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AUG 1 « WW
IS.
ADM.
BRARY
MONDAY
Reg. IT. S. Pat. Office
New
Number 4411
Volume 162
General/
RAILROAD
Period Ended June 30,
Consolidated net
'Profit
Federal
of
——
-$271,004
$247,244
taxes__j_w__^_.i___---_ ■/-
Federal
after
In the
tion
taxes—
Income
Profit
opinion of management no provisions for refund on renegotia¬
war
contracts or for Federal excess profits tax for 1945 are
necessary.—V.
162,
the
period
same
for
passengers
and
in
passengers
As
to
compared
the
directors
The
the
on
June
$10,
par
The
of
this year.
//-v.■ //
Orders 20 More DC-6
1 announced that
dividend
current
to
equivalent
is
$1.20
share
per
Net
profit
April 30—
'
1945
$892,261
,
'
-——
_
.
1944
.
;
-
'
•
(approximately $1,450,000) plus earnings and other items
the working capital and asset position of the corporation.
A
of
summary
balance
sheet items as of April 30,
improved
1945 follows:
-Working capital$3,508,109
'Excess profits tax rebate,
530,321
Plant «nd equipment, emergency facilities, net—!
683,530
$4,721,960
total
Sub
Plant
and
Other
assets
net
179,991
other liabilities-^.—
less
Indicated
204,432
regular facilities, net
equipment,
value.
book
*$5,106,383
_________—_______
♦Represented by preferred stock (outstanding 150,000 shares, $1,500,000;
common
stock
(outstanding 714,919 shares), $608,340; paid-in
surplus, $513,832; earned surplus, $2,484,212/
War
Orders
.
'
1*
,//;
.,
_
' /
plus
Feb.
On
1,
months.
v'
*
Feb, 1, 1945 backlog of orders totaled approximately
$1,400,000.
On July 14. 1945 miscellaneous Navy orders scheduled for
production in the calendar year 1945 totaled approximately $5,762,000.
In addition to this amount other business was recently received from
of
Navy—As
the
Navy.
scheduled
the
group
1945.
Boston Stock
Naval
of
orders
development and pre-pro¬
involving
contracts, amounting to $1,180,000, relate to units
equipment modernization program.
Following
completion of the development contracts, the first of which is
(or completion in February, the balance by July,
1946, the
developed are to be put into production.
Company is plan¬
devices
and present indications are that
when production gets underway all of its present facilities available
for
such business
will be utilized.
However, this Naval project is
subject to change and it is not represented that company will finally
these
manufacture
units
complete its presently indicated part of the program.—V. 162, p. 449.
Period End. June 30—
Co.
$
Fed.
taxes.,,—
and
income
profits
'
'
10,300,000
Net
income
Est. post-war refund, Cr
Exchange
—
—
Toronto
Stock Exchange
__
Toronto Stock Exchange—Curb
Stock
Montreal
—
♦The
in
of
Declared
Dividends
and
and
712
Unfilled orders
2,338,528
3,950,946
Car
and
$1.17
$1.89
$2.18
totaled $154,839,058. as com¬
pared with $304,056,713 June 30, 1944, and $281,148,014 June 30, 1943.
—V.
161, p. 2213. '
'/.;//
.
,,,/'/:w//
.
at
Sell.,
American Airlines, Inc.—June a Record Month—
&
Foundry
for
Guardia Field by any
airline since Pearl Harbor were shattered in June by this corporation,
it was announced recently by T. P. Gould, District Traffic Manager.
Averaging
carried
out
of La
a
thousand passengers a
only a few thousand, less
carried by any company since
/
/
people,
ever
opened.
.
During the first
138,258
carried
than
more
30,202
monthly 'total
was
passengers
passengers
day,
the
airline
than the highest
La Guardia Field
■■/■
/
six months
from
the
of the year, American Airlines carried
New York airport, an increase of 63%
the
official
results
of
161,
p.
have
rates
'
.
.;!;;■////i//'//;/
./•'•• ././
•...
•••;"■'v
lack
162, p.
450.
prof,
from
(& Subs.)
sales
-Earnings-
1944
1945
$5,584,158
1943
1942
$5,973,409
$5,960,550
-
$6,988,211
distributing
admin,
fr.
income
expenses.
2,571,940
2,698,774
2,583,402
2,916,070
operations
$3,012,219
$4,289,437
$3,390,007
$3,044,480
(net)_;
8,680
5,449
6,342
10,325
$3,020,899
tEst, income taxes
$4,294,887
$3,396,349
$3,054,805
added
American
'
60.
DC-6
will
be
abie
to carry 56
•
(no
par)
Earnings
♦After
and
per
tl,819,399
tl,705,918
$1,406,709
$1,541,774
$1,576,950
.1,082,063
1,083,063
1,082,062
$1,348,887
: 649,237
✓
432,825
share—$3.25
deducting
credit of $40,343
.
432,825
$3.56
cost of materials,
tlncluding excess
-
432,825
$3.64
j :
v
"f 432,825
/
$3.12
labor, manufacturing :expenses
profits tax.
tAfter ;post-war
in 1945, $177,722 in 1944, and $94,833 in 1943.
Consolidated
Balance
Sheet, June 30, 1915
hand, $4,042,231," marketable securi¬
value, $101,240), $101,250; accounts receivable, trade (Jess
Assets—Cash
ties (market
in
banks
and
on
Banks, Corporations and Individuals have
us an effective market place for large or
RAILS
i.
f
_________
depreciation,
passengers,
ELECTRONICS
'/.,///,-
profit
109,903
t2,595,867
.
will have a cruising
speed of over five miles per minute, and has been described as the
fastest transport available here or abroad for the immediate post-war
era.
With a non-stop cruising range of 2,715 miles, it will fly coast-toThe
Net
47,342
84,483
Dividends paid ________
Shares
common
stock
,
Airlines is. operating 86 Douglas air transports
of the DC-3 type. /
/'.// />;/ '■"■ /•■/ /"•■'
'
/"' •
The present schedule calls for the first DC-6 to fly in March, 1946.
With favorable progress of the war, delivery to American Airlines may
begin within six -months thereafter.
In addition to the 30 planes of
this
type ordered, American has an option with Douglas for an
Currently
93,943
tl,435,764
found;
small
SECURITIES
readily marketable.
BLOCKS of
INDUSTRIALS
which
are not
DEPARTMENT
'
Kobbe, Gearhart & Company
4LLEN
&
COMPANY
Members
45
Telephone:
STREET
HAnover 2-2600
NEW YORK 4,
Bell Teletype:
N. Y.
NY 1-573
INQUIRIES INVITED
i
,
INCORPORATED
New
York
Security Dealers Association
Established 3922
80 BROAD
ex¬
1990.
Appointed
Co.- -Williams
Co.
Post-war ,contingencies_
Prov. for gen. reserves.
and 30 of the DC-6 type, all of whicn are expected to be
domestic flight schedules as soon as the progress
of the Japanese war will permit large-scale production.
This total
of 75 new air transports represents an investment of $41,000,000, the
announcement said.
/ •/
for regular
Municipal Bonds
C
been
of
operations of
be in
the DC-4 type
SPECIALIST IN
FLORIDA & NEW JERSEY
MUNICIPAL
at
direct supervision of sales, subsidiary com¬
representatives of American Car & Foundry
will
available
•
records
subsidiaries
foreign
present,
and
adv.,
Earns.
,
All
the
of
American Car & Foundry Export Co.
Williams as Executive Vice-President and as a
is also Vice-President in charge of sales of
A.
foreign
Mexico.—V.
♦Gross
712
4,128,221
$0.94
hand June 30, 1945,
on
of
statements
Foundry
6 Mos. End. June 30—
System.,.-
Reserve
Federal
&
American Chicle Co.
712
Banks
*$617,303
with production curtailed due to scarcity of raw
of shipping space, ACF is supplying many spare
parts to keep the railroads of Central and South America in operation,
and freight
cars
are
being built for Cuba, Costa Rica, Colombia,
Ecuador, Peru and Brazil.
Recent shipments include 75 box cars for
the Antioquia Ry.
of Colombia, while large orders are on hand for
the Paulista Ry.
of Brazil, and for railroads in Chile and Ecuador
Statement of Member Bank of
Condition
R.
Williams
Even
712
Rates
Combined Condition Statement of Federal
109,072
$503,746
Williams
Export Co.
709
Foreign Exchange
87,000
*$652,641
directors
of
Mr.
materials
711
Payable.—
101,766
$572,453
.
opeprations
Car
elected
Mr,
---
22,200
1,373,606
subsidiary for the month of June.—V.
board
The
panies,
The Course of Bank Clearings
1,408,333
1,053,000
// 86,000
consolidated
the
recently
665
Calls and
1,061,000
22,233
The above figures do not include the
American
721
Notices
91,200
taxes..
results
American
Redemption
$2,029,964
59,238
•
Official of Export Unit—
Misce I la neous Featii res
Investment News
SalesSinking Fund
$1,536,984
89,230
21,406
and
.
director.
General Corporation and
$2,035,944
60,698
income
the British
691
State and City Bond Offerings and
123,252
______
profit
change.
708
691
691
Averages
Bond
and
Stocjk
Exchange—
Curb Exchange—
York
Transactions New
Net
included
—-
Over-the-Counter Markets
Transactions New York Stock
704
706
706
-/-/ 707
Exchange-——
Exchange
Curb
Montreal
Section—
'
73,934
______
subs.
foreign
profits
excess
'04
32,369
165,528
17,800,000
1,971.364
share—
per com.
$1,972,416
57,548
subs.
Net prof. bef. inc. tax
Earns,
$1,392,326
deductions
for
Other
12,880,000
161,296
$1,962,010
Consol'ted
$2,133,712
$1,600,151
foreign
div.,
Prov.
excess
taxes
132,711
income
Total
Pfd.
and
7,751,364
161,913
'
from
Other
$
$
$1,525,037
.
704
Div,
97,741,503 169,775,312 176,745,548
12,638,528
16,830,946
21,928,221
87,464,092
Company
$2,123,923
Miscellaneous income..-.
1945—6 Mos.—1944
5,780,000
______________
btiore
Subs.)—Earns.
(&
1945—3 Mos.—1944
$
Profit
Balance
Consol'ted
$1,402,254
Depreciation
Exchange
Stock
-1944-
1945
$1,529,147
126,893
> 702
702
Cleveland Stock Exchange_________702
Detroit Stock Exchange
703
Los Angeles Stock Exchange
703
Philadelphia Stock Exchange
704
Pittsburgh
Co.—Earnings-
•—
Company
Exchange
Stock
Cincinnati
Reserve
Allis-Chalmers Manufacturing
Billings
——i-f-
Exchange
Stock
Chicago
scheduled
to
Stock Exchange
Baltimore
The production thus scheduled runs through
electronic
Naval
ning
_______
ancfthe Naval Air Transport Service.—V. 162, p. 449.
Earnings
orders covering an expendable electronic device are
production in August and to reach a monthly rate of
duction engineering
a
New
System,
Army
6 Mos. End. June 30—
Two
for
$1,500,000 late in
February, 1946.
Another
___—
St. Louis Stock Exchange
cancellations have depleted the backlog of
19cancellationsooeleIspluavhepetes—rgdevDiiteel
orders.
On Feb. 1, 1945 such backlogs stood at $10,950,000.
By July
14 the figure was $4,720,000, all of which is subject to cancellation
and the bulk of which is scheduled for delivery within the next few
Army—Deliveries
orders.
New
the
American Bank Note
681
692
696
701
701
(Stocks)______
York Stock Exchange (Bonds)
York Curb Exchange
Exchange
New York Stock
Command
Page
March,
tive
for
Issue
Stock and Bond Quotations/
$1,064,041
last, corporation sold 150,000 shares of 60 cent cumula¬
convertible preferred stock.
The net proceeds of this financing
In
This
In
Corp.—Earnings—
Aireon Manufacturing
•
it has just placed orders
of
old
the
on
Flight Record—
Airlines,
Export
for
carriers
Douglas
transports
&
embracing American Airlines, Inc., and
Inc., disclosed on July 30 that as contract
Air Transport Command, the two companies
jointly-had shattered ail records for military flight operations across
the Atlantic during the month of June.
The two airlines flew a grand
total of 2,208,400 route miles in transatlantic operations.
<
The big four-engine Douglas C-54s,
prototypes of the giant DC-4
and DC-6 planes which will be flown in commercial operations after the
war. made 562 transocean crossings in June.
Two records were set by
American
Airlines
which
made
234
departures
from
LaGuardia,
breaking all previous records.
Its June total of 465 crossings also
establishes
a
new
record for
any domestic
carrier operating under
contract to the Air Transport Command.
Recently the Civil Aeronautics Board approved acquisition of Amer¬
ican Export Airlines by American Airlines.
American Export Airlines
has been operating as a transocean carrier since 1942 in commercial
service and also as a contract carrier for the Army Air Transport
American
"
Transports—
Pratt
Airlines
American
:
/■
.
,
44-passenger and
a
a
engines.
Wasp
Sets Atlantic
par
Year Ended
-
maintain
express'
Aircraft Co. for 20 additional four-engine Douglas air
the DC-6 type.
/•
'
;
.-i:
Previously American Airlines announced orders for 25 transports of
with
value stock which was outstanding prior to the 3-for-l stock
split-up.
A quarterly payment of 75 cents per share was made on
the old $25 par stock on March 12, 1945.—V. 162, p. 449.
,
-
air
year,
last.
12,
•
$25
last
"
/
/
cargo flagship, will be driven by four
Whitney Wasp engines by which it will
speed of four miles per minute.
The DC-4
A distribution of 30 cents per
Aug. 22.
on
a dividend of 40 cents per share
payable Sept. 12 to holders of record
share was made on this issue
7 declared
Aug.
on
stock,
capital
f :
Larger Cash Dividend—
Acme Steel Co.—Declares
of
months
six
first
will
DC-6
The
Whitney
&
Chicago and New York in two hours
be powered by 2,100-horsepower
and between
hours
8V2
minutes.
40
1,450-horsepower
poundage increased. 15%
and air mail poundage 50%. There were
921,600 pounds of airfreight carried by the airline the first six months
American Airlines on" Aug
i
in
Pratt
129.
p.
coast
last
MISCELLANEOUS
•
figures
$7,304,015 $12,732,107
446,244
484,005
199,000 r
213,001
sales___-^r„-;_—
taxes_^_l.^_\_^-__-—__
Federal
before
INSURANCE
-
Traffic
6 Months
3 Months
1945—''*'/'//.
INDUSTRIAL
-
year.
The airline practically doubled its
flown to New England with a 99% -increase.
carried to Chicago and intermediate points
showed a 49% increase and there was a 33%
increase in passengers
•on
the line's southern transcontinental route.:
*//', //' t ,
over
ACF-Brill Motors Co.—Earnings-
r
■i
Copy
a
Corporalioitf and Investment News
PUBLIC UTILITY
-
Price 60 Cents
York, N. Y., Monday, August 13, 1945
Telephone
REctor 2-3600
NASSAU
-
STREET, NEW YORK 5
Philadelphia Telephone
Enterprise 6015
HILL, THOMPSON
120
& CO., INC.
Broadway, New York 5, N. Y.
Bell Teletype
New York 1-576
HUM
v$%ii-|(&/^-W>^uVlM^4%^i
if'i^W^.-'VW^iv'V
THE COMMERCIAL & FINANCIAL CHRONICLE
666
Monday, August; 13,194#
reserve
of $182,202), $1,821,279; accounts
American-Marietta Co.—Further Expansion—
Anaconda Copper Mining:
receivable, other, $23,690;
Co. — Acquires Darwin
Inventories, $8,251,679; advances, chicle purchases, $2,794,024; invest¬
This
company,
it was announced on Aug. 9, has purchased the
"Group—
\
ments, $35,316; post-war credit, excess profits taxes, $783,639; fixed
t
Schorn Paint; Manufacturing Co. and Solastic Products Co. of Seattle,
The company has purchased the Darwin
assets (after reserves for depreciation of $4,631,865), $2,039,903; good¬
Group of mines in the Coso
thus extending its paint manufacturing facilities to the Pacific Coast.
District, Inyo County, Calif., and assume^ management of the prop¬
will, patents and trade-marks, $1; deferred charges, $552,434; total,
; V
The- Schorn company, which distributes its consumer paint products;
erty ion Aug. 1, 1945.
An exploration program to expand and develop
$20,445,446.
.\.-v.
' A
:""V,: '/'a;
,'77
through dealers and jobbers, was founded in 1928 and operates stores
ore possibilities of these mines will be
initiated, said the announcement, '!
Liabilities—Accounts payable, $386,188; bank loans, foreign countries,
in Seattle, Tacorna and Yakima.
The Solastic firm fndnufactures inwhich further added:
,.)•).
';h
;
$109,520; accruals, $993,384; income and excess profits taxes ($3,734,747 industrial and marinefinishes. \1.
'*•;>•'? /vvf
.7V r ,The District,vWhlch is '40 miles.,southeast .of Lone
-Pine, • Calif.,' has
less $1,OOO.OGO of U.'.S. Treasury tax notes-), $2,734,747;' general re¬
Lester B. Schorn, President, and Robert L, Shearer, Secretary, will
been a small intermittent producer of lead-silver-zinc =ores since
1870.^
continue in their present positions at Schorn as will RichardvE. Van
serves,
$458,533;
reserve
for
future inventory valuation declines,
The property was acquired from the
Signal Oil & Gas Co. and allied v
$748,920; reserve for post-war contingencies, $850,899; deferred credits,.;,
Horn, President1 of Solastic.
I. H. Johnson, Treasurer of Americaninterests.
It was equipped in 1940 with a flotation
concentrator, pro$22,840; common stock (437,500 shares, no par), $4,375,000; earned
Marietta, will serve as Treasurer of the two companies.
No major
5 educing...both lead and zinc concentrates, which contain ^ some gold and ";
-surplus, $10,231,438; reacquired common stock (4,675 shares, at cost),
changes in personnel of'policy will be made; a f
silver as well as the base metals.
Production in recent years, has been
The
American-Marietta
Dr$466,024; 'total,. $20,445,446.—V. 162, p. 562. A;.;JI'v^aAC
Co.,
which acquired
the Ottawa Paint
small.—V. 162. p. 451,
•
>,
N
f
.
,
.
Works, Ltd., Ottawa,: Canada, in May, and the Sewall Paint <fe Varnish
Co. in Kansas City and Dallas 12
months before, will new operate •
American Foreign Investing' Corp.—Semi-Annual Re¬
j
Anchor Ilocking: Glass, Corp; (& Subs.)—Earnirigs-^ <'
10 modern manufacturing plants.
Definite-plans have been made to
12 Mas'. End. June 30--.".'
port—•
" ' Aa"'
increase
1945
1944 " ' :• 1943 '
the
'<
production of all plants and construction is already
1942 " >
under way in "three of them.
> The asset value of the stock of the-corporation was $13.79 per
Net-profit, ffom opers.J " $6,363:837 ' $6,784,474
/;>\ •
T'A '77" 7 777,~ >vav:7'~7'
$7,439,569
$4,981,8^7 j':
Provis. for income and
Sales
for
the year,
share at the close of business on June 30, 1945, compared with $12.75 '*
on- -the basis nf. seven" months'
figures, will
exceed
excess profits taxes„
on Dec. 31,
4,573,969
$15,000,000,
according to Grover- M. Hermann,
President.— V
5,089,190
5,723,078
1944.
3,622,962"
•>' V.
161, p. 2437.
Income Statement, 6 Months Ended June SO, 1945
•-i
:
ii >
vV.V^"'V
'
..
.
,
....
■
|
);
•
—,—■
—•—
Net
—$40,067
earned and dividends received-
Income—Interest
Operating expenses
American Radiator &, Standard Sanitary Corp.—Earn.
16,728
——
its
(And
of income
Excess
Net
profit
$23,339
operating expenses,.
over
6 Mos. End. June 30—
184,421
sales of securities
from
Net
Federal
for
income
tax
Prov.
10.444
_—.—_—*—
before
taxes
:
$207,760
Provision
inc.
Net
profit
Dividends
$197,317
A 30,078
——-——■r
_
_____
—.
,
Balance
Sheet,
June
30,
Net
per
banks, $113,421; securities owned, $698,370; [accrued
Interest receivable, $4,828; miscellaneous accounts receivable, $22,027;
rfurniture and fixtures (less reserve for depreciation of $1,138), $542;
States)
$9,682,363
$7,657,523
7,083,000
in
7,390,000
5,268,000
$2,256,065
sh£_
$2,292,363
$0.21
$0.21
accounts payable and accrued expenses,
$2,496; accrued taxes—general,
$1,001; accrued Federal income taxes,
$13,147;
reserve
for Federal
income tax
on
unrealized
appreciation of securities owned, $7,900;
common
stock,
$5,888;
capital
surplus,
$470,336;
earned
surplus,
$179,301; excess of market or fair value over cost of securities owned,
■
total, $839,746.—V. 161,
r.f.
■
''
2213.
p.
tnV-
.
V
..».•?
;
M.
X
:
.
the
E
status
D,
the
of
other local
<\V»y
;; "V'.:U
.
;f.!.
•; ■}
but
V
Aug.
on
Fed.
12 Months Ended June 30—
'
•
,v„
,
Gas
operating revenues
1945
„
electricity purchased for resaleOperation
__
Federal-
3,816,966
Federal
and
income
Other
income
income
Gross
$6,675,038
Income
deductions
American
State,
from
other
investments
expenses-
local
and
$1,574,116
:313,565
miscellaneous
Federal income taxes
Federal
taxes.
62,269
1__
>
Consolidated
Dividend
—
I
—
net .income
requirements
on
preferred stock—
804,486
—*V.
162, p.
as
(Incl.
Period
Net
Cost
of
sales
Gross
Selling
United
-———
&
prec,
Gen,
Profit of
End. June 30—
sales
it
(incl.
become
sales
on
income
,
;i-..'
Total
Other
Res.
Net
inc.
566,474
221,348
$539,060
40,002
$297,264
$1,005,547
$579,062
$1,550,762
28,034
26,709
743,400
65,665
.i
311,000
$112,333
$235,438
$372,795
346,250
273,800
346,250
273,800
$0.32
___
$0.86
$0.58
$1.36
161, p. 2437.
American Metal Co., Ltd.-Earnings—$1,452,702
...
Net
Adm.
iftc-eme
Ac
Pay.
———
gen.
under
for
Plans
Prov. for U. S. &
taxes—.
of
and
51,479
100,361
102,120
204,008
440,775
-
••
'
Mr.
594,722
444,191
about
3,291
invest,
146,576
1,926
and
write-jdewn of real est.
for conting. res—
136,576
125,657
174,372
309,972
for the
net
period
297,350
$483,540
$598,851
$.954,796
1,353
iu^. of consol. subs.
$482,187
share—
/Profits tax.—V. 161,
V
:♦
'Av.v-
••
•
...
a
2,462
$0.31
p.
$950,713
$1,045,860
$0.61
$0.69
$0.41
or
2550.'
is
believed
to
be
required
for
;
r
v
'
7
:
•
■>
.
;
•
•
■
■'
panies
made
162,
;<
$119,087
23,500
discount
133,210
■
286,405
:
$339,689
!'
18,619
[
44,633
$371,155
$384,322
94,000
94,151
1,493
1,493
8,460
6,518
23,499
-
'
-
-
373
_£
Y
v
373
2,467
...
-
-
1,941
r
--
.
161
318
5,717
3.096
$68,639
$92,954
$261,484
$279,063
563.
p.
;
:.7:
4
Co»—Earningsr~
1945—Month—1944
expenses
682,177
Other
taxes
in-
of
8,455,330
271,581
1,361,993
96,059
1,071,478
;
909,842
937,426
"
7"'"——■■
1,739,322
.
Property retirement
serve
•
operat.
Rent
for
86,951
revenues
lease
of
1
^
■:7;~—r
re-
appropriation..
Net
•
7,734,084
-
taxes
come
.681,868
;
-
97,562
.
lieu
in
1945—12 Mos.—1944
$1,491,758 $16,931,826 $15*426,423
.
271,174
taxes
Charges
120,000
863,889
$300,389
.
$322,250
$3,439,814
1,488,'OQO'
$4,357,069
plant
15,750
28,750
111,000
228)759
Operating income
Other income (net)
$284,639
$293,500
$3,328,814
$4,128,319
2,230
816
Gross Income
$286,869
$294,316
(net)
_
-
Interest, etc., charges—
7
74,626
163,670
182,575
$3,492,484
$4,310,895
1,015,637
3,035,342
:
.144,143
.
"
Misc.
of
reserv.
net
Balance,
■■■
inc.
13,000
applicable
to
preferred
$150,173
'
■
162,
p.
-7./
;
942,889
$332,664
:
■
242.
(The) Aro Equipment Corp^—Earnings—6 Months Ended
May 31—
'
"
Net
profit
*After
:
The
_—
Federal
T944,
with
Earned
of
taxes
sheet
$6,267,881
$7,234,697
surplus
'
$732,329.
balance
of
assets
.compared
273,000
—
company's
current
1944
$6,832,436
*244,110
-
sales
•
;
1945
$6,654,332
Net
[
$1,275,553
608,609
$1,489,238
'
-V.
$2,097,847
stocks..
Balance
backlog <of
for
379,000
;"
$199,243 77
^
Dividends
installing
for
about
additional
10,000
T
and
and
amounted
of
as
total
May
'
31,
current
'
1
1945,
i
,
.
showed
liabilities
of
$5,650,546, respectively,
to $1,058,741.—V. 162,
total
$3,753,679,
at
May
31,
- >
242.
p.
Period—
Sales by
granted for installation of an experimental radiP
the
"If
high
as
demand
for
net
additional
tele-
as
to
for
was
—V.
firm
maintain
to
number
a
of
President of Memphis
been
elected
President
Natural
of
American
P.
W.
of
years
Chapman
i
einded
his
be
in
office.—V.
York
New
Vice-President of the invest¬
Co.
Chicago,
p. 451.
162,
Power
week
output
ending
3.41%
of
the
Aug.
the
over
electric
properties of
totaled 87,845,000
1944.—V.
1945
4,
output
162,
of 84,945,000
directors
of
Aug.
on
accumulations
t$100, payable Sept.
8
declared
on
the
to holders of
12
$2 each were made on this issue
ments
in
8
1944
were
as
and Dec. 13,
7%
Aug.
follows:
on
$4 each.—V.
company
kwh.,
he
Net
record
Aug.
15
17
'
:
<
an,
for
the
increase
exps.
];
; 1
<,
3'
t
Co.—Weekly Output—
Gas
&
Gas
Electric
&
Electric
135,965,180
to
Corp. report that the
Group for the week
kwh.,
Gross
•Int.
$149,349-
1945—12 Mos.—1944
$1,794,027
$1,704,000
134,027
118,221
1,406,255
1,319,281
______
$19,981
$31,128
$387,772
$384,719
367
507
4,966
inc._
$20,348
$31,635
deducts.
A; 15,407
'__
other
$4,941
•
_____
corporate
and
(& Subs.)—Earnings
1945—Month—1944
$154,008
taxes.
and
income
oper.
Net
income
■Preferred
'
19,466
$392,738 '
17,911
245,609
$13,724
:>,
$404,185
261,883
$147,129
and
and
of
$4
Balance
—V.
162,
$142,30?
23.
par
14
15, last.
$2
Pay¬
each, and
)
■■t. -x
■
{, (•:. vi t t.rcT'J-i
$4,706
$13,480
2,881
2,955
41,250
16,509
$102,998
$122,84.1
130.
Greyhound Corp.—Would Increase Dividend =*
Preferred—
a
subsidiary of the Greyhound Co. on Aug. 7
authority of the Interstate Commerce Commission to amend
application of June 14, 1945, for permission to issue 17,000 shares
corporation,
of
cumulative
be
changed from 3%%
.4.The
the
preferred
company
securities
(,
■
244 f
,
asked
an
Distributions of
June
June
stock,
on
on
235
___
surplus
p.
Atlantic
The
":
per -share
preferred
dividends
dividends
of
2782.
p.
;
■
amounted
revenues
Non-oper. income
will
Pay $4 Dividend—
dividend
March
161,
1945,
Period End. June 30—
-Operating
Inc.—Output-r
this
cumulative
March
3,
Associated
the
563.v;/'-;:-/,,.;!.v
kwh. for the corresponding week
a
the Associated
Associated Public Utilities Corp.
Rate
The
-—
an
increase of
4,928,045 kwh., or 3.8%, over the corresponding week in 1944.—V. 162
.p.
562.
p.
of
output of
Common
American Water Works & Electric Co.,
,
\
,
&
will
headquarters
trustees
electric
;
26 Weeks Ended
July 29,'44
563.
p.
Associated Gas & Electric
Oper.
Gas
13 Weeks Ended
July 28,'45 July 29,'44
store cos. $23,655,845 $20,372,634 $49,486,756 $43,143 357
sub.
162,
The
>
which operates telephone, .water and gas com¬
Illinois, Missouri, West Virginia and Florida.
Johnson's
Mr.
was
has
1943,
Corp.,
Wisconsin,
banking
While
who
—-
July 28,'45
year
1935
in
Associated Dry Goods Corp.—Sales Higher—
:
route
dujring the next several years and plans have been
Johnson,
Johnson
ment
Sept.
'
$95,140
interest
i-.l
1
1,684,253
$352,537v"
29,093
$1,438,253
requests
*•
-
American Woolen Co., Inc.—To
4,083
.
$598,509
Note—No provision has been made
«xcess
In addition, there is
particularly 400,000
Utilities Service Corp.—New President—
Service
account
Total itet income^—
Earns, per com.
342
'2,185,643
-
$2 443,563
$89,994 V
16,920
*
expense
Federal
to sustain its
$1,048,321
propor. of
$78,220
income
(net)
debt
$3,043,518
\
revenues
that
of facilities.
continued:
be
per
L.
from
Utilities
v
101,057
208,831
363,800
Operating
as
that experienced in the last 10 years—
million per year-^expenditures for new construction of about
one
Birger
of
Net inc.
Minority ir:ts.'
be
preparing records of toll calls, and extension of services
vehicles, overseas radiotelephone service, etc.
American
3,890
1,606
will
will be necessary for that purpose alone,; and
any
additional growth resulting/rora a further; stepped-up national
economy will add to that huge amount."—V. 162, p. 562.
"•>
531,322
—
Prov.
construction
646,773
262,976
77,800
long term debtof
'
142,137'
Arkansas Power & Light
between Boston and New York.
Sullivan
continue
339,239
com¬
Z
Period End. June 30—
on
approvals
phones should
-
429,310
224,641
as
1945—12 Mos.—1944-
35H36
Operating
war
cable
toll
motor
Mr.
52,300
225,230
—V.
automatically
268,499
332,328
—
of
/
preferred "■•••
Tucker
474,782
Net income—
At the
years.
Other projects planned by the System include replacement of manual
equipment by dial equipment for local service; provision of equipment
for operator dialing on toll circuits; installation of additional aids for
/
$3,474,161
foreign
Depreciation
Depletion
Amortize
269,574
Mr.
33,056
.Other income deductions
V.
frankly
;*'!vrv
•
been
relay system
$2,403,475
1,070,685
$3,243,339
125,694
outstanding
to
go
Corp.—Earnings—
'
normally
the
have
made
Co.
$1,895,113
136,555
employees'
annuity plan———
Taxes,, other than inc.income
545,060
$1,766,087
etc.
exps.,
$2,698,279
820,243
Otthecr income ———313,385
expenditures for
that
few
very
a
1945—6 Mos.—1944
$1,074,876
and
will
548,929
;
inebme
on
,
customers' premises; strengthening (he long distance net¬
work, including provision for television and the use of radio facilities,
and extension and improvement of rural telephone service. -
•
1945—3 Mos.—1944
issued
Fed.
excess
operating
Amort.
also plans to replace 800,000 telephone sets of pre-war
would have been junked but which had been
emergency
and put back in service; improving
company
$300,000,000
Period Ended June 30—
Profit
within
dollars
Therefore it is vital to the System
service
which
to
$202,397
Int.
Announces
—
.
,
; equipment on
1,144,400
share
per
The
33,567
156,897
&
income
Gross
objective, the company proposes to install enough
office equipment, particularly dial, to restore pre¬
*-■
saved
29,372
—v
Net
;
local calls and't6 absorb' temporary peaks in
An increase of approximately one-third in the present circuit
is estimated to be needed to restore pre-war speed 'of toll
types,
$1,521,390
16,881
-j
89,000
than
income
Other
which is 50% higher than the highest year im¬
the war.
Just when this peak will be reached
fast manpower,
materials and manufacturing
him..
central
speed of
miles
$988,666
other
and
i
.
available."
second
its
mileage
304,617
$266,125
''■>]>■
'
delay, for all who wish it."
At the end of June the Bell
companies were holding 2,014,COO applications'for main tele¬
traffic.
364.048
179,446
taxes
outstanding
profit
—V.
225,499
102,671
31,139
income
profit
Shares
Net
2.99,774
$2,190,055
the
position,
service
8,658,910
$1,326,882
1944
:
$677,712
profits taxes -
•
'
,....
$1,393,611
—
deductions
Fed.
:
4,863,545
$668,570
advert, exps.
admin, exps
Operating profit
war
$6,190,427 $10 848 965
■'
$0.81
1
requests for service, including
residence extension telephones.
1
1944)
1945—6 Mos—1944
4,632,938
&
&
Other
2,376,469
$0.50
other
Inc.—Earnings—-
$6,086,549
$3,334,322
common
declared
to
available
System
Gauge Co. Since April
de-
deplet.)__—
profit
States
in
. •
12,000 shares of 5%
$749,206
•
inc. & excess profits..
$0.77
shares.
billion
likely
is
Sullivan
Mr.
without
804,486
1945—3 Mos.—1944
refundable
$537,200
•
$650,000,000,
additional
$3,045,039
the
post-war
1945,
1945—3 Mos.—1944
expenses
Taxes,
—
$3,229,697
$1.02
per
preceding
upon
how
As
American Machine & Metals,
,
which is dependent upon its earnings, now as well as
in the future, so that it will have the financial strength for the huge
program of
expansion which lies ahead."
"The first aim," Mr. Sullivan asserts, "will be to provide service,
$3,884,213
~~
345.
7,131,460
500,000
$2,441,491
$3,947,428
common
another
and
war
credit
$4,688,699
$4,372,201
L
—
all
proceeds of the sale
Operating
'<"'
'
.
8,219,023
.
1,120,000
——
phone service for lack
Balance
by
;;
net
revenues
System is planning a two billion dollar post-war construc¬
Bell
year
be
$921,647
$5,176,687
4,390,542
•
capjtal in competition with everyone else who is in the .market for it.
A controlling
factor in the investor's judgment is what return will
v;
251,592
$965,572
representing
shares,
entire
Period End. June 30—
the one big "if in the picture
having the money to buy the things and employ the services neces¬
sary to carry out such a program
"The Beli System has no magic
method of raising money," he emphasized.
"It must -obtain additional
89
Balance
of
in
Aug. 7 reglsered with1 the SEC
on
Operating
is
60.424
273,700
I
Interest
"
7,424,110
1
facilities
$1,547,318
272,575
excess" /
—.
depends
$3,767,052
;
deduction
profits taxes of $474,489
1943.—V. 161, p. 2214.
Arkansas-Missouri Power
l
,
manufacture,
great
Light & Traction Co.—
income
General
,l
>
peak
■
Dividend
a
a'
which will provide additional jobs on a large scale in
installation and operation of telephone equipment,
Mark R. Sullivan, Vice-President,
revealed on Aug. 7.
!
"The record construction program is aimed at meeting the backed-up
demand for telephones, adding new service and extending and improv¬
ing services," said Mr. Sullivan, who further" added:
"It calls for an
estimated expenditure
of a billion dollars almost immediately after
2,890,890
$4,211,115
•
fixed
.
30,
applicable i
pensation for providing funds to redeem all the outstanding preferred
;stock of Arizona power incidental, to the merger of that company v
effective on Aug; 20.--V, 162, p. 562.
.
\
program
the
$6,657,942
2,570,828
Balance
1990.
*
,
.conting.—.
2,868,737
The
tion
96,311
$6,781,943
and
taxes
for
mediately
income
the
-
$6,561,631
106,906
after
and
rates
?
June
1942
'
Be Necessary—
5,866,737
(net)
1943,
the
of
excess
company
The
Expansion Program—Tele¬
vision Network to Be Included-r-Publie Financing May
the
Operating
of
$7,952,033 $11,948,720 $10,465,782
I American Telephone & Telegraph Co.
v-v 158,752
4,803,794
profits———
excess
ended
Arizona Power Co^-Registers With SEC—
Th
Two Billion Dollar Post-War
3,795,069
165,416
basis
the
on
of
acts
General
2,646,339
income
months
for
'
,
_
State, local and misc.
1943
•
2105.
p.
,1,960,475
2,683,511
1944-
12
i
Provision
^stock.
com¬
share, after preferred'dividends, on
the common s*ock outstanding.
For the same quarter of 1944, com¬
pany earned $1,212,456, equal to 25 cents per common share.—V. 161,
16,331,343
-
Taxes:
State
17,566,560
„
statement;
,
operating
and-
^ earnings of 54 cents
11,430,900
______
from
$201,391
of these
but-the amount
part
the
taxes.
cumulative preferred stock to be sold by James C. Tucker
of Austin, Tex., President and founder of the company,;'':
-i'a'The Central Republic Co.,. Inc., will
be the principal underwriter (■
Company earned $2,071,925 during the second quhrter of 1945, after
provision
for
income
and excess
profits taxes.
This is equal sto
$49,274,787 $48,751,247
1,889,850
_
Maintenance
Depreciation
with
No
1942.
.
.
$11,371,538
profit
*On
:
1944
11,583,652
the
1945
♦Earnings per share——
'
__
and
foregoing
until
received
dividends
compared
as
in
for
$1.65
other
'
depreciation -and -all
profits
excess
taxes
$1,358,905 ;
($100 par)
Fed.
Net
(& Subs.)—Earnings—
,
Subsidiary operating companies:
Total
the
1945
$351,584
I.
$0.20
results of such
shall have been determined.—V. 161, p.
full 3'ear
taxes
income
profits
a
American Light & Traction Co,
in
reserve
a
-,
Reserve
and
elected
8
before
reserve
Secretary of American Gas &
director of the company to fill
the vacancy caused by Mr. Argabrite's resignation.—V. 162, p. 562.
was
in
of
$95,845
to
and
Earnings after all chgs.:
officials.
Vice-President
Anderson,
Co.,
included
8 Mos. End. June 30—•
■?!
company and a number of
has resigned ail his positions
and directorships in the American Gas & Electric Co. system (except
his directorship in the Atlantic City Electric Co.) and has been elected
President of Atlantic City Electric Co.
Mr. Argabrit.e^succeeds George
N. Tidd, who remains Piesident of American Gas & Electric Co. and all
of its principal subsidiaries except the Atlantic City Electric Co.
There will be no change in the operation of the Atlantic City Electric
Co. or status of R. E. Swift, its Vice-President and General Manager,
Electric
1943
made
been
portion of
v
American Rolling Mill Co. (& Subs.)—Earnings—
'
Vice-President of this
Argabrite,
first six months
$1,716,491
$2.15
for
made
and
profits
excess
and $546,340 in
$2,155,690
* $0.22
v
and
revenue
*2,725,000..
,
been
including, income
income
$1,69&,284
$2.14
has
'
its operating subsidiaries for many years,
'or in
held
is
panies for the
American Gas & Electric Co.—Official Resigns—
N.
is
thereof
'
$1,789,868
—-
share-:
com.
•
$4,880,690
■
$2,389,523
of $545,000.
reserve
amounted
in
charges,
■
;
additional
$417,471
dividends
Liabilities—Payable for securities purchased but not received, $3,517;
'$150,160;
1944,
"
*
—
Note—During the
foreign subsidiaries
total, $839,746.
charges, etc., $557;
1942
'■
Assets—Cash in
deferred
" "', w
"1943
per
Note^-Deduction
has
taxes—
an
" ;
'
and
inc.
com.
♦Includes
United
"1944
1945
$9,339,065
Fed.
profits
income
Earns,
1945
the
Federal
___
for
excess
in
subsidiaries
profit
Earns,
'r
stock
market
($100
par).
The
dividend
to 4%,..
declared
for
•
that'"since
preferred
the
filing
stock .issues
of
has
.
rate
would
.*
■
the
application
changed
to
the
-
f■
jt
f
"
•.,
."^-VJ*V *$.?«<
«'
«v
**,' -,
»w>
v,V.>v! '*<
«f\'i(.
>'* y*^
'V X
•
J*4
1>*
VM.vs/;
'
'1
*-
'•':
.»
■
!
'
•>*,
"
•
'".::
-a
.'■J!
■!■■ I
*.*• :■:■!'
-rA)"
v.. V
I
^Volume 162
extent
that
it
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4411
that
appears
Baltimore & Ohio RR.—Places Large
3%% preferred stock could not be sold
par value thereof."
*
a
the public at a price equal to the
to
>t;
In the original application company
said it had arranged with
Kidder, Peabody & Co. for sale of the stock at not less than $100 a
share
a
the underwriters to receive a commission of $2.25
and other' expenses.
\
legal
plus
Proceeds
of
cumulative
of
sale
the
the
be
would
issue
preferred stock.—V.
161,
used
retire
to
7%
the
2782.
p.
Orders—
has just
company
placed
Boston Elevated Ry.—- Earnings—
;
for the construction of 2,COO
steel
hopper cars
of
50-ton
capacity and
standard AAR
design,
according to an announcement made Aug. 7 by R. B. White, President.
One thousand of. the cars will .be built by the Bethlehem Steel Co.
at Johnstown, Pa., 500 by the Ralston Steel 'Car Co. at Columbus, Ohio,
land 500 by the Pressed Steel Car Co. at McKees Rocks, Pa. r--yA('r A
It is expected that deliveries will begin in the third quarter of this
•/
share to the public,
The
667
orders
—
.
——^
Receipts
Cost
Income
;
.
Operating
expenses.and
•
1945
1944
$397,129
$494,377
1943
$514,477
72,205
___
84,236
and be completed in the first quarter of. 1946.—V. 162, p. 451.
Barber
86,139
taxes
;
i
Profit
h
-
1
Net
-
earnings
and
$324,924
332,456
::
aftfer
'profit
and
$428,338
344,749
$410,141
332,456
1
_
deductions.—
other
$3,273,440
3,286,322
$3,245,005
3,021,073
$5,362
$115,723
Dr$12,882
$74,110
'
—V.
v,
"
,
Balance
for
♦$7,533
surplus
Surplus, Jan. 1_™_
•
pirect credits to surplus.-*.™—._
$77,684
-
Cost
:'.:*;v;*/;>^i**'-.-;..-:
■
$3,131,879
1944
$3,089,485
3,187,859
1945
3,085,947
$55,980
Cr$3,538
.:*//-:
=
—
service...
of
Deficit—^.
»
$2,537
-V.
$373,709
.*,,;*' $0.01
>$0.56
.
■*
•*
$0.95
161, p.
2327,
Bower Roller Bearing Co.- -Earnings—
161,. p. 2438.
1,085,531
Bayuk Cigars, Inc. (& Subs.)—Earnings-
$83,589
977,871
v
1,149,822
.'*.
1645
1944
1943
$2,753,434
$2,427,585
$2,824,257
6 Mos. End. June 30-?-
56,673
-
Gross
♦Gross
profit —1..
gen.
& admin.,
30™—
June
'"Deficit.—V.
161,
$1,142,289
-
$1,118,133
$1,163,216
•
1945
1944
$1,455,798
$1,979,410
288,071
U942
.........
$2,400,482
1,143,472
of
deprec:
1,005,256
1,194,916
73,863
86,286
Amortization
1,375,212
70,094
Provis. .for
2438.
p.
303,678
^Atlantic City Electric Co.—-New Presidentsee American
Gas
Electric
&
above.—V.
Co.,
161,
Amort,
458.
p.
6 Mos. End. June 30—
'i
1945
v—
1944
j .r:j
Gross
operating
Costs,
oper. & gen. exps.
income
"Taxes
for
>.
•V
1942
1943
'■:■"*
93,144,195
85,734,516
119,954,750 109,317,376
5,088,058
7,845,470
77,614,907
78,011,728
4,508,076
3,053,851
1,500,000
conting.J..'
-t
1,000,000
Int.
530,668
510,621
599,337
3,612,574
2,289,971
1,317,080
511,770
1,646,883
Insurance
Depletion,
and
{
lease
retir.
&
other
7,094,131.
"•
of
fixed
inc.
526,596
538,724
450,291
period-
for
4,964,459
7,526,106
2,691,810
3,142,101
713
715
296^000
296,000
4,667,945
7,229,401
2,395,097
tl,872,950
$1.75
$2.71
$0.90
t$0 70
"Including Federal income tax: 1945, $1,152,800; 1944,
1943,$1,809,900; 1942, $415,700. tLoss.—V. 162, p. 451.
$4,141,200;
applicable
Earned
•''*
—;
share
per
of
stock
common
?
393,060
393,060
$1.61
restated
The
share on
$1.81
6 Mos. End.
T
Sales
:
/
customers,
The revised' n6t profit is $547,974, equal to
common stock—V. 161, p: 1991. -
television
of
$438,377;
Radio Division Completes
Cost of
goods
1944
1945
;
and
trends,
Provision for deprec..—
620,600
Net
Inc.
V
Fed.
c
inc.
taxes
of
notes
in
Prov.
$2,827,543
28,469
29,586
.
$2,856,012
*2,907,000
11,640,000
12,014,000
t2,160,162
Fed.
pfd.
on
Shrs.
$694,511
171,492
384,840
—r_
171,493
of
384,840
$2.66
:
>
256,569
1944,
and
$6,268,232;, U.
S.
receivable
securities,
Government
.
'
r\' 'V-/-. S'*
*
.
(less
706,840.
reserve
of
expenses
payable,
$1,597,892;
liabilities,
accrued
$1,-
estimated liability for Federal taxes on income and renegotia-»
$5,072,516; dividend accrued on preferred stock, $57,164;
advances and other liabilities relating to U. S. Government cost-plusfixed-fee
contracts
(contra),
$4,585,730;
notes
payable
due .1950,
$344,590; reserve for pensions, $619,30S;
reserve
for contingencies,
including post-war adjustments, $709,111;
6% cumul. convertible preferred stock (par $100), $6,859,700; common/
stock (263,936 shares no par), $8,797,875; capital and paid-in surplus,
$1,037,710;
earned
surplus,
$7,153,807;
total,
$38,706,840.—V.
162,
P- 451.
insurance
1944
•
reserve,
of
dividend
of
par
Distributions
and in
50
40
each
were
each quarter during
made
1944.—V.
on
Feb.
28
and
May
31,
161,
Total
$2,095,657
1,602,602
™
",*'.
•
^Vrire
*
shr.
-1,055,768-
350,792
520,778
1945—6 Mos.—1944
'*
■*.*■'
income
———
charges
>
$179,895
6,967
$1,083,869
46,701
$898,750
™
$203,993
$186,862
$1,130,571
23,225
,
$503,908
94,583
200,000
$510,881
V ' 94,583
3,870
3,870
debs-
70,132
75,355
420,795
$129,990
$107,635
$686,550
ser.
p.
$2,596,012 $15,057,496 $14,593,541
531,839
'
1945—12 Mos.—1944
765,792
3,890,168
2,150,351
$14,969,744 $14,811,777 $60,839,564 $59,103,688
revenues.
18,221,947
4,498,153
17,812,038
1,836,708
8,647,876
6,094,097
1,730,233
7,008,933
6,547,595
9,981,755
10,069,329
6,002,000
5,854,000
expenses
4,302,835
„
other
than
Fed.
income
3,253,129
income
tax
(est.)
3,846,668
V*
a
Gross income
,
Income
200,000
$2.59
f
$1.41
'
amount
and $51,513 in
1943,
161,
June
30,
1945,
which
with
compares
"
1
.
notice
By
shares
1945,
they
have
.j The
See
■r
also
Value
>
3,789,534
1,890,665
36,820
A
Coastal
99.19
6,545
94.38
during
outstanding
period
the
.
share
share
per
of
Coastal
cannot be
this
made
shares.
Ltd.,
Co:
>
-
Limited.
payable
Oils
Ltd.
.
.
on
Pay¬
individual shareholders
to
exchange of
Oils
declared
was
>
Canada,
common
until
>
...
and
Toronto
Calgary,
r;
is
1967.
p.
Oils
.
Ltd.
below."*"
•'
'
•
/!*
.
^
;rJi
"j
102.92
19,061
,
>617,729
$105.68
6 Months Ended June 30—
(& Subs.)—Earnings—
Transportation, &c., operating revenue
Operating
.
1944
1945
*
other
and
charges
$3,793,408
2,851,879
.
$3,847,384.
2,804,974:
$941,529
expenses
$1,042,410
-
Income Statement Six'Months
Ended June 30, 1945
-** ;.;
profit
income,
30,981
44,591.
$972,410
$1,0$7,001
etc.
bonds
on
income
Provision for Federal
(Exclusive of realized and unrealized gains and losses on securities)
taxes
(less
13,844
for i the period™—
*
-
excess
profits
refund)
Net
512,270
$97,483
■—V.
...r
income
161.
on
P.
1,094,456
$460,140
599,610,
:
'
;
■
.
V
$487,391
$0.42
shares outstanding......
2106.
$91,214
—™
—
income and
post-war
$111,327
—.
Expenses
income
cents
registered shareholders pf Coastal
andv Guarantee
*
J
,
'*
Income—Interest
Cash distribution
common
one
Buckeye Pipe Line Co.
44,691
Total
.
for
three
all
159,
corporation says:
the Supreme Court of Alberta,
are entitled to exchange five
•
per Unit
Outstdg:
$4,722,753.
units
this
Liquidating
No. of Units
Gross
in
Oil
of
completed
Trusts
Interest
'
to
registrar.—V.
*
Total
increase
an
$9,201,614 $10,080,884
corporation
this dividend
ment of
$3,-
Brown
of
orders of
the
dividend
of
was
2,342 units.
shareholders
to
winding-up
of
which resulted from the sale of 10,213* units-and the repurchase
There
$2,327,674
1875.
p.
1.
•2.-A
(at Mkt.)
7,871,
604,319
r,
$2,648,485
shareholders of
*
30, 1945—
Dec. 31,
1944
1
DtfC.r 31, , 1943—"—:^—"—
Dec.A 3i, a942___—
of
$2,944,606 $11,612,652 $12,510,331
616,932
2,411,038
2,429,447
;'
-
income
A
•
1944,- $45,307-in
*
■■
$3,252,804
;
deductions
Brown Oil Corp., Ltd.—Being Liquidated—
$1.36
$1.43
>
—V.
$2.24
1
.
6n
$2,960,015 $11,386,962 $12,316,720
44,591
225,690
193,611
Sales of electricity—Kw.
hours
..472,651,124 464,414,747 1,952,594,255 1,873,311,134
ba'sed bn mai ket quotations plus-other net assets;
$4,722,753
$3,196,583
56,221
94,583
$2.38
$2.34
$1.53
-
;
Net Assets
2782,
.Statement of Net Assets June 30,
_
"<' Assets—
"
.
■;
bonds
,
$0.45
^
$4,602,488
—:
Income—Cash
112,724
i—
'
39,609
Provision
■
"r
for
Federal
capital stock tax
expenses, -—_*
:
>>>
21L
.
,
453,633
$461,501
•
Net
assets: based
tions
Sor
inc.
-^•V.
161, p.? 2552.
per unit of beneficial interest
of $1* par value each—
.li
■
~
from
$45,185
$71,961
M3.276
(:
:
v
9,900
30.
...
amounts
,
$64,862—
{
received
as
10,171
for
':'r*
dividends,
taxable
$38,399
of profits
•*''
"
■'■
the six .months ended
*^,829, bialance of
value equal to the per
stock surrendered
share portion o,f dis-
less.
31, 1944, $64 862,
paid for shares of capital
purchase at liquidating
Y., -REctor f
advertising issue)
^Exclusive
income^.as above),
follows: Net
account at-Dec.
included in price
'
$34,594
$56,393
distribution account for
1945
distribution
$4,122,753
;
"
$43,569*
691
2,292-
sales of1 investments.
statement, of- the
June
carrying -investments at market quota—
on
17
12
•
1,085
2,743
12,856"
tax_\
*_i_
securities
losses
A
equivalent* to $105.68
44,691 "units
*Of
and
$116,665
*
4,318
$77,717
-
tNet income
6,012
—.U».'™_—.
$48,540
—t-
2,656
^
23,225
V
$44,100
$107,785
lSuf o?MSdavl
J
Wlll1am
B
Dana
&I1"gJJJsrtS^^6 00
comnanv
Other
Reentered
%e^ to DominSm of
Subscripttoin United States_ and Po^ession^^o.ou per yew, m uommion oi
Continental Europe^ («cept-Spain) Asia, Australia and Africa, $31.ou per year
second-class, matter February 25; 1942, at the post, office at New>YorkrN.\Y.,\under ^he Act of March 3.- 1879.
Canada, .$27.50 per-year; South and Central America, Spain, Mexico ?and, Cuba, $29.50 per year; Great. Britain,
On account of the fluctuations in the rates of exchange,:remittances for;foreign-subscriptions and: advertisements
as
-1
Expenses
The CommerciaLand Financial Chronicle ;(Reg. U.?S. Patent OffIjcfeJ'-WilllaEd^D.fDalia^Cdmpahy, Publishers, 29 Park Place, New York 8,- N.
William Dana Seibert,, President; William D.;Riggs, Business Mahager;,:-: Published, twice a week {every Thursday "(general news-a^d
offices:* 135- S.-La Salle St.,"Chicago 3,*-111, '(Telephone:• Stater: 0613);•>!^Drapers';Gardens; London, E. C;, England, c/o Edwards
NOTE:
bonds
on
Prov. -for Fed.
:
1942
1943
1,640
Total income
$4,839,418.
Liabilities—\X'■
Payable, for purchase of investments———
Payable for units of beneficial interest repui*chased___-_—_
$69,218
;
Interest
72,626
zi——
1Q44.
$71,760
•*
sales
13,112
—
1945
dividends.5
♦Net cash proceeds from
38,468-
beneficial interest sold————
Total
.
6 Mos. End. June 30—
.
market
bonds
on
Biillock Fund, Ltd .—Earnings—
1945
v*:;:;
at
of
units
Accrued-interest
-
16i;
13,468,913
15,800,133
2,582,964
Taxes
$485,320
200,000
94,583
"200,000,,
789,534 .pn Dec. 31, ^1944.' '
v
V
-V.
$4,886,318 $30,857,629 $28,062,454
1945—3 Mos.—1944
revenues—
$938,360
income «J.—
on
total,
:
(
1945—6 Mos.—1944
1945—Month—1944
2,912,0252,290,305
•
Maintenance
428,816
profits subject to exchange restrictions in
total'portfolio,
aggregated
Accrued,
Net
$50,000;
Depreciation1,634,233
Bond Investment-Trust of America—Semi-Ann, Report
r
Receivable for
$2,054,527 $12,572,545 $12,343,446
9,105,910
1,508,871
9,221,362
2,338,784
365,761
2,267,313
297,052
Operating income:-i.^, .'iV $196,001
7,992
Non-operating income-
Int.
.
.
S. tax
U.
$4,251,448;
surplus,
,
oper.
July 5,
'
Fixed
earned
Federal
contingencies,
for
reserve
deducting
(after
contracts
electricity^..*-. $14,437,905 $14,045,985 $58,689,213 $55,213,520
Operating
$1,442,613
940,044
$1,5.19,042
quot#ions^____:
Cash in bank, demand deposit——
Receivable for bonds called for redemption..-——
Sub.)—Earnings—
i_«,'
Taxes
.
payrolls,
$124,087;
taxes on
25,908
$50,165- in
1991.
p.
Investments-in
161, p. 2551.
1945—Month—1944
expenses-/™
revenues
.
per share has been declared on the capital
payable Aug. 31 to holders of record Aug. 15.
cents
Feriod'Ehd. June 30—
Gross
.
..
cents
value,
of
Baltimore Transit Co. (&
;
reserve" for
$91,680;
war
amort.)...., $2,631,400
243.(
oper.
Per-share
"y- *
total, $7,049,719.
1942.
1943
*
24,109
ih 1,945,
$53,185
1942.—V.
Net
Atlas Tack Corp.—Declares 50-Cent Dividend—
:
$1,453,057;
$5,543,425
.
Operating income
Non-operating income..
25,819
June
refund,
Operating
$18,346;. investments,
patents,
at
nominal
insurance,
(before de¬
&
Of
Other
Fed.
$551,254
?Includes foreign
>
$4,051,900;
349,040;
Operating
accounts receivable,
supplies, $1,-
amounts,
estimated
Brooklyn Edison Co., Inc.—Earnings—
Net
a,-—" "
per class A shr."
Earns.'per class, B
$174,423),
-
'Liabilities—Accounts
v
8.0, 1945
trade,
$707,484;
Period Ended June 30—
,
°
last,
taxes,
''
r
(Expressed in U. S. Currency)
,
Sales
*
'824,685
Bv shares
Earns.,
/
K
$4,207,708;
relating • to
U. S.
$4,585,730;
investments, $1,898,876; property, plant and equipment (after reserve
for depreciation and amortization of $13,569,572), .$7,677,066;
good¬
will, patents, etc., $4,052,682,** deferred charges, $76,334; total, $38,-
no
payable,
accrued
~V.. 162, p.
;
.'$585,434
$780,728
for the year
';*
$2,663,226;
life
been
has
1945
1942
•
23,786
,*.Net. profit
A, shares—
taxes and renegotiation refund (less post¬
tlncludes $1,420,000 (less post-war credit of
$1,826,000 (less post-war credit of $183,000) ftt
notes
1945
Class
profits
$5;888;312; cash, receivables and other assets
Government
cost-plus-fixed-fee contracts (contra),
A
at
of
(net),
account
from oper.
Net earns,
$0.59 ;.
$0.44
taxes,,including .excess
-
prof, taxes, etc.
excess
Class
$1.94-'
$217,000).
Assets—Cash,
Stock,
value
renegotiation of
earns,
Qperating
Fed.,& foreign*inc.. and
Inventories,
$522,400;
161, p. 2106.
171,493
$2.32
$2.03,>:
,
tion
$0.65
profit; on' sales—T $1,667,888? $1,339,232Pperalingiprofit.v.™1,-199,725 •: *
880,519
$495,010
!,:ri 382,214
- 254,822
384,840
256,564
256,564
oUtstdg.
share_
per
in
accounts
,
Deprec..and .depletion.-
-
$595,519
:
1943, $1,515,746 in 1942 excess profits tax..
j -v
f
r -* • * «f
"• ^
' 1r«
■.* j.
Consolidated Balance^ Sheet, June 39, 1945 "
v
■
$666,503
$767,012
171,492-
$523,019
$684,837
com.
excess
refund
$142,000)
'
on
stk
earned
t> .♦Includes
war
-
6 Mos. End. June 30—
*
.
50900
75900
50,000
$856,329
dividends
com.
Amt.
t-
$865,799
and Federal
!•,,,.
•
Gross
;
Common
hand,
on
inventories,
$2,385,000),
,
Gross
Bon Ami Co. {&> Subs.)—Earnings-
;
650,000
taxes.
stock——
earned
Amt.
tax.
effective.—V.
42,591
income—
Divs.
/
$1.07 5
;
;
30,
June
the settlement
as
■■
and
Period End. June 30—
■
..
$3,526,665
for contingencies.
Net
shate.
com..
has
1944
Brazilian Traction, Light & Power Co., Ltd.- -Earnings
*
1943 1
30,
contracts on subyear 1943.
Rene¬
war
for the
ended
basis
stock ($5 par), $1,500,000;
$7,049,719.—V. 161, p. 1991.
'
* '
W.
P.
Witherow, President, reported shipments for .the first half
of this year fwere. almost double those for
the same period in 1944and added that,
"because unfilled orders- were-so predominantly for
Navy ordnance .materiel, operations were likely to continue through
the-next-? quarter.-ttt -the prevailing rate." Company operations beyond
the third quarter; Mr.' Witherow declared,
will depend on require¬
ments for the war and,-the extent to which reconversion becomes
$3,497,079
40,304
r;
months
same
capital
marketing
.
\
1944
of
settlement
additional
on
>.crease
457,889
$2,384,511
prior years
for, anticipate -
Pro vis.
s
per
profits
stock
cap.
_*.*<
Interest
567,362
$3,805,920
taxes
profit 2_v-^^-^; $l;432,718
Earns,
13,752,018
$2,344,207
30,946
&
15,355,807
18,451,019
483,238
$3,774,974
income
Total
i
profit.—.
invest.,"etc.„
oper.
from
*Net
kA
*1945
;;iV.,Mftw;^ab.vchargesi'and/: State;;
23,514,036
livery and other
v
1942
de-
exps.
i
banks
property
income and
to
(&. Subs»)—^Earnings—
6 Mos. End. June 30—
;
>
v
~
?
5
$27,909,610 $21,278,464 $18,750,712 $17,706,982
sold,
in
surrender
miscellaneous
Truesdell, General Sales Manager
corporation's radio- division.
combined assets represent a total capi¬
limited
was
June
ended
$279,436;
accrued
$45,584; employees' war-bond purchases and withholding tax,
stated Mr. Truesdell,
distributors
of
Blaw-Knox Co.
1943
renegotiation
six
the
Liabilities—Accounts
'
distributors followed extensive surveys of
but before pro-
contracts
: v :*:
$899,271;
511,984;* cash
the
whose
distributors
war
months
Balance Sheets June
who also pointed* out that the
provide territories-large enough"
to provide equitable and efficient distribution,-—V. 162, p. 451.
areas
oper.. .<
—
six
the
as
for the
and
Assets—Cash
$1.18
Aug. T by Leonard C.
-on
62
number
(& Subs.)—Earnings—
June 30-
and ^otheit
<
revenues
the
for
basis
substantially
on
prec..
,
provide
1943J.^; vV
1942.
Appointment of
.
.
Atlas Powder Co.
to
same
1944
year
made
talization of more--than $25,009,900 have already launched dealer or¬
ganization and merchandising campaigns in all sections of the country,
Mr. Truesdell said.
*. • • 1
* -• <■ ■
,.
'
,
•
1
'
"
:r,.
294,799
393,060
$1.73
in
for--'radio., and
to
stock
common
$465,080
294,799
393,060
for renegotiation of
statement for
per
stock
Baltimore
705
296,000
Balance
outstgd.
sh. of
$712,060
294,799
:*
•
Completion of its nation-wide organization of independent distributors
marketing*.of the company's forthcoming line of AM
FM
radios
in' 62 majoi?
marketing centers was announced in
514
stock—
294,800
952,000
$493,992
gotiation jiroceedings- for 1944 are now in progress but not concluded
as at July
25, 1945.
Provision for renegotiation of "war contracts for
467,168
v;
who will handle the
to
interests.—
pfd.
on
840,290
•and
296,000
minority
Divs.
-
$634,594
$681,675
stock
reported
a
provision
stantiail/'the
on
p Bendix Aviation Corp. —
Distributor Organization—
11,576,635
applicable
739,970
been
30,076
-
565,000
$427,187
income.
on
i..-..
tiding for depreciation and amortization.
31,682
*$962,324
$1,572,393 1
20,042
for Federal taxes
43,781
$1,445,992
$992,187'
...
amount, $l; deferred charges, $65,458;
_
-
taxes
stk.
com.
$As
tl,089,117
487,518
Interest; chargesii—-j.
$1,380,597.
6,034
1,957,828
353,903
359,904
8.064,830
5,491,055
Cr486
$1,581,222
profit-1
$1.39
644,684
610,293
Income bef, .int. chgs.
Income
$3,400,848
2,782,197
assets...___
Non-op. inc. misc. (net)
V ;Net
7,420,146
4,880,762
$930,642
M;
taxes....
profit
♦After
900,036
common,
-
Net operating income
Involuntary
conversion
32,453
.pay..(net)"
Amt." earned
4,641,859
4,443,900
5,060,579
$1,539,940
35,286
before
Note—The
profit
on'coni.
Divs.
1,019,273
878,698
Shs.
amortization
■
1,575,467
$1,345,311
44,466,
Net
*>#£t
for
$1,402,211
49,608
....
Estimated prov.
2,878
the
amort.
1,967,900
3,116
$1,536,756
,
income
■
98,724
127,645
$942,579
:
...
income
Profit
divs.
.
income
notes
.
Net
abandonment
Deprec.,
t
misc.
&
on
.-3,155
3,113
.
■
Provision
250,000
res.
Intangible devel. costs-
»
•
Total
•
■
'
and.
■
misc.
and
.
Other
cigar
Profit'
■
Discount, .rental,
(
j—
'
V.-X':'
135,519,630
143,128,183
'
Reserve
(& Subs.)—Earnings—
of
licenses
87,801
127,347
profit
Gross
;
patent rights
.
Atlantic Refining Co.
of. cost
47,151
—
.
—
....
91,750
X
machine
H
expenses..
.
bidgs., equip. & auto¬
mobiles
sales-..—
on
....
expenses
.
profit
Selling, general, and*- administrative
Interest, paid—..
Depreciation
Selling,
Balance,
3,170,895
1945—6 Mos.—1944
$220,583"
$0.06
•
'
•
'
,
$22,658
share.
com.
^
1945—3 Mos;—1944 w
chgs.
taxes
per
•
6 Months Ended June 30—
•
1944
$3,136,797
3,110,315
Earnings for Month of June
..v'v:
'
•Receipts
Asphalt Corp,—Earnings-—
Period End. June 30—
Net
Earns,
Interest
1945
1944
$3,115,673
service—.—
of
Month of May
Month of April
•
1945
::
Associated Telephone & Telegraph Co.—Earnings—
6 Months Ended June 30—
*
■
,
,
year
•
"
" ' .*
Period—
must be? maae in new xmx. luuuo«-
THE COMMERCIAL & FINANCIAL CHRONICLE
668
capital stock (less amount thereof charged to
of investments, $4,830 >, $71,311; balancet
on
standing.
dividends declared
surplus arising from
account at time of purchase (net), $2,291;
tribution
distribution
P'm"4Sot
and
but
the company, with
June
on
1945,
30,
portfolio securities)
were
Chapman
30,
as
1944.
profit
"After depreciation
;;
v
.
.
,
profit
•
at June
Sheet
Balance
SO,
1945
„
v
Liabilities—Payable
purchased, $6,516; accounts pay¬
able, accrued interest on 3%% debentures, etc., $31,859; provision for
taxes, $5,188; 15-year 3%% debentures, due Feb. 1, 1960, $1,872,000;
common stock
(par $1),'$563,000; balance of capital surplus, $4,370,254; total, $6,848,817.—V. 161, p. 2783. ....
,
;
Celotex Corp. (&
6 Mos. Ended
$3,466,602—V. 161, p. 980.
Net
sales
Cost
1945—Month—1944
1945—7 Mes.-—1944
$7,759,959 $6,795,719 $57,923,421 $56,869,495
1,401,360
1,305,781
9,792,026
8,628,598
31—•
Wholesale sales
sales
Retail
of
$9,161,319
Wholesale
—-
__
Stores)———
(Scott-Burr
Retail
income
6,696,280
7,322,817
profit before taxes
Federal
before Federal taxes
for Federal taxes
Provision
1,750,000
250,000
Net
2,256,000
1,448,000
100,000
175,000
normal
Preferred
259,700
—
—
profit
available
Balance
shares
Earnings per
for
Earnings
•
203,184
1,144,806
$358,259
1,144,806
$0.31
$0.41
$664,506
—
share
—
1945 net working capital -was $29,182,963, a
At June 30,
After
gain of $2,-
and
1944
$7,052,369
5,487,871
5,718,997
1942
$3,820,140-
1943
$8,696,669
6,460,776
taxes
share
13
for
gain
$1,333,372
$2,235,893
74,289
67,468
Prov.
or
30,
260,159
Depreciation
Depletion
Federal
109,999
1.
•>.-
carried to
earned surplus——
.
—V.
299,606
&
494,000
p.
$556,410
for
dividend
taxes-
five
of
cents
As
1,542,000
'
inception: of the company.
Also at
a
261,530
3,584,770
3,495,717
$162,359
$2,066,427
$2,079,082
52,954
53,019
636,117
636,165
_____
$114,654
$109,340
$1,430,310
stock-
41.801
41,801
501,606
:
$72,852
$67,538
$928,703
corresponding
date
$1,000,000
each
for
in
1943,
of
the
averaging
last
two
a
gain
of
,The
years.
■
more
corresponding
than
30, 1942 was $7,144,924, the gain for the three-year period
more than $4,000,000.
These gains were due in part to growth
outstanding shares and in part -to appreciation in market value
of 'investments.—V.
161, p. 1311.
V-%
&
Taxes
V
1945
;—
'.
,1944
■
$77,029
income
other
inc.
■'
4,741
4,556
1,624
1,800
2,511
>
,
Week Ended July
Railway—Traffic Earnings-
21-
1945
Net income for period
;
$6,261,000
1944
$6,077,000
Carolina Power & Light
Period End. June 30
losses
realized
purposes
$62,813
made fo.
on
the
on
the
basis
icuoku
$42,807
sale
of
the
of
macs
uii.
$50,497
im.uinc
nil
699,148
312,751
—___
—
(Property
vr> serve
Net
•
retirement
Other
Net
-125,000
1,500,000
j 1,500,000
(net)——
Balance
cost,
$4,084,002
$4,227,768
7,152
5,076
62,693
15,272
$321,613
$4,146,695
143,464
146,017
1,759,095
income
—_r
$175,596
$2,387,600
Dividends applicable to pfd. stock for period—
Carriers & General Corp.6 Mos. End. June 30—
1945
101,675
4,348
3,077
$4,127,834
Accrued
taxes
securities
1944
1943
$147,830
$152,333
$157,763
4,791
5,216
4,231
issued"—..
Common
!___
$8,460
sale of securities
8,550
"when
4.823
stock.—
.
,.
3,010
2,000,000
20,969
2,000,000
915,736
2,039,870
—
—_
Common stock in treasury
$156,314
$156,563
(606,034 shs. at cost)
641,792
577,449
Drl,48L034 Drl,481,034
Total
-V.
$4,127,834
161,
15,367
14,143
Fees of
custodian, registrar, transfer agent—.
Legal & auditing fees—
.
5,392
2,336
5,715
5,682
2,411
Period—
Fed.
capital
stock
expenses
eral, income
1,461
'
taxx
Net
income
-profit on sales
investments
the
form
1,767
3,356
56,247
56,462
_i__
2,600
$73,565
129,306
1109,676
$236,275
$30,583
$44,259
t$30,580
than
402,149
amounts
56,350
based
56,434
on
56,519
market
quotations.
48,219
47.861
income.
43,571
41,623
192,111
171,096
$140,035
$141,268
$598,421
income
966
672
4,441
$141,002
$141,940
$602,862
44,505
of
at
nancing
market
costs,
of
the
corporation, at June 30,
quotations
were
and
equivalent
to
1945, valuing securi¬
unamortized debenture fi¬
excluding
$4,047 per $1,000 of debentures out-
ton
per
Co.
mile in
1929
to 0,93
and
the
facilities,
yy/
freight
carried, in
road's history!
revenue
were
of
in
cent
a
1944.
•
.
,
loan
from
obviates
amount
V. -162,
the
approximately
the
and
$5,058,536
issuance
in
$30,000 pe»
Reconstruction
RFC
The
cash
of
Finance.
retiring
interest,,
and 1933.
1932
the
to
and
payment
securities
plan of reorganization in the- aggregate prin-7
$32,812,880
and
preferred
stock
effects
an
dividends
565.
p.
save
paid
corporation
the ICC's
of
and
transaction through which it
a
will
costs.
1945, the trustees
$13,718,700 principal,
interest
in
City,
railroads
maintenance
16,
provided in
cipal
Oklahoma
at
the two
and
received
the
annual
saving
of $755,598
said
securities.—?
the
on
-..y
Climax Molybdenum
Period End. June 30—
"Net
profit',
charges
-
in
-;y:>..';
■
.
$97,435
$327,792
43,509
income
161.
on
;
57,853
28,793
I.-
preferred
available for
$68,698
p.
stock____„_
20,958
20,958
83,832
shares
$47,740
$76,477
$243,960
com.
1993.
Dividend
1944
1945
income
compensation.
$4,605
$4,015
567
452
324
88
742
,
Taxes
88
88
10
_
expense____
.
Net inc. to curr. surp.
"Not
479
10
10
4
125
113
54
64
"$4,938
"$5,454
$4,001
$3,534
including net profit from sale
in 1945 and $15,997 in 1944.—V.
provision
for
$3,277,934
$0.07
$1.96
$1.30
discovered
increment.
$u.74
depletion
.
yy
$4,942,242
$1,685,492
of
Note—Federal income, surtax and excess profits taxes totaled $813,903
three months ended June, 1945, and $2,193,134 in the six months
June, 1945, as compared with $736,656 and $1,461,033, respec¬
tively, for the corresponding periods of 1944.—V. 162, p. 453.
!
Coastal
Oils,
Ltd.—Pays 3-Cent Dividend—New
curities Ready—
7
'
Se¬
,
The
company on July 5 paid its first interim dividend
of 3 cents
share to shareholders of record June 15, 1945. This dividend is
paid out of the recovery of development cost reserve of the
company,, Where required by the Income War Tax Act,
withholding
per
ha3
tax
of
been
80%
the
deducted
the
of
This
former
the
The
of
Ltd.
of ho
of
of
Ltd.
Coastal
Ltd, has
an
Oil
and
are
(Vice-President),
J.
.
;
rate of
:
.
7%,.
!
of
exchangeable into
are
shares
common
basis
five
of
Brown
Brown
Oil
Oil
shares
stock.
authorized capitalization of 2,000,000 shares
follows:
as
\
Corp, Ltd.
the
the
on
of which there
par value,
Directors
payable at', the
Ltd.
Brown
exchangeable
are
amount
dividend.
Baroils
of
Oils
Coastal
share
one
the
debentures
$90
shares
the
the
to make possible the reorganization of
Corp. Ltd. and in addition this company also
issued shares of Chinook Oils Ltd. and 100%
Oil
of
share
issued
of
formed
was
Brown
100%
acquired
from
amount
company
are
R.
W, Moyer
A.
shares.
(President), F. J. Green
A. Brown,' Jr., Arthur
issued 1,871,410
Brown
(Secretary), R.
W.
Carr,
W. H.
Marsh
and S. J.
Coca-Cola International
!
The
directors
the
common
14.
Sept,
pared
Aug,
on
stock,
similar
A
4
Bird.
Corp.—$5.60 Dividend—
declared
a
dividend
of
$5.60
per
share
no par value, payable Oct. 1 to holders of record
distribution was made on July. 2,, last,, as com¬
with $5.55 per
share on April 2, 1945,
Payments in 1944 were
April 1, $5.55; July 1 and Oct. 2, $5.60 each; and Dec. 15,
161, p. 2656.
follows:
$13.10.—V.
Collins & Aikman Corp.—Partial Redemption—
-
Nov.
of
securities in
161, p. 2216.
announced
amount
of
that
the
directors
have
called
for
redemption,
<
on
total of 9,657 shares of 5% convertible cumulative preferred
stock at 110, plus accrued dividend of 96 cents a share from Sept. 1
to the redemption date.
The block represents approximately 30% of
the amount of preferred outstanding.—V. 162,, p. 351.
10,
a
Trust
Shares
(Phila.)—Distribution—
Upon presentation on or after Aug. 15, 1945, of the coupons then
payable appertaining to the certificates for trust shares (of Standard
1942
1943
$6,233
$5,815
Interest
Misc.
$1,856,296
share__
per com.
1945—6 Mos.—1944
,*„»
taxes___
Combined
Chain Store Investment Corp.—Earnings—
3 Mos. End. June 30—
1945—3 Mos.—1944
all
after
and
Co.—Earnings—
ended
Oil
issued under the agreement and declaration of trust dated
at the Fidelity-Philadelphia Trust Co., trustee, Phila¬
or, at the option of-the holder,
at the First National
Bank, Chicago, 111., the bearers of said coupons will be paid the
amount of 17.714 cents per trust share due as a semi-annual distribu¬
Group)
March
$60,-
25,
delphia,
of
tion
net assets
ties
tracks
new
addi¬
217,217
deductions
tLoss.
•
of
war¬
of
purchase of
wages in the history .of the railroad industry,
operating costs by over 7 million dollars and
by $386,928, the transportation ratio of 28.47;„to gross
Ry.
May
loans
130,374
re tire.—
Adviser's
at
construction
of
facilities
and
the
906,957
31.860
to
income
Dividends
.
56,300
stock
highest
taxes
It 'is
of
securities
96,078
204,162
Federal
replacements
Provision for Federal income taxes_
$79,096
t42,192
On
as
—V.
2,500
$72,775
____
96,490
219,714
„—i.
______
income
Gross
Balance
160,371
of
$2,401,111
56,258
$75,904
_
Net oper. profit
Dividends declared
"In
1,597
62,030
tremendous volume
a
rolling
necessitated
and
prin¬
are
increased
in rental
year
on
„
nNet
$562,855
37,170
Taxes, other
Net
.
the
7%,
or
'1/;
1944
,
June 30, '45
1944
$585,202
revenues
power
and
miscellaneous
taxes—.
Other expenses
Prov. v for normal Fed-
cents
the
Coastal Oils
12 Mos. End
1945
operating
Income
y
1,884
the
and has
....
for
was* the lowest on
record.
'
receiving the authority of the Court and the Interstate Com¬
Commission, the Rock Island, in conjunction with the Santa Fe
Railway Company, acquired the freight transportation properties of the
for
2,446
5,479
equipment,
of
movement
taxed
$8,264,306,
merce
92
Central Ohio Light & Power Co.—Earnings
Operating
y
has
by
year
;-'.y; ;y -y •'
peak revenues
the
After
Corp.
11,035
A
■
revenue
$4,184,835
876.
p.
$157,874
18,266
which
that
payroll
of
3,269
$165,024
income
1.15
Despite
wages
1,691,472
_.
surplus
Undistributed net income from dividends & int.
Other
Total
Management fee
of
for
being
9)5.736
preference
stock
276,693
—
111
distrib.
that
out
to their utmost,
"Before
$175,000
.
Maintenance
1942
1944
$10,621,789
$12,400,000
represent
from
$4,184,835
:
"when
_
Operating
Earnings-
$155,410
"Taxable divs.
,v
4,054,281
charges
Deferred income—from
Penewais
Dividends
Interest
,
4,088,119
_
—
Purchased
Income—
,,
—
Commitment—for
Total
or?
of
was
Earns,
3 Mos. End. June 30
f62, p. 244.
for
decreased
the greatest density of traffic in the
pointed out, however, that it was only becouse of the in¬
tonnage that the freight revenue for the year established an
all time high,
that the average revenue per ton mile,, although sixtenths of a mill higher than in the two
preceding years, decreased
Liabilities—
$1,331,800
''"Balance
income
net
paid)
accruals
as the expansion of
existing facilities.
report shows that 14,215 million ton miles of
16,318,000 revenue passengers (5,5% more than
It
1944
$25,802
3,010
—
deferred
Note payable to bank—secured
1,193,422
$1,607,160
the
$2,525,222
780,440
.
point
xnat
for
$32,357
._
receivable
and
1,717,818
$194,027
reason
Sheet, June 30
hand——
on
:
Account
$4,243,040
charges—
etc.,
Investments
Capital
$316,537
we
exceed net income
1945
banks and
Convertible
$337,491
income
interest,
in
1,773,405
$330,339
revenues
income
Gross
3,850,830
1,824,624
exceeding the previous
11%, respectively.
or
new
1943)
investments, determined for income tax
original
re-
appropriation—
operat.
3,756,290
155,412
125,000
expenses—
taxes
taxes
279,377
156,528
Operating
Federal
1945—12 Mos.—1944
$18,496,530 $18,291,562
594,628
7,331,614
6,939,559
not
creased
}■*
Total
$1,470,954
the
1944,
interest
well
$51,749
period.
Co.—Earnings—
1945—Month—1944
$1,623,766
revenues....—
of
The
■
"No provision
Prepaid
earnings
in
revenues
principally to increased
profits and income taxes.
trustees
traffic
and
3,386
See *
.
'
Cash
162, p. 564.
railroad,
tional
'
2,100
Michael L. Igoe of the United States
by Joseph B. Fleming and Aaron Colnon,
and its subsidiaries, pertaining to the affairs
shows an increase of $24,855,855 in the cash
cipally attributable to the
4,108
-
larger
excess
company
13,829
1,600
■
Judge
due
Corporation
$73,072
14,068
|■;
Chicago,
(before accrual
1943,
The
1,939
$73,732
..
company
is expected that
15,517
18
''
taxes
■
Pacific
the
$71,133
1,882
Assets—
Canadian
:
$66,489
4,246
payable—
;;y;yy;y.'::\
Freight revenues of $131,528,322, and passenger revenues of $44,499,164 for the year 1944 are also the peak revenues in the history of
as
income
on
notes
on
Prov. for Fed.
!
14,041
f
y
Ay:-'":;:,/; ;y v;'.:
estates,
railway company.
the
$26,415,919
Oklahoma
1942
$71,851
3,133
$82,718
_______
expenses
than Fed.
the
total
Despite
•
rV''
1943
,
$63,357
5,689
admin,
taxes
Int.
figure
in
.Other
$941,310
Corp.—Quarterly Report—
Income Statement
■
(.
Total
Gen.
high total on
company which,
slightly
."
■
of
operating revenue of $190,401,106 for the year 1944 estab¬
lished the
all
time high for the
road, and exceeded the previous
record year of 1943 by
$13,756,420, or 7.8%.
:
new
being
Operating
501,606
with
at
this
trust
The
of
Interest
fox^ June
Traffic
$1,442,916
;v
4.
Income—Dividends
balance, sheet date, were total net assets of the
computed on a liquidating value basis with securities valued at market
quotations, amounted to $11,491,682 on June 30, 1945, compared with
$10,218,233 on the corresponding date in 1944 and $9,463,126 on the
any
the
of
1,539,000
271,105
6 Mos. Ended June 30—
payment represents the 50th consecutive quarterly cash
dividend, and total dividends paid to shareholders since incorporation
of the company total more than $3,600,000.
^ ; v. :,
, ■ >
: ^
Outstanding spepcial shares on June 30, 1945 numbered 2,678,902,
being the largest number of shares outstanding on any balance sheet
the
-
,
v;
current
p. ,2440.
;_v
Court
Federal
1945—12 Mos.—1944
$931,334 $12,738,739 $12,018,596
378,943
5,545,541
4,904,796
June 30,
1945 the market value of securities was above the
value in
the aggregate
amount of $995,905
compared with
$207,586 as of Dec. 31, 1944 and $33,005 as of June
30, 1944.
f
The indicated net asset value per preference share as of June 30,
1945 was $25.56 compared with
$20.74 as of Dec. 31, 1944 and $18.68
as
of June 30, 1944.
^vy; %•%:%,■' yv
share,
per
Hugh Bullock,' President, says:
—V.
-
Co.—Earnings—
Securities
director
position of the
months
ledger
,
date since
six
$167,609
—
p.
and
vacancy created
by the resignation of
and a director of the Tennessee Gas &
devote all his time to the duties of those
Co., who will
filed
report
under
128,500
Vice-President
a
the
y
$4,480,308
deductions
pfd.
162,
$470,269
Canadian funds, was paid on
Aug. 1 to stockholders of record July 16. ; Distributions of four, cents
each were made on Feb. 1 and May 1, this year.
In 1944, the fol¬
lowing dividends were paid: Feb. 1 and May 1, four cents each;
Aug. 1. five cents; and Nov. 1, four cents. '
:•r;
The
the
,
128,500
Central-Illinois
.
for
1875.
1992.
Canadian Investment Fund, Ltd.—5-Cent Dividend—,
A
share
per
elected
fills
Symonds, President
trustees of
as
on
383,000
$857,304
cents
p.
427,165
___
income
Divs.
—V.
$790,666
A
second
and
income
other
Net
384,303
gain
161,
30
and
Chicago, Rock Island & Pacific Ry.—Report for 1944—
time
206,985
952,057)
V
the
1945—Month—1944
$1,444,557
254,495)
512,000
tax-
income
$2,303,361
$1,407,661
297,150)
for
$994,380
deprec
Balance
Net
of
161,
expenses
for
Provivsion
Int.
$1,672,824
depl—
total
a
1945.—V.
9,136
de-
before
$0.17
share on the 755,472 shares of common stock
first quarter and 17 cents per share for the
revenue
Operating
$1,435,422
8,979
(net)——
&
prec.
earnings
land,
Payment will be made at the American National Bank & Trust
and depositary, 33 No. La Salle
St., Chicago, 111.—V. 160,
District
net
Period End. June 30—
Gross
Net
$0.30
$740,071;
.
638,410
L.
the
quarter
Gross
2,384,718
$1,663,845
Operating income-
755,472
'y.
amortized,
trustee
621.
p.
cents per
amortization
Other income
1933.
7,198
$209,093
—
Central Illinois Light
■
ad¬
selling,
Production,
min.
sold-
metals
to
April
(& Subs.)—
;> 1945
$7,151,716
6 Mos. End. June 30—
Rev., from
1
,
.2,566
-
'
■ y.
equipment
There have been called for
redemption on Aug. 15, 1945, at 100 and
interest, $294,560 of first mortgage income gold bonds dated Jan.
15,
145,521
•
.
13,032
deducting post-war credit of $14,980 in 1945 and $285 in 1944.
outstanding
ended
Earnings—
185,220
L___
_■
$305,895
consolidated
second
Calumet & Hecla Consolidated Copper Co.
$364,378
134,820
;
—
per
amounts
ago—V. 162, p. 244.
644,533 since a year
surtax
*
■
of
Chicago Produce District—Partial Redemption-
quarter ended April
30, 1945 amounted to $168,585 after all charges and provisions for
income
and
excess
profits taxes in
comparison with net earnings
reported
for
the
first
quarter
of
1945
of
$137,310.
This income
$459,100
1,222,303
$0.58
stock
com.
—
common
and
profits taxtaxes
Shares outstanding
The
Common
tax
excess
income
of
former director of the Reconstruction Finance
a
been
He
offices.—v.' 161.
Co.,
$662,284
$561,443
203,184
$924,206
dividends
before preferred
dividend
Profit
Other
post-war conting
for
Prov.
$57,432,702 $55,888,194 $57,750,895
3,280,206
2,184,443
2,662,284
$638,967
has
Corp.
Transmission
90,788
"Federal
Earnings
Chicago
313,331
Net
<
t$417,695
$256,452
$1,670,778!
i;v
and
Klossner,
Corporation,
$768,497
159,579
309,332
depletion and amortization.
of
Balance Sheet, June 30
Gardiner
$1,107,878
—
of
Chicago Corp.—New Official-
60,725
Depreciation,
$49,042,053 $48,565,377 $51,054,615
8,390,649
103,139
1943
J$487,276
amortization
and
In addition to the above indicated
$121,687".
:
:
Assets—Machinery
v
Howard J.
$707,773
Other deductions .'
$8,101,500 $67,715,447 $65,498,093
for Six Months Ended June 30
Earnings
1944
freight,, allow. & discounts)— $10,431,163 $10,025,147
(incl. selling & admin, expenses)
9,426,423
9,317,374
income
Total
Combined sales
1945
for
reserve
buildings, $1,368,263;
machinery and equipment, $712,980; patents,
$73,045; U. S. bonds, $100,000; inventories, $2,074,992;
cash, $1,361,036;
refund
excess
profits tax, $554,595:" accounts receivable,
$1,561,103;
deferred assets, $76,342;
total, $8,622,426.
' v
J
Liabilities—Common stock, $3,500,000; preferred stock,
$500,000; ac¬
counts
payable, $439,996; accrued wages, $170,852; net reserve for
taxes, $662,797; surplus, $3,348,781; total, $8,622,426.—V,
160, p. 2553.
Subs.)—Earnings—
April 30—
$1,004,739
Other
:
(after
sales
Sales Up—
Brothers, Chicago—July
Butler
Period End. July
securities
for
1944
$307,956
$307,956 there is accrued a refund of excess profits tax
tAfter depreciation of
$86,608, reserve for amortization
$1,949,104.
y
annexed, at average cost, $3,230,610; cash
in bank, $222,488; dividends and accounts receivable and interest ac¬
crued, $13,503; total,.$3,466,602.
;;- ; ; y;•.;t/nrc
'
Liabilities—Payable for securities purchased, $85,212; payable for
own
capital stock purchased, $13,812; accounts payable, $3,172, pro¬
vision for taxes, $4,163; dividends payable upon receipt of stock of a
predecessor corporation for exchange, $3,05?;' capital stock %$1 ?*£),
$224,153; capital surplus, $2,635,972; earned surplus, $497,062, total,
and
Co.—Earnings—
: 1945
tAfter depreciation of $54,186, reserve for amortization of $151,470 and estimated Federal taxes of
Assets—Investments, as annexed, at average cost, $6,214,279; cash
banks, $435,451; dividends receivable and interest accrued, $21,118;
deferred charges, $177,970; total, $6,848,817.
as
of
$125,907 and Federal taxes
in
Assets—Investments,
of
$121,687.
Balance Sheet at June 30, 1945
,
'
.
—„_
estimated Federal taxes of
1945, as compared with $8.21 on June
'
'
"Net
share of common stock outstanding, on the same basis,
deduction of the face amount of debentures outstanding,
after
Valve Manufacturing
6 Months Ended June 30—
costs of the .corporation's debentures.
of financing
amounted to $10.13, at June 30,
securities ahmnrket quotations were
compared witlr $3,840,795 on June 30,
1944
Net asset value per share amounted-to $18.84 on June 30, 1945
as compared with $15.89 on the same date in 1944.
/y%U%
$4 224 400
earnings ("exclusive of profits
equal to 2.32 times the interest
During the first half of 1945,
,
of
amortization
Net assets per
1945, included in earned sur
quarter ending Aug. 15,
for
sales
on
available-^dividend
sales
Monday, August 13, 1945
On
made.
and
1929
?a.;
said
Feb.
In
Aug.
trust
Shares.
1
■
-
last, a distribution of 20.6858 cents per trust share was
1944, payments were as follows:
Feb. 15, 25.221 cents;
15, 16.686 cents.—V. 161, p. 667.
15,
§$|8§^
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4411
162
percentage comparisons with last year:
•
1945
1944
186,956,000
4-—
July 28__.
—
—
—
—V.
162,- p.
:
,183.032.000
War "and
Dividends: 7——;™;_7
3,818
The
in
profit
11,606
835
excl.
1,097
1944;
Net
.■■■..:7-.<
■
Balance
Demand
■"
7;——™*;.7——<
Investments
,
Deferred
personal
'
125
3,257,315
515
*7;—;-™^
Liabilities—
six
first
months
June
ended
0
0
4,494
$115,143
900
in
directors
on
900
7———-————7*'
Liability for stock purchased.;
Accounts payable & accrued taxes and
taxes on Income,/vest
interest
Federal
'
stock—.
$38,-
.
1944,
ment
67,571
Capital
surplus'77—7—77-7™7;—77;
2,240,997
Earned
surplus
1,892,783
76,838
:
228,229
Dividend—
77-7$3,305,293
Total
Note—Unpaid
amounted to
dividends
accumulated
$78.75 per share or a
the
on
total of $5,321,216
of goods sold, selling,
V
Total
8,946,098
■ ■ 1943.'
$7,709,961
7,601,297
$1,247,272
31,831
$308,006
$103,664
(net)—„_
11;581
22,029
$1,279,103
$319,587
$130,693
120,000
43,000
income—
net
Federal
normal
Federal
taxes
1944
$9,254,104
178,500
—
"
profits taxes (net)_.
excess
Net profit
;
Earnings per class A share.
Earnings per class B share
_
1945*
gen.
and adm. exps.
1943..
673,600
•7.
Other
income
Provision
for
77—;7_7——_
post-war
contingencies
1945, and $73.75 per share or a total of $4,983,361 as at June 30, 1944.
161, p. 565.
.
.;
•.
$1,402,378
$87,693
$0.11
0.02
0.16
.
$0.31
$1,461,428
94,635
1,010,000
-
Treasury certificates and
Accounts
notes receivable
and
Inventories
$2,779,648
92,914
2,004,121
and other
—7777—7—7—77_7—:
50,000
$306,793
Fixed, assets
1944
■
■
(less
reserves)—
;
and
478,244
2,950,639
(net)
profits taxes—
„
41,810
-
$1.11
Prepaid insurance, deferred charges,
etc.—
4,719,244
84,636
,
.'7—7-
91,749
3,275,422
162,565
142,795
7*
1—_
——...
2,000,270
5,490,930
76,973
.___
receivables.—
Leasehojd improvements ■*„———7——
$389,613
$0.81
.
$2,360,643
purchase of minor, interest
Post-war refund of excess
293,000
•
623,404
bonds
war
;
investments
Cash on deposit for
adjustments
1945
.
$3,278,219
S.
Miscellaneous
income
Sheet, May 31
:/S
Cash
40,952
;-7_.
_
on
$199,587
0.44
7-
Consolidated Balance
Assets—
$2,738,696
59,050
•—77—77777—_7
deductions
/Provision for Federal &. State taxes
stock
$427,003
$2.22
—_
■
1944
$14,064,722 $16,795,209
12,662,344
14,056,513
.profit ——1_7——7——7——7—:
income ' r7'7-_;7——7— ——7-~~-
Other
j
■
—v.
11,184,835
income
operating
Miscellaneous income
U.
at June 30,
as
—;
sales—
♦Including warehouse, shipping, selling and general expenses; also
including depreciation of $81,430 in 1945, $67,084 in 1944, and $78,597
Gross
•
$2,473,891
preferred
of
in
6 Months Ended June 30—
Cost
Total
'
'.,77
'
.Y;'7;7:■ 1945
sales, less returns—— $12,432,107
♦Cost
Cooper-Bessemer Corp.—Earnings—
318,428
(par $1)—
Income, 6 Months Ended May 31
Gross
67,571
318,423
stock
made.
be
can
Consolidated Statement of
■:
July 30 declared a dividend
2,229
■:
Common
completed its examination of our Federal
and 1943, with no additional
The company's booked but unfilled orders are still continuing at a,
high level, but some cancellations of war contracts have been experi¬
enced by certain divisions.
These cancellations have been replaced
by orders for reconversion materials which are now awhiting the
approval of the War Production Board before manufacture and ship¬
value and the old $10 par value com¬
mon stock,
issued and dated prior to Oct. 25, 1935, will be required
to. exchange their, certificates, share for share, for the present $1 par
value stock before receiving the dividend just declared.—V. 162, p. 245.
$2,473,891
$444,675
were
period
was
The holders of the old no par
,0
$3,305,293
1945
30,
has informed us that
determined there were no excess
Price Adjustment Board
-contractor for- the fiscal year -ended Nov. 30, 1944.
as a
The Internal Revenue has
-
payable to bank—
Preferred
2,574
.
2,413,915
tax.u————
property
Total
Note
$57,278
-;o
the
Contracts
Renegotiation Act it
tax returns covering the years 1942
assessment made against the company.
of 20 cents per share
on the outstanding common stock, par >1, payable Sept. 28 to holders
of record Sept. 7.
A like amount was paid on March 30 and June 25,
last, as compared with 15 cents in each quarter during 1944.
1944
1,475
—^
receivable
for
War
the
profits-involved
Net
The
$45,988
fund——
investments—
on
The
under
$1.53
after
Continental Motors Corp.—20-Cent
—
i945
:working
-
interest
Dividend
•>
Sheet, June 30
;
deposits and offioe
Accrued
net
Guaranty Trust Co. of New f York has been appointed trustee,
registrar and paying agent for an issue of $16,500,000 principal amount
of 20-year 3% debentures due July .1, 1965.—V. 162, pp. 565 and 454.*
.
.
Assets—
is
The
in 1945 and $7,713
of
ferred ■ stock; outstanding.
_
$1,195,143
$0.80
taxes
Continental Baking Co*—Trustee Appointed—
the. corporation June 30, 1945, with securities taken
at indicated market value on that date, were $42.26 per share of preassets
$1,002,134
'
$1.28
income
409,93& compared with $33,845,315 for the comparable
an increase of
13.5%.—V. 161, p. 1994,
.
$25,932
$29,439
$21,793
$22,835
—'
sales
Net
17,411
of
security transactions was $52,088
on
$43,343
$46,686
16,149
taxes-
trans.
secur.
$34,233
808
expenses
income,
72
$32,460
8,818
Tot^l income
Net
$625,626
$0.67
share.—.
for Federal
excess
3,275
360
——
income
$1,595,143
400,000
deducting postwar
profits tax refund amounting to $203,867 for the three month
period of 1945, and $347,770 for the six month period Of 1945.
For
the same periods in 1944 the deductions Were $217,819 and $416,013,
^respectively.
fAfter all charges.including depreciation, taxes, deferred
maintenance,
year-end adjustments and war and postwar. reserve.
$39,996
2,109
,
General
$1,202,134
i
200,000
200,000
>
Recovery from syndicate
participation
7
Sundry income
Federal
$42,953
3,732
$30,055
$28,418
!>934
Bond interest'
.
$820,626
res*
—
♦Provision
■
'
$5,696,992
4,101,849
$523,089
postwar
Net".profit
Earnings per
S
1942
1943
1944
1945
April,' 1945, the company purchased. the Beckwith-Chandler Co,
Newark, N. J„ and the Truscon Laboratories, Inc., of Detroit, Mich.,
the land and
building of our brush plant at Princeton, Ind.,
which previously had been leased.
To. finance these transactions. a
temporary bank loan of,41,500,D00 was made and $700,000 taken from
working capital.
We expect in the near future to issue; some longterm form of financing which will raise net current asset position to.
approximately $10(000,000.
also
1
Commonwealth Securities, Inc.—Earnings—
.»
$4,864,794
3,682,660
$623,089
100,000
♦Prov. for Fed. inc. taxes
2.3
'
6 Mos. End. June 30—
In
of
1945—6 Mos.—1944
•
;$2,806,424 ..$2,959,527
2,183,335
2,133,901
fNet prof bef. Fed. taxes
0.0
0.9
:"
565.
1945—3 Mos.—1944
Raynolds Co., Inc.—Semi-Annual Report—
states:
division of the company contributed substantially to this
increase in sales,
and the resulting lower cost per sales dollar is
reflected in our increased earnings'for the six months." period;
'Every,
245.
Period Ended June 30—
1.7
186,966,000
184,034,000 V
•
.
*
Dec.
p
162, p.
&
E. S. Phillips, President,
.
Container Corp. of America—Earnings—
185,662,000
187,279,000
186,980,000
J
July 21——j*—-;™I——l-U.—-July 14
—V.
1945—7 Mos.—1944
$1,182,287 $13,336,698 $11,162,920
$1,477,609
—
;
190,280,000
Week Ended—•
August
i
,
1945—Month—1944
Period End. July 31
■Sales-
Devoe
Stores,. Inc.-—July Sales-—,
Consolidated Retail
Commonwealth Edison Co.—Weekly Output— '
Electricity output of the Commonwealth Edison group of companies,
excluding sales to other electric utilities, for the week ended Aug. 4,
1945, was 1.7% below that in the corresponding period last year.
Fol¬
lowing are the kilowatt-hourt output totals of the past four weeks and
669
2,362,769
178,415
195,776
,
.,
.
.Surplus
.
Commonwealth
Southern Corp.—Weekly Output—
&
•
Note—Provision for depreciation and
,
Period Ended June 30—
;
..
■
—_
$1,178,728
$5,014,194
$4,511,689
869,037
67,680
777,115
65,217
3,371,512
265,794
2,957,509
261,748
118,222
103,419
483,923
365,890
Cr27,709
Crl5,905
__
', Federal income tax™
•
-
Federal excess prof; tax
"Post-war
1945—12 Mos;—1944
1945—3 Mos.—1944
$1,276,870
revenues-,
oper.
Expenses-
Crll.822
State income taxes——,;
Other
"*•
1,050
1,050
3,005
63,932
300,707
Net oper, profit
from merchandise,
$167,997
,$617,061
$667,057
Net
_.7_777-77;
;:■
avail,
47,424
63,931
198,369
190,938
$204,306
$231,928
$815,430
.
73,913
235,717
$154,456
cap. stock.
on
$158,015
91,640
114,551
$579,714
435,292
Balance Sheet. June 30, 1945
$555,833
366,562
?
"
Assets—Plant and property (net), $13,036,391; investments in sub¬
sidiary companies, $65,637; miiscellaneous investments, $2,561; bank
deposits and cash on hand, -$884,970; U. S. Treasury savings note,
.
series
"C," $199,000; U. 8. savings bonds, Defense series "G," $25,000;
accounts
receivable (net), $352,696; insurance and other deposits, $3,inventory of material and supplies, $399,766; deferred items,
$140,820; total, $15,110,560,
;
720;
company
has
earnings
gross
is announced that holders of 5%
Operating
expenses
$2,175,150
-Federal
7
taxes
income——
on
—7 1
—
^
——'7———"
162, p. 132.
The
L.
Balance
before
charges—;;
capital
and
other
$1,051,635
charges-
463,489
204,474
7:,7;77.:.V-
Expansion—
has purchased several hundred acres of land at Hous¬
adjacent to the Houston ship channel for the construction
manufacturing plant after the war.—V, 160, p. 1734.
a
Shoe
Announcement
and
directors
Corp.—Elects New Officers—
made
on
Aug. 1 of the election of new officers
corporation gtnd of A. S. Beck Shoe Corp.
The
was
this
of
.majority of the; stock of the Diamond Shoe Corp. was recently pur: chased
by a group headed by Wertheim &: Co„ and Lehman Bros.,
and including the Schiff Co. of
Columbus, Ohio. :
Benjamin Daniels''was elected; President. 'Chairman of the hoard Us
.
,
-
Robert
W.
J. p.
Schiff,
President
of
the Schiff
7-'1
7
company.
•
Davidowitz, M. L. Friedman, M. B. Hausman and John Merrill
resigned
directors
as
and
officers of both
companies.
The new board
of directors consists of Ben Daniels. Col.
Curtis G. Pratt, Henry Rubin,
Robert W. Schiff, F. G. Steiner of Wertheim & Co., and H. J. Szold of
Bros.
The following were appointed officers:
J.
Melvin
Meth
$9,855,365
:
S.
as
S,
Vice-Presidents;
Treasurer.
Daniels
also
was
companies.
that
Domash, Louis B. Keane,
Andrew Weiss and Seymour
Spector,
A.
appointed
H.
Lehman
as
Secretary,
General Manager
Richard
of the Diamond-
the
In
assuming his
posts,
new
Daniels announced
Mr.
Beck corporation now has in operation seven shoe
plants,
handbag factory and 108 retail stores, located in 56 cities in 12
States.
The corporation, he added, would continue to acquire desirable
locations for expansion in cities throughout the United States when
building restrictions are terminated.
one
-
The
following executives long associated
with'
Diamond and Beck corporations won promotions:
$9,295,360
Edward
the
Bastable
Gold
'the
affiliates-of
7*
Louis
and
Lang were elected Vice-Presidents of
Corp.; Irving Mittau, Clerk.
Mr. Bastable was
General Manager of all women's shoe manufacturing
Seal
Shoe
also appointed
plants.-'
■
Louis Gallo, Joseph Hill and Isador
Wolsky will be Vice-Presidents
of the Keent Shoe Corp.; Abraham
Rusacow, Clerk; Louis Charleroy
..
Spring Clutch Co., a wholly owned subsidiary, has
part of an expansion program, the purchase of the
will
be
Vice-President of the Savon Shoe Co., Inc., and Frank Krocak
of the Windsor Shoe Co. 7
; 7
:
Rubin will be Vice-President of the Diamond Shoe
will be
at
of
Reese; Charles
as
Beck
1945—10 Mos.—1944
$929,503
as
Mr.
Sales Increased 9.4%—
$1,016,890
H.
Weitzman
Hill
ident
$1,090,639
469,959
2,100,682
790,689
855.240
company
Diamond
plant operated by the Allison Division of General Motors
Indianapolis, Ind
W. W. Gleeson has been elected Pres¬
Spring Clutch firm, and Guy W. Vaughan, President of
Curtiss-Wright Corp., who formerly held the Presidency, has been
named Chairman of the L. G. S.
concern.
Mr. Gleeson has been
Mars
287,000
:
G.
announced,
Corp.,
Total interest
of
Curtiss-Wright Corp.—Unit Acquires Plant—
55,549
187,279
261,084
3,836,851
1,258,491
2,388.413
'
Diamond Alkali Co., Pittsburgh—Plans
The
cumulative convertible
1945—Month—1944
1
—V.
47,640
68,123
■
7.
72,728
Depreciation ———————188,394
Taxes, other than Federal taxes on income--—
221,101
v
2,733,700
3.837,746
1,311,321
ton, Tex.,
302,568
295,724
—■
—
Maintenance
Sales
1944
—1—__
Purchased power
2,701,400
,
$16,134,506 $12,379,997
2555.
p.
104,322
—i.—...
'
42,492
;—
161,
i—I—-
47,270
$1,000,000
preferred
stock may present certificates therefor at any time at either the office
of J. P. Morgan & Co. Incorporated, 23 Wall Street, New York, N. Y.f
or
at the Continental Illinois National Bank & Trust Co., 231 South
LaSalle Street, Chicago, HI., for immediate payment of the full redemp¬
tion price p? $105 per share, plus accrued dividends to Aug. 18, 1945,
the redemption date.
(See V. 162, p. 352.)—V. 162, p. 566.
Period End. July 31—
$2,158,791
'
———
—V,
498,033
279,352
315,000
Capital surpluS' „_„_rr_——_______„__„____.
placed
Crown Drug Co.- -July
Total
477,889
.
■>7' Total
$777,877
1,487,743 7
Earned surplus
Crane Co., Chicago—Immediate Payment of Stockit
reserve
1945
13,500
1,156,492
Lehman
Earnings—
Six Months Ended June 30
$1,500,000
serial bonds of subsidiary^
subsidiary.
Reserves for plant consol. expenditures, etc..;
Minority stockholders' interest in subsidiary;.
5 % cumulative preferred stock ($100 pat)
Class A stock (123,000 shares, no par)
Class B Stock (193,750 shares, no par)___
,
line
Connecticut River Power Co.
agree¬
privately an issue of $300,000 of 3V*%
seven-year serial bonds, and the shareholders of record Aug. 4 had
up to and including Aug. 7 the privilege of subscribing to an issue of
$450,000 of 5% cumulative Redeemable sinking fund preference stock.
The latter issue was underwritten by Fry & Co., Toronto,
Canada.
The proceeds are to be used to redeem on Sept. 1, 1945, all of the
outstanding $674,000 7% preference stock and" the 2,691 income fund¬
ing rights.
The stockholders had been asked to make application for
; subscriptions to the new 5% stock ,to the Canada Permanent Trust Co.,
320 Bay Street, Toronto, Canada.—V. 162, p., 352.
taxes),
taxes
(other than Federal and State income
accrued Federal and State income -taxes, $580,584;-
wages,
contributions for
its Y-Loan credit
release for use about
to
Accrued Federal income,
etc., taxes—
Other'accruals:'■/•- > »■-.;"r v;;''1First mortgage 5% serial bonds of
,
extensions, $37,756; capital stock ($25 par),
$5,727,525; capital surplus, $1,076,272; earned surplus, $904,246; total,
$15,110,560.—V. 161, p. 2441.
...v''.
for
renew
payable
First mortgage 5%
Accounts payable"'
$222,946
Corrugated Paper Box Co-, Ltd.—Places Bonds Privately—New Preference Stock Underwritten— v
mortgage bonds, series A, 3%, due 1969, $6,000,payable; $169,385; consumers' deposits, $419,105; - un¬
redeemed ice coupons, $4,928; accrued interest on funded debt, $30,•000; accrued interest on consumers- deposits, $39,593; accrued insur¬
ance,
$245,768
in additional working capital
by Jen. 1, 1946.
Approximately $350,000
j of the working capital increase will be available for reduction of Fed-,
erai income taxes
payable during the remainder of this year,—V. 161,
P. 1994.
accounts
$121,166;
in¬
proceedings have hot been completed for the year
1944, but company does not anticipate that they will materially affect
the results of operations as reported for that year.
Net profit for
this year is not likely to be
reduced, since it is believed to be reason¬
able and not, therefore, subject to
renegotiation.
/
i
'
:
Company still has $6,000,009 of Government-guaranteed loans under
its revolving credit agreement.
As Government orders are being com¬
pleted and inventories relating to war contracts are being gradually
Liabilities—'First
000;
equipment,
,
$16,134,506 $12,379,997
Liabilities—
30, 1945.
Renegotiation
The
Net inceme_^_—
Dividends
/
302,162
Total deductions
and
which matures Nov. 30, 1945.
The tax adjustment bill for 1945 will
int.,
etc.
plant
-Total
Notes
ment
$857,994
49,850
for
property,
above
''
■
booked, less' cancellations, during the period were $19,904,050, and orders billed were $14,064,722, so that the unfilled orders of
$20,310,672 at Dec. 31, 1944 were increased to $26,150,000 at June
271,966
-
of
liquidated, company does not plan to
3,424
75,821
$156,882
taxes
Bal.
,
profits
excess
-
amortiza-
Orders
"
Total
tion
cluded
Community Public Service Co.—Earnings—
■
-
'
Tire weekly kilowatt output of electric energy of subsidiaries of
this corporation adjusted to show general business conditions of ter¬
ritory served for the week ended Aug. 2, 1945 amounted to 252,254,243
as compared with 247,745,699 for the corresponding week in 1944, an
increase of 4,508,544 or 1,82%.—V. 162, p. 565.
'
■
'■■; Earnings per
Vice-President
Emanuel H.
the
of
Massachusetts
and
General
Manager
of
Corp.
company's men's shoe
the
factories.
■
,
Balance
before
dividends-—;——7
dividends
Preferred
$588,146
declared——1—
$620,679
36,000
36,000
$552,146
named
V.
$584,679
Vice-President
161, p. 2555.
and
General
Sales for Month and Seven Months Ended
July 31
the clutch business.—
Manager of
Period End. July
Sales
:
;
31—
—
Note—Above
■
Balance for
-V.- 161,
dividends, and surplus—
common
Dennison Manufacturing Co.
2441.
p.
6 Mos. End. June 30—
Sales
Consolidated Biscuit Co.—Registers With SEC—
Company
covering
ferred
60,000
stock
-dividends.
and
on
Dempsey
'share,
to
The
&
Aug.
7
shares
be
sold
filed
($20
to
with
par)
the
SEC
a
convertible
Net
registration statement
cumulative 4%% pre¬
—V.
1945
■
1944
1943
$9,244,000
$8,472,000
315,000
310,000
356,000
1995.
p.
.
;
'
■
■■
.
Net proceeds, amounting to $1,080,000 before expenses estimated at
$22,000, will be used to enlarge company's Chicagq and West Roxbury
(Boston) plants, to buy machinery and equipment and to add to work¬
ing capital.—V, 161, p...2657..
■
•.
;
..
■
..
'
1945
$3,445,062
1,799.589
1,771,514
348,251
337,213
.
.•
other
than
210,176
income.*.,*-—7—l-77
Consolidated Edison Co. of* New York; Inc.^—Output—
The company on Aug. 8 announced that system output of
electricity
(electricity generated and purchased) for the week ended Aug. 5, 1945,
amounting to 163,500,000- kwh., compared with 171,600,000 kwh. for the
corresponding week of 1944, a. decrease of 4.6%; .Local .distribution
*of electricity amounted to 161,700,000 kwh.,
compared with 160,800,000
-
;
■
week
ended
Power
Power
during
kwh.
for
—V,
16'2,
the
corresponding week
p. 565.
•■■■-.-
of last year,
aft'increase of
0.*6%.
Federal and
'
Net
—V.
State
income'
161, p.
2217.
taxes
—^..7-7.
refunding bonds...i.
..-■■;•••
on. income—*—
$1,1321353
32,888
72,888
>
300,000
$452,942-
■'■
.
Inc.—Weekly Input—
Aug; 2,
1945, the System inputs of
:
494,900
*$564,566
%£-
r
Mos.71944'
1945—12
$9,572,663
±. 7
7->
,
Va; o
client opei*-
&
Light
Co.,
as
compared with the correspondiftg
thousands of kiibwatt-hours)7
1944 were as follows; (in
—Increase—
8,621
$1,325,830
!
-
$749,449 $11,321,998
'
Operating: Subsidiaries of—
American Power & Light Co.^
"
general .and
7;7;..j;V'.77
of .Ebasco Services Inc., which are subsidiaries of
&
Light Co., Electric .Power & Light Corp, and
companies
National
-
Total income-
shoe'stores.
chain of
1,125,733
•
Interest, on
Beck
.
■.
■
American
210,602
$1,318,704
*7,126*
operating income.
Other 'income 7-7'7*7———--r—-
'
For the week
ating
"
-
Net
;
S.
1945—Month—1944
$978,972
162, p. 352.
Ebasco Services
1944
$3,676,720
Operating revenue ;i——7—,-,
Operating expenses ''^—^7—:7—
Depreciation
*7___—77
■ •
i
(& Subs.) —Earnings—
6 Months Ended June 30—
Taxes,
of A.
■
Period End; July 31—
:
Denver Tramway Corp.
•■v.--;;;..
include those
Sales
'
.
—V,
public at $20 a share, plus accrued
headed by F, S. Yantis & "Co.;
will receive discounts and commissions of $2 a
Sales
246.
Diana Stores Corp.—July Sales Increased 30.6
•
taxes
161,
p.
$8,398,000
362,000
162,
1942
$9,625,000
—V.
the
underwriting group,
Co.,
-
profit after charges
and
(& Subs.)—Earnings—
/
j;
1945—Month—1944
1945—7 Mos.---1944;
$1,914,215
$2,146,648 $16,586,758 $17,413,814
Electric
•
Power
National' Power
♦Decrease."
&
Light
& -Light.
/
Corp._-
•
—■
184,700. .179,471
101,266 .104,700
Co.-*—-,—105,387
99,481
5,22^9
*3,434
5,906
2.9
*3-3
5.9
r
,
'
Not©—The-above figures do not include* the System inputs of any1®
companies not appearing in both periods.—V, 162, p. 567.
1
THE COMMERCIAL & FINANCIAL CHRONICLE
670
Eastern Gas & Fuel
.
.
mortgage and collateral trust
■'./subsidiaries,
sinking fund for the re¬
before May 1 each year
1946, to and including 1955, will pay to
the trustee a sum sufficient to redeem bonds of the principal amount
of $400,000, and on or before Nov. 1, 1955, and each May 1 and
Nov. 1 thereafter to and including May 1, 1965, will pay tp the trustee
a sum sufficient to redeem bonds of the principal amount of $800,000,
plus a proportionately increased amount if any additional bonds of the
first series shall hereafter be issued.
Sinking/fund payments may be
made in whole or in part in bonds taken at their principal amount,
to
in
are
such
1945.
names*
names:
M.
$1,000, $5,000 and any multiple of $5,000.
Interest payable Jan. l
July? 1 in each year, at office of the trustee, State Street Trust
Boston, and at such other paying agencies as may be appointed
by the Association.
Bonds will be redeemable at any time on at least
30 days' nCtice at general redemption prices, in whole or in part at
option of the Association, or at special redemption prices with cash
deposited with the trustee for certain sinking fund requirements or
with such proceeds of eminent
domain or similar dispositions of
Byllesby
&
Paine,
E.
.
interest, will require the sum of -$56,329,455.
Included in the bonds
outstanding and to be retired are $223,000 principal amount held by
Old Colony Gas Co., a subsidiary.
To the extent that the proceeds
of the bonds and bank loans are not sufficient for 'the purpose outlined
■
.
y
Weeks—
McCormick
3% %
series due
2%%
10-year
Pr.
.
1965—
Unlimited
.
——■-:
.
bank loans
j, $15,000,000
—
pref. stk., 4V2% cumul. ($100 par)
stk., 6% cumul. ($100 par)_
250,000 shs.
Preferred
,
Pfd.
Common stock
in
the
on
arrears
Net sales & oper.
,
Commercial
aggregated approximately $12,000,000 at Dec. 31,
of Massachusetts.
•
,
1942
$
$
14,614,629
14,701,740
86,501,008
13,769,376
distribution
and sale
utility
cos._—
—.—
.
approximately
69%
82,381,019
10,643,472
4,475,096
4,186,772
963,000
963,000
9,613,749
10,639f944
utility
Deprec.
of
(incl.
for
Prov.
"
its
organization^
of Connecticut
Coke
Co.
coal
mining
from public utility operations.
tions and approximately 31%
Upon
and
the
Association
and
acquired
all
of
66,093,328
spectively.
of
also
It
Massachusetts
then
Gas
acquired
Companies,
util.
retire—
3,816,263
950,000 y
782,000
4,273,894
v
Total
——
326,534
;
40,3651259 '
•
10,903,644
10,655,360
1,459,940
1,548,810
2,145,765
96,000
149,075
71,214
2,329,920
2,464,709
2,556,574
239,959
573,599
590,647
600,136
100,605
118,491
105,373
142,710
5,107,308
5,377,983
,' 5,874,607
wholesale
and
coke
surtax
and
retail,
Prov.
4,152,947
y
eastern
Massachusetts.
Soon
thereafter
the
Int.
Fed.
Prov.
.
ture into
the
yil (b) (2),
might
.
a
!
■
! /
,■..
/■
/
'*v...
.•
ytne Commission
with
Taxes
equitable
)>.'Utiiity Holding Company Act of 1935
persons
to
the
affected
S^inaSi of
^refunding
•
and
to
be
refunded.
refunding
plan,
(ii)
a
and fair
make
court
an
to
submitted
The
part.
new
the
bonds
are
Association's
protective/provisions,
each
existing
being issued
share
of
stock
to
4 V2%
.
•
toe made
as
at
of Jan.
the
1,
time
1945),
after
mark
all
137,429
1,821,498
1,864,892
$191,408
approval
by
the
Commission
and
the
of
for
1946.
»
'
25,520
(net)
2556.
p.
.Operating
Operation
revenues
$2,393,823' $2,390,698
315,153
1945—12 Mos.—1944
1945—Month—1944
Period End. June 30—
Maintenance
$174,477
26,812
revenues—;
161,
$101,142
55,729
$1,257,432
738,003
108,509
208,946
$94,499
9,518
18,580
—-
9.415
-——.
'
:Taxes;/_--'--.l^------—-
54,521
15,291
$1,211,407
$206,951
730,383
104,149
169,922
305,096
$199,998
$218,121
Net
accruals
61,800
amortization
35,907
reserve
&
$2,695,795
$2,708,977
63,255
:
Non-oper.
442,092
/
489,156
deducts.^
83
48
y. 17,036
$120,331
$100,509
$1,516,999
$1,425,393
77,652
77,652
$1,439,347
$1,347,741
* 20,165
00.
———
/
T_
21,245
Retire,
" $1,418,101
•
Earns, of subs, applicable to E. U. A.,
/
'
$1,623,359
.
Roswell
r
$1,467,563
$1,418,368
on
1944.—V.
15
Feb.
and
share has been declared/payable Aug. 15
8. Distributions of 45 cents each were
15, this year, and in each quarter during
May
Period End.
/General
'
$4,304,004
.
Interest
1945—7 Mos.—1944
..
Electric Auto-Lite Co.—Partial Redemption—
Co., successor trustee, 22 William St., New York, N./ Y,
162, p. 352.
1945
1944
$1,402,243
——
$1,369,713
19,975
20,000
■
8,804
19,754
$1,431,024
other
$1,409,467
236,959
Ur328
204,940
Cr850
income
miscellaneous.expenses-—
and
for
depreciation-^———
8,230
31,000
taxes
on
80,488
debentures...
Net
5,523
":
34,500
168,162
Cr4,012
16,108
$1,078,685
charges
$981,084
.J———.———
income
Balance Sheet.
i
•
.
Liabilities—Common'
stock
Raymond A, Jacobs, Vice-President of the Detroit Bank, has been
a. director
to fill a vacancy created, by the resignation of
N. Wibel of Nash-Kelvinator Corp.—V.
162, p. 246.
($5
par);
$4,881,515;
paid-in
$11,254,926; earned surplus since Oct. 31, 1941, $360,924;
directors of constituent companies,
$313,190; due
surplus,
due to officers
dissenting
taxes accrued,
to
companies, $9,050; general
accrued,, $42,114; reorganization expenses
accrued, $18,872; miscellaneous accruals, $17,424; reserves for possible
additional taxes of former subsidiary company, $16,400; reserve for
depreciation of office furniture and fixutres,,; $25,346; total, $16,•*
944,511.—V. 162, P. 353.
V
of constituent
$4,751; Federal income taxes
elected
$14,374,952; miscellaneous special
cash,* $1,529,624; U. S. Government war, savings bonds,
values, $95,100; other. U. S. Government securities,
at cost, $894,524; due from subsidiary companies, $2,356; miscellaneous
accounts receivable, etc., $20,108; office furniture and fixtures, $25,347;
total, $16,944,511.
' ■■■$2,500;
Stockholders
»
June 30, 1945
cash redemption
.and
(SJ
..
Assets—Investments and advances,
company
Electromaster, Inc.—-New Director—
A.
18 years Treasurer of this company, retired
1.—V. 160, p. 430.
■//'■. ;"'
/
'
making
-y
♦No excess profits tax payable.
;
has called for redemption on Sept. 5, next, out of
.unexpended sinking fund moneys," $2,000,000 of 2*/4%-debentures due1950, at 102 and interest.. Payment will be made at the City Bank
the
for
y
at
—V.
105,889
& Dry Dock Co.—Retirement—
income
Miscellaneous
.
Edison,
Farmers Trust
315,816
$3,471,004 $30,042,032 $25,419,491
President, stated that the company has: threemore
stores in operation as compared with this time last year.
Estimated
net (profits for the six months ended June 30, 1945, subject to audit,
will be somewhat higher than the $485,845, or $1.07 a common share,
earned Jin the first half of 1944, Mr. Edison said.—V, 162, p. 352.
^^
The
/
/•Federal income taxes—
Inc.—July Sales—
1945—Month—1944
— —
2,540
$138,952
^
Kepler,
income
.Provision
July 31—
-
Harry
2,323
$149,141
Total income
-General
'Sales
67
$9,909
service on Aug.
Miscellaneous
162, p, 246.
Edison Bros. Stores,
66
:
Years Ended June 30—
Interest
record Aug.
made
.
J.
cents per
stockholders of
$141,493
declared
active
Dividend
f
A dividend of 50
76,000
$151,464,
Federal Water & Gas Corp.—Earnings-
Larger Dividend Delivered—
to
76,000
$9,977
Federal Shipbuilding
141,575
—
Balance available for dividends and surplus—
$217,493
$1,559,943
155,796
—
10,542
$227,464
$12,748
,
Expenses, taxes and interest
25,491
$16,310
6,333
161. P. 2443.
from
Total
—
Net income
Dividends
$1,418,101 $1,327,575
205,258. ;
232,368
as above
accrualsi
income
Interest charges
$201,972
$1,327,575.
~
^
reserve,
Gross
;
$15,271
1,039
$12,815
Balance
••
22,145
—
./'■^
•
$17,313.
1,834 '
$19,148
6,333
/
'
(net)l
income
759,100
732,850
36,184
revenues—
oper.
.funds,
plan, the Associa¬
published financial statements in a manner ade¬
quately to disclose the adjustments proposed in the plan.
Will
181,434
taxes)
-.'.v.-
transactions involved in the issue of the new bonds
of the bank loans and, pending consummation of the
tion
6,618,743
502,891
Eastern Utilities Associates:
preferred
It is contemplated that these adjustments will
the plan as a whole is consummated (effective
but,
6,883,687
608,666
—V.
a
capitalization.
564,275
45,720
Applicable to E. U.
are
recapitalization expenses), thereby eliminating consolidated earned
surplus.
These show a capital surplus of $17,099,398, on the basis of
interest on borrowings until Nov. 15,
provided
Fall River Gas Works Co.—Earnings-
$921,902 $11,707,675 $11,377,227
Applicable to minority interest.
the
for
new
inc.
Balance
and
part of the plan it is proposed that the consolidated balance
sheet of the Association and its consolidated
subsidiaries be
adjusied by writing off intangible assets and, making certain other
adjustments aggregating $46,179,228 (exclusive of provision of $200,000
the
—V.
542,541
42,485
Pfd. divi deductions—B. V. G. & E.
>
that
approximately 85% are to be issued to,, the. holders of the present
cpmulative preferred stock and approximately 15% to the
holdefs
of the present common stock.
The new common stock is to have a
as
$957,770
revenues-
Non-subsidiary income
.'6%
Alsd
,r
which
1944,
1945—12 Mos —1944
1945—Month—1944
a
joutstanding is proposed to be exchanged for five shares of new
stock, and each share of present common stock is pronosed
to be exchanged for one-sixth of a share of new
common stock.
As a
result of tne proposed exchange of these stocks
there are to be out¬
standing approximately 2,202,090 shares of common stock, of which
par value of $10 per share..
■
Balance
common
.
297,821
3,557,891
Balance
accomplish this
cumulative prior
cumulative
1,317,429
2,862,744
567.
oper.
Retire,
•
for minor improvements
6%
862,239
3,289,798
order
bonds
1,
"
a part of the plan
remainder thereof.
The Association's present
'
*
enforce
which, while
independently of the
Pre;frence, stock remains unchanged * except
its
in
■
m
the
! tcrm8f.an,d Provisions of the plan, other than
the Association's bonds
is to be consummated
Under the plan as
r
1
by
(iii)'thereupon apply tp
353,413
2,801,816
^
.Non-oper. -income
(i)
approving the plan,
p.
(inch
Net
find the plan, as submitted or as modified
by the
•Association, .necessary to effectuate the provisions of Section 11(b)(2)
.
162,
Operating
.•/
a request
Cr73,018
tax
income
Miscellaneous
• ,.yy.
370,253
'
the Commission
Nov.
reduction in borrowing
limit
equal reduction in the
amount of Fairchild's total indebtedness permitted by the terms of
its V-Loan credit agreement, reflects lower anticipated financial re-*
quirements and the successful offering last May of £0,000 shares of
corporation's $2.50 cumulative preferred stock (without par valueconvertible prior to May
1, 1955) by a group of 19 underwriters i
headed by Smith, Barney & Co.
As of July 31. Mr. Wilson said,
8,426 shares of this preferred stock had been converted into common
stock, with the result that there were 81,574 shares of such preferred
stock and 1,160,699 shares of common stock outstanding on that date,
;
"
Maintenance
proceedings under Section
■.
1,694,434
692,409
Operation
•
Association
,°n June 5, 1945, the Association submitted to
Plan
recapitalization of the Association together
'
.t-
^effective Aug. 1, modifies the credit agreement
banks: dated
Wilson, Treasurer, said the $7,500,000
under the V-Loan credit, as well as an
Eastern Utilities Associates <& Subs.)—Earnings—
among other things,
stated that the Association
plan for the purpose of enabling it to comply with said
secuoiv
for
res.
1,156,685
69,261
550,490
Period End. June 30—
which,
ine
,
local
.
-V.
conformity with the standards of the Act, it submitted itself
requiring a recapitalization. On May 28,
•f®45, the SEC issued its order instituting
1947.
four
Webb
"
to those provisions of the Act
.
to
Interest
Recapitalization of
15.
these
with
$25,000,000 at 3%
inc._
on
contingencies
Or
-
By virtue of the Association's ownership of the-securities of Boston
Consolidated Gas Co. and Old Colony Gas Co., it is a
holding company
as defined by the Public
Utility Holding Company Act of 1935.
It has
®
for exemption from the provisions of the Act, but, believing
that its application would be furthered by
bringing its capital struc¬
.
with
The new amendment,
'
709,180
taxes
Net
West
Plan of
'V
profs,
profs, tax (net)
Charge
in
lieu
of
acquired
simplification, a number of subsidiaries have-been consolidated
dissolved and their properties acquired by the Association.
& .excess
Exc.
of
■
—,
surtax
and
Virginia, Kentucky and Pennsylvania.
It later ac¬
quired approximately two-thirds of the voting stock of the Virginian
Corp.
Since the organization of the Association-, for the purpose of
•
corporation on Aug.
until Nov.
dis-
expense
taxes of the Ass'n:
Koppers Coal & Transportation Co., which directly or
through subsidiaries owned, leased and operated coal mines and mine
.
•
6 announced that its Regulation V credit >
Bankers Trust Co., Chase National Bank, Bank of
the Manhattan Co., and Grace National Bank of New York had been
amended to provide for $17,500,000 at? 2%%
interest on borrowings
The
agreement
Normal income tax &
re¬
stock
(later merged with Boston
Gas Co.), distributing gas and electricity
principally inthe Charlestown district of Boston. The Association also later acquired
in
Fairchild Engine & Airplane Corp.—Reduces and Ex-*
tends V-Loan Credit at Lower Interest—
debt-^
Miscellaneous
Income
stocks
Consolidated
stores
fund,
on
<and
.Co., and Charlestown Gas & Electric Co.
control
\
894,636
tax
——
Amortiz. of debt,
•
substantially all of the remaining common stock and substantially all
y?of the outstanding preferred stock of Massachusetts Gas Companies.
It later acquired all of the stocks of Old Colony Gas
Co., a gas utility
.serving territory adjacent to that served by Boston Consolidated Gas
,
(net)
for
res.
Balance
owned
/*
■
Pa.,
Association
to
•
——
contingencies
.operated coal docks, mine stores, a fleet of colliers and tug boats, and
owned directly
all of the outstanding stock of Boston Consolidated
Gas Co., a gas utility serving Boston and adjacent cities and towns
in
—
Exc. profis. tax
majority of the common
which through subsidiaries owned,
wholesale
..
-became
"
a
at
appreciation, $11,974,588; total, $23,964,605.—V. 162, p. 455,
Eversharp, Inc.—Chairman Elected—
473,549
2,229,048
debentures
Ralph' A. Bard, whose resignation as Under-Secretary • of the Navy
effective on
July 1, has been re-elected Chairman of the
board.
He had held that office before his appointment to the Navy
post.
Mr. Bard also has been elected a director and a member of
the executive committee.—V. 162, p. 568.
• ■*
10,071,681
1,455,895
711,468
gold
5%
Corp. due Feb. 1,
1953,
(incl. $687,000 applicable to
;
585,223
9,940,283
income
i /■ 290,101
$104,000;
Normal income tax &
and operated bituminous coal mines in West Virginia, owned
and operated a large coke plant and a blast furnace at Everett,
Mass.,
at
v
9,486,458
263J00
payable for securities purchased—not received,
accrued expenses and taxes, $31,164; accrued
$43,750; ^reserve for Federal income
debentures outstanding,
on
unrealized
,
.
Income & 'excess profits
taxes of subs.:
y/ y-y
leased
.sold coal
and
interest
tingencies
^
^
/and
———
Operating profit
Other income
Philadelphia jCoke Co. owning and oper¬
ating coke plants at New Haven, Conn.y and Philadelphia,
banks
and
rContinentai
.
10,199,006
opera¬
the
'■/ '
.
issued by American, British do
$2,100,000; reserve for con¬
Federal income taxes on un¬
realized appreciation of General Reinsurance Corp. and General Mafket Securities), $712,701; capital stock, $655,661; surplus, $8,342,139;
-taxes,
»
74,298,095
10,383,136
amortiz.
facil.)
emerg.
depletion
and the
commercial
from
•;./-/•;"
Sheet, June 30, 1945
accounts payable,
interest
..
10,571,373
depletion, amortization and provision for retirements but before other
income, income deductions and income and excess profits .taxes, was
derived
in
receivable
$601;
90,37-7,055
111,047,624 108,814,207 100,270,384
expenses:
85,424,406
carrying on of other
allied operations.' Based upon the results of operations for the calen¬
dar year 1944, the consolidated operating profit, after depreciation,
"
Balance
Liabilities—Account
—-i,,
—
—.—,
cos._i-
one
of such products,
agreement with Pantepec Oil Co. of Venezuela, C. A.
v
77,467,011
12,910,044
Public
-
Vi
295,862
giving effect to
on
hand, $932,549; accounts and divlaccrued, $9,546; general market securities, at market quotations (average, cost,; $2,559,451), $3,283,869; inv vestments
in securities, of subsidiary company, at net underlying asset
amounts (American General Corp.—book cost, $5,864,514), $15,565,927;
y investment in security of associated company, at closing bid quota-*
tion—over-the-counter market (General Reinsurance Corp.—book cost, ■
>$1,936,955), $4,172,713; total, $23,964,605.
/
'
•
$74,890
153,227
$76,626 :
301,131
$45,531
268,267
dividends—
•
$
94,112,467
$
coal
companies-
Commercial and coal
mining companies-
management an organization
primarily for the conversion of coal into coke, gas and other products.
It is engaged in the production, transportation and sale of bituminous
coal, the conversion of coal into coke, gas and other products, the
•
former
1941
•
The Association coordinates under
$20,913
operating expenses-
Assets—Cash
1943
2,154
3,263
2,377
,.
results of security transactions which in
"the 1945 period resulted in a profit of $368,063 after provision 6f *
$104,000 for Federal income taxes.
tNet income in connection with'a
stock
/
deb.
bo
1,770
♦Without
96,432,995
revs.:
and
845
indebt.
refunded
Preferred
495,000
/
History and Business—The Association is an unincorporated volun¬
tary Association established under a declaration of trust dated July 18,
1929, which provides that it is to be construed according to the laws
■
:
•
—
y
1,988,400 shs.
1944.
and
75,833
43,643
...
mining
-
cumulative preferred
6%
Webster
$200,741
42,217
80,625
$199,365
65,000
59,969
53,125
bank
on
$167,307
54,399
$135,781
♦Excess of income over
495,000
&
J—
expensesdebentures-
on
at source
y,
Blodget, Inc.
2,135,000
Spencer Trask & Co
715,000
Tucker, Anthony & Co._ 1,000,000
Whiting, Weeks & Stubbs
715,000
Tne Wisconsin Co
715,000
1944
374,138 shs.
„
500,000 shs.
2,000,000 shs.
(no pa?)
Note—Dividends
-
500,000 shs.
stk., unestab..series ($100,par)
Deane &
115,604
holders and taxes paid
Summary of Historical Consolidated Earnings for Calendar Years,
Costs and
•;
246,373 shs.
13,024
/
of
cos. :
—,
i
15,000,000
11,867
( dends
Public
Outstanding
//:
$40,000,000
:
-.
6,013
220,000
Stone
1,100,000
Total
Authorized
'
.
111,463
1,846
0
$76,254
95,340
Taxes
Smith, Barney & Co.— 2,135,000
& Co.
220,000
&
—
——
Capitalization Giving Effect to Present Financing
& coll. trust bonds
$76,554
84,321
Int.
Starkweather
1,100,000
&
W.
Scribner
2,135,000
Co.
$76,974
56,841
stocks
on
and sub.
Total
Hutton &
Inc.—— 1,000,000
Scranton
&
■
;
Co.
Singer,
Miller & Co.—
495,0,00
Stone & Co.—
650,000
Hemphill, Noyes & Co._ 1,100,000
;
$77,094
Interest
Pomeroy,
Chas.
Hayden,
above, the Association will use its general funds thereior.
1st mtge.
<
&
Hall & Co.
Kebbon,
1942
divs.
Operating
Sons,
2,135,000
Schoellkopf,
—
Ripley & Co.,
Hornblower
&
'J
1943
1,250,000
—
Rollins
■
1944
Jackson
Webber,
Inc.
1,100,000
Hayden,
Purpose—Net proceeds from the sale of the bonds, together with the
proceeds of $15,000,000 of 2Va%
10-year bank loans will be applied
to the redemption, on or about Sept. 15, 1945, of all outstanding first
•mortgage and collateral trust bonds, series A, 4%, due March 1, 1956,
of the Association at 10iV2 and interest, which, exclusive of accrued
H.
■■■■■■
Miscellaneous income—^
1,000,000
Co.
' '
Int. earned on bonds-
Langley & Co.— 1,100,000
450*000
Curtis
&
650,000
,
(Inc.)
the listing of the bonds on
C.
'
v
Months Ended June 30
Six
Account,
Gen: Reinsur. Corp.—
(Cash dlv3.. on stocks of
other corporations^^-
Moore, Leonard & Lynch
S. "Moseley &
y
1945
Cash
Amount
:
.
F.
Co.,
Co.
Inc.
Harris,
Association will use its best efforts to procure in due
the New York Curb Exchange.
Listing—The
W.
1,100,000
Co.
&
Harriman
property as may be applied to retire bonds at the special redemption
course
Name—
'
Income
//';■
v--;
1,100,000
___/
Republic
Estabrook
1
---■
y;
date
that
of
as
:■/
/■::-;•/■
Kidder, peabody & Co.- 2,135,000
450.000
1,000,000
Glore, Forgan & Co
2,135,000
Goldman, -Sachs & Co.„ 2,135,000
Graham,. Parsons & Co.
680,000
and
Stock..
assets
agreed
severally
set opposite their respec¬
^
■
be effec¬
but
y
have
2,135,000
(Inc.)
R. L. Day & Co.—
Co.,
below
amount of bonds
Corp.—.$3,050,000
Inc.
Central
order
■
Amount
Securs.
Blyth & Co., Inc.—
H.
shall
court
net
assoc.
Name—
Mellon
coupon
price.
the
//
A. G. Becker & Co., Inc.
Blair & Co., Inc
of
;
as
'■/../'/./'
■
_—
"
.
date
.
purchase the principal
tive
form, registerable as to principal only, in de¬
nomination of $1,000, and fully registered bonds in the denominations
Bonds
1,
Underwriters—The underwriters named
with the year
commencing
C
tive as of Jan.
on
"■
equivalent to $10,986.85 per $1,000
face value of assumed debentures, $118.80 per share of $3 convertible'
preferred stock (preference in liquidation $50 per share and acciU
mulated dividends), and $2.35 per share of common stock.
Comparable
figures for Dec. 31, 1944. were $9,686.63 per $1,000 debenture, $101.86
per preferred share and $1.76 per share of common stock.
Comparable
figures for June 30, 1944, were $8,938.58 per $1,000 face value of
debentures, $90.74 per preferred share and $1.47 per share of commOa
■ '■'•• y/y 'yyviy,
""-:y-I'>■/'/.y-:
^'yJ
of the Association to the SEC requests that the plan
be consummated
•
;
,
corporation' for the six months ended Juhe 30, 1945,
report of
shows
/'.:%':;/.
The application
'
Dated July 1, 1945; due July 1, 1965.
As a
tirement of the bonds, the Association on or
The
Co*, Inc., which at present owns 13.4% of the 6% cumulative
preferred stock and 78% of the common-stock of the, Association. > On
June 26, 1945, the SEC entered an order, consented to by Koppers Co.,
Inc., requiring Koppers Co., Inc.,'to sever its relationship with East¬
ern and its subsidiaries by disposing of its direct and indirect owner¬
ship, control and holding of securities issued by the Association and its %
pers
Aug. 8 offered to the public
on
Equity Corp.—Semiannual Report—
tion be reduced to
of 34 underwriters
$40,000,000 first
bonds, 3 Vi % series .due
1965.
The bonds were priced at 102.17 and interest, to
yield 3,35% to maturity. The issue was awarded oma
•bid of 100.5599. A second bid naming a price of 100.1599
for a 3.3/4% coupon was received from an investment
banking group led by Halsey, Stuart & Co., Inc.
y
which
)
plan also provides that the number of trustees of the Associa¬
nine, none of whom will be representatives of Kop¬
The
Associates—Bonds Offered-—Mel¬
lon Securities Corp. headed a group
Monday, August 13,194$
.' t
liliiltlillfillSilfiilM
'
'
Stocks—
;v
tions
:'u:);
" /.VyV;"'
Exchange has
Stock
York
New
agreement
By
between
of
all
for
stockholders
the
Curtis
1945,
"
;
the
of
V
A, M.
Feb. 3, *45
*
-
,v
■
"-v•;* '-tt'
Net '■ sales
Prov.
Fed.
taxes
Total
9,192,980
5,805,929
13,771,830
3,099,574
2,712,337
.
&
Boyce
Nicolaus
Stroud
&
White,
Co., Inc.
&
&
Co.
Whiting, Weeks &
This
in
Other
1945—Month—1944
—
$478,447
311,331
287,539
$25,999
$25,918
$167,116
from -railway
Net
6,000
tax accruals!
rents
,
.
T9~589
3~673 ;:
21,118
932
12,363
6,593
$97,635
$139,942
1,448
.
$166,123
36,000
"
3,499 v.:
V
»;..."
.
-
.
-
Net
ry.
O.ther
income
•
$15,052
'
;■
_
$21,313
2,314
Dr 1,662
1,887
$17,366
inc._T-
oper.
$19,651
$99,522
.
!
/
operating the Garfield Building, Los Angeles, Calif.,
the operations of the property for the six months
1945,-shows a profit of $15,847 before provision for
of
dividend
a
$2
per
slight Increase in
period increased $5,731
Dr3,399
:•
Cal.—Pays Div¬
Co., Los Angeles,
Building
$2—Issues Semi-Annual Statement—
report on
dune 30,
relatively
A
$0.93
2218.
p.
(
availability of cash, the directors
share; aggregating $15,000, for the six
months ended June 30, 1945,
This dividend, payable Aug. 1, 1945; to ;
stockholders of record July 16, 1945, represents a distribution of 96.28
cents per share from current earnings together with $1.0372 per share
from capital surplus.
This compares with $1.50 per share paid Feb.
1, 1945.
The gross income of the property amounted to $70,616 for the six
months ended June 30, 1945, as compared with $64,662 lor tne preced¬
ing six-month period, or an increase of $5,954 for the current six
months.
Total operating expenses increased only $223 from $54,546
during the preceding six-month period to $54,768 for the current six months.
As a result of the substantial increase in gross Income and
$453,662
47,244
ry;
161,
.
$73,162
•
its
declared
1945—6 Mos.—1944
'
49,301
„„n—
$528,258
$0.82
$0.75
,
Federal income tax and depreciation.
In view of these earnings, and the
Stubbs./!? 1,000
$75,300
income- tax—_
1943
$579,831
51.573
$465,146
$419,653
stock
common
company,
ended
1,000
2,000
Co., Inc.-———
Weld
idend of
2,500
1,000
—.
revs.—_
operations
Federal-
profit for
Garfield
3,000
oper.1 exps.—
ry.' oper,
.Net rev.
9,.445,567
4,974,326
:
Bros.
Stifel,
<
p.
Railway
on
•income
Stein
&
Fonda, Johnstown & Gloversville RR.—Earnings-
163,395,293
18,746,156
14,013,757
8,518,266
1,000
1,000
Period End. June 30—
•
90,551,339 182,269,101-
12,292,554
——
for
Net
profit per common share——
;*On 563,286 shares outstanding.- -V.
3,000
3,000
Co.—__
1944
47.612
$467,265
47,612
requirements...
1,000
Gardner—__
Reynolds & Co.-—,
E. H. Rollins & Sons Inc._
Reinholdt
•
—V.; 162,
Annual periods ended
Feb. 3,'45 Jan. 31,'44
^
t»r-:4•" J
/•"
J
t
Securities
Maine
'
(inel. subs.)
Jan. 31, '44
101,540,290
♦Profit
,
20
Semi-annual per. ended
„
\
July
on
Comparative Income Statement
,
'
company
Pacific Northwest Co.—
Miller- & Co.——
1,000
Kidder. & Co.—2,000
Jones,
voted to increase
the authorized preferred stock from 160,000 shares to 200,000 shares
apd voted to change the voting power so as to give full voting rights
to the preferred,- stock.■; !•/
fy s
i
V.The proposal to increase the authorized amount of preferred stock
is, in anticipation of possible future use of the increased amount of
preferred stock for transactions other than the Foley Brothers acquisi¬
tion.
The preferred stock to be issued in the Foley Brothers transac¬
tion will be preferred stock of the same series as is now issued.
The ( stockholders
;
div.
♦Net
3,000
2,000
E.
1,000
Granbery, Marache & Lord
Hornblower & Weeks—__
stock
Preferred
$512,758
1945
Net profit after, prov. for Fed. taxes
Shares
F. S, Moseley & Co.——
M. Newton & Co
11,500
—
__
Boston Corp.Cii 11,500
Coburn & Middlebrook—, 1,500.
Ekabrobk & Co.-_---^»~wv,' 3,000
pany.
■?
Gardner-Denver Co.—Earnings—
re¬
each has
which
stock
V'V.i
the
and
.
The -First
Foley Brothers agreed to participate in a
of
stockholders
addi¬
6 Months Ended June 30—
preferred
Jackson
Webber,
Paine,
plan of
reorganization,
by
which all of the outstanding capital stock of
Foley Brothers is to be exchanged for 31,500 shares of the 4(4% •
preferred stock and 10,000 shares of the common stock of the com-
the
,
possible
for
Shares
■?.
17,
and
underwriters
several
the
numbers of shares of the
agreed: to purchase are. as .follows:
and the company,
Brothers
Foley
of
V''.1:
dated May
reorganization,
of
plan
a
yV:,
(Texas)..
Brothers Dry Goods Co.
of
names
spective
,
of Foley
finance its operations
the plant.
to
improvements to
or
Underwriters—The
authorized the listing of 31,500
additional
shares
of
4V4%
convertible preferred stock and 10,000
additional shares of common stock upon official notice of issuance
in accordance with the terms of the agreement with the stockholders
The
capital
working
as
Department Stores, Inc.-—Listing of Addi-
Federated
tional
■v.
671
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 44i 1
Volume 162
Profit
and
Loss
current.
operating profit for the
expenses,
56.65%.
or
Statement
Six
for
80
June
Ended
Months
1944
1945
A
Net
Divs.
pfd.
on
.subs,
•
__
stocks
companies
Portion
•••
!_
profit
of
Miscell.
of
Fixed
90,209
90,465
45,105
45,359
••—
.interests
Net
in
&
prof,
all
funded
542,862
603,347
350,502
peprec.
2,664,860
1,009,962
$2.39
$2.16
eral taxes .on income.—V.
—V.
Sr.
2,259
2,259
13,558
$10,983
$64,456
Balance,
Sales
{-
Stores
1G2,
Commission
Commerce
Interstate
The
Aug.
on
7
authorized
per
♦After
the
lantic
ended
Coast
Line
at
a
reorganization will'
petition
Inc.—Preferred
Foods,
amount reserved for
offered
first
was
in
received
been
had
by
of
excess
*
selling group members.
The stock >.
the underwriters to stockholders;
The
$2
per
annum,
cumulative from
in
in
-
'<
into
shares of
5
by
organized
Company—Was
f.
stock.-
National
'
Research
common
Corp.
-
r
of
source
will
of
in
powder
Corp.
to
form.
Company
has
a
license
from
world.
National;^
com-
A
Corp.
other ;
juice
an
build a plant In Plymouth, Fla., capable
of producing 5,500 pounds
of powdered orange juice per day and
5,000
gallons of
concentrate of which cne-half will be used for
making the powder. Company's principal office will be at the plant
in Plymouth, Fla.,
but pending construction of the plant its office
is
National
First
While
the
to
proposes
company
Bank
company
Building,
Orlando, Fla.
has a contract with
the U.
_
company
market
at
——-
1945,
trust
time,
A'\
30th,
two
of
dividends
date.
from
the
on
-•
—
of
the
103,725
_
.
Bond
Months
Six
Ended
1945
'
r—:
56,000 shs.
♦450,000 shs.
the
preferred
authorized
,
of
secur.
&
interest
unissued
June
28,
1945,
be
to
are
company
entire
the
reserved
at not less than $10 per share.
shares of common stock
140,000
i
•
the preferred and common stock is Old Colony
The transfer agent for
♦Net
-
-
ferred
i
$46,508;
income
total,
•'
*
$873,701.
(unearned
rentals),
$873,701,—V.
lease deposits,
$5,358;
161,
$155,424
Dr.
p.
669.
income-
$150;
,
net
to
the
for
_!__
(loss
profit
in
surplus.
earned
months
six
_____
of
$114,058
$128,457
was
V-
.
'•'
>•
$158,674
sales
profit
net
investments
of
from
sale
$541,776.
Balance Sheet, June
80,
carried
of investments
"' ,> !-!!
1945
market quotations (cost $12,340,440),
under custodian agreement, $268,167;
•Assets—Investments,
at
deposit
Cash on
484,025;
$15,divi-'
receivable, $30,£36;
$115,350;
cash
receivable on subscriptions to capital; stock,
deposit for scrip redemption and-unclaimed divi¬
on
dends, $2,801; total, $15,900,879.
a
Liabilities-—Payable on own capital stock repurchased, $20,309; pay¬
for securities purchased, $64,573; accrued expenses and miscel¬
and unclaimed dividends,
$^,801; capital stock (par $2), $1,088,496; capital surplus, $11,023,319;
earned surplus, $541,754;
unrealized net appreciation of investments,
$3,143,585; total, $15,900,879.—V, 161, p. 2332.
;
$16,042;
taxes,
unredeemed
(Robert) Gair Co., Inc.
scrip
Profit
after
Prem,
1945
1944
1943
$1,566,319
$1,223,410
Fed,
income
1,236,000
809,000
retirement—.
and
exc.
107,000
profits taxes
1,282,000
Net
No.
profit
of
—
common
Earnings
per
__
_.
;
$393,116
$330,319
$414,410
1,231,517
1,134,176
1,133,822
$0.20
—
shares-.
$0.19
$0.27
$196,729
$260,211
$0.12
$0.18
share—__
1
Quarter
Net
ended June 30—
profit
♦Earnings
f$187,285
per
shares
common
.•;___
$0,08
,
For
June
1945
quarter
share, against $196,729
—V.
161,
.
tAfter
deducting
$107,000
retirement of, debt.
the
p.
2659.
or
12
net
cents
profit
a
v
'Clarence
162.
9.
p.
...
was
share
in
Deals in Rye—
.';t
.
and Austin S. Igleheart, President,
in a letter dated July 27 to the company's employees and stockholders
concerning a complaint issued against the company by the War Food
Administration on May 26. alleging that the company and others had
"cornered" the rye market and manipulated prices of that grain in
violation of requirements of the Commodity Exchange Act, saidi
;
"Preferably, wc would have deferred comment until after the true
facts
had
before
cuss
the
Chairman,
Francis.
been
made
that
have
situation
company
a
but
referee),
a
comments
with
record
hearings to be held soon
misstatements andi unfair
made, your management would like to dis-
matter of
in
view
been
of
(in
certain
you."
in the rye market from Dec.
was
1, 1942, to April 23,
buy rye/which was
reason was to
against possible reduction of profit in
corn products.
The combina¬
tion
of
price ceilings on products made from corn and wheat and
advancing prices of these grains threatened the company with a
letter
the
1945,
cheap,
as
a
continues.
means
The
of Guarding
the manufacture and
sale
of
wheat and
squeeze.
f
] '
"Thus, to protect jobholders and stockholders we attempted : to off-'
anticipated losses," it says.
"Our maximum holdings of 9,250,000
of rye were not excessive in
the event disastrous corn and
wheat shortages had occurred, in view, of the fact that our;annual
manufacturing reauirements of wheat and corn, and their products,
amount, to approximately 16,000,000 bushels.
"We didn't make any money on the operation.
After paying the
storage and handling charges we even lost some.
.From early 1944,
when
for
$187,285,
the
June
or
8
1944
cents
a
quarter.
the
General
holding
rye
no
Foods
convinced that its reasons
gradually disposed of me rye.
the supply in sight),
management was
longer existed,
we
top holdings were approximately 29% (of
44%
of the amount in commercial storage.
Our
our rve holdings, the price per
5 to $1.12 on May. 23
That is
arbitrary and abnormal settlement.
;
«We
low
know,
of course,
the possible shortages m otner
grains fortunately did not develop; we now know that research into
new
commercial uses for rye has not proved fruitful; we realized no
profit
Realizing that hindsight is better than foresight, we must
answer that our transactions seemed wise at the time.—V. 162, p. 568.
"During May, 1944, at the peak of
declined from $1.32^8 on May
bushel
not
'.♦After preferred dividend .requirements.
premium
and Director of
,
_
"
Vice-President
bushels
$1,782,116
.charges—
debt
on
as
set
(& Subs.)—Earnings-
6 Mos. End. June 30—
.
*•
resigned
has
will, however, continue his active interest in the corpo¬
to the President in technical and development
General Foods Corp.—Tells of
.The
able
laneous
Williams
He
consultant
as
matters.—V.
6,300
1943). on
The
1945
'
C.
Corp,—Resignation—
34,540
3,375
E.
ration
$169,296
37,991
General Aniline & Film
Research.
5,833
54,478
.
$23,196*
$24,246
Sheet, June 80, 1945
Liabilities—Accounts payable (trade), $5,985; accrued liabilities, $6,941; guests' and sundry credit balances, $875; taxes payable or accrued,
$46,463;- accrued interest on bonds at 5%
per
annum,
$2.1,874; de¬
$163,463
$155,392
taxes
Federal
income
directly
dends
\
'■ .
Purpose—Of
the net proceeds (estimated at $2,560,000)
approx-V
Imately $1,100,000, it Is expected, will be applied to the construction
and
equipping
of
the orange juice plant of the company to be
erected at Plymouth, Fla.
The exact amount to be spent for this
purpose cannot be precisely determined at this time, and the company
has
no
firm. contract for
the construction at that price.
On the
basis
of
estimates, company believes that the necessary plant can
be put in
operation at that price.
The balance of the proceeds,;
together with the $1,500 to be received from the sale of 15,000 shares
Of common stock to the underwriters, will be retained by the company
/
:
20,711
2,299
14,415
i.
surplus
$204,211;": total,
$213,152
for
♦Before
-
outstanding were
Trust Co., Boston.
taxes
etc., $78,142; accounts receivable
(trade), $7,805; Inventories,
fixed assets ' (net),
$716,445; prepaid expenses arid deferred"
$1,065;
1943
32
Total
Provision
to officers,
owned by National Research Corp. The1 outstanding
shares include
15,000 shares not now offered but which are to be
sold to the several underwriters at their par value of 10c per share.
34,085
2,237
expense.
Assets—Cash, $23,737; cash held by co-trustee under terms of trust
indenture, for payment of taxes, insurance, bond interest and retire¬
; '; V
Expenses
56,000 shs.s
tl55,000 shs.
for future sale
6,363
$80,292
12,617
Income
4,006
v.
June 30
bonds__\V.
on
;
stock have been reserved for conversion
additional 15,000 shares of common stock'
An
directors and employees of the
,1 tOn
'
but
stock.
98,429
21,874
of bond
'
$73,929
$75,389
Balance
the capital gains
12 month period
»280,000 shares of common
of
L
bonds retired—
.Balance,
31,426
:r'A 1944"'
$213,152
Taxable divs. received in the form
Outstanding
Authorized
stock—
1944
$172,358
120,152
interest—!-
Federal
"
1945
$191,535
$71,383
on
„
the
,
.'
.Total
of
terms
(Accrual Basis)
L
Discount
.
Statement for
^Income—Cash dividends
preferred stock until approximately,;
■ <v;... A1-A' '•;;
V;
<
$2 cumulative convertible pfd.
Common stock (par 10c)
the
reserves.
Statement
Loss
•——
Profit
of
net. assets
i-.:'
•
tjCapitalization Giving Effect to Present Financing
A
and
under
'
cannot be completed until approximately a year from
and the management dees not expect to even consider the
years
Profit
-
required,
6 Months Ended June 30—
$15,797,154 $12,420,423
89.8%
Income
operation
j payment
is
indenture, to set up certain
Income
and at the end
just ended.
It is planned
to complete the construction of the plant in time
utilize the later part of the orange crop in 1946. Such a program
hecessarily
is
dependent upon securing materials,
and delays in
'construction may be encountered.
In any event the first full seasonA",
date,
who
mortgage sinking fund bonds, due July 1, 1951, $874,967; capital stock
(par $1), $989; paid-in surplus, $114,310; earned surplus (deficit),
June
!
this
co-trustee
•
1945, after which $69,129 remained on
Departmental cost, admin, and other expenses--
30, '45 Dec. 31, '44
$15,900,879 $12,451,849
——
; to
1
Aug. 1,
on
Depreciation
'•
.'of
the
•*;> June
.
S. Army for a sub¬
necessarily had no experience in the sale
generally to indicate whether., its operations on a
basis would be profitable.
.
:
made
valuation of $24.73, and, after giving consideration to
dividend paid in Dec.,; 1944, a gain of 24.3% for the
product
competitive
bids
charges,
the company, has
and
its
of
receive
the company were in¬
vested in common stocks, 8.2%
in appreciation-type bonds and pre¬
ferred stocks, and 2.0% in cash or its equivalent.
The per share net asset value of company on June 30,
1945, was
$29.03.
This represents
an
advance of
17.4%
from 4the
year-end
of its 1946 production on terms which it is believed
profitable, that contract is subject to termination at any C:
be
South
433
1945,
under
was
I
stantial portion
should
15,
Aug.
1
assets at market
,Net
co-trustee,
Co.,
funds
deposit .with
ment,
__
until
accepted.
distribution
of the metal when submarine
parts of the world.—V. 161,
June 30,
on
■"
«
Liabilities
On
experimental plant constructed by it in Florida during
the past year with results which have been sufficiently satisfactory
to warrant a contract from the United States Army for a substantial,
amount of orange juice powder.
The
assets
Total
use
While this process has not yet been operated
mercially in connection with citrus Juices National Research
has successfully applied its high-vacuum process to a number of
fields, and has tested the process in the production of orange
the
out
the
of
were:
Trust
corporation,
co-trustee
sufficient
'
'/A''
Florida
or
dry
1944
;
&
will
Calif.,
it was announced on July 31, has deposited with
the
trust
indenture
securing the above bonds
during the six months ended June 30, 1945, to enable
the co-trustee to pay to the holders of said bonds 21/2% interest.
The
the
he
Manganese Corp.,
be
>The
share
AAA-
of nickel.
supply
Cuban-American
The- net Jissets
trate
•-powder in
,
a
Fundamental Investors, Inc.—Semi-Annual Report—
of
the processes developed by that corporatio'n
within the continental United States and to sell the products through—
'
or
'
,
12,
Research
.
$229,938,
19 cents
Insurance
Angeles,
Amortization
^
other
.
(included above)
1945, $112,364, or. 14 cents a share for the
29 cents a share for the first six months
of
2108. '
p.
1945, for the purpose of producing and selling orange and L
citrus juiees reduced by a vacuum process to a liquid concen- i
April
-
quarter
insurance" against a threatened shortage
warfare menaced the output from other
part *at
inclusive,
1951,
,
1944
liquidation,
or
in
and
said, had supplied 12%
of
all
of
the manganese
used in American- steel
mills since the
beginning of' the war, and the project had proved to be "effective
whether voluntary or involuntary..
Callable,
the option of the company upon 30 days'
notice
on
any
dividend date beginning Aug. 1; 1946, at $50 plus
accumulated dividends.
Convertible from Aug. 1, 1946, to Aug. 1,
in
whole
$949,000
and $176,655, or 22 cents a share for the first six months
1944."
/. A
AAA':;'' %:?'' V ':■>?>>;*
Aug. 1, 1945, and
dividends
second
quarter;
The
is entitled to preferential dividends at the t.
payable quarterly Nov., Feb., May and Aug., A
to payment of $50 plus accumulated :,
stock
preferred
of
rate
*'
1944 $393,000.
in
were
Title
Spring St.,
for the
sale to it of income mortgage sinking fund bonds dated July 1, 1936, ,
to an amount sufficient to exhaust $37,907 held for this
purpose..
All .
tenders will be opened on Aug. 15, 1945, and lowest offers submitted '
"
stantial
The issue is offered
•
taxes
161,
Gay lord, Inc. (The Gaylord Apartment Hotel),
Calif.—Tenders Sought—Pays 21/2%
In¬
The
commenting on the war activities of the company's subsidiaries
Langbourne M. Williams, Jr., said that thhe Nicaro Nickel Co.; which
built and
operates a plant at Nicaro, Cuba, for the Reconstruction
Finance Corporation, is producing nickel at the rate of approximately
2,000,000 pounds a month.
The plant
was
constructed during the
early days of the war to provide the United States a second sub¬
-
of National Research Corp, at the price to -the public.
as a speculation.
v
1945,
$536,895—V.
total,
$37,580;
830.
p.
Angeles,
Los
quarter
For the
In
original
the
30,
(deficit),
surplus
160,
terest—Earnings, Etc.—
for
reserve
for the
1945,
of
•
'
the
of
Sold—Paine,"
Stock
June
earned
767fV.
Los
'
profits taxes
excess
totaled $463,000 and
1945,
ended
and
the Cuban-American Manganese Corp. was $149,195, or
for
-Webber, Jackson & Curtis and The First Boston Corp.
announced Aug. 3 that up to the close of business Aug. 1
subscriptions for the issue of 56,000 shares of $2 cumulative convertible preferred stock, (par $5)
at $50 a
share
30,
depletion,
depreciation,
,
income
The company's portion of the net earnings
(2)
,
.
1944
Florida
June
$645,000.
"
!
including
.
months
six
-
the Southern said it was intervening to protect the
system's interests "in the valuable interchange of traffic at Jacksonville with the Florida East Coast Ry."—V. 162, p. 568.
its
In
:
$1.96
charges,
per
$23,277;
(The)
$1,265,862
$1.58
$1,569,385
$0.83
Federal
Notes—(1)
RR.
hearing on the Florida East Coast's
date and place yet to be announced.
further
A
$1,527,766
$2
1945—6 Mos.—1944
$664,436
$0.95
taxes, etc.
be held
charges, $25,639; total, $536,895.
at
accrued,
or
p.
1945—3 Mos.—1944
chare.
com.
all
System to intervene in opposition to the proposed.
acquisition of the reorganized Florida East Coast Railway by the At¬
;
$1,729,302
and
expenses
payable, trade, $995; dividend payable, Aug. 1,
share, $15,000; accrued liabilities, $464; taxes payable
reserve for repairs, $361; deferred liability, street
assessment
bond
payable,
7%, $5,052; lease deposits and advance
rentals,
$1,140;
capital stock
(par $lflj,
$75,000;
paid-in surplus,'
1945,
"'
•
,
—$764,397
profit
Earns,
Intervene—
Southern Railway
v
"'t
Period Ended June 30—
♦Net
Florida East Coast Ry.—Southern Road to
'
lease¬
$1,144;
Liabilities—Accounts
Corp.—July Sales Increased 13.2%—
'
19%5
A 1944
247.
p.
Sheet, June 30, 1945
Assets—Cash, $29,863; accounts and notes receivable,
estate, equipment,>etc. (net),• $480,249; prepaid
$453,185;
247.
p.
162,
$5,817
$7,221
;
hold
5 Freeport Sulphur Co.—Earnings—
$3,281,831
$3,579,646
$569,449
$588,195
—_—
—V.
18,069
17,880
3,031
2,980
equipment)-
162, p. 247.
—V.
surplus
Balance
1945—7 Mos.—1944
1945—Month—1944
1,475
:
$97,473
& struc-
■Month of July—
(M. II.) Fishman Co., Inc.—July Sales Up 3.3%-
$12,968 '
7,151
7,151
taxes
13,558
$10,858
:
Period End. July 31—
52,834.
$15,847
L——-
income
deferred
162, p. 456.
54,768
Depreciation
Federal
-
Franklin
Fed-
$65,802 '
:
——
Profit
$111,031
$3.61
for
provision
$70,615
;
—
13,692
10,553
$78,014
on
debt
(way
'tures
.
975,956
$3.75
depreciation but before
and
3,935,119
4,280,514
1,009,962
2,316,730
975,956
sh._
com.
expenses
interest
$13,117
income
Net
to
shares
com.
chgs._*
—
Expenses
'
389,355
applic.
per
-♦After
2,027
$13,242
Income
11,820
10,954
4,381
2,691
1,557 -v,
"aftA fxd.
Contingent,
common
of parent companyNo. of common shares-
Net
—_
$136,543
'
.
.
deductions
%
•
charges
Inc.
subs—
of
profit
<%:■ pfd.
——„
net
profit
.applicable io minority
.stocks
Income
Total
4,568,190
the
imposition
of
an
<
THE COMMERCIAL & FINANCIAL CHRONICLE
672
General Investors
Trust—Earnings—
6 Mos. End. June 30—
Income—dividends
Int.
bonds accrued
on
i
>
$49,923
,-$49,616
10,392
$49,228
8,389
—
1943
"1944
1945
12,495
1942
$45,657
17,137
adopted an amendment to the company's certificate of incorporation
increasing the authorized number of shares of common stock from
1,500,000 shares (par $10) to 3,000,000 shares (par $5), and providing
that each present share of common stoek (par: $10) be changed into;
two shares of common stock (par $5),
Company proposes to file an
with. the. Secretary
amendment
Total
income
$57,617
*Net
$62,419
$62,794
8,594
10,905
8,425
/
Dividends
_
/
realized and unrealized gains or
including
$54,368
$51,513
$51,415
46,831
$49,018
income
*Not
$60,009
8,599
_———
Expenses'
50,062
losses on securities,
47,830
the
of
based on market
/:/•' /v-r/-
1945,
30,
June
at
Trust
$6.12 per share.
values, amounted to $2,222,170, or
June 30, 1945
Balance Sheet,
'•••
/'•;
owned at quoted market prices, $2,160,666; cash
in bank,
$52,859; dividends receivable, $12,967;
accrued interest on
bonds, $5,226; due from brokers, $17,207; total, $2,248,924.
'Assets—Securities
Liabilities—Shares
$1,423,676;
of beneficial interest (par $1), $362,554; capital
unrealized appreciation of securities owned, $418,-
undistributed income, $17,466;' dividends payable July 20, 1945,
$21,753; due brokers on redemptions, $4,353; accrued miscellaneous
taxes,
$128; reserve for capital stock tax, $520; total, $2,248,924.
V. 161, p. 2786. '
474;
stock.
10-year 5% convertible subordinated deben¬
tures have been called for redemption on Sept.. 24, 1945, at 102 and
interest.
Payment will be made at the office of The Pennsylvania
outstanding
the
of
Granting Annuities, trustee,
Immediate payment of the
full redemption price together with accrued interest to Sept. 24, 1945,
may be obtained at any time upon presentation and surrender of said
Insurances on Lives and
15th and Chestnut Sts., Philadelphia, Pa.
for
Company
real
•••'
'''
h
■•
•-
•
1
<
of
convertible into class A common stock until
the close of business Sept. 14, 1945, at the current rate of 72.6 shares
of stock for each $1,000 of debentures.—V. 162, p. 569.
*
debentures
These
are
1945
1944
1944
Operating
revenues
$15,575,053
Maintenance
—
——
As
June 30, '45
$30,615,154
2,082,486
4,466,974
—2,248,765
amortization
2,096,696
_
commercial, general office
salaries & other operating exp—
4,215,624
2,109,420
of
4,693,306
excess
772,95r.
788,670
3,854,663
474,878
162,290
2,390,899
$949,175
$856,519
As
of
Jail; 1, 1945, the company had also guaranteed the payment
principal of and interest on mortgage bonds of its subsidiary,
Grant
Realty Corp., in the, aggregate principal amount of
$920,000, bearing interest at the rate of 23A% per annum, payable at
the
of
W.
of
under
$20,000
store
in
Grant
rather
Co.
than
Company operates
States
in
and
Dividends
218,537
218,750
437,287
preferred stock
on
balance
Income
■
;
——
been
selling
$637,769
$730,638
to
a
for cash.
found
balance
Dec.
on
1,
$1,380,596
reduction in 1944 Federal income and excess profits
tax resulting from refunding of bonds in 1944, credited to unamor¬
tized debt discount and expense.—V. 161, p. 2219.
"Equivalent to
acquire
The
desirable
to
bulk
cents
sell
to
company's merchandise is sold
items
in
excess, of
order
in
$5
Net
$6,547,258
and
costs
$5,530,130
$3,733,938
5,269,280
-
Operating
(& Subs.)—Earnings
June 16, '45 June 17, '44 June 19, '43
sales
4,276,569
3,372,933
expenses
approximate number of articles regularly carried by the respec¬
stores
varies
according to the size of store and ranges from
approximately
and
sizes;
to
1,500
not
12,000,
-
■
Among the
-
principal
including variations as to colors
v.-:<
types of merchandise
sold
men's,
are
operating
Total
$1,277,978
income—'_
net of
income,
income
for
Reserve
9,133
$1,286,110
932,486
for inc..& excess profits taxes
Prov.
$1,253,560
8,132
V,;
expense—
contingencies—
$361,005
"
Drl.608
$359,398
$1,262^693
932,757
■
209,371
151,003
apparel, including millinery, sportswear, and accessories,
and
footwear;
dry goods, including domestics,
accessories;
smallwares, including toiletries, costume
jewelry, leather goods, notions, books and stationery; home furnish¬
ings including housewares, rugs and occasional furniture, electrical
goods, paint, hardware,
garden and pet supplies; toys and candy.
hosiery,
underwear
and
Luncheonette
The
departments
are
in
operated
of
96
its
stores.
sold
the
by
amount
merchandise
of
which
is labelled
which
under
Underwriters—The
is
made
brand
several
the company's specifications
names owned by the company.
underwriters
below
named
have
agreed
severally, and not jointly,
the
after
number
their
$100
to purchase from the company at $100 per
shares of 3%%
cumulative preferred stock set
of
respective
per share.
and
names
to offer such shares to the public at
has agreed to pay each underwriter, as
The company
compensation, an underwriting
chased by such underwriter.
commission
Lehman
C.
A.
52,781
38,233
$277,156
$170,162
Brothers
Allyn
of
$2,125
per-share
Bache
&
balance
Earnings
per
243
the
$144,253
Dodge
share
June
16,
share on common,
a
for the
Granite City
24
$0.67 .;'
$0.33
ended
weeks
1945,
profit
net
$0.35
$496,702,
was
17,
a
1944.—V. 161, p. 2332.
•'
Sales
1944
1945
(net)—— $10,936,551
sales, sell., gen.
Cost
1943
$9,117,903
$9,263,312
8,157,293
admin.
Depreciation
V
Freres & Co.—-.
Fenner
F.
&
Moseley & Co._—__,
Pacific Northwest Co.—!
&
1,000
Putnam
L.
F.
Rothschild
I.
M-
Simon
454,499
&
The
5,000
Stone
&
1,000
Spencer
Goldman, Sachs & Co
Granbery, Marache & Lord
Hallgarten & Co
■—
5,500
Union
2,000
G.
4,000
Watling,
2,000
Wertheim
4,000
White,
1,000
The
&
&
Co
Co.—-
——
Weeks
&
&
Walker
&
.
5,000
Co.——
.
4,000
Corp.—.
.
5.000
.
2,000
.
2,000
Co
„
&
Co._
Co
.
Co
.
.
Statement,
Years
Ended
1945
Jan.
/ '...
..
$365,226
Total
income
Interest
Net
profit
per
"No
$631,913
22,122
23,030
$402,153
$501,766
56,352
$654,943
$516,876
50,623
46,091
61,410
137,457
111,873
129.042
'
139,946
;
inc. tax.
110,000
*137,000
$203,685
$221,913
*210,000
•
$205,856
share_
com.
provision for
necessary
$0.54
adjustments.—V.
161,
$0.53
profits tax.
excess
$254,490
$0.58
$0.66
tNo Federal income
has tax credit
company
as
Sales
of
account
tax provi¬
retroactive
wage
Total
of
Cost
Selling,
Other
-
concessions—
from
„-
—
—
sales
' '•
'•
J-
••
118,994
,v;v
J
.
113,746
,
'j'•*>;
113,572
175,579.818 164,097,063 154,318,025
320,428,703 113,528,955
126,787,414
admin,
general &
33,563,999
after
Total
10,539,806
115,154
9,886,712
101,577
—
income
15,340,009
528,940
10,654,960
2,197,000
—
deductions
2,114,000
4,980,000
Cr498,000
3,810,345
22,175,813
3,762,223
20,427,516
tax
profits taxes__
9.453,000
tax
Cr931,000
for
excess
portion
and. surtax
prof,
excess
smaller
Mr.
Aug.
8
stock
headed
shares
150,000
($100
underwriting
an
par)
at
of .3%%
$100
cumulative
share and
per
dends from July 1.
agreed with the company to use their best
to
holders
of
outstanding 5%
accrued
divi¬
cumulative
several
efforts to make avail¬
preferred
stock
2,096,500
4,250,000
tion
accrued
The
or
and
selected
thereon
the
to
dealers
per
date
such
upon
share
plus
to
fixed
be
preferred stock is redeemable
exchange at the
amount
an
for
at $104
equal to
redemp-.
dividends
redemption thereof.
share if redeemed
per
on
before Aug.
1, 1948; $103 per share if redeemed thereafter and on or
1951; $102 per share if redeemed thereafter and on
or before Aug.
1, 1953; $101 per share if redeemed thereafter and on or
before Aug. 1, 1955, £nd $100 per .share if redeemed
thereafter, plus
an amount equal
to accrued dividends in each case.
before
Aug.
1,
Transfer agent,
Trust
Co.
Guaranty Trust Co. of New York; registrar, Bankers
'•.■v-'
;
■■
■;
Listing—Company intends to apply in due
the
3%%
Exchange.
cumulative
preferred
stock
'
■
Purpose—Net
proceeds
To
(estimated
for the
course
the
New
of
.Capitalization
Adjusted
will
be
applied
"The
stock
holders
(par
of
Reflect
Present
at
28,064,301
25,986,158
24,189,739
348,830
348,830
of
and
1,665,096
1,665,096
26,050,375
year
Balance
demand
23,972,232
U.
123;
one
Federal
year),
tixes
on
$157,333;
S.
Sheet,
deposits,
payable,
real
estate
Jan. 31,
$17,028,996;
ten
S.
nearly
for
a
1,500,000 shs.
meeting
held
Period End. July 31—
Sales
$9,550,355;
accrued
$1,047,731; long-term
liabilities,
debt
(due
mortgage bonds, $2,394,000;
$1,716,-
p.
real estate
Seven Months
Ended
18,
1945,
1944,
due
assuming
last
to
through
the
year's
that
proposal.
new
the
reduction
refinancing
The
would
times
have
earned
its
out
for
the
ten
income
higher
tax
accruals
the
favorable
very
annual
1932
years
fixed
to
account
1941,
of
the
maturity situation
With
be
the
operation.:
materially
of
reduced
the
sinking
when
funds
maturity
these
finally
9%
June,
over
first
to
ton
&
six
figures
the
over
Mr.
was
on
same
Gavin.—V.
is
in
ry.
of
the Chicago,
for
the
the
for
same
month
the
in
Burling¬
period in
of
July an
nearly $2,000,000, or
11%,"
.-?■
RR.—Earnings—
1945
1944
1943
1942
$233,125
$216,576
$188,336
railway.^—_
47,569
37,266
70,778
56,546
Income—5,332
*11,481
40,664
26,629
1,379,720
1,419,708
1,323,281
1,102,929
288,444
359,890
495,035
352,278
52,463
112,866
313,588
178,310
cper.
from
Net ry.
estimate
1944
$6,200,000
$249,275
From January 1— '
Gross from railway
Net
item
income
net
Included
railway—
from
from
Net
similar
in
increased
approximately
$2,375,000.
over
569, ;
Green Bay & Western
Net
increase
an
from
1945,
June,
of $2,075,448 from
revenues
p.
June—
Gross
of
was
year
or
no
period
162,
month
there
the
1945,
dividend
a
the
and
of
in
There
"Latest
1944.
increase
1944,
months
$8,578,000
Quincy.
for
revenues
railway—
income
oper.
••
; "Deficit.—V. 162, p. 134.
(II. L.) Green Co., Inc.—July Sales Ro$e 3.3%-—
\
Period End.
July 31—
1945—Month—1944
$5,009,177
—-----—
162,
•
1945—6 Mos.—1944
$4,850,602 $30,920,185
$29,688,524
247.
p,
-
Greenfield Tap & Die Corp.—Partial
D.
G.
has
Millar,
called
President,
for
mately one-half) of
share and dividends.
so
called
its
Aug.
on
redemption
2
Sept.
on
outstanding
Payment of
Redemption—
announced
10,
$6
the
that
9,004
next,
preferred
the
corporation
shares
stock
(approxi¬
at
$105
per
redemption price of the shares
for redemption
will be made at the Central Hanover Bank &
Trust Co., 70 Broadway, New York, N.
Y., at any time upon surrender
of the certificates therefor.
f Two New Directors Elected—
Samuel
S.
board of
Bragg
stantial
Berger
and
Raymond
directors to fill
J.
and
B.
holdings.
& Trust
Co.
of
Mr.
New
C.
Ball
have
been
elected
the
to
vacancies caused
Roys.
by the resignations of T. E.
Berger, a stockholder, represents sub¬
is a Vice-President of the Chemical Bank
Mr,
Ball
York.—V. 161,
2109.
p.
Guardian Life Insurance Co. of America—Double In¬
demnity Extended to Air TravelAug.
l, this company announces that its double indemnity
include accidental death occurring while a fare-paying
will
passenger on a commercial
airline over a regularly scheduled route.
Policies carrying the old double indemnity rider which excluded the
aviation
risk,
also
will
be
construed
that hazard.
covering
as
At the same time -The Guardian is extending the coverage for farepaying passengers on regular commercial routes to its disability clauses
in
prior to 1930, thus bringing those riders in
provisions issued since -that year—V. 161,
use
ability
line
the
with
dis¬
2333.
p.
Gulf Power Co.— -Earnings—
(
Period End. June 30—
Operating
,
1945—Month—1944
'
\
1945—12 Mos.—1944
$371,999
$354,776
$4,460,382
$4,139,350
143,438
157,536
2,168,915
2,214,914
25,000
24,000
294,000
304,500
142,757
121,863
1,386,544
1,070,381
______
$55,803
$51,376
13,879
9,484
$810,923
130,573
$549,554
deductions
$41,924
! $41,891
$480,350
$393,027
revenue
Prov.
expenses
for
deprec.
amortization
Provision
for
Int.
and
taxes„___
income
other
&
> ___
________
income
Divs.
pfd.
on
stock
156,527
5,513
5,513
66,156
66,156
$36,411
Balance
$36,378
$414,194
$326,871
1945—Month—1944
July
162,
135.
p.
353.
sales
returns
June 16,'45
disct.,
(less
and
;
general
profit
$4,134,359
$3,317,274
2,307,198
2,836,196
2,054,896
from
382,721 / "' 237,440
444,152
399,488
$904,011
$862,889
$838,565
28,865
27,184
27,724
18,492
$867,430
$759,393
$931,735
$881,381
bonded
on
amort,
$732,209
indebt.
of
and
bond
income
13,239
24,614
24,343
26,738
(697,300
(581,600
750,000
641,000
$156,891
$153,180
$157,387
$213,643
50,000
33,435
33,435
33,435
expense
Federal
ior
State
Net
.
,
oper,
discount
"Prov.
June 20,'42
-■
income-i.—li-i
Total
and
•
$3,336,846
v
Other income
Int.
;
2,882,150
ad-
and
ministration expensesNet
June 17/44 June 19/43
.
$4,103,436
sales
of
Sell.,
v
.
allow-
ances)
Cost
and
taxes—
income—:
—
Dividends, paid——-—-
31
1945—7 Mos.—1944
Co., Two Rivers, Wis.—Earns.—
6 Mos. Ended—
Gross
»Includes
$519,300 in 1945, $446,400 in 1944, $614,000 In 1943 and
in 1942 provision for Federal excess profits tax after post¬
$523,000
war
and
gencies
debt
retirement
(including
credits.
renegotiation)
of
(Includes
$50,000
provision
in
1945
for
and
contin¬
$25,000
in
1944.
(The)
150,000 shs.
1,189,354 shs.-
30,
this $3,500,000 or 29</o
be
2.25
charges."
pointed
1943 net income is
$11,-
Outstanding
July
reduction
Northern
the
Northern
1944
within
$12,534,882 $12,310,980 $93,254,794 $85,572,699
______
162,
and
bonds
than
also
should
the
in
Government
(par.$20), $6,976,665: common stock (par $10),
total, $64,291,273.—V. 162, p. 353.
Month
by
reduced from more than $291,000,000
$246,000,000, or more than 16%.
refinancing been consummated prior to 1932,"
of
for
apart.
years
Great
1945
U.
$3,60S,551; tenants' deposits under leases (expiring 1S451948), $34,199; reserves, not shown elsewhere, $861,401; 5% cumulative
stock
required
now
refinancing program and the
fixed charges would be $8,500,000
Most of
would
less
to
Hamilton Mfg.
war
income,
payments
1944
22,175,813
savings stamps (for resale), at cost,
$38,459; accounts receivable, $796,430; merchandise inventories, $21,707,697; cash surrender value of life insurance, $1,783,598; refundable
portion (post-war) of Federal excess profits tax, estimated, $1,854,000; '
advances to and security deposited with landlords, to be repaid over a
term
of
years,
$286,818; real estate mortgage receivable, $60,000;
employees'
notes
and account receivable
(partly secured), $21,109;
sundry accounts and investments, $7,262;
land, buildings, fixtures,
equipment, etc., at cost < after reserves for depreciation and amortiza¬
tion
of $10,759,421),
$18,690,876; deferred charges, $1,757,381; total,
$64,291,273. '
$258,647;
V-1
348,830
1,665,096
Consolidated
Assets—Cash
securities,
—V.
Financing
250,000 shs.
stock
end
Sales for
t>,y.ji,iu9
$10)_______^____'
common
—!
stock.
893,540; surplus, $26,050,375;
$7,674,332
pfd. stock (par $100)
cumul. pfd. stock
"Common
at
and to provide for the
4Va%
bonds now out¬
E
reached..
—V.
Balance
preferred
Authorized
3%%
as
outstanding shares of
stock ($20 par), at $22 per
to
pfd.
stock
mortgages,
$14,606,250)
To additional working capital..;
Cumul.
Stock-
the 348,833Vt
cumulative preferred
share
cumul.
Liabilities—Accounts
listing of
York
'
redemption
5%
(b)
upon
-
follows:
(a)
5%
common
cumulative
price thereof of $22
fixed
amounts
Net
shares
stock.
underwriters
-tr
surplus
on
on
4,092,069
23,972,232
underwriters
preferred stock now offered for delivery at
offering price in exchange for shares of such outstanding preferred
Shaves of outstanding preferred stock will be received
by the
tha
Total
_T.
____
surplus
preferred
Divs.
able
3%%
profit
debt
average
Gavin
Gross
Net
Previous
,
Stock—The
hive
the
offered
Divs.
:
Exchange of Outstanding Preferred
of
that
group
series
-
which
will
be
brought about for Great Northern bonds.
With
the
exception of three small non-callable issues, he said that the matur¬
ities
will
vary
from
$30,000,000 to
$37,500,000
each,
coming
due
(W. T.) Grant Co.—Preferred Stock Offered—Lehman
Brothers
ratio.
1946,
Cr425,000
9,988,289
304,566
248,615
'
Provision for income
Refundable
$1,300,000
allowing
Gross
Other
plan
30,902,358
111,604
profit
33,128,554
15,228,405
expenses
income
retire
The
to call $50,000,000 of series I
1,
$1,500,000 decrease
proposed
Gavin, "Great
an
coverage
1943
175,460,824 163,983,317 154,204,453
—
Provision
2445.
p.
N':";^
:
—.
Income
Gross
applicable
stock
to
sion
Fed.
for
Earns,
$494,754
22,676
charges
charges
Special
Prov.
$479,091
36,928
—
2,000
31
1944
'
Operating .income
Miscellaneous income
fund
railway's
the
Mr.
charges
4,000
4,000
Income
sinking
coupons.
a
1944,
30,
Effective
Consolidated
and
Gavin.
nearly $12,000,000.'
in stock and $226,-
5,000
.
Weld & Co
Wisconsin
2,000
and
Lerchen
&
5,000
.
—
Trask
2,000
:
.
Co
Inc.
Securities
II.
.
Co
&
Webster
Blodget,
4,000
:
&
2,000
4,000
.
Co
Barney
1,000
.
Co.—.
5,000
4,000
.
Co.——.
&
'
.
,
S.
Brothers
Hirsch
from
funded
June
said
1,000
.
Beane.
4,000
First Boston Corp
Folger, Nolan, Inc
Glore, Forgan & Co.
bonds
new
Mr.
debt
6,000
.
Mason-Hagan, Inc.
Merrill Lynch, Pierce,
Stern
496,961
9,089,616.
525,737
—
2,000
Corp.1.000
-
to
the
of
further
a
railway's
Lazard
Smith,
Hornblower
10.045,589
expenses-
and
on
2,000
1,000
Noyes
result
—Y.
Co._
55-45%
proposes
proposed, the company's
with $12,000,000 on June
now
6,000
4,000
8,134,438
465,856
$10,023,206
1942
of
and
&
addition
bonds bear 3'/o
would
2,000
Loeb & Co.—
Hemphill,
or $1.49
Steel Co,—Earnings-
'6 Mos. End. June 30—
Securities
Davenport
bonds—a
the company
compared
as
5,000
Co
in
said
funded
series.
result
a
plan
pur¬
Shares
Ingalls & Snyder—-.
Hayden, Stone & Co
compared with $602,985,
weeks ended June
&
in
prior
-
As
Kuhn,
G. Becker & Co., Inc;j_ I 4,000
Blyth & Co., Inc
5,000
Bosworth, Chanute,
Lougbridge & Co
1,000
Clark,
Northern's
for
issues
of
Kidder, Peabody & Co
Corp.-
bonds,
,
2,000
Weeks & Harden
$75,000,000
first
Co.____
National
said
annually as
Gavin, President,
J.
provide the necessary funds it is proposed to sell by competitive
mortgage general mortgage series N and series O bonds
in the amount of $37,500,000 in each
series, due Jan. 1, 1990, and
Jan. 1, 2000, irespectively.
The bidder will name the rate of interest,
as
well
as
the price
for the new issues.
Additional
sums
to
theextent
required will be provided by other funds of the company.
A
sinking fund of $375,000 annually will be provided for the new
bids
—_
A.
Central
mortgage
Sales
Co._
Bacon, Whipple &
in
Gavin
the'■
$8,500,000
1935, F.
To
2,000
Eastman, Dillon & Co
v.-
outstanding)
24
equal to $1.28
common
surplus
share (333.-
common
shares
For
earned
to
Inc._
issue
outstanding
Great
to
New•v//'
which
•
14,500
& Co.,
the
through
'
,
in
purchased
to
reduced
redemption on Jan.
redemption on July 1, 1947, of all
standing, amounting to $36,956,000.
through its
principal buying office in New York, N. Y., and through a branch
office located in Los Angeles, Calif.
Company does not engage in the
manufacture of any merchandise.
It does, however, buy a considerable
is
company
be
$75,000,000
program
$19,000,000 In
to
proposes
bonds
said
merchandise
Clayton
Net
Mr.
3%%
women's
and children's
Baker,
Net
Other
to
would
than
6.
reduce
"Had
$5, although in certain lines it has
certain
Aug.
$87,000,000
527,300
existing -stores.
of the
charges
more
;
.! V1.'
refinancing
a
.New capitalization would consist of $272,838,550
new
shares
General Time Instruments Corp.
12 Weeks Ended—
1950,
1940.
complete assortments in the popular price ranges.
Thirty-nine of such
stores are operated as partially self-service
stores.
share
>>
_
___
the
Dec; 2,
chain of 490 popular-priced stores located in 39
wide variety of necessities, apparel, and staple
a
price ranges from five
and
income
and
annum
dated
Lynn, Mass.
The policy of the company has been to lease or
locations and open stores operated under the name of W. T.
acquire
'
Net
per
indenture
an
fixed
railway
would
T.
History and Business—Company is the successor of W. T. Grant Co.
(Mass.), which commenced operation in 1906 with the opening of one
$1,817,883
;
1,165,832
deductions
and other
interest
$4,371,072
61,762
1,193,594
84,716
(netI
fol¬
Railway—Plans
planning
with
disclosed
nearly
.
31, 1945, the company had also guaranteed the payment
principal of and interest on two bonds in the amount of $3.00,000
each, bearing interest at the rate of 3% per annum, payable April 30,
1949, secured by purchase money mortgages upon certain property now
owned by the
company's subsidiary, W. T. Grant Realty Corp.
•
442,303
$2,111,875
$2,199,723
operating income-^—
deductions
1,548,827
1,835,627
------—■
Miscellaneous
Total
2,370,510
2,363,185
profits tax—net
"Charge
Net
9,345,181
1,133,658
& surtaxes-
normal income
Federal
4,035,346
1,184,708
Federal
bonds; '
mortgage
Jan.
draperies
Traffic,
General taxes
subsidiary,,;
and
of the
$14,556,241
Provision for deprec. &
company's
31, 1945, the company had guaranteed the payment of
the principal of,
and premium, if any, and interest on $1,562,000
guaranteed
3%
serial
mortgage bonds
of
1941
of
its
subsidiary,
W. T. Grant Realty Corp., issued under an indenture dated Nov.
1,
1941, due serially from May 1, 1945, to Nov. l, 1961.
tive
6 Mos. End. June 30 i; 12 Mos. End,
(*'■>'
the
1945,
is
company's
compared
The
The
(& Subs.)—Earnings—
General Telephone Corp.
ppriod
-
31,
Northern
Company
"•/
Jan.
of
Great
Financing—
Jan.
merchandise
•
,•
.
Bonds—As
guaranteed
lowing
.
fib?ii'tur6S
\ _r'
••.'
Grant Realty Corp., had outstanding real estate mortgages
estate mortgage bonds aggregating $6,160,884, including the
instalments
All
Delaware
of
T.
issued
Corp.—Calls 5% Debentures—
General Phoenix
State
promptly after
for redemption of the outstanding 5% cumulative
be fixed
to
Subsidiary
W.
As
°r,The^nete assets
.surplus,
the date
preferred
of
Monday, August 13,1945
Grayson Shops. Inc.— July Sales Declined 1.2%
Period End. July 31—
Net
sales
—V.
162, p.
—
458.
' 1945—Month—1944
$1,794,821
Balance
Assets—Cash
1945—10 Mos.—1944
$1,815,114 $20,302,373 $17,691,642
U.
S.
notes
Govt,
on
hand
certificates
of
Sheet, June 16, 1945
and
demand
indebtedness,
deposits
due
in
1946,
banks,
$441,559;
cost, $900,000;
$928,540; inven-
at
and accounts receivable, net of $30,500 reserve,
,
161, p.
Interest
•Total
Net
•
Manufacturing Corp; (& Subs.)—Earnings—
Period Ended June 30—
Total
costs
war
-—2,827,492
.
_
,
d
profit
Operating
—————J
10,732
charges
Net
loss
Net
profit, after
Earnings^
—V.
162,
"
-
i
,
-V
*
v
,
.'
7'': 7
$0.75
v :u,
5
■
^
.
Operation', -v r-i;- ^
558,250'
126,623
" 125,744 •' 1,615,278
for .maint.
&
acccelerated-
mess
' 513,625
'.
:
250,000
,
' 250,000 I
-
;Gross.
77,:..:
4,997
.!
J
855
39,673
v
.
income;;
$389,899
——
7. 80,208
909,521
;
7
and
expense
7
5,710
10,525
1,362,635
77 92,470
Income
Federal taxes on income
applicable
stocks——
preferred
to
389,588
ud—XX
Dividends
$2,793,189
Net
-
*
162, p. 10.
-
1,600
-
share of preferred stock
each
;
to
7
surplus
Total
amounts
17,062
;
__x
——
surplus
Dividends paid
Houston Oil Co. of Texas—Earnings—
surrendered; '
Balance
____
earned
$289,236
30,000
—
—
1——_X—.__—.————x_
1945_
surplus at June 30,
Period End. June 30—
Oper. and gen. exps., in¬
cluding
taxes
(other
than Fed. inc. taxes)-
a. program fqrmodemizing and expanding its manufacturing
mining facilities and plants, including those of its subsidiaries.
part, they program. will be .carried'out 'through investments in or
and
to
in
made
$259,236
—
subsidiaries; and such investments or advances
to
or
and
affiliates/
;
-
Business—Company
from
Income
1,225,743 /. 2,461,988
1,237,728
businesses
1901.
/
,
.
-
.
company,
the business
.
Generally speaking
Assets—Cash—'Demand deposit, $8,588; marektable securities (quoted
30, 1945—$2,543,925), $1,667,263; dividends receiv¬
$12,120; total, $1,687,971.
;
:7:7.;:;'777v": ■
Other income
sales
corporate and
payroll taxes, $1,220; Federal
and surtax (est.), $3,374; capital stock ($10 par
capital surplus, $424,140; earned surplus, $259,236;
total, $1,687,971.—V. 161, p. 1318.
Liabilities—Accrued
$2,669,674
52,100
normal
and
than
in
company
Inspiration Consolidated Copper Co. —Earnings—
:
.•
depletion
$1,444,930
$1,178,383
bonds and notes
on
36,767
85,260
$2,721,774
$3,201,950
116,848
&
deprec.
Int.
int.,
for
avail,
Amt.
Amortiz.
disc.
debt
of
12,300
7,698
818,557
331,051
depletionProp, retired & aband.
1,925
410,037
217,611
6,150
383,077
76,089
(est.)
77 229,330
171,400
578,090
469,325
$549,260
$456,406
J-' $0.29
$1,349,705
$1,173,708
and
expense-
—
income taxes
Fed.
,
and
Deprec,
"
;7 766,192
129,692
Res. for additional
•
Net
profit.
Earn,
per
;
share
com.
7;
^38
.
$0.82
$0.98
for 12 Months Ended June 30
Income Account
Cwsolldated
1944
7 -.V.-" -1945
.
Gross
$11,041,057
earnings from operations
and gen. exps., incl. taxes
(other than Fed. income taxes)-
'
»On
from
5,074,621
avail,
for
interest,
depletion
$5,251,321
$4,117,945
406,340
64,112
1,769,921.551,326
profit
161,
V.
semi-annual
1,003,818
252,668
——
162,
p.
12 Months
Operating
Operation
Taxes,
Federal
—
:—I
Period End. June 30—
earns.____
$422,406
$416,372
maint._J.
"203,088
201,439
47,617,972
44,747,545
Gross
Operating
taxes——
2,220,081
2,110,610
13,530,429
12,421,797
Oper. exp. and
State and Fed.
$1,087,955
$1,039,553
859,812
$6,620,009
5,370,921
$6,384,407
5,064,313
458.
—V. 162, p.
.
907,376
-
'Period
End. June 30—
revenues—
Operating
Uncollectible oper.
.
212
rev-
$200,367
$1,237,665
200
1,216
...
327,485
715,058
35,863
653,894
905,514
320,777
708,710
2,749,918
49,769
40,000
$78,623
$78,473
Net
50,925
proits taxes-
oper,
$5,146,641
2,505,709
•
1,200
Operating
Rent
expenses
of oper.
$1,236,349
$1,183,969
740,105
50
300
47,994
53,004
273,742
$4,970,775
2,440,252
$36,581
$33,492
$222,202
$226,593
22,755
19,899
135,130
141,514
300
•/Net oper. Income
income
—-
—V.- 162, p. 248.
•
—V,
In
Investors—Quarterly Report—
,
assets of Incorporated Investors increased from $62,beginning of the quarter, represented by 2,505,844
to $73,723,428 at the end of the quarter, repre¬
sented by 2,561,646 outstanding shares.
The net asset value per share
The
305 804
total net
at
outstanding
the
shares
were
two
sent
567,375
593,473
approve
Mr.
will
at
Jacobs
use
$1,000,084
44,154
$1,064,113
41,253
Outstanding
1,000,000 shs.
,
*850,000 shs.
of
such
certificate
was
to
increase
from 1,000,000 shares of common
shares, consisting of 170,000 shares of
stock (par $100), and 1,500,000 shares of
170,000
shares
of
common
stock
are
company
preferred
par).
names
of
the
&
Dominick___
First Boston
Corp
l/17th
l/17th
Co.,
l/17th
Weeks____
l/17th
&
several
stock
Beane
Net Sales
and
purchased
the
S. Moseley & Co,
Paine, Webber, Jackson &
Curtis
pro-
by them,
I/17th
l/17th
•
Smith, Barney & Co
Union Securities Corp™_
White, Weld & Co
;
Dillon, Read & Co., Inc.+_
Kuhn, Loeb & Co.™-™
1/I7th
l/17th
1/17th
3/34ths
3/34ths
•
Condensed
.
be
F.
l/17th
Fenner
underwriters
to
Earnings
"Income
;
for
Conting,
.
/
'//
.,
Calendar Years
(Taxes
Net Inc.
Dividends
$1,044,238
$1,105,366
47,077
560,673
580,422
13,966
157,037
161,060
based
.
*Before
$21,442
$23,681
to
$326,527
on
provisions for contingencies and Federal and Canadian taxes
tProvisions for Federal and Canadian taxes based
$ After deducting post-war credits—V. 162, p. 459.
income.
income.
$363,884
Pay Common Dividend—
stockholders by Rex C. Jacobs, President, stock¬
that the company has completed arrangements
to
firms
a. special
adds: "If
the, net
June 30, 1945
conversion
480,000
informed
stockholders
of
open
of the 170,000 shares of 3Va%
cumulative
stock.
Upon completion of the present financing 170,000
preferred stock will be outstanding.
574,434,
480,000
head
a
group
of
underwriters
to
make
public offering of the proposed issue of $5,000,000 of 5% cumu¬
convertible preferred stock which the stockholders will be asked
the
effect
of the
l/17th
411,975
lative
to
an
such
of
Johnson
banking
or
Africa.
11,874
__—
letter
a
with
.
______
Kidder, Peabody & Co.
Merrill Lynch, Pierce.
162, p. 10.
holders
/
South
$82,485
(F, L.) Jacobs Co.—May
the
Incorporated
income
.import duty
importation
or
certificate of classification of shares, etc., of
the office of the Secretary of State of the
(no
the
Hornblower &
295,982
'
a
Inc.
-
on
Net
50
taxes——-
the
46,475
debt
etc., deducts.™ '
exp.,
no
1,670,000
Harriman Ripley &
661,094
—-
——
Operating
Net
127,206
$200,167
113,621
is
upon
Canada
$82,031
.
Total net earnings™
lease
for
prop.
$211,831
No
1940„$61,761,236 $9,252,071
$3,370,000 $5,882,071 $2,823,125
1941__ 92,852,483 18,951,864 $1,459,889 11,524,830
5,967,145 !; 2,856,250
1942—108,021,383 23,659,199
2,460.000U5,629.007
5,570,192 , 2,087,500
1943—107,418,305 1 7,155,28 0- 3,060,000 $9,440,000
4,655,280 2,087,500
1944—101,211,499 13,426,213
800,000 $7,150,000 5,476,213 ' 2,381,250
4,012.
3,408
'
Int. on funded
to
stock
for
Dominick
Amort, of debt, disct. and
'Operating. revenues-
stock
par)
Underwriters—The
Years
,earnings___
Other income
$1,185,169
There
effect
from
as of
of unsubscribed preferred
respectively, are as follows:
Morgan Stanley & ,Co™.,2/17ths
Clark. Dodge & Co
l/17th
574,363
674,712
1945—12 Mos.—1944
in
States
portions
1945—6 Mos.—1944
"1945—Month—1944
$212,043
Other: taxes
.
,
1945.
cumulative
shares
inc. and
46,500
49,960
40,000
excess
;
:
oper.
Pro v. for retirements,—
Telephone Corp. -Earnings—
Indiana Associated;
18,
July
preferred
Utilities Co. of Delaware—Earnings1945—Month—1944
par)—f
per share.
$40
(no
The
7,445,957
income-
"
other than Federal Income—
income and excess profits taxes
8,230,150
oper.
(no
value
the authorized
1944
;
manufacture
subsidiary has mined asbestos in
the end of economical production
company was filed in
State of New York.
The
$6,350,387
——
for
the
in
Authorized
stock
*Stated
reserved
1945
Africa.
duty
United
the
$6,783,130
2,934,985
South
export
the
company's
3V2%
—
vear.
Capitalization
,
Ended June 30—
Iowa Southern
$11,538,186 $10,596,120 $67,818,410 $63,553,749
incomc___.—
the
and
or
into
fibre
Common
Stores, Inc.—July Sales—
revenue
the
important raw material
the company's products,
company's competitive situation will be adversely affected.
Group Dividend—
depreciationof utility plant acquisition adjustments
Amort,
Telephone Co.—Earnings—
_
Canada
restriction
2.75
Service Co.—Earnings—
Maintenance
June 30—
revenues—
than
common
expenses—
Net
"
348.
Iowa Public
Operating
•Net
■
of
an
number
stock
—V.
1945—Month—1944
1945—6 Mos.—1944
Operating
revenues—._ $11,554,000 $10,612,723 $67,917,860 $63,653,059
Uncollectible oper, rev.-..
15,814
16,603
99,450
99,310
Ooerating
of
1945—Month—1944
1945—6 Mos.—1944
$3,042,975
$2,885,854 $20,978,801 $18,939,771
July 31—
Sales
658,198
share—____
common
Illinois Bell
period End
distribution
cash
Interstate Department
Period End
Provision
?
't'
*
1999 and 2219.
pp.
be liable for any 1945 U. S.
2220.
p.
-
—
per
161,
is
pit.
Foreseeing, however,
by that
method, the company began four years ago to plan methods of under¬
ground mining such (as have already been employed at other asbestos
mines in Canada.
The first shaft is being sunk at the present time.
The development is'expected to continue for three years and to cost
approximately ; $3,500,000; " While it is expected' that this change in
method of mining will result in some increase in cost (variously esti¬
mated at from approximately 107<Ato 15%) it is not believed that the
$860,284
$0.73
capital stock outstanding.
1,181,967 shares of
profits tax.—V.
during the months of December, January and February
months
which
and
Hitherto
$1,074,841
$0.91
business
industry,
generally
are
of
is obtained by
the
its subsidiaries from mines located in the Province of
Canada, and owned by a subsidiary of the company, as well
asbestos
On
26,228
1,578,374
1,527,943
320,537
1,103,765
export
366,098
342,916
* 24,725
$2,694,405 $2,437,722 $1,300,491
$1.96
$1.73
1
$0.89
Note—Federal income tax deducted in the above statement repre¬
sents normal income tax based on the prevailing rates.
No liability
for excess profits tax is indicated to be due for the periods shown.—
Net
160,200
cents per shave has been
declared on the Bank Group Shares, payable Sept. 30 to shareholders
of record Aug. 31.
A similar distribution was made on March 31, last,
and on April 1 and Oct. 2, 1944.—V. 162, p. 135.
$4,182,057
$5,657,661
$6,417,576
278,787
19,371
other
440,407
72,400
$991,540
$0.84
$591,009
$0.50
Institutional Securities, Ltd.—Bank
A
.
deprec.
;
Depreciation and depletion
Property retired and abandoned-Federal income taxes (est.)
Earnings
583,050
.—•—-
-
tlndications are that company will not
excess
3,830,349
451,140
.'
Interest on bonds and notes——_
Amort, of debt discount and exp.__
and
4,658,890
$5,966,435
operations
-Other' inccme Xx-.x--,—
Amt.
279,700
—
95,118
283,500
...
.
-
Oper.
Income
_
.
J
$7,948,293
$9,910,211
'
Net profit before depletion
"■Earn, per com. sh._„
1943
•
taxes
341,250
1187,200
•
general
construction
subsidiaries
Quebec,
by purchase from other producers in Canada and South Africa.
,
'
■'•
---—
:
83,822
to
and
the
its
and
company
comparable source of-supply within the United States is known at the
present time, although asbestos is available in certain foreign countries
$1,628,409
$2,025,213
other
the
of
as
1942
1943
■,
$1,985,582
157,091
557,251.
$1,119,459
Operating income
Interest, etc.
i—x
Deprec.
& obsolescence
Fed.
inc., etc., taxes—
v
-
.
1944 '
1945
6 Mos. End. June 30—
170,557
earnings
Asbestos,
of a
large
/'
the business of the company and its subsidiaries
markets and is closely allied to industrial,
competitive
somewhat lower
tax
income
$1,000,000;
value).
conducted in
commercial,
andresidential
construction
activity.
Due to the seasonal aspect
of
market prices June
2,354,520
$3,100,444
101,506
$1,154,575
23,808
$1,402,025
• 42,905
also
to which it had succeeded upon its incorpora¬
y
:
//■:-■,./:•
■/,; ,•••/; y
together with" its subsidiaries, is engaged principally
in
of mining,
manufacturing and selling: materials for
the control of heat' and cold, sound and motion, and for furnishing
protection in plants, commercial buildings, public buildings-, and resi¬
dences
against the destructive
effects of fire,
weather,
and wear.
Company,, through certain of its- subsidiaries, also sells certain products
manufactured by non-affiliated companies which find logical uses in
the markets reached by the sales organization of the company and
in
its subsidiaries. //.
able,
oper.
may
,
was
The
is
$5,024,194
$5,562,432
;
the
templation
In
30, 1945
Sheet, June
Balance
1945—6 Mos.—1944
,
$2,380,318
$2,639,753
from oper.
Gross earns,
Pipe Line Co.)
1945_3 Mos.—1944
at
y
.
preferred stock on
'
;'
^
(Including Houston
1955,
1,
Aug.
($16,673,775), together with any' amounts
,Purpose—The net proceeds
established
$42,908
229,265 '
——
—
$2,542,039
'
.
prior
redeemed,
incorporated in New York
Dec. 28, 1926, and, as of Jan. lk 1927, topic over, directly and, through
a
subsidiary, all of. the assets and assumed all of the liabilities of
Johns-Manville, Inc., a.corporation which had conducted and developed
$44,508
inc.—
i——
at Jan. 1,' 1945——i—_——
—
Credit resulting from sales of securities at prices in excess
Earned
•
-V.
(est.)—,:..
profit
of carrying
Balance
previously
received, upon; conversion of preferred stock into common-stock,- are
to be added to the resources of the company./ Company has in con-»
tion
$2,891,932349,893
$3,182,777
$275,102
d '$307,884
_x___x__
unless
Listing—Application will be made to list the
York'Stock Exchange, :
"
•/ '
.Company
7 101,117
•
Net
$51,172
——_
—
——_—_—
x-xX—x—X-X-.—'———-—.6,665
Expenses
126,299
3,329
4,430
________
1945,
1,
New
be
30, 1945
Income. Statement, Six Months Ended June
'
4
Profit exel, of security transactions and taxes on
Other interest & deduct.
Nov.
advances
$4,081,848
962,500 ;
$5,547,403
$369,164
71,875
I
mtge. bonds
discount
on
The initial dividend,
will amount to 70 cents per share.
?'
Feb. 1, May. 1, Aug. I and Nov. ivof each year.:
respect to
; ; y; r
k
•
10,739 :
,
$2
the option-of the holder into shares of common stock of the company
•initially at the rate "of one share of common stock for each share of
preferred stock so converted and payment by the holder of $15 with
.
7.x With' assets value .at market? rather, than, carrying, prices,. the- value
represented by each share .of stock of the company would stand at.
$25.60 at June 30, 1945, as compared with $23.12 at the end of 1944. . V
.Am amendment .to
the certificate of incorporation, changing the
shares from no par to $10 par; value,: was: approved; by the share-;
holders April 26, 1945, and the change became effective May 2, 1945.
of debt
Amort,
,
share if redeemed thereafter and on of prior to
a . share if .redeemed thereafter.
Dividends oh
accumulate from Aug. .10/ 1945; and, are payable
a
and
'Convertible,
•
$73,723,429 :
V
Inc.—-Semi-Annual Report—
-Inland Investors,.
Income—Dividends
Interest
;
1947; "$3
1948,
Preferred ystock
the
payable
$4,071,109
$5,507,730
$368,309
$384,902
net
'4,012,453
3,717.329
371,888
.
.7" 102,216 7 1,372,645 "1,270,229
127,430
taxes—
income,
tof
71- 7
1,
1,
Aug.
.
Net operating revenue
Other
x
,
ex-
taxesi—
profits
other
All
'i
.
Aug.
-
'
of
use;
and
income
•
.
.
.Tptai;_"_$49,408,540
V
pairs deferred due to
Federal
'
-
.
The-preferred stock is redeemable In whole or in part at any tim«
not less than 30 days' notice at $100 a share plus dividendsand a premium which shall be $5 a share if redeemed on or prior to
Aug. 1, 1946; $4 a share If redeemed thereafter and on or prior to
Unrealized, appreciation'of investment securities (valued at
X
market quotations,' $71,628,950; cost; $47,314,061)——24,314,889;-'
..
.
A
I,300i000
re¬
•I properties
610,113
______—x_;r_X-'_—x_—--__x_—•
1,673,300
-1,300,000
•
for more than 257,000
p. 459.
upon
Capital,, as per balance sheetx_x-Xxxxx_xx———
'108,333
108,333;
C.
Corp. — Preferred Stock Sold—The
stockholders of the corporation subscribed for ?
163,162 shares out of a total of 170,000 shares of 3^2%
cumulative preferred stock (par $100)
offered under
rights which expired Aug. 4.
Morgan Stanley & Co.
and associated underwriters have purchased the unsubscribed portion;
No public offering of such shares is ;
contemplated.-;■/..";
-,-..."
...:y ■ • .- 'v
•
...
—V.; 161; p. 2000.
•
lappropriation'
Pro v.
total, $74,547,229.
earnings,
,
Johns-Manville
,
($5 par) 2,561,646 shares outstanding—
$12,808,230 ;
paid-in surplus---;—__x__X~X——_x 54,189,553
realized net loss oh investment securities——Dr18,199,356
of
y
■
common
1945, $92,154; accounts
fee payable July 2,
;
.■
.
on
:
.
Amort,, deprec. renewals
-and
replace,
reserve.
:
'/' V
;
Maintenance
electric:
revenues,.
80, 1945
Accumulated
" 1945—12,Mos.—1944
r
$1,685,245 $20,851,007 $19,638,793 y
^ 608,755 J-7,088,025 <* 7,061,702 ■
Oper.
$583,153
397,414
669,966
....
Capital stock
1945—Month—1944
$1,819,163
473,182
preferred
■.
acquired
all");
7"';"7': Statement;-'of Capital June 30, .1945 v
*7
$658,175
Balance
Co.—Earnings—
Houston Lighting. & Power
.
.Period End. June 30—
7 $456,764 7 $310,382
511,139
...
Balance Sheet June
capital, $73,723,429;
Undivided
'
.
Jacobs Co.
square feet of floor space.
,
r ,
.
The company has announced that it has orders
of its "Launderall") washing machines.—V. 162,
on
725,412
285,511
$78,878
.,
969
payable July 31, 1945, $511,139; contingent provision for Federal taxes
1942 income,' $87,982; provision' for estimated Federal capital stock
tax and Massachusetts excise tax, $12,250; accrued expenses, $12,029;
413
$0.09; /
,
1,148
L.
F.
program
.
Cr82
taxes——————-----™-
458.
p.
38
'"V.-
shar
per-
1,124
has
$617,475
paid—j_
"Liabilities—Management
218,294
v.;.'/;;0
wholly-owned-subsidiary-.:™——.:
income & excess profits taxes-^
of
•
43,326
amortization
Proy. for Fed,
1,648
proposed
the
,
Jacobs, President, on Aug.. 9 announced that the company,
a
plant at Dowagiac, Mich., which will be used in its
for the production, and sale of a completely (the "Launder-;
automatic
home
washing
machine.
The plant has 110,000
Rex
6,308
offer
to
Acquires Another Plant in Michigan—
.
payable for purchase of investment securities, $13,625; accounts pay¬
able for
repurchase of shares for the treasury; $94,621;. dividend ••
121,658
119,616
——
and
Depreciation
43,437
$1,723,871
—-
Gross
Other
$1,680,434
$516,636
————————
„
1,605
,
628,950;
$527,368
income
1,963
35,173
11,612 '
syndicate
,;';
"
expenses-
dividend
-
;1,903
of dividends on the company's stocks,
securing
,
Assets—Cash,
<
'
Other
2,350
67,421
:
$5,000,000
its
retire
payment
;K. M. Byllesby & Co., Inc., and-E. W. Clucas & Co., will head the *
banking
stock-
$2,570,899; investments, at market quotations, $71,- *
accounts
receivable
from sales of
investment
securities,1
$48,888; accounts receivable from sales of capital shares, $153,044;
dividends and interest receivable, $145,449; total, $74,547,229.
• •
•
'
14,572,368
.
$632,513
8,539
$377,916
59,809
4,614
4,563
'
income
Cash
\3 Months 12 Months
contracts $3,344,128 $16,252,802 "
:
of
renegot.
after
revenue
Operating
'
173,607
92,154
——_
.expenses
Miscellaneous
1942;.
....
$458,906
'
to
the
on
the1 agreement
In
11,946
$535,752
•
"V" loan.
The existing limita¬
contained
the "V" loan,, will be removed by the
payment, of the. loan. It is. expected ^hat conditions will then warrant'
the. payment of a dividend on the common stock.;
required,
tions
•
$365,970
$724,497
———————
/ V;
1943
.
.
6,961
Regis. & filing fees—
Transfer agent's fees &
•*:
.
$528,791
549
.
:
Taxes
1944
•
•
$723,948
——J,———
Management fees
'
?Hayes
dividends "
"
from
'•
for Quarter Ended June 30
1945
surplus,-$803,503?'total,' $5,257,880;—
"■
1543.
•'
Statement
Income
.
Income
be
ex-dividend
$28.78,
to
$24.86
from
quarter
the
'1
>
•
$278,922;" accrued salaries, wages, •
taxes, interest
and expenses, $413,310;: dividends payable,
$25,000;
State and Federal income and excess profits taxes (after U. S. Treas- •
ury
tax notes, at cost and accrued ' interest, $1,303,770),
$75,448;
first "mortgage sinking fund payment" of $37,000 payable Sept. 1, 1945;'
(after $31,000 bonds held in treasury applicable thereto), $6,000; re- ',
serves,
$642,221; bonded indebtedness, $483,000;, preferential partici¬
pating stock ($10 pari*, $1,000,000; common stock ($10 par), $800,000; :
capital surplus, $730,477;' earned
cents. /•
20
."Liabilities—Accounts' payable,
Vj
during
increased
$1,200,374;'cash surrender value of life insurance on executive
$76,547; other assets, $196,410; fixed assets (after reserve
for
depreciation," $1,711,199), $1,472,080;" deferred charges, $42,370;
total, $5,257,880;
•
■>
tories,
employees,
673
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4411
Volume 162
meeting called for Aug. 16.
the issue of preferred stock is authorized by
sale thereof is consummated,. the company
proceeds,., together with .such other funds as may
and
the
Automatics, Inc.r-Forms New
Subsidiary to
Acquire "Latisteel" Patent Rights—
A special meeting of the stockholders has been called for Aug.
15,
1945
to consider the acquisition by this corporation of an exclusive
license
under
the Latisteel Patents,
and the formation and sub¬
licensing by this corporation of Latisteel, Inc.,. 70% of the outstanding
stock of Which is to be owned by Johnson Automatics, Inc.
The re¬
maining 30% will be divided equally between Lights, Inc., and Frederick
H
Ruppel, the originator of the '.'Latisteel" method.
,
''Latisteel"
together
by
is a method
single rivets;
of construction whereby latticed steel, joined
is expanded or contracted and then welded
THE COMMERCIAL & FINANCIAL CHRONICLE
674
to
light
steel members to-form standard
building and other structures.
expanded
section
wall panels, floor
"Latisteel, Inc., has been advarfced the sum of $85,000 by Johnson ;
Automatics, Inc., and it may also be necessary and advisable to
advance further limited, sums from time to time to it for the purpose /
of
"Latisteel,
President..
acquired the business and
"In consideration of such
Other
—:
,
and
$5,339,331
—_1„
-
Total
^
income
$1,210,331
42,934
for
Reserve
347,500
Wisconsin
and
Federal
Estimated
taxes
1—
$1,253,266
and other deductions—
607,596
hi———
preferred stocks——
$645,669
Profit
of
Star
■_■,
~
accrued
on.
Expansion—
-Milton
a.
in
V.
161,
•
This work will start
J.
D.
member of the executive committee,
raw materials, has resigned, effective
service with the corporation.—V. 162, pp. 459;
Morrow, President,
A.
sales
net
in
decline
The
accounted
for
primarily
lower
the
by
on
'
such
Consolidated Income Statement,
9 Months Ended
Selling, administrative
____________
income
Total
Interest
paid
;
29,647
;
,
s
.
.
.
domain all the bonds
principal amount, the
Plan—On
and
and
annum
83,700
income
$595,634
$1.55
Earnings
: per
share
$1.02
had
IT.
y8%
S.
of
$4,602,274;
for
Balance
and
Sheet, June 30, 1945
demand
deposits
investment
at
distribution
in
capital
stock
of
note,
of
30,
the company had
1945,
interest
an
to
trustee
Bank ,&r.Trust
holders of
the
The
redeem
the
and
now
July
coupons
1,
preferred
/
7%
C
6%
Series
'
B
D
payments
term
Co.,-
loan
-.
.
—
(no
•
Capitalization
1
C
6%
of. the
series
for
bond
July 23
on
issued
a
Kimberly-Clark
Ket
sales
(excl.
of
terplanfc «sales
of
selling
Profit
Other
__
Total
Total
•
v
'■
*•'
t; ;•
-
revenues
■.//
2,219,590
2,300,789
$1,440,102
$3,246,189
$3,399,635
258,986
548,404
511.475
$1,801,007
$1,699,088
$3,794,593
Wise,
taxes
$3,911,110
84,688
92,188
170,000
185,000
1,015,000
956,500
2,185,600
for
Prov.
depreciation--
income
of
income 11_
(netl— "
Lumber
Co.
Bonifas
(est;)—_
Korth. Star-' Timber
(60%
iof i est.
loss)
$650,400
$1,438,993
,
.
25,000
30,000
2,500
$696,320
$637,900
115,227
149,445
$1,352,610,
'
,
15,500
20,000.
56,000
26,500
$1,398,493
230,454
$1,346,110
298,890
DrlO.OOO
Co.
/
from
'
532,479
40,000
481,383
32,303
35,021
1,006,000
—
767,000
310,000
% 3,271,050
3,259,150
_%__v!
62,850
y.
•
—
%
.
71,900,
202,431
; -
202,612
81,575
'
84,655
-
1,129,433
1,027,811
$3,332,859
$8,148,463
•
amount
3J/2%. serial
the
of-life
insurance. policies pledged
of
1942-.are In process
debentures
Edwin
of
H.
Krorn,
which
to $90,000.—V.
will
reduce
June
on
as
of
21,
debentures
outstanding
1318.
161,: p.
(S.JS.) Kresge Cof-^July Sales. Up 7.3 %—^
K'
1943—Month—1944
;
~
1945—7 Mos.—1944 %
$ ;-.r^
*
i—_
L
$
*
*•
1945,
the
1(5,411.641 % 15,290,925 116,690.259 110.350,283
the company had 709 stores in operation, as against
same
July,
in
714
$4,200,000-
month
■
last
year.—V.
162, p.
248.
1
:
(S. II.) Kress & Co.—July Sales Off 0.7%
Shares
Period End. July 31—
■"/;
Sales
17,907 %
1,129"'
20,000
;
25,000
50,000
v:
'
fc:;;'
...
V
--
"1944
..
a
''
152,398
432,719
184,812
.
152,390 ;
430,916
,
L.
Cummings.
formerly
Vice-President
and
General
Sales
Manager, has been named Vice-President and Director of Sales.
Julius
Kayser has been named Vice-President and General Sales Manager.
Harvey R.. Hiller. and John W, Rogers have been appointed Assistant
//
'
.
$316,003
4,421
$561,136 - $564,322
10,650
; '"8,574
>
1A
*?;->
360,292 .rs
369,454
:
346,332.
,
$226,563
$202,333
tive
meeting
stock
of
stockholders
from 4 500,000
offer
to
the
basis
of
the-first
their, stock
the
for
call
for
and.
is
is
■*
-•
-
principally
comprised.. of
one
■
and
apartment houses.
The population of the
by the company to be approximately 440,000.
Underwriters—The
-■
—
Aug.
16
to
*
authorized
the
and
then^
stock
new
the
sale
of
accrued
balance
used
be
the
42,526
shares-of ;4'/a%
share;
to
will
for
4 V2%/ preferred
new
for
each
the
the
some
on
old
z
r
"■
s
460.
the
'
will
/
Frederick
Co.,
is
M.
be
of
.
additional
.
stores
and
present sites,--/;/
*
1945—Month—1944
-
.
/
of
the
;
/
used
to
the
.
y
re¬
V'/..
*
-
.
'
1945—7 Mos.—1944-
•
$2,127,978 $21,212,290 $19,556,251.
-
%;
■>-•',/ '>"% •// ■.': J'v% %//::%:Z. :>:V/;'■'/•'/v.! V'•
-■>.
'•
&
at
z
-
.
stock
Lear, Inc.—Elects New Director—
it
basis
preferred
unexchanged- .7%. preferred
the company's working capital
of the
$2,186,921
p.
cumula-%
any
to
opening
renovation of.
of
preferred
new
added
be
share
'- /■ /•." ,7'...
•
dividends,
Period End. July 31—
162,
>
stockholders
common
new
<
:
Peyser, a member of the banking firm of Hallgarteni
York City, has been relected to the board of directors,:
of New
announced
by William P. Lear, President.-^-V, 161, p. 2221.
-
^
1
-
two-family
houses
served^ is
area
The
will
~V.
with practically ■ no'
residential,
for
July Sales Increased 2.8%—
a
subsidiary.
territory served
from
allocation and
;
company operates its facilities independently of Long Island Lighting
Co.
Company engaged in the sale ,bf gas .appliances through its wholly
The
and
the
$110' and
at
stock.
of
•Sales
residential, commercial;7industrial and other%
territory" of about
square miles, comprising the 30th,
and a small portion of
the 31st Ward, an area in the southwest part,
of the Borough of
Brooklyn; N. Y.
The franchise area of the company
is not
.contiguous to that of, the Long Island-Lighting Co., and the-
owned
price of $110 per share.
r Proceeds
call
.
gas)
called
increase
1,000,000-shares
preferred for each, six shares
common
held/ Holders of the outstanding 6,156
preferred stock also are. being offered rights to
7%
old
of
shares
and
(manufactured
been
would
to
of
series
share
one
newly-split
of
exchange
County in New York State. ■
■
" -" * - ~ 4 • ~
The principal business done, by the company consists of the manu¬
facture,- transmission, distribution and sale of carburetted water: gas
purposes in
has
shares
stock, par value $50 per
preferred
the
of
% $234,446
1904, the Kings County Gas & Illuminating Co.; incorporated Dec; 18,'
1889, was merged with the'Company.
- - ;
v"'
>
Substantially all (97.736%) of the company common stock is owned"
by Long Island Lighting Co., predominantly an operating'public-.utility.,-',
company whose franchise territory lies wholly in^-.Nassau-.County' and
Suffolk
"/
Inc;—To
proposed' amendment' which
a
on
on
Business—Company was incorporated in New York
is. a public utility operating company; ^ On July 1,
and
1904,
: ;r-../
>
split this stock two for one and to authorize the creation of 100,000
$578,957
15,781, : shares of a new cumulative preferred stock... The company then/
$571,787 ) $572,896 V .$594,738 v!
-
1403.'/
p.
'!-V'*.
special
vote
">
'190,590
,
v
Split Up Shares—New 4%% Preferred Stock to be Offered Common Stockholders—*;
Preserit Holders of'7% Preferred to Receive Exchange
Offer—Registered; With SEC—
T52,564
422,627
gross*
$129,834
160,
.-//
Lane* Bryant,
;
T942
,
1945—7 Mos.—1944
$9,516,661 $66,005,542 $66,372,449
A.
vi Vice-Presidents.—V.
;
- •
-$9,448,414
248.
"""
p.
Laclede-Christy Clay Products Co.—Personnel Changes
f
."""1943
.
162,
—
'John
:
-
1945—Month—1944
—„17-
"
-V.
———fT$320,424
income
May 25,
_
Dr
940,633
1946-1952—"90,000
due
principal
to
proposes
income
Gross
Deductions
2,373,500
$701,320
Wm
$150,000
war
_____—
$890,000
In
Years Ending Dec. 31
63,499 .—->
"
'
—
industry,,
Net
employees'
&
stock—
-.iSaJeS.
$1,505,477 "$3,330,274 -$3,282,379" $3,192,356 '
858,731
1,964,646
1,920;827 v: 1,833,545 82,429
219,373 213,923
204,661
—
—1_1—
Company
*
1945—6 Mos.—1944
/'/
3
$8,148,463
2a7,910
contingencies™
Period End. July 31—
50,000 shs.
..".5.0,000
.'"'j'•
Summary of Earnings
-
Operatixig
1,158,098
etc.,'1 "interest—
Profit
deposits
(contra)
(net).—
j•' !./* J, ■''.c.v
./•
the creation of a surplus (unearned) to be used >
making adjustments, in th? accounts of. the company.;
Net inepme
:>
35,021
1,247,528
.
collection from insurance companies-, by reason of the death
from
25,000,
—
5 Mos. End.
'
■
168,542
316,485
40,000
surplus
collateral
;
company and
Non-operi inc.
$14,833,625 $15,091,615 $28,765,416 $31,301,494
12,115,374
12,493,315
23,299,637
25,601,071
opers—_
income
&
income
on
debentures
"$800,000
.
1_—.
.
certificate-permitting abandonment,
1945—3 Mos.—1944
4,979,472
1,496,289
511,837
"
liabilities————-
prior preferred stock—
common;
$1,540,156
,'V'.
260,851
from
Fed.
payments
Earned
Financing
Present
——_'7"
par>_;
Taxes
1,178,097
exps.—
income
Bond,'
Est.
in-
—_i__
sales—
Oen.;&
taxes
Fed.
$8 1 preferred
(in-'
Corp.—Earnings—
Period End. June 30—
.
4
Cpmmon stock-1
Capital surplus
25,000 shs.
.1
50,000 shs.
..
Maintenance
-
as
to Interstate and foreign
commerce, by the company of its entire
line of railroad extending from East Kane to James
City,, approximately
three miles, in McKean and Elk
Counties, Pa.—V. 136, p. 2236. ;
1
(trade)__
two
ICC
-570,273
5,684,491
213,850
*1—
•'
_1_i
'
'
miscellaneous
serial
shares
Cost
and
Reserve- for
v-
,
1,129 .shs.
1975_—— -$4,200,000
of
;
for the purpose of
V ; 7. \ :...
_
The
1944 :?:>
$831,139
447,465
reserve.
(banks)—>. $400,000
payable
Managers',: security
17,907 shs.
%
25,000 shs.
.
.
to
Effect
Giving
3 Vs %
May 31, '45
stalments
due
after" one
year),
$90,000;
common
stock
(par $1),
$484,10°; paid-in surplus, $4,157,966; earned surplus; $2,862,290; total, !
$10,820,187.—V. 162, p. 10.
>>
Kane & Elk RR.—Abandonment—
less
^,,
Balance
____L—-$8,332,859
payable
Prov.
r
:-%■>-
5%_
stock! (no
Operating
Operation
advance
term loan
receivable
Accrued
on
renegotiation refund for preceding; year, $1,875,128;
to
Consolidated
Liabilities—
....
(par value) $100)f
s
.
7%__—-_:_-_—20,000%;%.
B
D
:>
uncompleted sales contracts, $130,902; payroll deductions
for
withholding taxes
and
war
bonds, $28,304;
accrued
liabilities,
$329,494; reserve for Federal and State taxes based on income and
for
proceeds of life Insurance, offset by
general reserve for contingencies. - /^
(net)
$4,200,000
;20,000 shs.
par)-.—
>
$237,883
payments
Nptes
,
•
20,000 shs.
—
;
-
310,000
.
*$252,121
Sheet, -June-30 ? ?/:•''/• ■'/%
•' v/ %•-%
'f%%v /
? 1945*
.———..I—— _————c—$702,064
4
«Total./
.
>
mortgage bonds,
855
due
—I
(contra.)
32,303
assets {net)—
1——
—1,252,683
Lasts. patterns, dies, trade marks & goodwill— > v.
3
Company has in contemplation the revision of its capitalization, v It
is expected that such revision will result in a reduction.of the capitals!,
purchased'
$417,003;
460,000
:
1
Fixed
.
per annum
.
$4,200,000-
1975"__
J
stock
Common
including emergency facilities, at cost (after reserves
depreciation and amortization of $723,547), $729,615; patents, at
less reserve for amortization, $66,687; prepaid expenses and de¬
ferred charges, $81,443; total,
$10,820,187.
on
$450,000
f
1945,
5%
Series
*
cost,
payable to banks (instalments
year), $395,000; trade accounts payable,
(estitpated)
Prepaid expenses—
Vklue.of life insurance-./.-^
'
(par $100)—
1944
-
to
,
•
Cumulative pfd. stock
for
one
4
Merchandise
;
to refund the $4,200,000 promissory note
mtge. bonds, 3J/«%" series of
equipment,
Liabilities—Notes
taxes
adding
Accounts
trustee, for the hebe applied by; the
1945. ail of said bonds out-*
and
«
:■
-
instalment notes receivable, due after one year,.
$66,686; post-war refund of excess profits tax, $125,839; property, plant
within
income
Cash
Newcj York,
Co.,
*
proposes
-
Series
■
1945
,
12,703,092
11,202,891
I—____ J_ '
23,589
30,715 .*! i
*--"<, :--2}208 %. >/ 13,232 f.
__101,952
110,814 -
amortization_i.
operating income——
f
.
'
by the issuance and sale of $4,200,000 first mortgage
1945,
shares, at cost, $13,910;
and
and
appropriating same amount
a
bond3
pay .on
~
company
Series
plan,
Net
Bond
.
of- 6% % * per
rate
1945, bearing interest at the rate :of IV2 %
standing.
.
inventories
cost, $2,200,785; company's capital stock
employees under incentive compensation
to
Federal
right of prepayment at the company's option- after-ten-days'
Central. Hano.vet
count
1st
$908,166;
Machinery
SullviaD
v
operating expenses__-_______
Interest, charges r:
-x
Miscellaneous charges (net)—,
notice in writing.
On the same day the proceteds of the said
together with other funds of the company- were deposited -With
pjior
T,
banks,
in
$227,075), $1,514,261; other receivables, $10,521;
shares,
€9,892
hand
3%%
$13,542,962 $11,905,535
and
sales
Depreciation
$5
Nov. 30,
the
;
..
,
.,
<
and
Period End;
1.7% Higher—
"___
—V.* 162,
p.
1945—Month—1944"
July 31—'
Sales
•
names of the several principal underwriters, and
them respectively, are as follows:
Lerner Stores Corp.—July Sales
•
estimated
.
the several amounts purchased
by
''249.
1945—6 Mos.—1944
$6,870,213 $45,049,825 $40,875,857
$6,983,522
>
-
"T
*
Lindsay Light & Chemical Co.—Earnings—
,
"
Name—
Net
Prov.
inc.
for
Net
•Profit
„
before
pfd.
divs.
divs
$581,093
$488,455
$1,168,039
$0.97
$0.81
$1.95
per" share———
* Based
on
Halsey,
Bear,
Burr
profit
599,760
shares,
.
$1,047,220
.;
Stuart
Stearns
&
Co.,
&
Co., .Inc.__
&
Co.—
Inc.—
-
,
■I
.
Amount
.
•
_
$2,200 000;
750 000
•
!_I50o!oo0
6 Mos. End. June 30—
Net
earnings
charges
Earnings
-Charles
$1.75;
-
•
.
Treasury certificates, series E, at cost. $500,000; notes and
receivable. - trade
(after
reserve
for
doubtful
notes
and
accounts
accounts
on
Cost of
able
on
surplus, i
(G. R.) Kinney Co., Inc. (& Subs.)—Earnings—
3'/a%
with
^
'
161, p. 2221.;
total, $7,769.046.—V.
surplus,. $608,767;
6 Months Ended June 30—'
loan agreement between it and,
John
Hancock
Mutual
Life
Insurance
Co.,' company1 executed ! and '
delivered its promissory note to the order of John Hancock Mutual
Life Insurance Co. dated on that date in the sum of $4,200,000 pay¬
to
pursuant
;!
■
$1,582,213; reserve for war production con¬
(est. provision),
earned
Net. sales
initial
prior to June
$1,822,000
1945,
26,
Series
Consolidated
Assets—Cash
•
>.•.
■-
;
must
Shares
Net
$306,967),
s
plant
$542,261;
_
.
.
June
On
57,806
1,453,600
$1,328,681; inventories, $1,161,277;
and equipment (after reserve
patents (after reserve for
$167,508; deferred; charges,' $30,508; total,
(net),
property,
$831,699),
"
i
the
•
"Before
or
.
bonds,. $1,244,806;
Govt,
on
tingencies, $200,000;. capital stock (par $1), $1,050,000; capital
$737,801;
1,
sinking fund
of
of
interest
accrued
assets,/ $230i959;
income
on
office -of: the ^trustee
the event that all or substantially-all. of the properties
of the mortgage shall be taken by exercise-of the
$2,190,741
982,200
__.
■;
1945
30,
V,
amounts due to U. S. Government,*.-1
$3,292,033; unpaid salaries, wages, commissions, excise tax; and royal- r
ties, $131,324;. accrued taxes and insurance; $166,908; Federal taxes*
l
*
annum.
,
5
$494,516
.
1
-
$0.19 %
excess
$3,063,046; U. S. Gov¬
hand,
on
3|/a % serial debentures due Jan. 1, 1946———,
per
1st
65,509
less post-war refund
taxes,
and
—V.
162, p.
570.
,
~
V
Service
and
per
R.
which
taxes
com.
shr.
Lindsay,
has
1945
'
$43,132
$0.57
1943
1944
/"■
all
after
1942
'
." >
-
$36,088
$38,769
$26,768'
$0.45
$0.50
$0.30:
III,; President, -states; The* Chemical Warfare
renegotiation of government con-
conducted* the
*1
•> $204,302
;•
Federal
and
fLiabilitics—iTrade creditors^ incl.
;
at
Cumulative
$2,125,232
60,000
:
income
'
<
,,Capitalization Giving Effect.to Present Financing
103,150
State income tax—
$229,803
$0.21
,
June
Sheet
Balance
deposits and cash
Accounts
bonds.
$1,463,213
$1,566,264
.
$192,174 '
$0.18
5%
756,373
—
...
of eminent
case
Common
profits and income
Federal
—
—
1882.
p.
$1,877,880 %
1,673,578 '
2,248,338
renegotiation
•
s
:——
/•-'%/'
amortization
^
1944
812,707
possible
'Consolidated
bonds
$7,769,046.
.
the maintenance
Series
Operating income
Other
:
—
through operation of the
Refunding
9,318,499
& general expenses—
;
principal
at
of June 26,
8,201,967
1,662,700
/
outstanding $4,211,000 first refunding mortgage gold bonds, due July 1, >
1954. i-Of the outstanding bonds, $2,389,000 had an interest rate of %
June 30
1945,
sales
of
161,
$1,974,735. $2,102,672 k
$3,29. ,
$3.51^,
.
be redeemed, in each
redemption premium r«
being 3%%" of the principal amount, plus accrued interest.
'
Sales, less returns, allowances,: and discounts— $10,477,888 $12,200,105
Cost
shares.—V.
r
subject--to-the lien
power
..
———-
599,760
and in
fund,
,
,
1
notice
like
with the termination of
Although
other
'—
—:
Aug. :1, T945r due Aug.
Aug.
the European war and for other ;!
reasons we have had cancellations of orders for our mining equipment;;
of about $900,000, nevertheless we have booked incoming orders at a •
rate which more than offset these cancellations, and net bookings fox*
the period have materially exceeded our production. '••/ '
':'"'■/%
iSince the last quarterly report;; company has acquired, to June 30,
1945, 69,892 shares of the outstanding capital stock of the Sullivan
Machinery Co. at a cost of $2,20C,784.
Of these, 67,492 shares were
acquired at $31.50 per share, pursuant to an offer made to the stock- •
holders of the Sullivan Machinery
Co. on April 7, 1945, and 2,400 ;,
shares were purchased in the open market.
Funds for the purchase
of these shares were provided by the sale of 100,000 shares of the;
authorized but unissued capital stock of company at $24.50 per share,..
less selling commissions of 1%.
" ■>
■ v :v- ' V;
/>''/
; The
company also has a commitment to purchase an additional '
53,800 shares of Sulliyan stock at $31.50 per share from The Adams
Express „jCo.
and its affiliate, American international Corp.
The
purchase of these shares, however; is awaiting approval of the .SEC.
It is contemplated that the purchase of these shares will be financedJ.
through long-term borrowings.
?
for
.,accounts :receivable-i-trade
597,780 ■;
;
1975.' -Interest payable on Feb.> 1
in New-York.; Coupqnr :
form in denomination of $1,000. rogisterahle as to principal;only and ;
in fully registered
form in denomination of $1,000 and authorized smultiples of $1,000.
Coupon and registered bonds .interchangeable, vRedeemable as a whole or in part at the option of the company at <
any time prior to maturity on not less than 30 days' notice, the initial.;;
redemption premium being 5%% of the principal amount, plus .accrued
interest. -Bonds: will also be redeemable in-part from time to time on
and
current fiscal year.
,
499,975
f
—
on
3^sv
Dated
-
states:
is
(est.)
•:
provisions
Assets—Demand
,
defense - contracts, the last of which was completed in
April, 1945.
Whereas shipments on defense contracts in the nine
months ended June 30, 1944, accounted for 38%
of total sales, such.,;
shipments represented only 22%
in the first nine months of the •
shipments
$2,700,452.,
$2,474,710
______
dividends..
share
per
"Based
all for
Manufacturing Co.—Quarterly Report—
Joy
^
dividends.
before
Other members of the offering group are: Bear, ;
Otis & Co.; and Burr & Co., Inc.
v
The issue was awarded Aug. 6 on a bid of 101.66.
Other bidders were: W. C. Langley & Co. and First Bos- •
ton Corp., 101.05; Kidder, Peabody & CO., 100.81; John ^
Hancock Mutual Life Insurance Co., -101.44; and W. C.>
Langley & Co. and Harriman Ripley & Co., Inc.,: 101.05,
2001.
p.
$1,854,873
income....
taxes
•
4,946
$2,478,141
share—
per common
ernment
'
director,
charge of
Angloch,
C.
Vice-President
and
214,962
$1,872,934
$2,466,159
11,983
12,899
profit
>
Stearns & Co.;
Official Resigns—
Sept. 30 after 45 years'
other
income
profits tax.'/
Aug. 1.
.
Cleveland, Ohio,
at the Pittsburgh plant.
February and be completed by July, 1946.
next
Cr56,000
90,000 r-f
145,707
Bonds Offered—Public j
offering was made Aug. 9 by Halsey, Stuart & Co., Inc.
and associates of $4,200,000 first mortgage bonds <3 W%'x
series of 1975, at 102.41% and "accrued rinterest from %
.
with that
izing output
Dr30,i34>.'
(est.)——
Co.
of est. loss) Dr
Kings County Lighting Co.
$0.81
also plans to spend $3,000,000 on improvements at its
increasing sheet capacity and standard-
company
(60%
Co.
preferred
profit
"Profit
"
corporation has embarked on a $12,000,000 expansion program
Pa,, works which is expected ultimately to increase
the company's tin plate capacity by 5C%, according to an Associated
Press dispatch.
•
The
3,911,525
254,367 lV ;
$1,841,974
———
for7 depreciation
Aliquippa,
Otis works in
5,460,387
245,252
—
plus
Fed.
"Includes
/
$335,805
V.
$0.75
Jones & Laughlin Steel Corp.—Plans
its
Timber
income
Net
The
at
Lumber
Bonifas
Wm.
Provision, for
334,903
.,
$310,767
—V. 162. P. 248.
$5,999,420
*
$670,708
334,903
412,000 common shares.
share on
Earnings per
profit
profit
for
Net
$2,734,452
.
Net
income
"Prov.
Earnings
$1,315,618
644,910
earnings
Total interest charges
Net
Oper.
150,000
——.$2,650,551
i;
i
1943
•
$8,180,012
',, 5,012,395
exps.__;__
gen.
income—
Other
414,704
K 4,903,500
3,272,100
4
_L
contingencies—:
income
Net
40,780
—
Net
Dividends
Operating
$1,274,839
operations!
(net)
•'
$8,202,655
interest——
Bond,,-etc.,
North
Other income
sold-i.
goods
Selling, admin, and
Lf / 716,688
$6,270,151
—
—
^
from
of
'1944
1945
$7,099,622.
—
:
.
earnings
930,820
r
1
Cost
$7,485,967
•
'I
"
Net'sales
54,356,660
>
'
i
Kingston Products Corp; (& Subs.)- -Earnings—
6 Months Ended June 30—
,•
advances and the other
.v'. .:
"■■'/'.//
Latisteel, Inc.; will have an authorized capital stock of 75,000 shares %
of SI par value each.—V, 155, p. 1838.
Charge in lieu of additional Federal income tax
- . :
: ;
and excess profits tax___________-._—
—
47,068
Net
—j
1944
><■ 4,998,031';*, 4,546,306
___
operations———
income
>48,457,101
—
expenses:———__'
selling
from
\
,
sales)—$58,794,464 $66,388,934
interplant
of
(excl.
sales
General
Profit
undertakings! and
agreements
referred to, the exclusive license
under the Latisteel
Patnts has been assigned by Lights, Inc., to Johnson Automatics, Inc.,
and the latter1 has
agreed to and has sublicensed Latisteel, Inc.,
thereunder."
of
Cost
Jr.,
has
assets of the Latisteel Division of Lights, Inc.
June 30
13 .Months Ended
for
V--'^V-"/1945'vi;':"-
'■ ■■■■;.
.
sales
Net
new business," said' Melvin M. Johnson
Inc., with part of the funds so advanced,
additional
financing
Earnings
.
%.%'■":/■'
and proofs for
!|
Mondayv August 13, 1945,
*
!
1
V,*"'1
*
i
for
'
.
depreciation
realized
excessive profits were
fixed
therefore, no refunds will be due the government for that year.
profits for the year 1944 are in the process of renegotiation by
the same agency and as yet no determination has been made.—V. 161,
p. 2001.
;
and,
Rental income after
Concession
income
earned
interest
income
Total
\
v
!
bonds
come
and retirement of corporation's
102,000
!;•
$444,754 1
Other
143,310
"r:fy
.v...3..-;';*.
and
1945'
includes
based
surtax,
(Glenn L.) Martin Co.—Earnings—
an
Net
an
op
U':; 5,369
taxes
;™.u™
At
12 Mos* End.
(28fa
1944
June 30, '45
when
i_;
$582,313
39,664
348,781
$2,136,411
140,403
1,320,037
€2,015.
49,968
222,140
23,750
23,750
95,000
24,454
22,119
95,771
$85,693
$93,030
$263,060
27,525
i
357,645
™„__™___■
income
„r_
„——„—..i!™_i'S
•
3,360
for Fed.
& State
f
1,858
$99,888
in
:
6,378
-
■_
.
:Xyv
<i
interest accrued
on
$79,892
■
Mr
and
equipment,
" Cost
y.•
etc.;-$2,961,771;
total
$2,285,950;
earnedj surplus,-$378,(116;1 total, $3,652,307.—V. 161,
deferred credits, $137,119;-capital stock;. $152,135;
$15,645,189.
Loew's Inc.—Earnings—
June 7,'45
40 Weeks Ended—'
•
^Company's share operating profit_i5___i___^:
Reserve for contingencies..
i Reserve for depreciation^^_______s=
..
,
*
Other
l':
June8.'44
-
Reserve
Federal
before
taxes
Prop, retir.
"
-J'" r
1
2,670,778
-; 7,650;377
interest,
——5.
————
$1.84
preferred dividends.- -V. 162,
$2.08
"In.
r-
Loomis-Sayles Mutual Fund, Inc.r-Earnings^< 6 Mos. End. June 30—
\
Income—dividends
>
y
1945
1943
$55,573
2,955
3,952
$74,516
$59,525
4,007
Total.2-—
$71,815
on
-
v
$56,741
6,949
•
:
;;
^
'
y
20,356
39,604
45,486
•
$63,690.
$39,169
42,992
$52,301
i,_—L-
Dividends paid
17,573
$56,943
19,514
1
—
income
Net
14,712
j
Statement ot Assets, liabilities and Net Assets, as at June 36,
('
f.
1945;
747
interest receivable,
«
88,849
stock
for
6 Mos. End. June 30—
Income:
expense.—V.
output of
tliis
S56;532
the
$399,745
1945
V
1944"
•
1
$121,856
5,663
7,566
-
$793,423;
p.
249.
..
..
y
^
T943 *■' /
-
1942
$102,056
•:
the
13,392
>Totala-LJ-.-.i;
_1_
$119,293
>
1
Deductions—™—'——
.
'V-'T
$127,519
27,962
r» .■■.■■■Li MI1II.IM...IH
i i.'i.
-—■■-.■■PI—.
.1.1
$109,783
■-
26,187
v
KM.,
.
$128,245
V-
'29,535
.
.HIM
...I.i~II.I..II.M.II^I.J
11. -
f 24,408
share
*n..-i.
HI
;
K.w
■
■
.
1
not
1
and interest s—$91,330
r
y $101,332
-
>
the
.
of
amount
in
Co; (Ky.)—^Weekly Output
for the
which
$80,248 ^ $103,837
v.
week ended Aug.
4,
26
5%
the proceeds* of such
,
Gross
bonds
at June 30,1940
as
';
.
V y Assets—Securities,,
^
to
..
X
"And State taxes, $2,732;
p. 2448. '
t
1945, $7,952,789.—V-P 161,
—
rOross
End. June 30—
I■
1945—6 Mos.—1944
1 945—12 Mos.—1944
ing exps.," maint.
t.
7,115,552
7,081,353
.13,830,281
*
Utility
accruals_u._^^^^- w___l__'i™"
Other
$9,880,797
Operating income
Other income credits.™
V'v'i./1"*
Income
:■
i
j:
Gross
income
$9,971,745
$9,725,558
Interest
charges
176,079
186,535
,
$15,837,198 $15,374,217
358,779
—V.
i
-
' amortization
1,904,055
Provisionss for
income
.
\ 1
-
Federril
■■:
}
taxes
7
•
■
-
"
-
1,954,748
3,680,354
—V.
.(
161,
this
3,034,000
3,015,000
6,535,290
6,068,380
$4,569,276
$5,262,774
$4,716,095
and
p.
L.
The
1945—3 Mos.—1944
Sales .-:'™7_u™__—
$7,663,097
'
Si ship,
Idfg.
costs and
•
.7.7.7
L
■'
.
J
-sold
1945—6 Mos.—1944".7
«
,
.
....
exp.
TMisc.
Rrov.
.463,005
$1,243,796
income
Total
\
712,749
V
...
.-
8,926,687
•:
»
678,577
7
•1,382,730
1,329,727
496,764
927,182
992,948
$1,211,471
148,194
inoome
for
9,745,571
.:.....
Operating profit
i
4,851,130
5,243,547
Deprec. and depletion--
$1,391,990
'
taxes
'
597,591".
$2,154,774;
89,574
$1,301,045
610,837
;
$2,193,962
276,520
215,564
$2,431,294'
■
I
:
1,101,893
369,619 \(' 315,321
156,122
profit
™
,
$583,413
profit per share
,$,0.62
.^♦On"948,597 shares outstanding.,
■
$534,086
:
$1,003,679
$0.56,
$992:312
$1.06.,
i
i
'
has
stock
been included
distributions
to
in
share¬
7-
-..
;
1948
;
quotations
certificates of
for
at
market
8,401,170
(demand
deposits).
securities
interest-
sold
5,989,161
:
806,084
sold™™
113,'257
June, 1945
v.—
199,180
™
receivable..
'
5,386
—$187,171,779
Liabilities—
i
$173 657 541
_
indebtedness,
^
(:
*
■
payable July 29, 1943™.
capital stock and miscellaneous taxes
Reserve for
$1,849,782
—-
19,575
Net
22,057
$45,311
—V.
$48,026
$2,688,243
—,
assets
of
2,714
789
_™™™^__L_„_.
Total
.
484,788
333,309
$1
based on carrying securities at market
quotaequivalent to $25.93 per share for 7,115,799 shares
value each™—
$184,483,536
par
161,
2788.
p.
Master Electric Co.—Partial
eration
,
has
of
the
sinking
debentures
2234. i
Henderson
it
&
Commercial
Radio
elected
been
Co..
Cable
Corp.—V.
first
week's
two
162,
due
March
of
p.
and
461.
-
a
of
Vice-President
;■ '■
McCall Corp.
the
table
•
:
given
of earnings
1945,
(
,
and
Net
per
which
i-
-
*
June. 30,
liabilities
anftum
income
1, 1942, to Mareh 1, 1945; inclusive,
trustee, 11 Broad St., New York, N. Y.—V.
deducting
of
excess
- •.
1942
$816,675
1,598,912
: 391,105
net
31, 1944.
assets
including
profits
of
$0.81
J
retirement
$11,232,853
were
and
for
State
date
162,
p.
Federal
and
last
against'current
other
year
and
foreign
Marshall
'
Field &
Period End. June-30—
461.
$9,974,511
sales
&
1945—3 Mos-,—1944"
•
"
(
-
1945—6 Mos —1944
{rental inc. $38,853,851 $34,944,904 $77,326,753 $68,364,145
. - •'• .. ■,
,
Period End.
'
Prov. for
taxes
4,683,269
Fed.\iiio;: taxes
4,403,276
9,793,307
3,458,594
™™„_
3,331,519
7,232,357
■
$1,071,757
$8.16 '
$7.15
$2,560,950
$17.07
July 31—
Sales _L_".
The
^.Earningst before Federal*
income
stores
8,058,041
VNet prof;; per com. sh.
162, p. 571.
—V.
-
$0.55 (
**•
$$.44
$1.11
*
* -1945—Month—1944
1945—6 Mos*.—1944;
,$5,444,621
$5,472,422 $37,633,324 $36,091,642
operated
company
in
-
201
stores
the corresponding month
-
in
July,
in 1944.—V.
1945,
as
against
2Qfc
162, p. 249.
5,962,950
.
McClellan
,-
.
i
157,. p. 731."
Co.—Earnings—
;;
The
taxes.
were
McCrory Stores Corp.—July Sales Lower.—
v:
plan,
\-
same
respectively.—V.
$425,570
$1.25
cost
reserves
taxes
the
$656,307
$1.36
estimated
current
*
$708,712
$1.84
•
Dec.
figures' at
$6,168,445
1
1
150,000
$60,232
$7,253,156,
arid
corresponding
and
1945,
1943
$2,255,220
2,334,582
.
*$960,030
became effective
At
1944
$3,193,294
2,416,808
etc.
share™:
per
♦After
1,
conting,,
.
...
profit
Profit
Sept.
on
1945
$3,376,838
—
Prov.. for
in
from- the. respective* dates- thereof4 to- Sept; 1..1945. ' Payment! will be
•( made "at .the Chase National Bank of the City of New York, successor
-•
"
Profit after charges™™
Fed. inc. & exc. profits
taxes
571.
interest" instalments due Sept.
on
(& Subs.)—Earnings—
6 Mos. End. June 30—
American
/-
those for-;the-month" of June,
*
j
of
Aug.
on
figures iri
are
p.
'
Co., trustee.
;t 231 So. La Salle St., Chicago, 111.—V. 161, p. 1883.
Executive-Vice-President
RR.—Earnings Report—
columns
"Chronicle"
"
for redemption on Sept. 1, 1945,
through- op¬
fund, $75,000 of 10-year 3%% sinking fund
1, 1953, at 102 and interest.
Payment will
be made at the Continental Illinois National Bank &
Trust
announced
was
Redemption—
20,235
$27,791
There have been called
NetVprofit,;i_--i(lv.>:( $1,224,675
1
trust,
a
Payable for purchases of securities
V Payable for repurchase of shares
'. Employees' Federal taxes withheld-
16,253
19,336
--•Net profit per,pfd. sh.
The'results:of the foreign: subsidiary companfes included above" are
figured at the average'exchange rates, except as to the provision for
r.
of
required
,
received! as
,7^;'
for shares
•,->$1.04
....
-
•
stock
losses
or
representing
market
26,567
have been called for redemption
next, at 105Jand interest, plus .interest at the rate of 5%
-
"♦Net
1944
sinking fund-gold bonds
Net
210,986
conting.)
36
..
.
Statement at Net Assets, June 30,
at
Distribution
,
Manila: Electric RR. & Lighting Corp.—Calls Bonds—
Ah of ' the ,butstandlrig 5% - 50-year first lien;and. collateral: trust
$2,409,526
*
Net
•
,
$29,001
Juried1944. • See V. 162,
'
1,057,996
IJALsc. chgs.Xincl. prov.
iort doubtful accts. &
-
c-
'
—
Selling and admin,
'
1.. l.(.
■
V
■
(cost of- purch. cement
\
'
Jane
1942
$1,553,533
gains
v:,
Total
$7,237,942 $14,210,257 $13,443,324
"
share.
a
1943
$1,535,156
unrealized
common
the
measures
for dividends due in
*!:>;;
»
Maine Central
The
Corp.—Earnings—
Period End. June 30—
($30,440) of
Receivable
.,,..$48,337
:
company,
Cable
last
,
cents
does not'include $10,925
under the declaration
Treasury
Accrued
.
Lone Star Cement
and
.
above,
Receivable
6.- He is also Executive
Vice-President and director of the All America Cables and Radio, Inc.,
-
161,. p. 2222.
1944
$1,605,898
..
■
Receivable
,
Mackay Radio & Telegraph Corp.—New Official—
"
$4,857,610
income
S.
22,234
income
Forest
4,210,038
•
Net
1945
as
which
amount
(Cash in banks
379,704
Deprec., " depletion ' and
'?
,
.
income-
quotations
$41,004
-
deductions
"
>:■■■■
Net
:..V.w
'
47
13,874,622
$9,672,187 $15,636,292 $15,201,792
53,372
200,905 ■ - 172,424
90,948
of
Three Months Ended
tar
$1,955,530
securities.
U.
-18,475
(net)__i
income
total
a
and Expenses
127,461
•-t.The -net
i
:
18,290
__
Gross income
i.
;
-24,320
•
the
to- $1,849,782.
This payment, in
brings distributions from incomo
$1,420,072
7,333
income
were
of
119,398
.
177,779
,
there
$1,415,758
Assets—
$306,442
.
taxes____
operating
when
distribution
126,817
tions,
rr
amounted
cash
$1,479,081
Securities
be applied
27,582
income
Retirement ( reserve
(
•
r.'-yL".:^y:((y'v;'.
and
; ■ taxes
Federal
(
revenuesJ. $16,996,349 $16,753,540 $29,466,573 $29,076,415
oper.
<Gas, purchased,, operat*
*
,
"V
increased
*""
$335,901
.:
General- taxes
(& Sub.)—Earnings—*.
value
:
' ' ;
'
dividend- which,
202,472
.v
Maintenance *L__
i *,? Period
1945
.
Operating', revenues
Operation v
Lone Star Gas Co.
',
31, 1945,
quarterly
per share,
half of 1945 to
*
.
..
net assets June 30,
on
from
.
asset
.
-
.
last,
portion of market value
of - the--company
/j:'
;
-C-y
^Lynchburg Gas Co.—-Earnings—
i
'*■:£LiabHitlea-r^Dividend (payable, $33,107; reserve for estimated.(FederaL; £&■, 12,Months Ended, June 30*—47,988,629.
and
expenses
138,257
on
*.
and ^cancellation
.
net
year,
March
*Not including net income realized
i
and to-no other purpose.
This action fol-'-jfetitidn-of the'companSri for*-approval of the-issue' and
sale of -$100,000 «rf fiCst mortgage bonds'".or unsecured" notes.—V. 1'61,
p.~2662.- *
; v
* ■
" '
•
,
'(
y
(
f
r-
at market quotations, $7,861,486; cash in; bank,
468,257; cash on deposit U for dividend payable, $33,107;-;.dividends
; receivable, ♦ $22,502;- accrued : interest
receivable,
$3,276;total,
4
prepaid
*Net inc., for period™ t$ 1,817,273
.
lowed V thf
■
this
cents
the first
income—
'
notes
or
,
of
$23.88
(Expenses
of $50,000 of existing bank debt
to-pay:for.-the additions,-and rbetterment-of- the plant -and
is
•
/
Trust—Quarterly Report-
consecutive
of Income
*
,
1S45,
.
exceed
^property
Statement of Assets, Liabilities and. Net Assets
from
eighty-third
received
•
to
(net), $135,015;
total, $6,325,815.
quarter
Trust,, paid July 20,
„
'
NOTE—For - mechanical t€mnons it is net always
possible to arrange companies in exact alphabetical
'However, they are always as near alphabetical
position as possible. « ((-—
"
4 to. the-payment
$0.16
1945
7,108,977 shares outstanding.
•
silhThe
over
-
"
Net income from divs.
$0.11
:
patents
second
■
^
$0.59
$57,210
350,550
.
During
VU-,The-Massachusetts Department,'of Public Utilities has. approved the
;
Issue of first mortgage bonds and
unsecured notes in a- principal
amount not :exceeding $50.000,r bearing interest at a-rate not exceeding
J; 3¥»%■'• per .annum, to mature riot later .than 25 years from their date,
and to be callable at. any time upon 30 days' notice at a premium
$114,853
400,050
441,800
$0.25
.
9,673
-™™_-;
$45,872
:
Lowell. Gas Light Co.-^-Bonds Approved-^
*:
6,750
$260,504
•
441,800
$3,156;
,
y 7,726
-
88,510
$110,893
-
of
shares
outstanding increased during the 12-month period
6,909,97Q to 7,115,799 at.the close of .June, 1945,
7 >
Federal-Power Commission
the
;
642
equal
j
j-order.
2,299
31,421
Massachusetts investors Trust reports" total net assets of
$184,483,535,
to $25.93 per share at market quotations of securities held
by
the fund on June 30,
1945, an increase of approximately 16.7%. from
the figure of $22.22 per share on June
30 of last year.
The number
-'"•356,532
period
162,
company
131
1,061
21,517
on hand, $2,569,395;
accounts receivable
for doubtful accounts of
$50,534), $913,301; U. S, Govsecurities, $820,000; inventories,
$1,091,525;
property
and
buildings, equipment, etc. (after reserves for depreciation of
holders.
$111,727
Dividends™.,.
'/ y Interest (net)
profits taxes.'
Massachusetts Investors
$756,277
>
.
Loomis-Sayles Second Fund, Inc.—-Earnings—
53,700
»2,003,351,
922,684-
total,' $5,164,132.
$2,952;
262
178.250
v
'
taxes^_
Liabilities—Accouhts payable and accruals, $1,145,356; provision for
duplicate
and
$101,244
,
$862,710
discount
$445,766
$2,759,628
28,355,006 kwh., as compared with 31,671,000 kwh. for the
corresponding week last year, a decrease of 19.5 e/«.—V, 162, p', 571.
payable, $22,920; reserve for estimated Federal
taxes, $1,258; net assets June 30, 1945; $5,139,954.—V. 161,
State
$253,103
•
totaled
Liabilities-^ Dividend
and
9,022
$2,141,928
$82,458' $1,219,242
order dated Mareh 30, 1944,
( Electric
v
'
♦i
77,374
Louisville Gas & Electric
34,355
Assets—Securities, at market quotations, $5,001,501; cash in bank,
4124,153; cash on deposit for dividend payable, $22,920; dividends, re¬
ceivable, $12,606; accrued
debt
39
$68,581
"
Federal, State and local taxes, $696,227; contract payable, $16,822;
reserve
for
contingencies, $60,000; other reserves, $688; capita! stock
-X (441,800 shares, no par), $2,384,431; capita! surplus, $111,480; paid-fn
surplus, $149,533; earned surplus, $1,761,279;
total, $6,325,815.—V. 161.
P. 2558..
three-year period Jrom date as of which the refunding-transactions
completed- by equal monthly charges to account 531-, amortization
of
$101,204
18,622
26,180
■
$969,606),
the-company - permission to . dispose of unamortized debt dis-
and ' expense,
'$49,959
"
•
17,060.
'
Statement
>
$419,586
691,904
Assets—Cash in. banks and
;
are
\r
$48,977
-
$236,044
$793,108
1,018,359
..
$83,421
pfd.
1942
1943
$1,068,318
Consolidated Balance Sheet, May 31,
plant,
$2,758,881
refunding/transaction^ andj to dispose of the remaining $376,262
a
Deductions
v
1944
ernment
>
interest and redemption premium associated-. with the. first mortgage gold bonds, 5c/« series due Dec. 1, 1957,
(." refunded
April, - 1944; fey charging income with $750,000 for the
estimated. saving
in "Federal excess profits. taxes arising from the
tvv
4, -'
1,632
*
applicable: to
an
count
.?;■
;v:. 1942
1944
$71,560
•
$67,809
—
bonds——_
Interest
Subs.)—Earnings—
charges™
,f deferred charges,
1,736,681 " 1,384,392
$171,307
"
etc.,1: deduct..
granted
-
893
$160,795
^
to
(after reserve
^
756,490
$2,132,904
'
Balance
V
460,
p.
(&
•
,
>
f
$9,312,243 $10,514,646
—
share
common
♦After subsidiaries'
136,287 '
$169,675
.
4,747,593
1940.
in
$2,485,413
2,065,826
profit-
income
Fed; exc.
*
/
Net profit
Earnings per
-$159,902
*
-
$516,282,380
■
.2,627,670
i
Federal
"
-1-*
9,335,371, ly Net income
■
operating
p. 2002.
848,639
-
$16,962,620 $19,850,017
taxesi
for Federttr taxes_^^__-lJ-—_^-.(.-i;i
Dividends
s
A
'■
,
.1945'
""Interest
2,339,546 .' 1,329,145
67,864
■:
of 47%
.
expehses^__.
•'!' Miscellaneous
1945—12 Mos,---1944
199,633
;
142,000
res. .approp.
*•
>
■■
-70,798
Gross, income
■
Profit
*.
at the peak
May 31-
Profit
$1,061,808 $13,774,374 $13,079,457
488,349 - 6,716,604
6,850,549
174,701 i
?:;.Net-.oper.: revenues^i Other income (net)
$23,551,'812 $25,320,7,95
3,800,000
2,800,000
2,789,192
$1,063,613
Operating revenuesL_:_
Federal' taxes
.t
>.
1945—Month—1944
VOperating.Expenses >13^516,212
$
from
set aside during the five years, $29,500,000 in funded
contingencies, including renegotiation of war contracts and
and adjustments.
' *■
Other income
„
r
in
and
Net
in-
able, including ..gccrued.interest, $17,811; accounts receivable, $203,685
I
period
appraised the company at $32,050,073
with a market evaluation of $52,263,903,
selling
*
first mortgage
capital surplus, $2,063,423; earned surplus, $385,575; total,
—v.- 159; pi- 449.
the
market
compared
was
Martin-Parry Corp.
vestments and other'-'assets, $2,529; cash, $117,523; temporary cash investments—U.-. S. Govt-, securities, including accrued interest,. $188,972;
special deposits,, war" service credit investments, $32,709; notes" rec'eiv-
PeriodTind. June 30y- y
saccrued,
during
expenses
3 Mos. End.
$184,917
-
1Consolidated" Balance Sheet, June 36, 1945
property
after
Also, during the five years, consolidated earned surplus grew from
"$9,592,122 to $20,316,250, and book value from $20 to $30 per share,
exclusive of reserves.—V. 161, p. 2449.
*
63,496
13,467
*
$64,487
iAssets—Plant,
but
™-__™_■
*
18,188
.Louisiana. Fower & Lighi Co^—Earnings^-..
*
the
1945
Net profit
$570,000;- total current and. accrued liabilities,. $304,221; total deferred
/. credits,*,$23,083;Vtotal reserves, $1,199,190;
common
stock ($1 par), >-! Shares outstanding
f
Earnings per share™™
$70,000; premium on capital stock, $20,121; capital surplus, $1,096,675;
loan, $30,429; amortization of first mortgage-loan payable within one
♦
addition,
26,166
6,529
30,
stock
post-war
r
!,•
$186,458
$110,649;
increased
share)
per
the
f reserves for
$274,579
income taxes
renegotiation
-_™___™_
,y While the market appraisal of the company was declining $20,213,830, the company was increasing its working capital by $8,715,630,
/ from .$11,851,696 at June 30, 1940 to $20,567,326 at June
30, 1945, and
11,519
$89,053
_„,™_™__™™_V™
income.
before
contingencies
orders
June
June 30
,
'
™_™™__
income
net
and
Unfilled
(& Sub.)—Earnings
$581,082
„_
$195,867,196
.—™™_™™™™™_,.™™™™™_™_™._™™,™™
$2,863,714
2,630 1
ytlabilitie»-4liiterestj, payable1945^ ■ tipon^ outs
cumulative income bonds,
.
sales
Consolidated
■^material and-supplies,*,at- average cost, $91,716; prepayments, insur¬
ties-(market value .$1,018,237.50), at cost, $1,000,000; notes and ac-''
ance,; taxes, etc., $21,253;- deferred debits, $14,339; totjil, $3,652,307.
•counts receivable (less reserve-),. $31,719; fixed assets (after deprecia¬
'(liabilities—First mortgage S'/af* bonds, series A, due Jan. 1, 1961,
tion >, $14,058,138; prepaid expenses and deferred charges," $246,754;'!
•'
11
Earnings for 6 Months Ended June 30, 1945
'.
,
$605,908,442.
3 Mos. End
Surplus
v-y
; /•
V Balance Sheet, June 30, 1945
■;
of
v..
,
of
675
as
:
—
expenses
income
Prov.
137,109
—;™!;
\
normal tax
rates,
Total-income deductionsi.i._;t_™™_
Assets—Cash and bank balances, $308,578; tr. S. Government securi-y
■\ -
I r <*, !
,
•:V.
period-!"
power,
.
Operating
,'.."''-Gross
27,122
;
' Profit for
* •
value
dollar
the
on
months
renewals, replacements &
retirements ™™_,!™™™i™:™™..
Taxes; other than income taxes— (
■
,
1
-
$471,876
•
^
»•
Prov,. for
92,'823
Depreciation of fixed assets——
i—_—v
Interest on 5Vi%~ cumulative income bonds™™-!™"—:Z~-~
Amortization of first mortgage loan expenses——I—
-Amortization of bond discount of predecessor corporation—
at prevailing
:
Maintenance
1
^
for Federal
$550,798
Operating
••'
in-
_____™™~———
™™___™
based
six
operating revenues™____™__
Purchased
216,213
interest required to be paid
income for .calculation jot
Net
first
the
1945
•
Profit" from purchase;
for
taxes
Period—
Total
291,268
taxes——„,r——
Interest on'first mortgage loan—™_™___.:™™(™i™-„-'_ ;
Provision for Federal income taxes—_—;—_„_'L_——
!
1'A
1
,
$1,147,059
.1——
Flew York City real estate
!
^
'
Louisiana Ice & Electric Co., Inc.
rebates,' allowances, etc.——_„..™_™ $1,070,692
and miscellaneous
income,
including
—.'™,.™™.______—76,367
accounts„__„„™____™™~_____
doubtful
Jl
4
*
•
compared with $568,878 for the
first six months of 1944.
No provision for excess profits tax was
considered necessary in either period.—V. 161, p. 2111.
administrative expenses, including provision.*
Operating and
«V--'for
Ended June 30, 1945
for
of
amount
———
™„_
«v
'
the time of
at
estimate made
N. Y. City—Earnings-
for 6 Months
Account
income
'I
depletion which is
acquisition.
and
assets
Provision
The
Lincoln Building Corp.,
J'v-
*'n
■
THE COMMERCIAL & FINANCIAL CHRONICLE
has determined that no
1943
,*•/*/
>
Number 4411
yolume 162
tracts
,\J
1
u-
$2,095,091
.
-
$13.97
$0.85
Stores Co.—July
Period End. July 31-r
Sales
—V.
——
162,
p.
249.
r
Sales Up 9.4%—
1945—Month—1944
$3,237,329
1945—7 Mos—1944
$2,960,305 $19,014,337 $17,339,465
THE COMMERCIAL & FINANCIAL CHRONICLE
676
Minneapolis Honeywell Regulator Co.- -New President
Corp.—Earnings-
Mead
—12 Weeks
sales
of
Cost
Selling
admin,
&
exps.
Operating profit
income
Other
/.
and expense, on
Interest
taxes
come
interest
174,470
170,148
3,608
earnings
Net
Divs.
382,495
2,169
5,582
to
.
$249,076
$511,262
209,171
of
Brown
he
Instrument,
104,912
104,585
his
of
who,
because
^shares"
-
Aeronautical
will
be
1, 1945.
retired on June
$144,164
the
the
industrial
and
Army
Gross
69*k6!i7
$0.41
Net
Air Forces.—V.
bonds
161,
sinking-fund, the
1951, and $200,000
Sept. 30 and March 31 thereafter to and including Sept. 30,
Thereafter the instalment
is $400,000 each March 31 and
30 during the years 1954 through 1959, inclusive, with a final
be redeemed by means of. a
instalment of which is $200,000 due March 31,
bonds
first
each
1953.
Sept.
maturity of
to
are
$2,000,000 on May 1,
for
Net
Sales
—V.
Merchants
fTotal
>,Net
Net gain
/•
Int.
Gain
J
1943
1945
$277,097
$301,595
$357,054
113,991
72,265
59,776
47,009
exc.
but
A/
taxes-
/■/.■■
56,609
$355,788
$79,183
■
>
" :'
99,581
30,667
$104,391
income
Federal
tCharter
178,578
Fed.
Cr2,242
Crl,509
$529,296
$607,741
$369,917
$234,857
_
•
expenses
retirement
Property
'732,000
Net
$123,103
$2,314,453
-
;>
.
$48,516
Interest
$395,§28
in
included
10,552
$123,849 / $2,325,005
90,653
872,859
$1,593,255
with War Shipping
charter hire.—V. 161, p. 2112.
• '
is
/':
/
:
$133,792
Ltd.—Earnings—
Canadian Currency)
$1,186,022.
921,712
Net
—V.
and
depr.„
$4,725,583
786,820
$264,310
earnings—
162, p. 461...
3,536,582
$1,189,001
$93,774
•
;
:
Net
'•'**/'*■.
' •"
cost),
in banks
Net-
$4,014,861
3,250,853
income—/.
i
1—
*
$764,008
from
railway..;
oper. income—
Deficit.—V.
162, p.
The
resale
———
Net
1944
A
1945
$32,117,187 $32,260,035
11,587,889
11,549,727
47,565
$208,042
utility plant acquisition adjustments
State, local and miscellaneous Federal taxes...
income and
.-.
profits.
excess
Balance '————————
Difference
due
tax
Federal
inclusion
to
return-—
$3,993,063
1943
Midland
Trust
N.
has
Y.,
income
-Gross
:
,
-.A:AAy /.
•Net
$124,318
30,770
*2,878
*16,814
income——.
income
Dividends
on
preferred
1,112,225
—V.
1,775,940
329,266
</.196,262
4
38,927
i
$2,936,401
divs.,
Net
profit
Mfg.
>;
Net
sold
$2,520,729
Profit
36,050
Depreciation
profit shar.
75,539
83,125
•Prov. for Fed. inc. tax.
1,943,000
profit-
•Includes
Net
provision
-V.
A
$4,960,396
' 248,641
««««
of
Middle
Lindsay,
$1,886,385
52,819
$4,711,755
$3,534,467
90,634
A 347,209
*695
135,317
3,279,401
1,791,256
3,524,638
697,667
146,260
138,543
166,250
1945—12 Mos.—1944
$1,656,155 $19,356,216 $21,892,802
441,031
5,014,954
6,124,865
413,611
4,667,441
5,411,792
135,686
1,571,786
1,643,573
1,734,687
2,052,906
$423,718
$497,627
26,933
5,529
$6,367,348
174,176
$6,659,666
109,162
$450,651
$503,156
$6,541,524
$6,768,828
192,691
201,624
——$257,960
$301,532
(net)
income
——
income
/ 2,472,873'
$4,068,651
2,466,997
per
$381,851
$760,611
$1.38
$1.35
West
possible
957,534
$3,111,117
$3,344,297
.
has
been
The
temporarily.—V. 161, pp. 2558 and 2449.
to
Presidency
the
1945—Month—1944
1945—6 Mos.—1944
$4,076,694
5,403
$3,591,959 $23,366,334 $21,123,125
3,244
38,878
28,736
$4 071,291
$3,588,715 $23,327,456 $21,094,389
2,435,621
15,388,665 14,586,461
746,394
5,316,687
4,112,371
Net
—V.
*
elected
appointed
been
oper.
income
162,
p.
2,744,937
900,692
—
$425,662
$406,700
296,413
income—.
266,120
$2,622,104
1,839,141
$2,395,557
1,562,409
250.
com.
newlv
was
left
issue.—
same
(& Subs.)—
///■';
•
23,393
$1,636,312
-'/• • ■
12,916
$499,253
$664,182
•
$1,649,228
$475,860
9,291
-
$673,473
67,944
81,585
.,421,675
f
12,278
12,785
295,000
1,370,500
Cr26,600
/ Cr14,000
1 /'A/A—A—.'
$196,813
$0.41
$205,975
$0.43
■
Cr600
A
$98,888
$0.21
share-
for
provision
depreciation
of
-
$323,957
$265,943
$0.55
in
1945,
,.•//A
part of the company's business is contracted
indirectly with agencies of the U. S. Government.
These
subject to the laws regarding renegotiation and any
liability which may arise from such renegotiation cannot be deter¬
mined at the present time.—V. 161, p, 1884.
:'AA\.-'
considerable
Note—A
directly
or
are
Treating Co.—Earnings/ 1945—3
1945—6 Mos.—1944
MOS.—1944
$422,758
sales—.
of
•Cost
$335,382
$782,840
$671,381
338,327
281,857
631,301
568,699
27,044
48,780
54,909
$26,481
$102,759
$47,773
—
Selling, admin, and gen.
expense
Net
profit
on
Other income
for
Net
952
5,364
Dr 213
$64,811
$27,433
$108,123
$47,560
27,525
11,500
$37,286
$15,933
$62,098
9,078
8,908
18,135
4,669 /.
(net)
v'
and
income
profits taxes-
excess
.
$60,142
oper.—
income
Total
Prov.
24,289
———.
income
.
—
•Includes deprec.
chgd._*
46,025/
/
20,000
$27,560
11,882
161, p. 2113.
National Steel Corp.—Earnings•Profit
L- $15,871,686 $11,860,247 $32,924,626 $22,991,203
—
Interest
Prov.
depletion
3,692,663
7,482,044
405,142
429,269
834,411
Fed.
866,015
4,875,000
17,725,000
9,725,000
taxes
;
6,986,730
/
on
8,075,000
income
$2,863,315 $6,883,171 $5,413,458
f$1.30
t$3.12
$$2.45
operations and income from interest and dividends after
deducting cost of sales, selling and general expenses, and all other
expenses,
tBased on 2,206,492 shares.
$Based on 2,206,267 shares.—
V. 162, p. 250.
/A
■
'
Net
$3,453,183
t$1.56
profit—:
Net profit per
share——
•Fro.m
,
Net
division of H.
and
—3,938,361
charges
for
1945—6 Mos.—1944
1945—3 Mos.—1944
Period End. June 30—
6 Months
Co.—New Orders—
K. Porter Co., Inc., has received an
order, from the Clinchfield RR, Co. for 300 50-ton AAR steel box cars.
The cars are scheduled for delivery in the first- quarter of 1946.—
The company has also received an order from the St, Louis South¬
western Ry. Co. for 250 50-ton steel box cars.—V. 161, p. 1775.
The company further received an order for 400 50-ton steel box
cars
from
the Louisville & Nashville RR., in addition to an order
for 250 50-ton box cars for St, Louis Southwestern Ry.—V. 161, p. 1775.
a
the
July 3/43 June 27/42
July 1/44
1G1,700
—
National Tool
Mt. Vernon Car Mfg.
company,
for
registrar
$324,999 in 1944, $267,410 in 1943 and $146,512 in 1942.
Deprec.,
Telegraph Co.—Earns.—
refund
Corp.
director,
earned
$4,301,831
957,534
period—
162, p. 355.
Net
$752,761
$0.70
162, p.
another
has
York
New
•
prof, taxes
deducting
•After
-V.
Operating revenuesOperating
expenses
Operating
taxes
2,376,000
and
Dr$243,127;
'
:
National Pole &
168,200
revenues-
-
taxes-
Net sales
Operating
revenues
/«.
Uncollectible oper. rev._
166,250
3,548,000
general contingencies
2222.
1
cost,
790,383
2,084,360
125,000
100,914
68,598
83,125
1,300,000
I\post of. Chairman of the board.
vacant
excess
and
Period End. June 30—
238 310
t;Middle West Corp,—Changes in,Personnel—
director
165,866
3,437,269
1,832,308
747,426
Mountain States Telephone &
$3,772 776
119,634
f.Purcell L, Smith has resigned as President to become President of a
new, j association of independent electric companies.
He will continue
a
1942
$587,779
113,248
Balance—.
$0.70
for
renegotiation.—V.
Martin
127,808
applic. to pfd, stock for
This
as
1943
$385,379
1944
$575,237
295,926
■
$383,015
——
Earns, per com. share—
upon
——
inccme
Gross
1945—6 Mos.—1944
$2,006,019
Other deductions—
Reserve for
348,207
315,872
Interest
$2,576,932
/. //••
$2,645,534
124,805
Sell., gen. & admin, exp.
Net
:•"
of
Co.
$327,933
—
income
profit—
Earns,
■
1945—Month—1944
A;—
oper.
Other
(& Subs.)—Earnings-
v
at
22,164-
deductions—
amortization
goods
shares,
$305,769
.
and //.;'
—_
eral
62,990
de¬
after
ducting cost of
$10,227,891—
Post-war refund of Fed¬
'167,310
Co.—Earnings—
expenses-
retirement
Divs.
1945—3 Mos—1944
value
accruals, $5,579; reserve for taxes,
June 30/45
rents
•
profit
for
Prov.
contracts
deplet. reserve approp.
161, p. 2222,
Period End. June 30-c-
100,280
302,143
110,564
$1,340,605
revenues
taxes—
Prop,
$2,714,432
137,500
190,000
Midland Steel Products Co.
income—
taxes
Other
$4,490,373
stock
imarket
A/A;- ;:AA' / ;./•;• //A' A./.A/A
miscellaneous
1750,731
1945
$570,555
railway—,—
from
Operating
32,442
1,400,343
Balance
,.A
railway— >
oper.
Federal
$4,457,930
$4,526,745
^
.
Period End. June 30—
•
deductions
$519,407; U. S. Govt, securities
hand,
appointed
been
profit from oper,.
Int.,'
11,187
1,208,374
*208,719
railway
Montana, Power
359,583
$3,126,401
Total
59,409
137.
January 1—
from railway.—
Operating
24,377
(net)
A
v:-
/
462.
p.
Period End. June 30—
$4,098,347
509,304
———„
on
in portfolio
National Malleable & Steel Castings Co.
1942
$171,840
$205,584,
58,867
11,565 /
,
4,923,566
$4,502,367
Other
Net
consolidated
in
111,619
security profits.
on
Sheet, June 30, 1945
(30,800
3 Months Ended—
2,641,420
Amort, of
111,619
7,336
$49,531
agent for , 100,000 shares of $25 par value 4%% cumulative
preferred stock.
The Bank of the Manhattan Co., New
162,
Other
3,014,726
1,443,516
Net ry. oper. income—
351,295
* Deficit.—V. 162, p. 137.
Gross
1,650,380
2.707,320
4,175,377
Depreciation
from
From
1,052,056
63,420
—:
——
'
from
Net ry.
6,296,971
1,063,089
1,713,610
/Maintenance
$362,460
and
stock
treasury
Marine
York,
V.
Monongahela Ry.—Earnings—
Gross
6,813,414
'
$162,593
$56,867
A
dividend payable—July 25,
1945,' $111,619; capital stock
(issued, 477,274.60 shares), $2,386,373; paid-in surplus, $4,-
transfer
.
1,236,882
26,186
from, railway-.;—
Net ry.
A /A///V:/;/ -'/"A
:
57,878
stocks
$1,100,092;
$5)
139,369;
393,804
1944
jj'1
$189,026
*44,266
*83,163
railway.—
railway—__
oper.
ry.
June—
12 .Months Ended June 30—
$420,339
3,391
surplus, $1,254,964; total, $7,782,969.—V. 161, p. 2003.
——
* 'y"
-<-•••
from
From January
v....
Operatiug revenue
Gas purchased for
$165,984
124,518
—A*/" 111,619
Earnings— A,A;
from
Gross
Michigan Consolidated Gas Co.—Earnings.
Url7,093
inc.
4
Net
Oper. exps.
$73,960
298,257
Liabilities—Accounts payable and
$601,846
266,856
stock fdr period—
p~~25Q.~~
June
Net
^A/
$880,594
$122,082
27,211
surtax—
income
(par
Missouri & Arkansas Ry.—Earnings—
1945—4 Mos.—1944
1945—Month—1944
Ppriod End. Apr. 30—
Gross earrings—™
$138,773
477,927
sees.
'
in
(Expressed
:;*
/
43,592
National Container Corp.—Transfer Agent—
$1,185,290
Gross
-
37,921
414
$487,201
of
normal
and
$128,193;
991,409
$1,452,146
$33,196
$34,629
—
to pfd.
applic.
-V? SSif
;///;/..:•///
:/;
Mexican Light & Power Co.,
60,110
■—
inccme
Net
178,141
estimated pending
regarding rate of
partly
Administration
;
,'AA// 746
$94,739
37,999
:
4,977
.
$217,387
$256,207
revenue
negotiations
/:.
$117,552
convertible
taxes.
revenue
—
$160,003
\
$6,089,386; investment in National Aviation Research
Corp. (75% owned—at cost), $50,000; dividends and interest receiv¬
able, $22,584; deferred charges to expense, $1,500; total, $7,782,969.
$1,588,278
$93,468
1,271
ir.come___
$179,110
$117,137
/
at average cost),
846,000
A 42,051
61,000
A
1942
1,711
$611,719
sales
•Estimated Federal income tax
re¬
revenues
oper.
A'/
1943
$158,292
2,258
2,338
Assets—Cash
61,000
//■ 14.38
30
1944
37,338
Dividends
5,832,734
1,321,474
746,064
5,799,759
1,354,051
411,510
111,709
56,837
appropriation
serve
15.11
tax
Balance
721,336
137,748
— __
June
Ended
19.03
15.82
A
$176,852
$171,130 /
expenses
Fed.
Net
$749,373 $10,921,599 $10,334,550
447,974
taxes.
Months
4,489
—
taxes
(at
446,474.60
477,274.60
1945
Profit
1945—12 Mos.- -1944
6,746,140
6,865,227
$166,641/
income——
fr.
•Est.
/AAAAAAAA/AA
1945—Month—1944
Six
—
Profit
Crl0,468
/
446,474.60
446,474.60
surtax—
Profit
410,000
Cr985
Statement,
inc.
1945,
per Share
$23.34
Outstdg. '•<
7,066,239
received—™
normal
and
•
30,
June
on
446,474.60
•
received
Total
183,043
458,700
$797,027
depreciation and recapture due War Shipping Administration
before
23,036
88~107
_
Other taxes
Interest
$1,213,352
128,656
246,400
Other income
——
income
/.•After
$1,293,721
100,600
income—
1941-__„
Operating
$1,127,115
86,237
225,700
revenues
Divs.
.
$702,182
39,163
$1,254,558
.
124,000
A
31,
335,711
19,407
.283,523
$161,000
prof,
and
Net
i,
:
$684,272
A
958,910
1,000,077
5%
Operating
59,817
,
'
—
Fed.
for
Prov,
,
net
assets
8,497,980
—_
■'/
$374,612
oper.—
income
~Net
44,987
purchased
Gross
,
$657,195
——
Period End. June 30—
1942
::
other profit
transactions
on
$640,041
1942_
Dividends
9,779,165
AvAA
'.//.-V
481,844
.
—
160, p. 250.
A'
44,231
of
net
of
;
Income
./v/
(net)
exp.
Consol.
value
$10,422,763
$U,865,190
10,112,720
4,995,835
515,618
31,
•':
•
at the close of several earlier years were:4
Net Assets
Shares
1944—
1943
1945—6 Mos.—1944
$6,134,874 $12,367,355
5,0.93,735
profits taxes
Income mtge.
on
indicated
1945
31,
31,
Dec.
United
30,
Dec.
Dec.
indirectly wholly owned
1945—3 Mos.—1944
oper.
on
bonds
-bonds
—V.
or
$6,249,394
inc. mtge. bonds
for income and
on
excess
Co.—Earnings-
Miners Transportation
Value—The
Asset
(Minn.)—Earnings—
Paper Co.
(includ.
income
Provis.
$3,632,493
$4,867,600
-
\
Corp.—Semi-Annual Report—
and corresponding figures
Mississippi Power & Light Co.—Earnings—
1944
from
/and loss
1,700,012
1,145,723
Operating
revenues
inc.
profit
Federal
&
Quarter End. June 30—
..
.
2,346,895
1,779,054
—
income
355.
p.
6,218,333
945,116
Ocean,
250.
Net Assets
deplet.)_
and
income
Total
1944
1945
-
—
—
——
.162,
sales
Unamort.
Sales Up 34%—
/'•''"//
•
7,125,457
1,953,575
Ontario
—
of
Other
the corporation anticipated payment of the $300,000
purchase money notes outstanding in connection
with
the
of the Manistique Pulp & Paper Co. and the
Manistique Light & Power Co. This payment and the expenses of the
refunding, including premium on the bonds redeemed, and amounting
in, all to approximately $215,000,
were made from the corporation's
general funds.—V. 162, p. 249.
//
—V. .162, p.
States and Canadian subsidiaries)
expense
3^4 %
purchase
Mercantile Stores Co., Inc.—July
7,402,108
844,467
Selling, admin, and gen.
of
Month of July—
South.
and
$1,001,391
189,622
V 78,745
V-E
European
North
America, including the islands, and the territory of Hawaii.
the
policyholders serving in the armed fbrces in
Africa and the Mediterranean area, the Atlantic
for
-
&
sales
Cost
to the properties of the corporation.
post-war improvements
-
1,864,651
Period End. June 30—
Net
Coincidentally
remaining
162, p. 137.
'/"/'A'
special account
a
220,579
natural causes or accidents,
the company to claim limited
liberal'application of the war clause is effective from
more
area,
7,627,405
income.
oper.
deprec.
set aside in
been
317,207
A
220,640
Day
1942
$1,153,059
421,605
.
.
from
would permit
circumstances.
clause
such
Dec.
1960.
has
J ^
deaths
for
coverage
war
under
National Aviation
(Including that of directly
of the sale were used to redeem the corporation's
first mortgage serial bonds totaling $6,000,000 and
of insurance companies.
A';AA//'AAA
$2,000,000
$1,382,918
■
the
if
even
June
group
of
balance
The
,
the same
by
$1,274,190
250,256
78,553
__
income-
Minnesota
Sept. 30,
of 10% of
outstanding 3JA%
held
railwayrailway
oper,
ry.
—V.
with
net proceeds
from
ry.
Net
there is a contingent payment,
1951, and continuing Sept. 30 of each
succeeding year,
the net earnings of the company (after
preferred dividends) for the preceding fiscal year.
The
policyholders'
liability
1943
.
holders,
2558.
1944
January 1—
Gross from railwayNet
from
railway
the fixed sinking fund
addition to
In
commencing
p.
";
,
The company will new pay death claims in full on such policy¬
even though their policies contain a war clause limiting the
company's liability, provided the company is satisfied that such deaths
are
not a result of war or military service.
This extends to those
McGoldrick
Mr.
activities
conditioning
From
Privately—On June 1, 1945 sale was
completed to a small group of leading insurance com¬
panies of $8,000,000 first mortgage 3y8% sinking fund
bonds, due May 1, 1960.
'A/A
The
Under
engineering
air
and
1945
from
Net
/AA;'/-';AAA'':
■
stated.
was
company's
heating
The
of Bonds
Sale
requested that
has
in
the
controls field,
and the operation of the Aeronautical Engineering department which
developed the electronic Autopilot and other aircraft-equipment for
$284,394
$302,091
..
699)607
699k63o
$0.23
$0.21
$0.43 . _
balance unamortized expenses of 3*A%
$185,296
"Includes
health,
209,900
share-
com.
per
it
Engineering,
consolidated
domestic
.
The company has announced that, in view of the end of the war in
Europe, it has voluntarily liberalized its application of the war clause
in
its
policies, to give added insurance protection to policyholders
serving in the armed forces in areas where the war is now ended. 1
Lewis W. Douglas, President, further added: ■.;//./;; ;V
duties
Minneapolis & St. Louis Ry.—Earnings—
$159,557
/ 693,612
outstdg.——
shrs.
Earns,
ill
same
Application of Its War Clause—. /
activities, of
June-
Com.
of
company
in the
Mutual Life Insurance Co. of New York—Liberalizes
of
.
relieved
be
of
334,489
827,167
439,215
The
at ah early date.
•
the parent company will be under the
direction of W. J. McGoldrick, who has been Vice-President in charge
$494,294
shares—
supervision
—
devote his entire attention
will henceforth
and
;
•
1945—7 Mos.—1944
$7,290,435
$6,697,322 $51,265,463. $45,716,142
in July, 1945, had 208 stores in operation, as against
month last year.—V. 162, p. 249. •'/•
■/ >'
;
'*•
1945—Month—1944
July 31—
•
207
the expanded sales activities of the Honeywell
organization and its subsidiaries., Mr. Dever, who has been serving
as Vice-President
in charge of engineering for Minneapolis-Honeywell,
will also assume the responsibilities of E. B. Evleth, General Manager
4,027
$264,142
——-
pfd.
on
335,631
;
——
from Brown
withdrawn
121,544
*299,340
tax
profits
excess
Minority
A
60,296
165,478
Period End.
Sales
The
has
a
Engineering
*242,928
——-
wholly-owned subsidiary, succeeding Charles B. Sweatt.
Vice-President and director of Minneapolis-Honeywell,
a
latter,
$2,559,060
777,539
770,899
(G. C.) Murphy Co.—July Sales Rose 8.86%—
AA;/ ////'A/A/AvT-v;-
Henry F. Dever has been elected President of the Brown Instrument
Co.,
99,681
$2,361,929
390,049
: :
:
long-term debt ——
Federal and State
in"
Fed.
$1,249,563
'
$1,245,246
—/////.*//•/; 389,949
income
Gross
Depreciation
$2,459,378
$2,289,025
72,904
$1,193,282
56,281
$1,200,592
44,654
__
——
■'///.,,AA;A,/:
of Sub.—:
-—
June 16/45
June 10,*44
$0,212,815 $18,765,752 $18,177,815
15.388.370
14,724,620
7,520,086
1,088,357
993,816
499,447
$9,555,537
7,804,189
550,755
discts.—
•/——A
less
sales,
24 Weeks Ended
Ended-—
16/45 June 10/44
June
Net
Monday, August 13, 11945
.
...
.
Co.—Earnings—
•;
Ended June 30—
profit after charges and
'
taxes
capital shares-'/
Earnings per share on 244,474
•Loss.—V. 162, p. 571.
1945
1944
$49,013
*$3,858
$0.21
A Nil
,
Neisner Brothers,
Period End. July 31—
Net
—V.
sales
—
162, p.
250.
—
Inc.—July Sales Up 7.2%—
1945—Month—1944
1945—7 Mos.—1944
$2,764,150 $20,311,022 $19,123,893
$2,933,283
vVV-1'
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4411
yolume 162
677
1
:
End!
''
Subsidiaries—
Rent
v.
/
lr.- lease
of
plants
y/y:
•
-'y
-ZZyV;V'y 3,859
(net),;
Operating
5,752
/
int." to public,
deductions.
;
Balance
*
*Pfd.
Balance
Portion
public-J
to
Period End. June 30—
1,315,971
Net
-
and
' $945,354
-$4,611,251
1,997
1,492
$4,609,254
$4,539,998
$944,995
shares
pur-'
-130,454
40,648
171,406
Companyequity (as abave) 4
$4,609,254
171,817
429,844
-
<
'
.'
&
'
418,435
227,400
421,300
260,525
544,655
$774,564'
$799,083
$1,480,979
9,051
4.450
14,856
$1,555,081
28,833
income
Expenses,
Federal
Other
excl,
$783,616.
$803,532
231,735
$1,495,834
.271,900
$1,583,914
553,153
from
140,390'
$643,226
$571,798
$1,223,934
$1,030,761
86,500
127,800
215,700
203,800
;
income;
(net)—
!
income
Gross
Total income
.
deducts—
,
470,100
416,683
524,089
.
etc.,
Federal
.72,671V
♦Reduction
4,542
.
-
2.918
income
Surplus
of
The
3,000
4,700
.
a—$744,285
$861,666
be
not
X
Chapter
available
$1,234,561
Bankruptcy "Act,
the
of
of
consummation
after
Comparative Statement of Income
——/
(Company Only)
1945—12 Mos.—1944
1945—3 Mos —1944
—
$150,043
v
$150,043
$980,252
$1,168,564
1,047
73,918
; 459
—
income
Expenses,
Other
Int.
Net
$150,043
$981,299
65,244
72,671
317,728
'
•
—/.._/..z
1,042
;
1,337
4,542
/
4,621
March
343,852
.
2,918
tax
income
Legal investments,
York,
Philadelphia' .plan.;
3,000
."
income
—V. 162, p. 250.
4,700;
$76,674
19,242
945
26,300
$615,269
$66,714
38,299
$834,350
■
:
Underwood
C.
,
,
.
and
•
.
elected
been
has
.
of counsel, for
Issued
New. Jersey.
'
.
President
of
Merchants'
the
.
Earnings
—V.
1944
1943
$2,960,585
1,733,743
919,706
$2,537,825
1,421,728
•
861,614
$369,811
./Z
Net income
•
$307,136
$0.81
$254,483
—__z———.
per
share
common
;
1945
$3,110,703
1,810,952
929,940
j
Taxes, interest, etc
$1.71
V
$0.06
162, p. 572.
New York & Honduras Rosarto Mining Co.—Earnings
Period End. June 30—
Net
1945—3 Mos.—1944
1945—6 Mos.—1944
profit after charges
and
1974,
2559.
p.
in the opinion
Massachusetts
;,1.
Expenses—————^——
$9,000,000; accounts payable, $238,030; dividend pay¬
able July 1, 1945, $30,000j. customers deposits, $159,907/ taxes accrued,
$365,600; interest accrued, $148,013; other current and accrued lia¬
bilities, $11<121; deferred credits, $337,131; reserve for depreciation
of utility plant, 56,023,110; stabilizing reserve, $1,010,454; reserve for
Federal income taxes for prior years, $116,744;. other reserves, $49,361;
contributions in aid of construction (non-refundable), $99,235; capital
surplus, $356,113; earned surplus, $900,673; total, $25,853,862.—V. 161,
5,794
/
;
'
.
L
competing
A
(Including New York Dock Trade Facilities Corp.)
^
$1,242,482
v
19,086
deductions
other
Federal
»
$150,502
taxes..
taxes
taxes
&
—z—. V
excl,
99.019.
of
15, 1945, and to mature $880,000 on each Aug. 15
New
6 Months Ended June 30—
stock (87,500 shares, no par), $4,000,000; 4%
preferred stock ($100 par), $3,000,000; premium on cumu¬
lative preferred stock, $8,370; first mortgage-bonds, 3%
series, due
J
Federal
in
Revenues
Sheet, June 80, 1945
cumulative
Total
banks
of
Liabilities—Common
(
bid
a
on
New York Dock Co.—Earnings—
which
plan
a
6
-
Period End. April 30—
Income from subs, con¬
solidated
will
Aug.
New; President of Units—
K.
deductions, in consolidated returns, for interest
securities of indirect parents (in process
under
awarded
was
Despatch Transportation Corp. and the Northern Refrigerator Line, Inc.
He succeeds the late C. M. Wynne.—V. 162, p. 572.
fund accounts,
.
Qther income
$1,439,634
$699,598
Assets—Utility plant, at original cost, $21,666,542; investment and
$483,482; cash in banks and on hand, $846,547; special
deposits, $90,105; U. S. Govt, obligations (incl. $100,000 Treasury note,
tax series C), at cost, $2,000,000; accounts, receivable (net), $450,145;
interest receivable,
$4,042;
rents receivable, $8,034; materials and
supplies, $257,613;
prepayments, $27,466;
deferred debits,
$19,886;
total, $25,853,862. , ■
: "■
requirements applicable to respective periods whether
unearned.
or
from
$729,726.
Balance
dividend
♦Full
earned
inc.
$4,205,784
$4,244,271
'
on
be dated Aug.
1946 to 1955.
To
reorganization of such parents.
38,299
26,300
issue
savings
amortization charges on
reorganization
deductions
945
tax.
Fed.
surplus—.
•Resulting
and
19,242
deductions-
in
Balance,
5,794
19,086
_„_/_//
taxes
343,852
1,337
4,621
1,042
---u—--
-Z—
$71,648;
price of 99.619 for a 1 % % coupon was received from an
investment banking group headed by Halsey, Stuart & Co., Inc.
under the
income
Net
$4,613,916
$4,610,301
317,726
$944,995
65,244
taxes-
taxes
taxes
Int.,
$818,113
'/
bid naming a
taxes—
Operating
?
Total
Co., Inc.,
232,177
73,918
459
surplus,
:7;
V.-;'
RR.—Equipment Trusts Offered—
& Co. and Stroud
Aug. 7 offered $8,800,000 1%% equipment
trust certificates (second equipment trust of 1945) at
prices to yield from 0.95% to 1.85% according to ma¬
turity.
350,766
Other income
$4,539,998
1,047
$944,995
income
$592,948;
stock),
common
par
Salomon Bros. & Hutzler, Wertheim
5,323
235,235
282,894
•
Other
no
New York Central
National Power & Light.
Net
of
$1,893,074.—V. 160, p. 1082.
191,700
:
$817,654
■
$5,482,506
2,160,463
220,192!
-
subsidiaries
1945—12 Mos.—1944
$6,010,253
2,543,634
1,064,015
Other
$4,541,490
359
gas
•
chased, and interchange
power --(net—vl/^/_/^
Maintenance„/•—',
;
equity in income
of
;
Liabilities—Note payable to bank (secured by U. S. Govt, securities),
$380,000; accounts payable (shippers), $758,046; vouchers payable,
$29,080; withholding, social security and other taxes payable or
accrued, $17,850; Federal income tax, 1944 (est.), $38,267; accrued
expenses, $3,586; miscellaneous liabilities, $1,650; capital stock (95,887
4,579,810
Light Co.—Earnings—
$2,795,665
81, 1944
Balance Sheet, Bee.
Assets—Cash, $512,147; u; S.' Govt'! securities, $445,000; advances to
shippers and accounts receivable, $855,809; miscellaneous accounts
receivable, $19,595; merchandise inventory, at market, $2,787; reserve
for losses on
advances, accounts receivable, etc., Cr$77,29l; stock
in wholly owned
subsidiaries (at cost), $50,455; due from wholly
owned subsidiaries, $29,569; furniture and equipment (after reserves
for depreciation of $22,223), $2,213;
prepayments .and sundry de¬
ferred items, $33,497; claim for refund of excess profits tax, 1941,
$18,234; post-war refund of excess profits tax, $1,060; tjOtal, $1,893,074.
Federal income taxes-
5,281,785
$818,118
mi-~
nority interests
$7,315,924
$8,420,673
5,058,224
773,868
1945—6 Mos.—1944
Prov, for. deprep. of util/
Ity • .plant—
■
$9,823,275.
$9,828,528
5,217,277
$2,261,325;
1,304,319
<
_
to
:
.
464
t.
applic.
•
$2,122,437.
—
..
divs.
,
.
$1,205,236
Total oper. revenues,^*. ;$3,076,804
■Operating expenses^/
1,241,764
$4,392,789 $18,123,390 $18,027,275
'
^
; '• y .;/yV
■: y/y::
2,024,178.
2,131,464
8,294,862
8,204,000
&c.,:
$1,414,070
,966,880,
New Jersey Power &
20,631
z_—^$4,146,615
Net
1,327,395
yv/yy Vy'',,
12,398
Power
Gross income
-
$8,679^100 $55,943,825 $51,365^803
5,904,323
39,930,410
34,964,330
1,569,541
7,592,742
9,085,549
6,791,574
102, p. 572.
—V,
'
...
$9,533,039,
taxes——
Net oper, incomeNet income—-————i,
$4,354,362 $17,964,222 $17,919,147
38,427
159,168 ;
.108,128
Operating income
$4,109,330
Other income (net)- 37,285
.
$8,687,756 $56,008,685 $51,416,943
8,656
64,860
.51,140
-;
6,375,377
$4,348,610 $17,951,824 $17,898,516
$4,105,471
revenues—
$9,542,328
9,289
revenues——
Operating revenues.,.
Operating expenses-*—;
"y.z-^z
;
1
Mos.—1944
'
12,341,736
4,707,278
-
Co.—Earningsi945—Month—1944 '
1945—6
'
Uncollectible oper. rev..
$84,223,918
42,901,011
.
oper.
Operating
1-
,■
Operating revenues— $21,812,513 $21,245,903 $85,993,860
Operating expenses
11,227,902
10,511,937 44,852,275
Federal taxes —3,454,272
3,581,993
11,894,690
Other taxes
1,155,753
.1,164,402 ; 4,475,305
Amort, of utility plant
acquisition adjustment
432,169
—576,225
Prop, retir. res. approp.
1,436,946
1,638,961
6,243,541
Net
*
Period End. Juno 30—
1945—12 Mos,—1944
1945—3 Mos—1944
April 30—
New England Tel. & Tel.
(& Subs)—Earnings—
National Power & Light Co.
Period
Federal
taxes—
;
'
$156,454
*
Earns, per com. share—
—V. 161, p. 2663..
$289,8C1
$1.56
$119,120
$0.64
$0.84
$263,677
$1.42
NOTE—'For mechanical
reasons
it is not always
to arrange companies ■ in exact alphabetical
However, they are always as near alphabetical
position as possible.
possible
order.
,
(J. J.). Newberry Co.—July Sales 8.3% HigherPeriod End. July 31—
«
-
—V.
162, p.
'■
V
Newmont Mining Corp.—Earnings—
1945—Month—1944
1945—7 Mos.—1944
$7,755,849
$7,161,816 $52,117,609 $48,551,655
—
V-. 6 Mas. End. June 30—
'-
--
r
.!V--"-"" *- *V-
"V'i
••
f" -!
•
'■'z '
V"
'•
Interest
New Bedford Gas & Edison Light Co.—Earnings—
1945
12 Months Ended June 30—
Total
$6,399,538
expenses————3,119,829
Operating
3,010,153
—•
Maintenance
for
-i---——634,640
retirement; of prop., plant and
equip/
(excl. of Fed. income taxes)
Other
(net)————————
601,800
735,385
net
$1,604,892
v
29,799
—
Total
other
$1,489,865
deductions.—z————
$980,535
$1,040,484
$1,232,340
289,087
income
tax
261,792
219,967
259,171
69,000
74,000
60,000
income.—
-V. 161, pp.
$1,001,450
.
2223 and 2335.
yy'-'yy
parable figure
$1,055,431
as at Dec.
:yy:,y:y
/yyyy;
bf Income
Statement
-
(Parent
Expenses
r—
$2,655,713.
.161,684
2;580
2,041
Net
,
2—
tnccme__
from
1
income-
income
for Federal
.
.
—f„ ; $2,500,670
other deductions
provision
.
taxes.—
and
on
$896,850;
160, .p.! 2113..
$52,147,464.—V.
accounts
income...—
Net
For the
.
week
ended
Of 12,756,223 kwh.
Aug. 3,
This is
an
■c
revenues
expenses
—
Federal
Other
$3,870,028
1,299;386
$4,410,344
1,296,873
1,960
$1,179,226
331,873
:.
332,298.
_/_.
/
income
.
Period End. June 30—,
Sales
;
.
'v
.
: •
1945—12 Mos.—1944
1945—3 Mos;—1944
6,431
$2,975,017 $15,421,980 $15,698,053
5,863
59,127
' 57,593
$2,411,864
steam———
of
Other oper.
$2,980,880 $15,481,107 $15,755,648
$2,405,433:
revenues-
Total
;
Oper. rev. deducts.: ;
Operating expenses—'
"
1,540,087
428,670
170,000
1,696,395
340,846
170,000
9,699,605
Maintenance —Z/—_z
Depreciation
'/,/
449,108
104,544
1,831,902
213,700
.1,889,421
Dr$176,001
$313,095
$1,325,381
$1,650,9^7
_/—_—»
-
10,084,065
1,043,255
1,410,519
1,000,000
income
Net
,
in
lieu- of
ret.
469,324
4,598,863
5,631,398
263,949
.254,771
3,171,512
979,000
:
oper.
/
$276,786
$262,516"
(net)
Miscell.
$3,651,664
$3,710,587
—17,851
-
10,326
7,354
$320,449
$1,334,627
of
reserv.
$l,679,7i5
280,950
283,853
1,133,508
l,15l',954
——
50,000
Br$446,625
Br$13,404
inc..
9,246
.
28,808
..
200,000-
250,000.
3,534,000
3,534,000
294,500
—
deductions
Income
:
revenues
Gross income
109,000:
f)r$165,675
Non-pperating income..
1,297,000
294,500
——'
tax'(est,)—
inc.
Operating income
3,073,736'
in¬
res.'approp.
Other income
.
Fed.
1945—12 Mos.—1944
538,427
——^
/_————-
;■
'
$2,460,467 $30,250,442 $29,530,057
1,165,086
13,938,480
13,639,259
taxes
come
Prop.
1,143,081
taxes
taxes
Charges
.
July—
$2,502,473
—„
Operating
the- Association reports electric output
increase of 7,194 kwh., or 0.06% above,
Electric and Gas Output Increased in
1945—Month—1944
Period End. June 30—
Operating
-
production of 12,749,029 kwh. for the corresponding week a year, ago.
Gas output tor the Aug. 3 week is reported at 101,821;000 cu, ft.,
an
increase of 5,193,000 cu. ft., or 5,38% above production of 96,628,000 cu. ft. in the corresponding week a year ago.
.
deductions
2,068
$1,122,294
Taxes other than Fed.
$488,781
$547,582
Weekly Electric Output—
income—
Qperating revenues:
New Orleans Public Service Inc.-—Earnings—
:
$4,404,493
' 5,851
New York Steam Corp.—Earnings— ;
loans,
interest,
$344,i57; Government ^securities,
listed'domestic /and foreign, exchanges, ' $33,-
accrued
payable, $6,291; taxes payable and accrued,
$16,896; provision for Federal income tax; $69,000; capital stock (par
410), $10,632,920; capital surplus, $4,321,757; earned surplus, $30,128,437;. unrealized net appreciation tar investments, $6,972,162; total,
1,988,130
15,077
2 ,681,000
$3,863,941
6,087
$1,177,266
$1,120,226
$789,996
$847,353
$2,570,642
$3,113,471
electricity— ■
■.
• ■.
—J. 242,980,625 238,880,479 1,008,988,408" 967,042,792
—V. 161, p. 1885.
/
'
30, 1945
hand,
income—
"i—.
2 ,558,000
4 ,198.473
2,600,000
4,260,782
Kilowatt-hours
'
: :
624,000.
1,733,961
■
2,974,000
Sales of
The com¬
Liabilities—Aocounts
-
$2,491,988
1,936,707
16,381
Net
$7,849,686 $32,825,076 $30 484,096
3,995,462
17,499,269
15 488,922
318,997
1,627,084
1 ,153,208
tax—
income
Gross
956,513; miscellaneous Stocks/of. and loans to, corporations, and other
undertakings, $10,370,668; other assets; $10;491; total, $52,147,464.
V
$2,655,173
: ". '151,923
Prov. for taxes other than Fed. Income taxes—
Total
.1944
1945
Total .Income.——-—————————————
and
$6,568,785;. stocks
Company Only)
12 Months Ended June 30—
r
•
Operating
Income
$879,169
1945, is $48.95.
31, 1944, is $47.
in" banks
Assets—Cash
receivable
>
at June 30,
as
Balance Sheet, June
"
New England Gas & Electric Association—Earnings
zz-———
income
Non-operqting
.'V'^
■
The net worth per share
Net
1,564
capital stock, franchise and all
foreign income,
on
•$760,517
$644,743
$679,663
4,351,479.
377,300
624,000
1,599;561:
-Z———
94,000
(est.).
other taxes. vVV"
—
Federal
-
♦Including taxes
128,916
430,109
•
Taxes
$1,037,750
Net income
$1,614,456
129,650
358,765
Federal h'.come taxes—
Depreciation
Dr22,047
$8,072,566
Maintenance
•
;
Net' income
80,000
3,358
^
—
1945—12 Mos.- —1944
1945—3 Mos.—-1944
Period End. June 30—
1,259
69,486
T .Total
Fed.
61,500
9,020
...
Queens Electric Light & Power Co.-
Operating revenues
Operating expenses
9,563
-
.
63,316
61,950
10,000
^Expenses
income
78,618
62,258
!
gain'
foreign exchangeNet profit on
sale of
capital assets.
'
619,447
690,369
-
and
$1,144,160
6,616
$936,457
&
Earnings—c
58,545
—...
services^.....:
on
474,677
$1,460,066
General taxes
z
for
Royalties
"————$6,551,719
operating, revenues
Prov.
Fees
1944
1942
1943
$827,589
$837,460
York
New
1944
1945
Domes, and foreign divs.
received
572.'P:y:y yyv: V v
Balance, surplus
$1,119
—V. 161, p. 2336.
'
the
month .ended July 31;
the Association reports electric
output of 52,526,923 kwh;
This is an increase of 2,741,957 kwh., or
5.51%
above production of 49,784,966
kwh. for the corresponding
month a year ago.
'
- ■
•
Gas output in July, 1945, is reported as' 432,802,000 cubic feet, an.
increase
of
13,956,000 cubic
feet,' or 3.33% abo^e production of
418,846,000 cubic feet in the corresponding month a year ago.—
V. 162, P. 572, ■ ;.
;.y,; J; ■ ,y:
:.;'y ; •
For
1945,
Gross
income
$262,516
117,908
Interest
$3,710,587
New York Stocks, Inc.—Distributions—
$3,669,515
1,690,882
$276,736
167,041
2,126,886
directors
The
•
stock of this
declared
have
jo
.
following dividends
the
on
the spdeial
corporation, payable: Aug. 25. to holders of' record Aug. 3
„
Net-income
$144,608
$109,750
Dividends applicable to pfd. stocks for period-.
The
•
p. 572.
under the corresponding week last
' j " V
/('V' V1
.
——/—
-V, 162. p. 250.. /•
Association—Output Off 0,41%—
Association
decrease of 1.06%
year.—V; 162,
' y
.
.
New
stockholders
about
class
"A"
and class
1
1945
$9,396,884
earnings.—
Operating -costs-/—
:
gross
Purchased
power—/
940,523
Depreciation
Taxes, other than Federal taxes
,_/,
——_
Federal taxes
on
on
Income-
income/-J—
227,812
in
September on approving
"B" stock).
Account for Calendar Years
■'-'"7VN 1944
operations^
—
$601,679;
expenses
459,794
Operating
439,181.
820,440
from
Total
before
interest
capital
charges—;
and other; charges
—
Balance
•
before
dividends;
dividends
declared
$1,305,740
177,243.
.
—/—1——
z
$1,118,527179,768
Balance: for common; dividends Afld
■4-V/.
161, p.-2450.
$1,128,497
$938,759-
240,420
240,420
— —
•
-surplps//
'■
'•
Machinery
16
6
7
7
5
5
4
10
11
11
$888,077
.;
$698,339:
Gil
-
income
.
.Depreciation-
,1.-^—.^—.
Loss
0131
1,993
■
Provision for
Federal
income
-
:
;
.
;
1
38,26T
—
,
.
*9,537/
r
Earnings„per
*.
share..-—.
u/~
——i—
*After deducting":post-war refund of $1,059.
-'V
:
-
$57,955
47.943
::
■
$0.60
:
:
5
$65,39$)
v.
47,943.'
$0.68
■
18
■■
..
8
.
3
6
—6
"
7
10
Inv. Fund—19
Specul. Shs.i./—^—
5
8
—
138.
H'S?
,
.
7
17
5
...
12
13
aj
23
j
.14
♦10
■
*5
;
y,'
'
Hotel Corp.—Seeks Tenders—
;
as. a^ent of :the above corporation,_ 225.
Y.» will until 3 pi.ra. on Sept. 19, 1945,
sale-to it of 4'/2% - second mortgage--bonds.. - Inter-,
City: Trust Co,,
Niaigara
receive bids
est on*
6
9
.30
7
Power
St-
.
10
19
Niagara. Falls
The
/•;,
10
.
15
♦Initial dividend.—V. 162, p.
Falls
IP
19
10
13
"
Net, profit^ for the year...
Dividends: pa.id..of 50c, per„share—
8
22
equipment
Diversified
"41,291"
7
5
•
1
10
—'
Diversified
.
8
.19
—
Tobacco
2,959
-
11
8
utility
3,217
;
tax——-
:
102,280
''
^
"
7
13
—
Railroad
.
50,142
charged off. and prov.. for losses-;
merchandise—/-./—^——
5
10
...——
Railroad
$224,682
$148,358'
6
7
—
—
;V'27
,
U 12
7
'■
—.y
...
Metals
■'
6,482
_zi————
—
Merchandising
Steel
Total
Provision for Federal excess profits tax.
Preferred
20
:
$224,682
$141,876
operations—
.1;™.^^!.../,.,^..:.^-/.
Bad accts.:
Bala,nce
.
6''';
10
————_
Food
Public
Profit
Other, income'-
z_
Electrical equipment
1943 >.
$685,221
460,539
—
im
13
5
Insurance stock
Income
-
6
Business equipment
-
:
6
supply
Chemical
7
' 10
-
stock
Building
328,920
1,979,995
—
vote
Total income from
4,974,140
459,163
.
192,962
328,920
/—
—
$8,987,215
1,078,194
4,189,580
/„
—
Maintenance - ——/■—/
;
1944
will
50,000 additional shares of common
New England Power Co.6 Months Ended June 30—
Bank
11-25-44
1c ■'
'
11
distillery;
2-26-45
20c
17c
and
Aviation
the issuance
stock without par value.
At present the company has an authorized issue of 100,000 shares of
common stock of which, there are outstanding 95,887 shares
(includ¬
ing a small number of shares to be issued in exchange for old
The
of
'
-'
Alcohol
5-25-45
8-25-45
y
Agricultural'
:v/v/.; 7^■'*
Yor,k Auction Co., Inc.—To Issue More Stock—
'
Total
$998,043
Industrial Series—:
Balance:
.
reports number, of kilowatt-hours available for its
territory for ' the week ended Aug. 4, 1945, was 62,054,155 compared,
with 62,309,477 for the Week ended Aug, 5,- 1944, a decrease of 0.41%.
Comparable figure, for the week ended July 28, 1945, was 61,984,958,
a
$1,650,164
(see first column below—with three previous payments shown as^SOmparison)■■■(
$1,542,629
544,586
Automobile
New England Power
*
$2,019,705
369,541
—
.
Falls, N-
fm- the
aocepted bonds will
be-paid-to Sept. .30,'1945.
^
THE COMMERCIAL & FINANCIAL CHRONICLE
678
New York Telephone
.
;
•Operating taxes
Net
8,066,231 32,737,917
Drl71,01$ Drl.266,186
Drl27,538
(net)_
income
73,814,607
'
34,889,264
Miscellaneous
873,450
3,154,536
754,772
-
—_
.:V?
$
$
.■
.
4,325,254
Coal
,
31,'974,605~133,924,058*.129,207,609
709,678 v 4,123,400
3,948,57.1
1,378,230 T 5,793,745 "• • 5,530,264.
4,285,502
17,297,523: -16,635,052
2,552,VIS ? 11,599,018' -9,832,027
922,606
2,544,606
3,272,520
1 437.177
„.
Transportation
income
-
35,762,714
3,873,442
Liabilities—-Collateral loans payable (quoted market- value of securi¬
pledged, $385,750), $110,000; due for securities bought but nob
received, ; $95,769; sundry accounts payable and accrued expenses (in¬
cluding $2,450 matured debenture interest), $10,608; accrued interest
on .5 %
debentures, $9,075; contingent reserve • for directors': compensa¬
tion, ,$38,412;'. 5% gold debentures, due Nov. -1, 1947, $378,000; 5%
gold,debentures,; due April^ 1, 1948, $474,000; capital stock (par $1);
$141,151; paid-in surplus, $3,386,870; profit and loss deficit, JDr$811,616;
total, $3,832,270.—V. 161, p. 2004.
.
<
ties
7,372,750
_____
$205,923
$623,800
Dr$424,038
Balance
deduction of
After
$5,558,022
due to receipt of special dividend from a subsidiary and reduc¬
tions in tax accruals resulting from sales of certain assets.—y,. 162,
;
251.
p.
3,446,476
9.680,295:
12,986,214
8,774,156.
694,900
760,700
to
:
2,575,100
2,780,200
Net
1945
1944
$3,369,153
$3,289,331
1,142,815
*
revenues—J-
oper.
_—
Total
145,615
Depreciation.
225,047
46,000
4,264,147
6,757,123
1,554,661
„_™v
1,480,385
27,974,542
29,474,039
6,045,828
6,598,603
2,200,036
1,164,030
subsidiaries
Other deduction?
673,240
Net
interest
34,020,370
Int.
2,413,030
8,861,590
$1,142,142
$1,119,273
3,059
3,124
$1,145,202
$1,122,397
768,942
803,551
_._!V_™—$376,260
$318,846
earnings
income
Other
______—
4,710,154
4,728,166
303,561
1,179,607
145,833
125,000
520,833
1,315,823
y
500,000
deductions
Income
—.——
Balance,
Divs.
4,499,117
surplus
stock
pfd.
on
4,288,152
18,748,186
19,674,002
company
Net
income
Bal.
chgd.
June 30, 1945
Consolidated Balance Sheet,
surplus
to
Earns,
Assets—Utility plant, $28,729,200; investments in and loan to sub¬
sidiary companies not consolidated, $1,339,624; miscellaneous invest¬
ments and "special deposits, $53,541; cash, $552,740; U. S. Treasury
tax notes, at cash redemption value, $154,365; U. S. Treasury certif¬
icates, at cost, $100,000; accounts receivable .(less reserve of $29,248),
$174,897; accrued utility revenues, $165,644; materials and supplies,
priced at average cost, $164,136; prepaid taxes, insurance, etc., $25,255; debt discount and expense in process of amortization, $388,922;
other deferred charges, $6,597; commission on sale of preferred stockf
$498,482;
955,312
955,312
3,821,249
Common
divs,
3,543,805
3,332,840
14,926 937
15,852,753
$0.39
$1.74
$1.85
$0.41
•
Statement
•
Other
<j»~
maint, & deprec.
Oper.,
Federal
Fed.
'
taxes
on
.
of
on
prof, taxes™
charge
Other
600,000
7,399,090
617,600
1,216,650
discount and
expense on debs. ; ?
and surplus—
preferred stock of the con
■';/
7,488,096
14,683,7^0
Crll4,915
*389,614
338,730
12,031,011
324,127
Other income
339,675
.28,710,530
692,329
r
-
Gross
income
7,731,215
____________
requires,
$1.30
:
:
•
•
■.r.
-
14,670,343
stocks
of
Provision for retirement
>
Reservation
4,089,334
net
of
{depreciation
3,595,576
7,350,064
738,000
1,476,000
146,049
;!
Balance,
207,584
>'
Div.
pfd.
corporation
requires,
stocks
of
5,374,064
5.221,804
1,212,013
2,424,025
*1,645,563
.
•Changed to give effect to adjustments made during the
•'•j
/
year 1944.;
."•'••
' v
••'•
./•••'•''
/
1943
1944
$24,068,186 $21,184,758 $17,051,892
761,076
3,568,622
3,033,083
924,850
1,014,430
2,735,000
2,475,788
1,821,022
1,750,000
1,340,000
1,971,620
$7,000,930
$6,286,964
profits
- excess
tuxes.
Net operating revenue
on funded debt
896,338
1,092,218
1»075,417
$4,473,282
831,453
Cr66,622
Cr216,730
Cr86,66I
$5,975,334
$5,428,277
$3,728,485
.
deductions
(net)
income
1
*For the 12 months ended June
30,1945, 1944 and 1943, amounts of
$9,243,711, $7,981,472 and $5,100,875, respectively, approximately equaf
to a reduction in rates ordered by the Federal Power Commission, on
Sept. 23, 1942, have not been included in gas revenue but have been
set aside in a special deferred credit account.
The Circuit Court of
Appeals for the Eighth Circuit on June 6, 1944, after a review of the
proceedings, affirmed the rate reduction.
The United States Supreme
Court
on
April 2, 1945, affirmed the rate reduction order of the FPC.
Condensed
(Del.)—Weekly Output—
Assets—Gas
Aug. 4,
1945,
for the
^
\
\
'i
1,125,672
3,537,406
Net
$419,454
-
kwh.
corresponding week last year, an increase of 10.1 %.—V.-162, p.: 572.
*2,797,779'
",
:
1945
revenues—
Other interest
75,500
Electric output of this company for the week ended
totaled 45,372,000 kwh., as compared with 41:193,000
2,424,025
3,450,039
1,212,013
2,139,321.
!;:•■■!
Federal
*Resulting. from deductions, in consolidated returns, for interest and
charges on securities of indirect parents (in process ,o£
reorganization under Chapter X of the Bankruptcy Act), which deduc¬
tions will not be available after consummation of a plan of reorganiza¬
tion of such parents.—V. 361, p. 2790.
'
>
on
Balance
;
213,690
$407,938
fr :;
4,319,993
457,937
$343,954
75,500
surplus
^
6,055,968
.
$332,438
r
$2,-
Federal income taxes.—.
$557,644
deductions
•
v;
6,904,747
569
$540,021
income
v.
$557,075
1,057
Northern States Power Co.
2,857,576
'
State,
amortization
'
3,351,334
$1,781;050; -deferred - charges,
supplies,
Prov.. for deprec., deplet. and amort.
local and misc. Fed. taxes—
134,067
;
and
;
1,392,000
Balance
receivable, $4,875,799; gas storage and deferments,
Maintenance
210,000
130,000
•Reduction in Federal income taxes.
6,613,804
738,000
notes
materials
♦Total gross
163,023
167,212
222,000
-•
f
Operations
727,741
800,748
June 80,. 1945
,
12 Months Ended June 30—
;
146,500
Income
in¬
subsidiary™
of
come
.V
Interest
7,356,796
7,320,279
$3.40
$339,127 in 1945, $324,900 in 1944, $313,955
1942.
<
478,001-
;;
$538,964
13,970,600
3,678,398
$636,473
$3.12
Panhandle Eastern Pipe Line Co.~Earnings—
$2,399,908
535,717
Federal income taxes
9,966,066
3,641,881
subs.__
Net income
$194,757
$3.50
p. 2337.
f:.
*
1944'
r„ :r $2,557,189
Maintenance
pfd.
on
$796,544
$3.18
debt, '$44,496,000; accounts payable, $2,647,057; aceiued - interest oi*
funded debt;, $263,599; .taxes* accrued and
payable, $18,729,152; dlviJ
dends payable, • $584,314;
customers!- deposits. * $662,255; ..reserves for
retirements,. $89,036,342;
reserve
for
insurance
and
miscellaneous,
$5,510,159; earned surplus; $13,410,821; total/ $253,566,406.—V. 161,
"
23,936,665
7,273,974
,
$286,223
surplus
share on
Liabilities—$5 - dividend preferred stock, $20,000,000; common stock,$29,937:924; .preferred capital stock of
subsidiary,; $22,287,350; minority
Interest in common- stock and surplus, of subsidiary, $1,433; funded
-
"13^.
,
'.
•:v1945 !V-
"
751,369
29,402,859
14,732,516
12,355,138
7,308,828
4,825,893
;
3,821.249/
;;$1.34 '
Operating expenses
Electricity purchased for resale.
23,185,297-
5,081,164
14,840,043
______
deductions
Balance
*
;
'•''''•■"' •'. • ••'
Net income
Income
4,825,893
stock
accounts and
7,202'
3,821,249
*789,212
14,500,368
4,825,893
$652,538;
$1 L527.553, $11,174,909
12 Months Ended Junq 30—
Total operating revenues
Gross
Operating. income
119
1,000,009
651,969; total, $253,566,406.
/
Other income
appropriation..
-
$15,348,802 $14,996,158
1)235,250
14,808,730
taxes
serve
121
1,000,000
372,850.,
Other taxes
_
119"
514,716
Earnings per common share_-.„_„:
Emergency diversion re•
,t
546,720
—V. 162, p. 572.
1945—12 Mos.—1944
"
*
1,344,648
properties and franchises, $222,586,373; -investments
securities, $4,410,736; post-war refund of excess profits taxes,
$257,162; cash, $11,266,772; U. S.! short-term" securities, $5,084,000;
130,582
148,819
.__™_
surplus
Balance,
£-526,000!
689,000
-
?
for; dividends
Balance
$7,807,133
4.825,893
and $282,335 in
1943.
ih
.986,76"?
debentures
Amortization
Dividends
tax—;
___
>
Assets—Plant
"
1,007,227
bank. ;ioan notes___
on
Interest
■
2,941,639
2,787,600
337,493
taxes—
income
exc.
Canadian income taxes.
New York State water
1,337,782
1,000,000
* Includes other income of
In
$17,740,568 $17,534,27$.
•
Interest
58,300,330 115,427,602 117,571,933
30,818,665
61,590,486 65,018,078
3,186,200
5,209,074
6,486,884
3,431,600
2,982,909
5,351,200
337,544
695,402
, 697,282
29,973,746
$7,358,553
1,337,258
168,219
Northern Pennsylvania Power C©.--Earnings—
..
58,425,021
—
i
1944,
,
65,883
.
__
■'
revenues
19^
J,
income
Federal- income
Niagara Hudson Power Corp. (& Subs.)—Earnings—
Operating
$7,959,814
121
of
per
common
$17,654^685 $17,366,056
—
—*
Total
Expenses
preferred
stock,
$4,653,200; "common
stock, $2,601,500; first mortgage 5% gold bonds, series A, due Nov. 1,
1951, $13,606,000; accounts payable, $84,927; customers' deposits and
accrued interest thereon, $149,973;- accrued liabilities; $409,800; cus¬
tomers' advances for construction, $32,774; unearned revenue, $171,506;
purchase money obligation ($5,470) and miscellaneous, $8,234; depre¬
ciation reserve, $3,764,065; reserve for possible adjustments Of utility
plant and reserve for depreciation, ,$5,734,058; other reserves, $12,215;
contributions In aid of construction, $549,212; surplus, $516,041; total,
$32,353,403.—V. 161, p, 2790. V,v
/:/
1945—6 Mos.—1944
187,683
Consolidated Balance. Sheet,
cumulative
Period End. June 30—
19,632
20.541
1,000,000
Ltg. Corp.
Remainder
(Company Only)
*
12 Months Ended June 30—
subsid.__
of
J of Pacific
income—Dividends
•'
1,614,407
16,707
minority
on
pfd.
stock
of
Pacific Lighting Corp.
Cash div. on com. stk.
Earnings
Interest
$9,253,488
1,568,082
Div.
3,821,249
share-
com.
Income
$32,353,403.
total,
f" Liabilities—6%
per
$8,922,801,*
22,604
15,530
69,056
constr.Cr
profit
$7,449,493
of pfd. stocks of
subsidiary _—_—1,337,255
&
___
1,427,718
Net
of
divs.
com.
debt
_•_
Divs.
______/
__
for
$8,823,685
funded
interest
interest
income
Total
25,628,125
11,572,422
6,531,139
9,854,651
1,182,041
Minority int. in net inc.
of
7,777,478
income
on
36,072,642
286,589
charges
Pfd. divs. of subsidiaries
for retirement
27,241,450
12,011,365
6,870.469
$9,116,175
1,483,285
15,579
19,536,304-
Other
int.
8,311,784
1942 '
J 943
29,179,862
16,201,196
7,330,871
29,505,651
17,500,538
Net
6,815,220
1944
1945
$65,643,118 $61,828,105-$55,046,085 $52,985,173
expenses
Provision
1,551,389
3,255,780
17,483,028
4,264/996
8.295,605
221,704
705,234
income
Gross
150,285
Maintenance
revs.—
non-oper.
revenue
Taxes
re¬
1,124,828
year Ended June 30—
Net
12 Mos. End. June 30—
Operating
esti¬
__
Pacific Lighting Corp. (Si Subs.)—^Earnings—
I
•Gross
Service Corp. (& Sub.)—Earnings-
Operating revenues
Operation
12,759,194.
.
Approp. for deprec. res.
New York Water
14,822.583
3,127,730
3,616,000
taxes.
mated income tax
ductions
11,615,050
14,898,678
post-war
Charges equiv.
"
12,634,131
3,772,255
income
State
Approp.
for
adjustments
000,
2,997,544
3,155:058
&
Fed. excess prof,
excess
■'}
3,895,796
taxes
profits tax credit of 10%.
tNet income
In the 12 months ended June 30, 1944 was increased by about $4,300,*
18,254,315
3,185,196
inc.
taxes
Fed.
_
•
;
other- than
Taxes,
•
41,803,339 175,282,350 168,426,043
16,742,315
73,816,502'," 69,126;974
43,992,432
Operating expenses
27,590,423 t31,889,272
27,384,500 26,331,250
6,943,300
6,319,500
6,948,712
Dividends1_
'
31,471,731
3,881,308
951,915
___.V*.—
Maintenance
Income—
Total' net
i
7,895,215
7,790.351
841,639
-
deductions
Total
Interest
Total
r
_
V
'
"
J
Balance'Sheet, June 86,- 1945
."
Assets—Cash <incl/. $2,450 on deposit for matured debenture In¬
terest), $53,082; accrued interest and dividends receivable,- $6,391;
securities owned (cost $2,878,306)' at quoted market value (securities
valued at. $385,750 have been pledged as collateral loans payable);
$3,771,538;; prepaid expenses, $1,259; total, $3,832,270.
j
12 Mos.—1944
1945-
$
$
—33,564,078
.
756,615
-
Gas
67 080,095!
;
7,917,889
operating income
Other
Ciii
Electric
Heating
18,786,815
1945—3 MOS.—1944
Operating revenues:
66,915,486 282,842,268 263 ,442,788
40,062,440 176,289,744 161 473,429
73,255,871
46,022,324
19,315,658
_
Operating expenses
Period End. June 30—
1945—12 Mos.—1944
$
$
1.
Operating revenues
North American Coi {Si Subs.) —Earnings
Co.—Earnings-
1945—3 Mos.—1944
Period End. June 30—
Monday, August 13,194$
Northiyest Airlines, Tnc^-Allocated 15 Planes—A '•:
^
Sheet,
June
}
1945
30,
Sales and purchase contracts of
$2,783,772,>, $763,012; other invest-'
ments,: $340,986; cash, $3,115,085; special deposit?, $964,069; temporar#
cash investments, $12,230,015; accounts and notes receivable (Including
$699,809 ;-which will, when received, be' impounded pursuant•; to court
v
S'-
-•'.-V
Balance
plant,
$106,810,567; intangibles, representing gas sales
purchase contracts, etc. (after reservq for amortization of gas1
and
.
/
order and after -reserve for doubtful accounts, of
$143,173), $2,427,544f
-materialvandrsupplies, .$1,179,063; cash.impounded pursuant to. court
order, - $21,626,279; prepayments and other deferred chares, $661,425;
total, $150,118,045.
.
1
J
V-/'.':
—
Sales of Manufactured
:
Six months ended
June
30.
6,066,772,446
'*
named
■
6,115,814,860
.
12,037,177,886 12,774.259,497
Gas, in Cubic Feet
!____
..!
.
Tfelve months ended June 30
v
"
.
corporation, one .of the nation's four transcohtiriental lines*
by the Army ,to fly redeployed troops; from the east' to the
west coasts on Aug. 1*1 was allocated 15 planes, for:' the Job,—V; 162,"
P. 463.
'•: :/
> .'V,■
!:/
/:!;v!//,; ^'
/:'/! "/'■/
V19451944
^
Six months ended June 30
Twelve months ended June 3Q™____
(
This
Kilowatt-Hours Generated And Purchased
/
/V
4,602,686,300
Period End. June 30— :
4,619,232,800
8,734,895,100
8,688,032.700
Operating
—V." 162.
26,821,209
"
25,174,072
;
■
Operating revenues..
Operating expenses...'.
Operating taxes..—
"$633,914
-124'/
$101,118-
$107,170
" '
"
63,041
61,772
15,882
* '
.
23,403
Net
Niagara Share Corp.—Asset Value—
Corporation
reports
$1:047.88
for
for.each
share
values
asset
class, A
the
of
share
class
of
B
the
4Vfe%
common
Net
June
of
30, 1945, equivalent to
convertible preferred, and $14.49*
stock.
This
compared
with
30, 1944, equivalent to $662.86 per share
stock and $10.82 per share of common.
All
A. preferred was
into
as
June
on
preferred
r.
clasp
verted
each
assets
net
4V2%
either
retired
convertible
773/:! 7.43
$633,141' / $602,403
367,274
345,602
" 154,978 v
! 162,434
■
Period! End. May 31—
revenues
revenue
deducts.*
Fed. normal &
excess
surtax__
prof.
Savings ,from
consol.
tax—
filing
Match
31,
of
the company and
1945—Month—1944
1945
_-
Operating income
$378,926
$4,478,677
$4,327,747
261,558
3,199,285
2,922,984
14,600
18,100
221,771
294,994
38,100
49,700
513,400
533,539
Cr9,000
Cr5,200
079,600
19,225
18,665
231,990
$36,101
$391,829
1945
Total
8,715
Interest
$422,180:
976
8,062"
,
income
$30,588
$37,078
$400,544
$430,242
274
1,913
4,702
50,519
securities-
rectors'
-V. 161.
$30,313
declared
p.
on
capital stock
2663.,
$35,165
$395,842
88,130
1944
•
'
1943
,
1942
$46,093
•
1,923
$50,450
:
prov.
and
»
Net
a
4,421
$48,019
17,604
$54,871
11,339
21,300
21,300
16,251
21,300
$16,853
$9,114
'
$50,568
23,073
2,333
.
$17,320 !
21,300.
!$17,929'
Dr35,000
price
1945,
its
5.60%
a
all
of
to
it
to
the
of
$102
date
cumulative
shares
of
4%'
share plug
delivery, and
preferred stock.—'
per
of
.
1945
sales
Selling,
sold—
warehouse
Profit
Income
from
&
admin,
463,298
176,313
Dr38,412
.
5,986
105,863
'
$150,428
$768,585
V
$7,657
"
.
cess
$1,540,326
33,576
;
$1,415,615
7,365
$1,573,902,
4,700
433,544
_*
profits, taxesiv—
Provision
:
Net
for
contingencies—
1,015,407
1,058,931.
130,000
63,000
Preferred
dividends
•*
-69,000
$267,341
income-.—.
Common
-
$7.319,286f
5,200 897
578,063
9,781(
•Federal and State income and ex¬
$323,843
Earnings per common share.^
'
68,750.
68,750
91.000
,
dividends
$375,189
91.000
$1.09 !
$1.40
-68,75091,000
•
"
$1.68,
*$1,047,800 in 1944 and $1,149,213.1*1, 1943 after deducting poSt-war
of $83,370 and $93,179, respectively;,
,
/ *
.
Consolidated
Assets—Cash
$23,306
$1,395,750
-22,02319,865
;
1943
v
5,284,405
$746,562
Gross income
Income charges
accounts
$441,739
622,173
exps.
operations—
on
hand
__—_
.
$7,302,327
credits
brlO,272
______
1944
$5,973,798
4,549,303
677,933
;
Cost of goods
refunds
■
profit for period*
Dividends
m
•
retired
sold-140,000
company
I,
6 Months Ended June 30—
for di¬
compensation.
■-
the
at
July
162, p. 607.
Net
$45,112
5,456.
_
$379,723
176,260
■-
Net profit from sales of
Contingent
Balance
debentures* V
Net profit from oper.
Prov. for Fed. inc. tax
-
Income* deductions
■■
$58,893
$61,226
_
on
1945,
stock
.
(The) Parkersburg Rig & Reel Co. (& Sub.)— Earn,—/
Inc.—Quarterly Report—
Statement, Six Months Ended June SO
Cr67,700:
$29,875
16,
redeemed
V.
,
Income
■/
Inc. from oper.—Divs..,.
Interest
221,748
July
preferred
accrued: from
3.0, 1944.
'
713
___
Other income (net)_
Dividends
cumulative
quotations, before deducting the outstanding debentures, amounted
to
$3,568,405, equivalent to $4,188.27 per $1,000 of debentures, as
.compared with $3,520.32 on Dec, 31, 1944, and $3,467.15 on June 30,
1944.
After deducting the outstanding debentures at par,
the net;
assets per share of outstanding capital stock ;were eauivalent-to $19.24
as compared with $15.21 on Dec. 31, 1944,
and with $14.89 on June
•12 Mos.—1944
$377,116
284,315
liabilities,
its affiliates.—V. 161, p. 2113.
Overseas Securities Co.,
(& Subs.)—Earnings—
deferred
dividends
The net assets of the company as of June 30, 1945, based on market
.
par)/ $20,250,000;
.
E. J. Garrison, formerly Vice-President and Factery Sales Manager,
has been appointed Vice-President in charge of all sales activities of.
1945, or con¬
Expenses
.
$94,367
61,400
,
on
preferred.
of
tax returns—_
Depreciation
Gross
76,225
to
North Texas Co.
Oper.-
$110^89
10,511
Note—On
$353,978, equal to approximately 23 cents per share on
outstanding com.mon stock, the same as for the corresponding
period of last year.—V. 161, p. 2790.
Fed.
!
162, p. 251.
$15,943
$28,247
22,778
no
.
Okonite Co.—Official Promoted—
of
the
Operating
income.—.
shares
$1,236,305; reserve for depre¬
ciation, depletion and amortization, $21,695,919; other reserves. "$1,262,4.
641; surplus (restricted as to payment, of common stock dividends in
the amount of $6,240,020), $14,923,944; total, $150,118,045.
net
Investments of the corporation as of June
30, 1945, had an indi¬
cated vadue of $23,275,318, compared with $21,184,675 on June
30, 1944.
Net income for the six months ended June
30, last, after all charges?
amounted
oper.
income.—......
—V.
(1,620.000
•
-
$603,146.
'
order,. $22,326^089;
'
stock
stock! ($100 par), $13,321,500;, mortgage; bonds/ series : A,:
serially Nov, 1, 1946 to Nov. 1, 195.0, inclusive, ®6,250,000; mortgage bonds, series B,. due Nov. • 1, 1960, $12,000,000;' mortgage bonds?
series, C, due Jan. 1, 1962,. $8,750,0P0; .mortgage bonds, series
D, due.
May l, l£65, $10,000,000; 10-year.2% % debentures; due June 15: 1953,:
$10,000,000;' accounts payable,• $1,718,695; dividends declared, preferred
stock,
$186,501;
matured. long-terra
debt,: $87,638;
accrued taxes?'
! $5,828,243 ;r: accrued;/interest,; $275,118; ' ;.other current and accrued
liabilities, $5,453; gas service, revenue impounded pursuant to court
due
'•
*
14,449,803
p. 572.
rev..
■■•'
-■
.15,959,097
—™_.
_
Twelve months ended June 30—_
$101;242*
•129
! Liabilities—Common.
preferred:
.'""V"'
r
1945—Month—7944 : " "1945^-6 Mos.-i-1944
$107,299
revenues.-.
Uncollectible oper.
Sales of Mixed Gas, in Therms
Six months ended June 30
Ohio Associated Telephone Co.—Earnings—
fund
.
for.
receivable
(net),
retirement
post-war/refund of
of
excess
Balance
.
Sheet, June 80, 1945
~
*1
*
and
demand-deposits, $859,618; notes and
$1,347,943; inventories, $3,605,694;, sinking
preferred
stock—cash on deposit/ $31,730-*
profits tax .(est,),-; $41,619; property; planti
»■■
and
(after
equipment
:*
payable—bank—due July
'pounts payable, $233,862; accrued accounts,
*
$1,032,815; note payable
bank—due July 31, 1946, $187,500;"reserve for contingencies, $455,•;
bl2; $5.50 preferred stock (25,000 shares no par), $1,952,000; commori
stock ($1 par), $182,000; capital surplus, $1,008,000; earned surplus;
$2,394,38o; total, $7,633,074.—V. 161, p, 2337.
^
'<
"
'
Pennsylvania-Central Airlines Corp.—Earnings—
'V
:v! Period End. Jline 30—
1945—3 Mos.—1944
: 1945—6 Mos.—1944'-
$581,588
,
!■'. 'Allowances
■
l. Federal normal tax and
"
;
(
V
•
281,000!
67,700
:
in
$66,463
•
"
'
revenues
'For
J
costs
departments. -
,
has been made for Federal" excess profits tax.
possibility that, the corporation will- be subject' to
.Federal excess profits tax for the year ending Dec. 31,' 1945:* In this
event,
the corporation estimates that its normal and surtax
and
'excess profits taxes applicable to- the net income for the six months
ended
June
30, 1945, would amount to approximately $470,000 and
the net income for that period would be reduced to approximately
$222 000.' *
' •
•
'
'
'
•
' ' '
'
' '
'
Balance Sheet, June 30, 15)45
J"
provision
Note—No
/
'
Mineral
rights'1—
.Deferred
charges
Net oper.; revenues—
Other
7,452,152
1,664,060
1 ,846,522
Reserve
for
taxes.!
311,667
3,420,000
' 3 ,585,000
Payable
for
864,337.
;
,
Interest
$26,266
f'-"
since
Dec.
465,646
471,524
$403,996
$5,344,136 ' $5,616,529
$875,520 $11,124,808
59,094
4,444,690
Z)r53,315
327.454
2,430.952
Dr53.315
$7,245,382
of
59.094
4,444,690
$7,244,105
...
1
investments
31, 1930..
income !—
Capital stock in treasury, at cost (7,000 shs.)_
1
Total
8.965
6,764
266,063
2,392,601
($5 par).
loss on
realization
and
Profit
.
!_
4,975
st.vx
$11,245,529
5,780,672
5,629,000
;
:
—
!
1
contingencies...——
Reserve
>
$870,672 $11,026,783 $11,181,246
4,848
98,025
64,283
$835,255
,
______
$24,510
securities purchased.
$349,609
income
Gross
$7,244,105
payable and accrued expenses
Undistributed
*
1,954
$7,245,382
Liabilities—
Accounts
8,152
44,992
1,508
138,993
$807,103
,
(net)___
income
42,980
...
....
;
Capital
i
300.000
——^
Total
26 ,624,840
7, ,353,613
8,571
6,507,401
300,000
securities
27,118,702
adjust.:i;:_ji44,056
acquisition^
;
However, there, is ,a
13,590
6,549,407
receivable..—
interest
and
portfolio
Government obligation...
S.
528,651
.
for reimbursable
"
■'
Dividends
•
■
2,251,105
—
adjustments of credits to operating expenses
under service contracts with U..S. Government
•
on
General
1945—12 Mos.' —1944
:■
Comparative Balance
:
$4,101,088 $51,546,034 $50, .591,221
$4,233,939
Operating expenses
2,272,940
Federal.taxes
609,052
Other taxes
——i
142,455
Prop, ret., res. apprap.
258,333
Amort, iof utility plant ,; 1.;
Operating
$0.14
$0.87
$0.25
$0.72
Earns, per capital shr._
$411,549
$118,979
$340,421 '
...
Cash
'
Sheet
June 30, *45 Dec. 31, '44k
$381,188
deposit......$337,896
:
Assets—
.
1945—Month—1944
$142,741
appreciation in quoted market value of securities
30, 1945, $2,458,865; Dec, 31, 1944, $1,862,043;
June
Increase, $596,822;
Pennsylvania Power & Light Co.—EarningsEnd. June 30—
8,50O
$138,037
-----—-4
follows:
as
.
U.
Period
income
in 1942.—V. 161, p. 2451.
1943, and $558,301
transactions),
i
Note—Unrealized
and excess profits taxes for the six months
aggregated $495,241 in 1945, $594,5891 in'1944, $622,797
June 30
ended
9,000
•
to security
giving effect
(without
income
was
j '■
-j ■
' 67,700
.
■!;
income
Note—Federal
1,142
■:.
-
25,835
Provision'for estimated Federal income taxes—
■
7:
4,950
$175,014
23,773
$ 172,871'
income
Deductions
.
60,000
~5~272
189
Net
provision for income taxes and excess profits taxes,-
$195,305
mineral rights, after deducting '
taxes—5,130
depletion and
Total
•
73,731
:
30,000
•:
1
,
;
$697,821
$216,868
■'
;
236,000
'
surtax
Net
*"5467
;
deductions—
Miscell.
$121,574
70,476
Pennsylvania Glass Sand Corp. (& Subs.)—Earnings—
•; 6 Mos. End. June 30—
: 1945 V ;
1944
3943
1942
"Net.profit
$263,346
$278,746
$312,669
$295,927
Earns, per com. 'share.:
'• •' $0.58
$0.62
$0.73
$0.67
"After allowance for depreciation, depletion, bond charges, etc., and
—■
shares,
(1,21,200
stock
preferred
'
;
1944
$170,064
1945
$165,895
' 1,847
.
w—
—
Net income from
for self-insurance
reserve
$7
dividends
Interest'
t
$248,213;
'
Ended June 30—
6 Months
Cash
(workmen's com¬
no par),
stated at $25 per share, $3,030,000; common stock (400,000 shares, nd
par/ stated at $1 per share),'$400,000; capital surplus, $951,936; earned
surplus, $2,486,891; total, $10,897,005,—V. 161, p. 2004.
$3,250,000;
series,
pensation),
Corporation of America—Earnings—
Petroleum
less reserve, $105,000;
total, $10,897,005, . ,
Liabilities—Accounts payable
(trade), $217,745accrued liabilities,
wages,
taxes, interest, etc., $262,129; provision for Federal income
and excess
profits taxes, $50,091; first mortgage bonds, due 1953,
_
"
30,692
!
65,139
'
.
$627,345
$186,176
$516,449
:■
1
$2,275,180
$2,772,757' $1,348,495: $4,764,425
revenue.!—;
(Operating
679
deferred charges
$187,500; ac-
31, 1945,
Liabilities—Notes
-
—»
FINANCIAL CHRONICLE
foreign subsidiary whose only asset is land,
to future operations, $247,107;
in
$1,-
for depreciation of $2,004,663),
$26,354; total; $7,633,074.
reserves
1660,116; deferred charges,
e'
THE COMMERCIAL &
Number 4411
'
Volurne 162
•.
________
..
demand deposits in banks and working funds, $2,.r
741,621; U. S. Government securities, at cost, $230,000; receivables,
billed or accrued, $1,101,374; inventories, $330,066; deposited in con¬
nection with acquisition of aircraft, $75,000; property and equipment
.(after allowances
for depreciation of $1,935,058), $1,811,197; work
*
Net income
Assets—Cash,
v
orders in progress, $80,831; prepaid expenses, $ 148,414; other assets,
*$11,751; total, $6,530,254.
,
>
Liabilities—Accounts payable, $530,682;" transportation taxes, em¬
ployees' withholding taxes, etc., $260,626; accrued liabilities, $359,459;
-provision for Federal income taxes, $462,317; deposits on air-travel
card
accounts, $202,785;
unearned transportation revenue, $25,995;
common stock
(par $1), $474,560; capital surplus, $2,779,365; earned
surplus, $1,434,465; total, $6,530,254,
v
The corporation has entered into an agreement with " Douglas Aircraft
Co., Inc., for the purchase of 15 Douglas DC-4 airplanes which, it is
estimated,
will cost approximately $400,000 for each airplane.
In
-connection with this agreement the corporation has deposited with an
'I; escrow agent $75,000 representing the first installment under the
iv-agreement.
The corporation may eancel, its purchase agreement if
production is not begun by July 1, 1946.
.
' -,'K " v
i
•
"
'
-
"
1945
1944
$15,107,795 $12,400,857
8,106.852
6,326,227
'"Provision
for
depreciation!.!—____________
536,935
461,700
Selling, general and administrative expenses..
833,164
689,962
•'
,
j
.
.
From January 1—
oper.
ry.
—V.
tOther
railway.
from
Net
162,
p.
60,285,685
52,672,184
52,061,708
income—
607.'::
v
,f
dends.
Erie,
of
shares
outstanding
Payment
Pa.
Sept.
on
$2.50
preferred stock have
at $55 per share and
Earnings per share
been
upon
operating revenue amounted to $1,170,000! This
$991,324 in June and represents nearly double the
operating revenue of July, 1944, totaling $613,870, according; to Mr,
.lochiel.
' An all-time monthly high in the number of passengers carried also
1945,
6,
was
announced by PCA Vice-President
reported that 84,000 passengers
month, and more than 19,830,000 passenger miles
represents an increase of 11,000 passengers over
possible
accrued
plus
interest
to
mechanical
is
it
reasons
companies
arrange
—V.
to Sept.
last
carried
This
flown.
V" and
1944.
91%- increase over passengers
miles for July amounted to
a
in July,
.carried
.
-■
j
*'■
'
•
i
*
r
June
\
v'
*
»■;■■■
>,■■■■■■;
(Including wholly owned
«
^Maintenance
earnings
Oper.
exps.
for
$1,593,132
•
►
and taxes.!
profit
allied
Gross
i
>Divs,
_—...
1,693,939
1,779,042
.6,836,002
$241,794
$179,563
$259,779
1,313
$257,131
/ 17,994
10,281
41,800
$045,000
92,443
75,000
$146,694
$174,497
'Net
($40,7451
income
from
contingencies, etc.—_
pepl. chgd. prior year.
027430
7'.-
.
$147,367
$146,694
($40,745
—
deprec
,
30,985
35,056
-
•
Other
-
been
made for a
Pennsylvania-Dixie Cement Corp (& Subs.)—Earnings
1945
r '; 1944
1943
1942 V :
56,287,408 $10,812,938 $10,503,454
$4,111,185
12 Mos. End. June 30—
.
———-•
<& ord.
4,572,872
481,810
5,587,407
497,225
•Total
(Gas
Operating profit
"$943,497
$202,776
$2,374,428
$2,429,474
16,872
94,552
45,562
:
•
Other income
v"
>$926,625
103,625
income
Total
funded debt
Interest on
•
service.
7,569,310
511,035 P ., 504,670
:
Profit
Excess
Prov,
$297,328
$2,419,990
190,718
483,940
1,212,712
$2,000
—_
J
contingencies
for
Net profit
$2,229,272
'$1,034,250
—
1,297,500
53,400 '
ys,;■
,;
tin addition to the above amounts charged to
amounts
following
202,219
1,399,325
2,055,506
8,309,720
_.'1_
336,205
272,000
1,262,465
1,101,999
8,542,127
1,149,635
(prov.
(prov. for)
for);
762,150
753,447
3,029,635
3,020,352
978,155
1,007,433
3,847,815
;
State, local and misc.
Federal taxes.——
424,633
384,570
1,636,019
tax—__
1,858,610
1,712,307
7,663,503
3,821,026
1,596,639
6,094,973
$1,244,564
$1,414,833
$5,393,299
$5,425,094
259,732
271,827
1,053,878
1,041,497
$1,504,297
,
$1,686,660
980,031
2,930,400
3,273,013
" $706,628 :
$706,628
$3,516,778
$1.08
$1.08$5.36
$3,193,578
.
Federal
•
«
income tax..
Operating incomeincome.!:——
''
Exess
profits
Other
Gross jncome__—___"
'Total income deducts..'!
were
charged
to
special
reserves:
699,750
<
,
1945
400,000
$383 744;
(Provision
$408,343;
for
^
$925,054
income—$925,054
$1.41
share earnings..!.
$1.41
"Per
*On
656,000 shares of
The
Act
Suit Filed—
$4.87
3.
in
i-V
2452.
:
Aug. 1 filed a civil suit under the
Federal Court in New York City against
Government "on
'Anti-Trust
•
capital stock outstanding.—V. 161,
Permutit Co.—Monopoly
r
(
•
Sherman
this com¬
manufacturer of water conditioners used by the armed forces,
''and W Spencer Robertson, Chairman of the board, charging conspiracy
••" with
foreign companies to . suppress competition by dividing the world
into trade
territories and granting exclusive patent rights to one
pany,
t
'
Consolidated Balance Sheet/June 80, 1.945
••V Assets—Cash, $2,131,584; U. S. Treasury certificates of indebtedness,
$275,000; notes and accounts receivable (less reserves), $397,782; inven¬
tories, $1K098,717; U. S.-Government-securities, on deposit with State
Workmen's Compensation Commissions, $35,000; cash on deposit with
trustee, $73,811; sundry investments and deferred receivables (includ¬
ing claim for tax refund of $780,000), $784,082; fixed assets (land,
bldgs.,, mach,, equip., etc., $32,539,511, less reserves for depletion and
depreciation as at June 30, 1926, together with provisions out of earn¬
"
ings
since
of
since
that
Jan.
special
1.
$18,470,050;
$3,949,599),
at
June
30,
19,45,
transferred
from
special
of
June
30,
1926)
p.
464.
Dinwiddie
W.
in
investment
(
.
_
Net
that
:
the
German
p.
'
2560.
process
the
and
Subs.)—Earnings—
.
deprec.,"
bef.
11,955,714
11,354,802
$20,237,405 $15,068,433 $13,615,315
$9,956,420
20.633,291
14,442,109
Fed.
6,063,895
6,270,000
3,225,000
profit
;
...
$14,578,405
profit per com. sh.
$2.96
$9,004,538
$1.83
$7,345,315
$1.62
$6,731,420
• $1.51
taxes.
-.
a
process
the companies in this country and in
making sea water drinkable, and
for
had been restricted through agreements with
French'concerns-despite the war in Europe.—V.
■
not
the
161,
taxes collected
(Includes approximately
inter-company business or gasoline
include
paid to Federal and State
governments.
Phillips, Chairman, states:
.
all of the company's holdings of Panhandle Eastern1 Pipe
tank cars of old type, IvhiclUwere
repairs and improvements.
These tank cars1 were
sold for a cash consideration of $1,841,000, or $900 each.
;
*
"Capital expenditures for the first half of 1945 were $33,576,000,
and'83% of this total'was spent for the further enlargement of the
company's crude oil and natural gas reserves by acquiring1 additional
roil and gas leases and drilling 328 wells.
During the same period
last year capital expenditures totaled $28,381,000, 60%
of which was
spent for leases and the drilling of 170 wells.
As of June 30, 1945,
-the company had.on hand $24,319,000 In cash.and Government securi¬
ties.
Current assets exceeded current liabilities by $35,443,000.
"The company's net crude oil production Is approximately 100,000
barrels per day.
In the West Edmond Pool, near Oklahoma City, Okla.,
company has completed a total of 130 wells and is now drilling 20
additional wells.
In the South Tyler Pool of Smith County,'Tex.-, the
the sale of
y
in need
stock and 2,046 motor fuel
of extensive
company
is in the process of completing
its second producing
well and
wells, one of which is an outpost' test
The original discovery well has. performed
in an outstanding manner since , its completion.
On the' company s
extensive
acreage holdings
in the new TXL Pool, of Ector .County,
is
drilling two additional
'exploring deeper horizons.
productive wells have been completed, seven
will be started soon.
" •
preliminary work are under way in Venezuela,
where the company's wholly-owned subsidiary, Phillips Venezuelan Oil
Co
holds
oil concessions or exploratory
rights on 776,000 acres.
Recent favorable developments in nearby producing areas gdd special
promise to our -26,000-acre .Travieso holdings in Eastern Venezuela.
Equipment and supplies are now en route to this concession for drill¬
ing three wells which are scheduled for completion before the end of
this year."—'V. 161. p. 2664. 1
~
- >
1
West
'
are
Texas,
two
very
drilling, and several others
"Exploration and other
<
Government charged that
developed
Vice-
"Net profit for the first six months of 1945, after provision for all
taxes, was $14,578,000, or $2.96 per share, compared with $9,005,000,
or $1.83
per share, for the same period a year ago.
Net profit-from
operations for the-first hall of this year was $10,828,000, or $2.20 per
.share.
Non-recurring net profit from two transactions accounted for
the remaining $3,750,000, cr 76 cents per share, and was derived'from,
London;
"Barcelona.
The
,
elected
5,659,000
Frank
f
1
England
been
$5,400,000 aggregate profit from sale of company's entire holdings in
common stock of Panhandle Eastern Pipe Line Co. and 2,046 tankjears.
•
as-co-conspirators but not defendants were the Permutit Co.„
Permutit Artiengesellschaft, Berlin; Societe Anonyme
Estiblissements ' Phillips At Pain, Paris; Societe Anonyme Establisse_«.ments Phillips & Pain," Brussels, and Purificadores de Aqua, S. A., of
Named
Ltd.
have
......
Net
.■
'
reserve
remaining
$4,370,940; balance, $5,748,922;
! v.1.
'another.
balance, $10,119,862;- deduct balance
of capital surplus Tor. elimination of
created out
(included in appraisal
reserve
appreciation
accounts
date,
1937,
162,
E.
income...
on
Line Co.
579,242
':
Net
$1,112,575
operations," the
1943, i $439,285, -and 1942, $445,842.
Federal income tax and surtax (subsidiary company).
1944,
$2,252,325
.
$931,772
$120,029
taxes
2,003,687
257,868
285,643
213,574
$173,429
income
"Does
2,220,379
'Depreciation
$2,465,899
123,899
depi.,
for
Net
and
Amprica—
companies
produced—
-Taxes
■
30—
1945 v
1944
"
1943
"1942 '
—...t$113,041,967 $94,305,126 $74,156,540 $69,403,336
Cost
of products
soldi s..
i
oper.
and gen. exps.,
■!('
V
gen. taxes & interest
71,271,271 64,294,585 48,585,511 48,092,115
Prov.
for war conting.
900,000
580,000
^
2,532,600
2,508,821,
of
)
tax
profits
\ ,,'Loss.
»
"$1,032,250
-
income tax.
'Federal
•
926,121,184
$10,818,859 $43,875,586 $42,840,895
revenues.. $10,877,032
Maintenance
•
'
income
"Gross
Res:
226,345,350 236,484,003 918,352,659
oper.
Other
'
•"
,
it was
in
Operation
:
\
Jr.~ and
develop, costs & retire.
sales '
gas
i Co.
shares, presently attached'to
6 Mos. End. June
•
Natural
■
(
common
Phillips Petroleum Co. (&
' • 1945—12 Mos.—1944
36,425
exps.
Ames
T.
Presidents.—V.
purchased from—
Gas Pipeline
'
7,927,475
tax.
tDeprec. & depletion—
Cost,
—C.
86,074,587 342,051,990 323,118,927
51,730,772 159,954,356 180,231,236
98,678,644 416,346,313 422,771,021
85,977,249
38,096,230
serv.
therms
Gas
Net sales
the
representing
,
Coke Co. (& Subs.)-—Earnings—
utilities—--'102,271,871
gas
Total
the company's general mort¬
will be issued and returned as promptly as possible,
bonds,
Prov. for Fed. inc.
129,15,7
128,578
Federal income tax credit
".arising from the .loss carry-back; provision was made for Federal
income
tax
but none was
required for Federal excess profits tax
.for the period shown above.—V. 161, p. 2337. '
; :.
-- . ..
•'
\
amount) of all
par
Philip Morris & Co., Ltd., Inc.—Promotions—
,
$629,613
i
has
(Provision
$2.33
'
1945—3 Mos.—1944
30/—
customers'
Interruptible
chgs. for deplet.
(Loss.
$1,058,735
$2.43
'
period End/June
.
& Iron Co.—Calls Bonds
outstanding unpaid principal amount (being 95 %
'announced.—V. 162, p. 607.
453,578
common—i____—
607.
p.
1
and
the
$1,512,313
$1,101,083
■v-iv Gen.
•
"After
209,140
406,266
JEarnings per share of
(
Net income
iteading Coal
original principal
at
Certificates
r
'>Gas sales in therms:
074,770
■■
:i
v
220,257
Peoples Gas Light &
for
res.
$1,303,173
!i
income
162,
or
.
____—
'Transfd.
169,021
$1,287,092
Net
—V.
this company and its subsidiaries for the
amounted to 126,406,000 kwh., an increase
4.8%, over the corresponding week in 1944.—
for
1945,
4,
kwh.,
■
$1,507,349
$554,844
■
,
------—------—
Income1 deductions
$999,644
.
bonds .have been called for redemption on Sept. 7,
and interest.
Payment will be made at the office of
•DIexel & Co., fiscal agent, at 15th and Walnut Sts., Philadelphia, Pa.,
'or at 14 Wall Street, New York, N. Y.
• "
\ ,
158,684
■
.
6'%-income
next,
696,502
taxes_i„_——472,612
(net)—156,499
167,443
Operating ' income
-
j
the
gage
285,931
472,612
profits tax
exoess
403,000
!,
($84,432
286,969
$643,574
$614,486
$349,273
f62, p. 607.
lof
604,739
CY478.601
Cr454,328
714,155
—
—
——
Other taxes
46,011
,
Frovis. for income taxes
(est.)
•
—
(net)--——
power
operating expenses—
Aug.
All of the remaining
171,003
Water
15,510
25,579
54,636
V
.
Harbor
$938,123
2,100
11,270
Gross income
Charges to incomej—.-
Interchange
Other
Other
13,237
5,105
cos.-—
^Sundry income ■!—__!
•1
.
Safe
from
!
1945—12 Mos.—1944
.
Philadelphia &
$3,383,063
182,110
.
ended
5,777,000
V.
-
$3,423,304
—______
Mos.—1944'
j
output
electric
The
wholly-owned sub.)
U944
1945
■
:—
Fedferal income
$7,765,846
6,827,723
$7,015,565
($100,808
_
—
$2,020,836
>'.■
(of
'nower'-CorpiOii'—610,754
'Federal
.
Transmission Co. of Md., a
j
purchased
Power
■'
1945—12 Mos.—1944
1945—3 Mos.—1944
Period End. June 30—
Gross
subsidiaries)
■
Operating revenues
:
^Depreciation
Pennsylvania Coal & Coke Corp.—Earnings—
;♦
-
k-;;;-.::-
Ended June 30— '
6 Months
2452.
>
,
1945—6
Philadelphia Electric Co.—Weekly Output—
Pennsylvania Water & Power Co.—Earnings-
(Including Susquehanna
Ii
\
,
'
>
possible.
as
Subs.)—-
(&
t
$345,250
—V. 161, p.
Co., Inc.
Products
Dairy
income
-Net
always
not
alphabetical
near
week
were
•
.
2038.
p.
Earnings—
were
1,120,000 as compared with
881,141 in June and 517,654 in July, 1944, Mr.'O'Donovan reported.
V*
For the first seven months of 1945 total operating revenue for PCA
amounted to $5,900,000 as compared with $2,889,000 in the first seven
? months of 1944, while passengers carried totaled 424,000 as compared
With 193,477 in the same period last year.—V. 162, p. 464.
revenue
position
The
Mr.
161,
Philadelphia
(
alphabetical
in ^pxact
-However, they are always as
order.
J. J.
it was
O'Donovan
in July,
attained
O'Donovan.
$0.75.
amortization of
tlncluding provision for contingencies of $300,000.
.'emergency facilities,
■
-
$1,123,981
$0.75
1945 and $215,000 in 1944 for
receive immediate payment at any .time
price,
NOTE—For
•
•
660.009
capital shares
1,500,000
on
Period End. June 30—
with
619,319
2,588,409
surtax-
"Including $300,000 in
6, 1945,
presentation and surrender of their certificates.—V. 162, p. 464.
redemption
full
of -the
and
tax
576,000
$1,135,398
income
-
said shares may
of
Holders
_
3,369,600
divi¬
will be made at the First National Bank of Erie,
redemption
for
called
$4,996,709
.
the
of
73,732
$5,750,871
669,873
—
deductions
Normal
47,863,104
Pennsylvania Telephone Corp.—Calls Preferred Stock
All
120,026
income
Gross
railway:— 494,597,157 501,531,403 468,321,215 379,621,861
: 116,294,597 131,353,291 142,146,809 113,839,612
from
Gross
Net
$4,922,969
$5,630,845
income
Other
During July, PCA's
V
of
.
Operating Revenues Over Million Dollar Mark in July
operating revenues topped the million dollar mark for the
first time in the history of this corporation, it was announced on
Aug. 6 by Raymond G. Lochiel, Vice-President and Treasurer.
compares
less returns and allowances
goods sold, excl. depreciation
sales,
Cost
from
Gross
Monthly
"
(Chas.) Pfizer & Co., Inc,—Earnings—
1943
1942
.1945
1944
railway- $84,755,776 $86,948,906 $80,383,573 $71,413,011
26,036,102
25,967,613
21,735,435
25,767,381
Net
from
railway9,411,311
13,674,281
Net ry. oper. income
9,598,073
10,009,792
..
1776.
p.
6 Months Ended June 30—
Gross
Pennsylvania RR —Earnings—
June——
'
'
$1,778,537
—V. 162, p. 252.
:
161,'
'—V.
3,837,992
$1,506,144
I'i
Balance
•
3,837,992.
applicable to preferred stocks for period-
Divsi
,
'
Frank
v':.
162, p. 139.
Co.—10-Cent Dividend—
Pleasant Valley Wine
A
stock,
share has
per
was
15/
Gross
operating
1945
30—
—
Net
tax
operating revenue
income
Other
Total
other charges
interest and
of
Net
income
divs.
for
'Provisions
—•'—
—
on
Balance
-
seven
Total
Electric
tion
output
the operating companies served by this
ended Aug. 4, 1945, totaled 192,638,000
corpora¬
Operating
revenues
134,494
126,113
1,599,580
taxes_J
363,947
275,227
__________
262,816
242,897
4,115,103 :
2,998,970
income
taxes
3,019
1,324
193,387
2,289,758
>v—-'
$4,014,924
——
taxes -resulting
Income
Federal
of
591,880
$4,702,424
687,500
$389,203
——
(excl.
sales)
ter-company
of
.
& adm. exps.
gen.
Profit
'
,
,
Transfer Agent Appointed—
•
transfer
_
$3,401,388
$2,373,988
153,192
85,071
SEC
The
income
271,080
income
State
Federal
Fed.
>•>
—V.
18,000
67,350
55,000
189,800
225,585
the
23
an
advisory
under the proposed plan,
366,000
1,062,000
25,065
report on a plan for the
on
$327,002
$269,711
$701,524
$563,659
$0.35
_L_
share.
-
$0.29
$0.75
name
$0.61
of
number
a
the debtor was
and Sell RCA's All-Electronic Penicillin Drying System—
Arrangements have been
Philadelphia
developed
system
and reduce costs
July
27
by
completed for the F. J. Stokes Machine Co.
and
sell
an
all-electronic
drying
manufacture
to
to speed production
penicillin, it was announced
Vice-President in charge of RCA
v:v
the Radio Corp.
by
Dr.
C.
Jolliffe,
B.
the Stokes company, one of the country's oldest
pharmaceutical
and
high vacuum equipment,; is
prepared to take orders for early delivery, making available to
penicillin producers for the first time apparatus that attracted nation¬
Dr.
said
manufacturers
wide
of
attention
when
the
principles
of radio-frequency
announced by RCA Laboratories last fall.—V. 162, p. 252.
drying
.
with a book value of $1,500,000,
(later first and
issued in lieu of these bonds, par for
par) and $1,500,000 of preferred and common stock,-The debtor purchased the Northern Coal & Coke Co. property for $1 375,000 cash
through the exercise of an option for which it issued $2,500,000 of
the
of first mortgage bonds
$1,500,000
issued
debtor
mortgage bonds were
refunding
preferred and a like amount of common stock.
The debtor, for the
of raising cash to acquire the property of the Northern
& Coke Co. and to provide adequate working capital, issued its first
Coal
purpose
were
dated April 1,
bond purchased
for $850 the purchaser received 10 shares of preferred stock (par $100)
and 10 shares of common stock (par $100).. The bonds provide for
interest rate of 5% per annum and, a maturity date of April 1,
1943.
A total of $3,814,600 principal amount are now outstanding.
The presently outstanding
stock consists of 34,855- shares -ofpre¬
ferred (par $100)
and 37,425 shares of common (par $100). It is
apparent that the debtor received little or no value for any of its
outstanding preferred and common stock.
■
In 1928
Miss Josephine Roche became associated with the debtor
as
a
member of its board
of directors and subsequently held The
offices of
President and General Manager.
Miss Roche adopted a
management policy friendly to labor ,and the unionization of coal
miners
in
Colorado.
The report of the trustee _stbtes that
as a
refunding mortgage bonds under an indenture
1913. These bonds were sold at 85 and for each $1,000
and
Republic Steel Corp.—Officials Promoted—
;
N.
J.
Clarke,
elected
Senior
formerly
V. 162,
Vice-President
Vice-President;
Vice-President,
has
been
W.
in charge
Schlendorf,
Vice-President
sales, has been
formerly Assistant
charge of sales.—
of
in
Inc.—Earnings—
Period End. June 30—
1945—3 Mos.—1944
1945—6 Mos—1944;
_
after charges but
before
taxes
Federal
$130,205
income
and
$560,382
$324,351
$1,019,378
ex¬
_
cess
State
profits taxes, &
franchise tax
70,000
467,170
195,000
836,000
result
Net
profit
___—___
$60,205
$93,212
$129,351
$183,378
-Earnings per com. share
$0.24
$0.45
$0.53
$0.89
Workers
<
Note—Depreciation amounted to $25,200 for the second quarter and
for the six months ended June 30, 1945, as compared with
$28,290 and $59,580, respectively, for the corresponding periods of 1944.
Depreciation amounted to $25,200 for the second quarter of this
been
the six months' period.
Shipments during the second quarter of 1945 were 29.20% less than
those
for the second quarter of 1944,
while shipments for the first
contract
year
six
a
and
$5G,4C0
months
year
Current
cash
and
30,
amounted
1945
26 95%
were
less
than
those
for
the
same
period
Columbine
ization
to
$1,805,702,
date of June
a
ratio
of
3.10
to
1944,—V.
161.
p.
TT
funds,"
>
,
,
.
,
debtor company entered into a management
Management, Inc., which led to the mechan¬
the two mines, then operated by the debtor, known as the
Mine and Industrial Mine.
In connection with the mechan¬
the
Coal Mine
program,
equipment
was
acquired from the Joy
the notes, and Lewmurken, Inc., in order to protect
acquired the notes at their face amount of $33,713.
claim
thereon
in
the reorganization proceedings was
pay
1.
secured by
unable to
the company,
Lewmurken s
allowed as
preferred claim in the total amount of $38,601, which included
at 6%
to Jan. 1, 1945.
Moreover,
the debtor had for a number, of years failed
,
1
the
taxes
acquired
upon
tax
its
sale certificates
upon
a
Interest
stock
will
initially
whose
trustee
corporation
new
each
for
of
shares
debtor
and
which
amount
stock
common
basis
the
on
principal
$100
new
which
receive
to
are
of their claims.
bonds
•
•
were
cash
a
'•'•.
•
assented
not
■.■■■■•
corporation
have
will
of
/qualified
/•:
thus
is
distribution
.«•/,
v
the
to
/'-
>•
directors.
five
.yii
the .debtor" are not
stock of
..
The
>
for consideration by
persons
Feasibility
-
and
Fairness
.
trustee
in
of
Proposed
the
submit
the court.>
Plan
,
reorganized company will emerge without any funded debt and
only the current obligations of the trustee which it will assume;
question of feasibility is involved.
no
the
is. insolvent
debtor
less
than
the
and
the
in
of
i
mines
and
the
the
is
The
to
or
be
nature
of
continue
to
new
>
-•
the
in
enough
commence
the
to
first
the court,
the
of
to
of
operations
favor
in
this
power
the
that,
be
can
of
acceptance
the
of
be
may
that
(1)
without submission
that
(2)
as
require
specifically
directors
and
capital
to
seem
incorporation,
of
vote,
vote
a
would
bondholders
board
further
for
such
for
money
the
State
the
action
tantamount
powers
Company
will
broad
Fairness
inform
to
of
laws
by
borrow
to
purpose.
stockholders
plan
New
the
powers
with
of the new corporation this is deemed advisable."
corporation will be enabled under the plan to
amended
exercised
the
of
company
new
properties,
the debtor's
for
be
under
the
"but
value
the
reorganized
new
open
plan
of
Management
that
corporation
judgment
the
necessary
'
provides
plan
realization
the
and
amount
delegation
to
the
such
of
board.
board,
the
in
will be composed
absence of other nominations
of the following parties:
approved
by
counsel
for
Miss
Josephine Roche.
Roy St. Lewis, of Washington, D. C., who is
Lewmurken, Inc., the largest single bonddholder.
Harry
;
who
Jones,
with
associated
the
chief
is
engineer
since
company
the
of
general
-
.
■.
debtor and has
been
1916.
Joseph Tarabino,
who has had
considerable ; experience in coal
operation and, together with members of his family, owns
mining
approximately $160,000 of the bonds.
Charles
Kitzmiller,
who is in the
"
investment business and who,
approximately $100,000 of the
bonds.
-V; *','•.•■
■='•
As stated by the trustee in the plan, Lewmurken, Inc. is the owner
of
members
with
his
family,
owns
■
.
.
of
bonds
the
of
in
debtor
the
principal
amount
of
$874,000.
These
holdings will entitle it to approximately 23%. of the new stock, which
under the cumulative voting provision of the plan assures it of one
director.
However, in view of the anticipated wide distribution of the
its
stock,
control
holdings
of
the
subsequently
may
constitute
to
prove
working
company.
Non-Assented
of
Treatment
Bonds
all bonds outstanding, both assented and non-assented,
provides that each holder will receive 20 shares of stock in
reorganized company for each $100 in principal amount of his
In respect of
the
plan
the
bonds.
.•
holders
1938,
interest
at
bonds
the
10%%
from
the
received
interest after,
them of
paid to the holders of assented
April 1, 1938, to Oct. 1, 1943, or a
a
no
cash distribution to
that
as
plan
1939
on
bonds
for
provides
rate
same
'p. 3816.
non-assented
of
plan
the
the
under
of
total
1
„■
.
the
Since
April !,
principal
amount
of
their
bonds.—V;
Rotary Electric Steel Co.—Earnings—
earnings
Earnings
'After
with
share______
per
at
June
liabilities
of
$174,499
$1.71
$1.16
•
allowances for
and
assets
current
$258,720
________
taxes
Current
:
—
June 30, '45 Dec. 31, '44
6 Months Ended—
'Net
139
■■■
■:
30,
Safeway
1945,
renegotiation.
amounted tc $3,073,545, compared
$796,684.—V.- 161, p. 2115.
The
shares
share
Stores, Inc.—Partial Redemption—
corporation
of
its
and
has
to pay
for
called
outstanding
dividends.
redemption
cumulative
5%
Payment
will
be
Oct.
on
preferred
made
at
would
be
retired.—V.
162,
p.
1,
stock
the
Bank of the City of New York,
erroneously reported in the
'
Lewmurken, Inc.,. in 1941
various of the debtor's properties
real estate holdings, and
and
the
debtor
Manufacturing
Co., the purchase being financed by the issuance of notes
conditional sales contracts.
Subsequently the debtor was
8,
2488.
union
1939,,
with
of
borrow
organized
of
June,
ization
assets amounted to $5,602,284 on June 30, 1945, including
Government securities of $3,493,074.
Current liabilities on
1945,
including
provision
for
Federal
and
other
taxes,
1945, company was informed that the profits
realized by the company from direct and indirect sales in
1944 to
various Government agencies were not, in the opinion of the Govern¬
ment,
excessive, and
therefore no renegotiation
refund
is
payable
for
In
America.
to
was
investment
for
ago.
June
Under
of
of
able
which
toward labor,
relationships with the United Mine
Through Miss Roche s efforts, the debtor has
money
from Lewmurken, Inc., a corporation
by the United Mine Workers to handle the
friendly attitude
enjoyed very cordial
this
of
corporation
$50,400
the
of
of
an
500.
p.
Ritter Co.,
Profit
J,
elected
the
of
stock
758,720
1943.
names
Thus
acquired from the predecessor company
of the war-essential drug
Laboratories.
Jolliffe
of America
.
of
the
against
The
if
a
,
Claims
of preferred and common
participation under the plan..,
operations
to
years
indebtedness
creditors
current
value
par
of
Powers
been
had
substantial producer of coal
in the Colorado fields.
v
:
The properties of
debtor consist principally of extensive holdings
of coal lands and other real estate in 12 counties in Colorado, which
it
acquired in 1910 from the predecessor company and in 1911 by
purchase from the Northern Coal & Coke Co.
For the properties
to Manufacture
Corp. of America—Stokes Co.
1910
in
which
funded
no
the
of
$1
assets
1,
The
History of the
corporation
'
by
^
a
the board of directors will have the
,
of
23,
the
Debtor—Company was organized as a Wyoming
succeed a Colorado corporation of the same
formed in 1890 under a 20-year charter. The
business
of the
debtor is that of mining and selling at wholesale
sub-bituminous
coal, leasing upon a royalty basis its smaller coal
properties, and leasing other of its properties for farming and grazing.
Brief
118,000
•■'•-
Reorganization
of the properties is
bonds, the plan is not
unfair in eliminating from participation the holders of the preferred
and common stock and in limiting participation to the claims of bond¬
holders; claims entitled to priority; and unsecured claims, including
bondholders' deficiency claims, to the extent of the free assets.
■
—
have
the amount
considerably
borrow
to
'■
of
holders
hence
Co.—SEC Recommends Plan—
issued
all
holders
Oct.
with
and expend money for the purpose of engaging in
new mining operations which,
in their discretion, they may do without
a
vote of the stockholders."
For
Radio
July
the
at
increases combined with the
Industrial, and the inability of
increase in the sale price of
•-/'A- -A
Plan
except
opinion
new
power
2487.
161, p.
•
pro¬
seeking
1939 plan
the debtor are to receive payment of interest equivalent
that paid to the holders of the assented bonds from April 1, 1938,
the
the
company,
post¬
com.
per
373,800
1,257,300
180,750
509,400
tax
&
war
profit
Earns.,
480,409
29,250
free
of
Tfie. new
of the SEC the plan is "feasible and will be fair
applicable statutory and judicial standards, provided it is
to explain clearly to the present bondholders that, although
company
is to be primarily a liquidation and realization
the
In
within
$2,645,068
1,086,486
tax
conting.
Net
$3,486,459
229,801
profits taxes_
for
war
$948,912
548,655
depl.—
income
exc.
Prov.
$1,604,107
_____—
&
on
-
1943,
interest
and
plan suggests an original board but invites the bondholders to
appointed
of the company filed by Wilbur Newton, trustee,
and subsequently amended. By order dated May
1945, the U. S. District Court referred the plan, as amended, to
Commission for examination and report.
amended
Total
Depreciation
the
The
.
1945,
Dec.
bonds
since
court
wage
the
at
assume.
total
A
accorded
-
reorganization
all
of
shares
Since
April 21,
State
have
priority over the fitst mortgage bondholders will receive
in cash.
Bondholders are to receive in exchange for
securities
The
,
and common stock.—V. 162, p. 608.
the preferred
Rocky Mountain Fuel
,
1,664,822
$795,720
for
agent
during
bonds,
provides for the organization of a new Delaware
as The Rocky Mountain
Fuel Co., to which
of the properties and assets of the debtor.
The
will
will
it
payment
of 6%
to
New York, N. Y., has been
Manufacturers Trust Co.,
The
.
V
1,835,689
50,896
in
•
i
reduced
known
creditors
bonds.
>
Ruppert,
E.
instituted
their
the
interest
./
to
be
issued
for
the
publicly held $3,793,600 principal amount of
bonds.. Unsecured creditors having claims totalling $54,542 participate
alphabetical
-v:
'
of
Recent
>:;;x
plan
be
to
conveyed
no
20
always
President since 1939, has -been elected Chair¬
man of
the board, and Albert J. Bates, General Manager/ has been
made President of the company.
/
•>A'Vj'
'
"The
newly created office of Chairman of the board was made
necessary by the rapid growth of our business, especially,"in the last
five years," Mr. Ruppert said.
"
—
possible.
of
compensatory
a
year.
corporation
their
Ruppert—New President, Etc.—
(Jacob)
Georgeg
$4,690,102
886,247
$1,553,211
-——
income
Other
be
full
alphabetical
to arrange
companies in exact
However, they are always as near
as
on
been accorded
•414,632
not
at
non-assented
Mine, and the equipment located at this mine
being sold by the trustee.
Mine, according to testimony of two engineers at
the plan in May, 1945, has a remaining life of not
one
obligations
to
-
$7,390,937 $16,575,472, $13,507,551
" V
'
,
5,708,970
11,338,394 11,468,742
: \
,
5,225,973
977,953
depreciation)
Sell.,
.
$7,757,137
__
(exclusive
sales
of
Cost
will
proposed
t653,125
1945—6 Mos. 1944
•'
,
461,707
is
it
reasons
bonds
Colorado
in
mining
obtain
trustee's
of
mechanical
bonds
of
payment
no
Industrial
than
have
$576,961
>
holders
Columbine
hearing
new
2,268,346
581,599
$658,747
62,306
to
for
field.
of
cost
to
the
The
$5,343,227
Subs.)—Earnings
1945—3 Mos.—1944
in-
of
59,208
position
refinancing or
from
Quaker State Oil Refining Corp. (&
Period End. June 30—
Colorado
corporation
252.
p.
possible
1,215.305
.
sales
162,
$4,127,922
-"carry-over" of excess profits tax credit. . tExelusive .• of dividend of
$2.50 per share paid Sept. 13, 1943, in order to. reduce arrears, £uch
payment having been made in accordance with the provisions of the
plan for recapitalization.—V. 162, p. 252.
■ ■•••;..
Net
96,858
order.
86,541- I
paid__—..
preference dividends
Balance
-
118,034
income—
—V.
2,413,286
'V
£
$305,874
Balance
'Reduction
,
$4,110,544
$302,662
$305,874
-
•
$3,426,906
$88,959
assented
amount
Trustee's
$3,612,369
2,331,793
621,829
$91,855
to
install¬
These lawsuits precipitated
annum.
petition
in process of
more
385,292
income___
of
The
received
debtor
principal
per
its
trustee
The
$571,109
oper.
holders
1, -1943,
have
non-assented
of
the
the
high
of
Federal
of
is
385,854
NOTE—For
income tax
7
Net
the
the coal, made further operations at that mine impracticable.
Accord¬
ingly, the trustee, pursuant to order of the Court dated June 15, 1945,
$595,743
Operating taxes
with
..
against
of
of
closed
revenues-
special
saving
♦Reduction
Prior
26,358
120,152
193,966
Balance before
tax
2,881,604
the
expenses-:.-
Operating
Operating
commencing
annum
.
370
\
rev._
oper.
the
to
holders
northern
$3,428,977
2,071
■
Net
—
amortization
&
2,902,341
deducts,
income
(net)
:
$30,389; pre¬
$214; total,
$3,614,961
^ 2,592
$596,113
per
the filing by the
reorganization under Chapter X of the
Bankruptcy Act in Feb., 1944, and debtor's need for relief, as alleged
in its petition, was predicated upon the pendency of these actions.
At the time of the appointment of the trustee, the debtor operated
two
coal
mires,
the
Columbine
and
the
Industrial,
both
in
the
$571,456
347
revenues____
Uncollectible
$6,567,566
$6,520,454
$497,373
$502,859
revenues—
oper.
Interest
-
142,079
166.099
Maintenance
Depreciation
Federal
10,145,414
1,764,033
1,535,774
10,613,768
1,751,509
802,754
883,489
Operation
Operating
1%
exceptions,
5%
debtor
the
$2,086,443 $27,599,384 $25,796,732
$2,313,704
—
of
through Oct.
1945—6 Mos.—1944
1945—Month—1944
Period End. June 30—
■'
w
1938.
of
rate
Corp.—Earnings—
Rochester Telephone
1945—12 Mos.—1944
1945—Month—1944
1,
recovery
(2,000 shares, no par), $50,000; first
stock
rate
paid
was
Certain
1945
30,
June
;
.
Oct.
rate
April
mort¬
gage 5%. gold bonds, $735,000;
due to New York Water Service Corp.,
$950,000;
current
liabilities,
$135,589;
deferred liabilities,
$12,810;
depreciation reserve, $761,782; other reserves, $3,109; contributions in
aid
of
construction,
$49,666;
donated
surplus,
$1,143,333; earned
surplus, $1,479,689; total, $5,320,987.—V. 161, p. 2665.
Light So. (& Subs.)—Earnings
Puget Sound Power &
Other
Sheet,
Roche.
principal
already
Liabilities—Common
kwh., ivs;
kwh. for the corresponding week last year,
Period End. June 30—
•
$136,429
$29,170; materials and supplies, priced at average cost,
paid taxes,
insurance, etc.,
$4,613;
deferred charges,
Corp.—Output—•
Engineering & Service
due
minor
73,968
$150,352
—
.___
Balance
compared with 189,442,000
an increase of 1.7%.—V.
1G2, p. 607.
Net
income
to
the
debtor in
amounts
totalling $536,389,
by a pledge of $874,000 principal amount, of
approximately one-half of debtor's preferred and
The
stock
and
$100,000 of the bonds so pledged
interest
interest
Assets—Utility plant, including intangibles, $5,099,878; miscellaneous
investments
and
special
deposits,
$1,439;
cash,
$95,892;
accounts
receivable
(less reserve of $4,068), $59,392; accrued utility revenue,
months'
of
week
the
for
Other
40,457
in the reorganization proceedings and allowed
of $74,984, which was substantially its cost.
foregoing, Lewmurken, Inc.,'"from time to time;
secured
Miss
fixed
$210,397
deductions
tax
the
in
$5,320,987.
Public Utility
fixed
ceedings
Net
2452.
p.
191
$190,809
the
instituted, the holders of $3,582,000, or approximately 93% of
bonds, assented to the plan.
Although the holders of $232,600
amount cf bonds, or about 7% of the outstanding issue,
failed to assent, the plan was declared effective by the debtor and
$210,206
20
properties,
was
26,904
_____
income
Income
$956,549
$964,767,
provisions for eight
dividends.—V. 161,
makes
1945
and
dividends
income
subsequent;
of
1, .1.938, to and including the installment due April 1,
1940, and thereafter at the rate of 2V2% per annum. The payment
of additional interest up to 5%
was made contingent upon
earnings.
Of the $3,814,600 of bonds outstanding at the time ibis
proceeding
152,715
$190,789
earnings
and
its
sum
the
stock.
with
$1,197,066
232,299
$1,222,030
265,481
—
——
declarations,
1944 for
multiple
to
'Due
months'
_
stocks—.—.
pfd.
Net
of
owner
as
and
to
ment
30,266
27,447
166,718
—i
-
1937
loss
whereby the maturity of the bonds would be extended ten years
April 1, 1953, and the Interest rate reduced from 5% per annum
;
$706,852
286,762
40,705
———
—
Other
$2,241,722
$2,222,351
1,019,691,
1,025,284
——
______
;
—
Taxes
$2,118,998
103,352
69,917
income
Gross
!
Depreciation
.
$2,171,805
-
290,033
.
Maintenance
47,334
.—
—
Operation
896,479
.,
in
due
the
rights
from
its
advances
was
bonds
common
1944
'■/; _*'•
1945
,' $715,692
-~~K/
revenues
exercise
i/ Four years prior to the stated maturity of its bonds,' the debtor
proposed to its bondholders a voluntary plan dated Feb. 1,
1939,
Service Corp.—Earn.
V
Year Ended June 30—
Operating
2,142,052
37,495
profits
income and excess
Provisions for Colorado State income
937,595
,362,103
Taxes
Provision for Federal
sum
a
936,236
974,029
replacements——————
(other than income)———~
Provision for
cash
company
filed
was
to
belonged
Co.
Co. has recently
Rochester & Lake Ontario Water
sales
debtor's
taxes
unpaid
the
not
preferred claim of Lewmurken, Inc.; for monies adpurchase of these tax certificates and for redemption
addition
which
Refining
Canton
tax
A
the
made
...
$12 ,938,142 $12,201,820
5,691,699
6 ,061,312
368,862
383,964
revenues—
Operating expenses
___4—
Maintenance and repairs
1944
:•>/
the
of
in
for
did
the Court in the
In
the Central Pipe Line Co. and Presi¬
:
The Red Bank Oil
acquired new leases in Illinois
for
which
the
company
plans an immediate • deveopment program,
Mr. Bennett said.—V.
162, p. 140.
'
•
vV;/'V-.-
Colo.—Earnings-
Public Service Co. of
© Months Ended June
by
Vice-President of
formerly
was
dent
'1'
V^f
161, p. 2791.
1944.—V.
vanced
from
operations
in
Illinois; Oklahoma, Kansas; 'Indiana, Kentucky and
Mississippi. This office will be under the direction of W. E. Weidler
who has been elected a Vice-President of the company.
Mr. Weidler
.
Aug. 15.
29, Aug. 25 anu
$1, payable Aug. 28 to holders of record
disbursed on May 6,-last, and on April
par
amount
BecV
10 cents
of
dividend
.
sold
protected
certificates.
.
capital
A like
been declared on the
'
been
This
Lewmurken
since
John E. Stephen,; Vice-President of ; the company, will
remain in charge of the Dallas office and will handle the company's
affairs in Texas and Louisiana.
,
"
V
Mr. Bennett also announces the opening of an office in Salem, 111.,
to
handle
all
oil
leases, oil
royalties, drilling and oil production
:';V
■'
the
had
years.
the executive
Broad Street,
York City.
New
_________
—V,
of
offices
President, announces removal of
company
from Dallas, Texas, to
30
Bennett,
W.
which
Executive Offices—
Red Bank Oil Co.—Moves
Pittsburgh Plate Glass Co. (& Subs.)—Earnings—
© Months Ended June 30—
1945
1944
1943 V
Net profit after charges and taxes
$7,037,000 $6,970,000 $5,766,000
Shares of capital stock2,208,723
2,208>723
2,208,723
Earnings per share——$3:18
$3.16 ' '
$2.16
Monday, August 13, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
6S0
next,
at
Chase
4,200
$110
per
National
11 Broad St., New York, N. Y.
It was
"Chronicle" of Aug. 6 that '41,200 shares
608.
(Continued on page
716)
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4411
162
Volume
Stock anil Eond Sales
DAILY
I/!/,;
YEARLY
-
Below
we
furnish
point represent one or more 32d of a
Aug. 4
Bond Pricee
Dally Record of U. S.
and Home Owners' Loan coupon bonds on the New York Stock Exchange during the current
daily record of the transactions in Treasury
a
Figures after decimal
Aug. 8
Aug. 7
Aug. 6
point.
.
,,
Daily
Aug, 10
Aug. 9
4%S, 1947-52
Record of
U.
8. Bond Prices
Holiday
5
101.12
101.11
101.12
101.1?
\ Low
[Close
102.4
101.14
101.12
101.11
101.10
101.12
101.14
101.12
101.11
101.12
101.12
2%s,
Sept.,
Total sales in $1,000
Holiday
[High
2%s, 1951-53
Low
—
—-j Low
iCiose
—-
Total sales in $1,000 units
Higb
(Hign
2% 8, 1952-55
1 Low
38, 1946-48
—-
Low
[Close
■>.
Close
*—
Total sales In $1,000 units—
units
Total sales in $1,000
2
\
.
units
•
>
units
,-
—
25
7VSt
1
10 y2
(.Close *•*;
1
[Close
v".:.".
—
] Low
1967-72
102.4
I Hign
.'-•
;
—
I High
102.4
[Close
,-;•
101.23
7
101.15
—
Total sales in $1,000 units—
Total sales in $1,000 units
Total sales in $1,000
101.25
—
!.
$1,000 units
2Vis, June 1967-72
(High
j Low
\
101.23
[High
Total sales In $1,000 units
3 VaS, 1949-52
101.23
Low
in
[close
3% 8, 1946-49
Aug. 10
Aug.!)
Aug. 8
101.25
Close
sales
Total
[High
j LOW
—
Aug. 7
101.23
2%S, 1966-71
IClose
Total sales in $1,000 units.*
1946-56
Aug. 6
Aug, 4
High
Treasury
f High
\ Low
Treasury
$%»,
for the year.
United States Government Securities on the Hew York Stock Exchange
| | |!
week.
WEEKLY
-
day's range, nnleae they are the only transactions of the day. No account l« taken of each ealee In oomputing the range
dtlivary MlM ere disregarded In the
NOTICE—Cash and deterred
Mew York Stock Exchange
cc»
.
—
[High
(High
\
*y4S, 1954-58
Low
[Close
Close
Total sales In $1,000 units
units
Total sales in $1,000
"
[High
..
2Vis
\ Low
1956-59
-
[Close
Total sales in
Total sales in $1,000 units
{:
l<
100.7
Close
,000
Total sales in $1,000 units
Low
(Close
1;
2s,
\ Low
—
[Close
Total sales in
2s, March 1948-50
| Hign
\ Low
_
(Close
I Close
35, Dec. 1948-50
'
,
$1,000 units
Total sales in
[Hign
,
:
:
riigS
■{ Low
■
j
[Close
units
Total sales in
[Hign
\ Low
2%s, 1960-65
[High
j Low
*
[Close
.
units
—
Holiday
$1,000 units
2s, Sept., 1949-1951
[Close
"/
Total sales In $1,000
•//
v.
1949-1951—
2s, June,
—
—
(Close
.
—
—
$1,000 units
/
\ Low
2%8, 1958-63
Total sales in $1,000
—
[Hign.
j Low
[Close
;>■■■
[close
i-'
—
—
Total sales in $1,000 units
(Hign
_■( Low
2%s, 1956-59
—
—
!/y|/! '••!'/"!/
(High
j Low
3
15
—
Total sales in $1,000 units
units
101.10
•{ Low
1947
[Close
Total sales in $1,000
101.10
101.10
101.10
,
f Hign
units
2%S, 1951-54
101.10
101.10
.
units'——
Total sales in $1,000
Hign
Total sales in $1,000
2
[High
-{Low
y4s, 1959-62
*61/&
>
"
2%S, 1948-51
104.4
104.4
—.•
100.7
2
104.4
—
$1,000 units
100.7
High
1945 .«
2%s,
—
[High A
•{ Low
[Close
^'I-A./ :!;!:
■
2%s, 1955-60
Low
Total sales In
1<
$1,000 units
—
[High
IHigb
Low
2s,
{ Low
1949-1951*
Dec.,
Close
units
Total sales In $1,000
2%s,
•'.7
!
—
-
—
j Low
(ClOSfl
1950-1952
March,
2s,
'
[Close
r
>.—
fHigb
i Low
1948
[Close
Total sales in $1,000 units
[High
A
:
'
'
v
,
—
Total sales In $1,000 units
Total sales in $1,000 units
—
102.27
(High
Low
(High
Low
Total sales
Total sales in $1,000 units
$1,000 units
in
■
2s, 1951-1953
•{ Low
Total sales in
[High
i LOW
(Close
«%a, 1952-54
[High
j Low
1%S, 1956-58
[Close
Total sales in
v
f High .;
j Low
[Close
■
2s, June, 1952-54
$1,000 units
[High •>-
(Close
(Close
Total sales In $1,000 units
102.17
102.17
f High
•{ Low
3
2%s, June, 1964-1969
Total sales In $1,000 units
102.7
units
102.3
1
1%S
6
Low
[Close '
.
—
$1,000 units
Total sales in
101.30
101.29
101.28
101.30
101.29
101.29
101.28
4
5
$1,000 units
101.6
„_
;
101.5
101.5
101.5
5
—.
2
101.28
101.30
•( Low
[Close
:
101.6
101.6
[High
iy2s, 1950—
101.31
1
3y2
—
102.26
[Close
101.31
I Close
units
102.26
/High
j Low
1948
Total sales in
101.31
\ Low
1965-70
Total sales in $1,000
102.3
102.6
a.
7.
1
[ High
2%S
102.3
102.6
::.
102.6
102.6
\ Low
[Close
1964-1969
Total sale's in $1,000
102.6/
—
[High
2%s, Dec.,
:
$1,000 units
Total sales In
102.6
102.7
[High
\ Low
[Close
{
1953-55
2s
*11
—
102.26
[High
102.16
:
102.7
4
•
1
—_
—
102.16
102.17
[Close
Total sales in $1,000 units
102;31
—_
$1,000 units
Total sales in
102.16
102.31
102.31
...
Low
1952-54—
2s, Dec.,
—\ Low
___
—_
!
f High
—
$1,000 units
7; >
A
Total sales in
2%s, 1963-1968
—
\ Low
1951-55
llrr1^ I
Total sales in $1,000 units
2%s, 1962-67
-(High
.
[Close
mm
Holiday
Total sales in $1,000 units
—
$1,000 units
:
38.
8
!;!
[High
\ Low
[Close
>
[Close
;//" Total sales In $1,000 units
102.27
—
—
f High
2%s, 1950-52
102.27
Close
Close
♦Odd
lot
sales.
JTransaction of registered
bond.
■BBBBB
NEW YORK STOCK
RECORD
Aug. 4
S per
Aug. 6
,
share
S
*66%
66 Vz
*112
*112%
114
*67
'70
*67
13
27%
14%
35 y8
27%
14'/a
35 Va
*27
42
41V4
7
,
'
30%
30%
*101
160
29%
*66
_
.
69
67
Aug. 10
EXCHANGE
I per
*66%
♦112%
*112%
■
114
*67J/4
69
69
13%
200
68
2,000
69
4,200
13%
12%
12%
13%
26%
27%
27
27%
15
14%
14%
35%
35%
27%
41Tb
27
27
40%
*112
42%
117
14%
14%
14%
35%
35%
♦35%
*27 y8
27%
27%
4iy8
112
42%
112
41%
♦112
36%
27%
41%
115
;
\
;; 2,500
4,100
500
1,800
7,900
20
7%
6%
6Va
6%
6%
7
7%
5,400
4y«
4
4%
4
4%
4%
4%
25,200
497/a
8,300
46%
30
48
61%
30%
106
46%
*61%
30%
101
47%
63
30%
101
46%
*61
30%
*98
IS
16
*15%
16%
16
160
159%
159%
158
49
63
31
102
16
29%
691.
47 Vb
*60
4,300
30
16%
160
*17
*17
17%
17%
17%
29%
29%
*28%
29%
28%
29%
200
317/a
30%
160%
17%
61
100% 100%
29y4
16%
162
600
1,700
17%
200
30%
2,800
No par
100
No par
Abbott Laboratories.
4%
114
27%
Pdf
Shares
share
12%
14%
Range Since January 1
Lowest
Highest
NEW YORK STOCK
27%
36
117
67
*17%
18
footnotes see page
*112%
;
159
16%
161
*17%
67
114
Sales for
the Week
4
*101
106
*16
27%
61%
63
*61%
14>/4
f per share
I per share
*66%
Friday
6%
4%
49 %
48
27%
*35%
|
69%
127a
*112
7
4%
114
Aug. 9
Aug. 8
67
27%
40%
,
117
*112
share
12%
13
27'/a
For
S per
per share
66 Va
Thursday
Wednesday
Tuesday
Aug. 7
Range for Previous
STOCKS
LOW AND HIGH SALE PRICES
Monday
Saturday
preferred
Abraham & Straus
ACF-Brill Motors Co
Acme Steel Co_—
—2.50
Address-Mutigr Corp
Air Reduction Ino
Alabama & Vicksburg Ry~_
Allied Kid Co
Allied Mills Co Inc
22
71
9
115
Jan
15
9% Jan
2
f per share
73% Jun 20
16% May 19
60
May
5
Jun
15
52%
47
8y8 Aug
10%
Par
32% Jan
24
38 y? Apr
10
22 Va Apr
6
No par
39% Jan
2
49
Apr 24
37% May
100
98 V* Jan
22
120
July 10
75
No
No par
8
No par
8j/4 Jun
21
6VWan
2
2% Jan
24
5% Jun
11
22
60% Jun
21
68% Mar
Jan
23
28 Vb Jan
24
Jan
11
91
13% Jan
2
153% Mar 26
15% Jan
2
28% July 27
Dec
I
10% Dec
Dec
33
Deo
19%
/
lT
26% Jan
18
34% Jan
56
Jun
Jun
64
28
30% May 19
,'
64 %
1M
Jan
16% Jun 27
1
I per share
Feb
108% Nov
28y4 Apr
—
Alaska Juneau Gold Min
10
Allegheny Corp
.—
1
5%% pf A with $30 war
100
$2.50 prior conv preferred-No par
Alghny Lud Stl Corp
No par
Alleg & West Ry 6% gtd
^100
Allen Industries Inc
1
Allied Chemical & Dye
60 y, Jan
1111/* Apr
25% Apr 23
13 y8 Mar 26
10
—:
Adams Express
Adams-Millis Corp
I per share
$ per share
!■:'■
Year 1944
Lowest
Highest
■
24%
Jan
Jan
Jan
5% Apr
2
Mar
,
Oct
43
July
109
Dec
7% July
3%
Dec
23%
Jan
36
Dec
1
37
Jan
62
Dec
34% Mar
7
May 28
70
104
18% May 17
165% Mar
20% May
34% Mar
6
3
1
24% Apr
Jan
9% Jan
141
Apr
29% July
Dec
91
15% Oct
.157
Dec
13% Mar
16%
29
35% Mar
Aug
Feb
COMMERCIAL & FINANCIAL CHRONICLE
THE
STOCKS
LOW AND HIGH SALE PRICES
I per share
27%
28%
102
100%
100%
45%
45%
45
46%
*•116% ii8ya
45%
5%
5%
5%
47%
*45%
,
'i
25%
26%
*25%
5%
*5%
.29%
*101
46%
112
31
;
25%
107%
110
*108
100
108
Amerada
Petroleum
60
60%
593/4
57%
59
59
62
63%
643/4
6,100
27
27
25%
•27
26%
27
26%
28%
.28%'
29%
2,700
78
78
78
78
78 %
77%
78%
80
17%
2,800
44 y*
1,900
16
16
134
*132 y4
43
*132%
11
1321/4
132%
*132y4
10%
11
103/4
113/4
11%
.
97
190
*189
52%
53
52
112%
113
113
113
293/4
293/4
131%
131%
•
109
*107%
27%
14
27
*50%
10
73/4
8
.95
50%
*50%
32%
3U78
»
115
31
*114
115
25
24%
12%
26%
*114%
123/4
27
V
138%
*136
46
7%
7
6%
.
68
13%
13%
>
66
,13%
* 185
20
20%
89
89%
89
•89%
114%
114%
26 ya
273/a
263/4
27
/
7
733/4
75%
753/4
68%
69 Yb
13%
13%
14%
*182
185
20%
213/4
20%
22
89
88
883/4
88
89
23 %
22
23%
23%
23%
22%
22%
22%
22 3/a
223/8
22%
23
35 %
35%
35%
35
35%
353/4
35%
48%
35
22
213/4
47%
47%
465/s
47%
,565%
167%
167%
167%
168%
*167y4
45
45
*162
166
*163
32
31%
32'
20%
32%
33%
20%
20%
20 ya
24%
24%
*24
;
46
46
45%
139
*138%
31
*30
77
16%
49%
»116%
l53/a
118 %
15%
109%
109 %
22
;
•
6% r
14%
109
33
54
54
*108%
6%
69%
'•
6%
118%
120
54
51
513/4
*30
800
109
20%
22%
16,300
118%
6%
753/4
100
31%
51%
33
32%
333/a
53
53
55%
15,800
;
920
V
32
31%
31%
/
108 %
110
■
*
110
*108 5
•
40%
40%
40%
40 %
*40%
40 3/4
*123/4
133/4
13
13
*123/4
13%
*5%
53/4
5%
69%
*673/4
6
*68
69%
85/a
9 Va
113 y2
*120
43s/8
127
43
14
43%
14
*13%
*67%
8%
'
*113
*121
8%
9
113%
114%
126%
42 3A
423/4
133/4
*13%
■
*121
5%
69
93/a
113%
126
6
69
12%
26%
12%
12%
26%
*123%
*47%
92%
108
67%
26%
*126
125
127
124 3/4
124%
**7%
.
49%
;
69
93/4
34,100
114%
400
44%
44%
45%.
13%
133/4
14 y4
107
v
94%
107
90
107
68%
107 %
66
108
91%
67%
34%
*32%
34%
*72
78
*70
78
30%
31
30%
17%
57
57%
69%
23%
70
117
25
25
24%
133/4
101%
20
133/4
20
73/4
70 y4
133/4
*100
-
101 y2
19%,
1-.
•
8
124
20
"73%.
7%
*47 y4
49
107
108%
49
107
893/4
92%
107%
913/4
v:/;v
107 y2
13
26%
125
13%
2,700
2,700
263/4
126
70
•
80
*122 \
*47
123%
*107
108%
20
90
92%
10,200
-
*107%
108%
69 y4
34
34
34
34%
34%
34%
*70
78
*73
303/4
112
17%
*56%
57
70 y4
*115%
703/4
313/4
*110%
17%
17'
173/4
57
57
57
370
*563/4
70
25%
13%
101W
13%
100
6,000
30
70
Jan
15
9
Jan
21
19%
20 ya
73/4
8%
Jan
79% Dec
;
Jun
7%
15
6%
9% July
Apr
9y4 Aug
Jan
Mar 26
Jan
25
14%
Feb
115% Aug
9
27% Aug 10
143/4 Jan
9
30
46
37 V« Jun
Jan 22
50% Aug 10
80%
14%
Jan
28% Dec
lll»/4 Dec
Feb
24%t Dec
8 3/a
Jan
31
Mar
6
142% May 24
483/4 May 21
77/a July 2
20
50
123/4 July
Dec
Feb
26
115 % Feb
130
Oct
Dec
32
Jan
43
2
Jun
3y* Aug
68 y4 Dec
9
Jan
Jan
44% Feb
40
Feb
60% Dec
12% Aug
2
15% Jan
2
223/4 July 10
12%
Jan
17% July
75
2
91% Feb
62%
Jan
77% Dec
18 3/a Jan
4
Jan
18%
Sep
15.
253/4 Apr 17
24% May 29
13%
17% Jan
25
—100
18.50
13% Feb
19%
Dec
40
26% Jan
37 y4
Dec
Jan
184
32% May 22
2
40% Jan
164% Jan
9
153
Feb
15
22
172
164
25
Mar
6
35
31
184-
7
Dec
152%
Dec
28%
Dec
15
19% July
25% Dec
Jan
16% Jan
29
Feb
56
111
Jan
132
8
July 10
45%
Nov
22% Jun
146
7
Mar
26% May
156
31%
Jan
Dec
Dec
Jun
166%
Dec
July
Jan
2
79
Jun
15
563/4 Jan
75
65% Jan
2
80% Jun
15
57%
75
145% Jan
-25
6% preferred
—100
Amer Type Foundries Inc
10
American Viscose Corp
—,—.14
5 % preferred
—.—100
Am Water Wks & Elec—No par
-$0 1st preferred
No par
Aug
43% July
165% Dec
Jan
39% May
26
Jun
180
36% Jan
*147
fi
28ya Apr 24
56% Jan
3
142
65
.Aug
35%-Jun
2
Jan
Apr 25
45 3^ Mar
45% July 19
157,
23
503/4 Jun
3
.41% Apr
100
3
X161
Jun
7
139
Jan
July
1523/4 July
15% Dec
Jan
13% Mar 27
19% Jun
26
8%
Jan
43% Mar 27
54 3/a Jun
27
Apr
121% Mar 15
39%
1163/a
17% July 10
6%
Jan
1173/4 Jan 22
8% Jan
23
99% Jan
11
111
Jun
14
49
84%
29 % Jun
28
6%
Jan
——.—100
1
128 y2 Jun
23
67%
Jan
preferred——.25
B0% Jan 23
100
Jan
2
9
No par
Jan
53/a# Mar 27
85/a Jun
83
Jun
30% Jun
Jun
120% July
16 y4 Aug
Apr
iooy8 Mar 26
Woolen———
Jun
Jan
12
Nov
9% Dec
107
Dec
22
4
Jan
22
44
Feb
05
29 y4 Dec
29% Jan
No par
38% Jan
6
—12.50
24% Jan
6
3b y4 Apr
July 20
112l/4 Apr
6% July
Dec
24%
Jan
39
Jan
28 3/a Julv
30
-$4
preferred
—
109
No par
2
38% July
12% May
x50'/2 July 12
44'% Apr 30
15% Mar
6
4
4% Jan
2
—20
Copper Mining
50
9%
Jan
2%
Jan
7% Jun
Mar 26
18
Aug
2
18
141/4
Dec
43/4 Aug
42
70
Dec
57
Jan
4% Apr
Jun
8% July
2
10 y4 Jun
102% Mar 27
No par
117% Jun
15
74%
Jan
107%
132
16
65
Jan
119
35%
Apr
46%
9%
Feb
12% July
133/4 Jun
ill
—_—100
Armstrong Cork Co—
JVo par
Arnold Constable Corp—J
5
Artloom Corp
.No par
Associated Dry Goods—
1
-6% 1st preferred
———100
-7% 2d preferred:
—-.——100
preferred
preferred—...—
6
6 3/a Jan
20
Jan
25
20
23
Mar 27
42% July 27
11% Jan
Jun
49% Apr 24
153/a Jun
9
2
10
Jan
2
18
Jan
20
113
Jan
3
127
Jun
111
Jan
4
125
-No par
45
Mar
9
50
—.100
106
Jan
Jan
12%
Jan
90
Jan
113
July 26
85%
Jan
113% Nov
Jun
33
25
29
12
108% Mar 23
31-
Jan
76% Jan
8%
15
May 21
29% Jun 26
Dec
Jun
101
Jun
19% Dec
Sep
108% Nov
103% Jan
53%
25
Dec
453/4
May
Jan
83% Dec
Jan
30
Jan
48% Jan
22
114y4 May 19
79%: Jun 25
82
—100
25%
Jan
55
1
33% Feb
1
403/4 May. -1
25
Feb
38% Nov
74% Jan
59%
jun
76
5%
—
101
non-cum
conv
-
5
553/4 Feb
19
-
Feb
7
36% Feb
15
24%
113 y2 Jan
80
Jan
17%
Dec
23
53%
Jan
57 y#
Oct
52%
Apr
62
Jun
58
Jan
2
74
May 31
119
May 18
9
10y2Jan
22
77
Jan
2
14% Jan
2
5 V* Jan '24
32% May
Feb
11%
6
,
Dec
Nov
107%
25
Jan
Jan
Dec
3
Jan
60
113
106 %
19% Jun 27
18% Jan
—No par
preferred—-.——.-100
85
41,800
.
30% July 27
110
Apr 20
14% Jan 22
Austin
2,300
8
7% Aug
61
163
Nichols
—No par
prior A
——No par
Autocar Co.
5c
Aviation Corp of Del (The);——.3
20
Jan
293/a Jan
Atlas Powder.
150
7%
Mar
4
Mar 16
900
-
76% Oct
65
9
,10
130% Jan 26
176
Nov
99
July 31
11% Jun 25
11% Mar 27
24% Jan 24
Atlas Tack Corp————No por
19%
20
7%
10% Jun
7
50
7%
193/4
2
5
Dec
6y4 Aug
46
3
3
70Q
13%
40%
Jan
15% May
71
100
Apr
3%
Jun
39% Mar
82% July
74% July
28
13%
33
2
116
100
25% Apr
94% Dec
22
70j/4
13 Va
Jan
11% Jan
115%
100
Jan
543/4 Jan
71
*24
15%
60% Jan 22
117
25%
l
Jan
Mar
5% Mar
102
59
Jan
108
29
Oct
Jan
68% Jan
26
4% Aug
11%" Dec
preferred———100
Atlantic Refining
.———25
4% conv pref series A——100
Atlas Corp——.—
,————5
- 6%
preferred———50
1,300
32%
112
1%
3
•
Dec
68
128% Jan
5%
4,500
25
13 %
*100
31%
1103/4
Dec
par
Sugar Refining-
i Atl G &.W. I SS Lines
.
163/4
*115%
25
76
30%
117
3
Mar
Dec
36 y4
par
Atlantic Coast Line RR
700
t
HO3/*
.'
24
Jan
Aug
203/a
107 y4
9y4 July 10
51% July 11
81% May 5
47
15
Mar
May 22
—100
5%
4,300
16%
5
14
101% Feb
21% Sep
2% Mar
31% July 10
104% May 25
467/a Jun 14
Mar
38% Jan
Atch Topeka & Santa Fe——100
5% preferred
100
500
66%
*73
111
Jan
20% Jan
91
preferred——100
Assoc Investment Co.
10
49
69
78
96
25
$6 conv prior preferred
400
66
108
303/8
117
1334
124%
*122
66%
*1103/4
70
*100%
Xl25%
Jan
53/4 July
Sumatra Tobacco.—No par
1%
5,500
67
108
31
118
*116
Xl25%
90%
*110% 112
16%
17
*563/4
57
112
17
*107
12%
12%
X25% X26
12%
Apr
23
Armour & Co of Illinois—5
!
126
13%
253/4
8
28
A P W Paper Co Inc——.-5
Archer Daniels Midl'd—No pan
100
r
9%
42%
127
*47%
*33
111
12%
25%
127
124%
49%
108%
*107
123/a
26%
127
20
43 V4 Jun
Jan
Andes
300
'
*125
,15% Feb
-
.2% Jan
Anderson, Clayton & Co—.—21%
1,700
114%
*121
16
No par
-—-100
Anchor Hock Glass Corp
1,100
Feb
10% Jan
6»/a Jun
2
Anaconda Wire & Cable
200
^
6ya
115% July
131% Nov
Anaconda Copper Mining———50
•
40%
non-cum
$5 prior conv
110
13%
108%
29
Amer Zinc Lead & Smelt——
5,900
13
Jun
par
.—100
Preferred
1,100
/
6%
63/4
Nov
43% Jun
2
American
753/4
,
■
31
*108%
109
116
30%
32%
30
21%
77
6%
77
*75%
109
120
107
21% Jun 27
10% Jan
-•
21,700
*75%
63/4
32
113%
126
*13%
*115 y2
32%
53%
9%
93/«
*113% 114
43
20%
21%
163/8
13%
13
*122
*108
109
200
119
40
40%
13
■
15%
6%
*108% 110
*6
*68
*116%
16
30
110
*40
119
20%
•
27
29
Common class B—
2,300
Dec
27% July
26
27
Amer Telep & Teleg Co——100
American Tobacco—
—-25
7,000
993/4
Jan
24% Jun
2% Jan
Preferred
470
i
18
53%
14%
15%
*108
79
155%
Jan
23
1093/4 Jun
American
17%
•
683%
22
200
52%
*116%
.
July
27
313/4 July 13
18% Jan
600
1,000
42 3/a
115y4 Jun
-
3
5,700
183% Nov
Apr
105% Apr 26
30% Jan 24
223/4 Jan
78%
05% July
Jan
33%
133
American Stove Co———No par
,80
154%
16%
51
52
•
155%
15%
493/4
16
32
31
78%
50%
118%
*75%
78%
X79%
154%
1543/4
; 15%
14%
21%
6%
X77%
x76
78%
49%
V 109%
203/8
63/4
*30%
x77
77
Mar
170%
25
3
300
8,500
82
May 28
Apr 25
19%
553/a Jun
16
179%
Sep
July
9
453/4
*30%
178%
,14
133/4 Jan
par
Am
May
119% Apr
17% Jan
100
8
3
900
31
12
Jan
139%
*138
Oct
133
195
2
:
46
Apr
104
9
*
Jan
2
Feb
.
Jan
126%
8
3% Jan
Jun
73/4
37%
8
133/a Jan
2
6%
7
17
Jan
112% Mar
18
Jan
135
Jan
41% Jan
Preferred
r
Jan
Jun
47y4 Feb
.
5
par
Co—
60
23% July"
72% Dec
20
27% Jan
.24%
453/4
-
-
45%
Apr
Jan
Amer Steel Foundries-...
—No par
American Stores—.———No par
21
21
118%' 118%
>
15%
115
79
32%
16
49%
483/4
*116% 118%
119
*7514
155 »/4
153/4
-
.
22
119
77
46
30
•
Dec
IS
213/a Mar
8
20
No
News
American Snuff—
500
50
24%
139 "
-
40
80
3
Amer Smelting & Refg
470
6,800
179%
303/4
77%
•
.
243/a
.
4,500
:
166
178%
30
179%
154%
773/4
155
156
16
49%
139
•
77% -77%
155%
*29%
'•/v
*45%
/
45%
139
1783/4
•
77
'
*45 %
203/4
110
•
28
343% May 25
22
American Safety Razor
44%
Dec
96
American Seating Co—...No par
Amer Ship Building Co..—..No par
260
32% •34
33%
24
44%
♦163
31%
20%
ft.
25
*137%
31
178% 180
76%
76%
,
"
"77
45%
139
♦30
180
*24
25
*138
179%
166
20%
21
>•
V
69 3^ Jun
2
7% Jan
1,600
169 %■ 170%
45
*163
166
31
164
.163
48
48
170
45
45
447a
44%
46 3/8
1673/4
46%
168
*44
Jan
24
48% Apr
1,500
•
31%
—1
American Rolling Mill4%% conv preferred...
12,375
4,700
22%
1
36%
,
3,800
48,000
22%
1103/4 July
May
preferred————50
Preferred
20
423/4 Nov
Mar
26
Amer Power & Light—
No
$6 preferred——..
—No
$5 preferred——.
.....No
Am Had & Stand San'y
No
185
*21%
23 %
23%
21%
V
Jan
82
Mar 21
-
American
19,900
4,500
76%
673/4
13%
*182
Amer
Amer
360
,
28%
20
1833/4 Jan
-No par
—100
Mach & F' ly Co—No par
Mach & Metals—
No par
Metals Co Ltd
No pat
preferred
—;
—100
6%
■
7%
7
"
*35%
48
conv
Amer
136
47%
*47%
4,600
1,900
1,800
123/4
21
Feb
103/4 Aug
7
89% Feb 10
American Locomotive
7% preferred ——
400
/
27 ya
136
138
5%
20
12%
26%
...
66
,.
185
•
115%
6%
6%
13%
20y8
20%
*182
11,000
12%
V * 46
67%
13 Va
*182
•
33%
12 y4
743/4
•
20
32-/4
Feb
Ice
American Invest Co of 111
800
"42"!4
138
/
10
10
-
1,000
Deo
41/4 Dec
Jan
% Apr 2o
Feb
———No par
6% non-cum preferred
-.-J00
Amer Internat Corp_—>
No par
American
200
9%
50%
263/4
•
95
50%
24%
v
138
73
67
2,700
8%
24 y4
Apr
32
153/4 Aug
6% conv preferred
—————50
American Home Products
——1
50%,
*/4
115%
123/a
63/4 ."
75.:■/
13
185
89
.
66
77
68
20%
7 /
Q%
JO
*/4
46
1,100
79
9%
9%
0%
263/a
45%
*92
93/a
*503/a
25%
73%
75%
*182
■
95
.
263/a
46%
8
July
126
130
American Hide & Leather———-1
;
173/8
July
40% July
118
Apr
24
X41
American Hawaiian 83 Co——10
.
8%
51%
78
8
95
...
400
6,000
43
;
7%.
*51
*
116
*136
43
5,600
101
103
Jan
Apr
Jan
69% Jan 30
No par
700
28%
27%
101
700
22% Dec
Jan
96%
33Va
203/4 Jan
American Export Lines, Inc
Amer & Foreign Power
10,400
106 y2
Highest
$ per share"
42% Jan
—1
No par
$7 preferred——.
—No par
$7 2d preferred A—
~~-No par
$6 preferred————No par
5%
.
106%
77
8
243/4
12%
26%
135 *
47%
O i
100
52%
77
-
50%
JU-/8
,
24 S/8
12%
46%
--V
49
American Encaustic Tiling——-1
Amer European Sees—
No par
2,700
8
7%
in
*50%
,A
1,000
14%
42%
41%
10
*°%
in
6
38%
5
28
95
*9%
2,300
14%
101
8%
*92
93/4
10
.
50%
*136
--
43% May 14
American Crystal Sugar
—10
6% 1st preferred
———100
Amer Distilling • Co stamped——20
10
36%.
8
27
2,200
23%,
6
107
*51
52%
*8
95
9%
26%
--.
2
American Colortype Co-.——10
37%:
27
•
75
75
v,V7
;
7%
*49%
52%
76 /
76
•
12%
v
28
10
39
American Chicle—.
109%
353/8
5
*105
43
73/8
24%
"
6% Jun
Jan
28
—100
——
700
14%
4%
V
101
*41%
8
7%.
10
.
43 Va
43
:
:
98
115
—
105
102% Mar 26
107% Aug 30
——
210
1
36%
101
27
26%
40
f
45/a
100
22%
53/4
*13%
106%
•
53/4
35
4%
106
26
8%
.31%
•
8
8
Am Chain & Cable Inc:.
-No par
5% conv preferred——
100
2,200
•
19% '
*108
36%
.
%
106%
>4%
106
77
*50
53/8
35
52%
*76
'343/4
v
353/4
35
i
100% 100%
*50
*9J/2
35
343/8
83/a
*93/4.
109
*13 ®/8
44 y4
*95%
22%
109%
5%
27%
r
22
*109
4%
8
8
22
14%
101
*43%
132%
30
193/a
19
109
35 %
106%
*100
*131
19 1
22
5%
V *135/s
5
4%
132
i
109
33%
14%
106%
115%
19
534
36
36
131%
35
5%
5%
*13%
*115%
22
*107%
36
35
r
125% May
29»/2 May
American Car & Fdy ——No par
7% non-cum preferred-—100
1,100
130%
115
*18%
ll3% 113 y4
116
19
Preferred
180
4,800
29%
21%
22%
*22%
115 :
131%
1,700
54%
30
183A
-
99 %
*114%
1163/4
131 %
19
18 3/4
16,500
189
29%
293/4
131%
*115
117
♦ii5y4
98
54
113%
113%
113
11%
preferred
share
14%
2
3% Jan
—No par
—100
Amer Cable & Radio Corp——— 1
American Can
—-23
5%%
15
8
.
20
134
189
53%
52
52%
293/4
293/4
29%
99.
190
190
.
190
96%
97
96%
97
189
53%
113
43%
133
99
54
16%
163/4
43
42%
42%
42 V*
190
190
153/4
16
15%
.
V
133
*132%
103/4
ll3/a
11%
98%
16%
42%
433/4
*78
1,600
Jun
493/4 May
23
Am Brake Shoe Co—
3/4
16%
43
78%
*78
31%
31
303/4
31
7
2
Amer Agricultural Chemical-No par
American Airlines (new)———8
American Bank Note
10
6% preferred————*—50
American Bosch Corp—
>-1
30%
30%
30%
30%
24
S per
113% Jan
Corp.—No par
30%
583/4
$ per share
38 y8 Jan
Amalgam Leather Co Inc———1
6% conv preferred———.—50
800
47 y8
*46
47%
*46
47 Va
1,800
Year 1944
Lowest
99% Jan
...»
1,300
5%
5%
5%
20% Jan
Allied Stores Corp.—.No par
5 % preferred
—100
Allis-Chalmers Mfg—
~-.No par
4% conv preferred
100
Alpha Portland Cera——No par
400
273/4
26
26
5%
108
108
109
1073/4
31
*46
45%
45%
*110
5%
$ per share
Par
*
6,900
120
Range Since January 1
Highest
Lowest
.
200
473/4
118
116
116
.
1013/4
47%
Range for Previous
STOCK
EXCHANGE
7,400
30
29
1013/4
45%
117%
25%
*116
118
*116
Shares
$ per share
273/4
100%
45%
"
26
26
the Week
*100%
28
27%
,100%
28%
28%
*100%
NEW PORK
Sales for
Aug. 10
t per share
share
S per-
I per share
share
Friday
Aug. 9
Aug. 8
Aug. 7
Aug. 6
I per
Thursday
Wednesday
Tuesday
Wtonday
Saturday
Aug. 4
Monday, August 13,1945
114
112
1203/4 Aug
May
14% May
25% Aug
Oct
20
Dec
26
7
Jan
13% May
Jun
22
66
Apr
233/a May
7
14%
Deo
84 y4 May
15% Nov
161/2 Jun
102
6
3% Jan
0% Jun 28
Dec
'
26%
26%
21
*173%
J
T
313/4
(
32
53
183/4
19%
*37%
42%
25%
24%
26%
263/g
273/a
18,800
19%
21
19%
21%
20
22
48,000
32%
31
32
31%;
34
18
173/4
18
30%' 33
173/4, .■'1.8%';
75
75
73%
30%
31
27
*75
27
*52%
i
-r
25
20%
173/4
•
75
26%
J
'
25%
193/4
193A
75
—
25
33%
30%
21%
323/4
>
•75%
29% V 30%"
*25%
:■
*
,27
*52%
53
*26
52%
■'
52%
*i7y4
18
13,100
.
■
i
100
74%
74
32
333/4
33%
34%
26
26
26%
263/4
53
52%
52%
40
*52%
600
see
54
25
Feb
19%
5,900
Barnsdall
19
19%
19%;
183/4
19%
17%
19%
6,100
38%
38%
38%
39
1,300
42%
42
42%
42
42
1,000
*106%
108
*108
110
20
Bath Iron Works Corp—,
.1
Bayuk Cigars Inc..—.—No par
Beatrice Creamery—.—
25
$4.25 preferred
—No par
12
2,900
42%
42%
42%
19»/4
18%
*106%
40%
*39
*112
120
page
11%
691.
Jm
108
12%
12
12%
40%
89
39
120
*113%
120
108
11%
*38
*114%
108
12%
40%
119%
11%
*38
*113.
40%
119%
Oil
66
16 3/a Jan
Co————...5
Beech Aircraft Corp——————1
Beech Creek RR—
—————50
_—Beech-Nut Packing Co——
—20
20
•
36
,
4
,
2
173/4 Aug 10
32% Jan
19
Jan
Jan
Jail 23
106% July - 3
9% Apr 25
-
36
114
Mar 17
Jan
20 '
28
Jan
11
153/4 Jun 28
40% Jun
124
6
May 29
Dec
14% Deo
68 y2
21%
Apr
23 3/a
12
J an
18
Dec
Dec
July
~
14%~Sep
18% Mar
143/4 Aug
193/a
25%
Feb
34 y2 Nov
Jan
38
Jun
111
31
110
23%
Jan
60
44% Jun
14
133/4 Dec
*
9% Jan
22% Mar 7
May 3:t
40
26% Dec
Apr
5%
9%
■■■;.
Apr 30
38
108
*115%
For footnotes
9
19
12% : 12%
*39
50 % Jan
38
42%
'
108
.50
5%%. preferred——
19%
18 3/4
79
3
373/4
i9ya
Mar 27
Jun 21
7
19%
.
23
17% Jan
37%
18%
31
29% Aug
19 3/8
.
.12% Jan
—10
38
19
26
44% Jun 22
18
6
28%-Jun
July 13
44% May 16.
31
May 4
Barber Asphalt Corp—
7,200
.
30% Juir
22
31
Barker Brothers—No par
100
75
9
11 % Jan
19% Jan
243/4 Aug
Baldwin Loco Works v t C
—13
Baltimore & Ohio——.——100
4% preferred—
,..100
Bangor & Aroostook—.
—50
Conv 5% preferred—..———100
105%
,73/4
31
111%
Dec
Dec
Oct
Jun
143/4 Dec
Jan
38
Dec
Jun
121
Nov
yolume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4411
LOW
AND
$
per
S per
share
21
l«J/a
*105'/2
I '$:■
106
49%
50
23%
19%
20
18
18 3/8
18 3/8
106
;V.'
106
;
48%
•>
55 %
49%
23%
n
143/8
24%
23%
55%
*54%
49%-
'■
A
Aircraft
Bell
&
70"
4,800
Bendix
1,000/
lVA,
Beneficial
55%,/
*54%
preferred—
Indus
23
23
23 %
23
23 s/a
19%
20
193/8
20
19%
193/4
23
23%
23%;
193/4
—
20
20 3%
1,700s
Best & Co—j—
5,200'
,
Best
13
10 Vs
Jan
24% July
2
10%
Jan
17
Jan
15
108'
July 17
55% Mar
6
25
54
July
July
Jan
17.„
Jan 22
*
49s/»
Dec
207/a
Dec
./
56 V2
Jan
15%
May
*
533/4 Nov
56% Jun
5
22% July 26
13
153/4
Jun
19% Jan 12
—1
-
Apr
33%
$ per share
-
213/b Jun
Aug
473/4 Jan
o
—No- par
_
Loan
"
23
23
16% Jun
2
7
105/
$2.50 div series *38-No par
Highest
f per share
123% May
12% Jan
;
100
Aviation
Pr pfd
S per share
18
1
_-„10
1944
Lowest
Highest
$ per share
No par
Corp
Howell-Co
4%%
Year
Range Sincei January 1
Lowest
Belding-Hemlnway
Bell
•>
.
24%;
24
55% A
v
8,200/
v
50Vb : ,51
•>:
24%
*54%
105
105
493/4
24
24%
55%
-
106'/a
100
:
'19
18%
Range for Frevloul
STOCK
Par
1,500 A
20%.
19
18%
*105
49%
49
■
/,
20%
18%
v1
13%
13%
14
193/8
%'
A 1063/4
*105
*54%
24 %
*54>/a
*133/4
*133/4
20%
18
A
143/8
193%
21%
YORK
EXCHANGE
Share$
# ner share
$ per share
NEW
the Week
Aug. 10
Aug. 9
t per share
share
Sales for
Friday
Thursday
Aug. 8
*133/4
14%
*13%
■■•18%
STOCKS
PRICES
Wednesday
Aug. 7
Aug. <»
$ per share
SALE
HIGH
Tuesday
Monday
Saturday
Aug. 4
T 20y4 July
66% July
':•
x26 Va May
■
78%
>
763/4
"19%
141
763/4
77%
80%;
•78%
791/4 >
78
763/4
142
79
141
:
142
*141%
55
54%
54%
55%
57
58%.
273/4
■>'
1
Bethlehem
13,600
59%
-
142
*141
141%
140%
143
__i—;„i_„
Foods
500
1%
Steel (Del)
preferred™:
,„A'o par
100
65
Jan
127
Jan
48
Jan
23
No par
23
Jan
2
par
13% Jan
22
i
5
20V4 Jan
20
No
par
18% Jan
2
•
I 82% July 12
;2
No pat
2VA Jun
23
2
Jan
56%
Jan
19
115%
Feb
613/4 May -1
29 Va July 16
37%
16%
Feb
73/4
Jan
146
Jun
130
Dec
'
*
*54%
55%
*54
273/4
273/4
27
27%
27
27 %
27
27%
27%
15
15%
143/4
14%
14%
15%
14%
153/8
X15%
*23%
23
24%
*20 %
23%
*20%
20%
"23
22%
22%
Black & Decker
Mfg Co
6,500
23
700
Bliss &
280
-,
Bloomlngdale Brothers
20%
^20%
20%
900
>
Blgelow-Sanf Carp Inc
16
23
23
20%
20 %
20
20%
700'
■
Blaw-Knox
Co
—No
__
Laughlln Inc
:
-
•
16% Jun
26
-
*111%
112
111%
112
233/8
22%
56
56
56
56'/a,';
237/a
213/4
23%
56
23%
57
*56%
22%
57%
58
58
"
Blumenthal & Co preferre<}____-_10Q
50
,
22%
r:
24%
24
112
*110
112
*110
111%
20,000"
>
Boeing Airplane
Bohn
500
...
10
Jun '21
Xl08% Mar 26
Jan
„™5
__
17% Apr
24
29%' Jun -27
12%
22%
Dec
20
-
Dec
"
109
Jun
49 V2 Jan
2
61% Mar ■" 8
45
Jan
Aluminum & Biass
Dec
Oct
"
5
Co,
Oct
Aug
15
14 % Mar
93% Mar
23 V» May 29
111% Jun 14
'
*111%
26
51%
25 Vb
'
Jan
19% Nov
-
52%
Jun
98
Dec
-
1053/4
•
105%
105
58%
A-
*105%
«
;
*120
136
*105%
*V%
393%
40%
41
22
>
21 %~
21%
21%
52%
*51%"
200
AA
130
413/4
/'
52%
6%
7/4
1,400
22 3/4
22%
23%
51%
51%
12%
12
12
12 %
123/4
40%
41%
40%
40%/
.41
503/4
*48%
107%
1073/4
107"%
107%
26 3/e
27'/a
27 %
*49%
*107
50
:
*48%
5
17% Mar
,2.50
Inc.*
4"t
,15
Jan
4,700
Bridgeport Brass Co,™,,
No par
103/4 Mar 27
43 %
A>
5,500
Briggs, Manufacturing
No
par
41%
413/4
:
300
33/a
Jan
-
37%
Jan
*
Briggs'& Stratton
No.par
700
Bristol-Myers * Co
." 3.3/4%. preferred,,,-,
50
x50%
X51%.
"107%'
503/4
108
'
280
r
49% Jan
5
A
,
__.t_100
106
No par
.
21
•
-
40%
55
*53
55
*24%
July. 26
108
124%
1243/a
'
27%
15%
25 3/4
;
14%
14%
86a/4
"-"85%
1,230
153/a
15%
>;15%
16%
163%
5,600
Budd
265/a
265/s
>"28
28%
28
23 Va
;->-:■
1,000
Buffalo
22%
22%
23%
23%
23%
'\>
1,100
Bullard
59%
60'%
61
1,300"
Bulova
Watch,.
243/4
24%
247/a
5,900
Burlington
16
p
86
85%
86
16
16%
15%
124
"
124%
*123
30
153/4
123/4 July
-
;
443/a Aug
50 - July
Jan
"
Jan
53%
Oct
22 %
40% Jan
July
Aug 10
2
25
-
15
86%
15%
86%
5
15%
,
87
21,900
22
*125.
Jan'
N6 par
lQVsJan
2
-17:
743/a Jan
2
87
10
Jan
2
...'
3
>
30
49%
Dec
Jan
253/a
Dec
8 Vs
Jan
14
'
Deo
Jan
129
*
Dec
116
18 V4 Jun 26
22 V2 Jan
sjan
17 V4
Jun *26
No par
,
393/4
v./ 29-% Apr 24
: 17% Jun '23
Jan
120
*
>14% Jan
32 Va, May . 7
59.ya Jun ;26
r
123/4 Mar 27
A
.
"
/
85 %
124
"
125
14%
Jan
45
par
8
-,,100
Co—1
*124
14%
No
Forge Co—
22 %
124'%
14%
15
Bruns-Balke-Collender,,,
2
23% Jan
No par
—
1,300
3,600"
;
15%
Bucyrus-Erie Co
7% preferred,,,,,
Budd (E G) Mfg
$5 preferred
14%
Jan
'
p;
86
143/4
'
14%
Brown Shoe Co,
100
>A
26
.
Brooklyn, Union Gas™.
2,800
55
*52%
.
25
143/4
27%
27%
•
.
24
24 %
14%
>
26%
A *52% >55
55%
H 24
24%
14%
124%
15%
Jan
,
Oct
*
'
;
27%'
*53
55%
*24
25
15%
8%
•
Dec
21% Aug
53
Oct
-
Feb
27
*39
44% May 29
47
Feb 2(J
17. > 55Vt Apr 24
J
*
27%,
27%
45
<; 123/4 jan
52
July . 6
-13% Jun 26
,
40 Vt Mar 27
12 %
417/b July
7% July
8
Mar
Oct
34%
*
Jan
373/8 Mar 27.
4P/4
117"
*
34%
26Vt Julyi 2
9
41%
*107 "107%
107%
'
X50
-95V4 Sep
8
18
-
->10% Jun
15.
12%
41%
50
•
44V4 May
Jan
109% May
28% Jan
39s/a Aug 10
5
5 V4 Apr
'
41%
*40'/a
,
Brewing Corp. of America
5
423/4
'
.41
Branlff .Airways
1,700
3
42 V4 Jan 24
5
4,300
*136
Jan
36 V2 Apr
'
40%
12%
41%
41%
Co
July 10
May 29
-
Apr
46%
Aug 10
59% July 12
-
33% Apr
{
88%
-106
/ 28
114
>
_lo
<
Roller Bearing
Bower
400
■■■•"*.
(The),
19
3
24% July 20
12%
123%
403/4
*41
Borg-Warner Corp,,
;
L.—5
Boston. & Maine RR .(assented)_100
■-••
52%
21%-.
*51%
-100
Borden Co
4,500
;
7%
>46
46
46-
l
52 Va Apr
6,200
•
Feb
95
1
preferred
4V2%>
-
Inc;' (new),™
par
i
„
Class "B
Bond Stores
100
39%
41
class A.
No par
No
Bon Ami Co
20
2,800
::
-
7
*44'/2
45%
*51%
52%
;
39%
41%
7%
>
:
58
273/4
130
x383/s
40
40 3A*
7%
*43%
>■: 21%
22
*51%
7%
433/4
;
..
136
X39
39%
40%
7%
43%
7%
46
•121%
136
38 3/4
106
58
26%
58 Va
.
26%;.5 27
26 %
*120
383/4
41
403/4
*44%
•
106
1053/4
*58 /
58%
26%
136
39%
39
1053/4
*58
58%
26 >/•'•
26
> 26%
*122
106
*57
58%
■
26
'
5
*
•
5%
Aug To
12% July
47%
'
Jan
Jan
77%
Dec
11%
Jun
22%
Dec
'■
*25%
•
26%
26%
26%
223/4
223/4
22
22%
59%
59%
58%
59
23%
23%
23
23%
'
59
58
23%
23%
23
15
15 %
*58%
-
.16%,
-
Wheel,,
"
15
153/8
153/a
93/4
/'
9¥4
■'
95/a
63%
*613/4
62%
623/4
18
18%
18 y8
18
*107
>■
109
*107
•
109
47% Jan 24
.,1
203/aApr
Corp™
Adding Mach
,,_10O
90".:
Bush Te?m Bldg 1%
Butler Bros J
3,700
■.
4;% %
preferred
3 5/e
16%
16%
16%
943A
93
25%
25%
25%
30 Vt
303%
30
30
55
55
55
>
3%
3%
3% >A 3%
3% a
•
16%
93
25
>
163/a
16%
17
; 17
94
93
93
*93
94%
26
*25
26
*25%
26 %
31%
55 A"A
31%
32%
*55
*25%
:
Butte* Copper
300
17%,
93
16%
943/4
*3%
80
800
-
No par
I
•
13/4
-1%
1%
6%
6%
6%
22%
227/a
22 Va
> />■.'
55
55
1%
ls/a
6 3/8
6%
6%
6V2
6 5/8
22 >/4
22%
'"22%
25 V«
32%
32 Va
"w"
32 s/s
33
32
32%
115%
116
*115%
lie/-/
*47 y4
49
*47%
>
32 Vt
A 26
347/a
34%
3,500
63A'
6%
25
.
'
•
100>
r:'
l5/a
1%
13/4
22 S/8
"
California Packing™
>5% preferred
2,400"
56
r"
1%
P/4
303/4
30%
30%
/>•: 55
8,400'
4:
4,100
>
A 3,800
A"
35%
■
*
16%
16 »/4
*53
15%
13
54%
54 /
131
54 Vt
16%
*523/4
54
12%
*53%
123
123
*122%
35%
*34%
*35
*116
:
116
116
15 Vt
13
13 Vs
13%
13%
13 Vs
54%
54%
54 Vt
55 %
35 J/4
* 35
>
35 Vt
*35
Vt
31,200, k
55
15
23 %
24 Va
62
62
*59%
>
*
;
35%
35%
247/a
35%
v; >
6%
*6%
38
164%
6%
63/a
37%
38 Va
*162
;
62
37%
164%
253/4
59%
64 «?>;:;
25 3/4 '
A
64
...
37%
37%
•
63
63
47
.;
*105%
62
63
61%
62
613/8
47
45%
47
46
46%
45% >48
106%
*1053/4
150
150
150
106%
*105%
*150
150 Va
16
15%
15%
15%
20%
20%
203/s
223A
15%
>■:■
22
6
6
113
*15%
33%
113
15%
11 Vt
*30
/
•
11%
10 %
163 »■>■
*161
*161
16%
20 Vt
22 Va
6'/8
6Va
*22%
23%
22
22%
33
32
32%
'
-
32
:-:
17 '/a A,':
3134
15
Central
111
11,
Jan
5
52
Mar 26
.
300
2,800
14%
*14%
34%
34%-
103/4
11 Va
11%
11%
X22
163%
162
x22
22 34
34%
35%
"
23
,
173/a
Deo
96
Dec
25
Sep
3/4
•"
Jan
•
Jan
30% July
57 * Nov
4~7>a
>
-
44% May
171
*
.
104% May 15
*110
Jun
„Jun
2
-
18% Jan
5
:
5
Oct
4
33 Va
-
39
Jan
19
2
73/8 Jun
115 % Feb
23
13
20% Jun
18
38
14
Mar 26
25
10% Jan
22
33
Jan
24
Jan
Jah
2
Jun
107
15 Va
A
19 Va July
23
July
4% July
114
Sep
Apr
Apr
7%
Jan
15
8
18
No par
12%
'
Deo
23
30%
Feb
4%
Apr
9
Jun
May
17% Apr
134
Nov
23
Dec
31%
Deo
:
.
25
Mar.
39
Jun *16 A;
7/
37 V2
57
Jan
'
*
28% Jan-
'
11% Aug ,10
""164
Aug
1
38% Feb
-
A
2J% Mar 28
,_No par
July 13
Mar
28% Nov
*
A
Jun
"
Jan
203/4
Deo
129% Nov
Jan
,
8V2
Jan
'106
A
Nov
2%
18
16
July
40 Vs
*
4% Jan
10% Apr
Deo
54
Jan
17
Mar
152%
:
>
Apr
11
Dec
Dec
-
'".A 65
Dec
53/4 Oct
96% Jun
113
,Jan
10
109% Jan
Deo
Dec
Dec
*
223/a
*
*
Jan
31%
-
18% May
7
/ 213/4 Jun 13
24 Va Jan
54 Va
Jun
33
Apr
143% July
44% Jan
A
20 % Apr
•
'
*
183/a
14
2
~
*119
56'% Nov
5
153
Jan
14% Jan
' ' 11%
;
Jan
'27%
*-•
7
25
6% .Feb
43% Jan
.97"
8
May
52% Apr
7 ;
129
Dec
12% July
51% July
'
7
AA '7% Jun '27
3
Jan
Apr
v
,May^l
May
S3/a
42%
:
5
34 Feb 20 u
74
2
Jan
Jun
37% Jan 15
No par
Dec
;{ l 35% Deo
*33% Jan
.Apr "24
Jun
73/a
21% July
23% Feb
28
IV*
A '
;
6
May
15 V*, Jan
Aug T6.. A
38% Apr
~3% July
-533/4 Feb
27
100
Champion Pap*& Fib Co
.1,400
Feb
9
69% Jun
*-
a.
Deo
'
'
17 A
30
35% Jan 26
J,
preferred__100
Chain Belt Co
400
.
*15%
Apr
23
39% Jun '28 A
1
Century Ribbon Mills
70
-
223/4
AA
34%
32%
32%
164
Aug
152
Cerro de Pasco Copper,,,—No par
Certain-teed Products
1
A 6% prior preferred
,,100
224,900
Deo
>
Jan
24%
Apr
Feb
'15
Mar 26
Central Violeta Sugar Co
2,700
»
70%
67%
55% Mar- 1
'130 3/4 May , 2 V
2
>-5% Jan
—20
NO par
1
:
•
12 % Apr
,
Apr T8
57
21A Jan 22
127*
Deo
'
20
6
No par
i
4%%
Lt
Apr
473/4 Jan 22
tCent RR of New Jersey,"
900
34%
161%
23%
*32
16%
>
^2%
19% Jun 116
2
32
Jan
"53
23
116 3/4 Jan
—1,100
'—No par
2d preferred
Dec
83
"
Jan
A 61
8%
No par
No par
Central Aguirre Assoc
Central, Foundry Co
'
11
*22%
*32%
720
50
14 V4
161%.
161%
>7 %
Celotex 'Corp,^,
5% preferred
2,900
33%
16%
10 3/4
11%
10^/4
100
1st preferred-
$4.75
-
Jun
9%
•'
118% Mar 17.'
8
4
48% Jan
"
33% A 34
163 ?£
v
1,140
-
50
Apr
26
l*.
24
Jan
™1
25
Caterpillar Tractor
Celanese Corp ol Amer
160
31%
16%
31
.
3,900'
111%; 111%.
112
16
33 >
>
6%
53/4
30%
*14%
A
20%,A
217/a
16
15%
100
22%
16
34
IO534:.:
152
20%
30
34
105%
/
152%A>
16% A
16%
15%
16%
A
16 Vt.
112
>
.
16%
34
:
6
113
323%
•30
A
22 Va
22
22%
5%
*1113/4
6%
3,900
•
20 %
20%
113
49
A
-43%
2
•
*
47,
i-_10
—
Preferred
30
3,400
22
15%
20%
6Vt
48%
:
64%
15%
16
22'4
62%
Corp L
preferred
Carriers & General Corp...
Case (J I) Co
1,100'
4,100
*
150
150
20 y4
>*111%
,
>
39'/a
106%
*105%
107 Va
150%
200
7,800 >„Carrier
600
4%%
161
161
v.A
63%
"
6%^'
6%
37%
38%163
*161
163"
*61
6V4
6'/a
6%
-6%
37 Vt
163
164%
24
62
*59%
3
56
4
113 % Feb
>>
Jan
34
>
Mar 26
Jan
Jan
*
27VtJun23
-
2
31"
f
/
20.% Mar
*
*
:
Dec
15%
Jan
4
4V4 Jun '19
*
24%
24 Vb
24%
20
6% Apr
Carolina
Dec
493/,
>
54
* 101% Feb 28
*
100'
210 A
1
24'/a
,
>
3
Jan
20,
par
20%
'1093/4 Jun 12
22
1 % Jan
Capital Administration class A-,1
$3 preferred A
,10
Clinch & Ohio Ry—™100
Carpenter Steel Co__.
__u.—5
3,500
A
>:
120
A 119
122 Va.
^
54
.*53
No
-
19% May- 9
-
22
Jan
53
-.
Mills
Jan
27% Jan
No par
—50
Callahan Zinc-Lead
,_1
Calumet .& Hecla Cons Copper.
5
Campbell W & G Fdy
—No par
Canada Dry Ginger Ale,
5
$4.25 preferred :
No par
Canada Southern -Ry, Co
_i_100
Canadian Pacific Ry
25
Cannon
..
137/a
13%
•
121%
123%
123%
16%
15%
*54 V4
-
-
12%
July-13
,-.72% Jan
22 V4 Mar 26
'
54
54%
123%
100'4
>.
50
*47%
163/a
*53
54
A'
50%
15%
15%
*53
*116 A" 117%.
117%
*47%
49
*47%
49
6
92
,
1,100
No par
"
*53%
IOV2 Jun 27
'
&- Zinc^_
Byers Co (A M)
Participating preferred
Byron Jackson Co;
2,300
*
18'/8May-17
>85
105% July 26
33/8 Jan
2
•
'3%
35/e
3%
'
26
/.14% Jan
—100
s
2
Feb
59% Mar 27
10
1
25
Jun
•
Jan
16% Sep
31
May
> 25% Jun 26
68 '
'
125%Jun,l
78
prefejrred^lOQ
7% Apr
•17
16
7% Mar 28, '
——1
preferred
Jun
6
137/a Jan
No par
Terminal
6%
108 Va
*107
108 Va
Mills
par
Burroughs
v>
18%/,
185%
No
I.
1$% Jan 22
Bush
70
64% A 64%;
f > 183/s
No par
7,400"
-
8i ■>■:
8i
par
1
1
4,500-
'
10
93/4
>>
64
*107 >
163%
15%
9%
82%
:>.S; 62
18
•A
153/4
9%
82
18%
109
15
9%
833/s'
18%
*107
9%
*821%
63%
'
.
,
82
82
63%
>
153/a
9%
83%
*82
*
:
No
3
•23
Jan
"
'
•
*55
57
55>r
*153/4
16%
15%
50%
49%
55
15%
50%
>
:
505/a
9%
9
203/4
9Vb
273/4
40%
8
21 Vt
20
8%
9Va
*15%
49%
83/4
20 3/4
163/a A
493/8
51
■•:••", 7%
9
A
-
:
8%
'>21%
66%
8
Va
9
■>•
8 Va A 9
28%.
8%
273/4
273/4
27%
393/4
39
39%.
.38%
42Vt
63%
65%
21
213/4
22
25% &
25%
25% A
65%
64
21%
21
243/8
24 %
*51
53
57%
*18 >
19
*51
.
57%
;•/
;65
:
24%:
18
18
53%
57%
18'/a-
*57%
*17
A
•
>
*6%
108 V4
47%
213/8
*363/4
*102
/
*16%
63/4
108%
*95
*110%
*46%
:
33
6 5/8
6%
106%
106%
108%
48 Va
48%
48
485/a
•
21%
213/4
21%
21 Va
38
*36%
•
38
*102 >
105
11
.
51
50%
51
190
*175
99
99
111%
*46%
*107
"
111
111%
47%
47
107%
111.3/4
50
Ill
107%
A
-*99Vt
100
*56%
59
17
7
2.000
33
20
112 Va
21%:
37
Vt;
105
*175 -
■_
v;
48
100
A
112
,
■
1,500
*107
;
>
20A
>
48
...
107%
1,300
-
48
70'
A
500
>
>
107%
■
'"
•
*99 Vt
100
*565/a
59
363/4
37
40%
40%
*99%U00
.*98%, 100
*98%
99 >4'
*56 Ve
.
59
148%
36 Vt
148%
>
59
37
40%
403/4
*148
36%
*48%
149%
*148
*56 Va
363/4
.
36%
59
C
36%
373/8
40%. ,41.-?
41
*148
149%
.
'
413/4
*148
149%
'
1401/2
64%
140%
65
*138
64%
*1000
64 Vt
>1000
35%
*40 Vt
*111%
'28 Vb
41%.
113
33%
*41
*111%
28%
139
139%
64%
33%
411/4
41%
113
*111%
34%
113
x27Vt
273/4
27%
40%
39%
35
34%
34%
*33
34%
*32 %
34
*32%
34 Va
see
page
691.
,
42%
142
3,800'
1,900
>
10
1,000,-
65
300
35
1,800
113
*112 Va
113
'
34%
A
*111%
*111%
113
28%
28 Vt
283/4
41
42%
350
35%
35
36
220
34%
33 Va
34%
*34
t
^
Class
A
(The)™
-
:——:
>
2,400;
60
conv
non-cum
Jan
4%
non-cum
7Va Mar
"""
25% Mar
>
303/4 Nov
153/b
Feb
21%
Deo
16 V8
Jan
A> 21%
July
38%
Jan
49 Va
Nov
Apr ,16
47
Jan
13
*19
A 58 3/4
.»
65 Va
July
4% Jan
8% Feb
19
29%• Jan
36% Jan
18
24
18 % Feb 2i
Jan
91% Jan 24
42 Va Jan
-
2
20% Jan
2
31
Jah
2
98
Jah
2
49
170
Jan
26
Jan
186
.••
3
17
2
35% Jan
40 Vb
Jan
5
40% Mar
44 % Apr
May 31
62% Jan
2
142
130
65
I
Jan
Dec
'
185
Jun
A
Jan
37%
92
: 90
A' Jun
115%
Jun
A
96 "
A
'
30% May
6 *
*
34%
145
Jan
109
>
:52% Mar
27
Jan
A" 45% Jun
Apr
Mar.
~
May 31
', Aug ,* 3
51
>
Nov
106
:
2
.
Oct
Jan
'
Jun ,30 :
151
96%
10%
Jan
76
Deo
A-
A
Feb
110
543/4 May 14
9
Apr
Jan
148
19
'
140
25 Vb July
31%
Nov
353/4
27
57% July
>
Jun
50 Va July
""
6%
Oct
July
98%
25% Nov
95
Jun
6 3/8
30
Feb
143/4
'
May .15
.100
17%
May
,
-
1
110% Apr ,18
July 10
34% Jah
Apr
114 Va--Feb
NOV
July
"
"
Mar;
,;i05
22
44
107
60
,»
*
773/4 Feb
133/4, May 18
2
89
'
Jun:i9
105
Feb 20
109% Jan
15
43Va Jan .18
27
Jan
A 23 V4 Jan
A
2
9% Jan
1173/4 May 29
." 53 Va Jun .21
57
19 V*
Jan
14% May
1% Jan
"16
A
>'
"
*
Aug
53% Oct
38 Va Mar
"
39% July
Apr
"
152
Feb
July
"
111
v
22
.
146% July
Feb
59% July
A
67 Va Jun
'
36% Jun
"28
-23%
16
'253/4
32% Jun
9
19
109%
Apr
Feb
143/4
Apr
23
50'A. Jun
19
113/4
Jan
2
46% Jun
20
12%
Jan
2
46%.Jun 20
13
Jan
110% Jun
No par
100
preferred—100
2nd preferred—,100
2 33/a Jan
6
23
Jaii
28 V4 Jan
28 >
253/4 Jan,
33%
Jan
45 V4 Jun
100
1st
4% Jan
A? Jan
7
15% Jan
No par
Southern,—
A%
Deo
18% Mar
19% Jun * 8
54
par
31 % Feb
Colo Fuel & Iron Corp
Colorado, &
"
*
43%
27% Mar
543/, Apr
34% Jan
preferred
Deo
9 Vb Mar
'
-53% Jan
No
Jan
21V3
26
par
par
par
14 Vb
50%
"
18
>
A 24% May 29
Jan
No par
A
A
Sep
11%
>.
463/4 July
Apr
Sep
A 76% Jun
par
Colgate-Palmolive-Peet
18
22
:_,50
No
12% Jun *18
543/s Jan
>49
No par
NO par
Apr
53/4
18
Jun
A 34 V» Jun
2
100
Coca-Cola Co
44
.
26
93 Va Jah
Preferred
5%
41
*35
Climax Molybdenum
Gluett Peabody & Co
26
49% Jun
:__50
gtd
stock-
Collins & Alkman
113
27%
-•
gtd 4%
2
18
Coca-Cola International Corp No par
*1000
34%
39 Va
393/4
343/4
..
27%
39%
36%
•
65
643/4
*111%
41%
41
41
141%
140
*1000
34
*35%
For footnotes
*64
64%
*1000
35
138
139
37%
149 Va'
Special
■'
27% .Jan
^11
Feb
..;
2
12% Jun
22
25% Jan
22
,100
i
Clev & Pitts RR Co 7%
A
"
*56%
preferred,,™,
22
19% Jan
Clev El Ilium $4.50 pfd
*-No par
Clev Graph Bronze Co (The)™
1
5%
Jan
,.19% Jan
City Stores—_—__——i—A—5
Clark Equipment—
No par
C. C. C. & St. Louis Ry. Co..—100
.
5% preferred™^
.,100
*
.
17V4Jun
54% Mar
:
22
5% Jan 22
24
•
-
■
A
^
A;
190
*99
112
,
15 Va Jan
Chryslf- Corp
5
7,900.'r C I T Financial Corp™,^.—No par
1,400.
City Ice 81 Fuel™
/vov-|t«r
AA
190 A City Investing Co—,——No par
5%% preferred
*—,,,100
%_
Jun'22
"
No par
25
Chile Copper Co
;
*
par
Cotton Oil™,,;—.—110
tChilds Co—
5
6% Mar 26
12,500
11
>
' Chlckasha
200
53%;
100
4
68
'
47% Mar 27
1,100
—5
.
llVa
190
467/a
>
18%1a
5034r >
*36 5/8
;'5% preferred wi
Chicago Mall Order Co
Chicago. Pneumat Tool
3
14 Va Jan
5
No
t-.-$3 conv preferred
NO
Pf pf ($2.50) cum div,—No
200
Chicago „Yellow Cab
—_N(J
57%
50
*104
112
*107
:
A
7,700
1,400
1,900
53%
*99
47
*107 :
:
-A
A
"
21 Vt
37
112
.
66%;
11
*175
.
-
2,200
14,500
53% 'A
10%
*51V4
190
A
>
105
*102
;>
iio3/4
,
213/4
36%
...
*31
M
213/4
11
100
6%
7
47%.
■
»
105
51
*99
47%
107%'
'
38
•
*10 3/4
*175
>
112
108
*36 5/a
*102
11%
50
12
106%
*16%
16%
33
*31
'*.:■
99
*107
*31
6%
f/A 16%
16%
■
48
200
*175
33
*16%
63/4
.21%
> 105
*11 Vk
50
17
*31
7
19
32
:
>'>'
17
iv
42 3/4
53%;
*52
*52
•>,
>63 %
"
*17
57%
*17
39 Vt
*57%
53 %
„*51
*57%
*
17%
-
27%
28%
'
21
24%
53 %
*57%
V-
6,600'
22%
24%
62%
203/4
25
4,800
'
A'"..
8%
27%
21%
*57%
A.
Jan
41,
5
Chesapeake &>Ohio Ry—
.—25
Chic 8c East 111 RR Co
No par
Class A
—40
Chicago Great West RR Co—A
50
- 5%
preferred,
:
—50
Chicago # Northwest'n w i—No par
3,100
38 Va
41 Vs
Chesapeake Corp of Va.__
19,700"
9Vt.
21%,
20
Checker ,Oab Mfg
100
A
5134
50'/a
A'
1
500* A
"
27%
28
*24%
*16%
16
>"--*15%
>A>
85/a
20%
20
56%'
56 %
553/4
50s/a
f
20%
9
"553/4
*15%
16
8%
*20%
66
55
>
2
2
*
115
,Jan
<:
Dec
*
38
Sep
*
Dec
26%
Dec
29 Va
Deo
30
Dec
27%
pec
A 116
"
*
'
V<"lM
^ J
RECORD
NEW YORK STOCK
LOW
$ per
HIGH SALE PRICES
Wednesday
Aug. 8
Aug. 7
Aug. C
$ per
$ per share
share
37
37
37
"
7
7%
7
103%
103%
103%
.
v
•
103
102
103
110
109%
109%
23%
*22%
23 %
22%
*22
*50%
51
50%
50%
*50'
43%
43
43%
105%
*105
105%
43%
105%
22%
15%
16%
16
153/4
16
50%
443/4
10o3/4
*105
1053/4
161/4
16
16%
5,800
15%
61,000
1%
1071%
l3/a
1%
105%
105%
1071%
x30%
30 3%
301%
30 3/4
11,000
35%
1%
1%
35
x38
36%
400
39
35%
35%
35%
35%
28%
28%
28%
28%
28%
29%
29%
29
28%
2,200
28%
34%
333/4
333/4
35
35%
500
34%
34%
104%
4%
4%
31%
30%
107%
107%
41/8
4%
4%
1041/4
4%
41/t
43/a
4,800
303/a
30%
29%
30%
30%
30%
14,000
107%
107%
*107%
1073/4
107 3/4
1073/4
500
-.4%
*4%
4%
4%
43/4
1,600
1,600
4%
4%
31%
107%
'
31
107%
v
4%
12%
-
v
35%
35%
21%
12
35%
34%
35
341/4
36
21%
283/4
20%
21%
28%
28i/4
19%
19%
28%
20%
22
21
21% 77
*21
20%
*22%
22
112%
111%
*99%
9%
28
:
yv
35%
361/4
Consolidated
203/a
213/4
11,000
Consolidated
Vultee
28%
28%
600
*193/4"
20%
21%
1,400
500
112%
370
Consumers
43
107%
11%
12%
50'A
49%
49%
11
10%
11
31'A
llVt
313/4
30'A
31
331/4
33%
33
33
v
■:/
1
11
16,900
30 %
31%
9,300
Continental
*33%
34%
*33%
*34%
34%
18%
18%
181/4
18%
51
50%
50%
50%
50%
50%
15%
513/t
15%
*15
15%
513/4
*51%
53
*51%
17
16 3/4
16 3/4
163/4
17
15%
15%
1,300
51%
513/4
50
16%
,
1
-
56Vt
561/4
55%
553/4
553/4
17%
173/4
18
55
553/4
31
303/a
31
30%
30%
62'A
10P/4
102'A
102
56
55%
55%
189'/a
R
7%
7%'
43/a
*41/8
4%
32%
27%
311/4
323/a
28
*27%
7%
8
3%
:
4%
;yv 4
'A;.
4
27%
27%
800
39%
39%
39%
391/4
39%
-
393/8
391/4
39%
10,100
393/4
39%
383/4
393/4
41
41%
1,400
47%
213/4
223%
22%
23'A
4,800
1033/4
1033/4
1033/4
1033/4
*102%
102 3/4
421/4 •423/4
42%
42i%
42
43"-
963/4
22%
103%
43
22
23
47%
47%
47
47
42
43%
*97
98
96%
96%
*96%
97
96%
98
96 3/4
*
28
27%
28
*26%
27%
27%
27%
26i/4
"
18%
19%
*145%
30
*34%
150
29%
343/4
35%
*106
107J/2
107
*33%
13%
*333/4
35
13%
14
*132
1343/4
*132
70%
71 V-T;
71
*145%
29-%
343/4
343/4
*105%
13%
14
*131
703/4
*70
6%
61/4
6%
21%
20%
21%
*120
*33 y4
343/4
1343/4
6%
128
29%
107%
21%
*120
18%
193/a
150
18%
333/4
35
14
134
133/4
*132
71%
*70
33%
*33%
153%
15'%
1343%
71
71
63/a
6'/a
6%
21%
20%
21%
128
27
27
6%
21
128
*120
*118
28
28
600
36
100
35
40.100
16%
1343/4
'
1,000
72
63/8
44,100
21%
4,200
26%
27%
27%
263/4
2,000
28%.
3%
Feb
21 V»
Feb
253/4
102%
Jan
108%
Oct
2 3/4
Jan
6'/a
Jun
2
6% Feb
33% Jun
.
14
14 % Mar
16%
43/4 July
Jan
73/4
.
6
jan
Oct
301/4 Nov
13Va July
323/4 Oct
V-
20%
Dec
Jan
2-5%
Deo
Aug
24
28
18 V2
15-
12
18% Jan
20
26% Jun
21
14%
Jun
108% Jan
24
Feb
23
102'%
Jan
26% Apr
6
8% Jan
5
Zclierbach
Jan
2
22
Jun
26
V
12 Vt
Aug
19Vt July
5
53
Jun
25
"
38 Va
Feb
48
2
16% May 29
10%
16
533/4 Jun
28
47
9
22% Jan
12
15%
Jan
60
26
44'%
Jan
y
52%
Apr
52 %
Mar 27
30
...
Jun
1053/4 Jun
6
Jan
68% May 10
2
;
195'/a Apr
3
2
93/8 Jun
25
5
173%
3% Jan
2
253/4 Jan
5
34'/a Jun
24
.
2
28% Mar
14
41
Apr
5
July
57
Dec
613/a
V
Jan
Oct
184% July
/
1% Jan
5
Jun
Jan
52
25 V* July
5
4
Xl82% Jan
133/4 July
Mar
353/4 May 21
20
1013/4 Aug 6
58% Jan
Jun
Jan
Dec
Dec
May 28
1
7 Vt JOly
5
Aug
18%
Feb
20
Jan
25% July
Jan
32
Dec
Aug
.183/4
273/4
Jun
6
403/4 Mar
7
27%
Feb
39
51% Mar
7
45
Jan
49% Aug
20% Jan
22
25% May 29
Feb
1
15%
Feb
97 Va
Jan
49% Jun
26
28
-Jan
Jun
28
69
Jan
89%
Dec
253/4 Mar 27
343/4 jun
18
20%
Jan
29%
Dec
Mar 26
x223/8 Jun
14
11%
Feb
191/8
Dec
Jun
7
34% Jun
5
22%
Jan
29% Mar
Aug 10
22%
Jan
30%
353/8 jan
2
871/2 Jan
2
16
10
103
147
145% Jan 23
30
25% Jan
2
5
-100
Inc
.
105
1023/4 May 10
100
29% Apr
10
105
28
July
Jan
36
108% Jan
2
38
31
Stores Inc—2.50
No par
No par
122% Apr
6
140
No par
59% Jan
16
1
5% Jan
22
1
18% Jan
2
112
101
19
9
Curtiss-Wrlght
A
120
100
pfd
Mar
97
41
Jun
12
Dec
Dec
144
Jan
Dec
Dec
109% Nov
llVo Aug
140
July
61%
Dec
Jun
7% Nov
143/4
28
Jun
Apr
Apr
43%
Jun
19 V4 Nov
H43/4 May
21 Va Apr
123% Feb 21
30% May 7
6
12% Jan
26
24
<:
37 V4 Nov
5 Ye Aug
26
Aug 10
7% Jun 28
7
253/a Apr
——No par
Cutler-Hammer Ino
163/4 Jun
Mar 26
Jan
22%
105
May 18
72
preferred
Class
31%
Mar
18
preferred
Prior
24%
37
16% Aug
100
Drug
Jan
7
,
Jan
Sugar—
preferred
Dec
33%
12% Jan
Curtis Pub Co (The)
$7
Dec
9Vi
Sep
Apr
Jan
preferred
Cunningham
49%
Jan
26%
47
Cudahy Packing Co
Press
Jun
5'/e
1
8
37
preferred
Cuba RR 6% preferred
4 % %
41%
25
Mar
283/4 Mar 26
5%
Cuneo
Jun
13 Vt Mar
2
100
Crucible Steel of Amer
7 %
431/4
May
No par
5
No par
No par
Corp
preferred
conv
10
No par
preferred
$2.25
$5
Dec
Mar
No par
Crosley Corp (The)
Crown Cork & Seal
Crown
Feb
10
5
49% Jan
2
(The)
36
293/a
Oct
32%
5
22
May
123/0 Jun
V
Feb
73/4
47% Feb
29
Cream of Wheat Corp
2
Nov
9
Jun
58
3
Dec
112
16
1
Co
14
20
Dec
24
:
29% Jan
100
Inc
Aug
47% May
109% Jun
29% July 27
5
100
25
—
Jan
83/4 Jan
13
100
6
46
4
11% Jun
10% Apr
20
Co
Preferred
Crane
30% Jun
106% July 18
5
products Refining
Corn
115
93% July 30
2
37% Jan
No par
No par
5
—50
Corp—_1
Cushman's Sons Inc 7%
125
19
25
293/4 Jun
1
Trust
'
20
'
26 J/2
31/2%
140
107%
5% Jun
26% Jun
10
Glass Works
preferred
Corning
5,500
1,000
Dec
32% Jun
-_20
Electric
Cuban-American
19%
35
1343/4
6%
540
271/4
150
30%
*105%
107%
203/4,
V
600
;
19%
"
35%
*105%
11,100
301/4
191/4
30
343/4
*120
128
18%
30
29%
107
*1451%
*145%, 150
150
of
Bank
Exch
Corn
980
47%
47%
221%
1033/4
Deo
109 % May 23
2
2
20
Motors
OH
Cornell-Duhilier
300
22%
1033/4
*47
473/4
22%
103 J%
Jun
18% Mar 26
Coty Internal Corp——..1
27
B5%
Jan
Coty
27
Dec
104% Mar 10
2
11V4
1,700
27%
Dec
103
Jan
28
2,400
27%
Dec
31
20%. Jan
Jun
8 3%
28
29V4
5
28
26
4%
43,800
Jan
Jun
24
4
33%
21%
38
2
17% Jan
8%
81%
26
95%
Jan
Fibre
prior preferred—
Copperweld Steel Co
Conv pref 5%
series
80
32
383/4
19 J/8
2,000
33
38%
*145 J/2
62'A
190
*189
291/4 Nov
Feb
24
No par
$3
20
30%
393/4
y 30
2,900
-
1023/4
31%
383/4
27 %
31
260
31%
39%
42%
■■7
2,100
31%
38%
*47
62%
613/4
190
*189
190
7%
4%y
31
*102
61%
62%
61%
*189%
31%
102i%
30%
*102
102%
*102
62%
189%
62
63
189%
y,. 8
>r.
15%
53
15
Jan
8V4
21
Cooper-Bessemer Corp
180
Jan
243%
33/4 Mar 23
No par
50%
Jtm
l'/a July
79
Jun
Continental Steel Corp
50%
Oct
183/s
16
40
500
600
:
26
24% Jan
5
18
Jun
39% Jun
3
Del
18
Dec
43%
31% Jun
,109% July 11
No par
Diamond
Continental
31%
18%
49%
108
2
31% Jan
Continental Insurance
10%
35
Dec
12
33% May
101
No par
$3.75 preferred
1,400
497/a
24
Jan
_1
Inc
Can
Continent*;
303/4
'
189
.
49%
Jan
pfd—No par
.
Continental
11%
15%
1013/4
/
49%
Feb
4% Apr 24
27% July 27
11% July 19
America
2,200
12%
Apr
%
25
$5.50 preferred
300
12%
Pow $4.50
31%
31
•
5,000
443/4
14Vk
26
2574 Jan
Container Corp of
500
109
16
l3/4 jun
;
Feb
105
—15
Continental Baking Co
y
Jan
29% Jan
6%
of Cuba
10%
52
17
'
Jan
371%
183/4 Feb
2
.—.—No par
pfd.
100
pfd
conv
RR
30%
*15%
51
44%
*107%
$1.25
Consol
1,300
9%
39 Va
13
Xl06% Mar 28
Aircraft
4,500
28 3/4
100
Dec
971/2
'
11
*51%
*50Va
*99
12'/a
12
48%
7;
9%
y
107%
107
49%
:,y 49
10%
18%
18%
93/4
V
99% '100
43%
42%
9%
993/4
991/2
28
28%
28
9%
42%
112
112%
Laundries
Dec
23
26% Mar 31
par
Consolidation Coal Co_
.
Consol
Feb
98 Va
Apr
21
89
No par
—3
Corp.
Natural Gas
1071/4
50
18%
500
4,000
42%
12 y4
*12i/4
12%
107%
12
preferred
$2 partic
29
93
Feb
16%
27
1
12'A
Feb
84
Jun
No par
$5 preferred
Consol Film Industries
70
14
47% Jun
22
—No par
No par
—5
of N Y—,—No
Consol Edison
283/4
42%
12%
Consol Coppermines Corp
12
28
-
93/4
100
—
July 17
13
1081/2 Apr
28 3/4 Jan
No par
29
*1071/4
43
107%
preferred
$4.75
:Jan
Jun
51
Deo
76
2
Jan
Dec
5 Vi Mar
May 31
25"% Jun
i& Jan
—25
Congoleum-Nairn Inc—
12
1113/4
24
35 Va
Nov
15% Mar 26
No par
Consolidated Cigar
125
353/4
Jan
July 30
39
No par
preferred series—
29
112%
112%
283/4
100
'
*21%
112
9%
103
42%
*107
19%
27%
10 vy
10
28
22%
*111%
y.;i
29
*28 Vt
203/a
19%
19%
23
20%
—■
$6
.104
9
47% Jan
No par
Conde Nast Pub Inc—
27
15
104
Commonwealth Edison Co
8% July 12
107,
Jan
21
Commonwealth & Southern—No par
12%
21%
*28
"
Jan
95% Jan
-100
30
29 3/4
*12
29
20%
22%
28%
4%
4%
29
12
34%
29%
*12
4%
28%
4%
*28%
*103%
104
*103%
104%
*103%
104%
*103%
104%
84
—10
preferred™.
conv
2
No par
—
Credit
Commercial Solvents
1,000
34%
36
*35
...
4%%
,90% Jan
*.
'
2
/
Jan
3%
26
25%
26
40% Jun
4 % Jan
$ per share
26'A
40% Jun
Mar 27
.-No par
preferred
$2.75
Commercial
3,200
30%
105
35%
:Vv
'
t per share
Mar 26
preferred series A
—.100
5% preferred
100
Columbian Carbon Co——No par
Columbia Pictures.
——No par
100
1053/4
1%
105%
30%
1%
,
431%
30%
1%
104%
31
30%
"v/;500
yy 200
v" 2,800
$ per share
31
31
6%
500
■
23%
22%
*50
50
423%
*lu5
16
110
$ per share
2.50
-2.50
Ino cl A
—
Columbia 'Gas <fc Elec
1,500
y/y 350
:102
23
t o
413%
■
102
110
.
:
,
'./''yPar
.
B
Ciaaa
/
105%
105
31
1%
105
%
105
*105
40,800
103
22
7
-7%
X109
X109
50%
42%
1053/4
42%
300
7%
:
•
/.
Columbia Br'd Sys
2,300
36%
105
1023/4
102%
110
37%
36%
7%
7
*104% 105
104
101 %
36%
37
*36%
'
EXCHANGE
:
Year 1944
Lowest
Highest
Range Since January 1
Lowest
Highest
NEW YORK STOCK
'''•V
37
1043/4
110
101
*109%
1
7%
Shares
,
the Week
$ per share
t per share
363/4
37%
*363/4
36 %
36 %
>■
7%
7%
36%
36%
37 %
Aug. 10
Aug. 9
v
37%
36%
Sales (or
Friday
Thursday
share
f per
share
Range for Previous
STOCKS
AND
Tuesday
Monday
Bntnrdfty
Aug. 4
Monday, August 13, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
V^
'« *k V^f^t!ti((Vo^'U^I *r${*$»#§}jllf^VV"
p
127
Nov
28%
Dec
D
17
♦15
16%
*109 J/2
17
IIO3/8
17
*109%
17
*15
17
*15%
17
1103/a
17 yy
17%
*15%
y
17
*109%
1103/s
*38%
41%
383/s
403/0
40%
X395/8
*108%
*151/4
17
1083/4
2,500
17 3/8
40'/a
*36
.
*38
40
40
700
Decca
40
41
41'/a
8,000
Deere
36%
36%
300
41
36%
*36=1/2
37
*23
23%
23
23
44%
43%
45
44
10%
12
22 3%
22%
23
23
23
43i/4
45
433/4
103/4
11%
11
113/4
22%
223/4
22%
223/4
x36%
11%
12
22%
23
75
*70
*70
75
*70
53
54
52%
54
35%
35%
35%
35%
*45
45%
45
45
*22 J/4
23J/4
22%
22%
52 %4
*105%
53%
108
26
26
483/4
483/4
22
23
22.3/s
52
*105%
....
53%
108
53%
78
551/2
51%
26%
25%
26
48%
48%
48
48%
*70
44Vt
*433/4
44%
221%
22%
233/4
22
513/4
53
53
*1055/8
108
26%
*47%
*1055/8
21%
213/4
23%
23%
23%
23
24
81
82%
81%
129
*112
114%
*112
28J/4
28J/4
173/8
173/a
17
*193/4
203/4,
*20
159 J/2
161
1261%
1261%
114
114
27%
158%
126%
*113
129
1291/2
130
114%
112%
112%
28%
17
20%
159
126%
114
273/4
28
17
17%
*20
20%
159
126%
*113
160
126%
114
130
112%
273/a
17%
*20
223/4 July
Jan
37%
7% Mar 29
163% Jun
25
2
23% Jun
27
Class
A
:.
—
No
—No
—
Doehler-Jarvis Corp
3,600
Douglas Aircraft
133%
2,400
Dow Chemical Co
112%
100
Dome
127
500
114
30
Jan
41
6
38% Jan
3
28Va
Jun
35%
40% Jan
4
46% Jun
28
16% Jan
2
263/4 May
-
33V4
x273/4
Dec
42
Sep
17% July
Jan
Feb
38%
Dec
60
Jun
26
109
Mar
9
95
Apr
29
Jun
6
15 V4
Jan
203/4
Sep
49
Feb
1
433/4
Jan
49
NOV
27%
July
par
17%
par
5
47
Mar 20
18
Jan
2
2
24% May
105
Dec
4
21% May
23
261/2 Feb
953/4 Jun
par
No par
22% Jan
—
—.
No par
122% Jan
4
143
110% Jan
2
114% Jan
17
6
33% Jun
25
.No
Mines Ltd
International—
.No par
Duplan Corp———
20
Du P de Nemours (E I) & Co
$4.50 preferred
65
Mar 26
27
Apr
12
Mar 21
20% Aug
1st pfd
131
Jan
106 3/4
Jan
113
Aug
8 V4
Apr
11%
19% July 16
25
2
72% Nov
May
114 3A Apr
9
143/b Nov
Feb
20 »/4
Dec
4
137
Feb
162%
Jun
1
123%
Jun
128%
Dec
6
113
Dec
1203/4 jan
5
Jan
Jan
2
172% May
par
125 3^ Jan
9
129
Feb
113% Aug
1
117
Mar.
155
47
18
May
100
No
Duquesne Light 5%
38V4 Mar
5
Dec
22
Dunhill
*113%
29%
25
1,400
*126
9
Mar 26
5,000
114
Oct
Vt Oct
59% Aug
Jan
18 Vt
126%
65
Jan
29%
126
9% Mar
21Vt
38
20%
163
Jan
Jan
Feb
105
18
4,100
5%
18%
52
July 11
par
*20
165
74
Oct
Dec
100
No
Corp-Seagr'a Ltd-
4,500
159V4
*113%
Jan
17%
23
preferred
partic
23'A
163%
17%
18
—2
6%
86%
29
19
57% Jun
33% Apr
17%
v;
26% Feb
19
34% Jan
No par
Match
20%
27%
22% July 20
No par
Raynolds A
Diamond
241/s
*112
36%
Devoe &
$4 preferred series A_ -—No par
——50C
Dresser Industries
•V
Oct
Jun
45%
Apr
23
132%
130Vt
*112
4,200
41 Vb
Apr
36 •: Jan
22%
y
Jan
321/4
Janv31
83 3/4
22'A
21%
36%
Jan
233/4
83%
5
13% Nov
5
67
preferred
Dixie Cup Co
1,100
Apr
May
47% May
24
21
5%
1,500
Oct
113%
48
9
20
Distil
47%
21%
50
Western-
2,800
533/4
28%
83
Delaware Lack &
Detroit Edison,
Diamond T Motor Car Co
108
16 Vt
Dec
'
1,300
28
23
1293A
300
'
47%
81%
*129
800
273/4
23%
213/4
7,600
,■
48
84
3%
84
75
35
Hudson
Jun
Jun
38 3/8 Mar 26
35% Jan
10
100
Deisel-Wemmer-Gilbert
Delaware &
Jan
13Va
109%
5
19 Va Feb
113
39% Mar 29
No par
20
Preferred
Jan
Detroit Hillsdale & 8 W RR Co—100
59
*43%
108
4,600
58%
351/2
51%
18,600
22s/a
343/8
45%
*105 S/8
12%
22%
59%
34%
35%
22%
11%
75
45%
*21
300
5,200
*70
55'/2
X34%
*25%
21%
:
23%
46'A
*22%
33
1
6V4
8
15
193/4 Jun
8,
1083/4 Aug 10
100
pfd
& Co
36%
40%
16% Jan
1
(The)
Records Inc
36%
47
Dayton Pow & Lt 4%%
20
41%
37
46 J/4
Corp
109%
403/4
23
Cnemical
Davisun
40
110%-:
'
40%
*38
B
Davega Stores Corp
17
17%
17%
v
E
17
16%
17
16%
17
16%
177a
5,100
57%
17%
17%
57%
55%
56%
55%
56%
61
62%
10,300
Eastern
21%
171%
56%
61
203%
i„
17%
20%
20%
*20%
20%
21
400
Eastern
175
176
3,000
*193
195
171%
*193
195
1713/4
*193
172
195
172%
*193
172%
195
20%
20%
172%
*193
174%
54%
54%
541/4
54%
54%
54%
54
27
:"U
27
263/4
263/4
26%
27
26 7/s
24%
24%
*107
108
Q
9
24%
*107
8%
24%
107%
8%
243/4
*107
83/4
243/4
107i%
83/4
52
53%
523/4
523/4
53
533/4
16%
16%
15%
16
15%
16
24%
*107
83/4
52%
15%
195
*20%
56
56%
1,900
271/a
27
271/a
2,300
25%
2,200
243/4
25
109%
107
9
533/4
16
9
54%
153/4
*5%
5%
4%
5%
*5%
53/a
5.%
55/a
53/4
12%
12%
11%
12%
11%
12%
113/4
12%
20
107
1,600
9%
55%
17,100
5,400
16%
4,100
57/a
128
129
127
127
126
126
125
127/a
127
128
128
1,100
119
119
117
117
117
117
117%
117%
117%
118
1,100
44
44
44
43%
44%
443/a
45%
44%
*44
43%
13
46,600
1,400
preferred—
Eaton Manufacturing Co
Edison Bros Stores Inc—
185
Jan
6
200
Jun
2
175
Jan
195
Sep
49
Jan
22
61
May
Jan
52
Dec
15
31
May
7
9
41
213/4 Jan
24%
Dec
15V4
Sep
Ekco
Stainless Steel Corp—-—_5
—No par
100
4
—2
Products Co—————5
cum
41/2%
preferred
——
Co.
Electric Auto-Lite
(The)
Elastic Stop Nut
Electric
Elec
Boat
& Mus
—100
——1
5
—.
3
No par
$7 preferred—1
No par
$6 preferred
——No par
Electric Storage Battery
No par
El Paso Natural Gas__
—3
38%
33
38%
38%
38%
233/4
23%
24%
23%
25
6,900
Emerson
21
21%
203/4
311/4
21%
213/4
1,800
Light
Emerson
72
105%
105%
24%
243/4
108
*105
106%
*108%
see
106%
111
page
691.
*105
223/4
*105
72
105%
105
105
24%
108
22%
*105
23%
72%
105%
72%
72%
400
*1043/4
105%
105%
30
22%
24%
243/a
25%
108
*105
*105
106
106
*105
107
*108%
111
*108%
111
108
108
*105
106
*105
106
18,800
108
108%
108%
108%
5,100
130
24
Aug 10
8% May
Electric Mfg Co
4
Radio & Phonograph
5
Endicott Johnson Corp
—:_.50
4%
preferred
Public Service
$5 preferred
$51/2 preferred———
Engineers
$6
preferred
100
i
—No par
No par
—No par
163/4 May
108
July 18
1
8 Vr Dec
12% Mar
3
42% Jan
55% Aug 10
37%
Jan
14
18% July 10
10
Apr
Jan
3%
7% May 11
3% Jan
,
13
Jan
132% July
103
Jan
1233/4 July
81%
5
5
6%
Oct
5 V2 July
Apr
114
Dec
103%
Dec
78
Apr
39V4
Apr
May 7
29% Jan 18
273/4
Feb
47% July
343/4 Nov
50% Feb
34% Mar 21
40
15
Sep
223/4
Mar
6
Mar 26
,72% Aug
9
57%
Jan
68^%
Dec
July 25
107
Feb
26
101V4
Jan
108%
Jun
273/4 Jun
14
8%
Jan
171/8
22% Jan
9
20% Mar 27
Jan
4
100% Jan
5
16
453/4 Aug
153/4 Dec
16
43 % Aug
104
Jan
3% Nov
Aug 10
109
62
Dec
27% July 16
July 24
107
—
233/4
*71
18% Jan
4% Aug
Ind Am shares—.
Electric Power &
24
72
Dec
Eastman Kodak Co
178
21%
*71
Dec
Feb
38%
72
253/b
>
157
21%
*71
41
Jan
30
23
2,700
Apr
6%
183% Apr
233/4
-
Feb
33
63% Jun -27
July 30
38%
*38
19% Jun
22
170
22
38%
22
14 y» July
10%
21
Jan
39% Jan
13
21
23%
38%
footnotes
——_i
25% Jun
21%
For
Airlines Inc
26
6%
54%
10
Co
Eagle-PIcher
101% Apr
104 • Feb
25
'
106
21
108
1
109
Dec
Dec
July 16
87
Jan
104
Dec
July 24
July 12
89
Jan
105
Nay
92%
Jan
107
Dec
,
ft'l,,
'
t
Volume 162
!■
ik
i-
£0 ' 0$| lt||f) 1
V
■
J;
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'*£' M
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1 "'W'
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'*0-. ".tii Ki<$
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■
'
Aug. 4
$
per share
Tuesday
Aug. 7
Aug. 6
;.
$
$ per share
*1%
•
2
'
1%
1%
$ per share
2
1%
9,100
15'/2
16'/a
17
155/8
16%
19,000
78
78 »/4
*77'/8
79%
*77
78 3/4
77%
78%
500
*89'/a
921/2
*891/2
92%
*89%
92%
*89 %
92%
*89%
92%
♦13
131/a
12"%
13
13
13
123/4
13%
13%
14
3,000
Eureka
*17%
18
I71/2
18
17%
17%
17%
19%
19%
20%
7,300
Evans
483/4
48
48 %
473%
48 %
473/4
49%
49%
50 3/4
1,800
Ex-Cell-O
67%
*6
63/4
♦6
63/4
6%
6%
6%
6%
*53
483/4
*6
53
53
53
533/a
29%
29%
28%
29%
143/4
14 Ye
14%
21%
*20%
*1083/4
54%
55
55%
900
29%
2934
1,900
14%
14%
153/a
21
21
109%
*1083/4
109%
34%
34%
34%
34%
34%
26%
*25'%
26%
*25%
34%
34%
26%
26%
26 %
•
21
RR
5%
11,800
1,400
'
$ per share
600
12
20% Jun
22
97/a
Jan
14
Dec
68% Jan
19
84 Va
July 11
46 Ya
Jan
70
Deo
86
Jan
27
89
Jun
-.5
.11% Jan
6%
Apr
13'%
Oct
22
97/a
Apr
177%
Dec
3
42% Jan
57% Apr
28
73/4 May 5
21 Ya
Jan
47 Ya
Dec
2Ya
Jan
6Ya
Dec
6
42% Jan
2
57
20
25% Jan
4
333/4 Mar
12% Mar 26
Corp.1
Federal
13
No par
Light & Traction
preferred
17
Corp
_5
:
2
23% Jan
5
11%
10%
11%
11%
113/4
3,100
Federal Motor Truck
No par
33
33
35
36%
363/4
3,200
Federated
1043/4
106
106%
106%
253/4
No par
100
3,300
*1043/4
1053/4
106
233/8
23%
24
25%
25
553/4
56
55
543/4
54%
54%
54
28'A
108%
44
108%
48
48%
48
'
28 %
27%
48%
58%
57
593/a
108%
*107
37
63
*62%
64%
20
20
*193/4
20%
62
62
8
633/4
63 3%
63
201/s
20%
62
62
8%
■
1,200
40
*38%
38 3/a
200
8%
8%
'1,600
64%
200
5%
•;
8%
7%
63
63
63
3/4
600
Food
Fair Stores
800
Food
Machinery
33%
343/a
33%
34%
333/4
36
261/4
*26%
26%
*26%
26%
26%
26%
17
17%
183/s
18
18%
137
137
:->/18
140
*136
4,900
18
18%
5,600
140
20
'
383/4
39%
48
117%
73/4
5%
38%
38%
47
483/4
117
73/4
7%
7%
7%
7%
5%
6
5%
6%
18
18
15%
<15
153/4
15%
173/4
*17%
18
17%
*66
68
17%
15
15
15%
173/4
*
18%
173/4
<> *66
68
*66
9%
9
243/4
243/4
52%
9%
•-Y
20
20
9%
27%
29%
•29%
143/4
143/4
15%
107%
*106%
52
51
'•
■:/y
185 "
*183..
19
19%
9'/4
•
27%
131
27%
27
130
*129
29%
29%
29%
44%
44%
44%
44%
43 %
4%
4%
4%
4%
4%
148
*145
v
*131
131%
67%
*142
132
131
131%
130%
68 <%
67%
128
*127
*127
60%
*60
*60
261/2
*130%
67 Ye
132
■/
128
*130%
665/a
*1273/o
60%
60
17%
.
17%
108
17%
17%
26%
26
26%
26%
27%
13%
13%
133/a
13%
*107
3
2%
137%
4 3/4
*134%
4%
23%
22%
22%
*21%
106%
1063/4
106
18%
3,000
27
27 %
1,700
133/4
14
4,600
••
.
*107
3
%•
108
23/4
30 3/4
303%
31%
31%
323/s
*134%
137%
*134%
137%
*134%
137%
4%
4%
4%
43%
4%
v/43/4
9,600
23 %
23%
23y8,
23%
243/8
243/4
2,700
23%
31
137%
.
22%
22%
22%
-
22%
106%
"
1043/4
104%
105
22%!
3
22%
V
105
104%
•107
27%
,
■r
.<21
*323/e
33
32%
32%
32'/2
32%
32%
*28
29
29 V
29
28%
29%
293/4
*107
110
27%
26Ya
110
*107
16%
24%
24%
99
99
28%
28%
*533/4
4%
54%
15%
149%
149 7/a
152
28%
56%
283%
28
*98
•
24%
*98
99 Va
15%
»533/4
4%
4%
56
56%
102
103
50%
52%
*110
110%
: 54 V2
24%
243/4
98%
28%
•533/t
■
54%
*96
/
56 3%
-i
*24
15%
*46
4%
27%
103
50%
110%
110%
y'
17%
18%
10
10%-
5 %
5
24
15%
15%
46%
46
22%
Glmbel Brothers
3,000
i.
57%
102 %
53%
110
45/s
58%
103
54%
110
50%
303%
303/4.
*169
*72
59%
24%
*104
34%
''
7%
212
171
w
*169
*72
79
59%'
59%
24%
24
105%
*104
33%
36
7%
7%
210%
212
23Y4
72
53
53%
■%'
6,600
$5
Gotham
Apr
543%
73/4
Jan
8 3/4 Jan
25%
25%
25%
1,000
17% Jan
22
16
16%
3,700
Granite
45
45%
46%
22
16%
30a/4
;
16%
163/4
50
52%/
/
30%
170
*22
45%
1,200
22%
500
303/4
169
16%
2,500
523/4
18.700
303/4
31
*168%
170
*72
16%
49 3/4
170
:
79
*72
4,600
24%
23%
24%
25%
105%
105%
105%
105%
105%
200
32 3/4
35%
323/4
34%
14,400
34
7%
7
60.
24%:
7%
206
•
60
60 V4
7
7
*204
206
208%
210
205
22%
23
22
25%
233/4
.25%:
72%
72
72%
72%
72%
52%
52%
52
52%
52'%
35
35
*33%
1,400
13,600
1,700
130
11,700
108'% Jun
18
31
56'/a Jun
26
10 % Mar
1
Grant
<W T)
Great
63A
12'% Jun
22
43%
Jan
Jan
22
37
Jun
22
llYa
Jan
1143/4 Jan
22
139
Jun
25
813A
Jan
32V4 Jun
26
25%
Apr
27% Mar 20
156% Jan
377/s Jan
Co
Iron
Nor
Western
24
Dec
29'% July
Feb
155
Dec
44% May 29
35
Feb
403%
Feb
1
483/4 Jun
40
Nov
433% Juiy
33/8 Jan
2
43/4 Jun
Feb
3'% Aug
1343/4 Jan
4
40
5
2'%
.
Dec
Jun
115
113
Jan
6
139
Jun
102
Jan
120
Dec
129
Apr
4
134
Mar
128
Mar
134'%
Nov
66
July
62
125
Jan
May
148
70% May
513/4
3
131% Aug
1253/4
Jan
130'%
Oct
25
36 3%
Jan
56'%
Nov
19 %. July 11
4Ya
Jan
18 Ya
Apr
233%
Jun
6Ya
Jan
11'%
Aug
Oct
1073%
Nov
Jan
11
613/4 Jun
10
Jan
16
22 Ya Jan
2
30Ya Mar
16
9% Mar 27
106% Feb
110
7
IVb Jan
3
283/8 Jan
24
Jun
Mar
3'% July
3
106
IY4
2
Mar
10
134'% Aug
3
37/a Jan
3
5% Feb
14
19Ya
6
Feb
123
37
6
20
.
26Ya Jun 26
112
Feb
Sep
22
53
.'
140
Sep
133% July
2'% July
Apr
31%
Apr
Apr
124
Dec
Nov
3%
Nov
4'%
Oct
19%
>
Apr
25 Ya
July
Nov
24% Feb
27
14%
Jan
193%
18
74%
Sep
HOYa
16
22 3%
Jan
27
Dec
28% Jan
23
35'% May 22
19
Jan
31Ya
Dec
106% Apr
27
26
Jan
2
Feb"
26%
"Dec
107
Jun
15
Jan
I6Y2
Dec
100
20
Ore Prop—No par
6% pfd_.No par
Sugar—No par
——-—3.00
111
Mar
21
Jan
100% Jun
9
29
23
x97
July 9
25% Jan : 2
52'/a Jan
4
3% Jan
2
48
Apr
100 % May
16
19%
7%
13
69
Jan
90'%
Dec
29
11 Ya
Jan
22 7%
Dec
Jan
253%
Apr
52
2
32
May 10
18 Va
57
May 16
45
4Y4 July
.
5
2 3%
85%
165'% Jan
12
1
313/8 Jun
25
Dec
Aug
4 Ya
Jan
175
May
25
63'% Jun
147 Y4 July 27
25% Feb
8
July 30
173/4 Jun
13'/8 Mar 27
90
Mar 12
323/B Feb
110
Dec
Apr
July 27
20
105 y4 Mar
6
July 27
x573% Feb
Jan
40
"Feb
Dec
54*3% "jun
98
Jan
104'%
Nov
15
363%
Feb
51 Ys
Dec
112'% Mar >8
107% May 19
12% Mar 26
104'%
Jan
112 Ye
14
8Y2
Jan
17'%
July 31
1'%
Jan
7
20
33%
Jan
5'% July
213% Jun
5Ys Jan
2
12
45/s Jan
2
6
Jun
,
Jun
Oct
Aug
23
25Ye Aug 10
19'% Jun
6
15'% May
14% Jan
36'/a Jan
22
543% Jun 22
32% Jan
.42%
21% July 25
24% Jan
10
23'%
Jun
25'% Mar
143/4 Jan
2
17% Mar
1
14'%
Dec
17'%
46% Jan
24
28% Jan
2
18 3/4 Jan
3
1613/4 Mar 16
64
19'%
Feb
16
Dec
July
Dec
Nov
25Ya
Jan
28.
243%
Jan
30
Dec
May
25"
1433%
Feb
163
Nov
May
67
Feb
Dec
5534 Jun
26
323% Jun
175
9Ya
Jan
20
72
Jun
22
57
63% Apr
49'%
Dec
52% Jan
25
24
43i%
Feb
553%
—-No var
233/4 Jan
2
283/4 May 28
19'%
Feb
24'% July
...100
Aircraft Corp...—
1
1041/4 Jan
12
108'% Mar 13
1053/4
Dec
105Ye
Dec
28% Jan
24
Apr
32'%
Dec
—
preferred—
Sugar—___—No par
preferred.
———100
RR—...No vat
preferred———
-No par
Oil Corp
23
Guantanamo
p
140
Dec
124
v
5
100
—
Grevhound Corp fThe)
4 % %
May 31
Dec
7Ya July '
22%
343% Jun
Bay & West RR———-100
Green (H L) Co Inc..
— .1
Grumman
172
4
Nov
19 Ye
Jan
Mar 21
6
19
Oct
93% July
161
Feb
116'% Jun
Great Northern Ry
Great
143
1833% juiy 30
267% Jun 15
22
-No par
No par
30
preferred
5%
:
Mar 26
Green
79
18
25% Mar 29
1
5
City Steel
Preferred
24
59%
10
par
Jan
Apr
7 64% May
7
163/4 Jun 26
2
No par
Grand Union Co
16%
22
.
9% Jun
31
2
1603/8 Jan
Graham-Paige
15%
*104
53%
Dec
5%
49
102
Hosiery
*24%
;
50%
*71
16 V*
convertible preferred—No par
$5
5%
15%
24%
"r:
Feb
No par
2.2no
5
105%;
71%
Dec
10 Ya
76
v
2
1043/4 Apr
—No par
No par
5
y
60
71%
58'%
Jan
,58
Jan
2
12% Jan 22
53
(B F)
preferred
y 4%
30%
7%
Jan
Motors
Grnnhv Oonsoi M S & P
79
7%
Dec
51
10
Goodyear Tire & Rubb
200
60
2334
Co
Goodrich
100
8,600
*72
210% ■;./
Dec
23%
Goodall-Sanford Inc
2,500
223/a
33%
77%
Feb
Telegraph Co
Gold & Stock
3,800
59%
3434
Nov
Jan
13 %
1
113,300
46%
170
79
523%
.
..1
171
22%
24%
72
16s/«
conv
11%
16%
16 Ye
48%
(The)
Co
4%%
154
293/s
preferred
$4.50
19%
49%
16%
52
30%
16%
preferred
183/4
223/8
30%
66
4%
27
No par
No par
No par
No par
No par
50
Safety Razor
conv
10%
*45%
51
May 16
11
62 Ya
2
23
5'% July
100
11
5
22%
16
7% Jan
pfd
preferred
tGoebel Brewing Co
4,700
■
22%
667/aFeb
& Rubber Co
Glldden
*
111%
Jun
preferred
200
28%'
■
Dec
18 Ya
Jan
3,700
*150
53
18'%
Sep
Oct
19
183/8
24%
46
22%
103
Deo
15%
99
17%
5
15%
•
'
16%
19
1
preferred—No par
26%
4%
/::■
12
A
29%
54%
29
Dec
183/4 Jan
20Ya Apr
Telephone Corp
20
Gen Time Instrument Corp—No par
$5
July
9
General Shoe Corp
Gillette
Dec
Sep
7
Apr
6
General
300
27
44 7%
116
Jan
103
16 3/4.Mar
No
10%
24%
24
15%
■*
6,300
29 V2
2
Sep
Dec
363% JUly
14% Apr
No par
No par
No par
973/4
*54
50%
*110
i
Jan
9Vb Feb
Gen Steel Cast $6
cum
30'%
4
2
9
Corp
Adv
Tire
7
135
17 Ya
6% Jan
4% Jan
24
'A %
Jan
123 % Jun
17
Jan
4%%
70
„
Jan
No par
100
25%
29
4%
Foods
General
Jan
9
Jan
100
107/s
10%
5
16 3/a
99%
Jan
16
No par
No par
18
*17%
19%
24%
110%
3,900
42% Mar 26
113
21
4
29%
5
13%
May
146
No par
67%
58%
55
*102
51
;
700
Dec
17 Ya
15
Jan
No par
Common
No var
Gen Precision Equip Corp.—No par
General Printing Ink
1
$4.50 series A preferred
No par
Gen Public Service
•
-10c
Gen Railway Signal
No par
6% preferred
TOO
Gen Realty & Utilities
10c
General Refractories
No par
110
28 s/8
154
*150
56%
56%
*1013/4
52%
102
25 %
1,200
Jan
34
9
100
3
-8
A
Outdoor
25'%
2Y«
3
50
i
preferred
Gen
Jan
2%
preferred series A. No par
No par
preferred
100
$5
20
12%
General Motors Corp
/
110
54%
*54
28%
273/4
11%
11
154
*150
28%
*98
98
28%
4%
4%
4%
152
153/4
99
*28%
:
•
*107
16%
99
*243%
29%
28
28%
110
15%
*96
24%
98%
27
•107
99'/a
153/a
.153/4
28
110
*106
*107
110
*107
26%
26%
110
*96
110
*107
27
'
*18%
296
293/4
99
*110
2,900
33
29
98%
52%
3,100
106%
32%
16%
*102
1,900
3
110
32%
*28%
5
175/8
108
3
2,400
2%
V.
4%
24%
*107
60%
30 3/4
2%
*134%
108
*107
108
100
Dec
2
19
cum
7;, 5%
26,500
*603*2
133/4
'
69
128
673/4
128
60
100
131%
130.
683/8
17%
30%
,
132
128
Dec
15
29
20
General Mills
200
Nov
69
Jan
7% Jun
$6 conv
2,000
16
Jan
16
183/4 Feb
Baking
4%
i.
11% May
53 Ya
413/4 May
533/4 jun
Mar
118
1
Gen Gas & Electric A,
;
15% Jan
6
Transportation
General
,
26
2
Corpl
7,700
132
•128
Jun
Jan
preferred
3,100
*___
,
*128 V 132
67%
.
75
20
General Electric Co
115,900
583% Mar
24
Apr 10
General
1%
43% Aug
47% Jan
No par
pfd—100
10
preferred
Cigar Inc
preferred
7%
Dec
8Ya July
No par
No par
4434
4%
148
*145
r\
800
43 3/8
44%
4%
60%
60 %
31%
*107
5
V: 67%
*127
132
128
31%
4%
'
130
/
.25%
13%
24
145
4%
T3'%
26%
13%
*2%
'
131
44%
■<; 44
otr
29%
43'/a
43%
Class
1,200
,
169
*166
17%
17%
18
*107
145
130
144
V:
.
29 %
Dec
33'%
5'% May
Jun
General Cable Corp
r»
42'%
Deo
13
26
19
General Bronze Corp—
29
Jan
247%
Jun
103/a Jun
6% Mar 20
14
Co
4,000
28%
2
8
27
July
preferred
$8
30% Feb
Jun
27
20
4,300
12°
169
43
General
1.0C0
4
No par
1
10%
28%
28%
4%
42%
:
28
*166
169
*166
169
4,400
34%
41
Jan
4
cl A
21
j,*»n 14
190
2,700
97/8
185
18a% May
48% May 16
33 Ya May
110
July 20
41
24
preferred
Amer
16
107
Jun
Aug
26'% Jun
Jan
Investors.—
Amer
Gen
44
23% Jan
Dec
109
Jan
Jan
(The)
Co
conv
$4.50
Apr
35%
25
1
10
9%
27
-
Gen
1033%
11
10
25
20%
21
18%
5%%
3
513/4 Jun
5
(Robert)
Gaylord Container
20
9,700
52 '
*183
183
// 9
153/s
9%
9%
9%
183
2,200
/>•
:
Feb
110% Mar
2
25
100
Nov
57 Y»
383%
26
53% Mar 26
41 Ya Jun
Wood Industries Inc.,
Gar
May 14
105% Apr
42% Jan
80'/a Jun
Co
(The)
Gardner-Denver
107
51
51
50 %
93/4
9%
9%
43%
62
15%
*106%
Hy 9
41%
26%
26
*60%
107%
8,600
64
4'
213/s Apr
)$3 preferred
9%
53%
2
13
preferred
Gamewell
Jan
Jan
25
Corp
Trailer
Inc
Co
6%
45
107 Ya
22
60% July 27
preferred
Gabriel Co
Galr
68
8%
8%
60%
43%
44'%
43Y4
43
*66
68
8%
25%
9%
*166
500
60%
193/4
2 8 3/4
169
*166
.800
183%
4% %
1,200
15%
18%
243/4
9%
27%
17%
15%
18
14%
185
131
11,800
15%
60%
18s/a
9%
28
131
130
'
*183
1,200
6%
*106%
52%
9%
185
147/«
107
52%
9%
*183
14%
7%
6%
17%
243/4
24%
*7%
18
<
*66
83/4
*60
60%
107
52%
8%
243/4"%
243/4
107
;/-/■
9
*59
15
15
*106%
68
8%
61
*59
•:
7%
6
17%
Freeport
Fruehauf
950
May
1
Sulphur Co
1,600
Dec
60
Jan
10
Inc
Corp..
Francisco Sugar Co
3.100
Dec
108
50
No par
F'k'n Simon & Co Inc 1%
39%
Aug
32
27Ya Aug
par
preferred
prior
513/4
49%
118
6%
118%
38%
.
49
117
117
*173/4
7%
57/«
6
473/4
117
*116%
38 3/4
38%
47
47
116%
17%
*17%
38%:
38%
48
116%
Foster-Wheeler
2,000
*136
140
*136
37%
26%
183/8
;
:■
35%
*26%
Dec
103%
Jan
Jan
100
20
24
Jan
22%
Jan
103
^10
62%
Apr
5
9
22
17
preferred!.
conv
Dec
Aug
Nov
27%
93
Corp
20%
351/4
138
Steel
May
137/a May
38 3/a Jun
17Ya
105
Apr
17
7
32
9% Jan 22
28% Jan 23
Jan
19%
11
par
No
Florsheim Shoe class A
Follansbee
Jan
100
18
——No par
Co
Stove
14Ya
20
Apr
par
No
(The)
Co
preferred
62%
*34%
17
$4
Florence
64
62
*26%
*136%
5,200
Jan
293/4 Jun
25
No
Stores
20%
♦193/4
62
62
260
45
*37
8%
8%
30
109
*44%
43%
37
*8%
*8%
Flintkote
29%
*108%
44
29%
109
44%
Dec
143%
21% July 24
100
preferred
National
First
47%
Jan
10
Firestone Tire & Rubber
4%%
500
48%
443%
Jan
93/4
.1
Corp
Fidel Phen Fire Ins N Y._.
109
27%
109
3,700
conv
Enamel
Ferro
1083/a
47%
48 %
*46%
28
27%
*43%
40
57
*107
48%
*108
.
44
♦37
40
*37
109
43%
700
56%
*107
273/4
109
109
44
,
54
108 %
56%
57
"107
108%
*47%
55
56 %
58%
57%
*107
*54
4%%
150
Stores.
preferred
Dept
Jan
21 Ya
109% July 27
3 8 3/4 Mar
7
Mar 28
25% Jan
11
33 y4
7
22% Jun
5
Jan
104
Dec
8
27
May
16% Jun
2
Mln & Smelt Co
33
233/4
2
No par
11%
1053/4
Jan
A Co
Palrbanks Morse
Fajardo Sug Co of Pr Rico
Farnsworth Televis'n & Rad
34 %
233/a
24
2.50
*333%
105%
84% Aug
I
12
21 Ya Jun
11%
241/4
Feb
78'/a
7
15 Ya Jun
15% Jan 24
34%
1051%
7
2
3
Co
*lli/4
24
Dec
12% Jan
100
50
Corp
Federal-Mogul
13%
par
*33%
11
Highest
Apr
par
Cleaner
Vacuum
Products
Federal
%
20
No
RR Co—
Pitts
&
2% Jan
May 21
I per share
$ per share
No
,
pref series A
$6
1,200
common
1
1044
Lowest
$ per share
Exchange Buffet Corp
109%
34%
*25%
251%
15%
203/4
*108%
15
14
21%
21
300
29%
*1083/4
34%
25%
143/4
v
*29
109%
Erie
Erie
'
X54%
•-
29
»108 3/4
IO91/2'
34%
55
28%
21
203/4
153/a
Bldg
Office
tEquitable
2
163/4
16
v
Par
79'/4
Year
Range Since January 1
Lowest
Highest
Shares
$ per share
l7/a
exchange
,
79'/4
15%
STOCK
YORK
NEW
161/4
'
1%
for
the Week
Aug. 10
Aug. 9
f per snare
Sales
Friday
Thursday
Wednesday
Aug. 8
per snare
1%
Range for Previous
STOCKS
AND HIGH BALE PRICES
LOW
Monday
Saturday
685
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4411
Gulf Mobile & Ohio
700
$5
53
6,800
Gulf
36
100
Hackensack
27
400
Hall
5% Mar 26
167
Jan
26
44'% July
83% Jun
2
26
216'% July 13
14% Mar 27
30'% Jun
26
58
82
14
Jan
23
49% Jan
6
Jun
571/4 Mar 16
11
3Ya
123
6'%
6Y2 Aug
Apr
Jan
189'%
Dec
Jan
16Y» May
33
Jan
62'%
Dec
42'%
Sep
50%
Dec
H
*35
36
*35
36
*25%
26
26
26
*18%
19
18%
183/a
103%
104
103%
103%
*108%
110
*108%
*21%
22%
*9%
*109
For
footnotes
see
213/4
32
33
9Ya
*109
111
page
9%
691.
*25%
26
18%
18%
103%
I033/4
*108%
21%
110
21%
32%
313/4
32%
93/4
*9%
97/a
111
*109
33%
26
36
26
111
27
17%
1S%
18%
2,300
103%
1033/4
1033/4
.1033/4
870
110
108%
108%
100
22%
1,300
*108%
X21%
21%
32
9%
*109
18
22
*150
*150
*150
*150
*150
*32%
21%
110
;
32%
33%
2,000
*109
110%
...
Jun
22
27
29
Jun
8
15 Y4
Mar
2.
22
Mar
19
HY4
Apr
15% Jan
103'/a Aug
2
12
102
109
Dec
Apr
21
July
Jan
152
Dec
Jun
24
300
Feb
17
155
Apr
138
10
1
x30
Apr
5%
Jan
(modified)—J°0
107
112
May 16
104%
Jan
A
9
73/4 Jan
4
Jan
13
DbC
Dec
16'% July
104 % July 27
110% Jan
154
^referred
107
•
2
par
33 Ye
22 Y4
Apr
2
2
18% Jan
No
Refrac
preferred
>39
Jan
20% Jan
28
Corp of Amer class
6%^
33
Feb
Hart, Schaffner & Marx
Hat
9%
110%
Harbison-Walk
6%
...
33%
23
—10
No *""•
4% conv. preferred
100
Hanna (M A) Co $4.25 pfd_.No par
Water
Printing Co
H—nt,or> Watc*
July 12
2
373% May 28
103% Feb 16
15%
~8Ys
110
Jun
July
li
THE
Aug. 4
f per
Tuesday
Aug. 7
$ per share
share
9%
9%".
25
9%
83/4
9%
y4
97/a
11,700
113%
113%
113 %
280
Hazel-Atlas
24%
24%
24%
900
Hecht
200
Helrae
ll2'/4
1131/4
1131/4
241/4
24%
24%
24%
24%
75%
*75%
76
75%
*185'A
185%
25 %
25
25
*25%
*86%
88%
86%
08
134%
134%
*134%
*24
*30%
*47%
*30%
*130
*185
27
26
26
%
88
88
88 y4
-88%
800
*135
137
136%
130
31
.7
136
*29
6%
*24%
$4
25
pfd-5%
Holland
1,100
Furnace
48%
*48
49
49
49
17
17%
17
17
17
17%
17
17
26%
26%
261/4
261/4
26%
26%
26%
27%
28
28%
4,600
51%
51%
51
511/4
50%
50%
50%
52%
52%
53y2
3,700
Homestake
*44%
44%
44%
44%
45
45
45
45
45y2
45 y2
1,300
Houdaille-Hershey cl A
'
20 y4
20%
20V8
201/a
20%
25%
25%
25%
25%
25%
106%
106%
37
15 Va
106
361/4
21%
3,700
1,400
*27%
132
Jun
26
25
32
Jun
23% Jan
2
29% Feb
23
17
-No
100
49
2
6
6%
3,000
Hudson
27%
25%
5%
26%
27%
5%
28%
35
35
35%
35%
35
35
35
321/4
34"
32y8
33V4
32
343/4
33
35:
631/4
63%
62%
623/4
63%
64%
63%
63%
86 %
88
6%
X27%
27%
27 y4
273/4
1,200
28%
28'/a
283/4
33,200
6%
42,400
:
Aug
3
9
85
Aug
6
18% Apr 20
433/, Feb 21
7%
70% July
Feb
30%
Feb
13'A July
37%
July
2
Jan
16
7% Jun
25
13/a
Jan
23/a
Jun
100
10
Jan
19
23% Jun
26
6
Jan
11%
Dec
27
Jan
2
32% Feb
28
22 3/8
Mar
28 Va July
14% Jan
6
34
May 19
8%
Feb
16% Aug
1
33/4 Jan
2
6% July 31
1%
Jan
6
Aug
Hupp Motor Car Corp
6,
6%
Feb
Jun
18 3/a
Jan
63
Deo
47% July
45
-100
.
Hudson Motor Car
53/4
19 %
No par
17%
6Va
133/4
7
Apr
Sep
Nov
-No par
Manhattan
17%
27
/
Jan
233/aMay
20
27i/2
13%
109% July
22
28
26
2
12% Jan
*271/4
Jun
16% Jan
34% Jan
28
Jan
25
Aug
2
103% May 21
663/a Jan
5%
13%
Dec
47 %
21%
36% Mar
8
Jan
8
600
23%
May
Howe Sound
/
Jan
42
Houston Light & Power Co—No par
Houston Oil of Texas v t 0
25
Co
20%
39
1,500
17%
Dec
:
25% Aug
23
1,300
*16
July
125
Feb
26
8,600
17
73
Apr
Jun
14%
*16/4
Jan
Feb
193/4
48
83y8
17
63
114
/:
603/4 Jun
37
16%
Mar
2
14
St
134,;
2
37
53/4
Jan
Aug
14%
5%
Jun
128
Jan
363/4
83
89
19
28
Nov
273%
42
14%
83
170
Apr
/.
44
36
83
•'
Mar
29
15
14%
83
% May
Jan
Sep
22% July
753/4 Feb
Sep
20% Feb
,7
17% Jan
par
No par
.
—
Aug
Dec
■
75
•
28
413% Jan
Dec
8%
112
Apr
28
36%
6
6%
15
Jan
No par
.i_12.50
No par
Finance
preferred
Feb
25
14
83
5%
6 %
33/4%
633/4
160
80% July 16
123
36%
6
26%
26
15
.
Mining
Household
120
17
17
Feb
par
93/4
Jan
> 20%
July 20
10
1
10
(A)—
Class B
263/a
*106
5%
6%
6Ve
Hollander & Sons
.
108%
26 %
25%
106%
138
14%
85
'
14
,
37
105%
25%
106
15
36%
84
85
85
*14%
106%
*106
21 Va
203/4
193/4
20%
25 y2
Feb
-8
Holly Sugar Corp
•
130
Jun
I per share
Apr
Mar
20%
9
22
100
(Del)
48%
18
2%
,99
24
94
72
6%
25
Aug
313/a Apr
8
No par
48 Va
800
189
10
22
(Jan
No
17%
■
80% Jun
2
Jan
223/4 Jan
25
83
Nov 15
after
preferred
conv
26% Jun
10
71% Apr
170
par
8
No par
—
Hlnde & Dauch Paper Co
Hires Co (C E) The
300
49%
48%
100
No
21
Feb
118
13
Highest
I per share
,
28
111/4 Jun
Mar 26
Mar
per share
14% Jun
4
20% Jan
25
.
preferred-
Motors
Hershey Chocolate
31
24%
W)
non-cum
6
108
15
.—
Hercules Powder:
50
25
Co
Glass
,
(G
7%
132 Va
:■
31
24
//■:
Corp_
Co,
Hercules
80
*78
*130
132%
*29
24
70
136
80
*78
*
24
25 y4
Hayes Mtg
1,600
132%
*29%
31%
*24
189
253/4
185%
80
*78
132 Va
*130
32%
25 %
*134%
80
*78
80
132 Va
87
136%
76
185%
26
87
189
25 V2
v
*75y8
76
*75
76
9
9% Jan
1
9
Hayes Industries Inc
11%
113
189
3,000
t
1944
Lowest
Highest /•
1 per share
Par
8%
111%
*75%
*78
12%
11%
12 J/4
12
Year
Range Since January 1
Lowest
,
Shares
*11%
112 «/4
*185 J/4
*130
<thare
EXCHANGE
9y8
8%'
25
111%
$ per share
STOCK
NEW YORK
11%
11%
11%
11%
t per
for
the Week
Aug. 10
Aug. 9
S per share
per share
s
Sales
Friday
Thursday
Aug. 8
-
Range for Previous
STOCKS
HIGH SALE PRICES
Wednesday
tOW AND
Monday
Aug1. 6
Saturday
Monday, August 13, 194$v
COMMERCIAL,^ FINANCIAL CHRONICLE
preferred
Hud Bay Min & Sm Ltd.
non-eum
1
*
35%
*35
34%
€4%
64%
-
34%
V >"
*86
89
*87'
*31%
32%
31%
31%
24 YB
24%
23%
24 *
46%
47 y2
47
*104%
105%
*111%
*171
88
.Vi;
88
*85
*30
89
*87
e
30
31
30 ;:•/
30
24
24
24
24l/2
48%
48%
49
48
48%
48%
49%
-3,700
*104»/4
105'/a
*104/4
105%
104%
♦104%
1047/a
115
.
104%
*1113/4
113%
*111%
115
172
*171
172
92
95
92%
92%
91%
91%
12%
12%
12 y8
12%
12%
12%
12%
12%
9%
*8%
;/'■/
9
42
9
•
*41
106
106
6%
6%
6%
9%
9%
9%
190%
6%
106
93/4
*190
9%
193
82%
82 %
82
821/4
81%
82%
83%
182%
*182
183%
182%
182%
183%
5'/4
5%
5%
5%
5%
19%
19%
'
6
20
20
*88
90
32y4
32%
*134
134
15 y2
91%
*40
41
98%
*113
120
145
*135
*23%
24
*38
'3,500
4%
134
134
27%
27
28'/a
97% ^
97%
97%
800
15%
16%
91
92
427/a
42%
41%
4 I
a. t
•/
16 3%
92
92
44
41%
.i/, -■
118 Vs
*113
118/a -7
*135
145
*135
145
23
'233/4
23%
23%
23%
233/4
23%
24
23%
24%
39
23%
*23%
243/4
*38
*23%
39
1
26
253/4
123%
26%
72,900
.5.000
24
24
>
243/4
•
*23%
7:
*38
$6
28% Jan
24
Feb
88
23
Jan
18.0'A Dec
3
I3/,
Jan
7
15%
.
65
.8.0
i
8
25 Va
Apr
/
Feb
12 Vt
Jan
92
Jun
Jan
47
Aug
35 %
Jan
43
Sep
Dec
2
563%
313/4 May
2
31 % May
—1
a
—1
139 Va Jun
Jan
93
Feb
135
Oct
11%
5
117
•
20
Dec
Jan
20 %
Aug
15
Apr
24
15
Jan
41% Jan
36% Mar 27
Jan
113/4
263/4 Apr
2
Jan
Jun
7
253/4 May 18
24
145
Dec
73%
183/4 Jan
:
Oct
Dec
39%
18% Jan
preferred—-
21%
.94
68%
2
19% Jan
J36
5
42 % May 31
134Va Jun. 1
2
17% Jan
Dec
32 % July
20
19
No par
No par
Jun
Jun
21
47 % May
3
Jan
Dept Stores
Feb
Feb
6 Va
Jun
98
Mar 27
—No par
No par
& Teleg
183/4
Jan
Jan
Jan
Dec
193/4 Jun
9% Mar 26
92
Jan
4%
13 %
Nov
.3% Aug
.
1
137% Ap.
50
82%
2
130
Feb
83A July
10 3/a July
165%
7
,66
39
Dec
188
99% July 16
41% July
Oct
.40% July
105 Va
Jan
140% May 22,
30 % May 29
79
8%
Apr
Nov
Jan
26
par
Jan
6%
26
129
12% July
Aug
36 % May
•
Aug
7% Feb
•
100
i
/Island Creek Coal
100
38
2
2
Sep
X87
27
Apr
63/e Aug
<'24% May
2
Nov
165
Feb
6%
19% Jan
—No par
100
Intertype Corp
*150
Jan
187
1113/4
Dec
154% Feb
673/4 Apr
843/4 Jan
-—No par
:
preferred.
Interstate
1,100
>
5'/a Jan
-
15
-No
Foreign share ctfs
24%
-
Salt
Intern'l Telep
17
753/4 Jan
/
6
100
;
Silver—
International
7%
26%
38
38
200
253/4
-1
100
Co
Paper
International Shoe
145/
■.'<26%:
5
100
preferred
conv
International
1,500
117
117
*135
*150
*150
*150
23
7 *233/4
41%
23
No par
/•Inter Rys of Cent Am
5% preferred
100
2% Jan
7%
29%
104
21
90% May
4
23
—
-8% Feb
106%
9% May
11
11% Jun
74 % Mar 21
178% Jan
fr
Jan
Oct
42aA July
Mar
71%
195 Va May 19
19
par
100
158
27
Apr
Jun
88%
9
8
503/4 Apr
8% Mar 26
173 % Jan
100
15
Jun
Jun
May
109
63/a Mar 28
par
—No par
No par
--No
preferred
5 %
1,990
v
—-No
Harvester
International
2,190
*41
163/4
16
3
;
35% July
9% May 25
6
25
Preferred
16,300
963/4
44
8
15 3/4
Mar 16
14% Mar
11% Mar 26
8% Jan
Int Nickel of Canada.
110
134
24%
94
373/4 Jan
International Mining Corp—
18,000
*113
*38
39
*150
213/4
174
2
104% Jan
Int Hydro-Elec Sys class A
International Min & Chem
89%
122
26
Jan
1
Preferred
9,400
33%
0
,
24
24V4
24%
170
.2
Feb
82
—100
Machines—
International
3,800
v.
.
104% Jan
166
Inc
Rubber
Business
109 Va
1
x__No par
Corp;.
Int
Aug
par
20
preferred—
Interlake Iron
32%
v
Ctfs
Interchemical
4% %
104
par
No
Co_.
Intercont'l
33
•'
Steel
Insuranshar^s
200
31%
23%
23 Va
23%
'
Dec
20'A
100
—
preferred
Inspiration Cons Copper
2,300
/'
:,V>22%
24 Va
6%
Inland
30
6y4
145
•
24%
24
98
22
Apr
-.No
6 Va
120
*113
*135
90
'/■: *40 *
/ 41%
41%
24%
Jan
Ingersoli-Rand
6
•
Dec
38
,46
49% May 17
133%
32%
77%
2
5%
*88%
Jail,
39 % Jan
1,800
85
21
-
21
89%
25
No par
-No pa*
5 3/4
»
Jun
Industrial Rayon.:
$4.60 preferred A-
/,
7,400
v
185
5%
5%
91%
*15i/2
911/4
411/4
41%
*97 %
44
6
134
24%
V
.
15%
911/4
*40
44
134
25
15%
16%
91%
::
20%
*88
89%
5%
317/a
134%
24
97%
25%
99
20
7
:
91
27
-
/ > V:
32%
311/4
140
25
98%
*88 )>'
*5% .V 6
6%
19%
•
90 ">
*88
*5%
185
24
26
600
/-
193
83%
185
Dec
Dec
72% Jan
Jun
1,100
r
10%
10
*190
84
182 %
5%
9
6%
7
56
26% Jun
2,000
45%
10%
Jan
2
RR See ctfs series A
Indianapolis Power & Lt
50
106%
193
*190
25 %
22
12%
9
28
18% Jan
12%
*106
Apr
19% Jan
/
600
77 45
Nov
23 Va
76
1000
92%
44
63/4
63/4
6%
172
106
42%
9%
9%
190 '/2
191
49
106%
*106
32%
Jan
30
No par
91
'
Feb
10%
47% Jan
200
1131/4
*171
'
9%
*9
9%
*87/a
*41
42: V
106
172
172
i
4%
37% May
1
42% Jun 26
24
24
100
:
'
115
114
*171
270
lines
3
19% Jan
100
preferred series A
6%
29% Jan
100
—
Co
RR
Central
Leased
2,100
*111%
191
v:
:
80
24%
93
42
Illinois
20
100
Idaho Power Co
800
•.
31
172
*105%
700
23,900
237/a
'
93
-
35%
%
9
29
Jan
45
July
138% Jan
144
Dec
150
12
May 16
; 20% July
20 Va
Dec
'
J
:
*37
37%
37
37
38
*109
114%
114
114
114
114
115
38%
38%
38
; 38
38
38
38
1121/4
1121/4
*120
—
>r
*111%
*111%
112%
*120
.
33%
951%
94
105%
105
34%
23%
351/4
* 105
23%
231/4
24%
38
-7/
*38%
95
*111%
•
4% %
Johnson
100
4%
21,000
36%
35
1,000
.'>1,800
5 %
23%
23%
2,400
25%
25%
600
96-
95
107
23/4
23%
23%
23%
/
243/4
243/4
25
2nd preferred ser
5%
109%
95
103%
—12%
Johnson——
&
A—,—100
Joliet & Chicago RR stamped—100
Jones & Laughllri Steel
No par
^_-/
•
Jun
42
343% Jan 22
110 3% July 30
101
Jan
2
No par
25
27
114% May 31'
Apr
38% Aug
1073/4
Jan
112Va
Nov
128
Jun
21
84%
Feb
105
Deo
40
Jun
18.
30
Nov
112% Apr
17
'
400
*:
jiar
100
——No
preferred
Johns Manville Corp
2,200
112%
106
104%
24%
1,200
39
*120
112%
-"103%
23%
*24y4
122%
Jewel Tea Co Inc
111%
120
36
343/4
94
94
":
*111%
*109
118%
*120
34%
94%
105%
i *120
34%
*94%
112%
>
38
112%
*109
112V4
114%
*109
/ 38
37%
37
112/4
*109
1121/4
373/a
:
Mfg co
joy
.
100
J.00
pref series A—
pref series B conv—
;.i
-
31
Jan
25
109% May 31
90
Jan
10
102
Apr
24
39
Jun
26
98
" July
79
Mar 27
91% Jan
2
116% Jun
193% Jan
9
>30% May
111
Dec
95
May
20% Jan
58
"Jan
28
Dec
66%
Jan
93
Dec
10%
-
10
26
Sep
Sep
May
Jan
20%
Dec
AUg
90
25
27% Jan
1073/4
343/4
.
9
80
Dec
K
24%
*118
122
*24
122
*118
122
*118
*118
*118
122
;
122
v
Kalamazoo
241/4
21%
24%
22%
23
21%
24
22%
24%
8,400
56
56
53%
541/4
54%
54%
54%
56
*53%
55%
,1,000
20
*19
20%
331/4
*31%
*25%
26
23
23
•22%
36%
37%
20
*33
26
47%
12i/4
121%
11%"
*81%
82%
80%
*
26 %
>
.
23
36 /a
37%
36'/a
373/4
31%
32 Va
32 %
1,200
46%
46%
47%
47%
47%
400
12
11%
11%
81
*78%
•
11%
11%
*80«
81%
11%
81%
12
*78%
28V4
28%
28%
283/4
283/4
107%
107%
107%
*107%
107 %
281/2
28%
27%
28
27%
28%
10 %
*9%
lO'A
*9%
10%
*9%
,10%
37»/a
36%
36%
*37%
373/4
x363/4
363/4
42
421/4
41%
23%
41%
41%
42%
28%
107
x41%
28%
29%
107
107
41%
81
30
107
•
*9%
10%
•—
37
'
2,100
37
V
3
Jan
22
29% Jun
18
34
Jan
22
59% Jun
18
Co
1
JVo par
3
•
10
-
preferred
100
1
Co
10
Kresge Dept Stores
Kress
700
(S H)
1
'14%
Dec
> 193/4 Jan
39%
Mar
22
Jun
7
13%
Feb
38% Jun
28
17
Jan
283% Feb
27
20
Jan
"20%
X26
jun
19%
Jun
18% Jan
2
26
Jun
11
13%
Jan
24
40
Apr
24
•293/4
Jun
32% Aug 10
48% Jun
5
19%
Jan
'24
31% Mar
'42
8
83/8 Jan
15
28
107 '
26
Aug
,
1
Aug
9
Mar 26
8 3/i Apr
7
15%Jun
3
28
90
28
Jun
34 % JaA*
112
54%
32
Jun
Feb
9%
78'/a
Dec
Dec
Oct
Dec
Dec
Dec
34%
Dec
108%
Dec
Feb
27%
Nov
Jan
10%
108%
22
26
11
Jan
373/a
63,4
3
Mar- 5
29
Feb
Dec
AUg
243/4
35% Jan
33% Jan
Feb
13
Dec
Oct
No par
35% July 27
423/4 Jun
4
273/4
Jan
39
Dec
No par
& Co
.Kroger Grocery & Bak
.1,700
-21%
124
Jan
6%
22
72% May 14
(S S)
Apr
Dec
117
1.
183/4 Jan 26
—No par
43/4%
Mar 26
223% Jan 23
22% Mar 10
Kresge
124
23% Jan
Keystone Steel & Wire Co
No par
Kimberly-Clark Corp
■
No par
Kinney (G JEt) Co
—
1
-5,140
283/4
42
&
1,100 \
2,000 .//•- - $5 prior preferred
2,300
; Koppers Co Inc.
28
*41%
Dept Stores
(Julius)
Kelsey Hayes Wh'l conv
'
Class B
Kennecott Copper
"-'1,000
14,500
32
*91/2
3-j'*
23%
223/4
36%
36%
'*■■■!
Kaufmann
Kayser
200
23
27%
*27%,
•
31%
281/4
,
34%
36%
107 7/a
r >::
r-
400
200
20
26%
46%
'
31%
46 y4
47%
*18%
31%
;
31%
33
*46%
V
33
26
20
"
37
36'/a
*31%
">
*19
33
26%
t
*223/4
22%
'
}■»'/
20
32%
32%
27
32%
*25%
*19%
*32
*26
Jan
13
Jan
16%
1
20
117
L of ser B
Southern
non-cum preferred—
Kansas City
4%
28% Mar
.10
No par
No par
100
*
1
!_5
cl A
:_1
Furn
Kan City P &
—
'
24%
Stove &
37
44 Va
7
31%
Jan
37%
Nov
X31%
Dec
31%
Dec
49'A
Dec
Jan
24
May
i
»sV
5%
5%
5%
34 %
34
52%
52%
51
53
53
52
*34
T,;
,
-t
53/a
5%
5%
5%
53/a
5%
22,000
34%
34%
34%
1,200
53%
52%
52%
700
Lane
53%
54
54
500
Lee
14
12,000
34
52%
53
52%
52
*51%
53%
53%
'
13%
13%
13%
13%
13%
13%
13/a
133/4
133/4
*31%
321/4
31%
31%
32%
32%
33%
33%
34%
'343/4
11%
12%
113/4
12%
11%
12
11%
12%
2%
45%
3
45%
2%
43
42%
42%
41%
42i%
221/4
22%'
22
22%
951/4
*187
95%
190
52%
94%
*188
*33%
36
52
50%
1,900
Lehman
1,000
20
59
52%
*52%
54
*53%
55
95%
*93%
95%
*92%
943/4
94
188%
34%
x93 %
83/4
93%
1873/4
188
33%
36
80
*33%
36%
200
523/4
.1,200
Preferred
——
1 %
Jan
2%
8
153/a
Feb
39%
Dec
29%
Jan
38%
Dec
5
20 Va Jan
3
24
Jun
26
18%
Jan
21%
Jun
^1
Jun
5
17%
Dec
42
22 *
51% Jan
24
73/4 Jan
2
78
Jan
3
95% Aug
2
100
181
Jan
5
195 % Apr
25
No par
32
Jun
15
Jun
86%
Jun
174Va
Jan
263/a
182
Dec
Nov
Dec
—No par
No par
No par
Dec
19% Jan
22
24% Feb
7
173/4
Nov
34% Feb
13
1934
jan
.Tun
28
14%
Jun
9
403/4
Feb
21
8%
Jan
29%
30%
31 y4
-1,300
273/8
253/4
27%
23.800
Lockheed Aircraft Corp—
26
25%
263/a
16,300
Loews
55
55
55
56
57
58
2,700
tone
183%
18%
19
19%
20
2,100
Long Bell Lumber A-
*18
83 %
Jan
32%
25%
18%
49 %
Jan
67%
44
25%
18
Jan
68%
52
29%
18%
39
Apr
27
55
3
Feb
257/a
25%
95 Va Aug
53% Aug
8% July
Jan
30
54%
2
193/4
Apr
37
26%
26
Jan
Dec
Jan
6%
36
25%
55%
78
May 5
9% Apr 17
8
55% Jun
65
Dec
1
27%
30
47% Mar 28
8
7
Ljnx Belt Co—:
29%
17% Jan
par
—7
8
—25
33/4 Jun
Mar
Lion Oil Refining Co
26%
Dec
59 Va Mar
26%
*29
Dec
8Va
51
1,300
20%
Oct
31%
Jan
22
1,600
20%
12%
Apr
25
21%
21
Jan
4%
41% Jan
45%
*20%
8
21
v
473/4 Jan
*20%
45%
18
>:
20
10
——
Lily Tulip Cup Corp.
52
44%
21%
Feb
Lima Locomotive Wks———No pat
52%
453/4
"
37
17% Jun
—25
51%
45
188
4
24
30
Jun
—
45
21
footnotes see page 691.
*185
26
Jan
6% Jan
Apr
%Jun
Life Savers Corp
Series B
16 % Jun
12
29% Jan
26
50
Liggett & Myers Tobacco
51
25%
For
100
200
900
38 t
22
47
(new)—No par
93%
94
26
Jan
22
Libbey Owens Ford Glass.—No
55
94
Apr
17% Jan
55% Jun
47
2% Mar 26
LIbby McNeill & Libby—
45%
45%
*181/4
93%
Lerner Stores Corp
2,800
'4,600
14,700
50%
55
—<
*53%
8%
50%
22
311/4
8%
15
36% Jan
Lehn & Fink Prod Corp—
19%
Jun
1
42%
223/4
58
2
19
56
24
35% Jan 22
(The)
42%"
19%
7% Feb
35% Jan
Jan
50
22 3/4
Corp
10
25
50
5
3
30
—No par
preferred
223/4
57%
34%
conv
423/4
8%
188
6%
-
22%
18%
190
5
42
45%
281/4
4,300
553/4
93%
43/4 Apr
31% Jan
-
Lehigh Valley RR
' Lehigh Valley Coal
2,300
83A
94i/2
& Tire
42 3/8
22
31 %
3
46
Rubber
22%
45%
271/a
23/4
44%
19
*33%
511%
42%
*22
3
45%
56%
8%
*94
43%
8%
19
56
8%
54
2%
44%
187/a
19
55%
8%
96
2%
44%
56%
19%
56y2
*52%
'
8%
191/4
56 y8
*94%
*23/4
2%
45
Bryant
Lehigh Coal & Navigation Co
Lehigh Portland Cement
9,200
v#
(The)
Lambert Co
1,900
13
13
100
-No par
-No par
Laclede Gas Lt Co
5%
34%
34
*51
34
Liquid Carbonic Corp
Inc
1—
Star Cement Corp
Mar 28
29% Jan
2
19% Jan
No par
31
25% Aug 10
No par
50
Jan
23
No par
15% Jan
6
39
30
Dec
■22% May
30 % Dec
23%
Nov
283/4 May 17
60 % May
21% Jun
•53
16 3/a
Dec
Dec
[Volume 162
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4411
RECORD
NEW YORK STOCK
Monday
Saturday
Aug. 4
$ per
$
share
f per
share
per
42%
44'/a
24%
*43 %
24 %
57
57%
56%
58
57%
25%
25%
57%
*317/a
323/4
V,
(P) Co
preferred
a
Louisville. Gas & El A
~56% ~573/4
4,800
200
MacAndrews
M
*31%
53
52
52%
36
36%
35%
357/a
35
53%
54
>2,300
34%
353/8
353/8
36
300
1093/4
108%
108%
*1073/8
1093A
*1073/8
1093/4
*107%
18%
*17%
18%
*17%
18%
*17%
*18%
183A
18%
18%
18%
18%
18 3/a
9%
15%
4%
5%
*5
9%
*26'A
28
Sugar Co
Mandel
Bros
.
Corp
prior pfd
17%
16%
173/s
16%
163/4
.16%
163/4
16%
16%
1,030
Market St Ry 6%
25%
25 >■
25%
25
25'A
243/4
25%
25%
6,800
110%
*108
110%
25%
110%
Marshall Field & Co
25%
25 %
26%
11,000
7,900
1,500
Martin-Parry
110%
*108
26
*108
110%
*108
25
26
j. 26%
26%
253/4
26%
26%
18%
18%
17%
18 >?
17%
19%
17%
20%
19%
41%
42
423/4
43%
4%%
20%
42
433A
36%
36%
36%
106 %
106%
*105%
11%
10%
*45
453A
45%
'■
41 Va
106%
*105%
106%
105 %
33
.;
17%
17'A
23
15
*103%
66
16%
*110
65%
6 5 3/a
'>■
36%
36%
36%
»'
41
>>.:
*1097/a
112
26%
*108%
110
114
;>>
111%
"109%
112
109
*108%
109
9%
10
'
>>
24 3/s
24
24%
13%
143/a'
12%
13%
12 5/8
14%
12%
.15%
40'A
35%
373/8
35%
38%
30%
39%
39%
40%
42%
25
24%
,
41
41
40
40
39%
29
29
28%
28%
28% H 28%
87%
87%
87%
88
88%
*112%
115
*113%
113
113
*113
115
*113
107
107
*115
*113
*106 VB
1073/B
59%
61%
46
*45%
457/a
*45%
46%
45%
45%
*43%
39%
39%
39%
39%
39%
393A
38%
393A
39%
39%.
38%
39
38%
26
26
36%
36%
39 3/«
28
36
36
' •
93
97
92
*100%
253A
23%
23%
12 3/4
*243/4
253A
12%
18'A
58
*57
*57
-
18%
173/4
43%
44
25
24%
19%
,19%
>
123/4
x
20
43
>
12%
13
17
17%
17%
18
18
25%
25%
25
253/a
25 y*
190
*186
22
22
22
21%
*21%
143/4
143A
14
14%
14%
14%
14%
15
34
34%
34
34
33%
33%
33%
14%
145/8
133/8
14%
14%
14%
14%
14%
14%
31
30%
31
30%
31 /
21%
22
*11%
22%
22%
213/4
223/4
*11%
12%
*11%
12%
413/4
413A
41
41%
42%
42%
*41
41%
16
V
16
1023A
:
xl4%
26Va
1023A
26%:
184
184
160%
160%
16%
16%
243A
243A
*34
10%
73%
34%
11
'73%
153/4
102
25%
.
*158
186
185
162
24%
*34
*158%
*16
16%
15
14%
14%
>
,30
7,100
22%
22 3A
233/a
12%
*11%
41
403A
413/4
42
16%
16%
17%
*16
163A
103
y
158%
*158%
,163/4
16%
163A r
26%
27 J/4
38
35
10%
11%
24%
24%
24%
243/4
26
34%
34
34%
*33%
-
35
11
,
500
1,400
300-
,
10%
10%
10%
103/8
72
73
71%
72
71%
72%
72%
73%;..
23%
24%
24%
25
2,800
23%
*23
23%
15%
15%
15
15%
15%
153/4
15%
16%
4,200
27
28%
28%
28% V
1,300
101%
*101%
102
390
105'
*103
105
50
*18
11%
16%
*39%
*106
273/4
273A
100%
.
273/4
100%
100%
103%
103%
103%
18'A
18
18%
173/4
18%
11%
11:
11%
11
11
103%
16%
41
109
*102%
153/4
*39
*106
15%
*153/4
40
*39%
109
*106
*76%
*76%
80 %
*76%
793/8
104%
104'A
1033/4
1033/4
105
108%
*107
*107
108 %
'107
16
•40%
109
80%
105
108%
101%
*103
18%
17%
18%
11
r.
11%
16%
*39%
*106
.11
17:
17%
*39%
41
*106
109
,
800
18%
5
80%
*76%
105%
1033/4
108'A
*107
120
conv
Newberry Co (J J)
5% preferred series A—New Jersey Pr & Lt Co
108 %
119
Apr
114
Nov
119%
Sep
106% July 26
47% Jan 12
113
Jun
Jan
113
2
41
•
657/a July
47
26
Mar
21% Jan
Oct
Oct
15%
Jan
24%
283/4 May 17
16 3A
Jan
25 %
Dec
6
40
5
26%
Apr
333/4
Dec
6'
16% Jun 27
4%
Jan
10%
Oct
May 17
32
23% Mar 27
•*
May
97% Mar 27
106
Jun
16
72
Jan
Jan
8
31
Jun
21
20
X82% Feb
15
100 % May 28
70
Aug
May
4
110
Nov
22
100
Oct
24 % July
84
Nov
1163/4
Feb
5
193A Jun
20
87/a
Jan
14 3/a
Aug
Jan
5
58% Jun
30
43%
Jan
53%
Oct
15% Jan
20
115
109% Jun 21
Jan
13
53 >
Jan
22 3A May
11%
Apr
17% July
35% Jan 23
54
Jun
7
21
28
Jan
413A
Dec
2
27
Jun
26
137/a
Jan
20 %
Dec
16 % Mar 27
29
Jun
28
18
Dec
193/a
Dec
16
Jun
25
9
Jan
13% July
13% July
15% Dec
20'A Jan
9 Va Mar 26
11% Mar 21"
:
22 3/4 Jun
24
13% Jan
23% Mar 26
26
5
192
182
Jan
10% Nov
153/4 Jun 25
9%
27
May
Jan
20 3/8 May
:
243/4
Dec
Apr
9
24
165
Mar
181
Dec
26
18
Feb
21
Dec
Jan
17%
Apr
34
Dec
28
26
xlO
Apr
Sep
27
xll%
Feb
143/a
X323A May 18
19%
Jan
253A
13%
Jan
243/4
8%
313A Apr
6
12% Mar
9
16% May 18
4
16
35% Jan
4%
No par
100
pfd-100
—10
J
Newport News Ship & Dry Dock—1
$5 conv pieferred
No par
343/4
35
2,500
Newmont Mining Corp
243/4
24%
253/a
3,200
Newport Industries
18 3/8
187/s
183A
19%
4,400
*110%
1103A
*110%
110%
■
July 26
113;
x363A Jun
serial preferred—100
35
'
Jan
887/a
28
25
—
23%
'
25
117
13
Jan
24'A Jan
2
21% Aug
9
5
113/4 May
37
Jan
Jan
267A Feb
28
233A Aug
Dec
Dec
Dec
12 3/a Mar 14
4
113A Jan
12
443A Jun
22
2
13
Jun
30% Feb
37% May
44
26
Jun
1
19 'A May
108
102
Jan
5
24
Jan
2
7
Jun 20
26
1
Jan
9
Feb
87'A
Jan
Mar
37
Dec
14% July
104aA
Dec
25 Va
Jun
7
19
Jan
May
5
164
Feb
181
163
177% Jan
29% May
192
>
May- 7
Feb
5
141
Jan
159
16
Dec
22 VA July
Apr
23
18
16% Jan
21
17%
28
28%
Apr
113/a Jun 22
5%
Feb
77% July 11
577/e
Feb
11%
Feb
21
Jan
29
Jun
33
Jan
37 % Jun
7% Jan
65
Apr
Dec
Dec
Jun
34
Jun
73A
70
Dec
July
'
No par
1
43A%
IO33/4
Sep
.—4
Neisner Bros Inc
80 Va
105%
193/4
173A Jan
No par
——10
Natomas Co
Nehi Corp.
,
Dec
Jun
74% Apr
111% May
33
No pay
1,400
2,600
41
Dec
l87/a
39%
97% May 8
116
Jun 28
h
1
173/4
109
6%
Jan
Jan
18
34%
2
19% Jun
23
1103/a
2
79% Jan
27 Va Jun
35
*110%
25% Jan
111% Jan
8%
29
30
Feb
8
Jan
23
110%
18
46% Apr
22% Aug
34%
*110%
497/a Jun
3
2% Jan
18
22
Jan
5% Jan 22
Oct
Jun
23% July
2
.
22%
1103/8
163A Jun
16% Jan
36
1
cony
34%
*110%
Feb
-No par
(The) Pa
.—10
preferred
—40
5%% prior conv preferred—100
6% prior preferred—
—100
National Tea Co——,
10
$2
22
18%
173/4
23
National Supply
34%
183/4
8
13% Jan
National Sugar Ref Co
11%
*76%
*107
,
23%
18%
31% Mar
No par
No par
National Steel Corp
34%
19%
2
Dec
9%
111
20% Jan
7%
6%
23
18%
22 % Jan
No par
1
—1
No par
No par
10
preferred
34%
18%
Jan
National Power & Lt_—i——No par
2,600
100%
93%
10
/ National OH Products Co
25,800
10%
*27
Jan
19
24% Jun
preferred A
100
preferred B—
— -100
National Linen- Service Corp.——1
Nat Mall & StT Cast Co
No par
7.0
112
No par
National Lead Co——
60
162
23%
*102%
$4.50 conv
170
16
273A
6%
119%. Jun
3
100
1
1
1
10
5
—10
100
National Gypsum Co_
6,400 •
26%
188
158%
Louis
Nat Enam & Stamning
23
101 %
23
4
No par
Nat Distillers Products
12,700:
*186
187
187
162
26
25%
25%
186
*102%
103
103
-100
10
Products
National Dept Stores
6% preferred
400
42
15%
15%
273/4
11% Jun
109% Jan
Dec
Nov
9% Jan
Corp
4,700
41
413/4
22%
101
>7% Mar 26
Dec
113
108 % May
107
Sep
24
46
/ 114
Jun
National Cylinder Gas Co
3,400:
f
>
Mar
20
.' Nat Dairy
12%
,
Dec
OCt
36% Apr
105
5
31% Jan
National Can Corp
1,300
31
31%
*11%
253/4
Share
2%
13A
2
7
213/4 Jan
Nat Cash Register
21%
1023A
&
Dec
Oct
National Container
40%
25%
Bond
19%
Dec
preferred
2,400
153/4
102 3A
26%
Nat
400
Oct
111% Apr
h
Oct
12%
Mar 13
114
109% May 21
108% Aug
7
Aug
58 3/4 May
35%
Biscuit Co
2,900
41%
102
Aviation
National
7%
4
May
July
39
1443/4
Apr
21
Corp
National
343A
30%
5
473A May
113% Jan
Jan
21
preferred
conv
4,300
.
19
Jan
46
74% July 11
22% Jun 18
44% Jun
Co
4,400
41
15%
St.
,4,600
25 %
,
12%
16
185
*16.
40 %
*41
>
6%
Acme
22% >
15%
14%
14%
xl4%
14%
30 y8
&
Chatt
33%
...
14%
14%
Nashville
-
27%
116%
6
Sep
443A Jun
Corp
Nash-Kelvlnator
1
14%
33% ;
14%
109
Mar
160
Mar 24
>15% Jan
23%
24
453/4 May 17
7
(G C)
preferred
America
Myers (F E) & Bro
190
*22%
21%
/
Deo
8% July
28% July
"
32% Jan' 23
43A%
28,000
19
,
*186
>
190
22
*21%
Dec
107
111
Aug
537/a Nov
Nat Automotive Fibres Inc
25%.
*186
Aug
38
42
Murray Corp of
2,200
125/8
190
Dec
39
Jan
Apr
Murphy Co
6,800
18
*186
55%
Mar
27
Jan
No par
No. par
No par :
14'A
25
v
Jan
25
2
July 10
72
3
Jan
1
14%
17
190
37
9
>
35%
$7 preferred-^
9,500
Oct
41%
class B
13%
12 %
Dec
107%
National Airlines
18
16'A
9
Co
National
25.%
*186
Brass
4,300
123A
Jan
—No par
5
.
2,400
25%
12%
Corp
24%
13
8%
Sep
11
Muhslngwear Inc
J
> r 400
420
Wheel
25 %
X13%
Nov
38% Aug
25
24%
12 3/4
38%
45% May
5Q
243/4
18
12-%
50
.
s
Apr
10
;
Motor
-
,
31%
44'JA Mar
Certificates of deposit-.
*11%
21%
23%
12%
60
£3
243/4.
22
»
-r
•
19
X41% Apr
Dec
1
<& 'Essex
Morris
'
90
110%
17%
43%
123/4
95
95
110%
'
58
22%
•
94
Jun
No par
C
Motor Products. Corp
/.
"100
Jan
3
37
53.
—No par
B
$4 preferred series
500
29
28%
94
94
•
103
*100
28
13
Jan
33% Mar 10
54% Jan
No par
1,700
'
103
Jan
70
14% Mar 10
Montgomery Ward & CoJ—No par
(John) & Co
—No. par
14'/a
96
12%
2
Morrell
.
Mulllns Mfg Co
*27'/a
27%
213/4
,
Preferred series
'v
Mueller
173/4
25
Jan
7%
1,400
*99
8
82
243A July 10
3
35
•
Oct
Dec
193/8 July
3
May 21
16 "
Jan
Mohawk
4,400
14%
103
16% Aug
22
105% Aug
12
94
10
Corp
15
*42%
*25
Mission
373A
17%
.
>
;
111
103% July 27
98% Jan
PA Mar 27
1,500 i
>>>•"":
26% Jun
42'A Mar 26
14%
111%
18%
3
No par
37%
15%
433/4
Sep
Regulator
.—3
4% conv pfd series B—-—*100
4%% preferred series C
100
4% preferred series D100
Minn Moline Power Impl
1
$6.50 preferred
Nonpar
15
'110%
17%
103
12 3/8 Mar 27
SS M A vtc—No par
353A
16%
43
1123A May 23
17% Jan
,-10
vtc_
B
353A
37%
111%
18%
24
Minn-Honeywell
29% 1
15%
*57
Dec
137/e
3
27
*110%
58
1043/4
Feb
24
26%
16 %
443A
18%
*93
94
Apr
10
Jan
29%
.
111%
*57
58
*44
*26%
27%
Nov
97
Jan
28
25%
111%
•
16%
*57
>
13%
101%
283A
9
18
Mar
19% Jun
35
Class
470
-
21% May
108
•
137
1,350
-
Dec
553A July
1093/4 Jan
1st preferred
25%
26%
26%
15%
1113/8
16 3A
>
*26%
27%
*26%
111
100%
103
,
*36
14%
14
>
14%
:14%
*101
>.:
26%
;
39
39
27%
39
27%
27 Va
-
26 3/«
26
Oct
22
104% May 21
13% Jan 25
No par
40
39%
39%
.
Petroleum.
Steel
cum
Minn St P &
100
46%
26%
Copper.
Products
10,100
39%
*27%
33'A Jun
323A
Feb
Mar
31 % Apr
20
'45%
*■
Apr
Apr
14
6
24
Apr
47
243A Jun
61% Mar
Jun
112%
Feb
27
Apr 28
18
39
Jan
Oct
21
Jan
2
:
V' "'-
63%
61%
16
109 3/8
Dec
29%
Jan
243/4 May 18
Jun 27
Jan
600
107 3/a
>*106%
&"■
193/4
115
'26
1,700 i
>
9
July
110%
Apr
"
115
11% July
44
32% Mar
106% Mar
193A Jan
preferred series A_.
-100
Carpet Mills
-20
Monarch Mach Tool——No par
Monsanto Chemical Co
10
$4.50 preferred' ser A
-No par
116
115
60%
60
60 V4
59 %
115
Dec
Nov
Dec
1,100
28 Va
247/a
4% Mar
27
43% Aug
30 % Jan
Jun
176%
Mar
Mar 15
49% Apr
112
29
23
13% May 29
4
15
Sep
51% May
5.
52
Mo-Kan-Texas RR
923A
91%
115
115
107
61'A
43%
> 28%
x90
170
May 17
'..May
1073/4 Jun
8% Jan
193/4 Jan
53,300
44
*113
116
107
107%
60%
38
110% Aug
51,900
>>
39%
•:
16
195
27% Jan
No .par
5J
Co
,273/a Feb
12
12
,
25% May
193/4 May
6
400
V
29
*28%
X89
883/4
*113
115
*106%
1st preferred
32% Feb
107
4,900
15 ■.>
13%
36%
■
Apr
26
"
r>
Jan
,1
10
24%
Dec
47A
37 %
5
13
29
6,800
116
24
253/4
Jun
'
>
:
Jan
9% Mar
i
10'A
*113%
38%
24 3A
109
Dec
li%
7% Jan 23
2,300
10
May
20
4
—100
Minneapolis & St Louis Ry—No par
2,900
>
>
112
9%
T
>
:
21
106% May 16
8%
-
111 Va
"*109%
,
:
3%
45
Jan
13% Apr
—5
2,600
17
12 %
8
5
47 % May
Mar 26
110% Jan 29
1
Oct
6
28
243A Jun 20
403/4 Jan
1
50
Midland
1,000
.■*108%
24%
-24
18% Jan
,
Dec
26 / Jun
% July 17
1043/4 July 24
—I
Mid-Continent
400
66
v, *110
113
113
116
*1123/8
114
114
5110
9%
Jun
34
100
10
Co
Corp
Machine
Miami
120
15%
109%
93/a
8%
Metropolitan Edison 3.90%.pfd—100
5,400
41 Va
159
iM 3%
c>> 443/4
3%
*108%
27%
2 6 3/e
Mfg.
(The)
conv
Mesta
1,800
159
433/4
93/4
Jan
23% Jan
•
1
Merch & Min Trans Co
10O
7%
17
35/B
43%
108%
108'A
5%
>
1,600
41
40%
64
3%
9%
•.
300
67
43%
109%
112
330
38
41%
35/8
111%
65 Va
'
•
4 3'a
*110
Mengel Co
7%
27
15%
16 3A
Melville Shoe
6,300
108'A
1593/4
67
65%
16%
/;•
>108%
10%
158%
2,700
39
39
39
6%
176% Jan
par
No par
37%
73/4
26%
26%
20
27% Jan
$5.50 pfd ser B w w
22%
*33
108%
7%
1583A
65%
111%
*109%
108%
75/8
*38%
158%
43%
*110
y
40 3/4
41%
75/8
3%
3%
43
111%
*112%
66%
109
8% Feb
9
9% Mar!26
preferred series A——No par
No par
$6
110
643/4
21 %
*40%
Aug
40
,—5
preferred
213/4
*30
*108%
4
30% Jun
:-18
Co
Stores
36%
>:
*64
16%
3%
93A
:
21%
68
43%
v.
21%
40
17 Va
3 Va
43
37%
159%
69 VB
17
37
27%
26 3/B
1583/4
158%
*67%
37%
7%
39%
41
158%
103%
106
203A
Jan
22
No par
Mead Corp
108
*103
37
109 >
7%
27%
27
*40
*104%
106
41
41
7%
7%
108
103
103'%
2%
21% Jan
.
—
McQuay-Norris
3,700
-
104%
65
*108%
5%
16
15%
15%
14%
preferred
McLellan
700
23%
23%
23%
$4
.jj
1,500
15
y*
16
243/4
53A July 13
18
—No par
Mclntyre Porcupine Mines
McKesson & Robblns Inc
5,700
l'.
113
*111
113
23%
Feb
Feb
109% Jun
*
—1
100
McGraw-Hill Pub Co
1,700
v
18
173/4
108
36Va if 36%:
109
-'
173/4'"
'
300
10% Dec
Apr
10%
183A
110% Jun
No par
McGraw Elec Co—
1,300
-
29%
*143A
21%
65
•
41%
41%
*108 %
20%
65 Va
22
65%
:
105%
*104%
37%
39
21%
*36%
29%
*1043/4
111
23
106
.37
57%
29%
105 3/a
173/4
113
SM; 23
57%
.
28%
17%
*111
33%
23 %
1033/8
29%
107
*17
33 VB
Jun
3
29 % Jun
15% Apr 16
18% Jan *22
No par
No par
Corp
Oct
Dec
391
Jan
67/a
13
Dec
19
22%
1% Mar
;;
£
No par
McCrory Stores Corp.
5% conv preferred w w
20
23%
...
573A
57%
58'A
29
108
*103'A
37%
37%
22%
143/4
14%
*104%
106
323A
22%
58
23
108
15
323/4
22%
-
.
2,100
'
111
*110V4
110%
323/4
*1043A
113
23%
23%
*104%
110'A
110%
preferred
preferred
$6 1st cum preferred.,
315
6
108%
3%, Jan 1 2
100
$3
2
16% July
20
No
-
2,100
24 Ve
23%
22 %
17%
♦111
113
*111
23%
Wks
McCall
>>>>42 >\"43>>>
43%
22 3/b
,
Jun
10% Jun
17
Jan
1
Alkali
Maytag Co
112
*110
112
32%
*
107
17'/8
600
110 %
295/B
29
*1043/4
107
6,100
47%
413/4
22%
58
573/4
.'
•29 3/a
29'A
42
22%
22%
*213/4
58
57%
*1043/4
413/4
32
32
22% : 22%
*110
112
*110
112
*110%
112
*323/a
46%
46%
12%
47%
Jan
143A
Aug
Jun
13
,Jan
Oo__
Dec
>38% May
x263/4 Aug
14
22% Jan
14
jYo par
No par
Corp
Dec
Nov
48
i
455
3
30
148
27
i
Department Stores
$3.75
70
11%
47%
*46
105%
11%
11
11
7% May
Apr
Feb
19
7
24
preferred
7%
36%
42
22'A
*1103A
May
36%
23
41
23%
Mathieson
2,800
36%
103/4
112
40
1,500
36%
46
.
*23
1,200
-
*110
112
*110
29
24%
363A
11
Elec
193%
29
106%
106%
11%
Jun
par
Co
Corp
24
36%
363A
Masonlte
Oct
Jan
104
100
L)
(Glenn
*190
193%
*190
Martin
Deo
247/s
,
Feb
253A
34%
3t
Mar
110
3
Mar 28
17
425
Apr
36% May 29
22
16% Feb
No par
preferred
Master
24
23%
233/4
193%
■
28%
28%
28%
23%
*190
193%
*190
193 %
28%
24
233/4
24 %
24'A
28%
28'A
28%
*28%
*190
42
42
42%
42%
■
59
106%.Jan 24
L. 1
5
100
Exploration
17%
*108
Jan
135
May 29
155
2
*
5
Midland
Marine
13,300
8%
8
No
Maracaibo. Oil
Dec
20 3/a July
165
Jan
21
33 % May 31
3
31% Jan
Manhattan Shirt
'3,300
43A
4%
8%
8
•8
-
Apr
20%
1
44
Jan
17 3/a
151
5
Jun
60
1
43A
4%
Manati
100
16%
July
16
Jan
473/4 Jan
No per
100
No par
—10
_50
—1
Garden.
200
1,500
93/a
*15%
28
*26%
43/4
8
8%
8
8
7%
93/8
16%
*1 K
28
43A
5
10
28 3/4 Jan
147 •
100
Magma Copper
Mahoning Coal RR Co
1,900
460
*440
28
2
Mr y 18
27% Mar
2
-
Mar 27
52
par
No
Inc
Madison Square
18%
18%
18%
183
23% Jan
-10
preferred/
Macy (R H) Co Ihc_
4%% pfd series A
18%
*17%
25
4
Jan
Highest
I per share
share
per
,
Forbes
&
Mack Trucks
100
109
*107%
,
460
8%
8%
15%
*26%
28%
*26%
27%
27%
15%
i
18
*440
8%
15%
9
*8%
16%
460
*445
460
*445
455
6%
20
*152%
53
*17%!
9%
155 t
155
5i3A
35
53
*15%
31%
*152%
52
455
317/s
52%
155
*152%
154
154
155
*153 %
*31%
323/4
*31%
323/4
2
166
No par
50
-
50% May
20
18% Jan
100
Nashville—..
Louisville &
I per share
40% Feb
—10
-
1%
Year 1944
Lowest
Lowest
I per share
.
—23
Lorillard
60
500
57%
33%,
1
25%
56
*25%
25%
:
176
Biscuit
Lbose-Wlles
2,000
24%
24%
"172
176
600
443A
*44
44%
24'/4
24
*172
176
Par
Shares
$ per share
i per share
43%
43%
24 %
24%
*172
175
25%
25%
25%
}
share
*42%
24%
*172
174%
174
43%
24%
.:. >
$ per
shara
>
EXCHANGE
the Week
Aug. 10
Aug. 9
■
Range Sim f January 1
Highest
STOCK
YORK
NEW
Sales for
Friday
Thursday
Aug. 8
Aug. 7
Aug. (>
Range for Previews
STOCKS
HIGH SALE PRICES
Wednesday
Tuesday
AND
LOW
15
263A July 26
33% Marl6
243A Nov
17% July
30% Mar
Doc
i):C
92% Jan
15
105
Jun
14
79%
Feb
95
17
105
Jun
11
83%
Jan
98%
97% Jan
3
Jan
113% Nov
107A Jan
5%
10 3/a Jail
3
12% Feb
24
153A Mftr 26
30
Jan 22
18% Apr
18
103
Fib
6
66
Jan
4
1033A Aug
7
4
3.2 % July 26
183/a Jan 25
16% Jan 22
109
Jan
9
105 % J in
22% Mar
X43
6
May 29
108% Mar 12
81% Jun - 7
110
Jan
26
g|087A Apr 28
^393/4 Feb 28
23
26
110% July 18
28
Jun
197A Jun
9
Mar
11% July
18 3A July
13%
Jan
22
Jan
32%
96%
Jan
105%
56
Jan
106%
104
27%
Dec
Dec
Apr
16% Apr
13
Jan
97
Jan
68
110
Dec
Oct
IlJV
Jan
106
Dec
35
Dec
22
July
18%
109
Dec
Dec
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
LOW AND HIGH SALE PKICES
'
Aug. 4
«
I per than
.Aug. 7
25%
60
127
127
;
47%
47%
48%
49
24%
25%
24%: 26%
25%'
26%
58%
58%
59
57
60%
*47
'
125'A
127
31
31%
31%
31
31
26%
24%
24%
*51
55
104%
*
*194%
104
104%
249
249
*119
121
*119
54%
'
198
*51%
54
*52
55
194%
194%
195
195
104%
104%
104%
104%
18%
18%
18%
17%
*40%
4iy2
42%
249
*119
121
122
25
103%
24%
25%
25%
56%
*54%
56%
*55%
56%
100
6%
58%
*571/2
58%
58%
58%
200
5%%
11%
10%
11
10%
11%
19,000
*109
1091%
110%
110%
*110%
11
10%
•109
27%
111
*110%
37%
36
37
361/4
37
51%
50%
51%
501%
52
10%
10%
10%
101%
10%
*52
54
18% July
Jan
44%
Dec
162
Mar 26
200
Jan
198%
Jun
104
July 26
Aug 10
105% July 23
24% Mar 14
,14% Jan
23%
American
20
111
Northwest
13%
108%
108%
*108%
220
Northwestern
*10%
10%
10%
10%
900
*52
54
xl3%
"52
13:
xl3%
700
100
Ohio
Edison
11,800
Ohio
Oil
Jan
218
Dec
2
116%
Jun
122%
Dec
Mar
2
26% Jun
28
6
58% Feb
23
16
59
9% Jan
20
14% July
105% Jan
9
110% Jun
26
100
17% Jan
31
35% Jun
26
19%
xl3% Jan
15% Jan
Dec
52
Jan
56
Oct
51%
Jun
54%
Dec
7%
July 31
Jun
11%
2
Oct
Dec
106
Jan
22%
Dec
Apr
Jan
115%
26% Mar 27
47% Jun
28
17%
Jan
31%
46
52
Jan
11
37%
Feb
50 Va
Dec
11% Jun
1
7
July
110
50
6
July
Apr
116% Mar
11
6% Jan
No par
50
Norwich Pharmacal Co
14
Sep
Jan
193%
53% Jan
pfd.No par
Preferred
54
124
19% Jan
Dec
33%
21
Jun
50
100
Telegraph
47%
21
44% Feb
251
1
Norwalk Tire & Rubber
13%
13%
51
■
53% Jan
No par
43 %
50%
Jan
50
Airlines
41
129
July U
1
Jan
9
50
Aviation
50%
July
2
118% Aug
10
42%
20
219
100
;
36%
-
37% Jan
100
series
50%
7,400
17
—.—5
Ry__
non-cum pfd
preferred
28% Jan
1
industries—
Western
54
13%
13%
*110%
111
Jan
30%
10%
*52
54
*110%
/
•
Dec
29%
11%
Northern Pacific Ry
Northern States Pow $5
33,800
Dec
118
24%
Northern Central Ry Co
29%
Jan
8
preferred series
North
Dec
62
57
North American Co
15,800
110%
27%
29%
26%
111
37%
*50%
*109
111
*109
26%
27%
25%
39% Jan
Dec
35%
25% Jun 23
Noblitt-Sparks
25%
2
2
—
23%
Jan
Light 3.90% pfd—100
Norfolk
*57%
16
Jan
Mar 26
Harlem RR Co
Adjust 4%
Jun
50% Aug
Apr
15%
19%
Jan
SLtpbldg Corp part stk
121
35%
\
15
17
&
820
*119
148
15
41
Power &
&
Jan
par
N Y
Y
51% Feb
Mar 22
103% Jan 23
100
No par
...—No
N
300
251
121
*119
75% Jun
N Y
1,800
251
32% Jun 26
590
:
42%
42%
42
22
22
20
-
17%
*54%
26%
13%
198
17
45
21% Jan
i
Highest
I per share
I per share
No par
—
—SO
Dock
$5 non-cum preferred
58 3%
*57%
28%
x
*192
*104%
,
55
11
109%
.*52
*54
9 per share
32
preferred series A
York
New
100
9 per share
par
No par
N Y City Omnibus Corp
2,000
26
251
249%
1,000
31%
*24%
18
42
250
2491%
28%
x:
31%
.V
26
6%
25%
11%
*109
31%
128
Lowest
Highest
-No par
—100
Central
York
56
58%
11%
1271%
31%
*24
New
N Y Chic & St. Louis Co„
2,600
25
56%
*57%
.126%
New York Air Brake—
900
67,800
V
Year 1944
Range Since January 1
Lowest
>
.
56
25 %
25%
*56
31%
26
*40%
41%
41%
248
126
*24
V 18%
19
60%
104%
*52
198
18 %
126
48
Range for Previous
EXCHANGE
;.x
Sharet
I per ihara
25%
*24%
*194%
i per snare
r per snare
the Week
59%
47
STOCKS
V NEW YORK STOCK
Sales for
Aug. 10
Aug. 9
24%
47
26%
60
Friday
Thursday
*58%
125%
48
*47
io
Aug. 8
9 per share
snare
per
RECORD
,■,
Wednesday
T"esd*y
Monday
Aug. 6
Saturday
Monday, August 13,1945
2
50
55
Jun
3
14% Jun
12
4% Jan
16
Mar 17
2.50
112
3
12% Jan
Dec
Jan
53
Oct
18
12% May
16
Jan
1113/4 M^r
7
104% Nov
109
Dec
20% Feb
28
;x 40%
O
*108%
110
*108%
110
109 %
*108%
110
100
107% Jan
par
24% Jan
24
convertible preferred—100
106% Jan
3
6
11% Jan
2
Jan
Co
4.40%
pfd.
'
17%
17%
17
171/4
17
17%
17
26
25%
26
25%
25%
25%
26%
107
107
107%
107%
107%
107%
107i/2
12%
13i/4
12%
13%
117%
117%
13%
13%
*117
118%
117%
18%
*161
*23%
77
23%
:yx
;
62%
61%
231/4
76 ;x
x,x
"
:
19
76
62%
*161
*161
163
24i/4
23%
62%
62%
62%
14%
63%
14%
14%
14%
..
13
13
*12%
13%
*12%
13%
62%
62%
*62%
63
*27%
13%
63
'
.
13%
28
28
27%
27%
40%
39%
40%
40
40%
40
40%
40%
40% V
52%
52
52
51%
51%
51
51 %
*50%
52%
54
52%
51%
51%
51%
53
.*132%
133%
132%
132%
172
172
172
29
27%
<52
133
133
*132%
133%
171
171
171%
171%
8%
8%
20%
20%
20%
20%
6%
xrx'-;-
7%
7%
18%
17%
*14%
15
31%
32
31%
32
6%
6%
110%
31%
36%
32 xxxyx
37%
32-
37%
37%
2%
2%
/"X
25A
30%
30
30%
30
24
24
24
8y8
19%
19
*64%
34%
6%
120
33
13y2
*13
13%
75
*21
22%
*112
73%
*21
*112
—
36%
37
37%
37%
33 »A
33%
*84y2
86%
*16
17%
21%
36
67
33%
33
*13
13y4
6%
14
75
*21
22y2
36%
:
36%
38
38y2
38
38%
34
34
33%
34
84%,
84y4
21%
34%
".
16
21%
34y2
*106%
4*"
*84%
331%
108
106%
97%
97%
*96
29%
*27%
*107%
*27%
*107%
109
8%.
*8%
86%
*16
16
21%
21%
21%
29i/4
,
*27%
35
*85
17
86
17
8%
39y4
21%
96%
8%
.
33
97
*27
8%
*8%
10%
10y2
10%
10%
10%
10%
111 x
21%
21 »A
20%
20%
21
21%
26%
26%
65%
65%
112%
111%
25%
25y4
.27%
*28
*116
26%
25%
28V2
120
.
26%
65%
65%
25
28
120
*117
26%
111%-
66%
*111%
25%
.
*
25%
27%
28%
120
120
26
.
26%
"
65%
111%
25%
28
10%
21
*
26%
65%
111%
112
:
65'%
111%
25%
25%
.
28%
*116%
2,800
3,700
1,700
8,000
600
8,700
83%
22%
•
—
37%
39%
/
x:
33
28ya
120
*116y2
.
'
200
400
600
1,300
97
29
•
109
8%
...
800
10%
1,200
2,100
267/a
9,800
480
40
66
111%
.
7,400
25%
28%
2,200
.
10
120
14
14%
14%
14%
14%
15
14%
15%
34%
34%
33%
337/a
33%
34
33%
35
34%
35%
61
61
61
62
62ya
62%
108%
108%
110
19
*17
19
*17
19
118
*112
118
113
113
*112
*107%
110
48%
"14%
47%
48%
15
48
14%
14%
31%
*30%
*30%
32
105%
*105
105%
135
105%
*H5
*115
135
6%
6%
73%
73%
6%
73
64
Pacific
Mills
-
Penlck & Ford
Penney (J C) Co
Penn-Central Airlines Corp
Penn Coal & Coke Corp
Penn-Dixie Cement
$7 conv oref ser A
penn Glass Sand Corp
Pepsi-Cola
Co
___
Pet Milk Co
4%%
Petroleum Corp of America™
14% preferred
Phila & Read Coal & Iron
Philip Morris & Co Ltd
118
20
48%
49
49
5,000
14%
14%
16
200
Phoenix
200
Pillsbury Mills Inc.—
$4 preferred
6%
*71%
6%
73
*31%
105%
*105%!
3l3/4
100
*115
'
32
105%
135
157
Dec
Sep
6
5
64
Jan
75%
Dec
2
693/4 Apr
3
55%
Feb
64
Jun
2
15% May 21
15% Mar 17
58
Jan
79
.,
135
4%>
preierred
6%
6%
6%
6%
700
71%
71%
72%
72%
700
5
Phillips Petroleum
No par
100
5
25
No par
C & St Louis RR
100
Pittsburgh Coal of Pa
6%
preferred
100
100
-
108%
27%
Jan
3
Jan, 3
8
3
2
26
31
26
20
16
17
26
22
24
1
32%
2%
29%
21% Jan
5
6% Mar 8
18% Jan 22
59
106
21%
12%
4
62
19
112
33%
37%
Jan
42%
Dec
117%
Apr
123%
Dec
149
Jan
163
18
6
23
27
2
19
Jun
23% Jun
26
Jan
43% Jun
117% Jun
5
9
10
13
2
26
3
5
2
28
2
Jan
Jan
21% Jan
2
118% July 10
13% July 24
31% Mar 27
56%
107%
14%
111
44%
11
July 24
Feb
6
Jan 20
Mar 29
Jan
Jan
17%
3% Jan
Dec
6% Aug
~8%
Feb
~2%
Jan
45
Jan
61
July
103
Jan
109
Dec
23% Jan
30
27
37% July
19% July
5~%
Sep
1% Apr
26%
4%
31%
Aug
23%
Jan
Jun
8% July
Apr
20%
51%
Apr
59%
93% Feb
113
Apr
9%
24%
;
Jan
2%
Jan
37%
.]
Feb
16
Mar
Dec
Dec
15%
13%
Dec
2%
x
Apr
Feb
18%
Dec
Dec
Nov
Dec
17% July
?
5
Aug
*70% Nov
-518%
Dec
112
j
110 % Mar
Jan
33%
21% Jan
32
28
18
55
Jan
70%
Dec
Jan
17%
Dec
2
18
11
22%
Dec
May
Mar
Feb
July
May
5%
Dec
Dec
26%
Dec
10 %
Jan
19%
Dec
54%
Jan
96
Dec
33%
Jan
65%
Dec
23% Mar
29
22
28
20
5
105%
7
28% July
Oct
Sep
107% Nov
9%
Jan
40%
Apr
1
20%
Feb
49 %
Jun
59%
Dec
88%
Jan
108%
Dec
21%
Jan
26%
Oct
68%
114%
26%
28%
122
16
2
Jan
Sep
7% July
July 3
July 10
Jun 25
Apr 16
Apr 19
July 17
40
May 7
64% Aug 10
113
Apr
6
21% Jun 8
120
Mar 8
55
Mar 6
20
May 23
32
July 10
108% Feb 28
25
2
25
Feb
Dec
25% Mar
29% Mar
23
57
106% Jan
,48
Jan
12%
Apr 19
88
Jan
>4%
116% Jun 25
30
108
9%
11%
24%
25
.
17%
May28
May 17
July 2
Jun 23
Jun 21
Jun 20
Mar 19
Apr 18
May 29
Jan 29
72
123
- 38%
17%
8
91
26%
113
40%
40
39%
6
5
8
Dec
25 %
Jan
21
Dec
Jan
Jan
63
14%
25%
35 >/a
30
39%
26
Apr
106% Jan
69
Apr
Jan
2
19%
92%
30%
Sep
13
48%
July
Jun
Jan
Mar
Jan
Apr
Jan
Mar
Jan
May
Jan
Mar
Jan
Jan
Jan
July
Jan
Jan
2
No par
Pitts C
3
Mar
Jan
Jan
Mar
Jan
Apr
Mar
Jan
Jan
Mar
Jan
Jan
Feb
14%
Jan
Sep
8%
39
5
133
Aug 1
175
Jun 23
9% Aug 10
22% Mar 7
7% Jun 26
28% Jun 30
17% Mar 6
34'A July 17
6% Jun 25
71
Jun 5
110
July 26
34% Jun 22
45% Mar 5
3% Jun 20
33% May 17
27% Feb 28
10% Jun 25
24y4 Mar 12
2
Jan
6
Phillips Jones Corp
1% preferred—.,
Hosierv
Jan
107/a Jan
,x
July 11
Apr
3
Jun 26
67
32%
42%
53%
54%
9
24
2
100
;
20
Jan
—1
(new)
*113%
105%
8%
Mar
7
9% Jan
J00
Corp
118
*30%
July 31
28% Jun
Feb
20% July
3
Pbilco
*113%
*115
May
1
Fhelps-DOdge Corp
25
Philadelphia Co 6% preferred
50
$6 preferred
No par
PhilaElectricCo.com
No par
$1 preference com
No par
20
31%
147
26
1
—
*17%
135
7
121'A
160%
6
16%
5%
16%
13%
29 %
4%
56
.
100
8
Pfeiffer Brewing Co
Pfizer (Chas) & Co Inc—
*107%
105%
164% Jun
Jan
38% Mar 27
No par
2nd preferred
19
105%
24% Aug
48
100
.100
100
110
*30%
*115
Apr
34% Jan
100
100
33%c
5% prior preferred
5% preferred
*17
*14%
14%
18
24
5
Pere Marquette Ry Co
*107
48
Jan
16
45% Mar
No par
No par
1
10
No par
No par
No par
100
50
10
5% preferred
Pennsylvania RR
Pennsylvania Salt Mfg Co
Peoples Drug Stores lac
Peoples G L & Coke (Chic)
Peoria & Eastern Ry Co
2,400
64y2
Dec
22
11% Jan
—25
No par
No par
& Electric
Gas
5,000
110%
108
99 % Aug
Jun
28% Feb
0" ;•£ 13% Jan
10
Co
15
*14%
73%
64
15,500
i
Coast
48%
48
6%
62%
—
21%
15%
*17%
•
17,200
700
500
107
15y4
*107%
1,200
100
x
.
1,600
*107%
21'A
26%
1,600
30,600
95
29»/4
10%
65%
v.
34%
31%'
21%
*111%
21,000
1,800
• 3,200
5,400
J6ya
23%
106y2
109
8%
5,600
23,200
400
; '■
86y2
23'/e
34
96
___
16ya
23%
*27%
-
*85%
106 *
*107%
■
-
*64%
67
118% 119%
34%
35%
13
13%
TVs
7%
83%X
22y2
*112
36
38%
37
33%
109
:
—
36
*38
*33'A
,
f
Pacific Telep & Teleg
—100
6% preferred
100
Pacific Tin Consol'd Corp
1
Pacific Western Oil Corp.
10
Packard Motor Car
No var
Pan American Airways Corp
2%
Pan-Amer Petrol & Transp
Sy
Panhandle East Pipe Line—-No par
Panhandle Prod. & Ref
1
Paraffine Cos Inc
No par
.V • 4% conv preferred
100
Paramount Pictures Inc
1
Park & Tllford Inc ex-privilege
1
Park Utah Consolidated Mines—I
Parke Davis & Co
No par
Parker Rust Proof Co
2.50
Parmelee Transportation
No par
Patino Mines & Enterprises
.-10 /
37,800
1,500
60,700
78,200
8%
19'A
19
"
70
24
8%
-
Pacific
120
:
Oct
11% July
Apr
23
74
1st preferred non-cum
No par
2nd preferred non-cum—No par
Pacific Lighting Corp
1,400
-
2%
30%
24
8%
19%
105%
29'A
*107%
8%
x.
2%
30%
x
*64%
67
118
119:
32%
35
13
'13
6%
7%
76
82
*22
22'%
33%
96%
98
24
106%
*106
109
8%
17
*32%
33'/2
106i%
2%
30%
r--
„
36%
'
/-y
'•
V
22%
*112
__
'
6%
6%
74y2
74
| :•
119
*118
34%
6%
6%
*73
*64%
67
2%
29%
8'A
18%
8%
19y8
119%
119%
34%
8%
18%
*64%
67
*119%
8%
19%
38
24
,
•
*x
18%
9
53
37^37%
36
30%
24
*8%
3
•
24%
30%
*24
"
110%
31
37
2%
6%
66%
*109%:
32
35%
•,
X
31%
6%
*64
110%
31
2%
2%
:
*109%
7
18
x
.
Pacific
600
.
Oct
108%
Dec
8%
;vrx XX?//..-Ox'
4,400
.
*132% 133%
*171% 172%
9% , 9%
20%
20%
'
7
7%
18%
19%
*14%
15
31%
33
6%
6%
65%
65%
*109% 110%
31%
32%
-8%
9%
20%
20%
6%
7% '
17%
19%
*14%
15
31
31% y
6%
6%
64%
64%
*109% 110%
31%
32%
.
15
31%
6%
64
6%
64
65
*109%
x
6%
17%
*
51%
53
1
20%
*14'A
■
.
8% "
20%
:
18
15%
*63%
8%
7%
18%
*14%
"A
W
8%
8
-
*171
28
105
5
118
2 <
22% Jan 30
par
12.50
Pacific Amer Fisheries Inc
40
40%
28%
4
155
2.50
Co
163/4 Mar
20% Mar
Sep
23% Nov
13% Jan 22
.No
Glass
15%
30% May 8
113% Mar 14
23% Jan
iilOO
Co
Owens-Illinois
U 160"
V-'-i'V. 170
52%
28%
Outlet
107
10
Marine & Mfg
Outboard
10
1,000
63%
100
.No par
preferred
X.x;;/;/:;^
63%
28%
(The)
preferred A
conv
6%
2,100
14%
14%
*62%
13%
*62%
>
.No
Oppenheim Collins
600
•-
v.
64
/x.
64
.*13
76
16% Aug 10
_
—
Otis Elevator
'
C
'
64
14%
14%
14%
X:;x'-
243/4
*75
XXx/:/Z/g/'XX;,:xx:f/
*14%
8%
30
8,200
<
163
24%
241%
76
*75
76
•75
4% %
600
19%
26%
—
Omnibus Corp
'
163
23%
x;::-
290
2,600
117%
26%
25%
Co
Oliver Corp.
4,700
13%
*116%
19
24%
X'.
108
19%
18y4
25%
*161
17%
27%
107%
13%
117%
18%
24%
;■>/'
163
61%
24%
*75
117
.1
'xx.
x.
26
25%
163
*161
117%
26 Va
25%
13
*17%
19
*18%
107%
12%
:
16%
26
17%
26
2
23
25
Jan
2
105% July 26
71
26%
19
May
23% May
117
24%
11%
X98
42%
9
23%
Apr
119%
Jan
3~7~
Feb
Dec
Dec
Oct
July
16% July
117
Jan
Nov
Sep
48% July
Apr
14% July
Feb
28
July
105% Nov
108
Dec
—
__
6
July 13
71% Aug 9
8% Jan 2
94
Mar : 1
,
-
5
61
~8~%
Jan
Dec
92%
Jan
Dec
"
IV/2
*95
96%
*17%
8'/a
'
18%
96%
17%
17%
*195
.*201% 207
7%
11
10^/
60%
61%
86
88
*32
34%
196
r-
15%
"96
15%
99
20%
20%
28
"27
7%
"10
107
58%
*86
34
"196
14%
*96
20%
85/8
*95
96
17%
17%
*195
--
*201% 207
7%
11
81/2
96%
—
*201%
207
8%
*95
17%
*201
7%
7%
7%
7%
10%
10%
1Q%
*107
120
18
"195
10%
120
8%
96
no7
8%
"
*96
18%
*195
202%
7%
11
I20
*201
7%
10%
*100
61%
60
61%
59%
62
1,460
86%
86%
89
88
90
290
.
10%
99
*32%
34
*196
__
15%
14%
*96
97
*33%
*186
15
34
33
33
—
*196
...
15%
15%
95%
95%
95
95
20%
20%
20%
20%
20
20%
27
*27
28%
200
17%
1,000
28%
27%
16%
27J/2
16%
27
17
16%
17%
J.7%
19%
19%
19%
20%
20%
20%
*19%
20
*19%
20%
*20
62
23
59%
61
63%
57%
58
58
59
59
59
*20
59%
57%
57
57
57%
21%
22%
106%
22%
22%
106%
106%
106
106%
106
110%
111
110%
110%
109% 110
119% 120%
133% 134%
22%
120
120
119%
120
133%
134%
113
134%
see
page
691.
8,400
20%
*50
footnotes
400
15%
20
I
21%
23
105% 1C6%
109% 110
*119% 120%
1.39%
134%
7%
7%
86%
,
No par
preferred.
Pitts Screw & Bolt
60
34%
preferred
Pittsburgh Steel Co_„
88
*20
P\>r
—-
$5 conv
1,500
61%
17
21%
—
120
19%
57%
;
Pitts Coke & Chemical Co—No par
Pittsburgh Forglngs Co
Pitts Ft Wayne & Chic Ry
7,400
7%
11
17%
57%
/
205
20%
57%
60O-.
—
17%
59
10
18%
20
*27
1,300
8%
96
20
6,700
21%
9,000
21
___
.
2,800
1,900
227/a
23%
106%
106%
410
110
110
120% 120%
134
135%
1,020
12,800
140
650
:1
100
100
No par
No par
preferred class B
100
preferred
class A—
pr pfd
Pittsburgh & West Va.—
5%
5%%
1st ser
conv
Pitts Young & Ash pfd—
(The;
—
.100
—100
Plttston Co.
Preferred.
100
.100
;
1
100
5
Plymouth Oil CO—
Pocahontas
No par
Poor & Co class B—
No par
1
...5
Pond
Creek
Pressed Steel Car Co Inc
5%
conv
1st preferred
5% conv 2d preferred
—50
Frocter & Gamble
:
No par
Pub Serv Corp of N J
.—No par
$5 preferred
—No par
6% preferred
—100
rj% preferred.
100
8%
preferred
—
100
8% Mar 22
85% Jan
'
10% Feb 19
15
99
15% Jan 31
20
—
99
2
4
2
Mar 10
49% Mar 27
68
Feb 20
90
Jan
17
Dec
171
Mar
183
190
Aug
21
Jan
2
198
Jun
9
12% Jan 19
74% Jan
17%
24%
12%
16%
17%
50%
55
17.
102%
Jan
Jan
Jan
Jan
Jan
Jan
Mar
27.
2
3
8
22
30
22
27
May 28
69% Jun 26
91
Jun 26
43% Jun 6
198
Jun 9
17% May 22
4% Jan
6%
Apr
82
Sep
,45
Sep
57% May
11%
175
8%
Jan
Nov
6% July
9% July
100%
Dec
61%
Jan
73
Dec
22% Aug
175
Nov
Jan
14%
Oct
May
83%
Nov
98
Jun 11
25%
28%
19%
21%
Apr
Jun
Jun
Jun
16%
Sep
19% July
19%
Jan
25
8%
21%
65
62%
26
Jun
Jun
Jun
Jan
4
121% Jan
3
138% May
110
Apr
Nov
69
Jun
109% May
xll7
Jun
123% May
Jan
2
Feb 16
106% Jan 30
10% Nov
Feb
11%
205% July 9
9
Feb 19x
12% Jun 27
105
Apr
68%
5
—
190
Jan
6% Jan
8% Jan
7%
2
164% Jan
Aug
May
30
18
25
28
27
27
4
21
2
14
9
3
May
Apr
13%
11%' Apr
18%
11% May
18%
Dec
35% May
52% May
55%
Dec
59
Dec
Dec
July
18%
Dec
87%
Jan
18%
Dec
96
Jan
109%
13% .Jan
Oct
104% Jan
113% Nov
113%
122%
Jan
Dec
yJ
Volume 162
Aug. 6
Aug. 4
t per
f per share
>114% 114%
114%
52
52 Va
50%
19%
*111A
19%
18%
111%
*109%
111
114%
114%
*114%
115
51
•
51%
18%
52
19 Va
*114%
115
50%
52
y
115
*26
111 3*2
•26%,;' y;
26
26
111
y„
111
*109%
19%
Year
Range Since January 1\
1944
109%
26%
26%
32
llOVa
26%
26%
;<
yy
conv
100
100'
No par
preferred™
5%
preferred
Jan
17
No par
—.—
6%
200
I per share
113% Nov
Higheot
•
t per share
Feb
119%
118
Jan
20
55
Jun
26
37%
Jan
52 Va July
21
Mar
7
14%
Sep
18
24
Mar
115% Nov
110% July 17
115% Apr
9
106
109% July
27
Feb
-Jan
108 Va
Dec
8
19%
Jan
24%
Oct
16
12%
Jan
16% Aug
May
4
;
109%
-103
5
Jan
23% Jan
3
_~_.lt
15% Jan
22
No par
No par
Purity Bakeries Corp
1,300
t per share
113% July 17
47% Jan 22
No par
(Thej
Oil
Pure
Highest
I per share
pfd $5__,_No par
Pullman Inc__
18,100
-1,100
m%
*109 Va
*111
■-
Pub Ser El & Gas
6,900
;
Lowest
Lowest
\.y ;
Par
690
,
53
18%
112Va
109%
26%'
25%
%y:
3'a
110%
Hi
32
*109%
y
r
51
...
19%
xl8%
*111A
EXCHANGE
Shares
f per share
'
19%
111 3*2
STOCK
YORK
"
I per share
share
NEW
for
the Week
Aug. 10
Aug. 9
Aug. 8
* per
f per share
share
Sales
Friday
Tbnrsday
Wednesday
Tuesday
Aug. 7
Range for Previous
STOCKS
SALE PRICES
LOW AND HIGH
Monday
Saturday
689
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4411
10 Va Jan
2
13% Jun
18
8%
Apr
12
78% Jan
15
87% Jun
28
69%
Jan
80%
10
Jun
25
7%
Apr
10% July
101% Jun
26
85 Vs
Jan
107%
Jan
33%
•' yi'y '
17
•17
y
y
17
*16%
•
17
y- V:
17
:
17
*16%
y
*16%
y
17
y
Quaker State Oil Ref Corp
300
18
Feb
R
'
12%
86%
9%
97%
85%
9%
*86
8%
12%
12%
12%
12%
12%
12%
13
13
13%
85%
86
*85 %
86%
85%
86%
8%
86
9%
9%
9%
97%
preferred
Radlo-Keith-Orp' ium
6% conv preferred
105
23,600
9%
9
'
1,100
98%
98%
97%
98%
*104%
104%
104%
104%
*104%
104%
104%
104%
104%
35%
35%
34%
35%
34%
34%
34%
34%
34%
*19%
19%
18%
.19 Va
18%
18%
18%
20
19%
20
2,400
36%
37
37
37
36%
36%
1,000
22%
22%
22%
22%
23%
22%
23'A
3,300
50
48%
49
97%
98
;
23
,
•
23
:.i
22 Va
50
*49
43
*19
iy%
;
70
*21%
y
34
32%
25%
102
*100'A
21%
10 Va
10%
;/ *20%
9%
Jan
42%
31
45% Jun* 19
27%
Jan
36%
Dec
20
20
900
5
11V4 Jan
22
24% May 23
5%
Jan
13
Dec
*118
122
100
116 Va Apr
17
90
Jan
155
*118
,
122
72
10%
32%
26%
102%
102%
21%
22%
22%
Reliable Stores
-24
Mfg Co
.
Reo
Jun
Jun
137
13
Dec
Dec
82% Jan
2
50%
Jan
85%
Dec
Jan
9
24 Va Jun
20
11%
Feb
18
Nov
22% Jan
3
35 Va
18
Feb
24
Dec
14 Va
Apr
23%
17
July 12.
28% May 18
1
22% Jan
22
99% Jan
5
1
lac
Motors,
5
25
.
Preferred with warrants
2,300
30
Mar
69% July 26
100
No par
10
Corp
Remington-Rand
100
102%
(Robt)
Reliance
4,700
'
23
9%
22%
& Co 1st pfd
Rels
.400
27%
*100%
21%
Hosiery...
160
34
*32%
26%
32%
Silk
600
:.
22
*26
Real
19% Jan
43
.50
Preferred
72
102
Dec
Jan
32%
36% Jan
22
20%
21%
15%
16
2nd preferred—50
21%
21%
29 V4 Mar 19
50
Dec
1st preferred
72
*100%
102
*100%
'
21%
Dec
July
non-cum
18%
;
18
34%
non-cum
42%
26
Feb
Feb
4%
18%
33%
12 Va
28
8
47®
72
26
28 V4
38% Jun
2
200
21%
26%
34% Jan
300
21%
•
26%
Aug 10
39% May 7
23 Va Jun 21
Mar 26
48
72%
*32 %
33 Va
26%
*33%
16
Dec
Jan
105
July 18
33 Va July 24
25
50
preferred
Reading Company
$2
2
43
21%
21%
103
No par
1
Kaybestos Manhattan
Rayonler Inc
1,400
Jan
*42'A
y
70
;
70%
21%
71%
•22
pfd—100
3%%
Co
91
.
July
♦46
42%
122
*118
122
*118
Purina
Ralston
260
34%
7% Mar 26
1
_100
48
*47
18%
18%
,•-■ ■:
y,:
43
*42
19
18%
122
71%
:
43
*42
♦42
*118
37
*36%
36%
36%
*49
98
Corp of Amer
$3.50 conv 1st
1,300
98
9 Va
Radio
84,300
15 V4 Jan
3
>
102% Aug 10
27 V4 May
1
x83% Mar
8%
Dec
99% Nov
Aug
16
Apr
'
22%
22%
y
16
16
105%
>>:■:'
16
19% y
108%
39
19%
19%
33%
33%
*38%
19
<
.
.
33%
.
108%
16
16%
33 Va
33%
19 y
108%
17%
17
<
19
33%
12
11%
21%
;•
12%
21%
♦20%
6%
6 %*r
6%
;V
24
36%
36%
19
19 Va
11%
yu 11%
20%
21
6%
6%
23%
23
23%
18%
22
37
18
i8% ,y
v
5% %
3,600
--v.:
:
14 Va Jan
2
Mfg
Id
Cqff"'t™
31% Jan
2
37 Va Mar 13
16% Mar 27
.
98
3,200
Jun
21% Mar
35% Jun
:
2
2
27
6% Aug
88
Dec
Jan
16%
Dec
85%
Apr
8'A Jan
100
Dec
15% July
35% July
28
Jan
36
May
13
Jan
19 Ve
Feb
11% July
Jan
17%
8%
28
13
May 22
39%
Nov
Oct
Dec
1
5 Va
Apr
July 16
26
10
12% July
Jan
10
27.
17%
Jan
24% July
25
Jan
14%
Jan
34% July
23
Feb
8% Mar
7
19 Va Apr
Mar 26
39 Va May 19
177/a July 17
21% May 18
33
21% July
Dec
102 '/a
Jan
63
6
13% Feb
16 V» Jan
Company
6%
39% May 31
21V4 Jun 26
10J/4 Jan
Oil Corp
No par
No par
Roan Antelope Copper Mines
Royal Typewriter
1
Ruberoid Co (The)
:
No pat
Rustless Iron & Steel Corp
—I
Ritter
600
19%
109% July 16
10
conv
Common
1,600
38
2
—1
preferred
Reynolds Spring
Reynolds (R J) Tob class B
3,000
18%
•
Jan
15'/a Jan
Richfield
7%
22% May 21
87% Jan
preferred
Rheem
25%
5
100
No par
100
—1
5 % %
Reynolds Metals Co
700
38
-
2
16
20
22
•:';
25
37
-
•
7%
,
23%
18%
*36 Va
18%
18
7%
22%
37
36%
*36 Va
;
6%
'>
Jan
11% Jan
1,800
nvaiyi
11%
Cr'y.
12
20%
6%
23
24%
11%
% 20%
21 Va
Apr
No par
i
•
12
16
87
4
y yy 7,8oo
;
19%
19
y----.
26
22
3,400
40
33%
*38%
40
*38%
18%
:
19
150
4,500
y,. 150
28
26
19% Jan
102% Jan
Revere Copper & Brass
100
y
20%
11% Jun
110% May 18
17% July 10
106% May 14
8% May 26
No par
100
14,500
107
19%
108
y
■17%
*106%
y„
20
*108
33%
38%
16%
106%
18%
16%'
38%
y
.
yy'-■■y
y
31,200
y
■.
1
Republic Aviation Corp
Republic Steel Corp_
6% conv prior pfd ser A
20,900
10
y llOVa
*109
% 110%
106 Va
16 Va
40
18%
••y,
y
17%
•
; 108%
*108
y..
15%
106%
19%
4
*109
15%
18%
16%
17%; •;
33%
39
15%;
■;
10%
23%
9%
22
110 Va
.
*105%
108 Va
15%
•
33%
10 Va
22%
106%' :
:
108
17
110
18%
19%
107%
-
15%
*105%
105%
19%
9%
y 22 Va
*109 ;
•
22%
110
110%
*109
<
22
9
.
,
Jun
...vjy
'
44
44%
44%
113%
yy
>;■
109
53%
*110
111%
110%
10 Va
10%
57'A
58%
57%
112.
114
*112
25
:
53
108 %
*107%
v
,
*112
yy
y
52%
y
*110
120%
118%
21%
120%
119 %
20%
20%
19%
20 Va
xl9%
20
112%
112%
•112%
113
8
y
114
Va/
24%
■'
120%
19%
120%
8lA
Scott Paper Co
8Va
.y;
-
*112%
113
118%
y
113
5,200
21 Va
7,300
Servel
*112%
113
113%
100
■'•■:
121%
"
8%
*8
90
:
89%
8
;y 21%
21%
21%
;y
90
:.-yy 8.
8
8
21%
21%
89%
89%
-
n
21%
21
89%
89
Oil
y;y; 8%
8%
1,400
Shamrock
21%
8%
22%
2,500
Sharon Steel
90%
370
14%
7,200
22
90
90
& Gas
Corp
$5 conv preferred
13%
79
15%
15%
35%
:
35%
33%
33%
15%
15%
y
60
15%
15
yv.:- 4»A
V 21
.
48
14%
*177
30%
30%
■y
19%
19
49%
46
46
44
; 76%
76%
*88%
46 Va
180
44%
•
'
6%
35
35
35
*33
74%
90
88
14%
35%
34
.
*34
23%
;y
13%
7%
7%
12 Va
*80
7%
•11
30%
30%
V
•
15%
16
16
24
23%
61
60
31
64%
31
y
21
21 Va
21 Va
21 %
46% y
46 Va
46%
45%
180
*177
178
Southern
California
Southern
Southern
46%
88%
88
88
100
15
*14
14%
7%
7%
12
*
'•
:. 7%
*11
30%
12;
•
*80
V
14%
-•
*35%
29%
7%
y
yy
12
87
*80
*35%
36
29%
*64%
52%
52%
*63%
*52%
*52%
52%
14%
15%
14%
15
14%
15%
87%
88%
87
87%
88
88%:,:
*66
108 %
36%
*114
*41
*110
67%
66 %
108%
108%
36%
115
*85%
36
*114
7%
6%
V
86%
6%
66%
109
36%
115
6%
41%
*109
66%
108%
36%
114
6%
41%
40%
41
111%
*109%
111
67%
66%
109
109% 109%
36 Va
36%
114
67%
*114
6%
6%
36%
115
6%
36
■
30%
y
yyyy
-
•
:-
.
..
52%
15%
16%
11,000
88%
88%
290
67%
yyyy-.
108%
36%
*114
6%
230
37%
5,400
100
6%
3,600
85%
85%
85%
85
85
86
86%
96
98%
97%
98
97
98%
97%
98%
1,700
5%
$6 prior
.;!• $7 prior
43%
42
43 %
42
42%
41%
42%
41%
42%
14,100
36%
37%
36%
36%
X35%
36%
36%
36 Va
60 %
61
59%
60%
59%
60%
58%
60
60%
9,700
21,000
Standard Oil of Indiana
37%
37%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
9,000
116%
*117%
*118
13%
118
121
14%
13
118
13%
*117%
13%
121
116%
13%
13%
14
13%
14%
35
34
34
28,600
8ta,ndard Oil of New Jersey
Standard
Oil
of Ohio™
Starrett
34%
34%
*34
35 Vs
35%
35
35%
35%
35%
35
36%
36%
36%
4,700
18%-
17%
18%
17%
18%
17%
18%
18%
19%
7,000
Stewart-Warner
18
16%
16%
16
16%
16%
16%
15%
20%
20%
20%
36
*33%
35
*20
200
16%
16%
17
5,700
20%
20
20
600
9,600
27,400
20%
20%
*20%
13%
13%
13%
13%
13%
13%
13%
13%
13%
24
24%
23
23%
23
24
23%
25%
25%
14%
26%
400
30
*56%
♦124%
*56%
59
125%
124%
59
124%
57%
57%
57%
57%
57%
57%
*123%
125%
*123%
125%
124%
124%
5%
6
5%
6
6%
6%
5%
6 Va
5%
6
12%
12%
12%
12%
12%
12%
12%
12%
12"%
23
23
23%
23%
25
23%
23%
22%
23%
12%
22%
96
96
96%
97
97
97%
98
700
*28
29
28
28
28
28
28
28%
28%
29
1,200
34%
*34
34%
*34
34%
*34
35%
33
*
35%
For
footnotes
see
33%
36
page
691.
34%
33%
35
35
1,800
78
Jun
22
3
59
Jun
27
10% Feb
1
Jan
114
14
8
Dec
3
13
May
18% July
Jan
78% July
23% July
95
May 16
63%
15% Jun
1
11%
79
May 15
6
72
Sep
14% Mar
Jan
76%
9Vb
Jan
15%
Oct
48%
Jan
61%
Dec
8
67% Jan
July 23
25% July 18
Dec
3
Aug
20% Sep
18 Va May 29
23
*9
28% May
Oct
28%
Apr
May
7%
Dec
24%
Apr
35%
30% Feb
2
36
12-
23
Apr
31 Va
Dec
15
7
10%
Feb
16
Dec
7:
35
Sep
15
5% Mar 21
Mar 26
41 Va Jan
Jun
17% Mar
2
15% Aug
.
54 Va Mar
7
Class A pfd
Jan
6
13%
Apr
18 %
Jan
22
Jan
23%
Jun
29%
Feb
54 %
Dec
7
23
Apr
31%
Dec
12
Jan
14% July
3% Jan
5% July
21% Dec
26
23 V4 Mar 19
20% July 27
x51% Jun
4
Apr
42%
Sep
17% Apr 24
5% Feb
1
2
40 Va Apr
155
3
5
19«/4 Mar
8
4 V4 Aug
1
14
178% July 24
20
>
20 Va
Deo
28%
Jan
141
Jan
45 Va
162
2
32
July 16
22%
Apr
26%
Jun
De-j
De<»
Oct
25
7.50
26% Jan
Jan
20
21
6
13 Va
Jan
38% Jan
31
57% Jun 26
23%
Jan
17 % Aup
43 Va Dee
32% Jan
22
52 % Jun
26
20
Jan
34%
64% Jan
22
81 Va Jun
26
100
80 Va Jan
5
_1
11% Jan
24
No par
1
No par
No par
-1
No par
No par
17
>
(4% %
Oil Corp
Mining Co
Superheater Co (The)
Superior Oil of Calif
Superior Steel Corp
69
Dec
Jan
82%
Dec
15% May
12
Nov
13%
Dec
8% Jun
6% Mar 27
7% Jan
2
2
87% Apr
32
Mar
9
15
5Va
9
Feb
75
Dec
8
28
May
35
Dec
27
38% May
24
36
47% Jan
12
72% May 29
20
22% May
29% Nov
36%
Jan
48
Sep
Jan
13%
Dec
Feb
79% Nov
56
July 23
May 2
17% May 29
92 V4 May
7
9
10
50%
45 Va Apr
12% Mar 27
33% Jun
24
6
109% July
3
58
Jan 20
116% May
8
110
Jan
72% Jun
6
57
107% July 27
109 Va Aug
37 Va Jun
4
27%
Dec
2
114% Mar
28
Jan
111% Jan
1
110
2
23
78% Jan
23
38 V4 Jan
2
45% Jun 27
33% Jan
2
39% Jun
28
31
56
Jan
24
66 Va Jun
25
50%
Sep
20
July 27
23% Apr
Paper Co
Sweets Co of Amer fThe>
Aug
33%
Feb
74%
Dec
16
40y8
Feb
85%
Dec
137
22
Aug
4% July
16
109% Jun
7
9% Jan
14
Jun
Feb
13
14% Aug 10
39 Va Jun
2
25
38y4 Jun
110% Sep
6%
Jan
28% Jan
39 Va July
34% Jan
58 Va July
1 IB
.
Dec
11% July
•37%
Dec
17%
July
18
'
34 y4 July 26
Jan
22
10% Jan
2
16
18% Jan
2
107/a Jan
24
21% Apr 30
19
Jun
20% July
15% Jun
11%
9%
Feb
13% July
6
15%
Feb
19
Dec
7%
Apr
12%
Dec
13
13% Apr
18% Jan
2
57 % Jan
4
64% May 12
54
123 Va July 18
127% Mar 24
121
4
Mar 27
7V4 Jan
9
Mar
9
15% Jun
21
22% Aug
7
3
27% Jun
11
6
10
79
Jan
25
Jan
22
31
Apr
11
35
17% Jan
2
Jan
36 Va Aug
20% July
Jun
64
Oct
Jan
128
Oct
7% July
5 Va
Feb
5%
Jan
10% July
17%
Jan
25%
Deo
86% Nov
84 %
Feb
6
19%
Apr
28
Dec
4
29
Sep
3%
Dec
Jan
20% Sep
122 % Apr 30
31% Mar
Jan
26
29 % May
12%
Feb
18
-34
25
100
10
Dec
33% July
116
Sep
Sep
No par
5
_3
-1
—20
1
>10o
No par
64 Va
34% Sep
8'A Jun
96
1
.
Jan
115
2% Nov
2% Jan
67% Jan
118
100
Dec
9
2
38%
Sep
No par
cum)
7% Aug
Jun
Jan
55
1
27% Jan
Jun
4% Jan
25
15 V4 Mar
Feb
76% Jan
No par
—25
25
—10
Jan
54
•80
50
Dec
40 Va
89 V4 July 18
37 V4 Jan
No par
Studebaker Corp (The)
Sun Oil Co
Sutherland
34%
35
Webster..—:
Sunshine
96
*34
&
Sunray
100
34%
Stone
10,400
*97
*34
Corp
Stokley-Van Camp Inc
5%
prior preferred.:
10,000
3,200
1
Jan
8
H' 16%
100
1
4% %*■ preferred™
Standard Steel Spring™-
Co/ (The) L 8
Sterling Drug Inc (new).
*34
Dec
111% Jun
24% July
17
preferred™No par
preferred———No par
427/B
200
106%
Feb
23
No par
$4.50 preferred
No par
Standard G & E Co $4 pref™No par
Standard Oil of Calif
119
Feb
16%
122% May 28
22% May
7
8V4 Jan
100
,—No par
No Par
preferred
conv
Squibb (E R) & Sons
$4 preferred
Standard Brands, Inc
99
59%
84
1
99
'
9
17% Mar 26
No par
preferred
$4.50
Conv
Square D Co
.
500
Dec
99% Mar
41 % Apr
2
Spiegel Inc
1,900
108%
115
ctfs
series "A"
$2 preference
110%
41%
tr
Spicer Mfg Co
*52%
67%
stk
(The)
Sperry Corp
7,500
66 Va
41%
*109%
preferred.
Ohio
&
Spencer Kellogg & Sons
200
500
85%
'
42
111%
1,600
87
Railway
non-cum
Spalding (A G) & Bros Inc
Sparks Withington
Spear fc Co
$5.53 preferred
5,300
*65
y
5%
Mobile
1,000
7%
:12%
*80
30 Va
67
30
14%
36
.
:
30
65%
66%
42%
*11
87
36
'
7%
7%
12
*64
111%
Southern Pacific Co
2,200
89
*88
*52%
Ma
*110%
17,300
75
90
52%
,
45%.
73%
14%
14%
87
89
49% •>
43 %
yy:
8%
25% May
No par
100
Natural Gas Co
74%
Jan
No par
Edison
1,700
46
Jan
Sep
2%
2
100
19%
49
110
20%
16
32% Jan
B
No par
30%
74%
Jan
2
19
74
Lines—_5
preferred
187/a
43
108
Aug
Jun
Mar
yy 30%
45%:
Nov
Feb
35
19%
74
115
9
13% Jan
30%
46%
Feb
28
29% July 27
18%
44%
109
113
Feb
30%
74
13
1
77
18%
3,300
42,500
Dec
8
22
&
37% Mar.
19
48% Jan
30%
*88
Hy
Nov
6
24ViJun
8%
10
43%
45
Dec
45 Va
Aug
22
South Porto Rico Sugar
2,800
45%
48%
>76%
109 V2
22% Jun
18%
19%
Jan
Feb
Mar
Jun
13% Jan
Iron
30%
30%
105
53 %
12% Mar 27
15
&
Southeastern Greyhound
900
47%
179
23
111
108 Va May
20
No par
10
Corona Typewrlter_Wo par
Steel
South Am Gold & Platinum
4,600
21%:v
46%
*177
—
Socony Vacuum Oil Co Inc
48,600
4%"
21
21%
46%
178
66%
15%
15%
4%
*52%
89
600
15 Va
39%
Smith
1,400
32
4%
*65
15
66
9%
Sep
$1.20 preferred—
Smith (A O) Corp„
250
31%
64
31
1,800
I-
Dec
Jan
30
No par
.
Oil Corp
Skelly Oil Co
Sloss-Sheffield
2,700
23%
15 Va
y
4
16%
*23%
24
27,600
47%
4%
36
y '29%
;5%
46%
14%
*80
35 Va '
y>;
4%
*35%
87
35%
15%
15%
46%
Dec
7
26
114% Jun
7
Coalition Mines
Slmonds Saw & Steel
Sinclair
Dec
No par
Simmons Co
200
15 Va
180:
Silver King
2,100
23
No par
No par
15
Shell Union Oil™
3,500
36%
4%
4%
2,700
7
35%
38 y8
115%
No par
27
26%
.yy 6%
36%
6i
15
15'A
20
35%
15%
'
*11%
62%
35%
*30
62%
31
2,300
36%
46
.
15% ; 15%
*23%
"'
'
21%
'
48%
26%
6%
15%
*30
19%
26%
6%
15%
31
30%
26%
6%
46%
64
*177
62%
26%
34
16%
15%
Sharpe & Dohme
$3.50 conv pref ser A
Shattuck (Frank G)
Sheaffer (W A) Pen Co
200
81
*76%
*60
6%
15%.
*30
47%
J
46%
*62%
*21
60
8i yy
60
15%
23%
4%
*60
46 Va
24
4%
15%
15%
;y,
*23%
£ 15%
15%
151/3
46%
<*15%
15%
46
15%
46%
35
*32%
*15%
*76%
26%
26 Va
6%
14
14
62%
*60
y:'
6%
6%
13%
81
15%
15%
-27
26%
13%
*76%
81
*76%
62%
*60
13%
13%
13%
,y
22
No par
No par
•
13%
78
Jan
28
111% May 16
No par
1
No par
No par
$4.50 preferred
110 %
12% Jun
x42% Feb
1
27% May
5
68% Jun
2
Xl05% Jun
No par
& Co
May
23% Apr 17
115% Mar 9
8% Mar 27
23
Inc
46 Va
23
38% Jan
5
Bears Roebuck
20%
121
July 27
July 25
No par
Corp
Seagrave
700
8
8
$4 preferred
Jan
19 Va
110 V4
100
No par
No par
No par
Seaboard Oil Co of Del
3,000
25%
"
120
Corp
$4.50 preferred
112
<
,y
8
8%
*8
*110
25
8
8%
100
Schenley Distillers
5% % preferred
500
52%
*112
112
24%
7,400
37
10
5
-100
5
3%
Lead
Stores
preferred
Savage Arms Corp
5%
12,700
108
52%
y
114
y
Joseph
Safeway
-
'
*112
114
25 Va
25
25%
y
11
60%
108
108%
52 %
180
58%
y
59%
*107%
53
112
*110
112
*110
y
25%
108%
-53%
*52
5,100
111
10%
10%
<
St
1,200
20%
20%
111
110%
10
58'A
*107%
:
114
25%
20%
10%
45%
45%
45%
20%
111%,
57'a
10%
59%
*112
44%
20%
19%
IO'A
10%
53%
44%
;y, 44%
20
112
112
58%
*107
44%
yy 19%
20
19%
*112
3
8%
FINANCIAL CHRONICLE.!
THE COMMERCIAL &
Aug. 7
« per
I per share
« per
share
Aug. 8
32%
32%
NEW
Sales for
the Week
Range for Previous
STOCK
YORK
A ;
•Zv
,-Z' Z'Z
32%
32%
32%
32%
32 %
32%
33
32%
32%
32%
32%
32%
32%
32
32%
32%
33%
32
31
32
32%
33'A
34%
7,000
4,200
Symington Gould Corp..
30%
31%
9%
9%
*9%
9%
*9%
8%
8 %
*8%
13%
13%
13%
Syivanla Elec Prod's Inc
9%
9%
9%
9%
9%
9%
9%
5,100
9%
9
*9%
9%
*9%
S%
9%
100
Talcott Inc (James)
8%"
Z 8%
9%
83/4
800.
51%
7%
106%
106%
51
51%
50 3/4
7
52
51%
52%
7%
8%
13%
106%
106%
106%
107
106
8%
13%
8%
13%'
7 Va
Z
13%
53
52%
51%
Texas Co
8,600
'
"
7% *
7
.
43%
43%
43%
43%
21%
20%
21
43%
43%
43%
44
3,200
Texas Gulf
21
20%
20%
21
20%
213A
6,200
Texas
'
5%
Feb
Apr
37% July
14%
Feb
29%
No par
10
15%
15%
15%
16%
16%
16%
5,000
41
40 3A
43
41
43%
2,900
Texas & Pacific
16%
16%
16%
16
16%
17
17
2,500
Thatcher
54
54%
54
54
54
54
54
139
*11
15
11
14%
14%
47
47
preferred £,
Thermold
4,200
54%
54%
60
14
48
Thompson (J R)_
700
>
Thompson
47%
47%
108%
*107%
108%
*107%
1083/4
*107%
1083/4
6%
6%
6%
6%
6%
6V4
6%
49
49%
47%
47%
47%
47 3A
48%
7%
50 3/4
18%
18%
18
18%
17%
18%
XI7%
17%
17%
18
5,900
Tide
41%
41%
40
41%
40%
40%
40%
41%
42
43
;3,600
Timken
51%
51%
50%
51
50%
51%
51%
51 %
52%
53%
1,600
12%
12 %
12%
12%
12 3A
13
12%
13%
44%
42%
42%
43
%
44 %
47
46 %
48
20%
20 %
20%
20%
20%
20%
20%
20%
12%
...
43%
*20%
■■
12%
44%
u
*2G%
6%
6
6%
6
•
108 3A
6%
6%
7
25%
*106%
25%
108%
25%
25%
26%
107%
107%
*106%
107%
28 %
28%
27%
28%
27%
28
21%
28
27%
28 3/e
35%
35%
35%
34%
35
35
35%
35
35%
2,500
25
*104%
105
*104%
11%
12%
12%
*121%
123
121%
•
12
*11%
12%
121%
123
110
*104%
105
122
16 3A
16 3/4
613/4
.Truax-Traer
8,100
Tubize
28%
107
*104%
O
17
Z.61% .-61%
•1,800
107
:
62
:
*:
$4.50 prior ptd
7%
120
'
16%
16%
16%
61 %
16%
16%
61%
,,
2,800
Twin Coach Co
62 %
•62%
1.200
4,000
Union Bag & Paper.
Union Carbide & Carb_;
58
5%
Dec
July
93% Nov
92
Jan
81%
Oct
94 ':>■ Dec
7
Apr
10 3/4
Dec
4%
Jan
12%
Dec
28
Jan
Dec
122
11%
Jun
13% Mar
32%
Jan
49%
Jan
2
7% Jun 18
y 61% Jun 18
2
20% Mar
Oct
18% Mar
34
Dec
Feb
17
July
Jan
38
Dec
•
563A Feb 16
14% Jun 25 •';
54% Jun
24%
'7%
110%
13%
43%
•
58% Jan
3
Dec
18 3/4 July
Feb
5%
Jan
8%
105%
Dec
Jan
11%
Nov
15% Mar
102"
20%
Dec
Dec
Dec
102%
Dec
Feb
28%
Dec
28% Jan
35%
Dec
21%
85
Jan
105%
Dec
9%
Dec
5% Jan
14% Jun 13
137
Jun 13
19 % Feb
Dec
29
3%
106% Jan 13
3
11%
85
18% Mar 28
101% Jan
3
26% Mar 21 y
30% May 28
34% Mar 27
.: 373/4 May 28"
14 to Jan
58% Aug
Jan
Apr
12% Jan
8
Jun 26
Jun 22
July 23
28% Aug 10
108
Jun 29 <
May 22
Apr
8%
17%
27
Mar
V/ 5% Aug
/13
;
44% July 13,
y
Jan
•'? 25
7
;
15
No par
—No par
Underwood Corp
Feb
Apr 16
1
-
-
.;
50%
Apr 16
Jun
1
May 23
Mar 1
Mar 6
Mar 1
3
2
,
24% July
12
9% Jan
115 ■ Peb
100
-
17%
;
102
No Par
;
Transit—No par
preferred
17%
.
;Z
,1
—.100
;
Film
Pox
Twin City Rapid
1,200
122
Corp.
preferred.:
C'en
16% Nov
35
Jan
100
123/4
56%
15%
153/4
53%
18% Jan
2
5
Jan
2
103
Jan 13
10% Mar 22
-No par
.No par
—
Feb
Jan
139
Mar 26
.26
Corp.—No par
$1.50 preferred—
-No par
r
11%
*121
;
-
20th
10<
-
83/4
123/4
*
16% Jan
5
Dec
Dec
6
,34% Jan 22
50
Apr
6
No par
Corp....
Rayon
4%%
200
r
/
y
.1
$6 preferred
105
11%
11%
11%
121 %
410
13%
28 %
107%
1213/4
'
1093A
13%
28
27 >,\
*106%
,
109%
v
13%
13%
105
*104%
105
109 %
13%
*13
13
6
110
109%
109%
13
10
...No par
>2
Tri-Contlnental Corp
28,900
109%
par
1
63/4
3
4% Jan
2
31
Jan 22
Oil—w—10
Axle,
Transcont'l & West Air Inc,
16,900
6%
13%
„Nr
—
par
Transue & Williams St'l
500
13%
No
Water Associated
Detroit
par
Peb
Sep
17%
20
54% Jun 22*
213/4 Jan 10
593A Jan 24
93/8Mar27
53% July 24
10% Jan 11 Z
13
Jan
3
45
July 17
par
__100
•
Timken Roller Bearing.
4,900
109%
_i
Transamerlca Corp
11,100
6%
preferred
Jan
Peb
20% Jun
22
x93% July 19
.
25
;
-——No
$3.50 cum preferred...
2,800
109%
A
Products
Thompson-Starrett Co
10,200
51
50
'
4%
7%
7
preferred
Transit Corp.-No
Avenue
6% Apr
125
.100
—1
_50
—
div.conv
Third
*107%
*107%
Co
300
;
;:
14
47%
$2%
ZL
-
par
100
1—,
500
11
143/4
48
—No
preferred
6%
48
*14
Fair
The
7%
11%
'/'/■ 11
11
11
14%
47%
14%
*47
11%
55
*54
100
97
*93%
11%
No par
No par
preferred
139
*137
97
10%
54
11
.
9%
*8%
9%
139
*93%
10%
54
11
*8%
*137
97
10%
55
11
11%
*14%
'*93%
10%
*54
55
9%
139
*137
97
10%
10%
10%
*54
*8%
9%
9%
*93%
133/4 Jan
303/a Jan 30
143/4Mar31
443/4 Mar29
100
Ey Co
Mfg Co
2
xl97/a May 10
1
Texas Pacific Land Trust
41
*137
Jan
4%
16%
10
50/4
44%
16%
97
Oct
123/4 July
32%
40%
139
Jun
8 3/4
Jan
19
15 %
*9%
8"%
Jan
93/a Peb 14
45
May 7
26% Jun 25
39%
*137
4%
,10% Mar
:
55
Coal & Oil
conv
•;Z;7v
7Va Jan
3
10 % Jun 21
ll3/4 Jan
2 - ; 15"% Jun 25
105% July 26
109/2 July 13
2
Sulphur..
Pacific
$3.60
Dec
2
*16%
270
8
5% May
6% Jan
36% Jan
16 %
-
Jun
48% Jan
41%
54%
Jan
33%
2a
16%
'J 54%
103/a Feb 16
33%
Jan
:_1
16%
,
10"% Jun 26
Apr
273/4
.1
Producing
41%
54
263/4
.
35/4 May 22
2
Dec
33
new
(The)
Gulf
Texas
43%
43%
21%
5,000
73/8
7%
;7%
7
9
6
7% Jan 16
9
5
5
pfd_100
—
Corp
Tennessee Gas & Trans
230
38% May
Apr
Highest
$ per share
Jan
T
Tennessee
1,000
1073/4
*107%
106%
•
'8%
14
13%
14
/
•
27 Vi
7
7% Jan
par
1
Telautograph Corp
Z
'■
No
34% Peb
29
Swift International Ltd
30%
t per share
' per share
30% Apr
6
31/2 Mar 21
/
1944
Lowest
Highest'
• Per s1iare
28
31%
:
par
■
Swift, «fc Co
6,200
31%
Year
Range Since January 1
Lowest
"
EXCHANGE
Shares
I per share
f per share
«r per share
share
Friday
Aug. 10
Thursday
Aug. 9
Wednesday
Tuesday
Aug. 6
Aug. 4
STOCKS
SALE PRICES
LOW AND HIGH
Monday
Saturday
Monday, August 13, 1945
68%
Jan
16
8% Jan
May 18
118
51% Jan
Dec
ley*
Dec
66
Jun
U
61% Z
61%
17%
17%
16%
87%
88%
88%
*111%
112/4
*111%
112%
*112%
ZZ/. 17 z
17%
863/4
*112/4
:
*111%
112%
*111%
112%
*112%
112%
*112%
213/4
22%
131%
131%
108
108
108
22
21%,
130%
*108
>
30%
303/4
303/4
28
27
28
109 3/«
1093/8
*109
37%
373/4
•
92
10,400
112%
112%
v
112 y2
112%
Z
132
108%
108 V2
313/4
313/4
*108
108%
31
31%
27
28
ZZ.Z
26%
108 3/i
108%
108%
36 3/8
39%
38%
200
112
*111%
:
Z .26
26
*28 "
29%
8%
83/fl
8%
22%
22 3%
223/a
*213/4
*213/4
2%
23/4
2%
45%
443/4
453/4
--'■v
Z
/Z
"United
5%
20
Z.
29%
Z'
17
"
17%
12
10
34
2%
23/4
2%
23/4
45%
45%
45%
453/4
4,800
17
18/2
18
19%
18%
19%
6.300
78%
82%
13%
13%
*39%
41
104%
105
13
*39%
105
,
79
Z
13%
13%
Z-
40%
„
113/4
11
12%
11 %
12%
81
81%
81%
13%
13
18%
18%
18%
18%
18%
1033/4
18%
25
23%
24%
23%
237/a
109%
108
7/a
7
•
15
143/4
106%
106
7%
15
106
Z
7%
*108
15%
109%
United
•:"'•
14%
16
16%
17/a
7,700
US & Foreign Secur.
*105%
106
105%
105%
:Zr
'/z
$6
110
20 %
19%
19%
19
19
19%
20
20
20
88%
88 %
*87'A
88%
88
88%
91%
91%
91
91%
190%
30
193
*190%
193
*190%
*190%
193
190%
193
.
:
17%
17
17
*16%
16%
17%
18
50
50%
*50
51%
*50%
51%
*50%
51%
51%
46%
46%
*45%
46 %
45:,A
46%
45%
46%
46 3/4
46 3/4
17
17
*
Z.
preferred
U S Hoffman Mach
900
51%
•ZZ
5%%
70
Corp
preferred
conv
2
Jan
8%
8%
8%
83A;;
834
*33
83/4
8%
8 3/4
83/4
X32%
34
32/2
1113/4
110%
333A
33%
*310%
111%
12 3/4
1103/4
12
12%
12
12%
12%
12%
103/4
10 3/4
.-10%
10 3/4
10%
10%
*10%
*40%
41%
41%
41%
41%
41%
43
*493/8
50
*49%
50
*49%
30%
30
2%
29%
23/4
3
54%
54
53
*162%
165/8
*162%
613A
62%
60%
80%
6 7'A
80%
81%
66%
68
33
1103A
50
30
2%
54%
165%
61
*1103/4
*49%
30%
2%
53
♦
*162%
Z
30%
30%
67
32%
:
/
323/4
32%
2%
2%
3
2%
57
56 3/4
58%
*163
*163%
164/a
60%
*80%
68 3/e
.
•
S
1
13% Feb
25,
'
82%
200
69%
68
33,800
9
28
Jun
107 "
Jan
2
110
Jan
Feb
18 3/8 Apr
24
■
5
149%
149%
149%
150
149%
149 %
*24 %
24%
23%
24
23/4
23%
*46%
47%
*46%
53A
:..i' 53/3
5%
5%
5%
7'/a
73/8
6%
7
6%
7%
46%
47
112
*110
17
17
*17
112
17%
6 3/8
6%
6%
6%
43%
:
43V2
43%
43%
87%
(
*183
87%
25%
24
24
*13%
17%
*17
■
53/4
87
85
187
*183
24%
13%
34
34
,
*34%
16%
16%
16%
..
*46%
473/4
5%
5%
5%
7
7%
6% Z 7
25%
27%
*111
*17%
17%
6/4
6/4
43/2
43%
27%
85%
*183
186
24%
25%
31%
31
33%
14
800
35
800
16%
16%
16%
16%
16%
16%
16%
49
49
49%
493A
97
*93%
99
99
*97
101
*95
101
*96
101
28%
28%
5%
28
28
*28
29
*26
29
5%
53/4
69
66%
67%
393A
393/4
*154
170
*68%
*68%
For
I
II
wm
footnotes
II
70
*15%
»
153/a
see
121
72
48%
5%
66
120%
5%
66 3/s
120 %
5%
66
120%
*65
74
*65
48
48
*46%
*96
27%
5%
5%
67%
120%
663/4
74
48%
101
27%
6
67%
*120
121
*65
*47
43
15%
691.
page
I
in—
39
39
*39
40
*39
40
160
*154
160
*154
160
154
154
*156
170
393A
1,400
y 700
10
v
Z
300
5,900
2,000
74
170
*383/4
*154
160
*156
48%
No par
2,50
10
Vertientes-Camaguey Sugar Co_6/a
Vick Chemical Co..
3
Vicks Shreve & Pac Ry^...—
100
5% non-cum preferred
100
Victor Chemical Works
——3
14
35
97
*156
170
*156
68%
68%
70
70
*68
70
15%
15%
15%
15%
15%
.
50
15%
15%
Van
:
Norman Co
Van
Raalte Co Inc
Va-Carolina
6%
Va
El
200
500
10
;
Pow
143/4
2P/8
Feb
Mar
88
Jun
180% Jan
17
194% Jun
15
170
Jan
186
Dec
13% Jan
17
20% May
Jan
17
38% Jan
10
54
May 1
Z 52% May 25
50
6% Mar 27
10
15% Jun
97/8 Jan
2
11% Jun
11
2
44% Apr
35
-
Jan
2
277/s Jun
.
,Jan
46
15
2% Mar 26 y
51% Jan
*6
114
55% Mar
144% Jan
58% Jan 24
5
5
Jan
2
16
30%
Apr
37%
Jun
3
40%
Jan
48
Nov
Jan
4
2
Feb
130
Jan
20
72% Jun 27
7 %
Aug
5-
22
3
6
Jan
25
Jan
24'
May 28
Mar 27
187
24% July 30
21% Jan
2
Jun
Jan
14%
Jan
3% Jan
Dec
27% Aug
Dec
48%
Jan
Apr
76
Dec
63% July
136%
4% Nov
5%
Oct
106 3%
Dec
-
18% July
6
31
Jan
41%
68
Apr
81%
162
Mar
176
July
Dec
Dec
Nov
28% May 28
33% Aug
15% Jun
13
Mar 27
32
Jan
22
39
Mar
13% Apr
6
18
Jun
22
52
Mar
48 3A May
25
2%
2%
Apr
Dec
613% July
78
May
44%
8
178
Dec
May
50 % Apr
6
Dec
543/4 July
150
69
Jan
1143/8 May 28
20% Mar
48 %
xll93/4
21
47
2
,
"4%
Feb
40
21
95
Jan
~1
25
Jun
613/4 Jun
'5
5% Jan
Sep
17'
K,
323A Aug 10
75% Jan 24
39
Dec
Sep
26
98% Jan
Dec
33%
113
Dec
6% Jun
23
Feb
10%
50% Feb
24
9
Jan
Jan
26% Jun
Jan
Jan
8%
7
43/« Jan
110
9%
46% July 10
4
43% July
Apr
151% Jun
23% Aug
Oct
51% NOV
Apr
5%
2
135% Jan
15%
Jan
16%
25
3
Jan
Dec
34%
28
Jan
7% Jan 23
V'
8%
1073/4
Jan
42
2
38% Jun
30% Mar 26
110% July
86% Mar 26
100
July
90% Jan 20
101
Jun
9
28
8
23
7
6
26
17%
Jan
9%
Jan
23 y8 July
14%
Nov
Oct
52
Sep
12% May
16
Dec
28
Jan
51
Oct
63%
Jan
85
Dec
70
Feb
853/4 July
41%
21%
Jan
25% Aug
3%
Sep
Sep
623/4 July
pref——.100
Coke 5% pfd-„_100
118% July 18
123
Feb
19
113%
22
76
Jun
22
29
25
45% Jan 25
24% Jan
57
Jan
36% Jan
——100
120
145
preferred—.100
66
—No par
8
3% Mar 27
59% Jan
..100
System
103A July
4
Jan
50
4%%
Waldorf
07%
12% July
19
18
Preferred
5
7% Feb
18
preferred—
RR
Sep
/L
Feb
'Jun
Vulcan Detinntng Co
Wabash
Dec
7%
4
7% Jun
$5
200
109%
Dec
73
Virginian, Ry Co
6%
Jun
9
No par
preferred._T—100
dlv partic
&
—!
Chemical
Va Iron Coal &
1/70
70
-1
Vanadium Corp ef Am
"
13%
35
*93%
Inc—:
75,900
133/4
97
Pictures Co
10°
...
Universal
343A
*93%
49%
preferred.—.
-5,400
13%
97
*48%
30%
conv
1
"
34%
*93%
*65
•
Z
preferred..
No par
Universal-Cyclops Steel Corp
1
Universal Laboratories Inc.
1
Preferred,
No par
Universal Leaf Tob__
No par
$8
~
230
z'
13%
97
*120%
25%
■
,
34%
49
74
27%
Z
.
185
25 ye
80
■
133/4
*48 3A
121
89
87%
*181
900
t
.
35
*93%
jm
:.;Z-
25%
49
*67
!
'
300
17%
17%
63/a
86%
'
-
43%
86%
'
25
•'
1
•
Dec
15%
70
Mar 19
par
013/4
12
Jun
—No
36%
Oct
15
85
-
6,500
:
*6%
*483A
*120
112
*110%
112
*41%
49
68%
900
'
—:
r
26
71
non-cum
Jan
ai%
.
'26% May
-75% Jan
98% Jan
•
25% Jun
2
preferred——25
United Stockyards Corp
——_1
United Stores class A——
—8
1%
Aug
78% Aug
11% Dec
94% Jun
50
Tobacco Co~
U 8
3,800
24 Ve
43%
*48%
5 3%
2334
473/4
*46%
Z1'
•900
149
149
6%
*6
*42%
86
253A
13%
112
*110
*183
187
25%
24%
'
*110
/■
23%
473/4
5%
•'; 149% 149%
8
Dec
11%
Apr
108% Jan
18
100 '■
y
17%
Feb
10
12
No par
,
45%
22
Feb
Jan
'i
6
,
Jan
Jan
—
/ 1% July
42% Dec
16% Apr
72
Preferred
Oct
77
105
52
100
Apr
21
24
Jan
Apr
16
8
11% Jan
28
2
—50
Ref & Mln
U 8 Steel Corp
9
170
1st preferred
non-cum
U S Smelting
Preferred
»1,500
-
-10
1%
12%
20
44% Jun
6% Mar 26:
Jan
,31%
1063A July 12
Mar
par
No par
Rubber Co
8%
62
*80%
81%
X66%
U
4,100
14,000
14"
25
22
20
10
1
Foundry
22
Dec
Jun
70% July
.
21% May 18'
19% JUly
24%
114
May
Sep
8
27
20
10
Plywood Corp
*U S Realty & Impt
Jun
47% Jun
,
Mar
61.
27 i
13%.Jan
1
Playing Card Co
110
6
143/4 Jun
9
100
S
164/a
603/4
60%.
U S
U
4,500
Z
3/a
52%
165%
U S Pipe &
—.L
.
Jun
110%
20% May
27
i
88% Jun
897/b Mar
—No par
.
Preferred
600
'*•
-No
cl A
conv
preferred—
Dec
5
10% May 28
No par
U S Lines Co.:
1,400
43
50
Par tic &
Prior
20
12,400
14
423/a
32%
Zv'"-.',;
10%
*49%
-
:*
1,300
33
110 3/4
53%
81/4
67%
*80
67%
50
*110 3/4
60
60
81%
111%
•1,300
8%
13 %
10%
41%
12%
*10%
33
Dec
1233/4
5
■
'US Industtfal Chemicals
U 8 Leather Co
1.800
Jun
3
2
9%. Jan
20
100
5
50
7 %
36%
Jan
28
1% Jan
No par
'
•
Apr
11% May 19
24
July 26
33% Jan 31
Freight Co
Feb
22%
102%
31
.
38% Jan
No par
No par
1st preferred
U 8
800
100%
2
73/4 July 20
par
U S Gypsum Co
1,000
Nov
33% Nov
25
22
100
10
i
Faperboard
prelerred
United
*19%
*17y8
5%
/
50
1,500
Dec
30
79% Jun
5
No
104
Jun
2
—5
Cos
Feb
Jun
26% Feb
V
1
7%
*108
Jan
Dec
18
Jun
114
Dec
25%
8'
Jan
66
Co,__13%
109%
v
29
1093A May 2S
66
'United Merch & Mfrs Inc
3,400
22% Mar 22
v
15%.Jan 22
Gas Improvement
10,900
18%
25
Electric
6%
6%
106
106
,
Coal
United Engineering & Fdy_:
United Fruit Co
2,600
7
7 to
143A
18%
24%
24
18%
24
1053/4
United
1.400
44
42%
22
100
.
.26
28
Jan
-5
—1
-
3,400
13
12%
104%
18%
Z
109%
*108
108
13%
41%
1043/4
41%
.
105%
Preferred
-92%
20%
11
28
20
__
109 % May 10
Oct
118
144% Jun
Aug
Dec
Jun
Nov
115
Sep
Jan
110% Apr
,433/4 Jun
,
Feb
17%
93%
105% May 18
31% Jan 22
No par
No par
Drug Co—
United Dyewood Corp.-
330
/
No par
—:
109%
1
Jun
32»A Jan
Cigar-Whelan Stores new—30c
preferred
United Corporation
$3 preferred
29
119
28
136
33% Mar
par
100
Feb
7
par
No
'United
2,300
77%
24%
*108
Z
793/4
41/4
41
105%
105%
•
-—No
Co—
113
118
10
Co—
82%
27
%
100
preferred—z
Carbon
Sep
29%, Jan. 19
w
-—100
Prior
56.400
45
•11/4
11%
84
12
*82%
*190%
i
-
15%
76
23
Jan
116
Feb
5
,25% Mar
.
1003A Jan 24
100
Ubited-Carr Fast Corp
Un
200
44%':
c
Biscuit
conv
United
z; 600
1,000
Z 11,700
8%
223/8 Z 22%
22%
600
"
,
K
71%
8/a
8%
*213/4
26
112
*28
29%
8%
25%
Z'ZZ. 71%
preferred
4%%
y
22
-109% Jan 24
.
—_8
United Air Lines Inc
700
-
20%.Jan
i'v,
9%
22
117% Jan
b 111% July 11
No par
5% conv preferred
;
12,000
rZ
'
173/4
17%
106
preferred
Z
non-cum
•United Aircraft Corp
600
*
40%
134
133
-112
71%
*28
1
2%
2%
2%
453/a
•
26%
71%
8%
22%
■
;
112
112
,
29%
29%
8 3/8
8%
129
*25%
71
71
29%
*29%
123%
x
112
*111%
112
71%
*7i
125
*123
25%
25%
.
71
71
37%
36%
125
122
25%
25%
*111%
15
4%
•
•
—100
"
373/4
36/»
127
*125
7%
25
-
"Union Tank Car
* 700
/■
Z.I 17,100
27%
108 3/4
No par
Union Pacific RR Co—-;
18% Jun
93% May
Xll0% Apr 27
No par/
series
Union Oil of California^.
1,900
:\Z-
-
Preferred $4.50
10
21%
128%
66
14% Jan 24
78% Jan 24
No par
Union El Co of Mo $5 pfd
_
8,200
21%
22
133
31 % :
109
109
109%
:Z ■;?:
18
903/4
1
•111%
112%
27%
27%
17%
•
21 %
108%
31%
28 3/8
Zz
131%
132/2
-
30%
ZZ>
tZ
17%
913/4
112%
22/4
*107
16%
90
-91%
1313/4
22
1313/4
17
89
16
33% Apr
Jun
5% Mar
120
Aug
38%
Feb
63
Nov
493/4 July 25
42
July 10
37
Jan
45
Dec
33
Apr
38% Nov
Mar
2
163
12
102
Jan
125
Oct
147% Mar 26
149
Feb
155
July
40
Jan
68
Dec
10%
Jan
14V*
Dec
Mar
.5
Jan
2
13% Jan
10
77
Jun
Jun
21
163/a Mar 10
yolume 162
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4411
NEW YORK STOCK
RECORD
LOW AND HIGH BALK PRICES
Tuesday
Aug. 7
Monday
Saturday
Aug. 4
Aug. 6
I per share
« per than
32
107
67%
67%
*19%
321/4
68
*19%
20%
x20'/8
20y»
10%
10%
10%
11W
11
10%
11
20%
10%
10%
*10%
Shares
109
20%
700
11
11 y*
5,300
11 y2
500
2%
2%
v,
2y8
64
62
62
*61»/a
62%
61%
66J/2
66
66'%
16%
16%
16%
16%
171/8
16%
17%
17%
*31 »A
33%
*31%
33%
*31%
331/4
34
34 %
34%
17%
35%"
15 y4
15%
27%
is y8
15%
151/8
151/4
15
15%
15
151%
27%.
2%
2'A
27%
2%
2%
28
-.
27%
•27%
*271/4
.271/4
27%
20%
20%
20%
*20
20%
35%
*34%
351/2
20%
*35 •
20%
35
35%
20%
'*34%
9%
9%
"9%
9%
9'/4
»27i/8.
27%
*20%
36
27 y2.
"
9%
27%
9%
•9%
27%
*85%
27
26%
.
*85%
86
"
•
9%
*85'%
87
31%
32
109
108%
115%
*108
115%
115
5
27
,,
,
114%
114%
115
109
114
♦:•
108
.
1081/4
i
60
115%
J
50
70
7%
*28
27%
28%
110
■
110%
"
110
21
-22
27%
27%*
*109%
28
.110
110%"
27%
•
•'
28%
■
*109%
-
23%
23%
•
22
43%
43%
42%
43Va -44
XXrnm-m
21 !/a
-
22%
24%
43%—
r
mm
:
mm
'
>
■
-v/'27
27
'V:9
./
"44 A--1.': •'44% iv/V.,
45%.
49%
47%
88%
89
46%
,
,
-v r:vy
"
281/4
28%
X32%
433/a
•
/./,:
4.7% •'<
45%'
'8%
93/a
24% J 26V*
46%
-
873A' •.••877/a,/:
'
-46
yy,'
> "28
*27
32%
X43
xi
47„
45y8
88%
45 y8-
*27y4
:•
mm**
26'A
'
47
87%
46%
28 3/4
/''A
-
93/a-'
9
*25
-25%
46%
45
A
Vv.
.
; ;
•
9.
i
■
■
28
*27
283/8: -283A
32%
31Va
42%
42%
48
47%
V!'
27
■
28%
r
29%
301/4
}
331/4
35 :.; y;'y
34%
•
:
10O
7,400
43,500
-
'mmmm-
r
:
/■/■"//♦31 ■■■••■'■:
31%
*31%
31%
.
313/4
43
*41%
■
32%
*31-
32
323/8
*42%
32%
v
431/4
33
33
X31
31
y
43%
421/4
-
.
•*
'--331/2
-
33%
31
■
y
:y"
•
*
*311/4
■
>
'
'
*73
*1013/4
•109'A no
107%
77'/a
•106
102%
*1013A
109
*106
107 3/4
;
*73
102
1023/a
mm mm
36%
36%:
36%
mLmm.
94
94
933A-
'
*24
mm mm.
31
12%*87
*91
34%
*32
102%
-
•
/ Preferred
-
8'/a
: *
v
22%* -23%
V
13%-
-
23%
13%
100 »/4
*15%
15%
*131%-
28%
28%
43i/a
43%
,281/4*
■
24%
5,200-
•
100
-15%
"v
28
28
t
X43%
44
44%
45
v
6.900
55
553A
«
2,000
91
?
100
54
Ay- 54
*89
91
*89
91%
*89
92
*92
"94
*92
95
*92
95
Vm.
95
*841/4
85
*84%
87
*84%
200
85
53
54
.
"54
55i/e
■
'
-
v
1
•
VV85V*
86
86
v
*73
86
74%
74y4
72%'
72%
*71
17%
17%
17%
.17
17%
36%
37
363/4
363/4
•
17%
•
16%
47
v
16 3/4
*73
18
75%
200
18
v
18%
2,500
Yale St Towne Mfg.
171/4
171/8
173/4
York Corp
23
23»A
231/4
23%
35%
34%
9%
9%
46%
453/4
483/4
1053/4
1053/4
1053/4
48 y4
*1053/4
23%
23%
23%
23%
233/4
1053/4
36
36
36%
Zenith Radio Corp...—
10
Zonite Products Corp.
23
35
93/4
9%
>9%
and asked prices'; no sales on this day.
Jin receivership,
a
93/a
Deferred delivery,
Transactions at the Nov? York Stock
50
106
n New Stock,
g
yyy:.;y '•■••■•'
■.
Yy
Number of
;y.
-y
Week Ended Aug. 10,1945
Saturday—
Monday.—j.—
and Miscel.
Apr
3%
Jan
6 »/4 July
7 '/a
Jan
I61/4 July
313/4 Dec
661/3 Dec
53% July
31'A July
31% Deo
^
29%
Dec
27
65
Dec
41
Feb
293/4 May 25
22%
Jan
21
Apr
Jun
X31% Feb
Bond
Bonds
Bond3
Sales
15
16
33% Apr
27
253/4 Jan
113% Jan
17
lit
5
105% Jan
101 y2 May
19
59i/a Feb
77
4
Jan
110% Apr
19
78
Aug '8
107% Jan
July
15
97 y4
Jan
26
20 %
Feb
1043/4 Aug
32% Dec
661/4
Jan
921/4 Dec
18
Feb
22
33% Jun 26
163/4 July 13
20
Feb
,.;5
Jan
29% July
9% July
43
3
Jun
94
Jan 23
Jun
15
345/8 Aug
10% Jun
8
26% Jun
6% Mar 26
x64%
9
July
Jan
25
4%
87%
Jan
31 »/4 Deo
Jan
24
9% Apr
20'/a July
11% July
Feb
16
July 13
103% July 12.
15
17% May
Jan
801/4
Jan
103/4
31
Jan
80
r
Jan
79
Jan
75
Jan
Oct
99% Nov
13
Jan
32%
13y8
19y4
39y8
105%
20
Jan
Jan
Jan
Mar
125
Sep
19% Apr
1
363/8
Sep
July
24
Jan
443/4 Oct
4iya Nov,
593/4 Apr
20% Jan
3
90
473/4
Jan
5
94
49
Jan
84
69%
Jun
913/4 Deo
58
Apr
74y8 Nov
13
Dec
14
■
9
t
22
Jan 24
Jan 13
17
22
17
16
July 17
Apr
99% Feb
27
78
May 31
?0% Jun 28
42%
18%
25
> 61%
110
253/8
Feb
Jun
Mar
Jun
42
82% Nov
Nov
Deo
19
26
21
28
27%
9%
14%
33%
96
13
Feb
15
33%
Jan
44% July
12% Jun
19
26
34% July 26
53/4 Jan
2
wd When distributed.
141/4 July
123
26
JalU 24
15
,
69% Mar
.No pat
—1
Jun
48 y2 Jun
6
40% Jan 24
38
7
132% May 24
11
3%
Jan
6% July
x-Ex-divldends.
Jun
13
May 19
;
Mar
36% July
15% July
20"% July
42% July
Apr
Jan
Apr
Jan
Jan
1069/a Nov
20% Deo
y Ex-rights.
Exchange
Stocks
Bonds (Par Value)
Foreign
or
Saturday
Shares)
1
Domestic
Foreign
Government
Corporate
Total
Holiday
———-
—
$204,000
$25,000
406,000
221,000
41,000
1,000
300,000
169,465
Monday———
164,000
$229,000
'
Thursday—
Friday.—-—-———.—..—
•
:
$137,000
$25,500
: 53,345,500
5,011,000
178,500
36,100
5,225,600
Wednesday——
700,960
Wednesday..
$3,183,000
978.310
—
4,284,000
167,000
25,500
4,476,500
Thurscday
6,073,000
229,000
41,000
6,343,000
5,605,000
150,000
20,000
5,775,000
1,474,510
1,689,020
-
Total
5,334,780
$24,156,000
*$861;500 '
•
$148,100
307,015
Tuesday—_
yy
'219,775
364,120
——•
398,640
Total
-
368,000
$1,497,000
Stocks—No. of shares
5,729,370
5,334,780
——
Bonat
XJ. S. Government——.;
Vv
19415
:
,;v
—-
$148,100
861,500
24,156,000
———
-—
—.
Total——.
$25,165,600
$103,000
;
..
..
Bonds v?
1944
.
Domestic——
227,777,299
.
1,637,000
30,116,600
;
168,753,940
$4,049,950
62,877,360
1,553,283,600
$4/236,200
$1,497,000
.—-
.
43,104,387
118,000
721.000
11,000
$1,801,000
—
680,000
$3,123,000 $116,421,000 $122,733,000
week should have read: STOCKS—July 30, 207,065; July 31,
189,365; Aug. 2, 205,430, and Aug. 3, 185,855, totaling 1,024,965 shares.
BONDS
July 31, $330,OOOj./Aug. 1,$407,000; Aug. 2, $250,000, and Aug. 3, $284,000,
1
Aug.
69,689,832
actual volume for last
Note—The
237250;
$31,856,600 $1,620,210,910 $1,854,556,600
L
Jan. 1 to Aug. 10
1945
'
.1944
$90,863,000 $115,168,000
24,837,000
6,885,000
$2,994,000
299,000
5,000
Foreigncorporate——*—————
Total————-
1,494,035
':
y/ >
Foreign government———--—.r-T-
71,876,500
1,778,443,900
"■
1944
1,459,015
Stocks—No. of shares——-——
.
——
$1,801,000
1,000
$25,165^600
Jan. 1 to Aug. 10
1944
1945
$5,000
$1,000
$299,000
1945
WeeJt Ended Aug. 10
3,000
447,000
223,000
465,000
"437,000
•
68,000
1,459,015
—
Week Ended Aug. 10
Foreign—
Railroad & industrial
Dec
107 3A Nov
96% May 14
26% Feb 19
9
8 3/e Jan
Feb
293A Dec
Daily, .Weekty; and / Yearly
•491,980
...
Tuesday.—
,
36 y» Deo
32
July
361% Feb
3
22% Jan
Week Ended Aug. 10,1945
Holiday
Deo
37"% May 17
50% May 17
13% Jan
2
-128
Jan 30
.
Government
37 Vo
26%
18
57V* July 10
6
-9734 Jan
Total
Foreign
Dec
18
(Number
United States
Bonds
Shares
sales,
:f
Railroad
July
,110
26
Transactions at the ilaw York Curb
Bally, Weekly and Yearly
Stocks,
> Special
cash salo.
Exchange
28
Feb
30% May 29
,
•163/4 Mar 26
10y2 Jan '2
Youngstown Steel Door—~Jia par
46
46%
1053/4
23%
.
„
——:—
34%
45%
105%
23%
l«y* Jan
103
July 13
'
Young Spring 65 Wire
-No par
Youngstown Sheet & Tube—No par
5%% preferred series A——100
105%
Deo
ll83/4 Sep
July 23
-30
Go———28
——1
38%
16%
38
Deo
103
92
2
-*83% Jan 15
Wyandotte Worsted Co——5
22
38
Jun
"
16%
38
113
14% Jun
-26V4 Jan 22
'
pa*
22
93%
■■
No
16%
35%
■
rDel)
Jr
n?vm>
213/4
23%
•;■'•
Wrisrlev
16%
'
Feb
-
21%
105%
•Bid
75
50
2
21% Jan
*
Motors———-1
16%
16ya
22%
47
*73
96%
85% Apr
1133/4. Apr
37% Jun
47/8 Jan 22
*
$6
213/4'
37
37
*213/4
~60
1
Dec
102% Dec
28
*
29%
Deo
28
Feb
Jan
26
Jun
-~87% Jan 24.
preferred—
———No par
Wilson-Jones Co———————10
Wisconsin El"Pow Co 6% pfd—100
Woodward Iron Co—
—10
Woolworth (P W) Co————.—-10
Worthlngton P & M (Del)—No par
Prior pfd 4% % series—
.—100
Prior pfd 4% % Conv series—.100
Wright AeronauticalJ
—,—-No par
93
55
90
*91
31% Jun
31a/4 Jan 24
:
■
y
Wilson & CO Inc..——.—No par
■
85i/a
Jan
18%
July 13
108% July 12
Apr 16
30
r *
Willys-Overland
»
Jun
83
118
•277/ft July 18
31'/a Aug
7
373/4 May l2
——.5
1,500
700
16
77
14
July 18
113
106% Jan
15,800
.
Dec
25%
22%. Jan
117
8
July IT
'26% Jan
Mach Corp—-—— 1
preferred———No phr
preferred—L———-20
Wilcox OllCo.
6%
28
87
30% July 26
20.200
*132
"
Jan
-27% Feb
15
'25»/4
"*28
43%;
Prior,
Feb
34% Jun
109
8
641/4 Jan
2
44
Mar 26
$4 conv
-
l.ioo-
29% July 11
2
'30y2 Jan
■White Sewing
200
«
Jan
108
100
23%
-
A-: 14.%
100 y8
n-
.8 V v: 8 %
90
•
*54
i
V
:
£5%
43%
4.200
10a/8 July
"
-
———1
White Motor Co————
f
Jan
-323/4 Jan 13
Wheeling. Steel Corp
—.No par
$5 conv prior pref—
^JJNo par
White Dental'Mfg (The S S)
30
A
34
v..
»
*132
:'"~*28;:
42%- .43%
8
16
*131%
28%
91
>
450"'
——
15
r
*33
■
■
31%
*90
133/4 -143/4
100
16
'
v
14%
'
y>
34%
22%
14%
100%
15%
91
7%
14%
16
31 y4
«
'
7% A 8
22%
:
t
25
4,500
•->
2
*64
Wheeling & Lake Erie Ry——100
5%
conv- preferred
——100,.. *102
50
70
.
39'A95- t'V':
,■
*24
14%
13i/2
,
94
y
31%
34%
:
••
25
•
*88
V1001/4* 100%
•131%
-
91
38
A
941/8
29%
34%
,
11% Mar
Jan 10
*
84.50 preferred-.——No par
$4.25 preferred——No. par
-
May 10
-13% Feb
—12y2
120
i
73
Deo
31 Vz
8
-17% Mar 27
West vaco Chlorine Prod——No Par
*1023/a 103-
•
•.373/4,.
*24*:
13%
*87
24%
100%
•":."
301/4
13%
l.
/
25
73
Aug
22%
Jan
-223/4 Mar 21
106
Instrument——12.50
Weston Elec
300
t
;
25*
Apr
23
109 3/4 Jan 26
preferred— 1Q0
500
107%
933/4
•32
14% 114%
24
-*1001/4
*15%
?y
,
34%
*8
8%
8%
•
36-
30
13%
*106,
1023/a
,/•
933/4
.91
.
*31%
;
109%
77 y2
363A
-
*24
29%* 30%
.
13%
131/4
•87
933/4
-109%
*73
1023/8
:
36%
v
93%
*23% "243/4
25
31
: 37
-
*106
'
77%
'
'
110- '
IO73/4:
110
•
Xpr
151/4
19
Aug
*
Supply Co—
—10
Maryland Ry—100
v
•
'
mi
109
109%
*1063A 107%
*72 y2
77%
*108
■
mm
22%
July
36% Dec
20
28
-23% Mar 26
Westinghouse Electric Corp; new_50"
440
•
317/b
,
Feb
24% Feb
*843/4 Jan 20
1Q0
f
T
"
31
.
22%
7
39% Feb
100 y2 Jan
Western Union Teleg class A-No par Class B—
—No par
Westinghouse Air Brake-—--No parr
'
8
*
Western Pacific RR Co com—No par
Pieferred Series A——100..
8,500
:/•/' *27%
>
30 ,; ■•':.
32
24
Air* Lines, Inc——1
non«Cum 2nd
A%
.
4.600
y
A
preferred-——-—.
Western
.
3,800-
*
.87%
'
Western Auto
1,400
8,500
r
-
86%
45 V*
28%
32
.
46»A-
87%
■
27
■283/4
283/6
31%
■*-/
49%
47%
87
y'"Y"45
9
101
Western
1 1,3007'
-
15
'
3,500
A
A
9%
<
..26%- •26%
62
Apr
3
' 2
Mar 26
'303/a Jan
—5
—
n
y:
-
——
«. ..
93/8
"
-
.25%
:
26
:
"
•
9%.
9%
,
■
——
25
"20
"115
6%
2J/8 Aug
May
Jan
11%
37% May
18% May
9
July 17
~24% Jan
West Va puip St Pap Co—--No par
'
MM.
Inc
1,100
120
r
110%
*109%
Tobacco
?
30
.30
•
HOI/2
Feb
45
25
*
preferred——— ——————100
preferred—
—100
6%
1%
17
22
"
West Penn "Power 4 y2 % .pfd—. 100
100
~'
ll7/8 Mar
Jan
"
-1
,
West Indies Sugar Corp-*————1
West Penn Electric class A—No par
114
115
-
Webster
10 y* Jun
8
Jun
15
Mar 26
29% Apr
7% Jan
2% Apr
Pipe——No par
Corp—,
J5
Petroleum
6,100
*115
108'/a
115
NOV
108 3/4 Nov
18% Jun
70
13
Wesson Oil & Snowdrift—No par
$4 conv preferred——No par
v
X2Q
2
573/4 Jan 15-
——i.-5
Wayne Pump Co
s,
Jan
•1% Jan
No par
———50
1,300
V
17%
5
Waukesha Motor Co——9
32%
24
18
Washington Gas Lt Co—-No par
109%
Nov
Jun
Warren
87
~"
68
Jun
800
31
Feb
12
i
Dec
Nov
48
14
Pictures.
31%
Apr
X105
2
Bros
Highest
$ per than
6
2
600
•
26%
8
16
preferred—
1944
t per share
27
9 3% Jan
.Warren Fdy &
V 2,900
27%
Apr
20% Feb
19% Apr
8% Jan
800
*109
114%
108%*
115%
115
115
*86
v
?' 109 V',
114%
*108 "X: 1081/4-
108%
87
30% *31%
1087/a
9%
preferred——-No par
May
72
par
$7
800
.
35
IIO1/4 Apr
No par
Warner
1,600
»■■■
24
105% July 31
6iya Mar 27
No par
No
1,000
,
30% Jan
—100
—.
$ per than
Walworth Co————i—
1,800
35%
27%:
Div redeem
No par
...
.—
G & W
(Hiram)
Year
■=
Lowest
Ward Baking Co ci A
Class B————
39.800
20%.
,
27%
*86 P-
a/
30%
<
-108%
108%
115
108%
115
-301/8
31
30%
*108%
-
87
,
'
*108
21/4
2%
36
'
*115
2
Walker
66 y8
111.4
>
16%
*62
Walgreen Co—.
4% preferred
700
66%
201/4
-
Range Sinee January 1
Highest
Lowest
f per than
800
321/4
106
106
*66%
10 %
*
32%
106
67
10%
11
10 %
32
106
66%
*19%
11
*
31%
*106
67%
EXCHANGE
t per than
t per than
106%
31%
32%
66%
•
NEW YORK STOCK
tlje Week
Friday
Aug. 9
f per than
106%
20%
'•>'.? 11
(
Range for Previous
Bales for
Aug. 10
Thursday
Aug. 8
*106
32%
32 %
106
0
STOCKS
Wednesday
$ per than
691
—July 30, $317,000;
totaling $1,588,000.
Stock And Bond
Below
listed
on
New York City Banks A Trust 60s.
Averages*
the daily closing averages of representative stocks and bonds
the New York Stock Exchange as compiled by Dow, Jones & Co.
-Stocks-
10
20
II
Total
10
Rail-
UtiU«
65
Indus-
Grade
Grade
roads
ties
trials
Ralls
Rails
57.41
32.42
105.69
114.47
*163.06
—
Stocks
62.32
Holiday
.
First
Second
97.74
10
.—100
ties
:
40
Bonds
108.46
106.59
/Holiday
Chase
Trust
Co
Aug. 6
163.19
Aug. 7—
Aug.8—
161.55
161.83
56.46
32.05
61.66
105,73--
114.48'
97.63
108.31
Aug. 9—
164.55
57.80
32.56
62.81
105.86
114.61
97.50
,108.29
106.57
Empire Trust
Fiduciary Trust-
Aug
165.14
56,24
32.51
62.45
105.96
114.41
97.03
108.23
106.41
First National Bank
10
.
♦Corrected figure.
.
57.36
32.45
62.34
105.74
,114.51
97.73
108.41
106.60
Continental Bank
56.29
32.11
61.56
105.74
114.46
97.53
108.31
106.51
Corn Exchange Bank & Trust-20
106.54
& Trust-
:
——
56'/a
;
—20
——
10
.—50
———100
200
Guaranty Trust
—100
340
120
"
58%
•
,
48%
51%
-24%
"T 263/4
55
03
57%
" " 97 -•
33%
—1100 1,830
'35%
1,890
COuntyTrustl—
17
18
1,850
Trust——————25
Manufactures Trust Co com—20
Morgan (J F) & Co Inc-—100
National City Bank
12%
New York Trust
25
Lawvers
Public Nat'l Bank &
'
348
-100 1,800
10
rrvin<> mnist
Kings
42%
40%
:_-_10
Commercial National Bank &
190
Grace National
47%
Trust-
115
'
112
15
Chemical Bank:& Trust
-
~
115
-
——100
Fulton
'30%
45%
National Bank—
Par
isk
457
28%
Brooklyn Trust
100
Central Hanover Bank & Trust 20
Total
Utili¬
Bid
445
10
-
30
triala
Aug. 3——
Bank of New YorkBankers Trust
InduaDate—
Bank of the Manhattan Co.—10
-Bonds-
10
Aug. 4_
Par
are
Trust—17%
46
,49
60%
300
42%
62%
308
104'A
46%
107 %
48%
79%
12 y8
Sterling National
————~
76%
Title Guarantee & Trust—^—12
11%
United States Trust——100 1,495
44%,
1,555
5
Monday, August 13,1945
THE COMMERCIAL & FINANCIAL CHRONICLE
692
SB
Bond Record
York Stock
«»
WEEKLY
FRIDAY
NOTICE—Prices
RANGE
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
v
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
102
102.8
1 03.21
M-S
*101.30
1946-1949
J-D
102.4
1949-1952
J-D
*109.12
109.14
.1946-1948
J-D
*102.1
102.3
103.19
103~19
*111.8
111.10
111.4
111.27
3%s
Series
*113.6
113.8
112.27
114
3%s
Series
100.7
100.7
100.7
101.17
3%s
Series
No.
*105.10 105.12
105.14
106.11
3%s
Series
No.
23
*109.15
109.17
109.25
110.15
3%s
Series
No.
24
1951-1955
M-S
.1955-1960
M-8
1945-1947
U-S
1948-1951
M-8
1951-1954
*
J-D
__
__
.
__
I
__
3%s
Series
No.
19
No.
20
No.
21
3%s
Series
No.
Series
No.
26
3%s
Series
No.
27
3%s
Series
No.
28—
*100.22
U-S
*105.17
105.19
3%s
Series
No.
*106.20
106.22
107.1
107.15
3%s
Series
No.
1952-1954
107.18
107.25
Brisbane
(City)
s
M-S
1962-1967
_1963-1968
J-D
J-D
1964-1969
*103.4
__
el02.16
107.1
103.4
14
100.18
102.17
A 6s
.
—
■
Buenos Aires
M-S
19S1
stamped-.
102.9
External
102.7
13
100.10
102.2
Refunding s f 4%-4%s
External readj 4%-4%s
12
100.18
102.3
46
1973
2
100.27
104.9
2%s
Jan
15
18
100.28
101.12
3s
Jan
15
1953
Jan
13
J-D
101.10 101.10
101.10
3s
*103.10
103.12
103.28
103.28
102.4
102.9
102.9
ACarlsbad
J-D
*104.10
104.12
104.24
104.24
A Chile
J-D
*102.20 102.22
102.20
102.27
102.24
M-S
*102.22
J-D
*102.23 102.25
__March 1950-1952
M-S
*102.24
Sept 1950-1952
1951-1953
M-S
102.27
M-S
*102.28
102.30
1951-1955
J-D
*102.30
:v
94%
947/a
807/s "95
June 15 1952-1954
J-D
102.31
1952-1954
.1953-1953
102.26
103.2
102.21
__
11
103
102.10
103.3
External
f 7s
AExtl
106%
108%
J- J
'103% 104%
102%
M-N
"103% 104 %
102 7/8
106 %
J- J
'101% 102
102
1Q2%
'103% 104%
104
105%
103%
105%
J-J
12
103% 104
J-J
'39
70
20
-1942
M-N
20
M-N
19
-1960
A-O
Feb
1961
F-A
19%
17%
19%
18%
1961
F-A
19
19
Jan
1961
Jan
1961
J-J
2
19%
6
.;
I
19%
18%
:
J-J
"19%
17%
~7
21
19%
Feb
f 6s
s
22%
___Dec 15
16
.June
102.26 102.26
100*. 17 10~3".5
"I
6
J-D
1948
102.31
J-D
*106.19 106.21
J-D
18%
*101.17
sinking fund 6s
A 6s
Sep 1981
Sep 1961
19%
-17%
19%
18%
1983
assented
II
101.9
19%
A-O
101.4
101.10
A 6s
assented
1962
J-D
101.5
101.5
101.6
AExternal sinking fund 6s
A 6s assented
1980
112y8
25
118% 118%
122
19%
19%
17%
19%
19
19
1957
J-D
19
19
19
A
1957
J-D
18%
18%
Sinking fund
1961
J-D
6%s
1961
1961
A 68
Of
1927
external
s
1961
120
REctor 2-2300
Broadway, New York
Cuba
Rica
A-O
*66
;,r-:
4s—_1968
M-S
*82
61
90
fund 6s
*66
F-4
__
■
62%
'
71%
79
"J-
' '
'
(King of Norway)
71%
82
'
coll 7s A——1949
—1949
s f 7s series C
1945
s f 7s series D—
1943
s f 7s 1st series
1957
sec s f 7s 2d series—1957
sec s f 7s 3rd series—1957
*35%
J-J
(Dept)
f 7s series B__
J-J
'
■
37
*35%
31
f
f
38
38
34
40
*30
J-J
1
36
*35%
J-J
35
35
37
36
'
37%
34
'
37%
1
A-O
V
•'
'
A-O
30
*30
J-D
(City) external 5s_
1958
(National Government)—
S f external 4%s
1948
S f conv loan 4'/2S
——1971
S f extl conv loan 4s Feb—_—1972
S f extl conv loan 4s Apr
—__1972
Australia i Commonw'lth) 5s of '25-1955
External 5s of 1927
1957
External g 4%s of 1S28
—1950
Antwerp
1
30
30
A-O
30
*103
30
30
32%
"86%
104
33
33 y8
M-N
94%
1017/a
15
90
99 Va
95%
18
90%
25
99%
95%
95%
105
M-S
103%
102% 103%
M-N
100
External
s
f 7s
—1955
J-D
..-1978
J-D
J-J
•
*102%
—•
-
.;
.''i'-.
69%
,
Stamped pursuant to Plan A
(Int reduced to 3.375% )____1979
AExternal s f 6%s of 1927,™—1957
*
A-O
A-O
■
100
95%
99
107%
105%
103
56
55
21
77%
77%
48%
58%
A-O
50
M-JV
♦46
41%
49%
-1947
F-A
♦46
42
50
J-D
86
M-N
82
1951
M-N
7s
1914-1—
■
86
,
86
3
72%
83
3
70
-
5 89%
34%
1
31%
41%
M-S
*108
F-A
*108
J-D
112
.1953
J-J
113% 113%
.1945
J-D
*156
(Rep of) 8s ser A .1951
A-O
*110
114%
72
115 J/a
ASinking fund 8s series B—_ .1952
A-O
*110
115
74
115
Public
wks
:
-
5%s
A Czechoslovakia
.
lADenmark 20-year extl 6s
External gold 5%s
—
J-J
.1942
95
98
—
24
11
80
8
77
97
98
91%
lADominican Rep Cust Ad 5%s—-1942
§Alst series 5%s of 1926
-1940
5 A 2d series sink fund 5%s
.1940
M-S
*101%
A-O
*101%
1st
A-O
*101% 102%
-1969
fRepublic of)
A-O
-1907
J-J
-1945
l«
Finland
(Rep of) ext 6s_
Republic 7s stamped
unstamped-
French
M-S
J-D
7s
101%
102
*101% 102%
-1949
7s
100%
100
ir
-1969
series—.
1961
A-O
44%
60
*53
97
*97
*108%
106%
—
A7s
part
paid
A6s
part
paid
Irish Free State extl
AJugoslavia
109 %
59%
73%
70%
57%
71
1
52
73%
54
14%
1960
A-O
*88
M-N
101% 101%
100 %
'20%
12%
96
82%
69%
52
16%
97%
66
59%
5
10
17%
*96
71 Vi
52
18
A-O
66
67%
'
17
1952
19S8
u_
(Republic) s f 0s series A
Helsingfors
(City) ext 6%s—
104
18
—1964
;
Haiti
4.
67%
60
60
68
67%
68
*59
]p\
V'T
6i
66
~7
J-D
*69%
72
•;
AMedellin
Mcndoza
8
1 5s
—1960
(State Mtge Bk)
A-O
20%
J-D
A-O
68%
S% funding bends of 1931
No.
—:
No.
3%s
Series
No.
4—
Series
No.
No.
52
70
52
68%
69
60
32%
30
34%
*—
99
94
100%
A4%s stamped
AAssented
to
assented——1043
Nov.
5.
1942,
M-N
agree
*12%
*11%
—
14%
12%
12%
10%
11%
7—
53
74
9
10
3%s
Series
No.
11———
5%s
Series
No.
12
74
74%
52%
SECURITIES
FIRM TRADING MARKETS
52
76
—
page
696.
foreign securities specialists
68%
64%
52%
61%
61%
51%
66%
61%
51%
66
*60%
64%
51%
68
-
...
rAHL MARKS & CP- INC-
75
74
61%
14
see
51%
74
*60%
—
3%s Series No. 13
footnotes
74%
74
74
8
No.
No,
For
67%
74
No.
Series
No.
For Financial Institutions
72
Series
27
*30
J-D
68%
*74
Series
90%
102
J-D
68
52
6
?%s
Series
68%
52
63%
3%s
3%s
52
4
*63
...
3%s
:
17
63%
*63
3%s Series No. 5Series
63%
63%
63%
;
3—
3%s
65
63%
.
Series
23%
—1954
6%s
FOREIGN
♦
63
2
3%s
I
—v..
63%
1
a%s Series No.
v-"'.
25
100
4s readjusted—1954
(Colombia)
(Ptov)
1S57
7s
'
stamped pursuant to Plan A
Stamped pursuant to Plan A
(int reduced to 3.375% )T___1979
Internal $ bonds of 1944 (PlanB)—
98
108
Greek Government—
53
67%
A-O
1978
60
:
1949
Stamped pursuant to Plan A
(Int reduced to 3.5%)
99
95%
101%
—
*101%
99
100%
—
M-S
-
5%s 2d series—
157%
81%
90%
5 %s
113%
95
F-A
2d serles-
112
110
93%
A-O
Customs Admin 5%s
110
105%
154
.1955
—
108
—
112
-1962
External gold 4%s„
102%
68
--p:
*
(Int reduced to 3.375%)-—1979
A7s
(Central Ry)_—
—1952
94
82
34%
.1977
100%
w-*.'/'
16
70'A
♦76
55
.1949
105%
l"'
35
.1953
(Rep of)
100%
L—'
26
Mexican Irrigation—
■
A-O
■
*107% 109%
.
—
Stamped pursuant to Plan A
—1951
35
36
*103% 108
J-D
1941
-•.
99% 100
M-S
—1959
103
95
105%
f 6s
100%
21
25
80
*76
.1949
33%
105%
94%
A-O
s
(Int reduced to 3.5%)
AExternal s f 6%s of 1926
100
J-J
External
(U S of) external 8s
'..'4
102 %
100
100
F-A
-1949
lielgium external 6%s
102
M-N
35-
18%
18
69
'29%
34
2
16%
68%
17%
17%
18%
debt
AEstonia
.
18%
17%
4%s
105 Va
Argentine
18%
17%
loan
A
1947
1948
A-O
1940
Sinking fund 5%s
(Colombia)—
17%
external
4%s
fund 6s
~3
18 y9
.1952
(Republic of) 5s of
External
Municipal
~8
18%
18%
17%
J-J
1947
Sinking fund 7s of 1927
A Costa
lr 1693
18%
18%
18%
-17%
41%
(City) 5s
25-year gold 4%s_.
Teletype
NY
18"%
*46
Copenhagen
Members New York Stock Exchange
Telephone
~4
18%
18%
18%
A-O
1970
.Jan
f $ bonds.
Mtge Bank 6%s
ASinking fund 7s of 1926
Wertheim & Co.
18%
M-S
J-D
19
17%
18
■
M-S
1981
-Oct
A Colombia
A
2
18
of)—
1928.
3s
M-N
-1981
(Hukuang Ry) 5s_
of
J
M-N
-I960
(Republic
A 6s
2
19%
18
*18
A-O
1962
-1960
AChinese
>:
A-O
1902
assented
*19%
J-D
1961
assented
Colombia
Mtge Bank
18%
_9
''
M-N
A 7s
&
17%
M-N
A6%s assented
Foreign Securities
19%
19%
19%
19%
1963
AChile Mortgage Bank 6%s
J-D
17%
18%
A-O
2
1963
AChilean Cons Munlc 7s
Govt.
'
19%
19%
M-S
•
10~L 23
7
101.19
H
19%
19%
M-S
AExternal sinking fund 6s
City
Tork
AExtl
103.6
100.13
assented
A6%s assented
1950
Series
19%
17%
'
AGs
A6s
j%s
20
18%
25
19%
assented
70
5
20
19%
106%
36
5
19%
*
A-O
1960
;
sinking fund 6s
A 6s
Ally external
■
111%
*107% 108%
-1942
s
AExternal sinking fund 6s_
A6s assented
103
100.25
—
(Rep)
J-J
76
63
109%
1958
AGuaranteed sink fund 6s
,
"96%
83
32
73
*68
110% 111%
111%
.1954
8s
47s assented
103
„
101.29 103.4
—
(City)
J-J'
1967
1968
3s
A-O
1948
3s
*102.2
Issue—
Corporate Stock
lABrazil
91%
J-J
1961
3%s
30-year
30-year
104.4
104.4
25-year
1984
1960
:
30-yr 4s
AGuaranteed sink fund 6s
A6s assented-
A
92%
107.26
__Sep 1949-1951
Dec 1949-1951
New
AExternal
91%
107.8
Transit Unification
AExternal
M-N
107.10
bonds
f $
s
(Dom of)
M-S
l%s
AExternal
2
*107.8
external
Jun 1949-1951
2s —
2s—...
Treasury 1 %S,
AExternal
91
3%
Dec 1948-1950
Treasury
External
91
Canada
M-S
______Mar 1948-1950
,
Treasury 2s—_
A
A-O
91
95
80%
80%
15
1970
1 4%-4%s
s
39
101.24
J-D
_
Treasury
s
103 %
95
*95
91%
J-D
1956-1959
—1959-1962
1947
;
—
2s—.
Treasury 2s_—.
Treasuryx 2s_—
Treasury 2s
Treasury 2s_.—
Treasury 2s
Treasury 2s —
Treasury 2s
External
102%
•
Treasury
A
95%
100%
90
105.17
108.19
AAntloqula
101%
I'•.-w. I''*
*100% 103
91
101.6
104.7
sink
:■
68
'97%
.
..
89%
100.30
*104.5
AGtd
67
52%
l
53
V
101
*100% 101
,
■66
63%
*60%
*100
—
65%
68
•51%
'
F-A
104.13
*108.17
Akershus
'■■A-
.*
M-S
101.15
J-D
sink
61
•
1977
101.10
101.12
J-D
AGtd
.'
V
M-S
*104.11
J-D
1954-1959
Agricultural
52
64%
G1
-
67
51%
51%
I
1970
f 4%-4%s
s
External
J-D
M-S
1967-1972
-June
. ,____
Foreign
68
64%
60%
!
F- A
1950
100.15
101.31
"51%
;
66 %
*60%
M-S
1958
100.17
101.28
101.28
68
(Province of)—
1
102.6
67%
51%
.
60%
v
—
1957
5
102.3
51%
•
-
66%
L"
8
—
1 *60%
-
—
__
f 5s
101.23 101.25
■
M-S
1966-1971
:
elG2.16 102.17
102.6
102.6
J-D
—1965-1970
103.6
:
;
Sinking fund gold 5s
Sinking fund gold 6s
107.1
100.28
*107.11 107.13
__
J-D
__June 1964-1969
105.23
*105.21
M-8
.1956-1958
61
*60%
—
30
107.23
*107.16
65
60%
—
29
J-D
U-S
52
*60%
25
3%s
114.19
—1950-1952
66
51%
66
*60%
113.27
__
66
64%
60 V*
113.7
J-D
67
68
51%
3
60
60
■
100.24
67%
"51%
*60%
;
113.2
—1948
64%
59
*60%
—
112.21
—-1949-1953
Dec.
—
.
112.10
>
67%
51%
"
—
*60%
114.15
-1945
High
51%
__
*60%
18
113.11
1_.
—
*60'/a
17—
No.
112.29
1952-1955
3%
No.
Series
*114.13
2%s_
2%s
Treasury
Series
3%s
*113.9
_1951-1953
Treasury 2s_—
3%s
*112.27
v—"
Low
5
'
J-D
Treasury 2%s_.
.
16—
J-D
2%s_.
2%s_.
No.
US
2%s_.
Treasury
Series
1960-1965
Treasury
Treasury 2s—..
3%s
1956-1959
Treasury
Treasury
15——
1958-1963
Sept 1967-1972
Treasury
No.
60%
—
22
_
Series
Sold
No.
Low
60%
(Continued)
3%s
Range Since
January 1
Bonds
Bid & Asked
High
(Continued)
External $ bonds
103.27
102.4
No.
Low
Last
Sale Price
Brazil
109.24
102.4
Period
*107.30 108
.
Treasury
High
108.14
High
„
Treasury
Low
Week's Range
or Friday's
Friday
Interest
Stock Exchange
New Tork
Range Since
January 1
Sold
.1946-1956
3%8.
3%s.
3%s_
3s_„
3s
2%s_.
2%s_.
2%s_.
2%s_.
2%s_.
2%s_
2%s_.
2%s_.
2%s_
2%s_.
2%s_.
2%s_.
2%s~
2%s .
2%s
2%s_.
2y2s
2y2s .
?y2s
2 %s_.
Treasury
Bonds
Bid & Asked
A-0
4%s.
Treasury
AUGUST 10
ENDING
1947-1951
Treasury
Treasury
Sale Price
Government
8
u.
Last
Period
Treasury
Interest
WEEK
BONDS
Week's Range
or Friday's
Friday
BONDS
Tork Stock Exchange
FOR
Of
only transactions
for the year.
defaulted bonds. Cash and deferred delivery sales are disregarded in the week's range, unless they are 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
headed "Interest Period" Indicate In each case the month when *b# bond# mature.
The italic letters In the column
New
YEARLY
-
interest"—except for Income and
"and
are
and when outside of the
the week,
Exchange
50 Broad Si., New York 4, N. Y.
Telephone HAnover 2-0050
Teletype N. Y. 1-971
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4411
162
693
NEW YORK BOND RECORD
RANGE
FOR
WEEK ENDING AUGUST
10
•
bonds
■;
-
Friday
Interest
Week's Range
or Friday's
East
Period
Stock Exchange
Nrw York
Bale Price
Bonds
Range Since
Bid & Asked
Sold
January 1
Low
No.
Low
High
High
Mexico—(Continued)—
A
Mexico
extl 5b ol 1B99 £—1943
(US)
A Assenting
5s of 1899———-.-.-1943
to Nov. 5,. 1942, agree
...
4s Of 1904—..——1954
J -D
A
Assented
to
Nov.
1910.,—
5, 1942,
jAlreasury 6s of 1913 assent
A Assented
to
Nov.
AAssented
to
Nov.
Minus Uerues
5,
ASec external
1933
AMontevldeo
s
External
Norway
4s
♦11
11%
♦18
♦13%
a
f
(State)—
35%
46%
38%
47%
37
118
*115
M-N
........1958
A-O
100
100%
M-S
101
101
A-O
*101
F-A
*93
f 5s—.
iCity) sink fund 4%S——1958
(Rep) extl s 1 0» »er A_19«3
100% 100%
J-D
A-O
s
(State of)
99%
99 Ye
MS
7s____—.1947
*105%
44%
*
M-S
external 7s....—1959
A Nat loan extl s f 6s 1st 3er
1960
A Nat Loan extl s 1 6s 2d ser.—.1961
(Rep ol)
22%
MS
j-D
20%
20%
A-O
20%
20%
(Rep of) gold 6s.—..1940
A4,/as assented——
—1958
A Stabilization loan 8 f 7s..—.1947
A-O
A-O
A-O
*32%
■
:
■
■
_
jAPoland
■
:
-
.
gold 88—1950
...——1963
A-O
"7
■
21 %
18%
AExternal sink fund
A4%s assented
25%
Stamped pursuant to Plan A
(Int reduced to 2.25% )
2006
,
;
M-N
*70%
104% 104 Va
A-O
Stamped pursuant to Plan A
(Int reduced to 2.375 %)_...2001
48
47%
6V1S—..——1953
43
107%
109 %
Oct
-.1946
;
Stamped pursuant to Plan a
(Int reduced to 2.5% >--—1999
A6s external sink fund gold—...1968
Stamped pursuant to Plan A
(Int reduced to 2%).—.—2012
A-O
;
Stamped pursuant to Plan A
(Int reduced to 2.25%)
reduced
52
■
—
45Vi
■?
Con
4s
40
50
46%
105%
-
103% 104%
103%
103% 103%
97
98%
106%
15
99%
107%
78%
78
80%
295
66%
88%
J-D
86%
85%
88
115
75%
92%
M-S
78%
77%
80%
96
66%
88
M-S
79
77%
66%
88
62%
62%
80 Va
65%
89
F-A
519
55
75
M-N
97%
97%
98%
69
94% 100%
J-J
^
1
1947) due——1950
97
98
94
86%
100
91
101
i
97
.—1959
J-J
100
100%
42%
4
36%
45%
35
42%
42%
39%
47
—1951
J-J
*_.
94%
.—.—.1951
J-J
9
2004
*45%
*
..."
36
v...''';
—
*46%
*42%
...
Beneficial
*60
J-D
2%s
42%
37%
—
mtge
3s series G
J-J
45%
*53
series
H„
*53%
102
101%
103
105%
107%
'
■4;.
*10211 103 V\
F-A
..1965
V-:'
105
105
105
..108
108
104
..
M-S
M-N
.——.1961
A-O
M-N
74%
74%
75%
70
70%
F-A
77
77
78
14
63%
.1966
M-N
M-N
—.1969
MS
ii
1981
F-A
Buffalo Niag Elec 3%s series C
1967
J-D
cons M
3 As.
—
Buffalo Gen Elec 4 %s B—
53
MS
'•
102% 102 V2
Eklyn Union El 1st gold 5s——
1950
Bklyn Union Gas 6s scries A———1947
Gen mtge s f 3%s
1969
60%
J-J
100%
103
130% 130%
*101% 102
•
Bklyn Edison
52
42
"l
102%
131%
1st mtge 4s series RR
1960
Alnc mtge 4%s ser A..—July 1970
*ABoston & N Y Air L 1st 43—1955
60
*60
98 Va
102%
129%
*102%
1st gold 4%s series JJ—;
40
43%
*53
'
<
F-A
.1960
4s s f debentures..
'
86%
1st M 5s series II—.——1955
45%
45%
: —:
'
'
A-O
...^..1956
Consol mtge 3Vis
42
37%
45
98%
~5
;
Boston & Maine 1st 5s AC——1967
50%
41
MB
A-O
Indus Loan 2%s——1950
debentures
Consol
98%
49%
86%
93%
Bethlehem Steel Corporation—
40%
90%
*37%
J-J
J-J
93%
A-O
48%
36
,
43%
Af-N
Stamped pursuant to Plan A
(Int. reduced to 2% )——2012
Paulo (State) 8s— ——1936
Stamped pursuant to Plan A
(tot reduced to 2.5% ),
-.1999
A8s external——.1950
stamped........
Beech Creek Extension 1st 3% s—1951
Bell Telephone of Pa 5s series C_—1960
40%
94
40%
94
...
lASan
—
'
49%
39%
39%
—
J-D
ref 4s
45
♦
.1957
*106% 107%
*106
106%
J-J
F-A
101
100% 101
105
*106%
.
-.
M-S
*108
21
105%
9
..
106
98
103%
105
80%
84
106 %
58
106
1
109% 109%
109:
107%
106 Va
11
;
108%
106%
108 %
__
108%
105% 105%
—
108
105%
104
110&
105%
108 %
105% 107%
109% 111%
107% 107%
Buffalo Rochester & Pgh Ry—
Stamped pursuant to Plan A
(tot reduced to 2.5% )—
1999
A 7» extl water loan———1956
Stamped pursuant to Plan A
(Int reduced to 2.25% )
.2004
J-J
1968
J-J
—
109%
38
S'west Dlv 1st M (int at 3%%
"•■J
2.375%)—2001
Ads extl dollar loan
44
J-D
Feb 11960
Toledo Cin Div ref 4b A—
54
1
*45%
Af-N
A6%s extl secured s i——
due
to Jan
42%
.M-S
to
104
A-O
due—.—.July 1948
1946)
Pgh L E & W Va System—
Ref gold 4s extended to—1951
Stamped pursuant to Plan A
(Int
109 Va
102
3
*102 Va 103%
'
A Conv
40
41%
*35
M-N
8s—.—-.1952
(City)
Paulo
{ASan
1946)
1
(int at 1% to
due..
—2000
Ref & gen ser F (int at 1% to
Sep 1 1946) due——
1990
46
35%
41%
...
tund :4s—.1964
flanta Fe external sink
■■. V6'.
.
A-O
Sep 1 1946)
50
37
2
*50%
J-D
A 7ft external loan vt 1926—...—1966
.
41
107%
104%
96%
RR—
A (int at \% to
due
—.1995
Ref & gen ser C (int at 1%%
to Dec 1 1946) due.....
.1995
83
42 Va
~7
J-D
Stamped pursuant to Plan A
(Int reduced to 2.28%)
2004
A7ft municipal loan..;
1967
v
M-S
44
49
40%
MAM,
45
Bangor Ac Aroostook RR—
A8s extl loan of 1921
-
Ohio
1
Dec
v
t
■
'
Ref & gen ser
41
40
40%
•
*47
51%
Stamped pursuant to Plan A
(tot reduced to 2%)-.
.2012
IA Secured a f 7s
1940
J-J
A-O
46
Stamped pursuant to Plan A
(Int reduced to 3.5% )_.—1978
A-O
73
Af-N
Af-N
21
...
(Kingdom)—
A 8s secured external..
——1962
A 7s series B sec extl—
...1962
A Silesia (Prov of) extl 7s—
1958
A4%s assented
——1958
51%
51%
"l
39
Stamped
modified
(interest
at
3% to May 1, 1947) due..——1957
IBurlington Cedar Rap & Nor—
53%
§Alst & coll 5s..—..—.
46%
•
37
ACertificates
51%
of
46
46
73
73
36
87%
64
1
Consolidated
46
66 Va
.:;::l
78
'
80%
82%
A-O
.—1934
80%
45%
44
46%*
46
46
46
deposit—.——
Bush Terminal 1st 4si.
*74%
M-N
5s_.._;
94%
J-J
1955
Bush Term Bldgs 5s gtd
*102%
A-O
..—....1952
A-O
101%
A-O
...—I960
107%
94
85*
73%
176
31%
1
31
101%
...
95
9
86%
101% 102
8
97ya
86%
51
49%
103%
98%
104
82
Serbs Croats & Slovenes
,
1978
17%
26%
100 y
103%
105
4-4%-4%s extl readjustment—.1978
.1984
external 7s——*1958
A*%s assented
—1958
(City)
—
83%
83%
5
75%
89
82
2
74%
87
72
78%
91
84%
fAbitibi Power & Paper—
5 A 5s series A plain
———.1953
J-D
Af-S
13
20%
Cart
155 v
3%s—.1972
J-J
A-O
1948
A-O
*100%
Albany & Suscmehanna RR 3%s—1P46
A-O
*101%
Gen mtge 4'/2s
Alleghany & West 1st gtd 4s
Am & Foreign Pow Heb 5s
—1975
A-O
—199a
—.2030
Af-S
conv
5%S
—
..1949
3Vis
debentures—.————I960
3s cony debentures—
.—.—...1950
Amer Tobacco Co deb 3s.—..——1962
3s
debentures
.1969
*98%
.AT-N
J-D
M-N
72%
A-O
22%
1959
A-O
22
109
AChatt Div pur money gold 4s._1951
AMobile Div 1st gold 5s__—.1946
J-D
79%
Central Illinois Light 3%s__—1966
—
100
102%
J A Cent New
Eng 1st gtd 4s
tAOntral of N J gen gold 5s__.
1961
J-J
1987
J-J
99
3
102
:
,
104%
A 5s registered
AGeneral 4s_^.—
& 105%
49
A4s
105% 109%
105% 109%
105% 106
14
137
139
.96
116
143%
103
103%
21
101 %
103%
M-N
Jan
103 Va 103%
87
87%
23
14%
28
13%
28
79%
79%
1
63%
108
42 Vi
108
102% 102%,
1st
4%s
mtge 3Vis series E__:
cum
income
(Subordinated)
For
footnotes
1964
Q-J
*93
'100
105 %
105% 106
23
45
161
38
55
42
44 Va
164
36%
52%
39V'2
41
66
34%
48%
...1987
*35
see
page
696.
1975
Af-N
106%
106
106%
42
35%
43%
"I
103%
106%
107% 107%
8
107%
109
104%
96
(4%%
to Aug I 1949)
1974
F-A.
103%
103
143
85
*89%
M-S
..1992
Ref &
Ref &
itppt mtge 3%s D
impjt M 3%s series E
104% 107%
R & A Div
102%
107%
1st
cons
1996
—1996
143
1946
1
*102%
J-J
1949
A-O
tACLJcago & Alton RR ref 3s
—
49%
104%
106%
104
107%
103
128%
*12*?
52%
90
145%
54
776
131
125
*131
J-J
J-J
140%
104%
111
102%
25
104% 104%
F-A
1989
1
104% 105%
M-N
gold 4s—.1989
gold 4s
96%
108%
F-A
M-N
105%
44
105% 105 %
F-A
{ ACentral RR & Banking 5s stmp.1942
102
48
103%
A-O
2d consol
....
96
42%
Chesapeake & Ohio Ry—
General gold 4Vis..
90
debs
due
•••.'4
87
109%
Power 3s.—*..—1974
Potts Creek Br 1st 4s_
M-S
106%
40
104
104
Af-S
29%
,5
43%
J
Ann Arbor 1st gold 4s
1995
Ark & Memphis Rv Bdge & Term 5s 1964
Armour & Co fill)—
6
■
43
J-J
115%
71
84
50
350
100%
94
27
53%
91
106Va
22%
110%
58
*114% 114%
87%
101
75%
86%
Central Pacific 1st ref gtd gold 4s.1949
Guaranteed gold 5s_...
.1960
1st & ref series A
104 y8
A-O
32
'
1987
.1987
registered..^*—.....
108
104%
73
.20%
42%
A-O
138%
1967
J-J
102%
102
71
88
106%
102%
,
21%
110 Va
102%
100
1959
103%
1975
Anglo-Chilean Nitrate deb
99
5s series C
A-O
A
99
5%s series B
103%
78
F-A
ARef & gen
94
9
89
ARef & gen
89%
107
85%
104
5 A Consol gold 5s
114% 116%
121%
111V4 120 %
89
106%
49
105 %
107%
'103
100
99%
103%
13
.89
100
102%
107%
106%
4
107%
J-D
103%
MS
Am Wat Wks & Elec 6s series A
1945
—1945
;
—
103% 103%
1705tV
gold 4s—1948
104
Central N Y
A-O
1st
102%
;
105
U P
107
~2
115
115
102
tCentral of Georgia Ry—
A 1st mtge 5s_........—..JNov
102
102
102
A Cent
108
'.
Jg
96%
103% 103%
J-J
J-J
.1953
157
Branch
•
104%
*107% 107%
Albany Perfor Wrap Pap 6s—..—.J948
.1962
107
85%
F-A
1981
106%
*120%
107%
103
—
A-O
96%
104%. 105%
*105
*103%
102% 102%
American Telephone & Telegraph Co.-13Vis debentures—1961
Ohio 4s—.—1965
104
55
103% 103%
3
*106Vi 107
Amer I G Chem
103%
18%
J-D
assented
M--S
J-J
M-N
warrants
115
105
M-S
14
118
116%
1
106%
Carolina Clinch Si
—
121%
117%
116%
2
104 3Ta 104 372
J-D
tJACarolina Central 1st gtd 4s—1949
Certificates of deposit
100% 101%
116Va
1
121%
120%
27
*150
116%
6
112%
18%
101%
117%
113% 113%
78
.....
5
.
119% 119%
F-A
—I960
& Adir 1st gtd gold 4s
118% 118%
'i 116% 117
117
117
108%
107%
112
F-A
18%
'■
7
115%
70
2
—
F-A
mtge
4V2S__
106%
103%
115%
*117% 118%
J-J
2
—
-——.1947
1st
trust
117
115
A-O
22
90 Va
10-year deb 4Vis stamped. _—_1946
Great Southern 3 Vis—1967
Alabama
Power
118%
J-J
J-D
22
90
*79
J-D
—
Coll trust 4s of 1907
J-J
Celanese Corp 3Vis debs
Celot.ex Corp 3%s debs.
AStamped
—.—1953
Adams Express coll tr gold 4s_—1948
.
115
cons
107% 107%
*104% 106
A-O
Collateral
and Industrial Companies
Railroad
Power 3%s_.—-.1968
M-N
87%
♦81%
F-A
J-J
F-A
F-A
extl conv
3%s extl readjustment—
-
105
82
83%
J-D
with
3Vis———1974
gtd 5s A...1962
Canadian National gold 4%s.._
1957
Guaranteed gold 5s
Oct 1969
Guaranteed gold 5s__.—
...1970
Guaranteed gold 4%s—
.1955
Guaranteed gSld 4Vis—
—1956
Guaranteed gold 4'/as—........ 1951
Canadian Northern Ry deb 6%s__.1946
Can Pac Ry 4% deb stk perpetual—.
Elec
Calif Oregon Power
Canada Soutnern
..
*100
Af-N
6s
32
24%
24%
*100
Af-N
Alabama
California
27%
*100
conversion——.1979
AWarsaw
27%
*100% 101%
AT-N
1937)
External readjustment—..——1979
3%-4Va-4A
21
Af-N
1964
12
13
21
($ bonds of
3%s-4-4J/8%
External
21
20%
12
22
20%
*26
J-D
J-D
F-A
F-A
Sydney (City) s t 5%s_—.—-—1955
AUruguay (Republic) extl 88—
-1948
AExternal sink fund 6s..—..I960
AExternal sink fund 6s.—
;
110%
104%
48
48
J-J
mtge gold 4s———-July 1948
Stamped modified bonds—
1st mtge gold
(int at 4% to
104%
41
43
*105%
J-J
1st
42
101%
2
42%
110% 111
110% 111%
109
B
Baltimore &
47
71 y8
38%
F-A
133%
115% 123
117
124
;V;—
107
49%
.L' ■■■
F-a
Stamped pursuant to Plan a
(Int reduced to 2% >—2012
Rio Grande do Sul (State of)—
High
129%
Ref & gen ser D
2
a-0
'w-*
108
50%
37%
;■
48
*11014
1
108%
.
*
F-A
m.—
107
30%
41
j-j
APrague (City of Greater) 7%s—1952
Queensland (State) extl 6s_.
.1947
A Rio de Janeiro (City of) 8s
1948
sec
14%
*46%
*11014
■'
J-D
30%
43
;
J-D
1
1
110S3.110S3''
"'
J-D
J-D
M-S
39
44%
25%
J-D
__
121
M-N
34%
16
*47%
.........1955
120
■
27%
25%
38
*123
M-N
25%
32
j-j
r
2
25%
2
j-d
.
(City of) 8s—1961
Stamped pursuant to Plan A
(Ipt reduced to 2.375%).—.-2001
AExternal loan 7%s-—
——1968
APorto Alegre
■
•
Low
"22
129% 130
.129%
Nov
24%
14%
•
Range Binee
January 1
24%
18%
47
'
Sold
No.
25%
25 Va
94
21%
40%
Bonds
High
General unified 4%s A
...1964
Atlantic & Danville Ry 1st 4s
..1948
Second mortgage 4s
.——1948
Atlantic Refining deb 3s
.—.....1953
47
19%
..
Friday's
mortgage 3%s_.———.1963
Atlantic Coast 1st cons 4s....July 1952
100
38%
5
1995
...1995
1st
105%
38%
38%
22%
•
25%
95%
98%
105%
i
■
44Va
*24
Adjustment gold 4s
Stamped 4s
Conv gold 4s Of 1909
...
98 Va
95
5
99%
.26
j-j
98%
.'
*33
1968
——
■':.
or
Bid & Asked
1
A-O
...
Conv 4s of 1905—
1955
Conv gold 4s of 1910
.........1960
Atl Knox & Nor 1st gold 5s
—1948
Atlanta & Charlotte Air
Line Ry—■
90%
05
'•••
M-S
100%
88%
1
93
:
Week's Range
Last
Sale Price
Atchison Topeka & Santa Fe—
General 4s
...199a
—...
101
98%
88
93
J-D
98%
..
*95
,
-
10O
Teletype—NY 1-310
Low
97
103%
100% 101%
11
1
•95
M-N
Stamped pursuant to Plan a
(Int reduced to 2.125% )—2008
A4%s assented..—
Friday
Interest
Period
97% 103
7
•
*93%
M-N
AStamped assented 5s——1963
Stamp mod 3 Vis ext to
1994
Ext sec ref 3%s series B—....—.1967
APernft"tbuco
-
New 'York' 6
Bell
BONDS
*105
F-A
——1963
Exchange
■
Telephone—DIgby 4-4933
;
4 V4S—.—1965
Stock
v'
120
J-D
100
York
■
New York Stock Exchange
—
4%s.._—.1956
tund
-'i;
41
47%
,
2008
1970
AExternal
Members New
Broadway
37
*44%
M-S
46
42
—-..1957
5s
slnX
*44%
*_.
...
APanama
•'
17%
22%
—
38%
—1959
f 5s——.—
Municipal Bank e*tl
APeru
2^;5retii^BiLp
18%
12%
22%
•17%
....1952
.——
sink fund extl loan
Oslo
13%
9%
16
15%
*22%
M-S
1959
7s—.
(Kingdom of)
External
13
J-J
2.125% )—".2008
to
(City)
$
10%
61
f 6%s
»
South Wales
External
14%
...
1942, agree
Stamped pursuant to Plan A
(Int reduced to 2.125%)
New
♦11'A
Reorganization Securities
18
17Vi
(State)—
reduced
series
19%
16
J-J
6%s—.—1958
Stamped pursuant to Plan A
A6s
18%
17Vi
...
,
agree
A Sec external s f
(Int
19%
17%
—
1942, agree
1943
5,
AAsoentlng 4s of
,
19%
Q-J
A Assented
A Assenting
Railroad
Q-J
126
32
59
THE COMMERCIAL & FINANCIAL CHRONICLE
694
Monday, August 13, 1945'
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING
BONDS
Week's Range
or Friday's
Friday
BONDS
Interest
Last
Period
New York Stock Exchange
Sale Price
Bonds
General 4s
4Vis series B
1st it ref
3%s
1st & ref rntge
Erie 1st gold 5s
Chicago Gt West 1st 4s series
4%s
North Western Ry—
conv income 4Vis
mtge 3s ser B
:
1st
{Chicago Rock
AGeneral 4s
1st 5s stpd
deposit
2%s ser G
Indiana com 4s
ref 4 Vis series D
mtge
gold 4s
3s—
Cleveland & Pittsburgh RR—
1st coll tr
St L Div
Series
D
Columbus &
Columbus &
Columbus &
deb 4s
ADebenture
4s
A Debenture
4s
1st 5Vis
96%
97%
79
31%
Dayton Union Ry 3Vis series JB_
& Co 2%s debs
Delaware
& Hudson 4s
92%
N
88
45
95%
1st
&
ref M 5s
mtge
Power
•
ser
C
Light
3s
97%
7
95%
& Rio Grande RR—
§ A 1st consol 4s
§AConsol gold 4 Vis
27
96%
69
25%
28'%
891
17%
33%
91
89%
91%
653
77%
94
Gen
*102% 103%
,7
103%
103
—
85%
7
68%
101
78%
108%
-7
2"
69%
1,129
47%
163
52%
79%
20
'21%
22'A
332
Uz
'
*96%
97
97
87
;i.
99
:■
Z-Z'
7:;
105%
132
120%
128%
3
99%
44
55%
100% 100%
70
70
M-~N
-•
117%
~1
125
73
104 %
102
80
57
104'/r 104%
77%
103
78
*50
inc
conv
19'49
104%
J-D
1969
Steel
debs
Castings 5 Vis
&
Ala
-'M-S
1949
J-J
:
*101
7 106
,M-S
97%
97%
A-O
92
108
7 1
97%
1
v
.77
7
111
106%
1952
J-J
133% 134
J-J
ctfs
1977
99
M-N
•
15
105
77/177
*107% 110
J-D
109
108%
120
J-J
110%
110
J-J
204%
104% 105
130%
109%
9
110%
112%
105% 106%
9
104%
106%
7
7
103%
107
J-J
106%
106% 106%
5
105%
109
107%
107% 107%
6
106
111%
-
'
Feb
V
84
74
*78%
13%
18%
102%
102% 102%
5
102%
104%
J-J
103%
103% 104'A
9
101%
106
Feb
"
;—1969
17
A-O
:>
—
debs——1959
Gen mtge inc 5s series A_—
lst is ref -3%s -series D
137%
121%
'V -J-J
L—l—,*—•—1970
,•_>
105%
123
127%
1
:
119%
7
120%
J-J
1975
103%
102%
106%
105% 105%
>-a
90%
76
10
,
99%
■
120%
,_19Ri
—
B
8
128% 128%
2015
.
% 96% 100
100
A-o
J-J
114%
101%
__
1978
K
ser
Corp -3s
*102%
100%
28
7100% 101
101
J-D
115
7:7 91%
__
"M-N
-
53
89%
;_i
Gulf Mobile & Ohio 4s series B
103
90%
ser
73
105%
54%
40
Z
noi
1960
mtge
A Debentures
-J-j
-
:
mtge 3%S'series 1
Greyhound
103 %
3
__
3Vis-ser M—-----1980
AGreen Bay & West deb ctfs A-—-——
V
65%
4
51%
39%
1934
Gen mtge
105%
7 39
106
105
•
108
102%
103
108% 109
109
83
105%
Z 4
90
50%
1973
Gen
3%sGen mtge 3%a
70
104
'
69
104
51%
:
i
Gen
94%
69%
J-J
Oct 1 1945
Ry 5s„__
General 4%s series D—
General 4 Vis series E
100
94%
"83%
15
14%
15
100
101
101
11
91
101%
101
J-J
V' A-O
101
3
98
104
Gulf
& Ship Island RR—
•
•
'
lst & ref Term M 5s stpd—...1952
'&
J-J
98%
*93
Gulf States UtU 3Vis series D
1968
M-N
Hooking Valley Ry lst 4%a
1999
J-J
108%
*107% 109%
98%
110
..
'F-A
•v
♦112%
103
F-A
*109
J-D
"
92%
i
111% 112%
'
102
:
112%
105'7/
111
83
•
'
J-J
'■
♦
89%
80
9
90
96%
91%
106
106
101%
107
107% 107%
J-J
M-N
106
U ;
139%
*139
144
103% 103%
5
83%
125
144%
tSAHousatonic Ry cons gold 5s—1937
M-N
Hudson Coal lst
1962
J-D
1949
M-N
1957
F-A
72
72
76
76
64%
80
Feb 1957
A-O
36%
36%
39
84
30%
45
Hudson
Co
Gas
f 5s series A
lst gold 5s
s
Hudson St Manhattan
109%
107
106
M-N
H
104%
107
8
•121%'v.
92% 95%
J-D
J-J
■
—
102% 103
lst 5s A
—
76
76
103%
96
72%
87%
114%
*114% 115%
1157%
107
AAdj Income 5s
-
*107'A
'F-A
'
2-
109% 112%
*112% 114'A
A-O
107'%
1071/2 107%
13
105%
108%
Illinois Bell Telep 2%s series A
107
A-O
106% 107'/a
43
104%
107 %
Illinois Central RR—
lst gold 4s
"
A-O
7
106%
A-O
102%
19
106% 107".
107'A
39
102%
105%
lst gold 3s
103 •%
■J-J
103 7/a 104%
32
103%
106%
Collateral trust gold 4s
108
108%
Refunding 4s
*107%
A-O
Purchased
sterling
-
lines.3%s
J-J
*100%
1951
A-O
101
1951
102% 103%
*104%
m-a
*70
1952
A-O
M-N
*110%
*114'/a
123%
107
J-J
F-A
•;/
—
114
114
122 Vi 123%
19
116
17
105%
108%
111%
112%.
105%
107%
*112'A
F-A
107%
*106%
-
*
J-J
104%
; J-D
103%
102% 102%
3
102
.795
M-N
104
F-A
,88%
-
23
102
10
104%
107'A
103% 103%
15
105%
74 %
75%
■■■•—
70
M-N
<t
J-J
57
74
M-N
106%
M-N
105%
104%
106% 106%
27
106%
105%
108%
105 % 106
22
108'/a
110%"
102% 103
6
102%
103%
51
6
42%
43%
108% 108%
'
J-D
102%
J-D
/ 42% >
j-J
12
1946
-
80
46%
45%
;
66
66
-
1965
A-O
M-N
43
42%
52
62
62
71
66
43
100%
-
1951
/
50%
103%
1963
D
1st
,
2
103
78
98
108'A
100
Z~
*64
100
1
99%
68%
57%
107%
106
16
13
62%
64%
66%
85
67
F-A
F-A
A-O
A lst
6s
series. A—
AAdjustment 6s.
.
A lst
5s
series
89%
67%
6
15%
16%
126
13
14
142
J-J
98
103 ya
81%
100%
76%
,4® /
89%
105%
97
127
91
96
100
99%
95%
J-J
A
*85%
—
*111
106%
95
61%
•
gold 5s series C
1950
jAlnternat Hydrd El deb 6s—-1944
Internat Pbper 5s series A & B
1947
Ref sink fund 6s series A
1955
Int Rys Cent Amer lst 5s B—
—1972
Int Telep & Teleg deb gold 4%s—1952
-
"V'
J "J
59%
75
61
63
62%
47%
117
28%
79%
2
58%
85
11
58%
84%
1
85
74%
88
80%
79%
80'A
A-O
85
84
85%
M-S
■'
—
*103'/a
;
9
74
101%
104% 105'A
James Frank! & Clear. 1st 4s
1959
J-D
1961
J-J
;
105%
111%
102%
95%
102%
99
130
105%
J
&
Laughlin Steel 3%s
| ARefunding gtd 4s
109
48
28
56
35%
114% 114'A
~2
110%
114'A
101'/a
101'/a 101%
9
101%
103%
106%
106% 106%
*60
67%
1
106
106%
105
88%
102%
104%
103
107%
7/'
.
.
7--/7 :/;;/'
107'/a 107 Va
A-O
99
of
1st, 3s
4'As
1950
A-O
102%
88%
*—
Ry 2%s____1974
3
*120%
1987
J-J
1961
J-J
*75%
J-J
*105%
J-J
81%
89:
~-
*109%
1961
unguaranteed
Kings County El L & P 6s_—
34
80%
21
V
93
92%
91%
103
A-O
1961
.1
91
102% 102%
1961
Stamped
Plain
88%
deposit
Kentucky Central gold 4s
Kentucky & lad'Term 4'As
.
A-O
J-J
*105%
-1997
A-O
A-O
*103
118%
63
118%
79
__
101
106%
104
*182%
1964
—1959
76%
—
109%
102
102
173%
183%
103%
102%
105 %
6%
4%
70%
27
19
7 7; 7 8
96%
109'A
45
106% 106%
97%
103% 103%
,.77Z :;v ': 777'
1936
Kansas City Terminal
106
/-7
Kansas City Fort Scott is Mem Ry—
19
71%
96%
/
K
109%
4
104
102
;
—
100
54%
106%
14
108% 108%
—
M-N
100%
Kansas City Southern Ry
108%
35'A
...
104% 104%
J-J
104%
21
54%
55
89%
86%
J-J
5%
107%
*33'/a
107%
85
F-A
5%
•
106%
54
106%
79%
1955
76%
11
~9
~3
44%
/
J-J
78%
23
107% 107'%
97%
"
,
106% 106%
85
A-O
1958
105
62%
108%
75
—
92
106%
44%
J-J
July 1952
B_
105%
7
-1952
series
73%
*105
—
M-S.
109
108 Vi 108%
'107
107%
4 •/•
7—
95%
88%
*87
__
A-O
A lst
ACertificates
108%
j-j
j-j
:
103%
105%
66%
J-D
J-D
M-N
M-S
A-O
7,7;
89
—
104%
Jones
103%
105
J-J
J-J
A-O
M-S
J-D
V99
92%
93
J-D
J-D
•
-
Kanawha & Mich 1st gtd gold 4n—1990
1936 '
1936
82%
105% 105%
J-D
1963
ser
__
103
105
•
M-N
A-O
1Z7
96
108%
103
M-N
•
'
95
*__
gold 4s
1950
tAInd & Louisville 1st gtd 4s
1956
-Indianapolis Union Ry 3'As ser B-1986 "
85%
106
*106% 106%
'103%
.
103
95%
83%
95
95
-—
1963
4s
Debentures 5s—
__
100'/3
4 /;
F-A
Ind HI Si Iowa
68
100% 100%
j-j
j-j)
105%
99
*96%
»
A-O
1955
100
3
9
J-J
1st ref mtge
51%
62
J-D
77
74
—
95
Springfield Divilst gold 3%s—1951
99%
107%
221
—
101% 102
102
F-A
99%
103
97%
94%
94
J-J
*97
{International Great Northern RR—
83
*62
7;
84%
84
8
89%
88%
J-J
50%
42%
*80
*62
-
41
46
100% 100%
1951
61%
50%
♦41%
1940
88%
97%
105
*105%
J-J
75
89%
95%
95
104
.J-D
Inland Steel lst mtge 3s series F—1961
*44
J-D
77
60 7
30
108%
8
101
74
--
101% 101%
J-J
Registered -IiiA
HI Cent and Chic St L & N O—:
Joint lst ref 5s series A
106%
50%
-M-N
;
11
103%
101
1
96
1951
lst & ref 4'As series C
104% 104%
■
105
103
—/
74%
Western Lines lst gold 4s
105 »/a
104'A 105%
8t. Louis Div St Term gold 3s
Gold 3%s
103'A
102% 1021/2
A-O
,• •
J-J
M-N
1955
-
—
102 %
105%
103
:
/■• '
101
96%
1952
1953
-
-
40-year 4%s
1968
Cairo Bridge gold 4s
1950
Litchfield Div lst gold 3s_—
1951
Louisville Div & .Term gold 3%s_l953
Omaha Div lst gold 3s
1951
126%
107
J-J
A-O
1970
13C5
101%
Collateral trust gold 4s_
109% 110%
'
102%
7
■
—
95
95
Refunding 5s
M-S
F-A
11
102% 103%
.
3%s
102'%
M-N
86%
J-J
1951
'
J-J
1955
/•'lst gold 3'As—
Extended 1st gold
40
74
74
1981
1951
7
76%
75
M-N
58%
& Tunnel
Koppers Co lst mtge 3 s
jAKreuger & Toll 5s ctfs
Lake Sh & Mich Sou
gold 3%s
3'As registered-;
& Ga Div lst 5s
1958
*119%
151
158%
(NY)
lst cons gold 5s
1998
*157
116%
H93/4
M-S
1956
General 5s series C
99%
91
•
2
2;/
jA 87
107% 107%
J-J
99%
11
97
88%
88
106%
95
Vft
Ed El HI
j-D
deposit
Great Northern Ry Co—
General 5 Vis series B
28
13%
102
■
*99%
.
57
series B
F
101%
106%
104
16
105%
105
125
Certificates of deposit
Goodrich (B F) Co. lst mtgfe 2%s_1965
Grays Point Term lst gtd 5s
1947
74%
76
*106% 107%
V
103
mtge 3%s series
102%
106%
*125% 132
.1974
—
Certificates of deposit
{§AGa Caro & Nor lst ext 6s
105
80%
65'A
72%
66%
l>/73%
>
67
4%s__—,19bi
Dow Chemical deb 2%s
1950
Dul Miss & Iron Range Ry 3%s—1962
I§ADuI Sou Shore & Atl gold 5s—1937
Duquesne Light 1st M 3%s
190*
Detroit Term
Gen
90%
102% 105%
d84
104
;
66 Si'v
Edison 4s series
it ret
105%
99
Corp—
65
,1978
1965
G—1968
Gen & ref 3s series H
1970
Detroit it Mackinac 1st lien gold 4s 1995
ASecond gold 4s
1995
ARe? & impt 5s
Detroit
of
105
J-J
1959
Gas & Elec of Berg Co cons 5s
General Realty & Utilities
A 4s
*,_
A Assented
122
99%
26%
J-J
1955
99%
99
*106
—
Francisco Sugar coll trust 6s
Grande Western RR—
AGeneral s f 5s
1
99%
119%
533
{Denver
{Denver & Rio
102%
99%
14
117%
97'%
J-J
1973
1993
1973
& ref 5s series A
ACertificates
80%
,J-J
extended___1963
due
&
A lst
117%
—
74%
87
.
__
99% 100%
M-N
111
—
77'%
J-J
Lack & West
Income
Delaware
88
102
161
101% 102% t
*104%
M-S
114%
97
M-S
RR Co—
Y, Lack & Western div
Delaware,
1971
3Vis
mtge
Certificates of deposit
{Florida East Coast lst 4Vis,,
108
105
48
97%
lst
A-O
•
Firestone Tire & Rub 3s deb,,
1961
{AFlorida Cent & Peninsular 5s—1943
29%
16%
D
Deere
115
103%
97 y8
15%
97
J-D
ADeposit
Dayton P & L 1st mtge 3s
116%
106%
100
104%
72
—
99
97
97%
J-D
«-
receipts
A 6s series B extended to
ADeposit receipts
Curtis Publishing Co 3s deb
101%
110
5
97%
*96
J-D
1952
extended to
A7Vis series A
97%
84
10
*107% 108%
M-N
receipts
Deposit
20
6
1965
1970 ..
1968 •
1969
1955
1942 -
gold
RR 1st 5s
..J-J
23
J-D
—1955 '
1958
Vis
3Vis
1st mtge 3 Vis
1st mtge 3Vis—
Crucible Steel 3 Vis s f debs
A
2000
1954
1st mtge
A Cuba
mtge 3%s ser G
103% 103%
1958
.1977
•
—1951
1961 v
1st mtge 3
lACuba Northern Ry
A Deposit
receipts
cons
22%
A-O
Power Co—
Consumers
lst
72
M-S
1948
1950
1981
1972
1973
1977
Conn River Power s f 3%s A
Consolidated Edison of New York—
3 Vis debentures
;
1948
3Vis debentures
:
1956
3'/is debentures,
1958
Consolidated Oil conv deb 3Vis
1951
noo-conv
83
—
1980 :
1952
5s
I
1961 .
H V 1st extl gold 4s—1948
Sou Ohio El 3y»s
1970
Tol 1st extl 4s
1953
{A Con sol Ry
65%
24
J-J
Ry.—
Commonwealth Edison Co—
Conv
debs 3Vis
1st mtge 3s series L
Conn Ry & L 1st & ref 4Vis
15
91
F-A
1927
(stamped modified)
Columbia Gas & Elec deb 5s
Debenture
78
{AGeorgia
—1993
1993
1977
1991
1990
1970
Line 1st gtd 4Vis
Cleve Union Terra gtd 5Vis
1st s f 5s series B gtd
1st s f 4Vis series C
4Vis
J-J
96%
J-J
-
Cleve Short
Colorado & Southern
1964
,,1990
J-J
•
3 Vis gtd
3 Vis gtd
C
Series
E
ser F
A-O
1969
1974
mtge
1st mtge
Cleveland Elec Ilium
ser
mtge 3'/aS
132
F-A
1952
.
102%
mtge 3%s
cons
22%
J-J
1960
1967 :
Elec 3 Vis
/ J-J
2015
cons
91
J-J
——1957
Union Terminal—
gtd 3%s series E
2%s ser G
Cleve Cin Chic & St Louis Ry—
General gold 4s
General 5s series B
—
Ref & impt 4Vis series E
Cin Wab & M Div 1st 4s
mtge inc 4%s series A
lst
1st
96'%
J-J
1943 -
5s
107
VVVV"ri-
140 %:
22%
J-J
Cincinnati
1st
Gen
99%
98%
v.
•
,
103%
106%
115%
101
High
102%
105%
2
115%
*—
—
J-J
100
91
J-J
,
1962
Gulf cons 5s
{AChoetaw Ok &
Cincinnati Gas &
1st mtge 3 Vis
Erie Railroad Co-*-.
76%
1962
/.
January 1
Low
'
—■
*112
A-O
Range Since
Sold
No.
High
V *106
—
A-O:
1965
Bonds
Friday's
102% 102%
—
iW-S
_1965
__
90%
■
98 'A 101%
J-J
1963 ;<
.1963
—1952 *
Chic & West
2
96'%
—-—
Chicago Union Station—
1st mtge 3ycs series F
{§ AChilds Co deb
§ A Debenture 5s
stamped
J-D
"Z
22
101%
J-J
1988
ACertificates of
5s
1950
96%
76%
76%
deposit
of
1
.60
—
J-J
—1934
1952
1
1960
Chicago St L & Hew Orleans 5s
1951
Gold
3Vis
1951
Memphis Div 1st gold 4s
—1951
Chic T H & Southeastern 1st 5s—1960
Income guaranteed 5s
Dec 11960
1st &
98'%
95%
J-J
7-'7' IA Refunding gold 4s
{ASecured 4Vis series A
AConv gold 4Vis
1st
98%
*140%
141/
68'%
M-N
Island & Pacific Ry—
ACertificates
106%
J-J
1999
1989
mtge
JjAChicago Railways
25% part paid
115%
104%
66%
J-J
Chicago &
2nd
112%
19
67%
or
Bid & Asked
"
_Jan 1 2000
adjustment 5s
16
J-J
1975
AMtge gold 5s
AConv
114%
114
.1.
Sale Price
Low
Ohio Div
Paul & Pac RR—
series A—
1
{Chic Milw St
El Paso .& S W 1st 5s—A.
111%
M-N
May 1 1989
May 11989
series E
series F
4'/2S
AGen
Elgin Joliet-& East .Ry 3'As—,—1970
20
M-N
Ry—
1947
ARefunding gold 5s series B—1S47
ARefunding 4s series C
1947
a 1st & gen 5s series A
1966
A 1st & gen 6s series B
May 1968
Chicago Ind & Sou 50-year 4s
1956
{Chicago Milwaukee & St Paul—
AGen 4s series A
May 1 1989
AGen gold 3'As series B__May 1 1989
AGen 4.'As series C
May 11989
AGen
114%
104%
J-J
2038
{Chicago Ind is Louisville
ARefunding 6s ser A
115%
Last
Period
High
104% 104%
>;
F-A
Week's Range
Interest
Low
114% 114%
F- A
1988
A
4'/as
inc mtge
j-j
1997
1985
198a
u
A Gen
Friday
Exchange
Empire Gas & Fuel 3%S—i
3%s ser B
1st mtge
No.
High
New York Stock
I
Range Since
January 1
Sold
Elec Auto-Lite 2y<s debs
RR—
1958
1977
1974
Chicago & Eastern III RR—
A Gen
rntge inc (conv)
Chicago
Bid & Asked
Low
Chicago Burlington & Quincy
AUGUST 10
1997
1997
Lautaro Nitrate Co Ltd—
A 1st
mtge Income reg_!_——1975
M-S
*6%
*109%
—
*108% 109
8
105%
110%
102%
108
'
Jter
.Volume 162
V\lr k.4!
H**i*
aph
,
'WwYT
** taf
,
■V*'
'v <*• J >iA
VW
M
-
V <k t i
'
J'SYl™'1
'»/ *V»'
THE COMMERCIAL' & FINANCIAL CHRONICLE
Number 4411
695
NEW YORK BOND RECORD
RANGE
Friday
BONDS
Stock
Exchange
Last
Sale Price
or
Wlah
Low
5s
Leh
98
93
—--—1974
F-A
*91
stamped
:
J
__^____.____1974
Term gtd 5s_._—1954
:
.
95%
88 %
90
87 Va
95
100%
8oy8
82
87%
87
87%
54
55
1
96%
52 y.
5
47
63%
88
85%
36
60
A-0
83%
85%
79
119 >/4 119
A-0
*115Vi
m-n
8
106%
106%
108
4
106%
107%
-'" 3
118%
F-A
'
.
.
Y„.V.
M-S
104% 104%
15
103 y2
17
103
105%
*105% 105%
2003
A-0
A-0
96%
97
17
-
97
96%
102%
,
75
77
57%
49
57
J-J
64
64
65
16
56
y8
74%
6s
1948
J-J
70%
69%
72%
109
63%
82 Vi
1940
A-0
86%
86 Vat
86 %
66
84 y8
M-N
35%
35
37
104
25
93%
45%
J-D
69
68
70
133
61
...
4s
.....1957
1967
:
J
4s
■
1954
■
65%
,65
Af-N
1992
M-S
1955
J-D
4s
77
81%
} A 2d
gold
4%s_^.
A-0
1937
A Terminal
1st gold 5s
102 y4
116%
/
1st
mtge 41/28 series
30%
34
4%
101
171%
101%
20
86
105% 105%
69
7
74%
105%
89
103
2
105%
107%
69%
%
'
F-A
34%
M-S
46
32
Af-N
10
72
46
32
521/8/80
8
■
26
1
:
97
97
*106% 107%
32
34%
A-O
Norfolk Southern Ry Co~-
17%
149
106% 106%
F-A
....1943
104
13 y4
.
83%
86
105%
J-J
-
1937
24
12
101%
J-J
—1940
....
gold 5s
108%
22 Vi
12
M-N
-
1963
107%
101 »/4 101%
23%
M-S 1
.1965
...
1
108 V* 108 »A
J-J
97
10111
56%
22
Niag Lock & Ont Pow 1st ,5s A—1953
111%
U4ya
43
67
t§AN Y West & Bost 1st 4%S—..1946
Niagara Falls Power 31/2S—i.—.1968/
107
100
^1,
74%
65
67%
'
J-J
■
*101 372 101%
F-A
107%
34
108% 108%
108%
'
.
78%
56
80
N Y Telephone 3y4s series B—..1967
.
2%s ser G-Y—.—2003
faducah & Mem Div 4S——1948
ref M 3%s series P
ref M
107
58 y8
65
S A General
105%
>:';>.;
100
91%
;
115
84%
65
*§AN Y Susq &.:W 1st ref 5s.i
105%
104% 105
'..
J-J
116
110%
"
Y 97
64
J-J
1958
Light 1st mtge 2%s_1975
N Y & Putnam 1st cons gtd 4s..
1993
v.
104%
A-0
-
115
■;:
—
99
certificates 3%s—1956
deb
AGeneral
120
118% 118%
116
Af-N
—.1953
$AN Y Ont & West ref gold 4s
107%
16
106% 107
-/>■_
97
A-O
N Y Queens El Lt & PoWv3yas
107'/a 107%
VV
108%
Af-S
.......
.N Y Steam Corp .1st 31/28..
106% 106y8
107
•
M-S
.1947
N Y Power &
121
116
4s
1st
93%
119V4
: *—
97
January 1
Low
High
116%
'
jAHarlem River & Port Chester—
132%
IO91/4
V4
-i
*116
*115%
'.'99
,
Range Since
Sold
No,
High
Af-s
.
—1954
Alst & ref 41/2S series of 1927
66%
76%
127%
*132%
A-0
Af-S
55%
4s—
deb
ADebenture
71%
52%
61%
deb
—1947
8 A Collateral trust 6s
"
Af-N
31/2S..,
AConv
64%
50
59%
3%s.—
deb
.ADebenture
69%
45%
54
deb
ANon-conv
91
241
54
56
■
58
4s...,—.,
ANon-conv
'
Af-N*
Af-N
ANon-conv
47
405
57
J-J
Af-N
ANon-conv
74
.26
•
.
•.
1973
deb
A Non-con v
v
80%
23
81
Af-N
'
93
*91%
,
M-S
1st &
89%
>2
Bonds
Bid ft Asked
IN Y New Haven & Hartford RR—
93
"
J-J
stamped-..-.-——.———1949
Lorillard (P) Co deb 5s.———1951
3s debentures
—1963
Louisiana & Ark 1st 5s series A—.1969
Louisville Gas ft EJeo 3 Vis———I960
1st &
92
•.
.
,
J-J
_2043.
2043
......_1973
4%s series B
-
98
2
F-A
4»
Louisville & Nashville RR—
—
3
.
94% •94%
stamped—
Val Harbor
Mtge 4s series A...:
.
M-N
2000
Mtge 48 series B
N Y Lack & West 4s series A_.
,
100
■' :
V.
>
—
.
N Y & Harlem gold 3%s...
'
Long Island unified 4s_.—.—>——1949
Guaranteed rtf gold 4s———1949
•
:
■.
.
106
99%
;
93
Lehigh Valley Terminal Ry ext 5s_195i
Lex & Eastern 1st 50-yr 5s gtd—1965
Liggett St Myers Tobacco 5s——.1951
Little Miami gen 4s series A——1962
•
7
,
Sale Price
Low
106 V4
104
6
-
-
99
F-A
Lehigh Valley N Y Atoe ext.——1950
Lehigh Valley RR—
4s stamped modified
...——2003
4s registered—
—.2003
4Vas stamped modified..
2003
4V23 registered——
—2003
5s stamped modified—j.——.—2003.
-
*85
—1954'
1964
—...1964
& ref sink fund 5s—
5s
:
Y, Y: —'
...
1st & ref sink fund 5s
•
106 Vi
106
Last
Period
High
Low
104%
Jio
*99% loo
..
F-A
stamped—
5s
1
106
A-0
MS
ref sink fund 5s——.—.-195*
1st &
1st
106
106
J-J
Lehigh Coal & Nav s f 4y2s A-.1954
Lehigh & New Eng RR 4s A_..
-.1965
Lehigh & N Y 1st gtd gold 48_.--.1945
Lenign Valley Coal Co—
Sold
Interest
New York Stock Exchange
Range Since
January 1
Bonds
Friday's
Bid & Asked
Week's Rang*
or Friday's
Friday
BONDS
Week's Range
Interest
Period
New York
10
FOR WEEK ENDING AUGUST
48
11%
35
93%
98
106
121
110
25 Va
107
107
*107% 108
"5
107 V* 107%
108%
■"
A—.
,
"■'//Y-' >;
1960
J-D
1st
mtge &
Micuigan CentralJack Lans & Sag
13
681/2
821/4
4
100%
M-N
32
801/4
*134% 136%
133%
136%
Af-S
*138
136
136
124
Q-J
108%
123
119%
106%
115
90y4
75
92Vi
^0
90
*91
M-S
61
A-0
101%
90
101
101
—
.
3s
4-0
F-A
25 Vi
3M»s———-1951
3Vis
1952
4 Vis series C———1979
Michigan Cons Gas 1st mtge 3Vis.l969
f § AMidland of N J 1st ext 5s——1940
t§ AMilw & Northern 1st ext 4yaa-.1939
ASConsol ext-4Vis—————1939
99 y8
1021/8
*100%
109
4-0
86
86
J-D
109
109
5
64
44
"*127%
114%
45'..'
l'/'
114% 116%
114% 114%
82%
82%
-v
85
82
87
;
98%
107%
..2047
J-J
108%
108% 109%
289
99%
110%
2047
J-J
105%
105% 107%
22
,93%
110%
2047
J-J
105%
105% 107%
102
931/4
110%
F-A
104%
104% 104%
6
104%
107
102
104 Ya
107%
110
F-A
Af-S
103
103 y4
10
107% 107%
„
107%
2
24%
38
O
105
111ya
tOgdensburg & Lake Champlain Ry—
Alst guaranteed 4s____
1948
Ohio Edison 1st mtge 3s.—
1974
1st mtge. 2%s
:
1975
120
A-O
100 y4
100 J/4 100%
100
100
100%
103%
J-J
103 5/a 103 y8
7
103%
105 %.■
J-J
103 y4103 y4
-5
103 V*
105%
A-0
38
104%
106%
101
102%
.11'
106
108%
69 y4
71%
220
691/4
81
1990
J-D
85%
85J/4
87%
95
771/4
93%
Oregon-Washington RR 3s ser A—1960
1962
J-J
87%
87
88
64
82
J-J
74
75
49
70'/a
88
/ 2
74%
A———..1968
1975
—
79
J-J' ■>,:
/
96
'
A-0
82
89%
641/2 112
91
53
721/a
89 Vb
F-A
M-S
:
*'
:
47
■
A
79 Vi
100
■
96
47
50%
423
.33
Pacific
91%
579
73
951/4
M-N
88%
88%
72.1/2
951/4
AConv
gold 5Vis.—————1949
gold 5s series H—1980
A 1st St ref 5s series I————1981
M-N
36 y4
36%
39%
556
14%
89 y4
88%
91
:218
72%
95 V*
89%
88%
91
361
72%
951/4
Moh'k St Malone 1st gtd gold 4s. -1991
Monongahela Ry 3 Vis series B— -1968
Monongahela W Penn Pub Serv—
,
F-A
'
.
F-A
87 "
87
M-S
81
,
87
'
UOVa
J-D
105%
'■
:
>
-105% 106
105Vi
™'
•
68 Vi
J-D
77
M-N
■
t
72 V4
M-N
105%
J-D
;_-»-1973
lOlVi
101'/a
68 Vi
70 7/8
77
80
72V*
73%
39:
;
86%
64%
79%
105%
;:!i 5.
1st
St
ref
3%s
Penna Power &
109%
108 J/4
4%s
1077/a
110
J-D
J-J
|ANew England RR
32
106 »/4 106%
28
104 Vi 105y2
9
of
Af-N
10
113%
125
52
123%
ACertificates
N
J-J
*107J/4 1077/8~
J-J
107
81
92
of
106% 107
debentures
.....
.1974
F-A
Af-N
;
5s series C.
104»/» 108
104% 107%
81
3
70
86
77
mtge 3%s series
40
80
ser E
121% 122%
123
81
'
97%
80
93
95
94
90% '>
41
81
94%
97%
39
»/
Y,;
& ref
99
"■
"
A-0
87
86%
89%
370
78%
94y„
152
87
991/2
———..1980
3s
93
104
'109
F-A
92%
F-A
*89
F-A
88%
■
105
30
104
93
91
'J*
■■
*68
J-J
105% 105'%
.
■
-
,
N
*
N Y Edison
3Vis series D_—
1st lien & ref 3V4B series E
N Y Gas El Lt H & Pow gold 5s
Purchase money gold 4s_—
For footnotes
see
page
1951
F-A
1965
A-0
1960
J-D
103'/a
^
—
1
.1949
F-A
in*'
109
103%
1061/4
102%
106 Ya'.'
1
107%
IO91/4
78%
91%
■
70
,
84%
85
*83
87
9
84%
■491/4
'106%
F-A
98
98
1061/4 107%
98%
40
98
100%'
104%
>104% 104%
103%
106%;
F-A
*137
131 y»
138
J-J
*131% 132
106
106%
128%
131%:
J-J
J-D
*102J/2 103
1967
M-N
M-N
102%
102% 103
102
102
105 V*
25
3
108%
102% 104y4
101% 1041/4
1011% 104 y«
203 %
Af-N
*106%
*106% 107
106
1937
J-J
290
104%
M-S
25
24%
*iq
-
25
12
*m
—.
i^A
.
Y;
•'
106
t
30
94
Gen mtge 5s series A..—.....
1970
Gen mtge 5s series B._
.1975
Gen. mtge
__1975
A-O
Pittsb Coke & Chem 1st mtge 3V2S-1964
Pitts Steel 1st mtge .4Vis—
.1950
M-N
105% 106%
101
102
100%; 1047/a
14
1037/8.107%
109
1001/4
v
109
106 i/a
2
126
J-D
91
8
109
■•114...
95
cons
109
1111/4
113%
109
110%
1
4%s—1964
guaranteed
3%s
ser
1st mtge 4 Vis series'
J-D
1st
gen
5s series C
4St 4 %s series D
—
1974
1977
7
(109
101% (104 %
*104% 106
95%
95
Jl06y4
103% (106%
95
•.
4
84y2
99%
95
97
13
84%
99%
95
96%
22
84%
99%
106
F-A
-
128% .134
129% (136
105
104
104% 105
A-O
J-D
5
10
108 y4 108%
*103%
J-D
A-O
tl26%
124% (127
!
132% 133 y8
105
(114
123
126
131% 131%
108%
J-D
1958-
1st mtge 4yas series B._
1959
1st mtge 4%s series C.
1—1960
Pitts Young ft Ash 1st 4s ser A.
1948
1st gen 5s series B—
—.1962
114
*127
A-0
B__——L—.1950
1st 41/2S series A.
126
15% f 27
;
101% 103%
113% 113%'
113% (114%
*116%
F-A
811/4
24
"l
M-N
.
F-A
107 Vi
111% 111%
*113
1
106
106
I
*127
J-D
106
*125
J-D
*117
696.
Bl
I
107
15%
101% 102
IO61/2 107
F-A
M-N
J
10
*101
Af-H.
Series
101%
-.1037/8 104%
102% 102%
J-D
Series I cons 4 %s.—_1963
105
107
*106'A 107
4-0
1948
36
53
107 y2 107 Vz
97
97%
87
104Vi 104%
107 Vi
;
126%'
105% 105%
82%
'
13
88%
,100%; 107%
101
J-D
118%
104% 105%
A-O
Pittsburgh Cine Chi ft St Louis—
Series D 4s guaranteed
1943
3eries E 31/2S gtd gold_..____.._1949
Seriis F 4s guaranteed gold
1953
Series G 4s guaranteed
......1957
Series H cons guaranteed 4s..—1960
'
A-0
1181/2 1261/4:
105%
83
'
11
89
F-A
1965
134
3
10
1963
debentures.-
Pitts ft W Ya
Connecting RR 3Vis A...
Y Dock 1st gold 4s
—
tSAPhilippine Ry 1st s f 4s
ACertificates of deposit
94%
J-J
1281%
124%
126%
105
1974
M 2%s
ist: and- ref 2%s_.-_..—
'
.
94%
93%
118 %
A-O
M-S
Philadelphia & Reading Coal— r
AGen mtge 6s income;
Apr 1964
1962
Philip Morris Ltd deb 3s
99
104
124 y4
4
J-J
4s.._—_—...
AIncome
124
1
6
17
83% 101 Vi
;.2013
N Y
1952
—y._„.
3y$s ser F—...—... 1985
V'' .General 5s
96
80
95
92ya
3y4s_.
deb
Gen mtge
98%
10
93%
82%
.—1975
D.
A-O
Conv
77
'.V
'.
83
—
130%
J-J
J-D
201
gold 3Vis.—;
—1998
registered
....1998
New York Chicago ft St Louis—
3Vis
108
1981
series E—
Phelps Dodge conv 3%s fleb——. 1952.
Phila Bait & Wash 1st gold 4s—
1974
series
General gold 41/28 series C—.. 1977
1961
Philadelphia Co coll tr 4y4s
1971
PhUa Electric 1st & ref 2 %s
100%
,1061/2
93%
Mich Cent coll
108
126
90
3 Vis registered——,—.——1997
3V4s
95 Vi
*_.
A-0
125% 125%:
119% 121%
130
M-S
90 V4
J-J
120
Af-N
Marquette Ry 3%s ser D—.. 1980
F-A
1997
107% 108%
107% 108%
J-D
Phillips Petroleum 2%s debs—... 1964
-—2013
106 % 107%
26
F-A
Pere
.1998
;
2
107% 108%
1968
.....
106ya 108ya
106% 106%
J-D
1151/4
90
P-4
Lake Shore coll gold 3Vis——.1998
3Vis registered.————1998
Ref mtge
92
92%
deposit—
4Vis series A..
41/2s series A
7
108
1965
Peoples Gas L St C ref 5s——..... 1947
Peoria & Eastern 4s ext*—....... 1960
deposit..—
Y Cent & Hud River 3yas
Ref
/-
*__
4-0
107%
106% 106%
F-A
102 Y*
108%
104
107
#■
F-A
Y Central RR 4s series A.
Ref St impt
Ref & inipt
N
of
105 ya
J-J
Apr
100
*1051/4 i06Vi
deposit—
5Vis series A——...—.
108%
Apr 1990
Peoria & Pekin Union Ry 5y2S.—.. 1974
107%
—
107 Vi
J-J
"a-o
106 y4
1081/4
109% 111
1984
1st
of deposit—i—..
Alst 4Vis series D
Certificates
95
114%
*1001/8
A Certificates
A
104%
114
*78%
Alst' 5s -.series.. C—i—
Alst
112%
96
125
114
4-0
Alst 5s series B.——;
A Certificates
107
9
99 Vi 100
F-A
JNew Orleans Texas & Mexico Ry
jANon-cum inc 5s series A—
a Certificates
of deposit—
105%
*108
Gen mtge 4 y4s
■
1081/4
17
101%
M-S
& imp 4Vis—
1952
gtd 4s—.—1953
*110
.1969
D——1968
ser
Light 3%s....^.
General 5s series B——,—
1061/4
105
101
J-J
gtd 1st 4s..—_—1988
New Orleans Term 1st
1061/4
*107
J-D
J-D
104%
104
"
Jersey P. & L 1st mtge 38—1974
New Orleans Great Nor 5s A
..1983
New
96%
111
Af-N
gtd 5s——1945
A Consol gtd 4s.——
——1945
New England Tel St Tel 5s A—1952
1st gtd 4Vis series B_————1961
106%
105 Vi
A-O
1st gold 4s—
.1954
Newark Consol Gas cons 5s———1948
101 vi ioi%
114
*106
General 4y4s series D_.
ioi y2
105%
112
J-J
>
Y
F-A
Dairy Prod 3Vis debs——I960
Steel 1st mtge 3s——1965
107
103%
Af-N
—...
N
t ANcgatuck RR
110%
107
*--110
*103% 105
J-D
...
National
106%
109
107%
J-J
jPennsylvania RR—
;
1948
Consol gold - 4s
v
4s sterl stpd dollar.^
May 1 1948'
1960
Cons sinking fund 4y2S__._
General
Nash Chatt Si St L 4s series A—.1978
106
105%
108
Af-S
.•
77
-691/4
42
105% 105%
26
*100
103
62%
105
106'/»
*105% 106
M-N
Gtd 4s series E trust ctfs———1952
Pennsylvania Glass Sand 31/28.
1960
.Pennsylvania Ohio 81 Detroit RR—
1st St ref 4 Vis; series 3———.1981
106%
96
107 y4
104% 108
A-O
Paterson St Passalo G St E cons Ss.1949
108%
104%
107%
105
15
106
J-D
105%
**2
106 Vo
Pennsylvania Co—
113%
20
;
105%
*..107
106% 106%
106
106
J-D
—.1966
f gold 4%a——1955
mtge 3 y4s; series
Paducah & 111 1st s
91%
110 i/a
101
M-N
J-D
*
6
»101Vi 102Vi
M-N
1st & ref M 3s series M
Ref
>
■
J-D
Pacific Tel St TeL 3Vta series B—1966
107
:'/4'
110 Vi HOVi
*100
J-J
791/2
>
105% 106%
105%
A-0
A-0
102% 102%
106% 106%
J-D
■V
106
J-D
1974
1st & ref M 3s series L...
/
105
J-D
Panhandle East F L 3s B— ^——.19601
*106%
'v •':v.
4Vis————196tf
.
v
105%
:
Co—
1st & ref mtge 3s series J.—1970
1971
V
'
debentures.;—1965
Montana Power 1st & ref 3%s—1966
Montreal Tramways 5s ext——1951
Morrell (John) & Co 3s debs..——1958
Morris & Essex 1st gtd 3 Vis.——2000
Constr M 5s series A———1955
Constr M 4Vi« series B———-1955
Mountain States T St T 3 Vis
1968
Mutual Fuel Gas 1st gtd 5s
1947
6s
91
Electric
&
1st St let M 3s series K_.
431/4
A-0
89
Gas
1st & ref mtge 3%s series 1^.—1966
59%
89
'■•
Pacific Coast Co. 1st gold 5s—1946
/
95
M-S
N -O ft N E 1st ref
100
98
74
106
Alst & ret
.
101
102 %
69%
95
ref 5s series F——1977
1st St ref 5s series G———1978
N J Junction RR
100
5
100
J-J
A 1st ft
Nat
20%
30%
103% 106 i/a
14
30
IMissouri Pacific RR Co—
1st mtge
1
13
102 VB 102%
98V4
1962
'
105
J-D
97%
.....1978
A
105
F-A
98
..Jan 196'
4s
23 y2
23%
M-S
1975
J-J
Missouri-Kansas-Texas RR—
Prior lien 5s series A—.
ref 5s series
J-J
Oregon RR & Nav con gold 4s.
1946
Ore Short Line 1st cons gold 5S...1946
Guaranteed stpd cons 5s^...^_..1946
—
General
89%
109
1991
A 1st St
'
89%
721/2
71
87
...—1971
A
73
116
Oklahoma Gas & Electric 2%s_.
971%
1021/2
;
104% 107%
(Minn) 1st & ref mtge 3%S—..1967
1st mtge 2%s—'
:
—1974
(Wise) 1st mtge 3 % a——1964
,
91%
1047/8 116 i/a
25.
47
104%
Ref & impt 5s series D
States Power Co—
75
5
99%
99 Vi
J-D
.
10
89%
:
J-J
107%
3
11
109%
99
61
102
105%
—
104% 104 Vi
M-S
Q-J
Q-F
Q-A
98%
Northern
251/2
102
:
—
*107%
104 Vi
J-J
161/4
25'/a
25 Vi
:
Af-N
gold
106Vi
101 Vi 101 Vi
101 Vi
Af-S
regi stered.....—
Ref St impt 6s series B.
Ref & impt 5s series C.
,
105%
102%
105
4-0
Ref & impt,
104
105 Vi
*105% 106%
__
M-N
^..1998
.....2047
Ref St impt 4%s series A—2047
M-N
MS
1st
78
101
74y8
J-D
coll 4s ser B—
1954
Manati Sugar 4s sink fund_.Feb 11957
A Manila Elec RR & Lt s f 5s—.—1953
A Manila RR (Southern Lines) 4s
1959
McCrory Stores deb 3V4
—.— 1955
Metropolitan Edison 1st mtge 2%s.l974
Metrop Wat Sew & Drain 5Vis——1950
tSAMet West Side El (Chic) 4s—1938
Central RR 4Vis ser A
Maine
99
A-0
Northern Pacific Ry prior lien 4s__1997
4s registered—
_____1997
Gen lien ry & Id gold 3s.:
Jan 2047
M
J-J
Central gen & ref 5s_—.1974
Gen & ref 4iis series Ai
..1974
.
*116ya
M-N
AGen mtge 5s conv inc
.2014
Norfolk & Western Ry 1st gold 4s.l996
North
Atl Knox ft Cine Div 4s
102% 102y4
M-S
—1980
1955
2d gold 3s—
St Louis Div
:
44
109%
__
THE COMMERCIAL & FINANCIAL CHRONICLE
696
Monday, August 13,1945
NEW YORK BOND RECORD
RANGE FOR WEEK ENDING AUGUST 10
BONDS
Interest
Last
Period
New York Stock Exchange
Sale Price
or
1964
Potomac El Pwr 1st M 3V4S—-—1966
1st mortgage 3148——
—1977
Pressed Steel Car deb 5s———-.1951
t A Providence Securities 4s
.-1957
% A Providence Terminal 4s
-1956
inc deb
1st
& ref
1st
St
ref mtge 5s
1st
St
.1968
1972
—2037
2037
314s
Public Service El & Gas
mtge 3s
ref mtge 8s—
—
.
Low
4'
■
•
101
5
25
1st
108%
1
.33
33%
M-N
33%
*100%"
,V/. M-S
J-J
M-N
J-J
J-D
110%
64%
104%
14
103%
105%
1961
J-t>
103% 1041/4
12
103
106%
101% 101%
13
101%
105%
106% 106%
2
105 y2
107%
105
106%
104%
106
2%s debenture
110%
107%
108 7/a
•
J-J
Terminal RR
100%
9
101% 102%
102%
Remington
1951
Rand deb 314s—-—-il956
Rensselaer
for 1945)
Brass 314s
mtge- (4.7%
Gen
Revere Copper &
due_1975
-i960
Gas & Elec Corp—
414s series D—-—1977
Rochester
■'
mtge
Gen
H_
—-1967
Gen mtge 314s series I
—.—1967
Gen mtge 314s series J_
1969
t§AR I Ark & Louis 1st 414s—
1934
J ARut-Canadian 4s stpd__—.
1949
IS A Rutland RR 414s stamped
1941
mtge 3%s series
Gen
5s——1996
gold 6s
————.——1998
let Louis Iron Mountain & SouthernRiver & Gulf Division
. :
§ Alst 4s stamped—
—-1933
2d
A
Certificates of deposit—
.—1955
stpd
Mt & P 5s
St L Rocky
IGt Louis San Francisco Ry
A Prior lien 4s ser A—
ACertificates of deposit-.—
1950
lien 5s series B
A Prior
103
103
104%
A-O
*125%
M-S
105% 106 %
2000
J-D
of New Orl 3%s—1974
J-D
68
;'
A
deposit stpd
tst Louis-Southwestern Ry—
1st 4s bond certificates
1989
A2d 4s inc bond ctfs
—Nov 1989
8 A 1st term & unifying 5s—
-1952
AGen & ref gold 5s series A
1990
St Paul & Duluth 1st cons gold 4s_1968
l§ASt P & K C Sh L gtd 414s
1941
St Paul Union Depot 314s B
.-1971
——1989
E 1st gtd 4s
Tenn RR
§ A4s
A
22
16
-16
24%
28
A-0
A-0
—
99%
1959
dep (N Y Trust)-
ACtfs. of
Alst
dep
7-j
(Chemical Bank)—
,—1945
debs—
& Nor Ala RR gtd 5s—
Bell Tel & Tel 3%S—
debentures
3s
43
M-N
(Chic) 5s
1945
93
J-j
Elev
Pacliic
F-A
>it,„
M-N
.—
■
?
109
109
1964
70
72
104%
106%
104% 104%
7
104
107
103% 104 %
11
103%
107
series A__.
—1980
J-D
107%
107% 107%
10
debs___.
—1955
A-O
3%s debs
—1959
M-S
40 %
62
Gold 414 s—
.
89 Va
86
50%
39%
53%
52%
67%
68%
72
53%
>
'•■■'•immA".
27
*94
105
24%
F-A
81
.
.
101%
103%
104'/a
118
123
101%
109
105
106
90
100
•
•
103% 104
r-.
J-J
-
..
•'5-
M-N
•
••
—
35
105%
105
*104% 105%
1st
mtge
Apr
97%
5
90%
22
100%
99%
1950
——1955
102'%
9
100
102%
102
Af-S
102
5
102
103 Va
F-A
ref gtd gold 3%s—2000
__
103%
105%
—'
101%
102
5
116%
117%
1
106 y8
107%
33
110%
49
107%
'105
108%
F-A
*101%
J-D
116% 116%
.-1967
J-D
106%
106% 106%
J-J
108
108
108%
A-O
106%
105% 106%
46
104%
102%
102% 102 %
12
101%
103
101%
,
104%
J-J
103 Va
J-J
*103%
'•
__
&
F-A
"—■'•■v.'
78
101% 101%
1
101%
103%
5
*:/■
105%
107%
130
103%
108%
107%
110%
*130
■
.'i
103ft
12
103ft 103%
*107% 107%
■■■■
80
126
105% 106
J-J
66
'
-
—
.
98
98%
98% 100
102% 104
?
Af-N
99%
A-O
—
99% 100%
105
a
92%
85%
101%
85
101%'
'
261
84
105
107
104%
106%.
123
Wisconsin Public Service 3y4s
132%
105% 106%
14
105
109
108
107'/a 107%
27
105 y4
108%
102 % 102 y4
85
87 %
2
101%
103%
80
83 Va
14
107%
102%
85
J-J
83
82
106
Af-S
84
80%
80%
2
28 %
30 V4
19
«
28%
Af-N
*108%
J-J
105%
105% 105%
Devel
St
5s
131 %
4s series A
gen
Devel
&
&
—1958
1956
1956
gen
Devel
gen
6s__
6%s—
Mem Div 1st gold 5s
St Louis Div 1st gold 4s
J-J
A-O
>;
131% 131%
116
not
~7
20
103% 104
115%
115
115%
7
111
118% 119%
26
117
122
124% 124%
2
116%
125
'Friday's bid and
106
109 %
A Bonds
95%
71
105%
117
the
'
1951
J-J
*109
108%
109
110%
__
—
-v.,.
e
Odd-lot sale not
rCash sale
range.
;
■
tThe price represented is the dollar quotation per 200Accrued interest payable at the exchange rate of $4.8484.
- ,
ICompanies reported as being in bankruptcy, receivership/or reorganized under Section 77 of
Bankruptcy Act, or securities assumed by such companies.
103%
'':
35%
106
§Negotiability impaired by maturity.
118%
'•
38%
pound unit, of bonds.
A-O
J-J
92%
19
—
a Deferred
delivery sale not included in the year's range,
d Ex-interest,
year's range,
n Under-the-rule sale not included in the year's
included in the year's range,
y Ex-coupon.
A-O
j990
95
79%
107%
*106
117%
79
74
30
*28
A-O
J-J
1968
—1971
105%
117%
—
81
82%
106%
104
*117%
J-J
110%
104%
19
105% 106
J-J
1941
90
87
109%
*103% 104 %
A-O
78ya
74%
*110
M-S
-I960
1
/
104
?.■2
-i
105
Wisconsin Elec Power 3%s
106%
106
J-J
8ASu & Du div & term 1st 4s—1930
ACertificates of deposit
105%
143
290
11
108 V» 108%
Af-S
1st mortgage 3s—1958
1st 4s
114
108 !/a
M-N
.
t A Wisconsin Central 1st 4s
ACertificates of deposit——
92%
107% 109
J-D
5s
Winston-Salem S B
131
100%
& Co
Wilson
106%
107% 107%
Af-N
5s_—
107%
4
137
107%
108 Va
J-J
—1951
1960
Westinghouse El & Mfg 2%s—.—1951
West Shore 1st 4s guaranteed
-2361
Registered
.i
.—2361
Wheeling & Lake Erie RR 4s
1949
Wheeling Steel 3y4 series C—
1970
gold
30-year
-
*71
F-A
1966
series I
ref
25-year
49
104% 104%
J-J
1st cons
73%
60
8
70%
70
*103%
—
95
101%
102
included in the
Southern Ry
109%
84 Va
14
90%
F-A
A-O
4s
3%s
Petroleum
97%
,88%
100% 101%
97%
Apr
A
series
Maryland 1st 4s—;——1952
5%s series A
—1977
.Western Pacific 4%s inc ser A—2014
Western Union Telegraph CoFunding at real estate 4ya»
-1950
100%
24
60
26
104%
98
1994
115
100%
47
101'/a 101%
Q-Af
1st
101
Af-S
103
gold
112%
A-O
Western
74%
78%
*94
•
Af-N
1955
109%
M-S
...
—1995
West Penn Power 3%s
74
Af-S
ref gtd 4$__
*114% '
*117
M-S
1958
5s_._
Gen mtge 3Vis
74%
27
Af-S
Pac RR 1st
104
r
F-A
—1957
—
Westchester Ltg
54%
89
68
1969
South
107%
98%
Washington Terminal 2%s ser A—1970
5s stpd gtd——1950
54
68%
1968
-1950
109%
104%
103%
*103
Washington Central Ry 1st 4s——1948
53%
67
1977
1981
*
—
B
series
Warren RR 1st
119%
67%
68
J-J
1st 4s
f 4s
1981
mtge inc 4%s series B——1991
mtge 3%s ser B—I
—1971
Warren
120
39%
39%
53%
v
;
1091%
86%
18
1st
114%
50%
'
M-S
.—1979
Fran Term
106%
*105% 106%
.-»V
M-N
series A. —1955
RR cons g 4s
s
VWalworth Co
133
87%
67%
A-O
San
Pictures
cons
Gen
1051%
50%
A-0
——
3%s
Biscuit
Wabash RR CoGen mtge 4s inc
,
114%
68
M-S
—1962
——
Geld 414s—
mtge 3%s
105 %
105
'
—1963
(Oregon Lines) A—
414s
Gold 414 s———
21
104%
105%
W
100 Va
104%
18
*50%
32
105
103%
dep
95%
72
10
5oya
20%
103
5
-
97 %
114%
1
109
■
116%
130%
50%
v
A-O
1st
50%
87%
7
109
107
50%
5
103% 103%
'
M-N
J-J
—1947
grant 4s_«.
3Vis
Virginia Electric & Power Co—
1st & ref mtge 2%s ser E_— —1975
Va Iron Coal & Coke 1st gold 5s —1949
—2003
Va & Southwest 1st gtd 5s
71%
108
_
109
"—1
RR—
Virginian Ry 3s ser B
--
107% 107%
A-O
113%
14
30%
30%
J-J
J-1971
Cons
51%
37%
36
108% 108%
A-0
66%
51
•
__
*131%
A-O
:
Ref
68
51
'
57%
55%
*105%
debs.,-.
99
37%
83
•
110
110% 110%
110%
A-O
1967
—1970
land
&
34-year
United
48
25
'
103
106%
35-year 3 Vis deb™
95
48%
10
83
A-0
Ry
Calif 3s
Oil of
96%
92 %
25
*112
V-','
101%
105%
—
V
34
85
81%
81%
"■
J-D
debs
t
10
93
83
85
•>
J-J
gold 5s
104%
599
116% 116%
116%
J-J
*101% 102%
M-N
1st
Corp 3%
103%
164
44%
105
*106%
J-D
1971
Pacific Co—
Southern
ist
:r
62%
45
r
94%
60'/a
103
*102% 105
J-D
Af-S
Vandalla
63%
61
43%
62%
of dep
Soconv-Vacuum Oil 3s
South
60%
'
62
51
99%
19
43%
;
.
85%
70
98%
—
60
44%
M-S
57
55
F-A
103 3/4
79%
514
60%
58
59
—
(Guaranty Trust)—
ACtfs of dep (Chemical Bank)—
J§AAtl & Birm 1st gtd 4s—
-1933
ACertificates of deposit
tASeaboard All Fla 6s A ctfs. .—1935
Seagram (Joseph E) & Sons 3%s_1965
bnell Uuion Oil 214s debs
—1954
234s sinking fund debentures—1961
t§ASilesian-Ara Corp coll tr 7s—1941
Skelly Oil 3s debentures
1950
South
58
■
series A
6s
cons
ACtfs
98%
>'
59
J-J
90%
52%
2
99%
*96%
7-1
103%
89
55
24
100% 100%
100%
M-N
102%
*103%'
901/4
1949
106%
81
__
__
150
U
103%
■
108 y8
130
144%
A-O
1960
Elec
&
Gas
Universal
deposit
SARefunding 4s
ACtfs of
*90
•
—
4
94%
94
J-J
—
*141
Union Electric Co of Mo 3%8
30
104%
'''
•
__
107%
105%
J-J
-
27
17%
*104% 105%
*103%
104 '
75%
51
J-J
109%
109%
108
23%
23%
J-J
—.
stamped——-——195ii
gold
Certificate of
gold 5s-
1st ref 4s——
1960
income 5s
Jan 1960
Ad)
108%
72
20
—„
1950
1st
Tri-Continental
108%
69%
J-J
110
108%
*■*«*■
129
105
14
107%
126
106% 107%
Pacific-Missouri—
Pac
79%
110
>
——
*109%'110%
:i;; 71%
M-S
-
jSeaboard Air Line Ry—
§ A 1st gold 4s unstamped
ACertificates of deposit
;
Pacific
Trenton
'
r
112
106%
*127
107
F-A
Third Ave Ry
__
'V
M-S
M-S
ACertificates of
Scioto V & N
deb
St
105%
985/a HO
12
*110
101%
110%
*107% 107%
J-J
Tol & Ohio Cent ref & impt 33/is—1960
Toronto Ham & Buff 1st gold 4s__ 1940
M-S
101%
10
*104% 105%
Af-N
Company 3s
debentures
3s
108
103
29
68
68
68
V..
—1978
M 414s series A-
101 % 102 %
110% 110%
1965
f
s
Texas
1
106% 107%
deposit
of
ACertificates
ACons
.-1950
*
1107/8
107%
6
107% 107%
MXN
J-J
A-0
27
Louis—
1959
107%'.
106%
—
—
1st
Adir 1st gold
St
Texas
*107%,
102%
28
106% 106%
106%
A-0
J-J
Union
St Lawr &
of
J-J
Union
-1968
1947
105%
gold 4s——
1953
Ref & impt mtge 3%s series B__1974
refund
i§ A Union
Baguenay Pwr Ltd 1st M 414s
St Jos & Grand Island 1st 4s
106
'105
105
Af-N
Af-N
1965
line 3s
assu
Texas
JJARio Grande West 1st gold 4s—1939
A 1st cons & coll trust 4s A_
1949
•;
1961
*104
Ref & imp M 4s ser C
2019
Texarkana & Ft Smith 5 Vis A—1950
& Saratoga RR Co—
coll 4s
M-N
J-J
Gen
R
Reading Co Jersey Cent
J-D
-1959
1955
—
Transmission—
&
Gas
1st mtge pipe
.—1964
debs
66%
245 V
****
Tennessee
2%s deb——
J-J
1953
;
.
Corp 3%
Oil
104 %
57
157
224%
Calif
of
Superior Oil 3%s aebs
Swift St Co 23/48 debs
"
Quaker Oats
107%
*58
10.3%
155
__
*242% 250
—
"
109%
105
104
Standard Oil N J deb 3s—
*151%
.
High
107 y8
F-A
-43%
*107% 108
-
Low
2
Apr
'
110
*105% 107
J-J
1968
C__
January 1
No.
..I960
Oil
2%s debs
Stand
Sunray
*110
series
3s
103%
103%
—
—
ref
&
Range Slnqe
Sold
Uiah
ASpokane Internal 1st gold 4%s„2013
*
1
103
Bonds
Friday's
106 y2 107 %
J-D
Southwestern Bell Tel 314s B——-3964
'
103
or
Bid & Asked
High
104%
1
*113
F-A
', J-J
Sale Price
Lou>
94% 101%
3
104% 104 Va
'
Last
Period
January 1
No.
100% 100 V2
100%
J-J
J-J
Interest
New York Stock Exchange
Range Since
Sold
Bizh
Low
.uPittston Co 5%
Bonds
Friday's
Bid & Asked
Week's Range
Friday
BONDS
Week's Range
Friday
asked prices; no sales being transacted during current
selling flat.
week.
-
"
V
NEW YORK CURB EXCHANGE
'
WEEKLY
NOTICE—Cash and
in
deferred delivery sales
iootnote in the week
a
in which they occur.
In the following extensive list
4,
Aug.
ending
and
are
the
present
AMD
furnish
we
Friday
include every security, whether stock
or
a
range
STOCKS
(Aug.
10, 1945).
It is
Friday
Week's
Range
ACF-Brill
Motors
Wire
uo
Shares
Aero Supply
Class
Air
Air
STOCKS—
6%
700
2%
Jan
Investors
Convertible
Inc
(N J)
32*
Apr
Air-Way
Electric
22% May
5% Feb
Alabama
Great
Jan
15%
Jun
Alabama Power Co
Jun
13%
Jan
3%
1,700
3% Aug
14%
13%
14ya
1,600
9%
21%
11%
200
11%
3%
3%
300
J
common
_2
preferred
10
frvntrxv^q
nacre
50c
3
50
Mfg Corp
Jan
3%
9
common
Alreon
Jan
3%
$6
2% Mar
4%
Jun
Alles
36% May
37%
Apr
Allied
Appliance
Southern
for Week
Shares
9%
8%
5%
5%
122 Va
Range Since January 1
9%
5%
122% 123
16,400
5%
3%
Jan
99%
Jan
$3 conv pfd
30
106
/
*
10% July
Jun
700
115% May
1
& Fisher common
High
Loio
Hiah
*
preferredInt'l Investing
Low
•
$7 preferred
70)..
Sales
Range
of Prices
Par
19
1
Mfg
7% May
Week's
Last
Exchange
High
27 %
1
Friday
Sale Price
Curb
York
Range Since January 1
Low
itself, and is intended to
AUGUST 10
New
Hiah
10
Mfg class A
Associates
For
5%
B
Ainsworth
Low
warrants
common
ENDING
for Week
of Prices
Par
Acme
WEEK
'
York Curb Exchange for the week beginning on Saturday,
occurred during the current year.
Sales
Last
Exchange
Curb
FOR
shown
:
.
compiled entirely from the daily reports of the Curb Exchange
bond, in which any dealings have
Sale Price
York
of the week, and when selling outside the regular weekly range are
complete record of the transactions on the New
RANGE
New
RECORD
YEARLY
unless they are the only transactions
No account is taken of such sales in computing the range for the year.
disregarded in the week's
6%
41
'
6% May
132
118%
July
Jun
Jan
110
Apr
10
Feb
Jan
V48
Feb
July
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4411
162
NEW YORK CURB
EXCHANGE
10
RANGE FOR WEEK ENDING AUGUST
Week's
Friday
8TOCKt>—
Curb
Last
Exchange
Range
Shares
Class
A
common
conv
Altorfer Bros
—
preferred-
Aluminum
6 c/o
Ltd
—
.—
—
IlOO
•
common-;—-
«
common—-—~,
preferred
,—
Book
Co
————
Central
American
43%
114
475
30
Jan
Jan
9
49
Jun
112%
Jan
117
19%
Jan
15%
20%
20%
18%
18%
103
50
18%
100 % 103
110
1
20
46
30
19%
1
50
Jan
117
Jun
110% July
2% Jan
1% Mar
500
2%
50
26
Jan
300
trust
47%
47 %
48
350
46
44
44%
46
550
42 % July
1
Class B_——————————————————————
Y«
6 V*
6%
5%
American
Calamba
Cyanamid Co common-—10
Foreign Power warrants-
American
—*
Fork
American
Hoe
&
Gas
American
43A %
38
20
common
10
Electric
&
preferred-,
37
%
&
Callite
Jun
Jun
Fire
Canada
Jan
6 '/a %
Jan
Canadian
7%
Jan
Mar
19%
35%
20
35%
••
100
;
300
36 %
11%
46%
45%
46%
25
21%
Hard Rubber Co_.—
American
20
25
——25
-100
American
Laundry
American
Light & Trac common
Mach
preferred
6%
American
Mfg Co common
Maracaibo Co
American
% July
21% May
300
;•',/ 775
:;
22
A
B
Feb
Capital
Carman
Co
35%
900
32%
Jan
36% May
Carter
23%
5,400
17%
Jan
24%
Jun
Casco
500
25%
Apr
29%
Jun
Castle
(A
571/2
60
IOO
51
Jan
70
37%
37
371/4
45'/8
4%
American
13
Jan
40 Va
Jan
53%
(J
Catalin
Jun
41%
100
12%
,10a
Jun
200
1%
12% Aug
4% Jan
4,300
6%
1%
"1%
13%
6%
—2
common
com
35,900
W)
Co
M)
July
$3 series preferred
American
Writing
Anchor
Post
Corp
common-
7%
Hudson
Central
16% Mar
Maine
New
108%
Apr
25% May
27%
Jun
-25
6
5,600
26 %
100
Jan
97a
Jun
Apr
6%
Jun
1%
400
*3%
Jan
4%
Jun
16%
1
—•
.
50
50
33
May
Jan
19
Apr
42%
Feb
117
1
—
Jun
8%
15% ,16
16
Jan
14%
400
10
.
Gas
Ohio
Central
Power
&
& South
&
Elec
Jan
1974
Feb
Jan
29
Jun
107a
Feb
6%
~8%
1,800
9'/a
9%
300
7%
Jan
10
120
105% 106%
180
104 %
1077a
Jun
Central
Aug
§Cent States Elec
106
.-1
Products
West
9%
100
100
pfd
pfd
14
100
7% July
Utilities
50c
4
preferred
6%
200
14
119 % 119%
100
20
class
non-voting
A
34%
Jan
Jan
5
Jun
77o
preferred
3%
12%
10.500
4
8%
1,000
5%
Jan
400
3%
Jan
pfd opt div
Conv
Apr
6% July
17%
100
18'/a
Jan
20% May
3
200
4
pfd opt div
300
20%
Jan
30
111%
Jan
25
Cessna Aircraft Co
Chamberlin
Feb
28
Jan
112 %
23%
112
10%
If Apr
May
Oimns
curp
420
63
Jun
78
May
160
19%
75
18%
Oil
4
2,800
7%
Jan
9%
Jan
25
Chicago Flexible Shaft Co common—*
37
1,500
3%
Jan
6%
Jun
Chicago Rivet & Mach
4%
51/a
6,600
3%
Jan
6%
Jun
Chief
10%
10%
2,500
10 Va
Jun
Consolidated Mining
SChilds Co preferred
American
Tel & Tel
50
72
Fisheries
Atlantic
Coast
Line
Co
Atlas Corp warrants
Plywood
Voting
(BP)
Avery
72
$6
$6
—
Ayrshire Collieries Corp
Claude
Clayton
11%
Feb
Cleveland
85%
Jun
Clinchfield
Jun
Club
Neon
Apr
20O
58%
Jan
2%
Jan
4%
200
10%
Feb
12%
17%
Jan
24%
Jun
Cockshutt
12
Apr \
18%
Jan
Colon
1274
22
JL37a
500
6 7*
1,800
5%
Jan
100
10%
Jan
15
Jan
26%
Jun
Colt's
10% Mar
6
13
18%
Jan
3674
9,300
974
1274
20,100
40%
4074
50
12
32
~47a
367a
"5%
33
2974
Jan
37
May
V
for
common
117a
30
preferred
?%
•
1
common
9% Aug
Steel
Barlow
Aug
43
Jan
Apr
127a
$3
Apr
$1.20
Inc—
Refractories
Basic
(L)
Baumann
8
1
Brummel
Beau
187a
5%
6
'
:•
16.400
■
678
;."
■
-100
1
Ties
Beaunit
Mills Inc
common
10
Beilanca
Aircraft
common
1
;
.
:
3
Feb
Co
•>.
•:
^
'
—w
3%
„
20
4
—
;•• -".v-v
v
3%
Jan
77a
878 Mar
1174
&
Hedges common
preferred
Berkey & Gay Furniture
•
*
1
Blckfords Inc
33
—
4,100
4%
3,400
9
Jan
common
2%
2%
33
3%
20
125
5%
May
145
Jan
Mar
Mar
2%
10,500
1%
Jan
800
25
1
Blue Ridge Corp common—,
1
$3 optional convertible preferred—*
11,400
15%
Jan
3%
4%
2,600
3%
Jan
54%
56%
1,450
Blumenthal
21%
20%
21%
500
W)
common
•
(S) & Co_———
4%
7%
(H C)
Co
common—
46%
,46
,
2%
Jan
17
36%
19
Jun
Brazilian
Breeze
Traction
Corp
22
BrilJo
Mfg
110
38
38
100
32
Jan
38
Jan
141/2
200
9%
Jan
Jan
1351/4
common
1%
800
%
Jan
2
34%
Apr
Apr
48
4%
24%
20
15
po common—
16%
2,200
4%
5%
12,300
6%
6%
500
18
—
18
100
Jari
3%
Feb
6% July
17
,
31
British
American
Oil
British
American
wan
ants—
650
34%
1%
1%
;
.
"a
67a
Jun
77e
Jun
71
4174 Apr
Jan
96
1/64 Jan
Aug
3^
Jun
367a
Jun
200
1%
2774
Jan
300
35
ii
Jan
27a Mar
1174
Jan
1574 Jun
;
1
13%
•
common
Feb
2074
Jan
347a Mar
6,100
Jun
1374 July
May
57a
1,200
■fa
34%
1946
to
1%
350
14
100
1%
,
l
:.
Feb ;
41
_1
Co
1
common
Steel
Jun/
19
Feb
6
Ltd:
OH
27a
Feb
437a Mar
61
57%
61
1,475
4372
Jan
14
13%
14%
800
8%
Jan
2%
20%
100
2 7a
Jan
5
2%
18%
~19%
•
19%
20
2,900
6%
6
6%
—1
Mar
20
Jun
35
12 7a
187a
Jan
47a
Jan
1374
4,800
2,700
20%
Jan
May
80
Aug
11874
Jun
110
■
Apr
10c
:
Jan
Jan
11474 July
1067a May
57a
10
Machine Co
77a
6774
60
preferred
103
100
80
19%
19 7a
19%
•
774
77a
77a
103
50
104
•
Co
15
Aug
Jan
774
•
65
147a
Jun
May
Jun
3% Mar
257a
Jan
77a
Jun
237t Jun
113
Apr
Jan
207a
Aug
97a
Jan
i7a- Jan
48
Jun
7%
5,400
5o
600
%
n
74
„
147a Mar
*
Reynolds
&
~3
1
3
Apr
Petroleum
common
preferred
convertible
1
50
2%
2
Jan
4
80
84
Jan
109
977a
3
27a
Jan
May
May
21% May
900
3
94
•
274
1,000
n-:.
32
250
Jan
Jun
Feb
Feb
3%
Feb '
36
36
38
974
Jan
307a May
5
257a
257a
267a
5,500
257a
Mar
317a May
1
1%
174
17a
8,500
1
Jan
1%
Feb
8
July
117a
Jan
107a
3,000
receipts (ord reg)_£1
dep
Petroleum
Co
Brewing
Crown
Oil
.
$6
Refining
preferred
•
t
"974
5
A
1
CO
V®
25o
15
"374
~3%
2..
—
Cuban
Tobacco
common
Curtis
Lighting
Inc
37a
10
-
52
52
257a
267a
1274
--
"3
13
100
5
2674
•
common—.;
—
800
•
Jan
32
30
4,100
Jan
Apr
27a
1,000
"3
•
Sugar
Jan
2574
;
25
common
Atlantic
Cuban
77a Mar
.
•
Drug Co common
convertible preferred
Crystal
;
International
Cork
Crown
——.
Jun
10%
:
700
.
l,3uU
7
1
& Smelt
Corp
&
400
11
,
"6% "7
1
Stores
Co
Fdy
10%
78
'80
115% 115%
80
:
100
Utilities
Gas
10%
«
100
Crowley Milner & Co
Crown Cent Petrol
(Md)
Jun
1,300
16%
8
♦
Range
Jan
Jan
3%
22%
5%
36
Jan
6%
"3% Aug
2,000
96
94
94
25
1
Southern
preferred A
Croft
Feb
2%
500
16%
_•
6%
35 %
35%
100
&
Textile
Creole
May
500
-i
5%
6
467a Mat
Jan
40
July
Courtaulds Ltd—
Apr
38%
.1
—
—
3%
11%
25
Arms
Biscuit
prior
5%
July
37%
22
...
287a Jan
4,400
Royalty
Cosden
Jun
3Va
Bridgeport Oil Co——
Jun
J
100
2,100
Mining
$6
Jun
40
-
1%
Aeronautical-
Brewster
43
400
5%
4%
Retail
Cor' 'von
Feb
19
Lgt & Pwr—
Jan
45
5%
18%
Coro Inc d
f
Jun
•
2d
$5
3574
41%
43%
3%
Cornucopia Gold Mines
Jun
57%
128
loo
1st preferred—
preferred
7%
325
41
Jun
Mar
24%
19
common
Jun
44
—
Cook Paint & Varnish Co
Jan
126
———
Bowman-Biltmore
Apr
227a
,
16%
Copper
15%
•
Inc
3%
Jan
4'/a
Feb
Jan
12%
Borne Scrymser Co—
Bourjois
:
Jan
18%
Jan
51
.100
—
Jun
l3/a
Continental Gas & Electric Cc—
5% Mar
—25
1st preferred—.
257a
8%
41
warrants
preferred series C
American
Bohack
Jun
9% Feb
Jan
300
•
series B preferred
'/a %
Consol
153% July
14%
11%
12%
31%
*
Jan
Jun
Jun
20,200
•
preferred
Continental
Jan
15% May
10%
12%
28%
& Mach Co com—•
common
9
19%
1174
2%
,,.100
Co
Coke Secur
Consolidated
Aug
10 Va
10%
(E
Jan
.
17 %
—
Consolidated
i
Mar
14% July
10% Aug
29
Birdsboro Steel Fdy
Blauner's
Bliss
2%
87a
Jun
137»
17
•
ordinary
Consolidated
127a July
Jan
X0V2
30
151
1
Convertible
450
2%
142
135
Electric—
extended
c
Gas &
7%
&
Benson
Jan
•
Consolidated
Feb
Jan
Mar
36 %
151
Jan
11
Feb
3227a May
2474 Jun
110% Mar
100
21%
1
Fire
Gas
Consolidated
Jun
106
32
9%
20%
common
Consol G E L P Bait
5% Aug
Apr
5%
2,300
'
'
32%
15%
50
.
.
100
Tel of Canada
Bell
18%
common.
1st preferred
7%
9%
21%
Airlines
Patent
4%
Seelig Mfg—
convertible A common
117
600
10%
ls/o
Jan
200
Jun
40% July
147a Feb
Jan
16%
120
10 %
127%
M Jan
85
1,500
12
120%
10%
Illuminating
Corp
Utensil
Plow
Consolidated
Feb
&
4%
12
Jan
Jan
127a May
10%
i.
Corp
6,500
122 % 127
118
1
preference
t
Conn
Jun
1078
shares-
American
Earium
1574
40
:•!/ 300
Andes—
los
de
Banco
Co
Rubber
Baldwin
•W*»
18%
•
10
Community Public Service
Community Water Service
Compo Shoe Machinery—
Baldwin Locomotive—
warrants
175
15,200
«
Colorado Fuel & Iron
May
B
& Wilcox Co
l'/o
21%
Inc
Development
Colonial
7% May
Coal
Commonwealth
Purchase
Jun
108%
Mfg
Electric
Columbia
13
5 7o
Babcock
Feb
11%
1
Lights
Aluminum
23
674
13
34%
150
57»
Feb
Jun
1,500
300
12
1
Co
& Lambert
19,600
12%
13
Feb
Aug
47a
207a
*
17
104
7%
37
103
12
Controller
Apr
1
127
900
12 74
5
25
1
July
■
20%
*
Clark
21
11%
•
•
74
8
22
:
101
Jun
Jan
103
•
City Auto Stamping
City & Suburban Homes
1% Mar
Jan'
3
10
10%
Jun'
16%
1
10
preferred B
60c
Jan
13
300
100
common
preferred
Jan
9%
Jun
Jan
19
112
preferred BB
23%
Jan
75
10 74
■
73
37a
-1
.
Machine
& Sous common
preferred
6%
113% May
Feb
%
2,100
104
774
1
Products
Automatic
1%
5
Corp
Automatic
104
%
u
47a
Forge common—
Drop
2,000
10%
104
Coast
Atlas
Feb
16% July
7% Apr
1,200
81/2
9%
RR Co pfd__100
-1
Atlantic
Atlas
17%
8%
1%
•
class A
& Coast
Birm
Atlanta
<
110 %
10
17%
,;
£1
•
dep rects reg
Associated Laundries of America
Associated
8%
Industries—
Electric
Associated
112% 112%
17%
1
15
35%
12
2.50
Co—
Refining
&
87a
107o
5
Feb
'<100
12%
13%
19
8%
11
20% Mar
307a Mar
4,500
10
4%
10%
Aug
Aug
4% Mar
4%
12%
5
8%
Light $7 preferred-*
Equipment Corp
Aro
Ashland
19%.
5
Cities Service
Arkansas Power &
20
4%
4%
8%
5
.10
Jun
Mar
18%
common
Apr
32
19'%
1
Cherry-Burrell common
Chesebrough Mfg
114% Mar
57a
July
65%
Co of America
1227a
19
67
100
29-
Jun
147a May
Feb
150
20
100
ser__
ser
Jan
May
Apr
68
19
20
common
Apr
118
75
100
Coriv
Mar
4%
preferred
6%
25
Mar
118% May
—*
pfd
Light 7%
1%
17%
112
10
"7%
~8Va
—1
com
7%
Power
Steel
133 %
5%
3%
50 74 Aug
119 7a July
24
•
-
21% July
Mar
70
50
_*
.
Jan
28
...
Power
Central
0
3% V
974 July
5%
8%
~3%
3%
.4
pfd—
York
Jun
5%
8%
Jan
July
Apr
America—*
Jan
18
2.900
■
Jan
..
Jan
4%
-a
*.
Natural Gas common
Common
30%
5
8%
20%
A
Co
of
Central
•
Paper
Fence
Anglo-Iranian Oil Co Ltd—
£1
Am dep rets ord reg
.
1
Angostura-WUpperman
•
Apex-Elec Mfg Co common
Appalachian Elec Pwr 472% pfd— 100
—1
Argus Inc
Arkansas
27%
29%
__5
preferred
5%
Thread
Apr
227a May
108%
'
American
8%
Jan
—
com
&
%
preferred
$6
20
210
.
*
8
120%
Corp
Superpower
1st
-10
Republics
8eal-Kap
American
Amer
*
6% Mar
800
21%
-
Jun
31
300
45%
Mar
Jan
1%
4,900
21
Alcohol—
Products
29
3%
7%
6%
.
211/4
47a May
107a May
10%
—100
common
—
Carolina P & L $5
27%
*
Chemical—.
&
Ltd
—-
common
35
3%
7
5
Foundry Ltd—
preference—
class
Central
Potash
American
1
Products-,
Co
Carnation
Mar
49% July
24% Jan
Jan
May
3% May
12
&
22%
3%
6% Jan
,
Class B
29
60
Jan
300
.5
voting
35%
'
Jan
7%
9%
—
voting
22%
-1
Meter Co
American
Co
&
non
City
July
July
18
3%
9%
4
Jun
Aug
150
Jan
Ltd
Industrial
Class
11 %
54
1%
Corp
Co,
Car
Class
113%
44
Jan
500
-10
Canadian Marconi
Jan
41%
20
38
Jan
2
3
'3%
—1
Power™.
preferred
8% Jan
111%
1,075
11
Jan
31
8,200
112% 113
11%
Corp
Jan
300
2%
_£1
pfd
Estate-
Participating
44 % Mar
32
17%
4,200
3%
50o
Insurance.
Bread
52
36% July
10,600
%
common—10c
$2 convertible preferred
1
$2.50 convertible preferred—
—1
General
American
dep rets 5%
Electric
Tungsten
Camden
48%
July
4
3,400
39
%
Range Since January I
Low
High
High
60e
certificates
Sugar
California
Canadian
American
Low
Wireless—
&
Canada Cement
—25
A_
class
25%
Jan
Cables
xjight—
&
—25
Convertible
54 Va
Mar
11%
Voting
Jun
Jan
108
100
Cable Electric Products common
Feb
21%
Jan
86%
1,150
110
2%
Shares
Par
Jan
,4,000
Jan
500
:
,
Sales
for Week
39% May
39
May
750
45%
40%
Week's,
Range
of Prices
Friday
Exchange
High
,
Jan
36%
113% 114
'
-100
Mfg
Power
Cities
American
37%
29
300
8%
IlOO
American Beverage common-——
American
Low
36
36%
37. '/a
20%
Mfg_
Industries
Aluminium
Hijh
35%
Curb
Range Since January 1
•
•
,
Goods
Aluminum
—25
Co common—
Aluminum Co common,
6 %
Low
(Mich)——. .—10
Products
York
New
Last
Sale Price
for Week
of Prices
Par
Allied
STOCKS
Sales
Sale Price
York
New
697
/!
117a July
197a
47a
28
Feb
4.7a Mar
Apr
61
Jun
227a Mar
31
Jun
127a
18
Jan
8
Jun
Jun
47a Mar
2.50
Feb
July
Tobacco—
Am
20%
dep
ord
rets
Celanese
Amer
B
A
_£1
.
class A
19%
19%
19%
20
250
19%
23%
Jun
Feb
22 %
22
& Wire
—-—*
common—
preferred—
.*
—1
common
(E L)
Co
Bruck
Silk
Mills
Apr
5%
Jan
6%
25
Ltd—
Buffalo
Jun
Aug
3%
Jun
8%
Jun
Class
$5
preferred
1st
Dejay Stores common
Mfg class A
86 prior preferred
Dennison
Bunker
Burma
Burry
Hill
&
Sullivan
Corp Am dep
Biscuit
Butler
For
CP
H)
..
footnotes see page
25c
701.
50c
800
on
Fob
26%
Apr
98
93
98
20
91
Feb
98
Aug
Derby Oil & Ref Corp__
Detroit
10
Jun
347a
Jun
Feb
407a Mar
10
107a
772
Apr
700
-
1
1,900
3%
Jan
5%
Jun
common
debenture
Gasket
9
774
50
&
Mfg
preferred—™
28%
20,600
20%
Jart
350
lliy4
Jan
12%
13
800
10%
Jan
1%
2
58.100
1%
Jan
2,800
10
32%
317a
32
JO
13% July
28%
4%
Detroit Steel Products—
Jan
3,500
4%
7
10
13%
13
4%
67»
Mich
13
116% 117
~2%
67a
Gray Iron
rwroit,
28% Aug
117
7%
Stove
Co
Foundry
Co
common-
common
preferred—,
92
Feb
Feb
Apr
142
74 Mav
Jan
11%
Jan
Jan
1872
Apr
2174
Jan
8% Aug
*2%
5,800
2,200
400
7a
Jan
Jan
774 July
Jan
3474 Mar
257a
-
"7
.
;
—
Apr
Diamond
Shoe
3
Jan
5% May
Divco
4%
Jan
6%
Dobeckmun
Mar
common
Diana Stores Corp
Corporation
Co
common
30
July
107a
Feb
12
Jun
18
Jan
30
Jun
■
■
10
27a July
17a
574
27
Aug
141/2 May
2% May.
97a
2074 Aug
500
20
~27a
Detroit
Feb
1174 July
Apr
57i
16
1
Jun
10 y8
Mar
10
r87a
~8%
1
39
9%
\
89
_1Q0
Jan
33
400
,774
77a
89
82
138
•
Jun
5%
2
common
37
Jan
3572
367a
De Vilbiss
—12%o
Jan
22%
30
32
36 7a
22%
28%
rets
Corp___
31
30
367a
21%
4%
"137a Feb
950
30%
21%
4%
107a July
D
1
30
13%
—2.50
j.
200
;
35
Jan
•
:
—
;
24
25
.
convertible
100
*
preferred
A
600
Niagara & East Power—•'
$1.60
11
;
—•
7
•
Buckeye Pipe Line.
11
11
t
Davenport Hosiery Mills
Dayton Rubber Mfg
30
5
common
I
Apr
6%
Bruce
(Mo)
30
•
t
Jun
2'/a
6%
i
.
prior preferred
Rubber Co
20%
Curtis Mfg Co
May
Jan
5% Mar
—•
Forman Distillers
Brown
20% Aug
—10s
reg
Power
————
Fence
Class
Brown
reg
dep rets ord
Class
700
Ltd—
British Columbia
Brown
21%
_£1
dep rects ord bearer
Am
British
$5
Co—
•
28%
27T»
28%
700
1
23
227a
237a
1,800
1374
Jan
257a July
20
21
700
1174
Jan
237a
3174
32
300
20
Jan
36
1
J
32
Jun
July
EXCHANGE
NEW YORK CURB
RANGE
WEEK ENDING AUGUST 10
FOR
<
Range
Last
Exchangs
4%
Dominion
8%
8%
500
——
—
■
.
B common.
Hosiery class
6%
28 y2
Apr
10
Apr
Feb
Jun
x68 % May
May
Co
100
77
/. 56
56
50
•
100
12
12
12
1,000
3%
3%
3%
l
preferred w w
Holt & Co common
Feb
Jan
.66
Jun
Hoe
Jan
95
Apr
Hollinger
% May
3%
12% May
4 A May
Jan
14%
Feb
& Co
Horn
—
(A
&
Horn
2%
m
Fuel Assoc common-.
Gas ft
East
preferred
Eastern Malleable Iron
Q%
—
95
A
95 A
700
78%
Feb
99
July
54'A
53%
56
1,350
46%
Feb
60
Apr
34
34
75
33%
Jan
37 A Mar
1%
-25
$6
Sugar
Eastern
Associates—
preferred
$5
•
Stores..
Economy Grocery
5 %%
300
39 y2
1,600
10 %
10%
48
10%
11%
Jan
48%
Jun
Jan
12 A
Jun
Jan
20%
Jun
Jan
Jan
101
97%
Jan
105%
70
Jan
112
100
101
1,200
107
100
„
2%
3A
14%
14 y4
300
36%
36%
Vv',:' 25
28%
27
29%
3,700
r77%
75
79%
475
11%
11%
200
5
2'
1%
10,900
2%
500
1
45 A
45%
46
1
—
liy4
11%
10%
11%
2,300
1
35%
37
.8
8%
8%
9 %
-•
23%
21%
24 A
38%
3,700
12%
Feb
Jan
40 A
15
Jan
33%
Jun
90
Jun
Jan
49
108% May
Jan
11
Jan
1%
Feb
12
2%
Jan
Jun
Jan
48
Jun
7% Mar
12
Jun
32%
Feb
39%
Jun
43
May
31% May
3%
3%
14%
3
May
4%
Jan
16
Apr
17%
Jan
38A
Feb
55%
50
42%
45%
51%
5,400
39%
44
3,400
—
57%
.
5%
7
5%
Illinois
240
58
6,800
7
liy4
5%
ioo
3% May
19%
700
14% Mar
21%
18%
21%
58%
2,800
58
16%
700
53
Jan
60% July
17%
2,200
1,000
15
Mar
28
13% Mar
28%
6 A July
11% Jan
7 A July
15
Jun
12%
Jan
15
11
Jan
12% July
17
Zinc
•
Co
,500
—
26%
66
130
July
56
75
8
International Hydro
$3.50
Preferred
May
Jan
27% July
Jan
28
3%
Jun
120
7
150
11%
13
2,900
25
25
200
25%
27%
850
75
75
40
3 %
13%
17%
Jan
17%
25
29
57%
71
Feb
3
Jan
2
600
2
3 u" Jan
86
90
975'
55% Mar
95
350
85%
Feb
101%
20%
100
19% Mar
23%
Jun
40%
42
3,300
Aug
Jan
114
4,000
6,200
3%
Jan
1%
Jan
3%
14%
14%
100
19
7%
8%
2,900
200
Goodman
$3
3%
3A
99
100
19%
110
17%
3A
Jun
106
Jun
Jun
108
Jan
3A
2 A
Jan
4
Jan
104
92
-
18%
100
13 A
Jan
10
109% May
300
Apr
Jan
110
19%
Feb
52% May
•
Jun
17
11%
13
16
May
19 A
19%
5,300
18%
Jan
22
Mar
•
10
19 A
19 A
19 A
500
19 A
Jan
21% Mar
shares
Products
com
~2A
2 A
2%
28%
50
52%
52%
34%
^1
8% July
1,800
28%
2%
II*
*._1
19% May
17%
24%
21A
3,900
4%
600
66
66
225
48%
Jan
71A May
36%
35%
36%
500
13
Jan
47
Jan
3% May
Jun
103
July
July
106
1A
48
A
48%
stock
preferred
Northern Paper
Greenfield Tap & Die
•
100
25
•
Jun
Feb
Jan
13% Mar
300
Jan
51%
Apr
39%
Jan
50
Feb
22% May
200
7l/a Mar
17%
19 y4
3,900
9%
io y4
1,200
93%
95
132
34
95
250
50
39
750
17%
18%
2,000
8%
17%
134
37%
39
Grocery Stores Products common__25c
Gulf State Utilities $4.40 pfd
100
8y4
200
10%
Apr
9% Aug
86
127
Jan
Jun
35% Mar
120
10% Mar
7%
Jan
109
July
8
109% 110
•
Gypsum Lime & Alabastine
1%
39%
9,700
18%
common
Jan
Feb
57,100
8%
10 A
Co—
48 Vz
%
39%
"l
1
S
1
Rapids Varnish
33
34%
1
1
V
31% May
350
51%
Jan
53 %
Jan
200
17%
Jan
1,800
%
Jan
Feb
35% Aug
9A
Feb
July
20
13%
103%
Jun
Feb
Feb
140
42 A
July
22%
Jun
10
Feb
114% Mar
10%
Jun
(F L)
Co
Lamp Co
Bridge
Hartford
Hartford
Harvard
■
Co
Ltd
Paper
*
10
;
1—25
Rayon voting trust ctfs
1
Hat Corp of America B non-vot
Hazeltine
Hearn
6%
Hecia
Helena
Corp
Dept Stores
10%
10%
27
27
400
58
59
com—1
•
~2%
25a
Rubinstein
24
1,300
9A
Jan
13 A July
2A
2%
1,400
1
Jan
4% Mar
75
:/i 19
page
i
July
11% Jan
preferred
preferred
Julian & Kokenge Co
6%
—
1%
16%
Jun
15
4,500
Jan
8
Jun
107
108
100
104
Jan
108
Aug
108%
108
108 A
20
108
Jan
110%
Jun
110
110
114
Feb
13%
.
4%
.
xl08% Mar
30
.
,.
21% Feb
—
—
24% May
Kansas Gas ft Elec 7%
preferred—.100
8
Inc
Kennedy's
Ken-Rad Tube ft Lamp A
•VV„
5
100
100.
1
rf
...
1% pfd B,
Kings Co Lighting
preferred D
Kingston Products
Kiiby Petroleum
5%
,
1.
Klrkland Lake G M Co Ltd
(D
Kleinert
Emil)
Co
•
-V-'.
Knott Corp common
,1
Kobacker Stores new common
•
100
7%
8A
300
29%
31
500
convertible
9 A
1,100
12%
'
12
12%
15
2,400
Krueger
Brewing
701.
msssmmmmm
19
Jun
34%
Aug
12
May
Feb
22
900
18
Apr
25A
76
10
52%
Jan
76
July
66 A
66%
30
43%
Jan
75
Jun
4%
4%
3,000
3%
Jan
5A
Feb
Apr
9%
Jan
4%
7A
i,
1%
.
7A
V
■
7 A
lft
2,000
7
300
x*v
■
15 va
Jan
Va Aug
iS Jan v
•<-'
17%
Jan
Jun
16% May
18
Jun
14% Mar
18
Aug
8% July
10
Jun
100v
Jan
"
.
~8%
.T8%
8%
y \:"u
Im-m'
300
99
Jan
9
Jan
11A
Jan
23
10 A
10 A
100
19%
17%
5 A
5%
3%
Jan
8
20
5%
8%
3,000
8%
Co
Shore Mines Ltd
Lake
Lakey Foundry & Machine
Lamson Corp of Delaware
Lane Bryant 7% preferred
700
6%
Jan
.y
Feb
4,000
300
B
Lefcourt
59
preferred..
Leonard Oil Development
-28
Le Tourneau (R G)
Material Co
'
—.
Groceterias
B
Class
Class
400
17%
17%
17%
400
16%
16%
16%
300
7%
Mar
.48
Mar
70
Jan
2
13%
ctfs
of
Corp
Jan
Jun
A
Jan
37% May
19
Feb
Jun
~4%
4%
1,900
14
Jan
19
Feb
27%
Feb
30 Va
Apr
2%
Jan
4%
Jun
24
24% May
Mar
.21%
_
I
21%
100
18%
Jan
24
13%
14%
1,900
10%
Jdn
15
Jun
9,200
1%
Jun
July
2
July
96
Jun
89
Jun
14%
Island Lighting Co—
Lynch
Jun
Feb
32%
1%
A
Lone Star Gas Corp common
Common
8
...
Locke Steel Chain
Long
Jun
28%
1%
32
1%
.10
...
Feb
32
1%
29
Lipton (Thos J> Inc 0% preferred
Loblaw
Apr
17
Jan
460
8,000
18
...
Lit Brothers common..,
Jun
13 A Mar
61A
57
V
-1
Inc
Lionel Corp
109%
4
1
Realty common
Convertible
Line
Apr
May
5%
11% Mar
6% Mar
15 A
Langendorf United Bakeries class
Class
15%
25%
14%
15 A
Wells Co common
Lane
.
109%
dep
1%
1%
...
1%
90%
.1
92
150
85
81A
82
...
83%
8
575
81A Aug
4,800
7% Aug
11%
110
Feb
114%
37%
150
32
Jan
7%
7%
Light $6 pfd
37
37%
common..
.
v
40
July
Feb
Jun
May
7
M
Jun
4 A Mar
Jan
8%
Mangel Stores common
Jun
36 %
3 A
Manati Sugar optional warrants^.
3"% May
29 y4
3%
6%
Jan
11%
Jan
53
8%
Jan
13%
Feb
Jan
Jun
May
Jun
20% Mar
150
8A
•,'v
119% July
76
IOO
1
1st preferred
Jan
Jun
48%
8%
'
Kresge Dept Stores—
4%
Feb
13
28% Mar
21%
21%
;
A Jun
Jan
4
1,100
34%
'
•
10.
...1
common
(I B) Rubber Co..,.,
116%
-wmm:
v
34 A
r*
—
Co.
&
'•
"v
0*
„•
Key Co common
Kidde
(Walter)
iV-A
'A'7-
•1
Jun
60
Jan
1%
4
30%
32
53 y4
•
see
Feb
Jan
11%
>
14%
100
100
100
5%% pfd
26% May
14 Vz
15 A Aug
$5
convertible
1
preferred..
;
Jan
20
■
3%
19
3%
20
300
200
(The B) Co
•
Consolidated Mfg Co.——*
Marine
Communication Co Ltd
Marconi
,
38
38
£1
•
Jun
2J
May
Jan
135
Mar
100
22%
22%
22%
50
Mar
18
Mar
33
Jan
38 A
Aug
,5% Aug
38
Internat
Margay Oil Corp..
3%
Jan
17
Manischewitz
Mapes
2% Mar
14A
104
.•
—,
Class A
footnotes
Feb
7
Aug
20
3%
60
Co
Jan
Apr
27
1,600
2%
14%
Mining
9%
12 y4
6
._8
common
preferred
For
10%
27
1
Co
Feb
Jun
1%
22
'
Louisiana Power &
200
Electric Light
Brewing
1%
42
107
—
preferred A ctfs of dep..
preferred B ctfs of dep..
Louisiana Land & Exploration
H
Rail
Mar
10%
1%
Hamilton
Feb
Jan
21A
11
2%
6%
Hammermill
Jan
3A
Jan
23
Jun
5% July
47
-10
...
13
1%
80
I
Equipment
preferred
Home
200
9
28%
•
15
Razor B
Utilities Corp
8%
21% May
4%
-50
Grayson Shops (Cal)_.
...
Great Atlantic & Pacific Tea—
Non-voting
Jan
May
17% July
7%
.
24% May
19%
Italian Superpower A
Klein
114% May
Jan
15
Apr
19%
Jan
111%
Jun
Mar
20%
8%
1st
148 Vz
4%
30%
.7%
Jan
Jan
Jun
20%
8%
Great
23%
50
19%
110
1,300
190
100
class A
Mfg common
Mfg
Jan
600
32%
.Gray
18%
18%
Graham-Paige Motors $5 conv pfd__25
i
Apr
1A Jan
preferred
Grand
9%
18
Mfg Co.—
Inc
Gorham
Feb
84
—•
Gorham
Jun
101
20%
8%
132
20%
Apr
12%
Mines.
Feb
9% May
K
6%
18
preferred
42
Feb
8A
8%
Corp——,
Consolidated
Jan
20%
40%
May
18
14% Aug
52% May
prior
Jun
9% July
100
18%
Godchaux Sugars class A—,——.
$4.50
Jun
92
8%
Co
^Goldfield
Jun
—
—*
i
12 Vz
Jan
2%
110
Gobel (Adolf) Inc common
,
9% July
7% July
7%
Gladding McBean & Co
^
duly
Jun
2%
preferred.
—1
91
shs__*
coupon
Jersey Central Pwr Si Lt
113% 114
—..
Aug
Jun
2%
Coal
Feb
Jan
20%
*
Investors Royalty
1
Iron Fireman Mfg voting trust ctis—•
Irving Air Chute
1
Jun
82
77
.
Alden
Jun
68
2
Interstate Power $7
Aug
Jan
55% Jan
8%
common.
Jun
29%
116
Jan
1,500
preferred
$3.50
Interstate
Apr
87% Jan
preferred.
Jun
1% Aug
67%
93
80
.*
Industries A
International Safety
4% Aug
Jan
10% July
9%
Co LtdAmer dep rets ord reg.
«1
General Finance Corp common
i—1
5% preferred series A
—
10
General Fireproofing common
—•
Gen <Jas & Elec $6 preferred B
•
General Outdoor Adv 6% pfd
100
General Public Service $6 preferred
,•
General Rayon Co A stock
•
General Shareholdings Corp com—-.1
.
—*
$6 convertible preferred
Gen Water Gas & Electric common—1
Jun
13
International
Jan
8%
May
500
93
■■■*
series
Petroleum
Registered
Feb
7%
25% May
2
90
Warrants
7% May
Jan
34
3,900
Gen Electric
Glen
Jun
1%
2
10
Machine
Electric-
International Cijar
Jan
Jan
5%
5y4 Mar
4%
8 Va
preferred
Harvester
May
6 A
19% Aug
113 A Mar
International Minerals and Chemicals-
25 Vz July
Co common
General Alloys Co——
Gleaner
36
52
x
100
of North America
Jan
24% Aug
450
67
24%
67%
International Metal
100
—100
preferred.
600
..1
1
preferred
14%
1,800
13%
100
preferred..
7 %
Apr
400
25 %
27%
13%
•63
Aug
5%
3%
11%
common——1
21%
13%
65%
44
5%
.25%
Gellman Mfg Co common..,—..
Gilchrist
Mar
'
13
13
26%
24%
5%
4%
19%
,'i
..
£1
Ireland
Jan
5%
1
■
Indianapolis P & L 5A% preferred.100
Indiana Service 6% preferred
100
Jun
22 y4
Garrett Corp common—
(AC)
Jun
58%
——•
—BO
9%
22 y8
_
*
Preferred
Jun
46
/9% Aug
6% July
19 A
Imperial Chemical Industries—
Am dep rets regis
21
Imperial Oil (Can) coupon
;
Registered
.*
Imperial Tobacco of Canada—
Imperial Tobacco of Great Britain ft
-
Gilbert
July
~3%
Jeannette Glass Co
$5
Feb
10
Jan
28
preferred
conv
Jacobs
Geoigia Power $6
50
Jun
3%
Feb
24%
Jan
7
•75
•}!•••
Jan
28%
7% May
10%
Jan
*3%
Dividend arrear ctfs
G
5%
34
Jan
1,800
Jan
113
Mar
1,300
July
5%
Illinois Power Co common.—
International
—
rower
May
.43% July
Hydro Electric Securities.
fiygrade Food Products..—
International
--**
(Geo A) Co
UituucttU
130
x41% Aug
5,500
•
9%
8
23 %
Co—2a
10
A
"
Jun
May
30% Jan
—.
Huyler's common.
1st preferred
Jun
7,600
—
stock
convertible
23
Jun
1,400
3%
17
17
Apr
500
13
44
Co
conv
X41%
42
stk purch warrants
7%
17
Metallurgical
non-voting
Class B voting
Ford Motor of France—
Amer dep rets bearerFort Pitt Brewing Co
Fox (Peter) Brewing
Franklin Co Distilling
$3
40 Vz
■
110
-•
Insurance Co
12%
-1
& Warehouse
Fire Association
(Phila)
Ford Motor Co Ltd—
\
Am dep rets ord reg——
Ford Motor of Canada—
4%
20
Jan
300
33%
Co
Industrial Finance v t c common
f
& Malt
32%
33%
Corp
Jun
35 y4
25
-50
——1
Inst Co
Airplane
Franklin Stores
Jan
Mar
8
23
$2.25 preferred
Jun
124
•
Jun
July
15%
Jan
105A
-IOC
Federal Compress
Fuller
12% May
18 A Feb
37
Hummel-Ross
3 A Aug
A- Jan
8,400
common——
Froedtert Grain
Jan
500
23
22
23
100
Common
Class
59%
Jan
14
•
•
1
*
1
Jan
9%
July
F
Fedders Mfg
33
15% July
9%
95 y4
.100
Pipe Line common——
Fansteel
Jan
2,700.
(Harvey) Inc
Humble Oil & Refining
Jun
8
1,000
99% 101
„60
pfd.
Equipment
Palrchild Camera St
Fairchild Engine &
Falstaff Brewing
19%
24% May
27% May
14%
Hardart common
Com
Jan
Jan
Hubbell
Jun
46,200
14%
13%
-10
preferred...—
Eversharp Inc new
42 %
1%
Inc
Eureka
41
-15
Equity Corp common
$3 convertible preferred
Esquire
59 %
106
common
Derrick &
Emsco
May
101
Corp
conv
47
1
District Electric 5%
Empire
525
14%
warrants
Co
Elliott
51
100 y2
National Watch Co
Elgin
48%
Jun
60
1,000
44%
10%
& Co common
Fibre
Aug
9
Jan
common.
Ligonier
108
Jan
5%
18%
—
Bond & Share common..
$5 preferred
$6 preferred—
—
Electric Power & Light 2d pfd A.
Electrographic
47% May
10 %
Electric
Option
200
1%
17
—1
—
Machine B
Washing
Easy
51
1%
T%
♦
preferred series A
—
preferred series B———
$7
A
2
48%
42
m
Jan
51
50
—
—
Stages Corp—-—
46%
8
.
23%
preferred,
Hussmann
13% May
300
■
Apr
3%
Jan
.100
'
Eastern
98 %
2%
.100
preferred
prior
4%%
300
2%
i
900
23
M—
Hardart Baking Co
&
5%
■
900
21A
23 A
A
Co common
C)
High
Jan.
100
V 7
7
20%
.2.50
Inc
(Geo A)
Horn
Texas Sulphur
Duval
Co
Hoiophane
Hormel
class
Consolidated G
Horder's
Low
103%
1
10
Apr
38 Va
(R)
Range Since January 1
'
High
11
5
Rubber common
74
11% July
Low
-100
5%%
Henry
Hewitt
Heyden Chemical common
82%
Shares
2
common
84
76 %
76%
Ilio
Test Corp common
Duro
5%
Apr
67
Duke Power Co————
Durham
4%
Heller
8
Corp_,
Harris Co
uriver
800
25% Mar
Dominion Bridge
Dominion Steel &
Draper
4%
8%
class A com--.
*
Co Ltd
—.—
IISB
Coal B——.—.
*
Textile Co Ltd—
4(4
for Week
Par
High
Low
High
Low
1
Domestic Industries
Shares
of Prices
Sale Price
Par
Sales
Range
of Prices
Curb Exchange
1
Range Since January
Week's
Last
Friday
STOCKS
York
New
for Week
,
•
Sale Price
Sales
Week's
Friday
STOCK8
York Curb
New
Monday, August 13, 1945
& FINANCIAL CHRONICLE
THE COMMERCIAL
6%
21
Apr
29
Feb
Mar
r-i
©
699'
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4411
Volume 162
NEW YORK CURB EXCHANGE
FOR WEEK ENDING AUGUST 10
RANGE
for Week
Sale Price
Exchange
Week's
Low
Par
McCord
Corp
common--—
$2.50 preferred
1%
lVa
1%
10%
11%
1,000
42
: 14%
mis
18
Feb
Jan
185
July
Jan
6
Feb
91
Jan
130
Jun
13%
Jan
4%
150
5
25
4
7,500
3%
.<
144
1,900
4,300
103
103
A
~4
12% Jan
2,800
16%
4%
5
-—-
-
preferred—
—
100
Messabi Iron Co——1
Metal Textile Corp——.
;——25c
Participating preferred—.15
6Va%
Jun
220
4%
4%
4%
51%
51%
18 Va
Jan
7%
Feb
Jan
5V4Mar
Jan
51% Aug
•
Pacific Gas to Elec 0%
5% %
Public
$1,30
1st preferred
Paramount Motors
Parker Pen Co
20%
19
21%
15%
15%,
16%
2%
2%
common-,.——5
15%
14%
15%
6,600
Midland Oil Corp $2 conv preferred—*
12 y4
12%
12%
75
2%
■
3
13%
Jun
Jun
3,300
12%
Jan
23
1,300
15y4
Jan-
23% May
2% July
4,300
3
11
Feb
5
5%
conv
Co
1-50
Jan
7%
13,200
1
Penn Water & Power Co——
Mar
Pictures
■
1,600
1,000
4
Jun
Philadelphia Co
9%
8%
5%
..
2%
Feb
50%
950
Jan
46
5%
4,800
5%
35%
Jun
3%
Feb
Phillips Packing
Pierce Governor
25
13
300
>
15%
15
15%
11%
13%
Jun
112%
Jun
4%
200
3
Jan
5%
Jun
57
Jan
73%
Jun
4%
70%
1,000
-
151%
400
X200
42
43
15
17%
35
150
Jan
-Jan
3% Jun
210
,
Jun
43% Aug
6% May
Jan
27
Jun
18
Apr
Feb
13% Aug
4% Jun
2,300
3
1,000
2%
100
9% Aug
2%; Jan
7%
7%
1%
7%
Jun
2% Mar
12
193
22
May
Apr
44
Jan
1%
Jan
6%
9
May
Apr
30
Feb
129
Jun
2% Feb
Jan
24%
IIlOO
July
137% July
22
18
Jan
15%
150
13%
Jan
13
14
500
10
Jan
17%
97%
.100
23
15%
15%
10
500
7% Jan
10%
29%
400
25% Apr
87%
Jan
Aug
18
Aug
4
9%
"5% "5%
32»/2 Mar
Jun
5
5%
5,300
1,400
10
Jan
6% July
3% Apr
X8% Jan
5,000
5%
,9%
10
11% July
44%
Feb
71
68
71
3,990
64% Jan
15%
*.—...
15%
16
200
14% Mar
136 y4
136%
135
'
700
117
Jan
4%
200
4
Jan
4%
6%
Jun
Apr
78% May
20 Va
Jan
142% May
6Va
Apr
13%
4%
Jan
19%
16%
Pneumatic Scale common—.—.
Polaris Mining Go———,
Jan
17% Mar
4%
3,300
3%
Jan
20%
1,200
12%
Jan
Jan
11%
Jan
Jun
22
6%
40
4%
5ya
Jun
Jun
Feb
1,000
4,500
Power common.
•
10%
Feb
179
10
350
38%
1%
May
18% Mar
10%
V
19%
Jan
29 V4
~5V*
Pittsburgh & Lake Erie...
Pittsburgh Metallurgical
Pittsburgh Plate Glass—.—.
Pleasant Valley Wine Go—.—,,
Plough Inc common..——....
9%
183
Jan
30
Pitts Bess & L E RR..
4
19%
11
43
Jun
Jan
May
14% July
700
100
10
29 Va
115
;
18
12j/4
32
18
Co.
Jan
2%;
2%
11% Jan
5,000
32
Piper Aircraft Corp com.—.—..
Pitney-Bowes Inc———„
9%
~.3%
73
196
common.
Jun
3%'
—10
6% 1 preferred
115%
Jan
4%
Pinchin Johnson Ltd Am Shs—.
Pioneer Gold Mines Ltd.—..
9%
18,600
Moody Investors partlo pfd
—
50
Mountain City Copper common—
—10
Mountain Producers——
Muskegon Piston Ring—.
Muskogee Co common.—
Jan
107 Va
71%
♦
76
Jan
13
1,200
12%
1
—
109%
90
.—23
Mar
1%
106%
23%
liS
Murray Ohio Mfg Co.—,—.
150
11%
pfd....
16% July
50% July
Aug
Aug
60
7Q0
71
;
"
Mountain States Tel & Tel———
Jan
110% 112
111% 111%
16%
Phila Electric Power 5%
Jan
3%
14
16
69
25
51% May
1%
»
;
82% July
Mar
111%
'
■
Jun.
Mar
47
110%
common,-,-
11% Apr
Jan
27
100
1,300
1,300
3%
46
^
K
32%
3%
,
I- .—10
Dakota Utilities-
States
3%
Jan
78
Pharis Tire to Rubber—,
1
common—
preferred—
Montgomery Ward A
.
Montreal Light Heat to Power—
Mountain
Feb
31%
8%
May
39
3ya
71
.*
Monroe "Loan Society A———
Montana
30
Jan
14
Mojud Hosiery Co Inc..———— -2.50
1
Molybdenum Corp——-—...—
conv
Mar
5% Jan
Jun
42% Mar
50
•
26
Jan
50
100
—;
28%
50%
50
7ya
49%
2 50
Mfg Co
200
20%
•
16
12% Aug
7%
Penn Power & Light $7 preferred—*
$6 preferred———.
—;
—•
100
16
•
5 Va %
1
—
850
32
3%
Mining Corp of Canada-:
—
III*
Minnesota Mining & Mfg
Minnesota Pwr & Light 7% pfd—. IlOO
Monogram
Feb
54%
29
35%
-
32
IIIi
Missouri Public Service common—.
May
22
50
27%
9y4
preferred--;————-
50
30'%
9%
3%
—10
—
Jan
18% Jan
30%
—
.
44 Va
23
Perfect Circle Co
common—
15% July
9% Feb
Mar
Penn Traffio Co:
9% July
Jan
33%
50
X48
X48
X48
•
com
26
8%
15
40
27%
35
Co common——-—-.
Wohl
Miller
13%
150
Penn Gas to Elec class A
25% July,
Jun
Jun
5% July
8% Jan
40,800 :
21,700
42%
$1.40
115% Aug
8% July
Jan
Jan
42
Telephone common—
preferred A—
34%
•
Cupplj——,—
110
20
15% Jun
Jan
Midland Steel Products—
&
14%
6%
5%
—.
Pepperell
Piping
104% July
20,
26
6%
Pennsylvania Edison Co $5 series pfd.*
$2.80 series preferred
—•
11%
Midwest
160
7
——-10
Pennroad Corp common—.
11%
11
11%
—.
Mid-West Refineries——
38% July
109 I
Feb
Parkersburg Rig to Reel
—1
Patcliogue Plymouth Mills——*
Jun
Jan
—
42% 'Apr
Jan
Corp—1
Jun
Jan
Co——
Jan
36
X22% Jan
Page-Hersey Tubes new common—*.*
Airways warants——
Pantepec Oil of Venezuela Am shs
12 Va
1 Va
8y4
Abrasive—
38
300
105% 105%
114
115%
105%
Pan American
8ya Mar
600
Oil
800
——♦
Jun
450
Midwest
40%
37%
Service.——*
6%
3,900
Mid* West
21
40%
40%
preferred
Pacific Lighting $5 preferred—..—*
Pacific Power to Light 1% pfd——100
Pacific
Jun
14% Jan
Jan
2%
Midi ale
High
37%
1st pfd——28
.*.—23
1st
3
11%
$2 non-cum dividend shares—*
Low
Pacific Can Co common.
500
5%
5%
5%
11%
Corp
Feb
110
Jan
45
2%
West
Range Sinoe Jantt»w 1
High
Peninsular
Michigan Bumper Corp—:———
1
Michigan Steel Tube—
2.50
Michigan Sugar Co——————,*.—•'
Preferred-.
———10
Micromatic Hone Corp—
1
Middle States Petroleum class A v t C-l
Class B v t c———————1
Middle
Jun
5y4
Apr
3%
10
12% Jun
Jan
3%
100
51%
3%
100
LOW.
Jun
Mar
45
117
14%
16
Scott———*
&
Chapman
Warrants
'
114
117 '
95
2,100
5%
:
12%
36% Mar
18Si%185
5
,
Mar
225
13% ,14%
5
*.
common——
Jan
1
7% Mar
*43
42
186 y»
Memphis Natural Gas common..
Shares
13% July
2% Jun
Jan
1,300
10% *11%
:u%
—,*.—*
——
for Week
Par
High
7% Mar
95
Mead Johnson & Co
Merritt
8%
.
1,700
11%
Dredging————~——*
Mercantile Stores
200
12%
imii
-
McWilliams
LOW
—•
pfd—100
.*
Massey Harris commonMcColl-Frontenac Oil Co 6%
Sales
Range
Friday
Bangs Since January 1
High
11%
Marlon Steam Shovel-—-—
Mass Utilities Association V t u.
Week's
New York Curb Exchange
Shares
ef Prices
STOCKS
Range
of Prices
Last
Sale Price
Sales
Last
Friday
STOCKS
New York Curb
97%
10
89
Jan
97% July
1,200;
26
•
Jun
19
<
May
Feb
Powdrell
to
Alexander—.—.—8
19%
MO
Power Corp of Canada...
——*
Pratt to Lambert Co.————*
1
31
"l%
Premier Gold Mining
—
1
Prentice-Hall Inc common—......*
America....—*—!
13
1
Metals
Providence
of
1A Jan
4,200
lA
51
Producers Corp of Nevada.——!
Prosperity Co class B———-*—*
Pressed
1
13%
iya
100
15% May
1% Jun
% Jan
:
Jun
73
Mar
12,700
11%
13
10J/a
Mar
Apr
13%
8% May
Gas—.——————'•"
Jun
l7/a Mar
Jan
12
,700
%
711%
%77
July
9ya
Jun
Feb
Public Service of Colorado—
.100
6%
1st preferred.
1%
1st preferred...
110
110
.100
107% Apr
111% Jan
10
110
..
112
May
118 y4
Jun
Jan
17%
Jun
Feb
110 Va
Jan
Puget Sound Power & Light—10
Common
N
Nachman Corp
-
National Breweries common—.,
7%
preferred
...
.
1%
1
■
3
2%
*
77;.;
City Lines common—— —500
9
National Fuel Gas—————
38
$5 prior preferred—
—•
Puget Sound Pulp to Timber———•
Pyle-National Co common—
„ 8
Pyrene Manufacturing ...
....,10
100
-
C
16% Jan
19
13 Va Mar
17%
17%
17%
18% May
17% Jan
13% May
Jun
Jun
23
Jun
Jan
12 y4
8%
Feb
10
July
Quaker Oats common.
6%
preferred
14 Va
Jan
21
July
Quebeo
11
Jan
16
Jan
19y2
Apr
1%
Jun
15% July
2% Mar
May
6% Jan
Jun
90
Jun
11%
76% Jan
190
Feb
16%
77;
107
50
109
109
109
14%
5,700
Jun
Feb
'
.
16%
15%
39% Mar
24
11
2,300
11,200
12%
Feb
20ya May
15% Jan
300
18
Jun
3%
39% Mar
•
12
12
9
National Mfg & Stores common—.
25%
33% May
50
,
22
17
17%
National
.
''
7~;:'V
21%
'
19% Jan
2y4 Jan^
6,200
36%
36%
!—23
~8%
National Candy Co common..
100
21%
21%
——-———
National Bellas Hess common—
15%
87%
85
87%
162
156
10
162
Jan
13
.100
Jan
164
Jun
■
National
Refining
1
common—
;
National Transit—
—
Union
Nebraska Power 1%
' ''7.
13%
2,400
■
14%
•—*i"
„
1%
7'nn
5%
'7
2,100
15
1%
300
5%
5%
1,200
.
•
5
•
•7#7::50
111% 113
107.
9
preferred—
—.
,77%
—.
New Mexico & Arizona Land—
New Process Co common
7
4
Nineteen Hundred
Noma
Corp B
Mines—.—
Electric
600
14%
800
20%
Jan
66
66%
1,500
63
3,000
.—5
—
.1
——
preferred—
—
Northern
Central Texas Oil
Northeast Airlines.
*.3
North Penn RR Co—
Northrop Aircraft' Inc..—
Novadel-Agene Corp
——1
40
5% Jun
Mar.
48
Jun
x5
30%
Apr
37
19
100
16%
Jan
23 ys Mar
Mar
7
6% Aug
Jan
22
16% May
17%
200
■' .7-; 80
106 Va
July
64%
Jan
90
3%
Jan
109
76
6%
975
96
99
%
%
89%
Jun
270
107% 109
88
•
82
8
800
15
4,200
13%
13%
2{S
21%
37/a
2%
20%
3%
124
21%
4
100
500
1,100
5,400
125 Va
275
99
8%
1%
Jan
26
May
39%
39%
100
35%
Jan
37%
38%
400
36%
Feb
43% May
43
May
53
Jan
56
"4%
"5%
Mar
1% Jan
6% Jun
5%
Jan
7% Mar
8,900
11% Mar
18% July
50
99% Apr
106% Jan
2.600
14%
13%
15%
108% 108%
37%
37%
39
17%
17%
17%
2,800
7%
3,700
7
6%
33
33%
825
,
400
105
40% Jun
Ohio Brass Co class B common———•
Ohio Power 4%% preferred—
100
Ohio.Public Service 7% 1st
4%
4%
4%
1,400
29
325
113% 114
30
28
6%
Overseas
For
:
,
,,
,
'
: •
"
Securitlew
footnotes
.
see
page
701.
31%
32%
300
6%
32%
•
'
6%
200
Am dep
rets lor ord
t
13%
13%
13%
300
Root
—
Apr
50
18
20%
13,300
5,500
17% July
1% Mar
400
22% Aug
14 y2 Jan
2%
2%
2
24
22%
X23%
X23%
1%,
1%
4%
5
1%
1%
5,700
105% Jun
1%
Feb
109
May
May
Jan
15
Jun
19%
Jun
16%
17%
500
16% Aug
22 Va
Jan
5
14 ya
14 ya
100
12% Jan
17
Jun
3%;
3%
200
2% Jan
7%
1,600
23 Va
1,500
14%
~7%
7
4%
Jun
8% Mar
6% Mar
18 Va
-10
21%
23
,
9
Feb
19%
Jun
18%
Feb
25
Jun
18%
-20
preferred.
Feb
6% May
8
—1
Petroleum Co—
$1.20 convertible
1%
12
■
7/7.
Jun
Mar
25
19 Va
■
—
Jun
3%
26 Va Mar
% Jatt
.
Jun
18%
Jan
3%
Feb'
,May
23% Feb
% Jan
3,800
1%
1
Jan
19
600
;■
-
1,400
..5
Rotary Electric steel Co.
Royalite Oil Co Lta.
Jan
Mar
11
Russeks Fifth Ave..———. -2%
-.1
Ryan Aeronautical Co—.
—
6%,
6%
6
4
4'/a
6,300
6% Aug
300
"7%
6
Ryan Consolidated Petroleum...
Ryerson to Haynes common..
19% Mar
12y4 Mar
10l/a
6
Aug
3% Mar
1.000
Jan
9
Jan
4%
Feb
Class A $2 conv
Jun
9 Va Mar
"
35% Jun
5% Mar
31
117%
Jun
Jan
prel—*
50
Apr
7% July
Jan
16% May
22%
23
606
18 Va
Jun
Jun
Jan
27%
Jun;
6%
6%
7
12,400
5% Mar
7
6%
7%
8.400
6% Aug
10%
Jan
Samson
5%
5%
6ya
1,800
5% Mar
8y4
Feb
Savoy
Schiff
3%
3%
3%
100
3
July
4%
Feb
100
22
Jan
St Regis Paper common——————5
Salt Dome Oil Co__————1
United Corp common—
—1
Oil Co—
—_—..——5
Co common.—————.*
Schulte (D A) common—
—1
Convertible preferred..——.—25
Scovill Manufacturing.
23
Scranton
Elec
$6
pfd
33
~4
3%
33
4%
3,700
3% Jan
70% Jan
300
34% Mar
41
July
10
111% Mar
116
Aug
97
V4
50
12%
*
12%
400
5%
5%
5%
600
"2% "3%
14.600
*.*.—*,
"3%
Lock & Hardware—
Seiberling Rubber common...
Selby Shoe Co——:
Segal
12%
"i%
(R
B)
Inc..
Sentry Safety Control
1%
16%
$5.50 prior stockAllotment certificates..—..,
Semler
12%
22
——
common
14%
85 %
85
13
22%
2
1,700
100
6,800
17%
3,000
85%
150
86
—1
1
Jun;
100
40
116
97
.——.*■
—
common—.
89
83
39
81%
Scranton Spring Brook Water Service—
$6' preferred—.
May
74% May:
38
116
40
—*
Convertible stock.—*
10
22%
7%
115% Mar
35
3%
2ya Jan
St Lawrence Corp Ltd.
110% July
29 Yn Jan
Jan
52
pfd D— .100
Roosevelt Field Inc.—.—...
Selected Industries Inc
10 y«
10
,4%
Art Metal Works...
Ronson
119% Mar
Jan'
52%
—
Rome Cable Corp common—.——.
Jan
July
33 Va
reg——. ..£1
July
6
Jan
Rolls Royce Ltd—
113
9 %
j
22%
200
1%
Roeser to Pendleton Inc———
116
pfd—.100
1st preferred——
—>100
Oklahoma Natural Gas common
—IS
4% Apr
22% Jan
700
19%
Richmond
Seeman Bros Inc...
4
30%
52%
Securities Corp General—,
Ogden Corp common
Jun
100
28
Reliance Electric to Engineering
...5
Stix Dry Goods—.——*
Rio Grande Valley Gas Co v t c_.
2y4
42%
30
—_•
Richfield Oil Corp. warrants,
Radiator...—.—
Jun
Jan
29% July
30
1%
—
19
6% Aug
Jan
Jun
110% Mar
34% May
14% Mar
26%
1%
Jun
20%
Jun
39%
~5 %
Jan
2
Jan
17%
30
Rice
Rochester Gas & Elec 6%
1%
15%
18
18
Red Bank Oil Co——————1
Reed Roller Bit Da———*
28,200
1,250
2 77,;
1%
Railway & Light Securities
Voting common—.10
Railway to Utility Investment A—
.1
Rath Packing Co. common——..*
.10
Raymond Concrete Pile common—.*
«3 convertible preferred
—
•
Raytheon Manufacturing common
50c
5% May
136
38%
33%
Oliver United Filters B—.
Jun
R
Radio-Keith-Orpheum option warrants.
Scullin Steel Co
Omar Inc
14%
2% Apr
Jan
Mar
Feb
14% Jun
19% Mar
121
Jun
17%
Jan
12% Mar
2
Aug
% July
6% Mar
13%
Feb
May
7% July
110
Aug
*Y Jan
2,300
7%
14%
"2%
21% May
Jan
7'/a
•
Jan
Jun
110
140
27,500
16%
—50
Northern Indiana Pub Serv 5% pfd—100
Northern Natural Gas
——20
Northern States Power class-A-'.
-.28
2% Mar.
250
-s—8
——
Jun
400
6%
6%
prior preferred—
-—SO
North American ;Utility Securities.—*
31
28% May
70% Mar
.
34
6%
125 lA
North American Rayon class A——*
Class B common———
•
Jun
Mar
4%
Jun
25% July
124
.
Jan
24%
75
HIi
North Amer Light & Power common—1
$8
22%
14%
——i.,
Jan
Feb
22%
%
lis
80 Va
Jan
Jun
107% 107%
16%
100
.—
9%
19'
pfd——. 100
—
63
110 y4
70
12
pfd. 100
Class B optional warrants
Niagara Share Corp class B com
10% Feb
Jan
32%
1
.
2d preferred
Nipissing
900
;6%
Niagara Hudson Power common—*.. -10
,100
5%
1st preferred—
Niles-Bement-Pond
78%
120% 123
,■
—...
NY State Electric & Gas $5.10
5%
76%
Jan
4
66%
.Y .Merchandise———,—. .10
Water Service 6%
1%
14% Mar
6
100
Jan
24%
N Y City Omnibus warrants—
N Y to Honduras Rosar<o.—. -10
N Y Shipbuilding Corp—
Founders
shares..
Mar
8%
200
—*
N Y Auction Co ..common
ll%
May
2IV4
120%
22%
1
——
12%
*—•
"III*
III 23
-
12
~9%
—100
——^
preferred..——
New Idea Inc commop
New Jersey Zinc—
N Y
Aug
7%
12%
New England Tel to Tel—
— -100
New Haven Clock .Co
——. —*
N
113
—
(Herman) Corp.—— HIIb
Neptune Meter class A———- ^—*
Nestle Le Mur Co class A*,——— ;•
t
"9
New England Power Associates—
$2
Jan
*
Nelson
6%
9
Co—
'
preferred— -100
Nehi Corp 1st pfd-...
Power
'
14%
—30c
Radio——
— —
'
■ni.
12.50
National Tunnel & Mines common ....1
National
•••
12%
13
National Rubber MachineryNational Steel Car Ltd———.
■
20%
86
50
19%
21
2,000
IV2
1%
600
88% Jan
10% Jan
114
May
14% Jun
8% May
4% Mar
50
42% Feb
2
Jan
1% Jan
Jun;
3% Mar
14% Jun
22J/a July
9% Jan
19
Jan
,
2y»
Feb
19%
Apr
82% Mar
92
83%
Jan
92
Jun
Jun
14%
Apr,
21 y4
Apr
2y4
Jun
Jan
12
H Jaa
THE COMMERCIAL &
700
EXCHANGE
NEW YORK CURB
RANGE
STOCKS
of Prices '
Sale Price
J
Berrick Corp class B
10 Ya
Co
Biiex
Simmons-Boardman Publications—
$3 convertible preferred—
common
Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis—
Sioux City Gas «fe Eleo 7%
pfd
Smith (Howard) Paper Mills——
Singer
Aircraft Co—
Manufacturing Co
Solar
-**
July
22
7%
3%
8%
5,700
1,200
2%
Jan
5
5%
2,200
4
Jan
44
451/2
42%
1,600
271/2
ya
150
27
3%
49 V*
Feb
32
Jan
Feb
▼atepir Corp
$4
46
Jan
31% May
10%- 10%
31%
Jan
Jun
Jun
Apr
Jan
12%
9%
100
300
12
12
10%
2.78
1
22%
23%
33%
22%
34%
—10
34%-
25%
25%
20%
21%
"l%
~1%
1%
5y4 Mar
Jan
26 Va July
Jan
21% Aug
500
124% 125%
150
107
125%
Jun
Jun
Jan
7,700
%
1
27
36
18 Va
1,300
~1%
Feb
1%
21
50
20%
Feb
Jan
3%
400
4%
4%
4%
Jun
,
7% July
6V4
Jan
27%
750
1%
Jun
1%
Jun
Jan
145
Jan
11 y2
1,500
Jun
114
July
ft Jan
A Jan
18
105
Jun
15%
%
lh
5,400
i/4
Jan
3%
3%
600
2%
Jan
(The) Corp voting trust cMs—1
6%
6
6%
2,300
3%
Jan
/
3%
10%
5
preferred.
500
1%
Stetson
(J
Snnnes
<
-
61
12%
'
10%
1,200
12%
11%
1,500
3
Jan
30
54
Jan
4%
5
76
11
1,400
13
100
13
7%
•
Co
9%
10
Jan
107
Mar
17
Mar
800
3
18
Jan
.
•
;
Class B
We.ntworth
Va
5%
■:
4%
4 V2
34
5%
6
12
2,100
11%
145
145
38%
38
Westmoreland
10
19%
14%
15:1
Williams
(R
&
C)
Products
Willson
13%
Apr
1
Power
Portland
&
'
Woodall Industries Inc
—.2
American
925
15%
16
100
15
Apr
500
11%
Jan
14 Va
"B"
1,100
4% May
6%
7%
2,700
3%
16%
175
14
1.200
12
Jan
23%
Jan
19%
Jan
25% Mar
14%
15
29%
15
29%
200
9
Feb
July
18%
Jan
1%
Jun
3% July
Jan
17%
Jun
31%
Jun
f
53%
53
53%
300
43
Apr
16%
i7y4
400
14%
Jan
20
10 y4
Aug
s
f
12%
32
•
pfd
12%
Apr
Amer
Writing
&
Appalachian
11
Jan
3
6s
2016
1961
or
3%8
Pow
Elec
Elec
4,800
300
6%
Jan
27%
27%
4,500
12 Va
Jan
30%
Jan
38
Jun
28%
34
10%
34%
Jan
14%
26
100
12%
10%
14%
1,700
J-J
1949
J-J
City Elec 3%s
M
14%
Jun
Apr
11%
Jun
67
July
6%
3%
2,100
Jan
6% May
100
102 %
108%
111%
123
129%
92%
38%
17
29
38 %
40%
40%
45
29
39%
57
29%
38%
40%
101
29
40%
40%
3
29
43%
103% 104%
40
40%
,
'
15
99
104%
1957
B
110%
1118
111% 111%
1
110%
112%
103% 103%
3
102%
105%
1948
J-J
75
MS
75
1927
1952
M-S
85%
J-D
1102
104%
101%
1955
A-O
1104
105 %
Jan 1966
1950
103% 106
103% 105%
F-a
IA Central States Electric 5s
A5%s
JAChicago
ctfs
Rys 5s
series
6a
1180
q-f
a-0
B
71
75
12
58%
85%
72
75%
77
59
85%
83
85%
38
68
'
Service
Cities
deb
A-O
1971
1969
1978
J-J
Mar
112
May
111
May
117
Jun
1%
1%
1%
>,
Jun
1 Va
300
Jan
2% July
Consol
series
ref
1st
4%
\
;
4%
4%
1.200
44%
46%
4,100
1%
,"1%
1,900
~8%
45
~9%
1,300
:'i
Jan
4
35%
III
.,
Jan
Feb
5%
59% May
Jan
.
2
15
Jun
Jan
12% May
12 y4 Mar
9
«
1st ref mtge 2%»
Q
ser
104% 104%
(Bait City)—
Gas
1123
.1
Realization
Qf)*
of
Yds of
Aircraft
m-s
69%
69
71%
90
69
m-S
33
38
40
55
38
9
101
103
Fuel 4s ser A——.1956
& Light 5s
—2030
MS
104
108
M-S
124%
127
& RR 5s——.—-1956
4s ser A
1st mtge
4s ser B
mtge
7 % July
8%
13%
13%
14%
5,600
common
7% May
Feb
Corp
26
Apr
Grand
West 4s—
Great Nor Power 5s stpd
Trunk
Feb
Jan
110%
Jun
%
9,000
.10
13
12%
13%
-7
common
18%
18
19
3,700
3/64
Apr
%
Jun
Guantanamo
Jan
9%
Jan
Jun
26
13% July
II
preferred.
88%
88%
50
14 % Mar,
19
Jan
45
July
86
Feb
90% July
6%
Jan
7%
Jun
'
Uhifced
NJ RR & Canal™
United
Profit
-100
..250
Sharing—
10%
preferred
'United Shoe Machinery
Preferred
I
285%
...
' 285% 285%
1%
20
1%
100
76%
450
-.10
common. ...28
275
1% Mar'
76,
46
471%
30
44
1
United Specialties common
May
73% July
...29
■
Jan
9
75
Graphite
11
liy2
300
9
1
8
common
International
11
Securities..
10%
11%
286
.
2%
11%
81
Jun
Jan
Feb
May
Feb
50
Mar
14% May
Rubber
nil
United
Wallpaper,
I500
Stores common
United
For
footnotes
2
Inc
see
page
701.
13%
13%
800
1%
1,500
1
88%
125
Apr
~2%
6
13%
Jun
Va
6%
7%
3,600
4%
2%
100
1%
20%
77
85
12
102% 102%
2
89
103%
106%
101% 102%
45
55
104%
107%
F-A
$104% 106
104
106%
105%
107
;
j-j
107
$101%
74%
.74%
107
2
92
...
74%
a-o
$104%
a-0
$103
B_.———1957
1950
1st lien & ref 5s—.
.1963
Indianapolis P & L 3%S
1970
{International Power Sec—
A6 %s
series C
1955
A6V2S (Dec 1 1941 coup)—1955
1st
& ref
2%
Feb
91%
Feb
5%s series
Seivice
5s—
m-s
104
j-j
103% 103%
—,—
—
A 7?
series
A7s
1941
A7s
coupon)
F
(July 1941 coupon)
Apr
Jan
Jan
9% May
4
Jun
Interstate
Power
Debenture
Altalian
5s——
6s—
Superpower
6s
2
67
101
77%
104%
106
104%
105
3
102%
105%
3
102%
103%
17
102%
105
106
109
—
—
Jersey Cent Pow & Lt 3%s
Electric
j-j
2%
5,100
12
Jan
2% Aug
Kansas
6%
10,200
4%
Jan
6% July
Kansas Gas & Electric
—
$54
30
58
54%
56%
26
56 %
54
56%
3
62
28%
63
37
60
63
j-j
55
54
56%
33
37
60
55
1952
1966
6s.'.——2022
Power 3%s
2%
5%
104% 105
$106% 107%
31
1957
1952
—1965
304
56%
¥-\
1957
—1952
1963
104 %
j-d
1957
E—^
(Aug
series
F- a
m-n
Jan
Jan
Jan
83
2%
~7%
_«
Reclaiming
8 Va Mar
1%
13%
"l%
warrants..
Radiator common
3,300
88%
•
"
preferred with
Power Co—
Illinois
A 7s
Co class B
.
$106% 107%
j-d
—
50%
j-j
j-d
B__,
series
6s
—
$51
j-d
3%————.1963
Jan 1949
—Jan 1949
26
80%
.
105%
105
j-j
6s
—
1953
& West 6s——1_1958
Hygrade Food 6s ser A.—
Indiana
Co Ltd—'
rets ord regis
7
Jun
38
15,500
—1969
1953
A.——1948
1950
—.1950
Grocery Store Prod
Mountain Pow
101% 101 &
105% 106%
$80%
a-o
5s—...——
Serv
AGeneral Rayon Co 6s ser
20
United Light & Railways—
Milk Products..
1st
Pub
General
Green
'United
participating
3%s A—
Power
Gatineau
15% July
95%
ft
101% 102
U27
—~——1961
71
Stores.
United Elastic Corp
'Airier dep
9% Mar
'
■
Ciear-Whelan
Molasses
Jun
59
106
^Residential Mtge Bank— /
stamped
5s
F- A
Jun
22
$5 preferred
'UVutea corp warrants
Gas
Jan
Power
Water Lt
Finland
100
10
>
& Western RR—•
•Lackawanna of N J Division—
Feb
7%
61
106
1993
1993
Delaware Lackawanna
Jun
6% July
61
101
101%
4
2%
4y4 Mar
6% July
1
124
41
F-a
10
1,000
2,100
.100
Hi}*-.
5% Mar
3%
5%
;
Omaha
Products
Chemicals
2.700
3%
5%
Canada
Union Investment Co
iUnion Stk
8%
8
7%
-10
105%
120%
125%
A-O
Elmlra
5%
.10c
109%
1958
Electric
8%
Corp
Manufacturing Co
110
103%
5
1954
Eastern Gas &
U
Udylite Corp
"Unexcelled
106%
106%
109
'
•.
•
2
1107
J-D
mtge 4%s
Gen
1st
S
P
105%
Continental Gas & El 5s
14% May
7%
ser
106%
103
Apr
Apr
1
12
V.
P
N
mtge 3s
106 Va
104%
(Bait)—
& Pr
El Lt
Gas
3 %s
103%
1
107% 107%
J-D
91% July
71 Va
107 Va
2
105% 105%
105%
80
105'/a 105 %
104 %
A-O
10
2
90%
103
104% 104%
103% 104%
M-S
1969
t-:\
U S
5s
5s
1958
10
preferred
113%
121
180
J-D
5s
30
86%
Inc
convertible
,
170
1998
:
5s
109
1%
Tung-Sol Lamp Works
118
119
108%
1962
1970
6s
2%s
Debenture
116
85%
warrants
43%
110% 110%
M-N
-43%
1954
Edison
Consolidated
Tri-Continental
42%
105%
J-D
Debenture
109
-10
42
} 105 Va 106%
M-S
1% May
116
__1
102
42
38%
100% 102
100%
104%
13% May
!l00
—•
Corp
109%
29
MS
^1964
C
Bethlehem Steel
Boston
Conv
-.1
109
110%
108% 108 %
1127
130
F-A
1% Mar
_
104
106%
107%
108
40%
12 y4 Mar
preferred
101%
1
109%
104%
40
1960
series
5s
High
49
1977
Bickford's Inc 6%s
.100
Edison 6%
Low
Telephone of Canada—
series
Range Since
January 1 ;
106% 108
1100% 101%
1955
5%s
deb 5%s A
T & T
Jan
9%- Jan
Jan
7%
400
11
5%
6i/a
Transwestern Oil Co
$5
May
4ft Jun
108
a-o
—1968
5s
deb
AConv
Low
108
108
F-A
1950
AConv deb 5s
Jun
121
Jan
9%
Stocks
Exports
preferred
Trans Lux
U 8
15
Jun
25 %
19% Aug
61
Shipyards Corp
U S and
Feb
14% Aug
12% Feb
Co—
4%s
A Debenture
Sold
NO.
tl08
a-0
2024
—1953
4%s
Gas &
J-J
deb
1st
21%
Bonds
1102% 103
m-s
5s
19%
Friday's
Bid & Asked
3-D
1970
6s
Paper
J-J
1948
Feb
~7% ~7%
dep rets ord regis
dep recs def reg
Foil
Jun
6%
Week's Range
J-J
4%s
Jun
■
U S
Aug
11
111% Jun
Jan
M-S
deb
7%
116
1
Tonopah Mining of Nevada
'
8% Mar
9% Aug
'
4
16
Jan
400
J-J
AConv
33%
~7%
1
Product
United
Jan
10,200
Last
1960
Elec
lAssociated
Jan
Tobacco Security Trust Co Ltd-
d
15% Jun
4 Va
Sale Price
1950
Appalachian Pow deb 6s
Jan
500
B
common
Allied
&
Tobacco
■'United
Jan
12%
12
3%
4
1970
-
Lt deb
Pow
27%
32%
20%
2
Inc
Tobacco
Unikdd
Feb
Jan
Co.—
Cincinnati St Ry 5%s A
United
14%
21
Jan
300
Friday
f debs
s
Amer
.
Feb
32
100
.
Realty & Construction
"United
Jun
21
Jun
:/■■•
2,500
9%
9%
Interest
Exr.hang*
debs
s
2%s
5%
1
•
common
Co
Curb
debs
3%s
3%s
53% Aug
1|
1
Shovel
York
Associated
!
17%
•
.
Oil Corp
Roofing
•nvhnn
July
11%
:
14%
13
14
AConv
Textron Inc
Ulen
Jun
164
May
Feb
High
Feb
16%
common
Technicolor Inc
\
May
14% July
40 %
5
9%
•
American Gas & Electric
Jun
6
7%
•
_1
(Texas Power & Light 1%
Texon Oil & Land Co
.
6% Feb
113
30% July
6
Period
New
Feb
14
5%
7%
♦
Taggart Corp common
Electric Co common
,*■
May
'
Jun
110
8a
receipts
deposit
Hargreaves Ltd
Jun
5% July
35
—
]
Woodley Petroleum
Woolworth (F W) Ltd—
Wright
14%
-
10
Cement
Jun
Jun
29%
13%
•
Light 7 % pfd—100
Wolverine
14%
114
Jan
19
-
'
Inc
8% May
v
14% July
25
1.200
Feb
54% May
14
•
Tampa
80c
Jun
27%
650
38%
12
Winnipeg Elec common B
Bell
Trynz
Jan
28
10
;
Co
Wisconsin
Feb
]
Oil Corp
River
135
20
19%
15
Wichita
Inc
Shoe Mfg
Weyenberg
Jan
Mar
:
•
20
Maryland Ry 1%
Western Tablet &
Atlantic
j.-w
Apr
14%
Jan
9
__
8
1st pfd—100
Stationery coDi—
*
Western
4%
1,000
11%
111
•
Coke
&
700
27%
30
34
.1.28
Utility $6 preferred
Coal
4%
8
Manufacturing
Texas
West
26%
27
•
Mvlls
Knitting
West
Assoc
Toledo
Apr
12%
Jan
900
■'
100
preierred
Bond cla»« A
&
Wayne
Portland Cement—
Swan Finch
Todd
6%
82%
.
Jan
5
200
7%
•
7%
Jun
16
8
$3.30 "A" part
,l-7%
Jun
11% Mar
Wagner Baking voting trust ctfs ext..•
bonds
22%
16
6
1
1
Sn,n Ray Drug Co_
Amer
Feb
3% July
Jun
Jun
53 y4 Mar
1
Sullivan Machinery
Amer
Jun
98
Jan
75%
Jun
Va
10%
W
Aircraft
July
68
16% Mar
20
Corp
7/a
Jan
•
1
Stroock (S) & Co common
Superior
17
60
Co common
B)
Hugo l
17
•
-
1st preferred
5% 2d- preferred
Sterling Aluminum Products
Sterling Brewers Inc
Sterling
Inc
*
i 80
Jan
92
25
1
Petroleum
6% July
6>
TLshman
•
Jan
3% Mar
(A) & £o common
Sterchl Bros Stores common
Thew
Jan
7%
July
%•
33/8
Stein
Tilo
65%
800
Westmoreland Coal
Mar
17
1,400
J;
Jan
64
Jan
4% May
it
Feb
14%
Apr
5
600
71%
•
Jan
11
July
x51%
6%
6%
725
96
Feb
4%
6.300
9%
96
Manufacturing
Waco
May
135%
29% Mar
8y4
Mar
4%
9%
3%
5
76
1
common
eonvertiole
Venezuelan
Waitt
Jan
134%
Jun
79 %
•
96
Jun
5% May
30 y4
.
;
Jan
9%
:
May
—-
Steel Co of Canada
Class
$5.50 priority stock
Jun
31
9% Mar
Jan
7%
4
77
9%
24
Jan
3
29%
Feb
26
150
6%
Jun
1
Products Co
Standard
Starrett
Utility Equities common
Apr
417/a
*
——
*
1
——1
Standard Silver Lead
Standard Tube class B
i
2,500
8%
,
Preferred
f
8%
3%
21%
78-
Aug
2,800
28%
4
>
Apr
17% July
Jan
4%
4%
•
1
lOo
1
Products
24%
Mar
12%
Jun
19 Va
Jan
.8
27
common..—1
$1.60 convertible preferred—.
20
Standard Oil (Ky)—;
—10
Standard Oil (Ohio)—5% pfd
100
Standard Power & Light—
r—1
B_
Radio
High
LOW
;
18
.
Light $7 preferred
Power &
Utah
Jun
113
Jan
5%
Standard Dredging Corp
Common class
10%
Co
sugar
Utah
Range Since January I
High
Jan
6%
Feb
3%
45
Shares
Mar
6%
Jan
8%
—*
Shoe Corp——
Sta'hl-Meyer
Inc..
Standard Brewing Co
Standard Cap & Seal common.
Convertible preferred
4%
8 V2
■
50
(A G) & Bros pfd
Spalding
36
370
9,000
17%
15%
16%
10
8
Royalty Co.
Spencer
Jan
3
Apr
267% Mar
Utah-Iuaho
Feb
July
16% May
12% Mar
Insurance
Universal Products
Apr
—
B
Universal
Vogt
Line
Pipe
Apr
26
19% July
England Telephone..100
Phosphate Co——
:—10
Southland
21%
800
5%
Class
116% July
Jan
110
New
Southern
121%
Jun
100
Manufacturing common.
*
South Coast Corp common..———-1
South Perm Oil
28
6outhwest Pa Pipe Line—.
—10
Southern California Edison—
5% original preferred
28
6% preferred B—__———
28
5 V2% preferred series C
-23
Southern
Jan
130
3301
312
5%
Soss
Southern
102%
200
3%
3%
3%
330
Universal Cooler class A
18%. Jun
114%
125
13
for Week
—10
*
;
*
IB
•
Oil
Universal Consolidated
Jun
10
32
•
--1
-100
——J
}
i
Corp—
5%
500
20 Va
—J
■■
Jan
20%
13
Sales
Range
of Prices
Low
7% July
12% July
3y4 Jan
15% Apr
500
115% 115 %
common
Sonotone
4%
17%
113 % H4
.-25
*00
•
Simplicity Pattern
Soldr
4%
800
17%
4%
—®
Mining
Shawinigfin Water & Power
Bherwin-Williams common
4%
preferred:
Sherwin-Williams of Canada
Sick's Breweries Ltd
Dena
SnaccucK
Week's
Last
Exchange
Curb
York
High
Low
5% Mar
Beton Leather common
Friday
Sale Price
STOCKS
New
Range Since January 1
Shares
High
Low
Par
AUGUST 10
for Week
Range
Last
Exchange
Curb
York
New
FOR WEEK ENDING
Sales
Week's
Friday
Monday, August 13,1945
FINANCIAL CHRONICLE
54%
56%
21
31
63
100% 100%
33
97
102
100%
j-j
85%
83%
86%
18
71
j-j
52
52
52
4
37
106
106
106
3
m-S
j-d
$104
m-s
$118% 120
107
——
90
61
105%
107%
104
105%
116%
120
EXCHANGE
NEW YORK CURB
Week's Range
or Friday's
Friday
-BONDS
Last
Interest
Curb Exchange
York
'
Low
High
1st
ref
&
Gas
Amsterdam
New
deb
New
5s__
England
Power
103
106
103
J-D
J-D
*103% 105
103 ft
Service
*107
106
114
117
M-S
ui4%ii6ft
—
*105
52
88
17
88
Jlf-N
93%
92%
94
59
88
M-N
1948
A-O
„
109ft
101%
1031/4
92 ft
102%
106
106
1948
F"A
302ft
F-A
103%
106
"106ft
102ft 102ft
;:i
•
3
63
J-D
*106Vi 108
71ft
of
Service
106
F-A
my4112
M-3
1964
2030
Traction
1061/4
106
109 ft
41
.109
Estate
Real
ASchulte
A
109
101
101
1021/4
103
101%
106%
105%
109
101
M-S
103
J-D
106ft 106ft
101
20-year
105
103
151
151
Danish
Curb
1st
Gas
Counties
Southern
Gas
*108% 109
1061/4
M-S
*126
126
127
J-D
*99
90
92
A-0
96
101
—
—
99 V'a
99 ft
M-S
106 ft
106
106
(A G)
Spalding
L
&
P
Gas & Electric—;
(stamped)
Conv 6s stamped
$85
6s
F-A
98%
—
F-A
—
M-S
■?_-
M-N
90 ft
105
—
J -J
$29
■
19
9lVa
''37''
19
16%/f,20ft
38% °45%
—
M-N
1951
J-D
*33
M-N
*48
37 ft
35
<
'361/^
-
.1947
45
*48
*17
22
J-D
*88
M-S
*44ft
46
-2008
J-J
*42 ft
46
*35
38
V
*
M-S
-1959
49
>22-
22
90
-1958
"45
46ft
A-O
ARio
108 ya
(State)
75
A-O
103%
103% 103%
24
96%
'
'87
reduced
2J/8S_
to
6y2s
—..
103 y8
103% 103%
9
96%
,3
..
-4
37%
46ft
36ft
37ft
to Plan A
2%
-2012
J-J
6%s
_1919
J-D
9%
8ft
9ft
199
sy*
22
-1921
J-J
9%
8%
9%
92
6%
21%
to
reduced
Government
105
19
4G%
38% '
105%
A-O
-
pursuant to Plan A
Janeiro
ae
Interest
103%
100.
21
7s
Stamped pursuant
104%* 109
1951
F-A
103%
103% 104
96 ft
105%
J-D
103%
103% 103%
9
96%
105
F-A
103%
103% 103%
51
96%
105 ft
1957
F-A
11
96%
105%
.1950
A-0
6s
.
."'90%
■
$43 ft
J-D
Interest
1957
debentures
Btandard Power 81 Light
AStarrett Corp Inc 6s
'
80
v;
33
*17
M-N
-1931
101
106 ft
.
103% 103%
103%
'
■
76
M-S
2008
(issue of Oct. 1927)
Stamped
105%
891/4
20
99
*107%
*108
109%
.
//
*
/
Plan A
to
to 2VaS
stamped
Mortgage Bank of Chile 6s
ARussian
May 1948
May 1948
gold
; 71
■).,
109%
Dec 1 1966
6s
Debenture
71
28%,4i32!-
7
91
*85
Mortgage Bank of Denmark 5s— -1972
107%
•
6s_
Debenture
28%
F-A
1958
A5ft8
6s
71
28%
M-N
'
Standard
~5
71
28%
;
:U
106
—*105% 108
J-J
—1989
5s—
'1•'
65%
■
1952
7s
7s
AParana
1951
1970
2022
8s
Low >sHigh
63
.1947
A 7s
(Calif)—
Southwestern Gas & Elec 3 Vis
January 1 >'
*71
J-D
6V2S stamped_1958
(Peru)
City
Mortgage Bank of Bogota—
A7s (issue of May 1927)
105%
106% 106%
A-0
—1971
Southwestern
Rang^ 3>.friee
Sold
No.
Low
:
.1953
5s
AMeaelliu
106
1963
1970
4s
Rys
Indiana
Bonds
Friday's
109
J-D
3s
mtge 3s
Southern
or
Bid & Asked
J-J
1955
5fts
AMaranho
107
106ft
106
3 Vis
California
Week's Range
Last
A-0
Jan 1947
of)
1948
Bank
Mortgage
Valley 7s
Port & Waterways—
AExternal 6y2s stamped-.
A
California Edison
Friday
Interest
Exchange
April 1946
Interest reduced
104ft
1951
Southern
1947
Danzig
158ft
1951
Southern
116ft1ll9 "
/
1937
:
7s
7s
(see
ACauca
106ft
151
A-0
1952
Scullln Steel inc mtge 3s
123
110
1959
/
A20-year
*103
M-N
1952
1979
6s
*118
1
70
107%. 109 ft
105%
Agricultural Mortgage Bank (Col)—
114
ALima
6s 3
2
High
Jersey—
Joaquin Lt & Pwr
Ban
53%
13
Period
106%
2
107
J-J
York
Extended
Water 4fts—
Harbor
Safe
115% 1116 ft
109
109
2
:
1950
1959
A
'li2%
3
68 ft
67
*107
J-D
1960
5s
Newspaper Union—
s f debentures
Stamped pursuant
series
110
107% 107%
68 ft
J-D
BONDS
Queens Borough Gas Si Electric—
5V2S
* 106%
3
110
A-O
'
107
107ft
107
J-D
*107 ; }
115% 115%
115%
M-S
3y2s
5s
Rys Co 5s stpd
Stamped 5s
108
105%
107ft
J-J
——
1954
u
Power
Electric
New
104ft
11
105% 106
1964
1949
New
103
101
Foreign Government & Llisnisipaliiies
Co—.
certificates..
3
28
721/4
Public Service Co of Colorado—
perpetual
M-N
.—.2022
conv
Bogota
6%
>103%
105
103
*106
Public
.
107%
3
M-N
3V2S
Sinking fund deb 4s
.'iii/':
•
A
dibs
income
101%, 103 ft
71ft
M-N
1st mtge
i€9
—
109
103 ft.
103
1979
stamped extended
Power Corp (Can) 4y2s B
*109'/a
109%
1051/4
"3
1977
5s
Light Co-series
,4
.
—:
IA York
106
106%
106
Penn Central Lt & Pwr 4fts
Portland Gas & Coke
Co—
1952
6s
Penn
6s
106
11
106
1105
J -J
Pennsylvania Water & Power 3%s_1964
3 Vis
1970
Philadelphia Elec Power 5fts
1972
Philadelphia Rapid Transit 6s
1962
-
5fts
cons
Water
Western
A
2
97
97
F-A
108ft
105ft
987/a
J- J
A-O
4s
A
Penn
West
105%
1051/4
*102
V.:
104
1021/4
J -J
A-0
A5s
West
10iy4
v
1962
J
N
& Power
&
series
Wash
108
18
iyb4
1968
1971
•
—
*105 ft 106
,
Waldorf-Astoria Hotel—
95%
35
2004
5s
110
957/a
103ft
103
1955
1964
1st
F-A
„
;.55 '
27
103y4103%
101
101%
6s
957/a
ft
1017/a 102%
*105 ft 108 ft
5s
A-O
i
3fts
Utah Power &
107 J/a
:• $107%'109 ft
—
102 ft
M-N
redeemed)_1948
Light
&
Power
A-O
Light
January 1
Low \ High
110 ft
108%
112
94
„
Park Lexington 1st mtge 3s
Pacific
.1959
United
Debenture
94
Oklahoma Power & Water 5s
J-D
108%
108
93 y4
4s
1949
Electric
1st lien
107
J-D
93%
3s
Public
J-J
Edison
108%
101%
94
mtge 3y4s
1st
mtge
1st
Ohio
105
1
1954
A5j/2S series A (21%
Ohio
64
6
94
Westchester Ltg 4s
&
6
J-D
North Continental Utility Corp—
A-O
1968
United Lt & Rys (Delaware) 5fts_1952
United Light & Railways (Maine) —
> 78 ><
76
75
„
*55%
1946
Toledo
Range Since
Sold
No.
Low
./
■
.
Bonds
Bid & Asked
Sale Price
' /,Period
r
Week's Range
or Friday's
Last
Interest
104%
107-107
J="
75
•
-
M-S
N Y State Elec & Gas 33/4S—
Y
-
•
'
Exchange
Stinnes. (Hugo) Industries—
A7-4s 2nd stamped
107%
102
J-J
Debenture 5 tea
N
•'
A-0
M-S
Curb
High
106 ft-106 y4
103
103
„
,
1961
3V*&
Power
England Power Assn 5s
New
> >>
,112
1057/a
1948
1950
—
York
High
110
1
110 y2110 y2
tioey2
*106% 107
1947
5s
Conv
January 1
Low
1948
5s
El Assn 5s_
New Eng Gas &
—
'
4fts
Sold
Friday
" /".'BONDS
New
United
•
F-A
1963
1967
1978
1955
——1981
2022
A
series
6s
V.
—
!
A-0
,
5s
Nebraska Power
CJ
J-J
1910
1966
—1948
Kentucky Utilities 4s
Lake Superior Dist Pow 3fts
McCord Corp 6s stamped
Midland Valley RR—
Extended at 4% to
Milwaukee Gas Light 4ft«
Minnesota P & L 4fts
'
J -J
1969
Light 3fts
Kansas Power &
AUGUST 10
Range Since
Bonds
No.
Bid & Asked
Sale Price
Period
WEEK ENDING
FOR
RANGE
New
701
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4411
.Volume 162
103% 103%
75
72 ft
'tmmm /V:'"
•
4
,
81
58
sale,
11 Under-the-rule gala.
sales being transacted during current week.
■//>■■■'/"'•••/ ;i-'
JFrlday's bid and asked prices; no
ABonds being traded flat.
i/
e Odd-lot sale.
<1 Ex-interest,
value,
a Deferred delivery sale.
x Ex-dividend.
•No par
rCash
SReported in receivership.
-
'81 '*
'
,
.
'.II
certificates of deposit; "cons," consolidated; "cum/r cumula¬
Abbreviations used above—"cod,"
(Hugo) Corp—
A7-4s 3d stamped
r
A Certificates of deposit—
Stinnes
J -J
1946
*55%
301/4
—
55 ft
tive; "conv," convertible; "M," mortgage;
"n-v," non-voting stock; "v t c," voting trust certificate!
"ww," with warrants; "xw," without warrants.
"wi," when issued;
OTHER STOCK EXCHANGES
RANGE
FOR
WEEK
ENDING AUGUST 10
Week's
Sales
Last
Range
for Week
Sale Price
of Prices
Shares
Friday
Baltimore Stock Exchange
STOCKS—
Par
Week's
Friday
Last
Shares
Low
Par
Arundel
22%
5ft
Corporation
Bait Transit Co
Preferred
Consol
t
c
L
E
&
Finance
com_—_
.„5
pfd vtc.
A
.100
Maryland & Pa RR_
Vernon-Woodbury
Mills
Mt
.100
com,
Preferred
2
Jun
116ft
Jan
13%
Feb
14
Mar
27%
Jun
30
Apr
6%
1
Feb
2.75 May
6%
147
3V4
Jan
15 ft
5%
15
106 y2107
16
87 ft
Feb
Aug
27 ft
28%
72
26
Mar
July
29% July
42
28%
42 ft
15
38
Mar
45ft
■
.
-1
-
A_
B
.1975
81 ft
.1975
—;
—;—
107
Jun
'■
83 ft
$12,400
70 ft
86%
5,000
76
Apr
100 ft 100 ft
500
100
Jun
86%
.1975
86%
Apr
91
Jan
Boston Stock Exchange
Friday
SS
Eastern
&
Carpet
6%
Elevated
Herald
1
—
Maine
Corp
603
9ft
29
Jan
19%
.
41ft"*
129
40 y8
19%
*
Isle
Jan
115%
Jan
127
2,261
74
74
75 ft-
27 ft
27
27 ft
37
class B
7%
class
1st pfd
1st pfd
stamped
class D 1st pfd stamped
footnotes
see
page
708.
100
78
78
16 ft
16%
Jan
149 ft May
20 V2
132
42%
July
Jun
69 Vb
Jan
81
Jun
90
23 ft
Jan
30
July
100
81ft
600
60%
Jan
90
•17%
240
11
Feb
19 ft
10 ft Mar
17
17ft
14
22
14
236
17 ft
18%
405
•
-
-'
July
59 ft
Apr
10
96
109
Feb
85
200
71
Jan
87
Mar
16
16 ft
200
14%
Jan
21% Mar
Apr
Jun
14
14
14%
475
12
33%
34ft
161
31ft
Jan
36
23
24%
186
16
Jan
27%) Jun
47%
48%
372
42%
Jan
51%
41%
43%
725
37%
Feb
44%,May
15%
15%
350
13% Mar
17% Jun
2%
2%
510
1%
Jan
2% Jun
36
37 ft
316
35 y8
Jan
40 ft I Apr
18
18
19
17
Feb
10
95
5%
Jan
12 ft
Jun
10
41ft
Jan
62
Jun
—1
48 ft
—
;>•
—
Theatres—
Boston
Central RR
preferred
Util
Associates
vtc-.
—__
Linotype-
Mergenthaler
25
—;
common———100
—__——100
-j.
Service
1%
50
14% Aug
May
1
67ft
67ft
20
64
1
——*
'...
'
■
V.
i>Apr
Jun
...——-
14
14
19%.
17%
19%
25c
24c
115
14
5
26c
_1
New
England Tel & Tel
Butte
Northern
Mining—.
——100
—2.50
49c
RR
(N
100
H)
129
Old Colony RR
Pacific
—
Pennsylvania
Apr
July
100
•J
lift
Hole
52%
53 %
35%
1ft
315
13
115
——10
—-—t—100
2
2
2
2%
2%
2%
Shawmut Assn
——
*
15%
,
: 2%. Jun
71%,Mar
16
*
Jun
Jan
le v's
Jan
22% May
July
Jan
Jan
Mar
49c
jt
Feb
124% Jun
72c,
130
,
Feb
Aug
38 ft Mar
686
1%
36%
1%
12%
Apr
;»■
5- ; May
54%!. j,un
33ft
40%, Jun
30c
55
36 ft
_*
Mach
Button
Folding Machine
RR 7%
pfd—.
Rutland
30c
115
1,150
53 ft
50
Reece
109%
160
6
129
Jun
Jun
(
25
RR
Quincy Mining Co
7ft
22c
2,003
55c
—*
Mills
ft
15%
265
3,952
121ft 123ft
49c
Jan
im Jun
.
i
1
Assn Inc_
Cos
' 48
48
1%
>'"••'
National
9ft
—
Jun
220
12%
-100
■
Copper
Reece
—__100
stamped—
99
Jan
Jun
Jun
Feb
41%
Feb
47%
34%
Nash-Kelvinator
29
17
130 y*
78 ft
50
15
Narragansett Rac'g
Jan
July
36%
130
'■
■
50
55
84
84
__
•
Royale Copper
31% July
Jan
60
'■■
97 ft
100% 100%
100
100
100
Lines Inc common
55%
184
Jan
25
148
ft
24ft' Juh
:
High
RR—
prior preferred
8%
For
245
33
29% July
45% Aug
156%
19 y8
Jan
55
.i.
Gillette Safety Razor Co.
North
100
100
•
Ry
Traveler
1%
10%
22 ft
317/8
19
_25
Boston
C
20 y*
148
Inc
Albany RR_
Boston
&
20
1,864
pfd—100
Edison
Boston
30 ft
45%
*
Bigelow-Sanford
Son
22ft
—50
—
40
30ft
Apr
16%
95
Electric
General
Mass
Range Since January 1
Low
178% 180 y8
178 ft
6ft
6
'
100
100
:
Employers Group Assoc..
Engineers Public Service
National Stores.L-
5%
High
45%
lOu
—•
Copper
&
Shares
Chemical——•
10O
Tel
Woolen
Boston
of Prices
Low
316
Associates—
1st preferred A—
preferred B
«.
preferred adjustment
Loew's
for Week
Sugar Refining——
American
Boston &
Range
Fflf '
'■
Anaconda
Bird
Week's
Sale Price
sTocKs-
Tel
Feb
6%
6ft
Eastern Mass Street Ry—
Maine
Sales
Last
American Agricultural
Fuel
&
Gas
Kennecott
American
>July
9
19 y8
'
1
'i
American
60
Jun
Jun
103 ft.
-
>>■>'
17% Jilly
Feb
5
10
preferred
6%
28
136
/.•■> /.%
/>:">'
Eastern
100
13
is/.
Jan
41
Service
Cities
14
2.50
13ft
165
Jun
40
345
58
First
Baltimore Transit Co 4s—
series
Aug
7
28
2.30
.
series
Feb
115
23V4July
Apr
14
~5u
O S Fidelity & Guar—
5s
20
6
2.75
V High r
16%
56 ft
_
Hecla
&
Calumet
27%
i4
2.30
-100
—
New Amsterdam Casualty—
5s
20
115
115
115
__25
Houston Oil of Texas 6%
Bonds-—-
32ft
32ft
16
Low
16%
-100
Trust-
Prop
Boston & Providence RR
4ft % prior preferred
.100
—
Amer
of
Co
High
Jan
1,137
802
Power—
preferred B
4y2%
Low
22%
5%
5%
.100
t c
v
Gas
v
common
Range Since January 1
High
21V4
Personal
Boston
for Week
Sale Prlc©
STOCKS
Range
of Prices
•
Range Since January 1
High
Low
Sales
Jan
Jan
1 ft Aug
'
12%
Jan
3%
Feb
14yg Mar
15
1%
Feb
2j/2 July
700
1%
Jan
3ft
370
14%
Apr
Jun
16% July
THE COMMERCIAL &
FINANCIAL CHRONICLE
Monday, August 13,1945
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING AUGUST
Week's
Last
of Prices
Sale Price
STOCKS
>13%
Stone & Webster Inc——
Suburban
•
Securities
Elec
!•
United Drug
Inc——
Fruit
United
,
er'
preferred
——.
■
U 0 Rubber——,—
.19
Vermont & Massachusetts Ry Co.
00
Waldorf System, Inc
Warren (S D)
Co—
7V4 May
41% Jun
Line
32%
19'/a
190
55
30
Jan
15% Jan
35
Jun
21% May
McWilliams Dredging
.—
850
500
800
73% July
45 V2 Jun
54%
158
51% Jan
137'
137
—
46y4
31%
—7
20
34
Feb
130
45
35
15%
46%
36
137
13% Jan
38
common———.
Co
8%
8%
1,400
8%
9%
400
17
17%
300
13%
13%
50
25
25'/a
109% 109%
900
00
11%
400
1,400
1,000
13%
~*
13%
-2
25*
Bancorp common--,—
Nor.West Util 1% pfd
.
12
100
33
4
62%
xl4%
.
'
14%
;
.
00
.
40
400
13% Mar
300
15 % Mar
50
26y»
26%
50%
50%
•
,
17%
400
Jan,
Feb
4%
Jun
65% July
Jan
17%
Jan
4% Feb
14% May
2% Mar
34%
33
-
r'26%
-•
48%
17%
33
—.
400
Jun
15% Jun.
Jan
250
63
Jan
Jun
110
14%
Jan
4
59%
-1
Northwest.
100
35
4
-•
common-
13%
35
—
>
Cylinder Gas common-—.
Car
17%
26
10% Jan
2% Jan
North
American
Jan
14% ,15%
3%
3%
National Pressure Cooker common-
National
3s
American Tel & Tel conv
Jan
18%
11
3%
10
May
Bonds-
13%
15%
50
Apr
9'/a Aug
18% Jun
13% Mar
11%
Co common.
&
9%
Jan
-1
common—
Monroe Chemical Co common——.
Ward
5%
108% May
8% Apr
—
Mfg
High
7% Jan
-J
vtc—
$1 prior preferred———--
Montgomery
Low
8%
—
common
Range Since January 1
High
-*vv- P 9%
com——.
■
Corp
Hart Inc
&
Modine
July
Low
common
Food Prod com-.,
capital
West
Middle
Miller
46% Aug
31% July
735
Field.
Mickelberry's
^6% Mar
Jan
Co
4% </o„ preferred
61% Jun
Mar
90
Material
Ma rshall
106% July
80% May
50
Apr
52%
__
%
Westinghouse Electric Corp—
4%
76%
46
15%
_*
Shares
~5
Jan
74%
—
■
for Week
-7
35% July
30
46
„
_•
—
■
,
Libby McNeil & Libby common
Lindsay Light & Chemical com—_
15% Jun
30%
17%
76%
25
490
104% 105%
105
.25
Sales
Range
of Prices
'flf
High
Low
10% Jan
135
,
—
Co-—————
United Shoe Mach common¬
Range Since Janoary 1
6%
38%
6%
32%
-5
Union Twist Drill——
STOCKS-
38
38%
-
13%
13%
•
com—
Co
Torrlngton
-
Week's
East
.
High
Low
>0f
Friday
for Week
Shares
Sale Price
Sales
Range
Friday
10
15% May
39
July
19
.
^
Apr
23Va Jan
Jun
43
20
26%
58%
Jun
Jan
Omnibus Corp common——————6
Chicago Stock Exchange
j
Friday
Week's
Range
for Week
of Prices
Shares
(The) common——-30
Co
Peabody Coal Co class B com—
—5
6% preferred. ———100
Penn Elec Switch class -A—--—-10"
Sales
Last
•
Parker Pen
-
j
,
Sale Price
STOCKS—
•Acme! Steel
Jan
18V4
Jan
15% May
7%
Jan
10% Feb
8%
Jun
liy8 Jan
Rollins
250
100
100
16%
Feb
19%
39%
Jan
49% May
158%
Jan
1,300
6%
Jan
180% July
10% July
Co common——*
Schwitzer Cummins capital———.—1
Berrick Corp class B common——1
2%
27/a
2,700
8%
9%
450
5%5%100
7% -8% ; 1,800
l7/a
Jan
16
11%
12%
8%
7"%
8%
8y4
8%
17%
17%
Advanced Alum Castings
Aetna
*->
7 Allis Chalmers Mfg Co—
—-*
American Tel & Tel Co capital—1—100
Armour & Co common
—;——5
Allied Laboratories common—
I
17%
45% 45%
178% 178%
8%
9%
■
—
9%
•
Pressed Steel Car common—1
10%
27%
12
Corp
15%
Apr
27% May
Jan
Rath
Packing common—.u—
2%
9%
Apr
Automatic Washer common——-—-3
—
-..,.3
Aviation Corp (Delaware)
8
3
Jan
5%
Jan
*
Electric
Signode Steel Strap—
(new)
—
South; Bend
Lathe Works capital—i-5
Spiegel
6% May
Jun
9%
common—-———-2
Inc
Mfg Co
41%
41%
29%
6%
18
capital—.—*
Wire class A pfd—._*
Brown Fence &
•
Common1
•
18%
———————10
Brothers
Butler
—
r
Standard Dredge-
100
350
100
30
7%
187#
21
50%
common-——
50
550
30
21
50%
12 %
41%
30
—10
Bendix Aviation Corp common——5
Berghoff Brewing Corp—————.1"
Borg-Warner Corp common———5
Belden
30
20%
50%
12
,
Standard
Castle
Cent
common——-10
(A M)
Co
&
Illinois
pfd—
Pub Serv 86
; Convertible preferred
*
—
17%
—
Oil of Indiana capital—25
Sterling Brewers Inc common——1
Stewart-Warner Corp common——5
Bundstrand Machine Tool common—-5
250
250
2,300
28
28
105% 106
2%
2%,
106
2%
.*
Corp common-,.——1
111 Secur
—-———_1
Common
Swift & Co
208
(The) common-
Co
100
80
200
United
100
17%
25
capital——-—
25
South La Salle Street Corp com—*
Trane
Central
—•
•
-—
Sinclair Oil Corp—;
St Louis Nat Stockyards
Bastian-Blessing Co common-
4
Mills common—
Hosiery
Sangamo
3% May
9% Feb
7% Jan
10
Raytheon Mfg Co 6% preferred——5
Common (new)
————50c
Common
—1
Athey Truss Wheel capital————4
Asbestos Mfg Co common—
capital————50
RR
Pennsylvania
High
■
3,300
350
150
27%
—
common————1
.—-—5
Bail Bearing common———*
Admiral
tour
100
50
25%
16
Co common now——25
Adams (J D) Mfg common
1
Range Since January 1
i
High
Low
ear
•
U S Steel common—
Light & Rys w 1————
Utah Radio Products common--.—.—1
Utii
lien
Prior
121%
Preferred
140
4
,——•
-—-—
3%
4*
121% 1221
140
common-,
-.—500
preferred————.
>
Central S W
18%
Pr & Lt preference—*
Central States
145
14 y2
2,550
80
Westinghouse El & Mfg com (new) 12%
18%
Chain Belt Co
——*
common—
23
Cherry Burrell Corp common———5
City
Conn Rys pfd—;—*
%
8,7
56%
36
—I
Chicago Corp common—
Convertible
Chicago
preferred
Shaft
Flexible
*
common
19
19
Chicago
%
7%
56
36
:
;
,
23
Indust
com.——_—,—_—*.
Yates-Amerlcan
Machine capital-——5
com—--——*
V 'V
100
;
19
100
%
8%
56%
36%
common——*
Bankshares
Wisconsin
600,
Woodall
.
—*
Wieboldt Stores Inc com—;
680
.
Zenith
100
6,850
100
Radio
;; .■
/;■
Unlisted Stocks—
150
7
J'
'
Corp
!
•
j
.
15% May
American Radiator & St San com
Chicago & North Western Ry—
;
•
Copper Mining———50
Atch Topeka & Santa Fe Ry com-^.100
Bethlehem Steel Corp common———*
'
——*
39%
Chicago Towel Co conv pfd——*—
Common capital
——*
70
Chrysler Corp common—
5
112
Vtc
.
for
common—
—
—
Cities
Co
Service
10
common—
38%
40%
350
117
117
70
70
111% 112
19
—
10
10
20%
General
Interlake
5%
100
17%
30%
10%
31
300
4,700
11
Commonwealth Edison
common
_25
-
30%
Consolidated Biscuit common————1
vtc
Co
Consumers
Common
part
partic pfd_.
sh.
vtc
A—
Container Corp of Amer com
Co
Crane
common.
Lighting
Curtis
Inc
cum
_u
43%
common
32%
Jun
Paramount Pictures Inc
34%
Jun
Cup
Co
50
Pullman
Doehler-Jarvis
Domestic
Eddy
100
Pure Oil
Co
32%
400
Radio Corp of America common—
105%
150
Republic Steel Corp common
105J/2 106
7
7
Corp
(The)
common
Fitz Simons
Conncl
Dock
&
&
Co
Flour Mills
Watch
Four-Wheel
Studebaker Corp
100
U
Rubber
S
40
40
41
18%
18
36%
18%
General
Candy
36%
—
36
36
100
—
15%
15%
77/8
(new)———1
;
5
7%
14%
90
7%
.
^
'
,
50
--
14%
15%
27%
Transp
common
5
:150
51
class A——
—5
General
Motors
common
General
Outdoor
—
19
Inc
<Ss
Lake6 Dr
68%
*
-_
•
common-.
Hibb
Brew
Spencer
Hormel
&
Co
American Products
50
& Dk
Co G
Preferred
150
67%
68%
700
Churngold
17%
17%
100
Cincinnati Ball Crank
__5
400
15%
■
:
capital
footnotes
see
-50
12%
12%
12%
1.313
8% Jan
,_50
85
84
85
117
Cincinnati
.-*
12
12
12
78% Mar
11
July
14
Feb
86% July
16
Jan
21%
21%
650
Crosley
36%
39%
28% Mar
40% Jun
10
10
300
255
100
11V4
liy4
150
400
16%
16%
56
—
40
40
20%
20%
5%
6%
6%
14%
—
—
—
9%
•
*
—
54%
47%
—50
*
6
—
;
page
708,
Jun
Cincinnati Street :——
*
Kentucky Util jr cum pfd
Clark common.:
For
4
Cincinnati Telephone——
—
Kimberly
common
12% Jun
109% Jun,
,
200
*
Stock Yards.
Union
Corp
-—
.
Dow
20
——
14'
16%
600
33%
300
20
Jan
26%
23%
26%
50
26
pfd———i—-.
24
9%
9%
34%
9%
50
9%
34%
350
100
53Vi
47
48
200
xl9%
Jan
Jan
Kahn
'.Kroger
class
.
7
A---'---.
——
•
Leonard
7
11%
54%
7%
11%
150
600
1
.
600
100
Preferred
Meteor
-
—
nrocter &
^-.
——'—
————
Gamble——,
Randall class B—,
'
V
U
S
S
■
Playing Card—
Printing —r——■
-
i
100
—*:
Apr
7%
39%
—*10
100
————
2,100
32%
—*
950
107
107
4
•
Eagle-Picher
Gibson Art
200
—.
——
Preferred
30
/
Drug
Lunkenheimer
LaSaile Ext Univ common
10
Jan
2% Mar
.
100
—1
Co common
87
Jan
Mar
July
107% Jan
109
183
7
19
150
*
Switchboard common-.
Ken-Rad Tube & Lamp com A
Co
3%
107% 109
5
Jan
10
19
56
10
Kellogg
&
11%
3%
'
'
13%
—
common—_—100
Pneum Tool vtc new_i—
Indianapolis Power & Light com
Leath
11%
11%
107%
4% Mar
4% Jan
14
14
75
4%
100
Crystal Tissue
1
Indep
Katz Drug
7
19
51%
—
——*
RR
7
4%
.
High
36% Feb
131/2
21%
1
(Geo) com A
Co
7
'**8
.
5iy8
:—25
Central
•
Baldwin
Low
32% Jan
113
35%
19
4%
.100
'
Hobart
Brick
—7
i;
8%
9%
—
—
com
Hupp Motors common (new)
Illinois
prior pfd—.
34%
35%
—
•
com
cap
Bartlett
Range Since January 1
High
w
,
Houdaille Hershey class B—
Uhnois
Low
18%
com—*
common
Harnischfeger Corp common——10
Heileman
Shares
._20
Machine
7%
15%
—*
common—
Rubber
(H W)
10
common-—.
Razor
Goldblatt Bros
Great
Laundry
Cincinnati Gas & Electric pfd_.
Adv
Goodyear Tire
for Week
Par
9%
-
Sales
Range
•
8%
.10
—
Corn
Safety
Week's
of Prices
300
19
'
Sale Price
STOCKS—
550
27%
Friday
Last
100
50%
■
1%.
common——_1
Gossard Co
10
■
*
—
Inc
Auto——10
—
•
:
250
General Finance Corp
Preferred
Gillette
—_—-1
commoncommon--
1,800
36%
American
Amer
Co
common-
700
.—5
Fox.(Peter) Brewing common
General
Jun
Mar
*
Standard Oil of N J_———25
Brands
Dredge &
America
Drive
,
Jun
26
550
22
4J/4
4%
21
13%
—>
300
28%;
16%
22
v..'
4%
—•
(The) common
30
—.15
Co_
common—
of
16%
—
—*
Utll tiorp
riousehoid
28
16%
;
_5
Industries Inc class A—1
Paper
Eieotric
28
;_—*
Corp
Elgin National
Eversharp Inc
1
Incorporated
28%
31 Vat
—*
common
Dodge Mfg Corp common—
287/a July
54 %■ Jun
21
28%
Standard
Dixie
—
21
—
Jun
50
100
2%
pfd
ll7/a
22% May
Corp
32%
—
;
Jun
common——*
—1
Corp————5
New York Central RR capital—
•
Iron
Nasb-Kelvinator
—
_*
-20
Jun
44%
Co_
25
—
-
——
Cudflhy Packing Co 7%
—
—50
Electric
1,700
42%
——5
Co Inc
Apr
7%
(Glen L) Co common-.
Martin
(The)
gColeman
Jun
Jun
81%
Curnss-Wright ———————1
700
5%
—
../
200
17%
—.*
Club Aluminum Uten Co com
36%
100%
Anaconda
■
16%
--:
17%
45-
45
20
35
11
8% May
7
105
'AprJan
13% Jan
40
Jan
„
.
Feb
9%
107
19%
.46
May
Apr
Jun
Apr
THE COMMERCIAL & FINANCIAL CHRONICLE
OTHER STOCK EXCHANGES
RANGE
Week's
Sales
Last
Range
for Week
Sale Price
of Prices
Shares
Friday
STOCKS—
High
Unlisted—
American
Cities
City
21%
General
22
20
21%
':''
:'
Fuel
■
_
■
Motors
197A
20%
Columbia Gas
Friday
V
.
Low
stocks—
21%
7
19
25
20%
24
Jan
Jun
23%
May
Jan
8 % July
Jan
4
330
7%~
22% July
Jan
70% May
67%
62%
Jan
19'A
19'A
56
18%
Jun
20%
._*,
Par
36'A
36%
51
28 Va
Jan
37%
Jun
Parker
Prudential
Rickel
W)
195
68'A
Week's
River
Range
Raisin
Sale Price
Shares
Low
par
/ ■:
Mfg.*—,.
; •
\
i
Electric*
• .•
.
v;V,
Controller
Faultless
Rubber
.y
t
—
Bros
Hanna
common.
414%
(M A)
Jones
&
Kelley
Island
Lamson
64
.1
B
064
Jan
94
3%
3%
7
420
42%
42%
42%
150
4'A
4
4%'
..1
8%
8
8%
6%
6%
7'A
3,005
38%
47
_1
1%
1%
1%
6'A
6%
6 'A
4%
37
1,355
-.4
common—
Products
5%
100
6%
7%
.50
700
Jun
Jun
4
Mar
42% Aug
5
Feb
10%
Jun
7
Apr
Jan
Jan
9% May
Jan
44%
Jan
1%
Jun
9% May
Jan
5% Mar
925
38%
common
5%
14
Mar
3%
1,174
>!«
Distributors.
...
Jan
Jan
2%
37
Feb
3% Aug
4
12% Feb
120
3%
.10
3%
Jun
Jan
2% Mar
4% Mar
6% July
Aug
Jan
18%
Jan
lo'
'•
5%
July
114%
Feb
24% Mar
17
14% Mar
50
Direct Private Wire to Allen
Aug
7%
Apr
&
Jan
20
al08%al08%
a34
15%
'»
a34
16%
106 %
27 'A
Jan
Jun
25
Apr
55
22
37%
17
22
48
100
37%
22%
99
25
.
65
Jan
57
39
64 W
37%
May
Apr
57%
Co., New York
Aug
45
Feb
Jan
23
—a—*
110%
17%
13% Mar
FACILITIES
Member Los Angeles Stock Exchange
Listed—-Unlisted Issues
Jun
15%
11%
1,406
7%
Jan
30
43 %
Jan
52
27%
29%
340
23%
Jan
32
7%
446
4%
41
20%
7
BROKERAGE
AND
Jun
50
7%
Jan
39
10 %
29%
COMPLETE INVESTMENT
Mar
845
14%
-
(
CO.
Feb
July
50
11%
*
Brick common..*
Metropolitan Paving
80%
109%
a5%
r
106
9
S.
3%
1,010
-1
Radiator
Wayne Screw
5%
12%
12%
..1
common
Axle
Shirt
S
12%
Jan
3% May
Jan
a50'A a52%
—10
Portland Cement
Medusa
23%
227
17
a5%
*.
B———
class
800
5
.10
2%
4,065
3%
Jan
<•
& T—————.-*■
L
(AG)
Jan
;
21%
17
T_*.
Sessions.—i
&
McKee
pfd.—.—*
20%
;
—5
Laughlin..
14
20
94
111
20%
—•
___.
Jan
1,114
92
Goodyear Tire & Rubber common—.1*
Great Lakes Towing common—_100
Halle
3%
May
17% July
Jan
2%
Feb
Jan
57
111
94
21%
7%
6%
12%
a21% a21%
*
.
——_
13
100
33
High
LOW
75
100
6%
14
14
14
&
200
2%
3%
3%
Paper
Warner Aircraft
Range Since January 1
High
6%
:
50c
Body——,-—5
City Ice & Fuel
*
Cleveland Cliffs Iron preferred
*
Cleveland Elec 111 4%% pfd—*
Cliffs Corp common
5
Commercial Bookbinding i——
*
Detroit & Cleveland Navigation.——5
Coach
17
High
29% Feb
3%
l
Brewing
Preferred
for Week
Last.v
Brass
710
2%
—2
common
U
Sales
of Prices
Friday
•
Low
30%
30%
—a
Scotten-Dillon
United
Cleveland Stock Exchange
.
Products
Co
Udylite
■
30%
Invest
(H
Tivoli
American
;
Range Since January !
High
■> ' 16%
Peninsular Metal
Timken-Detroit
Akron
Shares
Low
Wolverine
Sheller Mfg
Standard Tube
STOCKS—
for Week
Jun
36%
—
Brands
54
21%
'•
7
15%
435
Sales
Range
Sale Price
High
Low
No.
Week's
of Prices
Last
677/a
.10
—
Pure Oil
Standard
10
Parke, Davis & Co
.25
Rolling Mill&
AUGUST
Range Since January 1
^.0-
Service
Ice
WEEK ENDING
FOR
■
11% July
;
8 A
Jan.
650 So.
May
Spring Street —LOS ANGELES—TRinity 4121
Jun
Jun
'
National
1
Acme
——.J,
Tile
National
;
Patterson-Sargent
Richman
5%
27'
Jan
2
1,470
5%
Jan
Jun
Jun
16'%
45
•
.
44
;
45
798
•
22
18%
Jun
48%
Angeles Slock Exchange
Jan
Jan
39% Mar
155
20
Jan
14%
19%
5
——i
Bros
:
5
,
20
—
Electric
Reliance
a24% a25%
5%
•
'
Jun
Friday
—_L——1.—•"
Seiberling
Rubber
Standard
Oil
Van
Iron Works..
Dorn
Vlchek
"•
'
t
df
Tool
23%
*
50
;
8%
Jan
14%
Jun
July
23%
Apr
Jan
24%
Feb
Aireon
10%
Feb
Bandini
9%
;
>20
107
18%
200
24
8%
.*/•.
—
'.w/i
'
al2% al2%
a20% a20%'"
;—_—10
Ohio..
180
7% i>Jan:
,
v
v/.--
v>;
Mfg
Warren
.3
Refining & Chemical—__._2
Weinberger Drug , Stores
ux—
Western Reserve Inv Corp pfd
100
140
3
19
i
19
2% Feb
.
,
3% Mar
14
23
Jun
130
460
Mar
Apr
140
Bros
for Week
Shares
50c
Consolidated
Barnhart-Morrow
Aug
25
26%
Jan
33%
Jun
Bolsa
Youngstown Sheet & Tube common—•
a47% a4/%
20
39 Va
Jan
51%
Jun
65c
Berkey & Gay Furniture Co
1
Blue
Diamond
Corp
—_—___2
a30% a31%
Motor
—
...
1*0
::
:
i. %
Jackson
i
Unlisted—
California
<
Rubber.
&
Tire
u.
:10
General Electric common——
Industrial
N
Y
Rayon
Central RR
Ohio
Oil
Y
>
*
common—
Apr
30'A May
44
Jan
-.A.. 54% May
53% Mar
244
25
a27 % a27'A
a47
a47.
v>
a25
--
145
a26%
■
37%
Jan
,'v
Jan
39%
::
90
a47% a48%
~
May
44% May
;
Jan
21%
64
49 7A May
32'A
Jan
Co
Fuel
4%
4,020
•
22%
—
;
Preferred
5
Creameries
of
*
26
Jun
Inc—
235
58%
Jan
72 ye
Jun
Dresser
a23% a23%
150
20
Mar
25%
Jun
Exeter Oil Co,
Jan
2% May '
4% Jun
26% May v
100
24% Feb
28%
31%
3
4%
>
210
110
al06% all2'/e
4'A
94
331
27%
80
5%
26
Jan
Jun
Apr
33% Apr
5% Jan
115'A May
Apr
Jan
Apr
28
19%
20%
2,000
18%
Apr
29
29'A
443
26%
Jan
14
14
140
10%
Jan
25% Jan ^
29% July
16
Jun >
a83%a83%
10
..
1
Douglas Aircraft Co
20%
;
Jun'
1.75 Jan
21
Jan
31%
19%
•
America,
Jan
85
alll%
75c
1
-r
190
a25% a25%
1
Apr
30% May
1% Mar
550
•
4%
31%
Jan
25c
1,200
^a27% a27%
...
Mar
17'A A
*
9% July :
5% Jan
3% Aug
100
65c
4%
Consolidated Steel Corp
17
a
65c
2%
Iron
19%
17'A
y
;
High
Apr
17%
45
4'A
22%
Corporation
Colorado
75
a
100
,
4%
;
Chrysler
&
i
2'A
Packing Corp common
Aircraft
Cessna
3%
—.—*
Co
a66% a68
*
common—
22%
25
a42% a42%
v
__...
Firestone
20
a57 % a57'A
Addressograph-Multigraph
10
Cleveland Graphite Bronze—_.l
3%
Low
5%
810
4%
22%
1
Corp
Broadway Dept Store Inc com
Byron
9
Range Since January 1
.
4%
Oil
Chica
,
a26% a26%
—.—1
——1
White
A-
<;
High
9
c_.
—.-1
Co
Low
.
common..........*
Corp
Sales
Range
of Prices
Par
Corp.
Petroleum
Barker
Week's
Last
Sale Price
\v
STOCKS—
—
'
Apr
Feb
"
Republic
U
8
Steel
a217A a227A
•
Steel
—6
common
a23%
•
Youngstown Steel Door common
Industries
Farnsworth
*
28
1
class A
Motors
Radio
1
1
Corp
_.
10
"68
common
Gladding, McBean & Co
New York
.
Oil
Detroit Stock
*
1
Petroleum
Lincoln
Lockheed Aircraft
DETROIT
Los
Mfg
Merchants
Mt
Exchange
Last
STOCKS—
Week's
Range
of Prices
Sale Price
Low
Baldwin
Rubber
Brown,
McLaren
Burroughs Adding
Continental
Edison
Detroit
1
—
Corp
Frankenmuth
Western
12%
835
1%
Brewing
10%
5%
5%
8%
750
22%
963
2%
6%
440
2%
2%
6%
„^_1
:
17
12%
Jan
1%
Jan
5%, Jan
15'%
4
2% Feb
18
Jan
5% May
Jan
Industries
Wood
General
.....
Motors
Goebel
—
Brewing
...
Graham-Paige, common.:
Grand
Valley
-—3
Apr
May
Jun
7% Jan
23% July
..10
Rice
1
Ranch
Shell
Ball
Hoskin3
&
Mfg
5%
Feb
800
68%
63%
68%
432
62%
Jan
4%
4%
145
3%
Jan
4% July
10%
10%
11%
8,423
5%
Jan
11% July
1%
1 %
100
1%
Jan
9% Aug
70
1%
Apr
Feb
Hurd
Motor
Lock
class
Car
&
Jan
26% July
820
12%
Jan
14
Jun
220
16%
Jan
23
Mar
26
28%
765
15%
Jan
6
28%
....
23%
14
20%
26%
B____
common
340
14
20%
-2%
Houdaille-Hershey
Hudson
..10
Bearing.....;
...
26%
6 %
4%
440
6
4%
350
3%
...1
1%
1%
200
Kresge (S S) Co
..10
27%
27%
250
Lakey Fdry
...1
5%
5 %
850
1%
2,040
Kingston
Mfg
1
.i—
Products
Kinsel Drug
common.
.....
■—
1
~4%
May
Jan
1% May
26'A Mar
common
Corp
Oil
Corp
Masco
Screw
Mach
Products
McClanahan Oil
1%
....
common.
...»
Michigan Die Casting
Michigan Sugar pfd
Mid-West
.50c
69c
...1
Murray
..10
Abrasive
Corp
common—
..10
1%
69c
34% May
7% Jun;
Solar
Aircraft
Orig
6%
Company
Calif Edison Co Ltd
preferred
*
class B
pfd class c
Gas 6%
pfd A
Southern Pacific Company.
preferred
5%%
So
Calif
Oil
Co
3,150
100
1%
32c
2%
Jan
Jan
Jan
Jan
Feb
Union
Oil
Feb
Weber
Shwcse
5%
1%
76c
3%
of
California
&
Fix
Air
Chemical
625
2%
Feb
3%
Jun
15%
13%
Jan
19%
Jun
Packard
-
For
Motor
Co
3
3
Car....
6%
7%
footnotes
see
page
708.
300
1,371
2.05
.
305
19% Jan
183
July
y
185
80c
29 V4 Jun
190
Jun
•
1.45 Jan
3'A Jun
7,566
200
—
12c
12c
1
1
6% :
6%
32c
32c
7
32c
100
12,000
^ 325
200
62%cMar
8c
Jan
6% Aug
20c
Jan
Apr
9'AMar
37c
Jun
50c
49c
60c
6,250
40'A
500
29c
Apr
34'A Jan
75c July
41% Jun
40
40
a57% a57%
a51%a52%
20
20
6%
7
173
90
185
143
825
38% Jan
51% Jan
48% Jan
20
Feb
.5% Jan
41%
59%
53%
20
8%
May
July
July
Feb
Jan
39c
600
33c
43c
Apr
11'A 12'A
6%
7%
u20
a20
49%
50
26% 26%
9c
11c
2,605
1,390
125
100
182
18,500
875
'
40'/a
25
*
—
6%
1
-
1
*
30
15
25
39c
__
11'A
6%
•
*
■
49%
10c
15%
15%
•
15%
1
25
—25
—25
25
25
•
5
Inc...
—
—
,
31%
30'A
—
47
41%
..
12%
....
al6% al6%..
30'A 30%
45
45
31% 31%
30 30%
39'A 39'A
46
48
41% 42%
6'A
6'A
al4% al4%
30c
Feb
37c
75c
23c
Mar
July
Jun
•
13% Mar
10
May
23 A Apr
51
Jun
27% Feb
10% Jan
6 /e
20 A
41%
26%
4c
15%
May
July
Jan
Aug
Jan
Mar
17c July
17% Mar
13
a44% a45%
3,865
85
21%
21%
100
400
31
25%
—.10
28%
28'A
100
10
67A
67A
10c
lc
lc
129
7,000
.1
■
25%
,
.
'
Jun
July
Feb
32% Jan
31% Jan
,
40
Jun
57 A Jun
45% Jun
■
7 A Jan
17
Ju^n
14 A Jun
42 A Jun
20% Jan
3,118
22%
31
23%
-*
32
45
^
190
40
12
21
11
Jan
26 A Jan
43
Jan
30% Jan
30
Mar*
38
Jan
39% Jan
39
Jan
6'A July
15
Jan
10'A Mar
28
Feb
50
476
915
204
735
1,822
50
910
Mining Stocks—
Alaska Juneau Gold
Fob
Calumet
,
:
25% Mar
25^ Jan
31A Jun
Jg% Jan
21
27% Apr
Jun
Jun
Gold
...
Mng Co
Mines
Co...
ay.
To_
6 A Ja
lc July
jun
Jun
11% Aug
Unlisted
Aug
3% Mar
American
5%
Jan
7%
Amer
Tel & Tel Co———
Viscose
Corp
100
..14
14%
a477A
14% 14%
a47%a47 A
al78;/, al78% also'/,
&52Ya
a50A a52A
r
15% May
Jan
...
,
_*
Smelting & Refining Co—.—*
3
Jun
Stocks—
Amer Rad & Stan San Corp
Amer
Park
26 ">
26
6% July
16% Feb
Jun
13% Jan
45c
Jan
70c
.....25
pfd
Pipe & Steel Co
Feb
250
15%
Lines
1st
Western
July
3%
Mar
80c
32'A May
3% Jan
140
23,625
Feb
3%
9
75c
11
Jan
35c
of
Transcon & Western Air Inc
1%
11%
200
6'A
15'A
865
15%
71% July:
34% June
Jan
33'A Jun
15 Va
2.40
calif—...
•
Sunray Oil Corporation——.1
Taylor Milling Corporation—_—
*
Transamerica
Corporation
2
5%
28% May
2%
11%
2%
11%'
70c
4%
25
70c
•
Corp
Western
&
150
35c
1
Co..
Trading
Standard
Hoover
Oil
Union Oil
Sierra
1,470
"
512
__
2.20
.1
10
Corp
Security Company
Sinclair
9%
...1
Brewing
common
Oil Corp common
Ryan Aeronautical Company
Safeway Stores,
Inc
7% July
4 Va
1
53%
71
33%
185
25
10
Richfield
2% July
8%
7% Mar
70
a28%a28%
17%u Jun
4
9
Oil
Republic Petroleum Co
Southern
Gar
135
85
Feb
12% May
Jan
21 %
400
235
Jan
1% May
14
325
22%
16%
...
Range Slnee January 1
Low
High
625
> 225
11
__10
5
Steel
Pacific
15'%
..Li
Michigan Stove
Detroit
Lighting Corp
1%
1—... ...2
Detroit
-
Pacific
..20
common-
common
preferred
Indemnity Co.
for Week
Shares
10%
1%
—
common
6%. 1st
Pacific
High
12
Elec
&
23
23
a50% a53%
8
9% July
70'A May
26'A July
57% Mar >
1
Co
Gas
785
—
__1
Corp
\ Sales
15%
;
Iron
Gray
12
Machine
Motors
Detroit & Cleveland Nav
Detroit
1
:
Pacific
68
7% July
62'A Jan
16% Jan
50% July
1
Ltd
Petroleum
Oil
Oceanic
67%
Jun
Jun
45c July
16 V* Jun
6% May
100
—
I
Co
Mng & Dev Co
Aircraft Inc
Occidental
600
5%
1
92
33
Jan
477
8
10
Co
Oil
Corporation
Northrop
Friday
Corp
13
15
6%
8
,
15%
10c
Petroleum
Diablo
Nordon
Detroit Stock
Co
Angeles Invest Co
Menasco
Telephone: Randolph 5530
a28%
1
Co
1,400
6'A
70
♦
Co
Lane-Wells
Chicago Stock Exchange '•<-
Ford Building
*
Car
Hupp Motor Car Corp
New York Curb Associate
Exchange
common
Corp..:
Motor
Hudson
Stock Exchange
"A"
Hancock Oil Co
Honolulu
Members
265
28
45c
.
853"%
Goodyear Tire & Rubber Co com
Watling, Lerchen & Go.
71
May
27% Jun
30c
Jan
33'A
15
•
;
....
40c
14'A
—
Corp
General
&
class
Stores
Garrett
A
2
Television
Fitzsimmons
50c
(new)
Ltd,
—
450
50y4
™
899
'
jUn
180% July
161
Feb
;
«
>
COMMERCIAL & FINANCIAL CHRONICLE
THE
704"
Monday, August 13,1945
OTHER STOCK EXCHANGES
WEEK ENDING AUGUST
FOB
RANGE
10
>K
Friday
Friday
Last
Range
of Prices
Shares
•
50
5
—.—100
;;—25
3
Atlantic
Refining
Co
Corporation
Aviation
Aviation
Bendix
Boeing Airplane Co
Borden
Corp
Borg-Warner
Pacific Railway
Canadian
J
Case
Co
I
Service
Cities
Oil
Pennsylvania RR
Feb
Pennsylvania
8%
Philadelphia Electric Co common.
25
Corp
a
Share
&
Goodrich
(B
Jun
112
39%
Apr
42%
570
10%
Jan
19%
60
39%
Jan
42
66
48%
Jan
66
23%
Jun
a20
2
714
750
4%
Jan
50
16%
Jan
55
29% Mar
r
1%
1%
1,136
11
18
12
10%
1%
25 %
21
Jun
Mar
25'
Mar
.
45
6%
520
5%
Jan
7%
19%
Jan
22 %
9%
Jan
Jan
3
al3%al3%
<
90
40% Mar
a58
a58
27
54%
Jan
10 %
1114
3,796
5%
Jan
12
69
50%
Jan
52%
a49% a52%
;
a31% a33%
2314' ::w>;
23
—
11%
Aviation Inc
American
565
18%
Jan
31
8%
Ohio
Oil
7%
254
9%
Jan
-1 ■:
Inc—;
Pictures,
Paramount
62%
Inc
Pullman
Oil
Pure
■
.50
Jan
32 y8
Jan
14
Arkansas
Co
Jan
26
Clark
Jun
9%
25%
532
19%
90
Southern
155
48 % Mar
53%
Brands,
190
17%
20% Mar
Standard
Oil
Standard
Oil Co
Studebaker
Swift
1,103
10%
Jan
13%
(Ind)_;
^ 430
19%
Jan
25%
a25
Co
101 %
Jan
17%
Jan
52%
75
29%
Jan
35%
Jan
255
35%
39
Co
127
57Va
Jan
62
390
18%
Jan
125
31% Mar
34%
49 %
55
Jan
43%
232
al8
al8
50
a9014 a91%
142
84 %
Apr
117%
Jan
161
33%
Feb
28
Apr
5
a26%
a27% a28 Va
y,
43 %
39% Mar
17%
275
2%
1,080
Aircraft
United
Corporation
U
S
U
S
Steel
Warner
*
(Del)
:
Co^_..
Rubber
IIlO
20
Jan
Tel
Co
'
3
3
Jan
58% May
61%
59%
Jan
71%
13%
Apr
17%
Jan
49%
25.
23%
23%
a43% a4414
50
Budd
(E
G)
Pub
20%
..100
Delaware
—13
27%
Power
&
111%
•
15%
—_
Light—— —13%
44%
Lehigh Valley RR
68%
-
11%
50
——:
Jan
30%
Jan
19% July
39% Aug
'
'
5, '
56
Week's
Range
4%
4%
'Z -w"-*. '' v-'1* ''
*
j
7
"•'v mlm'Z
■
10%
3%
3'/a
3% :
3%
—25
136
,
a
8%
13%
13%
34%
34%
29%
28%
29%
35
•
31%
35
North
300
York
Stock
Curb
York
New
of Prices
Shares
v
331
31% Aug
37% May.
' :i38
Apr
''
f
Phone
Exchange
CEntral
7600
Bell Teletype SL
593
Exchange Associate
Sales
,
r
•
com
10
Hydraulic Pressed Brick pfd
Laclede-Christy Clay Prod com...:
Range Since January 1
High
Low
25
17%
Jan
157%
Jan
24%
27 %
325
24% Aug
30%
14%
15%
408
16%
Candy
Dry Goods common
Jun
10%
Jan
256
92%
Jan
16%
1,016
9%
Jan
20%
1,975
16%
Jan
43%
184 % July
preferred
2nd preferred
17
St Louis
16%
Jun
Pub
Sterling
117% May
1,050
13%
393
43% July
12%
Jan
16 %
Jun
11%
12%
519
67a
Jan
17%
Jun
Jan
.
47%
Jan
65
10
23
Jan
34
32%
14
21
21%
22%
STOCK
:
.
Jan
14%
17%
Jan
23
July
24
Jun
Week's
Last
Range
ENDING AUGUST
105
19
Jan
19
134
Mar
140
Aug
28
118
Apr
122
Aug
May
122
Par
Low
4%
60
4%
1
11%
Jan
15
150
11%
Jan
14%
35
13
Jan
18% May
465
35
Jan
41
May
80%
Feb
91
Jun
y i6
—.10
com..
...
15
16
38%
39%;
25-yr conv inc_1964
90
90
39%
$2,000
90
Week's
Sugar
for Week
Sale Price
common—.*
Shares
58%
60%
—
2% Mar
708.
I
23%
1.92
V,
9%c
,
23%
1.90
1.93
25
900
14c
500
lie
10 %c
11c
8,000
16%
16%
16%
220
—.—-100
100
99%
100
113 116%
35
Ltd
105 % 105%
155
114%
common..—1
Co. of Canada 5%
Porcupine Gold—
14c
pfd—100
*
*
-1
88c
8.15
61c
65c
1,500
8.25
65C
96
88c
8.25
17% July
July
100% July
14%c Apr
7%c
,
19%
Jan
Feb
25
'
—*
Consolidated—.—!
-*
Copper
Steel common-—
Aug
100
500
9%c
23%
High
17
995
75
100 100%
100
—*
—I
Low
17%
1,200
.
2,000
1.25 Mar
May
Mar
12c
Feb
19c
9c
July
20c
14%
Feb
97
95
Feb
Aug
2.35
18%
100
Jan
Jan
Aug
Jan
129%
Jun
100%
Jan
105%
Jun
73c
Jan
1.13 Mar
Jan
9.55 Mar
60c
Jun
96c
7.60
May
•22c
22c
5,000
16c
May
27c
Jun
Mines
-1
Armistice Gold ———-—-———1
Arntfield Mining
—1
44
.
17
17%
Range Since January 1
High
1
23c
23c
23c
7,600
10c
Jan
29c
May
49C
47c
50c
5,600
27c
Mar
55c
July
35C
28c
35c
19,700
28c
9c
11c
8,000
15c'
17c
Area
Low
1,190
Low
9%c
common.
Preferred
Range Since January 1
450
Jun
Sales
Range
of Prices
100
Aluminium
Aquarius
High
4%
Jun
10
Pacific
Aldermac
Aluminum
Shares
24%
14
&: Oil_'-^i——-—
Gas
Algoma
Sales
for Week
of Prices
May
300
LISTED MARKETS
Mines
Arjon
Sale Price
20
Jun
y'y y/;
Louis Pub Serv
Alberta
Exchange
Jun
9%
778
14
Fuller
Acadia-Atlantic
Cable Address:—"Dohroadco" Toronto
Jun
July
23%
140
122
Par
EXCHANGE
Jan
Aug
22%
21%
140
122
Jan
200
14
19%
Bonds—
WEEK
FOR
so ;
:
63
32%
20
70% May
St
14%
14
Wagner Electric common
68%
50
17
40
13%
Feb
44%
Mar
1
51
66%
34
1
Stix,
&
95
.y.-v
17%
com
"A"
Jun
Baer
Apr
comipon
Aluminum
22%
:
302
62
Serv
100
...
63
63
«
—
16
40
—100
—
M&r
40
39
common
1st
July
10
39
•
National
Jun
13%
...
35
July
16%
5
—.20
common
Rice-Stix
Mar
60
Steel
Laclede
Mar
8
16%
—100
High
30
70
33
16%
1—5
Hyde Park Brewing common
Low
100
8%
33
33,.
8
l
Range Since Jannary 1
High
:
.....
Huttig S & D common
756
106% 111%
1
common
Griesedieck-Western Brew
20%
20
Mfg
Low
Par
•-
Electric Co
Brewing common.
Falstaff
High
Exchanged
Shares
178% 180%
TORONTO
Friday
Jun
31% Mar
Jan
for Week
Canadian Funds
page
Feb
27% Mar
of Prices
STOCKS—
Sales
Toronto Stock
see
Mar
1871
St. Louis Stock
Anglo Canadian Oil—
footnotes
'v
io%
14%
:■
34
Chicago Board of Trade
Anglo Huronian
For
Feb
8c
600
Sale Price
Branches:—KIRKLAND LAKE—T1MMINS
preferred
May
9%
"
"'8% Aug
■9% Jan
St. Louis Stock Exchange
Chicago Stock Exch.
for Week
Telephone:—Waverley 7411
6%
^
-
288
45% May
41
STREET, TORONTO 1, CANADA
*
100
Jan
•
V
;
Jan
200
doherty roadhouse & co.
;
4
142
-
St. Louis 2, Missouri
4th St.,
v,Members
Preferred
common
Jun
4% July
Unlisted Securities
Established
•
Agnew-Surpass Shoe
AJax Oil & Gas-
Paper
July
12%
:
:v";
Jan
Jan
>?
Edward D. Jones a Co.
Acme
&
Jan
6%
5c
100
~
Jan
118%
50
15
Jan
'
:
20,172
r'~y'~y
Feb
i%
2%
r.
8% Julv
Jan
9%
- -
y-v: 95
34%
r
—1
Springs
Alloys
10%
'
•
150
70
6c
8%
8%
Jan
165
7%
6c
1
common-
Feb :
2,593
136
7
••
11% Aug
9%
309
>
■*
Jun
16%
4%
Range
Canadian Listed and Unlisted Securities
Power
High
5% July
Jan
439
14%
3%
ZM'
136
'
13
544
10%
■
-.
*.
Gas
-
7%
13%
-,v
•
ZZ.I
&
Steel
11%
y
15%, y-y: 65
11%
/ff.
—
__
common.
STOCKS—
Abitibi
:
-
3% Apr »7,
14
,
Last
STOCKS—
Low
...
15
Friday
THE
Jun
Jun
Range Since January 1
High
Week's
RANGE
MEMBERS
"
Shares
Low.
Last
CANADIAN
293 BAY
3y8
Sales
for Week
of Prices
Friday
13%
Battery-
Motors—„
Lehigh Coat & Navigation
13%
25% July
17%
20%
15
5
common
Electric Storage
General
178%
—
47
Jan
31% July
Range
Low
Mfg Co common
Co
Jan
37% May
150
740
v-:
Week's
Sale Price
Par
Curtis
Jan
39%
'
'
common.——
Jun
16
16% al6%
^Last
Chrysler Corp
37%
20
10
Jun
44%
a33% a34%
Friday
Baldwin Locomotive Works vtc.
19
St. Louis Listed and
Philadelphia Sleek Exchange
,—
Jun
Jan
i%
38%
673
/
Jun
■:
—.———_
18
Steel..
•
Westinghouse Air Brake
Westinghouse Electric Corp com—*12%
Century
Tel & Tel.—
3%
i%
135
1,275
18%
Glass—
Plate
Vanadium
Burkhart
American
■T. 1% May
IVb Jun
238
2%
—
%•/.•.:\:y.'
American Stores
•
Apr
Jun
255
—10
STOCKS—
2%
45%
r
Jun
46
Jan
Jun
170
a66 % a68 %
a
r
2%
'
Jan
a53% a58%
a45 % a467/8
Willys-Overland Motors, Inc.—
1%
32%
a33%
12%
(F W)
a
2%
2%
A—_.
Westinghouse Eiec & Mfg Co
Woolworth ComDany
v
Aug
I
44%
Aug
a6814
—5
Inc..—
Pictures,
Union
•
42
5
296
2%
Corp.—.—
Mar
a57%
♦
Corp—
Bros
Western
Corp
Tf
—10
Brewing
Oil
Standard
129% July
39 % May
132%
a36% a38%
United
20
1%
•V 1
2%
Supply
92% May
32
al32%
a38%
Air Lines
64% May
Sale Price
com
Apr
a51 a5174
Company.. .100
—10
Inc—
United
Jan
45%
.
Jun
43%
-
a90%
57%
42
*%
15%,
29% May
32
,
Railroad
278
—13 %
—
Apr
25 %
a32 a32%
Carbon Corp—.
Carbide &
Pacific
57%
*
Candy..
Electric
New
Union
Union
51% July
Jun
a59 a60%
.
Feb
Jun
23%
—10
42%
1%
1%
25
Jun
a36% a36%
a59%
Co.
__1
Mining
Toy
Apr
34%
_25
—:—
«
..
—.——
Gas
Fuel
108'A May
Jan
13%
75
—1
Tide Water Assoc Oil——.
Jan
53%
50
177
535
-25
Gulf Sulphur
Texas
::
15
a36% a37%
.25
-1
42
May
10%
May
Jun
:
all8% al2114
.25
——
J)
(N
Corp
mmwm
7
Jun
24
a44!4 a4514
Co
&
Texas
Co
Jan
13%
15
Inc—-----—
Coal
Fireproofing
Shamrock
Jun
18%
.15
a36%
57%
Gas
Star
Pittsburgh
San
Jun
12%
Company
57%
Pittsburgh Screw & Bolt Corp
Jun
29
a51% a52%
121%
a
52%/
common...
Gas &
Pittsburgh
40% May
22
Co
Standard
33%
Jan
Mar
26
of Del
Railway
28% Mar
33%
75
-
a25
Oil Co
Roebuck
Jan
18%
Bocony-Vacuum Oil Co.
52%
Co
L)
(D
National
Jun
510
Steel Corp..—.
Seaboard
Corp
Nat
Columbia
Feb
7%
155
13%
Republic
Bears,
20%
5%
6,782
7'4
July
17
26%
—
Corp of America:
Radio
45
common—.——
Blaw-Knox
July
530
a35% a36%
a52%
Jan
50
87
'
Jun
22
11%
26%
.
36%
7
Par
Mountain
a32Va a32%
—
a35%
——
.
130
7
Last
Jun
1,571
6%
OR
Dodge Corp
Phelps
29% Mar
Friday
Apr
48% Jan
25
7%
Pennsylvania Railroad Co..—
Jan
STOCKS—
112
236
11%
Co--—
39% May
19%
Pittsburgh Stock Exchange
28 % May
26%
_10
Car
32% Mar
25
Corp
Westmoreland
Apr
25% July
25
Company
Motor
Packard
Feb
185
preferred
United Gas Improvement
May
39%
35% Mar
170
a59% a617/a!
-1
Co
North
vV
20
236
Jun
25%
2514
>.
Invest
Jun
35%
al7 al77/8
American
North
Jun
32% July
/
22%
42%
Apr
Jan
8%
a29 a29%
a29%
a6i%
May
35%
$3
Lone
Inc...——* —18
Robbins,
122
Jan
22%
42%
July
9% Jan
25%
>
——.—-—
&
McKesson
Apr
v
33%
:
July
30
50
90
a36 a37%
Copper Corp__
45
200
•
a9%
a9%
Corp
Montgomery Ward & Co, Ino_——.
New
York Central
RR...
i.
common
60% May
10%
—-
—
Jun
525
Co
a33%
Jun
28%
•
Jan
15% July
44
43%
a44% a44%
a52%
Jan
26%
Jan.v
Jun
3814
41
22%
Preferred
Jun
170
614
a21%
40% May
17% Aug
20
17%
Jun
,
Jan
Mar
35%
Bridge—
Class
A participating
Tonopah Mining
United
May
a22% a23%
a20% a21%
'a23%.
17%
Jan
8
—3
Corp
Oil
Transit
34% Mar
Apr
Paper
v.-,.
■
Tacony-Palmyra
Jun
12 %
Jan
33%
Sun
preferred
Oil
..
High
11% Jun
Jan
■
——50
50
1
•
—
common...
Dome
Scott
31%-May.'.
Jan
9
455
a30% a30%
2nd
Salt
8
July
18'A July
U Feb
35
a21% a21%
11
a30%
20% Feb
Jun
Jun
7%
270
10% 10%
v.
5'A
4,696.
7
7% :
32%
35% 37%
2,281
37%
175
37% 38%
.21
9,630
25%
24% 25%
24%
28%
27% 28% is:,-455.
15
117
:,/•V: 119%
'^3347::::; 27%
32
32
32%,
...
Low
No.
Low
—*
Corp
Co
Range since January 1
Shares
10%
7%
35"%
*
Wire
Insulated
Phiico
Jun
1614 al6V8
—
Reading
May
Mfg
Salt
v
Jun
38%
43%
Libby. McNeill' & Libby
Inc
27%
Jan
7
.5
Int'l Tel & Tel Corp
Loew's,
Jan
34%
a30% a30%
Int'i Nickel Co of Canada—
Kennecotfc
17%
25
a20
Graham-Paige Motors Corp——.
Great Northern: Ry Co pfd—
Interiake Iron
170
a39
a61% a63%
Corp———
F)
90
16%
-1
Co—.
Feb
265
15%
ft
.1
Foods
24%
a40% a40%
15%
General Electric Co——.—
General
Jan
a38% a3914
40%
a39l/i
.5
—_.—™
Phila
Aug
Jun
77
,
a39
25
—
■■■
50,
86% May
Jun
17V2
•'» 135
1
;.w
—
49% Aug
9%
30%
5%
332
Corp
10
•
$1 preference common.:
•
"4.4% ■ preferred ■
-iA,-.--—-100.
Phila Elec Power 8% pfd:
——25
Jan
25
734,.
—:
48% July
88% Jan
7%
Class A
Bond
Apr
35%
32% May
a22 a23V8
a62%
Co..
Curtiss-Wright Corp
Electric
Pennroad
98
a22%
Corp,.:
.—I1
(Del)-————5
Co
Zellerbach
Crown
10% July
Jan
77
Aircraft
Vultee
Jan
77%
35
a49 a49%
Continental Motors Corp
Continental
6%
567
& Southern Corp..—•
Commonwealth
Cons
210
al87/a al9%
Corp.....——
Edison
Commonwealth
•
8
19%
a
—10
*
Electric Corp—.
<fc Light
25
*
Co...
Gas &
Columbia
Commercial Solvents
Power
a31
Co—>.
25
—...25
Caterpillar Tractor Co.—
National
a31
7%
5
15
.*—5
—
Jun
36
Jan
9%
*
Company
29%
561;
'
90'A
5
Corp_——:
t
Bethlehem Steel Corp—
^
of Prices
High
914
5
Co
Oil
BarnsdaU
for Week
High
9014
Works vtc——13
Locomotive
Baldwin
Low
32
32
Copper Mining Co__—
Armour & Co (III)AT&SFRy Co
Sales
Range
Sale Price
STOCKS-
Range Since January 1
High
Low
Par
Anacor.da
Week's
Last
tor Week
Sale Price
STOCKS
-
Week's
Sales
Mar
High
5%
62%
Gold
——1
Ashley Gold
Astoria
Quebec Mines
Yellowknife
Mines—
Jun
Atlas
Jun
Aubelle Mines Ltd
———
—-1
15 %c
*22e-*
Aug
50c
May
6%C Feb
21c
Mar
17,750
15c
July
29c
Jun
Mar
1
60c
52c
60c
8,800
41c
—1
58c
54c
64c
124,750
35c
Apr
1.03 May
80c
Aor
«
(M
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4411
Volume 162
WEEK
RANGE FOR
Last
\
/'.
/'V
1
Aunor
Geld
F.agamac
Mines
Mines
;
1
Consolidated Mines-
Bankfield
Bank
of
Bank
of Nova
Bear
Exploration
Scotia
Belleterre
Mines
1.60
1.62
10,472
97
2Q
125
Apr
1.10
1.00
1.20
16,400
85c
1
39c
20c
36c
9,116
8,800
31c
31c
40c
11,408
7,500
1
—1
-
1
Bonville Gold Mines—
39c
39c
40c
30
172
Apr
July
12% July
5% preferred
5%% preferred
—
Preferred
1.46
July
Jun
British
Dominion
Broulan
39c
38c
46c
116,950
1
64c
—
60c
_1.25
64c
1.25
5.65
6.15
Buffalo Canadian
•
3&%C
32%c
23%
Building
Products
Bunker Hill
Burns
&
-
Calmont Oils
Canada
Bread
B
12
11%
160
12%
/
1.77 ,1.81
2,410
22c
23c
5.485
2.15
2,100
-*
common
100
10
5
V
--
50
———————
5%
112 /112
—
——100
—
75 Vs
78
75
78
27,800
6,500
God's Lake
Doldale Mine
Canada Cement common—'
Canada Malting
Feb
Power
Gold
Class
B
*
A
—
Canada
Permanent
Canada
Steamship
100
Mortgage
Lines
Canadian
Bakeries
.Camadian
Bank
Canadian
Canners
preferred
73 %c
Aug
Apr
1.36 May
Jan
Goodyear
104%
105
30
55
56
122
78c
Feb
July
Jun
1.25
6.50
Jan
Canadian
Car
5.00
65c
8%c Jan
18%
May
Graham
Canadian
Celanese
Canadian
Food
Grull
Gunnar
July
Jun
Jan
2.15
Feb
1.70
21c
30c
Jan
5
Apr
2.40 Aug
1.80 July
6% Mar
Aug
63
Gold
Halliwell
Hard
78
Aug
Harker
Canadian
Industrial
Gold
Rock
Canadian
Gold
Canadian
July
Hinde
17%
260
12%
Apr
17%
171
16'A
14
500
158%
Jan
11%
Jan
17%
45'A
55
39%
Jan
47
175
Aug
Mar
Jun
July
105'A Aug
Jun
25
44
Jan
52
May
c
15%
23%
Jun
17%
Feb
27%
Apr
45%
19%
Apr
25
385
130
Jan
53
55
72
72
5
9
9%
3,075
28%
29'/a
90
Canadian
Oils
9
*
•
Malartic
V;
-100
Preferred
Pacific
24
25
50c
3,233
50
50
309
17%
19
4,547
175
__
17%
25
Ry
14,200
1.10
24
25c
—
50c
—
Canadian
1.00
1.09
—*
common
Rights ;
—
25%
v;
20
32'A
58
49 % May
■
75
Jun
Feb
July
Jun
6%
16
70c
19
Feb
Wirebound
Gold
Cariboo
Castle
/
Quartz
Trethewey
Central
Boxes—
Patricia
—
Mines
24
24%
1
1
—
——
—
Gold
*
•••
—-/^2.50
—
1.20
2.60
1.20
400
500
2.60
2.72
13,700
23c
25c
11,100
30c
31c
3,500
2.70
——1
1
23c
——————1
30c
Central Porcupine Mines
;
24%
Jun
35
Jun
1.35
Jan
Jan
29
2.00
/
Ohesterville Larder Lake Gold Mines—1
L-
1.90
14,056
*
1.25
1.25
1.25
10
1
M <fe S
Chromium
1.84
1.85
-
Mines
32c
31c
38c
44,300
Jan
Jun
25c
Aug
50
Aug
200
Jan
21
Jun
20%
Jan
25% May
Plow
Mines-
Co
Lake
Coin
Gold
Hudson
National
Conduits
5.20
23,500
"A"
Coniagas
i
—
July
2.90
Apr
Jun
12%c Jan
33c
60c
Mar
1.50
1.15
26c
2.94
Jun
2.42
1.50
Apr
Jun
75c
Jan
43c
500
100
5.20
Jan
35c
Jun
12% May
/
1.96
1.96
2.00
200
1.33
•
1.80
1.65
1.90
2,932
1.45
15
78c
85c
6% Mar
——5
—
Mines
Consolidated
7%
7 2.25
Jan
Mining
14%
15
475
68%
65%
68 %
430
49
Jan
146
145
146
171
145
Jun
1.30
110
25%
1.40
•
Corrugated Box preferred———100
Imperial Mills
2.09
May !-.
15
5
Conwest Exploration
Cosmos
14
•
Smelting
&
(Toronto)
Gas
Jan
—100
Bakeries
Consolidated
Consumers
—
*
——;
1.40
110
26%
12,785
5
260
1.60
1.50
1.64
Nest
Crow's
100
Patricia Gold
Crowshore
Cub
Coal—
90
90
90
1
,
Feb
Jun
Apr
]
88c
1.80
—
92c
2.00 \
4,600
2,700
Leather class
Jun
40,306 •
54 %c
Jan
9,600
43 %c
Jan
87c
20c
Apr
65c
18
Jan
20
10 %
Jan
13% May
1.60
1.77
71c
73c
•:
44c
65,000
19
19
200
S
12%
12%
12%
1,225
3.70
3.75
600
32c
35c
14,200
25c
10,500
3%c
Jan
27%c
Apr
72c
30,800
49c
31%
882
;.r£ 28
28
20%
21
14%
14%
13
13
1.10
3.05
15,750
31
—
/
Apr
Apr
1.77 Aug
Mar
10 %c 11 %c
J
69c
May
Apr
July
4.30 Mar
Jan
43c
Apr
177/aC May
1.09
Apr
34c
Jan
48c
Jun
30
Jan
35%
Feb
50
19%
Apr
21%
535
18%
Feb
22
15%
10,622
13%
Jan
16%
13%
710
12'A
Jan
13% July
1.05
1.10
4,050
7lc
Jan
1.40
28
31
*
A
29
170
22%
Feb
337
;V
34'/i*'Jun
July
Jun
Apr
pfd.
4 '/o
Jun
103 %
Apr
106% July
103
Apr
106
113% 113%
10
111
Apr
2,985
31%
Jan
113'A Aug
39% Jun
21%
Jan
24% Mar
90c
Jun
104% 104%
100
100
.—...
30
57
100
104% 104%
> /
Feb
*
36%
35
37
•
22 %
21%
22%
2,180
1
Petroleum
Mining
Waite
Mines-
2.00
1.60
3.55
1,696,150
27c
26c
27c
1,500
14c
13c
14c
9,000
10c
Jan
18c !
Jan
7c
7c
1,500
3c
Jan
13c
Apr
S 48C
53c
28c
Jan
—
——
Jason
1
———j.—
—
—
X
3.55 Aug
9c
lie
5'Ac
Jan
18c
65c
70c
13,000
55c
Jun
1.35 May
8,000
35c
July
Apr
1.00 Jun
90
Jan
Feb
1.60 Mar
Mar
23
16
Jan
110%
27
90
Aug
18
Atfr
29%
Jun
3,470
11%
Jan
15%
Jun
1.30
1.20
1.20
2,900
50c
Mar
1.35
Apr
1.57
33c
35c
22
22'A
.3
1
4.70
4.70
5.00
7,900
2.35
5.15
Jur,
1.27
1.22
1.35
4,500
1.05 Mar
1.76
Jun
14c
15c
4,500
12c
Jun
24 %c
Apr
20
21%
905
17 %
Jan
24% Mar
6.75
6.75
100
6.25
Jun
7.25
7.25
7.30
425
6.15
Jan
9.15 May
17%
17%
40
13c
15c
4,600
9c
Jan
22c
Apr
8,700
25c
Jun
34c
July
110
1
Ltd
—
*
Mines;.
& Sons
Cadillac ——————
Lapaska Mines —
—;■—-—
Lamaque Gold
Lang
Candy
i—
14c
-.1
f
2,500
1,335
28c
27c
„3
16'A
16%
16%
5%C
5%C
1.44
11,050
Lexinden
Aug
Jun
1.12
July
60c
Apr
2.10
Jun
15c
15c
29%
12
12 %c
50
29 %
12
15c
29%
12
6,000
•—
—
1-60
1.60
Jan
8c
100
1,000
1.15
8c
3%c
Feb
Feb
65
Jun
29
Jun
Jan
17c
Aug
31% July
Mar
13
July
2.00 May
35c
38C
9,400
63c
56c
70c
50,200
1.85
2,10
21,825
27
27
28
220
26'A
26
26%
190
1.45
1.38
1.50
9,300
Groceterias class A
Loblaw
Class "B"
-1
Goldfields
Louvicourt
July
Apr
10c
Apr
Feb
1.50
Jan
Aug
48q
Jun
July
44c
1.95
Jun
17
Jan
3c
1.15
May
38%
Jan
15% July
36c
Lingman Lake Gold Mines
Little Long Lac Gold Mines Ltd.
23% July
Jan
31c
Gold
40c
Jun
(
15%
500
1.35
1.44
Jan
22
-.1
-1
Gold Mines. Ltd
14c
29c
-I
Mines
Oro
Aug
1.47
34c
Mines
Lapa
Laura Secord
3.57
Jan
1.00
77,243
1.55
1
14c
& Exploration
Mines——
Luz
60
22
;
Mines,
Shore
Leitch
60c
July
A
14
Mar
200
12
28
13%
—
Mining
Lake Fortune Gold
90
Aug
41c
26
14
J
Townsite
1.92 Mar
1.50 May
36c
28
Jun
70 % May
149%
39c
1
1
Lake
Lake
Jun
59c
1
i
Kirkland Hudson
Kirkland
May
Jun
Apr
*
—
——
Kerr-Addison Gold Mines
Labatt (John)
July
lie
a
—
Co
Kelvinator
60c
65c
Mines
Quebec
Feb
39c
24 %c Aug
31,100
4,766
48c
i
Mines
Lake Dufault Mines Ltd
12,600
250
15c
65c
43'Ac
Labrador
•
-—
Jan
Mar
16,300
46c
B__
3.00 Aug
Apr
5%c
5,000
40c
70c
May
*
A—
Class B
68c
20c
12c
35c
Aug
*
Petroleum
Davles
Davis
—
—•
Aircraft
'
Jun
3
Jacola Mines
Lebel
1
Croinor Pershing Mines
0%
1
•
*
Milling
Gold
Jacknife
La
Coniaurum
Apr
530
45,210
May
Mar
25c
360
6%
Jun
6'/8
8
35c
;
—
International
Jellicoe
25,520
1 6%
Apr
9
19
International Nickel Co common
Joliet
14
6%
Apr
15c
37c
,i
International Uranium
1.30 May
75c
_1
24c
Feb
3.70
preferred
2.85
€8c
46c
Apr
Jan
6%
10 %c
Mines
International
Jan
13%
46c
5c
3c
1,100
—*
International Metals common
Jan
13%
46c
12 % July
18,500
1.75
Imperial Bank of Canada
10
Imperial Oil
:
*
Imperial Tobacco of Canada ordinary_5
Inspiration Mln & Devel
1
Jan
74 %c
'
Jan
47,000
Gas.—...——..—1
class
Ltd
Hunts
Apr
8%
7c
10'/2c
Mining & Smelting—:
Bay
Mar
7%
36c
Mines—
Gold
Howey
22c
54c
7
1.00
33c
Jun
Jan
Jan
6C
•
&
Mar
11c
1
Oil
Apr
6
30%
12 %c 14 %c
80c
—
16 %c
Apr
22'Ac
510
8
Dauch___—
Homestead
Hosco
U-$-
1.00
Yellowknife
1.80
4.50
»"••''■'■
L
Commonwealth Petroleum
13c
Oil
Home
Homer
1.89
5.15
1
11%
6'Ac
Hollinger Consolidated Gold Mines
1.00
1
Cockshutt
Gold
11'/a
Jan
4%
26% May
July
11%
•
Willans
Cochenour
11%
1
Kirkland
Citralam Malartic
18c
43c
7'A
Kayrand Mining
Research
Chemical
Mar
Jun
July
10%
Mar
17c
40c
*
Cadillac
&
8c
40c
!
Hasaga Mines
Jack
Canadian
2,000
-!•>• 6,200
■
1
Mines
35
52%
July
57
4%c
10
L
Mines
Gold
Jun
—
105
200
Mines
32%
July
July
Locomotive
Gold
50
Jun
17
A—*
com
5%
29%
Mines.!
34%
375
Jun
Apr
53'A Mar
90
1,000
5%
29%
Ltd—
Mines
Preferred
Alcohol
.
Heath Gold Mines
■
17
53
—
;
8c
1
Mines
July
Apr
Jan
•
8c
*
_*
common.
—„
Halcrow Swayze
Aug
Jun
Paper
11
.
56
1
Hajniltoh Bridge
Harding Carpets —
112
Jan
•
5u
...
Gypsum Lime & Alabastine
Apr
13%
—
Wihksne
Jun
111%
8
common
*
common
Bousquet
Lakes
Apr
■;10c
15%
14
Prod———
Rubber
&
Preferred
Aug
Jan
95
—25
preferred
new
1
Jun
Jun
Tire
Preferred
56%
V
22c
10c
Apr
18
Jan
Jan
Jan
24
19%
31
9c
Jan
7%
24
19'A
31
15,100
16 %c
3c
9%
17%
Jun
18c
17c
83c
575
,
Apr
44c
5,500
200
18
87c
4c
11,700
/
20,200
1,540
__
Mar
Jun
July
36c
1.23
16%
19%
14c
65c
26c
30c
7'Ac
16%
-20
*
—
Jan
500
6,300
70c
1.06
16
——*
common
preferred
1st
Conv
43c
10c 10 %c
70c
7%c
48 %
51%
36c
1.06
225
50
18,100
May
30c
Co
65
210
,
May
50c
7%c
16%
„
35c
1
16%
—•
Preferred
C5c
Jun
1
Mining
12%
105'A 105'A
Jan
Jan
Goodfish
16%
105%
27c
21'Ac
26'Ac
Golden Manltou Mines
•
common
Mar
18,250
11,900
Jun
10
preferred———100
Commerce /
Breweries
Canadian
Apr
55c
10c
Mining—
55
10%
•
—
Mar
24c
27c
36c
—
45
—
50
28C
Jan
50c
—
171
15%
—
*
common
Preferred
1
Mines
16%
17%
*
,
Jan
25 %c
70c
Eagle
34%
—
Jan
9c
3%c
Jun
Heva
class
Packers
Canada
Aug
11%
6.50 Mar
51C
—
——.
55
10
55
10%
*•;,
Aug
105
4'A
95c
:
Jun
19'/a
2(5 V2C
Mines Ltd-
12%
—
—•
—
Northern
——.
-
Harricana
Canada
July
101%
18c
Jun
10
2.10
•
July
106
Mar
24c
Apr
610
—
102
May
15
Mar
3%c Jan
1.77
May
102
640
15c
67c
100
:
*
A
Class
4%c*
———1
———
—
-
Red
Class
4%c
/
97
10
19
22c
45c
60c
13,900'
Lake-—-—-——1*/,/ 2.10
Calgary & Edmonton
Campbell
-24
4%c
*
—-
class B
Co
23 %
*
*
-
——
———
36c
95
106
18
16C
Great
Gold Mines
102
106
22c
32c
38c
2,545
-
100%
102
—1
Jan
Jun
2% May
15,400
500
6.15
1
Mines
13% July
Jan
July
19
.100
_
27
•
Gold
Apr
—1
May
Apr
•
Porcupine Mines, Ltd
10'A
.100
Gold
55c
12c
375
Buffalo Ankerite Gold Mines
Buffadison
15
Lake-Porcupine Gold—
Glenora
Apr
35c
195
3'A
Oil-
13%
6,235
20%
23
3
—
Feb
13'A
7.50
Gate
22 %
•
9.25
7.35
Golden
3
class A
Power
Feb
Jun
7.40
34% July
——*
Columbia
Class B
77c
4.95
1
Apr
33 %
British
52c
Yellowknife Gold Mines.
25
33
Packers
Jun
24%
5,000
3,800
Giant
195
—
Columbia
30
1,260
62c
common-
Arrow
*
British
Apr
5.20
15
Golden
25
Jun
15c
58C
105
23% Aug
23%
Jun
78
,
5.05
Goldhawk
24
Oil
28%. 29%
105
18
•
American
Apr
5'Ac Jan
105
15%c Jan
666
2,830
1,885
British
65
5,500
-100
28% Aug
25% Jun
25%
100
8%c
;
—
Feb
16%
25
71%
.
8c
■
5'A
Jun
60c
—
__;
Jan
15%
Ltd
8c
3
Glllies
Feb
9.50
14%
16
25%
Mines,
71%
29%
—
».J———
General Steel Wares
22%
•
Brazilian Traction Light & Pwr com__•
67
925
Gatineau Power common
Exploration
Goldcrest
Bralorne
'
—
Feb
Feb
30c
19c
39c
21c
7
High
Low
4%
5.05
class A
Gold
Frobisher
Jan
289
2,800
Mines
Francoeur
1.90 May
1.55 Mar
22%
11%
Gold
Ford Co .of Canada
Jan
2.35
1
161
—I
Mining-,.—
Range Since January 1
High
4%
4%
—100
——
—-
Kirkland
30
Jun
1.22
11%
Ltd
Gold
378,630
16%
167
Bldgood Kirkland
Bobjo
1.99
167 171%
Preferred
Low
_•
common——
19% July
26% Mar
11%
-
Grain
May
22'Ac Apr
10%cJun
730
465
1
Mining
Gold
Bonetal
5,050
19
1
Gold
Bevcourt
15c
28%
OQ
Shares
60c
Jan
13c
CanadalZIIIIIIIIlOO
Bell Telephone of
Federal
Federal
17,600
1
4.25 Jan
1.47
—
*
R
41c
Jan
3.60
19
,
—
1
Beattie Gold Mines Ltd
1,400
—
1
Radium
&
4.00
1.90 Apr
28
19
.
10
—
for Week
Par
High
Jan
74c
44,015
14c
15c
-10
Montreal
1.30
35c
35c
'
Low
3.95
'
stocks—
Range Since January 1
Shares
Hi^h
1.15
4.00
.1
.
_.
Low
1.22
1
Aumaque Gold Mines
Sales
Range
of Prices
for Week
of Prices
Sale Price
Par
Week's
Last
Sale Price
Sales
Range
'
STOCKS—
ENDING AUGUST 10
Friday
Week's
Friday
■
■
MARKETS
LISTED
CANADIAN
70c
Aug
25
29
Jan
Feb
2.09 Mar
Jun
80c
July
52c
July
27
Mar
89c
Jun
2.10
Jan
1.23
26% Mar
Dome
;
,
Nickel
Distillers
Mines
Dominion
Preferred
Dominion
Scottish
Dominion
Steel .class
Stores
Dominion
Donalda
Tar
1,045
Inv
22
17
21%
26'A
Jan
1
3.45
3.00
3.50
28,670
2.25
Jan
Lake Gold Mines—
1
2.99
2.75
3.05
35,100
2.17
Jan
3.05 Aug
3.25
Jan
4.15 May
Mines, Ltd
Macassa
Red
Madsen
23% July
Malartic
29
8%
1,010
17
17%
75
15
7% July
14% Feb
100
8% July
18
70
35%
Apr
7
Mar
15
14
Jan
17%
17'A
10
*
10
10%
220
Jun
102
Jan
3,575
Jun
May
41%
/12
Aug
Gold
Maple Leaf Garden pfd
1
Maple Leaf Milling Co common.
Preferred
10'A
13
7%
19%
Marcus
Massey-narris
Sullivan
Jan
18% July
Jan
11
1.13
1.00
1.15
34,700
98c
Jan
2.50 Mar
1.20
1.40
70,195
22c
Jan
2.40
Apr
Economic
Elder
;
—
Investments
13,200
40c
July
44c
July
10,400
10c
July
21c~
2.95
2.71
2.95
10,423
3.75
4.75
70,450
—II125
25
23
25
38%
:
38%
38%
Mines__
Electric
240
14
100
Jan
3.05 May
6.75 May
Mar
35%
88c
90 c
13,500
53c
—20
73c
41,000
16C
Jan
6
6
23
4% July
>
Preferred
Segur
For
footnotes
see
page
*
;
————
Mclntyre Porcupine Mines—,—,
McLellan
1.08
1.25
12
11%
12'A;
27
26%
5.60
5.45
5.60
1,875
.1
38%
38
38%
140
4.30
35
Jan
July
27
Red
Jun
10%
106
106
5
9C
9c
1,500
64
66
Ills
McWatters
Gold
Apr
Mercury Mills
Jan
Mid-Continental
Feb
230
Lake
Gold,
X
28c
1.65
14,500
6c
1.64
1
6c
25c
29c
1,000
28,809
1.54
Apr
2.23
6.25 Mav
100
10%
Model
Modern
Oils
—
28c
Mines
15%
*
Oil
—
&
6.35
;
1
—
Container
23
common—
•30c
3,700
8'A Mar
Mar
22
;
9c
8%
Jan
■
16%
29
12
107%
Jun
Jun
19c
Jun
59%
Jan
67% Mar
1,35 Mar
4%c
"16c
22%c
Jan
Jan
Jan
1.85 May
8c
39c
Jan
35%
33c
17c
23C
500
23
25
'.PO
20
T<m
Jan
Mar
Apr
35 %c Mar
Aug
23
Feb
May
12%
6.50
Jun
July
8c
105
15c
6.25
Apr
1.25 Aug'
"J.3%
272
29,000
14,477
Feb
Jun
22
15 %c
%C
15c 17
Apr
12% Aug
15%
23c
16c
Gas.
28c
14%
Jun
77c
I
180
9c
1
I
i
545
Apr
Jan '
8c
54,850
106
:——
Gold Mines
McMarmac
39%
.
_»
Mines——
Lake
Red
McKenzie
708.
1.24
,/
Jan
17%.
68
425
3,50 Aug
Feb
12
19
9c
I
Mining Corp
—
125
13
:9C
10%
———
—
Aug
9
25
12%
.100
McColl Frontenac Oil
1.20
Apr
61c
class B—
Falconbridge Nickel Mines
Fanny Farmer Candy Shops.
—1
Preferred
39%
Jan
88c
66C
12%
13
9C
common
25
Apr
1
■
English
2.26
38c
l-I— 1
——
_
12%
Apr
4.00
j
Gold
Eldona Gold
42c
lOi 11 %c
1'
*
Eastern Steel
40c
IOC
]
—
—.
10
4 50 May
Jan
2c
10
Jun
41c
—
Mines
11,000
19
—
McDcugall
East
11,150
5%C
—3
Maralgo Mines
Gold
Jun
1.30
*
East Malartic Mines.
3.75
4%C
—.—
Jun
1
Oil———
3.60
4%C
c
Amphi Gold Mines——
Crest
Fields—
3.75
•
Manitoba & Eastern Mines
9%
East
1
Feb
Apr
16'A
East
—
18
41%
Co———
3.85
25
.—1
Mining
6,070
480
8%
Woollens common
6,900
4.40
1,025
8%
41
59c
4.10
Yellowknife Gold
22
16%
9%
55c
4.40
Lynx
Mar
26%
*
common—*
25
Chemical
&
•
100% 100%
8%
50
preferred
B
-
13c
25% July
26%
*
L*
Mines
Duquesne
v 500
26%
100
—
Dominion
Dominion
59%
26
*
Magnesium
—
Malting common——
Dominion
58
42%
10
Foundries & Steel com
Dominion
59
—•
common
Ltd
Bank
Dominion
;
—
26%
Seagrams
Mines
1
1
;
—
1
MacLeod-Cocxshutt Gold Mines—
Delnite Mines
Denison
May
|Jun
Apr
fi.90 Mav
25c
Jun
26 %
Jun
!
LISTED MARKETS
CANADIAN
RANGE FOR WEEK
Week's
Range
Sale Price
of Prices
for Week
Shares
High
Montreal
Moore
217/8
62%
62
62 y4
1
common
National
Brewers
29c
25c
29c
Grocers
common—
Nib
26
29
180
21%
700
1.65
Normetal
43c
2.60
25
54%
57%
98c
1.05
common...,
May
3.00 Mar
Jan
13 %
Aug
1,550
50
59%
Jun
8,000
80c
Feb
Mines
Walte-Amulet
1
Western
Grocers
Western
Steel
Westons
Ltd
"*
Wood
Apr
20c
Apr
Ymir
Feb
89c
29c
41c
7c
•
Yankee Girl
Powell
River
Rouyn
3.40
18,800
4,500
22c
.Jan
39c
Apr
16,602
34c
Jan
68c
Apr
Canadian
Aug
Friday
HO
7%
Jan
'
110
Jan
60c
_■
STOCKS-^
4.30
6.05
—
L)
*
Jan
88c
July
1
Glass
12,700
45c
2.00 May
600
81c
Jan
3,600
1.15
Jan
1.98
2.45
Jan
11%
Apr
15
Juij)
15c
100
3,100
Feb
40c
Jan
8%
6% May
110
41
315
90c
500
45c
4,518
80c
July
8,960
18C
Jan
37c
July
16c 16 %c
2,000
•
52c
18%
19 %
18%
440
19%
19%
35
42
34
34
34%
65c
3%
.
i'i
19
.
2%
110
18% May
29%
Jun
62
135
61
65%
Jan
4.70
5.00
11,125
10c
10c
24%
lie
14,500
:sK
Aug
4.05
5.00 Aug
Jan
1
12% May
95
74c
*
50c
19
19
1.35
1.35
1.40
1,600
1
68c
68C
69c
4,190
5%
5%
5
4
11%
11%
130
9
Apr
10
10
44
9
May
_:
Gold
End
South
Springer
.
70c
76c
50c
5% July
13
Feb
10%
Apr
15%
Jan
Jun
July
101
90c
Jan
May
Feb
64c
52c
4,750
50c
Mar
1,500
3c
Jan
9%c May
Jun
16
15%
16
1.45
4,800
9%
9%
10%
915
4%
4%
20
16
15
20
1.39
480
—•
;
•
•
*
Jun
Jan
1.84
Feb
7
Apr
10%
Aug
3%
Feb
5%
v
16% July
14
May
8
8
75
7
May
8
July
75%
75%
75%
170
67
Apr
77
July
79
79
80
130
72
Mar
80
Aug
*
—
16
15%
•
-
•
Steep Rock Iron Mines
2.85
2.85
3.10
1
Sturgeon River Gold______—
35c
35c
35C
500
i
22,275
—
1
2.40
;
20c
137c
Feb
4%C Jan
Jun
3.35
Jan
Jun
15c
May
9C
9c
3,000
Mines
1
2.70
2.60
2.85
6,750
1.50
J an
4.05
Sylvanite Gold Mines
-1
3.35
3.00
3.35
4,350
2.50
Jan
3.45 July
Sudbury
Contact
Sullivan
Cons
(G)
Tamblyn
■
•
'
—„—♦
19
19
19%
360
Teck-Hughes Gold Mines
1
4.85
4.60
5.00
4,646
Thompson-Lund Mark Gold Mines
•
60c
60c
60c
6,400
common
Toronto Elevators
Toronto
•
common
—__100
Mortgage
51c
34
34 V2
45
28
105
105
24
100
—-•
1.64
.__
Apr
3.50 Jan
__
31c
Transcontinental Resources
10%
34
Towagmac Exploration —___________
Finance A pfd
100
Traders
—/—*
Oreille
Southmount Invest
—
%
Jan
Feb
•
Apr
July
5.65 May
88c
Jan
36% May
20
Jan
108
Mar
110
26c
31c
4,000
104
104
9
24%c Jan
100
Jan
1.50
1.67
6,900
1.40 Jun
12%
4%c
1.500
66c
Union
Mining
United
Corp
Class
______
class
$1
*
—
A
*
SO
—25
B
"A"-
United Fuel class
Class B_
.
__
42c
—
--
—
—
8%
42c
29%
19%
44
4%
8%
44c
29%
20
45
4%
894
3,569
70
145
40
30
7% May
36c May
27%
16%
40
4
23c
23c
210
11
12
United
*
•
112c
6%
12c
5%
12c
67/8
1,000
1,195
Ltd—————---l
2.02
1.95
2.05
8,250
Oils
Steel
—_
48c
,
Apr
May
3.15 Feb
9% Jun
61c
2,700
30
July
May
22
Jun
July
Jun
46% Mar
Upper Canada Mines
July
For
footnotes
—
see
page
708.
•
12%
12%
12%
3,179
12
Jan
7%
Apr
30c
Apr
Jan
19
Apr
Range
Sale Price
STOCKS—
for Week
of Prices
-
Par
Shares
Low
•
Acme Glove Works Ltd common—
12%
•
Steel
Algoma
Preferred
—
—
______
______
16%
16%
"100
Sales
Week's
•
Last
Range Since January 1
High
Low
High
9%
50
12%
Jan
14% Mar
19
Jan
Aug
1,100
14 y2
Jan
5
97%
Feb
100
150
16%
94%
Jan
127%
Jan
105%
100
100
112%
113
105% 105%
158
100%
50
275
.I'-—'
-
0
Ltd
Aluminium
Co
A'uminum
—
Canada
of
pfd_ lioo
5%
.•
—
—
18%
18%
—•
Amalgamated Electric Corp
Asbestos Corp
•;
*
Power & Paper
Bathurst
Bell
25%
2.5%
16%'
16%
rfvf/ v:
13
26%
Mar
Jun
Jun
July
20
Apr
*20
British
British
Columbia
*
Trac
B
171
25%
1,496
:::♦
Jun
hi,
6
Jun
172
July
27%
Jun
15%
Jan
18% July
21
118
>.
18
Feb
Feb
25
18
24
Jan
22%
Jan
26%
4%
Jun
Jun
Building Products class A
Bulolo Gold Dredging ___—
3
3%
1,545
2
May
16%
16
16%
845
11
Jan
16% Aug
•
;
3
•
_____—
Bruck Silk Mills
'
18
24
■
____
161
136
25
25%
class A__
Pr
14 y2
581;
169
TOO
1
Light & Power
American Bank Note-
Class
16%
class A— —*
Telephone
Brazilian
24
24
24
533
18 y2
Jan
24
%y
20
20%
3,600
17
Jan
24
Jan
13
Jan
126
July
Jan
27
Jun
—
20
—5
Canada Cement common
12%
IlOO
Preferred
1,130
125
25
119%
25%
5
'
*
A
13
9%
125
13
—
25%
'*m
20
Aug
May
:V.
Jun
Canada
Forgings
class
Canada
Northern
Power Corp— III*
10%
10 %
10%
160
7'/a
Jan
10% July
_*
16
16
16%
515
11%
Jan
17%
Jun
1150
45%
45%
45%
40
Jan
46%
Feb
16% •
16
16%
Jan
17
./',r
51
51%
—
5 °!o
,1
Steamship common
preferred ——
■
40
■
•
Canadian Breweries common
Preferred
—-—
Canadian Bronze common
New
preferred
—
Canadian Celanese
Preferred
7%
Cottons
432
28
Apr
32
52%
52%
52%
46
Jan
59
Jun
1.70
1.68
1.70
160
Jan
172
July
27%
27%
8%
9%
8%
9%
*
"9
:/
■
B
Canadian
66.
45
'
285-
Apr
Apr
6'/a
Jun
27% Mar
Apr
6%
•V
10%
Jun
9%
v
Jun
15% Mar
35
Jun
3,230
11%
Feb
207/a
Jun
200
12%
Apr
15
49
Jan
70
33
Jan
40
Jun
42%
Jan
64%
Jun
290
29
Feb
36%
Jun
11% May
7% Mar
16%
Jun
12
Jun
Jan
18%
Jun
30%
29%
30%
240
—25
Canadian Pacific Railway—
26%
70
1,610
••
*
18
17%
18%
13%
13% '
65%
65%
383
40
40
205
60 :
250
Locomotive
Jun
30%
31
*
Class
Jun
14 %
Mar
—
.11*
41%
10
IlOO
Alcohol common
Jan
38 y2 May
50
1,031
'
Canadian
Canadian Ind
44%
-
40
13%
30%
"25
^__
——
275
July
51% July
13
13%
»
common
8'/a
6,081
40
_n
—
Canadian Car & Foundry common- —I*
'
Cockshutt Plow
*
—
——
Consolidated Mining &
Smelting— IIl5
•
Glass _—;
Consumers
Distillers Seagrams common- .__*
59%
60
"
Dominion
Bridge
33%-
—.——
33
33%
-ri-
Coal
Il25
12%
12%
13
375
Dominion
Steel & Coal class B____ —25
9%
9
9%
4,115
Dominion
Stores Ltd—.——
16
16
45
17
17%
405
78%
preferred
Mar
*
.
_•
Dominion Tar & Chemical common
*
Dominion Textile common—
Preferred
14c July
6% Jun
Enamel
2.59 Jan
Foundation Co.
&
——
Heating
Products
of Canada—,
16% Mar
preferred
______
17%
:
Jun
•;
May
18% July
12% Jan
72
79%
Jan
Jun
79
138
165
6
9%
9%
10
580
8%
8%
100
6%
24
24
25
20%
Jan
25
13%
45
10%
Jan
13% July
97
Feb
*
fr¬
ill*
—.100
14
165 165%
'
-
I100
Gatineau Power common—.—
Ventures, Ltd.
21c
Jun
Jun
Jan
3% Apr
1.85 Mar
2.40
Funds
Friday
Dryden Paper
8c
1.20 May
Jan
1.30
Montreal Stock Exchange
*
United
Feb
Feb
1,500
Dominion
•
Union Gas Co
9%c
Feb
24c
29,950
2.25
*
Petroleum ordinary—
Aug
100 Aug
14% July
3%c
60c
1.85
——-———1
1
————*
Osisko Lake
Pend
11%
4%c
5
—
Canada
_•
_
common-—-
Selections'
Jun
1.25
—125
preferred;
Preferred
Mar
82c
6%c
1.40
—
Canada
Jun
1.43 July
Jan
50c
15%
Chemical
of
July
14
6c
Standard Radio
Co
58c
\
20
Feb
July
Apr
10%
14,100
I
Mines
&
Minnesota
Oil
1.00 Aug
11% July
1.59 Feb
19
1.45 -Apr
Jan
99% Aug
100
75c
Petroleum
Standard Paving common
Steel
1.06
63c
20
100 100%
1
Sturgeon
Standard
15
100
Co
Southam
,
15
*
16%
10
100
—
Mines
Malartic
Sladen
10
*
Simpsons class B new
4%% preferred new
Siscoe
——■
—
31c
9,200
Mar
18c
5%c Jan
13%
common-
Jun
4
24%
70c
new
1.00
common——
Ontario Paper
May
62
1
preferred
1.00
Ltd
Aug
11% Aug
July
35
Jan
13%
New
Feb
22 % Mar
28% Feb
250
3%
May
71c
Silverwoods
Jan
15%
Jun
Jan
13%
common
1.28
19
Apr
18%
15
•
Silknit Ltd
1.40
18%
Apr
-
36 %c Jan
325
4.85
Gold Mines—
1.30
Hayes Steel _______—___________—•
Jun
28c
11%C Jan
155
1
Gold
Foothills Gil & Gas—
150
Jun
70c
Jan
Mar
1
Creek
Feb
Aug
11 % Aug
Feb
1.39
31
Scythes Ltd new common
Bherritt-Gordon
29
Jun
10% May
34
13,150
18
10%
40c
Jan
37% Jun
150
30
Canadian
47c
48c
Jan
1.15 Mar
Jan
95c
9.20
56% July
Jan
34
Sup'test
Senator Rouyn, Ltd
Sheep
Jun
Jun
461
Mar
4% May
2.25 May
.
8
150
3.45 May
Apr
15% July
.i":
28c
11%
Langley's
57,150
> 1.85 July
50% Mar
150
_______
1.65 May
38c
3'/a
24%
Shawinigan
Jun
Jan
Jan
11%
common.
Paper
Donnacona
May
22
98c
20
*
50
—100
pfd—i—
Mar
18% Mar
300
Apr
1,800
120
Gold Mines Ltd
1.01
Jun
25c
2,500
17,400
Sand River Gold Mining
9
Oil
70c
Jan
33c
Bridge
34
10
common
8%
2
55
33c
Consolidated Paper
Jan
3%
55
Apr
11
2.00
May
Dalhousie
*
—1
pfd
3%
1.90
19 %
15%
•
Lumber—1
Westinghouse
Dominion
39
Russell Industries common
Apr
Vinegars
Canadian Marconi
Canadian
Western
Canadian
15
1
2
*
Canada
45%
Apr
46% Aug
160
July
4.15 July
75
Jun
22% Mar
2.25 July
51
500
67
20%
*
.—
650
3%
3%
65%
20%
—
Gold
Dominion
44c
Royal Bank
common
Preferred
Bulolo
Jun
39
Royalite Oil
Apr
7.10 July
33%
1
10
*
May
130
4.45
93c
—
34
15
4.35 Jan
•
,
20
Feb
8.50
39c
Apr
1.75
Jan
440
150
Co
Brown
11
Jan
635
46%
Apr
5%
5% May
1.06
18
-8%
11
42
150
2.40 Jan
45%
90c
High
Low
10%
8,370
45%
Range Since January 1
High
100
—1
100
5
Preferred
2,600
—
common—
Feb
Section
Sale*
for Week
Share*
Columbia Pulp & Paper com__*
British
4.30
12%
21c
7%
95c
8.50
of Price*
low
Beath Ltd class A—
6.10
12%
21c
7%
class A—
Paper
May
37c
10
12%
Rouyn Merger Gold Mines—
Lawrence
9,500
41,000
100
*
1
Roche Long Lac
Corp
64c
16c
8,000
1.60
2.80
—1
.....—I
*
16% Aug
Jan
Feb
5%
1.46
2.69
—
Jun
Jun
5c
1.58
75c 76 %c
32c
34c
21
21
1.30
1.35
1.05
1.19
75c
32c
1 ■'
24 %c Aug
19%
1.49
19%
4.05
6.00
.
r
9c
5%
__
,
22,000
8c
1.58
;
31c
10
*
44c
Jan
8c
Jun
■/
2.12
1.19 Jan,
.
100
78c 82%c
9c
79c
1.40 July
29
;
16%
1.60
2.80
Regcourt Gold Mines
Ban Antonio
Mar
16%
24 %c
1
—-—1
Co
—
Riverside Silk Mills
St
50c
26% Aug
10,867
—
Queenston Gold Mines
Quemont Mining
A
4,540
270
13,050
25c
Range
Sale Price
;
Apr
36c
45%
Lawrence
67 %c
1.95
Preferred
Class
Aug
1.65
34c
—
Mica Mines
Purity Flour Mills common-
St
44c
34c
__
Purdy
(P
4,000
1.85
1
Mines
May
25c
Feb
28
1
—1
Proprietary Mines
Robertson
18c
1.15
——1
Dome
Quebec Gold
July
44c
*
1
1
Co
East
Preston
65c
„
Week'*
Par
9c
1.00
—
Funds
Last
9% Mar
1.20 Jun
14,500
26%
1
Premier Gold Mining
3,000
Toronto Stock Exchango-Curb
Apr
,July
6
40
,
Feb
3.90
Jan
107
14,000
—
44c
*
Voting trust certificates
14
95
112
6% Aug
2.26 Mar
16
8
72c
Jan
5%
20
1.00
1
Gold
Jun
Julv
Jan
5.00 Jun
Apr
Jun
1.63 Mar
5
325
9%c
46c
1
Mines of B C
Powell
17c
1.08 July
9c
9c
Bol
1
Gold Mines—
Porcupine Peninsular
Porcupine Reef Gold Mines
18c
_—
12J/2c Jan
•
.a
Mines
Apr
35c
Jun
3%C Jan
10,500
18c
40c
64c
1
Gold
Pioneer Gold
41c
7,200
*
Engravers
fickle-Crow
Feb
41c
^
3.30 Jan
46c
1
6,500
8
•
..
Mines
Gold
101 Va
Jan
4.50
v
.
Mines
2,700
60c
67c
1
Credit Securities
•^non
Photo
6
68%
100
70c
HO
*
Paymaster Cons Mines Ltd
Peoples
Jan
July
19
Feb
„
15c
1.25
6'/a
6%
1
Malartic
Partanen
99
8c
3.15
3.20
50
._—
Mines
Paramaque
145
20% July
Jan
89%
____100
•
pfd
18
18%c
11%
1
•
100
———.
Jan
15% May
780
101%
OO
Jan
Aug
145
70
18
20%.
20
22 y2 May
1.77 Mar
1.63 Feb
156
Aug
Apr
1.20
85c
50
156
156
I 17%
20%
28%c
30c
38c42%c
6
1
1
6,800
69c
__
1
:—
19,750
87c
21*
Apr
Refining
Oil
1.45
84c
Mar
69
Apr
26c
Pandora Cadillac
Pantepec
1.35
85c
15c
1.20
6
6%
__
15c
1.24
*
Ltd
1.45
•
Alexander
Jan
_•
Porcupine Mines
Pamour
1,240
♦
Preferred
6%c Jan
5
(new)
801
22%
-100
pfd
Products
Wright Hargreaves Mines
•
Hersey
5.10 Apr
79% Apr
4.50
76%
-
common
Wiltsey-Coghlan Mines
Winnipeg Electric common
500
Oils
Pacific Oil &
3.65 Aug
4,895
3.65
22%
4%% preferred
1,500
Pacific Petroleum
Page
1,05 May
1.65 May
July
Apr
July
& 75%
1-v
_
'
Pacalta
32c
Jan
70c
3.70
Malartic
He
common
Mines
Gold
High
'
'■
12c
22%
<
Lake Gold Mines.
Wasa
West
12c
Gold Mines—
Orange Crush
;
78c
76%
•
corn-
Preferred
11c
—
——
Mines, Ltd
Ss Worts
Walker-Gooderham
12c
Mines
Loan
Low
94,700
2,600
12c 13 VatC
75c
.
Range Since January 1
High
'
Yellorex
__—;
Gold
Orenada
64c
Jun
2.35
13% Aug
Vicour
20c
O'Leary Malartic Mines
Ontario
37c
Aug
29c
1,800
13%
37c
37,350
2.55
*
•
—•
Mines
Shares
Oils
Vermilata
—1
Mines
Star
Omega
1.26 Jan
3,900
—1
Corp Ltd
Mining
Preferred
O'Brien
.
•
Canada
for Week
Low
1
Northland
North
45c
13,550
1.69
37C
13%
Norgold Mines Ltd
Northern
1.60
1
Oil
Nordon
Aug
13 % Jun
19c Aug
29
Aug
22
Jun
1.85 Feb
75c
Apr
17% Mar
2,500
Feb
Apr
Jun
Mar
40
10%c Feb
22% Feb
21
5
__.
>j
Feb
44c
Malartic Mines
1.10
24%
65%
30c
Aug
12
21
.1
Norancta Mines
40
120
26
—————.—
Mines
Aviation
Norbenite
100
13
•
Yellowknife
Nipissing
Noorduyn
40
18c
.*•
__
Bidlamaque
New
.
13
40
13
______
class A_
National Steel Car———,
Negus Mines
....
16c
__
.•
>c
Petroleum
National Sewer
53c Jan
20% Mar
57
Jan
20c Jan
6,100
.*
common-—i'.
National
National
21%
.•
Mosher Long Lac
Sales
Range
of Prices
High
Low
No.
1,940
1,675
315
76c
79c
STOCKS.
Range Since January 1
Low
79c
22V4
Heat St Power.
Light
Corp
'i:
1
Porcupine
Week's
Last
Sale Price
Sales
Last
Moneta
ENDING AUGUST 10
Friday
Friday
STOCKS
Monday, August 13,194S
COMMERCIAL & FINANCIAL CHRONICLE
THE
•'
101%
13%
101% 101%
161%
Feb
165% Aug
11
8% May
Jan
.
Jun
9 % May
102
Jun
Aug
»
Volume
XTHE COMMERCIAL & FINANCIAL CHRONICLll
Number 4411
162
7071
MUMN(Mil
CANADIAN
LISTED
MARKETS
'
RANGE
Week's
Range
-
Last
STOCKS—
,
.
Sale Price
Per
■
;
Geixeral Steel Wares common.;—;
19
,v,
100
Preferred
19
105
15
11'/a
12
7
*
11%'
Hamilton
*
10
:
7%
7%
High
Par
Aug
Canadian
105 % May
Canadian
12% July
19%
Apr
102
8%
Jan
240
6%
Feb
7%
General
Investments
Industries
Ltd
class
—
Kollinger Gold Mines
—5
12%
875
:
22
111
975
/-•/•/ 15
31%#; 31%
31%
437
V 30%
15
15
15 V2
925
13%
131/4
'113%
13 %
673
12V4
—
f 22
'111
—
Bay Mining———_—„_*
87/a
B
.21
...
Jan
>
110
Apr
Canadian
Feb
Canadian Vickers Ltd
Feb
Jan
35
/ Mar
Jan
165/b
Jan
7%
13% July
7% Aug
Pap &
Ltd—
Oil
—„——*
,
Imperial Tobacco of Canada common.5
Preferred
Industrial
—£1
—
_„•;
Acceptance Corp common..*
Preferred
International
Preferred
Bronze
27%
-.,-105%
May
18 y4
Jan
101
16
16%
16%
16%
75
32
31%
32
135
Catelli
Jun
5
29%
Inv
Preferred
36%
1,187
31%
5%
30%
1,006
21%
2
97 y2
Apr
Petroleum
International Power
21%
22%
2,820
21 y2
Jan
36%
Ltd—i.,—*
Co
22%
•
common—
Preferred
Utilities
10
6%
1
Food
Products
Jamaica Public Service Ltd common..*
Jan
113
35
May
Laura
Secord
16%
16%
16%
;»•
12%
11%
12%;
10
10
*
28%
28%
29
24
24
24%
—
_
McColl-Frontenac Oil
Mitchell
(Robert)
—
Breweries
Molson's
12
18% Mar
15%
Feb
.
A
Cottons
Montreal
.100
common
140
Jun
Jan
6%
Apr
7%
Murphy Paint Co preferred
—100
166
Leather
Preferred
—*
common
:
40
25
—
57%
East
Kootenay
Fairchild
Jun
Fleet
Car
Aircraft
Ottawa Electric
Aircraft
Aircraft
Eraser
"
140
May
20% Mar
10
105
.
Aug
24% Apr
28y2
Apr
,
r
'
' 3
*
May
37
473
.106
de La
July
41 Vb
May
„
Labatt
(John)
St
John
Lambert
Feb
Jan
&
P
15
Mar
9%
12
3,049
15
25
4%
4%
11%
Jan
4 %
29
30
800
Feb
12%
Jun
Jan
18
Apr
2
1,865
29%
Mar
25
13
24
50
Mar
28
39
41
895
34%
Jan
43
Jun
7
7
35
3.00
Apr
7
Aug
Feb
10
"May
•:X8":
Ltd A
8
2
—*
7%
7
7%
22%
22
22 %
6
•"
296
•
315
*
33
33
7%
8%
4% Mar
22
Jun,
Maple Leaf Milling Co Ltd common—*
Massey-Harris Co Ltd 5% pfd——100
28*
135
/
38
75
50
Jan
28%
;
23
Jun
Jan
36
Jun
% Mar
.175
18%
Jan
15% May
Jun
.,——*■
Power
&
Paper Co
9%
^
._*
87/a Mar
9#/«
610
9
July
27
'■
27
110
22%
Jan
30
Jun
16%
Feb
13
13
35
27
27 VB
400
12
.
Jan
22
Mar
105
10% 'Jun
Feb
28% July
Jun
24% Mar
168%
Lowney Co Ltd
7% July
Jun
24
325
59%
h;
Jun
6
4
1
;
(Alfred)
MacLaren
57%
Jun
24
41
Jun
■
-
July
30%
24
Jun
Apr
7
Jan
*
26
•
4% July
3% Mar
:_*
com
22
20
Jun
14
1,025
P
McColl
Frontenac
Melchers
Jun
;•
Oil
Distilleries
6%
pfd_100
106%
common—*
4%
cum
Ltd
Preferred
5%
Jan
8
38
Jun
Minhesota
Jan
11%
Jan
Meore
Jan
101 Va
Aug
Mount Royal Hotel Co Ltd
29
Jun
Noorduyn
61
Jun
Nova
150
10
50
I
972
107
2% Mar
487
ioya
9% Mar
Jan
5% Aug
11
July
Jun
Jan
8%
'
06% 106%
4%
5%
10
;
28%
Apr
101
.
-
'
P
J.*
}»' '
27% Aug
61
61
55
150
5
146
Jun
18
18'A
300
14
Jan
18 y4 Mar
18%
21
-
57% Mar
N
C
preferred
765
7
Jan
12% Jun
Purity
33%
34%
1,940
32
Feb
37% Mar
Quebec Pulp & Paper 7 %
5
100
Mar
102% 102%
i-
12 %
\
"U '
12
'
$
12 V2
''"1 '
1,000
'
'
f"
r-
9'A
Apr
103
Feb
♦
Flour
Quebec Tel &
Southern
>
15%
Feb
17%
5
10%
Jan
13
Southmount
Jun
12
Saguenay Power preferred
—100.
St Lawrence Corporation common
*
12
12
345
105
105
13
105
Feb
.106
Jan
107
United
Jan
105
July
106
..,^.25
106
27
3'A
,
3y2
3%
1,250
24%::25%..
61
63
330
446
,18%
19%
1,493
24'%
.
25
25
63
12%
Jan
Jan
58%
Jan
Jan
4%
'
955
3%
Jan
108
7%
41;
14%
Jun
65 %
,
Jun
14
Mar
14% July
108
109
20
99
Jan
50
7%
Feb
35
Jan
106% July
46% Feb
110
6% May
40%
41
235
36%
7%
70
7%
Jan
110%
112
139
23c
23c
848
10
10%
2,030
Jan
8%
Jan
7%
_*
;
.
pfd
100
110%
invest Co Ltd
Chemicals
10
Jun
50
Jun
7%
107
Jan
22c
8
112
Jan
Apr
July
July
_*
./
..
30c
Apr
ll7/a Aug
*
Windsor Hotel Ltd
19
*
:
29%
29%
.
10
19%
100
10
10
33
I
33
37
28%
Feb
30
Apr
17
Feb
21%
Jun
8
Jan
11%. Jan
...
Jun
68
Corporations class A
Class B
Jun
29%
2% May
18%
14%
106% 106%
42 %
42%
•
.7%'
red pfd—100
class A
Pr
—-
*
Jan
11% July
July
105
11 y2
50
common
Canada'Power 6%
"
100
13-13
'
Mills
,
Feb
6%
108
:T
57%
25
1,425
•T
12% Aug
d
17
17
—100
Paper preferred—
2nd
255
10%
34
'
,-50
100
Part
1st pfd—100
45
U
13%
pfd—,——100
12
62%
11
13%
i'fb
2121%
Standard
-—-
P
&
10
——*
Preferred
L
%T
11%
62%
Aviation Ltd.
Scotia
6%
Jun
12%
•
Power Corp of Canada 0%
18% May
22
& Ontario Paper-Co——5
Corporation Ltd
:
*
10%
*
-
15
27%;
99
150
__
—
—
11
lOUOiy^
—
Mills common——*
Rolland Paper——-—*
Lawrence
Jan
15
—
25
Knitting
St
5
6
(Can)
30
*
.A: preferred
Jun
July
10%
46
18
—100
:
18
41
170
————
Ltd
125
j'&T* *
Regent
Salle
International Paints
8
—————1
\
40
Feb
190
12%
43'A May
174
-
Power
Jan
Feb
8%
w
Hotel
Jan
10%
—
Quebec
30
15.
35%
1—*
37%
————100
Transport —
«
Provincial
37%
,5%
Realty'
8
Price Bros & Co Ltd common
*
37
12%
A17% Mar
18
10%
Power Corp of Canada———*
:.l5% preferred
30% July
*
S
468.
174
—100
Powell River Co
29% Aug
5%
Companies voting trust
10%
common
Development
2.00 May
200
class A—*
37%
Preferred
Placer
Jan
29%
»
8
—
Ltd
60c
30
50
Page-Hersey Tubes —————27%
Penmans
100
37%
5
—__
Rwys
9%
280
700
18
Ottawa Light'Heat & Power com—100
Preferred
Ltd
Feb
75
14% July
10% Jun
13%. Jan
1.75
——1100
Ltd
Jun
Jan
29%
29%
*
pfd
Jun
50c
8%
17
45
174
*
1%
26%
;
Ottawa
5,070
Mar
1.75
39%
Ltd__;
Co
Pr
22% May
22
25c
7
17
23%
27%
/
9%
14%
39%
21%
27%
100
-Preferred-
14%
._*
45
—
Ontario Steel- Products commOn——**
57
21
21 %
—*
30c
*
490
40%
30c
Mar
42
430
23%
56%
—
National Steel Car Corp:
*
Niagara Wire,Weaving
*
Noranda Mines Ltd——————*
Ogilvie Flour Mills common
40
A—
320
168
7%
*
Ltd
class
Donnacona Paper
Lake
National Breweries
Corp
Foreign Power Sec Corp Ltd
5
—
7
2.50
Aircraft
25c
88
,—5
Ford Motor Co of Canada
10
Feb
5%
17% May
Jan
Jan
!
50c
Feb
1,965
13
49%
Jun
140
11% May
175
Jan
117/a
,.21% 22%
*
24 '
24
217/s
—,
12%
Jun
Feb
Godfrey
Montreal Light Heat & Power Cons,--*
Montreal Tramways —,
100
55
3%
29
9%
July
2.25
May
Mar
4%
23 % May
350
10%
Apr
1.85
10
13%
8'A Mar
1,296
July
50
10
Jun
Jan
11
2
:
Jun
8
73
900
Dominion Oilcloth & Linoleum Co
Dominion Square Corp__
Feb
31
16
25
—-3
—.—*
Candy—.
.
Jan
247/e Mar
50
110
12
12
47
Consolidated Div Sec class A—
Jun
Jan
29
Jan
Apr
46
35c
Davis
265/s
17%
255
47
Dominion Engineering Works Ltd——*
Dominion Malting Co Ltd
20
108%
12
6%
2,400
55
Jun
33c
Preferred
Jun
5
29
2.00
'
Apr
4%
4%
—
24 y2 Mar
20
,17%
Jan
100
Preferred
*
30
__
•
172
4%
25
12%
*
113
17%
Lang & Sons Ltd John A—
71
1.90
2.00
common.......*
38%
27% May
130
2
105
10
.7%
71
Company
Cub
33%
Lake of the Woods Milling common—*
Massey-HarriS
-.ta
Jun
Mar
400
55
Lumber
Westinghouse
Consolidated Paper Corp Ltd
30
__
3%
6%
Claude Neon General Advert Ltd com_*
May
113
-
10
15
168
108% July
33%
—100
International
'
9%
*
*
—100
39!/a May
Jan
105
com—.*
3%
pfd
33
Jan
27
105
Canada
common
•
International
35
15
_——100
International Nickel of
3%
171
High
Jan
157% Aug
167% May
40
171
common—
Preferred
International Paper
Low
13
210
Commercial Alcohols Ltd common>
32% Mar
Jan
Range Since January 1
High
14%
157% 158%
157%
—_1
preferred
Canadian Western
Apr
Jan
15
—25
—
Feb
Jan
700
104
._*
common—
——
7%
7%
27%
104
__
Low
14%
-
Jun
24%
7%
27%
__
100
——
Pr
cumulative
Canadian
Imperial
;f
Jun
24
;>
;
.
100
13% May
„
.
Shares
*
preferred
-.112
114.-. Mar
12
22
V
Howard Smith Paper common——*
Preferred
*.—
100
Hudson
I-
for Week
of Prices
Ltd—*
Canadian Marconi Company
Bridge
Sales
Range
Sale Price
stocks—
Jan
15%
1,285
'
Week'®
Last
3,150
105
Gypsum, Lime & Alabastine——
AUGUST
Friday
Low
18%
__
ENDING
Range Since January 1
Hloh
Low
■
,
*
Shares
WEEK
Sales
for Week
of Prices
Friday
FOR
Jan
Woods
Manufacturing Co__
*
33:
:*
11c
*
8c
88.
297/a
Feb
34
July
Mining Stocks
Shawinigan Water & Power
.—*
Sherwin Williams of Canada
com
,
*
Feb
20
Jun
Aldermac
Mar
16%
22
25
Jan
Arno-
Ltd—
Corp
Copper
Mines
Ltd
——
Aubelle Mines Limited—
Sicks' Breweries
——*
Southam Press—
Canada
Power
Preferred
•
•,»
Tuckett
*»*
t-,!
Tobacco
•
-
'r«».
*
'
'
80%
•»♦.
~s
•Preferred
Jun
16
/A,
*
„
•
1.20
15,050
22,000
1.20
1.30
;. ■
5,700
9%c July
19c
July!'
Jan
23c
May
37%c
Feb
79c
75c
Jan
3c
Jan
14
Jun
Jan
76
Apr
80%
163
Mar
Apr !|
-
1.72
1.85
1,000
2.24
Jan
25c
25C
27c
4,700
8c
Jan
51c
41c
Apr ;;
——1
40c
43c
6,900
35c
Jun
60c
Jun
.llo-,13c
5,000
7c
May
31c
May
11c
1,000
6c
Jan
18c
May
_1
1.45 July
July
74
Jun
Gold & Diamond M
Cartier-Malartic
T- 4l y
Gold
Cadillac
Central
Gold
1
12c
Ltd—_1
11c
Corp
Mines
Mines
Ltd
~1
lie
30c
29c
33c
29,300
4c
Jan
54c
Aug
Centremaque
Mines
—1
45c
42c
54c
35,300
33c
Jun
60c
Century Mining Corp Ltd
1
30C
30c
30c
4,500
10c
Jan
45c
May
2.75
2.75
4.00
3.25
4.60
1.05
1.00
1.05
40c
63
153
58
Mar
63
76
125
70
Mar
78%
-455
21
Apr
Jan
22
6%
Jan
,14%
Jan
.91
'
11%
*
1
"*
22
V
'
V
3L70
6"%
July
East
Sullivan
liy2
12
750
—89
89
15
75
Ltd--,——1
Mines
Mines—
,-1
100
38,475
2.55
Jan
2.99
52c
Apr
7.00 May
Jun
Mines
—1
Formaque Gold Mines
———.—1
64c
64C
500
2,000
20c
Mar
1.00 Aug
2.21
|
Jun
•
Gold
Eldora
30
Gold
Malartic
East
Apr
\ '
22
ji
May
22% Aug
19%
22%
22%
Apr
f
Jun
Jun
15
37/s
j
Apr |j
1.80
———1
Radium Ltd.—
&
Brazil
10 y2
69
1,505
'
100
Explor
Jun
62
22 */s
*
15
80
''
6,500
9c
63c
;*v
Bear
Beaufor Gold .Mines Ltd
Bonville
Gold Mines
.ta
75 y2
-
.
July
300
.
Aumague Gold Mines Ltd-—^—-1
11c
8C
Jun
101
6
22
common
•*
30
99 y2 Mar
170
63
Ltd
Winnipeg Electric
T
Jun
220
13
-V'1
32
Jan
170
'
*
'„"**•
150*
•
22% Apr
/ 23
5%
__
6
—•
com
—
'
'
76
80
16
12%
*
*_•
Preferred
Wilsils
75%
»
Wabasso Cotton
5
—
100
Walker Gooderham & Worts
75
76
>
preferred
United Steel Corp
155
26%
15%
«
•
25.
—
'
26%
—.
—
Steel Co of Canada common——
28%
100% 100'A
—
100
—
Southern
27%
common-^—28
ctfs——
Simpsons, preferred
trust
Voting
10c
55c
1
Apr
jf
£
ti
1.75 May
>:/,
46c
5
Jun
Goldora Mines Ltd—-
July
1
38c
38c
_1
36C
36c 40 %C
19,000
20%c Apr
1
—:
8c
:
8c
6,815
2%c Jan
4,400
7%c Jan
4,500 /
30c
July
July
|)
ITeva Cadillac Mines
?:'/
B&nliS•*'*
Commerce
"
(V'l*..v.;."?!
^
:
Montreal
—
Nova Scotia
Royal
10
16%
10
—————
19 V2
—————10
h..,-':-,-
-f-V'-v'
16%
19
28%
18
__
330
19%
28%
—
——10
—
16%
64%c Apr
18%
14
Jan
858
16%
135
/
27
970
15%,
17%
Consolidated
Gold Mines Ltd
Jun
J-M
Jun
Joliet-Quebec Mines
Apr
19%
May
29%
18 %
July
Ltd-—
70c
70c
13%
13%
14c
—1
15c
;
13 Vac May
1.50 May
Jan
Jan
7c
Addison
Kerr
Gold Mines Ltd
—1
Kirkland Gold Rand Ltd
1
Lake Shore Mines Ltd—
Lingman Lake
2,900
20%
21
100
69c
60c
69c
6,700
1.95
1.70
2.00
26,650
6.35
6.25
6.50
600
1
—
150
—
11%
Jan
7c
28c
Jan
18
46c
14% May
Jan
,
24% May
July
Apr
69c
I
Aug
j
1.55 Julv
2.00 Aug
j
2.97
6.70 May
*
Macdonald
Corp of
Mining
New
—.—
—
Calumet
Canada Ltd—
*
Feb
1
35c
35c
41C
4,000
25c
—.—1
3.35
3.20
3.40
6,400
2.25
Jan
3.80
Apr
33c
36c
7,500
10c
Feb
44c
Jun
5.75
5.85
1,600
1.50
1.50
600
34c
35c
3,100
9'
9
100
17c
16c
20c
7,400
31C
30c
38c
8,900
Mines
July
Canadian Funds
Par
AbitibI
Power
High
4%
2,555
60
58%
60%
580
44
Mar
158 163%
6
144
Jan
17
July
100% July
Beatty Bros Ltd
class
100% July
T—
American
Oil
British
Columbia
Packers
British
Col
Lrown
Co
Ltd——
Ltd—
8
&
For
—
footnotes
see
page
'
24
230
23%
34
52
45
45
120
3%
3%
3%
—
67
67
pfd— -100
708.
High
2% Mar
5%
62%
170
Gold
Dredging Ltd
1.
Gold Mines Ltd-.
Jun
Quebec
Yellowknife
3uemont Mining
34c
—
—.——
Red Crest Gold Mines Ltd
—*
♦
1,174
.
170
35
23%
25
Apr
39% Aug
Jan
25%
Mar
36% May
2.30
45
Jan
yJan
34
45%
4.15
75
Jun
Sherritt-Gordon
July
Siscoe
Gold
Mines
Mines
Ltd
Ltd—
4.75
Jun
Stadacona Mines
Jun
1944 Ltd
Standard Gold Mines-
'.
Sullivan Cons Mines Ltd—
26
226
53
54%
19
49
Apr
105
105
19
100
Jan
107
May
120
4
117
Feb
120
Aug
East
108% 108%
76
108
Apr
111
Jan
Homestead Oil & Gas Ltd-
120
—-
22% Mar
26%
56%
1.19
Feb
5.90 July
Jan
1.79 May
21c
Julv
39%c July
Feb,
9
Apr
60
Jan
25c
Apr
15c
Jun
27%c
38c Aug
1
68c
70c
2,400
68c
Aug
80c
May
1
75c
75c
3,800
65c
Jan
90c
May
Jan
26
105
■
5.75
—1
Jun
Jun
.
8
6%%
:
32%
8
Sugar
Cable
35
45
—
&
39%
34
Malting Co Ltd
Canada Northern Pow Corp 7% pfd_100
Canada Starch Co Ltd 7% pfd — -100
Wire
70
II II
Canada
Canada
100
-100
*
Dominion
—
«
common
Cons
Gold Mines Ltd-—1
Rochette Gold Mines
com.
Preferred
Canada
—
450
39%
T
17%
100
m
Pulp*& Paper Co
Company
17
17
<•
A_
British
Pato
Cadallic
17% July
Low
Perron
Acadia & Atlantic Sugar common-
Too
Pandora
Range Since January 1
4%
——
—
Shares
Low
Paper common—
Too
6%
cumulative preferred—
V/o cum preferred
_100
41c ' Aug
for Week
of Prices
4%
&
Preferred
Sales
Range
Last
Sale Price
STOCKS—
O'Brien Gold Mines Ltd
Week's
Friday
_„1
1
50c
2.75
1.05
Apr
4,869
60c
Mar
50c
56c
27,300
43c
Apr
1.00 May
2.61
2.90
13,000
Jan
3.80
70c
———
72c
1.50
Apr
Jun
Jun
Oil
Stocks
Crest
Oil
Co
Ltd—
*
10c
1
lie
10c 10%C
3,500
12c
23,500
10 %c
Aug
21c
Apr
4%e Jan
18c
May
10c
Monday, August 13, 1945
COMMERCIAL & FINANCIAL CHRONICLE
THE
708
OVER-THE-COUNTER MARKETS
Quotations for
Friday August 10
For Quotations on
Specialists
Shaskan & Co.
OVER-THE-COUNTER SECURITIES
250
Members New York Stock Exchange
Trading Markets
Firm
40 Exchange Place, New
Tel:
120 Broadway. New York
Warp & Co,
Members New York Curb Exchange
•
ISSUES
ACTIVE
Phone:
BOSTON
Direct Wires to
—
1-2173 & 1-1288
Reorganization Rails
PHILADELPHIA
—
Bell Teletype NY 1-953
2-8700
REctor
Tele. NY
HARTFORD
(When,
Bonds—
P»I
1st 4s
Bid
Par
Ask
•.
8.50
4.92
Keystone CustcMan Funds—
9.32
Series
5.38
28.47
B-l
B-2
29.44
4.60
4.20
1
B-3
19.34
11.92
13.09
Series
B-4
6%
-
Fund B.
Series
Series
Series
..
-.'
.
|
19.86
29.71
Series
Investing—
1
ACommon
of America
Bond Inv Tr
,
Invest Co Inc
Bujlock Fund Ltd
.
1
Century
-•
•
Mutual
9.88
25.41
148
12.82
6.26
7.40
Income
1.60
Industrial
2
14.80
...
Securities—
Agricultural shares
Automobile shares
7.38
30.67
6.47
7.33
se&les
stock
8.05
5.50
—
series
6.08
7.25
series
8.08
7.68
8.45
4.36
4.91
8.78
priced bond series
priced stock common
series
9.70
1
—
6.50
14.87
12.04
Agriculture
13.23
7.68
-—-
Building supply
—
14.03
10.79
11.86
8.81
stock
8.45
12.77
Automobile-
9.69
9.03
9.96
>
-
RR
J.
11.09
.
—
■'
55
31 %
63%
—
33%
65%
Companies
A«k
ruf:
Ask
Bid
nid
42 y2
26%
15 Va
45%
8.65
Petroleum
5.87
Putnam
Life
American
Alliance—
American
8.45
9.49
8.10
6.72
'v
1
10%
; 11%
31%
28%
Maryland
Massacnusetts Bonding
12 yB
13% :
Merch
17
4.10
11.86
National
National Fire
10
38
41
Bankers &
7.40
64c
100
2.91
New
20%
22%
North
20%
22%
Connecticut General Life
10
66
68%
54.50
Fund
Bond
series
—
Union Preferred Stock
U S El
-v
1
32
c;
,
Employees Group—
36
62
.10
Employers Reinsurance
■
"
Fire
Indemnity Co__
Preferred Accident
"
10
50%
.20
155%
Fire Assn of Phil a
.10
57%
60%
Republic
.10
92%
96'A
Revere
of
1A
Glens Falls Fire
&
19%
2nd
preferred
Corporations
ABlair
18.76
AFlret
15.29
Corp
Boston
26%
28%
Reinsurance
Corp
28%
101%
Fire
;
14'A
37%
5%
(NY)
6%
.—10
28 7A
31
.—10
23%
25%
.12%
70%
73%
10
45 Va
.10
SpringMeld Fire & Marine——25
,117'%
(Texas)
(Paul)
Fire
St Paul Fire & Marine
—
Security New Haven
52 Vz
35%
33
'36y4
123
38%
Standard Accident
—10
Travelers
*.100
553
575
Co—2
42
44
U S Fidelity & Guaranty
—4
105%.
49%
10
76 %
79%
2.50
U S Fire
10
62%
88
12%
91%
31%
26%
8
„„
.9%
/
•
30
-4.-
Hanover
32%
35»A
U 8 Guarantee
Westchester Fire
—
52 %
Recent Bond Issues
Pow
Bethlehem
5%
44
5%
45%
&
Si
Steel
2%s__1980
Tel
100%
101 %
Louisville & Nashville 2%s .2003
106
1975
101
105%
1975
100%
100%
1974
103'A
104
Elec
Narragansett
Co
101%
.1974
106%
107%
.1975
100%
101
.1975
98%
1965
101%
102'A
3s_— 1975
101%
102 Va
3s
Elec 3yas
Portland Gen
Reading
Vermont Pub Serv
Cent
Art
k_,
Mountain States Power 3s_
3yas„ 1974
Lt
2%8
Birmingham Electric 3s
Bid
Ask
Bid
Tel
Arkansas
10
8%
<
87%
American
105%
84
35
9
—.
20.47
1
1
& Co
49%
46
8
.———8
1—15
Rutgers Fire com
Great
58
54»/s
.10
-
& Republic
Globe
-8
Corp..
Marine
189
14%
23%
1 O
„8
■
52%
164
21%
._8
Newark.. •
Fire
5%
91
57%
,
10
Fidelity & Deposit of Md
Federal
19.70
Investment Banking
1.16
87 Va
Phoenix
Providence-Washington
American
15.23
'.5%
29
Pacific
Pacific
30
33%
25.28
1.03
31.43
23%
5
^
9.16
23.13
Lt & Pwr Shares A
22%
10.29
8.37
Fund
13%
-2.50
24.05
9.41
Union Common Stock Fund B
48%
12%
25.92
22.00
C
32
45%
97c
25.14
A
B
Wellington Fund
14.95
87c
25o
29%
55 Va
51%
10
29
B
Northern
Crum & Forster Inc
27
10
Northeastern
%'
184
—.10
River
8
5
174
2
Casualty-
Fire
10
Continental Casualty
6%
20
..
12.50
York
City of New York
Camden Fire—
15.61
13.90
Amsterdam
59
5%
New Hampshire Fire
680
655
71c
51.50
—10c
Utilities
Series
29.28
28.92
56
New Brunswick
81%
78%
25
Shippers
Boston
New
33%
31
—10
Casualty
National Liberty
National Union Fire
7
6 Va
—2%
5%
6
(Detroit)—10
■
12.94
6.76
1
Trusteed Industry Shares
64c
1.76
14.25
—i—
Fire
19%
68
Gibraltar Fire &
103.93
State Street Investment Corp—
2.60
Monarch
61%
18 V#
66
.
5%
4%
4
Fire N Y—
Mfrs
&
10
Baltimore American
55 Va
18%
.
58%
10
85 %
51%
8
0
2%
,95%
82
-12%
Merchant Fire Assur—
11%
16%
25
General Relnsurahce
3.73
6.45
27.23
1
Casualty
12%
18 Va
5
Surety.
16.95
2%
Sovereign Investors
Series
1
36 Va
10
28 %
22%
20%
Reserve
15.76
101.87
Standard
1.05
Investors Fund O
93
20
Re-Insurance.
Globe
Selected Amer Shares
5.58
Union
10
10
Fire
American
20
•
Fund, Inc
5.45
98c
'/Investment Co of America
Insur Co of North America
0
—
American
Franklin
Scudder, Stevens & Clark
1.61
shares¬
Homestead
78%
Fidelity & Casualty_S
American
Hartford
Bank Group shares
Insurance Group shares
—
American of Newark
Firemen's
1
Republic Invest Fund
4.50
52c
-
47%
75
American Equitable
3.22
1
Fund
(Geo)
5.86
Securities Ltd—
Group shares
46
Casualty
15
4.93
0
•
Home
10
-4
Automobile
American
2.96
Trading—
6.82
6.11
1
Hartford Steamboller Inspect.-lO
53%
Seaboard Surety
&
5.58
5.07
Holding Corp
82
Surety
Aetna
Aetna
79
51%
10
&
Fireman's Fd of San Fran-
1
1
Series 1956
4.08
—
11.54
shares—
Series 1955
9.01
6.20
shares
Stock and Bond Group
23%
53
Ry common
20
Casual
8.21
Institutional
j
Trust
Amer
5.07
.
Incorporated investors
Independence Trust Shares
..
North
7.99
8.63
equipment
7.87
1 Income Foundation Fund Inc
7<- Common
10c
Aviation
63
10
Aetna
11.28
11.62
7.36
Railroad
Steel.
5.33
*
a Huron
Railroad
8.83
—
shares
Utility
-
10.26
7.68
.—
10.57
7.26
—i—
stock
8.20
shares
Tobacco
6.26
8.75
10.57-
—
.
10.50
10.20
8.03
stock shares
Railroad
13.01
equipment—
7.47
shares.Equipment shares
Steel
Metals
9.28
Mining shares
•Y
6.65
7.96
Petroleum shares——
*
Machinery
5.69.
,
Railroad Bond
"
-v
10.60
Electrical
Speculative
Insurance
11.85
shares
Merchandise shares
"
.
<
9.64
7.84
9.01
6.04
Institutional bond shares
<
15.06
9.64
7.13
—
Investing
- Low Price Shares
)
13.24
13.71
8.77
Administered shares—
/General bond shares
Industrial Machinery shares—
j.
10.25
Diversified
8.64
8.20
shares
Electrical Equipment
5
.
Preferred
New York Stocks Inc—
Chemical
Fully
,
com
Preferred
Seaboard
100 %
87
Insurance
F»f
Automobile
6.09
6.02
Building shares
" Food
Grande
Rio
&
American
5.06
14.72
-
England Fund
Bank
7.86
Chemical shares
'
Income 75-year 4yas_
1
preferred
Preferred
-
98V2
85
Agricultural
Aviation
1
10.06
2.29
New
38.84
—•
15.89
9.31
1
Preferred stock scries—
25.26
5.63
Low
16.53
27.99
4.50
National Security Series—
-26.34
6.61
'
•
Diversified Investment-Fund—
,
78 Vt
28
61
21%
30
St Louis & San Francisco com—
103'A
14.90
shares
Balanced
21.55
2.08
A—2
Capital Corp
Investors Trust-
Aviation
76'A
77%
101'A
Z-
Securities—
National Investors Corp
Stock
-Group
~.
75%
1993
50-year 4s
42
100
b%
Francisco—
13.78
13.63
10
Inc.
series B shares
(Colo)
54 Va
23.92
•
Inc
^Fundamental Trust shares
"
2018
San
27.32
1
2d Fur.d
Fund
Invest
Nation-Wide
2,800
15.46
1
"... Fundamental Investors
.
96 %
10.86
1
Trust
Investors
Low
Industrial Fund, IncMutual Trust Fund——6
General
Mass
11.47
24.64
1
Fund Inc
; • General
33.52
Bond
Stock FUnd
First
94 Vz
47.70
.10c
—
Investors
1.45
Financial
^
Common
Mass
6.50
2.60
25c
Eaton -& Howard—
Balanced Fund
Y. Fidelity
Sayles Mutual Fund.
Sayles Second Fund.IlO
Inc—
19.93
Shares—
Dividend Shares
f,t
1st
&
68
40
1
-
—
Denver
4%s
Louis
107 lA
2019
4y2s
105 %
Grande—
Rio
27
66
-
Preferred
Chicago Rock Island & Pacific—
Common
•
Jersey Insurance of N Y
D
»
income
1st 3-4s income
111.30
46.75
1994
Income
St
7.75
109.07
83
Common
100
85
Manhattan Bond Pund
runu
Diversified Trustee
,
Loomis
4.20
52%
1
jr
Loomis
7.01
,.rT
'
5.76
1
*
Investment Trust-
Delaware
_
20.15
143
.100
Consol
Fund
•
.100 2,700
tlOIIlHlUUWCttHU
Knickerbocker
36.66
3.60
31.17
3
10.60
•
III
Chemical Fund
S-4
6.69
2019
Conv
14.54
6.03
4%s B
Denver &
16.30
13.19
21.74
22.02
33.91
18.78
1
Fund Ltd
Shares Trust
Canadian Inv
14.82
S-3
Series
110.02
105.62
0
9
Fund Inc
Boston
Broad Street
7
6%
S-2
Series
Houghton
Income
—
Chicago Milw St Paul & Pacific
106 %
98
ist 4s
30.18
27.03
S-l
2019
77 Vz
75
Stocks
4%s A
—
101%
75%
—
As*
99'A
25
Seaboard Ry 1st 4s
V
income 4y2s
Chicago Rock Island & Pacific¬
21.80
27.43
K-2
34.47
_.
K-l
17.53
32.06
i
7%
16.30
;s—
Bankers Nat
99
;
104%
——1994
income
Gen
21.25
14.51
13.38
10c
Axe
73
Gen
32.25
Series
32%
30%
._10
Issued)
Bid
:
97
2003
4%s
1st 4S
29.82
Series
•
AAC-nuufciluv"
1983
2nd
Ask
if
and
Chicago Milw St Paul & Pacific
1
.1%
Aeronautical Securities.
as
Ask
Bid
Chic Indianapolis & Louisville—
lovesting Companies
Bid
York 5, N. Y.
DIgby 4-4950
Members New York Security Dealers Association
Established 1920
Real Estate Bonds
3y8s
101
101%
Skelly Oil 2%s
1974
108
109
South
Continental Baking 3s
FOR NEW YORK
CITY BANKS & TRUST
1965
100%
101
South'n
101
101%
Erie RR 2s
COS.—See Page 691
1953
99%
100%
Sou'western
104
104%
105 %
Pub Serv 3y»s. 1974
Pacific Ry 3%s—. 1905
Texas Elec Service 2%s____ 1975
103%
Lt & Pow 2%8_.—1974
Texas
&
101%
102
1980
99%
100%
Texas
Power
Light 2%s. 1975
100%
100%
.—1965
102 %
103 lA
Houston
Kansas
Oklahoma &
Gulf Ry—
3%s
Laclede Gas Lt 3V2s
Obligations Of Governmental Agencies
III!:''"
'
...
Bid
As*
Jan.
1,
102
100&
103 %
May 1, 1956-1948-—
l%s Oct 1, 1950-1948
Feb. I. 1955-1953—
2%3
U S Conversion 3s
101 3/64 1017/64
1956-1946
3s
U S Conversion 3s
Panama Canal 3s
102.2
10Q\}
103%
1948
1947
1961
101.3
103.29
133 %
Ratea
quoted
Bid
Figures after
.tDec. 15,
tDec
1947—
-tSept.
<■
3/.%
74/
1945—
1946- ——II—
15.
-tMar 15
decimal point represent one or more 32ds of a point
Rate
15,
tSept.
IS,
tSept. 15.
194719471948-
Bid
99 31
ioo-2
1946__
TtMarlS.
/
Int
1%%
1%%
in*
1%%
1/4vo
100
ioq 3
.0338
t%8 March 1, 1946
.iv
1946
1946
$%s June 1. 1946
i.09% July 1, 1946
*%s Aug X, 1946
J%s
•
AprU
t7/8s May 1.
.
.
,
x
—
.0370
03Q1
lt 1946
.0419
.0280
.0417
t%S Oct. 1, 1945
t%s Dec. 1, 1945
J0.90S Jan. 1. 1946
t%8 peb
xuu.ji
99
are
for discount
Bills
at purchase
..
Ask
Ask
0.28%
b0.375 0.32%
b0.375
0.33 %
October
b0.375
0.34%
October
4,
1945
11,
18,
3945
1945
1945
0.32%
October
b0.375 0.32%
October
b0.375
November 1,
b0.375
0.33%
b0,375 0.33%
25
November
8,
b0.375 0.35%
i
b0.375
0.35%
b0.375
0.35%
1945—
b0.375
0.35%'
1945—
b0.375
0.35 %
Maturity—
Dollar Price 100 Pins
Certificates of Indebtedness—
Bid
Ask
.0321
t%8 sept. 1, 1945
.0270
Ask
100.20-100.21
100.11
100.12
100.26
100.27
jou
&
98%
September 21, 1945.
b0.375
August 16. 1945August 23,
1945
August 30, 1945.
September
6, 1945
September 13, 1945
September 20, 1945
Quotations For U. S. Treasnry Holes
Maturity—
Bell Tel & Tel 2%s. 1985
United States Treasury
101.6
103.25
132 VB
Treasury bills-
f;!
Pow
Ask
Other Issues
Federal Land Bank Bonds—
3s
Bid
Carolina
;
99
1975
2%s
Conn Light & Power 3s
.0394
.03OQ
.0493
a
Stock
dividend,
.0410
Q343
.0469
.0388
.0531
.0513
.0673
.0609
.0431
.0785
.0624
Odd
lot sales,
b Yield price,
c
Result of the merger, effective Jan.
1, 1945, of Doeliler Die
d Deferred delivery,
e Ex-interest,
f Flat price,
s Cash sale—not included In range for year,
Ex-rights,
z Ex-due bills.
Casting Co. with the W. B. Jarvis Co.
to
g
share
Exchange,
x
r
Canadian market,
Ex-dividend,
y
Formerly Coleman Lamp & Stove Co.; change of name approved June 12,
of old common stock reclassified into one-fifth share of new 4%%, $50 par
of new $5 par common stock.
k Removed
t Ex-stock
1945 and each
preferred stock
and four shares
•No par value,
fin default.
furnished by sponsor or issuer.
JThese bonds are subject to all
Federal taxes.
AQuotations not
Number
THE COMMERCIAL
COURSE
Bank clearings this week will show an increase
pared with
us,
based
of the
Preliminary figures compiled by
a year ago.
telegraphic advices from the chief cities
upon
country^ indicate that for the week ended Satur¬
day, Aug.
11, clearings from
cities of
all
the United
In
States from which it is possible to obtain weekly clear¬
above those for the corresponding
elaborate
the
detailed
present further below
we
ings will be 10.1%
B AMK
Complete and exact details for the week covered by
the foregoing will appear in our issue of next week.
We cannot furnish them today, in as much as the week
ends Saturday, and the Saturday figures are not avail¬
able at time of going to press. Accordingly, in the above
the last day of the week in all cases has to be estimated.
com¬
and
statement
we
the cities
record
4.4%,
however, which
of
ended Aug. 4.
At this center there is an increase for the week ended
13.4%, the aggregate of clearings for the whole country
having amounted to $11,479,559,305, against $10,127,740,-
Our preliminary totals stand at $9,594,721,384 against $8,715,899,539 for the same week in 1944.
Friday
16.9%.
at
comparative
Our
for
summary
the
689 in the same week in 1944.
week follows:
was
CLEARINGS- -RETURNS
New York-
Ban
492,000,000
477,000,000
+
236,905,989
City
172,330,777
182,887,256
132,900,000
228,939,000
—
Francisco
>
1st
3.9
212,637,000
192,312,800
169,504,553
185,032,601
+
160,557,933
Baltimore
120,937,645
108,575,931
cities, five days—
cities, five days—
$6,442,144,128
Tot. all cities, five days
All cities, one day
1,386,484,445
1,599,120,231
$9,594,721,384
$8,715,899,539
OF
BANK
CLEARINGS
1944
12
Philadelphia
10
"
7
"
1943
1942
V
v
372,047,927
358,118,044
6,970,256,449
5,867 720,435
4,934,646,118
657,340,201
629 673,246
669,560,555
•3,917,764,530
578,835,713
618,352,967
"
072)467
620
399,698
563,062,154
'467,864,338
Richmond
6
"
299,706,211
279 789,556
268,318,709
'$13,371,277
Atlanta
10
"
403,457,575
367
337,246,207
7th
Chicago
-17
"
617,144,042
594,287
610, 089,581
4
"
302,036,715
259,
'259,494,975
"'479,346,003
'201,098,288
St.
9th
12.7
Minneapolis
10th
Louis
7
"
"
10
City
"
_10
6
Kansas
12th San
0.9
—
379
6th
+ 12.6
1,613,392,132
Reserve District by 7.3%.
$
"
11th Dallas
$7,102,507,407
Disf-
14.2%, the
Cleveland
+12.0 '
$7,995,601,153
Total all cities for week
+
totals by
its
Dallas Reserve District by 11.0% and the San Francisco
388,020,355
12 cities
8th
$5,716,022,962
1,553,457,025
The Kansas City Reserve
enlarge
to
5th
+ 11.4
Ten
managed
4th
+ : 5.6
Other
has
trict
•
New York
2d
7.7
gain
a.
Reserve Districts:
summary by Federal
Boston
3d
2.8
Cleveland
—
Reserve District registers
Reserve District of 9.2%.
1945
Federal Reserve Districts
6.1
+
—
+
Pittsburgh
a
Cleveland
3.1
136,700,000
,
furnish
Week Ended Aug. 4
0.4
—
we
The
0.3%, the Richmond Reserve District of 7.1% and th£
St. Louis Reserve District of 16.8% and the Minneapolis
Outside of this city there
SUMMARY
+ 16.9
a
.
Bt. Louis
$3,669,959,355
356,323,376
——.
following
16.9
+
355,033,423
276,542,531
—.
—
Kansas
In the
Cent
1944
increase of
an
increase of 6.0%, the bank clearings at this
having recorded an increase of 19.3%.
We group
Per
TELEGRAPH
$4,290,676,915
Chicago
Philadelphia
Boston
BT
1945
was
an
center
Week Ending Aug. 11—
For that week there
increase,of 18.8%, in the Boston Reserve Dis^and in the Philadelphia Reserve District of
Atlanta Reserve District of 9.8%.
The Chicago Reserve
District has to its credit an improvement of 2.7%, the
complete results for the week previous—the week
week last year.
an
trict of 2.4%
able to give the final
are
according to the Federal Reserve Districts in
which they are located and from this it appears that in
the New York District
(including this city) the;totals
Francisco
Total
TTo.i
Y.
N.
City
265,163,985
217,092,470
199 403,176
201,636,379
325,849,942
285
281,329,870
i
142,801,645
537,500,733
128 704,734
119,055,059
'•
500, 792,775
483,733,344
380,861,913
11,479,559,305
10,127,740,689
+
13.4
9,045,895,173
7,3,12,882,585
4,689,885,003
4,424,825,946
'+
6.0
4,268,673,321
3<5$4il40,475
>v.
•
111 cities
Outside
545,094,866
262,161
-
238,583
144,897,993
214,860,601
96,368,907
•iV.VH*
Our usual monthly detailed statement of transactions
on
the New York Stock Exchange is
appended.
The
results for
July and the
seven
We also furnish today a summary of
the
months of 1945 and 1944
Description
Month of July
1945
the
-Seven Months
1944
1945
1944
19,977f030
—
'
28,219,705
220,681,759
'
of
July.
For
1945
aggregate
that
there
month
was
of clearings
having been
New York Reserve District the totals show
159,562,630
lanta
District
In the
.
bonds
of 22.5% in the Boston Reserve District of 6.2%
-
$105,922,300 $182,522,900 $1,519,050,900 $1,722,019,700
——
the
Philadelphia Reserve District of 5.8%.
Foreign govern't
District
totals
larger by 1.7%, in
are
gain
a
of
District there is
and in
by
5.5%.
The
and im the At¬
Chicago Reserve
loss of 4.5% but the St. Louis Reserve
a
registers
Reserve District
Bonds
Railroad & misc.
Reserve
District records
$50,505,-
expansion
an
the
the Richmond Reserve District by 7.2%
an
body of clearing houses of 6.4%,
218,571 and the 1944 aggregate $47,480,106,025.
Stock, number of
shares
month
increase for the entire
follow:
land Reserve District
the clearings for
of 0.5%
8.5%.
In
the
and
the
Kansas
Minneapolis
City Reserve
improvement of 8.3%, in the Dallas
and in the San Francisco Re¬
an
Reserve District of 5.5%
serve District of 3.4%.
In the Cleve-
<1
•
bonds——4,507,500
U. S. government
bonds
*,
bonds—
61,529,160
68,774,500
'
,
419,100
——
Total
10,722,000,
502,600
Month of
3,836,850
4,070,700
1st
New
3d
1943
17
••
2,953,132,565
17
"
2,808,791,004
8
"
1,295,536,062
6th
Atlanta
12.993,665
24,434,084
7.925,761
27,643,038
36,997,243
8,587,828
12th San
99,100,023
62,555,204
79,463,469
29.507,254
28,270,442
32,024,018
13,846,590
17,228,380
33,553,559
7.229,097
41,310,246
37,712,751
101,604,706
68,787,721
92,020,949
22,284,837"
—200,704,729 131,342,925 171,484,418
quarter
—
months
19,977,030
—
of bank
course
28,219,7u5
:
1
1945
1944
omitted)
$
• $
York- 27,372 25,042
Phila.
St.
Francisco
Total
26,324,332
7.2
"
2,310,395,415
Y.
">
5.8
2,857,137,544
2,520,898,043
2,665,546,821
2,345;707,979
1,160,664,054-
5.5
1,549,657,518
i;026i5Q2,288
1,255,849,595
4.5
+
—
1,292,444,488
964,553,900
...
185 cities
—
4,137,101,895
3,538,713,454
-
0.5
+
1,136,725,316
961,638,950
708,385,609
1,214,'988,063
1942
1945
20,808
16,341
193,096
»
;
■; V'
/:
2,095
1,566
2,821
—
—
—-
2,231
1,754
15,849
14,772
1,477
1,455
1,422
11,398
10,736
2,659
2,732
2,410
20,377
19,004
1st
Boston
2d
New
3d
York
14
Philadelphia
17
Cleveland
Richmond
6th
1942
Atlanta
17
8
_
16
Chicago
31
8th
143,670 108,887
13,477
12,265
10,441
9,289
18,557
16,667
780
782
695
597
5,664
5,442
4,846
St.
-
7
Minneapolis
16
Louis
1,117
1,047
948
7,964
7,824
7,207
1,146
957
8,905
8,338
7,322
664
627
531
510
482
467
11th Dallas
11
12th San
6,114
690
15
City
19
Francisco
6,170
1,216
10th Kansas
4,C04
1,077
1,235
Baltimore
Cincinnati-
4,954
3,743
411.
1,103,850,113
+
5.5
984,617,088
793,605,061
+
3.4
2,181,240,295
l',81l8,583,493
+
6.4
42,367,810,481
34,830,918,410
+
3.1
21,567,833,375
18,489,610,174
7 Months
7Months
'
4,595
4,288
3,367
Total
Outside
N.
3,139
Kansas City
883
881
679
6,286
5,776
5,571
4,272
925
936
804
6,838
6,442
6,079
Dec.
12,466,056,775
163,991,509,654
H
198,955,129,623
+
1943
+
%
21,288,130,651
1942
$
.
$
.V
6.2
12,102,805,878
10,872,382,583
+ 17.0
148,580,726,126
113,165,602,877
19,801,832,004
+
7.1
19,351,259,753
17,446,955,560r
19,238,147,623
+
5.3
17,843,469,286
15,378,831,212:
9.255,071,587
8,446,759,188
+
9.6
7,834,086,994
13,216,721,818
12,285,048,451
+
7.6
31,219,727,325
30,398,982,652
+
2.7
II
20,263,042,082
+
«•
II
8,960,272,654
+
6.0
6,564,022,299
6,179,723,619
+
6.2
11,647,664,973
10,831,489,075
+
7.5
10,195,887,046
49
9,479,494,355
ft
44
49
:
.
-
6,704,487,016
10,445,455,292
27,483,811,322
8,081,841,870
5,653,083,778
4§
8,598,724,450
22,883,920,443
6,732,462,992
4,544,288,5437,659,866,732
8,594,213,562
7,636,783,635
+
12.5
6,678,020,408
5,443,366,994
16,537,586,547
99
15,497,322,481
+
6.7
14,292,677,618
11,595,227,747
360,281,574,434
321,813,977,811
167,185,233,224
2,882
+ 11.9
£
157,254,125,960
+
288,543,125,371
231,026,117,199
144,872,268,148
6.3
122;i39,014,194
5,208
3,720
Inc. or
$
2,732
935
976
.
1944
II
City
3,381
Cleveland
7 Months
■
13,240,769,612
;__185 cities
Y.
by Federal Reserve Districts
7 Months
;
i
5th
7th
1943
Louis—
Fran-
1,578,774,821
1945
9th
2,095
885,372,316
8.3
47,480,106,025
;■
.
164,559
8.5
+
22,437,954,605
$
1 to July 31
1944
+
2,233,691,380
v-
table showing the clearings
V
4th
1943
888,639,233
1.577,940,520
50,505,218,571
City
Federal Reserve Districts
„
r— -Jan.
M
23,134,342,130
—
N.
We append another
8,373,550
PittsburghSan
1.7
+
7,466,443
LEADING CITIES IN JULY FOR 4 YEARS
^Month of July-
(000,000
Boston
-19
City
clearings at leading cities of the
subjoined statement.
BANK CLEARINGS AT
Kansas
Outside
'
Chicago
W
1,703,278,756
1,164,821,698
1,238,717,693
<
51,792,091
—
10th
country for the month of July and the seven months
ended with July in each of the last four
years is shown
New
+
7,589,297
35,051,545
23,415,845
—
—
July
!!..
"
11th Dallas
27,492,243
June
in the
°
15
Minneapolis
No. Shares
18,032,142
April
The
16
11
9t.h
No. Shares
17,811,394
17,100,772
•
j.
.
16,975,920,145
+
4,404,894,486
M
$
■
21,520,738,292
Y
1,808,109,029
"
■
1,661,075,725
>.
4,160,828,806
"
$
+ 22.5
1,208,792,442 + ■'
1,713,579,861
7
Louis
-J
y;
•••Jf'1942
1,710,234,521
2,790,553,611
16
Chicago
St.
1943
if'?•+'+
6.2
+
2,761,244,524
"...
31
-
7th
8th
Dec. %
25,786,616,179
Philadelphia
No. Shares
May
Six
$
28,206,231,247
>
Cleveland
38,995,195
32,612,585
quarter
2nd
"
Richmond
March
1st
14
Inc. or
1,717,853,188
4th
January
February
of
1944
1,824,822,396
'•
5th
1942
:
14 cities
York
No. Shares
Month
:
-
yy
*
Boston
2d
The volume of transactions in share
properties on the
New York Stock Exchange for the seven months of 1942
to 1945 is indicated in the
following:
1944
.1945
.
Federal Reserve Districts
.
$110,848,900 $193,747,500 $1,584,416,910 $1,794,864,000
1945
July—
-
Minneap—
653
593
585
449
438
4,117
376
364
350
273
2,389
1,857
1,542
1,446
1,205
2,678
10,642
2,620
1,406
11,231
9,902
6,938
327
322
285
248
2,355
2,165
2,000
1,668
314
New Orl.
289
315
217
2,244
2,178
1 2,087
1,391
77
71
76
70
—
lietroit—„
Louisville
;
_
Omaha
clearings by months since Jan. 1, 1945 and 1944:
MONTHLY
-Clearings,
Months—
Total
CLEARINGS
:..;y •
All
Clearings
1944
1945
Inc.
1945
or
•
503
476
152
142
151
1,137
1,090
1,013
886
284
283
219
2,003
2,004
1,735
$
$
••-
Dec. %
$
St. Paul
209
201
207
170
1,471
1,413
1,316
1,121
1,507
830
257
225
223
187
136
133
134
128
966
;
Richmond-
335
305
303
270
2,426
>
-
1,820
1,684
43,591,816,956
48,613,171,624
+
4.2
+
8.4
24,992,691,751
23,497,285,956
+
6.4
151,765,272,513
133,307,493,718
+
9.7
70,895,313,461
67,596,773,723
'■<>.. +
4.9
42,393, 390,887
51,713,728,303
59,341,864,091
2,028
1,164
178
176
144
124
1,393
1,276
Seattle-
410
383
398
334
2,844
2,657
Salt L.
124
121
114
97
867
68
65
74
63
506
City
■
—
1st" quarter-
:
1,717
J
2,677
830
796
490
459
996
April
May„
June
655
T.
:
•
—
....
our
$
Me.—Bangor-.
Mass.—Boston
1,566,503,261
4,898,735
2,252,287
—
River
Holyoke
Lowell
New
Bedford
—I
Springfield
Oonn.—Hartford
Haven
~
I
Waterbury
~
I.—Providence
N. H.~Manchester
R.
—
"'"otal
(14
cltlpsi
Kit
—
0.5
42,945 ,255,964
9.8
24,020,076,578
+
9.1.
+
9|4
158,011,083,350-
136,026,637,068
+ 16.2
73,505,577,633
67,219,397,631
274,333,871,786
+ 12.9
149,050,891,094
134,816,171,353
47,480,106,025
360,281,574,434
months
321,813,977,811
Inc.or
1945
Dec. %
$
+18.1
v_
+
4.9
6.0
29,322,231
>
Inc.
26,288,262
100,619,767
1945
or
Dec. %
$
105,901,111
10,736,812,602
$
+ 11.5
930,467
5.0
3,248,369
6.2
368,123,916
1,004,451
—
'
+ 10.5
11,398,336,208
33,199,136
16,523,329
29,576,286
15,166,000
+ 12.2
—71.7
7.8
15,713,205
14,168,504
+ 10.9
1,806,695
5,527,624
+- 5.7
40,820,650
+ 15.3
144,414,045
135,661,339
12.379,749
+ 25.4
101,357,386
85,168,653
+
37,629,899
18,332,491
+
('8,638,788
65,897,689
28.585,037
7.201,200
+
7,913,000
4,370,872
71,569,200
3,657,423
1,824,822,396
1,717,853,188
+
,
+
—
-+
6.4
23,134,342,130
22,437,954,605
+
3.1
167,185,233,224
157,254,125,960-
+
6.3
>
$
801,446
3,573,758
323,770,6371
1,020,803
.
1.6
1,016,754
82.3
347,705
9.1
+
—
$
'3"
■'.•
•
>
802,029
5,679,561
303,236,394
+
:
792,154
688,233
377,524
+
VTiiisTw
917,775
1,512,788
1,362,586
+
11.0
4,168,385
+
12.6
1,197,899
4,330,826
3,567,168
—45.3
4,693,905
3,463,548
2,574,826
+
34.5
2,555,579
2,246,680
16,609,634
490,559,959
+
3.3
17,914,228
19,848,659
189,616,873
+
8.1
8,035,983
5,860,069
54,692,800
+
.3
523,820,500
+
8.8
20,993,987
$
13.7
—
1942
1943
872,867
3,544,725
314,820,060
+ 16.1
6.4
54,883,800
569,730,000
12,466,056,775
•
8.5
205,033,644
24,041,155
or
Dec, %
+
506,775,056
13,240,769,612
Inc.
+
.
4.5
6.2
years:
8.9
7.3
+19.5
+
1944
9.0
8.1
+10.6
+ 11.9
+
Week Ended Aug. 4
1944
7.7
'
and the week ended Aug. 4 for four
7,957,502
•
+
26,180,401,308
309,776,355,863
4,433,361
>
+
23,977,244,397
-Jan. 1 to July 31-
1,477,371,173
30,674,290
77,394,300,
7.1
50,505,218,571
14,391.200
1,947,100
5,842,144
15,526,864
+ 20.4
+
21,359,916,087
21,839,4041,967
quarter
Seven
3,731,044
21,481,360
Worcester
New
$
4,407,179
13,684,016
Portland
Fall
1944
;"y
22,997,931,928
months—
-Month of July-
1945
+ 10.8
50,687, 731,217
detailed statement showing the fig ures for each
city for the month of July
Clearings at—
First Federal Reserve Distrlct- -Boston-
+13.3
21,290,328,895
Six
42,367 34,830 360,281 321,804 283,543 231,026
23,134 22,437 21,567 18,489 167,185 157,244 144,872 122,139
add
21,177,844,835
2nd
Total all- 50,505 47,480
now
22,809,158,872
442
45,362 42,703 37,945 31,072 "319,433 288,256 258,778 205,603
Other cities
5,143
4,422
4,767
3,758
40,848
33,548
29,820
25,423
We
24,724,776,875
2,097
;
Total—_
Out. N.Y.-
+ 16.4
"
892
2,256
Memphis—
Hartford—
or
Dec. %
45,405,094,471
52,692,249,110
1,123
885
Denver
Indianap—
>
Inc.
$
y 46.102,505,138
1,528
569
York—
53,667,928,932
March.
260
-
New
1944
46,955,490,954
523
151
Buffalo
Milwaukee-
..
Outside
'
January
February
Providence
I
!'T
The following compilation covers the
+ 14.5
+
6.2
,
19,638,100
766,367
.
388,020,355
15+Hl",200
672,574
379,072,467
9.7
15,415,296
37.1
7,275,248
6,246,685
"+30.6
20~OT8~,200
16~960"400
+ 13.9
632,668
714,285
2.4
372,047,927
—
+
+
,
5ap«Sfii'Maip". -WSSIfeTOC^^igBSf^f-
V-.'.''-:.
>.
-
■
Dec.
$
District—New York—
Second Federal Reserve
'
.U--.-. '
■
Y.—Albany
II.
Buffalo
7,569,270
284,712,947
4,949,829
4,779,870
—
_„,.
Elmira
—
Jamestown
York
New
Syracuse
Conn.—-Stamford
J.—Montclair
M.
3.3
36 ,413,028
34,691,637
+
65,272,000
5.0
1,136,615
1,029,940
6,789,674,302
14,754,815
5,692,950,753
8,108,405
+;. 5.i
36. 940,032
36,586,752
+
1.0
193,096 341,210
164,559,851,851
+
17.3
367,048,124
+
12.2
206,537,065
+
2.7
38,042,896
235,217,480
+
1.2
411
28,526,244
6,137,730
3.1
212 189,692
6.6
44, 037,065
31.016,686
5.5
247 312,377
2,090,203
5.7
14
,897,552
+
■
:
Lancaster
Lebanon
26,937,601
35,197,625
5.3
8.4
25,786,616,179
+
17.0
+ 22.5
169,991,509,654
198,955,129,623
8,582,756
V
"•••<••
25,166,143
+
3.5
93,222,946
25,441,710
87,661,575
+
6.3
9.5
59,453,257
54,424,748
+
2,019,965
976,270
17,626,535
+
+
21,928,928
6.1
+ 22.1
20,377,000,000
56,964,059
9.4
+
6.4
51,515,987
48,382,433
+
6.5
60,055,430
52,192,832
+
15.1
11,516,046
+
+
—
+
.9-
172,499,949
163,110,100
5.8
+
+
+'+
1.9
+
4.1
1,609,492
+ 22.3
9,779,409
+ 22.6
—-
Youngstown
Newark
Toledo
Co.
"•
C.—Charleston
74,054,117
6.0
297,591,659
8.7
J
Total (8 cities)
:
1,596,934
—73.0
1,880,682
1,795,749
!
'
A'".' '
'
...
»\l.
r
■ •
7,215,400
5,650,500
657,340,201
•
629,673,246
27.7
4,021,000
4,328,000
4.4
+
>
669,560,555
578,835,718
+
+ 20.2
101,876,702
+ 21.9
3,041,724
97,989,195
82,495,678
0.3
204,719,806
162,984,467
6.4
217,315,574
19,288,500
+
;■:+
217,936,612
17,006,700
—11.8
15,183,200
13,346,300
+
3.9
24,481,226
A
65,497,986
2,830,514
2,466,584
+ 14.8
2,147,242
1,963,869
9.4
3,993,419
3,859,434
+
3.5
3,266,897
3,114,837
+
,
13.1
247,940,588
271,910,229
8.8
241,714,090
200,850,776
0.3
568,062,154
467.864,336
2.0
—
303,726,164
+
18.3
+
+
67,199,143
109,567,615
'
7.5
9,993,203
+
5,187,525
:
+ 14.5
7,824,098,164
94,283,934
,
8,015,259
+
5.4
92,941,374
+
.9
83,208,575
+
1.7
20,263,042,082
2,761,244,524
—
9.2
-
68,885,131
+
+
10.7
19,238,147,623
+
■
34.9
75,143,764
5.3
.
i.\
A
—•—-
620,399,698
618,352,967
.5
66,484,745
+
.
+
+
17,060,250
16,753,161
1,413,204,407
1,202,051,590
9,255,071,587
8,446,759,188
7.2
—
4.1
•
7.2
"
2.7
■,
162,158,151
906,162
1,360,755
5,668^)00
+.v+ 16.9
6,132,000
67,703,481
»
52,858,398
'
+
5.1
2,257,477
1,819,225
+
2.5
152,657,645
117,841,658.
1.8
5.7
+
1,208,792,442
2,237,994
166,284,834
7.8
•J
14.9
+
+
-+
1,449,747
"3,856,000
70,100,265
2,129,404
13.2
100,455,794
4,954,215,236
+ 15.9
—
81,957,514
4,595,842,306
115,423,768
/
'3.9
+
?
75,271,716
8.7
+
—
13,783,281
664,797,102
2,554,517
179,379,385
1,553,769
6,016,000
7.6
■
+
2,256,325,136
2,426,816,658
3.5
.+ 19.0
5+
200,773,000
207,757,000
■
9.9
+
-C'v J 8,860,940
<
.8
+
305,439,290
38,073,456
45,322,552
+ 21.3
5,750,927
28,227,000
..
,
52,230,096
—-
□a.—Atlanta
54,439,656
155,174,922
660,200,000
11,096,947
—
Augusta
—...
V
+17.6
41,656,100
9.6
+
:
+
;
9.3
+
38,095,989
279,789,556
299,706,211
.
+
8.2
10,775,390
+
38,669,351-
7.1
,
33,813,834
;
213,371,277
268,318,709
10,041,751
214,105,800
Ala.—Birmingham
—
10,938,000
Montgomery
+
—
—
—J.
13,021,000
16,601,277
3,198,953
119,366,011
—
12.4.
53,034,941;..
6.0
86,940,000
89,097,000
+ 21.0
127,581,946
99,1^2,702
22,323,145
20,531,258
6,846,913
—
2,870,100
+ 11.5
977,198
+
+
3.4
«
1,808,109,029
1,713,579,861
+
5.5
8,128,525 \
7.7
364,074,020
.
2,678,342,372
:T
2,620,258,277
+
7.6
2.8
—
13,216,721,818
12,285,048,451
2,380,549
*1.'750,000
3.4
41,414,907
29,902,329
-Vi'K..-!?,
+ 12.3
47,584,350
53,431,474
4,194,514
-v-
+
4,444,318
—
4,276,694
4,344,270
.-V>'V'"
A;?
i'+rA
2.4
+
30,746,863
37,582,458
5.6
•
'
"A"'
•
•.;
;ti ^
i
-•
V
8.7
■
w-—■,
"
r
■
+
18.7
215,247
1.6
204,919
2.2
90,519,301
211,843
82,970,361
+
+
+
9.1
+
7.6
403,457,575
367,594,287
+
9.8
337,246,207
+ 10.6
446,996
527,260
6^807*,707
6+0+124
•
3,~6r95~615
4~19~1~101
3,032,632
3,151,935
40+52^000
3ir760~C00
195,612
81,085,595
f
59,827,161
f
;
259,494,975
Reserve District—Chicago-
3,197,341
<
2,911,192
1,406,892,063
8,145,078
26,051,902
4,3.94,173
Arbor
Detroit
1,542,035,240
7,813,949
24,703,019
21,510,935
9.8
+
8.8
—
19,449,572
...
10,6AiJ,^jO,7jy
—
11,231,984,311
52,481,026
164,722,050
—
Rapids
-
-
Lansing
Muskegon
Bay City
..
..
+:/'
+
10.2
5.5
+ 13.5
31,815,336
29,037,489
13,570,550
6,764,141
17,194,315
—22.1
116,680,281
120,871,649
6,976,032
—
3.0
51,546,301
51,352.380
+
4,002,376
30,004,116
+
+
—
14,418,387
+
4.3
103,046,150
27,626,128
97,125,215
24,289,482
+
25.0
133,514,928
+
2.5
186,649,331
966,607,663
174,019,167
892,857,617
16,104,326
35,997,271
+
5.8
114,242,819
118,681,340
+
33.9
325,753,219
244,018,404
8,952,827
+
7.4
70,962,365
64,769,835
+
—
0.3
1,137,421,963
1,090,223,216
+
4.3
+
4.3
20,314,446
18,523,190
+
32,073,191
5,209,975
29,194,125
+
9.9
6.0
—25.2
16,155,871
17,901,817
71,426,392
66,328,891
—47.7
+
+
8.3
3.7
3,925,720
3,013,043
+ 30.3
4,102,100
8,926,530
7,667,710
+ 16.4
34,577,468
35,636,030
3.0
34,222,310
2,698,674
4,059,529
767,365
816,462
2 049 090
2,741,106
8'843
191
8,452,981
+
4.6
7.7
2,170,871
2,212,073
65^7801777
63,681,457
+
3.3
483,347,551
465,281,154
3.9
17,424,157
14,151,646
34,543,981
27,266,408
+ 26.7
235,200,942
222,293,201
5.8
7,639,804
6,336,897
.
Watertown
,—
.
—
la.—Cedar Rapids
Moines
„
City
Ames
—
6,070,993
—
Chicago
:.
Decatur
V
Peoria
M
,
„
...
880,644
3.3
7,149,093
6,866,457
—13.9
24,399,769
—
Total (31 Cities)..
—
V
27,251,986
7,261,543
—19.5
19,163,795
22,688,308
18,126,914
2,095,361,654
7,385,203
28,545,206
2,231,762,689
•8,297,132
29,104,395
12,157,552
6.1
—11.0
15,849,109,921
56,822,885
1.9
211,055,142
—12.8
75,954,029
1.9
2,177,490
1,945,996
+ 23.1
13,977,777
12,337,691
20.6
7,148,811
5,899,832
—
+
7.5
2,941,326
...
....
■
4.1
4,048,235
10,601,199
—9,720,945
969,510
—...
2,925,343
9.8
909,326
Bloomington
•:
—14.2
3,483,599
2,368,417
HL—Aurora
25,799,443
•
6,661,695
4,756,414
Oshkosh
2,627,609
2,805,293
31,143,000
+
+ 33.5
—
152,382,288
Sheboygan
3.8
26.4
—
.
7.3
—9,613,921
151,907,768
—
2,472"671
9.7
+ 17.2
3.1
2,815,634
Milwaukee
4,457,333
2,954~204
9.6
48,212,239
.
5,T5~4~790
+
9.6
3.5
17,030,559
Bend
Haute
Wis.—Madison
6.3
—lTi
8.6
+
136,869,848
_
611,054
.4
—
4.2
15,031,224
Wayne
Gary
Indianapolis
719,191
13.6
3,870,133
+
30,369,512
Ind.—Ft.
-15.2
5.2
+
59,603,052
181,542,663
3,876,976
Flint
4,160,828,806
+
—
—
9,827,529
—
1.1
992,602
—
2.3
'
5.7
649,082
585,504
+
7.3
474,717,831
+
.1
481,208,563
1,819,235
181,761,343
+
16.1
1,883,204
6,288,118
71,245,046
+
6.6
14,772,528,557
56,754,137
*
571,723
488,909
1.3
422,125,364
374,079,580
3.5
1,334,368
1,374,164
—
+
—
6.1
5,082,134
2,141,125
4,635,528
■:
2,603,273
2,897,211.
—18.1
2,433,416
1,830,781
+ 32.9
2.7
'617,144,042
610,089,581
+
2.7
1545,094,866
479,346,003
+
4.1
186,600,000
166,000,000
+12.4
169,700,000
122,600,000
+
11.7
24,411,404
2,372,891,
'
58,241,857
+ 12.8
7,014,628
5,957,263
31,219,727,325
30,398,982,652
.3
5,442,943,290
35,649,545
2,173,4911
1,969,042.
+17.7
4.5
4,404,894,486
6,696,468
+ 10.9
65,712,762
V
•
,
*
+
Eighth Federal Reserve District—St. Louis—
Mo.—St. Louis
1-K-
Girardeau
Inde««"ripnre
«
2,006,703
+ 16.0
-
—35.9
•
30,383,963
94,800,000
2,101,255
+ 22.3 V
-••
376,536,758
-
123,900,000
9.4
+.1.2
.
■:
35,623,450
3.7.
+
+ 11.5
*2,500,000
43,601,507
*2,900,000
45,094,294
+
:
0.6
9.7
+
142,870,923
38,577,837
■
+
1,628,360,995
53,647,224
-J
7.7
+
1,052,328
(16 cities)
2,316,040
+
.
146,947,603
4.9
2,832,978
'
—
Vicksburg
La.—New Orleans
:
.
1,752,240,135
3.5
+
20,733,415
17,547,607
20,090,129
—
4.5
60,283,661.
60,470,483
1,512,232,145,
109,090,590
1,658,930,476
—
222,640,035
19,725,472-
8,125,013
Mobile
..
60,860,442
6.6
8.8
+
.
? 67,761,958
9.6
+
15,054,957
230,512,753
Tampa
78,228,674
6.0
+
—
200,785,447
14,379,402
Fla.—Jacksonville
+
8,643,086
9,075,473
>
134,000,000
5,605,645
8,604,804
+ 27.1
11,388,031
149,800,000
+
4,293,200,000
71,918,501
4,710,912,993
3.0
14,479,074
39,990,693
9.7
+
1,175,153,622
1,219,507,539
3.8
+
+ 24.1
342,546,440
425,002,775
+- 8.1
.
610,200,000
9,159,586
—
Macon
Cape
n
4.5
+
106,994.222
■
1.8
+
'
<
4,426,237
.V; +14.1:;.:-
10,573,490
116,801,532
12,344,210
3,108,409
3,682,675
124,218,897
6.1
90,042,223
2.9
167,682,319
Sprlngfleld
Sterling
%
*' •
8.4
{
District—Atlanta—
"Nashville
Manitowoc
1,110,877
538,882,400
7,964,948,955
3.8
% 1,295,536,062
.
Tend.—Knoxville
Rockford:
2,050,822
8.8
5,939,930
.3.6
+
—
+
9,628,688
„
Terre
—13.7
1,856,433
>
11.2
10,747,803 A
4.1
+
—
13,711,700
690,794,753
2,407,809
207,880,256
Md.—Baltimore
South
2,505,806
2,184,204
:
+
.
.
79,499,705
14,106,499
—
Columbia
Jackson
3,062,489
+
119,879,677
14,912,340
335,690,362
-
Seventh Federal
1,404,0*25
+
12,059,239
/
13,565,271
6,977,494
28,445,000
—
Richmond
Mich.—Ann
653,000,000
9.3
+
District—Richmond—
Va.—Huntington
Va.—Norfolk
Sioux
573,366,900
25,430,969
18,1
—
-
432,548
2,808,791,004
(17 cities)
564,000,000
4.1
+ 24.0
+
7.1
+
124,080,343
3,367,263,508
.
6,838,200,827
■'■■■
8,448,017
—••••
W.
Des
■
12,450,673
City
Meridian
1.647,909
6,442,289,805
3,743,382,009
15,347,354
Ky.—Lexington
W. Va.—Wheeling
Total
-
+ 28.2
+
41,789,110
1,611,360
5.5
•+
1,117,449,707
r>;
Erie
Jackson
•
:
■
9,995,859
470,000
Pittsburgh
•
16,418,533
1,077,071,152
Greensburg
Grand
•:
11,992,116
19,393,457
12,817,365
39,298,131
\
1,678,179
Mansfleld
Miss.—Hattiesburg
r96r7~346
3,339,606.
1.7
—
19,881,882,004
134,946,588'V
5.9
3,399,367
Columbus
"
5.3
+
+
169,569,969
178,022,500
.
21,288,130,651
;
0.4
+
81,697,100
Sixth Federal Reserve
632,489
+ 11.5
^
925,585,704
C.—Washington
~
24,881,541
8.9
3,539,609
1,969,044
Frederick
•
-6,216,334 "
^ + : 9.7
976,677,163
83,260,500
I.—
Hamilton
E.
•
12,854,318
;
25,230,941
Cleveland
Columbus
Federal Reserve
666,483
900,699
20.O
19,889,378
Fifth
551,471
655,369
4.6
11.6
5,179,609
23,633,109
+15.1
.+25.3
482,208,649
Total
618,123
+
1,869,328
2,123,181
19,970,067
Oil
8.7
+ 14.1
611,000,000:
V
3,649,153
1,884,935
510.842.906
Pa.—Beaver
2,318,203
89,346,278
t
:
+
1,689,292
636,000,000 ir-V
7.2
95,101,034
■'
3,534,768
•
1,883,836 >
5.9
+
'
•
596,345
780,915
•
.
+
+19.2
Cincinnati
Lorain
816,968
47,808,560
24,201,000
2,790,553,611
706,613
•
District—Cleveland-
——
—
'■•'J-V:1
-
2,953,132,565
Fourth Federal Reserve
0.
19,514,416
—
2.1
—
779,240
3,563,649
Ohio—Canton
3,917,764,5^0
4,934,646,118;
7.5
+
1.6
22,982,139
Total (17 cities)—...
+ 18.8
10.7
20,405,395
19,004,000,000
3.4
+
26,547,900
...
680,325
9.2
+
7,998,732
7,915,921
1,755,656
8,381,460
N, J.—Trenton
27,239,926
.
768,200
+• S/+
1.1
4.6
—
13,451,803
Bois
5,867,720,435
6,970,256,449
.
0.9
—
—
+
7,828,483
Hazleton
6.1
—
6^295^926
,
;,,;.ov735,538
24,329,788
-
12.2
+
18,281,165
28,389,540
3,391,703
12,189,328
Eel.—Wilmington
37,238,354
.
"
2,659,000,000
7,915,912
'
——
20,519,434
;
—15.8
2,751,123
2,843,522
9,661,935
Pottsville
Du
•13,392,491
7,763,646
—
1,073,061
■
4,434,387
3,285,621
28,126,775
8.9
+
■2,931,557
3,735,132
3,136,121
3,445,265
York
9,854,971
6,381,203
+ 12.7
+
.
10,910,884
6,975,118
29,204,053
+
2,821,000,000
Wilkes-Barre
+ 11.2
32,904,905
34,949,069
30,916,623
Scranton
+ 25.8
7,290,105
493,780
1,167,665,603
Reading
11,726,393
.
;
:
6,748~407
District—Philadelphia-
Philadelphia
3,788,742,110
+ 30.4
33 516,350
—
4,777,221,852
~+~~2~5
1,229, 755,926
—
1.0
19.3
572,181
+ 22.5
940,344 ■'
+
+
7,WY,393
+ 13.5
Norristown
2,001,751
1,464,837
1,201,041
746,129
155,768,960
4,033,948
Harrisburg
.4
—
7/7Tf,980
9.6
—
«:£ 44.000,000
9.5
+
13,865,456
Chester
57,837,129
+
828,946,685
—
1.1
12,926,494
908 125,865
3,192,294
—
8,247,592
1,410,252
6,169,972
2.7
—
,155,693
+ 14.9
——
Bethlehem
1,779,058
15.8
+
28,206,231,247
Federal Reserve
Third
7.8
+
1,141,725
1,019,971
9.3
1942
'..V
+
66,009,672
.
Pa,—Altoona
$'
'
1,826,613
0.1
176,792,726
4,941,286
(14 cities)
1943
11,264,777
•;
9.9
+
—
112,800,789
Oranges
Total
2,004,115,945
626 923,568
.
129,752,050
J.
N.
419,967,901
48,994,598
2,003. 682,259
-
—11.3
25,-042,151,420»
54,342,128
.
Newark
Northern
5,118,029
55,002,012
29,419,111
6,541,085
32,734,466
2,209,421
—
53. 839,006
0.8
—
5,388,604
27,372,876,441
.........
Rochester
14.8
+ 92.4
12,141,676
+ 49.3
+
+
48,842,233
6,594,205
283,805,000
93,950,733
.'
_
Binghamton
Inc. or
Dec. %
1944
$
Dec. %
$
%
1945
Inc. or
1944
1945
Inc. or
1944
1945
v/A-A-AA-'--'
-Week Ended Aug. 4
-Jan.-l to July 31-
-Month of July-
iHearings at—
Monday, August 13,1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
710
__
_
My.—Louisville
Tenn.—Memphis
Hi.—Jacksonville
Qumcy
Total (7 cities).
780,962,738
782,938,026
5,310,508
977,127
4,795,610
+
10.7
961,197
+
1.7
327,173,734
322,122,219
176,651,814
708,622
178,685,018
803,154
4,805,414
1,298,717,693
4,267,000
1,292,444,488
—
+
1.1
+
13,3
5,664,859,973
39,806,533
/
5,841,188
2,355,902,819
1,393,155,351
4,896,525
+12.6
0.5
+
+
1.6
6,306,398
—
7.4
2,165,556,035
+
8.8
75,436,832
56,237,268
+ 34.1
1,271,874,357
+
9.5
38,761,443
35,865,893
+
8.1
62,709,469
31,831,516
1^8,440
1159"000
+
6.9
~~92~3~000
167^000
302,036,715
259,262,161
+ 16.5
265,163,985
201,098,288
+19.0
35,031,966
4,115,029
33,828,000
+
3.6
9,499,494,355
8,960,272,654
+
6.0
53,319,884
~
-
;
4
Volume 162
Number 4411
THE COMMERCIAL & FINANCIAL CHRONICLE
-Month of July—
Clearings at—
V'X
4945
.
Ninth Federal
Reserve District—Minneapolis—
Minn.—Duluth
Winona
Forks
14,354,916
—13.9
+
14,981,485
+
42,874,321
+20.3
+10.1
45 ,243,385
41 ,057,979
38,336,881
137,979,515
+
+
+11.1
3,149,736
+
888,639,233
+
8.5
6,564,022,299
6,179,723,619
+
770,626
103,028,009
.9
+
3.7
2.7
+
5.8
6,286,472.861
26,103,745
+
3.2
189,910,042
3.0
.27,044,833 ^;
—
6,620,132
6,410,370
+
484,244,816
34,612,356
393,071,276
33,768,113
+
+14.0
+22.8
1,820,622,898
29,656,421
17.681,662
'
,
8.3
11,647,664,973
+
"
274697 862
1.1
0.3
8.6
13,213,363
8,742,333
1,684,868,040
27,180,576
16,771,754
'
+ 21.8
5.2
64,927,024
3T08I293
8,052,250
6,144,187
5,679,398
2237003~,790
5.4
195744*5,778
"+"l47l
6,235,"051
1887372*,858
5,596,942
+ 11.4
14974*257952
5,837,162
3,969,832
—11.0
I7l3~9~,069
176727843
"9671474
1,329,838
281,329,870
214,860,601
3.3
2.5
+
9.1
+.
"9X5",913 4;
815,008
8.0
+
58,719,518
'vX-— 2.6
3,809,395,150
3,389,595,750
40,808,149
+ 21.3
340,355,949
307,520,321
71,169,250
14,520,000
66,348,722
14,748,000
492,411,229
,
:
.'
3,957,958
7,044,027
8,156,197
—
—
+
,
96,562,011
7.3
+
82,468,003
464,630,772
5.4
9367859
1.5
94,913,000
"9447427
285,238,583
3,449,823,814
7.3
26,339,365
'
29,190,299
+15.8
2,676,528
1027781,000
147873,401
14785*4,629
5.4
3,399,000
2,867,000
+ 12.4
+ 10.7
3,035,742",533
—
2,930,915
115709*6,000
+ 11.5
•
Federal
—
Utah—Ogden
—
Berkeley—
+ 19.6
1,409,666
15,891.356
+ 24.7
1,1*467886
2275
1,344,106
.03
173,920,770
155,950,271
+ 11.5
57092,663
i7378,4Sl
"+~i*6.3
57Tl"4,673
472087674
1,103,856,113
+
5.5
8,594,213,562
7,636,783,635
+ 12.5
142,801,645
128,704,734
+11.0
119,055,059
96,368,907
98,929,728
2,672,935
87,*7287853
+ 12.8
86,339,616
2,119,477
73,351,681
+ 26.1
2,016,442
1,442,578
747548,715
737l63,420
"+""l.9
80,487,206
6l73537669
2776"l7~,546
257X8*2,008
2478T77661
21,*3187737
3,736,768.
383,174,461
10,553,507
¥
9,134,150
3,415,000
298,643,948
5,911,419
121,602,010
32,674.352
27,497,937
12,310,533
f;
-
■
•
.
C:
2.3
—
26,358,855
7.3
2,844,689,323
27,286,580
2,657,024,364
+ 13.1
78,244,163
65,947,520
+ 18.6
1.8
66,172,297
58,129,284
21,435,000
Beach
—
+ 26.1
'
:
-
2.7
+
-
26,805,800
2,247,516,804
'
3.4
—
7.1
+
+ 25.1
2,186,684,320
42,687,775
2.8
+
+ 10.8
49,096,707
2.7
867,654,652
830,790,206
+
+ 18.8
234,549,489
206,569,593
+ 13.5
84,388,978
83,889,479
+
s.
'
+15.0
______
4.4
14,515,741
—15.2
13,687,461
K
38,085,788
—16.7
88,301,484
101,843,477
314,413,124
290,326,186
64,292,999
55,478,953
+ 15.9
+ 18.5
168,352,429
133,464,417
+ 26.1
1.6
49,477,625
44,595,004
+ 10.9
35,765,608
+
6.5
9,297,454
+
5.7.
9,830,930
—
'
23,056,788
0.6
+
—13.3
5743*8,880
:
7,4467321
+ 13.3
5,250,230
8.3
+
47X72",081 :7
+ 25.8
6,901,286
1,235,324,000
19,457,317
7,011,594
1,216,414,000
1.6
8,905,462,239
8,338,719,688
29,830,286
305,129,000
25,103,715
+18.8
288,190,362
194,046,912
159,930,176
+ 21.3
9,794,109
7,690,447
9,220,389
14,54ff;901
+
6.2
68.095,900
59,160,500
+ 15.1
2,151,177
5,953,446
X 1,791,966
159,666,767
133,359,959
+ 19.7
5,072,075
4,444,841
——
Riverside
Ban
Francisco
San
Jose
——
Barbara
—
Stockton
23,266,354
(19 cities)
—
+
+
19.0
2,310,395,415
Outside New York__
2,233,691,380
+
3.4
16,537,586,547
47,480,106,025
+
6.4
360,281,574,434
321,813,977,811
23,134,342,130
22,437,954,605
3.1
+
167,185,233,224
6.8
+
15,497,322,481
50,505,218,571
—
Grand Total (186 cities)—.
6.7
537,500,733
+11.9
11,479,559,305
157,254,125,960
4,689,885,003
'!
Notices
Below will be found
and
a
common
series
list of corporate
stocks called for
Date
Niagara Falls Power Co. 1st & ref. mtge. 314s due 1966-Sep
Paton Mfg. Co., Ltd., 1st mortgage 414s, due 1956
Sep
Pennsylvania Gas & Electric Co. 1st lien & ref. mtge.
A
514%
bonds—.
bonds, notes,
redemption,
trust
3V4%
bonds
due
ref. mtge. &
Co.
1964
collat.
_______
Safeway Stores, Inc. 5% preferred stock
Paul Union Depot Co. 1st & ref.
mtge. 314%
bonds, ser, B, due 1971
Schenley Distillers Corp. 4% debens. due 1952
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
Schulco Co., Inc. guaranteed 6%
Walworth Co. 1st mtge. 4s due
$2337
1
which the details
page number gives the location in
were
:
given in the "Chronicle."
NOTICES
OF
607
Date
Curtis Publishing Co. 3% debentures due 1955
—Aug 16
Gaylord, Inc. income mortgage bonds
Aug 15
Georgia, Southern & Florida Ry., 5% debs, dated 1924—Oct
1
(Walter E.)
Falls
Co.
&
Hotel
5Va%
preferred stock——Sep 27
4Vi'/o 2nd mtge.
bonds—(Sep 10
Corp.-
due
*
134
570
*
607
Manila
Electric
1
608
Manila
American
Stores
5%
Corp.
Co,
1st
mtge. 20-yr. 314%
gen.
Canada Cement Co.,
Canadian
Utilities.
Carolina,
_
mtge.
Ltd.
Clinchfield
Ltd.,
'
&
due
—Sep
1
451
1
563
4V4S, ser. A——Sep
mtge. 5s, ser. A
Sep
Ry., 1st mtge. 4s, ser. A,
1
564
3
131
Sep
1
244
income bonds:
Aug 15
1st & ref. mtge. 41/4s,
*
._
1st
Union
Terminals
mtge.
__Sep"
1
$2553
Oct
5'/2 % s.f. gold bonds, series A
mtge. 5% s.f. gold bonds, series B
1st mtge. 4%% s.f.
gold bonds, series C
Collins & Aikman
Corp. 5% conv. pfd. stock_____:
3
132
Light Co.
bonds, series
Illinois
Power
bonds .due
A
and
3 y4%
debs,
due
Light Corp. 30-yr, 514%
1957——
Maritime Electric
Co., Ltd.
1971_—-Sep
mtge. conv.
due 1949—
&
gen.
mtge.
__Oct
1
458
1
570
debenture
Sep
5V2S
due
1956—Oct
J11®.E1fc; c°-> Ltd- 414%
Master Electric Co.
1st mtge. bonds due 1956_Oct.
10-yr. 3%% debs, due
1953——Sep
National Oil Products
Co. 314 %
debs,
due
1955 &
451
mortgage 3% serial bonds, due 1945
—Aug 15
1st mortgage 5% sinking fund
bonds, due 1952
Aug 15
Atlantic Sugar Refineries Ltd.
15-yr. 1st mtge. 4s due
347
Atlantic Co.—
pfd. stock
-
•
1951
Aug 15
Corp.—
Cons. mtge. 20-yr. s.f. 3% bonds, ser. G, due
I960—Aug 24
Cons. mtge. 25-yr. s.f. 314% bonds, ser.
H, due 1965 Aug 24
—
Canadian
Cos.,
Ltd.
4%
1957 Sep
I
135
1
355
1
461
1
*
X
571
collat. tr.
Corrugated Paper Box Co., Ltd.
Crane
Morris
Co.
5%
preferred
6%
7%
bonds
10-year
214%
debentures
debentures
due
due
564
.
1
566
1
352
Aug 18
*
1,'46
1
352
1
566
Sep
1
566
Brothers Stores, -Inc. 5%
pfd. stocks—
Co., 514% preferred* stock..—
—_Aug 13
Empire Sheet & Tin Plate Co. 1st mtge. conv. 6s
Elliott
1948
________—
—
Empire Steel Corp., 1st mtge. 6%
Fuller
Brush
Co.
$7
preferred
7
.—Sep
1950
1946-1950,.
Edison
due
452
564
due
—
452
Aug 27
1951-Sep
pfd. stock—
Sep
stock—,
bonds
L_
;____ Oct'
352
247
1
568
133
conv.
bonds, due 1948_Oct
1
stock—
Oct
1
353
Oct
1
457
General Outdoor
Advertising Co. class "A" stock
General Phoenix Corp. 5% convertible
debentures
Hamilton Watch Co. 6%
preferred stock—
Hecht Co. 414%
preferred stock—
Hone
Plan
bonds,
1
1st
Sep
460
.Sep
460
* 1
1
571
lien
_____
Storage Co.
Corp.,
5%
cumul.
Shares
series
Corp. 6%
due 1947
A,
Automotive
Aug 29
conv.
secured
614s___—Oct
income
461
249
convertible
Sep
.
1
Fibres.
13
-250
due
Co.
Sep
24
1
570
Aug 20
458
*
Co.
1
1st & ref.
$2560
$313
1
251
16
394
20
<7
.-1
mtge. 414s due 1960_Oct
1
Oct
1
stock
1st
1st
mtge.
1st mtge.
mtge.
414s
1948
1
Oct
and
C
Oct
_—
1
'.X-.
500
608
609
608
609
Standard
B
.
393
31
Aug 29
Southern Bell Tel. &
Teleg. Co. 314% debs, due 1962—Oct
1
Co. $2 series A preferred stock
Aug 25
Oil Co. (New
Jersey) 23/4% debs, due 1953—Sep
1
Standard Oil Co. (Ohio) 414%
conv. pfd.
stock
Sep
4
Talcott (James), Inc.
514%
preference stock
Aug 20
Texas & Pacific Ry,
gen. & ref. mtge. 5% bonds,
395
499
Aug 15
bonds
*
r
395
!>
5s, ser. A,
due
*
7.
-
Spicer Mfg,
series
464
v
1
Sep
Inc.
V'.f. '•
15
Schenley Distillers Corp. 4% debs, due 1952—
jsep 1
Schuyler Hudson Corp. 4% 1st mtge. bonds due
1947__Sep 15
Skelly Oil Co. 3% debentures due 1950
609
*-
609
396
610
General & ref. mtge. 5% bonds, series D
610
Dec
1
Texas Power & Light Co.—
6% gold debenture bonds, series A, due 2022—-July
1,'47 $2490
Tilo Roofing Co., Inc., $1.40 preferred stock
53
Sep 15
Trinity Court Bldg. (Burda Holding Corp.) 1st mtge.
4% bond ctfs. due 1946—
610
-Sep
1
'
Union Oil Co. of California, 3% debentures, due 1959—Aug 15
290
—
United
States
Leather
Co.
7:
Youngstown Sheet & Tube Co.
due
—Sep
Car
•
I
1947
Machinery Co.,
Louis
"*
gen
preferred
Read
571
1
15
6
bonds
Portland Gen. Elec.
Pure Oil Co. 6%
137
1
stock—Aug 31
pfd.
Inc., 6% conv. pfd. stk.._Sep
Candy Co., Inc., 1st and 2nd pfd.
stocks,—.Aug
New York, Chicago & St. Louis
RR., ref. mtge. 414 s
Ser. C, due 1978
Sep
Toledo St. Louis & West. RR., 1st
mtge. ds, due 1950_Oct
O'Connor, Moffatt & Co., class AA common stock
Aug
Panhandle Eastern Pipe Line Co.
5.60% pfd. stock__Aug
Pennsylvania Telep. Corp. 1st mtge. 314s, due 1969
—Aug
Pennsylvania Telephone Corp. $2.50 preferred stock
Sep
Philadelphia & Reading Coal & Iron Co.
gen. mtge. 6%
St.
$2782
Aug 31
Cuban Telep. Co. 5% 1st mtge. conv. bonds due
1951—Jan
Dow Chemical Co. 214% and serial debs, due
1950
—Sep
Serial
347
Steel
Oil
Lighting Corp. 5%
Quincy Electric Light & Power Co.
1st
10
*
■■/£• 130
Jan. 1,'46
Atlanta, Birmingham & Coast RR. .5%
Nov
456
1
130
Consolidated Title Corp.
247
562
1
1960
132
♦
562
Dec
due
132
*
1
1
347
1
563
Page
Ry.—
1
1st & ref.
series B,
504
611
1
bonds
1946
1st mtge.
ser. A,
1955
$2787
1st (closed)
Dec
Convertible
due
5s
Maple Leaf Milling Co., Ltd. 514%
mtge. bonds
563
due
mtge.
*
Aug 30
bonds
ref.
National
J___
convertible
ser.
_Aug 15
E^
—Jan. 1, *46
608
—Sep
Fe
mtge. 33/4s,
1
1st mtge.
1965
ref.
1
Micromatic
Oct
Electric
6%
due
&
Merchants Ice & Cold
L
Atchison, Topeka & Santa
tr.
1st
608
debens., series A & B
Champion Paper & Fibre Co. 6% preferred stock
Auto-Lite Co. 214%
debentures due 1950—Sep
5
Empire District Electric Co. 1st
mtge. 3Vas due 1969—Sep
1
General Acceptance
Corp. 5% conv. debentures
Sep
1
Gorham, Inc., $3 preferred stock
Aug 15
Greenfield Tap & Die
Corp. $6 pfd. «tock___________—Sep 10
collat.
Co.
611
4s,
1st &
Page
preferred
Sep
Date
1st mtge,
Date
RR.
1
Oct
_
Hygrade Food Products
Corp.
1964
Bethlehem
Co.—
mtge.
1st
Hartford Electric
due
4%
1956—______ .—Sep
'
Chicago Produce District
345
bonds, series E,
1st mtge.
1st
Ohio
Page
__Sep 15
—___
bonds
Chicago & -Western Indiana RR.,
;
Ser. D, due 1962—
1st
stock,—
Date
3,524,140,475
—Oct
Co., Inc. 5% & 6% deb. bds. due 1951-Sep
Telephone & Teleg. Co. 314% debs, due 196l_Oct
Arkansas-Missouri Power Corp.
■
preferred
L——
RR.
REDEMPTION
vi.
4,268,673,321
1
" V
Memphis Ry. & Bridge Co.
7,312,882,585
bonds due 1960
Electric RR.
&
American Locker
Arkansas &
380,861,913
9,045,895,173
3,581,228
Oct
mtge. 4%
1
ENTIRE ISSUES CALLED
Company and Issue—
3,230,773
2003
National
352
1,370,166
4,142,208
483,733,344
——Oct
4-:-
2,021,098
+ 13.4
A due 1958_Sep
ser.
4,131,152
500,792,775
Unified
Page
5s.
PARTIAL
.
Company and Issue—
bonds,
1955
26577687000
+ 14.1
Louisville & Nashville
Washington Water Power Co. 1st mtge. 314s due 1964_Aug 20
Western Auto Supply Co. 314% debs, due 1955—
Sep
1
TENDEB
Company and issue—
__
20678*267000
5.9
+
Company and Issue—
"
Sep
Oct
2,760,881
International Metal Industries, Ltd. 6%. conv.
and 6%
conv.
preferred series A stock:
Saint
ing tenders, and the
.
572
1
—Sep
:
Pennsylvania Water & Power
Page
1
5,5367800
3^676^419
+ 29.2
4,424,825,946
6.3
+
Company And Issue—
Redemption Calls and Sinking Fund
10,"2737542
-
+ 20.0
.
10,127,740,689
+
•estimated.
preferred
+
+ 13.8
+
'
11,400,272
_______——
Pasadena
Cleveland
1,159705 0
53,529,622
19,816,085
44,749,586
2.5
6,550,824
Modesto
1965
2,568,000
+
,124,868,268
,v
,
Calif.—Bakersfleld
due
10^278,517
2,788,000
9.8
—
.—
City
Ariz.—Phoenix
Bamberger
12^46(7050
+
District—San Francisco—
Reserve
—-
1964
.1
+ 18.6
—13.6
2,709,462
X,164,821,698
—
—
due
1,959,097
76,19*57569
22,341,944
306,681,885
■
2,889,983
9474~507247
+
2,640,412
,
&
9.5
"+"l~27o
22,349,825
Z
(11 cities)
Armour
+ 14.2
+ 10.6
100,322,000
+13.0
—
r
+ 17.1
S
416,634,004
'
435,662,703
3,705,957
Portland
Allied
576707964
2752L376
325,849,942
10,852,495
—
Ida.—Boise
.
46,134,647
8,638,007
10,831,489,075
8,310,057
491,072,596
Ore.—Eu,gene
Heller
71,099,540
+ 23.2
478,420,388
3,650,032
410,956,867
11,936,459
8,971,382
4,305,000
Niagara
3,594,275
'
+ 16.5
District—Dallas*
Reserve
Yakima
•
206,011
4,127,308
8.8
+16.8
—
17^,836
303,308
+ 21.4
5.7
—13.1
5,325,002
228,671
+ 21.9
1.2
200,701,041
241,282,002
'
4.8
—
360,838
4,115,779
67,099,540
*
0.1
2.1
238,751,960
25,581,356
5,776,909,696
1,577,940,520
Wash.—Bellinghara
:
+
185,740
439,871
—
3,987,647
1,709,278,756
Texarkana
|
144,897,993
6.3
+
—
+
—
La.—Shreveport
Total
201,636,379
—18.1
„
2,489,796
'
•
9.2
176,833
4,028,801
Arthur
Santa
199,403,176
4,997,233
78,137,428
49,492,744
Lake
217,692,470
3.2
225,565,687
Worth
Twelfth
578167673
2,244,235,908
7,590,330
9,195,082
3,057,943
Houston
Seattle
"*9967496
478*117554
8.6
257,186,015
4,375,303
—
Paso
Total
l70977361
+ 19.4
+ 11.1
987,282
—
Falls
"+7o75
5,899,586
58,999,917
-—
Wichita
I7^9"3",794
57959*,103
124,963,066
2,178,978,905
7,597,598
9,082,288
100,953,455
857,855
—
Galveston
i,To~6~975
6,553,447
68,902,703
5,306,694
Springs
Dallas
1,2657298
128,914,174
883,896,544
.
26,939,226
I
Beaumont
"*+26.6
8.3
+
1,296,800
3,881,041
A Texas—Austin
I.4H296
+19.8
+
1,111,351
15,747,631
42,361,651
43,924,060
Federal
Eleventh
v
15,938,268
289,329,772
1,121,084
1,215,031
T9tal US cities)
lT077662
City—
12,899,159
—
57O~O"8~957
47725",596
6.2
935,497,107
-II__I-_—
~+~~7~.I
7.2
"
Denver
Pueblo
36,8037211
578~5~8",563
27i~00,096
6.6
3 ,376,320
-
Wyoifcing—Casper
51^803~2li
7.1
147 031,003
.
okla—Tulsa
Tol?
1,840~,473
+ 22.5
1.6
0.5
314,181,527
-
50^453~987
3.9
+
19,0*997492
*
4,841,790
94,225,186
4.7
+
—
—
MO—Joplin
Colo.—Colorado
v
9,657,480
5,389,652
-
_
92,421,745
36,919,861
19,953,148
448,676
District—Kansas
—
City
Bt. Joseph
Carthage
•
,
498,530
-
Kansas
96 ,782,460
5,302,366
-
I.!—
Wichita"
"
964,553,900
Kans.—Manhattan
Topeka
V.:-
20,048.027
834,516
Parsons
17,044,000
9. 278,788
+18.6
II
4,044,683
135,597,315
57062,240
+ 18.5
17 .190,900
1,336,287
III—I—IIII
_
+ 18.8
+ 11.2
1.1
50, 795,948
"Neb.—Fremont
LlnScolnS
$
4,182,245
.9
15 .148,305
+26.9
5,622,222
Reserve
1942
$
50^819^461
+ 11.8
—10.3
-
Tenth Federal
1943
135,001,188
3.7
2,156,000
11,873,401
-V;
or
+ 13.4
6,521,046
1,475,946
(16 Cities)
Omaha
+
3,254,417
95,568,317
2,361,739
6,667,690
-
Inc.
Dec. %
4,967,092
150,177,512
4.1
1,856,000
-
Total
6.6
14,288,854
Falls
Long
3. 689,971
106 ,796,572
—______
Helena
Salt
17. 157,843
6.7
—•
Great
1944
$
+ 12.5
+
2,118,017
Falls
1945
6.1
+
16,095,114
1,413,615,831
16,550,645
+10.4
+
+
8,276,129
Lewistown
Port
18. 110,236
1,471, 876,268
;
+13.0
449,840
13,448,689
-
Huron
Ft.
2,075,180
*496,837
:
Week Ended Aug. 4-
Inc. or
Dec. %
^
123,290,297
4,117,983,974;
4,389, 631,888
9.3
Hi
—
Mont.—Billings
El
130. 854,433
3.9
D.—Aberdeen
Sioux
.•
+
+
V
•
.
$
+10.0
2,415,177
2,344,157
'
—
1944
11.0
201,650,505
.
Grand
.V
19,333,814
593,603,857
2,638,759
D.—Fargo
Mlnot
8.
or
Dec. %
209,531,078
-
Paul
Fergus Falls
N.
Inc.
$
>
653,192,631
——
Rochester
St.
.
21,463,963
Minneapolis
1944
•
.
.
71 r
-Jan. 1 to July 31—
1960
prior
preference
stock—Oct
ser.
Youngstown Sheet & Tube Co. preferred stock
•Announcement in this Issue,
$ In Volume 161,
1
54
Aug 13
1st mtge. 314s,
—
396
D,
—Oct
1
611
'
FINANCIAL CHRONICLE
THE COMMERCIAL &
712
A A'a
/
Foreign Exchange Rates
FOREIGN
'.''A
Argentina, peso—
A
.297733*
Official
Free
/
.251247*
3.209453
AA; A
3.208486
A
::.A
■
3.208120
Brazil, cruzeiro—
Official—
.060602*
.060602*
.060602*
,060602*
Aug. 9
A
.297733*
.
.251247*
||
3.207180
A
.060602*
(quar.)
(quar.)
.060602*
'.-A-.
.051802*
.051802*
.909090
.909090
.909090
.909090
.909090
.904910
.905781
.906015
.906250
.907500
.907500
.569800*
.569800*
.569800*
.569800*
.569800*
.569800*
4.027031
4.026403
4.025781
.020189
.020189
.020189
.020189
.020189
.301215
.301215
.301215
.301215
.205820
.205820
.205820
.205820
.205820
.909090
.909090
.909090
.909090
.909090
.903333
.903541
.903750
.905000
3.222333
3.221333
pound
Union of South Africa, pound
New Zealand,
3.221333
3.221000
3.221000
4.005000
4.005000
4.005000
Chase
4.005000
.658300*
Hotel,
Circle
.561250*
Noncontrolled
Collins
5%
.561250*
.561250*
AA
Knitting,
Ltd.
preferred
—;
Combined
Reserve Banks
8-20
8-15
1
8-15
10-
1
9-14
10-
1
25c
$1.25
;
75c
40c
9-
1
-
8-21
9-
1
8-21
9-
1
Elevator, $3 pfd. (quar.)
8-15
9-
7
8-24
9-
7
Co.
111.) (quar.)
(interim)
(Chgo.,
common
____
/
(—) Since
■'
I-
Aug. 8,
certificates on hand and
due from U. S. Treasury
1945
Oold
Redemption fund—F. R.
17,311,110
667,802
notes™.
7,847
+
17,084
Other cash
:
163
purchased
Acceptances
+
312
+
3,579,347
+
2,738,521
583,679
+
214,184
—
1,112,642
and
brokers
to
dealers
for
23
Amer.
Dow
obligations
U. S. Government
•
purchasing or carrying:
Government obligations
U. S.
(incl. guar, sec.)
Total loans and
26
91,299
~147
+
13,049
1,682,707
86,503
+
139,660
other banks
Uncollected items
Bank premises
6,971,425
—
110
Due from foreign banks—,
F. R. notes of
+
13,402
22,266,156
securities
+6,687,363
32,881
+
21,909,675
652
—•
33,965
i
~777*
60,604
Other assets..
3,400
—
+6,204,027
-119,566*
42,326,256
—
+4,141,329
+132,453
23,473,107
Federal Reserve notes
Loans to banks
:
Other loans
537,715
—140,009
1,148,287
439,282
Foreign.
+
27,926
—
14,832,650
acct—
acct—
Member bank—reserve
44,291
+
2,023,049
50,219
+
298,046
—
10,866
+
—112,778
+
Treasury certificates of Indebtedness
—141,858
+
Deferred availability items—
+
—
+6,120,872
-121,372*
171,452
—
228,153
40,056
200
+6,204,027
-119,566*
42,326,256
deposit &
10.2%
44.5%
.
17
5,152
Banks
Reserve with Federal Reserve
Balances with domestic banks
-
Federal
■
■
-
■«
reporting member
Reserve
System
in
101
Commercial
industrial, ■> and agricultural loans in¬
creased $23,000,000.
Loans for purchasing or carrying
United States Government obligations decreased, and
loans for purchasing or carrying other securities in¬
U. S. Government
deposits
Holdings of Treasury bills declined in all districts, and
was $257,000,000.
Holdings of Treas¬
the total decrease
certificates of indebtedness and of Treasury notes
declined $22,000,000 and $67,000,000, respectively.
Hold¬
ings of United States Government bonds increased $34,€00,000. Holdings of "other securities" increased in all
districts and the total increase was $102,000,000.
ury
Debits
adjusted
increased
$155,000,000
in
City and $93,000,000 at all reporting member
Time deposits
deposit accounts
increased $63,000,000.
States Government deposits
United
declined in all districts.
Deposits credited to domestic banks declined $62,000,in New
York City and $86,000,000
at all-reporting
member banks.
reporting
member
banks
increased
$147,000,000 during the week, and on Aug. 1 amounted
to
+102
$381,000,000.
'
84
—
Irregular
9-
8-13
6-28
1
8-21
Florida Power Corp.,
361-
Fundamental
Garrett
11
General
Bronze
3,936
+
93
+
+
63
+1,827
+
136
86
+
708
—
+
188
+
+ 147
9-
1
50c
8-15
8-
8
15c
9-
1
9-
pfd. (quar.)__
339
1
8-21
7-31
7-26
40c
30c
8-15
7-31
9-10
8-31
2c
:
: A
(quar.)—
preferred (quar.)
Inc
4%
Corp.—
General Motors
Corp.,
i
common—.
Great
American
Great
Atlantic &
7%
Great
Eastern
Great
Pacific
Fire
7%
bring together all the dividends announced the
current week.
Then we follow with a second table in
which we show the dividends previously announced, but
first
we
Further details and rec¬
in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
which have not yet been
paid.
past dividend payments
ord of
declared
8-20
1
8-16
1
8-16
9-
1
8-20
40c
9-
1
75c
$1.75
9-
1
8-21
8-15
8-10
(s-a)
50c
■
"
quar.)_—_—$$1.25
preferred (initial
Acme Steel (increased
$5
quar.)
40c
——_j.
of Rec.
'
9-15
8-20
9-12
8-22
A/A
Agricultural Insurance Co. (Watertown,
N. Y.)
(quar.)
_________———
Alabama & Vicksburg Ry, Co. (s-a)_
+
75c
10-1
9-15
$3
Allied Products Corp. (quar,50c
Allis-Chalmers Manufacturing Co., common
40c
Aluminum Co. of America, common (quar.)™
50c
10- 1
10- 1
9-28
9-10
9- 8
9-11
9- 7*
$1.50
10- 1
9-15
9-10
8-22
preferred (quar.)_—
—____
Aluminum Industries, Inc. (quar.)
—
American Chicle Co. (quar.)—-——________
American Cities Power & Light Corp.—
6%
15c
$1
Class A (opt. div. series) of 1936.
;,v;'-a,:/.
Cash or l/'16th share of Class B stock—68%c
10- 1
Co.. Inc. (quar.)—™—3c
Eiectric, common (quar.)_
40c
preferred (quar.)
—$1.18%
American
Furniture
American
Gas
&
15c
$1.75
50c
$1.37ya
$4
50c
15c
Illinois———_
American Public Serv, Co., 7% pfd. (accum.)
American Seating Co.
(irreg.)—
—
American Thermometer, $5.50 pfd. (quar.)_
American Woolen, 7% preferred (accum.)—
Co. of
Investment
Archer-Daniels-Midland
Fuel
Oil Co.,
Atlas Tack Corp._
Co..—
6%
——.———
Balfour
de
Bankers
Class
los Andes
National
&
A
Investing
Border
City Manufacturing
Borden
-
.
_
(Richard) Mfg.
Co.
Boyertown Burial Casket Co.
(quar.)
Co., Class A
(quar.),
(quar.)
8-29
10- 1
9-12
9-1
9-20
8-14
9-20
8-23*
8-21
9-15
8-31
8-15
9-1
8-31
8-20
8-16
14c
7c
10c
30c
10c
$1.07
8-30
9-29
8-15
9-15
9-17
8-15
9- 5
8- 4
8-18
9- 1
____
50c
30C
50c
25c
9-1
9- 1
8-8
8-16
8-15
8-17
8-1
8-11
9-1
8-31
8-31
8-22
8-16*
8-17
2-14
_
Brunswick-Balke-Collender Co.,
preferred
(quar.)
Inc._
Class A
$5
8-15
8-31'
$.1
(quar.)
(quar.)
Inc.
9- 4
9- 1
9-20
35c
(irreg.)
Refractories, Inc
Optical Co., 5% pfd._
Beaunft Mills, Inc. (increased)
Belden
Manufacturing Co.
(quar.)
Shoe Co.,
10- 1
41V4C
$1.25
_
__
Basic
Brown
'AA; A.,
9-10
8-10
8-16
2-28-46
Corp.
Seelig Manufacturing
Airways,
50c
8-15.
9-15
9- 1
15C
(Amer. Shares)
Fence & Wire
■
,
Inc.—•
preferred (quar.)
___
Building Inc., common vtc__
$1.65
Barlow
—
pfd. (quar,).—
.
Automotive Gear Works,
.
8-20
9-15
$2.75
Arkansas
pfd. (initial quar.).
pfd. (quar.)—
new
9- 1
50c
com.
(quar.)
9-
1
8-20
25c
9-15
9- 1
$i>25
io- l
9-20
9-
preferred
pfd. (initial quar.)
9-
1
9-15
9-
1
8-
1
7-16
9-15
8-15
9-15
8-15
9-
8-15
9-
8-15
lOc
9-
5c
9-
8-18
25c
9*
8-20
50c
9-10
8-25
9-10
8-25
20c
'
;
(quar.)
A——A'
$1.10
A
Inc. (quar.)
25c
$1.75
40c
Ludlow Mfg. & Sales Co. (quar.)___.——$1.50
v
Maclaren Power & Paper Co, (quar.)
Magazine Repeating Razor, common (quar.)
$5 preferred (quar.)__'_
....
425c
Metal & Thermit
7%
preference
(quar.)
Middlesex Water (quar.)
pfd. (accum.)
4%
7
9-
7
8-1
9-15
9-
1
8-31
8-11
8
8-25
9-
8
8-25
8-18
35c
■
8-25
9-10
9-
9-29
9-20
15c
...
9-10
35c
$1.75
8-21
8-10
9-
50c
X
1
8-17
9-10
8-25
$j
9-
1
8-20
$1.06
9-
1
$1
—...
9-
1
25c
preferred B (quar.).—
414%
9-
8-15
9-15
Minneapolis-Honeywell Regulator, common..
4%
1
$1.25
Corp., common (quar.)....
Michigan Sugar Co., 6%
1
10-
t62V2C
(s-a)._
(quar.)—__—__——'A
preferred
10»
9-
' A .'
A'.A ;'',A
Ltd.—
redeemable
8-18
25c
——_
Master Electric Co.
.
$-31.
9-15
30c
$1.25
Lorillard (P.) Co., common (quar.)
7%
preferred (quar.)
conv.
9-17
9-15
—
'.A_.—.A-;'
Inc. (quar.)
Little Miami RR. special gtd.
Original
$1.25
6
1
9-15
$1.50
(H. D.) Co.,
Massey-Harrls Co.,
9-
10-
-
10-18
10-1
(quar.).,.——
Electric Co.,
9-15
1
$1.50
t25c
.
preferred (quar.)—_
Ice &
9-20
20c
Shore Mines,
Louisiana
9-29
11-
25c
;
Superior District Power Co + common—
Lee
1
8-3Q
8-20
A $1
.......
d.—....
9-
9-10
25c
5%
Extra
8-14
9-12
9-29
$1.06V'4
Lake
Inc.
9-14
25c
—_
Lake
Lamston (M. H.)
9-15
50c
(quar.)—.
Ltd.*(quar.)
1
40c
.
La France Industries 6Vc
10-
$1.25
common
5
9-
8-11
50c
preferred (quar.)——
Corp.
9-22
9-15
8-25
25c
—
5% convertible preferred (quar.)
•Kinney Manufacturing Co., common
$6 non-cumulative preferred (quar.)——
Labatt (John) Ltd. (initial)
;A
8-31
$1
37%c
Co., com.
1
25c
—
(quar.)
Hollingsworth & Whitney (quar.)
International Nickel Co. of Canada, Ltd
Water Supply
10-
75c
(quar.)—
(quar.)—
8-51
9-15
25c
(quar.)——
7-25
8-
$1.12J/a
(quar.)—
Haverty Furniture Cos. common
Mining Co.
8-11
$1.37V'2
Co., 4Vs%
(quar.)
preferred
8-15
8-11
87V2C
Tobacco Co., $3 pfd.
King-Seeley
Holder*
:
Payable
8-15
25c
(quar.).
(quar.)
Tea Co., Inc., common (quar.)
4%% preferred (quar.).——
Kidde (Walter) & Co.—___
When
Share
8-15
8-15
50c
common
& Co.,
Common
$5
8-20
A
Jewel
announced this week are:
Acadia-Atlantic Sugar Refining—.
43i%
(A.)
Jamaica
8
25c
(James)
Hartman
Hecla
1
8-16
9-
(quar.)_
preferred
$1.50
9-
10-
9-15
;
Harshaw Chemical
$4
r
9-
(quar.)_
(quar.)
B
Harris
In the
separate tables.
9-12
9-10
25c
A
Class
3
9-10
$1
Extra
14,637
1
9-
9-20
1
$1.75
30c
Griggs Cooper & Co., common (quar.)
Guggenheim & Co., $7 1st pfd. (accum.)..
Class
8-
9-15
11-
Tea, common—
Insurance
Paper
8-15
8-15
75c
(quar.)..
Northern
9-15
9-
preferred C (quar.)_
preferred D (quar.)——
!
Montgomery Ward & Co. common (quar.)—
$7 class A (quar.).
Montreal Loan & Mortgage Co. (quar )—
50c
$1.75
..
8-20
8-20
10-15
9-
7
10-
9-
7
1
131140
9-15
8-31
$2
9-14
8-31
30c
9-10
8-24
9-
1
8-15
15c
9-
8
50c
9-
1
8-21
$1.75
9-15
8-31
5qc
8-25
8-15
371/2c
9-
1
8-20
preferred—_
$i
Pepperell Manufacturing Co.___
$2.50
Peter Paul, Inc. (quar.)—.
—
—50c
Philadelphia Suburban Water, common..
20c
6% preferred (quar.)
$150
9-
1
(J. P.) & Co
Motor Wheel Corp. (quar.)
Morgan
Nanaimo-Duncan
6%%
pref.
Airlines.
48114c
Castings
a
—
Inc.—
Oklahoma Gas & Electric 7%
Parker Pen Co.
-
—___—.
National Malleable & Steel
Northwest
:
Utilities—
(quar.)
pfd, (quar.)—
(quar.)
Parker Rust Proof Co
——
I_
Peoples Telephone Corp., 4%%
.
„
•
8-10
9-15
$1.25
10c
(N. Y.)__
Indemnity Co.
preferred
8-25
lc
15c
$1
22c
10c
20c
(irreg.)-...
Hancock Oil Co. of California—
GIVIDEffBS
8-17
A 30c
$5 preferred (quar.)
—436
,#
3
9-15
Corporation
7
9-
$i
Investors,
1,069
—
9-
$3.50
:
•
+
24
—
7%
Fishman (M. H.) Co., Inc.
+
37
+
A
605
+
8-20
guaranteed (quar.
Hanley
Braniff
of
5,755
except
during week
Brown
Borrowings
2,063
+
accounts,
Gov't
8.
U.
and
Bausch & Lomb
000
+
8-17
9-10
preferred
Financial Industrial Fund
476
22
34
+
4%
—2,225
—
1
9-1
15c
Gas Co.,
V 8-15
Ry.—
Natural
Paso
8-31
8-31
26 7/10c
deposit rets, for ord, regis
Massachusetts Street
1st
9-15
50c
Employers Casualty (quar.) —————
Employers Reinsurance Corp. (quar.)
...
Federal-Mogul
(quar.)—
167
67
—
—
1,060
381
demand
to
Interbank
Banco
banks.
—257
9,399
—
Foreign banks
American
^\A:\A
New York
+
-
ings of United States Government obligations and $436,000,000 in United States Government deposits, and an
increase of $147,000,000 in borrowings.
deposits
3
8-22
8-18
Empire & Bay State Telegraph Co.—
7
-
Industrial and Miscellaneous Companies
i
leading
cities shows the following principal
changes for the
week ended Aug. 1: Decreases of $312,000,000 in hold¬
Demand
+
Per
■■
The condition statement of weekly
creased.
+
8-22
9-
$1.75
$1.75
$1.12%
(accum.)
Utilities Associates (increased)
16
—
8-22
1
9- 1
A
.
El
87
+
4
4
1,112
Condition Statement of lemtser Banks
the
23
37,533
8,744
13,783
.
Name of Company
of
+
y:*
A':AA
deposits-adjusted
Liabilities—
Demand
revised.
—
banks
775
8
Cash in vault
The dividends
indus¬
trial loans
figures
30,799
1,446*
115,984
Total liabilities & cap. accts._
1
12.100
360
4*
27,165
Surplus (Section 13b)
Other capital accounts
make
+
+
3,303
9,833
543
2,170
Other securities
o
Eastern
Obligations guaranteed by U. S. Government
807
—
Capital Accounts—
to
55
—
Dividends are grouped In two
41,783,502
F. R. note liabilities combined
6%
+
/ 9- 1
Extra
811*
+
9,112
—
Ratio of gold res. to
325
25,190
.
109,595
Other llabs., lincl. accrd. divs—
•Aug.
O. S. bonds
1,870,755
1,343,349
Total deposits
Commitments
+
95,533
16,957,934'
Other
Surplus (Section 7)
59
—
1,656
10,581
9,565
Treasury bills
Borrowings
Deposits:
Capital paid in
+
1,988
421
1,055
94
1,488
-
Other securities
Real estate loans
Domestic banks™
Total liabilities
Eastern
Interbank deposits:
Liabilities-
U. S. Treasurer—gen.
650
+
Time deposits
Total assets:
+
964
Other securities
Other loans for
8-21
Drug Co
8
—
1,457
„
Treasury notes
securities
Total U. S. Govt,
+
pur¬
chasing or carrying:
8-15
8-31
Corp.—
pfd. (quar.)_
Inc., 7%
9-15
1
75c
—87Vic
25c
Shares
8-25*
1
9-
$1
preferred (quar.)
Distillers Co., Ltd.—
.89
9-15
—_
Insurance
8-25
9-15
10-
-
Dayton Pwr. & Light Co., 4%% pfd. (quar.)
Delaware & Bound Brook RR. Co. (quar.)__
+1,906
—
Forster
Cushman's Sons,
6,779
+
53
+
agricultural
and
loans
Loans
163
+
6,120,511
1,697,950
Certificates
7,620
32,881 A
—
securities:
12,978,572
291,519
+
—
—157
5,926
industrial,
Commercial,
60,828
—
65
+
3,154
855,201
—
46,036. 1
353,164
advances
Industrial loans
•
251,054
+
v
1,653
212,503
Discounts and
—1,106,255
9,500
■
17,978,912
Total reserves
U. 8. Govt,
1944
7%
8-24
9-29
/ 20c
._______™_™._
Corporation
&
Crum
9-14
$4
Varnish, common (quar.)
prior preferred (quar.)
Company, 5% preferred
Crosley
1944
1945
63,696
13,393
Investments—total
Loans—total
&
Crane
$
Assets—
Loans and
Aug. 9,
Aug. 1,
1945
Assets—
Paint
v<
9-15
50c
30c
25c
93%c
40c
preferred (quar.)
Casualty Co. (Chgo., 111.) (quar.)
Continental Mills (irreg.)
Aug. 2,
July 25,
1945 ;
9-
1
75c
$5.60
v
$4 preferred (quar.)__
Aug. 1,
dollars)
Increase ( + ) or Decrease
(In thousands of
8-15
9-
—™
(quar.)
Can Co.,
$3
1
f5c
Corp., common..;
Assur.
Increase (+) or
Decrease (—) Since
9-
8-20
Class B
of dollars)
tin millions
8-10
1
$3.75
12 Federal
7-31
9-
4
Continental
Statement of Condition of the
8-15
9-
Community Public Service (quar.)
Cook
8-20
9-14
....
(quar.)
Aikman
&
Continental
of the assets and liabilities of reporting
member banks follows:
8-31
8-20
8-15
75c
(quar.)
.
Continental
summary
8-31
9-15
75c
$15c
,
Columbia Broadcasting, Class A
.561250*
•Nominal rate.
_■
(quar.)
Co.
Colorado Milling &
—
A
1
9-20
40c
Bar
RR,
Coca-Cola International Corp..
.658300*
.658300*
.561250*
.561250*
.658300*
(initial)
(St. Louis)
vtc.
Extra
4.005000
.658300*
A
.658300*
9-15
9-
9-15
50c
15c
15c
$1
.....
(quar.)—
Hill
.205820
4.005000
(quar.)—
Corporation
3.220000
Uruguay, peso—
Controlled
8-31
8-31
City, Mo.)—
—
Corp..
Cooa-Cola Co.
•
j___——
Central Surety & Ins. Corp. (Kansas
Chrysler
.905000
Newfoundland, dollar-
8-31
9-15
$1.50
$1.50
pfd. (accum.)
preferred (accum.)
Chestnut
.909090
.902500
Illinois Pub. Serv., 6%
Charis
.301215
Mexico, peso—.
8-15
__
Quarterly
.020189
.301215
(British), rupee
8-15
A
Century Ribbon Mills
4.025000
4.026250
4.027968
England, pound sterling
$6
'
.051802*
.051802*
France, franc
India
■
.051802*
Colombia, peso
8*17
9-1
__
.909090
Free.
1
9-15
,
.051802*
Free
Canada, dollar—
Official.
1
9-
8-31
1$1
9-15
$25c
9-15
6% % preferred (quar,)_™™™__.._™_—™™—j. ll$1.621/a ;
10- 1
Canadian General Electric (quar,)™.
—
1$2
9-10
Canfield Oil, common.—
$1
9-29
A,: v 6% preferred (quar.)—
4.A
$1.50
Central & South West Utilities Co.—'aaAAAa ^AA,:/:
A 9-20
$6 prior preferred (accum.)
..-$3
9-20
$7 prior preferred (accum.)
$3.50
A
Central
•
__
.
Class
.AAA'
$ '
A •:AA .251247* -a
3.208153 A
.251247*
.251247* A
3.208486
y-
2oe
"'65 '3/5c
25c
9-15
Corp.
Class B
.297733*
.297733*
.297733*
A .297733*
.251247*
__—-——
Australia, pound-
AA'AA A'.
$
of rt'o.
8-27
'
Aug. 8
Aug. 7
A
A Aug. 6
Aug. 4
Aug. 3
x
,
Canada
RoUter*
Payable
Malting Co., Ltd. (quar.).—™—™_
150c
Vinegars, Ltd. (quar.)_
A
$15c
Wire & Cable Co., Ltd.-—
r:A•'• -i;-••
*A-
Canada
-
When
.
45c
—
Canada
Value in United States Money
Unit
..
Forge
.
York
Buying Rate tor Cable Transfers in New
Per
Share
: ■,
Name of Company
Burton-Dixie
^
f
UNDER TARIFF ACT OF 1930
;A':/ A;'
,
'
Country and Monetary
-aAVV^a"
>
:
Noon
1
■
Co.
_______
Burlington Mills Corp., common (quar.)™>—
4% preferred.
™™_™™™—™—_/_A.
Bank is now cer¬
rate for cable transfers in the different countries of the
CERTIFIED BY FEDERAL RESERVE BANK TO TREASURY
AUG. 3, 1945 TO AUG. 9, 1945, INCLUSIVE
EXCHANGE RATES
>.
:
,
Buffalo
of the Tariff Act of 1930, the Federal Reserve
requirements of Section 522
Pursuant to the
tifying daily to the Secretary of the Treasury the buying
world.
We give below a record for the week just passed:
Monday, August 13,1945/
!
8-25
8-31
8-15
8-
9-10
8-25
9-
8-11
9-
1
1
6
8-11
t
Volume 162
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4411
When
rer
.
Name of Company
.
V
,
,
Share
.
Holder*
Payable
■.;;;'
.V;.
,
•
Co.
America***—
of
————
ElectVic"LTght~ 6 % ~ pi d. {accum.).—-—■
Public
Nat'l
Purity
Bakeries
Trust
&
Y.)
(N.
&
Remington Rand, .Inc., common
$4.50 preferred (quar.)
4%fo
1
1
A.)
9-
1.
9-
1
9-10
8-30
6%
(quar.)
55c
convertible
10-
Furniture
8-20
8-10
9-
8-18*
9-12
8-31
13 %c
11-15
11-
1
$2
8-15
8-
3
9-
8-15
Corp.,
6%
Atlas Tack
Baldwin
9-
8-16
1
8-30
Gfc
4
Bankers
8-20
Bathurst
Timken
50c
9-
5
8-20
Bayuk
$65 %c
9-
7
8-25
Beldlng
Bareco
Barnsdall
7
25c
8-15
8-
15c
9-
1
7-31
$1.75
10-
1
9-20
4
Twin City Rapid Transit,
Underwood Corporation
Union
Oil Co.
$3.75
Union
United
:
S.
9-10
Corp., 5%-conv, pfd. (quar.)
Co. (quar.)-—
$1.50 "
1—
-•
Raalte
r
8-15
8-
10-
1
10-
1
7
-__**_*
9-25
9-
(s-a)
40c
9-14
9-
9-
6
8-27
40c
9-
1
8-20
10-
1
9-
10-
1
9-8
$1
-
-„***•*_
preferred
(s-a)_
:
$2.50
Virginia Elec. & Power Co., $5 pfd, (quar.)
$1.25
Wabosso Cotton, Ltd.
(quar.) __***_*„***_*.
t$l
Warren (Northam) Cofp., $3 pfd. (quar.)
'• 75c
Waukesha Motor Co, (quar.)_
'« 25c
Wentworth Manufacturing Co., common..— '■ 12 Vic
Western Auto Supply Co. (quar,)-——
25c
White Villa Grocers, Inc.; common (s-a)*
-$3
—
_
:
G'.'o
8
10-
'9-
preferred new (quar.)
Wilkes-Barre Lace Manufacturing Co
Winters & Crampton Corp. (quar,)—-L—
Wright-Hargreaves Mines, Ltd,—--—
•-
-
-
75c ;•
7c
*5c
.
10*
'
62Vic
1
1
9-
8- 31
9*
1
1
8-15
9-
1
8-20
1
"(■8-15
8- 15
7-31
9-
•
10*
1
Ltd.,
common
8-23
Abbott's
Dairies
—
Allied
Kid
Allied
Laboratories,
Co.
Bohack
Automobile
American
6%
(Irreg.)
Insurance
Louis)
$3
American
pfd. (accum.)*
(accum.)
Forging
Fork
American
Socket**
&
Hoe
Co.,
...
Hair
&
Felt
preferred
*—!
v
(optional)
of
a
Co.
American
Ice
6% preferred
Indemnity Co
American
American
Extra
Co.
(Irreg.)
Co.,
Ltd.,
(s-a)_«
^*
*
Metal
8-17
9-11
8-17
8-15
Co.
(quar.)**
(quar.)
9-20
10-1
9-20
10-1
9-20
9-1
8-
1
25c
10-1
8-31
<8-15
V
News
1
1
50c
8-25
'•8-15
8-15
Co.
(bi-monthly)
American Paper Goods, 7% pfd. (quar.)
Oil Cos.
8-24
8-31
Class
preferred (quar.)
American Radiator & Standard Sanitary—
Ry.
preferred
American
(quar.)
Re-Insurance
American-Rolling
\4Yzfo.
Centrar Foundry
Central
5
7%
Maine
Mill
(N.
Co.,
Y.)
(quar.)
*___--
common
(quar.)******
6%
8-
6
5
8-
3
15c
9-
1
8-
2
9-
1
8-
2
9-15
9-
1
8-15
7-31-
...
9-15
15c
*
9-
8-24
,5%
dividend
9-
8-21
Central
1
5
Ohio
8-15
8-
9-15
8-15
Central
Ohio
9-14
Central
Steel &
10-15
5
8-15
7-31
37y2c
8-15
8-15
7-31/
50c
8-31
50c
:
9-15
9-15
8-31
roundry***^
9-
<$3.50
8-15
f$1.25
10-1
8-15
t25c
9-1
8-15
10-1,,
7-31
$62y2c
J75c
10- 1
(quar.)
>
-
vprt
&
8-15
Co.,
(increased)
preferred
Co.,
.**■**
(quar.)
common
■
f
12y2c
*
8-31
$1.75
10-
1
8-24
9-10
10-
1
0-10
l
9-10
(quar.)
62y2c
10-
1
9-10
)
,
Wire Co
.p_
j
P-15
!
25c
9-
1
8-15
_*_*__;
15c
8-16
,
8-
1
9-15
450c
^**
'
8-31*
8- 35
7-16
4 3 %*c
8-15
8-
$1.25
■
9-
1
8-13
9-29
9-18
$2
$1.75
9-29
6-
9-15
12 Vz C
8-15
B-
12 Vac
11-15
11-
$1.12%
9-15
(quar.)*
preferred
6
5,
9-1,
75c
40-
1
9-
37:i/oC
(quar.)
(quar.)
10-
1
9-21
25C
*
■30-10
75c
9-
9-
1
8-10
8-10
•
$1
9-20
25c
10-31
8-28
10-
Cup
Co.,
9-29
9-10
8-16
8-
10-
$1.75
12-24
35c
8-20
8-
30c
9-
8-11
8-15
8-
25C
9-
1
8-17
5c
9-
(quar.)
1
10-
1
Dodge
Manufacturing Corp. (Ind.)
Dominion & Anglo Investment—
Common (interim)*
5%
1
8-17
8-17
37% C
9-1
Dravo
Dresser
4 $2.25
-8-15
6
7-31
1
8-15
8-25
7-31
9-
i30c
:
conv.
—.■**_—:
Industries,
Inc.
(quar.)*.
(quar.)
1
1
7-15
8-15
/
8-
8-15
3
25c
..-•8-35
8-
4-
9-35
9-
1
-37%C
9-JO
8-20
1
9-20
*
—-—
-
30c
—*—*—
common
Lead
50c
32 %c
—
7-15
9-
25c
prior pfd.—
;
1
8-18
1
9-
25c
-
$1
8-
1
9-15
9-
U5C
;**__
*****
*
9-
t50c
—
A
$1.32%
$1.25
..
30-
10-15
9-15
25c
8-15
15C
9-10
8-25
9-
1
8-11
•c.
.
1
.
8-
1
Water Co.—
preferred (quar.)
—.—preferred («nar.)—*— - **—,—,—Eastern Equities Corp.
(liquidating)*—
6%
7-31-
(quar.)
Shoe
Corp.
Eagle-pitcher
8-15
$$1.25
Class
Company
& Bradstreet
9-10
8-
1$3
(quar.)———J
4J/2%
preferred
(quar.)—,—
Duquesne Light 5% preferred (quar.)
Dwight Manufacturing Co
Dun
10-10
1
8-15
•
:*
L.)
10-31
10-
8
6-2$
6-28-
Investments, Ltd.—
Ltd.
Paper,
(W.
8-10
2-
25c
:(quar.)
(quar.)**___
(accum.)
Stores,
Class B
Douglas
Draekelt
:
8-10
1
8-13
25c
:
preference
fl
9-1
.
(quar.)
Ltd.
2
$1.25
62%C
Extra
1
12-24
,1
I**1—_*
common
Bridge
6
$1.75
(quar.)**
preferred
1
$1
50c
(quar.)*
common
,
P-30
1
35c
.*__;.
7
50c
East St. Louis & Interurban
,
Products
t
1 *
-
•56M.C
(quar.)
9-
9-
8-13
Class A
8-15
8-17
9-25
9-15
•
11V4%
2%%
Donnacona
8-15
/-
.
7-31
7-19
9-1
25c
7
8-31
*
-3-1-46
9-10
i
9-
3
8-15
75C
1
8-31
9-
9-
10-
9-
9-28
75c
Dominion
75c
7-31
;i$1.75
,
i"
•
8-15
f30c
participating preferred (s-a*
participating preferred (s-a)
Distillers Co., Ltd.—
Ordinary registered
Dominion-Scottish
8-15
4-
8-15
6 %
1
10-31
7-30
8-
1
6%
9-20
$1.25
Co.,
8-
10-
<><»»»
Match
8-31
$1.50
|
Diamond
1
9-1
8-17
8-31
9-
(quar.)
Dominion
$L50
Steel
r:
1
9-1
8* 3
1
9-15
8-31
Electric
1
11-10
9!
<3>-20
&
10-
.
9-14
"8-15
20c
(quar.)
Co.
(quar.)*,
Light Co., common**L.
(quar.)___*
&
8-
50c
9-li*
1
$2.25
Reynolds class A (quar.)**
Class B
(cuar.)*J_*^
5% preferred (quar.)****.
8-31
(quar.)
series
Devoe
10-
50c
*****
0-14
10-
150c
Hudson
preferred
$37y2c
(quar.)
common
5%
5%
t50c
A___*
9-15
"
19-M
93 %C
Corp.*___
Detroit Gasket & Mfg. Co. 6% pfd.
Detroit-Michigan Stove Co.—
<$2
*
(irreg.)
class
$25c
1
9-15
1
30 4
;■
Co., common (reduced)*
preferred (quar.)
Derby Gas &
5%
9-
19-
•
8-15
}85c
19-1
30c
preferred
Delaware Raycn Co., class A
;*_
Dentists Supply (N. Y.)
7fo pfd. (quar.)**
7% preferred (quar.)*****
Dixie
1
8-21
31j/4C
8
10-
$$1
common
8-
8-31
f20c
8-15
9-4
rSOc
&
4 fo
7-31
37V2c
*
n-p
Ltd.
6%
Cohn
&
Delaware Power
7-31
Light & Power Co.—
50c
$1.12Va
9-
8-15*
8-15
fn»or.)_*
,20c
3
1
37y2c
(quar.)**
(quar.)
preferred
9-29
$1.75
—
convertible preferred
12-15
(Alfred)
Delaware
1
9-
62V2c
Boxes
Power
preferred
$1.75
12-
7%
9-
$1.75
common
Co.
Tractor Co.
8-28
10c
Common
7%
^Caterpillar
8-18
9-
Deere
8-15
25c
M.) &
1
9-15
8-29
$1.12y2
B
9-15
$1.75
7%
Decker
10c
1
9-1
25C
Publishing Co. $4 prior pfd.
Darling Stores "Corp.,
8-15
12y2c
9-
25c
,/i 683AC
Press, Inc.-^'/'1-//;
4\'s>fo preferred (quar.)
8-17*
1
9-15
'9-15
Cuneo
;
9-
'
9-15
1
$2
*
;
25c
Co., Inc. class A
Castle (A.
9-5
1
9-15
10-
(interim)
Co.,
9-12
30c
(quar.)
Seal
&
1
-■J'O-'-l
20c
(resumed)*
Inc.—
(quar.)
preferred
Cork
M0-
1
43 %C.
Seal Co.,
&
8-25
12!/2c
8-10
15C
Cuban-American Sugar, 7% pfd. fquar.)
Culver & Port Clinton RR, Co., com., (s-a)_
Extra (s-a)
8-15
;
9-15
■
8-13
1
40c
common**
8-25
Curtis
preferred
Ltd.
Wirebound
8-18
9-15
Inc.,
9-
9-
9-
9-15
25c
9-10
.
9-24
•
Crown Drug Co., 7% conv. preferred
(quar.)
Crown Zellerbach Corp., $5 conv. pfd.
(quar.)
Crum & Forster, Qfc
preferred (quar.)-***
2c
(quar.)**^**—
Canadian
1
Cork
$2.25
8-15'
10-1
*
Crown
$1.25
1
$20c
<5c
1
*
9-20
9-15
9-
$L50
Company, common (quar.)
preferred (quar.)*
Crown
8-22
(accum.)
Pacific
1
35c
*
8-24
8-15
8-15
$1
9-11.
9-15
1
90C
9-30
>$ 10c
4
9-
$1,12 Mi
;V
mo
9-20
10-
4
8-
*
9-
9-15
8-
1
56 V+C
3%%
1
9-1
1
1
9-
•
& Electric
Courtaulds, Ltd.—
Ordinary registered
10-15
9-
9-
iquar.)
Crane
3
9-25
12-24,
60c
of America**
Commercial Corp.—
7-31
flOc
Co., Ltd. (quar.)
Ltd. iquar.)
preferred
&
Glass,
8-11
1
■9-15
Corp.
8-
.
.12-31
25c
(quar.)
(Reading, Pa.)**
Ltd. (quar.)*,
1
2y2c
.___
1S3.50
25c
8-20
1
9-29
Ltd., class A;{quar.)***
8-15/
8-
7-31
1$1.50
Co.
preferred
9-14
■
8-31
(quar.)
9-
•
9-
1
•
Continental Motors Corp
Corrugated Paper Box, Ltd. 7% pfd.
Cosmos Imperial Mills
(quar.)
8-17
20c
preferred
5 fo
Canadian
Carman
7%
8-10
9-
93%c
*
•
6ya%
preferred
9-
9-
8-10
9-
50c
quar.)***
Cannon
Food
Canadian
Consumers
Container
Continental
t-'
10-
8-"15
preferred
Continental Gas
62V2c
;
Products,
Foreign Investment Corp., Ltd,_i
Canadian International Investment Trust—
10-
$1.50
5ftc
;
6c
Co.—
Stores,
(quar.)
Gas
8-10
.
-
American
8-25
conv.
9-25
9-29
,
$1.25
Consumers
8-11*
7-16
■,
55c
Retail
preferred
1
75c
:<
pfd. (quar.)
' 50c
Canadian
5c
6%
preferred (quar.)—
American Meter Co.
&
Bakeries
Canadian
$1.50
8%
8-15
50c
common
8-15
6
8-15,
1
'8-15
$1.25
$1.50
?
:
Breweries, Ltd. com. (initial)
conv. preference
(quar.)____
$3.40
8-14*
9-,l
10c
■
Canadian Fairbanks-Morse
8-
9-1
9-
8-10
9-1
9-11
8-25
______
$2.75 preferred ,(quar.)
Consolidated Vultee Aircraft Corp.—
Common (quar.)
8-15
8-24
9-1
8-30
8 fo
8-13
1
75c
9-21
i% c
(quar.)
'
8-.1
9-10
.$1.75
Canadian
1
8-15
9-20
Canadian
9-
Paper
Consolidated
1
J20c
8-31
9-12
8-
t$1.25
8-15
8-31
1
pfd.
Corp
Corp
Laundries
8-20
8-15
(accum.)__
8-15
20c
9r
Co./(Del.)
Utilities
Consolidated Press,
Extra
1
8-20
■I
Sugar, Ltd. (interim)
Starch Co., Ltd. 7%
pfd. (s-a)
25c
common****
Wyant
Cement
1
75c
9-1
8-29
8-30
1
9-
9-15
'
9-12
9-
10-
8-15
25c
9-15
8-10,
/■•/'- 74c
;
(quar.)
;
preferred C (quar.)
preferred B (quar.)
683/4C
(accum.)
*
Canada
9-10
-•j.
*
(quar.)
Consolidated
8-15
1
20c
Canada and Dominion
$2
(Newark, N. J.)
*
American
9-11
$1.50
—
Insurance
$1.50
Extra
5%
preferred (quar.)***
Products-Corp.
(monthly)
Home
American
8-
12V2C
.__***_
—
convertible
9-21*
8-15
$1.50
common
(quar.)
10-1
1
1
of
snare
Water
$1.25
Canada
8-
$1
.
Corp., Ltd.—
$5
Power
Consolidated
9-
•
(quar.)*_
$1.75
Campbell
7-20
8-15
shares
4Vzfo
Gas
7-20
7-20
Common
Consolidated
<8-15
8-15
Consolidated Edison Co, of N. Y., Inc.
(quar.)
Consolidated Gas Elec. Lt. & Pow. (Bait.)—
4fo
8'
8-
1
8-15
8-15
6 fo
preferred (quar.)
1
Consolidated Bakeries of Canada, Ltd.
(quar.)
Biscuit Co.
(quar.)
9-7
1
Co.
9-
$1.25
Consolidated
0
9-
.
Service 6% pfd. A (quar.)
6% preferred B (quar.)
;
Ca^fomia-Western States Life Insurance***
62Vic
*
10-
50c
Power
9-21*
•
Power
River
8-28
$1.25
(quar.)
Connecticut
7-25
8-
1
preferred
Connecticut
7-31
8-15
30c
Mills
2
50c
$6 2nd preferred (quar.)
American Hide & Leather Co.—
6%
preferred
25c
common—
Corp. $2 pfd. (quar.)*
$2.50
preferred
(quar.)****——
$3 preferred (quar.)
1st
Cotton
California
7-26*
25c
*
8-
9-15
8-20
68 %C
II.), 7fo
16c
pfd.
8-20
5%
$2.20
7-31
9-
50c
(quar.)
Electric
I2V2C
*
General
&
7%
Co.
$1.75
Foreign Pr. 6%
American
&fo
Water Co.
Packing Corp.,
8
8-15
Sullivan
California
1
9-
75c.
(quar.)
California
8-15
8-15
1
Manufacturing—
7-25
6
8-20
1
(quar.)
Connecticut Light & Power $2.40
8-15
$1.25
Co._*___
7-25
10-
1
9-1
r
(initial
8-15
10-
9-
$1.58
Rubber
8-15
$3
8-
8-15
50c
common
preferred
10-1
$1.75
8-15
$1.50
(quar.)
10c
75c
—
8-31
9-15
(N.
*
i
9-
$1.50
*
8-31
1
Co
4c
—
American
Butler
California
(quar.)****
1
8-23
;
Mining & Concentrating Co.
(quar.)**
Burroughs Adding Machine**
Butler Brothers,
common
(quar.)^
4V2fo preferred (quar.)*
^___**_
7
preferred
8-31
75c
common
G.)
&
9-
7%
"9-15
62y2c
l-32nd
&
15c
Foundry common (Irreg.)**
7 fo
preferred
(quar.)***.
American Export Lines, 5% pfd. (quar.)*—
7-31
$1.75
preferred
75c
(quar.)
preferred
8-20
9-29
Hill
(quar.)*.
American Can Co.
1
75c
7%
Byron Jackson
Inc.—
9-
Gas
■*.
9-
50c
pfd. (accum.)***
Confederation Lile Assn. (Toronto)—
Quarterly
;
s
*-.■
Quarterly
Congoleum-Nairn, Inc. (quar.)
8-4
(s-a)
(quar.)**
Bolt Co.
(quar.)
Fund, Ltd. (irreg.)
1
Shares.
Telephone
Concord
-'
*•
or.
preferred
7
—
Investment
Commonwealth
12Vac
& Machine
9-
*****—*
Commonwealth
G
8-23
*
Corp.**
(Edward
Die
9-
Co.
7
1
1
Co.,
(quar.)*
Line
9-15
American Car &
$7
Pipe
prior
Buell
8-13
9-11
31'Ac
*
.-_*—
8-
2
7-24*
8-15
*
*
11-
4
•9-29
_*„___***__
*
8-10 "
9-14
9-28
12-
62 %C
*
held___^
8-
10-
8-10
8-10
(quar. )____**__
International
8-15
10- 1
1
1
9-24
25c
—*
8
25c
*__*____
10-1
Business
American
1
Ltd.
8-11-
9-
"87 %C
******
(quar.)
two
additional
9-
$1.50
Mfg. Co.
iquar.)
Mills, Ltd. (quar.)__*_
20c
*
r
9-
10-15
Commonwealth
15c
preferred
Silk
Bunker
9-14*
share
Commoil,
8-15
8-15
9-14
0-
Co.
40c
Line
preferred
&
20c
3%%
Bullock
9-14
each
7-31
8-15
8-14
(quar.)
(s-a)
C.)
common.—20c
Note
American Barge
Extra
Common
50c
.
l
for
Carbon
1
52C
quar.)
preferred
dividend),
1
9-
stock
Co.,
(quar.)
Bank
American
(St.
9-1
10-1
Corp.
1
9-
9-28
25c
*
Co.****,
convertible
1
37y2c
common
^
Bristol-Myers Co.,
Buffalo
8-15
$2.75
9-
12l/2c
Bourjois, Inc. $2.75 preferred
Roller Bearing Co
$5
1
8-15
; $1.06y*
(quar.)*
(Sidney)
8-H:
12-24
9-
30c
&
9-
*****
Woven Hose &
Budd
9
8- 6
10-
(Stock
t$l
Co.
Buckeye
8-10
20c
Columbian
7-31
3
20c
Extra
8-17*
v
8-15
(quar.)***
Boston
9-13
5
75c
—
(quar.)——
9-10
9-
t$l-50
8-
5
25c
—i.—
Asphalt Roof Corp.
) American
9-
t$2
(quar.)*—__
(quar.)_*
Arch
American
8-15
1
30c
Fund, Inc.
Bruck
7-31
8-31
10-1
$1
9-
8-15
$1.60
Boston
7-31
1
15c
(quar.)
Aluminum Goods Mfg. common—*
Amalgamated Leather 6% conv. pfd. (accum.)
American
10-
25c
Inc.—.—
4% preferred
Alpha Portland Cemen<
Aluminium, Ltd., common
preferred
9-1
8-
1
tlOc
Brown-McLaren
8-15
,
8-15
(quar.)*
Tobacco
(H.
Borden
of Rec.
9-1
t$1.75
(quor.)
Allis-Chalmers Mfg.
6%
*
8-15
t30c
(Irrcg.)
Agnew-Surpass Shoe Stores, com. (quar.)—
7% preferred (quar.)_._.„__*——
*
Payable
25c
25c
*—*
Co.
Wire
Acme
8-
t$1.75
___*.
Holder*
Iron
&
8-16
(quar.)—
Brager-Eisenberg, Inc. (quar.)
Brandon Corp., class A
Brewing Corp. of America (quar.)
'
8-15
8-15
Co.,- common***
Ridge Corp.,
In cash
common
Companies
When
8-31
8-31
Light
preferred
1
50C
Electric, 6% pfd. A (quar.)
Cum. preferred 5,% series (quar. )___*__**
5% cum. preference (quar.)**
Columbia Pictures Corp.—■'
9-
37y2c
Bower
Per
Gas
Fuel
8-15
.
Payable
;
Share
Brewing
Columbia
$15c
common
Diamond
Blue
.
Name of Comvanv
Columbia
$1.25
preferred
6fo
being given-in the
Miscellaneous
Colorado
8-29
$1.75
W.) Co., common
preferred (s-a)*
Bloch Bros.
'9-
1-2-46
25c
common
t25c
(quar.)**
—
(E.
Blue
Below we give the dividends announced in
previous
weeks and not yet paid.
The list does not include divi¬
dends announced this week, these
Industrial and
8-15
& Sons, Ltd. (s-a)
Co.
8-18
11-15
87%C
(quar.)
$1
Inc.
Blumenthal
preceding.table.
Class A
5fo
8-16
9-
Inc.,
A
8-15
(quar.)**——
preferred
•
1
~m
(quar.)
common
25c
—
;
(quar.)*
&
0-
25c
(s-a)_*_
20c
**__**
6fo
6
8-17
Stores,
preferred
Quarterly
*
Paper,
Power
8-20
12-1
$1.25
*
Bliss
'
5%
1
5c
(quar.)
Blaw-Knox
8-15
Colonial
8-21
9-10
,
Ltd.
$3.50 preferred (initial
$4.50 preferred (quar.)*
5c
(quar.)
preferred
$3
9-15
Co.,
9-
10c
preferred
5%
Plow
9-10
$1.05
•
common******
Spinning Associates
Blauner's, Inc.,
8-31
1
(s-a)*
Steel
Hills
6
3
$3.50
New
7-27
1
9-15
r-13
Co.,
9-
8-
$1.50
Coal
15c
Inc.,
(quar.)
Birmingham Water Works 6^ypfd.
•
*
—
5'/t>
9- 20
■
Fine
(John)
&
Black
.*
pfd.
(s-a)
Co., common*;
preferred (quar.j
Common
'
5f.
7%
Insurance
(quar.)******
Corp. common
preferred (quar.)
Bigelow-Sanford Carpet Co., Inc.—
4
-
_i__
—
Works
7fo
1
<
9-
$5c
Howell
preferred
9-1
8-24
$1.25
(quar.)**
Corp.***
Molybdenum Co.
(quar.)
25c
(quar.)
Corp
Inc.
4.
10-15
$1.25
Guaranteed
10c
pfd.
(quar.)
&
preferred
Best
Vicksburg Shreveport & Pacific Ry. Co.—
Common
(quar.)
Show,
Corticelli,
Bethlehem
9-15
$1
'■
Special
Clinchfleld
1-2-46
Extra
9-15
v
8-15
75c
(quar.)
Power
Bertram
7
8-
8-17
50c
$5
$2.50
**
Inc.-
Co.,
1
$1.75
— *•
Potash Co. firreg. )_****—__*—__
Universal Products Co.*___**__*
Knitting Co.—1
&
7fo
8-17
%
8-17
$2
■
Co;, common (quar.)—
preferred (quar.)—*:——
**_*■
Utica
Ltd.
Co.
Cigars,
4V*%
8-20
1
9-
<$1.25
-
*
Bell
9-14*
9-
50c
S.
Van
66 %c
-
1
25c
•
Co.__i.
Oil
Berkshire
■
——
9-
Climax
preferred (quar.)
Beldlng Heminway Co. (quar.)—
Belleterre Quebec Mines
(initial)
-
Co
—
9-29
Gypsum
7%
U.
50c
Pacific Insurance
Extra
U.
>
(accum )
------
(initial)——
A
Car
Aircraft
^United
pfd.
of California—
preferred
Tank
7fo
9-14
Ry. Co.—
Cleveland & Pittsburgh RR. Co.—
7fo
guaranteed (quar.)
6
1
35c
7%
Trustee Standard Oil Shares—
(irreg.)
8-
0-
10c
!—
*
(quar.)
Oil
8-10
9-
/
1
9-10
I
Shippers Insurance Co. of
York
New
8-20
8-31
B
8-10
9-15
9-
(increased)*—50c
series A
Radio
&
15c
(quar.)*
1
9-15
$1
—
25c
.-*f.
8-15
25C
*
5 fo
preferred
50c
pfd.
8-
9-1
9-28
25c
City Water Co. of Chattanooga—
5 fo preferred
(quar.)
Clearing Machine (quar.)**
75c
American
Baltimore
Elevators, Ltd., 5%fo
Manufacturing —
8-10
10- 1
25c
*
Extra
8-20
Toronto
1
9-
$1.50
(quar.)**
Products
Baltimore
Industrial Corp. (quar.)
Company (quar.)-—-——s'; !
Texas Gulf Producing Co.————
Series
(accum.)
*****
Locomotive
8-25
9-20
Sylvania
Troxel
8-15
75c
i
6% preferred (quar.)
_**;
City of Paris Dry Goods Co.—
7% 2nd preferred (s-a)
8-10
8-10
9-28
15c
Co
Mines,
Co.
8-20
-
1
1
9-
12y2c
(interim)
preferred (quar.)
Corp.
Gold
Aunor
Autocar
8-
Bearing.*.****—_
9-
N 75c
(accum.)
common
preferred
Texas
Roller
pfd.
——
Powder
Atlas
1
8-20
8-22
9- 7
Colgate-Palmolive-Peet,
5
10-
$1
25c
20c
8-10'
62 %c
5 % preferred (quar.)*
5% preferred (quar.)**
City of New Castle Water Co.—
5
8-10
9-
5c
8-10
1
8-25
50C
Texas Pac.
8-10
8-15
—-
9-
9-
&
1
8-31
Superior Tool & Die Co.———
9-25
New Orl.
1
.10-
45c
25c
$15c
Cincinnati
9-
8-31
—
1-21
9-
12 %c
pfd. (quar.)
0-20
*****
Cockshutt
12 Vic
conv.
1
(quar.)***—,__*****
8-10
12 %c
._
10-22
Oil
Co
1
:
——**_*.
1
Cotton
Copper
9-
Atlas
9-29
1
Corp,
(quar. )___—*
Corp.
11-
common
convertible
Automatic
Class A (quar.)—
1
u31-46
Atchison
9-15
.
10-
25c
Chicago Yellow Cab (quar.)*****,
Chickasha
Chile
preferred (quar.)*_**_****__*__*_*_*
$1.50
preferred (quar.)*—$1.75
Topeka & Santa Fe Ry., common
$1.50
Atlanta Birmingham & Coast 5% pfd.__—_
$2.50
Atlantic Refining Co
37 V^c
5
10-20
50c
7-27
8-31
9-
7%
8-16
;
15c
30c
1
9-
9-26
6%
9-29
—
9-20
$1.50
:**__;
:
20c
6%
Associated Dry Goods Corp,
Common (increased)
8-16
8-27
•
Sunray Oil Corp., 4%%
Artloom
8-27
36V4C
Extra
9-10
8-24
Standard-Coosa-Thatcher Co. (quar.)*—
Sun-Kraft Inc.,
1
25c
—
Co
1
Chesapeake Corp.-of Va.
Chicago Corp. $3 conv. pfd. (quar.)
Chicago Great Western, 5fo pfd. (accum.)__
9-14
$1.50
*—___*__—
Gas
preferred'
prior
4%
+$1.50
—.
Belt
10-
....
$1.50
(quar.)—I*.**
of Reo*
$1.12%
(111.)—
Armstrong Cork,
8-21
8-15
9-15
—.———
Storkline
$6
5
1
1
10-30
Southern Pipe Line Co
;_*
Standard Accident Insurance (Detroit)—
!
8-
8-15
50c
(quar.)—
8-10
10c
—
preferred
Natural
& Co.
Armour
$25c
—:
*'.
Arkansas
9-
9-14
common
participating
9-
25c
Chain
8-10
1
Holder»
Payable
,
1
25c
<
(s-a)—
com.
preferred
Soule Mill
j,
Inc.
8-15
33%%
*
Farms,
Participating
8-24
$1.12 y2
1
9-
9-
9-10
50c
—
Oil Co.,
Arden
1
,
9-
5
9-
50c
/
Manufacturing Corp.,
7
7
9-
9-15
25c
(quar.):
preferred
Solar
99-
10-
$1.75
:-,i:
Socony-Vacuum
1
1
9-25
75c
5*
50c
Telephone class A (quar.)
Anheuser-Busch, Inc. *******——****;—*
25c
9-
75c
Anglo-Canadian
10-19
1
4l/c prior preferred (initial quar.)
6% prior preferred (accum.)**
7-23
6
When
Share
Name of Company
,
Certain-teed Products—
50c
*
$3
71c
8-
75c
,
6% pfd, (quar.)_*_*
preferred (quar.)*******
Andes Copper Mining Co.**—
10j
10- 2
B
10-
30c
8-31
30c
$1.75
,;
*__*_*
6%
9-20
9-28
11-
37j/2C
(quar.)
___
;
Co.
Anchor Post Fence Co,,
8-15
9-1
25c
25c
__
Simmons Company
Simonds Saw & Steel CoA_u*<**—
Smith (Howard) Paper Mills, Ltd,-—
7
9-15
9-15
$1.25
—
Sanger Bros.
9-
9-15
r
3
American
35c
(initial quar.)
(Dallas) (stock dividend*—*_
Common
c
50c
(quar.)
Zinc, Lead & Smelting Co.—
Common (first payment since 1917)*—*.
Anaconda Copper Mining******—***—_*«
Anchor Duck Mills (irreg.)
8-17
,10-
Class
9-20
$1.12 Va
Sheaffer
8-14
9-1
8-
v
Sugar Refining, 7% pfd. (quar.)**
American
Tobacco, common
(quar.) *,—__
1
V
.
(initial)
Pen Co,
(quar,)____*__*
(quar.)**
Per
of Rec.
50c
American
9-
(quar,)--*-.;
preferred
(W.
American Stove
Holder*
Payable
8-31
Refining Co. com.**..
Foundries
8-15
10c
Thermostat, preferred (quar.)—
common
Steel
8-15
10-
Rheem Manufacturing Co, (quar.)——
Rice-Stix Dry Goods Co., common——
:
Risdon Manufacturing Co.*,
———-
(Jacob)
1
2%c
Motors, Inc._**_—*_*_*****—
Reynolds (R. J.) Tobacco—
3.60%
preferred
(initial)*—;———
Robertshaw
1
9-
87%
Reo
Ruppert
9-
40c
Engineering Co., com.—
-k-i.-:-.:
(quar.)
American
$1.50
Corp.
Electric
Preferred
8-24
37 %c
(quar,)
(quar.)_**__—*—*t*j.
Radio Corp. of America, $3.50 pfd. (quar.)*
Rand's (Pittsburgh), common**—
—.—•—
8% preferred (quar.)——.
Rath Packing Co._—*****__——.___——:*•—
Ray-O-Vac Co. (quar.)—.——**.,*——_**v',
Reliance
5
When
Share
*
'
Public
Bank
9-
25c
Potash
r
American Smelting &
25c
•
7-21
30c
Pig'n Whistle Corp., $1.20 partie. pfd. (accum.)
^Pittsburgh Equipment Meter {quar.)***——.* i;
8-1
Per
■
,
Name of Company
ol Reo.
20c
713
$1.50
7 fn-
$1.31
8-15
8-11
THE COMMERCIAL & FINANCIAL CHRONICLE
714
Eaton
Payable
Products,
Per
Name of Company
of Reo.
9-
8-14
J25C
Ltd. (quar.)—
(quar.)__—
conv. pfd
preferred———
Steel
HoUlen
When
Per
Share
Name of Company
Eastern
1
Hilo
Electric
8-
8-25
Hires
convertible
i— 461/lOc
$3
Electric Hose & Rubber Co.^*—c—
___
Corporation ——
Elgin National Watch Co
Elliott Co. 5% % preferred
9-
8-
4
9-
1
5
9-17
25c
$1
9-11
25c
9-
8-16*
1
preferred (quar.)
Inc., common
Hormel
1
8-15
6%
8-
4
7-14
Horn
1
9-14
7%
$1.37 Va
10-
1
9-14
6%
non-cum.
$1.50
10-
1
9-14
75c
9-
1
8-15
Extra.
*'
9-
1
8-17
1
11-16
Hudson
10-5
Hudson
6%' preferred
10-
1
9-21
25c
9-
1
8-11
10-
5
1
25c
9-
1
9-
1
3-30
8-16
3c
,—;—
10-
1
9-29
9-18
$1.25
—
12-20
12-13
1
8-15
8-4
8-15
8-11
8-18
7-31*
$1.60
9-
1
8-15
35c
10-
1
9-20
9-10
8-31
—
25c
Grain,/Ltd., 6%% pfd. (accum.)—
Light & Traction $6 pfd. (quar.) —
t$2
Federal
Federal
Insurance
10-
$$1.50
Federal Fire Insurance Co. of Canada
of
Co.
N.
J.
(quar.)
preferred
<
30C
Corp.
(quar.)
Fenton United Cleaning & Dyeing Co.—
Federal-Mogul
7%
$1.75
10-15
15c
(quar.)
9-15
Idaho
A
(quar.)
♦
Class. B
(quar.)
Firestone Tire & Rubber, 4Va%
First
Bank
Stock
First
State
Pawners
15c
—
pfd.
(quar.)
9-
9-
Fort
Pitt
5'i
6%
8-17
4Vi %
preferred
Gair
Gar
1
8-20
30 c
9-29
8-15
8-
8-15
8-
1
13%c
(quar.)
(quar.)
9-15
9-
25c
_
9-15
Refractories
General
Gorham
(H.
W.)
Grace National
Grand
Union
Graton
&
Great
Lakes
Dredge
Great
Lakes
Engineering
Green
Cananea
&
25c
8-15
5V2%
8-1
Gulf
Oil
"
8-
1
Hale
Brothers
Hallicrafters
Stores,
Hamilton
Hamilton
Cotton,
Watch
;; 8-20
8-15
Lamson & Sessions
1
8-10
9-
1
8-25
(M.
6%
(quar.)
preferred (quar.)
Lansing
Company
7
Lanston
Monotype
9-10
:
99-
4
Co.
Co.
AV4%
—
preferred
class
B
9-25
10-
1
9-
7
10-
1
9-
7
Hinwatha Oil A? Gas 5%
Spencer,
9-15
8-31
1
8-15
9-
9-1
8-15
8-15
8-
1
8-31
8-
3
9-
1
8-10
9-15
8-31
9-15
8-31
9-
1
7-20
8-15
8-
1
9-13
9-
1
9-
1
8-15
9-
1
8-10
pfd. A
Bartlett
&
__
10- 6
10-15
9-28
.
25c
$1.25
.
9-
1
8-15
8-15
7-20
8-25
8-15*
10-
1
$1,298
$1.50
9-14*
Le
Leath &
Co.,
&
Fink
Savers
Class
Quarterly
Light
Link-Belt
Co.
A
B
Lock Joint Pipe
8%
preferred
50c
9-29
9-19
9-15
8-28
25c
9-
1
8-17
Common
$1
9-
1
8-17
1
8-17
9-10
8-31
Lord
1
8-21
&
Taylor,
1st
Louisiana
Land
8-13
8-
8-21
Common
9-28
9-18
5%
10-26
10-16
6
Louisville
Co.—
^
_
common
preferred
&
:
4Vi%
$1.75
Lead
Co.,
7%
preferred
6%
(quar.)
8-15
8-15
National
8-31
8-20
v
(quar.)
Linen
$5
preferred
$7
preferred
9
9
10-
1
1
9-15
9-14
8-31
National
National Securities
7-16
$1.50
10c
8-
1
10-
1
50c
9-1
8-
1
9-
1
8-10
9-
1
8-10
preferred
Stock
4V4%
National
Machinery
stock
series
Tea
./
Tool
Co..
Power
:
Co.
6%
8-15
New
25c
9-1
8-15
New York
Dock
$5
$1.12Va
11-/1
10-15
York
State
Electric
9-
1
8-17
1
8-
8*
9-
1
8-
8*
10-
&
St.
New
Bedford
York
Rayon
Air
Brake
Corp.
Co.
class
A
8-15
7-31
8-15
7-31
9-
8-17
preferred
8-
3
8-
7.
:.
9-10
8-20
9-1
8-15
9-1
8-13.
j
8-10.
i
$1.25
1
11-
1
$50c
$1.12 Va
pfd. (quar.)____
9-1*
Noranda
Mines,
9-13
8-10
9-
$25C
Mills
880
7.
3
8-10
1
$1.25
Nonquitt
______
;
,
Ltd.
8-31'
9-15
9-.1
10-
1
8-15
8-1
8-15
,8- 1-
8-17
7-31
t$l
9-14
8-15
$2.50
$6 1st preferred B
(quar.)
30c
til
(auar.)
—
|
9-0
50C
North
1st preferred A
|
10-15
9-10
12 Vac
(interim)____________
Norfolk & Western Railway Co., com. (quar.)
American Car Corp., common (quar.)
tl
8-13.
50c
■
$6
9-
8-
9-
8-20
$1.27 Va
(quar.)
8-17
8-1 5
9-15
8-1.
50c
(quar.),
9-17
8-15
8-15
'8-31
50c
8-17
$4
1
9-15
/' ;
1
$2.50
9-
8-15
8-H
50c
1
Louis Ry.—
1
$1.50
9-10
Wire
9-
■'
——
preferred
8-2.
8-13
50C
(resumed)
&. Gas Cor^.—
Niagara Lower Arch Bridge
Niagara Share CoyD. 4'/*%
1
8-15
8-27
20c
(quar.)^
Common
Niagara
s
7.
75c
•
9-
(quar.)
9-
25c
(irreg.)
preferred (quar.)
r_——
Newberry (J. J.) Co.. ,5% pfd. A (quar.)
Newport News Shipbuilding & Dry Dockconvertible
9-21
*
7-31
25C
$2
5.10%
$5
8-15
—
Weaving, Ltd. (quar.)
Nineteen Hundred Corp, class A (quar.)—+
Class B
(quar.)———
9-15
7-3L
7-31.
8-15
$1.75
—
9-21
(s-a)
(s-a)
Nashville RR.
—
10-
(quar.)
8-15.
8-15.
$1.50
New England Water Light & Power Assn.—
New Jersey Zinc Co.——
8-10
—
1
10c
—
Insurance Co
8-31
;
7-31.
$1.50
(resumed)
Union Fire
Nebraska
f
7-31
9-15.
15c
9-1
9-19
1
15C
New
8-31
8-15
10-
8-27.
8-15
53 Vic
——
3
12-22
8-15
9-10,
10-15.
1
—
4
1
1
9-
^
Co._a——
preferred (initial quar.)
8-
1-2-46
9-15
9-
—
8-
•
9-29
11-
& Research—
series
0-1
20C
8-18,
1
16C
Co———
8-20
10-26
8-20;
9-
$1.25
—
50c
1
8-10* *
9-10
25c
—
pfd. (quar.)
v7% preferred (quar.)__^__
Neisner Bros., Inc. (quar.)_
Neptune Meter 8% preferred (quar.)
Nestle-Le Mur $2 pfd. A (accum.)
New Amsterdam Casualty (N. Y.)
11-
1
$2.50
(s-a)
(s-a)
Rubber
National
1
11-
8-
$3.50
Paper & Type
Preferred
1
8-25
5c
25c
(quar.)—
common
.
25c
5%
8-11
.
8-10*
12V2c
9-15
10-
National
8-15,
$ $1.75
—_—
(s-a)_
8-
9-28.
v:-,-:
Service,
(s-a)
8-14*
8-15
9-10
$1.12 Va
(quar.)
u
—
8-31
.
8-15
9-10
35c
B (quar.)——
Liberty Insurance (s-a)
Extra
12-21
8-10
10-15
$1.06
(quar.)
common
A
8-
——
(quar.)
./;
—
preferred
1
.
8-11
20c
25C
National
9-
1
20c
(quar.)
Gypsum Co. $4.5Q pfd.
5
v.
87'/2C
—
8-25
—
(quar.)_
Exploration
Henderson
&
V
Register
Corp. (Del.)
Cylinder Gas Co., com.
National
preferred
Louisville
/
—
8-29
(monthly)
(monthly)
Lone Star Gas Co. (quar.)
6%
7%
8- 4
8-15
9-
.,
87»^C
common
National
9-29
(quar.)—
8
15c
■
15c
(quar.)
(quar.)
9-22
8-31
pfd.
8-
(resumed)
9-
(quar.)___
6
8-22
50c
preferred fquar.)_.
Candy 7% 1st preferred—
2nd preferred
7%
9-14
-
Co., 8%
7,
8-
8
9-15
;
;
4
9-
;•://- $1
20C
—
8-
8-15
—
$2.50
——
12-20
8-17
9-17
7
11-15
30c
—
12-28
50c
.
Paper Co._
(quar.)
15c
—
9-20
9-
National
,
9-28
250
-■
National
of Texas—
Common
9-
$1.50
$1.50
1
75c
(quar.)_.
25c
/ ;
-
8-15
(quar.)
Class
,
preferred
(quar.)
Dairy Products Corp..
9-10
*■
•
8-15
$1.50
(quar.)
Container
25c
*
11-
Cash
8-
<
8-13
60c
-
1
National
8-15
1
1
National
8-15
8-21
■■■:
9-
National
0
8-6
75c;
.
12-,
3
12-31
.
,
9-1
10-15
3
11-
.
11-10
$2
50c
15c
8-
10-
8-13"
30c
8-28
5
8-18'
(quar.)
8-
;v 9-
7-26
8-11
,
;
preferred
preferred
1
9-15
9-24
"
pfd. (quar.)-
Fibres, com.
Biscuit Co.,
1
75c
Groceterias, Inc. (quar.)————.
Loblaw/Groceterias Co., Ltd.—
Class
convertible
1
25c
(quar.)_
(quar.)
7-25
1
7-31
—
preferred
(s-a)
——
Lionel Corp.
(quar.)—
Liquid Carbonic Corp., com.
(quar.)
4%% preferred A (quar.)—.
7-25
convertible
9-
/
8-31
'
6%
6%
*
National
1
; '
$5
i-~3
Automotive
9-
$1.75
—
8-15
8-
2
f
8-15
25c
r
of America—
Company
10-
10c
——
8-15
Acme
.
8-10
V
20c
———
Linen Service Corp.
9-15
8-15
35c
Chemical—
&:
Lindsay
"/
$1.73
Coated
&
National
10-15
$2c
common
1
$1.50
•
National
8-10
.v
1
8-20
62 Vic
(quar.)—
B
10-
$1.73
Mills
1
(quar.)
Lincoln National Life Insurance Co
8-31
$1.75
/
8-13
Corporation
Nashua Gummed
8-10
8-31
Nachman
9-
(irreg.)
& Myers Tobacco,
Liggett
8-15
12 Vic
:
9-
—■—.
(quar.)
Corp.
1
11-
25%
$1
9-
6%
Nashawena
9-15
10- 1
$3
dividend)
(stock
8-31
1
:
(quar.)
(quar.)
25C
(quar.)—
Lexington Water Co., 7% pfd. (quar.)
Libby-Owens-Ford Glass
Liberty Aircraft Products-—
:—
Life & Casualty Insurance Co. of Tennessee—
Life
9-
.; 50c
Chemical Co.
preferred
preferred
National
—
Ltd
Tailors
Custom
Leonard
8-31
(quar.)
1
9-1
.
-"6%
$1
Mines.
Gold
Leitch
1
10-
;
—
(quar.)—
Co. 6%
preferred
$1
—
Corp.
10-
8-15
;
(quar.)_
(quar.)
A
25c
(quar.)
Products
t$1.75
8-15
8-1
:
25c
—
com.
10-.I
8-31,
?
Machine
&
Corp.
$1.12 Vi
Inc;,
common—
preferred
$2.50
75C
31c
Muskogee
9-15
9-15
25c-
(quar.)
preferred
$4.50
Lehn
G.),
(R.
Tourneau
8-15
—
class
Mutual
'
7-31;
8-20
■
$2
(Va.)—
Insurance Corp.
preferred
(s-a)
Lawyers Title
X
t$1.75
Water Works Co., 8%
Munsingwear, Inc.
Murphy (G. C.) Co. (quar.)
Muskegon Motor Specialties—
7-31
9-25
25C
Loblaw
8-20
$1.25
(irreg.)
;
(Monthly)
10-20
$1
(quar.)
Heywood-Wakefield Co. common
5% preferred B (quar.)
i
1
50 c
—
(Monthly)
(Monthly)
10-
50c
_—
__
Hibbard.
8-15
$1.75
—
preferred—
Hercules Powder Co.. 6% pfd. (quar.).
Hershey Chocolate Corp., common (quar.)
$4 convertible preferred (quar,)—
Hershey Creamery Co, (quar.)
Hewitt Rubber Co.
(quar.)
Hevden Chemical Corp., common (quar,)—_
4%
preferred class A (quar.)
4%
1
$1.50
_
$2
—_
&
9-
250
preferred (quar.)
preferred (quar,)
Havana Elec. & Util., 6%
1st pfd. (accum.)
Hawaiian Pineapple Co., Ltd., (irreg.)
Hazel-Atlas
Glass
Co.
(quar.)..
Hecht
34% C
Drill
$5c
Machine—-:
i
$1.06 V4
Harrisburg Gas 7%
Hart-Carter
'
$30o
(quar.)
9-15
0-13
(quar.)
Muncie
9-20
2'/2C
11-10
/
75c
$55'/2C
(quar.)___
Finance
30c
7-30
75c
__
4c
1
8-20
10-
1
9-15
preferred (quar.)
;
8-10
8-24
$1.50
11-10
1
12-
: / $$1
.
'
7-30
8-15
10O
$1
(quar.)
Co.
(quar.)
& Dye Works—
Common
Lane-Wells
preferred
Twist
•
7-31
10c
(quar.)
common
8-15
3
35c
■_
8-15
■,
8-
10c
„—
(s-a) —
Lanett-Bleachery
$1.50
(quar.)
$4.25
Harbison-Walker Refractories Co.—
Common
Co.,
11-10
$$1.75
(quar.)
common
Mulllns Manufactured Corp.—
$7 preferred (quar.)—.
2
8-16
•>
12-
$2
Quarterly
1
62 VaC
0-21
57cv
A.)
..
(increased)
8-
15c
_
(quar.)
(Interim)
8-20
t5c
pfd.
Co., common
preferred (quar.)
Hanna
Machine
B
$$1.75
common
$2.25
<s-a)
Ltd.,
Mount Diablo Oil Mining & Development Co.-
7-31
25c
———
8-15
25c
;
8-
8-28
5c
(irreg.)
9-1
$22 Vic
preferred (initial)
6% preferred (quar.)
Hammond Instrument 6%
8-20
$5c
;
(quar.)
preferred
$2.50
7%
Motor
1
$1.50
9-10
10c
,.4%-
8-
.
7%
Landis
preferred
Morse
5
12-
95c
Lake of the Woods Milling, common (quar.)_
9-1
1
(s-a)
Extra
$1.75
Champagne
&
9-15
9-
h
9- 5
8-15
(irreg.)
com.
Bank of Brooklyn
Natl.
9-15
$1.10
common
9-15
J5c
—
preferred (quar.)—Lamaque Gold Mines, Ltd-.
25C
Ltd
Co..
150
C
Cottons,
-
(quar.)
(quar.)
(quar.)_
l
8-10'
1
12-
9-1V
;>9-
Morrison Cafeterias Consolladted, Inc.—
6
87 ViC
preferred
Wines
Salle
9-15
$1.25
(quar.)
8-
12-15
f
.1.
Kysor Heater Co.
6%
,
(quar.)
8-15
5c
8c
15c
-
(quar.)_'
8-31
400
9-1
8-15
7%
8-21
50C
25c
Inc.
Company
9-15
,
8
9-12
La
62 V2c
Hallnor Mines. Ltd.
8-
15c
(quar.)
25C
»
—
8-25
1
8-17
37 Vic
w..
(resumed)—
30C
Hajoca Corp.
9-
$4 preferred
t
(interim)
$1.75
(quar.)
(s-a)
States"utillties"coT_$4.40 pfdr~(qVan)
7-25
8-15
25c
Lafayette
$3
(quar.)—
8-10
8-15
7-16
'
11-10
8-25
8-14
25c
-
Copper
Corporation
1
1
15c
8-15
25c
Gulf
7% preferred (quar.)__
Moody's Investors Service, Inc.—
$3 participating preference (quar.)
Moore Corp., Ltd., common (quar.)———
7 % preferred A (quar.)
9-
12-
preferred (quar.)
Kresge (S. S.) Co. (quar.)
9-12
preferred B
Montreal
A
2nd preferred
8-15
$4.50
9-15
?
Co., common--.
1st
9-
$2.25
10-15
50c
—
7%
50c
(s-a)_———
A
8-15
1;
6%
preferred
9-24
1
Kroger Grocery & Baking Co.,
9-15
—
1
9-
1
7-17
10-1
$1.20
9-14'
10-1
$$1.25
10-15
9-
8-15
$$1.75,
(Springfield, Mass.) (s-a)
Chemical Co., common
(quar.)
$4.50
>
9-
50c
preferred (quar.)
Griggs Cooper & Co., 5% preferred (quar.)
Monsanto
9-
1
'
convertible
8-15
9-
1
8-15
Griesedieck Western Brewery Co.—
,
1
50c
Ltd.—
Monarch Life Ins,
10c
60c
37VaC
,
:
Works
8-20
90C
.
5C
(quar.)
8-16
1
$1.25;
Dock
1
9-
6
1
9-
5%
$1.25
Carpet Mills, Inc.—.
Knitting Co.,
preferred
preferred
7%
$1
25c
(quar,)
preferred
Mohawk
$1.62 Va
(quar.)
common
Monarch
4
7-16
10-
Co
(accum.)
35c
...
6
(S. H.)
Co.,
9-12
37 Vic
pref.
—
Utilities
8-22*
1
8-16
i
——
conv.
Rubber
8-
9-10
9-
5%
10-
8-
$$1
'
preferred
$1.50
$1.75
common—
$2
Company
Missouri
7-31
9-31'
Corp.
,
10-
8-
'
(initial)
(s-a)
7
$1.25
Knickerbocker Fund
5
9-
9-24
Hone .Corp,,
Reclaiming $4 pfd. (quar.)
Minneapolis-Moline Power Implement Co.—
$6.50 preferred, (accum.)—
Minneapolis & St. Louis Railway Co.
1_
1
$1.25
6
9-
$1.31 Vt
$3.25 partic. pfd. (quar.)
Edison 3.90% pfd. (quar.) —
Oil
Midwest
8
a?
(quar.)__
6
9-27
$1.12 V2
(quar.)
preferred——
Midvale
8-14
1
9-
(quar.)
5
50C
common
Insurance
9-1
$1.25
9-
20c
98-
9-10
$1.50
5%
Midland
rJ.
8-
35c
Fire
$1.62 Vi
>\f
8-15'
9-1
30c
Micromatic
8-20
30c
9-5
$1.50
$20c
Co._
Knight 7%
Eastern
.8-15
.
9-15
1
25C
Co.,. common,
preferred
$75o
Keystone Custodian Funds Ser. K-l
v
_
Great
1
25C
9- 5
8-
&
5(4%
8-20
9-
,
.9-15
8-15
$1.50
'
8-
f
•
(New York)
1
Kress
-
Co
Bank
1
9-
(quar.)
Lake
$1
Manufacturing Co;" (quar.)
Gossard
8
9-
12'/2c
;
Inc.
9-15
—
Goodall-Sanford
(quar.)
Goodyear Tire & Rubber,
( '$5 preferred (quar.)
9-
$15c
Battery Co.,
Extra
$3.50
pfd.—_
J:4Vs%. preferred (quar.)_
7-31
7Va%
(quar.)
Knudsen Creamery
6%
——
$37 Vic
.
■
11-1
Merck
6"
Metropolitan
.
Kerr
8-15
25c
i
;
Storage
Metal Textile Corp.
$1
7-31
8-15
(s-a)
com.
r__
Cold
&
75c
Merritt Chapman & Scott Corp.—
6'/2%
preferred A (quar.)
50c
8-15
11-15
(s-a)
8-14
$50c
Addison Gold
$1.50
50c
$1.75
8-14;
25C
Ltd.
preferred
Ice
25o
(quar.)_—
common
9-29
/
(quar.)____——
Mines,
7%
Merchants
Ltd.—
Mines
Co.,
(quar.)_—_—;
9-29
/.
Kerr
11-10
11-25
?
Stores
preferred
tlOc
$1
4
,11-10
"
W.
30c
25o
—
8-2*
(quar.)
common
30c
u___
8-
,
Stores,
15C
Co., Inc. (quar.)_;
Acceptance Corp. of California—
(quar.)
7-25-
Co
Steel,
Frank
8-20
___
common
$1.50
$1.37V2
—
37 Vic
9-1
Corp.
preferred A
preferred B
5%
:
1
30c
Laughlin
&
5%
8-
20c
$55V2C;
(quar.
8-20
(irreg.)
8-15
-
—
;
$1
25c
7-27
35c
(Montreal)
(quar.)
9-20
:"
15c
Merchants Fire Assurance Corp.,
V
Extra
12-20
40c
8-15
pfd. (quar.)
_
Co.
9-29
43 %c
—
—
c
43 %C
(quar.)—
preferred (quar.)
1st preferred (quar.)
1st preferred (quar.)
7%
12-30
8-15
93%
preferred
Mercantile
'
25c
Gilchrist Company
Brewing
4
250
25C
General Steel Wares, Ltd., common (interim)
Fire & Marine Insurance (s-a)__
Goebel
1
40C
8-
7-24
$1.50
(accum.)
8-
8-
.
,
37 Vie
_
.
8-15
8-15
5c
Kingsbury
Breweries Co
Kinney (G. R.) $5 prior pfd. (accum.)
Klein (D. Emil) Co., Inc. (quar.)
Gibralter
Godfrey Realty Corp;
Co.
Telephone
&
6%
6%
,5%
$1.25
50C
Steel Castings Corp,— *
$6 preferred
8-11
25c
8-15
7-24
11-25
30C
15c
8-30
8-30
40c
_
class A
Co..
1
52VaC
8-15
i
.s
25C
—
preferred (quar.)__
cum. partic. class A—
General
9-
Meier
5%
40c
—
General Outdoor Advertising 6%
$4
$1.75
Ino. (quar.)_—
Kalamazoo Vegetable Parchment Co.—
Common (quar.)
—
Common (quar.)
;
—
Kearney & Trecker
Kentucky Utilities 7% Junior pfd. (quar.)
7V2 %
pfd. A (s-a)_— -
(quar.)
(quar.)
preferred (quar.)
6%
8-11
Copper
Utilities
preferred
Jones
1
8-14
1
9-
10%
preferred
"7%
$1.50
1
Co
Mines
;/;..:'v 3%
Knitting Mills—
Jantzen
K.
$1.50 preferred
v
8-17
9-
$1.25
Ltd
Holdings,
Gas
$1.06 »/4
common..-
$6 preferred Class A' (quar.)____^„_^
$5.50
preferred class
B
(quar.)
Mercantile
Jersey Insurance Co. of New York (s-a)
Johnson & Johnson (s-a)
.____
8-14
$1.75
common
and
common
on
8-10
1
Publishing
Corp.,
Meadvllle
9-
$1.50
___
shares
Foundation,
Jacksonville
9-15
1
10-
50C
Extra
*
7
8-
Hill
Mclntyre Porcupine
25C
:•
Co./(quar.)————.
Co. 4V4 % pfd. (quar.)—
&
Bonding & Insurance (quar.)
Department Stores/ common—
Mead
9-10
37 V2 C
,__
.
convertible prefererd (quar.)
Iron Fireman Mfg. Co. (quar.)
4
'
$1
1
9-
9-12*
25c
Shirt
Field
preferred
(quar.)————
McClatchy Newspapers, 7'7c. pfd. (quar.)
7% preferred (quar.)
8-10
9-10
-
10c
6%
8-20
1
(s-a)
Corp.,
;}50C
is
Department
Investment
-
■
preferred B (s-a).
Foods Corp.
(quar.)
Industries Co. (irreg.)
Corp.
Marshall
7-24
8-15
5%
_—
Textbook
Interstate
8-14
1
1
(final)
5%
Manhattan
1
McGraw
Quarterly
General
Phoenix
9-
9-
General
General
8-11
8-20
,
(quar.)
Corp.,'
Intertype Corporation (quar.)
1
8-
8-15
10-
,
Metals
1
Products
Bond
International
8-20
1
9-
$2
common
General Finance Corp.
(s-a)
Silver
5%
registered
General
9-
$1.75
7% preferred (quar.)
General Electric Co., Ltd.—
6%
9-
9-10
8- 3
.
-
International
8-15
10c
•
preferred (quar.)
General Bottlers, Inc.—
'55c convertible preferred
Co.,
1
9-
$1,121/2
8%
Ordinary
8-15
_
Consolidated
International
1
50c
Industries
Cigar
9-
40c
(quar.)
common
Baking Co.—*
General
$1
9-15
$2.75
6% preferred (quar.)——.—
Company
(quar.)—
Wood
General
1
Internat'l Business Machcines Corp. (quar.)_
International Harvester Co. 7% pfd. (quar.)
8-29
Co.—
(Robert)
Gamewell
9-
45c
(quar.)___
preferred (accum.)
International
(quar.) _—
7% preferred—
Fuller Brush Co.,
42VaC
9-1
90c
(quar.)
Co
and
Stock
11-20
5c
Co.,
Trailer
Steel
Inspiration
8-20
1
9-12
25c
(quar.)
Co.
'
1
•y
__
Freeport Sulphur
Fruehauf
-
912-
15c
(quar.)
Works__
Kleiser
May
preferred
Inland
8-21
1
J7V2C
Bridge
&
7-28
8-15
/;■'
Co., common
(quar.)——
Industrial Silica Corp., 6Va% pfd (accum.)_
Ingersoll-Rand Co.
/
9-19 vy
9-
Steel
Indiana
8-15
1
17 Vic
Fort Wayne & Jackson RR.
5Va %
preferred (s-a)—
Foster
/ 8-15
$1.25
Institutional Securities, Ltd.—
common——
preferred
$4
>
Co.,
87 Ya C
______
9-10
25C
preferred (quar.)
preferred (quar,)
7%
Massachusetts
8%c
Imperial Tobacco of Great Britain &
Ireland Amer. dep. rets, (interim)
Imperial Var. & Colour, Ltd. com. (quar.)
$1.50 conv. partic. pfd. (quar.) _________
Fitzsimmons Stores, Ltd.—
7%
7-28
<
;.
,
Co
preferred
25C
Corp.—
8-15
common
5%
25c
50c
preferred (quar.)
partic. preferred (quar.)__
Co.
Zinc
Square Garden
'
(quar.)—_—
common
$1.50
_________
9-29
40c
$1.75
(quar.)
Quarterly
*
Madison
''; '25c
(quar.).
Company,
500
;v
—
$3.75
Refining Co.
Power
6%
Fitzsimmons & Connell Dredge & Dock Co.—
Flintkote
11-21
$1.62 Va
—
9-
(quar.)_____
Imperial Tobacco Co. of Canada, Ltd.—
Common (quar.)
5
9-
Power
Illinois
10-10
9-15
$1.12'/a
Corp
Society
&
Illinois
Finance Co. of America at BaltimoreClass
1
Macmillan
Co.—
5%
preferred (quar.)___
Hytron Radio & Electron
9-13
(s-a)_
preferred
$1.50
Electric
12-
8-21
1
$1.621/2
—i.;
(quar.).——
0-27
.
9-17
$1.25
$2.50
Federal,
9-
———
8-29
Huntington Water Co., 6% pfd. (quar.)
7%
preferred (quar.)
Hussman-Ligonier Co.—
$2.25 preferred (initial)
Huston
(Tom) Peanut
(quar.)
Huttig Sash & Door Co.—
5% preferred (quar.)
I
8-15
15C
Farmers & Traders Life Insurance (Syracuse,
Federal
Oil
Corporation
35c
40C
(quar.)__
Hummel-Ross Fibre Corp.—
6% preferred (quar.)
8-11
50C
—
(quar.) —
(quar.)_—
(quar.)—;
(quar.)_
preferred
preferred
(5
C.)
Bay Mining & Smelting
Motor Car
(quar.)
Humble
Fansteel Metallurgical Corp.—
$5
preferred1 (quar.)—.
Lynch
,
common
(s-a)
10-15
25c
—
Falstaff Brewing Corp.,
Company, common
preferred (quar.)i_—
,
Share
$1.06(4
Lighting & Power Co. (quar.)
Hudson Bay Co. (final)
______
12-
30c
—
of Porto Rico
Co.
Sugar
25C
(quar.)
Horn & Hardart Co. (N. Y.)—
5%
preferred (quar.)
10-15
$1.25
(quar.)—.
—
Fajardo
preferred
(A.
'
Mackintosh-Hemphill
non-cumulative
(quar.)
& Co.
6Vg%
6V2%
8-15
25C
common
(quar.)___
(George A.) Co., common
9-
10c
Fairbanks. Morse
Lunkenheimer
8-15
37V2C
(quar.)
preferred
10-
(quar.)
preferred
5
1
1
.— —
Electrochemical,
50%
$1.25
$1.25
preferred
5%
12-
99-
-•'/
Name of Company
5
30c
>
$1.25
(quar.)
6%
i
;
Houston
Eversharp,
5%
class A
$4.25
Railroad Co.—
Erie
Co.
class A
Hooker
9-30
E.)
Manufacturing Co., class A
(Henry) & Co., Inc.—
$1
8-13
60c
■
com.
(Charles
Holt
8-15
321/lOc
-
(quar.)__—
Ely & Walker Dry Goods (quar.)
Empire District Electric, 5% pfd. (quar.) —
Empire Steel (stock dividend)
Engineers Public Service $5 pfd. (quar.) —
$5.50 preferred
(quar.)—
—
$6 preferred (quar.)
Equity Corp. $3 preferred (accum.)
Gas Co.,
Natural
Paso
8-25
25c;
Electrolux
-
(quar.f--
Hobart
El
9-
9-15
12-15 ;
30c
8-24
8-24
5%
•
Per
of Rec,
Payable
30c
6
48 %c
"
HolAeit
When
Share
common
•
75o
Manufacturing Co.
Edison Brothers Stores 5%
.
Light,
Monday, August 13,1945
Kf)
$1.50 :
1
■'{
1
8-15
J
8-30
V
i
o-nri
j
10- 1
9-20-
9-10
9-10
in-
.
•
•
"''I.-,
Name of Company
Public Service Co.
Stocks, Inc.—
Agricultural
^v-
Extra
7c
—
.—
Alcohol & Dist. Industry Series:.—
Automobile Industry Series__i—'
Aviatibn Industry Series—
>
(
Bank
Stock
Series
Industry
f
Insurance
Machinery
Stock
3
Series
8- 3
8-
3
3
77o
8-25
8-
3
5c
8-25
8-
3,
8-25
8-
3 i
8-25
8-
7c
Merchandising
Extra
Metals
Oil
.
8-
3
Series
Series
Utility
Series
8-25
8-
3
8-
3
8-25
8-
3
Puget Sound Power *& Light Co
Pullman, Inc.
Punta Alegre Sugar Corp. (initial)
8-25
8-
3
Pure
8-25
8-
3
8-25
8-
3
Oil
5 %
8-25
8-
8-
3
8-25
8-
Co.,
convertible
preferred
3 1
Railroad
Equip. Industry
Industry Series
Tobacco Industry Series
j
Diversified
Investment
Diversified
•
.
Speculative
—
8-25
8-
3
Rapid Electrotype Co., common
Raytheon Manufacturing Co.—
6%
preferred (quar.)
8-25
8-
3
8-
3
8-25
8-
3
8-25
8-
3
8-25
8-
3
Reed
shares
100
every
6%
held
River
Insurance
Northern Insurance
Extra
y
10-
71 %c
—
9-10
8-24
8-17
8-
6
8-17
8-
6
60C
9-10
8-
6
9-
——
Water Co.
$2 pfd. (s-a)_—
$4 preferred (quar.)
K
Northwestern Pub. Service 6% pfd. (quar.)
7%
preferred (quar.)—
Nor'western States Portland Cement
7%
preferred
Norwich
1
8-15
1
8-15
1
8-20
1
8-20'
1
9-21
8-29
8-14
Nova
40c
10-
25c
.
87VZC
—
9-29
9-10
O'Connor Moffatt & Co;
0-1
Power
Oklahoma
4^4%
Olin
Co.
preferred A
Industries
7%
Otis
*•
Elevator
Car
Outboard
(quar.)
—:
(quar.)
Pacific
Gas.&
5
Insurance
Co.
Electric
6%
shares
8-24
8-
8-1
-Common
Telephone
Co.,
8-15
class
<
9-
class
A
8-31
9-
1
9-
$$1.75
!
.
10c
(quar.)
8
7-26
1-2-46
4-1-46
8-
4
11-15
11-
5
2-15-46
2-
$75c
8-16
9-15
y :
___——
$1
10-
1
1
40c
10-1
$1
10-15
8
25c
^
y
...
8-21
8-14
7-24
9-10
40c
:
,
(quar.).———...
5%
preferred (s-a)______..
y_—.
$6 preferred - (quav.)
'
Philadelphia Electric Co., common.
;
; / $1 preference common
(quar.)————
8-10
9-1
25c
(quar.)_——_
8-20
$1.50
Corp
preferred
Brewing, Co.—
Phelps-Dodge Corp.-—
Philadelphia Co. $5 pfd.
$1.25
'
10-
10-
$1.50
30c
25c
10r
9-
1
1
25c
8-15
8-
9-1
8-11
1
8-11
1
Philadelphia Transportation Co.—
Participating preferred
(s-a)__
Phillips
Petroleum
Co.
50c
Inc.
Common
(s-a)
Rleasant
preferred
5 Va % " preferred
Power
1
108-
1
CO.—
/ •!
75c
10-
1
9-15
$1.25
9-
1
8-21*
$1.37 y2
9-
1
8-17
8-28
8-15
10c
8-31
7-31
(quar.)
—.—
20c
9-
1 *
8-15
; 37'/2c
9-
1
8-15
!
1
(quar.)
$1.50
—
9-
$1.37y2
—I—
:
1
8-15
9- 1
8-15
Corp. of Canada, Ltd,—
6%
$$1.50
10-15
9-20
6%
! $75c
10-15
9-20
1st preferred (quar,)_—participating preferred (quar.)—.—
Pratt Food Co. (increased)-.
1—_.l 1—Pressed Steel Car Co., Inc., com: (quar.)..
-
.
5%
1st
'5%
2nd
Princess
Procter
preferred
Proprietary
Provincial.
Gamble
Mines,
5%
.
5%
6%
-
!
6%"
»
.
7%
7%
—_
Ltd.
Transport
Public Service-Co",
1
25c.
621/aC
(quar.)
pfd. (initial quar.)—
Co.
(quar.)
15C
——
(interim)—
Co.. (s-a)
,
.
50c
$5c
T_
9-1
10-
$20c
.
1
10-
1
8-15
8-15
9-
5
1
7-26*
,
8-13
8-
4
7-30
preferred
412/3C
—
—
9-
1
41%C
10-
1
50c
—
9-
1
8-15
>
9-10
9-30
75c
$ 10c
9-
1
8-
1
9-
1
8-
1
75c.
9-15
20c
9-
9-
1
~
8-25
9-14
8-16
8-15
7-31
75c
75c
8-15
$1
9-
15C
common
9-
9-
62yac
1
1
Co._____!
8-15
8-24
8-27
8-
15c
;
9-15
1
8-16
9-
1
8-16
(quar.)
J38c
$1.75
$75c
preferred
S. Rubber
8%
States
Steel
preferred
Laboratories
Pacific
B
A
8-31
Van Dorn
6%
convertible
$4 preferred
Stamford Water
9-12
9-
9-17
8-27*
9-15
8-15
9-20
3
8-15
9-
1
8-15
IOC
8-20
7-31
preferred
&
8-18
$1.12'/a
9-15
•
•
'
50c
8-
30c /
9-15
8-15
9-15
9-
4
1
!
1
preferred
9-
1
7-31
40c
9-
1
8-15
9-10
8-10
9-10
9-15
8-31
9-
4
71C
9-
4
(interim)—
31'Ac
10-
10c
8-15
50c
8-15
Stanley Works,
9-15
1
9-
1
8-
4
n-10
$1
9-10
9-
31'Ac
8-15
8- I
1
Stecher-Traung Lithograph Corp.—
5%
10-
1 >
preferred (quar.)—
50c
9-15
5%
preferred
58y3c
9-
1
8-15
Stein
59MJC
10-
1
9-15
(A,)
&
(quar.)
!J_____
$1.25
(increased)
Sterling Drug, Inc. new
com.
30c
_______________
(initial quar.)
9-29
< 9-15
12-29
.
$1.25
12-15
8-15
40O
9- 1
7-31
8-13
"
8-21
8-15
9-10
50c
t20c
9-20
9-10
8-10
9-12
8-15
t$l
8-31*
8-15
•
.
9-15
8-10
.
9-15
10-
8- 5
8-10
1
9-15
1-2-46
12-15
9-
8-21
5
9-
1
9-
1
"
8-18
8-15*
$9
8-31
22V2c
8-31
8-15
12-1
11-15
9-
12-
8-15
1
8-15
1'
11-15
8-15
8-11
9-
1
8-15
9-
1
25c
8-
1
i
M.
'
$i
43%c
'quar.)
8-15
8-15
9- 1
8-15
*
9-
1
8-15
$1.75
common
—
(quar.)_
(quar.)___—
1,
preferred
7-17
$1.12V2
•;'*
8-15
8--1
75c
8-15
8-1
11-15
11-;1
75c
$1.25
$1.25
—$1.25
——
(nuar.)
Brake,
7-17
8-15
75c
—
—
preferred A (quar.)—
preferred A (quar.)
—
8-15
$1.50
25c
—
2-3546 2- 1
8-15
/
11-15 '
8-v 1
IK 1
2-15-46 29-15
1
8-15
Westinghouse Electric
Corp.—
(initial)——*—!—————
New
common
New
preferred
Westmoreland,
Weston
Inc.
Electric
Westvaco
(quar.)
Ltd.
(George).
pfd. (quar.)
(quar.)
4%%
Products
Whitaker
(quar.)
Paper Co. (rmar.)——
White (S. S.) Dental Mfg. (quar.)
y-.
;r
K.V
:
8-31
8-
7
8-31
8-
7
$1
9-15
9-
1
25c
Instrument
Chlorine
—
25c
25c
(initial)-——_______
Westmoreland Coal (quar.)———
'
•
t
10-10
$1.25
preferred
Common
Weston
(quar.)
Co.
IV
!!j 8-14
10-20
$$1.75
5%
1
1
(8-13
,
1
50c
Co
5%
9-
9-1
72- 1
1
9-
$1.25
(quar.)—
A
9-
20c
com.—
(quar.)
Air
8-17
5C
Electric, 7%
Westinghouse
1
ioc
Common
5%
9-
$2.50
Western Pacific RR.,
•
8-24
9-20
25c
Pulp & Paper—
preferred (quar.)_
4V2%
7
8-24
$1.75
—
preferred
9->0
12-22
9-
9- 1
t25c
Engineering
Penn
J
1
12-10
$1.75
West Virginia
8-10
25C
(quar.)_
(quar.)
West Michigan Steel
Foundry—
$1.75 preferred (quar.)_
6%
10-
9-10
$1.
(quar.)
(quar.)
Extra
8-20
9-15
25c
60c
Co.—
preferred
preferred
1
40c
,
Wentworth Mfg. Co., $1 conv. pfd.
(quar.)__
Wesson Oil & Snowdrift Co., Inc.—
$4 convertible preferred
(quar.)
8-15
50c
;
(quar.)———
9-
$$1.25
"
—
5%
5%
75c
15c
(s-a)
preferred
West
40c
—
Oil Co. of Ohio, common
preferred ___^y
_____________
.'5%
preferred
__—;
Standard Paving & Materials—
Standard Silica
Standard Stoker
10-15
40c
-
preferred
conv.
1
8-15
$1.12'/a
—
8-30
11-
25c
•Participating
preferred
8-15
9-
1-2-46
$1
Corp
Wellington Fire Insurance
1
Corp.—
Indiana
5%
2
8-
1
9-12
$3
—
,
9-
8-20
8-10
;
$1.75
Washington Railway & Electric Co.,
Participating units
Wellman
9-
7%
Petroleum
9-10
8-20
8-20
■
(quar.)
(quar.)
preferred
7% preferred (quar.)
Warner & Swasey Co.
Warren (S. D.) Co.
:•
5
9-12
$1
V;
(quar.)
Standard Chemical, 5% preferred (quar.)—
Standard Dredging $1.60 pfd. (quar.)
Standard Oil Co. of California (quar.)
of
9-
9-10
8?25
$1.50
(quar.)
Seal
convertible
Oil
9-15
45c
25c
(quar.)
Ltd.
common
Watch,
5%
.
Cap
Waltham
9-15
■
$1.50
(quar.)
Walker (Hiram) G. & W., common
$1 preferred
(quar.)
Warren
—
Co.
4%
'
Standard Brands, Inc., common
$4.50 preferred (quar.)____
Standard
7-20
75c
Spencer Kellogg & Sons (quar.)
Spicer Manufacturing $2 preferred
Spiegel, InG., $4.50 preferred (quar.)-:
Squibb (E. R.) & Sons, common
!—_i
.■!■-: $1.60
Waite
Co.,
preferred
-.
i
1
9-10
50c
8-15
10-11
>9-15
9-10
$1.75
8-15
10-15
—
-
7%
Mines
10-
$2
62y2c
62V2o
Vulcan
Amulet
*
25£
Virginia-Carolina Chemical Corp.-—
6%
participating preferred (accum.)
Virginia Coal & Iron (quar.)_
Vogt Manufacturing Corp. (quar.).
1
1
11-30*
1
81.78
1
9-
8-31*
•
9-
8-20
;
62y2c'
—
9-
*
7
.9-10
12-20
$1
'•
Detinning Co., common
prererred (quar.)
Wagner Electric Corp. (quar.)_
10-15
9-
1
9-20
10-
50c
7-20
25c
9-30
10-
.3
(quar.)
11-15
31'Ac
■/'
6
8-
'
1
9-15
$$1.50
—
;:a-2o
,
Iron Works
Walgreen
i
9-13
8-21
40c
I
8-15
Co.—
Sovereign Investors
!_2
Sparks-Withington Co.—
"l"
7-13
20c
Service
8-15
40c
(quar.)
12-1
35c
Public
9-
10-
50c
(quar.)_
Steel
Co.
Vapor Car Heating Co., Inc.—
1
75 c
(quar.)
8-15
10-10
40c '
(quar.)__
$2.50 pfd. (quar.)__
31V*C
—
9-15
25c
L
35c
(quar.)___—
8-15
50c
common
37 %c
(quar.)__
9-15
9-
10-
50c
37VsC
Co
Co.
7-31
10-
*
1
$2.50
Co.
5% prior preferred
6% prior preferred
8-15
8-15
9-11
9-
50c
class
37 VaC
$20c
1
8-15
$1.75
Corp.,
8-15
~
"•:
7-17
53c
(quar.)
Insurance
1
1
10-
9-10
;
53c
Utica Knitting Co.—
7-14
8-15
1
58y3C
1st preferred
non-cum.
Universal
8-15
9-
3
58y3c
62VaC
8-15
350
1
9-
50c
25c
common
common
8-15
$19c
10-
t$i
(quar.)
Co.,
8-31
.
3
8-
-
A
Quarterly
S. Playing Card Co.
(quar.)
Printing & Lithograph Co.—
8-25
Inc. com—
8-24
8-
:
$1.75
8-31
(Initial)
common
8-14
7-14
y
Ltd.—
Power
30c
Works,
8-14
7-31
&
$1.50
Lathe
9-10
50c
(monthly)
37»/aC
Bend
8-15
25c
—
7% preferred (quar.)
7% preferred (quar.)
Vick Chemical Co. (quar.)
—
conv.
Extra
■
A
non-cum.
Light
Universal
8-13
:$1
8-10
9-
i
,8-10
7%
8-20
25c
•
9-1
25c
9-15
United
8-20
250
—
$1.12Va
8-15
;
1
8-31
7-31
(quar.)—
3c
U.
1
2c
(quar.)
9-14
8-15
50c
S.
5%
8-15
9-
8-10
9-24
shares—-
U.
'
0-
8-15
$1.25
cl.
'
8-31
.
U. S.
7-31
1
4%
1
1
*
U.
7-20
10c
preferred
Electric
4
8-31
<quar.)__
com.
Cos._
preferred
Casualty,
8-30
9-
U. S. Guarantee Co. (quar.)
U. S. Leather Co., 7% prior
preference (quar.)
S. Pipe & Foundry (quar.)
9
9-14
$23c
prior
11-10
"
15c
Illuminating
Light & Railways (Del ),
preferred (monthly)
U. S.
1
8-
1
10-
8-10
8-31
preferred
Investments,
U.
8-31
9-11
25c
$1.12'/a
8-20
;
8-15
10-
1
8-
1
9-
9-15
6% prior preferred (monthly)
United N. J. RR. & Canal (quar.)____^
United
Specialties Co.
8-10
8-1
8-15
37y2c
prior
6%
9-20
,J
$20c
!
Standard Wholesale Phosphate & Acid Wks.
preferred
9-
V 8- 6
8-15
l
$1.12Va
$1.50
prior preferred (monthly)
6.36% prior preferred (monthly)
6.36% prior preferred (monthly)
1
9-15
8-20
3
25c
7%
6
v
30c
$1.25
4(4%
of Colorado—
(monthly)
(monthly)preferred (monthly)
preferred
(monthly!
preferred
(monthly)—!
prefererd (monthly)—.
25c '
■
Coal
non-cum.
7%
Investment
Standard
8-
10-19*
8-
(quar.)—
Vanadium-Alloys
9-10
9-10
10-19*
1
3
8-
5c
Co.
Amer.
7-31
9-10
:
1
11-
8-15
Fuel
United
•
8-22
1
10-
6'Ac
—
preferred
Shops, 6%
&
(quar.)
$2.50
8-31*
11-
8-
8-15
$1.25
4Va%
Co. of
Electric
United
8-21
7
25c
(quar.)
Lines
8-
Standard
,
9-12
3
8-31
9-
:•
preferred
8-15
-Common
1
8-21
8-
8-25
25c
:
.
5%
■'?
25c
6% class A preferred (quar.)
United Grain Growers, Ltd.—
3
8-10
'
9-15
5%
United Engineering & Foundry, com
.(quar.)
7% preferred (quar.)
6
8-
•
(irregj-
preferred
8-13
cum.
Quarterly
Southwestern
8-13
10-15
8•>■
1
9-15
10c
10- 1
13%c
8-15
10c
(quar.)
45c
Railway Co. (quar.)_^
Southwestern Life Insurance (Dallas)—
3
10c
>
Co...
Company class B
i
9,
$1.50 class A (quar.)
Potomac Electric Power Co.—
;
1
8-15
$1
$1.12 y2
Southern
1
8-
$1.00
—
pfd. (accum.)
&
6%
9-
10-
1
'
Valley Wine
Polaris Mining Co.—
Poor
pr.
%
30c
—
-—
Pittsburgh Coke & Chemical $5 pfd.
Pittsburgh Steel Co, 5'/2%
9-
•
__
!.
9-
$50c
(s-a)
(quar.)
Pittsburgh Bessemer & Like Erie RR.
10-22
50c
——
Engf8vers & Electrotypers, Ltd.
Pillsbury Mills, Inc., com. (quar.)—
$4 preferred
(quar.)
;
fcitney-Bowes,
9-
"
"(quar.)
Photo
Oil
Southern
$1.50
:(
;_
.
50c
(quar.)_
Brewery
Corp
Southern Natural Gas
•
—
8-15
9-
8-10
,
35c
50c
preferred
United
12-13
8-16
20C
(increased)
ix Common (quar.)—
6%
participating preferred
Philadelphia Suburban Water Co.—.
(quar.)
i2y2c
preferred (quar.)_—
Southern Canada Power Co., Ltd.—
9-10
20c
12-31
1
9-15
prior
United
1
9-10
22y2c
6%
9-1
9-30
50c
12-20
75C
pfd. (quar.)
9-1;
9-30
12-30
;
ny2c
Southern California Edison
Co., com. (quar.)
■:i;6% preferred B (quar.)____.
Southern California Water, 5%
,8-10
1
9-20
(s-a)—
Common
9-1'
;9-l
;
9-29
17y2C
1
9-
9-
15c
$1.50
5%
preferred
(quar.)
United Corporations, $1.50
8-11
9-
9-15
11-15
Biscuit
1
1
8-
9-15;
25c
United
1
7-30
8-15
25c
8-13
8-10
8-11
8-15'
:
$1.37Va
Air
8-
8-15
10-22
Coal
United
8-25
9-
(quar.)
—
7-11
1
i;
1
preferred
conv.
$5
v
8-15
•
Southam Co., Ltd.
(initial)
Southeastern Greyhound Lines,
8-17
1
9-
$1.50
—
25c
Philadelphia,Electric Power, 8% pfd. (quar.)
Philadelphia Insulated Wire < (s-a)—.
preferred
15c
Co.-
!_
South
8-20
9-
9-15
25c
(quar.)
Strapping,
Aircraft
65c
>0-21
1
9-
8-15
1
99-
11-1
25c
Co., Ltd.—
(interim)
rets
preferred A (quar.)_—
Soundview Pulp Co., common8%
preferred (quar.)_—______—_____
9-15
$1.75
1
8-20
8-15
8-28
25c
Union Bag & Paper Corp
•Union Electric Co. of Missouri—
$1.05
Conv. preferred
(initial quar.)
Solar Manufacturing Corp.—
9-15
10-
'"
9-
10-
1
1
90c
(quar.)________
(quar.)
Tyer Rubber Co., 6% prefeerred (quar.)
8-15
25C
Oil
Corp. of St. Louis
deposit
$4.50
9-11
1
50C
(quar.)
Sivyer Steel Castings Co
,'Skelly Oil Co.___
8-11
$1.25
(quar.)
com.
(Wm.)
Solar
9-1
9-20
9-
9-
'
$1.50
4
8-~l
8-15
10-
10c
Co., common
(quar.)
Twentieth Century-Fox Film
Corp.—
j Common (quar.)
8-15
1
8-20
5c
Truax-Traer
'
$2.50 preferred
9-15
$1.75
8-
9-
9-15
Simon
'
—L
Power,
1
1
8-15
8-15
11-13
$1
Trinity Universal Insurance
Quarterly
8-15
9-15
Sinclair
1010-
1
20c
B
Signode Steel
8-1
$1.25
9-
1
1
62V2c
Company, common—
5¥a%
7-28
9-
(quar.)
Extra
8-15
50c
:.. Class
7-15
Tf-S- 1
1
50c
5
1
1
15c
$6 1st preferred (quar.)
5
9-
!
3-15
25c
Pfeiffer
6%
9-
Manufacturing Corp.__^
Sherwin-Williams, common (quar.)
y;.v:-!> Extra
*
4% prefererd (initial quar.)_
w—
Signal Oil & Gas Co. class A—————
12-15
$1.10
__
-
9-15
10c
Inc.
10-
$1.75
Tokheim Oil Tank & Pump
8-25
50c
Sheller
0-15
35C ;-y>; 8-15
Peoples Drug Stores, Inc.——
Peoples Gas Light & Coke Co.:; (quar.)—_
Perkins Machine &,Gear Co. 7% pfd.. (quar.)
Mulliken
9-10
37'Ac
partic
B.)
8-15
25c
Water Associated
Trane
9-13
$15c
common (quar.)
preferred (quar.)
Bhawinigan Water Power Co._
9-
1
3724
(quar.)
preferred
American
9-15
$$1.50
$4.50
1
9-
40c
Tobacco Securities Trust
10- 1
$1.50
pfd. (quar.)
Secord (Laura) Candy Shops (quar.)
Seeman Brothers, Inc. (quar.)
(R.
8-
6
10- 1'
;;
preferred
—
Southeastern
Title Insurance
7-25
>
International
8-15
12-
Extra
10-15
8-
5 Va %
Tilo Roofing Co., Inc., $1.40 conv.
preferred
Common (quar.)
10-15
8-15
$1.25
Inc.,
1
1
1
750
(quar.)___
Tide
7-25
___
<quar.)_
Co.
&
4%
Semler
35c
—
Ltd.
Servel,
50c
(quar.),—
preferred (quar.)
Pennsylvania Water &
Co.,
8-31
1
1111-
35c
-
8-24
8-15
1
10-
J3c
Co
Inc.
preferred
4%
8-10
$1.75
—-
9-15
50c
Gas
(initial)
Incorp., $2.50 prior pref. (quar.)—
Thatcher Mfg. Co. $3.60 pfd.
(quar.))—__
Thompson (John R.) Co
Thompson Products, Inc., common—
8-31
50C
(quar.)i
Canadian
8-31
8-15
7%
1
$1.75
Co.
8-15
50c
,
Textron
1
11-
8-15
Co.
Roebuck
8-20
10-
50C
_■
Dillon
9-15
9-
$1.50
!r'
(quar.)
preferred
Second
7
35c
$7
$4.50
9-15
v!v-n$i
8-
1
35c
(Del.) (quar.)
Surety Co.—
a
Seagrave Corp., 5% preferred (quar.)
8-20
>
1
8-15
Seaboard Oil Co.
8-15
1
9-
12-
(James)
Electric
Texas
8-23
9-20
683Ac
Seaboard
8-15
9-
t5% preferred (quar.)—_.
___.
Pennsylvania State Water Corp.—
6%
8-31
9-28
Penman's, Ltd., common (quar.)
*
Pennsylvania Electric, $4.40% pfd. B (quar.)
Pennsylvania Glass Sand Corp.—•'!!•
Pfaudler, Co.
D
Whitehall RR.
&
Scotten
8-16
$1.37 y2
common
(quar.)—
'
1
25C
A .(quar.).
$1.40
preferred
series
'
8-15
8-15
9- 1
40c
Teck-Hughes Gold Mines (interim)^
Terre Haute Water Works Corp.—
8-15
9-30
15c
Paper Co., common (quar.)
preferred (quar.)_————
$4
„
7-20 1
9-15
:
1
1
9-13
15c
6%
Scott
'
7-31
8-15
9-
.
Arms Corp.
Schumacher Wall Board Corp., common
$2 participating preferred (quar.)
7-31
50c
(quar.)
class A (quar.)—_
Pettlbone
7-31
9-15
8-25
Savage
6
50c
$1.40
$5
8-
....
Common
<
:
_—
(quar.)—*
9-
Technicolor,
30c
_________
8an Francisco Remedial Loan Assn.
3
32C
(quar.)
Common
•
Sears
.
Talcott
Tampa
'
7-30
70C
pfd—
8-31
7-20
9-15
Shops (quar.)u!
Joseph Water Co., 6% preferred (quar.)
San-Nap-Pak Manufacturing (quar.)
Quarterly «
1
8-15
■
31V4C
75c
9-
8-15
34%c
semi-annual)—.
9-15
t$1.62ya
_________________
(accum.)
1
0-
10c
—
8-25
$40c
Saco-Lowell
8-22
1
8-11
37 %C-
(quar.)
i—
Peabody Coal 6% pfd. (accum.)
Peninsular Grinding
WheeL—*———
;
9-20
10-
$1.25
preferred
Peninsular
preferred
Rutland
8-15
750
(initial
Common
1
$40c
St.
8-22 ;
25C
(increased)-
faton Manufacturing, common
;
9-20
$1.75
———
paramount Pictures, Inc. (quar.)
Rig & Reel, comomn_
>
$5.50 preferred (quar,)..:
"
7-16
8-15
Extra
$1.40
\
'■
8-21
50c
—.
8-
50c
(quar.)
Rustless Iron & Steel
7-16
8-15
$25C
..Parkersburg
>!>
8-31
16C
American
f
1
$1.50
———
Line 5.6%
Pantepec Oil Co. of Venezuela—
7%
8-
8-15
.
25c
:
(quar.)
pfd. (quar.)
Panhandle Eastern Pipe
,<
l'i
—
.
^JMills
8 :
8-
—
5%
Pacific
7-27
8-
8-15
$25c
Manufacturing
preferred (accum.)
Va %
1
7
——.
Ltd.—
preferred (quar.)
-preferred
(quar.):
Pacific Lighting Corp. (quar.)
'
(quar.)
Paper, Ltd., common (quar.)
preferred (quar.)
Roos Bros., Inc. (quar.)_____
Roxy Theatre, Inc., $1.50 pfd. (quar.)____.
Rubinstein (Helena), Inc., common
Class A
(quar.)
Russell -Berg !_!__
•
8-27
8-15
$$1.75
&
$5
Fire
>
v
common———————-
Aircraft,
Marine
1
9-
15c
Ltd., common-.
9-10
37»/2C
Rolland
8-11
9-
50c
'}■ 59 %c
—
1
8-31
25c
__ _
-
&
Pacific
:-
———
Co.
Paper
$$1.75
(quar.)—
8-10
10-
&
$25C
Rochester Gas & Electric Corp.—
5%
preferred series E (quar.)___^
8-15
10-
$1.12V2
(quar.)—
Owens-Illinois Glass Co
Oxford
J25C
(quar.)
preferred
Ottawa
common
Products Co.,
preferred
6%
preferred
Gas,
1
$1.50
_____
Natural
Ontario Steel
•
4'/2%
,
•
43%C
$1.50 class AA_—_
Ogilvie Flour Mills* common (quar.).
!_—
:
7% preferred (quar.)—;
£
6
9-
7'Ac
(quar,)
1
9-
8-25
25c
.
Dep. ctfs. (reduced)—————*
Sylvanite Gold Mines, Ltd. (quar.)
Syracuse Transit Corp., common
_____
8-io
$$1.50
preferred
preferred
8-11
8- 4.
Swift International Co., Ltd.—
preferred ( quar.)___
Richardson*Company
Robbins & Myers, Inc.—
$1.50 participating preferred
•
Ohio
1st
2nd
6%
& Power Co., Ltd.—
v
(quar.)—————————
preferred
Swift
1
8-10
9-
20c
37V2c
(quar.)________—37'/2c
Company (quar.)
40c
8-
$1.25
(quar.)
pfd. (accum.)
9-
preferred
7-24
25c
B
7%
9-14
15C
y
______—___
(quar.)—
8-24
Co
non-cum.
7%
Scotia. Light
6%
i
$1.75
(quar.)
Co., com. (increased)
Co
Bit
(quar. interim)
Rice-Stlx Dry Good3 Co.—
9-
9-
(quar.)——
Pharmacal
$1.60
Class
9-
$i
mi
preferred
8-15
(quar.)____
preferred
8-13
1
8-15
—_r__—.>25c
——
8-22
___—
$1.50
.
Norwalk Tire & Rubber
9-10
1
10-
4
25C
Northeastern
•
9-10
50c
Northern Liberties Gas
■
9-
1
$1.50
—
(s-a)
—
_
1
10-
75c
—
participating
Machinery
9-15
Republic Insurance Co. of Texas (quar.)__
Republic Investors Fund—
6% preferred A (quar.).
6% preferred B (quar.)—
Republic Petroleum 5V2% pfd. A (quar.)__
Reynolds (R. J.) Tobacco—
Common
(quar. interim)
ap¬
———
Y.)
Roller
1st
$1.60 non-cum. preferred
Reliance Grain, Ltd. 6!/2%
_—
———-
(quar.)
(N.
to
v.
(quar.)
preferred (quar.)
6%%
North
<
(Subject
_
preferred
6%
Regent Knitting Mills, Ltd.—
»
North American Co., common (stock div.) —
<
One share Pacific Gas & Electric for
proval by the SEC)
non-cumulative
4%
of Rec^
.
9-
31'Ac
Co._————__
Sun Oil Co.
(quar.)_
Swan-Finch Oil 4% 2nd pfd. (quar.)______
Reading Co.—
8-25
5c
Fund
Shares..*—
3
19c
—
3
8-
7C
—-
8-
8-25
6c
Series!
Steel
.
8-25
7c
;—
-
A
.Extra
30c
(quar.)__^
10c
—
8-30
25C
15c
Railroad Series
8-30
9-29
Class
:
Sullivan
50c
common..
10C
j
$1.62¥2
'•'!: $1.50
—
Quaker Oats Co., 6% preferred (quar.)
Quaker State Oil Refining Corp. (quar.)___
Quebec Power Co.
(quar.)
3
8-25
3c
:
9-29
Holderi
0-1
$1.50
7-13
8-15
$1.25
(quar.)
,4_,—
8-15
8-15
9-14
Gas—
_______—
10c
—
Industry
prior preference A
Stromberg-Carlson Co. 6y2% pfd. (quar.)—
Struthers Wells Corp., $1.25 pfd. (quar.)
Stuart (D. A.) Oil Co., Ltd.—
8-15
$1.75
&
6%
8-15
50c
$5 preferred (quar.)
7% preferred (quar.)
20c
Industry
Public
9-14
9-14
9-14
50c
8-25
5c
Extra
1
8-15
$1.25
5c
10c
'
■
——-
1
When
Payable
—$1
Strawbrldge & Clothier—
j
y
9c
:
:
9-
$ 2
8C
——___——
—
—
8-15
$1.75
——
8c
i
1
of New Jersey—
(quar.)
(quar.)
Public Service, Electric
3
8-
Series——
—
Series
Corp.
preferred
preferred
9-
$1.25
(quar.)—
A
Per
,
Share
(quar.)
—_
8-25
8-25
•
;
25c
preferred
(quar.)
"6% preferred (monthly)..
6%
preferred (monthly)
3
7c
11c
___
—
Stonega Coal & Coke Co.
$5
10c *
Service
8%
8-
Inc.-
,
class
■>'
v
•
Name of Company
of Indiana,
(quar.)
preferred
Public
8-25
8-25
'
(
5%
6c
Series——
Industry
8-25
11c
Common
"
10c
Series—w——
Series.
Equip. Industry Series—
Industry
Series—
,
3
8-
6c
Electrical
Food
8-
8-25
—
Building Supply Industry
Business Equip. Industry
Chemical
8-25
10c
Series—_____
Industry
■
•■.
Name of Company
New York
:;v>
$$1.12y2
40c
10-
1
9-15
9-
1
8-15
9-10
8-27
35c
——
9-
1
8-10
$3 °5
30o
1°-
1
O
8-14
4^
7-33
1
THE COMMERCIAL' & FINANCIAL CHRONICLE
716
Williaihs
(J.
Co.,
B.)
(c(uar.)
C.)
Williams, *(R,
8-15
8-
Machinery Corp.—
$7 prior, preferred (quar.)
—
Woodall .Industries, Inc.——,——
.Woodward Governor Co. (quar.)
----i
.Woolworth (P. W.) ft Co.. Ltd. ADR (interim)
Worthington Pump & Machinery, common—
4lM'fc prior preferred (quar.)——
—
i' 4^% conv. prior preferred (quar.)—,—
:Wrigley (Wra.-)Jr« Co., common-—-——,
Wurlitzer
(Rudolphs
Co.—
-———
Yale. & Towne Manufacturing Co. (quar.)—
Yates-American Machine Co., common
V $2.50
8-
8-15
f$2.50
•
',12-30
10-15
10-15
9-1
15c
9-15
9-1
9-
8-20
,
5
7-
8-21
.10%
37 Vic
9-20
$1.12 Va
99-
'
gnd preferred (s-a)
Park ft Curry Co
Tube Co, com.
7>:
.
,
12-15
7-31
7-31
8-15
7-31
10-10
50c
9-15
1
8-18
1
(Continued from page 680)
£
Co. (& Subs.)—Earnings—
365,272
:
—
!Capitai.'.stock &• miscell.
48,278
301,705
Total
229,244
$5,194,910
529,533
578,809
577,039
$6,750,386
433.103
depreciation.
Depletion
269,355
432,135
260,612
-
•
—
etc.
taxes,
589,114
666~736
2,7921.492
842,607
868,372
1,103,294
r
income
normal
Federal
126,065
1,046,440
i Fed.efxc.' profits taxes-
Postwar-excess profits
■
Cr58,911
Pi ?: vj
:•
:*
taxes—
20,445
25,440
.
$2,225,287
$2,845,384
Net, inc. for the period
' dividends
paid
1,975,456
i
1,955,680
$1.12
$1.38
share.
com,
per
1,975.456
$1.44
during the period--—
Earns,
Consolidated
*
Assefs-r
on
U. S.
tax anticipation
U,
Treasury certificates
S.
/Accounts
notes
2,638,638
not consolidated—
-Total Capital assets,
Miscellaneous
.«
8,119,496
64,897
'Liabilities—
-
-
*"
Wages 'payable
;
Federal
Other
taxes
8c
accrued
For
;
.
■'
taxes
i
340,742
177~748
2,389,871
2,351,294
—
ins.
326,530
prospecting-,
Capital
•
stock
surplus
310,161
483,000
800,000
_
8~oo"66o
:
19,754,565
.
14,675,618
378,216
——_
«,
19,754,565
15,545,546
(par $10;
Capital- surplus
& explor.
__—
develop.
Foif. contingencies
Earned
289,753
244,985
236,125
life insurance and retirement
employees'
;j
498,187
._____
•
•-
injury claims and workmen's liabil,
FdiS,deferred
850,000
_
accrued.^
—
profits
exc,
378,216
———
'
Tdtal
-V-.
ff
—
161, pp.
$43,924,979 $41,584,197
-
___
1663.
1463,
—
NOTEz—For
1
mechanical
reasons' it
is
not
always
possible t& arrange companies in exact alphabetical
f order. However, they are always as near alphabetical
'position
their
of
St; Joseph Light & Power Co.—Exchange of Preferred
St. Joseph Railway Light Heat & Power Co.)'
Qff^r.iqg 13,056 Class A 5% cumulative preferred shares (par $100)
in
conversion; share for share of. the outstanding 5% cumulative
preferred shares.Jbeiq by .others than Cities Service Power & Light Co.
Dividends oh the outstanding preferred
shares are guaranteed by.
.
Cities
Service
dividends
the
on
Estabrook
Co.
&
Co.''have- been
There
Class
Co., G.
A
will
5%
be
no
such
guaranty with respect
preferred shares.
to
cumulative
from
following circumstances:
Cities' Service Power & Light Co.
of
out
the
reflect
Cities
Service
Co.
have
of
securities
Service
of
Power
outstanding
the
&
company.
Light
Co,
stock
common
the
and
In
compliance
direct
owner
certain
with
of
such
all
of
other securities
orders
the
of
jbv Continental.
The agreement provides for the consummation of a series of transac¬
to
common
that
all
Power &
accompany
or
precede
the
acquisition
stock
of
of the company, all of which
them, must be consummated or
by
are
none
Continental
of
interdependent,
of
them
will
the
so
be.
Light is to surrender all of the presently outstanding $3,500,-
common-stock
contribution' to its paid-in
surplus and is to exchange., the other securities of the company which,
OOO
it
of
the
company
as
a
chares' of pre/erred, stock-, and $-1,515,000 of serial
income notes)
for-20.694 ^shajes. of common stock: of-the company..
Continental, in addition to the purchase of such- common stock from
Power & Light, is to donate $1,000,008 in cash to the company and
own?
(5„544
ry.
432,564
the
above.
further
but
issuance
178,997
56,641,933
2,079,223
1,869,826
$5,686,330
$4,772^07
.
$881,529
41,056
32,596
238,639
186,103
-$923,578
$914,125
$5,924,969
$4,958,210
.
259,038
250,689 A
1,522,264
1,516,495
$4,402,705
$664,540 ;;, $663,436
$3,441,715
8 fynd' $240,000 of first and refunding mort-
u
Kfo bon5s <*ue °ct1971- afc 101 and interest. Paymade,at the office of J. p. Morgan & Co. Incorporated,
of the trustee, 23
Wall St., New York, N. Y.
The First Trust
Paul, St. Paul, Minn., is trustee.—V. 155, p. 308.
$408,485
normal
Fed,
excess
surtax^
profits
res.
; amort,
24,730
&
28,212
2 ,273.469
258.450
: - 333,146
8,793
320,549
128,998
54,141
9,812
tax..
accru.
622,233
782,123
'
56,674
112.402
and
excess
of
$4 .954.555
$5,028,853
191,600' -2,450,690
22,791
345,941
27,033
—
taxes.
Fed.
1945—12 Mos. —1944 *
$401,924
200.724"
-
Maintenance
General
Co.—Earnings—
1945—Month—1944
revenues
over
original cost of utility
plant
Utility
.
43.658
34,158
$45,852
Other income
.Gross
$62,227
466,852
;
409,752
$785,210
$802,357
Net
is
1943
6%
$3,865,643
$3,746,493
Common
V.
162.
-
2,064,385
2,154,450
272,200
2,093,324
223,921
1,641,283
342,943
188,915
190,980
186,667
193,754
346,952
343,444
>
339,$41
of the
stock„
60,000
4,857
4,584
——
and
interest.
Co.,
trustee,
have
the
called
Broad
obtain
accrued
$734,956
$760,638
$830,431;
22,141
8,399
:
York, N. Y.
A
immediately the full redemption price of said
to Sept. 15, 1945, by presenting them to
155, p.
Scott Paper Co.
1927.
Materials, salaries,
Depreciation
JJune 30,"45
July 3,'43
July. 1/44
$16,693,364 $16,054,503 $16,154,268
local
taxes,
266,040
270,992
277,940
315.327
221,100
244,929
240,904
264,550
7,301
8,031
7,908
8,631
St. Louis-Sau Francisco
& Power
$264,064
Co.—Changes
from
railwaysrailway
January 1—.
railway.-^
"from* rallway'-i;-!
162,
p.
income—
608.
'
:
517,322
f 2,345,485
'
^
■'
•
Gross
Other
M
profit-£L—
—,1'r v$l',554,761
2,571,154
:
*
'
■•
'$1,609,312
$1,646;183
*
ii
come
52,377
f
70,764
43,648
-
'Earnings before Federal taxes
Prov.-for Fed. and State ina.
Frov.>for Fed,
$1,607,138 l$l;68G,076"" $1,689,831
taxes-<
Net earnings—
Dividends
Net
Earnings per
•Based
310,396
" 276,882
$772,753
127,006
$793,864
127,006
$657,544
-I
$645,747
$665 247
:
shares:
common
share——
common
on
tRefleets
;
'$784,550 /
-
earnings for
596,927
270,255
preferred shares
on
552,333 ' >
)
profits tax
excess
»$0.94
s
of 694,402 shares.
of. Cut-Rate Division
average
earnings
■
.
619,085
*
'
128,617;
*• > t$0.96
fBased
t$0.99
667,942
on
shares.
(formerly Automatic Paper
Machinery Co., Inc.) for period since May 26, 1945.—V, 162, p. 140, '
•
Seaboard Oil Co. of Delawerc—Earnings—
(Including wholly owned subsidiary companies)
3 Mos. End. June 30—
Operating
Oper, and
*1944
1945
;
1943
$3,272,906
1,120,066
$3,045,138
$2,516,585
exps.
944,015
914,536
income-
$2,152,840
.$2,101,123
$1,602,048
revenue—
revenue——
gen.
Operating
$9,703,390
3,107,689
2,058,03*
56,282,166 ,^55.890,982
50,760,980
$6,989,254
$9,381,195
3,514,659
-1,394,131
3,188.881
1,434,051-
$1,717,212
689,811
•
6,851,197
7,760,019
10,988,476
$1,027,400
—
53,273
30,914
23,539
13,240
$2,206,113
$2,132,037
$1,625,587
$1,040,640
902,487
1,097,009
19,932
538,968
430,079
17,287
558.363
620,208
524.967
374,790
*65,000
*51,500
nio.ooo
*15,000
8,000
10,000
$335,337
$419,102
Intang. orill. and devel.
:_T_r"
Interest
bank
on
deprec.,
aband.
prop,
loans-
22,550
amort,,
&
foreign
expl.
coun-
'
.tries,
—
Federal
Income
for
Net
taxes—
contingencies
profit
Earnings
$662,975
—
per com. share
provision
profits taxes.
liabilities
made,,
$0.54
or
deemed
be
required,
.
assets
of
as
June
$1,705,415.—V.
161,
$0.34
$0.27
to
,
30,
1945,
p.
totaled
for
$220 772
'
Federal
$0.18
excess
,/
2489.
.1945—Month—1944;;
$4,709,381
and
current
—V.
162,
p.
288.
-
1945—6 Mos.-^1944
$
67,798,892 467,495,220 440,670,679
70,977,266
Sales
•
•
V
■
;
2,498,090
2,044,149
/
36,169-,831
10,746,487
"
8,487,578
Semler, Inc.—Increases Dividend—
(R. II.)
The
ia,91S,447~"16.486vl39-' 1T.469.603
'"
income.———
$
1942
1943
$9,976,867
.
"
Other income
Ry.—Earnings1944
"
1942
Sears/Roebuck & Co.—July Sales Up 4.7%—
■;
from
11,419,609
498,766
,
162, p. 16.
1945
Net. ry. oper. >income_u_
11,600,940
509,698
Distribution,
admin,
and
general
exps., Iucl. .freight paid on goods
•No
$242,285
$26?,329
$240,515
Light, Heat
•June—
etc.; .12,130,036
2,498,869
'
Prov.
taxesu.
Ry.,
(& Subs.)
sales
$852,572
$769,037
$786,281
Joseph Light & Power Co. above.—V.
Net. rv; oper,
-
St.,.New
Period End. July 31—
.From
:
interest
6, Months Ended—
Net
Name—Exchange of Preferred Stock—
Gross
Bonds—*
first mortgage bonds, due March
redemption on Sept; 15, next, at 100
for
Payment will be made at the Continental Bank ft Trust
30
trustee.—V.
Current
from
149,114
459,202
__
been
may
bonds, with
131,412
131,412
tax...*—
deductions
forma-net income
Gross
60,000
121,776
_
outstanding 10-year 4%
1947,
Depl.,
-
$781,424
See St.
397,289
$405,068
501.
.costs
;
115,708
Joseph
358,470
$355,300
stocks
stock
p.
Total
$730,372
St.
31,734
$29,972
169,684
''
Pro
21,863
Schuyler Hudson Corp.—To Redeem 4%
All
$3,299,018
—
income
17,146
$23,444
—,
.
preferred
Debenture
replace, ar de.-*
income
6713,770
1942
prop.
Federal
$61,707
Dividends declared:
subject to
Years Ended Dec. 31-:
operating revenue
State
£>r519
$45,308
—
income
Holders
119,637
Income
Dr 544
$693,588
20,182
(net)—--
income
Income deductions
taxes
Gross income
income.-.
oper.
work in
Net
337,473
;$882,522 U
Savannah Electric & Power
,
330,606
income
Net
—V.
$6,462,936
•
287.
p.
15,
$3,772,929
Amort, of losses on aban-
Net
$7,577,650-
.
oper.
income.
oper.
com¬
into an agreement with Continental Gas & Electric
Corp> under the terms of which all of the common stock of the com¬
pany outstanding upon consummation of the agreement will be owned
pany!;, bias entered
tions
$7,765,553
Period End. June 30—
;
stock
Cities
presently
the
$1,219,002
710,003
..
,
the
both
$1,315,086
from
Operating
Operation
Walker &
H.
1944
preciation
-
and
187,903
.
114,589
-
..
company
expenses —
& repairs
other than
doned street ry.
been ordered by the SEC to sever their relationship with the company
by disposing of their direct or indirect ownership, control, and holding
27,243
Co. of Saint
Company
by it to be
Other; income*
arises
30,416
_
income.
oper.
^
par.
Prov. for
' "
shareholders
G.
.
H. Walker & Co. and Prescott, Wright; Snider
to obtain consents of preferred shareholders
the-wnversion of their shares,
-The foregoing offering to preferred
$1,191,759
I
Authorized
• Outstanding
** >
t$4,806,000
r;
$35,910 29,816 ,
t
$13,056 shs.
35,000 shs.
22,194 shs.
mortgage.
Maintenance
retained
to
$1,234,670
162,
Retire,
unlimited
amount
of the
operating revenue
Taxes
to
income.—
income.——.
agency
cumulative preferred shares.
The class A 5%
consist of the 6,400 shares of preferred
on
496,080
9,593,737
756,416
;
presently
adjustments
Operating
T;he,Vpmpany (formerly
530,511
11,974,072
Saint Paul Union Depot Co.—Partial Redemption—
nnTrhBeHLh^7e.v,beei?
^ redemption on Oct. 1, next, through
Debt—The capitalization of the company
12 Mos. End.
is
"*
•:
r..=
.•
68,814,
1,818.239
v.
stockholder
present holdings of preferred
,
at
Gross
..
Boston.,
Co.,
&
May 31. '45
y
—V.
shares.
Funded
and
possible.
as
A
cumulative preferredstock not presently
outstanding, together with any shares of presently outstanding pre¬
ferred stock which are reacquired by the company, or are converted
into Class A 5% cumulative preferred shares. ; The class B 5% cumu¬
lative preferred shares shall initially consist of the 18,600 shares of
preferred stock presently outstanding, of which 5.544 shares are owned
by Power & Light and 13 056 shares are owned by others.
It is
assumed in the above tabulation that the-entire 13,056 presently out¬
standing shares owned by others than Power ft Light will be converted
into class A 5%
cumulative preferred shares.
In the event that any
shares of presently outstanding preferred stock are redeemed, the funds
required for such redemption will be raised by selling additional com¬
mon stock to Power ft Light, and the 22,194 shares of common stock
to be outstanding as indicated above, will be increased by an amount
equivalent to the number of preferred shares redeemed.
'•
•
§The 35,000 shares of common stock presently outstanding are to
be donated to the company and cancelled;
thereupon, 22,194 sharesof common stock are to be issued, of which (i) 5,544 shares are to be
issued to Power & Light to acquire 5,544 shares of the presently out¬
standing preferred stock, (iii 15,150 shares are to be issued to Power
ft Light to pay the $1,515,006 principal amount of serial income notes
of the company and (iii) 1,500 shares are to be issued and sold for cash
to Continental at par.
Additional shares of common stock may become
outstanding as indicated in note ($)
above.
Summary of Pro Forma Earnings
$2,601,857
$2,322,197
-
consolidated
not
rf
income
Reserves:
''For*
'i&L
laws.
tax
Net
.
shares
$43,924,979 $41,584,197
;
Federal——
oper.
—_—
Deducts, from gross inc.
authorized 25,000 shares of preferred stock have been
reclassified into class A 5% cumulative preferred shares and class B
5%
:
1945—S Mos.—1944
r,
96,707
-
.
Gross income
_
tThe presently
'
-
.payable*. L-L-i.—.
tov foreign, subsidiary
Due
•
138,266
assets —
Prepaid; insurance, taxes, royalties, etc.-_—
8',,V:
.y , ; v
j. ,.Total
Accounts '
596.617
2,892,006
.
—
Non-operating income—
1,500 shares (par $156,000* of common
represents that it will set aside the money
so
received
used to the extent necessary to reduce its
bonded indebtedness to not more than $3,750,000. -
8,714,546
—
income
mtge. bonds,
stock
13,031,239
613,000
net
Estabrook
conversion
the
of
purchase
4,968,045
13.026,826
and advances——
Shareholders
tSubject to provisions of the agreement, Continental has agreed to
make
a
capital
contribution to the company of $1,000,000 and to
109,016
314,602
4,848.717
Investments
.
the
restrictions
3,436,931
34,506
29,543
:
retained
••Authorized
$6,755,030
1,100,000
2,700,000
accounts receivable——
and
31,*44
Dec.
3.600,000
(at cost)-_„—_-_
has
A preferred
•After
receivable
notes
Other
A $1.09
$9,969,260
700,000
(at cost)
from foreign subsidiary
Due
1
June 30,'45
■;
■
;
hand and in banks———
Cash
Federal
4)4% series due 1947
due monthly—
Class A 5%
cumulative pfd. shares—
gCommon stock ($100 par).—
1st
Sheet
Balance
the
under
Equipment notes
1,955,680
244,628
$5,922,721 $38,126,170 $33,748,683
2,729,319
17,333.933, 16,439,515
.1,779,939
118,306
Net ry.
31, 1945, after giving effect to the provisions of the agree¬
including adjustments to reflect (a) the donation by Power &
;,v
:
$2,142,208
$2,697,084,
Cash
expenses.—
valorem)
income
outstanding preferred stock of the company
held by others than Power & Light, into an equal number of class A
preferred shares, being registered, and (d) the purchase by Conti¬
nental from the company
of 1,500 shares of common stock, is as
follows:
-'-:-
"l8~677
558,542
to
shares
Cr66.902
20,062
tax?> refund
•
State- income
V
1945-Month--1944
$5,171,627
Total ry. oper. income
the company of 35,000 shares (being all) of the presently
outstanding common stock ($100 par) of the company, (b) the acquisir
tion by the .company from Power & Light of 5,544 shares of presently
outstanding preferred stock for the issue of an equal number of shares
of common stock and the payment of $1,515,000 of serial income notes
of the company, owned by Power & Light, through the issue of 15,150
shares of common stock of the company, (c) the conversion of 13,056
483,000
develop. & exploration
(ad
Deducts
May
ment,
prospecting,
Deferred-
.
at
Light
975,639
243,864
preferred stock have the following
Capitalization
31,414
$4,466,324
213,989
income
for
Prov;
-
311,832
$5,269,852
income
Other
class
464,649
revenues—
Other ry.
St, Louis, and Prescott, Wright, Snider Co., Kansas City, as
exchange agents, to solicit and procure consents of preferred share¬
into
1,299,814
1,140,853
oper.
Ry,
Co.,
$6,718,972
1 2,184,620
1942
162, p. 140.
Other
the
holders to
2,071,685
Federal income
Exchange Agents
48,606
113,320
Ry ..tax accruals
preferred
of
Federal
Company
125,318
railway— 'M,959,082
railway
.
•• 766,009
income—'
•'•' 205,257
Ry.. oper.
shares.retirement
to
of Preferred
48,138
7
Period End. June 30—
•
A
stockholder
of
366.102
$4,965,666
privilege
38,652
income
oper.
This, amendment gives the holders of preferred shares
and
154,124
from
ry.
Ry.
of
right
243,995
.
| St. Louis Southwestern Railway—Earnings—
held by
of new
be made
taken or will take the following steps:
\
incorporation to reclassify its authorized
has
articles
18,843,132
72,638
$4,154,491
of
to
■
48,058
opers."
Net profit from
;
.
$4,968,147
taxes'^-
■
:
:
and
shares
provision
making the conversion would, in the opinion of counsel, be subject
income tax with respect to any gain realized as a result
redemption or retirement of his stock.
not
1942
$25,976,812
398,623
365,889
'
company
into
company
such
17,936,225
preferred
' $314,257
121,616
159,651
/.
January 1—•
from
Net
alternatives: (a) they
may
take advantage of their right and privilege to convert their
present holdings of preferred stock into Class A preferred shares,
(b) they may retain their present holdings of preferred stock until
redeemed, or.(c).they may obtain payment of the fair value of their
shares as of the day prior to the date of the stockholders' meeting
at which such redemption shall have been authorized, by not voting
in favor of redemption and by filing written objection thereto at or
prior to such meeting of stockholders, and by making written demand
on
the company for such payment within 20 days from the date of
such meeting.
*
;
.i'/.
\:y: -•
The company has been advised by counsel that in the opinion of
such counsel the conversion by stockholders of their shares of presently
outstanding 5% cumulative preferred stock of the company into new
Class A preferred shares will not result In taxable gain or income to
Si A
1943
$23,373,152
the
shares
that effective
conversion
Alternative Rights
-
Net
be
Holders
General Corporation and
tratiye ' expenses
shall
the
dividend. y
.
t Payable in U. 8. funds, less 15 % Canadian non-residents' tax.
tPayable in Canadian funds, tax deductible at the source.
Nonresldent tax. 15%; resident tax, 7%.
a Less British income tax. • . .
St; Joseph Lead
13,056
such
of
1943
$417,779
Continental
with
shares
their
1944
$310,158
;
railway—:
railway——
oper.
Oross
contingent upon the purchase of the common stock of
by Continental under the agreement.
The conversion
must be effected not later than the date of closing such purchase. - •
(2) It will redeem at $100 per share all unconverted preferred shares.
The shares so redeemed will receive dividends to the redemption date;
.8-15
6Mos..End. June 30>—
1945
1944
Nct;.sales
$24,760,340 $25,216,498
Cost ,;6f
sales
(excl.
dfepf;V & deplet.)
19,378,863 20,647,838
Sell.', ' gen.
& adminis:
"
and
ry.
From
•
'
1945
$361,901
'
from
from
.
Net
convert their shares into
preferred shares, on a share for share par for par
The board has by resolution provided that the right to con¬
basis.
Jamaica Income tax.'"'
•Transfer books not closed for this
■
its
Class
new
50c
—
Net
—V.
agreement
convert
said
of
outstanding the
the
xLess 30%
.
the
Light
for
company
now
2
10-
*
5
June—
Gross
shares.
13,056^ preferred
&
balance
preferred stock.
8-
in
the company
provision
9-10.
§$3.50
$1.37 Va
the
9-25
vert
*—-
the
Power
Amend
(11
8-15
1-
A preferred
conditions
stock of
the
shares,
t$3.5G
(quar.)
A
class
5,%% t preferred
.
1
*2©C
——
Yosemite
1
12 Vic
Mills common (s-a) —
7%. 1st preferred (s-a) —
———
Knitting
Youngstown Sheet &
9-
10-12.
St. Louis-San Jprancisco & Texas Ry. —Earnings—
V
~
9-20
10-
15c
than
make
To
8-20
20c
12 Vac
Common
York
1
Class
12,006 of
retire
to
the
the
preferred
1
10-
50c
or
than
1
9-15
,
at
9-1
9-15
$1.12 Va
•
common
is that,
prior to the closing of such agreement, the holders of not less
Others
6,
of
of
One
8-17
25c
.
its
of
payment of dividends on
dividends
$1.75
shares
1,500
company
cash.
in
used to
be
the company's preferred stock by Cities
Service Co. will thereafter be inappropriate.
Consequently, in return
for
the
benefits
to
be derived
by preferred stockholders from the
transactions
above-mentioned,
there
will be
no
such
guaranty of
11-15
1
$150,000
must
•
the
1
11- 1
11-
$1.50
$1
Wood Newspaper
6
8-11
1
9-
$1.50
(quar.),
.•
Wilson Line,"Inc., 5% preferred (s-a)—U.--,
Winnipeg Electric Co., 5% non-cum. pfd—
Winsted Hosiery Co., common (quar.)___—
.
4
—
WilliaibSport Water Co., $6 pfd.
t
8-15
8-
the
from
The $1,150,000 so to be received by the
the extent necessary to reduce its bonded
indebtedness to not more than $3,750,000.
Since Power & Light and
Cities Service Co., upon consummation of the agreement, will no longer
have any interest in or control over the company, the guaranty of
for
company
4
30c
--
Co.-,
8-
25c
"
750! 'preferred
8-15
directly
purchase
stock
of Rec.
payable
25c
(quar.)—--
common
Holders
When
Per
Share
Name of Company
Monday, August 13, 1945
20
directors
cents
per
of record
rate
of
15
Aug.
on
1' declared
a
regular .quarterly-.dividend of
stock, payable* Sept-. .11 to holders
Previous^ quarterly divideads-have v been paid . at. the
share.^-V. 161, p. 2116. ;
'
share on the common
Septr 1.
-
cents-per
,
.
Volume 162
the comm:ERCIAL & FINANCIAL CHRONICL
Number 4411
1945
6 Mos, End. June 30—
Income-r-Dividends
earned
Interest
Total
.
income—
gross
48,597
:v;
29,227
,
.*$230,807
38,966
10,745
$241,426
:■,;;
Expenses-..
income tax——
Federal
14,994,
,
■*+..—-
$11,328,249, total, $16,701,404.—V. 161,- p. 2227.
$189,145
v 21,493
$194,662
$215,812
,
909,
—
,1942
1943
1944
.
$240,518
;
-
.
„
39,593
10,750
of 50,000 shares of common stock (par $1). was
Net inc. for the period;
■•...'
•■■
profits
145,155
.
* '
v
,
'
*
in turn was successor to Prudden-San
organized in California in
1927.
(For further
business, etc.; see V. 161, p. 2227.) * ''
■<
In
30,' 1944.—V., 162,
$8,528,831 $18,804,887 $17,809,885
$9,869,663
L
-
■
8,095,201
7,277,301
15,347,105
15,184,687
$1,774,462
145,500
$1,251,530
160,500
$3*457,782
291,000
$2,625,198
321,000
124,500
278,602
124,500
293,394
249,000
573,735
249*000
567,924
sold
•Profit
Prov.
-
for
depreciation-
Provision
facilities
special
Selling •&
Prof.
admin,
bef.
and
charges-
$1,225,860
$701,310
——
.
•
notes
on
pay.,
etc.
Fed, inc.
for
Prov,
10,077
$1,546,230
18,485
.
stock.
inc. taxes (aft. deduct,
913,000
post-war credit)—
tingencies
—150,000
75,000
——
$666,553
profit for period.,
$364,793
$141,233
Earns, per com. share'
$0.74
$0.17
-v., 161, p.2227. ^.■■■ ■■/,v,,/,://
underwriters
.
$0.40
Month—1944
1945-
Period End. June 30—
-V
19,867
22,389
23,300
_—
————
Fed. normal and surtax
1945—12 MOS.—1944
$213,463
80,518
14,321
21,146
$216,920
81,227
—
—————
taxes
Underwriters—The
$2,612,598
950,586
206,885
260,252
135,249
Reynolds & Co
246,832
Alex.
277,100
260,149
-
6,750
88,740
17,168
14,031
172,277
167,593
Utility oper. income-
$51*346
453,796
$651,825
shares of
174,860
$677,326
Retire.
•
359
371
7,977
$51,706
$659,803
8,865
$54,167
8,496
105,757
Brown
$45,671
$554,046
210,000
Van
$580,333
317,217
■_——
303,476
deductions
Income
-Net income
.
Preferred, dividends
Common
to
the
8,182
—.
dividends
.
to
cents
50
the
underwriters
of
3,500
-
*
Alstyne, Noel Sc Co
Reinholdt
210,000
.
Mining' Co., above.—V. 156, p. 2230.
(& Subs.)—Earnings—
Period End. June 30—
••>
Gross
.
income
©per.
Costs,
oper.
expenses*
,
and
taxes,
Net
10,477*446
11,500,636
'•'*'
Period End. June 30—
1,500
Operating
1,000
21,943,535
Operating income——
.
Other income
«.
——,
Total; Income—•
Non-oper. charges
—
$4,217,515 ; .$4,513,607
,1,351,719
1.291.354
$8,344,468
Net
Net
162,561
2,170,688
$3,569,234 :$5,804,961 $10,937;94t $li,250.343
62,509
-.
68,138
120,198
115,250
.
j.Int, and amort, of dis—"?
count and
.
Prov. tor
expijon de-
f82,149
.
offs
164,292
,178,882
1,428,689
1,464,969
—
Cancellations andwrite,
84,678
2,863,115
of
.
■'
■
■
■
458,309
424,557
■■'';
-
U 92,400
213,950
246,093
.
$179,591
196,650
197,308
$10,528
Net
Com.
,
inc.
shs,
for period—
outstdg.w——
Net inc. per com*, sh.—
.
2,211,600
2,360,500
4,062,300
Note—Provision
was
$1,501,917
981,348
$1.53
$1,649,006
981,348
$1.68
$3,269,727
981,348
$3.33
$3,403,365
981,348
$3.46
made
for
possible renegotiation of
income
Co.
/
for
of
.
,
Simonds Saw & Steel Co. (& Subs.)1945
6 Mos. Ended June 30—
1943
1944
sales, less discounts, returns
$12,472,742 $13,430,065 $14,824,244
and allowances
186,713
258,796
•Payment to U. S. Govt.
Cost of goods' sold
8,343,421
9,034,955
9,355,884
1,366,465
1,284,915
1,244,965
Selling expenses ———————
375,216
368,106
368,576
General and admin, expenses——
Gross
——
,
.
;
Profit
from
operation——_—
Other income
$2,200,927
59,092
$2,483,291
$2,260,019
$2,531,267
$3,854,818
49,921
47,976
'
.
"Profit from operation-——-
..
Miscellaneous charges L"—
Provision- for
Provision for
:
taxes——
contingencies
26,087
-
fl,553,700
Consolidated net income———
Dividends on common stock——-w.;
v*
$1.37 '
$724,119
.
397,600
-
$1.45
$823,078
397,600
: $1.65
,
-
■■■
Further details follow:
The
bonds
.
.
,
.
redeemable
to
(demand ,deposits) and on hand, $2,797,989;
deposits in savings account, $93,054; Government.securities, $2,202,624;
accounts receivable, trade (less $49,000 reserves for doubtful
accounts),
$1,935,146; other accounts. and notes, $24,267; inventories, $3,777,196;
prepaid and deferred items, $221,833; notes and accounts receivable,,
not current, $22,875; estimated
post-war refunds of excess profits tax,
$1,287,368; investment in common stock of partly owned subsidiary, at
equity in underlying net assets as
shown by
subsidiary's books,
$78,014; real estate, .tools and* machinery, and equipment, at cost
(after depreciation reserves of $5,599,594),
$4,261,037; total, $16,701,404.
Liabilities—Accounts payable, $527*889; partial payment to U. S.
^ene6°tiat<on of 1945 sales (after
000), $898,696;
uther accrued Federal,
state
and local taxes,
$330,870;
of
struct.
equipment-
8.642,426
824,103
i—
expenses
*
Transportation expenses
Miscell. expenses
——
General expenses
_
^}?.'.*. 1
:
'
•••■
Net rev. fr. ry.
16,401,854
*
1,384,751
1,182,671
,
'
System
3945—6 MoS-^1944 ;•
$
•,/.
;•.J*1' "
■
53,143,114 313,168,348 312^73,619
7,234,404
42,^40,772..' 43,:229i969
8,801,119
53,901,959
5^228,C50
"4;423,335
780,710
4,940,889
14,951,343 95,149,059
96,715,260
1,337,420
7,970,964
7,908,032
1,161,644
7;128,276
7,155,011
oper._
20,053,171
18,876,472 101,836*428
Railway tax accruals..
.Equip, rent (net), Dr_u
Jt. facil. rents (net), Br
12,826,936
2,265,590
Net
deductions
4.879.801
26.142.25?.
1,238,760
3,279,303
28,253,469
n5,007,965
6,118,562
'29,421,555
i33,2fil*i433
32,191
Total income
100,754
4,859,891
5,643,215
—
Miscell.
106.613,958.
63,381,751 .67,034,331
11,856,163 ,10,622,260
456,262 '
: 703,898
11,939,237
1,994,042
;
63,389
783,324
income
oper.
income
ry,
Other
avail,
Inc.
.
including June 30,
1946, at
105;
thereafter, to and including June 30, 1947, at 104; thereafter, to and
including June 30, 1948, at 103^; thereafter, to and including June 30,
1949, at 103; thereafter, to and including June 30, 1950, at 102%;
thereafter, to and including June 30, 1951, at 102; thereafter, to and
including June 30,
1952,' at 101%!; thereafter, to
and including
June 30,
1953, at 101; thereafter, to and including June 30, 1956,
at iOO'/2. and
thereafter, at 100, in each case plus accrued interest.
Bonds are also subject to redemption with moneys in the sinking fund
at 102J/2 plus interest up to and including June 30. 1950, and thereafter
at the redemption prices otherwise applicable.
On or before Dec, 31,
1945, an amount equal to 12 V2% of the
"sinking fund earnings" for the preceding fiscal year, and annually
thereafter, on or before Dec. 31 Of each year, commencing Dec. 31,
1946, an amount equal to 25%. of the "sinking fund earnings" for the
preceding fiscal year. V y.
::
■ y:./,;',Vy/y
y.y;/
79,585
5,611,024
1,932,346
29,123,689
11,698,492
32l927;,207
12,448,504
405
6,038,977
2,062,125
1,310
676
U t.TMQ
3,078,272
3,975,542
17,424,521
20,470,842
202,054
179,922
137,644
179,922
297,866 .33.4,225
fixed
for
——
Total fixed charges
Total conting. charges.
.
income
Net
S.
of
,;V
'
.
P.
Transportation system
•Net
fnc.
of
solely
con¬
f
trolled affiliated com¬
panies
—fConsol. adjust. (Cr)__)
....
X.4,483,,764
533
1*158,,817
1,079 ,532 *
JConsol. adjust. (Dr)_—
Consol. net income^—
.J,079,
124,000
4,060,248
?
4,293,108
19,538,871
,23,034,139
•Excluding S. P* RR. Co. of- Mexico.
tRepresenting interest on .per¬
bonds of solely controlled affiliated companies hot* credited to
Income of S. P.i Transportation System.
IRepresenting dividend^ re¬
ceived from solely controlled affiliated companies included" 'fn, net
income of S; P. Transpdrtatiori System but not' charged^ againsli incomc
by paying companies.
'..V
'
'
tain
'
■
> mebi
■::
Declares Regular Dividend-
. ■ •
-
.
The
directors
-1
■
r**
■
.7:
i
2.declared a quarterly.dividend of,.75rjcents
per share on the capital stock of no par value, payable-Sept. £lf7 to
holders of; record Aug. 27.
A like amount was. paid on March. 19'iand
June 18, this year.. Payments during 1944 were as follows:
March 27,
50 cents; June 21, 50 cents regular and 25 cents extra;
Sep|.« .18,
50 cents, and Dec. 19, 75 cents.—V. 162, p. 609,
..>■>, r:
*
.
—
Business and Properties—Company
3,000,000
;• 1,000,000 sbs.
••
•,
.
on
Aug*
•
domestic
produced by the
Imported* raw. sugar
sugar
and
molasses.
is engaged in the sugar and sugar
In
together with
into refined sugar .and
.*
normal
relatively
one
in
of
times the industry is highly competitive.'
small
the
refining
unit
in
the
domestic
larger domestic growers
operations.
Company
of
sugar,
sugar
cane
distributes
its
The
■40
but is
also -engages
products
in
the
.
;-'
_*.
-'
V
i OMos.
Month
net
These
Inc.—-Common Stock Placed on a
directors
on
Basis—Earnings Rise—
Aug. 2 declared a regular
the $5 pair value common
cents per share on
,$1.60
<
quarterly dividend^ of
stock, payable Sept. 1
record Aug. 15,
This payment, according rto James
Hill Jr
President, will give stockholders an additional'20 cents per
vear on the basis of the old $10 par value capital stock.
Before the
two-for-one split-up on June 15, the regular quarterly dividend on the
to
Company is a
which
:
sales_w——U-'-—$3,971,246 $33,9,69*038
figures include mail order ami r'etail^ales* ot
Spiegel, Inc., and subsidiaries.
' ;
(2) No comparison with 1944 sales is submitted because only:i*nail
order sales .were reported in 1944,—V, 162, p. 609.
a!' sp ;
Consolidated
Sterling Drug
.
refining industry,
^
Annual Dividend
purchased
blackstrap
company
•
*'"
Notes—(1)
cane grown upon land owned by the company or leased from
others, the production of syrUp,
raw
sugar
and Turbinado sugar
(special manufacturers' sugar) from such sugar cane and from sugar
"cane purchased from others and the production of blackstrap molasses
and bagasse as by-prodUcts of such operations, and the conversion of
raw
15.
Period Ended July 31, 1945—
.
sugar
the
"•
Spiegel, Inc.—July Sales—
..
2,223,770
424,972 shs.
*
■
Treasury tax notes of $2,680,-
of way •&
Maint.
Traffic
55,411,310
6,922,334
revenues
oper.
Maint.
cane industry.
Company was. incorporated in Delaware July 13, 1935.
The business consists of the planting, cultivation and harvesting of the
Government, due 7/20/45, on account pf renegotiation of war contracts
for year 1945,
$52,725; provision> for Federal and Dominion income
payments which may result
•
•.en
.
and
nated), due Nov. 30. 1973
Common stock (par $1)—
in banks
and excess profits taxes and for
additional
•
,
Consolidated Balance Sheet,. June 30, 1945
Assets—Cash
*1945—Month—1944
■../_$
Railway
charges
are
Capitalization. Upoa the Completion of This Financing
Authorized
Outstanding
First (closed) mtge. 4JA% sinking fund
*
bonds, I960 —————.—-u_—$2,500,OOp
$2,500,000
5% cumulative income debs, (subordi¬
profits taxes
(less estimated post-war refunds) and
for additional payments which may! result from' renegotiation of 1945
and 1944 sales.
$ After deducting $302,300 post-war refund.
excess
.
$7,847,655
5;882,799
aU
608.
Period End. June 30—
— Bonds Offered — Mention was
issue of Aug. 6 of the offering of $2,500,000
.
•Provision for partial payment to U. S, Govt, on account of rene¬
of war contracts,
tProvision for Federal and Dominion in-'-
gotiation
and
.
p.^609.^
Anplication—Approximately $1,487,000 of the net proceeds will be
applied to the redemption, at 104 plus interest, of the $1,437,000 of
mortgage 5% sinking fund bonds, due Dec. 31, 1955.
In addition, it is the present intention of the company to expend
approximately $750,000, when and as machinery and materials become
available, for expansioa and improvement of company's refinery and
•for certain other additions to and improvements of the company's
properties, and to use the balance of such net proceeds to augment
cash working capital.
'
■
' -
•
come
$8,135;686
6,221,771
Southern Pacific Co*—Earns, of Transportation
first, (closed)
200,000
—
$680,232
447,300
Earnings per share————
$3,904,739
11,261
}2,870,400
1,999
11,805,150
:
-
$1,312,572
1,000,213
1,032,352
Co., Paine, Webber, Jackson & Curtis and Boettcher &
the periods of 1945.
No similar provision was made'for the periods
1944.—V. 162, p. 609.
v,:; /.v;'7'//;.;
...
''.-V7..,'
\ • ;;.v
,
•
162, p.
$1,338,670
——
output of this company for the week ended Aug. 4
1945,
.totaled 2,128,000 kwh.,.as compared with 2,167,060-kwh. -for the''cdrre¬
sponding week fast year, a decrease of 1.8%.—V. 162,
(closed) mortgage Alk% sinking fund bonds due
June 30, 1960 at 102V2 and interest by Paul H. Davis &
Co., A. C. Allyn & Co., Inc., Sidlo, Simons, Roberts &
4,323,500
profits taxes———
income
oper.
jPr$17,716
Balance Sheet, June 30, 1945
our
<138,080
Electric
first
Prov. for inc. and excess
■.
120,063
Southern Colorado Power Co.—Weekly -Output^
87,993
$207,178
deductions
made in
oil and gas prop., etc.
-1945—6 Mos.i;i4944!'
-
23,030
*'SrthiJf
South Coast Corp.
■■■;
.,
undeveloped
-
$10,^68,408 $69,386,048 $64,999,622
16,588
rev.-
66,250
2,804,789
,
depletion and
depreciation
.
„
&*ser> notes
.hentures
•
oper.
income—
—V.
26,365
68,750.
Assets—Utility plant < < including intangibles aggregating $657,056),
special deposits, $1*991; current assets, $216,815; deferred
Charges, $61,656; total; $7,255,822.
;• *
v"
>
" * ;/ "
Liabilities—6%
cumulative, preferred
stock,
$1,044,400;
common
stock, $750,000; long term debt, $3,072,000; demand note payable to
Federal Water & Gas Corp., $420,288; due to parent company (New
York
Water
Service
Corp.), $533,705; current liabilities, $129,532;
deferred liabilities, $45,095; depreciation reserve, $884,429; other re¬
serves, $2,610; contributions in aid of construction, $119,348; capital
surplus arising from appraisal of property as of April 1, 1930, $563,599; earned deficit, $309,184; total, $7,255,822.—V. 161, p. 2666.
$9,079,655
2,593,473
,
•
Vf't
1944
$522,760
168,501
31,102
;
.
J a jo
7'
Operating revenues— $11,652,870 $10,645,378 $69,265,985 $64,861,542
Operating expenses7,639,084
7,271,091
45,169,803
43;6OO,033
Operating taxes.:-.:.:——*
2,675,116
2,061,715
15,960,496 13,413,794
$6,975,360;
19,359,464
•
,
J
r
1945—Month—1944
revenues—* $11,669,458
Uncollectible
.
I
'
:
•
_
..init... m*'1
income
;; -
$15,718,151 $14,991,053 $30,288,003 $28,439,059
:
debentures
(subordinated), due Nov. 30,
1973,
$2,236,'770;
stock ($1 par), $424,972; capital surplus, $542,883j earned
surplus, $2,011,283; total, $8,893,316.—V. 162, p. 609.
,
capital
"
gen.
etc.-
to banks (raw sugar valued at "'$1:,!^5,130
collateral), $895,000; accounts payable, trade, '.$543^383;
payable, $262,862; provision for Federal ^nd,State
income taxes, current year, $175,000; provision for Federal
^ana^State
income
taxes, prior years, $178,545:
provision for Federal unjust
enrichment
tax,- year 1936, $25,618;
reserve
(Federal noriqkfand
surtax on uncollected Federal benefits and incentive payments'subject
to
tax in year of collection),
$97,000; first (closed) mortgage 57o
sinking fund bonds, due Dec, 31, 1955, $1,500,000 ; 5% cumulative
as
1.500
1945
—
^
1 ;
.
cost,
accounts
.1945—6 Mos.—1944
1945—3.Mos.—1944
$506,628
Sheet, Jan. 31, 1945 ;''
Liabilities—Notes payable
pledged
of
$567,931
earnings
Income
$346,710
*''
hand
on
accrued
Inc.—Earns.—
—1—
——.
Net
$287,044
■
153,000
.i.lUiii
Maintenance.
;
$216,466
'•
;
' '•
at
3,500
,
.
254,000
2,000
Gardner-—
Year Ended June 30—
Taxes
Skelly Oil Co.
of
162, p. 609.
Operating revenues
Operation '■—.———
(
553,486
income
Grubbs, Scott & Co
&
175,187
State
and in banks, $66,645; U. S. certificates of
$20,000; accounts receivable, $882,023;
total
inventories, $2,708,684; planted and growing crops, $229,829; total
investments, at cost, $221,201; post-war refund of excess proilts tax,
•estimated,* $40,767; net property, $4,487,752; total, deferred?charges,
$236,416; total, $8,893,316.
2,000
2,000
■
3.500
^.
117,320
Southern Bell Tel. & Tel. Co.—Earnings—
Inc. '
3,500
__i.
—
$540,398
<««;a4p;i03
$696,774' '■(.•$780,501
96,064 J* M20,873
■
'
239,175
—
Assets—Cash
Herrick. Waddell & Co.,
Signal Oil & Gas Co.—Sells Darwin Properties^-
/ •'
number
Kay, Richards & Co.—
Peitason, Tenenbaum Co._
6,000
South Bay Consolidated Water Co.
/
.
Copper
the
and
$957^850 '
$630,828
7
&
indebtedness,
the
and
$413,577
283,3(97
"
share
J. C. Bradford & Co.——
-
6,000
__
Depreciation
See Anaconda
warrants
$617,705
340,145
Balance
Such underwriters of such preferred
the other underwriters of the
their
•
;
'
Fed.
Net profit
$685,508
—V. 162, p. 609.
)■
each
for
'
-
5,599,772
415,827
.
underwriters
1942
-
I 8,534,993
6,535,182
taxes on income (net)
and
14,000
& Sons—-
Sutro 'St Co
—V.
.
sold
amounted
of
names
1-
Securities Co.
Chicago
105,175
$42,841
(net)—
Gross income
Outstanding
$500,000
2,250,000
100,000 shs.
433,352 shs.
'
^$9,075,391
$215,001
deductions
for
Prov.
i'
K1
v1943
*
$6;013,349
9,706,877
income.'/.——v'-"
Total
Income
Noel & Coi_ 100,000
gen., exps,,
—————w
.' Gross profit;
stock to be purchased by each are as follows:
common
Loewi & Co
Other Income
warrants
The Ohio
First
22,900
1,620
excess
the
for
$2,738,917
1,081,836
profits taxreserve accruals
Fed;
and
&
■
■
Other income
purchase thereunder of shares of the common stock at $15 per share,
the company will credit the $14 per share in excess of the
par value
thereof to paid-in surplus account.
Sierra Pacific Power Co. —Earnings-
General
issued
present offering of common stock. /V./ <•■•'
Upon exercise by the warrant holders of
'
Maintenance
were
purchasable under the warrants.
stock Included Reynolds & Co.
$307,745
$1.32
Net
revenues
warrants
1944
$7,152,887
$9,921,878
selling,
sales,
admin.
were
Prov. for post-war con¬
Operating
Operation
Such
Van Aistyne,
Statement, Years Ended Jan, 81
—
—
of
etc.
100,000 shares of 90-cent cumulative convertible preferred stock which
publicly offered and sold in May, 1945.
The price paid by such
1,070,000
1,740,000
475,000
Cost
Warrants—Company on June 30, 1945, had outstanding warrants
entitling the holders thereof to purchase at $15 per share on or before
the close of business on May 12, 1948, 25,000 shares pf the common
and
prof, taxes & Pa,
exc.
Authorized
Dickson & Co.,- Inc.'"100,000'
Edwards & Sons.L'j." 100,000
Mason, Moran 8s Co.100,000
Stein Bros, & -Boyee
100,000
1945
■■■■■]
.
G,
The First Cleveland Corp. TOO.OOO
Kalman Js Co., Inc..
100,000
175,000
Income
Capitalization Giving Effect to Present Financing
3%% series A notes payable to banks $12,500,000
l V* %. series B notes payable to banks
12,500,000
90-cent cum., conv. pfd. stock (par $15)
100,000 shs.
Common stock (par $1)—
1,000,000 shs.,
$1,487,273
58,956
$2,422,996
16,441
28,175
$1,285,770
7,978
$2,344,047
78,949
$673,135
59,910
income
Funded Debt and
Regulation V-Loan Agreement:
————
other
Purpose—General corporate, purposes.
A.
200.000
J
Net sales
June
F. Hirsch, Inc., for the manufacture and sale; of precision, castings
by the so-called "lost wax" process. 1.
inc.
other
Other income
Total
exps.
R. S.
& Jones, Inc.— 150,000 :
McFawn & Co.—125,000
Cray,
B.
of
amort,
for
Dempsey & Co._—_____L;_$100,00()
;
Inc..,. 350,000
Boettcher & Co
Inc., certain patent applications and processes.
;
30, 1945, Solar Precision Castings, Inc., acquired from
B, F. Hirscb, Inc., a leased plant ^located at 150 and 175 -Varick Street,
New
York City, together with the machinery
and equipment, etc,,
orders on hand and certain other items, and assumed certain forward
commitments of B. F. Hirsch, Inc.
That plant has been operated by
On
Co.—$450,000
Scharff
i
of
tinderwriters and. the prin?«
purchasev.pre as
agreed^to
250,000
Curtis
Castings,
1945—6 Mos.—1944
1945—3* Mos.—1944
i
Sales, less discts., etc.,
Mfg.
cost of
products
Int.
p. 501.
Corp.—Earnings—
Sharon Steel
Period End. June 30—
:
June
&
Simons; Roberts &
Paine, Webber, Jackson &
Precision
.
stock
Davis
Allyn & Co.,
has
•,
Co,
June,
Solar
each
.■
H.
C.
A,
Sldlo,
1945, the company caused the formation of a subsidiary,
Castings, Inc. (Calif.), with an authorized capital
50,000 shares (par $1).
Company now owns 37,500 of such
shares, for which the company paid in cash the sum of $37,500.
The
remaining 12,500 of such shares are owned by B. L. Levinson, in full
payment for which Mr. Levinson has assigned to Solar Precision
share of company's stock was $12.15 on June 30,
Dec. 31, 1944, and $10,378,511
.Paul
.
OA
of bonds ;which
amount
follows:
Dicga Aii'plane Co.
details of history,
company
1945, compared with $10.53 on Dec. 31, 1944, and $10.16 on June 30,,
1944.
Total net assets were $12,875,477 o» June 30, 1945, $10,833,492
•
18
from
Underwriters—The names of the several
cipal
assets, and liabilities of : Solar Aircraft Co., Ltd. (Del.), originally
named Prudden Aircraft Corp. when incorporated in 1928.
The latter
during the first half of
investments sold
on
$173,691
177,787
:>'•
194,098
201,319
realized
$173,546
$181,096
$192,829
tion svirplus
The
offered
History and Business—Company was incorporated in California oh
July *21, .1936, and on Aug. 13, 1936, took over the entire business,
(excl. of gains and
losses on securs.)—
Cash div.■ from distribu-
1945 totaled $255,961.
.The asset value per
Aircraft Co.—Common Stock Offered—An issue
Aug. 2 at $17,625 per share by Reynolds & Co., Alex.
Brown & Sons and The Ohio Co.
L——
'
broxers.
increased
.
Solar
$210,638
.36,947
$223,889
central parts of the United States principally
The number of brokers used by "the company ,hits
in 1938 to 38 in 1945.
Approximately 650 cus¬
tomers, consisting, of jobbers and manufacturers, purchased the com-*
pany's products in 1945, no one of whom Accounted for more'tjftah 5&
of total sales during,the fiscal year ended Jari, ,31, 1945.
Since .1938
the number of customers has varied between a low of approximately
413 in 1939 to a high of approximately 650 in 1945.
through
V
north
and
southern
provision for wage
adjustments : and accrued payrolls,
$580,975.
Capital stock (497,000 shares no par), $2,982,000; consolidated surplus,
Selected American Shares, Inc.—Earnings—
■
holder
of
capital stock was 75 cents per share,
or $3 per year,
The dividend,
THE COMMERCIAL & FINANCIAL CHRONICLE
just
,
,
,
The
equivalent
to $2.27ya cents per share on the new $5 common stock, while earn¬
ings for the first quarter of 1945 were 81'/2 cents per share, compared
with 79 cents for the corresponding period a year ago.—V. 162, p. 174.
Mr.
Hill said
conversion
problem.
Benjamin
R.
Secretary
Ross,
and
unsubscribed
as
follows:
,
which
Treasurer,
that
announces
15%
Merrill, Turben & Co.——
etc.
shares
Sell.,
pioducts
for
1943
1944
$9,815,809
$5,318,015
2,649,940
309,897
8,134,871
733,672
4,185,216
518,846
exp.*
Interest
4,248,919
617,526
•
The
V
Income Statement,
11
.
■■.
"l"233
2~342
3,404
$944,923
$588,899
$1,057,338
•
1945
■
Sales and operating revenue, less returns, allow-
and
ances,
Cost
of
agent's
sales,
Selling
-
12,220
7,441
$6,360,879
I 4,333,993
4,642,169
630,075
598,873
expenses———212,429
215,191
———.————,
administrative
inc.
Taxes on
$5,576,203
engineering expense
6
for
Prov.
profit:
income, '-net—
operating
$399,706
-—J:-
•
650,405
25,000
45,000
H
•
'
ad100,000
$961,000
25,250
——
—
$263,557;
-
:
$250,394
176,750
151,500
$192,779
.
V
Balance Sheet,
..;; 151,500
.
April 30, 1945
made
announcement
an'
July
on
27
1
administrative
the
together
with
the
streamlining,
the
of
names
who
men
head
will
them:
Economics and Management, Leonard Kuvin, ,director; Industrial and;
VHuman > Relations, Jack Wolff, director; -Yarns,; R, C.-Jones, Vice¬
-President.;. Technical; Research,^C.,R. Dolmetscji, assistant director;
\ Fabrics, j Harry Gold,
Vice-President; Controller. „G. T. .' Adams, and
^ Finance, Ft P. Hqff, Secretary and Treasurer.
•. '
■■■';+'■
Of
these
divisions, Yarns,. Fabrics and Finance'represent a re£ alignment
to integrate them with the new organization.
The other
divisions, while they cover activitieswhich have been carried on for
years,
are
for the > first time raised
to major
importance in the
company.—V. 162, p. 610." "
■
■
$92,505
Surplus
56,353
$426,246
275,000
;
(est., net)
post-war
of
purpose
follows,
?
$601,118 < $1,064,779
350,724 ';' '772,000
$904,646
26,539
14,039
$958,962
justsments and contin.
Dividends
Net
Other
4,816
profit.,;—.—^1-
Total
.
discounts——————
operating
expenses
General, and
■
1944
$392,505
income
Other
6 Months Ended June 30
>
,
.assemblies
tail
said Mr-. Bassill,
is to prepare Tubize to improve, its relative position in the rayon
industry during the period "of expansion which lies- ahead.
The newly
organized divisions; which will start functioning immediately, are as
.
$387,689
—
profit——
were
'
,
were
and
executive resources, according to
by J. E. Bassill, President.
v
»
21,650
expense
Gross
them back
big planes
wings
in
».
national Corp, has not yet been
Commission.
from the Army Air Transport Comcompletely rebuilt with new engines,
and other improvements
returned to domestic routes.—V. 162, p. 503.
five
Anticipating rapidly expanding demands fof rayon and rayon fabrics
post-war markets, this corporation has prepared'itself by the crekV' tion of seven administrative divisions Which will mobilize the company's
$5,923,783
loss
security invests
on
Bank
National
The
recently placed in coast-to-coost
Tubize Rayon Corp.—Establishes 7 New Divisions—
1942
;
-
sold—
possible
they
and
Angeles
-A.''"."-'
.:
were
^
$3,348,758
gen. and adm.
Prov.
Adams Express Co.. and American Inter¬
cleared by the Securities and Exchange
The
held by
of
Cost
sequent acquisition, the Joy Manufacturing Co. had acquired, to July
1, 1945, 69,892 shares of the capital stock of Sullivan, making Joy the
largest shareholder in the company.
The proposal of Joy to buy the
before
Los
.
Stratoliners
receiving
The
fortress
of
Houston.
Years Ended Dec. 31-
Apr. 30/45
—
of
passenger
after
flying
Statement
4 Mos. End.
Through the offer made to Sullivan stockholders by Joy Manufactur¬
ing Co. for the purchase of shares, and through some additional sub¬
service
mand.
'''■>yj'"n\'
Comparative Income
sales, less discts.,
•
NationalBank
Commerce
The 38
love
15%
Clark & Co.—
Denburgh & Karr, Inc.
Gross
Merchants
'^'V'
.
10%
VV
63,800
&
of
Name—
Fahey,
if
-
■
Hayden, Miller & Co.——
paid the Pearson family about $1,250,000 for 315,699
shares of the common stock.—V. 161, p. 315.
Co.—Semi-Annual Report—
the percentage of
severally to purchase
Van
this
alty, and the indenture can be modified with the consent of the
mortgagor and 75%" of the principal amount of the notes. "
'
Other banks participating in the loan are the New York Trust
Co.,J|\
The Manufacturers Trust Co,;, The Harris Trust & Savings Bank of
»
Chicago, The Bank of America, San Francisco, The Union Trust Co.
of Pittsburgh, The Commerce Trust Co. of Kansas City. The Farmers
and
agreed
50%
said that Sterling
Machinery
has
fire
post-war
&*:-yy'^;
underwriters
each
and
y
';
McDonald & Co
corporation, which operates a chain of furniture stores, acquired 80%
of the outstanding stock of Pearson Co., Inc., on June 29.
It was
Sullivan
of the
names
shares
boxes
v
substantial
any
/'
-v, ■■■.
Underwriters—The
the
Name—
;
connection
company
are
Sterling, Inc.—Acquisition—
electrical
miscellaneous
and
equipment for naval warships.
does not expect to have
control
$1.60 per year on the new common.
that for the full year of 1944 earnings were
or
containers
capital
to $3.20, per year per share of old
is equivalent
declared
stock,
Monday, August 13, 1945
.
.
Prov.
for Fed.
.Variation in
,
Net
and excess profits taxes
for losses of foreign subs.
carried
per.
———
income
reserve
profit
Earnings'
_
to
264,600
611,200
Crl6,897
surplus
$356,226
$0.96
; i:
—
other
Liabilities—Accounts
$1.91
•
Assets—Cash
in banks
able
(net)^
(net),
subsidiaries
and
branches
post-war' refund
$52,545;
178)
of
(at
cost
prepaid
less
cost
and
in
advances
to
foreign
$613,657;
reserves
$384,530),
profits taxes,
$225,897;
sundry
assets,
(after reserve for depreciation of $4,899,-
excess
fixed assets at
$2,047,264;
„
and
investment
and
expenses
deferred
charges,
$200,000;
ments,
insurance,
shares,
for
reserve
$84,224;
sundry
$1,788,035;
total,
from
Net ry.
railway-
and
wages
W.
ment
93,808
85,870
$1,112,232; earned surplus,
from
Net ry.
1—
1,067,101
55,761
a year ago; mail ton-miles,-5,566,381: as against
4,384,731;
ton-miles, 1,422,222 " as" compared with 935,698, and .revenueplane miles, 9,530,599 .as against 7,012,961.
Proportionate,.gains were
shown for 'the half year.
r
.v ;-,
y
,
.
As of June 30, United had 56 Mainliners and
Cdrgolin'ers' in opera¬
tion with another 10 in the process of.conversion after
military service.
; V 39,147
1,202,117
This
compared with 36 planes in Service
tional. .-equipment,- United
increased., its
593,483
490,995
89,308
385,047
295,185
.
total
pany's
Pacific Coal & Oil Co.
Texas
Period End. June 30—
Gross
operating
Deductions
.
now
basic
are
fare
reductions
generally
lower
632,750
1,365,317
'700,254
Profit from operations
'■
The stock
July 24 at
,
Purpose—To
facturing
offered
was
by
the
;
provide
plant
to
be
funds
for
located
at
the
Gross
of
one-fourth
6.
of
•'
construction
Net
of
a
new
manu¬
Ky., and the purchase of
additional equipment for plant at
Mansfield, O., and to provide addi¬
tional funds available for general corporate
purposes.
.
:
■:
16,549
$1,891,537
397,529
271,452
150,000
209,126
25,000
200,000
$510,736
$884,132
886,541
Net
$938,990
886,541
886,541
886,541
•
.
$0.40
,
$0.58
V-
$1.00-
j.
will
be-outstanding
at
result thereof would be that
hold IV* shares.
such
time
into
for excess profits tax.,—V. 161, p. 2043. '
each holder of
one
half
to
the
issuance
stock split-up is
of
Total
the
shares
offered
now
and
to
Capital stock
"Upon
Total
outstanding
of
the
25,250
126,250
shares
offered,
new
will
company
shares
which, upon the consummation
proposed stock sp.'.it-up, will be changed into
157,812 Vz shares.
VT
Loans—A credit agreement, between the
company
dated as of May 15,
1944, as supplemented, provides
VT
Loans,.
The
aggregate
of
amount
notes
which
have
of
oper.
:
Total
Total
the
company
of
Ohio Valley Foundry Co.
In 1889 the
Mansfield, O., and a few years later its name
to the Eclipse Stove Co,, which engaged in the
manu¬
facture- and sale of coal, wood and
gas ranges.
On Sept. 13,
the partners incorporated the
company in Ohio and under the
of Eclipse Stove
Co., which succeeded to the business of
the
offices
to
Prior
to
27,
The
its
1921,
the
corporate name of
Stove Co.
Company's
Tappan
located
are
at
250
conversion
engaged,
and in
manufacture and
Wayne
to
war
the
post-war
sale
of
St., Mansfield,
production in
period
it
for
partner¬
was
executive
Ohio.
the
to
company
engage,
domestic
use
was
in
ranges,
November,
but
in
1944,
small
the
company
volume
only,
due
has
to
again
been
producing
gas
the
company's continuing
materials and manpower
Such ranges are being produced in a
factory operated in leased prem¬
ises
at Portsmouth,
Ohio, and in the company's Mansfield
plant
During the first four months of 1945, sales of gas
ranges represented
approximately 15% of the company's dollar volume of sales.
The
company's principal
war
products at the present time are
designed for use in military aircraft and consist of Jettison fuel
tanks
food storage units, floor sections, fire wall
bulkhead assembly
units!
water injector and oil tanks, door assemblies and
mess
war
production
and
the
lack
of
available
benches and
The principal product manufactured
during recent months and
scheduled for future production is the
jettison or
tables.
drop fuel tank
use
on
fighter aircraft to increase flying range.
The
has on hand orders for approximately $4,500,000 of such
tanks, the production of which is expected to extend over a
period of
approximately eight months.
designed
comb,
•Loss.—V.
net
$1,851,662
$7,096
162,
p.
for
company
During the war the company has manufactured electric
ranges,
refrigerators (ice and electric) and a combined
range, sink and cup¬
board, such products being designed for use in aircraft and small
boats.
Other products
which were manufactured during
the war
years include aircraft
refueling systems and wing sections, flare con¬
tainers, tent stove grates, incendiary bombs and bomb
bomb
noses,
be
taxes.
common
told
reduced
228,971
.
'Stock
■'■[«■;
,
$2.20
-r '
-
■
,
$2,924,837
•
$1.76
:
■
«
stockholders
that Pet' earnings for the
$1,033,576, equivalent to 61 cents per
$9.92Aper share of preferred, Jarid for the
and
per share
162,
in
a
"show .Cause",
p. 504.
,
order
of. the" Civil
Aeronautics
.
>
■
*,["/ '
(Company "Only)
$438,708
"i502,893
Interest,
$2,403,685
2,098,685
*$163,540
Co.—Earnings—
1945—6 Mos.—1944
Other statutory subs.:.
Other companies
C
30,658
$1,898,973
: 2,062,514
$304,999
•$103,655
$3,541,785
$1.13
V v
:
to
Subs., majority owned
$2,373,026
^
47,312
172,887
inc.- V
$1,814,754
shareivr-^v $1.48
Income' Account
2,284,013
179,910
V1945—12
•-
r
•
<-
s
income
etc.,
f
-
Total
N
211,761
Mos.—1944
income
v494,350.
„
•
154,883
..
taxes^„_
Other, deductions
,
$1,108,558
.350,161
and .State
$974,288
37.970
40.490
20,245
.
$1,171,927
Expenses
Fed.
$894,816
1,101,103 -v 1,543,696
339,875 O, 315;176
f
.•■-
.
$439,080,
/
18 565
101,999
_v
$2,373,764 4 $2,864,644
418,061- .—817,488
111,972
'235,132
119,285
289
99,499.
920,892
*
273,559
152,173.-
•
:
165.167
'
1-
T
'
1
v
'
Tide Water Associated Oil Co.
6 Mo3. Ended June 30—
Net profit
taxes
common share——
S' Net Income
y,'"V-5."'.
1944
$8,982,000
$1.22
1903
-
$6,878,342
$0.90
Dividends
months
aggregated
$3,77;1,995
were
declared
1945.
Dividends on
the
aggregating
ended
June
30,
fund
;■
Balance
$0.80
dividends
and
$1,153,272
on
the
the
preferred
common
-
stock
$2,558,723.
six
crude oil
of
and
petroleum products,
•
transfer
current
of
$4.50
totaled
The
$42,048,000.
'
$1,505,026
100,557
169,248
$1,068,414
.
&
Bal.
of
company's funded debt amounted to $21,250,000 as at June 30,
1945, an instalment of serial notes totaling $3,250,000 and maturing
on Aug.
15, 1949, having been prepaid in April, 1945.
Expenditures for properties and equipment amounted to $13,350,000
during the six months ended June 30, 1945, and $10,100,000 of this
total were expended for acquisition and development of oil-producing
The
G.
335,293
—ui
$1,374,696
$1,335,778
"
1
rT r
11""'
1
1.1
to
11.1
.
«■*■111
$1,470,951
:
158,270
$2,964,255
V 369,789
$3,009,234
$1,629,221
$3,334,044
$3,342,246
:
328,685
,
333,012
669,048
'
$1,300,536
"
--y.
•
V
1945—12 Mos.—1944'
^
$2,664,996
739,468
/"
1,477,890
643,816
$2,698 436
-vv
of util.
applic.
*
fund
745,097
earns,
I.
"
'
188,167
—
G. I.'Co.
U.
''
J
■
$1,709,989
—
other
subs,
.
,
-$9,183,342 $18,659,516 $18,041 366
7,712,391
.15,695,261
15,032!l26
$1,521,822
appropriations
ratio of current assets to current liabilities was
■
income
tSink.
"1
(net)
deductions
Net
30,
1945, and
working assets
1.
to
^
revenues---
income
Income
to a special account for redemption
cumulative convertible . preferred stock,
to $71,492,000 as at June
$29,444,000, resulting in net
oper.
Gross
$21,311,000
old
amounted
assets
liabilities
current
2.43
of
the
of
$405,879
$9,538,022
8,016,200
"
Net
Other income
Net production of crude oil aggre¬
gated 16,456,000 barrels, compared with 14,980,000 barrels produced
during the six months ended June 30, 1944.
shares
,
1945—6 Mos.—1944
.*
together
during the first half of last year.
After
73,147
$555,085
$1,168,971
Combined Earnings (Company and Subsidiary
Companies)
Operating revenues
•Operating expenses-
totaled
with sundry other revenues, totaled $131,259,000 during the six months
ended June 30, 1945, as against similar revenues totaling $116,783,000
of
45,397
—
Period"End. June 30—
stock
■:l
sales
from
Revenues
reserve,
special
etc.—-,
$479,026.
<;
$6,255,584
during
$600,482
Inc. ,appr.op., to
(& Subs.)—Earnings—
1949
.
and
after charges
Earnings per
the
Such
ranges were sold for the most part under the
Tappan name and prior
to 1942 sales thereof constituted
virtually all of the company's sales
In rthat year governmental
limitations were placed upon the
produc¬
tion of gas ranges and the
company's production thereof, with the
exception of a small volume of repair
parts, was suspended on Sent
30, 1942.
During 1942, approximately 50% of the
company's dollar
volume of sales resulted from the sale of
gas ranges and the balance
from the sale of miscellaneous war
products.
Since
2,307,441
$69,231
,
$4,660,866
142,317
Dividends:■' ^..;;''
'
name
company
principal
1942
intends
cooking ranges
gas
the
1918
State
figure, named
^
ranges, under the name
business was moved to
changed
$187,006
—
$5,874,868
124,957 V
United Gas Improvement
$4,657,039
$72,643
Br3,412
4,429
income-
gross
:•
Mos.—1944*
$3,037,754
Period End. June 30-
$4,159,104
199,322
$182,576
.
income-
f-
.•'
year
the
may
History and Business—Company is, in practical effect, the.successor
a
partnership which began business in Bellaire, O., about. 1881
and engaged in the manufactuer of
job castings and coal and wood
Dec.
income-
deductions
Total
com.
Board.—V.
$271,966
211,485
*>per.
<;•'
•
-
••
Regulation
of
On
$394,062 *
non-oper
Total
have been issued pursuant to the credit
agreement.
ship.
'
the
outstanding under such - credit-agreement at any one time is
$750,000 and the notes will bear interest at the rate of 3%
per annum
.until maturity and thereafter at the rate of
5% per annum.
No notes
changed
1,452,263
rev.__
taxes
Total
have
was
expenses.
oper.
and two banks
for
!.
*
1945—12 Mos.—1944
$1,724,852 $20,858,158 $19,597,920
1,452,865
16,699,054-i 14,940,880
$1,846,326
revenues.—
Total net
Total
Outstanding
* 157,812% shs.
(par $5),,—200,000 shs.
sale
oper.
proposed
follows:
as
Authorized;
the
1945—Month—1944
Period End. June 30—
plus
to $1,799,791, equivalent to $1.04 per-share of. common and
of preferred, In- the event thejcompany'.s mail rate
is lowered, as of Jan. 4,-1945, from 60
cents per ton mile to 32 cents,
(Railway and Bus Operations!
Capitalization—The capitalization of the company as adjusted to
give
effect
&
would
share of
•*
Transit Corp.—Earnings—
Third Avenue
The
rail
$6,017,785' $4,889,837
'-v■ ' - :
1,341,000
1,223,000 • 2,476,000
1,965,000
taxes
per
$17.27
157,812 Vz shares.
The
share would thereafter
$2,912,797
$1,898,497
Fed.
Note—Mr. .Patterson
,
which
92,185
income
quarter
$1.06
t
'
Stock
Split-up—A special meeting of
shareholders
will
be
held
31,
1945, to increase the number of authorized
shares from
150,000 shares to 200,000 shares, and to change the
126,250 shares
Statement
$3,239,497
for
Earns,
75,000
.
$358,612
surplus——
24%.
151,379
526,464-:
$3,147,312
Total
income
tax
inc.
class
$8,577,853 $20,007,401 $15,813,468
5,665,056 '14,132,533
11,152,602
7,467,496
ops.
(net)___
income
Prov.
$1,562,898
280,941
from
"^.•♦Exclusive of income
to
•No liability
Aug.
i
22,127; ^
100,220
-
158,145
etc.
depletion,
$10,614,808
revenues
earns,
Other
$1,869,410." $1,546,350
v
$845,081
$938,210
——
Outstanding stock, shs.
Earnings per share*,—*
Murray,
8,147
dry holes,
for Fed.
♦Prov.
$836,934
12,086
income
Deprec.,
share for
one
$926,124
credits-
income
Lease rentals,
etc. l'_—
to the stockholders of record
company
$27 per share at the rate
held.
Rights expired Aug.
each share
Other
to
first
1945—3 Mos.—1944— 1945—6
•Oper. exps. & taxes_^_
-
Harbor
for
1,217,740
gross
income
Net
Tappan Stove Co., Mansfield, O.—Stock offered—
McDonald & Co., Cleveland, and associates, recently
offered, subject to prior rights of stockholders, 25,250
shares of capital stock (par $5) at $27
per share.
End. June 30—
Operating
$2,764,089
Pearl
those
Comparative Income
.
•V Period
$3,234,727
since
than
"
r-.
t
1945—6 Mos.—1944
,
$1,469,684
$1,626,378
income
from
operating
(& Sub.)—Earnings—
1945—3 Mos.—1944
With-the addi¬
..
rates
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. "r:y
ago.-
effective
281,249
Pullman.
>
year
as
Referring to United's plans for.a 4% reduction in air travel fares,
about Sept. 1, Mr. Patterson said this would
bring the com¬
368,615
,
a
operations- to 113,000 miles
compared with 84,000 miles a year earlier.;., Operations since
have- been still further increased
to
more
than 120,000 miles daily
for a- new .company record.;-::
y'■
daily
879,567
1,041,040"
268,539
oper.
,
110,752,894
•
railway—
railway
income—
—V. 162, p. 175.
2339.
p.
from
Gross
Net
v
.high, utilization of its entire .fleet enabled the company to
peak wartime traffic, >vMr,-.Patterson 'said.
Revenue pas-'
for. the second quarter - totaled 146,666,033 as IdgainSt
miles
express
54,969
50,667
,
the
senger
' $134,639
$183,773
74,967
43,565
income—
and
carry
1942'
.1943
$205,469
v
A. Patterson, President, in a report to stockholders'.
\
'
An increasing number of planes allocated to United by the Govern¬
;
.
1944
$201,291
railway
oper.
From January
$20,537; reserve for self$34,183; capital stock
(186,774
161,
from
Net
advance payments on orders,
for post-war adjust¬
capital surplus,
$12,119,895.—V.
salaries,
reserves
contingencies.
reserves,
par), $5,229,680;
no
1945
June—
$58,649;
Gross
Liabilities—Accounts payable, $457,904;
fy-fy-.7*-'
payable, trade, $1,611,663;
>.
.
all-time
records were established by United Air Lines for air
mail and express transportation over its system in the sec¬
ond-quarter and first'half-of 1945, it-was announced on Aug. 7 by
Texas Mexican Ry.—Earnings—
total, $12,119,895.
$1,982,624; accrued liabilities, $1,210,474;
New
passenger,
S, Treasury notes, Tax Series, purchased and held for
payment of taxes, $1,510,009), $294,609; reserve for post-war adjust¬
ments and contingencies, $170,000;
capital stock (par $5), $505,000;
capital surplus, $235,874; earned surplus, $1,389,283; total, $4,52l;674.
—V, 162, p. 503.
at
$4,855,929;
^ United Air Lines, Inc.—Establishes New Records—
deferred-charges,
(est., after U.
on hand,
$1,651,509; U. S. Government
cost, $1,050,000; notes and accounts receiv¬
advances due from sub-contractors, $640,319;
$923,926;
inventories
(net), $551,456;
commissions, $282,752; accrued taxes, $32,493; Federal taxes on income
Balance Sheet, June 30, 1945
securities and tax notes
fixed assets
$258,805;
assets,
$47,387; total, $4,521,674.
$178,543
share
$4,413;
inventories, $1,044,521;
Cr6,426
.:
.
interest,
accrued
U. S. Govt, securities'(at cost), $425,893;
trade accounts receivable
(net),
$957,849;
terminated contracts, $59,252; investments and
$1,172,098;
Assets—Cash,
income
Total
■■
1,452,624
■4
'"'v'';'/;.;:;-.'
U.
$629,599;
—
_
$561,068
$1,187,106
' $1,245,812
V
Co.:
.
properties.
his
In
$4.50
and
:
report,
preferred
retiring
Shares
on
cum.
deducted
above
99,574
-■99,574
149,398
733,2l9
165,289
669,478
1,478,948
1,890,355
$1,462,392
$1,330,120
$2,815,452
$3,301 456
••
,
of
the. former
$4.50
preferred
stock
not
Other
Expenses,
taxes, .etc.,
deductions :
^
In
to
requirements.—V. 162, p. 53.
income
Total
so
this refinancing the company employed surplus cash
$21,311,000 and reduced its preferred stock issue from
500,00d shares of $4.50 stock to 300,000 shares of $3,75 stock, with
resulting reduction of $1,125,000 in annual preferred stock dividend
amounting
divs.
pfd. stocks of subs,
applic. to U. G. I. Co.
"•
Mr. Humphrey also reviews the recent exchange - of
stock for $3.75 preferred stock and the redemption
of
exchanged.
Deferred
.V
"
/
..
616,842
'
702,679
.
1,305,356
'1,528,866
:
Bal. applic. to cap. stk.
: $845,550
$627,441
$1,510,102
$1,772,596
•Includes maintenance, provision for
depreciation, renewals an"d' re'placements, and provision for- taxes,
tlncludes dividends on
stocks and other prior
Transcontinental & Western Air, Inc.—Bank Loan—
"
.
—V.
162,
P.
504.
•
preferred
deductions, and minority and former interests
v ;
:
.
-
Jack
Frye,
President,
on
Aug.
2
announced
that
the
corporation
has financed its fleet of four-engine
Stratoliaers, recently placed In
service, through a $1,700,000 loan secured by a chattel mortgage. The
loan has been negotiated with a group of nine banks headed,
by Com¬
mercial
The
National
loan
quarterly
the
five
value
of
Bank
matures in
&
Trust
five
Co.
years
of
with
New
York.
principal
installments; and the interest rate
years.
The loan is based on 85%
the
collateral.
It
may be
"
•
payable in. 20
averages
under
equal
2%
for
of the net depreciated
prepaid at any time without pen-
United Biscuit Co. of
K.
board
F.
America—Directorate Dbubled-4.
Mac
of
increased
Lellari, President, announced at
directors, held last week, that the
from
10
to
20,, and
that
a
additional
special
board
meeting of "the
of
directors
to complete full
directors
were
was
elected
membership of, the board.
Th<i present, directors of the
company are, A/ P. Strietmann, Chairman ' of the board
(President
Strietmann Biscuit Co.,
Cincinnati, Ohio), K. F. Mac Lellan, President
>
!
>
■
Volume 162
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4411
-
(Also President of Sawyer Biscuit Co., Chicago, 111.),
W. H. Arm-,
trong, Secretary-fTreasurer; William E. Bettridge (President Lakeside
itcuit Co.',.'Toledo, Ohio),. Henry S. Bowers * (Goldman, Sachs & Co., .
the
in
Dec.
respective reports amounted to $125.40 per priority
1944, and to $121.88 at June 30, 1944.
at
share
in fluid
milk
31,
Statement
Income
Six
for
Months
June
Ended
is
80
C. Bowman
_
16,. 1945>
;t
-
-
Whey Powder—Company
residual
a
Earnings for Six Months Ended June 30
;
profit
product
eral
,
Fed-
before
inc.-and-excess
profits
Net
1
"profit
•Earn,
__L_—_
taxes
per-
•Based
468,283
on
$579,234
'
-V.
shares
common
$1.08
161.
dividend
priority
$56,755;
surplus,
Victor Chemical Works
2043.
p.
3 Mos. End. June 30—
1945—3 Mos.—1944
",
1945—6 Mos.—1944
;
\
•And
,
k\1' 1
$437,902
$492,405
$0.31
$0.35
incl. Fed. income ar.dr
,
profit
after
all
chgs., incl. Fed. taxes
tEarnings per share
'
$940,350 $1,033,842 *
•Earns, per com. share
$0.67
$0.74.
.♦On the 1.400,560 outstanding shares of common stock and after de¬
ducting dividends paid on preferred stock of United-Rexall Drug Co.,
(tailed for payment July 2, 1945), principal subsidiary.
.
.
; VV.
; ;
Not©—The provision for Federal income and excess, profits taxes was;
$3,124,390 for the six months ended June 30, 1945, compared with
4.194,919 in the corresponding period-last year.—V. 162, p. 54.
profits
.excess
taxes
sales
outstanding.—V.
stock
Period End. June 30—
v
Operating
Operating
goods sold___
Federal
Other
420,004
595,421
426,079
1,108,662
$497,158
$2,045,376
•
$1,070,069
40,313
54,178
94,729
ret.
$1,110,382
$551,337
$2,140,105
$1,092,747
Depreciation and amort.
Int., etc., income chgs._
194.004
54,543
95,154
and
income
Prov.
inc.
.
,
.
,
74,271
185,828
normal
73,866
40,500
$149,018
$95,477
$280,476
$0.37
$1.15
'
June 30,
'45 Dec. 31, '44
$910,967
$1,063,074
Instalment accounts receivable—801,967
Other accounts receivable..-___
1,707,794
Inventories
4,081,285
Balances relating directly to
emergency Govt.
—
-
—
Mant
3,303,282
.
at costi_—T___—i—_____
178,000claims—105,985
refund
105,985
etc.—--'—21,922
1,454,078
and deferred charges
_———
310,589
nominal value..
etc.———————
goodwill,,
Patents,
subs.,
European
in
Invest,
Total
1,764,887
food
1.256.04G
1,222,490
income
1,089,019
and
$304,353
$3,828,776
$3,723,849
2,984
52,374
44,672
$307,337
84,250
$3,881,150
1,233,669
$3,768,521
919,616
_
5-Va % ' cumulative
622,518
•
-V
.
$1,097,049
1,685,932
147,392
6,959
,
185,000
245,000
,,
1,031.450 :
1,046,450
1,095,082
1,095,082
1,427,936
2,500,834
2,336,330
V'!-'•
"'I
Net
Net
—
sales...—
of
gen.
credits
Income
r•
&
v
income
1944
$11,533,649 $10,479,769
vv.
v
;
r
1943
'$8,155,638
10,056,750
8,853,037
6,863,918
714,229
—
& administrative
operating
K
•
1945
'
sales—..
Selling,
-
Chemicals, Inc.—Earnings—
3 Months Ended June 30—
Cost
milk
crude
form
refined
of
drugs,
which penicillin is produced,
types of prepared infant foods.
represent
the
most
sugar,
principally in- the
in the growth of
in
and
the
principal
hum'an
produced for
the
been
past
certain
had
:
-
of
its
for
use
use
produced for use in "
are
*
in poultry
in mixed
feeds
produced
by the
However, as
plants.
feed.
poultry. '
for
result
'
,
limited
in
company
a
of
wartime
skimmilk, from which casein is derived, has more
greater value as a product for human consumption
has produced no casein since the fiscal year ended
a
ccmpany
31
1943.
•
^
674,735'
750,316
exps.
!
—
——
V
; $762,670
$541,404
$951,997
192,466
332,536
208,422
$955,136
;_
$1,284,533
$749,826
1943
$8,260,819
$5,930,70i
7,076,918
4,578,030
820,712
6,186,652
563,692
$428,560
$1,510,475
$946,430
154,899
121,602
68,437
$583,460
$1,632,077
$1,014,867
99,992
18,484
100,350
31,08$
111,000
155,703
1,043,243
559,464
$216,765
$470,000
12,908
$325446
34,795
and admin,
gen.
1944
$8,326,190
26,238
sales, less discounts, etc
Selling,
Other
$2,548,904
622,518
$1,926,386
103,200
103,200
expenses—
profit-
income
;
Income
deductions
Federal income tax___;
504.
revenues
Operating
expenses
2,711,647
405,776
excess
profits tax
(net)___
569,000
569,000
2,350,000
2,837,619
Fed,
income
354,000
$642,452
$782,778
Dr4,033
$2,249,201
Dr3,987
$2,533,399
Drl8,227
$641,045
$778,745
$2,515,172
(est.)_
Operatirfg income
Non-operating loss
1
___
432,577
464,359
$2,245,214
1,772,927
$208,468
income
Gross
$314,386
$472,287
deductions
Income
income
Net
Sales
of
406,241
99,169
Sales
of
Cubic
feet
161,
Liabilities—Notes
payable to banks, $400,000; trade accounts pay»
accruals, $383,955; preferred dividends payable, $7,602;,.
deferred notes payable due within one year, $116,909;
installment notes payable, $620,000; reserves, $259,827; 7%
preferred
stock ($100 par), $434,400; common stock ($100
par), $543,500; paid-in
surplus,
$221,264;
earned
surplus,
$1,415,960;
total,
$4,972,455.—
able, $569,038;
1,895,084
$620,088
162,
1924,
Warren
1,866,417,400 7,304,314,800 6,708,028,200
1,780,942,100
____
p.
«
The
-
Period End. July 31—
Sales
290.
p.
ter &
Co.
i
M
first
conv.
cum.
Offered—Dean Wit¬
in
preferred
in
whole
dividends.
stock
is
redeemable
30
upon
by
to
Cambridge,
Hall, President of the
C.
B.
16
feet wide,
will
main
the
be
stock
($100
U.
S.
•
-
proposes
corporate
to use
$1,148,354
purposes,
to
a
population of 80,000, and Santa Cruz has a popula-.
;LV>
L,,' VV'L;'5
and design are being done by personnel supplied
■
Administration.
Roads
Public
to
the
Bolivian
Government.
immediately
and it is expected
years.—v., 162, p. 290.
the
The
and
road will be
be
partly
which is extend!
is
to
begin-
completed
in
about
Western New York Water Co.—Earnings—
1945
1944
1,100,540
386,196
Maintenance
367,657
66,964
—:
50,649
84,751
Taxes
84,672
291,198/
288,130
■
for
Net
June 1, 1945, the articles of incorporation were
increase the authorized .number of shares of common
stock from .7,500 shares (par $100) to 500,000 shares (par $2.50) and
•
$1,102,713
revenues
Depreciation
;';:v-y
-V
;;
will
Construction
Year Ended June 30—
the imme¬
cumulative
capital
working
its
•
work
'V—-V
.
Operating
the
augment
y.L
y
will be asphalt
transportation
by the Export-Import Bank of Washington,
loan
a
3V2
entire amount outstanding.
the balance of the net proceeds amounting
being
par),
j
buildingr
which
was
Conn., and
$9,500,000' road
Bros.,
S.
A.,
Co.,
Hartford,
Operation
approximately
other
a
Mass.,
engineering
the
ing
days'
Purpose—Of the net proceeds $451,776 are to be applied to
diate redemption and cancellation of 4,344 shares of the 7%
Company
Co.,
Contract—
Bolivian
awarded
recently announced.
highway, 250 miles long and
It
financed
„
preferred
Gets
has
concern,
of 30,000.
The
in
or
Brothers
new
Bolivia, with
tion
preferred
notice at any
part at the option -of the company at 108 per
share if redeemed on or before July 1, 1948, 107 if redeemed after
July 1, 1948, and prior to July 1, 1951, 106 if redeemed after July 1,
1951, and prior to July 1, 1954, 105 if redeemed after July 1, 1954,
and prior to July 1, 1957, 104 if redeemed after July 1, 1957, plus
time
:*
artery between Cachabamba and Santa Cruz, two rich agricultural districts which hitherto'
have been linked only by air.
Cachabamba is the second largest city
stock (par $100) and
50,000 shares of common stock (par $2.50).
The pre¬
ferred stock was offered at $104 per share and dividend
and the common at $13.50 per share.
5%
Bolivia
Compania
McGraw-Warren
organized by F. H. McGraw &
surfaced.
July 30 offered 10,000 shares of series A
on
of
to
Bolivian
The
Co.—Unit
Bros.
Republic
jointly
1945—7 Mos.—1944
$9,868,875 $66,041,927 $67,139,212
'1945—Month—1944
$10,061,483
162,
;.
611.
p.
-
contract
—V.
s
installments of
V.
gas:
-
.
,
341,985,871
374,403,786
87,359,787
89,046,043
Sheet, March 31, 1945
12,908
Assets—Cash on hand and demand deposits, $342,058; trade accounts
receivable,
$306,525;
miscellaneous
accounts
receivable,
$2,872;
product inventories, $1,224,902; operating supplies and other prepay-i
ments,
$233,597;
marketable
securities,
$183,955;
plant
properties
(net),; $2,434,191; other assets, $244,355; total, $4,972,455.
electricity:
Kilowatt-hours
dividends,
dividends; (cash)
Balance
2,727,079
230,000
—
tax
Common
2,226,000
753,748
Preferred
Fed.
than
income
:
Surplus
$5,068,746 $21,104,569 $19,165,723
2,631,821
11,446,046
10,260,011
'1,189,234
331,399
1,867,703
Dr 1,407
:
other
Taxes,
1945—12 Mos.—1944
1945—3 Mos.—1944
$5,160,677
~r
—
831,802
Depreciation
i__—
2153.
V
p.
Western Condensing Co.—Stocks
6,959
'
S. Industrial
U.
$250,098'
$2,024,963
162.
—V.
$14,626,658 $13,901,374
*.."...
•.
a
300,000
_____-
$2,647,481
1
.
3,926,863 :".4,873,245
Total
H
in
manufacture
1945
$2,848,904
$2,647,481
______
__.
Operating
'*"•*"
surplus
161, p.
,
animal
or
of
_________
" $223,087
The
—V.
used
the
from
is
in
in
shortages,
Warren
L__;
par)
surplus
Earned
,
2,172,514
and adjustments
preferred stock.!"
conting.
convertible
($5
human
Westchester Lighting Co.—Earnings-^
1
—J)—_—1,427,259
stock
Common
.Capital
for
materials
all Ribolac being produced is used by the
The fortified products are sold as
buttermilk is produced
the
Gross
Walgreen Co.—July Sales Increased 1.9%—
emergency
—
for post-war
Reserve
100
Underwriters—Dean Witter & Co., San Francisco 6, Calif.
,
Govt.
—!—l
to
332,081
$1,100,000
932,432
—....——________L—_t._l.-_
credits
$223,087
$250,098
reservations
applicable to preferred stock for period—
r-V.
1,585,716
———'li: 188,265
taxes...
directly
relating
"contracts
Deferred
and
product.
has
recently
1,088,391
$14,626,658 $13,901,374
—
<
normal
18,719
V
1
'
,* L
"
}
L- , . ' '',
payable, banks———
__L_
Accounts payable and
accrued accounts—,J—
Income and. excess profits taxes estimated.".—
Liabilities?—.
Balances
Casein
quantities
1,773,980
.Balance
28,070
1
at
Notes
Federal
also
company
Riboflavin is produced in natural and synthetic
of drugs and chemicals.
' ...'
certain
skimmilk
90,308
73,000
,
33,775)
contracts,
leases,
178,000
„
64,500
• at
cost_d^;^i__c—— v>
incl. expense funds—;—
receivable,
on
4,996,725
( 4,803,687,
—
property
Prepaid
f
608,125
1,760,699
•
.
.
•
•
.
income
Maintenance
Sheet
Assets*-^,
Deposits
Dried
83,057
Period End. June 30—
Consolidated Balance
employees,
powder
protein,
the
whey or "Enriched" whey solids and are.
specified minimum content of riboflavin, per
Total
v
$0.74
.
-
tax
other
whey and condensed whey solids
livestock feed.
Operating
$191,870
$0.61
from
by
content of from 50 to
Sugar—Company produces
mold
of
Condensed
$333,155
Balance
81,000.
60,000
ihdoftne' L___—_L
Due
Whey
grade
sold
is
Concentrated skimmilk is produced for further
processing as a
Federal
Net
Mortgages
whey
powder.
a
foregoing
consumption
of
108,196
—
income
Divs.
"
Earnings per com. share
Federal
Net
190,337
30,000
contracts
Sundry investments,
other unidentified vitamin
as
flavin
a
Cost of gcods sold—
368,394
1,170,175.
adjustments
L"
,
whey,
products manufactured, ;
company produces limited quantities of certain other products.
•;
26,312
income
Gross
net
187,280
;
105,857
138,996
94,960
,608,545
J
5
and
.
contain
Milk
or
the
136,780
(net)____
Interest
Miscell.
$984,608
384,601
39,417
tax—
profits tax
—
for post-war con-
,
ting
Cash
to
penicillium
March
income
fluid
various producers
While
$306,843
:
.
Substantially
manufacture
90,858
approp.
revenues
various
of
which
is
ultimately
pharmaceutical field in
■
109,063
res.
oper.
with
whey powder.
by
Lactose
1945—12 Mos.—1944
108,139
______
other
terest
Gross
Federal
gram of
form
185,686
taxes
taxes
Net
7818,130 J
*
Excess
guaranteed
$1,061,610 $13,510,904 $12,993,069
5,192,824
421,973
5,563,711
$1,112,454
—
Dried
Ribolac has
whey.
blended
Condensed
>1945—Month—-1944
-
revenues
expenses
from
sugar
"Peebles Lacto-G."
company to fortify whey
either
"Enriched"
dried
$248,232
$0.33
$0.29
750,000 shares
types of whey pow¬
whey is a whey
Dried whey solids,
pounds of dry product, or 50 to 100 times the normal
of whey powder.
Ribolac can be further refined or
consumption.
the
$219,228
tOn
whey
States
Earnings for Years Ended March 31, 1945
Profit from operations
.
$0.30
profits tax,
161, p. 2043.
or
poultry and
Machinery Corp. (& Subs.)-—
1945—3 Mos.—1944
1945—6 Mos.—1944 '
$8,653,403 L $4,165,380 $17,043,518 $8,347,561v
6,987,913 - 3,242,143
13,889,479
6,544,823 '
-
Sell., adm. & gen. exps.
-
$223,250
$0.36
excess
content
..
Period End. June 30—
Cost of
$272,923
for
reserve
of
100
per
mixed
1942
1943
milk
of
well
as
minerals.
the trade name
grams
Washington Water Power Co. (& Sub.)—Earnings—
Other
EamingSr-rNet
after
capital
Prop.
United States Hoffman
1944
general
two
extraction
of riboflavin
milk
and
flavin
(& Subs.)- -Earnings—
1945
Fluid
United
Ribolac—A
riboflavin
concentrate
produced by the company and
known by the registered trade-mark VRibolac," is derived from the
162,
;
produces
the
in
sources
fermentation
$1),
V,
milk.
of the
readily available, from other sources.
high percentage of lactalbumin, a high
a
sugar
under
♦Net
Subs.)—Earnings— v
United Drug, Inc. (&
'Period End. June 30—
Net prof, after all chgs.
milk
$70,014; common stock (par
unrealized appreciation (net) of
stock (par
$7,734,386;
general market securities owned, $1,768,481; total, $9,642,373.—V.
p; 176.
• V-';
•
v;'-L;
$491,973
$0.92
$566,403
$1.10.
$718,780
$1.40
—
share-
com
967,512
2,002,976
2,235,000
2,885,719
$5.50
10c),
L
'
not
contains
$8,462,779; investment in security of associated company
(American Foundry Equipment Co.), $876,695; total, $9,642,373.
Liabilities—Accounts payable, accrued expenses and taxes, $12,737;
$1,459,485
$2,569,379
$2,814,234
$3,604,499
taxes
Federal
factors
quotations,
v
whole
in
sections
most
.
best natural
banks,, $283,106; accounts and dividends receivable
accrued, $19,793; general market securities, at market
interest
and
" ,1942
1943
1944
1945
,6 Mos. End.'June 30—
Net
in
contain a minimum of 56% milk sugar.
Whey powder is used as an
ingredient in mixed feeds for poultry and livestock, as it is one of the
in
Assets—Cash
large quantities
der; dried whey and dried whey solids.
Dried
powder containing a minimum of 65% milk sugar.
—
.
July
the vitamins contained
and
in
extensive
dairying operations are carried on.
Company is engaged in and intends to continue to be engaged
principally in the processing of fluid whey for the production and
sale of the following products:
'
—
whey include substantial amounts of milk sugar, milk minerals,
proteins
available
where
(President Merchants Biscuit Co., Den¬
1945
1944
1943
1942
ver, Colo.), T. M. Davis (Vice-President and General Manager Pelber ■
Income—Cash
div.
on
Biscuit Co., Columbus, Ohio), John Hekman (President Hekman Biscuit ,.;
stocks ——
$114,366
$115,562
$122,332
$138,351
Co., Grand Rapids, Mich.), John Y. Huber, Jr.
(President KeeblerInt.
earned
on
bonds.
11,432
6,686
10,951
22,605
Weyl Baking .Co., Philadelphia, Penna.K J. J- Larkin (President Man- r
Chester Biscuit Co,; Sioux Falls, S. D.), T. M. Manchester (President :
Total
$125,798
$160,956
$122,248
$133,283
Union Biscuit Co., St. Louis, Mo.), E. J. Mulholland (Executive Vice-V
-32,017
27,283
19,982
24,990
Management expensesPresident-Chicago Carton Co., Chicago, 111.), L. P. Reed: (President
3,095
3,272
3,524
Corporate expenses
3,244'
Merchants Biscuit Co.,; Omaha, Neb.);' vR. R. Richardson
(President
4,244
2,307
2,936
Sundry taxes
1,682
Chicago Carton Co.,'Chicago, 111.), O. B. Skadland (President Man¬
600
L
Prov. for Fed. inc. taxes
4,100
3,100
chester Biscuit Co., Fargo, N. D.), G.;H. Strietmann
(Vice-President
and General Manager Strietmann Biscuit Co., Cincinnati, Ohio), H. R.
•Excess of
inc.
over
Templeton (President Ontario Biscuit Co., N. Y.), V. A. Tracy (Presi-/
expense
$88,378
$85,657
$102,766
$129,105
dent Purity Biscuit Co., Salt Lake City, Utah), A. J. Walsh (President
Div. on $5.50 diy. prior¬
Colonial
Biscuit
Co.', Pittsburgh, Pehna.), "and A. J. Zimmermann
74,014
87,768
88,830 V
91,518
ity stock
—;—.—
President Quality Biscuit Co., Milwaukee, Wise.).
.'•Without giving effect to results of security transactions.
.All of the directors, except Mr. Bowers, have been actively engaged
.The
net
profit on sale, of securities for the six months ended
Id the management of the company for many years.
June 30, 1945, was $21,101.
,Mr, Mac Lellan also announced the death of C. A. Bowman, direc¬
tor and President of Merchants Biscuit Division,-Denver, Colorado, on t
Balance Sheet June 30, 1945
York City)', J.
New
719
earnings
$276,671
—
Other income
|
1
'
n,
i
1
f,
$306,364
1,613
___;
1,036
Capitalization—On
income
Gross
Income
Prov.
LI.
charges
for
______
—
__
Federal
13,997
12,913
461,000
on
income.
L
840,000
...
taxes
■
18,915
306,983
amended
(i)
thereafter each
Cap.
stock
Earnings
—
$475,139
outstand.
(no
shs.)
par
$431,620
$423,928
436,836
i_
376,830
$1.15
376,836
$1.12
share
per
•Depreciation
$1.09
and
amortization
charges
the
for
three
months
ended
J(une 30, 1945 and 1944, aggregated $254,568 ' and $242,867. respec¬
tively.
While the effect of the possible renegotiation of war contracts
upon
the company's income for the 1945! and 1944 periods is not.
presently determinable, the management is of the opinion that it will
not
be
material.—V.
162,
611.
p.
s
;
-
"
■
.
Five-year
.
to
able
Universal
Laboratories, Inc.
6 Months Ended June 30—
•
.
.
'
Fed. .income
(& Subs.)—Earnings—
1944'
1945
1943
excess
profits
$212,970
$172,026
30,300
105,000
73,500
$107,970
$98,526
$0.08
taxes
$72,182
$41,882
&
$0.35
$0.35
•
profit
-V.
/
161,
p.
common
share_____.
2154.
Utility Equities Corp.—Semi-Annual Report—
The
report
of
the
1945,
shows
net
ehare
of
$5.50
corporation
assets
as
for
of
dividend
the
six
months
ended
June
30.
installment
notes,
first
and
as
result
of
60,000
.
:
was
10,000 shs.
500,000 shs.
the
268,000 shs.
incorporated April 1, 1937, in
of two predecessor com¬
consolidation
Condensing Co., incorporated in 1918, and Pacific
Auxiliary Co., incorporated in 1927 as a partly owned subsidiary of
Western Condensing Co.
The chief raw material used by the company, all of which is pur¬
panies—Western
the
from
outside
manufacture
of
sources,
cheese
is
or
fluid whey,
casein.
In
a
the
by-product produced
manufacture
of
in
cheese
the whey which remains after the precipitation of the
by'either an acid or an enzyme and the removal of fat
separators, is a solution which contains approximately 45 5J>.
and.casein,
other
solids
by cream
to 55%
of the solids contained
in
whole
milk.
The
solids so
special
reserve
$114,240
$148,405
114,240
148,405
•158,995
reserve
■_!»••
•.
Balance Sheet, June 30,
plant, $7,933,617; special
U. S. Treasury certificates
cash, $148,221;
$100,000; accounts receivable
1945
deposits,
etc., $306,193;
of indebtedness, at, cost,,
(less reserve of $6,652), $69,012; accrued
utility revenues, $21,200;
materials and
supplies, $47,713;
prepaid
taxes, insurance, etc., $8,169; deferred charges, $726; total, $8,634,851?
Liabilities—$5 non-cumulative participating preferred stock, $206,-1
common
stock, $1,000,000; long term debt, $4,400,000; accounts
payable, $27,981; customers' deposits and accrued-interest thereon,
$33,657; general taxes, $47,223; Federal income tax, $154,666; interest,
on
long term debt, $68,750; miscellaneous current liabilities, $4,986)
deferred liabilities, $236,104; depreciation reserves, $1,503,644; special
reserves, (representing appropriated net income for acquisition of new
utility plant or of bonds or notes), $288,503; other reserves, $3,068)
contributions in aid of construction, $316,061; surplus, $344,075; total,
$8,634,851.—V. 161, p. 2491.
133;
15,000 shs.
Business—Company
a
>
pre-
(par $100)
Common stock (par $2.50)
California,
>
4,183
60,000
.
convertible
cumulative
special
to
4,
'
,
42,550
to
approp.
'
v,,
Golden
to
before
Assets—Utility
$640,000
pay-
bank
-ferred* stock
chased
that
date
equivalent to $137.54 per
priority stock, and after deducting pref«rence
in voluntary liquidation of $110 -per share and accumulated
dividends $0.16 per share of common stock.
The net assets as shown
the
5%
notes,
History
Net
Earnings per
Outstanding
income
Appropriation
.•
$840,000
payable
State Co.y Ltd.—
5%
payable to
L
bank
Deferred
Profit after charges but before taxes *
Authorized
-
agreement, 4%'notes,
deductions
$307,400
i-r—f
Net
ing, is as follows:
Loan
.
$278,284
164,044
common
stock (par $2.50) ;
common
!
income
Income
stock (par $100) became
and (ii) to authorize
the issuance of 15,000 shares of cumulative convertible first preferred
stock, issuable in series, 10,000 shares thereof being designated as
series A 5%
cumulative convertible first preferred stock.
;;
The capitalization, as adjusted to give effect to the present financ¬
outstanding share of
40 shares of authorized
Net- income
Total
to
retained
Westinghouse Electric Corp.—Subsidiary
Expands—;
Electric Supply Co. has purchased the Bangert
Co., of Jamaica and Hempstead, Long Island, N. Y., it was
announced
on
Aug.
1 by David M. Salisbury, Vice-President
and
General Manager.
The organization will be operated. as the Long
Island division of the Eastern district of Westinghouse, Mr. Salisbury
The
Westinghouse
Electric
said.—V.
162,
p.
505.
—V. 161,
;
1945—3
—t-
to
$63,029,265 ;
$41,883,292 $31,527,873 $77,067,563
2,483,601
1,517,534
.
3,167,913
538,284
162,518
516,068
273.115
contingent
140,699
has
260,165
89,122
68,653
$4.50
Gross
207,349
$7,717,123
400,685
$2,67T,286
$8,117,808
$5,168,969
304,531
v
'
289,615
2.096,187
•
—•—
__
in
preferred
Share
—
inch
charges,
discount; on-bonds—
•
for- Fed-
.
taxes
income-1
profits
•
•
583,353
729,000
faxes-; (est.).^-_
v*
t
1,520,000
664,000
-
-
"
Net profit;- for periodEarnings per. com. share
$1,068:671
$1,131,710
...
$1.19
1945.
...
Note—Net
June 30.
profits
'y;
quarter- and
for
-
May
the
six
months
-
;; i'W:
ending
the. result-;of charging to income,; rather -than
as
;
Mr.
wire
Bussman
is
also
Vice-President
Spencer Steeh Co.; with which
various
sales
Manager.
.Mr.
in
he
and administrative
with
wire Spencer subsidiary.—V.
Wilcox Oil
profit
Common
charges
Upon,
the
611.
*•
very
the $100 per
and the initial
addition,
In
1944
$173,623
$160,418
$145,522
281,008
282,200
$0.57
$0.52
program
by
of Income for the six months ended June 30, 1945,
operating income, $2,526,363; cost .of sales and service,
selling,, general and
administrative expenses,
$123,431)".
the
U.
representative of the country in general,, show improvement on nearly
all points* the total sales
bping up 3% over the same month last
whereas in March they
year
were
The advices further
down 1%."
I
"The- biggest gain in total sales was 9% for Cleveland, and the
next was 7% for the Pacific Coast
That for New York City was 4%,
and that for Chicago, 1% against a decrease of 3% last month. Wash¬
ington showed the only decrease in total business,
Detroit merely maintained its level of a year ago.
one
of 1%, while
-
"Room sales have not yet shown any minus
signs anywhere, but
again, as in March, there is one zero signifying no change, this one
for Philadelphia.
The largest improvement over last April was 7%
for Texas, while Cleveland and the Pacific Coast pushed up 5% each.
In New York City, room business was up 4% over a year ago and in
Chicago 2%.
"The average occupancy for the whole country was 89%, 1 point
higher than in the same month last year, but 1 point lower than in
the preceding month.
Detroit had the highest occupancy in the
country, 95%, while three registered 93% — New York City, the
Pacific Coast and Texas.
The only decline in average room rate was
1% for Philadelphia* while the sharpest rise was 8% for Texas.
"Total restaurant sales in April were up 3% over last year com¬
pared with 1% in March, the increase in food sales being 7% com¬
pared with 4% last month and the decrease in beverage sales, 4%
compared with 6%.
S.
Only
Pacific Coast."'
one
of
cities and
our
1945, COMPARED WITH APRIL,
-Sales, Increase
or
York
City.
Chicago
Philadelphia
+
...
4*
4%
+
2
0
3
'
Food
+
49
t
8%
0
+
+
Beverages
2%.
1
7
—
—
+ 11
■—
2
0
—.
Texas
others
Total
Year to date..
85
85
3
+
5
+
9-
+ 10
5
7
+
2
+
7
3
+
3
+
7
—
5
+
3%
+
7%
—4%
3
+
3
■f
3%
+3%
+
3%
+
4%
„
+4%
TOTALS
MONTHLY
3%
FOR
+3%
+
1
7%
+
3%
87
+
+
•
Deer.
+
91
+
0
—
or
91
7
+
—
—
92%
88
+-
——:—
Pacific Coast
2
+ 13
1944
91
5
3
Increase
Apr,
92
2
+11
Rate
93%
8
+
+
+
Detroit
Apr
1945
6
1
9
—
tRoom
1944
Occupancy
+
—
Washington
sections
.
Decrease-
Rooms Restaurant
4%
+
1
Cleveland
All
.
our
Cleveland and the
;Vv
Total
♦Total
New
of
one
:l "V./'
:
APRIL,
—10
95
94
5
93
93
94
87
85
89%
88%
+-
—
4%
89%
<
+
2%
88%
+
3%
88%
+
2%
LAST, SIX. MONTHS
+
7%
—4%
89%
+
3%
+
-f
1
+
4
+1
+
4
—
6
90
88
+
2
February
+
1
+
2
+1
+
4
—
5
88
88
+
2
1945
♦Rooms
average
9
;
+ 14+1
90
87
+
4
+
Deeember,
1944.
and
8
+
7
+
+
9
+
7
+10
+ 14
+5
83
81
+
4
-b
January
November
9
+
5
+12
+ 14
+8
88
86
+
3
restaurant
only.
fThe term
"rates"
wherever
sales per occupied room and not to scheduled rates.
used
refers
steel
duction Board issued on June 18.
This
expansion program cost
$2,584,944,018, which was borne
almost
equally by Government
and private industry as indicated
by expenditures of $1,311,742,652
and
$1,273,201,366,
respectively,
report says.
15,000,000-ton expansion is
almost equal to the entire steelmaking facilities in the British
The
Isles, WPB pointed out.
expansion program, virtu¬
The
ally completed, except for a
deferred electric furnaces,
the entire range
few
covered
of steel producing
facilities. These facilities included
hearth and electric furnaces
and alloy steel
respectively, blast furnaces to pro¬
duce pig iron, coke to feed into
open
for making carbon
tended
all
creasing
the
iron
way
ore
also
back
ex¬
to in¬
production.
contributed
than 3,000 projects to the
Private
more
and
furnaces
blast
to
the
3,028,083 V
;
N,-. J.,
President
subsidiary,
a
«,
-
.
v-->';
Vice-President • of
Executive
named
pavers.
Ten
G.
y'\.
v.^
■
Ramsey;
been
road
J.
:
-
v
.v-*':.
'•
this
which
manufactures
T
-,
i
■
corporation, v,
;
the ' Ransome- vMachinery
of
Co-.,;
mtxers
concrete
-
v
of duty with
the United States Navy and who-was formerly President of the indus¬
trial engineering firm of Ten Eyck, Inc., has been made Vice-President
and'General Manager of the Dunellen plant.
.
; '
V .-v .
New
directors
of
the Ransohie'- company
are -Mr;
Ten; Eyck and
Carl* P.' OechSle; Vice-President iu chaTge of; sales;—V. 162, p. 505.
York
Eyck,
who
has
just
completed
,
Corp.—Earnings—
9 Months Ended June 30-~
Completed
-
five
years
^
.
•'--
T
.
.
1944
1945
-
1943
,
t
t'
•
-
$24,098,366 $16,689,115 $15,921,651
sales
8,108,473
7,103,386
$30,049,343 $24,797,588
Partly completed
t
Total
•Net
contracts........
5,950,977:
industry
expansion program. Government
projects, while fewer in number,
include large plants such as the
Geneva
Steel plant
at Geneva,
Utah; the Houston, Texas, plant
of
American
Rolling
Mill Co.
sales
Prov.
for
for
Net
war
profit
booked
&
$23,025,037
2,319,922
<1,644,360
150.000
.■
-
—
•
$573,219
30,311,714
$675,562
22,310,155^
28,116,866
—__—$833,193
during 9 months...
22,620,873
sales
25,411,433
tl7,695,672
•Before
on
income
partly
and
excess
completed contracts.
cancellations
and
nine months.
In excess
:;v
of
80%
of the
production areas.
A total of 11,592,465 tons were
realized, in 1944 from the expan¬
sion program, the report shows.
Using October 1944, production
as a basis (with major portion of
expanded facilities in operation)
annual ingot production has been
estimated
at
a
12,758,603 tons
yearly rate from the new capac¬
ity.
A total of 35,325,802 ingot
tons of steel were
produced from
expanded facilities for the fouryear period of 1941 through 1944.
highlights of the report
include:
description of the more than
100% increase in plate production
to more than 12,000,000 tons an¬
nually, which provided the basic
steel product needed for the mar¬
itime ships and naval vessels, as
well as tanks, heavy duty trucks
and numerous other essential war
purposes.
Expansion
of steel
production
facilities in the West and
ularly
the
total
reduction
of
partic¬
West Coast. A com¬
of $361,367,597 was
spent by Government and indus¬
try on western steel projects, ac¬
counting for 19.4% of the total
of $1,862,131,626 spent on steel
projects in the United States. This
resulted in an increase on ingot
production of 2,490,700 tons in the
Far West and West Coast areas.
Mail To Denmark, Norway
printed mater not
pound in weight.
exceeding 1
The postage
profit
$2,015,780
at¬
redetermination during
T; V;; V.;;"•'••
price
$17,695,672 uncompleted orders at June 30.
1945 Involved
refrigeration and air conditioning equipment;
part of which is supported by priorities.—V. 161, p. 2270.
;
and are not cap¬
operation as
separate and independent units.
All
such
"scrambled" facilities
are
located in established steel
bined
tAfter
sales
proportionate
(incl.
•;
economic
of
profits taxes
to
tributable
Postmaster Albert Goldman an¬
public Steel Corp.; and the Home¬
nounced on June 18 information
stead, Pa., plant leased to U. S.
Steel Corporation. The Kaiser Co, has been received from the Post
Department,
Washington
steel plant at Fontana, Calif., was Office
financed
by the Reconstruction 25, ■ that effective June 15, the
service
to Denmark and
Finance Corporation. A new blast mail
heretofore limited to
furnace plant located at Dainger- Norway,
field, Texas, is owned by the Gov¬ nonillustrated post cards, is ex¬
ernment and leased by the Lone tended to include letters and letter
Star Steel Co. The origin of each packages not exceeding 4 pounds
of these plants is fully
shown. 6 ounces in weight as well as
Many other Government projects
were "scrambled" with privately-
...
post-war conting;
owned properties
A
2,365,219
1,792,000
•
taxes......
Uncompleted orders not included in
Order—
able
3,640,193
2,657,000
income
Reserve
;
;
Other
(partly Government-owned); the
Chicago, 111., plant leased to Re¬
92
—30
March
April,
and
has already
Atabrine tablets, Dr.
for future expansion
expansion for war
program began in November 1940,
lifted the steel ingot capacity of
this country from about 80,000,000
tons annually to about 95,000,000
tons, building this nation into the
greatest arsenal for democracy
the; world has ever known, ac¬
cording to a report the War Pro¬
the
C.
also
Dunellen,
Treasury Department
Cost Put at $2,584,944,018
the
increases for both food and beverages,
showed
has
days afterof $6 pre¬
dividends.—V. 162, p. 611,
War-Time Steel Expansion
is an increase of
3% in total sales compared with one of 1% last
months and the scattered hotels grouped as 'All Others,' and quite
;
Worthington Pump & Machinery Corp.—New Officials
the company wlil have
dividend requirements ahead of
amount of preferred" stock out-,
orders with Winthrop; for 92,000,000
Klumpp said, while under a proposed program
The
11,068,363
1,542,882'; 1,804,788
program
in
the
placed
According to Horwarth & Horwath, New York, public account¬
ants, "on the whole, the comparison of hotel business with that last
year is better in April than it was in March."
They state that "there
—
income„i..._^___-«..„—
10,818,000
Hobart
for
UNRRA,
railway.:
railway
of Subsidiary—
,
for
Buying
215,342
-
this corporation for the week ended'Aug. 4, 1945,>,
kwh.,,"a£ compared'with - lo,484,000;kwh. -for the ^
corresponding week last year, an increase of 3.2^ .-—y, lti2, p. 611.
*
arrangements, with the under-,;
Co. and Glore, Forgan & Co.,
not issued, pursuant1 to the
Italy.
•
The Statement
567,563
432,336
,10,459,902
2,736,574
—
Wisconsin Public Service Corp.—Weekly Output—
f
of malaria
orders
income_____
162, p. 55.
totaled
relief in liberated countries by UNRRA
the antimalarial Atabrine placed with this
company,
announced on Aug;' 7 by Dr. Theodore G. Klumpp, Presi¬
dent.
Recent news dispatches have reported widespread malaria
in
vast
revealed
is
1943
$1,938,003
-Electric output of
be
completion of
this
substantial savings
•1944
.
;
-
Winthrop Chemical Co., Inc.—Large Gov't
A
taxes
report:
—V.
.•
date,
stock.
1945
762,293
from
.from
Orders
follows: Gross
$1,936,687;
the
'
.
1—$1,972,239
.
between
.
used to redeem, not later-than 90
all of the 274,085 outstanding, shares
exchanged for new preferred or common.
common
compared with a^.
the'-war-production
'•
Net ry. oper.
;
preferred
new
earnings can be distributed as common
•—"+•
outstanding——280,937
share.
$0.62
per
the
.
tablets,
208,000,000
of
railway
railway——
oper,
:
Net
stock
any,
v..-,''.
contemplates making
Smith, Barney &
peak
of 140,000,000 a . month.
Before,
tablets a year.-—V. 162, p. 290.
'
■
ry.
Gross
..
preferred
Corp;,- another Wick¬
shares
Earnings
$6
will have been considerably reduced. The board of directorsalso believes the plan to be advantageous to the common stockholders
since it advances the day when a substantial portion of the company's
has-previ¬
and-engineer,
1945
and
if
preferred
•
by
of
would
not
effected
Co.—Earnings—
after
the
standing
6 Months Ended June 30—
Net
shares
exchange
ferred
including General Sales
Wire Fabrics
162, p.
of
received:
headed
necessary,
charge of sales of the Wick¬
been associated since 1930
metallurgist
the. American
holders
so
company
all
the
ously been Assistant to the Executive Vice-President of the Wickwire
Bpencer Metallurgical Corp. - He is also Vice-President of and has long
t>een associated
$6
;
From January 1—
exchange plan, to be purchased by them for distribution. Net proceeds ;
of such sale- to
the underwriters, together with company funds,
if
" '
....
Granger, prominent steel
the
high
new
from
from
no
cash
any
for
has
positions,
preferred:
writers,
A. G. Bussmann and L. D.-Granger have been elected Vice-Presidents
of the Wickwire Spencer Metallurgical Corp.
;
;
in
>•
..
to
difference,
of
now,working 24-hour shifts at its plant in
expanded both. personnel and; equipment in the ;
July 1.
During that month > Atabrine .-production »
annum
preferred.
The
to
Wickwire Spencer Steel Co.—New V-.-Ps. ofUnit—
.
the
price
company,
Y.,
Wisconsin Central Ry.—Earnings—
;
Net
more
nor
Production ,-r
-
1-to assure sufficient supply to the armed
division
high
Net
To. the extent; that the. number of shares of $6 f.
exchanged for common'Stock exceeds 24,085; the 250,000
shares of new preferred;will; oe correspondingly^ reduced.■ ^
Counsel have
advised the
company
that, in ~ their opinion;' under
ttic present Federariiicome tax laws; a holder of the present $6 pre-^
ferred stock wha exchanges all of his stock of that class for* the new y
preferred. stock or for common stock pursuant to the exchange, offer
will'realize no taxable income : from the exchange except' to the extept
$6
of
reduced by approximately
surplus, •
the unamortized discount-and expense of series BT bonds-redeemed and;
after adittstment o£ Federal taxes applicable thereto.—V. 161,.p. 2270.
$300,000
less than $4
retirement
War
under
.again." placed
was
last,July
.
N,
a
•June—
the.
.
3,;
yy/yyy
v.:.;':!;
for. the
$2,061,616 >
$2.03
.
-
bonds. redeemed
reported above, have been
1945,; as
$2,333,591
$2.50
$l;08
'*Applicable < to $30,000,000 series B, 3 Vfe %
later, but in
of
1,198;000>\
1,576,000 '
655,000 '
not
,
Gross
on
,
to
•
rate
dividend
commencing
year
•
5,000,000
was
shares for common stock in a ratio to be determined
event more than 7V2 Shares of common for one share
50,000
to
up
1,326,000 •"
:
959,000
■
/
/•
*'*.•"••'
■
the
order
month for five months,
a
tablets,
antimalarial,
Winthrop
previous
been
have
shares
'
that
the
•
Atabrine
share;
to-equalize
allocation
-The
of new preferred shares would be insufficient
to accommodate fully all holders of the-' $6 preferred, the company '
contemplates offering them
the. further. opportunity of: ^exchanging
2,096;187
+.■-
■
(est.)
.foit:- Ped.t.excess*
Prov.
592,030
and
redemption
this
but
Rensselaer,1
exchange for 250,000 shares out of the
outstanding, with cash adjustment for accrued divi¬
share
'■'i;/ i
and call'prem.
pense
\
sufficient
shares,
public offering price.
■\ Since
the number
;
discount, ex--.
♦Unamort.
Prov.
4
amount
an
47,673
year
initially
of
92,000,000
forces.
-
provision,
circumstances; is to operate until the issue
200,000
for
dends
income
Gross
Interest
in
be allocated an addi¬
would * be delivered
would
This Tatter
.
Oct. 28, 1944,• there were
On Feb. 8, 1945,
purchase.
provides
be- offered
will
fiscal
or
the
tions,
preferred.
stock
there
abroad,
tablets.
and' continuing to March, 1946, inclusive.*•
sufficient to treat 6,000,000 cases of "
malaria,' 80,000,000 were delivered ift June,
6,000,000 in, July, and "
the balance of 6,000,000 are being .delivered in August.
:
•Last Dec.
26
sale of Atabrine
was
thrown open without restrlc- ;
.
shares of new cumulative
the retirement of the cur¬
cumulative preferred stock,
meeting for Sept. 17, 1945,
victims
60,000,000 tablets
Board
year,
$6
malaria
of
November
Of
reached
issue will be
$500,000 per
A
certain
under
shares
274,085
1944
redemption
annum.
per
issue
stock
$4,824,954
344,015
$5,013,079
„
Other; income
$2,499,695
177,591
$5,220,428
profit U-—.
this
stockholders
to
reduced -to
been
The
the
of
of
the
of
either
$25,000,000
than
——
taxes
tenders
close
by
2,695,469
new
stockholders'
321,758; shares
letter
2,619,550
1,314,372
1,323,529
Prov, for doubtful accts.
.come
retired
than, in-
other
the
Since
-
to
300,000,000
rate
a
In
$5,000,000 by purchase at not exceeding $100.50 a share flat.
exhaust
The
I---"
expenses
Taxes,
2,905,471
1,641,091
,
46,948,851
4,972,207
2,931,017
57,350,423
5,511,752
23,383,853
special
a
of
invited
company
30,637,885
'J-w——.
Repairs & maint. chgs,
Deprec.,, amort. &- dept.
Belling, gen. & admin.
charges
2378;
p.
at
-
financing.
the company's fiscal
the
close
the
outstandings
other oper.
labor-and
called
approve
At
Cost of; sales.incl. taxes,
■
•;
company
has
and
''
disc'ts,.
■
■■:'
Shares—;''
plans to issue 250,000
preferred stock as the principal step in
rently outstanding 274,085 shares of $6
1945—6 Mos.—-1944
Mos.-—1944
$173,623.—V., 161,
aid
tional
Co., Inc.—Plans Issue of 250,000 Preferred :
Wilson &
The
Period End. June 30—
Cross sales, less
income,
net
$15,000;
tax),
profits
(& Subs.)—Earnings-
of
on
income, $52,342;
depreciation and depletion,
leases, dry hole costs and cost of well abandon-.
ments, $91,640; gross profit, $202,854; non-operating income; $29,703; ;
total income, $232,557; income deductions, $43,934; provision for taxes
on
income
(no
provision considered necessary for Federal excess
$119,408;
v
2795;;;.
p.
Wheeling Steel Corp.
.etc.
,
than
cancelled
other
taxes,
Products Corp.—New Financing-—
-Corporation has entered into an underwriting, agreement with P.
Eherstadt Sc Co. covering 97.000 shares of $3.75 cumulative pieferred
stock.
It is expected .that holders of the company's $4.50 and $4.25
preferred stocks will be given an opportunity of exchanging t he r
outstanding shares for the new stock, and fha^ su°h
shares as are not issued in exchange wilh be offered publicly early
in September through, a nation-wide group of investment dealers. Plans
call for the redemption of any $4.50 and $4.25 shares not exchanged.
Westvaco Chlorine
Monday, August 13,1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
720
large
a
rates
applicable are those in effect
prior to the suspension of service
to the countries concerned. Pack¬
prepaid at the letter rate of
postage may contain merchandise.ages
Business communications are lim¬
ited
to
tion
and
The
exchange of informa¬
an
office
further says:.v
post
"The service for
is
of facts::
announcement*
•:"::';'::i-i
i
printed matter^
ascertainment
restricted to:
~
Periodicals
and
news¬
papers mailed directly by a pub¬
lisher or agent in this country to
a
publisher, agent, or subscriber
"(a)
in Denmark
Norway.
or
Other articles conformingthe
conditions
applicable to
"(b)
to
printed matter, mailed directly by4
a publisher or commercial firm.
"Forwarding or remailing any
article of printed matter for Den- •
mark or Norway
is prohibited.
Publications containing technical •)
data and letter packages contain¬
ing
merchandise
must
comply
with the licensing requirements"
of the Foreign Economic Admin-,
istration.
"Due to present unsettled con¬
ditions, mail for certain areas of
Norway may be somewhat delayed
in delivery.
"Registration, money-order, air-.1
mail* and parcel-post services are j
not available at this time."
Mil,
;
-
^
Andrews South African
Minister in
Washington
H. T. P. Andrews has been
ap¬
pointed South African Minister in
Washington, succeeding the late !
Dr. Stefanus Gie, it was
officially
announced
Africa
on
Reuter
New
:
at
June
advices
York
Pretoria, * South
19, according topublished
"Times"
in
June
the
20,
which also said.
i
"Mr.
Andrews, former head of
the South African Supply Mission ;
in
Washington, is now an advisor
to the Union
the
San
"He
is
delegation attending
Conference.
Francisco
well
Switzerland,
known in
where
Geneva/,
he
spent
in the League of Na¬
tions offices."
many years
Volume 162
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4411
fate and
721'
City Pepartment
BOND PROPOSALS AND NEGOTIATIONS
ARKANSAS
Bonds
tem
Sys¬
Water
Finance
To
Purchase—The
10
Council
agreed on terms
of purchase of the local
water
system from Mr. G. B. Walton,
is
said
of
owner
City
have
to
Utilities
Arkansas
the
Company, and recommended to
the City Water Commission terms
of
which
under
contract
a
the
operate
to
continue
will
owner
the system for the City.
The
purchase price is $360,000
in 2Vz%
Revenue bonds to be
delivered to Mr. Walton with the
right to convert the bonds, which
will mature in 40 years, to a lower
coupon bond.
Mr. Walton is to
purchase $65,000 worth of addi¬
tional 21/2%
Water Works Rev¬
enue
bonds, " proceeds of which
will be used for working capital
and
improvements recommended
by the engineers who made an
appraisal of the properties for the
City several months ago.
The
bonds
receive
must
ap¬
proval of Rose, Loughborough,
Dobyns & House, of Little Rock,
as
to legality.
They are to be
callable
numerical
inverse
in
of surplus funds
receive from op¬
eration. The owner is to pay the
cost of printing, trustee's fee and
the attorney's fee for approving
legality of the bonds, and is to
operate the system for 10% of
the net operating revenues of the
system under a contract with the
and
order
the
Commission.
contains
sible
either
30
days'
it pos¬
or Mr.
it
City
at
notice.
written
Warren
Retire¬
Earl
ap¬
proval of a measure appropriating
$11,651,490 for use in retiring the
last remaining general obligation
bonds of the State
signed was a bill unfreez¬
ing a $25,000,000 war catastrophe
fund created by the 1943 Legisla¬
ture.
The
action
transfers
the
Also
amount into the
At
the
general fund.
time
same
Warren announced he
Governor
pocket
was
vetoing a bill to repeal the 3%
gross
receipts tax «on common
highway carriers.
"The
appropriation bills
ap¬
proved by the Legislature
County (P.O. Los
Angeles) Calif.
Tax Delinquent Land Rehabili¬
tation Program—Six cities in Los
Angeles county have developed a
program
which is helping re¬
habilitate
tax
delinquent lands
and
recovering
revenues
lost
through tax delinquency, accord¬
ing to information to the AmerL
can Municipal Association.
A
The
cities
are
South
Gate,
Compton, Inglewood, Azusa, Maywood
and
El
Segundo, which
range between 5,000 and 30,000
in population. The record of South
Gate is an example of benefits of
the rehabilitation programs to the
,
number
of
tax
parcels
when
considered in connection with the
number
of
proved after sale by city™
Total assessed value of land re¬
stored
value
Assessed
(all
tax
to
of
such
on
lands sold
',
Assessed value of land,
ments restored
rolls™
$2,153,700
all
to
revenue
.
.
taxing agencies
Annual
to
revenue
city of South Gate
Procedure
-
$93,442
increased
v
$21,537
•_
adopted by
in
the
developing
a
the land
on
a
held
able
period, all necessary pro¬
ceedings are taken in court to
completely clear the title to the
property, including the clearing
of overlapping assessment liens,
so the property may be sold with
a merchantable title together with
policy of title insurance. After the
property is cleared, it is appraised
listed
brokers
with
all
real
estate
doing business in the city.
Under existing legislation,
ifornia
communities
may,
this
"For
am
and
I
pocket vetoing the truck tax
from that
source
Cal¬
either
agreement
ap¬
our
estimated
rev¬
for the next two years
and
we will
have a small surplus in
addition to the approximate $250,000,000 that is set aside for post¬
war construction purposes."
enues
Bond Election Planned—An is¬
sue
of
$50,000,000 bonds to be used
war veterans, will be
for loans to
submitted
to
the
election to be held
The
Senate
at
at
voters
on
Nov. 5, 1946.
last
its
the
session
passed a bill (S. No. 268) author¬
izing the above action.
Harbor
Bond
Bill Signed—Governor Earl War¬
ren
is
reported
recently
harbor
Improvements
a
measure
districts
to
signed
authorizing
have
to
issue
revenue
bonds for dredging operations and
other improvements.
Calif or ni a- West
Co.
(P.
O.
States Life
Insur.
Sacrament^).Calif.
Portfolio
,
Offering—Offers by
telegram addressed to
Miss Lucy E. Rittler, offices of the
letter
or
controller's
oy
office,
purchase the state's title to tax
deeded lands.
Purchase may be
reduce
proximately $10,000,000.
"Appropriation bills that I sign
will be within
state
by
repeal bill, which would
revenue
the
rata
on
cash basis,
a
basis,
or
an
upon
option
a
pro¬
division basis.
The
division
pro-rata
method,
utilized by many cities, permits a
city to acquire the state's tax title
without
costs, except publication
costs, but further provides that
after the city sells the property
the amonut of the
proper
sale
deductions,
price, less
must
be
(F-A) payable
at the County Treasury, or at the
fiscal agency of the County in
New York City.
These are the
re¬
cash basis.
ap¬
accordance
each
Los
with
if
issues
Bond Offering—J.
Moroney,
County Clerk, will receive sealed
bids until 10
the
purchase
a.m.
on
of
bonds amounting to
exceeding 5%
Aug. 21
the
'or
following
$8,500,000, not
interest:
$2,145,000 Long Beach Citv Junior
College District bonds.
Due
Aug. 1, as follows:
$106,000
in 1947, $96,000 in
1948, $98.000 in 1949, $100,000 in
1950,
state
that
each
on
of
the
bonds
awarded to the
America National
Trust
&
Savings Association, of San
Francisco, on July 16, for $40,000
as
4s, and $385,000, as 114s,—v.
162, p. 397—were sold at a price
of 100.02, a net interest cost of
1.28%.
Sonoma
County,
Petaluma
City
High School District (P. O.
Santa Rosa), Cal.
Bond
Offering—W alter
H.
Nagle, County Clerk, will receive
sealed bids until 11
Sept.
$550,000
building bonds, not exceeding 5%
interest.
Dated
June
15,
1945.
Denomination $1,000.
Due June 1
as follows:
$15,000 in 1946 to 1950,
$20,000 in 1951 to 1955, and $25,11
for
the
a.m.
purchase
000 in 1956 to 1970.
interest
payable
at
Treasurer's office;
on
of
Principal and
the County
The bonds will
be sold for not less than par and
accrued interest to the date of de¬
livery.
Each bid.must state that
the bidder offers par and accrued
interest to the date of delivery
and state separately the premium,
if any, offered for the bonds bid
for, and the rate of interest said
bonds
shall
bear.
Any
and
all
bidders must prepare an abstract
of
proceedings
bonds
and
his
at
check
for,
for
their
or
to
of bidding, the
the bonds for high school
the bonds for junior
college purposes shall be con¬
sidered as separate issues.
Each
poses,
purposes and
bid shall be for the entire amount
of
said
bonds
single
of
rate
shall
and
interest
issue, and
any
the
amount
entire
for
or
on
issue
Enclose
of
the
Chairman
airport bonds for development
the municipal
airport, Mills
Field.
for
of
said
rates
will
of
interest
be
rejected.
a
Chairman
Board
of
Super¬
visors.
Los Angeles
County, Saugus Union
(P, O.Los
Angeles), Cal.
Bond Offering—J. F.
Moroney,
County Clerk, will receive sealed
bids until 10 a.m. on Aug. 14 for
the purchase of
$75,000 building
bonds, not exceeding 5% interest:
Dated Aug. 1, 1945. Denomination
$1,000; These bonds are due on
School
District
Aug. 1, as follows: $4,000 in 1946
to 1960, and $3,000 in 1961 to 1965.
Rate of interest to be in multiples
of
14 of 1%. No bids for less than
and
interest.
accrued
Prin¬
cipal and interest
(F-A) payable
County Treasury.
Each
whether for all or only a
bid for
varying rate of interest
rejected. Bids will be re¬
a
will be
ceived
for-
all
said bonds.
or
any
portion of
In the event that the
payment
a proposal to pur¬
portion of said bonds, the
bid shall designate specifically the
bonds
a
a
bid
bidder
for.
tion of said
same
bonds
of
rate
certified
bonds
All
bonds
bidding for all
shall
interest.
check
bid
for,
for
sold to
or a
por¬
bear the
Enclose
a
3%
of
the
payable
to
the
Chairman Board of
Supervisors.
September
on
sion
on
U.S.
Members of the commis¬
E.
are:
Lean
OJd
Marsh,
Lyme; George A. Maynard, Old
Saybrook; Northam Wright and
Thomas Coulter, Essex, and Wes¬
ton C. Pullen, Lyme.
Since the present bridge was
opened in 1911, there have been
increasing annoyance and danger
as
both bridge and river traffic
have increased, with the result
that
on
some
Sundays
pre-war
opening of the bridge draw at fre¬
quent intervals piled up motor
traffic for miles.
University
Bill Signed
Construction
Bond
Governor Baldwin
—
has signed a bill authorizing the
State to issue $2,980,000 in self 7
liquidating
bonds
to
construct
dormitories,
a
student
union
building and an auditorium at
the
University
New
of
Connecticut.
Haven, Conn.
Bond Retirements Scheduled
interest payments totaling $1,273,750. He stated that next year the
city is planning to retire $996,327
in
bonds, including $15,782 in
obligations
assumed
when
the
Westville school district
former
became
part of the municipality.
Bonds maturing next year amount
to $125,000 more than those fall¬
ing due in 1945. The board will
provide $277,423 for interest pay¬
any
This
will
include
short
term
$2,500
Another
notes.
$2,500 is set aside to meet any
interest charges that might accrue
bonds are issued this year.
1, at par and accrued interest, at
bank in Greeley, $5,000 214%
general
this
any
obligation
Nos. 1 to 5.
able
on
terest
or
bonds,
sewer
Dated Dec. 1935. Call¬
after Dec.
ceases
1, 1936.
date
on
In¬
called.
Provided
issues
no
City has not issued
:
are
floated
year, the City will end the.
fiscal year on December 31 with
a bonded debt of
$7,491,000. The
a
bond since
December
CONNECTICUT
Aetna
Life
Insuracne
<
Company
Portfolio Bond Offering—Seale d
1, 1940, and if finan¬
cially possible, the administration
hopes to continue this policy for
another year.
However, the Board
bids will be received for thb pur¬
chase of twenty-nine lots of State
of Finance has authorized the
and municipal bonds
totaling $9,377,000, at the Investment Depart¬
manent street
which
ment
vance
of the
above
151
company,
Farmington Ave., Hartford, Conn,,
up to 12 noon,
(EWT), on Aug.
15.
All
bids* will
be
considered
firm until 5 p.m.
(EWT),
15;
to
all
terms
bids
of
are
on
Aug.
face value of bonds,
must be for one or
bids
writing
be
by
wire.
or
bids
should
opes
for the
ment
in
be
entire
in
If .mailed,
attention
A
chart
envel¬
to
be
this sale will be
of
disposed of at
in the
National
New
delivery
Bank,
Marlowe
will
payments
for
retirement
in
1961. but
by 1955 both bond and interest ob¬
ligations
will
be
under
$250,000
;
per year.
DELAWARE
,
Dover, Del.
York
hands of
Bank
for
of
the
delivery.
City
Council has authorized the
issuance of 114% refunding bonds
amounting
transfer.
at
the
Monday,
$300,000,
to
be
accom¬
Payment and
First
to
used to replace outstanding 314%
bonds amounting to $304,000.
FLORIDA
panied by appropriate resolutions
effect
debt
of Invest¬
Registered bonds will be
to
If
Bond Issuance Approved —The
All bonds
First
ad¬
$1,297,572 in 1947 and then
decline sharply,
The last of the
bonds now outstanding are sched¬
Department, Aetna Life In¬
Company, marked "Bid
for Bonds."
City
as
projects.
compiled by
that
surance
The
marked
surplus, a bond issue will be the
only alternative.
uled
sealed
been
bondable
rise to
submitted
must
has
ex¬
$300,000 for per¬
imp r 0 ve me n is
this amount cannot be met out of
$100
numbered lots of bonds.
All
of
for
shows
and all oids
more
penditure
in
made
be
dollar price per
a
bidder submits
chase
motor bottleneck
a
Route 1.
if
the
fortion of said bonds, shall be at
single rate of interest, and any
Saybrook and Old Lyme to re¬
the narrow span that has
for interest if the City borrows on
Greeley, Colo.
Bond Call—The City Treasurer
each
bonds
between
place
created
ments.
COLORADO
■
a
certified check for 3%
bonds bid for, payable to
the
the
at
bid for less than
varying
one
be
prepare
Connecticut
provides for bond retirements and
to
Supervisors.
for
will
agency
$6,000,000 toll bridge-
a
the
certified
a
the voters at the general election
in November an issue of
$20,000,-
calls
new
across
of the bonds bid
Francisco, Cal.
Airport Bond Election—
City officials intend to submit to
of said bonds.
The
plans for
City Controller Cecil J. Marlowe
announces
that the 1946 budget
San
of
of)
(State
ity granted by a 1945 legislative
act, Governor Baldwin appointed
recently a five-member Connecti¬
cut Riber Bridge Commission.
cost
own
Plans
000
Connecticut
Connecticut River Bridge Com¬
mission Appointed—Using author¬
said
they desire
or
Enclose
10%
payable
Board of
relative
if he
expense
such abstract.
separate
bonds for elementary school pur¬
bid,
F.
The bonds
must
For the purpose
of
Unified School District (P. O.
Los Angeles), Cal.
of
separately the premium,
and the rate of interest
any,
at
taxing agency's lien.
Each bid
offered
in
Angeles County, Long Beach
school
and state
amount
the
election
the bidder offers par and accrued
to the date of delivery,
sold
so
the
interest
lien
property
at
April 6, 1945.
on
terest.
par
the
authorized
will be sold for cash only and at
not less than par and accrued in¬
portioned among all taxing agen¬
cies having a tax or assessment
on
000
Bank
*
cipal and interest
bonds
step is to advertise the
property for sale by quitclaim
deed, thus
giving
the
former
owner opportunity to repurchase
the property on an equitable basis.
If the property has not been sold
by quitclaim deed after a reason¬
»
Denomina¬
tion $1,000.
Rate of interest to be
in multiples of 14 of 1%.
Prin¬
six
Next
and
\\
Dated Aug. 1,1945.
improve¬
to tax
Due
in 1961, $125,000 in
1962,
$127,000 in 1963 and $130,000
;
$1,635,410
.
000
deeded
.
Annual increased
bonds.
in 1964 and 1965.
6) con-
tax
;;>V: •/•••'
Aug. 1,
as follows:
$106,000 in 1947,
$96,000 in 1948, $98,000 in
1949, $100,000 in 1950, $102,000 in 1951, $104,000 in
1952,
$106,000 in 1953, $108,000 in
1954, $110,000 in 1955, $112,000 in 1956, $114,000 in
1957,
$116,000 in 1958, $118,000 in
1959, $120,000 in 1960, $123,-
improvements
of
'v-.-""other reasons,
District
$518,290
residences except
structed
1965;\.^
2,415,000 Long Beach City School
1,547
roils
the
./-v'Cv.. :
'./-■b in
2,031
agreement with the county board
of supervisors and with consent
red.
:
im¬
parcels
bills also approved by
Legislature," he said, "would
leave us $10,000,000 or more in
revenue
the
1957, $228,000 in 1958,
$232,000 in 1959, $236,000 in
1960, $241,000 in 1961, $245,000 in 1962, $250,000 in
1963,
$254,000 in 1964 and $259,000
j
of
property purchased and resold
Total
Due
000 in
communities:
Total
bonds.
1, as
follows:
$208,000 in 1947, $189,000 in
1948,
$193,000 in 1949, $196,000 in
1950, $200,000 in 1951, $204,000 in 1952, $207,000 in
1953,
$211,000 in 1954, $215,000 in
1955, $219,000 in 1956, $223,-
Angeles
communities
his
announced
has
Los
District
Napa County, Napa School District
(P.O. Napa), Cal.
Bond Sale Details—The $425,-
Aug.
supply purposes, due
March 1, 1963 to Jan. 1, 1977.
delinquent land involves, first the
purchase of the state's tax title to
Provision—Governor
School
water
habilitation program for their tax
(State of)
General Obligation Bond
ment
$102,000 in 1951, $104,000 in
1952, $106,000 in 1953, $108,000 in 1954, $110,000 in
1955,
$112,000 in 1956, $114,000 in
1957, $116,000 in 1958, $118,000 in 1959, $120,000 in 1960,
$123,000 in 1961, $125,000 in
1962, $127,000 in 1963, and
$130,000 in 1964 and 1965.
4,210,000 Long Beach City High
a.m.
and
time
any
CALIFORNIA'
California
T'-. ■' •' i
the
cancel
to
;:t;::
The contract
clause making
a
for
Walton
on
out
City, may
Water
will be received until
(PWT) on Aug. 16 for the
purchase of various lots of State
and municipal bonds aggregating
$2,905,800,
The two largest lots
consist of $700,000 Metropolitan
Water
District, Calif., 4% and
414% bonds, due from Aug* 1,
1966 to Feb. 1, 1975, and $433,000
City of New York 4 % % and 414%
corporate stock for rapid transit
company,
'
Ark.
Helena,
National
August 20,
1945.
Daytcna Beach Housing Authority,
Fla.
Debentures
series
Sale—The
$26,000
debentures offered fpr
While it is expected that the sale on Aug. 7~-v. 162. p. 506—■
highest bid will be accepted in were awarded to R. W. Pressprich
& Co., of New York, at uar, a net
all instances, Aetna Life Insur¬
interest cost of 1.8887%, as folance
Company specifically re¬ lows: For $20;000 maturing Tan.
serves the right to reject any or
1, $5,000 in 1946, $1,000 in 1947,
all bids.
A,
$2,000 in 1948 and 1949, $1,000 in.
-
mmstssm
THE COMMERCIAL & FINANCIAL CHRONICLE
722
1950, $2,000 in 1951 to 1954, $1,000
in 1955, as
2s and $6,000 maturing
$2,000 Jan. 1, 1956 to 1958, as
l%s.
Dated July 1, 1945.
De¬
nomination $1,000.
An additional
$234,000 debentures (Third Issue)
will be taken by FPHA as series
;
B, at 3%,
,;
Florida (State
of)
Municipal
Market
Develop¬
ments
Discussed—The following
information
is taken from the
July business summary
contained
regular monthly bulletin is¬
sued by A. B. Morrison & Co.,
in
a
Congress Building, Miami:
Business in Florida Municipals
'
has been at
a very
low ebb during
Prices still re¬
approximately the same
levels. Whether, after this period
of hesitancy, they will continue
to advance is a question. We are
inclined to feel that some of the
the
past month.
main
at
speculative issues will show
softening in price for the rea¬
sons
set forth below.
more
a
We have stated in
previous bul¬
prices on many border
line and highly speculative situ¬
ations selling at a discount are
entirely unjustified in the light
of cold analysis. Per capita debt
is entirely too high in many situ¬
ations." In refunding unpaid inter¬
est, into bonds the debt has been
letins that
pyramided to a point where as in ¬
terest-rates step up (and most of
the'refundings bear gradually in¬
creasing rates), the ability of the
community to meet its obligations
is, to say the least, doubtful. The
bonds have been sold purely on
speculative basis with empha-
a
sis
;p»laced on tax collections run¬
ning far above normal because of
war time prosperity .and with at-
„
7
*
tention stressed
on
the attractive
plus accrued interest: From
1950 to Sept. 1, 1952, at
102; thereafter to Sept. 1, 1954, at
101; and thereafter at par. Prin¬
cipal and interest payable at the
City Treasurer's office, or at the
option of the holder, at the Chem¬
ical Bank & Trust Co., New York.
These certificates are being issued
Sept.
1,
pursuant to the Constitution and
of the State, and an ordi¬
Laws
adopted by the City Com¬
mission on June 11, 1945, for the
purpose of paying the cost of ex¬
tending and improving the Water
nance
System of the
Sewer
and
Works
Said certificates are pay¬
able solely from and equally se¬
cured by a pledge of the net rev¬
enues
of the Water Works Sys¬
Fort
Myers, Fla.
Tax Levy—The
,
Utilities'
Council
has
adopted
an
ordinance levying a 10% utilities'
added to bills
which will be
for
water, gas, bottled gas, elec¬
tricity and telephone service with
a
ceiling of $15 on the tax added
bill for any one serv¬
to any one
tax
the
It is estimated that
ice:
will
enue
new
bring in an annual rev¬
of nearly $30,000,
1
Pomparto, Fla.
Bond Retirement Sought
—
over-expansion
and insufficient
capital.
The great majority of
Florida cities appear to be on a
sound financial basis. But the de¬
faults bear out what
we
have con¬
sistently stated, that an investor
can't pick out any Florida bond
haphazardly and be sure it is
The
111.
GEORGIA
Georgia (State of)
Post-War Housing Con¬
struction Program Sought—State
Large
Treasurer
B.
Hamilton
plan advanced
Rural Housing
George
outlined recently a
Georgia
going to continue current indef¬ Authority, which will ask ap¬
initely. As the news of these de-; proval by the Federal Govern¬
faults becomes generally known ment of a $155,800,000 post-war
it appears logical to expect that construction
program,
with the
some
top heavy debt situations j intention of building more than
won't sell as readily as has been; 50,000 farm and small homes in
the case heretofore.
a three year period after cessation
At
this
writing the
Florida of hostilities. Mr. Hamilton re¬
5
•
Legislature assembled in special
session is still blocked by a North
:
by
the
is designed
primarily for the benefit of low
ported that the plan
Florida majority in the Senate income rural families.
from tarrying out the constitu-:
illinois
tional amendment to reapportion
the
number
the
basis
of
state
senators
on
population. Feeling
is running high on both sides and
neither seems willing to yield,
though there seems to be signs
that the North Florida block may
|be weakening.
Fort
!
Lauderdale,
Certificate
$1,000,000
works
Sale
series
revenue
awarded
Ashkum
Township (P. O.
Ashhum), III.
of
on
May
to
submit
1945,
to
a
to
the
The
voters
an
issue of
$15,000 community build¬
ing bonds.
water
syndi¬
Bond
Ordinance
Passed
—
An
Illinois
from taxation.
Schlaeger,
Treasurer, is calling for
payment the following refunding
bonds, dated June 1, 1940, in de¬
of
.'i
Dec."
maturing
June 1, 1960, aggregating $90,000:
"
■
This
for l%s.
.
Louisvillle),
O.
to
to
Nos. 201
to
Nos. 211
Chicago), III.
Cook County (P. O.
BondsCommissioners
Maturing
Aug. 6 a plan for the
issuance of refunding bonds,
amounting to $13,523,410 in order
to cover bonds on Jan. 1, 1946, for
are
not
now
avail¬
able.
dated
and
deemable
1945, re¬
1954. The
of July 1,
as
on
Jan.
1,
bonds will bear 4%
new
Jan.
until
1946,
1,
Richard
thereafter.
la/2%
and
J.
Daly,
agreements have been made with
bankers providing for the new
bonds.
County
Community
246
to
purchase of
bonds,
lVz% interest.
O.
on
Aug: 28 for
$60,000 building
not
exceeding
up
to
eluding dates of redemption, will
be made on presentation of said
bonds at the First National Bank
of
Chicago.
sented
in
Aug. 1, 1945. Denomina¬
tion $1,000.
Due $10,000 Aug. 1,
1963,
Bonds must be pre¬
negotiable form and
should
have
payable
on
attached
coupons
said dates of redemp¬
all subsequent interest
Interest ceases on date
tion, and
coupons.
called.
Bond
Ordinance
population the right to build
000
—
An
calling for an issue of
lighting
system
street
bonds was passed recently by the
Village Council. -
(State of)
Predicted—A
the
Rate of interest to
Illinois
of
Both
June.
$75,000,000
St.
has
now
and
Regular
funds
of
the
state
Showed a balance of $230,892,952
at
the close of
the month, as
additional port
that Norman C.
back to civilian use.
forecast
the
f
t
■
The 170
total of all state funds, as
July 31, was $743,197,993, com¬
pared with $729,411,418 a month
earlier,
/■
Col.
head of
by Mr, Regan will
250 airports by
State
the
218
a
State
Department of
000
of
various
bills
enacted
by the 1945 session of the State
Legislature, including measures
calling for:
1—A
$3,000,000 fund for post¬
development in the
aviation
war
State.
on
$9,700,000
appropriation
blueprinting post-war public
improvements;
conceivably
in¬
cluding aviation.
$250,000 appropriation for
administration
Department
the
of
of
new
State
Aeronautics
for
the next two years.
4—The right
bond
of counties having
500,000 population to
issues
struction and
owned
for
the
con¬
operation of county-
airports.
airport author¬
empowering cities with
between 5,000 and 500,000 popu¬
lation to : act singly or together
ity
bonds
fa¬
was
July 21.
Marion
construction
vorably voted at
on July 21.
is
issuance
Fire
Mendon
Bonds
bonds
said
of
City i
have
to
ap--)
calling
' ;
Protection
for
>
water
$150,000
bonds.
revenue
fa- ;
was
election held '
an
ordinance
an
*
7
■
t
Dist., III.
:
Authorized—An issue of
fire
$12,000
bonds
III.
$150,- 1
Mattoon, III.
Authorized—The
;;
Bonds
Commission
the
'<?
Township High Sch. Dist.
No. 200 (P. O. Marion),
Bonds Voted—An issue of
tion held
equipment
purchase'
authorized at
was
elec¬
an
recently.
High School
.District No. 50 (P. O.
Vandalia), III,
Bonds Voted—At
tion
the
voters
a
recent elec-7
said
are
hdve
to
:
approved the issuance of $260,000 '
construction
Weller
bonds.
Township
(P. O. Bishop),
III.
Bonds Voted—The $50,000 road:
construction bonds will be
result
as
a
on
of
the
issued s*
election
held;
July 31.
Marion
7
;
act
■
■
-V-
Township (P. O.
Rensselaer), Ind.
Offering — Hurley
;
Bond
7"
E.
Bruce, Trustee, will receive sealed
bids until Aug. 18 for the pur- '
chase of the following 1%% build- "
ing bonds amounting to $63,000i *
$48,000 school township bonds.
15,000 civil township bonds.
Baxter
7
!
; iowa
Independent Sch. Dist., la. 7
Bonds
Voted—The
struction
$6,000 con-'
superintendent's home "
or
purchase bonds will be issued
of
Bennett
the
election
,7V;
held
School
trict, la. "• 7
7;;
Bonds
Voted
as n
-
on 7
7-:'-'7;7. 77
'7^77
Consolidated
Dis-'
7:.
.
The
$100,000;
construction and equipment bonds
submitted
election
—
to. the
held
voters
at
On.August 3,
the1
were:
approved.
;
kentucky
2—A
for
3—A
4
construction
July 30.
gigantic scale is assured as
result
_
vorably voted at the election held
that Illinois aviation development
a
.
year ago.
result
a
.7
•
Marion School District No. 52, III.
Bonds Voted—An issue of $110,-
Aeronautics, and Mr, Regan, said
on
'7
■>
Cigarette tax collections in July
were $1,015,852, as against
$1,005,-
new
■77":4'',
George C. Roberts, acting
1955.
i
of
indiana
Federal Government to be turned
give
*■
against $222,393,366 at the end of
June.
Trust Funds, during the
same
period, increased to $512,305,041 from $507,017,730.
standard
80
an
Charles
sites
in¬
ambition^ to become
Bird, State airport " engineer, re¬
ported was being readied by the
/"
■»
fa¬
airports, of which 20 are in op¬
eration in the Chicago area.
It
also has
23 airports
in various
stages of improvement and con¬
at
the
fund.
vestment
the center of world aviation.
struction
include
in
Vandalia Community
cility must be built if Chicago is
Illinois
figures
aside
set
Aero¬
the latter
that
contended
F.
that the Illinois
general revenue fund as of July
31
stood
at
$142,009,299,
com¬
pared with $135,788,998 at the end
a
'
•
min¬
holdover by ex¬
ecutive
order
pending Gov.
Dwight H. Green's appointment of
a
director for the newly created
Illinois State Department of Aero¬
nautics, said his. estimate did not
include an additional expenditure
for constructing an international
airport
equipped
for
seaplane
landings on Chicago's lakefront.
Regan,
C.
Treasurer
State
reports
proved
Local Airport Construc¬
of
In¬
Fund
Revenue
—
Becker
"i-'-i
■<'
General
000
Passed
ordinance
Program
districts,
park
airports.
■
Forreston, III.
5—A municipal
Dated
1958 to
accrued
and in-
with
villages,
and counties with more than 500,-
The
principal
the
together
float
coupon
$25,000
thereon
fewer than
(CWT)
~
4%
25,000
255, 4%%-- 10,000
of
Payment
til
p.m.
.
to .245,
Glenview), III.
Bond
Offering — Clyde
Lyon,
Secretary of the Board of Educa¬
tion, will receive sealed bids un¬
the
-
1946
1.
Dec.
221
interest
Consol.
School District No. 34 (P.
8
/
200, 41/4%-- 10,000
210, 4%—_ 10,000
3yz%— 10,000
Nos.
amount,
interest
Deputy County Comptroller, said
Cook
-
190, 4%
Nos.
on
funds
1945
to 220,
On
•
County
1,
191
to realizze its
Details—The
$150,000 hospital bontfs awarded re¬
cently to G. H. Walker & Co. of
St.
Louis, and Quail & Co. of
Davenport, jointly, for $120,000
as 2s, and $30,000 as l%s—v. 162,
p.
57—are dated July 1, 1945.
Denomination
$1,000.
Legality
approved by Chapman & Cutler
of Chicago.
Principal and inter¬
est payable in Chicago.
approved
On
Nos.
Mr.
Illinois
of
/
Nos.166
He
Refund
$1,000,
nautics Commission.
According to the plan, bonds
in denominations of $1,000 will be
issued to holders of the old bonds
was
Bond Call.—Victor L.
chairman
»
To
to
granting
creases
County
nomination
Roberts pointed out these
enabling acts are in addition
statutes already in existence
Mr.
pay¬
District.
will be spent
by Illinois communities during
the next
10 years for the con¬
struction of 170 new airports, it
was
predicted by
Ben
Regan,
Co.,
Kebbon, McCormick & Co.,
First National Bank,
Minneapolis,
> ;>
First National Bank,.
St. Paul,
Wisconsin Co., Milwaukee,
First of Michigan Corp.,
Bacon, Whipple & Co.,
Milwaukee Co.,
Martin, Burns & Corbett,
Stern Bros. & Co.,
Field, Richards & Co., and
Farwell, Chapman & Co.
Board
a
imum of $100,000,000
A. G. Becker &
Sale
par
Enclose
$3,000,
County Non-High Sch. Dist.
No. 216 (P. O. Chicago), III.
tion
Co., St. Louis,
Lee Higginson Corp.,
Bond
the
to
Large
& Trust
(P.
for
Illinois
Mercantile-Commerce Bank
Clay County
check
than
Cook
Co., Chicago,
group bid 100.5899
less
in con¬
airports.
new
.
able
Corp.,
which
calling for an issue of
judgment funding bonds
passed recently.
Chicago, III.
Co., Inc. of Toledo, the
Transit
Equitable Securities Corp., the
Case
Appeal
Notice
Clyde C. Pierce Corp. of Jack¬ Filed—Notice of an appeal from
sonville, and Ogden & Co. of Fort a decision by Circuit Court Judge
Miner upholding the constitution¬
Lauderdale,
as
2s,—v.
161,
p.
2493—were sold at a price of 98.02. ality of legislation creating the
Dated Aug. 1, 1945. Denomination Metropolitan
Transit
Authority
$1,000. Due Sept. 1, as follows: and empowering it to operate a
consolidated
transit
$8,000 in 1951 and 1952, $9,000 in
system
in
J953, $50,000 in 1954, $51,000 in Chicago was filed August 3 by
1955, $52,000 in 1956, $53,000 in State's Attorney Tuohy's office
1957, $54,000 in 1958, $55,000 in■ with the Illinois Supreme Court.
1959, $56,000 in 1960, $58,000 in.
If Judge Miner's findings are
1961, $59,000 in 1962, $60,000 in j sustained by the State Supreme
1963, $61,000 in 1964, $62,000 in Court, the governing board of the
1965, $64,000 in 1966, $65,000 in authority may proceed with ar¬
1967, $66,000 in 1968, $67,000 in rangements to borrow $87,000,000
1969 and $42,000 in
1970.
Said with which to purchase the ele¬
vated and surface lines and an
certificates are optional for re¬
demption, in inverse numerical additional $3,000,000 for working
order
The
merged
company
upon
30 days' published capital.
notice, on Sept. 1, 1950, or on any would be publicly owned and free
Boston
$11,000
iris' &
payment date thereafter
Co.,
Inc.,
Blyth & Co.,
First
for
interest.
accrued
certified
on
in contiguous territory
structing and operating
$11,000
ordinance
cate composed of Stranahan, Har¬
interest
of:
are
Bellwood, III.
—
certificates
28
tion
■
.
in circulation calling for an elec¬
Fla.
Details
of
Election Planned—Petitions
and
Sale
First National Bank, Harris
Trust & Savings Bank, Northern
Trust Co., City National Bank and
Trust Co., and the American Na¬
tional Bank and Trust Co., all of
Chicago, as l%s, at a price of
100.7803, a basis of about 1.295%.
Dated July 1, 1945. Denomination
$1,000. These bonds are due on
July 1, 1965. The next highest
bidder was a syndicate composed
bids
No
cost.
,
sale on
No
July 14, 1945.
The approving opinion of Chap¬
man & Cutler, of Chicago, will be
furnished the purchaser without
6,
Harriman Ripley &
holders of $16,000 6% municipal
yield to maturity IF the com¬
munity continues to pay.
That improvement bonds, dated May 1,
1926, which are the only bonds
has proven too big an IF in sev¬
eral cases.
At the present time of a total of $351,000 affected by
plan of composition which
there are several cities so-called, the
in { default
and
there will
be have not yet been exchanged, are
others. There is nothing alarming being urged to contact John F,
in the situation any more than Partridge,^ secretary of Broward
when in any
given business a County Bondowners' Association,
135 South La Salle St., Chicago,
smalf concern fails because of
,
strike the
Co.,
City
tax
not
was
—*
The $2,000,000
construction bonds of¬
Aug. 9—v. 162,
p. 397—were awarded to a syndi¬
cate composed of the Continental
Illinois National Bank & Trust
Cutler, of Chicago. 7
New
motion to
a
fered for
quired by the Bond Ordinance.
Legality approved by Chapman
&
fund
the
dis¬
that
contended
of
Bond
series
re¬
as
Voss
election held
an
July 25.
on
Mr.
Chicago Sanitary District, III.
operating, maintaining and re¬
pairing the system, and to pay
principal of and interest on these
certificates and to provide the re¬
purposes
ing
tribution
multiples of A4 of 1%.
conditional bids will be received.
These bonds were authorized at
complaint by Joseph B. Fleming,
Attorney for the Park District.
William H. Beckman,- Mr. Voss'
attorney, said he would appeal to
the
State
Supreme Court.
for water services
such
Court
Circuit
in
by Frederick Voss, of the Illinois
Athletic Club, and suppressed by
Judge Klarkowski until the hear¬
sustained
supplied by said system which
will provide revenues sufficient
at all times to pay the
cost of
for
filed
was
specifically itemized.
Judge
Klarkowski,
however,
City has pledged that
it will fix and maintain rates and
serves
issue
not
The
collect charges
ruling
was
issued recently by Circuit
Judge Klarkowski, upholding the
validity of the $24,000,000 park
improvement bond issue approved
by the voters on June 4.
A suit to test validity of the
Bond Validity Upheld—A
properly set up because projects
on which it was to be spent were
City.
tem.
be in
Chicago Park District, III.
at par
Monday, August 13, 1945
Fayette County (P. O. Lexington),
Ky.
Bond
Offering — S. Higgins
...
County Court Clerk, will"
Lewis,
receive
sealed
bids
until
10:30'
Aug. 10 for the. purchase *
of $475,000 IV2% school
building'
on
a.m.
bonds.
revenue
1945.
$25,000
Dated
March
Due
15,
as
Sept.
15/
follows:
<
in
1947, $27,000 in 1948
$28,000 in 1950 to 1952/
$30,000 in 1953 to 1956, and $32,and 1949,
000
in
shall
1957
be
to
1962.
Said
bonds
non-callable
prior to
March 15, 1950, but shall be
op-*
tional for redemption on any
jn«
*
Volume
Number 4411
162
THE COMMERCIAL & FINANCIAL CHRONICLE
terest payment date prior to ma¬
turity in whole or in part in the
inverse order of their numbering,
and in the event of such redemp-
Caddo Parish, Blanchard School
.paid
to
as
will
interest
Bonds
be
held
such bonds at the
any
time of such redemption equal to
3%.
principal
amount
'thereof if called for redemption
on
or
after March 15, 1950, and
on or before March 15, 1954; 2%
thereafter and
An
—
issue
of
on
June
5////''.
Bond Sale—The $45,000 build¬
ing and equipment bonds offered
for sale on Aug 7—v. 162, p. 292—
before March
on or
Voted
No. 27 (P. O. Lake Charles), La.
•
•
Blanchard), La.
Calcasieu Parish School District
the
of
of
(P. O,
$175,000 construction bonds was
favorably voted at the election
"
tiorn, additional
sue
District
15, 1958, and 1% thereafter. The were awarded to Scharff & Jones,
.County agrees to furnish the ap¬ of New Orleans, at a price of
proving opinion of Chapman & 100.15, a net interest cost of about
Cutler of Chicago, as to the legal- 1.41%, as follows:
For $37,000
ity of the bonds and bids may maturing on Feb. 15, $2,000 in 1946
be conditioned only to that ex¬ and 1947, $2,500 in 1948 to 1951,
tent. All of said bonds will bear $3,000 in 1952 to 1954, $3,500 in
interest from Sept. 15, 1945, ex- 1955 to 1958, as lV2s, and $8,000
.cept Nos. 49 to 79, inclusive, ag¬ maturing $4,000 on Feb. 15, 1959
gregating the principal sum of and 1960, as 114s. Dated Aug. 15,
Denomination $500.
The
[$31,000, -which will bear interest 1945.
from Nov. 1, 1945, and the suc¬ next bidder was Glas & Crane, for
;
-
'
cessful
bidder
will
not
be
$41,000, l34s, and $4,000, lVzS, at
a price of 100.008.
re¬
quired to take up and pay for said
31
bonds before Nov.
do
.may
.
that
event
•of
1, 1945, but
its option. In the
prior to the issuance
said
MAINE
at
so
bonds
income
the
Auburn, Me.
there-
Bond* Sale—The
from to private holders, becomes
taxable by the terms of any Fed¬
.
•
bidder,
upon request, will be re¬
lieved of the obligation to accept
to
%s,
price
of
•
bid.
Enclose
certified check for
a
payable
-Treasurer.
-
"
.
tion $1,000.
County,
the
to
$7,000
The
road and
Approval
holders
of
Governor Signs Veterans' Bonus
100.115
Bill—Governor Maurice J.
First National Bank
bridge refunding bonds,
Boston, For %s—4-
dated July 1,1941, are being ad♦vised that a hearing will be held
has
100.119
MARYLAND
of W. L. Knuckles,
State Local Finance Officer
♦at Frankfort, Ky., on August 14,
at 10:00 a.m. (CWT) to consider
the petition of the county for the
approval of the issuance of bonds
•to refund $6.7,000 of bonds of the
at
the office
women.
Montgomery County (P. O. Rock-
;Jr.,
;
•
above-described
issue
will
which
'
become
callable
on
July 1, 1946:
Kentucky (State of)
County
•
Debt
Information
Be Published—The State
ment of Local. Finance
•forward
;
the
to
booklet
;<
To
Depart¬
is looking
preparation of a
"Administration
titled
of
the County Debt Act," which is
intended
to
provide information
desired by the investing public;
v.
In order to get an idea of just
•
-
the
flat
Besides the bonus, which
a total of $60,-
will cost the State
ville), Md.
Bond Offering — J. Forrest
•
•
a
State's
'
Tobin,
bill which pro¬
$100* bonus lor thd
600,000 service men and
signed
vides
,
•
Massachusetts (State of)
Bank,'
Boston, For 34s_—
4y2%
Metropolitan Water Dis¬
(P. O. Boston), Mass.
a saving in water
costs to
city alone of $1,372,000 a year.
the
.
V; Bond i Refunding
000,000, the Legislature set up a
$33,000,000 loan fund from which
Walker, Clerk of the Board of veterans
may borrow six years
County Commissioners, will re¬ from now.
ceive separate sealed bids until
To
finance
the
program
the
11 a.m. (EWT) on Aug, 21 for the
solons increased the cigarette tax
purchase of the following bonds
from two to four cents a pack;
amounting to $885,000, not ex¬ raised the
liquor tax 50 cents a
ceeding 4% interest:
gallon, and doubled for one year
$865,000 series B, issue of 1945, the present 2%% tax on corporate
refunding bonds. Due Sept. l; income over $25,000.
Proposals
as follows: $10,000 in 1948 to
for Jt general sales tax were re¬
1951, $25,000 in 1952 to 1962, jected, as were proposals for in¬
and $50,000 in 1963 to 1973.
creased personal income taxes and
Enclose a certified check for
a variety of other new or added
2% of the bonds, payable to taxes.
■.
:•
t
the County Treasurer.
Boston
Port
Bill
Signed
by
20,000 Hillandale Volunteer Fire
Governor
The Senate enacted
Dept., bonds. Due $1,000 Sept.
would like to have included in
the Port of Boston bill, providing
1, 1946 to 1965. Enclose a cer¬
.the booklet, W. L. Knuckles, Jr.,
a $5,000,000
bond issue now and
tified check for 2%
of the
; State
local finance officer, in a
$10,000,000 later.
The vote was
bonds, payable to the County
.letter to bond houses, is asking
30 in favor, none opposed.
The
:
Treasurer.
'
;for a list of questions pertinent
bill has been approved by Gover¬
Dated Sept. 1, 1945.
Denomi¬ nor Tobin.
to
funding r or refunding opera¬
I v
nation $1,000.
Principal and in¬
tions in Kentucky.
Approval of program was ex¬
terest (M-S) payable at the Farm-!
It is his desire to furnish to the
pressed by Chairman Jay R. Ben¬
ers Banking &
Trust Co.,.Rock; investing public such information
ville. The bonds will be subject ton, chairman of the Greater Bos¬
-as
will assist them in wisely inton Development Committee; by
to
registration
as
to principal
vesting their savings.- It is alsd
Nicholas E. Peterson, vice-presi¬
only.
Bidders are requested to
hoped that this information will
dent of the First National Bank
specify with their bids the rate or
of Boston, and Andrew F. Lane,
Ultimately result in placing the
rates of interest to be paid on the
various counties on a sounder fi¬
manager of the former Port Au¬
bonds, * on which rate or rates
nancial basis.
'
their bids are based and submit¬ thority, who were co-authors of
what
information
bond
dealers
—
•
,
<
'
•
•
.
'Owen
;
'
County
1
(P.
O.Owenton),
Ky.
..
of
1%.
than
one
borne by the
Vp.
specify
awarded
to
the
Bankers Bond Co., of Louisville,
at a price of 102.25.
Dated Sept.
1, 1945.
These bonds are due on
April 15, from 1948 to 1964 incl.
613—were
LOUISIANA
Avoyelles Parish Consolidated Sch.
,Dist. No. 1 (P. O. Mar&wiUe), La.
Sale—The
Bond
;
$750,00(Lim-
or
rate
more
one-tenth of
specify more
may
of
interest
bonds, but
than one
to
Flanders, chairman of the Mass¬
achusetts Committee for Port De¬
be
velopment;
and by Thomas A.
Pappas, a member of the former
Boston Port Authority which now
may not
interest
rate for the bonds of any one ma¬
passes out
turity. The bonds will be awarded
to the bidder naming the lowest
rate
or
named
■
Vs
the report on which the new leg¬
islation is
based; by Ralph E.
rates must be in
Bidders
$59,000 school
building revenue refunding bonds
1 offered for sale on Aug. 1—v. 162,
•
or
The rate
multiples
■:
Sale—The
Bond
ted.
Mr. Flanders stated:
acceptable
proposal and offering to pay not
less than par and accrued interest
the
for
any
bonds.
legally
As
between
the
Aug.
7—v.
•awarded
the
to
and
.Marksville
162,
p.
Union
the
of
gaming the same rate or
ra£e£ of interest, the proposal of
Avoyelles
;Trust & Savings Bank, of Bunkie,
jointly, at
cost
interest
Aug.
$1,000.
price of 100.03,
a
1,
of
1945.
net
Dated
Denomination
These bonds are due Aug.
•1, 1946 to 1966.
bidder
1.5407%.
a
was
The next highest
Scharff & Jones, and
'Associates, at a price of 100.01, a
net interest cost of 1.5423%.
are/Identical
spects, thp/bonds will
in
all
General
Court
marks
a
long
of pro¬
The lowest rate
will
basis
to
of
the
be
be appor-
the
or
America,
sured
rates of inter¬
determined
lowest
County
of
interest
the
of
the
on
cost
bonds
so
issued, from the date of their is¬
These bonds, in the opinion
counsel, will be valid and bind¬
ing obligations of the State Board,
of Agriculture, payable only from,
of
,
the
Port.
This
will
be
not
merely their duty but their privi¬
lege as well, since it will be of
priceless advantage to them in the
years to come."
the net
Union
this
lien
fees
charged
building.
issue
The payment of
bonds, the interest
and the creation and
of
prescribed re¬
a first
will be secured by
serves,
(EST) on Aug. 7
purchase of $29,000 spe-j
cial assessment, rolls 32 to 37,
sewer
and
water
improvement
coupon bonds, not exceeding 5%
interest.
Dated Aug. 1,1945. De¬
nomination $1,000.
Due Aug. 1,
as follows:
$7,000 in 1946 to 1948,
and $8,000 in 1949.
Rate of in¬
such net income and fees.
on
Legality approved by Miller, Canfield, Paddock & Stone, of Detroit.
These bonds are part of a total
issue of $6,000,000, of which $2,440,000 have been sold to a bank¬
ing institution for investment.
Royal Oak, Mich.
Offering—Gladys Holmes,
Clerk, will receive sealed
Bond
terest to be in
multiples of % of
Principal and interest pay¬
City
bids
until 7:30 p.m.
(EWT); on
Aug. 20, for the purchase of $685,-
Co., De¬
The bonds shall be awarded
to the bidder whose bid
student
maintenance of the
the
troit.
new
operation of the
of the facilities of the
use
thereon,
bids until 8 p.m.
1%.
and
for the
Union
able at the Detroit Trust
several
the
derived from the
(P. O.
Grosse Pointe), Mich.
Bond
Offering—Philip Allard,
Village Clerk, will receive sealed
for
of
dormitories and from net income
Woods
Pointe
income derived from the
operation
date called.
on
Grosse
000
produces
ing
issue
of
coupon
1945, water refund¬
bonds. Dated Sept. 1,
the lowest interest cost to the Vil¬
1945.
Denomination $1,000. 1 Due
lage, after deducting the premium
offered, if any.
In determining
the; net interest cost, interest on
premium will not be considered
April
1,
deductible
as
and
interest
as follows:
$15,000 in
1957, $45,000 in 1958, $50,000 in 1959, $55,000 in 1960, $60,000 in 1961,"" $65,000 in 1962,
$70,000 in 1963, $80,000 in 1964, and
$95,000 in 1965.
Optional as fol¬
lows:
$80,000 maturing in 1964,
callable on any interest dat£ on
or after April
1, 1961, and $95,000
maturing in 1965, callable on/any
interest date on or after April 1„
1958, at par and accrued interest.
1947 to
on
bonds will be computed from
Aug.
7, 1945; to the respective maturity
dates.
In addition to the special
assessments levied, the full faith
and
credit
of
the
Village
is
pledged for prompt payment of
the
bonds.
Bids
shall
be
.
condi¬
tioned upon the unqualified opinion of Miller, Canfield, Paddock
Rate of interest to be in
multiples
% of 1%, not exceeding 2%%
Detroit, approving the on noncallable bonds, and not ex¬
legality of the bonds.
The cost of ceeding 2Vz % to first call date and
such opinion shall be paid by the not exceeding 3% thereafter on
Village.
The purchaser shall pay callable bonds.
Principal and in¬
the cost of printing the bonds. terest payable at the Detroit Trust
Enclose a certified check for 5%, Co., Detroit.
General obligations
payable to the Village Treasurer. of the City, which is authorized
and required by law to levy upon
/ Michigan (State of) %
all the taxable property therein
Cash Balance at Record
of
& Stone, of
Figure
—Michigan completed the 1944-45
fiscal year with $147,372,479 cash
on
hand, the largest amount in
such ad valorem taxes
necessary
interest
tion
history, D. Hale Brake, state treas¬
urer, has announced.
A ^recapitulation
of the total
amount
on
The amount outstanding in mu¬
nicipal bonds
lowest
since
was
the
reduced to the
early
1920's,
$1,003,-
465, also the highest in state his¬
tory.
■/'
.
Broken
down,
the
treasurer's
report showed the following fund
thereon,
to the rate
or
amount.
The
der whose bid produces the lowest
interest cost to the City after de¬
hand showed $121,622,-
cash and money due from banks,
and $37,081 in municipal bonds.
as
as may be
the bonds and
without limita¬
to pay
bonds will be awarded to the bid¬
869 invested in United States gov¬
ernment securities; $25,712,547 in
totals:
be found in
that
foundations
can
be
tionhd-edually bbtween all of such |
bidders, but, if this shall prove ' solidly laid for our future.
"From that point on, it will be
unacceptable, the County Com¬
missioners may, in their discretion the duty of industry, transporta¬
determine to which of said bid¬ tion and agriculture to play their
ders said bonds will-be awarded. part in the development and use
est
ceases
while investments earned
whoever he may be and wherever
he may be found, we can be as¬
re¬
Michigan State College of AgricuU
ture and Applied Science (P.O.
Lansing), Mich.
'
Bonds Publicly Offered—An is¬
Arbor.
of
the Port to
bid¬
ders
bidders
"The pass¬
step forward in the task
the bidder offering to pay the lar¬
58—were " gest m^miurn will be accepted;
whofe th^-Mds 6f two or more
Bank
list
to
moting the future prosperity of
the city and state. With a strong
Port Authority and particularly
with the selection by that Au¬
thority of the best manager for
provement bonds offered for sale
on
of existence.
age
of the Port Authority Bill
with the Shattuck amendment, by
combined rates of interest
in
the
September 1,* at par and ac¬
crued interest the District's issue
Price Bid
Merchants National
issued
on
mean
were:
Bidder
•
Ky.
—
on
These bonds are due
Aug. 15/1946 to 1950.
The other bidders
f
Henry County (P. O. New Castle),
Sought
a
Commissioner has
to
1941, refuriding bonds Nos. 50
54, amounting to $5,000.
Dated
Bond Refinancing Bill Signed— Aug. 1,1941. Denomination $1,000.
Due March 1, 1958, optional on
Governor
Tobin
has
signed
a
measure permitting the district to
any interest payment date after
refinance $68,000,000 in outstand¬
Sept. 1, 1942.
Said bonds should
ing bonds, to be retired over a 50- be presented to the Detroit Trust
year
period. It is expected to Co., Detroit, for payment. Interest
100.267, a basis of about 0.66%:
Dated Aug. 15, 1945.
Denomina¬
*$15,000,
bond
Legal List Changes In Munici¬
Obligations—The State Bank
pal
maturity of investments considered legal for
qnder any proposal and deducting ♦Massachusetts savings banks and sue of 1%, 1V2%, 1%% and 2%,
from the total thereof the amount trust funds, as of July 1, 1945.
dormitory
and
union .revenue
of the premium offered to be paid The following changes have been bonds
amounting to $3,560,000 is
for such bonds in any such pro¬ made
since
the
publication of being offered for sale by a syndi¬
posal. The bonds will be delivered the comparable 1944 list:
cate
composed of the First of
to the purchaser within a reason¬
Added
to
List—West
Haven, Michigan Corp., Miller, Kenower
able time after the sale thereof Conn.
(Town); North Hempstead, & Co., Sattley & Co,, Crouse, Ben¬
at the office of the County Com¬ N.
Y.
(Town);
Augusta,
Ga.; nett, Smith & Co., Cray, McFawn
missioners, or at any incorporated Cleveland, Ohio; Inglewood, Calif.; & Co., all of Detroit,
Donovan,
bank or
trust
company
in the Johnstown, Pa., and Shreveport, Gilbert & Co., of Lansing, Mc¬
Cities of Baltimore, Md., Washing¬ La.
\
Donald-Moore & Co., of; Detroit,
ton, D.C., or New York City, with¬
Removed
From
List—Oxford and E. II. Schneider &
Co., of
out expense to the purchaser.
If County,
Me.;
Westbrook,
Me.; Kalamazoo. Dated Aug. 15, 1945.
the purchaser shall specify any
Bristol, R. I. (Town); Southington, Denomination $1,000.
Due Feb.
other place of delivery, such de¬
Ccnn.; Suffield, Conn.
(Town); and Aug. 15, 1948 to 1965.
Re-'
livery shall be at the expense of Orange
County,
N.
Y.;
Glens deemable in advance of maturity,
the purchaser.
The legality of Falls, N. Y.; Altoona, Pa.; New¬ in
whole or in part, on any in¬
these issues will be approved by
ark, Ohio, and University City, terest date, in inverse order, upon.
Niles, Barton, Morrow & Yost of Mo. '/r;
20 days' published notice at 102
Baltimore,
and
the
approving
MICHIGAN
to and including Feb. 15, 1948; at
opinion of this firm will be de¬
Avon Township School District No. 101 thereafter through Aug. 15,
livered, upon request, to the pur¬
1955 and at par thereafter.
3 (Route No. 1, Rochester), Mich.
Prin¬
chasers
of
the
bonds,
without
Bond
Call—L.
A.
Bach or, cipal and interest (F-A) payable
charge.
School Director, calls for payment at the Ann Arbor Trust Co., Ann
trict
of
Boston,
as
at
Co.,
•
delivery and pay for the bonds
•upon the terms specified in such
each
on
Boston
awarded
&
Hawkins
able
MASSACHUSETTS
equipment
613—were
p.
Robert
last date of maturity
said bonds, by adding
the dollar amount of interest pay¬
public
for sale on Aug. 6
offered
162,
—v.
of
t
$35,000
improvement and
bonds
eral income tax law the successful
the
to
any
723§
i
ducting the premium offered, if
any.
In determining the net in¬
terest cost, interest on premium
will not be considered
ible and interest
on
computed
from
the
bonds
the
to
first
as
deduct¬
bonds will be
date
call
of, the
date
on
callable bonds and to maturity on
non-callable
bonds.
No
bid
J for
less than all of the bonds will be
considered.
The
bonds
will
be
Post-war
reserve
fund,
delivered to the purchaser at5 the
$50,879,678; state employes' retire¬
ment fund, $6,247,396; state acci¬ Detroit Trust Co., Detroit.
Bids
dent fund, $4,345,145; teachers re¬ will be conditioned
upon the <un¬
tirement
fund, $1,673,743; non- qualified legal opinion of Miller,
teaching public school employes'
Canfield, Paddock & Stone, of De¬
retirement fund, $654,144;
state
insurance fund, $1,184,236; state troit, approving the legality of the
Said legal opinion and the
police fund, $311,267; workmen's bonds.
compensation injury trust fund, printed bonds will be furnished
$87,543; children's Institute Christ¬ to the successful bidder without
mas fund, $1,164 and other funds
cost.
Enclose a
certified check;
including
general
fund,
$81,for $12,000, payable to the
988,187.
City, j
;
^tr f>$
mmmm
11 tWA&vswwMWtoMMWWM* »*
THE
724,
York,
Minneapolis,
of
These ' bonds
due
are
at
on
Chippewa County (P. O. Monte'
V
video), Minn.
Bond: Sale—The $68,000 refund-
V '■'*
•',
,
.
zing bonds offered for sale on Aug.
2—v. 162, p. 507—were awarded
to Juran & Moody, of St. Paul,
O.80s, at a price of 100.014, a
basis
of
about
0.797%.
Dated
as
July X, 1945., Denomination $1,000.
These bonds are due on July 1, as
follows:
1947
$8,000 in 1946, $10,000 in
tor 1949, and $15,000 in 1950
The next highest bid¬
and 1951.
der was Halsey,
Stuart & Co., for
■
;
r.
successful bidders reoffered
bonds or public sub¬
scription at prices to yield from
0.40 % to 0.95 %,
re¬
funding bonds offered, for sale on
Aug.
6—v.
162,
p.
398—were
awarded to a syndicate composed
of the First National Bank, of
Minneapolis, the First National
Bank, and Park-Shaughnessy &
Co., both of St. Paul, and the C. S.
Ashmun Co., of Minneapolis, as
l*4s, at a price of 100.262, a basis
according to ma¬
z::.- i
turity.
■
Minnesota
(State
Year
In
of)
Reduced By Over
Indebtedness
$7,000,000
Julius A.
—
Scbmahl,
State
Treasurer,
re¬
ported on July 2 that Minnesota's
indebtedness
dropped more than
$7,000,000 in the last year, and
that the general revenue fund had
a
cash balance of $6,064,316 as
the
started
State
its
new
fiscal
...,' zZ,■;r"'T
year.
year
"
$238,000
100.18
above
The
Minn.
Bond ' Sale—The
sealed bids
Bonds Offered for Investment—
the
revenue
start
State's
total
'-'V
fund at the fiscal
a year ago
of
balance
had a cash
$8,270,436, but the
obligation then was
$82,156,508,
as
compared with
$74,860,288 today,' according to
Mr; Schmahl's financial report.
..
of
1.16%.
Dated Aug. 15,
1945.> Denomination $1,000. These
about
bonds1
due
are
Feb. and Aug.
on
15, from 1946 to 1952,
The only
othef ' bidder was J. M. Dain &
,
Co., and Associates) for 1 %s, at a
price of 100.09.
:■
permanent trust
funds also have been augmented,
with the total today recorded at
State's
The
$141,150,847, as against $132,869,003 on July 1, 1944. AM'-iyy;
,-VA
Of the State's indebtedness of
$74,860,288, approximately $45,000,000 represents obligations in
rural credit bonds.
Trunk high¬
bonds of $18,520,000, part of
the indebtedness, remains from an
original issue of $40,150,000.
way
,
Rock
*:
Madelia, Minn.
z
Bonds Voted—The
:
■
improvement bonds will be issued
as
a'result of the election held on
July *24.
r■
Minneapolis,
Minneapolis, Minn.
of
yy'F
Bond
Sale —
The following
bonds amounting to $1,705,000, ofJ
i■
County Consol. School Dist.
(P. O. Hills), Minn.
Bond Sale—The $73,000 refund¬
ing bonds were awarded recently
to
the First National Bank of
No. 66
$10,000 street
as
VAs, at a price
100.30, a basis of about 1.21%.
■
Royalton, Minn.
Election Declared Void—An is¬
sue
of $15,000 Village Hall con¬
fered?for sale on Aug. 6—v, 162,
struction bonds unsuccessfully
p. 398—were awarded to a syn¬
offered on July 2, will be sub¬
dicate: composed of Phelps, Fenn
;'v
& Co
Stone & Webster and Blod-
get, Inc., Paine, Webber, Jackson
mitted
to
the
voters
'
at
an
elec¬
until
8
Aug.
17 for the
purchase of $20,000
building bonds.
Dated Sept. 1,
1945.
Denomination $1,000.
Due
Sept. 1, as follows: $1,000 in 1948
to 1963, and $2,000 in 1964 and
Bonds maturing in 1956 to
1965.
1965 are subject to prepayment on
Sept. 1, 1955, and on any interest
date thereafter at par.
Bidders
to
p.m.
on
the rate of interest in
name
a
multiple of lA or one-tenth of
1%.
Principal and interest pay¬
able at any suitable bank or trust
(P. O. Columbus), Neb.
Tenders
W.
Wanted—C.
Lincoln, Neb.
Bond Election
Socorro County Rural
Recommended-—
issue of $250,000 general
furnish
the
executed bonds
printed
and
the
and
On July
an
18, the City Council re¬
report recommending
bonds
improvement
hospital
be
approv¬
No. 5
ably voted at:
cently.
•
of
will
bonds
be
are
within 30
bid.
made
as
soon
as
Enclose
a
certified
check
for 2% of the bonds bid
for, pay¬
able to Walter J. Polain, District
Treasurer.Z: ^
Fy
Wheaton, Minn.
Ordinance
nance
000
bonds
000.
Due
1962.
$5,000 Jan.
Bidders
of interest in
to
1948 to
1,
name
the
cost.
Enclose
certifi ed
cheek
for $1,500, payable to C. G. Leaman,
calling for an issue of $35,system
assessment
water
Bonds Voted—An issue of
-
Tucumcari Municipal School Dist,
(P. O. TucumcariN. Mex.
Bonds Authorized—On
July 19
Township Committee passed
on
final
reading an ordinance
calling for an issue of $7,500 street
improvement bonds.
Bonds Voted—An issue of $172,000 construction bonds was favor¬
ably voted at an election held re¬
cently.
These bonds are to be
used in regards to a post-war pro¬
gram.
:■
;.Z':
the
West
Bond
Authorized
The
—
following 3 Vz% refunding bonds
amounting to $100,000 were au¬
thorized
recently
by the City
Council: $86,000 general refund¬
ing, and $14,000 water bonds.
These b onds
will
replace out¬
standing 4% obligations.
NEW
basis
a
of
about
0.696%.
Denomination $1,000. These bonds are due on Sept.
1, as follows: $14,000 in 1946, and
$10,000 in 1947 to 1950, The other
were
follows:
as
Bidder
Price Bid
Francis I. DuPont &
r
,
,
.
.
, ,
•
.
:
Halsey,
100.167
Stuart
&
•
■..
•
'
Salomon
For
R.
100.087
Bros., & Hutzler,
Is
D.
100.22S
...
White
8c
Co.,
For 1.10s
St. Louis Park, Minn.
fered for sale oh
First National
Bank, St.
awarded to the Northwestern Na¬
Eldredge & Co.,
,
Illinois Co., Chicago, and
C. S.? Ashmun Co.,
tional Bank of Minneapolis, as
1.10s, at a price of 100.408. The
next
highest bidder was Piper,
Jaffray & Hoowood, for 1.20s, at
a price of 100.30.
Warrants
$35,000
Paul.
jointly
-
100.21
Sold
sewer
—
An
son
issue
of
was
of¬
Aug. 6 and
was
warrants
Falls,
Citizens
and
the
Ravalli
both
of
Hamilton,
price of
The
par.
next
State
County
as
and
Bank,
at a
1.15s,
Dated Sept.. 15, 1945.
highest
bidder
Charles N. Tripp Co.,
2s,
Bank,
.
was
for $47,500
$47,000,. l%s, at a price
of 102.007.
to
1959, as 1V4S. and $48,000 ma¬
turing Aug. 1, $10,000 in 1960 to
1963, and $8,000 in 1964, as
Dated Aug. 1,
$1,000.
IV2S.
1945. Denomination
Interest F-A.
Financial Standing Greatly Im¬
proved—Cushman
McGee, of R„
Pressprich & Co., investment
bankers: of New York City, last
week wrote to the City of Long
Beach indicating his reaction to
the
day-long. question-bee and
W.
tour which the
for
Bonds
Voted
—
The
following
bonds amounting to $227,000 will
City had provided
a group of 19
representatives
bond houses, on July 24.
Of
of
the event, probably unprecedented
in the annals of municipal admin¬
istration, Mr. McGee wrote
Mayor Theodore Ornstein:
"The
information
which
to
you
provided about the City and its
finances last week, when you in¬
vited
a
meet
with
number of bond
and
you
men
other
to
City
officials, was very specific and
enlightening. I appreciate your
including me in the group because
I
was
glad to learn about; the
City's present condition.
"Obviously, there has
been
a
big
improvement in the City's
standing during recent
years.
This is capably reflected
in the comprehensive report of
the City Auditor which you dis¬
financial
tributed."
Others
1
those
present
have expressed similar views. Mr.
H. M, Schmidt, of Blyth &
14 Wall
among
Co.,
Street, wrote the Mayor:
"I wish to congratulate
you and
associates on the very com¬
your
plete presentation made and also
to
thank ;you
for
your
generous
hospitality. I was very favorably
impressed with what you and your
administration have accomplished
in putting your finances in
order
and
School Districts
(P. O. Lexington), N. Mex.
Lea County
100.077
Long Beach, N. Y.
.
Blyth & Co.,
E. H. Rollins & Sons,
First National Bank,
Minneapolis,
Co.,
For 0.90s
_
■'
Co.,
For 0.90s
.
.
Dated
Sept. 1, 1945.
Clovis),
N.Mex.
Village Treasurer.
Stream), N. Y,
$54,000 school
on Aug.
9—v. 162, p. 615—were awarded
to
the Valley Stream National
Bank, as 0.70s, at a price of 100.01,
Sale—The
site- bonds offered for sale'
bidders
MEXICO
Clovis School Dist. (P. O.
NEW YORK
Hempstead Central High School
Dist. No. 1 (P. O. Valley
Bond
Wildwood, N. J.
Issue
$60,-
ably voted at an election held on
May 28. These bonds are to be
part of a post-war program.
was
Holly Township (P. OV >
Mount Holly), N. J. :yA:\ V'
a
a
ordi¬
Mount
rate
multiple of % or
one-tenth of 1%.
Principal and
interest payable at any suitable
bank or trust company designated
by the successful bidder. No bid
for less than par and accrued in¬
terest.
The approving opinion of
Dorsey, Colman, Barker, Scott &
Barber of Minneapolis, will be
furnished the purchaser without
An
—
passed on July 24 by
the
Township Committee.
The
measure came up for final read¬
ing on Aug. 7.
Bond
Offering — C. W. Skoglund, Village Clerk, will receive
sealed bids until 8 p.m. (CWT) on
Aug. 21 for the purchase of $75,000
hospital
construction
and
equipment. coupon bonds. Dated
Sept. 1, 1945. Denomination $1,-
Passed
election held re¬
000 construction bonds was favor¬
Burlington Township (P. O.
Burlington), N. J.
said
ready, and in any event
days after acceptance of
an
Taos Municipal School District
(P. O. Taos), N. Mex..
1
NEW JERSEY
purchaser, and delivery there¬
School Dist•
(P. O. Lajoyal), N, Mex;
$20,-
000 construction bonds was favor¬
tion to be held in the near future.
the
z.
Bonds Voted—An issue of
submitted to the voters at an elec¬
ing legal opinion of Dorsey, Colman, Barker, Scott & Barber, of
Minneapolis, both without' cost to
Bonds Voted — An issue of
Curtis, First of Michigan Corp.,
lion (P. O. Route No. J,
$160,000 cohstruction bonds will
York, J. M. Dain &
election was declared void.
be issued as a result of an elec¬
Co, of Minneapolis, and the Mil¬
Paynesville), Minn.
waukee Co. of Milwaukee, as Is, St. Louis County Unorganized TerThese bonds
Bond Sale Details—The $14,000 tion held recently.
are
to
be
at a^price of 100.158, a basis of
ritory (P. O. Duluth), Minn.
part of a post-war
road and bridge bonds awarded
Bond
Offering—W. W. Salmi, on
about 0.97%:
/
July 16 as IV4S, at a price of program.
Clerk of the County Board of
100.12, a basis of about 1.23%$1,405,000 refunding bonds. These
Colfax County School Districts
Education, will receive sealed bids were soid to Piper, Jaffray &
Z- zC bonds
are
due on Sept. 1,
(P. O. Ronton), N. Mex.
until 2 p.m. (CWT) on Aug. 15
Hopwood of Minneapolis.
i from 1946 to 1955, incl.
Bonds Voted — The following
for the purchase of $398,000 fund¬
bonds amounting to $45,000 were
300,000 public relief bonds. These
MISSISSIPPI
ing bonds, not. exceeding 2% in¬
i bonds
are
due on Sept. 1,
favorably voted at an election
terest
z.
held recently:
from 1946 to 1955, incl.
'
Batesville, Miss. v
Dated
July 1, 1945. Denom¬
The bonds are dated Sept. 1, ination
Bond. Sale — The $50,000 im¬ $30,000 Springer Municipal School
$1,000.
Due $38,000 Jan.
District bonds.
1945.
Denomination $1,000. The and
$100,000 July 1, 1947V $100,000 provement bonds of 1945 offered
for sale on Aug. 8—v. 162, p. 399
next highest bidder was Salomon Jan. and
15,000 Miami Rural School Dis$80,000 July 1, 1948, and
Bros. & Hutzler, Mercantile-Com¬
;
trict No'. 22 bonds.
—were
awarded
to
the
Union
$80,000 Jan. 1, 1949.
The bonds
merce
Bank
&
Trust
Co..
St. will be awarded to
Planters National Bank 8c Trust
These bonds are to be used in
the bidder who
Louis, Lee Higginson Corp., and offers to. purchase the issue at the Co. of Memphis, as 1Y2S, at a part of a post-war program.: zvz;
Harold E. Wood & Co., jointly lowest
single rate in a multiple price of 101.00. These bonds are
Guadalupe County Municipal Sch.
for Is, at a price of 100.157. Other of
1/10 or % of 1%; if there is due over a period of twenty years.
bidders were as follow: V
The next highest bidder was the District No. 8 (P. O. Santa Rosa),
more than one bid at the lowest
N. Mex.
First National
Bank, Memphis,
Bidders
Price Bid coupon
rate offered,
then the
Bond Issue Post-war—An issue
bonds will be awarded to that for iy2s, at a price of 100.95.
1
For 1% Bonds ■
of
$30,000
construction
bonds,
bidder, at such low rate, who
MISSOURI
favorably voted at the election
First National Bank, Chi¬
offers the largest premium to the
held on May 29, will be sold as
cago; :
Ferguson School District, Mo,
County Board of Education. Prin¬
part of a post-war program.
Northern Trust Co., Chicago,
cipal and interest payable at any
Bonds Voted—An issue of $110,Bante of America National
Las Cruces Municipal School Dist,
suitable bank or trust company* 000
improvement
bonds
was
Trust & Savings Associa¬
AH bids must be unconditional
(P. O. Las Cruces), N. Mex.
favorably voted at the election
tion, San Francisco, and
except as to legality of said bonds held recently.
Bonds Voted—An issue of $100,City National Bank &
;: ; ;
and of the tax levies pledged for
000 construction bonds was favor¬
Trust Co., Kansas City,
MONTANA
their
payment, which may be
ably voted at an election held re¬
;
jointly
100.137
made conditional upon the legal
cently. :■
V'v- v :
Fort Benton, Mont, .'jv? >
opinion of Gillette, Nye, Harries &
^ t'un
- -.& ■
Bond Election Held—An issue Las Vegas Municipal School Dist,
Montague^ of Duluth, whose opin¬
r Hasley, > Stuart
& Co.
N. Mex.
of $25,000
water system bonds,
ion must be accepted by the pur¬
Lehman Bros.,
Bond Sale Details—Bosworth,
not exceeding 4% interest, was
chaser.
The
First Boston Corp.,
County Board of
V
;
submitted to the voters at the Chanute,
Loughbridge
&
Co.,
Education will furnish the printed
Blair & Co., Inc.,
were associated with Boettcher &
election held on Aug. 9.
bonds and the above legal
Estabrook & Co.,
opinion
■/.
Co., and Peters, Writer & Christo
the purchaser
without cost. Sanders County (P. O. Thompson
Eastman, Dillon & Co.,
tensen, all of Denver, in the July;
Delivery of the bonds will be
Otis & Co.,
Falls). Mon*.
31 purchase ot $160,000 building
made to the purchaser within 30
Bond
Sale—The $95,000 court
Piper, Jaffray & Hop wood,
:
bonds,—v. 162, p. 614. The group
days after the sale.
Enclose a house bonds offered for sale on
and- '
;•
paid a price of 100.16, a net inter¬
certified check for $8,000,
Danieh F. Rice & Co.,
pay¬ Aug.
8—vz
162,
p.
508—were est cost of
1.348%, as follows:
jointly
100.239 able to the Treasurer Board of awarded to a syndicate composed
$112,000 maturing Aug. 1, $6,000
Education.
Smith, Barney & Co.,
of the First State Bank of Thomp¬ in 1948 and 1949, $10,000 in 1950
&
all: of New
District No. 16 bonds
,
a
will
election
55,000 Tatum Rural School Dis¬
tice, Assistant Treasurer, will re¬
trict No. 28 bonds
ceive sealed tenders until Aug.
10 for the purchase of $874,000 Roosevelt - County School Districts
Consolidated Eastern System re¬
(P. O. Portales), N. Mex. Bonds
Voted—The
following
funding revenue bonds. Tenders
will be accepted at any price not bonds amounting to $110,000 were
in excess of the call price or in¬ favorably voted at an election held
consistent with the market.
A recently
-!v
■ O'
-•. ^
specific number of bonds will be $100,000
Portales Municipal
purchased from
each maturity
School District bonds
beginning Jan, and July 1, 1946
10,000 Roosevelt Rural School
to Jan. 1, 1972,
District No. 39 bonds
ceived
The District
an
•
$172,000 Hobbs Municipal School
:
Pren¬
that
considered;
result of
as a
rfcentlv:
District
will be
bonds
on Aug. 14. "These
favorably voted at the
election held on May 8, but the
Power
company designated by the pur
chaser.
No bid for less than par
tion to be held
were
be issued
h «=Jd
Public
■
Offering — William
A.
Hahn, District Clerk, will receive
Bank, Minneapolis,
jointly
The
■Minn.
Monday, August 13, 1945,
NEBRASKA
Consumers
Bond
and
•.
Northwestern National
Is, at a price of 100.61.
'
Inc.;
•
.
.
; "
par.
$5,000
July 1 from 1946 to 1949, inclusive,
i
Ripley & Co.
Harriman
Bond, Sale—The $20,000 1% re¬
funding .bonds offered for sale on
Aug,
6—v.
162,
p.
398—were
awarded
to the
First National
Bank,
Sibley County Community School
District No. 35 (P. O. Auburn),
Co., New
Bankers Trust
MINNESOTA
Brainerd, Minn*
AF
COMMERCIAL & FINANCIAL CHRONICLE
also
ments
the
of-the
physical improve¬
City's, facilities and
the residences therein."
There have been, many
requests
for the comprehensive audit
pre-
,
■Z
M
ii
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4411
Volume 162
John
McCabe, City
and Municipal Report,
prepared by Maxwell Lehman,
pared
by
Auditor,
the
was
of
on
The location of the Chi¬
office, which will be opened
announced
October 1, will be
later.
of
Establishment
Chicago
the New York port
approved by the Port
Authority
Commissioners
last
May as part of the program to
meet intensified competition for
State-
office
board
a
by
low-sent housing projects
in New York City to accomodate
was
Permission
two
build
to
aided
approximately; 2,650 low-income
families has been granted by the
National Housing Agency, it was
announced July 31 by Commis¬
sioner
the
T.
Herman
of
Stichman
Division
State
of
October 1, was set as
Housing.
the official
building date.
The
two
will
house
1,338 families,
the tentative cost of which is es¬
timated
at
commerce
Western
from
and
gulf
Atlantic
North
ports, and to assure a high level
of port employment at New York
in the post-war period, Chairman
Cullman said.
Brownsville Houses in Brooklyn,
which
Middle
rival
will be the
projects
$8,167,000,
the
and
NORTH. CAROLINA
man¬
marine
department
the Chicago "Journal of Com¬
cago
York, N. Ym
Housing Agency Ap¬
Two Housing Projects-
National
proves
of
merce".
Public Relations Director.
New
Weiss, until recently,
ager
Weiss
"Mr,
is
outstanding
an
expert in the fields of ocean and
transportation and has
had extensive experience in the
Port of New York as well as in
railroad
James Weldon Johnson Houses in
Chicago,"
the
Harlem, ; which will accomodate
1,310 families at an estimated
over-all cost of $9,974,000. These
funds, plus 10% as a margin of
safety factor, are to be loaned by
chairman
said.
Port
■
Authority
"His
knowledge
of offshore and domestic
operations
shipping
the
Port of New
acquaintance
with steamship and other mari¬
York
and
at
his
wide
of
above
the
being advised that W. E.
Easter ling, secretary
of the Local
Commission, P. O.
Box 430, Raleigh, N. C., desires
to contact holders of $8,000, 6%
Government
water
bonds
of
issue
an
dated
Concord, N. C.
Bond Election—It is stated by
Walter D. Brown, City Clerk, that
an election is scheduled for Sept.
in
11
order
to
have
the
voters
the issuance of $257,000
Sidewalk, street, sanitary sewer
system and recreational facility
pass
on
particularly valuable as our Chi¬
bonds.
cago office manager. In addition,
his work on the Chicago "Journal
Gaston County (P. O. Gastonia),
of Commerce" has given him the
N. C.
same type of experience and con¬
Bond Sale—The $125,000 coupon
tacts
in
the
important central semi-annual school
building bonds
western territory." >■.
;;'
'V; offered for sale on Aug. 7—v.
162,
Mr. Cullman explained that the p. 614—were
awarded to John
Chicago office of The Port of New Nuveen & Co., of Chicago, and
York Authority will be similar to the Wachovia Bank & Trust
Co.,
those of other port agencies al¬ of
Winston-Salem, j ointly, at a
ready established there, and will price of 100.013, a net interest
after
negotiations initiated by the
State Division of Housing, and in
which Charles S. Ascher, Regional
Director of the NHA and repre¬
sentatives of the New York City
Authority
Housing
participated,
motion Governor Thomas
sets in
E.
Dewey's post-war public hous¬
ing program to provide decent
living quarters for families whose
incomes
are
so
low that their
housing needs cannot be supplied
by
private interests.
Commis¬
stafed
be
by
and a
throughout
manager
a
Shippers
secretary.
him
make
the central western territory will
be contacted, and the office will
sioner Stichman said that 17 such
work
projects have already been con¬
tracted for throughout the State,
ship lines to obtain the routing
of freight through the New YorkNew Jersey port gateway.
while
several
others,
are
under
with
railroads
and
steam¬
consideration.
The State Insurance Fund of New
New York State Bridge Authority,
N. Y.
*
Ruling
on
Financing Ferry Proj¬
ect—Nathaniel L.
Goldstein, State
Attorney-General, has ruled that
the authority may employ moneys
in
its
improvement
fund
to
finance acquisition of a public
ferry across the Hudson River be¬
tween Kingston
and Rhinecliff.
; Under
legislation enacted at the
1945 session of the State legisla¬
ture the authority is empowered
to acquire and operate the ferry
; and to finance the project through
issue of bonds
an
secured
by- "a
York, N. Y,
Bond Offering—William L. Fan¬
ning, Chairman of the Commis¬
sioners, has announced that the
State
Insurance
Fund
of
New
York will receive sealed
proposals
Av.,
New York, 22, N. Y., until 10:30
a.nv <EWT) on Aug. 14 for the
purchase of 20 lots of fully regis¬
tered New York Municipal bonds
amounting to $375,696.
Mr.
Fanning also announces
its office
at
.
New
York,
administrator, will
proposals at the
same
time for the purchase of
" "
"
fully registered New York and
New
Jersey
Municipal
bonds
aggregating $806,500, owned by
the Aggregate Trust Fund of New
York, and consisting of Lots 1-A
receive
as
sealed
pledge of ferriage charges." When i
preliminary engineering estimates
indicated that the ferry could not
be self-supporting, the authority
broached the question of using
available cash in its
Improve¬
ment Fund, rather than a bond to 19-A.
issue, to pay for the facility/
All purchases will be subject to
.Thereupon, Comptroller Frank C. the approval of the Superinten¬
Moore asked the Attorney Gen¬ dent of Insurance of the State of
eral for an opinion on the legality New York.
of such procedure,
Replying, the
Trihorcugh Bridge Authority, N. Y.
Attorney General said:
;
"In
of
my
the
opinion the
1945
statute
provision
that the
cost
of
acquisition 'shall' be paid from
the proceeds of a bond issue does
not prevent using cash for that
purpose if it is available.
This
provision of the statute was neces¬
sary primarily to authorize the
issuance of ferry bonds, and to
make clear that such bonds should
not
be
a
charge
enues
from
of the
the rev¬
other properties
upon
Authority,
any.
.
:
"It would be contrary to normal
Six
Month
Interest
lature
to suppose that the Legis¬
was insistent
upon borrow¬
ing money in preference to using
cash
if
cash
is
available.
The
word 'shall' does, not
always
cate a
,
indi¬
mandatory, requirement,
but may often be interpreted as
permissive or directory only."
Exceeded
Operating
Revenues of the above
Authority
interest
costs
and
ex¬
oper¬
ating expenses for the first time
since 1942, according to the semi¬
annual
report
of
George
E.
Spargo, general manager and sec¬
of
the
authority.
Mr.
Spargo also reported savings to
the city effected in recent weeks
through the administrative con¬
solidation of the bridge agency
and the New York City Tunnel
retary
"The
a
net
interest
1.14%.
Third
follows: \
■<
cost
best
of
bid
Port
of
cago
New York
.
Appointed Chi¬
Office Manager—Howard S.
Cullman, chairman
ity,
Authority
Weiss
of the Author¬
announced
recently the ap¬
pointment of George H. Weiss as
manager of the Chicago office to
be opened by the joint New
York-
was
as
Int. Rate
Co.T
IV*
100.139
Ordinances rassed—On July 28,
the Board of City Commissioners
Bond
New
Jersey
port
agency.
Mr.
to
tunnel
serve as
authority.
members of the
,
Sale
—
tional Bank of
Sanford, as 2s, at
.price of 100.644, a net interest
cost of about 1.89%.
Dated Sept.
1,
1945.
Denomination
$1,000.
These bonds are due on March 1,
a
from 1948 to 1968, inclusive.
The
next highest, bidder was R.
S.
Dickson
& Co., for $35,000, 2VzS,
$30,000, 2s, and $35,000, 2y4s, at a
price of 100.00,
a
net interest cost
of about 2.222%.
Washington County (P. O.
Plymouth), N. C.
Bond
Election
An
issue
of
Maddock, N* D.
-
,
Bonds Voted—An issue of $60,-
000
municipal electric light and
power plant site purchase rev¬
tion
—
the Bank of North Dakota of
Bismarck.
Dated Sept.
1, 1945.
Denomination
$500.
These
$1,000 and one for
bonds are due on
Sept.
1, from 1947 to 1955. The
highest bidder was Rollette
County Bank, Rolla.
ville), Ohio
Attica School District, Ohio
Certified—An issue
of
$100,000 school purpose bonds
has been recently certified by the
Board of Education to the County
Auditor, so that the bonds may be
the
voters
at
the
November election.
of
sue
$70,000 bonds
School
District,
Ohio
of $193,000 construction bonds
Euclid
School
New
Bond
Boston, Ohiot
Sale—The
'
?
semi¬
annual refunding bonds offered
for sale on Aug. 6—v. 612, p; 509—
awarded
were
$16,000
Fox
to
Reusch &
Co., Cincinnati, as lVzs, at a price
of 100.14, a basis of about 1.49%.
Dated Aug. 1, 1945.
Denomina¬
tion $1,000.
These bonds are due
on Nov. 1,. in 1954 to .1956.
The
next
highest bidder was Weil,
Roth & Irving Co., for 1%^,, at a
price of 100.337.
.
New
Riegel School District, Ohio
Election Planned—An is¬
Bond
sue
of
an
$160,000 construction bonds
may be submitted to the voters
election
in
held
be
to
.
Oak Harbor, Ohio,i
Bond Call—The
Village Council
passed a resolution calling,/ for
payment on September !,/■ first
mortgage water works revenue
bonds amounting to $32,000, part
of an issue of $40,000, Nos^ 1 to
40. Denomination $1,000.
.
Ohio
(State of)
Bank
— (|
Purchase^ of
Bonds—It
Revenue
is
announced
by H. E. Cook, State Superinten¬
dent of Banks that a hearing will
be held in Columbus on Sept. 4,
on
proposed regulations for* the
purchase of "revenue bonds" by
Ohio banks.
The recent legisla¬
tive session witnessed the ^enact¬
-
of
permitting
measures
banks to invest in bonds issued for
works, which meet obligations out
of revenues, subject to conditions
prescribed by the banking super¬
intendent, and the banking 'ad¬
visory board.
The bill becomes
effective Sept. 29.
' J f
At present permission for Ohio
to
invest
in* "revenue
banks
bonds" must
District,
such
bonds
chase up to
$1,850,000
high
school
building bonds will be submitted
to the voters at the general elec¬
tion to be held in November.
and
their pur¬
leave
the institutions.
He added that "revenue bonds"
population still
would
require
purchase approval of the^State
Banking Superintendent. : Icri
i
Ohio
(State of) '
Prices
Bond
White &
weeks
of
from the'bank¬
issued by towns of less than 1,500
Aug.
Ohio
come
superintendent.
Mr. J Cook
said
the
proposed
regulations;
would set up qualifications for
ing
available in the
Bond Election Planned—An is¬
sue
author¬
was
to
Planned—An is¬
will be placed on the ballot at "an
election to be held in November.
now
.
by the County Com¬
cover
the; cost of
appraisal of all taxable ;ffeal es¬
tate in the County.
*
missioners
ment
sue
y
ized recently
Proposed
Bond Issue
Bond Election
in: November.
County (P. O. ,Steuben-
Bond Issue Authorized—An is¬
OHIO
to
held
be
to
Jefferson
November.
to
Sale—The
$100,000 cou¬
sewer
bonds
offered for sale on Aug. 7—v. 162,
p. 614—were awarded to the Na¬
An i§spe of
improvement
may-' be
on the ballot at an elec¬
The
$10,000 city
bonds offered for sale on Aug.
8—v. 162, p. 509—were awarded
semi-annual
.
man,
Rolla, N. Dak,
Bond
Municipal Light and Water Fund.
gressing rapidly," said Mr Spargo, $250,000 construction bonds will
"and I am glad to report that be submitted to the voters at an
savings to the New York City election to be held on Sept. 25.
Tunnel Authority in excess
of
NORTH DAKOTA
$75,000 a year have already been
made possible through this
co¬
Kindred School District, N, D.
operation."
Bonds Voted—An issue of $5,000
On June 30 Mayor F. H. La
Teachers' Home purchase bonds
Guardia appointed Commissioners was
favorably voted at the elec¬
Robert Moses, who is chairman of tion held on July 27.
bridge authority, and George
tion certificates."
from funds
Sanford, N. C,
consolida¬
McLaughlin, who is vice-chair¬
anticipa¬
the
tion bonds.
.
V.
revenue
Bid ufell-Springfield Rural School
District (P. O. Bid well), Ohio
following bonds
;■■{\Bond Election Planned—An is¬
amounting to $244,000:
$34,000
sue of $50,000 construction bonds
sanitary department trucks and will be submitted to the voters at
equipment, $5,000 fire alarm sys¬
the November election.,
tem, $10,00Q street sign installa¬
Doveri Ohio
tion, $75,000 street improvements,
$15,000 public roads, streets, high¬
Legislation
Passed—The
City
ways,
or
sidewalks, $8,000 ac¬ Council has passed legislation to
quisition of trucks, machines and Submit to the voters at the general
equipment for street construction election to be held on Nov. 6, the
and maintenance, $18,000 acquisi¬
$100,000 bonds for the establish¬
tion of land for the City Lot, ment of a
city park.
If approved,
$4,000
Department
of
Public the issue will bear 2% interest
Works Accounting Machine, $50,- and be retired at the rate of
$5,000
000 sanitary sewer
construction a year over the next 20 years.
and $25,000 fire station construc¬ The
City itself may buy the bonds
of
Election
the act "is de¬
passed ordinances calling for the
issuance
placed
at
legality of the
Price Bid
Raleigh, N. C.
tion of .the two authorities is pro¬
the
on
sirable to allay all suspicion and
doubt concerning the validity and
Bettsville
Bidder
Halsey, Stuart &
about
'
George
Court decision
submitted
V;■ r,v:.
administrative
,;v
Although declaring that he and
other attorneys in his office, be¬
lieve the act constitutional, Mr.
Johnson said
a
State
Supreme
.;
at
Cost- pon
during the first half of 1945
ceeded
principles of public finance, how-- Authority.
ever,
Revenue
and
State's
one-cent gasoline tax.
of about 1.13%, as follows:
$90,000 maturing $10,000 Aug.
1, 1946 to 1954, as lV4s, and $35,000
maturing Aug. 1, $10,000 in 1955
and 1956, and $15,000 in 1957, as
Is.
Dated Aug. 1, 1945.
Denom¬
ination $1,000.
The next highest
bidder was the Branch Banking &
Trust Co., Wilson; For $30,000, 3s,
and $95,000, Is, at a price of 100.04,
cost
at 625 Madison
that the State Insurance Fund of
monies received from the
next
For
$43,000
,
inclusive^ and maturing from 1933 ; the State Supreme Court for a
to 1948, for .the purpose of effect¬ final decision.
ing settlement of the outstanding
Adopted by the electorate at the
indebtedness of the town, through 1944
general election, the initiated
the means of a refinancing plan
act provides for the sale of up to
now in
process of being formu¬
$12,360,000 in highway revenue
lated. Holders of any or all of the
anticipation certificates to raise
bonds are requested to communi¬
funds for post-war highway im¬
cate with Mr. Easterling, furnish¬
provement and construction. Such
ing description of the bonds held certificates would be retired by
with earliest coupons attached.
(P. O, Columbus), Ohio
Bond
North Dakota
recommended that it be taken to
are
bonds
Grandview Heights School District
held
May 1, 1924, and consisting of 16
town
of
time
here
favorably voted
on July 24.
was
election
bonds of $500 each, Nos. 7 to 22,
holders
Approval of these two public
housing projects by NHA Admin¬
istrator John B. Blandford, Jr.,
interests
at the
(State of)
Legality of "Good Roads" Meas¬
ure
May Be Determined—In an
opinion to State Highway Com¬
missioner N. OWen Jones, Attor¬
ney-General Nels Johnson said,
Aug. 2, that his office deems the
1944 North Dakota initiated "good
roads"
bill
constitutional,
but
the State.
»
bonds
enue
v
Columbus, N. C.
Bond Retirement Sought—The
725
8
Steady
A.
—
Co., Cincinnati, reported
as
follows:
After two
of slow
decline, prices in
municipal market; have
the Ohio
held about steady during the past
week. Our index of the yield on
Ohio
20
bonds
stands
today
at
1.26%,
compared with 1.25 % a
week
ago,
and with 1.20%
a
Fairport, Ohio
ago.
Our index :.of ; the
Bond Resolution Passed — A month
on
10 high grade, Ghios
resolution calling for an issue of yield
stands today.at 1.05%, unchanged
$30,000 storm sewer construction
from a! week ago; but compared
bonds was passed recently by the
with 1.01%
a
month aga:><The
Village Council.
:
index for 10 lower grade; bbnds.
Franklin County (P. O. Colum¬
is
1.47% today, compared With
bus), Ohio
1.46% a week ago and with li39%
Bond Sale—The $140,000 Frankr a month
ago.
'
lin Sewer District No. 4, Sewers
Salem, Ohio
*
Improvement No. 186 bonds offer¬
,
,
y
ed for sale
on
Aug. 7—v. 162,
p.
Bond
Issuance
Authorfzed-t-On
awarded to the Ohio July 27 the City Council author¬
Co., of Columbus, as Is, at a price ized the issuance of $100,000 water
construction mortgage
of 100.893, a basis of about 0.83%. reservoir
Dated Aug. 15, 1945.
'a
Denomina¬ bonds.
tion $1,000.
Due on March 1 and
Springfield, Ohio
Sept. 1 in 1946 to 1955, inclusive.
Bond Election Planned;^ The
The
next .highest
bidder was
following bonds amounting td' $3,Braun, Bosworth & Co., Inc., and
945,500 may be submitted to the
Fullerton & Co., jointly, for Is, at
voters at the November election:
a price of 100.415.
Other bidders
$1,750,000 sewer system bonds. ,
were as follows:
-.V V
399—were
,
,
.
Int. Rate
Bidder '
Van Lahr,
Price Bid
Dal!' &
"
1.00%
Stuart & Co.--- l.C|0
Isphording
Halsey,
—
100.35
100.274
970,000 parks bonds.
1,225,500
,
under
and
.
over
f *
.
V
Jpass
and industrial highway bonds.
726
THE COMMERCIAL & FINANCIAL CHRONICLE
gated $16,965,414, compared with
Springfield School District, Ohio
Bond Election
of
sue
Planned—An is¬
school
amounting
$15,707,571
bonds
purchase
taxes
same
$3,600,000 may be
submitted to the voters at an elec¬
year ago..
against
$1,902,289,
tion
to
to
held
be
sometime
November.
in
Elections
the
voters
held
to
the
at
submitted
be
election
to
bath
and
$423,750,
$113,950 in the
were
swim¬
ming pool construction bonds.
100,000 bridge construction
100,000
depot
'
plaza
site
300,000
incinerator construction
equipment bonds.
900,000 hospital
and
health
and
.
center
construction
and
purchase bonds.
150,000
storm
sewer
; ..bonds.
;
site
system
Warren, Ohio
Tax
2
$65,000 refund¬
ing bonds offered for sale
on
at
30
Co., of Columbus, as %s,
price of 100.03, a basis of
a
1945.
0.743%.
$500.
These bonds
Bidder
Int. Rate
Premium
1%
279.50
Cleveland
1%
Halsey, Stuart
Chicago
&
V;!;.:
%
'
467.00
OKLAHOMA
thorized:
$65,000
.
$100,009 were
22,500
au¬
.V
■
community
building
"
and
•
Mooreland, Okla.
f
Bond Sale—The $25,000 hospi¬
extension
and
equipment
bonds were awarded on Aug. 7
to
the R. J. Edwards, Inc. of
Oklahoma
City,
as
l3/gs, at a
price of 100.05, a net interest cost
of 1.372%. The next highest bid¬
der !. was
Security State Bank,
Mooreland, at a net interest cost
v
tal
<
of
1.377%.
The
bonds
mature
$6,000 from 1948 to 1950 incl., and
$7,000 in 195L
Norman, Okla.
.?
Bond
*
Offering—T.
man," City
sealed
14
bids
for
the
Clerk,
until
8
C.
-
Barrow-
will
receive
Aug.
of $60,000
p.m.
purchase
on
hospital bonds. These bonds are
due $5,000 in 1948 to 1959. Award
will be made to the bidder offer¬
ing the lowest rate of interest and
agreeing to pay par and accrued
interest.
a
certified check
of the amount bid.
Oklahoma (State of)
Revenues Rise in Year to
713,050—State tax collections for
the fiscal year
ended June
30
$76,713,050, compared with
$71,200,723 in the preceding year,
increase
homa
Tax
of
7.74%, the Okla¬
Commission
reported
on
Aug. 2.
Collections in June
aggregated $6,899,722, against $5,810,197 in June, 1944, an increase
of 18.75%.
Revenues
increases
from
were
main¬
7/
refunding bonds have been
'77777,.:Int.
Copies of the complete
be secured from C.
100.27
•
—
Law
survey
C* Col¬
&
Co_——_
SOUTH
.
.
_____
M.
gasoline
and
compared with
$17,967,690
in the preceding pe¬
The June yield of the sales
$1,762,429, against $1,592,-
year ago.
gasoline
in
the
program.
100.11.100.07
100.057
•
100.051
' IQIM '
lV2'/c
DAKOTA
Hurley Independent Consol. Sch.
District No.
at
election to be
an
vember.
I, S. D.
:
•
election
'
,
will
meet
legislation
tion to vote
an
to
pass
call
to
neces¬
elec¬
an
issue of bonds for
the purpose of financing the pro¬
construction
school
of
consoli¬
a
building, together
Milford
Township
Upper
question
palities:
Scranton, Pa.
•
the
answers
1945.
These
Aug. 1, as foK
lows: $1,000 in 1946 to 1953, and
$4,000 in 1954 to 1957: Bonds
maturing after 1949 to be sub-ject to redemption at par on any
are
due oh
interest payment
1,
&
Co.,
munici¬
existing
rowing capacity remains in each
city, borough and township?'- Of
the approximately 1,000
incorpo¬
for
1.35s,
and
of
Teriri.A::Bond
constructing
sewage
disposal plants as
Sale—The
$50,000 school
bonds offered for sale
and
materials
price
Tipton County (P. O. Covington)*
500 will be compelled to
prepare
for
a
TENNESSEE
municipalities in Pennsyl¬
vania, it is estimated that about
plans
at
100.024.
rated
treatment
date after Aug.;
1949.
Legality approved by
Dorsey, Colman, Barker, Scott &
Barber, of Minneapolis.
The next
highest bidder was E. J. Prescott
following
for nearly 200
"What is the
Denomination $1,000.
bonds
indebtedness and how much bor¬
on
Aug. 7—
meth¬
162, p. 400—were awarded tot
the Tipton County-Farmers Union
ods of financing such projects are
available. A municipality may is¬
Bank, of Covington, at a price of
100.50.
The next highest bidder,
was
soon
as
become available.
"
\4 Bond Offering—Foster W. Nau-
City
proposed sewage
to be built after
Pennsylvania are an¬
swered by Henry W. Van
Pelt, di¬
rector, Bureau of Statistics/Penn¬
sylvania Department of- Internal
Affairs, in an article in the Sup¬
plement to The Borough Bulletin
sue
School District.
7
on Aug.;
Riper, Jaffray,
Hopwood, of Minneapolis, as
iy4s, at,a price of 100.05, a basis
about 1.236%.'. Dated Aug. 1,
in
war
His article
-
Macungie Township School
Macungie), Pa. ;;7
dated
'
in No¬
Bond
Election
Pending — On
Aug. 10, the Board of School Di¬
with
of
plants
the
District (P. O.
rectors
ing bonds offered for sale
of
construction
held
$24,000 build-n
2 were awarded to
nancing Discussed—Inquiries re¬
!!:777-7;/ garding methods of financing the
'
,
Disposal
Sale—The
&
(
sary
Sewage
Bond
Fi¬
Bond Election Planned—An is-
posed
the
Post-War
Comptroller, will
re¬
v.
manpower
Several
sealed
(EWT)
bids
until
11
a.m.
general obligation bonds or
issue revenue bonds, a charge be¬
the Union Planters National
& Trust Co.,
Bank
on
v
,
.
;
.
"
(
refunding plan for the above bor¬
ough, as of June 1, 1945, has been
prepared by C. C. Collings & Co.,
Tax Levy—At a recent election
of
Philadelphia.
In accordance
the voters defeated by a 2-1 vote
with
the
financial
survey
of
the proposed $2,000,000 bond issue
Shenandoah, dated July 15, 1943,
and a tax levy of two mills a
year
and prepared by C. C. Collings
for the next five years to raise
and Company, the 1921 and 1925
$5,000,000 for a civic center. The
bond issues, of the borough in-the
proposed
23-block
civic
center
amount of $435,000 and all owned
would have extended for seven
by the Public School Employesblocks along the water front and
Retirement
Board
of
Pennsyl¬
would have
Voters
Defeat
Bond
and
Issue
required the purchase
of 19 city blocks now in
private
The plan had been
adopt¬
unanimously
,
by
the
council.
city
•
and
fuels
year
excise
aggre¬
vania
Bond
School
District, Pa.
Sale—The
$240,000
funding bonds offered for sale
Aug.
162,
2-^v.
awarded
to
the
p.
re¬
on
295—were
Harris
Trust
Savings Bank, of Chicago,
as
&
Is,
100.619, a basis of
about 0.93%.
Dated Sept. 1, 1945.
Denomination $1,000. These bonds
a
price of
extended'
been
serially
over
a
to
This leaves
only two bond issues unextended,
of which
are
$15,500
past due
as
outstanding
fol¬
of
an
issue of $40,000
Borough bonds,
bearing 4% interest, dated July 1,
1908 and due
July 1, 1938, and
$30,700 of ■ an issue of $35,000
water bonds,
bearing 4% interest,
dated
June
1942.
These bonds
funded
with
1,
1912,
due
are
June
to be
,
1,
re¬
issue of $46,400
refunding bonds, dated 'July 1,
1944, bearing 3% interest and
an
Dallas,
posal.
In Allegheny County alone
municipalities are confronted
with a sewage disposal problem
•126
which
them
it
is
estimated
$50,000,000
Issuance
finance
of
to
will
bonds
to
200,000
.
Bond
Township School
(P. O. Lafayette Hill),
Pa.
■
Sale—The
»'
-7
162.. p.
'
These bonds
are
due
.
.inclusive.
ster
was
The
A. Web¬
Dougherty & Co.,"for ■%s, at a
price of 100.226.
v'.
!
....
100,000 park improvement bonds,
Series No. 191.' Due $5,000 on
Sept; 1, in 1946 to 1965 in,; elusive.
' ;
•
■
.
on
$4,000 in 1947
1959, and $3,000 in 1960.
highest bidder
1965, inclusive.
*
295—were
Sept. 1, as follows:
next
storm
200,000
street, paving
bonds,,
.*.■Series. No._ 190.
Due $10,000!
on
Sept. 1,. in 1946 .to 1965,
-
to
•:
,
$55,000 school
on Aug 7—
awarded to
Schmidt, Poole & Co.,< of Phila¬
delphia, as %s, at a price of 100.276, a basis of about 0.84%. Dated
Sept. " 1,
1945.
Denomination
$1,000.
of
sewer
improve¬
bonds, Series No. 189.!
Due $10,000 on Sept. 1, in 1946
to
<
bonds offered for sale
v.
Co.,
price of
ment
Whitemarsh
■
a
•
be involved.
.'1
&
1.10s, at
$1,000,000
airport
improvement
bonds, Series No. 188. ' Due'
$50,000 on Sept. l, in 1946 to'
1965, inclusive.
the
District
as
99.585, a basis of about 1.148%:
cost
$75,000,000.
revenue
Thomas
and
Pittsburgh,
projects is contem¬
plated by many cities and towns.
In all over 300 municipalities may
period of
from 10 to 30 years.
lows:
PENNSYLVANIA
Erie
have
mature
all
at
fiscal
1
100.14.'
Co.——.
&
National Bank,
Halsey; Stuart
7'
.
,100.47
Vk'/o
F.
A.
may
Bid'
1VV%
Laurens—
Spartanburg
•
1 V< %
W. Craigie & Co.___
1V4 'k
& Co.J—.
Trust Co. of Georgia,
,, Atlanta
1V4%;
among
the various
equitable proportional
of early and late ma¬
in
turities.
Dickson
S.
Price
Rate
Commercial
apportioned
amounts
the
..Bidders
Palmetto Bank,
Milwaukee Co.
bonds.
holders
162, p;
following
i-r
7"'! 77";
received
777''!,7
bids:
R.
issue of $50,000 construction bonds
will be submitted to the voters
Lower
.
noted in the yields
for the fiscal year,
The
basis of about 1.10%—v.
a
510—also
SSIISI
of the sales tax gasoline and fuels
taxes
Bonds
•/vTroad
$75,000
...
excise tax, and beverage tax.
Sales taxes yielded $20,072,055
a
the
for
exchange.
The legal
opinion of Martin V. McGuire, of
Shenandoah, will accompany the
100.148
Bids—The
O.
-
Memphis, at
ing imposed upon property own¬ a price of 100.425.
Aug. 29 for-the pur¬
ers in the nature of sewer rentals.
chase
of
Eugene), Ore. <':k.>1>V:
$180,000 funding and
It may finance improvements of
T^xas
Bonds Voted—An issue of $25,- municipal improvement, issue of
this type through a municipal au¬
Amarillo Independent School Dist.
000 construction bonds was
1945, coupon bonds.
Dated Sept.
thority or it may use accumulated
1945. ■< These bonds are due
Texas
favorably voted at an election 1,
surpluses. The method used is de¬
held on July 23.
$9,000 on Sept. 1, 1946 to 1965.
Legality Approved—The $750,-.
termined by the remaining .bor¬
Bids will be received for the en¬
rowing capacity and. the financial 000 school bonds awarded on July.
Carlton, Ore.
tire issue at any of the above
9 to a syndicate headed
by C. F.
condition of the municipality, Ac¬
Bond Sale Details—The $35,000 rates of
interest, but no bid com¬
Childs & Co., of Chicago,
at a;
cording to the study, not one of
water bonds awarded on July 9
bining two different rates will be
the ^municipalities ,and townships price,of 100.058,
a
net, interest,
to the Charles N. Tripp Co., of considered.
Principal
and
in¬
cost of. 1.6042%, for $315,000, as
in the group of 208 had completely
Portland—v.
162,
p. t 295—were terest (M-S) payable at the City
exhausted its borrowing capacity. 2s, and $435,000, as ,l1/^s--v. 162r
sold at a price of 100.20, a net Treasurer's
office.
Registerable
Data, are given on the total net p. 295—were approved as to legal¬
interest cost of 1.715 %, as follows: as to
principal only.
These bonds
debt and the remaining borrowing ity by W. P. Dumas, of Dallas.
$22,000 maturing $2,000 on July will be payable from unlimited
1, 1949 to 1959, as 2s, and $13,000 ad valorem taxes, without deduc¬ capacity for each of those munici¬
Dallas, Tex.* ■ r' V
maturing July 1, $2,000 in 1960 tion for any tax or taxes, except palities studied. The present net
Bond Sale—The following bonds
debt is relatively low in compar¬
to 1964, and $3,000 in 1965, as l^s.
succession
or
inheritance taxes,
amounting to $1,500,000 offered
ison with total debt limits."
Dated July 1, 1945.
Denomina¬ now or hereafter levied or assessed
for sale on Aug. 8—v. 162, p. 616—
tion
$1,000.
The next highest thereon under present or future Sltocal Unit
Sewage
Disposal
bidder was the Carlton State & law of the
Issue
Foreseen—A. con¬ were awarded tp a syndicate com->
Commonwealth, all of Bond
Savings Bank, for $10,000, 2s, and which taxes the City assumes and siderable number of bonds is ex¬ posed -of Phelps, Fenn &
Co.;
$25,000, 2%s, at a price of 100.21, agreesdo pay.
Legality approved pected throughout the State for Chemical Bank' & Trust
Co., F. S.*
a net interest cost of about
2.41%. by Townsend, Elliott & Munson, sewage disposal projects as soon
Moseley &' Co.,, Hemphill, '• Noyes
of Philadelphia.
Enclose a certi¬ as the municipalities are able to
Echo, Ore.
&
Co., Merrill
Lynch, Pierce,'
fied check for 2%
of the face proceed with public works con¬
Bonds Voted—An issue of
$7,- amount of the bonds.
struction.
The State Legislature Fenner & Beane, all of New
.v-..;
York,
500 water system bonds was
ap¬
has given hundreds of municipal¬
Ranson-Davidson Co., of San An¬
proved at the election held on
Shenandoah, Pa." '
ities until June 1, 1946, to submit
July 31.
Refunding
Plan
Prepared—A plans for acceptable sewage dis¬ tonio, Rauscher, Pierce & Co., of
ed
060
and
Bethel School District (P. O.
;
hands.
was
of
(P.
improvement bonds awarded on
July 24 to the Citizens & South¬
ern
National Bank, of Spartan¬
burg, as 1%'s, at a price of 101.26,
fiscal
as
holders
The Union National Bank
disposal
ceive
fuels excise taxes, sales taxes, and
tax
Other
bank
100.309
Township School District
(P. O. Fallsington), Pa.
Legislature
man,
income taxes provided the largest
items in the state's budget. Largest
riod.
bonds.
Company
contact
>
Portland, Ore.
$76,-
totaled
an
and
to
County
Spartanburg), S. C.
.
for 2%
i'
Enclose
in¬
appointed
exchange agent and all outstand¬
ing bonds should be sent to that
Falls
commission
favorably voted at
held on July 27.
airport
site purchase bonds.
accrued
par
interest period.
^_100.417
and Singer, Deane &
Scribner, •
1
jointly,
(
ended June
$5,348,607.95.
Bonds Voted—An issue of $20,500
water"
system
bonds
was
construction and
v
equipment bonds.
hv
12,500 street maintenance equip¬
:
surplus
Tipton, Okla.
'
ment bonds.
at
any
Collings
agent
W. H. Newbold's Son & Co.
year
to
construction
construction
Bonds Authorized—At the July
24 election the following bonds
amounting to
fiscal
for
Cordell, Okla.
;
}
re¬
already has
announced an asphalt and road oil
maintenance program, a regular
Federal aid program and part of
a
flood control program.
It has
yet to complete its maintenance
program and plan the post-war
110.50
"
IV*
-i-W-r
the
fund
general
amounted
The
273.00
1%
the
of $5,000,000..4
Co.,
J. A. White & Co., Cincinnati
call
Spartanburg
lings and Company, 709 FidelityHemphill, Noyes & Co.,
y
Philadelphia .: Trpst
Building,
Phillips, Schmertz & Co., ■-7, ;i ;7:;7
Philadelphia, Pa., or from the
and :
Borough. .,7;
Geo. G.- Applegate,7^77! C'V!
jointly
100.309
Pennsylvania (State of)
Oklahoma
tenance, and the highway com¬
mission had mapped its programs
on estimates of a surplus in excess
Other bid¬
Van
Lahr, Doll & Isphording, Cincinnati
Fahey, Clark & Co.,
Black,
the
Commission, announced July
sion
from
due
are
SOUTH CAROLINA
to
of Shenandoah has been
Halsey, Stuart & Co.
100.927
H. Rollins & Sons, and
Yarnall & Co., jointly—._100.793
.Union Securities Corp.,
New York, and
Moore, Leonard & Lynch, V
jointly
100.638
passed an act appropriating the
surplus to the highway commis¬
Aug.1,
$1,000 and
1947 to 1951, inclusive.
ders were as follows
M.
of
The 1945 Oklahoma
Dated
Denominations
-
1946
1,
The Borough has appointed C. C.
E.
Surplus Exceeds
director
that
for
Aug.
162^ p. 509—were awarded to
the Ohio
about
Fund
$5,000,000—Ernest
■
"
1—v.
July
.
General
search
Bond Sale—The
to
The
earlier.■'
year
from
Monday, August 13, 1945
All of the issue will be sub¬
terest at
new
For 1 y&%
compared
with
same
mpnth in
ejgaret tax de¬
clined to $4,445,363 &>r the 1944-45
fiscal year from a total of $4,767,460 in the preceding period.
The
June yield of the tax, however,
was $434,875, up from
$411,325 a
.
ject
1% Bonds
Co., Inc., and
A. Webster Dougherty
& Co., jointly
Union Trust Co.,
Pittsburgh
Lee Higginson Corp.
Income from the
union
bonds.
1964.
Blair &
1944.
bonds.
maturing
as
Co.,
Dolphin & Co., and
Equitable Securities Corp.,
jointly
100.537
against
$1,269,609
a
earlier.
Collections in June
year
house
1947
were
Stroud &
$2,024,314,
in November.
$600,000
7
Collections of the beverage tax
1944-45 fiscal year totaled
be
Sept 1,
on
bidders
7/.;
For
in the
to
Other
a
Income taxes in the fiscal year
Toledo, Ohio
$15,000
follows:
yielded $12,322,302, against $11,800,256 in the preceding year.
In June, income tax revenue was
$1,096,311, against $1,186,736 in
the comparable 1944 period.
.
Bond Election Planned — The
following
bonds
amounting -to
$2,150,000 have been certified by
the
City Council to the Board
of
>:.■
1
.
$1,319,362
due
1962.
are
to
year earlier.
The
in June brought in
a
"
These bonds
1945.
next .;
.
are
highest
bidder
Northern Trust Co.,
National
B.
dated
Sept. 1,
Denomination $1,000.
-
was
The
the
Chicago, First
Bank, Chicago, and Louis
Henry Investments, jointly, for
Volume
1.10s, at
bidders
price of 99.567.
a
were
*
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4411
162
Knott
Other
follows:
as
For
1.10% Bonds
Bidder
; >
^ Price Bid
First Boston Corp.,
'Salomon Bros. & Hutzler, '
Kebbon, McCormick & Co.,
•Weeden & Co., and
Dittmar & Co.,
v
jointly
99.476
house
bonds
Aug.
'
7—v.
awarded
Halsey,
for
sale
on
1,
1945.
are
from 1946 to
1975.
due
Sept. 1,
on
Stuart
&
Co.,
'v:.
.
Inc.,;"':.' "
;
000
Geo. B. Gibbons'& Co., Inc.,
J. R. Williston
favorably voted at
on July 17.
national
others, while a dozen states made
possible for municipalities to
build up post-war reserves, the
American Municipal Association
reported Aug. 6 on the basis of a
legislative survey.
'
v
These developments, the asso¬
ciation said, stemmed from:
1—Growing public awareness of
local
fiscal
problems resulting
from more costly wartime
opera¬
tions, coupled with prospects that
$40,000
the
case
the establishment of
the
annually in
which involve
Marcos,
the
construction
1.20% Bonds
Boston
the
and
Corp.,
;_
____________
The
—
Bond
& Trust
:..
,
<
;
.
,'/■
Edwards, Inc., and
Texas Bank & Trust Co.,
submitted
on
Local
house
bonds
Aug.
for
sale
on
'
.
•
______
its roster
on
cated to the
;;
improvement of Gov¬
and the
ernment
reduction of
through citizen participation
and co-operation
with public officials.
Mr. Tegnell has studied at New
York University
and Princeton.
He was formerly Assistant Re¬
Housing Authority
Housing Unit Notes
Government
search Director of the New Jersey
State Chamber of Commerce, and
he is the author of several studies
New
on
America
is
Jersey governments/ He
vetergn of this war, having
a
served
as
officer in the Navy
an
for more than two
Dr.
years,
Sly is well known in edu¬
cation
.
and
government
ciated with governmental research
.
for 20 years.
tensively
...
'
on
He has written ex¬
State and local gov¬
ernments.
Dr.
consultant
to
Sly
will act as
Governmental
the
.
•Paul H. Davis &
t: ';>• ;"/•
Bond
^
99.528
Dallas County (P. O. Dallas), Tex.
Bond Elections Pending — On
•Aug. 2, the County Commissioners
.Court
ordered
preparation
for
.bond
elections
-voters
submit
to
Election
Held—The
1%%
the
following bonds
amounting to $9,000,000: $7,000,.000'city-county hospital; and $2,000,000 highway construction
■'
>
refunding
revenue
bonds awarded recently to the J.
R.
Phillips Investment Co., of
Houston—v. 162, p. 512—were sold
at par. Dated June
1, 1945. These
bonds are due on June 1, from
.i bonds.
'Galveston
County, Santa Fe Con:molidated Community School District (P. O. Galveston), Tex. ■'
Bonds Voted—An issue of $74,-
1946 to 1955.
"
'
Stanton, Tex.
/
'
-150
construction
proved at
July 28.
'
the
Goose
Bonds
total of
bonds
election
held
on
Issuance
Tex.
Approved
—
revenue
the result
bonds for water
improvements.
sewer
bonds carried by a
of the votes.
These
large majority
-;
Hidalgo County Drain District No.
1 (P. O. Edinburg), Tex.
Bond Call—B. F. McKee, County
Auditor, has announced that the
County's bonds Nos. 411 to 459,
maturing in 3971 and subsequent¬
ly, are called for payment on Sept.
10, at
par
and accrued interest to
call date, at the State Treasurer's
office, Austin.
Interest ceases on
date called.
.
Hockley County (P. O.
land), Tex.
Bond
road
Level-
Election
sented—A
the
June
$600,000 2%% and 2%%
as
Proposal
Pre¬
proposal to submit to
yoters
an
jssue
of
sewer
Dallas.
A
favorable election held on'
July 81. $300,000 are tax bonds
for / street
improvements,
and
and
and
system
revenue
re¬
funding bonds has been approved
as to
legality by W. P. Dumas of
a
$300,000
Legality Approved—An issue of
$29,000 2%% and 3% water works
ap¬
Creek,
bonds will be issued
[of
was
$500,000
improvement bonds has been
presented to the County Commis¬
sioners Court for its
approval.
These
are
dated
1, 1945.
Swisher
'■
bonds
County
(P.
O.
•Texas
Bond
Call—It
is
Tulia),
''■•//":
stated
\
'V/
by
J.
Murray Markham, County Treas¬
urer, that 5%% semi-annual hos^
pital refunding bonds in the sunt
of
$42,000, being-air the outstand¬
ing bonds of an original issue of
$50,000 dated Feb. 1, 1927, are be¬
ing called for payment on Feb.
1, 1947, at par and accrued inter¬
est,
at
the
Amarillo.
pay
up
First
issue.
National
Bank;
county will show,
The
accrued interest
on
The
to Feb. 1, 1947.
be
Election—It is stated
held
on
Aug. 14 to have
the voters pass on the issuance of
$125,000
mature
improvement
in
15
years
optional after 10
ment warrants has been
approved
as to legality
by W. P. Dumas of
Dallas.
Feb. 1,
These
bonds
are
dated
1945.
Central
bonds,
and
to
become
years.
Texas (State of)
Supreme Court Rules on Public
ities in the State may make pay¬
ments in lieu of taxes upon
prop¬
erty which they remove from tax
city,
than
to
funds
by
Bank
the
set
as
six
Salomon
Bros.
&
Hutzler, of
the successful
bidders for $1,230,000 Erie Hous¬
ing Authority, Pa., $1,000,000 Six¬
teenth Series, Montgomery Hous¬
ing Authority, Ala., and $857,000
New
York,
were
and
Seventh
Series, Woon¬
Housing Authority,
notes, at ,45%.
R.
reserve
legislatures
current
ses¬
announced
re¬
cently.
States which have recently au¬
thorized.
municipalities
to
set
aside funds for post-war construc¬
tion and repair of public works
include: Montana, South Dakota,
Utah, Idaho and Nevada.
Wash¬
ington permitted counties to build
up post-war reserve funds.
A
new
creation
Nevada
of
law
authorizes
post-war
funds
by
counties, cities, towns and school
districts.
Under terms of
a
recent
act, the
board of county commissioners of
any county in Washington may
establish
a
fund for
for
tax
aid
direct
granted
in
was
it
cumulative
reserve
construction and levy a
a fund.
such
construction
new
much
of
or more
will
cially.
2—-Acceptance
prove
as
problem finan¬
a
for
a
fact that
fiscal planning
post-war period depends
the
to
a
of
of proper
success
great degree upon adequate
financial
resources
not only to
plans for the future but
them out successfully.
Of special interest to local offi¬
prepare
to carry
cials
action
was
of
19
in¬
states
creasing
municipal
sharing
of
state-collected taxes, and of four
states extending new or additional
direct
ing is
aid
to
localities.
Follow¬
'<
review of state legislative
a
action
in
state-collected
the
locally-shared revenue field.
Iowa, for example, raised 'its
state gasoline tax 1 cent a gallon,
allocating 40%, or an estimated
$1,500,000 of anticipated revenue
to
communities.
For
first
the
time, Pennsylvania municipalities
will receive a portion of the state
motor
fuel
tax
direct
from
the
state, the legislature allocating
$8,500,000 to localities for the
1945-47
biennium
for
bridge maintenance,
and improvement.
road
and
construction
Michigan enacted three laws fa¬
voring localities financially *dn
distribution
taxes.
of
state
collected
-
Under one,
ceived annually from this source.
A
"veterans reimbursement bill"
will
the
reimburse
tion
for
communities
$2,000 real estate tax
granted
exemp¬
veterans.
war
Michigan also provided for a 10%
sales tax on liquor, the
receipts
to
into
go
"local
a
government
unit" fund for quarterly distribu¬
tion to local governments.
'
[
South
Carolina
cities
v
will
ceive
12
cents
a
gallon of the
liquor tax, with funds distributed on the basis of liquor
sales; the law also gives localities.
15% of state revenues from liquor
licenses issued in the community.
Localities also will receive 12%%
of the state tax on beer
sold, in
the community and all of an addi¬
tional license fee imposed on beer
and wine wholesale and retail dis¬
tributors.
to
Washington's legislature decided
allocate
all
locally-shared
tween 1945 and 1950 for post-war
with
improvements.
while another
authorized
bodies to.
the
levy
creation
local
taxing
to one mill for
post-war funds.
up
of
Montana and South Dakota also
permit
cities to
The 21
set
reserves.
states which
municipalities
establish
post-war
up
post-war
previously
authority to
in¬
reserves
clude:
Arizona,
Connecticut,
Florida, Maine, Maryland, Minne¬
sota, New Hampshire, North Caro¬
lina, North Dakota, Oregon, Penn¬
sylvania, Rhode Island, West Vir¬
ginia, Kentucky,
Massachusetts,
New Jersey, California,
Michigan,
New York,
Washington, and Neb¬
raska.
I.,
of
a
the
on
basis
census
to assist cities
war-swollen
populations,
new state law allo¬
cated 4 cents per capita from the
state motor vehicle excise tax to
the bureau of government of the
University
of
Washington
studies and research in
,
for
municipal
government.
California,
like
Washington,
July 1, 1947, legis¬
lation permitting cities with
large
extended
wartime
receive
oline
basis
to
population
their
and
of
a
increases (to
allocations
in-lieu
special
taxes
census.
of, gas¬
on
the
«
New York diverted
$18,000,000
from proceeds of the 2% emer¬
gency
state tax on utilities ?to
cities for the coming year; Vir¬
ginia eliminated the 5% deduction
United States
current
from
for
administrative
u
municipal share of the
state poll tax, increasing the local :
share by about $40,000
annually,
in the field of local fiscal affairs
at.
'4
*>
I /
f
t:,
?
•
expenses
the
R. W. Pressprich & Co., of New
1945 Legislatures Enacted Bene¬
York, were the successful bidders ficial Municipal Measures—Mu¬
$100,000 Sixth Series, Shreve-\ nicipalities benefited from an un¬ from this source; South Dakota
port Housing Authority, La., notes, usual amount of state legislation gave municipalities 25%— or
ap¬
;
.
re-,
state
state-collected taxes
for
v
,
deferred maintenance and needed
Idaho by new legislation allows
cities to levy up to 20 mills be¬
&
•
.
author¬
result of action taken
a
gave
.45%/
are
post-war
Association
cers
of New York, was the
bidder for
$1,500,000
Series, Portsmouth
Housing Authority, Va., notes, at
states
up
sions, the Municipal Finance Offi¬
county or school
It overruled at .46%.
district taxing areas.
half
ized
Utah
Hanover
increased
states,
some
Michigan cities
the
Governmental
Research In¬ ; will receive the entire proceeds
of the state tax on intangibles
stitute, Inc., Hartford, Conn.
Additional Legislatures Author¬ with exception of administration
ize Municipal Post-war Reserve costs; previously,
they received
two-thirds of the $6,500,000 re¬
Funds—Municipalities
of
more
improvement
Sixth
.in
president of the Association
is Leslie M. Gravlin, director of
-
socket
Authority Payments—The
Supreme Court ruled re¬
cently that public river author¬
rolls
The
Thirteenth
•
River
Legality Approved—An issue of
$20,000 3% water works improve¬
Association, particularly
respect to the program and
operations of the Secretariat.
with
follows:
as
Authority, Ore.,
notes, at .42%; $1,000,000 Sixtyseventh Series, Detroit Housing
Authority, Mich., and $1,000,000
Texas
Irving, Tex.
Research
Loan
Portland Housing
by
Edward T. Robbins,
Superinten¬
dent of
Schools, that an election
will
,■
Trust Co.,
successful
said bonds
Taylor School District (P. O.
Taylor), Texas
Bond
Temporary
$7,1X0,000 Chicago Housing Au¬
thority, 111., notes, at .45%; $544,000 Eighth Series Newport Hous¬
ing
Authority,
R.
I.,
$798,000
Philadelphia Housing Authority,
Pa., notes, at ,46% ; $618,000 Mont¬
gomery Housing Authority, Ala.,
notes, at .47% $714,000 Seventh
Series Buffalo Housing Authority,
N. Y., $1,725,000 Sixty-fifth and
Sixty-sixth Series, Detroit Hous¬
ing
Authority,
Mich.,
$642,000
Portsmouth
Housing
Authority,
Va., Twelfth Series notes, at .49%,
and $185,000 South San Francisco
Housing Authority, Cal., notes, at
.50%. All plus small premiums.
;
The Bessemer Trust Co., of Jer¬
sey City, was the successful bid¬
der for $1,000,000 Seventy-sixth
Series, Chicago Housing Author¬
ity, 111., notes, at .38%; $1,000,000
Eighth Series Buffalo Housing
Authority, N. Y., notes, at .40%;
$968,000 Bethlehem Housing Au¬
thority, Pa., $605,000 New Albany
Housing Authority, Ind., $500,000
Seventh Series, Newport Housing
Authority, R. I., $711,000 Tucson
Housing Authority, Ariz., $500,000
Eighth Series, Woonsocket Hous¬
ing Authority, R. I., notes, at .42%;
$317,000 Augusta Housing Author¬
ity, Ga., notes, at .43%, and $175,000 Fifth Series Shreveport Hous¬
ing Authority, La., notes, at .46%.
Plus premiums of $12.00 on each
Sale Details—The $75,000
water;
$24,799,000
Notes offered for sale
fol¬
;':v'.;'Palestine, Tex.
■
Bond
the
to
Tex.
at the election held on August 7:
$450,000 water improvement,
$100,000 sewer improvement, $75,000 public building, and $25,000
street improvement bonds.
Co.,
_*
Odessa,
lowing bonds aggregating $650,000, were submitted to the voters
*■;
'
jointly
of
'*
:
,
circles.
Secretary of the Princeton Sur¬
veys, he has been intimately asso¬
.
.
its
cost
in
;
■
Co.,
•Equitable Securities Corp.,
'Eastman, Dillon & Co.,
1
Graham, Parsons & Co.,
."Coffin & Burr, and
several
are
persons
research bureaus and civic agen¬
cies located in 31 States, dedi¬
Co., both of New York; Bank of
National Trust & Sav¬
99.66
ings Association, of San Francisco;
Trust Co., of Dallas, E. J, Roe & National
For 114 % Bonds
Bank, of Detroit; Union
' v^'.Co., of San Antonio, and the Texas Trust Co, of Pittsburgh; Messrs.
Lazard Freres & Co., V"
"
1
Bank & Trust Co., of Dallas, at a; Brown Bros.
Lee Higginson Corp.,
Harriman & Co.,
*
net interest cost of about 1.85%. New York
Trust Co., both of New
A. G. Becker & Co.,
;
?
Dated Sept. 1, 1945.
Denomina¬ York; Northern Trust Co., of Chi¬
•Braun, Bosworth & Co.,. Inc., *
;
tion $1,000.
These bonds are due cago;
'First of Michigan Corp., and '
National
City
;•
Bank,
of
on Sept/1, from 1946 to 1965.
The Cleveland; First National Bank,
First National Bank,
'
next highest bidder was
Dewar, of St. Louis; First National Bank,
Dallas,
i
Robertson & Pancoast, Stern Bros. of
Boston, and many banks in
jointly
99.208
& Co., R. J. Edwards,
Inc., and other cities, was the high bidder,
For 1.30 % Bonds
Rupe & Son, jointly.
:"v ;
;! and was awarded $12,336,000 out
.'Estabrook &
Barcus, Kindred & Co.,
jointly
research.
representing
than 100 privately supported
more
group of banks which includes the
National City Bank, Bankers Trust
162,; p.
616—were
awarded to a syndicate composed
of the City National Bank & Trust
Co., of Kansas City, Dallas Union
-
Gov¬
in
.
Included
Awarded—The Chemical Bank &
Trust Co. of New York, heading a
7-r-v.
offered
governmental
hundred
Federal Public
Midland Independent School
•
*r'
\
gaged in
the
UNITED STATES
1914, the
national organization of groups
and individuals professionally en¬
Tax
rate limits of the city.
in
a
2% tax on the gross receipts
telephone company for
service provided within the corpo¬
District, Tex.
$325,000 school-
:
Established
a
of
of
ernmental Research Association is
Falls, Texas
Levy—The city re¬
cently adopted an ordinance levy¬
ing
Director
the announcement.
Wichita
New
Bond Sale—The
;Nashville,
v/
.'Harvey Fisk & Sons, and
The
area.
questioned by Chemical Bank
the bonds
pay
the
Company of New York,
as trustee for security holders of
the authority.
.
Glore, Forgan & Co., *
Stroud & Co.,
"■
Commerce Union Bank,
in
in
date called.
on
<
'
Js
___________—__100.099
towns
River
distributes tff
and Trust
rejected.
Dallas, to
and
was
Call—A.
Bank of
;
Colorado
Texas
several
to
election held
an
were
the
on
law for payments in lieu of taxes
$100,000
McCamey, Tex.
B. Holley, Sr.,
Town Secretary,
calls for pay¬
ment on Oct. 1, series of 1940 re¬
funding bonds, Nos. 38 to 41. Due
on
Oct.
1, 1950.
The Town is
placing funds
in
the
trustees
bank,
the
Mercantile
National
;
■Mercantile-Commerce. Bank
Co., St. Louis,.
City National Bank &
Trust Co., Kansas City,
Cruttenden & Co., , ■
•
•
Small-Milburn Co.,
bonds
voters at
July 21,
100.20
.Harriman Ripley & Co., Inc.,
Dallas,
jointly
Defeated
—
____
Associates
ators
McAllen School District, Tex.
Bonds
R.
central
Research
New
Jersey State Chamber
of Commerce, was appointed sec¬
retary, and Dr. John F. Sly, di¬
rector of the Princeton Surveys,
Princeton University, consultant
to the Association, according to
A., financed federally
by the Texas legis¬
lature, operates electricity gener¬
held
Co., and
Mullaney, Ross & Co.,
jointly
99.80
C.
permanent
a
the opening of a
office
located
at
30
Assistant
but established
was
election
the
in
Rockefeller Plaza, New York City.
G.
Gordon
Tegnell,
formerly
L,
bonds
&
*'
For
street'[ paving
states
44
financial
of Brenham, San
Lampasas and Burnet.
Tex.
Bonds Voted—An issue of $50,-
.
;
all
taking action,
Larger shares of state-collected
revenues were granted local units
secretariat and
towns
Luling,
with
year,
session
imately
present
Dallas. Dated Sept.
Denomination
$1,000.
•
Asso¬
a new law.
The authority ex¬
pressed willingness to pay the lo¬
cal taxes, amounting to approx¬
&
Bank
this
Research
ciation Opens New York Office—
The Association
has announced
of
616—were
p.
Texas
These bonds
'Fort Worth, National Bank,
;
162,
Trust Co., of
For 1.15% Bonds [
Blair & Co.,
R. J.
offered
the
to
United States
Governmental
•
;"r:;r..
First
opinions of two lower courts in
a
declaratory judgment proceed¬
ing by Lower Colorado River Au¬
thority to determine the validity
County Line Independent
School District, Tex.
Bond Sale—The $110,000 school-
727
1
j:-f
a
>■
proximately
$180,000
annually—
■
fttffriiriirai ifffifri^ lirtto^H^iftVWfi^iirart jifi»tf
•ifc-ftf^f ri^ W i^wtf*in)H|hi<rihi^lVl*fii^'ih^^ftiWwfcW^teY^iiri^ii^^^^^
of
tax
state
10%
the
collected tax
intangible per¬
on
to municipalities.
the direct state aid to munic¬
sonal property
In
ipalities field, New York, Wash¬
ington, Pennsylvania and Florida
took
action.
New York appro¬
reimburse
to
$5,000,000
priated
extraordinary snow
1944-45
localities for
'removal costs during the
and
cities
the entire
highways within
half the cost of ac-
arterial
of
cost
assumed
and
fwinter,
•
quiring the necessary rights-ofway within cities for these high¬
ways.
This latter law is expected
to save $110,000,000 for the cities
eventually, with the state match¬
ing federal aid in the amount of
:
$55,000,000 over a three-year pe¬
riod.
■; '
,
Washington authorized the state
highway department to use state
funds to acquire rights-of-way,
-and construct and maintain city
streets
forming
within
highway
state
mary
part of a pri¬
a
the
city; and set aside $10,000,000 for
post-war public works in munic'ipalities.
Pennsylvania
appro¬
priated $1,000,000 to municipalities
preparation
for
of plans
and
for public works,
specifications
with another law authorizing the
of health to
state department
pay
to 50% of the cost of preparing
plans and estimates for construc¬
Heath.
for four more large
hangars. Six major airlines have
applied to the Civil Aeronautics
Board to serve Roanoke, and nine
intra-state lines have applied to
the state corporation commission
to do likewise.
■■■■■),
Roanoke's
city's officials
are
pushing additional plans forward
Tacoma 'Kiwanis
for
industrial waste
treatment plants.
A new Florida
law
vide
the
authorizes
financial
state
aid to
ities for caring
to
pro¬
municipal¬
for the aged, the
blind, and dependent children.
become
Box Elder County (P.
O. Brigham
Bonds Voted-—At
tion the voters
recent elec¬
a
said to
are
have
and
a
sion's formula for the assessment
district to issue and sell the bonds
thorough study of the subject to
be
of
$600,000
was
construction
bonds
approved at a recent election.
Provo, Utah
Bond
Voted—An
of
issue
$1,-
Thurston
just no excuse," he
house in Norfolk
be assessed at 110% of its value
Bond
made
had
a
ceeding
this
O0Q,000 water
revenue bonds was
voted at, the election
favorably
held on Aug. 7, These bonds
contracted
for
were
prior to the elec¬
In
a
Airport Operation Found Profit¬
is
city
demonstrating
that a municipal airport can be
operated on a profitable basis.
After losing an average of $8,000
a
year from
1928 to 1936, the
city's airport began to show a
profit
in
1937,
and
1944
by
city's income from the field
the
costs..
-
Prior to 1937 the field
owned
but
privately
city-
operated,
with all concessions and activities
handled
under
lease
a
at
a
monthly rental of $75, according
to the American Municipal Asso¬
ciation.'--";;,,
Taking over operation of the
field
an
in
1937,
from
The
70
to
field
429
and
expansion
expanded
was
acres,
runways
paved, and by 1941 the field
III specifications.
By
1944, 68 planes were based on the
were
met
Class
field
and
formula," the Governor said, "but
I realize that a great deal of tech¬
nical
seven
operators
using it.
work
will
effort to reach
be needed in
an
an
equitable solu¬
tion of the problem."
The State Corporation Commis¬
has repeatedly defended its
they would again
fense
with
paper on
Darden.
Pierce
of
a
the matter to Governor
■"
,>
401
for
the
10
a.m.
purchase
of
Aug.
$50,000
on
District
No.
10
Civil
Air
Virginia,
navy
Patrol
and as
ferry stop.
in
an
southwest
army
and
By 1943 the municipal airport
payroll became the fourth largest
of the
city departments,
Mineral Point, Wis.
!
Validation
Sought—In
a
brought by the officials of the
above
district against the tax¬
payers, filed in Superior Court
recently, a declaratory judgment
which would validate a $2,000,000
bond issue approved by the voters
1,
high
4%
bonds, dated March 1, 1935 to the
amount of $9,000. Bonds may be
sent to the
taxpayers
of
the
on
of $12
basis
as
a
at the 1941
That is to be the irreduc¬
but
minimum
ible
They
the provinces.
population
they
ad¬
are
justable upward as population in¬
creases and upward as the total
value of national production in¬
creases
■
.
*
|
ALBERTA
Alberta (Province
of)
Tax On Refunding
District,
Wyo.
election held recently.
an
by the Province of Al4 1
'
j
!f
This * special
tax,
Mr. Ilsley
stated, would not apply to purchasers of
such bonds on
and
}
?
;
after
jj
nounced
berta.
III
Aug. 7, 1945. When the program of refunding the bonds of
jj
discussed with
first
was
\
the
Dominion, Mr. Ilsley advised"!?
the Premier of Alberta by letter
ij
,
Provinces Offered New Finance
Plan—The Dominion Government
offered
6 to the nine
Provincial governments new and
stable sources of finance and at
the
same
time
asked them to
Aug.
on
completely
withdraw
of
fields
the
from
personal income, corpo¬
ration and estate taxation.
\
government also proposed
increase greatly financial as¬
to
sistance
1
Bay School District No,
(P. O. Milwaukee), Wis.
Bond
will receive sealed
bids until 7:30 p.m; on
Aug.|15 for
purchase of $70,000 series of
4%
1945.
Dated
interest.
Sept. 1,
Denomination $1,000.
Due
Sept. 1, as follows: $38,000 in 1950
and $32,000 in 1951.
No bids for
less than par and accrued interest
to date of delivery will be con¬
sidered.
Principal
and
interest
the
District.
will be sold subject to
The
bonds
the approv¬
ing opinion of Chapman & Cutler,
of
Chicago.
All bonds to bear a
uniform rate of interest.
a
certified check for
Enclose
$1,000, pay¬
able to the District.
Wisconsin
These offers were
M.
Aug. 1 that the
balance in the Wisconsin general
made as the
conference
Provincial
opened
reconstruction
in
in the
35,000-word brief.
a
gram...1
gram
and
yy'y-:
the
that
Now
■■
refunding
'=
j
of the Province of
July 26, 1945, and can
be presumed to be
known to all
on
bondholders, it is felt that no rea- 4
son
exists for imposing the tax
on
those who may purchase the {
bonds on and after August 7. Mr.
Ilsley stated that he was prepared
»
to recommend that the tax would
not
apply
purchasers
to
on
and
after August 7, 1945.
Minister
The
the
fer
also
stated
that
prohibition against any trans-4|
of presently outstanding Aljj
affected
bonds
berta
by
the
re-
funding plan to persons resident
Canada
would be
of
This prohibition was 101-
of the pre-war
Minister indicated that he
Royal Commission
Dominion-Provincial Relations
were
the subject of an un¬
successful
conference
there
a
was
1941—
provinces
were
re-
would
recommend to the Dominion Government that
be
an
order in Council
v.
asked by
Canada in the future.
PRINCE
EDWARD
ISLAND
Under war-time tax agreements
Debentures Ofered—An issue of
lottetown),
.
the provinces withdrew from the
personal income and corporation
tax fields to enable the Dominion
to
levy uniform higher rates.
In
they were compensated
by extra subsidies on the basis of
return,
pre-war
estate
and
revenues
from
They still levy
succession duty taxes
sources.
or
the
same
Dominion also taxes the
source.
$1,000,000
fund
3%
Canada
refunding sinking
debentures is
being offered
for sale by a syndicate composed
of Mills, Spence & Co., McLeod,
Young, Weir & Co., and Bell,
Guoinlock & Co., all of Toronto.
Dated
Aug. 1, 1945. Denomina¬
$1,000 and $500. These bonds
are due on Aug. 1, 1959, optional
on
Aug. 1, 1956. Principal and
interest payable in lawful money
tions
sub¬
of Canada in Charlottetown, Mon¬
sidy arrangement, the irreducible
minimum payments to all pro¬
vinces will be $138,000,000.
The
treal, Toronto, Halifax and Saint
John. Legality approved by Daly,
Under
the
$15,000,000 invested provinces'
new
j
transfer of these bonds outside of
Prince Edward Island (P. O. Char*
ments.
)
:
the prohibition
commit¬
irrevocable
no
";.
i
the Dominion government to sur¬
render no constitutional rights, to
make
£'
posed by order in Council P. C.
3596 dated May 17, 1945, and the
passed next week to remove
against the sale or
completely new ap¬
proach to the problem.
The
in
,
Legislature
Alberta
moved.
which
,
has been publicly announced
formally approved by the"
outside
on
;,i
"""
pro-
While the general purport of the
federal
proposals was fore¬
shadowed in the recommendations
on
$21,915,292 as of
July 1, from $56,207,462 a month
earlier. The surplus in the fund
is exclusive of
-
those tax
General Fund Balance Declined
In July—State Treasurer John
paying old
House of Commons and were con¬
their
(State of)
and
services
of
pensions of $30 monthly to all
persons seventy years old or more,
regardless of their incomes.
the basis of the lowest interest
to
cost
full
age
tained
Offering—Nelson C. Hall,
District Clerk,
health
to
the
bear
on
Whiteftsh
fund declined to
other
for certificates of
School
Dominion
filed the suit, that a taxpayer be
named to defend the action and to
district, Superior Judge E. F.
care
CANADA
City Treasurer's office
payment.
Smith reported
the
,
refunding
school
On motion of Theo. L. DeBord,
chief civil deputy prosecutor, who
represent all
,
Bond Call—Floyd Crase, Mayor,
calls for payment on September
cost
suit
Council to
The
on
(P. O. Tacoma), Wash.
out, American Airlines in 1942 be¬
making two trips daily from
the Roanoke airport, and in 1943
two
intra-state
airlines
began
last fall and which has been ques¬
stopping there.
The field
was
designated as a base for the state tioned by reason, of a faulty ballot
aviation forest patrol and for the title is sought.
gan
1
.
payable at the office of the Dis¬
trict Clerk.
Award will be made
school bonds.
Tacoma School
statutory
a
attached to said bonds.
pons
ing
Offering—L. R. Johnson,
County Treasurer, will receive
20
sys¬
1945, refunding bonds, not exceed¬
Bond
sealed bids until
works
water
of the holders of the interest cou¬
the
(P. O. Tacoma), Wash.
be
to
head of
Alberta
holders of the bonds and in favor
to its de¬
County School District No.
Bond
.
come
presentation
WASHINGTON
were
As a result of the improvement
and
expansion
policy
followed
the
are
subsidies
in
increase
to
payable
.
voted at
mortgage lien which is valid and
binding upon the water works
system and exists in favor of the
for
sion
the city instituted
improvement
policy.
"I do not feel satisfied with the
substantial
<
C.
Clarence
The bonds create
tem.
formula, and members indicated
was
of the
attorneys and in the 'grass roots'
of politics."
was
$49,185 above operating and main¬
tenance
fi¬
formula
present
.
Bond Profits
Eliminated—The following report'
was
made at Ottawa on Aug. 4 j
by Honorable J. L. Ilsley, Minister ;
of Finance, with respect to the !
WYOMING
; special 100%- tax on speculative ;'/
profits made by any resident of
[
444:4';;;:4 '■ Casper, Wyo.
Canada who purchased, since Jan. j]
Bond Issue Approved—An issue
31, 1945, any of the outstanding |
of $70,000 refunding bonds was Alberta -bonds affected by the re- JI
approved recently by the City funding operations recently an-**,
Bonds Voted—The $90,000 con¬
struction
bonds
were
favorably
to be derived from the op¬
eration
found "in the apprehension of tax
Roanoke, Va.
able—This
enues
the light of pub¬
probably might be
and
$322,246, against $319,362 a
earlier.
Cigarette tax re¬
ceipts for the fiscal year aggre¬
gated $3,620,387, compared wih
$4,216,503 in the preceding year.
.
"stand
licity,"
—
were
were
year
Sheridan
Offering
They
census.
Motor fuel tax receipts
were
indebtedness.
Denom¬
$125,000,000.
* ;
asked to do the
things
proposedby agreement
and, if agreement is made, not to
withdraw from the pact for three
years. At the same time no pro¬
vision was suggested which would
make it impossible for a Province
to withdraw at any time.
•
: ;
To
compensate the provinces
for leaving the Dominion a clear
field in the three spheres of tax¬
ation the Dominion proposed
a
total
taxes
tate
,
Haig raised the issue by as¬
serting that he suspected argu¬
cannot
VIRGINIA
,
federal subsidy and their own es¬
will receive
dated March 3, 1945, that one es- '■«
(CWT)
sential condition of Dominion coon
Canada (Dominion of)
Aug. 22 for the purchase of
$125,000 2V2% water works cou¬
Bills Sold—The following bills operation was the imposition of /
pon bonds.; Dated Oct.
1, 1945, amounting to $150,000,000 have this special 100% tax on the >'
Denomination $1,000, Due Oct. 1,
speculative profits made by any ji
been sold: ,Vvt./
as follows: $1,000 in 1948 to 1953,
purchaser after January 31, dur- |
V-':
On July 12
ing the period when the refunding ■
$2,000 in 1954 to 1959, $3,000 in
$75,000,000 treasury bills, at
1960 to 1965, $4,000 in
1966 to
program was being discussed but r*\
0.363%.
Dated July 13, 1945
could not be definitely known to M
1976, and $5,000 in 1977 to 1985,
and due Oct. 12, 1945.
the original holders of the bonds.
Principal and interest (A-O) pay¬
The tax was designed, Mr. Ilsley
able at the Kellogg-Citizens Na¬
on July 26
tional Bank of Green Bay.
The
:
$75,000,000 treasury bills, at pointed out, as a method of asbonds are payable only from an
the original holders,
0.362%.
Dated July 27, 1945 suring to
rather than to recent speculators, ;■
exclusive first pledge of a fixed
and due Oct. 26, 1945.
the benefits of the refunding pro- :j
proportion of the income and rev¬
time.
the
comparable period of 1943-44.
sealed bids until 7:30 p.m.
nancial situation, Dr. Robert Mur¬
for
pared
Linck, Town Clerk,
ray.
ments
tion.
ceipts
6), Wis.
Bond
phase
of Richmond's
survey
interest.
(P. O. Green Bay, Route
X
per¬
tax program for the current year.
Municipality representatives said
they thought they might get fur¬
ther with other points of their
program if they left this highly
controversial point out of consid¬
this
2%%'
WISCONSIN
Allouez
of taxa¬
tion, because he knew it would
take a lot more money and tech¬
at
County
ination $1,000.
sonal investigation, and had asked
the Spiers subcommittee not to
with
Offering—The
until 1:30 p.m. on Aug. 20, for the
purchase of $169,000 semi-annual
refunding bonds, to bear not ex¬
Virginia
steering clear of the controversial
utility property tax issue at the
request of Governor Darden. The
he
■
Treasurer will receive sealed bids
is
Advisory Legislative Council,
headed by John B. Spiers, which
is conducting an over-all study
of
the State's tax structure, is
said
case finally
early date.
an
Wash.
my
A subcommittee of the
at
County (P. O. Olympia),
is
while public utility real estate
assessed at 40% of its value."
eration
made to have the
determined
Legislature, next
January.
to
the principal and inter¬
extra levy. Efforts will
est by an
ities also left the issue out of its
Bond Issue Approved—An issue
They pointed out that
and to pay
"for
a year earlier.
For the
intome tax re¬
totaled $53,183,692, com¬
with
$51,343,780 in the
1944-45 fiscal year,
property of public utilities,
Colgate W. Darden, Jr., an¬
nounced
he
will
recommend a
"There
in
$638,993
Gov.
approved the issuance of $600,000 nical aid than it now has at its
in bonds to provide funds for ; disposal."-'; .v."..','
;i:'.1
When the Spiers subcommittee
school construction and remodell¬
ing. The bonds will be paid off decided not to take up the matter,
the League of Virginia Municipal¬
over a period of 16 years.
Brigham School District (P. O.
Brigham), Utah
the
21,765 votes
of the
said,
investments
in June
$231,186 against $242,210 for
the ballot title failed to state that the same/month a year earlier.
the principal and interest on the For the fiscal year, motor fuel
bonds were to be paid out of a tax taxes brought $2,772,592 in rev¬
levy in excess of the regular levy. enues, compared with $2,340,955
The court is asked to determine in the preceding year.
and declare the right of the school
Cigarette tax receipts in June
cquld see "no excuse" for
Corporation Commis¬
Virginia
of
Among the revenues obtained
by the state in June, income tax
receipts
were
$699,210
against
questioned the validity of
houses
the issue.
State
the
exclusive
government bonds.
plans were being made
bonds for sale, repre¬
sentatives of eastern bond buying
Virginia (State of)
Utility Taxation Study Recom¬
that he
$26,827,540 July 1,
with
$68,182,543
a
month earlier. These figures also
are
to offer the
mended—With the blunt assertion
the
majorities,
received
issue
totaled
state
compared
While
master
plan providing for additional run¬
ways, taxistrips, etc., to make the
airport a Class V field.
bother
City), Utah
available,
for
12,019. cast against it.
to
•
General fund
The surplus in all funds of the
providing
issue
substantial
by
bond
will
structed when labor and materials
latter
UTAH
which
Hos-
'
together with two extra millage
propositions. All were approved
administration
be
con¬
$200,000
a
"
•;
bond
The
the airport,
approved a site
far
so
building,
up
tion of sewage or
have
and
y.'
;«
•
$2,000,000 for buildings, sites, ad¬
ditions, equipment and facilities
for the "school system was sub¬
mitted to the voters last Nov. 7,
with
connection
in
pital.
States
government
receipts for
June totaled $8,818,161, and dis¬
bursements aggregated $43,110,331.
man¬
General
Tacoma
of
ager
and
club
United
bonds.
He
Roanoke
plications
in
designated Walter A.
is president of the
Freeman
Signs of growing activity at the
airport include the ap¬
hard
on
liquor; North Carolina continued
distribution of 75% of the state-
Monday, August 13,1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
728
proposed
present receipts from
Thistle,
Toronto.
Judson & McTaggart of
\
@FedFRASER