar 11
May
8ep
3
1
Jun
52
Sep
13
72% Mar
Feb
160
"/
84%
13
94% Feb
93% Apr.
Jan
47
1
68 Va Feb
Mar 15
2
Feb
J an
43%
Feb
Jan 16/
86
% Jan
21%
Mar
34
Ma~r~27
56
46
May
Nov
12%
Jan 2®
60
July
5%
142
43
Jan
105
95 %' Sep
30
99
May
9
:1c
11
15% Jan
30
44
-
70 Va Mar
8
6
10
Jan
3
.16% Feb
11
45
.
l
13% Dec
33
Oct
13% Nov
62% May
*
,
Aug
Apr
82% Apr
25% Jun
61 Va
July
27%. Jan
50 % Mar 31
3
17 %• Jan 16
62 Va Jan 16
23
Oct
35~%
72% Feb
18
57%
Sep
837/a May
16% Jan
21% Feb
21
15
Nov
31
Ceo
42% tan!
Sep
14% Apr
50
Apr
16
Feb
7
15%
Jan
Jan
IV
1.100.
'
9
Young Spring <tx WireL,——No paf
Youngs town Sheet St- Tube—No par
1,100
;
68-
'
York""Corp"
300
20
.
tV
*20%
pfd 4% to conv series,—100
Wright Aeronautical—
No par
Wrigley (Wm> Jr (Del)
Nopar
Wyandotte Worsted Co-—-i——5
Prior
'
v
* \
68
19%
,<
81% Sep
31
Co
El
23% July
3
13
Woodward
•
44
Feb
———No par
62 V2 May
107% July
Nov
11% Nov
90
'--5
-1
Jan
1
Mar 17
6% Jan 14
91/# Jan 13
13% Jan 13
97
Mar 14
17
Jan
3
Jan
Jan
106
8
88
No par
Inc—
Co
preferred
Wisconsin
*
*150
&
$4.25
"
53
—
Motors—
9OV2
Jun
72
27% Feb
21% Nov
7
20
Wilcox Oil Co
Willys-Overland
17% Feb
34
No par
preferred^-
4,200
400
*150
>-
$4
Prior
7%
*7'/a
13% Jan 14
1
Sewing Macfi Corpconv
preferred
White
Feb
29% Feb
15
45%
107%
-v
V; 36% NOV
101% Mar 31
23% Jan 16
Co-———-———-J
63 % Jun
29% Nov
101
98
Jan
6
24
27
Jan 13
62 % Mar
33%
14%
Feb
Mar
Jan
98 Va Mar 17
*32%
14%
23% Feb
14
31% Mar 26
33'A
14%
Apr
Oct
*32%
14%
Jun
26%
33%
14'A
Jan
56 Va
35% Feb 13
*32%
141/4
32%
101
32%
101%
14%
Oct
53%
100%
14%
Sep
71
23% Jan 13
93
Jan*
2
—No par
CorpNo par
pref——No par
(The S S)
20
27
Jan
30% Jan 22
Air
Steel
Sep
18
Mar 29
13%
Oct
101%
/ 100
14
42 % Feb
90
Jan
90 Va May
Oct
101%
100
Jan
5% Sep
11%
18
101%
1001/4
57
7% Feb
3
18% Feb 11
pefshare
.35
18%
11% Jan
101%
100
7% Dec
1
17% Jan 16
#3.75 preferred
Highest
$
share
Jan 31
Teleg class A-No par
-No par
Wheeling & Lake Erie Ry
100
5 % to conv * preferred——100
"20
40%
41%
75 V3 Jan
Brake
No par
Westinghouse Electric Corp—12%
3%% cum pfd series A
100
3.80% cum pfd series B
100
Weston Elec Instrument——12.50
Westvaco Chlorine Prod——No par
390
351/4
4
1
Westinghouse
12,500
~
10% Jan
13
A
fper
g per share
13
Apr
Class B
4,400
105%
8% Jan
■Jan
Western Union
2,900
*62%
101%
411/8
FRIDAY
100%
66
*100%
41
99%
^
100'/a
*62%
66
GOOD
I per share
6
series
Api"
Jan
56
Preferred
900
15
25%
511/2
100
100%
HOLIDAY
31% ' 31%
105%
*49%
34
100
19%
*11
25%
99%
89
a
38
Auto Supply Co—-—--10;
Maryland Ry————100
4 % non-cum 2nd preferred—100
Western Pacific RR Co com-No par
700
45
110
Western
15%
391/4
16% Apr
43% July
89% Aug
2
Feb
Jan
Western
100
Sep
Jan
108
—1
Western Air Lines Inc
1,800
6%
29%
47%
Apr
./>•
Feb
Oct
Sep
115
Par
1,900
56%
15
321/4
*105%
fper share
*6'A
19%
34%
4
Lowest
Shares
*56'A
*11%
Sep
14
EXCHANGE
9
94
19%
35% Mar
2
34% Jan
117% Mar 11
NEW YORK STOCK
6%
*61/4
15
391/4
*88
$ per share
9%
56%
6'A
DCc
Dec
•
Range for Previous
Sales for
the Week
Friday
Apr. 4
i.
Apr. 3
tper share
9
Jan
39
25%
L
$ per share
50
Jan
-
;;
121% Jan
115% Mar 13
West
Va Pulp & Pap Co
No par
4% % preferred —————100
.
37% Jan
86% Feb
FCb"
23% Aug
Nov
18%
18
22
Sep
16% Oct
8
34
Jun
22
22
•21
Oct
20%
/
18% July
107% Feb
100
30
24
Feb
29%
Oct
xll% Mar
Jan 31
28
Apr
23% Nov
STOCKS
Thursday
Wednesday
Apr. 1
111
Jan
13% Feb
No par
—
Power 4Vtto
LOW AND HIGH SALE PRICES
Saturday
Apr
24% Jan
5
to preferred
West Penn
54
107
20% Apr
3
Mar 11
<11
preferred
preferred
23% Jun
Dec
«w5
Inc
Tobacco
conv
86
Oct
22% Jan 16
—NoparV
Indies Sugar Corp—
1
Penn Elaotrie class A—No par
$4
Sep
15%
33%
105
—1
Wesson Oil & Snowdrift-
115
110%
Co__—
Wayne Knitting Mills-
Webster
58
11
.5
Co
Wayne Pump' Co;
116%
*114'A
Motor
103% Mar 17
18
25
36% Feb
No par
5
No par
Corp
Lt
Gas
75% Feb
17% Jan
16% Apr
3
32% Mar 26
5
Pictures
Bros
24%
21
9%
-
13,900
27
43V
31%
117
*1141/4
15%
37
*241/4
35
'
2,600
—
*114%
115
117
9%
3,300
•
*87 V*
88
{- 116%
:
34%
106
*105y4
24
23%
*34%
24
22
*21
21%
*22
,
106
——No par
Walgreen Co————No par
4 % preferred —
——.100.
Walker (Hiram) G St W——No par
Walworth Cp
No par
Ward Baking Co common-—^—!
5Ya% preferred ■
—i—100-
5,600
15%
preferred—100
—
20
20%
ii%:m%
261%
*37
20V
•J
15%
*25%
*105%
..
*103iA' 104
104
104
'
11%
16%
*32
Wabash RR 4ya to
Waldorf System
a
Zenith
Radio
Corp1—
-No par
18% Jan I3t
8% Mar 26
•
2,300
•
delivery,
n New
stock.
Zonite
rCash sale,
s
Products
Corp
Special sales.
*
wdWhen distributed.
23% Feb 10
10% Jan
x-Ex-divldends.
31
19%
9
y-Ex-rlghts.
,
2
8
FINANCIAL CHRONICLE
THE COMMERCIAL &
(1884)
Transactions at the New York Curb
Stock Exchange
Transactions at the New York
Week Ended. April
076,580
$1,271,000
2,526,000
2,916,000
2,817,000
680,040
720,130
Monday.^——-—Tuesday
Wfcdno&day—
Thursday
;■*—-r
771,450
———
(Number
Week Ended April 4, 1947
$1,338 000
314,000
212,000
Saturday—
Monday
Tuesday—
2 840,003
3,129 000
$1,000
211,000
3,028.000
211,000
2,737,000
HOLIDAY
-
Fridayrr———
Total
.
_
Thursday.
:
3,140,110
——
$13,072,000
$1,000
$1,015,000
$12,056,000
T
Total
■".
*
■
;
*
Stocks—No. of shares
;
1946
-
Bonds
.
Foreign
;••
v~
;
'•
?
■".''■'■"■y'-y
11,000
178:000
218,000
$5,000
178 000
$5,000
$908,003
HOLIDAY—-
$744,000
V;<-
1
270,167,100
415,397,903
$25,106,200
$289,053,300
"
Bonds
Domestic—
26,319,200
' 23,089,700
-
24,000
'
"
$159,000
^
'
Week Ended April 4
———i
Stocks—No. of shares—
i
,$2,472,600
<
19,525,700
1,916,500
1,015,000
12,056,000;
$13,072,000
——.
-
-
j
—
21,COO
162,000
-
Jan. 1 to April 4
1947
; 1946 ;
3,425,190
852,120
23,595,438
.
"55,273,220;'
.
$260,500
Industrial-—-J.--
254 000
191,000
...
118,703,477
63,779,650
L—
*'■-
Total.
y'
.
$82 oco
f:.
1947
..
,y
U. S. Government
;
155,000
•
1946
•
$5,000
98,000
;
;
April 4
1947
Total
Corporate
156,000
3
.
,8,045,100
3,140,110
—
—
1947
Jan. 1 to
April 4
Week Ended
u
Foreign
Government
$77,000
852,120
-
fr
Railroad &
—
Friday
£
;■
Foreign
Domestic
84,225
207,705
176,785
210,350
173,055
;
Wednesday-
Bonds (Par Value)
of
Shares)
Sales
Bonds
$57,000
2,526,000
291,910
—-a—-
Bond
Bonds
<
Stocks
Total
Government
Foreign
Number of and Mlscel.
Bonds
Shares
4,1947
Saturday———
United States
Railroad
Stocks,
Exchange
Daily, Weekly and Yearly
Daily, Weekly and Yearly
:
Monday, April 7, 1947
+
"-y'V "
■
-
-—
' $744,000.
159,000
"
5,000
$1,544,000
-
$444,189,700
Foreign government
t
—
Foreign corporate
Total
$908,000
—
22,000
Stock and Bond
.
i '*•
1,863,000
1160,000
.
I
$2,064,000
5
-
498,000
'
i
;'V
•m"
-
$13,866,000
$26,580,000
4,845,000
i
186.000
...
_
$15,889,000
$31,611,000
j
Averages
Itelomstocks :and .bonds
*'listed on the New York Stock Exchange as compiled by Dow, Jones & Co.
;,T
■:
*
t
.i
Stocks-:
•
.
-Bonds—
10
•
~
30*
Indus¬
j
:i
■
■,
March
March
31:
April,'April
178.36
29.
1.
2_
3:
April
April
roads
Jties
,
177.20
48.64
48.66
»•
48.75
;'
176.52
—
48.44
'
'
-
Grade
Utili¬
Rails
Rails
ties
Bonds
104.73
111.71
93.53
107.90
104.47
107.94
104.50
104.77
03.56
36.00
177.45
Grade
trials
04.01
35.88
35.83
177.32
—
93.55-
111.75
40:
63.01
; 35.94
111.54
93.69
108.04
104.71
111.52
93.58
107.88
104.42
03.36
,
104.74
03.65
-
104.60
111.37
93.30
107.70
104.23
-Holiday-
4_
Total
10
Second
Indus¬
Stocks
35.99
10
•
First
10
65
-
•
49.15
,
Total
15
'Util-
•••'Rail-,
trials
Date-
•T
20
104.50
-Holidpy-
O- h
Bond Record
#NiS:iWi.£
New York Stock
«»
FRIDAY
WEEKLY
-
Exchange
YEARLY
-
NOTICE-r-Prlces
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 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.
'Interest PorinA" indicate
each case the
The italic letters in'the column headed "Tni-n-oci- Period" inrfiootn in ao«h mso +v>*» month when ,♦»,« i>ay,a. mature.
.
y
the bonds —
of
the-week, and when outside
•
"y
■
Figures after decimal point represent
or
one
more
32d
of
a
point.
LOW AND HIGH SALE PRICES
r
Saturday
Monday'
Mar. 29
Low
'101.29
'106
;
u^n
Low
101.31
*101.29
i
Tuesday
Mar. 31
Apr. 1-' "
Low
High
uigti
101.31
*100.28
Wednesday
Friday
Thursday
Apr. 2
Low
Apr. 3
Low
High
Sale* for
Apr. 4
Low
nigh
101.30
*101.27
*105.31
106.1
*105.30
106
*101.28
106.1
*106
106.2
'108.17
108.19
*108.13
108.20
*108.17
108.19
*108.17
108.19
*108.18
108.20
'112.10
112.10
*112.9
112.11
*112.7
112.9
*112.8
112.10
*112.8
112.10
'101.30
102
*101.30
102
*101.29
101.31
♦101:29
101.31
'101.29
101.31
106.1
'
I
107.8
*107.6
107.8
*107.5
107.7
*107.5
107.7
*107.6
107.8
*112.26
112.28
*112.25
112.27
*112.26
112.28
*112.28
112.28
113.28
*113.26
GOOD
104.14 July
Highest
104.27 May
1949-1952
106.1
106.6
Feb
21
1951-1955
108.21 Feb
108.21 Feb
4
110.3
Jun
111.18
Feb
1955-1960
112,6
Feb
112.6
Feb
3
112.21 Aug
115.26
Jan
23/4s
1948-1951
102.6
Feb
102.6
Feb
4
102.11
Dec
102.12
2%s
1951-1954
107.5
Dec
109.22
Feb
23is
1956-1959
113.12 Aug
115.23
Apr
113.3
Nov
3'/as
3s
27/aS
Treasury
—_
Lowest
Highest
6
Treasury
Treasury
FRIDAY
Year 1946
Range Since January 1
Lowest
102.22 Jan
Treasury
—:
—
112.29
Range for Previous
BONDS
STOCK
102.13 Feb
Treasury
Treasury
Treasury
—^
'112.27
YORK
EXCHANGE
1,000
HOLIDAY
'107.6
*113.23
NEW
Bonds ($)
101.29,
100.30
106.2
-
GrtVFRNMEUT
the Week
High
4V4S
1947-1952
—
Apr
Dec
'113.25
113.27
*113.26
113.28
*113.28
113.28
Treasury
2%s
1958-1963
113.3
114.27
*114.25
114.27
*114.25
114.26
*114.25
114.27
*114.25
114.27
2%s
1960-1965
118.23 Feb
*102.18
102.20
*102.19
102.21
*102.18
102.20
*102.18
102.20
Treasury
Treasury
118.15 Mar
102.20
•104.10
2V2s
1948
104.12
*104.10
104.12
*104.9
104.11
*104.9
104.11
*104.8
104.10
2y2s
1949-1953
106
Apr
105.12
Treasury
106
•105.10
*105.10
105.12
*105.10
105.12
*105.10
105.12
*105.9
105.11
Treasury
2>/2s
1950-1952
106.16 May
107.15
Jan
*105.10
105.12
*105.9
105.11
*105.9
105.11
*105.9
105.11
*105.9
105.11
1952-1954
107.5
Jan
107.10
*107.7
2»/2s
105.29 Aug
*107.8
*107.4
107.6
*107.6
107.8
*107.6
107.8
__1956-1958
108.4
Jun
105.21
2J/2s
[ Jun
*105.19
*105.18
105.20
*105.15
105.17
*105.20
105.22
*105.19
105.21
*105.5
105.7
*105.4
105.6
*105.2
105.4
*105.6
105.8
*105.6:
105.8
*104.26
-■■■'
113.28
*114.25
*102.18
104.28
*104.25
104.27
*104.22
104.24
*104.27
104.29
*104.27
104.29
in4 94
104.26
*104.21
104.23
*104.25
104.27
*104.25
104.27
*104,20
104.22
*104,17
104.19
*104.22
104.24
*104.21
104.23
'-4.Ul.lt)
Iwl.-J
*104.16
104.18
*104.21
104.23
*104.20
104.22
*104.95
,
*104.21
1C4.23
*104.19
wa.41
I*103.10
i*106
$
•
10A *>7
*
.
,107.9
103.12
103,11
106.2
-
*103.9
*105.21
106.1
■4103.10
103.12
*103.8
| *105.19
*103.12
103.14
*103.12
105.28
*106,
106.2
*105.31
*103.12
103.14
*103.12
103.14
*103.7
,,
2y2s
Treasury
2'VzS
Treasury 2y2s
Treasury 2 Vas
—
*
—1963-1968
2y2s
Treasury
—
——Dec. 1964-1969
104.23 Feb
104.4
Jan
103.29 Jan
104.23 Feb 14
2; 104.15 Jan 29
14
0 ; 104.4
Jan
Jan
29
104.2
30
104.7
103.1
Jan
-
104.7
103.8
29
Sept. 1967-1972
Treasury 2y2s —_-Dec. 19Q7-1972
Treasury 2'As
____195l-1953
Treasury 2y4s ^——___1952-1955
Treasury 2y4s ——1954-1956
102.24 Jan
Treasury
—
Jan 13
Jan 30
Jan 29
Mar 6
105.17 Feb
7
102.5
6
105.21
104.8
*105.20
105.22
*105.19
105.21
*105.19
105.21
*104,5
104.7
*104.5
104.7
*104.6
104.8
*107.20
107.22
*107.19
107.21
*107*19 107.21
|n05.15 105.17
*105.14
105.16
*105.11
105.13
*105.14
t *102.23
?*102.23
102.25
*102.22
102.24
102.21
*102.24
102.26
*102.24
102.25
*102.22
102.24
*102.19
102.21
*102.24
102.26
*102.24
102.26
'♦100.29
100.31
*100.28
100.30
*100.29
100.31
*100.29
100.31
*100.28
100.30
*101.1
101.3
*102.3
102.5
Treasury
2s
102.4
Treasury
Treasury
Treasury
Treasury
2s
103.15 Mar 27
6
Dec. 1948-1950
*102.2
—June 1949-1951
| *101.2
1
*102.19
'
*101.2
101.4
*101.1
101.3 '
*101.1
101.3
*102.4
101.4
102.6
*102.4
102.6
*102.4
102.6
*102.3
102.5
*102.3
102.5
*102.2
102.4
*102.2
102.4
*102.2
*102.7
102.9
V
; *102.8
102.10
*102.7
102.9
102.15
*102.12
102.14
*102,11
102,13
*102.12
102.14
*102.18
102 20
*102.17
102.19
*102,16
102.18
*102.16
102.18
*102.7/ 102.9
/
? *102.24
*102.31
i *103.2
102.26
103.1
.103.4
*102.23
102.25
*102.30
103
*103.2
103.4
"
*1C3.4
*103.7
103.6
103.9
„T*105.18 105.20
*100:31 101.1
*101.7
101.9
•Bid
*103.3
*102.21
?•*/
103.5
„
102.23
.
105.16
102.26
'
•
t
f
4
*102.7
:
102.18
7""
.
*102.23
102.25
*102.23
•102.29
102,31
*102.30
103
*102.30
103-
103.5
*103.4
103.6
*103.4
103.6
Yf-
<
"
*
'
—
*103.2
103.7
*103.4
103.6
*103.6
103.8
*103.5
105.20
*105.16
105.18
*105.16
105.18
*105.16
*100.30
101
*100.31
101.1
*100.31
101.1
*101.5
101.7
*101.6
101.8
*101.5
101.7
Apr
102.22
Jan
107.19
Apr
102.11
Jan
107.9
Apr
102.11
Jan
107.10
Apr
101.16
Jan
106.15
Apr
Apr
109.15
Feb
101.15
Jan
106.16
Apr
106.15 Aug
108.17 Aug
10~8~17
105.17 Feb
7
104.22
Sep
107.14
Aug
Apr
100.29
Jan
104.16
Apr
102.5 Jan
6
101.4
Jan
104.7
Apr
102
Apr
102
Apr
102.8
Dec
102.8
Dec
103.9. Jan
y
Jan
.
103.9
Jan
103.22
Feb
1947
March 1948-1950
a
Odd
lot
*';
transaction.
...»•
---
103.7
Dec. 1949-1951
2s
Jan
March 1950-1952
::
7.
102.16
Oct
104.3
2s
:__1951-1953
102.20
Oct
104.14
2s
„1951-1955
103.13 May
103.13 May
Jan 24
102.14 Nov
104.26
Feb
102.22 Nov
104.29
Feb
101.14 May
101.31 Mar
Sep
102.17 Mar
1/Treasury 2s
.
Treasury 2s
Treasury 2s
Registered
Dona
•
Treasury
iy2s
Sept. 1950-1952
June 1952-1954
Dec. 1952-1954
102.22 Feb
103.2
103.1
Jan
Jan
4
24
102.22 Feb
103.2
4
21
103.4
Jan 24
6
101.4
Jan
transaction
Mar
Jan
.1953-1955
1^4^
Treasury
_
r
Sept. 1949-1951
2s
Treasury
—
105.18
101.1
No sales transacted this day.
Apr
107.9
,
Treasury
;
;;
103.7
*105.18
*100.31
,103 5
2s
Treasury 2s
7"
.
103.5
and asked price.
2s
-
102.25
*103.3
101.9
Dec. 1959-1962
107.4
Jan
103
106.15 Aug
June 1959-1962
7*'"7
.
103.3 '
*101.7
1956-1959
—
Treasury 2 y4s
Treasury 2s
—
102.9
102.13
*102.16
*103.1
*103.5
2V4s
Treasury 2 y4s
—
Treasury
*102.11
_
*103.3
'
—
107.21
Nov
104.7
-
102.4
: *102.13
i
195.21
104.8
*105.14
105.16
J'
t
*105.19
*104.6
7*107.19
107.27 Apr
106.28
104.2
_1966-1971
June 1967-1972
-
Apr
105.22 May
____1965-1970
—
107.23
i *104.8
1*107.21
«
108.4
_L__1962-1967
June 1964-1969
Treasury
106.1
103.9
—
2V2s
Treasury 2J/2s
Tieasury 2l/2s
„_
.
103.14
*105.26
103.10
103.9 /
Treasury
Treasury
Treasury
—
,•
*103.7
;;
^
...
104.12 Feb 21
104.12 Feb 21
Nov
1950
101.4
Jan
6
101.3
165
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4583
*
^
New
York
Exchange
Stock
Thursday
,
Interest
BONDS
Period
.
r
Thursday
or
Sale Price
'/•/
-7
:
Bonds
s
Bid & Asked
Sold
High
Low
/ :
Range Since
New
January i
J*
York
Unification Issue—
25-year
J-D
1MQ
112% 112%
.112%
17
Stock
Period
Exchange
114%
110%
(City)
gold
Low
High
55
93 V,
97%
95%
95%
96
36
91%
96%
17%
17%
; / -:-.io
17%
20%-
1949
jr.
Members
2*2300
New
120
York
Stock
T eletype:
Exchange
'
•
-5'As
NY 1-1693
Broadway, New York
1st
'
2
-
104%
90
90%
.
J-J
98
98
A-O
100%
97 'A
2
100 %
102%
99%
82
*
97
%.;
90 %V
■}.
90
36
99 '■
'
99 %
^99%
115
20
99% 1"00 I"-'
100
115 %;
115%
.
1-07 %
112%
*113
>90%
104 »/2
l112% 114 3/4
!
•113-/..
F-A
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to
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WEEK ENDING APRIL 4
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1955
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f
s
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s
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s
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59
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._
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?
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33As Series No. 24
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—
64
.
:
;
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1959
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1960
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1980
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s
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—
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1963
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v
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1957
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m
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FOREIGN SECURITIES
F-A
*53
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.-1962
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ts
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1942
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1942
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96
1975
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Canada
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1976
zooo
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s
'
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of)—
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—
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s
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*61
—
:
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.Sinking fund gold 6s
I
-
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/ J-J
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64
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*'
fund
of)
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63
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•
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r
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63
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33/4s Series No. 26
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62
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s f
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—
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--
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57
—
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10
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to
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'
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)
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64
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i
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s
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■
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y
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>.
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'
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.
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64
,
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■u
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61
52
35
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1
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funding bonds of 1931 due„1951
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i
,5s
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,
AAss'td to Nov 5, 1942, agree-1963
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1954
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1®£>
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'
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Minas Geraes (State)--
63
—
—
35
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(Int reduced to 3.5%)
,
(Colombia)
A Assenting
60
70
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-
1979
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.
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81
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s
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(King of Norway)
SAAntiquia
v
2-0050
v
'■//:
Y.
Teletype NY 1-971
31'A
10
THE COMMERCIAL & FINANCIAL CHRONICLE
(1886)
RANGE
Thursday
York
Stock
Week's Range
Thursday's
Interest
Exchange
Last
Period
BONDS
New
Sale Price
IA San Paulo
(City) 8s
Stamped pursuant to Plan A
Low
No.
High
(Int reduced to 2%)
(State) 8s
Celanese Corp 3s debs
Celotex Corp 5%s debs
A Cent Branch U P 1st
gold 4s.
^Central of Georgia Ry—
•
i':,:
31%
41 -V
61
68
J
1999
J'J
J-J
*59
(Int reduced to 2.5%)
A7s extl water loan
1999
u-s
2004
J-J
1968
55%
55%
J'J
1956
..
to
series
Slovenes
J.J
*56
a4%s
J-D
*103%
90
93 Va
15
90
55%
57
17%
ACbatt Div pur money gold 4s__1951
(lAMObile Div 1st gold 5s
1046
J-D
59%
59 y2
5
65
& gen
Nov 1945
5s
5s series C
53
59
60
A-O
79%
80%
65%
80%
8'%
J-D
J-D
*21
9%
10
*9%
8%
25%
.1
*15
J'J
F -A
5s
1960
m-n
<-130
1964
m-n
101%
130
130
'
;t
98%
M-N
I97f
m-n
*94
1978
J-D
100
1978
f-a
-1979
,
84%
1958
f-a
*18
JL958
F-A
_
18
16%
A-O
F-A
...1974
1st & ref mtge 3V«s
1st & ref mtge 2%s
100%
100 U104"%*
-.1975
A-O
A-O
*107% 108%
»
99%
104
-1998
M-S
*100% 101
100%
10114
107%
108%
Allls-Chalmers Mfg 2s debs
-1956
Am Sc
Foreign Pow deb 5s
-2030
American Telephone Sc
Telegraph Co.—
3s conv debentures
;
-1956
2%s debentures....
-1980
2%s debentures
debentures
2%s
23/4s
conv
Z.
4s
M-S
i.
1996
M-N
'105%
1996
F-A
1989
J'J
1989
J-J
1949
A-O
& ref
4%s
series
B__
Charlotte
101
A-O
382
104% 105
104%
A-O
106
10*17
Jan
1995
Q-J
*99
1985
•my*
104
105%"
33
105 V*
'
A-O
NOV
*118%
97%
—.July 11995
Air Line Ry—
m-n
I1963
m-n
July 1952
m-s
Atlantic Coast 1st cons 4s
General unified 4%s A
Mr N
99%
95 Va
AGen toe mtge 4%s....._Jan 12038
/•*
1964
J-D
Atlantic Sc Danville Ry 1st
4sl—1948
Second mortgage 4s
194$
Atlantlo Refining 2%s debs
—1908
106
11^
108% 109
39 t
J-J
5
-
,v
-
•
106
107
St
inc
Paul
A
J-J
39 ~
4
23
2
2?%
28%-
5
102%
103%*
103% 103%
1st mtge 4s ser A
mtge 4%s.inc
inc
conv
?
'
a
i
r»9c? 1 I946) due
July 1948
Ref Sc gen ser A (Int at
1%
Dec 1 1946) due—-
to
A Conv
1940) due
due—-
99 %
1
.
1995
3-D
(Int at 1%%
due
1995
Ref Sc gen ser D
(Int at 1% to "
Sep 1 1946) due
2000
Sep 1
98% 100%
A-O
Ref Sc gen ser C
to Dec 1 1946)
Ref & gen ser P
(Int at 1%
to
95%
99% 101
94%
62%
63%
118
4s
series
M-S
'
1996
73
73%
F-A
%
m-3
Feb 11960
A
75%
62
106
62
63%
68
1930
„
.
■
.
M-N
J-J
,
Con ref 4s
'*
Bethlehem Steel Corp—
\
Cons mtge 2%s
Cons mtge 2%s
2%s
J-J
250
47
59
93%
9
93
97
92
92%
8
92
80%
mtge
92%
1
••
97
97
'
'
S7%
*97
129
M-N
J-J
98%
4y2s._Jan 11999
conv, inc
Apr
'
:..lff89
M-S
101%
100%
104
—
59%
59%
96%
60%
F-A
1966
M-N
1950
F-A
1947
m-n
1969
m-S
38
*107%
J-J
51
-
*102% 103
3%s
5^° Unlon El 1st gold
58
6s series A
i
4a a f debentures-.-.
Gen
mtge
27/8s
"_~197fl
May 1, 1947) due
1957
IBurlingtoa Cedar Rap Sc Nor—
t A 1st & Coll 5s
A
Bush
1934
Certificates of deposit
Terminal 1st 4s
Consolidated 5s
Bush Term Bldgs 5s
gtd
*38
56%
40%
40%
—
103%
M-N
V
66
44
100 3%
103% 103%
31
66%
A-O
68
107 y4
102%
102%
104
33
33 %
33
64
•«"—
1952
A-O
1955
—
J-J
"""i960
*102%
95%"
A-O
mm*
f.
32
-
105% 105%
:<
39
103
94
97
V 1
105
106
if
j
I
•
»
Elec
Power
1st 3s
Calif Oregon Power 3%s
Canada Southern cons gtd 5s
Canadian National gold 4%s
Guaranteed gold 5b
Guaranteed gold 5s
1976
1974
ai.Ii902
J-D
m-n
106
"
-J
109
106
*106%
__
107%
Guaranteed
gold
4%s
Guaranteed
"IZ1955
gold
4%s
1955
Guaranteed
gold 4%s
I1951
For footnotes see
page 33
J-J
A-O
F-A
112%
113%
114%
119
119%
iiiya 111%
99
105%
105%
»/2
88%
81
56 y2
64 y2
78
78%
64
77%
83%
100 v*
101%
--
-
iH O 1—4
-JO
1
82
t
65%
65%
78%
72%
51
52%
44
55%
56
20%
21
v
C
r-
3
77%
-
*102%
3
59
68
80%
78%
,.
-53y2
,48% ' 87%
20
-V 27%
*98 y4
*97
102%
—
99
x89%
91%
*81
84
J-J
J-J
M-S
7
100
89%
106% 106%
85
.
1
104% 104%
93%
80
—
)
104%
105
98
»
106
6
107
103
105%
107%
16
106%
108%
107% 107 %
3
105%
107%
"
J!
„
107 V*
107
*24%
A-O
A-O
M-N
A-O
*24%
*70%
__
34
——
-34%
34%
34
__
73%
•
104% 104%
—
71
-
5
76 %v
103%
105
112%
112%
102%
105
V"
.'
.1969
1974
*113%
F-A
F-A
J-D
J-D
104% 104%
98
-
*85%
40
98
3
98
99
82
88
5
92
98%
58
75
82~%
73%
80%
92
S'd
s
92
J-D
3-D
*__
75
95
—
92 VB
115
76%
4s_.
.1991
J-J
*__
73
tr gold 4s
Ilium 3s
.1990
M-N
*93%
96%
Div
1st
coll
Pittsburgh RR
f 58 series B gtd
1973
108%
109%-
103%
—
—
104
106%
108 %"
F-A
106% 106%
A-O
A-O
A-O
'
.1980
*
M-N
M-S
A-O
M-S
•
108
108%
107
109
106
107%
42
106
107%
21
105%
106%
58%
106% 106%
103 V-z
103% 103%
110%
100% 110%
*114%
19
8
58%
106%
F-A
—1955
10
105% 106%
A-O
—1977
let extl 4s_.
*103
M-N
...1948
1st mtge; 3s series L
108% 108%
J-J
1970
--
—
—
.
55%
,
63%
32
105%
106%
-1
103 y2
103%;'
6
109 %
110%
—
-V
—
14
108%
109%
108 %
108 V*
11
105 V2
108
—
102%
103%
-
.^,.^.^1977
•
..
108% 109%
F-A
*108%
J-J
F-A
105% 106%
1965
A-O
*103% 103%
A-O
100%
100% 100%
100 V*
102
A-O
103 Ve
102% 102%,
102
103%
103% 104
103%
104%
-
■
3%s
Cigar
Corp
3y4s_
debentures
1956
3%s debentures
tAConsol Ry non-conv
J-J
1958
deb
t
1955
A Debenture
4s
Power
1st
Baking
mtge 2%«„1975
debs
1965
3s
'
43
-
*__
381
35%
J-J
*__
39
353-8
J-J
1956
Continental
103%
J-J
1954
4s
__
*__
37
35j/2
41%
M-S
-105% 106%
1041/2
106 %
J-J
*103%
103
104
100%
101%
—
Crucible Steel
1st
42%;,
1966
RR
1st
5s
M-N
101% 101%
1942
mtge S'/sS
tACuba Northern Ry 1st 5Vas
A
Deposit receipts
J-D
*62
65
61
51
52
48%
521/4
83
83
83
86% :
41%
41%
41%
J-D
*44%
46%
43%
46
J-D
*44%
46%
431%
45%
—
gold
—1952
A6s ser B
J-J
—
i
deposit rets
1946 V
1946
113%
*113% 114
*119% 120
118% 118%
22
195
120%
120
112% 112%
45%
.
59
113 .5
119
120%
112%
J-D
94
85
106%
120%
J-J
J-J
1970
38
1
105% 105%
106
109%
1957
_
103%
106%
109
~OcTl969
38
57%
J-J
"
^...
3%s gtd.
Series D 3%s gtd
ACuba
106.
66%
57
1961
<
A-O
56% I
V
1
45%
J-J
-
—.,...1993
^1993
B
Deposit receipts
>' A7%s ser A deposit rets
California
....
-
94
94
J-J
,
-
A
.
X39%
J-D
J-D
.1963
A Debenture
7
/'v..
45
— —
101%
97
v; 140
80.87
1951
72
——
~
88%
138
18
.47%
J-J
M
1st
Elec
Consumers
20
>
84 y2
-
-
42%
Consolidated Edison of New York—
3%s debentures,
1948
101%
106 %
1
M-N
&
Div
Consolidated
100%
—.
33%
1
64
J-D
1963
...
Conn Ry Sc L 1st & ref 4%s
Conn River Powr s f 3%s A
104%
■V."
'■
100 :i52
3
A
104
100%
M-S
M-N
4s_—.^1952
conv
Commonwealth Edisoh Co-*
"
*106
mrnZm
.1977
Columbus & Tol
,
'-'■'■mrnm
*
91%
'
i
Columbia Gas & Elec 3y8s debs.,.1071
Columbus Sc H V 1st extl gold 4s„1948
Columbus & Sou Ohio El-3y4S_.
1970
96%
86
'V"
88%
J
1st s f 4%s series C
f
100
8774
.
114V2
'
98
78%
..1994
-
Colorado Sc Southern Ry—
4%s (stamped modified)—.:
103 %
98%
1955*
cons M
99%'
7
tABoston Sc N Y Air L 1st 4s
i Buffalo Niagara El 1st mtge 2%s.1975
}, Buffalo Rochester Sc Pgh Ry—
:
Stamped modified
(interest at
;
98%
'
20
*92
102
--
A-O
.—1951
Series C
7
103%
*101
J-J
m-n
129
100%
99%
112%
8
-
99
77%
F-A
.——1950
Cleve Short Line 1st gtd 4y2s_,
^1961
Cleve Union Term gtd 5%s^.U^—1972
98%
14
98%
A-O
1900
July 1970
'
103% 103 %
M-n
1961
-V
Wab
L
1st
128
18
21
46
114%
1
1952
impt 4%s series" E._
Cleveland Sc
,98% 100'
98%
&
Cleveland
89
06 *
102'/8 103%
98%
General gold 4s_
General 5s series
Cin
*
95%
1
,
112 »/8
84%
78
r
J-J
lASecured 4V29 series
:st
—■
129
98%
102%
M-n
1967
1955
-
91%
2
*100
A-O
1976
1st gold 4%s series JJ
1st mtge 4s series RR
79
-
99
■;
1970
1st M 6s series II
1
1
'
92%
.92
11
3
84%
r
Apr
J-J
Ref
80%
92
?0%
A-O
.
ser I
ser J_.
Boston & Maine 1st 5s A C
Bklyn Union Gas
.
(61%
.
114
37
Cleve Cin Chic & St Louis Ry—
73%'
44
49%
BWyn Edison
a
73%
63%
J-J
1961
AInc mtge 4%s ser A
:
62
93
%
124
—
•
57%
Apr
City Ice & Fuel 2%s debs a———-1966
City Investing Co 4s debs'......—1961
>
1
1951
Beneficial Indus Loan
|
j
V
47
J-J
4s stamped
1951
Beech Creek Extension 1st
3y2S——1951
Bell Telephone of Pa 5s series C
1960
;
105%
2044
1st mtge gtd 3%s series R_.
1st mtge 2%s ser G
84%
62%
..
,
••
72
47
M-N
S'west Div 1st M (int at 3%%
Jan 1 1947) due
1950
;
Toledo Cin Div ref 4s A
1959
Bangor & Aroostook RR—
.-;•••
,
;
l'
63
.
j
_
J-J
Cine Gas & Elec 1st mtge 2%s——1975
Cincinnati Union Terminal—
'•... >
74
'
.
System— 1
Ref gold 4s extended to
1951
Ref
94
iADebentures 5s part paid_+_—1957
tAChoctaw Ok & Gulf cons 5s——1952
101
61%
;'-y "'-v.
3-D
101
;\w.
62 %
124
—
25
87
46%
39%
1st Sc ref 4%s series D_,
:1962
tlAChilds Co deb 5s part paid____1943
Pgh L E & West Va
"f
1
Jan
1st mtge 3V»s series F_
1st mtge 2%s ser G
-
A-O
__
42
85%
87
64
J-J
Jan 1 2019
ser A
B
ser
Chic ,& West Indiana
mt&8 Kold 4s
July 1948
Stamped modified bonds—
1st mtge gold
(int at 4% to
130
138% 138%
'
46%
1,
J-J
Chicago Terre Haute Sc S'eastern Ry>
■1st & ref M 2%-4%s
.1994
Baltimore Sc Ohio RR—
,
126 %
—
28
*84
mm'Z.
1956
Memphis Div 1st gold 4s.
109%,
■35%" 41'
38%
*
107%
36%
35%
138%
.
2003
Income 2%-4%s
Chicago Union Station—
'!
i.
'
1994
ser
....
22%
J-J
143
107
105%
•
Sc Pac RR—
AQonv gold 4%s.
I960
Chicago St L Sc New Orleans 5s.._i95l
'Gold 3%S
1951
;
107%
v
'
105%
>
140%
.105%
6
■
11?
I
__
1
104%-
15
,
102 y8102%
3-3
1983
AGeneral 4s
1988
ACertKlcatea of deposit^...!..
lARefundlng gold 4s_—1
1934
,
129. *132
116%
-106% 106%
51%
,
103%
'
Railways 1st 5s stpd
25% partial redemption
1927
^Chicago Rock Island Sc Pacific Ry—
'
*106%
106%
107%
-
; 45
.
—
—
114y«114%
*98%
—
J-J
1st mtge 3s ser B
*119% 119%
27
~
—
'
mm mm
M-N
2nd
106%
94
131 ¥4 132
_1993
;
Chicago & North Western Ry—
,
July 11995
48
-
143
114..
.
'
3-3
..1997
1985
4%s
IOOV2
119%-
>
143
40%
114%
'
F-A
1982
Gen
103%
97%
95%
,48
105% 106
114
F-A
1970
1988
A2d mtge 4%
*
113%
100
95%
107
W;
106% 106%
40%
IfAChicagb
„
107
107
*122•
'
Chic Milw
30
106%
105%
*128%'
F-A
.1977
....
Chicago Ind & Sou 50-year 4s
69
114% 115%
3-D
,
124% 433%
100% 103"%
99%
99%
;•
'
J-J
1958
I Chicago Ind Sc Louisville Ry—
A 1st mtge 4s inc ser A
'
100
49
101% 102%
99%
115
—
1st mortgage 3%s
101%
A-O
101% 10®
'
109*%
87
101%
F-A
,
i '
•
-1960
ZZZ
*old
Sc
19
1962
AAngio-chiiean Nitrate deb
Ann Arbor 1st
gold 4s
Atchison Topeka Sc Santa
Fe—
General 4s
Stamped
48
124% 125%
.1961
debentures
Atlanta
107% 108 vs
124%
J'J
Amer Tobacco Co deb 3s
3s
107%
v
106
104%
'108%
98%
M-S
-1986
debentures
106%
M-S
-.1975
I-
106% 106%
J.J
26
13
*102% 103%
—-
.
mtge lnc (ponv)_._
/
lst mtge. 3%s ear B
;
Chicsgp & Erie 1st gold 5s
Chicago Gt West 1st 4s series A
101%
100%
m-n
gtd 4s
40
36%
19
*—
Chicago Sc Eastern 111 RR—
104
4l
186% 107%
J-J
.1992
1st
J-D
104% 104%
26
26
*45
1965
General gold 4yas
17%*
-1947
abama Power 1st mtge 3%s
-1972
Albany & Susquehanna RR 4%s.
'
101% 101%
*100
13
.
31
104 V* 104%
.
.
F-A
;
1974
Sc Banking Co—
(partial redemption)-.1942
stamp
General 4s
-1967
104%
34%
86
124
series A
A Gen
u-s
37
;
Chicago Burlington Sc Quincy RR—•'
RAILROAD AND INDUSTRIAL COMPANIES
-1948
31
*27
to Aug 1 1949)-.
21%'
109%
75
64
RR
90
:
14
'27
108
10
38%
34%
J-J
gtd gold 4s_1949
2d consol gold 4s
t A Chicago Sc Alton RR ref 3s.
100
102*
'*
84%
1
'
,
"l"
75
35%
1987
Ref Sc impt mtge 3%s D.
Ref & impt M 3%s series E.
R & A Div 1st cons gold 4s
100%
95%
99
- -
84%
16
100
96
99%
100
100
J'J
—1984
96%
99%
66%
26
-
75
1987
Champion Paper Sc Fibre deb 3s
Chesapeake Sc Ohio Ry—
*130
_
ref
20%
99%
<=130
6s
Sc
(4 Y*%
17%
59%
'
registered
IA Central
26
16
16%
,'
10%.
.
21
100% 1001/3
1957
10%
8%
.
—
102%
12
37
..1987
Central N Y Power 3s
Central Pacific 1st ref
1st
m-n
M-N
109 Ve 109 Va
J-J
J-J
1987
I
A 58 registered
A General 4s
a4s
A-O
1961
Hng 1st gtd 4s
X A Central of N J gen gold 5s
V
*23
1966
lACent New
J-J
.
fghany & West 1st
81
67%
55
4-4%-4%g extl readjustment
A
74%
12%
911/4
1948
3%s
u
54%
50
1958
coH tr gold 4s
104%
9
($ bonds of 1937)—
dJ?°?,8 ElPr«»«
103%
30
85
*51
J-J
6s
A
10
62
60
assented
Coll trust 4s of
1907
Alabama Great Southern
105%
14%
91%
7s
3%s extl readjustment
AWarsaw (City) external 7«—
A4%s assented—
100%
F-A
1948
78
~8
14'%
1978
External conversion.-.
3/8-4% 4As extl conv
'
"
70%
105% 105%
104 j/4 104 V*
F-A
14%
(Kingdom)-—
External readjustment.
*—
4105%
A-O
13%
55
—
1962
AExternal sink fund
AExtemal sink fund
108%
F-A
1
i960
107
M-N
90
Sydney County Council 3y2s
A
Uruguay (Republic) extl 8s
3%s-4-4%%
108
72%
A-O
54
59
*52
*55
1962
extl
102%
2
A-O
—
1958
(Prov of)
69
104
1959
A-o
2012
extl
sec
High
-
108% 108%
1959
,1940
external
B
Low
103
M-S
1945
■■■■■"J
(Int reduced to 3.5%)
A 7s
January 1
No.
,ARef & gen 5%s series B
Stamped pursuant to Plan A
A8s secured
Range Since
Sold
F-A
_1965
Central Illinois Light 3%s
2.25%)
loan..
(Int reduced to 2%)
IA Secured s f 7s
A Silesia
Bonds
High
64%
Stamped pursuant to Plan A
Serbs Croats Sc
Thursday's
Bid St Asked
67-
Stamped pursuant to Plan A
(Int reduced
or
64
—
Stamped pursuant to Plan A
A 0s extl dollar
Sale Price
62
70
*55
1950
A 8s external
,t
Last
Period
4 A 1st mtge 5s
|ACcn8ol gold
f
(Int reduced to 2.5%),
■
Week's Range
Interest
Exchange
ARef
Stamped pursuant to Plan A
.
Stock
Can Pac Ry 4% deb stk
perpetual
Carolina Clinch & Ohio 4s
1965
Cart Sc Adir 1st gtd gold 4s...
1981
36
42
61
61
York
Low
i
'/
•37%
*30
J-J
;__1930
'•}■
36
50
J/I.M'
2012
IA San Paulo
38
82
*32
*37
m-n
1957
New
i
High
i>
Stamped pursuant to Plan A
BONDS
I
38
2001
*
Thursday
January I
*
(Int reduced to 2.375%)
A6 Vas extl secured s f
-
J
Range Since
Sold
Bid & Asked
m-n
1952
RECORD
WEEK ENDING APRIL 4
FOR
Bonds
or
Low
BOND
YORK
NEW
Monday, April 7,194?
117%
119%
111% 112%
*103% 104'4
Dayton Pr Sc Lt Sst mtge 2%s
Dayton Union Ry 3 Vis series B
1975
Deere Sc Co. 2%s debs
1965
104%
1963
95%
;
Delaware Sc Hudson 4s extended
1965
^
*>103'/a
•—
104% 105
95%
96%
63%
'44%
.
Volume 165
Number 4583
-
THE COMMERCIAL &
NEW
YORK
FINANCIAL CHRONICLE
BOND
(1887)
31
RECORD
RANGE FOR WEEK ENDING APRIL 4
~
\.
Week's Range
Thursday
'
BONDS
New
York
Stock
Interest
Exchange
t
Period
Last
N
1st
&
ref
Western
M
5s
New
1973
Ac
Light 3s
M-N
1993
tr 4-6SPower
York
Stock
Last
Period
Exchange
Sale Price
M-N
'
A-0
108 %
83
1938
J-J
60
90
James Frankl & Clear 1st 4s
1959
J-J
62%'
62
5 A 1st consol 4s
•
58%
••
108
4%
4'
3%
95
58
1978
mtge 3-4s
1993
2018
w i
A wi
ser
Inc mtge 4%s
ser
Detroit Edison
4s
A
J-J
Gen Ac ref mtge 3Vis series
Gen Ac ref 3s series Jl_:
51%
Jf-8
105 %
105
105 %
J-J J
103%
103
103%
46
59
1990
A-O
88%
89'A
58%
58'A
59 Va
A-O
105%
M-S
G—1066
—1970
gold
4s
Ac Ironton RR 2%
*65%
'Tbm
■
—1961
60 Va
88%
89%
Kansas City Terminal Ry 2%s
57%
59%
Kentucky Central gold 4s
Kentucky & Ind Term 4%s
2.35s
Duquesne Light 1st M 3s
17
5
105%
5
—
V''
107%
*
109%
62% ; 66 Va
,
.
52%
7
21
105% 106%
HOV2
92
104
^.-1975
A-0
......
J-J
1961
J-J
*53
J-J
—.—1961
*112%
—1961
i-1997
J-J
Plain
;
4%s unguaranteed
—
Kings County El L Ac P 6s—
(AKreuger Ac Toll 5s ctfs
107
M-N
*121
J-J
*155Vb
105%
1965
A-O
1965
A-O
El
Ac S W
Paso
5s
1st 5s
stamped—
Erie Railroad
Gen
102 %
102%
180
186
104% 104%
19
-104 Va
105
2%
5
2%
L—m
2%
Jf-8
mtge 3 Vis
3Vis
1st cons mtge 3
1st cons 2s
Div
3
105%
115
••
106 Va
108
2
108%
108
*108
--
121
■_
105% 105%
IO8V2
..1997
J-D
J-D
*98
ser
1st
>
ser
Vis
E
ser
P
ser
J-J
2015
1964
1990
2000
series A
G
102
J-J
"
M-S
71
5
91
102
5s
102 Va
8
90
94%
....
92
*89
M-S
1971
stamped
&
15
*105
Firestone Tire & Rub 3s deb
1961
M-N
(Florida East Coast 1st 4Vis
1959
j-d
1974
M-S
A 1st Ac ref 5s
series a
A Certificates of
'
'
f
.
105Va
105
102 Vi 102 Vi
62%
5
60 Vi
1956
?
62%
60%
84%
—
Lehigh Valley N Y 4%s ext
104%
105%
100%
102%
-
60:,:
72%
60%
2
*105%*
65%
106
105
—
Y$5%
**.■
105%
Corp—
;
A 4s conv inc debs
i
,1969
Co 1st mtge 2%S.1965
Grays Point Term 1st gtd 5s
.1947
Goodrich
tt-8
79%
M-N
(B F)
102%
J-D
10
*101%
—
M
14
80Vi
79%
102 Vi 103
5S-_,—.1954
^1950
82
General
5Vis
General
5s
series B
series
C
115% 115%
132%
1973
13
115%
3
131
101%
86%
87
85 Va
87
V4
87
84
100%
100 Va
n
L—; 'b-
84
25
0:1 (f-i
87
9
''67
76
126 Vi
-
...2003
—2003
2003
—2003
Louisville Ac Nashirllle RR—
Ac
ref M
Ac
69%
69%
J-J
72 ,f:
72
73
U-1X
37%
37%
37%
39
37%
M-N
-
42%
42%
43
-
-
ir-N
:
46
21
70%
82
168
37'%
42%
35 Va
39%
41 %
457/b
W
38
43
25
46
aw
48%
46
'
30
41
*__
"
52%
2
74
80
128
128
6
128
128
114
114
2
113%
116
<74
A-O
128
A-O
A-O
'75%
:
•:
M-N
MS
-
-
i
103% 103%
104%
103%
104
,103%
104
2
113%
115%
;
104% 105
:
10
113% 113%
11
104%
105 %
<
106% 107
F-A
20
103% 103%
MS
MS
4
106%
107 %
V 107
108% 108%
A-O
96%
96%
A-O
3
97 :v
MS
MS
*111% 114
129
'
103 %
...
112
111%
*•—
!
98'A
96%
;
T : --102
*._-'/'10 2
:
108%'"
"
ref M 2%s ser
Va
*118
^
—2003
G—.—.—2003
St Louis Div 2d gold 3s
..—1980
Atl Knox Ac Cine Div 4s
—.1955
3%s series F
1st
1st
69%
t-A
•
r
.
132 %
6
; /
stamped modified
1—2003 >
Lehigh Valley Terminal Ry ext 5s_1951
<■
Lexington :& Eastern Ry 1st 5s.Jw.i965 •
Liggett & Myers Tobacco 5s
1951
Little Miami gen 4s series A——1962
Long Island unified 4s—l
..1949
Guaranteed ref gold 4s
—1949
4s stamped
...
——1949
Lorillard <P>- Co deb 5s—•—1——1951
3s debentures
—*.
—1963
Louisvfllc Gas 0c Elec 3%s
1966
117%
132 Vi 132%
J-j
1952
-
;
.
4%s registered
Great Northern Ry Co-
y\
1017/a
100
..
100%
*84
5s
102% 103%
101% 101%
—
F-A
>
88
79
*100%
1974
stamped
Leh Val Harbor Term gtd
.
J-D
1964
100%
100% 101%
*101% 102
86%
86%
loi V\
86%
lOOVa
*105% 107%
M-N
/-A
.1954
—.
105 Va
33
99 Va
98
4
80
*99
.1964
stamped
1974
1st & "ref sink fund 5s—.L—*
99%
3
60%
Gas Ac Elec of Berg Co cons 5S—-.1941
General Realty Ac Utilities
L
105 Vb
deposit
Francisco Sugar coll trust 6s
f
1954
105%
—
A-0
5s
5s
103%
"100 Ve
—
94
89 Vb
99 Va
99%
81
99
79%
DM.
.1970
————
Lfehigh ,Vklley RR—
4s stamped modified
4s registered
4%s stamped modified
i
.1975
1st & ref sink fund 5s..
113
39
73
102'/a
90 %
J-J
1953
H
mtge 3Vis_,
72 Va
72'A
A-0
r.
*
income reg_
Lehigh Coal & Navigation Co—
S F mtge 3Vis ser A
Lehigh Valley Coal Co—
112%
111
—
4
100% 100%
..1997
1st & ref sink fund 5s
1st cons mtge
Ohio
120%
~
,
Va
3%
107%
Co—
inc 4Vis
mtge
1st cons
M-S
122
112%
_
Alst mtge
1995
1970
198
11'2%
—
*186'
104%
A-O
68%
59
60
*100% 101
A-0
1964
1959
Koppers Co 1st mtge 3s
*122% 125
3%s registered—
Lautaro Nitrate Co Ltd—
1956
1st cons gold 5s
Elgin Joliet & East Ry 3Vis
122
*107
J-J
105
104%
122
A-O
1974
1987
——....v...>j^.l961
.
104%
103 Va
104
53
104% 105
104%
36
•
Ed El 111 (NY)
105
104 Vb
__
101 Va
'; 31%
'
*104%
84%
100 %
5
16
54
104
t: 5;
33%
East Tenn Va Ac Ga Div 1st 5s
104
104%
*104
A-O
Lake Sh Ac Mich Sou gold 3%s.
E
102%
*101
J-D
1950
City Power & Light 2%s_—1'970
Stamped
108%
■
:
108%
106 Va
;
92 %
33%
105%
-
104
101
101
33%
M-N
1965
68
109 Va
92
J-J
J-J
Chemical
67
109
'
MS
B—1976
(SADul Sou Shore Ac Atl gold 58—1937
Dow
51%
Kansas City Southern Ry 1st 3s
1st mtge 4s sbr A
t
1-
110
*109
M-N
.1961
ser
—
J-D
1095
—
Detroit Term Ac Tunnel 4Vis
Det Tol
Kansas
8%
*108% 108 %
J-D
Second
8%
108% 108%
108%
J-D
Detroit Ac Mackinac 1st lien gold 4s_1995
A
3%
105%
105 74
105'A
K
3%
<
93
103
68 Va
24
54 Vb
88%
V-
Apr
1965
series P
52 VA
A-O
High
82%
1976
1961
Jersey Central Pow & St 2%s
133
4
Low
2
66%
10
4%,!:' :X>
3%
January 1
22
85
109%
*
ARef Ac impt 5s series B
1st
*'
F-A
1955
Range Since
Sold
62%
,,53%
28
%' 63
F-A
f 5s
s
A Assented
82%
83%
J-D
Bonds
No.
High
Kanawha Ac Mich 1st gtd gold 4«
53
53
61% V
60
5 A Consol gold 4%s
1936
(Denver Ac Rio Grande Western RR—
General
or
Jones Ac Laughlin Steel 3 Vis
4
59%
59%
1'08% 109%
59%
May 12042
1973
6
56 Va
56 Vb
—
bb
83%
83%
(Denver Ac Rio Grande RR—
A
Week's Range
Thursday's
Bid & Asked
Thursday
Interest
BONDS
High
div
C
ser
mtge due
Morris & Essex division
Coll
Low
Low
Alncome
Delaware
January 1
High
No.
Lack Ac West RR Co—
Lack Ac
Y
Range Since
Sold
Bid & Asked
Low
Delaware,
Bonds
Thursday's
or
;
Sale Price
"
■f
>1976
j -J
Gen mtge 3Vis ser N
Gen mtge 3 Vis ser O
Gen mtge 2%s ser P
Gen
128% 128%
J-J
1990
128%
j -J
1977
General 4Vis series D—
4Vis series E_
|
2000
105 U
102
104%
5
104%
103
101
104%
103
J-J
98%
98 %
9
98%
96%
Q
2010
J- J
90
90
12
89
Gen mtge 2Vis ser R
1961
J-J
97
97
1
97
99
Feb
*63
81
62
64
mtge 2%s
ser
M
106%
15
__
104
J-J
1982
*105%
104%
91
/
1960
J-D
J-D
99%
Bay & West deb ctfB A
J-D
A Debentures
ctfs
B——
.....
Greyhound Corp 3s debs
<.
■
■
7%
102%
104%
1966
2%s^l974
Metrop Wat Sew & Drain 5%s
1950
(§AMet West Side El (Chic) 4s__1938
101
103
Michigan
25
8
104
104
104
a-0
—1959
Gulf Mobile Ac Ohio 4s series B
Gen mtge inc 5s series A
•
Feb
*102% 104%
j -J
2018
1st & ref 3%s series D_
.—-—1969
Gen mtge inc 4s ser B w i
2044
Gulf States Util 1st M 2%s
1976
7%
10
j-j
1975
79 %
100%
79%
79%
*100
A-0
66
66%
78
9
99%
1st mtge 3s
72%
100%
5
101%
Metropolitan Edison 1st mtge
1st
jlf-s
*101%
J-J
*139%
100%
102%
139%
139%
MIssouri-Kansas^Texas
86%
Household Finance Corp 2%s—.1970
J-J
Hudson Coal
89%
100%
J-D
1st s f 5s series A—1962
Hudson Co Gas 1st gold 5s_
1949
Hudson & Manhattan 1st 5s A.
1957
AAdJ income 5s
102%
86 Vi
103
109
18%
A-O
63%
18%
70
19%
18%
53
23%
5s
RR—
A General
Alst
&
4s
1967
1975
F——.—-.1977
G
1978
gold 5%s
1949
Alst Ac ref gold 5s series H;
1980
A 1st Ac ref 5s series I
....1981
A Conv
Illinois Bell
v
Illinois
Telep 2%s series A—1981
Central
RR—
1st gold 3%«
Extended 1st gold 3 Vis
1st
gold 3s,jBterling—
.
.
'
J- j
—^1951'
1951
,.....
Purchased lines 3 Vis_.
Refunding 5s..
40-year 4%»i.
Cairo
81%
108%
Gold 3%s_
Springfield Div 1st gold 3 Vis_—1951
Western
Lines
Registered
1st
gold 4s
1951
100%
100%
102
100%:
104%
j-j
/*y<
.."—
103
*100%
98
>103%
102% 103%
—
94%
93%
95
110% 110%
109%
111
56
J-J
94%
V4
55
J-D
87%
55%
88%
76
t,;
67
F-A
MS
77%
25 Vb
77%
77%
78'/a
78%.
77%
V
100
97%
97,:
&
.
: 101%
103
99
j-d
94%
1963
j-d
89%
1950
94%
.
J-D
98%
99
89%
92%
44
84
J-J
85%
101
101
J-J,
--
i'o3
.101%
Newark
Consol Gas
oons
6s—.—1948
gtd 5s——1945
gtd 4»—..
11
1945
101%
91%
98%
85%
92 Vi
"
6
82%
85%
20
98%
101%
99%
101%
,a
^
*101% 104%
England Tel Ac Tel 5s A
—1952
1st gtd 4%s. series B-,
1961
N J Junction RR gtd 1st 4s_1986
New Jersey P Ac L 1st mtge 3s
1974
New
,
-
J-D
96%
87%
a——i.1983
& imp 4%s
.1952
1st gtd 4s——.1953
New Orleans Great Nor 5s
N O Ac N E 1st ref
—1986
100
r
*101
M-N
85
v,
106
lOOVa
103
1
102%
103%
25
57 Va
63
68
72%
'■
■U.
>'■
30
:r
61%
y
68/
;'99Va " 101 Ve
y
100%
100%
•
98
New Orleans Term
(New Orleans Texas Ac
F-A
*98%
J-D
A-O
104
106 Vb
75
76
16
7
108% 108%
124
.
*
124%
7
*
105%
,
84
81%
109%
123% 124%
108
109
w-102% 105
;v
*102%
'
;
110
*108%
J-J
:
73
108
14
124
'
f V1
MS
J-J
76%
^
J-D
J-J
<105% 106 Va
76
J-J
104 %
106 Va
*
lOO^ii/101
<
75
<
J-J
F-A
5
*105%
J-D
103%
105
20
101
Jf-N
M-N
97%. 99%
99%
104 %
106
105 Vb 105
Vb
.
104% 106
106%,
104%
*104% 105%,
'A tlnternational Great Northern RR—
AlBt
'
v
,
6s
series
A
—1952
J-J
AAdjustment 6s series A—July 1952
Alst 5s series B
1956
Alst gold 5s series C_. . .1956
J-J
*■: lAinternat
.
Hydro El deb 6s
Int Rys Cent Amer
1st 5s B
International Tel Ac Tel 4%s
For footnotes see page 33
A-O
1972.
Jf-N
—'—1952
58 Vi
28
55%'
65%
21%
22%
26
21%
54%
10
51
30
59%
(ANon-cum "inc 5s series
54%
21%
J-J
1944
Mexico Ry—
a
1935
58
A-O
59%
Alst
*50
■
104%
56
52
103% 105
.
*101%
—
233
"TOOa? loo??
'2
103
100%
101%
5s
series B
ACertificates
105
99%
..
99%
ACertificates of deposit
-
1
—1954
A-0
*78%
*76%
*88
V
89%
93
of deposit——j.—
Alst 5s series C
1958
ACertificates of deposit——
:
F-A
A
y.
88%
87
"
78%
86%
78%
85%
92 Va
84 Va
90
87%
92
78%
83%
To
,
-
78
69
105%
w.
100/
68%
64
MS
-
•
32
84%
150
•';
■:
V'
'
'
N
Nashville Chattanooga. Ac st Louia—
1st mtge 3s ser B__
4—1966
National Dairy Products;2%s debs.1970
National Steel 1st Mtge 3s
1965
(ANaugatuck RR 1st gold 48—1954
(A Consol
1963
100
57%
69
84%
21
100%
60
71
64%
57%
85
'
39%
75%
75 Va
55
.
64
J-D
■M-N
M-N
r
■/.
30
5
102"% 1027/a
102%
,
131
71
*100
J-J
M-N
29 Va
74%
164
111
—
69
V
Hi v
KANew England RR
1st ref mtge 4s ser D
1963
Illinois Terminal Ry 4s ser A—1970
Indianapolis Union Ry Co—
Ref & imp 2Vis ser C.,
—1955
Mountain States Tel Ac Tel 2%s_..1980
Mutual Fuel Gas 1st gtd 58——1947
Constr M '4% s series
69
*106
:
85
75
24 V2
F-A
82 Va
22
77%
'
85% " '
86% <7
30
77'A
)MS
%
?
69
'
77%
29%
24%
,
96
76,.,
14
3
M-N
F-A
88
19
■
M-N
A-O
05%;,.
*
78%
31%
77%' 78%
77'A 78%
30
MS
86%
78 s;;.
66. '
x66
77 Ve
;
:
-
49
72
78% .79
b
A-0
97
68%
62
.90v2
76%
90-'
76
J-J
t
94
94%
53%
87%
<
__
J-J
49
56
56
ATO
100
'
'
1st gold 4s.
•
26%
—
*90
100% 100 %
103
•
(John) Ac Co 3s debs_——1958
Morris Ac Essex 1st gtd 3%»
.2000
Constr M Ss teries a1955
106 %
102 Vb
21
108%
*101 "V-vzj
Y.F-A
Montreal Tramways
Morrell
84%
-78%
...108
*98% 102
*101
1st Ac ref 4Vis series C
Ind 111 Ac Iowa
*97.%
101%
i
? i" 97 jv
97%
j-j "
...
ni Cent and Chic St L 8s N O—
.Joint 1st ref 5s series A——
,
i
71:
96%
99%
97%
j-J
:
1051
—
101%
>99%
/i'-V.Qli
98 Vi
*98
;
98
bold 4s._-1991
B
1960
5s ext.
.1951
Moh'k Ac Malone 1st gtd
Monongahela Ry 3%s series
•
8
11
*—
97%
v:<.
•v
27
81%
j-j
F -A
'
82%
108% 108%
j-j
.
30
103% 104/
103%
F- a
4
23
t3
95%' 97%
95%
M-N
Omaha Div 1st gold 3s__——QJ1951
St Louis Div Ac Term gold 3s—.1951
i
•,ap«
i
101%" 101%
j-d
Litchfield Div 1st gold 3s
—1951
Louisville Div & Term gold 3Vis_1953
I
"l99^100 i-
100% 100%':
1950
102
.71
"'-
—,^..,;1968
Bridge gold 4s
;■
H 100
v
JrJ'
m-n
102
d-'-fei
/
M-N
>
iw^..i?..'-1955
:
"—
4
:_
*101%,;
•
—
A-O'
1955;
..1952
*
M-S
Collateral trust gold- 4sAiJt—t—1953
/^.
102% 105%
/
■
/
TioWmvS.
"
A-O
'
1061
102
102
—
j-j
Collateral trust gold 4s_.———1952
< v -Refunding •>. 48.^^.——^——
.
11
104% 104%
105%
10
'
lstgold4s.:..^i....->..-.^—1951
.
104%",
J-J
103%
103
—
106'/a
MS
J-J
ref 5s series
Alst Ac ref 5s series
.
J-J
.—1978
adjust 5s series A—Jan
A Cum
93
J-J
1962
(Missouri Pacific RR Co^A 1st & ref 5s series a—..—.—1065
102
90%
24%
*22
F-A
1962
series a
40-year 4s series B—
Prior lien 4%s series D
109%
109 i
80
lien
Prior
86 Vi
79
1
,
59%
58
59
5
81%
80%
81%
F- a
25
101 Vi 101 Vi
101 Vi
M-N
Feb 1957
—
—
*80
M-N
Marie—
Jan 1971
Jan 1991
1990
99 %
101
106 Va
M-N
mtge 4s inc ser A
Mo Kansas Sc Texas 1st 4s
A Gen
71%
1
5
A-0
MS
4%s inc ser A
1st mtge
Hackensack Water 1st mtge 2B/«S—1970
Hocking Valley Ry 1st 4%s
1999
(lAHousatonic Ry cons gold 5s
1937
*103%
M-N
1952
4%s series C
1979
Michigan Cons Gas 1st mtge 3%s_1969
(SAMidland of N J 1st ext 5s
1940
77%
9
76'a
99%
; 93
*72% 100
M-N
1951
L
gold 3%s
Ref & impt
Minn St Paul Ac Sault Ste
H
99%
93
M-N
Central—
Jack Lans & Sag 3%s
"86%
101%
61%
59
68
101 % 101 %
M-N
A
1st mtge Ac
Mead Corp
A Green
76%
76%
coll 4s ser B
1954
Manati Sugar 4s sink fund__Feb 11957
AManila RR (Southern Lines) 4s__1959
Maine Central RR 4%s ser
■
'
>
(*
THE COMMERCIAL & FINANCIAL CHRONICLE
(1888)
32
YORK
NEW
RANGE
New
u
Exchange
Stock
Period-
'<
Last
or
Sale Price
1st
A
4 %s
Low
Certificates
A let
5%s
lbftA
D
series
of
deposit
of
P-i
84
2
*
mtge
97%
Gen
mtge 5s series B
91%
95
Gen mtge 3%s ser E
104
71%
81%
Plttsb Coke
77%
123
75
82%
Pittsburgh
67
126
83%
92%
91%
92
10
90%
98
88%
88%
7
88%
94
75
1
73%
73 >
.71%
81%
Pitts & W Va 1st 4%s serlea
74%
»
71%
72
71%
lmpt 4%s series A
Ref & lmpt 5s series C
H Y Cent As Hud River 3%S
3 %s
registered
2013
—2013
A-O
76
76
A-O
84%
84%
91%
75
75
■
'
-
73
Ref
St
1997
J-J
1997
1998
J-J
1998
r-a
gold 3%s_..——1998
3%s registered
1998
New York Chicago & St Louis—
-i r-A
72
r-A
"58
Lake
Shore
coll
gold 3%s
3%s registered
Mich Cent coll
'
Ref
3 Vis ser
mtge
r-A
—1986
P
ser
Y
N
lien
ref 3 Vis
&
Purchase
Mtge
Mtge
N
St
*102
*
if*
I
3-J
♦107
:
*107
."
106
Range Since
Sold
January 1
Low
No.
114%
-
31
114
10
-
High
f;
125%
115
'."A
72%
5
M-M
80
80
5
m
80
;
195T
Terminal 4s_—_—1956
El Ac Oas 3%*——1960
4 A Providence
Public Service
1st
St
ret
mtge
St
ret
mtge
3s——1971
5s___
...—2007
1st
St
rat
mtge
0s
■■
no
72
1977
Vis
1st
.
72
1964
1966
5%
1st mortgage 3
•
l'-'/
mm-
■
107
'
__
M-X
Co
t A Providence Securities 4s—
»•••■; "-V
112%
"*110
1973
...1963
1974
.1977
Inc debPotomac El Pwr 1st M 3 Vis
105%
1
V-.
1st 4* Btr A—1940
5s series C
4%s series D_^
APittston
107
105
■'
1st
80
'
127%
11
99%
M-M
102% 103
11
102%
103
W
101
1
100 Va
101%
104%
105%
104 Vi
105
101
*105
1st gen
1st gen
103%
115Vi
99% 101
99%
*105
•
105%
„1973
4%s series B
Bonds
High
115
A-O
J-D
'
103 «■-
106%
f
'■
l-O
J-D
97%
10213
V'-
" "
-yj
Pitta Young At Ash
1st gen 5* series
101%
10434
..
debenture*
1950
—1950
A
1960
mtge 4%a series B.—-—IA89
mtge 4%s series C
——1960
1st
101%
.101'A
-V-
.
jit—',.,f.'y-T"*-'■
•103
J-J
—2043
A
series
4s
«e—
3 %s
5s series A
1st mtge 4%s series B
93'/a
4
155%
:v 'A
114
J-D
Pitts Steel 1st mtge 4%s
99%
'i
17
102%
*95
j.949
B
West
A-O
3-D
;
77 £
96%
93%
102%
A-O
2000/
______—2043
A_.
series
series
4s
4s
Lack
Y
23
99% 100%
102
102
'
gold 5s—1948
gold 3%s
97%
1966
E
series
gold 4s
money
if N Y St Harlem
..
1965
3%s series D
Edison
1st
N Y Gas El Lt H St Pow
*10
72
*92%
r-A
«...
__
73%
97
A-O
3s
mtge
Y
N
97%
A-O
Connecting RR 27/»s ser B—1918
Y Dock 1st gold 4s
-—1951
1st
N
75
J-D
1980
E
Thursday's
Bid A Asked
72%
/-A
4s
1970
1979
1971
St Chem let mtge 2 Vis_ 1964
Consolidation Coal—
>
Gen
92%
.—2998
RR
or
Pgh Cine Chicago St St Louis RR—
6
95%
series A
Central
Exchange
Sale Priee
Low
89
__
94
"93%
a—;—
Y
83%
...
York^' Stock
Week's Range
Last
Period
High
«}_••"'
93%
i"C
deposit
N
New
Low
Interest
"
BONDS
January 1
No.
84
87
Range Since
Sold
High
"83
—
—
.1954
A
series
A Certificates
RECORD
ENDING APRIL 4
Thursday
Bonds
Thursday's
Bid A Asked
Orleans—Continued
-
i
York
BOND
WEEK
Week's Range
Thursday
Interest
BONDS
New
FOR
Monday, April 7, 1947
•
'•
•»'
-
__
'
".-v
J-D
A-O
*80'/a
*80%
84
A-O
*80Vi
mm'
87
837/a
90
•
"
mm
$2
84 ?
•'
"
1037/a
91%
91%
84
-
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J-D
r-A
"II
J-D
"120
J-D
"llSVa
J-J
127
b)
' '. *'
mm
•
■—
4
"107%
__
100%
99
107
107%
•
15%
17%
M-M,
»
>
♦110
M-X
•108% 109%
J-J
109%
163
164
108 Va
162
164
102%
20
••-
110%
108 Va
■
103%
J-D
J-J
17
105%
J-J
.1904
'
mm
•111%.-—
.
M-X
2037
mmm
mm
J
■
-
100% 100%
J-J
r-A
103
103
85%
IN Y New Haven St Hartford RR—
ANon-conv
deb
4s
ANon-conv
rtph
*>
A
*-■
"36%
42%
i0"7
MS
*33%
40
Non-cony deb 3%s_
ANon-conv
ueo
—1954
*t>
t A Collateral
trust
A
6s
River
St
Port
36%
22
36
34
35
14
34
41%
41%
42
24
41
51:
A-O
69
76%
*68
M-X
15%
15%
167/a
39%
39%
40%
J-D
A-O
103
15%
39
7
102
104%
11
13
10%
4%
5%
17
102%
104 Va
2
68%
10%
*4%
103%
47/a
103% 103%
68%
68 Va
M-lf
*
1963
J-J
106% 106%
J-J
*39
40
r-A
*__
15
15
77
1st
1937
1940
gold
5s__
.1943
1st 4%S
West St Bost
1946
M-X
"85
__
33%
2
11 i;
93
'mm-
__
AGen
mtge 5s conv
inc
A-O
17
39
1
108%
A-O
135%
•
Northern
States
(Minn)
Power
103%
103%
103
U-M
102%
19
70%
1975
2%s
7
95%
guaranteed
1st
3
100%
103%
101%
103'/a
47
100%
103 %
1
A-O
*102% 104
103% 103%
38
102%
105% 105%
1
105%
103
bond
inc
4s
AGen St ret
104%
106%
.—1975
A-O
102%
1975
r-A
A—1960
A-O
*
Gas St Electric 2%s
Oregon-Washington RR
3s
ser
14%
106% 107
105%
102% 102%
1st mtge
11
15% ;
19
"
J-D
J-D
1st &
ref M 3s series
L——1974
1st St ref M 3s series M
1979
1st St ret mtge 3s ser N
1977
1st St ret. 2%s ser
F—1981
■
Pacific
Tel
2%s
St
Tel
2%s
debs
J-D,
106%
1971
1941
1966
Pennsylvania
Gtd
;
4s
3s
f
s
trust ctfs
1952
debentures
M-X
48
sterl
Cons
stpd
A-O
1948
sinking fund 4Vis—-
General
4Vis series
General
5«
series
1960
r-A
1965
J-D
lQp;B
A
B
J-D
General
:
v
.<
4%s series D_.__——1981
mtge 4%s series E_
_1984
Gen
Cllv
Ge.i
deo
3Va8
»jtge
3 Vis
ser
Peoples Gas L St C
Peoria
St
Peoria
P®re
i
6a
Bait & Wash
RR Co—
.
& ref
1980
M-M
A
Certificates
pv.ni=n«!
p^t-ole"™
Pittsburg Bessemer &
Fgb Cini
Chicago
«t
Cons gtd
4s series F__
Cons gtd 4s series G
Cons gtd 4s series H„
■
1964
-
1949
91
100
95%
39
:
-v
1
__
•'-/
.
v
•
94%
101
65%
33
103%
101
-
'
75%
•39'
•
37
97%
98 %
99%
93
103%
102 Va
100%
99
—
107 Va
*108% 109 %
11
103% 103%
103 %
97
1961
5s—_—1994
1959
6s
.—1950
6%s—... 1959
gold 5s
1999
1st gold 4*
1951
1971
19**
—1972
97
96%
89
96%
86
95%
J-J
(N J) deb 2%*
104%
96
95%
95%
M-X
109%
102
99% 100 V*
99%
J-J
Corp 2%s debs
2%s
debs.
96%
50
102 %
95%
14
105 %
105% 106
105%
99%
98
95
100
106%
94%
91
91%
86%
34
86%
91
2
85%
89 Va
91%
122%
94%
93
*92
J-J
126%
126
126%
16
A-O
102 %
102
102%
53
A-O
116%
5
A-O
120
116% 116%
120%
120
128
101% 103%
113% 116'A
118%
120%
J-J
"120
121
115%
116%
J-J
105
105
_4
105
105%
103
103%
*45
50%
10
.
123
os
104%
105
99%
:
102
2
98%
99%
M-X
11
105% 105"%
103%
P-A
56%
47
106%
1/.
QQ%
103
10
101%
103
102%
■
-9
122>. 122
•
'107% 107%
1
22
_2019
C
2%s series D
55
101%
102 Va
127%
128%
ref M 3 Vis ser B—
.1970
ret M 3%s ser C—
-1990
A-O
St
gold 5s.
2000
Gen St ret M 3%s ser K___
.1985
Texas &
Pacific
1st
106 %
Texas Pacific-Missouri—
130
Third Ave Ry 1st ref 4s_.
122
126%
106%
108
.
~
102%
3%s_1974
—-I960
Tol St Ohio Cent ref St lmpt
3%s I960
Trenton Gas St Eleo 1st gold 5s
1949
Trl-Continental Corp 2%a debs—1961
102
103%
21
13
-
J-D
"103% 104 '
J-D
100
J-J
100
.
-
x63 %-
63%
A-O
43
103% 104%
103%
J-J
96
J-D
i;
132%
102%
104%
103
,
-104
100%
69 %
63
987/a
441
58 -i'
96 %
3
-
96
i
100%
70
100
104
MS
MS
"101Vi 102
105%
101%
101%
111
112%
103 4
"104%
104%
99
97
130 %
"132% 144
*
—Jan 1960
income 5s
106
107%
104%
104%
103 %
A Adj
1
99
1047a
106 Va
1051/4
28
-
.
..98%
,
2
••••■
102% 103 %
;
A-O
1st
106% 107
106%
7
106
106
A-O
U-M
1st &
•
•
130*
"129
J-J
1989
Texas St New Orleans RR—
104%
104% 104%
102
102
J-J
1969
101%
-
103
J-J
Terminal RR Assn of Bt Loula—
106
104%
105%
104%
4'
"103% .104%
J-J
J-D
M-X
['-l 10
104%
10%
10
12
9%
11%
104%
Union
100
1st mtge & coll tr 2%s
IJAUnion Elev Ry (Chic)
5
103%
100% 100%
■h 3
99%
"103
»—
116%
*—
"119%
v.«
"118
—
115%
115%
120
121%
Electric Co of Mo
3%s—-1971
-—1975
5s
1945
Union Oil of Calif 3s debs
1967
2%s debentures—
1970
121%
r-A
-
U
14%
9%
104% 104%
r-A
-
15
100 Va
Apr
101%
J-D
-
1st
Dlv
Ref & Imp
103%
-
1960
19%
94%
78%
83%
103% 1031/a
100
•
J-J
Ref St Imp M 4s ser
103%
-
1964
MS
1996
Texas Corp 3s deb
4
1953
1963
75
"126%
A-O
118%
14
1957
gtd 4Vis series I
104
105% 105%
r-A
gtd 4 Vis series J
99%
J-J
debs—1909
118%
■Ml': 19
tty—
Cons
page 33
103%
104% 105%
M
Cons
see
61
—
■•9%
L Erie 27/8S—1996
6t Louis
Cons gtd 3Vis series E
For footnotes
:
97%
99%
"65
F-4
1909
Pac Tenn RR of New Orl
107%
76%
"5
103 %
J-J
1950
130
/.103
U
deposit
?%s
113% 125 % £
ti
i
38
J-D
1937
gen
Swift & Co
M-X
M-X
1981
1st s f 4s
of
St
Div
Sunray OH
J-D
-
1974
1st it ref 2%si
1
j-j
106%
46
71
•106
'it
^
124
101A 101 &
j-j
100%
18%
118%
*69
104%
99%
68%
122%
105
94%
101 &
43
173
20
103%
120%
:
r-A
_1967
tiAPhilippine Ry
102%
3
107%
113% 114%
94%
130%
73%
72%
100
%
v,
130%
—
104
__
101
'
'
1971
2%sl
1st Sr. ref ?%s
102%
105 I,
»
r-A
1st & ref 2%s__
"1st
104%
9
102%102%
120% 121
1
.
100% 100%
A-O
2Vis ser G
Standard Oil
105
*102%
105%
—
97%
J-J
ASpokane Internat 1st gold 4%a—2013
Stand Oil of Calif 2%s deb*
1969
104%
103%
100
Philadelphia Electric Co—
'
V
44
Co—
RR
2%s ser E__—
mtge
St Louis
108
12
Apr
1961
_
'
120%
it-
104%
10
100%
11974
5s series B
—
—1974
General gold 4%s series
C_—1977
Philadelphia Co coll tr 4YaS
a
1'X- mm:
38
99%
A-O
Pacific
Devel St gen
64%
105% 106
106
u-M*
106%
103% 104
--
a-or
General
t
i05y2
26
"18%
M-X
Southwestern Bell Tel 2%*
107
__
104
1960
51%
107%
103% 105%
Apr 1990
St
61
•102%
103%
J-J
1st
Mem
62%
90.
42
r-A
J-D
Southern Ry 1st cons gold
Devel & gen 4s series A
Devel
106%
104
1947
4s
Pekin Dnlon Ry 5%s
Marquette Rv 3%s ser D
Phila
»
ref
1985
Eastern 4s ext
A Income
i
P—
106%
J-J
A-O
ibOA
—
104%
104%
A-O
.
1st mtge 2%s series F
101%
*107
A
M-X
M-X
1st mtge
■
__
79%
40"%
A-O
1969
1901
—
San Fran Term 1st 4s
Southern
'
A-O
May 11948
dollar
109
109%
60%
J-D
1965
Pennsylvania RR—
Consol
gold 4s
i"
62
Co—
series E
108%
104
1
86
"129%
1977
A_
(Oregon Lines)
4Vis
107
17
90
Co—
107
mm
'
A-O
1994
mtge
4%s
102
"105%
--
A-O
Pacific
Gold
20
105% 105%
91
88
■
•112
f-a
1979
debentures
Gold
3
102% 103V*
86
71
Southern, Bell Tel St Tel Co—
108%
15
•104
M-M
1960
Pennsylvania Glass Sand 3Vis—,_1960
Pennsylvania Power St Light Co—
1st mtge 3s
1975
.
102%
A-O
83
92
•106%
89
1962
2%s
107%
103
J-J
104%
102
91
40%
J-J
J-D
1971
1989
Oil
109%
108% 108%
108% 108%
103%
57 %
89
J-9
107%
6
92%
•'"47%
86%
90%
St Sons 2%s debs I960
Bocony-Vacuum
108%
-107% 108
■
103
J-D
1986
f gold 4%Sa—1955
Paterson & Passaic G & E cons
5s_1949
;
—
J-D
s
Pennsylvania-Central Airlines—
3 Vis conv inc debs
108
108 %
J-D
10
104
'
100
,86
"86%
J-J
1939
107
15
Va
104
104%
J-J
72%
100%
3
107% 107%
189
100%
South St Nor Ala RR gtd 5*,
1st 4%s
107% 107'/a
—w
107%
J-D
1985
debentures
Paducah 81 111 1st
■'
50%. :51%
F-A
105%
*108% 109%
J-D
1971
50%
J-J
102%
Southern
1970
278
i
,
102%
Gas
1966
*
88%
J-J
Southern Indiana Ry 1st
St Electric Co—
ref mtge 3%s series I
1st St ret mtge 3s series J_
1st St ret M 3s series K
'M
87%
2016
Skelly Oil 2%s debs
90
92
97
II
"99%
87%
J-9
MS
2% debentures
1st St
,
90
.1999
101
105% 106
105%
104%
84
84
J-J
J-J
Oil 2%s debs
Union
21
105%
105
105
MS
J-J
RR Co—
107%
3s
Pacific
11%
J-J
A-O
1952
4s ser A_
100 7/e
♦102 % 103
105%
11%
l§ASilesian-Am Corp coll tr 7s
16%
16%
11%
gold 5s series A
Beagram (Jos E)
MS
13 VM
-Nor 19"®
ctfs
Seaboard Air Line
Shell
j-j
52%
10
1990
gold 4S-1969
tSASt P & K C Sh L gtd 4Vis
1941
'Bt Paul Union Depot 3%s B
1971
Bcloto V & N E 1st gtd 4s
1909
107%
1948
44%
11
St Paul St Duluth 1st cons
104%
M-M
1974
3s__
2%s
mtge
Oklahoma
4s__
1st mtge
51%
"9
§ Aist term & unifying 5s_
10
103%
A 2d
101
JOgdensburg St Lake Champlaln Ry—
1st
51%
1909
2nd mtge 4Vis ser Ai_
"ISt Louis-Southwestern Ry—
1st 4s bond certificates—
o
A
•
MS
1997
2022
mtge 4s ser A
4Vis ser A
t A Seaboard All Fla 6s A ctfs
Ohio Edison
;
110
—
J-J
1999
1996
1951
AGen mtge
,
110
108%
*109%
MS
■
1st
72 Va
68
i
102% 103
(Wise). 1st mtge 3Yas—1964
mtge
109%
76%
103% 103%
J-J
f-a
1st
113%
75%
100%
J-J
1974
126%
105
Co—
1st mtge 2%s
109 %
"108% 110%
MS
MS
.1971
2d
gold 6s
fit L Rocky Mt & P 5s stpd
St. Louis-San Francisco Ry Co
136%
126%
109
76%
74%
!
128:
105
100
t43%
2
105
*74%
'
16
109% 110%
74%
73
58
MS
20%
128
—
105
Q"4>
28
114
109»
132%
—
128
109%
J-J ¥
.
Ref Ac lmpt 4%s series A——2047
Ref St impt 5s series C—
—2047
Ref St impt 54 series D—2047
"Coll trust 4%s
——1975
38
3
128%
•--
Q-Ji
Q-J
Q-F
registered———1997
Gen lien ry St Id gold 3s_—Jan 2047
'■>f -3s
registered.————2047
54
135% 135%
M-M
4s
'
40%
M-M
Northern Pacific Ry prior lien 48—1997
v
39%
62%
61
103
-
104%
■-'mm
15%
103
39%
61
A-O
99%
95%
103
12
1949
1941
Baguenay Power 3s ser A.
fit. Lawr St Adlr 1st gold 5s
2014
19
96
113% 113%
1934
1A Rut-Canadian 4s stpd
tf ARutland RR 4%s stamped
Norfolk Southern Ry Co—.
Norfolk St Western Ry 1st
gold 4s_1996
North Central gen St ref 5s
1974
Gen St ref 4y2s series A
1974
"104%
J-J
15%
'
16
M-M
1977
1967
1967
1969
mtge 4%s series D
mtge 3%S series H
3%s series 1
Gen mtge 3Vi* series J—
If AR I Ark St Louis 1st 4%S
40
•
95%
M-X
mm
109
16
J-J
3 %s________ 1966
Gen
Gen mtge
.
M-X
Elec Corp—
St
Gen
107
3
Gas
•
105.
106
35
r-A
2
Rochester
14
104
__
gold 5s
f A Terminal
Reading Co 1st St ref 3%a ser D—1999
Revere Copper St Brass 3%*.——1960
tiARlo Grande West 1st gold 48—1639
A 1st cons St coll trust 4s A
1949
47%
4%s.————1937/
Niagara Falls Power
R
20%
.
104
1965
Corp 1st 3 Vat
gold
60
...
103
103
,,
10%
M-M
1993
.tf AN Y Susq St W 1st ref 6s
I AGeneral
__
43%
42
Chester—
gtd 4s
N Y Queens El Lt & Pow 3%s
*ti A NY
70%
J-D
1927—1967
cons
103% 103%
43%
34%
N Y & Putnam
1st
Quaker Oat* 2%* deb.
-41%
J-J
MS
IA2d
/
81
M-X
■
;
36%
36
—1984
Steam
36
36
36
;
43:
41
34
J-J
1957
series of
1st 4s
Y
23
M-X
f AN y ont St West ref 48—June 1992
A General
4s————1955
N Y Power St Light 1st mtge 2%s_1975
N
34%
1940
4s
ref 4%s
t A Harlem
34
1956
*
&
36
37%
34%
__
1948
Conv deb 6s
Debenture
34%
.J-J
—1956
AMjenture certificates 3 Vis
A 1st
A-O
*000
ANon-conv deb 4s
A
*
—1947
Union Pacific
111% 111%
Jf-N
"102% 103%
A-O
"24%
J-J
104% 104V2
16
104%
105%
Va
35
102%
104%
17
1001?
10111
20
103 Va
106%
J-D
104 % 104
104%
RR—
*
1st &
118
118
'
2%s
Ref
.1947
2Vis
eerie*
r.
J-J
.1976
land grant is
debentures
mtge
34%
A-O
F-A
.1991
M-8
1001? 101
*.105
00i98,
105%
98
12
97
98%
r
THE COMMERCIAL, &' FINANCIAL CHRONICLE
4583
Volume' 165 * Number-
NEW
YORK
RANGE
Interest
Last
Period
BONDS
Sale Price
Exchange
Stock
York
or
Thursday
U 8
Rubber 2%s
A-O
1966
.--1976
del
Universal Picture* 3%s debs
99 %
4
"102
Low
103%
99%
100%
.16
-.
102'/a
New
York
Stock
100 Va
Western Union Telegraph Co—
Funding & real estate 4%s
-
102 Va
2%
Cons
s
r- a
series A—1955
>109-
•
U-N
1957
111
109
i-
debentures
109%
Gen
—
1st
ref intge
&
2%s
E
ser
Af-S
1975
104% 104%
MS
Va & Southwest let
J.J
1st
gold 5s__ 1949
gtd 6s
2003
5s-
cons
B—
ser
Jt-O
1958
i
Virginian Ry 3s
$1
M-N
—1995
104%
100%
&
%
"-»• 105% 106%
•
109
„
*105% 106
'
.-
103 %
100
111
,."109
ref
M
i
.
Gen
mtge inc 4y»s ser B
F-A
1971
G & W 2%s debs.1966
(Hiram)
Ward
Baking Co
(subordinated)-
i
5 Vie
.
debe
—;
i
100
90%
20
~C'*'}«
99% 100
96%
ioo
y
.-105'A 105%-
F-A
3%s—2000
"52%
.
105%
-
55
*100%
*102
J-D
*107
Penn
Western
194f
1950
1967
—
Power
3%s series I
J-J
1966
-L >>
100%
103
102
,
.-:
101'A
104
7
,.
105
69
1936
'21
Jf-N
105 %
105%
104 Va
3
117%
70%
31
117%
deposit
66
82%
66
66
21
21
19%
.*20'A
-
23%
19 '
19
2%s
1976
J-D
*100% 101%
100%
101%
Service
3%s
1971
J-J
*109
109
109
1976
J-J
100
'<• 100%
"V
•'*r •"" i)'
noo% 101%
;
106
v
109%
103
108%
in the year's range,
d Ex-interest,
e Odd-lot sale not
Under-the-rule sale not included in the year's range.
rCash sale
n
year's range.
yEx-coupon.
v.-
■■"
■
'
,
the
106
Bankruptcy Act,
or
being in bankruptcy, receivership, or reorganized under Section
securities assumed by such companies.
,
77 of
as
.
"Thursday's bid and asked prices;
A Bonds selling flat.
.;
200-
per
.
JCompanies reported
106%
101%
the
SNegotiability impaired by maturity.
fThe price represented is the dollar quotation
bonds. Accrued interest payable at the exchange rate of $4.8484.
109'A
104%
53
year's range,
in
pound unit of
107 %
25
V
delivery sale not Included
in the
included
not
113%
V
102'A 106
Deferred
included
60
106%
-105% 105%
Mas
a
101'A
113%
107%
*109
i A-0
Maryland. 1st 4s__;
1952
Pacific 4 Vis inc ser A.—2014
Western
—
J-J
72 Va
100
"5;
■
106%
Power
107%
53%
*113% 117
J-D
West
105
<
76 Va
65%
*117%
—
103
68
106
105% 105%
—
J-J
92%
100%
/-a;
mtge.3%s
6
.,101 % 101%
102%
99V8
Q-M
Gen
32
67%
94
84
99%
18
Westchester I-tg 5s stpd gtd
<
..
...
25'
Washington Terminal 2%s eer A—1970
•
i"-'
86 %
<-100'/e lOO'/e
A-O
1970
Washington Central Ry 1st 4e
;
101%
~2
,
69%
103
;
—,
Warren RR 1st ref gtd gold
17
91
J
86
*100Va 101%.
M-n
t
90%
,
86'A
■
;M-N
Walworth Co conv debentures 3 y«S-1970
•
90 Va
Apr
-1st mtge 3 V«s ser B
/ Walker
•
Aor
Jan 1981
Jan 1991
'
v
Public
101%
,
mtge 4s lnc ser A
Gen
Wisconsin
101 %
90
87
Yonkers Elec Lt & Power 2%s
W
Wabash RR Co—
Electric
69
66%
90%
76%
75
98
73
.
Wisconsin
,39
,
High
79%
*105
A-O
„
Low
85
.
102% 103
i
,
MS
1960
;r'liA Certificates of deposit
5ASu & Du div & term 1st 4s
of
102%
,69%
.,67%
M-S
1949
A Certificates
\
M-S
J-J
1958
90
*101% 102%
M-S
U A Wisconsin Central 1st 4s
106%
89
j-«t
}
1970
series C
89%
M-W
.
1992
A
January 1
No.
84%
1849
series
Range Since
Sold
89%
83%
Co 1st mortgage 3s
Winston-Salem S B 1st 4s
106
105%
87%
84%
1971
Wilson &
111
103
29
88%
MS
2361
RR 4s
2%s
Wheeling Steel 3%
10
V
"100
V
&
J-D
23»ii
____
Wheeling & Lake Erie
Jf-N
1851
.
Bonds
High
1951
6s
Registered
Virginia Electric At Power Co—
Va Iron Coal & Coke let
Thursday's
Bid & Asked
1950
West Shore 1st 4s guaranteed
g 4s
f 4s series B
or
i960
25-year gold
30-year ,5s
;
cons
Sale Price
Low
Westlnghouse El & Mfg2%s
Vandalia RR
Week's Range
Last
Period
Exchange
High
102%
-: >
Interest
BONDS
!January 1
No.
99% 100%
Af-S
1859
APRIL
Range Since
Sold
High
"102'A 103
Af-N
.
-
".3
RECORD
ENDING
Thursday
Bonds
s
Bid & Asked
Low
United Biscuit 2%e deb*.
BOND
WEEK
Week's Range
Thursday
New
FOR
(1889)
no
sales
transacted during current week.
being
'•
V
...
.;•
.
■
•
NEW YORK CURB EXCHANGE
WEEKLY
NOTICE—Cash
in
footnote
a
the
in
deferred
and
week
in
delivery sales
which
they
disregarded in the week's
are
No
occur.
is
account
taken
of
AND
such
YEARLY
RECORD
unless they are the only transactions of the week,
range
sales
in
computing
the
for the year.
range
'
and when selling outside the regular weekly range
,
•
.
are
shown
;:A
^
In the
following extensive list we furnish a comolete record of the transactions on the New York Curb Exchange for the week beginning on Saturday,
March 29, and ending the present Thursday, April 3
(Friday being Good Friday, and a holiday on the Exchange),, It is compiled from the daily reports of the
Curb Exchange itself, and is intended to include every
security, whether sto ck or bond, in which any dealings have occurred during the current year.
RANGE
FOR
WEEK
ENDING APRIL
4
Thursday
STOCKS—
New
York
Curb
Week's
Last
;
Bang*,
Sale Price
Exchange
Acme
Aluminum
Pat
Low
Acme
Wire
common
Co
Adaim Hat Stores Inc.
Aeronautical
,
Products
Inc
1-,-f
'
.
1
Aero
Supply Mfg class B
Shoe Stores
Ainsworth Mfg common
Associates Inc
Air
Investors
60c
convertible
8%
Mar
5%
Jan
Atlantic
Coast
9
Jan
12%
Feb
Atlantic
Coast Line
Jan
8
Mar
700
9
--
13%
13%
200
10%
10%
100
3
Atlas
Plywood
Automatic
Voting
3%
4Va
6%
x5%
87
5%
87
15
3% Mar
Feb
4%
Feb
Ayrshire Collieries
Corp
Great
Alabama
Power
Alaska
Southern
4.20%
Airlines
50
pfd
L.100
Inc
5%
Jan
9
Jan
6V4
Allied
85
-J.
5V4
(Mich)
conv
pfd
common
*'"
iu
common
$3.75 common preferred
Aluminum Goods Mfg
Aluminum
Industries
Aluminium
Ltd
•-
20 Va
182%
Jan
180
Bantam
American
Beverage
American
Book
Car
Co
1
American Cities
3%
1
common
Co
102%
600
Power &
1
American
Cyanamid Co common
10
American & Foreign Power warrants..
Fork & Hoe common
*
Feb
105 V*
Feb
.<
4% %
20 V2
Feb
24%
Feb
Beau-Brummel
195%
Feb
Beaunit
Jan
-
convertible
American
American
6%
preferred—.
preferred
Rubber Co
;
Laundry Mach
Light & Trac common
preferred
American
Metal
Products
Meter
American
com
Post
Products
lnc
Co
20
Am
rtpp rr.lR nrd reg
15 %
15 %
32
33 Va
22
23
"
20%
Common
6%
class
A
non-voting
-
10c
preferred
1%
Oil &
Associated
Associated
-
Associated
Atlanta
Tel
36
3o%
21%
—
Apr
31%
Feb
16%
Mar
Jan
Jan
19%
34
i Jan
Feb
Jan
:• 44
Jan
l,3uj
33
Jan
43%
Feb
19% Feb
23%
;
.
57
10,500
'
6%
1
Jan
•
'
__
1
"
-
4 %
8%
Jan
5%
73/a
177/a
17%
19.V4
Feb
9%
Jan
7%
Jan
1
"600
7V» Mar
100
6
'
Mar
/
'
16% Jan.
8%
400
'
*
-
-
1,800
-
15% Jan
s
4'/4
Jan
Feb
5%
*
—I
xll4%xll4%
5
5'A
10%
__
;7V2
5
>5%
10%
;:7V2
120
7j/4 Jan
5%
r
.
.
103/4
,
..
8%
British
4Vj
Jan
6
Feb
700
5%
■
Feb
11
Am
British
dep
B
Jan
11%
Apr
14%
1,800
10%
Jan
12
10 %
Feb
12%
11%
11%
12
11 %
11%
290
-1%
1%
300
9
575
-
'
Forman
Bruce
(EL)
Bruck
Silk
Burry
y
Butler
(§
ord reg———10s
A
—*
•
Distillers
———1
Co common
—1
24
•
Hill
(PH)
-*
2.50
Sullivan
common
rects
& Tel
reg
of America
•/ "„
class A_-
__
—9
& Coast RR Co pfdl^.100
For footnotes see page 37
—
?% (
5 >V:;
-
fCr'i—
i
1% Mar
4%
11%
24% Mar
•
3%
3%
12%e
—
25#
Jan
11%
Mar
11%
7
Feb
Jan
4
3%
Jan
55 Va
Jan
56%
Jan
11;
Mar
143/s
Jan
Jan
30%
Feb.
2,200
3%
•
9% Mar
...
250
8%
VJ4<
56
55%
56
.1'
400
11V«
11 Ve
11%>
200
26
27
600
50
50
100
127% 128
20
126
Jan
131%
120
28
Mar
37
Feb
Jan
31%
28
4%
22%
'
Jan
55
44% Mar
Jan
"
15'/4 Mar
17%
20%
21 Va
2,000
20Va Mar
223/4
Jan
153/4
■
20%
15%
;
16V4
500
15% Mar
20
Feb
•>
'
1
5
43/4
T'/4
4
Jan
25
Jan
2,400
•:!
8 !A v-
•
,
7% Mar
10O
<
■
4% Mar
Feb
22
Jan
26%
'
22
Jan
10 Va
<
•
Feb
Feb
4I/4
|
36
Mar
25
Jan
18 '
-Jan
21s/e
Jan
19'/a
—
50
21%
21%
Jan
23
—
33
'
Jan
20%
Feb
4
Feb
4%
Feb
26
4%-/
600
jl'
18 V*
8
Il8%
20%
8V4
8
y
2% Mar
Jan
71/8
500
27 % Mar
Feb
15%
3,400
Mar
2%
.
.T"1
9
Feb
47
Jan
26 V4
Feb
Feb
39
25
;
21%
Feb
*
11%
11%
183/4
"l'/4
53/8
13
1234
11%
183/4
200
1%
5%
2,300
5V» Mar
7
Feb
200
12% Mar
,r*j3
Jan
l'A
5'A
13
11%, Jan
300
Feb
Feb
13
3.300
183/s
Jan
19% Mar
Jan
1 Va
I
•
1 % Mar
Feb
11% Mar.
st/l.
Apr
Jan
Mar
<1%
,
Jan i i '/
Feb
2
22
,'<r
■'
"
£1
l_*
Feb
Feb
.
8%
-•
Line
&
23
35'/4
2,150
'
—•
Ltd
Corp Am dep rcts_
Biscuit Corp
Apr
Feb
.
Co common
Mills
Feb
180 V2
17%
2,100
"2V4
wmm
•'
..;
rets
Rubber
Bunker
23
*2.
23
"2
£1
-—xl
'
Jan
Jan
33/4
Feb
351/4
.
.
.
Feb
24%
23
Apr
167
50
*
—
Tobacco—
Columbia Power class
.Class
60
17%
a-<
Ltd—
191/4 Mar
Mar
Jan
111%
11%
1
8% Mar
7% Mar
17% Mai-
600
•-
168
17%
*
*
dep rects ord bearer
Celanese
15
Jan
Mar
114
10%
70
700
.
111% 113%
11%
Jan
Feb
,
*
American
British
Burma
Feb
Jan
Feb
100
7% •:/
167
•—
3
Aeronautical
Buckeye Pipe
Feb
114% Mar
Jan
4%
3,100
>
Jan
6%
1,100
5%
10%
xll2
500
•'
1
Mach Co com.*
'
'
114V4
•
7%
20%
1
*
common
new
Brown
,
4%
6% Mar
2%
100
Steel Fdy &
Brown
6% "
61/2
19%
5
75
19'A
common
Feb
Mar
17% Mar
1,400
18%
common
10% Feb
400
173/4
17%
.
Feb y,
150
6%
6%
6%
Feb
'
25,600
18
1%
A
Amer
Feb
9%
a
1% Jan
>
.
8%
8V2
-6Vt,
5 "
j
600
v
"53/8
5
17%
-1
Am dep rets ord reg
Feb
63
Apr
"5Ve
1
com
British-American Oil Co
/
Feb
1%
l'A Mar
57
:
1,400
8%
-8
.
^
-
:•
•
:5%
8Vs
__
1
1,600
-5Ve
8
?
59
7;
Bridgeport Gas Light .Co
Bridgeport Oil Co,
Brilio Mfg Co common
Class
a
Jan
5 Vb Mar a
1%
1
Feb
43
5,200
'
IIV4 Mar
1
1
Shoe Corp
Hedges
Brewster
Feb (
4V4
X Jan
35
—-
1%
24%
3V4 Mar
25
200
Industries—
Laundries
Birm
14%
15
y
Feb
373/4
Apr
Mar
200
•
:
10
dep
32
21
3,900
•
^_5
Light $7 preferred.*
2.50
Refining Co
1
Electric
American
Feb
3%
>
*
i.5
Equipment Corp
Ashland
17
Jan
»
Arkansas Power &
Aro
Ja%
17%
36
L_*
—1
common
Jan
51
28%
20%
,
Gas
49
200
36
—
?36%
1
Natural
Mar
13 V»
300
iitf.-.."
1
$3 optional convertible preferred—•
Blum
(Philip) & Co Inc—
1
Blumenthal (S) & Co
*
Bohack
(HC) Co common
*
7%
1st preferred
100
Borne. Scrymser Co
25
Bourjois Inc
*
Brazilian Traction Lgt & Pwr
•
Breeze Corp common.—
1
Jan
48% Mar
1,500
41% -42
>
Jan
11%
( Blue Ridge Corp common
Feb
16%
17 '
Birdsboro
Jan
450
Feb
2.50
Ties
Aircraft
&
Blauner's
Feb
3%
46
1,600
47 Vi
5
Inc
Bickford's Inc common
Jan
112%
28%
'3%
17%
39
.y 42%
"J 13
-V; 41% <42%
r
preferred
Berkey At Gay Furniture-——-
Jan
1%
.23
2% Mar
16
3%
2
Appalachian Elec Pwr 4%% pfd—100
Arkansas
54%
:>•
433/8
2£%
^
inc
Feb
Jan
Jan
100
—
900
Mar
Jan
37%
25
16
*
Apex-Elec Mfg Co new common
(A S)
Benson
Feb
7%
l'A Mar
400
22%
"
363/4 Mar
1
Bell Tel of Canada
Jan
51%
'
1
-
Angostura-Wupperman
Argus
46%
48 %
32
1
25
2
common
Anglo-Zraniah Oil Co Ltd—
Mills
Bellanca
Feb
33/4 Mar
83
Mar
18
16,600
48 %
"
2
common
Corp
$6 series preferred
; iV American Thread 5% preferred
American Writing Paper common
Angerman
41%
46%
'
—
•
•
Anchor
rH <
100
2%
—
10
Seal-Kap
5
Jan
Jan
43%
1,600
41 %
46%
*
Republics
Amer Superpower
Jan
5% Mar
3,100
__1
Co
Class B
ji;
2%
6,200
1%
18%
2%
1
American Potash & Chem class A-—*
American
49
1%
18%
1
25
25
Co
k
3%
70
80
1103/4 Mar
25
American
I
300
2,600
2%
Corp common—10c
American Mfg Co common
American Maracaibo Co
i
2,800
46 %
41%
10
convertible
$2.50
<
3%
3%
100
General
American Hard
v
Electric
&
preferred-
American
$2
Gas
27
Feb
40% Mar
Refractories Inc
Bauman (L) & Co common
Jan
6
il%
—
Jan
31%
^ V 400
Basic
Mar
5%
48 %
American
24V4
700-
: <
Corp
18
50
5%
,.
41
convertible A common
$1.20
177
25
B
35V4
Barlow & Seelig Mfg—
Light—
A
Class
Jan
75
25 V4
40%
1
Barium
Feb
400
80
Feb
30
Convertible
Class
American
Steel
Feb
350
80
16
1
.
common.
Jan
200
20
Co
25
23
23%
3%
80
Jan
Jan
shares
20%
3%
__
100
6%
11%
de los Andes—
ti Banco
Beck
American
Jan
Feb
7 V4
700
200
25
42
,
-
.
—
Rubber
80
Jan
Mar
G6
2,000
.
Feb
9
Jan
7
400
.
Feb
Feb
37
30% Mar
10%
>
preferred
Baldwin
182%
23%
__
•
'
71
103% 103%
20%
•
common.
G8V2
103%
f
Jan
11%
'
7%
Jan
4%
Jan
13
100
common
* 108
——
„„
Locomotive—
Baldwin
Mar
American
15
«r%
1,600
B
'
•
•
Co
v
7
,
7'%
35
Jan
92
•
3% Mar
500
5
Altorfer Bros Co common___.
'
83/4 Mar
•
Aluminum
Jan.
lOtM; Feb
4Va
-A
1
Investing $3
Products
:f4
3,000
Jan
100
-
Jan
.
13%
7
Jan
4%
__
1
Alles & Fisher common
Allied Int'l
-
__
62%
5 Va
Feb
9%
Jan
Feb
Jan
Babcock is Wilcox Co,,Alabama
Jan
55%
1
7
-
.6V4
200
.
y
33
13%
35
.
s; 5%
:
v
7-
'
Feb
38
2%
100
.
•
5
25
1
Machine,
(BF) & Sons common
preferred
6%
Feb
12 3/4
Jan
600
6'A
x5%
—
v
2,100
—1
Products
Automatic
400
59
5%
32
32 Va
High
Low
,.
.
7%
7%
58"*.
5%
1
Corp—
Jan
12%
7% ■■■:
58
warrants
3%'Feb
38
3%
10
Corp
Feb
3
Jan
10% Mar
*■'.
10
preferred
Atlas
11%
Range Since January 1
Shares
LowJJligh
.1
50
Co—
2%
1,500
Par
Fisheries.
2 % Mar
—
3%
28% Mar
Avery
13%
50c
Air-Way Electric Appliance
,y
Sales
for Week
Range
of Prices
■"
4
•
Last
Sale Price
Exchange
-
100
•
__
1
preferred
Mfg Corp common
rj
■y<v
500
2
Convertible
Aireon
'8%
3'A
5
(N J)
•/;*,;^ 7/
High
Curb
4%
--
-
common
•
Low
;;
.
New York
10'/a
10
1
Agnew Surpass
Air
i:
Range 8inee January 1
10
10
.>
STOCKS—
Shares
23
1
Week's
Thursday
for Week
.
High
4%
Alloys
Sales
of Pricee
ACF-Briir Motors wmrrants
,
^
V
'W
i
•l
Jan
11 ..Feb
-r-lu'
!•'
Cable Electric Products common
Voting
tables
At
trust certificates
Wireless—
American
dep rets 5%
,
6O0
50s
4 3/e
4
4
3%
4%
800
'4'/4
700
3s,c
33b
Jan
Jan
3V4 Mar
pfd—
4%
Apr
4 V4
Apr
3% Mar
I'
34
THE COMMERCIAL
(1890)
NEW
YORK
Week's
Thursday
Last
STOCKS—
LOW
Calamba
Callite
Power.
Camden
8
Mar
10
Jan
100
9
1,800
4
Jan
22%
Feb
,
5%
East Gas St Fuel Assoo
23% Mar
Jan
20
Jan
20
20
Class
B
voting
non
—
100
12% Mar
100
12
15
Mar
Jan
If*
-100
-.1
:
Co
St
Carman
Castle
—
Co
1
14
1
118
Pow
Co
49
118
13%
Apr
20
Jan
Feb
11
Jan
15
>
*8%
300
36
36
100
15
1,200
92%
1
93%
110
18
—
18%
300
7% Mar
36
Apr
43%
Char is
Co
Corp
of
17%
5*
90
Jan
96%
Feb
Jan
10
20
Feb
Jan
167/b
102
Jan
10%
10
Mar
11%
18
19
300
16% Mar
23%
67
180
64
Mar
79
i
IChilds
30
18
Mar
175
18
Cities
18
18
18
~3%
3%
3%
1,400
23%
.1
233/a
200
r"
$6
ft
preferred
Apr
3% Mar
29%
173%
4%
'4,
Jan
BB__
Engine
14
24
Jan
77%
Jan
15%
Feb
First
15%
75
1%
1,700
1
920
105
115
19,600
30%
14%
Jan
%
153%
15%
Jan
40
154
Vtc
Feb
10
15%
3'/a
143/a
10,800
100v
175
87%, 893A
8
8
200
8
Mar
Jan
3
25
i
u—
series
B
;
l
•
Consolidated Mining & Smelt Ltd
Consolidated Royalty Oil
Consol
Textile
Class
B
Coro
Inc
90
Feb
Franklin
8
Jan
9%
Apr
3%
Jan
9
25%
Cosden
5%
Petroleum
-v-1,600
lo.eoo
25%
32% Mar
343/4
convertible
preferred
1 % Mar
2%
Fuller
9%
200
9% Apr
1% Mar
10%
63
Jan
;2
»t
Jan
9%
Jan
-
■
38
32
..,
38
25
.
763/4
1,900
116% 116%
130
75%
■
8%
77
77%
2%
243/4
25%
700
8 3/8
783/4
1,175
2%
200
27%
800
9%
10
15%
16
1,200
37
37
100
'
t
16
800
%
Jan
38- --Apr
75
Mar
43
v
Crown
Cent
Petrol
83 3%
Crystal Oil Refining
46 preferred
8% Mar
9%
Cuban
5%
Atlantic
75% Mar
2%
24%
8%
85%
Jan
11%
xl5% Mar
5%
32
4%
Apr
x6
Jan
11
1A
Apr s
13%
13%
4,100
common
k
100
3%
1,000
'42%
-
43
50
3%
36
Feb
Davenport
Hosiery
29
29
10%
1%
29%
10%
4,000
liy4
10
10
5%
18
1,500
2
18/
4%
4%
1,300
100
5%
1,500
18%
25%
Jan
43
5
106 %
12 Va
13
233/a
—
A
conv
Dennison Mt( uui
8* debenture
Derby Oil Co
a
10
8%
common
y
Mfg new com
Gray Iron Foundry
Detroit Mich
Stove Co common
Steel Products
Detroit
Devoe St Reynolds Class B.
Diana Stores Corp com
Distillers
4%
Am
Divco
dep rets ord reg
Corp common
Dobeckmun
Co
Dominion
Steel
Dominion Tar
Dominion
St
St
Coal
Chem
Ltd
Textile Co Ltd
Driver
6%
Co
2
6%
Mar
Mar
12 %
350
12
7
dep rets ord reg
Hosiery class B
Duro Test Corp common
11%
11%
12%
2,200
2%
Feb
33.
z
n%
11%
100
T%
~3b/a
"33/a
1,500
12%
123/8
4,100
33%
333/4
100
12»/4
■
(A C)
Jan
Apr
17
8
6%
•
Feb
Jan
14%
Mar
37%
Feb
2%
Jan
Jan
43%
Jan
18
Jan
20
18%
f|
Jan
203/4
Jan
Feb
21% Mar'
Mar
19
Jan
6%
5% Feb
2%
Mar
3
Feb
Jdn
10%
8% Mar
Jan
31%
Feb'
11% Mar
14%
Jdrt
38%
26%
Jan
Feb
12%
Feb
24
Mar
29
Feb
Jan
78
Jan
9% Mar
Feb
Jan
-w-
1,200
17%
800
Mar
Jan
8%
8
Jan
38
10%
12%
ft'
Feb
153
17
14
Jan
Feb
Jan
12% Feb
27
Jan
37%
ft'V.16
Feb
ft\ Feb
73/i
•
Feb
19
153/4 Jan
Jan
4% Mar
6%
Jan
Mar
32 %
Jan
14
Jan
4%
4%
24%
600
125
24
9%
7% Mar
93/e
Jan
29
Max-
60
104
Jan
107
Mar
107
23
22
23
1,000
"3%
z%
"3%
j;
28%
—
Feb
1,500
24
107
—
Jan
7% Mar
400
29
•.
Feb
1,400
1
*
19%
Jan
25%
89
Jan
96
Mar
Jan
4
Jan
3%
200
93
93
114
89
40
114
25
Mar
98%
Feb
Feb
6
6%
113%
Jan
115
Feb
110%
L14
Jan
110%
Jan
5%
900
6%
Feb
6% Mar
16% Mar
21%
53%
Feb
Feb
17%
Jan
29%
.2.50
Feb
Jan
16
—
22 %
53%
700
17
—
Jan
29%
Jan
22%
300
183/4
Jan
25
Feb
Jan
Coal...———-—
17%
17%
175/B
2,000
16%
Feb
18%
11%
11%
12%
800
11%
Jan
1434 Mar
15%
16
300
Inc.
(Adolf)
ft
Mar
15
4%
17
Jan
Jan
Feb
5%
57
Feb
61 %
26
Mar
32
Jan
101% Mar
4%
-1
Xno common.
104
Feb
100
4%
class A—.
1
1
|
1
M
Zi
Goodman Mfg Co.
Gorham Inc class A.
**1
-10
59
4434 Mar
6,200
Jan
....
45%
45%
10
453/4
Jan
11%
100
10% Mar
15%
Jan
60 V2
500
57% Mar
6234
Jan
12%
12%
13%"
800
11%
12%
12%
300
10%
102
102
102
•"*"
*
Jan
Feb
139;
..12%
113%
123/4 Mar
100
12 3/4
15%
.
Jan
jan
112 % Mar
200
113% 114*-:
Feb
Mar
44%
Jan
Feb
Feb
Feb
109
135
39%
Grocery Stores Products common—25c
Gulf States Utilities 64.40 pfd_
100.
9%
14'
Jan
100
50r
'40
136% 138
17%
Jan
Jan
8
-25
—*
1%
12%
Graham-Palgc Motors 65 donv pfd—25
Grand Rapids Varnish
1
Gray Mfg Co—
—5
Great Atlantic ik Pacific Tea—
Non-votinr ecmnxon stock.
-100
7*- 1st preferred.
Gypsum Ltmo 6s Alabastins—
Jan
1
59
■
—*
Mfg oommon.
"l%
Jan
11%
-50
114%
Feb
Feb
15%
Peb
15%
>
r
\
H
Bamnton
Bridge Go
Hammsrmill Paper
Hartford'
Ltd.
Hartford
Lights—:
Rayon voting trust ctfs.
Brewing
Co_
Jan
19%
33/4
2,200
3%
Feb
4%
Jan
Jan
133/4
'600
%
-
com—1
—1
-•
7 %
V
33%%
.
ft
,
'
S'
7
50-ft.
•
30%
3 00
jah
Mar'
59% Mar
"3%
37/a
"4
-
;
600
8%
Feb
343/4
.
Feb
70%
Jan
Feb
5
Feb
3%
3%
400
4%
Feb
7%
7%
700
7% Mar
9
Feb
'8%
15%
u
'
3% Mar
8%
400
8% Mar
9 G Mar
"15
3% Mar
400
15
Jan
17%
Feb
500
10
Jail
12%
Feb
800
12%
Jan
16
*»'<
,
Feb
3%
Corp——
-35
1
—1
600
10%
33%
.10
Electric
10%
7%
10%
Lamp; Co_
Hathaway Bakeries Ine
13%
*12%!Feb ti
'
Han
Hat Corp of America B non-vot
12%
73
33%
,
Feb
Hecla
17%
Feb
Jt
Feb
.
Dept Stores
Mining Co
Helena
Jan
Mar
94
71%
Feb
79
44
Jan
48
Feb
101
100
He&rn
24%
Jan
Jan
Jan
105
Mar
.
Jan
Class
Heller
•
Jan
"5%
53/4
900
5% Mar
143/8
143/4
400
14% Mar
18%
/
Feb
13
lS%
16% Mar
a-
15 % Mar
Co
11%
common.
preferred
preferred
w
(R)
Chemical
common
& Co new class A
63/s
Feb
Holllnger Consolidated G M
Holly Stores Ine
15%
Jan
Holophane
Co
common
11% Mar
100
11%
14% Mar
;
25:«
Jan
16
Jan
13%
Feb
106
t
1
1
106
20
105
Jan
107
83
W_
w w_
Henry Holt & Co Common
Hoe
16
1
.
13
^ '
IOV2
A
6%%
4%
10%
C0inm6
Rubinstein-
Heyden
-
^
Jan
16%
Feb
300
73
1
Feb
37/a
__
Feb
■20%
'
f-4 ^
7
Jan
13%
—
Alden
Hazeltina
87
1
Jan
3
24
24
Mines-
Co
•"
153/4
—
1
4%
200
Feb
3%
10%
24%
73
100
3
Feb
33%
13%
5%
Feb
13%
/
~4%
Jan
15%
3%
Feb
5%
3
13% Jan
Jan
*6% Mar
Feb
Feb
104 %
Apr
Jan
11% Mar
3
11%
19%
16 % Mar
100
:.
Jan
-
J10% Mar
17%
•fvaw,
8% Mar
1,300
9%
•
14% Mar
~6%
r
For footnotes see page 37
>
Jan
Jan
11%
•
—1
Jbn
64
2% Mar
10
common
Harvard
6%
JE1
Sulnhur—
Jan
14
Apr
40
100
"5%
*
*
Gorham
Feb
26%
Jan
7
152
•
commoi
22 3/4
Mar
16
17
•
.1
$4.50 prior preferred.
Goldfield Consolidated Mines.
Feb
107
35
37
700
Dunlop Rubber Co Ltd—
Duval Texas
^00
7%
8%
-10
Am
Feb
Mar
25
51% Mar
12
100
66 preferred--*
Great Northenv Paper.
Co
Durham
Jan
17
—1
.25
.
Corp
Yellowknife Gold
Glen
Feb
20
»
Apr
150
8%
1
m
Harris
Duke Power
Plywood
Feb
13
•
Draper Corp
Feb
3% .Feb
Mar
100
—1
,
Public Service
Godchaux Sugars
Class B
13%
37
-60©
jjj
B
v
Jan
9%
Jan
3
8%
Gobel
Jan
9
*
eommon—
8
Globe-Union
12%
153/8
Co
7%
dep rots ord ttgUuu*a
Feb
12%
.10
common.
30
Feb
23
300
Co.
Feb
105% Mar
—1
Domestic Credit Corp class A
Dominion Bridge Co Ltd—;
2%
lit Mar
28
450
78
Supply Corp
14%
50
«
JW
,
30
50
pfd
103/8
106% 106 %
1
8%
Ltd—
Co
2,600
2 /a
28%
Ziio
Jan
22% Mar
7
-1
-1
.2%
-2%
100
Go
Mar
4% Mar
16%
—100
Detroit Gasket St
Detroit
Feb
Glenmore Distilleries class B__
Feb
1,400
35
5
12
300
Gladding McBean St Co
—
Gleaner Harvester Corp—.....
Feb
6%
ka.
common
Jan
Inc.
Preferred
Jan
23/8
500
--
2l
7%
31%
32
common..
9%
7%
Mar
Jan
26
—
23%
,
Mfg class
Dayton Rubber
Dsjay Stores
500
eommon.
Alloys
Gilbert
Feb
1% Mar
2,200
„
-2.50
Inc
10%
7%
Giant
Feb
4%
7% Mar
Mills..
Brothers
10
Jan
14
Jan
D
Davidson
Jan
10
100
$6 convertible preferred
Georgia Power 66 preferred
$5 preferred-
Feb
4%
3% Mar
33/4
12%
"3%
l7/a
•
53%
2,900
General Shareholdings Corp com
Jan
15%
12 % Mar
33/4
0
Lighting Inc common
Mfg Co (Mo)„
Feb
500
Power
conv
General
Feb
1%
12% Jab
100
.12%
3%
l
-100
Tobacco
Curtis
47%
500
CI
Finance Corp common
1
preferred series A
10
General Flreprooflng common.—---•
General Outdoor Adv 6% pfd
.100
Feb
9%
.5
Curtis
225
5%
Feb
700
5
.10
Cuban
50%
General
Feb
19%
Corp
Amer
Feb
413/4
Jan
1,500
common—
preferred
50%
Jdn
Gen Electric CO Ltd
Jan
34%
Apr
Jan
4,100
250
•
Feb
50%
(Geo A) Co.
stock
Gen Builders
Feb
3
1A
43/4
1
Sugar:..
Jan
2%
1% Mar
conv
General
Jan
10 3/8
*
...
...
12
8,300
400
Gellman Mfg Co common-
Jan
1A
13%
*
111
Jan
60
"l%
4,600
5* .-preferred.
Jan
110%
10%
»
6
Crown Cork International A
Crown Drug Co common
Feb
108% 108%
•"l%
Stores
Garrett
Jan
118%
Mar
l-fir
1
(Md)
"
108%
Feb
Mar
:i%
pfd
conv
Gatlneau
Feb
115% Mar
"4%. *
a
50
'*
10%
(ord reg)—£1
Brewing Co
Crosley Motors Inc
Crowley Milner & Co
Jan
50
33%
Simon St Co
Gilchrist
Crolt
45
48
434
Feb ft-;
^34% Feb, -t
AJsn us:
Jan
108
—
60
Creole Petroleum
22% Mar *,
7
#
Courtaulds Ltd—
American dep receipts
Jan
3% Mar
Jan
400
ft^^/ftfe,
;
16%
,
Feb
350
\
;
common
3,000
Feb
35%
.
Feb
11%
Jan
jan
£% Jan
400
1,900
v
4%
•
>1'.:$t Pfd class A..
100
i,100
17
3%
22 %
dep
4%%
13% Feb*•
:f
Corroon & Reynolds..
20
25
Jan
Z*
common
Mar
21
Jan
Feb
8%
3%
22
voting.
66%
5c
;
20%
7%
Feb
Jan
Feb
148
Jan
5%
100
Feb
Amer
General
Cooper Brewing Co.
Copper Range Co.
Cornucopia Gold Mines
203/4
130
"200
Jan
1%
Cook Paint St Varnish; Co.Ja—•
-
100
dep
3%
33%
10
1
"5%
17%
Apr
275
15%
1%
iqo
St Machine Co
*5%
133/4
130
Jan
■..;ft$2%
**8%
0
-5%
x7% Mar
5,100
97/a
2% Mar
•'■11%
•
common
CO
Continental Fdy
5,700
31%
100
1
11,200
rets bearer.
Fort Pitt Brewing Co.
Fox (Peter) Brewing.
33 %
76
100
1,100
14%
8
Ford Motor of France—
5 32 «;•;.%
32%
—•
preferred.
8%
13%
eommo
Feb
6%
433
.
2,400
_•
preferred series C
Consolidated Gas Utilities..
Corp
Jan
Jan
(M H) Co~
Jan
.
.
4*
Steel
Feb
9
8%
1,800
3%
19
5%
-■«
St Southern warrants-
_1
40%
31
v
5%
.25
4%
9%
1 i'" 9%
7.50i Vf 31%
—
1956
Consolidated
4%
4%
•
Consol GE LP Bait common
4%%
50
Class A non-voting
Jan
11%
•
Mar
11% Jan
common-
Conn Gas St Coke Secur common
$3 preferred
:
i.
Jan
rets ord reg.
Ford Motor of Canada—
Am
Mar
100
23/4
Feb
15
300
143/8
Machinery—
to
ext
44
50 to $1 Stores.
Ford Motor Co Ltd—
Feb
17%
172
3
"2%
Community Public Service...
Community Water Service...
Compo Shoe
100
pfd
Feb
177
Jan
17
Corp
Fishman
12% Mar
100
York
div ctim
$2
Jan
32%
Jan
2,100
300
163/4
148
23% Jan
2,250
17%
Feb
1% Mar
Jan
Apr
12 %
3
Inc
Commonwealth
Feb
48%
Fedders-Quigan Corp.
Fire Association (Phila)
10% '10%
Colorado Fuel St Iron warrants
Colt's Patent Fire Arms
-
67
400
Jan
17
Airlines..
Mills
Jan
Airplane.
Jan
i—
Development ordinary.*.
Colonial
St
Mar
Franklin
Colonial
57
Brewing.
Fansteel Metallurgical.
70
12%
Alum Products Co——.
Colon
50
Falstaff
12%
168% 170
168%
-'
Inc common..—
Cockshutt Plow Co
58
Falrchlld Camera St Inst Co.
Feb
25
21
172% 174
Clayton St Lambert Mfg...^..
Clinchfield Coal Corp
Club
Jan
175
17
| Clark Controller Co
Claude Neon
19
250
293/a
10
——
Co..
Jan
57
2 3/4
Feb
750
1%
Auto Stamping..i City St Suburban Homes
Mfg
72
48
13%
15%
City
ClarOstat
Jan
preferred
75
105
♦
B
Mar
61
14
.10
23
1%
112%
—
Mar ; f
2
25
-1
13%
15%
.4
—100
0
preferred
60o preferred
44
300
65
-1
72
13%
72
$6
Jan
"2%
65
*
—
Inc
23
preferred
Service common
t
22% Jan
23% Feb
8,100
10%
18
,
-10
Co
;
Jan
Jan
&
Chesebrough Mfg common
Chicago Rivet St Mach
i. Chief Consolidated Mining—
Jan
67%
Jan
66%
-10
common..—...-.
Cherry-Burrell common
9734
Feb
57
Empire District Electric 5* pfd—100
Emsco Derrick St Equipment
—5
10c /
Equity Corp common
$3 convertible preferred .
1 jl
Esquire Inc
1 f
Eureka Corp Ltd
1
-10
Eureka Pipe Line common.
Feb
66%
...5
America
Apr
62
35%
8
Co common—
Falrchlld
Chamberlin
88
225
"2%
♦
common
St Light 2d pfd A
warrants.
Electromaster
Elliott
Feb
13% Mar
101
1
common
225
65
Mar
9
89
64
47
Electrographlo Corp.
Apr
l,6uu
■
88
'
»
~2%
0
Power
Option
Jan
Feb
"8%
100
—
Aircraft
Jan
115%
Jan
65
*
i
High
4%
Mar
3
1,500
'
100
—8
100
100
—100
—100
pfd
Central & South West Corp
ICent States Elec 6% preferred
7* preferred
Conv pfd opt div ser_—
Conv pfd opt div ser 1929
Cessna
43%
25
14%
4%
Lt
St
8*0
Low
3%
•'
36
Central Ohio Steel Products
Electric
Jan
Bond
Feb
118
''
Corp of America-
Central
^
13%
common
Cent Maine Power Cd—
3.50*
preferred
10%
32%
St Share
Electric
Mar
45
10
1*18
St Co—.—
(A M)
Catalin
Jan
3
2% Apr
38% Jan
4*8*
4**8~
*
Co com
(JW)
Products
Casco
125
29 % Mar
■■*
*
pfd
Biscuit
Carr-Consol
Carter
common
& L $5
1,300
6% Jan
10
common
Co
Carolina P
42
"2%
Bange Since January 1
High
25
———•
preferred.
Easy Washing Machine B
42%
~2%
"2%
-
*
1
Products
Carey Baxter & Kennedy Inc
Carnation
*
65
$5
preferred
Capital City
;x_
3%
Eastern Sugar Associates—
Canadian Industries Ltd—
Canadian Marconi
Malleable Iron.
States Corp—
$7 preferred series A.
$6 preferred series B.
15% Jan
12
12
—
12%
Low
3%
100
—100
,
Eastern
12%
•
-*
voting
prior preferred.
preferred
Eastern
—
Canadian Industrial Alcohol-
Class A
Shares
*
common
4%*
6%
,
,
preference
for Week
of Prices
Par
,
Feb
Sales
Range
Sale Price
New York Curb Exchange
*
Ltd
Cement Co Ltd common
6%%
Jan
Mar
"9%
43/«
_4_
Insurance-
Fire
Canada
"4
Week's
Last
STOCKS—
High
Low
6%
1
Canada Bread Co
E
Thursday
Range Since January 1
High
**9%
-.10
Electric
Shares
I
Estate—
Sugar
Tungsten Corp_-i»
California
KA
for Week
of Prices
Far
EXCHANGE
Sales
Range
Sale Price
Curb Exchange
CURB
Monday, April 7, 1947
FOR WEEK ENDING APRIL 4
RANGE
New York
& FINANCIAL CHRONICLE
83
20
83
Apr
85
Mar
8% Jan
15%
Feb
Feb
X35%
> :•
,
28%
29
400
27%
-10
51%
53%
500
49
.5
9%
—
1
—V
29
10
5%
10
-
9% Mar
1.800
-
200
5%
.
..
..
Mar
5
-
23%
•
Jan
Feb
55 % Mar
10 %
Feb
Mar
6%
Feb
Jan
27%
Jan
f!
({.
if
Volume
Number 4583
165-
THE COMMERCIAL & FINANCIAL CHRONICLE
RANGE FOR
Thursday
STOCKS—
New
York
Curb
Shares
Horn
Si
Low
Hardart Baking Co
Horn
&
Hardart common
6 %
A Co common-
40
y
■">
Humble
Oil
&
Fibre
Hurd
Mfg
&
Huyler's
37
2SG
30 %
58
60
31%
6%
Mar
181
Feb
43
Shares
Low
100
~6%
■
600
Mar
29
purch warrants.
46
46
46
11%
11%
common
9%
800
9
__
1st
preferred
Hydro-Electric Securities
46 Va"
46%
47
_#
39
40.71/
39
Metal
500
Feb
Feb
Feb
3%
Feb
49%
Apr
Jan
Middle
t
West
5%
common
preferred
conv
Dividend
Illinois Zinc Co
•
Oil
62%
common
*
293/4
X62
Am dep
rets regis
Imperial Oil (Can) coupon
18%
19
18%;
•
Ireland
Indianapolis Pow Si Lt A% pfd____100
Indiana Service 8% preferred
100
preferred.
10
Feb
64
Jan
Jan
18%
Jan
21% Mar
17
6
12
12 Va
12%
13%
2,600
l35/a
,
41%
Jan
14%
Feb
100
12%
Feb
11%
Jan
14
Feb
200
12
—
12% J«a
21% Jan
6% Jan
108%
108% 108%
.,90
96%
96%
96%
107% 111 ,
10
94
Jan
100
104
Mar
111Mar
400
93
Jan
.100% Mar
94
96 Ya
Cigar Machine
International Hydro-Electric—
♦
Preferred $3.50 series
50
4 International Metal Industries A
4 International
Petroleum. coupon
International
Products
International
1,600
66%
65
673/4
2,400
13%
13%
13Ya
•
1,500
109%
Feb
99%
Feb
10
Utilities
B
5
Oil
Midwest
lt
4%%
100
12% Mar
15%
5%
P
L
A
23
30
700
125
53/4
50O
Class
Feb
1%
5%
Jan
1%
22%
.—1
18%
3%
18 Ya
600
5%
5 7'a
1,600
3%
37/a
11%
5%
300
26
.
Mountain States
Power
common—
Co
Kidde
3%
10%
634
63/4
7%
13,300
M
23
Va
900
113/4
iiVe
200
108% 108 Va
10
20 V2 Mar
18% Mar
Kir by
.100
.100
.100
11
6%
Feb
Kirkland Lake G M Co Ltd
(D Emil) Co common
Kleinert (I B) Rubber Co
9%
Feb
125%
Feb
*
26 3/4 Mar
$9
,
9
Jan
Feb
14%
Feb
Feb
Knott Corp common
IIY4
;
Mar
157/s
300
13 3A
Jan
5%
2,500
4%
Jan
IP/4
lh "1ft
20
-.1
Oo__.
Apr
60
21
7%
3,700
12,600
Jan
1% Jan
600
20
87%
69
<:
17%
12%
.,
•
—1
83/4
25%
17% Jan
19%
100
20
23 ;
9%
1,200
83/4
Feb
8 3/4
Apr
15% Mar
Feb
5
Cooker
Pressure
Lamson
& Machine
of Delaware
Corp
Lane Wells Co
.
common
-—1
Class
Ills
Monotype Machine
Salle
Ext
University
Lefcourt Realty common
4 4 Prior preferred
Leonard
Oil
Development
Le Tourneau
Line
13% Jab
6
Va
9%
9%
16
400
16 %
87/«
.
Steel
Ltd..
Car
26
13%
200
,.5
Corp
Lipton (Thos J) Inc 6% preferred
10
27
125
14
13 s/8
300
*
!l%
"lYa
4,100
25
J
Class
Groceterias
class
A
1,000
22%
17%
700
22%
24
400
~9
"9%
9
300
•
| Locke Steel Chain
4%%
■
—
23%
1
~73/8
18%
23%
73/8
10
18%
1
Feb
conv
Park Mining
N
Y
Auction Co
Y
A
9
Common ctfs of dep.
8
100
2,400
18%
2,000
93/4
9
3/4
7% preferred A ctfs of dep
it preferred B ctfs of dep
Louisiana Land A Exploration...
800
:Louisiana Power A Light $0 pfd
Lynch Corp
3/4
Ya
-
79% "79%
—.
71
%
•
I
71
143/a
131/2
6%
Jan
Sugar
Manlschewitz
optional warrants
19
j iMapes Consolidated
2'/a
_
Jan
N Y
10%
Jan
14%
•
■
.71
25
175
14 Ya
8,900
18%
19%
700
•
Massey Harris
McCord
j
Corp
t o
—
2%~
2'/a
200
48'/a
48 Va
48'/a
100
Jan
26
13%
Apr
Jan
M*«d
9
8%
9
A Co.
For iootnotes
see
1%
Feb
8
9%
Jan
24
Feb
Feb
12%
Jan
11%
Jan
15%
Feb
SYs
Jan
Jan
30
40
13%
133/4
14%
3,300
12%
Jan
North
Jan
B
200
40,0
13%
*
'
•
Utility Securities
14%
Jan-:
1%
4,000
:;,'3%
7,200
3
11%
300
14%
300
8%
8%
400
Apr
j
v
„.;..2% Feb '
;
5»/4 Jan
:
\«r -T*
Vl0% Jan
* 200
-
16%
Jan
lOYs
Jan
81
28%
9l/a
53%
6
240
:
6
•
400
Jan
Apr
53/4 Mar
120 Va
Jan
8V2
Jan
12% Apr
61
Feb
153/4
Jam
677/«
Jan
Jan
6%
Feb
23/e
Jan
123/4
200
61%
623/4
1,300
43/4
4%
500
4
81'.,
25
72
S
Feb
82 **., Jan
Mar
10
500
37.-
38%
300
35
17%
350
17
Mar
60
61
20
51
10% Feb
Jan
Jan
17%
8%
4
9%
10,800
8%
Jan
47%
21% Jan
13%
Feb
Feb
Northern
Northern States
103/8
124
Jan
Jan
111
117%
Jan
% Mar
1%
87/b Mar
10%
•1,600
13%
13
13 Ya
12
12
12
1%
1 Va
16
173
300
1,400
16%
,
9%
9%
173
1,600'
...
lYa
1,900
9%
6,000
' 175
1,025
36%
36%
35%
35%
100
36%
600
4
4
4
100
11Y4
300
6%
6%
6 Ye
2,700
ll7/a
Jan
153/4
10%
Jan
13%
108%
125
20%
153/4 Mar
73/4
166
11 Va
Jan
Feb
Feb
Feb
Jan
Feb
353/4 Mar
40%
Jan
35% Mar
40
Feb
53/4
3% Jan
10
Jan
Jan
13
Mar
73/a
5Ya Mar
>'
Jan
./
99% Mar
Feb
xl06Ya Mar
110
Jan
58
Jan
51
473/4
51%
T-'- 550
46
Mar
40%
40%
40 34
300
37
Jan
46% Feb
1
•
8%
8 Ye
7
Feb
97/a Mar
50o
2%
90
«5
Natural Gas
Power class A
Inc—
Corp
Northrop Aircraft
8'Ye
1,300
30%
300
2%
1,600
Jan
Jan
123%
Apr
6% Mar
Feb
26
9
9%
19%
Jan
11%
Jan
3/4 Mar
78
'
69
113/4
15%
1%
Jan
Brass
Ohio
Power
90
Mar
82%
Jan
Jan
14%
Feb
Oliver
Jan
Omar
Feb
Jan
113
19%
Am.
Feb
Feb
*
Corp
Ogden
Mar
.
313/4
x29% Mar
O
Jan
Jan
Mar
16%
30
Oklahoma
Old
common
Co class B common
4%%
Natural
Poindexter
preferred
Gas
new
com
Distillery
United Filters
l7/a
*
1
B.
Inc
O'okiep Copper Co Ltd Amer shares—
Securities
1
l7/a Mar
23/4
Jan
37% Mar
35
25
31
Jan
115% 116
80
112
Jan
32
200
30
Mar
37%
7
400
6%, Jan
12
Jan
83/4
Feb
12 V2
Jan
123/8
13% Mar
35
♦
100
15
1
32
6%
II
12%
12%
12%
12 3%
143/a
143/e
15
50
.100.
2%
Feb
Mar
4%
103/4
Jan
Jan
Mar
116
Jan
12%
Feb
16
Feb
12%
Feb
500
14 V* Mar
200
11%
Jan
600
39 Ya
Jan
41 Ya Mar
353/4
Jan
20% Jan
Pacific
Can
47
Mar *
55
Jan
5
Mar
5%%
8% Jan
2'/8
800
1%
Jan
19
20 3/4
1,600
13%
Jan
42
100
39%
Jan
9"%
29
29%
400
29
Jan
1st
Co
common
A Elec
6%
I28
$5
Pacific
Public
Feb
2%
Feb
20%
Feb
Page-Hersey
21%
Feb
Pan
45
Feb
$1.30
11%
41%
413/a
r:
Jan
38 % Mar
102% 1023/4
110
113% 113%
102%
.100
10
Service
27%
1st preferred
Tubes
American
r
common
Jan
11%
Feb
Apr
33%
Jan
100
2%
shs.
Parker Pen Co
27%
2%
23/4
18,800
10%
Airways warrants—
Pantepec Oil of Venezuela Am
Paramount Motors Corp
27%
9%
10%
7,400
page 37
t
105
.^Jan
113
Jan
115
C?eb
Feb
15
Mar
27% Mar
27% Mar
Jan
3%
Jan
9 Va Mar
123/4
Jan
2
11
—I
8
102% Mar
12
_•
preferred
pfd
Pacific Power A Light 7%
10%
41%
..25
preferred
Lighting
11%
—
1st pfd
35
36
-350
7
.
Feb
176
Jan
3
Jan^
Jan
2
l3/a Mar
973/4
I
108
Jan
Jan
115
630
%
Feb
63
Jan
83/4 Mar
1,225
1183/4 119%
112% 113
<T'
Jan
31%
103%
12%
8%
Jan
94
Jan
Mar
-
103% 105
103'/a
Feb
13
Feb
8% Mar
13
7 V2 Mar
86
84
84%
11%
Jan
29
Feb
Jan
14%
Oil
Northeast
Feb
IOYb
11
11
•
class A
26%
Feb
200
43%
24
1V4' Apr
1%
16%
■
Mar-j
Feb /
10% Jan
32%
11%
14
14,
Jan
3
VA
109
-J
Feb
Jan *
ll°/a
10
Apr
31
14%
/39 % Jan
24
37
Jai
Jan
Jan
Jan
18
11% Mar
12°/8
12%
43/4
common
American
Feb
15%
13% Mar
17%
Northern Central Texas
Class
Feb
45
Mar
40
12%
1
——
North American Rayon
7
4%
3% Mar
l3/4
$6 preferred
12
Ja
20
,
12 Va
22%
8%
*
•
62%
—...■
44%
18
4,500
12%
A Power oommott—1
Feb
Jan
500
3%
81
Electric
Jan
29
15% Mar
xll
Mar
Mines—
Nlplaaing
7
Mar
6%
40
—80s
8% pfd
16
Mar
23
500
.
Mar
Feb
Jan
2
17
19
29
Feb
16%
3%
13%
Nineteen Hundred Oorp B
Jan
6UO
.'
Dredging...
Johnson
24 Va
Mar
Airlines
-*
North Penn RR Co
———60
Northern Indiana Pub Serv 57# P*d-100
1%
4% Jan
•
•
Feb'/
1383/4
Jan
5%
.3%
2d
Pacific Gas
1
common
Mar
37
Apr
21%
.350
203/4 21
11
y 11%
Class B
Noma
14
$2.50 preferred
I McWilliams
';
common
v
-•
125%
shares
North Amer Light
42
Mass Utilities Association
.
20
-
11
Marion Power Shovel
Jan
30
800
Jan
Jan
9s/a Mar
.
; 300
22
Co...
N Y Water Servioe
Pacific
Lt
34%
33
Feb
•
Mfg Co—
Communication Co
34
125% 125'A
125%
Shipbuilding Corp—
Founders
Jan
18
Marconi Internat Marine
3!
■
Jan
11
Merchandise.—
Y
N
16% Feb
10,900
1
...
common-.
(The B) Co
1,600
8%
common
34
Jan
111
M
; Mangel Stores
9%
16
Overseas
Manati
9%
400
Honduras Roeario——
Ohio
I
9%
5%
2%
Apr
Mar
10O
preferred
N
Feb
] Long Island Lighting Co—
>
2
1,600
Jersey Zinc
-*—
New Mexico A Arizona Land
15% Jan
31
5
Logansport Distilling Co
Lone Star Gas Corp common
i Longines-Wittnauer Watch Co
'}
4%
3,200
12%
Feb
J2^ : Jan
•
B
3,400
2%
37%
New
Novadel-Agene
Loblaw
Jan
"43/4
2
~43/8
16%
30
23%
16%
—
25
*
common
!
Jan
*9% Mar
24%
1
Feb
39
14
(Herman) Corp
■
B
Neptune Meter common
,. „—1
Neale Le Mur Co class ANew England Power Associates—
*
8%
preferred
—
—lw
>
$2
preferred.
New England Tel A Tel
.....109
New Haven Clock A Watch Co
New
Jan
5%
44
"l%
—
12%
6% Mar
25
Inc
Apr
23
35%
U.^.2—
Radio...
Union
34
—
__
*
Co
Brothers
67/s
6%
2,100
1,500
—1
Lionel
Lit
14
5
(R G)
Material
190
Feb
16V4
preferred
......100
optional warrants—,
.
Niagara Share Corp claaa B com
9
*
133/a
•
Lanston
La
•
Jan
Feb
17%
12%
Nelson
5%
—
.—5
Langerdorf United Bakeries class A
15%
Mar
Feb
Jan
135%
2
4
»■
•
com
National Radiator Co
-
1
1
Foundry
Feb
53/a
33/a
30
-■
22
2
"4%
New Process Co common
L
Laclede-Christy Clay Prod
Mar
650
190
21%
1
Fabrics..
Malltnson
Niagara Hudson Power common
—I
6% 1st preferred.^.
—109
Lakey
-
11
•v
'V
Jan
12
-300
30
21
National Rubber Machinery
Feb
Jan
1A Feb
Apr
200
-1
Lake Shore Mines Ltd
190
e
1
,—♦
....
Feb
6
17%' 18
22% 22%
-1
Brewing
73
60
11%
1%
-10
Kobacker Stores
Krueger
30
60 Va
5
20
.
Apr
3
Mar
106
■
35% Mar
190
—1
common
preferred
National
Feb
111%
73
15%
5
1
...
Klein
8%
4 % Mar
—*
Nachman Corp new common
Jan
108% Mar
60
—
1
—1
Jan
700
12%
,
/ Mar
2,300
12%
-
N
Jan
-.
Jan
73
—
—%
Petroleum
105
2,200
11
National Mfg & Stores common
Kimberly-Clark Corp—
pfd B
...,
3%
203/4
National
18
6%
preferred
Kings Co Lighting 7%
8% preferred D
King Seeley Corp
Kingston Products
..
9%
22
Jan
.26
123 % Mar
20%
llYa
4%%
1..
--
i.1
—
Feb
Feb
6% Jan
5
Se Co.
Jan
800
4%
Muskegon Piston Ring..
Muskogee Co common.
National
common.
(Walter)
10
8%
8%
100
National Tunnel A Mines common
—
Kennedy's Inc
Key
Feb
73/4 Mar
8%
3%
10«
7%
Apr
Feb,
24% Jan
25
__100
...
38
•
22%
Jan
17
600
11
26
— —
I
pfd__
Mar
4%
Mountain City Copper common.— ._6e
.10
Mountain Producers
.;!% Jan
■
K
p_
35
43/a
«.
Feb
Mar
25
21%
Investors patilo pfd
Morris Plan Corp of America
Feb
9%
x8
83/4
•
Jan
3%
1,600
35 y4
J
17%
Mar
3%
—
13% Mar
.
2% Mar
.1
........
Feb
4% Mar
8V4
35%
Feb
jrjr
Kansas Gas Si Elec 7%
Jan
15
1,400
-
.1
Utilities
Ward A
Montreal Light Heat A Power
Montgomery
National <• Transit
Kawneer Co
12%
-
Feb
33
Jan
350
23/4
29%
Apr
37/a
27
common———
Society A
Montana Dakota
7%
•
Corp
-
28Va
800
xl5
Y4
,8:V
Corp.—,..,.
Monroe Loan
National
KAiser-Frazer
Feb
Mar
11
27Ya Mar
^
500
...
13%
8
pfd—
National Breweries common...
"5%
1
•
Jan
Mar
5
7% Feb
Apr
1 Va Mar
1
common
^
250
4%
13%
2
Jan
Mar
19
*
A preferred
13%
1
30
8%
National Fuel Oaa
(
19%
24%
Jan
20%
| Julian Si Kokengs Co
14 Va
Jan
35%
,
6%
Pictures
Monogram
1
i;
Feb
Feb
Jan
5s/e
1
7%
Jan'
12%
Jan
525
Feb
2%
.
Jan
Missouri Public Service common
Jan
12%
"1% ~~1%
Stores
3%
;
4
xl5
common
preferred
Mining Corp of Canada
Feb
2% Mar
11% Mar
20%
Brown
y
Jan
18 3/»
Feb
103/4
Feb
4,700
11
v
23/4
.
conv
Minnesota
•
■
8
.
Murray Ohio Mfg Co
1,900
5?4
Jim
11%
16
18,300
24%
6%
Vi;
Mar
400
1.
Co
Refineries
Miller Wohl Co
Feb
12%
")L3/,
Jeannette Glass Co common
Jefferson Lake Sulphur Co
10
200
-
5
28%
Piping A Supply com
Mid-West
J
,
23%
--
Midwest
Namm's Inc
i
1S'%
4Ya
—60
National Bellas Hesa common
''
11%
18%
dividend shares—
common.,...
15%
Jan
13%
20%
Italian Superpower A—
400
9
Mountain States Tel A Tel—
13%
1
a
113/8
2% Mar
Jan-
50
Jan
103/4
'.*
15% Feb
U3/4
investors
Royalty—..
20.Jan
5
13%
•
Iron Fireman
Jan
673A Apr
Jan
Mar
21
11%
*
common
r
Feb
13
133/s
Mfg voting trust ctfs__«
Irving Air Chute
1
•
58'/a
Apr
28
Interstate Power $7 preferred
V
17%
*
,$■ International Safety-Razor
<
18%
•
shs
Registered, shares
<
17%
—
9
3,300
pfd-
Moody
International
Jan
Jan
2%
233/4
Abrasive
Molybdenum
94
6%
Feb
Mar
5%
2 Yo
11%
*4%-Fob
20% Feb
105 % Jan
'
100
North America
31
Jan
16%
1,100
Jan
57%
800.
1,100
-
£1
Insurance Co of
27%
1,600
£X
Registered
*
Imperial Tobacco of Canada...
5
/ Imperial Tobacco of Great Britain &
7%
30%
x6234
17%- '17%
Imperial Chemical Industries—
;
Co
Mid-West
■
Jan
5
100
4%
Corp $1 conv
Products—
non-cum
Mldvale
30%
50
.
;
ctfa
arrear
Jan
63/a
Steel
$2
i:'
Co
Jan
110%
Apr
•
Midland
Power
7
Mar
600
9%
18%
c
Jan
17% Mar
Jan
5®/4
100
■■I
2%
Corp common
Midland
Illinois
5
10 3/4
v
Feb
33/4
4% Mar
3,700
9%
Mioromatic Hone Corp
Middle States Petroleum class A r
B
400
.:.e-
~6Ya
Preferred
Class
6
15%
45
Michigan Sugar Co..
10%
Mar
39
Feb
Feb
51%
V. Jan
400
~5%
5
Textile Corp
Participating
preferred
Michigan Bumper Corp
Michigan Steel Tube.
Feb
High
7
Jan
2% Mar
109
Iron
15
Jan
"5%
3,300
—
28%
7% Jan
45
3
Hygrade Food Products
Feb
Feb
preferred
5%
*
177/a
17%
53/4
A
47%
S45;/k;Jaai-
6%%
9%
Jan
Jan
17%
Scott
200
2 Y4
5%
A
Low
6
2%
Co
Range Since January 1
High
§,
common
Warrants
61.,;
32%
Mar
6% Mar
150
Gas
Chapman
Feb
56
10 %
Merritt
Jan
33%
25
25
__
175
Mfg
Messabi
Jan
20
■r-'———
1153/4
Natural
Menasco
Feb
39% Mar
113
1,500
67/a
Apr
1,500
30 %
40
.
40
30%
Jan
m
*
—
40%
30 %
58
5
common.
preferred
10
" 113
113
:--5
Corp
Co
Hussmann-Ligonier Co
Com stk
-_S
Inc
Refining-^...-.
Hummel-Ross
40
4QJ/«
.
..100
(Harvey)
$2.25
for Week
of Prices
High
172
preferred
Hubbell
Lock
Range
Sale Price
Memphis
(Geo A)
Sales
Last
New York Curb Exchange
Range Binoe January 1
High
Inc_
Hormel
^
Week's
Thursday
STOCKS—
for Week
of Prices
Low
WEEK ENDING APRIL 4
Sales
Range
Par
Border's
Week's
Last
Sale Price
Exchange
35
EXCHANGE
CURB
YORK
NEW
(1891)
Jan
15%
Feb
35
Mar
52%
Feb
36
COMMERCIAL & FINANCIAL CHRONICLE
THE
(1892)
RANGE FOR
Last
STOCKS—
v
'
New
;
York
1594
1
Parkersburg Rig St Reel
Patcnogue Plymouth Mills
$1
pre!erred-
cum
Penn Gas St
Elec
Penn Power
St
Traffic
Penn
Penn Water
A
Circle
Terfect
Co
,
Feb
Jan
Jan
7%
Feb
11%
Feb
Southwest Pa Pipe Line
Southern California Edison—
50
4%
63%
900
62%
•
7%;
7%'
.43
•
41%
600
11
Pinchln
400
10%
Jan
13%
Gold
Pioneer
Ltd
"3%
4
4"'
4%
a
12
11%.
12%
1 u-
1
..
L E
St
"5%
—1
Pitney-Bowes Inc
Bess
53%
—50
'
6%
Premier Gold
6%
1st
Tube class
44
:
85
11%
12%
1%
1%
1%
•
15
15
V.
.
•
48
Feb
Mar
Jan
r
17%
;
Feb
Jan
109
Feb
Mar
107,
Feb
110V*
25%
Jan
30%
Mar
14%
10
Apr
11%
v!
"■
Feb
10
10
10
300
94
165
"60
18%
Feb
28%
Raymond
36
35%
36 ; £ ;■
400
34
3%
:..;3%
3%
5,700
7.
•
Jan
*
1% Jan
"
400
-
7%
17%
17%
,;f'*75
•
26%
26%
5%
2
;
1,400
5
7%
7%
1
-
■'
Feb
;
Feb
Feb
38% Jan
Shop Inc
Stroock
Ronson
Root
Corp
2%
Works
Field
Petroleum
20% Mar
-
''V;' 7V8 Mar
16
Jan
Co
8% Mar
20%
500
5% Mar
6%
Ryan
Aeronautical
2%
550
1%
*
27
Jan
Jan
107 % Mar
Mar
25
31% Mar
J
Jan
14
Jan
16
4
Mar
1,300
300
7: 15%
•
25
4%
Inc...
Cement,
Portland
Superior Tool St Die Co
Swan Finch Oil Corp
L-
12
8
12
350
41%
41%
41%
150
31%
17%
18
150
17% Mar
nil
"3%
3%
4
Corp
1,600
12
100
,
l
5%
5%
5%
Inc
Oil
8%
10 %
Land
&
1
Shovel
Co
Class
St.
A
conv
Paper
pref
4%
4%
4%
Allied
Samson
United
Corp
50
Amer
dep rets def reg
Shipyards Corp———
Edison
6%
Trans Lux
9
Sayre &
1
common
5
Fisher
Co
Schulte
Co.—II—I
Brick
...
■
common—
(D
A)
mc
Manufacturing!
Scullin
Steel
Co
Lock
&
1
-25
•
common
Securities Corp General
Seeman Bros Inc
II nil
~~~
*
nil
Hardware
Selby Shoe Co—
Selected
Convertible
stock
Sentry
Radio
V-
Corp
Denn
Shawlnlgan
Water
&
5% Mar
Jan
6
3% Jan
Feb
6%
Mar
11
Breweries
8%
Jan
6%
Jan
4%
700
5%
:
2%
Yards of Omaha
City Gas
,50c
com
Smith
(Howard*
Feb
,
10%
Feb
9%
Feb
Feb
United Chemicals common
United
warrants.
Corp
—
19
Light
&
New
dep
NJ
&
14%
24%
23%
24%
12,100
20
18 Va
86
86%
277
Specialties
S
and
Products
15%
Jan
Jan
89%
88
Jan
90
400
9
Apr
13%
200
3%
Jan
4%
400
1%
Apr
28
Feb
—.
common
299% Feb
,277
10
3Vs
Jan
Feb
13% Mar
Jan
12%
71
550
68% Mar
71
Jan
46
46
46%
230
45%
47
Jan
12"
12%
200
11% Jan
14%
Feb
2,400
17% Mar
23%
Jan
15%
Jan
17%
Feb
2'/4 Mar
3%
Feb
1
18%
18%
19%
17
16%
17%
2%
3
88%
88%
16
17
16
150c
—
Co
*3%
3 '
550
'500
175
1,600
3%
700
3
300
?
3
82
14%
3
2%
Feb
Feb
Jan
89
Jan
18% Feb
5
Mar
3%
Jan
Feb
Feb
26»/4 Mar
4
4
21%
22
4%
22
4,300
600
23
24
10
—10
26% Mar
21% Mar
5
vj*
Mar
10
100
-.10
Oil
7% Mar
Jan
32% Mar
4
Mar
21%
4%
Jan
Jan
22% Mar
Jan
Feb
21%
82%
Mar
12
3%
Insurance
Universal
400
Jan
Feb
21
Apr
Mar
69%
Rubber Reclaiming—
Universal
2o0
277/b
19%
12
International Securities..
Utah-Idaho Sugar
277
5
-
Graphite common
S
Jan
23% Mar
17 Va
.
70%
1
common
U S Foil Co class B
U
U
Apr
Jan
Feb
45»/2 Mar
Jan
1%
-25
Preferred
United
62
7% Mar
-10
4% Jan
Feb
2,100
200
Jan
.' Apr
29
38
900
•
.
.-7%
r
& Mar
Apr
250
19%
—
Universal Consolidated
3%
:
>7
Mar
16%
United Shoe Machinery common.. ..25
United Stores common—
2% Mar
6,000
40
-25c
Feb
24
%
-
rHs
Feb
9%
-
4V8 Mar
26
Feb
11%
-
88% Jan
16
.100
Jan
Jan
100
38
-
com
Canal
Feb
3
2,900
Feb
3%
Jan
«y4 Jan
25
4%
20% Jan
50
4%
*
16
U S
13%
■300
28 V
rets ord regis
RR
8%
Ltd—
Co
21%
6,100
L—
'
9
9%
3%
1%
,
-
8% Jan
/f
T-*
12% Jan
—
/
Feb
Feb
V
Mar
2
Jan
Feb
-
12%
Feb /
Jan
14% Mar
3-%
3%
800
22%
22%
400
22%
Jan
24
200
9%
Jan
14
11
140
11
...
3% Mar
4%
Jan
Feb
__
133% Mar
157
1
Jan
110%
2%
Feb
/ 27
-•»
13%
450
Apr
39
7%
280% 285 V
60
276
;
£1
Jan
6% Mar
800
Feb
17 ' -AFeb
Mar
39%
Jan
Jan
% 8% Feb
312
5%
J
■
■'
(f.■
Waco
100% Mar
102
7%
$2
7
7
M%
7
"
2,400
10"
1,000
7
14
Jan
Yyr;:.' k':i
Ward
Wentworth
Feb
11%
113%
1
4%
——
30
Watch
Jan
3%
ctfs ext..*
100
Co
:p
i
pfd
cum
Waltham
V
Aircraft
1
Corp..
Manufacturing
Utilities
$6
preferred
Texas
West
■
1.25
*
Virginia Coal & Coke
112
4%
3%
100
12%
500
113%
50
4%
600
"9
:
2% Mar
ll7/e
112
3%
21
.
6%
Baking Co warrants—
Western
11%"
W
*
preferred
Jan
I
11%
3%
2% Feb
Feb
Jan
Feb
--v:
Aircraft Co
West
;
..100
6%
'
Warner
5%
Feb
126% Mar
5% Jan
Manufacturing
Waitt & Bond .Inc
.•7%
100
12%
9% Mar
12
Wagner Baking voting trust
14%
2%
Jan
i13%
1,500
Venezuela Syndicate Ir.c
Feb
108
750"
1,200
6%
101 % Mar
Petroleum
Venezuelan
10%
5%
5%
Feb
27
141%,
I
10%
Valspar Corp common
$4 convertible preferred—
Vogt
,
—1
Jan
14
Jan
Mar
3
38
Jan
Apr
"•
preferred
Moiasses
11V*
I10
37%
& Elec Co—
1
Jan
Mar
10
—7
—
Railways.
United Milk Products new
17% Mar
200
3%
i,
For foolrcts. see page 37
Feb
_•
Jan
--
1%
14
Solar Manufacturing Co
Jan
12 %
300
*
—
Jan
3%
V
3%
nil
Feb
7%
3,900
62
;
4%
28
U
-
/,■
2,000
3
62
$5 1st preferred with warrants.
XJ 8 Radiator common
——... ...l
11
2%
140
Paper Mills
32%
5%
'
.I..II
Canada
I
Solar Aircraft Co..
13
4%
Feb
100
17%
'
22%
preferred
100
12%
IIoo
Products
Aircraft
Feb
500
•
Simplicity Pattern common
Singer Manufacturing Co
Singer Manufacturing Co Ltd
Amer dep rets ord regis
Jan
3%
8V4 Mar
Jan
4
2%
11
preferred
1%
>4% Mar
2% Mar
•
7 '
6%
'
—.5
Lid
100
v*
6%
33
l'A
Power..
~5%
-
10
——
32%
1,300
,;3% :
/
1,000
10
Jan
11
3%
2%
•
Jan
30V4 Jan
Mar
28
4,100
34
18%
37/s
~5%
5%
4% Mar
41/2
400
32
Slmmons-Boardman publications—
1X0%
43
2% Mar
—1
common
convertible
Feb
13%
6%
3%
114% Feb
Jan
1% Mar
500
10%
5% Feb
Jan
18%
110%
800
4%
'
Jan
xl07% Mar
1%
9%
Elastic
v
Jan
V:
2%
Jan
105%
::i03» ?Jahi
4%
3
8%
1%
4
112
Jan
12% Jan
Jan
1%
0%
United
3%
11
tmV '•
63 %
Apr
10
106
112
Jan
Jan
7
Mar
10
106
"l%
Jan
17%
Feb
86
150
92%
86--
3
Union Stock
700
11
17%
common
preferred
Sherwin-Williams of
Sioux
*
86
Realization
Feb
200
33
Jan
55
.IOC
Corp
5
Unexcelled Chemicals Corp—
•
Union Gas of Canada—...^..^1.—
Udyllte Corp—^
01 en
Feb
4 Va
33
6%
Mar
37
22%
u
Jan
2
4%
Apr
1,400
13
Corp
9,600
9%
31
Jan
12%
2%
United Gas Corp common.
8% Jan
x4%
10% Jan
20% Feb
18% Mar
600
7
6%
33
800
Feb
121
Jan
250
J
5%
3%
'
86
...
4c/e
$3
12%
Tung-Sol Lamp Works—
——1
80c convertible preferred——
•
United
33% Jan
—1
Mining
Mig Co
Sherwin-Williams
Sick's
13%
12%
•
United
4,300
—1
common
common
Sheller
Silex Co
19%
12%
warrants—
Feb
1,300
4 V2
—
Shattuck
37
19
•
100
—100
Inc
14
9%
4%
—25
—I
mil
Safety Control
Corp class B___
Seton Leather
/••
—5
prior stock—:■■
Serrick
36
Utah Power & Light common
1
common
Aliotment certificates
Semler (R Bt Inc
Sentinel
5,000
1
Jan
36%
—
Industries Inc
$5.50
16%
;
Jan
8% Mar
11
Corp
Union Investment Co
2
3%
«i-i»
Feb
1%
....
11
4,700
8%
♦
IHi
common
Scovlll
Sfgal
15%
Nevada...—....1
Feb
12%
9%
Feb
Feb
—
preferred
7% preferred
Tonopah Mining of
9%
19'/4
400
15%
hV. t i
34%
Jan
117
9%
•
Feb
36
9%
Feb V
14% Jan
2,400
15
Ltd—
18%
11%
36%
—1
Savoy Oil Co
Schiff
14%
1
1
1
Stocks
24%
800
—5
.
common
14%
8%
dep rets ord regis
10% preferred
$2
Regis
'.'-4%
30% Mar
400
5
common
Inc
Realty & Construction^
Brewing Co
United
8alt Dome Oil Co
Jan
20%
Jan
1,200
"9%
50c
Roofing
&
14%
—2
Inc
Textron
9
31%
100
pfd—
7%
Co..
Jan
10,300
11%
41% Maf
Jan
3%
1,400
,
32
9
9Y'
31%
•
common
& Light
Power
8% Jan
18% Mar
600
10%
Ltd
x28.
12% Mar
1
•
common
United Profit Sharing
Corp
Feb;
Feb
450
30%
;
Amer
Lawrence
32
33
27%
30%
\
United
St.
Feb'
16
Jan
Jan
Mar
25%
26%
30%
—10
Jan,
2%
Jan
nil
Corp
15%
7%
•
common
Jan
15
*
Feb
30%
300
•
Petroleum
8% Apr
V~5%' Feb
Jan
Feb
I10
Co
6%
3%
1%
Feb
1%
;-y'*
,
4%
1.25
Feb
Feb
2,900
31%
15
15
1
Feb
32% Jan
25% Mar
2%
26
5
Rotary Electric Steel Co
Royalite Oil Co Ltd
Ftussek3 Fifth Ave common
Ryan Consolidated
Ryeraon St Haynes
^
26
B
Feb A
29%
600
8%
,
1
——
Ray Drug Co
Trunz
Jan
Jan
105'A
"2
>
Inc
27%
Mar
-
*
Tri-Continental
13%
23%
5%
30
Lm
£1
common
Metal
Art
Roosevelt
-8
C%
St Co common
(S)
Jan
65
100
100
rets for ord reg-
400
"
Valley Gas Co—
Cable
V: Jan
27
Feb
Feb
Toledo
2
31
■
Royce Ltd—
Am dep
Rome
28'%
Ills
Corp
-
8% Mar
7,600
'
21
21 •* '
Mar
51
'
9%
!
f /:
Jan
....
"V""'
'
•mm*
1%'
"9%
_•
77%
,4% Feb,
Jan
Jan
5JA
Jan
;i ^17^
50
'
•
.
9%
Feb
<
13%
Todd
$3 convertible preferred——.—*
pfd F
Jan
17%
Co common—
Tobacco Security Trust Co
250"
Rolls
Jan
6%
13% Mar
Tobacco
>■
1
3%
•
..
75
Thew
17%
I
400
Feb
12%
;
13%
Tilo
30%
(Texas Corp) vtc
Rochester Gas St Elec 4%
Roeser St Pendleton Inc
100
7%
Feb
130
.
Jan
13%
Feb
17%
Rio Grande
4%
Jan
„
10
3%'Feb*
'
2% Mar
I10
7 *
13%
(Hugo)
Feb
29%
Richmond Radiator
500
27%
28%
*
(J B)
Stinnes
170
29%
3%
.1
10%
10% Mar
Jan
161
Radlo-Kelth-Orpheum option warrant!.
Railway St Light Securities
k ;•
Voting common
10
Railway St Utility Investment A
1
Rath Packing Co common
10
Engineering
100
■f:/ 20
10%
..Feb
1,300
Amer
&
Feb
4
.
.,
'
-
1,000
Jan
R
Dry Goods
2%
121% 121%
4
4
96
18%
Electric
2% Mar
2,200
12
90% Jan
310
165
92%
93
"loo
Regal Shoe Co—
%
3%
Tivoli
Rice Stlx
3
■
75
El
1
Inc
Tishman
Reliance
2%
Feb
14%
50o
Jan
3 2'A Mar
;
Feb
13
13"%
Co..
Jan
Jan
100
Quebec Power Co
Roller Bit
27%
,
10%
Sun
-
Jan
119
29%
29%
13%
Raytheon Manufacturing common
1,600
Jan
13%
,
3%
Texas
Reed
30%
Jan
10%
Technicolor
I:
30%
10
1
Sunbeam
Jan
8%
%
114%
v:
•
100
1
4 Stop St
}.
Feb
2%
Apr
894' Jan
275
108%
IIa*
common
4%
20 %
3% Mar
St Co common
Stetson
.«
Mar
12% Feb
Jan
1%
15
500
-10
Concrete Pile
Feb
36
,
Sterling Inc
S
1% Jan
85
Ma t
9%
•
775
common
Jan
A' 25% Jan.
Jan:
22
Bteln
Texon
Oats
11%
2%:
Sterling Aluminum Products..——
85
10
900
15%
108
*
preferred
Feb
Jan
17% Mar
-
Tampa Electric Co common
6%
8%
.
Jan
30% Mar
•
Feb
Taggart
Quaker
Apr
'
Feb
108%
108
•
Feb
2 4 "A
/■;/, • / 9
2%
Mar
1% Mar
50
4%
'
13%
1,100
.100
Manufacturing
18
B
Steel Co of Canada
Superior
•
Feb
"••:8% Mar
/.
2<% Jan
19 y4
//Feb;,
32%
'
;:v
600
11%
19%
% Mar
.100
.,
3%
18
Corp
Brewers
43
V " 31%
■
Jan
6<:
•
vi:,
*
3%
10%
■
Colorado—
preferred
2,600
20
.
Jan
34,300
\l
85
1
* 22%
7
,
"
Jan
x42
100
45
-
%
14
mi *
.
Nevada
100
;
'
(A)
-
Sterling Engine Co.
•
Im¬
America
(The)
:
J
15%
700
16
"l%
7%
Standard
Starrett
Jan.
6%
200
2%
Feb'
Sterling
44
7%
1st
preferred
Puget Sound Power & Light-r$5 prior preferred
Puget Sound Pulp 6c Timber
Pyie-National Co common
Pyrene
•
6%
121%
Feb
17
700
~3%
Co
Products
Jan
7%
Apr
Mar
-
5% Mar
Gas
Public 8ervice of
Jan
5%
300
5%
5%
15%
15%
1
Prosperity Co class B
Providence
.200
16
;
common
of
Corp of
11%
i'%
450
5%
5%
24%
B
Standard
7
33%
Apr
7
—•
Preferred
/
Hioo;
Co
Inc
pressed Metals
110%
10
:
Feb;
.
23%
29%
•
(Ky)
class
Common
0
46% Mar
61
209
21 "
11
Mining
Prentice-Hall
Producers
Feb
14%
Jan
8%.
30%
Standard
9
r •••
7;
■V 41 / Jan
: ' 29% Apr-
1,100
~1%
Standard Power & Light
51% Mar
1,860
common..
1st preferred
Pratt St Lambert
10
—
.2.50
common
of Canada
53%
51%
-_25o
-
Alexander
Power Corp
10%
700
—10
common
Mining Co
Powdrell St
a,50O'
"
Feb
Jan
Feb
35% Feb'
Apr
7%
& Seal common..—
Oil
Jan
29%
'
Feb
3% Mar
Jan
-
Jan-f
6%
46% Mar
—
Polaris
Jan
3%
Jan
Mar •-
4 '
»,
Pittsburgh Metallurgical common- .—5
Pleasant Valley Wine Co
.—1
Scale
21
Jan
3%
1,800
—50
RR._
?'Pittsburgh'Ar Lake-
Pneumatic
.14%
400
-
6V«
5%
2,100
29%
24%
preferred.
—
Dredging Corp common.
$1.60 convertible preferred—
Standard Forgings Corp
shs—
Am
Ltd
Mines
20
19%.
29%
29%
Convertible
-
y;;;,;:j' High
2% Mar
-?
1,400
29%
8%.
Standard
Piper Aircraft Corp com..
Pitts
Feb
21%
31%
Brewing Co——.——
Standard Cap
Feb
29%
29%
Royalty Co..
Standard
v
12% Mar
300'
29%
—
Spencer Shoe Corp
Stahl-Meyer Inc
Jan
18% Mar
common
Johnson
Feb
12V4* 12%
common
Governor
Jan
8%
5%
29%
..—
9%
1,800
9%
5%
6%
preferrd B__
Southland
*
200
31% Mar
5%%
13% Mar
10,400
7%
'
5G%
Jan
Mar
3%
7
-
Jan
69
Low
3%*
C
preferred series C
Southern Pipe Linei.
10%
"9%
-50c
com
Phillips Packing Co
Pierce
Jan
7% Mar
700
12
V 6%
Feb
5%
Kanrc Since January 1
High
"5%
••
r
—
fv) 5% original preferred-
Feb
113%
Jan
62% Mar
500
7%
44
,
.
11
.2.50
4%
Jan '
112%
;r"43
—30
.
Pnaris Tire ec Kuooer
Philadelphia
IIIi
'
28%
Penn Oil common—
'
Corp common—
South
200
62%
Corp..
Coast
5%
5%
Co
Pep Boys (The)
Pepperell Mfg Co
South
112% 112%
pfd—_ ..100
.2.50
Si Power
51% Jan
5%
com
Light 4%%
Shares
:*
Manufacturing common.
74%
Jan
.I 8% Jan
£ 3% Jan
140
■
for Week
Vi '3%*:
...—
Jan
4,100
6%
10%
10%.
10%
Co
Feb
Sobs
26%
6%
6%
—I
class
Sonotone Corp
47
1123
.
warrants—
Range
of Prices
Low
Feb
18%
Jan
Sales
Last
Exchange
Curb
59%
50
50%
50%
Pennroad Corp common
Cement
15
700
r
•
u
Peninsular Telephone common
Penn-Dixie
16
York
High
Low
High
1594
New
Range Since January 1
Shares
of Prices
Low
Par
Week's
Thursday
Sale Frice
STOCKS—
for Week
Range
Sale Price
Exchange
Curb
WEEK ENDING APRIL 4
Sales
Week's
Thursday
.
EXCHANGE
CURB
YORK
NEW
9
91/4
300
6%
6%
2,000
2
2%
200
7%
7%
500
113% 113%
20
8%
Jan
2
7%
8%
Jan
30%
100
30
-20
29%
30
100
29% Mar
Western
Apr
8%
Feb
Westmoreland
Coal
-TxTTT
-1
112
\
Feb
12V2 Feb
8%
Feb
8%
v
Feb
2%
/
Apr
30%
Jan
Apr
Jan
113% Mar
Feb
1,600
Feb
Feb
'
Jan
11%
Jan
5?8
V
27
Janr
11%
15%
Vl
nl
113%
Jan
5
Maryland Ry 7% 1st pfd—100
Tablet & Stationery com
•
Mar
13%
Apr
Feb/:.;
6% Mar
111
!'3%
•
;
Mar
Jan V
„
,
12%
Feb
117,
Feb
32
Mar
33%
Jan
Number 4583
165
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
.
NEW
RANGE
Week's
Thursday
■'###:
York
Curb
Low
Whitman
& Co
(Wm)
Wichita. River
WiUiaras
Wllleoa
<R
Oil
C)
Wilson
&
Winnipeg
Cc
7
Woodall
13%
19%
Jan
.1970
Jan
8%
Jan
Power
Jan
213/4
Peb
Public Service
1,400
7
100
20
15%
Feb
'
4%
4%
100
107
Inc.
15%
Jan
v.
1- 108%
15%
143/4
15 %
300
#.13
10%
10%
10%
200
10
.
IF W)
American
Ltd—
-/
Feb
10 3A
*
*
\
r
6%
V#
"
5s
fI
deposit receipts
'
preference—.
•
_2~% ^
>~2%
23/4
Tcan)
Corp
5,900
.
-
.#2%
Mar
5%s
•
series
:
J
I
Amer Wjltlhg Fiper6&__.
t
.
I
.
*
■
f
.
1970
2024
»
I
California
.
-
■rll0% 110%
Low
■
-2
102
109%
-j
110%,'
U83A
r
102%!
*
4
•'
of Canada—
V '
.
103 %
105'/a
108%
:
75
74
F-A
64 %
64
106
-.72
136
74
.
65%
159
57%
68
1037/s
105
..
/
9
,
,
1
101%
/
104
159
:
170
169
>
$104% 103%
:
1045/b
106
120
1211/i
'
(Calif)
4
97%
106% 107 %
.io
106 y4
107%
A-O
I" 107% "107%
.1
106'/a
107%
85
.1971
I'»
J-J
Power
Si
M-N
1950
A-O
103%
i
107%
.
114
108
101
103% 103l/2
:V
—
104
104
...
$i07%
104
89%
- 114
116
>•
.
^.—.1946
J-J
$31%
42%
;w.;>i: 39.;,": 47%
''
-1948'
A-O
.1968
J-J
.1949"
J-D
- 40""
40
...
L-!
A-O
106%
102%
104%
4IO3
2
103%-103%'
1043/e
1053/4
5"'»
102% 102%
103%
47%
•
104%
~2'
""1053/4 105%
.
•
4.-0 ^
36
'xy.
$104% 104%
,
.A
,
Jf-N
.2022
4 7,
JLIO^j iiOfV
>
1043/4
;110A
111%
"
—1964
J-D
.1959
' '
-... •
F-A
••.iv
68"
,•
.
7:,.
70
,
$109 %/
A-O
1960
...
J-D
2030
Power 3V2S
Water
M-S
1954
debs
income
Wash
-c
65
•
72%
;
-109%
-
110
-
•
•
Penn
Electric
Penn
Traction
Western Newspaper
5s
5s
\ ,107
;
Union—
—
1
$118
,
I01%* f
A
6
.107
'
105%
108 7
J/115% 119 /.
-
105
105%
100%
Light Co—
West
102%
103%
/5
F-A
1989
3%s___.
West
102 %
$104%
•
/
„
r
V
.1970
;
Light & Power Co
A 5s
52
97%
,
3%s
Debenture 6s series A
,
#
102 3/a 102%
1
121% 12" %
97 3/8
—
%
Elec
97%
M-S
Waldorf-AstoriaHotel-i--
86%
,
1958
A-O
104%
104% 104%
49
1969
#
'
/ .Debenture 5s—
165
104%
20
104% 104%
102 %
J-D
1950
115%
#
165
#
13
75%
72
M-S
..Jan 1966
;
...i
-
; 73
M-S
.
114
170
105%
105
J-J
I.AChlcago Rys 5s ctfs (part paid)_1927
Cities Service 5s
Conv deb 5s
5/: Debenture 5s
$166
>
—
1954
'
%
—
105
J-D
1948
I n CentralStates Electric 5s
A5%s
Q-F
1970
:
107%
A-O
—_—
' 119%
$114
J-D
1998
Edison ,2%s—
106
105%
2
M-S
-1959
1st-Hen & cons 5 % 8...
United Light & Railways (Maine)
.1953
V; 6s series A_.
,
.—.I960;
f-5s series C—
Bethlehem Steel 6s
Boston
:>'
4'$168%
A-O
j
*
'
,
105 %
/A
'
Utah
# Bell Telephone
;.#U
/.%; 101% 1€1%
._
107%
.1970
....
if
Gas Si
Toledo Edison
•United
106%
U06a/4 107%
":
108
107%
-is
'
'.United Electric N J 4s
119%
102%
"103% 103%
J-J
-
.1965
3%si
Gas
,Stinnes.(Hugo) Corp—
A7-4s 3d stamped
•
102%
1023/4 103
J-J
••
105Va 103
80
107%
.1951
(Stinnes (Hugo) Industries—
j
A7-4s 2nd stamped^.'.^:
"
Jf-N
.
1964
,
High
100%
•
1118% 119'/4
J-J,
T
January 1..
'
__
1955
*%»—
Atlantic City Electric
$101-
No.
v
.
105% 105%
M-N
3s
1st mtge 3s
r
Range Since
# bold
LOV) .High #
1953#
.
Assoc T & T deb 5%s A
v
j-j •
J-D
-
Bonds
Thursday's
J'D
104%
77
—-
■;
$108Va 10K
—
106%
102%
■4 ./
88
109
1053/8
:■
.1952
Edison
Spalding (A G) 5s
AStarrett Corp inc 5s
Bid A Asked
.
.1949
Southern Counties GaS
or
.
Sale Price
Period
19 61 .:
V Appalachian'Power: deb 6s
to Associated
Elefctrfc 4%'s
v»
##
{
Jf-9
.1952
California
Week's Range
'
Elec Power 3%a_^.
Appalachian
.
•Last
Interest
,
105%
$107%.":.
J-D
A
Southern
Feb
-r-
Thursday
■':/...
.1964
Ban Joaquin Lt 81 Pwr 6s B
Scullin Steel inc mtge 3s
Jan
"3%
-
'
J-J,
5Z2ZZZZ*! .1959
4%s
■//.__
High
108%
:#
■
Queens Borough Gas A Electric-^
■
•
Southwestern
BONDS'.
103
-$78
>
__
J-D
Low
3
v $105% 10i%
F-A
J-J
January i
No.
108% 109
..
„
Range Since
Sod
Htgn
Co of Colorado—
1
/
Bonds
s
Bid & Asked
~
'
,/
New York Curb Exchange
.1959
5a.
mtge 3%s
Southern
A
.#
Light
Public Service of New Jersey—
6% perpetual certificates
....
Jan
ie.
14%
Feb
133%
1
V
.Wright Hargreaves Ltd—:—
Si
C
'#. 16% Feb
Jan
r
•
"Woolworth
Power
Sinking fund deb 4s
.
Feb
Feb
7
4% Mar
.1
Petroleum.
Feb
Jan
12%
100
—.
.1
Industries
Woodley
.1964
Lexington 1st mtge 3s.
Pennsylvania Water & Power 3%s. .1964
73/8
-_10
Portland' Cement
Wolverine
Pacific
Park
20%
—
"f
Jan
•»
Thursday
or
'
15%
.100
pfd
v'
A-O
Feb
1st
Si L 4%%
A-O
.1971
mtge 3%s
3s
Jan
350
7
1st mtge
Jan
19%
lt3/4
•
Sale Price
.1968
27
20%
1
1st
20%
16%
..25
Power
Jan
13 V*
#.., " >
16
Ohio
16 % Mar
50
•
—1
common
-17%
22% Mar
100
22%
16%
W eek's Rsn^-;
Last
Period
Exchange
Low
Mar
19
Interest
\
High
v#
Jan
18
16%
Elbe common
P
*•#:
22%
•
preferred ww
Wisconsin
r
■#
15% Mar
-1
Inc_
Brothers
5%
High
..10
Corp.
Products
LOW
■
New York Curb
Range Since January 1
1
Mfg
t#J
4
BONDS
Shares
—10
Inc
APRIL
Thursday
of Prices
■
Westmoreland
EXCHANGE
ENDING
for Week
Par
We yen berg Shoe
WEEK
37
*
Range
Sale Price
Exchange
FOR
Sales
.
Last
STOCKS—
New
CURB
YORK
(1893)
Jf-Q
105 3/4
105% 1053/4
32
6s
.
conv
debentures
1
s
101%-102
101%
104 "
.
106%
Consol Oas El Lt St Pwr (Bait)—
vV'lst ref .mtge 3s ser P
Consolidated
-■Gen
$109
J-D
107%
J-J
A-O
1954
A-O
1993
1993
Af-N
60 %
$29'/a
106
104%
105 3%
119
61
May
104V*
14
32
105 %
105
105
109
10'-
119%
58
68%
,,
__
104% 1043/4
1976'
1981
ref 2%s series R
1st
)
1960
1st,ref mtge 2%s ser Q
,
.
'
,
Foreign Governments & Municipalities
(Bait City)—
Gas
mtge 4%s
$116%
—
Delaware Lack & Western RR—
.;■:## 1st mtge 4s ser A
A 1st
i.
.
'
'
Eastern
'
4s ser B
mtge
Gas
Lt
RR
Si
Residential
Finland
1961
Hygrade Food 6s
6s
series
P
A-O
$1033/4
3%s
International Power
MA 7s
1043/a 104%
M-N
1941
1957 7-
1941
1957
coupon)
1952
A7s (July 1941 coupon)
#
Interstate
Debenture 6s
Kansas
Electric
Kansas
Gas Electric
Power
-
343/4
42
J-J
1966
2022
M-S
22'V
267/s
92
..'
96
89
94
21
.
,
29
'
16%
;
$3i%-"54"4
|V
„
##$30%
..
'
183/4
89%
33%
(Plan A)
2%
Rio de Janeiro stamped
42%
reduced
Interest
to
Jf-N
A-O
J-D
$52
r
__
111%
$110
110
$1053/8
105%
1950
F-A
$102% 103%
102
A-O
4%s
1967
M-8
Eng Gas & El Assn 5s
1947
M-S
1948
J-D
100
100
100 %
17
1950
Af-N
100
100
100%
29
1961
1948
M-N
A-O
107
107
101%
1954
J-J
103%
2004
J-D
,
35 "
1
; ° $30% '33
J-J
J-D
37
31%
4#
•:■"#
4%
51
3%
b
4
4%. •"'
4
J-J
.10 98%
ve
' 4
4
13
4
6##
1033/4
1963
05
31
32%
107
McCord Corp
i
'
__
111
J-J
36%'
:
##:
4 £8
1113/4
J-J
1970
..
53
■Vt.iii, !> 1
$90
M-S
52
52
__
:>$24
„
2012
313/4
530%;
52
3-D
1919
-.1921
Government 6%s
ARussian
A5%s
1969
■V# 31%' 31% #
32
"
94
43
»
,
,
102%
99%
Power & Light 3%s
Kentucky Utilities 4s
6s
Kansas
Midland
at 4%
Milwaukee
New
deb 4%s__
Gas
«No
to
Light
5s
deb
Conv
5s
New
England Power 3%s
New
England Power Assn 5s:
5%s
Debenture
#
NY
&
11P/4 111%
Valley RR—
Extended
Westchester Ltg 4s
18
58%
58
99%
15
100 &
100
g
1043/4
103
$103% 104
100
583/4
55%
A5%s series A (90%
I
v
2
105%
102%
103% 103%
33
102%
104
102
1025/8
STOCKS—
—
„
9%8
10%
tive; "conv,"
Arundel
•
Corporation
Fidelity
.*
5
29
26
i
vtc
/ Fidelity Guaranty
Low
548
22%
r
20
STOCK
.
APRIL
4
Feb
5
Apr
9%
Jan
20
Apr
44%
Jan
20
150
Mar
Insurance Corp—10
40
21
40
104.
#160
Jan
Feb
Jan
40%
#_
Agrl Chemical Co
*
41%
American Sugar Refining common-.lOO #
165 #
American
Tel & Tei
lw
35%
American Woolen
*
104
13
101
100
12
Apr
38
43
Mar
104
Anaconda
Copper
& Son
Mar
&
S
Commercial
Fidelity
.
: t.
50
Transit
5s series A
,*;
For footnotes
1975
Co 4s
#.
see
..jiTi.
page 46
1975-—
-
"!# "
443/4
44
44%
v'
.
-
12
12
10
common
Guar
■
Bonds—
Baltimore
&
56
—
*
Inc
Albany
13
Jan
■
Herald
Boston
81
100
25
100
RR
Edison
Elevated
7%
rt-.-
87
9.7.
87 %
^2
"
$5,000
.JLOJBJQ.
" 87
.
93
Jan
;<•..» \'i
90%
,
41%
High #
Low
38%
407/s :## 12-3
fS
-•
42 %
443/8 Mar
Jan
Jan
443/i
Feb
1643/8 Mar
' }
174%
Feb
503/4
Feb
40%
166%
2,€21
33%
39%
41#
40%
1 095
267/s
Jan
L39
37%
Jan
42 % Mar
163/4
17%
165
40%
Ry
17%
-
•
A->% Mar
3,!91
433/4
45%
61%
60%
64
34%
34%
125
31
120
57%
823
■
Traveler
Maine
•
Corp
RR—
10f»
preferred—
__100
preferred stamped
101)
5% class A 1st pfd (stamped)..
—100
7% class C 1st ofd (stamoed)..
Boston Personal Prop Trust
prior
31
Feb
,.58..
Feb
303/4
:
^
3%
6%
—
3%
1 .j
6%
50
6%
15%
150
6%
15%
'
15%
•
*
'
75
:5
29 % Mar
3 %
Mar
6
14
Apr
Mar
6
%
Jan
Jan
Jan
£0%
.
Feb
69%
.
Feb
50% Mar
19%
135 "
...
v
119% Mar
t'7 :
453/8
Mar
16
235
•'
121% 123
123
6%
'
#
Range Since January 1
High
Feb
46%
Boston
Boston
Seaboard
v
Jan
Boston
U
Shares
403/e
American
Bird
100
of Prices
...
for Week
Low
Par
Boston
.
Range
-
25%
270
151
Sales
Week's
'
Sale Price
STOCKS—
705
32%
^
EXCHANGES
ENDING
High
Mar
40
40
UEffective
Range Since January 1
150
#Mt Vernon-Woodbury Mills—
'# 6.75 % prior preferred
.
stock; "vtc," voting trust certificates;
'
1 - ,
"
,
" "/#
w," With warrants; "x w," without warrants.
March 26 quoted ex 10% of principal payment.
Last
20
& Deposit Co_
-
Boston Stock Exchange
High
5
5
100
#Balt Transit Co com vtc
Preferred
21%
21%
9%
FOR WEEK
convertible; "M," mortgage; "n-v," non-voting
J," 'when Issued; "w
Thursday
Shares
Low
«'
••-
.
certificates of deposit; "cons," consolidated; "cum," cumula¬
for Week
of Prices
Sale Price
*
Sales
Range
Par
sales being transacted dvuing current week.##
:
Abbreviations used above—"cod,"
Exchange
Week's
Last
x Ex-divklend.
1073/4
101%
$95/e
i
no
^Reported in receivership.
"w
Thursday
and asked prices;
eOd .l-lot sale.# f Ex-distribution,
y Ex-rights.
,
/
d Ex-interest.
r Cash sale,
traded flat.
ABonds
13
$102%
Baltimore Stock
being
100%
RANGE
5
Under-the-rule sale,
100 s4
OTHER
'
Deferred
99%
101% 101%
J-J
redeemed)_1948
a
n
$Thursday bid
100%
delivery sale,
value,
dividend,
par
Ex-stock
99%
:
North Continental Utility Corp—
i
.76%
.76%
25:#
1€%"
#
78
#•; 77 =
29
$13%
J-D
/
1947
1947
1931
—
AMortgage Bank of Chile 6s.
38
78
$1053/8
J-D
33
30
88
Low " High
4(4
$20%-
M-N
,.
Mortgage Baiik.of Denmark 5s.^.Jl973
Parana stamped (Plan A)
>
Interest reduced to 2 %s_.
2008
'40
44
$38
"January 1
No.
94%
-
"
39%
''37
4
37%
(Plan ,A);
■ ^
reduced to 2%s—.—2008
stamped
1951
(issue of Oct. 1927)
A7s
41
1
'
7s
Mortgage Bank of Bogota—
A7s (issue of May 1927)
38
100% 101%
89%
J-J
4
..
M-S
6%s stamped 1958
(Peru)
Interest
./.
AMedellin
38%
33
38
•JO
101
J-J
1952
3%s
37
32V4
1963
:
-
37%
1957
Altalian Superpower 6s
■I
35%
38
38
J-J
1952
5s
Power
104%108 V*
f
^
94
Range Since
Bonds
Sold
„
$25 %
$9°
;:.,
.
Maranhao stamped
„
104
38%
$38
F-A
104 ■'*
.
.
—
$76%
J-D
M-N
F-A
,
stamped'—,—1952'V. J-J
'6%s
A External
ALima City
106%
__
38
J-D
1953
coup)
F
•:'7A7s series
103
35%
1953
1
E
series
A78- (Aug
V#
.
(Dec
Danzig Port & Waterways—
107%
102 3/8
103
F-A
$106%
1953
5s
$76%
r
..
,
Low--High
^
..
s
Bid A Asked
__
J-J
Sec—,
C
series
A6 %s
106%
A-O
J-J
Thursday
or
Sale Price
-Period
—1955
—
Extended
68
65
.
Danish 5%s
'■-•.*?*:/W-V-.
•
1970
;
*
$105% 107
'
A6%s
683/4
1963
—:
L
St
$66%
105%
106 %
•
Week's Range
Last
Interest
/.
Exchange
Curb
Agricultural Mortgage Bank (Col)—
A 20-year 7s
April 1946
A 20-year 7s
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1948
62
55
1043/4
York
New
...
84
105
12
$105% 1053/4
1950
5s
Indianapolis
58
104% 104%
104%
A-O
.Jan 1949
5s
ref
81
J-J
Jan 1949 *
:
B
Service
Hen
1st
A
ser
$._
J-D
76
82
M-S
1958.
82
J-D
J-J
1963
33As
Power
Guantanamo Si Western 6a_.
Indiana
$120
1948
1950
Rayon Co 6s ser A
West 4s
Mountain
Green
-
r-4.27%;.36Va
#'4# 104 .,'106
# ** 124 " 124
105%
$105
M-S
4
'
Mtge Bank—
# Grand Trunk
■
J-j
1956
1
5s
stamped
6s
AGenerai
BONDS
iyoo
3%s_;
Fuel
at
Water
Elmira
Thursday
of N J Division—
Lackawanna
v
,
Jan
37%
Jan
39%
Feb
4
Mnr
8
Feb
7
Feb
18
Jan
38
THE COMMERCIAL & FINANCIAL CHRONICLE
(1894)
OTHER STOCK
FOR
RANGE
Last
Range
y
of Prices
Shares
■
STOCKS—
5
Hecla
&
Service
Cities
Thursday
V
High
Eastern
6%
Fuel
&
Gas
>'
Low
10
7%
Jan
8%
Feb
Kentucky Util Jr
30 /a
69
23%
Jan
31%
Feb
Leath & Co
63
200
64
64
—
Feb
67
Jan
Ry—
6%
1st pid stries A
...
preferred B———.
57c
pfd
'-■/6%
100
—
Street
Mass
907a
9072
100
,
10
90%
Apr
99%
105% Mar
124%
110
15
3772
38
35
227a
227a
24
28%
2874
28%
2974
30
104
29% Mar
567a
587s
132
53%
35%
357*
357a
1,551
305/a
30%
327a
1,105
310
44% Mar
51%
70% Mar
78%
Feb
Mar
7%
Marshall
National
Gillette
Feb
•
III
»
Stores—
Electric
General
'
.
♦
Co
Razor
Safety
preferred
Copper
Jan
35
Feb
480
477a
20%
Jan
24% Mar
25
4774
707a
717a
477a
—.————,
Cement—
Star
'28%
Jan
30
47
Middle
"Jan
Field &
'
.100
preferred
5
>.«
Alkali
Mathieson
7
7
32%
30
30
297s
527a
34% Mar
151
297a
29
51
51
1
20
5
17
17
177a
1
40C
40c
42C
——*
Narragansett Rac'g
Inc
Assn
Nash-Kelvinator
—;
Cos
Service
Feb
32 % Mar
Hart Inc
common
5 V2 7o
19
6
30
Jan
England Tel & Tel
North Butte Mining-—
103%
32%
51
155
21
Pacific
Mills
.Pennsylvania RR
340
8,080
1%
"2%
Jan
19%
67c
American
7%
.•
Rutland RR 7%
21%
90
Circle
103%
Apr
121
Jan
1%
120
Jan
Feb
135
Mar
220"
2%
Car
Quaker Oats Co
2%
Feb
4
Jan
28%
Jan
32%
215
2174
1,292
1%
Rath
Jan
Co
Sangamo
12%
12
60
100
14%
39% Feb
Serrick
26%
Feb
4%
Feb
Mar
14
137a
Jan
17% Feb
Shoe
United
67c
30
35%
60c
Jan
44%
61
437a
Feb
49-%
49%
50%
3,236
9%
9%
97a
101
25
70%
70%
250
Machinery common
25
46
10
Ref & Mia
46
51 %
16%
16%
100
19%
19%
50
487a
—50
com
67
&
Mass
Waldorf
Warren
(S
100
Co
D)
new
141
5
17
17
65
*
18
18
20
25%
26
285
common.
Westinghouse Electric Corp
12 %;
25%
Jan
Standard
51% Jan
Sunbeam
71
Jan
Feb
Admiral Corp common
Advanced Alum Castings
Ball
Aetna
Allied
Bearing
Laboratories
American Tel ft
Low
1
•
Co
5
Jan
common—
•
-
10%
100
165%
6
13%
1
2%
'
V:.
ft
Armour
Co
'
common
Athey Products capital
3
gAvco
Washer
common
Manufacturing Corp
Barlow
&
Belden
Mfg
Seelig
Co
class A
3
conv
common
18
Corp
16%
Jan
Feb
17%
Jan
15% Mar
18
300
26
Feb
11%
400
1072
Apr
23%
150
28%
Feb
Jan
Sundstrand
Certificates
208
190
Feb
Jan
180
Feb
ft
Sons
Piston
(E
J)
Ring
1
capital
Burrell
common
Co
8%
700
6%
750
21%
800
2174
—.2 %
11
12
200
11
Mar
5
5
100
4
Mar
5%
Jan
92
Jatt
9472
Feb
Rnmmonrf
c
He-in
Feb
Apr
14%
Feb
Apr
13 7*
Feb
Mar
13%
Feb
13%
43%
class
Dr
Inc
ft
500
orewmv
16
300
10%
18
19%
100
17% Mar
400
17%
14%
13%
550
13%
Apr
10
14%
10%
500
7%
Jan
22%
23
17%
8%
125
8%
*
7
30
70%
Jan
Jan
Jan
Jan
16%
Feb
21
Feb
23% Feb
20
Jan
11% Feb
24%
Jan
9%
Feb
65 % Mar
9%
85
Feb
Feb
30%
30%
100
24%
200
25
4,700
x29%
Apr
33%
Jan
117a
372
*
*
117a
37a
31%
For footnotes see
page 46
1G%
11
300
Jan
267a
Feb
12/
Mar
2874 Jan
32
Feb
25
Jan
29
Feb
35
Mar
387a
Feb
Jan
1274
Jan
x247* Mar
•
8%
—*
27%
27%
28
600
2874
Jan
*
*
1
5
10%
10
10
Mar
12 7a
Feb
15%
10%
15%
300
15%
600
15% Mar
167a
Jan
97+
Feb
347a
Feb
77s
'100
28
28%
2,400
1372
13%
500
32%
32%
3374
3%
37*
300
40%
407*" 40%
800
3974
7%
*
—1
—10
774 Jan
28
18%
18%
18%
100
30%
307a
307s
19%
197s
20
150
25
34 %
3474
35%
1774 Feb
317a
Jan
38
37a
100
common—5
Mar
137a Mar
70
10
Apr
29
Feb
y
474
Feb *
Jan
Feb
42
1874 Mar
,
300
of
X22
Feb
33
Feb
Mar
1574 Mar
227a
Feb
3374 Mar
-
377a
Jan
Jan
257a
25%'
100
227a
Jan
267a
2
29
29
2972
500
24
Jan
307a
*
52%
5274
5272
230
51
Jan
54
Feb
73
73%
300
697a
Jan
797a
Feb
deposit——
(The)
common
•
—
preferred
prior
2572
*
25%
500
2072
25 %
*
207a
50
101
101
101
Feb
117a
1472
Bankshares
Indust
Mach
—
cap
28%
Feb
Feb
23%
Jan
100
4
47a
-
137a
Jan
Jan
1672
Feb
150
10%
Jan
127a
Feb
1,100
37a
Jan
500
47a
1472
14%
147s
Jan
Jan
Copper
397*
200
37%
———.—1
17%
17 7o
200
16% Mar
20%
117a
11%
300
107a Mar
113/4
Jan
127a
Feb
—•
972
"5%
700
5 7a Mar
674
Feb
772 Mar
872
Jan
3478 Mar
3974
Feb
474
500
53/4
Feb
57a
5%
300
167s
100
3%
277a
5 s/8 Mar
287s
new
com
1
67a
common—
Jan
77a
Feb
Feb
6 3/8
14
200
1174 Jan
1474
Feb
2674
400
247a Mar
31
Jan
25
Jan
307a
Feb
213/4
Jan
2572 Mar
700
247a
874
6
—18
25
J
300
97a
600
13%
137a
287a
300
14%
1,200
147a
147a
673/8
13
107a
Jan
137a Mar
Feb
Feb
677a
15%
Jan
Corp common—
1
— —
1
97a
—
—
'
—
97a
9%
Mar
70
Jan
13%
677a
100
Feb
1578
307a
253/4 Jan
Jan
17
•Feb
21
Jan
2434
64
Standard^SteelBprtogi^dss
Sunrav Oil Corp.
United Corpv
Jan
83/4 Mar
400
277*
13%
Socony Vacuum Oil Co toc_-
257a
8%
•
Radlo-Kelth-Orpheum
Co
337a
13%
Republic Steel Corp common.
Wilson ft
Feb
197a
26%
Radio Corp of America common.
8tudebaker
22%
273/s Mar
300
33%
N
Feb
Jan
Jan
6%
-2%
Corp.
Pepsi-Cola Co
of
67a
1572
2674
Car.
(The)
Jan
17
.10
Pictures Inc
Oil
Jan
167a
Light.
Amer Airways
Btandard
Jan
Mar
500
4
Motors————
North American Co
Pure Oil Co
42
53,4
V.-r
35%
Nash-Kelvinator Corp..
New York Central RR capltaL
Motor
Jan
7"
7.
Paramount
*
357a
Farnsworth Television ft Radio.
Lar.Ted* Gas
Feb
39%
Curtlss-Wright
'7'f.
Feb
417a
80
Mining—..—
Gcngrgte fllecttieMCor
Graham-Paige
6% Feb
17
'
Mill—————*19
Columbia Gas ft Electric.—.—
Pan
Feb
Apr
127a
Continental Motors
Packard
101
1278
50
"
lulling
Certaln-teed Products
'
Mar
700
Stoeka-
American
Anaconda
Jan
1974
3374
common
common
ut
,
24
10
11%
Jan
550
117a Mar
13%
374 Mar
4%
—
77a
1,000
Jan
common
13%
Feb
1074 Mar
374 Mar
.
„
47«
15
Jan
Jan
Jan
Cincinnati Stock Exchange
Feb
Jan
Thursday
86
Feb
99
Jan
167a
Jan
23%
Feb
23
23
100
1974
Jan
26% Mar
12%
127a
1274
800
87a
Jan
15%
15
12% Mar
Balcrank
157a
1,700
133/4
Feb
16
Jan
Baldwin
107*
107a
250
978
Jan
11%
Feb
Beau
19%
20
200
Jan
20
Sales
Apr
20
8%
59
200
60%
874
14
7%
400
8%
'
1%
52
450
14
Apr
Jan
9%
65
77s
Jan
137a
Jan
16
18
Jan
Jan
9%
Jan
W
19
19%
107a
197a
1
10
1874
111
100
Feb
1,350
400
\
197*
97a
100
19
Mar
Brummell
;
•
Preferred
.8.50
1474
550
14
62%
6274
64
257a
257a
23
2374
1472
14%
t«T4,
Jan
Cincinnati
Telephone
Union
11
Mar
Stock
Crosley Motors
Drug
210
627*
Apr
70.
100
247a
Jan
29% Feb
Kroger
350
20
'
22.7
Jan
25
Feb
Procter & Gamble
14%
Apr
18
Feb
24% Jan
Kahn
—
•
;
150
14
8%
87a
1
167a
Apr
77a
10
772
Apr
22
2274
223/4
26
r
108
123/4 * *
it
424
26%
108,,
13
13
267a
Feb
297a
Feb
v ■
1274
56
13
Feb
Apr
Apr
110
14%
Apr
47
12 7a
107a
103/s
30
107a Mar
117a
100
117s
Jan
61%
61%
20
6172
Apr
1472
Jan
5274
Feb
Feb
997* Jan
9472 Mar
117a
103/a
Jan
28;
10672 Mar
308
9574
Jan
Mar
.,26
16
.
1374
878
Jan
Mar
223/4
40
12%
"'20
22
5
94%
—
7"
Jan
14% Mar
Jan
14
Feb
1274
Feb
69
•
Jan
:
40
7 19
Randall
14%
300
87a
250
137a
Jan
8 7s Mar
151/4 Feb
U
10
U S
Feb
S
2074
20
207s
620
20% Mar
class
;
A
53
53
_*■
Rapid
1
III*
167a
High
3774
Jan
50
'
20
*
*
Preferred
.
Yards
200
77*
267a
■
Apr
674 Mar
67a
22
—.50
j,
Feb.
1474
Low
317i
134
33
674
~7%
4
14%
'•
20
Gibson Art
Feb
♦
Cincinnati/' Streeti.^_——.2
Mar
20
Range Since January 1
High
3174
67a
100
Feb
15
400
14%
32
:—*
Mar
2074
•
Low
——*
Champion Paper & Fibre
Cincinnati Gas common.—
Feb
.-J.—1
*
207«
^
Shares
167a
Dow
20%
'yi,
for Week
1
24% Feb
22% Feb
)
95
Range
of Prices
Par
Burger Brewing
18
Week's
Last
Sale Price
STOCKS—
American Laundry Machinery———20
774
59
100
common
700
-—*
Tool
Apr
8% Mar
100
3
Katz Drug Co common
36%
1
Cincinnati
Interstate Power $0 preferred
35%
11%
30
_•
""
35%
5
800
•
|
350
15
19
1
III
25%
12%
95
III
wimmnn
25%
15
92%
III®
common"
25%
127a
19
5
(new)
150
15
19
10
common
30
2
95
a
common
30
Feb
(}%
Apr
29
22% Mar
Feb
common
90
1074
Mar
Jan
Jan
67t
11%
94
77a Jan
6
Feb
30%
X297a
23%
243/4
Inc..
Jan
50
24
30%
92%
92%
29%
Westinghouse Elec & Mfg common.12%
5
Illinois Central RR common
Kellogg Switchboard
Apr
30
Co G capital.
Prod
63
1,650
78
Jan
7% Mar
450
8%
75
20
300
65
8
75
*
Indep Pneum Tool (new)
Mar
40
common
Corp
40
7
A
Dk
11
15%
15
Instrument Co
Steel
21
29
Co
Hibb Spencer Barciett
Indiana
Jan
Connell Dredge &
Bros
Werner
19%
7
Util Corp
Harnischfeger Corp
Heiiemun
150
18
10
Corp common
Corp common
Refrigerator Co common
Lakes
21
40
6
*%*:•■
"■»
Motors
Goldblatt
Jan
,13%
_l
General Finance
Gibson
20
29
Four-Wheel Drive Auto
Great
Apr
»
Credit Corp class A
Eddy Paper Corp (The)
7% Feb
18
2%
Domestic
Candy
6 % Mar
i,
17%
25
common new
Feb
400
400
5
Dock Co common
Flour Mills or America
Jan
18
300
10
common
15% Mar
18
65
Common part shs vtc B
General
1,050
8%
21%
U 8 Steel common—_—.
.
300
1
Commonwealth Edison common
Consumers Co—
General
Feb
12
5
common
(The) Co Inc
Fitz Simons &
Feb
5%
14%
•
Elgin Nat Watch
13%
4
13%
50c
common
Electric Household
3%
10% Mar
18
*
Dodge Mfg Corp
Jan
100
Jan
1
common
common
Lighting Inc
Feb
19 %
174% Feb
11%
13
10
Chicago & Southern Air Lines
Curtis
11%
•
2% Mar
43%
12 %
Chicago Towel Co
Coleman
7% Feb
500
13%
preferred
Cities Service Co
10% Feb
1,000
11%
1
common
Corp
Jan
13%
*
Central 8 W Util common
Convertible
9%
17% Apr
164% Mar
11%
Carr-Consolldated Biscuit
Chicago Corp
Jan
13%
1
Burton-Dixie Corp
Butler Brothers
common
Cherry
8% Mar
5%
High
2%
6%
8%
6
21%
Alleghany Corp
900
Feb
Jan
American Radiator ft St Ban 00m—_•
Range Sinee January 1
100
2674
175
148
South La Salle St Corp.
Unlisted
200
23 Va Mar
Jan
30
common
Machine
Yates-Amer
14%
6%
23%
Feb
2972 Mar
15
Apr
23 %t
400
5
4372
*
2%
5
307a Mar
Jan
Feb
10
common
Feb
21
iq
—
(George W) Corp
Brach
Burd
6%
5
Berghoff Brewing Corp
Binks Mfg Co capital
Borg
~5
Feb
397a
64 7a
181
capital
50%
145
Apr
11%
4
Automatic
14
2972
2
Jan
ft
common
Asbestos Mfg Co
17%
10
50
Jan
171
Swift ft Co capital stock.
800
165% 165%
30
40
56
Swift International Co Ltd—
100
10%
17%
•
common
Tel Co capital
Feb
Feb'
8%
30
400 ;;
29%
common
Feb
Low
6%
674 Mar
40
-7
29
common.
Works capital
Feb
High
6
100
<
58%
10%
capital
60%
Sales
999
7%
40
10
46%
141
Range
for Week
of Prices :
Shares
,
Feb
—-1
Jan
Chicago Stock Exchange
Last
^
2074
57%
29%
Co common
Lathe
Cumulative
Sale Price
18
1672 Jan
178
common
Furniture
Wisconsin
Par
Jan
Feb
171
Dredging common
(Ind) capital..
Siorkline
11%
Woodall
STOCKS—
% 7%
*
Standard Oil
m
Week's
1674
10%
Wiaboldt Stores Inc common.
Thursday
1672
20
(new)
437a
16
141
•
Ry Co
System. Inc
Feb
1372 Mar
Jan
_*
Prod
Spiegel Inc
Trane
Vermont
247a
9% Jan
3574
v
100
4874
197
Jan
Apr
57%
*
lien pfd
45% Jan
5
527a
20
30O
Society Brand Clothes
37% Feb
97a Mar
preferred
1,100
13%
15%
Corp class B common.
South Bend
Mar
46
44% Jan
2.50
U 8 Rubber
U S Smelting
367a
——♦
Drug Inc
StVz Feb
x
15% Mar
14 72 Mar
115
43%
a
Co
Fruit.
United
Jan
500
1,700
10
common
St Louis Nat Stockyards
United-Rexall
2972
31
*
Corp commorj
Signode Steel Strap common
Feb
Jan
36
Drill
Twist
157i
13
common—..
Electric
Shellmar
30c
10
15%
14%
Inc
Torrington Co
Union
40% Mar
Jan
24
*
common
Sears Roebuck ft
Apr
3
(The)
Packing
Apr
21
65
40c
100
Shawmut Assn
Stone & Webster
Jan
147a
1
common
Corp
Potter
372
*
Jan
2674
40
30%
Manufacturing common
1
Peabody Coal Co cla.ss B com
5
Pennsylvania RR capital..————.50
Feb
Mar
21
—.
preferred.
2072
/-'x 200
15%
Sinclair Oil-Corp..
Reece Corp.._
'250'
Feb
—-.100
110
132
25
—
Mar
15%
23%
common
preferred
Apr
31%
—
25
40
30%
Oak
Feb
Jan
Standard
5
1%
2%
common—..
ilQulncy Mining Co
24
15%
97a
s
Co
Northwest Util pr
Feb
14%
288
132
100
—
23%
Apr
15%
13
Northern 111 Corp common..—
Northwest Bancorp common—
Jan
40c
1,600
105
1%
50
Old Colony RR——
11
24 "
common
60% Feb
Jail
17% Jan
200
103% 105
—100
(N H)——
RR
Northern
Jan
*
Co
National
!; 32% Feb
27% Mar
84
20
90
90%
100
2.50
New
2,000
10
(new)
Perfect
*
preferred
II
"%n
4872 Mar
10%
__
vtc
Montgomery Ward & Co
England Gas & Elec Assn—
New
56 Va
^
*
Monroe Chemical
Jan
27% Mar
100
*
Works—
Apr
10
5
'TcModine Mfg common
Jan
59%
700
30
Linotype
Mergenthaler
National
7
.100
common
54%
45
39
1
common
High
10
11
•
capital
H SI prior preferred
Minneapolis Brewing
Jan
40
Jan
Co
West Corp
North
RR
Central
Maine
Low
54%
45
__
10
—
Range Sfnee January 1
High
54%
7
Muskegon Mot Spec class A
Kennecott
Lone
Low
Jan
60
110
*
common
Group Assoc—
Public Service
Employers
Engineers
First
Inc
cumulative
preferred
Miller &
Lines
S8
Eastern
Shares
50
*
pfd
cum
Ltbby McNeil ft Libby common
Lincoln Printing Co common
Lindsay Lt ft Chem common
| 7%
Jan
38
iUO
100
adjustment—
for Week
of Prices
Par
High
7%
Associates—
preferred
Sales
Range
Sale Price
STOCKS—
29%
«
—
Week's
Last
Range Sinee-January 1
'
Eastetn
APRIL 4
7%
—
10
,
Week's
Low
Par
Calumet
EXCHANGES
ENDING
Sales
for Week
Sale Price
Thursday
■'
WEEK
Monday, April 7, 1947
467a
463/a
46%
141
45% Mar
507s
Jan
"jt
617a
6078
617s
316
607a Mar
65%
Jan
267a
26 7a
267a Mar
267a Mar
_•••
*
»
157s
15 7a
9
7
10
r
180
157a / ,
:
1374
54
Jan
16%
Mar
Jan
'
Printing..
Printing preferred.
49
-50
..
-467C. 49..
.
5174
517a
"
12
.
r
39
41%
"v.
Jan
497a
Jan
.
49
Feb
52%
Feb
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4583
165
(1895) ' 39
OTHER STOCK EXCHANGES
v
FOR
RANGE
WEEK
ENDING
APRIL
;
4
Cleveland Stock Exchange
for Week
Last
Range
of Prices
Low
Par
—
I—IIIlioo
Mfg——,
„i
Electric
Ap?x
Cliffs
Cleveland
Iron
Natural Gas
Erie
Railroad
Jan
13%
Jan
al65%
98
a83/4
50
.
97
39
90
73
■
General
54%
75
Feb
12%
Jan
9% Mar
Feb
Glidden Co
Goodrich
,
l
35%
260
34% Mar
39%
Los
Feb
a59% a60 Ye
83
51%
Jan'
65%
a39% a39%
10
39%
Apr
49%
Jan
0
a64% a64'/a
12
61
Jan
71%
•
*
a547/a a55'/e
70
53
Jan
61%
715
20
Jan
(Un)
(B FX common
Goodyear Tire & Rubber common
Stores
Drug
4. Gray
Bros
Industrial
Rayon
Lamson
National
Tile
N Y
Jan
Jan
31%
Feb
51% Mar
54'A
Jan
Mar
,,Feb
36
Jan
45
al2%
Jan
13%
Feb
36%
Feb
a 12%
35
55
32% Mar
21%
21%
310
21% Mar
1374
15
625
12%
.22
9%
100
9
7%
7%
500
Bandlnl
Petroleum
Barker
Bros
Corp
Barnhart-Morrow
•
common
1
; Jan
1
•
•
—
Oil
Jackson
Byrpn
California
Corp
Co---.
Corp
Products
Certain-teed
Ohio
Edison
Ohio
Oil
35
7%
Jan
Jan
Colorado Fuel
3%
Jan
4%
Jan
1
50
,Jan
22%
Feb
a34% a347/a
115
„
& Iron
Corp
t^'fefa&UA
common-
'4
Pennsylvania
Steel
Consolidated
Corp new com
Radio
(Un)
a9
Oil
Ohio
of
24%
Jan
30%
Feb
Dresser
Feb
Electrical
Oil
Ltd
Co
715
10%
Feb
Garrett
54%
Feb
•
"
1
a73% a73%
6'A
Jan
25
I
Feb
14 Va
Jan
8
22'/8 Mar
(:28 %
29% Mar
Jan
91%
50
13%
Feb
19% Mar
580
Jan
Jan
192
20%
101%
Jan
25
26%
19
25
19
Steel
Dorn
White
(Un)
common
Works
Iron
Motor
.—
.
——
Corp' (The)
a70%
16% Mar
18%
34%
26
26
29
Jan
Mar
59%
Jan
45
79%
Feb
Hancock Oil Co class A
20%
Feb
Holly
a—
—
,
18% Mar
21%
13%
Jan
15 V2
Feb
1.50 Jan
2.05
Jan
10
3,650
1.049
>
165
>
9 '/a Mar
Mar
52%
Jan
65
Jan
Feb
30%
30
Jan
34
Feb
263
54
Jan
58% Mar
82
Jan
30%
55
55
.
56
95
4
95
261
1.10
2iy» -211/8
6%
7
400
Foods
Inc
29%
Feb
Hunt
26
34
Jan
1
Wells
Lane
common
1
Co
;.
*iu"
.
■
'
Los
v-n...
th
.
■
•'^
.
Watling, Lerchen fit Co.
.v
#
Membersl^
Stock
Detroit
1"
■
■
-
■■■-"-••■
-
■
Manufacturing
Petroleum
Pacific Clay
Nordon
Northrop Aircraft, Inc
Stock
Exchange
Petroleum
M
Building
DETROIT
Pacific Clay
Telephone: Randolph 5530
Pacific
Week's
Range
Last
Sale Price
STOCKS—
•
Low
Par
Allen Electric common
American Metal Products common
2
1
17%
11%
17 %
—
1
McLaren
Brown
Oil Co
1
Ranch
__
High
4
Jan
5%
Feb
533
15 %
Jan
18%
Jan
12%
Feb
2%
Mar
2%
Jan
14% Mar
15%
Jan
2
825
14%
514
100
19% Mar
7%
1
7%
375
20%
7% Mar
5'A Mar
20
Detroit & Cleveland
Edison
Detroit
10
common
Detroit-Michigan Stove
6V4
6%
27%
27'A
27%
12%
1
12%
3%
12%
3%
8
Jan
6%
Jan
Jan
27%
12%
Apr
4%
Feb
25 %
945
1,250
Truck
Motor
Frankenmuth Brewing
4%
1
12%
4%
—
35%
35 /o
52
52
Corp
*
1
*
Signal Oil & Gas Co class A
Signal Petroleum Co Calif
6%
prefered class B
5%% preferred class C
So
Calif
Co 6%
Gas
Pacific
Southern
—
33%
29'A
29
——
2%
25
pfd cl A
4% Mar
6'A
Jan
Sunray Oil Corp
2%
Feb
Textron
Jan
v
'
Gerlty Michigan Die Casting
Hudson
Lock
Hard
2%
Car
Motor
Mfg
&
7
•
'
- -
.
v
1
"
4%
—
Motor
8
Jan
19
Jan
450
16% Jan
6%
15%M5%
36% 37%
4% ;:" 5%
200
500
1
Feb
United
1
Products
../.National Stamping
1%
1%
0
—
3%
1%
21
—
10
2
Murray Corp
Jan
15%
Apr
Jan
38%
Feb
Van
4% Apr
6%
Feb
Western
1% apt
2,540
100
100
2,395
21
.
13% 13%
3%\> 3%
1%
23 'A
Feb
15
Feb
Park
,
Motor
Chemical
6%£ 6%
5'%A 5%
*
Car
—1
1
Parke Davis
i
'•..Peninsular
Rickel
.
Products
Metal
1
3%
—2
Co
River Retain
Paper
Scbtten-Dillon *—_1
'
(HW)
8%
»
A—10
,
*
_
11% Jan
3%
2% Jan
..1
Tlvoli Brewing i
Udvlite Corp __A„
-1
„
United
%
—•
—
Shirt
—
6%
1
Distributors---
3%:
de
—~.
-
Walked & Co class B....
Warner Aircraft
common
.Wayne Scrett.F^p4ncts:
.
4%
8%
see
page-46
'32
Jan
34%
Jan
29
Mar
32%
Feb
29
Mar
32
Feb
37'A Jan
40
Mar
40 y8 Mar
47
Feo
517/b Mar
1,446
58
Feb
58.540
.■
;
39%
39%
40'A
54
122
41V8
55%
850
9%
-
649
710
7%
Jan
720
97A
12%
10% Mar
Jan
19'A
Feb
12% Mar
15%
Jan
20'A
20% Feb
20% Mar
620
9% Mar
11%
Feb
250
70% Jan
79 y8
Feb
27%
i ' 18
28 Va
—
—
a8%
18
a8%
5%
5%
64
—
—
27Yz
10
Inc—_*
1
.
o
Jan
22'A
.
Jan
28'A Mar
24%-Jan.
775
100
so
.....
17
Jan /
87/s Jan
..
18
Apr
10
;
Jan
5
Mining Stocks-
Mng Co„
1
Imperial Development Co Wd—
-25c
Cons
Chollar
6%, Jan
3% Jap
4% Jan
Amer
425.
1.485
3% Mag
4%
Jan
American Tel & Tel Co
7%
Jan
8%
Apr
American
Jan
9
8%
9% Ja n
6%.
6%
13^13%
450
950
11%
200
!&%> 15%
100
380=
200;
2 Vo
2,115
coml^A-4^
n
.
:£ 2 %,. /• 2 %*
' HP
io
—
v
£>§-
!
1.90
4C
13% Feb
k
Unlisted
1.40
2,C0
1.900
4C
4,000
Rad
6%
7
Jan
"?.?$
&
Stan
Viscose
San
14%
alb;6
a51% a52%
335
14%
.100
Feb
Atch T & S F Ry Co
65
L-l4
?
..50
a40%
13%
a39% a40'/a
13% 13%
a88%
15%
aJn
Feb
Avco
changed
to
Manufacturing Corp.—-
--—3
Feb
.
Jan.
Jan
,.
>;
1.00 Feb
3c
Jan
Apr
5c
Jan
16%
Feb
—
466
14
Jan
164% Mar
40
52% Mar
65
38
Jan
138
13
Jan
fii88ye a88%
180
92
Jan
a6%
50
Jan
173
52% Mar
-
42
s
Mar
*13V* Mar
97
Jan
Aviation Corporation-
18%/Feb
3
al64%
100
(111)
Jan
60
2
al65%
Jan
14% Jan
15% Jan
6%
2.00
.
—$
Anaconda Copper Mining Co—
13%
Mar
"
Corp—
Corp——
14
11% Jan
1,1% Ap r
■ :
Feb
5% Jan
Stocks—
Armour &, Co
;
535
3'Ac
Jan
:
350
2
S
&
41% Mar
16% 16%
64 % ,64%
—
G
Mar
100
12
-10
Apr
7%, Feb
Jan
llj'4
,9
11%
1
ifyr-
For footnotes
Inc
38% Apr
—
,
—60)
.»*
—
Lines,
Bakers,
370
100
64%
1
'
Preferred
Air
D
Alaska Juneau Gold Mining Co
Name
U S Radiator common
Kamp's H
11,100
4
:/4
8%,
6,
200
38%, 39
.9
Sheller Mfg pew common
■$I
1.05 Jan
16% Jan
,
15'A Mar
Feb
Mar
20
'
Packard
Universal Cons Oil Co
14
35
4,700
Steel
States
Feb
Feb
Mar
112
Mar
Jan
1,413
Corp..
9
Jan
Jan
10
73%
21%
•
•
Union Oil of California
United-Rexall Drug Inc
14c
Jan
80c
,
21%
25
Feb
29%
85
Feb
Feb
55%
21 %
9%
72'A
—-
Air Inc
39
1,188
a21%
Western
Transcont &
Feb
24% Mar
15'A
16
13 13'A
a21 a21%
—
13'A
2
5
20
21
6% Apr
200
Jan
—
Jan
,
McClanaban Oil common
,
•
6
400
.
6%
—
2
-
9,865
17
7%*
—
1
10
Kresge Co (S S)
LaSalie Wines
'
17
5,
King-Seeley
,f
,
7%
19%
17
—
♦
9%
7% Mar
230
19 %
7%
1
Hoskms Mfg common
...
7%
7%
1
54%
50c
Inc
Transamerica Corporation
General Finance
—
40%
*
♦
Company
Calif
r
Jan
11c
526
2,794
75c
7
j
26'A Mar
15,950
Feb
11 y* Feb
49% Mar
■•
97
33 33%
29'/o 29%
29 29'A
^
34% Mar
■
40
112
1.05
15%
105
85c
15%
62%
Jan
21'A
9,000
,
Apr
3 8'/a Mar
5% &Iar
100
a27% a27%
13c
14c
Jan
Jan
41%
.,.
.
Mar
14
546-
Feb
2
200
—
100
25
25
—
Co of
14%
11% Mar
100
2%
1
Friars Ale
,
12%
♦
55c
,v,
210
•
Standard Oil
Federal
; 9 /
255
Trading
42
Mar
60
920
Apr
3% Mar
3,484
Jan
Feb
15% Mar
*
.
Jan
5A
a27'A
13c
107
1.05
Feb
40
23%
15
25c
15%
3 5'A
57/s
Oil Corp
Feb
Jan
23%
Shell Union
2.05
Jan
—
—
Feb
Jan
13 Vb
57A
Feb
9%
62 %c
14
1
Jan
22c
Jan
39% Mar
2,400
Jan
5
1.10
50
57'Ac
70c,
al5'A al5%
Jan
Mar
Jan
200
11
3%
95c
4'/a JaQ
224
41% 41%
,37% 37%
a57% a57%
95c
Mar
650
5
30
"y.:
Jan
106
Aeronautical Co
Security Co
.
Feb
7,'A Jan
Feb
11% Mar
1,785
1
Inc
Electromaster,
6%
20
Navigation
39%
57'Ac
Feb
1.60
•
j,'**/
30c
487
Feb
11%
2%
20
10
Bros
.39%
10J/2
265
-
12c
400
Corp common
Southern Calif Edison Co Ltd com—25
Davidson
15 Va
15%
al5%
Oil
Sinclair Oil Corp
Consolidated Paper
15%
15V2
•
Ryan
1,450
14%
2%
*
4.050
lO'A
Sierra
Burroughs Adding Machine
55c
1.80
—
Jan
/
900
Safeway Stores Inc
Sears
Roebuck & Co
Range Since January 1
218
12
55c
1.65
—
Jan
-
.
2% Mar
255
—
1
Richfield
Low
4%
17%
8%
—
Rice
High
4%
4%
1
Baldwin Rubber common
of Prices
Sales
for Week
Shares
8%
;
19
48c
12,000
—
Republic Petroleum Co common
Exchange
17c
15'A
25
pieferred
5V2 %
1st preferred
!
Pacific Lighting Corp common
Thursday
a4%
■
Jan
75c
25,868
15c
—
—25
25
•
1st
.
Jan
Jan
200
95c
16%
Feb
Jan
5^.'
§. a4%
1.80
*
10
Products
Finance
2%
Jan
9%
1.25
260
-
75
--
Jan
17%
450
17c
1
1
Corp
Pacific Gas & Elec common
6 Vo
Detroit Slock
—
1
Corp
85c
2%
62y2C
2%
1
Oceanic Oil Co
85c
Jan
15%
v.
.
200
'■
85c
Feb
1.35
29
Apr
6%
60
1,700
/
265r, 265
*1/'j
.
—...
Ltd
Corporation,
Occidental
Ford
.ywVj
1
*1
Co
Company
Products——-_c_
■
Chicago
Exchange
-rJ.
t
1
New York Curb Associate
Stock Exchange
York
New
\'T ■
21'/8
-
1,305
•
97%
1.00 Mar
150
34
265
100
Co_
Co
Merchants
al6J/8 al6%
1.35
1.40
18% 18%
—
1.35
1
" ' ■*-t
\
Oil
Menasco
•-y. v
.
Investment
Angeles
"
Mascot
-■
lOo
Co
Lockheed Aircraft Corp
*•••
6%
1
Petroleum
1.05
—
6%
Kaiser-Frazer Corp
Apr
95
•
common
Development Co
Feb
110
30%
*
•
Goodyear Tire & Rubber Co com
T-<n<«oln
•
Jan
261
9%
60%..
9%
58%
__
—
Gladding, McBean & Co
23% Jan
300
27
Feb
23 ya
114
,
14 V4
1.60
14
1.50
14
1.55
2
16
63
Feb
20
Apr
18% Mar
360
a69% a70%
-
18%
10
68% Jan
20
140
16
a25% a25%
100
World Publishing
.i
16
Feb
13
22% Mar
'.
"
S
Van
U
(
Feb
12% Mar
810
250
19
4
General Motors Corp common
47
9%
1,472
Feb
30%
8% Jan
2
Jan
al5% al5%
al9 a 19%
19
1
Jan
a48% a48%
7%
16% Mar
25
•
class A
Jan
*
Jan
6%
200
50c
Inc
25%
23% Jan
Feb
90c
Jan
a95% a97%
__
a
•
Products Corp—
50%
5
342
'
Thompson Products, Inc common
26%
Apr
Industries
163
26%
26%
10
common
21%
a96%
i
Douglas Aircraft Company Inc
Jan.
426
a9
a27% a28%
51%
52%
51%
"
'
Standard
Jan
25
Exeter
*
-*
of America (Un)
Corp
Republic Steel
Richman Bros
21%
210
a21%
27
5
Jan
70.
27%
a21%
50
(Un)
RR
38
17 V4
20
25
a24
27%
Jan
350
a28% a28%
17'A 17 V4
•
Preferred
*
Sargent
•
•
com
Chrysler Corp
540
30
8%
a
Packing
Feb
8%
34% Mar
5% Mar
67'Ac Mar
1,300
70c
6%;
High
Jan
22'/a
50
77/a
8%
12%
a?3% a23%
12%
Chica
3%
16
Low
3'/a
5,200
7%
8%
12%
2
Bolsa
Broadway Dept Store new common
Creameries of America, Inc
Patterson
70c
6y«
Consolidated
Range Since January 1
High
5%0 5%
a24% a24%
5%
1
Company
..BpabvOU Co---—..-.
al7V4 al7'A
„_
Low
Par
Jan
12
6% Jazt
a28% a29%
•
Shares
Feb
16% Feb
Jan
9%
3%
for Week
Blue Diamond Corp
11
7%
Range
of Prices
Jan
108
50
1
(Un)
.
20
21%
4
Mig
Central RR
105
a437/a a437/a
1
&
180
105
a
a
*
Acme
National
14 Va
28%
170
10
Metropolitan Paving Brick
-
(•»
100
130
51%
34
Sessions
&
14%
30
51%
105
*
■f Keney Isiana i<ime & Trans
i
14%
1
*
(Unlisted)
4 Interlake Iron (Un)
.j Interlake Steamship
:
Jaeger Machine
t
23,
Feb
15% Mar
30
*
4'A% pfd
i
Last
Sale Price
STOCKS—
Feb
51%
50
(M A)
20%
Sales
Week's
Thursday
Feb
.
30
5
common
Preferred
Hanna
20
20
—*
Greif Bros Cooperage .class A
I
t Halle
4-
Angeles Stock Exchange
Feb
35 Va
35 Va
*
(Un)
TRinity 4121
—
Jan
•
Motors
SCHWABACHER & CO.. SAN FRANCISCO
West 7th Street — LOS ANGELES 14
210
75% Feb
Jan
10
Electric
General
Unlisted Issues
—r
Direct Private Wirea to
:
ALLEN & CO., NEW YORK
Feb
V
**
Listed
44% Feb
46% Mar
54
73
Feb
103
Jan
68
30
a9% alO
73
*
Angeles Stock Exchange
Feb
10%
7% Jan
62)
*
FACILITIES
Feb
174%
37%^ Mar
63
a47% a47%
,
93
2,306
a67% a67%
*
;
Member Los
Feb
5%
16
164% Mar
167
39
(Un)——1
15
(Un)
a8%
'
96 Va
(Un)
Controller
Electric
3%
so
39
Graphite Bronze
Consolidated
125
BROKERAGE
'
High
414
* al65
„
Cleveland Elec 111 common.
Cleveland
Low
13%
».
pfd_
4
High
AND
FAIRMAN & CO.
Range Since January I
414
Coach & Body—
American Tel. & Tel (Un).
Shares
J 13%
1
Alleghany Corp (Un)
American
COMPLETE INVESTMENT
Sales
Week's
Thursday
Sale Price
STOCKS—
2%
2% Jan
Baldwin
Locomotive
Barnsdall
Bendix
Oil
Works---——13
5
Company---——
Corp
—
Aviation
a6%
a22 y4 a227/8
01
91
a34% a34%
6y8 Mar
7 Va
Feb
19
Jan
24
Feb
22
Mar
23
Apr
33% Mar
39% Feb
•
THE COMMERCIAL & FINANCIAL CHRONICLE
40
Monday, April 7; 1947
———
—————m
in
,
OTHER STOCK EXCHANGES
RANGE FOB WEEK ENDING APRIL 4
'M''t
Last
Sale Prlee
,;?U Sales.."
Week's
Rang*
•! Prices
Thursday
*s
Thursday
for Week
l4ut.
Week's
STOCKS—
j
Borden
Steel
*
Corp
Company
25
—
& Southern
Aircraft
Vultee
Zellerbach
1
Electric Bond & Share Co
—5
'
Poods
General
Nickel
International
Libby, McNeill & Libby
&
Mountain
Robbins,
City
41
a42% a42%
•
13%
Inc
Copper
Feb
Westinghouse
Jan
Westingbouse Electric
5c
39%
Feb
42%
Jan
5%
a— ,■■■••
32% Mar
36
475
9%
Jan
10%
Feb
63
23% Mar
25%
Jan
270
38% Apr
56% Mar
42%
a2%
17%
25
;
a__
202
-
alOalO'/a
a27%a28 %
•16% Jan
14%
13
1
t c
v
13
300 North 4th
•
-
New
10%
TOO
4
Feb
32%
Feb
*
",
Exchange
Stock
York
Louis
Stock
Chicago Stock Exch.
'
26% Mar
8,535
a24
a24
a24
9% Jan
80
54
4%
4J4
Radio
Corp ol
22% Jan
6%
6%
410
Jan
7%
26%
210
25% Mar
30%
Jan
21%
21%
'420
21% Mar
26%
Feb
a40% a40%
50
40% Jan
41%
Stone
a57% a58%
145
54%
Jan
60%
25
25%
290
22%
Jan
a8%
a9 %
145
8%
Jan,
25% Mar
10% Feb
a27% a28%
115
-25%
Jan
30%
•
a57%
7%
25
a8%
America
a27%
6
Swift
,,
Feb
Bank
47
40%
326
39%
Feb
41%
Jan
125
65 J/4
Feb
68
Bell
Co
Texas
Company
Tpvas Gulf Sulphur Co
al5 % a 15%
10
Mar
15 %
15
21%
295
19%
Jan
25 »/a
Feb
a34 a34%
50
35%
Feb
37%
Jan
10
19%
<
n->
14
57%
Jan
33
a60% a60%
a49% a49%
Mm
Tide Water Assoc Oil
51%
Jan
325
20%
60
Inc
51%
Jan
20 %
Apr
18 % Mar
Union
Tel
Co
22%
Feb
20%
20%
235
17%
a3%
10
3%
Jan
15%
475
19% al9%
40
27% Mar
Jan
a3%
•■'
L
Bros Pictures Inc.—
Western
140
15%
5
.
27%
27%
10
.
Warner
Inv
Bldg
&
Shoe
Brown
common..
Westinvhouse Elec dr Mfg Co
19%
a
.12%
.—10
25%
1
Eqpt
Century Electric Co
Coca-Cola
20%
Apr
4%
Jan
v
25%
General
common
Electric
48%
250
18%
American
Baldwin
Tel
Low
Feb
24%
Jan
28%
Feb
9 Va
Jan
13 Vt
Feb
Feb
Co
Electric
General
Steel
Coal
&
Low
30
Apr
36 Va
90
16
Apr
20
Feb
9
250
9
Feb
29
100
25
Jan
30
Mar
13
111
Jan
105
35
1,460
25%
Jan
28%
Feb
164% Mar
174%
7%
Jan
113 Va Mar
Feb
39%
Mar-a*
Feb
51%
Jan
65
41
55
Jan
23
15
23%
Jan
28
Apr
27
Jan
30
Mar
105
60%
28%
28%
40
2%
2%
25
35%
35%
35%
250
40 Va
40%
43
15
15
2 Vt
•
65%
67 Vt
4%
Jan
Feb
Mar
Jan
Feb
31
Jan
44
37%
Jan
42 >/t Mar
V
45
14
Feb
14%
14%
50
13 %
Jan
4
5%
5%
610
20
22%
22%
200
19%
20
27%
28%
25
25
(Un)
common
19%
27%
1*
Louis
Car
Public
Service
Investment
Baer
ZZZ10
common....
8c Fuller
Wagner Electrie
27%
cl A
—
.50
common..
—
Apr
22
Mar
219
26% Mar
15 Vt
42
33%
Rights
—
2%
97%
Apr
10%
Jan
Jan
34 % Mar
Feb
14% Mar
18
Mar
51 Vt Mar
2% Mar
17,433
97%
27%
40
95
290
2%
2%
-i
32
Apr
9
91
34%
15
Jan
4{2 Apr
Apr
27 %
364
41
Feb
Mar
60
9-Va
15%
33%
4fff Mar
27%
41
.15
_
Jan
19 %
27%
34%
'
„
Trr-'-^
new
com
common.
23
30
9
9
Jan
2,039
27%
27%
.•
Mar
7
21
370
4 ii
4%
4%
...
—
15% Mar
15
5% Mar
3'/a Mar
Feb
24%
35%
2%
100
Cement
common
Louis
Stix.
High
22%
78
530
13
97%
447
11% Jan
115
86%
16
12%
"12%
90%
95%
9%
9%
9%
.13%
20%
20V*
21%
50%
50%
51 Ve
181
59%
58%
60%
19
:io
—
-50
,
24%
10%
11%
83% Mar
15
Jan
$1,000
Jan
•
.8%
Listed Bonds—
Scullin
Steel
—1951
3s_.
mtge
6
12%
Feb
24%
Jan
47
Jan
51%
Apr
51%
Jan
65%
Feb
j.
San Francisco Stock
.
24%
Jan
39%
Jan
12
Jan
8%
Jan
1%
Jan
1%
Jan
:'v"4
_
6%
79
1%
100
•
Last
:V^'0Co
■"
Par
10
—
Sales
for Week
Range
Sale Price
of Prices
.?
STOCKS—
Alaska Juneau Gold Mng
Exchange
Week's
Thursday
'<■"
Feb
.,6%
/
Jan
10%
6%
Apr
Feb
Jan
20 Va Mar
17
1%
97 Vt
Apr
Feb
115 1
6%
97 %
Feb
105%
4% Mar
220
M63
IV2
;
•
Mar
100
.
-
25
11
<1
Lehigh Valley RR
National Pr & Lt ex-dlstributlon
4%
25
—5
Navigation
4!%
Jan
76.
1,027
Battery—
Brothers common
Lehigh
Jan
170
59%
sr
5
—
common
Portland
Securities
Range Since January 1
::
164% 166%
4%
i
Motors
Jan
30 Va
64%
m.
<1
common.
Rights
78
common
Storage
7%
6% Mar
28
65
>
common—
Johnson-S & Sbinkle
Rice-Stix
22%
r.
Delaware Power & Light
Gimbel
Apr
13 % Mar
17
35%
*
—
«
Laclede Gas Light common
,
Shoe
St
541
preferred. —50
Corp
Pub
20 Vt
■
International
St
Shares
.26%' 27%
,
—13
Cooper Brewing Co
Curtis
11-10
Laclede-Chrlsty common
50
48%. Apr.
...
High
:~i6
,
20
};.■
-
Wks vtc
Bankers Securities Corp
Bildd. Co
Chrysler
2V/s
165%
IlOO
& Tel
Locom
'11 25
—
Feb
23
Sales
,
^Bale PH^'^^PHceN:
_0
7
113 Va 113 Va
ICO
Jan
fta.Week
Range
Par
.
Jan
29
——
__
Jan
50
48%
Wedk's
.
Last
i„:
(Un)
General Motors common (Un)
15
225
all% all%
Thursday
American Stores
12%
30
100
Griesedieck-Westepn Brewing—
Hussmann-Ligonier common
Huttig S & D common.
Hydraulic Pressed Brick com
North American
'
Feb
80
9
1
Botting
17%
Philadelphia Stock Exchange
'
19%
13%
16
—
.10
common-
preferred
Missouri
stocks—
High
50
7
—-
15
common
Low
20 Vt
13%
——
3
common
Rsnge Since January 1
High
20V4
16
Laclede
::
Low
20%
1
...
Preferred
a
Sales
Shares
,
i'i
5
A—
Willys-Overland Motors Inc.
woo/worth Company
(P W)
k
593
Feb
gf'
Corporation.
(Del)
i—
SL
Jan
a34
-25
Aircraft
Teletype
for Week
of Prices
—5
common
Emerson Electric
United
760Q
Exchange
Week's
Sale Price
Feb
21%
-25
Aloe
47
60
—-1
Company
United Corp
.
Phone
CEntral
Range
Par
S
Feb
Mar
40%
al5%
—
Air Lines
Feb
' '
Feb
a66% a67%
—2»
Unitea
Feb
28%
Chicago Board of Trade
,
STOCKS—
American
14
a40% a40%
Webster, Inc.*
&
35%
Last
Jan
210
-25
Corp
14%
Jan
Jan
' *
-
St. Louis Stock
15 Va
al4% al4%
aJ4%
15
—.
etudebakcr
Mar
23%
.
*
Exchange
Feb
25
Oil Co (N J)—.
&
Feb
13
30%
200
1871
Feb
50
Co.
Railway Co...
Oil Co (Ind)
otaaaara
Feb
Feb
26%
Bocony-Vacuum Oil Co
Standard
17 %
York Curb Exchange Associate
New
A
Southern
Jan
23% Mar
6%
Corp—
Steel
Jan
4% Mar
j70 Mar
26%
Company——
Republic
20c
St., St. Louis 2, Missouri-
Thursday
Oil
Apr
J^n
12Ys
100
26
356
25%
Members'
1
Pullman Incorporated
pure
Jan
Feb
10C
50
32%
25%
Feb
2
.
25
."*5,100
13
31%
31%
•
Apr
Edward D. Jones & Co.
22% Feb
——^
Paramount Pictures Inc
Railroad
Phelps Dodge Corp
14%
Established
207
a2%
17%
10
Pennsylvania
15c
com—12 Va
Corp
Feb
4%
•
10c
150
Jan
1%
Jan
62%
38%
38%
&:■
a57%a58%
a
Company——.
26
9%
7%
Feb
10%
a27%
Packard Motor Car Co
*c-
26
42% Feb
35% Mar
46% Mar
.10
Ohio. Oil
com
3(T
25""
,1,000.
Feb
Feb
f^lVs Mar
St. Louis Listed and Unlisted Securities
Jan
17%
-1
Co———i.
1%
.
t
■
t
Feb
__
—■——i--—-
8%
1%
30%
14V4
8V4 Jan
,11% Mar
100
Feb
Apr
North American' Aviation Xnc.
American
37%
8%
..
175,?
1%
Jan
3%
13%
North
Rights
36 %
Brake
Air
St.
>
1,320
11%
•
Feb
42%
45%
—
New York Central RR—
Jan
"
246
10%
„
10%
1%
14%
United States Glass new
6%
16%
200
38%
*
Co.—
31% Mar
Mar
14
10%
Inc——-——18
& Co,
12%
Jan
a23% a23%
-7
——,
Jan
-I-
Jan
a46% a47 %
13%
a46%
14%
•9
Standard Steel 8prings
25
■
jjq
..5
Apr
Feb
35% Mar
20
Jan
16%
.19
17%
14
Feb
19%
16 %
.t
Jan
ll
Jan
5% Mar
.
16.%'
24%
17%
11%
Toy Mining..
High-:
:
130"
—5
Ruud Manufacturing
"i
21V2 Mar
18%
Bolt Corp—.
&
ij-'j'itf Low
■' ■'r; 45-'-
22%
«
.
,
Co
8an
150
a32% a32%
Screw
9%
195
....
u_——
30%
220
__
Renner
Gas
Jan
2
14%
Pitts
Oil <fe
Range SincoJanuary 1
h
High
22
;::::i4
Pittsburgh Plate Glass
Jan
,
Ohio
3%
83
4%
4%
Loew's Inc'-—..—————--.——-,—.
Montgomery Ward
9%
a35% a35%
.*
Copper Corp
McKesson
15%
a42% a43%
of Canada—*
Co
International Tel & Tel Corp—.
Kennecott
168
National Fireproofing Corp—
National Radiator Co———
>
Week
Shares
18%
-—-10,
—
tow
V
"—-10
Feb
12
t
:
«■„
22
Sales
• for
of Priees
.
•
Gas.——
Feb
32
31%
a 35%
•
Corp
Graham-Paige Motors Corp——
1
Great Northern Rjr.Co pfd——•
Jan
10% Mar
Mar
Star
Mountain Fuel Supply
Feb
Par
,
Feb
30
390
a
15%
..,,200; -,-3% Mar
.
Jan
63
17%
14%
46%
Apr
24'
Sale Price
STOCKS—
Harbison Walker Refractories,
Lone
Jan
450
a42%
Electric Co_.
Qenera)
a
—
42 Va
Jan
i
Jan
215
'
a27%a28%
a5%
a5%
—
96 V
34% Mar
3%
9%
9%
a23 %
.—1
100
•
V
?v?jHghf::^
34% Mar
17%
v.:
S
Corp
Curtlss-Wright Corp
12%
f
58%
3%
.
i
Corp
470
10
<
;'Vy'
" Mar
42% Jan
46% Mar
225
829% : a30
—"
^
Corp.
.70
*
Low
90
35
•'
a30
11%
11%
„
continental Motors Corp
Crown
a29%
--
237 h
:';n
••-
58%
♦
Commonwealth Edison Company—
—-25"'.'":"
Cons
-
—
._10
Corp—
j.-ivfe'
'*'■<<
\ QO
a42% a42%
a45% a45%
12% 12%
a37Va a37 %
—
Gas & Electric
Commonwealth
V
58%
Cities Service Co
Columbia
—
.25
—
•'
v
—
5v
Borg-Warner Corp m<m. «* «—•»*«/'mi*+
if*** H
Canadian
Pacific
Ry———.
Ca.se, J I Co
Caterpillar Tractor——
-1'"V". ',
V.'
—15
—
Range Since January 1
*
tour; High
Par
Bethlehem
Shares
.
;
' Range.!
.
•
'■::
:
'V'
.
'
%
Low
Shares
Range Since January 1
Low
High
5
50
5
5
5
.
High
6%
Mar
Feb
•
Pennroad Corp
—1
-
Penna Power &
Light
6%
Pennsylvania RR
I50
Pennsylvania Salt Manufacturing- _10
Pep Boys
.—1
Philadelphia Electric Co common
•
preference
3.8%
4,4%
.
preferred
.
common^^i^
51%
Jan
100
7% Mar
9%
Jan
6,307
24% Mar
27%
Jan
28%
442
29%
Feb
30
104%, Feb
107% Mar
13
115%
119% Apr
30% Feb
27%
119%.
20%
1%
4%
21
Jan
Jan
110
1%
10
3,294
%
Apr
1,786
3%
Jan
21%
1% Mar
%
74 Va
5
:
:
Feb
49
Jan
74%
United
*.
3%
•:
Gas
Improvement—
13%
■Westmoreland' CoaL££^^^^^iiii2Q -
640
3% Mar
20
3%
49% Jan
53
53
23%
24%
603
30 V4
23%
30 %
60
23%
29
Apr
Mar
National
Bandinl Petroleum
Bishop
Oil
1%
j
aJn
1 %
Jan
5
Apr
,
STOCKS—
Sale Price
Par.
'■ 1
Allegheny Ludlum Steel.:
Blaw-Knox
Clark
(D
Calamba
Calif
4% Feb
53
Mar
24% Jan
32% jan
Colombia
17
Candy
Gas
Continental
—•
&
17
-12%
Electric
Commercial
17
11%
Corp.
Devonian Oil
Follansbee Steel
For footnotes see page 46
-1
2%
11%
'
2%
12%
n%:
2%
5%
5%
Ink
California
9% Mar
Feb
4%
Jan
a22% a227/a
34
Jan
25%
Feb
a22%
■VK
8
8
102
102
■.
9
,
a 44
i
Mining Co common
Chrysler Corporation common
Chemical
Co——
Colorado Fuel & Iron
Broadcast
I
27%
of
Corp
Amer
Zellerbach
1
common
common-
Corp common
..1
..1
„5
55
Jan
63
Feb
1.45
3,552
1.35
5
common
10
12%
Apr
Electrical Products Corp
:
Emporium Capwell Co common
12
Jan
Ewa
-10
22
22
31
15%
Mar
Jan
30
Dorado
Mfg
Oil
Jan:
Feb
22% Mar
Co
95
97%
560
86%
24
24 Va
495
24
16"
16
100
a25%
30
/
al7%
19
28%
60
a25% a26Va
30
-
Co
4
„1
Food
.10
Corp
30
425
30
al7% al7%
19
28%
15%
65
2,086
18%
28
Jan
105
Feb
Mar
30
Jan
common
16% Mar
Jan
a__
—
Mar
32%
Jan
17%
28
Mar
32%
60
105%
Jan
108
29
114%
114
Apr
123
32
25%
25%
177-
24 % Mar
24%
24%
25%
362
24
9%
9%
735
14
32
14
32
1,363
20%
49
a81% a82%
23
120
14
42 %
20%
"7%'
8% Jan
220
41%
a31%
Mar
Jan
Jan
Jan
Jan
32
Jan
11
Feb
3R
Mar
"
20 %
7%
Jan
Feb
23% Jan
18 % Mar
1,125
42 %
capital—p.,*—."120
Farnsworth Tele & Radio common-
Machinery
13%
a__
1.45 Mar
Jan
25%
32
Works
Plantation
57c
9%
DI Giorgio Fruit Corp A common— -5
10 % Mar
27
Feb
Apr
52% Mar
58 Va Mar
114
147
75
30
27%
10
209
114%
200
28
Jan
Feb
347
54
106% 106 Vt"
El
28
11
45%
16
•
Apr
Mar
Mar
a57% a58%
106 Va
B
Mar
15%
9
24 Va
25
Inc
Mar
105
45
1.35
95
5
cl A—2%
Edison
Air
8
Jan
5
.
27%
54
27%
54
a57%
—3%
common
System
Jan
Jan
100
9
a44
13%
400
15%
15
15%
Eureka
Feb
2%
6%
92%
15
"
"
—50
20
Jan
25
200
8
102
—100
Packing Corp common—*
Vultee
Jan
Apr
4%
'
Clorox
240
9Va
Preferred
16% Mar
2 Va
Apr
203
610
.fy 9
4^—*V a44,.
Doernbecher
.10
200
5% Mar
4%
Range Since January 1
Jan
Mar
9 Va
2nd preferred
Jan
Jan
5
4%
Preferred
41%
12
9Vs
Caterpillar Tractor Co common——*
Crown
High
Mar
4%
-—5-
Co—
Feb
200
215
200
200
Jan
8
1,185
9Vs
—
48%
70
:
5%
—1
♦
Cotton Mills
Creameries
lota
100
10 Vt
f-
Cons
High
42%
9%
—1
capital.
Sugar
California
for Week
Shares
;; 9%
—100
Corp
Co
Calaveras Cement Co preferred
Art Tile class A
Sales
of Prices
Low
42%
Co
L)
Range
.2.50
36
175
33 V8
Byron Jackson Co
Central
Pittsburgh Stock Exchange
Last
32%
Apr
15
'32%
—2
Beech Aircraft
Commonwealth
Week's
—
Bank of California N A
Columbia
Thursday
———
32 %
-g40 -
—20
Bank
Imp Diesel Engine——.—
Feb
•
United Corp common
$3 preferred
Calif
California
19% Jan
275
197
Jan
41% Mar
71
Jan
%
%
^5 :
26%
565
43
>
73%
25
.,.
27
20 Va
1
common
Feb
7%
26%
—«——!•
——
27
25%
42
Tonopah Mining
Transit Invest Corp
■.Preferred,
135
Atlas
22'/a Jan
20% Apr
44% Feb
4,802
Feb
7%
119
50
v.
7%
Jan
107% 107%
28%
Scott Paper
Sun Oil
20
24%
25
\
.
29
45%
"7%
iilOO
;■.Philco.Cory' common.
Reading Co
20%
100
—
preferred
5% Jan
2,623
2,465
21
44%
•
common
20%
21
——__.
Si
6%
20%
0
—
Anglo
r
714
25
14
y
40
Jan
Apr
Mar
15% Feb
49%
Jan
Apr
23%
Jan
7% Mar
9%
Feb
82 Va Mar
92%
Feb
20%
r
•
I"
Volume'165
FINANCIAL CHRONICLE
THE COMMERCIAL
Number 4583
(1897)'««
OTHER STOCK EXCHANGES
-
Last
4:4.. '•
'=
y
/■;
•
Low
Range Since January 1
Shares
of Prices
Par
Last
STOCKS—
Low
High
■
Service
Linen
5
common—
:
"'7" 7
5
4%
200
■
Anaconda
*
General Motors
General
Paint
Gladding
__10
Corp common
Corp common
& Co
3
—
Runt
Foods
Inc
45
19%
171/4
;__6 66%
—
Feb
Jan
Corp
—
—
Llbby McNeil
" 7
Jan
; 7 183/4
Lockheed Aircraft Corp
1.00
341/4
34'A
10%
805
Menasco Mfg * Co
Natioriat Auto
1
common
-Morrison Knudsem..,
:
161/2
7—1
—10
—
Flbi^;cominoiuL^
■
800
302
a
14%
t
v
" 7
2.75
>/•
_
12
12
28
12
28
550
Petroleum.
j
50c
55c
*
31
31
31
15-'.
Feb
7 Class
«
B
...
10 »/a
10 >/«
10'/a
;
Feb
common.———w_—5'
Co
!> Pacific Coast Aggregates.—
:
Pacific G & E Co common—
:
<
i
1st preferred..'
6%
5 %%
,
.4
Pac
M
,
.
.
Lighting
$5
.
'
a,—
t
v,
,
Corp
;
Jan
Jan
60c
Feb
Jan
31
Feb
1st
•
*
.102%
14%
0
_!
27%
'
,204
58%
14%
■
j
7
Ca's
Preferred
C*.*
common
X
f
71
108
17%
Philippine Petroleum Co capital
*Phillips Petroleum Co capital—.—
-Puget Sound P&Tcommon
•>
vf
"Railway & Equip Realty Co Ltd pfd—10o
H Rayonier Incorp
common..
i
.1
108
> Republic 'Petroleum 'Co
common
7
Rheera Manufacturing Co...
;
Richfield Ott; Corp common
"
•
Roos Bros
f
•:
•
»
.
>
.
Shell-Union
Signal Oil
•
h*-
*"■
Feb
271/4
Feb
1
29%
-7-
531
70
10
.__•
"
Calif
Gas
Sperry
Co
Pacific
Southern
Corp
129
.
.7.
:
17%
22
•>!
i
57
'50
4
88
>21r%
Feb
Feb
s
10%
10%
21 Va
22%
>
151/B
i5i/8
40 va'
=
*
70
16%
:
7
(
Jan
16
Mar
>: Feb
47;
United
Air
Universal
51
40%
741
39%
39%
39%
105
41%
a20% a21%
55%
54%
20
19%
20
.2
13%
13
13%
5
a20%
a20% a20%
21%
21%
1,759
65
Equipment Co common..,
Agricultural Co
Wells Fargo Bank & U T
Waialua
Indies
Sugar common
Dept Stores
Western
Pacific RR Co
Yoscmite
common
preferred
Portland Cement
pfd
;
42
37%
'40
203/4
Jan
52%
25
27%
170
Jan
Mar
47
Feb
Jan
21
'
Mar
a__
f
American
'
a__
—
,
21 Va
69
•24%
91/4 Mar
10
10%
564
33
214
30
Apr
320
320
320
15
320
Jan
a31%
a31% a31%
IOO
20'A
273
Apr
781/4
>
20%
62
62
10
62
Copper.—
Amer
Radiator &
Std
4%
29 '/a
Jan
19% Mar
25
a__
200
62
a 14%
*
14%
4%
Smelting & Refining—.
American Tel & Tel Co
American Viscose Corp
...
com
American Woolen Co com.
*
100
14
—*
35
Mar
a
Apr
3%
Jan
2.9%
Apr
29%
85
14%
a 14'%
230
a57%
165%
a52%
33%
14%
15
355
a56% a57%
97
165% 165%
904
a51% a52%
35
33%
Feb
6'/a
,
16
"7 55% Mar 7
-•',4-
Jan<
39%
v
•
740,
30
Feb,
25%. Jan
Mar
180
Feb *
Feb ',
60%
riJan-,.*>
n
a..
H; 30
7%
627
:/.5% vFeb'
/.a.—
)
32%
'
"
23% Mar
:
"70 7: '.: 14
Mar
210
7;'.'
:
565
—
22 >/a
.
,
23
/.i
18c
l7%.J,ehi.
,
,t
:7Apr 7
>
Jan
-
2.05
Feb ':
Mar ?
'■ -••7%
,064.^Fbb:
,56 .7. JanTw
100
26% Feb
723c
/
.Mat *>
7
422 7
v
Mar/', •
2.50 Jan ;
.'
'/I •? ' "
'
■
/
1,515 7
18%. Jan
.
'
s'
Feb,
.
22% Mar:
•
iJah/7
525 7;• ."..16%
19 %
•
15% Jan
365
7
22%
17% 17%
;a27% k27%
:
,
200
.710
,.s
210
*" 77
17
y 16%
.
7
57%
210
16%
5
-
Mar
■;vv49%'-Feb,;:...
7100 *; 723 vM«r;-)' 7.25%; feb>vt
'■ -TO'-7 !
23%
7
>
.
46%.Jan7.
a23J/a a23%
57%
.
Feb
"
32%
23
25
<
.;;; 7- 8%. 'Jah/
7/2.80 Jan/d ; ,'v. 3Va Feb
250'
31% Mar 7- ■V 36 y* Jan :
5
200 ?
3%7^%'
Northern
Pacific Railway cap
.100
■'
v. '
19 va
;
7
7 722
: Feb
•
26% Mar
177
.
19'/e 19 vs
17% 18
^22% a24
,
a22%
12%
: :7
■:v7,,-,
Cement cpm.w—-10
Portland
7
18.
;
7:-.
:
17%
a6y4.
13%
,
■
220
'
,
?
625
24
7
: 32%
;
Feb
U
10
,"17% vi7ya,
a6%
510
21%
21%
2.50
:
Pennsylvania RR CoL-w-——50
21%
Pepsi Cola Co...—
——33 %o
a26%
Phelps Dodge Corp
25 7 a40%
Pullman Inc cap
——•
a57'/a
Pure Oil Co common
•
25
„
„
a26% a27%
a40yaa407/ay
a57vb a57%
.
422
15
13
:
,
7718% Feb-7
Jan
7
-
Jan
7%
Feb
Feb
'
30%
Jan
' ;
26%
Feb
.15
■
7,
Apr
25'%
Jan
30
37%
Jan
42%
54 v2
V,
;r*!
Feb
/■
•
21%
85
175
'
a__
.
11% Jan 7
25% Mar... /
1,020 "
7
.21%-Jan
.
—
6
150
12%
27 •' f *
...
Apr:
aw. /■:
ir.:7
13%
•
common
22%" Feb ' !
Jan ' "•
.
l2%Mar
""
a6y4
Co
Motor
American Airways
.18
17%
7.77 ■:■>■<j
:
12%
12%
•
:
13
Jan
38%
1,245
14
Jan
25
7/ y/"
•
Jan
l
7
Feb
Feb
•
r
Socony-Vaouum
i
So
11%
Jan
Feb
6%
Jan
330
341/8
;
Ed Ltd
Cal
'
Jan
53/4
Standard
Brands
Standard
^
Vica
■'
a34
.-•
-25
Oil Co of N J
Feb
14% 14%
a32% a34 //
29y4 29'/4
29
29
25
;
Studebaker Corp
14%
a33ya
29Vt
29
25
preferred
•>
'.
Jan
;
Inc
a66%
21%
1
common
,
16%
17
57%
Feb
Company common
West
preferred
Insurance—1
Petroleum
Coast Life
•
1
20
3%
2.25
.5
1
25
5
1
5
Telegraph class A.—•
Electric Corp com__12%
Woolwortb (F W) common
10
Western
Union
Westinghouse
a__
Apr
■>''•7 15%
Jan
30%
Feb
Apr
18%
Feb
15%
.
59:
<' ;
4.-
-
f'.>
;f
15 % Mar 7
■'
'
s
:
14
,4;
Mar
-
275-
32% Mar
260 .■■■
29 >4
210
29
7
Apr
16 % Jan
151/4 Feb
A 34ya Feb
Apr
:
43% Mar
,
jr.:
■
"...
■
32%
r;
Feb
31% Feb
:-/V
a33% a34
a66% a67y4
29
870/
63% Mar
18% "Jan
19% 20
3%
3%
2.00 2.25
607
18 V'4
15%
4 4
14
510
35
34ya Mar
180-
21%
21%
<
;
15%
4%
14
15%
4'/a
14
Jan
>174%
33%
Jan
Mar
/ : 69%- Jan
:
24%
Feb
20
Apr
' % •7-;L- >.'v: ,*;• ..■,.7:7;7,;C::;7: .'7:.7>.\'::
Warner Bros Pictures
Feb
Feb
Jan
56%
70
445
Feb
Feb
13
25%
260
-
Mar
200
20
Jan
4%
Feb
Jan
2.25
3%'Mar
1.75
Feb
Feb
35
165 »/2 Mar
a__
25
7
Mar
103/4
8%
77:4:.:
>15 '/4 hl5%
15
—
'
23'/2
65
al5JA
——25 ;
common
preferred
t-5%%
Jan
",
;;
Oil capital
; ,r,, ..i.v,
58
Jan
733
.;15%;yl6. |--
Sinclair Oil Corp
"i 21% Jan
175
25
•
8% ;7/ 8%
9
1" al3% ;2 >13% al3% 7
Republic Steel Corp common
•
27%
27% 27%
Riverside Cement Co A—.u—y..'—fi 15% ,,
Orpheum
I
37%
95
Corp of America
Keith
Feb
a__
100
29%
29%
•
San
23
382:
35%
a427/a a42%
7
_5c
United Aircraft Corp common
United Corp of-Deiaware
4 '/s
Feb
6 v4
r
14% Mar
4%-7 4%
17%
a277/«
Westates
American
'77:/: 2
a54% a57 7"
22»/a
Mar
28
Jan
.'0
Jan
28'/4
Jan
' Jan
30
a89 % a89%
Feb,>
12
r"
5% Mar
23%
—•
Radio
—
22%
"
10
20
American Power & Light
5% Mar
340
6%
..
Feb
58
20% Mar
1
89%
39
10% Jan ; •.
:
420"
Paramount Pictures ;common-..—}
27
25%
'7/7 '-/'i-;V ;'.':; r';': '.' 7V7' ? 7• /-t.v'
.
,
common
Factors Ltd
"38% Apr"/
:
23Va
N Y Central RR capital—
—•
Nforth American Co common-L»—10
Packard
40% Mar
20
20-V4
7. 'J
12% Feb=
Jan
28%
.1
Corp
35%
57%
Nash^Kelvinator Corp
National Distfllers Prod
Pacific
.
Jan
74%
a
....■
,'i-v
r
'
Feb
15%
27%
50
aw-
—
'
Jan
!7
5%
al4'/a al4ya
23
pfd_.10
Jan
20%
26%
Unlisted Securities—
— —
7
9%
470
24
5%
a 23%
Montgomery Ward & Co__,._
7':'7: '7:
Alleghany
23%
32.y4
0
Cement-8%
Mar
12 3/4 Mar
72
100
•
common...——.
30
Jan
18 Va Mar
■
Western
5%
a47ya a47%
112
84%
677
27%
1
5%
a47%
^qpp»-poirp;w»^^-^
..-.v,
Mar
6,556
27 %
*
1
3%. Jah.;,,)
29 'A Feb «
Jan
5iy4 Mar
72%
100
ft--.
•
107
7
al4ya al4%
■
West
68
*»•,--
,
1,343
1,177
1,137
1,031
21%
Jan
.
27 y» Mar
435
•it'
al4%
Pan
*
Victor
'
''
•••
•
'
Tel Co oommohl—.
Feb
'
•
•
3% Mar
'
38%
261/8 Mar
90
10
Oil
600
a9%
3%
Jan
187
10
Lines Corp
Consolidated
3ya
2.7%
'7%
....
20c
Afrr
27%
50%
Jan
.29% Mar
24% „Jan
38ya
-
14c
51,900
"27%
25
U S Steel Corp common
4
7
23% Mar
23%
I Oahu Sugar Co ,Ltd..
20
s. Ohio
Oil Co common.—.7——^—T
Onomea Sugar Col—....—
20
27%
50%
54%
..
Jan
250
a9%
4%
•
•
24Ve Mar
35
10
Union Oil Co of California.
Mar
w
24%
>
('
35 %
A—.L-.w-t.-i.
19% Jim
312
54%
Trancontinental & Western Air
Co class
Apr
16%
36%
112
19%Mar
'14% Feb
11%
,738%
al4%
21%f/Fen
72f»
107
-
.,-
;
10% Mar
Inter; Tel
7; Radio
-
26
100
5y4
/'
Feb
36%
108
'
5y4 -Feb
,.
25
"
•
Feb
38
Feb
36%
___•
:
^Battery
Mountain City
Jan
:
25 > Feb
11%
39
870
14c
Jan
91% Mar
7
.
Apr
49
'22
20
a9%
•
Ry non-cum pfd____. .•
Monolith Portland
-25%
'
14%
160
23V4
14c
411/4
—
"310
a48%*
a9%
a42%
Northern
-
a21%
Corp
4
,18% Mar
a9%
5%
7 23%
Maison Navigation Co
•
*"
14c::
2%
,
Feb
-
7l2l/a Jan
;y/M ^.<&^M-. &-M;=G6nsiLLi-^wL—LL-iwi7i;7;^2c.:7:-,,;22c:7„22c.;:'.:,
Jan
-10'
"
1,375
16%
23'/a
38 y»
Apr
91%. Mar
100
27%
1 38%
__5,
10
Lbew's Inc
20% Mar
<300
r
23
•7'16%'"'
.1
Water Ass'd Oil common
Transamerica
.93
Jan
-
Tide
•
65
a47ya a47%
a9%
1
,
Mar
30%
Jan
35%
40
25
....
1,000
Apr
>
181
.57%
Mar
-40
179
345
"
-•
Co of Cal
Standard Oil
;
90
15%
Co
—
__1
Co_____*
;
Feb
108
1
25% Feb
,301
23
40
5
—
Publishing
^ Kennecott;
7:
"1-Jan
-78
Apr
Feb
Feb
37
:21%
series A pfd
common
2
4,582
International Nickel Co Canada—
7
';"r'
'> Soundview Pulp Co common
So
10%'
.
...15
class A
* V
Corp common
(Del)_l
Holly Oil Co..
Idaho Maryland Mines Corp-—
;
.7
Mar
15
Jan
108
v
21
90
23
36%
I
Feb
-16% -Feb
Apr
525
3 ya
a 55'/a
Hobbs
.
Gas Co
Motors
Great
■28V4 Feb
105% Mar
36%
90
i
Ll
Oil-common...
&
"■
*Mar
12%
'
■i
& Rubber common.... .•
.1.
Graham-Paige Motors common—
,
105 iFeb
Apr
.12%
"125
17%
29%
24 y4
vl.
18%
24
a47 vo
7/ Goodyear Tire
,62% Feb
v
"
S & W Pine Poods Inc.——
1
/.I
Safeway Stores Inc common.
.5
San Mauriclo - Mining
__10 pesos
Sears, Roebuck & Co capital.—;
•
•
33%
all%all%
■
Feb
42%' Jan
38%- Feb
102%:
"•
1
'
p'i■
•
•77
41% Mar
380
108
a53'/4 a53i/4
29%
*
common—
-.7
-
:
General Electric Co...
Jan
-57%. Apr
.
306
: >
""
71%
-
17%
,
a 531/4
___1__25
—
14
.
,
4ya
a29% a30
3%
•
Jan
7
Preferred
2%
a48
7
24
....
5
.35% Jan
,
310
15
27%
110% 112
7iy4
-
-
:—100
....
...
^ a29%
Electric Bond & Share Co
-
Paraifine
-
145
mi
?
if'a
112
Jan
'7% Feb-
•
14%
27%
:. a48
9%
Jan
,39%
956
37%,
.102% 102%
'
L_—1—100
common
41 Va
57%
86 y»
1
19% Jan
12%
7
„aliy4
12%
39% Mar
2,038
37'%
57%
>
75
■
18%
12%
Jan
13
Jan
7
100
7%
39%
41%
7
37%
—•
———
preferred
Pac Tel & Tel
7%
39%
41'%
—.25
25
common
dividend
all% all%
,
s
39%
7
33%
4
18%
—10
Curtiss-Wrlght Corp
Donilnguez Oil Co
Dumbarton Bridge
7
*
Mar "
11%
10
• ;
__25
...
common..
Solvents
.5 v
Curtis
.
Pac Pub Sercommon..—.
■;t,
11%
-7%.
5
25
preferred-—i...-—
1st
.
.
a
Feb
6% Jan
i'
12%
301/4
'
Can
Elec
77 Continental Oil Co
1
Jan
10
4ya
-2%
Railway:
Gas "&
:■; <
■
"
Pacific
94
100
,
a90yaa91%
a90'/a
—25,
Pacific
Continental
;;
Feb
27c
220
_
15'A Mar
*
14
30%
2,500
.
-.71
7
ll'A Jan
160
53c
1
_
Filters class A
...'•7
1.
common
Consolidated Natural Gas.—15
IT
4;
27
:
100
Steel
:
__.i,
^^ Consolidated Edison Co of N Y—..• -V 27y4
♦ •
Jan
'
United
2
Jan
'
"
Occidental
Oliver
2
Corp
Commonwealth & Southern..:
Feb
llfi Feb
220
7
28
33%
13 ya
53
7' '■
6%
Feb
3% Jan
=
Feb
"
"
..10
al3% al4%
33%
Commercial
*
.
Cons
al4>/8
—5
Columbia
3%
'
Natomas Company 7
North American Oil
100
Aviation
Chesapeake & Ohio RR
Cities -Service Co common..
!
Apr
20
'■'■>•
2.60 Apr
131/4 Mar
"
40
12% -J
12
" 7
740
al4% ai4%
12 7:7
"
14% Mar
"2.60
a22'/4 a22%
6%
41%
Mar
.
Feb
10%
:
17y4 Jan
163/4
2.60
7
36%
Jan
10
18i/4 •-
■
a22%
a88% a89Ve
3
*
■
■
Jan
30
33% Mar
15%
7
155
6%
Canadian
!
:
Feb
7* 03/4
Jan
18/8
'
14>/4
.13
Bethlehem
i
Feb
1.45 Feb
Mar
25
50
103/8
18 %
....1
7
1-.
14%
100 > a88%
Blair &-Co Inc capital
Bunker Hill & Sullivan
Jan
373/8
Apr
6%
Feb:
29
■
36% Mar
730
27% " "
"
Magna vox Co
14% 7'
-
High
38% Mar
200
—3
Berkey & Gay Furniture Co
/
20 y4
7
Mar
21
777" 2,765
27
10%
—7
:
.—5
_
3%
Bendix
'
Feb
20
Jan
,16% Mat
750
27
.
& Libby
(Ill>__.
3ya
•
Baldwin Locomotive common
Jan
37'A
.
Feb
34'/4
Langendorf United Bakeries cl B_.
X«esiie Salt Co
«
Co
■
3y«
■
Mar
390
7 50
7
Apr 7
"
,
&
Low
.
Atchison Topeka & Santa Fe
Aviation Corp of Del
7-7'
1.15
7 63/4
6 3/4
1
common.
Jan
45
"
Kaiser-Frazer
Armour
-.5
54
•
103% Mar
25%
21%
a35
34%
35%
40 3/4
125
1.00
Jan
7 30%
310
211/4
1
20% Mar
17%
7
1.10
Feb
200
19%
a35
a35
28%
210
,
'■'■
171/4
211/4
...20
.7772
1.
Jan
102
380
19%
7
7'
30
130
21
45
Feb
28% Mar
7
579
30% 7.
20%
>45
651/4
«. m*. mm mm,
Baltimore & Ohio RR common..
'
7"
1021/2 1031/4
21
-
Jan
20
100
30%
_•
common
Mining Co.
: *
52 y4
'
280
,7
30%
"120
Co
Idaho Power'Co
I XL
30
7
102%
:7w7*
Co.—
Plantation
'
■;
Ltd
'Honolulu Oil Corp capital
Motor Car
31
30
30
.
Pineapple Co
Honciuiu
31
31
*
'Greyhound Corp common
Hudson
25
=>
1100
preferred 7
Hawaiian
;i 24%
m
McBean
Golden-State Co .-Ltd common
4%
593A
24%
*
891
59%
593/4
Range Sinee January 1
Low j High
d39%r a40
a39%
.50
Copper Mining
Argonaut Mining Co..
7
Jan
5%
Jan
Sales
for Week
Shares
Range
of Prices
Par
High
'
Galland
Week's
Thursday
Sale Price
forWeek
Range
Sale Price
STOCKS—
-K-i
ENDING APRIL 4
Sales
Week's
Thursday
RANGE FOR WEEK
al9'/2 a20
25% 7 25% 25%
a48%
a48y4 a487/a
al9y2
355
20
3%
Jan
:
,
Apr
17%'
Jan
48% Mar
Jan
7
14
Apr
23
y
Jan
23%
310
18'/4 Feb
4%
Jan
14
370
'•7785 7,
•
15
Feb
281/4 Feb
521/4
Jan
,
THE COMMERCIAL &
FINANCIAL CHRONICLE
■
Jff
.
CANADIAN
*
*
.
Monday, April 7, 194/
•
MARKETS
LISTED
FOR WEEK
RANGE
K
ENDING APRIL 4
-Thursday
Range
Sale Price
of Prices
Shares
>.
•
&
Low
Range Since January 1
High
LOW
High
18%
13%
187/a
559
17% Mar
21% Feb
20
21%
21V2
2,253
18%
Jan
22
Feb
20
40%
40%
21%
40%
2,060
37%
Jan
41
'
105
100
23
23
275
22
105
25
105
23% Mar
Jan
105
23
Acadia-Atlantic Sugar A—
5%
preferred
Algoma
Steel
Jan
Feb
106
101%
101% 101%
240
101
Feb
103
Quebec
Power.
Knitting
"
197% 200
107
192
Mar
204
Feb
26%
30
20%
pfd—25
8%
Argus Corp common
4Vz% preferred
100
8%
96%
22%
3,485
35
26%
8%
97
26%
50
05
2.00
Feb
9% Feb
Rolland
2.00
Apr
Power <fe Paper class A
Bell
Feb
28%
340
27
Jan
30%
22%
—,—
British
23
23
216
21
Jan
23% Feb
Light
&
•
23%
22%
23%
•
Products
3%
3%
3%
British Columbia Power Corp
A_
2,750
.>■.-, :K &A
28%
28%
•
Class B
*
Building Products class A
Gold
2%
191
Apr
$1.30
Canada
Steamship
Power
•
Corp
St. Lawrence Paper 6%
15
Illeo
Breweries
3%
Apr
Feb
4%
;
Feb
Mar
29% Jan
3 % Feb
28% Mar
1,625
.,,
Sicks
2
0 %
Southern
Bteel
Co
Cottons
Jan
Feb
32% Feb
18%
Feu
19%
30%
19%
235
19
Mar
23%
Jan
Wilsils
31
395
30
Jan
10%
15%
233
15
,31% Feb
11%
9% Mar
1,030
48%
17% Feb
14%
Jan
47%
1,634
Jan
50
Mar
27
13%
25
18
18%
436
18
Mar
60%
61%
125
58
vJan
40
40
347
40
Mar
13%
Jan
15
Mar
Jan
44%
122
225
36%
116
-13
14%
-
Jan
67% Feb
<42 % Jan
43
120
40
Jan
175
30
Apr
i31% Jan
35
5
32
Mar
.
25%
2,165
'J. 172
13%
13%
11
170
Feb
129
Jan
265
13
Mar
12%
100
12% Mar
172
f!72
S 13%'
mmJ*
Canada
■
16%
Power
12%
23% Jan
16%
9%
17
0%
16
77
77
77
83
83
83
38%
9%
common—
38%
25
p;/x38%
—
9
9
9
J 78
78
Feb
25% Jan
172%
Feb
14 Vs Feb
13% Feb
Mar
18'A
8% Mar
•
Feb j*
9%
Feb
81 %
Feb
Mar
89
Jan
35 Va Mar
78
Walker
::
Gooderham
Worts
&
Ltd.
Grocers
(Geo)
?4'r>
-?
23%
41
Jan
10
Feb
Apr
8% Mar
).<-
74
Mar
81
;'
.<
Feb
Jan
23%
24%
23'A Mar
26
35%
—
35%
32
Feb
37
Feb
29%
29
Jan
31
Feb
22
22
Jan
23
Mar
16%
17%
13
37
37
26%
26%
21%
21%
125
21%
21%
22
410
21% Mar
23
Jan
26%
26%
855
25%
27
Feb
37%
37%
23%
24
1,506
50
III?'- 4 16%
Winnipeg Electric common—
29%
22
common
Ltd
Limited
Zellers
5%
common.
preferred
..10,:-
Canadlenne
-10
Commerce
43
Mar
22
>
IOM 26%
10>&:—
Montreal
Nova Scotia
.38% Feb
35
Jan
50
$17,000
Jan
K
17% Mar
100
36%
Jan
38
Feb
85
26%
Apr
27
Jan
Apr
22
Feb
19%
Jan
30
35
25
Banks
30
*
Feb
9%
663
Feb
43
Investments
106
1,008
40
Jan
24% Mar
275
25%
Mar
14%
122
pfd. .100
Cotton.
Western
48
Feb
104
104% Mar
15
26
Jan
39%
tt~
Steel Corp
Jan
25
Foreign
20%
Mar
12%
Chemicals common.
of Canada
Wabasso
16
25
7%
common
Tooke Brothers
29%
25
common
.
18% Mar
25
103
104% 104%
25
Preferred
200
18
•
100
preferred
19%
26
,
12%
J*
560
60%
20
Canadian
Canadian
Jan
39%
..100
pfd
Williams of Can
Breweries
18
48
•
Class A
Canadian Celanese common——
$1:75 preferred
17
103% 103%
'p'—
i*-- vi
Shawinigan Water & Power
Sherwin
30%
25%
*
common
•Canadian Car & Foundry common
Feb
15% Mar
V
United
2%
10%
common
preferred
Canadian
30%
-100
Northern
6%
*
preferred
Canada
Feb
61%
103
175
16
19%
v
50
preferred
18
5
common
„ioo
Lawrence Corporation common.
Weston
Canada Cement
High
Jan
100% Mar
23% Jan
Mar
,22
75
2%
29%
30
-—
Dredging
183%
1,670
Power
Forest
524
183% 185
-100
Trac
Columbia
Bulolo
4
•
Telephone
*v.vr....
Brazilian
:
54%
220
26
—
.100
pfd
Saguenay Power 4 V*Yc pfd
St
Btandard
VVU
1,655
,
Jan
28%
Corp
Batburst
16
19%
common
4%%
Paper
Feb
98
Feb
1,35
Apr
27%
Jan
7 Ye Mar
1,090
1.35
1.35
1.35
Warrants
Asbestos
Low
:
61
100% 101
16
Range Since January 1
High
58
101
Jan
200
100
Aluminum Co of Canada 4%%
Jan
> 30
29
"
common
—
58
L100
Transport
Regent
A
5 7c
preferred
Aluminium Ltd
_*
common
preferred
Provincial
Low
Shares
Jan
Paper com.
$1.50 preferred
$2.50 prior preferred
Bros & Co Ltd
4%
for Week
Par
Abitlbl Power
Price
Sales
Last
stocks—
of Prices
Par
Week's
i
Sales
for Week
Range
Sale Price
STOCKS—
Canadian Fonda
Thursday
Week's
/'.'.Last
Montreal Stock Exchange
.10
Royal
.23%
90
Jan
Feb
Mar
39
Jan
23 Va Mar
25
Jan
50
50%
Feb
37
'
■
.
•
Bonds-
Canadian Ind Alcohol
Canadian Locomotive
•
-—
Oils
Canadian
Pacific Railway
Cockshutt
13%
13%
13%
252
13% Mar
•
28
28
28
190
28
17
17
10
common
Canadian
•
common
13%
25
Plow
]
"Consumers
Crown
&
13
769
Jan
Co
15%
12% Mar
14%
89 %
1949
/:'■
70
41
Mar
47 %
47%
23
45
Jan
•
Davis Leather Co
Ltd
class B
12%
_•
Dominion
Bridge
Dominion
Dairies
Dominion
Foundries
16%
.•
Steel-
A
34 %
48
Jan
100
Dominion SteeL & Coat class*B-
—
,
14%
Paper 4%%
pfd
Famous Players Canad
Corp
Foundation Co of Canada—
20%
17%
.*
Bridge
-
4%
17%
'■'
•
184
5
180
104
: 7%
*
28%
20
17%-
-75
18
245
25%
4%
15
Labatt
Lake
17o
Lang
Pub
common
Co
Serv
Ltd
common
Feb
Laura Secord
50%
-•
Massey-Harris
McColl-Frontenac Oil
Mitchell (Robert)
Molson's Breweries
Cottons
National Breweries
7% preferred
National
Drug
National
Steel
Niagara
&
Chemical
Corp—
Weaving
Wire
Noranda Mines Ltd
Ogilvle Flour Mills
Ottawa Light Heat
Penmans
6%
Placer
Ltd
common
&
Power
common
preferred
Development, Ltd
For footnotes see
page 46
Jan
38%
Jan
10
37%
Apr
Feb
48 % Mar
55
14%
16%
Feb
Mar
46
Jan
12
Mar
13%
Feb
13
Feb
=
25
12%
12 V*
25
;
25
11%
Jan
Jan
25%
7%
Catelli
5%
Products
Feb
18
Feb
14% Mar
Neon
Jan
,189
10
10
Apr
2%
3,910
7
2
26
Jan
145
85
135
3
Advert
Mar
,24
*
•
42% Jan
47
22%. Jan
24
15
15%
Feb
40c
Jan
15 Vs
37
40c
500
3%
1,300
3% Mar
18%
3,903
17% Mar
%„;,..
18%
18
10
10
7%
100
2
7%
2%
4%
*
•
4%
—*
43
*
Ltd—•
7
43
7%
.
Jan
37%
Jan
Jan
2% Mar
4% Mar
41%
Feb
10% Mar
1.10 Mar
6,920
Mar
19%
5%
48
Jan
••'
Feb
Jan
40%
Feb v
37%
Jan
20
Feb
'
Squirt
Dominion
*
•
Corp„
26% Mar
East
36
Jan
Eastern
175
37
~
•
„
37
37
18
18 Vz
17
;
Jan
Jan
,
v
Mar
19%
Apr
20'A
20
15
pfd—
Feb
Jan
Federal
Feb
Fleet
21%
Feb
Ford Motor Co of Canada class A
Fraser Companies
26%
26 Vz
26%
490
23'A
Jan
27%
16%
17
200
Feb
36
20
16% Apr
34% Jan
20
36 .:
36%
Feb
12%
10
12% Mar
14
Feb
24%
7,750
19%
345
&
Co
class
58 Vz
200
53
7
7
100
7
3%
4
;225
•
22
22'A
878
1
51
51
104
30%
31%
*
A
Aircraft
Mar
Jan
61
Jan
.8
Feb
4%
Apr
Feb
Jan
720;
50
Jan
Man
*
3%
.
Jan
12
.
-
22'A Feb
Jan
55
Feb
Feb
17
Grain
Mfg
.3.10
•
Fanny Farmer Candy Shops Inc——1
30
21% Mar
21%
10 Vz
58
•
16%
Jan3
21%
10'A
100
Ltd
21
Jan
18%
Steel Products
21%
Mar
16
Kootenay Power 7%
'f\0r ' ;
12%
24%
23%
19 Vz
19%
19
Jan
34
108
31
43%
440
43% Mar
47
47
25
25
24%
47
35
47
Jan
25%
160
25
155
48
23%
27%
50
65
35
152
*
Jan
13%
Feb
Inc
20
20
5
27
3%
4%
27
•
20
5
*
preferred—
Jan
Jan
„
Jan
26%
Feb
Mar
26
3%
27
Mar
53
Jan
15
Feb
65
Mar
Hydro-Electric Securs
Corp
15%
92
31%
31%
20
;
•■',. Jan
Apr
28
Feb
16
31% Mar
•
12
12%
113A Mar
Ltd
class
Lowney (Walter M) Co Ltd
92
90
'
.Jan
,
^-Jan
92
Mar
MacLaren Power & Paper Co
Maple Leaf Milling Co Ltd com
Jan
Maritime
17
Jan
Massey-Harris Co Ltd 6%%
71
Jan
McColl-Frontenac Oil 4%
152
41%
,:••• 14
*
*
31%
12%
7.
•Y-','J-7;
Apr
Jan
11
7 ( 5
41%
40
Jan
14%
14
Jan
3-7 14% Feb
20
Jan
:
V4i%iMar
Feb
Tel
&
Tel
21
21
29'A
-10
common
29%
21
Aor
31%
Feb
:
'
Jan
19%
Feb
Minnesota
37
455
34
Jan
38
Feb
13%
755
11%
Jan
15
Feb
Mount Royal Hotel Co Ltd
Mount Royal Rice Mills Ltd
Melchers Distilleries
&
Ltd
Ontario
pfd
pfd
Feb
16
13%
•
14% Mar
15%
92
A—*
Co
152
36%
Mar
3% Mar
Ltd_*
*
Groceterias
5
17%
■>•■
Jan
Apr
Journal Publishing Co of Ottawa
St John Power & Paper
Lake
29
>
Feb
78
:10% Mar
Jan
Jan
27% Mar
34
-
10% Mar
Jan
49
LaSalle
A
50
17
13%
47%
46
345
16%
65
37
Jan
24
1,185
27%
152
40
Mar
13
10%
Loblaw
13%
16%
152
de
24
63%
78
10 Vz
Hotel
■■■
*
47%
Jan
405
77%
A_
Hubbard Felt Co Ltd common,———*
Feb
Class
34
class
24% Mar
18% Mar
43%
•
-*
A preferred ^
22%
"•
13%
Great Lakes Paper Co Ltd
Horner
.20
100
pfd
1>
*
*
14
50
18
18 Vz
9,354
14
:.
14
100
14
10
Paper Co
28% Jan
102%
103 Vz 103 Vz
18%
97/a
97A
25
104
Jan
13%
Feb
37
Jan
3I>%
Jon
0% Feb
Jan
14%
.
Jan
21
Feb
14% Mar
10%
!
Feb
■,
4%
8% Jan
7% Jan
33
38%
Apr
Jan
35c
25
7%
2%
—
Frere, Limitee class B
Engineering Works Ltd
51
37
15
£■
•
Domin Oilcloth & Linoleum Co.
Feb
45
35c
35c
common
Dominion
3%
24
3
15%
com
Corp. Ltd
Jan
154
45
.
f
Feb
Apr 4
24
*
•
Consolidated Paper Corp Ltd
Jan
3%
35%
Mar
1,950
Jan
2%
Jan
1,032
Feb
Jan
12%
2% Mar
2%
35%
3Va
com
Feb
27
Mar
3Va
Consolidated Textile common-,
Cram Ltd (R L)
David &
16%
Apr
21
,185
2%
15
Gen
Commercial Alcohols Ltd
Aircraft
15'A
24
186
141%
preferred
Claude
Feb
20
895
17%
13%
2
Co
Ltd
Mar
18
14
—100
Westinghouse
Food
Mar
112% Jan
39% Jan
.32
preferred
Canadian
23% Mar
38
39%
2%
Company
Canadian Western Lumber Co
Feb
107
.Jan
10
common—...
Canadian Vickers Ltd common
Jan
15%
19%
Marconi
Jan
20% Jan
110
112
18
Canadian Pwr & Pap Inv Ltd corn-
Feb
20%
19%
Canadian
Feb
Apr
186
Industries
F'eb
\
10%
88
Jan
106
22
Jan
14
•
Canadian Light & Power Co
25
172
19%
106
-
39%
-
•
preferred ,—I
33%
34 Vz
16
19V*
—'"fe——*
Vinegars Ltd
112
3;
—
#-39%
»
Donnacona Paper Co Ltd
175
19%
7%
Cub
40
12%
106
21%
pfd. .100
Class B
Canada
Jan
30
1
*
37%
10
Apr
33% Mar
750
•
*
120
125
2,055
1,480
com—100
Powell River Co
Jan
40 %
•
Power Corp of Canada
26
12 Va
•
100
Mar
Mar
14%
■$'
•
25
34 % Feb
100
40 %
5
*
Feb
14%
•
pfd
Feb
8%
12%
25
Car
15 V*
12%
100
common
Feb
1,004
100
Tramways
Feb
15%
52
•
Montreal Light Heat & Power
Cons—♦
Montreal Locomotive Works
•
Montreal
35%
34
•
common
10
175
*
45%
Jan
50%
34
—*
-
38
J34%
175
3
Jan
12%
14%
*
„•
40%
99% Mar
•
Lewis Brothers
Montreal
•35%
467
1,837
5
.100#
pfd.
Sugar.
Jan
Feb
335
Dominion
9 %
>
5%
Mar
78
Feb
Jten
13%
4% Mar
79
10%
15%
Feb
630
&
4%
78
10
'
9%
99%
■4%
100
23%
29%
25%
Preferred
15%
*v 53%
34
171
Canadian
Jan
99%
27
Apr
12% Mar
M
Mar.,
Jan
3
,
Mar
Canadian Gen Investments Ltd,
Mar
33%
2% JFeb
25
16%
13% Jan
7% Mar
30% Jan
19
157
Feb
52
481
12%-Jan
Mar
157
Jan
27
350
Mar
'19
25%
Jan
20
8-
711
23
5%
7% Mar
"
157
18%
lt% Mar
Mar
7%. Feb
7,.
12%
108%
r
5% Fqh..
Mar
6
12%
25%
Ltd
Calgary Power Co Ltd 6%
Feb
12'A
251
Butterfly Hosiery Co Ltd
Jan
525
10
•
•
110%
Apr
Feb
Jan
150
100
LtdiJohnA)
Candy
18% Feb
110%
7%
38
25
•
106
155
15%
Co
Canada North Pr Corp Ltd 7%
Canada Packers Ltd class A
17'A
10
„
11% Mar
450
Pulp & Paper Co Ltd pfd.
Brown Company common——
Canada
52
25%
.*
Limited
the Woods common
Sons
C;
99%
15
preferred
&
34
•
100
15
Ltd
Jan
Oil
American
Feb
4% Mar
165
w
Col
Jan
Jan
-•
25
_—■
19%
28 Vz
7%
8
25
(John)
of
8
*
International Power
International Utilities Corp
Jamaica
15'/a
;
£1
Petroleum
.18
Jan
28
13%
International Paper
300
■
Jan
Apr
Ltd
26
-110
Jan
200
Feb
Mar
Jan
10
19
Jan
109
100
17%
;
21
17% Feb
5
4%
17%
Feb
20%
.
8
25
185
17%
290
110
13%
lSVs
international
105!
16% Mar
102
11
preferred L
Brit
Mar
High'
10%
11
B
24
50
18
-
110
20
Low
10 %
Apr
52
50
5 7o
Range Since January 1
11
Brand & Millcn Ltd A
British
425
Shares
...
184%
20%
"
of Priees
High
t-
class
Ltd
for Week
Low
■
Bachum PowerPaper class B—
Belgium Glove A (Hosiery common.
Mar' ";
Jan
41%
preferred
.28
Fabrics Co
Sales
Week's
Range
•'♦^; i0%
Glove Works Ltd
Auto
V.-.V
^Sale Price
Steels Limited—
100% Mar
Mar
13%
6%
Fab
26% Jan.
28% Feb
-
Jan
17
41%
Intl-Hydro-Elec System class A
International Nickel of Canada com
- v;.,
.18%
Jan
103
Imperial Oil Ltd.
Imperial Tobacco of Canada common.B
common
25%
20
42
preferred
Feb
360
*
Industrial Acceptance
Corp ^.com
New 4%%
preferred
Jan
38
20%
147/a
*
—
Smith Paper common
preferred
Hudson Bay Mining &
Smelting
42
Jan
Acme
Brandram-Henderson
106% 106%
15
V
92
18
*
$2
125
155
109% 109%
110
"
Howard
28
18
100
International Bronze
Jan
Par0\'-
Feb
33
13% Jan
*25
Jan
""25% Jan
96
17%
100
& Alabastlne
15
340
28
25%
100
Ltd
"
20
•
__
426
"
36
104
1
General Steel Wares common
6%
11
Apr
>
stocks—
Feb
37
Jan
Last
Jan
Apr
36
.....
96
—•
5%% ^preferred
15
14%
26
20
20
Gatineau Power common
5 % %
preferred
15
28
96
.•
Eddy Paper class A preferred
JElectrolux Corporation
Hamilton
29%
125
36
,
26
100
Dryden Paper
36
36
28
100
Gypsum, Llme
19
.Jan
10
184
Y
Preferred
preferred
32%
5
^/Thursday /:'
13% Mar
Jan
Mar
16
50
—.
~Vxr--T
-Dominion. Textile
5%
11%
156
10%
--
*y
,
Bakeries
34%
29%
36
'
—
28 ,0*
Stores Ltd
•
Dominion Tar & Chemical common—JF
V. T. C. —
General
1,315
10%
——100
Dominion
■
50
17%
29%
♦
V'
Canadian Funds
;
Atlas
Dominion Glass common
Preferred
.—I
Donnacona
12 3A
16%
34-
«
commons
Jan
Curb Market
143% Mar
..
Distillers Seagrams
—
Feb
41%
*
notes,
Ht & Pw
Feb
83% Mar
12%
85%
.
Mont Lt
Feb
364
12%
85
41%
Seal
Jan
911
12%
Glass
Cork
13%
13 3A
Jan
Jan
18 %
Apr
85%
Consolidated Mining At Smelting
16%
37
Mar
17 '
Jan
4
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4583
[Volume 165
CANADIAN
RANGE
Thursday
Week's
Last
STOCKS—
Par
Nova Scotia
Light & Power
6 7c
preferred
Nuclear Enterprises Ltd-.
■
Low
.
100
——*
■,
14 >'.*
:i.
High
Low
■
•«,!-' m
■
'
High
Range
for Week
of Prices
Shares
Low
Par
■
■
109
20
104
Feb
111
Feb
Area
112
10
110
Feb
112
Apr
14
.
14
•
25
12
Jan
14 V4 Mar
Angus Corp Ltd common——
Preferred
19
175
18
Mar
22
Arjon
.100
Crush
Rights
Pauls
Ltd
Stores
non
part
cum
Sarnia
Bridge
Southern
pfd
8outhmount
4
18
18
18 %
50
110
110
25
59
59
10
50
—
*
Pow
Invest.
pfd
6%
Co.
5
5
*
Ltd
Co,
Canada
2Qc
1st pfd_20
cum
2nd
Service Stores
Rand
18 %
15c
»
Corp of Can 6%
67c
18 Mi
-
15c
Service
Power
*
—
11%
11V4
120
120
34c
14,816
17
17
55
100
100
—
Ltd
33c
;
10
\
25
.
96%
—
1
Mines.
Gold
1
Mining
1
Jan
Ashdown
A.
—10
Jan
Ashley Gold Mining
——
Astoria Quebec Mines—.
1
14C
Athona
1
30c
Jan
12
Jan
Ltd,
of
Gas
•
Canada
__
41c
vjan
16% Mar
•-
Corp Ltd cl A
»
B
United
9%
9%
9%
Corporations class
B_—
50
Mines
—.
-
—
Mar
65c
7,200
56c
Mar
8%C
20,500
7c
Mar
8c
14
8%c
14
14%
13
Jan
1.03
Jan
12c
Feb
Mar
15%
Jan
11c
4,000
12c
Mar
23%c
Jan
21,312
26c
Mar
38c
Feb
25c
30c
15,800
25c
Apr
38c
Feb
11
11%
175
Jan
12%
■
160
30c
14c
10 %c
•
Atlas Steel
Mar
9%
Feb
X
21c
20c
21c
4,000
20c
Jan
35c
Feb
—1
Yellowknife
Atlas
17% Feb
29c
27c
31c
24,200
26c
Mar
39c
Feb
—1
55c
51c
60c
139,000
50c
Mar
76c
Jan
1
5.00
Mines
——
Mines Ltd
Aubelle
29%
29V2
1
29%. Apr
29%
29%
1
29%
of Canada, Ltd
Securities, Ltd
:
Westeel. Products Corp Ltd
"'//v ///••
•
«
United
10
»
.
17
20
17
:10
-10
26
__
—100
26 %
"*:• "
"
-,31
Geld
Aunor
Feb
30
Mar
Apr
Auto
Mines
Fabrics
Class
—
class
B
17
Jan
23%
Bagamac
Feb
Bankfield Consolidated Mines———1
Apr
Bank
of
Montreal
of
Nova
5.20
12%
100
6%
6%
640
6%
*
11,117
4.30
Jan
5.00
Jan
13% Mar
Feb
12
7% Mar
5%
Feb
Feb
26%
Jan
>
Jan
15
Mar
.
v';7%
145
>
21
25
Mar
716
15
4.75
—
*
—
.
12%
■
*
A
—,—
Bank
17
17
10
a
United Distillers
10 % Mar
9% Mar
29%
29%
Amusement
Class
Feb
Jan
17c
60c
1
Auraaque Gold Mines—
United
Feb
97%
91
'
Thrift Stores
Union
Jan
9%
Mar
123
13 %c
2,000
12c
olass
High
Mar
7% Mar
55
.
18c 18 %c
Armistice
Hardware
•
8c
.
—,t
64c
Amtfield
7
119 % Mar
24c
96%
Jan
60
Apr
Feb
10 %
200
Mar
112%
Jan
5
8%
30c
Apr*
108% Mar
,!
Gold
2,000
8%
21%
Mar
18
25
31c
10c
i
Jan
Low
' 9%c
8%
-
Range Since January 1
High
9c
9C
1
Mines
J
Orange
Sales
Last
Sale Price
STOCKS—
112
__
Week's
Thursday
Range Since January 1
?
109
*
com
MARKETS
for Week
Sharee
43 '
FOR WEEK ENDING APRIL 4
Sales
Range
of Prices
Sale Price
LISTED
•<1899)
20c
19c
6,550
16c
Mar
26c
14c
1
Mines
12 %c
14c
6,333
12c
Jan
19c
26%
26%
535
25%
Jan
27
37
37%
245
36% Mar
*7%c Jan
18c
20% Mar
23%
65c
Jan
91c
Jan
45 %
—10
Scotia
26%
—10
37%
—
21c
*
V
Feb
Jan
Feb
,
39%
Jan
Ulnlng Stocks
Alta
"Yellowknife
Mines
Band-Ore
Gold
1
.
Ltd_i__———
Gold
Mines
1.27
Ltd
.
400
1.20,
.'15c
10c
34c
2,000
2,500
41c
4,000
1.15
100
31c
34c
—1
1.27
15c
^
_;__1
1.49
Jdar.
,
Jan
Bathurst
bear
44c
'Jan
Feb
31c
Apr
38c
Mar'
«
Exploration Ac Radium—
Class
Beaulieu
Yellowknife
Bevcourt
Gold
Bonville
Gold
Buffaddison
Ltd
Mines
__1
Mines.
Mines
Gold
_____1
Ltd
-
1.15
•
1
Mines_„
41c
—
10c
—
1
—
10c
v
,1.30
;
:
1.30
-
1.12
100
—
,37c
...
500
1.16
Mar
1.50
Mar
1
J-
4%c
4%c
1—i.
Centremaque Gold Mines Ltd
20c
20c
20c
'200
;
5c
Feb J;
Mar
-
2,000
.
18c
:
.
Jan
■iCentury Mining Corp Ltd
Cheskirk
26c
—_1
Mines
«
50c
•
-
Cortez Exploration
L.-.
Detta
Red
Dome
Mines
Lake
23c?-Jan
54,500
„
>50c
35c
--
35c
v44c
Feb
J.6%cMar;
32c
Jan
41%c Mar
31,000
20c :Mar
?
11,740 *X
60c
1
Mines.—
19c
19c
13c
Mar
25c
Jan
k--1,000
^.28c
iJan
39o
Jan
1
20c
60c
*
17c
7,600
60c
21
1,050
1.19
1.15
1.19
*1,000
1
3.40
3.30
3.40
4,000
1
57c
57c
57c
5,OCO
1
34c
31c 35 %c
Mar
60c
1,000
21
1
Ltd
43
Feb
Feb
Mar,
,
43
15
41
?.
40%
15
40%
Apr
43
Feb
43c
113,000
34c
Jan
64c
Feb
184 184%
443
80c
80c
500
78c
Jan
5
5%
155
4
Jan
34c
40c
6,000
33c
Mar
1.10
1.19
15,900
88c
Jan
18%c 20%c
if 11,400
16c
Mar
40%
—100
1
184%
*
5%
35c
38c
Feb
Gold
Mines———
Bevcourt Gold
Hats
Biltmore
Class A
1.15
—
-
19c
Gold——
Kirkland
7
*
common
'12%
«
preferred
Mar
184
191
Feb
90c
Jan
5%
Apr
55c
Feb
1.34
Feb
28c
Feb .v
10
12%
12
Jan
14%
Jan
22
22
20
21% Mar
22%
Jan
23c
22c
24c
-4,000
14c
28c
Jan
43c
35c
43c
32,293
32c
Jan
8c
8c
4,500
8c
Mar
22
23
—
Feb
2,000
,
>
40c
B
Sons 'class
&
8,500
*
25 %c
<82c
-
Feb
22
Apr
18%
Jan
Bonetal Gold
Feb
Jan
1.02 Mar
1.60 Jan
3.15 Mar
4.65
Jan
37c
Mar
1
—
class B
Co.
_1
;
Gold
0
i
•
i
10c
""
10c
2%
22%
—: '
11%
?
11%
23%
16 Ya
—
•
Mines. Ltd
Brand & Millen class A-
Bralorne
11%
2%
Gold Mines-.
boycon Persning
23
—
Jan
90c
Bowes
:
-1
Bobjo Mines Ltd
Bonville
Ltd
Mines
-'
16c / 16c
5
Denison Nickel Mines
Donalda
47c
1
>Cournor Mining
.26c
v 20c 22%c
20c
Consol Central Cadillac Gold Mines—1
22%c
13,385
—1
Bell Telephone of Canada
Bidgood
-
'36,200
V
220
84c
0
—
Berens River
Berwick
7c
Feb
23
78c
*
.-v
....
Yellowknife
Bertram
Cartier-Malartic Gold Mines Ltd
22%
78C
Mar
10C
Mar
1,25
B
Beaulieu
23
1
Beatty Bros class A
51c
•l19c
14c 15 %c
•
A
class
Power
Mar -;
Jan;
14c
——*
Base Metals
Akaitcho
'46 %
.
-
Jan
Feb
18
115
4,000
,17c
2Va Mar
Apr
Jan,
11% Mar
800
Feb
23
Mar'
10c
-
1;025
--7
Feb
44c
10 %c
13 % Mar
3Va
:
Jan
'
''
-East
Sullivan
Mines
Gold
Eldona
El Sol Gold
Fontana
Mines
Ltd
;
Mines Ltd
Mines .(1945)
a-..
Ltd
1
11 %c
Formaque Gold Mines Ltd
1
72c
70c
1
7c
6%c
-7c
1.57
1.51
ll%c- 12c
Lake
Goldora
Gold-
Mines
*
Ltd
Heva Gold Mine# Ltd..
l
Hoiiinger Consolidated Gold———
Lake
Mines
''-'X v
/
10c
4c
61c
t',
Gold
Lmgside
Gold
Mines...
Gold
Mines
Louvicourt
Mines
Mines
Necni
Cons
Ltd—
Normetal
O'Brien
Mining
Gold
Perron
Gold
Pickle
Pitt
Gold
Quebec
Quemont
13c
1
2.15
>
v
8c
1.10
1,500
FebA
6.00
Mar
,
13 %c
7 Jan
1.38
:
v
22c
.2:00 Mar
Jan
2.85
100
.3.60
4,400
56%
40
1.10 ? 4.12
3.55
2Mb Mar
Feb
3.15 Mar
56
'4.80 Jan
Mar
56%
Feb
1.20 Feb
—1.70
1.70
1.75
200
2.15
2.35
9,450
Mines.:
—1
<■
——
<Jan
21c
2.05
-
2.65
Jan
Feb
1.10
5,000
1,800
1.05
2.90
200
2.90
15c
15c
9,000
13c
Feb
18c
Feb
17 %c
23c
38,000
12c
Jan
35c
Mar
1734'
__
♦
17%
4.90
150
Feb
5.50 Feb
;
Mar
w
1.23
Jan
Mar
3.25
Feb
17% Mar
2,500
63c
5,700
23c
32c
Apr
32c
Jan
5.35
Feb
32c
32c
32c
500
4.25
4.10
4.25
2,585
1
Ltd
65c
1
60c 67J/2c
12c
—
«.-£*
Mar
16,035
50c
lzc
1944 Ltd
Standard Gold Mines Ltd
■
68c
Mar
60c
2,701
15Vie
15'/4C
16c
2,600
2.40
2.25
2740
6,150
2.15 Mar
12c
11c
12c
10,500
78c
15%c Apr
1
•"
1
7c
20c
Jan
Mar
2.80 Jan
Jan
14c
Feb
Ankerite
—.
ml
Ltd
50c
50c
1
50c
2,000
3,25
«
Royalite Oil Company Limited
3.25
205
*
6c
4c
6c
42c
2.94
60,500
17
-
17
Toronto Stock
75
3c
14%
Mar
75c
Jan
Jan
3.45
Mar
Feb
7c
Feb *
19%
Jan
Feb
Exchange
an*
Last
STOCKS—
& Paper common
•
$2.50 preferred
Akaitcho
i
for Week
,t
caigary ft Edmonton—
Callinan Flin Flon
Calmont Oils
Aiummium
4,225
18%
40%
150
37%
Jan
93
170
22
104% 104%
15
35
35
35
1.25
1.25
1.30
12c
12c
14c
Lake—
1
23 %c
23c
29
25%
101 %
•
104% Mar
5
32
Class
B
Aluminum of Can pre!
Amalgamated
%neio
Larder Mlnes.
Yellowknife
Canadian
Anglo-Huronian
Anglo-Rouyn
200
Oil—
.100
1
Apex Consolidated Resources.
For footnotes see page 46
7,000
23c
—-1
700
,
12c
Jan
8c
4,100
20c
50c
g 13
:
Mar
;
'V
Feb
7%c
•
Mar
Jan
32%
Jan
29% Mar
5c
Feb
35c
27c
2.80
Class
Mar
Feb
255
16c
3,800
12c
2,900
97c
26
Jan
32c
Jan
Feb
15%
Canadian Bakeries
Jan
30
8.75
Feb
1.05
Jan
12,000
19c
Jan
6%c Jan
Feb
40C
Feb
3:50
:
Feb
1.51
.
5%
J;.v
5
102 %
Jan
f? 6% Mar
Apr
Mar
105
*75
Mar
23%
Jan
50
"71
Jan
19
Mar
80%
120
30
Jan
31
26
50
24%
Jan
26 Vi
7%
-
>'
: < 541* .'.::
39
7
60
Mar
53V2 Mar
230*
8
•62
Jan
Feb
Feb
JanJan
Apr
12
38
Jan
40
Jan
350
17
Jan
18
Mar
106
188
Jan
200
Feb
255
10
39
14
Jan
17
Feb
41
47
Jan
49%
Feb
9%
655
39
17%
-
160
18
-
193
15%
..
192
15%
47%
193
48
t.
74
25
73
Mar
87
Jan
100
19
Mar
23%
Feb
Mar
74
f-
8%
8%
50
8% Mar
9
22
22
22
430
21% Mar
23
25%
24%
25%
1,480
24
Mar
26%
Feb
22
—10
———*
22%
65
22
Mar
26
Jan
26
Mar
common———*
26%
26%
*330
22%
22%
310
22% Mar
26
Jan
&
13%
13%
200
13
Jan
15
Feb
18
18%
825
18
Mar
19%
Feb
61
61%
25
59
Jan
67%
Feb
40
Mar
Car
Canadian
Fdry
common—
18
Class A
•
25
Canadian
8%
Oils
Jan
18%
20
Feb
99%
45
100
Mar
260
260
1
13%: 14%
260
A—*
1,195
40
84C
•
5% preferred
Pacific Railway
Tire Corp——:
—25
0
V
—
13
Mar
27% Mar
50
'70c
Mar
—
Gold
Feb
Central
Patricia
Central
Wines
Jan
Jan
10
105
Mar
106
Feb
.*
13
13%
14
468
28%
28%
20
28
20
Jan
157/8
Feb
Mar
29
Feb
22
Feb
Mar
21
10
2.85
400
2.60 Mar
1.35 >
1.25
1.45
8,800
1.11 Mar
2.08 :
1.95
—
1
Chimo Gold Mines
Jan
Chromium
Feb
Citalam
2,700
17c
Mar
26c>f Jan
23 c
3,300
15c
Apr
24<T Feb
8%
V:
8%
215
45c
45c
2,100
23c
13,100
3.90
6,400
45c'
20 %c
20c
3.80
3.60
:
Feb
45c
-1
Cochenour
Willans
40c
•,
1.24
1.45
:'9%c
1,642
8c 10 %c
'
Gold—
-1*
2.99
2.80
3.25
20,500
4,300
8
37c
Jan
11%
Jan
Mar
79 %c
Jan
33c
Jan
16 %c Mar
3.40 Mar
4.30
61c
Jan
Jan
40c
10,000
45c
1.45
_
Mining ft Smelting—
Jan
17,075
15c
1
Malartic
2.20
2.10
17c 17%c
Mar
9.25
Feb
1.45 Mar
17c
1
Mines
1.93 Mar
3.00
20c
7
0
«±—
Research
Feb
183 %
21
1
Centremaque Gold
Chateau-Gal
Jan
Apr
•
2.65
1
Jan
87c
168
15
V—
Mines—.——1
Porcupine
16
37%
18%
2.85
1
Jan
Feb
*
B
Apr
16%
17
1
Wallpaper class
260
49
;
170
105% 105%
i13 %
Apr
13% Mar
3,375
17 :
17
168
Apr
99 % Mar
260
210
2884c
75c
100
100
com
preferred
10
13%
28
*
*
V::
137/s
13%
*
Locomotive
Canadian Malartic
15%
110
99%
19
100
50
com
Feb
12 % Mar
19
40
*
—
43
125
18%
13%
Products common——*
Food
A
1.30
13c
Jan "
20
Feb
Feb
*29%
Jan
_•
Chesterville Mines
Mar
'•> 170
6
9%
—_•
preferred
Cheskirk
1,030
Jan
_•
1st
Jan
8,700
Jan
Jan.
'
2.40 ■Feb
17 %c
Conv preferred
Feb
1.32
2.30
32
Apr
100
53%
*
Breweries
Canners
1.90
1.12
24c
4,600
Feb
'33c
Jan
9%c Mar
7,100
2.80
•
•
7%
.100
—
27%
8.80
1.70
,
26
•
50
of Commerce
Bank
Canadian
Jan
1.08
29
Mar
19% : 19%
1.05 Mar
1.26
2.65
102% 102%
B—.j—
Canadian
205
7,778
600
*6-
•
Cariboo Gold
102
1.30
15
3,710
2.00;
10
Canada Wire & Cable class A
Feb
Feb
26%
29
2.15
20c
-
Feb
Mar
,
20c
f
29
9%c 10 %c
27c s 30c
2.10
*
*—100
—
Jan
188
7%c
25c
30%
common
Preferred
1.50
115
8c
239
195/8*'
——
Canada Steamship
18c
101
8.80
1.30
1.08
Feb
Feb
'4.75
V
Jan
"
35
Jan
<21
15c
14
23c
;
18
Canadian
33
:
1,100
71%
Canada Permanent Mortgage
Feb
107
2,224
1.17
Feb
1.55
3.45 Mar
20c
150
5c
19% :
Canada Packers class A
Canadian
13,500
200
30
14
14
38c
71%
Malting,——
Feb
30
195
35c
——^.20
*
—
Canada Machinery
Jan
25c
,
Feb
•
29%
——100
50
Canada Foundries class A
23%
101101%
26%
1.22
1-^
Mlnea.
•
—<—*
common
Preferred
Chemical
American
< 37c
*
preferred
Cement
Canada
41
:
1.20 Jan
1,000
,
.
common
7,000
1
—
Castle Trethewey
.m
'
27c
48 %c
1.20 Mar
3:800
26c
1
Canada Bread common—:
Feb
•
_—_1100
X
a
22
Jan
1
—
21% Feb
Jan
23
;
——
Ltd
21%
*
'
Steel
,3.80
24c
1
—
—
—
Campbell Red
Canadian
High
Feb
40%
'
apreferrred
21%
18
2,780
23
Consolidated
Alger Gold1 Mines
AlffOma
Range Since January 1
Low
"A 19
18%
1
;
Yellow Knife..
t
1.35
3.60
f.
5c
Class B
Shares
High
40%
100
Pacific
•
18%
21%
Feb
Marl', ...; 29 V2 Jan
25
"13,925
1.27
;y
26c
—
Canadian Industrial Alcohol
*
common
Agnew Surpass
r
Range
of Prices
Low
Jan
Feb
Jan
3Va
Mar
1.35
—1
♦
—*—•
Gold
Caldwell Linen 1st preferred
Calder Bousquet
Preferred
25
8ugar
Preferred
Alberta
■'
so
preferred
Acadia'Atlantic
V. '»
;>
Sale Price
15c
Feb
9
291/2
Apr
-37c
•
■.
16
Apr f :
2%
10
3.75
30
General Electric
Sales
Week's
.
Par
Jan
Feb
Jan
'-6,300
.
_•
.
Class
Canadian Funds
Thursday
26
7%
27%
6,000
'
40c
t
26
I
400-
18c
•
39c
26
——
Preferred
Power
-17C
u
& Co. class B——
Canadian
f 1.50
2%
Products
Hill
Canadian Celanese common
:
2%
'.1
Buffalo Red Lake Mines
Canadian
Homestead Oil & Gas Ltd
Abitibi
>150
Gold Mines—
Canadian
Buffalo
Canadian
|
Gaspe Oil & Gas Co Ltd
,f, ;?
28%
1
cV
67%c Apr
19c
Jan
Mar
1
*
Mines
Feb
.*
'£
72c
62c
.v
34 %c Feb
Jan
2,0u0
12c
"
■
>
Stadacona Mines
Home Oil Co
27%)
Apr
2.10
Mar
""
Stock!
140
c
.1
Mines
Gold
BUffadlson
Canada
65c
23c 24%c
——1
Mines Ltd
8
7%
Canada Northern Power
63c
24c
^1
Mines
——
77c
63c
_
Ltd-
Feb
14% Mar
IAd—
1
——*
PorcuDine Mines,
neoulan
20% Jan
1
—
Mines
3% Mar
355
Jan
2.90
-
Feb
30c
.;
,
...
1.50 Mar
1.93
Apr
1.05
-
1)000
15
»
^
•
—
4%% preferred
5.00 A5.20
15c
—
Dominion
British
Burns
16c
__
17
Apr
Mar
Apr
12c
—.
3%
14%
—
—
Bhick Silk Mills
Feb
2.15
1.02 Jan
Ltd.—__l
Gold
Gold
B
Building
_50c
Soma-Duvernay
Class
Bunker
1,000
„
3%
15
:
~
"
3.30
2.34
25
——•
*
British Columbia Power class A
Feb
2,600
1
14c
1,030
.•
Apr
16c
Ltd
Shawkey Mines
iOR
Jan
13
12c .Mar
200
56%
1
Sherritt-Gordon
Westville
90c
4.95Mati
.
2,200
25%
Forest
British Columbia Packers "A"
Buffalo
10,800
18c
25
3%
British Columbia
14c
25%
.Jan
27
4%
Feb
18c
•
Oil.———
24
:
*14 Vic Mar
16c
Slscoe Gold Mines Ltd.
Sullivan Cons
Feb
16c
Mines
;
Feb
5c
-Feb^,.
I
.
-,.95.
1.10
Mines
Regcourt
Jan
^1%'Feb
13
15%
195
..1
Mines.
Lake
_
2,85
Dredging Ltd
1 -•
Ltd-_b__C—...l./
Santiago
18c
.1
Gold Mines
Mining
Gold
Feb
—_i
—
Corp Ltd
Yellowknife
•
500
2.15
3.50
,
-100 :
v
8c
r
Mines
Crow
1.92
-3c;vMaT|2
8 %c "Jan X
$80)-Mar
5
J..30
2.15
1
Ltd.
Mines
Cons Gold
Pato
-
Mines
Feb
•
500 /
12!/2c
__
■»
'
8c
1
Dredging
Louvre
Red
*
Feb
22
2,379
Feb
9%c
Apr
,
Jan I
-92c
v-
•
40•
9,500
13
1.25
-
Mclntyre-Porcupine Mines Ltd.—1..5
New
16c
v
,,.v.73V^;AprA'
1,500
'T:.*'
13
__
1.25
r-
1
,
Goldfields
Macdonald
■
Jan
12c
2,657.:
'5' 'r,i5
___1
Ltd.^-____1
;•» Little Long Lac Gold Mines Ltd
r
61c
^
J.
___1
Labrador Mining & Explor Co Ltd—__1
Lingman Lake
95c~;
-* 2,190:?
'
~ '4c
9%c 10%c
1:—
^
Addison Gold Mines Ltd
Lake Fortune
Jan
67c .IMar
6 %c Jan
500
10%ff> lli
4c
1
...
'•
■
Kerr
12c
73%c73%4*
\ 73%c
i
.1
Jollet-Quebec Mines Ltd.
\\
ft
Brewis
23
_5
Distillers...
Brewers
Class 8
/,'J-M Consolidated Gold Mines Ltd.
Jack
19,200
14,000
26,400 '
,
1.65 -.•*?<
12c
1
Feb
11c
3,500
^
"
God's
r25c
•
British American
73c
Found Lake Gold
53c -Mar
"s
.
Apr
75c
Jan
1.45
Apr
7 VeC Mar
14 %c
Feb
3.45
Feb
2.80 Mar
44.
CANADIAN
V*
.
LISTED
Week's
Range
Last
'
Par
C'ockshutt
!
14%
■
12%
12%
'
I
—
1
38c
42c
22c
'
Yeliowkhife
"elomac
Mines
Commoil
i""—■
Mined
ooniagas
Coniaurum
42c
-
,
;
—*
———
75
24c
1.40
1
Central Cadillac Mines—X
Consolidated
*
'50c
42c
""2,800 -
85%
753
160
158
164
1.25
1.12
1.28
18.660
,.
Jan
Exploration.—-——
Imperial
r-----:-'*
*
158
Croinor Pershing Mines.-—,——1
4.35
}
Hunts Ltd class A
Imperial Bank-
Feb -
I
Imperial Oil
Feb ;
Alrdraft
„
V
175
<
Jan
1.40
Jan
Mar
1.07 Mar
55c
44
Jan
Feb.
Jan
j
14c
Mar
8c
"27600 '
12c
s
Jan
28c
.
Feb
15C
Discovery Yeilowknife ——1
Distillers
Mining
Dome Mines Ltd'
Dominion Bank
Dominion Coal
—
Dominion
Dominion
Dominion
Dominion
Steel
Dominion
Common y
Donalda
t
East
c
18
j
Jan
1.34
Jan
-
14
44
-
j
j
*
29% Jan
16%
29% Feb
33
55 %
;
10
56% Mar
j
33%
Jan
"9%
Feb
29%
29%
10
29
8Vb
'8%
50
8
Mar
; >
Jan
£
Apr
44%
15%
351
13%
Jan
18
280.
25
Apr
27
25%
26
15
25 V8 Mar
26
28
75
25%
115
13%
Jan
——
;
—-—I k
c
:i6c
1"? 33c /
1
1
Townsite
i
1.58
8.850
390
Jan
3.15 Mar
10
.
58,862
!
Mines
A
-
,
57c
1
20%
1
—.v
29c
35c
*
—
Corp
Shore
Nickel
Wasa
20%
2.40
•
——1
4.50
8%c
Jan
35c
A—1—1
8c
3
20
-
Mar
12
Larder
"U"
preferred
Laura
Mines.
Secord
Candy
Lebel Oro Mines
Leitch Gold
Lexindin
Jan
Mines, Ltd
14% Mar
15
Feb
20 " Mar
21
Jan
1.03
52c
Mar.""-
r.36
Mar
;
Feb
Jan
90c
..
20c
97,600
21
240v
Mar
£
38c
2,300
2.20 Mar
4.70
475
4.20
Jan
Feb
5.50
Jan
2.75
Feb
i
Goldfields
7
250
Jan
MacLeod-Cockshutt
100
115
1
i
115
7c
8'%c
6% Mar
111
Mar
5,000
8c
.......
.
5
9%
'
.
'7c
<
Mar
134
£
10
—
lHi.it
-"Ji?
common—
Class
"■
'
"
Mfg & Aircraft
-
4
A
•
Gold
Exploration
MacMillan
Feb
11c
common
v
£
,
Products Mfg class A—
General Steel Wares common
7
12%
■V: ' A
200
22
2.85
,"Mar
3
Madsen
Feb
Mar
7%
10
Jan
13%
3% Mar
19'A
23,800
4,585
"
Feb
11%
963
3.00
*
2
650
22%.
2.95
15c
Jan
Mar
2.80 Mar
".
5
Lake
Gold
Feb
6.95
Marcus
•*
3.25
Jan
135
145
5
110
Lake-Porcupine
1
Goldcrest
Mar
111
Jan
20
50
19
% Mar
20
Apr
17%
370
18 %
Feb
6.70
7.10
9,069
19
Feb
McCabe
111;
Mar
McColl
10,600
13 %c
Apr
5c
7c
7,500
4c
Jan
1.50
1.65
352,275
57c
Jan
18 Vac 19 Vic
4,000
17c
Mar
—,y''
19c
1
Mines
13 %c 14 %c
6c
1.55
*
Gold
Eagle
13 %c
1
:
Gold.-
«oiaale Mm#Gold
Gold
Gold
14c
i8c
He
1
18c
11c
Grain
Mclntyre
McKenzie
Red
Mar
5,200
11,510
49c
1,700
40c
35c
32c
35c
8,400
31c Mar
Goodfish Mining
Goodyear Tire
.
i
1
.
2
common
Preferred ■—--2_—;
6c
*
50
7c
Grafton
Great
&
Great
1st
Co
class
Paper
preferred
A
.
22
*
West
106
53
53%
35
common
Harding
Carp°t
Harker Gold
harricana
Ha saga
Mines
838
12
105
52%
5
44c 49 %c
7,800
15
Mining
Highwood-Sarcee Oil
1
Oil
For footnotes see
page 46
-
7c
Mar
Mar
4c
222*
5.00
8
Jan
8
•
'
14
14'%
100
-
1.00
31,000
♦
—
Mar
95c
.
91c
ll%c-
14c
3c
45c
40c
45c
17,820
16c
18c
16,800
14c
13c
15c
"5,500
1 39
1.25
1.30
25c
20c
1.20
-
-
•14
r
Apr
83c
Mar
Jan
21%
Feb
—
29
29
15
28'A
Jan
32
Feb
11
Jan
*
9%
10
125
26%
26%
124
Jan
2 7'A
Feb
103
103
25
102
Mar
104 ' '
Jan
56
57
1,060
54
Jan
59%
Feb
—
*
*
—
—
-—5
—
9%
23%
Apr
75c
72c
75c
6,600
70c
Mar
1"
48c
42%c
53c
18,400
41c
Mar
*
17c
17c
17c
1,000
-—-1
Gold
i
•
•
7%c
*
19
19
Gas
Grain
&
*
-
15c
100
common
100
2%
9.35
3%
365
17
17
40
8%
*
Works
12,000
8%
9.30
—
100
6c
16
2%
490
1,591
*
101% 101%-
•
17
450
8c
16 %
2%
9.00
—
*
—
19
7c
16 %
—
EOc
52c
1
55%
Montreal
Light Heat & Power
Montreal
Jan
Jan
Locomotive
*
*
——
12c
21
21.
9,000
iiv«
10'%
11%
3 4q
3.25
3.40
12,500
•V"
—
-
C9
21c
23%c
54c
7%
16
101%
50c
5,200
24
19%
19%
11%
Long
National
4,697
-2,538
*
5"
Jan
57c
Jan
78%
16%
Feb
Drug &
Hosiery
Mar
Jan
7% Mar
10c
Jan
Jan
20c
Feb
Mar
19
Jan
11c
Feb
Mar
Feb
16'A Mar
Jan
3%
Jan
Jan
10.50
Jan
9
Feb
Mar
18
Jan
101%
Apr
72c
Feb
"24%
Mar
Mar
Jan
19
5,635
"
19
695
68
609
2,400
22,119
Feb
Mar
22%
Mar
Feb
74'A Mar
17%c Mar
25c
5.50
9%
12%
Bidlamaque
1
Feb
Mar
Newnorth
Jan
Nib
Jan
72c
Apr
Jan
11% Mar
8%
33
33
10
29
25
25%
265
23
2.21
\
2.55
29,725
\
*
Nlplssing
15c
i;
37c
.14
Jan
-
Jan
19 % Mar
13
Jan
Jan
12%
Apr
Feb
33
Feb
Jan
26%
Feb
1.90 Mar
2.55 Mar
Norbenite
Jan
Normetal
—
„
8c
8c
44.300
1,000
•
—
He
—
"
7c
2,050
50c
8'Ac
2,500
.
8
1-73
1.70
1.73
47
48
Jan
1.45
Jan
Jan
65c
Feb
Mar
9%c Jan
Mar
17c
Jan
8c
Jan
13c
Jan
1.65 Mar
750
47%
12 %c
Apr
10c
500
,
Feb
'6c
3.500
13c,
8%c
1.03
37c
1,462
46'A
Feb
2.10
54
Jan
Jan
Feb
Feb
8c
1.05
41c
*
Noranda Mines
35c
7c
1 03
8c
—
—1
Mines
Feb
Feb
1.40
96c
Feb
89c
18c
Malartic
-
Mining
1
1
*
>:
1 *
6c
1.71
38c
5c
1.64
35c
'
.
67Ac
1.75
39c
11c
54c
Mar
7.000
5c
Mar
5.033
4.000
1.55 Mar
30c
Mar
44c
Feb
10,000
75c
73c .58c
1—1
Mines
Mines
Norpick Gold Mines
Mar
10c
Mar
16c
Feb
1,047
10.500
1,000
60c
Mar
78.300
"
„
14c
83c
#Jan
9c
Jan
2.05
Jan
Jan
8c
Jan
16c
Feb
Jan
23%
Feb
9.85 Mar
11%
Jan
3.50
Feb
Jan
—-——1
Mines
1.49
Mar
2.75
100
48c
*
Yeilowknife
21 %c
10c
21
Mines
Gold
Gold___——
Nicholson
Norgold
70c
12'A
20
Jan
17%
20')
12%
2.35
1
Marlon
18c
Apr
12%
Apr
13
340
—
1
Calumet
11%
Jan
14
17%
25%
"
New
Jan
1.00 Mar
"
13 %
17%
>.
—
*
A
class
New
Jan
Jan
Pipe
Car
New
65c
1.04
Steel
Mines
Feb
Apr
10
♦
Sewer
Feb
18
14 %c
class A!
Mills
Mar
Apr
12 %c Mar
pfd
23c
Jan
Feb
>40c
■
Negus
Jan
4%c
Chemical
Class B
National
Norseman Mines
! ■
!
50
1
1
Lac
Mines
12'A
4.75 Mar
63,113
A 1,478
11c 12 %c>
%
94c
62c
Jan
8.25 Mar
50
24%
19%
68
69
21c
21c
23c 26'Ac
24'A
*
*
20c
10 %c 12V2c
—
*
180
79c
Jan
18c;; Apr
18%
National Grocers common
14,800
72c
1.15
'
Mar
9c
487
National
25c
72c
;Feb
47,150
Feb
1.20
76c
14%
18c
Feb
10c
70c
Feb
"'
19'A
12
2,000
76c
Feb
Feb
113
17
9,000
10c;
Jan
2.45
5'Ac
Jan
19
54
3'Ac Apr
420
17 %c
10c
Jan
19
Jan
6c
50
11%
52c
1.90 Mar
Feb
Jan
i
3.95
•
Apr
Jan
14% Mar
300
17
11
2.25
19
Jah
Feb
39C
Apr
36c
9,500
42c
120
8
*
_
6,520
38,425
10
4,400
17
11%
4.20 Mar
4.85
:
Jan
3.20 Mar
2.08
52%
3,200
5.00
•
Hinde & Dauche
Hollinger cuusunuaiea Gold Mines
6c
g
1
--1
17
3V2C
14
17%
63
115
3%c
j
Hichridge
.JV
7p
4c
2.2.1
Mascot
Jan
1.80 Mar
1.90
—
Mylamaque
78%
14%
1
-
Jan
28c
3.10 Jan
3'Ac
Porcupine
Feb
52%
4gc
2.1
2-1
SfVna,Go,1(l-,7—
Highland-Bell
Home
11c
Moneta
Jan
11
'•
—
Mines
39c 43'Ac
39c
Mar
3.20 Mar
23,775
41c
Feb
Mar
20c
110
3.75
3.60
25c
Feb
52%
1
Gold
Hedley
Feb
21%
17
Headway Red Lake—
Heath
43c
34%
1,705
1
Mines
Gold
53'
40
31%
.—22*
timet}
17 Va
—
Oil
Knitting
24
21%
•
£
17
3.40
Jan
Jan
20c
9,660
3.70
common
-
Tool
National
Mines™—-
"
3,500
17%
-
Preferred
20% Mar
21
22222222l
„
Uoiu
Modern
Monarch
Jan
Mosher
30%
1
Gold
Rock
Jan
Jan
74c
11% Mar
76%
1
Hamilton Bridge.™—
Hamilton
Cotton——
dard
3.30
5,600
33%
31%
2.58 Mar
24,800
,
.
2.04
Mines
Brick
100
31 Vi
»
Halcrow Swavze
Hallnor
1.1%
77%
50
—
Gypsum, Lime & Alabastine
Halliwell
11%
»
Guimitr Gold
104
65
♦
■
Faddlery
preferred
11%
*
_
common
%c Jan
50c
2.90
■
3'Ac
Moore Corp common
*
A
Lakes
Class
A_.
4
8,508
Feb
Mar
2.68
'
106
..
.
Gordon Mackay clas3
2.50
114% Mar
•
1
Lake
Pacific
30c
34c
2.95
1
&
Milton
44C
Mar £•
30% Mar
29% Mar
114
:—*
Mining Corp
2.70
Mines
Mills
Mid-Continent
Midland
Jan
Jan
30 %c
Goldvue
Mercury
Feb
22c
Jan
45c
5
19
Jan
1.98 Mar
27c
2.95
160
1
;
Gold
23c
31 Vic
*
31V2
29%
11,950
Lake
Red
McWatters
Apr
j
31
29%
2.8,4
-—
Oil
Porcupine
Apr
1
Mines
Porcupine
2.40 Feb
2.09
—
14c
Golden. Manltou
1.32 Mar
f£
1.86'
A
class
Frontenac
11c
40,300
',,
1.84 Mar
2.05
-
15,710
13c
Golden Arrow Mines
Goldhawk
9c
1.05 Mar
7,770
5,620
LlJLi*
Preferred
7.15 Mar
20c
106,900
14,800
common
Preferred
Feb
Jan
1.32
25c
„
Jan
5.85
Feb
Jan
Jan
114% 114%
__
1
1.40
34c
Apr
2.24
li97
3-60
Mines—
Feb
4 %c
20
Massay-Harris
18
17 % Mar
1.20
Jan
21'A
Jan
1.20 Mar
19c
———1
Martin-McNeely Mines
Feb
McMarmac
'
2,600
3c
17c
Jan
20
13,025
20c
4.20
Milling-Gold
,1
Feb
17%
17%
1
Mines
1.29
19c
21c
Leaf
38c
20
*
Maple
22%
110
17
1.20
3.95
-
-
"
110
109%
280
3-30
Gold—
Eastern
7'Ac Mar
2,300
Mines^——1
Gold
"
...
20
3Vac
23c
Malartlc Gold Fields---
Feb
110
v;.
Jan
6.50 Jan
jj.,
Mar
17%
,
—
Jan
Apr
50c
3-40
Export——^——
Red
Manitoba &
Jan
109%
110
«■
_
20
21c
100
General
£9%
18 %c
100
-
6'A Mar
21c
•
preferred
50
3%
22
•
200
7
12%
*
3
7
9%
*.
3'
"
,
173
Mar
1
'1—
—:
Magnet Consolidated
*
common
1.25
Jan
32c
4.10
6%
_
Feb
9,600
Macassa Mjnes A—.>
—1
MacDonald Mines—1
7
_
Mar
Jan
16
6,500
32c
•
Kirkland—.—
171
5
33c
i
35c
25c
Federal
Lake
vv
15c- Jan
i
Jan
8%c
3Its-
Macfie Red Lake
Preferred
96c
11,175
'
Jan
Mar
13%
Jan
23c
Feb
common
8c
20c
"
13c
32c
Jan
Glenora
Feb
Jan
Jan
25c
19%
Gillies
"
Feb
61c
86c
■
8c
20
__
1
Gold
67
Goi's
6.20
Mar
4 500
•
Yeilowknife
uynx
Feb
Gold
4.80 Mar
8%c
31'A
Gold Mines——____1
Lunward
4
_*
preferred—"-a—100
Jan
Yeilowknife
i
.2j6^Mar r. j
,
Mar
,
Apr
Feb
Feb
1,24
A—•
(Marcus)
bouvicourt
Apr
25%
20% Feb '
■
Class B
Loew's
17%
Giant
-19c
-
Jan
Jan
1.82
Mar
32c
.
46c
34c
*"-f 2.26'
Laq G,old Mines Ltd—
"Loblaw Groceterias class A
52'A
Power
-14-
.
Jan
5.70
__
1
Ling
Little
450
preferred—
Jan
7%c
1.27
1
965
5%
Feb
50c
3%c
__1
Gold
18
5%%
Jan
55c
4.700
8c
1
;
59%
,
Jan
42c'" Jan.'
Mar
8 500
1,230
1.01
1
80
;
2.40
4.50
97c
1
200
:
38c
'
2.30
1.00
Lapasfca Mines
.
17%
Gatineau
Mar
•?
24c
24% Jan
2',000
15'%
t
57%
Froblsher
Mar
13c
3 400
14%
;
17%
class
8%c
23c24%c
15%
Feb
59%
Canada
Mar
15,800
=•
-
173
•
of
,8%c
__
_1
Mining—
1
-
Francoeur
COc
8%c
*
12c
1.33
945
37c
55c
1
Mines
Famous Players
Fanny Farmer Candy Shops
Fleet
4.95
34c
58c
6.50
Jan
3.50
10%
1
Ford
4.90
■
34c
-
173
4.75
3.25
10%
5c
1.99 Mar
40,100
Fittings Ltd
105
6.25
Feb
13,220
58C
—
25%
r
•95c
■
'
2,000
173
Feb
8,500
2.25
1.24
Products
15c
4.90
•
1
——1
' Feb
12%
15c
25
9c
30c
15c
25%
Mar
32c
-
75*182'
,
Feb
Feb
6 550
34c
1.82
-
Jan
4%c
4,445
30c
1.50
6.50
2.45
7c
2.08
55c
Preferred
8,000
'
15c
55c
30c
"
16 100
14
Northern
North
Canada
Inca
Northland
f-North
——
Mines
Mines
Rouyn
—,
1
Gold
(1940)—
Star Oil common
Norzone
1
Mines
13c
.
•
>
:
69c
30c
7c
73c.32c -
——1
'
*
5
1
43c
-
v
-
73c
32c
7c
-
5
5'A
80
39c
45c
80,200
-
Jan"
55c. Mar
-
5,500
>
-
16% 'Feb'
'"
-
-
13,100
-
35c
40c
*
10c
6%c
10 %
■
1.58
-
,
■'
-
12%
30c
—•
Rowan
Lako
i
Fibre
7c
2,000
-
17c
-
V
Apr
1.75
-
—-—.—1
1
-
'"*14
1
Lake
Jan
1.16
Federal
35e
40c
-
Jan
90c
Mar
"
Jan
37%
Jan
3c
Jan
.■
£104%
Jan
3.45
:
•
20
-
Mines
Grain
15c
32c
1 "
i—*
8c
39c
Feb
" 31
Jan
85 980
•
65c""
60c
>
—i——1
48c
l 000
•
7c
100
87C
Minest f. 16
Falconbridge
64c /
-
Mar
;
Feb
38%
Mar
.
Mar "
85c
33% Mar ■;
" "14 "Jan"
1,500
-
45c
7c
•
T
J"
10
11 " Feb
v
Feb
26
172,958 "
'
k
103"
5
»
Jan"
'24c
Mar
37
£"4,808
10c
39c-
>
'
9% Mar
25
-
Feb
15 % Mar
9% Mar '
70c
2 815
81c
10c
40c
Mar
"
50
20
1
Jan /
•
15
'
V3%c-3%c
-
Lingman Lake Gold Mines
class
53c
12c
500
,
Lamaque Gold
Lapa Cadillac Gold
24c
14%"
Electric
'
-
30
.
Jan
13% jan" "
235
-
38
Kake of Woods Milling
26'Ac Mar
20%
Gold
>
'
10
Feb
15 %c Mar*
14%
El Sol
Mat
12%
41,000
1
70c
38
10c
£
.—1
—
Lake
Lake
Apr
15
1.10 Mar,"
7,500
,7c
1
28
14,500
39c
20»/4
English
11
667
10
•
70c
60c
•
Lake Fortune Gold
"
Jan
32,900
35 %c
2.15
—•
.
1.18
36c
1
1.00 Mar
44,635
17C 18 %c
17c
•
-
1.20
1.12
1.12
.1
1
45
Jan
14
1.12
1,15
——1
—
Feb
14
—1
—
42%
27%
.
*
—
10
20'A
Eureka
Feb
45% Feb
,13c
Jan
12% Jan
Apr
pfd—23.50
Mines—.
Gold
9%
__
A i
Ubatt (John)
Labrador Mining & Exploration
Laguerre Gold Mines
Jan
Easy Washing Machines
—
Eddy Paper class A—
Elder
47c
Jan
26% Mar
4 270
-
16c
10
—,1*
—
——
Mines
Kirkland Golden Gate
Feb
25
14e,-
-
?
"
1,
Lake Dufault Mines Ltd
25
16c
10
ckerr-Addison Gold
Kirkland
,{
Apr
•
1
25
Kirkland
y
Feb
14%
Steel
Eldona
-
Feb '
64c
Mar
7c
180
15'/a-15'A
->-6
pfd
Kayrand Mining
"
•
MCf
Powder
Kelwren Gold
Kenville Gold-^-'———
$
Jan
Feb
22
15 V8
—
Joliet jQuebec Mines-
;
:{}./'
19% Jan..,
.
25% Mar
340;
55%
'
'
Apr
;
v
Mines™_<„,———————_1
Jason Mines
"
470
33
55%
—
Jan
1.00
1,730
v
15
-
18
15,800
13%
International Uranium Mining
1;; Jellicoe Mines
98C : Feb
44%
Mines
Sullivan
14%
£.
1.70
Mar ' "
14%
——
Oil
Crest
25%
f9, 31
Mtues,.
East Malarnc
Eastern
21%
4-———-—v
Amphi Mines
East
20
14%
1.25 Mar
17 >("" 480
25%
Woollens
Gold
51,400
£."„£
B—
ci
Duquesne Mining Co——.
uuvsy
78c
——•
Mines
69c
l!43
69c
25%'
40
25
27
13% -13%
—
Jacola
Feb
25
Coal
Dominion Tar & Chemical
Dominion
85C
preferred—-50
Inv
Stores
&
Jan
1.13
preferred.--—
Dominion-Scottish
55c
1.00
25
Dairies preferred—
35
Fabrics-1st preferred——50
Foundry & Steel——
1
Magnesium——;
*
Dominion
G5c
16%
Mar
International
";
i
Feb"
1.30
Co__
Bronze
i "Jacknife Gold
:
Feb
26c
10
—
—
2.45
Jan
1.08
' 21'
;
Mar
31
9c
16%
—
Jan
60,350
1
common-i.-.--....*
Seagrams
Diversified
.
1/63
"1,800 :
20c
37,100
12,250
76c
*
Mar*
29
'145
'
'
60C!'
35c
1*535
6*600
'
Feb
"
4 800
^
12
14c ' Jan '
;*V"7c
Jain
Feb
26%
__
"
-2% Mar
Jan
2,000
18 %c
12-
"3c
46c
8c
-
..High
.
Mar "
'
16J00
37c
A
Low.
96
221*700
42%
7c
Range Since January 1
*
13500
Metals class A
* V 28%
28%
28%
Preferred
-—1j
100 •
103 * 103
International Nioket CO comraon——" 35%<34%- 35%
International Petroleum
;
•" 14% 14%-14%
l
Feb
"
Dfelmte-.)
.2.15
Uenison
Nickei Mineo—i
—i,
1
18 %c
Detta Red Lake ————
1
C2c
Dickenson Red Lake j————
1
1.38
35c
f
Mar
1.43
•
16c
29%" 30%
> 2.15
2.25
class A^—i.—30%
Davis Leather
•
v
50c
41%
•
—————
Machine
Internat'l
Jan
-1.50
-
Mar
95c
8,400
10.C
12c
.
54c
>
c
37c
10
Inglis & Co——^
—^—
Inspiration Mining Sc Devel
Jan
38c
1.00
f
15c
16c •
•
-
30%
41
215
'
Davles Petro.eums
Jan
Jan
28c
29.500
2: '2%
2%,
1
D'Argan Mines
Ingersoll
1.58 Feb
Jail
29c
510
•&
43
7c
41%
* I
:
—-
4c-
;
•
8c
Imperial Tobacco of Canada ordinary_S
Ipdlaiir LftJCft
—u1
27%
4,350
1.15
1.10
41,
1
.j———*
Crowsh6re; Patrloia Gold
41c
35c
Coal--,^-—-^----.-100
£Crow's Nest
Cub
V 30c
950
1.40
1
Mines—-—-—
Crestaurum
"
r
•;
Mar
Apr
92c
50
30c
40c
1.15
Mining ——1
Cournor
28
35c
--
i
High'
nc
52c
■■
1
]
Low
Shares
9%e-
6c,
■
•
Mines
Bay Mining & Smelting
Malartlc
Feb*
,
28
*
——i_i— I
"•
-
,
Sales'"
for Week
Feb
1,00
£i
Conwest
Cosmos
>
Hudson
Howey Gold
Jan;«
Week's
Range.'
' of Prices
9%c
Hugh
Feb
Feb
21
83% Mar
"145
85
100
—.
Hosco Gold Mines
—^.1
*
61c
Jan
48c
Feb
-
,,!
,
89%
Jan
65c
84%
5
& Smelting.
Mining
Gas
Consumers
17%
19,627
49c
1
1
1.56
1.27 Mar
"".""25
92c
•
Par
'
i
1.99
"
20
85c
90c
I
.
Feb
42c
Jan
1,900
1
35c
Apr
1.80
;
Sale Price
,
•
•
Consolidated
33 %c
19%
-Consolidated Beattie
Thursday £
Last
Hompr Yeilowknife.
Homestead Oil
IS
Mar
500
200
.
^:y
STOCKS—
1
'IS % Feb
Apr.
10c
7,600
1.90
1-40
Bakeries
Consolidated
38c
3,000
33 %c
1.80
1.27
--S
—-—
Mines
20c
33 %C
—
''■&:'&
51c
14% Apr
12% Mar
75
£
,
^
High
Low
High
14%
12%
Plow
OUIU
Low
►
14%
Cochrane Dunlop class Av-
5,1
4
,•
Range Since January 1
Shares
of Prices
Sale Price
STOCKS—
Sales
for Week
Monday,.April 7, 1947;.
MARKETS
;
RANGE FOR WEEK ENDING APRIL
'
Thursday
>1
■■
CHRONICLE^|^|j|g'|||j|g;|y;g-
THE COMMERCIAL & FINANCIAL
(1900)
24c
.
Jan
5%c Mar
5
Mar
39c
Apr
78c
Feb
34c
Jan
10c
Jan
6'A
76c.
Jan
Feb
-
CANADIAN
V
-
Low
2.38
15,300
1.72
1.72
1.73
25,700
Ogaina-Rocklflnd
'
O'Leary Malartic
Omega Gold
Mines
54c
17c
9c
16c
17C
; 65c
Vic Mar
21c
8c
9c
Jan
%c Mar
19c
Mar
7,100
Paving
Orange
EKploiatloa
Orlac
Osisko
Lake
Osulake
-
Jan :
.
360
18
Mar
>17c
1,500
13c
Mar
18 %c
1
60c
52c
C4c
20,900
52c
Apr
70c
Feb
———1
.1.32
1.25
1.35
61c
57c
61c
«*
;
-
>
-
r
<
47,100
2.26
1.04 Mar
.
52c
:
9,000
.
Feb
23
r\f.
J- 4;
Jan
^
,
Canada
•
Pacalta Oils
Hershey
90C- "95c
30
7,700
-30
30%
'230
.1.55
1.69
20,145
12c
12c
12c
1,000
15c
18c
8c
9c
.
I
—1
——
84c
'
.
Malartic.:—,
Faymafeter
Cons Mines
'Pennfiah's
VV;
,
c
i
Ltd" common—:
ooid
Piuuewr
Mines
C8
'
B
01
.1
C
;■:?!.
5
12c
Preston
Purdy
—
7,748
32c
•
.
36c
■.
.
,Jan
Thompson-Lund
71%
Jan
1,700
Jan
-i
-
Feb
1.31
17c
"
Feb
-
v
i
'
Feb
Feb
i
common
1.30
;
Mar
38c
Jan
Mar
42c
Mar
.
Feb
38
33% Jan
1.19
!
84c
,
90c
12%
12c
14
1.67
Jan
Mar
_1
.
10c
14
13
^-100
Jan
Mines
Jan
1.92
-
Jan
Richmac
2.30
90c
•
"28
Jan
14
Feb
Jan
6,977
80c
Mar
1.14
16% Mar
21%
'
2.75
100
8%
,
v
i
2.20
"
Jan
'
•
class
Class B
Apr
10
*
II,000
7c
Jan
15c
Class::'-'B
-
42c
9,600
32c
Apr
12c
12%
12%
3.70 '
15
12
Miftes——————1
3.65
3:25
47c
42c
47fc'
8,800
5^c-
51c,
54c
CtOOO
_•
*
1
I.20
1.20
%'
; ,26C
V /26c
common
35%
200
21%
150
41
41
■1
41
13%
50
:,i5-
225
9
*
...
Roche Long Lac
Rouyn
Oils
1
Ufa
38
19%
Jan
22% Mar
40
Jan
class
Villbona
—
>■
v-
30
:*Class.'
Band
.
23%
165
16%
40
42c
-47c
11,700
12%
12%
795
1
A„_-
iv
River
Gold
Sarnia Bridge
Scythes
#■
*
2.40
&
/4.
Co
14,
common
.•
b['
.
9%c"
48c
c
1
1
Winnipeg
Brewery
class A
Sheep Creek Gold
Breweries
T.
Gold
'?
1.03
Class
23% Mar
25
Jan
14%
20
-
34c
12
71c
Mar
13
Jan
Western
Dairies
'
29
*
30
1
12c
1
common
A:
:
15c
Jan
39%
150
36%
Jan
44%
3.85 Mar
4.50
Jan
10c
•
Mines
3,301
9c
5,300
,
7c
15
<
20c
25c
14,500
19c
Jan
12
12
25
11
Feb
14%
,•
>yy.
.4
■
25
14
325
34c
34c
2,700
11%
11%
50
1.25
1.35
1,400
70,500
14 %
Apr
Apr
61,212
64c
Jan
23%
Jan
25%
Jan
31c
Jan
43c
Jan
11% Mar
13%
1.65
Jan
Mar
Uchi
:
.
2.06
5.35
Jan
Feb
4.30
13
13%
95
12% Mar
14%
Feb
13
875
12% Mar
13%
8.75
10'/4
Feb
'
6%
■
■■
: r*-
■
23c
Mar..'
Jan
Jan
'27
»4ar
Mar
?5.
36
Jan
36%
39% Mar
Fen
Jan /
28
Jan ;
15,500
31
11c
Mar
18c
Jan
13%c
Apr
29c
Jan
9.000
■;
A
>.
%
13
2,500
..
'
100
'99% Maic^
98% Jan
"
'3,000 "
22
3.30
lie
27c
19c
17
/
137,900
15%
Mar
17c
:> $7,003
Feb
25%
.
21% Mar
0 no Mar
10
Jan
3.40 Jan
20c
Jan
28c
Mar
roc
Jan
19c
Mar
12
Feb
41
v»
"
———100
17
Jan
Exchange-Curb Section
.Canadian Funds 7
53c
Feb
'f: Week's
"
,
f
-
-
*'c
of Prices
V-T'.' Sale Price
Low
Par
.
.
•'.•Sales
for Week
Last
STOCKS—
;•
1,1
'-Shares
Range Since January 1
Low
High
•
Asbestos
Brit
"
•'
Corp
Col
Brown
Pulp &
Co
Paper
pfd
.
28
28j/2
..-Too
162
Sugar
*
...
*
Vinegars
.
18%
„
Dominion
105
■V
18%
luO
14
10
..
f
Jan
§'. High.. ,
}
31 > Feb
Mar
5%
Feb
88%
Feb
18%
16
:
/
Jan
Jan
13%
Feb
15%
21
-
Feb
169%
4% Mar77% Jan
20%
100
22
14
/
21
160
5
975
79
21%
Bulolo Gold
&
162
4%
78
78
'■*?.
85
28%
4%
4 %...
common
Preferred
Canada
Jan
Canadian
Canadian
Industries
•
common-
9.75
1,055
30c
32c
8.500
11%
11%
1,208
11%
Jan
12%
Jan
Canadian
8%
8%
935
6%
Jan
87/«
Feb
Consolidated Paper
11%
29 %c Mar
common
_
Mar
28%
100
27% Mar
32
Jan
23
Mar
29
Jan
Dominion
106
70
104%
Jan
106% Mar
31,933
14,000
Jan
25%
:
,
Feb
23% Mar
Jan
97c
Jan
60c
65c
14,582
,60c
Mar
9%
9%
350
•
—100,
fi*c
9%
—
15
200
17%
18%
1,66J
♦
18
105
105
5
2%
?6
35%
Jan
34
«...
Oilcloth
&
Linoleum.
t*
Footnills Oil <fc Gas
34
25
32%
Feb
37 /
Jan
Feb
2.75
Feb
Jan
55%
Jan
£ 0
Apr
90
Apr
17
Jan
21
Feb
100
2.6b
700
50
50%
Feb
19% Feb
40
38
39
2.40
•
Jan
3%
Mar
17% Mar
39
•
Apr
152
130% Mar
3
Feb
Jan
3
Feb
v
8% Mar
103
Mar
Lake St
John
18%
17% Apr
180
8,100
1.15
1.15
Feb
847
145
3»/8
>'
51%
1,545
48
1.90
Mar
Jan
,
(
Feb
If
17%';
♦
68c
54c
48c
1.20
.*
*
Jan
40'Ac Mar
35%
3
Dominion Bridge
225
105%
34
145
2
Mar
24%
ICO
fro
35%
—
Lumber
Western
24
5
185
2%
100
27%
100
24
2%
♦
Vickers
Preferred
100
100
28
23%
24
•
Marconi
9.50
*
Feb
Minnesota
1.25
Jan
Oil
78c
97/a
105
P
&
& Ontario Paper
Jan
Stop
•
—
■://
Apr
Shop.
Temlskaming Mining
:• f
795
8C
3.00
700
2.75 Mnr
1.10
__
.
-a
18%
3.00
&
90
18
/;■: 18%
*
90
6C
■
Pend Oreille
Feb
*
P
Selections
r
17% Mar v
Jan
'
"
15c
Thursday
30c
50c
-
Toronto Stock
9.75
63c
—
Mar
Feb
44c
Preferred
Jan
50c
"v.
Mines
Gold
Canada
4.05
60c
—
Jan
26
'
24c
17c
Jan
1.20 Mar
40c
12%
49c
(1944)
';
1.3T0
3,700
25c
*
Bonds—^
'
47c
1.30
'"'v
12% Mar
67c
Mines
3.05
3.20
Mar
27c
1
Springer Sturgeon
50
685
15c
2^'
1
Girl—
Mar
4.25
1
Stadacona
265
130
30"
17%
99% ' 997/a
11C 12%C'
v—-iU..5 V c.
Jan
4.10
8%c
Siscoe Gold Mines
Standard Chemical common
'■
38%
16%"
l67/«
'2"2
Jan
Sladen Malartic Mines
—
16c
23%
Jan
4.95
Jan
"
Jan
18c
>
Apt
22c
5,000
'
35%;
lie 12%c
13 %c
99%
Feb
25%
100
Co
.
100
—
International Paper common-
Southam
22%
Jan
Feb
22c
; *■
—
.
Apr
9%
4.30
*
Preferred
4.40 Jan
165;900
38
2.65
12
,
Jan
9%c Mar
5,605
%C
35%
,
:
I.coj
2X13 *
24%
38%
Larder..
,*106.y„ ;F£b
104%
40c
•
Class B
Feb.
Feb
Feb
35
24%
pfd—..100
Simpson's Ltd class A
Feb
10 ;
4 Feb
140
33 %c
47c
•
Silverwood
.Feb
Feb
Jan
13%
*
B
>
40%
>■6%
2.25 Mar
IRc
45C 48
22%
v
35%
1
Silverwood Dairies class A
;
21C
1
Mines
21
:
bva Mar
9.10 Jan
27%
————'
Yankee
Canadian
Silver Miller
10% Feb.
Feb v
4,000
v
27
Preferred
Jan
1
C.
Sigma Mines
Feb
l,lp Feb;
17 % Mar
5,333.
■
ioc :
20c
! Winnipeg Electric cdmmoni.2.2.——2*
Ymir
*
Mines
common
30c " Feb
34
> 46%. Jah
/
5% Jan;
C3B
,
4.60 A
27%
\> '•
Yeilorex
13
Sherrltt-Gordon
V.
—
•
50c
4l50
*
(George)
Feb
14%
25
Ltd
12% Feb
IT6V4 Feb !
ptar^.
9%
%
V
.
"'VV 70
10
' ; : 23
Wiltsey-Coghlan Mines
Feb
14
22c
u
Jan
Jan
Apr
77c
20
17C
preferred ——100
Grocers
Feb
58c
••:■./•.♦> ..f**-
Water & Paper
Shawkey Mines (194-5)—
Shea's
*
c,
■
Shawinigan
*•»'
_
30
*.".610 H:
,
2.50
9.95
^.60
.1
.'^Wool .Combing
39%
39%
If
' 4.25
ti :'/•
9c
.—
"23
J If,300
6%;
9
2.
•
•
Class: A.
•■"WinorflrGold
13%
104% 104%
50
»
Jan,
Mar ■'
.lTc
"
18%
V 16c
____1
Mines, Ltd:
Western
Weston
Apr
.
•
■.
.100
——*
—tvf-r"
—
Senator Rouyn
Sicks'
45c
12%
—
Mines
Sannorm
Jan
16%
San Antonio Gold Mines Ltd——
a
49c
23%
23%
-
.
uy2 Mar;.:,.
111
*
49% .
"6%V.
6%
_1
—...
Products
Jan
12c
Jan
9,000
*
Jan.
30c
12
"
61
t»UU,
90C \
9%
18%
West Malartic Mines.—2lc
Feb
12'/sc
Mar
76c
preferred—.
1.40
Jan>
11%. Jan
25
;
"*•'V"'- mJ'
:.
',30
•
85c ';
22c
w
Consolidated
9
Apr
9c
35c
68c
10
Power
8c
2,000
24,760
70c
•
Apr
Jan
Feb
-
iit
^
; ; 88%c
Walker-G & W
14
6%M3tr
9c
43 %c
St Lawrence Corp common..
Jan
-
"
Industries common..!
Saguenay
3.70 Apr
*4,
"Sue
05c
.
1.10 Mar
1,000
II.%' 11%
A_—:
Gold
43%
•
.12%,Feb
45C
1
——
Rush Lake Gold Mines
Russell
1,000
8%C
———*
Gold Mines
Co
43c,
.330
preferred—^——2—^*223'
-'
Feb
Feb
33
9c
41c
Royal Bank
Royaiife Oil
.
8c
...
1
„
Merger
Roxana
V
Gold
Feb,
AlVaCMaf'
1,500
11%
12% Mar
'Apr
4
lr
6% Jan
Jan...
325
10,882
4
''
"
^
Wright Hargreaves Mines
Roehette
:2
4
_■>
—
Westeel
Feb
13%:
Mills—1
Little
Robinson,
Jan
Mar
Steel—2—.—22—9
Wekusko
Feb
so
35
__
*
Mfg common—1—
Cotton
Robinson
Feb
28
.
Feb
6
10
*1
Feb
13c
21
*
A
—
Robertson
1.00
26
05
'
Silk
Jan
"
Waite-Amulet
3.75 Mar
8%
10 %C
13c
1
Gold (1936)
Riverside
Jan^
35
2.49
-
Feb
80c
^
32c
73c
n
„31c Mar
* *'2.75 Jan
'
2.75
4.8%
0
A
■
Winchester
f
2.25
28
1
!
Jan
Jah
82c
Jan/,
1.70 Mar
1.25 Mar
55c
Jah
2.85
1,300
,
;
Vicour Mines
Jan
900
Mar
10c
23c
6%
v•.
'
Jan
6,584
19,100
25c
.
"
36,500;
13,325
!
Jan
1.20
95C
V
Feb
28
Upper Canada Mines
18%
65c
Feb
Jan
2.15 Mar
6%
:/;Ventunes/:'Ltd.i.ii.-—2*-
Jan
55
A
Mar
1.70
2.65
114%
6 Vic Mar
*
Mark Gdld Mines
Finance
United
14% Mar
20c
>
Mar
••} 80c
1.60
22 %c Mar
.
/ Jan
2^
.
6,'450'
2.45
2—i-JT
.
15,670
62c
.
1
:
Textiles
Gold
Reno
2.40
9%
-
17
64c
110
37006
31c
47 V*
'
V-'.'-a
Renfrew
30c
Transcontinental Resources
"1
13% Mar
90c
1.70
Gold
% Renabie
30c
''•■Uhion!Ga8;Co^j—ii...9,%'
Feb
1.40
■
'
54% Mar
550
Mar
loc
2.01 Mar
1.800
8c
2.40
/ Gnited: Corp 'class -BLi-i—-2..-^——:";T8%
United; Fuel class A! preferred.—2aU50
'' / .2;
Feb
1.60
'
12% Feb
4,000
54%
9%
,1.50 Mar
100
v
13c
'■■■■'•'
89% Jan
8,435
*; _/5^:
25c
•
2.22
'
■
97c
87c
96c
90c
18 %
>—1
-
215
4,300
14
'
54%
54%
.—1
1
—•
26,400
,
1,70
1.55
•
83
Mar
"
7c
2.40
Elevators—
Traders
•
Jan
Jan
Mar
;
Jan
71c
71c
2,900
80c
83c
I,300
1.08
1.61
40
—-
Macdonald
Reeves
24c
'
Toronto Iron Works class A—
—♦
v ^
Toront9' Mortgage -^-^i-2!.—i:ii--—50 ?; ;
!
-.Tpwafemad': Kxplotktihh'^U-i-iit2ill:/V'
•
.■
17%
77
10
Toburh Gold
Toronto
^
t;/;..:
1.15
i
4
)
3.30
36c
1,070
Feb
.
' "-T
Tombill" Gold'
•
i
4;25
'•
-
25c
;
Feb
1.06 Jan
r
'•
...—1
i,
Thurbois Mines
29o
y
JUn'
3.45. Jan
16%
19/700 "
2.20
.
50c
—
Teck-Hughes Gdld
Theatre Properties
>
,
>2.80 Mar A
~
13,800
37c
37
37C
36%
1
—10
Manitou Mines
Qaeenston Gold Mines
Quemont Mining
^
1,200
14
Preferred
Regcourt
2.10
"
Feb
'hi
coo
82
17%c 22%c
Gold
56c
MVXv'
3.10
4.00.
12%
—1
Quebec
'•
River
Preferred
5.%c Jah
■
fMar n "
10c
<■
2.80
1
—
Mines..—
Purity Flour Mills
:
Jan
o
3.85
Mines..
Mica
•.
10,000
113% 113%
83c
Sylvanlte Gold Jdhies
1 Feb
.
East Dome.
Proprietary
••
Mar
11c
1,00 Mar
500
v.
>J
.............—l c,,
...
MetalS
Pressed
■
23%c
66
40
:4.00 ^
,3.05
.
-1 '{
1.23
—1
f 1.19
common..
Voting trust certificates..—
'Premier Gold
■' '"
Tambiyn (G) common
Taylor, Pearson common—...—
51,900' .'•"'••15C Mat
18c
<
li
> Powell Rouyn
21'c
'
8
23
"
Feb
Mar
High
Apr
Apr
19
"
Taku
-
12c
.
—
5 ;
265
115
Jan
20c
8c
78
6%
83%
2.15
l
Jan
Mar
3c %lah
47c'f"Mar
"500
v
19,243
4,950
>/";""— '«>
:>>' 12c
Porcupine Peninsula
—:
32c
Porcupine Reef. Gold
1 K
POWCll Hilary,v.37-v
-
68
16c
L.—1
Cro*X3oldMinesik^-^i-i-l? ^
Pickle'
:
...—''*>>—
Piccadilly Porcupine ——:—1
%
■
53c
77
113%'.
'.
1
1.70
f
14c
.
"!
10
83%
;
Surf Inlet Consol Gold....
Feb
17
77,/i
1
V
95c
17
100
;[.*■ ''■!
,
19%
90c
25
—
6%,
.
Pen*Rey Gold MlfaCii Perron-Gold Mines—
i
4%C .4%C
1.20
Low
60
19
* 91c
•
common
33 %
r
10c
2,500
3,500
■
•47c
I,*--v.->
I
52c
.
Apr
1.40 Jan
•
Partanen
'•
Jan v
Jan
6c
1,500
,
1.69
Mine*
Parted Malartic
6c
_—*
*
,
Ltd
Pandora Cadillac
Pa^amaoue
V
1
Tubes__
Pamour Porcupine Mines
:
6c
—
.1.
Pacific Petfoleums
Page
; v -
Feb
9c
■
' \:
'
»
...
Sullivan Cons Mines
,
Range Since January 1
High
6%
6'%
Sturgeon River Gold—.1—.1
Sudbury Contact Mines—..—.
1
Feb
75c
Mar
';
Low
V
■;V-v;.'
l
Steeloy Mining Corp
Steep Rock Iron Mines
Sterling Trusts.
Feb
1
Mines
Mines
> 9c
15,800
19
14c
I
Lake Mines
Red
15C
-18%
17c
18%
*
—
Mines.
Gold
12C
13c
Crush
urenaaa
Shares
....^
Preferred
Omnltrana
for Week
of Prices
....—1•
Steel Co of
1
Sales
Range
Sale Price
Starratt Olson Co.—
Stedman Bros
r
Week's
Last
STOCKS—
Preferred
Jan
15c
";
Feb
15
2,800"
'
*
Standard
1.73 Mar
Jan
3,500
t';'' Thursday
•
!/Par
Feb
2.67
7
50c
'
Jan
40c
—
*
1
-—
'V
■;
High
Jan
1.30
•
Oils
■>
1.85
;
A5t
4
.
Range Since January 1
High
2.15
*2.35
1
*
Okalta
Shares
Low
Par
Mines
A/"■'//'
for Week
of Prices
(1901).
MARKETS
APRIL
'
Range
Last
Gold
LISTED
RANGE FOR WEEK ENDING
Sales
Week's
Thursday
Sale Price
STOCKS—
O'Brien
FINANCIAL CHRONICLE
THE COMMERCIAL &
165 V Number 4583
Volume
1.40
510
1.10
9c 10 %c
8,500
4%c Mar
9c
Apr
Mar
8c
Apr
Jan
3.40
Jan
1.75
12c
<
Jan
46
THE COMMERCIAL & FINANCIAL CHRONICLE
(1902)
Monday, April 7, 1947
OVER-THE-COUNTER MARKETS
Quotations for Thursday, April
3
4;
Investing Companies
Bid
6.25
6.86
-_1%
.4.47
4.90
Aeronautical Securities—
Affiliated Fund Inc
Holding Corp:
10
American Business Shares——1
Beneficial
Blair
1
Co
&
of' America
Tr
mv
tiuiiu
Fund
Boston
8
Inc
Inc
Broad 8treet Invest Co
18.74
Series
K-A
21.67
23.78
Series 8-1
Series
26.02
8-2
14.18-
Series
8-3
11.69
4.67
5.30
Loomis
4%
Loomis
104.03
Fund
Sayles Mutual Fund
•
Sayles Second Fund—10
Manhattan Bond Fund
22.08
Common
r
18.68
4.35
15.78
Trustee Shs "D —.—2.50
Balanced
—2Be
1.47
1.61
Shares
Inc
1
7.04
Stock
57
43
—25
74
77
■■"
American
Alliance
Automobile
10
7.61
American
32
American
10%
12%
8.82
American
16%
18%
4
4.35
Casualty
B
Equitable———.J
American Fidelity A Casualty.!
f 3.59
--
4.01
American of Newark
10%
5.50
6.10
American
Re-Insurance
10
16.2b
American
Reserve
10
American
Surety...
Inc—
20%
Agriculture
6.97
9.31
10,20
Baltimore American
2%
42.18
45.35
Bank
9.82
10.76
28
74
General Investors Trust—
5.60
6.00
8,94
9.80
Bankers A Shippers
Boston
10
65
69
22%
24 V*
7.19
7.80
6.13
7.35
10.85
5.56
shares—
7.61
8.25
ons
8.06
8.74
Public Utility
shares
,
6.35
6.96
5.43
5.95
Fire Assn of Phil a
_
7.79
8.54
8.06
8.83
Fireman's Fd of San Fran
Firemen's of Newark^
11.01
12.07
Railroad
Steel't—„Mr
—
7.02
7.62
Tobacco
——.
8.69
5.72
Petroleum
6.59
7.15
Putnam
2.65
2.89
Republic Invest Pund
shares
—
4.55
4.85
Steel shares
5;os
Railroad equipment
4.95
4.46
Equipment shares
stock shares
&
Trading.
(Geo)
ntllltv
5.59
1
3.37
101.88
103.94
6.07
Selected Amer Shares
2%
11.32
6.39
10c
,'.'24.35
Union
Bond
Series
Institutional
Aviation
Securities
Group shares
10.97
.79
.88
Bank Group shares
Insurance Group shares
.96
Stock and Bond Group shares.
Management Fund Inc.l
13.50
Co
if
Hartford
10
89
;
106
27%
'
25%
99%
-j
10
U S
27%
(NY)
(Texas)—
'*• '
/
'
n
'
Series
I
t,i
,
nunnmw*.
B-3__
28.34
B-4
North
-12%
10.22
Par
7.50*]
6.55
•
Amer
2.50
1
Trust
3.34
2.82
Bank of the Manhattan Co
Bank of New York
Series 1956
1
10
25%
22%
Par
27%
100
340
100
175
100
275
36 %
39%
41%
Manufacturers
20
39'A
41%
Morgan (J P) & Co Inc
National City Bank.
Trust—10
16%
17%
New York Trust
64
86.
Chemical Bank & Trust
Commercial National Bank A
Trust Co
Continental
Bank
&
10
Corn
Exchange Bank & Trust_20
Empire Trust
5Q
Federation Bank
& Trust
97%
122
100%
92S
Philadelphia El
Coke
&
101%
Public Serv
103
103%
1976
Sioux City Gas & El 2%s
102%
103%
Tenn
.1972
iooy8
101%
Utah Pow 6s.Lt
.1970
100 l,70n
49
52
20
Co
50%
105'
100
102 %
104%
102%
104%
104%
105%
1037/a
102%
103
.1976
102%
103:
Union
Pennsylvania Electric 2%s_ .1970
102 Va
102%
2%s_ .1977
102 i
Par
Willys Overland 4%%
Gas
103%
101%
107%
106%
Oil
(Call
$3.75
99%
103%
102%
103%
95%
96%
106
107%
103
104
102
•
;
109
98%
102%
Pennsylvania Electric 3.70%.100
Public Serv
(Ind) 3.50%
100
Ruppert (Jacob) 4%%
100
Scranton Spg Brook 4.10%__100
103%
&
102%
W2/\.
102%
Power 4.40%..100
N Y State El & Gas
3%%__100
Ohio Public Service 3.90%
100
106%
El
101%
107*
1975
Power
State
103%
101%
1975
Monongahela
99
105
103
103
Gas & Transm 2%s_1966
A Light 2%s_1975
Preferred Stocks—
105%
102
102%
102%
1975
2%s_1976
100%
1976
Ask
102%
103
•
56%
*
57%
52%
;
39
90
56
93
Public Nat'l Bank A
Trust.17%
40
42
91
Sterling National
25
70
74
Title Guarantee & Trust
United Stages Trust
12
12%
13%
41
100
i
250
41
645
United States
:
Bates quoted
are
Treasury Rills
for discount at purchase
675
1,525
Bid
Treasury bills-
Ask
100.11
100.15
99.16
1950-1948
38'A
Bid
1,750
25
Trust
104%
.1961
Brook
2%8—— .1975
Y
Ohio Public Service 2%s
16%
(Okla) 2%s
8cranton-Spg
.1970
1976
Monongahela Power 3s
284
15%
10
_
25
1,
53
79
101%
Texas Power
Bid
Ask
b0.375
0.28%
May
29,
b0.375
0.33%
June
5.
b0.375
0.33%
June
12,
b0.375
0.33%
June
May 1, 1947
May 8, 1947
May 15, 1947
Obligations Of Government Agencies
1,
/
35.%
3y«s_l976
101 Va.
\
17, 1947
Apr. 24, 1947.'
May
45%
50
,73
Pow 2%s__1975
Apr.
1%S Oct
f
9.00
Apr. 10. 1947
1%S
575-
43%
4
.1982
N
244
38
Federal Land Bank Bonds—
.31%
560
-10
.1982
Montana
25
22
100 1,465
114,%
29%
.
2%s debentures
Consolidated Edison.—
,
100
10
Bank
185
12%
10
Fiduciary Trust
First National
117
Ask
200
x34 %
100
Central Hanover Bank & Trust 20
Chase National Bank
—15
Bid
;
100
Guaranty Trust
Irving Trust
Kings County Trust
Lawyers Trust
Brooklyn Trust
110.
Fidelity A Guaranty C0..2
Portland Gas
Kansas City P & L 2%s
Grace National
42
25
Ask
91
.I960
American Tel & Tel—-
Kans Olkla A Gulf Ry 3%s. 1980
Laclede Gas Lt 3%s
1965
Fulton Trust
355
40
30%
.100
Firestone Tire ft Rub 2%s_.
Gatlneau Power
2%S
Illinois Power Co 2yes
2.90
U S El Lt A Pwr Shares A
Ask
10
Bankers Trust
53%
28%
,.10
2%s series A________
El Paso Electric
shares—
City Banks & Trust Cos.
Bid
74-
51%
Westchester Fire.
Bid
American Airlines 3s
2.01
—,
New York
71
10
10
Recent Security Issues
Bonds-
Series 1955—
19.06
9.30
w...—
24%
;
19.50
27.35
17.39
6%
30
22%
9.07
Diversified Trustee Shares—
29.68
24.94
5,
27
7.11
,
17.87
—.—I
Independence Trust Shares
Series
Series"
2
10
Iowa Pub Serv 2%s
.
93
36,
.
22.91
D
.-.'Series
34
,-6%
10
Fire
U 8 Guarantee
t:
54;%
4%
10
U S Fire
.
103%"
51%
89
0
Travelers
29
,
10
Standard Accident
93
ff
Fire
102
10
28
10
20
Indemnity Co
Seaboard Surety
Security New Haven
Springfield Fire A Marine
48%
8%
24
Hartford Steam boiler Inspect.-lfl
Unit Type Trusts—
Keystone Oustr-Man Funds—
46%
B
15
com
Fire
fl
85
St Paul* Fire A Marine
,
20%
7%.
80
Republic
33
14
20.97
8.29
Wellington Fund
13.80
30%
•18%
Rutgers Fire
6%
24%
12.50
Revere ,(Paul)
,
49
12%
Reinsurance Corp
21%
A
46%
87c
20.96
29.39
Investment
Invest
19%
15.06
27.04
ft
Hanover/:'
50.25
6.50
-
■
93%
27%*
22%
0
Providence-Washington
14%
0
25%
0
Preferred Accident
55
-89%
.
29..; •'
23,31
19.18
-
-52
6%
165
2.00
™
Union Preferred Stock Pund
1.07
13.74
America— .10
G
10
.10
i. 27
53
5%
io
,
7%
50
—10
.
31
155
.2
.
5
78c
22.61
Union Common Stock Fund B
12.02
88c
47.25'
25c
series A—
B
Series
Ltd—
Fund
3%
; 78c
Corp—
Trusteed Industry Shares
22.65
2%
156
2nd preferred
Great Amnrtrjin
7.00
.10a
149
...0
jo
Northern
70
..20
6%
29.
-
53
31%
-.1.2
"ao
Fire
Phoenix
48
Glens Falls Fire
Globe A Republic
12.25
—I
State Street Investment
10c
1
—^
Incorporated investors.—.
Pacific
30
'
81%
4
Northeastern
'
13%"
Globe
Utilities
33%
67
Franklin
3.70
Sovereign Investors
i
60C
54
30%
10
..
16.33
Pomeroy
Scudder, Stevens A Clark
Fund, Inc
Fund Inc
Income Foundation
Common
1
72
,
23
29%
(Detroit) ..10
River
51%
,
Fidelity A Deposit of MF
30
15.19
4.76
4.38
—
shares
Holding Corp-
North
13;
54%
77
S
Amsterdam Casualty
69
28
-
Federal
3choellkopf Hutton and
5.49
New
11%
21%
12%
New Brunswick
New Hampshire lire
New York Fire
20%
General Reinsurance
Corp— .10
Gibraltar Fire A Marine.
10
20
1
Fund
Standard
shares
Tobacco
Huron
Employees Group.
Employers Reinsurance
9.42
5.27
Railroad
RE
13.47
7.58
shares-—
Bond
Railroad
12.29
8.10
Mining shares
Petroleum
8.98
—ZIZ—zrTiirirz,—ri
-
6%
79
10.69
11.68
1
L_
National Liberty
18%
JO
97%
41
52%
Casualty
National Union
'
Pacific
Crura & Forster Inc
8.18
10.35
Price Shares
Merchandise shares
9.10
10.44
9.75
6.99
-
—
10
10.66
■
9.86
Institutional bond shares
Low
Machinery
.Merchandising
7.47,
Industrial Machinery shares-
Investing
8.30
6.04
39
5%
Connecticut General Life—.10
Continental Casualty
0
12.89
9.53
—
,
6.77
Administered
bond
equipment
10.01
Food shares—,—
General
Electrical
Insurance
—
shares
Electrical Equipment
Fully
6.65
9.18
12.62
11.76
-
8.47
Building shares
Chemical
7.11
6.55
Camden FireCity of New York
10.52
11.52
36
-v
'
,,
9.60
„
Diversified Investment FundDiversified Speculative
Automobile
10.75
12.44
Chemical
shares—
Aviation
stock
Building supply
Business
Equipment
Group Securities-
?
9.81
94
37
common
National Fire
7.64
Aviation
16
10
preferred
National
Ask
27%
14%
20
Y
Merchant Fire Assur
Merch A Mfrs Fire N Y
55%
Automobile
of N
Massachusetts Bonding
28%
18%
53%
General Capital Corp——
.
Prior
20%
27%
Bid
25%
io
Convertible preferred
12
19%
2%
6.09
—
4
I
Fire
Maryland Casualty
34%
4.34
15.16
York Stocks
21%
7.99
England
New
19%
6.66
shares
60
Insur Co of North
America
14.96
Automobile
32*
_100
Jersey Insurance
5.23
•
6.92
—
series
New
*
5.78
shares
Ask
28
Pa*
45
5.49
Agricultural
Bid
»
Home
Homestead
54%
3.91
25.63
2.14
10
13.65
•
-
Companies
83%
Fundamental Investors Inc
Fundamental Trust shares
First
«
Ask
—10
Agricultural
7.74
Bid
80%
3.84
—.
Selected
Speculative series
84 U
10
Life
'■/./; 7.27
6.51
Low priced bond series
40y2
Aetna Casual A SuretyAetna
Aetna
series
16.09
1.96
Par
10.81
4.74
stock
80
Insurance
15.20
15.00
10.00
series
26.37
21 Vz
Boston
13.90
13.97
series
23.80
Fund Inc
Industrial Fund,
Corp
Mutual Trust Fund-
Financial
12.05
—
15.04
'v Fidelity
27.28
11.15
10
shares
24.64
Fund
Stock
Pund
Low priced stock common
Preferred stock scries
HowardBalanced Fund
Common
5% preferred
.
-
8.61
25.23
v
Securities—
Industrial
A
Eaton
First
Bond
Income
7.50
Dividend
Invest
Fund.
National Investors Corp
National Security Series—
17.06
X6.55
Puna
'
A Pacific-
48.70
7.86
1
Natlon-Wide
,
Delaware
—2019
4%s_
/;'/
—
.*nm
47.73
1
2d
Mutual
31.70
13.97
15.11
Christiana Securities com—100 2,960
3,060
Preferred
....—100
149
154
Commonwealth Invest..————I
5-80
6.30
Diver
Trust
Investors
5.05
29.48
Z 15.57
102.61
..10c
—.
Investors
*
r u,,u
income
107
Inc—
Mass
19.52
1
Fund
Chemical
l/neuuutu
Conv
104
5.95
Knickerbocker
6%
*
Ltd
Fund
Inv
Canadian
Century Shares Trust
Stocks
Chicago Rock Island
.1994
5.18
i'
Mass
1
Ltd
Fund
Bullock
1st 4s.
12.87
8-4
8%
3%
100.06
20.42
17.28
17.80
Ask
Chicago Rock Island A Pacific-
28.58
Series
and lt Issued)
as
Bid
—
20.55
8.04
—
B
(When,
Bonds
K-l
16.89
7%
7.44
13.54
Corp....—————5 4
Fund
Axe-Houghton
Ask
Series
4.78
4.00
shares.
Axe-Houghton Fund Inc
Bid
).)-
33'4
31%
Ann;rex
Associated Standard Oil
Reorganization Rails
Ask
1
Par
Funds—
Mutual
100.2
103.12
1%S
Home
Apr.
103.16
Loan
15,
Banks—
Bid
1948
Bid
Ask
1947-
b0.375
0.35%
1947—
b0.375
0.35%
19471947—
bO.375
0.35%
19,
26,
b0.375
b0.375
0.35%
0.34%
June
1947-
b0.375
b0.375
0.34%
0.35%
July 3, 1947—
b0.375
b0.375
0.35%
0.35%
Ask
100.2
100.5
100.6
2%l Feb. 1, 1955-1953
Federal
J
May 22, 1947
99.20
1952-1950
l%a Jan. 1, 1953-1951
Other Iteuee
Panama Canal 8s
-1961
125%
'127
a
Corp.
Odd
Figures after decimal point
represent one
int. Rate
i-'
12*2 11
tflept.
15,
1947
1948
Bid
Ask
lv*%
1%%
100'10
100.6
100.24
more
32ds of
a
100.25
Stock
Dollar Price 100 Plus
Bid
Ask
Certificates of Indebtedness—"
*7/as June 1. 1947
100.7
.0382
t%s July 1, 1947
*7/aS Aug. 1, 1947
Mar-, 1,
t7/aS Apr.
1,
.0652
.0526
*
.0547
.0523
.0607
.0539
.0636
.0522
.0602
.0484
.0663
.0535
/_
.0536
.0438
1948
.0600
.0389
1948 Wi
.0636
.0470
t7/aS Jan. 1, 1948
t7/as Feb. 1. 1948
tVaS
.0472
.0453
t7/as Sept. 1, 1947
t%S Oct. 1, 1947
t%S Nov. 1, 1947
*7/aS Dec. 1, 1947
-••V,
.0730
■'
—
!
-
I
■
.
400,000
price,
point
Maturity—
100.11
lYn%
or
record
to
Quotations For U. S. Treasury Notes
At VJ.
:u
I
UivT
i.
lot
name
of
Maturity—
,•
issue,
g
sale
(not Included
in year's
range).
March
3,
shares,
Authorized $3
1947.
dDeferred
par
delivery sales
price,
c Hein
common
Exchange.
d When
rCash
sales
delivered,
w
(not
included in
i When
stock
at
same
time
Werner
increased
(not included in year's range),
Formerly the Aviation Corp. of Delaware;
w
b Bid yield
Motor
Parts
changed to "Hein Werner Corp. and outstanding stock split 2-for-l payable to holders
issued,
name
changed
year's range),
x
Ex-dividend,
March
e
25,
1947.
200,000
(Un)
■
{
fFlat
k Removed
t Ex-stock dividend.
y
from
Ex-interest.
to
Unlisted
Ex-rights.
'
"
*No
dividend.
par
"
value,
tin
default.
JThese
bonds
are
subject to
all
Federal
taxes.
)
fitipi
UEx-liquldating
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4583
165
-
Week
Bank clearings this week will show a decrease compared with a year ago*.
based upon telegraphic advices from the chief
cities of the country, indicate that for the week ended Saturday, April 5, clearings
Third Federal
Pennsylvania—Altoona
will
total
stands
At this center there is a loss for the
for the week follows:
summary
-
'
'
l
,
•
_
--
$5,460,903,473
481,221,529
—
439,830,457
647,000,000
—
601,000,000
:1
Philadelphia
:
—
Kansas
n
183,100,000
"
150,043,931
1,853,500,440
All cities, one
•
832,782,279
7.6
639,865,081
693,174,968
will appear
the week covered by the foregoing
+
3,895,008
3,916,443
3,998,427
+ 24.8
150,047,007
126,308.978
+ 18.8
118,370,167.
120,938,430-
250,598,177
215,113,481
+16.5
223,152,632
228,235,136
23,820,200
19,080,800
+ 24.9
18,361,200
2,473,498
15,441,300
2,023,604'
4,988,413
,■>
5.4
kc7 040
3,403,379
+
4!boo!257
4,046,857
+ 18.6
264,333,255
—21
247,768,447
+
702,184,958
4,020,114
3,274,8 IT-
6.7
261,651,973
270,876,004>
619,720,369
+13.3
631,952,027
.
.
_____
Reserve
Distriot—Richmond—
much as the week
+26.3
6,980.000
+ 27.6
5,982,000
93,694,239
+ 28.6
87,326,691
2,747,264
2,587,621
6.2
2,627,901
2.141.55L
188,879,434
164,884,246
+
14.5
142,738,173
172,217,865-
56,927,464
52,357,475
+
\S.T
38,416,660
35,246,563"
380,076,646
322,226,955
+18.0
278,301,670
289,476,650
11,439,203
+ 14.9
2,175,708
Columbia—Washington.
(6 cities)
—
A
5,587,000
'
+
13,139,309
50,889,337
45,435,656
+ 12.0
195,000,000
^ 3,623,941
172,300,000
+ 13.5
2,720,917
73,157,188
Augusta
—
Macon
53,198,908'
+ 27.8
54,059,923
51,534,142
4,083.448
85 218 422
66,671,433
$12,275,-
Total
a
+ 17.2
4,645,290
4,844,905:
288,827
294,269
191,212
178,189
121,720,222
101,050,411
+ 20.5
67,919,197
80,034,177
556,392,769
481,195,778
+15.6
( '381,196,291
1 521,903
6,578,890
V 3,533,051
t' 3,152,850
37,090,000
3,394,380
—43.4
664,494
1,131,912
+ 20.2
5,191,361
5,067,615
20.7
3,144,810
3,833,379-
Mississippi—Vicksburg
Louisiana—New Orleans
Outside of this city there was a gain of 15.2%,
the bank clearings at this center having recorded a loss of 12.3%.
We group the
1 cities according to the Federal Reserve District in which they are located and from
this it appears that in the New York District (including this city) the totals record
^ ian increase of 12.6%, in the Boston Reserve District of 5.8% and in the Philadel¬
1,559,077
1,890,103
+
/ -,5,441,948
2,066,260
2,341,536"
51,438,736
74,678,478 v
Mobile
37,327,103
149,600,000
150,500,000
4.7
1,960,121
78,170,769
Alabama—Birmingham
previous—the week
of
-
+ 17.3
<■2,300,000
Florida—Jacksonville
increase of 13.6%, the aggregate
11,006,90V1
12,737,068"
35,273,611-
+ 33.2
Nashville
Georgia—Atlanta
be estimated.
having amounted to $13,942,350,039 against
1,126,483.
1,210,245
1,723,374
8,903,000
120,443,776
Carolina—Charleston:
of
644,684,299
..
Sixth Federal Reserve District—Atlanta—
present further belowr
the final and complete results of the week
.
Tennessee—Knoxville
not available at time of going to press.
the last day of the week in all cases has to
clearings for the whole country
> '
Maryland—Baltimore
Total
For that week there was an
March 29.
South
—19.8
detailed statement, however, which we
are able to give
ended
3,275,000
Richmond
$12,224,360,024 $15,239,005,750
and the Saturday figures are
| Accordingly, in the above
jiwe
3,709,800
•
Federal
District
jin our issue of next week. We cannot furnish them today, in as
In the elaborate
4,210,885
+ 15.8
Virginia—Norfolk
—79.5
day
Complete and exact details for
ends Saturday
4,677,447
Virginia—^Huntington______i_
2,273,441,167
Total all cities for week
■
+ 30.9
;
(7 cities)
Fifth
We3t
9,3
—
$11,758,541,272 $12,965,624,583
days
Total
+16.4
2,157,841,410
'
n
5,997,059
Mansfield
—13.6
'
h
1,508,419
7!84b!485
2,893,366
"
+ 26.0
120,926,943
—
•
% •' "
*1,625,644
Pennsylvania—Pittsburgh
$9,600,699,862 $11,112,123,743
_
cities, five days
Total all cities, five
+ 102.2
895,847,840
(11 cities)
Youngstown
—15.4
Other cities, five days
:
>•
Ten
1,384,914
1,847,039
Coiumbus
—16.6
175,020,134
~
--
1,114,203
4,874,391
Cleveland
+ 28.0
Cleveland
Baltimore
•i
+ 23.0
+ 25.5
211,132,706
>
Pittsburgh
~
2.6
1,488,968
2,855,616
1,419,615
+
1,761,189
—(
Cincinnati
267,578,000
'
'-;;-
+ 24.9
3,733,693
Fourth Federal Reserve District—Cleveland—
+r27.5
San Francisco
v
788,731
1,958,285*
2,147,593
.
^
°hio—Canton
+ 25.5
234,300,000
_
__
679,000,000
-
7.1
187,173,936
238,703,379
City
St. Louis
"
'4- *
621,000,000
2,165,489
3 734 §52
New Jersey—Trenton
8.6
348,950,034
Boston
r
'
i
1,879,655
7.1
+
3,830,874
*
-
;
Delaware—Wilmington
—19.8
$6,825,471,531
______
Chicago
i
•
+11.5.
2,828,062
1946,
1947
Week Ended April 5—
New York
■
695,925
2,682,332
~
,
____
±
Total
v
464.045
+ 43.6
Telegraph
Clearings—Returns by
1'
480,182
466,456
353,778
+ 12.9
808,000,000
—
_
Wilkes-Barre-
Our comparative
week ended Friday of 19.3%.
$
—16.1
865,000,000
' 5
—_
Reading
York
1944
871,150'
'697,129
3,153,031
Philadelphia
week in 1946.
$12,224,360,024 against $15,239,065,750 for the same
at
f'i
585',036
Scranton-
1945
688,480
988,579
Lancaster
Our preliminary
week last year.
47:
29
or
Dec. %
'
983,921
*
Chester
which it is possible to obtain weekly clearings
below those of the corresponding
be 19.8%
'
*
Bethlehem
-
(1903)
Reserve District—Philadelphia—
r
Preliminary figures compiled by us,
March
Inc.
$
ji'
for all cities of the United States from
1946
1947
THE COURSE Of BANK CLEARINGS
Ended
(10 cities)
1.8
—
v.:,,
.
390,588,217
970,769 in the same week in 1946.
,
,
;.
861,666
; 7,904,787
'
.
.
Lansing
4,266,663
4,372,929
41,369,000
,
Indiana—Fort
Wayne
Indianapolis
;:r
...
,
:
4,711,031
Tefre Haute —•
11,568,088
Wisconsin—Milwaukee^.*:***,
__49,532,074
Iowa—Cedar Rapids —3,547,639
South
Des
Bend-
Moines____-I___ta_i,_^
Illinois—Bioomington
Chicago
v__
+ 38.7
3,159,991
2,755,029
+ 11.5
24,138,000
3,270,749
26,799,000
+ 38.8
%4
+ 15.0
"Vv
7,228,233
39,238,692
'
18,176,837
'+19.4
620,870,240
2,434,409
2,731,904
+ 27.2
25,771,687
9,948,708
828,834
-
3,696,181
9,358,961
37,303j780
0.8
+
43,077,576
2,788,217
.703,136,444
.
+
11,478,675
30,779,379
13,261,237
1,028,731
Sioux City
Francisco Reserve District
District of 20.7% and in the San
the Dallas Reserve
:
'
Arbor__
Grand Rapids-
phia Reserve District of 7.6%. The CJlevelandL Reserve District registers again .of
1X3.3%,Jthe Richmond Reserve
% ahrf the Atlanta Re^rve District of
fl5.6%/ In the Chicago Reserve District the totals are larger by 14.1%, in the
St. Lipuis Reserve District by 20.6% and in the Minneapolis Reserve District by
'33.0%'. In the Kansas City Reserve District the totals show an expansion of 31.5%,
1 in
1 '•
Seventh Federal Reserve1 Districts—ChicagoMichigan—Ann
+ 13.2
19,444,965
'
+ 33.3
7,689,493
8,128,241
r.
468,916
484,223
484,200,552
1,557,196
512,591,993
+ 24.1
'
1,765,131
'
Springfield
2,659,936
(
' 2,109,515
+ 26.1
:"
1,569,643
1,789,732
784,039,762
+ 14.1
"611,680,821
644,025,653
206,800,006
+ 12.4
186,900,000:
77,225,265
+ 30.8
.70,807,623
60,S90,731
1,080,248
+ 35.4
42,693,835
Decatur
by Federal Reserve Districts:
following we furnish a summary
3,879,020
7,040,961
2,969,520
+ 26.3
Rockford
(of 11.7%.
In the
1,884,155
Peoria
2,497,915
3,895,024
+ 32.6
Total
OF
SUMMARY
/
ir
Federal
12 cities
1st Boston
-■
)
1
+ 5.8
Missouri—St.
"
7,982,820,156
7,089,875,747
+12.6
11
"
895,847,840
+ 7.6
+13.3
+18.0
/ 278,301,670'
381,196,291
f
4th
Cleveland
7
"
7-
5th
Richmond
6
"
702,184,958
380,076,646
832,782,279
619,720,369
322,226,955
;
6th Atlanta
10
"
556,392,769
481,195,778
+15.0
7th
Chicago
17
"
8th
St.
4
"
894.272,413
417,488,437
784,039,762
346,096,244
+14.1
+20.6
7
"
314,832,659
236,740,616
+33.0
10
"
421,176,650
320,312,015
+31.5
290,437,815
6
"
227,034,497
188,172,307
+20.7
138,689,195
10
"
Louis
Total
10th
KanScfk City
_
_
J. 1th Dallas
12th
.
646,545,333
I
I
578,718,659
13,942,350,039
12,275,970,765
6,174,365,611
Francisco
San
,
5,359,494,963
r.
■
112 cities
Total
II
1
.
'
I
m
I
'
City
Outside New York
i
ML
Ml
St.
now
1946
1947
First Federal Reserve
(
District—Boston—
I
New
+10.9
+10.5
3,109,018
|
345,979,418
New
1,152,076
+15.4
898,596
Total
+33.9
412,224
fcew
1,442,967
1,185,521
+21.7
1,051,881
5,013,610
3,706,104
+29.4
+16.9
3.5
7,967,131
7,510,158
+ 6.1
25,340,800
20,316,600
+24.7
5,239,238
21,806,600
1,082,679
1,021,393-
476,090,038
503,677,681
cities)
(12
•
v
—
—
+
634,820'
5.7
5.8
401,799,164
V"*"'
.
9,039,058
2,157,966
Binghamton
M
Buffalo
81,448,704
_
...
-■
;
•••
York
*
7,788,648 +16.1
2,083,986 + 3.1
59,009,49? ;,+38,0
—
Connecticut—Stamford
New
1,155,695
;+ 5.7
1,007,744
1,073,313
6,916,475,806
£+12.3
14,389,878
13,387,771
7.5
5,759,074,586
12,045,670
9,246,073
7,332,656
+26:1
6,219,883
5,975,410
Northern New Jersey
v
;
+
-
;
+18.5
354,103
28,799,637
43,792,557
+12.6
5,924,657,530
6,924,041,090
+28.6
+28.3
+13.8
50,663,204
42,769,691
7,932,820,156
7,089,875,747
34,414,892:
-J
5,778,198
7,023,101
281,131
26,819,184
37,609,149
8,110,611
? 479,820
30,246.867
615,786
_
(12 cities)...
+ 28.9
330,858
267,394
3,510,934
3,325,742
71,741,379
150,249
184,911
+ 28.5
75,153,968
9.8
7,416,790
209,444,734
+ 17.8
2,597,512
6,767,812
2,447,271
8,738,393
280,569,509
+ 34.0
194,139,624
9,597,918
1;516,235
7,022,154
1,431,812
+ 36.7
5,944,025
179,377,101
6,593,267
1,283,627
1,182,120
421,176,650
320,312,015
Y
Pueblo
City
j
—
(10 cities)
+
.
5,332,452
+
5.9
919,273
922,214
+
8.6
888,898
754,603
+ 31.5
290,437,815
271,411,674
'
District—Dallas—
5,660,808
4;V91,667
186,213,000
20,533,710
4,026,000
153,804,000
16,625,971
4,823,000
2,557,731
2,009,782
8,043,248
6,117,887
227)034,497
188,172,307
Galveston
-
Wichita
Falls
Louisiana—Shreveport
.+
—
Total (8 cities)
Washington—Seattle
Yakima
100,579,626
Lake
California—'Long
.
City
*
"
Beach
Pasadena
>
-
Sanr Francisco
San
Jose
*
Santa Barbara—-—
"
Stockton
,
Total
79,550,869"
.
k
..
-
-
33,321,308
7,488,704
5,527,834
336,529,000
7,974,072
2,636,758
5,604,998
1
ma«
+ 18.1
2,642,455
3,508,717
+ 21.1
113,829,000
109,544,000
+ 23.5
13,719,428
12,049,351
—16.5
2,629,000
2,924,000
+ 27.3
+ 31.5
1,410,156
4,459,156
1,237,358
4,541,337
29.7
138,689,193
133,764,763
•+> 3.7
+
cities)
New York—
92,739,803
1,752,616
+ 12,2
83,677,277
2,004,897
70,970,510
26,492,506
8,177,083
+ 11.4
4,482,930
9.8
+ 27.6
285,752,000
5,378,336
2,035,030
5,493,163
+ 11.7
494,463,732
483,341,682
+ 13.6
M,266,784,095
11,333,461,4^0
+ 15.2
^4,507,709,509.
4,593,931,156
+-
6.3
+ 21.1
+ 31.0
+
+
9.5
+
2.8
"
71,421,403
27,352,000
7,739i749
4,045,466
269,325,000
3,993,161
1,544,940
3,427,544
■ ■ ■
646,545,333
(10 Cities)
Grand Total (112
7 Outside
3,107,570
96,304,079
:' 43,666,053
>8,400,364
6,158,186
389,539,000
8,733,508
2,710,807
'
7,149,981
Oregon—Portland
Utah—Salt
96,977,746
3,303,729
;
-
•Estimated.
Total
+ 32.5
4,616,221
Fort Worth
6,739,530,334
10,288,956
10,427,978
Jersey—Montclair
Newark
227,734
355,333
84,105,644
4,509,473
Dallas
1,215,651
1,266,468
'
180,483,513
+ 33.0
'"(Twelfth: Federal Reserve District—San" Francisco-
+18.1
—_
i
172,438,075
7
236,740,616
5,703,237
Total
v
j| Syracuse
4,001,174
108,058,574
4,949,554
Eleventh- Federal. Reserve
21,624,981
1,472,504
64,135,446
5,314,526
1,545,088
66,451,000
7,767,984,428
_
Rochester
4,330,411
+ 23.5
Texas—Austin
' 'Vjv':: ."v."'.::
1,024,699
Jamestown
New
+ 15.7
'
'
/
1,140,242
1,159,051
6,300,122
-y-
1,210,224
*
;
1,391,457
457,943
388,487,938
1,221,965
Elmira
9.0
301,660
Colorado—Colorado Spriugs_____
Second Federal Reserve District—New York—
jNevr York—
.?>
••
•.
.
'
,
1,303,006
2,077,603
314,832,659
(7 Cities)
St. Joseph
,
Total
+ 60.0
+
Omaha
;;
15,976,205
5,559,909
17,911,400
514,134
14,377,394
—
Hampshire—Manchester
i' '
'
Wichita
4,000,142
2,964,348
19,949,357
20,666,657
4,232,177
2,899,483
—
—
-
2,956,714
Kansas—Topeka
318,467
1,234,579
6,489,493
4,333,826
Island—Providence
2,589,452
1,906,127
Tenth Federal Reserve*'District—Kansas City-
„V
782,298
494,650
-
Havens
Rhode
+ 40.0
69,153,795
5,182,359
3,050,158
2,264,781
7,286,292
335,580,154
-
Connecticut—Hartford
45,838,419
'
3,113,096
+ 5.0
662,170
Bedford
121,505,112
40,623,771
Nebraska—Fremont
633,206
1,158,315
1,262,016
1,329,913
Springfield
Worcester
3,882,801
118,607,555
+ 26.8
:
Paul
Missouri—Kansas
3,619,109
i
|:
3,592,423
+ 35.9
1
$
$
410,080,858
Fall River
I
+ 20.2
301,302,694
Lincoln
3,240,675
-
Lowell
4,630,517
163,584,438
54,541,189
3,700,620
Helena
>
1,399,857
Portland
Massachusetts—Boston
1,084,000
289,981,043
5,567,154
Montana—Billings
1944
1945
Dec. Vo
38,942,285*
901,236-
r
District—Minneapolis—
' mm
430,500,099
Maine—Bangor
(
$
$
~
177,100,000
72,854,758
222,328,120
Reserve
Dakota—Fargo
March 29
Inc. or
+ 40.6
:
+ 20.6
Hastings
Week Ended
'
Clearings at—
2,408,748
346,096,244
Dakota—Aberdeen___:
11,333,461,490
4,593,931,156
10,266,784,095
4,507,709,509
Federal
North
the figures for each city for the
add our detailed statement showing
week ended March 29 for four years:
We
.•
417,438,437
South
~
5
1,519,333,
Minneapolis
r:
483,341,682
494,463,732
■■■III
■ II
+13.6
+15.2
-
82,564,421
Minnesota—Duluth
180,483,513
172,438,075
+11.7
>
;
(4 cities)
Ninth
390,588,217
644,025,653
289,981,043
611,680,821
303,302,694
'
* v
5,667,658
'
239,476,650
t
'
j;9th Minneapolis
^
Illinois—Quincy
133,764,763
i
6,542,199
2,073,187
.
232,400,000
101,004,683
Tennessee—Memphis
271,411,674
3d Philadelphia
LouiSu-_-___^
Kentucky—Louisville
5,924,057,530 * 6,924,041,090
639,865,031
693,174,968
631,952,027
644,684,299
12
York
2d New
+894,272,413
Eight Federal Reserve District—St. Louis—
1944
$
288,487,938
1945
_*■
$
401,799,164
Inc. or
Oec. %
503,077,681
1946
- $
476,090,038
Reserve Districts
cities)
(17
7
+ 30.6
CLEARINGS
BANK
19471
$ ..
Week Ended March 29—
_________
578,718,659
13,942,350,039
12,275,970,769
6,174.365.611
..^359,494,963
XXXX;yy.::.: X:X>
!
■
48
"
'
1
i'
■
'
■'v':V
t
"
Vv- '• ;'V ,V>' ;".V
■'
: 5' ;>■;:•!'
.
".'-to 'y.yXyX
THE COMMERCIAL & FINANCIAL CHRONICLE'
(1904)
We give below a record for
BY
RESERVE
FEDERAL
BANK
TREASURY
TO
TARIFF
UNDER
ACT
OF
mortgage
2%s.
1947 TO APRIL 3,
28,
1930
Celotex
$
Mar. 31
$
Officiol^-,i.--—-
.297733*
.297733*
Free-
.251247*
.251247*
.251247*
"
:
-
Australia, pound
Belgian, franc.—
Anr. 2
Apr. 3
$
$
.297733*
.297733*
.297733*
.251247*
.251247*
.251247*
3.209120
3.209120
3.209120
3.209120
.022836
.022839
.022838
.022834
.054404
.054404
.054404
.054404
.054404
.
Official
Free
1.000000
1.000000
1.000000
1.000000
1.000000
1.000000
.931434
—
.930859
.930625
,f 25625
.921250
.925000
f
————
Colombia, peso
.569800*
.569800*
.569800*
.559800*
.569800*
.569800*
Czechoslovakia, koruna——
.020060
.020060
.020060
.020060
.020060
.208658
.208658
.208658
.208658
4.027343
4.027343
4:027343
4.027421
.008408
.003408
.008408
.008408
.008407
•
.008408
(Metropolitan) franc-.
,
.
1973
Mav
i.May
1
debentures,
Gas
due 1960
1st mtge. 2%s, due
Co.,
Power
1584
\
1
—
Apr
-
1971
Co.—
1723
*
28
Mav
1724
1
~
"
India (British), rupee
.301579
.301579
.301579
.301579
.301517
peso
,205735
.205735
.205788
.205788
.205313
*
'
u
'
.377734
.377794
.377860
.377696
.377584
.377530
Water
Toronto
1.000000
.928541
.928125
.922916
.918750
.922500
3.222000
3.222000
3.222000
3.222000
3.222000
.201612
.201012
.201612
•
1
1724
■
1
«
1
1726
May
*
1728
7
—IIjua :
1317
1
1593
'■--•'■'••n*-
-Jun 22
due
1960__Mav
1
®
>
1964
Apr
30
*
Apr
21
1772
preferred stock—July
v);;..:
Pacific
RR.
*
*
A
8
Mav
I960.
1773
1
Apr
due
1460
1596
New
Zealand, pound
—
Norway, krone.
1.000000
.201612
1.000000
1.000000
Co.—
mortgage
4J/2% inc. bds., ser. A, due
2014—May
Ltd., 1st & ref. mtge. 5s, due 1966—May
.040379
.0403791
.091324
.091324
—
'
Sweden
krona__.
.040340
~
"
.040311
.091324
.091324
.278221
.278221
.278200
.278192
.233628
.233628
.233623
.233628
.233623
4.007500
4.007500
4.007500
4.007500
4.007500
4.007500
5%
A.
P.
Bell
Uruguay,
peso—
Controned
.658300*
.658300*
.658300*
Noncontrolled
.562620*
.562620*.
.562620*
Einz
.658300*
.658300*
.562620*
.658300*
.562620*
ISSUE
convertible
V/.
preference
Paper Co., Inc.,
1st mtge.
f.
s.
1502
Date
stock
6%
gold
pag8
1
•
.—.—July
—
convertible
1
1717
July
1
1722
Jun
1
1583
May
1
May
1
notes
Telephone Co. of Canada, 1st mtge. 5s, series
(M. E.) Co.,
Ltd., 1st mtge. 6s, due 1957
Columbia Pulp & Paper
Co., Ltd.—
6%
*>
l
May
B
British
.562620*
1
CALLED
Company and Issue—
Algoma Steel Corp., Ltd.—
10-year convertible bonds
.278164
.233628
Union of South Africa, pound-
ENTIRE
.040336
.091324
.278221
...
Switzerland, franc
Windsor Gas Co.,
.201612
'
.040379
.091324
Portugal, escudo
Spain, peseta-
bonds.—
—
«
1585 V*
7%
general mortgage s. f. gold bonds
May
1
Brooklyn Edison Co., Inc.—•
3%
consolidating mortgage bonds, due 1968
Apr 23
314 % consolidating mortgage
bonds, due 1966—____Apr 28
♦Nominal rate.
1585
v v
*
...
United
Reserve Banks Combined
(In thousands of
Deer.
or
1947
Since-
Apr. 3,
1947
•$
Gold certificates
Redemption
$
notes
for
F.
1946
ctf.
gold
Discounts
J.—_
and
Industrial
19.249,GOG
reserves
cash
S.
Govt,
—
advances
+
\
68,106
.+
1,798
—
+
1,149,574
+
53
—
479
—
tt,c;
Certificates
5.943.418
Notes——.
1,989
—402,259
—469,200
—1,111,500
6%
Total
Due
loans
from
and
21,938,064
securities..
22,368,325
foreign banks
—871,459
—
—728,846:
63/«
New
102
notes
Bank
of
other
items*
banks.._
97,297
2,409,610
—
premises!:.—...
Other
assets
32.151
—
—
+.
3^63*
Loans
36,307
—
••
■—w-
44^497.565
—749.86ft
Reserve notes:
Deposits:
24,185,309
U. S.
Treasurer—gen.
Foreign
:
Total liabilities
—653,760
17,579,631
2,019,968
Other
13,106
-
43.798,014
i—
Capital Accounts—
Capital paid in
Surplus
Surplus
'
:
(Section
_
190,945
reporting
to
Contingent
purchased
deposit and F.
liability on
for
foreign
1,260
27
-
1,069
—
—749,850
+
46.1%
+
0.9%
+
vault
439
—
+
~
1,081
8,314
+
reporting member banks.
for
in
Holdings
de¬
Loans to brokers and dealers
States
$74,000,000.
of
loans
City and $7,000,000 at all
purchasing or carrying United
and other securities
increased
Government
•
;
.
-
—
453
15
Apr
15
:
;
\
Treasury bills declined" $369,000,000 in
City and $453,000,000 at all
reporting member
banks.
Holdings of Treasury certificates of
indebted¬
ness declined $65,000,000 in the Chicago District and
$129,(70,GOO at all reporting member banks.
Holdings of
Apr
i&
2031—'
Electric
129
—
Light,
Heat
&
Power
Co.—
mortgage
3'/2s,
due
1731
'
1731
1731
>
•
1731
' J
Anytime
*
Anytime
*
1965
Apr
28
*
Anytime
82822)
Utilities, Inc.—.
6%
bonds,
series
Power h Water Co.,
B, due
1947^
Ltd.—
mortgage and collat. trust 5s,
series A and B
May 1
Apr 1&
*
•
1500>
—.JutoU May
1
;.May
1
1363
1955—May 15
•
Auction Sales
7,460
—
6
—
25
+
4,485
Transacted by R. L. Day & Co.,
Boston,
day, April 2, 1947:
Shares
131
_
88
110
+
26
14
Crocker
2G
Hcrshey
10
Thompson Spa Inc., preferred
Thompson Spa Inc., common......
Joseph Breck & Sons, A ($100 par)
5.
51
+
204'
68
—
179
10,591
i
+
1,710
+
3': 2
—
2.040
Springfield
—
1,292
—
232
+ i
preferred
Mfg.
Co.
($100
Athenaeum
($300
887
ioy4
par)
45
Boston
Athenaeum
($300
21
Hudson
National
Bank
($50
i/a
343
341
...
par)
152
BONDS
36
$10,000
Agawam
382
.
•
1
50
pari
20
35
par)
1
12,543
+
67+
par)
($100
par)
826
14
($100
common
Boston
+
66
Railways
McElwaih Co.,
1
655
8,555
Wednes¬
$ per share
+
—
—
on
STOCKS
71
111
+
—
38,826
-
ref.
47
—
1943
Racing
&
Breeders
—
Association,
Inc.
4s,
Jan.
—
$60 lot
i-'l
16,406
Dividends
Sinking
first
and
a
list of corporate
called for
stocks
common
bonds, notes,
redemption,
and
1st mtge.
Vandalia
RR.,
leasehold
Date
consolidated
6s,
Page
•
Apr
:
.
bonds
News Department"
1588
The
dividends announced this
'
,
—Apr
14
1730
.———Mar 31
1502
PARTIAL REDEMPTION
Southern RR.—
the
week
(quar.)
Petroleum
Asphalt
Can Co,
Ameiican
—
May
_Apr
when
Corp.
Roof
;
:
When
Holders
Payable of Rec.
$1.12%
4-25
50c
4-30
25c
4-15
3-31
Dairies, Inc., common (quar.)—
(quar.)
Corp.
;
(quar.)
(quar.)
4-15
V;
4-14
preferred
Fire
Maize-Froducts
preferred
American
1
1717
American
15
1446
5%
4-24
-3-31
3-25
3-31
3-25
$1.75
3-31
3-25
40c
4-25
4-10
,25c
4-15
4-
$1.75
3-31
3-27
$1.25
(quar.)__—
American
&
5-15
25c
EOc
7%:
5%
:
1962
in
75c
:
Amerada
Page
!
week
are:
Share
Abraham & Strauss, Inc.
7%
"
Date
1st mortgage
3Vis, series A. due: 1967—
American Tobacco Co., 3%
debentures, due
in
Name of Company
1456
—-
table
^
American
15
11
Company and Issue—V
Great
second
a
previously announced, but
Corporation
Investment
American
Alabama
follow with
we
American
—Apr
1950
mortgage
934
-—May 15
bonds, dated 1937—
due
Then
show the dividends
declared.
,
Company and Issue—
Marcy
week.
we
,: per
V
Aroostook Valley RR., 1st and ref.
mtge. 4%s, due 196l-Apr 11
DeBardeleben Coal Corp.—
Co., 3%%
grouped in two separate tables. In the
bring together all the dividends announced the
are
which have not yet been paid. Further details
and rec¬
ord of past dividend payments in
many cases are given
under the company name in our "General
.
NOTICES OF TENDER
1st mortgage 4% income
bonds, due 1957
Ellicott Square Co. of
Buffalo, 1st mtge. 5s
Leeds & Lippincott
we
current
which
New York
15
Apr
546
—
including those called under sinking fund provisions.
:
agricultural
Apr
1962
518
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."
banks, $179,000,000 in demand
deposits adjusted, and $655,000,000 in
deposits credited
and
1950
1731
83
+
&
*»
15
•Announcement In this Issue, tin Vol. 161.
5In Vol. 162. Iln Vol. 164,
8
Below will be found
preferred
domestic
industrial,
1948
due
..Apr
6
—
Notices
following principal changes for the week
$563,000,000 in holdings of
clined $15,000,000 in New York
due
due
due
&
12960
Association—
bonds,
bonds,
bonds,
consolidated
lien
1
DIVIDENDS
leading
to domestic banks.'-
Sep
1947
debentures,
and
»
Any time
due
debenture
10
Calls and
obligations, $204,000,000^
due 2022
due 1948
bonds,
5,658
ended March 26: Decreases of
United States Government
Commercial,
+
2
2,003
-
to demand deposit accounts
except
Interbank
and
U.
8.
Gov't
accounts,
during week
i
The condition statement of
weekly reporting member
banks of the Federal
Reserve System in 101
with
+
34
+
620
Condition Statement of Member Banks
balances
12
+
3
Debits
txxyX
*
6% debenture bonds, series A, due
2022—
Verney Mills of Canada, Ltd., 1st mtge. 5s_^
!
Virginia Dare Extract Co., Inc., 5% debs., due
1,436
+
3,555
Foreign banks
Borrowings
1.9%
*
Pulp Co,, 6j% preferred stock
Tews Power & Light Co,—
6#, gold debenture bonds, series. A, due 2022
Utah: Rower1 & Light Co,—-
365
—
+
9,897
U. 8. Government deposits
Interbank deposits:
cor¬
Electric
debenture
1st
1,715
2
__
26,909
—
figures revised.
cities shows the
35
2,564
—
banks
&
5s,
debenture
Pacific
(Including guaranteed
Demand deposits adjusted
Time deposits
.6,762
12287
SoundFiew
Liabilities—
1,228,494
bills
indus-
In
Domestic
"
8.314
make
66
Cash
+
4,484
-
Balances with domestic banks
1
Sep
1
preferred stock...Mar 31
7%
series A,
convertible
1st
3,60%
39
738
with Federal Reserve Banks
■
+
+
512
securities
Reserve
7'
—
151
indebtedness
July
debenture
Northern New York
1,231:
+
1,670
of
Gas
Gas
1585
|2548
Co.—
mortgage
convertible
1st
—10,804
110,
420
-
obligations)
1.144.043
+
9,718
+
bonds
Other
—750.985
+
U. 8.
81,468
i". "7,129
26
325,047
+
R.
trial loans
♦March
+
101
+
44,497.565
combined
to
55,560
—
376
392
——
loans
Treasury bills
Treasury certificates
Treasury notes
637,376
+
respondents
Commitments
—
264,765
+
+
351
Loans to banks
+
—737.781
obligations:
Real estate loans
Other
Gas
convertible
York
1724
1
July
mortgage 5% bonds, due 1948
Purchase money 4% bonds, due 1949
i.
New York & Queens Electric
Light & Power Co.—
2,355
144,016
184,747
bonds,
convertible
New
pur¬
securities
413,341
+
41,323/:
Total liabilities & cap. accts.
of
gold certificate re¬
liabilities
28,710
for
securities
+
—
439,823
13b)
Ratio
note
—
dealers
Government
+
62,110
and
Ltd.,
6%
carrying:
or
Other loans for purchasing or carrying:
U. 8, Government obligations,
180,360
27,455
7)
capital accounts
serves,
+
1
(Section
+
-
*~117,421
520,389
Deferred availability items—LOther liabs., incl. accrued divs.
..
42,457
946,355
!
572,539
deposits
+
15,540,340
acct.
Other
Total
S.
brokers
Other
bank—reserve acct.
—
16,921
«.
Other
Liabilities—
Federal
55,171
—
11,070
to
chasing
+1:228.494
U.
Member
investments—total
loans.
Loans
Total assets
,
Commercial, Industrial, and agricultural
1,008
5,046
-
and
debenture
5%
1
15
Co.—
consolidated
England
12142
Apr 30
5%
Decrease (—) Since
Mar. 26,
Mar. 19,
Mar. 27,
1947
1947
1946
Loans—total
488,514r
5lf»r
—
38,646
—
13,415
54,494.
May
due I960—Apr
1st
8
:
.
R.
Uncollected
Assets—
Power
Amsterdam
5%
Increase (+) or
291,097
—
1948
ser. A,
stock
5%
;31,192
.
due
Valley Gas Co.—
preferred
mtge. 5% bonds
Leew's (Marcus)
Theatres,
Nebraska
*
Any time
Realty Co.—
1st
1st
liabilities of
due 1951
gen.
Lebanon
(In millions of dollars)
Total U. S. Govt. securities-
1st mtge. 5s,
mtge. gold bonds, series E, due 1977
International - Telephone & Telegraph
Corp.—
414 % debenture bonds, due 1952
149,552
—
M.)
mortgage and Leasehold 5Vis,
414 %
*
all reporting member banks.
A summary of the assets and
member banks follows:
438,273
—
753.390
..
1st
(A,
Canadian Oil Cos..
Ltd., 1st mtge. 4s,
Great Northern Ry.—
,
Borrowings increased $28,000,000 in New York City,
$18,000,000 in the Cleveland District, and $67,000,000 at
+ 1,668,138
351,800
—
Campau
New
257,437
—
securities:
14,884,456
Butte Electric & Power Co..
all reporting member
tricts.
26,128
142,560
1,085
_
increased
banks, and increased $55,000,000 in the Chicago District outside of the City of
Chicago and $46,000,000 in New York City.
United
States Government deposits increased
$66,000,000. De¬
posits credited to domestic banks declined in all 'dis¬
1,151,372
17,867
429,176
Bills
Bonds
+
15,892
301,823
loans
Acceptances purchased
U.
83,998
+
774,179
.
000 at
$
R.
—
Total
Other
18,475,427
iund
bonds
declined $83,000,000 in the
City of Chicago, $51,000,000 in the Richmond District,
$44,000,000 in the San Francisco District, and $179,000,-
'
Assets—
Government
Demand deposits adjusted
Mar. 26,
Apr. 2,
.
'■
trict.
dollars)
-Inc.
k
,i
XX'"';'
Stales
$57,000,000
in New York City and $25,000,000 at all
reporting mem¬
ber banks, and declined $30,000,000 in the
Chicago Dis¬
Statement of Condition of the 12 Federal
F.
:
1
723
3.222000
.201612
$3.75
debentures,
General
1.000000
.929166
debs.,
Housing Co., Ltd.—
Western
1.000000
Free—
Associated Oil Co.,
1st mortgage 5s, series
A, due 1953
United Transit
Co., 4%
Newfoundland, dollar—
Official
2
Roberts & Oake, Inc., 1st
mtge. 6% bds., due
1954—I.May 1
Shellmar Products
Corp., 4%% preferred stock..^
Apr 30
Simplicity Pattern Co., Inc., 5%% preferred stock
Apr 15
Squibb (E. R.) & Sens, $4 preferred stock
-——May
1
Tide
.205857
Netherlands, guilder
,v
.301554
Mexico
414%
''Pennsylvania Water & Power Co.—
V
314% ref, mtge, & coll. trust
bonds, due
Pullman, Inc., capital stock——
4.027421
4.027343.v
England, pound sterling
<
31/4%
*
15
1
Mount Vernon Mortgage
Corp., preferred stock
Natior.al Vulcanized Fibre
.208653
—
v
Apr
Jun:
Mengel Co., convertible 1st preferred stock
Minnesota Transfer Ry., 1st
mtge, 3%% bonds
.020060
Denmark, Krone-
.208650
France
Maine
Co.,
Canada, dollar—
■
Indiana
;Pag»-"
1
1959—I—iMav
.022832
.054404
Date
_May
Firestone Tire & Rubber
Co., 3% debentures, due
1961__May 1
Halle Bros. Co., $2.40
convertible preferred stock
Apr 15
3.209120
.022836
Brazil, cruzeiro
-iLL.——;
■
$
3.209120
—
—
„><
1st
Apr. 1
$
.297733*
Argentina, peso—
'
and general
mortgage 3 fas, series J, due 1968—May
Chesapeake & Ohio Ry.—
J
& improv. 3 V2 %
bonds, series D, due 1996—.May
Citizens Independent
Telephone Co.—
1st mtge. 4148, series
A, due 1961—.
Jun
Dodge Mfg. Corp., 4% debentures due
York
-
Mar. 29
Mar. 23
Corp.,
Central
/
INCLUSIVE
1947,
Noori Buying Rate for Cable Transfers in New
Value in United States Money
and Monetary Unit
Country
,
■
Bell
Central
5;-MARCH
'/•
Air Line Ry.-r-*
due 1963—
B/G Foods, Inc., S'/o
debentures
& Howell Co., 4V* %
preferred; stockBlackttone Valley. Gas & Electric
Co.—
1st mortgage and collateral
trust 3s. due
Boston Sand & Gravel Co.—7% convertible
debentures, due 1949-
now cer¬
the week just passed:
CERTIFIED
RATES
EXCHANGE
FOREIGN
.
.
Monday, April 7, 1947
"
,
.
1st
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the.
''
Company and Issue—.
Atlanta & Charlotte
requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank Is
Pursuant to the
,
I ..:
.
:
Foreign Exchange Rates
world.
V.
i
Casualty
(annual)
Co.,
(quar.).^
Telephone
Co.
com.
(quar.).
—
preferred
(quar.)..
Viscose Corp., common
preferred
(quar.).—
4-15
3-31
50c
5-
1
4-15
■;$1.25
5-
1
4-la
(quar.)...
...
Pi'-'X'-yA-X; r-i-:'X}i ,r."v
I...
X1:-■'Xj'x'- vV
2
(Abilene,; Kan.).—
■
jv
X;. Xy- 'XX:
-v..
;
I"';.
.
Volume
-
When
fer
,v'7«* Name
of Company
Appalachian
Electric
•
^
.
'
|
'
'
"
Power—
•}
preferred
fopt.ia & Santa Pe .Ry Co. (quar.)
Atlantic City Electric, 4% pfd. (quar.) _i__
Atlantic Coast Line RR.;# ^V7;rv y;
5% non-cum. preferred (s-a)
Atlantic Greyhound Corp., 4% p.d. (quar.)
Co*—
Refining
$2.50
$1
preferred B (quar.)
___
Atlas Powder Co., 4 % conv. pfd. (quar.)
Ault & Wihorg Proprietary, Ltd.—
$1
•
—
,
preference
Baldwin
5-. 1
80c
(quar.)
• '
4-15
5- 9
4-15
6- 1
6- 2
4-25
$50c
.
3-29
Bates
b Inne3, Ltd.—
$i partic. class A preferred (initial)
Bcveny Gas & Electric Co
Birmingham Pirc Insurance (Alabama)—
Quarterly
Blue
Bios.,
40c
4^ 1
.
56'Ac
>4-15
'
B
(interim).
fBlumenthai
(Sidney)
Borg
W.)
(Geo.
Boston
Fund
Brighton
Burry
6%
Jackson
Calgary
Power Co.,
Ltd., 6% pfd. (quor.;__
Steamship Lines, Ltd. (s-a)
Canadian Bronze Co., Ltd., com. <quar.)___
7 5%
preferred (quar.)..
Canadian Pood Products, Ltd., com," (quar.)
$1
convertible class A
4-21
3-26
•
New
York
4-15
5- 1
150c
+$1.25
5-
$18%c
125c
..■*
North
4-10
7
7-i
5-30
65c
4-1
3-15
Cilnchfield. & Ohio- Ry (quar.)—$1.25
Central -Fibre Products Co., com.
(quar.)__
25c
4-21
4-1
Carolina
#
# Extra _k-^#_+_——
"6%i;'pieferred (quar,).^
'
'
Central
-
Hudson Gas
& Electric
Central .Ohio
Light
#5- 1
4- 1
3-23
$1.19
4-15.
3*31
& Power
(quar.)
40c
—,
4-15
r Gas & Electric Co—kL——, "
35'C
Brewtvies,y Ltd, (quar.)+——
?-3c
S Coca-Cola Bottling Co1/(St. Louis)
(quar.)__
25c
Collins Co.
—Tk.k—
:+-i$5
riTColumbia Gas &■ Electric (quar.)
15c
( Composite
Bond1
Fund
(qUar.)
ii—_
Power, 6% pfd. (quar.)._
Consolidated Chemical Industries, Inc.—
"t"
$1 participating preferred A (quar.)
7
preferred '(s-a)— k+__
Consolidated
Laundries
—
5%
1
1
3-24
5-15
4-15
6-
3-31
2
5-14
.
Consolidated
6-2
4-
Cuban
:i 6%
'4
Investors, class A
Telephone Co., common
preferred (quax,)_.w_
Delaware Power &
—•—»
Co, iquari)
(Discount Corp cf New York
Dividends Shares, Inc.-
>
; kDixie-Home
k. Dominion
6%
.
Stores
5-
15c
—
4-
1
6%
9
3-31
(quar.)
common
t-20c
-
'
5-
1
4-15
5-
1
4-15
*
redeemable
preference
J75c
(quar.)
•
2nd
preference
(Ducommun Metals
y
Eleven
t
Park
(quar,)——^—+—
$37'Ac
Place
Co.—
Line
35c
1
$2.50
-10-
(quar.
preferred
Products. Inc.—
Trust
Brewing
Street
B
Shares
Gro-Cord
Co.
(quar.)..
preference
Rubber
•k
Cotton
Haverhill
Electric
4'A%
Steel
pfd.
3-21
3-31
.Southern
3-31
Springfield
5-
4-15
$22'Ac
6-2
3-29
preferred
Products
3-25
(quar.)$1.25
(initial).8c
Corp.
Water
Co.
Power
(quar.)
20c
convertible
$1
2nd
7
4-15
5-
1
Illinois Lcck
Illinois
Co.
15c
5-20
"kk ' 15c
• '
;
'Extra
•1
itk'.i..'k.T-_.k-_k'^
Imperial
Chemk'ul
Industries,
deposit receipts
American
*
.
:v
♦.—
Ltd.—
for
ordinary
'
-
V- '6S/e. convertible preferred
•;Jaritzrn
•'J
5%.
•
A
&
City
Kennedy's,' Inz.,
$1.25.
Series
S-3i
^
Bryant, 4'A%
Lebanon
$1
Fund,
._k
k
(quar.)
series
Co.-
(increased
Co.
(quar.)
31'/<c
B-2
.
v
(quar.)...
Manhattan
Extra
..
Bond
kkk
Railroad
Fund
*
(quar.)
(quar.) y
*
4-10
U.
class
3-28
3-31
3-31
4-16
4- 9
2
4-25
6-
of
4-15
37 '/aC
4-15
4-
6-
4-30
A
|10c
2
4
50c.
r.
4-15
(
6-12
4-10
4-
1
3-15
3-31
3-24
Blue
6-
2
4-25
25c
5-10
4-10
3-31
25c
6-
1
6-
1
5-
8
'k-
>'>
'
•$25c
5-30
25c
6-10
•15 c
4-18
4-4
1
4-15
3-31
Ltd., 6%
pfd.
Co.—.
3-31
1
4-19
5-
1
4-10
—
75c
4-
1
3-29
56'Ac
4-
1
3-29
,\
;
4-15
Vagabond
4-15
Waterloo
>4- 7
Western
3-25
i 4-153-27 'S-ii- Westvaco
Coach Manufacturing
Cedar
Falls
&
Northern
20c
3-28
3-21
60C
4-
7
*3-26
2Cc
4-15
3-31
6-12
5-
4-15
4-3
$2
4-15
4-3
$4
v
White
RR
Prodncts—
";y;; $3.75 preferred^.(qyarki
3-27
(resumed).
;_____kk
Erewerles
Chlorine
Sewing
Mftplpnftrrn
prior preferped t
convertible preferred
&
W.)
■>
-
Bryson,
&
933Ac
k———_k—»
7V
Lji-
5-
7>7x(•••"»'••
.
?0C
(accum.)—
4-10
ly.
.5-
50C
5-
L/
1
;
4-25
,5- 1
4-l»
•
4-1^
4-19
4-15
5-
1
$1.12
.v 5-
1
4-15
'../ 4-
9 ::
3-25
•■/•■'
7c
50c
(quar.)—_
:
.
4-11
4-30
:
4-
5
A
9-'0
12- 0
83/4c
25c
6-11
40c
4-21
4-1
4-15
7 3-31
$25 c
;7 6- 2
5-3
—
6-
3
Ltd.—
4-30
4-15 Vy
$$2
4-15
3-15
50c
5-
y
35c
4-15
3-31
4-15
$25c
(quar.)—
4-10
1
$10c
(quar.)
common
V
20c
,
,
3-31
3-31
4-15
50c
5-
1
4-10
$62'/2c
5-
1
4-15
20c
pfd.
(quar.)
—
5-
1
Trust
■A
62»/2C
4-30
20c
•y
4-
4-21
3-31
4-15
3-20
4-15
7
3-20
2
4-11
5-20
7; 4-21
6-
•7.$$i
$60c
(increased)
3
4-lt
$321/2 C
Distillers of Vancouver, Ltd.—
<4-15: A
1
$12'/2C
_..—•
—
5-
16c
—
4-15
•v
4-16
60c
(quar.)
4-15
4-30
$1
(quar)
Property
>
_
Co.,
Corp,r(quar.)_
Hydraulic
1
1
8%c
Cordage,
&
6-10
710-
1-2-48
8%C
Co
'
t30c
k.7
(quar.)
Ltd.—
receipts ordinary (final)
5-20
4-21
40c
4-15
3-31
is
4-
7
2-20
Is
4-
7
2-20
Is
'f
4-
7
2-20
4-
7
-------
receipts registered (final)
Is
2-20
Interim
deposit
American deposit
registered
receipts
receipts
(s-a)
for
5%
pfd.
for 5% preferred
4- 7
2Mi%
2-29
7
2-28
4-
2io><v.
—
Ltd., class A (quar.)
7 British Ccluinbia Telephone Co.—
k
6% 2nd preferred <quar.)_
,
1
5-15
56MiC
:
r
7c
4-at
10c
Br,(quair);_k:yk_i.^kiki_k_kki4j-ikik/
American
'■'*
4-17
5-19
75-
30C
Co.
r
preferred A (quar.)
4'A% preferred B (quar.i——
3-31
6- I
5-31
,
50c
i
/
American deposit
t-y;
Upper Michigan Power & Light—
6%
7/
4.-15
1
4-15
iOc
50C
30O
(quar.)
A
Annual
3-28
5-
5-
22'/aC
~
(quar.)7L___—
Interim
20C
(s-a).._
4- 9
77&417'
5c
British-American Tobacco Co.,
$75C
A
(quar.)
Paper
&
Power
Bridgeport
3-28
'
4-9
7 5- 1
7Vi%
,
.! Extra
;
;
——.—__
12'Ac
Corp..
Winding
Universal
Co.
Brothers
(Philip;
Brewers
.
5-31
4-1
preferred
6%
American deposit
50c
6-16
4-15
45c.
83/iC
Porcelain Steel—
Personal
'
(quar.)_
4-36
3-st
Interim
..k"y'!>v'
participating prior preferred
'
Ltd., common (quar.)_
preferred (quar.)
Brazilian Traction Light & Power Co., Ltd.—■
5-24
5-
4-30
-5-15
«
Edison'Co.> (quar.)
4-30
$1.75
4-30
2
•:'**:V r'
$1.30
4-15
C06——
2
6-
4-15
Brantford
A.
5-15
$37c
12-19
6-
$1.50
Boston
8
5-
"{•>-+■-•
i
12-23
-
(initial)
Boston
■
12-10 ■■%'**••
6-23
7.4-) 5
Bdrg (George W.)
4-10
65c
9-21
•
12-23
-V 6-30
4-12
Ami Co., class
Class
4-10
4-10
77 4-12
(E.
1 Blum
1
6-30" i: i 6-23
.9-30.'
■vfs,'$l
—_.——
(resumed;
Ribbon Corp., Ltd., 5%
Bliss
4-15;"'3-a1i>
-
?
37'/2c
Sivalls
Black
,
1
Bon
—
,
.
Ltd, T*7 J •',- '•• J'7^'
for
ordinary
Blltiqore Hats, Ltd., common
V
$1 preferred A
(quar.)
$5c
—
.7
.
6-30
4-
'
Uv-
Co., Ltd.—
Corp.
4
4-15
5-
5e
'
Baystate Corp.
(quar.)
Bell Telephone Co. of Canada (quar.)
Benson & Hedges. $2 conv. pref. (quar.)—
40c
(quar.)
;
••'
,7
Wilcox Co.—_—-----———
Company,
Class
<
4-
3-29
4-10
.
12 '/2c
Bathurst
'
Ltd.—
(quar.)i__
Coal
Bartgis
,
$1
America—
—a
preferred (quar.)—
Bancroft (Joseph) & Sons
Bangor Hydro-Electric Co., com. (quar.)
4-19
4-11
4-15;"'
*
$56 Wo
—
convertible
7%
3-29
1
5-15
5-15
$lMiC
Co.
B
1
1
7%
3-29
1
6-29
•
4-21
10c
convertible preferred (quar.)
convertible preferred (quar.)
7%
*
(quar.)
Welt Co. ;(quar.)
Baltimore
;
6-39
-
—-_k—s--_+——
Baldwin
3-28
3-29
,'of
Electric
4-28
,
,Extra
3-29
"Extra
;
4-15
8c
3-31
.
Light Co.
Co.
United Steel
j
20c
k-"'4c
4-10
Cold Storage Corp.—
S.
88c
-
Backstay
37 V2c
participating preferred.—
S. Air Conditioning, 7% pfd. A <quar.)_
4%
3-31
&
3-27
each six
for
-
;
33V3%
Collieries
Babcock
6-10
4-12
4-« 1 y
f-Oc
.
;
3-25
15c
Corporations,
4-30
75c
y 20c
stock
common
7
7-7
-
v
receipts
4-11
1
7-
50c'
(final)
Ayshire
—
50c
convertible preferred (quar.)
—
Avondale Mills, common (monthly).———
$4.50 preferred (quar.)
4-14
37M2C
(quar.)
•5-
-k
$1
Ccmvertible prior preference
2
4-
4—15.7 k- 4- 1*
*
75l
$2.25
■
Non-cum
•
■
3-31
4-
■
77 $1.25
—
Avco Mfg. Corp., common—
(Formerly known as Aviation Corp.)
4-15
1
40c
Ltd.
United National Corp.—
4-1
5-
",y> $1.25
y
'
4-15
y
56'Ac
quar.)
1;
5
4-15 7-
.
20c
(quar.).^
pfd.
57c
$2c
—
7
2
4-15
•
25c
Loomis-Sayles, Mutual Fund, Inc.__k______
Loomis-Sayles Second Fund, Inc..—kk..
Nashville
3-
'"
4-21
30c
"
k
preferred
Leece-Neville
&
54-
(quar.)..
preferred
Valley Gas Co., 6%
Louisville
5-25
$1.50
Lenox-Water
:
4-15
1
—
Krueger (G.) Brewing Co. (irreg.)
Lamaque Gold Mines, Ltd. (interim):.
Lane
1;
6-
Steel—
common
Custodian
5-
k
4-15
$1
50c
•
,3-ei
;
4-15
._$L?5
Tack
Atlas
4-1
1
7-
k;:4- 4
v'V."; '*); •'•'
—
Corp., (quar.)—.
7 Austin Nichols & Co., Inc.—
25c
Class
United
U.
(accum.)..
convertible
Keystone
3-31
15c
:•
$$1.75
,
4-18
-
$19c
Edison,
.
,4V2%: preferred (quar.)——
;Atlantic City Electric Co.-—
——
,Atlas Plywood Coip. (Quar,)___*;^__w,^.^,_y,_^___
;
4-IO
?
1
5-
Mkb't
f
$2.25 ;
i
—
(quar.)
•
deposit
6- 1
5-31
60C
i1'" '1
(increased)—:
common
3-36
.
l ; 7
$1.75"/ 74-30
■
*
4-10
...
$1.50
5-12
Light—
Structural
6:% ..preferred
2
25c
preferred} (quar.).
Kansas
6-
$1.25
(quar.)-...
(quar.
Power
United
4-7
45-
10c
-
'•
5-1
•
4-15
87V2c
:7^
2»/a%
4-- 4
4-25
7;;:25C# 4-15
25c 7 7 4-30
133/4c
" >'5- 1
4-25
'
$l.ij
common— f
dividend
Registered
k 4--4...
k .,4-15
l.r)C
.
3*21
4-15
6% preferred r(8-a)_—+_kw—»w+.—.-_.— V.y7t..7$3vk
7i7k7$3
preferred; (s-a)—
—
$10c
Argus Corp,, Ltd.^: common-—__—
4'/2% ccnVfertible preference (quar.)—__ $$1.13 V2 k
American
4
4-
>;
4-15
25c
Ltd
Biscuit
Extra
«
4-15
75C
(quar.)
;
—_
3-24
37V2C
(quar.)
:fS3-M
i
Associated Telephone
»
12- «
>4-15
(increased)
Co.,
9-<
.
12-15
25C
'
,
Mills
5
6- *
6-10
-9-15
>;$1.75
k:
(quaj:.)
4-19
1
25C
(quar.)
California (quar.)_;
Sulphur, Co. (quar.i__
United
4-25
4-25
,
'
22'Ac
(quar.)
(stock dividend)—
of
Gas
Oil
Union
6-23
7'Ac
(quar.)
Knitting Mills, common
preferred
•'Jersey* Central.
4?A
Corp.
(quar.)..—
Co.
1*
5-. 1*
6-23
.
(quar.)....
Utilities
.International
; James1 Mffe.
5-
.,
.
.
>
'3-26
2%
Co.—
—__
55c conv. pfd.
Glass
5-
5-15
;
'
.
.$3.26
(quar.)
4-15
4-
'
,
3-33.
$l.l2Va
•
—
4-15
'
1
1.
Taylor Colquitt Co. (quar.)
Teck Hughes Gold Mines, Ltd.
(interim) __
Texas Hydro-Electric Corp.—
$3.50 preferred (accum.)—k-
4-15
1
5%
—
International Resistance
'
1
4-
1
55-
<
Y.)—
(N,
(quar,)
Associated Electric Industries,
15c
held.
Oils,
Taunton
.Union
__kk___
(final)
Borrus
5*
Sunset
4-15
5r20
Y
15c
5-
$1.75
- New
common
(initial)—_————.
Art-Craft Briar Pipe Corp., 35c pfd. (quar.)
i'50c
—
Gaa Light
share
One
'4-15
50c
(quar.)
$1
,
25c
;
(quar.)_____—
Telegraph (quar.)
Cable
&
Co.
Cotton
Stock
6-13
#
4-15
"
(quar.)
6-13
1
4-15
.
4-15
97V2C
$3 pfd.- (partic.)j
/Arkansas-Missouri :Powct—
4-21
1
4-15
.
■5-1
ZlViC^
(s-a)
Common
5-23
7-
(quar.)
(quar.)
(quar.)
preferred
California
Stanley Works
3-28
1
6-15
7-
4-14*
1
5-1
.
1
3-31
4-25
2C
.
4-21
$1.25
5-'
10c
: 3oc
7/ .6%
2
4-
.
,
;
4-11
;;4
,
:
,15c
(This cash dividend will fee paid on new
common *s well as on the old stock)
preferred (s-a)
CO.kk_-k..%.k--ii.it---+A
Zinc
class A
shares
4-25
7«;
1
774k
4-15
_________
Co..
••Common
4-10."
$1.75
—
—
4-15
5-
:
5-' 1:7k
75c
5^2
4-
•
$1
5;
50c
...
5-15
20c
74fl5
1
'
4-25
,
'
1
5-
-
«quar.)_
Standard Chemical Co., Ltd
5-9
50c
...
Arcade
,
Ltd.
Co.,
4-15
(irreg.)
1
5-
50c
Extra
4-15
1
-
4-15
rAnglo-Canadian Telephone—
t
AV2 %; preferred
(quar.) __________
Angostura Wupperman Corp. (special)——
1
(J.
-'$$4
$1.12'A
Lighting & Power, $4 pfd. (quar.).
Corp.
Huyler's, $2 paitic. 1st preferred (s-a)_.._
'
Stores,
Southam
(quar.)...
4-15
50c
Hungerfordi Co.—
New common (initial quar.)
4-10
3-31
5-
"
v
41%C
.
(quar.)——
6% preferred (quar.).
participating
$1.50
5-15
10c
4-
Wire
Hccking
Augerman
4-11
4-15
,
City Stock Yards Co., common
Sioux
5-15
—
Moving
$1
-
6-16
4-30
Houston
-
6-16
5-. 1
25c
'
'quar.)
Shippers Car Line Corp., 4% pfd. (quar.)__
Simplex Paper Corp. (irreg)
4-12
'
90c
■*
preferred
preferred
Anchor
"4-5
•
4-15
5oc
____—
(quar.) ___k^kk-kw^-«kk-ik^'
Smelting & Refining,
•Anaconda
3-26
7 -
4-
(quar.)
.
Rolling Mill,
1st
$4.25
'
7; $1
7*
7*
3-31
^
15c
$1.75:
$5 prior preferred (quar.)
Amoskeag Company, common (s-a)
i
4- 5
,
4-
4-
4-28
4-10
k
7%. preferred
American Zinc Lead & Smelting—
4-21
.4-
4-21
10c
preferred
Smith
+-
Ltd
Co.
Powder, 5%
)
4-22
7%
7
$50c
(quar.)
Co.,
Hercules
Holyoke
4-
1
50c
Inc.
Bros.,
$$1.50
Hamilton
•i
4-21
$1
••
of America,
Hercules
I
4
$1.25
y, Extra
y
4
4-
25c
Quarterly
Corp
4-
4-21
25c
(quar.)
Co.
4-21
7%
."#5- 1
4-10
$62'/2C
Sharp & Dohme $3.50 conv. pref. A (quar.)
Sheraton Corp. of America—
Sherwin-Williams Co. of Canada, Ltd.—
7
20c
Guarantee Co. of North America (Montreal)
Hat
3-31
1
20c
....
4#
4-
4-
5-
:
preferred
preferred
American Woolen
'
—•
(quar.)_k-_+.^+—_r—
Foods
(monthly)
American Telephone &
1
'
Fine
Products
preferred
American
2-5-38
1
■a
$2.50
25c 7
United Corp.,
Schaffer
3-31
4-17
50c
<6-
5c
W.
&
Sanger
4-15
1
4-15
$2
Giddings & Lewis Machine Tool (quar.)
Goodyear Tire & Rubber, common (quar.)_
$5
convertible
preferred (quar.)_+__i
Goodyear Tire & Rubber Co. of Canada,
Ltd.,
5-
4c
(quar.)
Depot Co, (s-a)
Inc. com
Gardner-Denver
S.
4-19
10c
Co.
Union
Gamblc-Skogmo,
Class
Fund
$1.50
.)
92'^c
5-1
4-28
Vy'"'?^"7
-y
(quar.)
American- Service Co.,
5
5-
3-20
J.4-W
:
5UC
_—
1
lk_k
Insurance Co.
Fifth. Avenue
Samson
(quar.)
8-
.6-1"
4-15
$1.12 va
Co.—
Hoe
4'/2% pfd.
American Safety Razor
(quar.)__
American
Seal-Kap Corp. (s-a)
11- 5
:
25c 2-15-48
Mfg.
Russeks
4-29 ■■•*■'> 4-19
<
I 4-29v-
$l.O0'/4
*8-15
•
7%
7%
5
5-
n.
11-15
>
$1.10
Roper (Geo, p,) Corp,.(quar.)>yv+__W-+f.
Russ Building Co., 6% preferred (accum.)._
;
37'Ac
-
_
(quar.)
25C rb
Quarterly
•
&
Home
American
12-15
5-15
;
25c
..
'
-
9-15
1-1-48,
/
25c
Extra
l<i '^ 9-16
...y...
^—
preferred
Mutual
Pitt
'Fort
1
convertible
prior
First
■7 Fcit
-
Department Stores, I»k.—
50c
25c
5c
'Rochester-American
6-16
6%
>
Risdon
Fork
preferred
3.90%
6-14
'
4-10
..
„
Hydraulics, Inc. (monthly) ——
American Light & Traction, common (quar.)
6%
preferred (quar.)—
American Machine & Foundry—
/„ J k 7 7
•
preferredf(monthly)—
$2 preferred (quar.) _______
Richmond Insurance Co. (N. Y.)
4-15*
1
_w—_-._k—kk-
4'A%
3-31
1
I
4-
5-1
50c
<;
1
4-33
1
4-15
—
(quar.)—
American News Co,
(bi-monthly)
American Paper Goods Co., 7% pfd.
4
,
6-
20c
62'/2C
(quar.)
3-25
7-
$25c
12 V2C
(quar.)—
Co.
4-20
10-
3-20
7 American
5-7
50C
4-10
4-21
;
American
4-11
50C
1
4-15
75c
(quar,)__
6-. 1.
___
Ltd.—
Redeemable preferred (quar.)
Purolator Products,
Inc
Raymond Concrete Pile—.
; Common • (increased quar,)
$3 preferred
(quar.)
Real Silk Hosiery Mills, common.
b'/o prior preferred (quar.)—
7% preferred (quar.)
4-14
7-
4'A%
«:)
4-25
5-
Fibreboard
:
4-16
4-15
1
Co.
7-
9-16
2'/2c
Fidelity & Casualty Co. (quar.)__
Fidelity Co. (Montpelier Vt.)—
77
Quarterly .____—u—kv;
4-18
4-19
:
6
10-. 1
American
7
1
a
8
4-
$$2.50
—
.k'47;T:>
Co.__——i—_——,—
Rhode Island Public Service,
4-10
4-30
$1.50
*
y
4-25
$2.50
Common
;
5-
(irreg.)_—__i
•.'Federated
■-:?
4-15
Farmers & Traders Life Insurance Co. (Syracuse, N.
Y.)
(quar.)—-.——
Quaiterly
'
4-15
4-19
18c
——
.•Eureka(Pipe
1
25c
MiHtvork Corp. (initial quar.)
Group Associates (quar.).
i Esquire, Inc.
'k
1
5-
5-1
25c
Empire
;* Employers
; r
5-
17c
65c
& Supply Co.
(quar.)
Co., class A (quar.)
^Electric Furnace
preferred
$1.50
(quar.)—_
4-
4-15
American
4-28
58»/3C
5%
4-15
4-15
Distilling
Purity Flour Mills,
4-1.0
4-16
*
Book
Extra
4-21
5-
4-25
10c
(quar.)
31'/4c
—
v
Fabrics, Ltd.,
1st
$2
2c
(quar.)-..—
•
American
American
#73-27
1
4
25c
$2.50
Insurance
1
6-15
preferrc-d (monthly) ..a——
preferred
,(monthly)
3-15
1
4-21.
Alliance
4-15
4-30
$1.25
4>30—* 4--4
4-
4-
American
5
4-30
Light, $5 preferred (quar.)
Potomac Edison Co., 3.60% preferred (quar.)
Prentice (G. E.r Mfg. Co. (initial quar.)
Public Service Co. ol Colorado—
'
7%
Gas
4-15
1
4-
&
4-15
4-15
4-
held—
Co., com.
k'_—
Fuel
Pocahontas
3-14
25c
4-
4-21
4-
—
4%
preferred (quar.)
Amalgamated Leather Cos., com. (irreg.) ___
Amalgamated Sugar Co., 5% pfd. (quar.)„
40c
$1
,3-14
25c;
5c
'
4-29
3-31
$1.50
—
4-19
>
40c
<
4-18
J.-31
•
4-15
5-
k
Poitland Gas
5-15
$1.50 ;;
,
Light Co.—————
6%' conv, pfa. 1 quar.)—
rDavidsoii-Boutell,
k:?De' Vilbfss
20c
$1.50
(quar.)——
1
4-10
4-15
Stores
American
(quar.)
*
5-1
5-
5-1
'
32'/2C
-
3-12
,
,
.
Corporate
5-14
1
4-15
$1.62 Mi
-
»
4-10
1
4-21
Youngstown RR.—
.
preferred (quar.)
———_
$1 preferred (quar.)
J-i—a.—
7 $1
preferred (quar.)^—
—
7, $1
preferred .(quar.)__——_—____—_
Pennsylvania Electric Co.—.'
- '
,
4 AO%T preferred B Hquar.)
3.70%V preferred C (quar.)
Perkins Machine & Gear.——;
Philadelphia & Trenton RR. Co. (quar.) —
Piedmont & Northern Ry, Co.
(quar.)
3-24
4-
—
3-31
5-
4-30;
Co
share
■Common
6-2
Royalties, 6% pfd. (quar.)15c
pi-eierredMs-a)_
5Cc
Textile Mills, Ltd.—
"W*5% preferred' (s-a)k
'
7
$50c
.Cooper MPeter) ' Corp.,' 6'/i% pfd. (quer.)
$1.62Mt
*7 Corn Exchange Eank & Trust (N. Y.)—
;kv: Quarterly-k__—_———
75c
;
k
.:.
(quar.)
*'
4-
Consolidated
'm
5-15
25c
25c
4-15
Oil
Penn
3-10
5c
50c
<
Corp. (increased quar.)—
Aluminum Co. of Canada, Ltd.— .7
■.
Telephone
,3-25
1
$3.50
——
All
Allied
$1.25
Peninsular
5-
(quar.)
3-31
12'/2C
7 Common
37'Ac
Consolidated Dry Goods Co., common (quar.)
% 7-1' 7%.
3-31
>
3-31
4-15
$1.75
Meg.
f yeach
&
preferred (s-a)
Algoma Steel Corp., 5 'Jo
Cement—
&
Canton
4-10
^
pfd.
Inc.,
5%
.
4-19
6-2
15c
$1.50
Connecticut* River'
8
4-15
$1.25
—_k_—
(quar.)
Co., 6% .pfd. (quar.).—
Company, 5% preferred (quar.)__
Penick & Ford, Ltd. (stock dividend).
y
One additional share of common stock for
Paulsboro
4-1
5-15
3-31
50c
Pearson
4-10
4-15
•
4- 0
20c
1st preferred (quar.)
Mfg. Co. (quar.)
Davis
Parke
4-14
4-20
'
v
_
common—
Service—
Public
$1.30
Pacolet
4-15
5-1
Coast
77
4-1
5-15
-
,
P! Cincinnati
(quar.).
preferred-(accum.)
6'/a 'to
Padiiic
4-10
$1.12VSs
4 V2 %
U4
3-23
Corp., com._
4-
»•
/
——
Poitland
5-
4-15
H older e
Payable 0/ Reft.
50c
——
S2 non-cum. conv.
Air Roduction Co.
Oquar.>
—;
Air-Way Electric Appliance Corp
5-8
6-1
Investors,
Share
«
,
(increased)
Corp.
—
Air
9c
15c
Co
(quar.).
5% preferred
Co.,
4-15
6-6
.
' '
•;
Addressograph-Multigraph
Affiliated Fund, Inc.
4-18
1
5-
;7;:547X7
When
rer
77/ ' Name 0J Company
•
3-28
4-1
•
&
Company
Pacific
3-28
1
37'/2c
113c
--
preferred (quar.)
Central Kansas Power- Co„,~43/4% pfd. (quar.)
-
25c
Outlet
4-10
.
Co.,
Shoe
preferred
5%
Oberman
$$1.12Va
__
(quar.)—-
4-19
lc
._}
-
Engineering
Nunn-Bush
5-30
5-30
•
4-16
25c
-
—
$7 prior pfd.
Gas Co.,
Penn
Northwest
4-10
7- 1
7- 1
1
-20c
.
(quar.)—..
A
Class
3
A. 4-
1
v/u.
Woisted Mills
Merchandise Co.-;—
North American Acceptance Corp. (Pa.) —
4-10
i. ' 150c
5-
25C
•>
4-16
y-7y-y-yoy :y,
preceding table,
5-1
20C
,:7n7
3-12
1
4-15
Akron
.
1
5-
3-22
1
4-15
—
1
4-
,50c
/•
give the dividends announced in previous
we
.
bond series..
luuA
3-25
4-15
1
5-
$1.06
Jersey
New
1
5-
1
>
15C
4-16
5-
75c
;
weeks and not yet paid. The list does not include divi¬
dends announced this week, these being given in the
2
4-
4-
5C
Nation ax
5-15
t$1.50
(quar.).^
preferred !initial)
Records, $2.60 preferred
Capitol
.
,7
___—
.,7';,ku-
4-30
1
5-
3-31
25c;
V4-
20C
_____
(quar.)
3-25
$1.50
—_
Canada
4'/2%
1
4-
31c
(quar.;
(quar.)
(quar.)
(quar,).
3-31
$$3.50
(accum.)
Corp., $3 preferred (accum.) —
County Gas Co. (quar,)——_———1__
Below
4-11
7 4-11
!
!7v 5-7177
25C
preferred
1st
1
4-
4-15
$1.12'A
(quar.)
Ltd.—■
4-15
;
5
$1.10
$2
pfd.
4-15
•
4-15
4-
25C
4-30
$1.25
(quar.)
preferred
preferred
Co.
25c
(quar.)
Stiaus-Duparquet
Low-priced
4-
5-20
1
5-1
25c
2
4-16
16c
preferred
$1.25
Mig.,
Byron
5%
Products
Katioaal Securities Series—«
kf-;Bond scries
,
4- 8
20c
•
1
5-
Co,.
Cement
_
4-15
50%
(quar.)_„
:
Mills,
Biscuit,
Butler
(stock dividend)
& Co.
Corp.
__
4-30
120c
__—
5-
25c
25C
National Cylinder Gas Co., common (quar.)_
4'/4.%
preferred (quar.)
National Department Stores Corp. (t[uar.)_
3-21
4-25
1
$15c
(quar.)
5-
y
1
25C
Nathan
fop Brewing Co., Ltd.—
Class
class A
5-
—k.k_kk-++-,k-ky+-.v+---.+k
National Cnemicat-& Mfg. .Co.
J
7%
& St. Louis Railway Co
Shipping Co. (quar.).;
Monongahela Power, 4.4% preferred (quar.)
Morris & Essex Extension RR. (s-a)._______
Muniring Paper, 5% 1st preferied (quar.)__
4-16
3-25
York
.
Mississippi
'
Inc._
.
Minneapolis
*
Bloomingdale
.
(quar.)____k--'-k__—-y..77;:7
Co.
Portland
Medusa
Middlesex
(quar.)
Associates—
4'A%
James,
V/oodmont
4-15
4-15
Wood.
7.4- 3
Payable oj Rec.
5c
—
Electric,
Alexander &
3-20
3-31
10c
McLellan Stores
Extra ;
4-11
4-114-18
$$1.37Va
$5c
17 Vic
(quar.)
Rubber Co.
3-2»
<
a
5Mt%
Aunor Gold Mines, Ltd.
77"'
Share
:„•
___7
Corp.
Wisconsin Gas &
lor
McCabe Grain Co., Ltd.,
4-2J
>
5- 1
5-1
5- 1
933/»c
'
receipts
of Company
Whiting
A9
Holdtre
When
Per
Name
Payable oj Rec.
participating preferred (quar.) _.w.— 7;:, 62'/2c
75c
Maytag Co., $3 preferred (quar.)^.._._„„_ ;:7,7l
SU
l.t preferred
$1.50
(quar.)
5- 6
*
$1
(quar.)
Ltd.r American deposit
ordinary registered
Massachusetts Utilities
,
5-10
4-1
'
■,
convertible preferred A
3.75%
Share
yy
,
5%
;#■
-
.
y
Marine. Communica¬
International
tions,
A'fe
7
•,
,
1
4%
"...
6- 2
$1.50
-
Name 0) Company
Holder«
When
Per
,
Marconi
J1-"'
4Mj%
*
Holder*
Payable oJ Rec.
Share
y
Atchison
Atlantic
(1905)
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4583
165
British Columbia Power,
Bristol-Myers Co., 33/4%_
Bronx County Trust Co.
preferred (quar.)__
(s-a)
Brooklyn Union Gas Co. (quar.)
Brown Shoe Co., $3.60 preferred
Buckeye Steel Castings common-:
6%
preferred (quar.)—..
$40c
■;
4-15
3-31
1
4-16
5-
$$1.50
4-15
933/iC
V
50c
4-
».,
4-15
4-
1?
1
4-
1
40c
(quar.) —
——
5-
90c
4-30
4-15
5-
1
4-17
5-
1
4-17
•' 25c
$1.50
.
■
50
*
When
Name of Company
Bullock's Inc.
4%
(Los
preferred
Shar*
Angeles)—
Dentist's
4%%
preferred
25c
6-
2
4-30
7ft
$1.12%
6-
2
4-30
Deiroic
$1.75
(quar.)
Common
$1.50
5-
1
4-15
80c
;
quar.)
preferred
2nd
(quar.)
Mills. Ltd.—
(increased
1st
__
pfd.
(quar.)
California-Oregon Power
Common
(increased)
5-10
$15c
137c
5-10
preferred
preferred
5ft
preferred
50c
4-21
3-31
Detroit
Di
(quar.)..
$1.75
4-15
3-31
preferred
(quar.).............
$1.50
4-$5
3-31
$1.50
37%c
4-15
3-31
5-15
4-30
62 %c
5-15
4-30
5-
Gfo preferred (1927 series)
Corp.,
(quar.)
(quar.).
common
5%
preferred (quar.)
Insurance Associates (s-a)
Canada Iron Foundries, Ltd., common
:
6% non-cum. preferred (s-a)
Camden Fire
'
3-31
130c
4-15
3-31
$l5c
t$1.75
4-25
3-20
4-15
3-20
$$1.75
4-15
4-
120c
(quar.)
$ 25c
Canadian Fairbanks-Morse,
Canadian
Foreign
Quarterly
0%
3-26
$$1.50
4-15
3-31
(quar.)
Corp.,
Investment,
quarterly
Ltd.—
7- 1
5-31
Canadian
4-15
3-31
3-31
Dominion
4-30
3-31
Donnacona
t$1.75
Investors
Corp.
Canadian Oil Cos., Ltd.,
Vickers. Ltd.,
4-15
3-14
$i0c
5- 1
4-
5-15
5-
preferred (quar.)
Dow Chemical Co., common (quar.)
$4 preferred A
(quar.)
Dryden Paper Co., Ltd
(quar.)
(quar.)
common
$20c
1% pfd. (accum.)__
Western
Lumber
Western
Natural
$$1.75
1
5-
1
(initial)
Canadian
5-
$i2c
Canadian
7
1
4-10
.
Power
Preferred
(quar.)
Power
37%c
1
5-15
Dv/ight
9-
1
8-15
Easley
37%c
Light,
6-
12-
1
11-15
50c
5-
1
4-10
common
Carrier
Corp., 4% preferred (quar.)
Celotex Corp., common (quar.)__
5%
preferred (quar.).
___i_______
Associates
4y2%
Products,
Corp.
prior preference
Chase
Candy ,'Co.,
Chase
National
Chasers, Inc.
4-15
4-
25c
4-30
4-
4-30
4-
8
37y2c
4-15
3-31
6-
1
5-12
15c
4-10
3-20
15c
4-10
4-
common
40c
(quar.)
5-
Chlckasha Cotton Oil Co.
A
City Title
~
Co.
Industries, Inc.
Monthly
Monthly
Monthly
Monthly
Monthly
;_
Monthly
Monthly
Monthly
$1.25
9- 2
7-
1
30c
5-
1
30c
5-
1
150
4-21
4-15
Fabricon
5-15
Falstatf
7-
6-14
Fashion
20c
8-
7-15
9-
8-15
20c
10-
9-15
20c
11-
10-15
20c
20c
1-1-48
$1.75
4-15
4-
$25c
6-
2
5- 3
12-
1
Z
Alcohols,
&
preferred
3-31
4-15
3-28
Firestone
5-
♦First
Life
$5c
4-15
3-31
4-15
3-31
7ft
preferred
5-
4-
7ft
preierred
Assn.
Conlon-Moore Corp.
Consolidated Car Heating Co.
8
3-25
8
3-28
$1.50
5-15
4-30
$$1.50
t$lt50
6-15
6-10
Four-Twelve
9-15
9-10
Franklin
$5
4-15
3-
Fiaser
Class
1
Dearborn Corp.
Consolidated Edison Co. of N.
of
Ltd.,
Canada,
^Consolidated Grocers Corp.,
4-15
3-31
18%c
5-
1
4-15
5-
1
4-
Consolidated
Consolidated
Consolidated
Natural
Gas
Royalty
Textile
Oil
Sixth
West
Co.,
Telegraph
Companies,
Co., 4'ftft
preferred (quar.)
(quar.)
4'ftft
pfd.
(Louis)
Realty
Froedtert
Converse Rubber, 5ft 1st preferred
Second preferred (quar.)
Copeland
Refrigeration
Products
7 ft
Corp.
(quar.)_
series
Corp.
Cosden
Creamery
Crown
Drug
Co.
Co.
preferred
Company,
1
General
Mills,
General
4-
4-
1
4-
1
6ft
$3.75
4-15
5-10
4-
4-10
ft
:
4
$175
$1.25
4-
$4
/ 7- 1
7-
1
1
(quar.)
;
Steel
2
Class
2
Class
B
5-
4-19
Gerity-Michigan
5-
Gerrard
$4.50 partic. pfd.
common
(qttar.)
preferred
,___
_
Gibson
25c
4-21
4-
4-15
3-31
Gillespie
4-15
3-31
pfd.
(o.uar.)_
5
4-30
4-15
4-15
4-15
3-31
4-15
3-31
5-
1
4-15
5- 1
4-18
4-15
3-31
4-25
3-14
5-24
5-10
4-15
4-
,12%c
4-15
4-
1
4-
1
Gimbel
4-10
$4.50
4-25
5-
1
4-15
4-25
4-10
4-10
\
43c
9-30
$1.25
12-30
5ft
Co.,
pfd.
(quar.)
(accum.)
(accum.)
Co.__
RR.
9-20 ;
3-31
8
62%C
1
4-
5-
1
4-10
$1.50
5-
1
4-10
18c
5-
1
25C
__
5-
$1.50
—
ft
12-20
4-10
50c
conv.
4-30
—
4-10,
,
3-27'•
.ft.
5-
5CC
4-15!
1
4- 2
35c
4-15
$1.50
4-15
75c
Powders, Ltd.—
4-15
$37 %C
4-15
3-15
$37%C
4-15
3-16
ft 3-19
3-19
)
*i
—
pfd.
...
1
——
(quar.)_
shares
3-15
4-15
V $1
4-15
•
r
3-31
>•
5-
1
4- 1
5-
1
4-
3-25
$75c
4-15
3-15
10c
4-15
3-31
3-31
12c
4-21
30c
6-
2
30c
9-
2
30c
Inc. (irreg.)—
Manufacturing Co. (quar.)—
Fireman
12-
I
11 —10"
4-30
4-15
—_
——
—
—
5ft
Lj,
(F.
1
,50c
4-15
—
—
—
62 %c
5-10
9-
9
$1.06%
5-
1
4-17
87 %C
5-
1
4-11
$1
5-
1
4-14
4-
7
50c
3-6
1
$1.50
4-15
4-
$17c
4-15
3-18
Battery
5C
5-15
5-
non-cum.
$1
4-15
3-31
W.
5
'
Class
4-10*
$1.25
Advertising,
(quar.)
5-
1
4-7
Lees
5-
1
4-7
Corp.
1
3-31
& Sons Co.—
preferred (quar.)
Lefcourt Realty Corp., prior pfd.
Lehigh Valley Coal Corp.—
5-21
5-15
5-
1
37%c
5-15
5-
1
6-
1
5-15
6-
1
5-15
G%
A.),
(quar.)
Die
Casting
F.)
&
5-
1
3-31
1
3-31
Lerner
.5_, 1
3-31
$1.50
5-15
4-10
$20c
4 %
convertible
Stores Corp.,
Co
Lexington Telephone Co..
9-15
Liberty
7-
1
10-
1
4-30
1
1
4-1
62%c
4-25
4-
50c
4-25
4-10
7
$1.12%
4-25
4-10
25c
4-15
4-
$40c
.'.
35c
* ,1c
5
Lincoln National
1
7-15
$1.75
11-
1
10-15
15c
4-
7
3-24
$3
5-
1
4-15
4-30
25c
5-15
5-
5
25c
8-15
8-
5
25C
11-15
11-
5
50c
4-15
.
3-31
4-15
3-31
$75C
6-11
6-
9-11
9-
12-11
12-
4
4-10
4-
2
50c
5-
1
4-15*
(quar.)
—
5-
1
4-15
37 %c
4-15
4-
4-19
4-
4-19
:s 4-
4-19
4-
$3
,
'
•
4-
4
4
7
3-28
ft'4-15
3-25
1
ft 4-19
'4-30
37 %C
(quar.)
4
7
3-30
5-
$1.12%
$25C
ft
7-31
6-30
10-31
9-j30
1-31-48
12-31
50c
$1.30
4-15
3-31
12 %C
5-
1
4-19
5-
1
ft 4-25
Life Insurance Co. (Ind.)--
.
Printing
A
Class
5ft
Co.,
common
Oil
4-15
3-24
Lion
5-
1
4-15
Lit
4-15
3-15
Loblaw
8-
1
Co.
Brothers,
7-26
10-25
ft:ft
4-14
—
Inc.
(accum.)
(quar.)—
4-14
4-10
3-31
4-10
3-31
$1.25
(Del.)
5"1
37 %C
(quar.)
(quar.)
6ft preferred
Groceterias,
1
87 %C
—
& Telegraph
4-10
3-31
—
(quar.)
Co.
5-
75c
(quar.)
preferred (quar.)
Link-Belt
ft 11- 1
25c
(quar.)
B
;
25c
"
preferred
Class
f
25c
—
Lincoln Telephone
ft-
5.2ft pfd. (quar.)_
preferred (quar.)_
25c
$3.50
4-15
5-
Corp.,
Lincoln
4-16
5-
Loan
Quarterly
Quarterly
Quarterly
3-31
5-27
ioc
(quar.)
-
9-15
$1.25
(quar.)
Gladding McBean & Co
Golden State Co., Ltd., common
Gotham Hosiery Co.
(quar.)
6-14
I
15c
(quar.)_
8-
t25c
1
5-30
$1.75
Quarterly
7-
4-15
1
$25c
10-
15c
1
5-
$25c
4-3
25c
__
9-15
10-
—
—
15c
(irreg.)
G-16
$1.50
(quar.)
15c
Co.
1
$1.75
5Cc
(quar.)
ft
Brothers, Ltd.
Quarterly —,—
1
6-14
7-
7%C
preferred
common
5-
~
$1.50
6-23
t75c
4-17
•
9-22
12-22
30C
15c
(quar.)
(s-a)
Inc., common
preferred
(quar.)
Mines
5-15
9-29
12-29
Corporation
Lewis
$$1.25
1
$1.21%
2nd preferred
non-cum.
5-
Co. (quar.)
Co._____
Bros.,
Gi;andview
50c non-cum.
Lehman
$1.50
$1.37%
3-28
1st preferred
non-cum.
i5C
preferred
Refrigerator
(E.
$3
$1
preferred
3-31
5-
6-27
(James)
6-12
(quar.)
4-25
tic
$1.12%
$1.12%
$75C
—
3.85ft
25c
quar.)
7ft
convertible
7ft
20c
(increased
Ltd.,
Langley's
$1.50
common
(quar.)
$3c
5ft?
$3
1?
f4-2T
4-15
96 %C
5-
6c
_
*
4-30
5Cc
93%c
(irreg.)
*•
7
4-30
(quar.)
B
37'/2c
25c
4-
15C
$1.25
$1.50
(quar.)
preferred
(quar.)
Utilities. 6ft pfd.
conv. pref. (accum.)
preference (accum.)
7%
convertible preference
(accum.)
La Salle Extension University (quar.)
Lee Rubber & Tire Corp. (quar.)-
pfd. A (s-a)
Safety Razor, $5 preferred
Common
(increased
quar.)
4-15
4-25
4-30
15c
Gillette
•
5-15
(quar.)_
<S.
$1.12%
A (quar.)
:
933/4C
Brothers, Inc.
ioc
Davis-Rocenblum Corp. (initial
quar.)ZI"II
10c
Dayton Rubber Co., common
___;
;_
30c
(Formerly known as Dayton Rubber Mfg. Co.)
$2 class A (quar.)
50C
_____
1
$1.12%
25c
Davideon
1
3-29
5-1
8- 1
8-15
B
4-
5-15
4-25
25c
Brewing Co., class A
A
(quar.)
(quar.)
V Class
4-15
25c
4-15
3-29
I
4-25
Castings
4-
87'ftc
5-
12 %c
convertible
4-15
ft
...
3-31
50c
(Boston)
Service, $6
preferred
(quar.)
preferred
(quar.)_
Genesee
6-18
6-18
4-15
5c
Corp., com.
30c
common
Z
$1.25
(quar.)__
(quar.)
Kerr-Addison Gold Mines, Ltd.
(interim)
Kirkland Lake Gold Mines, Ltd. (s-a)
Kroehier Mfg. Co., 4%ft preferred A (quar.)
4%ft
preferred A
(quar.)
4 % ft
preferred A (quar.)
Kroger Co., 6ft 1st preferred (quar.)
6%
1st preferred
(quar.)
7ft 2nd preferred (quar.)
7ft
2nd preferred
(quar.)—
7%
2nd preferred (quar.)
Lakey Foundry & Machine
Lamaton (M. H.), Inc., $6 preferred (s-a) —
Landis Machine Co.,
(quar.)
Quarterly
Quarterly
Langendorf United Bakeries, Inc.—
$2 class A (quar.)
3-31
10c
Corp.—
preferred (accum.)
General Steel Wares, Ltd., common
(quar.)
5ft
preferred (quar.)_
$6
ft
'J
6-20
—
1
40c
Public
General
6-13
4-15
|
6-30
(quar.)
(quar.)
B
5ft
4-22
(quar.)
$5.50
4-15
ft
10-
(irreg.)
5ft
Trust
Plywood
General
4-11*
4-25
6-30
3qc
5-1
Associated
Common
6-16
9-15
Extra
3-31
5-29
5-15
ta%c
10c
Paint
General
3-21
6-
$2
*
Outdoor
preferred
General
1
4-16
56 %C
Kentucky
55c
Motors, $5 preferred
preferred
(quar.)
General
4-15
3-17
4-18
1
$50c
Inc._.
$l,12Va
(quar.)
Cunningham Drug Stores, Inc. (quar.)_,
Curtis Candy, $4.50 partic.
pfd, (quar.)___
Curtiss Candy Co.,
4-
Investors
4-25
7
3-25
1
Co. (quar.)
City Southern Railway—
preierred
Kellogg Switchboard & Supply-
3-29
7-
Co
General
1
10c
-
Press, Inc.,
4-10
; v40c
__
(s-a)
_
3'ftft
4-
50c
(quar.)
Co
Forster, 8ft preferred (quar,)_
Common (quar.)
.Cuban-American
Sugar—
7ft
preferred
(quar.)
Cuban Atlantic
Sugar, 5ft pfd. (quar.)__I
Cuclaliy Packing Co., common (quar.)
preferred
6-16
$1.25
&
4'ftft
6-16
1
General Finance Corp.,
Common
(quar.)
10c
$131%
(accum.)-
Corp.
General Electric
4-10
17'ftc
pfd.
Capital
3-29
75c
•
"
(quar.)_^
Corp., 5ft
Mfg.
General
'
4-19
$1.25
common.
convertible
Co
1
f
preferred
(initial quar.)
Package
3-29
20c
(irreg.)
common____.
A
Crown Cork & Seal
4-10
4-10;
•
(quar.)
Petroleum
4-10
25c
Cornell-Dubilier Electric—
$5.25
4-25
Co., 5ft
General
Baking
1
$1.75
Refining,
preferred
Gabriel
ftft,7-
3-20
4-10
5-
25c
,t$1.75
K.
10c
4-15
$113
____
3-31*
4-10
7%C
Quarterly
$8
Corp.
5-15
7-
4-19
Quarterly
4-10
$1.13
3-31 *
4-15
(quar.)
Joplin Water Works, 6ft preferred (quar.)_
Journal Publishing Co. of Ottawa, Ltd.—
5-20
$$l
15c
,
■
(quar.)_
4-11
(quar.)
conv. preferred (quar.)
4'A ft preferred (quar.)
3%ft preferred (quar.)
Johnson & Johnson, 4ft 2nd pfd. (quar.)
Jones & Laughlin Steel, common..
$35c
Co. (s-a)
Ltd. (quar.)
gc
Inc.
Gin
1
4-15
Co., Inc.—
Jewel Tea Company,
8-20
11-20
3-29
$25c
Co
$1
Extra
Continental
5-
$1.25
Motors
Terminal
Jacobs
I
1
9-
37%c
prior preferred (quar.)
Co. of Canada, Ltd. (quar.)
(quar.)
4-25
Co
1
Products
Food
Power
Quarterly
Quarterly
Corp.—
Grain & Malting,
$2.20 preferred (qilar.)
Fyr-Fyter, class A (quar.)
Class
B
(irreg.)
:
(increased)
'ft-
5-15
5-
4-10 ft
4-18
Investors Mutual,
6- 1
12-
37%c
B
25c
(quar.) r
common
class A__
prior preferred
Friedman
-
(quar.)
4-10
12%C
Bronze
-Iron
3-31
17 %c
17%c
10c
preferred
4-15
17%c
(quar.)
Extra
$1.25
Consolidated
pfd.
6ft
changed
$1
'
5-15
1
93%c
pfd. dividend arrears ctfs.
pfd. dividend arrears ctfs.
4ft
Foundation
-
4-15
45C
(quar.)
Investment
estimated.
6ft
(quar.)
(quar.)
Y., Inc.—
4-21
$25c
4-
4-
_
1
50c
preferred (quar.)——.
preferred ($5) (quar.)
Hosiery Mills (increased quar.)—
Investment Foundation, Ltd.—
6ft convertible pref. (quar.)
——
Investors Management Fund, Inc,—
3-31
4- 5
4c
is
(quar.)
(quar.)
Co.
Foster-Wheeler
(quar.)
Name
$1
above
7ft
Stores,
Motor
$1.55
to
3%%
Fitzsimmons
4
A.
____
3-31
5-
Kansas
—
(Toronto)
Corp., preferredMerged with Moore Corp.
Dana
1
4-
4-25
7ft
4-15
Fund
shown
0,mount
♦The
Ford
Quarterly
Cuneo
Trust
Mutual
4-15
lc
7ft
3-20
3-18
$1
■
—
Interstate
4-10
4-15
I
3-26
International Nickel Co. of Canada, Ltd.—
(San Francisco)—
Rubber
&
4-24
Conlon
Crum
Tire
$3
(New Hampshire)
(accum.)
5-
1
4-15
4-15
5-
$15C
International Milling Co., 4ft
75c
9
~
S.
$1.50
4-
1
25c
Johns-Manville,
(quar,),
4-15
4-15
$1.25
(quar.)
(Interim)
8-12
4-15
4-25
4-25
12 %C
participating preferred (quar.)
International Harvester Co. (increased quar,)
3-31
3-31
$1.75
4-25
5-15
25C
6ft
4-15
7-15
10-15
4-15
4-15
50c
5-15
$1
Y.)
Material
International
Co.—
Quarterly,
4-10
35c
Corp.—
Dyeing
9
30c
(N.
Co.
preferred
preferred
preferred
Class
5-15
$1.50
—_—
Fund Insurance
4-15
(accum.)
Co.
Fireman's
$10c
Compania Hispano-Americana de Elec.
(Chade) (irreg.) _;
Confederation
4-10
r 70c ft
(quar.) *
Southern
preferred
1
4-21
$$1.25
(quar.)
Co.
(quar.)_
common
(quar.)
Cleaning &
(quar.)
Flreboard Products, prior preferred
5-15
2%%
!
(quar.)
Finance,
preferred
10c
quar.)
common
Ltd.,
Commonwealth
7ft
35C
(quar.)
Edison
United
50c
»
pfd.
preferred
11-
Services
preferred
9
4-
75c
Investors lincreased)
Telephone Corp.—
$2 preferred
(quar.)
Indianapolis Power & Light, common (quar.)
International Accountants Society,
class A
3-31
8-15
4-
(annual)
Oil Field
Indiana
5-29 -
$$1
:
4-30
4-30
Incorporated
4-15
5-1
8- 1
11- I
6-10
4CG
Corp.—
(increased quar.)
Electric
Illinois
$G
6-27
25c
Hussman-Ligonier Co., common
$2.25
preferred
(quar.)
Huttig Sash & Door—
6ft
2
93%c
(quar.)
preferred
Hov/ell
5ft
4-
Finance
Common
Canada—
—
6ft
1
3%ft
5ft
ft
4-16
50c
(quar.)
Hardart
&
5ft
i:
4
5c
(quar.)
Ltd.
4-15
4-
1
5-
$5C
Houston
3-31
'
Co.
3-31
4-24
—
America
Lumber
Inc.
Common
4-15;
50c
50c
50c
——
——
Fenton
12-15
(quar.)—
—
of
of
Oil Co.,
Household
15c,
Fire Insurance Co.
Federal
11-15
/
(s-a)
Park, Inc.
4-15
60c
Extra
25c
Products, Inc
Brewing Corp.___
Interim
(quar.)
Pictures Corp. (stock dividend)
Columbus & Southern Ohio Electric
(irreg.)_
Combined Enterprises, Ltd., 5ft
Cory
12-
(quar.)__
t
683/4C
Co._
Sugar'Corp.
Horder's,
4- 5
3-21
»-16
$-15
kf-15
4-7
3-31
-
:
7
$1.12%
(quar.)
(R.)
Home
3-29
3-29
4- 3
4-15
4-15
6- 7
5-15
.
8
4-
Company, common (quar.)
preferred
(quar.)
Holly
Holly
4-15
4-15
75c
4- 8
$1.25 •
5-31
$1.258-30
$1.25 r! 12-1
$25c'.
5-1
30c
4-15
4-
4-21
Hershey Chocolate Corp., common (quar.)
$4 convertible preferred
(quar.)
T
4-16
4-10
5- 1
5- 1
6-23
6- 2
4-15
3% ft
4-10
3-15
4-25
5-1
6-20
3-21
4- 7
4- 7
60c
$1.50
(quar.)
'
Hecht
30c.
Quarterly
Quarterly
Federal
4- 5
5- 5
Corp.
Hygrade
*
Extra
P 6-
4-25
4-15
5- 1
5-15
7- 1
Brewing
Haytian
4-15
4- 1
4- 1
3-31
25c
preferred (quar.)
—
Mills, Ltd., 5ft preferred
Eversharp* Inc., common (quar.)
20c
Harvard
•
1-t
Refractories—
preferred (quar.)
Harrlsburg Gas Co., 4% ft preferred
Hartford Electric Light Cp. (quar.)
Havt-Shaflner & Marx
(quar.)
6-20
9-20
3-31
quarterly
5ft
7
h Co., Inc., new class A (quar.)
Development Co. (quar.)
Co., $2.40 conv. pfd.
—
6ft
Common
Esmond
4-15
20c
Columbia
Corn
4-
fEdw.)
Hoe
Brothers
Harbison-Walker
Phonograph—
Trust Co. (N. Y.)
(quar.)
Co., 5ft preferred (quar.)—
preferred (quar.)
5ft
6-20
3-14
4-15
Hines
7- 2
10- 2
4-15
Railroad
Erie
,4- 7
>
&
1
11-
Hibbard, Spencer, Bartlett & Co.—
Monthly
Higbee Company, common (quar.)_
5ft
preferred
(quar.)
25e
25c
25c
Empire
125c
Commonwealth
Radio
20c
(quar.)
Collins Radio Co.
(irrcg. i
Colonial Sand & Stone (initial
5%
ft.
20c
r
Semi-annual
Gas
8- 9
'
Ui
Colgate-PaJmolive-Peet
7ft
8-15
$3.50
!
preferred
(quar.)
Products
Increased
6-10
ft ft*
_____
Concord
5-15
11-15
$1.75
11-10
$1.75 2-16-48 2- 10-48
•
__
(monthly)
preferred
$2
Co., common (quar.)
preferred (quar.)_
Elgin National Watch Co. (quar.)
Ely & Walker Dry Goods
8-15
$1.75
$1.75
—-
Co.,
8-
1
Illinois
(ineg.)
Boat
Emerson
(quar.)_
Clinton .Water Works, 7%
Cockshutt Plow Co., Ltd.
$6
Ekco
5-15
—
8ft
3-17
6- 2
_
Commercial
4-15
Electric
5
1
12-
3-28
4-1
4-1
$12%e
$12V2c
50c
30c
$1.12%
15c
25c
Urreg.)
4%ft
—
Clinton
5-
1--
9-
t20c
Halle
Ltd.—
Machine Co.,
A
Common B
-
(quar.)
Insurance
5-15
$1.25
9% preferred
City of Paris Dry Goods—
7 % 1st preferred
(quar.)
,7ft 1st preferred (quar.)
7ft 1st preferred (quar.)
7ft
1st preferred
(quar.)
7ft 2nd preferred (s-a)
City Stores Co., common (quar.)
Class
3-31
Common
Ry.—
(quar.)__
(quar.)
.
'
1
25c
& Texas Pacific
8*
50c
(extra)
(resumed)
44-
4-14
5-
$20c
Quarterly
6- 2
9- 2
12- 1
1st preferred B
Easy Washing
1
4-15
10c
1
4-30
5-1
6-16
9-15
12-15
5- 1
1st preferred A
1
1
6-
Canada—
of
Gypsum Lime & Alabastine (Canada)
3-27
3-31
6-30
3-31
6-30
$1.50
$1.50
$1.50
$6.50
(quar.)
(accum.)
Eastern Racing Association, Inc.—
$2 par and no par value (quar.)
$2 par and no par value (quar.)
Eastern Township Telephone Co. (quar.)—
5c
Cincinnati New Orleans
•
6ft
6-19
5-15
(quar.)_
Co
6ft
6ft
$20c
Co.
(accum.)—
3-31
3-31
3-27
37%c
20c
(quar.)—
5-
1
20c
Fund, Inc
Chesapeake Corp. of Virginia
preferred
7-
$1.12y2
(quar.)_„
Chemical
5%
7
85c
pfd. (quar.)
Manufacturing
Cotton,
3-31
Quarterly
Realty
preferred
Horn
is-a)
Lorp
3-31
4-15
7ft
4-15
4-25
4-15
4-15
5- 1
8- 1
5- 1
8- 1
$1.12%
$1.25
5c
75c
$3
preferred (accum.)
Eason Oil, $1.50 conv. pfd.
(quar.)__,
Eastern Corporation
(quar.)
Eastern Massachusetts Street Railway—
6ft 1st preferred A (quar.)
6ft 1st preferred A (quar.)
8
25c
(quar.)
common
Bank
50c
(quar.)
Central New York Power, 3.40'ft
Central Steel & Wire, common
Certain-Teed
Test
37i/2c
&
Aguirre
4-11
Duro
(quar.)
(quar.)
Carolina
4-15
$$i
______________
Preferred
preferred
(quar.)
Duquesne Light, 5ft 1st preferred
5-
$50c
Guardian
de Nemours & Co.—
(E. I.)
5-16
4-15
6-20
5-1
3-29
4-17
4-30
5-15
4-15
4-15
5- 1
2
1
7- I
5-15
4-30
4-30
5-23
$$1.12%
75c
$1
$15c
6-
4-15
8-15
4-15
5- 1
7
4-
25C
8-15
$$1.75
$20c
(quar.)
Ltd.
1
$$1.25
(quar.)
8-25
5-1
4-14
34 %C
Guaranty Trust Co. of Canada
Paper Co.—
convertible
du Pont
3
(quar.)__—
& Worsted,
Woollens
$4.50
Co., Ltd
Capwell Sullivan & Furth OakPreferred
4-
preferred
4%ft
Gas, Light Heat
-
(quar.)_
4-15
5-
Co.—
8-25
$25c
$25c
(quar.)
com.
4-15
7ft
Brewery
(quar.)
Tanning
Griess-Pfleger
Textile
$17%c
(quar.).
common
(quar.)
Canadian
Central
Ltd.,
voting trust certificates
Co., Ltd.-—
Common
Dominion
$17%c
(initial)
Linoleum
&
120c
Industries, Ltd.,
preferred
and
(quar.)
(quar.)
Oilcloth
Dominion
4-10*
5- 5
"Western
preferred
$40c
(quar.)_
com.
(quar.)
preferred
preferred
5ft
Ltd.—
Extra
Canadian
7%
Common
Ltd.,
Dominion Tar & Chemical
$75o
General
Increased
4-29
5ft
pfd.
Investment
5-22
4-30
preferred (quar.)
Maiting Co.,
Dominion
4-29
$!8%c
Canadian Converters Co., Ltd.—
Class A (quar.)
Canadian
5-22
3-29
5 % ft
$43c
$$2
$25c
$35c
$25c
$25c
$$1.25
$$1.25
(quar.)
,
8
4-10
Griesedieck
3-31
4-15
75C
$1.50
15c
$25c
15c
$30c
(s-a)
Domtnguez Oil Fields, common
Dominion Bridge Co
Ltd. (quar.)
Dominion Dairies, Ltd.—
5ft non-cum. preferred (quar.)
Dominion Engineering Works, Ltd. (annual)
Dominion Glass Co., Ltd., common iquar.)_
7ft
(quar.)
Class A
preferred
3-20
30c
$1
Dodge Mfg. Corp. (Indiana)
Dome Mines, Ltd. (reduced)
5-
4-15
$$1.75
*—
$1
ft
B
partic.
$3
4-15
4"10
5-15
30c
(quar.)
Ltd.—
Die
&
1
56y4c
(quar.)
Power,
Tap
When
Holderg
Payable of Rec.
Stores—
Green
Greenfield
8- 5
11- 5
Giorgio Fruit, class A
Class
4-10
$40c
Canada Northern Power Ltd., com. (quar.).
1%
preferred
(quar.)
Canada Starch Co., Ltd., 1% pfd. (accum.)
Canadian Car & Foundry Co., Ltd.—
Common
1
4-15
50c
<
Products...
Steel
Share
•
$7 preference "A" (quar.)
1H. L.;» Company (quar.).
4-9
25c
(quar.)
(quar.)
Lakes
Great
3-28
4-27
4-21
4-21
5-15
8-15
11-15
20c
(quar.)
Grayson-Robinson
$2.25
preferred
5-1
50c
50c
50c
(quar.)
Stove
Company
Great American Insurance
4-15
12%C
?0c
Mfg
;
6ft
5ft
preferred
—
6- 2
5-15
1- I ft •- *
10- 1
10-1
12-23
12-23
10ft
Extra
4-10
4-15
Co.—
.......
(quar.)_—___
—
&
1
6ft
Packing
G£3ket
5-
1%
California
(quar.)
Co.
dividend
75c
(quar.).
—
Name of
Payable of Rec.
25c
$1.75
$1.75
$1.75
30c
(quar.)_
com.
Per
Holden
When
Share
quar.)
Detroit-Michigan
4-10
5-10
$20c
4-10
'Per
(quar.)—
Edison
Stock
Detroit
_
(quar.)..
Power, $3 pfd.
Electric
2
,
preferred
California
preferred
preferred
6-10
.....
®yf" <A. M.) Co., 1%
preferred
7ft
$1
15c
'*
(N. Y.),
Supply Co.
He
5-
i
'ft*
*'
Company
4-11
1
5-
'0
Name of
■»
1
-
Adding Machine..—.....
Brothers, common.
Caldwell Linen
*"■'
Holdere
Payable of Rec.
;
(quor.)
Burroughs
Butler
Monday, April 7, 1947
THE COMMERCIAL & FINANCIAL CHRONICLE
(1906)
50c
—
6-
50c
4-15
3-31'
$6.50-
4-15
4-
5
6-
5-
0
20c
1
2
5-
3
Volume
•; -
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4583
165
Per
Share
-»
Name of
Lockwood
Company
Company
Lord & Taylor,
Los
>%'.■
.
Angeles
Louisville Gas & Electric
5%
Louisville
5%
Louis Ry.
St.
Co., Ltd. iquarj
Luzerne County Gas 3i Electric Corp.—
preferred
MacAndrews
preferred (quar.)
Macy (R. H.) & Co., 4%% pfd.
Mading Diug Stores, common
55c
;R.
C.)
$2
class
&
Co.
Investors
Power
preferred
Factor
&
Stores Co., .7% preferred
Distilling Corp., common
Mills, Ltd. (quar.)
:
Michigan
.Midwest
Eumper
(quar.)
Corp
Piping & Supply
class A___
Mfg. Co.,
Brick
Ltd.
Co.,
(interim)
&
Ontario Paper Co.
(initial)
Power & Light, $6 pfd. (quar.)_
Minnesota
Mississippi
Gas &
Rubber
3-27
Penman's, Ltd.,
6% preferred
Chemical,
3-31
$3.25
pfd.
preferred A
Morrell
(s-a)
(quar.)__
(John
&
3-20
5% prior preference
Philadelphia Company,
4-19
3-31
6-
'>•'
2
6-
2
5-15
6-
2
5-15
7-
1
6-14
5-
1
4-15
5-31
11-29
1
4-11
5-15
4-30
7-
1
6-15
5-
1
4-15
4-15
4-
4-15
4-10
4
3-31
4-15
3-20
3-25
4-15
/' 4-
1
4-15
4-
2
6-
2
5-10
4-15
3-17
4-15
3-15
4-15
3-
1
4-30
k-'-'f&ft
preferred
___
62%c
(quar.;,$1.50
(quar.)
States Tel.
Mountain
&
Mulllns Manufacturing
Tel.
preferred (quar.)
preferred (quar.)
Muskegon Motor Specialties
*6%
$1.75
$1.75
Chemical
6%
:•«,6%
50c
Co.
Mutual
System,
5-15
12-18
3-31
10c
4-15
56%c
5-
i.
1
4-
Register
6%
$2
4-15
$1.60
50c
4-15
3-31
$1.60
non-cum.
5-15
4-29
$1.60
non-cum.
5-
4-15
Reliance
Electric
Common
4-10
$0.296875
5-
50c
5-
1
4-11*
2c
5-
1
4-21
i
Common
t;Common
(quar.)
2c
(quar.)
2c
National
Fuel
Gas
National
Lead
Co., 6%
National
Lock
(quar.)
Co.
20c
pfd.
B.
(quar.)—$1.50
8-
1
4-15
3-31
4-14
1
Mallinson
National
Fabrics
4-15
30c
Extra
4-15
25c
Extra
Rational Manufactures & Stores Corp.—
Class A (s-a)
v
$2.50 non-cum. class A (s-a)
National Paper & Tyoe Co., 5% pfd. (s-a)__
,
preferred
4-
4-30
1
1
4-15
.'4-15
$1.25
4-15
4-
1
$1
4-15
4-
1
$1.25
8-15
$1.25
(s-ai
4-
4-30
50c
(quar.)
10-20
5-
20c
(quar.)
7-22
10-30*
8-15
7-31
,
*Low-priced
J,
V
'Amounts
.
are
National
Steel
National
4-15
3-15
53VbC
75c
5-15
5-
1
4-16
75c
4-21
4-10
Co., 4%% preferred (quar.)__
Water Co. (s-a).
Hosiery Corp.—
Bros., 4%% conv. preferred (quar.)
—_
Niagara Hudson Power, 5% 1st pfd.
5%
1st preferred (accum.)
(quar.)
$2.50
12c
______
Brunswick
New
•
Telephone
New York Chicago &
6%
New
preferred
Newark
.
6%
&
(J. J.)
Newberry
«
A
York Power
St.
(quar.)
Louis RR.
North
$3
3%%
(Ohio) —
pfd.
pfd.
(quar.)
(quar.)—
Boston
5%
Indiana
preferred
Northern
7%
6%
States
preferred
Northern
1
States
preferred
(quar.)
Co.
.
4-15
3-31
._
Power Co.
$3.60 -preferred
Ohio
Match
preferred
Oklahoma
4%%
Oliver
Ontario
1%
Gas,
common
preferred
Steel Products, Ltd.,
preferred
(quar.)
com.
Class
3-
7
4-
1
4-15
4-15
3-31
4-18
3-31
4-18
?
3-20
Class
3-15
4-
7
3-25*
4-15
8
44-
5
5-
1
4-15
Stevens
5-
1
4-15
Stewart
5-
1
4-15
5-
1
4-15
Struthers
Suburban
3-28
3-25
3-31
SuDerheater
\%12
5-
5-26
4-18
Taylor & Fenn Co.
3-31
1
Tennessee
4-25
3-31
4-25
4-10
4-10
8
3-20
$2.40 convertible
5-
1
4-21
Treesweet
1
4-21
Trinlty
Universal
Quarterly
Quarterly
Quarterly
5-1
5-
1
Tuckett Tobacco
6-10
5-
4-10
5-
4-15
7-
6-14
10-
9-15
7-
6-14
10-
9-15
4-10
4-
1
4-
4-15
4-
5
4-15
4-
1
1
5-
8%c
4-15
4-
$$1.50
4-15
3-20
40c
4-15
4-
3
$1.75
4-15
4-
3
50c
4-18
$1.50
4-15
4-
$40c
5-
1
3-31
$$1.75
5-
1
3-31
4-15
3-21
7%
20c
4-15
3-31
United
25c
4-15
3-31
6-30
8-14
12-20
12-13
4-15
4-
10c
4-25
4-
7
25c
—
1
4-
5-
1
1
5-14
5-
1
4-9
$1
A
(quar.)
4-10
30c
quar.)
37 %c
(quar.)___
!
25C
———
;
5-15
4-30
60C
5-15
4-30
31 %c:
4-15
4-10
4-10
3-31
■
25c
6-16
$1.25
'
4-10
4-15
3-31
5-1
t 4-15
4-15
r 4-15
Smith
Pictures
Knitting
&
—i
(quar.)
Equipment
$20o
5-1
4-10
5-
1
4-
4-30
4
Class
Vulcan
Vulcan
3-31
$50c
4-21
3-31
4V2 %
4-21
3-31
Walker
1
-4-15
50C
4-15
3-20
50c
4-15
4-10
3-26
5-
4-15
6-
5-15
5-
4-15
B
—
3-20
1
6-
5-15
5-
4-15
6-
5-15
7-
4-10
5-
6-16
I
3-20
4-15*
I
5-
1
4-15*
22 %C
7-
1
6-19
—
—
Co.
4-19
1
4-19
6-
$2
4-10
5-
75c
9
5-19
4-15
17 %C
4-15
62 %c
5-
3-28
4-15
■,
4-15
4-
(s-a)
(quar.)
4-16
4-30
4-15
1
9-20
12-22
3-15
4-18
25c
1
$1.25
4-15
4-
26c
4-15
4-
1
$1.75
6-10
6-
2
$1.75
9-
12-10
7-
15c
1
„
1
12-
9-10
$1.75
1
6-20
$3
4-
7
3-31
50c
5-
1
4-15
20c
4-21
4-
75c
—
4-10
3-31
4-15
$4
37 %c
5-
37^0
a-
y
1
—: 4-
5
3
>4-15
7-15
—
40C
6-15
6-
5
40c
6-15
6-
5
$1.50
(quar.)
preferred
(annual)—
Co., class B (increased)
1
62 %C
(irreg.)
common—
6-20
710-
1-2-48
62 %C
—
1
1
5-
$1
62 %C
3-28
3-25
1
4-15
50C
50c
(irreg.)
Corp.
Co.,
8-30*
9-20
40c
20c
—
5-31*
6-20
40c
(quar.)
$4.50 preferred (accum.)
Detinning Co., 7% pfd. (quar.)
&
V
25C
Corp.,
Wabash Railroad
$50c J
5-
*1.25
Virginia-Carolina Chemical Corp.—
6%
participating preferred (accum.)
Railway, 6% preferred (quar.) —
6% preferred
(quar.)—
Visking Corp., class A (quar.)
fo
,.4-15
$2.50
Virginian
4-15
1
1
•
Inc., (quar.)
Massachusetts RR. Co.
Products
4-10
4-30
5-
5-
87 %C
Freeze,
Victor
1
•
5-15
50c
(J. E.), 5%
Victor
5-
4-30
5-15
53C
(quar.)
preferred
convertible
1
$25c
(quar.)
Co.
Co.—
4-
$S0c
7
4-30
5-15
Corp.—
Tobacco, common
4-18
Paper Mills, Ltd.—
(quar.)
Leaf
5-26
3-31
1
50C
Co.,
4-10
25c
——
Corp.——
(quar.)
Transit
$30c
5-15
\
53c
(quar.)——
Vermont
4-15
4-
5-15
50c
Vertientes-Camaguey Sugar Co.
13 %C
4-15
$1.75
pfd. (s-a)
(quar.)
6- 2
25c
(quar.)
& Cc., Ltd. (quar.)
4-
4,15
58 %C
(N. J.), 4%%
25c
-■
9
$$1.75
58V3C
Railways Co., common
4-
5
8-
11-10
25C
— •» •mtmmrnmm — mm —
convertible
Velvet
h
5-10
8-15
11-15
15c
preferred A (quar.)_
5% non-cum. preferred B (quar.)
Vapor Car Heating Co., 7% pfd. (quar.) —
7% preferred (quar.)
7% preferred (quar.)
3-31
-f-
5-15
92 %c
(irreg.)
Van Sciver
3-31
4-10
4-10
4-30
5-15
100%
5%
4-18*
6-
25C
(quar.)
4-15
85C
91 V*c
(quar.)
1
$1.12%
year-end
Universal
4-18
1
5-
87 %c
prior preferred (quar.)—
5%
piror preferred (quar.)
5% prior preferred (quar.)—,
Utility Appliance Corp.—
5-10
3-31
5-
15c
V
—i*.
tm
Utica
50c
.,4-21
4-10
$1.50
25C
prior
prior
Universal
3
1
4-15
250
3-31
4-15
'4- 8
5-
V
20c
pfd. (quar.)
4-
$1
$12 %C
4-15
5-15
20C
8
5
3-17
1
—
preferred (quar.)
5% preferred (quar.) —
United Wallpaper, Inc., 4% preferred (quar.)
3
5-
250
Stockyards
70c
4«
4-
25c
preferred
United
4-10
1
4-21
4-15
$1.25
—
(quar.)
—
Common
$$2.50
?5-
25c
Co., Ltd., 7%
Lines Co.
25c
Corp.
preferred
(Dallas)
Co.
Insurance
S. Pipe & Foundry Co.
Quarterly
Corp., common (quar.)
U. S. Radiator Corp, 6% pfd. (accum.)
U. S. Rubber Co., 8%
preferred (quar.)
U. S. Smelting Refining & Mining-
3-21
4-15
$25C
(quar.)
(increased
preferred
;
preference (quar.)
Co., $1.25 pfd. (quar.)_
U.
4
5
4-14
5%
(quar.)
common
U. S. Plywood
—
Slatejr
4%
4-30
S.
5-
20C
prior preferred (monthly)
prior preferred (monthly)
Extra
U.
3-31
5- 1
Common
-
5-15
: 5* 1
■
(extra)
—
$6 pfd. (quar.) —
preferred (monthly)
6.36%
preferred (monthly)
6% prior preferred (monthly)
6% prior preferred (monthly)
United Merchants & Mfrs., Inc.—
5% preferred (quar.)
United New Jersey RR. & Canal (quar.)
U. S. Industrial Chemicals (quar,)
1
50C
8V,
10c
Fruit
6.36%
4-
50c
—
United Light &
7%
3
1
—
EXtfi
7%
5-
4-15
5-
25c
—
B
Untied
1
17 %c
—
Class
2
<
3
4-25
$1.12%
$3.50
4-15
6-20
$10c
4-15
5-15
$2
—
Union
4-15
4-25
5c
Sinclair Oil
I
Products
16-
5-
2
$1.75
Co.,
Mfg.
dividend
Stock
5-
6-1
(quar.)
(quar.)
(quar.)
Glass
Thatcher
4-15
6-
$1
common
Light Co.,
&
preferred
4-30
31j/4C
(quar.)
Products,
Power
7%
£-31
5-
—
—
(quar.)-—-
4-20
6-16
25C
.
Tacony-Palmyra ftridge, $5'preferred (quav.)
Talon, Inc., 4% preferred (s-a)
5-31
$1.75
3-31
1
(initial)
common
Corp., $1.25 pfd. (quar.)
Electric Securities Co.—
Co.
6-30
9-30
1
7-
25c
Wells
4-15>
$1.75
2-24
5-15
Clothier,
&
7-10
10-10
20c
(initial)
Corp.
4-2L'
4-10
3-31;
25c
(accum.)
Sun Oil Co., 4»/2%
class A pfd.
Super Mold Corp. of California
4-15
3-22 v
4-10
37 %C
..
—
2nd preferred
$4
4-10
IOC
—-----
4-15
4-
56c
(quar.)_
(quar.)
Corp. (s-a)
Container
3-15
u
4-15
10c
& Co.
Warner
5-15
8
;.;4» 8
25c
—
pfd.
4%%
Textiles,
P.)
(J.
4-15
1
IOC
Extra
Stone
4-
1
5-
45C
—
Stern
&
5-
2
3-31
4-15.
35c
Common
Stern
Co.—
Finance
O.)
4-10
—
Common
8
4-15
5-
Inc.—
Co.
preferred
(A.
4-10
1
preferred
(quar.)
Aluminum
Products
75c
Electric
(Howard)
1
5-
$750
Sterling Breweries, Inc. (irreg.)
Sterling Electric Motors, common
1
$1.75
4-30
17
5-
$10c
$75c
4-15
50c
4-15
5-15
4-30
5-15
$15c
(irreg.)
7%
4
6-
Sterling
5-
4-
.'.,4-15
6-11
(quar.)
common
3-20
$1.75
55c
50c
Canada,
5-10
$1.31 »/4
Sherwin Williams Co. of Canada, Ltd.—
Common
(quar.)
Simplicity Pattern Co.—
5% % convertible preferred (quar.)—
-
(Boston)
Investment
of
Co.
4-15
15C
5- 1
6- 2
$0.59375
(quar.)_
$1.12%
(quar.).
t25c
$$1.75
5c
,
—
6-10
60c
Co.
preferred B
Smith
.
(quar.)
Street
Steel
12 %C
—
Paper Co., $3.40 preferred
Mfg. Co., $3.65 preferred
(N.)
4-15
1
Acid
preferred (quar.)—
$3.70 preferred (quar.)
$4.50 preferred (quar.)
United Carbon (stock dividend) —-——,
United Drill & Tool, class A (quar.)—
Co., common—.—
Shawinigan Water & Power.
5-15
B
4-18
Shaffer Stores
4-15
3-28
5-
60c
1
Seaboard Oil Co., of Delaware (quar.)
Security Storage Co. (quar.)—W
3-31
3-21
4-25
50c
(quar.)
—:
Stanley Brock, Ltd., class A (quar.)
3-20
4-15
3-31
3-21
4-10
Works
3-31
4-10
4-15
4-10
25c
(quar.)
Standard Tube Co., class B (irreg.)
Standard
Wholesale
Phosphate
&
4-15
4-30
$10c
common
5-
22 %c
$1.12%
'
4-15
preferred
Udylite Corp.
.
3-31
3-31
Co.,
Spring
15C
4-15
'3-30
4-30
1
Bag & Paper Corp. (extra)
Union Electric Co. of Missouri—
Scranton
4-19
4-19
Steel
convertible
4%
4-18
Scovill
4-14
2
5-
$ 10c
1
Scott
$1.75
$1.50
6-
$56'AC
4-15
93 %C
5-
Schuster (Ed.) & Co., common
$1.25
2
(quar.)
52 %C
7-21
$1
1
6-
(quar.)
20c
Co.,
Common
B
50c
(quar.)
3-31
Seaboard
5-
5- 7
-!
—
8-1
3-31
.-^4-15
(Ohio)
11- 1
8-
1
Co.
preferred A (quar.)
Radio, Ltd., class A
1
4-15
Sangamo
Oil
preferred (quar.)
9-2
20c
(quar.)___
conv.
3%%
3-10
■
$1
$10c
—
,
4%%
12-
Pak Mfg.
San-Nap
(Minn.)—
Service, com (resumed)
(initial quar.)__
A
OO
5-15
(quar.)
t40c
4-15
5- 1
(quar.)____
4V2V0
»
4-21
$40c
25c
preferred
Corp.,
Standard
1
50c
4-16
4-25
Electric, com. (increased).
Natural
4-18
25c
9
5-
$3.50
8c
Co
Oklahoma Gas &
4%
$1
35c
(quar.)___———90c
preferred
1
preferred
5%
-
25c
Co
(quar.)
Ltd. (quar.)
Schcnley Distillers Corp
Schulte (D. A.), Inc
5-
^
{accum.)!
(accum.)
5-
4-15
**
$2
$$1.25
(initial)
common
lj 50c
(s-a)
$1.50
Northwestern Public
4%%
4-15
1
37%c
(quar.)
_i
(Del.)—
New
75c
Ltd.
$1.03%
Spartan-Mills
(quar.)
Squibb (E. R.) & Sons,, $4 preferred (quar.)
Standard Chemical Co., Ltd.—
41V4C
Semi-annual
Service—
Public
' 4.15%
.
Corp.,
3-31
1
75c
Power
preferred
3-31
5-
4-15
Standard Fuel, Ltd.,
$2
.
4-19
4-10
common
-,
Northern
1
4-15
(quar.)
North Carolina-RR., 7% guaranteed (s-a)
Northern Engineering Works
Northern Illinois Corp.—
i,$1.50 convertible
5-
1
4-15
$3c
preferred
(quar.)
St. Lawrende Paper Mills Co., Ltd.—
6%
preferred
(accum.)
San Diego Gas & Electric, common (quar.)_
5%
preferred (quar.)
San
Francisco
Remedial Loan Associates,
4-19
4-15
4-15
5-
4-15
4-
4-15
1
1
$1.25
7%
4-15
1
Paper
4-15
1
5-
V:
$$3
preferred
conv.
Croix
Lawrence
5-15
5-
$1%C
Sanborn Map Co.
preferred
(quar.)
Lighting Properties,
preferred
1
$1.50
97%c
93%c
Noj-folk & Western Railway Co.—
y
5-
5-
$1.50
Light, 3.9%
preferred... i (quar.)
Adjustment
5
Co.—
(accum.)
Co.,
Telephone
$1,18%
$1.25
5-
St
1
97 %c
25c
(quar.)
(quar.)__
Ltd.—
4% class A convertible preferred (accum.)
St. Lawrence Flour Mills, common (quar.) —
-4%
St.
(Oscar)
Neiener
"
4-11
6-
92 %c
Texas
3-31
4-15
7-11
4-15
35C
com¬
$40c
Fine Foods,
W.
8-15
7-15
(quar.)
(quar.)
$25C
S.
&
9-15
preferred
preferred
5-
$1.50
3-31
.
old
of
(quar.)
preferred
(initial)
A
5-15
$1.25
(initial).
com.
shares
five
5-
75c
3-31
3-31
$37%c
(quar.)
Naugatuck
Nebel
3-31
|15C
4-15
-
lc
Tea
Ltd.
3-31
4-15.
1
'
4-15..
4-15..
estimates.
Car,
10-1
4-15
$1.25
5c
series
*Speculative series
^.'Low-priced common stock series
,
10-22
Service,
$75c
of Louisville—
6%
participating preferred (quar.)
Royal Typewriter Co;, common (increased)__
7% preferred (quar.)
6c
bond
4- I
'
Royal Crown Bottling Co.
series
,*Bond
4-22
50c
convertible
Class
7-31
Corp.—
*
$1.25
3.90%
9
Strawbric-ge
9c
National Securities & Research
3-31
6-16
35c
preferred (quar.)
& Engineering—
Electric
4-15
(quar.)
State
6% preferred B (quar.)
Republic Natural Gas Co. (s-a)
Republic Petroleum Co._
Revere
Copper & Brass, Inc.—
5*4%
preferred (quar.)
*
Rice-Stix Dry Goods, common (quar.)
7%
1st preferred
(quar.)—
7% 1st it referred (quar.)
7% 2nd preferred (quar.)
7% 2nd preferred (quar.)
Rickcl (H. W.) & Co. (quar.)
Robinson Cotton Mills, Ltd.
(quar.)
Rochester Button Co. (quar.)
Rothmoor Corp.
(quar.)
Welding Machine—
(quar.)
4-22
4-
$1.50
preferred
Republic Investors Fund—
6% preferred A (quar.)
1
4-
$$1.50
(quar.)
5-1
4-15
preferred
50c
preferred
non-cum.
$2.10
(increased quar.)
4->21
$1
(quar.)
$1.20
'3.70%
Standard
Co., class B
preferred A (quar.)
3-31
National Distillers Products
3-21
15c
(C. A.)
4-15
1
4-15
$1.75
—
3-31
3-12
$1.50
!
Standard
(quar.;
15c
10c
35C
11V4C
(irreg.)
3-20
4-10
$1.75
Eight shares of new com¬
each
$1
$1.25
(irreg.)
4-15
—
held
dividend.
Stock
Regent Knitting Mills, Ltd.—
7*
(quar.)
(increased)
4-15
Public
for
mon
50c
(quar.)
common
2nd preferred
4%
Reed
1
Co.,
preferred
Power Co.
25c
Corp
$1.50
mon
4-10
37%C
(quar.)
3-
common
4-10
1
Jersey—
(Boston)
common
1st preferred
Reading
Container
National
Fund
Co.,
4-15
Inc.
(increased)
Corp. (Dei.)—
convertible preferred (quar.)
4-
1
5-
<*15c
40c
Company,
1
5-
50C
—
4-18
4-15
15C
-
"
«>8%c
(quar.)
(increased)
Share
Casket Co.,
(Geo!)
Oats
Common
3-31
4-15v
1
5-
40c
Ltd—
y
4-18
5-15
$$1.50
V
35c
50c
—
5-15
Quarterly
41 %C
New
3-31
25C
tauar.j
;
—_—
Southwestern
5c
(quar.)
Railway Equipment & Realty CO., Ltd.—
9-18
t25c
1
15C
6% preferred (quar.)
Quebec Power Co. (quar.)
Employees, 80c preferred
6-19
37V2C
Cash
;fr5%
5-31'
(quar.)
National
AJ4%%
Quaker
(quar.)
&
National
8-15
Inc.
Bond
National
5-15
preferred
Utilities, Ltd. (s-a)
Narragansett Electric, 4%% pfd. (quar.;___
National Biscuit Co,
(increased)
National
Corp.,
9- 1
12-26
7
4-
50c
(monthly)
(monthly)
prior, preferred
$5
6- 1
6-27
4-
Puget Sound Power & Light—
Putnam
9-26
Nanaimo-Duncan
National
preferred
4-21; ; .3-31
4-15
Fund,
6%
preferred
6%
$1.50
$1.50
$1.50
(quar.)
(quar.)
Investment
6%
America—
of
1
4-25
37 %c
of
Corp.
5-15
3-31
4-15
Hquar.)
90c
Railroad
(quar.)
Mutual
t
Service
Public
5-15
3-31
'
Co.—
(quar.)
preferred
preferred
preferred
3
5-
Vk
—
3-20
4-15
Railway Co.—
5% non-cum. preferred (quar.)
5%
non-cum.
preferred (quar.)
Southwestern Life Insurance (Dallas)—
3-21
'
(quar.)
4-15
37 %c
1
Southern
3-21
95c
,
34 %c
Southern New
3-22
4-15
$1.10
___—
(monthly)
preferred
(monthly)
preferred (monthly)
Pure-x
$7-
class A
3
6-
4-21
Corp.—
$7
Mutual
6-
lc
lc
62Vic
4-15
4-
3-20
preferred
(quar.)
——
England Telephone (quar.)—.
4.8%
1
4-15
$1.50
preferred
7%
(increased)
corn,
(quar.)
I
4-11
$1.25
1st preferred
6%
4-12
4-
1
12 %C
(quar.)
common
(quar.)
6% non-cum partic. preferred (quar.) —
Pressed Metals of America, Inc.
(resumed)
Preston East Dome Mines, Ltd.
(quar.) —
Price Bros. & Co., Ltd. (increased
Proctor & Gamble, 8% preferred (quar.) —
Proprietary Mines, Ltd. (interim)
Prosperity Co., 5% preferred (quar.)
Public Service Co. of Colorado, com. (quar.)
~
1
5-
4-15
pfd. (quar.)
Southern Indiana Gas & Electric—
4-15
5-
1
4-15
Southern Franklin Process Co., 7%
4-25
5-15
Co.
Power
participating
6%
5-
$1.12%
(quar.)__
(quar,) ___4.--*-^_-_-_-.
,
California
Quarterly
(quar.)—
Co.
Tool
6%
4-15
lj
3-27
37V2C
Co.—
(accum.)
Plymouth • Cordage Co., common (quar.)
Employees Special Stock (quar.)
Porter (H. K.)
Co., common (quar.)
Power Corp of Canada, Ltd.—
5
4-
-
5
$1
Plomb
1
1
4-15
_!
i'V--.—
$25c
A
Southern Colorado
1"'-;
8-1
:
50c
—
3-20
4-11
5-
4-23
$75c
4-15
4-
5-1
5-
'$$1.50
$1.06'/4
(quar.)_
Phillips-Jones Corp.,
3-31
4-15
4-15
Quarterly
Extra
preferred
4%
preferred
6%
Common
3-31
4-
10c
(quar.)
5% preferred (quar.) _
Piper Aircraft, 4Va% preferred (quar.)
Pittsburgh Ft. Wajme & Chicago Railway—
7%
preferred (quar.)
Pittsburgh Screw & Bolt Corp.—
Increased quarterly
Pillsbury Mills, Inc., $4 preferred (quar.) —
4-19
5-
preferred
$3.60
Diablo Mining & Development Co.—
Mountain States Power Co.,
4-15
37 %c
(quar.)_
pld.
Southern Canada Power Co.—
5
4-15 i-
25c
8-30
>
4-
4-15 ;■
75c
5-29
8-31
11-30
...
3-31
50c
,
(quar,)______u—
Philadelphia National Insurance (s-a)_____
Philadelphia & Reading Coal & Iron
Philadelphia Transportation Co., commonParticipating preferred (s-a) _________—
Participating preferred (s-a)
Philip Morris & Co., Ltd., common (quar.) —
5-15
4-15
preferred
4.4%
I
4-15
$1
Co..
6%
preferred (s.-a) __________—_________
Philadelphia Electric, 3.8% pfd. (quar.)
3-31
Co.—
quar.)
5-15
$1
5%%
.
3-31
li
$1
4-15
3-31
t
50c
1
Marquette Railway
5%
(initial
common
5-26
Edison, Ltd.'—
Southern California
3-28*
Southern
(quar.)
4-30
4-21
4-15
(quar.)
common
4-15
4-15
$1.25
(quar.)
4-15
$1.50
(quar.)
pfd.
Pere
$1.75
5c
$1.62%
EOc
t48c
(quar.)
(quar.)
5-15
75c
original preferred (quar,)_
preferred C (quar.)
Gas, 6% pid.
5%
4-15
1
50c
California
'
Co., 40c
3-2 fP
$1
(s-a)
preferred
Corp.,
Mount
,■]
3-31
4-15
!'
Pennsylvania Power Co., 4V\c/o pfd.
Pennsylvania RR. Co. (irreg.)
Peoples Gas Light & Coke (quar.)
$1.50
Service Co.
Montgomery Waid fc Co., common
Montreal
Telegraph. Co. (quar.)
V;
4-15
4-15
&
C.)
(S.
Southern
1
preferred (quar.)
4%
Tilford, Inc.
3-31
Co._.
MonongaheJa Valley Water, 7%
Monroe Loan Society,
class A
Monsanto
&
4-15
8
50c
Electric
Missouri
Mohawk
,
Park
Cos., Inc.,
4-15
43%c
43%c
433/4C
$$1
$1
25c
50c
$1.75
25c
$25c
lCc
15c
15c
$10c
?25c
$1.50
::
Mercury
•i;
Paraffme
Parker
$50c
75c
Merchants
v;''
Panama
3-31*
3-27
75c
85c
93%c
(quar.)
common
Mercantile
*p2
3-31*
20c
Stores
?
'
South
1
3-29
4-10
——
Pittsburgh Water, 4V'2%
1
& Telegraph—
(quar.)
Corporation
(quar.)
Coca-Cola Bottling
4-15
4-15
?0c
Oil, Ltd., 4% pfd. (quar.)
Robbins, Inc., $4 pld. (quar.)_
(quar.)
McKesson
T
Packer
4-15
1
:
,
5-
$1.25
;
preferred
$5
preferred
4-
4-15
—
preferred
6%.
-v
4-15
___!_
McColl-Frontenac
■
;
5-1
(accum.)__
Co
&
McLellan
Hew
'
28c
tL. M.} Co., Ltd., preferred (s-a;_
Corporation
(quar.)
McClatchy Newspaper, 7 % preferred (quar.)
7%
preferred (quar.);
7%
preferred (quar.)
Moore
5-
Pacific Telephone
3-15"
Associates—
preferred (quar.)
preferred
(quar.)
Milton
'•>
4-15
Lighting Corp.,
4-
(irreg.)
Light
McCall
■
Pacific
Extra
McBrine
Miller
8
50c
Trust
&
May Department Stores,
V;:; Extra
4-
$17 %c
Massachusetts
$3.75
4-15
(Del.)
Pacific Gas & Electric
(quar.)
5
4-
4-15
25C
...
(quar.)
(quar.)
1
50c
12V2C
(quar.)
Field
preferred
8-
$1.12%
(quar.)
(s-a)
of California
8- 1
$20c
Massachusetts
$3.40
5%
Corp.
8-15
Machine., Co.—
Products
4-
4-29
Holiert
When
Payable of Rec.
13%c
Society Brand Clothes (quar.)
Solar Mfg. Corp., 55c ccnv. pfd. A (quar.)Soundview Pulp Co., common (quar.)
6%
preferred
Terminals
Coast
Finance
13%c
50c
(quar.)
(quar.)
preferred
Marshall
25c
convertible
4%%
Pacific
*
Telegraph & Telephone Co., Ltd.—
Common
$2
pfd.
A
3-31
Aggregates—
20c
(quar.)_
A
quarterly
Magnesium
Maritime
7%
Co.,
Calculating
Increased
Marine
Max
.
preferred <quar.)__
Marchant
3-31
Coast
8-15
$1.06%
50c
$1.50
$1.06%
(Increased)
Co., com.
6%
Mahon
3-31
•;
(quar.)
Forbes
&
4-15
4-15
Pacific
3-31
$2.50
$1
$12%c
tirreg.)
3-20
1
5-
51
15c
"
Co.—
(s-a)
4-15
$15c
Co
Pacific
;W. M.)
4% %
1
Elevator
$4
preferred
Blcachery, Inc.
Lowney
4-
Otis
Per
Share
Name of Company
Payable of Rec.
50c
Oppenheim Collins & Co. (quar.)
Orange Crush, Ltd. (initial)
4-25
$1.25
3i'Ac
(s-a;
non-cum
Lowell
&
Henderson
Common
Share
4-17
4-24
1
4-15
37V2C
(Ky.;, common
preferred (quar.)
preferred ($25) (quar.)
5%
5-
$2
$2
(quar.)—
'
5-1
75c
—
2nd preferred
Investment Co
8%
Name of Company
,
Holiers
When
Per
When Holdert
Payable of Rec.
(1907)
4-15
3-31
$1.75
4-19
4-
4-18
3-31
4-18
3-31
5-20
5-
$1
$4.50
15c
.
9
I
\t»
i2
THE COMMERCIAL & FINANCIAL CHRONICLE
*(1908)
Company
Street
Warner
Wairtu
Broa.
Class
B
,
Co.,
Washington
$4.23
Gas
A
Light,
Railway
preferred
&
VvHtherhead
Co.,
Fenn
1ye
Vest
Penn
Wert
Point
Power
the
indication
of
6-
preferred
4-
t$1.75
8-15
8-12
diverted
5-15
4-1(5
$1.50
5-15
4-16
$1.12 V2
4-15
3-17
50c
5-
1
4-15
$1
5-
1
4-15
137 %c
4-15
—
4-15
5-15
5-
11-15
2-15-48
Wichita
Water,
preferred
$5
WU &
Wrisor.-Joncs
Wisconsin
Co.
(irreg.)
Electric
(quar.)
Co.—.
Co.—
Gas
..Wisconsin
4
&
Va%v'preferred
Wcodslde
—:—S
Stock
Wi'igley
Co.
4-
Prov.
5-
4-17
1
4-30
Prov.
for
4-15
3-31
7-
6-20
1
$1
$25c
4-10
3-24
common-
50c
6-20
6-
6%
10%
6-20
66-
$1,121/2
(quar.)_
6-16
6-
5
5-
Prov.
4-20
25C
1
6-
2
1
8-
1
preferred
preferred
b'.i
:;
<?"(,
tax
Net
income
30%
Less
tPayable
Earned
Income
for
funds,
resident
tPayable In U.
tax.
closed
not
15%:
420,231
this
tax
5-
1
4-15
U.
5-
1
4-15
Accounts
less
15%
the
at
British
Non¬
source.
Income tax.
19,503,567
2,748,743
7,558,903
applic.
S.
Govt,
526~206
445~561
400,551
17,107,961
13,581,770
16,392,178
2,212,170
3,030,437
3,908,657
4,976,358
the
year—
2,985*803
$2.64
$3.13
share
$3.74
notes
receivable
V
Prov.
of
9,037,655
12,970,318
13,517,579
12,745,678
136,931,651
126,537,915
2,088,327
887,986
1
*M&int.
All
of
other
Pars
11,128,990 131,691,543 142,577,454
' 4,272,833
47,116,610 52,107,606
4,734,169
maintenance. Crl,218,226
Conducting car oper.. 1Generarexpenses^.;fi—1
Crl50,621
4.227,657
Total
,
i
,•
Net
'
r( venue—
.
Total
•Includes:
'■
L*.
S.
—V.
excess
126,701
931,331
1,458', 178
13,928,505
9,148,653
17,105,659
962,149
4,779,852
9,045,264
875,438
7,912,143
10,522,551
4,121
Cr3,149
5,628
Crl5,462
'
taxes—
44,243,400
39,820,310
39,820,310
19,038,823
62,974,695
—
19,038,823
53,055,262
222,767,970 210,851,792
...
163, p, 1436.
5.69&.13G
1,129,363
37,089
1,379,050
Mines, Ltd.—Stock Offered
&
incorporated
was
under
the
laws
the
of
Province
of
On¬
gold
business
these
from
Lookout
—V.
Area;
164,
Red
Lake
Mining
Vermillion Townships, in the Sioux
of the Province of Ontario.
Division
2734.
p.
Riegel Textile Corp.-—To Reduce Capitalization—
peace-year demands for petroleum products, met
operation) an 1 a continuing concentration of
marketing
by ..flexible
and
transportation
activities, provided record sales volumes for the
Henry I.I. Dawes, President, states in his letter to
lng the 33rd annual report,
which showed
the highest sales volume in the
history of the company,
The
report disclosed net surplus earnings of $17,107,961,
equal to
•£•3.74
on
common
shares
after
preferred dividends,
compared
with
naming3 of $13,581,770 in 1345, equal to $2.64 per share.
Of the 1946
.earnings, $9,919,4"3 was added tt> earned surplus; 'and
dividends
in
company
1943;
shareholders
amounted
accompan
to
amounted
$7,188,523.
to
construction
Net
current
assets
$52,038,91*,
program
the
at
part of which
is
which has been delayed
end
of
the
surtax
improved
which
the
was
lubricants
of
he
"No
activities
quality md
once
and
accumulation
an
basis
the
said.
products
concerned
become
now
for
its
of
entirely
has
for
uses
a
of
until
with
source
the
of
industry,
operation
arts,
variety
and medi¬
Mr.
Dawes
company's
fn
civilian
1943
average
fining
proved
reported
4%
in
gasoline,
for
up
Crude
than
net
were
1346
oil
in
business
production
1945
barrels.
ne*r
lubricants, fuel oil and accessory
shrinkage in military markets,
the
1945
Increasingly profitable and
and
In
of
as
levels.
largest
27,900.000
slightly
spite
the
of
drhing, n»mosf
possible
tq
Tt'iely
secure
t.
*
resolution
Delaware,
unissued
and
the
2,940 shares,
in
the
2,940
the
continental
sufficient
activities
p.
such
charged* against
shares.
appropriate
of
shares
xhaies.—V. T65,
CONSOLIDATED
Period End. Dec. 31—
•Net
sales
Interest
will
ranking
States
and
owned
STATEMENT
It
only
the
employees
profit
promising territory
to
Justify
it
has
carry-
stock
$80,830
$143,914
of 300,000
issue
new
a
subject
to redemption through a sinking fund.
To
preferred stock issued, has been issued to the
of the company in part payment of their
bonuses.
is
prior
and
executives
sharing
BALANCE
DEC.
SHEET,
31,
1946
ASSETS—Cash, $333,997; accounts receivable, $1,091,651; inventories,
$1,921,072; plant and equipment (net), $1,738,804;
deferred charges,
etc., $116,038;' total, $5,201,561,
LIABILITIES—Bank
accrued
loan.
dends
payable. $15,001;
fund
requirements,
preferred
stock
current
$110,270;
($5
$473,730;
payable,
accounts
$250,000;
taxes on income, $470,885;' divi¬
portion of long-term debt and Sinking
Federal
$294,965;
expenses,
long-term
$1,267,408;' 5^
cumulatne preferred
debt,
.0%
$33,900;
pari,
($5 par), i998,320; common stock ($1 par), $260,961;
stock
($1 par);
$99,560; paid-in surplus, $364,868;
prior
stock
class A commOfi
earned surplus;
stocks and ..pre¬
$584,142; sinking fund for retirement of preferred
ferred stocks held in
treasury, Dr$22,448; total, $5,201,561.—-V.'
165,
1596.
Rutland
RR.—Earnings—
from
Net
ry
1945
$348,758
$360,683
*22,971
*47,238
*10,131
*109.398
railway
*55,585
*74,419
*33:, 791
'
from
railway
income—
.oper,
1944,,
1946
$373,356
46,765
1947
$436,394
February—
Gross
From Jan. 1—
Net
irom
railway_r—
railway—11—
from
Net" ry. * oper h income
*Deficit,
_
_
793,346
*153,496
*211,801
'
*120.237
"*237,326
"
•
732,555
678,395
*49.897
*111,033
896,983
„
^
*22,149
T
*71,-249
.
.
Plans Payment
to Bondholders—
.j, /
Jchn D.
Babbage, President, has petitioned the United States District
Rutland, VI., to order the Central Hanover Bank -Is Trust Co.,
Court at
New
N
Y.. trustee, under Ogdensburg & Lake Champlaio As. of
brndholders $15 per $1,000 bond from accrued rent's'to¬
$66,175 and other cash amounting to $6,819 from Rutland
Transit Co. operations.—V. 165, p. 1322.
York.
to pay
19^8,
taling
St. Louis Brownsville & Mexico Ry. —Earnings—
1947
FebruaryGross
from
Net
from
Net
ry.
railway
;
$1,415,624
$1,512,397
$1,679,309
480,137
638,433
871,443
218,121
593,962
257,655
175,110
230,577
3,003,830
2,905,903
3,483,624
3,318,138
952,422
1,236,057
1,687,807
1,688,327
464,114
564,340
451,578
424,446
—
income—
oper.
1944
1945
1946
$1,475,807
railway
from
have
railway
railway—i—
income—
oper.
165, p. 1322,
Louis-San
St.
Francisco Ry.—Earnings cf System-
of
status
the
1947—2 Mos.—1946
1947—Month—1946
Period End. Feb. 28—
Total operating expenses
$7,486,633 $16,708,490 $15,769,369
6,370,629
13,556,261
13,303,782
616,974
1,433,451
1,481,276
$8,162,428
6,289,836
856,711
Net railway oper. income
OF
Total
INCOME
1946
9 Mos.—1945
1Cost
discount-
from
?/41.482
$898,193
$662,360
19,655
88,318
45,386
4,123
85,$8$
j
S.
gen.
&
109,117
60,163
257,060
175,386
96,045
424,522
205,562
31,253
5G.7C2
142,025
350,637
amortiz..
exp.
on
foreign
excess
39,333,345
23,758,713
101,969,803
82,871,511
14.390.184
56,738,234
52,254,452
10,213,823
6,765,893
210,873
23,938,234
"18,837,756
192,428
776,359
575,730
212,864
571,820
573,056
3,189.857
surplus
6,905.310
17,126,344
1,324,012
'v'.
to
—
4,238,839
873,329
Dividends—Preferred
Common
10,009,344
:
(cash)
-
in
com.
share-
•
$2.04
SC.39
3,504,171
345,799
345,796
2,111,107
.
,
per
1,723,106
'
-
$4.79
$1>64
•Including billable costs and fees under eost-plus-fixed-fee contracts
the 1945 periods.
^Including costs under cost-plus-fixcd-fee con¬
tracts
in,.tb&; 1945
$5,885,000.
53,124
>
•>.
s
r
for
$1,468,6^5""
$658,237
$878,538
charges
EARNINGS
•'
February—
Gross from railwayNet
from
Net
ry.
COMPANY ONLY
OF
1.603.450
$i^df,'989
2,837,554
638,761
1,431,003;
15,844,676
railway——.
2,910,326
15,028,045
2,303,831
income—
1.225.451
1,418,259
•
.
<
I ft
1944 if
MC
1,087,683
■
railway.—.
.
:
$8,853,290
75L',764
income—
oper,
is
$7,209,101
$7,703,648
railway.——
1845
1946
1947
-
$8,876,001
« :
"2,560:896
1,157,447
>
From Jan. 1—' %
from
Net
from
rv.. oper.
—V.
165,
p.
18,475,671
5,881,271
,,5,183,593
2,843,930
1596.
17,833,102
'^2,816,556
->'•4:..
t'.
taxes
—estimated
Earned
fixed
available
Net.
of
income
profits
Income transferred
earned
Balance
Gross
debs.
$1;577,265
4 9,276
$1,521,769'
..rii.n.
of
:
—_
813,247
271,401
exps.
amortiz.
&
&
&
81,532,240
21,208,550
sales
&
costs
U.
101,365,155
income-
properties
Interest
23,207,325
income
Deductions from income
$
partly-
————
of
Sell., adm. &
Deprec.
S
corporations-
Miscellaneous
marketing
and
preferred
dividend.
authorized
stock (par $5). This stock becomes the prior
of the company and has a 5%
cumulative
Total operating revenues
254,
1946—3 Mos.—1945
39,096,529
—
Dividends
the
been
shareholders
Upon the
certificates
$
barrels
have
1946, the
Other income
the five-year
handicaps, re¬
Concentrated
United
filing
be
shall
of
respect
under
strike
transportation
net
in
bibadened to maintain a favorable, competitive
position.
After"' terming
the maintenance of
adequate crude reserves,
"the
first atid continuing resuonsibility." Mr. Dawes
said, "the company's
policy under pre~ent. disturbed
conditions
has
been
to
confine" "ts
been
of
Total
describing
lower
27,925,000
operations
of
nv>de
operations.
was
of
use
than
more
this
but
35,881
Remington Rand Inc. (& Subs.)-—Earnings—
•
of American
industry has been more alert and cour¬
both in the discovery and development of new
products and in
their
application," he added.
"A
basic
'must'
in
good
times
and
bad
is the constant
development and extension of the activities in
petroleum refining."
has
of
authorized
of
infinite
an
the
an
production
branch
Increased
represented by said
of the coiporation
State
the
48,000
23,000
—
13,
date,
from
a
ageous,
items
in
116,000
profit
Dec.
rv.
adoption
339,756
:
shares of prior preferred
Net
capital
549,690
8,874
admin, expenses
Excess profits tax
Net
is
variety
almost
fuels
chemical
new
cine,"
of
the
$2,282,839
<{1,755,372
i
—V.
coiporation
year
by postwar shortages.
providing scores of new products for
key markets and other products being developed are assured of broad
distribution, according to Mr. Dawes.
"This industry has every year
Diversification
the
1945
1946
Provision for Federal income taxes, normal and
corporation
Will vote April 8 on a proposal that the
capital
be reduced by retiring the 2,940 shares of common
slock owned by, and held in the
treasury of, the corporation, and that
$58,800, being an amount equal to that part of the capital of the
of
1947.—•
2,097,890
Other deductions
stockholders
The
increa-ed
2,
Jan.
$2,916,368
-
goods
sold,
Selling, general and
Gross
jpure Oil Co.—Annual Report—
stock dividend
a
From; Jan. 1—
"
Sharply
as
the
ore,
company intends to mine and mill the fame so
of the company will be the
mining and milling of
properties.
If sufficient tonnage of commercial ore
not revealed, then the company
may never go into business.
The company is the owner of 18 mining claims
comprising about
that- the*
720 acres, situated in Pickerel and
9,425,947
-i mCT
■
tario, April 3,- J 946 principally for the purpose of exploring and de¬
veloping mining properties in the Dominion of Canada.
Its principal
place of business is Sioux Lookout, in the Province of Ontario, Canada.
If exploration and development work reveal suf.'icient
tonnage of
5,196,870
'
of
,
Company
$95,488,159 $63,869,145
issued
112.
sales
Cost
Gross
Lake Gold
Red
—James M. Toolan
commercial
374,151
1
and
578:'
p.
par)
no
—
;•*»> f£ «ft.'
26,150,923
1,728,684
345,482
profits
•^V. 165,
shares
Registrar transfer agent The London & Western Trust Co., Ltd, 244
Bay Street, Torciito, Ontario. •
*
,
income
<3,982,031
3,820,135
2,690,833
:
-
shares
100,593
_———-
_______
2,536,388
44,243,400
4,676,436
3,745,105
36,288
taxes
2,721,689
surplus..—
Net
p.
Co., New York is offering (as a
speculation) 400,000 shares of common stock (par $1) at
61c per share
(U. S. currency).
5,278,313
p.
15,749,943
21,596,827
-
•
:
165,
Net
is
Govt,
surplu
and
stock
surplus
Realmont
f Includes:
Payroll
3tock
24,692,745
437,213
adjustments—-
capital
12.997,|74
-
315,247
819,674
Deprec.
in
2,870,992
893,394
3,400,000
2,564,132
1,256,889
Depreciation
812,946
3,900,000
2,489,611
7,33b,388
441,943
—
revenue
:
accrued-.
135,099
60,361,260
280,073
.
2.9,800,000
7,450,587
657,178
net
(Taxes
;
2,002,923
23,575,000
(net)-—
1965
Total
1,283,381 Crl,919,547
416,361
:
—
to
62,840,790
veil' 'mm m-
revenues-:
5Tpifef\I expenses
taxes
1947
3,877,178
1,220,691
Op&&lioMhr*
553,043
553,043
2,423,724
income
stock
:
;
•Includes
1,200.000
11,302,158
""•565,467
<
487,431'
revenue
Auxiliary
:
-
Jan. T
cumulative preferred
Earned
r
Net
1,225,000 j;
13,98.9,721
year
purchase obligations," etc
replacement oi equipment
contingencies
Paid-in
$
surplus
Total
V.
10,115,693r,44,a75,373
——-
1
etc
subsidiaries
5%
Earned
On
25,619,560
for
Common
1946—12 Mos.—1945
one
etc.a.
Minority interests
EXPEN3ES OF CAR AND AUXILIARY OPERATIONS
surplus
^
due within
notes, due
—
Capital
Net
13,483,792
advances,
Fed,
for
;
$
30,240.831
payable
for
Res.
(The) Pullman Co.—Earnings—
9,454,632
689,843
promissory .notes -due to Oct. .18, 1953j.1—8,575,C00>jr;
Sinking fund debs, due Nov. I, 1960
18.740,000 20,370,000
preferred stock ($25 par)
2,581,874
2,561,874
Common
stock
($1 par)—.
*2,119,109 - 1,922,718
$4.50
1945
23,052,679
6,980,844
(net)
liabilities
Deferred
revenues...
_i.'_
—
insurance,
DEC. 31
—
payable,
Dividend
"
payable
for
2%%
3,981,061
-
securities, at cost-
notes
Reserve
1946—Month—1945
Sleeping Car Operation!:—•*
$
7,459,905
817,245
——
year
Republic Drill & Tool Co.—Earnings—
222,767,970 210,851,792
Accrued
(Continued from page 16)
Period End. Dec. 31—
9,408,757
——
one
6 Months Ended Dec. 31—
1,000,000
emergencies-
$
and
Accounts
-j'j
^.
contract-
5,443,000
etc..
Property, plant and equipment (net)
Prepaid and deferred charges..
Contracts, rights, patents, trademarks,
Serial
T6tal
Govt,
2,552,075
3,014,685
1,069,567
185,702
183,429
2,786,533
to
LIABILITIES—
REVENUES AND
U. 8.
2,790,931
3,154,793
1,337,098
war-
19,524,945
Serial
General Corporation and
*'tV>
! $209,312
4,637,834
3,664,674
1,630,000
25,351,635
4,432,184
Total
<
»:
—
etc.—406,559
Reserves for foreign exchange, fluctuations——.
353.845
Reserves for contingencies
1
1,208,851
.
22,066,351
Canadian non-residents' tax.
"f
$95,488,159 $68,869,146
$3,682,838
cn
Reserves
Cr2,715,512
for
Investments,
dividend.
Less
1
—
payable—
:
Cash
.
deductible
a
!
—
3,055,000
819,394
500,000
1946
7-21
4-15
-
7%.
tax
S. funds,
<
172,150
ASSETS--»
7-31
5-
1
110,473
346,971
859,266
4-19
4-30
c
1,842,197
——
loans
Dividends
26,008,262
374,004
—
common
per
$31 '/4C
—
Canadian
in
tax
413,975
dividends
$37'/2C
iquar.i
books
•Transfer
resident
of
refund
Common
*25c
371/2
quar.)
iquar.)
Jamaica
20,684,744
income-
dividends
7-19
371/2 C
(quar.)—
tquar.)—
(increased
17,181,630
—
;Funded debt to be retired within
24,487,262
1,521,000
applic. to minority interests
Inventories
x
19,149,405
1,535,330
CONSOLIDATED BALANCE SHEET,
preferred
2,674,998
525,355
(net)
,».
Preferred
6-20
25c
Income
5-20
7-
...
common
20,890,124
"3,049,148
...
taxes on
for war-created
5
25c
Ltd.,
3,572,958
years—l,
prior
5
6-16
1
convertible
4,12Q„965
taxes, on
—...
amortization
inc.
Federal
5
$1.12 >/2
(monthly)
Company—
convertible preferred
'H
4,402,117
513,655
facilities—
plant
.w«
(quar.)
—,
8,011,978
—
:
Commissions, salaries & wages
Accrued taxes, interest, insurance, rents, etc.—
Estim. cost ol redemp. of mdse. coupons, etc.—
;U. A & foreign inc. & excess profit taxes—est.
purch.
Federal,
etc.
Federal
Cab
Kellers,
notes,
before
Income
4-15
,
Additional
Monthly
16,102,897
inc.).:—
Fed.
!,
—
—
Advances
15,343,010
obliga¬
etc..—
1—
disposition of capital assets
for
contingencies-—
'
Yei.ow
126,696,273 121,898,705
13,921,487
allowed—,..-
serial
on
9
4-15
25c
'Monthly
139,674,346
tions,
4-19
1
5-
75c
„
Jr.,
1944
(incl.
income
discounts
Int.
1
10c
dividend
(Wm.)
1945
165,309,653 166,061,822!
depl,
contracts
LIABILITIES—
Bank
178,888,074
in/irifafi•'7
r- 1 *
income -1—————J--
income,
Ltd.
Total
YEARS
exps.__'_
gen.
and
864,757
17,133
18.708,738
6,260,459
2,244,343
847,062
10,229,001
1,765,375
~
facil.
2%
Cash
4-
Monthly
■
CALENDAR
23,939,272
6-18
4-15
$1,121/2
4prior preferred (quar.)—
ivi% convertible prior preferred
^
Operating
1,
V/orthington Pump & Machinery,
FOR
—
paid)———
than
(other
if hot*
Other
3-31
$1.50
i
ACCOUNT
3-26
..
1
7-
$1.25
(quar«)^—.—
Cotton
and
sell,
deprec.
/•
cost-plus-iixed-fee
equipment
Goodwill, patents, etc!—
,
$7,117,689 $12,131,506
1,678;582
14.122,186
advances
charges
;
23,528,498
-
Govt,
—
Vx,
1945%;
prospects
income..—:-.
bonuses
Taxes
.
Wool Combing Corp. of Canada.
INCOME
and
and
^
>
on
use
(net)
on
-
machines
Deferred
good
a
Loss on
<9%"preferred (1897)
4-%
4-10
4-15
,
(quar.)
Electric— '
for
lease
.
—
Power
Frov.
1
$1.75
preferred
(quar.)———..——_—
Candle, common—————
Baumer
11-
25c
——
Chocolate
operating
Costs, oper,,
2-1-48
2-15-48
$1.25
,
Corp
7%
Suchard
Wilbur
for
1
11-15
-
50c
—
Oil
business
for
are
fees
under
cxp.
assets
'Properties
.
.
Cutnmon
River
outlook
to
31
1946
34,605,809
Investments
Other
war
$
Gross
1
8-
for
required
SHEET, DEC.
Inventories
;
$1.25
Wignita
5-
been
"have
restricted
receivable
—
•
l
8-15
$1.25
(quar.)
largely
1946
2-1-48
5-15
$1.26
(quar.;
(quar.)
$1.25
preferred
said,
$626,626
and
costs
Trade accounts
l
11-
75c
75c
preferred A (quar.)—„
preferred A (quar.)-—
Western Tablet & Stationery Corp.—v
6%
products
profitable
he
BALANCE
■nyl';:'-V-C-"'
.
drafts
contracts
normal domestic markets."
the
"indications
CONSOLIDATED
1
8-
8-15
75C
5%
.
less
resources,"
3-14
75c
the
available
3-14
$35c
—
(quar.)
On
that
company's
from
to
uses
(quar.)—
"The
&
Unbilled
in 1947, Mr. Dawes reported
demand for petroleum products with
the company in a position, because of its properties and resources, to
meet conditions with the flexibility necessary for proper adjustments."
units.
1
including
Cash,
Rental
4-15
'■>'
Reimbursable
year,
$1.25
CONSOLIDATED
.
Accounts
Important1'acquisition."
an
■
U. S. Govt, contracts at Dec. 31, 1945—
,U. S. excess profits tax refund bonds—
Earnings in tne marketing division were greater than in any previous
Mr. Dawes reported, with increased sales of 25% through retail
5-15
4-15
.
A
being
being
$1.75
p®i.
;5
is "developing a property which has every
commercially productive and with the possibility
4-25
*■9%
t
.
Co.—
4Va%
:
ASSETS—
company
32c
—_———
A
of
5-15
6- 2
(quar.)
preferred
1
4r
4-15
2
$2.50
ts-a)
co,
tquar. i
5%
will necessitate higher prices."
production in Illinois since the
Wyoming
(quar.;
Common
Oil
Pure
in¬
4-25
(irreg.).
preferred tquar.).
preference (quar.i
Facific RR., common
Common
that
necessarily
4-25
Ltd., class A
Common
disclosed
Dawes
must
1
———
$1.40
greater expense and consequently
Mr.
costs
1
5-1
<
$1.25
Extra
Western
material
5-
Co.:.——„r
T/tsitem Grocers,
and
5-
37'/2C
„
Co.,
Mfg.
labor
$1.12'/2
.
Co,
Electric
volve
higher
$1,06 Yi
5
.
preferred tquar.)
preferred
tquar.)-
t»%
drilling,
Deeper
4-16
r
Electric—
W/{lngton Fire Insurance
WAt
1
lng on a heavy exploratory program.
This program entails higher
expenditures and deeper drilling, but that is not a consideration from
which It would be relieved if it were to operate in a foreign territory.
discovery of the field almost ten years ago, has been approximately
90,000,000 barrels; current production there Is about 23,000 barrels
daily.
Large Rocky Mountain acreage is under lease, he said, and in
——.
$5
4-16
1
5-
1
■•,V*»4-
4-14
6c
tquar.).
ts-a)
Securities
5-
62 '/2C
Co.-.
common
preferred (quar.)
Wawa^et
•
tquar,)
Chemical
tquar. 1 ——
convertible preferred tquar.)
Waoiungton
4-15
...
61
1
4-
4-10
.;v,, 15c
33 %c
preferred
$4.50
5%
class
tquar.)
Refining
Payable of Rec.
5c
(irreg.)...
Company
Warren
5%'
Share
7%,
Investing Corp.
Holdert
When
Per
Name of
.
Wall
7^ 1947
Monday, April
periodsrottlBcludihgr.UcJS.-excess profits
<
'
"
taxes-of
«-v>, ' '/
St. Louis-San Francisco &. Texas Ry. -Earnings—
February—1947
Gross from railway.—, $349,304
Net from railway——129,802
Net ry. oper. income___
86,834
1945
1944
$310,551
$307,705
133,422
.127;553
V
1946
$213,144
17,517
*24,446
"
37,551. r;:
23,615
From Jan. 1—
Gross
railway^..—
628,237
railway——,U ' '
155.930
from
Net
from
Net
ry.
oper.
income—u-'
•Deficit.—V.
165,
p.
1322.
70,841
'
'
-
/
600.030
144,426
64,449
■:
617,110
228.427
533,638
...
262,011
56.964
85,677
1
Volume 165:
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4583
St. Louis Southwestern
Period End. Feb. 28—
Railway
oper.
revenues
Railway
oper.
expenses
4,925,973
The
5,229,161
registration
1941,
March
Net rev* from railway
:
;\'i!. operations
Railway Tax Accruals—
»Ad
valorem
■
Federal
•
income
taxesi
Other Federal taxes--
-I
-
Railway
Other
-
»'
-
income
—
".V
•'
t':-v
$641,577
$540,789
j.Net;,inccme-—v.-—-
'~V.;165, p.,1460...
-7
-
: ;
*
■
a-.
/£\
"
/
$1,019,675
Due
7
-
t' Period Ed& Mar. -22—:1947—4 Wks.--1946
..
2
.
.
Sales''^2----7-$84,21574S0 $61,391,488 $240,051,520 $181,027,066
company.*had- 2,407 stores in operation duying, the four, weeks.
ended Man k 22, 1947, as against: 2,437 in the corresponding period, of
last*yea*.—#, 165, p."1586.- - • v
t
:•«i
..
,
.f
,77
'
Salant & Salant.Inc., New
y..,,
t
February—
1
Yark-Registers with SEC
>
2
Net
.
.
ry.
income—-
oper.
7 < 'Deficit.—V. ?165,
1946
>1947
7 $232,959
*38,110
*100,707
--
-
Nefc.ry. oper.'ihcpme-_>
VFrom Jan. 1—' 77." ' "
Gross, from railway—•
Net from raiiway-_-*..r^
c
»
,-7-
( Net..frpmv railways
^
,
>
from railway—__
Gross
•44*377
/V
' /.,V '
7
9,523
r440,030
t
stock
year
amounted
stock of $539,157
Dec.
31,
resumed
were
;392,030
'
54,468
*3,557
*57,968
.
3500,000.
As
result
a
these
of
of other
issuance
Th
complete
of
105,000,
—V.
bank
debt
securities
is
*124,701
"
-
to
market
when
conditions
budget calls for
$13,748,400 is expected to
construction
which
7
165, p.' 724.
7
.7
effected
be
Gross
Net
;
*21,31)4
*132,509"
'
v'
,
ira.
the
year.
■
TCAul
vvil vh
VJ1 Uoo
distributed
to
Net
'
-y
•
oi
this
out
- .
for
*)■
'
Period End. Jan. 31—
Operating
"
/ f
-
$1,129,525
and
express
before
""•
parcel
post
.
income
U. S.
taxes
and
^7 '
63,413
>
,._7:_—
-expenses,
701,370
"
Real .pstate' taxes—
I a x e S—*j
*
-Net
K^i,<
Other
'
a
earned
Dividends,
Dividends
$16,year.
-
*
-
surplus at
on.
preferred
on
common
Ealance
-22,959-
•
1*215,758
155,100
ineomej—_
"
$595,676
2,565
•*•;. ;
d
2,642
.
;
.
shares
per
taxes
,
A
$329,112
$314,438
V.
common
Depreciation77 i:———
.
V
v
Net
-
4,518 ;
■
.'
in
*****
V
v
•
-
•
profit
-u—
^
■
(4,546
and
•
acc'.ued
142,367
Rolundabte income and
$308,448
' ..tr'*v'
T
" J
"
t
balances
in
.
Other
tion
'r
•
•
was
For
announced
the
authorized
f
•
-
2
corpora¬
stated
a
value
of
$5
share,
per
four new
plan* which will apply only when
in
excess
shares
.excess
to
be
ry.
issued
1 Net- -income
.
<
in
>
be
if V
(yf ■ 4
$21,366,886 $19,864,720
2,000,616
receivers,
and
Ry.
911,828
1,656,062
2,089,144
*59,415
1,361,484
3,442,858
12,084
are
L. R. Powell, Jr., and
computed on basis of old
Co.,
Henry W.
company
Following
A
the
stock
the
of
par
$100,
placed cn the agenda
was
SEC
excess
7.217
——2-—
than
have
incomfe
liabilities..
the
^gent.—V. 165, p. 1596.
April
,
'
.
-
165, p.
983.
I-!.
t.rV}a**%.-2.$sp$-
" "
*
1946
1945
;
>
*—7:77.7$7,969,994 $16;717,233
1
7^
7
outstanding:—^.
-
•
••
7 266,000
"• $1:20
f
$1.68
-
-
„•
•
.448)185
266,000
,318,741-.
>
_t
*
»
7:-v-
-
-
-
filed 'a' registration' st'Atement -with"he
28
Underwriter^, Smith, Bariiey
Chicago;
to
re.ire
Company will um»>
a
$1,500,000 bank
7,,.^=,
«
-
^..'>3.
«
1635.
:
of
profits
$11,511
ih
taxes——.—
>
2:
7'
$1.07
..
5
;
?
'1945
'$1,731,504
•
$1.10
.
7
2
a
company
for
on
$5,100,000
are
to
«
The
1947.
■
a
p.
185 142
185,142
3,353
bonds,
This
39,725
from
Net
.•
-
Gross
from
Net
ry.
20,000
;
689,013
1,160,664
cents
last ";
paid
Additional Interest-r-
1950,
due
April
1,
1950,
^
>
would
1947.- in the amount of $10
payment of
a
c
be -T
-
$1,000
per
April Kh
on
$30 per-$1000
278,436
$3,478,546
of. preferred stock-in
Government securities
used
due
1977.
Names
under¬
of
2,097,000
kwh.
for
the
cor¬
6.2%.—V. 165, p. 1773.
■
1946
bond
r* *a
on>
*32,167
.
$370,012
146,053
151,298
..
..
%
58.718
'
10,000
25.901
298.323
*85,660
^ 753^01
922,030
126,575
income—
oper.
*106,34 7
7
p.' 1236.
339,155
T
181,027
'v:(
'
,*
1946
$591,711
$4.00
share^—
common
1945
$1,869,558
—
—
71,703
V-:
536,154
$1.27
Record sales- boosted net income to the largest in the history of tho
company, A. J. Freiler, President, stcted in..iiis annual report to stock¬
holders.
All major lines—Paris, Hickorv, and "Perma.lift" shared, in
the increased volume.
Production "facilities were expanded
to keep
with
pace
to
pany
increased
improve
its
sales,
while
service to
larger
inventories enabled the com¬
important factor under
customers—an
prevailing competitive conditions," the report' said.—V. 163, p; 2484/
.
Suburban Propane Gas Corp., Whippany, N. J—Reg-'
isters with SEC-—
The
.
March 28 filed a "rcjistrctiori ftatcment with the
($50 par) emulative preferred, convert'ble intv
$1 par common prior to May 1. 1957. Underwriter, Eastman, Dillon (*
Co., New York.
Company will use $375 000 of proceeds to pay out¬
standing bank loan to National City Bank, New York, and *$250,00ff to
pay a short-term bank loan to Fidelity Union Trust C6.,'Newark, N. J.
Balances .will bv added to working capital.—V. 105, p. 1635.
V7 *
,
SEC
company
for
50,000
cn
shares
Sutter Buttes Land Co.
(Calif.)—Pays Interest
Arranged—
on
Sec¬
ond Mortgage Bonds—Bank Loan
The
due
■
second mortgage bonds.
'
,
in full oil
lias>announ.ced it is paying back interest
company
-
-
has arranged a $250,000 bank loan bearing 3Y2 % anti
the above purpose. The ennpany states that wiihhi
it may be in a position to distribute a liquidating div¬
company
in 10 years for
a
year or so
idend to stockholders.
i
,
'
;
.
-
,
Net
prolit
the
for
year
1946
to
amounted
$14,142,
•
A
Symington-Gould Corp.—Annual Report—
of
1945 business was concluded during the
year
re¬
sulting in a refund' to the government for the first time since the
1942 renegotiations.
The net cost to the company, after considering
the
off-sets
for
federal and state tax adjustments, amounted to
which was
earnings of prior
$121,687,
".'of
war
in
order
full.
A
charged
to
"Contingency
war years.
termination claims,
This
.
claim,
:
.
Reserve"
■
set,, up
.
*
cut
.
with one exception, have been
amounting to less than $3,000, has been
ultimate settlement without loss is expected.
action has been instituted by The United SteelCIO, against rs en beha1! of present emoiovees *» n
recover upwards >r $-"0,000
for alleged overtime work
paid and
representative
partially
1945
v
?
$443,645
v.
524,786
profit
Earnings per
to Mar. 31
^
*54,382 7
v
"1944
7;l" 1945
*
(A.) Stein & Co.—Earnings Increased—
settled
"
22,848
1946
Calendar Years—
reim¬
to
improvements.
$286,059
railway-
'Deficit.—V." 165,
545,238
729,339
earnirgq-»jxa_ 8$5,831,524u: $5,707,777 $65,137,133; $62,202,073
1774.
^
»m\
165, p.
20
7y-((T'!
':'Y
*
818,940
registration statement with the
1946-H-r git, 1945
Gross
of
350.
p.
railway.^:..,7.
from
•
20,000
Southern. Ry.- -Estimated Gross Earnings—
.:
—Week End. Mar. 31—
Jan. 1
—V.
total
.*126
l~,7t *
prom Jan.
635,050
636,046
243,840
Proceeds will be
Period—
.
a
157,
1947
$248,675
railway
Net ry. oper. income—.
Net
1945 to be applied. "(Including
§A*fter reserve for doubtful
in 1945." IIAfter reserve for
with
or
Staten Island Rapid Transit Ry.
by
compared
on
of
to
February—
'
railway..*—
>18,120
12,000- ^
544,859
an increase of
series
in. addition
is
Renegotiation
2,226,000 kwh., as
responding week last year,
1946.
1945.—V.
Corp.—Ruling
income
Gross from
1110.
totaled
22.
1947 to holders of these bonds of record at the clcse of busi-7
liess qn Mareh-1&, 1947.—V.165,
p. 15JO.
^
Cf 11,287
Southern Colorado Power Co.—Weekly Output-— -.
Electric output of this company for the week ended March 29. 1047,
for the May
Nov.
cents in
April 1,
40,999
128,939
bonds,
15
York: Curb Exchange -on-April s announced that- the 5%
New
The
mortgage
cents per share
bond, payable to holders of record at the close of business
-
'32,088
•
registration statement with the SEC
Names of underwriters are to
March 28 filed
first
and
10
quoted 'fex interest''„on April-8,
,
be determined
declared a.dividend; qf 57
stock, payable April 15 to holders (of record
with' 10 cents paid on Dec. 20, last, and 5 cent.i 4
compares
June
,
$124,182
■
386,202
?
*
——
filed
March 20*
common
against
Starrett
•
secured
$3,478,546
46,380
—^.*
tax refund bonds.
194s and $12,369
on
B
..
"fc> l
15,
'
;
-
on
as
competitive bidding. Part of the pro¬
ceeds will be used to redeem $3,762,000 of outstanding first mortgage
bonds at 105 V*. Balance will be applied to capital additions.—V. 165,
1947, as
owners of the
•
-
April At This
All
fixed
"'/
-
'are-leing soid-by Certam stocitr
class
each
,
'. 27,501
.
$192,11794,573
'
company's treasury funds expended for property
writers
Anderson,
charges.
the record date for deTermination of the registered
issued and outstanding
-general mortgage 414% income bonds, series A, who are entitled to the
payment of interest for the year 1946, payable on May 1, 1947. on said
bonds.
Checks in payment of said interest will be mailed by th: paying
directors
••
.
■-
$431,325 arising from conversion
$135,823 in 1945.
'After deducting
-meeting of the board.
The
42,763
Southern California Water Co.—Registers with SEC—
of directors on April 1, it was announced
declaration of a dividend on the 5% series
meeting
consideration
preferred
shares
165, p.
the- 6 %
•To Consider Preferred Dividend—
lhat
i.
.
(trade)—
200,000 shares (no par)
common.
determined by competitive bidding.
The
Line
838,444
(
.•-* *
1"
:
3,342,025
first
Air
'
...
Standard Tube Co.—To Pay 5-Cent Dividend—
,
r.?
it
-
other
—V. 165, p. 1773.
tFigures for 1947 are after deductions for interest on S. A. L.
mortgage 4% bonds and general mortgage 4V2% income
"bonds, but before deductions for "capital fund account" and "sinking
funds" on said two mortgages.
Figures for 1946 are those of 8ea7 "board
1.285,591
■:r.'
South Carolina Power Co.—Registers with SEC—
burse
1947—2 Mos.—1946
1,607,614
—
2QZ;,
-L.
.
—V.
•.^-72,215'4:
'
underwriting. Of the proceeds $100,000 will be credited to capital stock
to surplus.—-V. 155, p. 1G86.
"*Loss.
Co.
4,138
,
ex-
$9,729,861
>-
745,504
M'4,M
■:yx
<■
.
:
194S '
Net profit after charges and
taxesr-—i-—$1,702*221
Earned ;per "commoft-xbare^—T
2LOOO
The company on March 26 filed a letter of notification with the SEC,
10.000 shares of common to be offered at $17.50 a share without
M
RR.
prof, taxes- (est.-)
98,013
-
compensa¬
*560,253
income—
-
.
'■
3,418.CS9
.
-.1,297*655. f
Standard Steel Spring Co.—Earnings-Years End. Dec. 31—
*"
•2^.27p._.
and $75,000
incentive
$10,264,475
855,452
revs—
oper.
iy. oper.
Total
income..
696,381
767,421
:<!
23,651
for
Seaboard Air Line RR.- -Statement of Operations—
Net
-
*i:
77^.70
4,118,792
'
492,064
proceeds from the sale of 135,000 shares
loan.
The remaining 365,000 shares
•
.
'--v
1947- -Month—1946
105,518
"2,858,821
"214^? 77^
nn«7'
,
.
7
company1"on-March
year,
1,097,044
-
The company on Mar. 31
"Total
$714,213
South Carolina Insurance Co., Columbia; *S. Cw—Files
with SEC— i
/ '
7
''
for
Period End. Feb. 28—
The
.1945 4\ #
*,:
depreciation of $776,423 in 1946 and $712,083 in 1945.—V. 165, p. 1596.
the company's net earnings
$500,000.—V. 165, p. 1235.
of
market)—2——2-
loans
and
accounts
,
are
or
totaling $242,584 in 1946 and $378,950 in
March 25. approved a proposal to increase the
capital stock, no par value, from 100,000
of $20 per share, to 400,000 shares, with
on
of
surplus——
$53,500
stated value
a
7^1—.2
^Including
1946,
by Tore H. Niiert, President.
change-for-each share owned.
;;The stockhoidjers also approved a management
tion
t
Treasurer of this
outstanding
and
with
shares,
*25,091
.1944
,.$1,719,431
569,837,
7291,4447 209,281 >' "77 54,71A
303.282'
nings-^-
Tlie directors
$4,157,986
Scott & Williams, Inc.—Split-Up Ratified—
-The 7stockholders
7
1045
.1,920,848
,u
},'
.laj'-V
-ir
Net
Quartermaster Coips.—V. 165, p«.8l6.
>
•
current
Earned
Mr.
years
1
.1946"
$1,500,037
243,705
v'
—
Wylly has been Chief Auditor of the
Republic Aviation; Corp., Farmingdaie, L7 I., N. Y., and during 1940-43
-was Chief Project Auditor with the construction division of the Army's
;
.
March 27
on
four
past
329,040-
•
'
"V 356,365
payable-^-,—
Reserve for pattern -discards and returns——
Reserve for
contingencies.
5Vs% convertible pfd. stock ($10 par value)—
Common stock ($1 par vaiue)—
—
^Capital surplus
->
-
•
'
taxes
Mortgage
Scandinavian Airlines System, Inc,-^-New Treasurer—
as
" '1947
SEC for 500,000 shares ($1 par) common.
& Co.,. New York;
and The Illinois
on
T$520,I947;
securities, at ccst1
Provision.for U: S. and foreign income taxesDividend payable on preferred stock-—
accounts-re-
funded
appointment of George P. Wylly
;
31
$4,157,986
\
The
'•
v
Accrued
on purchase of income bonds through sinking fund,
debt, $8,114,750; reserve for renewals and replace¬
china, glass and "silver, $4,331; reserve for replacement
of air-conditioning units, $4,850;
class "A" common stock (par $1),
$82,050; class "B" common stock (par $1), $27,350; capital sunT.us,
$4,769,901; earned surplus (deficit), $1,169,958; total, $12,527,440.—
V. 165, p. 254.
"
"
|
353.3S0
™
Standard Railway Equipment Manufacturing Co., Chic.
—Registers with SEC—
•
;
.. 1*
,
.$0.40
2.'171946*.^
-.v;,rjsT.vc:"
hand--^-—'
liabilities-—
payable
Accrued payrolls
ments of linen,
7
29,331
$1,485,481
'
income_7_
-rV.464j <p.'1765.
'
discount
$220,099;
DEC.
investments
Accounts
ceivable. $23,333;-unearned inc.—business rentals received in advance,
$13,333;
SHEET,
Total
...
taxes payable and accrued.
credit
BALANCE
fund. cAShii—7,_^2-:2>-«w22w22'7.
.V-
on hand,
$48,000; cash in banks, $289,391; accounts
$100,949; --inventories,--$101,722; -investments -(nominal
value), $1* : sinking fund, $249; other inventories, $66,658; prepaid
expenses ar.d deferred charges, $58,103; fixed assets, $11,855,367; total,
$12,527,440.
- -iv
t
r
v
$151,373;
46,756
Earned- per - shftre---
545,238
,
$0.78
Deferred
ASSETS—Cash
expenses,
20,670
?>"•
Net-profit afterTcharges'and taxes—'
$278,436
689,013
Patents
.!
receivable.
LIABILITIES—Accounts payable, $125,406;
'
82,2tri
21,739
'
manner.—V.
holders*
$544,859
fLand, buildings, machinery and equipment——Vand trade-marks, (at nominal valueX—
charges _n__—*
;—__,7__7—— "
$309,391
;
JAN. 31, 1947
i :
131,801
Co.,
730,22G
143,931
BALANCE SHEET,
13,17-v
A-'-
v.-
51,692
"Net (sales cu7ii-7L
..
47,926
share—.7-7—2—7_
cost
71,204
r
38,92.)
23,166
;
Standardt
'
(lower
72,138
:,T.
$158.98(/,
7
228,751
_
'
Calehdar Years—
272,734
.
receivable
Inventories
Sinking
$168,234
..1944
7
.
63.087
^77; 9,739 s
'hi
;
.
$326,362
7. 24,186
—:
interest—
150,000
$160,620;'accrued
•
on
$601,759
-
1945
5171,785
25,128
75,391
ry: Toper*:inepme^;:;
usual
63,494
'
Z
^
and
147,814
$193,065
,
stock
* l: - -
banks
$600,194
^Before miscellaneous credits
-
10,743
'
railway—77.
railway__„_'__
'7^tr»Qf<«l*.:
,
..$262,868
278,436
stocks—..———
U. S. and foreign government
Miscellaneous
•
7
$125,663
i!
r^m >»nSi3,?51,SJf
Net'
*378,500 ;
$563,343,
beginning of year__
ASSETS—v
Cash
$597,212
-
75,000
'
arranged'"tj
was
294,942
From Jan. 1—
:
$641,368
425,000
surplus at end of year;
outstanding at Dec. 31
63,809"
—
charges——7—
:1948
36,143
■
from
from
tl
: Accounts
Total-• income..
-s.
h
income-.
oper.
Net-ry. oper.
42^613 '
«...
.
$588,340
—
CONSOLIDATED
; 40,198
f
7
Interest
sale
'
157,300
''"44,454
$311,797
$326,546
e on
the
165, p."i5oo.
Net
;including ;Jn i945 exc^sk profits taxes of. $330,000 less adlustment
of. $75,000 f«r overprovision "in prior year.
tSelling, general and ad¬
ministrative expenses include additional compensation to management,
$137,121 and $88,982 in 1946 and 1945 respectively, based on consoli¬
dated, profits before income taxes.
'
,
$2,008,268
1,324,418
v
77,550
20,854
;
as Robert Ke'th's
1»
100-ycar lease' on '*th>;
Spokane Portland & Seattle
Ry.—Earnings-
ii $598,755 7
$916,500
earned
Common
;
..
j 4?
<
incomes—_
ouer.
631,474
78,650
'
-
>
1947
$141,148
-
vt
>7J7T
,
February—
410,016
.
$841,779
-
$2,121,848
nrff
"
235,623 7
'
92,175
-
71,843
foreign income
Full
railway
Common
"-1 —1^.—'
—
JUL vilUL
Gross
•'52,482 ;
*
profit for year——,
Balance
Oper. and gen. & admin.
Other
income*
oper.
ry.
-v.
$3,055,981
1,975,492
2,168,230
55,981 •:
274,214
,69,448
.7—^--^7:;^-—-----
income
Net
,
1947—6 Mos.—1946
$1,041,675
railway™-
.
"7 t
$3,576,548
expenses-
the
7''7-
.ft.;
1947—3 Mos.—1946
-
revenues——
•
W3-»
ooo
re-
depreciation.—
Earnings
7 ";
Savoy-Plaza, Inc.—Earnings—
a
caiendaR'TeA^
contribution-;—^—
plan
for cstim.
Prov.
;
through
" 7
....
..
explained That
company
railway_____i
firom
Net
expenditures,
•*
..
profit before prov. for depreciation—
'Operating." profit
warrant.
paid
be
.
the
:■
from
from
Net ry.
'
«
expenditure
an
.
the
the university,
February-
7
cents
■•
•
'**<»« *' fche' siriie-period *
tSelling, general--mid- administrative
Other
expected
from
of
inri
"
y-i0r ".000,000.
transaction would not altn- iLv
•
said
company
bu-ldimr
Mo., to Yale University for $V
"
capital
Taxes other.thqn income.,$aKes«1-.-_2-L.7—77;.
.
has arranged a bank loan of $8;000,000 to be taken
down as needed. It will carry interest of 2%- to 2'/«% annually; And
is
to
mature*semi-annually from March 1, 1951, through Sept.- 1,
1955. The proceeds
will be used to finance plant expansion costs.
the
eight-it jrV'.o.iU
an
.'$24,186
78
compared
additional
Outward. ireight,
7 5
Diego Gas & Electric Co.—Bank Loan—,
of
the
properties
,
The company
Retirement
sold
°Per^10rJ of' their furniture store there known
was disclosed that'the company had taken a
two
'
steadily
the
***** ***
^.Provision,
a
to
or
1946,
"7 77
during
VUWI:
-
.
<made effective Jan. 1,71947;
Retirement
*51,694
.433,227
M
M.
of
Officials
year. • These' dividends" totaled $272,734,
stockholders.
;v
,
...
stockholders.
over
Gross
*1,278
r(
.
to
Profit
San
the
common
'
*214,425
P.' 1322.
during
for
*prpyislon for customers' discarded patterns,
-
$200,661 t 7.
; *37,448
*9,298
paid
shares
oomauDAUD income,accodot tor
1944
$211,277.
,
r
448,615
*85,922
n
1945
$238,133
of
-
7* ^';rvThc. company "on Marsh 2fr' filed a registration
SEiC7forT240,000 shares .($2 par) capital stock. Underwriter* -E%§tman,
v*7
T
-J. :
Report
March 17 said in part:
on
the' common
lasfySr.
-*
•
7.
the
due
was
,
f1:-
Inc.—Annual
has
company
Officials
; In December,; the President and .other, top management executives,
voluntarily relinquished compensation arrangements under which they
participated in
a
percentage of profits before
taxe'S. v This change
7-(The
% -1-
The
hf>use in downtown Kansas City,
A'.it is announced. ; ^
>••'
working capital declined to $1,852,265 irom $2,155,902 at Dec. 31, 1945.
The ratio of current assets to current liabilities was 3.2 to 1*
,
194.7—12 V\' ks.—1946
~
-
withdrawn
was
Spiegel, Inc.—Sells Parcel of Property— v
r
r ?1
5,\.
May
increasing demand for the company's patterns
equipment required to print all Simplicity
Patterns, it was necessary to enlarge manufacturing facilities. At the
end of
the'year, this work was approximately 75%" completed at a
$518,148
1
7
'
,
$10)
SEC
the
to
and
Safeway-Stores* Ine;—Current Sales Increased 37.2%
*
■
for
cost
$1,149,695
7
"
«
Co.,
available
689,013
on
shout -2.500
about 2,500
*
'
-
'
■
share
•
i.i*.
■
the
r'
492,774; " 7 501,527
$396,792
s.,
dividends
on
Dividends
>,
<
.
with
(par
outstanding at
with 40 pents on 545,238 .sh&res. for ■ 1945.
*
$943,489
—
76,185
$1,642,469
240,662 ;^:244,785
vi',v
filed
4753)
.
,
'
Pattern
balance
a.
share
per
362,569
$1,587,623 '
$4,846-
)
Preferred
leaving
$1,306,058
382,701.
r-36,855
$781,651
inc.^ w-,
from gross
.
$604,722
-
(No.
t
.53
204;896
,
$1,970,324
173,626
$753,382
23,269
216.494
,
296,939
(
Registration Statement f
-
*'
w,
statement,
Shapiro, President,
$1,893,242
$1,239,247
77.082 "
: 86311
'
33,264
195,472
---
Gross
-96,964
.-$750,084
$783,348
income
Deduct,
827,742
29,765
-
Total ry. oper. income
Deduct, from -ry. oper*
r
168,598
v-
j
and covering 9,970 common .shares
25.—V.- 152, p. 303&; V; 154, p. 339.
Simplicity
166,074
82,136
,
$948,854
—
oper.- income
ry.
.
$919,089
Income
oper.
$1,826,711
135,590
S3,580
388,655
143,332
'>_«>*._
Syndicate
<»
$3,i86,521
$1,054,774
$1,534,656
Chiles
Withdrawn—.-V.?.
■
$7,055,872
$8,112,494
2,239,992
2,442,499
MOS.—1946
1947—2
$3,304,768
$3,977,155
-
Shawnee
Ry.—Earnings-
1847—Month—1946
•
*
(1909)
workers of America,
a
group
under
the
to
portal-to-portal doctrine, which, if recoverable, would «i*ta.1
r>;
54
---
r" V
J', " !
contested.
Negotiations
in
result
all
from
liability
violation
U.
of
Tons
HIGHLIGHTS
OP
Net
OPERATIONS
456,826
999,rZ£
taxes—
144,383
78,000
62,500
875,500
47,900
$6,689,552
1,200,922
258,067
$413,811
1,006
revenues...
1,136
$4,113,977
38,507
$5,932,731
24,333
—
Gross
income
Interest
Int.
$414,947
41,250
3,763
41,250
4,206
495,000
47,916
mtge. bends
notes
on
Amortiz.
debt
of
expense
$5,967,064
910.908
38,051
$4,152,484
serial
on
and
$368,295
$312,444
Working
paid
capital
1,872
401,208
4,667,389
........
764,477
8>192'®95
—
2,195,977
6,081,144
330,590
$0.74
$1.17
amortization
—
393'4°?
Earnings per common share
$0.31
♦After renegotiation.
tLast normal pre-war year.
Depreciation
&
'■V
r.
,
1,972,228
22,846
1,837
income
Although
from
income
fastener units were sold, therefore,
1946 was less than in 1941,
As a
more
in
sales
result of
operations,
levels.
During the year 1946, there was acquired from the War Assets
Corporation a modern plant located in Hamden, Conn., covering an
area
of approximately 200,000 square feet.
The company plans- to
continue operating its present manufacturing plants in Meadville and
earnings during
Erie, Fa.
Dec.
At
stock
of
which
31,
1916
the
outstanding 977,500 shares of common
a par value of $5,
the ownership of
there were
having
company,
vested
in
3,728 shareholders,
States
as
wen
as
in
roreign countries.
shareholders during the year.
was
living throughout the United
This is an increase of 336
Gross
<
income
Total
Provision
the
Deductions
for
7,479,451
5,628,386
7,20i,191
.ay
MBmpM
1,020,856
1,739,575
1,619,270
Other
..
of
expenses
tion,
Federal
for
Net
for
—_
1944—
in
receivable
Inventories
DEC.
current
receivables
and
1945
5,262,781
392,831
12,366,521
735,448
net
buildings, mach'y & equipt.
charges
payable
2,593,007
$7,601,049
Profit carried to earned surplus..
dividends paid
paid
20,102,960
>-*1,-284,496
f.,,
803,167
cost)
(at
-
736,908
addition
10 shares of
paid
common
$4.84
in December
held.
BALANCE
'' *
ASSETS—
Cash
banks
in
1
,
and
t
in
1945.
$7,526,713
—
3:Not
including
refunds
of
Federal
$27,500
♦Accounts
and
notes
receivable—
Inventories, at lower of cost or mkt.
Prepaid insurance, taxes, etc..
:
—
Miscell.
Cash
at cost or' less
investments,
surrender
value of life
insur..
SBuildings and equipment
Land
Construction
Patents
■
work
in
(less reserve
Total
3,295,378
49,168
5,001
12,471
.
progress.—__
for amortiz.).
,—
34,821
5,002
4,415,754
157,802
1,288,596
56,310
-
cost
at
292,646
*971,115
Net
from
ry.
ry.
Accrued
Gross
Net
taxes,
ry.
—V.
$2
56,315
94,173
Reserve
for
taxes
and
Preferred
256,060
145,668
and
franchise
(par
$10)
of
stock
p,
p.
will
♦After
reserves
shares
of
1941.
*5,920
a
327,915
124,726
"138,879
64,664
♦68,570
92,081
1,953,000
quired
4,882,500
of 30,255
^Including
for
Central
February-—
Gross
1946
1945
1944
$280,397
$305,549
$437,790
from
railway......
47,238
27,919
53,994
130,763
Net
ry.
income—
*5,509
*13,278
29,679
oper.
:
1946
1945
Gross
from
Net
from
Net
ry.
railway....
-
income—_
♦Deficit.—V.
165,
687,503
p.
544,324
689,816
898,664
76,328
35,294
157,976
*42,442
72,220
105,635
1324.
r
as
.<?:f
that4
determined
result
a
has
taxes
have
for
Code
the
the*
thereof
;->?♦>'
filed
been
under
1940 through
the company's j
years
given
been
these^
^
i',:y
put
was
regular quarterly dividend basis of 50 cents,
on
•
-
.
FOR
YEARS
CALENDAR
\
-
.
J
1945
$44,871,180 $41,391,118
>
28,417,863
29,269,240
$15,601,940 $14,973,253
6,569,876
5,740,712
$9,032,064
profit
$9,232,541
224,773
j
«289,892
$9,256,837
$9,522,433
393,001
income
3,907,120;
1,125,139
1,028,432
1,441,165
17,530,249
17,088,867
20,365,638
5,245,503
5,594,760
7,979,282
2,097,200
2,353,610
charges
in
93,720
expense
excess
of
pro¬
2,689,46#
3,400,000
tax
March
on
28
v,
$1,293,697
approved
call
be
closed.
Certificates
called
to the close of business
June
the
retire
directors
company's
voted
to
preferred
.
T*l®,
70,000
shares
870.
of *the
315,000:
Mar^ 26 filed
(no par)
Cash
"
hand
on
SHEET,
DEC.
S.
Treasury tax
Government
S.
bonds
.
Inventories
:————
to
loans
and
Accounts
Investments
2,843,958;
4,613,149
3,473,729
60,561
——-—
receivable
notes
65,931
through
preferred
for
redemption
be
purchase
a
■
,>
30,
1947.
'
July
1,
were
on
which
previously
1947,
in
a
3,440
ac¬
be
for
C.-^-Registers
March
v./-'"j.vz>.'\
1332,969
.r.J.,,
Notes
sold
at
$1
a
share
Reserve
Total
through
.
164,
♦Not
taxes.
!?.'/■ X"
place looking toward .the sale of-the <interest
it iwas ajmounced; on'
Phflippine FpropertY'wasHaheh— ♦-
:
■
^o.47i;
contingencies—
value^(outstanding—
—-——
—
including
"fl
—
———
„
_
>
2,800,008
'
J
'
27 L649
^ -TiTJ'
1' i •d?-.-"
9,535,781
*—««■—>-
———————
AS* 120,558
3,500,000_
———
Capital stock of no par
1,271,437 40/88 shares)
Air, Inc.—Plans to Sell
Air Lines,'
for
nWa'til*
—*
—
793,642
.1292,323
"482,517
—-
—r-—
to banks,--.,—.—-——,
income
•r
.
accruals
Capital surplus
Earned surplus
work.—V.
1,526,94>l
—
accrued
payable
$194,594
$716,953
—
payable
Deferred
;
-t
nurchases of timberlands (se¬
income taxes,—
taxes accrued
Payrolls
ances
corP°rati°R in the Philippine
25.
When the interest in the
2,313,899
I
'
Federal
Other
development
Interest in Philippine Air Lines—
^-^iscusslons have taken
3:223.81&
687,260'
$28,384,853 $22,425,198
cured)
Accounts
letter of notification with the SEC
Western
10,526,896
LIABILITIES—*
total
3336.
,
to
—•
——
^
Notes payable for
;
&
^
Total
*
liens)
money
charges
Miscellaneous
Proceeds
-------
equipment (partly subject to
j[Timberlands and
Deferred
-41,388
-
51.009
—-— ——
§Land, buildings, machinery and equipment,—13,155,125
stock
may
54,927;
5,990
(non-current)—
—
91,0191
f
3,852,181
25,712
(current)-——
employees———————
—
V
364,816
A! is'' fc'
.
stock purch. loans—
Home
:
(•'.
'
-
$2,264,684;
26,021
(at cost)—
tax refund
——
and employees'
tOfficers'
$2,705,944
savings notes
profits
notes receivable
and
tAccounts
1947—2 Mos.—1946
.1045
1946 $2,735,035
excess
credit
and
J-256,i»
9,jbu,43»
2,256,133
5,677,998
$28,384,853 $22,425198
tax nctes deducted from liability for Federal incoma.
for doubtful accounts and discounts and allow¬
tAfter reserves
of
$175,394
in
1946
and
$148,337
in
3945
*5,050 shares of;
company's capital stock pledged as collateral in 1946 and 8,200 shares
in 1945 v §After reserves for depreciation and amortization of $17,475,-"
273 in. 1946 and $16,609,882 in
1945. >11 Including certain carrying
charges "• less reserves for depletion and depreciation, 1946—$911,870; *
1945—$736,211.'; > ♦♦After ;deducting $3,473,979 in 1946 and $3,785,184
in^l945 "U • S.•' Treasury.tax savings notes (also in 1945) net of "refund,
claim,
$774,816.—V." 165,
p.
1637.
A
■
$1.30
31
in banks
and
1,080.485
$4.13
—
ASSETS—
2,978,874
$3,832,523
V
1,652,521
-
—
share
per
$1,646,467
.
stock
common
161,45&
$5,254,953
-
BALANCE
10,846,734
v
,
company.
500,000,
4,060,000)
.
profits tax—
income,
on
72,047
188,164
(net)
income
income
Dividends
*U.
$1,949,953
refinancing
facilities
depreciation
Federal
based
taxes
Net
Subsidiaries)—Sales*—
1947—Month—1946
1945,
war
normal
22,490,881
2,146,252
(& Domestic
in
of
for
for Federal excess
5,133,925
1,211,654
are now
in the company's treasury,
resulting
shares to be retired on July l,
1^947.—V. 164, p,
directors
p.
and,
—
$9,819,137 $10,952,596
selling stockholders.—V, 165, p. 1501.
for
income
income
State
2,556,744
268,886
*27,243
"
railway
oper.
Revenue
for
1944
i
$8,251,202
2,875,664
Transcontinental
From Jan. 1—
profits
excess
Internal
Provision
24,084
,
railway
and
products sold
Interest
-
The company on Mar. 31 filed a
registration statement with the SEC
for 157,868 shares (no
par) common. W. C. Langley & Co.-and.Union
Securities Corp. are selling the stock and
also are the principal under¬
writers.
They will engage others to sell the stock. Proceeds
go to the
,
1947
$328,141
from
Net
Ry.—Earnings—
has
Board
1,271.437 shares.
Amortization
Topside Oil Corp., Denver—Files with SEC—
Tennessee
from
the
year.
Grass
Other
Tide Water Power Co.,
Wilmington, N.
..
of
subject to
been
completed
Provision
and
up
the
10,394,262
$20,379,8^3 $22,808,673
first
did not realize excessive profits*;,
renegotiation. Proceedings for they
sales
Other
49,101
285,474
♦15,587
580.
addition
4,882,500
$67,277 in 1946, $40,043 in 1945 and $105,460
claims under terminated contracts.
§After re¬
depreciation of $3,496,321 in 1946, $2,386,038 in 1945, and
$1,873,764 in 1941.—V. 164, p. 3152.
in
serves
29,728
1324.
not
transferred
10,669,766
$24,977,393
Adjustment
these claims in
The company has not been informed of. any actipn on
their final effect cannot be determined at this time.
Operating
70,766
$8,800,871
income—
with SEC— "
Total
21,334
sinking fund of 26,815 shares of $3.75 cumulative preferred stock for
redemption on July 1,
1947, at
105
and
dividends.
The
close
of
business May 9,
1947, has been fixed as the record date for the
purpose of determining by lot the shares to be redeemed. The transfer
4,285,651
„
the
during
company
,o
1,992,191
—
now
relief
of
the
of
Earnings
directors
47,802
Dr22,000
the
Gross profit on sales
Delivery, selling, admin, and general expenses
Tide Water Associated Oil Co.—Calls Stockb—
174,725
2,050,650
wood
$166,579
'
1324.
—
—V. 165,
In
(at cost)—..
treasury
165,
4,887,500
common
-
•
'
344,652
1947
Sales
In
2,050,650
p.
railway
railway—.
oper.
12,617,685
—
165,
Period End. Feb. 28—
"
3,779,718
(par $5)
surplus
shares
394,424
of
1946
-1944
1945
$129,399
88,422
from
books
;
renegotiations
stock
146,677
withholding taxes,
income
stock
Common
Earned
210,264
$371,359
479,675
Price
were
recognition
so
vision
Thermoid Co.
89,878
$253,030
shortage
a
INCOME ACCOUNT
U.
4,092~314
income
—
Accrued expenses,
etc.
450
than
for
722
1947, the stock
or
...
669,721
other
•-
'
153,773
Income
railway
railway
from
Net
$592,391
payrolls
Accrued
taxes
(trade)—
-58,616
*
35,253
oper.-income—
2,474,852
462,892
from
165,
405,585
from
The
payable
67,957
railway
from
$24,977,393 $20,379,863 $22,808,673
.
1946
$173,598
railway
oper.
4,391,909
127,496
5,001
115,431
products
-
From Jan. 1—
3,361,760
100,625
?
~
Cash dividends
declared on the outstanding common stock- during
1946 amounted to $1,652,521 or $1.30 a share, compared with $1,080,485,
or 85 cents a share in 1945.
At the directors' meeting held on Jan.
v
1947
February—
LIABILITIES—
Accounts
from
Net
,
company's nefc
$21,072,344 at
to
From Jan. 1—
Net
269,580
2,819,671
6,150,673
The
1945.
record
-Earnings—
Texas & New Orleans RR.-Earnings—*
taxes
1.
1945,
As' of Dfccs 31i 1946, $3,500,000 had been drawn against the ten-year
2l/*% bank loan of Sept. 25, 1945 with J. P. Morgan & Co. Incorporated,
and a group of banks.
The number of stockholders increased 12.7% in 1946." At the year end
there-were 6,171
individuals and institutions who were holders of
in 1946 and $14,956,407
$8,117,153 in 1946 and
in 1946 and $57,500 in
$202,668
railway-—
from
Gross
profits paid in prior years—
on
to
31,
amounted to $44,871,180, which is s^i
exceeding by $3,480,064 or 8.4% net sales *
This was despite a reduction of almost 5%- imi
1944
year
have
Net
from
Gross
1941
2,490,000
all
resulted
1945
accounts;
1236.
railway
:
Net ry. oper. income—
$9,642,424 $11,070,158
2,240,000
Dec.
year.
which
Claims
$437,257
12 months (included in current accounts).—V.
Texas Mexican Ry
SHEET, DEC. 31
1945
3.9
was
on
end the ratio of t
year
20,^
1945.
preferred share for each
1946
govern¬
company,
Contracts
the
Section
for amortization of $16,387,765
After reserve for depreciation of
♦Deficit.—V.
Investment in U. S. Govt, securities,
at cost
'.
Estimated
one
,
hand
on
1941
of
sales
and
$71,545,082 $68,967,518
—
February-
$5,144,380
39,060
*3,906,000
^ $5.23
At the
1946.
liabilities
$17,469,912
year.
the
War
claims,
$334)952
reserve
Net
Earnings per common share
♦In
$1,983,770
82,026
1,757,700
$1.95
$4,815,320
82,026
2,785,375
Preferred
sales
year
(current)...
1945 payable within
Gross
as
materials,!
profits taxes. >
rawr
company has made a payment which,
after reduction of applicable^
Federal excess profits tax, comes well within reserves created in 1944 i
—-—7,084,515 -A8,974,240
payments
to be
fUf.l"
1 -:
•
made over a term of years)
82,500
132,500
Reserve for contingencies
2,944,633
2,541,660
Capital stock (outstanding: 3,840,000 shs. without par value)
26,175,000
26,175,000
Earned
surplus
34,426,381
30,706,862
Net
Common dividends
such
of
excess
'
from
Provision for current.-taxes.*
^Liabilities not current (for
$5,144,380
current
from
which
of
The
$71,545,082 $68,967,518
Accounts
p.
to
previous
sold,
during
>
958,145
allocation
inventory at the mill.
20,833
18,669,595
production and prices,
To insure against a repetition of this situation,
the company substantially increased the size of its
woodyard and added
to its equipment for
handling wood out of
.998,473
7,092
*
>
1946.
quarter
659,135
1,128,473
cos.
always
alphabetical
,
fPlants,
Total
Cr240,000
not
alphabetical
near
>
$8,3-56,889 at Dec. 31,
assets
the
tons
13,178,206
advances
of
of
:
2,542,797
826,069
to
high for the
new
$18,634,287 $12,651,382
12,653,000
15,900,000
(customers)
over
increased
Total
from, Delaware Gulf Oil Co. in 1934, and in¬
terests in sulphur processes at cost
1,485,703
$1,743,770
possible.
as
is
exact
as
.
31
♦Lands and development at cost, contract rights
released by, and rights & properties acquired
♦Alter
$4,815,320
in
always
are
it
reasons
companies
earnings in 1946 were $5,254,953, equal to $4.13 per share oft
stock outstanding after all charges, including income taxes-A
earnings are over three times those in 1945, which amdunted
$1,646,467, or $1.30 per share.
A
strong
working
capital
position
has
been
maintained,
and?
worth
sulphur above ground
Inventories of materials and supplies
Invests, in & advances to subsid. & auxil.
Miscellaneous assets
2,216,709
______
mechanical
arrange
194C, said in part:
amounted
$2.60
1946
Miscellaneous
in
profit from operations—
of" provision for conting.
to
Net
Dec. 31,
SHEET,
$5.29
-
These
9,600,000
$3.97
hand and on demand and time deposits
U. S. Treasury notes and certificates
Accounts
Reversal
made
$7.90
capital
$9,993,023
11,520,000
-
12,746,46*'
2,119,709 ;-f
2,756,462
—
However, they
controls
Cost of
Net
l.dOOjDOrf
shortages of equipment, materials and labor, and
85,000
$15,239,519
on
.
1,724,659'
past several years. This
was
made possible by the elimination of most of the
obstacles
profits which interrupted its progress during the
1,147,423
4,190,950
2,65o|ooo
Bag & Paper Corp,—Annual Report -* Alex-*-*
Calder, President, in the corporation's annual re¬
port for
100,000
;
,
37,121,127
21,650,000
1946 was the first year in which this
company was able to reflect, t.
in the form of net
earnings, some of the plant expansion and modern- :
ization that has been
taking place over the
594,832
tax
BALANCE
ASSETS
Cash
1,113,491
1,930,000
;
39,900,000
14,G50,000
Union
♦Includes $5,582,000 excess profits tax.
1,720,212
3,295,000
$
190,300,000 178,211,889
1324.
p.
position
ander
1,331,264
220,000
stock
paid
per
share
Earnings
2,105,752
1945
Dec. 29,'45
—
NOTE—-For
$21,589,519 $18,293,023
C,130,000
8,115,000
income
Dividends
389,034
and
taxes,
taxes
TWA'S?
film
of
22,600,000
order:
L
761,024
taxes
capita]
i(,; 414,479
distribu-
selling,
income
renegotiation
income
income
changed.,.
into
Dec. 28, '46
rentals
war,
1,746,393
administration
and
165,
ment
1,230,824
administrative
>
and
share
per
/ '
$20,828,495 $17,698,191
Total
have
fits
longer
1945
1,494,501
Balance
351,540
*
Provisions
'
",
LIABILITIES—
Wages for factory workers
for
factory
supervision,
engineers, and factory clerical—
Deprec. and amort, of mfg., warehouse, and office facilities:
Repair, maint., supplies, and other
factory expenses ....—-£i
Salaries for salesmen, office clerical,
'
contingencies
1941
1945
sales
shares—
common
1945." * No
$29,142,736 $22,370,011 $30,875,163
used6,499,186
7,313,114
6,252,894
Salaries
and
_
expenses
Miscellaneous income
i—
material
raw
'
$39,396,933 $33,965,017
14,075,239
12,197,835
1,999,195
1,783,025
400,000
400,000
599,504
554,703
...
administrative
Total
from
year
lor
and
Depreciation
YEARS
'*'*
1946
for
sales and other sources
sulphur sales
delivery costs
and
general
patterns
no
profit
$2,377,419
" '
1946
Amortization
'
v
'V
" : ''
route
and
receipts
possible
J
'
from
,
''
from
revenue
Deferred
INCOME ACCOUNT FOR CALENDAR
m
$2,895,1-S9?
——
,
certified
375,678
375,678 1
Years—
Operating
Selling,
the dollar
however, in all phases of the company's
the year were maintained at near prewar
improvements,
V;:'v
••
been
$
of
$2,753,097
$3,270,817
yet
1501.
Ended—
theater
Net
No,
to
Soles, Chairman of the board, on Feb. 19 said in part:
of the many difficulties with which the company was
faced, its production and
distribution of slide-fastener units were
the largest in its history.
The difficulty in obtaining tape during
1946 made
it expedient to
manufacture smaller fasteners, in order
to obtain the greatest quantity of fasteners from the material avail¬
spite
able..
$342,951
not
income
Earned
Texas Gulf Sulphur Co.—Annual Report—
*Federal
Pa.—Annual Report—
172,336
127,111
Cr6,667
229,781'
108,422
Cr22,298
stock for period—
1237,
p.
■
.
Calendar
F.
In
$296,359
—
165,
,
reserve),
Talon, Inc., Meadville,
T.
•
•
—V.
Net
Other
M
m
construct.
Dividends applicable to pfd.
of
'
19,148
5,555
19,143
5,903
deducts...
to
''
LIABILITIES—Accounts payable, $271,578; accrued liabilities, $566,486; provision for Federal taxes on income, $144,383; reserve \^ con¬
tingencies, $219,394; miscellaneous operating reserves, $102,772, reserve
for surplus adjustments, $313,618; common stock ($1 par value), $i,~
012,984; capital surplus (or paid-in), $4,840,994; earned surplus, $2,338,917; total $9,811,126.—V. 165, p. 725.
'■m
&
in
(less
inventories
174;
Int.
—V.
.
banks and on hand, $2,734,017; accounts receiv¬
$1,281,355; other accounts receivable, $17,materials, supplies, in process and finished stocx
(book
inventory
at cost or
less), $1,617,290; land, buildings
ad
equipment (after reserves for depreciation and amortization or $b,04u,521), $3,816,222; patents and good will, $2,; prepaid insurance and
taxes, $65,290; other deferred charges, $124,494; cash surrender value
of life insurance policies, $124,572; claim for refund of Federal
on income,
$30,710; total, $9,811,126.
ASSETS—Cash
able-trade
int.
chgd.
Other
Ealance
1946
SHEET AS AT DEC. 31.
BALANCE
of utility plant
acquisition adjusts...
$942,855
506,486
5,050,435
7,880,378
—~
worth
Net
$746,203
earnings
prospect that Philippine Air
a
Consolidated net profit before Federel
taxes, minority interests and contingencies^.:
Provision for Federal income taxes
Net profit applicable to
minority interests
Deducts provision for contingencies
—!
disct.
—.
has
Weeks
Gross
Amort,
Net
.
Dividends
was
Twentieth Century-Fox Film Corp*-Earnings—
729,167
$367,289
line
and
tl940
^44,i u
income
oper.
Other income
;
Ihete
more—
TWA,
The
plans.—V. 165, p.
52
income taxes.—
before
for Federal
serve
Net
$10,388,065 $15,877,543
profit
77,118
——
retirement re¬
appropriations.
Property
V
47,040
shipped
Prov.
OF
taxes
taxes
Other
unlawful action in
"Y
1946,„% *l9,4L
Years—
sales
Net
:
expenses-
Federal
et a!., is
charges of
statutes.
Anti-trust
or
would be certilied as a scheduled
carrier.,.,. (It is reported'that
TWA's stock Interest In the
Philippine company now amounts to 17%.J
Since that time,
according tc
$1,284,584 $14,916,832 $14,881,731
508,552
6,814,499
6,291,172
221,159
2,189,861
1.009,582
78,562
922,995
920,079
$1,314,002
589,443
202^152
revenues——
Operating
-
tvith
connection
in
S.
SUMMARY
Calendar
will
which
.
1947—12 Mos.—1946
1947—Month—1946
Operating
still pending.
however, which, it is believed will
release The Symington-Gould Corp.
in progress,
now
are
settlement
a
'
8. vs. American Locomfcive Co.,
The suit U.
Service Co.—Earnings—
Period End. Jan. 31-*
These actions
employees.
Monday, April 7, 1947
amounting to 28%
Lines
Several individual
attorney's fee."
former
Texas Electric
amount equal to the
of liquidated damages in an
way
will be vigorously
^
,
THE COMMERCIAL & FINANCIAL CHRONICLE
alleged overtime plus a "reasonable
actions have also been brought by
:
-i
'(1910)
penalty by
a
V
-
•vv'..'
#C-
r
/ ?• "&»» ?■
!"|
THE COMMERCIAL & FINANCIAL CHRONICLE
Volume 165 ; Number 4583
55
(1911)
IK" III
!
Union Oil Co. of California—Annual
/vy/tJnited Biscuit Co. of America (& Subs.)-—Earnings—
Report—Reese H.
V
Calendar Years—
-V
/ This company's ^record for 1946 was one. of -achievement.^ .
1
| First, gross proved crude oil reserves increased more than 23f0OO;OOO
Feb. 24, said in part:/ j.r
Taylor, President, on
■
■•
•'
1947
•
Gross
Net
:
discounts,
less
sales,
income
2,940,000
drilled was established,
Second, a new record of wells
Third, .although
;
reached
oil
of
purchases
•"/'
•f.;
Net profit
No. of common
'V
Earned
.,
total sales declined due to decreased government
products, the company's retail and industrial sales
time .high.
all
an
..
.
$1,719,798
468,283
$9.13
..
;
remained
"oh
sha^e
4,666,270 common shares
This compares with
the
35,000 shareholders.
or $1.87 p'er
share.-.
I
outstanding owned /by over
a 1945 total of $8,747,992,
was
.
$3.40
declared
an
^
cost
at
•
>
affiliates,
other
in
at
i
Accounts
.-
JSTet- sates.
income
Notes
I—-
stock
(par value $20 per share 1— '13,918,460
surplus
—
13,857,513
_
955,810
'
3,000,000
657,170
13,918,460
14,134,355
-
Common
$33,258,424 $34,133,198
Total
♦After
—
549,947
;
taxes
$500,000
593,795
- 373,608
892,792
382,542
—_wi
payable to banks (non-current)___
^^.
2,500,000
for
contingencies
——657,170
Earned
covered
: $500,000
■'
:
payable
salaries, wages and expenses
Federal
Alberta,-. Canada; gas reserves. of
exceptional promise were dis-"
Income I««».securities__
358,674
341,045
and.hre now being evaluated by further drilling.-.
■ :
- r" YRoyhtttes and miscellaneous income (net) w*** .
562,354 r
403,091
Additional pipe line facilities were -Constructed in the San Joaquin
Valley and Vehtura areas during 1946.
A long term agreement was
Total.'ihcome L'
$86,281,714 $66,530,472
I; arranged for transportation of crude oil by pipe line from the San i Cost of products sold
**__——
L 54,187,667 47,050,863
JoaqUin Valley to the Oleum refinery.
This supplants a wartime /Selling, -general and administrative expenses—
9,275,211
8,166,379
provision by which crude oil was shipped through a converted gas line. Y Provision for' depreciation and depletion
2)374,881
2,286,047
With - the
addition" of two modem tankships, each with a 140,000
Prov. for Fed: '&nd Canadian taxes btt income
8,030,000
4,675.000
barrel
capacity,
the company's
main fleet now comprises -4tfsven
$4,352,183
tanksAip^ with a combined ^carrying/ capacity;;rdf'^820,000 harrels. 4' Net income
$12,413,955
Named the "Lompoc" and the "Oleum,", the new ships were purchased
547,554
547,554
> Dividends on
preferred stock
2,395,024
i from the U. S. Mattime Commission and have an average speed of
3,593,657
Dividends on common stuck
$9.90
14 knots.
$3.18
The company also purchased a small tankship, the "Unoba,"
Earnings per common share
which has a 6,500 barrel capacity, for use in Central American, waters.
CONSOLIDATED BALANCE SHEET, DEC. 31
;
The. majority of Union Oil service stations were , leased out to
1946
1945
independent operators during 1946.
Only a few stations were kept
ASSETS—
$12,028,153 $8,837,032
for/personnel training and to test merchandising and operating proin
'
year_„ 1
one
Accrued
ACCOUNT FOR CALENDAR YEARS
1916
1945
.
$85,360,686 $65,786,336
'r-\
31,183
'
214,061
14,857,543
$33,258,424 $34,133,198
.Vdue within
to banks,
payable
■
States Gypsum Co.—-Annual Report—
:
73,922
5,431,300
531,183
;,i
cost—
LIABILITIES—
Reserve
CONSOLIDATED INCOME
1,049,401
5,431,300
' Total
Notes
■
■
974,450
7
extra dividend of 25 cents per share
«
'
2,989,054
deferred charges—55,885
U
Investment
a
Y7 United
2,859,112
3,269,259
Aliscel. securs., notes, etc., at cost364,027
JLand, manufacti falilities and intangibles—i.
14,794,637
,
Pay Extra Dividend of 25 cents—
4,100,000
{Investment in Sloss-Sheffield Steel & Iron Co.,
annual meeting of the company to be held May', 7.1, 1947, a
to split the common stock two shares for one.
/' .v ■ *
'
regular quarterly dividend of 25 cents per share on the common
-stock, both payable June 2 to holders of record May 8. Like amounts
were paid on March i, last.
■
;Y:/7
,
Last year, the company
disbursed' four quarterly dividends of 25
cetas*efceh7**nd, in addition; paid an extra of 25 cents on June i and
-,vone t»fvJ7{k«ent$ on Dec. 2.—V,
165, {>, 984,
and
:>
1945
$2,527,622
3,845,672
Prepaid expenses and
-J:.-'
The directors" have
31
1946
Inventories, at the lower of cost or market—.
Claims for refund of prior years' Federal taxes
under carry-back and accel. amortiz. provi¬
sions of internal Revenue Code-—__
iiave voted to submit fof approval t»f stockholders
-The -directors
To
delayed due to material
strikes and shutdowns in other industries. ; This
greatly increased the cost of doing business.
At the same time, the
industry was hampered in offsetting these increases by unrealistic
price controls and restrictive government regulations.,
'
'
s
i
To
improve the company's operating efficiency became the. jnajor
program of
all departments. Under this plan, the company .is now
| contracting for major drilling -and maintenance / work. This should
result in a considerable saving during 1947.
1■; / '
i'uA total of 146 producing wells was completed during 1946. / vr-V.;;.
i i During the year, the company placed two gas condensate _fields on
production in Louisiana and drilled several additional gas condensate
wells. HQn property held in partnership With McColl-Frontenac Oil Co.
:
t: proposal
by
and
a.-—-
To Split
at the
.;
:•'////•'
^
work
reconversion
and
Construction
shortages
shares..*
shared.
per
•»
„
After deducting $937,500 for preferred dividend requirements, there
a net profit from 1946 operations of $8,867,023, or $1.90 per
ij
-
DEC.
SHEET,
V
on
receivable
-♦Accounts
4,548,000
$4,333,554
468,283
*—_*
[barrels.
j
BALANCE
hand
—-$1,992,011
U. S. Govt, obligations (at cost)—2,000,000
banks and
in
Cash
«tc"«J—$60,876,762 $50,594,235
7,273,554
6,267,798
Provision for taxes————,
COMPARATIVE
...
ASSETS—
1946
"
$144,665
of
reserve
investment
1946
in
and
$145,393
1945.
in
{This
is
represented by 272,500 common shares or the equivalent
and 42.59% of the total
voting power.
{After reserves for depreciation and amortization of
$8,634,522 in 1946 and $9,273,653 in 1945.—V. 164, p. 1767.
I
of
-
54.87%
_*
of the outstanding common shares
United States Rubber Co.—Registers with SEC—
•
.
.
-
The company on
for $40,000,000
——
<
Loeb
—
&
Co.,
working
-
Mar. 31 filed a registration statement with the SEC
debentures, due 1967. Underwriter, Kuhn,
Proceeds will be used to provide additional
20-year 2%%
York.
New
capital.
The
said termination of exclusive control
rubber by the government makes it neces¬
financing of purchases in the Far
company
•
'
INCOME ACCOUNT
.
I
products and merchandise—
of petroleum
Sales
operating revenues
Investment income and profits,
Other
income
Gross
—_*■
oil and prod.,
Interest on
I
**
*~*
servicesgeneral expense-*—
amortiz., etc.*
mater., labor and
'
long-term debt
other than taxes on profits——
—
for Federal and other taxes on profits--
♦Taxes,
Prov.
Federal and other taxes
for
Charge
fund
fPlant and equipment—
Prepaid expenses and other assets
:
437,234
122,854,309
138,948,960
Cash dividends
on
collected for
f
v
V.
-
preferred stock
ASSETS—
—
32,052~652
1,773,061
payable
——$2,945,894 $1,614,551
expenses/iiiii-———2,144,840
1,283,692
taxes on income
7,925,910
4,527,908
Preferred stock (par $100)—
—
7,822,200 $ 7,822,200
Common stock (par $2023,968,620
23,957,700
Gross
Net
from
Net
ry.
Paid-in
——
—
9,201x123
401,048
4,666,270
1945
$
-
5
'
21,996,749
hand———15,780,315 15,666,047
U. S." Government securities, at cost
5,507,143 ■A .2,357,089
Marketable securities, at
2,118,706, 12,254,"003
Accounts and notes receivable (net)
i. - 17,460,492
.2,368,493
Refundable income taxes of prior years—
145,562 11,235,075
Inventories of crude and refined oil products— 18,247,872
Inventories of materials and supplies, at cost or
^
less, not exceeding market——
4,652,316 *3,44^654
Ca^h ih banks and on
per share for 399,477
President
Ware,
director
a
a
of
35,594
income—
24,539
17,071
13,102
13,933
423,634
-
224,846
280,365
75,606
51,063
70,903
51,471
income
1363.
331,958
110,800
railway
railway,
oper.
165, p.
Bankers
The
for
V. 165, p.
common
33,976
30,199
28,602
'
,
r-
,
York, N. Y., has been appointed
convertible preferred stock.—
(.fie*.t.-'-■:'*
>Z >:>.*///-'".t-iK'-.-- ///V/:.-"V
!
Trust
Co*-of
1501,'-;vTW//
*TSS r
New
cumulative
dividend
$4
1
Veeder-Root, Inc.—Plans Stock Split-Up^
stockholders
The
the annual
at
meeting held
on
March
25 author¬
of the company from 400,COO shares,
to 500,000 shares.
' ; /'^, ; ,
Immediately following the meeting the directors voted to give stock¬
holders one additional share for each
share held.
The split, which
will be made to stockholders of record April 8, will increase the number
increasing the capital stock
ized
no
director Of United States Gypsum
par,
of
of International Minerals & Chemical Corp.,
National Bank of Chicago, has been
Co.-W. 165, p. 1637.
First
the
1944
$138,731
22,481
registrar
New Directorand
1945
$106,759
37,706
1947
(The) Valspar Corp.—Registrar Appointed—
corporate purposes.-
elected
1946
$160,533
56,066
from
ry.
—V.
shares-at the ratb of
one additional share for each three shares held of record at the close
of business Jan. 4> 1947.
In accordance therewith, 399,140 shares of
common stock werd sold.
The proceeds from the sale of this stock will
be used in financing
the company's construction program and for
Louis
■
$209,390
from
Net
RIGHTS TO COMMON STOCKHOLDERS-^The company offered to
■th$'''"hoiRtera^ b^l'^^utstanding shares ef commom/fetock^thC aright/16/
other
the
the
III.
:;
•
.
railway*
oper.
Net
1
at $60
May 1, next, through
sinking fund debentures
railway—*—
from
Gross
♦Consisting of U. S. Government securities, at cost,
tAfter reserves
for depreciation and depletion of $33,780,162 in 1946 and $32,201,740 in
subscribe
on
From Jan. 1—
$95,693,607 $81,078,327
—
1945.
redemption
for
February-
5,831,447 /. 5,831,447
45,054,696 36,040,829
sUrphllS—.—
Earned surplus
called
164,-p. 1767..
Federairand Canadian
3,901,188
has
1960,
Utah Ry.—Earnings—
LIABILITIES— / /' :
Accrued
1946
j.
1,
$95,693,607 $31,078,327
—
;
'
at 102 and interest. Payment will be made at
Bankers Trust Co., trustee, 16 Wall St.,-New York, N. Y., or at
Harris
Trust
&
Savings Bank,
115 West Monroe St.* Chicago,
—V.
Tctal
company
Nov.
Accounts
SHEET, DEC. 31
-
•
The
due
17,943,668
9,804,523
937,500
4,666,270
--
CONSOLIDATED BALANCE
'
.
X,'
—
resume
operation of the sinking fund, $150,000 of 4%
22,843,336
1,405,411
stock
r
S1.S0$1.87)
common share**---*—
salens and: exdfSfe taxes
of motor' vehicle fuel and Other
taxing authorities.
♦Exclusive
6,810,026
17,000,000
39,526,334
1,915,301
program
1,600,000
Cash dividends on common
Earnings per
5,964,005
9,799,219
82,054,234
65,710,756
21,800,330
17,891,208
+.137,500
4,359,992
2,150,000
measured
—
25,611,551
8,518,983
-Z
to
United Transit Co.—Partial Redemption—
—
1,180,639
Total
Net profit
;
♦Construction
t
6,905,617
receivable
Accounts
Inventories
117,488,364 194,791,966
4,185,286
3,719,760
—*s—
Selling, administrative and
Prov. for depletion, deprec.,
.
g
gain on foreign
and discounts
exchange,
Crude
*■——
:
1945
§
•
government securities—
(net)-.—
U. S. and other
FOR CALENDAR YEARS
1946
-
""
natural
of
for the company
East.—V. 165, p. 1637.
sary
.
■
the purchase
of
shares' outstanding
to
$12.50
$6.25
to 414,600,
share.—V. 165,
a
-
of
and will reduce the stated value
p. 1638.
"
transportation, refining,
facilities-^-.—
—
stocks, of, and advances to, controlled
wells,
and
lands
♦Oil
marketing and other
Capital
f>
companies
Other
prepaid expense and
Total
344,370
Uttited States,
1,164,884
deferred charges—
1,474,976
1,991,606
"
,
■
742,811
238,625,817 228,518,998
——
'■;V ^LIABILITIES—
payable for construction
Accounts
supplies,
and
,;*terials
lessors'
oil purchases,
royalties, etc. —
Accrued payrolls
Dividend of 25 cents per share
—
other sales
and
fuel
payable on com-
1,166,567/2^166,567
2,143,019
1,633,271
57,292
57,292
1,620,113
170,615
self-insurance
1,852,320
2,276,844
———-—
tDong-trerm debt —iW—
preferred stock
t$3.75 series A
*
40,000,000
24,500,000.,. 24,500,000
116,656,750116,656,750
3,699,117 v/ B,699,117
33,901,303 29,700,550
———
stock ($25 par)———.——
Prdmium on sale of common share—;—
Common
Earned surplus
1,123,186
1,222,173
40,000,000
—
238,625,817 228,518,998
56,487,921
5.4 to 1
bf *209,753,687 In 1946 and $200^207^04 in-1945.
250,000 shares of no par value.
^Represented by
debentures due 1967/and $25,000600 Of $%£%■ debetf*/
Working capital
bf current assets
>After reserves
by
tRepresented
*15,600,000 of 3%
lures due 1970.^:
to
to curr. liabUitiesxi^w
;
t
""r
~
45,265,932
3.4 to 1
-
Y. Curb-—
April 2 approved the-listing Of
250,000 authorized and outstanding $3.75 ' cumulative preferred stock,
series A. with qt par value.—V, 164, p. 2736.
•
..17. ;
The
Curb Exchange
k
Y-
New
on
_.
tJnioii Pacific RR. (& Leased
f
period End.Pebv2S^
RV
,
oper
revs,
a-
—
: JBy. .oper.
expenses—
//.'.-'.'{fit:';,,'
■" -:■■/ '
Net revenue from ry.
.c:;
.—4/———
Equip, and joint facil.
(net)
1947—Month—-1946
21,168,993
19,465,277
Wesley J. Peoples, Presideht, bh March 27
1947—2 Moft.^1946
44,252,428
41,955,319
$8,345,194 <16.350,192 $17,381,186
m
8,395,686
8,397,213
4,056,729
the corporation for Its fiscal
year ended Jan. 31, 1947 approximated $1,190,000 after all charges and
provision of approximately $763,000 fbr Federal income taxes.—V. 165,
p.
1,925,007
1,230,519
Co.—Annual Report—
The United States internal Revenue Bureau has only recently hegun
its examination of the income tax returns of the company for 1942
subsequent
years
and
certain
company
claims
portation oper._
Income
;
and
.
$2,979,011
$3,878»293
1/234,752
688,966
sources—
$6,029,499" $7,753,454
j-■.Total
:,
"11'^
Fixed and other chgs.-,.
1,125,510
Net
income
from
all
$4,213,763
818,310
$4,567,259
i,143,137
$8,376,262" ' $8,878,964
1,644,631 1/ 2,212,295
$3,424,122
$6,731,631
quarterly on March 20, June 20, Sept. 20 and
record at the close of business on Feb. 28,
May 31, Aug. 30 end NOV. 29.
The company has a large backlog of orders, and the current demand
for its products, both in the home and in the export market, remains,
at a high level, although in the export market,
encouraged by the
efforts of certain European Governments, foreign producers are in¬
creasing their offerings and sales.
YEARS ENDED DEC.
♦Includes
•
Federal
^-V. 165, p.
in-
r
■
2,050,000 •/ 2,300,000
taxes
12',7.
http://fraser.stlouisfed.org/
:i:
Federal Reserve Bank of St. Louis
1945
1946
iess Teturns
of
goods
Other
sold_^
*2,110,066
335,434
$1,454,641
income
.i.-
-
459,730
—
oh
for
$6,666,669
-
4,100,000
4,800,000
/ri:/;-.;;//■"/v//,
Federal
sales of
income
taxes—704,660
property and abandonment of
to
for
earned
Earnings
♦After
$228,660;
$836,635
surplus..—^
depreciation and amortization*-*
phffl
/•■
estimated
1945.
-//vv;/,- /,,.—
~£lJ£LJL:zhJu
per
apDlicable
$62,159).
reduction
in
' 93,239
373,076 '
1
equipment
Cash dividends
$2,445,500
942,159
$1,914,371
—
Provision
Balance
$3,395,453
sources
and interest.
The Royal Bank of Canada,
for redemption on May 1, next, at 102 Vz
Canada.
in
Virginia Dare Extract Co.,
Inc.—Calls Debentures—«
corporation has called for redemption May 15, next, $151,500/,
5 % debentures, due May 15, 1955, at 105 and interest.
This will leave the company without any funded or bank indebtedness.
The
outstanding
Virginian Ry.— -Earnings—
February—
Gross from railway.*,
Net
ry.
$2,376,517
$22,840,633
Net
958,479
891,936
628,323
572,902
4,914,685
1,942,042
1,278,389
5,041,894
5,127,957
1,897,139
2,334,694
1,234,320
ry.
oper.
2,727,443
1,674,962
income..
E.
G.
R.
meeting of
annual
elected
were
the stockholders the
T. Edwards, J. J.
E.
Roy C. McKenna, H.
Underwood.
M.
James
following directors
Henderson, F. H
S. Saxrnan, H. A.
u
Koller, Jr.,
Stewart and
organization meeting of the board the following officers were
Underwood, President; J. J. Henderson, Secretary-
the
At
.1 .\V. .'
*
♦
Anderson,
Lampard,
S.
1,152,510
/
Co.—Directorate—
Vulcan Mold & Iron
the
613,016
1502.
165, p.
At
V
••/:VV
railway
from
Net
—V.
railway..
from
$2,489,235
1,110,068
691,801
From Jan. 1—
Gross
1944
•
$2,402,859
1,121,564
..
Income..
oper.
1945
1946
1947
..
6,162,207
railway
from
Net
re-elected: James M.
Treasurer;
Ward
and B.
B.
$1,410,102
'
462,927
573,758
1,113,477
1,113,476
$1.20
income
$2.03
>
•*
federal
•"
tax
(1946,
Baking
Hetler, Assistant
Secretary.—V. 165, p. 1363.
Co.—Annual Report—Faris R.
Chairman, on Feb. 7 stated
Sales
in
increased
1946
by
$5,942,738,
$3,642,738.
Russell,
in part:
over 1945 to a
of the company.
all charges, including
$10,280,292
$70,528,129, the highest in the history
Net
earnings
for the year after
on
the
outstanding debentures, but
were
31
ahd allowanceSw**.-:^—**^ $18,903,789 $22,148,241
15,307,560
18,088,858
Selling, general and administrative expenses.—
2,141,588
1,949,317
Bales.
Prevision
'
"
.
refunds and
Dec: 20 to stockholders of
♦Loss
:
been called
Ltd., Granby, Quebec—Calls/,
"
' r>£
first mortgage bonds dated Aug. 1, 1944,"
of the outstanding 5%
All
have
and after reserves of
total of
interest
before Federal income taxes,
$2,300,000 for such taxes were
■/'..-'•/*"v/vi '■/'■/'■/.•,
-v.
.
f'-
,
provision of $349,545 was made for the payment ®f fourdividends on the outstanding 5'/2% preferred stock,
leaving a remainder of $3,293,193 earned on the outstanding common
stock, or at the rate of $4.58 per share.
(Per share earnings
the 1945 fiscal year were not computed because the company read¬
A
total
regular quarterly
for
structure on Sept. 26, 1945.)
dividends of 15 cents each and a year-end dividend of 80
total of $1.25 per share, were declared and paid on the
justed its capital
Three
2,346,763
•
$1.60 per share, payable
Total
^nts
^
other
for
adjustments are still unsettled. There is no way of determining what
final recommendations may be made by the Bureau of Internal Revenue..
The directors on Jan. 23, 1947, declared a dividend for the year of
Operating profit
#.Net inc. from trans¬
•
a
Payment will be made at any branch of
1775^,''
United States Pipe & Foundry
Cost
410,172
5% Bonds—
v
.
4,170,451
Verney Mills of Canada,
,
announced that because
the x*xpanskm < in the company's operations, the directors have
approved the'sale from the company's treasury of 71,429 shares of its
common stock at $14 a share to a group for investment.
The corpora¬
tion's working capital will be increased $1,000,000 by this transaction,
which hoes/ not Involve: hfiy public offering.
Although stockholders of this corporation have no preemptive rights,
the sale wili be submitted to them for approval at the annual meeting
6f
INCOME ACCOUNT FOR
871.256
i
Lines)—-Earnings— 'l
$29,189,711 $27,810,471 $60,602,620 $59,336,505
$8,020,718
operations
♦Taxes
rents
Stock
Ltd.,
Group for Investment—Earnings—
a
and
Listing of Preferred on N.
"
Service
April 30.
Mr. Peoples stated that the earnings of
Total
Ratio
Office
1363.
United States Radiator Corp.—To Sell Treasury
Federal
.Collefcte'd for the account of State,
and ether agencies—
long-term debt
Prbperty and other taxes—
Eedefal and other, taxes on income—..
t
for
1943, he was placed in charge of the home office Group
Department and later was promoted to Manager.—V. 165, p.
and excise taxes
Interest accrued on
Reserve
7,401,571
789,966
10,348,194
802,178
shares —ii—
mon
Motor
projects, ma-
Officials
—
announced the following home
promotions which were confirmed by the board of directors:. Paul R.
Dannet, Vice-President, Foreign Agency Division; Elizabeth V. Doogan,
Counsel; < and Charles.-A. Plumer, /Assistant Secretary.
Mr. Danner was Foreign Agencies Director for the company.
His
duties include the direction of all foreign agency department matters
and he will continue these responsibilities.
Miss Doogan became associated with the company in 1943 as head
of the Legal and Claim Department.
Mr. Plumer is in charge of the Group Insurance Department,
In
'^4^^
subsidiary of Verney Taunton
Mills, Inc., which is in turn a subsidiary of Verney Corp., has called
for redemption its outstanding 5%
first mortgage bonds. . At last ac¬
counts (here were outstanding $500,000 of this issue.
See Verney Mills
of Canada, Ltd, below.—V. 165, p. 984,
Verney Mills of Canada,
The
^
Life insurance Co., N. Y,
.Mansfield Freeman, President,
Verney Corp.—Unit Calls Bonds—
& Sterling Si Wrlght»
has been elected a
1,427,651
1,923,510
advance
insurance paid in
Boykin C, Wright of the firm of Blvearman
director.—V. 165, p. 854.
154,637,919
3,374,925""
—
(at or below cost),
receivables
Other;security investments
:> advances and non-current
Taxes and
166,622,441
TJ. S. Industrial Chemicals, Inc.—New Director—
cents,
a
C°Wwkingt0cCapital
of the company
increased by $1,506,936 over
the
$9,455,863. It is expected
the use of its presently
Government securities and some
capital for use in connection with
previous year, and as at Dec. 28, 1946 was
that during 1947 the company will require
of United States
of its present working
caiptal expenditures.
The year 1946 marked the 100th Anniversary of the beginning
this business by the Ward brothers in New York in 1846.
held
other
$2,000,000
part
proposed
'
THE COMMERCIAL & FINANCIAL CHRONICLE
56'
INCOME
CONSOLIDATED
52 Weeks Ended—
sales
Net
of
Cost
*
*
v
.
sold
goods
ACCOUNT
—-r-rr4'-—
Depreciation
818,937
administrative expenses————_
and
General
825,548
V;615,320
,
American
States
occupied
British
and
radio
and
cable
United
the
in
and
in
zones
communications
German
Germany
be-
resumed
was
;
on
for
April
Other
$2,999,697
$6,075,095
profit from operatoins_—
income
to
215,667
167,887
$6,290,762
346,234
1,790
$3,167,584
87,934
.—-
tInterest
2,300,000
debentures—-...—
on
Premium
on
Federal
debentures
income
taxes
reacquired—-—
U,957,000
$1,122,650
American
831,376
Germany
(est,)—-----------
transferred to earned surplus----
income
Net
Dividends
Dividends
preferred
5'/2%
on
Dividends
stock—
preferred
87
an
$7 common stock
on
83,813
stock-—-—
349,545
—899.052
share
.•Earnings per common
------
—
without
;
of
ment
Issue
:
SHEETS
BALANCE
CONSOLIDATED
•
had
■
4,229,907
-3,590,692
—————
—------
—
«<•
at cost ix—
cost
at
Intangible assets
the
and
to
' "1
present.
the board.
on
He could cast
provide
108,401
31,684
Net sales in
$22,202,405 $19,980,225
LIABILITIES—
payable
Salesmen's
——X—
—
taxes
Accrued
interest
$1,361,344
——
per share for
for one director
Sates
;
debentures—
payable on preferred stock—
—
Miscellaneous accruals
—
5 Vi-% 25-year. debs, due Oct, 1, 1970 (subord.)
.',5'Atftt preferred stock ($100 par value)
;";; iC(>$nioa stock. ($1 par value) —
—>
,-vi;p..JCa pitaisurpms. ....!——-
.
,
6,395,200
719,457
6,395,200
,,719,457
'4,263,476
-
CONSOLIDATED
*
1
-
-
1946
Net
87,647
sales-4,,—--xx_—-———
Income and interest
Dividend
Income
from
royalties
Profit on sale
•Including The British Arkady. Co., Ltd. stock, an unconsolidated
58.6% owned—$38,702.
fAfter reserve for depreciation of
in 1946 and $19,445,018 in 1945.
fAfter deducting U. S.
Tax Savings
notes of $2,750,000 in 1946 and $2,300,000 in 1945.—
-
income
investments—
in
165,
1*-•
p.
Weber Showcase & Fixture Co.,
"'
"
'
'
:
income
of
sales,
and
*
—„—
-
general
expenses—.——
Miscellaneous deductions ———_——
Inc.—Registers with
for Pennsylvania
Prov.
filed a registration statement with the SEC
Names of underwriters will be sup¬
plied by amendment. Of the total, 16,671 shares will be offered for
subscription to Weber's common stockholders on the basis of one new
share lor each five presently held.
The* remaining 70,339 shares will be
offered publicly through underwriters.
Proceeds will be used to reduce
bank loan* and,Jo retire a purchase mono? ^ust d4ed hote^-V. 165*
Earned
with
The company on
will
Earnings
from
Net
ry.
1946.,
equipment
from
Net
from
Net
ry.
268,559
•50,177
483,193
545,177
5,643,039
672,991
83,844
7,272,911
2,360,509
1,161,444
9,392,538
1,882,336
:
income—
'
.
'
~
charges
1,136,893
or
and
231,197
and
794,562
Income
All
•
.
Equip.
royalties,
Net
-
9,720
572,000
181,683
$564,044
$127,322
$1,374,078
surplus
—
,
income
—
Misc.
charges
;•STe.sol
deductions———_
Fixed
$442,298
•$123,939'
r^' 47,189 > y y £Q;?30
?!
.
98,498
.
cents
89,343
income
•Deficit;
f $133,144
—
.
available s, for
tAmount,
Interest requirements
fund,
,
•$67,325
on
charges, lie. capital
V2% income bonds,
mortgage .4
sinking fund and other corporate purposes.—V,
165, p.
1502. f
Gross
of $619,085
Net ry.
of its outstanding general
Jan.
mortgage 4V2%
.
.
The
right
1947.—V.
to
stock
$3,828,680
165, p.
the
called
terminate
at
bonds,
the
in
close
whole
of
or
business
in
on
part,
April
Other
18,990,509
t,
:■
;
s
p
Februarj'—
Gross
from
Net
froju
Net
ry.
.
1946
1945
1944
$308,267
$400,400
$445,870
47,719
>:• ,39.076
114,390
178,820
37,151
46,189
oper.
income!
"
15,379 .,•.'•'4' 25,728
From Jan. 1—
Net
from
ry
23,587,269
20,377,576
15,525,772
-$2.43
into
U.
follows:
as
•
undistributed
S.
dollars
1946,
BALANCE
at
par
$1,289,675;
SHEETS
AS
1945,
AT
for
and
ordinary
&
DEC.
31
1945
$
Co.,
shares
Ltd.,
45,090,563
67,776,433
2,654,084
49,417,220
2,044,16$
30,879,630
30,879,630
1,062,117
~
cost
34,893,213
34,893,218
Store
20,285,279
16,136,233
less
§Leaseholds
W.
1,071,500
93,093
Wool-
—
—
Prepaid expenses
Equipment,
F.
of
England-—.^
(cost,
less
tReal estate and buildings
JFurniture & fixtures (less
and
reserve)
;
Woolworth
93,093
Co.,
t*
1
res.
—
for
deprec.)
alterations
credit
Total
166,622
-
Reserve
$1,952,187
733,425
4,413,828
1,813,722
448,172
578,139
448,561
1,492,699
1,337,990
1
1
305,702,456 296,740,081
and
payable
interest
for
U.
accruals,
(merchandise
payments
on
S.
A.
22,690,528
4,202,20?
...
in
transit)
w-—.———
13,331,10a
674,196
35,775
194,792:
31,820,300
17,000,000
2,044,165-
debentures
and
Canadian
i,
taxes
-
1,339,758
986,680
profits taxes_
Purchase, money;, mprtgages—
Reserves for, foreign exchange losses!——;.
Reserves for employees' sick benefits—
3,807,515
600,756
1,015,803
exc.
.
25,388.750
15-year 2V2% sinking fund debentures, due 1955
251,395
2,830,199
41,750,750
1,825,867
LIABILITIES—
1944
1,478,978
1,116,070
41,367,612
1,869,582
cost)
cost)
!_*
Accounts payable
4,133,543
at
—
Accrued
953,731
294,757 /i
131,750-
I
29,715,918
35,600,589
1,410,150
(unamort.
(valued
Canadian
on
:
Mortgage
$2,224,596
supplies
31,269,064
34,060,014
amortization
and
office
Goodwill
JAiter
<■
53,694,077
4,202,203
at
receivable
securities
2,589
$376,239 in 1946 and $365,694 in
$1,239,729
and
$1,650,649.
27,581,576
savings notes—
—
47,136
1945
■
2,841,584
tax
transit—at cost
3,360,510
1946
1945
*
2,581
in 1946 and $527,766 in 1945.
:
earnings of the Cana¬
492,973
Capital stock (par $10 per share)—:
Earned surplus
4.7A993
4,999,187
30,801
100~000
'
100,000
97,500,000
97,500,000
—.
152,079,789 131,330,964:
fBook value of 46,392.5 shares of treasury stk. Drl,647,009
Drl,647,009
—,
—
1638.
Total
^
——.v-;——
305,702,456 296,740,081
*
•Conversion rate jn both years,. $4.02%.
fAfter reserve for depre^
on-buildings of $6,355,704 in 1946 and $5,922,253. iti 1945.
elation
>
fAfter
,
reserve
1945.
for
for
§After
1945.
depreciation of $19,176,871 in 1946 and $17,959,385
of
$4,272,796 for 1946 and $4,536,770deducting $901,634 previously charged tb. surplus.
amortization
IIAfter
NOTES—The statement Includes net current assets of the
Canadian
as follows: 1946—$9,738,758; 1945—$8,908,703 and other net
assets
of
that
subsidiary as follows: 1946—$11,820,761; 1945
$10
402,226.
,
'
'
"
subsidiary
of recapitalization was offered at the annual meeting of
stockholders held March 19 by a preferred stockholders' group headed
by Henry P. Carr and Joseph L. O'Brien, investment security dealers
of Philadelphia, Pa. This group fixed Aug. l, 1947, as a deadline for
approval of a plan by stockholders. If no plan is forthcoming by that
time, the group informed the meeting, it may institute court proceed-
-
Earned,
as
»
surplus includes undistributed surplus of foreign subsidiaries
follows:
-
1946,
$43,576,462; 1945, $41,130,872. i
\
The company, in consideration of modification of certain
long-termleases, which will result in a saving in rent of approximately $2,000,000-
ings for liquidation of the
company and distribution of its assets.
over the period of the leases,
to a question, John T. Whitting. Chairman and President,
has guaranteed the payment of a noter
of $2,500,000 of a lessor.
Rentals payable by Woolworth under said) "*
earnings of the company were approximately $170,000 in
leases will be used to gradually repay this loan.—V.
January .and $128,000 in February.
The company operated at a loss
165, p. 1502. y, ,4.*
during the corresponding months last year because of strikes in the
steel and coal industries.
'it;;.:/-!./;,.,,
*<:VxU.V. X Worthington
Pump & Machinery Corp.—Stock Div.
The plan offered by the preferred stockholders' group calls for the
'
The directors on March 20 declared a
10%
In
answer
net
■
railway.^x—- !
Gross from
Net
1945
/ .22,447
Recapitalization—
said
$307,732
1947
*
railway—
,
17,856
39,939,684
Majority interest in F. W.
G.m.b.H., Germany ,x__—
A plan
30,
Western Ry. of Alabama— Earnings-
4,536,776
442,903
211,822
2,100,000 *18,400,000
21,950,000
11,500,000
416,763
-
.
*
into
1502.-/K
3,066,419
4,272,796
58,780,888
Mortgages
in
..
convert
will
3,053,070
paid
converted
for
•Majority
(Alan) Wood Steel Co.—Preferred Stockholders Seek
May 1, 1947, $5,000,000
income bonds, series A, due
1,
common
61,745,189
r
I
inventories—valued
.The-Irving Trust Co.. New York, N. Y., has been designated transfer
aeent of the canital stock.—-V. 165, p. 1638.
;
-
on
460,554
71,750,170
leased ground and
in
*
income.—
oper.
* '
3,579,494
'
$4.12
Receivables
Whitehall Fund, Inc.—Transfer Agent—
:
.
2014, at 100 and interest. Payment will be made at The Chase
National ^Bank of the City of New York, trustee, IV Broad St.,; New
York, N. Y.
■
•• •
: vAi'.' /V x:
"
553,646
fixtures
and
on
Merchandise
•
railway
railway
165, p.
'
•
.
Merchandise
.
has called for redemption
company
Income—_
.1
depreciation of $11,727,599 in 1946 and $12,032,081 in 1945.
from
Net from
>
56,460,182
1,244,959
4,891,977
credit of $540,000.
Government bonds
To Redeem $5,000,000 of ^Vz% Income Bonds, Series A
The
1,319,766
Ltd., Eng.
Casn_
$1,025,782
contingent
general
reserves
February—
1947
Gross from railway—
$1,981,744
Net from railway—
^
685,337
Net" ry. cper. income—,, *
457,081
From Jah. 1—
$1,160,647
41,741
1945
1946
$79,571,739 $77,258,875
——
164, p. 2451.
—V.
tNet
for
>
.
(Including Canadian Subsidiary)
Wheeling: & Lake Erie Ry.—Earnings—
93,123
$417,984
44,302
19,589
and
CONSOLIDATED
Accounts
$1,080,867
79,780
$41,607
reserves for doubtful items of
reserves
293,211
$482,527
18,466
46,077
12,040
ix:
•$56,891
.
—:
fAfter
rents
income—r,—.——
Total
Total
—V.
x
.
YEARS
64,984,781
Co.,
share—
3,385,616
.
—
TAfter
of,;
total
a
>'
—_
&
670,396
17,083,992
$3,329
oper.. income-
ry.
Other
—
•
1945.
a-a
stores
552,369,440 477,136,447'487.384,659 420,676,265
:—
declared
per
subsidiary
120,030
etc.—
Res.
184,213
Cuba
loss——1_—
income
worth
177,246
121,746
and
•:
buildings
90.50
8,331,579
$3,778,577
222,000
84,563
127,818
<.>.%
•
W
dian
5,393,634
—
"85*882
Dr)
(Net
.
fac.
jt.
&
making
CALENDAR
.
■
uncompleted contracts
206,883
Railway oper. income-
Cuba,
FOR
—
Net
1
4,053,910
payable
on
274,939
——
Canada
1
95,166
tax,
other
in
ACCOUNT
629,912
$2,334,644
;
8
shown,
w
.
1,805
.
miscellaneous
594,348
8,445,100
$589,227
129,865
and
—x
Dividends
$79,571,739 $77,258,875
Deferred credits to income
1947—2 Mos.—1946
$7,546,909
5,361,109
5,212,265
during
as
■*.
:
operation
.
Woolworth
20,212,822
>
1
equipments
;
,
Canada
in
were
profits taxes—
Provision for income taxes—
Postwar
Railway tax accruals—
Payroll 1———--—
in
;
33,953
24,449,469
——
Advances
taxes,
an
1947:
necessity
the large
estate
real
on
.
there
12,327,687
29,094
market
$965,773
($219,576
rev.
the
extensive
mortgages
1946
year
Excess
15,963,036
current)———
Earned
from ry. oper.
Net
to
..
NOTE—This statement includes
10,801,804
—_
$5,950,336
Railway oper. expenses-
excepting
operations
estate-—
W.
exchange
1945
19,332,779
(current)
tor conting., workmen's
compensation, etc.
Minority int. in cap. stock & surplus of subsid.
Capital stock of no par value (issued and out¬
standing, 3,172,110-72/100 shares at a stated
value of $11'- each—x_—
:
$2,823,051
" 2,603,475
revenues
involve
,
from
Foreign
$11,598,473 $13,731,418
—*
Accrued
regular'
1,
the financing of
is committed, which
company
INCOME
from, real
•After postwar
1946
(at nominal value)——
liabilities—
3,912,365
v
declared
March
Investments:
6,932,196
2,243,862
share
per
the
also
on
given
of alterations and store
organization expenses
SHEET, DEC, 31.
1947—Month—1946
$3,413,615
2,447,842
Period End. Feb. 28~
oper.
plant,
Total
(Including Sacramento Northern Ry. and Tidewater Southern Ry. Co.)
Railway
toward
the
ASSETS—
estate,
Patents
' 3; CONSOLIDATED SYSTEM INCOME STATEMENT
-
receivable
(not
Accounts
railway-
and
was
will
Aniortizatich of buildings
3,964,634
$20,285,278 $16,136,232
$3.06
$1,30
and other marketable securities
receivable
Deferred
$2,755,105
447,648
240,234
$4,571,386
:
railway-
oper.
"
Aecrued interest receivable——.—
From Jan. 1—
Gross
" '
'
:
and accounts
Notes
1944
1945
.
consideration
applied
to -increase
.
share,
expenses
v.
Investments:
$3,290,629
981.632
income—
BALANCE
—L—
U. S. Govt,
tReal
$2,686,547
railway-
oper.
-
was
■.'•.'■
both payable
15,975,777
l
5,550,487
Cap. stks. of European subs. (a c nominal value >
fOther capital stocks, bonds, etc
1947
.
profit
$4,125,039
charged against earniugs.
Cash
Western Pacific RR. Co.-
Net
been
ASSETS—
NaturaJ Gas Co, above.
February—. ^
from railway-
Net
$26,835,760 $2C.i0O,8G6
———
CONSOLIDATED
Western Naturar Gas Co*—Successor—
-
$2.43
'
■
like¬
This
of
Inventories—at lower of cost
Gross
Dividends—F.
Earnings
3193.
See El Paso
Income
16,136,232
—
share—
per
deduction
have
Notes
;
and
7,040,000
aggregating $717,215 in 1946 and $474,125 in 1945
retroactive adjustments aggregaitng $333,950 in
1945 applicable to prior years) for depreciation of buildings and equip¬
(after
supplies in connection with prospecting holdings of the company.
—y. 164, p.
with
'
•
taxes
377,629
412,000
NOTE—Provisions
work,
....
Interest
Director-^
exploratory
$39,939,684.
''
Cost of sales
1,885,000
$9,659,533
year——'
largest
(Including Canadian subsidiary)
66,833
dlvidcnds.x^ij:—
i—
surplus at end. of
Coeur d'Alene, Idaho—Files
be used for
before
surplus
Earned
March 28 filed a letter of notification with the SEC
Proceeds
government
to
decided
per
share,
alone
the
^
Depre&iatio^
shares of common to be offered at 50 cents a share without
underwriting.
and
for
compared
which
A '' 145
449,180
5,920,098
taxes——
surplus at beginning of year-
Earned
...
for 200,060
S'
of
CONSOLIDATED
60,971,459
50,418,657
—
—
Cash dividends
ment
Co.,
be
1947,
per
due
to
Sales—United States,
profits taxes (net)
excess
income
Net
Harvey F. Phair, Vice-President of Cuban Dominican Sales Corp., a
subsidiary; has been elected a director.—-V. 16a,' p. 2195.
• T
Mining
as
cents
cents
sheet.
close
1,958 stores,.
Interest
common.
!-/y
Star
more"
the
also
$66,354,306 $74,811,177
corporate net inc. taxes
income
The company on Mar, 31
West
8,
50
action
funds
balance
the
U"
administration,
and distribution,
Provisions for Federal
West. Indies Sugar Corp.—New
year,
$75,232,993
1946
Cost
SEC—
shares ($5 par)
50
*•
Total
Provisions for Federal
for 87,016
of
indebtedness
no
the
subsidiary
$19,710,432
V.
consecutive
or
was
.
of
program to
three years
next
has
834,494
221,363
430,621
eighth
1946,
improvements and
the merchandising of
larger stores at 195 locations. "
* :
: >
Continued- improvement in the financial
position of the company
made possible the
paying off of the remainder of 2y2% debentures
m
the amount of $17,000,000 on
July 15, 1946.
The company now
750,261
-—a-——
provision
amounting
share,
Jan.
on
this
reserving
tne
J945
387,062
the
for
-
after
record,
per
dividend
expansion
389,835
(net)—
for
' ■■1
directors
taking
of
At
1,011,550
„
record.
year
$4.12
extra dividend
on
1,116,568
pa'r),;i
The stock
1.
This increase
year.
1945.
in
$63,608,406 $72,615,174
———
of securities
Miscellaneous
on
—
secondary
a
stock ($10
common
$552,369,440
on
the
all-tirne
to
Increase
of
previous
,
YEARS
CALENDAR
-
for
an
quarterly
FOR
"
*
''
.....
ACCOUNT
INCOME
'
phases of the situation and
plan that would do justice to.;
any
Dividends totaling $2.10 per share
were paid during the-year.-which
consisted of regular
quarterly dividends of 40 cents per; share aggre-'
gating $160, and an extra dividend of 50 cents
per share.
There.
stockholders at the end of the
year as compared with
74,546 a year ago;»
■■■'
»%.•
-.
'
$22,202,405 $19,980,225
—
'
income
was
The
During the years 1942.
"
4,283,476
2,481,788'
surplus
———
—,
stock¬
various
at
associates completed
an
record
the
individual year
any
earned
.
'
studied
arrive
;
;
the'.
by
told,
—
showed
new
for
equivalent
'
the year
a
sales
wise
'■*
83,813
7,157
6,333,825
7,157';
.
58,704
271.056
87,934
87,934
87,482
6,292,825
„
——————
of
■•XvV
*
Dividend
Total
113,136
v.
49,181
**
Earned
than
stockholder but will be opposed by
'
to
parties.—V. 164, p." 2593.
volume
reaching
^
1943, 1944, and 1945 the company sold over
'[ Sldo,000,000 of war and other materials to the United States Government.'
All of these Sales have been reviewed by the War Department
as required by the Renegotiation Act.
The War Department determined
fotfeach oi the abovementioned years that the company had hot made
an excessive profit on these sales and therefore no refund was required.
At Dec. 31, 1946, the company had 26,582 stockholders, an increase
;•
of 918 since Dec. 31, 1945. " Dqring the past ten years the number of
stockholders has increased'Steadily from21,190 at Dec. 31, 1937.
"V 30,682
22,856
258.659.
■
-
/
'•
—.————
on
;
;ir,508,138
115,046
deposits——
Employees' savings for U, S. Savs, Bond purch.
$ Estimated Fed. inc. <fc excess profits taxes—
guaranty
Accrued
in full.
"
:
1638.
p.
had
difficult
recapitalization,
of
,
appointed
.
1946 amounted to $63,609,406, the highest in
any peacetime year in the history of the company.
Net profit in 1946
was $9,699,533,
which is equivalent to $3.06 per share.
Since the end of the war the company has filed termination claims
in the amount of $2,000,000."Ml of these claims have been collected
_
Accounts
165,
Feb, 15 said in part:
on
—————————————
-.J.-"-—I"----.
company.—V.
a
committee
Charles W. Deyo, Chairman, and
Cornwell, President, on Jan. 27, said in part:
Alfred L.
A.'Blackmore, Chairman and A. N; William's, President/,
,
*
Total
proposal is being made by
it
Annual Report
;
'V
......
into
*
'/
a
,
a
close of the market April
Net
9,650,639
223,807
„
convertible
was
per share less selling concession to
members of the NASD of
$1 per share. The shares were
sold for the estate of C. S.
Woolworth.
vote
these votes
-
'
■
of
offered, at $48,375
jmmuiative
f
found
a^er
t* be asked to vote at the annual meeting-on
Are
share,
Chairman
distribution of 125,000 shares of
'
.
be
par common stock and the company would
to ai\ additional 2,000,000 shares of common
a
Peabody & Co., and
from
Westinghouse Air Brake Co.—Annual Report—George
79,952
10,413,472
—
The
$3,412,312
79,602
—
———
tProperty and plant at cost;—
Prepaid insurance, taxes and licenses
Miscellaneous deferred charges
..
at
as
split them,----
or
944,970
•Investments
w
service
would
(F. W.) Woolworth Co.—Secondary Offering—Kidder,'
_
2,161,573
1,150,427
receivable
Inventories
,
restriction
each member
2,004,575
market
approximates
.
cable
Apiil 9 on > amending the company's bylaws to
voting .for- directors,
;
This would give stockholders the right to one
Dec. 29,'45
Accounts
.
of
classes
$1
up
Fenninger,
'
military personnel
and authorized American
civilians in
will continue to be handled throughout by that company,
The stockholders
:
.••
ASSETS—Dec. 28,'46
—$4,100,613
Cash in banks and on hand—
U.
S.
Government Securities
at cost,
which
.
All
W.
all Interested
.
Voting Power Change to Be Acted Upon—
$0.29
outstanding (Id 1945 after readjust¬
capital structure on Sept, 26, 1945).
(For 1945, from date
Oct. 1, 1945.
^Includes excess profits tftjf.
■ <
•Based oh 719,457 shares now
of
States Zone,
of
to issue
publicly at $6
holders his committee
107.847
-$4.58
———"
United
the
in
■
share
new
sold
''^i-^^^sement to study possible plans
Schleswig-Holstein, Oldenburg, Hamburg
Hanover, SchaumbergLippe, Westfalen, Lippe, and Brunswick.
Messages to German civilians
will be delivered in Germany by the German Telegraph Administration.
The
Western
Union
Cable
System maintains
offices in Bremen,
Frankfurt, Munich, Nuremberg, and 14 other important- German cities
—
be
Carl
;ti Wurtteinberg, and Hesse in the United States Zone, and in the British
$3,642,738
——
—
stock
:
Zone,
Total
one
be authorized
Military Government in Germany.-V-^x- - *
::
areas
affected include the German States xf Bremen, Bavaria,
The
preferred
a
,
American
Net
new
at $6.25 up to and including
July 1,-1957, and thereshare, up to and including July l, 1987.
'
V
Under the plan each share of old common stock would be
exchanged>
alter at $10
the ,'
in
civilians
1 for the first time since before the war, it is announced x A
tariff application covering the service has been filed with (he Federal
Communications
Commission
pursuant
toi, an
agreement with
the
•
" 817,957
.
,
international
of
individuals
tween
41,103,678
14,500,957
K
—
■.
Acceptance
'
and
stock
common
29, '45
46,952,190
16,066,567
————— -——
debentures
The
Western Union Telegraph Co.—Resumption of Service
„
$70,528,129 $60,247,837
delivery and sell. exps. incl. advertising
Cost of
.,
Dec. 28, *46 Dec.
'
—:————-
Monday, April 7, 1947
railway.
railway
cper.
165, p.
income—
issuance of $50
646,C51
646,310
874,779
891,937
1967,
99,918
77,117
274,079
343.510
fer rd
32,113
50,073
79,196
94,319
1364.
of
callable
*
cumulative convertible 5%
in
at
present $100 par
tions
totaled
$55
sto^k
debentures,
due
June
a
1,
ten shares: of cumulative /convertible 5% pre¬
-*tU?.b!e- atrll-t^m and $R in.cash for each share
7% preferred stock on; which dividend »cc"'nul&
100;
v;
share
on
Dcc<
31,
1916.„ t t
-t'!',j.u
t
\
dividend
and
a
quarterly cash dividend of 50 cents per share on the common
stocky
payable June 20 to holders of record June 5.. A quarterly cash
distribution of 50 cents per share was .made on March
20. this year.
both
In
cents:
1946,
the
each,*, plus
paid four quarterly cash dividends of 37*/*
extra of SO cents ®n Dec. 20.—V. 135 p. 581. -
company
an
.
.Volume 165
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4583
(1913)
57
State
BOND PROPOSALS AND NEGOTIATIONS
ALABAMA
Bond
Sale
for sole
(State of)
The
following
—
bonds
revenue
be received until 8 pjn. on
offered
Board 1947. Denom. $1,000. The next
Education, for the purchase of highest bidder was Redfield & Co.,
for $27,000 2Vfes, and $48,000 3V4s,
$500,000
2%
semi-ann. school
Co., of Birmingham, and
Associates, as 2y4s, at a price of
100.30, a basis of about 2.212%:
at
bonds, dated May 1, 1947.
at
April 1,
Normal
-
bonds.
as
V;?,. 19.53 tQvl957. f,
"
Bonds
Not
Sold—The
$100,000
State Teachers College at Florence
bonds, offered for sale on April 1
165,
—v.
1503—were Withheld
p.
from sale and will be reoffered at
later
a
issuance of
calling for the
date.;* Dated April 1, 1947.
Denom. $1,000.
bonds."..pp
/
Calif.
Bond Offering—E. Dusenberry,
County Clerk, will receive sealed
bids until 10:30 p.m. on April 15,
for the purchase of $20,000 school
these
Fresno and Madera
4;
j
J
Gaines, Brodnax & Brown, Inc.. and
Associates,
for 2*4s, at a price of 100.29.
was
CALIFORNIA
Alameda
.
Bond
Offering—E. Dusenberry,
County, Niles Elementary County Clerk, will receive sealed
(P. O.
bids until 10:30 p.m. on April 15,
School District
Oakland), Calif.
v"': v-tf/.:f ALASKA
Counties, Fire
baugh Joint Sch.. Dist. (P. O. X
'■
Fresno), Calif.
;
The next highest bidder for the
$175,000 bonds
County, West Park Sch.
(P. O. Fresno),
Warren, Ark.
Bond Offering Cancelled—It is
(bonds, not exceeding 5% interest.
stated
that the offering of the Dated
May 1, 1947. - Denom. $1,$36,000 not to exceed 2.65% semi- 000.: These bonds are due $2,000
ann.;! improvement bonds, which
May 1, 1948 to 1957. Principal and
had been scheduled for March 27 interest
payable at the County
|—v. 165, p. 1365—was cancelled Treasurer's
office.
A
certified
as the voters at the election held
check for $1,000, payable to the
on March 25, rejected the proposal
Board of Supervisors is required.
follows: $2,000
in 1948 to 1962, and $3,000 in
,
price of 100.001.
Dist.
,
Due
a
Fresrto
Melbourne, Ark.
Election — An issue
Bond
of
$150,000 State Teachers College at
*
Jacksonville bonds. Due $10,- $15,000 water system bonds will be
V
submitted to the voters; at the
000 April 1, 1948 to 1962.
25,000 Agricultural & Mechanical election to be held on April 21.
Institute
series
of
row'&
•
9,
nom.
24, by the Secretary Of the
April 1—v. 165, p. 1503
awarded to Watkins, Mor¬
on
~rwere
April
interest.
3s, and $24,000 maturing $4,000
May 1, 1961 to 1966, as 2%s. In¬
terest payable M-N. Dated May 1,
Rock), Ark.
Bond Offering—Sealed bids will
Little
Alabama
building
in 1948, $4,000 in 1949 to 1960, as
(P. O.
Rock Sch. Dist.
Little
,
Bond
for the purchase of $30,000 school
bonds, not exceeding 5% interest,
of
An issue
Election
j $77,000 construction bonds will be | Dated May 1, 1947. Denom. $1,000
submitted to the voters
at the These bonds are due
Bonds
Voted
Thefollowing
$3,000 May
election to be held on April 22.
bonds ^amounting
fo
$2,325,000
1, 1948 to' 1957.
Principal and
bonds, not exceeding 5% interest,
Alameda County, Niles Sanitary
| interest payable at the County
i Treasurer's
office.
A
certified
vttoe:i2^pably voted; atihe elec¬
District (P. O. Niles),
tion held on March 27:
Check for $1,000, payable to the
Calif
Anchorage, Alaska
—
,
.
$350,000 water, - system eonstruction bonds. ,;;V< -kI4: ■
<50,000 water line rehabilitation
M bonds. •:.
.150,000
water
;
4-4Vi'- "!f;..
line
225,000
submitted
to
election to be
the
held
at
system expansion
4
--/X":
y
;
general
d
shop, building
construction
garage
the
Calif.
Election—The following
boi}ds amounting to $700,000 will
election
to
be
held
at the
June
on
bonds.
400,000
street
bonds.
;
500,000
'
•
improvement
"
-
electrical
distribution
'
v
3:
system bonds.-
An
issue
of
$500,000 telephone
construction
bonds
authorized at the November,
system
was
1946
—
The
$335,000
re¬
funding bonds offered for sale on
April 2 were awarded to a syn¬
dicate composed of Paine, Web¬
ber, JackSon & Curtis, of Chicago,
Boettcher & Co., of Denver, and
Kenneth A. Ellis &
Co., of Phoe¬
price of 100.821, a
net interest cost of 2.93%. Inter¬
est payable J -J. The next highest
nix,
as
bidder
3s, at
was
a
John
Nuveen
&
Co.,
Refsnes, Ely, Beck & Co., Barcus,
Kindred & Co., Peters, Writer &
Christensen, and Pasadena Corp.,
jointly, for $50,000 2%s, $30,000
21/£s, and $255,000 3s, at a price of
100.023,
-
net
a
interest
cost
of
2.94%.
v.;
ARKANSAS
^^^a '■
-
4
■>
■
'!;.?
XXArkansas (State of) '
Bond Call—Ben Laney, Chair^
: man
of the State Board of Fiscal
Cbntrolp ..called for payment on
April1afc par and accrued inter¬
est,::- all!, outstanding non-interest
bearing-^series B, road district refiznding bonds, dated Jan* 1, 1934.
Bonds! should
be presented
for
payment at the State Treasurer's
"P office..
'
Hot
-
'
Springs, Ark.'
p.
$50,000
of
receive
for the
hospital
bonds.
Costa
1639—were
purchased
Country,
j
Sanitary District, Calif.
sewer
system bonds offered for sale on
[April
1—y.
165,
p.
1639—were
Co., of
Chicago, at/a price pf 100.118, a
for
furnished
bidder'
successful
the
certificate
check for $1,000, payable to the
Gity Treasurer, is required.
without
charge. ')/, A
r
-
,
visors, is required, ;
Ana,
LosAngeles County Sch. Dists
(P.- O. Los : Angeles), Calif.
Bonds
VOted-^An issue
Of $1,-
750,000 Mount San Antonio Junior
College District bonds was favor¬
ably voted at the election held on
2^s, at
as
of
basis
a
March 1,
price of 100.44T,
a
Dated-
1.955%.
about
Due from 1948 h>!
1947.
Runner-up was the?
Bank, of Orange,
incl.
1966,
National
First
offering 100.416 for 2%s.
•
•
County,'Thermal Schoot
(P. O. Riverside), Calif. '
Riverside
March 31.
District
$51,000 maturing May 1, $3,000
A.
Offering—G.
Bond
Peque-
1964, and $7,000 in 1965 to 1967.
than par
A certified
check for 10% of the amount of
.
/jJ>
i
.
B, issue 1945, municipal improve¬
ment bonds offered for sale on'
and accrued interest.
March
of
25—v.
awarded
165,
1639—were
National
p.
the Capital
to
bid,
Board of Supervisors,
about 1.385%.
co, at a price of 100.237, a
terest cost of 1.746%.
;
—
Sealed bids
until April 2, by
the City Clerk, for the purchase
of $155,000 not exceeding 5% sew¬
er
of 1946, series B coupon or
registered bonds. Denom. $1,000.
Dated May 1, 1947. Due on May
I, as follows: $5,000 in 1948 to
1952, $10,000 in 1953 to 1962, and
$15,000 in 1963 and 1964.
Bonds
maturing in 1953 to 1962 shall be
callable on or after said date as
hereinafter provided. Commencing
May 1, 1949, and thereafter the
callable bonds may be called in
whole or in part in inverse order
of maturity at par and accrued
interest to date of' redemption
;
Carmichael
O., Sacramento)l
X
~
is reported: '
that sealed bids will be received
Offering—It
Bond
■
7, by the County
Clerk, for the purchase of $28,000 school bonds.
-v
until: April
Sacramento
County, Consumnee*
Sch. Dist. (P. O.
River Union
Calif.
The County
Sacramento),
Offering
Bond
received
Clerk
sealed
receive
will
until April
—
bids
9, for the purchase of
$50,000 school bonds.; ;
Sacramento
County,
Elk Grove
High Sch. Dist. (P. O. ■
Sacramento), Calif.
,
Bond Sale—The issue of $300,- *
Union
,
000 school bonds
—v.
offered March 34 ;
165, p. 1776—was
awarded to
•
Co., and the Bank of
Trust & Savings
Association, both of San Francisco,
jointly, at a price of 100.039, a net
interest cost of about 2.05%, as1;
Blyth
&
America National
follows:' j:
.4;;
••4
•
V !
•
premium of 1% of the $100,000 l%s. Due $10,000 on May*
4 :1 from 1949 to 1598 incl.
principal amount. If less than the
125,000 2s. Due May 1, as fol¬
entire maturity is called upon any
lows:
$10,000 in 1959 and .
interest date, the amount to be
1960, and $15,000 from 1961
called within such maturity shall
plus
a
be in
,
purchase of $65,000 school
bonds, to bear not exceeding 5%
(P.
Calif.
Bonds Offered
were
selected
-
the
Dist.
City
Clerk,
will
bids until 11 a.m.
receive - sealed
(PST) on April
.
.
to
1967 incl.
»75,000 2y4s. Due $15,000 on
1 from 1963 to 1972 incl.
May
•
Sacramento County,
Fair Oaks*
Sch. Dist. (P. O. Sacramento),,"
Calif.
The County :
sealed bids un¬
April 14 fcr the purchase of
Bond
Offering
Clerk will receive
til
ui
*
Sacramento County,
Sch.
net in¬
multiples of $5,000, and shall
by lot within such
Los
Angeles
County,
Mountain maturity. These bonds are part
View School District (P. O. Los
of the $485,000 issue authorized
at the election on Sept. 25,1945.
Angeles), Calif. 'X
Bond Offering—J. F. Moroney,
Modesto, Calif. * • ':
County Clerk, will receive sealed
bids until 10 a.m. on April 8, for ; Bond Offering—Rex E. Gailfus,
M-N.
$75,000
Orrick^
Dahlquist, i Neff, Brown & /Her*2
rington, of San Francisco, will be
'
be
Sale—The
applying £ opinion / of
payable to the County Bank, Sacramento, as l^s, at a.
is required. price of 101.331, a net interest^
(cost of about 1.34%. Dated Jan# 1,
$300,000 construction bonds wil
Marced County, Livingston Union
1947, Denom. $1,000. These bond3f'
be submitted to the voters at the
School District (P. O. Merced),
are due $15,000 from Jan. 1, 1948'
election to be held on April 8.
Calif.
to 1967. The next highest bidder
Bond Election — An issue of
was Weeden & Co:, for $165,000:
Lake County, Burns Valley School
$130,000 schobl bonds will be sub¬
IV4S, and $135,000 1WQ at a price
f District (P. O. Lakeport), Calif.
mitted to the voters at the elec¬
of 100.05,- a net interest cost of
; Bond Sale— The $40,000 4%
tion to be held on May 16.
issue
Bond Sale—The $7,500,000 se¬
Francisco, will be furnished free
ries B, municipal airport election
of charge. A certified check for
of 1945 bonds offered for sale on
5% of the bonds bid for, payable
to the County Treasurer, is re¬ April 3— v. 165, P, 1639 — were
awarded to a syndicate composed
quired.
of the National City Bank, Smith,
Contra Costa County, San Pablo
Barney & Co., both of New York,
Northern Trust Co., of Chicago,
Sanitary District (P. O,
California Bank, of Los Angeles,
San Pablo), Calif. .4
Bonds Publicly Offered — Pub¬ First of Michigan Corp.,. Roosevelt
lic offering of $195,000 6% sewage & Cross, both of New York, First
facilities, Assessment Series No. National Bank, of Minneapolis,
21 bonds is being made by Hanna- and the First National Bank, of
ford & Talbot, of San Francisco. St. Paul, at a price of 100.0009, a
Dated
Feb.
21,1947.
Denom. net interest cost of 1.5559%, as
$1,000. " Due $13,000 on July 2 follows: for $2,625,000 maturing
from 1948 to 1962 incl.
Callable $375,000 May 1, 1948 to 1954, as
at 105, plus accrued interest on l%s, $1,125,000 maturing $375,000
any interest payment date on 60 May 1, 1955 to 1957, as 1V4S, $2,days' notice. Interest J-J. Assess¬ 250,000 maturing $375,000 May 1,
ments for the bonds are collected 1958 to 1963, as IV2S, and $1,500,at the same time and in the same 000 maturing $375,000 May 1, 1964
manner as the general tax levy to 1967, as 13/4S. Interest payable
Bond
pract¬
Orange County, Silverado Sch. Dist.r
Principal and inter¬
(P. ,0. Santa Ana), Calif.
est payable at the Couhty Treas¬
Bond Sale—The $12,000' schoolury. A certified check for 3% of bonds offered for sale on March.
the bonds bid for, payable to the 25—v. 165, p. 1639—were awarded
to G. W. Bond & Son, of Santh
Chairman of the Board of Super
the
field), Calif.
Election—An
Bond
r
basis of about 2.857%,- as follows:
High
School District (P. O. Bakers-
*
P.
County Treasurer's office. The price of 101.29. ."
legal opinion of Orrick, Dahlquist,
Los Angeles, Calif.
Neff, Brown & Herrington, of San
1.895%.. Due from March
Interest payable M-S.
Kern County, Wasco Union
the
Fall brock
as soon as
icable, which it is contemplated
will be on or about June 16. The
of V* of 1%.
Mill Valley, Calif.
April 14, by W. F. Paasch, Coun¬ awarded to the Bank of America
Bond Sale—The $155,000 series
National Trust & Savings Associa¬
B, sewer of 1946 bonds offered for
tion, of San Francisco, at a price sale on April 2, were awarded to
not to exceed 5%, payable M-N. of 107.955, a basis of about 3.07%
a syndicate composed of the Bank
Denom. $1,000. Dated May I, 1947. Dated April 1, 1947. These bonds of America National Trust & Sav¬
Due as follows: $1,000 in 1948 to are due $2,000 in 1948 to 1967, in¬ ings Association, Blyth & Co., R.
1959, and $3,000 in 1960 to. 1964. clusive. The next highest bidder H. Moulton & Co., and Heller,
Principal and interest payable at was Stone & Youngberg, at a Bruce & Co., all of San Francis¬
awarded to John Nuveen &
to 1970.
County Clerk, will receive sealed
bids until'' 10 a.m. on ' April; 15,
for the purchase of $29,000 school
bonds, not exceeding 5% interest.
Dated May 1, 1947.
Denomina¬
tion $1,000. These bonds are due
May 1, as follows: $1,000 in 1949
to 1955, and $2,000 in 1956 to 1966.
Rate of interest to be in multiples
ty Clerk, for the purchase of $27,000 school bonds. Interest rate is
by the said firm at a
price of 104.12,, a basis- of, about
ili«1950
Treasurer's office
Angeles), Calif.
Offering—J. F. Moroney,
Bay Point
Martinez), Calif.
—
Sealed bids school bonds offered for sale on
be received until 11 a.m. on March 25—v. 165, p. 1503—were
Contra
now
states that the $100,000 21A% airport improvement bonds sold to
EL L. Villareal, of Little Rock, as
165,
will
for the county.
,u4/.^tii»?Elld-r^he City Clerk
noted here—v;
purchase
will
Nogales, Ariz.
Sale
he
that
bids until April 7,
Sch. Dist. (P. O.
Bond Offering
ARIZONA
Bond
sealed
I
an¬
.■/SsH'htii'.
v! election.
r
Coalinga Local Hospital District
(P. O. Coalinga), Calif. •
Bond Offering —The Secretary
nounced
250,000 municipal airport bonds
Los
Bond
No bid is to be for less
$14,000 school bonds.
has
-
obligations of the City. The deliv¬
ery of the bonds will; be made to
Potrero Hgts.
the successful bidder at the City
(P. O,
j.'
I until April 14 for the purchase of
$225,000 incinerator bonds.
475,000 park bonds.
of the Board of Directors
Los Angeles County,
School District
payable at the City Treasure
The bonds are general
er's office.
Madera
Hanford, Calif.
*
;■
visors, is required.
est
County, Chowchilla Sch
gnat, County Clerk, .will receive;
Disti (P. O, Madera), Calif.
Bonds Voted—An issue of $350,sealed bids until April 21, for the*
Bond Offering—Sealed bids will
|000. sewer bonds was ratified at
purchase of $75,000 school bonds^
be received until 10 a.m. on April
the election held on March 11.
These bonds are dated June
8, by Harold T. House, County
1947.
Authorized at the, election!
Kern County, Semitropic Sch. Dist
Clerk, for the purchase of $157,held on March 11.- ';r:,*
(P. O. Bakersfield), Calif.
'
000 sehool bonds. Denom. $1,000.
Bond
Offering — The
County
Dated June 1, 1947. Due on June
Sacramento, Calif.
<
■
Clerk
will
receive
sealed
bids
Bond Sale—The $300,000 series
1, as following: $8,000 in 1948 to
Alhambra,
Bond
for, payable to the
Chairman of the Board of Super¬
(Board of Supervisors, is required
April 8
on
the bonds bid
of
will
voters
the purchase of $560,000
A, municipal improvement
or registered bonds, not
exceeding
5%
interest.
Dated
in 1956 to 1964. Rate of interest June
15, 1947.
Denom. $1,000.
to be in multiples of Y\ of 1%. These bonds are due $20,000 June
Principal and interest (M-N) pay¬ 15, 1948 to 1975. Bidders to name
able at the County Treasurer's of¬ the rate of interest in multiples
fice. A certified check for 3% of of % of 1%.
Principal and inter¬
for
coupon
be
issue
An
bonds
be submitted to the voters
bonds,
-a n
sewer construction
-
sewage
175,000
T .V;
*
,
bonds.
—
sanitary
extension
bonds.
225,000i trunk'
Election
Bond
$100,000
Dated May 1, 1947. De¬
$1,000. These bonds are due'
May 1, as follows: $2,000 in 1949,
$3,000 in 4950 to 1955, and $5,003
—
58
JHE COMMERCIAL & FINANCIAL CHRONICLE
(1914)
$50,000 school bonds authorized at
of
ILLINOIS
bid
the election held
for, payable to the Chairman
Board of Supervisors, is
required.
,,,
Jan. 17.
on
San Benito County, Hollister
,
School
District
(P.
the
O.
Bond Election—The issuance of
$50,000
COLORADO
Bond
Election
An
—
issue
Lafayette, Colo.
of
"
construction bonds will
be submitted to the voters at the
electioh to be held
on
bonds
000
was
May 2.
tion held
on
for
sale
a
basis
of
about
1.995%.
Dated
April 1, 1947. Due $10,000 from
April 1, 1948 to 1955, incl. Interest
payable A-O. The second best bid
was
an
offer of
for
100.061
21/4s,
will
&
Trust
Savings
tion, of San Francisco.
San
Joaquin
to
24—v.
165; p. 1639—were awarded to the
American Trust Co., of San Fran:
cisco,
according
to
the
He also states that the
$65,000
Linden School
District bonds
at
sale
the
same
of¬
time,
purchased by the Union Safe
were
x
for
Deposit Bank, of Stockton.
San
bonds.
Dated
May 1, 1947. Denomina¬
tion $1,000.
Bidders to name the
rate of interest in
of
1%.
multiples of
Principal and interest
the
at
Bank
Branch of the
the State of
of
Delaware, Wilmington.
The full
faith and credit of the Levy Court
of the
County is expressly pledged
to the payment of said bonds. The
above Court will also furnish the
—
Luis
bonds.
.
Obispo Union
High School District bonds. -v
San Marino, Calif.
Bond Election
An issue
of
—
$180,000
municipal
bonds will
be
improvement
submitted
voters at the election to
on June 3.
<
Santa
Cruz
County,
Cruz),
the
be held
Aptos
Elementary Sch. Dist.
Santa
to
Union
(P.
Calif,
GEORGIA
/44 Columbus, Ga.
Bond Offering—Marshall Mor¬
ton, City Manager* will receive
sealed
$5,325,000
O.
the
bidding
in
1957*
cisco.
A certified check for
;
1
:
$1,500,
payable to the County Treasurer,
accompany the bid.
-•
must
Solano County, Fairfield Sch. Dist.
(P. O. Fairfield), Calif.
;
County, Grand View School
District (P. O. Visalia), Calif.
Bond Offering—Gladys Stewart.
County Clerk, will receive sealed
bids until 10
a.m.
t
r e e
Due
and
t
improvement
$4,000 irt 1948 to
$3,000
in
1958
April 15, for
$22,000 school
on
the
purchase of
bonds, to bear not exceeding 5%
interest.
Dated April 1, 1947. De¬
$1,000. These bonds are due
$2,000 from April 1, 1948 to 1958.
Principal and interest payable at
nom;
the County Treasurer's office.
A
certified check for 5% of the bonds
to
Cook
park
and♦ playground
Vp bonds. Due $5,000 in 1948 to
1977.
^
100,000
fire
$4,000,
station
1948
to
bonds.
Sold—A.
&
Co., and Stifel, Nicolaus & Co.,
both of Chicago, jointly, recently
were
awarded $11,900,000
114%
and 1%% tax anticipation war¬
rants, as follows:
$9,500,000 cor¬
porate
1957;
obligations of the City, and
will be delivered to the
purchaser,
or its agent at
Columbus, within a
few days after the award. These
been
■
validated
by
regular order ob court, and the
purchaser will be. furnished, withput
charge, with favorable legal
opinion: from Storey, Thorndike,
Palmer & Dodge, - of Boston.
A
certified
check
for
$25,000,
City, is required.
29
the
at
>
y
t
.r
y
issuance
of
have
been
approved
the
by
recent election.
a
McDonough County (P. O.
Macomb), III.
of $90,
000 road bonds was favorably 1
Bonds Voted—An issue
voted
at
March
26.
the
election
held
Millstadt Sch. Dist.'No.
166, III.
Bonds Sold—An issue of
school
building bonds
ed
on
of
Chicago.
on
was
.
$80,000
award-
..
March 31 to Ballman & Main
•
Morgan County Sch/ Dist. No. 117'
(P. O. Jacksonville), III.
'
Bond Offering—Sealed bids will
received until 7:30
p.m.
on
e
be
April 8, by M. Bea Loomis, Secre¬
tary of
the
of
Board
Education,
•*
for the purchase of $150,000 school
bonds.
Dated May 1, 1947. Due
on Nov. 1, as follows: $10,000" 1A
bear interest of more than 2%.
1950, $15,000 in 1951, .and $25,000
pation warrants^ as follows; $400;*
Bidders shall specify in their ins 1952 to 1956.
000 at 1%%; $350,000 at 1%%,and
Legality ta be*
bids the rate of interest to be paid,
approved by Chapman & Cutler,
$150,000 at 1%%.
'v." .,V
in multiples of Va of J% per an¬ Of
Chicago.
Crete Community High Sch. Dist. num.
(Not more than two rates
Palatine Consolidated Sch. Dist.
No. 201 (P. O. Crete), III.
of interest may be specified for
No. 15, III.
Bond Sale Details—It is now
a
varying maturities.)
Bonds will
Bond Election
An issue of reported by the Superintendent of be sold to the bidder whose bid
School? that the $250,000 construc¬ shows the lowest net interest cost $600,000 building bonds will be
"
I
»
.
—
tion
bonds
sold
to a syndicate
by the White-Phillips Co.,
of Davenport, as 2s, at a price of
100.385, as noted here—v. 165, p.
headed
lows:
due
$9,000
on
Jan.
1,
to
in
1949; $16,000 in
1952; $17,000, 1953 and
1954; $18,000, 1955 and 1956; $19,000, 1957; $20,000, 1958 and 1959;
State of
Illinois, and each
than
1.95%.
the date of sale.
Interest payable J-J.
Cumberland County (P.
O.
Toledo), III.
Bonds Voted—An issue of
$300,.
-
will
for
be
submitted
to
consideration
at
the. inclusive.
an
000
Interest
will
be
be
voters
the
at
bonds
held
on
April
to
be
marketed
are
19.
school
bonds
Co., of Chicago,
due
in
was
as
1948
2s. These bonds"p.
to
subject
1966,
to the election to be held
on
Williamsfield, III.
Sold—The
$8,000
well:
26.
; Bonds
construction
v.<a.
on
-
,
March 4, have
V'v
.
Woodbine, III.
Bonds Voted—At
pay¬
4
bonds, authorized at>
the election held
been sold.
•'
,
a
i<-
recent elec¬
rGray8ville,Ilt.
election
Sold —The
tire<fc
May 3.
on
Bonds
on
-
INDIANA
;
voters
March
on
26,
have
been
tary of State, and countersigned
Board,
consisting of
utilities
If desired, bonds
for sale
on
—were
awarded
State: Auditor.
are
subject to registration as to
Governor Dwight H.
Green, Chair¬
man, and members Richard Yates
principal and interest.
Rowe, State Treasurer, and Major
General Leo M.
Boyle, Adjutant
cording to the bonus act, must be
General, announced
plans
of
for
bonds
sale
of
on
March
28
-
advertised at least teir days prior
to the sale.
$300,000,000
to
Notice of. the. sale of, bonds, ac*
All proceeds for the sale
finance the payment
of bonuses to
nearly one million
honus: bonds,
veterans of World War II. "Avail¬
the bond
able records indicate that except
will be placed in the
for
Brookston, Ind. ">
Bond Sale—The $70,000 electric
by :the> State Treasurer and the
Illinois (Statcof )
Bond Offering — The Service
offerings by the Federal Gov¬
- •
I, :
City Clerk
All bonds are signed by the
states that $75,000 street
improve¬
ment
bonds, approved - by the Governor, attested by the Secre¬
sold.
4
April-
May 1, 1948 and on the tion/ the voters: are?^^said, tb have%
first day of May each year there¬ approved the issuance of $35,000 '
after until the issue has been re- road bonds.
• - 4
•'
*
able
!
purchased
recently by G. H. Walker & Co.,
Newhard, Cook & Co., both of St. rf
Louis, and the Channer Securities
are
The bonds will be designated as
Service Recognition Bonds, Series
to
Vandalia High School District, III.
Bonds Sold—An issue of $375,-
The
$300,000,000.
reserved to reject
A, and will be numbered from 1 to
000 road bonds carried at the elec¬ 300,000 in denominations of $1,000
date May 1, 1947.
tion held on March 20.
All bonds will
mature without the right of prior
Crayslake, III,
redemption.
The bonds will be
Bond Election—The issuance of
issued in equal maturities of $12,$125,000 sewerage disposal plant
500,000 yearly from 1949 to 1972,
voters
the
immediately after the election.
These
No bids will be received for less
$21,000, 1960 and 1961, and $22,000
in 1962, giving a basis of about
to
to
Illinois.
right is
any or all bids.
Temporary bonds will be issued
pending preparation of the defini¬
tive bonds, and will be available
for delivery within thirty days of
1950
submitted
election
fol¬
as
the
bidder will be required to cite the
net interest cost to the State of
.
by
of the
bonds
offered/
April l-^-v; 165, p. 1503; :;
to the City Se- .r:
curties Corp., of Indianapolis, as ~ '
2Vzs, at a price of 100.61, a basi?f!
revenue
.
of about 2.443%.
1947.
Dated
April
Denom.
$1,000. These bonds : 4,
are due
1951 through 1966. ^ Thev 4
next
highest bidder kwas Fox/
Reusch & Co., of Cincinnati, for-'-"
2%s, at a price of 1QL665.-*
law,'' including
IOWA
receipts plus premium,
Illinois Com¬
pensation Fund in the state treas
ernment, this is the largest single
ury
offering, of securities in the his
payment of bonuses to Illinois vet¬
erans
and used exclusively for the
of World War II.
f
.
Grundy County (P. Q« Grundy i
4
Center), Iowa
Bond Sale—The $200,000 liberty
...
memorial
on
bonds offered
April b—v. 165,
p.
C
id
•
i -'
4 < tnb q s fB to 1,8■: < • 00 &££ £
4loti 'fioquoii- gm: BifS •'•••^0=
■
for
sale;
1640—were
awarded to the local banks
r.
yt
Voted—The
voters at
April
Service. Recognition
tory of public financing." Bids for
pay¬
Bonds
to
on
Board at 218 W. Monroe St., Chb
cago, 111., and bids may be sub¬
County Forest Preserve
mitted in the care of the State
District (Pi O. Chicago), III,
Warrants Sold—A. C, Allyn & Treasurer, Richard Yates Howe.
According to the bonus act, the
Co., and Stifel, Nicolaus & Co.,
bonds must be Sold
not Less
both of Chicago, jointly, recently
than par value, and they must not
were awarded $900,000 tax antici¬
Recognition
eral
able to the
$2,400,000
/
'
i,
Bids will be received
Cook
$3,000,
gen¬
have
and
purpose
ent time,
4 '
$130,000 construction bonds is said
credit of the state is found in the
treasury balance has
increased from $54,183,178.39 in
1936 to $278,142,647.85 at the pres¬
'
1
(P. O. Martinsville), III.
col¬
fact that the
; '
Martinsville Sch. Dist. No. 46
highway.
Due
1958 to 1977.
bonds
C. Allyn
,
Dated April 1,1947. Denom.
$1,000.
Principal and interest payable in
Columbus. These bonds are
Louis.
the faith and
Warrants
All-
i-
Murphysboro, taking $637,000
3s, and $127,000 as 2%s. Dated
1, 1947. Legality approved
by Charles & Tra'uernicht, of Si.
Feb.
County (P. O. Chicago), III. lected and income for the
past five
Called—It is stated by
years totaled $1,326,704,847.22 or
Louis E. Nelson, County Treas¬
an
average of more than $265,urer,
that judgment funding
340,900 every fiscal year.
Re¬
bonds of 1944, being Nos. 384 to
ceipts for the first half of the fis¬
858, for $1,000 each, are being cal
year indicate an income of
called for payment as of May 1,
more than $342,000,000 for the fis¬
at the American National Bank,
cal year ending June
30, 1947.
of Chicago.
Further evidence of
000. in 1958 to 1977.
150,000
a
of
are unsur¬
Taxes
Educa¬
that
as
Bonds
bonds
100,000 public works bonds. Due
$4,000 in 1948 to 1957, and
$3,000 in 1958 to 1977.
$20,775,648,000.
was
~
100,000 hospital bonds. Due $4,000 in 1948 to 1957, and $3,-
on
March 18.
Tulare
1957, and $8,000 in
,
Bonds Voted—An issue of
$46,000 construction bonds was favor¬
ably voted at the election held
(EST),
1977.
1947 to
Legality to be ap¬
proved by Orrick, Dahlquist,
Neff,
Brown & Herrington, of San Fran¬
s
bonds.
5%, payable J-D.
incl.
1948 to
100,000
Interest rate
15,
a.m.
1958 to 1977.
Denom. $1,000. Dated Dec.
15,1946.
Due $5,000 from Dec.
1957,
10
$40,000 in 1948 to 1957,
and $30,000 in 1958 to 1977.
250,000 sewer bonds.' Due $9,000
(PST), on
April 7, by H. E. Miller, County
Clerk, for the purchase of $55,000
is not to exceed
until
and its faith and credit
the First National
was
\
$800,000
construction
bonds, approved by the voters on
Feb. 15, have been purchased
by
the Illinois
Municipal Bond Co.,
Bank, of Chicago, offering 114%, passed. Assessed valuation of all
property for the 1946 fiscal year
plus a premium of $1,597.50.
Due
-
Secretary of the Board of
tion
the wealthiest states in the nation
Runner-up in
127
(P. O. Madison), III.
Bonds Sold—It is stated by the
tax
of $1,605.00.
»
purchased
Madison Sch. Dist. No.
lief, and bonus purposes.
Every
principal and interest date has
(P. O. Chicago), III.
$1,000,000 public school bonds.
Bond Offering—Sealed bids will
school bonds.
bids
April 22, for the purchase of
the following 2% bonds amount¬
ing to $1,800,000:
on
be received until 2
p.m.
coupon
have
;Chicago Sanitary District
1776—are
I
to
approved the issuance of $30,000
water system bonds.
was
r
time
mium
■
San
same
1964, and $6,000 in 1966.
follows: $5,000
as
•
650,000
the
1948, 1950, 1952 to 1954,
1956, 1958, 1960 to 1962, and
May 1,
the
Obispo County, Atasca- purchaser with
approving
dero Elementary School District
opinion of Henry M. Canby, Levy
Court Attorney, free of charge.
(P. O. San Luis Obispo), Calif
Bond Offering—A. E. Mallogh, A certified check for 5% of the
County Clerk, will receive sealed amount of the bid, payable to the
bids until 3 p.m. on April 7, for Levy Court, is required.
the purchase of $88,000 school
FLORIDA
bonds, to bear not exceeding 5 %
interest. Dated July 1, 1947. DeJacksonville, Fla.
nom. $1,000. These bonds are due
Certificate Issuance Pending—
$4,000 from July 1, 1948 to 1969. The City Council is said to have
Principal and interest (J-J) pay¬ endorsed a plan to issue
$15,000,able at the County Treasurer's of¬ 000
certificates of indebtedness for
fice. A certified check for 10%
the, expansion and extension of
of the bonds bid
for, payable to the municipally owned ^electric
the Chairman of the Board of
plgnt. An ordinance is understood
Supervisors, is required.
to have been
ratified, calling for
a public vote on the
proposal on
San Luis Obispo County Sch.Dists.
May 13.
(P. O. San Luis Obispo),
'■
Calif.
Pensacola, Fla.
Bond Election
Bonds Defeated—It is stated by
The following
bonds
the City Manager that at the elec¬
amounting
to
$1,050,000
will be submitted to the voters at tion held on March
25, the voters
the election to be held on
the proposal
May 2: rejected
to
issue
$400,000 San Luis Obispo School $600,000 library and auditorium
;•
\
said
are
at
the machinery for retiring
the bonus bonds through taxes
collected on pari-mutuel wagers
and on cigarettes.
In the past the State has issued
more
than $265,000,000 worth of
bonds for highway, emergency re¬
Warrants Sold—It is stated that
district
Luis
District bonds.
voters
and
anticipation war¬ been met on schedule and of this
rants of 1947 were purchased on total only $96,193,700 remains out¬
March 27 by A. G. Becker & Co., standing.
of Chicago, at 114%, plus a pre¬
Illinois is recognized as one of
Farmers
fered
the
bonus
set up
recent elec¬
a
It is the
only bonus act which provided for
the
Capron, III.
tion
by the Supreme Court.
These
March 8.
Bonds Voted—At
sanitary district bonds.
$5,000 May 1, 1948 tp
sanitary
County payable
Clerk.
on
127
cently by the Harris Trust & Sav¬
ings Bank, of Chicago, and the
White-Phillips Co., of Davenport, *
jointly, as 3s. Interest payable
J-D. Dated March
1, 1947. These
bonds are due Dec. 1, as follows:
$10,000 in 1949, $11,000 in 1950 to
1964, and $50,000 in 1965 and 1966.
Legality approved by Chapman &
Cutler, of Chicago.
4,
inaugu¬
only state where bonus legis¬
was passed by the General
Assembly, signed by the Governor,
approved by the voters on a state¬
wide referendum, and sustained
of
No.
Bonds Sold—An issue of $275,-
the
authorized at the elec¬
were
tion held
the first state to
in
Dist.
March
on
bonds
1967.
61,000
issue
Phillip? Co., of Davenport.
11
'
Due
f
for sale
until
$161,000, not exceeding 3% in¬
$100,000
Purchased—An
was
Community High
District
000 school bonds
Illi¬
lation
'
construction bonds was
purchased recently by the White-
on
Due
Camp School District bonds of¬
bids
terest:
Associa¬
County Sch.
sealed
April 15, for the purchase
of the following bonds amounting
(P' O. Stockton), Calif.
Bond Sale—The $82,000 French
fered
receive
a.m.
made by the Bank of America Na¬
tional
nois
68,
/
ready acceptance
bond buying invest¬
rate a bonus bill for veterans and
Consolidated
County,
(P. O. Grays Lake), III.
with
the
ment houses of the nation.
$130,000
Castle County (P. O.
Wilmington), Del.
Offering — Geo. Gray
Thouron, Clerk of the Levy Court,
Lake
School
meet
among
an
April 30.
on
Illinois
New
ed to John Nuveen &
cago, as 2s, at a
at
Grade School District No.
March 25.
Bond
24—v. 165, p. 1639— were award¬
Co., of Chi¬
price of 100.008,
will
will
bonds
voters
Community
Bonds
March
on
Bethany
DELAWARE
Bernardino), Calif.,
Sale^-The $80,000 school
offered
the
election to be held
L
$90,sanitary sewer system bonds
favorably voted at the elec¬
San Bernardino County, Crest
Forest Sch. Dist. (P. O. San
Bond
system
to
until
that the bonds
It is expected
f
Bonds Voted—An issue of
$245,000
"
water
submitted
be
Hollister), Calif,
received
be
April 29.
Avon, III.
'
will
issue
the
Monday, April 7, 1947
as
IV4S,
>
•
,*
Volume
at
165.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4583
price of 100.11, a basis of
about 1.23%. Dated
May 1, 1947.
Denom. $1,000.
These bonds are
a
due
May 1, in 1948 to 1965, The
highest bidder was Halsey,
next
Stuart &
of
Co., for iy>s, at
101.863.
Baltimore County
KANSAS:
^
.
of $150,000 school
in 1948 to
(P. O. Towson),
1961
Md.
sue
$1,000,-
Dated
Metropolitan District,, 15th is*bonds offered for sale on Apr.
Kansas City, Kan.
$575,-
police and fire station bonds
favorably voted at the elec¬
to
a
165,. p. 1501—were, awarded
syndicate composed of Drexel
held
r
*
Bros,
and
both, of
price
,
the
of
103;.
L7<6%.
This
submitted for
[arch
Bankers Bond
Co.,
Louisville,rjointly, at
1,
basis
a
the
was
the
1947.,
of
a
about
only
issue.
bid
Dated
Interest payable
M-S.
Due March % as follows:
$7,000 in 1945 to. 1953, and $3,000
in 1954.
The bonds are subject to
redemption on any interest due
date after March, 1, 1950, at 103
and accrued interest.,'
v
from
April
fered
for
165,
sale
March
on
1504—were
p.
15—v.
awarded
fto
Almstedt
Bros.,- of Louisville, at
price of 102.525, a net interest
cost of about 1.945%, as follows:
for $90,000 maturing $9,000 from
April 1, 1951 to 1960, as 2s, and
$70,000
maturing
$10,000
from
ipril 1, 1961 to 1967, as 2V2S. In¬
vest payable A-O. Dated April
X 1947.
Denom. $1,000.
a
-
LOUISIANA
Terrebonne Parish (P. O.
;
Houma)% La.
:
.
$375,-
000 drainage bonds was favorably
voted at the election held on April
These
bonds
in
due
are
15
years.
Terrebonne Parish Consolidated
Sch. Dist. No. 1
y
\
(P. O.
Houma), La.
v
Bond Offering—H. L.
uperintendent
Bourgeois,
Schools, will
of
eceive sealed bids until 9:30 p.m.
May
20
750,000
for
school
the
purchase ofbonds authorized
fc the election held
on
April 1.
Sold—It
is
stated
that
ublic
improvement bonds ag¬
gregating $160,000, were purchased
ecently by White, Hattier & Sanrd, of New Orleans, divided as
Hows:
April 1, 1947. Denom; $1,000.. The
next highest bidder was the Union
extension
sewer
as
2V2S.
Due on Jan. 1, in 1948 to 1970.
Inadditiontothesaidcou-
the bonds will bear in-
pon
i
terest to total 4% for the first
X-v../
,
20,000 water extension bonds as
,/.!%«. Due $4,000 on Jan. 1, in
two
./
years.; -:-
.1948 to-1952
nterest payable J-J.
Dated Jan.
,1947.
Uy MAINE
Le wist on, Me..
Note Sale—The City Treasurer
tates that $600,000 tax anticipa¬
•-
tion,
.
joan notes
offered for
were
ale pn
April 1, and were awarded
to the Second- National Bank, of
>ston* at ,0.6X4% discount;; Dated
Apr|i 3, • 1947; Due on Dec. 3,1947.
iner-up in the bidding was W.
Button & Co., offering a dis-
1
ount rate of 0.658%.
outh
Portland
Sewerage District,
Me.
,
Bond
Sale—The $50,000 sewerbonds offered for sale
March 26—v. 165, p. 1640—
ge system
m
awarded to Lyons & Shafto,
were
Of Boston,
00.142,
ated
0G.
om
a
$75,000'
of
loan, notes, offered for sale, on
April 1—v. 165, p>. 1777—were
to
the First; National
Bank of Attleboro, at a discount
of 0.60%, plus a premium of $4.00;
Dated April 2, 1947. These notes
mature Nov. 7, 1947.
rary
in the bidding
was
the First
Bank, of Boston, offer¬
discount rate of 0.62%.
a
Waltham, Mass.
Note Sale—The $300,000 tempo¬
March
27,
awarded
were
Newton-Waltham
Bank
Co., of Waltham, at
0.62%.
noms.
notes
next
a
to
8c
the
discount of
$50,000 and $25,000.
due
on
Oct.
These
Front Park Site
$24,000 maturing
Lake
For
bonds offered for sale
on June 17,
purchased
by Mc¬
Donald-Moore & Co., of Detroit,
as
3y>s, at a price of 100.003, a
1946,
were
basis of about 3.499%. These bonds
described
are
as
Special
$16,450
trict
No.
Dis¬
bonds.
10
Special
12,450
follows:
Assessment
Assessment
Dis¬
trict No,. 9 bonds.
Interest payable J-D.
31, 1947. The
highest bidder was the First
Bank, Boston, at a rate
Muskegon School District, Mich.
Note Offering — H. E. Back-
strom, Secretary of the Board of
Education,
will
receive
sealed
bids until 2 p.m. (CST) on April
of 0.65%.
Watcrtown, Mass
&
to 1966, as 2y4s.
payable M-N.
Township (P. O. Mount
Clemens), Mich.
Bonds Sold—The $28,900 water
Dated March 27, 1947. De-
are
net
Harrison
Trust
National
Note Sale—The $300,000 tempo¬
loan notes offered for sale
April 3, were awarded to the
Merchants National Bank, of Bos¬
rary
on
Note Sale—The $500,000 tempo¬
;
Boston,
at
April 2,
a
2.21%:
$3,000 Nov. 1, 1947 to 1954, as
2s, and $48,000 maturing $4,000 Nov. 1, 1955 to 19b6, as
2y4s. Interest payable M-N.
Nov. 7, 1947. Runner-
rary loan notes offered for sale on
Lynn, Mass.
i
awarded
on
of
1957
bonds.
April 1,
on
in
72,000
\
Dated
up
Runner-up was Salo¬
Hutzler, offering a
price of 100.87 for 1%&,
Bros.
for sale
discount.
Boston.
mon
Attleboro, Mass.
Note Sale—The $200,000 tempo¬
:y.
price of 100.038,
Interest
awarded to the Merchants
was
National
of-
000
$300,000 issue of
loan notes
0.592%
'all incl. Prin. arid int. (A-Q) pay¬
able at the First National
Bank;
of
*
a
cost
$90,000 sewer system bonds. For
$32,000 maturing $4,000 Nov*
r"... 1,
1947 to 1954, as 2s, and'
$58,000 maturing Nov. 1, $4,«
000 in 1955 and 1956, and $5,-
anticipation
1947. Due
,
MASSACHUSETTS
Sale—A
interest
payable at
National iBank,
coupon
were
are
fX -yxi'v;.; /
offered
and
fered for sale on April 1, and were
'awarded' to Whitney,. Weeks &
man, Sachs & Co., Stone & Web¬
ster Securities Corp;,, and Horn*? Stubbs,. of Boston, as iy4s, at a
price of 100.91, a basis of about
blower
&
Weeks, jointly, for
1.07%. Denom; $1,000, Dated Apr,
$125,000 5s, $500,000
1%'s, and
II; 1947. .Due-Apr. 1; $8,000 in 1948
$375,000. t%s, at a price of 100.033;
to, 1952, and $7,000 in 1953; to; 1957*
a net interest cost of about 1.714 %.
for the purchase of $200,000
anticipation notes, not exceed¬
ing 2% interest. Dated April 10,
7,
,
tax
1947.
Denomination and form of
ton,, at a discount of 0.582%. These notes to be at the option of the
loan, notes offered, for sale
motes, are due Nov. 14, 1947.
purchaser.
These notes are due
on April 2; were awarded to> the
Dec. 20, 1947.
Principal and in¬
Security Trust Co., of Lynn, at a
Worcester, Mass.
terest
payable at the bank in
discount of 0.616%.
Dated April
;
Note Sale—An issue of: $500,000 Muskegon
designated
by
the
4, 1947, These notes are due Nov revenue notes was offered for sale
Board of Education. The bids will
12, 1947. The next highest bidder on March 25 and was awarded to
Braintree, Mass.,
be conditioned upon the unquali¬
was the Merchants National
Bank, the State Street Trust Co., of Bos¬
Note
Offering — The
Town
fied opinion of the purchaser's at¬
of Boston,, at 0.625%.
Treasurer will receive sealed bids
ton, at 0.58%
discount.
Dated
torney approving the legality of
March 27, 1947: Due on Nov. 3,
until 11 a.m. on April 7, for the
the notes.
A certified check for
North Attleboro, Mass.
1947.
Payable at the First Na¬ 2% of the
purchase of $300,000 temporary :
Bond Sale—The $180,000 sewer
par value of the notes,
tional Bank of Boston, or at the
loan notes. These notes are due
hopds offered, for sale on April 3; Central Hanover Bank & Trust payable to the Public Schools, is
Nov. 10, 1947.;•
were
awarded to the^BTrst Na¬
required.
Co., Ne^1 York Cfty;" Second4, be%
tional
Bank,
of Attleboro,
as
Bristol County (P. O* Taunton), ;
bid was an offer of 0.587 % dis¬
Muskegon Township, Reeths
1X4 s, at a price of 100.26, a basis
Mass.
■
V-.'f
count, offered jointly by the Sec¬
Sch. Dist. No. 7 (P. O.
of about 1.22%.
Dated April 1,
Note. Sale—The $165,000 tuber¬
ond National Bank of Boston, and
R.R. Na. 3, Becker Road,
1X947. These bonds mature $10,000
culosis hospital maintenance loan
the Boston Safe Deposit & Trust
Muskegon), Mich, v
on April 1: each year from 1948 to
notes offered for sale on April 1—4
Co.
: Bond Offering—Miles Krolczyk,
1965, inclusive.
The next highest
v. 165, p. 1777—were awarded: to
District
Secretary, will receive
bidder was Paine, Webber, Jack¬
MICHIGAN:
Salomon Bros. & Hutzler, of New
sealed bids until 7.30 p.m. on May
son & Curtis; and Robert Hawkins
York, at a discount of 0.65%.:
1, for the purchase of $70,000
& Co., jointly, for l^s, at a price
Alpena, Mich.
Dated April 2, 1947. These notes
of 10L73.
\ Bonds Sold—The Town Clerk building coupon bonds, not ex¬
I',,
/
are due April 2,
1948. The next
Dated May
states that $3,000, water system ceeding 3% interest.
highest bidder was the National j
Peabody, Mass.
bonds: offered on March 28, were 15,
1947.
Denomination $1,000.
1
Shawmut Bank, Boston,, at a rate
Bond Sale—The City Treasurer ;Sold as
3s, at par. Coupon bonds, These bonds are due $14,000 Nov.
of 0.65%.
states, that the following coupon dated
April 1, 1947., Due- $250 15, 1948 to 1952. Rate of interest
bonds aggregating $590,000, were
from April 1, 1948 to 1959, inch to be in multiples of y4 of 1%,
East Bridgewater, Mass.
offered for sale on April 2; and
Principal and interest payable at
'Interest payable A-O;
Bond Sale—The $20,000 coupon were awarded to
Halsey, Stuart &
the National Lumberman's Bank,
water main extension bonds of¬
Co., as iy2s, at a price of 101.095,
Genesee Township Fractional
Muskegon.
Bids shall be condi¬
fered for sale
on
March 24—v. a basis
of about 1.38%:
School District No. 14
tioned upon the unqualified opin¬
165, p. 1640—were awarded to
ion
of the purchaser's attorney
(P. Ot Flint), Mich.
$500,000 electric light loan, 1947
Robert Hawkins & Co., of Boston;
i
Bonds Sold—An issue of $80,000
i
bonds. Due $25,000 from April
approving
the legality of
the
as
iy2s, at a price of 101.02,, a
school bonds offered for sale on bonds. A certified check for 2%
1, 1948 to? 1967, inch
basis of about 1.29%. Dated April
Nov. 26; 1946, were awarded to of the total par value of the bonds,
90,000 water loan, 194Z bonds;
1, 1947. Due $2,000. from April 1,'
*S. >Due$6,00Q: from April 1,1948 the Channer Securities Cot,("Of payable to the Treasurer Board of
1948 to 1957, incl. Interest payable
to, 1962, incl. ■«Chicago, as lVzs, at a price - of Education, is required.
;
A-O. Second best bid was an of¬
100.17, a basis of about 1.44%. In¬
fer of 100.30 for IV2S, made by the Dated? ApriLl* 1947; Prim and: ink
!
Newberry,. Mich..
terest payable, F-A.
(A-O) payable at the National
Day Trust Co. of Boston,
Bond Sale—The $70,000 coupon
Shawmut Bank of Boston. Second
Grand' Traverse County (P. O,
first mortgage water, light and
best bid was- an offer of 100.76 for
Edsthampton, Mass
Traverse City), Mich.
power system revenue bonds of¬
Note Sale—The $50,000 tempo¬ l%s, submitted by Lyons & Shaf¬
Bond Election—The issuance of fered for sale on March 26—v.
rary loan notes offered for sale on to, C. F. Childs & Co., and Trip &
$150,000 county jail bonds will be 165, p. 1367—were awarded to the
March 25, were awarded to the G04. jointly* -V
submitted to the voters at an elec¬ Channer Securities Co., of Chi¬
Day Trust Co., of Boston, at a dis?
tion to be held on April 7.
cago, as 2y4s, at a price of 100.007,
:
Quincyt Mass.
count of 0.556%. These notes are
a
basis of about 2.248%. Dated
Note Sale—The $1,000,000 rev¬
due Nov. 7, 1947. Payable at the
Gratiot Township (P. 0; Detroit)\
Apr. 1, 1947. Due $7,000 from Apr.
anticipation of 1947 notes
Merchants National Bank, Boston. enue
Michk
1, 1952 to 1961, incl. Interest pay¬
The next highest bidder was; the offered for. sale on March 25, were
Bonds Sold—The $24,000 town¬
able A-O. Runner-up in the bid¬
Merchants National Bank, of Bos¬ awarded to the Second National ship hall bonds offered for sale
ding
was
Watling, Lerchen &
Bank
of Boston, at 0.60%. dis¬
on June
ton, at a rate of 0.594%.
17, 1946, were awarded
Hayes, offering 100.007 for $42,000
count., Dated March 26, 1947: Due
to the First of Michigan Corp., of
Note Sale—The $125,000 water,
as 2y2s, and $28,000 as 2y4$.
:
$300,000 -on! Nov. 25, and Dec. 9;
-'yd
W-S;v iy
.vy!*:;.
loan bonds offered for sale on
Detroit, at a price of 100.026, a
and $400,000 on Dec. 23, 1947.
met interest of 1.293%,. as follows:
Owosso, Mich.
April 2—v. 165, p. 1777 — were
Payable at the National Shawmut
awarded to the Day Trust Co.,, of
Bonds Authorized. — The City
$10,000 maturing $5,000 June 1,
Bank of Boston. Second best bid
1947 and 1948, as IV2S, and $14,000 Commission is said to have passed
Boston, as 1^4s, at a price of
was an offer of 0.628%
discount,
maturing June 1, $5,000. in 1949 an ordinance authorizing the is¬
100.319, a basis of about 1.206%.
by the Merchants National Bank and
Dated April 1,1947. Denom. $1,000.
1950, and $4,000 in 1951, as suance of $25,000 water depart¬
of Boston.
:
These bonds are due April 1, as
ment revenue bonds.
1V4 s. Interest payable J-D.
;
rary
■
,
,
,
*
.
due
-
•"
<
.
^
follows: $9,000 from 1948 to. 1952;
inclusive* and $8,000 from 1953 to
1962, inclusive. The next highest
bidder was Paine, Webber, Jack¬
son & Curtis, and Robert Hawkins
& Co.,
jointly, for lXks, at
a
at
a
notes
Note
,
coupon
$238,000:
notes
were
discount
are
•
ing
Sale—The
notes
Note
8, for the purchase of the follow¬
1,. 1956 to 1965. The
ext highest bidder was Coffin &
Note
nue
of
Grosse
$250*000
sold
on
reve¬
March 25*
0.76%.
These
due Nov. 14, 1947.
amounting
to
Somerville, Mass.,
>
Offering—Walter E.
j.
;
Col¬
lins, City Treasurer, will receive
sealed bids until noon on April 9*
for the purchase of $500,000 tem¬
porary
Dated
tions
.
'
price
$1,-'
April
Saususi Mass.
of 100.279.
$5,000
April 1, 1947.. Denom.
are
Note
revenue
was
No bid for less than
that
and
Taunton, Mass.
.
multiples
school loan of 1947 bonds
Securities Corp.,. New York, Gold¬
Greenfield, Mass.
Offering—John E. Kiley*
Town
Treasurer,
will. receive
sealed bids until 5 p.m. on April
l%s, at a price of
basis of about 1.485%.
as
These, bonds
Boston funds
ing
states
or
said bank.
Longmeadow, Mass.
Bond Sale—The Town Treas¬
urer-
about April 10, at the
bank,^against payment in
above
accepted.
as
The notes will be deliv¬
on
jointly, at
,
...
140*000
1987,
ered
and accrued interest will be
par
authenticated
|
Winnsboro, La.
Bonds
to
of V4 of 1%.
be
59;
■
Bonds Voted—An issue of
1;.
1973
Rate of interest to be in
1%S, Interest payable A-O. Dated
Western
Kentucky State Teachers
College (P. O. Bowling Green),
Ky.
Bond
Sale—The $160,000 doritory building revenue bonds of¬
1,
Boston.
Denom..
by the Director of, Accounts, Der
partment of
Corporations
and
Taxation, Commonwealth of Mass¬
achusetts. Delivery will be made
at the
Day Trust Co., Boston,
against payment in Boston funds.
Trust Co., of
on
1960, and $5,000 in
1962,
April 15,, 1947.
will
genuineness and validity by
the First National Bank, of Bos¬
ton, i under
advice
of
Storey,
Thorndike, Palmer & Dodge, of
These notes will be prepared and
certified as to their genuineness
Co., of Philadelphia, Bramhall,
Barbour & Co., of New York,, the
&
Georgia, of Atlanta,
April 1.
Sr...»'•
\
and Mead, Miller & Co., of Baltir
more* at a price of 100.04, a net
KENTUCKY
interest cost of about 1.695%, as
■,>' Hopkinsville,
Ky.
follows:
for
$125,000- maturing
Bond Sale—The issue of $45,000
$25,000 from April 1, 1948 to 1952,
3%,
garbarge ^disposal
revenue as
4s; $500,000 maturing $25,000
bonds offered April 1—v. 165, p.
from April 1, 1953 to 1972, as IV2S,
1777—was
awarded to Almstedt and
$375,000
maturing
$25,000
tion
and
notes
to
as
$1,000. Principal and interest pay¬
able at the Day Trust Co., Boston,
1—v.
Bonds Voted—An issue of
Said
bonds. Due $15,000
April 15, 1948 to 1957,
88,000 water supply bonds.
Due
April 15, as follows:
$6,000
Bond Sale—The issue of
000
was
price
MARYLAND
101.105.
000
a
y;
price
a
at
13/4S,
for
Burr,
(1915)
loan notes, at a discount.
April 10, 1947. Denomina¬
$50,000, $25,000 and $10,000.
These notes are due Nov. 17, 1947.
Bonds
Woods, Mich.
Sold.—An issue of $17,- ;
Points
Special Assessment rolls No.
45-47, improvement bonds offered
for sale on Aug. 6,
1946,, were
awarded to McDonald-Moore &
River Rouge
y
000
Co.,. of Detroit as 13/4S,. at a price
of 100.011, a basis of about 1.745%.
Interest payable F-A.
The following bonds amounting
to
on
$162,000 and offered for sale
Nov. 6, 1946, were awarded to
Braun, Bosworth & Co., Inc., and
Paine, Webber, Jackson & Curtis,
Sch. Disk. (P. O*.
River Rouge), Mich.
r
Notes
Sold—It is
stated by the
District. Sec. that $92,929 tax an¬
ticipation
notes
were
purchaed
recently by the River Rouge Sav¬
ings Bank, at 2%.
Township (P. O. National
Mine),. Mich.
;
Tilden
Bonds Soki—An issue of $70,000
water
sale
to
revenue
on
Dec.
bonds offered for
16,1946, was awarded"
Baker, Simonds & Co., of De-
60
,„troit;
as 3s, at a price of 100.133.
Interest payable A-O. ,
,
,
Township (P. .O, Under-
Maine
.
check
certified
77'7';
wood), Minn.
Bond Offering — T. A.
2%
for
the
of
Davis, bonds bid for; payable to the
receive State Treasurer, is required. 1
-;•' J.i:j£ ft vy ^ '
SJ ^7'•
*•'?• ;• •.'.'A.<;
:
sealed bids until 2 p.m. on April
Monroe County, Hamilton Consoli¬
14 for the purchase of $17,000 not
on
March 24—v.
dated School District (P. O.
165, p. 1640— to exceed 2%% interest road and
Aberdeen), Miss.
- '■
7(7777were purchased by the Ypsilanti bridge ' bonds. Dated April 1,
Savings Bank, the only bidder, at 1947.
Bond Offering — O. H. Owens
Issue was authorized at an
2%, according to the City Clerk.
election on March 11.
Chancery Clerk, will offer for
Ypsilcnli, Mich.
:
Sale—The $25,103 tax anticipation notes offered for sale
will
Township / Clerk,
h
•
Dated April 1, 1947.
Due
Sept.
on
1, 1947.
sale at
Fund
Car.'mona
.
(P. O.
Pres'on),
Minn.
are
•
'
is
It
Terwilliger,
Secretary,
to
due $3,000 Jan. 1, 1949 to 1962.
and
bid
will
plus
interest,
pre¬
mium, cost of printing the bonds
and approving attorney's fees.
'•
bank
•
trust company
or
Olmsted and Dodge Counties,
No. 41
designated
'■.
(P.O. Byron),
B7:
Minn.
B
the
t
Bond
Election
An
issue, of
approving
legal opinion of Dorsey, Colman, $104,000 construction bonds will
be submitted to the voters at the
Barker, Scott & Barber, of Minne¬
election to be held on April 7.
apolis. A certified check for $840,
payable to the Town Treasurer, is
MISSISSIPPI
7 required.
the
by
Town
•
successful
will
bidder.
The
,■
i:
Booneville, Miss.
Bond Legality Approved
issue
k
the
purchase
of
April 22, for
$275,000.
Denom.
interest.
to
are
name
Principal
payable at
some
2Vfe%
hospital
as to
approved
in
An issue of
$60,000 2Vi% indus¬
plant bonds is being offered
by Weil & Arnold, of New Or¬
leans,
for
general subscription.
Denom. $500. Dated Jan. 1, 1947.
Due on Jan. 1, in 1948 to 1967;
bonds maturing in 1958 to 1967
being callable in inverse order
on
and after Jan. 1, 1957, at par
interest
bank in St. Paul
Minneapolis as designated by
purchaser. The City will furn¬
approving opinion of Dor¬
sey, Colman, Barker, Scott & Bar¬
ber, of Minneapolis, and of Harold
W. Moody, of St. Paul, without
cost to the purchaser and
delivery
or
the
ish the
accrued
and
interest.- Prin.
and
Nth 2 (P. a.
Sold
-Bonds
—
The
Jones
$25,000
1
water
bonds.
works
Cady
revenue
1,
follows:
$2,500 in 1948, and
$4,000 in 1949 to 1955, incl.
as
Hennepin County InJep. Sch. Dist.
7/ >No. 17 (P. O. Edina), Minn.
Bond Offering—C. S.
Hoyt, Dis¬
trict
Clerk, will receive sealed
bids until 7:30 p.m. on April 9 for
the purchase of $1,250,000
coupon
! building
bonds.
Dated
April i;
.,1947,
Denom. $1,000.;/Due April
;.
1, as follows:.$40,000 from 1950 to
{1954 incl.; $45,000 from
1959
1964
1969
•*
::
to 1972 incl. Bonds
able
on
to
incl.; $50,000 from 1960 to
incl.; $55,000 from 1965 to
incl., and $100,000 from 1970
maturing April
7 1, 1970 and thereafter to
•
1955
at
par
and
accrued
be call-
interest
April 1, 1962, or on any subse¬
interest date.
Bidder to
quent
Bond
Offering—A. D. Richard¬
son, Chancery Clerk, is offering
for sale at public auction on April
7,
issue
an
of
$150,000
bonds. Denomination
Oct. 1, 1946.
hospital
$1,000. Dated
Due in 25
years.
Mississippi (State of)
.
Bond Offering—Greek L.
Rice,
Secretary of the State Bond Com¬
mission, will receive sealed; bids
until
10
a.m.
purchase
of
on April
17, for the
$5,000,000 thirteenth
series, highway revenue,
coupon
bonds, not exceeding 4% interest.
Dated Feb. 1,1947. Denom. $1,000.
These bonds
are
due
$50,000 Feb.
arid
Aug. 1, 1962, $50,000 Feb. and
$25,000 Aug. 1, 1963, $25,000 Feb.
and $325,000 Aug. 1,
1964, $325,000
Feb.
and
multiples of 1/10 or y4 of 1%.
Principal and interest payable at
]a bank or trust company desig¬
Aug. 1, 1965, $350,000
Feb. 1 and Aug. 1, 1966, $375,000
Feb. and Aug.
1, 1967, $375,000
Feb. and $400,000 Aug. 1, 1968,
and $400,000 Feb. and Aug. 1; 1969
nated by the successful bidder. A
and
name
--
-
•
rate
certified
or
rates
check
for
of interest
$15,000,
in
pay-
able to order of the District Treas¬
urer,
is
required.
-
District: will
\ furnish
printed
and
executed
bonds, also legal opinion of Dorsey, Colman, Barker, Scott & Bar(
.
,
?
aber, of Minneapolis, at
the successful bidder.
no
(77
cost to
^
1
payable
fered
nois
at
the
National
Continental
Bank
&
Trust
Illi¬
Co.*
Chicago, or the Chemical Bank &
Co.,, New York City., The
approving opinion of Chapman &
Cutler;
of, Chicago,
that
such
Trust
bonds
are
yahd and legallyybindT
for
srle
March
on
reve¬
25—v.
165, p; 1641—were awarded to the
1947.
25,
1947.
Payable
Sept. 25,
the bidding
Manchester
National
on
Runner-up in
was- -the
'
rate of 0.73%.
a
loan
rary
notes
March
on
offered
27—v.
awarded
were
&
Young
0.655%-
Mo.
will
Phelps County (P. O. Rolta), Mo.
Bond
Sale—An
000
hospital
sale
on
issue
of
$400,offered for
bonds
March
28, were awarded
to a syndicate composed of Paine,
Webber, Jackson & Curtis, of Chi¬
cago, G. H. Walker & Co., and the
Soden-Zahner
Co., both of St.
price of 100.067, a net
interest cost of about 1.66%, as
follows: for $192,000 bonds ma¬
turing on Feb. 1; $36,000 in 1952,
$26,000 in 1953 to 1958, as 1 Vis's,
and
$208,000
maturing
$26,000
Feb. 1, 1959 to 1966, as l%s.
In¬
terest payable F-A.
Dated May
.1, 1947, Legality approved by
Stinson, Mag, Thomson, McEvers
& Fizzell, of Kansas City.1 The
next
highest bidder was Stern
Louis, at
a
Bros. & Co., Barret, Fitch & Co.,
and Blewer, Heitner
& Glynn,
jointly, for $400,000
price of 101.03. ' ;*
l3/4s,
at
a
Bond, Election—The
$40,000
sewer
on
bonds.
of the
Departl
and
Financel
of
Revenue
sealed
receive
bids
until
|
April 18, for the purcht
of $42,000 series 3, jetty, coupojl
or
registered bonds, to bear no|
exceeding 6% interest. Dated Ma;
1, 1947.
Denom. $1,000.
Thes
bonds are due $3,000 from May
1]
p.m. on
1948
1961.
to
Rate
of
t<|
Print
interest
in multiples of % of 1%.
ne
cipal and interest
(M-N) payable
at the Beach Haven National
Banll
Trust
Co., Beach Haven.
Th»f
legality of the bonds will be' apt
proved
by Caldwell,, Marshall]
Co.,
for
sale
165,
p. 1641—
Lincoln
R.
to
of
discount.
Hartford,
Dated
at
without charge.
for
Bank,
of
Boston,
offering
offered, payable to the Bor
ough, is required.
I
Newark, N. J.
Survey Issued —
Financial
State Bank of Newark is
ies
Cify Council took steps
implement its $6,317,000 refunding plan by appoint¬
ing B, J. Van Ingen Co. of New
the
Asbury
"Press" of March 30.
The
bonds for
$6,213,000 in
1941
a
refunding bonds which pay
higher rate of interest and that
it will
bea,r 3IJ costs involved
tne transaction,
to
•
m
-j.
Unanimous approval was given
a contract .with the Van Ings9i
and
at the same time,:
the New York firm of Wainwright ,j
company
Ramsey and Lancaster was named;
as the city's agent in the refund¬
ing.
Application was to have
been made to the State Funding
Commission
on
March 31 for ap¬
future.
neac
year in
$478,003
over the 25-year life of the bonds.
The new bonds will pay 2%%
interest, as against the 3-%% rate
bonds
the
on
changed.
to
be
and
called
ex¬
When the present bonds
in a $10,230,000 re¬
in 1941, 4% bonds were
issued
were
funding
retired.
Under
•
the/contract authorized,
the Van Ingen company
all
or
expenses
will meet
the ex¬
involved in
change, including advertising,
printing of
cation of
a
new
bonds and publi¬
the
circular to promote
exchange among bondholders.
islative
The
difference
will
State
that
a
rec
following
April 22:
V
-
75,000 City Hall and Fire Departio; ment Building bonds;: '4
I
Legisla
referen¬
be held at next November'
dum
general election on a proposec I
$100,000,000 bond issue; to finance
payment of a bonus to veteran]
of the recent
The commis¬
war.
sion suggested that the
ture in not
and be
bonds1 ma-1
than ten year
more
subject to call after eigh
'
7
BBi'H 77,
years.
Paterson,
Bond
Sale
7.06 "J
N.
The
$310,000 re¬
funding of 1947 bonds offered fo,
on
were
—
March 27—v. 165, p. 1501
awarded to Braun, Bosf
& Co., Inc., and Charles
Clark & Co., of New York,
l%s,
as
basis
at
a
price
about
of
payable
M-S.
jointly
100.07,
of
1.37%.
Dated
Interei
March
1
Denom.
1947.
$1,000. These bond
are due March 1,
$30,000 in 1956
and $40,000 in 1957 to 1963.
/
group
composed
of
Goldman
Sachs & Co., Estabrook & Co.i anc
Coffin & Burr, offered a price o=
100.207 for 310,000 as 1.65s, whih
a
bid of
tered
100.18 for 1.65s,:was en.
by Kean, Taylor:& C0.]-aft(
the Mercantile-Commerce Bank &
Trust
Co.,
jointly.
city estimates $158,000 will
premi¬
1941 bonds to be picked
that
bipartisan leg
ture on .March 31
of
St.
MEXICO^rC
New Mexico
be
Louis,^biddihi
*
NEW
on
and
up
Issue]
Bond
commission
the
to
h ('•
(State of)
Vet
interim
ommended
be needed to pay the call
ums
"''
'
Recommended—A
worth
about $30,000 a
re
B
$100,000,000
will
requirements
'
New Jersey
sale
save
1
;
proval of the proposed refunding
plan, which council has announced
debt
Timeliness of the sur,
is emphasized in recent
ports that Newark; may enter the I
long-term capital" market in th«j
news¬
article states that the above
firm expects to effect an exchange
new
detailed
a
incl.
1946
vey
Park
paper
of the
currentljl
request cop
on
history of th<|
operations of the cifc
during the period ftpm 1920 ttl
York sis, broker in the transaction,
to
y,
financial
March 29 to
according
of
.
Th«|
National
bond department of the
making available
'
Asbury Park, N. J.,
City Approves J£ond Refunding
on
A certified checl
of th<|
of the par value
March
discount rate of 0.719%.
Plan—The
2%
bonds
Counties
(State of)
!
Empowered! to : Idsw
covered in the amount of the new
Bonds
issue.,
approved 'a^measurr
authorizing counties/either singb
or
jointly, to acquire and triain;
tain hospitals, including isolatioi
Mabry
The proposed new issue
include $4,633,000 of serial
and
woulc
bonds
$1,738,000 of term bonds.
The next call date for outstand¬
for
HospitaIs;-d- GovOkmo
has
Wbtds.
sored in the New Mexico
Legisla¬
expected the pending transaction
bonds amounting to $115,000 will
be submitted to the voters at the
election to be held
7
Charles
—
Director
ing city bonds would be May 1
but
council members said
they
Union, Mo.
-
•.
Haven, N. J.
Rockingham County (P. O*
' Trimble & Mitchell, ,oi; New Yori]
Exeter), N. H.
City,. whose approving opinion
Note Sale—The $150,000 tempo¬ will be furnished to the
purchase!
NEW JERSEY
Principal and interest
at the State Treasurer's
or
$7
MISSOURI
Barton County (P. O. Lamar),
Bond Offering—Sealed bids
1970.
office
,
ariticipaiion of 1947 notes of¬
.
in 1963 to 1S67.
Miss.
Jan.
on
ment
Manchester, Ni H.'
Sole—^The $500,000
01
Offering
7
Note
•v*
.
Due
Bond
Cramer,
NEW HAMPSHIRE 7
nue
.7/7.7:!
Beach
elec¬
April 16.
on
bj
subject; to ball
are
ished notice.
the
at
All
outstanding bonds affected
$1,-
'
.
1947.
voters
o|
firm
broker.
own
.
7
tional
•
Dated April 1,
the
to
tion to be held
a
.
'
Billings),
1947. Due on Dec. 19, 1947.
Runner-up was the Second Na¬
Interest payable J-D.
officially
\yeret
June 1, 1947, or on any interes
date thereafter, on 30 days' pub|
28,
'
25,000 water works bonds.
~
the
the" offer
162,000 school bonds will be sub¬
mitted
following
Co., of Jackson, and
to 6330,
on
i;he creditor's
;
Bond Election—An issue of
amounting
& Co., of Columbus, jointly, as 4s:
1972 incl
the aforementioned
j'rom
These bonds
Mont.
Tishomingo, Miss.
,
,
■
the
April 7;
Yellowstone County Sch. Dist.
•
,<u
on.
Bank, offering
*
int. (J-J) payable at the Peoples
Bank, Durant. Legal approval by be received until 1 p.m. on
will be made within 40
days after Charles & Trauernicht, Vol St. 14* by Joe Ihm, County Treasurer,
acceptance of bid, or at purchaser!? Louis, Mo. <.
for the purchase of $100,000 1%%
option
thereafter.
A
certified
hospital bonds. Denomination $1,Jackson County, Hurley Console
check for $5,500, payable. to the
000. Dated April 1, 1947. Due on
dated School District (P. O.
City Treasurer, is required./
Feb. 1; $5,000 in
1948 to 1956,
Pascagoula), Miss.
$15,000 in 1957 to 1959, and $10,Bond Offering — Fred
7;7;7 77*'77: Dassel, Minn. 77777 ■
Taylor, 000 in 1960. Principal and inter¬
;'
Bonds Offered—Wm. Kumpula; Clerk of the Board of Super¬
est
(F-A) payable at the First
I
;Town Clerk, deceived sealed bids visors, will receive sealed bids
National Bank, Kansas City. The
until 8 p.m. on April 4, for the until 11 a.m. on April 8, for the
approving
opinion
of
Stinson
purchase of $30,000 general obli- purchase of $12,000 school bonds.
; gation bonds, at not exceeding 2% Dated April 1,1947. Denomination Mag, Thomson, McEvers & Fizzell, of Kansas City, will be furinterest. Dated July 1, 1947. These $1000.
The bonds are due April
nisj>ed. n These; b,ond§»were- voted
bonds dfe due $3,000 from'ifan.
1, 1, as. follows:..$1,000 in 1948 to at an
election,or> March 14.
: 1948 to£{957;
f
r<\
*«T
1955, and $2,000 in 1956 and 1957.
'r :',X
000. certified check must accom4
i
&.
%
Principal and interest payable at
pany the bid.
*
•
1
;
"
Fagfa Lak". Minn.
the ,/ County
Treasurer's
office;
:* Bond
Election—The issuance of The
approving opinion of Charles
Marshfield, Mo.
-$19,000 water worxs system bonds &
Trauernicht, of St. Louis, will
"will be submitted to the voters at
Bonds, Sold — It is stated that
be
furnished.
Delivery of the
: f.n election to be held on
April 8t bonds bill be made to purchaser $80,000 sewerage system bonds
w ere
purchased
recently
by
on or before May
1, in Pascagoula,
'.
V
Gocdhue, Minn.
George K. Baum & Co., of Kansas
without cost to the purchaser. A
v
Bonds Offered — Sealed bids
City, as 2%s, at a price of 101.00,
certified check for $300, payable
;were
received until April 4, by
a
basis of about 2.65%.
Dated
to the Board of
Supervisors, is re¬
the Town Clerk, for the purchase
April 1, 1947. Due on Feb. 1, as
quired.
of $30,500 refunding bonds. De¬
follows: $3,000 in 1951 to 1959;
nominations $1,000, one for $500. Leake
County (P. O. Carthage), $6,000 in I960 to 1962, and $7,000
.
voters at
held
for 2V4S.
77
Dated Feb. 1, 1947.
trial
to the
be
to
fol¬
the
Walton-Hamp
to
be submitted
election
Denomination $1,000.
are due in 20 years.
by
to $50,000 and
Durant, Miss.
7777L 77 offered for $ale on April 1, were
Bonds Offered for Investment— awarded
to
the
the rate of
and
been
advised
sealed
Second National Bank, of Boston,
at 0.64% discount.
Dated March
bonds
1958, and $150,000 in 1959 to 1962.
Bidders
$50,000
of St. Louis.
Dated May 1, 1947.
$1,000. These bonds- are
due May 1, as follows: $15,000
1948 to 1953, $25,000 in 1954
have
An
legality by Charles & Trauernicht,
sewer
bonds.
coupon
of
bonds
City Manager, will receive sealed
bids until 8 p.m. on
—
stated
that
Clerk
Town
receive
will
is
It
will
aggregating $110,000, offered for sale on April 1—
v.
165, p. 1778—were awarded to
the First National Bank, of Mem¬
phis, as 2V4S, at a price of 100.554:
$95,000 street, improvement, and
$15,000 sewer extention bonds.
Runner-up in the bidding was the
J. S. Love Co., offering 100.550
.
Columbia Height s,Minn.
Bond Offering—J. Theo. Olsson,
—
Mehl,
1941
1,
Dec.
—
lowing-bonds
—
furnish the
Sale
Bond
3521
Nos.
Offering—Oscar I.
Clerk,
Shelby, Miss.
Joint Consolidated Sch. Dist.
dated
due Dec. 1 from 1963 to
April 3 that they ma]
bids until 8 p.m. on April 9 for exchange them for new refunding
oonds, to be dated Dec. 1, 194t
the purchase Of $30,000 sewerage
The city has authorized B. J. Va
system revenue bonds. •
ngen & Co., Inc., together wit
Townsend, Mont.
'
certain associates,
to make thl
Bond' Election
An
issue
of exchange offer through April 11
$45,000 sewer System bonds will on terms which may be obtained
Tov/n
able to the
Rate of interest to be in
multiple
of V\ of 1%.
Principal and interest
payable
at 'j any
suitable
Bond
Monday, April 7(194!
bonds,
enue
Dutton, Mont.
certified check for 2%
value of the bonds pay¬
Board of Supervisors,
post a
of the par
aggregating $1,172,000, offered on
March 31—v. 165, p. 1777—were
sold
to
various
purchasers,, at
widely differing prices, dependr
ing upon the lot secured.
The bonds
$1,000.
—
that the 34
lots of State and municipal bonds
Bond Offering — Elvyn Cum¬
Town Clerk, will receive
sealed bids until 1 p.m. on April
-18, for the purchase of $42,000 road
and bridge bonds.
Dated April 1,
Denom.
Norman
by
Executive
min gs,
1947.
stated
Minn.
Sold
Bonds
public auction until 2 p.m.
ori
April 8, an issue of $30,000
school bonds. Dated April 1, 1947.
Denomination $500. These bonds
are due $1,500 from April 1, 1948
to 1967. Bidders will be required
Retirement
Association,
Portfolio
j.;.
.
Teachers'
Minneapolis
MINNESOTA
MONTANA
State.- A
the
obligations of
ing
•
■
.
Note
,
•
THE COMMERCIAL & FINANCIAL CHRONICLE
(1916)
ture by Senator Leonard
C.
to be completed
of
Exchange
before that time
Offer
—
Holders
of
$3,403,000 3V2% refunding general
Under the
bill, which '-Was s$on
Ginri
Alburquerque,
counties
art
authorized
to
acquire land fo?
hospitals and isolation wards, is
sue
bonds for the construction
0:
pui-tfiaSe and equipping of the in;
IRatibhs; and establish regula
'ltio^T6r operation, f
^
|
March
NEW YORK
,
■
-
.
'
l
"
•"*
K '
*•',,*
„
r
;
l(i<
^
"
Baldwinsvilie, N. Y.'A:
Bond Offering—John R. Miller,
will receive
(EST) on
Treasurer,
illage
ealed bids until'3 p.m.
pril 15, for the purchase of $40,water ; coupon or registered
nds, not exceeding 5% interest,
ated
April v 1,; 1947. * Denom.1,000.- These bonds are due $5,00 Oct. 1, 1948 to 1955. Rate of
nterest to be in multiple of V* or
/10th of 1%. Principal and interst payable at the First Trust &
eposit Co., Syracuse. The bonds
ill be delivered at New York,
00
Y., or at such other place as
y be agreed with the purchaser
.
bout
April
inion
approving
The
29.
of
Vandewater, Sykes &
eckler, oi. New York City, will
furnished
the
purchaser
A certified check
$800, payable to, the Village,
e
to
ithout charge.
or
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4583 3:1/
165
olume
.
165, p.. 1641—were
jointly to R. H. Johnson
Co., and Herbert J. Sims & Co.,
both of New York, as 1.10s, at a
price of 100.1109, a basis of about
1.075%.
Dated April 1, 1947. Due
from April 1, 1948 to 1961, incl.
Interest payable A-O. Second best
Bond
ruck
one
bid
was
offer
an
100.0857
of
tirement
000.000
Both
Sale—The
airport
registered
fered for sale
bonds
o*the
Manufacturers
rust Co.,
00.448,
a
awarded
Traders
&
of Buffalo, as l%s, at
basis of about 1.71%:'
series
March 26—v. 165,
on
3$ $1,000 annually.
B
of
1947
bonds,
annually. ;f//37's
$1,000
due
lYw*"■"/- Dryden, N. Y.
•
',//
Price, Paid—The Village Clerk
ow states that the $35,000 village
all and fire station bonds sold to
he First National' Bank of Dry*
*en, as noted here—V. 165, p. 1641
/ere purchased
by.: the .said
ank as l1^ s, at par. 1 Due from
>t. % 1947 to 1966/; incl. ; /.
Paying
Agent
Trust
urers
Co.,
that
nnounces
—
-
The
of
it
Manufac-
New
has
York,
been
'nted ^paying^agertt
ap-
' for-'; thb
bove bonds.'
y,n;
HempateaJ,: Elmont FireDist,..
>
■)T?l(P. O. Elmont), N. Y, !
Bond Sale—The $30,000. coupon
registered fire apparatus bonds
r
ffered for
sale
on
March
28—v.
65, p. 1641—were awarded to Tiley & Co., of New York, as Wis,
a price
of 100.058, a basis of
bout 1.24%. Dated April 1,1947.
t
No. 30 (P. O. Valley Stream),
'•'/y N. Y. y,*; <•//
Bond Offering—Sealed bids will
received until 2 p. m,
e
n
April
8,
(EST),
by
Joseph Huelster,
r./District Clerk, for the: purhase of $46,500 -coupon or reg¬
istered school site bonds. Interest
ate is not to exceed 5%, payable
-rO.'rDenom. $1,000, one for $500.
ated April 15, 1947. Due on
15,
April
follows: $3,500 in 1948; $4,00, .1949 ^hd 1950, and $5,1)00 in
1951 to. 1957s- Principal and inter¬
M-S.
est payable at the Valley Stream
ational Bank & Trust Co.
Runner-up was Herbert J.
Co.; offering a price of
1/lOfh of 1%, and must be the
me for all of the bonds. The
ap-
r
roving opinion of Vandewater,
ykes & Heckler, of New York
ity, will be furnished
chaser
eck
without
cost.
to the pur¬
A
certified
form
$930, payable to the
istrict, must accompany the bid.
Kingston, N. Y.
vi
Bond
for
1.20s.
■?!
Co.," of
Utica,
has
chaser
an*
offered
165,*
for
sale
on
Sons,i
price
of New York
Next best bid
valuation
in
to
order
William
istics
f^/''
aggregating
sale
Y
r
York
Salamanca
Bond
fi¬
at
to
manca
—
-
:
National
Bank
lk
Taxes—Governor Thomas E.
Dewey
has
signed
the
Senate
Rules Committee bill (S. Int. 249.9,
Print No. 2848) as Chapter 278,
of the Laws of
counties
1947, empowering
New York City
outside
and Cities over 100,000
to
impose
named
a
taxes
choice
for
population
certain
of
education
and
general fund purposes, .and em¬
powering the City of New York to
impose certain additional named
taxes for general fund purposes.
legisla¬
,
,
bonds,
of
•
which
.
$7,000
/
-are
.
13/4s, due
on Jan. 1, 1950; the
remaining v$218,000 are lJAs,
"
/. due from Jan. 1, 1951 to 1965,
/•■
inclusive; /•'/ *7- :■//■ *'Yvy-' > •'•'/ ■ ■
.
.
Bank
of
to the
or
about
check
Thomasville,
;
Bond
Offering
The
city concluded the' calendar
1940 with an operating sur¬
plus of $423,624.27. Transfers from
excess tax reserves amounting to
$476,102.84 brought the gross sur-
—-
N.
C.
W.- E.
for the purchase of the
'
Easter-
following
7
$195,000 water arid
sewer bonds.
$6,000 in 1950 to 1953,
$8,000 in 1954 to 1957,. $9,-,,
000 in
1958, and $3 0,000 in
A
Operations—
at
coupon bonds totaling $400,000, to
bear'not exceeding 6% interest:.
Due
"
1959
On; 1946
•».
lingj/Secretary of the Local Govr /
ernment
Commission, will receive sealed bids .at his office ih / /
Raleigh, urtlil il a.m. -on April 8, -"/-.
Yonkefs, N. .Y/Y/YY Reports
of, Concord,
Bank,
0.88%.
for
$96,520, payable to the C.6unty, is required, y
Sal¬
May X4. "and
purchaser, without cost.
certified
h
National
fice, The bonds will be valid and
The bonds will be deliv¬
the .Successful - bidder .at
ori*
•
,
the Commissioner of Finance's of¬
1/10th,of 1%.
or
National
Z
'
year
1951
1957
•
v
;
to
1971.7
to
•
1950
bonds.1- Duo
station
in
7 $1,000
/
/
1967.
30,000 •/fire
"
and $5,000 iri
1956,
to
i/
J
••/./■:
Y
75,000 street improvement bonds.
Due $2,000 in 1950, $3,000 iri
-
e
to
1999,
and
./
•
-
^
7 $2,000 in 1960 to 1969y^/,/Y^S/
pIbs7fdl^•:th'6,'•y^/16'•,J$899,727.Tl|,
from which
.
ferred
to
"
reserves,
.
•
$36.41,
-Due
bonds.
$27,500 Sept. 1,
March 1, 1948
and 1949j and $36,000 March
/;• 1, 1950.
383,000 series B, issue of 1947.
'
•
i
:
1947,
resenting
$30,000
bonds.
Due
March
1,
as
a
rep¬
Sept.
as
I,/1947,
from
report on the city's oper¬
record during'the recent
copies of which may be ob¬
tained upon'application to Thomas
V. Kennedy, City Comptroller;"
Shrub
Oak-Mohegan
(P. O, York*-'
Heights),Hf.JYi
Y
Water District
town
1948;
$110,000,
March
1,41949;
$111,000, March 1, 1950; $75,000,
March 1, 1951; and $70,000 March
1, 1952.
Rate of interest to be in
multiples of .% or 1/10 of 1%.
Principal and interest (M-S) pay¬
ing, Town Supervisor, will receive
sealed bids until 11 a.m. (EST) on
April 15, for the purchase of $70,000 water supply system coupon
or registered bonds, not exceeding
5% interest.
Dated May 1, 1947.
able at the City Treasurer's office.
The bonds will be delivered at the
office of the successful bidder or
Denom.
at the
of
Hawkins, Del-
proving opinion of- Hawkins, Delafield & Wood, will be furnished
without cost to the purchaser.
A
certified- check
for
2%
of
bid,
payable to the City, is required.
:C:
OHIO
Brookville, Ohio
i
Bond
be
Yorktown
,
Bond Offering-—John H. Down¬
option of the successful bid¬
State Treas-.
is required. ./7v/ ZYy-* !/*•,<.7,/
a
1,
afield & Wood, of New York City,
on or about
May 1, 1947. The ap¬
urer,
year,
follows: $27,500 on
der at the office of
A certified check for $8,-
000, payable to the
ating
fol¬
$113,000, March
choice.
decrease of $1.66 be¬
low the rate for the previous year.
The foregoing information is taken
lows: $83,000 in 1948, $80,000 in
will mature
tain
f"
April 14, 1947.
Denom.
Rate of interest to be in
multiples of W or l/10th of 1%.
Principal and interest payable at
-
Counties and
>
^
;
...
of)
Authorizing
Cities to Levy Cer¬
sewer bonds, of
$5,000 are l%s, due
Jan. 1, 1950; the remain-'
ing $65,000 are lJAs, due fFom;
-/Jan. 1 / 1951- ?to • 1959, - ihclu-
,
1,900,000 series A,: park'of 1947;
bonds. Due April 15, as fol-i
•
(State
*
:Y/;:sive.////:■ ?/■' / -v/:/.,/■;".
215,000 - street ^improvement!/ y
Dated
were
York
on
sanitary
on
lows: $360,000 in 1948 to 1952,.
of
awarded to ; 4 /1949, $75,000 in 1950 and 1951,
;
and $70,000 in 1952.
Manufacturers Trust Co., of
New York, as follows: $1,000,000
Dated March, 1, 1947.
Denoms.
at 0.82%, and $1,000,000 at 0.83%.
$1,000, one for $500. All the bonds
New
1.495%,
follows: /
as
10,000
park - and * playground
$700,063.86 was trans¬
bonds. • Due $3,000 in 1950 td
leaving a net
A certified" ceck for $140, payable
1954, $4,000 in 1955, to ; 1959, : ,
surplus of $199,663.25 for the year.
to the Town, is required. ;// and $5,000 in 1960 to 1972/
/ "
The city underestimated receipts
Dated April 1, 1947.
Denomi-' '
for the year to the extent of $611,Troy,N, ■ Y,:;
/ .zY/Y.
These bonds are,
836.20, income having amounted nation'$1,000.
Bond
Offering — Edward
J. to
general obligations. /Bidders to
$15,247,982.61 - as
contrasted
name the rate or rates of interest;
Ronan, City Comptroller, will re¬ with the estimate of
$14,636,146.41.
ceive sealed, bids until 2 p.m. on
in multiples of V4 of 1%; Princi¬
The city made a further substan¬
April 10, for the purchase of the tial
reduction in its bonded debt, pal and interest payable in New7 ''
York City.- The approving opin¬
following street improvement and retirements in the amount of
$2,equipment, coupon or registered
ion of Reed, Hoyt & Washburn, of
411,750,
having
lowered
the
bonds amounting to $506,500, to
New York City, will be furnished
amount outstanding to $20,822,200.
bear not exceeding 4% interest:
the purchaser.
Delivery will be:
The tax rate per $1,000 of assessed
made
at
place
of. purchaser's
$123,500 series A, issue of 1947 valuation iri 1946 was
Loan
Governor Signs Bill
about
-
*
:
Due
// and $10,000 in 1953/to. 1962.
furnished to the successful bidder.'
.
time,
same
*
-
:
Lewis Ford,
legally binding
general obligations of the Town.
The approving opinion of'James
S. 'Pierce, of Franklinville, as to
the validity of the' bonds will be
Co., all of New York, at a rate of
plus a total- premium of
$75.95.
the
1642
p.
which
•
$1,000/
will be valid and
and Brown Brothers Harriman &
the
or
,1 April 15,* asfollows.Y $154,000
; in Jim to 1951, and: $122,000'
v
M in 1952.
4"
y y!
the
the First National Bank of -Sala¬
$12,338,-
Temporary
First
ered
Co., National City
$100,000
First
amanca..
^ri-
(Issue XXIV), offered at the
same
time, was awarded to the
Rye National Bank, of Rye, at
0.81%, plus a premium of $1.00. >
The $2,000,000 Temporary Loan
Notes
(Issue XXIV), offered ;at
$70,000
registered
amountingto $4,826,000,
not exceeding .4% interest:
J
coupon
of
cost
the bonds divided
bonds
Principal and interest payable at
Bank, Guaranty Trust Co., all of
The
fpllowing
York
Offering.
the
the
received
Note
interest
April 10, for the purchase of the
on
O. Salamanca),,
(P.
multiplies
Temporary Loan Notes (Issue
XXIV), were awarded by the
above Authority on March 27 to a
syndicate composed of the Chemi¬
Y
165,
to a syndicate/
First Securities.
of the
of
Duiham,
Campbell,;
Phelps & Co., of New York, and
C. F/Cassell & Co., of Charlottesville, at a price of 100.057, a net
Salamanca, until 2 p.m. on April general obligations of the County
The bonds will be delivered at the
15; for the purchase of $7,000 sewSignature Co., 25 South William
er^coupon or registered bonds, not
exceeding 4 %
interest/ Dated Street, New York City, on April
23.
The approving
opinioh* of
April 15/1947. Denom. $350. These
bonds are due $350 April 15, 1948 Hawkins, Delafield & Wood, of
to 1967. Rate of interest to be in New York City, will be furnished
City Housing Authority
Trust
Offering — John T. Con-;
Commissioner of: Finance,)
1.60s,
Town Supervisor, has announced
that he will receive sealed bids
000
cal Bank
y
will receive sealed bids until noon
present
New
11/-Z //1Z)fj''}-
Notes SOld—A total of
\
.
Bond
nell,
4
regarding the probable
aggregate ;o£ .real estate assess-*
ments.Y To the basic realty rate
provision must be made.for assess-
New
awarded
•were
composed
<
him
boroughs.:
bonds
offered for* /
$285,000,
March 25—v.
on
Corp.,
,
that this level had been based on
ous
C.
coupon
,
.
trients for improvements in
Sale—The
.
O'Dwyer's
information
Concord, N.
•
'
projected billion dollar bqdget..To
by
of
certified
NORTH CAROLINA
Bond
Y
York Authority, ilf. Y. $738,000 park of 1947 bonds.
the
of
" /
County (P. O.
Y White Plains), N: F." '
Trust
Marine
A
for,$1,400, payable to the'
outstanding
.2,000,000 series..B4 park of 1947
Dated Jan. 1, 1947. interest pay- v
eighth series,, which were sold in
bonds. Due April 15, as fol- able
J-J., Runner-up in the bidr
August, 1944., The call feature, in¬
lows: $355,000 in 1948, and
ding was C. F. Childs & Co., ofr
terest rate, and maturity will be
.1949, and $430,000 in ;j950/to feririg a price of 100.106 for $48,r
identical.v Proceeds from these,
1952.
'
■'.fti '■
000 as is, $159,000 as IV2S, and
bonds will provide a 179th Street
,36,000 buildihg ; installation of $78,000 as
Tunnel approach to the George
"/y-/
1947 bonds. Due $9,000 April
Washington Bridge, parallel to the
'
15, 1948 to 1951/
;
Tarboro, Af. C. •;./
/i.,-/
178th Street approach, and will
152,000' airport improvement of
Notes Sold—It is reported that
also provide a Lincoln Tunnel ap¬
/ ' 1947 bonds, Due $38,000 April $16,000 revenue notes were pur/ '
proach to the Union Bus Terminal.
'.
15, 1948 to 1951.
chased recently by the Concord
supplement revenues.* from r^al
estate taxes, the city'also plans to
levy a use tax Of $5 on passenger
cars and $10 on trucks owned by
residents of the metropolis.
Mr.
O'Dwyer earlier had forecast a tax
rate of $2.95, but explained later
erroneous
100.356 for
the
City/V
^Westchester
C
eight1
series, general and refunding 2%
bonds, having all the character¬
rate for the 1947-1948 fiscal year
Mayor
by
instalment
second
y\+> '*•
nance
offer of
cost.
Town, is required.
on
1778—rwere
p.
without
check
behalf of the City, bids un4
til noon (EST), on April 9, for
the purchase of $1,300,000 tax an¬
ticipation notes.
Dated April 11;
1947. ♦ Denom. * $50,000.' * These
notes are due Aug. 11, 1947. Pay¬
Bend, Offering--The Authority
is ^sking^scaldd .bi(is until April,
15, for the purchase of $8,500,000
...
Sale—The $254,000 cou¬
registered street
improve¬ .£r Dewey Approves New Taxe§.for
ment, equipment and sewer.. jTssde Bonus^tssiie^-rGrovernor Thomas E.
foj^^l^cfn
tax
Trust
ing
;
New
York City, N;■
Record Tax Rate Proposed—
The City's basic real estate tax
-
an
Port cf New
Y.
pon or
f 1947 bonds offered
the
approved
Co., of Buff aid;'" "
Village Clerk and Treasurer, will
Rate
f interest to be in multiples of *4
issue/
,15,': 1948 to 1967, incl. In4
submitted
&
Mamaroneck, N.
as
.
2—v;
was
.
0.85%,
Hempstead Union Free Sch. Dist.
and
be
terest payable M-S.
New York, Bank of. America Na¬
tional Trust & Savings Associa¬
$3,000 from April 1, 1948 to
tion, of San Francisco; the Bank¬
957, incl. Interest payable A-O.
ers Trust Co., New York Trust Co.,
unner-up
in the bidding was
rancis I. duPont & Co., offering
issue
must
bends
March
ue
00.138 for 1.30s.
bond
bond
&
pounced that the bank is request¬
.
sessed
3,000 Sewer District No. 5, series
bonus
$400,-
of New York, as 1.60s, at a
of 100.358, a basis of about 1.55%.
Dated March 15, 1947. Due from
to E. H.
Rollins & Sons, of New York, as
1.20s, at a price of 100.129, a basis
of about 1.175,%.
Dated March 15,
1947.
Due from March 15,\ 1948
to
1957, incl.
Interest payable
awarded
1641—were
p,
District No;' 5, will be at the record high level
of 1947 bonds,: due of /about $2.90 per $1,000 of as¬
A
projected
awarded to E. H. Rollins &
Sewer
30,000
the
April
of¬
$33,000 bonds
were
State
ment
Sale—The $50,000 coupon
Bond
or
.!
receive sealed bids until 8:15 pjn:
March 31
the
61
approving opinion of Vandewater,
Sykes & Heckler, of New York
City, will be furnished to the pur¬
.
,
Bond
Utica, N. Y.
Note Offering—Francis P, McGinty, President of the First Bank
Y.
r
additional
by
the voters at the general election
165, p'. 1778—Were
warded to Tilney & Co.,>LNew. (EST) on April 7, for the pur¬
chase of $300,000 tax, .anticipation
ork, as 1.20s, at a price of 1^0.14,
? basis of. about 11.17%/
Dated notes, not exceeding 2% interest.
pril 1,1947. Denoms: $1,000 and Dated April 10, 1947/ Thesei notes
A single
200.
These bonds are due $1,200 are due July 10, 1947.
rate of interest in multiples of one
n April 1, in 1948 to 1957; incluive. The next highest bidder was one ^hundredths of 1 % is required.
he Marine Trust Co., Buffalo, for The Village will f mulish the. opin¬
ion of Reed, Hoyt .& Wash bur n, of
.40s, at a price of 100.158.
New York, that the notes are valid
Cheektowaga (P. O. Buffalo)/
and binding obligations / of / the
7
New York
Village, //
3 "V /' i
ffered
of
proposals
for
(P.O. Undone), ft. T.
offered 4or- sale on
*
an
cigarettes,' with the
proceeds to be used solely for re¬
on
/
submitted by Geo. B. Gib¬ in November.Y
Y, r;' 3 /, j
bons
&
Co.,
Inc., and Brown
Brothers Harriman & Co., bidding h,Yv'Y'm Pleasantville, N. Y.'uJ''"'"'i, able at-the First Bank 5c Trust
v.
BQnd Sale—The $62,500 coupon Co., of Utica.
jointly.
,
/
;
Y
*
Legality approved
or
registered general-■improve¬ by Vandewater,' Sykes &
Malone
Heckler;
100.072
rch /31—v.
.20% increase
(1917)
,
cent
1:10s,
(P.O. Patchogue), N. Y.
Sale—The ^ $12,000 "fire
bonds
a
in income taxes and
rookhaven, North Ptrtchogue Fire
istrict
providing for
awarded
&
Sims
xeguired."^^
tion
25—v..
due
$1,000.
$5,000
These bonds are
May
1948 to
1,
1961.
Rate of interest to be in multiples
or
1/10 of 1%. Principal and
interest payable at the Westches¬
ter County National Bank, Peeks-
v
,;/ }
/■
Offering—Sealed bids will
received
Until
noon
on
April
Frank Borden,
Villag 2
Clerk, for the purchase of $40,000 5% coupon municipal build¬
14, "by
ing-bonds. Denomination $1,000,
April 1, 1947. Due $2,000
1967. Bidders
may bid for a different rate of
interest in a multiple of V4 of 1%,
No bid lor less than par and ac¬
Dated
from Oct. 1, 1948 to
crued
interest. / The
bonds
are
payable from an unlimited tax.
Principal and interest payable at
Brookville National
Bank.
The
,
proceedings
for
the
the bonds have been
issuance
of
taken under
general obligations of the Town.
supervision of Squire, Sand¬
ers
&
Dempsey,
of Cleveland,
whose approving opinion together
Said
with. the
kill.'
The
bonds
bonds
will
are
be
New York, N. Y., or
valid
and
delivered
*
at
at such other
place as may be designated by the
purchaser about May 1,1947. The
the
printed bonds, will be
Village's expense.
furnished at the
Enclose
a
certified
check
$500, payable to the Village.
for
62
THE COMMERCIAL & FINANCIAL CHRONICLE
(1918)
400,000 Lake Front improvement
Caldwell, Ohio
Offered—Sealed y bids
received until noon on Apri
bonds.
Bonds
were
$16,000 Nov.
to 1872.*
1948
Clerk, for the
750,000
purchase of $10,000 3% fire ap¬
paratus bonds. Denomination $1,000. Dated June 1, 1946. Due $1,000 from Sept. 1, 1947 to 1956,
inclusive. Interest payable M-S.
Due
5, by the Village
Due
-
1,
sewage
disposal bonds.
$30,000 Nov; 1, 1948 to
'
1972.
Bonds
City
improvement
street
$65,0u0
at
the November
election held in 1946. Dated May
voted
on
Payable from
of 1%.
taxes
at
the
unNa~
Central
Due
$48,000
Nov.
1948 to 1972.
1,
.
.
May 1, 1948 to 1952.
$1,000. Principal and inter¬
payable at the Irving Trust
Co., New York City.
tion
Ohio
Chardon,
announced that
$6,800 water line extention
Village Clerk, has
the
O. Coalton),
(P.
Village Sinking Fund Trustees.
Dated July 1, 1947. Denom. $500,
one for $300.
These bonds are due
submitted
follows: $500 in 1948 to
1960, and $300 in 1961.
primary
May 6.
the
Election
Bond
—
Ohio
An
issue
of
$50,000 construction bonds will be
Oct. 1, as
the
to
voters
election
to
be
Z*?,*
the
at
held
Bond
,
thorized
held
at
the
general
Ohio
U>f Education,
ing opinion of Charles T. Wilson,
of Chesapeake, will be furnished
the purchaser without cost.
A
certified
check
for
1%
the
of
able
is
to
the
Board
required.
originally
These bonds
offered
April 15.
for, pay¬
Education,
of
for
were
sale
on
1 w
'
*
Clay Township (P. O. Box 334,
Rural Route 3,
,
Bond
v
received
Denom.
$1,000.
Dated April 1, 1947.
Due $10,000
fronrDec. 1,1948 to 1972. Bidders
may bid for a different rate of in¬
terest in a multiple of *4 of 1%.
These
the
are
1946. pie of 3/4 of 1%, and
incl.
Ohio
Board
The bonds
at the
and
the
of
Trustees,
authorized
were
Nov., 1946, general election
are
payable
taxes.
from
Principal
unlimited
and
(These
bonds
were
originally
scheduled to be sold on March 10.)
Cleveland, Ohio
Bond Ordinances Passed—F. R.
states
the
that
passed
the
of
made at 8:30 p.m.,
must accompany
at Cleveland.
improvement
$50,000 Nov. 1,
Due
1948 to 1957.
50,000 park improvement bonds.
Due Nov.
1, as follows: $4,000
in 1948 to
000
in
400,000
tion
Due
-
1958
1957, and $5,-
and
market
1959.
house
and
equipment bonds.
$20,000 Nov. 1, 1948 to
•
1,
as
to
follows:
1957, and
$37,000 in 1948
$38,000 in 1958
'to 1967,
250,000
Due Nov.
recreation
con-
bonds. Due Nov. 1
follows: $11,000 in 1948 to
1961, and $12,000 in 1962 to
—
An
1948
hospital
bonds. V Due
1, as follows: $6,000 in
to 1958,
and $7,000 in
issue
300,000
various
water works .bonds will
submitted to the voters at the
election to be held on May 27.
—
receive
sealed
J.
of
on
March 18.
Frisch,
Education,
bids
until
bonds.
These bonds
to 1955
incl., and $4,000 from
are
Said bonds
be exchanged for bonds reg-
may
ist/red
to
as
,?s„ °
certified
nrincinal
^f
S hSnds
™ount
inter-
and
the
for
check
1%
of Vi of .1%. A certified check for
$100, payable to the Village, is
quired.
re¬
bonds
offered
for
sale
on
A
certified
of
ury'1S requirea*
for
Bond
Sale—The issue of $200,-
000 building bonds offered April 1
v.
165,
1642—was awarded to
p.
awarded
165, p. 1507—
Fox, Reusch &
to
$500
Dated Jan. 1, 1947.
Due
March and Sept. 1, in
on
to
1958, incl.
able M-S.
ding
was
| fering
Interest pay-
Runner-up in the bidJ. A. White & Co., of-
a
basis
March
of
15,
annually
about
1947
on
1.89%.
and
due
Adair
School
District,
Bonds Sold—An issue of
^
last June
Okla.
$12,000
for
sale
19, was awarded to the
First National Bank, of Pryor, as
iy2s, at
price of
a
Interest
par.
j°/"These
bonds are due
incl.
'Second high bid
101.44 for 234s was made
by
Richards & Co. of Cleveland.
tion to be held
$200,000
//• ; y
hospital
submitted
to
sideration
at
held
on
Bond
Town
bonds
the
voters
election
an
be
will
for
con¬
to
be
16
City (P. O. Oklahoma
City), Okla.
Offering — F. B. Foster,
sealed
April 19, for
following
bonds amounting to $186,340:
I
Clerk,
bids until 10
Bond Sale—The
$414,000 school
offered for sale on March
29—v. 165, p. 1507—were awarded
bonds
as
in 1963 to
1971, and $8,000 in 1972
Principal and interest payable a
the City Treasurer's office.
Bun;
in
ner-up
State
of
the bidding was thf
Oregon, offering ' pa
Bonds Not
that the
Sold
—
It
is
statec
$10,000 general obligatior
bonds offered
on
March 13—v. 165
1370—were not sold.
p.
Bonds
Re-offered
—-
Bids
were
again received by the Secretary ol,
the Board of Directors until
Apri;
3, for the purchase of the above
bonds, at not to exceed 6% inter¬
Bond
Offered
received
were
—
Sealed
ijids
until
April 4, -for
the purchase of $275,000 2% semiann.
water
which
bonds,, the legality ol
bonds
approved
hy
Winfree, Shuler, McCulloch
Sayre, of Portland.
&
was
Ontario, Ore.
i
'
■
City
the
District No. 18 bonds, at ndt •ex¬
ceeding 5% interest. 'Dated May
1, 1947.
Denom. $1,000.
These
are due
May 1, as follows:
$2,000 in 1948 to 1957, and $1,000
in 1958.
Principal and interest
payable at the City Treasurer's
bonds
office.
A certified check for
must accompany
Redmond, Ore.
Bond
$500
the bid.
Sale—The
offered for
r
.
$30,000
sale
i
.
water
on
Clerk.
according
optional in 1952.
the
to
of
City
1958;
the
Due $3,000 in 1949 to
United
Runner-up
was
States National Bank,.
Portland.
t)matilla County, Athena School
District (P. O. Athena), Ore.
Bonds Voted—An issue of
$140,-;
000 construction bonds carried *at
the election held
on
March 21.
...
that the $29,672 school/bonds <cxffered for sale last May, were
pur-:
chased
as
Is, at
a
price of 100.054.
on
of
the
jointly to Ryan, Sutherland & Co., $19,000 water system bonds. Due
and Stranahan, Harris &
Cq., Inc.;. }
$1,000 in 1950 to 1968.both of
Toledo, as l%s, at a price
105,000 water distribution
Gf 101.296, a basis of about
bonds.
Due $5,000 in 1950 to
1.615%;; i /
yy.>
/
Price
.
PENNSYLVANIA JIS&7'
Aliquippa, Pa^-^-'
Borough Sec¬
Paid—The
retary now states that the $100,000
public improvement bonds sold 4o
Singer,
Deane
&
Scribner, >of
Pittsburgh, as 13/4S, as noted here
Dated April 1, 1947.
Due on Dec.; v*; 1970. -7,?yy:, -—v. 165, p. 1243—were awarded
Exempted Village School 1, in 1948 to 1967, incl.
Interest
27/100
sewage
disposal bonds. to the said firm at a /price of
District, Ohio
payable J-D.
;Runner-up in the r/v,v Due $1,500 in 1950 to 1967. - 101.70, a basis of about 1.575%.
Bond Offering—H. P. Beathard,
bidding was Braun, Bosworth: &
8,000 municipal building bonds. Due $5,000 from Nov. 1, 1948 'to
Clerk of the Board of Education,
Cq., Inc., offering 100.793 for l%s..
1967,1^1;.,;/ry yy
yk-,;-i
;
4.
i't! '/• \
;:v
v
"
v..
.
,
<-
I
Umatilla County Sch. Dist. No. 45
(P. O. Echo), pre.
>
Bonds Sold—It is reported now
receive
will
a.m.
purchase
hids
until 7:30 p.m. on April
7, for the
purchase of $21,000 Lateral Sewer
Bank,
Midwest
Exempted Village Sch.
Rittman), Ohio
1947.
Due w
follows: $3,000 ii
1950, $4,000 in 1951 ti
1956, $5,000 in 1957 to 1962, $6,00'
15,
Portland,
April 14.
Anril
March
in the bidding was Braun,
& Co., Inc., offering a
Hugo),
Bond Election—The issuance of
ofi^n
Dist. '(P. 'O.
2.445%
March
25—v. 165, p. 1643:—were awarded
to
the First National
April 8.
on
Choctaw County (P. O.
Okla.
Field,.'q
Rittman
n^
a
15,
about
to
bonds
$39,000 building bonds will be
presented to the voters for ap¬
proval at an election to be held
Dec. 15 from 1948 to
of
March
Dated
cost
Recorder, will receive sealed
OKLAHOMA
Okla.
$10,000
Portland, at
Bond Offering—F. P.
Ryan,
Bond Election—The issuance of
Dated
interest
100.70 for iy2s.
Guymon Sch. Dist. (P. O. Guymon),
Braun, Bosworth & Co., Inc., of
Toledo, as 2s, at a price of 101.073,
First Na
tional Bank of
est.
Dated April 1, 1947." Due
$1,000 from April 1, 1948 to 1957,
Wert, Ohio
Bond Sale—The $11,000 auto- incl.
Interest payable A-O.
r
matic traffic signal bonds offered
North Bendf Ore.
on
March 29—v.
8
Royalton Local Sch. Dist."
(P. O. R. R. No. 3, Brecksville), Ohio
31—v. 165, p. 1642—were awarded
to Halsey, Stuart & Co., as
f
Van
Jl^iDue $500 in 1950 to 1965,,^
■rt:
the
fs rXTred
urv
19561
check
1967
Lakewood, Ohio
Bond Sale—The $250,000 hospi¬
tal
building
and
improvement
'
I
owner
bid for
t™th^
North
sealed
Bidders may bid for a dif¬
ferent rate of interest in
multiple
March 28.
London
:
«•
due
(M-N)
payable at the Chemical Bank &
Trust Co., N. Y. City.
aSSi I building bonds offered
Dated
to 1970 incl.
Bond Offering — Adelbert P.
Hunt, Village Clerk, will receive
1955.
for
underground parkin
projects and permitting the Far
handle A. & M.
College to issul
school building revenue bonds wa
signed by Governor Turner 'o
j as follows: $10,500 in 1949 for 3s.
$12 000 in 195(fto '1952. Bid.
Marion County, Four Corners
ders may b;d for a different rate
Rural Fire Protection Dist. 7
of interest in a multiple of
of
(P. O. Salem), Ore.
1%. Principal and interest
$1,000, payable to order of the
Board of Education, is required.
bids until noon on
April
5, for the purchase of $8,000 fire
apparatus bonds. Dated April 1,
1947. Denom. $1,000. These bonds
are
due $1,000 Nov. 1, 1948 to
bonds
M
on
election.
Lakemore,Ohio
ized—Legislation authorizing loci
units
to ~ issue
self-liquidatii}
and
1.345%.
|
T.
1947.
Principal and inter-1
J
$1,000 from July 1, 1949 to 1960.
est (A-O) payable at the Central
The bonds
Hebron Local School District, Ohio Trust Co., Cheviot.
Chickasha School District, Okla.
are
payable from unlimited ad
Bonds Voted—An issue of
Bond
Election — An issue
of
$188,valorem taxes and were author¬
000 site purchase and construction
$97,000 construction bonds will be
ized at the Nov.,
bonds was approved at the elec¬
1946, gener
submitted to the voters at the elec¬
price of 100.073 for l^s.
buildings improvement bonds
Due $12,000 Nov.
1, 1948 to
x
Co., of Cincinnati, as iy2s, at a
priCe of 100.88, a basis of about
April
15, 1947. Denom. $1,000. Due Oct.
15, as follows: $5,000 from 1948
be
ner-up
department
1972.
M
April 9 for the purchase
of $100,000 not to exceed 3% in-
of
Bosworth
*
1959 to 1970.
Offering
gymnasium
a price
of 100.434, a basis of
about 1.46%.' Dated May 1, 1947.
Due on Oct. 1, in 1948 to
1969,
incl. Interest payable A-O.
Run¬
1969.
purchase of $46,500 3% street improvement coupon bonds, dated
^
at
'
Nov.
will
p.m.
iy2s,
struction
as
150,000
Bond
$14,000
V
center
and accrued
the bid.
Clerk of the Board
certified
1967.
750,000 airport bonds.
!
construc¬
Election
Oklahoma (State of)
Revenue Bonds Authoi
March
were
Montfort Heights Local Sch. Dist.
(P. O. Cincinnati), Ohio
Freeport, Ohio
Bond
has
street
bonds.
a
'
Local
1948
Bond
offering - Rudy Klein,
city Auditor. win receive sealed
bids until noon on April 8, for the
1948
check for 1% of the amount of the
ordinances
calling for the issuance of 3%
bonds amounting to
$6,100,000:
$500,000
Enclose
par
bonds, payable to the City.
Finance, tion held
City Council
following
multi-
interest.
A $500 certified check,
payable to the Board of Education,
(J-D) payable at the Portsmouth
Director
a
bidfis to
the City Treasurer's office.
All
bids will be considered and award
interest
Banking Co., Portsmouth. A cer¬
tified check for
$200, payable to
order of the
Township, is required.
Hanrahan,
no
Principal and interest payable at
Portsmouth),
Offering—Harry D. Hunt,
of
on
be for less than
April 14, pro¬
will receive
sealed bids until 1 vided, however, that the right is
reserved to reject any and all
p.m. on April 26 for the purchase
A transcript of proceedings
of $20,000 not to exceed 6% in¬ bids.
terest fire equipment bonds. Dated evidencing
the legality thereof
May 1, 1947.
Denom. $1,000. Due and the printed bonds will be
$2,000 on Dec. 1 from 1948 to 1957 furnished promptly for delivery
Clerk
noon
est rate is to be stated in
the bonds authorized at
November election in
until
must accompany the
Toledo, Ohio
L
14,
bonds.
received
April
14, by Oscar Shaw, Clerk of the |
Board of Education, for the purchase of $50,000 stadium bonds. 1
Interest rate is not to exceed 4%,
payable J-D. Denom. $1,000. Dated
April 15, 1947.
Due as follows:1
$2,000 on June 1, and $1,000 on
Dec. 1, in 1948 to 1961, and $4,900
on June 1, and Dec. 1, 1962. Inter-
until noon on April
by William A. Abbott, City
Auditor, for the purchase of $250,000 2% coupon water main con¬
be
struction
amount of the bonds bid
Bond Offering—Sealed bids will
be
A $300 certi-
bid.
Sale—The
Bond Offering—Sealed bids will
noon
fied check, payable to the Board
Bond Offering—The City Auditor will receive sealed bids until
Euclid, Ohio
election
Nov. 5, 1946. The approv¬
on
,
until
tiple of 1/4 of 1%.
.
Miamisburg,
on
r
of V4 of 1%. Said bonds were au¬
$500
■
by
Delaware, Ohio
noon on April 16, for the purchase
$100,000 water
of $400,000
3% municipal light
works
improvement
bonds of¬
and power plant revenue coupon
Clerk of the Board of Education, fered for sale on March 26—v.
bonds.
Dated April 1, 1947.
Dewill receive sealed bids until noon
165, p. 1506—were awarded to
on April
18, for the purchase of J. A. White & Co., of Cincinnati, """in!,1,'0?0' 1S,esei?onds «* du®
ln
1950 to 1969.
$150,000 construction bonds, not as l%s, at a price of 101.686, a
Principal and
interest payable at the Lincoln
about
1.53%.
Dated
exceding 21/>% interest.
Dated basis of
National Bank Cincinnati. LegalDec. 1, 1946. Denoms. $7,000 and April 1, 1947. Denomination $1,ity approved by Peck Shaffer &
$6,000. These bonds are due Dec. 000. These bonds are due from
Williams, of Cincinnati. A certi- |
The next
1, as follows: $7,000 in 1948 to Oct. 1, 1948 to 1967.
fied check for $5,000, is required.
1952, $6,000 in 1953 to 1954, $7,000 highest bidder was Field, Rich¬
in 1955, and $6,000 in 1956 to 1971. ards & Co., for 2s, at a price of
Minerva Exempted Village Sch.
Rate of interest to be in multiple 104.405.
Dist. (P. O. Minerva), Ohio
Chesapeake—Chesapeake Union
Exempted School District, Ohio
Bond Offering—Iven C. Goodall,
Due
OREGON
Board of Education, for the purthe City Auditor that at the elec- chase of $4,500 4% school bonds,
Free water, Ore.
tion held on March 25, the voters Denom. $900. ; Dated April 1, 1947.
Bond Sale—It is stated
by th
rejected the four proposals to is-1 Due $900 on April 1, in 1948 to City Clerk that the
$125,000 sewd
sue various
improvement bonds 1952, incl. Bidders may specify a bonds offered for sale on
Marc!
aggregating $1,500,000.
different rate of interest in a mul- 11, were awarded to the
Bonds Defeated—It is stated
Coal Township Local Sch. Dist.
by
purchased
been
have
bonds
received
on
April
12, by J. M. Spiker, Clerk of the
*
Lorain, Ohio
est
Clause,
be
-'
:
bonds.
1950 to 1970.
'
.
$13,000 from
Bonds Furchased—Anna
10,500 jail
.
$1,000.
Denomination
1947.f
1,
These bonds are due
are
V\
Ohio
An issue of $150,000 2V2% water
14,500 garage bonds.
Due $1,0(1
works mortgage revenue bonds is
in 1952 to
1965, and $500 |
being offered by Edw. G. Taylor
& Co., of Cincinnati, for public
2,340 street bonds.
Due $100 i
subscription. Denom. $1,000. Dated
1950 to 1971, and
$140 in
197}
April 1, 1947.
Due on Dec. 15;
A certified check for 2% ot W
$5,000* in 1948 to 1955, $6,000 in amount of
bid upon each separal
1956 to 1964, and $7,000 in 1965
issue, is required.
to 1972, all incl.
Prin. and int.
1947.
limited
Marys,
Bonds Offered for Investment—
tional
Bank, London.
The ap- (J-D) payable at the City Treasproving opinion of Squire, Sanders I urer's office, or at the Home
200,000 health center improve¬ & Dempsey, of Cleveland, may Banking Co., St. Marys. Legalityment bonds. Due $8,000 Nov. be obtained at bidder's expense, approved by Peck, Shaffer & WilA certified check for $5,700, pay- liams, of Cincinnati,
1, 1948 to 1972.
rJ:1
150,000 street opening and re¬ able to the Board of Education, is
location bonds.
Due
(These
bonds
were I Scio Local Sch. Dist. (P. O. Scio),
$6,000 required.
\
I..-:. Nov. 1, 1948 to 1972.
; originally offered on Jan. 15, the
°hi°
sale of which was cancelled.)
/
I Bond Offering—Sealed bids will
Dated May 1, 1947. Denomina¬
bonds.
<
passed a resolution re¬
cently calling for the issuance of
Council
bonds
St.
Denom. $1,000.
These
due $5,000 on May and
Nov. 1, 1948, and $6,000
May and Nov. 1, in 1949 to 1971.
Rate of interest to be in multiples
I,
of
construction
bridge
1,200,000
I
$287,000 school bonds, to bear not
exceeding 3% interest. Dated Jan.
bonds
1948 to 1972.
Ohio
Authorized — The
noon
April 16, for the purchase of r
$6,000
;
1,000,000 rights-of-way and san¬
itary
storm
water sewer
bonds.
Due $40,000 Nov. 1,
Cambridge,
>;V
will receive sealed bids until
on
Moncky, April 7, 19-
"j if
:.vt*0- >i4oY:;
'Otirt 'in ^
: ..' -y
000.0/4
/
i
»
Vfi
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4583
165
Volume
(P. O.
p
Ebensburg), Pa.'' ~v •
V" Bond Sale—The $368,000 ' refunding bonds offered for sale on
*
April 1—v. 165, p.
1507—were
awarded to Hemphill,!- Noyes &
Co., of Philadelphia, as lVss, at a
price of 100.229, a basis of about
1.182%.
Dated
May
1,
1947.
Denom. $1,000.
These bonds are
due $92,000 from May 1, 1949 to
Cambria County
$5,000
on
April 1
£
from 1953 16
Principal and interest
1962 incl.
*,
(A-O) payable at the Union-Peo4
pies Bank, Clinton. - The . bonds
are payable from unlimited taxes
and the approving legal opinion of
Chapman & Cutler of Chicago will
be furnished the successful bidder.
deliver the bonds to the purchas¬
at
the
American
National
Bank, Nashville, on or about Apr.
23. The City Will supply the ap¬
proving opinion of Chapman &
Cutler, of Chicago, and all bids
mUst be so conditioned. A certi¬
ers
.
v
;
-
Dyersburg, ,Tenn.
is
:
required.
'
.
-
The next highest bid¬
National
Bank, Philadelphia, for 116 s, at a
1952, incl.
j
der
'
!
the Philadelphia
was
price of 100.23/
Phi lade lpia»
;
Schmertz
burgh, were
v
above
the
East
Phillips,\
and
named in the
bonds.
of
Robinson, of Pittsassociated with the
&
/
Lynch,
&
Leonard
i; Moore,
-
purchase of
i
'
following bonds totaling $650,-
the
000, will be submitted to the votj
ers
for approval at an electioh
scheduled for May 27: $500,000
and
and
bonds/
:
to be held
^
Payette County (P. O.
Tenn.
Somerville),
—
*
*
.
an authorized issue total¬
ing $150,000.
Lenoir
"
Bond
c
(P. O. Belle
North Belle Vernon
,
•<'.
Vernon), Pa. \
Sale—The $65*000 street
improvement bonds offered for
,
'
Bond
*
on
March 25—v. 165, p. 1507
—were
awarded to the First Na-
sale
;> tional Bank, of Belle Vernon, at a
price of 100.38.
Dated April 1,
These bonds are due $5,000
-1947.
from
April 1, 1949 to 1961, inclu¬
follows: $7,000 in 1955 and
$1,000, payable to order of the
City Treasurer, is required. City
will furnish printed bonds and
for
legal opinion of Chapman & Cut¬
ler of Chicago.
Nashville, Tenn.
7
'
Newport, R.
1945
Note Sale—The $500,000 tempo¬
loan notes offered for sale on
April 3, were awarded to the Sec¬
rary
ond National Bank,
discount
of
0.61%.
of Boston, at a
Dated April
Denom. $50,000 and $25,are due Sept. 4,
3, 1947.
These notes
000.
The
1947.
next
highest
the First National
ton, at
bidder
Bank, Bos¬
rate of 0.74%.
a
SOUTH CAROLINA
£
.
Branchville, S. C.
.
Bond Call—It is stated
by Ruth
Byrd, Town Clerk-Treasurer, that
the town's refunding bonds, dated
June 1, 1937, are being called for
payment as of June 1, at the Central Hanover Bank & Trust Co.,
New York City.
>:
*
Chester, S. C.
Bonds Voted—An issue of $300,-
;
000 water works system bonds was
favorably
r;
held
JiVW7
i
.
Bonds
voted
March
on
at
election
the
25.
Marion, S. C.
Voted
—
The
following
bonds totaling $250,000, were ratified at the election held on March
•-
25:
$85,000
street
and
sidewalk
improvement; $62,000 sanitary
sewer; $53,000 storm sewer, and
$50,000 swimming pool bonds, y ;
SOUTH DAKOTA
Brookings, S. Dak.
Sale—The $250,000 elec¬
tric plant revenue bonds offered
Bond
for
sale
on
March
24—v.
165,
p.
1643—were awarded to the Alli'
son-j-Williams Co., of Minneapolis,
'
at
public auction, as 1.40s, at a
phice of, 100.332, a basis of about
1.345%.'Dated March 1, 1947. Due
$25,000 from Mardh 1, 1949 to
>1958, incl. Interest payable M-S.
Second best bid
;
100.328
for
an offer of
submitted by
was
1.40s,
Juran & Moody, and associates.
TENNESSEE
Clinton, Tenn.
t"-
street,
pon
"
Bonds
Offered
Pease,. Town
—
Langston F.
Recorder/ received
sealed bids until 7
;
^7
Bond Sale—The
RHODE ISLAND
was
1956;
$8,000 from 1957 to 1959 incl.,
and $7,000 in 1960.
Rate of inter¬
est to be expressed in multiples
of Va of 1%.
A certified check
7
sive.
p.m.'-l[ESTV on'
April 3 for the purchase of $50,000
general improvement bonds. Dated
April 1, 1947. Denom. $1,000. Due
**
of
bonds
April
the
for
sale
on
p.
1370—were
syndicate composed
165,
1—v.
awarded to
of
$1,500,000 cou¬
alley - and sewer of
offered
a
Harris
Trust
&
April 12.
Bellaire, Texas
sewer
bonds offered for jsale
March
on
were
31-^-v.
Savings
Bank, Northern Trust Co., both of
Chicago, J. C. Bradford & Co., of
Nashville, A. G. Becker & Co., of
165,
1643—
p.
awarded to Crummer & Co.,
Inc., of Texas, of Dallas, at
interest
cost
of
2.6701%.
net
a
These
bonds are due in 1948 to 1977. The
next highest bidder was the First
of Texas Corp., San Antonio, at a
net
interest
cost of 2.694%.
Brownfield Consolidated Inde¬
"
'
pendent School District, Texas
$100,-
Bonds Voted—An issue of
at
Gilbert' proved
Goodwin will receive sealed bids
as
on
UOO" construction
City; Tenn.
Offering—Mayor
until 7 p.m. on April 11 for the
by Glover & MacGregor, of Pitts-r. purchase of $45,000 not to exceed
burgh, as
l%s,/at a price of 4% interest
funding bonds. Dated.
100D68; Interest payable M-N. •>
April 1, 1947; Denom. $1,000. Due
-
V'
and
part of
by the Borough Secretary that
% the-$16,000 borough bonds offered
for sale last May, were purchased
issue
Bond Sale—The $150,000 water
;
■
$85,00&
equipment •- and-*^ road
(P. O.
Heidelberg (P. O. Loupurex), Pa<
Bonds Sold—It is now reported
"O/'; / 7*eXOS
Election — An
.
.
tional Bank of Lansdowne.
County (P. O. Archer City),
t/
Bond
light improvements, $150,000 road bonds will be sub$150,000 street improvement hiited to the voters at the election
water
highway
East Lansdowne), Pa. <
; building bonds was purchased re¬
:
Bond Call
It is stated,..by cently by the First National-Bank,,
i Franklin R. Walter, Secretary of of Memphis, as IV2S, at a price of
the Board
of
School ! Directors.^ 100.51, a basis of ! about -1*335%;'
that the Board has called for pay- Dated March 1, 1947; These bonds
ment as of May 1, refunding and are due March 1, as follows: $15,v improvement bonds of 1935, at par
000 in 1948 to 1950, and $20,000 in
These bonds are
; and accrued interest, at the Na¬ 1951 and 1952.
.
Archer
the
bonds
election
was
ap-
held
on
March. 11
Brownsville,
Texas
$1,750,000 3%
coupon improvement utility rev¬
Bond
enue,
v.
Sale—The
bonds
185,
p.
offered
March
27—
1371—were awarded to
Dallas)>
Sale—The
street and city hall
$60,000
bonds
purchased recently "byRauscher, Pierce & Co., of San
Antonio, at a price of par. Dated
1,
1947.
Denom.
$1,000.
bonds are due April 1, as
follows:
$600,000 rbad,
..
'
,
Co.
2%%
1947 bonds offered for
syndicate composed of Crummer election scheduled for April 5, it
Co., Inc. of Texas, of Dallas; is said.
M. E. Allison & Co., San Antonio;
Hamilton Indep. Sch. Dist. (P. O.
Rauscher, Pierce & Co., Dallas;
r Hamilton), Texas
R.
J. Edwards,
Inc., Oklahoma
Bond Sale Details^-In connec¬
City;
Dunne-Israel
Investment tion with the sale of the
$146,000
Co., of Wichita; James C. Tucker
(not
$150,000)
school building
& Co., Austin; Barcus, Kindred &
bonds to the syndicate headed by
Co., Chicago; Moroney, Beissner
the Hamilton National Bank, as
& Co. alid A. W. Snyder & Co.,
noted here—v. 165, p. 1370—it is
both of Houston; Emerson, Roche
now stated by the Secretary of the
& Co., Austin; Dittmar & Co., San
Board of Trustees that the bonds
Antonio;
Columbian
Securities were sold at a
price of 100.08, a
Corp. Of Texas, and R. K. Dunbar
net interest cost of about 2.685%,
& Co., both of San Antonio, at a
on the bonds divided as follows:
price of 102.051, a basis of about
$57,000 as 2Y2s, due from Feb. 15,
2.811%.' The bonds are dated Feb.
1948 to 1965, the remaining $89,000
1, 1947 and mature on Feb. 1 from
as 2%s, due from Feb. 15, 1966 to
1948 to 1977 incl.
,
1977.
Interest payable F-A.
Ranson-Davidson
Texas
$2,000 in 1948 to 1952,
$3,000 in 1953 to 1962, and $4,000
in 1963 to 1967. Bonds maturing in
sale on March 27—v. 165, p. 1644
in 1958 to 1967, are callable on
-were
awarded to a syndicate
April 1, 1957.
Principal and in¬
composed of Harriman Ripley & terest
(A-O) payable at the Secu¬
Co., Inc., Kebbon, McCormick &
rity State Bank, Pearsall.
These
Co., of Chicago, Dittmar & Co., bonds were voted at the election
of San Antonio, and the Texas
held on March 18, and constitute
Bahk & Trust Co., of Dallas, at
direct and general obligations Of
100.00, a net interest cost of about the
City, payable from ad valorem
1.698%, on the bonds divided as taxes
levied against all taxable
follows: $110,000 as l%s, due from
property located therein within
April 10, 1948 to 1957; $160,000 as the
limitations prescribed by law.
l%s, due on April 10, in 1958 to
Legality approved by Gibson, Gib¬
1961, and the remaining $330,000 son &
BoOthman, of Austin.
as l%s, due from April
10, 1962 to
1968.
Dated April 10, 1947.
Tyler, Texas
In¬
Bonds Sold—The following rev¬
terest payable A-O.
Second best
bid was an offer of 100.057 for enue bonds aggregating $2,750,000,
$35,000 as IV2S, and $565,000 as were purchased- recently by a
l%s, submitted by Halsey, Stuart syndicate composed of Crummer
& Co., Inc., of Texas, Rauscher,
& Co., and associates.
Pierce & Co., the First Southwest
Georgetown Independent School
Co., all of Dallas,. Equitable Secu¬
rities Corp., James C. Tucker &
District, Texas
Bonds Voted—An issue of $165,Co., of Austin, Dallas Rupe & Son,
000 school bonds was approved at of
Dallas, the First of Texas Corp.,
the election held on March 22.
/
of San Antonio, R. J. Edwards,
Inc., of Oklahoma City, Moss,
Grand Prairie Indep. Sch. Dist.
Moore & Co., James & Stayart,
(P. O. Grand Preirie), Texas '
Bond Election—The issuance of Inc., both of Dallas, and the Co¬
lumbian Securities Corp., Texas,
$200,000 construction bonds is to
of San Antonio, at par, giving a
be submitted to the voters at an
Bond
&
The
Pear sail,
63
was
These
a
.
net interest cost of about 2.735%:
$503,000
2%% water works and
system bonds.
Due on
April 1, from 1948 to 1957,
sewer
incl.
<■:;*
2,247,000 2%% water works and
sewer system bonds.
Due on
April 1, from 1958 to 1980;
bonds maturing in
1963 to
1980, being callable on April
1, 1962, at 102.75. Denom.
Dated April 1,
(A-O) pay¬
able at the First National Bank,
1947.
Dallas.
$1,000.
Prin. and int.
These
bonds
were
ap¬
proved by the voters on March 25.
Legality approved by Dumas &
Huguenin, of Dallas, and Chap¬
& Cutler, of Chicago.
man
(
was
Chicago, the Lee Higginson Corp.
associated with the above named
and Reynolds & Co., of New York,
in the purchase of these bonds.
at par, giving a net interest cost of
about 1.514%, on the bonds divid¬
Brownsville Navigation Dist. ]
ed as follows: $150,000 as 2s, due
(P. O. Brownsville), Texas
on June
1, 1950 to 1952, the re¬
Bonds Sold—An issue of $1,000,maining $1,350,000 as IV2S, due on 000 first lien revenue bonds was
June 1, in 1953 to 1974, incl. In¬
purchased on March 26 by Ketchterest payable J-D. Second high¬
am
& Nongard, of Chicago, and
•
Bonds Sold—An issue of
April
Dallas County (P. O.
Texas
Series of
of
Bonds Sold—An issue of
Sch. Dist.
Lansdowne
Bond Election—The issuance
$3,000 in 1964 and 1965, $4,000 in
1966 to 1971, and $3,000 in 1972,
as 3s,
Interest payable A-O. The
next highest bidder was the First
of Texas Corp., San Antonio, for
50,000 as 3%s.
fied check for 2% of the bonds bid
for, payable to the City Treasurer,
(1919)
VIRGINIA
Hawkins Independent
Sch. Dist*,
Texas
Bond
Offering
Secretary
of
—
Board
Bonds Sold—An issue of
J. E.
of
Green,
Trustees,
will receive sealed bids until 8:30
p.m. on
of
Brodnax, Va.
April 15 for the purchase
not to exceed 2V2%
100,000,
interest school house bonds. Dated
$50,000
bonds was
purchased recently by Scott, Hor¬
ner & Mason, of Lynchburg, at a
price of 100.10, a net interest cost
of 2.20%, as follows: $15,000 ma¬
turing $3,000 from Jan. 1, 1948 to
1952, as 6s, and $35,000, maturing
on Jan.
1; $3,000 in 1953 to 1957,
and $2,000 in 1958 to 1967, as 2s.
Interest payable J-J. Legality ap¬
proved by Reed, Hoyt & Wash¬
burn, of New York.
water system revenue
May 1,1947. Denom. $1,000. Due
Investment
$10,000 on May 1 from 1948 to
$150,000 as 3s, and $1,350,000 as
Co., of Dallas, as 3y2S, at par. 1957 incl.
Rate or rates of inter¬
l*,6s, submitted by Harris, Hall & Dated March 1, 1947.
Due on est to be named
by the bidder and
Co., and Bramhall, Barbour & Co., March 1, 1977.
Prin. and int. the bonds are to be sold at not
jointly.
(M-S) payable at the National less than
par and accrued interest.
The $85,000 coupon fire depart¬
City Bank, New York.
Legality Alternate bids are requested on
ment : equipment
and improve¬ approved by Chapman & Cutler,
Colonial Heights
(P. O. Petersbonds
with
a
5-year
optional
ment of -1947 bonds offered for
of Chicago.
burg), Va.
clause.
Principal
and
interest
sale on the same day, were award¬
The bonds were reoffered for
Bond Sale—The issue of $250,(M-N) payable at a place desig¬
ed to the Commerce Union Bank,
000 water supply system bonds
public subscription by the above nated
by the successful bidder. A
of Nashville, at par, giving a net
offered March 31—v. 165, p. 1371
dealers, heading a group consist¬ certified check for
$2,000, pay¬
interest cost of about 1.07%, on
—was
awarded
to
a
syndicate
ing of Stifel, Nicolaus & Co., of able to order of the
district, is re¬
the bonds divided as follows: $70,composed of F. W. Craigie & Co.,
Chicago, B. J. Van Ingen & Co.,
quired. District will furnish print¬
000 as Is, due from Feb. 1, 1948
of New York, Barcus, Kindred &
of Richmond, Scott, Horner & Ma¬
ed bonds, copy of proceedings and
to 1953, the remaining $15,000 as
Co., of Chicago, Thomas & Co., of
son, of Lynchburg, C. F. Cassell &
1X/4S, due on Feb. 1, 1954. Interest Pittsburgh, Rauscher, Pierce & approving opinion of any market Co.
and
the
Peoples National
payable F-A.
:
l*/''1'- Co., of Dallas, Lyons & Shafto, of attorney selected by the pur¬ Bank, both of Charlottesville, as
chaser, and will deliver bonds to
The American National Bank of
2.40s, at a price of 100.139, a basis
Boston, Louis Pauls & Co., of Gal¬ bank
designated by the successful
Nashville was the runner-up for
of about 2.391%.
Dated Marcfy 1,
veston, Dempsey-Tegeler & Co.,
bidder, all at its own expense.
these bonds offering 100.003 for of St.
1947 and due March 1, as follows:
Louis, and M. B. Vick & Co.,
$40,000 as Is, and the remaining of Chicago.
$3,000 from 1950 to 1964 incl.;
Jefferson, Texas
$45,000 as iy4s.
Bonds Voted—An issue of $175,- $10,000 from 1965 to 1976 incl.,
Center, Texas
and $85,000 in 1977.
000 water and sewer system bonds
Paris, Tenn.
Bond Sale—The $50,000 street
was favorably
voted at the elec¬ Henrico County (P. O. Richmond),
Bond Offering—I. H. Dale, City
improvement bonds offered for tion held on March 4.
y Virginia
Recorder, will receive sealed bids sale on April 1—v. 165, p. 1644—
Bond Sale—The $750,000 Series
until 11 a.m. oh April 9, for the were
awarded to the Columbian Lower Colorado River
Authority
A,
coupon
school improvement
purchase of $600,000 series of 1946, Securities Corp., of Texas, of San
Pi (P. O. Austin), Texas
bonds offered for sale on April 2
electric system revenue bonds, not Antonio.
Dated
May
1,
1947.
Bond Redemption Notice—It is
—v.
165, p. 1508—were awarded
exceeding 4% interest. Dated Dec. DenOm. $1,000.
These bonds are stated that a total of $330,000
a
syndicate
composed
of
1,
1946.
Denom $1,000.
These due May 1, in 1948 to 1967. The revenue bonds of the above Au¬ to
Phelps, Fenn & Co., of New York;
bonds are due June 1, as follows: next
highest bidder wras Barcus, thority, are being called for pay¬
Scott, Horner & Mason, of Lynch¬
$30,000 in 19487 and 1949, $31,000 Kindred & Co. '.
ment on May 1, by application of
burg; the Peoples National Bank
in 1950, $32,000 in 1951, $33,000
moneys in the Debt Service Re¬ of
Channelview Independent
Charlottesville, and the Bank
in 1952 and 1953, $34,000 in 1954
School
serve.
Payment at 105 and ac^- of
Virginia, of Richmond, as 1.30s,
and 1955, $35,000 in 1956 and 1957,
District, Texas
crued interest will be made at the
at a price of 100.08, a basis of
Bond Sale—The $50,000 school
$36,000 in 1958, $37,000 in 1959,
Chemical Bank & Trust Co., New
about 1.285%, Dated April 1, 1947.
$38,000 in 1960, $39,000 in 1961, house bonds offered for sale on York
City, trustee.
Due on April 1, in 1949 to 1967,
$40,000 in 1962; $41,000 in 1963, March 31, were awarded to Emer¬
est bid
was an
offer of 100.196 for
$42,000 in 1964. These bonds
payable at the Central Han¬
the
E.
Kelly
Brown
of Austin, as
maturing $500
over-Bank
& Trust
Co:, NeW from April 1, 1948 to 1952, as 2Y2S,
York City. Bidders to name the and $47,500 maturing April 1, $500
Tate or rates of interest in mul¬ in 1953 to 1959, $2,000 in 1960 and
tiple of Vi of 1%. The City will 1961, $3,000 in 1962, $4,000 in 1963,
and
are:
son, Roche & Co.,
follows: for $2,500
incl. Interest payable A-O. Sec¬
Mason, Texas
City Clerk rev ond highest bid was an offer of
ports that the $525,000 electric, 100.549 for 1.40s, submitted by
water and sewer bonds approved Halsey, Stuart & Co.; Blair &cCo.,
at the election held on March 15, Inc., and Hornblower & Weeks,
have been sold as 2^4s,2%sand3s. iointlv.
,Vi
Bonds Sold—The
THE COMMERCIAL & FINANCIAL
(1920)
.64
V:-
\
exceeding 5% interest, was favor¬
ably voted at the election held on
April 1. XX XXX///
XX/
UNITED STATES
Federal Public
D. C.)
Housing Authority (P. O. Washington,
Offered by Local Units—Sealed bids will
housing authorities
the purchase of a
$50,087,000 temporary loan notes; of which $25,260,000 will
Temporary Loan Notes
received by thirty- local
"^^otal
of
be offered
described
April 8, and the remainder on
on
Bond Sale—The $15,000 2%
The notes are
April 29.
List No. 1—Bid Opening
and maturing as indicated)
Maturity
Amount
Local Authority
Burlington, N.J
May
'ooa
—~
—
May
388,000
6d9,000
408,000
——
May
May
May
JSJ'222
Lakeland, Fla
——
2,255,000
—
Upland, Cal.
Mesa, Ariz.
*,
Los Angeles, Cal. 2
Hamtramck, Mich.
May
May
325,000
-
Brownwood, Tex.
Miss.
May
571,000
—
Moline, 111
Greenville, S. C.
Houston, Tex.
Nov.
I>^,000
Montgomery County, Pa.
Camden, N. J.
—
1948
April
May
4,
May
4, 1948
Atlantic City, N.
J.--
,
-
—
-
——
i
Sacramento County, Cal.~-——
Selma, Ala.
Southwest Ga.
Superior, Wis.
433,000
,
494,000
456,000
—-
(Thomas ville)—
\
614,000
180,000
--
...
Tarrant, Ala.
—-—
Woonsocket, R. I
1,358,000
—
The
March
25—v.
awarded
new
<plan of bidding is prescribed for
the issues of notes for Holyoke,
MASS-5-2, Buffalo, NY-2-4, Cam¬
den, NJ-10-2, Houston, TEX-5-7,
Los Angeles, CAL-4-2 to 4-8, in¬
clusive, and CAL-4-9, 10.
For
-these issues, the Notices of Sale
Will include the form of proposal
to
be used in
the
submitting bids for
Said
notes.
Notices of
Sale
Will
provide that proposals may
be for all or any part of each
series of notes and separate pro¬
issued in
a
above
in
the
issues of notes
will be sold under the old form of
which has
bidding
in
been
use
fers to
of¬
purchase in his proposal.
Said notes will be awarded at the
lowest net interest cost to the is¬
under such bid
suer
in
the
computing
such
or bids, and
interest cost
issuer will take
eration
any
into
consid¬
premium which
interest will be
accrued
tertained.
If
be
to
in
used
bids for the
if
any,
a
offered in such
posal will be pro-rated
and
pro¬
said
notes will be issued in denomina¬
tions
specified
provided, that
in
one
such
note
proposal;
may
Bank
Treasury
tained
as
in
that heretofore
less
for
than
the
full
amount
of each series of tempo¬
loan notes.
The Notice of
Sale for the Mississippi Regional
Housing Authority No. 1
will,
however, include the form of pro¬
posal and the bond counsel will
be designated and the fees of such
bond counsel paid by the issuer.
offered
under
on
List II will be
the
new
plan
of
bidding.
'-Savings
Chi¬
WASHINGTON
Treasurer will receive sealed bids
10
a.m.
April 24, for the
on
purchase of $145,000 construction
bonds, authorized at the election
held
on
Dec. 15, 1945.
treasury
bills
Dated
0.404%.
hall
at
was
awarded to
Stein, of Seattle, as 2.05s,
price of par.
The State en¬
a
the
next
best
for 2.15s.
par
Bram-
&
tered
.
New
$347,000 construction and
equipment bonds, not exceeding
interest, will be submitted
2y2%
held in the
near
an
election to be
future.
WISCONSIN
Crawford County (P. O. Prairie
due Chien), Wis.
000 .county
50,716,910,278
1,132,031,775
indebtedness
of
12,148,500,000
12,789,321,000
interest-bearing
offered
savings stamps
profits
sale
at
&
Demand
of
100.201,
Balance
•"
134,840,512
C.C.C
7,157,750
outstanding
amount
of
Reconcilement
*
260,697,732,690
obligations issuable under above authority—
with
Statement
of
the
Public Debt,
Feb,
$14,302,267,310
28,
1947
(Daily Statement of the United States Treasury, March 3, 1947)
Total
Feb. 28.
debt
Guaranteed obligations not owned by the Treasury
a
gross
Total
:•
1S47—
public
-
$261,418,229,878
v
187,711,998
public debt and guaranteed obligations—i
$261,605,941,876
Deduct—Other outstanding public debt obligations not subject to debt
facilities
gross
908,209,186
limitation
$260,697,732,690
facilities
from
1958
Short Positions
to
on
N. Y. Curb
on
March 14
;
'
The steadily rising .trend experienced since last September in
f.
bid
Co.,
was
offer
an
by
and
Sold
It
is
aggregating
headed
and
by
the
that
of
about
follows:
a
$10,000,000
as
refunding
dated
X
with
the
on
the New York
monthly
figure
The total short position at March
for
14 was
2%s. All
April
as
are
1,
83,022 shares, its lowest point since May, 1945.
'
The
;
-
„
"A short position of 5,000 shares or more was reported in five
854 stock issues traded
of the
on
the Curb Exchange
on
March
14,
compared with eight issues on Feb. 15, 1947. A short position existed
in
202
of
the
stock issues
Curb
on
March
15
against 209 issues
a
month earlier."
The report
net
2.62%, di¬
2s, and $15,000,000
bonds,
of
Young,
Co., of Toronto, at
19.
in stocks traded
reversed
Curb's advices further states:
a syn¬
Bank
McLeod,
been
Feb. 15, 1947. Last September the Curb short positipn
on
reached
had
$25,000,000,
purchased recently by
has
March
issued
March
reported
stated
,
Exchange
125,037 shares, a decrease of 41,399 shares from the total of 166,436
(
(Province of) /
—
Curb
McLeod,
short position
mid-month
the
Mills,
Young, Weir & Co., jointly.
interest cost
total
face
Outstanding,
,
submitted
&
as
obligations:
Due from 1953 to
Due
best
99.553,
vided
i '-
45,713,736
interest-ceased
Grand
31
1957, incl.
.
225,000 3% hospital facilities de¬
Weir &
F.H.A.
180,554,248
awarded
hospital
debentures.
Montreal,
f
obligations (not held by Treasury)__
$500,000,
1952, inclusive.
140,000 2%% hospital
dicate
260,510,020,692
Matured,
Burns, of Van¬
price
a
2V2%
bond s"
407,035,000
1,782,000,000
Fund series
Interest-bearing:
f
debentures. Due from 1948 to
were
Development series—
2,287,256,107
basis of about 2.87:
Spence
24,241,534
States:
Total
27, 1947.
March
on
1508—were
McMahon
Second
the United
Inlern't'l Monetary
jointly to the Bank of Montreal,
of
bonds
Internat'l Bank for Reconstruc.
COLUMBIA
aggregating
p.
$135,000
73,979,573
refund
tax
Sale—The following
for
165,
v.
275,095,182
interest:
Special notes of
1947-
28,
257,947,669,403
interest-ceased
no
and
$900,- 1947, and maturing from April 1,
Interest payable
highway bonds, not. 1964 to 1967.
Bonds Yoted—An issue of
value)
24,937,821,000 *
Total
Sch. Dist. Hydro-Electric Power
Commission
Va.
119,322,892,950
redemp.
$187,711,998
debentures
Bonds
of
to the voters at
'
346,401,000
Debentures:
ONTARIO
(P. O. Kingwood), W.
28,7*3,567,000
15,660,352,400
_
Treasury notes
Westminster, B. C.
Debenture
Bond Election Planned—An is¬
sue
March
BRITISH
\
Preston County, County
...
•
on
bid, offering
WEST VIRGINIA
$275,000,000,000
amended:
171,518,236,003
v
sold
was
due June
are
Ontario
\
as
Special Funds—
Guaranteed
These bills
Bond Sale—The issue of
March 31
notes
Certificates
March 27, at an average yield of
1965, incl.
$50,000
obligation bonds offered
any
$17,047,673,000
Armed Forces leave
Bills Sold—An issue of $75,000,-
.
000
Wenatchee, Wash.
general
redemption value of
1947—
Depository
War
Canada (Dominion of)
bentures.
be
ex¬
time.
one
<
,
_
,,:r. ■"•.*,
(current
Excess
couver,
County School District No.
214 (P. O. Chehalis), Wash.
Bond
Offering — The County
until
current
any
Bonds—
CANADA
and
Lewis
principal
-
indebtedness
of
Treasury
bidding was Paine, Webber,
Jackson & Curtis, offering 104.895.
rary
All the issues
to
as
$61,491,612,400
24—
of
amended, provides
as
in the
submitting
notes but will be
form
same
en¬
part of the
notes bid for in a proposal are
awarded by the issuer, the premi¬
um,
only
Certificates
and the Wisconsin Co., of
Milwaukee, as 2s, at a price of
104.90, a basis of about 1.01%.
Dated April 1, 1947.
Due $30,000
from April 1, 1948 to 1957, incl.
Interest payable A-O.
Runner-up
of said notes or for less than par
and
National
covering
(except such guaranteed obligations
the
Treasury bills
cago,
will not include the form of pro¬
any
bidder offers to pay.
No bid for
less than $50,000 principal amount
March
on
7
discount basis which is redeemable prior to
a
1
Interest-bearing:
Bearing
used by issuers and will provide
that no proposal will be enter¬
bidder
of
Matured,
part of said notes for which a
separate interest rate is bid. The
issuer reserves the right to award
to any bidder all or any part of
such
First
Mississippi
Regional Housing Authority No. 1)
posal
Act,
face amount that may be outstanding at
any one time-—-
all such issues (except
the
notes which
Total
1508—were awarded to
p.
March
$275,000,000,000 outstanding at
4
limitation:
heretofore. The Notice of Sale for
posals will be required for each
the
public auction
of
obligations issued under authority of that
Series H-5 bonds offered for sale
series of notes.
one
announcement
following table shows the face amount of obligations outr
standing and the face amount .which can still be/ issued under this
Outagamie County (P. O.
Appleton), Wis.
$300,000 Coun¬
Home
and
Sevile
Hospital,
165,
of
The
Bond Sale—The
smaller denomination
remaining
on
Outstanding Feb. 23,
at
issue
our
/j
Obligations issued under Second Liberty Bond Act,
ty
in
maturity at the option of the holder shall be considered at its face
the bonds.
specified, ' The
Notice of Sale for Los Angeles
will differ slightly, as it will cover
The
purchase
of
$259,131,259,-
was
given
were
'
■
of this section
purposes
amount."
Securities Co., of
associated with the
named
31
be held by the Secretary of the Treasury), "shall not
may
For
Channer
was
amount
obligation issued
$5,000
The
the
two instead of
as
F-A.
otherwise
than is
as
from Feb. 1, 1948 to
bonds maturing in 1962 to
1965 being optional on and after
Aug.
1,
1947. Interest payable
$24,827,000
Plan of Bidding —A
figures follows:
ceed in the aggregate
1965;
Chicago,
Jan.
and interest by the United States
l%s, at a price of 100.977, a basis
of about 1.57%. Dated Feb. 1,1947.
Due
of
Act, and the face amount of obligations guaranteed
sale
Curtis, of Chicago,
figures
Section 21 of the Second Liberty Bond
165, p. 1508
Paine, Webber,
to
v.
New
31, 1947 the statutory debt outstanding
detailed
the Feb. 28
Wis.
$90,000 water
bonds offered for
Jackson &
Maturity
May 25, 1948
May 25, 1948
May 25, 1948
May 25, 1948
May 25, 1948
May 25, 1948
May 25, 1948
May 25, 1948
May 25, 1948
May 25, 1948
May 25, 1948
May 25, 1948
May 25, 1948
May 25, 1948
May 25, 1948
2,242,000
Denver, Colo. (City & County)
1,332,000
Dothan, Ala.
351,000
Hartford, Conn.
4,358,000
Johnstown, Pa.
1,086,000
Los Angeles Co., Cal
5,860,000
Pittsburgh, Pa.—4,937,000
Sacramento, Cal. (City)
1,014.000
Dallas, Tex.
Sale
sewer
on
Amount
$112,000
The
March 13, 1947, page 1438.
The Treasury Department
Due March 15, as
Niagara,
Bond
April 29, 1947
dated May 20, 1947 and maturing as indicated)
Local Authority
On Jan.
147.
1945.
15,
$275,000,000,000
In another table in the
of Feb. 28, 1947 amounted to $260,697,732,690.
as
that the-face
List No. 2—Bid Opening
(Notes
March
subject to the
Thus the grand total of public debt obligations outstand¬
limitation).
ing
Treasurer's office.
were
5;
De
local
to
awarded
be issued
may
report, the Treasury indicates that from total gross public debt and
guaranteed obligations of $261,605,941,876 should be deducted $908,209,186 (outstanding public debt obligations not subject to debt
highest
follows: $4,000 from 1948 to 1954
incl., and $2,000 in 1955. Principal
interest
payable
at
the
Town
$25,260,000
V
were
Dated
3
Denom. $1,000.
and
/
next
obligations which
statutory debt limitation at $14,302,267,310.
Sale—The
banks.
1948
439,000
The
of
the
price
the State Bank of
monthly
Liberty Bond Act (as amended) outstanding on
1947 totaled $260,697,732,690, thus leaving the face amount
Feb. 28,
due in
are
March 7, its
on
Second
the
under
price of 104.30.
a
1948
1,313,000
Regional No. 1 (Tupelo)
an¬
Modena, Wis.
$30,000 high¬
improvements bonds offered
way
1948
i:
May
1957.
Bond
1948
1948
1948
1948
1948
These bonds
was
Pere, at
1948
1948
May
to
bidder
4, 1948
May
337,000
216,000
X 13*993,000
of 104.33.
1948
1947
1948
4,
25,
4,
4,
4,
4,
4,
4,
4,
4,
May
Holyoke, Mass.
Buffalo, N.'Y.'
to
awarded
Bank of West De Pere, at a
of Feb. 28,1947
as
Department made public
report showing that the face amount of public debt obligations issued
March 25—v. 165,
on
1644—were
p.
April 8, 1947
1
(Notes dated April 29, 1947
The Treasury
nual, general obligation bonds of¬
fered for sale
Monday, April 7, 1947
Statutory Debt Limitation
De Pere, Wis.
follows:
as
CHRONICLE
follows:
Short Position Short Position
.
Security—
Cities
Cleveland
Mar. 14, '47
>
Service
Co.,
E'ec.
common—
Hum.
Co.
(The).
8.193
common—13,805
Pan American Airways Corp., warrants--.31,f>50
Selected Industries, Inc., common
— • ;
5,400
Kaiser-Frazer
Total
short
Total short
Feb. 15, '47
position.-(stocks)--—-—-*.125.037
(bonds)——-—] .rNone
Decrease
505
'.--,595
7,598
14,205
Corp.,
position
Increase
7,610
7,105
31,450
/ r
1
400
200
5,400
.
M66.436
v
8
41,399
8
@FedFRASER