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AUG 14 1944
MONDAY
»os
U»^«°
ommetciGLan
Reg. TJ.
Volume
New York, N. Y.,
Number 4307
160
General
RAILROAD
ACF-Brill Motors Co.- -Ruling On
6%
value
Common Stock and
capital
Note—No
The
Uniform
issued'
if
Inc., District
Brill
Motors
settled
6%
Co.
10,
Aug.
written
way'
1944,
notice.
'regular
All
and
basis of
Common Stock Authorized for
The
York
New
shares
of
Stock
thereto
prior
from
on
in
shall
of 962,284
stock
notice
(par
the
common
exercise
of
making
total
a
of
$2.50)
of
Motors
official
on
warrants
1,242,422
notice
of
of
280,138 shares of
issuance, namely,
shares
for
subscribe
to
shares
and
Co.),
stock
common
of
2513.
p.
for;
the
company
ex¬
Alabama
for the current
\y y
■
■
.
July
marked
tory,
than
it is
the
Operating
yry
Net
July 31—
$7,015,279
6,427,618
5,145,624
_w
increase
4,269,825
in
force
in this
1944—Month—1943 "
$9,806,236
__
Business
which
in
month
production
was
of
as
July 31
3,499,001
amounted
to
49,335,345
35,938,248
217.
$550,310,542.—V.
_______
76,500
.mi
r:,,,, n,,,
$422,485
$448,705
Dr2,860
Dr2,349
$419,624
v
.
$446,356
,
:
..
6,700
6,100
125,500
v
V.-'';'
•'
—______—;
60,520
121,850
120,269
_
__.i
T',' ' '
•
Gross income
;
.
taxes...
-y./V
•
income
Other
160,
:
;•'•••
•
47,065
—
earnings
Net
34,406,344
22,467,712
taxes
income
»
.
p.
income
■"Federal
'
.
2,173,076
352,767
3,836
113,354
129,358
amortization.
and
deprec.
-
—
—
other than income taxes
Taxes,
State
1944—7 Mos.—1943
$64,199,633 $45,534,013
—
construe.—credit—
to
1943
$3,356,551
$3,507,104
2,291,769
376,484
5,012
_u_
_
chgd.
expenses
for
Prov.
company's his¬
1944
%
—-
Maintenance
.y;_f;;, 'y,.-,^k-C^'■ 'y.'-
announced,
Period End.
month
such
t .->'■■■
;
purchased——i__
gas
General
previous
Co.—Earnings—
revenue
Operation
*
consecutive
15th
other
any
Gas
12 Mos. Ended June 30—
Washington, D. C.—
Acacia Mutual Life Insurance Co.,
stock,
applied
as
An initial
March 1, last.—V. 153, p. 1857.
payment of like amount was made on
Production at Record—
(par
Foundry
accrued
been
"regulated investment company"
a
Placed
&
Copy
a
holders of record Aug. 15.
$25, payable Sept. 1 to
par
*
$14,646,388
Natural
and
Car
Cents
60
MISCELLANEOUS
-
stock,
for
——
159,
Written
American
has
tax
shares held
1944—
—v.
greater
Listing—
income
as
of 392,652
June 30,
at
and to distribute to its stockholders all of its taxable net income.
$2.50), on official notice of issuance
(namely notice of the filing of the agreement of merger of Brill Corp.
common
(exclusive
INSURANCE
-
year
1944.' "
1,
Aug.
stock
outstanding
Federal
pects to quality
be
one day's
shall be
the deben¬
Exchange has authorized the listing
stock
of
ACF-
1944,
8,
Aug.
and
1969,
Transactions
interest
'accrued
stock
31,
Dec.
after
specified.
Assocaition
"All 'when, as, and
common
due
settled
be
on
otherwise
the
on
Co.
debentures,
may
or
National
the
announces
Motors
contracts
unless
shall be
tures
income
13,
No.
ACF-Brill
in
of
Committee
Practice
contracts
Price
Monday, August 14, 1944
INDUSTRIAL
-
retirement)
Income Debentures-
Security Dealers,
Office
Pat.
Corporation and Investment News
PUBLIC UTILITY
-
S.
I. Interest and other deductions
187,745
171,556
$231,880
$274,800
______
Exchange Agent—
The
Manufacturers
Co.
been
has
appointed exchange agent
to receive stock of American Car &
Foundry Motors Co. and The
Brill Corp. and deliver new securities of ACF-Brill Motors Co. under
terms
of agreement of
merger
dated June
19,
1944.
The Chase National Bank of the City of New York has been appointed
registrar of the common stock, $2.50 par value, of the ACF-Brill Motors
Co.—V.
160,
Trust
Net
In
*:;>';,y
Stock Exchange
Charles J. Hardy,
New York
Stock
John E.
Rovensky,
Ronald R. Monrce. F. P. Whitaker, William H. Kern, Lester A. Black¬
New York
Curb
On
July
ford.
R.
the
27
Frederick
A.
following directors were elected:
Stevenson,
Walter,
J.
Cummings,
Baltimore
H, Webster,
C. Lothrop Ritchie and Ernest L. Nye.
The following officers were elected:
Charles J. Hardy, Chairman of
the
Board;
Ronald
R.
Monroe,
President;
Lester
Boston
President, and E. L. Oerter, Secretary and Treasurer.—V,
Stock
A
Corp.—Payment
on
Principal
5%
of
income
5Vs cfo
the
of
annum
principal
due March
debenture,
per
Los
6 Mos. End. June 30—
Expenses
Int.
$336,398
96,426
91,384
75,194
175,000
200,000
200,000
"■**■ 42,592
40,500
40,500
2,731
1,528
5,429
on
Taxes
debs.
y. $121,227
$15,274
Net
from
sales
of
pared with
securities
of
and
$728,152
net loss of $899,652 for
a
Exchange655^
Exchange
1943
and
a
of $717,821
as
Curb
Statement
r
Net
of
Assets,
Investments,
(Pledged
Cash
on
to
Stock
y.
from
Due
from
issued)
and
"No
Exchange..
r
subscribers
(capital stock subscribed for—not yet
discount
and
and
fixtures
.at
i
expense
nominal
659
____
'.
Total
—-
$25,422,498
I
——
$14,869
Accounts
payable,
accrued
taxes,
etc
yue to brokers (securities purchased—not yet received)___
mount payable for capital stock purchased—not yet leceived
!
-
ividend
V2
payable
July
15,
1944-.
Total
—
.
note obligations maturing Jan. l,
____•
—
1949 and 1950
-
513,866
(March)
Assets—
*
-
-■
_
General
Co.—Earnings—
1944
1943
$1,126,759
536,936
Cr2,895
$1,315,260
544,271
Cr7,107
construction,
to
36,955
Income
income
taxes.
—_
65,540
104,375
37,106
1
;
52,409
45,509
65,581
—__
properties..
electric
of
taxes
"Federal
State
v
(April)
116,405
77,627
71,346
5,768
6,082
$297,424
4,130
$388,687
2,685
tak—_______
675
Net
676
The
Declared
Course
Foreign
and
Other
of Bank
Exchange
663
Payable.—
earnings
income
Clearings
Gross
Interest
660
666
Rates
Net
Statement of Federal
<
...
(net)——
.t
' "No
•:
Statement of Member Banks of
Condition
Federal
Reserve
1944
System.
of National
666
—
Banks
at
April
Transactions New York Curb Exchange....
The
Bond Averages____________
643
y:
Corp.—New
Vice-President—
.
Kansas City,
Kan. V-
and
the
Alaska Steamship Co.—Sale—
Copper
Co.
below.—V.
118,
p.
2307,
10,000,000
*
All-American Aviation, Inc.—Dividend No. 2—
$10,776,l'i0
of
The directors
50 cents
per
on
Aug.
share
on
1
tax payable.
declared
the 4%
a
semi-annual
dividend
convertible non-cumulative
(No.
2)
preferred
Commerce
Federal
Gas Corp.
Water &
Commission on
Aug. 2
concluded hearings
of
investigation
prior
report
control of the Chesapeake & Ohio Railway in 1938
control of the road and its affiliates in 1942,
This
is alleged, took place after the 1940 amendments to
Transportation Act, which made it illegal for a non-carrier to
lost
reacquired
reacauisition,
*
Kennecott
Interstate
Alleghany
John B. Walker will make his headquarters at the corporation's of¬
fice, 60 East 42nd St., New York, N. Y.—V. 160, p. 113.
See
181,185
the corporation and agreed to issue a "pro¬
to reaching final conclusions in the case. This
means
that findings recommended by the presiding officials will be
made available to Alleghany and the public before the full Commission membership makes a final decision.
Alleghany also may be given
the opportunity after the report is issued to argue before the ICC. ;
Both Alleghany and the ICC's Bureau of Inquiry, which sought to
substantiate charges that the corporation and its heads have violated
the Interstate Commerce Act, were given until October 15 to file briefs
summarizing their positions.
The
Commission
Bureau
sought at the hearings to prove that
its
posed"
John B. Wa'ker, Assistant to the Vice-President of United Air Lines,
Inc., has been elected Vice-President in charge of sales of the Air¬
137,482
109,893
proiits
Divestment Plan—See
below.—V. 159, p. 1965.
in
Dept. Store Sales in N. Y. District (June)__ 674
Accessories
excess
—
—
$210,187
.
*
643
Aircraft
income
$391,372
133,229
$168,325
deductions
other
Alleghany Corp.—ICC Concludes Inquiry—
675
643
And
and
•
13,
_________
Transactions New York Stock Exchange
Stock
$301,554
income
666
Banks
Reserve
it
acquire control of one or more railroads without ICC sanction.
Alleghany
contended that,
while its control was weakened
1938, actual control or the power to control the C. & O. system
been maintained unbroken since 1929.
- .
in
has
Hearings on an application by Alleghany for an ICC order clarify¬
and establishing its control over the C. & O. system were postponed until a date to be announced later.—V. 160, p. 425.
ing
:>
quivalent to $4 per share on 3,659,273 shares of $1.25 par
charged
expenses
Depreciation
617
674
.
Dividends
.
Net
2073; V. 158, p, 2037.
revenues
Retirement of water properties—
State and City Bond Offerings and Sales...
■
v
p.
$30,104
Redemption Calls & Sinking Fund Notices. 662
craft Accessories Corp. of
Liabilities—
24,169
__________
Maintenance
Selected Income and Balance Sheet Items
com¬
399,949
-1
.
profits tax payable.—V. 159,
Operation
Markets
55.947
_
value
23,979
12 Months Ended June 30—
\.
-
$54,273
$48,437
Alabama Water Service
656
______
Gross and Net Railroad Earnings
335,868
114.569
427,321
—
______
__
$24,458
excess
Operating
*
delivered)____—
$57,102
^ Brl,175.f ,1 Dr2,829
'
658
General Corporation and Investment News.
1944
:
receivable—.
(securities sold—not yet
5,650
•>
$49,612
___
i
Net income
General
on
-
interest
750
12,169
-
657
net loss of $749,455
,
Unamortized
Furniture
based
secure
brokers
30,
17,788
700
,•
-658
Exchange
Miscellaneous Features
closing market quotations
note obligations)___
——
$24,088,844
value
deposit
Dividends
Due
at
June
;i."
—_
deductions
Over-the-Counter
1
;■
10,959
15,272
19,152
st
\
Toronto Stock Exchange—Curb Section
Condition
'
Assets—
___
—_
78.860
Cr389
12.634
15,529
•
income
Gross
656
656
Stock Exchange.
Toronto
for 1941.
;
taxes
income
Interest
656
Exchange^
Stock
Montreal
1944, there was a net profit
in
1942
income
209,994
■-
.,
income7
Note—For the six months ended June 30,
(Cr)
depreciation—
earnings
Other
655
Stock
Combined Condition
Net
construction
to
.
for
"Federal
654
Exchange
Stock
$119,724
U
___
$395,985
654
,
St. Louis Stock Exchange
10,183
$152,039
disc,
of
—
charged
Taxes, other than income taxes—
State income
taxes
;
654
Montreal
82,695
200,000
40,500
___
__
■
exp.
Maintenance
Provision
Angeles
Pittsburgh
1941
$453,102
.
$454,640
debentures^:
on
Amort,
1942
1943
1944
1943
$402,572
211,694
81,381
239
—
_____—
653
Exchange
For Class I Railways
$468,789
income
Operation
*
purchased—
653
Philadelphia
1955,
from March
Affiliated Fund, Inc.—Earnings—
Total
General
Exchange
Stock
1944
revenue
gas
,
amount
1,
said payment
on
(Bonds)_______ 644
648
Detroit Stock Exchange
of each 5!/2% cumu¬
with interest at the rate
1, 1935, to Sept. 1,
1944. will be made on Sept. 1. 1944.
Said principals and interest will
be paid by check to holders of debentures, fully registered both as to
principal and interest and stamped by President and directors of the
Manhattan Co., the trustee under the indenture dated March 1, 1935,
and
supplemental indenture dated Aug. 31.
1937, to indicate that
such debentures are subject to such supplemental indenture.
It will
net be necessary to present such debentures in order to obtain such
payment.) Also pursuant to the aforesaid provisions, principal and
interest payable Sept. 1. 1944, will be paid to holders of debentures
not so fully registered and stamped,
only upon presentation of their
debentures and coupons, If any,
for stamping to indicate that such
payment has been made, at the principal oftice of the aforesaid trustee
at 40 Wall St., New York City.
;
:^
Charles W. Devoy is President of this corporation, which is located
at 57 William St., New York, N. Y.—V. 159, p. 833.
payment
lative
of
Natural
Cincinnati Stock Exchange
Cleveland
A-NY & B-NY Realizing
633
Chicago Stock Exchange
Vice160, p. 529.
Blackford.
A.
(Stocks)
Exchange
profits tax payable.—V. 159, p. 2185.
Alabama Natural Gas Corp.—Earnings—
Operating
Exchange___.____
Stock
excess
-——
—
12 Months Ended June 30—
?yy-,:.;Page
New York
Officers and Directorate—
'
■"No
Issue
Stock and Bond Quotations
529.
p.
This
income
piiiijiiiiiiiiijiiiiiiiM
Banks, Corporations and Individuals have found
an effective market place for large or small
i„;.;
us
'J
.1
V-
are
readily marketable.
not
INQUIRIES INVITED
120 Brood way, New York 5, N.
r.
S
•
a
"
>i-
fdiiiiiii!iii!iiiiiiiiiiiiiiiiEiiti;iiii:iiiiiinM^
•
-
Y.
I
|
|
|
•
HILL, THOMPSON & CO.,
|
'
.
1
BLOCKS of SECURITIES
which
«.
INC.
J
i
1965,
due
105
at
Co., successor
delphia, Pa.—V. 158, p. 542..
,
Trust
Clvncc
$
-
Co. (& Subs.)—Earns.
Mos.—1943
1944—6 Mos.—1943
Orders
booked
taxes..-./.
and
exc.
: Profit before
Fed.
income
Net profit
Other
2,338,528
Net income
Earns,
Note—Contracts
and Treasury
sion
"
H.
securities
$1
dividend
1%%
of
outstanding 6%
the
on
i
_I
——
—
notes
chgs.
•Expenses
$4,438,183
1,747,870
$16,273,746
2,342,056
income.
oper.
—
—
$3,646,119
1,532,643
$3,643,054*
1,575,995
226,367
income
$2,113,476
$2,690,313
$3,931 690
Operating income:—
$2,067,060
60,024
207,252
105,807
•
>
income and
for
$3,180,000
6,258,633
934,390
2,559,401
2,944,408
2,471,796
3,690,324
27,069,664
excess
^-Centra:
$2,274,311
$2,173,500
$2,796,121
$4,158,056
income—:...
drill, costs, dedepl. 'and leases
aband. and expired—
'
>
„
25,323,561
-
——
—
>'
,
indemnity
Accident
basis
Exchange
i
'
prec.,
stockholders
1,680,669
1,663,435
2,087,881
2,817,099
$1.70
per
com.
$510,065
$708,240
$1,340,958
share_
Earns,
$0.90
•
$593,642
$0.65
$0.75
•
rentals,
taxes,
etc.
provision
2514.
for
(No
159,
p.
excess
1,697,448
1,802,593
reserves
of capital stock of former
pending appraisal——™—
and
$99,955
$93,316
26,808
" 200
22,907
672
" 699
Expenses
Federal capital
State
stock tax__^__/
188
tax
franchise
1,688
s
Other takes
vff 894
"
u 261
469
.
•Net
income
$70,305
surplus
surplus
—_______:—_
—_i_
,
of
realized
Assets—Investments,
unrealized
and
Statement
Net
of
at
profits or losses on securities.
Assets,"June
based
value
/
$68,728
120,791
84,685
Dividends
•Exclusive
"
dividends
total,
Liabilities—Accrued
$64,031.
yet received,
$11,838;
,
P. 320.
1,316,489% shares of $1
par value capital stock (exclusive of 73,526% shares held for retire¬
ment) outstanding June 30, 1944, $4,948,311.
Note—No
Federal
pects to qualify
taxable year
as
and
income
tax
has
"regulated
a
share
order.
been
accrued
the company
as
position
investment company"
the current
income during the
to distribute all of its taxable net
for
American Express Co.—New
company has. completed arrangements to enter the field ware¬
housing industry and has formed a wholly-owned subsidiary, American
Warehousing Corp., to conduct the
PIess.
Reed,
President
and
of
American
operating
Express
activity, Ralph
new
July 31.
the warehousing unit will be at 65
offices of
Co.,
announced
Operations
scheduled
are
to
begin
in
Explaining
is
the
to
preparing
tions
the
warehousing
goods
which
wv!^0^er,n- 1!!
Field
and
organization,
banks
and
Mr.
other
the
mid-Western
local collateral
Warehousing
minimum,
access
portation
between
receipts,
to
Corp.
goods is
the
warehouse
and
representing goods
states.
on
lender—usually
Warehouse
simplified
the
held,
may
is
held
are
of
expense
eliminated.
159,
p.
the
American
as
be turned
bank—as collateral security.—V.
a
the storing
as
premises of
costs
and
the^borrower
so
1, 1944,
to
a
trans¬
Ware¬
over
to
The
New
additional
York
shares
connection
>.n
stock and
the
Stock
of
with
common
Exchange
stock
the
(par
has authorized
$1),
upon
'official
the
listing
of 6,888
notice of
total number appiied
the Marietta
Dyesfuffs Co.
for, 985,358 shares.
(Ohio), making
-
W' 'V*
A/^lnefjeTTa1^ W' R- Hann»n have been appointed Vice-
Presidents
the
G,
of Harold H. Clapp,
Inc., a subsidiary.
Dr. Reinecke serves
Washington Coffee Refining Co. and P. Duff & Sons, Inc. in
an
advisory capacity in addition to his duties as Vice-President and
Secretary of the Clapp company.
Mr. Harman also retains his position
as
Eastern Divisional Sales Manager.—V,
share
of
*
7%
the
on
succeeding
company,
Deegan has been named Director of Public Information,,
Buell A. Patterson, who will assume other duties in the
it
President in
was
announced
on
Aug. 9 by Charles A. Rheinstrom
charge of traffic.—V. 160,
p„
529,"
Vice-
from
link charges for week-day program trans
countries, except Puerto Rico,
wer
160, p. 530.
>
•'*'
,
'\c '
V
ocean
these
all
to
to 33%.—V.
17%
accumulations
of
2 declared a dividend of $4 per share on dc
on
the 7%
cumulative preferred stock, pa
payable Sept. 8 to holders of record
Distributions of $
Aug. 21.
share each were made on March 17 and June 14, this year, an
April 15, July 10, Oct. 15 and Dec. 10, 1943.
After giving effec
to the payment of the dividend just declared, arrearages on the pr
ferred stock will amount to $70 per share.—V. 159, p. 2074.
per
Anaconda Copper
Commercial
The
been
,
Mining Co.—Transfer Agent—
of
Co.
Trust
New
City, N. J. h'
the capital stock
Jersey
Jersey,
agent
New Jersqy transfer
company.—V. 160, p. 530.
appointed
the above
for
Anchor Hocking Glass Corp.—Changes
V.
William
in Personnel^
has been
elected Prefc
Collins, who was. made Chairman, it was
Cyrus L. Fulton, formerly Assistant Treasurer an
I.
J.
1.
Aug.
on
formerly Vice-President,
Fisher,
succeeding
dent,
nounced
Secretar
has been elected Treasurer and Assistant
Assistant Secretary,
—V. 160. p. 2.
Air Associates, Inc.—Extra
Distribution-
declared an extra dividend of 20 cents, p
share and a regular dividend of 20 cent3 per share on the commo
stock, par $1, both payable Sept. 8 to holders of record Aug, 3
Distributions of 20 cents each were made on March 8 and June
directors
The
Aug.
on
8
dividends were paid: March 25 an
25, 20 cents regular and 35 cen
regular.—V. 159, p. 1965.
In 1943 the following
cents each; Sept.
year.
12%
25.
and Dec. 24, 20 cents
member
President
Dickson,
B.
of
Kewanee
Corp.,
Boiler
Kewanee,
director, a member of the executive committee
the finance committee of the corporation to fill
elected
was
of
a
unexpired term of Martin J. Beirn, deceased.
Donald D. Couch of Pittsburgh, heretofore
$677,712
$506,736
474,782
330,876
expenses——
other than Fed.
& excess profits
succeed Martin J. Beirn, deceased.—V. 160,
15,650
111,400
132,7f
80,9
52,425
175,005
192,8'
$89,994
$74,491
$339,689
$310,8'
29,093
259
44,633
$119,087
$74,750
$384,322
$337,1
long term debtdebt discount
23,499
24,119
94,151
97,2
and expense —:—
373
373
1,493
1,941
1,719
108
6,518
318
$92,954
$42,430
$279,063
Fed.
profits tax- -
excess
operating income
Other
(net)
income
Gross income
Int.
p.
on
Account
Income
interest
General
Other income deductions
and
Net income
the
-V.
___
Period End. June
Subsidiaries
revenues
681,868
3,453,609
447,374
1_—
income '
$9,471,513
count
&
Divs.
subsidiaries
4,281,575
4,331,413
8,523,743
of
subsids.
2,633,734
2,633,734
5,267,467
148,998
152,278
273,010
$4,699,876
Balance
$2,407,206
$2,346,841
of
etc.,
Works
Co.,
408,919
440,226
835,169
bef.
$1,906,615
$3,864,707
$3,846,883
Spec,
tax
1,207,978
adjustment—
Net income incl.
tax
•Net
to
•Before
preferred
per
special
The
,790,309
1,404,888
501,727
2,426,125
v,
2,957,301
$1,998,287
$1,906,615
$0.26
'$0.34
adjustment on 2,343,105
share.
tax
dividends.
pfd.
to
of
$1,356,9
141,370
$4,310,895
3,035,342
$171,898
$1,275,553
stocks for
the period
942,889
has purchased a
the
erect
a
meet
to
Prentis,
947,3.
business
plant
tract of approximately 40 acres 1
of Kaankakee, 111., on which
section
principally in manufacture
demands for the company's produc
announced.—V. 159, p. 1138.
to
be
used
mid-west
President,
Corp.—Registers Common Stock—
889,582
1,438,582
$3,864,707
$3,846,883
$0.52
$0.75
shares after
.
..
has filed a registration statement with the Securiti
Commission for 100,000 shares of common stock (
Holders of common
stock of record Aug. 4, 1944, will be giv
right to subscribe to the new common at $5 per share in the ra
share for each two shares then held.
Almost the entire net proceeds will be used to retire the compan:
the
of
common
company
Exchange
par).
spec.
adjustment
income
,
142,2
$3,182,5.
1,825.6
144,143
company
north
W.
and
tax
spec,
$3,040.3
182,576
,
Artloom
inc.
$313,268
„
889,212
$1,998,287
adjustment
$294,316
$4,128,319
$150,173
Net income, incl. spec.
tax
1.893
Armstrong Cork Co.—Proposed Expansion—
m'les
H.
Elec.
Inc.
$311,375
816
charges
materials
Amer.
&
405,0
228,750
$293,500
income
,
plans
Int., amort, of debt dis¬
Water
1,488,000
(net)—__
applicable
The
—
112,000
160, p. 2.
>
•
286,663
$4,736,095
v
5,267,485
in subs.
of
divs.
872 3
120,000
approp.
of plant
income
Net
—V.
Minority int.
etc.,
income
Interest
563,276
863,646
8,609,605
Pfd.
res.
lease
Operating income
$9,46$,266 $18,764,096 $18,899,849
(net),
prem.
237.2
937,428
28,750
Gross
240,016
909.842
80,332
6,595,700
6,484,494
acct.
adjustments
191,162
96,059
(net)
14,147,699
Other
.
prop.
retir.
for
Rent
1944—12 Mos.- -1943
271,581
taxes
taxes
Prop,
1944—12 Mos.—1943
retire.
depletion
1,
$231,0
$1,233,838 $15,426,423 $12, 128,8
523.8
538,969
7,734,084
$1,491,758
expenses
Other
3,266,931
6,320.953
taxes__
depr.,
of
and
3,357,937
income
Amort,
Company
$76,671,919 $72,000 991
31,634,844
27,832,936
5,882,91.5
12,229,328
11,435,991
3,453,598
6,695,511
6,673,239
15,871,984
& maint
taxes
and
of
1,4.
,15,8
'
3,096
Co.—Earnings—
1944—Month—1943
30—
Operating
Inc.—Earnings
$38,736,692 $36,642,103
earnings
for
26,2.
218.
160, p.
Arkansas Power & Light
530.
1944—6 Mos.—1943
Period End. June 30—
Prov.
133,216
33,295
of
Amort.
Federal
Consolidated
Other
$1,866/
1,149,1'
31,000
35,136
taxes
income
Operating
Federal
$2,443,563
1,684,253
.
American Water Works & Electric Co.,
Gross
.
1944—12 Mos.—194.
46,800
Assistant General Man¬
Vice-President-General Manager of Sale3 to
of Sales, was elected
ager
1944—3 Mos.—1943
revenues
Operating
Taxes,
Net
25.
Aug.
Robert
J.
Thomas
rates.
time,
same
„
$100,
quarterly dividend of $1.75 per
preferred stock, per $100, payable Sept. 1 to holders
adjustment
American Airlines, Inc.- -Director of Public Information—
telephon
and
The directors on Aug.
declared the regular
also
was
record
Net
160, p. 53tf.
1
count
25.
Aug.
count,
•
Reduce
week-day
three-minute
for
rates
throughout
channels
reduced
inc.
Sanitary Corp.—Divi¬
issuance
acquisition of all of the outstanding preferred
stock of
the
At
mission
Int., amort, of debt dis¬
Corp.—Listing of Additional
Stock—Acquisition—Officials Promoted— v
in
Colombia
made in Sunday
Operating
located at
Ave., the
A like amount- was paid on this issue on March 31
and June 30,
this year.
In 1943, the following distributions were
made: March 31 and June 30, 15 cents each; and Dec. 28, 10 cents.
record
Gross
American Home Products
$1.9
stock,
the
105.
$0.81
$0.50
•___
shares.—V. 160, p. 113.
Period End. June 30—
July 27 declared a dividend of 10 cents per share
no par value,
payable Sept. 30 to holders of
on
common
Oper. exps.
described by the announcement
as
institu¬
$6,667,97
the United States to Argentina, Brazil
Haiti and reductions on overseas calls t
Puerto
Rico
from
16 States became effective Aug.
1, 1944, as th
result
of
amended
tariffs
filed
with the Federal Communication
Commission
by the above company.
Propoitionate reductions wer
extra,
alphabetical
New
directors
The
on
*
it
$3,334,322
points
Peru,
June
alphabetical
Inc.—-Moves Offices—-
American Radiator & Standard
Sep¬
said
Reed
financial
c4stody of a third party, such
Express
house
was
pledged
are
new
commercial
serve
throughout the Eastern
Field
of
of
purpose
$3,229,697
$0.77
reductions
from
Chile,
dends—New Director, Etc.—
Ttfn*TWa.u' New York City, and a Chicago office will be located at"
180 North
Michigan Ave.
$2,441,491
American Telephone & Telegraph Co.—Rates
General
on
tember.
;___
profit—.
Fed.
a
Subsidiary Formed—
4,902,32
•On 2,868,737 common
this
it is not always
the offices of the company will be
York, NV Y., instead of at-100 Sixth
city.—V. 160, p. 530.
Effective Aug.
233' Broadway,
111.,
The
8,219,023
*500,000
Arkansas-Missouri Power Corp.—Earnings—
There
J. A. Schermerhorn, Works Manager of American Welding Co.
of
Carbondale, Pa., a wholly-owned subsidiary, died very suddenly Aug. 3.
He was 37 years old.—V. 160,
p. 426.
4,390,542
1,120,000
7,131,460
conting.
for
possible.
as
American Machine & Metals,
ex¬
American Car & Foundry Co.—Obituary—
General
reasons
arrange
companies in exact
However, they are always as near
to
on
year.—V. 160, p. 321.
C.
mechanical
NOTE—For
possible
same
Net Assets—Equivalent to $3.76 per
$7,952,033 $11,948,720 $10,465,782 $11,570,29
and'excess
income
Net
1941:
1942
1943
taxes
profits taxes
$148,774,013 $151,693,443
$5 per share in 1943. .
Note—The net assets of'the Canadian subsidiary included above at
the U. S. Dollar equivalent, aggregate $5,156,026, of which $3,386,754
in 1944 and $3,018,873 in 1943 represents net current assets—V. 160,
taxes, etc., and accounts payable (see note),
(securities purchased, not yet received), $44,613;
amount payable for capitals stock purchased, not
before
reserve
Fed.
$5,012,342.
$7,580; due to brokers
total,
but
1944
all chgs.
and
Earnings after
for
reserve
quotations,
market
530.
p.
stgted value is $1 pert share la 1944. and
yet delivered), $1,904; due from subscribers (capital stock subscribed
for, not yet issuedi, $3,806; furniture and fixtures, at nominal value,
$1;
—
——
1944
30,
closing
on
'
cash on demand deposit with trustee, $83,730; interest and
receivable, $26,571; due from brokers (securities sold, not
$4,896,329;
35,196.100
3,839,500
4,702,687
17,682,621
possible losses of $2,750,000 in both years. + After
depreciation reserve of $29,964,355 in 1944 and $27,970,002 in 1943.
tAlso, includes reserves for renegotiation of war contracts in 1944.
The
figures for both years are after deducting U. S. Treasury tax notes in
1944, $8,500,000; 1943, $10,017,200.
§Shares of no par value. The
310
'
:
—
"After
i
$73,353
78,693
>
'
1,621
Adjust, of prior year's inc. tax (Cr)
33,630,100
1,379,077
8,029,177
15,539,499
($100 par)
cumul. pfd. stk.
stock—7%
§Common stock
Total,
$100,135
interest income——
and
*
2,075,000
5,200,000
568,717
adjustments
Post-war
1942
27,486
Dividend
29,981
"Other—
Earned
1943
1,521,802
1,420,659
3,340,000
6,900,000
568,717
American Business Shares, Inc.—Earnings—
1944
160,
on
profits taxes
excess
Capital
Capital
6 Months Ended June 30—
33,871,533
'
-
'
lease
profits tax considered
•Operating, geophysical, geological and administrative expenses,
necessary.)—V,
—j—
Contingency reserves:
Income
income.—______
Net
of
American Woolen Cov-r-To Pay $4 Preferred Dividen
Deferred credits and operating reserves
Total
electric properties of this company for the week
totaled 84,945,000 kwh., an increase of 4.86%
81,027,000 kwh. for the corresponding week o
1944,
output
1943.—V.
relating to Govt, financed contracts
-Reserves:.
Intang,
$0.1
♦Earnings per share
2,770,979
1,—
1,329,080
profits taxes
134,975,625
contracts
ch
Advances
Fund accts.
Other
5,
Aug.
23,871,533
4,800,000
$355,000
7,609,385
payable—banks
payable
__
Reserve
$395,19
(excluding shares held in system/
"
-
Reserve
$148,774,013 $151,693,443
payable
Accrued payroll and expenses
Accrued taxes, other than income—
>
>
6,279,331
28,565,866
1,850,601
24,133,086
11,000,000
594,347 '
821,986
—
basis of cost—_—
Accounts
-
$310,398
$0.13
25,323,561
5,928,000
1,944,877
23,808,329
11,000,000
taxes
Dividends
1941'
t$49,399
+$37,331
American Rolling Mill Co. (& Subs.)—Earnings—
Liabilities-
1942
r
600,000
2,343,105 shares outstanding
the
calls
1943
1844
3 Mos. End. June 30—
600,000
-,5—
6 Mos. End. June 30—
1943:
Govt, financed contracts
Total
Subs.)—Earnings—
Amerada Petroleum Corp. (&
889,21r
$1,595,19/
1,200.00
Power output of the
of $2,400,000.
S. Govt.
below cost
or
assets—on
Notes
835,169
$1,510,398
1,200,000
Output Shows Increase of 4.86%—
30
Deferred charges
•
440,226
$550,601
common
2,678,294
38,614,005
credits on excess profits
•Investments—at
preferred stock, par $100,
11.—V, 159, p. 2513.
408,919
share
•On
over
$13,573,519 $15,026,587
5,064,480
7,091,620
741,870 ;
741,870
19,502,731 17,510,964
securities, at cost.-
Goodwill
in
payable Oct. 2 to holders of record Sept,
Gross
and after post-war credit
'
share
per
split-up
$2,484,40
stock and surplus—
•Per
ended
.
of $12,900,000 and post-war credits of
for renegotiation.
(Includes excess
other war contractors
tFixed
$2,345,567
$3,015,845
$562,669
for
Balance
2,141,520
—
;
•—
-v
—Contra:
on Dec. 10,
1943.
Prior to the three-for-one
October, 1943, the company paid $1 per share on
March 12, June 10 and Sept. 10, 1943.
At
the
same' time the directors declared
the regular quarterly
against
stock
2,551,732
1,231,864
receivable (net)
on contracts with U,
and
Post-war
on
531,44
$990,827
$971,588
__
Preferred dividends
______
4,618,125
,
—
Unbilled
Aug 4 declared a dividend 61 50 cents per share
the common stock, payable Sept, 11 to holders of record Aug. 19.
like amount was disbursed on March lo and June 10, this year, as
directors
....
f Deficit.
1,183,665
689,773
____
Canadian Govt
Accounts
Common Div.-—
Aluminum Co. of America—50-Cent
A
—
Inventories
The
607,317
Net income
3,316,644
1944
and
and
1944—12 Mos.—1943
$2,952,884
also includes provision
Marketable
Lounsbury,
—I
count, etc.
1,160,530
2,400,000
3,050,550
period.
Cash
committee
3,205,298
111,348
11,945,000
Consolidated Balance Sheet, June
S.
—_
Net earnings
y
1,400,000
Fund accts. relating to
on
37,413
*18,750,000 +20,730,000
Assets—1
425.
p.
27,785,53814,556,247
profits taxes of $22,140,000
has
ICC
23,281,813
61,263
•Includes excess profits taxes
$1,700,000.
permitted Thorvald F, Hammer, Allerton C. Hickmott,
and Watson Washburn, constituting the pro¬
for guaranteed stock of the, Joliet & Chicago RR.
and the 6% guaranteed preferred stock of the Kansas City St. Louis
& Chicago RR., to Intervene in the Alton RR. reorganization.—V. 159,
The
-
post-war
Net profit for
U.
23,932,982
etc._
int.,
Expenses^
Int., amort, of debt dis¬
'
Common dividends
Intervene In Reorganization
Alton RR.—Committee to
tective
for
divs.,
Earns.,
....
.
14,460,576
95,671
taxes
1943.—V. 159, p. 2513,
pared with $281,148,014 June 30*
Orlando
inc.
Company Only
1944—6 Mos.—1943
$1,260,377
$1,262 038
238,789
271,211
,
i
Preferred dividends
Law
j
103,598,162
$1.16
528, as amended.
Renegotiation proceedings
between the Government and the company have not been started and
the effect of such renegotiation cannot be determined at this time.
Unfilled orders on hand June 30, 1944, totaled $304,056,713 as com¬
Public
403,
tion
1941
\
'>
•
27.425,106
360,432
_^___—
adjustments
$ 2.18
$1.96
completed for the Army, Navy, Maritime Commis¬
Department are subject to renegotiation under Sec¬
>«'. ' *,;i^
■
23,690,247
191.567
,
for
Prov.
4,123,221 /' 3,488,186
2,056,048
<
$1.17
share
com.
per
11,395,000
17,800,000
6,315,000
10,300,000
taxes....
1942
■ ■
20,261.071
466,614
cperl
charges
Provision
profits
'+
88,070,603
1,066,983
Other income
?
•'
•«',*.
.
Period End. June 30—
135.196,288 212,358,129
1,131,516
1,275,926
from
Profit
59,687,058 176,745,548 106,162.953
97,963,065 157,130,043 144,875,617 216,878,118
12,638,528
8,371,048 21,928,225 14,883,186
' L:
•
4
and gen.
Depreciation
s
$
s
:■
.
159,418,051 241,059,161
expenses
97,741,503
i
.
of
Account
Income
.
sold, incl,
Cost of goods
admin., sell,
1944—3
Period End. June 30—
Billings
C
allowances
and
Allis-Chalmers Manufacturing
,
siic/>f
lace
go
1943
1944
6 Mos, End. June 30—
for
3%% bonds,
the Fidelitytrustee, 135 So. Broad St., Phila¬
purposes,
Philadelphia
1, 1944,
for redemption as of Sept.
$33,OGO of outstanding 1st mtge.
and int.
Payment will be made, at
called
been
have
There
sinking fund
(& Subs.)—Earnings—
American Locomotive Co.
Co.—Bonds Called—
Allentown-Bethlehem Gas
•
Monday, August 14, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
618
one
"preferred stock,
be
V
p.
added
to
Stroud &
322.
the
which will require about $470,235.
Any balanceVw
working capital of the company.
'
:
Philadelphia, is named the underwriter.—V. 1
Co., Inc.,
-
\
'V ; v
:•
olume
Corp.—Sales Increased—
Associated Dry Goods
Period End.
Sales
store
159,
Gross
sales
of
Cost
2298.
p.
(& Subs.)—Earnings
1944
$8,499,593
4,840,868
$1,601,231
348,340
Bell Telephone Co. of
Period End. June 30—
2,086,235
$2,005,031
444,283
Manufacturing profit™-.
Selling and administrative expense-
1942
Operating
302,542
The
ilectric
r
Operating profit before deprec.™
inc., int., disct., etc
:
for the
report
Total income
Depreciation
Prov.
Co*—Special Common Dividend—
Atlantic Refining
have declared
directors
special dividend of 25 cents per share
a
quarterly dividend of 25 cents per share on the common
tock, both payable Sept, 15 to holders of record Aug. 21. On Dec. 15,
st year,
a special distribution of 20 cents per share was made on
is issue.—V. 160, p. 531.
nd the usual
for
Net
Shows Indicated
31, 1943—
eport
Rises to $21.12—Six Months'
Indicated
crease
ended
months
June
8,
-
.
•
■
stock of corporation
inc.
rose dur-
30,
letter
a
accompanying
Floyd
report
the
V-^
>vV:'
B.
President,
Odium,
the
31,
ec.
1943,
last June 5
group
retained
to
nts
investment
that "Atlas
He added, however,
for $5,045,656.
entire
its
1,329,020 shares of R-K-0 com-
of
stock,
additional
purchase
also
reported
sale
of
investment is
rried
in
the
condition at
ne
30, 1944, represents in effect the net cash position of the comny, after providing for all liabilities and reserves at that date, and
ceordipgly,
amount of $3,000,000 at which this
accompanying statement of
financial
the
distribution
ter
ately
in
$1,000,000
to
feet
in
stockholders
the
to
the Dec.
since
year-end
the
addition to the amount of distribution
31. 1943, report of your company."
In
connection with Ogden
Id
his
Corp.,
that
stockholders
536,631
23,159
had
it
largest Atlas subsidiary, Mr. Odium
sold its holdings of Darby Gas &
and Missouri
Corp.
to
sition
dispose
organized
patents
Notes
377,435
—6,663
1
4,149
r
$8,006,380
$7,692,541
in
special loan account
Amounts
Accts.
under
due
;---
-
production
war
Drl21,432
for
income
2,614,238
taxes
r
for
refund
renegotiation
Canadian
for
exchange
.
1
2,112,980
64.000
94.329
97,108
902,025
659,065
———■
„
•Earned surplus
1,202,076
101,000
«
—
—
1,640,350
contin¬
loss,
gencies, etc.■.
—I—"—Capital stock ($5 par)———
Capital'surplus
-
902,025
1,901,821
to
those
than
assigned
July
on
at
V
loan,
31,
Corsicana,
purchased
has
for
Tex.,
a
the
price
in
re¬
1890
v/-;/v.;
■■■
;
:
-
and
post.
Mr.
Aug.
on
this promotion had served
prior to
1
the board of directors created the
the appointment of Mark Dunnell
2,
announced
Dunnell has been with Bigelow
;
*
'... L
„
as
since October,
1930,
Assistant Treasurer of the
■/
........
T...
.r
Awarded Two More Contracts—
The
contract to make 330,000
the last half of this
this latest contract is
completed, the company will have made more than 5,000,000 Army
blankets on. its carpet looms..,
..
.,
...
'
At the same time, it was announced that Bigelow had received a
new
contract for 600,000 yards of wool sleeping
bag cloth, enough
to
make about
300,000 sleeping bags. With the completion of this
order, Bigelow will have made more than 2,000,000 yards of this
.cloth, some,of which, the company itself has fabricated into sleeping
bags, while the remainder has been turned over to other manu¬
facturers for fabrication by them.—V. 160, p. 4.
corporation has been awarded
wool. Army
D.
it
■year,
blankets
announced
was
for
new
a.
delivery
during
4...„ When
Aug..
on
*.
.
Birmingham Electric Co.—Earnings—
contra.
per
•Operating
revenues
Operating
expenses
$994,087 $12,133,471 $10,980,698
$1,045,898
___
*
1944—12 Mos.—1943
1944r-Montll—1943
Period End. June 30—
Federal taxes
64,450
63,261
7,956,884
768,875
6,795,522
tThe provision for renegotiation refunds is based on a counter-proposal
made
Other
71,014
67,637
832,339
803,581
67,833
67,833
813,996
706,998
309
309
3,707
3,707
$143,704
$172,761
$1,757,670
by
the
be
$31,500
would
be
for
company
$32,500 net.
or
(Upon
and
net
1942
the
for
$37,000 net.)
of
refund
a
six-month
the
Such proposal,
refund
period
which
before taxes,
$133,000
the
formula,
same
of
for
ended
is
less
1943
would
1944,
31,
May
the
than
Amort,
figure
D.
C.,
for final determination.—V.
plans
for
Co.,
wholly
a
owned
subsidiary, include postrwar manufacture of oil field equipment, testing
mechanisms and
assemly parts for Baldwin products, Ralph Kelly,
President, recently announced.
The company at present is making
water
wheels, marine and aircraft equipment.—V.
Baltimore &
Ohio
RR.
Frequency Radio—
—
'
•,
159, p. 2627.
Demonstrates Use
'
-
limited-term
of
Net oper. revenues—
1,691
1,273
24,634
$2,030,825
11,959
income
$145,395
$174,034
$1,782,304
$2,042,784
-Interest
charges
42,563
48,578
'565,849
543,712
$102,526
$125,456
$1,216,455
Divs.
applic. to preferred stocks for the period
404,974
$1,449,072
427,406
—V.
160,
'Other' income
Water Wheel
640,065
Gross
159, p. 1034.
the' Pelton
res. approp.
investments
Baldwin Locomotive Works—Post-War Plans-r>
Expansion
622,286
698,588
taxes
Prop, retire,
suggested by the Government for 1942 of $300,000 before taxes, or
$73,000 net, has been referred to-the War Department in Washington,
Net
(net)_
.
.
income
1944—6 Mos.—1943
1944—3 Mos.—1943
i
income
$249,908
$495,311
$245,877
$455,309
/'Net profit
*After deducting all
61,515
51,017
29,272
.v 34,069
charges, including depletion, depreciation, cost
"of abandoned well and
leaseholds, and estimated Federal income taxes,
v*
'■
" '.I',/,--
—V.
Aviation Corp. and being
first -used in the East in
tested by engineers of both companies, is the
yard control operations at frequencies abtfve
150 megacycles.*
m
;:,*■
v. :•
"Two-way radio communication between trains and dispatchers will
expedite the daily movement of thousands of freight cars in local
yards," A. S. Hunt, General Superintendent of Communications of the
B. & O., stated.—V. 160, p. 531.
;
531.
p.
Period End. June 30—
Gross
company'on July 27 demonstrated how the use of very high
frequency radio would speed the handling of freight trains in terminals
and thus promote better service and greater efflcifency.
: The new radio equipment, developed by the Radid Division of Bendix
v
Bishop Oil* Co. Earnings—
of High
"
The
its own common stock during the
period at a total cost of $810,869, or an average of $12.69
the stockholders were informed.
This, it was pointed out,
s considerably
below asset value and served to benefit the common
ock remaining outstanding at June 30 by about 23 cents per. share.
159,
2298.
p.
.
Black & Decker Mfg. Co.—Extra
dividend
An' extra
dividend
'stock,
of
40
of
cents
40
cents
share
per
per
have
Distribution^
share and the
been declared
-
usual quarterly
the common
on
value, both payable Sept. 22 to holders of record Sept. I.
1943 or in 1944.—V.*160, p. 4.
no- par
No other extras were disbursed either in
share,
*
'
"'
•'
-
$1,697,670
94,713
Scellaneous
fTotal
__i
76,318
389,411
$684,501
439,006
$1,219,016
$245,495
$405,221
profit
495,715
Gross
Fixed
,Int.
i
.
831,388
cost
et income before de-
provision
Federal
income
t
for
Si
tax
,.$2,238,075
,--
*1,582,972
ov.
for contingencies- /o-
*$514,732 *$1,725,897 *$1,177,751
30,000
86,200
,
dividends
—V.
*Loss,
tlncludes $296,202 in 1944,
in
$1,030,736 in 1943, $81,526 in 1942
dividends from majority-owned
interest).
1941
(also in
594,167
666,002
550,312
615,041
516,372
602,239
585,396
mies
subsidiary com¬
1944, $47,840
Balance Sheet,
_*
of
and
$775,747
$461,502
$136,716
$107,636
23,225
February
—
—
-
valuations (cost $13,022,622)
management's valuations (cost $560,644)_
management's
assets
at
$107,636
322.
160, p.
W.
Porter
400,000
$86,716
who
1,500,540
68,524
■■■
-
•
.
has
years,
V.
Co.
have
Works
acted
p.
arranged
Acquisition
Total
transaction whereby the above
a
into an agreement with certain stockholders
Duluth, Minn., to purchase all of the out¬
of
360,000
General
Counsel
Barium
for
Steel
$92,550
and accrued expenses—
ovisidn"" for
taxes™
ovision
contingencies
.—
cumulative preferred stock (par $50)
ount reserved for premium to which
entitled
-mmon
upon
52.968
preferred stock is
1,718,670
11,502;505
redemption
stock (par $5)—:
-
100,000
17,186,700
—
:
law)
Delaware
ficit
—
—
appreciation (excess over cost
anagement's valuations of assets)—
;t unrealized
$3,538
$68,537
Gross earns,
Operating
*Net
2,290,306
1944—6 Mos.—1943
$4,383,727 $28,062,454 $24,872,177
1,983,221 13,468,913 11,237,250
$2,596,012
from oper.
expenses
$2,400,506 $14,593,541 $13,634,927
$4,886,318
;
earnings
*Before
S. currency)
1944—Month—1943
depreciation and amortization.—V. 160, p. 4.
.
sales
Broadway-Trinity Place Corp., N. Y. City—New Se¬
Corp.-r-Earnings—
1944
'
v
"
1943 *
-
:
12,771,634
Lee S.
Buckingham, President, in a letter to the first mortgage certifi¬
Building Corp. (39 Broadway, New York), on
cate holders of Harriman
6,202,731
376,600
Earnings
•
The
per
net
$3,720,823
1944
$313,291"
common
sales
as
for
share
the
three
months
compared
with
Bausch & Lomb
$179,017
in
1943—V.
163,500
$274,872
$178,238
$0.51
June
30;
1944,
were
and net profit $78,738
159, p.
1548. '
Optical Co.—Obituary—
Dr.»Edward «Batisch,/ Chairman
N.
ended
compared with: $3,731,463 in 1943
"$341,738
> $1.16
$1.40
/
;
$581,872
307,000
$689,891 -
tax.
Net profit
,
of
-
the
Board, • died: at Rochester
p." 218.
Y., on July 30 at the age of 89.—V. 160,
Benton
County Utilities Co.—Merger—
"
-
7~~
See
-
Empire District Electric Co.,
below.
Commercial and Financial Chronicle (Reg. U. 8. Patent Office) William B. Dana Company, Publishers, 25 Spruce St., New York
William
Dana
Seibert, President; William D. Riggs,
Business Manager. • Published twice a week [every Thursday (general news
offices: 135 S. La Salle St., Chicago 3, HI. (Telephone: State 0613); 1 Drapers' Gardens, London, E. C., England, c/o Edwards & Smith,
class matter February 25, 1942, at the post office at New York, N. Y., under the Act of March 3, 1879.
Subscriptions in United States
The
The new securities and
,
,
cash under the plan of
reorganization affect¬
ing the premises, 39 Broadway, New York, are now available for dis¬
tribution, together with the interest on the new bonds payable July 1,
1944,
1.
for
as
New
follows:
income
the old
2.
bonds of Broadway Trinity
certificates which
A certificate
are
surrendered;
Place Corp. par for par
,
;
<
,
(printed on the reverse side of the new bond), repre¬
Broadway-Trinity Place Corp.
' .
•
v
3. Payment of i/2 of 1%
of the principal amount of such old cer¬
tificates, representing the pro rata share of the balance of the cash
senting two shares of the capital stock of
for each $500 of such old certificates;
received
on
.
the consummation of the reorganization, after paying costs
and" expenses approved by the court and after
set forth below in this letter; and
setting aside the reserve
Payment of 1% of the principal amount of the new bonds, as
the interest payable July 1, 1944, from the available net income for
4.
7, N.'Y., EEekifcan 3-3341. v Herbert D. Seibert, Editor and Publisher;
and advertising issue) with a statistical issue; on Monday].
Other
Copyright 1944 by William B. Dana Company. Reentered as secondand Possessions, $26.00 per year; in Dominion of Canada, $27.50 per
Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia, Australia and Africa, $31.00 per year.
year; South and Central America, Spain,
ations in the rates of exchange, remittances
,
as
$67,829,410
V°l159,~p. ~1442~.
income
1
Interest—
$6,544,469
6,394,777 "
6,448,130
Ready for Distribution Together With July
curities
~
-- -
1942
$6,976,649
$7,138,021
;™—™_
(net)™„_
Gross profit —i.
Federal
25,534,744
1,130,361
of market or
,„„™
%
in
pital surplus (of which $320,410, representing par value
f capital stocks in treasury, is restricted as to dividends
under
3,184,442
159, p. 2411.
(Expressed in U.
for many
Corp.
1943
$3,252,978
July 31 said in substance:
payable
for
1944
3,085,947
*■
service™™
'Brazilian Traction, Light & Power Co., Ltd.—Earnings
the firm of Willkie, Owen, Otis, Farr &
and a director of a number of corporations,
G Months Ended June 30—
Expenses, etc.
+1.8
—4.0
115.
receipts over cost of service.
of
Excess
-V.
of
cost
Period End. June 30—
(Including subsidiary, Sunland Investment Co.)
14,460,013
999,749,000
—2.5
■
$3,089,485
Month of June—
Total receipts
Liabilities—
counts
960,012,000
/
531.
.Barker Bros.'
29,884,568
V ":V"-"/$67,829,410
as
1,051,838,000
$375,747
$461,502
has been elected a member of the board of directors thereof.—
160,
3.3
+ 2.3
—1.7
Boston Elevated Railway—Earnings—
Gallagher of New Work
$21,555,765
+
1,526,970,000
1,358,757,000
1,215,393,000
make figure comparable.—V. 160, p.
*Revised to
•
&
Clyde Iron
Net
;:Y'r
—
...
,
—1.9
1,335,497,000
1,185,410,000
-
July-
50,000
;
% Change
1,070,793,000
J.
April
May
June
war
accelerated
decrease of
X
1,561,456,000
March
New Directors-
representing securities for which market
quotations are available, priced at June 30, 1944, market
quotations (cost $18,350,221)
——
vestments
in majority-owned
subsidiary companies at
■
466,399
1943
1,622,025,000
1,653,787,000
1,542,646,000 *1,492,823,000
January
of the outstanding shares
-or
such lesser number as Barium may agree
to accept, accept the
offer, Clyde Iron.Works is an old, well-known manufacturer of hoists,
derricks, whirleys and other similar equipment.-
rtfolio holdings,
Tntal.
.23,225
453,634
77,706
a
4.0%.
standing capital stock thereof, provided 95%
June 30, 1944
certificates of indebtedness (cost $1,500,000)
accounts receivable and interest accrued—
S. Treasury
reports output for July, 1944, of 960,012,000 cubic feet,
compared with 999,749,000 cubic feet for July, 1943,
Output (in cubic feet) compares as follows:
-as
Robert C. Hardy, member of
sh
her
•
special
(incl.
corporation has entered
Assets—
vidends
for
3,871
75,356 ~
income,
*
$1,265,371
Barium Steel Corp., Canton, O.—-Proposed
*$600,932 *$1,765,397 *$1,189,351
-515,628
dividends
$86,442
debs.i.
A
$938,361
3,871
,
series
$218,294
11,600
9,500
.™-.—
mmon
d
21,200
$186,862 •
Balance
$2,208,075
period
39,610
depreciation).
A.
income for
$974
"
30,000
for Fed. inc. tax_
eferred
6,967
charges
res
-
-
L
ov.
Net
$1,244,171
income
income
on
Prov..
1,971,392
*1„733,748
,
duct,
2,369,012
$898,751
•
•'
Net
the basis
on
2,338,785
1944
of
sales
on
average
464,211
$214,319
p.. 219.
160,
Boston Consolidated Gas Co.—Output Off 4.0%—
The company
Non-oper.
$1,406,687
securities
265,762
$179,895
Operating income
$1,696,364'
477,348
$1,796,098
income
Taxes
—
—V.
$2,185,211 $12,343,446 $12,624,860
1,506,681
9,105,911
9,011,677
$2,054,528
1,508,871
$900,936
penses
t
$824,619
99,399
-
1944—6 Mos.—1943
1944—Month—1943
'
Operating revenues
Operating expenses
2,662
—
Profit
of
1941
$585,103
$1,576,906
.
116,796
3,716
'
Interest
1942
1943
1944
come—Dividends
subsidiaries)
Sales
Up 27.8%—
1944—Month—1943
1944—7 Mos.—1943
I $2,348,588
$1,837,599 $25,956,534 $23,992,886
Period End. July 31—
(Including Baltimore Coach Co,)<
Period End. June 30—
(Corporation and its, investment company
Bond Stores, Inc.—July Sales
Baltimore Transit Co.*—Earnings—
'•
for Six Months Ended June 30
Income Account
>
Co.
v -:;
held
meeting
a
that
1,738,170
$7,692,541
Regulation
under
announced
was
Prospecting
■>/;;./
company;
•
—
*Other
&
659,065
$8,006,380
.
Total
4,456,194
....
contracts
D#,134,539 Brl, 196,946
tProvision
Well
office of Controller, and
:•
$1,800,000
$1,800,000
Drl36,415
payable, deposits reed., accruals, etc.™—
Provision
At
.
O.
payable under regulation "V" loan
Cash
months'
^
695,154
——1
—
$7,907,027
4,569,403
Bigelow-Sanford Carpet Co., Inc.—Controller—
Liabilities—
reacquired 63,892 shares-of
Atlas
—
it
company,
2273.
p.
608,869
2,894,288
—
„
•Employee^ accounts '-a™
Mr. Odium
prospect,
706,982 '
2,941,517
Diesel
wrote, it has been decided to
fer reappraisals of majority-owned Atlas subsidiaries until the end
the year, adding, however, that "if no change were made in the
lues at which subsidiaries are carried other than to carry the holdgs of Ogden Corp. at the June 30 market price of $4.25 rather than
$2.50 per share, the indicated asset value of the common stock
your company at June 30, 1944, would have been $23.09 per share
stead of $21.12. per share as reported above."
this
of
Because
™_—J™_c__-
——
'Other
stock of
its largest holding, viz*., the common
Gas Light Co."
of
Laclede
.
plant (.net)
698,561
assets ——————————225,646
given
Natural Gas Co. early this: year, and on
arch 15 had paid a dividend of'50 cents per share in further disibution of assets.
He added that Ogden Corp. "soon should be in a
ectric
May 31, '44 Nov. 30, '43
$2,552,854
Operating
$7,256,220
727,803
and credited with
perfecting rotary drilling equipment, has been engaged in manufac¬
ture under Army, Navy and Maritime Commission contracts.—V. 155,
Sheet
Balance
-
.*Accounts, receivable
$1,300,485
765,700
219.
Bethlehem Steel Co.—Further Expansion—
American
995,100
4,892
'
$1,200,804
income
operating
160, p.
ported to be in excess of $1,000,000.
The American Well company, organized
$2,367,017
approxi-
of
1,533,678
income
This
27,061
$1.22
$1.14
,
...
the plant, equipment and invenries of Rotary Electric Steel Co., a 99.9%
Atlas-owned subsidiary,
July 1, 1944.
"As a result," he stated, "the principal asset of that
bsidiary company now is cash, plus some accounts receivable. .The
bilities consist of accounts and taxes payable and various reserves,
Odium
$220,793
$1.40
Notes, receivablet
and 327,812 option warvalued at $573,671 on the §ame
te.
Mr.
$206,700
81,182
'
Obligations of the U. S. and of the Dom. of Can,
valued on June 30 at $13,290,200,
stock,
on
277,448
share
Consolidated
Reserve
June 30, 1944.
on
sales, the President reported, the largest was of 57,337
Radio-Keith-Orpheum Corp. preferred stock, sold to a bank-
of
ares
g
approximately $23,056,000
to
these
Of
as
half of
first
998,442
assigned
1944 company sold a substantial amount
its portfolio investments and thereby increased its holdings of cash
d U. S. Government securities
from approximately $10,313,000 on
During
1,239,076
reneg
and .oh hand———™
:--V
-•
5,702,353
35,589
Total
after providing for the outstanding preredemption price of $55 per share and accrued
with a similar value of $19.39 reported a year ago.
ividends, compare
52,064
$253,753
90,202
and
taxes
per
Inventories
*
full
at
58,797
Assets—
arrived at
figures,
stock
Net
—V.
$533,830
income for period
Earnings
^,;v■ ^*/
These
.rred
In
<.
•
value of the common
asset
six
olders
ug.
•.
1944, to $21.12 per share, an
of $2.11 over the Dec. 31. 1943, valuation of $19.01. sharewere informed
in the corporation's semi-annual report issued
the
ig
Worth of Common Up $2.11
,■
$1,257,205
___——
Cash in banks
ince Dec.
$1,551,626
-
Dividend declared
^
Atlas Corp.—Stock Value
4,314
-
The
$510,391
23,439
$1,252,892
Dr9,122
Net
124,681,606 kwh., an increase of 3,412,663 kwh.,
the corresponding week of last year.—V. 160, p. 531.
was
over
$1,560,743
Other
net electric output of the Associated Gas &
1944,
4,
Aug.
group
2.8%,
Associated Gas & Electric Corp.
the
of
trustees
ended
$8,142,620 $50,819,283 $48,078,721
5,586,750
33,704,525
32,060,243
1,255,385
9,858,538
8,111,451
$8,439,835
„
Operating taxes
1944—6 Mos.—1943
$8,149,289 $50,862,933 $48,111,213
6,669
43,650
32,49a
7,306
rev.-
Operating revenues
Operating expenses
$812,933
1
Pennsylvania—Earnings—
1944—Month—1943
$8,447,141
revenues
Uncollectible oper,
Associated Gas & Electric Co.—Weekly Outpux—
.'eek
619
.
*
$2,899,168
6,494,561
—
1943
$6,442,099
sales, excluding deprec
$20,351,203 $18,272,824 $43,121,926 $39,824,552
companies
V.
6 Months Ended May 31—
V-
'
Atlas Imperial Diesel Engine Co.
-
1944—26 Wks—1943
1944—13 Wks.—1943
July 29—
subsid.
by
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4307
160
for foreign subscriptions and advertisements must be made in New York funds.
NOTE: On account of the fluctu¬
dated Dec. 31,
1943.
An audited report
for such first
fiscal period of $49,566, of which $45,955 is applicable to the payment
of the V/6 interest on the new bonds on July 1, 1944, and $3,611 for
bonds will be issued
under a mortgage indenture
shows available net income
payment into the sinking fund.
The
Sterling National Bank & Trust Co. of
at the office of the Sterling Na¬
Trust Co. of New York, 122 East 42nd St., New York.
exchange will be effected only
The
tional Bank &
Rental
income
income
Miscellaneous
$180,730
—1
—
801
.f.
accrued interest on 5% debenture
etc., $20,937; provision for taxes, $6,830; 15-year 5% debentures, d
Nov.
1, 1950, $1,872,000; common stock (par $1), $563,500; capit
surplus, $4,305,779; total, $6,769,046.—V. 159, p. 1653.
payable,
Administrative
71,519
March, 1943, has now been elected Vicecharge of Woods Operations for both. Brown Co. and
Mr. Schanche formerly was with Abitibi Power & Paper
the
joining
in
President
Brown
Corp.
Co.. Ltd.
Downing
in
company
and
Co.
Brown
Other
director.—V. 160, p. 323,
has been elected a
Griscom Bettle
Net
for
annum
per
__
dep^eciyion of building
proval to Solicit Holders—
second amendment filed by a protective
preferred stock of the cor¬
approved Aug. 7 a
SEC
the $1.60 second
for holders of
committee
poration.
The amendment proposes a
preferred stockholders.—V. 160, p. 427.
Net loss
$26,148
—
——
Balance Sheet As At April 30,
third solicitation of second
Union Gas Co.—Amends
Brooklyn
The
sinking fund debentures in
securities are
The
$30,000,000 of general
disposed of at competitive bidding and
be
to
petition was accompanied by a contract between
Halsey, Stuart & Co., Inc., under which the latter
at V/u%
interest fixed
of
the
the company and
agrees to make a
amount of both securities with rate
on the debentures.
at least the principal
firm bid of
the New York
with
the bonds and 4%
on
new
petition conforms with a recent decision of the Commis¬
denying the company's original petition for the private sale of
borfds.—V. 4160, p. 531. '
•
J
the
$316,537
Canada Bread Co.,
9,796
15,272
charges
146,017
137,431
$4,243,040
1,717,818
$4,054,3
1,611,3
$175,596
$233,015
$2,525,222
$2,442,9
stocks for the period
1,193,422
1,253,7
to preferred
160, p. 219.
Catasauqua & Fogelsville RR.—Merger—
See
below.
Reading Co.
J
from
income
1943
1942
1,643,731
$6,116,841
1,763,369
$5,500,975
$4,353,472
10,897
34,738
22,580
9,771
36,474
$5,600,143
$5,395,639
$4,399,716
investments...
from
and discount
Interest
$5,362,162
64,430
Operating profit, before deprec
Income
Total income
(net)
„—
______
Depreciation
'
*441,250'
120,000"
*487,067
—;.
$805,335
$793,476
$564,537
278,457
317,597
256,429
—1—
—
Bond
2,643
interest
20,000
against inventories
Reserved
120,000
3,362,694
$864,888
9,399,200
$531,084
8.730,826
*218,500
122,000
consolidated profit
Net
$257,577
137,500
20,000 '
Dividends
—
$237,378
137,500
20,000
$183,465
137,500
shares
common shares
preference
on
Dividends on
portion of $20,700 in 1944
Net
for 6 mos. end. June 30
earns,
Earned
surplus,
10,372,214
Jan. 1_.
Total
____
—
Preferred
dividends
Common dividends
Sheet, June 30,
$441,711; Dominion of Can¬
appropriated
mortgages
Liabilities—Accounts
wages
accrued
other
and
charges,
reserve
for
serve
payable,
for taxes. $256,244; dividends payable, $54,375; re¬
contingencies, $100,000; 6%
cumulative redeemable first
$481,472;
($100 par), $1,250,000; 5% cumulative participating
preference shares ($50 par)„ $1,250,000; common
no
par), $25,000; earned surplus, $710,028;
total, $4,127,119.—V. 158, p. 1527.
$10,692,857
of
$9,758,760
$8,692,36G
$0.56
surplus, June 30—
Earnings per common share
amortization
200,401
369,143
308,807
370,565
$0.54
$0.27
facilities,
emergency
stock
B
class
redeemable
National
Ry.—Secondary
Cash
U.
hand
on
S.
demand
and
Treasury
notes,
Offering—Wood,
secondary offering
The bonds are
priced to yield 2.50%. Bonds are non-callable and are
guaranteed by the Dominion of Canada.—V. 160, p. 428.
of
Inventories
$3,293,133
6,565,023
8,551,178
10,254,347
24,252
39,071
22,972
41,343
;_
Prepaid insurance, traveling expenses, etc.—
Advance payments of royalties & commissions
Premium
deposits with mutual
insurance
com-
*
'
Cash surrender value of life
Post-war refund of excess
Due
from
employees'
profits taxes
insur.
prems.
Miscellaneous
Investments
——;___
and
Property, plant,
t Goodwill
_____
(net
equipment
,
.
accounts
accounts
Accrued
taxes
_____
_____
Accrued commissions
Additional
and
royalties—__________
cost% of contracts invoiced to cus¬
tomers
16,350
;xL.
payments on sales contracts..,.
>
Reserves for post-war <fc other contingencies—
preferred stock (par
(par
Capital
surplus
Earned
surplus
—
"Less
5,547,400
6,176,135
5,586,255
10,692,857
——_____
i—
Total
4l',256
5,446,200
$100)—.
218 B'u
38;i35
$5)
1,533,477
25° *26
;
____
1—
stock
309,722
6,176,095
reserves
reserves
Common
35,000
.
452,092
1,583,823
5,605,962
9,758,760
$41,337,582 $39,005,302
credit
for
reserve
$374,190 in
1943.
losses and cash discounts, $429,533 in 1944
tConsisting of engineering development trade¬
Extends
N.
R.
group
South
offices
the
Insurance
Knox,
President,
has
announced
extension of
additional
in Evansville,
Evansville
ance—hospital
and
Ind., and Erie, Pa. The new protection provides
personnel with two forms of disability insur-:
Erie
expense
and
surgical
operation
benefits—and
places
$941,310
$922,4
to
Fed.
Service Co.— -Earnings—
Fed.
425,100
415,591
1,813,477
1,665,
153,000
132,000
644,000
809,
tax
671,000
1,306,000
lieu of Fed.
prof, taxes
365,000
3,434
$987,419
$3,915,168
$3,978,
452,222
449,358
1,774,205
1,807,
$460,235
income
$538,061
$2,140,962
$2,171,
deducts..
other
&
Int.
6,635
$912,457
income
Gross
122,
$3,971,
6,
$3,896,400
18,767
$905,822
income
oper.
890,000
$983,983
inc. & exc.
Net
1944—12 Mos.—194
$4,272,290 $18,318,017 $16,970,7
9,768,129
9,302,
2,375,712
$4,620,355
2,465,433
—
taxes__
prof,
in
alphabetical
exact
1944—3 Mos.—1943
prof, taxes
income
exc.
in
always as near alphabetical
possible.
as
than
other
inc. & exc.
Federal
it is not always
reasons
companies
arrange
Central Illinois Public
income
directors
1 declared a dividend of $3 per share on
the $6 and 6% preferred stocks, paya
Aug.
on
accumulations
of
count
on
Sept. 15 to holders of record Aug. 19.
This compares with $2 paid
June
15, and $1.50 on March 15.
In 1943, the following paymei
were made:
Feb. 18 and Sept. 15, $6 each; and Nov. 15, $4.
Central-Illinois Securities
of
As
June
value
ledger
will amoi
just declared, arrearages
of Sept. 30, 1944.—V. 160, p. 532.
payment of the dividend
After
to $7 per share as
securities was above
$33,005, compared with $575,664
of June 30, 1943.
preference share as of June
compared with $16.12 on Dec. 31, 1943, and $16
amount of
the
in
Corp.—Quarterly Report
the market value of
1944,
30.
31, 1943, and $563,459 below as
The indicated net asset value per
Dec.
1944.
$18.68.
1943.
was
June
on
30.
Account
Income
.„
Six Months Ended June
for
30
1944
1943
$71,851
194
1942
$63,357
$71,133
:
3,133
1,882
1,939
$72.
2.
& admin, expenses
$66,489
15,517
$73,732
14,068
$73,072
13,829
$74.
15,
4,108
3,386
See"
4,
$51,749
$51,
Income—Dividends
Interest
Total
Gen.
(
income
taxes
Fed.
than
other
Taxes
taxes
period
income for
Six
for
Months Ended
June
$42,807
1943
1942
1941
$147,830
$152,333
$157,763
5,216
3,269
4,231
111
$139,159
493
$156,314
$156,563
$157,874
$139,652
15,367
14,143
11,035
12,407
5,392
2,336
5,715
2,411
5,682
2,446
Income—
Dividends
Interest
"Taxable divs.
distrib.
income
Management fee
Fees of
agent-
transfer
trar,
stock
capital
for
*
1,597
loss
income for the reason t
determined for income
the basis of the original cost, exceed net income for
provision made for Federal taxes on
on the sale of investments,
on
purposes
Sheet, June 80
Balance
Cash
banks and
in
(net)
Investments
receivable
Accounts
and
Prepaid
hand
on
3.077
charges
deferred
2.
,
$4,184,835
,
,
taxes
income
Convertible preference
stock (200,000 shares, no
par)
stock
915,736
Undistributed
interest,
income
net
from
accompanying
per
stock
in
dividends
915,
1,691,472
par)
($1
surplus
Common
2,000,
demand, secured per
on
___________
Common
39.
7,
2,000,000
payable to bank,
Deferred
$200,
276,693
8,550
20,969
'
Liabilities—
Accrued
$4,032,
$175,000
Total
Note
194
$35,
3,993,
1944
$25,802
4,054,281
101,675
Assets—
1,792,
and
577,449
557,
Brl,481,034 £rl,481,
summary
treasury
3,356
56,462
5,901
4,860
56,258
2,600
,
3,211
*
65,909
2,500
$73,565
the
tLoss.
declared
form
of
109,676
securities
$44,259
56,434
t$30,580
4
56,519
t$76,888
at
amounts based
.
at
Sheet
"
At
average
•
June
cost,
on
£3,389
market quotations.
"
30,
$4,032,
347.
noon
Sought—
Co., trustee, 45 Milk St., Boston, Mass., \
receive bids for the sale to it of 1st & g
Colony Trust
of
18
Aug.
mtge. 3%% bonds, series H. due Aug. 1, 1966, to an amount suffici
to exhaust the sum of $50,155, at prices not to exceed 104% and
124,251
$30,583
56,350
—v_"
p.
interest to
Aug. 21,
1944.—V. 160, p. 219.
,
29,306
*
Balance
$188,916;
Old
crued
*
•
42,192
cost)
Assets—Investments,
159,
Central Maine Power Co.—Tenders
until
$47,363
$79,096
of in¬
(computed
avge.
$4,184,835
Total
—V.
.
The
tax
sales
on
basis of
"In
$50,497
3,
Se
period.
Fed¬
$72,775
income
vestments
on
1,767
56,247
normal
Net income
Net
' ;
realized
Capital
!
expenses
Prov.
and
taxes
miscellaneous
Other
eral
2,511
2,100
custodian, regis¬
Legal & auditing fees__
Fed.
i
Commitment
30
1944
;;
.
-4,556
4,741
1,624
1,800
income
on
contra
Acconnt
-
notes payable..
on
Net
1943, of $7.20.
31,
Dividends
the
insurance benefits, similar to coverage established earlier at the
Milwaukee plant,
to employees in the companys plants and
$68,646
1943
Carriers & General Corp.—Earnings—
net assets of corporation, with securities at market quotations,
deduction of principal amount of outstanding debentures, were
$6,564,078 on June 30, 1944.
Of this total, $6,317,112 represented in¬
vestments and $188,915 represented cash in banks.
Such aggregate
net assets of the corporation increased during the six months ended
June 30, 1944, by $565,693, or 9.43%.
At June* 30, 1944, the asset coverage per $1,000 of debentures then
outstanding (excluding unamortized debenture discount and expense
of $63,726) amounted to $3,472.
This compares with $3,167 at Dec.
31, 1943.
The net asset value of the common stock was $8.21 per
share, representing an increase of 14% over such net asset value at
Net oper. profit
Benefits—
$1,424,0
501,6
However, they are
position
Century-Parkway Corp.—Tenders—
marks, and patents;
1
$1,442,917
501,607
mechanical
NOTE——For
"No
122,870
400,489
$110,448
41,802
5.
possible
$8,750,000
Total
Total
Advance
Insurance
7.659,039
67,157
___
693,7
41,802
before
«■«»'' 96,583
253,648
$2,117,7
636,166
$67,539
160. p.
losses
$1,246,388
9,318,422
———
payable
—
Income
$1,011,085
282,685
1944
earninas
v
110,613
303,387
;
—
Miscellaneous
Accrued payrolls
and
5,456,726
6,838,511
■
payable———
Dividends, payable
7%
'5,165,482
6,838,511
$2,079,083
52,926
pfd. stock____
order.
160, p. 532.
$41,337,582 $39,005,302
Liabilities—
Other
1,238!672
47,093
$163,373
53,019
$109,341
Prov. for Fed. inc.
$9,156,000
Ended July 31—^
10 Days
Traffic
—V.
Dec.
Total
Trade
79,370
26,025
524,500
14,589
1,190,422
insurance policies
retirement
■
74,634
27,700
1,107,918
18,765
50,710
panies
$162,360
income
on
-V.
$25,000 4%% bonds due Sept. 1, 1951.
4,602,998
receivable
notes
; • 1943
4,216,386
deposits.
1,536,0
3,199,7
Gundy & Co., Inc., New York, made a
Canadian Pacific Railway—Earnings—
1944
$3,852,366
10,180,188
series
tax
accounts and serial
"Trade
I
.
1,539,000
3,495,718
deducts..
other
&
Int.
;
128,000
225,612
Balance
shares,
(200,000
Canadian
Comparative Consolidated Balance Sheet, June 30
Assets—
128,500
261,531
taxes
income
Gross
Int.
The
1944
for post-war rehabilitation of fixed assets,
receivable, $14,500; buildings and equipment (less
reserve
for
depreciation of $3,437,225),
$1,881,558; land, $346,967;
prepaid insurance, taxes and other charges, $95,540; post-war refund
under the Excess
Profits Tax Act, $27,200; goodwill (less amounts
written off), $500,000; total, $4,127,119.
bonds
$200,000;
and
deprec.
for
S3 Dividend—
Dominion of Canada
receivable (less reserve for
doubtful
ada
$9,261,910
$11,255,790 $10,264,088
192,367
196,521
.
Earned
♦Including
$883,575
for
.
378,944
___
amortization
Net
in banks, $281,978;
and
hand
on
Victory bonds, $125,000;
accounts
accounts), $212,665; inventories,*
3%
$931,334
expenses
Provision
and $6,500 in 1943.
preference shares
'
Prov.
Other
; :
269,300
Prov.. for inc. & excess profits taxes
385,039
;
3,969,500
120,000
4,109,500
Contingency reserve
Prov. for Fed. & State taxes on inc.
$561,948
2,590
cf bldgs. & equip.
for deprec.
Consolidated Balance
$7,005,893
1944
selling exp._
Operating
1944—12 Mos.—194
$864,344 $12,018,597 $11,379,0
347,359
4,904,797
4,525,5
1944—Month—1943
revenue
Chgs.
Total
Prov.
Assets—Cash
1,572,552
sales
administrative &
$790,493
2,982
.
$7,073,527
6 Months Ended June 30—
Gross
Gen.
v
$797,427
7,907
investments
earned on
Bucyrus Monighan Co.)
Its Wholly-Owned Subsidiary,
(And
1942
Co.—Earnings—
Central Illinois Light
Gross
Taxes
Wholly-Owned Subsidiary)
1944
1943
operations
on
1,455,0
$4,028,2
26,1'
$370,446
Operating re'venues
Operating expenses
Ltd.—Earnings—
(Including
Interest
$4,227,768
1,839,6
5,076
Period End. June 30—
Year Ended June 30—
Profit
$360,650
(net)
income
Divs.
115.
"After refundable
Bucyrus Erie Co.—Earnings—
Co.—Acquisition Approved—
Interstate Commerce
—V. 160, p.
The
sion
par) and Northern
2630.
Commission has authorized Bush Terminal
RR,
to
acquire,
by lease,
the railroad trackage and other fa¬
cilities of the Bush Terminal Co. in Brooklyn, N. Y.
The properties
involved are located on the eastern side of Upper New York Bay, just
south of Gowanus Bay, and are now used by the Terminal company
in the porfarmance of railroad and floating services.
Estimated value
of the property to be leased, the Commission stated, is $3,907,902.
In approving the lease, the ICC imposed conditions to protect em¬
ployees who may be displaced.
It also required the railroad to desig¬
nate
the 48th Street freight house as a station on its line and to
furnish pickup and delivery service no less favorable to shippers and
receivers than such service previously furnished by Bush Terminal Co.
fund bonds and $12,000,000 of 2a-year
connection with its refinancing program.
sinking
25-year
mortgage
issuance of
the
for
1944: Bunte Brothers common stock ($10
Mills common stock (no par).—V. 159, p.
The
Financing Plan—
petition
amended
an
Commission
Service
Public
filed
has
company
Chicago—Common Stock Delisted—
and
Securities
Bush Terminal
managing
from
due
$260,071;
1,500,000
$321,613
applic.
—V.
Net
1944
agent (April net re¬
ceipts), $11,562; accounts receivable—tenants (less reserve for doubtiul
accounts of $17,662),
$23,261; accrued and unbilled electricity,
$8,268; prepaid and deferred charges, $38,538; land, $1,839,376; build¬
ing (less reserve for depreciation at 3% per annum of $27,573), $2,729,727; furniture and fixtures, $750; total, $4,911,554,
Liabilities—Accounts payable, $8,686; accrued expenses, $4,900; cu¬
mulative income interest accrued at 37o per annum on 20-year income
bonds—from Jan.
1, 1944, $45,955; prepaid rents, $250; 20-year in¬
come
bonds due Dec. 31, 1963 (to be issued), $4,595,500; reserve for
payments under plan of reorganization, $181,686; capital stock (to be
issued), 18,382 shares of $1 par value, $18,382; capital surplus (less
net loss from operations for the four months ended April 30,
1944,
of $26,148), $56,195; total, $4,911,554.—V. 159, p. 106.'
Assets—Cash,
Brothers,
Bunte
7,
125,000
income
income
Net
Corp.—Gets Ap¬
& Eastern Power
Niagara
Buffalo,
Aug.
171,897
125,000
revenues-
oper.
Other
Divs.
Paper
58,431
Taxes, insurance andXeasement expenses
Income interest on/mortgage bonds—3%
Provision
4,202
$105,810
3,480,7
155,412
3,850,830
1,773,405
appropriations
Interest
Exchange Commission July 31 announced the
issuance of orders granting the applications filed by the following pur¬
suant to Section 12 (d) of the Securities Exchange Act of 1934 and
Rule X-12D2-1 b) thereunder, to withdraw the securities specified from
listing and registration
on the Chicago Stock Exchange, the with¬
drawal to become effective at the close of the trading session on
*;
—
5,949,7
282,015
taxes
Gross
27,573
expenses
Operating profit
6,939,559
279,377
taxes
Co.—New Director—
(Edward G.) Budd Mfg.
The
509,786
Manager of both
continue to serve as Production
Brown Corp.—V. 160, p. 5.
will
He
Corp.
Federal
1944—12 Mos.—194.
$1,449,348 $18,291,562 $16,753,3<
594,628
___
Prop, retirement reserve
has been elected Vice-President of Brown Co.
and will continue to be located in New York City.
He formerly was
Assistant to the Vice-President in charge of sales.
Wentworth Brown has been elected a new Vice-President of Brown
Brown
P.
45,955
—
____
Co.—Earnings—
1944—Month—1943
$1,470,954
Operating revenues
Operating expenses
Period End. June 30—
Operating expenses
v
$65,616;
Liabilities—Accounts
Period End. June 30—
Operations since
General Manager of Woods
Schanche,
G.
Herman
$181,531
Total
debenture discount and
(including $63,726 unamortized
total, $6,769,046.
charges
pense),
Carolina Power & Light
Berlin, N. IL—Elects Vice-Presidents—
Brown Co.,
The
Months Ended April 30, 1944
Loss Statement for Four
Profit and
employees, is
Insurance Co. on a
1142.
p.
New York, as trustee for
the final court order.
i
The balance of cash received by this company available for costs
and expenses of the reorganization, as shown by the audited report at
April 30, 1944, was $181,686.
Costs and expenses as approved by the
final court order dated July 25, 1944, amounted to $135,225, leaving a
balance of $46,481 for distribution on the old certificates pursuant to
the plan of reorganization.
However, the sum of $23,483 has been re¬
served pending the final determination of an appeal that may be taken
by one of the parties from such court order approving the costs and
expenses of the reorganization, claiming that the allowance was inade¬
quate.
Accordingly the amount now to be distributed is Vz of 1%
of the principal of the old certificates, as shown in the above schedule.
When such appeal has been finally determined, any balance will be
distributed to or upon the order of the old certificate holders.
Such
sums
will represent payment for past due interest on the old certifi-
the
additional coverage,
this
with
protection previously in force.
which affects about 1,800
insurance,
being underwritten by the Metropolitan Life
cooperative basis whereby the employees contribute fixed amounts
and the employer bears the balance of the entire net cost.—V. 159,
these
but distribution of the new securities
1944,
purposes, on June 14,
and cash had to await
these sums to
company paid
administration
health
additional
The
,
same
and
accident
1944.
The
the
under
1943, and ended April 30,
Dec. 31,
beginning
period
fiscal
first
the
Monday, August 14, 194
FINANCIAL CHRONICLE
THE COMMERCIAL &
620
1944
$6,494,313;
dividends receivable and interest accrued,
The
and
in
$20,202;
banks,
deferred
Trust
Sts.,
Co.
of
Baltimore,
Baltimore,'-Md.,
will
-.
trustee, Baltimore, Calv
until 12 o'clock nocn
Aug. 25, 1944, receive bids for the sale to it of general mortgage
sinking fund gold bonds due May 10, 1956, to an amount suffici
to exhaust the sum of $12,400, at prices not to exceed par and inter
All
cash
Mercantile
Redwood
bonds
later than
p.
2345.
for payment
when interest will cease.—V*. 1
accepted are to be delivered to the trustee
2 p. m.
.
"
on
Aug. 30, 1944,
v/'■
-
'\r ;V\:'?
/olume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4307
160
Central Ohio Light & Power
corporation, should have been
Co.—Earnings—
legal
12 Mos.
'Period Ended June 30—
iperating
1944—3 Mos.—1943
'7
$123,308
672
-—
$614,749
741
$141,269
income
income
the
4,279
-
income
$619,029
44,505
50,658
206,242
$97,435
$73,391
150,
North Western
&
Ry.- -Secondary
Distribu-
the
A group
headed by Bear, Stearns & Co.
4 72%
mortgage
1999,
from
resold
the
convertible
Mutual
Northwestern
privately.
1
Aug. 3 acquired $3,500,000
on
Life
'
■■
series
bonds,
income
Insurance
'.
1
due in
The bonds
A,
mort.
intangibles
ox
of
cost
.
Co.
secured
'
■ •
financing—
21,950
20,000
The
6,962
/./:■
2,983
—
income taxes
'rovision for Fed.
.135,756
ICC
unpaid
Balance
-V.
L.——
159,
.——$75,485
_
$270,069
$50,408
1942
$276,309
$264,438
31,971
25,421
29,343
and
purch.
equalize
$250,888
$235,035
1,891
$282,445
658
amt.
per
share
Stock
Aug.
on
recently declared
Sept. 1 to stockholders of record
10, be not quoted ex-said dividend
this
taken
was
under-collateralized.—V.
to
160,
keep
at
the
close
until Sept.
margin
of
1.
accounts
dividend
the
that
and
business
on
It
1,750
1,085
There
2,249
of
an¬
par
value
Lit
the
parent
Bros,
Co.
has
company
comprise
Aug.
and
1,
entitled
share.
per
l-,car
*o
»iu«;
uij
6-year
$1,000,000
a
1950,
be amortized
to
1946,'in equal amounts of $100,000.
1,
be
s.i!o0,u^o
a
1945,
due Aug.
1,
Co.,
first
to
dividend
a
will
Thereafter,
of
30
entitled to
be
cents
similar
a
and
class A
the
common
further
was
debt
the
reduction,
of:
Class
announced
in
progress
in
$5
by
$6 047,702.
shares,
the
reduction
$10,000,000
of
that
move
its
since
company
of
City
shares,
400,000
par,
debt
latest
taken
notes
of
capitalization
new
of
1.209,540 4/12
this
that
steps
when
1934
the
stock
A
stock of $5 par,
outstanding.
were
form
have
been
p.
called for redemption
$198,520
of
100
interest.
and
Bank
distribution
was
Bankers Securities
the
the common stock
consist
reorganization
After
of
830
of
common
marks' further
becoming
533.
at
for
cents
will
Co.
the
issued
•
30
$2,000,000;
stated
It was
from
due
will
stock
A
result
a
Stores
pay¬
by
addition,
In
notes
new
Bank
after which
of
elimination
company,
To achieve this objective,
participate in any further dividends, share for share.
As
ruled
the preferred stock,
on
that
action
9
$2,000,000.
The
class
share,
stock
•
Exchange
440
2,103
■
per
available
share
York
The
per
held
notes
semi-annually beginning Feb.
Chicago Produce District—$198,520 Bonds Called—
$288,941
sales
shaies
of
not
par
parent
400,000 shares of class A stock $5
for
conversion
of
10-year 6%
Bankers Securities
the
dividend
Aug.
begin-
set apart on
mts.
to
at
period.,
of
ning
able
at
agreements.
New
$15
issue
to
company
avail,
amt.
of
distrib.
for
1941
1943
$314,416
32,542
1944
—
invest, income--
Net
of
$321,483
6 Mos. End. June 30—
Expenses
balance
sale
the
promissory notes in further evidence of the
of certain equipment to be acquired under
of
price
Dividend Ruling—
The
Century Shares Trust—Earnings—
ncome
authorized
28
$366,204
purchase
conditional
1968.
p.
July
on
exceeding
notes
National
to
note
the
unsecured notes to t^e extent of $1,250 00^ to ~ny of'
of approximately that amount due Aug. 1, 1945,
and
new
1946.
1,
Chase
of
reserved
convertible
of
,
Promissory Notes-
appraisal
—
has issued
been
extent
arranged
Feb.
Net income
had
collateral
the
.to
involving
company,
notes
Aug. 4 by Saul Cohn, President.
on
company
stock
this
of
secured
and
indentures
which
second
reduction
debt
Further
•
3815.
p.
tion—
$412,787
.
"Times")—V.
nounced
were
deductions
ncome
(N; Y.
venue.
Stores Co.—Further Reductions in Debt—Issues
City
400,000 Class A Shares—
all
Chicago
$124,049
$141,941
.
the
was
,1.696,851
.
Gross
of
ground
$2,311,600
the action, since it
party to
a
of the stock claimed by the. defendants.
He dismissed
of the. second complaint involving the Maine corporation on
owner
that part
1944
*
$520,636
397,328
$562,856
421,587
——
deductions
revenue
Operating
ither
'r
-
revenues.
perating
:
621
&
Salle
St:,
first
Trust
income gold
mortgage
as
of Aug. 15,
Co.
111.—V.
135, pi
of
$3,500,000
fall
and
notes
year
stock
common
$6,500,000
set
was
was
in
up
the
of new notes with stock of subsidiary companies pledged.
This
gradually been reduced and ail indentures now eliminated.
"This
paves
the way for the directors of this company to give
consideration to the payment of dividends on all of the capital stock
1944, a total
15, 1933,
Payment will be made at the American National
of Chicago, trustee and depositary, 33 North La
Chicago,
lieu
in
in the
has
dated Jan.
bonds
reorganization
of
the company," Mr. Cohn stated."
of
City Stores Company
.
Subsidiaries
4220.
Maison
Blanche
Co.,
New Orleans;
B.
are
Lit
Bros.,
Lowenstein
&
Philadelphia;
Inc.,
Bros.,
Mem¬
phis; Loveman, Joseph & Loeb,
avail, for dis¬
Amount
Cincinnati
$288,515
$286,298
$255,028
284,391
283,520
250,362
$236,365
233,197
$3,523
tribution
$2,778
$4,666
$3,168
■eserved for div. payable
Balance of amt. avail.
distribution
for
Note—The
ains
losses
or
on
does
statement
above
realized
include
not
or
unrealized
investments.
>
Balance Sheet, June 30, 1944
ounts
cash in bank, $250,215; accrued
accrued interest receivable, $658; acreceivable for investments sold, $17,639; account receivable for
hares
sold,
$16,348,440;
Assets—Investments.
ividends
$144,328;
receivable,
total, $16,770,559.
$9,279;
payable for shares purchased. $18,623; accrued
xpenses, $3,081; accrued Federal capital stock tax, $1,313; reserve for
ividend payable July 31. 1944, $284,991; capital accounts (represented
y 662.770 shares of $1 par), $16,459,028;
amount available for disribution. $3,523; total, $16,770,559.—V. 160, p. 220.
Liabilities—Account
Registration Statement—
Central Soya Co., Inc.—Files
of the three largest soybean
rocessors
in the
United States, has filed a registration
statement
ith the SEC covering an issue of $2,250,000 sinking fund debentures,
laturing Aug. 1, 1959.
The interest rate on the debentures is to be
upplied by amendment.
A sinking fund to retire the entire issue by
aturity is provided.
The proceeds are to be applied to the redempion of the company's first mortgage bonds, due 1952, outstanding in
e
amount of $1,400,000, with the remainder of the proceeds added
Wayne,
Ft.
of
Company,
Ind.,
one
prospectus, consolidated net sales
mounted
to
$13,842,618 for the fiscal year ended Sept. 30. 1941;
27,733,080 for the fiscal year ended Sept. 30. 1942; $44,949,652 for
be fiscal year ended Sept. 30. 1943; $38,010,368 for the nine months
nded June
30.
1944.
Consolidated net profit before provision for
axes on income during each of these periods was $370,852, $1,392,998,
Certain-teed Products Corp.
—
of
Listing of Additional
!ommon Stock—
The
17, 1944,
cumulative prior
1,000,000 shares.
offer of exchange pur-
pursuant to an offer of exchange dated July
the company to the holders of such 67*
stock, making the total amount applied for
by
reference
On
for
exchange
in
reference stock,
lade
Exchange has authorized the listing of not to
of common stock (par $1) on official notice of
outstanding shares of 6% cumulative prior
shaies
374,660
suance
Stock
York
New
cceed
17, 1244, the directors authorized an
the 374,660 shares of common stock have been
July
Offered
Co.—Bonds
headed by Lehman Brothers
group
—
A
of
the
G,
Series
bonds,
Bonds—Dated
Aug.
1,
York, .Trustee.
New
guaranteed
cipal.
and
interest
Baltimore
fund
sinking
Ohio
&
Louisville
Nashville
&
&
endorsement
Cincinnati,
Ry.,
Norfolk
RR.,
&
Western
and
Ry.
deposit receipts will be issued to depositing
stockholders
The deposit of any shares pursuant
by the helder of the deposit
?ceipt at any time up to 3 p.m. (EWT), on Aug. 21, 1944, by notice
i
writing to the depositary.—V, 160, p. 532.
y
Bankers Trust Co, depositary.
3
the
offer
exchange may be revoked
of
July
on
Feb.
on
The
nd
certificates
for
invitations
bids
to
sent
were
87
fcquired to name the rate of dividends, in
competitive bidding
firms, the bidders being
some
multiple of Vs of 1%
In response, five bids,
best bid, 100.0875% of
ar and
accrued dividends, based on a rate of 1%% per annum, was
lade by Halsey Stuart & Co., Inc.
On this basis the average annual
ost of the proceeds to the applicant will be approximately 1.73%.—
er
to
annum,
epresenting
160,
.
P.
parties,
certificates.
received.
The
the
by
borne
be
32
were
324.
against Frederick H.
case
ordered
court
suit
against
the
The
actions
were
accused
:
r
each
brought
sums
and
and Mr. Prince.
If
redeemed
on
or
before
at
1949,
1,
Aug.
Aug,
accrued
1,
1969,
interest
and
to
prior
the
date
to
maturity,
of
at
in
100%,
redemption.
issue and
Commission.
Listing—Company
has stated that
application
will be
for the
made
listing of the bonds on .the New York Stock Exchange.—V. 160, p. 428.
on
Service
Power
Hartigan
Judge
Union
&
Prince
the aetion against the Chicago Junction
Co.. .which was liquidated in 1940, and
dismissed
Light
&
Co.—Sale of Traction
SEC
The
Aug. 3 issued
cn
ground
....
that ?tha;.Chicago Stockyards Co.,
...
.
..
_
.
l
■■
.
;v :
■
-w
-j:.
i-'jjivj.
J *
;
V.*ir >»:•?.;
Maine
t2,218,000
$844,592
$981,054
104,722
$978,671
J
44,815
44,815
44,904
66.416
356,424
356,424
356,424
356,424
237,616
237,616
237,616
$5.32
pari
$3.93
$3.37
share
of
factory
237.616
,
$3.85
normal
in
and
including
$346,046 }n 1942
expense,
excess
banks
in
(less
for
and
payable,
Government
U. S.
and
accounts payable
current
$5,000,000;
taxes, etc., accrued, $477,427; reserve for Federal
profits taxes and renegotiation of war contracts
excess
S.
U.
June 30, 1944
$5,969,221;
prepaid insurance and taxes, $27,193; total, $28,577,635.
$2,698,177;
payroll.
Sheet,
hand,
on
lAfter post-war
1943.
assets, $1,243,383; land, buildings, machinery, etc.
depreciation and special amortization of $8,582,374),
other
Liabilities—Notes
income
and
in
accounts receivable (net), $5,076,215; inventories,
$4,500,000;
reserve
profits taxes.
and $320,000
1944
tax notes
Treasury
of
$6,208,818;
$8,267,650),
for
reserve
adjustments and war contingencies, $1,275,000; 5%
cumu¬
stock (par $100), $1,902,700; common stock (249,838
shares, no par), $4,996,760; capital surplus, $417,115; earned surplus,
$5,897,464;
capital
stock
purchased
for
and
held
in
treasuiy,
Dr$295,825; total, $28,577,635.—V. 159. p. 1860.
post-war
lative
preferred
(subsidiary),
Cities
6%.
Service
demand
of
$1,231,588
Co. to City Light & Traction Co. of two
Light & Traction Co. which are payable to
& Light
of Citv
»•
Operating'^ revenues
Operating
in
the
respective principal
amounts
$26,000.
was
formerly
West's
a
holdings
subsidiary of The Middle West
of
common
stock
Corp.,
constituting approximately 31%
shares of that company, to R. J. Green
of
of
Missouri
the
Maintenance,,
Taxes, other than
the
cause
of City Light.
It proposes, however, immediately to acquire
properties and assets of City Light, assume its HabiMties and
to be liquidated.
Thus there will be no appreciable period
time
during
which
a
parent-subsidiary relationship will exist.
Further Simplification of System
for
Approp.
Provision
for
operating
Net
-V.
p.
.
$7,534,217
51,993
$7,480,061
1,414,441
$7,586,210
$6,065,620
.........
$6,164,611
1,421,599
I*. 2516.
159,
Infringed—
brand name was adjudged an infringe¬
"Coca-Cola" at Detroit on Aug. 8 by a decree
of
the U.
S. District Court for the Eastern District of Michigan,
Southern Division.
The order of Judge Arthur F. Lederie overruled
defenses of Alex Belinsky trading as Igloo Syrup Co., which was held
Kola"
"Polo
as
beverage
a
the trade-mark
of
ment
unfair competition.
perpetually enjoined the use of "Polo Kola or any other
imitation"
of "Coca-Cola" and
further enjoined the de¬
fendant from giving its merchandise "a color imitating or resembling
the color of the plaintiff's product"
unless the alternative product
"reaches the ultimate consumer in a distinctive package" and under a
name
"not confusingly similar to
.
.
.
'Coca-Cola' or any part
of
guilty
court
colorable
thereof."
requires the destruction of any materials
and cancellation of State and Federal
ruling
Kola"
"Polo
name
that
title,—V. 159,
bearing the
registrations
2517.
p.
Coca-Cola International Corp.—§5.60
Dividend—
declared a dividend of $5.60 per share on
the outstanding common stock, no par value, payable Oct. 2 to holders
of record Sept. 16'.
A like amount was disbursed on July 1, last, as
The
directors
with
compared
were
159.
on
Aug.
$5.55
5
April
on
1.
P.
1860.
Colonial Stores, Inc.—July
Period End. July 29—
Sales———
—V.
160,
In 1943 the following payments
each, and Dec. 15, $13.20.
April 1, July 1 and Oct. 1, $5.55
made:
p.
Sales Higher-
1944—4 Wks.—1943
1944—30 Wks.—1943
144,799
$6,442,828 $55,002,969 $49,887,376
T
—
221.
,
Colonial Utilities Corp.—Changes in
At
the
(1) The
of
by the holders of more than
regard to the following items:
$1
(4)
The
per
.
.
re-election of Mord M. Bogie and Charles J. Gregory as
the second class to hoM office until the afinual meeting
be held in 1947.
the stockholders to
(3)
Capital Approved
July 11 favorable
74% of the outstanding
of
$915,261.■?•••
.
annual meeting of the stockholders held on
action was taken
of
Light Co.—V. 159,
4,502,193
$7,324,404
155,657
revenues
Coca-Cola Co.—Trade-Mark Held
directors
1860.
1,371,000
4,618,181
income
Net
1,772,000
2,023,000
income
Gross
2,956,000
1,935,000
—__
revenues
Deductions
(2) The
solved—See Cities Service Power &
tax__,
3,964,480
2,904,000
post-war adjustmentsdepreciation
Non-operating
stock with
City Light & Traction Co.—New Control—To Be Dis¬
income
Federal
2,002,726
4,047,590
for
Approved—See Em¬
pire District Electric Co.—V. 160, p. 533.
2,659,698
—,——
Fed. excess profits tax
outstanding
it
-
income tax
Prov.
for
1943
1944
*—
,
$46,465,255 $39,287,979
15,185,363
20,953,182
.___rr-,Tr__
Provision
Corp.
Public
of Kansas City. Mo.,
■
expenses
—V.
Tight Co.
approved by the Commission June 26, 1940,
Upon acquisition of
common
stock
of City
Light,
Public Service will become the
parent
all
and
Service
Middle
of
Service
the
Power
notes
pitvo-
r-itipc
(& Sub.)—Earns.
Cleveland Electric Illuminating Co,
12 Months Ended June 30—
•
reduction
..
of
% •'
change of
share.
,
the capital of the company in the
amount of
.
the present no par value stock to the par
The elimination
of article
value
11th of the Certificate of Incorpora¬
i.:
• i V
-;vJ'Is?i
-.=£•-
C
a
t6,352,000
{
stock
$387,000
$4,077,688;
order permitting the sale of all of the
an
stock of City Light & Traction Co.
consisting of 10.000 shares ($100 par) to Missouri Public Service Corp.
for a
base consideration
of $1,257,000 in cash and a donation by
Stockvards
the
on
j f3,330,000
f
'
stk.
stk.
Federal
in
$7,683,936",
of
outstanding common
The transactions complained of date back 30 years
and involved an amount estimated to be about $30,000,000.
ailwnvs
(no
Assets—Cash
The
Cities
of
transactions and sought the restitution
the b^'is of the plaintiffs' former interests
$3,199,054
$1,309,547
pfd.
com.
securities,
The
guaranty of the above bonds and their sale
the several purchasers are subject to the approval of the Interstate
two years ago by minority stockholders,
the companies of misrepresentation to
stock
$7,196,592
Consolidated Balance
commencing Feb.
year,
companies.
more
it.
.
Chicago Stockyards Co.
their
undetermined
the
dismissed Aug. 5 by Federal District
dismissed
Prince
Mr.
in
ockholders
t
after
with
Issuance—The
common
at Providence, R. I.
also, as it pertained to the corporation,
Hartigan
John P.
The
ho
of
redeemed
if
redeemed
if
was
Prince and the Chicago Junction Rail-
& Union Stockyards Co. was
ays
udge
follows:
as
Public
Yards Co.—
Junction Rys. & Union Stock
rince Defeats Stockholders' Suit—
suit
1
Aug.
thereafter and on or before Aug. 1, 1954, at
102%; if redeemed thereafter and on or before Aug. 1. 1959. at 101J/2% ;
if redeemed thereafter and
on
or
before Aug. 1, 1964, at 101%; if
redeemed thereafter and on or before Aug. 1, 1969, at 100%%; and
Sale
A
and
1
102'/a %;
-
Chicago
568
$4,413,392'
prices_J
deduction
credit of
(less
,
the Commission says, in part;
were
offered for sale through
The report of
20,659
exc.|1
com.,
per
increase
Penn¬
Stock—
quipment.
31,336
depreciation
of
$288,214 in 1944. $286,484 in 1943,
and $336,220 in
1941.
("Includes $1,270,000 in 1942 and $352,000 in 1941 for estimated
Sinking Fund—The supplemental indenture will provide for the pay¬
ment of the following sums as .and for a sinking fund semi-annually
authorized
19
116,994
250,604
100%.
at
Commerce
the company to assume obligation
nd liability in respect of not exceeding $2,500,000 l3/4%
serial equiplent trust certificates to be issued by the Continental Illinois National
tank & Trust Co. of Chicago, as trustee, and sold at 100.0875 and
;ccrued dividends in
connection with the procurement of certain
ICC
The
of
"After
Redemption—The Series G bonds will be redeemable in whole or in
than 60 days' published
notice,
as
provided in the mortgage on any interest payment date
at the
following prices (expressed in
percentages of the principal
amount)
and accrued interest to date of redemption:
If redeemed on
or
before Aug.
J., 1949, at 105%; if redeemed thereafter and on or
before Aug. 1, 1954, at 104%; if redeemed thereafter and on or before
Aug. 1. 1959. at 103%; if redeemed thereafter and on or before Aug.
1, 1964, at 102%; if redeemed thereafter and on or before Aug. 1,
1969, at 101"%; if redeemed after Aug. 1, 1969, and prior to maturity,
to
ificates—
587,851
215,397
297,081
$8,003,547
*■.
on
on
outstdg.
part at the option of the company on not less
Ohio Railway- -Equipment Trust Cer-
&
827,829
175,974
300,418
I 16,694,000
profit
paid
Earnings
sylvania RR.
each
Chesapeake
850,565
170,817
2and
contr.
war
paid
New
amount)
exchange.
Transferable
915,595
renegotiation |
severally, by
jointly and
Ohio
$3,904,466
facil.
tax
for
Shares
prin¬
to
as
f
duced
normal
Net
Cleveland, Cincinnati, Chicago & St. Louis
Orleans & Texas Pacific Ry.,
Ry.,
payments,
Chesapeake
RR.,
by
$8,511,081
from oper.—
Divs.
1944: due Aug. 1, 1974.
Guaranty Trust Co.
Interest payable Feb. 1 and Aug. 1.
Guaranty—Unconditionally
49.246
$5,768,349
paid
of
2 6/10%!
mortgage
3%% bonds, due 1969; $2,800,000 first
due 1971, and $3,500,000 of common stock.
1941
$3,855,220
74,434
70,064
Interest
Divs.
mortgage
1942
$8,436,647
118,879
$9,460,441
emerg.
Fed.
Corp.)
168,239
sell. expense-
N4t inc.
Tool
1943
$5,649,470
1944
allowed
Special
completion of this financing, the capitaliza¬
in addition to the $24,000,000 first mortgage
due Aug. 1, 1974, will be $11,718,000 of first
company,
bonds,
&
Discount
and associates, 99.567.
accordingly.
r
Holders of prior preference stock accepting the offer, to the extent
f such shares so exchanged, will relinquish their rights in respect of
11
unpaid
dividends liccumulated
on
their prior preference stock
amounting, as ox Juttei 30, 1944, to $43.50, per share) to the date
which
to
Admin.
101.08.
Four other syndicate bids were submitted. Dick & Merle-Smith and
associates named a price of 100.80; Halsey, Stuart & Co., Inc., and
associates, 100.799; the First Boston Corp. group, 100.569, and Morgan
Capitalization—Upon
Clark-Celfor
$9,292,203
income
income
profits
1, 1945, and
ending Feb. 1, 1974: (a) $120,000 plus (b) an additional amount equal
to the semi-annual instalment of interest on
the aggregate principal
amount of the bonds previously acquired by the sinking -fund.
This
will result in- annual sinking fund payments for the Series G bonds
of $240,000,
plus interest as indicated.
Assuming acquisition of all
bonds for the sinking fund at sinking fund redemption prices, it is
estimated that
a
minimum of $10,357,000 of bonds will be retired
through sinking fund operations by maturity, indicating an average
life for the issue of approximately 24V%
years.
To the extent that
bonds may be acquired at prices below sinking fund redemption prices,
the amount of bonds retired will be correspondingly increased and the
average life correspondingly reduced.
Payments may be made in cash
or bonds or partly in cash and partly in bonds,
with bonds taken at the
cost price to the company but not in excess of the then sinking fund
redemption price.
These payments are to be applied by the sinking
fund trustee to the purchase of Series G bonds if obtainable at or
below t>e sinking fund redemption price then in effect,
and if not
so obtainable,
to the redemption by lot at the then applicable sinking
fund
redemption price
(expressed in percentages of the principal
offered
)
the holders of the company's 6% cumulative prior preference stock
the basis of
20 shares of common stock for each share of 6%>
umulative prior preference stock.
The offer of exchange will become
fective upon acceptance thereof by such of the holders of the 6%
umulative prior preference stock as elect to accept the offer, and will
pire at 3 p.m. (EWT), on Aug. 21, 1944.
If more than 18,733 shares
f 6%
cumulative prior preference stock are deposited for exchange,
le 374,660 shares of common stock which
are available will be apporoned among the depositors of 6% cumulative prior preference stock in
ccordance with
the number of feaid shares deposited by each, proided, however, that such apportionment will be to the nearest l/20th
a
share of prior preference stock deposited.
If less than 18,733
bares of 6%
cumulative prior preference stock are surrendered for
xchange, the number of shaies of common stock to be issued will be
uant
Total
The issue was awarded a price of
tion
,
Miscellaneous income
Prov.
23/4%
p.
(Including
May 1, 1971.
Stanley & Co.
159,
6 Mos. End. June 30—
"Operating
outstanding first mortgage 3V2% bonds, due
of presently
Louisville.—V.
Clark Equipment Co.—Earnings—
on
demption on Nov. 1, 1944, at 106%, of a similar amount
preliminary
4,310,623. and $2,564,602, respectively.
The public offering of the debentures is to be made by a group
ivestment bankers headed by Glore, Forgan & Co.—V. 157, p. 439.
Terminal
Aug. 9 of¬
fered $24,000,000 first mortgage 2%% bonds, series G,
due Aug. 1, 1974, at 101.85%.
The underwriting group
of more than 45 members includes, in addition to Leh¬
man Brothers, the following:
A. G. Becker & Co., Inc.;
Blair & Co., Inc.; Eastman, Dillon & Co.; Glore, Forgan
& Co.; Hallgarten & Co.; Lee Higginson Corp.; Spencer
Trask & Co., and Union Securities Corp.
Net proceeds
from the sale of bonds will be applied toward the re¬
large
of
working capital.
According to
the
Union
Inc.,
Birmingham, and Kaufman-Straus Co.,
2412.
v
..7.
.
7.
;
■/;;
x
t
te
i
i.
.1 -1"." V
""v-i-:.bI
.'V 'C
' !- '*
/'4.
M•'f'
tion,
meeting.
V
.
amounting to 171.500,000 kwh., compared with 202,100,000 kwh.
corresponding week of 1943, a decrease of 15.1%.
Local dis¬
of electricity amounted to 160,800,000 kwh., compared with
191,200.000 kwh. for the corresponding week of last year, a decrease
of 15.9%.—V. 160, p. 533.
tribution
of the present stock from no par value to the
par value of
$1 per share, the unissued stock certificates of this
company have had a legend Imprinted thereon.
It is not necessary
that stockholders obtain a new stock certificate bearing the legend,
view of
In
the change
registered mail, to Registrar and
Exchange Place, Jersey City, N. J.,
certificate bearing such legend will be promptly for¬
Transfer
whereupon a new
warded
them.
to
,,
„
.
Negotiations are proceeding for the acquisition by Allied New Hamp¬
shire Gas Co. of the properties of Portsmouth Gas Co. and the pro
rata distribution to
the stockholders of Colonial Utilities Co. of the
*
capital stock of Vermont Utilities, Inc., as a
dation.
Stockholders will be notified when
dividend in partial liqui¬
and if such transactions
consummated, said E. M. Sampson, Secretary, on Aug. 2.
(See
160, p. 6;—V. 160, p. 116.
are
V.
Period End. June 30—
present certificate, by
Co., transfer agent, 15
their
ing
Consolidated Gas Electric Light & Power
by forward¬
obtain such a certificate
but, if they so desire, they may
the
for
'•
,
,
Electric
Operating expenses
Depreciation "
Taxes
Other
directors
The
declared a cash dividend of 40 cents per
and class B stock of $2.50 par value, pay¬
2
Aug.
on
the present class A
on
13. Like amounts were dis¬
bursed on
Distributions in 1943 were as
follows:
March 5, June 4 and Sept. 3, 30 cents each; and Dec. 3, a
year-end of 90 cents.—V. 159, p.' 1969.
able
1 to holders of record Aug.
March 3 and June 2, last.
Sept.
natural
gas
the SEC.
lias informed
•
.
consent to geo¬
graphic integration.
As a result the SEC is expected to reconvene
its hearing shortly under Section
11 (B) (1) of the Public Utility
Holding Company Act.
The Commission on May 2 instituted both
integration and corporate simplification proceedings but the latter will
is
This
-i.:'
deferred.
be
former refusal to
of Columbia's
reversal
a
:■
*l
.
...
,
,
,
,
„
„
regard to disposition of New York and
Seaboard properties, which will be considered-later.
.
The company had previously objected to the Commission entering
an
order directing it to dispose of its electric properties and said it
would agree to this step only if it was taken in conjunction with
reclassification of present preferred and common into one new class
of common stock.
electric properties by
its
-
1943, and 19.771 cents on
as
of companies,
other electric utilities, for the week ended July 29,
Electricity output of the Commonwealth Edison group
showed
3.7%
a
increase
of the
the kilowatthour output totals
and percentage comparisons with last year:
lowing
are
5
1943
190,280,000
186,966,000
185.662,000
187,279,000
—_
__
July 29
—
July 22
„
L—,
*
i
-
....
-
July 15
—V.
weeks
; ;
% Inc. '
four
past
1944
181,953,000
180,367,000
178,991,000
180,526,000
1 „
Week Ended—
Aug.
-
160, p. 428.
Fol¬
corresponding period of 1943.
the
over
'
•
.
^
The
of
4.6
3.7
3.7
3.7
in
week
with 240,971,001 for the corresponding
increase of 6,774,698, or 2.81%.—V. 160, p. 533.
compared
1943, an
" 7
*
«■
•
-
^
Net
*
Net
surplus,
'
V. '
476,878
O
1942
_
stks.
contingencies™—120,000
profs, taxes
1,195,141
v.:,
Period End. June 30—
income
;
$1,065,197
$4,511,689
513,913
2,238,291
$3,983,456
1,956,638
62,346
296,674
209,570
Operation
Maintenance
Prov.
for
&
Post-war
State
Net
from
$192,432
taxes
Divs.
for
184,273
190,938
82,515
63,931
int.,
■
$658,432
$194,328
$953,719
$825,386
68.000
68,540
273,440
$7,845,411
$6,479,478
$6,042,882
412,000
412,000
disct.
&
disct.
Sundry
int.
2,025
10,616
in
$5,416,613
$6,067,478
$1.45 *■
$1.65
$7,433,411
surplus
share-.*..;
per
—
$1.57
is of June'30, J944
paid public
3.905
4,216
18,106
16,499
$182,450
Bal.,
_L_™_1__
income
begin,
period...
of
$119,548
$651,558
$522,656
774,353
552,259
580,167
424.072
,
Total
Divs,
income
$956,803
$671,807
$1,231,724
$946,728
91,640
91,640
366,562
366,562
stock.
capital
on
Bal..
end
159,
period..
of
$865,163
'
2077.
p.
'
$580,167
$865,163
$580,167
1,
Nov.
Holders
of
first
and
7%
refunding
bonds,
series
A,
due
to
purchase
of
premium
close
of
$250
business
bonds have
fected
the said
bonds
until
$1,000
per
on
Aug.
accepted.
bond
and
holders
7,
at principal
22
accrued
of
—V.
V
w :Y
•
p.
As
at
the
amount
Industries,
—
j
-
3 Months Ended Jure 30—
1944
profit
Federal
'
excess
and
and
General
administrative
debts charged
off
expenses
Net
.
-
.
Ended
:
and
29,141,127
Earnings
taxes
Estimated
post-war
for
Provision
Federal
of
taxes
earned
to
Purchased
Operating
mulative
Balance
end
at
'After
deducting
$133,200 for
Cash
period
and
For
the
taxes
months of
was
nicnths
ended
$465,230,
1943.—V.
B
160,
Inc.
(& Subs.)—
?.-v-:
1943
1942
advances
Inventories
June
bonds
of
taxes
and
loan
and
company en
(electricity
1,591,208
151,857
10,647
at
profits taxes
_.s_J
4—-a-
licenses
Goodwill
10,326
164,010
/
80,283
316,2',
78,770
191.0:'
*$26,634
$177,5i
Public
Crescent
inc. &
of
profits
excess
company
'..•/■ '
.
"Loss.—V.
$13,017
to consol. surplus—
159.
p.
_1
:_
;
221,730
.122,265
164,132
56,973
59,347
233,756
200,056
27.093,456
1970.
Crosley Corp. (& Subs.)—Earnings—
(net)
_____
2,654,135
$4.86
2,556.288
$4.68
profit———
fEarnings per share——
charges,
paid
The
company's
of the
plants
various
The
earned surplus
on
1944, w«>s renorted A
surplus of $6,504,609 at tl
June 30.
corporation in Cincinnati and Richmon
Ind., are now engaged exclusively in the production
receiver-transmitters, gun-turrets for bombing p'anes,
air
equipment for
landing
blind
Crosley car.
The company's
broadcasting
renegotiation
is
refund
now
1944, by
and other
planes
$1,150,737
payroll
Accrued
deductions
for
war
.
noted that
&
sundry
379,945
O.
Dividends
months.
This
history.
President, reDorts approximately $7,650,000
be delivered within the next six or sev
largest backlog of orders in the company;
Jr.,
Cross,
orders
scheduled to
"
is
the
'
Crown Cork International Corp.—Earnings—
681,346
$189,630
$157,183
1944, net profit
with $389,479 for
after charges
the first six
debt
preferred
on
209,313
stock
domestic
installments
falling
due
1943
dollars
$164,923
$114,964
$194,01;
——
3,110
______
Dr" 19,9^
—
Miscellaneous
cumul.
Common
inc.
&
exc.
profs,
$168,033
$114,964
$174.1"'
income
26,575
17,840
—'___
20.f\j
19,0(
16,764
34,71
15,175,000
15,520,000
40,756
Earned
surplus
ex.p.,
less
misc.
excess
24.150,000
1,000,000
2,965,537
class A
remittance of profits
Totai
$51,941,663 $54,315,758
p.
1758.
$97,124
38,324
*
40.1^
reported in previous year
arj
against investment account.
the indeterminable effect
the war, the company has not consolidated the financial statemen
of its subsidiaries located in foreign countries.
599.141
3,093,932
$124,694
95,811
stk
on
be
credited
Note—Since
1,000,000
599,141
;
therefore
to
Dec.
31,
1939,
Consolidated
because of
Balance
Sheet, June 30, 1944
"
bank*, $404 811; U. S. Govt, sen;
interest, $603,291; advances to Crown Co:
Inc., $80,000; sundry amounts receivable, $4,26'
Assets—Demand deposits in U. S.
—'V. 159,
;
—.—
income
declared
"Deemed
133,375
24,150,000
par).
(1,075,429 shares, no par)
surplus
Net
Divs.
40.756
'143,405
,
($100
-
oth.
&
Federal and State taxes
309,434
reserve—
stock
Balance
Sal.
5.623,429
298,241
semi-annually, 1945 to 1956—
pfd.
1942,
profits tax—
Fed. inc. tax and surtax, and other
\
687,000
4.448,124
taxes.—
deposits—
reserves
stock
real, in U. S.
prof.
within
682,500
Fed.
guaranty
Notes maturing
Fire insurance
8%
subsidiary)
1944
income
'Federal
483,000
537,715
year
for
&
Other
526,078
payable on common stock.
442,602
116.
.
•.?*
(The) Cross Co., Detroit—Has Record Backlog—
Milton
344,806
564,690
taxes
payable
SO.44
"substantially all profit
the manufacturing division and a portk,
division profits resulted from war contracts subject
and the amount which the comoeny may be required
undeterminable."—V. 159, p. 2193.
unfilled
$1,W,174
215,191
estate
Dividends
$0.53
aerial gunsight
products.
1
J
bond
interest
liab.
of military rod
war
manufactures home radio receivers, *ele<
electrical household appliances and tl
current report
to June 30,
realized
of
Divs.
real
one
to stockholders durir
paid them in ti
1944, the same amount as had been
first half of
the
6,831,405
•
purchases, withholding & social secur. taxes.
Salesmen's
798.6.
$1.
381.081
$0.70
including Federal income and excess profi
taxes (taxes amounted to $6,322,582 in 1944 and $6,434,019 in 1943
all
"After
$51,941,663 $54,315,758
_—
Employees'
1941,
1942
$49,088,606 $42,013,188 $12,023,063 $12,868.9.
sales
"Net
1943
1944
6 Mos. End. June 30—
Net
27.477,095
6,831,405
^__™
1.0J
10
—______
'-v
Bal. transfer,
.
30.
70,217
84,000
of
(Including wholly-owned
Total
9,2(
$685.86
Co.
for Fed.
taxes
148,145
293,451
_
:
equipment
1,631
$132,419
subsidiaries.—
of
deducts,
charges
Service
6,722,776
213,506
197,371
cost
excess
102.937
Aug. 9 announced that System output of electricity
and purchased)
for the week ended Aug.
6,
generated
3,013.352
6,309,197
4_____________
$941,466
Consolidated Edison Co. of New York, Inc.—Output—
The
$7,510,823
employees
expense
1,520
$167,244
;
income
Gross
peacetime, The Crosley Corp.
trie
refrigerators and /other
63,581
& mortgages
insurance
Paid-in
'
for
3,616,168
Cr
Sundry deferred charges.—:
Plant
$2,534,791
1944 and
1,192,519
_________—
refund
Deferred
to
187, Qt.
$676,6f
966,000
receivable
accounts
and
259,16
41,508
$8,587,009 as compared with an earned
end of the first six months in 1943.
$39,090
receivable
accounts
Sundry
3,8r
67,084
$130,788
$3,500,792
$5,756,865
series
tax
141,341
shares.
compared
p.
of
hand.
on
Notes,
671
16,960
tOn 545,800 shares of capital stock.
Dividends amounting to $272,900 were
™—
Consolidated Balance Sheet
$773,573
$0.78
combined class A and
six
■
July 1, '44 Dec, 25, '43
Treasury
Funded
share.
"On
find
credit
1,143,4(
first six months of 1943.
$3,093,932
r
retirement
146.6C
266,293
$165,723
subsidiaries—
of
$1,688,811
1,811,980
1943.
banks
in
S.
Trade
taxes
inc.
688.9^
33,336
State
&
966,000
$272,630
per
:
cu¬
Assets—
,
261,0
$4,059,932
_
share on 8%
per
debt
65,142
$1,094,394
2,965,537
of year
493,087
profit
•Earnings
887,881
$1,688,811
stock)
of
inc.
Other income
'
548
profits
surplus
preferred
186,1
63,296
882
65,305
retire.-
Operating income
«
Est.
Net
excess
income
than
Fed.
for
$3,552.9f
39,555
—
for renew., replace. &
12 Mos., '
46,015
expenses
—______—
Maintenance
Prov.
-1943
$807,753
163,378
$4,317,193
843,100
surplus
surplus at begin,
1944 than was set
$834,729
162,543
32,374
281,630
gas
260,898
320,000
Dividends (at rate of $4
up a reserve for all Feder:
income, and an unexpended adve
setting
net
1944—3 Mps.
power
Purchased
5,602
$1,414,394
earned
of
revenues
Prov.
1,510,195
Cr31,140
years.
transferred
Bal.
Bal.
prior
$0.E
after
are
55%
of
rate
Operating
Income
510,460
Crl5,865
tax
period
Estimated additional Federal and
$317,12
$0.49
Crescent Public Service Co. (& Subs.)—Earnings—
429,821
•
3,297
tax
income
1944
for
the
at
Fixed
263,119
credit-
Federal
Net income for
profits
excess
$298,008
$0.14
Period End. June 30—
<
147,796
_
—
for
$87,193
$0.16
tising reserve of approximately $36,000 more in
at the same time in 1943.—V. 159, p. 1970.
788,427
1,576,908
$3,018,506
income
'■Provision
$98,985
equal, to
"$1.46 per share in 1943.
$4,169,397
plant & equip, disposed of dur'g per'd.
on
Interest
v
1944—6 Mos.—1943
1944—3 Mos.—1943
share. - -.
per
907,
Liabilities—
Argentine income and
(estimated)
Corp.—Earnings—
for the 12 months ended June 30, 1944, was $1,011.
$1.68 per share, as compared with $874,611, equal f
8,866,854
$2,856,854
™
income
Total
Loss
;
stock, par $
chgs.
taxes
Earnings
/*"
161,652
profit
146,730
profits tax
Co., New York, has been appointed transf*
26 Weeks
34,322,775
9,988,608
700,773
1,579,409
419,649
1,484
Cost of delivery & selling exps. other than adv.
Depreciation
I
$912,437
Depreciation
7.
p.
$49,869,555 $44,978,139
_™
™—_
—
Advertising
Accrued
Net
premiums,
6 Mos. Ended June 30—
429.
cash on deposit an
total, $128,777,294.
accrued, $297,342;
all other assets, $198,169;
Cream of Wheat
of
of the $3,426,000 bonds af¬
1944
,
Net profit after all
July 1,'44 June 26,'43
*
Accounts payable
Chemical
Earnings—.
160,
face
on
30,
June
interest
$6,658,151;
160, p. 324.
Prov.
Ended
sold—
goods
Prepaid
1951,
July 20
amount, plus a
interest.
$2,176,000
of
This represents 63%
by the purchase offer.—V.
Consolidated
Aug.
in
■<-
Sheet,
Covered Wagon Co.—Transfer Agent—
(& Subs.)—Earnings—
sales
Net
Cost
1,999,98
$118,058,453; real estate, $165,780; agent
total, $128,777,294.—V. 160,
taxes
Post-war
have taken favorably to the proposal made by the company
1,999,989
1944,
27 Weeks
Unexpired
Co.—Retiring Bonds—
1,999,992
1,999,992
stocks,
$3,399,400;
Depletion
Taxes, other
Continental Baking Co.
Sundry stocks,
'
Connecticut Light & Power
declared
The Manufacturers Trust
473,411.—V. 158, p. 981.
Loans
—V.
21,36
$81,917,837 $57,168,448 $65,678,08
The net profit
$100,000; accounts pay¬
able, $287,340; property taxes, $290,659; income, excess profits, and
capital stock taxes (less U. S. Treasury tax savings notes of $1,500,000), $1,048,263; payrolls, interest, and other accruals, $331,632; first
mortgage bonds 3l/4% series—due May 1, 1962, $1,300,000; first mort¬
gage bonds 3(4%
series—due serially Nov. 1, 1945, to Nov. 1, 1961,
$1,700,000; deferred credits-royalties, $15,000; reserves for contingen¬
cies, $1,084,410; reserve for compensation insurance, $77,545; contri¬
butions in aid of construction, $1,488; capital stock ($25 par), $10,000,000; earned surplus, $7,433,411; capital surplus, $803,662; total, $24,maturing
Liabilities—Bonds
U.
.*
71,316,42
30,456
$26,235,331; losses in process c
adjustment, $7,328,007; reserve for taxes and expenses, $2,287,09(
reserve for dividends, $2,000,000; reserve for all other claims, $127.67";
voluntary reserve, $1,000,000; capital, $5,000,000; net surplus, $84,799
'
(less reserve
investments
reserve for
depreciation of $10,994,746), $11,150,922; land and riparian rights, $4,359,043; timberlands (less depletion), $1,046,815;
patents- (cost less
amortization), $86,757; deferred charges, $337,726; total, $24,473,411.
.
Net
t3,277,074
94,656
(net)
tDecrease.
office,
173,069
Assets—Cash, $1,215,694; notes and accounts receivable
for losses of $15,173), $1,567,911; inventories, $3,711,033;
and other assets,
$997,511; plants and equipment (less
10,777
(net)
14,546,758
of
stks.
surplus, June 30. $88,280,097 $79,917,846 $55,168,457 $63,678,09
balances,
bonds
on
exp.
&
expense
$2,213,65
64,715,37
Cr44,ll.
64,253,665
453,200
Condensed Consolidated Balance Sheet
275,453
debt
debt
Url6,591
$90,230,089
"Loss.
5,416,219
paid, plus State tax—
Total earned
2,007
of
£>rl37,924
(net)
of
dividend
Net
$626,663
5,821,047
redeemed
■••'."
$256,363
funded
on
$2,000,32
$1,250,784
59,148,902
Crl5,379
1,880,667
$581,953
balance
—
Unamort.
$641,112
__
etc.
-
$762,782
etc.,
operations
avail,
Amort,
$111,813
269,366
Cr26,937
taxes...™
merch.,
miscell.
Int.
3,424
271,966
273,578
155,648
Crl5,565
™_™
after
Bal.
892
67,806
59,025
88,556
Cr8,856
profits tax
prof tax_
taxes
Net
1,050
63,932
240,802
260,791
Cr26,079
3,568
271,543
64,500
tax
exc.
income
Other
425,509
422,544
109,318
110,260
.
income
Excess
Fed.
*
re-
placements
Federal
79,145 •'•••
________
renew.
$2,189,319
$3,039,349
agent for an authorized issue of 60,000 shares of common
Other
1944—12 Mos.—1943
1944—3 Mcs.—1943
$1,178,728
__
308,120
76,345
value
bonds
sales
bonds
Cash
189;
______
"7,263,459
-
surplus
Total
-
587,710
revenues
and
on
Assets—Bonds and
$2,549,504
38,414
3,761
1,423,325
Prov. for inc. & exc.
Net
$2,303,62
303,30
$1,911,718
-
Total
.
$2,943,548
394,044
$2,138,744
55,250
1,738
$1,949,086
50,375
1,617
profit from operations
on long term debt
Earned
$2,317,084
127,765
7,827,770
reserves
in market
Inc.
(& Subs.)—
$2,547,824
409,079
$2,425,964
Interest
for
$213,32,
$2,219,838
$2,328,715
80,185,183
31___
Dec.
in special
Incr.
and
1943
1944
Bond expense
Prov.
5,432,944
*$938,535
350,436
Liabilities—Unearned
Net
5,591,54
6,064,525
$1,127,631
■
$2,006,112
investment inc.__
Balance
.
Gross
'.
Expenses
'
#
profit & other income <net)_
for deprec. & depletion
Prov.
Bad
Community Public Service Co.—Earnings—
5
$322,603
Inv.—Int., divs. and rents $2,356,548
Sales—
;
served
as
5,944,891
Underwriting profit-.
;.
'
\.
•
.
corporation
247,745,C99
$4.10
1944—7 Mos.—1943
$1,100,947 $11,173,008 $10,468,730
6 Months Ended June 30—
."
kilowatt hour output of electric energy of subsidiaries
adjusted to show general business conditions of
for
the
week ended Aug. 3,
1944, amounted to
weekly
this
$6,061,580
$6,623,193
$4.58
•
,
1
Period—
■territory
Losses
Expenses
earned— $12,966,321
Balance
Output—
Commonwealth & Southern Corp.—Weekly
4.125.452
3,130,565
Consolidated Water Power & Paper Co.
Mfg.
1,721,23
$13,479,754 $13,051,183 $11,422,53
6,698,828
6,287,598
8,556,774
5,617,66
1944—Month—1943
Earnings—
Earned
Commonwealth Edison Co.—Weekly Output—
excluding sales to
'
807,818
606,503
2,294,794
,
221.
p.
"■
unearned
Premiums
$9,753,758 $10,187,031
$1,340,999
$0,87
$1,624,811
$1.12
_
$1,192,475
160,
i
r,V
'
Earnings
against 17.219 cents on Aug. 16,
Feb. 15, 1943.—V. 159, p. 636.
share was made,
per
792,145
638,958
Consolidated Retail Stores, Inc.—July
'
in
premium reserve
Period End. June 30—
presentation on or after Aug. 15 of the coupons then payable
appertaining to the certificates for Trust Shares (of Standard Oil
Group) issued under the agreement and declaration of trust dated
March 25, 1929, at the Fidelity-Philadelphia Trust Co., trustee, Phila¬
delphia, Pa., 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 16.686 cents per Trust Share due as a semi-annual distri¬
bution
of said Trust Shares.
On Feb.; 15, last, a distribution of
cents
f
634,152
624,937
Period End. July 31—
Upon
,25.221
Increase
>,
Profit
—V.
1941
$15,261,115 $14,086,257 $13,859,001 $13,143,76
written
•
share
per
1942
Underwriting—premiums
,
<Phila.)—Distribution—
Combined Trust Shares
,
itself
whether the company proposes to divest
sale or distribution.—V. 160, p. 533.
indicated
not
is
It
of
174,816
160, p. 116.
made in
statement was
No
$9,394,886
,
income
Net
Earns,
Others—
divest itself of its holdings in Dayton
Gas & Electric Co., and Cincinnati,
Covington Ry. Co. if it will be permitted to keep its
system in ihe Ohio, Pittsburgh and Charleston areas, it
&
Newport
$9,114,800
of prem.
bonds, etc.
—V.
,
corporation is willing to
& Light Co., Cincinnati
The
$1,800,336
$2,249,747- $1,975,152
Income
amort,
&
9
Power
9,295,589
—
1943
1944
4,889,990
$2,079,949
Sales
Corp.—Agrees To Sell Three
Columbia Gas & Electric
Units If It Can Keep
5,804,164
" 7,001,596
income
Gross
Int.
1,342,949
2,198,446
——
Operating income
on
share
1,538,045
2,407,734
169,798
i
•6 Mos, End. June 30—
•'
$13,123,426 $12,433,889 $53,104,067 $49,733,928
7,097,698
7,092,158 31,183,507 26,153,463
revenues
oper.
Co.—Earns.
1944—12 Mos.—1943
1944—3 Mos.—1943
,
Inc.—40c. Dividend—
Columbia Broadcasting System,
Continental Insurance Co.—Earnings
1944,
full in the notice of said
amended, which was set forth in
as
annual
Monday, August 14, 194
FINANCIAL CHRONICLE
THE COMMERCIAL &
622
ities
&
at
Seal
cost
and
Company,
accrued
Volume 160
investments
ment,
against investments in subsidiaries in Spain,
(less reserve
-
in
provided
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4307
f
Dejay Stores, Inc.—Sales Show Gain of 32%—/
of $150,000), $2,653,083; office furniture and equip¬
1936
fiscal
payablesto .subsidiaries
Liabilities—Accounts
July
in
foreign
countries,*
$73,507; reserves
$1
^proximately^; 32-%.
number'of
participating class A stocK
noncumulative class B stock
$1
1944—Month—1943
Period End. July 31-
221.
160, p.
—
ending July 31,
the same
over
in
were
.
J.
•
H.
duced
outstanding
the
in
hands
company's
of
in
Under
' -
1943;';
the
i
was
•
Operating
the
1943
1,102,218
637,442
198,812
480,273
500,000
' —:
taxes—
income
Wisconsin
Net- operating
•*
331,747
:—
paid
45,007
_—;
*
the
plan
Fed.
Prov.
' "y
V.
$977,628
$1.48
$1,154,896
$1.75
156,545
207,729
84,430
62,020
Net
oper.
her
Gross
1,330,727
729,714-
851,862
$171,244
$174,559
$1,847,720
$2,385,320
865
revenues—
476
9,071
2,911
$172,109
48,823
.
charges
-
$175,035
48,427
$1,856,791
561,675
$2,388,231,
886,366
$1,295,116
5,893
earned
V.
to
i
$126,608
period—
$129,179
$1,569,662
507,386
5
!'
$1,501,865
507,386
160, p. 7.
4,709
known
which
of
as
excise
an
to
go
Service
Public
tax,
the Federal
Commission
of doing business.
the
nor
part
a
the city
the Commission's decision,
of
reason
take the money,
$10,000,000 each, unless
some
The
:■>
» II
■ i.r •;
160,
*
i
491,000
!__________
$564,566
after
inc.
&
Power
Light
Power &
Light
to sell to Derby all of the
of Danbury and Bethel, to wit:
proposes
owns
of common' stock
entitled
promissory
of
(either
Danbury
as
dividend
a
ad¬
an
1944, up to and includ¬
the purchase price) from Feb. 29,
■-* ;
on
as
or
closing date;
dividends
the preferred stock
on
is
price
to
up
and including
of
out
prior
arising
surplus
to
Net
;
.
shares.—V.
common
•
$2.18
$1.89
$2.23
202,666
tOn
..i
w %••!;
160,
-C:/•
connection
15, 1944, with the Chase National Bank, New •
the
with
purchase
acquisition
and
by
$28,949,142 $24,277,580 $14,686,416
Light
of
are
,
United States,
the
of all of Derby'.s presently outstanding
additional $1,450,000 of such deben¬
owner
collateral trust debentures,
an
series due 1954" at 100%
tures, to be known as the "3%
isspe
will
shares
common
in cash.
of principal
accrued interest.
Derby
sell
and
to
number of its no par
with not exceeding $1,000,000
additional
an
Derby
provide
3,538,547
—3,067,435
x-
Fed.
normal
Est.
Fed.
excess
Provision
Net
Shares
inc.
surtaxes
&
profit after all taxes__.
of capital stock outstanding
2,998,705
<'161,542
(<'2,402,750
j
205,517
$635,481
297,113
post-war
'
12,582,829 (
t2,226,437
j
profits tax
adjustments
for
Earnings
<'45%
share___'_____
.per
267,209
with
and
normal
to
respect
surtaxes
$434,413
297,113
$1.46
$688,509
297,113
$2.14 ;
$2.32
/
and 90%
respect
with
to excess profits taxes.
tAfter post-war credit of $227,511 in 1944 and
$267,209 in 1943 and after deducting post-war credit of excess profits
tax
of
for
$227,511
1944.—V.
159,
2392.
p.
Dunhill International, Inc.—Officers of Subs.—
Arnold
•
Ogden has been elected Chairman of the Board of Alfred
Inc., and Mary Dunhill, Inc., subsidiaries, it was
L.
of
London,
announced
and
Maj
elected President; Sydney.
Stephen A. Ogden (on
and Eric Dunston Vice-Presidents;,
Treasurer.—V. 159, p. 2195.
States Army)
United
Bonwit-
B.
was
Vice-President;
Executive
with the
Walter
Arthur Mainzer
1.
Aug.
cn
Ballinger,
leave
as
Report—Willard H. Dow,.
Dow Chemical Co.—Annual
President, states in part:
dollar
The
from
Derby
the aforesaid securities of Danbury, the following
proposed:
(a) Derby will issue and sell to the Equitable Life Insurance Society
&
1942
1943
194*
sales
Profits
J.
in
York.'
(fa)
taxes.
Doehler Die Casting Co.—Earnings—
the
revenue.
payable
agreement dated March
3%
'
$2.50
profits
,
$888,183
,:'$8281902
'
cash on the closing date, which
is specified to be on or before Sept. 1, 1944.
o The net proceeds from the sale of said securities will be applied by
Power & Light to the prepayment of its bank loan notes in accordance
with
the terms thereof,
as
required by Power & Light's custodian
purchase
value
wnership Contemplated—
payable
$10,000
of
29, 1944, to eover unbilled
of the
$899,564
.
'
Dunhill
dividend
A
In
.
6 Months Ended June 30—
All accrued and unpaid interest on the notes and all accumulated
The
r
$952,977 '•
.
on
sales
of
vfelue
the fiscal
for
year
1944 was the; largest
amounted to $120,426,952, repre¬
with the previous fiscal year.
The
consolidated net
company
and its subsidiaries
amounted to $8,573,503, representing a 4% increase over the previous
year.
Taxes amounted to $16,583,000.
After deducting dividends on i
the
preferred stock of . $658,136,
the consolidated net income was
equivalent to $6.34 per share on 1,248,706 shares of common stock
at the end of the year.
This compares with $6.35 per share for the
year ended May 31,
1943.
With the payment of $4,404,254 as divi¬
dends on the preferred and common stock there remained $4,169,249
for general company operations.
'
in
the
the
of
history
senting
and
company
14%$ Increase,
as compared
income of the
a
,
See
Derby
Electric Corp.—V.
Gas &
153, p. 98.
(c)
ties
time of the acquisition by Derby of the aforesaid securi-,
Danbury, Derby will sell to the aforesaid insurance company
At the
of
debentures referred to in subdivision (a) above,
$850,000 of the new 3%
Deep Rock Oil Corp.—Earnings—
and
ales
ther
charges
for
rov.
'•
Gross
—
________
profit
nterest
;:Prov.
511,371
640,668
——.
depreciation a.;d depletion'—..
'
#
debentures
on
——
and
Federal
for
State
205,400
191,000
taxes
income
.
$1,045,317' $1,186,913
109,132
139,505
—
employ
ing $400,000
from
received
be
the
to
employ
said $400,000
~et
„„J
income
income
*'1944
—
share—
per
taxes
income
$842,008
——
—
estimated
are
$745,185
$1.86
$2.10
six-month period in
the
for
ac¬
income tax laws.
1943
reported in a revised
representing a ratio of income allocation of the aggregate
taxes disclosed by income tax returns submitted for that year,
interpretations
cordance ."with
amount
ncome
effective
of
six-month
the
for
taxes
income
period
are
stock
dividends
(d >
-
at
As
June
liabilities
This
with
net
a
Assets
or
a
assets
were
working
net
1943.
Bank
Loan-—Retires
Debentures
arranged through First National Bank
& Trust Co. of ,Tulsa, Tulsa, Okla., fcr a bank loan of $3,000,000. and
:alied its entire outstanding $3,538,425 12-year 6% sinking fund deben¬
tures i being the balance of an original issue of $5,500,000 due Jan. 1,
19521, for payment on July 15, 1944. The redemption of the debentures
required the use of approximately $330,000 of funds from the com¬
pany's treasury, over and above the amount of the bank loan and
the amount previously deposited as a sinking fund.
The $3,000,000
bank loan now constitutes the entire indebtedness of the company,
other
than
current bills
and other than approximately $21,0000 r.f
During
May,
obligations
of
1944,
company
and
present
former
the hands of the
ten years, with
rate of 3 % per
in interest payments. -
in
resulting
V, 159, p. 2517.
*
,
a
Derby
certain
of
of
$27.50
per
share
accumulated
plus
stock.
with
the acquisition
make
to
proposes
of the
aforesaid securities of
contribution
capital
a
Danbury
to
substantial reduction
'
1944, Derby will-sell to the insurance company $600,-
1,
the
over
to
3%
new
debentures
Danbury
in
referred
to
consideration
in
and
issuance
the
of
above
(ai
pay
and
such
sale
by
Danbury to Derby of 24,000 shares of Danbury's common stock of the
together with
certain of its own funds to redeem at the next redemption date all
of the outstanding $600,000 25-year 6% mortgage gold bonds, series A,
due Aug. 1, 1948, at the redemption price of 101%% of the principal
amount thereof plus accrued interest.—V. 159, p. 108.
value of $25
share.
per
Danbury
will
use
$600,000
Derby Oil & Refining Co.—Redemption Agent—
$4
cumulative
for
redemption
The
called
accrued
convertible
as
of
preferred
Nov.
15
at
which
stock
$60
per
Subs.)—Earnings—
-
was
Period End. June 30—
revenues—
oper.
4,415,184
& gas
1,588,326
expenses
Purchased
power
Maintenance
1944—6 Mos—1943
$6,225,637
—
Operating
244,607
—
1944—12 Mos.—1943
$5,683,192 812,219,356 $11,291,104
1,143,770
2,695,813
2,355,866
1,416,030
3,096,141
2,692,290
208,197
452,694
412,806
Prov. for deprec., renew.
:
578,052
replacements
".and
Federal
Fed.
income
exc.
taxes—
1,161,439
444,722
948,587
taxes—
122,267
local
taxes—
171,417
$1,010,916
6,474
income
Other
$1,017,390
Inccmc
[ 351,631
121,441
172,296
626,381
Federal
&
1,104.104
939,734
profits, net of
post-war credits taxes
Other
State
541,912
468,487
>
303,308
deductions
$1,283,193
Dr2,710
thereon amounting to $19.50
prolonged
dispute
between
a
minority
Of
499,500 shares outstanding, 477,785 shares were represented.
date of the meeting had been set by Federal Judge Arthur J.
$1,280,483
642,727
ruled- void both the stockholders' meeting of April 18,
without election of a board directors, and an ad¬
Tuttle. -.who
which
adjourned
journed meeting of the minority group.—V. 159, p. 1655.
An
for
order
a
the
609,260
248,486
242,010
uniform
336,080
$2,238,781
$2,610,968
835,229
1.231,023
The
Detroit
to
company
basis"
Service
cut its gross, revenue $10,450,000 and
issued on Aug. 4 by the
distribution, in the form
company,
must be made "on a
ordinarily
to
the
for
to
the
the
a
long
public
Federal
fight
the
in
money
Government
which the City of
that the company
in
'
effort.
war
excess
profits
taxes.
-
-
received
Other
company—
companies^.
the construc¬
83,208,320
-
for
depreciation
Provision
for
amort,
506,229
3,722,973
facilities—
5,814,088
of emergency
disposal of property.
on
—
275,644
819,559
—
charges—
Minority interests in income of sub. cos
—
174,675
83,148
ingome
Normal
Excess
5,387,679
7,530,696
and administrative expenses
and exp. on debentures
Selling
and
tax
profits
.credit for
for
earned
Total
refund
surplus
on
—
5%
reports on finances by Sept. 15 and it said efforts would be made to
adjustments on a voluntary basis.
It was pointed out that
Dividends
on
$4
3,542,154
14,706,279
8,573,503
at beginning of year—
-
8,225,301
28,991,490
24,812,307
37,564,993
33,037,603
3,746,118
300,009
3,746,118
dividends
Dividends
stock—
pfd. stock, series A——
cumulative
cum.
}
90,976
153,623
and
year—
surplus
283,791
3,927,729
post-war
(less
retirement)
the
Balance
4,426,085
.
10,130,635
surtax-
tax
debt
preferred
174,984
433,152
obtain
Net
-V.
income
159.
p.
-
$714,082
2301.
$637,756
$1,403,552
$1,379,945
unless the
benefit
adjustments are made before Dec. 31 rate payers would not
the excess profits wculd go into taxes.
and
Balance
Earnings
at
per
end
of
common
year
share
(
68,228,637
4,118,785
sales
of
1,877,805
124,656,781 108,767,498
income
Provision
2,680,009
491,087
and other
sales
120,426,952 105,427,855
900,000
800,000
158,732
155,610
connection with
in
Operation of government owned pits.
income
Total
Cpst
associated
from
associated
from
received
tion and
1943
$
$
Sales
Interest
/
'
v"
Common
ordered
Years Ended May 31
Income,
1944.
"
all other major utilities in Michigan to file
The Commission
Consolidated
of
Statement
Income
ended
order
pay
The
Dec.- 31.
obtain
would
the
of
customers
before
Commission's
acted
Commission.
_
company's war operations,
stands at 200,000,000 pounds
a
year, which represents one-third of the productive capacity of the
nation,
In providing magnesium for the war effort, the company
has been responsible for and has led in most of the important new
developments in the use of magnesium as a structural metal.
As
a
result of an
investigation the Truman Committee issued a
special report on magnesium which not only cleared the company of
'charges of membership in a foreign cartel, of limiting production and
of manipulating prices or otherwise engaging in monopolistic practices,
but also recognized and commended it for the high service rendered
largest tonnage items of the
As one of the
Dow-operated magnesium capacity today
Other
plan of distribution by Sept. 15 was
234,865
$2,598,954
12,014
.,
Int. and amort, of disct.
Detroit Edison Co.—Refund Ordered—
1,052,848
10,298
carried
been
Loss
'to file
the
has
the company itself.
It is a credit to
organization that every commitment made by the company
through to completion.^
$50,000,000 was provided by
entire
Fees
stockholders'
group and the management, Frank C. Gee and Ernest S. Dowd, both
of Cleveland, Ohio, on July 31 were elected directors to represent the '
a
supplies for the
projects
per
Detroit & Cleveland Navigation Co.—New Directorsculminating
Michigan Public
of
a
refund to
$2,228,483
.f/'
company has
various branches
the
emergency,
Since 1940 the company has carried out some 58
involving magnesium, styrene for synthetic rubber,
high octane gasoline and basic chemicals required for the manulacture
of
munitions,
at a
cost of $200,000,000,
of which some
wartime
Dividends
the
Expansion
present
the
conduct of the war.
to
share, will
be redeemed at the Guaranty Trust Co., 140 Broadway, New York, N. Y.
—V. 160, p. 429.
unpaid dividends
all-
an
recently
The
Total
Wartime
of
beginning
the
Since
plus the then
share,
minority group, replacing Oliver S. Dustin and Ernest H. Fletcher.
Delaware Power & Light Co. (&
operations reached
all
Magnesium
On Oct.
of
funds
par
for
cooperated to the fullest extent of its ability with the
of the Services and of the Government in providing
Light.
subsidiaries in
public. The bank loan will extend over a period of
prepayment privileges, and will draw interest at the
annum,
such
on
with
by surrrendering the two demand promissory notes in the aggregate
principal amount of $379,000 which Derby will acquire from Power &
000
$9,067,864 and current
capital of $7,045,523,
working capital of $6,743,407 as of Dec, 31,
current
$2,021,341,
were
compares
1944,
30,
Current
"j'
if
price
redemption
Concurrently
Danbury,
(e)
,r-i '
the
at
together
at the earliest practicable date all
shares of 7% cumulative preferred
Danbury's own funds to redeem
Danbury's outstanding 16,000
of
Net
.
employees
of
of 16,410 as compared with 16,340 for 1943.
Wages paid
out for the period amounted to $41,400,000 for the 12,300 employees
of Dow Chemical Co. and its subsidiaries.
peak
paid
Danbury
cause
,
the
year
number
total
The
time
agreement of Danbury to issue to Derby on Oct. 1, 1944, 16,000 shares
of Danbury's common stock of the par value of $25 per share.
Derby
will
.
previously outstanding 60,000 shares of 5%
preferred stock were retired and 303,869 shares of new cumulative $4
preferred.stock, series A, were issued.
the
-During
proposed
received at such time from the aforesaid insurance
by Derby to Danbury in consideration for the
to be
will
cpmpany
funds,
$350,000 of -such
be
to
000,000
$9,754,781
7,631,261
339,819
596,783
$10,417,157
8,219,802
and other inc. credits
revs,
oper.
of sales and operating expenses—
st
together with approximately $1,-.
issuance and sale of addi¬
tional shares of its common stock, to consummate the purchase of
the aforesaid securities of Danbury from Power & Light; the remain¬
and
1943
1944
Six Months Ended June 30—
.
(par $25);
notes,
receive
to
income
net
unpaid
Feb.
'
1941
1942
1943
1944
stock
excess
324.
cumulative preferred stock (par $25);
demand
6%
All
(b)
.■;;;
:
and*
int.
share
per
common
p.
plan
24,000 shares
ing the
' ;
■,
.
Fed. in-come taxes_"___
$569,555'
and
Service
also
1944—12 Mos.—1943
$6,230,417
$4,972,957
1944—Month—1943
$537,426
$449,376
-
12 Mos. End. June 30—
tEarns.
175 shares of 7%
and
222.
p.
Dixie Cup Co.—Earnings—
$1,060,555
494,900
inc.-
on
160,
$17,413,814 $16,965,092
Corp.—July Sales Increased 19.5%—
3L—»
j!
—v.
$1,975,303
those of the A. S. Beck chain of shoe stores.
'
Period End. July
,
1944—7 Mos.—1943
1944—Month—1943
$2,146,648
222.
p.
•Diana Stores
'
..
$1,059,466
„
taxes
Shoe Corp.—July Sales Rose 8.7%—
100,000
72,888.
A
,
429.
.
justment
New
Bethel Gas & Electric Light Co.
&
of Detroit to capture
the Detroit Edison Co.
One
tax
a
(85V2%
invalid.
-..-A*
—V.
$1,160,555
$1,132,353
;
■—
amount plus
Danbury
activity
Commission must have assumed
We do not know what the courts will do with it.'*
$1,155,847
..$1,125,733
6,621
.....
T
-
State
Two
Power
corp.
surplus
applic. to pfd. stks. for the
following
war
authorities.
taxing
Michigan
expense
The above sales include
>."y;
and
payable to Power & Light,
respectively Dec. 31, 1937, and Jan. 27, 1938, in the respective
principal amounts of $367,000 and $12,000.
The purchase price for the securities is '$1,450,000.
Power & Light
—
$126,608
$123,286
carried
Bal.
'J"
..
1971.
p.
transactions
ividends
*
i,
(c)
$1,501,865
274,546
—
surp. res,
from
•
.•.
,
closing date; and
528,744
by
invalid.
p.
Est.
ia)
453,367
75,366
income—
Net
x\
160,
Diamond
'
,
,
taxes .on inc.
.
_
Securities
(c)
income—,
'ransfer
r
(b)
reserve
income
nterest
-
and
securities which
$8,420,135
3,122,512
1,258,946
950,760
75,561
stands
ratepayers both
city tax is declared
was
to
the City
from
by
due
city can get this Federal money
of the funds we desire to retain
the post-war period of adjustment.
over
now
an
Edison
from
Sales
$3,199,225
1,518,371
337,213
345,465
210,602 IB,
179,542
Exchange Commission held a hearing Aug. 8
to
purchase Cities Service
Power
& Light
Company's interest in Danbury & Bethel (Conn.) Gas & Electric Light
Co. for a base price of $1,450,000 and its plan to finance the acquisi¬
1944—12 Mos.—1943
$8,697,898
3,658,361
——.
retirem't
'appropriation
'
—
'
corporation's
on
is
$784,531
264,857
epreciation
rop.
it
as
ratepayers
the
.
local
by
taxes
the
Period End. July 31—
tion.
Co.—Earnings-
$799,665
311,885
revenues
expenses
taxes—
taxes
ther
[
1943
$3,445,062
1,771,514
Refund.; bonds.....
>■>'
:
income
Cities
1944—Month—1943
Period End. June 30—
peratlng
•ederal
from
dated
Dallas Power & Light
perating
2
Unit—
4,948,305
share-
common
us
,:,After
2078.
p.
"As
.
$6,103,201
profit for the period
159,
carry
the
the
taking
and the
160, p. 429.
1'.
income
159,
(a)
Net
arnings per
to
Derby Gas & Electric Corp.- -Purchase of Cities Service
(less post¬
taxes
credit)
war
"Neither
made
profits
made
corporations
our
other
Heretofore
allowed these taxes
without
the
Board,
case.
the
to
been
the
of
rate
of
profits
reduction,
to .take these
Government).
'
3,264,550
profits
exc.
have
excess
rate
designed
under
Edison
temptation
attempts
a
Chairman
the
earnings
a
so-called
by
Net
$4,224,178
——_
&
"Two
\ -
prohibited
was
long been
is
\
;
'
income "
for Fed.
Net
$6,075,035
28,166>
80,684
(miscellaneous)
inc.
company
Brown.
these
117.
p.
1944
income.:
on1; geh^;: and
.
—V.
139,795
$4,143,493
operations
income
Total
160,
$25,000,000
i
„•
.
t
The
Est.
/
_
—
r
$9,461,552
1,011,841
648,483
179,793
374,858
700,000
209,367
i
—
M.
regarding
temporary
Sales
$7,316,413
-
administrative expenses
U
Provision for depreciation and amortization—.
Social security and unemployment taxes—
Provision lor post-war adjusts. & other conting.
and
income
than
expenses
Depreciation
10 the
1944
operations
expenses
Other
came
Corp. (& Sub.)—Earnings—
revenue—
Operating
Gross
from
have
the same
primarily
when
less
to
i
of
terms
Denver Tramway
'/t
6 Months Ended June 30—
profit
year,
increase
6 Months Ended June 30-1-
Int.
Net
"The
—V.
Inc.—^Earnings—
Cutler-Hammer,
Interest
gain of
a
the tax
Total
Estimated
showed
adjustment. A
total of approximately
extended under the plan which became
debt
Other income——
from
l^st
The
public,
the
of
plan
by 29 firms; 500 was the largest trade,
smallest.—V. 159, p. 1758.
profit
1944,
.
The of¬
chases
General
its
-Nuelle, President, on Aug. 2 announced the company had re¬
its- first and refunding mortgage bonds, due May
1,
1963;
;
Taxes, other than Fed. and State
Gross
period
operation.
fering, made by Smith, Barney & Co., was completed
in the elapsed time of 25 minutes.
There were 49 pur¬
Selling
of
quarter
paying dividends- on its capital stock until bonds in the hands of the
A special
share with a commission of 90 cents.
per
second
Delaware & Hudson RR. Corp.—Debt Reduction—
-
•
$8,589,117
offering of 5,000 shares of prior preferred stock (no par)
was made on the New York Stock Exchange Aug. 3 at
$52%
the
for
public were less than $25,000,000.—V.
$9,395,362
;
Publishing Co.—Special Offering
Curtis
sales
'■
effective
1944—10 Mos.—1943
$877,637
$929,506
Sales
—V.
stores
months
$47,000,000 of these bonds
Co.—July Sales Increased 5.91%—
Crown Drug
that
apparel departments, :the announcement said.—V.
?-'•
*\y''1:'*•'
1
""
'■
•
-■ .'
"
(191,623 no par shares),
(200,000 shares, no par);
$1,014,850; paid-in surplus, $259,303; discount on class A stock retired,
$45,498;
earned surplus, as annexed,
$367,382; total, $3,745,451.—
V. 159, p. 2517.
;
cumulative
$1,217,060;
the three
year,
from
1944, $47,905; reserve for Federal and state taxes,
for contingencies and post-war adjustments, $650,000;
1,
reports
.
$51,295; other acounts payable" and sundry accruals, $18,651; dividend,
payable
Prentiss
.
statement
The ""corporation
total, $3",745,451[ •*'r\
$1;
-
623
33,160,739
28,991,4°0
$6.34
$6.35
THE COMMERCIAL & FINANCIAL CHRONICLE
624
1943
securities™
accounts receivable—
and
'•■Notes
Billed
U.
of
sale
the
oi
stock
capital
and
receivable
Notes
companies
Prov,
6,791,244
plan
3,538,000
2,243,000
1,645,820
Reserves
1,563,646
profits tax——-
excess
securities (less reserves).———tPlant properties and equipment-..70,82b,yu4
SHousine properties —-—'
JHousing properties
Sundry
Common
75,041,878
charges
Deferred
Total
payrolls
Accrued taxes—social
Accrued
stock,
State
Accrued
liabilities.—
debentures
sundry
2J/4%
Ten-year
debentures
Serial
electrolytic
power
expenses
153,786
Maintenance'
7,500,000
•
Capital
surplus
Interest
on
Interest
on
28,991,490
139,616,329 119,008,314
$280,110 in 1944 and
of
1943.—V;
of
$64,403
159, p. 2079.
' •»
in
and
1944
$56,943
in
of
returns,
Total
$
$
$
.
Operating
,
Prov.
12,133,649
8,226,540
10,970,718
9,734,701
obsolescence
&
Fed.
for
taxes
23,891,365
Int.
and
—V.
J
32,015,000.
..
31,590,000
> •
-
of
lieu
Divs.
Gen.
from
Corp.
Inc. from
invest, in
trolled
9,204,366
9,644,874
19,095,710
5,000,000
15,000,000
10,000,000
68,684
279,194
4,495
18,305
5,500
23,450
22,826
7,000
8,150
36,300
109,710
208,069
159,
$13,627
Prov.
109,710
-
817,172
837,602
1,483,690
8,525,241
5,947,332
16,691,759
186
920,000
776,000
1,735,000
1,349,000
(net)..
7,605,241
5,171,312
14,956,759
16,809,607
14,816,186
1,899,957
34,052,469
portion)
Net
for
2,077
1,899,957
Bal.
3,799,913
shs.
"Du
stk.
14,909,650
12.916,229
30,252,556
11,108,495
11,109,697
$1.34
$1.16
$2.72
sh.
per
Statement of Consolidated
income, six months
Adjustment resulting from
in
vestment
General
U.
from
taxes
S.
revaluation
Motors
of
Corp
Government
the
for
.....
in
which
mon
29,555,500
"15,500,000 "15,500,000
1,189,768
...
at
is
3,799,913
3,799,913
______________
June
Pont
stock
March.
_____
dividends
du
27,774,126
22,225,708
30
;
with
practice
a
company's
carried
investment
adjusted
was
in
on
since
General
the
books
Motors
of
the
Dec.
added
and Dec.
1942,
31,
surplus
from
added
was
revaluing
to
surplus
1943,
to
in
Canadian
a
31,
1925
Corp.
com¬
company
respectively.
The
net
amount
so
inclusive, is $189,378,242.
Also,
prior years $4,364,113 as a result of
Operating
6%
preferred
preferred
carried
"other
in
Taxes
securities
and
in¬
j
Acse,s—
cJune 30, '44
u,
(incl.
U,
S.
Govt,
439,792)
notes
receiv.,
"General
Motors
Corp.
common
credit
with
respect
tax
owned,
at
Plants
and
Deferred
Total
stock__
to
46,685,923
45,131,499
83,32o)o«0
13,119,029
582,139
Steel
1,108,729
$2,121,578
stock
stock
231,500X00
*19,271,575
companies
not
properties,
at aporoximate cost.
trade-marks,
_
_
___"
etc
15,182,475
wholly
investments
incl.
subs.,
dividends
voted
to
$921,902
V
change
the
1.—V.
160, p.
name
deducts,
as
above:-
49,999
sources
and
160,
for
6,686,471
502,892
457.582
154,495
1,864,893
stock™.
common
"
■
» '
-t
,«
.
$180,553
$2,390,699
$2,351,356
25,521
26,368
305,096
457,437
$206,921
$2,695,795
63,255
63,255
759,100
757,850
$136,743
$143,666
$1,936,695
$2,050,943
36,185
accruals
-
$2,808,793
amort
40,662
489,157
217
22,146
Net
$102,788
$1,425,393
$1,551,985
77 652
__
t:
{->
t,
;
____
income
of
capital
..
from
divs,
receipts
stock
&
invests.
Deficit"
from
allocated
week
on
Aug. 6.
"Gains
sale
25,738,082
25 786 896
481,058,767
474,34l',642
40,016,891
40,035,810
1,772,302
4,105,942
1,135,282,714 1,115,452,968
;•
•
*1943
1942
$5,472
$5,235
1,118
1X02
$4,354
$4,233
-
of
162
55
$6)236
$4,516
$4,288
2,314
61
*1,316
1,347
—$8,611
$5,840
3,621
$5,635
5,312
$3,298
34,483
$2,219
27,075
$2,157
$24,856
$14,595
.
Income,
exclusive
of
securities____
income
,
^___
8
losses
and
$31,184
j.
_____
sales
on
sold,
3,478
Power
&
Power
Power
of
16,751
of
of
cost
identification-^ nossible, which
re¬
earliest.purchases to the first sales.
cost
June 30, 1944
(aggregate
quoted
market
value,
cash in bank, demand deposits, $17,699; interest
receivable. $29; dividends receivable, $1,344; total, $324,160.
$354,824),
$305,088;
Liabilities—Accounts
stock
($5
payable and accrued expenses. $713;
capital
$58,800; paid-in surplus, $295,831; deficit, $31,184;
par),
total, $324,160—V.
159, p. 2364.
(The) Equitable Life Assurance Society of the United
&
Aug.
3,
Ebasco
1944,
the
Services
System
Inc.,
which
inputs
are
of
client
subsidiaries
Light Co., Electric Power & Light Corp. and
Co., as compared with thev corresponding
as
follows
(in
thousands
of
kwh.):
1944
Amount
Pet.
7,365
4.0
814
0 8
279
0.3
&
&
any
companies
Edison Bros. Stores,
Period End. July 31—
Sales
payments totaling $3,275,000 have been made by the society
the families of 1.321 policyholders in the Armed Forces who have
to
killed
1944—Month—1943
$3,469,185
$2,549,204
1944—7 Mos.—1943
$25,418,425 $23,377,990
222.
Share
Co.—New Director—
Stephen Heard, Vice-President of the State Street Investment
Corp.,
and a partner of the State Street
Research & Managemnt Co., has
been elected a director to succeed E. P.
Summerson, formerly Secretary,
who recently retired because of ill
health.—V. 160, p. 534.
action
Plans
on
war
families
of
of
crews
25
for
July
died
or
June
July
on
30,
The
as
service
in
1944,
to
have
1859,
I.
other
been
the
cancelled
its
85th
founding
in
Pearl
President,
marked
commemorate
from
causes,
Parkinson,
Equitable Society
ceremonies
26,
from
Thomas
of
deference
an¬
anni¬
The
to
the
to
the
program.
addition,
a
266
of
total
civilians
merchant
ships
$1,067,000
in
killed
as
a
sunk
at
sea.
benefits
result
of
has
the
This
been
principally the
war,
brings
paid
the
total
benefits
paid out by The Equitable as a result of "war deaths" to $4,342,000.
which represents 2.2%
of the tocal death claims paid out during the
war
period.
• ■ ,
•
,
payments to policyholders and their beneficiaries since the
of The Equitable amount to $5,326,700,000.
These pay¬
with funds now held for future benefit payments,
organization
ments,
together
exceed the
aggregate of premiums paid by policyholders
founding of The Equitable by more than $1,000,000,000.
The
of
assets
The
Equitable
as
of
June
30
reached
a
since
the
high
new
of
$3,335,835,000.
"For
period
proved
the
first
of
was
total
the
the
year
size of
average
the
new
higher than the average for the corresponding
Parkinson
condition
decline
this
of
of
16%
stated.
the
"Further
the
reflecting
American
average
during
six
past
the
family,
months
of policy surrenders dropped
nearly 30%."
Equitable's aggregate life insurance in force has
12
Total
the
Mr.
of
im¬
policy
and
the
amount
$182X00,000
year
a
months
18.3%
1943,"
all-time
new
six
financial
lapses showed
The
&
in
through
nounced
policy issued
Inc.—July Sales-
Statement—
Benefit
Total
XHCr6USC
'1943
&
Semi-Annual
States—Issues
In
Light
were
Electric Bond
at
'
<-
determined'- W the basis
are
where
the cost of the
Assets—Investments
nation's
Inc.—Weekly Input—
ended
1943
Power
p.
•
Dr356
sulted in applying
versary.
1') V's-,'. ■'•')•r-'-.V'-^C:-
160,
com¬
to /undis¬
_________
particular certificates
Harbor
Light Co.™...
193,246
185.881
Light Corp
104,700
103,836
Light Co
99,481
99,202
The above figures do not include the
system inputs of
not
appearing in both periods.—V. 160, p. 534.
—V.
14,127,668
the
*. 1
,/•■
-
.
$6,592
Adjust, of previous year's tax prov.
been
Co.—Obituary—
Operating Subsidiaries of
Electric
«■
1,557
tributed income
77 652
t;
Vice-President, died at Rochester, N. Y.,
companies
Power
American
which
in
1944
f $8,150
_________
Portion
15,289
deductions, B. V. G. & E. Co..
p. 8.
•,4w
during
'
6 Months Ended June 30—
Expenses
Equitable
week
time
'
Ebasco Services
National
the
483,670
49
$100,570
the
preferred Stocks-1—
14
,
1,540,735
$199,998
res.
American
$2,533,357
$1.80 V
.51.33
may
Income
$902,570 $11,377,227 $11,036,144
159. p. 1861.
operating
2,256,084
$3,432,353
1 extended to Dec.
Aug.
on
$4,789,442
2,256,084
stock
common
480,199
$5,688,437
Equitable Investment Corp. of Mass.—Earnings—
-
6,618,744
(net)
Albert E. Sulzer,
For
$5,269,640
63,650
476,541
"Net loss from sales of securities..
1944—12 Mos.—1943
$174,477
Eastman Kodak
—V.
208,416
interest..^
Cash dividends paid
137,429
Balance
—v.
49,999
70,440
178,573
:
429.
39,996
deductions--
Pfd. divs.
$4,947,575
declared
net loss on sales 01
company's
527,525
taxes)
income
and
22,182
$5,865,967
Time Extended for Purchase of
$5.13
$5.67
45,720
income
Miscell.
2,144,611
$6,164,978
taxes
Undistributed
1
1944—Month —1943
Balance
Gross
$7,114,368
15,427
-
to Engineers P. S. Co
learnings per share,, of
$1,919,158
'
Corp., effective Sept.
revs
Retirement
$8,035,197
2,153,802
income
Balance
$3,027,887
1,108,729
stock...
11,793,480
247,000,000
14,637,668
and
patents,
charges
,
$609,288
applic, to stks. of Engineers P. S. Co...
Divs. on pfd. stock of Engineers P. S. Co
5,516,634
2,413,320
564,275
oper.
National
170,127,496
excess
cost
securities
Crrodwill,
etc
(estimated)
controlled
$
n
85,143,599
advances,
Post-war
of
$
Dec. 31,'43
160,838,878
___
accounts
profits
$31,-
receivable, trade (net)
Inventories
Securs.
of
...
,t Accounts and
Miscell.
advances
333,398
Bal.
Co.—Changes Name—
Aug.
on
revenues
inc.
Sheet :.'
•
Dr240,255
Rolling Mill Co. above.
(incl.
'•
Balance
from
Balance
Operation
of
122,218
:
requirements
.
563,672
.
Consolidated
Other
6%
to
Maintenance
in
1944.
investment
vestments."
Cash
preferred
.
to $231,500,000 ($23.15 a share) and in March, 1944. to
($24.70 a share), which closely corresponded to the equity
by the consolidated balance sheets of General Motors Corp.
to
div.
-
1943,
indicated
there
1943
Eastern Utilities Associates (& Subs.)-—Earnings—
the amount at
1925,
4,470,225
$928,292 $11,899,437 $10,926,582
319,004
3,864,241
3,812,214
applicable to minority Interests--^...".
Expenses,
4,814,443
5,189,535
__
prior
Period End. June 30—
___"353,043,824"323,712,944
followed
23,188
$991,968
$658,570
Undistributed
$247,000,000
at
1944
4,924,713
$3,230,307
4'/2%>
on
See Eastern
Interest
of
respect
13,480
■
4,853,468
$905,105 $11,777,219 $11,166,837
$16,198,617 $16,354,423
in¬
1936
year
(net)...
Balance
384,617,863 349,738,565
accordance
"In
''
"
-
$
34,052,469
dividends
Surplus
'
profits taxes
excess
2,290,390
available
Non-oper.
1943
335,065,394 303,493,297
....
Total
-Common
Associates—Earnings—
depletion
stockholders
Net
-
$
of year..
Net
376,333
Balance Sheet,
Surplus, June 30
1944
Surplus at beginning
2,091,177
.
$978,488
Earnings from other
sales
not
wholly owned exceeded the dividends received from sn*h companies by apnroximately: 3 mos.—1944, $255,000; 1943, $999,000. 6
mos.—1944, $700,000; 1943, $1,000,000.
Preferred
and
Eastern Stainless
;
11,115,372
complete the expenditure of $4,000,000 to reacquire publicly
held preferred stock.
The company had spent $2,487,356 up to July 22.
—V. 159, p. 2519.
.V-:.:..
'
Eastern Stainless Steel Corp.—New Name—
figures do not include the value of products manu¬
factured in U. S. Government-owned plants. " Compensation for con¬
structing and operating such plants (principally on a fixed-fee basis)
is included in "other operating revenues."
Note—du Pont company's equity in profits of controlled
companies
80,754
10,101,863
m
Interest
$53,233
Eastern Rolling Mill
$2.32
Pont
income
9,388
$48,722
...
require
The
11,109,292
319,415
aris.
amortization.._
Earns,
25,755,587
11,109,682
com.
earned
Refund
8,678
$12,903
income
per share of
—V. 160, p. 8.
*
3,799,913
outstanding.
applic. to
Amount
&
.The SEC
Earned
to
Com.
2,075
$11,737
2302,
p.
Balance
stock
pfd.
on
340
on
__
*
—_____
Bal. applic.
$62,622
income
Divs.
(allo¬
income
inc.
Divs.
737
$57,401
deducts...
consolidated
29,555,500
income
cated
."
Int.
10,253,304
taxes
other
■Other
68
$14,977
Debt discount and expense
11,602,304
income—
for Fed.
$62,281
$56,663
1,492,594
period..
other
$14,909
$13,814
for income and
Net
Total
income
Totai
8,586
income
Depreciation
Miscell. other inc. (net)
985,274
revenues
Balance
inc.
income
Interest
208,069
5,238,387
16,151
950,498
3,521,526
29,608
12 Mos.JEnd. June 30—
»
5,072,865
_
.
taxes
taxes
oper.
Other
19,287,287
434,314
337,329
45,672
....
Net
23,104,436
4,066,073
represent'g.
in
Preferred
taxes..
Prov.
con¬
companies not
taxes
reduct.
17,459
6,000
Total
wholly-owned
■
1,808,170
from refinancing
Other ,taxe3 -——431,443
pany
19,302,196
7,500,000
stock.
acqui-,
1944—12 Mos.—1943
$4,827,900 $61,386,517 $54,880,388
Charges in lieu of .Fed,.
-
Subs.)—Earnings^-
194$;—12 Mos.—1943
62,999,000
65,455,000
Motors
common
plant
adjustments...
Amount
4,528
Eastern Gas 8t> Fuel
'/.'■■i Operating income
■
Federal income
of
70,458
income
other
&
Net
of war
contracts.-
material*
sition
Fed.
income
Gross
on
renegotiation
.-
the company
tax liability.
The operat¬
returns
$411,393
270,631
taxes
profs,
oper.
Other
22,156,041
18,980,837
15,953,767
in
exc.
Net
(allocated
fcr lia¬
bility with respect to
portion)
for
1943
$413,913
profs, taxes—
inc,
oper.
in
$101,738
profits—
income
exc
&
87,363,965 193,352,824 167,714,761
penses
Deprec.
$62,726
Co.—Earnings—
—
than
exc.
Charges
Cost of
98,178,881
&
Federal
Fed.
expenses
other
inc.
149,729,258 317,748,666 291,152,835
159,333,436
582.
$101,615
revenues.—
Operating
152,466,451 142,356,001 303,390,223 275.978,230
6,864,985
7,373,257
14,358,443
15,174,605
—
$7,300
tax
—'
of
(&
1944—Month—1943
$5,247,351
___
419,761
$21,281
expenditures
May 31—
revenues
Depreciation
66,456
1944—3 Mos.—1943
Period End. June 30—
Taxes,
goods sold, etc.,
operating charges
Sell., gen. 6s admin, ex¬
Period End.
Operating
Operation
Maintenance
21
profits
excess
.
Engineers Public Service Co,
Preferred
-
revenues—
oper,
and
income
holders of its preferred stock other than Cities
Light Co. for proxies approving the proposed merger
&
2,441
18,411
maintenance
extraordinary
(a)
the
of
agreement;
$127,324
$25,337
394
55
surplus.
East Missouri Power
outward
freight., etc.)
Other
Co.
Service Power
Balance
Co.—Earnings—
$
(net
to
securities
2,001,211
385,501
carryoved resulting from the .aforementioned causes indicate
that, based on the Revenue Act of 1943 and regulations applicable
thereto, and estimated earnings, there will be no tax liability for
the year 1944.—V. 159, p. 1860,
'
(Including Wholly-Owned Subsidiary Companies)
1944—3 Mos.—1943
1944—6 Mos.—1943
allowances,
consol.
to
to
Co.
loss
ing
Period End. June 30—
"Sales
56,948,
16,718
debt.™—.
& Light
Power
The Empire District Electric Co., the sale by Cities Service
Light Co. and the acquisition by the surviving corporation of
of
The Empire
District Electric Co.
held by
Cities
Service Power & Light Co. and the solicitation by The Empire District
$129,765
and its subsidiaries for said years showed no
;
(E. I.) du Pont de Nemours &
to
Federal
dated
and
$288,347 in 1943.
§Less reserves for amortization
rations
the
120,498
repairing the damage caused by a severe sleet storm, and (b) loss on
sale of properties of Northwest Carolina Utilities, Inc., the consoli¬
for
reserves
unfunded
transfer,
"Due
depreciation and amortization of $45,174,593 in
1944 and $35,334,981 In 1943.'(Less reserves for depreciation and amortization of $416,786 in 1944
tLess
-
,
$25,731
debt
funded
Cities Service
Power &
inc.
Bal.
-
1943.
in
5249 571
-
$38,054
;
by
135,689
-12,947
867
-
-—
the sale
of the 350,000 shares ($10 par) common stock of thecorporation at competitive bidding, the acquisition by The
Empire District Electric Co. of the properties of Ozark Utilities Co.,
Lawrence
County
Water,
Light
&
Cold Storage Co.
and
Eenton
County Utilities Corp., and the sales of such properties by such corpo¬
263,663
80,211-
29,14727,775
-
$37,187 *
...
—
,-i
income
Gross
638,841
receivables
doubtful
for
reserves
29,663
59.543
stock,
common
public
surviving
Amort,
37,293,909
36,539
■
—
"Less
replace. & retire..
Operating income —'
6,000,000
—
Total
;
renew.,
other than Income taxes--
33,160,739
surplus
Earned
for
35,639
60,664
19,346
27,840
14,346
_____—
$784,333
1,202,278
37,293,908
The
Electric
12 Mos., *44
$184,413
$195,022
Other income
30,386,900
($100 par)—.:
——
(1,248,706 no par shares)
stock
"Taxes,
1,636,049
pref. stock
cum,
Common
Prov.
5,250,000
1,808,291
1,270,426
interests in subsidiaries
pref. stock, series A
cum.
Subs.)—Earnings-
losses,
-
Minority
par)
1944—3 Mos.—1943
-
Operating revenues
damage
replacements, and
cell
claims,
5%
Purchased
Operating
4,500,000
accident
and
sundry
$4
71,229
116,658
127,331
7,500,000
.
——
fire
for
Reserves
■'
o5,985
i°k,bJ0
———
Co.
335,065,394
1,135,282,714 1,115,452,968
East Coast Public Service Co. (&
1,316,505
Electric
and sell $10,600,000 first mortgage bonds at competitive bidding
6,500 shares ($100 par) 5% cumulative preferred stock at private
sale, and issue 32,518 shares ($100 par) 5%
cumulative preferred
stock to be
offered
in
exchange for 32,518 shares ($100 pan 6%
cumulative preferred stock of The Empire District Electric
Co. now
Drl,696,486
tlncludes
1.326,847
——
accrued
Interest
Rents accrued
;___
Period End. June 30—
Federal capital
Empire District
.
Corp. will be merged
The surviving corporation will
Utilities
County
outstanding and held by others than Cities Service Power & Light Co.
plan also provides for the issuance and sale by the surviving
corporation to Cities Service Power & Light Co. of 350,000 shares ($10
750,000
1,123,227
1,231,994
Benton
31,613,430
168,885,000
deducting
tAfter
and
222.450,240
in 1944 and $23.15 a share in
doubtful accounts:
1944,
$3,330,743; 1943,
refund bonds received of $5,984,194. §After de¬
ducting U. 8. Government securities: 1944, $166,015,907; 1943, $134,569.007.—V, 160, p. 325.
5,588,505
20,078,139
14,059,968
750,000
---
security,
income, etc
"~ZZ7>
_
5,328,462
Accounts
35,231,818
211,874,502
at $24.70 a share
"10,000,000 shares
1,900,000
payable (banks)
———payable—trade and sunary
..
income and excess profits taxes—
Serial debentures maturing within one year—
Notes
treasury
_
1943.
Co.
353,043,824
Drl,836,618
:
—-
$3,094,351.
simplification of the
the merger of four
system through
subsidiaries.
32,461,989
168,885,000
par)
Total
Liabilities—
Federal
in
operating
and
the
497,985
139,616,329 119,008,314
—-
stock
Common
37,385,263
226,035,226
61,831
34l|204
""-———"—-II-
($20
Surplus
2,200,617
72 371
SPatents
6,411,034
-
stock
Light Co.
for the
plan
a
&
/' -•
plan Ozark Utilities Co., Lawrence County Water, Light &
Storage
The
approved
7
Power
Arkansas
222,450,240
stock
Preferred
529,340
5,472,632
"
pensions
depreciation and obsolescence.
insurance and contingencies—
for
for
Cold
into
Aug.
on
and
issue
bonus
-
for
Reserve
employees under
to
____
876,283
605,234
593,812
accounts receivable
Non-current notes and
liabilities—
awards
for
Reserved
asso-
----—~
—
refund of
Post-war
Other
7,925,690
7,540,610
"
elated
1,744,306
9,101,841
—
SEC
Service
Under the
17,113,487
25,834,652
10,229,076
26,509,884
(estimated)
accrued
1,011,231
product)
The
Cities
of war materials
renegotiation
respect to
Empire District Electric Co.—SEC Approves Plan for
Simplification of Cities Service System—
Missouri
taxes on income,
contracts
goods and work in process
——
Materials and supplies——.
~~~~Z
1,899,957
24,503,833
1,899,957
21,400,642
accounts
gFederal
.
Finished
18,978,842
19,287,266
16,735,249
payable on prelerred stock
payable, advances, etc.—
and liability with
Miscell.
10,552,094
13,114,82/
—
accounts receivable from
S. Govt, and its agencies (other than for
unbilled
and
14,610,350
advances
contract
Government
Dividend
6,573,225
2,325,000
14,119,518
___
_
Government
S.
S.
U.
trade..
payable,
Accounts
$
*
Assets—
.
U.
Liabilities—
Sheet, May 31
Comparative Consolidated Balance
Monday, August 14, 1944
peak of
since
months
new
was
$8,628,197,359,
the
ended
ordinarv
close
June
of
an
which
and
represents
a
gain
of
an
increase
$431,935,369
a
of
for
30.
insurance
$186,986,751,
1943
reached
paid for during
increase
the
of" $149,776,235,
corresponding period of last year,—V. 160,
p.
325.
first
or
half
of
36.3%,
the
over
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4307
160
'v•' '*Y
Equity Corp.—Semi-Annual Report—
The
of
report
corporation for the six months ended June 30,
the
$8,938.58 per
share of $3
convertible
preferred stock (preference in liquidation $50 per share
and accumulated dividends, and $1.47 per share of common stock.
Comparable figures for Dec. 31, 1943, were $7,188.87 per $1,000 deben¬
ture, $79.92 per preferred share and $1.03 for the common stock.
Com¬
parable figures for June 30, 1943, were $7,008.59 per $1,000 face value
of debentures and $76.32 per preferred share and 90 cents per share
of common stock;
'
Y'yyY - YY- '.yY '
1944,
shows
$1,000
net
face
as
of that date equivalent to
assumed debentures, $90.74 per
assets
value
of
of
interest
its
transactions
the
in
Alabama
summarized
are
Service
Water
Co.,
subsidiary.
a
625
The
(M. H.) Fishman Co., Inc.—July Sales-
follows;
as
Period End. July 31—
(1) Federal will borrow $750,000 and will issue a cne-day unsecured
note therefor.
Y
••..
\'Y VY' 1 Y v m.
VYY
Sales
■
1944—Month—1943
——„—
$569,449
•
.
(2)
Federal;, will
Alabama.
.
(3)
contribute
Alabama,
Y';,
with
the
its
of
consent
paid-in1 surplus
the
to
$1,350,000
Y. •
.
V;
—V.
of
160,
1944—7 Mos.—1943
$552,762
$3,281,831
$3,369,870
222.
p.
'
sole
bondholders,
three
Freeport Sulphur Co.—Earnings—
will
■
1944
Cash
j
.
divs.
Reinsur.
divs.
Cash
stocks
on
$70,974
Corp.—
earned
Miscellaneous
13,331
13,024>
11,867
6,013
121,187
111,463
95,340
84,321
bonds-
on
$76,254
$76,254
$76,554
1,672
115,604
income___
principal
order
amount
Operating
Interest
Int.
$200,741
43,643
42,217
45,475
65,000
debentures.
75,833
80,625
83,750
846
indebt
bank
refunded
deb.
to
holders and taxes paid
at
•Excessof income
over
$45,531
295,862
Preferred dividends
♦Without
of
in
giving
effect
connection
301,131
,
security transactions.
tNet
agreement with Pantepec Oil Co.
former
a
$81,038
159,610
of
results
to
with
$74,899
153,227
$76,626
operating expenses.
income
2,182
2,154
3.263
2,377
source
'
:
s
Balance
v
•
June
Sh^et,
1944
30,
in
total,
Liabilities—Accounts
accrued
eral
interest
income
$2,250,000;
Federal
its
largest
remaining
$675,958;
taxes
and
accounts
$20,793,922.
payable,
of
by Federal
holder)
water
call
a
price of
to
are
will
Alabama's
103.9%
of
•Net
In
par.
♦After
and taxes, $28,104;
$53,125; reserve for Fed¬
expenses
outstanding,
supplies and
Market
appreciation of General Reinsur¬
$593,701; capital stock,
being:
accounts
Andalusia,
$2,075,000;
(7)
Alabama's
(then
Federal
sole
the Cities
total,
$302,175;
of
$20,793,992.—V. 160, p. 429.
redemption
will
tion
date
within
will
Elba, $40,925;
proposed
of
and
for
$750,000
redemption
plan
for
the
its
of
transactions
Federal's
businesses
call
months from
24
additional
an
The
$81,900;
months
of
$1,750,000
to
divestment
be
by
of
Fidelity-Phenix Fire Insurance
shown
Prov.
trust
ceitificates, to be Issued by
trustee,
Y
sold
at
100.1285
procurement
the
of
certain
The
and
Increase
in
for
of
of
the
of
cost
the
subject
accepted
V.
by
made
was
par
160,
Guaranty
to
the
to
houses,
dividends,
Trust
Co.
approval.
our
proceeds
429.
p.
accrued
and
applicant
based
of
On
on
will
rate
a
963,724
profit
has been
annual
approximately 1.85.—
the
basis
be
Y 7,517.433
4,900,867
4,388,804
$277,634
$1,058,644
*$1,556,537
♦$7,902,238
advert,,
iSelling.
sales..
admin.
,
1,741,734
1,816,775
income
Profit
$710,553
^1,931
75,077
Fed,
income
for
$1,791,123
69,853
$785,630
143,390
puted
at
profits
§966,676
513,000
$241,593
$133,240
$0.75
$0.99
$0.55
includes
of
provision
Consolidated
hand
1,499,996
avail,
receivable
notes
(less
Liabilities—Notes payable to
other
notes
and
rolls
payable.
payroll
$177,396;
$120,721:
taxes,
accrued
for
$722,700
&
surplus,
V.
$1,351,729;
159.
2302.
p.
rents
accrued
•
2,263,797
:
■—
164,378
,
1945,
1,
of
■
—
Net
879
and
1,500,000
1,652,700
800,000
—.
3,750,000
3,750,000
70,301.574- 62.723,630
1,863,290
expenses:
—
...
—:
surplus
——————
—
9.
p.
income
profit
has
June
50
on
this
10,
cents per
share
per
du
from
The
in
board
place of
and
Loss
of
3,653,936
23,180
314,941
Federal
Fed.
taxes
48,112
237,774
118,186
1,093,254
1,307,000
*2,212,000'
1,282,000
....
profits taxes.
exc.
53,062
15,270
1,908,100
profit
who
both
resigned
the
of
as
War
2,508,719
2,380,295
—_
2,046,420
....
and
L. Straus
for the first
Carl
said that sales and net profits, after
II, President,
four months of the fiscal
the like period last year.
formerly Vice-President in charge of engineering
the American Can Co., has been elected a director.—V. 160, p. 534.
G.
♦After
approximately
were
year
per
Freis,
for
share.
com.
deducting
Archer
•
for
debt
Comparative
Balance, Sheet
S.
banks and on
in
Government
hand
of
94,800
—
stockholders
the
restaurants
but
needed.
The
position
to
it
told
were
corporation has
is
impossible
at
ahead
officials said.—V.
160,
meeting held
with
p.
present
to
obtain
on
Aug.
the
modernization
receivable, officers and employees
Deferred
materials
Fixed
charges
—
assets
(
Goodwill
■
-
Fairbanks, Morse & Co.—Extra Distribution—
directors
share
the
record
Aug.
1,
June
1
the
and
common
and
this
one
have
usual
stock,
11.
declared
on
In
an
quarterly
par
Similar
year.
of $1
no
dividend
value,
an
1.—V.
both
extra
159,
dividend
extra
distributions
1943,
Dec.
p.
of
25
of
cents
25
in
Office
staff.—V.
160,
per
per
$38,014,889 $38,772,888
share
on
Sept. 1 to holders of
made on March 1 and
payable
were
of
cents
50
was
paid
on
Sept.
1972.
Accrued
payable
local
Employees'
Reserve
Note
bank (portion due within 1 year)
to
pay.
Accounts
for
and
investment
est.
Fed.
Federal Water & Gas Corp.- -Files Amendment to Plan
proposing
a
number of
and
other
certificates
inc.
and exc. profits taxes
Common
2,088,811
1,876,545
241,940
2,455,312
259,220
to bank (instalments due after 1 yr.).
stock (827,694 no par shares)
surplus
an
amendment to its integra¬
stock held
transactions as
steps
to
divest itself
Total
—V.
159, p.
1
in
treasury
1146.
board
a
also
remain
as
p.
a
535.
1944
1941
1942
1943
$3,166,408
$3,551,322
$4,176,076
2,603,058
2,850,363
3,264,556
$966,687
$563,350
$700,959
$911,520
115,093
19,707
19,582
44,559
$583,057
$720,541
$956,079
234,233
Y 243,983
247,059
229,240
miscell.
&
1,584
deducts.
Net
—V.
Fed.
for
Prov.
inc.
-
profit
160,
355J300
tax
63^000
$497,541
$285,824
125,143
$476,558
General Precision Equipment Corp.
profit
Earn, per common
share
(& Subs.)—Earns.
1944—6 Mos.—1943
1944—3 Mos.—1943
$270,160
$0.46
$376,644
$0.64
$589,106
$1.00
depletion, Federal income and
taxes, renegotiation and contingencies.—V. 159, p. 1761.
•After
depreciation,
General Printing Ink
Other
$669,726
$1.14
>
excess
profits
Corp.—Earnings1942
1941
$586,445
$575,405
$896,042
31,376
29,806
33,326
37.294
$592^551
profit
income
1943
$561,174
6 Mos. End. June 30—
Operating
$582,294
325,
p.
Period End. June 30—
•Net
$640,000
4.421,861
$616,252
$608,731
$933,336
1944-
2,220,985
2,080,000
6,977,422
19.496,819
589,863
6,977,422
19,308,135
Dr241,143
Total
2,720,000
579,911
pay.
Earned
exps.
$640,000
3,695,817
and
Motors
The
as a Vice-President
members of the board
$1,081,781
Dr241,143
Other
income
$38,014,889 $38,772,888
Net
.
profit
per
160,
share
st^k
p.
430.
94,840
104,572
134.394
230,891
291,152
271.405
$279,850
taxes
common
—V.
89,434
223,266
deductions
Federal
Earnings
corporation has filed with the SEC
plan
taxes
Reserves
-Hearing Aug. 18—
tion
—....
State
General
Fisher
'
8,960
388,872
.
775,493
10,034,995
1
Mr.
3,064,185
Operating profit
19,665,199
1,064,596
953,958
9,269,653
1
Committee.
$4,030,873
Expenses
Liabilities—
Note
cents
Common
The
$7,407,762
94,800
396,806
325.
Total
The
Fisher
Armstrong
^
18,737,698
Investments, etc.
this is possible,
as
soon
as
811,351
5,267
reserve
Inventories
2
several of its
has the necessary funds and is in
corporation, however,
go
annual
the
at
plans for the modernization of
receivable,
Accounts
Exchange Buffet Corp.—To Modernize Restaurants—
The
that
less
of
Committee.
P.
Lawrence
F.
F.
Amortization
; -
$7,077,565
;
securities
Accounts
,
Administration
War
Vice-President. He succeeds
charge of the manufacturing staff and will continue
of
the War
Contract Termination Committee of
the
W.
460.399
$3.06
Apr. 1,'44 Mar. 27,'43
Assets—
Cash
U.
$246,000
333.875
$2.90
retirement credit.
member
a
General Outdoor Advertising Co., Inc.- -Earnings-
Int.
:
Y
>-
who was elected
Pont,
Vice-President
a
Edward
elected
Chairman
as
Central
2.046,417
418,659
$3.01
19,496.819
$2.73
Surplus
Earns,
du
1,903
2,046,420
B.
the
3 Mos. End. June 30—
2,465,079
—
dividends
the
on
Administration
resignation
board
The
807,095
2,046,420
2,235,104
.—
dividends
Preferred
of Pierre S.
place elected
the resignation
board and in his
accepted
7
Henry
Operating revenues
Common
"Y
directors.
of
244,244
$348,000;
Net
v:
Salary Committee in place of Walter S. Carpenter, Jr.
elected
Thomas P.
Archer a
member of
the
member
a
4,003,678
-YY
invests..
of
Manager
he
sale of assets
on
Write-down
dividend
a
Vice-President of the corporation, 'recently was appointed
of the Fisher Body Division, succeeding Edward F,
a
199,770
109,681
1943,
during
Y V
usual quarterly
also
Archer,
3,454,165
6,211,946-
Y
,Y
Aug.
on
directors
146,033
•
cents per share
dividend of 75
a
quarter
the
declared
membership
of the Bonus and
3,857,646
95,156
each
In
also
directors
Pont
the
—
7 declared
Changes in Directorate and Personnel Announced— v
of
5,588,592
paid
1760.
dividend of $1.25
the $5 preferred stock, payable Nov. 1 to holders of
A like amount was disbursed on Aug. 1, this year, and
9.
member
.
p.
Corp.—75-Cent Common Dividend—
preceding quarters-
accepted
0,088,303
123,643
159.
renegotiation
estimated
reflect
to
business.—V.
Aug.
year.
on
record Oct.
in
Fisher,
54,747
adjusted
been
share was paid.
directors
The
138,253,888
972,868
income
4,670,000
$1,041,888
outstanding common stock, par $10, payable Sept. 9 to holders
Aug. 17.
A similar payment was made on March 10 ahd
142,680,922
5,533,845
Interest
5,620,000 *
$1,125,058
-
record
Mr.
Total
reserve
and expense
-
Motors
directors
the
1,004,866
986,380
receiv., net
26.390
;
$5,867,690
85.986
37,406 *'•'
69.816
income..
en
—
General
The
Y
180,764,909 169,516,421
——
taxes
Government
187,839,592 174,378,933
955,488
divs.
&
$5,841,301
$6,853,471
'•
71,006
mortgage bonds
Note—Income
but
Profit
Int.
$7,075,563
•?' 401,042
833.221
30,549
:
income
158,435,645
Depreciation
facilities
war
for Federal
164,924,978
etc
expenses,
$8,133,603
336,609
974,072
plant, machinery & equip.
(net)
General
Cost,
1,134,183
237,317
exps.
profit
first
on
Committee
Inc>—Annual Report—
Years Ended
Apr. 1, '44 Mar. 27, '43 Mar. 28, '42 Mar. 29, '41
1,463
1,585
1,746
1,923
Sales
$8,447,064
887,377
289,772
$6,822,922
gen.
income
,
liability on
Income Account,
Comparative
(number of)
1943
$9,310,752
and
Angus 3. Echols, Chairman of the Finance Committee of E. I. du Pont
de Nemours & Co.
Mr. Echols was elected a member of
the Audit
.
First National Stores,
Stores
'"1944
1
administrative
operating
The
..——$104,685,675 $94,931,227
160.
'
$0.27
•
900.000
1,500,000
dividends
Total
Eversharp, Inc.—Sales Up—New Director—
Martin
$0.19
$0.18
sales
on
operating
Net
171,407
$19,962,677 $18,597,204
6,507,256
5,807,693
of adjustment
taxes
jY
-
$0.12
outstandg.
$302,574
'•
^r'
■
,,
1861.
p.
Interest
of
Voluntary reserve
Cash
capital-
1039.
double those of
Y,
-
„
Y
:
$204,293 <Y- $218,484
''. YY Y
on
Other income
taxes,
111,835
Yj
\
share
service,
Total
2,307,732
137.934
5.896,204
claims.
for
miscellaneous accounts payable,
and other expenses,
$250,000;
$414,410
111,835
55,918
operating charges (net)
Net
1943'
180,705
151,476
4,952,250
—-
—
premiums
commissions,
taxes,
$330,320
$260,211
$140,812
Provision
$104,685,675 $94,931,227
for
long-term indebtedness,
capital stock (par $5), $1,220,953; capital
earned surplus, $2,996,730; total, $10,469,778.—
maturing prior to July
$661,218; reserves, $394,554;
ness
•
of collection.^
course
...
Reserve
banks (under Regulation V), $2,100,000;
trade accounts payable, $147,140; pay¬
renegotiation.
619,600
55,918
Amortization of bond premium
balances——
$150,457),
$250,857;
royalties,
for
reserve
: 1,074,700
'$96,973,069 $86,417,950
-
—
process
excess
for price rede¬
termination of war contract. $14,761;
reserve
for post-war rehabili¬
tation and other contingencies, $59,000: Federal, State and Canadian
taxes on income (less U. S. Treasury tax notes to be applied in pay¬
ment thereof of $1,457,895), $234,172; portion of long-term indebted¬
$142,546;
189,400
442,200
•
com.
on
2YYYYY-YY:'-'
1944
stocks
Unearned
at cost,
of
reserve
for
on
Sheet, June 30.
Total
deposit, $2,959,964;
on
bonds),
127,504
161,300
$196,729
YY
shares
profit
Other
1,499,995
1,499,995
1,499,996
Balance Sheet, June 30, 1944
and
period
Deprec. & amort,
12,823,092 Dr2,726,645 Drl,279,570
Dr36,575
Drl3,357
Cr46,628
7,304,925
50,514
and
Reserve
marketable securi¬
$28,881; trade accounts and
$1,415,652; expenditures
for tools and
dies and all other charges to
be billed to customers,
$16,377;
advances
to
logging
contractors.
$148,639;
inventories,
$1,714,482; investments ana other assets, $774,631; timberlands (less
depletion and reserve for revaluation of $360,114), $1,888,293; prop¬
erty,
plant and equipment (net), $1,347,809; patents and licenses,
$l; deferred charges, $175,049: total, $10,469,778.
on
(net)
.
Interest
—V.
(Dominion of Canada
period
the
Deprec. & amort,
>
$227,634
$0.93
taxes.
Assets—Cash
ties
113,334
103,800
,
excess
the
stock
Other
surplus June 30__ $72,328,087 $64,585,195 $42,375,868 $50,024,422
Other
'
59,000
$182,021
and
rates
1942
61,720
19,375
Real estate——
157,089
deducting cost of products sold amounting to $5,594,062 in
$6,672,639 in 1943.
+On 244,190 shares (par $5).
§Com-
and
91,423
$1,350,914
in¬
687,300
for
Product
value
Losses in
profit
JUarns. per com/ share
•After
*4,674
.Liabilities-
—"
509,000
...
371,270
etc...
adjust,
conting
97,823
$1,679,654
General Cable Corp.—Earnings—
on
Net
1944
127,437
special res._
Premiums in
$481,491
96,768
plant &
tax,
93,516
declared.___
in
divs.
Agents'
price
other
and
'
39,993
$867,930
inc.
on
Fed.
159,
Gross
$2,122,338
50,615,645
Assets*1—■'*
26,238
200,000
47,928
80,700
per
com.
stocks
of
ofstks. & bonds
$455,253
equipment
Prov.
46,360,302
Balance
$1,769,191
60,854
$260,237
50,370,859
(net)-_—,
market
Increase
1941
$833,822
$873,145
$1,259,491
$1,012,320
Federal
for
~V.
$66,472,643 $53,298,674 $46,615,864 $52,757,358
In
Inc;
668.698
etc.
$1,581,831
tax
Net
$1,123,951
663,452
39,323
sale
on
bonds
&
$2,800,378
64,418,309
31—
•Loss.
1942
*$2,491,414
723,223
income
Loss on sale of
4,446,034
4,328,250
$1,960,818
Dec.
surplus
Cash
Total
Interest,
inc
Total
Net
Bonds
....
profit—
Investment
Net
1.068,416
Operating profit
Other
$827,938
Stock
1,772,263
-
expenses
.
19.500
$964,392
taxes..
int,
1,133,822
$350,076
1,683,184
Underwriting
average
$1,374,005
1943
1944
on
19,500
oper.
—
div. for
842,720
$9,124,360
5,008,708
(& Subs.)—Earnings—
6 Mos. End. June 30—
Gross
9,750
after prov,
for
Prov.
l7/a%,
'
Evans Products "Co.
397,464
9,750
56,591
for
Profit
4,478,753
Cash
i
.'410,614
company..
—
come
Pfd.
5,156,015
and
York,
New
this
198,995
6 Months Ended June 30—
100.1285
investment
142
1,676,455
205,408
of
notes
Prov,
part;
insurance
bidder tj
Vb of 1 %
best bid,
invited
2,011,945
—
as
banks, and
companies to bid for the purchase of the certificates, the
name a rate of dividends to be borne thereby
in multiples of
per annum.
In response thereto, 4 bids were received.
The
applicant
stock
Dominion
Total
1941
Expenses
Net?
$12,917,092
1,036,683
$9,967,080
Losses
in connection with
dividends
accrued
report of the Commision states in
The
Bank of Cleveland,
National City
and
1944—6 Mos.-—1943
$6,980,725 $13,780,551
1,179,550
pfd.
on
ada, Ltd.,
160, p. 8.
1942
327,633
$9,912,403
1943,",
Profit of Gair Co., Can¬
in the consumma¬
interests in the
$10,968,219 $10,349,699
2,012,871
earned—__
in
y-Y.YY'
1944—3 Mos.—1943
$7,219,111
below
Profit
reserve
and
$645,000
were
of
9.
p.
—
Prof, from U. S.
its
Co.—Earnings
1943
1944
■■
customers
to
subsidiary
unearned
Premiums
equipment.
160,
for depreciation—
Divs.
its debentures
for redemp¬
$11,925,273 $11,295,852 $11,313,424
written
prem.
-
Profit before deductions
properties of Alabama Water Service Co., which plan in
6 Mos. End. June 30—
Underwr.
for
/
profits taxes for the quarter
and in 1943 $^86,000.
For the
1944, ' taxes
portion
1943.—V.
S.)
Prov.
steps
it of
30,
y
excess
•
sales
(U.
sale call
said
cf
June
company's
Period End. June 30—
Net
debentures.
stated
are
the
date
and
$393,000
1'' '■■■'Y.
'
(Robert) Gair Co., Inc. (& Subs.)—Earnings—
Cooperative,
respect was previously approved by the Commission.—V.
premium
The ICC on Aug. 3 authorized the company to assume obligation and
liability in respect of not exceeding $3,620,000 17/b% serial equipment-
$1.88
reserve
stock¬
of
Opp,
income
1944,
ended
The
Profit
.
$1,504,259
$1.58
depletion,
depreciation,
totaled
Federal
30,
profits tax
Erie RR.r—Equipment Trust Certificates—
,
$1,265,862
the net- earnings (included above)
of the Cuban-American Manganese Corp. was $112,354, or 14 cents a
share for the second quarter of 1944; $33,994, or four cents a share
for the 1943 quarter; $176,655, or 22 cents a share for the lirst six
months of 1944, and $123,391, or 15 cents a share for the first six
$2,500,000.
use proceeds from said sale, or an amount equivalent
Federal will
including
■
July
(2)
utility properties,
receivable
charges,
months
six
sale.
Federal will immediately, upon the consummation of said
sale, repay its one-day bank loan of $750,000 and at the next following
Securitiesi,
unrealized appreciation, $7,943,890; total,
$9,241,962;
$1.08
$499,000.
3,613 shares of $6 preferred stock
outstanding.
;;
-YYh .yY Y.:. ;.Y YY.Y
to
all
Notes—(1)
ended
Bessemer)
at
Andalusia, Elba, and
Opp and the Alabama Electric Cooperative, Inc., for $2,500,000. subject
to certain adjustments for construction, retirements, depreciation, and
current
assets
between
Dec.
1,
1943,• and the date of closing;
the
respective prices to be paid before considering closing adjustments
this
'$864,495
$0.83
share-
com.
taxes, etc.
including materials, sup¬
plies and accounts receivable pertaining to said properties without
the surrender by Federal of any of Alabama's stock owned by Federal.
(6) Federal will sell the said electric properties, including materials,
and
$664,436
v
per
1944—6 Mos.—1943
1944—3 Mos.—1943
profit
Earns,
The
remain
distribute
electric
(located
property
by Alabama,
$713,265
Alabama
(5)
tion
accrued
unrealized
on
General
surplus.
ture
$7,183;
debentures assumed by the corporation.
for contingencies (including $568,000 applicable to
reserve
income
$638,308;
hand,
on
on^debentures
taxes,
Corp.
ance
and
banks
$3,700,512;
company,
at
of said
and divi¬
dends'receivable and interest accrued, $19,650; general market securi¬
ties,
at market quotations,
$4,762,470;
investments in securities of
subsidiary company, $11,672,981; investment in security of associated
Assets—Cash
bonds
thereto, to retire Federal's debentures within 24 months from the date
Venezuela, C. A.
r
its
all of
the remaining bonds will be retired, and (c) that the present annual
sinking fund of $21,000 will be maintained over the life of the bonds
instead of being increased as is contemplated by the original indenture,
(4) Alabama
will
retire
6.793
shares
of
its
$6
preferred stock
(being all of said stock now in the hands of the public) at the call
price of $105 per share, such retirement of stock requiring an expendi¬
$212,445
54,399
expenses
on
on
Taxes
$199,365
$167,307
__
of
Period End. June 3C—
to
held
Total
'
accomplish this, Alabama, with the consent of its three bond¬
holders, proposes to execute and deliver a supplemental indenture
which will provide (a) for the release of the electric properties upon
the retirement of the bonds as stated above; (b) that upon the sale
of
of
other corporations
Int.
1941
of
stocks
on
1C42
1943
and sub. cos.Y
assoc.
Gen.
.
June 30
for 6 Months Ended
Earnings
ihe release of its electric properties from the lien of its mort¬
by depositing with the trustee sufficient funds to retire- $1,008,000
secure
gage
$290,520
$213,007
$527,536
$0.24
$0.25
$0.15
$0.58
on
The
authorized the listing of 10,051
Stock Exchange has
York
New
v
stock (no par) upon official notice of
in connection with the acquisition of the outstanding capital
Electrons, Inc. (Del.), making the total applied for, 331,051
issuance
of
of
shares
additional
stock
6 Mos. End. May 31—
Net
sales,
less discts.,
and
general
Profit
from
Total
of
Interest
Co.—Earnings—
Gross
5,490,685
18,973,072
$439,351
$633,760
$2,237,544
on
29,325
276,686
223.260
V--1-
profit
taxes
property
.%
Corp.
3lU%
of
Amort,
188,852
7,988
80,225
note
—
6,293
&
prof.
excess
•Earnings
78,776
100,964
140,471
370,276
$150,882
$758,375
$1,008,640
$0.20
$0.32
$1»61
—V.
1.344,637
$92,700
—
$2.15
ended June
months
six
Assets—Cash
—V.
'
wholly-owned subsidiaries,
banks
in
Sheet, June.,30, 1944
and
U. S. Government
hand, $2,218,109;
on
mechanical
position
Gross
—
share of preference
revenues
3.530,072
depreciation & amort
commercial, general office
for
other
salaries &
8,074,704
3,698,450
1,066,010
4,035,346
expenses—
oper.
surtaxes
734,951
763,367
2,310,346
1,624,764
profits tax—_
2,298,505
1,796,112
4,119,716
61,762
77,550
119,403
1,133,658
tuxes
Federal
normal
Federal
excess
income
&
deductions
Miscellaneous
deductions
(net)-
'
2,373,914
1,190,361
—1,193,594
—
of
Net
income
on
'
'
$1,823,763
$896,278
$856,519
—-
pfd. stock of corporation.-
1
$0.56
..
$0.42
.
.
M
balance
Income
159.
;* $637,769
——
$1,386,263
$677,528
V.
Net
sales
$3,733,938
3,372,933
3.097,163
$1,253,560
income
$361,005
$522,973
Orl,608
9,133 '
the
to
Prov.
115.497
,
for est.
prof, tax}-
for Fed. & Can exc.
Proy.
for
extent necessary,
additional
Fed.
114.863
'
52,781
contingencies
Net balance to earned
Consol.
Earnings
30.000
38.233
net
the 24 weeks ended June
share
on
income
1942
of
17.
$0.35
$0.10
depreciation;
equal
$68,701
1944. net profit was $602,985.
Canadian
with
to approximately
contingencies.—V. 159, p.
17,
/-
;
:
41
-
rates
No
a
.-V.;
-
taxable
after
of
reserve
to
sell
of
subsidiary
its
stock
is to
The transaction
interest
accruing
General
the
,
for
Is
—
To Sell Stock
equity
Water,
700
be closed
Boise
in
Utilities Corp., has con¬
(Idaho) Water Corp. for
before Oct. 1, with 4% annual
purchase price thereafter in the event the
completed by the latter date.
meanwhile, is to take dividends of $50,000 out of
on
will apply
part
indebtedness to
its
or
of the proceeds of the sale to pay¬
bank Jtan and to eliminating $385 -
International
General
Water
also
has
arranged
Utilities
Corp.
\
parent.
the sale
of
its
equitv
Rockland Gas Co.. Inc.. to Rorkland Light & Power Co.
^
interest
in'
The base price
$635,000, effective Jan. 31,
increase
ojr
.transaction
The
and
decrease
in
1944, with an adjustment for subsequent
net worth of Rockland Gas to the date the
is completed.
Rockland Gas
sale
Exchange Commission
Warren
subsidiary,
President of
.
sion.—V.
&
income
from
loss
^—i—
31,785
$2,984,445
116,693
$5,957,061
' 107,196
$5,229,459
r
- 71,935
$6,064,257
oper
s
i
3,821
capital assets—
2,356,800164,800
profits taxes
taxes——
poss. ; future,
,
_—
26,464
excess
income
for
158, p.
and
190.
.
U.
charges,
inventory
$5,301,394
4,597
5
4,314,509
315,500
•
—
4,726,000
372,500
-
-
300,000 •
'240,000
profit
and
taxes on
income
S.
income,
as.
-.
90,000
.
post-war
■
refund
of
$576,79-7
Consolidated
Balance
Federal
excess
Sheet," Jnne 30, 1944
notes and accounts
Assets—Cash, $2,073,571;
receivable, trade (netIf,
other.current assets, $205,249; com$108,285; other .assets, $1,656,013; .fixed
assets (less reserves for depreciation and amortization of $4,291,318).
$3,895,109; patents, patterns, drawings, jigs development, etc. record
value. $1; deferred charges, $91,094; total, $16,974,474.
$2,344,813; inventories, $6,600,338;
..pensation
payable,
accounts
fund,
insurance
Liabilities—Notes
•
•laneous
•accrued
real
< under
V regulations); $2,400,000;
$785,628; other accounts payable and miscelaccrued wages and commissions, $348,128;
$651,416;
estate
from
contracts
banks
payable,
trade
accruals,
general taxes, $433,475; advance payments, on
$40,998;
reserve
for Wisconsin
income
and
customers,
Federal income and excess profits taxes,
renegotiation of 1942 profits, $1,150,000;
Treasury notes, tax series, at. cost, -of
$6,900,000), $350,795; reserves and deferred credits, $3,263,285; 5%
cumulative preferred stock ($100 par), $79,600;
5% cumulative pre¬
ferred stock, second issue ($100 par). $1,502,500; common stock ($10
par). $2,852,190; capital surplus. $1,347,173; earned surplus, $2,754,484;
total, $16:974,474.—V. 158. p. 984.
'
$164,800;
taxes.
$6,100,795.
total,
of
taxes.
allowable
offset
sale of plants, were sufficient to
1353.
estimated
for
*$665,757
'•
stax.
.
$0.79
profits
excess
*$309,252
income
credit
"Before
;
Subs.)
1942 s!
$391,896
provision
and
of
Balance
«
Elected—Ac¬
• '
and
reserve
reserve
(less
$7,250,795
for
for
U.
Harriman Building
to approval of both the Securities
the New York Public Service Commis¬
W.
Frazer,
leading
automobile
S.
City
was
-
Hawaiian Pineapple Co., Ltd.—25-Cent
r
Frazer's
associates had
acquired
substantial part of the Graham-Paige stock*
the Graham familv.
He said the
a
oa
pa
Hodgson,
city
in
President
the end
the
expanded
the past three years,1 continues
organization and will also act as
for
Manager of both the Detroit and Warren, O.,
E.
R.
Harrell.
Frazer
prominent
R.
E.
said
New
Stone
that
York
and W.
In
figures and
was
the
commenting on
made
purchase
solely for
of
stock
in
the
July 25 declared
50 cents.—V.
par
$5,
a
payable
159, p. 1273.
Heller & Co.—Preferred Stock Oversub¬
per
$15
well into
Co.
share, plus accrued dividends.
Each share carries a
for the purchase of two; shares of common at
-
per
share on or before Sept. 30,
1947, and at $17.50
share thereafter until Sept. 30, 1950, when the war
rants expire. Part of the shares were first offered by
per
-
the purchase of Warren City Manufacturing
group
warrant
Graham-Paige
investment purposes.
nation¬
of underwriters who offered 27,500 shares
of "5Y2% cumulative preferred stock (par $100) at $104
wide
Eaton.
'company which he and his associates had made, would run
•seven
24,
on
stock,
(Walter E.)
attorney
L.
capital
scribed—F. Eberstadt & Co. on Aug. 4 headed a
operation.
Hodgson also announced that in
Johnston,
directors
the
Nov.
in that
General
addition to Mr. Frazer, Oswald
and member of the firm
of Simpson, Thatcher-& Bartlett, and a director of the Atlas Corp.,
the Manufacturers Trust Co., General Baking Corp., and other leading
companies, had been elected to the board.
Directors who resigned are
Mr.
The
on
holdings of Joseph B. Graham and
company would undoubtedly re-enter the automotive field at
of the war as well as expand its farm machinery business.
Distribution-
dividend of 25 cents per share
Aug. 25 to holders of record
.Aug. 15.
This compares with 50 cents paid on May 25, last, and 25
cents on Feb.
25, 1944.
Last year, the following distributions were
made:
Feb. 25. 25 cents; May 25, 50 cents; Aug. 25, 25 cents; and
,
.
V
Broadway-Trinity Place Corp. above-—V. 159, p. 110.
See
Manufacturing Co., Warren, O., as a whollyannounced on Aug. 9 by Raymond J. Hodgson,
Graham-Paige.
Mr.
v
Corp., N. Y. City—New Securities
Ready for. Distribution—-
executive, as
and the acqui¬
election, he confirmed reports current in
automotive circles for the past week that he and a group of New York
Following
Mr.
is subject
Joseph
of
L.
is
p.
oh
debt
the Board of Graham-Paig6 Motors Corp.,
sition
Mr.
the $100,000 balance of a
of
of
owned
International
the
on
not
General Water
of
1942
$6,681,269
1,420,025
price declines
?
-ft
t$329,855
$0.68
quires Warren City Manufacturing Co.— '
Boise company.
ment
1943
$8,014,075
2,057,014
■
$800,000.
transaction
Fed.
.
Water, Gas & Electric Co.
company,
1943
.
Graham-Paige Motors Corp.—Chairman
Equity In Boise Water Co.—
The
for
required
was
income.—'V* 159,
Election
tracted
1944
$5,243,578
2,259,133
ex¬
Chairman
General
subsidiary
Canadian
for
provision
funded
for
$25,851
deductions, .including losses
in 1943. and
balance before
•
cents
consolidated,
in 1944,. 7.5ft
7.8ft
or
1943.
appropriate
at
consolidated net
1972.
$244,196.
subsidiaries
dollars
States
the total
of
$91,325
weeks ended June
the
United
into
amounted
in
$347,087
V-loan
on
Approp.
.
*$238,098
$0.46
share
common
per
$170,162
compared
common,
share for the 24
Note—Net
16.6%
55,350
$386,219
'
.
income
Wisconsin
a
$0.67
For
change.
Total
provision of $123,030 for U. S. and Canadian taxes on >:
income and after deducting $100,440 for depreciation and amortization
and $28,515 for funded debt charges.
tAfter deducting $99,005 for
(333,-
share
outstanding)
common
per
shares
.
.'1944
;
profit
operating
$277,156
surplus—.
243
translation
,52,000
$356,038
(& Sub.)—Earnings—
operations^:
from
Interest
used,
redeem all the outstanding
to
-
174,299
151,003
932,757
J
taxes
E.
agreement
Account, Six Months Ended June 30 (Including
Income
"After
common
165,480 v
164.029
215,500 >)->'216(650
•
107,500
....
Loss cn disposal of
^
•
■
a
5,866
1,082,423
263,225
:
dividends—
Other income
'
purchase price paid Gosnold shareholders already exceeds
when all the outstanding shares have been presented
price will exceed $1,750,000.
("Boston News Bureau.'!)—
cumulative preferred stock.
7%
$525,985
Prov. for Fed. & Canad'n inc. taxes]
$1.49
1942
$2,122,069
4,292
1,047,140
264.024
■
$3,101,138
division
Profit
proceeds of the loan, when received, will" be.
the
3.012
•
$359,398
$1,262,693
Tgtal income
to
162,500
1943
$2,178,840
.
-
■
for
.
1,059,359 263,780"
169,540
;
excl. of houses division
admin. & gen. exp.—
profit,
Houses
made! by the company with the. Metropolitan
Life Insurance Co. for a long-term loan- of $2,000,000.
This loan is to be consummated in the near future, and
$3,620,136
4,276,569
—
income, net of expense——-
Earnings
>
,
tax
available
Selling., eng.,
has been
$5,530,130
j..
operating
Reserve
—
i—
surtax
profits
159, p. 2635.
Gross
159,'p. 2634,
■
Other
^
Tilles, President, announced Aug. 9 that an
*44 June 19, '43 June 13, '43
June 17,
Operating costs and expenses
Net
(net).
————
Harnischfeger Corp.
Gotham Hosiery Co., Inc.—PrivateFinancing—R.
General Time Instruments Corp. (& Subs.)—Earnings
12 Weeks Ended—
•r
$351,038
2080.
p.
;
'■•1.
1944
$2,189,625
6,928
—
revenue.
6 Months Ended June'30—
•
in
and
total
the
—V.
—v.
66.156
.
$326,871 '
(& Subs.)—Earnings—~
'
J————
Normal and
Balance
66,156 ■ ;
5.513
$28,733
revenue
charges
Excess
total
$1,500,000
.!
■
„
.
—>~
Mass.—New Offi¬
directors.
are
5.513
non-operating
Interest
the
with
Boston,
The
437,500
218,150
218,750
'
operating
Retirement
payment of their stock in
purchase offer recently made * by Joseph W.
Powdrell, representing the textile firm of Powdrell & Alexander, Inc.
Former Gosnold Mill directors and officers tendered
their resigna¬
tions and the following new directors and officers were named: vfty;
Joseph W. Powdrell, President; Allan Barrows, Vice-President and
Treasurer (he is the former Treasurer); James Bolton. Vice-President
and
Agent;
Albert
Blakely, • Clerk
and Assistant Treasurer.
Mr.
Powdrell, Mr. Barrows, Mr. Bolton, H. H. Rapp, of Danielson, Conn.,
and Henry J. Nichols, Vice-President of the National Shawmut Bank
checks
receiving
stockholders are
$417,194
10.
p.
earnings
Net
and Directors—
The
$393,027
■
$36,379
—
160,
Gross
$1,821,141 $1,558,339
stock$6.47 ft
$5.54
Gosnold Mills Corp., New Bedford,
accordance
169,789
$34,246
Hackensack Water Co.
months ended June 30, 1944, is subject
to renegotiation, so far. as it arises from Government contracts.
How^
ever, it: is not expected that renegotiation will materially affect' the
.income as reported, if at all.—V. 160. p, 9., >
cers
$586,983
156.528
stock
pfd.
on
—V.
1943
NoJte—Net income, for. the six
1944—6 Mos.—1943
12 Mos., '44
$14,556,241 $13,336,757 $23,760,239
2,082,486
1,318,248
4,114,610
2,109,420
2,030,381
4,199,019
Period End. June 30—
Maintenance
$549,554
13,633
'
income
Balance
„
Operating
$47,879
9,485
"
-—
deducts'.—
■
4,890,637
^Amount earned per share of common stock
(& Subs.)—Earnings—
General Telephone Corp.
225,000
1,025,111
$51,377
taxes
6 Months Ended June 30—
—
period——.——!
for
income
121,863
$41,892
for
other
&
Grpss
Net
1,455,361
304,500
1,070.382
24,000
income.
Gross
share on the
Amount earned ,per.
2,214,914
18.750
77,105
and
deprec.
amortization
profits
excess
income,
157,342
157,537
expenses
for
Prov.
1944—12 Mos—1943
$4,139,351 $3,292,456
1944—Month—1943...
$354,777
$301,077
1
revenue
Operating
$5,225,913
.V- 137,502
t
.>
domestic
and U. S, capital stock taxes
the. compand had 148 stores irt
the same month -last year.—V. 160;
1944,
Co.—Earnings—
Gulf Power
Int.
134,649
—
of July,
month
the
alphabetical
1944
$6,846,427
^
-
Sales Off 5.9%—.
1944—Month—1943 ,v
1944- 6 Mos.—1943 i
$5,153,311 $29,688,524 $30,342,975
Period End. June 30—
Co.—Income Account—
operations——
t!
160, p. 326.
During
always
not
>
a
acquired
be
operation, as compared with 151 in
p. 223.
'
alphabetical
par
$4,850,602
Net
Ended June 30—
from
Depreciation
Foreign and
$1.50
divider^ of
is
at
amount, of not exceeding $3,002,877- in
the unpaid purchase price
under a conditional sale agree-
face
to
Period End. Julv 31—
■
'
issue
to
but not in payment of,
Sales
Divs.
$6 cumulative convertible preferred stock (optional
.stock dividend series), payable on Sept. 1 to holders of record Aug. 15.
In lieu of cash, stockholders, at their option, may receive common
stock at the rate of 44/1.000ths of one share for each'share of pre¬
ferred stock.
A similar distribution was made on March 1 and June 1,
last, and on March 1, June 1 and Sept. 1. 1943. while oh Dec. 'X, 1943,
the
corporation paid a
dividend of $2.75 per share in cash, or
12l/l,500ths of a common share.—V. 160, p. 327.
'
-
2;
company
(II. L.) Green Co., Inc.—July
•
possible.
as
Gillette Safety Razor
«.
Stock or Cash-r
quarterly
usual
the
it
reasons
to arrange companies in exact
However, they are always as near
possible
order.
the
in
note
the
authorized
13
equipment
.ment.—V.
1
Refund Bonds—
hearing Aug. 29 on
a
NOTE—'For
declared
have
hold
July
on
certain
Provision
6 Months
directors
Divs.
-
evidence of,
further
of
will
ICC
promissory
$1,148,719
$1,340,034
The proposed purchaser, owning at the
present time in excess of $850,000 of first mortgage bonds; 5% series,
due
1978.
of Georgia
Power & Light Co., has agreed to buy the
$2,500,000 of new first' mortgage bonds at 103Vz% of par, and with
an
interest rate of 3%% per annum.—V. 159, p. 2416.
one year,
General Shareholdings Corp.—Div. in
Interest
223.
p.
Great Northern Railway—Notes—
involving the recapitalization of Georgia Power & Light Co.,
is made for reducing Georgia's present indebtedness
to
provision
Prcfit
General
—
160,
The
$2,500,000 principal amount.)
159, p. 2303.
•
W
-
—V.
31
;ft 1943
1944
vv;
$60,470
$59,300
revenues
$21,237,148.
total,
Traffic,
1943
$3,485,025
535.
p.
(W. T.) Grant Co.—July Sales Up 1.1%—
Sales
Jan. 1 to July
10 Days End. July 31
1944
1943
~
8EC
ceedings
$100,000; accounts pay¬
able, trade and others, $437,832; accrued accounts
(net), $651,866;
3Vi% promissory notes due Jan. 1, 1957. $2,046,000; reserves for con-t
tingencles, $192,171; reserves for employees' group insurance, $493;
collections from employees for purchase of U. S. war savings bonds,
$58,582; capital stock and surplus, $17,750,203; total, $21,237,148.—
Prov.
J.
160.
Period End. July 31—1944—Month—1943
1944—7 Mos:—1943
,
$12,311,015 $12,171,323 $85,572,733 $85,058,174
...
,
the company's proposal to
issue and sell, at private sale, to Northwestern Mutual Life Insurance
Co. of Milwaukee. Wis., $2,500,000 first mortgage bonds, the proceeds
of which, together with other corporate funds, are to be used to redeem
or
otherwise retire a like principal amount of the company's out¬
standing first mortgage bonds, 5% series, due 1978.
(At the time of
redemption it is contemplated that this will be the 'total aggregate
amount of such bonds outstanding.
In connection with pending pro¬
net income was $218,377,
1944.
30.
Liab'Jities—notes due within
-
1944
$3,920,932
July 29-
Sales'
(After deducting $300,000 for post-wai
provision for estimated renegotiation
Georgia Power & Light Co.—To
accounts and
notes
receivable, less reserve.
$1,970,974; dividend receivable, $40,000, inventories, $3,389,223; accrued
interest
receivable. $3,746;
post-war refund of excess profits taxes
(estimated). $4,421; miscellaneous investments, $17,814; investment in
^Northwest
Magnesite Co.,
$1,188,551
deferred accounts, $285,434;
repair parts, etc., $525,205; employees' war savings bond account;
$58,582; real estate, buildings, machinery, equipment, mineral lands,
etc, (less reserve for depreciation and depletion of $7,126,847). $10,-
per
.
Grand Union Co.—Sales Up I2l/z%-
*
$1.77
/
160, p. 535.
The
$552,000;
securities,
The
$1.09
Georgia & Florida RR.—Earnings—
Operating
106,227
Balance
-
$642,210■*?$1,004,443
4 Weeks Ended
^Includes
portion.
Period—
equal to 46 cents per share, and compares with earnings of $373,101
during the corresponding period of 1943, or 79 cents per share.
• .
V.
$1.70
■
share..—
per
the
983,089;
$962,264
$2.02
and a corporation which owns the en¬
tire outstanding capital stock of The Yankee Network, Inc., are not in¬
cluded in the earnings for the 1943 period.—V. 159, p. 1862.
V *Ofr 469,713 shares of capital stock.
For
$1,209,560
com.
on
Note—The results of the operations of two
'
-
(est.)—_
tax
income
Net
8.583
Washington. D. C., for the sale of an
6,195
19,971
viz.. The Colonial Network, Inc.,
"V'i
income
Penn.
&
profits
125,000
its contract with the U.
has extended
company
of
Co.
.
88,831
"Includes excess profits tax.
5.023
90.836
305.934
3.495
21.951
10,680
*
19.244
;
deductions
taxes
'
S. Commercial
additional 15,000 tons o(
copper concentrates.
Delivery of this tonnage is to be made prior to
Ncv. 15, 1944. the company said.
Copper production of Granby in the
second quarter was about 8ft
below the first quarter rate of output.
—V. 159. p. 2197.
ft
f
V
The
*850,000
250,000
charges—
and Warren,
Mr. Hodgson
'
'J
Smelting & Power Co.,
Granby Consolidated Mining,
.
•
Ltd.—Contract Extended—
400,000
refund.
r
1.810
1.369
—
Interest
Fed.
14.149
*650,000
35.930
annually,"
$60,000,000
1 '
factories
retirement,
note
Other
288.187
279.215
8,583
profit
per sh.
refundable
,
,
:
premium
&
expense
on
etc.
35.235
422,458
147,630
107.478
$2,303,171
Mills
Stock
$4,078,915
712,351
41,078
570,416
$2,514,230
744,648
$663,085
180,239
9,423
$502,899
amortization
&
Depletion
Depreo.
Net
Earns,
vari¬
from
168,380
pref.
Miscellaneous
production of the Detroit
is currently about
concluded.—V. 159, p. 2416.
112.750.000
taxes— J
contingencies.
stock of
for
$3,855,655
63.548
profit
inc.
S
£3,300,000
inc. tax./
'
,
"The combined volume of war
O.,
$1,609,324
340,272
385,353
—
profits
Prov.
Divs.
22,481,094
sources
ous
v/
$4,722,508
with our own Detroit
coupled
$9,000,000. ft This,
of
equipment
post-war operations.
""
'$1,440,944>'$2,195,693
etc.
Aldora
4,197,559
and
borrowed
on
for Fed.
Excess
1944—12 Mos —1943
$21,210,617 $26,336,749
1944—3 Mos.—1943
$4,636,910
$6,124,445
operations
Other
,
$4,983,745
—
Depreciation
of sales & expenses
Cost
$4,475,275
247,233
Warren
plant which is considered one of the most modern mass production fac¬
tories in this area will give Giaham-Paige two excellent factories for
14,196.108
12,150,797
20,821,288
$4,259,005
724,740
oper.—
income
money,
sales
v
$16,391,801
-
29.108,322
—
income
Other
t
Prov.
General Refractories
;
-
sell.,
adminis.
expenses
of directors of General, held July 5, 1944,
it was reported that pursuant to the contract with D, -V. Edwards, the
company had acquired 983 shares of stock of Electrons, Inc., being
a l
of the outstanding stock of that company.
Upon motion, it was
iesolved, that there be issued to Donald V, Edwards, 10,051 shares of
the common stock of General, thereby increasing the number of issued
shares to 331,051.—V. 159. p. 1761,
Period End. June 30—
City Manufacturing Company, which becomes a
subsidiary of Graham-Paige# gives us exceptional manu¬
facturing facilities which will be extremely valuable in future opera¬
tions.
The Warren plant was constructed in 1942 at a cost for plant
of
stock
Cost of goods sold,
meeting of the board
a
Net
taxes.— $33,367,327
excise
<■
,
X'ft-ft- •
-ft-'
$25,296,563 $13,591,741
allowances
&
returns
and
of common stock.
shares
At
.
common
capital
"The acquisition of the
Mr. Hodgson said:
by Graham-Paige,
wholly-owned
1943
1944
'
;
]
Subs.)—Earnings—
1942 ft1941
General Tire & Rubber Co. (&
Listing of Additional
—
Stock—Acquisition—
Common
1
Signal Co.
Railway
General
Monday, August 14, 1944
$ FINANCIAL CHRONICLE
THE COMMERCIAL
626
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4307
160
1943, earnings for that period per share would have been $2.75 instead
the company
in exchange for 62,927 shares of 7% cumu¬
stock ($25 par) and acceptance for ex¬
change of 8,980 shares of 5%% preferred stock (with
warrants) was received.
•
-
of
lative preferred
Effect
to
Present
$3,000,000
6 Mos. End. June 30—
stock
800.000
55,000 shares reserved for
reserved for sale to executive employees.;
Continental
agent,
Transfer
Illinois
Bank
National
Trust
&
Co.
-
and
$17.50
at
Divs. Paid
113,908
476,074
1937
0.70
110,122
1.68
0.90
110,122
110,122
1.43
55,061
0.67
1942
1943
—
30)
June
(to
1944
"Based
the number of shares of common
upon
0.30
end
the
of
'
'
'
not
......
v
,
Listing—Company has
;
royalties and
sales,
et
3 Mos. Ended
i
other
Cost
of
rov.
for
_
$4,335,104
mfg. profit.—
11., gen. and adm. exp.
$3,443,783
ther
1
f
;
892,955
-Gross
Fed.
inc.
from
Income
Amt.
...
York
Fed.
for
•pv.
taxes
(est.)
1,479
5,078
.
9,089,190
Net
profit—,,
._r
,
rnings
V,
434,409
$1.67
share—.
per
$5.98
543,011
434,409
$1.58
ipital shares outstand.
$2,597,639
2,172,045
434,409
$725,686
543,011
$2,306,912
2,172,045
434,409
$5.31
1,298,282
$4,071,1&7
T0,738
$4,390,237
4.635
$369,166
$370,236
$4,081,845
$4,394,872
1,189,917
1,160,997
$2,891,928
$3,233,875
97,081.
;
'
$273,155
?:
■
"1942
$4,591,027
$3,438,906
$3,540,785
1.269,742
1,407,862
^
$2,169,164
$2,132,924
•;
•
,
her
241,801
202,095
$3,041,408
720,493
3,881
710,984
income
discount, etc
sh
feral
jv..
of assets—
sale
on
ss
and State taxes
1,174,672
2.354,520
$1,154,575
$1,031,278
18.B08
$2,669,674
52,100
$2,187,099
35,749
23,808
.
•
4'"
'* «•
'pL-
"
*
'
.
*
'
12,300
'
$456,406
$0.29
,
.
$828,334
#0.57
$1,173,708
$0.82
r <
t$960,141
253,844
253,844
"Prov.
■,
of
no
,
■■
■
■
■
■
,, ■
,
■
com.
•nings
per
514,312
$191,985
$252,424
658,198
tax
$2,437,722
;
$4,300,491
The
in
685,749
685,749
685,749
$1.14
SO .91
t$1.03
$1.12
share
+The revised net profit amounted to
stock.—V. 159, p. 1863.
$1,047,426,
$1.06 per share on common
'tV,
■m
(A.) Hollander & Son, Inc.
6 Months Ended
onsolidated net
rov.
June 30—
inc. bef.
Fed. tax.
for Federal inc. taxes
-
income
'
1 ''
"'l' '
-
<& Subs.)—Earnings—
1944
1943
t$835,753 t$l,018,257
"415,000
"695,000
$420,753
1942
$511,588
275,000
$323,257
$236,588
$2.01
$$1.54
$1.13
"Computed at prevailing rates, after applying entire year's excess
irofits tax credit.
tAfter depreciation of fixed assets and amortization
if leasehold improvements of $62,240 in 1944 and $62,415 in 1943 and
.ther deductions of $138,685 in 1944 and $143,170 in 1943.
$Had the
djusted invested capital base which existed on Dec. 31, 1943, been
ised to determine excess profits taxes for the perior ended June 30,
earnings per common share——
based
the
on
is indicated
tax
prevailing
be
to
1
declared
directors'have
a
Gross
from
Net
from
ry.
From
Gross
';
No
rates.
the
rate
107.2%
liability
Net ry.
.
railway
_
income.
oper.
,
.
160, p, 432.
the balance of
its
Revenue Act.
i
not- \
-
to
sales
the
for
the
increased
six
months
While this pro¬
1944, profits
of
of production.
cost
months officials of the company have
before a special panel appointed by the
the very
substantial
new
par¬
War
demands for direct;
increases made by the CIO.
The company has felt
stockholders and the public to resist there demands
wage
its
because of the disastrous effect on the economy of the
should be granted.
The hearings are now concluded
decision may be expected shortly.—V, 159, p. 2521.
and
a
they
,
Institutional Securities, Ltd.—Bank Shares Dividend
/
A semi-annual distribution of 2.75 cents
the
A
distribution
were
cents.
1.822
Bank
per
share has been declared
30 to holders of record Aug.
1. In 1943, the follow¬
Group Shares, payable Sept.
Bank
similar
ing dividends
56,619,262
16,118,325
11,618,885
due
consider
to
to
If
country
30,
81,009,873
26,951,132
11,585,352
of
These notes have been
release of the indenture covering
for the first six months of 1943,
increased
hearings
indirect
made on April
was
paid on these shares: April 1, two cents; and Sept.
addition, a 21/2% stock dividend was paid in
1943.—V. 159, p. 2636.
In
Shares, on Jan. 2,
Group
International Business Machines Corp.—Promotions—
corporation .on Aug. 3 announced the promotion of Byne B.
General Secretary to the President to Secretary of Manu¬
The
railway...:
redemption
several
past
in
Board
obligated
110,633,377 103,693,662
;
40,150,120
34,991,800
14,054,795
17,244,685
.
a
vigorously,
$9,457,687
2,441,908
1,684,478
2,146,601
the
the six months ended June 30 further states:
operations has been maintained at a high level
somewhat
For "the
Labor
$14,290,062
4,859,460
.1,689,922
5,249,113
6,701,929
1943, are as
for
of
indicates
ticipated
!
2,577,257
$18,567,220 $16,961,252
_
„;
months ending June 30,
have authorized
of capacity,
decreased
dividend of $1 per 6hare on the $2
first preferred
stock, par $1,
_
income..
$3,55
provisions of the Internal
report
duction
repre¬
January I7-
from
from
—V.
railway...
railway—...
oper.
$3.17
report for the year 1943.
"
._
#1.54
.
withstanding the shortage of labor and other adverse conditions.
Ingot
production during the first six months of 1944 was 1,856,235 net tons,
or
109.7% of capacity, against a production of 1,781,842 net tons/or
RR.—Earnings of Company Only—
^ 1944
1943
1942
1941
Illinois Central
$1.63
,
admiivstration expense and all charges for repairs
and do not refleit a proportion of the $1,000,000
"provision for post-war and other adjustments" as showp
The
31.
June-
7,811,000
$5,807,654
reported
The
participating
convertible
6,662,000
$5,171,418
earnings for the six
directors
under
for the periods shown.
due
,
3,068,000
serial notes outstanding, viz., $1,400,000.
on
Waters from
facturing.
will
He
serve
in
a
liaison
capacity
between
IBM World
Headquarters in New York and all its plants, working with Thomas J.
Watson, President, and C. A. Kirk, Vice-President in charge of manu¬
facturing.
Financing
'
The
SEC
hold
will
transactions:'
a
hearing
Aug.
23
on
the
following
proposed
Indiana
for cancellation
310
shares of 7%
preferred stock from its treasury.
-
cancellation of all the presently issued
preferred stock, Indiana & Michigan proposes-to accept the Indiana
General Corporation Act of 1929 and - to restate its charter in con¬
formity therewith.
The charter as restated will provide that the au¬
thorized shares of Indiana £c Michigan will consist of 250,000 shares
common
cumulative preferred stock
stock
and 1,250,000 shares (no par)
1
•
<•
'1'
member of the secretarial staff of Mr. Watson.—V. 160, p. 536.
International
Salt Co.—Earnings—
1944
6 Mos. End. June 30—
*Net
earnings
tEarnings
v
"After
per
all
share—
expenses,
1943
1942
1941
$274,349
$1.14
$344,264
$1.43
$245,202
$407,832
$1.02
$1.70
interest,
depletion,
depreciation
and
•
estimated.
tOn 240,000 shares capital stock.—V. 159, p. 1354.
Federal taxes.
Indiana & Michigan proposes to issue and
*
Interstate Department Stores, Inc.—July Sales—
'
Period End. July 31—
Sales
J
—V. 160, p.
'
1944—Month—1943
$2,876,301
1944—6 Mos.—1943
$2,957,167 $18,930,218 $19,414,476
119.
•
•.
,
Interstate Power Co.—Sale of Properties—
■
sell under competitive
bidding 120,000 shares of the newly authorized ($100 par) cumulative
(3)
a
and that Indiana & Michigan will also surrender
Upon the acquisition and
par)
The company also announced the appointment of Harold Christensen
General Secretary to the President.
Prior to his present promotion
&
quired be cancelled
($100
as
he was
'
'
Michigan proposes to issue notes to not more than
six New York City banks in the principal amount of $7,880,000, the
proceeds from such notes to be used to purchase from American Gas &
Electric Co. at its cost of $3,596,749, plus accrued dividend 36,017
shares of the 6% and 7% preferred stock o* Indiana & Michigan and
to redeem at $110 per share plus accrued dividends, 38,976 shares of
said 67c and 7% preferred stock of Indiana & Michigan now in the
hands of the public.
It is proposed that all of the shares to be ac¬
(1)
(2)
Net
tax
income
2,910,000
issue,
This reduction of the capital debt of the company will be
applied against its excess profits taxes for 1944 to the extent allowed
$0.70
above, .statement
the
■
*
this
#1,348,813
$1.73j,.-, $0.69
deducted
2,884,000
$2,512,396
share—,
per
annual
IV*%
27,674
1,574,341
353,851
503,783
1,578,374
252,668
4,390,649
$1,400,000 Serial Notes Redeemed—
384,822
26,226
Indiana & Michigan Electric Co.—Proposed
685,749
reported in 1942.
r
514,312
$172,932
stk. outst.
—
the
1,435,000
547,862
■
i
>
$2,659,022
maintenance.
previously
,:;-• ■<•
3,594,000
set aside for
in
502,843
4,868,667
-
excess
earnings
Note—Net
251,425
2,338,730
i
1,449,000
Fed.
"Aftetr deducting
•
-
-
tax
Earnings
>
$4,193,282
366,098
•
1944—6 Mos.—1943
$9,605,551 $20,088,928 $21,467,165
2,529,937
normal
profits tax
■»
$4,182,057
24,725
1,527,943
320,537"
1,003,818
»
...i
,
1944—3 Mos.—1943
$10,483,377
serial
&
depletion
for
Net
'
'payable Sept. 1 to holders of record Aug. 15.
The company announces
that this payment represents the final payment of the arrearages on
aforementioned. issue.
,
A
distribution of $2 per share was made on the first preferred
stock on May 1, last.—V. 159, p. 1973.
Net
$333,633
par)
accrued, $18,303; contributions in
$2,336,007;
earned surplus,
total. $27,607,388.
V
reserves,
$390,048;
paid and the company has secured
342,916
(est.)
2304.,
special deposits,
$757,911; deferred
;
.
/
$51,729;
expense,
;
and on July 1, 1944, the deposit will be applied
liability.—V. 160, p. 119.
...
Fed.,
income
#4,140,995
52,288
#4,117,945
64,112
— r
income
profits
excess
tax,
and
'
251,418
&
for
Prov.
Huyler's-—To, Wipe Out Dividend Accruals—
195,673
514,312
lurplus
<
interest
$87,212;
notes.
"Deprec.
and
$1,020,580
253,844
514,312
253,844
of June 80, 1944
as
discount
surplus,
this
bonds
on
and
1942
1943
'
$5,251,321
notes
taxes
$720,294
;
interest,
income
•"Net
$9,910,211
$7,948,293 $8,026,555
'
^: I1:
4,658,890
3,830,349
3,885,560
and depletion
retired and -abandoned
income
$608,354
Inland Steel Co: (& Subs.)—Earnings-
Months Ended June 30
interest, depree,—--$5,657,661
bonds, and
on
capital
extinguish
82,730
325,507
129,692
469,325.;
$456,073
#0.29
of 'debt discount h expense.
normal
sents
250,000
$941,088
$581,278
profits
excess
$1,063,219;
construction.
matured
13,051
792-233
766,192
32,067
69,067 *
:
406,340
avail.'for
71,208
'
$27,607,388.
Period End. June 30—
$2,721,774 ' $2,222,848
•
170,557.
180,993
6,526
395,882
6,150
383,077
76,089
171,400
-
•
72,266
\
-
,
-
incl. taxes
income *taxes)_
V
.
,
504.468
Note—$252,438 of the amount shown in special deposits is the deposit
with trustees in June. 1944. to
pay for interest due July 1. 1944,
funded indebtedness.
This amount is shown in the liability section
Int.
exps.,
Fed.
708.242
t-
504,875
'on
':7 *•
:
gen.
902,485
926,158
>
.
■
debt
total,
accrued.
of
as
disc.
debt
:-V
Amt.
for
874,746
$1,101,788
income
♦
v
969,205
964,103
:
1941
$2,906,698
Liabilities—Capital stock, preferred, $1,054,900; capital stock, com$5,250,000;
long term debt,
$14,425,000;
customers'
deposits,
current
and
accrued
liabilities, $140,956; matured
interest, $254,838; unamortized premium on debt, $27,849; customers'
.•advances for construction, $214,138; revenues billed in advance. $1,731;
to
com?:share_.
—V. 159, p.
875~570
569,318
assets,
'■['
1942
$3,080,858
1,113,658
$550,822
Federal
of
.,
earnings from operations.—
Net
675,221
its
of
2,086,801
for iInt.,
Note—Federal
$2,090,999
249,308
1,004,261
avertible pfd. divs.
nmon
dividends
i.
$2,335,019
for Federal excess
profits taxes (est.)—
let
$2,410,964
225,337
reserve
-
made
1,225,743
taxes)
Net profit
Earnings per common share..
•'
3ross
of
$108,349;' other
>
Federal
148,280
income
by-
<mon,
■
$4,273,899
Depreciation
$1,942,719
166,926
profit...
Operating
depreciation
1943
$3,165,524
504,875
1,610
for
unamortized
$58,246;
$2,234,837;
$5,024,194
90,472
Interest
1,591,208
$2,874,482
the
remainder
504,875
80,663
...'
refund
.taxes
7$2,380,318 ' $2,205,950
^Income from operations...
$3,533,927
1,716,546
profit on sales
the
1,126,001
».
Balance Sheet
debits,
1944—6 Mos.—1943
$1,050,086
Oper.- and
1941
Smtatetrative'"rap*—
:
1,109,144
taxes
available
$280,601;
Texas—Earning^—
1944—3 Mos.—1943
85,260
of
cumulative
1943
1944
local
"
war
,,,
$369,633
603
1944
Gross
Subs.)—Earnings—
Hershey Chocolate Corp. (&
'Oss
distribution
Assets—Utility plant, $24,720,lp8; cash, $658,492; U. S. Government
securities, $600,000; accounts receivable, $355,999; materials and sup¬
plies, $104,458; other investments, $11,943; prepayments, $7,899; post¬
3,678,670
4,012,453
1,270,229
.
$1,178,383
per
The
3 Mos. End. June 30—
*
1944
deductions..
Balance
V
T"
$56
;
.
1,300,000
250,000
—r
Consolidated Income Account for 12
1973.
159, p.
$191,675. and
liquidate
$3,371,505
charges_„_._^
,
308,979
106,958—
.
...
'
•
7,244,515
-$684,199
to
v-
deprec.
or
and
•
ividends
acquisition
the
;>
All Fed.
dividends
.
371,888
102,2fl6
oper.
Net profit "...
34,091
2,618,430
2,781,795
.
the
in
use
maint.
retirment
1,269,634
227,500
-
for
net amount of $25,796.
a
revenue_L_r_.:
Operating,
6,406.956
"108,333
108,333
income -taxes (est.)
Earn,
5,159
income
...
;Oross
.
Deprec. and depletion.
Prop, retired & aband..
55,250
10,869
approving
held
or
7
oper
&
<
462
4,663
order
an
thereupon
will
12 Mos. End. June 30—
_
1,300,000
depletion
Property
deductions—
amounted
$165,879, or
Interest
...
.....7
avail,
on
Amort,
936
cost
to
Joseph
Other
and expense
-
3,456,145
55,250
issued
4
Indianapolis Water Go.—Earnings—'
\
t
_
bonds and notes
Amortiz.
June 26/43
'ttlement of law suit..
iscell.
f
7,061,703
98,665
'
deprec.
$9,873,426
:
J '
1,673,301
691,268
125,743
:
,
$3,346,057 $11,758,026
contingencies....
prop, retired or
met)
«
1944—12 Mos—1943
;
- 608,755
$275,105
from
earns,
than
on
sold
'r
«•
Oper. & genl. cxps., ineluding taxes
(other
for doubtful accts.
and
ss
-
r
7
^
,
94,061
; ■
and depletion
Total
rov.
earned
a
as
ll
Other income
82,848
ef¬
&
taxes,
'.
....
Period End. June 30—
Fed;
3,490,582
be
heating
such
St.
for Federal
reserve
$900,000'
(Including Houston Pipe Line Co.).
1
27,810
-—
1944,
aid
$3,318,963 $11,605,266
27,094.
152,760
can
program.-
incurred
amounted
'
$1,683,836 $19,638,793 $18,343,779
$1,685,245
Houston Oil Co. of
r
$3,471,593
income
$9,000;
par)
1944—Month—1943
income..
'
oper.
acquisition
construction
Electric Co. of all of the physical property owned
Heating Co. used
.
$51,156.068<
37,121,792
787,554
if such
its
■
•
deferred*'
$92,825;
miscellaneous
accrued
.Other income
Gross
served
of
and other purposes at a price equal to the cash
by St. Joseph in the reorganization of the company and
the construction of such properties less accrued depreciation as shown
on
the books of St. Joseph at the close of the month preceding the
-sale or. at a price of $35,000, whichever, is the lower. - At April 30,
$4,211,918 $15,095,808 $13,246,722
891,321
profit—
-
f
,
income.j.'.^.l
(other than
Gross
•
^
taxes..
160, p.
Year Ended
.—
$13,811,519 $14,873,448 $53,913,153
goods sold
9,289,274 10,474,182 38,053,607
depreciation.
187,143
•
187,348
763,698
' f
»'*' 'r
charges-**.
Net
—v.
,
revenues.
oper.
being
now
completion
Aug.
on
for
cost
and equipment,
wells
$694,712),
1944,
($1
income...^..—
Int.
^
,
_
proposed to be applied by
the notes to banks in the
are
of
payment
'
$368,310
Gross
Years Ended
July 1,'44
June 26,'43
July 1,'44
.
?.
Subs.)—Earnings—
—_3 Mos. Ended
♦
'
Period—
$12,773;
of
$7,267;
rev.^.I
.Interest
•
J Hazel-Atlas Glass Co. (&
r
operating
of its
applied for the listing and registration
5 l/i%
cumulative preferred stock, with warrants, on the New
Curb Exchange.—V. 160, p. 431,
i
other
|;v";
'
•'
<
!
-
deferred
Other
all outstanding 7% cumulative preferred
exchanged for 5Vz% cumulative preferred stock, with war¬
rants.
" «•(;
j
Net
•
Use of Proceeds—To redeem
stock
*
S
%
now-
stock
faction of advances in the amount of $222,401 and in exchange for
all of its capital stock having a stated value of $300.-^V.
160, p. 119.
^
,
Sl$l,250 per year.
SEC
Joseph
steam
'
at cost;: $12,500;-oil leases, at cost
.
and excess prof, taxes
All
stock outstanding at
year,
at cost,
q.t posted field prices,
Wyoming-California Petroleum
$507,500),
stock
result
of /accelerated
use-of properties.—
Amort., deprec., renewals
and! replace,
reserve
appropriation..
Provis. for iFed. ^income
f
total preferred
The
1
~
Houston. Lighting & Power Co.—Earnings—
pairs
■
< '
*'
dividends payable on the 27,500 shares of
cumulative preferred stock, with warrants, now offered, which
will
be the only preferred stock outstanding after the contemplated retire¬
ment
of all 7%
cumulative preferred stock outstanding, amount to
the
1944'
crude oil,
to
1863.
T 0.80
.
its
common
surplus,
Operation."7
0.90
1.62
surplus at
Maintenance
iProv.i for 'maint.,re-
0.80
0.95
472,585
;
1.59
1.86
518,888
1941
110,273
225,081
1940
110,122
535,030
.«
110,135
581,176
—
1939
$15,000,000
and
to stockholders in years prior to 1930 in excess
dates of distribution, 0r$5O3,542; total, $784)498.
capital
Oper. 7 revs.—electric
0.75
1.53
485,798
510,009
1938
preferred
American
of
129,024 shares.
discharge its obligations to its creditors- (othqi than to American Gas
Electric Co.) and dissolve, transferring its assets, to consist of cash
in the estimated amount of $218,691 and preferred stock of Indiana
Michigan, having a par value of $3,000, to American Gas in satis¬
7-1. period End.' June'30—
$0.05
1.48
$3,773;
the
to
Indiana & Michigan
$0.03
U. S. Treasury obligations,
$11,194;
advances
depletion of
the
of
sell to
remainder
'
v
$0.98
for
159, p.
*1
Common
Common
$114,682.
$353,327
...
and
tax,
f
I
Per Sh. of
Preferred Per Sh. of
Consol.
Net Profits
Years—
Sheet, June SO,
dividend payable on July 25,
—V.
its
Divs. Paid
receivable,
of
the
to
property
and
The
$0.02 t
$0.30
banks, $417,299;
accounts
investment. in
of -earned
before Sept. 30. 1950,
"Net Profits
in
sale
the
consisting of
$6,880,000, to the acquisition of certain utility properties in
the
near
the
amount
Michigan
stock
Acquisition Approved—
$0.02
v
-
&
of
$3,000,000
common
of
to issue and
proposes
of
amount
proceeds
by St.
$362,572;_ distribution
Record—Company has realized net profits in
history,, with the exception of approximately 13
following its organization- in 1919.
It has paid
quarterly dividends without interruption on its preferred stock from
time to time outstanding since original issuance in 1925, and on its
common stock since the initiation of dividends in March, 1921.
1936
or
the
unissued
estimated
fected,
;
:
income
immediately
Calendar
9,000
Condensed Balance
reserve
the
amount
$18,663
$5,429;
Earnings and Dividend
of
18,000
*$2,599
Liabilities—Accounts payable,
r
principally in financing the sales and
other current operations of manufacturers, distributors,; dealers, mer¬
chants and others, by purchasing or making advances on their accounts
receivable notes, acceptances, instalment paper and other obligations
or
documents or otherwise; also in making direct loans or advances
against inventory,
machinery, equipment, chattels,' real estate or
other tangible and intangible assets; and in otherwise lending funds
and giving financial aid to business concerns. ^ The company's assets
consist almost entirely of receivables and obligations acquired through
its operations, and cash and Government securities.
year
18,000
$14,599
cost.-(less reserve for depreciation
charges, • $1,199;4 total;-$784,498.
Business—Company is engaged
months
$27,663
(.outstand-
1
(less
;
every
$15,401
18,000
-
at
.
therealter but on or
share
per
$32,599
$20,219
Co., $198,000pmarketable securities,
warrants expire.
the
when
of.
share
.ri
Assets—Cash
$38,012;
The
Indiana
' "
share
on
shrs. of cap-
stock
'$696;
cumulative preferred- r stock will
carry a fion-detachable warrant" entitling the holder to purchase two
shares of common stock at $15 per share on or before Sept. 30, 1947,
Warrants—Each
(5)
$2,219
-i.
,
:.:W
payable
annum,
per
1941
company.
Michigan also
in
authorized but
>«Lossv•••'
Stock—Entitled to cumulative, dividends
quarterly March, June, September and
December,
Redeemable in whole or in part- on 30 days' notice on any
dividend date at $110 per share prior to Oct. 1, 1945; at $107.50 per
share thereafter but prior to Oct. 1, 1947; and thereafter at $105 per
share, plus accrued dividends. • On voluntary liquidation to receive
the redemption price then in effect, and on involuntary liquidation,
par
value plus accrued dividends.
Entitled to benefit of preferred
stock purchase fund.
s
:
—
.
$5.50
1942
&
Gas for cash
in
tax.
ing ($1 par).:.—...
Cumulative Preferred
5V>%
of
'
Indiana
bids thereon to fix the dividend rate and the
or
price to be paid to the
de¬
inc.
per
ital
:
10,000 shares
Registrar. Harrijs Trust & Savings. Bank, Chicago. •
of phicago,
and
900,000
254,172
*600,000
warrants and
preferred stock, the bid
.
,
,
1943
1944
Balance
Earns,
cum.
"Including
'
■
27,500
pfd. stock, with warrants (shares)
Common stock ($2 par) (shares)
5V2:
pletion
50 000
—
depreciation,
ing
Dividends paid
$3,000,000
1,000,000
1951
series A, due Sept. 1,
($100 par)
(shares
debs.,
Pfd.
V
>
Net profit after deduct-
Financing;
'
1953
4%
1148.
p.
Holly Development Co.—Earnings—
•
1, 1949 to
due Aug.
to 3%,
2Vir!«
notes,
159,
(4)
Authorized Qutstandg.
Serial
$1.54.'—V.
627
The
has filed with the SEC two applications covering its
sale of electric and water properties in 10 northwestern
company
plan for the
"Bemidji-Crookston" district and
Iowa and southern Min*
the
comprising
counties
Minnesota
purchase of electric properties in northern
nesota.
vv,Otter Tail Power Co., Fergus Falls, Minn.,
the
>
of
Bimidji-Crookston properties through the issu¬
of 3% series 1974 first mortgage bonds
12,901 shares of $4.25 dividend preferred shares at $101
101%, and
at
$1,500,000
of
sale
and
share.
per
the Iowa-Minnesota properties of Central
States Power & Light Corp. for $2,750,000 with proceeds from the sale
of Bimidji-Crookston properties.
The transactions would be a step toward limiting the operations of
Interstate to a single integrated system, the application said.—V. 158,
'
would purchase
Interstate
-p. 487.
-i.
a';'
/
The ICC
July 17 authorized the company to issue not exceeding
serial promissory notes, consisting of 20 notes in the
to evidence a loan of like amount, the pro¬
used to pay. a portion of the cost of constructing certain
$50,000 each,
equipment.
notes
The
are
J.
the
first
note
the amount of $50,000 semi-annually,
note to mature six months from the date thereof, and the
on or before 10 years from the date thereof.—V. 155, p. 52.
will mature serially in
—
amendments of
registration statement
Expenses relating to
Federal capital stk. and
—V.
3.513
1,282
3,473
2,421
1,277
925
misc. taxes
—V.
provision for prior year no
longer required—.———-——
Profit (net) from sale of securities
$56,617
$51,940
$53,742
——
-
—-
Profit
2,100
Dr 156,236
$161,336
—————
69,867
$123,907
with
This compares with a net asset value, similarly computed,
$22.66 per share at Dec. 31, 1943, and $22.84 per share at June 30,
of
1943.
Sales Slightly Higher-
Operating
Assets—Cash
banks,
in
for
$2,993,619;
Net
income
—
-
-V.
$6,707; divi¬
securities purchased,
for
1, 1944, $40,176; other accounts payable and un¬
$2,851; accrued taxes other than Federal income
payable July
dividends,
claimed
Donald
W.
_
__
Bryant, Inc.—July Sales Up
urer
of
V.
continue
will
He
dicate
of
536.
p.
to
'
in
Department
Investment
the
head
V
addition
of
the
District
Empire
$6,350,387
2,749,918
Operating revenue
Operation
_
Maintenance
Provision
for
depreciation
federal income and
ChaT*™ in iieu of
and
320,777
•
excess
additional Federal
696,981
506,179
income tax
574,363
General taxes
79,383
1,994,351
949,121
$82,259
the period
$756,277
$1,384,583
356,532
356,532
566,317
earnings from operations
—V.
20,950
$2,296,433
454,200
$2,750,633
2,031,207
$719,426
24.5%—
__
Fed,
expenses
$1,405,786
644,910
695,248
$670,708
Net
Net
income.
334,903
stock,
Dividends accrued
on
___
$375,635
$0.91
preferred stocks
_
__
Earnings per sh. (412,000 shs. of
159, p. 2636.
common
$0.81
stock
1944
$36,088
1943
$38,769
$0,45
$0,50
$0.30
cents
of 25
payable
$5,
par
with
cents
30
1943.—V.
1,
share has been
per
declared on the common
5.
This
cents on
2522.
Earnings per common share
—V.
159,
p.
Jones & Laughlin Steel Corp.
Period End. June
♦Total
30—
of
earnings
war
Deduct
Est.
6,781,440
392,301
412,260
787,329
825,074
5,101,950
5,178,000
11,500,000
income
Net
$1,879,835
$0.71
$2,411,248
$3,588,187
Net
profit
Prov.
before
$1.32
deducting all expenses incident to operations.
outstanding.—V. 160, p.' 536.
(E.)
Kahn's Sons Co., Cincinnati,
Offer—
Ohio
tOn 1,602,488
—
The
new
159,
to
the
issue of 35,000 shares of
the termination
of
5%
capital—V
the exchange
period.
share and accrued dividends, all of the unexchanged shares
160
pr433St°Ck
ThC balance
for
use
operations, and
been
exhausted.
^-V.
159,
p.
in
860,916
that the
Alaska
connection
that since
Kennecott
ore
no
1252.
with
line
the
$981,489
deductions
to
$4,174,01
1,076,01
1,550,76
731,73
1,550,763
197,203
$815,51
X V
mechanical
it
reasons
is
always
not
companies in exact alphabetical
are always as near alphabetical
arrange
However, they
possible.
as
250,000
$465,416
$403,456
$0.51
$987,430
to change
$0.67
$0.59
share—
asked
is
for
carrying
redeemable at $50
issue
an
pa
no
$2.50 cumulative annual dividend rate an
a
share.
a
Approval is also asked for a change in name of the present no pa
B stock to common stock and an increase in authorized share
class
the
receive
stock
each
class
unpaid
stock
of
as
of
new
A
which
dividends
amounted
to $19.50
share of
a
th
1.
Aug.
affect operation of the sinkin
for the retirement of the company's present funding stock, whic
1938 has been reduced from 27,325 to 12,069 shares.
recapitalization
letter
his
that
the
shares
t
X. each class A stockholder will be entitle
preferred stock and 1 share of commo
share held, plus surrender of rights to accu
plan,
proposed
1.4
for
mulated
A
to
not
will
plan
stockholders,
A.
C.
pointed ou
McCord, President,
of preferred and common to the class A holder
immediately receive the number of common shares t
issuance
upon
will
latter
privileges
class
on
entitled if they were to exercise existing conversio
A.
In addition, preferred stock obtained in th
exchange insures the former class A holders a preferred position as t
dividends
the event of
in
and
liquidation.—V.
160,
13.
p.
McCrory Stores Corp.—July Sales Increased 5.81 %
1944—Mbnth—1943
Period End. July 31—
1944—7 Mos.—1943
$5,172,072 $36,091,648 $35,339,62
$5,472,429
;
July, 1944, the company operated 202 stores,
In
in July,
1975.
p.
,
some shorter form.
of 37,947 shares of new
corporate name to
the
$587,908
$1.21
Recapitalize—
Aug.
on
preferred stock,
757,297
620,230
have
been
three
consider
the same number a
1943.—V. 160, p. 225.
;:
McKesson & Robbins, Inc.—Retirement
Co.—Changes in Plan Asked—
asked by New York Public Service Com¬
suggestions with respect to the company's
■.vv;X;
A
employee retirement plan
?
To leave to the
by
.
from $5 to $1 a share.
the disposition of the
stocks under terms of
Public Service Commission
writing down the company's
&
Gas
Electric
Corp.
which is non-contributory and would operate under th:
provides for the payment of retireemnt income t
—V.
13.
160, p.
McLellan Stores Co.—July Sales
authorized recently by
Federal Judge Vincent L. Leibell to dispose of its entire interest in
the Long Island Water Corp. to John M. Lancaster, Chicago, for a
base price of $825,000.
The sale will be made through the NY PA NJ
Utilities Co., which owns the water property.
One condition of the
sale is that 6% interest from Jan. 1, 1944, to the closing date of the
sale on $825,000 is to be paid by the purchaser.—V. 151, p. 2354.
Associated
method,
Period End. July
Authorized—
Long Island Water Co.—Sale
which affects some 4,000 workers wa
eligible employees who have reached 65 years of age, and under certai
circumstances to those who have reached 60.
(See V.- 159, p. 2199.
recapitalization plan.—V. 160, p. 433.
the
Plan Voted-
on June 16 by a majority of the holders of the outstandin.
stock, William J. Murray Jr., President, announced.
The program,
trustee
(3)
created
approved
common
Commission for approval.
X'
give, preferred stockholders a vote.
To reduce stated value of common stock
To
Los Angeles
Up 4.4%—
1944—Month—1943
31—
1944—6 Mos.—1943
$2,835,285 $17,338,417 $16,360.14
$2,959,257
Sales
was
To Vote
on
Recapitalization—X
will
stockholders
The
vote
19
Sept.
on
approving
plan
a
of
re
capitalization whereby the dividend rate on the preferred stock woul
be reduced beginning Nov. 1,
1944, from 6% to 5% per annum an
issue reduced from $110 to
1947.—V, 160, p. 434.
the
redemption
same
per
share on
1,
Railway Corp.—Earnings—
Period End. June 30—
Operating revenuesOperating expenses
Depreciation
Net
1944—Month—1943
$1,814,355
price of the
and after Nov.
McVittie-Graham
1944—6 Mos.—1943
$9,698,930
6,619,303 4; 5,823,564
963,250
857,478
$10
960,045
143,423
1,116,932
160,376
;
income
$322,631
acquired originally by
company's Alaskan mining
was
-(
Gross
Int.
on
company
to
1,715,819
CO., Ltd.
••
$1,302,069
tributed
on
$235,124
$1,349,961
7,707
449
426
936
$327,584
$235,573
$1,303,005
40,204
49,845
$1,358,093
254,177
$1,103,916
$959,518
•
of
income
funded debt—
343,487
the
Net
—V.
income
160, p.
_
12.
$287,380
$185,728
to
turn
be formed
Xf
the
basis
McVittie-Graham
chiefly
new
The
shareholders
share
of
one
Mines,
share
Ltd.,
of
held.
Conwest
All
for
other
each
five
assets,
share
consistin
Sudbury district, will be transferred t
for 350,000 shares of stock in the ne
the new company will be distributed t
properties in the
company in return
of
company.
bodies in the Alaskan mines have since
longer requires the steamship facilities.
over the balance of their holdings to a ne
under the name of McVitttie-Graham Minin
'
A special general meeting of stockholders will be held on August
to approve or disapprove the proposal of the directors.
The compan
now
holds 746,330 shares of Conwest and 700,000 shares will be dis
$3,017,888
1,767,697
58
Miscellaneous income
Canada
has announced a plan to distribute 700,000 share
Exploration Co. stock to its shareholders, to wind up th
and
$3,117,658
4,895
Interest
Toronto,
company
Conwest
321,389
Concern—
Operating
The
of
$556,512
$537,047
214,416
operating revenue
Ltd.,
Mines,
Plans Distribution—
$1,659,981 $10,700,211
company
Taxes
corporation has sold its 100% stock interest in the Alaska
Steamship Co., to Skinner & Eddy, of Seattle, Wash., for an undis¬
closed amount,
E. T. Stannard, President of Kennecott Copper Co.
announced on Aug. 5.
Kennecott
492,435
250,000
(2)
be added to working
Kennecott Copper Co.—Sale of Steamship
said
to
reserve
This
Stannard
$815,511
775,381
4 announced that a special meeting of stock
holders has been called for Sept. 12 to vote on a recapitalization pla
225,000
371*000
These are:
-
Mr.
$981,489
538,006
__
preferred stock.
tP/i°,Cnec*s fr°m tbe sale of tbe unexchanged will be used to redeem
at $110 per
666,156
411,591
directors
mission
taken in exchange by the old stockholders will be of¬
public by the underwriters, at $50 per share and accrued
after
48,311
taxes
Long Island Lighting
The
;
shares not
fered
dividend
677,701
2,534,673
prof.- tax
income
exc.
profit
^Earnings per
The
Company, meat packers, Cincinnati, are offering to holders of their
outstanding 7% preferred stock, the privilege of exchanging that stock
for new 5% preferred ($50
par), on a basis of 2>/sth shares of new
stock for each share of 7%
preferred.
The exchange period will be
open from Aug. 9 to Aug. 16.
An
underwriting group headed by Westheimer & Co., Cincinnati,
the
______
75,000
Net
Exchange
„
_
has underwritten
223,768
—-
-
26,655
220,873
-
against wwj con¬
contingencies—
—V.
$2,739,162
538,005
775,381
610,265
$3,805,467
1,076,012
3,458
dividends
dividends
which they would be
X;-'X
3,146,278
1,468,419
1,473,776
for
$2.09
♦After
shares
$2,714,72'
1,454,96"
4,33
_
McCord Radiator & Mfg. Co.—To
In
1944—9 Mos.—1943
,619,589
$5,893,876 $16,329,997
chgs.
charges u
for
$4,810,617
$1.05
i
815,511
$2,298,334
The
1944—3 Mos.—1943
sales
(1)
tEarns. per sh. on com.
$2,989,956
1,346,273
The directors
fund
recapitalization plan which is now before the
inc.
;
$1,392,889
809,173
NOTE—For
An
7,525,294
2,761,000
,
$1.55
.
3,516,503
for Fed.
prov.
x
:
3,910,794
& excess profits taxes
1943
$673,796
Subs.)—Earnings—
$6,038,881
Net
$8,943,930 $11,441,961 $17,078,810 $23,917,131
charges
interest
$1,489,161
of period—
additions
1944—6 Mos.—1943
facil._
emerg.
$4,251,10
1,536,38
Sales
(& Subs.)—Earnings—
1944—3 Mos.—1943
Deprec.,. deplet. & amort.
$4,571,950
1,581,994
possible
since
Prov.
Vice-President.—V. 160. p. 536.
a
$2,196,125
803,236
income
Miscell.
to
2084.
Liquid Carbonic Corp. (&
Prov.
elected
1944
..$626,750
$1.4%
,•
tract
Jewel Tea Co., Inc.—New Vice-President—
William C. Macey has been
Sub.)—Earnings—
—
Depreciation
elected Vice-
796,925
from 303,400 to 306,523.
,,
•
'Co. (Ore.)—New V.-P.—
$2,286,086
Authorization
Aug. 15 to holders of record Aug.
paid on Nov. 1, last year, and 20
159, p.
below
DeKoning, former Production Manager, has been
President in charge of production.—V. 159, p. 639.
$4,041,75
209,35
income
Miscell.
Distribution—
taxes—
after
Interest
Jantzen Knitting Mills
$4,210,584
361,366
Income deductions
$26,768
share——
6 Mos. Ended June 30—r
—V.
Paul
$2,094,774
101,351
Other income
l"?42^
30—
and taxes
Period End. June 30—
Balance
62,672
$2,093,932
192,154
order.
Lion Oil Refining Co. (&
334,903
.$335,805
—
1,749,141
taxes
income
oper,
Gross
1944—12 Mos.—1943
$9,203,631 $19,685,231 $17,288,89
4,734,417
10,019,629
8,684,64
661,051
1,193,236
1,155,97
575,561
1,197,192
1.118,31
1,140,761
2,939,983
2,183,637
57,066
124,606
104,56'
taxes
income
end of period..
—.V. 159. p. 2522.
1864.
dividend
Sept.
$710,538
Income deductions
prof,
excess
State
Bal..
above.—V. 121, p. 458.
Electric Co.,
common
per
159, p.
A
.
$1,315,618
__
Subs.)—Earnings—
1944—6 Mos.—1943
$10,242,686
5,116,548
Taxes, other than inc.
605,036
Federal income taxesi_
615,356
and
Jlet
______L—
Gross income
for
Louisville Gas & Electric Co. (&
Period End. June 30—
Bal., begin,
Light & Cold Storage Co.—
Line Material Co.—25-Cent
$1,274,839 T- $1,378,637
40,780 ,(. ,i ^7,149
•
Income—
stock
pfd.
to
.
13.
p.
Under
Other
$82,458
applicable
160,
Preferred
after all chgs.
earns,
Earnings
'*
Net
88,849
charges
income
position
compares
:
47,068
profits tax
excess
1943
$6,058,921
2,616,668
294,140
708,710
674,712
_______
profits taxes.
$2,333,704
Light'& Chemical Co.—Earnings-—
Lindsay
Net
1944
$2,759,628
Syn¬
—
12 Months Ended June 30—
$161,642
160, p. 328.
6 Months Ended June
Co.—Earnings
24,161:
$171,307
Gross income
Corp.—July Sales Rose 19.4%—
1944—Month—1943
1944—6 Mos.—1943
$6,870,213
$5,751,918 $40,875,857' $36,855,022
Lerner Stores
.
Iowa Public Service
$2,309,543
747
Period End. July 31—
Sales
duties as Treasure***—
his
to
$2,758,881
115
___
\
Lawrence County Water,
—V.
companies
group
160,
$i61,527
1,632
Common
America, Inc.,
Investors Syndicate.
$169,675
Total
160, p. 224,
See
elected Treas¬
Net oper. revenuesOther income (net)
___
1944—7 Mos—1943
$1,708,846 $19,564,428 $16,835,448
$2,127,978
—V.
of the Investment De¬
affiliated com¬
in charge
912,352
775,777
1,300,437
Operating
1944—Month—1943
Sales
Syndicate—New Treasurer—
Green, Vice-President
756,490
1,384,392
Net
$160,482; capital surplus, $1,476,total, $3,369,524.—V. 160, p. 224.
partment of Investors Syndicate and its subsidiary and
panies, Investors Mutual, Inc., Investors Syndicate of
and Investors Syndicate of Canada, Limited, has been
1,329,145
64,661
112,758
Operating revenues
Merger—
Investors
127,984
67,864
136,287
160, p. 119.
Lane
taxes, $1,965; capital stock (par $1),
218; earned surplus, $1,681,125;
199,633
approp,
taxes
retir. res.
406,817
$2,632,854
2,018,212
—
—
income—
gross
Period End.July 31—
payable
Liabilities—Accounts
dend
Federal
Other taxes
668,300
$614,643
.
from
60,142
$194,045
$944,210 $13,079,457 $10,797,973
477,280
6,850,549
5,499,864
488.349
302,929
$2,178,397
454,458
——
26.856
7
1944—12 Mos.,—1943
1944—Month—1943
$1,061,808
810,151
21,100
income
income
Gross
$70,584
taxes—
1765,
P.
990,100
income
Deductions
interest and dividends receivable,
securities sold, $1,881; investments,
for
159.
433,109
tax;
income
State
20,525
$79,892
& State inc.
537,532
817,090
gross
Operating
$361,555;
receivable
total, $3,369,524.
accounts
$12,470;
6,529
13,467
deductions
3,130,555
341,944
Provision
Louis
7,544
$281,043
$97,844
6,735
Louisiana Power & Light Co.—Earnings—
—V.
544,455
retirements
and miscell. Federal taxes.
receipts license tax
for Federal income taxes
Balance Sheet, June 30, 1944
.
—V.
$8,173,668
3,318,515
expenses
local
State,
1943
1944
$8,644,711
—
,
Maintenance
for
$273,499
! 1,523
*
$99,888
Balance
Co.—Earnings—
30—
•
.
1,858
for Fed.
Net
asset value per common
share.
per
Prov.
Divs.
Non-operating
net
Income
$96,321
$98,030
income
Gross
95,000
85,773
.
___'
Operating Income
23,750
21,424
% 23,750
-
22,119
.
Other income
Interest
Operating revenue
share outstanding at June 30, 1944,
securities owned valued at market prices at that date, was $25.87
The
$106,510,453
1944—Month—*1943
1944—7 Mos.—1943
$9,516,661
$9,507,301 $66,872,449 $65,187,530
Laclede Gas Light
*$99,619
♦Loss,
replace. & retire.
renew.,
rn
Prop,
12 Months Ended JUhe
St,
107,593
1944—7 Mos.—1943
1944—Month—1943
$15,290,925 $15,809,665 $110,350,283
-
Provision
Tax
for
Taxes, other than income taxes
Operating revenues
160, p. 224.
Provision
Profit
Prov.
Operating expenses
160, p. 224.
Sales
$89,513
28,102
$85,176
27,342
$85,103
29,158
-
-1
Sales
(S. H.) Kress & Co.—July
1942
$88,092
1,421
^
1,965
j—...
_
the
last
power
expenses
Maintenance
Period End. June 30—
Dropped 3.3%—
(S. S.) Kresge Co;—July Sales
Period End. July 31—
1943
$83,211
1944
$84,316
30—
Dividends from investments in stks.
Interest on investments in bonds...
6 Months Ended June
Total Income
Purchased
Operating
American
that
stated
letter
Period End. July 31—
America—Earnings—'
Investment Co* of
Expenses
advanced.
the more than $1,500,000
1944—3 Mos.—1943 .12 Mos., '44
$582,313
$532,784 $1,987,047
' 39,664
'
34,815
154,061
348,781
319,652
1,196,255
49,968
36,823
182,460
X->
'
Operating revenues
I
in the denomination of
date of issue, will be pay¬
Incorporated, or order, and will bear
per annum, payable semi-annually. The
& Co.
rate ol'2Vt%
P.
at
the
called upon Kildun
legal proceedings to
Smelting agreed that if Kildun
stockholders interpose no obstacle to its claim,
it will pay the cost
of liquidation and dissolution of Kildun and will pay up to $96,288 to
provide a distribution of 10 cents on each of the 962,886 shares of
Kildun stock held by its stockholders, other than American Smelting
& Refining Co.—V. 156, p. 1417.
in serial form
issued
be
Morgan
to
interest
notes
.'
to
further exploration, and had
advances to it and had instituted
of
futility
repay
and will be dated as of the
$50,0C0 each,
able
Authorized—
on
be
to
ceeds
to
The
of
amount of
the
collect
Interstate RR. (Virginia) —Notes
$1,000,000
Whitney added that the American Smelting & Refining Co. had
to its satisfaction and that of the Kildun board of direc¬
Mr.
demonstrated
tors
Period End, June 30—
7
Sept.
on
.
would pay a base price
the
for
$3,000,000
ance
■'
will vote on the proposed dissolution
of the company.
/vV'.X'r/- •'
*
V
Arthur E. Whitney, President,
informed the stockholders that the
American Smelting & Refining Co. over the past several years had
advanced more than $1,500,000 to Kildun for exploration, development
and diamond drilling.- In 1934 American Smelting invested $990,000
in
Kildun. for which it received 600,000 shares of stock, or about
38% of the total outstanding.
stockholders
Sub.)—Earnings
Louisiana Ice & Electric Co., Inc. ( &
Proposed—
Mining Corp.—Dissolution
Kildun
The
Monday, August 14, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
628
of
for each
shares
the
10
old
in
McVittie-Graham Company
old shares
held.
on
a
basis
of
on
Volume
Marshall Field
&
Prof,
before
rental
tax__
7 4.403,276
Net, prof,
-
-
decline
inv.
Balance,
■■
? 5,962,9$0
,
5,707,198.
//'
$2,095,091 t$2,508,953
"
'
-
+1
* 500,000
500,000
$763,633
$2,008,953
*$1.06
''
$2,095,091
*$0.53.
$0.85
deducting
and
last
5%
•>
At
then
Life
Mutual
stock
the President.—V. 159,
to
for
Bank,
sufficient
amount
an
not
City
E.
exhaust
the
opers.
after
before
but
prov.
gain
other profit
on
and
transactions
Net
&
Co.
doubtful
for
Other
5,000
•Includes
July 31, '43 July 31, '42
645,403
900
3,833
of
11,831
_•
59,441
- ■
-
$1,204,771
12,804
$421,568
2,801
$1,217,576
7 - 32,805
$424,369
1,698
surtax45,000
and
44,000
19,393
643,000
783,000
264,030
.
.
.
1943
tAfter deducting pest-war refunds
Mid-Continent Airlines, Inc.—To Increase
The
Mexican Light & Power Co.,
as
W.
earns,
Oper.
exps.
$0.26
$1.15
160,;
$307,661
$136,386
—
p: 120.
'
/■
■
$670,234
7
't
Operating
Net
revenues
income
operating
Other
income
after
exp.
and
taxes
(net)__
—
—
—
—_
——_
deductions
Income
—
preferred
on
Balance
-V.
——.
-
159,
p.
-
cate
per
$2,596,549
$2,420,278
The
stock
for common
annually 20%
investment bankers headed by
net
fiscal
more
finish
pending.
■
\
the pre-war period the corporation enjoyed diversified out¬
lets for its products, the sale thereof being principally to the manu¬
facturers of automobiles, trucks and tractors; internal combustion and
Diesel motors; oil-well drilling equipment; airplanes; certain house-
hole? appliances, such as refrigerators, vacuum sweepers, washers and
ironers; farm machinery; electric and hydraulic pumps; motorcycles;
mill machinery; printing presses; textile machinery, and ordnance,
Corporation was forunate in that there was no serious problem in
converting from peace-time to war-time production.
The war-time
use for its products and
still continues to furnish its products to its customers
changed
only
the
the corporation
which they are
now
using in the war effort rather than in the former purposes.:
It is to be noted, however, that in recent years the business operations
and financial results of the corporation have been affected by numer¬
ous factors, among which are
progressively higher costs and tax rates
i
•••*-'•.*
••
Statement
•
;v'—;
410,000
678,200
Crl0,468
Cr38,971
$378,604
$607,741
$722,026
$0.45
$0.54
inc.
V/' $369,917
$3.30
/•;
$0.27
1975.
Operating
Prov.
$483,477
$458,933
201,486
250,323
3,172,978
37,750
37,500
451,500
93,273
1,187,038
$82,750
$77,837
$889,086
24,514
23,087
$5,116,816
$5,700,602
280,494
expenses
for depreciation-
for
1944—12 Mos—1943
1944—Month—1943
:
taxes^
'!
161,491
2,281,944
r
441,000
1,370,675
Gross
Int.
deducts.—
$58,236 /
income
Net
<
income
other
&
Divs.
stock—
pfd.
on
20,693
20,693
/
$608,592
$54,750
>
,
$1,023,197
288,328
-)■
■
248,316
$734,869
248,316
Z
'
Balance
$37,543
$360,276
$34,057
-
$486,553
14.
160. p.
&
Mississippi Power
Light Co.—Earnings—
of
i
Federal
Other
>
Consolidated»income;
:
•
:
1944—6 Mos.—1943
$6,620,234 $4,647,623
$3,616,141
$2,569,079
$6,658,079
$4,679,509
Unci.
■„
retlr.
prof,
472,372
2,384,780
113,364
1,442,900
--4,296,000
90,632
218,974
2,508,400
159,143
$643,797
$563,175'h)$l>U'99,904
Net
income
144,290"'K«* 429,600
;—
5,252,109
<
754,433
799,270
-
1
revenues-—
oper.
746
136
4,977
807
$123,849
$78,519
$1,593,255
$1,686,837
Interest
charges
90,653
76,246
991,409
914,354
$2,273
perold
$601,846
393,804
income
Net
income
Divs.
applicable
pfd.
to
$33,196
stock for the
Seeks to Refund 5%
/
$772,483
402,867
Bonds—
to the Securities and Exchange Commis¬
at competitive bidding $12,000,000 first
1974 and $2,000,000 promissory notes. The inter¬
est rate on. the bonds will
be named by. the successful, biddejr.
A
hearing will be held on Aug. 16.
- .
.
Proceeds are to be used
to redeem at 102'/2 and accrued interest
has proposed
company
the
that
sell
company
the
first
company's
mortgage
5%
bonds of.
outstanding in the
1957,
principal amount of $15,000,000.
The Electric Power & Light Corp.,
the parent company, proposes
to transfer to Mississippi 20,182 of the latter's preferred stock which
had
it
would
of the
purchases
with SEC authorization.
which will restate the
made
canceled by Mississippi
be
stock entirely owned by the parent to $4,750,000,
common
$2,500,000 at present. This increase is accounted for by transfer
value of the surrendered stock from preferred to common
face
of
account
stock
p.
through
acquired
shares
These
and
surplus.—V.
transferring also a portion of
by
Missouri Edison Co.—Earnings
Operating
inc.
&
Federal
lieu of
in
$338,169
210,160
221,380
4,455
18,944
18.278
6,900
7V
taxes—
income
$324,127
49,545
6.50Q.J
2$,350
21,707
$68,672
$72,295
Fed.
profits-
exc.
$76,968
4,755
—
expenses
than
1944—12 Mos.—1943
1944—3 Mo3.—1943
$80,900
50,995
revenues
other
Taxes,
Charges
$807,770
Net
1944—12 Mos,—1943
1944—Month—1943
$780,642
revenues
inc.
4,509
188,457
2,315,893
1,793,300
1,621.746
77,374
919,036
ret!
Prop,
62,500
62,500
750,000
750,000
577
574
6,908
approp.
limited-term
$294,639
$315,192
$3,397,326
$3,547,466
1.225
350
9,494
Net
income
$295,864
$315,542
$3,406,820
$3,554,988
charges
135,271
125,262
1,579,557
income
Files
income
Net
229
$72,523
$12 192
160,
;
24,742
6,432 /
$44,133
$10,112
•'
28,530
$43,994
3,216
:
3,216
12,866
12.86G
$8,976
stock divs.
—V.
/
-6,100
-
_
$6,896
$31,267
$31,129
120.
p.
_
——
__
*
Service Corp.—Acquisition—
Missouri Public
$160,593.
$190,280
the
for
period
$1,963,840
$1,827,263
986,994
988,909
Recapitalization Plan—
"
Power & Light Co.—V.
160, p. 14.
Mohawk Carpet Mills, Inc.—Earnings—
July 1, '44
6 Mos. Ended—
14,332,710
16,287,187
13,310,876
10,793,001
operations-
on
$2,159,532
$2,173,831
$3,597,286
$3,100,668
65,648
99,496
68,829
57,515
$2,225,180
$2,273,327
$3,666,114
$3,158,183
1,558.375
*1,487,500
•2,800,000
•2,200,000
$785,827
$866,114
$958,183
exps,,
income
Other
Total
Fed.
etc.
of sales,
Profit
July 3. '43 June 27, '42 June 30, '41
$131893,669
$16,492,242 $18,461,018 $16,908,162
J
sales
Cost
company,
Service
Cities
See
Net
subsiidary of American Power & Light Co., has filed
a
recapitalization plan with the Securities and Exchange Commission.
t..The plan is designed both to effect the necessary adjustments de¬
manded by the Federal Power Commission, to reduce property account
;;to the basis of original cost, and to satisfy requirements of the
The
203
$68,875
1,591,148
applic. to preferred stocks
Divs.
76
$16,544
7,522
income
Gross
:•
deducts.—
other
&
Balance
revenues
oper.
Interest
Int.
Pfd.
investments
Other
*
6,876
-
78,701
....
res.
of
Amort,
_
income
939.922
151,515
—
43
$18,293
income
Gross
2,653,348
163,673
192,710
expenses
taxes
taxes
Other
$16,468
$18,249
income——
oper.
$9,519,358
$9,182,463
!
Other
160,
/V"/'•
14.
Period End. June 30-
250.840
225.,
p.
■/•/:
■
$9,361,842
■v
Income
*£>rj H'j;y
profits taxes-
approp.
$699,975 $10,334,550
Gross
$1,081,838
238,478
taxes
taxes
res,
:X~y'-/:://«a
•
from
930,128
a.rfs 943,200
474,200
—
,
L
taxes
value
exc.
State
St
tax),
taxes
1944—12 Mos.—1943
mortgage bonds, due
stock,
St cap.
1944—Month—1943
Period End. June 30—
on
1944—3 Mos.—1943
v
income
Federal
and optionally controlled
During
demand
redeem
31.886
160.
Net
Manufacturers who use
this process benefit from improved operating performance and longer
life of. their products.
Corporation's products are now divided into
four classes, namely, Micromatic honing tools, abrasive honing sticks,
workholding fixtures and honing machines.
Corporation owns
137 domestic and foreign patents relating to
honing and has approximately 26 domestic and foreign applications
surface
to
37,845
Operating
deduction of preferred dividends,
than $75,000, with respect to any
accuracy and size tolerance
in production manufacturing.
473,600
Crl8,657
share_
net
com.
revenue
Other
(a)
15,870
Operating
year.
close
proposes
Period End. June 30—
Co.
Business—Corporation, which was incorporated under the name of
Jeschke TOol Corp.. in Michigan. March 3 5. 1928, directs its principal
effort to the further development of the honing process to generate
extremely
246,400
taxes
$10.50 per share and may be
stock on a share-for-share basis, at any time
nor
213,756
mtge.
Period End. June 30—
Gross
Minnesota Power & Light Co.—EarningSr—
is redeemable at
$25,000,
189,858
183,043
-
f
870,000
excess
V.
of its net income, after
less than
but
one
Cr61,551
63,090
105,289
88,107
Cr2,242
Income
Operating
five
to
Cr72 476
and
$1,686,030
$1,332,678
$1,629,504
$707,465
$882,275
period
$0.98
$1.20
$0.52
$0.64
Earns, per com. share_
After providing for estimated refunds to United States Government.
days preceding the date fixed for retirement of such
preferred stock,. In terms of the sinking fund provisions relating to
the retirement of preferred stock, the company is required to deposit
prior
30,748
$1,764,869
-
$1,588,278
Net income for
share.
preferred
exchanged
63,201
$1,128,765
21,514
$1,001,925
$78,383
15,377
Net
Offered—An
Townsend, Dabney & Tyson and E. H. Schneider &
44,987
$629,700
$123,103
taxes
Other members of the offering syndi¬
include Cruttenden & Co., First of Michigan Corp.,
$10
'
J
911,408
'
$1,734,121
846,000
credits—
inc.
Fed.
Watling, Lerchen & Co., Detroit, on Aug. 3 offered 75,000 shares of 5% cumulative convertible preferred stock
at
$1,065,564
80,000
income
excess
of
$980,412
6i,ooo
Post-war refund of Fed.
group
$584,719
746,064
$2,553,209
Miscell.
1975.
underwriting
959,910
52,758
$3,600,764
prof,
120,000
Micromatic Hone Corp.—Preferred Stock
(net)—
'9,305,465
9,840,716
'
473,255
42,051
Canadian
$2,540,278
137,500
stock
4,807,264
,.-«•*
profits taxes
159, p.
The
Gross
$4,484,119
1,943,841
$2,734,049
income
; ^.,»/
1,321,474
profit from oper._
Other
:■
Net
*
■
5,068,311
5.832,734
Period End. June 30—
•Net
*■
Dividends
1944:—6 Mos.—1943
$6,260,931 $11,865,190 $11,950,295
77i *.■
\
$6,134,874
J '
United
subsidiaries)
86,593
Interim
$32,260,036 $30,123,380
4,477,548
4,280,245
32,442
203,873
1,775,941
least 25Ve>
402,241
(Including Domestic and Canadian Subsidiaries)
1943
$4,509,990
available
of
at
'
interest $400,000 first mortgage 4%
..t
Fed.
income
Gross
50%
225.
111,709
Minneapolis-Honeywell Regulator Co.—Earnings—
$988,890
1944
7
to
p.
wholly owned
indirectly
or
Canadian
mtge. bonds
per
sion
Michigan Consolidated Gas Co.—Earnings—
12 Months Ended June 30—
160,
$749,373
2418..
p.
2,058.952
,
limited
"411,510
Sept. 16, 1944, at par plus
bonds owned by Wisconsin
Electric Power Co. and pledged as collateral
to the latter company's
mortgage and deed of trust dated Oct. 28, 1938, and (b) to purchase
for cash at par for retirement 10,000 shares of its capital stock of
the aggregate par value of $1,000,000 from Wisconsin Electric Power
Co.
Wisconsin Electric Power Co. seeks authorization of the SEC to
surrender the bonds
and the stock on the basis described.—V. 159,
1944—3 Mos —1943
$3,047,842
2,464.033
be
Operating expenses
Company
accrued
$3,134,267
703,359
earnings
Net
—V.
*
$1,011,020
848,747
would
Power & Light
capital for the
capitalization.
stated
total
Operating revenues
chase Securities—
Ltd.—Earnings—
$985,133
until
company's
1944—3 Mos.—1943
/'
Consolidated
Prop,
from
oper.
the
aircraft," he said.
with DC-3
its-present planes
replace
to
planes have been turned over to Douglas Aircraft Corp. for re¬
conversion to transport requirements,, he added.—Y. 159, p. 1449..
$217,387
deprcc._
from
&
and
result of the delivery of three Douglas DC-3 transports,
President, announced.
"It is the plan of Mid-Continent
a
Miller,
178,141
$48,516
1944—Month—1943
Period End. March 31—
Dross
share
a
Facilities—
The
$395,523
(Expressed in Canadian Currency)
,
and
•-
oper.
on
income
on
—V.
will more than double passenger facilities within 60
corporation
days
settlement of claim for
tRevised figures;—V, 159, p. 1865.
property requisitioned In 1942.
directly
/. bonds purchased
25,467
.
$87,000 and $71,000. respectively, for the periods ending in
and 1944.—V. 166, p. 225.
$29,500,
1942,
38,200
,
provision for renegotiation adjustments as determined
and in prospect for 1943 and 1944, in amounts of $170,000,
after
gradually
arising
$105
$139,247
$357,771
$266,001
profit
1942.
of
.$1.36
$282,619
for
Gain
790
$1,013,442
$180,000 and $460,000. respectively.
$256,207
profit
at
481,844
inc.
on
Prov.
552,939
$1,001,611
tax.-
•And
333,711
Earnings per common share
,
Minnesota
on
prohibited
of
(inci
income
excess
Dividends
19,407
income
stocks
senior
capital and surplus together equal
stabilization
Int.
7 Mos. End.
Year End.
$2,538,683
1,861,538
254,787
.
tax
'
30,667
i
.
.
.
dividends
be
thereafter
deplet.)
income
Total
Milwaukee Electric Railway & Transport Co.—To Pur¬
Net
sales
and
profit
—V.
99,581
present
redeemable
be
total .capitalization.—V.
—_i
of
Net
6,758,225
accounts.......
income
profits
,
profits taxes—————
excess
plan
20%
expense
$8,612,233
profit—...!
59.817
$79,183
dividends
deprec.
5,373,557
charges
Net
59,776
$355,788
plan,
will
would
until stated
Provision
1942
profits taxes
for estimated Fed. income St,
Prov.
Cost
$6,929,007
income
$374,612
excess
the
least
States
less discts.., returns St
tExcess
(before prov, for Fed.
and
income
of
r Co.—Earnings—
Mississippi Power Co.
Other
*283,523
stock
(Including that of
Statement
Income
9 Mos. End.
operating
Total
11943
loss
the
of
Period End. June 30—
29,500
7
holders
Minnesota & Ontario Paper Co. (Minn.)—Earnings—
t
13,500
13,500
—
Other income
prices
$357,054
:
of
at
company's
Earns,
J.
Net income
the
-13,500
»,
sales„_
of
Provision
de¬
for
a
year's default In dividend payments holders of the
the right, voting as a class,
to elect a majority of
stock
equals
Common
of
this
for
return
date
terms
common
earnings
the 75,000 shares
17
7 April 30, '44
72.265
from
has
directors.
of
board
shares
of
Dabney & Tyson
•Gross sales,
1944
Federal taxes
Light
Canadian newsprint price
$301,595
revenues
and
\
&
the
of
have
will
Under
75,000
privileges
>
_
Selling, gen. & admin, expenses—
at
Power
payments of $6.66
and $3.33,
respectively, for
$6 stock so exchanged, plus accrued dividends
Selling, admin, and gen.
allowances
$1,160,435
of
sum
Co.
Power
'""7'
'
•
and
preferred
new
Co.'s
the underwriters and the respective
stock to be purchased by each are as
Period—
York, 140 Broadway, New York, N. Y.—V. 160, p. 434.
3 Mos. End. June 30—
Net
of
names
Comparative
Merchants & Miners Transportation Co.—Earnings—
Income
amount,
In
7%
Net sales
Schneider
H.
for
preciation
the
*130,945
;7
Townsend,
sinking fund debentures, due April 1, 1959, are now
exchange
for
temporary
debentures at the Guaranty
Trust Co. of New
Net
conversion
First of' Michigan Corp.
Definitive 334%
Total
this
the
of
the event
7-, Shares
Mengel Co.—Definitive Debentures Ready—
in
tOf
to
shares of preferred,
of
Normal
available
share.
a
responsive
Underwriting—The
$105.41% per share.—V. 160, p. 225.
to exceed
and
basis.
effective
the
The
stock
55
to
Rapids
'
•
American
plan would comprise 550,000 shares of ($10 par)
such shares at present.
receive/cash
share
preferred
number
Wall St.. New York, N. Y., and the
Irving Trust Co., One Wall St., New York, N. Y., retirement fund
agents, will until and including Aug. 21.
1944, receive bids for the
sale to either of them of 5%
preferred stock of the above corporation
to
to
working capital.,
Melville Shoe Corp.—Tenders Sought—
National
Pike
'
r
by
2,000,000
■
stock,-after payment of expenses, etc., approximately
$655,000, which will be added to the working capital and used in the
transaction of its ordinary business affairs in conjunction with other
844.
p.
of the
with
share
each
In
t210,000
Purpose—Corporation will receive from the sale of
of
Cost
The
(shares)
(shares)!
par)
$11.95
was
Cruttenden & Co.
Assistant
for
would
shares are
the pre¬
stock, on a share-for-share basis; 4,055 of these shares are
also reserved for sale to officers and employees of the corporation.
Were given promotions by the directors
July 26, according to an announcement
by Bertrand J. Perry, President.
Harry H. Peirce, Actuary, was elected Vice-President and Actuary;
Albert D.
Shaw, Financial Secretary, Second Vice-President and Fi¬
nancial Secretary; Ralph R. Coombs, Assistant to the President, Second
Vice-President;
H.
S.
Payson
Rowe,
Manager,
bond
department,
Second Vice-President, and Homer N. Chapin, Assistant Financial Sec¬
Co..
<7 *■*•>'
-
part of, the plan Minnesota's publicly held 7% and $8 preferred
stocks would be exchanged for new $100 par 5% preferred on a shafe
April 30. 1944, the book value .of each share of common stock
outstanding was $12.52 a share and the net tangible asset value
reserved
meeting on
Power
surrendered
As
ferred
Five officers of this company
retary,
($1
Watling, Lerchen & Co.
quarterly
consummation
compared
&
'**'
so
of $17,575,635.
The latter would still retain control of
through ownership of the -entire common stock which upon
value
Minnesota
.
Co.—Officials
Insurance
Light
Co.
Land
investment
The
book
* Authorized Outstandg.
75,000 •
■
75,000
.
pfd. stock ($10 par)
conv.
thereof
year,
Massachusetts
.7
-
cum.
*
profit
quarter
Water,
Topeka
.
.
.
Common
Promoted—
their
Superior
ex¬
Capitalization Giving Effect to Present Financing
follows:
at
greatly
guaranty by the War Department, under which the
became outstanding. '.
•
.
; ,v7
■ ■/
,
7
is computed on the basis of the Revenue Act of 1943,
but necessarily is an estimate/'—V.. 159, p. 1865.
69.5%
has
sales
,
?
McBain,
M.
second
"The
of
.
maximum
President, states:
in 1944 was adversely affected by an
additional $73,093 Federal tax provision supplementing that previously
made for the first quarter.
The 1944 Federal tax prevision, which
has been increased to 74 %
of our profit before taxes compared with
Hughston
.
volume
sales."'1
31," 1944, the corporation executed a bank
credit agreement with the National Bank of Detroit," under Regula¬
tion V of the Federal Reserve System, providing for a revolving bank
credit'of $2,000,000 for a term ending Sept. 30, 1945, and a 90%
guaranty by the War Department,
As of Aug. 3, 1944, the maximum
amount
which had/at
any
one
time been outstanding, under this
agreement, was $1,300,000.
This bank credit agreement superseded a
former agreement, dated Nov. 2, 1942. with the same bank, providing
for a revolving bank credit of $1,500,000 for. a term ending March 31,
reserve
$2,464,845
possible future decline in market value of inventories, and the balance
of net earnings, or $2,008,953, was transferred to surplus.
In 1944 no
comparable provision was made, and the tctal reserve for this purpose
remains at the 1943 year-end level of $5,000,000.
-
Its
peace-time
1944, with a 90%
for inventory decline.
tThe profits of
reported a year ago for the three and six
months' periods ended June 30. 1943, proved to be $22,215 and $44,108
too
low. respectively, in the light of Federal tax requirements not
accurately determinable until a later date.
The adjusted profit figures
of $1,263,633 and $2,508,953
are therefore presented for purposes of
comparison.
;< ■
///"
In the first six months' period last year $500,000 was reserved for
•Before
$1,241,418
Its'former
over
.
8.216,151
$1,071,757
$0.44
"
surplus
com. share-
per
1
8,058,041
;
^-^$1,071,757 t$l,263,633
for
Earns,
Fed.
after
:•/: tax
Res.
4,138,061
3,331,519:;: ,2,874,428
?rov. for Federal tax__
*
>
conditions.
war-time
as
panded
629
Bank Credit—As of March
$68,364,145 $64,165,400
$34,944,904 $32,723,491
income,
Fed.
■
1944—6 Mos.—1943
1944—3 Mos.—1943
well
as
&.Co.—Earnings—7-^1.7I
Period End. June 30—
Sales
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4307
160
(net)
income
tax
income
(est.)-
Utility Holding Company Act.
Public
The
not to be voted on by stockholders but
by court order after its approval by 'the SEC.
is
plan
effective
will become
Net
$666,805'
profit
Dividends
surplus as of April 30, last, amounted to $7,339,125.
This figure fell far short of the $19,264,222 amount which the Federal
Power Commission ordered charged to surplus to
take care of prop¬
531,000
531,000
536,450
543,500
Surplus
$135,805
$254,827
$329,664
$414,683
531,000
531.000
531.000
543.500
$1.25
$1:48
$1.63
"$1.76
Company's
write-downs.
erty
-
■
."
.
;
account the parent
company, American Power & Light Co., proposes as part ;'df the plan
to
donate to Minnesota 865 shares of 7%
preferred, 225 shares of
6% preferred, 878 shares of $6 preferred and 1,450,000 cqftfrrtorv shares
In
of
order
the
to
latter
preserve
company,
the
as
subsidiary's
well
as
surplus
American's
entli^'lhterest
frrp; l:,t
:
M
'
* C
in
Shares
Earnings
stock
out¬
($25 par»_—
per
share--—
'
.
•"
profits tax of $1,218,375 (net post-war refund of
$135,375)
in 1944.
$1.265„000 (net post-war refund of $126,500) in
1943 and $2,400,000 in 1942.
•Including
q- \
/•
———!'
cap.
standing
y
excess
:1ST.-V-J
» 'i
)
t-l
i
y-.'.i r n
/ C ':
>
.
-•
*-x ■
{less
banks and on hand,
less
(less
ment
Sheet, June 30
;
1944 ' Y Y 1943
j
$698,052 / $616,982
"Customers' accounts receivable—————— V; 1,130,136 ;
1,409,651
Other notes and accounts receivable——1'——.
56,605
21,340
Reserves for cash discts. St doubtful accounts
Cr94,748
Cr84,115
War contracts termination claim
94,604,
Inventories
—- Y
2,785.793 y 3,100,348
Assets—
depreciation
for
reserve
Cash
$21,870,524.
payable, trade, $931,564; customers' credit bal¬
ances,
$116,281; Federal taxes on income, incl. excess profits tax of
$2,308,750
(less U. S. Treasury tax notes on hand to be used in
payment of Federal income taxes, $2,777,484), $214,808; other accrued
taxes. $191,840; other accruals, $231,253; reserves against future de¬
cline in inventory prices, $1,520,000; other reserves, $700,000; capital
stock (par $20), $11,000,000; capital surplus, $424,113; earned surplus,
66,777,190; company's stock in treasury (19,800 shares), $236,531; total,
621.870,524.—V. 159, p. 866.
•>
Liabilities—Accounts
11
revenues -i—/
Operating
expenses—...
Federal
/
taxes
taxes
Other
-
—
ret. & deplet
Prop.
— Net
$497,627
5,529
Other
$6,659,666
109,162
$531,421
.
U.
\
•'
^
f;
,
Gross
Income
—
Interest
charges
—;
;
204,628
201,624
\~l\-
'V
.
V
,r(l
^
($1 par).
■
Y
■'Y;' ' ■ 'YY
'
1943, company entered into an agreement under Regu¬
lation V, providing for a bank credit up to but not exceeding $3,000.000.
To the extent that the maximum authorized credit is not used,
1,500,000
3,044,181
264,139 *;
-■
the company is required to pay
5anninnY.Y:..%:YYYY/YYY%
3.88%—r
$4,046,785
History
It represented a con¬
Batting Department of the California
Cotton Mills Co., of Oakland, Calif., and of the physical properties,
water
rights and business of Little Falls Fibre Co. of Little Falls/1
N. Y.
Both components of this consolidation had been engaged in the
manufacture of cotton batts and padding primarily used in the manu¬
facture ^of automobile upholstery and, in addition, Little Falls Fibre
Co. had been engaged'in the manufacture of wadding for the automo¬
tive industry and
other commercial uses.
■
/
.
—
Canadian Automotive Trim, Ltd.,
June 27, 1938.
* ''
Company's subsidiary,
v
,,
:
Credit—
To Sell Oil
Properties—
Hearings
•
4
.
held Aug. 8 by
were
American Power
by
transactions
Detroit
of
The Montana Power Co. ana Glacier Production Co.
presently owns and operates oil and gas production prop¬
erties and
a
gasoline absorption plant.
It also owns 32,894 shares
(32.42%)
of the capital stock of
Inland Empire Refineries, Inc.,
Glacier
has
securities outstanding consisting of $650,000 of notes
held
panies,
Thunderbolt.
and
•
owned
sell and American to buy all of the securities
Montana, consisting of the 6.000 shares of
$3,690,000 of debentures, for a cash considera¬
tion of $10,000,000 plus
adjustments for prepaid insurance, certain
automotive equipment, additions since date of. contract to sell, andnet current assets, and less an amount of cash computed at the rate
increase
Continental
owned
$60,000
{
will
American
of
notes
Glacier to pay off in cash the
interest held by American. American
then
cause
accrued
plus
then
160, p. 14.
<
;
-
Period End.
-—
Sales
160,
1944—6 Mos.—1943
26%
was
force
in
Insurance
Benefit
half
Total
$353,053
were
$11,578,079, as
On
June
Power
Acquisition—
Co.—Proposed
of
48%
a
the
Cost
Co.__
&
16,600
8,500
of
Burr
5.0001
2,500|
Co.,
Scott &
Co
Years Ended Dec.
%
31
1941%
1942
10,626,484
Other
1,059,955
16,300,325
931,913
2,762
4,305
3,565
$1,409,864
$1,511,419
18,610,976
administrative exps.
&
gen.
for" doubtful
Provision
accounts
221,390
$1,787,913
income
Other
.J/
deductions
Federal
normal
and
surtax
Excess^profits taxes
Provision
for
Canadian
inc.
$1,810,119
153,616
335,000
1
325,000
558,000
1,980,000
___
298,700
1
211,563
169,995
340,000
-
—\
915.7621
378,049
$3,519,132
„
U. S. Government holdings
&
1943
..
...
8,5001
6,000
6,000
Allyn St Co., Inc.--
allows.- $22,971,436 $18,646,408 $13,057,230
returns &
less
goods sold—
Selling,
represented
520.000
36,313
$522,089
$774,686
120,000
on
161,261
$897,606
tax.
120,000
131,531
account for
now
company's total admitted assets;
C.
$3,297,742
beneficiaries in the first
$2,822,217 more than in
Mutual Life's holdings
of U. S. Government
$808,066,000, .an increase, of $144,427,000 over the.'
year "ago.
& Co.
of
expenses
totaled
date
same
States
Cray, McFawn & C6
Ball, Burge & Co.___
.
The
30,
A.
Consolidated Income Statement,
the company in the first half of 1944
less than in the same period last year, amounting to
compared with $11,931,132 in the earlier period.
operating
Noyes
sales,
Shares I
Name—
\
Grubbs,
death
claims, while the remaining 48% represented "living benefits," includ¬
ing payments under endowments and annunities, disability benefits,
cash surrender values and dividends to policyholders.
—
M.
Hemphill,
Gross
of
half
first
the
securities
Mountain
last year.
The.
the first half of
of 1943.
Marks
1,000,000 policyholders on
increase of $35,947,398 over
amounted to $55,682,142, or
1943.
Of
this
amount. 52%
year
Laurence
on
number of |
the
16,610
Co
had
company
and
16,600
&
nearly
an
the
:
Shares
Name—
last year.
payments to policyholders and their
this
of
lives of
the
on
1944, stood- at $3,679,507,999,
June- 30,
that
names
Reynolds & Co
Schwabacher
the same month of
in
than
greater
contract
of the underwriters
shares underwritten by each follows:
the first half of
the company in
1944 was $3,492, or
-v.—-v
<£
by
size policy purchased from the company in
18% larger than in the first half
average
435.
p.
established
insurance
The largest other
30, 1944, was for $75,000.'
$674,182.
Underwriters—The
,
$91,806,542, an increase of $9,325,534, or 11%, over the
established in the first half of 1943.
In June, ,new insurance :
issued
41,811,462 280,299,546 302,342,971
5,354
43,8
"
Of
June
totaled
total
Sales Up 5%—
'V'
<j»
<t*
—V.
life
New
in
1944—Month—1943
2.6% '
paid by
1944
.
July 31—
was only
$3,193,874 have
the company.
In addition, there are pending claims for
$324,293 on the lives-of 121 policyholders who have been reported
"missing in action."
The company's experience indicates that a large
percentage of those reported missing are finally found to be alive.
been
gas
'
mately 50 war production contracts covering the various products sup¬
plied by the company.
Two of these contracts were for aerial cargo
chutes at an aggregate contract price of approximately $1,782,855; one
contract was for human chutes at a contract price of $728,440, and"
one contract was
for harnesses for human chutes at a contract price
,
874 war death claims for
start of the war,
approximately $3,705,183 as of Dec. 31, 1943, and approximately
On "June 30," 1944, there Were approxi¬
1943,
$6,073,643 as of June 30, 1944.
;
1944, the "company's war mortality experience
of total death benefits paid in the same period.
1941,
endedI
1942,
Company had unfilled war production contracts of approximately $13,084,337 as of Dec. 31, 1942, approximately $7,774,110 as of June 30,
first half of
the
Since the
accordance with the contract'
Montana and American,
* ; / —,y
facilities
Montgomery Ward & Co., Inc.—July
<
the
v
June'30,
in
1944, represented sale* to the Anny, Navy and other various
Governmental instrumentalities under prime contracts or subcontracts,"
of generally improved economic
••
estimates that approximately 9.03 % of its sales in
90.30%. in 1943 and 83% in the six months
Company
claims'represented only 2.9% of the total mortality claims
the year.
From the' date of Pearl Harbor through
War death
in
'
purchase of the Glacier securities between
of
—v.
Douglas said.
Mr.
production
of
June 30;
slightly higher than in the first half of 1943,
mortality experience was
$650,000/
will then:
acquire
will
Montana
and
convey
and
properties
production
The'report also showed that, because
the figure on June 30
will
the
carpets
82.77%
,
conditions, voluntary surrenders of Insurance were 27% less than in
the first half of last year, while lapses were 31% less.The company's
them.
American
:
.
Vy,
"
President.
acquired by American
<rom Montana and Glacier will transfer to American, in liquidation,
and dissolution all, of the above-mentioned properties, subject to any
/outstanding liabilities Which may then exist.
American will then sell to Union Oil Co.
of California the oiP
production properties and gasoline absorption plant and the 32,894
shares of capital stock in Inland Empire Refineries,-Inc., for a cash,
consideration eaual to the price to be paid by American to Montanaas above set forth exclusive of the payment for the
net current assets
of Glacier,
which will be retained for the benefit of American.
As.
additional consideration Union, as the successor in interest of Glacier,"
has agreed to enter into a contract obligating itself to continue the
development and operation of" the gas production properties to be
conveyed to Montana by American in accordance with the undertaking
to
that effect given
by American to Montana under the contract
'"
reduction
operating expenses were reported on July 27 by the company in its
statement for the'firs't six months of 1944, issued by Lewis W. Douglas,
the $3,690,000 of debentures
surrender to Glacier
between
to policyholders, and a further
benefit payments
in
of insurancejii,force,/an
business and in the volume
in new
produced nor purchased but
of silencer pads; the cutting and binding of
and the production of other items used in the interibr
automobile bodies, the manufacture of sisal batts and-l
batting for the upholstery trade, and the embossing of designs on the l
covering cloth for automobile seat cushions, backs and door panels,,
and on materials for other purposes,'
- ' *
" " *
eluded
in
V
Montana.
to
^
floor
per
conveyed
so
'
Manufac¬
both of New York and the
of Chicago are participating
of
purpose.
neither
was
credit.—V. 160, p. 225»
Gains
corsideration
tional
same
Mutual-Life insurance Co^—Business Up--: >
-
by
stock and the
month since the date of the contract to sell. As addi¬
American agrees to cause Glacier, to .convey,, orto
itself convey, title to the natural gas properties, of Glacier
to
Montana and to cause any successor in interest to the oil properties
to- continue the operation and development of the gas properties to be
of
(<
the Detroit Bank,, the
*
.
automobiles and also into interior door panels for the j
The covering fabric, or material, used for this purpose
was supplied to the company ,
by the automobile manufacturer.
Company was also engaged in the/
production of pads, padding, batting and wadding, principally used in;
the upholstering of automobiles.
The business of the company also in- ]
trimming
the • production of
Fortress, Liberator
-
organ-|
was
Ontario
of
Province
trimming
proposes to
Glacier
common
'
■
National Bank,
the Guaranty Trust,
Illinois Bank & Trust Co.
and
Trust
In the
Montana
-f
»
Manufacturers
The
turers
payable to American. $3,690,000 of debentures, 6s due 1946.
by Montana, and 6,000 shares of common stock (stated value $660,000)
also owned by Montana.
s
needed to finance war orders
as
the corporation, now primarily engaged in
assemblies for the Superfortress, Flying
by
air-frame
Glacier
of
be used
will
available,
immediately
in
/' / Company is engaged principally in a textile specialty business whose
products prior to 1942 were sold largely to the automobile industry.
This business prior to 1942 included the cutting and assembly of ma¬
terials into seat cushions and backs for installation in
the interior |
.
corporation has completed negotiations with the National Bank
for a $25,000,000 VT revolving credit.
The credit,- which is
The
the SEC on the following proposed
& Light Co. and its. subsidiary com¬
ized
America—-Arranges - $25,000,000 z VT. >
Corp. of
Murray
957,534
.
per
Automobile
the
of
•
$301,532
$32*6,793
Divs, applic. to preferred stock for the period
income
Net
of 1%
JA
incorporated Jan. 23, 1928," in
Business—Company was
and
solidation
operation
Julyr 1943,—V. 160,' p. 226.
in
fee of
authorized common
Delaware, and commenced business on that date.
1944—7 Mos.—1943 > ,
$6,697,322
$6,447,164 $45,716,142 $44,236,569 >
in July, 1944, amounted to 207, the same number
Stores in
A»
commitment
a
stock 200,000 shares are reservedf forissuance in connection with the conversion rights pertaining to the 6%
cumulative, convertible preferred stock.
•■•"<
'
/l
'
respectively,
tAfter
in 1944 and $300,000
shares.—V. 159, p. 1866.
|;
.W V'*' "* ^
J
1944—Month—1943
Period End. July 31—
•
"On Aug. 30,
1943,
and
1944
30.
^Represented by 140,000 no par
1943.
V1
June
at
• •
•
200,000 shs.
599.184 shs/
200,000 shs.
1,200,000 shs.
-Y
Treasury tax notes of $500,000-
S.
$1,200,000
stock
tCommon
due' tbder/U/ S. Gov-/
(G. C.) Murphy Cov—July Sales Gained
$6,731,174
2.684,389
$4,301,831
957,534
contracts
Sales
—;
;
•
■>
Outstanding
$3,000,000
notes payable to banks—— *
cumul. conv. pfd. stk. ($10 par)—
6%
$6,109,843/ $6,440,801'
———
deducting
$6,593,701
137,473
$6,768,828
2,466,997
14,366
$503,156
oper.
revenuesincome (net) —
464,196
"Including amounts of $264,348 and $575,327
ernment
2,103,593,
2,052,906
170,293;
$517,055
,
Capitalization After Giving Effect to Present Financing
;
Authorized
664,531
100,000
1,500;000
3,044,181
--
—
Total
/
in
168,200
—
—
4-
VY
tOf- the
res.
appropriations—--
contingencies
surplus
that the entire amount of the proceeds will,
working capital for war purposes
particularly in the automotive
.
/
anticipated post-war business,
for
field.
.
140,000,
—_
301,276
' 100,000
—
surplus
Earned
1944—12 Mos—1943
$21,892,802 $21,244,595
6,124.865
jj'^.199,
5,411,792^ 5,025,993
1,643,573
1,778,109
1944—Month—1943
$1,656,155.; $1,694,£57
441,031
467,686
413,611
380,196
135,686
159,727
Period End. June 30—
Operating
taxes
stock
JCapital
Capital
1
421,053
f
298,263
and local
State
-
——
——
—
Fed.,
for
Reserve
, ,
;
Stock
company's
the
increase
to
*2%%
—
payable
for
/ •
$6,440,801
/ $401,927 %% $306,898
expenses
tReserve
1
and
/
payable
Accrued
Subs,>-rEarnings---
...
.
" $6,109,843 '
■
Dividend
-
L-
patents, etc—
used
Bank of New-
stock is listed on
,
Purpose—It is proposed
-
1,013,068
-
Accounts
The offer¬
$6,310,000 due 1977, $900,000 due 1978 and $1,000,000
due in 1981, all priced at 66% Hat,
with a one-point concession to
NASD members.—V. 160, p. 569.
/.,
Montana Power Co. (&
1,020,977
Total
comprised
ing
Company
be
York and the
Exchange.
has made application to iist the above additional shares on.
these exchanges.
73,000
...
properties
Goodwill, trade-marks,
22,500
Physical
Liabilities—
bonds.
Listing—Company's presently outstanding common
the New York Stock Exchange
and San Francisco
185,731
.
to subsidiaries—
and advances
in
Investments
298,360
-
A.
N.
Wells Fargo' Bank
/
104,796.
97,562
—
—————,
—
of
and
Trust Company of New
Registrars, National City
& Union Trust Co.
Guaranty
Agents,
California,
Bank
York
,
Prepaid expenses, etc.
offering of $8,210,-
Blyth & Co., Inc., on Aug. 3 made a secondary
Pacific certificates of deposits for 5%
000 Missouri
i Transfer
banks and on hand
in
Other assetp
RR.—Secondary Offering—
Missouri Pacific
ft
Hemphill, Noyes & Co.,
Cray, McFawn & Co., Ball, Burge & Co., Grubbs, Scott
and Co., A. C. Allyn and Co., Inc., and Burr & Co., Incr
Balance
Comparative
etc., $165,234), $600,217; post¬
property, plant and equip¬
of $9,867,982), $4,281,524; total,
profits tax, $602,488;
include Schwabacher &
group
Co., Laurence M. Marks & Co.,
buildings,
inventories, $9,551,486; notes receivable,;
$235,164; investments, $91,325; prepaid ex¬
reserve,
of excess
refund
members of the offering
included in the income account for depreciation of
machinery and equipment, amounted to $55,909 in 1944,"
$52,556 in 1943. and $42,043 in 1942.
* ?■'..
,
Charges
(2)
J
(inch inventory of repair parts,
penses
war
.v,
$4,749,327; accounts receivable
$1,752,993;
reserves),
non-current,
1, 1941 ;
Balance Sheet, July
Condensed
Assets—Cash in
Monday, August 14, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
630
■
'■
Net
-
income
:
^
'
Securities and Exchange Com¬
owned and operated by T. W.
and Bessie E. Allen, trading as Mill City Light & Water Co.,
consideration of $75,000.
The Commission has given interested
The
Allen
for
a
to
parties
p.
522.-
Aug.< 12
to
request
A
,
The
certain
acquire
until
proposed to the
properties
has
company
mission
hearing
a
the
in
matter.—V.
total on
159,
Mountain States Telephone &
'■
revenues
revenues
expenses
Telegraph Co.—Earnings,
5,881'
3,244
28,736 >'
-
36,804
Net
Net
2,435.621'
746,394
-^
$406,700
income
$443,864
$2,395,557
266,120
operating
292,610
1,562,409
income
—V.
160,
$3,310,055 $21,094,389 $19,210,022
2,154,466- 14,586,461
i2,320.889
711,725
4,112,371
4,290.225'
$3,588,715
—
—
Operating taxes
*
$2,598,908
-1,707,544
307,724
Informal
for the
approval
new
plan
p.
Net
*
assets
$3,040,102
/
with securities at market quotations,
company,
applicable
1944,
3C,
June
2,265,425
to
were
The
net
value
asset
Six months ended
of
company's
June 30,
shares
cash
Net
Ended June 30, 1944
from
sales
of securities
taxable dividend distributions—_i
Narragansett Electric Co.—Files $31,500,000, Issue with
in
the
t
Company on Aug. 9 asked the Securities and
received
$66,4651
' / «'
as
2
Interest
Exchange Commission's
series A 3%>"first
in 1974.
The bonds would be offered under com¬
petitive bidding.
The proceeds, together with other cash, would be
applied to the redemption at 105Mi of the company's series A 3%' first
mortgage bonds, due in
1966, of which $31,732,000 is outstanding.
The new bonds would be Issued Oct. 1 and the old series redeemed
issuance and sale of $31,500,000 of
the
Total
1
$69,2841
•
-
——-——-———
l
5841
'933
>
_
Expenses
|
Y
>
—^
dividends
proceeds
10.41%
increased
1944.
Statement of Income G Months
Income—Cash
approval of
I
Shares
voting
outstanding.
undertake.—V. 157„
2351.
of
on
SEC—
120.
p.
120.000
256,437
—
/ Nation-Wide Securities Co.-—Quarterly Report-—
approved by the stock¬
has been received from,
the
Territorial
Public
Utilities Commission.
The program ' includes
issuance of
$3,000,000. 3lU %. mortgage bonds, series C, to redeem, a
4%
series A now outstanding, a $1,000,000 increase in capital stock
aud the issuance of series D 4% bonds up to $4,000,000 as. collateral
$3,315,936 $21,123,125 $19,246,826
$3,591,959
——
rev.YY
oper.
Operating
dividends
dividends
—V; 160, p; 570.
financing program of $8,000,000 has been
security for temporary financing the company may
•
Operating
Preferred
Common
(Hawaii)—Financing Program
Mutual Telephone Co.
holders.
1944—Month—1943,^-1944—6 Mos.—1943
Period End. June 30—
Operating
-
of
assets
v
A
Uncollectible
balance sheet as of June 30,
1944,.shows total
$1,683,194,778, an increase of $64,404,368 over the
the'Same date of 1943.—-V.'160, pv 120.'
' ~
company's
admitted
13.839]
y
mortgage bonds due
Munsingwear, Inc.—Earnings
Net
$5,517,605
4,496,648
sales
Cost
merchandise
of
1943.'"%
1944
6 Months Ended June 30—
sold—
$7,275,849
5,931,507
1942
$4,749,319
3,768,916
within
r
.
Oper.
.
*
$1,020,957
Gross profit on sales—
incl. adver., distrib.,
and administrative—
$980,403
$1,344,341
'
902,350
904,269
vY
least
160,'p. 14.
825.424
subsidiary
a
receive
V.
exps.,
general
Company,
at
of
New
the
for
103
*
Power
bonds,
Association,
application
the
;
Net
'
operating
profit
$116,657
Net
income
Provision
before
for
taxes
taxes
on
on
inc.
income
$441,991
3,959
:
6,548
$120,647
60,323
'
/
$154,979
9.245v
Nassau
The
$448,539
$164,224
"285,000
82,112
Suffolk
&
vately—
Lighting
Co.—To Sell
'
expects
states.—
company,
an
subsidiary
indirect
of
Bonds Pri¬
of
the
Long
Island Lighting
3'/b% bonds
Co., has made arrangements to sell $3,000 000 of five-year
two insurance companies, it was reported July 31.
Net income
$60,324
—
$163,539
$82,112
$0.43
—
Earnings per common share
$1.16
Approval of the sale, proceeds of which would be used to retire on
Feb. 1, 1945, $3,000,000 first mortgage 5% bonds, will be sought from
/
$0.58
the
"Including net Federal excess profits tax in. 1943, $198,000.
T
As
Notes—(1)
determined
refunds
are
thereon,;
the
by
The
result
in
contracts
company
contracts
which
respect of sales prior to Dec.
because
no
has made
are
31, 1942, under
excessive: profits
were
realized
sales subsequent
subject to renegotiation,
to Dec. 31, 1942,
but in opinion of
management no excessive profits were realized thereon
trill
be
'
date
Public Service
for
the
Commission
transaction
within
the
next
two
been set for Nov. 1.—V.
has
weeks.
Closing
160, p. 435.
stocky (par: 25
required.
and no refunds
National
Automotive
Offered—Offering
stock
was
per
86,310
made July 28 by a
—
The stock was priced to the public at
share and has been oversubscribed.
Other
Reynolds & Co.
$11.50
of
Common Stock
shares ($1 par) common
banking group headed by
Fibres, Inc.
sales,
$2,456,582;
payable
cash
cents),
and
on
the basis of applying first
held
$566,356;
Period End. June 30—
Net
earrings
accrued
'capital
total, $2,549,536.—V.
National Candy Co., Inc.
r
by Guaranty Trust
after
(&
p.
ac¬
-
$4,988;
capita.!
$1,611,636;
earned
expenses,
surplus,
158,
|
Co.
1174.
Subs.)—Earnings—
1944—3 Mos.—1943
1944—6 Mos.—1943
'
all
charges
and
taxes—
$212,654
$322,352
$430,176
$626,014]
"Earnings
per
share—
$0.93
$1.49
$1.88
$2.89]
> "On the
%
first
Liabilities—Accounts
Y
4451
64,3331
York, ■ trustee, $81,848; dividends receivable and interest
crued. $10,270; deferred charges, $836; total, $2,549,536. ■:%
>.
of
renegotiation proceedings it has been
War Department Price Adjustment Board that no,
payable
Government
tinder
a
.
New
to
'
■
Balance Sheet at June 30, 1914
"
against
$55
■
—
surplus, $366,555;
"'y:
.
—
y"
costs
,r
Miscellaneous income (net)——-—
(excluding security profits and losses)—-'—-
Assets—Investments at cost determined
•.;,'///■ .'YYY.Yp-'Y
'
YYY:.:
England
new
income
Dividends
•"'% / ~ Y
the. next 30 days.
to
Net
■;
of
192,815
Note—The income and
1944
to the
are
an
over
any
all 80%
annual basis,
refund.—V.
.
profits taxes for the six months perind
calculated at the rates provided by existing law, no effect]
being given to
on
shares of common stock.
159,
p.
excess
possible benefit from the
carry
back provisions nor
tax limitation which may or may not be
and no effect being
1976.
applicable!
given to the right for postwar
•-
Volume 160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4307
National Aviation Corp.—Earnings—
6 Months Ended June 30—
v
received
Dividends
-
1942
"
-
preferred
(810 par),
V
$117,137
$158,292
2,253
received
Interest
1943
8176,852
-—
6%
^
"
:
;
1914
,
V.
160.
($100
$10,327,700;
par),
stock
common
1
the
For
income
Total
£
——
$179,110
Fed.
normal
and surtax
tax
income
'
2,338
....
$117,552.
43,592
J
$160,003
37,921
-
37,999
Operating expenses—
!
————!—
Profit
;
inc.
normal
Federal
Est.
surtax
and.
taxes
298,257
•
$165,984
——
;
'
Net
divs'.,
Other
57,878
f7J $7,336
deductions
for
Prov.
;
<
$1,636,312
12,916
27,591"
$1,649,228
$1,230,754
9,291
81,585
—
taxes.
income
$493,253"
$673,473
12,278
$162,593
111,619
income
Net
Dividends
Federal
"Estimated
1
$362,460
111,619
:
$At 40%
tax on security profits.
income
$49,531
59,409
.eral excess prof, taxes
rate.
Cr26,600
$196,813
$205,975
.
$0.43
Net
,
Earns,
Balance Sheet, June 30, 1944
-
.
'
hand, $926,318;
Assets—Cash in banks and on
°After
securities
U. S. Govt,
reserve
'
;1"
kos.
6
Sales
&
Excess
profits
11,550,028
8,479,121
1,985,054
taxes—
sales-
profit ———J
Earnings per -share on,
|
J
j9,907,266
{6,339,586}
:
$1,642,762
$1,665,018
Net
stock -
common
-
-
$1,570,737
$1.02
_——
quarter
-660,363
/
$1.01
$0.96
share
a
for
the
ended
months
12
June
New
other
income
ft.,
cu.
an
increase of
1944
1943
$19,256,893 $18,268,601
9,798,037
9,261,934
1,312,241
1,146,120
1,695,795
income
1,673,631
2,043,592
plant & equip.*
prop.,
than
2,097,971
$4,088,945.
$4,407,228
income
128,438
87,059
$4,535,666
$4,176,003
*
*
-
396,138
342,976
$4,139,528
deductions
England
Prov.
83,833,027
1,988,130
2,033,220
income—subsidiaries-
from
&
Gas
for Federal
Net
Association—.
Electric
taxes__
Income
of
(Parent
328,480
568,699
585,030
Provision
48,421
54,909
$26,481
$50,815
$47,773
$73,989
Brl2,024
Dr213
Brll,230
$47,560
161,684
% 2,041
24,000
than
other
taxes
from
153.736
1,988,130
income
income_____.
2,033,220
:
oper.__
cn
Dr317
$62,739
20,000
for
1943
$2,611,500
$2,655,713
:
deductions
Only)
1944
Expenses ;__L
Other
24,656
Company
'' '
'
income.!
Total
$707,' 443
879,560
$920,247
income_____
Statement
$671,381
'1,003,890
$1,147,508
income
12 Monfhs Ended June 30—
1944—6 Mos.—1943
!•:.
952
Provision
(net)
Net
-V.
in¬
Domestic
1943.
30,
$38,791
$27,433
debt—
income
for
profits
Federal
for
income
15,077
taxes.,
160,
$413,430
$488,781
income
11,431
•.v-
570.
p.
Net
...
.14,700
..11,500.
•
provision for the 12 months period totaled $1,370,865 against
89,948,882 in the like period a year earlier and net sales were $102,tax
$15,933
income
"Includes deprec.
—V.
159, p,
chgd._
1976.
ended Aug. 5, 1944, as 62,309,477, compared
with 61,594,137 for the week ended Aug. 7, 1943, an increase of 1.16%.
territory for
$22,379
$27,56Q
$35,006
8,908
9,002
11,882
17,713
%
.
p.
trustee, Baltimore, Calvert
until 12 o'clock noon on
Aug." 25, 1944, receive bids for the sale to it of first mortgage 15-year
:?6%?'sinking fund- gold bonds dated Feb. 1, 1929,- to van amount suf¬
ficient to exhaust the sum of $7,100, at prices not to exceed 105. flat.
All bonds accepted are. to be delivered to the trust company for pay¬
ment not later than 2 p, m. on Aug. 30, 1944.—V. 141, p. 760.
and
435.
Telegraph Co.—Earnings—•
New England Telephone &
-The Mercantile; Trust Do. of' Baltimore,
Redwood
Sts., Baltimore, Md.f will
v
week
the
Comparable figure for the week ended July 29. 1944. was 62 6,<6n^'».
decrease of 0.507<? under the corresponding week last year.—V. 160,
;
a
,
National Sash; Weight Corp.—Tenders Sought—
.
the number of kilowatt hours available for its
The Association reports
taxes__
1.16%—<
New England Power Association—Output Up
3,753
1,712,/
and
$0.81
ended June 30,
i'f Net profit for the 12 months ended June 30, 1944, was $3,486,205
equal to $2.14 a share, compared with a net profit of $3,201,677; or
come
ov
.
Balance
Co.^-Earnings—
27,044
funded
on
excess,
i
234,987 in 1943.
$1.96
Other
is
$403,951
income
Total
.*
charges, provision of $1,476,854 for
'
business
281,857
income
Prov.
.
-
1944,
kwh.,
corresponding
568,798}
1944, net profit was $815,673, after
domestic income taxes,; reserves for
renegotiation and other contingencies, etc.
The above net is equal to
80.50 a share on the 1,628,000 shares of capital stock.
This compares
with a net profit of $780,521, or $0.48 a share for the quart: r ended
June 30,
1943, when domestic income taxes totaled $3,949,558.
Net
Sales for June quarter amounted to $24,807,447 in 1944 against $25.the
For
*
in
$335,382
——
profit
Other
$1,324,691
.
,,
company's
1944—3 Mos.—1943
sales
of
Net
.
Int.
'
*
$324,999
418,846,000
as
income—_•
Total
the
1941
$22,017,36?
6,482,149
691,131
4,126,000
the
of
part
.expense
$37,230,790
inc. taxes.
fgn.
1942
i
considerable
National Pole & Treating
''Cost
$50,074,418 $50,523,033
—
aft. deprec.,: etc.-
Profit
Fed.
1943
1944
End; June 30—
——
A
Selling, admin, and gen.
and War Zones)
Territory
Enemy
Subsidiaries in
(Excluding
$0.93
electric
reports
2,511,272
$146,512 in 1942 and $132,159 in 1941.
Period End. June 30—
•
(& Subs.)—Earnings—
National Cash Register Co.
of
depreciation
for
of
for
Earnings for First Half of Year
retirements'of
taxes
*
Net
-
for
for
Other
$473,579
contracted
directly or indirectly with agencies of the U. S. Government.
These
contracts are
subject to the laws regarding renegotiation and any
liability which may arise from such renegotiation cannot be deter¬
mined'at the present time.'—V. 159, p. 2639.
'
"
Note—A
%
for taxes,
$8,031; dividend payable—July 25, 1944, $111,619; capital stock (par
85), $2,386,373; paid-in surplus, $4,139,369; shares in treasury (30,8001
—at
cost, Dr$243,127; earned surplus since Jan. 1,
1938, $798,154;
total, $7,203,672.—V, 160, p. 120.
,
•
payable and accruals, $3,254;
Liabilities—Accounts
provision
deducting
$267,410 in 1943,
$450,000;
cost,
'
kwh.
above production of 418,614,000 cu. ft. in the
year ago.
a
Prov.
<
stocks in portfolio (market value $6,847,506)—at
average
cost, $5,761,518; investment in National Aviation Research
Corp. (75% owned)—at cost, $50,000; dividends and interest receivable,
$7,939; prepaid charges, $7,836; total, $7,203,672.
:—at
$0.41
Association
decrease
expenses
Maintenance
Operating
-
is reported
0.06%
or
Prov.
$265,943
$0.55
the
Operating
Crl4,000
profit,——
per com. share.
ft.,
Consolidated
Post-war refund of Fed?
a
12 Months Ended June 30—
Operating
revenues
1__
757,000'
1,370,500
is
52,008,366
:
225
12,785
.....
295,000
421,675.
1944,
31,
This
of
ago.
output in July
$1,203,163
$475,860
23,393
$664,182
_
year
cu.
July
kwh.
production
corresponding month
July 1, '44 July 3, '43 June 27, '42 June 28, '41
,
profit !—_—
Net
Gas
232,000
■
and
rents
miscellaneous
856,867
,
•
profit from. oper._
Int.,
Drl7,093
'
$420,339
*3,391 !%'
—
873,960
$122,082
27,211
securities—__
sales of
Profit from
8138,773
7.
—
(& Subs.)—
Castings Co.
Steel
'/!%!,■;!-*
3 Months Ended—
•
1
/_! Profit
Malleable &
National
Earnings—
a
ended
49,497,094
below
4.83%
month
'
"
month
output- of
;,
•»
Electric and Gas Output Lower in July—
.
capital surplus, $336,673; earned surplus. $32,-,
stock, Dr$5,612,626; total, $130,298,707.—
capital
15.
p.
414
1,711
B- stock
class
>
$30,983,100;
reacquired
388,818;
-
;
Uncellect.
revenues;..
Operating
$8,679,100
$8,495,732 $51,365,803 $49,814,903
5,904,323
1,569,541
$1,205,236
$1,304,987
773,868
827,752
taxes
33,425,181
8,679,841
34,964,330
9,085,549
5,661,802
1,528,943
expenses
Operating
43,588
51,140
7,918
8,656
Operating
.»
$8,503,650 $51,416,943 $49,858,491
$8,687,756
revenue
oper.
1944—6 Mos.—1943
1944—Month—1943
Period End. June 30—
Operating revenues
'
317,997 against $96,852,453.—V.
159, p, 1976.
;
York Stock Exchange has authorized the listing of 105,750
additional shares of common stock (no par), on official notice of issu¬
*
of
exercise
the
upon
applied for 6,360,097 shares. '/%!,',
stockholders aV their annual - meeting
of
board
Employees'
an
directors
in
may
Purchase
Share
held
April
on
*
the
of
and
corporation
are
not eligible
National
.
oper,
profits taxes '
Net
profit
—
—
Earnings per share on 2,045,451 common
—V. 160, p. 576.
•
1
J%-
If;!:-;!!:
■%:
..!
.
..V.
'•
.'.
6 Months Ended June 30—
Sales
Cost
"
_
—
—
of
sold,
goods
taxes
—
depletion-
——
_.
$8,834,372
Federal
Other
2,550,886
Other
1,005,699
income
^
\
;
Total income
Other charges.
./
V
Federal
income
to
Foreign
"<"■»'
_!—.—_—_
—
and excess profits
reserves:
'
ret.
taxes
.
.
''r
«.
.
.r
*
Total
income—
net
!
—
—
.
v.
-
Consolidated
Balance
'
60,900
730,000
760
revenues-
790
9,841
!
$212,696
$204,852.
$2,697,131
applic.
p.
3,855
(at.market quotations. $4,064,720), $519,435; accounts and notes
(less reserve for losses, of $1,151,527), $14,969,608;- notes
from employees, $37,036;- inventories,
$21,117,698; invest¬
ments in and advances to affiliated companies, less reserves, $3,808,627;miscellaneous investments; less reserves, $1,242,754; plant property and
ties
receivable
(including intangibles) (less reserves for depreciation and
$43,813,677),' $52,563,532: patents and
licenses, less
$63,825;
prepaid... expenses,
deferred
charges, etc.;
$1,157,067; post-war refund of excess profits taxes, $996,000; total,
equipment
'depletion
of
amortization,;
,,$130.298,707.,
%
•
-
;
-
Liabilities—Accounts
payable
'.
accrued
liabilities,
ICC
The
and one 6,000 horsepower
locomotive.—V. 160, pp. 15, 436, 570.
5
Aug.
on
$205,023
$2,700,986
purchase price of certain equipment
conditional-sale agrement,—V. 160, p, 436.
a
:
not
the
to be
1,080,788
$121,440
$114,800
$1,620,198
499,100
has
filed
an
with the
application
Securities and
pre¬
,
$1,803,529
preferred stocks for the period
corporation
stocks.
.
.
The petition states that if the plan is carried out,
Power
Corp.,
parent,
will cancel $20,550 000 owed
York
Power, providing" this
will not result In any
to New York Power.—V. 160, p. 121.
1,063,580
and
preferred
$6
Niagara Hudson
to it by New
taxable income
499.100
'
to
Corp.—Files Plan With SEC
The company proposes to exchange the new stock for outstanding
7%
and $6 preferred on a share-for-share basis, plus cash in the
amount by
which the redemption prices of $115 and $105, respec¬
tively, exceed. the proceeds per share to the company.
Company plans to sell at not less than par value any new shares
not
issued in the exchange.
The company would use the proceeds,
together with other corporate funds, for the redemption of unchanged
$2,867,109
90,223
$213,147
___!_!
>
,
Sales Off 8.16%—
1944—Month—1943
; 1944—7 Mos.—1943 >
$3,009,777 $19,123,899 $19,252,551
July 31— .
———L
$2,764,157
Employess—
which operates a chain of more than 100 retail,
U variety stores throughout the country, has extended the benefits of its
'■*
group insurance program to employees not previously eligible for the
coverage, Fred Neisner, President, announced.
f" The, plan,^-which;has been in operation
since 1939, will continue to
be underwritten by
the Metropolitan Life Insurance Co. on a co¬
corporation,
Y.
N.
•
121.
Group Insurance Extended to
This
■
Hartford RR.—Notes—
authorized the company to issue at par
promissory notes in further evidence of
/
;
Queens Electric Light &
&
Power Co.—Earns.
Mos.—1943 "
1944—12 Mos.—1943 *
$7,849,686 $7,165,963 $30,484,096 $29,234,624
3,995,462
3,771,015 15,488,922 15,100,692
318,997
249,723
1,153.208
994,862
578,000
586,000
2,469,000
2,613,000
1,722,661
1,670,002
6,718,473
6,960,758
Period End. June 30—r: " 1944—3
revenues.,,,!
Operating
Operating
expenses
Maintenance
Depreciation _!___
"Taxes
-
:_r
—!
'
$3,565,312
5,944
Operating income—_
Non-operating income—
$1,234,566
1,960
$889,223
1,939
$4,654,493
5,851
>
$1,236,526
331,873
$891,162
331,555
$4,660,344
1,296,873
$3,571,256
1,297,030
$904,653
$559,607
$3,363,471
104,575
$2,274,226
104,575
$3,258,896
$2,169,651
,
'
•
1
operative basis .Whereby the employees contribute
the employer bears, the balance of the entire cost.
.*
The
least
life
plan
12
to
of service.
is. now
months
insurance.—V.
open
160,
p.
full-time Neisner employees with at
The benefits range from $500 to $7,000
all
the corresponding
week
—
Net
income——
'
!
Balance
Gas & Electric Association—Output—
r
For the week ended Aug. 4, this Association reports electric output
of 12,749,029 kwh. • This is an
increase of 162,712 kwh., or 1.29%'
above production of
12,586,317 kwh., for the corresponding week a
year ago."
■'
"
Gas output for the Aug, 4 week is reported at 96,628,000 cu. ft., a
decrease of 516,000 cu. ,ft.( or 3.53%
below production of 97,144,000
ft. in
income—;
deductions
Dividends
121.
New England
cu.
Gross
Income
fixed amounts and
•
and
acquired consists of 4,000 steel box cars, 1,000
locomotive tenders, one 4-8-4 type locomotivo
Exchange Commission to issue 240.000 shares of new cumulative
ferred stock (par $100) with a dividend rate not In excess of.57c.
9.467
■'
$5,928,470;
payable to affiliated companies, $276,360; provisions for taxes, in¬
cluding Federal income and excess profits taxes, $18,032,228; dividend
payable Aug. 1, 1944, on class B preferred stock, $116,193; reserves for
-fire
insurance, $4,797,284;
reserve for employer's liability, $426,664;
reserve
for pension, $2,137,269;
reserve for contingencies, $4,015,000;
^ 'reserve for general inventory. $700,340; reserve for amount equal to
post-war refund of excess profits taxes. 8996.000; miscellaneous re¬
serves. $81,634; 7%
preferred class A stock ($100 par), $24,367,600;
r
•
»
91,707
!
——_
-Period End.
1944
•receivable
50
Exchange Old Preferred for New—
7%;
'
i
to be
cars,
unpaid
acquired under
571
171
Neisner Brothers, Inc.—July
Net sales
■;
be issued in 10
on
30 Diesel switching locomotives
$4,925,520 of
portion of the
;
>
,
Sheet, June 30,
maturing
amounts
New York, New Haven &
$2,866,538
451
Net iincome
Divs.
^/ Assets—Cash, $10,140,634; U. S! Government • securities at cost (at
^market quotations, $23,719,730),-$23,682,489; other marketable securi-
hopper
tender,
The
730,000
60,900
—_!:
income
—V. .160,
.
V
80,414
—:~
—
_______
98,023
—
charges
Interest
!__—!"_
—
equal
exceeding
1944—12 Mos.—1943
—
_
—
449,140
income
Gross
-
270,277
Equipment Cer¬
,
Director—
$828,765 $10,943,560 $10,006,955
398,192
5.505,005
4,389,590
1,119,820
1,047,588
85,696
891,540
953,995
78,335
$901,933
—
res.
approp.
limited-term
oper.
Other
$2,881,029 $2,248,954
Class
A dividends...
783,276
783,276
Class B dividends
232,386 1.
232,386
Common
dividends
772,666
772.666
Earned per share of common stock...—£»_:—.»-■
$0.60
, $0.40
"
Net
.
—:-rr~—300,000
Contingencies
'
%
.has asked the Interstate Commerce Commission for
issue $15,500,000 of equipment trust Certificates toward
to
Diesel passenger
to
1944—Month—1943
4,754,917
227,108
122,928
.
The equipment
and
1 .1. ■■
.
—
'!!, Pension
^
-
of
Investments
■
$7,274,147
!%,
\ ...t
1——_——
,
investments
■
$9,840,071
58,101
6,250,906
•_
*
Additions
i
499,260
;
taxes
Amort,
544,586
company
of
steel
Co.—Earnings-
—
expenses
taxes
-
Frop.
$2,263,612
544,586
*
!S
—
$6,774,887
profit
Gross
$96,520
$0.10
Mich., has been elected a director,
,
61,045,499
period
Sept. 1 from 1945 to 1954,
inclusive.
The carrier said 194 firms and institutions are being invited
to bid for the certificates and the dividend - rate will be fixed in
accordance with the most favorable offer received.
earnings are after
Period End. June 30—
Operating revenues
Operating
—
and
Depreciation
18/42 June 14/41
$165,000
Nebraska Power
1944 .
1943
$80,450,641 $70,371,271
the
/'•"
New York Power & Light
of Income
69,236,740
2,379,528
other expenses
come) and
for
225,485
;
r
•
purchase of $21,067,000 worth of new equipment.
The certificates would be dated Sept. 1, 1944, and
stock.
p. ,15.
160,
stock
4,517,796.
fy
$1,542,629
$147,940
$109,750
—•
pfd.
2,126,886
20,417
-3,669,515
180,865
!
167,036
p.' 570.
authority
the late Arthur J. Brandt.
He ha^.been for a number of
years
an
active officer of the consulting engineering firm of A. J.
Brandt Co. of Detroit, and thus has acquired UV.-familiarity with the
affairs of the National Tool Co., of which Mr. Brandt was President.—
Federal in-
(except
"'
of
328,805
276,786
applicable'to
160,
17,851f
2,338
(net)____-
charges
tificates—
•%'>--
'
revenues...
$4,497,379
New York Central RR.—Plans Issue of
succeeding
V.
National Lead Co.—Consolidated Statement
3,752,507
$3,651,664
the
$51,494
$0.02
$0.21
$0.30
National Tool Co., Cleveland—New
$4,638,445
$2.27
$2.48
3,534,000
$326,467
income
Net
Divs.
—V.
providing reserves for Federal income
in 1944, $130,000 in 1943, $70,000 in 1942 and
$20,000 in 1941.—V. 160, p. 570.
7,626,663
sliares
$169,748'
etc.il—$223,830
.
Note—The
12,217,862
294,500
$276,786
income,
series
Hon. Glenn C. Gillespie of Pontiac,
__
294,500
income
Interest
•
"On. 622,650 shares of.common
taxes
$5,071,113
1
June 17,'44 June 19,'43 June
profit after deprec.,
t&xes,
r
1943 ■*
$12,918,203
527,304
653.095
expense—
254,771
oper.
The
♦Earnings per share—
income, capital stock and excess
Prov. for Fed.
^-469,324
-
-1943
960,787
approp.
Other
18.
1944—12 Mos,
$29,530,057 $26,042,587
13,639,259
11,263,474
382,187
5,631,398
3,517,893
253,383
3.073.736
3 011,331,
$2,217,324
$2,460,467
1,165,086
—_
—:i
I
retir. res.
Net
Supply Co. (Pa.)—ReduceseArrearages—
•
24 Weeks Ended— :
Net
after depreciation & reserves $17,816,279
amortization
and
Interest
etc.
expenses,
Natioukl^Tea Co. (& Subs.)—Earnings—
1944
30—
p.
general
'
(Including Wholly-Owned Subsidiary Companies
from
159,
and
selling
LS66.
159, p. 2419.
National Distillers Products Corp.—Earnings—
6 Months Ended June
sales,-
of
per share has been declared' on the $2 lO-year
stock, par $40, payable Sept. 30 to holders "of record
This dividend represents a regular quarterly dividend of
50 cents per share .and a
payment of 50 cents per share against
arrears, which will be reduced to $6.50 per share by this distribution.
J A dividend of $1 per share was made oh the $2 preference stock;
on June 30,
last, as compared with 50 cents on March 31, 1944.—V.
;
*
cost
A ^dividend, of. $1
V
Sept.
authorized and unissued shares, of common
the purpose of issue from time to time upon the
May 15, 1954, of privileges to purchase such
Shares
which
may
be granted by the corporation pursuant to the
employees' share purchase plan; (b) granted to 21 key employees privi¬
leges to purchase, out of the 300,000 shares, an aggregate of 105,750
shares of common stock, at $21.75 per share.—V. 159, p. 1866.
"Earns,
Service Inc.—Earnings—
taxes
Prop,
82.36
.
preference
before
or
on
deducting
.
Other
Gross
for
shares
exercise,
profit..
2,206,267 shares.—V.
tOn
of
stock,
corporation's
300,000
Operating revenues
,4,875,000"
"After
•
$7,315,924
$7,709,881
4,579,810,., 4,759,877
Period End. June 30—1944—Month—1943
Federal taxes
plan shall expire if not exercised on or before May 15, 1954."
directors at a meeting held June 1, 1944 (a) reserved, out
the
:
330.
p.
Operating expenses
$5,218,865
will make allotments out of said 300,000 shares to such em¬
ployees and in such amount as the committee shall in its sole discre¬
tion determine, provided that not more than 5% of the shares shall
be allotted to any one employee.
Privileges to purchase stock under
'**The
160.
New Orleans Public
:•<
.
$5,413,458
$2.45
plan,
the
-
$2,893,315'" $2,538,015
tNetr profit'"pfer sHafe.$1.30
$1.15
participate in the
to
income..—.
oper.
income
—V.
12,075,000
employees
officers
taxes on<
9,725,000
of the corporation and its subsidiaries, privileges to
purchase, at a price of not less than 105% of the average market
price during the 30 days preceding the time the respective privileges
are granted,
an aggregate number of shares, not exceeding 300,000 of
the authorized but unissued common stock of the corporation.A com¬
mittee of not less than three nor more than five directors, who are not
key
&
V
& divs. $11,860,247 $12,233,760 $22,991,203 $24,609,530
6,986,730
6,435,576
3,692,663
3,508,999
866,015
880,089
429,269 *
436,746
5,750,000
Net
to
time, grant
time to
Net
Net
-
'
the
that
1944—6 Mos.—1943
oper.
int.
from
Frov. for Fed.
1944,,
20,
providing
Plan,
discretion, from
its
inc.
income
■>' i
The
approved
making the total
purchase privileges,
the
1944—3 Mos.-^1943
Deprec. & depletion
Interest charges
The New
ance,
from
^Profit
Common Stock—
<
i
Steel Corp.—Earnings—
National
Period End. June 30—
Additional
Dairy Products Corp.—Listing of
National
a year
ago.
"Includes
period.—V.
adjustment
New York State
A
further
tion
in
York
are
of
Federal
income
tax accruals
for the
1943
160, p. 227.
five
Public
Electric & Gas Corp.—Rates Cut—
revision in eledtric service rates
of
its
charged by this corpora¬
districts were announced on Aug. 2 by
Commission.
The reductions, effective
Service
expected to result in
savings by consumers as follows:
the New
Aug. 1,
Bingham-
Corning-Hornell-Perry, $13,100; Elmira,
announced authorization
Canisteo, Sieuben County, N. Y,, with
Ithaca, $3,300. The Commission also
the
to
company
159,
electricity.—V.
serve
($100
expenses-—
Maintenance
1,599,861
240,846
192,983
135,000
10,084,065
1,043,255
952,000
2,055,421
7,887,651
777,175
818,000
437,544
136,000
424,152
$321,095
$355,694
$1,620,907
$1,802,106
———
Depreciation
———
Taxes
—
Operating
income..—
Non-operating income--
$328,449
$358,704
$1,649,715
285,475
1,151,954
$44,596
$73,229
$497,761
$680,490
50,000
50,000
250,000
$23,229
'
'.
,
„
the
160,
1944—7 Mos.—1943
-
of
Balance —-- V
"Deficit.—V.
160,
value
of
Susquehanna & Western JRR.
New York,.
t
the following proposed;
$5,793,872
3,131,291
807,389
Net
/
♦
765,923
accruals
tax
Df—
rents,
$1,089,268
Income
-_
$916,410
63,481
railway operating income
Net
Other
519,515
—
—
$3,692,676
2,227,886
- 362,906444,031
$4,430,670
2,541,351
453,394
74,277
-
-.
;,
cumulative
$657,853
82,188
and
■>
standing
and
income
$1,152,749
$740,041
•).;) 8,494
$990,686
11,444
—-
_
29,247
.
$1,141,305 ;
$961,439
640,502 V
692,506
avail* for fxd. charges
Total inc.
Fixed
charges
—-
——
$731,547
647,331
<
.
-
,
the
$84,216
$268,934
$500,802'
——
—
General Balance Sheet, Dee. 31
1943
1942
$38,016,136 $37,606,601
Assets—
Investments
Cash
-
-j
receiv.
from
receivable--
Miscellaneous
accounts
Material
and
and
dividends
current
assets
.
bidding)
the
of
the
shares of
240,000
stock).
•
«
advances
■
the
In
to
Noma Electric
bonds
and $105 per share
;
shares
.
Other
Deferred
assets
______
71,145 .v
-
180,770 )
Unadjusted debits
Total
—
—
Liabilities—
stock
Common
Preferred
Stock
'
_
Long-term debt
Loans
Audited
and
accounts
Miscellaneous
Interest
matured
Unmatured,
rents
Other
Funded
Profit
payable—.
accrued
and
through
debit
—V.
138,733
p.
'••*. *24,509
3,088,137
50,000
4,487,096
surplus—
'-
—
66,915,486
expenses
—
40,062,440
taxes.
1944—12 Mos,- -1943
Other
■
"
■
14,822,583
of
Portion
on
revenues
6,757,123
1,554,661
6,856,396
31,889,272
26,156,016
Pref.
26,331,250
25,278.000
oper.
revenues
interest
divs.
of
Other
charges
elected
has
been
appointed
6,774,848
advancing from Assistant Vice-President.—V. 160,
p.
(personnel!,
12 Months Ended June 30—
Operating
Balance,
Divs.
2,462,933
9,854,651
Expenses
)•-
)['y\
4,728,166
Electric
4,728,167
310,836
1,315,823
1,242,114
500,000
500.000
125,000
and
$3,289,331
A
2,020,551
Net
earnings
;
.
$1,119,273
income
Gross
income
$1,133,236
3,124
1.815
$1,122,397
—
$1,135,051
Income;, 'deductions
Co..
955,312
803,551
$302,155
•■'v..*,*ljV>/!
30, 1944
Assets
Utility
plant, $28,586,037;
2!!?£y and special not consolidated.
companies
ments
deposits,
tax
notes,
at
investments
$1,339,624;
,;J
$0.39
:
$0.40
-
$1.72
$1.85
and
to
sub-
«iniacao.at cost-$100-000; accounts
receivable (less
prfced at
tSE& SM
reserve of $27,035),
$4 653 200-
Corp.—Quarterly
North
the
rates
(approximately
appreciation
the
American 'Co.
$43,000)
which
realized,
the
In
all
North
Exchange
corporation.
to
were
owns
stock.
and
of
would
net
assets
preferred
our
American
Commission
be
pavable
order.
5
has
Co.
to
stock
The
reserves
£32*233 401construction, $546,937; surplus, $141,142;
total,
expenses
Recapitalization Plan Filed With SEC—
The
corporation,
with
the
a
subsidiary
Securities
and
.recapitalization plan.
of
Federal
Exchange
,
..
Water
&
.
Gas
Commission
its
/ i V
Corn.,
has
voluntary
has
share
per
payable
both
in
in
the
1
Sept.
number
revenue
passenger
declared on the no par
holders of record Aug. 18.
been
to
1 of last year and
Sept. 1,
on
of
revenue
passengers
carried
on
the
the Twin Cities and the Pacific North¬
for the first six months of 1944 were
Manager,
General
disclosed
that
NWA
other
'
904
7,800
5,800
450
450
r
A
reported
pound-irtiles
498,548,569
also
pointed
dividend
no
1
of
pounds,
»
the
during
first
the
six
months
of
gains resulted
that
out
20
160, p. 469.
...
Sept.
15,
per
payable
distribution
and
Co.—20-Cent Dividend—
Rubber
cents
value,
par
similar
Feb.
2.000
<
___^_
of
2.640.072
were
share has been declared on the common
Sept. 1 to holders of record Aug. 15.
made
was
1943.—V.
March
on
159,
p.
1,
this
year,
and
on
2420.
$133,349
943
tax__^
taxes
$130,998
also
Hunter
.*"'..
totaled
flown 2,201,237,162 pound miles.
8.333.123 pounds of express were carried
These loads
Norwalk Tire &
A
.
r
1942
1943
• .y;
8,100
.■
Provision for Federal income
991
J
NY PA NJ Utilities Co.—Hearing Aug. 11—
Hearings were held Aug. 11 before the SEC on the proposal of the
to bid for the outstanding 712.411 shares of common stock
its subsidiary, Jersey Central Power & Light Co., which are to be
company
Net
income
$126,831
$121,844
$124,558
of
sold at public
Balance
Assets—Investments
in
tificates of indebtedness
662;
interest
$18;
filed
cents
50
stock,
with
Earnings for Six Months Ended June 30
tomers
ties.
of
payment was made on Sept.
them is completed.—V.
by the
relationship
plaij, is now pending before the Commission.
$136,324
for
with
compared
as
week ended Julv 29, 1944,
39,339,000 kwh. for the
the
for
company
kwh.,
chiefly from the return of
additional aircraft to the company after service with the Army.
Six
DC-3 type planes have been
re-assigned to Northwest by the Army
and
three of them already have
been put in service on the NWA
system.
The others will be put into service when conversion work on
1943. ,North American Co. submitted a
designed to accomplish the purposes of the
Income
Provision
Output^
week ended Aug. 5, 1944,
39,420,000 kwh. for the
year.
He
80.62%
and
directed
been
its
sever
1944
Miscellaneous
with
exceeding the figure for the
six-month period.
Passenger revenue was $2,247,217.
Pas¬
during the first half of the year were carried a total of
total
i stock,
-i
wimmnn
p.
the
of
as
$2,601,500:
long-term debt, $3,981,000: accounts
payable, $66,119; cus¬
deposits and accrued interest thereon,
$146,259* accrued liabili¬
$423,937; deferred liabilities, $208,449;
$9 464 858; con-
Mr.
-
if
August,
Commission
Commission's
the
compared
as
of this
output
report disclosed.
to
common
Securities
fl');*)
44,377,006 revenue passenger miles.
Air mail
leads for the same period
•/
;
invest¬
SSSSi S »
* preferred stock'.
cumulative preferred stock
Securities
security investments on the basis of June 30, 1944 market
and after providing for the additional Federal income tax
amounted
plan
loan
Utility
June 30,
$5,639,444, equivalent to $93.99 per share of its
preferred stock outstanding, as compared with $5,075,897, or $84.60
per preferred
share on Dec. 31, 1943.
1944
Common
—
planes carried 65,942 revenue passengers,
.
unrealized
the
for
company
kwh.,
reported by the corporation.
Croii Hunter, President and
of
American
current
of this
output
system between Chicago,
and
west
$14,727,172
$3,467,187 $15,852,753
570.
$41,805; cash. $495,805; U. S. Treasury
redemption value. $172,622; U. S. Treasury cer-
cash
Liabilities—6%
in
miscellaneous
(Ind.) Heat Corp.. may complete
Electric Corp.'s electric, gas and
469.
Paper Mills, Green Bay, Wis.
common
similar
NWA
stock
p.
Valuing
832,897
$318,846
income
until Oct. 5 the time in which Northern
La Porte
Gas &
Porte
Passenger Traffic Increased—
3,821,253
3,821,249
955,313
$3,332,840
share
per
160,
quotations
of
Net
.
1942.
divs.
com.
Report—• '
at
Other
semi¬
due
v.;. -'
Brothers.—V. 159, p. 2524.
dividend
value
of
surplus
North
$3,153,787
2,170,058
taxes_—
La
40,283,000
previous
1943
due
notes,
Northwest Airlines, Inc.—50-Cent Distribution—
-
$4,422,500 $19,674,002 $18,548,425
$4,288,152
stock
American
Earnings,
—V.
436,
1944'
-
.
was
company
serial
11,032,726
1,182,041
125,000
surplus^
pfd.
on
and
(& Sub.)—Earnings—
revenues
latter
serial notes,
2%%
of
corresponding week last year, an increase of 2.47e>.—V. 160, p. 469.
sengers
New York Water Service
Corp.
1951,-
the
of 2Va%
$3,600,000
corresponding week last year, an increase .of .4.5%.v
$8,503,310 $36,072,642 $36,051,432
1,182,041
subs
common
Vice-President
of
41,193,000
Increases
1
Phalen
29,276,584
6,598,603
A
Taylor. Vice President-Personnel,
W.
29,474,039
"
2,413,030
subs.____
Balance for
on Aug. 2 was appointed
(Operation) to succeed Carl Whitmore, who was recently
total
a
Delisted^;;;it"
Bunts
totaled
$4,-
President,
Clinton
17,057,528
303,561
of
deduction
North
M.
1,
when
assumed
and
Northern States Power Co. (Del.)—Weekly
17,500,538
1,646,914
$8,311,784
Officials Promoted—
Vice President
it
$2,700,000
subsidiary,
a
Northern
Stock
totaled
income
Gross
000,000 resulted from transactions in the latter
part of 1943 which may
not be expected to recur
regularly.-
which
heat; properties,—V. 160: p.
Minority interests in net
Net
inc.
Oscar
and
acquisition
Electric
.4,026,854
6,319,500
tOver
preferred,
2,181,550
at
remains
The SEC on Aug. 7 extended
Indiana
31,906.043
10%.
Co.,
last;
1,253,389
4,264,996
7,150,651
of
of accrued dividends will be
the 6% stock, $107.50, and
1,371,000
2,575,100
reserves
6,943,300
credit
outstanding
1949,
de¬
4,859,001
tax
for
sale-
for
property
Appropriations
343,000
—______
loss
694,900
3,873,442
profits
par)
1,
See
adjustments
1,136,760
excess
(no
21
the
9,379,656
war
878,016
$115;
The redemption date is expected to be on
Aug.
Appropriations for post¬
$
5,558,022
exclusive
stock,
June
12,411,486
9,072,156
Z)r891,02G
831,151
7%
Extension Granted—
31,015,017
623,800
share,
per
the
14,945,468
12,986,214
t35,762,714
—__
prices
for
to
-
3,755,842
951,915
of
'
3,041,240
8,287,411
income.
deduction
' ■
3,005,370
Non-oper.
Balance
$
■
3,772,255
Net
net
;
3,446,476
taxes
873,450
.
sold
will apply the proceeds from any such sale of unexT
stock, together with other funds in the treasury, to the
of all of the present preferred stock still outstanding.
on
.
3,127,730
prof,
exc.
34,889,264
7,895,215
Co.,
at
annually
inc.
8,595,762
Dividends
''After
than
oth.
taxes
Dr308,351
deductions
Total
16,742,315.
2,997,544
8,066,231
Total jncome
stock who accept The exchange
stock with either the Continental
Chicago, or the Chase National
of
their
Trust
-
"..0-* - - .;.
jl
Drl71,016
(net).
offer
the new stock not taken in exchange will be
not less than $102, plus accrued dividends.
of
absorbed
$1.57
1944—12 Mos.—1943
.
The
Corp.
The total common
shares.
Company
has a long-term debt of $45,000,000 first mortgage bonds, Series C,
■:3Vtk'%-; $1,604,000 of 5% first mortgage bonds, Series A, of Indiana
38,467,705 168;426,043 152,600,642
15,011,905
69,126,974
58,911,932
2,427,098
11,615,050
9,246,988
41,803,339
revenues
6,319,500
income
Interest
$
Boston
First
'
preciation
Net oper. income..
1944—3 Mos.—1943
and
$eml-annually to Oct,
Consolidated Income Statement
Period End. June 30—•
$1.18
..
Federal
63,783,567 263,442,788 244,460,284
38,847,066 161,473,429 154,985,197
16,340,739
67,080,095
57,569,044
18,786,815
$1.30
its 7%, 6%;
their shares
pf 231,394 shares of that,stock will be outstanding.
$11,174,909 $10,148,369 $13,479,471
surp..
-•
payments of $13 533
! .Upon completion of The issuance vof the new %%
^459
Fed. and State inc. taxes
$
revenues
and
the
shares
deposit
to
the. $'/2% stock,. $105.
about Oct. ^0.
or
1,649,468
29,855
.7,202*
share--,.,..
Maintenance
Co.—Earnings-
'\h'$
divs.
com.
common
;
.
company
follows:
as
311,088
•
$.14,996,158 $13,969^622 $17,300,725
3,821,254
3,821,253
3,821,249
surp
„
Service Co.-^-Qffers ; to Ex¬
headed" by
Bank
company
Redemption
for
.
^
'•
the
Hydro-Electric
for
Balance
Earnings per
■
Operating
Operating
•Operating
and
,
York.
shares
The
818,000
67,374
1,466,561
;
deb.__l
on
1867.
159, p.
redemption
514,716
—
pfd. stock
on
Operating
$43,258,460 $41,654,656
1944—3 Mos.—1943
exp.
divs.
for
Balance
Divs
Taxes,
Period End. June 30—
and
of. disct.
,.
Operating expenses ^.1.
.570.
New York Telephone
notes
"flat."—V,
220,078
the
of
National
New
stock
618,289
50,000
3,981,671
<&
:
160,
165,252
787,863
balance—
Total
'
3,613,993
_;
Inc.
130,582
loan
•
677,000
372,850
debentures
on
bank
on
Amort,
292
292
1
:
Int.
17,500
410,398
__
—
-l-..__
retired
loss,
237,680
23,492
-
—
credits
debt
10,381
Interest
688,450
________________
•
liabilities—.—.
liabilities
Unadjusted
888,214
—
1
8,920
accrued——L—__17,499
liability.
current
Deferred
1,352,804
by
1,088,194
945,584
986,767
526,000
■*
—_____
interest period on
the Committee on
July 20, 1944, said
semi-annual
each
against principal,
that on and after
on Aug. 4 announced offering the holders of
preferred stock the' opportunity to exchange
5% cumulative preferred stock,
'
required
are
Any
.$17,534,*275 $17,155,996 $21,405,934
Other taxes
1,510,984
unpaid..:
interest
tax
13,070,947
800,000
800,000
Holders
changed
Federal income tax
12,998,452
.
(Cr)——
payable—
wages
accounts
Unmatured
Accrued
balances
*—
Expenses
12,964,844
223,237
payable——u——
car-service
and
-
223,236
w--—
bills
and
Traffic
12,964,844
___
—
~
amount
of
The
.
Income
the
as
.
.1943
1942
$17,366,056 $17,145,855 $21,088,325
168,219
10,141
317,609
_____
the purchase price being
principal ($920 for $1,000
of the bonds. < *of interest to be paid on the
7%, $5,766 on the 6%, and $3,133 on the.5Varf- preferred
exchange offer is being made by a group of approximately
the
Bank,
(Company Only)
.1944 '
Interest
Total
$12,816,319 $12,816,319
______
conversion
for
Income—dividends
"
,
,
—
-
stock
liability
'
.
244,830
$43,258,460 $41,654,656
——
.
Income Statement
12 Months Ended June 30—
vary
be dealt in
5V2%
Illinois
26,008
:
that
fact
may
future payments
Rulings further rules
security 'dealer?
expires Aug. 31,
*
.
'6,852
15,035
*
—
a
1944,
The exchange will be share for share, plus cash,
Subs;)^Earnings-^
(&
the
of
shall
offer
North American ..Co;
65,902
with
shares of
for
'
255,868
94,145
_
25.
750
i
Rulings rules
1944. must
Security
after July 20,
registered owners of-" record at the
iu the amount of 8'y , ($80 per
to
1944.
July
of
Company
and
310,241-
<
321,449-^*
receivable,i—_
1,
on
Northern Indiana Public
;
on
........
future
change Stock—
Corp.—Subsidiary Secured Opti on—
Triumph Explosives, Inc., below.—V, 159, p. 4767,
all
multiplying the unredeemed
value) by the quoted price
bonds
account
Security
stock.
See
"
pian,
principal amount of said bonds,
face
view
above
Internal
Treasury
the
of
on
bonds made on. and
the
Aug.
on
by
computed
income taxable to New York Power.—V. 160, p. .227.
in any
the Committee
foregoing,
business
of
Original
,
$20,550,000'owed to it by New York Power,
obtained a closing agreement executed by the
Revenue with the approval of the Secretary
the effect that such cancellation will not result
be
of
made
be
unredeemed
totaling
there
providing
transmittal.
letter of
provisions
bond).
Accordingly, the Committee on Security Rulings rules
that on and after July 20. 1944. the above bonds shall be dealt in as
"8%■ redeemed bonds" and quoted, on the basis of a percentage of the
cumulative
stock will be
its holdings of 36,019
exchange
to
proposes
the
in
further
by delivery of bonds in registered form and stamped
settled
will
for redemption at
will be called
the
$1,000
new
new
the
of
transactions in
close
the 1%
Power
cancel
of
of
with
legend that the bond is subject to the provisions of the above plan.
The first ratable payment on unpaid principal of the above bonds
preferred stock and 19,181 shares of $6 preferred stock of New
pursuant to the offer of exchange and also proposes to
T/o
Commissioner
379,307
447,261
supplies——-;
Interest
Hudson
Niagara
of
1,250,000
241,902
290,258
—
into
1,267,146
„
1,880,225'
262,928
agents & conductors-
investments.:---
cash
Special deposits
bal.
1,679,109
——
——
-
Temporary
Net
-
merged
be
by
($115 per share for the 1%
price
preferred
$6
of
par)
no
b>( competitive
total
A
redemption
the
shares
(144,639
series,
Any shares not exchanged
;; issued.
York
Ndt income
will
directed
as
of
view
in
and;, the offering price (to be not less than par
determined
stock.
for
deductions from inc.-
Miscellaneous
Valley
name
accordance
that
be
to refinance its outstanding 240,727 shares
stock
shares of $6
at ^present
be
to
preferred
96,088
preferred
Total
Thereafter,y Hudson
series, $100
making an offer to
the holders of such stock whereby they will be afforded the oppor¬
tunity to exchange each share of stock- held at present for one share
-($100 par) cumulative preferred stock, with a dividend rate not in
excess of 5%
per annum, plus a cash payment in an amount represent¬
ing the "difference between the redemption prices of the stocks out¬ ;
of
'par,
1941
1942
1943
Years Ended Dec. 31—
Railway operating expenses
such
unpaid.
Power.
New York Power proposes
v
■) ■ ■
Railway operating revenues
Railway
Annual
—.
Report—
$7,824,436.
York
-New
V
.
Hudson proposes to" sell, and New York Power & Light Co.;
to
purchase all of the outstanding securities of Hudson
Fuel Corp., consisting of 67,000 shares of common stock (no
par).
In consideration therefor, New. York Power proposes to issue
to Niagara Hudson 192.105 shares of its common stock having a stated
227.
p.
Com¬
the plan,
of
principal and interest, respectively, will be made by the.
trustee by mailing its check therefor to the owners of the bonds who
are
registered of record as of the respective record dates established
therefor, and interest will, as heretofore, be paid on January and July t
in each year at the rate of
per annum, except that such interest
will be payable only on the amount of principal from time to time
proposes
$430,490
been issued by the Committee on Security
(c) attach thereto a form of registration therefor, and
the bond in the name of the person surrendering same
1945,
1.
In
The SEC has set a hearing for Aug., 24 on
)transactions:. s „
provisions
register
payments
Valley
$247,76;
to
in
or
Niagara
property--
new
the
(d)
$7,252,278 $48,551,609 $46,357,804
Niagara Hudson Power Corp.—Hearing Date Set—
Curb Ex¬
effective as of July 2. 1944.
Pur¬
holders of the corporation's first
lien collateral and refunding gold bonds, series A, Sl/2%, due Jan. 1,
1948, are required to surrender said bonds'to City National Bank &
Trust Co. of Chicago, trustee, whereupon
the trustee will (at stamp
thereon an
appropriate legend that the bond is subject to the pro¬
visions of the plan, (b) detach therefrom all coupons due ou and after
of
suant
226.
p.
Utilities Corp.—Ruling By
:
1935 has been declared
pany Act
stock owned
Jan,
—V.
\
Rulings ot the New York Curb Exchange;
The plan of the corporation under the Public Utility Holding
.
,
common
1944—Month—1943
$7,161,771
'
The following rulings have
.
Approp. net income for
acquisition of bonds
or
change—
Newberry Co.—July Sales Off 1.2%—
Period End. July 31—
250,000
♦$5,404
basis.
Sales
1,145,990
deductions
income
Net
be
$1,826,480
233,853
will
.
•24,374
.•■
;
stock
Continent
North
shares
46,532
common
number of 1,000,000
shares, of
in exchange for present preferred
issued
plan calls for cancellation of
(J. J.)
1,749,986
28,808
3,010
7,354
income——
Gross
Income
1944—12 MOB.—1943
1,696,395
ten-for-one
a
present
of
wholly
by the parent company, and for cancellation also of unpaid dividend
accumulations on
the
preferred shares,—V. 159, ■> p. 2087; V. 158,
pp. 2050, 677.
The
$2,708,690 $15,755,648 $13,034,918
$2,980,880
revenues
on
will be
shares
The
and $2,601,500
shares.
authorized
the
in
be
465,320
stock
1944—3 Mps.—1943
Period End. June 30—
Operating
Operating
will
These
which
New York Steam Corp.—Earnings—
undisturbed.
remain
preferred stock
solely by common
pari
replaced
2524.
p.
will
debt
Funded
Oneonta, $12,000;
ton, $26,500:
$24,000;
for
Monday, August 14, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
632
cash,
accrued
$54,147;
Sheet, June
securities,
(at
on
total,
cost),
U.
S.
30,
1944
$4,940,214;
$150,000;
Treasury
"
U.
At
S.
Treasury
dividends receivable,
certificates
of
cer¬
$42.-
indebtedness,
(466.548
preferred
shares),
tributed
income,
$19,437;
total,
stock
(60,000
$1,500,000;
$282,051;
shares)
and
common
capital surnlus, $3,385,249; undis¬
dividends unclaimed, $304; taxes accrued,
$5,187,041.—V.
159,
p.
641.
;
Aug. 17,
1944.
Public
Corp.
Service
gold
secured
debentures.
5%
series.
du» 1978.
Pledged as security for the loan are the remaining outstanding 712,411
of
therefor in
—V.
159,
Central
Jersey
NY PA NJ
Liabilities—Second
stock
on
the common
Central,'and of $16,050,000 of the $20,000,000 National
shares
$5,187,041.
auction
present NY PA NJ is the owner of 341,359 shares of
stock of Jersey
proposes
cash
p.
or
cash
common
to
bid
and
stock.
5,365,000
debentures,
as
for
the
stock,
and
pay
provided in the indenture.
2524.
(Continued
on
page
667)
COMMERCIAL
THE
Number 4307
160
Volume
Stock and Bond Sales
daily
NOTICE—Cash and deferred delivery
& FINANCIAL CHRONICLE
New York Stock Exchange
«»
weekly
-
633
yearly
-
of the day. No acconnt Is taken of tnch sales In computing the range for the year.
tales are dltrefarded In the day's range, unless they ara the only transactions
United States Government Securities on the New York Stock Exchange
the current week.
Stock Exchange during
Figures after decimal point represent one or more 32d of a point.
4%S, 1947-52
2%s, June, 1964-1969
4?'v
[Close
Total sales in
units
2%s
100.7
100.7
1
Total
[High
sales in
(Close
7
'
High
Low
[close
Total sales in $1,000 units
(High
2%s, 1954-56
units
"
>
-
'
.
'
'
■
Close
Total sales In $1,000 units
[High
—
112.11
112.10
112.9
112.9
112.10
112.9
112.9
112.10
112.9
112.9
Low
1956-59
112.8
112.11
•'2%s
112.8
112.11
[Close
units
Low
•
'
[High
j Low
Total sales In $1,000
1
2%8, 1952-55
[High
1 Low
27/sS, 1955-60
.
[Close
Total sales In $1,000 units
[Close
Total sales in $1,000
10
—
30:
sales in
Total
112.8
[Close
$1,000 units
High
10
10
10
:
1947
2s,
Low
•
Close
[High
Total sales In $1,000 units
■{ Low
2%s, 1945-47
[Close
Total sales
[ High
2s, March 1948-50
in $1,000 units
•.—
(High
j
28, Dec. 1948-50
[High
\ Low
(Close
1951-54
Low
[Close
Total sales In $1,000 units
[High
-I Low
2s, June, 1949-51
Total sales In $1,000 units—
f
[Close
Total sales in $1,000 units
[High
•
-I Low
2%s, 1956-59
V
•
[Close
Total sales In $1,000 units
-
-
| High
i Low
>
1949-1951
Sept.,
Sa,
>
•
.
[Close
.
Total sales In $1,000 units
(High
•{ Low
2%s, 1958-63
bow
Total sales in $1,000 units
Total sales in $1,000 units
2%s,
1
| Close
[High
j Low
[Close
2%s, 1948-51
c
[High
vv....
Total sales in $1,000 units
< Low
[Close
1949-1951
2s, Dec.,
[Close
i
-: ■
Total sales In $1,000 units
(High
f High
\ Low
2%s, 1960-65
...
(High
-
[Close
Total
2s, 1951-1953
\ Low
100.18
100.18
•
Total sales In $1,000 units
Total sales In $1,000 units
*1-
i.'
[High
[High
j Low
1949-53
,
lyOW
1951-55
2S,
Close
[Close
«
Total sales In $1,000 units—.
Total sales in $1,000 units
SftS, 1950-52—
100.18
Low
•
[Close
[Close
2%s,
sales in $1,000 units
[High
[High
1948
{ Low
1950-1952
Sept.,
2s,
[Close
Total sales In $1,000 units—1
2%s,
J Low
(Close
Total sales In $1,000 units
(High
j Low
1945
1950-1952
March,
2s,
[Close
Total sales In $1,000 units—
2%S,
7
j Low
<>,, ■»
units—
.
1
[High
,./r
2%S, 1951-53
[Close
[close
.
100.8
100.7
v\:V"
■
[Close
.
[Hign
3s, 1951-55
100.3
Total sales In $1,000 units
\ Low
Total sales in $1,000
100.7
100.8
i.
[High
\ Low
units
1946-48
3s,
100.7
—
[High
1 Low
Total sales in $1,000
100.7
100.6
$1,000 units
2%s, 1967-72
\ Low
v-
100.7
Low
1965-70——-
-
3y8s, 1949-52
100.7
$1,000 units
Close
[Close
Total sales in $1,000 units——
units.
100.6
High
[High *
j Low
Total sales in $1,000
Aug. 11
[Close
[Close
3%S, 1946-49
Aug. 10
100.6
3
2%s, Dec., 1964-1969
Low
3%S, 1946-56
Low
[Closs
Aug. D
100.6
[High
{ Low
v.
—
Total sales In $1,000
Aug. 8
Aug. 7
Total sales In $1,000 units
fHign
41, 1944-54—
\
"
v
units.
Total sales In $1,000
Aug. 5
{ High
Treasury
[High
j Low
Treasury
8. Bond Prices
Daily Record of U.
Bond Prloea
Dally Record of D. S.
and Federal Farm Mortgage Corporation coupon bonds on the New York
^
s
daily record of the transactions in Treasury, Home Owners' Loan
Below we furnish a
V
y
100.13
100.11
[High
100.11
100.12
100.11
100.13
■
—
Total sales in $1,000
Low
Close
1952-1954——
2s,
["High
| Low
[Close
6
units
J High
Total sales In $1,000 units
[High
Total sales in $1,000 units———
[Close
,
{ Low
[Close
\ Low
2%8, 1952-54
1953-55
2s
•/
♦
Total sales In $1,000 units—
1%S
[High.
j Low
1948
f High
[Close
] Low
2%S, 1956-58
sales In $1,000
Total
units
[Close
Total sales In $1,000 units
—
Home
[High
High
100.7
[High
Total sales In
x
100.7
Registered
NEW YORK STOCK
LOW AND
Aug. 5
$ per
113.
8%
8%
63%
ll7/«
12
23
}
39%
ll7/a
144
144
63
112
60
64%
64%
63%
63%
11%
12 %
11%
12
31
*30
31
*30
31
22%
*22%
23%
*22%
23%
39%
40
39%
93
*89%
6%
6%
*144
149
93
6%
149
39%,
*89
6%
*144
39%
93
6%
146%
2%
2%
2%
2%
2%
30%
29 %
30%
29%
54
54
52
53%
*52 %
53 %
26%
26%
26%
26%
26%
26%
*15%
20%
For
footnotes
143%
29%
29%
page
147%
*15
17
*15
see
13
13
13
*147%
17
*29%
*82 Va
83
*82
13
148%
643.
29%
83
82
30
82
39%
*89
6%
144
8%
*63
12
22%
2%
83
13
148%
58
12
26 %
*8i y2
112
*56%
65
55 %
26%
*61%
*111%
60
*30
39%
>22%
39%
*89
93
6%
7
144%
145
2%
2%
2%
29%
30%
31
53%
53%
*54
26%
26%
27
82
82
~
*82
5,100
12,100
50
20,000
2%
600
54%
27
l,7uU
83
40
15%
15
15
*15
16V4
29%
29%
29%
29%
*29%
29%
Acme
Steel
800
14
•1.300
•
-
52 % Feb
_100
109% Jan
.
_
No oar
.
2.50
Motors Co._
25
Air
Reduction
&
60
8
_No
Inc
.
7%
Jan
16
25%
Feb
32 % July
19% Jan
6
Jun
27
14% Jan
21% Mar
July 15
3
38%
Jan
48%
Jun
67
Jan
76%
Sep
7% July 13
161
Jun
3
3%
Jan
IVb
Apr
128%
Dec
par
100
A with $30 war..
37% May 18
75
100
Alleg & West Ry 6% gtd—.
1
Industries Inc
Allied
600
Allied Mills Co Inc
Kid Co
Dye
Jan
13
5% Apr
18
Jan
3
Mar 29
23y2Jan
24
43
92% July
3
3
58% July 14
_No
par
5
..No par
4
19
29% July
Jan
21
85% Jun
9% Jan
3
70
141
Apr 26
14% July
5%
5
16% Feb
29 Vi Jun
35 % Mar 27
3% July
32%
Sep
45%
Jan
31% July
64
Jan
75
7
Jan
140%
Jan
13
5
•
Apr
Jan
13
18
152% July 14
Jan
,13
Sep
;
5
13% Mar 18
6
Jan
"fir Jan
34% July 14
Jan
37
85
July 14
24 % Apr
preferred-No par
Alghny Lud Stl Corp
100
Sep
13% July 12
31% Jun
—100
Corp
&
57 %
41% Jan
64% July 17
3
2
Chemical
Sep
July
31
1
Allied
52
Jan
27
124
Allen
115%
Nov
35%
Jan
100
$2.50 prior conv
108
7
3
10% Jan
Min._.
pf
July
9% Aug
63% Mar
26 % Jan
53
Albany & Susquehanna RR.
Allegheny
12
114
24
Highest
t per share
Jan
10
Vicksburg Ry__.
Gold
Jun
17
Jan
.
51%
23
1
-
.No.
Corp
Juneau
64 % Jun
8 Vb Aug
47
10
Alaska
21
f per share
$ per share
Par
Co
Adams
51/2 %
8
31%
16 %
F Brill
Alabama
7%
148%
C
Address-Mutigr
144%
29%
147%
A
100
•
$ per share
-No par
preferred
Abraham <fe Straus
200
v.
40
147
4%
Year 1943
Lowest
Lowest
Express
Adams-Milli8 Corp
93
*13
*13%
2,500
23%
13%
13%
500
12%
147%
148 %'■■■
9.30C
64
»l,3*j
1474
*15 1
13%
147%
Range for Previous
Range since January 1
Highest
STOCK
Abbott Laboratories
''
9
31
YORK
Par
70
-1
•Odd lot
-•
EXCHANGE
500
62%
63
NEW
Shares
t per share
112
8%
30%
30 %
•54
*56
8%
30%
2% ;..v,
2%
*62
*111%
8%
*30
23%
6%
*55
8%
12
12
31
*144
*62
*111%
$ per sfiare
for
the Week
Aug. 11
Aug. 10
9
39%
6%
I per share
registered
2V2s Dec. 1964-1969 5 bonds at 100.2.
STOCKS
Sales
Friday
Thursday
Aug. 9
8'/8
♦88%
93
Wednesday
*63 y2
9%
*22%
■39%
6%
60
*30
•23
■ •*
112
*55
65
*63
30 i.-i i<30
•88
112
60
*55
8%
63%
62%
113
*111%
61
t per share
62%
62
62
62
62
111%
•55
*8%
Aug. 3,
bond.
on
RECORD
SALE PRICES
Aug. 8
$ per share
share
HIGH
Tuesday
Aug. 7
transaction
of
^Transaction
1
Total sales in $1,000 units
Monday
100.26
$1,000 units—
100.7
{ Low
[Close
Saturday
100.26
1%S, 1945-1947—
Total sales in $1,000 units
1963-1968
100.26
Low
Close
[Close
2%s,
Loan
Owners
■{ Low
2%s, 1962-67
Vb
10%
Jan
16% Jan
11%
165
May
Jun
July
14% May
37%
Nov
THE
634
RECORD
NEW YORK STOCK
LOW AND HIGH SALE
Monday
Aug. 8
Aug:. 5
$
$ per share
19%
1017 a
21
21V*
21
3'/2
41 %
*20%
3%
3%
*3%
3%
41%
102%
102 Va
28
28%
28 %
27%
27%
27%
28
74%
74%
74%
74%
75
74
74
74
20
20
*19%
20
20
20%
67
65%
65%
65
16%
17%
17%
16%
17%
*42%
43%
43
43
*42%
43%
43
132%
*131
20 %
*131
131
131
132%
11%
12%
11%
12
11%
11%
12 Va
90%
91
90%
90%
89%
90%
38%
81
26%
*78 %
*25
-
33%
*79%
*113
117
*116%
118
39%
39%
80 Va
400
26%
2,400
25%
116
118
117%
13%
17
17 Va
*103
103 %
*103 %
103%
9%
10
*9%
10
4%
3%
:
*9%
91
89%
89%
90
91
92%
4%
93
20%
20%
21
20%
21%
20%
21%
21%
83 %
4%
4%
5
72
*69%
8%
8%
72' :'V
*8% VV; 9
8%
49%
49%
9
8%
8%
50
49%
49%
17%
17%
17%
17%
17%
17%
17%
90%
91%
90%
90%
90
90%
90%
90%
16%
16
16 Va
16
16%
16 Va
23
125%
125%
125
6%
.70%
70%
8%
8%
*8%
9%
9%
*49
49%
900
290
.
8,700
18%
90%
90%
90%
11,200
16%
17%
18 V*
*16%
16%
'f
18%
*90
11
22%
22%
*22%
23
,1,000
Amer
124%
124%
*124%
127
40
6%
*36%
,11
10%
10%
10%
37%
36%
36%
37%
36%
37%
36%
36%
2%
2%
2%
2%
2%
2%
2%
3%
49
49%
49%
49%
50
49%
50%
51
52
52
44%
44%
45
45
46
45%
46%
48
47
47
52%
47%
i
44%
11
11%
11%
11%
11
..11%
11%
11%
11%
11%
11%
21,500
2%
2%
48%
180
*176
180
*176
■
I
11%
*176
180
*176
<
8,400
9,900
15%
72%
15%
15%
15 Va
15%
15%
15%
15%
15%
15%
15%
8,100
72%
15
73
73%
73
73%
72%
73%
72%
73%
73 Va
73%
610
17
16%
16%
*16%
17
*16%
17
15%
15%
15%
15%
16
*15%
16%
*16%
*16%
17
*15%
15%
15%
39%
39%
152%
29%
28'/a,
39%
39%
*155%
156
155
44
*42%
44
*42%
44
*43
44
*42%
150
*42%.
*147%
*147%
150
*147%
150
*147
150
*147%
24%
24%
18%
*18
21 %
,
43%
43%
128
*126%
24%
24 Va
24%
18 Va
18
18%
*17%
21%
2i%
■
163%
163
'
162%
163%
9,100
Amer
70%
70%
70%
70 %
70
70
69%
69%
1,200
American
71%
70%
70%
70%
70%
70%
71
2,400
147%
147%
147%
71
70%
70%
148
12%
12%
44%
7%.
87 '
.
88%
56
'i
12%
12%
12%
12%
12%/
44
44
44%
44%'
119
*119%
120%
*119%
120%
140,200
8%
9%
9%
9%
9%
10 Va
97%
97%
*97 %
98%
*97%
98%
5
55%
*52
5.300
91
90%
5%
2,500
*52
■
25%
26%
25%
26
25%
26
25%
25%
25%
26
26
26%
30
29%
30
30
30%
30
30
30%
30%
30%
30 V2
;
27%
27%
27 %
27%
27%
27%
27%
27%
27%
27%
116%
*115
'
*11%
■
*11
11%
12%
12
117
*115
*115
*11
\
11%
*11
427'a
11%
12
*11%
12
•*115
116%
*115
116%
16
16%
16
16%
xl 5 7b
11%
xl6
16%
12
*115
*11%
116%
116%
16
106 %
*10474
106
*105
106
101%
*100
101%
*100
101 %
160
38
*37%
38
*37%
*104%
106
*104%
106
104%
104%
66 %
67%
95%
95 %
39%
39%
106%
*104%
108%
*104%
106
65%
66 Va
65%
66 %
647'a
66
64%
65%
65%
66%
96 Va
96 Va
96
96
94%
94%
95 %
95 %
95%
96
38
387a
38% *. 38%
37%
39%
38%
38%
38%
38%
28 %
28%
*27%
28 %
*27%
*61 %
63
*61 %
v/
28
63
-
63
307 a
30%
307a
109
109
14
14
55
55
55
30%
110
14
55
58
58%
58
120%
*119
*17
*10%
76
14
59
*119%
10%
*17
10%
43a
4%
20 Va
20%
20%
5
'A
10%
10%
74
76
*74
4%
,
*119%
74
.
32%
327/a
111
110
32%
410
xl4%
14%
55
55
x5474
54%
Atlas
5.800
Corp
1,800
58
*58%
120%
10%
10%
74%
74 Va
74%
20%
8 Va
8%
8Va
8%
15%
15%
15%
73
74%
5%
conv
S5
nrior
No par
63,200
Aviation Corp
13,400
Baldwin Loco
15,800
Baltimore
8%
8%
8%
8%
15%
16 Va
16%
16%
11%
No par
No par
A
80
5%
of Del
3
(The)
Jun
11
42%
Dec
547/a
Dec
1%
Jan
4%
Jun
6%
Jan
8
7
«^n
66
8%
15%
15%
11%
*11%
11%
*64%
8%
•
15%
15 Va
11%
8%
8%
64%
•
j.
64 %
23 %
*23%
23%
•65
23%
16%
16%
17
17
50
49%
50
*49%
16 Va
16
11%
65
23%
17
49%
16
11%
*64%
23 Va
*16%'
16
15
16
51
16
11%
*64%
23%
*16
*49%
16 Va
*11%
11%
*64 %
65
65
65
26
Jan
78%
30
Feb
367/a
Jan
4%
Apr
Jun
Jan
2%
July 10
23%
24
24
1,300
Jan
407/a
22
53 %
Jan
70
May
2
Jan
5
May
Jun
16%
16%
*16%
50
*49%
23%
16%
50
16%
15%
15%
15%
15
!
15%
14%
15
29%
30
29%
29%
29%
29%
*34%
35%
35%
35%
35%
35%
106%
106%
*106%
9%
9%
9%
106%
107
107
9%
9%
9%
107
9%
*34
35
*34
35
*34
35
*34
*114
117
*114
117
*114
117
*114
*11%
12%
11%
12 Va
*11%
12
11%
12
11%
11%
11%
11%
38%
38%
38%
38%
38%
38%
For
footnotes
see
page
643.
*11%
11%
*49 %
16 Va
9%
34%
117
12
1%
35%
*106%
9%
107
9%
34%
34%
115%
115%
.
Jan
9% May
10
5%
Jan
7Va
13
39%
47
17% May
82%
Sep
12%
Jan
15%
Jun
7%
Feb
10 Va
Jun
16%
Bayuk
500
35%
Beatrice
106%
200
9%
4,200
60
35%
20 %
Jan
27 Va
Apr
116%
Jan
125%
Nov
Jan
11%
11%
11%
12
11%
11%
11%
-
$4.25
Inc
Creamery
preferred-—
•*
__No
Aircraft
700
3,700
par
Ll
Jan
Jan
48%
16%
Jan
45%
Oct
27
6 Va
Jan
ll7/a
Jun
20
No
par'
Jan
16% July
54
Jan
69 % July
8%
July 8
July 10
43% July 10
15 V4
Jan
18
Dec
327a Mar
36
July 17
Jan
12%
25
18
18 >4
Dec
477/a
a
144%
Feb
161
Aug
July 13
Apr 24
35%
Jan
45
Apr
141%
Oct
151% Aug
27% Mar 16
19%
Jan
29% May
19% July 20
?°V4 Jul v
11% Mar
151
47
Jun
Aug
17%
Jan
91
Jan
115
16
21%
Jan
32% Aug
3
127%
Jan
158% July
Aug 10
/
31% Jun
75
17% July
33
129 V* auiy
164
July
Jan
43%
July 11
152% July 6
13% Jun
Jan
65% July
146% July
6%
19
Jun
63% July
42%
129%, Jan
July 14
75
28
12% July
Jan
Jan
49%
120% July 11
115%
Jan
121 %
Aug
10% Aug 11
3%
Jan
9
May
49
32
Sep
88%
Nov
9
9Vj Mar 16
53%
Jan
3%
Jan
8% July
Aug
2
55 %
Jan
79% July
July
NOV
97V4 Aug
91
7% Apr
•
5
37/a
54% July 26
42%
Jan
54% Mar
28
24'/a
Nov
317/a
»Jan
29%
6 Va
July
23
% July
111%
Jan
116
Mar
5
8%
Dec
14%
Apr
24
1%
Jan
3Va
Feb
47%
Sep
6%
Sep
July
16
34
Jan
5
,3
Jan
94% July 14
46
Jan
75
Sep
49
30
57
Jun
6% July
Jan
28
12% July 10
13% Jun 28
11
107
Aug
2
101 Va Aug
2
July 10
1C8
July 11
71% July 20
38
27
7
3
98
Jun
44
30
May 31
Mar 23
Mar 15
32% May 17
113
July
6
'
Jan
84
Dec
Jan
40%
Jun
674
7
46% Jun
119
65
14?
24
Apr
Jan
17% July 13
1
Apr
16 Va
28% July 20
117% May 26
4V4 Jun
.
24
33% July 17
12
9
6
Jan
10%
Jun
4%
Jan
10 %
Jun
"
110
Feb
92
Oct
6%
Jan
15%
72 Va
Jan
97% July
59
Jan
Jun
94 % July
29
Jan
39%
Oct
100
Jan
108 %
Nov
67% July
Jan
44%
66
Jan
90 Va
July
24%
Nov
39
May
19
Jan
36 Vi
Oct
44
Jan
68
Oct
18%
Jan
28% May
106
113%
Mar
Sep
15VaJun
29
6%
Jan
13% May
56
Feb
24
50%
Jan
57
62
Jun
12
52
Jan
113
Jan
11914 Aug
1
Sep
68% July
123
Jun
16
Dec
7%
Jan
13% May
8
2%
Jan
974 Aug
84 % May
9
28%
Jan
85 V4 Aug
5% Aug
8
18
July 31
,
674
3% Nov
10 Vi July
10%
Jan
20%
Dec
3%
Jan
10
Apr
5
6
Jan
14%
Apr
5%
Jan
12%
Apr
34%
Jan
Feb
63 %
Dec
Jun
3
26% Jan
24
66
5
18
July
50
May 23
18% Mar 17
9
18% Mar 15
15
31% July 10
May 22
35% Aug
2
105%Jun 24
108% Feb
28
7% Jun
8
£ 11% Jan
3
35% July 11
Feb 15
Jan
11
IIIV4 Jun
12
117
lOVaJan
3
13
25
15% Jan
1
49% Julv 13
July
Apr
5
23Va July 15
14% Aug
.Ton
Dec
16
Jan
12
25% Feb
"J*>l/_
Apr
July 12
45
3
Jan
Apr
May
160
15% May 15
31
Oct
10 Vb
31
21% Apr 25
12
Jan
4
31
Oct
173
Feb
154
July 27
10% Apr
50
Beech-Nut Packing Co—
Belding-Hemingway.
Bell Aircraft Corp
par
25
Corp
Beech Creek RR
Beech
4% May
fit
18%
13 Va July 20
1
No
Oct
36
5
18% July
5
Oil Co__
Works Corp—
Cigars
100
117
11%
Iron
800
9%
*34%
Bath
8,200
-
106%
*115
Barnsdall
2,800
15%
29 %
?
x26
3
4
Jan
Oct
Jan
Nov
Nov
7%
17% July 10
Apr 24
5% Jan
3
43
Feb
68
3
par
Sep
Jan
4%
9ViJan
—50
'
29%
*35
No
preferred
5%%
270
50
15%
15Va
29%
35%
107
16%
16 Va
14%
*29%
Barker Brothers
300
16%
66 %
37%
7
Mar 25
9% Jan
__10
Asphalt Corp
Barber
Apr
35
75% July 13
3
3
18
60
Jun
21
50
100
July
Jan
100
preferred
& Aroostook
Conv
5% preferred
80
23%
100
Ohio
Bangor
800
11%
&
Jun
Jan
•
13
Works vtc.
-4%
7,000
?'
65
30%
*35
;
11%
*30.
15%
*
87%
7
39
B
22
May
46 Va
176
Apr ly
3'a Jan
9
Jan
49% Mar 22
107% Feb 18
fan
Apr
29% May
5
12 Vi Jun
Feb 15
24% Jan
1%
3% Aug 10
o|/8pe? i?
26
10
22% Nov
5
5
52% July
112 May 26
14, a Mar 31
7 Jan 25
74 Va
Feb
104%
37% July 24
1°0
preferred
183a
Jan
25 Va Juiy 18
125% Aug
3
& il
Nichols
Austin
3,900
10 %
°2
=01/
Atlas Tack Corp
100
18
21%
20%
20%
9%
10
440
59
Dec
July 15
93 Va July 12
16% July 1
12% July 5
T±===-*r&
120%
21%
20%*
20%
18
A174
5
20%
*119%
18
5%
5%
5%
59
58%
*119%
18
*17%
9%
5
Atft ?°SSSnSreferred"-:-:-2?
AtS convepref VerieVXI—-100
12.300
111
14%
47 a
■
*61%
200
28
63
14%
120%
*17
18
31%
110
*27%
:,
-10°
—--1
Coast Line RR
All G & W I SS Lines-.
Atlantic
11% May
13%
97%
9% Aug
53% Jan - 3
Fe——-100
preferred
!5%
2,200
4.700
55
58
120%
28
Santa.
Atch Topeka &
7,900
,
14%
*54%
55
•
63
110
14%
.58%
58
120%
109%
*27%
*61 %
31%
31
31%
110
14%
*54%
18
*17
11
*74
*119%
18
109%
Va
28
63
28
*61%
'
112% May
20
103 /a <J3.ii 19
^referred
~90
116 % July
Feb
Jun
50
g;'g
;g»
A™
38
Nov
96
7% Mar 31
Jan £
T
July
Apr
8
9% July
7
114
6
9 m Jan 10
2 Va Jan. 2
,nU
280
101 %
*104%
14
10?
preferred
24%
Jan
116% Aug
3,300
*37 Va
106 Va
101
38
7%
10
16 %
80
Jun
45%
Jan
107
Mar 22
72
600
116%
Jan
Nov
18%
75% Jun
'|fcApr *
100
'»
Va
12
105%
105
101%
30%
11%
91% July
185 % July
6%
Mar
43
Jan 26
Jan 24
74% Jan
2,400
33
107
101%
109
4274
p%?prIekTreSd:::il7o"par
Ar$6°conv
7«0
Jan
July 10
6
-Jf"
Jan
42
350
101%
106%
*61%
12,900
*37 Va
107
101%
*37
103
QOVo
103 Va
•nm/2
427/a
117
12
100%
38
42%
6 Vb
6
6
90%
105
■
No par
^ldl'd_
Daniels
Archer
900
--12-50
No par
20
—5
Mining
Co Inc
A p W Paper
2.100
4 Vi
Copper
Andes
400
n
50
50
50
12
106%
*37
42%
*11
11%
90 V4
101
105
*42%
43
42%
574
89%
89%
105
4 %
12
16%'
16%
16%
' '
11%
*11
*11%
106
50-
6
57'a
83
106
43
42%
■*<&
6
89
106%
*10%
10%
4
4
50
50
51%
5%
f
*10%
700
,b
25
™
9% May
Jan
Nov
37% July 17
3
Feb 16
24
Aug
59 %
5
90 Va Jun
Jan
50
No par
Cable.
Anchor Hock Glass Corp
$5 div preferred
Anaconda Wire &
780
116i
*115
116
*115
4
4
90%
v
11
'10%
10%
51
G
5%
*106
43
42%
51%
90%
90%
106
3%
51%
6
5%
106
10%
3%
116%
*115
116%
10%
3%
52
*89%
*115
10%
4
*51%
116%
*115
11%
4
*27%
J&n.
4
44
Anaconda Copper Mining
14.600,
30
*27%
®
134
25% Apr
8
6% Jan 3
84/2 Jan 10
6/a Jan 3
-1
Apr
43% July
24%
May 23
102
10
10
116% Apr 26
25
3%
71%
168
5% Mar 16
Jan 7
8/a Jan 3
39 4 Apr 19
preferred
Jan
4% Aug
Jan 21
Jun 6
Lead & Smelt-
$5 prior conv
55
127%
29
139
Preferred
Amer Zinc
3,100
5%
5
55%
Va
*52
Woolen
4
10% July
25
26
5
No par
No par
No par
preferred
1st
Jan
53% Jan
100
Wks & Elec
Water
$6
American
Jan
18
!00
10
-14
preferred
5<55-
Am
100
t
9
8%
8%
90'/a
90
5
4%
5
56
8%
89%
89
89%
5
8%
8%
8%
•
100
8%
class B—
preferred —.1.
Amer Type Foundries Inc
American Viscose Corp
2,000
119
100
25
-25
Co
Tobatco
6%
2,500
44%
Telep & Teleg
Common
470
12%
*52
56
*52
8%t
88%
5%
5%
5
147%
97%
8 %'
*96
8
88%
88%
4%
*54
'■
8
8
.;
162%
162%
162%
44
120
*119
97%
*96
148
148
162%
12%
44
8%
8%
8%
162%
44%
'12%
120
*119
162%
148
148
44%
97%
500
j
—-
Sumatra"Tobacco
Am
163%
12%
8%
Preferred
1,300
Nov
Sep
9%
Jan
105
147
Mar 8
22'A Jun 10
15
Jan 20
16 /a Jan 3
29
Feb 11
11.1
Jan 7
26% May 17
156 Jan 6
56% Jan 3
57% Jan 3
100
100
No par
Refining
American Sugar
3,200
'
28
*27%
28
46%
125
Stove Co
American
900
61
4%
27%
14% July
Jan 13
39% May 9
No par
No par
No par
Steel Foundries
Amer
American Stores
1,300
162%
*70
44%
*95
•
%
46
125
28
i 4,500
■It
Jan
47
27% July 15
115% July 24
147
-25
100
preferred
non-cum
28%
12%
*119
47.
126
28%
*28
23
44%
12.f
125
18
22%
24%
24 Va
18
*123%
44
44
43%
126
24%
*22
6%
28%
*44%
120
22%
—
—
Dec
27
120
13% Jan 7
13% Feb 21
26'A Jan 3
36 % Jan 3
No par
No par
No par
————100
American Snuff
150
*147%
18
18
Preferred
330
43%
*42%
43%
Amer
J"
28%
147%'
148
43%
126
40%
156%
28%
70%
71%
71
*21%
43%
126
126
71
147%
21%
211/2
U
J 43%
40
156
40
150
580
4,300
29 %
29
29%
156%
24%
24%
24
24
V18%
29%
*28 Va
*70
39%
39%
154
152%
153
29%
30
39 Va
39%
39%
152%
21%
*29 %
30
30
30
*29%
*152%
Amer
18%
July 10
42% July 14
82 % July 20
7
19
6
12 V» Jan
62% Jan
76% July
Jan
183
44% Feb 21
40
Feb 14
9
Jan 3
163
Jan 22
Razor,——.-18.50
Seating Co
Ship Building Co
Smelting & Refg
American
l.fcoo
16%
16
American Safety
100
17
*16%
Light
Jan
8%
14
July 12
95% July 13
1
Jan
5
Apr 18
Jan 4
Jan 26
Apr 19
32
2
Co
News
Power &
Amer
185
*177
182
*175
A80
3
52
6
30
132
115 'A Feb 18
No par
No par
$6 preferred
No par
$5 preferred
No par
Am Rad & Stand San'y
No par
Preferred —————————————————190
American Rolling Mill
25
4%% conv preferred
:
100
31,300
36%
37
36%
July 27
19% Jun
100
preferred
American
430
3 Va
Amer
34
68% July 18
No par
No par
No par
Fdv Co
Mach & Metais
Metals Co Ltd
Mach &
Amer
23
16%
1
—No par
100
Amer Internat Corp
No par
American Invest Co of 111
1
5% conv preferred
50
American Locomotive
No par
7% preferred
100
1,000
r
9
9
49%
9
49 %
—50
86%
Jan
44% Jun
3% Jan 3
39% Mar 31
65
Mar 27
4 Jan 10
61
Jan 19
7% Apr 25
6% Jan 12
46
Jan 10
14% Feb
4
80% Jan 4
14% Feb 29
8% Jan 4
20
Feb 15
preferred
6% non-cum
100
t
75 %
Mar 10
33
Ic«
American
9,200
7
7%
126
*10%
*124
124
123
70%
M.400
900
1,000
*22%
22%
22 %
23
*123
10%
10%
10%
10%
10%
23
43
71
70%
16%
*10%
1,100
6%
17%
50
*41
$6
6,900
5%
X71
$7 2d
100
Jan
23
23% July
May 12
Mar
X67
14
31% Jan
Apr 25
Jan 14
Jan 3
Jan 14
101 % Feb
25
Apr
2V4 Mar
8
Apr
23
Jan
3
Jun
68
Jan
15% Jan
59
Jan
No par
No par
No pur
10
1
preferred
preferred A
preferred
American Hawaiian SS Co
American Hide & Leather
6% conv preferred
American Home Products
$7
1,300
83%
43%
70%
8%
50
*8%
*49%
*22 y4
12.900
35
5%
*69%
8%
8%
83%
35
5 Va
*40%
6%
6%
*69
8%
8 Va
8%
70 %
70
6%
72
*69
V
-
70%
6%
6%
6%
6%
72
70
70%
70%
70%
43 %
*40%
44
83%
5
100
4
8,300
35
34%
5
4%
4%
*81'%
34%
4%
4%
*41
82%
34%
35
4%
44
*41
44
*81 %
83%
35
4 Va
4%
4
V4;':-
■
*80
35%
35%
400
£
22
3%
35%
83
*34%
26%
*26
26
26
20 Va
*81 %
*81%
15,300
9%
90
4
91
20%
4Va
97/a
1st
6%
3,/UO
4
25
91 %<
3%
4
91
25 Va
4%
9%
26%
*26
26%
*26
26%
*26
24'/a
4%
Jun
14
Crystal Sugar
preferred
Amer Distilling Co stamped
20
American Encaustic Thing
1
Amer European Sees
—No par
American Export Lines Inc
1
Amer & Foreign Power
No par
American
200
*9%
25
No par
10
r-10
100
Colortype Co
'
<
26%
103 Va
Oct
110% July 17
108 V4 Jan 20
108% Feb 18
lO'AJan 5
100
American
5,100
t
No par
preferred
conv
Chicle
4%
4%
9%
*103%
103%
5%
American
9%
25
25
25 Va
25
*103%
V
100
preferred
400
i
13%
17%
31%
8
82
170%
33 Va
68%
23
No par
& Fdy
Car
non-cum
Chain & Cable Inc
Am
30
13%
*103% 103%
7%
300
117%
117%
117%
117%
116
*113 Va
116
*114
117%
25 %
26%
25%
26
*113%
1
--25
100
-
"Sep
2% July
Jan
126/2 Apr 12
100
Can
.Preferred
3,800
80 Va
17%
3%
*16
American
178
39%
80
13%
25%
8%
American
17Va
*3%
6%
2,400
,:£:■.%,■■, 270
13%
25%
70%
35,700
*177
177%
No par
Cable & Radio Corp
Amer
12%
90%
13%
3%
*69%
>
1
preferred
5V4%
12 V8
39%
177
,
90%
12%
89%
17
25%
*41
"11%
Am
800
:.v.. 120
50
Corp
Brake Shoe Co
Bosch
23%
Jan
58
16
60
7%
37%
10
preferred
6%
Jan
%
Mar 29
American
17%"
5
28
13%
May 17
Apr 25
...
Dec
43 % July
41 % July 13
82
Note
Sep
97
Jan
July 14
4
26
Bank
16%
Jan
July
23% Jun
Amerada
2,800
133
*131
17Va
103%
4%
•
43%
43
133
118
Amer
140
•
:
13%
3V4
20%
43
66
18 \
44
16%
25%
3%
17%
*13 Va
103%
90
*64%
17%
17%
17
*25 %
64 Va
•
13%
*13%
13%
*16%
9%
American
17
*13%
v.
1,200
80
26
117%
2,900
20%
39
115
117%
117-
74 %
20%
80
*79%
2?%
74 %
Petroleum Corp—No par
Agricultural ChemicaLNo par
American Airlines luc
id
38%
38%
79%
115
115.
*114
391'a
79%
2574
25%
.
38%
80
177
176%
178
*176%
176%
39%
176%
178
700
*131
43%
90%
38%
1,300
28%
20%
63%
115,8
*176%
104 %
27%
17
133
preferred
6% conv
Jan
73%
20 Va
2
Jan 4
28% Jan 32
-1
50
Inc.
Amalgam Leather Co
6V4
7
July
40% July
17% Apr 19
t per share
5
103
28%
104
■*'.74 V
74
17
*131
'
40%
103%
conv
Alpha Portland Cem
300
*20
r0'/4
V
3%
41 Va
65
*64 Va
65
3%
40%
27%
27%
17
*10 %
*20
*65 %
1,700
3%
*3%
103
103
102
4%
2,800
22
96 V4 Jan 3
33% Apr 24
105
Apr 19
No par
100
No par
Mfg
preferred
Allls-Chalmers
300
21%
20%
103
*40%
102
38%
114%
*114
21
*40
40%
40%
41
*40%
38
20%
21%
14% Jan 27
100
preferred
5%
200
Highest
,vy.
$ per share
July 10
No par
Allied Stores Corp
6,100
*
4,600
37 Va
115;
*113%
115
*113%
21%
104
®40%
*102',4
.
37%
37%
37%
37%
114
,
Lowest
»
t per shar*.
% per share
Par
,
101%
*101
101 %
*100
20
19%
19%
19%
19%
101%
*20%
3%
3%
3%
19
*100
37%
114
114
21
19%
101%
%
Lowest
Shares
t per share
t per share
$ per snare
Year 1943
Range since January 1
.
Highest
V
EXCHANGE
the Week
Aug. 11
Aug. 10
Range for Previous
•
STOCK
YORK
NEW
Sales for
Friday
Thursday
Aug. 9
share
*100
37%
37%
114
114
19
19%
102
*100
37%
37%
114
share
per
19%
20 >'»
101%
$ per
STOCKS
PRICES
Wednesday
Tuesday
Aug:. 7
Saturday
Monday, August 14, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
6
11
12
5V4
-
Jan
,"■28% July
15%
-47
Sep
Sep
30
Jan
12 Va
Jan
19 % July
Jan
20% Mar
13%
x29
May
23 Va
Jan
24%
Jan
105 Va
Dec
7%
Nov
14% Sep
25%
Jan
33% July
93
Jan
33% July
xllO
114
Sep
Aug
9Va
Dec
ll7/a July
9 Va
Nov
20% Mar
Nov
397a
33
Apr
Volume
THEXOMMERCIAL & FINANCIAL CHRONICLE
Number 4307
160
LOW
>
$ per share
18%
187/a
187/'a
18 %
60%
61
46%
22
22%
22%
*18%
19
*16
17
*16
*100
106
*100
13%
16%
50%
19
13%
14
48%
48%
94%
94%
51
51
115
32
32
•
32'A
32%
38%
38%
i
38
38%
38 %
*5
'
13%
13%
48%
49
94%
947/a
50%
13%
51
41%
32%
32%
32%
32%
32%
38%
38%
38%
38%
39
41%
41%
41%
*40
18'A
17%
17%
17%
17%
18
53-
52
52
*51%
52%
52
52
llVa
11%
11%
35%
11%
36 %
35%
48
47%
■
5
47%
*47%
*52
20%
>
200
:
io.ooo
>
11%
11%
11
11%
35%
37
37
47%
*46% .46%
49%
*47%
49%
*48
20%
20%
20%
20%
20%
44%
44%
44%
21
20%
21
20%
20%
20%
21%
21%
21%
r
10%
10
10%
10 Va
10%
10
10%
10%
10%
20%
44%
10%
*117%
186
11
118
119%
10%
11%
•
186
186
118
10%
68 y2
10
10%
9%
18%
19%
19%
19%
*18
18%
18%
18%
21%
400
Bristol-Myers
100
39
*38%
39%
*31
31%
14
14
*109
110
110
110
10%
9%
19%
*18%
187
188
10%
10%
19
10%
1
19
50
:;i 420.
19%
Budd
V
Budd
18%
*17%
18%
*18 %
600
39
*38%
39%
39%
39'A
300
31%
31%
31%
31%
1,800
=•109
110 "
•
110
14%
13%
14
6%
5%
6
*109
110
*109
18%
14%
14%
14%
69
*65
69
*65
69
*65
48
*47%
48
*47%
48
*47%
6%
6%
6'A
69
•
4,500
47
?
v..
69
*65%
68
47%
*65 %
48
*47%
48
150
*
*29%
*29%
30
3%
14
14%
11%
10%
11%
10%
10%
30
30
30
30
30
14
3%
3%
3%
14%
*3%
3%
14%
3%
3%
14
11%
11%
11%
11%
30
13%
10%
11
30
3%
3%
3%
3%
1,100
14%
14%
14%
1,600
*80
82
*80'A
82
*80%
82
81%
82
82%
82%
82%
82%
*20%
21%
*20%
21
*20%
21%
21
21
21 %
21%
22
22
28%
28%
28%
28%
28%
28%
55
54
54
)■'
*54
1 ir
1
1
6%
41
*40%
1%
41%
6%
6%
6%
2,900
Calumet
20
20%
20'A
20%
1,700
Campbell W & C Fdy
27%
28
28
28
28%
2,200
Canada
20
Canada
'' 41%
.
6%
10%
11
48%
48%
8%
8%
8%
iio% 111%
111%
111
35%
35%
146%
49%
••
149
11%
49
*8%
50
111%
111%
111%
*111%
31%
*30%
31%
*30%
5%
5%
5%
5%
*5
5%
35%
35%
35%
151
*149
149
35%
*150
50%
2,400
Caterpillar Tractor
34%
95
3,500
Celanese Corp of Amer
100 A
•100%
2,000
$4.75 1st preferred
99%
99%
99%
118%
*118%
119 %
119%
10%
23%
21%
4%,
U'a
*mr
112%"
10
10%
*22%
v
*22%
23%
14
14
14
18%
18%
21%
21%
21%..
2,100
4%
4%
4%
3.800
*111%
*111
112%
*111%
112%
10
*10
10%
10%
10%
10'A
10%
900
*Cent RR of New Jersey
24 •
*22%
24%
*23%
24%
24'A
25%
500
Central Violeta Sugar Co
10%
10'/a
10%
10%
10%
1,300
*115%
11688
*115%
11681
Century Ribbon Mills
Preferred
34%
*34%
34%
1,500
Cerro de
6'A
6%
16,100
112%
10
116 S3
*115%
34%
34%
6%
99%
97
19
19%
*26%
27
*26%
112
*111%
39
40
39%
*12%
13
*12%
13
-
15%
6
•--'
39%
46%
6%
6%
6%
15%
5%
15
5%
19%
400
26%
300
Champion Pap & Fib Co
112'%
80
39%
13
13
46%
6%
6%
6%
15 A
15%
5%
5%
-
v
15
15
5%
5%
22%
22%
25%
24%
61%
62
62%
62%
62%
63
62%
16%
16%
16%
18%
18%
47
47%
15%
*15%
16%
16
3
3
24%
25%
26%
62%
62%
63%
36,200
16%
16%
16%
500
19%'
19'A
1,200
47%
300
53
120.
15%
*15%
16%
15%
15%
400
*16
16%
*16%
16%
*16>/a
16%
100
3
3%
91%
20%
20%
*20%
20%
106%
105 ?J
106 %
10
9%
46
9%
46
46 3A
*155
185
*155
109
*107
? '97
9%
*45%
*155
*85
*113%
42%
*42%
*107
109
"
V
*95
*53%
56%
*53%
9%
114%
*107
*60%
61%
46%
42%
44
*42%
106
9%
114%
113%
113%
20%
20%
106
46%
88
*85
88
*85
90
61%
10
47 A
*2%
23
89%
20%
185
..
*26%
91
106
62
*59
60
59
91%
28
89%
28
91%
90%
3%
*26%.
28
28
*105
16%
*155
185
*85
88
62
109 '
'87
97
*53%
*94 Vb
96%
*96
*52%
10
80
/■
'33%
333a
37
*146
36%
:;37
148
133%
*60%
28%
*107%
33 %
*112%
-36%
37%
'
134%
*145
*133
134%
61
133%
33%
33%
148
*146
61
33%
36%
36%
148
148
*61%
96
*52%
;
*133
134
133%
62
62
28%
28 %
28%
28%
28%
107%
*107%
107%
107%
107%
*107%
33%
32%
33%
*112%
113
113
33
34
■;
*112%
113
*112%
'
18%
17%
17%
17%
17%
'18%
18%
18%
18%
*18%
18%
19
19%
19%
19%
19%
3a
*18%
20
*30%
31%
'30%
31
For
148%
28%
*33%
33%
v
footnotes
31
31
see
'
*145
,
133%
*133%
63 '
;•>">
Jan
44 % May
38%
Dec
14 Va
Nov
Jan
45
Nov
Apr
9%
Jan
18 %
29%
Jan
13
Jan
42% July
20% July
-
7
3
.
■y
6%
Jan
104%
Jan
-
3
Jan
10% May
•
118% July
97A May
•
76%
Jan
116% May
Nov
54 % Aug
6% NOV
10%
14%
Jan ;
16 ;
Nov
24%
Jan
31%
109%
Oct
Jan
15%
Jun
9%
2%
,
35% July
Jan
105
9.'
Apr
...18% July
29 % Apr
May
20%
12
30
5
27
6
12
5
8
10
10
12
,
Jun
43
Jan
Jun
6% May
41
Jan
75
May
21%
Jan '
49
Oct
'
5% .Jan
20%
2%
Jan
9%
10% July
29% Nov
Jan
Jan
5%
Apr
18% July
65% Nov
i6: jan'
.
83%
Apr
,25% May
RR Co
Special gtd 4%
Climax
Cluett Peabody
20
135
:
;
,
Preferred
500
Coca-Cola Co
Class-A
*17%
;
*18%
113
63
'
108%
*107%
~,7
i
18%
*18
•-•-
18%
*18%
19
20
'18%
20
19%
-
19
V
20
20
+
_
31%
31%
31%
31%
*30%
31%
31
31%"
19%
*
19 V*
(
f'-
T
31%
31%
31%
32
*31%
31%
31%
31%
380
70
19%
1
31
643.
*18y«
21
*20%
•
r
-'
1,500
600
No par
conv
preferred—
—No
No
Corp
No par
Colorado & Southern
r_—;_100 \% non-cum 1st preferred—100
4% non-cum 2nd preferred—100
Columbia Br'd Sys Inc cl A
2.50
-
-
Cla»>
B
—
•
2.50
11% May
■: 47% July
;
: May 13
127%
Jan
40v
Nov
26%
Jan
40%
96%
Feb
120%
;
5%
Apr
July 10
39%
Dec
147
A
Dec
54% July
Jun
11
27
8%
Jan
July 11
16%
Nov
21
23
July 11
5
16%
Jan
1%
Jan
97%
Jan
Sep
14%
x20
15% Jun
4% July
15
July 19
•
11% Jun
116
9
110
Jan
18%
Juii
Jan
25
Dec
A
8% Nov
3'
Jan
98'
22
Mar 28
Jun
Aug
3
23
37% Jan^
Jun
3% Mar
111
13
Mar 20
27% Jun
Apr
July
23%
'
112 %
Mar
115
Sep
Jan
41
Apr
x33
4
3"
27
•
July 18
7%
32%
Jan t
*
118
Jan
99%
8%
i
109
Dec
July
50
Jan
,34
Jan
46% July 10
Oct
19% Apr
24
July
'
114% July 13
Jun
72%
Jan
16% Nov
20% July 20
30
July. 5
July
Jan
?
.13% July 28
6
33%
9% Mar 25
2%
Jan r;
18% Mar 25
7%
Jan
7% Mar 22
25% Mar 22
2%
Jan
-
10%
Jan
■
217/8
Jun
16 7a
Dec
i
22
48
Mar
9% May
17% May
7 % May
29% July 12
65 %
July 13
18% Jun
47
Jun
53
Apr
Jan
6
27
36% Nov
Apr
41% May
54
15%
21% July 12
2
Jan
May
48
Dec
19% July 10
11%
Jan
15%
Apr
23
13%
Jan
18
Jun
'
Dec
24%
Jan
17% Jun
27
3% May
July
1
8
5
30-
98% Jun
25% July
107
Feb
10% Aug
90
Jun
Jun;
115% Jan'
45%' Jun
Jan
Jan
Jan
27
Feb
63%
Dec
Jan
8%
Jun
2%
4
32%
123
67
Feb
109%
28%
12 ;
Jan
Jan
54 '•' Sep
■
V 33% Jun
28
32% July 10
1
48% Mar
33% Nov
40
"
July
Jan
7 May
153
Sep
Jan
123
July
33%
*
61
68%
Dec
16%
Dec
17%
25
Jan
Xl03%
Jan
Oct
:Dec
109% July
*
5
11
May 26
s
y.
88
23
Sep
Feb
July 11
20% July-10
23% May 27
24% May 27
Dec
50
146% July 11
Jan
Dec
92%
152
35% July
42%
108%
'
Jan
142
108 % Jun
Jun
84
39'% July 12
1
1
7
Dec
74%
116% Aug
Jan
101%
3
19
38% Mar 15
114
39% July
145
Mar
5
Sep
106
Nov 1
22
20
29% Jun
15% Aug
10%
96%
Aug 11•
67% Jun
Apr
:85% July
5
&3% July 22
•
32%
3
47% July 26
185
3% May
:
67%' Jan
19
71% Aug 11
^
4
Jan
'
24
96
25% Jan
Dec
31% May
r
109
4
4
4
Apr
97%
Jan
122% Mar 16
i
Jan
Jan
26% Jan
97A
46% July
i
Dec
100% Aug
5
Apr 19,
Jan 3.
Jan
Jan
3%
54
7
111 Feb 26
59'A July 17
14%
, U A
..
1272
-13
Feb
Mar
25%
oc
Jii
Dec
38
32%
40% Jan
3
23% Jan 6
par
103 A Mar 2.
par
25 k Apr 2d
100 ,.109 A Feb 29
Colo Fuel & Iron
350
19%'
*19
"
-5%
—.
500'
18%
18%
18%
19
18%
1,400,
113
,
Collins & Alkman
•
113
No par
(The)
-$4.25 preferred
200
34
-
P
Apr
27%
8
151
30% May 3
34 A
Apr
19%
<
29%' Jan
4%
Mar
5% July'10
Mar 16
52 A Mar 22
;
Jan
6%
31% July
3
4
Colgate-rPalmolive-Peet—»—No par
2,700
-
108
*33%
*112%
*112%
-
•
29%
28%
28%-
410
;
No par
No par
13%
19
Jun
S
*13% Nov 2
21% July 10
30'A July 7
39
Jan 3
Apr 21
9|
50
stock
9%
4
12
354:, Feb 17
50
7* gtd
Deo
xJan
Jan 12
^7 Apr
6%
x85
17% Apr 13
23 Jan 3
Jan 4
27 /a Jan 4
11 Feb 18
44 Apr 19
5% Jan 3
11/8 Jan 3
76
111.
1% Mar
7% July. 6
112% July 20
Jan 31
Jan
56
Jan
Jan
Apr 24
Jun 9
Jan 2
Jan 3
17
Jan *3
19 % Apr 20
2% Jan 13
148
30% July
Jun
%
A 40
"n
°
IThel—--1
Molybdenum
8s Co—,
1,700
148%:
63
-
Jan
52%
; ' 36%
6
Jan
22%
8
5
51% July 14
10
July 6
':■•
4
104
& St.
1,800
37 Mi
•
page
37%
Jan
50% July 27
Jan
U3A Jan
No par
100
Z'Tlc°
Cle* 4 Pitts
—•
33% '33%
31
-
July
Apr
Nov
12% July 12
;
24 May 29
77/4*eD '
25
Fuel—
ey Or.pb-Br.MO Co
60
33%
•
37
37
37
*145
62%
134
*17%
*18
37
148
33%
33%
33
62%
28%
'
19%
-
107%
28%
108
Jun
44
42
47 Jan 6
13 Jan 4
I4 /» May
Louis Ry. Co
100
"■■■■<• 5
% preferred
r—_—100
Clev El Ilium $4.50 pfd —-No par
'
r
Feb 24
5
•
61
12%
•; 30%
Jan
6%
11 %
4
27% Jun
16 A Jan
38 A J;an
Equipment----—---No par
c. C. C.
200.'
56
93
56
33%
-—
109
Clark
Jan
;
HO par
preferred
gg
600
43
98
56%
33
56%
114
*107
109
*107
760
88
88
43
-
6y2%
1.000
185
*113%
44
*52%
,p
*95
57
109
City Ice &
110
46%
*155
114
114
*42%
1,700
3
4
-v
21% Apr 25
51% Apr 18
1°
Corp
Chrysler
10
*9%
*45%
88
*85
•44
68%
9%
47
185
*155
114
*107
97
46%
10
9,800
106%
71%
*106
68
*9%
185
*42%
44
62
9%
47
Yellow CabChlckasha Cotton Oil
tChilds Co
Chile Copper CO
:ST
*33%
July
:
1 Va Jun -28
7
^V*
No par
No par
($2.50) cum div:
Chicago
4,600
<
pi
21
21
21
106""'
106
Pr
91%
91%
91
20%
20%
106
*113%
114%
90%
28
*26
28
*26
3
2%
3
<
8
18
5%
17,200
*45"%
;•
preferred
50
Chicago & Northwest'n wi—No par
5% preferred wi
100
Chicago Mail Order Co—
5
Chicago pneumat Tool
No par
$3 conv preferred
1
No par
53
15%
3
Chicago Great West
47%
15%
*
*25%
Oct
39
Jan
30% July
108
50
RR Co
5,000
2,000
23%
18% v'l9"-\
.
A
6%
53%
53
*16
16
2%
2%
0iaag
2,600
No par
40
23%
6
'
*16
157/a
15%
*45%
52%
16
3,200
*53
52%
15%
15%
-
16%
18%
*51%
52%
*95
*16%
*45%
18%
47
19%
47
7
16%
63%
*16%
19
11,300
62%
25
47
13%
47
23%
*23-
22%
24%
*51%
400
13%
46%
'
24%
22%
25%
19%:
1,200
.
--100
5
— -5
2o
preferred
».
Checker Cab Mfg
Chesapeake Corp of Va
Chesapeake & Ohio Ry
Chic 8s, East 111 RR Co
6%
'
5%
22%
52%
40
*39%
46%
22%
47
40 A
13
25
*51%
19%
6%
15
No Var
No par
Chain Belt Co
26%
39
25%
19'%
Dec
30
Nov
56% Mar
I
4APr 10
57
May 1
1
;
—100
preferred
6% prior
*111%
19%
46%
6%
•,
26%
46%
22%
47
July
8%
3% July
16% July
86% July
24% July
HO
10
f 30% Feb 15
No par
Products
Certain-teed
1,770
-
-
112%
13
22%
16%
51
35
33;
,
7% Jan 15
No par
109
Pasco Copper
26%
*19
J
46%
-
98%.
)>J,
13
46%
24%
*16%
96% July
20
41% July 17 A
8% Apr 22
20% Apr 19
100
*111%
19%
112
38%
6%
98%
98
26%
26%
5
6%
6%
1112
,•
*34
98%
•V-< *19
19
26%
112
15%
6%
6%
97%
6%
5%
6%
.
99
46%
46%
5%
6%
6%
96 %
-*111%
46 %
15
*111
1163®
34%
*19
21% Mar
56% May
20%
33
July
110% Mar
15% Jun
6% July
72
Jun
52% Mar
' 12% July
30
Aug
4
9
3
No par *
Foundry Co
1 -•
Central 111 Lt 4%% preferred—100
107
10%
34%
39%
39%
*12%
*18
112%
*115%
26%
July
28%
July 12
Aug
1
July 8
July 10
71% July 8
11% Jun 29
20% July 13,
20VbFeb24;
'
'
31%
96%
113
11
Central
34%
113
Jun
100
Jan
11%
,121
12%
190
33
Apr 19
143% July 12
44% Jan 12
Central Aguirre Assoc
4%
116?"
19%
19%
*25%
:
May 12
4
20 A
preferred
18%
21 %
4%
34%
.
5%
180
18%
21%
4%
*115%
6%
Corp—
18%
10%
96 3a
Jan
5
Jan
3
Apr 19
Jan
4
May 19
Jun
19% July
19
Jan
44% Aug
23
July'
4
97
-
No par
No par
100
No par
2d preferred
Celotex
21%
9%
6%
2,700
4%
35
35
,7%
130
14 Va
18%
9%
96%
121%
14
21%
9 %
9%
100%
120
119%
14
14
116
9%
*115%
.
*18
18%
21%
•-*10%
10%
*22%
13%
14
*111
112
112
118
119%
4%
4%
4%
Jan
Dec
19% Mar
11%
2%
Jun 16
July 7
50% Jun 21
22 y4 July 1
3
6.
43% Jan
No par
50%
35
99%
21
140
50%
34%
*18%
1
Preferred
49%
99%
18%
Jan
Jan
6% Feb 19
—1
25
100
-
33%
34%
21%
Co
49%
99%
18
(J I)
34%
99%
21%
Case
49%
34%
13%
Apr
40
26%
*' 50
33% Jan
>.8% Jan
42% Apr
5
Co
Carriers 81 General Corp
3,400
150
149%
.
1.000
36
Steel
Carpenter
200
5%
33%
34%
*118
31%
49%
99%
14%
Jun
121% July
38
*
23.% Feb
No par
5 S
100
25
No par 1
-
240
111%
.
35%
35%
151
99%
118
J 7
69%
Jan
Nov
Sep
i
July. 17 *
July 3
July 1
Aug
3.
52% July 12
12% July 5
'
1
% Jan
6
May
15% Jan
Capital Administration class A—1
$3 preferred A—+
;—1Q>
Carolina Clinch & Ohio Ry
100
30
50
50
Cahnon .Mills;.
400'
100.
8%
Pacific Ry
Canadian
13.800
50
*8%
111%
31
11%
11%
*49
*30%
111%
34%
13%
V
50
*49
34%
118
•
8%
&
Dry Ginger Ale—
Southern Ry Co
49%
49%
49%
-
35%
149
*147
49%
5
35%
35%
147
*111 'V
30%
5%
5%
5%
; -
31
*30
31
5%
10%
49
8%
42
*41%
42
10%
*8%
*49
49 V-
49
*41%
50
*48%
♦.
6%
42
10%
11
48%
*8%
49%
6%
*41 %
41%
*48%
*30
6,60ft
r
i—1 A
Hecla Cons Copper
5 fx
20
8%
49%
July
8%
417/a
7%
43
18'A
24% Jan 3
53% Feb 24
par •
50
;
Zinc-Lead
Callahan
19%
10%
50
5%
10
1%:
1
1%
No
Packing
preferred
California
2,800
<
27%
6%
48%
*49%
1
55
*54
19%
10%
10%
1%
1
29%
28%
29%
55
28
6%
48%
■»
*54
19%
*
*8%
♦
->
400
.
Nov
38
54
66% July 11
.
27% Jan 25
107
Apr 17
12% Jan
3
4
Jan
3
54
Jan
6
43% Apr 25
8% Jan
4
28
Feb
8
2% Apr 25
12% Apr 18
67% Jan
3
20 Apr 18
conv
27%
19%
28%
*41
.
"
28%
55
*54
55
1
6%
19%
28
29
28%
*54
27%
19 a
28
4ft
>
57
•
1%
6%
6%
19
5%
3
3
7
3
Jan
4
Jan 28
Jan 14
Jan
4
Jan 13
31
>
1
1Q0
___
r——10
preferred
30
Butte Copper & Zinc
5
Byers Co (A M)
:
No par
Participating preferred
100
Byron Jackson Co
—No par '
600
14%
14
—No par
Butler Bros.
4,400
*29%
,
No par '
1
6% preferred
—r
—100 '•
Bush Term Bldg 7% preferred-,-100
7.300
6%
14
\
.—No par
Burlington Mills Corp—,,
5% preferred
Burroughs Adding Mach
Bush
Terminal
400
110
par
Jan
Feb
8'A
116,
5%
98 %
47%
7%
17
16%
*
1—1
Bulova Watch-
31%
*65
30
No
Wheel
39
*47
*11%
No par
:
31%
*17%
300"
'
1-100 '
preferred-
$5 preferred
8,600
par
No par \
Mfg
(E G)
17%
Feb
22% Jan
20'A July 15
1
39% Jan 1617'A Jan
4'
*.■
5
—100
Buffalo Forge' Co—-—
Bullard Co
5%
6
5%
7%
A
■
5%
5%
:—No
Bucyrus-Erie Co
7% preferred
620
>
No par
Bruns-Balke-Collender
20.800'
10%
10%
19%
.6,000
69%
69%
-
5,300
;
187
69%
*19%
69
13%
14%
14
10%
187
68%
18%
31
*109
184
67%
v
.
>119%'. 120 rV
11 A;
10%
119%
10%
10%
_
Brown Shoe Co
40
*38
31%
31
184
119%
10%
21%
10 %
Co
Brooklyn Union Gas
5,200.
A
44%
21%
Manufacturing
31%
18
*38%
119
10%
69
68
68-
10
9%
*18%
118
107/8
185 7/s
184
187
69%
*67
r-
*117%
119%
10%
V
Inc;.
Brlggs & Stratton
'
.21
Roller Bearing Co'
Bridgeport Brass Co
i
■
Jan
Jan
Jan
(assented)-100
Brewing Corp. of America
Brlggs
4
—5 .;•>• 34%
3%
-—5
37'A
2.50 A- 12%
1—15
40%
No par
.8%
No par '
27
No par X 39
5
40%
No par
14%
Corp
Maine RR
100
49%
20%
21%
*44
___ID
(The)
3,500
:
•
46%
*44
*44
100
7.600
11%
46%
Bower
Co
Braniff Airways
30O
377/a
'
*48
49%
'
'
52%
11%
35"%
44%
Boston &
18
35%
20%
*44"
Borg-Warner
41%
*46%
45
20%
*44%
Borden
3.000
5%
5%
48
*46 %
*46%
48
5
*40
.—1
Inc
preferred
13% Mar
54%
,
,
No par
Stores
4%%
3.500
39%
NO par
B
Class
Bond
20
$ per share
,
5
f—5
Co_
class A
2,500
32%
32%
39'A
.•
5
No par
100
Aluminum & Brass
Amt Co
100
'
41%
35%
700
i
.
"
5%
Bohn
Bon
par
~
100
A
41
114%
17%
11%
210.'
•
51
'
*114
*40
35%
Boeing Airplane
700
•)
94%'
: 41
114%
*40%
*114
5%
11%
6.3001
14%
49%
*94%
*50% "5Il
41
5
{
'
114%
5%
106
No
:
Bloomihgdale Brothers...
Blumenthal & Co preferred
40
:
Co
No par
__No par
Bliss & Laughlin Inco..
500
17%
49%
-
17%
*52
47%
13%
114%
19
"
*100 >
-
41%
35%
47%
*16%
17%
.
53
*46%
*18
94%
50%
Blaw-Knox
18%
48%
*40
4,600
3,100
.
15% Jan
Highest
$ per share
share
110% Jan
115% Feb , 2.
126% July 10
'27% Jan
A
37'A Feb 24
48'A Jun 19
16
,Jan
16% Jan
3
'-22%Aug
3
6% Jan
7% Jan
3
HVsJuly 5
13% Jan
16
Jan
4
20% July 5
9'a Jan
14% Mar 14
is
July 15
76
Jan
A 93% Mar
4
106
July 5
11% Nov
J.2% Jun. 5 A 15% Feb 29
41 Yb Jan
0- 45
Jan 26 *.<;• 52% Jun 27 A
85
Nov
88'A Apr 18 v 95 , Feb
4
38% Jan
46% Jan
4
52
July 7 .
17
Jan
...
33'A Jan 26
42% July 8 .
109% May 8
116% July 19
22% Jan
28% Jan
3
34
Jun 17
100
1,900
47%
•
per
19% July 14
56% Jari 24
40% Jun 20
4
56% Jan
No par
10%
17%
106
(Del)
22 %
18%
*100
1
Steel
$
53% Apr 21
33% Jan 28
par
preferred
9%
*16%
106
[7%
22%
'
41%
5%
17%
*52
•
Foods
300 '
Jan
17
par
No
:
:
Bethlehem
<
No
Loan__
Co
&
Bigelow-Sanl Carp inc
Black & Decker Mfg Co
47%
47%
5
5
42
16%
10 '
17
13%
41
22%
10
9%
18%
94%
115
22%
•
*48
51
41
115
41%
*41
32%
*40
*100
14
*114
22%
*16%
106
47
6,700
125%
:
Indus
pfd $2.50 dlv series '38-JVO par
Best
3,300
62'A
61%
*124
Pr
,
Best
700
18%
18%
61%
125%
Beneficial
1,300
v*
38%
S per share
Par
58
38%
18%
60%
*124
47%
18%
16%
*100
.94%
*50'A
41%
47
49
*48
*93%
115
9%
*18%
13%
48% i
94%
41%
*22%
9%
106
48%
50 %
22%
16%
94%
*114
22%
•A,. 9%
18%
18%
14
47 %
18%
*56
Year 1943
Lowest
Lowest
EXCHANGE
Shares \.v
19%
19%
58
38%
60%
125%
i
19%
*56
18%
60 %
*124'
19
$ per share
Range for Previous
Range since January 1
Highest
STOCK
NEW YORK
the Week
Aug. 11
*38
•
38%
18%
61%
47%
10
,
18%
124%
22%
9%
10
58
38%
Sales for
Friday
Aug. 10
19
*56
60%
47%
47
9%
18%
i:
124%
125
47
$ per share
19
58
38%
61%
124%
125%
STOCKS
Thursday
19
*56
*37%
18%
18 %
18%
60%
*124'/a
38%
38%
19
19
58
38%
*56
"56 -Ay 58
PRICES
$ per snare
Aug. 8
$ per sMare
$ per share
SALE
Wednesday
Aug. 9
Aug. 7
Aug. 5
38'A
AND HIGH
Tuesday
Monday
Saturday
108
Jan
28% July
114%
-
2%
-
'
Jan
3
19
Jan
3%
Oct
19% July
13% Nov
*
Jan
Sep
;19% Sep
1
17%
Sep
15%
Jan
26%
Dec
15%
Jan
26%
Dec
-
Monday, August 14, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
RECORD
NEW YORK STOCK
Range for Previous
STOCKS
Saturday
Monday
;
*80%
81¥»
73%
*105
46
-
46%
47 'i
*44%
41%
27
*97
97%
1%
28.900
85
85%
2.200
16%
84 3A
16%
1%.
1
84%
5.300-
6.700
27%
28
27%
17
16%
16%
16%
16%
27
26%
26%
27'/a
27%
27 3/a'
25%
25%
25%
25'A
26
26
26 %
97%
97%
97%
97%
97%
97%
973/4
*97
97%
27%
3%
4
4
4
3%
3%
24%
106%
106%
5%
5%
5%
5%
5%
5%
24%
24%
24%
24%
24%
24%
'
106%
106% 106%
106%
4
v
-f
106%
15,700
1.400.
5%
'
24
24
24
4.600
12%
12
12
12
12
12
12
12 ¥a
12 ¥4
12%
31%
31%
31%
313/8
31%
313/a
31%
31 ¥2
13%
12%
13'A
12%
13%
13
13
13 ¥a
13 ¥4
133/8
13%
13
24
24
24
24%
24
24
13%
13%
12%
13'A
12
12%
16%
16'A
16%
16%
16%
16%
*48
48%
48%
48%
*106
106%
106%
106%
106%
106%
25%
25%
25%
*31%
25%
25%
25%
■
3.300
16 ¥2
1,000
Consolidation Coal Co
49
48 ¥4
48 ¥»
*48
49
106 ¥4
106 3/4
25 ¥4
25%
25 ¥4
25
107 ¥2
1073/s
107 ¥2
8%
.
8%
8%
8%
8%
8%
83A
8%
8%
8 ¥2
112%
*111%
112%
*111 ¥2
112%
*112 ¥2
112 ¥2
111%
11
11%
11%
11
11%
ll¥a
11 ¥a
ll¥a
11 ¥a
44%
44%
45'/a
45 ¥4
45 ¥4
44 ¥2
45
45
45 ¥2
8%
7%
•8%
7%
7%
7%
39%
11
11
11
45%
45%
44%
7%
7%
7,%
29
28%
28%
28%
29%
29%
*28%
29%
16%
16%
16%
16%
*44%
45%
*44%
*11%
ll7/s
16
16%
*443/4
11%
11%
11%
11 ¥2
*50%
51%
*503/4
513/4
*50 3/4
513/4
21 ¥2
21%
21%
21%
21%
21%
21%
21%
21 ¥4
21%
48 3A
48%
48%
48%
48%
49
49
58
58%
§8%
181
♦178%
181%
6%
6%
*178%
6%
6%
3%
3%
4
4%
25
25%
109%
109 ¥2
25%
25%
25%
25%
Corn
Exch
Corn
Products
10
180
OO
6 3A
6 ¥4
6 ¥2
1.700
6.200
Coty
5,900
Crane
109 ¥2
109 ¥2. 109 ¥2
109 ¥2
1093/4
1,370
"25%
*25
*25 ¥4
24%
24%
109%
109%
109
25%
25%
•25
21%
21%
21%
22
21%
22
22
25%
223/8
*35%
36 Va
36
36
35%
36%
35%
35%
353/4
36
49%
49 ¥4
49 ¥4
*48 ¥4
,
21%
*21
,*48%
50
•48%
49%
*48%
18%
19
18%
18%
18%
18%
18%
18%
103
102%
102%
102%
1023/4
■
102%
103
*24
*24
25
*'25%
26
Y * 107
:v
8%
108
•125
128
*125
108
;
Y
8%
8%
*125
*50
51%
51
5
5%
5
129
*50
.
52
*24%
20%
20%
39%
;
.'.15%
19
32 ¥4
7%
7'%
19%
20%
20%
20%
64
62
64
20
*60
-V
83/8
15,800
'/
20
203/8
6,800
62%
38%
*31%
32'A
*31%
32%
*31 3/8
32%
32
32%
600
39%
393/4
*39%
41
*4o
41
*40
40 3A
200
15%
32
15%
*
32%
15%
31%
15%
31%
*99
*99
100
:i7%
*17 ¥4
173/4
*17%
17%
*17%
173/4
*17%
46%
47 ¥4
47%
47%
*47%
47%
41%
*40%
41%
40%
41%
24
24
23%
24
23%
24%
233A
,24
51%
52
52
52
51%
52
51%
52
23%
24%
.
'
52'A
Dixie
17%
100
270
500
24%
24%
4,300
Dome Mines Ltd
523/4
533A
2,500
124%
,
52%
126 %
Douglas Aircraft
Dow Chemical Co
1253/4
1253/4
126
1263A
*124%
127%
*124%
127%
*103
109
1083/8
108%
108%
108 3/a
*107%
1073/4
108%
108%
♦109
36
37
36 ¥4
36%
36%
363/8
36'A
36%
36%
36%
37
10
10 ¥a
9%
10%
10%
103/4
17
16
16
9%
»;
*16
125%
9%
,
v
♦16
'
152
152 ¥2
*125%
*119
120
*12%
38
153
•119
13%
164%
*182
185
'
153
126
153
1253A
119%
1193/4
*119%
10%
10%
2.600
3,000
100
16
*15
154%
L 154%
*1253/4
126
154
120
500
;
20
120
120
12%
12%
12%
12%
12%
12 ¥4
12 3/a
12 3/a
12%
39 %
38%
38%
38%'
38 3/a
38%
3 8 3/a
38 ¥»
38 ¥2
13%
13%
163%
*182
,
185
13%
163%
'183
48%
48
48
48
20%
20 %
20
20
42%
42%
43
43%
11%
11%
4%
4%
4%
4%
186
13 ¥2
164
*163 ¥2
164
186
*183
14
14
163
*183
13%
163%
163%
-
48%
186
13%
•13%
:
,2,700
2,600
164
88%
*87
48 ¥4
48 ¥4
20%":-
20 ¥a
20%
20 ¥4
20 ¥2
900
42 3/4'
42%
43
423/4
43 ¥2
3,100
113/8
6,400
Electric
20
20
*19%
42%
42%
423/4
-
11%
11%
11%
11%
11 ¥4
11 ¥4
11%
11%
4%
4%
43/4
4%
4%
*4%
4%
43/4
4%
4%
4%
4%
4%
4%
5%
5%
*87%
893/4
*88 ¥2
89%
83%
84%
83 ¥2
42%
43
35
700
11%
43/4
*82%
84%
43
33
•82%
43
33
64%
♦105
43
100%
•100
43
35
65
105%
12%
65
*643/4
*104%
1,900
5%
30,300
101
102%
99%
101
102%
500
92%
93
843/4
86
86
86%
86 3/4
1.400
*42%
43
42 ¥2
43
43%
433/4
5.500
*34
66%
92
34%
34 ¥2
300
34¥4
"34
65 ¥4
65 ¥4
*65
1053/4
10534
*105
n.
66 ¥2
"
*34
106
106
*65 ¥4
106
67
1
106
a
13
13 ¥2
13%
14%
133/4
14
99
993/4
993/4
99"%
99%
99%
99%
100
1013/4
1013/4
101%
1013/4
101%
1013/4
170
103
100
100
100
101
102 7/a
102%
♦100
103
*100
U
%
3/4
%
%
%
11%
11%
11%
11%
11%
11 ¥»
11%
11%
11%
11%
11%
11%
11 ¥a
11%
11%
11 %
11%
113/4
58%
58%
58%
58%
58%
58%
583/4
58%
58 %
58%
59
59
see
page
643.
18.400
¥a
11%
For footnotes
70
13
11%
*1
300
'
127/a
101
103
%
43/4
91
'
13%
99
100%
*34
106
12%
99%
99
84%
*33%
64%
106
12%
90
.
•
570
1%
-
l¥a
1%
35.400
113A
11%
11%
1.700
11.900
2.400
$6
Aug
37
47
Apr
53%
Jan
3
25% July 12
Jun 30
10
50
60% Jun
Light
preferred
Publlo Service—
$5 preferred
$5% preferred
$6 preferred
tEquitable Office Bldg
7
27% Jun 28
RR common—
95
4
4
18%
25
6%
9
Jan
4
Mar 17
13%
Jun
12
May 24
111
5
21% Jan
36% Apr 18
32 A
17 A
Apr
18
Jan
17
17%
Jan
3
5%
Jan
3
Jan
12
Feb
Jan
Jun
8
18 A
52
(,29%
:
#8%
23
?8A
s
100
81%
■
99% Aug
27%
Dec
82%
Tuly
Jan
22 3/4
Aug
7%
Jan
14 ¥2
Jun
Dec
253/4
Oct
26 ¥2
Jun
6
18
Jan
2
100
Jan
10% July 13
1%
30%
Jan
17
55% July 14
,,
116
Dec
45 ¥2
Jan
Sep
9 ¥2 Apr
7
5%
Dec
17"% July 12
Jan
3
14%
Nov
96
Feb
119%
Nov
27"% July 17
15%
Jan
26 3A
Jun
6% Jan
117
v
24% Mar
7%
July 13
3% Jan
'22% July 26
17Jan
19
Mar
12
Jan
19
Jun
Jan
116
10
16% July
113% Apr
108 3A
12
Jun
10
Jan
24%
457A Jun
27
26
Jan
43
35% Jun
19
29
Jan
36 ¥2 July
5
12
Jan
20 ¥2 May
Jun 29
30
223/4 July
17%
3%
9% Mar 22
103/4 May
22% July
48 ¥2 Apr
Jan
16% Jan
Jan
Jan
33 ¥2 Mar
37
Jan
42 ¥s
Jan
17
3
5
4
12
8%
36 3A May
9
213/a
35 ¥2
Jan
Jan 25
83 ¥2
Jan
18 3/8 July 12
10
July
Nov
May
35%
Jan
100
100
Oct
Dec
16 ¥4 July
47% Aug 11
38 ¥2
Feb
45
July
451/2 July 10
22%
Feb
34
Dec
273/s July 12
57% Feb 25
15 ¥2
Jan
25%
44
Nov
73 ¥2 May
131
Jan
5
122 ¥4
112
July
7
Nov
153
Xl067/a
16
Sep
May
Dec
107%
Dec
Jan
35 ¥2
Jun
5%
Jan
10 ¥2
Dec
9
Jan
13%
Apr
134
Jan
159 ¥4 July
393/4 Jun 26
12 % Feb
2
28
162% Jun 19
17% Jun
128% Mar 24
124
Dec
130
v
Aug
120% Jan 20
115%
Dec
121%
Sep
Dec
July
14 %
184
,
9%
Nov
11%
31%
Jan
44% July
3%
Jan
87/s May
146%
Jan
170
May
Sep
184
Jun
6
40% July, 14
15 • Aug 11
171
1
Mar
40
v
5
7
3
5
17% July
24
.
:
Jun 29
May 23
'
*173
45% July
13% Jun
3% Jan
4
5% Jun
16
9
5% July
Feb
19
Jan
8% Nov
19
3% Jun
45% July
11%
.
8
18
Jan
30 ¥s
Jun 30
20% July 3
Apr
;
35
50
37% Jan Y 4
>?
14
5% May
1%
Jan
iy4
Jan
Jan
92
Nov
Nov
63/4 May
25
99% Mar
3
943A Mar
4
28%
Jan
88 ¥2
33%
Jan
42%
39% Apr
28
47% July 11
273/4 Feb
7
34 % Julv 20
57% Jan
25
101 % Jan
19
8 3/4 Jan
3
Jan
3
100
Aug
108 % Jun
Mar
3
Apr 24
68'A July
Sep
39 ¥s July
31 »A
78
Dec
8
Feb
41
Feb
81% Apr
Sep
July
8% Jan
July 10
37
Jan
—No par
Oct
17%
3
„No par
Oct
7% May
Jan
July 11
107
26
25
87
115%
Jan
Aug
175.
;
Feb
10%
105
26% July
157
v
X66
Aug 10
Apr
Jan
Nov
9%
5
64
6% Jan
33
July
10
July 11
140
Oct
.38
39'A Jun 29
323/4 Jan 31
10% Feb 28
16 3/4 May
No par
Jan
5
47
May 13
114% Apr 26
106 A Jan 7
28% Jan 21
8 /« APf 19
11% Feb 11
137
Feb 7
123 A Jun 6
117 A Jun 7
-
41
1
Oct
17
3
Mar 31
15 % Jan
43% Jan
33 % Jan
21% May
i
100
Oct
47
Jan
July
x273/^Feb 29
.95 Apr 14
;
10
._No par
31
Jan
July
21
) 13% Jan 11
2
No par
par
6
19%
1
-100
Apr 24
Jun
143/4 Jun
No par /
20
10
100
50
_No
Apr 25
21% Apr 28
100
par
par
par
par
par
par
Jan
37%
9
29% Mar 15
108
Aug
23 ¥2 Mar
11%
Jan
22'A July
108 ¥2
23 ¥a
9
140
May
Jan
49% Aug
17% July
May
Jan
16%
19% July 13
103 % Aug 10
1143/4 May 20
f
Jan
•
Sep
6
2 ¥2
14% Jan
110% July 21
Jan
41
61 ¥a May
1863A
Jan
2%
20
4% Aug
233/4 July 12
383A July 5
/| 4%
*
ii Jan
5% Apr
^
100
No par
No
No
No
No
No
No
Dec
25% July 11
97
4%
Otfs of benef Int
173
July 10
7% July 6
184 3/4
8
22% Jan
Storage
Engineers
'
9
Jan
101
Ind Am shares
5ft pref series
Aug
17 3/8
5
July 31
18
El Paso Natural
Erie
Apr
53
Dec
Jan
133/4 July
52
25
Battery— _No par
3
Gas
50
Endicott Johnson Corp
Electric
15
Jan
13%
22
10
preferred
preferred
$7
Jan
45
Jun
28
112
Boat
& Mus
Elec
x9%
4
Mar 20
15% Feb
Eaton
Electric Power A
27% July
19 y4 July
Jan
preferred
48%
48
Jan
July 19
5
30
46
163/4 Jan
273/4 Feb
Mills
Kodak Co
cum
*47 ¥4
*47%
;*4%
♦88
6ft
18 3A
7
18 3/4 Feb
104% Jan
series A
Rolling
Eastman
373/8 July
22% Jan
Airlines lnc.
Eastern
—
Sep
7 ¥4 May
Jan
28 3A Mar
Eagle-Picher Lead Co
1,000
<
186
49 ¥2
Jan
8% Jun
3
No par
No par
Dunhlll International
1
Duplan Corp
No par
Du P de Nemours (EI) & Co
20
$4.50 preferred
No par
Duquesne Light 5ft 1st pfd
100
5,600
.15
163 ¥2
*183
Jan
4%
25%
6
Dresser Mfg Co
Eastern
403A
29
33'A Jan 22
1% Jan
■
'
.
Class A
Doehler Die Casting Co
$4 preferred
463/4 July 19
3
173% Apr 29
Jan
3
5
Manufacturing Co—
Edison Bros Stores Inc
Electric Autc-Lite (The) —
483/a
"
:
3,000
154%
1253/4 1253/4
*119% 120
153%
1253A
38%
;
13%
*163%
152%
120
*16
300
37
12%
12%
38
10
17
*125%
125%
125%
126
10
*16
17
152
17
500
109%
16
52% Apr
20
Co__100
—No par
—No par
Corp-Seagr's Ltd
preferred
Cup Co
47%
47%
*40
41
41
5%
40%
17%
*47% •47%
41%
Distil
900
Jun
4
Diamond T Motor Car Co
800
4,700
100
Jun
15%
7
10
preferred
partlc
6ft
32
32
31%
Match
Sep
36%
44% Jan
Detroit Hillsdale & S W RR
15%
15%
153/o
15%
32
100
*99
100
Detroit Edison
Diamond
38%
*99
Western
Devoe & Reynolds A
38%
32%
& Hudson.,
420
38%
41 ¥4
1253/4
20
Preferred
Delaware Lack A
110 ¥2
29
20
Oct
Jan
15% Jan
1
Delsel-Wemmer-Gllbert
Delaware
Jun
Dec
Jan
10% Jan
-§
& Co
38
38%
41 ¥4
17%
8,600
8
8%
*46% ; 47%
*17 ¥4
500
36 %
*60
8%
203A
35%
35%
8
2,000
35
34%
*19%
343/8
64
Deere
38%
100
98%
99
343A
5,000
Jun
Jan
Jan
(The)
233A
Jan
11% Feb
4%ft pfd
Jan
107
26%
38 V8 Feb
ww—ttrti-n-rrrm—*»»«■»■■■wiwunrnri
Chemical Corp
Dec
Jan
96
20% Jan
Records Ino
Aug
47 ¥2
x43%
Mar 10
10
43% Jun
69
25
16
18 ¥4
Jan
27
13% Mar 16
28% Aug
No par
No par
No par
pfd
Jan
Jan
16
111% Aug 11
5
10
May 24
47
Oct
11 ¥2
24% Apr 19
123/4 Apr 24
1
Dayton Pow A Li
Sep
89
107% July 12
27
July 7
367/s July 10
81% July
5
Davega Stores Corp
5ft preferred
Decca
38
15%
15%
32 ¥2
15 %
32%
34%
19
10
5
100
preferred
Davison
15
7% Jan 27
30
(The)
— —
8
29%
333A
4
Inc
Cutler-Hammer Inc
800
39%
39%
*98 ¥2 ;
34%
19%
333/4
*60
38
32%
*39
35
19%
5
32% Feb
100
$7 preferred
A
19 ¥4 May
4%
21
Jan
preferred
ClflSS
3% May
Jan
7
21
28
Curtiss-Wright
29%
32%
*37%
32
42
343/4
19%
64
32
42 3/a
35
1,300
113
29%
193/4
100
10
25
.
17% Feb
i—10
Sugar
Cushman's Sons Inc 7ft
2,600
8
20
Cudahy Packing Co
Prior
Jan
17%
97% Jan
preferred
4%%
Apr
July
%
100
—100
preferred
preferred
Curtis Pub Co
6%
243/8 July
105
7%
16% Mar 10
48% Feb
No par
Cuba RR 6%
'42%
29
35
2,900
14%
*112%
113
*112%
.
14
14%
*14%
14%
113
7%
8
20
14%
33%
34%
*60
37%
*8%
*21
/: 42
19%
37%
/.
25
/
42%
35
7%
64
16%
25 ¥4
25
*83A "•'10
*21
42
35
34%
20y2
*60'A
10
22,300
117
*112
25%
25
25%
1,000
'
5 ¥4
16%
16 ¥2
117
*112
29
20%
7%
52
5
290
123
52
293/4
20%
34
122
5%
16 ¥4
16%
12,100
Dec
Jan
91% Jan.
2
4
2
(The)
32% Aug
15
105% May
25
100
preferred
Press
5
102 % Jan
Feb
20
par
1
1
Zelierbach Corp
Cuneo
~3%
15%
5
July 10
25
Jan
No par
.>
9 Ye
8%
513/4
5
25
*28'A
35
20%
300
124
51%
8%
117
*112%
42%
35%
7%
14%
113
*112'A
42
*35
33%
14%
14%
29%
42%
*20%
¥2
*21
43
43%
123 ¥.
■
5%
*83/4
10
25
29
42%
1,400
—
Cuban-American
Nov
Aug
143/8 Jun
45
1
20
25
100
Corp
Co
$5 conv preferred
5%
Jun
24%
107% July 26
12
5
Crucible Steel of Amer
7ft
253/s
24
45
' 144 ¥2
25
0
51
24%
25%
8%
125
*112
29
29%
16
16%
117
29%
*29%
*107
;
•25%, 26 ¥2
*107 ' J108
24%
26 ¥4
108
26
108
8%
130
*9%
113
'112%
113
25%
*107
8%
*21
25
14%
14%
*14
*112%
7,700
■''
15
*140
"'
*21
25
153/4
14%
& 24 ¥2
24%
25%
108
8%
24%
9%
9%
10
*9%
*21
,
*112
25
24%'
'
16%
16%
117
*112
25
570
Jun
25
13% July 19
No par
300
23 ¥2
144 ¥2
♦140
*24 ¥8
26
♦107
-
5%
16%
16%
*25%
79
23
'
5
117
24
/
8%
50 ;,y.
5%
5%
*16%
*112
150
125
51
£v
79
78%
23
143/4
14"%
14%
*140
150
1 24%
*25%" 26
*107
150
24%
.*140
*140
150
2,100
11
Jan
10% Jan
(,% Jun 27
25% Jun 22
No par
8
No par
Crown
Jan
3
$2.25 preferred
550
34 ¥4
'
14%
14%
14%
14%
14%
14%
-*140
1023/4
34 ¥4
333/4
*22%
22 ¥2
22 ¥2
23%
2,200
2%
.17%
12
13
13
Crosley Corp (The)
Crown Cork A Seal
100
19 ¥4
X102
103 ¥4
78 ¥2
79
*77 ¥2
79
22%
102%
3 3 ¥2
33 ¥4
33
33'/a
33
23%
23%
23 %
*77%
79
*77%
79
23 %
33%
33%
33%
33
*77%
103
1,000
50
19'/8
19
2,700
36%
36 ¥4
2.200
22%
22 ¥2
*48 ¥4
49 ¥4
19
25 ¥2
conv
July
29'A Apr
98% Jun
7% Jan
50
Co
5%
27
16
15
5% Jan
Refining
Cream of Wheat Corp
Dee
21% Jan
5
82
Jun
23/4 Jan
16% Jan
41% Jun
Internat Corp
4 ¥4
253/4
25
25
23
20
5
$2.50
Inc—.
Coty
25 ¥2
*4
4%
4%
"
25
109
Preferred
17
5
No par
Trust
Bank
190
3,500
July
l¥s May
36% Jan
.
19% July 15
4% July
3% Feb
21% Feb
1023/s Jan
.—No par
No par
Electric
Cornell-Du oilier
49 ¥2
59%
25 ¥4
243/4
109%
*
180
*6¥a
4 ¥4
4
3%
25%
3%
:
2.700
22 ¥4
10
par
1
Corp
$3 prior preferred
Copperweld Steel Co
Conv pref 5ft
series
59 ¥2
59
*178 ¥2
6%
6%
6%
6%
1.200
28
No par
Bessemer
49 ¥2
58 ¥2
180
180
181%
♦180
10
12%
513/4
22
*—
58%
58%
58%
58%
12
443/4
12 ¥a
*11%
3
28
95% Jun 23
20
Motors
Continental Oil of Del
443/4
*44%
11%
51'%
Jan
July
27 ¥4 Mar
Continental Steel Corp
*50 3/4
45
45%
A
Sep
Jun
16
'
Nov
Insurance
Cooper
Jan
16
24% Aug
Continental
100
9%
18% Jun
Jun
44 ¥2
3
Continental
900
Jan
18% Jan
Continental Diamond Fibre
4.300
29%
July
;
1
1.600
16%
July 15
.
No par
pfd
100
25
1.400
30
50 %
1% July 13
20% Jan
100
16%
16%
11%
*48%
58
*29%
Jan
21 ¥2 Mar
65.800
8
29 ¥2
293/s
30
16%
45
*443/4
45
29
*50%
52
*50%
16%
16%
28%
29 ¥4
*29
7% %
7%
*293/8
29
28 3/4
29%
291%
28%
39 ¥2
383/4
38 3/4
39
39
*28%
383/4
38 ¥s
38%
40
*39%
104'A
9% Nov
Inc
Can
Continental
10
44
107 ¥4
2
preferred
8ft
100
2.600
40
Jan
106% Jan
11
41
Jan
25%
15% July 11
Continental Baking Co
111%
30%
3
Corp of America
2.700
8%
•111%
6
87% Mar 11
50
Container
19 ¥4 July
12
$4.50 pfd—No
Pow
Consumers
4.300
25 ¥4
25 ¥4
-r
490
Jan
11% Jan
preferred
$2.50
200
112%
*8%
*111
1.700
133/4
16 ¥4
98 ¥2 July
Jan
Consolidated Vultee Aircraft
conv
Oct
Jan
19
July
43% Jun
3
5
15
4.800
$1.25
Sep
73
•
2% Feb
24% Nov
Gas
24
13
16 ¥i
106 ¥4
Natural
47 ;
1
No par
Laundries Corp
Consol
Jun
77 ¥2
Jan
9
Jan
1
preferred
13%
23%
12%
16%
*48
;•
49
*48
$2 partlc
15
8% Feb 23
21% Jan 27
No par
preferred
Consol Film Industries
$5
233/4
233/4
12%
■
No
of N Y
Consol Edison
V
5
Corp
5 ¥4
Jan
i 22% Jun 23
3
243A Jan
23
Jan
;
% Feb
79
No par
No par
No par
preferred
$4.75
Consol Coppermines
Feb
1%
40%
6
9
Mar
93 % Jun
.
40% Feb 15
14 % Apr 18
No par
Congoleum-Nairn Inc
Consolidated Cigar
*16 ¥1
233/4
105
No par
pfd
Consol RR of Cuba 6ft
12%
37% Jan
100
Conde Nast Pub Inc
5% Mar
16% Apr 24
-39% Jan 25
10
Edison Co
Commonwealth
Consolidated
'
23%
*16
14
No par
$6 preferred series
1.500
31%
Feb
preferred
conv
3,600
12 ¥2
31%
84
No par
Commercial Solvents
No par
Commonwealth & Southern—No par
2.000
31%
12
80
37
85% Mar 14
7
Comm'l Invest Trust
50
3.000
24 ¥4
5¥4
53/8
5 ¥4
24%
3.000
2.100
107 %
107%
107
53/8
5
24 ¥a
-
24%
243/8
24%
x24%
200
:
4
3%
4
3%
24%
243/s
106%
24
24%
3.700
28
273/4
*16%
*26
24%
23%
16%
16%
25%
26
3%
473A,
26%
27
24
47
17
27%
27%
*16%
•97*
84%
3
Feb
No par
Pictures
$2.75 preferred
Credit
4%%
106% \
-
Jan
70
par
No
Co
Highest
$ per share
*
79%
Apr 25
76
Commercial
47%
1%
84%
1
1
84%
2,500
*106
47
Carbon
4.200-
:
41%
413A
5%
Columbian
Columbia
106%
'
*106
*
45
300
'
203/e
19%
*44%
45 %
42%
16%
16%
16%
27%
*
106%
48
47
47
1.
17%
26*
*26
*1053/4
106%
20 3/a
v
370
:
90
90
91
203/«
41%
84%
85
26%
26%
26%
45%
41%
27%
17
20%
20%
41%
*16%
27%
27%
*16%
*87%
*44%
1%
84%
84%
75
45%
16
16%
1
1%
1
75
20%
46%
47
16
16%
16
84%
90
90
91
♦105
106%
♦105
75
"
/4
preferred series A
preferred
6ft
•
2.800
t per share
t per share
100
100
Columbia Gas A Elec—
111.500
•
'
82
74%
75
41%
41%
41%
i 106%
46%
733/4
-;v
"
5
81%
20%
19%
*44%
41%
73
>•
4%
5
82
*44%
*19%
46
41%:
73
;-1-
43/4
81%
82
♦90
20%
19%
*44%
,\V
90
90
3/4 f
4 3/8
813/4
.
S per share
Year 1943
.
Lowest
Lowest
EXCHANGE
•
Shares
t per share
S per share
per snare
4%
81%
4%
73%
*72%
91
*90
t per thare
81
81
S, |
81
4%
4%
4%
:
the Week
Aug. 11
Aug. 10
Range since January 1
Highest
STOCK
NEW YORK
for
Sales
Friday
Thursday
Aug. 9
Aug. 8
t per share
S per share
*72%
,
Aug. 7
Aug;. 5
4%
LOW AND HIGH SALE PRICES
Wednesday
Tuesday
-
X32
Sep
23 ¥4
Jan
5
49¥2
Jan
58 ¥2
Sep
July
3
101%
Dec
103 ¥2
Dec
2%
Jan
9 ¥2
Sep
.
14% Aug 10
54
Jan
92
July 24
July 1
57%
Jan
92%
Sep
62 ¥1
Jan
96
Dec
1% Aug 10
%
Jan
_No par
89
Jan
3
102
.No par
92 3A Jan
10
104
2
No
par
% Apr
.No
par
9% Jan
25
4
.No
par
9% Jan
3
13 ¥2 Mar
100
46% Jan
3
59% July 17
1% Mar
8%
133/4 Mar 22
Jan
16% May
8
Jan
16% May
52% May
-
22
Sep
39%
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4307
160
Volume
LOW
9
•83%
85
10 V8
10%
83%
83%
*83%
86%
10%,
*83%
85
10%
10 Vs
10 Va
10 Va
10 Va
13%
13%
13%
36
36 %
36%
36%'
39%
39%
25
25
12%
16
4Va
*3%
40%
40%
40%
x39Vs
25%
24%
25
12%
12%
12%
12%
15%
*3%
25
~
*83%
86%
r
10%
r
10%
X
12%
A 12%
13%
/A.
4
:
.
39%
39%
68 Va
5
6% Apr
9% Apr
19
Jan
18
11% July 14
15% Jun 29
3%
_5
3
21% Jan
3
2.50
2% Jan
25
25%
12%
13%
7
& Co
No par
105
105
16%
16
104
105
*104
8%
*21%
22%
*21%
22%
*21%
20 %
20%
20%
20 %
*20%
21
*20%
26%
100%
*100%
22%
21 A
9%
27
26%
100%
'23%
7
Federal
5.600
9%
*9
9%
'27%
27
27%
101
101
101
22%
300
Federal-Mogul Corp
9%
9%
*27%
27%
Federal Motor Truck
1.300
Federated
22%
22%
22%
22%
23%
23%
23%
23%
23%
•49%
49%
49%
49%
49%
49%
*49%
497/s
500
47%
47%
46%
47%
46 Va
46%
46%
108 %
108 %
*108
108%
108 Va
108%
*108
108%
46%
108%
42
42
42
40
41
40%
40%
23%
24
22%
23%
22%
23
23
*107% 110%
*107%
*107%
110%
*107%
*35%
*30%
30%
30
6%
7
47
*46
13%
*13%
13%
20%
20%
*22 %
22%
*22%
//
20%
32%
33%
*32%
6
6%
6%
4%
4%
44%
137/a
/ZT4
59%
58 Va
58 Va
20%
*20%
21%
21
21
21%
21%
1,300
22%
22%
22%
22%
22%
•22%
170
20%
32%
6
6
6
4%
4%
4%
4%
16%
16%
800
42
42
370
4%
16%
16%
41
40
*15%
17
*15%
17
16%
16%
16 Va
40
*16
16'%
41
4% %
4%
6
40%
Fruehauf
110
41%
112%
39%
41%
17
Gair
6%
6%
> 6%
6%
6%
6%
6%
6%
6%
,6%
6%
6%
16%
16%
16%
16%
16%
16%
16%
16%
16%
16%
17%
3,000
'
53
54%
*53
!
13%
13%
13%
*106
106%
106%
8%
8%
8%
*150%
*
153
*150'/s
/" *9 %
9%
9%
/
6%
*16%
6%
6%
*
28%
*27%
*148%
37%
38
37%
/
43
42%
f
3%
3%
*130
37%
38%
42%
42%
*113
113%
3%
3%
*130
133%
130%
>'
37%
42%
43/
60%
4.500
152
20
150 Va
*148
152
*148
10%
10%
10%
10%
10%
1.500
6%
6%
6%
6%
4.800
General Cable Corp
16%
./ 17
16%
16%
100
3%
42%
113 Va
113 Va
110
3%
3%
3%
30,200
133%
*128
130
130
108
108
61%
61
*129
130%
130
62%
130
129%
130
52%
52%
•52
12 '/a
12%
12
12%
21%
27,600
129%
52%
53
52%
52%
12%
12%
12%
12%
12%
12%
21%
21 %
21%
21'%
21%
22
/
21%
8%
8%
9 Va
9
3,100
General Printing Ink
8%
8%
9
8%
9
8%
9
8%
1%
1%
1%
2 Va
2
2Va
4,800
*1%
1%
1%
Gen
1%
24%
24%
24%
24%
24%
24%
24%
25 %
*52
53
*52%
'
1%
1%
;
24%
*24
~1%
1%
*82
1%
"1%
2
83%
83%
84%
*23 %
23%
23%
84%
:
:
23 %
23 %
21
"2%
2%
18%
77%
1'8%
18%
77%
78
24%
24%
24V4
24%
28
27%
*112%
28
27%
113
23%
23%
23%
103 %
102%
23
23%
*102%
*112%
,
102%
103%
12
12%
29%
900
112%
23'/a
1,700
*18%
18%
113
28%
23%
78
*27%
78%
24%
23%
18%
*112%
24%
23%
77%
24%
77%
23%
18%
24%
78%
23%
78%
24%
*24%
18%
90
78
*24%
28
*27'%
28%
*28
28%
113
112%
112%
*110
112%
29
23%
12
12%
12%
12%
12%
85%
85%
*84%
85%
84%
16%
16%
16%
16%
16%
*96%
*96 Va
98
23%
97%
23%
24
51%
51%
51%
51%
\$3%
*51%
1%
1%
1%
.1%
4
1%
3%
116
116%
52
1%
1%
--*$.%
116
'
49%
49%
49%
103 %
*103
45%
;v45%
*103
,
45%
,
*111
112
*111%
14
14
14%
*109
109 7/a
*109
5%
4%
4%
*4%
17%
■
'
:
6%
-' 4%
*17
4
*103
103%
50
103%
7
£l5;
49%
103
45%
14% '
46
45%
•111%
45%
112
112
*110%
14
109%
*109
14
109%
5% // 7sA
7
4%
118
49%
49%
■■/
4
117
3%
118
'16%
*96 Va
14
109 7/a
4%
97%
24
24
24
24'A
52
52
51%
2
2
3%
3%
118%
118%
100
97% '
24
52
1%
>
103
600
2'/«
17,200
3%
800
119%
121
640
51
5,300
104
200
51
50%
*103
103
103
51%
2
119
49%
50
3,000
3%
u
8,300
47%
46
45%
112
45%
*110%
45%
111%
111%
111%
500
14%
14%
14%
1,900
111%
60
5 Vs
500,200
14
14%
110
*110 Vs
111%
5%
*110%
4%
5%
4%
4%
*4%
4%
4%
17%
17%
17%
17%
13Va
36%
13 %
13%
37
13%
13%
12%
36%
*36%
*23%
24%
*23%
16%
15%
16%,;
16/
16
16
15%,
16 %
16%
/ 16%
16
16%
38 %
37%
38 Va
37%
38 Va
38'/a
38%
37%
39
37%
38%
37%
27%
27%
27%
27
27%
27%
27 VB
27%
2,000
26%
26%
27'A
26%
*
/
154%
154%
*153%
20
*153%
154 Va
59
47%
900
*153%
*56
59
*56
24%
59
48
48
A
*23%
*153%
*56
24%
154%
59
48%
48%
*23%
153 %
•56
•23%
24%
153 Va
/
*153
*56
59
24%-'
154%
59
48
48%
47%
47 %
21%
21%
22
'
■
*23% £24% ' V
*56
47 Va
47%
47%
21%
21%
21%
21%
11%
*11%
11%
*11%
11%
11%
11%
*14%
14%
14%
14%
14%
15%
14%
5%
5%
14%
14%
165
5
5%
*5
164
5%
5%
*162
14%
165%
164
i-5%
164
4%
*161
5
5
164
*161
Hosiery
Graham-Paige Motors
170
13'A
12%
12%
12%
12%
12%
12%
13
12% " 12%
12%
13
52%
51%
52%
51%
51%
*51%
52%
45%
45%
45%
45%'
45%
45%
46 Va
45%
46
45%
4,100
8,000
200
5,800
/;
210
V
7,100
'
3,700
53
52%
52%
52%/ 52%
45%: /. 45%
Grant (W T)
5*
■
2,600
5%
164
Granite City
Iron
-
Gulf
Oil
par
par
Prop—-No par.
pfd—No par
Sugar
No par
-———100
100
1
No par
10
1
No par
100
No par
No
Deferred
900
par
par
Ore
West RR
Green (H L) Co Inc—
Greyhound Corp (The)
5%%
preferred.
Grumman Aircraft Corp
Guantanamo Sugar
8% preferred
Gulf Mobile & Ohio RR
vfir
25
Corp
17
Jun
20
5
2%
Jan
1%
Jan
9 Vs
Jan
14%
July 18
19%
Jan
30% July
July
Jan
Jan
Feb
May
43'A Feb
19'/a Feb
11 Apr
11
Apr
3% Apr
123 Jan
6% Jan
33
Jan
3
6%
5%
6
134
28
3
4%
7% July 10
2%
Jan
18% July 10
7%
ro ?
Jan
v
-
18
32
18%
*14%
15
•107%
108
18%
*146
*7%
.105
33
*31%
30%
31
30%
30%
18%
18%
18%
14%
15
15
108
108
*18
14%
*107%
108
18%
147%
8
105
18%
>146
;*7%
105
18%
147 %
8
105
ia%
*146
7%
*31%
31
*18%
15
*107%
*31%
33
*30
31
18%
147%
7%
*18%
*146
*7%
«in<;i/.
33
*31%
V 31
29 Va
700
19
19
15
15
15%
*106
111
110
*106
106%
110
106 Va
50
18 Va
18%
800
*105
18%
18%
*146
147'%
.8
30
210
15
15
11(15
Hackensack
33
19
19
18%
*105
*105
>105
*105
33
*31%
-•7%
CA
*105 Va
18%
147 Va
7%
110
*146
7%
*105Va
147
7%
110
1,400
10
Water
.25
preferred class A.
.25
Hall" Printing Co
10
Hamilton Watch Co
No par
preferred
>00
Hanna (M A) Co $4.25 pfd__No par
Harbison-Walk Refrac
No par
6% preferred
100
t Corn of Amer Hns« A
1
7 %
6%%
Jun
71%
Jan
8% May
18% May
98 Vs May
12
20 Va
Jan
> 32% May
150 Va July 24
130%
Jan
39 Va July 11
30%
Jan
43% July 12
34
Jan
101% July 11
29 Va July
113%
July 31
134
3% Aug 11
134
July 31
July 12
Feb 11
-130
Jan
107%
Nov
137
July
Jan
56
July
125%
17
13%
4'/a
6
8%
Jan
2Vs May
Jan
25% May
Mar
*104
Aug 10
31%
Jan
25% July 10
15%
Jan
19 Va July
12
9%
Jan
88 % Jan
22
15
115
Jan
Aug
1%
Jun
59
Sep
23% Mar
,
"
15 Vs
Dec
Jan
91
16%
Jan
24 Vs
15%
Jan
23% May
108
22
25% Jun
■
60
' July 15
113Va Apr
Jun
Jan
%
31
July
as
2% Aug 10
26% Jun
Nov
6 Vs
24% May
12%
28% July 10
118% Jun
8
6
39
Jan
3
Sep
131% May
Nov
Jan
90
Dec
83%
Jan
9% July
Dec
128%
2%
2% July
Sep
3
July
17Vs
23% Jun
,
119 Va
120%
Jan
3
52% Aug
Nov
39% July
44 Vs July
1% AUT
93
13% July 26
3
3
148
44 Va
July 13
131% Apr 11
117
66
19
Jan
14%
July
Jun
113
Dec
25%
Jan
Jun
Aug 10
104
9% May
July 10
4%
Jan
Jun
17
60%
Jan
74
17 Va Jun
19
5
Jan
14'A
7
59
Jan
85%
14%
Jan
22% July
41
Jan
48
13 %
3
/90
x99% July
July 11
52
Aug
1
2 Vs Mar 27
25
Jan
May
Sep
Oct
Jun
1% May
4
1%
Jan
3% May
73%
Sep
97 Va Aug
54% Jun
11
19
24%
Jan
Feb
17
83
Jan
Jun
19
25 Vs
Jan
41% July
112% Jun
26
90%
Jan
108 Va July
4%
Jan
9%
Jan
101%
4% May
121
Aug
104
50
15% July 15
110
.Aug
7
Aug
5% July
80
9
Apr
Dec
2% May
3%
7
5
19
Jan
Dec
6%
Apr
Jan
17
7%
Jan
13% May
11
25% Mar 15
Feb
37
Sep
24
v
Dec
26
July
13%
Dec
18
Apr
8
17
July 12
39% July 28
3.
3
Oct
41
37 Va July
3
43% Apr 25
Sep
29%
July
16
3
3
15
23
17
17
29
18
3
26
3
45%
102
5
18% Jun
21%
Jan
8
23 %
Nov
Mar
29
Aug
156
Feb
67
50 V4 Jan
32% May
27%
Jan
Jan
Dec
Sep
65
Jan
31%
Jan
50
Sep
14 Vs
Jan
21%
Dec
11
Jan
13% July
10 Vs
Nov
57%
5
'
15
12 Va Jan 24
24 V» July
16 Va
July
154
138
2
3
July 19
17 % May
2%
Jan
5
Jun
81%
Jan
160%
Jun
17
23
3%
Jan
10 Vs May
25%
Jan
41%May
49% May 19
44 V*
Dec
50%" July
"
5% July 15
Aug 11
170
16 Va May
59
Jun
»\' 02
(modified;
——100
July 17
May
5
Apr
4
28% Jun 26
33
38
15% Mar 13
19% July 14
3
16% July
27
r
preferred
Jun
Aug
9%
iat
if*
>
*31
151
Jan
11% July
Dec
9%
Jan
Mur
H
in
Apr
11%
Jan
•
*31 7* 33
Jun
Apr
Jun
Jun
Jun
U
,
0%
14%
53%
Jan
9% Jan
5
9% July
Jan 20
May 18
Feb 8
14% Jan
25%
24%
143%
57
Oct
28
49% July
23% Jun 28,
.
Jun
4 Vs May
Aug
<*an
Jan
Jan
4%
51
8% Jan 3
100 V* Jan 25
1 % Jan 3
3A
15%
9%
32 Va
Jan
Dec
107
3
4
Jan 3
Feb 7
Jan 3
36% Feb 8
104% Jan 3
*
2A
85 %
40
98
par
Ry 6%
Western
Preferred ———
Great
75
Sep
38% July
31% Jun
Jan
18% Jan 4
45
Apr 26
par
10
20
Co
Great Northern
par
No par
No par
:
15%
Feb
155
6
11 Va Jan 19
x83 Jan 7
5
S & P
Steel
preferred
Great.Nor
7% Jan
69 Jan
par
par
par
100
1
Green Bay»&
15
164
900
■
14,900
11%
11%
*11%
*11 Va
*11%
v
22%
21%
21%
22'A
'21%
14%
convertible
Preferred
//
12%
*36%
37'A
$5
No
No
-No
preferred—No
No
37%
13 s-a
-
Co
Gold & Stock Telegraph Co
Goodrich Co (B F)
$5 preferred —
Goodyear Tire & Rubb
Gotham
Jan
29% Dec
Jan
110 Jan 14
19% Feb 8
99 Feb 17
50
}
1
100
preferred
Granby Consol M
36 %
No
No
No
No
No
Brewing
Grand Union Co.
13
.
conv
tGocbel
5%
50
16
37
Apr 26
Jan 3
Apr 25
Apr 5
Jan
19
100
5
(Adolf)
Gobel
900
36%
37%-.
4%%
(The*
Co
GH^den
—
400
13%
-
preferred
3,200
37
13%
'
$6
/:
*36%
,V
Glmbel Brothers
-
//
4 Va
17%
*17
:M
preferred-.
conv
13'/a
*4%
4%
17%
5
$5
200
3,600
16%
97%
17%
'
17%
5,500
//,/ /://
•
16%
16% *'• *
16 %
97%
*
3%
-*96 %
'
23%
23%
*17
*96 %
98
'16
23%
>51
■:.
•
Gillette Safety Razor
14
Jun
May
102
112
Apr 11
l'/sJan 3
51 Va Jan 12
,.——.-100
preferred
4%%
18%
6%
1%
19%
No par
Tire & Rubber Co—
General
90
12%
12 Vs
12
12
12 Va
Telephone
preferred
6%
20
21
14 % July 20
107% Jan 14
?
22% Jan 20
Corp
Gen Time Instru Corp
19 % May
Jan
51
4
20
General
Jan
16%
19
3
4
preferred—No par
Gen Steel Cast $6
800
105
*103
104
'
84%
16%
104
23%
23%
•23
23 %
*102% 104
103%
*110
4% Jan
vnr
1
General Shoe Corp
590
10 Va
7% July 10
Jan 11
Jan
Dec
5
12
54 Va May
19% Apr 25
14% Jan 4
76
Jun 9
500
.
.
Dec
Apr
18 Va Jun
Jun 21
Apr 28
Jan 24
Feb 8
Jan 3
36% Jan
—No par
General Refractories
1,300
54
7
128
Mar 18
31% Feb 4
125% Jan 28
—100
1
No par
div series
$6 pref opt
900
24 Va
90
77%
Railway
Realty & Utilities
89%
23%* S 23 Va
18%
18%
88
'
Gen
Gen
13% July
Feb
3
102
No par
Signal
preferred
2,300
.
*88%
86
*18%
78%
.
2%
2%
2%
2%
85
'
*18%
~2%
-
Jan
39%
18% May 20
115
1
10c
;
Public Service
136.900
25%
25 Va
*119
9%
22
9% July
53
5% July 10
July 5
2% Feb 10
No par
Equip Corp
Gen Precision
2,100-
21%
21%
21%
■■
N"
Common
2,200
12%
12
•119
*119
*119
*119
*119
>
Jan
17
113Vs Aug 11
No par
Outdoor Adv A
Jan
35
Feb 24
40% Jun 10
—No par
preferred
$5
Gen
3%
30%
114
81% Jan 4
25 V* Apr 19
140
Feb 16
100
10
.
/General Motors Corp
800
1,400
52 '
52
preferred
Jun
5
1
4% Jan
conv
5%
120
:
62%
129%
62 %
61%
61%
129%
400
108
*104
130%
*130
130%
132 Va.
132%
108
28
47 Va
V % Jan
preferred series A-No par
General Mills
1
No par
$6
30
4
10 Vs Feb 11
100
Corp
Foods
Jan
51
No par /
No par
No par
No par
Gen Gas & Electric A
Jun
19%
42% July 12
3
Jan
Jun
8
36% July 11
Apr 18
105
41%
7%
143
6%
Jun
36
13 % Feb
100
preferred
$4.50
.
'
130
*104
130%
General
4,000
43
42%
.3%
July
25% Feb 10
16 V2 July 19
4% Jan
3
No par
preferred
109
17% Jun
5
preferred
General Electric Co
21,900
38%
cum
7%
;
113%
42%
*113
7%
General Cigar Inc
1,400
20
38 %
38%
38'/a
43
27%
*148Va
*148 Va
38%
'
190
100
x27%
27%
400
17 V4
.
100
100
99%
27%
'.22%
Jan
Jan
4
No par
Class A
39%
Jan
25%
3
No par
?
No par
General Bronze Corp
Jan
15%
5
105
15
2% Jan
9
5
preferred
$8
'
Jun
May 13
23
2% Jan
General Baking
Jun
July
.43
97%
23% July
12% Jan
50
preferred
Gen Amer Transportation
700
9
3%
130%
129
47
8%
9
87/a
113%
108
61%
47
3%
130
129 %
47
113%
108
60%
47
9
113%
1,30%
129%
107
27%
27
38
108
61
129%
*106
Jan
31%
66% Jun
29 % Jan
No par
No par
$6
200
107
*148%
130%
110
60%
98%
108
*108
*130
*129
*16%
27%
*148%
150
-3%
-
134
*130
42%
*113
113%
*113
6
16%
27%
:
1.100
*106
50%
14% Mar 28
30 Va Jan
103
5
Gaylord Container Corp
5%% conv preferred
Gen Amer Investors
20
13%
13%
13%
13%
54 Va
54%
54 Va
*53
13%
Co
Industries Inc
Wood
Jan
70
ho par
No par
1
(The)
Co
19 Va
Jan
58% Mar ' 7
May 16
Jun
9
May 1
20
6'/a
.10%
.
6%
16%
28
150
150
150 Va
153
*98% : 99%
17
99% "
*27%
*
8%
9 //■
6%
*16%
99 %
;
107
47
47
:
10
10
*98%
v
16%
*98%
150%
-
9%
6'/8
47
8%
153
'
*106
47
46%
8%
'
"
107
*106
54%
13%
13%
13%
13%
*53
54%
*53
53
107
46%
46%
*46
"
)
Gar
11,300
16%
V/
Gamewell
Gardner-Denver
17%
Nov
31% Aug
8% July
3
Jan
No par
1
cl A
preferred—
98%
38% July
5
' 16
Jan 18
20
Jan
4
13% Jan 13
1
(Robert)
Inc
Co
6%
Jan
19
26% Jun
53% Jan
100
(The)
Gabriel Co
4,300
July
42
July 14
43
109
24%
5%
44%
11V*
'
*16%
17
*15%
3.400
6
4
18% May 4
104 V* Jan 13
34 % Jan 13
10
Co
Trailer
,
35 Va Jan
No par
100
preferred
Apr
25%
3
pfd
Freeport Sulphur Co
700
41%
*112%
'
.
F'k'n Simon & Co Inc 7%
900
33
40%
112 Va
4%
Corp
preferred
prior
Francisco Sugar Co
■
40 Va
6%
16%
32%
6%
Dec
6%
Jan
25%
Jun
10
Corp
Machinery
Foster-Wheeler
800
16
105
112%
112
40
15%
:
*103
33
*32%
39%
112
16%
*15%
32%
112%
40
17
•
105
*103
6
39%
40
*■
Food
18 Vs
Jan
12% Jan
109
No par
Food Fair Stores Inc
Deo
78%
8
1
-10
10
25
700
400
«fuly
15
27
100
14
Nov
19%
105% July
29% Apr
Feb
3%
July 20
par
Corp
Jan
13
Jun
par
preferred
conv
59
58%
15'A
15 Va
105
*103
32%
*22%
15%
*15
15%
105
*103
4%
4%
5%
470
13%
Steel
Follansbee
3.000
45%
13%
6%
6%
4%
*15%
/.•/
7
6%
7
58%
*112
112%
40
44%
31 Va
13%
39%
40
112
*112
*i6%
31%
Florsheim Shoe class A
700
58%
32%
32%
40
112
41
*39%
105
*102
v
*6%
36%
31%
13%
*15
'
105
*35%
11 Vs
Jan
18%
5
50 Va
par
No
23
51
.—No par
Co
Stove
6%
101% July 12
23% Jun 26
5
Mar
May
86
4
28% July 10
27
42
28
Nov
8% Nov
24
July
3% July
21
103% Apr 25
No
Florence
100
Jun
Jun
29% Mar
30% Nov
21% Aug 11
10
Jun
Nov
% Jan
21
Aug
24
3
Jan
38% Feb
No
(The)
Co
preferred
$4.50
110%
45'%
•22%
22%.
15%
*15
15%
*15
*103
31 Va
6%
44 Va
Flintkote
Jan
Jan
45
100
Stores
National
First
4,300
45
*58
60
*58
61
31%
6V2
80O
1.700
20
19
17% Feb
105
Nov
9%
14%
"
26% July 17
14% Jan 17
17
25
preferred
237/s
13 %
47
*13 %
20%
*107%
36 Va
4% %
41% Jun
78
5% Jan
4% July 14
Jan
3
Apr 18
Jan
3
93
—$2.50
Firestone Tire & Rubber
41
•
44%
*45%
*59
llOVa
*35%
43%
7
6%
7
36%
-23%
-
Corp
Phen Fire Ins N Y
Fidel
3,800
108'A
"
'
41
•
23
*107%
31%
31%
31%
31%
110
*35%
36%
*35%
36
36
36%
// 6%
110%
-108
108%-/
40%
40%
23%
42
/ *23%
47%
Enamel
Ferro
1,300
49%
47"%
47%
4% %
180
22%
Dept Stores
conv
preferred
37% Jun
Jan 18
Jan 21
Apr 26
Apr 24
5
Jan
4
22% Jan
3
No par
100
1
;
*49 %
46
33V*
21 Va
9%
14%
100
19%
17
No par
101%'
101%
101%
—5 /
>
3.000
9%
27 %
101
2
Federai Min & Smelt Co
600
9%
27
101
101
22%
21% -21%
,
15
No par
Traction
&
21%- :
21
22%
,
Light
$6 preferred
1,020
49%
22%
49%
20
Fajardo Sug Co of Pr Rico
22%
•21%
/'
105
*104
105
*104
♦26%
9%
9
9%
.
°
17%
17
17%
16%
Corp__
•
■
22%
*22
16%
Co
Farnsworth Televis'n & Rad Corp.l
9.400
■
16
104
104
104
16
15%
,
Cleaner-
Vacuum
Products
Fairbanks Morse
7 77,: 3,000
127/8
$ per share
Jan
1,400
25
Highest
July 31
Exchange Buffet Corp
500
12%
shared
f per share
84
Ex-Cell-0
39% /
t per share
15
2.400
24%
8 per
Par
78% Feb
Eureka
24%
12%
.
Lowest
Highest
50
Evans
4Va
*3%
v
•_
2.000
36%/ 37%
••..:•
v':
Erie & Pitts RR Co
10
.
:
2.600
13%
13 Va
-36
Shares
share
36V4
...13%
36::
40%
40
25
25'
13%
36
4%
4
4
4
4
4
*33%
*13%
13%
36 %
*38
S per
10 Va
131/a
13 y4
S per share
$ per share *
Lowest
EXCHANGE
;•'•
Year UN',?
Range since January 1
STOCK
NEW YORK
the Week
Aug. 11
Aug. 10
for
Sales
Friday /•'•
Thursday
Aug. 9
.
$ per share
per share
*83 %
85
10 Vs
/
S
per share
'
Range for Previous
STOCKS
PRICES
Wednesday
Aug. 8
Aug. 7
Aug. 5
HIGH SALE
AND
Tuesday
Monday
Saturday
1
11V* Apr 26
106
Apr
11
111
102
Jun
14
106
24
6
150
15 % Apr
138
Jan
5% Jan
14
104% Jan
5
21
July 24
Va Aug 11
July 10
Jun
8
8% Jun
27
110
July 12
22%
Feb
2felLsep
35
Jun
38
12 Va
Jan
18 Va
July
15%
Jun
9%
Jan
104% Mar
13%
135
4%
86
Jan
Feb
Jan
Jan
-Apr
110 Vs July
18% July
144 % May
7 Va May
109%
Oct
Monday, August 14, 1944
638
LOW
Aug:. 7
Aug. 5
t per
8%
7%
7%
*20%
70
67%
70
*120
123
•23%
25
23
23
44V4
*16%
17
*16
/'
•
67%
1.000
121%
—
25%
*24
24%
*24
25%
114
*35%
10%
36%
v
16%
16%
*24%
14%
15%
3%
4%
28%
16%
39
28%
17
16%
38%
35%
35%
35%
36
2Va
2%
2%
24 y«
24%
10%
28%
28%
28%
28%
28%
900
16%
16%
16%
17%
17%
17%
8.900
Illinois
40
2.300
6%
61
180
85%
85%
10%
10%
10%
*8%
8%
*8%
9%
9%
76%
77%
76%
•77%
*173%
174%
174%
174%
*173%
2%
2%
2%
2%
2%
16%
16 %
16 %
*16 %
75
*74
•
r
16%
;
76
/
5%
%
75
f
18%
,■
10 %
*9%
-
•v
8
*39 %
n
39%
•'
17%
13%
16%
*16%
75%
*75
-
16%
30
5%
30%
30
133
*131
11.000
18%
18%
18%
82%
82%
»
82%
10
10
*9%
10
81%
39%
/
82
82%
82%
45%
44%
44%
39%
39%
*44%
♦9%
-39%
*73
-
*72
74%
*115%
'
76%
39%
.
'"115%
128
,19%
19
18%
18%
19
17%
18
17%
17%
17%
17%
*17%
c;
38%
*141
17%
*17
34
*33
19 %
19%
18%
18%
2.300
600
17%
500
Inter type
39
900
Island Creek Coal
19
19%
19%
18%
18
18
17%
17%
*17
39
38%
38%
17%
34 >
*99
•
'.
97%
97
97
97
*99
109 %
111%
*109%
33%
33%
109 %
*109%
111%
17%
17.%
17%
*16%
.
97
24
24%
24%
70
70%
*69
70'%
*69
81%
81%
*80%
82%
80
80
*12%
12%
12%
12%
*12%
/'■
13
'
24%
24%
24%
*69
70
80
80
12%
70%.
12-7s
-
*96
97
Jarvls (WB)
Jewel Tea Co Inc
100
70
81
•
5%
500
70%
81
*12
12%
:
5%
500
300
12%
&
Chicago
Joy
Mfg
Jun
10%
Jun
Jan
29% Mar
Jan
Jan
8
Jan
31% May
Jan
48
May
4
Jan
13
"May.
Jan
19% July
44% Jun
62
106
Jan
115
Mar
6
Nov
9
Mar
6
Jan
9%
144%
Jan
56%
Jan
79% Jun 20
162
175% July 11
78
Sep
74%
Jun
177
Jan
July
4% May
30
11%
Jan
19
Mar-
July 20
55%
Jan
67
July
6% Jun
32% July
5
25
Nov
129
Dec
,
July 11
Aug
6% May
3% Jan
28
36%
Apr
138
8% Jan
3
July
14%
Dec
July 18
12% Jun 2\
45%
Jan
69%
Dec
3%
Jan
11%
Jun
20
37%
85
92
4
Jun
56% Jan
3
78
117
Feb 3
.11% Jan 12
11% Jan 12
J27
July
20% Aug
July
28
Jan
38% July
36
6
2
71% July
Jan
39
Jan
60
Dec
Jan
115
July
102%
Jun 22
19% Aug
44
Apr-.
6% Jan
*
3
16% May,
6%
.
16% May
Jan
18%
Sep
19%. July 17
Apr 19
Jan <4
Jan .6
10%
Jan
18
Jun
July 27
Mar 15
27%
Jan
32%
Apr
Jan
145%
Jun
20% July 1Q
t
45
'141
138% Jan 17
\
9% Jan
26
Feb
99% Mar
70
Jan
78
Aug
19% Jan
Feb 10
100
Jun 19
95
May 25
27% July 10
70% Aug 4
87
July 1Q
13% July 5
110
Feb 15
May 8
Jan
3
Jan 5
66% Jan 4
84%
90
20%
58
10% Jan 14
9% Jan
135
18% Jun 16
37
July 5
3
Apr 22
107% Jan 21
1
Apr
177
% Jan
Aug 1Q
45% July 11
39% July 28
No par
Apr
3
20
13% Jan
15%
13
8% July
135
27
July
78% July
8% July
3
15
29
Apr
168
Jan
10% July 10
175 % Aug
4
27
Jan 13
15
100%
Apr
38% July
39% Jan 13
35 % Jan 13
RR
Co
86% Nov
158%
40% July 17.
66
-
32% Nov
Jan
3%
68% Jan
11%
Jan
13% Feb
7
Feb 11
7% Feb 3
-
16% May
Jan
18%
37
Nov
-18% Jun
Jan
2% May
9%
3
130
11% July
.
6%
114% Mar
.
4% Jan 3
25% Apr 19
Laughlin Steel
Jones &
10,200
2%
Jan
21%
4
65
stamped__100
No par
pref'•series A—
100
pref series B conv—.
}00
Joliet
;
.
-
Johns Manville Corp
1,100
'
■
24%
81
70
70
81
*12
'■
24%
Co
Jan
7
8% l/L&f
15% Jan
-
1
No par
preferred
4%%
100
97
*99
24%
24
1
300
32%
111%
*99
*99.
24%
24%
97
96%
98
*99
L-—-
111%
96%
!
600
-
:
32%
*109%
33
33
Corp
preferred
$6
*141
*109%
No par
-No par
_No par
1
Foreign share ctfs—
Interstate Dept Stores
•
%
ii
July 20
12% July
5
1% Jan
50
preferred/—100
Teleg
No par
53.600
'
111%
101%
,
19%
*141
*16%
1%
Intern'l Telep &
18%
Apr
4%
86 %
165% Jan 28
No par
-
6
3
154"% Feb 29
67% Apr 25
No par
Silver
International
'l'.
19%
*141
17%
127
18%
38%
38%
39
__
*115%
128
t
600
77
77
76%
74%
*115%
39%
,
6% Jan
100
1
preferred-.
18%
18
18%
18%
*17%
39%
74%
128
-5
Chem—
International Shoe
340
45%
-
25
300
400
83
39%
&
41%
•
July
Jan
4%
104% July 12
164
Jun
5
7% Jan 28
29 % Apr 27
109% Jan 27
6% Jan 3
100
Min
Mar
Nov
9 %
22%
18 % Aug
9% May 11
>
Preferred
i
1.400
10
83
*44%
v
158
par
No par
No par
ilnt Nickel of Canada
'
82%
par
35% Apr 14
100
Jun
8
887/a Jan
3
71% Feb
July
68 %
Jan
.
26,
5
par
pa*
114
30%
10
42% July 12
104% July 26
170
19
*81%
Jan
-.—.^-------^-----.-100
International Paper Co
15
5% conv'preferred
i—100
Inter Rys of Cent Am
No par
5 fo preferred—
100
International Salt
No par
14.800
18%
82%
8
67% Jun
57% July
,
•:
3%
19 % July 10
Jun
Sep
July
July
7
3
3
4
No par
No par
Harvester
Jan
Mar
July
July
July
Jun
Jun
29% July
42%
59% Aug
16% July 11
International Mining Corp
10
133
>
Jan
No par
—100
-
44
105
118
10
28.
5
28% July 6
16% July 27-.
6
Aug 8
70%
13%
37%
2%
10%
4
Hydro-Elec Sys class A
4%
100
2.900
3
25% Jan
1
Machines
International
600
.
76
5%
5'%
5%
29%
*131
Int
45
•17
15% Apr 25
Preferred
160
19.300
3%
18%
18
34
34
5%
29%
133
*75
?
82%
18%
17%
16%
16%
34
174%
4,400
Jan
9% Jan
46
20
Corp
-International
36%
Jun 17
par
Ctfs Inc
preferred
"Infc Business
Jan
100,
,
Interlake Iron
•
*141
„
78%
18% 7
*44% ■: 45%:
39%
39%
128
38%
39
*38
78%
16%
18%
V
78%
3%
76
300
.
Apr
Aug
31
44
1000
Intercont'l Rubber
10.400
9%
77%
174%
6%
'
1.700
174
174
3%
*131:
18%
:■
18%
18%
1
*72%
C
19
18%
>
174%
174%
29%
'
*18%
18%
*17
*141
*39%
*115%
128
18%
T.
45
74%
74%
*115%
81%
;82
45
'•■173%
380
..
7%
9%
9%
Interchemical
400
111
82%
9%
,
9%
10%
i
82
45
*
9%
3%
'
821/2
.
7%
174%
51.
5%
133
81%
81%
110%
7%
10% Jan
17% July
3
Apr
12%
18
Jun 30
69% July 10
113
July 18
Feb 25
24
40% July
Jan
17
No
No
No
No
Co
Insuranshar^s
8%
1%
1
Aug
25% July
;
28% Jan
3
No
Rayon
Steel
22%
par
par
Jan
7
July
21% May
117
45
Jan 3
Feb 3
Feb 3
Feb 21
Jan 11
Jan 12
Mar 4
Feb 4
Jan 4
7%
30%
1%
6
100
Inspiration Cons Copper
•
37%
*36%
111%
7%
3%
*73%
29%
-
37%
*110%
16%
76.
18%
.19
81%
'3,200
8%
3%
,
16%
133
133
18%
81%
29%
29%
1
*131
174
174
3%
5%.
5%
*5%
29%
29%
133
77%
77%
174%
/
174
*172%
/
77%
•
9%
9%
8%
36%
-
7%
7%
9%
77
111 %
111
7%
:/ 174
*172
37
36%
37%
174
1.300
11%
*8%
•
111%
174
86
11%
11
8%
7 %-
•
85
85%
10 %
*8
25
5
100
Jan
71
118
:
Jan
Sep
100
preferred A
Inland
Jan
Jan
Jun
100
Ingersoll-Rand
.6% preferred
*161
'
85
*85
$4.50
500
103
103
103
*161
10%
37%
9%
*102%
par
4%
ctfs series A
Industrial
200
104%
*104
105%
54
t,—100
Co
Indianapolis Power & Lt
800
39
*38%
38
38
*104
RR See
1.500
49
100
136% Aug
115
117
Jan 4
42
May 1
13% Jan 3
108
63
preferred series A
lines
Dec
47% July 13
Feb 23
39
20
Central RR
Leased
128
16%
100
Idaho Power Co
330
18%
"
111%
9%
15%
18%
85
10%
*7%
15%
18%
18%
103
40
*60%
273,300
15%
*15
*161
*
7%
9%
60%
104%
*101%
102
102
38%
-7%
39%
60%
38
37%
104%
111%
7%
39
60%
.
38%
*37%
175 7 175
60
104%
38%
111%
38%
113
38%
*38%
60%
*104
M 8%
*8
8%
28%
38%
*161
85
10%
•
18V4
85
85
10%
4%
15%
<
84%
4%
*14%
101%
:T01%
*161
15%
4%
*17%
100%
16
15%
15%
100%
*161
1.300
26.400
4%
18%
38%
82
24%
15%
60%
104%
*44%
24%
25
5%
18%
*17%
300
15%
15%
38%
18%
25
900
•
10
4%
15
"
6
18
*104%
81%
2%
2%
*9%
9%
15%
15%
39%
*9%
35%
2%
9%
V
38%
*60% ? 60%
18%
5%
35%
10.400
1,400
Dec
Jun
10
5
23% July 11
45% July 14
No par
Aug
29%
87
17% Aug
■
172
Jan
Jan
24% July 27
116
"Apr
July 20
'122
4
71
Jan
152
17% July 10
•
17
28%
16%
104%
29%
1.300
11%
16
28%
104%
*131
68%
11%
I
Jan
56%
12%
13% Jan 13
5% preferred—
<Houston Light & Power Co.—No
Houston Oil of Texas v t c
• Howe Sound Co
Hudson & Manhattan
«
5% . non-cum preferredHud Bay Mln & Sm Ltd
No
;Hudson Motor Car.
No
Hupp Motor Car Corp
>
"
""
20% Jan 21
100
■..<Household Finance
3% May
110% July
73
13% Jan 10
12.50
No par
No par
Jan
Jan
2
36% Mar
10% May
Dec
1%
14%
19% Feb
I per share
93%
25
13
11
19
,JJ
preferred
28%
15
4%
*38%
*75
68%
11%
24%
5%
?
60
68%
24%
38%
;
114
11%
10
16%
-
1.200
200
68%
351/4
4%
/•
15%
*37%
*112%
114
*
60%
*111%
*67%
68%
68 %
*112%
•>
11 '/a
2%
15%
*8
16%
68%
112%
100
16%
68%
68%
*2
39
*17%
43
16%
10%
351/6
17%
60%
43
16%
68
*9%"
24%
43%
11%
10%
28%
•15
44%
*42%
75% Feb
165
July
22% Aug
89
Jun
134
Mar
70
Aug
No par
Homestake Mining
Houdaille-Hershey cl A
Class B—
5.000
69
2
24%
25%
45%
112%
*65
68%
112'/4
9%
'•/ 9% f
9 % V..
9%
44
43%
16%
*116
45
(Del)
Holly Sugar Corp
7%
Apr 27
63
10
1
10
Hollander & Sons (A)—...
200
114 '
par
(C E) The
Holland Furnace
1.100
17
17
*116
,
43%
*63
35%
2
2%
*2
16%
*42%
16'/4
11%
35%
10%
17%
*16%
17%
16%
43%
'
10%
1.800
*16%
•43%
*112
68%
68
23 %
45%
16%
43%
*65%
69
114
68%
*67%
23%
45
-
Jan 18
Jan
3
No par
-No
preferred
conv
Hires Co
'
16%
*65
•111
68%
*65
23%
44%
17%
$4
Hlnde & Dauch Paper Co
44%
44%
16%
*116
^
500
*16%
16%
16%
67%
*22%
23
23
43%
43%
16%
16%
*16%
*111
133
*130
100
preferred
Hershey Chocolate
Jan 6
Mar li
July 18
Apr 24
128
No par
6%
*120
68
*66%
63%
160
21%
75
No par
Motors—
Hercules Powder
;
121%
*42%
i 44
*42%
43%
.
133
*130
67%
*44»/4
*115
43%
44 /■/■:
44
*42%
600
preferred
non-cum
Hercules
1,100
83%
*120
44%
♦115
*115
22%
121%
67%
23
16%
22%
82%
*24
22%
16%
133
*130
44
17
;
16%
22%\w
82%
...
1%
166
*164
166
*164
W)
6
9%Jun 29
8% Aug 7
108
May 24
" 22% July 10
■
Highest
t per share
t per share
6% Apr 28
2% Jan 28
25
15
25
100
Co
Co.
Helme. (G
■./ir""*:'
*120
25
*24
16%
17
16%
73%
82%
44%
.
*71%
22
23
22%
,
44%
*44%
73%
22%
121%
*120
~ 25
21
Glass
Lowest
99
Mar 13
20% July 24
9
Corp
Mfg
Hecht
V 100
♦20%
166
Hayes
Hazel-Atlas
420
105%
*20%
82%
•
*23%
105%
21
*21%
68%
67%
68
121%
*120
105%
•81%
133
*130
133
*130
133
*130
65.700
t per share
1
Hayes Industries Inc
1.400
7%
22%
*80
83
83
82%
8%
7j%
*71%
73%
•164
*8%
83
22%
22%
8%
7%
105%
21
*71%
166
*164
166
♦20%
21
73%
8%
106
106
106
•20%
22%
22%
*81
*105%
.
*71%
*164
166
*22%
7
Year 1943
Range since January 1
Lowest
Highest
Par
1
,
7%
8%
7%
8%
7%
73%
♦71%
73%
*164
8%
20% ' 20%
21
►711/2
106
106
106
8%
6%
8%
8%
8%
6%
•
Shares
i n*r share
$ ver share
/ '
NEW YORK STOCK
EXCHANGE
Sales for
the Week
Aug. 11
'
8'/a
105%
t per share
$ per share
f per share
shafe
Aug:. 9
Aug:. 8
Friday
Thursday
Aug. 10
Wednesday
Tuesday
Range for Previous
STOCKS
AND HIGH SALE PEICES
'
Monday
Saturday
54
Nov
64% Dec
8% Jan
16% July
July
34
109% Aug
•
92% Sep
Aug
Apr
*
.
79
26%
65
82
Apr.
Apr
12% Jun
K
9%
32
16%
/
*22%
18
20%
*22%
22%
22%
22%
.31%
V
*114
;
17%
18
1147/e
17%
18
31%
20%
20
20%
~9%
9%
"9%
9%
31%
*31%
33
15%
153/4
16
21
21,
22%
22%
22%
20%
*22%
2,400
20%
Kalamazoo Stove & Furn_._—10
No par
Kan
Kansas
City P & L nf ser B_.
—No
City Southern
♦121
15%
/
1,300
:
9%
:
*9%
32
15%
15%
20 3/8
20%
23
*22%
:
t
400
32
'
/
:
*114
31%
32%
23
•
23
22%
»,
17 3/8
32
22%
22%
113%
31%
*22%
•;
-•
17%
•112%
31%
18%'
114%"
31%
40
41%
"
*39
40
23 %
*39
41V4
%
5%
68
69%
68%
69%
69%
693^
.*25
25%
25
25%
25
25%
*9
9%
*9
9%
9
5%
6
5%
*34%
36%
6
f
173%
18Va
17%
9
411/4
:
18%
40
t
31%
11,900
>
*22%
23%
*22%
23%
800
*111 Vs
112%
-
v
.
25
25
25
25
*8%
9%
*8%
Kennecott Copper
34%
34%
35
35
35
35%
35%
34%
34%
35
29%
29%
29%
29%
29%
29%
29%
*22
42%
9%
87
29%
29
29
1,100
*23 % "24
24
42%
42
42
958
9%
24%
24
*41%
9%
29
*28%
122
5%
5%
120
5%
29
*28%
*120
121%
53/8
V
1%
1%
1%
1%
ITs
1%
25%
25%
25%
24%
25%
25%
35
35
35
29
122
5%
34V2
5%
2
25%
343i
9%
28%
*120
51/4
1%
26
9%
28%
122
53/4
1%
26
i
•<;
24%
42V4
421/4
600
10
103/s
20.200
28%
122
5%
1%
26
35V4
351/4
34%
v
800
2874
80
122
3,400
574
4,200
2
3,000
26%
21
20%
20%
20%
21
20%
23%
"20%
211/4
*20%
211/4
40%
40%
40 %
40
40%
40 Va
40 %
*40
41%
*40
51
50%
51
49%
50%
49%
50
50
50%
51%
Lane
*43
44
*43
45
100
81%
81%
*80%
303/4
*80%
8074
200
84 %
83%
8 3'4
83%
83V4
1,000
177%
177%
177%
179
179
178
180
Preferred
*28%
31%
38%
38%
*38%
40%
*29
38%
*39
178%
31%
31 Vs
31%
*29
178
31%
178
*29
178
31 Va
38%
*37%
38%"
38%
38%
39
39V4
40
*39
39 %
39
39
3D
39
For. footnotes see page 643.
178
178
31 Va
600
391%
39%
2,800
*38 '4
39%
200
31%
28
70% Jun
1% Jan
7
58% July
Jan
24%
Sep
11
253/8 July 12
25
10
2%
July 13
Lily Tulip Cup Corp—
Jan
10%
Apr
Jan
32 %
Sep
32% Nov
27% Jan
4
353/s July 11
31 % Jan
4
36% July 22
24%
Feb
9%
Jan
9% Jun
26
par
,
Jan
38
8
21
-25
13
104
Jan
17
35-
Jan
73
Oct
July 12
17%
Jan
29%
Jun
'11% Jan
19%
Jun
30
19
24% July 12
Apr 24
—44% Jun 26
10% July 5
Jan
3
—No
Jan
4
29% Jan
18% Jan
4
par
36% Feb
14,
42
Jan
68% Jan
3
67% Jan
13
.100
No
174% Jan
8
26% Feb
3
par
x43
53 % July
-No par
36
No par
37
Jan
48% Jun
8
Apr 25
6
Jan
15
27
83% Jun 27
26
181% Jun 27
31% July 10
Jan
20%
Jan
32
14%
Jan
22%
23%
43 % Mar 16
42% Jun
27
Jun
Jun
July
Jun
Jan
38%
".31
Jan
>43%
Dec
5
Jan
8%
Jun
30
Jan
62
Dec
\
.?
86% Jun
2%
11%
3
8% July 20
6% Apr 24
39
July
8% May
24
July 11
21% Jun 21
36
3
-25
—5
if Jan
2Vs Jun
5
—7
July
Jan
2%
15% Feb
—1
120
107%
30
28% July 19
par
,_50
Dec
July
6
29
Oct
9
29
5
1 % Jan
39%
Dec
July
7
3
113
-
Jan
Jan
8%
20
7% Mar 21
31
Jan
—5
-No
26%
125% July
Apr 26
4% Jan
.100
16% May
May 31
17
Apr
17% Jan
par
—5
3
14
6% July
Jan
18%
Feb
62
Apr
July'
34%
6 3/4 Jan
22
.
2
par
.—
Lima Locomotive Wks
Link Belt Co
7 % July
17
par
Series B_
•
-
v
No
Liggett & Myers Tobacco.
84
.
Feb
3,
,_25
44
82%
*43
par
1
Libbey Owens Ford Glass- —No par
84
Apr
34
Lehman
84
113
Jan
_—..
Stores Corp-
Jan
.^_No
Lehigh Valley Coal—
*81
43%
102
8
25
-50
84
43%
May
40 % July 31
Portland Cement-.
preferred
81
43 %
21,700
81/8
115
May 18
4
conv
83%
8
16% May
31% Mar
_No
81
8%
Jan
20% July
„No
♦43
8
8%
23%
(The)
83%
8%
29
35%
100
81%
8
24% May
Jan
100
43%
8%
Jan
-
*80%
*42%
8
14%
15%
1
*82%
8%
26
19% Jun
10
preferred
Sep
29
23% July 11
Co
Bryant
conv
Sep
17
7
Lehigh Valley RR
6%
Apr
17
Jan
19% Jan
Lee Rubber & Tire
4%
29%
Jan
No
Lerner
4,500
24% Jun
'
700
/
25
_10
Lehigh Coal & Navigation Co.—
Lehigh
Dec
7%
V
Jan
Libby McNeill & Libby
Life Savers Corp
8%
8
8
4
Jan
Apr
11%
6
July 14
Jan
Sep
Aug
10%
No par
500
::
41%
*50%
-
19
19%
127
Jan
28%
Corp (The)
Lehn & Fink Prod Corp—..
1,100
35
*40%
50%
600
Dec
5%
July 12
preferred
Lambert Co
Jan
121
34
Laclede Gas Lt Co
"■
23
17
13% Jan
*12%
9
Kresge Dept Stores
5%
17 Vs July
,
20
54% Jan
4 Kress (S H) & Co
<
Kroger Grocery & Bak
270
42%
1%
21
IOV4
86%
19
111,
5
25
39% Mar 11
4
13% Feb
prior, preferred
Kresge (S S)
•
>
460
10%
86%
24
25%
.
*29
1,300
10
*41
23%
*34%
9%
85%
*22%
*119%
V
9%
42%
9%
29%
9%
24
10
10
2,100
35%
*29%
42%
200
:
34%
84
34%
i 1,600
;
9%
35%
84
34%
25
*8%
34%
9%
e5%
25
35%
833/4
5%
•
34%
9%
122
:
93/4
$5
500
; 19% Jan
Feb
14% Mar 28
293/4 Jun
Kinney (G R) Co—
1,300
•
35%
83%
A
6
67%
124
3
No par
—
Keystone Steel & Wire Co.
Kimberly-Clark Corp
200
40
67%
34%
9%
*28%
6
35%
:
85%
23
*5%
67 %
9%
42%
*39
40
*53%
66%
*83%
23
*39
5%
6% Jan
1
,.1
Co
Class B
Kendall Co $6 pt pfd A— __No par
1,100
31%
68%
10
*119
&
21% July
;
16% Apr 27
15
120% Jun
5
Kelsey Hayes Wh'l conv cl A
31%
112%
5%
86
9%
(Julius)
par
100
1
Kayser
31%
112
67%
6
*84
*9%
preferred-
Dept Stores
800
23
34%
34%
*35%
;
non-cum
200
20%
"
*39%
4%
Kaufmann
1,700
'
114%
*114
16
/
33
*15%
*19%
*121
31%
9%
*31
16
*19%
23
9%
*121 "
,
33%
*31
16
21
*20
9%
9%
9%
*31
20
*19
20
*121
*121
——
*16
19%
20
*19%
20
20
*121
20
62% Nov
Dec
41
July
71
July
.73%
Jun
Dec
182% Aug
22%
Jan
28% May
24
Jan
44
May
34% Jan
43
July
171
Volume 160*
>
Number 4307
THE COMMERCIAL & FINANCIAL CHRONICLE
-
NEW YORK STOCK RECORD
LOW
Saturday
Aug. 5
> $
'
$ per
$ per share
$ per share
>19%
19%
19%
19%
19%
19% v:
*19%
20
26
26%
26'A
26%
27
26%
26%
*26%
26%
17
16%
17%
17
17%
16%
16%
16%
17
64
64%
64%
64%
64%
64 %
63'A
63%
63%
63%
63%
49'A
49 %
49%
49 %
49%
49%
49%
49%
49%
50
50
*10%
10%
10%
10%
10
10%
10%
10 v*
-162%
32
19%
35%
32%
32
32 ¥2
32%
32%
19%
19%.
19%
19%
*19%
19%
*136
•'
41
27%
27%
24
1.000
87%
89
300
Louisville
200
*29
104%
104%
15%
27%
*15%
*350
105
16
;
16
16
*15%
16%
400
105%
105,
•16
*15%
16%
*350
v,
•>•••
:
16%
V
1.500
,
*7%
*7%
8%
*7%
13
12%
12%
12%
12%
22%
21%
22
*21%
21%
21%
3%
7%
17%
7%
7%
18
18%
17%
16%
16%
16%
16%
16%
17%
18%
18%
17%
8%
2.200
500
Mandel
21%
700
Vv:
7%
16%
16%
Marine
Market
St
,:
.
.
Martin
(Glenn L)
17%
5.600
10
10%
9%
11%
10%
11%
10%
10%
76,400
44%
44%
44%
44%
45
45%
900
Masonite
28
27%
27%
*27%
44%
27%
*27%
27%
27%
27%
28%
200
Master
*26%
21
176
58
58
57%
10
9%
58
9%
9%
10
19
19
116
*40
41
*40
110
110
*110
*111
29%
29%
*30%
30%
17%
17%
*17%
17%
*51%
52%
24%
24%
12%
12%
16%
17%
17%
*16%
11
*10%
11
95%
*94
95%
*85
86
85%
85%
36
36
35%
35%
10%
35%
33%
13%
13%
48%
48%
48%
39
38%
38%
33
33%
33 %
33
33
33%
6%
6%
6%
25%
34%
*34%
35%
34%
34%
51%
40%
>
*108
108%
*108
108%
*20%
3%
*110%
108%
7%
7%
7%
105
*100
*110%
112
108%
108%
7%
7%
*101
*20%
3%
3%
3%
13%
13%
13%
*36%
*21%
22%
21%
21%
*21%
82%
82%
83%
83%
83%
116%
*115
116%
36%
37%
23
*21%
83%
*83%
116%
*115
115%
♦117
*116% 117%
*116%
117%
*116%
117%
*111%
113 %
*111%
113%
46%
46%
47%
46%
38%
38%
*38%
40%
*38%
41
*39
26%
27%
26%
27%
26%
28
27
21
21%
21%
21%
20%
20
20%
20
20%
31
31
47
-
31
31
30%
9%
8%
9
*90
94
23
12.%
*
20%
*30%
8%
9%
9
12%
117%
*117
119
112'A
*112
113%
90
47%
-7.200
46%
46%
47
39%
27%
27%
3.760 '
21%
20%
21%
21%
20%
1.900
1,900
30%
31
1,000
Mueller
9%
9%
94300
Mullins Mfg Co
9%
9%
.
9%
113%
12%
12%
50%
^%
%
*%
15%
15%
15%
:¥ 34 ¥2
34%
76%
100
30
114
15,500
13'A
13
50%
100
51
*49%
Wheel
Corp
Brass
Co
.
,
Jan
107% Jan 5
41% Apr 26
35% Jan 11
21% Jan
15%
16%
26'A
4%
72
No par
l~No par
No par
100
Jan
xl7
July
14%
Dec
24
May
37A
9
70
May 24
112% Apr 11
8% Jan 3
43% Jan 5
Jun
43% July
32
Jan
19% Nov
July
27% Mar
165
Jan
176
Aug
37
Jan
60
Sep
2%
k
Jan
21%
Feb
36
Oct
Jan
110
Sep
100
12%
7% May
22% Aug
Jan
Jan
17%
Sep
„Jan
113%
Oct
11%
104
19%
Jan
29
8%
Jan
16% May
38 %
Jan
50%'
Apr
14%
Jan
25%
Jun
6%
Jan
11%
Sep
101
Feb
6
Sep
115 % Aug
Jan
10%
67%
Jan
89
60
Jan
78%
27
Feb
34% July
Jan
12'A July
4%
Apr
• Feb
Sep
25
Jan
23%
Sep
32% Mar
26
Jan
34%
Apr
Apr
42
July
5%
Jan
9%
18%
Jan
30%
20 Ve
Jan
31%
106%
Jan
107
5
3
July
110
Nov
'
Sep
Jun
128
Feb
107
Jun 23
Apr
r113% Feb
Jan
8%
<
Jun
64%
Jan
98
July
13%
Jun 30
July 10
July 5
July 8
Jan
25
July
%
3% Mar
Jan
3%
Jan
11%
Apr
17%
Jan '
30%
Nov
75%
Dec"
92%
Jun
113
Deo
119
116%
Dec
121
106%
Nov
114% Aug
33%
Jan
31%
Jan
39%
13
Jan
27%
Jun
17
Jun
July 15
Mar
Apr
50
9% Jan
July
Oct
11%
Jan
18%
21%
Jan
31
Mar
2%
Jan
7
Jun
53
Jan
77
Jun
15
Jan
23%
62
Apr
79%
111
July
9% July 20
90
July 20
24July
78
July
116% Feb
13% Jun
50% Aug
Apr
7%
Jan
22
24"% Jun 27
23
July 10
33% Jun 28
Jan 3
Jan
7
Apr 19
Jan 4
Jan 4
18%
:31% May
117
Jan 24
117% Jan 14
112% Aug 8
48% Jun 19
40
July 14
30
6% July
Jan
Jan
9%
5
Jun
4% July
9
39% Jun 26
23% Aug 11
87% July 13
11
20% Aug
10
No par
Sep
Apr
Jan
3V8
42 'A July 5
110% Jun 15
Mar 17
3
20 • May 20
*..74% Apr.25
111% May 22
114% May 17
1
class B_r—
preferred—
Munsingwear Inc
Murphy Co (G C)
,
4%% preferred
Murray Corp of America
Myers (F E) & Bro
2,800
76%
13J/s
50%
20%
*113%
Essex
&
$7
20
113%
Motor
90
*88%
,
Morris
4
Mar 13
29
-,
12
19%
1%
28% July 10
38
July 5
131
Aug 5
58% May 29
108% May 3 ; 112
107% May 22
108%
6% Jan 19 f
9%
93% Jan 13
111
17% Feb 5
23 %
;
2% Jan 3
4%
8%= Jan 3
16%
No par
50
No par
5
1
Motor Products Corp
20%
30%
30%
114
12%
100
*38'A
Apr
Jun
Jan
11% July 10
36'A Apr 26
-No par
No par
preferred series C
$4
Montgomery Ward & Co
Morrell (John) & Co
27%
*20
20%
No par
.
21%
21%
31
A—No par
series B
39%
*39
27%
±-No par
,_10
Co
ser
27%
41
*113%
*50
Preferred
117
77
13%
40
112%
*75%
50%
$4.50 preferred
112%
47
(Jnemical
Muiibaiiio
30
117%
20
Mflls
Garnet
Monarch Mach Tool
500
-1,100
86
100
preferred series A
7%
116%
*115
"—No par
Mo-Kan-Texas RR—
Mohawk
500
23%
'
Mission * Corp——
3,700
11.100
•
37%
85
■
77
77%
*50
85
*75%
113%
23
22%
116 ¥2
20%
77
13%
84
*115
*20
*75
50%
/'
20%
20%
12%
84
No par
10
preferred-
$6.50
1.200
'
3%
14%
36%
90
21
*49
22%
22%
115%
,'4.300
21
3%
37%
*88%
*20%
113%
*36%
36%
loo
100
"
13%
94
*90
94
114
113 %
12%
50%
*49
20%
22
*90
*75%
77
46%
47%
22%
21
114
112%
112%
94
*90
23
112%
80
'
7%
20%
3%
14
46
8%
Jan
Jan
1514 July 11
105
Mar
6%
48% May 18
39
Aug 10
34'A Aug
1
3
100
320
Nov
14%
96
8% July
Dec
24% Mar
Nov
-
3%
4
4Ve% preferred series C
V 4%
preferred series D
Minn Moline Power Impl.
105
4
15%
Jan
15
Jan
4
Mar 1
Jan
3
Apr 25
Feb
4
Jan 13
116% Jan
4
100
£
108%
814 Jan
No par
1st preferred
30% July
July 18
87
July 26
37% July 8
Minn-Honeywell Regulator
4% conv pfd series B
2,000
112
7%
*101Y
20%
3%
13%
12%
108%
7%
Steel Products
cum
Jun
Jan
19% July 20
Minneapolis & St Louis Ry—No par
700
40
*110%
105
20%
20%
3%
36%
*75
20%
20%
3%
13%
8%
9
37
24
27
6
24%
27%
5
5
-10
Copper—
Petroleums
Midland
*109%
108%
7%
*101
20%
36%
*113%
7%
105
3%
.36%
8%
*108
Mid-Continent
"
20%
*35%
30%
108%
112
3%
:
13%
21
*110%
1
112
i
->
;
51%
39%
40
39%
Miami
90
51%
51 %
*50%
*109%
20%
13%
*20
131
40%
*109%
105
*101
13%
116%
39%
*1095%
112
7%
51%
40%
Machine Co
100
131
131
Mesta
Nov
37%
10
Jan
4
70
Jan
3
3114 Apr 28
1
May
138%
Jan
315
8
Jan. 3
'8 1
50
29
Jan
July
19%
Jun 16
19% July 6
55% July 6
25% July 10
104
Aug 11 :
13% July 10
114
Jun
9
82
Min Trans Co——No par
&
1.400
35%
*35
35%
131
conv
2,200
:
26
25%
26
*34%
132%
*50
51%
40%
*110%
:
*131
131
131
51%
26
5%
Merch
July
32
Mar 20
May 1
Apr 18
Feb
Aug
22% July
79
28
59% Jun 15
11% July 10
44
July 10
110
Jan
3
28% July 12
21
Jun 28
112% Apr 13
16% Aug
10
Co
(The)
1st preferred
Mengel Co
150
3.300
7%
7
6%
6%
25%
132%
33
*32%
6%
-
4,000
<
100
preferred
conv
Corp
No par
preferred series A——No par
$5.50 pfd ser B w w
No par
Melville Shoe Corp
1
3,100
48%
37%
1
Co
Stores
2
Apr 27
Feb 29
47
21%
9710
110%
$6
30
13"%
13%'
13%
48
5
18
Mead
500
•
36%
*109%
105
600
88%
47%
13%
13%
25%
51
;
36
36
35%
112
7%
*86%
48
*110%
*100
88%
36
35%
25%
*39%
*109%
40
*35%
6%
27
14
No par
_
McQuay-Norris Mfg.
1,300
95
88%
35%
25%
50
,40%
11
10%
36
13%
7
*130%
131
50
40%
16%
10%
*94%
16%
*16%
*94
*33%
131
16%'
11
95
*85%
16%
10%
preferred
McLellan
270
95
*85
$4
1.700
10%
25%
*34
12%
112%
34%
7
25%
25%
*12%
95
35%
600
*47%
33%
33%
6%
*16%
1.400
5
Mar 2 <•
52% Feb t 4 ■
4% Mar 6
32% Mar 10
106 % Mar 7
19% Jan
5
16
Jan 13
109% Feb 23
No par
Mclntyre Porcupine Mines
McKesson & Robbins Inc
1.300
24
*111%
10%
86
86
*35%
13%
*34%
33%
6%
16"%
52%
12 %
12%
95%
10%
*94
700
Co
3
3
4
170
1
McGraw-Hill Pub Co
*111% 112%
12%
111%
preferred w w
conv
McGraw Ele-c
104
104
Corp
300
48
48
48
35%
12%
111%
12%
5%
18
*23%
23%
103%
McCrory Stores Corp
35
13%
13%
13%
*47%
23%
103%
103%
1.100
1.400
31
52%
52%
52%
24
%
103
111
111
*94
*16%
23
24
111
*109
111
52%
52%
52%
103 %
24%
103%
12%
12%
12%
*109
52%
103%
52%
52%
24%
*103
103%
*103
No par
No par
No par
•
1
100
preferred
preferred
McCall
19%
*17%
100
--10
$6 1st cum
20
116
*30%
18
400
'
27%
19
♦111
30%
Alkali Wks
16% Jan
4% Jan ;
37% Apr
25% May
19% May
Jan
20%
Aug
July
May
July
July
22% July 7
4
Aug 10
8% Jun 27
21
May 17
17% July 10
20%Mar27«
11% Aug 9
' 51% May 17
29
Jun 20
22% Jun 27
176
Aug
1
13% Apr 27
163% July
Jan
13% July 17
14
18% Feb 24
2% Jan- 19
6% Jan
3
12% Jan
5
-
$3
io% Feb
par
1
No par
No par
1
No par
Maytag Co
6.900
,
111
27%
19%
*17
40%
40%
*110
116
30%
17%
17
17%
17%
30%
30%
30%
*30
:
9
315
Jan 21
6% Apr 24
Jan
133
11
10
27
28
5
18% July 5
391
Jun 21
9% Jun 27
139%
44%
38"%
107
16%
14% Jun
No par
Co
Elec
•
1
5
100
preferred
May Department Stores
600
•
10%
27%
*19
*111
—1
Co
7%
58%
40%
111
27%
19%
116
*111
116
*111
27%
19
19'a
19
116
27%
27%
27
19%
19
*111
41
111
!
—
Corp
Mathieson
l.ioo
:
9%
10
9%
_10
50
.
•
29% July 21
25% Apr
6
135
Feb 21
34'4 Jan 27
x26% Aug 1
104
Jun
6
14
Jan 12
"
64% July
15%
90 % Mar 17
-10
Jan
59%
24% July 14
3
Corp
Martin-Parry
1
176
58%
58%
58%
9%
*40
■
27%
27%
27%
*26%
111
*110
111
58
21%
21%
*173
176
*173
*110
41%
*39%
40%
40%
"9%
*175
*27%
21%
21
176
: *175
*57%
9% ;.
21%
*21.
21%
176
*175
58%
*110
21%
21 %
21%
176
*57%
17%
17%
'
21
*175
12
Marshall Field & Co
44%
4
20% Jan
prior pfd
2.800
9
20% July 13
162% Aug
5
■
69% Jan
Corp
Ry 6%
Jan
Mar 21
32% Aug
3
17% Apr 29
151
25#
Midland
290
16%
,
9%
17%
Jun
No
10.500
7%
17%
44%
18%
21%
Jan
Maracaibo Oil Exploration
9,400
4
3%
17%
7%
9%
9
Oct
Manhattan Shirt
44%
18%
8%
Oct
16%
148%
25
12
24
100
Bros
44%
18%
*44%
31
July 11
—No par
Copper.
Mahoning Coal RR Co
Manati Sugar Co—
12%
18
16%
Jan
Forbes—
&
21%
4
7%
*17%
18%
29
3
5Jan
28
Trucks Inc
8'A
•
22
3 ¥2
7%
16%
"A 18
3%
17%
11% May
ioo
*12%
8
12%
*21%
7%
18
77
7%
*12%
*17%
7%
7%
•
3%
3%.
3'A
3%
3'A
3%
.7%
22
8
Nov
Nashville
&
Magma
: 1.000
400
*350
400
1.700
16
'
*12%
51%
6%
May
8% Jan
par
100
No par
Macy (R H) Co Inc
No per
4 % % pfd series A
100
Madison Square Garden——No par
12,700
105%
16%
16%
Jan
preferred——
6%
Mack
'2.100
29
16
7%
7%
'
27%
105%
12%
17%
-
27%
16%
Jan
37%
par
10
Louisville Gas & El A
50
-
41%
27%
400
*350
41%
16
15%
400
*350
41%
105
7%
16%
139%
139%
139
41%
27%
27%
27%
16%
16
16
40%
12%
-
29%
♦29
29%
*136
41
104%
*104%
104%
104%
15%
*21%
*161%
42%
52% July 10
Co
MacAndrews
29%
139
*136
4i"
40%-
27%
27%
400
24
88
*29
139
41%
4-1%
16%
'130
24
*86
161%
68% July 10
preferred
1%
163
24
88
161%
1
40% Feb 24
S
Biscuit-.
(P)
24
'
41% /
*16
Lorillard
163
*88
29%
*29
29%
736
Loose-Wiles
800
23%
23%
89
58
____No
No
1.200
25% Mar
18% Feb
Long. Bell Lumber A
,
21% July
21% Jun
7
No par
*161%
162
a
*86
89
29%
29%
23 7
24
23%
*88
*136
*350
32%
Jan
Nov
12%
13
Lope Star Cement Corp.
"
19'A
161%
s
163
*162
24%
.89
*"85
1
Inc
15%
12 %
22% May 17
,4
19% Jan
14% Jun
2.800
10%
10%
10%
Loew's
$ per share
18% Feb
1.500
•
Highest
$ per share
1
No par
Lockheed Aircraft Corp..
7.800
t per share
No par
Lion Oil Refining Co
Liquid Carbonic Corp
800
'
'C 1.900
32%
19%
J63
■=■24
10%
17%
Year 1943
Lowest
Highest
S'per share
Par.
400
;
•
26%
17%
19%
32
19%
%
19
'
••
-
20
'26'A
-
*31%'
32%
32
v,
Lowest
EXCHANGE
Shares
64
49 Ve
♦
■
share
16
16%
..
*19% ' 20
the Week
25 %
*19 'A
Range for Previous
Range since January 1
NEW YORK STOCK
Sales for
Aug. 11
Aug. 10
Aug. 9
$ per share
S per share
share
per
Friday
Thursday
Wednesday
Aug. 8
Aug. 7
STOCKS
PRICES
SALE
Tuesday
Monday
.
HIGH
AND
3
12
24
29
1
Apr
Jun
Sep
117
Aug
5%
Jan
11% July
34%
Jan
44
Feb
N
^
*%
%
%
7/a
%
15%
15%
15%
16V4
15%
15%
35%
35%
34%
34%
*33%
34%
18%
19
18%
18%
11%
11%
11%
11%
11%
12'A
19
*11%
n;.
>
34%
35
18¥2
18 ¥2
18%
18%
18%
18%
11 ¥2
11 ¥4
11%
Hi/4
11%
11%
11%
4,900
12%
600
*34
12%
12'A
12
11%
11%
12
12
11%
11%
11%
11%
11%
11%
11%
22%
22%
23
22%
23
23
23
22%
22%
22%
*172%
176
*172%
176
*172%
:*'w.
1,200
.
23
22%
176
*11%
19 %
176
*191%
20
*19%
20
12'A
12 J%
*173%
176
*173
*
90
34%
19
12
12%:
*12
12
173%
173%
*19'A
20
3,400
7%
100
19%Y
19%
20
*19¥a
»
1,400
:
.J"
•
'
-
100
'
20
,
-•
»
Nat
100
preferred
& Share
Bond
13%
13%
131/2
13%
13¥2
13%
13%
13% y >' '■:
32'A
32%
32%
32»/2
32 ¥2
32
32%
321/2
2,800 1
Nat
31%
32%
31%
21%
21 %
21%
21%
21% V
21%
21%
National Container
21%
21%
6,000
21%
12%
12%
12'A
12%
12%
12
12 ¥a
12%
12'A
12%
12
12%
23%
24
23%
24¥a
24
24 ¥4
18%
18%
18%
*11%
12 ¥2
*11%
10
No par
National Can Corp
13%
5,000
13%
13¥2
13%
31%
No par
Corp
23 %
23%
23'%
24
18%
18%
18%
18%
*11%
12%
*11%
12%
23%
23
18%
*11%
33 %
19
12%
34
3&S
30%
12%
97'A
97%
22%
22%
*175%
22%
147%
:
*146
-v
18
.18%
*32%
'
.
"
*65;
14%
*26%'
65% '
15
*146
149
146
*18%
18 ¥2
*19%
20%
32%
90%
90%
10%
10%
10
16%
29%
101%
*100
15
101 %
*100
*59
64
*59
*28%
10
10 ¥2
16%
29
101 ¥2
63
109
*87 ¥2
9%
16'A
*28
*100
*62
*108'A
>
147%
W
66%
-15%
66 ¥2
27%
15%
,
''
1
*90 ¥2
9%
;:v
16 ¥2
16 ¥3
29
•
100 ¥2
'
*28¥4
*100
*62
63
J
15%
109*
109
.
,16 ¥2
28%
101 ¥2
*27%
*100
63
63
109
*108
28%;.
63
.
29%
*29
291/2
29 Va
29 Ve
29%
29%
18
18'A
18
18
18 >A
18'A
18%
19
*15%
15%
151/2
15'A
15 ¥4
15¥4
15'A
15%
151/4
15¥b
15%
15%
105%
105 ¥2
105 ¥2
For footnotes
see
page
643.
.42%
43
42%
43
*105
105%
43
43%
*105
43%
i
105%
44
100
v
,
Neisner Bros Inc
3,000
1,600
100
2,000
•
conv
Co
—No. par
-100
No. par
No par
No par
a—1
serial preferred—_100
(J J)
No par
preferred series A
100
Newmont Mining Corp
—10
Newport Industries
1
Newport News Ship & Dry Dock—1
$5 conv preferred
No par
New York Air Brake
.No par
Newberry Co
5%
1,500 ;■
;
■
4% %
10
109/"
29%
*105
-—
'
101 ¥2
*108 ¥4
43%
Co
Natomas
Nchl Corp
18%
105%
preferred
National Tea Co
2,300 '
1,200 r.
1091%
*42%
prior
2,500
-29%
*105
6%
•
16%
18%
43%
30
:
10 ¥2
29
105%
'
16 ¥2
*108
43%
2,200
Lt
25
National Supply (The) Pa
l_10
$2 conv preferred
'
40
5%% prior conv preferred—_10
6,200 1
_...
:
-
»
x
5
164
141
18
17%
28%
5%
Feb 25
Jan 18
Aug; 7
Apr 19
Apr 5
Feb, 7
57% Feb
National Steel Corp
10 ¥2
18%
^
National Power &
10 ¥2
30
*105
:>
-100
100
Li
t
;'
•
11% Feb
25% Feb
79% Feb
83%,Jan
5%
9
13%
22
96%
56
1%
Feb
6%
Jan
15 Va
Jun
23%
Jan
40%
Apr
13
Apr
8
27% Apr 4
16% Apr 24
13
Jun 8
97
Jan 5
35% Apr 25
Jan
11% July
13% July 12
8%
Feb
12% July
8%
Jan
15%
Jan
23
Jan
176
12% Jun
v*
1
19
23% July 12
176
July
162
8
13% July
July
Sep
20% Jun
19
16%
Nov
21%
17% Apr
18
5%
Jan
10%
Sep
July 13
18%
Jan
29%
Dec
23% Aug 11
10%
Nov
13 % Aug
13% July 10
9%
Jan
14% May
24% Aug 11
14%
Jan
3
6%
Jan
21% July
15% Sep
33
,
20
Aug
12
Mar 15
Jun
9% Mar
12
Dec
37% May 24
X25%
Jan
36
Dec
26
17%
Jan
29%
Jan
11%
Jun
70%
Jan
90%
Nov
20%
Dec
*33% Jun
i
14% July
100
-
Jun
•
6
5
14
Sep
14
Jan
177
Aug
-I
160
Jan
178% July
150
Jun
14
137
Jan
150
Jun
22
May
36
Jan
25% Jun 27
22% July 17
23
Jun
27
14%
i34
Jun
28
27
July 20
17% July 10
70i
30% Mar 16
.
July 18
93% July 7
89
10% July 20
•
11% July 12
31
July
52
•
Nov
,
Jan
;
5%
Jan
:
7%
Jun
.64% July
'Jan
<
15% May
14%
Jan
28%
Jun
57
Jan
80 V*
Jun
62
Jan
88
Jun
7% May
2%
Jan
6
Jan
10 V4
9'/«
Apr
19% July
Jan
25%
Oct
13
74%
Jan
98%
Nov
37
Jan
57%
5
66
Jun
23
Jan
22
106% Mar
32
July
5
26%
22
July 10
10%
Jan
16
July 12
44
,
Jan
110
Jan
12
Dec
4
94%
Nov
Aug 11
27%
Jan
105% Aug
Y
16
18% July 11
101% Jun
Jan
2%
7% Aug 10
6
Jan 4
107'A July 13
19%
5%
19% Aug
4
Jan 3
Mar 4
Jan 3
Jan 4
Jan 12
Dec
13% July 10
5
4
10
17% July
3
8
10% Jan 31
9% Jan 4
20% May 18
165' Mar 1
18
Feb 17
8% Jan 3
26
Apr: 18
12% Jan 17
/ xll% Feb -11
19% Jan 3
13VA Jan 29
11% Jan 5
30% Feb 3
- 26
Jan 25
9
Feb 5
87'A Jan 11
" 19
Jan 7
Mall <fe Si'l Cast Co——No par
National Oil Products
150 •'
'
'
10
18%
109%
Nat
v
'
1,600 '
66¥2 '
30
*108
65,400
•
10%
10%
,
1,000 ;
:
10
preferred A
6% preferred B
;—
National Linen Service Corp
7%
*-
800
4
y
92 'A
87%
92'A
9%
10
•
7'A
27% "
87%
10
33%
600
•
.
preferred
$4.50 ionv
National Lead Co——
.
1
260
^
87¥2
*90 ¥»
■;•
»A
10
*27
'86%
4,700
21% i v
'21
32%
'
7'AV :,v;> 1
•
1
*—1
—No par
No par
1
10
—No par
No par
a—1
i—No par
National Gypsum Co_
220
18%
18%
Nat
6,500 1
.
preferred —
Products
Enam & StamDing
-6%
Nat Distillers
200
.
Products
National Dept Stores
5,000
23%
146
.
*
88
92
10%
Nat Dairy
V
177>
33
27¥e
*901/4
;
18%
21
14%
V
149
V
33
26%
88
;'
97»/2
97%
,.23'/2
*175%
'4
'
/
26%
16 ¥2
v
13'A
13%
23%
177
20 ¥2
20%
•32%
14%
9%
17
*100
64
*59
*18'A
15
ft) %
29
*28
r
'*146'A
146
♦18%
27
10%
16%
16%
*28%
177
6%
101/a
-
10 ¥2
.
>
97 ¥2
23%
V
65%
90'A
National Cylinder Gas Co
•>' 10,500
2,400 v
31
*30
,13 Ve
97%
:
23'A
6%
90'A
92%
*90V4
10%
*10%
^
98
177
65 ¥2
*87%
*87% "88
88
•
2,200
r
34% '
:.' 34
31
12%
13
6%
6 ¥2
'
*87%
32¥2
•
'
1
12%-:
*11%
33%
*30
31
14%
27%.S
26%
;
*20
Y": Va' •'
19% '
18%
19
12%
33%
27
65% *65%
15%
15
'
33%
65'A
65JA
23%
■
65% '
6%
61/2
6%
18'A
v'"
32%
33
\22
'
22%
*175%
''
"
v:-
27%
*
971/8
231/4
177
20%
20%
32%"
12%
97'A
*175%
~
*30
18'A
*
20%'I
6 %?U
22%
150
32%
6%
97JA
"23
177
20%
>-
13'A
*175%
177
*146
J23A
97'A
97%
>'■
30i/2
30%
13%
12%
33%
33%
31
*30%
12%
.
33%
34
33%
.
30%
*18%
:
Register
Cash
Jan
13% Jan
9
Jan
28
% Nov
5
% Jan
11% Apr 24
-No par
5
Nashville Chatt & St. Louis
100
National Acme Co
1
Nat Automotive Fibres Inc
#--1
6% conv preferred
10
National Aviation Corp—
5
National Biscuit Co
10
"
37% July 20
-ft Mar 30
Nash-Kelvinator Corp
28,700
16 Ve
15%
15%
Liquidating Co
Nabco
2,000
%
*%
%
114
37%
19-a
Sep
Aug
Apr
Oct
21% Mar
102
May
44% May
$
t par share
I per share
44.600
19%
19
19
%
183/4
19%
1834
1934
19
19%
19%
20
1934
28%
28%
*27%
2834
29 34
2934
29
29
29
2934
2834
86
6%
6.000
8734
83
87 34
86
88
89%
90%
25 34
2534
25%
*25%
25%
*2534
25%
N Y
2534
2534
600
*25%
15%
16%
*14%
1534
•15
1534
*1534
17%
38
*36
40
•37
40
*36%
40
185
*175
185
*175
185
•175
*26 %
40
*36%
40
*36 3a
*175
7434
74%
75
76
16
16
15%
15%
15%
198
*11634
117%
11634
13 V8
18%
1834
11634
1834
*39
200
117%
*11634
200 V2
1334
1834
1834
1834
54%
54 34
54%
55
55
553/4
19%
53%
*53%
5334
53 %
5334
53 Va
834
834
834
8%
834
8%
8%
834
1634
*114
1534
*114
11434
26
26%
25%
43%
43
43%
6%
6%
634
*634
6%
*51%
53%
*51%
53 '/a
*51%
*1334
1334
*1334
1334
*1334'
:
-
6%
10% Jan
20
32% July 20
li
Jan
2634 Juiy
97 34 July 19
31%
Jan
7434 July
28% Mar 14
14%
Jan
834
4.300
16%
19.100
11434
10
26
26
2634
26%
4.100
44%
44 Va
44%
44%
190
*
Ry_.
6%
*6%
6%
1.000
*52%
*52 %
5434
20
13%
1334
1334
*13
1334
*13%
1334
100
1734
17%
17%
17%
1734
17%
17%
15.300
53%
53%
53%
53%
5434
55%
56
2.300
Oliver
Nov
2634 May
Jan
38
July 25
.12%
3334 Jan
4
3
201
7% Jun
V
17% Jan
15
37 % Feb
50
Omnibus Corp
18% July
3
Jan 31
112
1
4% Jan
50
/
3
40 % Jan
No par
12
.
Dec
July
162%
Jan
192% July
Jan
122
Nov
934
Jan
1834 July
49 Va
Jan
56 %
Jun
Jan
56
Jun
Nov
14%
Apr
48%
8
/ 101
Dec
91%
Jan
734
Jan
1834 May
Jan
116 Va July
6
107
11534 Apr 24
27
July 15
44 % Aug 10
7
July 5
52
Aug
9
16
Jan 27
12% May
8
17% Aug
2.50
Norwich Pbarmacal Co..
4
xl3%Jan
No par
Preferred
9
Jan
100
Dec
113
26
55 % Jun
7
53% Aug 10
934 July 10
104
July 21
Jan 26
51% Jan 27
Z
Jun
122
Feb
2
19 % Aug 10
52
1
23
July 17
41
183% Jan
116% Jun 29 "
1534 Jan 10
50
100
Telegraph
5434
Jan
54
19% Mar 11
Aviation
Airlines
634
634
132
77
50
50
Norwalk Tire & Rubber
52
Jan
3
10
Northern Pacific Ry
Northwestern
63%
3
100
Dec
Jan
Jan
pfd_
Dec
1634
15
198% Jun
19
May
13
3234
Jan
14% Jan
Northern States Pow $5 pfd-No par
Northwest
Jan
26
/
6%
52
preferred series
preferred series
52
634
129
May
3
1
18 % July
42 % Jun
1
5
100
Northern Central Ry Co
16%
3
1134 Jan 27
30 Va Jan 22
100
Co
non-cum
North American
24Va Jan
28 Va
534%
11434
•
*43
6%
1.400
114%
*114%
26
43%
26
43 Va
1.700
53%
16%
15%
11434
*114
26%
43%
114%
25%
2534
43%
55%
*103%
*103%
1534
16%
1534
16%
16
11434
*103%
*103 %
*103%
*10334
2134 July 20
3
North American Co
8%
5334
8%
38.400
Western
&
Adjust 4%
3
4
Jan
No par
Industries
Noblitt-Sparks
Norfolk
50
53%
55%
53%
8%
*114
100
930
*55
55
1534
40%
117%
Highest
$ per share
153/a Jan
par
SUpbidg Corp part stk
200%
19%
5334
5434
*53
Y
18%
117%
18%
N
share
iy^/8 Jan
„50
Lack & West Ry
N Y
199%
*39
200
199
1.500
*11634
40%
•39
*1163i
*11634 -117%
2.830
1534
1534
15%
15%
4034
200
40%
19934
199%
199
1534
No
RR Co
& Harlem
per
62
No par
Dock
York
N Y
7634
76
76%
76%
City Omnibus Corp
$5 non-cum preferred
176
*170
176
*170
76
15%
1534
*39
40
40
V 40%
*197
185
.75%
7634
74%
89
87
share
per
100
preferred series A
New
15'/a
100
15%
$
100
No par
Central
York
New
N Y Chic & St. Louis Co
163 a
*15 34
*39
2.400
2534
87
86
Year 1943
Lowest
Highest
8 per share
Par
Shares
I per share
t per share
*27%
*2534
Lowest
.
'
f per snare
share
per
T
EXCHANGE
the Week
Aug. 11
Aug. 10
Aug. 9
Aug. 8
Aug. 7
Aug. 5
Range since January 1
STOCK
NEW YORK
Sales for
Friday
Thursday
Wednesday
Tuesday
Range for Previous
8TOCKS
PRICES
HIGH SALE
AND
LOW
Monday
Saturday
Monday, August 14, 1944
COMMERCIAL & FINANCIAL CHRONICLE
THE
8
8
57% Jun
Jan
23% July
Jan
41 %
x3%
Jan
6
31
Jan
45
Jan
14%
8%
20% Mar 22
Feb
15%
36
Aug
July
...
L Apr
Oct
O
17%
;
1734
55
17%
*53
17%
53%
53%
1034
22
10O
21%
*152%
*41
.
45
*41
*152%
4434
HVa
1034
10%
5.700
*99 Va
100%
180
72
21%
300
2,800
153
44%
45
73
*71
73
30
153
*41
153
*41
11 %
21%
*11
11%
2134
21%
153
4434
*69
73
10%
100%
*11
153
*41
4434
1034
*99%
Va
2134
*152%
—
*41
100
2134
21%
2 1 34
*152%
4.10
'*11
11%
11%
*1034
10%
22
10
100
10 %
99%
101
*100
101
10
1034
10
10%
1034
*100
*69
73
*69
6034
61
61
61
6134
61
6134
6034
6034
6034
6034
*13
13%
*13
13%
13
13
12%
13 Va
1234
1234
*13%
13%
V
*1034
11%
11
U
11%
11%
1134
*11%
1134
<
*71
-
2.300
No
par
conv
8% Apr
preferred
Co
No
.
Apr
19
834
,
14% July
par"
8
71
64
64
Mar 30
Jan
21% July
29%
Jan
5034 July
334
Jan
10%
3%
Dec
10%
Jan
Jun
2134
Jan
15%
Dec
105
Jan
69
1
42% July 20
55% Feb 29
12.50
11%
.
2434 July 13
153
May 10
•37% Apr 26
Jan
27
1134 July 19
105% Jan 10
18
18
5
Co
Glass
Owens-Illinois
8
Jan
147
100
Marine & Mfg
18
99% Aug
—No par,
Otis Elevator
6%
45
6
100
10
(The)
preferred A
Oppenheim Collins
8%
Outlet
73
*6034
Equipment
Farm
Outboard
*69
No par
Ohio Oil Co
Jun
Jan
154
Sep
28%
Jan
38
Apr
46
Jan
6734
Oct
54%
Jan
64
142
>:
' July 18
Jun 19
July
P
*39%
21
*1334
1634
44
r-v
3234
32%
112
11
14
14%
434
:
4 Va
54%
54 Va
*105 Va
4
4%
55%
*105 Va
2634
26%
26%
27
27%
33
32%
33
32%
32%
vrv 1%
1%
2
1%
2
1%
1%
17
674
634
6%
17%
17%
17%
104%
163/a
54
*53
55
*17
18
*17%
Penney
18
•
16%
17
1,800
15 Va
1534
3,000
Penn
43/8
43/8
4%
24,400
56%
56 %
57%
59 %
900
18
18
18
800
Coal
&
$7
No
55%
55%
14%
56%
100
54"%
55%
14
1434
14%
14%
78
78
79
78
78
50
48%
49 3/4
48%
49
48%
48%
*27%
28 %
29
30
29 34
*28%
29 %
*734
1%
774
7%
774
73/4
934
*9
9%
9%
9%
*29
8
7%
*9
100
Jan
16 % May
Feb
51.
52
4,000
5%
oreferred
100
33% Jan
5
19
Jan
58 Va May
4134 May
*28 Va
29%
200
23% Mar
6
5934 July 19
28% July 5
23
Feb
*7%
7%
4,700
Petroleum
1,000
Pfeiffer
8%
8%
Pet
—No par
Milk Co
5
Corp of America
No par
Brewing Co
& Co
Inc
47%
49
1,200
Pfizer
22%
22%
22%
3,800
Corp
Philadelphia Co 6% preferred
$6 preferred
No
600
(Chas)
Phelps-Dodge
53 Va
53%
5334
53%
10234
10234
103
102%
10234
*100%
1013/4
130
193/4
19%
19%
20
1934
19%
1934
19%
19%
1934
10,000
25%
25%
26
26
25%
25%
25%
26
25%
253/4
2334
25%
2,000
$1
11934
*115%
11934
*11234
1193/4
*11234
*1123/4
11934
*110
333'8
33%
3334
33%
3334
33%
34
34
35%
35
35%
5,900
Philco
89%
89
89'/a
88%
88%
89
39
89
89%
90
90
1,300
Philip Morris & Co Ltd
*114
115
*114.
1434
*103%
.45
44%
4434
45 %
44%
12 Va
12 %
*11%
12%
*1134
26 3/4
*26%
26%
*634
6834
*83's
8%
8%
80
80
80
1334
71
*68
13%
v
834
13%
*13
*186%
*186%
83 a
97
*47
4734
*60%
613'a
18
13
574
834
*8
47
47%
49
60%
60%
60%
60%
60%
21
21%
21%
21%
22
1334
73
13 Va
14 34
*72
*10 /
1034
1234
.1234
13%
41
*71
14
73
*71
73
18
18
2334
10
*22%
2334
1274
700
4.400
*13
*41
43%
100
56%
2,600
119%
30
*13
119%
119 Va
119%
*119
16%
1634
16%
1674
97%
97%
9634
10234
102 34
102%
107%
10734
107%
118
118 34
13%
*1234
4234
*41
43
footnotes
*119
55%
119'/a
119%
56
119%
*119
16%
17
17
17%
17%
17%
15,200
96%
9734
963/4
97%
9734
9834
710
10234
102%
102%
102%
10234
102%
102%
10234
10234
930
107 Va
107%
10734
10734
10734
10734
10734
107%
108 Va
250
118
118'/a
118%
11834
117%
118 Va
1183/8
940
118
118
118
*117%
118
4574
47
16
1634
.
46
16
4674
16%
*117%
46%
16
r
118
46%
16%
*112%
114
113
113
*113
113%
107
*107
107%
107%
10734
*107%
10734
93%
'2?%
23%
2334
page
643.
24
24
118
*117%
47
16%
113
& Chic Ry
preferred.
30
118
47%
16%
113
.
11,800
13,000
300
*107%
107%
600
23%
23%
1.800
100
100
B
preferred class A
5%
5%%
1st
conv
ser
pr
100
pfd
100
Pittsburgh & West Va
Plttston Co. (The)
1
100
Preferred
5
Plymouth Oil Co
Pond Creek Pocahontas
Poor
No par
No par
class B
& Co
1
5
50
Pressed Steel Car Co Inc
5%
96%
113
:
5534
1634
16 Va
23 Va
see
119%
5574
96%
97
v..
For
55%
;7.16%
46%
113
107
2334
13%
1334
*40
23%
*22
2,500
10%
13%
113
5,500
30
18%
13%
56
107%
73
*10 %
43
107
13%
80
2,300
10 3/a
56
*2334
1,090
.
13%
*1234
1
100
100
Forglngs Co
Pittsburgh
1,000
50
97
2334
133/8
1334
No par
preferred
No par
10%
*40
*112%
18%
No par
Iron Corp
No par
13%
557a
16
*70
conv
&
Pitts Screw & Bolt
10
42%
1534
1334
'
Coke
Pittsburgh Steel Co
7% preferred class
1234
55%
1534
500
10
•
*3934
46
143/a
*22
10
12%
4734
14
18%
5534
*117%
47
18%
*
4634
'
*88
97
*88
18%
*22
*12%
13%
73
18%
13
118 34
8%
2034
1234
118%
8%
60%
97
$5
preferred
6%
7%
46%
*88
Pittsburgh Coal of Pa
Pitts
-25
I
100
100
2,600
6
2134
10
46 %
5%
8%
60%
123$
118 %
8%
5%
4734
95
'
700
900
*186%
"
Hosiery...
Pitts Ft Wayne
"OK,
10
*117%
1334
60%
24
*119
7834
47
*23
41
8%
*13%
Phillips Petroleum
80
6%
70%
21
24
'5534
Pillsbury Flour Mills
*170
5%
8%
Phoenix
500
61%
18
*12%
13
*18634
574
200
7834
*170
*186%
6
5,200
12%
27%
par
No par
100
No par
5
preferred
44%
6%
79
13
13
7%
27%
8%
8%
*78
79
series
Phillips Jones Corp
*68 Va
69
834
4%%
60
95
18
*22%
*78
34'
6 %
*6%
69
834
Preferred
par
100
100
series
1434
115
47%
*71%
•
68%
4%%
20
95
13%
72
18
6%
68 34
*186%
534
47
133s
72
*6%
*170
8%
2034
1234
*26%
13
834
*60%
21
20%
13
534
*88
*89
2634
preferrea
Corp
Preferred
1
25
50
No par
100
3
10
com
12%
12%
27
79
*8%
6
734
*11%
*8
■/■
'
preference
No
com
60
115
44%
4434
12%
2634
8%
•
5%
5%
45
4434
44%
*170
*170
*170
*110
111
*11%
69
68%
*14
1434
*14
*101%
634
6%
•
79
1434
110
Electric Co.
Phila
4.4%
10934
*114
114
114
26%
8%
80
110
109
109
1193/4
*109
12%
26
634
634
63a
68 34
*14
110
44%
*26
53%
102
115.
*13%
111
*108
110
110
1434
*13%
14%
*14
115
Sep
Jan
4734
*114
58% July 12
Sep
734
5%
22 %
115
61% July
Feb
34%
47%
115
Jan
134
28%
9
9
109
4634
5
88% July 19
48%
*108%
9
17% July 20
22 Va
109
Mar
16% July
4
4734
*108
63
Apr
3
22
109
24%
10% Jan
54 Va Jan
22 34
109
32%
Feb
46
Co__1
48%
*108
Jan
17%
1
100
100
Co
22%
109
23%
May 31
734
734
II93/4
Dec
31% July 17
25
prior preferred
Marquette Ry
53%
33%
Jun
113
5%
10234
*89
Jun
Pere
19%
*115
108%
29 J/4
'*28
533'a
10
50%
49%
103
Jan
334 Mar
Pepsi-Cola
48%
53 34
1734 Mar
1,300
22%
53 34
45
Jan
1,700
49
53
Apr 24
Jan
Jan
13%
7,800
22%
53 34
Mar 17
Jan 15
Jan
4
Jan
6
134
33%
26
1534
49
103
112
Sep
20% July
934 Oct
3% Jan
July 17
18% Jan
May
100%
82
56%
197/s
102 %
25%
21 Va
55
5%
62 %
6% May
1434
22
©tro
*
110% Mar 17
49 Va
22
10
377/3 peb
9
16
Mar 17
Aug
20
81
'
*48%
19% May
81
14%
*79
9%
par
105
100
-50
5
100
Sand Corp
Glass
7
No par
No par
pref ser A
conv
Penn
Feb
Nov
Cement
Penn-Dixie
18%
4%
15%
51%
13
56%
14%'
Jan
May
1734 July 31
5434
56 Va
1434
78
16
Apr
32
17% July 14
4% Aug 11
900
5534
Jan
234
3
1,800
:
27 Va
3
Dec
7234
Jan
18
14%
55%
17
1%
9% Jan
2% Jan
613/4
80
July
13 Va Apr
14
14 %
July
30
Jan
61%
14 %
106
17% Jan
5
Dec
45%
Jan
Jan
80
13%
545/s
21
Jan
July
3
62
14,100
24%
•
15%
4
7
13%
6134
•
13V4
35%
100
Oct
113% July
9334 Feb
par
No par
Corp
1
Coke Corp—
10
6134
61%
Jan
Co
13 34
24 Va
*ei%
Jan
2
60 Va Mar
61 %
*24'/<
29%
29
24%
105%
Dec
5%
«
*24%
29%
24%
11%
51%
13%
28%
2474
43% July
10
,*6074
29%
*24 %
Apr
Jan
Jan
Apr
No
13% l
2874
24%
5
Jan
7%
29
13%
29 34
*24 34
2%
27
23 % Jun
26% Apr 28
17% July
23%
25
234 Jun
Jan
31
Jan
Jan
*60%
28%
24%
9
Nov
13%
2934
37% July
Oct
6% May
134
6134
29%
*24 %
293/s Jun
27
Sep
160
Jan
1634
6134
23%
23% Jan
Jan
119%
Dec
5834 Jun
preferred
Pennsylvania RR
Peoples Drug Stores Inc
Peoples G L & Coke (Chic)
Peoria & Eastern Ry Co
*110
61
106
Jan
Jan
3%
Airlines
(J C)
15%
*110
*110
91%
8% July 12
20% Feb 15
Ford
&
1634
*17
4% July 13
July 5
3
6
Jan 10
28% May
Jan
3
Apr 26
*1234
*110
*9Va
Transportation
Penn-Central
4%
4%
55
V
*110
*110
49
Patino Mines & Enterprises
900
4%
par
..—.—2.50 /
No par
10
Parmelee
104%
55
No
Co
Parker Rust Proof Co.
104%
*17
&
2,700
104%
•16%
2% Jan
45
103
45% July
Jan
147
114% July 13
par
1
Inc
2,000
17%
104 %
IS
■.
200
22%
10434
*15
8
1% Mar 27
*103%
15
109% Jan
30 Va Jun 28
Penick
16 Va
19% July 17
Mines—_1
500
56
54 3/4
18
Parke Davis
18
Dec
Jan
19
3534 July 10
834 Feb
Jan
31%
33
173/8 July 10
6%
Aug
8
100
Consolidated
Utah
5734
4 %
33/4
*52 >8
Park
5734
1634
1234 Feb 29
3% Jan 27
28% Apr 25
16%
Jan
10
3
/
Mar
23%
12
Park & Tilford Inc ex-privilege—1
5734
*14%
Pictures
Paramount
2,800
*57%
15%
41% Jun
159% July 13
734 July 25
25% Jan
July
W::
7
7
17%
—No
25% May
July 12
121% Jan
1
& Ref
Jan
16
117% Apr 27
No par
preferred
7.000
900
5734
17
1434
;
Oil Corp
55
14%
25
149
Jan 11
43/a Jan
3
1
10
Inc
Cos
conv
*56 %
57
104%
334
22%
22%
22%
22%
674
*17%
15
334
334
•
•*21%
•
31
30%
30 Va
30%
'
■:
674
17
%
V.
17%
22%
57
103 Va
*14%
: f
17%
57%
103%
30%
30V«
6%
17%
.'/• 57
17%
*21
6%
17%
30%
3034
-%■\v
22%
*21
6%
1434
*
30%
4%
46
Jun
Apr
Jan
1534 July 14
34
3934 Jan
par
Airways Corp
Prod.
Paraffine
2,000
26%
*32 %
104%
*78
—
2334 Feb
15% May 3
30
Jan 10
13 %
6% Jan
23%
4
3
10
5
Petrol & Transp
5
East P L 5.60% pfd_100.
Panhandle
400
32%
*17
:
2,400
2634
58 %
13
4%
■ ■
143/s July 10
Apr 28
100
—.
.
Car
Motor
American
Pan
Panhandle
1%
2
Pacific Western
Packard
160
■
*105 Va
110
4
3
39% Aug
17% Jan
13% July
734 Jan
13
48% Jan
100
& Teleg
Pacific Tin Consol'd Corp
55%
110
4%
55 Va
Va
55 Va
110
*105%
110
4%
5434
3
_No par
Mills
preferred-
Pan-Amer
;
434
*53%
6%
900
:
112%
*111%
112
112
5,900
32%
11%
29
141,400
3234
13%
14
*13%
5%
32%
534
3
8% Jan
25
-
No
Pacific
Pacific Telep
13,400
.4--
'
6
6 Va
32
Pacific Lighting Corp
20
1534
*15%
1534
*15%
6 Va
32
112
34
0
1534
5%
32
14
7%
.
26
6%
33 a
*15%
112
7
&
Gas
160
15934
2
*
22
1434
//
112
120 Va
♦159
33
'*303/8
*17
1534
*1193/4
159
6%
634
6%
3234
120
159
Electric
Pacific
900
373/8
3734
37 Va
120
2634
-
303a
*103
*159
7Va
6
14
'
37
120 Va
159%
120%
120
159%
15 Va
37
*36%
36%
120
10% Jan
preferred non-cum
No par
2nd preferred non-cum___JVo par
Pacific Finance Corp (Cal)
10
1.300
'
32%
V-
3034
*57%
43%
31%
110
134
17 %
43%
8
10
Co
Coast
Pacific
5,800
2634
33
6%
43%
*
53 Va
*105%
26 Va
*21
43
4
V
134
1
44
14 Va
53%
110
33
43%
*13%
'
4
4
2634
443a
634
112
190
33 Va
63/s
112
5434
105 Va
33
33 %
*1334
11234
4
33
*158%
1534
6
32%
33
*53
32%
7%
*15%
6
14
112
33 Va
36%
•
60
16%
*13%
33
16%
*
Pacific Amer Fisheries Inc
1st
21
16%
3334
36%
159
634
21
203/4
20 3/a
.
500
41
*44
120 34
1534
14
21
*13%
36%
734
534
•20
16%
*40
41
*39%
33
44
159
159%
*1534
21
*13%
33 Va
*11934
36
120%
7
*20
*11
41
44
33
44
158 %
*39%
33
33
_
41
16%
*13%
*39%
20
20
*20
36
40
*39%
41
119*4
11
'
1st
conv
5%
conv
Procter
&
preferred
2d preferred
No par
Gamble—
7%
734
40Va
20 Va
49 %
88'/a
Aug 9
Jan
3
Apr 26
Feb 14
Jun
3
Jan
5
19 7; May 16
117
Apr 26
24% Jan
3
82
Feb 25,
106
Mar 28
6%
5%
■Dnrit.v
finm
par
100
103
preferred
preferred
conv
-RoirpHpc
par
—
Nn
var
5
20
Nov
54% July 10
103
July
21% Jan
26
37
Jan
7
68 Va
Jan
3
1834 Aug
24% Oct
July 28
118
Jan
Jun
2934 Mar
x51%
Sep
9134
Sep
22
Dec
25%
Sep
28
37
July 10
91% Jun 20
1334 Jan
71
26% Jun
Feb
90%
110
July 12
104%
Nov
113
Aug 15
109%
Jan
Jun
11734
July
16% July 14
734
Feb
14
July
113% July 13
79 Va
Jan
100
July
4234
Nov
50
3 Va
Jan
10%
18%
Jan
26
5
Jan
Jan
1% Apr
6834 Feb
11% Jan
164% Jan
183
Apr
434 Jan
61
29
3%
21
34%
Feb
75
Feb
10.
July
5
5
25
80
May
5
59
Jan
171
Mar
Jan
68 3/4
9
;
168 Va
Nov
182
Aug
1534 May
170
Jan
6% July
■i
3
4
Jan
5
4%
Jan
5934
Jan
24
Jan
56
Dec
75
Jan
16% Mar
May 12
Jan
10
6134 Jan
10
99
66% July
-
5
22% July 20
14% Aug
7%
.
15
Jun
V
52% May
Mar
1034
Dec
20
Jan
19% July 11
14%
Jan
2134 July
25
18
Jan
23%
79
May 29
July
8
4
634
Jan
17
6%
Jan
•v 7434
Jan
8
115 % Apr 28
37% Jan
3
15% Feb
3
634
10 % May
90
July
134 Jan
3
Feb
V
1334 July 19
3
4
3
Jun
Feb
Nov
14% July
Mar 25
Dec
Mar
77%
9%
4
25
10
May 19
Dec
9% July
186
3
25
Apr
May
168%
15% July 10
4
25
3
*
Jun
734 May
Jan
May 16
113% Jan
7% Jun
13
17% May 16
19% Jan 15
Apr
Apr
May
Jan
July 11
18
57% May 3
ny4 Jan
6
"
8% Jan 26
8%
11%
11%
35%
52%
8
14% July 15
28
27
634 Apr 25
82% Jan 3
46% Apr 27
69
48% July
4
23
3
par
8%
20
14
19
19
3
100
100
100
Jun
24% July
11% Feb
x98
Jan
43
Apr
9
Apr
23 % Feb
87% Jan
96
Jan
104% Jan
par
Jan
51
26 % May
10 % July
Jan
5%
115
13% Jan
$5
6%
July 14
11
preferred
No
6%
preferred—
7% preferred
8% preferred
—
Pub Ser El & Gas pfd $5—No
Pullman Inc
No
Pure Oil <Thet
No
»ser
9% Jan
5934 July
Apr
108
116
pfd
12
10
2334 May 13
of Feb 1 '29)
100
Pub Serv Corp of N J_
No par
5%
.
■: 1134
:
13
'
Dec
Apr
Jun
„t433i May
,
;;i3,;;jun
2434
Jan
48%
Jan
12
11434
Apr
1^3/8 July 10
ino
July 12
105
Apr
4
1134
Jan
75%
Jan
8534
Jan
107% July
110
9634
Jan
114% July
44
July 10
59
July 19
120
Jan
40%
Jun
58:
Sep
,;
123
*
Feb
17% Apr
96%
Oct
Apr
13
1193/4 Apr
11934 Feb
10
108 %
Nov
129% July
15
11334
Nov
122
52% July 10
2634
Jan
40 V8 July
11
Jan
1934 July
18
Mar 22
Aug
109% Jan 12
113% Feb
18
10434
Feb
11434 July
103
1073% Aug
9
92%
Jan
107% July
2434 July 17
1334
Jan
Jan II*
ig3/4 Jan
14
22 V2
Nov
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4307
160
RECORD
NEW YORK STOCK
LOW
Monday
Saturday
Aug. 5
t per share
$
Aug. 10
$
per
Range for Previous
Range since January 1
STOCK
YORK
NEW
for
Lowest
EXCHANGE
the Week
Aug. II
$ per share
per share
Sales
Friday
Thursday
Aug. 11
Aug. 8
$ per share
t per share
STOCKS
HIGH SALE PRICES
Wednesday
Tuesday
AND
Aug. 7
641
15
15
15
15'
15 >/B
15%
15'/a
15'/a
15 %
15%
15 V*
15%
10'/a
10%
10%
10%
10%
10%
10%
10%
•10%
10%
10%
11%
45,600
76%
76%
*76%
76%
76%
76 %
76
76%
76%
76%
76%
76%
2.200
8%
8%
8%
8%
f
12% Jan 21
12
July 12
76 % July 3
10% July 10
per
15% Aug 10
8% Apr 13
'69% Jan
5
7% Apr 24
85% Jan 27 >
19
Quaker State Oil Ref Corp
2,100
$ per share
$ per share
Par
Shares
share
Year 1943
—„—Lowest
Highest
Hifhest
share
t per share
15
10V« Jan
July
R
'
8%
89%
31
88
88%
87%
88%
31%
•30%
8%
8%
8%
30%
30%
31
31%
89
6%
9*0
•'
1
*30%
31%
*30%
31%
15%
15%
15%
15%
15%
15%
15%
15%
15%
15%
15%
32
32
32
31%
31%
31%
31%
31%
31%
31%
31%
1.200
17%
17%
17%
17%
17.
17%
17%
17%
17%
17%
17%
17%
•'2.500
38
37%
37%
*37%:
38
37%
37%
37%
37%
37%
37%
30
*29%
30%
30%
*29%
31%
*29%
10%
*10%
*37%
30
11
*131%
>131%- 133
135
*131%
135
*18%
16%
*15%
20
18%
*18%
20
11%
*11%
'
300
31
*29%
300
1,000
11%
20
61
70
*16%
17%
17
17
300
Reliable
*18%
19 V8
19%
19%
200
Reliance Mfg Co
Remington-Rand
59%
19%
•
v
19%
19%
19%
19%
19%
19%
19%
19%
19%
20 Va
6.300
99%
; 99%
99%
99
99
99%
99%
99%
99%
99%
99%
92%
94
94
95%
94%
94%
94%
94%
94%
947/a
470
11%
11%
1*1%
12%
11%
12%
18%
19%
18%
19%
18%
19%
12%
19%
15,900
19 %
*101%
103
*101%
103
*101%
98
*97%
98
*97%
12
18%
>101%
103
*97%
98
12%
103
12%
19%
.-19%
>101%
98
98
12%
18%
£
19
102%
103%
10
102%
600
98
98
98
93
6.400
10%
10%
10%
11
*95
97%.
98
97%
97%
97%
98
*80
81
80%
80%
80%
81
81
81
81
81
81
81
13%
13%
13%
13%
14%
13%
13%
13%
14%
14%
14%
96%
97
96%
97
*96%
97
13
13%
13 %
13%
*13%
13%
32%
32%
32%
32%
38%
*37%
38%
*37%
16%
"16%
9%
*9%
9%
9%
13%
*96
98
*95
*■:
97
13%
97
97
13%
'96
13%
13 Va
39
*37%
9%
'15
*96%
32%
32%
3.500
38%
*37%
39
16%
*16
16%
1.300
Rheem
9%
3.400
15%
*15%
15%
♦15%
*734
8%
*7%
8%
7%
7%
300
21%
21%
21%
600
Royal
31%
31%
31%
900
Ruberoid
18
18%
1.900
*49
49%
130
*15
*21%
22
21%
31%
32
31%
31%
31
31
18
18
18
18
50
50
49%
50
32%
32%
*%
i9g
*17%
18.
17%
18
17%
17%
*43%
50
*49%
50
49%
50
33
32%
32%
32%
13
%
%
.% •>
%
1%
1%
1 Va
32
1
1%
.
21%
*31
33
0
1
a
IVa
*50%
51%
51%
51%
51%
51%
50%
'112%
114%
*112%
113 Va
112%
113%
113%
113%
7%
7%
7%
7%
7%
7%
7%
HI
7%
31%
31%
31%
31%
103%
*106'A
108'A
*106%
5%
5%
22%
94%
94 Va
5%
X93%
20%
21%
20%
20%
20 Va
6%
94%
94
21
21%
*15
22%
6%
*5%
93%
21'A'
15%
15-%
15%
15%
15%
15%
75
75
75
74%
75 V*
74'A
74 »/a
12%
12%
12%
12%
13
12%
13
*74
75%
:
75 Va
*74
13%
13%
*13%
'75%
13%
13%
13%
13%
13 V*
53
53
52%
53
*52%
53
53
53
24%
24
24
23%
24
23
23%
'24
,
:
15%
15%
15%
15%
700
74
74%
74%
74 V*
170
13
12%
13 Va
2,000
*12%
75
■'
13 V*
*52
23
32%
27
13%
13%
13%
13%
13%
13%
13%
13%
13%
37%
37%
*37%
38%
37%
37%
37%
14%
14%
14%
14 Va
*14%
15
14%
23
*22%
22%
*22%
23
36%
*36
36%
36
36
36%
27%
27
27%
•27 V*
27%
13%
13%
13%
13%
13'/a
13%
13 V*
13%
33%
33%
37%
37
37 V*
,
4%
4%
4%
34'/a
34%
37%
37%
38%
37 V*
37
37
*36%
37%
37%
37%
*153%
155
'153'A
155
155
*151%
24
24
24%
24%
23%
23%
23%
24
24
15%
15%
15%
15%
15%
15 3A
15%
15%
16
29
29%
25%
56
29%
26
25%
£6%
56 Va
55%
56
6%
6%
7%
>
6%
6%
6%
7%
•7%
*30%
30%
28 %
28
46
59%
59%
'59%
7%
72 Va
*70
72%
30%
*30%
30%
27%
*58%
60
*58%
111
30
29%
114%
*113%
*113%
118
*113%
118
*113%
118
*113%
118
*110
111
*110
111
*110
111
111
111
29%
29%
29%
29%
*113%
114%
*113%
114%
3%
3%
3%
3%
3%
56%
55%
55%
55%
-
3%
56
29%
*114
29%
114%
3%
3%
55%
57%
30 %
*114
3%
57
30%
100
3,000
114%
3%
5.000
58
3.900
9,600
Inc
$4,50
No
preferred
Square D Co
5% conv preferred
No
No
-No
$4.50 preferred
N°
Standard G & E Co $4 pref_.No
$6
61%
62%
61
62
61%
61%
61
62%
62%
64%
64%
65%
37%
37%
37%
37
37%
37%
37%
37%
37%
37%
37%
13.700
37%
32%
32%
32%
32%
32%
32%
32%
32%
32%
32%
32%
11,300
Standard Oil of Indiana
32%
54%
54%
55%
55
55%
55 Va
55 %
55'A
55%
12,000
Standard Oil of New Jersey
55
43'A
400
111%
43 %
111%
10%
10%
15.000
54%
54 Va
*43%
113
10%
64%
64
64
10%
*42%
*111%
43%
113
10%
•10
*43
*111%
10%
43%
113
10%
32%
*32
32%
*32
113
*111%
10%
10
43%
43
44
*111%
32
32
32
32
64%
64
64
64
64%
*43
*111%
10%
♦32
65'A
43%
113
10%
32%
*32
32%
200
200
Sterling Drug Inc
Stewart-Warner Corp
11,600
Stokely Bros & Co Inc
16
15%
15%
15%
15%
15%
15%
*11%
11%
11%
11%
11%
11%
11%
11%
12 %
12%
13 V8
16%
16%
*16%
16%
*16%
16%
♦16%
16 Va
16%
16%
600
16%
10%
10%
10%
10%
10%
13.600
9%
9%
18%
19.500
9%
10
10
18 Va
18
18%
17%
18%
17%
56%
17%
*55
56%
56%
56%
56%
*56%
128
♦126
128
*126
*126
: 128
*126
18%
57%
128
18
*56%
*126
18%
18%
57 Va
*56%
127
57
300
126'A
126 Va
10
5%
Stone
prior preferred
Webster
(The)
Sun Oil Co
pfd
Class A
Sunra.v
Oil
(4%%
cum)
Corp
6%
6%
6%
6%
6%
6%
6 %
6%
6%
6%
6%
16,300
6%
-9%
9%
9%
9%
9%
9%
9%
9%
9%
Sunshine
9%
9%
5.100
9%
21%
20%
21 Va
1.300
74
*72%
75 Va
•74
76
*74
76
200
74
74
Superheater Co (The)
Superior Oil of Calif
22%
21
21%
*21'A
21%
*21%
22
22
22
1,200
33%
*32
33%
*32 %
33%
21.
21
*74
'
*21%
75%
22 %
*32
33
18
18
♦21
74
:
*
♦21%
18
33%
♦32%
18%
*32%
17%
21
21V4
21%
21%
21%
22
Mining
Co—
18
16%
17%
17 Va
17 Va
17%
19%
3.100
Superior Steel Corp
Sutherland Paper Cow
Sweets Co or Amer (The)
30
29%
30
3,700
8wift & Co
*32%
33%
va*
par
—25
25
25
100
1
29%
29%
29%
29%
29%
29%
29%
29%
30%
30%
30%
30'A
30%
30%
30%
30%
31
28%
28%
29
29 %
30
2.500
Sylvania Elec Prod's Inc
6%
R3/«
28 V2
28%
28%
28%
28%
6%
6%
6%
6%
6%
6%
6%
For
footnotes
see
pagd 643.
6%
63/«
6%
5 ?nn
Qxrminortnr*
Oould
7
No par
25
100
10
12%
Corn
Jun
Jan
Feb
Jan
17% Jan
72
Jan
19% Apr
29% Jan
15
27
15
3
27
3
25
27% Jan
3
54
121 5 Vs
5%
28
8% Jan
4
27% Jan
No par
1
10
26% Apr 18
5% May
9
Oct
36% Mar
1% Mar
3% Mar
Jan
47% July
Jan
Nov
12% Mar
Jan
107% July
114
Sep
Dec
43
Nov
115
Feb
105
Dec
112
Mar
16% Jan
2
Feb
26%
Jun
Jan
4%
Jun
59%
Jan
90%
Dec
10%
Jan
18%
Sep
9
54
Jan
;17% July
Jan
73% July
8%
73% May
5%
Jan
Jan
57
Oct
17%
Jan
29
Jun
2%
Jan
16 Vs
10%
Apr
28
Jan
May
27%
10% May
28 Vs
Jun
5
Jan
21
Nov
xl3% July
45 V*
Jan
Sep
15% Nov
24% July
22% Aug
23%
19
10%
25 V*
Jun
15% July
Jan
2%
Nov
39% July
Jan
15% Jan
Jan
'
5
Apr
16%
Jan
29%
20 Va
Jan
30%
132 i
Jan
21%
Dec
Sep
149% July
25
Jan
10%
Apr
Jan
14%
15%
Jan
30% May
15%
Jan
30%
35%
Jan
49% May
42%
Jan
66
2%
Jan
2%
Jan
Sep
Apr
Apr
'
6 Mi
Jun
6%
Sep
33
Jan
61
Nov
21%
Jan
35
Dec
23% Nov
35% Mar
32 V*
44 V*
Jan
66
July
60
May
3
Jan
Sep
8%
Sep
35%
Jan
64
Sep
33
Jan
42
July
109
Jan
116% July
70
July
112% Nov
117
Aug
107
Nov
110
Dec
25
Sep
Jan
49
31%
Dec
100%
,
12
14
July 3
20% July 5
60 Va Jan 21
126 Va July 28
7% July 5
10% July 5
24% July 5
84% Feb 2#
25% July 5
33% Aug 2
20% Aug 2
Jan
115% July
1%
Jan
6% Mar
9
-
5
31% Mar 20
33 Va Jun 27
33% Jan
5
7% Mar 13
16% May
Jan
31%
18
11
Jan
64%
■
33% July 13
100
1
10c
28
18% Jun
50 Va Aug
36%
4 % Jan 3
7% July 10
5% Jan 26 ;
9
Jun 28
55. Feb 14
70
July 14
28
May 5
32 V4 Jun 28
22% May 13
29% July 18
36V4 Jan 26
46% July 10
56% Jan 27
61
Jun
2
6
Jan 3
12% July 26
50% Feb 11
74% July 17
33'A Jun 9
38% Mar 13
110
Jan 28
113% May 25
59% May 12
64% Feb 2
111% Apr 19
115
July 20
108
May 17
112
Jan 28
28% Feb 9
33% July 12
110
Jan 27
115
Mar 6
2% Jan
3
4% July 5
35% Feb 10
58
Aug 11
40 % Feb 8
65% Aug 11
35 % Feb
7
39% July 12
32 V* Mar 3
34% Jan 15
51% Apr 19
58 % July 10
40V* Jan
4
44% July 12
111
Jan 26
115
Jun 28
6% Jan 13
11% July 5
May
July
July
Mar
21% Dec
Jan
96
28% July 10
58% July 10
65% Jun
5
67%
17%
13%
17%
Swift International Ltd
30 Va
30%
3,600
30 Va
28%
3
4
Jan
28% Jan 18
1
No par
>
109%
33% July 12
62% Feb 29
11% Jan
3
9% Feb 10
15% Feb 1
7% Apr 19
13% Apr 19
29
29%
28%
3
—No par
No par
&
Studebaker Corp
par
39% July
14% Oct
12
July
17% May
9% May
6%
18 % July 5
78 Va July 19
10
9
1
20
L S
3.900
11%
10
(The)
1,900
16
15%
9%
Starrett Co
66 Va
15%
•16
1
preferred
Standard Steel Spring
66'A
par
No par
Standard Oil of Ohio
66
16
15%
$7
4%%
par
No par
No par
prior preferred
prior preferred
Standard Oil of Calif
•
par
100
No par
Squibb (E R) & Sons
$5 pref series A
54.25 preferred
Standard Brands, Inc
2
3
Jun
July
32% Jun
105%
5
5
23% Jan
54
1
*
24% July
July
Jan
35
xl08%Mar23
42% Feb 16
112
Jan
6
110
Jan
8
25% May 19
6% Aug 8
98 Va July
Dec
Oct
Apr
Feb
Feb
32
Jun 13
July 1
36V4 Jun 21
5
Apr
July
%
15
Apr
3
July 17
Jan 6
14% Mar 13
Jan 27 >£,: 75% Jun
1
Jan
6
14% July 10
Jan
4
55
July 11
Aug 9
28% Apr 12
May 16
4% July 6
Apr 24
33% Aug 3
Apr 19
27% Aug ?
Feb
8
15
July 19
Apr 24
42% Jan 7
Apr 25
18'A Jan 22
Jan 28
23% Jun 20
Feb 5
41V* July 5
Apr 12
29% Jun 27
Jan 27 '
14% July 17
Jan
3
5% July 12
Jan 10
33% Aug 11
Jan
6
41
May 31
Jan
6 £ 155
Aug 10
Apr 24
24% July 17
Jan 17
16
July 25
20
No par
1
No par
No par
1
No par
Nc ps"
2
Splcer Mfg Co
$3 conv preferred A
3lA
28%
28%
141
22%
13%
May
Jan
Jun
Jan
40% Jan
.
Railway
—No par
preferred—
100
stk tr ctfs
100
Sperry Corp (The)
35
20
>
No par
Spencer Kellogg & Sons
34%
100
12 '
Inc.——15
Sparks Withington
Spear & Co
$5.51 preferred
Conv
62
23
Typewriter-No par
non-cum
490
113%
10%
Mobile & Ohio
72%
62
22
29%
Southern Pacific Co
71%
63%
,13%
23
1
Greyhound Lines.—5
South Porto Rico Sugar
No par
6%
preferred
100
Southern California Edison
25
Southern Natural Gas Co
7.50
71%
1.200
Iron—,.20
&
1
2%
53%
114%
9%
Jan 20
*
Oct
10%
20 %
101%
88 %
9%
98
70
15%
93%
11%
27% Nov
3
Am Gold & Platinum
5%
35% July 12
23
Southeastern
Southern
13
No par
10
Steel
>
Feb
20%
11%
43
36%
preferred
93
74% Dec
Jan
Jan
Sep
Jan
Jan
Jan
Dec
Jan
Jan
Jan
Oct
86% July
13% Sep
20
May
19% Jun
Jan
Jan
Dec
Nov
Jan
Jan
8
Feb 19
51% Apr 11
15
!
Socony Vacuum Oil Co
South
23
24%
(AO) Corp-
71
*113%
*55%
3%
56
Smith
347/8 July
No par
No par
No par
Corp
Sloss-Sheffield
3
5
5
-
Skelly OH Co—
Spiegel
*62
Oil
Jan
15
Oil
Simonds Saw Sc Steel
$1.20
par
No par
Coalition Mines
Simmons Co
Sinclair
par
par
v
Jan
Jan
5%
19%
13
63%
12 f
72
9%
48%
par
"
Jan
5
Feb
7
16 % Feb 14
(W A) Pen Co—No par
Union
13.200
62%
preferred
Silver King
11%
113 Va
*110
29%
Shell
11%
*34%
116
40
No
No
No
—No
(Frank G)
Shattuck
Sheaffer
11%
*113'/a
*113%
conv
24% July
84
—1
Sharpe & Dohme
$3.50 conv pref ser A
11
34%
*62
60
$5
Jan 26
2% Jan
3
No par
Sharon Steel Corp
11%
*113 Va 113%
62 Va
72
60
34%
35'A
14.900
7%
800
34%
113
220
6.9C0
300
71%
*62
7'A
5,400
27%
45%
71'A
113
*70
:#
30%
72%
*34%
7
*7%
57
65 %
27%
45%
11%
62%
8,900
27%
'
56%
*64%
30%
10%
34%
26%
2,400
18.800
46
27%
71
113%
30%
2.700
16
30%
*45%
27%
11%
*62
:
"
46
71%
34%
114%
7
11
'112%
3%
26%
11%
63 Va
*55
27%
45
34%
'113%
30%
58%
113%
111
*70
*45
34%
29%
65
*7%
*112%
*110
56Vs
65
7%
29%
71
70 Va
116
56
65%
45
58%
.11%
*113%
56 Va
7%
28%
*43
59 Va
25%
25%
1.300
'
24
/ 15%
25%
6%
72%
23%
16
56
*64 Va
29%
*7%
•70
24
5,900
40
155
29%
8
30%
30%
>28
45
65%
72 Va
'70
72%
56
55%
*64%
*153%
155
28%
7
*7%
30%
25%
.25 Va
1;,
65% rt
6%
*7 Va
29%
28%
29%
31.300
No par
Corp
Roebuck & Co
Smith & Corona
'.11.400
4%
33%
155
155
—-
8O0>
5
4%
33%
37
33%
*37
5
4%
4%
'33%
_
33%
-
;
'
36%
*27 V8
23
36 V*
*27
13%
1.100
27%
*22%
22
*64%
700
15
*22%
25.800
1
38%
14%
4%
3.100
300
38
13%
*62
4
*3%
27
27%
65
2,500
200
31%
4%
10%
23%
3%
13%
70%
23%
1.300
520
27%
4%
*58%
23%
>
13%
53
32 Va
36'%
,
100
75 Va
13%:
52%
3%
13%
*43%
*74
*26'A
*2T
28
28%
£.%;
13%
*31%
;>*3s%
36%
28%
75
53
3%
*22%
23t
Bervel Inc
21%
27 Va
;
Sears
21%
31%
32
Seagrave
21%
*3%
3%
*3%
Seaboard Oil Co of Del
5.000
4,500
X21%
$4
1,500
6
95%
31%
14%
30
94%
*26%
38
*70
*5%
6
93%
preferred—
preferred
$4.50
.:
5
4%
5
14
24
95%
17 '1. 73 V2
?1
5%
5
76
20
59%
10 ;
7'A
15
80
10
5%
10
25%
7
34%
3
12%
8
7%
17
9
Hay
Jun
Dec
Jun
Jun
Aug
22% May
35
Nov
30
Jun
6% Dec
80
Nov
12
Jan
69% Jan
42% Jan
11% July
17% Jun
9
Jun 30
Jan 27
Jan 8
Jan 3
30% Aug 9
105
Jan
6
37% Mar 16
109
Feb 16
108
Jan 3
21% Jan 10
100
No par
No par
No par
Scott Paper Co
July
18% July
a"* Mar 17
new__3%
Corp.
Distillers
preferred
2,400
22%
22
22%
27%
15%
64%
*109
31%
38%
*151%
110
10
*26%
3%
*14%
36 V*
30
32
*37%
*22%
112
13%
13 7 a
,*27
*111
27
*3%
27%
13%
100
preferred
5% %
100
42
27,
31%
27%
31%
108
*40
31%
4
*3%
30%
31%
*106
110
93%/
*12%
*74
6.500
Schenley
112
112
22%
•73
75 Va
Savage Arms Corp
31%
>109
*15
*74
4.400
42
22%
22%
5%
5%
94%
*5
94'A
300
7%
5%
39
%
43%
IIOV'4
7
No par
100
5
Safeway Stores
52 %
113%
108
110
100
7%
31
*109
109
1.800
3
12%
71%
10%
101 %
29%
15%
32
Jan
Jan
66% Jan
20
Jan
6
Jan
14% Jan
Jan
3
Feb 29
Jan
3
Apr 18
100
preferred
non-cum
51%
•40
,
4,000
IVa
10
Francisco
Louis-San
Jan
Jan
27'A May 12
No par
Lead
Joseph
6%
113%
>106
112
1%
St
4,400
18
15% July
35% July
25
J
$2.50 conv preferred
7%
51
30%
42
*111
111%
10*
22%
22%
23
*22%
111%
;
110
*109
110
*109
112
*110%
112
*110%
7%
106%
*40
42
.
3.300
33
Va
No pai
(The)
Co
Rustless Iron & Steel Corp
99% July
4
3
May
-
14% Jan
45
Jan
1
Typewriter
8
"13
8%
- 13
5%
17%
Richfield Oil Corp
113%
50%
113
30%
108
*40
41
41
42
*41
*
IVa
106%
31%
30%
*106%
51
32%
15%
4
4
Mar
July
July
100
July
83% July
15% July
36
8 %
15%
July
8% Jan
28
Jan
1
Co
July
Jan
10
Jan
85% Apr
21%
32%
1 Va
Mfg
13%
21%
102%
99
12%
Jan
3
6% Jan 3
84
Jan 15
10
Common
7
87
1
_10
Reynolds
14%
;.26%
22%
3%
99% July 27
100
Jun
I
9
63
8
25
20
17% July 11
21% July 11
20% July 7
8'A Apr 18
16
Apr 24
99% Jun 9
1
Inc
32%
21%
33
80
,
x83% Mar
conv
Spring
Reynolds (R J) Tob class B
32 %
%
97
70
'. 70% Jan
Jan
Jan
Jan
Jan
Jan
.
10
10
24
21
• •
Jan
3%
54%
21
11%
26%
July 29
Mar 3
133
No par
preferred
100
6% conv prior pfd ser A
100
Revere Copper & Brass—1—No par
7%
preferred
2100
5% % preferred
100
Reynolds Metals Co
No par
5%% conv preferred
100
6%
1.900
21%
33
30
270
2,300
Jan; 7
90
Republic Steel Corp
13%
21%
V;
4.800
v,
99%
Motors,
RR
Saratoga
&
13%
21%
33
11%
11
*97%
10
1
25
100
with warrants..—
Preferred
Rensselaer
Reo
No par
Corp
*7%
*15%
8%
8%
;
Stores
-
100
1st pfd
& Co
(Robt)
No par
Ritter Company
No par
Roan Antelope Copper Mines
9%
9%
9%
15%
*15
8%
16
16%
•
9%
9%
15%
*8
*16
16
16
16%
9%
32%
38%
*37%
v
16%
i.
32%;: 32%
32%
32%
*37%
11%
10%
10%
10%
11
10%
:
Reis
H 1.200
93%
19'A
33% July
18
July
33% July
20% Mar
38% Jun
30% July
12% July
50% Jan
3
11% Feb
5
18
Feb 5
14% Apr 19
100
*
133
61
93%
*99
.
Preferred
133
60
47/a Jan
59
-
107% Jan 17
No par
'' 28% Jan • 3
Rayonler Inc
1
12% Feb
3
$2 preferred
25
28
Feb
2
Reading Company
_50 £
15% Jan 3
4 % non-cum 1st preferred
50
32% Jan 13
'4% non-cum 2nd preferred™50
27% Jan; 7
Real Silk Hosiery,.—
5
5% Jan
3
133
17
59
16
31 %
133
59
*18%
6o ;
18%
17
:-
*15%
*58 ,/:
*59
60%
•16
60
16%
*59
10%
11%
11
11%
11%
135
11
131 %
30%
4.3C0
■
preferred
conv
Raybestos Manhattan
500
15%
1
100.
Kadlo-Kelth-Orp' 'um
7.600
9
90%
90%
90
.
32
*
Corp of Amer
No par r
$3.50 conv 1st preferred—No par
'
89
87%.
31%
%
8%
8%
8%
88%
Radio
Jan
38%
Jan
44%
28%
10 V*
Dec
Dec
Jan
40
28 Vs
Jan
38% July
46 Va
Jan
60
37%
Jan
45 Vs May
~5%
Nov
"9%
25
Jan
31% Mar
May
Sep
May
May
66
68% July
7% Jan
14%
4%
Jan
14%
Dec
*17
5% Jan
5%
Jan
48%
Jan
122
Apr
4% Nov
3%
Jan
12%
Jan
.
Sep
10% May
15 Va
Sep
Oct
6
7%
May
May
V* July
July
Feb
14%
Jan
32
26 V*
Jan
Feb
Jan
27 Va
Nov
22%
Feb
4%
Jan
Apr
22
58%
22%
Dec
63% Mar
130
82
4%
Jun
July
14
33
12 Va
Jun
27%
Nov
35%
Apr
35% July
8% May
AND
LOW
I per
t per snare
$ per share
share
t per share
8%
8%
*8%
8%
*8%
8%
*8%
47%
47V2
47%
47%
47%
41V2
47%
5%
5%
57a
5%
5%
5%
5%
5%
*8%
11%
11%
11%
11%
11%
11%
11%
47V4
47%
11
47%
47%
47%
47%
47%
48
47%
48
5%
34%
6%
€
6%
35%
34%
35
34%
35%
35
6%
5%
6
5%
5%
34%
15%
153,4
15%
15%
15%
15%
15%
9%
934
934
9%
93-4
9%
9%
23%
24%
233/i
24%
*23%
24
24
*19%
20%
18 34
517a
*56%
20%
20%
*56%
83/4
*111
8%
8%
*8
112%
50
12
12
43%
43 %
3%
4%
Third
1134
*11%
12
42%
*423/4
4% % 47a
'
15%
15%
15%
16
106%
*106%
107
106%
15%
X15 %
15%
15%
106%
15%
15%
106%
106%
$4.50
390
'
28%
28%
27%
28%
28%
28%
28%
28%
28%
283/4
28%
23%
1.800
50%
50%
50 %
50%
50%
50%
50%
50%
51
51
51
51%
2.300
9%
9%
9%
9%
9%
9%
9%
9%
9%
9%
9%
9%
6.800
22%
22%
21%
227a
21%
21%
21%
21%
22%
2,000
16%
*15%
16%
*15%
16%
*15%
16%
*15%
16%
16%
223/8
16%
4%
4%
4%
4%
4%
43/8
4%-
4%
4%
4%
4%
7,300
953/8
20
22
22
16%
4%
;
96%
96%
96
*95
96%
*95
|
;
•95%
*94%
*94%
953/8
*94%
10
10%
10
10%
10%
103/8
2.100
Truax-Traer
18 V2
18
18%
18
18
18%
18 3/8
3.700
Tubize
31%
106
-7%
*6%
96%
96%
*96%
12%
12%
mv
13
62%
62
62
11 7A
11%
25
25%
24%
11%
7
'. 7
,
96%
96%
96
07
12%
12%'
12%
12%
12%
62%
61%
61%
62
63
11%
113/4
11%
'
7%
7%
7%
97
*96%
V
6%
6%
®/
1,100
.
100
97
*95
'
12%
Jan
31
7
Apr
19
'9% Jun
43
Jan
11
Coach
13
2,700
Twin
*62%
64
1.100
Under Elliott
11%
12
May
Jan
95
Oct
9%
49
Jan
Dec
July
Sep
May
3
Jan
8
8%
Jan
15
441/2 Jun
26
26i/4
Feb
34%
Dec
5% Aug
8
1%
Jan
3
Mar
31% Aug
8
Jan
26%
Jun
17
4% Jan -19
Jan
2
Jan
4
33%
Oct
8
Jan
52
9
29
July 13
6% July 8
10
181/2 Mar
16
6% May
July
7
9%
Jan
15% July
100% Jan
107% May 29
94%
Jan
103% May
Jan
30% July 10
23%
Dec
34% Ma I
431/2 Apr 24
8% Jan 13
52
50
171/2 Apr 25
23% July
18% July
13
Feb
25
121/2 Jan
5
Jan
8% Jan
98% Jun
3
11
5% Jan
10G
4
5
68'.4 Jan
Jan
10% May
6
5
15%
Jan
25% July
IIV4
Jan
17a
Jan
6%
16%
Apr
4% May
May
9% May
Jan
12%
July
90
Jan
69
21
Jan
Mar 25
13
25
99
4
Nov
8% May
102
4%
5
66
Jun
Oct
9%
Jun
Jan
77%
Jun
Jan
6%
July .10
July
34% July
101
Jan
67
5
May
14 »/4
8% Jan \6
24%
Jan
July 21
33 % Jun
3
Jan
.
Jan
6%
26% July 10
17
28% Jan
40%
20% Jun 26
1
21i/« Feb
100
6
22
July
-5% July 10
4
15% Mar
July
10% J.un
31/4 Feb * 4
85
1
Co—
12%
2%
54
321/2 Jan
$4.50
200
113
92
13'/a Mar
$1.50
2.600
109
*103%
109
*103%
35
July 12
9Va July J 7
13
Corp..
Cen Fox
20th
9,100
-
31%
31%
31%
317a
109
*103%
106
7
7{f
97
247a
31%
'
106
A
*6%
24%
31%
31%
31%
n
24%
24%
24%
24%
24%
5
58
IIV2 Jun
Corp
Rayon
24% July
—10
No par
No Par
No par
100
10%
18%
3138
53%
Film Corp
10%
18%
*103%
14
Jan
pnferred
prior pfd
Twin City Rapid Transit
1% preferred
10%
18%
31%
Jan
6
No par
1
No par
*10%
24%
6%
4
1
No par
10%
106
13
5% Jan
No par
18%
31%
12% Jan
501/4 Feb
100
—1
preferred
17%
24%
13% July
23% July
Detroit
*10%
*103%
July
Jan
Nov
Transue & Williams St'l
$6
13
7%
Tri-Continental Corp
300
.
41% July
Jan
16%
conv
Tim ken
Dec
8%
11% July 10
—10
preferred.--i—No par
Axle
10
Timken Roller Bearing——No par
Transamerlca Corp
2
Transcont'l & West Air Inc
5
5.000
15%
107%
33%
191/2 Mar 16
27% July 15
Tide Water Associated Oil
'
15%
107%
107
106%
107
7.800
37% July 14
4
No par
No par
—N( par
Thompson
28,800
6% July
19
4
—
Products
Thompson-Starrett Co
$3.50 cum preferred
434
53% July
9
Thompson (J R)
600
30
13% May
Jan
Jan
32% Apr
25
600
42 3/4
30
29%
29
Jan
3%
141/4 Feb
Transit Corp-No par
Avenue
12
47b
434
4%
39%
29
31%
8%
41%
5
6% July
Nc par
No par
—
12
42%
5%'
4%
29
900
•
;
5
10
12% July
4% Feb 28
Jun
Apr
5% Mar
8% Feb
preferred—
42%
|
11%
*42%
5%
5%
5%
5%
12%
43
28%
27
53/4
Jan
171/2 Jan
Co—
$3 div conv
'■
July 12
45
Jan
3
50y4 Jan
7
8%
Jan
35
No par
Thermoid
5.100
,V
12
5%
19
Mar 17
1
Mfg Co
preferred
Preferred——
v,®:: i -30
50
*49
.
43%
*11%
12
25%
50
*49
9%
9
6 Ye
100
Co
$3.60 conv
to
112%
9%
41/4 Jan
87/8Jun
49
10% Mar 29
10
The Fair
•
44
25%
Thatcher
5
$ per share
$ per share
$ per share
3
45 % Feb
No par
No par
Pacific Coal & Oil
Texas & Pacific Ry
834
*8
8%
115
9
50
"
•
*111
8%
•3%
5%
5%
5%
5%
3%
*49
'50
*49
*8
115
8%
(The)
Texas Pacific Land Trust
57%
8%
3%
800
193/4
112%
12
24
57%
8%
*43%
24%
700
*19%
8%
*49
3.100
*56
112%
e
9%
24%
19%
*8
5%
16%
93/4
57%
*110
50
16%
24
19
8%
5%
Sulphur
Texas
*56
112%
*49
Texas Gulf
5.300
19%
*8
8%
2.6C0
57%
*110
8%
35
?,
19
57%
*8'%
Producing
*56%
*8 ®
"
19 %
*56%
15%
Texas Gulf
9%
9%
*23%
6%
9.500
16%
15%
9%
Corp—
Texas Co
48
6%
6%
Tennessee
5.700
35%
4734
35 %
35
Telautograph Corp
600
11%
*11%
:
500
5%
5%
6
*5%
11%
*11
Jan
42
50
5
5
25
5%% partic preferred
Jan
7
-9
Talcott Inc (James)
170
Highest
Lowest
Highest
$ per share
Par
100
47%
*47
47%
,
8%
*8%
8%
*47
Lowest
EXCHANGE
Shares
$ per share
share
-
8%
47 %
S per
Year 1043
Range since January 1
STOCK
NEW YORK
tor
the Week
Aug. 11
Aug. 10
Aug. 9
Sales
Friday
Thursday
Wednesday
Wednesday
Aug. 8
Aug. 7
Aug. 5
Range for Previous
STOCKS
HIGH SALE PRICES
Tuesdav
Tuesday
Monday
Saturday
Monday, August 14, 1944'
CHRONICLE
THE COMMERCIAL & FINANCIAL
11%
Jun
U
*62
11%
78%
*114%
116
*114%
*113
113%
*113
78%
*114%
116
*113
113%
*113
19%
109%
109
108%
109%
*98%
100
*27%
27%
27%
105%
*104%
30%
30%
27%
28
30
115%
100
99
99%
28
28
28
28
27%
28
27%
*28%
27%
28%
27%
105%
105%
106
105%
105%
105%
105%
105%
105%
31
30%
30%
30%
30%
30%
4%
800
29%
12,800
1.000
99%
98%
28
116%
30
xll7
117
22
117%',
®
22
*23%
1%
1%
1%
34%
35
34%
15%
16
16
*104%
1043/4
*56
*7%
7%
85
84%
84%
84%
*105%
5%
5%
10%
105%
16%
*10%
10%
105%
16%
180
*12%
12%
*46
%
40%
*39
41
*39
46
46
*7%
7%
7%
23%
23%
23%
111
7%
112%
*111
7%
7%
'7%
10
9%
9%
37
36%
36%
,36%.
*46%
47%
46%
46%
*46%.:
*9%
38%
38%
38%
1%
1%
1%
1%
49%
48%
50%
137%
137%
137%
49%
*137
57
47%
49%
138
*76%
57%
128%
128%
26%
127%
26%
48%
26
*47%
128%
' 26%
48%
*47%
3%
3%
101%
*15%
2
76%
58%
3%
3%
3%
138
57%
*38%
2
47%
138
56%
38%
1%
16%
3%
3%
*15%
3%
3%
99%
16%
5%
3%
3%
99
99
*97
16%
*15%
*5Vb
3%
3%
*96
*15%
5'/a
;
77
39%
*5%
5%
*37
38
*36
37%
36
36
74
*36
*73%
37%
*73%
74
*73%
74
73%
74
169
*168%
169
*168%
169
5%
169
5%
19%
12
19%
®
47%
47%
19%
19%
12
12%
47'%
47%
118%
119
*118%
12%
13
12%
119
*118%
12%
12%
■
74
*168%
•
44.100
4,200
k
50
United
11
11%
*105% 105%
16%
16%
78
78%
*175% 180
12%
12%
1.900
*46%
39%
7%
23%
39%
400/1
■.
7%
400
40
'
1.500
1.900
24
.*111
112%
v® 7%
8
10
10
35%
*«a
10®
-
35%
500
46
38%
2%
49%
-1.200
29,100
16.800
-1.200
38%
2%
49%
139% 140
36
36
169
19%
12
*47
48
47
47
12%
*118%
119
13
12%
46
46
47
46%
*47
47%
*47
*80
83%
*79
83%
*79
83%
*79
*84
85%
*84
87
*84
88
*84
.
,
*25
*25
25%
25
26%
25
25%
25%
25%
25%
25%
25%
I
ii
Jan
2% May
19
July 10
17%
Jan
18
17% July
5
7%
Jan
353/4 Sep
15% Sep *
4
10534 July
6
94%
Dec
96
117
*42
4
55
117%
44
3%
4
44
117
4%
4%
54%
54%
55%
55%
117%
54%
117% 117%
*42
4%
4
55
55
*117%
117%
117V4
*42
*381/8
38%
38%
38%
*38%
39%
*35%
35%
35 Va
35%
35%
35%
120
150
125
—
♦120
*150
39%
35%
*42
Jan
9
Jan
Jan
66
July
6
11% July
5%
33 % July 14
233/4
Nov
89
60% Mar
12
19
39% May
105% Aug
9
9
17b Feb
10
Mar 28
,88®
Jun
27
59
,180
Mar 13
168
Dec
Jan
10
8'% Jan
4
13% July
7
48
170
42
Jan
34 y4 Apr
No par
5
Jan
35%
35%
'*150
'
353/4
35%
*150
24
56%
*54%
56%
12
*11%
12
29%
'107
29%
111
54
55
*11%
12
*11%
55
12
* 11 %
*28%
29
28%
55
55
29
29
29
29
*107
110
52%
*107
*53
54
*107
110
52%
*18%
18%
*18%
18%
*18%
18%
*53
*18%
83/4
8%
8%
87a
87a
9%
8%
*52%
For
footnotes
see
page
643.
\
55
110
53%
18%
8%
*107
i
/■
x52%
*18
8%
55
54%
12
11%
7 %
1st preferred
Vertientes-Camaguey
Vick
28%
28%
*107%
110
52%
18%
8%
,
*52%
*18%
Co
Chemical
5%
Victor Chemical
Va-Carolina
; ®
6%
Va
400
5% Apr
24
8% Jan
25
10
30% Apr
19
37% Jun
40% Jan
3
35% Apr
7
9
ioo
Sugar
108
8%
29%
25%
El
&
Pow
Jan®
6%
'
500
600
•
*
-
®
*
200
___
-
preferred
4,700
,
.
•
W
Wabash RR 4%%
Waldorf System
Walgreen Co___
: 4 V2 % preferred
.
.
.
„
Walker (Hiram) G & W
Div redeem preferred
Walworth Co
I
Sep
Jan
130
Dec
Jan
62
May
64%
Jan
-47%
Jan
69
•
77
May 25
v
50% Apr
22
135% July
27% July
May 18
44% Apr 26
2% Jan
28
July 20
63% July 10-
19
xll9% Jan 27
112
8
42%
29
1%
4% Jun
20
.Tan
*
®
A'an®
•
2% Apr"-. 5
18
Jan
76
14% Jan * 4
3% Jan
4
July 25
18% July 5
6
July
162
37
Mar 20
116% Jan
28
169
Feb
119% Jun
12% May 15
14% July
2%
Ncv
®
6% July
30 Va
Nov
*
59%
Jan
25
15
70
Feb
11
80% July 27
85% July 21
21% Jan
7
4
Feb
4
Feb
9
Mar
5
40%
Dec
113% Jun
14
38% Feb
17
52
Jun
21
39% Jan
33
Apr
19
102
Jan
4
120
Jun
149
Feb
14
155
July
100
No par
40
Jan
3
10% Jan
19
No par
26% Apr--
Mar
41% July
75% July
165%
Nov
25% July
12%
Feb
37%
Oct
120
Oct
,7
15
44%
Oct
Aug
'
Jan
65 T
57
Feb
67% May
20%
Nov
26%
51
Feb
Jan
6% July
39
Jan
68% July
20%
Jan
27
Jan
40
Oct
353/4
Sep
2%
117% Aug 10
100
37
1
5% Mar 24
62% July
115
Jan
5
41% Jan
52
-
12
63 % Jan
par
150
25
49% July 24
25% Aug
Oct
20% July
7
5
Oct
88
Jan
®
'
July
Apr
50% Aug
3% July
Dec
3
78
29
: 13%
5
39% July
v
July
®3
3/4.
56
100
Nov
59% July
20% Nov
3
23
4% Jun
...-
74'
125
Jan
t 48% Feb
pfd___100
25
25
100
/
Jun
46
100
preferred
46%
101
100
$5 pref
Coke 5%
July
37a May
61% July 13
5
Vulcan Detlnning Co
Preferred
500
,
&
42
44%
142% May 18
Apr 27
No
37% May
•
7
100
preferred
Oct
Jun
13
Jan ? 4
5
9%
Jan
«.
i.
Apr
52% Feb
130
100
Works
Apr
8 % July
,
Jan
54% July 14
,
100
Co_6%
7%
Jan
U
Nov
114
Jan
20
Oct
44%
x42% July
19%
.
Jan
237a
32
27
July 10
2% Jan
,
-
®
Nov
42
Oct
Apr
10%
Jan
Nov
Dec
Jul?
753/4
181%
.
Jan;
4%
July 12
July 6
68
.
Virginian Ry Co
1,900
•
9%
13%
3
47... July 20
2
Feb '
40
.9
.
18
Feb
1.
4':® Jan
28
112% May 31
100
Chemical
div partic
Va Iron Coal
:
35%
53%
18%
25% July
3
10
31
preferred
non-cum
1.000
®
40%
110
8% Jun
19
Feb
No par
Vicks Shreve & Pac Ry
10
44
55
12
28%
Jan
16% Jan
110
19 ~
Jun
30
Jan
,
*54%
*11%
393/4
Jan
400
*150
—
May 20
43% July 11
Jan
*120%.
*120%
.
5%
8%
1.400
99%
X,
Jan
5
Dec
13% May
'
Jan
15%
1,600
*39
Jan
17
Dec
5% Apr
Jan
21% Feb
70
No par
No wr
29%
Jan
9%
4
3
25%
2.700
39%
4%
84%
12% July
97% Jan'
14% Jan
47% July 21
4
117%
5
105% July 11
•
Dec
100
Jan
5
Sep
2%
-
®*
Dec
99
'
3%
6% July
3
53
117%
-
Jan
4
*42
-
13% July 11
X53
44
—
23 % July
4
117%
,
_
Jun
Apr
76%
16% Jan
3
3
Feb
—
9%
35
Jun
2%
3
15%. July 20
8
28% Jan
5
July 13
2% Jan
3
Jun
4
4
Jan
5 :
Jan'
8
98% Jan
No par
_20
100
5
50
5
Dec
2%
38%
l%Jun
No par
No par
Van Raalte Co Inc
Jun
26
4
300
Jun
rj
14
-10
Co
Jun
9% Jun
4
56
39%
*120
*120
*150
44
*39
44
*42
4
37
69 %
x26
62 % Jun
'
3%
55
1% July
114
5
Feb -
75% Jan
100
•
,
3
9% Jan
Van
85%
46%
47
Jan
17% Jan
83%
85%
18%
2.50
47%"
83
*84%
21
Jan
No par
®®
13%
*79
•
26
Vanadium Corp of Am
300
119
79%
79%
*84
3
2.000
Gorman
22% May
Jan
No par
'
•
.
Jan
Jun
Preferred
:
Universal Leaf Tob—
8% preferred
12
48
Jan
55%
114
70
20
' '
19%
12
16
1
Jun
33% July
— —
—
70% July 11
26% May
Prior preferred
100
U S Lines Co
1
Preferred
_
10
U S Pipe & Foundry.
:_20
U S Playing Card Co
:
-10
'US Plywood Corp
1
tU S Realty & Impt
No par
® U S Rubber Co....
...
..10
8% non-cum 1st preferred
100
100
36
74
74%
*168% 169
74
19%
*118%
preferred
:
Paperboard
56%
57
1.900
U S Smelting Ref & Min
50
*77%
80
100 '
Preferred
!
50
58%
59%
25.700
U S Steel Corp
'
No par
128
128%fe'
2,200
Preferred
100
26%
26%
2,000
U S Tobacco Co
No par
*47%
48%
:®:
1% non-cum preferred—
25
*3%
4
1.400
United Stockyards Corp
1
3%
3%
1.900
United Stores class A
...5
*96
98%
100
$6 conv preferred—
No par
*15%
16%
®
...
Universal-Cyclops Steel Corp
_1
5%
5%
600 * Universal Laboratories Inc
_1
i
<
10®
9.900
1,200
•
600
Jan
■
—
5
Mar 23
6
par
1% preferred
U S Hoffman Mach Corp
5%% conv preferred
U S Industrial ChemicalsU S Leather Co
;
Partic & conv cl A__
:
47%
12
13%
No
U S & Foreign Secur
'
22% July
4
114%
Jan
173/4
8
45% Apr 19
par
430 *
$6 1st. preferred
- 1.000 % U S Freight Col
' 1,200
U S Gypsum Co
T
93%
32%'July 31
117% Aug
May
12% Apr
i——ii—®,--13%
1.900
5 %
106% July 21
19
"
95% Jan
United Merch & Mfrs Inc.. ——1'
800
24
May
—5 '
Improvement-.
issued
6%
19%
119
When
40
Jan
61
—No
35 7/a
47%
*46
7 United Gas
28% Mar
Nov
109%
par
—5
®
United Fruit Co
105%
6
19%
*12%
Cos
Engineering & Fdy
,l8/«
12
*118%
12%
Coal
Electric
United
15%
Oct
Jan
X24%
13
110
,—100
-
United
1.900
11%
*47
119
■'
07
24%
30% July 11
22% Apr 18
;———_1
Dyewood Corp
500
85%
19%
12%
48
*35
-
*168% 169
19%
11%
*47%
19%
12
s
1003/4 Feb
—5
4,800
»
Jan
79%
July 20
28% July 20
6
'
102 % Jan
22
_
_
35%
78
7%
7
7
23
23%
23%
.112 Va
' *111..
112%
7%
7%
7%
9%
9%
9%
35%
*35%
36%
46%® *45
46
38%
*38%
38%
2%
2%
2%
48%
48%
48%
138
/
133
139
57%
57
57
78%
"76%
78%
58%
x57%
58%
128
128
128%
26%
26%
26%
48%
"47%
48%
37/a
37%
4
3%
3%
3%
99%
*96
99%
16%
*15%
16%
,5%
*5%
5%
100
Oct
6
Jun
25% Jun
1053/4
113% May 26
1% Jan
*105%
®"
"175% 180
12%
12%
"46%
47%
<
.
46
26
48
3%
36%
46%
57
128%
26% ;
*99%
7%
9%
35%
76%
57%
59
58
128%
26%
*111
,
11
11
105% 105%
16%
16%
39%
7
76%
*75%
58
*47
22%
57
57
76%
57%
5%
5%
*47
57
*75%
36
105%
39%
10
38%
39
*35%
10%
10%
105% 105 %
16%
16%
77
77
*175% 180
*12%
12%
*46
47%
7%
*36%
1%
15%
*105%
6
*5%
*111V: 112% /
7%
9%
1%
153/a
1%
35%
40
23
85
1053/4
7%
23%
7%
,
843/4
15
1
92% Feb
preferred
Preferred
80
103/4 ;
31%
35%
6%
*39
7%
23%
1%
22% July
102% July
20% May
Co
Co
Drug
United
200
>
uj?8
10%
'313/4
10%
31%
105%
35
10%
11
105% 105%
•;
.16%
16%
77%
78%
*175% 180
%
12%
12%
*45
47%
11
57
56
10%
15
15
Jan
preferred
$4.75
200
8
*7%
31%
843/4
Jan
80%
•
7%
56
®
84%
1%
.
105%
5%
57a
*175% 180 .
*12%
12%
47
1%
,
32
84%
15
105%
105 % 105%
16%
16%
*77%
78%
78%
*77%
35
105%
10
15%
7
Corporation
United
2.200
16
1043/4
*104%
105
7%
56
1 ft
®
8434
15
35%
*35
347a
10%
32
1%
1%
15
553/8
*31%
57%
;*56
7%
'7%
8
*7%
10%
1%
106
5%
,
*31%
*14%
12,500
$3
•
10%
V
16
15%
114%
6
United-Carr Fast Corp
36%
36%
36%
153/4
*104%
57%
15
34%
15%
104%
31%
1%
1%
*14%
153/8
104%
Jan
20% July
100
__
—No
500
United
Feb
Apr
31% Apr
Carbon
United
76,000
xll8
111% July
,100
—
conv
600
1%
1%
.
Jan
3
10
25
243/4
243A
35%
153/4
104%
3134
9%
32
85
:■
,"♦56
r.. 9%
-57%
9%
*31%
35%
15%
1043/4
17a
1%
104 3,8
16
*104%
8
*7%
134
34%
35%
34%
24%
113
14
July
3
100
1
66%
66%
66%
116'% Apr
59
5
100
Inc
Biscuit Co
preferred..
5%
:
yh'f -v;®
*114
66%
24%
1%
1%
1%
35
24%
24
24
24%
66 %
UnJted
800
22%
22
22%
*22%
*114
®;
®.; 66%
66%
*66
66%
1%
r:v-
*114
*114
*■
*23%
24 y4
22
22
21%
-•*«.
86% May
18% Feb
_-5
preferred
113/4
Dec
93% Jan
26
Air Lines
Jan
1093/4 Feb
preferred
conv
472%
&800
117
117
117
117
5%
United
19
Jan
8
.
25
„
preferred-
non-cum
Feb
42
*76%
28
13% July 5
823,4 jun 20
7
25
100
.
...
United Aircraft Corp
6.400
1
113
Union Tank Car
300
28%
*28
"
•
*66
66%
128%
1,700
Union Pacific RR Co
•
*66
111
109%
Union Oil of California
100
116
*114
*175%
109%
110
-
No par
pfd.
2.700
19%
10
'
9 % Feb
763/4 Feb
series...
Preferred $4.50
50
19%
28%
21%
2234
*21%
*114
*105
Union El Co of Mo $5
31%
116
116
6.000
113%
113% "
*19%
108%
99
*27%
28 %
*113
113%
No par
Carbide & Carb
Union
116
19%
28%
100
28%
*114%
51 % Jan
Fisher Co— .—No par
Union Bag & Paper——
3.700
jj
80%
703/8
793/s
116
113%
99
*108%
109
*98%
*104%
78%
*114%
109
108%
117%
19%
19%
19%
19%
.
■
'79%
79
116
■
78%
113%
19%
19%
....
*114%
116
19%
11%
117b
79%
78%
79%
*61
45"
Oct
29%
Jan
27
80
Jan
110
Aug
6
113
Jan
150
NOV
35% Aug 10
,
100
No par
No par
No par
24%
Jan
40%
12% July 10
7%
Jan
11% May
May 25
20%
Jan
Feb
28% July
59% Mar 13
1
30
105% Mar 27
108
July 31
55
July 14
38%
Jan
Jan
Jan
48
Feb
4
103
17% Jan
12
18% May 26
15%
7% Jan
3
10% Jun 27
4%
109
•54%
Dec
Jun
Oct
18% May
93/4
Jun
1
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4307
160
NEW YORK STOCK
LOW
$ per
*9%
$
share
9%
1%
1%
*1%
9%
*9%
1%
1%
53%
53
53
12%
13
12%
13
31
31
31
31%
*24%
24%
24%
24%
*17%
17%
17%
17%
29 'A
29%
29%
29'A
9
9
/
9
•"/
22%
81
81
22%
23
92
92
*103
97
97
117%
*117
24%
500
13%
15.600
Warner
Bros
400
Warren
Fdy &
30'%
*29
24%
*24%
24%
*24'%
30'%
24%
17%
*17'%
18
*17%
17%
29 y4
*28%
28%
*28%
29'%
8%
/ 9%
12%
12%
12%
//i 4%
4%
-
5
9
9%
9
23'%
*21
80%
*80%
23
23
23%
23'%
23%
24%
93'%
93%
94
94
94'%
104'%
104'%
23
*96
97
97
•
117%
97
117%
24
95
117'%
117%
23%
24'%
106%
106%
32%
32%
32%
32%
4%
4%
4'%
4'%
4%
*25%
26
25%
102%
Xl01%
*132
136
31
31
*110%
106%
!
1,600
12
*11'%
12
12
12'A
12%
12%
46'%
47
47
43'A
47%
48%
/11.000
27%
27 %
27%
27%
28'A
28%
28%
:
25%
25 '2
25%
25%
26%
26%
26%
103 %
102'%
102%
103'A
136
133
*33%
34%
>
31
31
*110'%
111
110%
llO'/a
106'%
*106
106%
106'A
106'A
*70
74
*71
74
72%
72%
*102%
103%
*102'%
103%
102%
102%
*102%
28%
28%
28 %
28%
28's
28'%
28%
102%
104
*102%
28%
29
29%
28%
77
*71
$4.50
340
;■•'
29%
-
21
50
50
-
x91
12.50
-
preferred
21'A
200
26%
26%
3,000
White Motor Co
9 Vis
9%
9%
4.200
White
8%
8%
8%
*81%
83%
*81'%
.29
8%
*28%
29
a
8%-
>
86
*29'%
30
30
30
*81'%
87
*81%
8%
8%
8%
8%
86
9
30
86
*81%
7%
*7%
7%
7%
7'%
7%
7'%
7%
7%
*7%
16%
16%
17%
15%
16%
15%
16%
16'A
16%
16%
7%
16
10%
10%
10%
*91
12%
12%
12%
21%.
' 41%
30
30%
*69
42'/a
10%
10%
10%
10'A
10'/a
92'%
92%
921%
93
29
72
*70
13
*12%
%
*21'A
21%
41%
41%
42%
29'%
30%
%
21'%
41%
30
*69
70
*73
30%
30%
71
*69%'
71'%
*68
70%
*69
71
74
*73
75
*73
74
74
73
73
68
68
68
68
68
68%
68%
68%
68 %
36
36
*35
34%
35
34'A
35
35%
35%
13%
14%
14%
14%
13%:
14%
13%
14
13%
14%
19'A.
19'A
38%
38%
19
19
37%
38%
*102 »/2
103%
;
•
19%
*19%
19%
38%
38'A
38%
102%
104
16%
16%
40'%
40%
5%
5%
Yale ft Towne Mfg.
York
19%
Corp___
6'/a
Apr
5%
Jan
11%
Apr
10
preferred series A
Youngstown Steel Door
1,800
16%
16%
16%
16%
41'A
41
41'%
41%
42%
2,700
Zenith Radio Corp
5%
5%
5%
5%
5%
4.100
Oct
49%
Oct
Nov
24%
Dec
15%
Jan
24% May
100
136
Jun
Jan
40
July
July 21
22%
Nov
106%
Jan
112%
Jun
52
Mar
60
Apr
Oct
Jun 19
Jun 17
Jun
32
24
♦Bid and asked prices;
29'A May
May 18
85
Jan
99
32 % July 10
18
Jan
24'% July
84 % July i.4
58%
Jan
103
15
13'A
Jan
3%
Jan
2%
Jan
71'% July
20
Jan
7
Mar 23
July 5
July 12
Aug
3
July 38
11
97%
86
30
•...
10% July
Oct
7'%
Jan
86
Apr
x20'%
Jan
27
Oct
40
6% July
9'%
Jan
80% Jan
3
4
11% July 10
96
July 10
4'A
Jan
9ya
5
14% July 14
8
36%
20%
47%
49
■
"
Jan. 3
4
Jan
July
July
July
July
July
July
Mar
124
Jan
5
Jan
5
69'% Jun
8
58
Apr 26
24
42%
337%
73
73'%
87'%
70
Jan
Jun
Sep
86%
Oct
Jan
11%
Apr
115
31
Jan
9
Jan
57'%
6
17
17
14
34
14
12
121
Dec
17%
Jan
24% July
30'%
Jan
42'% July
16%
Jan
25%
44%
Jan
54
Jun
46
Jan
57%
Jun
78%
Dec
58 ya
Jan
6
36% July 17
21%
Jan
9% Apr
25
3
20% July 14
~7%
Jan
33% Apr
Apr
70Va
Sep
15% July 20
14% Jan
Oct
108
.27% Mar
96r
"13
31% Sep
17% July
24
42% July
5
30
Jan
4iy» July
Jan
6
104% July
7
82
Jan
98
Nov
Jan
3
17% Jun
Jan
16%
Jun
28
9%
no
sales on tjiis day.
5%
tin receivership,
a
n New Stock,
Deferred delivery,
r Cash sale,
.No par
s Special sales,
33% Jan
3
1
3% Jan
44% July 12
19
wd When distributed.
6% July
x-Ex-dividends.
-
5
2
Jan
37% July
Jan
19%
4% May
y Ex-rights.
Transactions at the New York Curb Exchange
Daily, Weekly and Yearly
Daily, Weekly and Yearly
11,1944
Saturday
r
and Miscel.
Shares
Bonds
463,130
Bonds
<
; .
Bonds
y
Sales
v
261,000
5,701,200
,
11,000
6,189,500
18,000
6,003,200
38,500
5,418,000
5,970,000
306,000
8,000
$30,116,600
$1,637,000
$103,000
Government
300,000
12,000
593,000
35,000
1,000
629,000
239,245
596,000
14,000
2,000
612,000
300,845
Thursday
574,000
14,000
2,000
590,000
318,155
Total
728,000
31,000
4,000
763,000
$2,994,000
$118,000
$11,000
$3,123,000
1944
1U
168,753,940
$103,000
$64,175
1,637,000
Government
Railroad
ft
Industrial.
1,657,000
$4,236,200
71,876,500
1,778 443,900
Total
30,116,600
$31,856,600
1,494,035
Stocks—No. of shares——
36,063,000
$37,784,175 $1,854,556,600
$2,994,000
j Domestic
$2,137,375
118,000
Foreign government
80,631,100
2,278,542,900
Foreign corporate—„—
1
.
$2,361,311,375
listed
on
the daily closing averages
are
the New York Stock Exchange as
of representative stocks and bonds
compiled by Dow, Jones & Co.:
-Bonds-
-Stocks10
se
Indus¬
trials
Date—
20
Rail¬
road#
IB
Utili¬
•
65
ties
Total
Second
ie
Indus- ••■_
Grade
Grade
Utili¬
trials
Ralls
Ralls
ties
107.30
109.41
80.04
*110.29
101.76
107:30
109.49
79.96
10
,.
Stocks
23.98
10
First
Total
52.00
•
'
.
40
•
Bonds
August
4
•145.30
40.80
-145.07
40.86
23.98
51.96
101.76
5
110.31
August
7
145.32
40.88
24.07
>52.05
107.30
109.57
79.70
110.35
101.73
August
144.97
40.70
24.01
51.90
107.34
109.41
79.79
110.41
101.74
August
8—
107.24
109.42
79.79
110.44
101.72
August
August
August
144.90
IOZZZZZZ
11
*Corrected
40.92
24.30
52.02
145.65
41.18
24.62
52.35
107.36
109.56
80.05
110.30
101.82
24.75
52.61
107.45
109.70
80.28'
110.28
101.93
*
146.27
figure.
41.46
•
..
11,000
$3,123,000
Total—
Stock and Bond Averages
Below
11
1943
716,405
Jan. 1 to Aug.
1944
43,104,387
11
1943
52,489,717
Bonds
Bonds
Foreign
314,000
205,262,728
3,014,598
5,729 370
$2" 000
-
1,494,035
Friday
1943
1944
1943
1944
Stocks—No. of shares
Total
$215,000
274,075
_
Week Ended Aug.
Jan. 1 to Aug.
Week Ended Aug. 11
Foreign
Corporate
$12,000
$203,000
275,070
Wednesday
$31,856,600
Domestic
86,645
Tuesday—;
6,284,000
5,729,370
Total
5,179,500
944,330
Friday
200,000
11,1944
Monday
//
Foreign
of
Shares)
Saturday
4,725,900
16,500
284,000
1,015,730
Thursday
Week Ended Aug.
$3,236,000
$11,000
Bonds (Par Value)
(Number
407,000
4,453,900
5 766,000
963,410
-i
$179,000
$3,046,000
1,071,960
...
Bond
Foreign
/
1.270,810
Wednesday
Total
Government
Railroad
Number of
Week Ended Aug.
Stocks
United States
Stocks,
S.
Jun
22% Aug
-
Transactions at the New York Stock Exchange
U.
July
Jan
100
No par.
Zonlte Products Corp.
37%
22
Jan
23
—1
5'%%
Sep
-10% Jan
-
par
Co
i
16'A
5'%
Jan
2'%
No par
Youngstown Sheet & Tube—No par
140
.
2%
Oct
2%
6
Young Spring & Wire
1,200
5.000
103%
103
104
*102
Dec
16%
5
pfd 4%% series
100 pfd 4'%% Conv series—_100 /
Wright Aeronautical
No par
Wrigley (Wm) Jr (Del)
No par *
8.300
39%
19%
-.39
31%
110
5
Prior
*40%
40'%
5%
103%
16
16%
40'A
5%
5%
19%
38%
Jan
110% Aug 4
106% July 13
77
July 17
100124
July 31
10
* " 19% Apr 27
pfd
(F W) Co
1,000
•
Jan
19
11% Jan
13
5
3
10
10
10
Oct
Jun
9% Apr
Prior
700
14%
103
Jun
July
July
July
July
July
Oct
87%
119
1
40
40
19%
38%
36
14'A
.
20
*35 '/
-
Jan
Jan
20'% July
~
10
Woodward Iron Co
100
68%
57
.109
3
\
No par
Co
Worthineton-P & M. (Del) —No
74
74
38'/a
16%
*
..
...
.
preferred
Woolworth
200
*67%
19%
-
104
IO31/2, 104
16%"
16%
36
No par
3,600
70'/a
*69
*69%
Aug
99
14
*
9,100
/
70%
*69
70%
*69
*73
68 Ve
:
Dec
85
Feb
- ?■
1
$6
100
31%
'
20'A
4% Jan
5
"
30'A
71
69
70
421/2
20
July
Jan
- *
par
Motors
Wisconsin El Pow Co 6%
22%
42'A
No
preferred
Wilson-Jones
jy"
*21%
preferred'
8 %
Jan
7% Jan 24
/ '
5
Jan 26
' x64'% Jan 24
'
24
Jan 27
No par
1
Wilson & Co Inc
700
*123
■
21'%
21 %
42%
70
;
conv
Prior
; 400
12%
12%
12%
12%
123
Springs
Willys-Overland
8.000
79% Nov
Jan
31
28
66% Jan
Wilcox Oil & Gas Co
1.500
93
*123
41%
30%
30%
70
*21
21%
41%
21%
41%
200
10
'123
*123
*21%
$4
/
60,700
:
Rock Min
*
;•>
<
7%
26% July
Jan
2'%
81
13
105% Jan 12
-101% May 26
— 59% Feb 19
1 *
White Sewing Mach Corp
3,709
.-V
17
92 %
10%
93
12%
.•
"
92%
12%
12 %
*123
10
*92'%
10%
*91 X
93
:
-
31
*28%
31
*28%
r;';9>;:/
8%
8%
86
*81%
'
Jan
69
29% July
*20%
26'A
9
177%
Sep
Dec
July
Jan
22
21'A
•25%
140
26
July 10
July 7
36
-
100
Jan
120
4
25% Jan
•
No par
No par
100
17%
Jan
7
*20%
25%
9
7
8
20%
Jan
7
77%
21%
25%
9
Feb
Jan
23'/8
Jan
8%
Feb
*77
*20'%
25%
9
32
Jan
12%
67'%
Feb
77
21%
25%
9
24
Apr
15 %
50 %
20
76%
*20%
:
Apr
32%
11
5
1
10
18
76%
20%
9.
3
10
20
15% July
Dec
31
7
76%
#
Feb
Jan
Jan
July
Jan
22
5
3
25%- 26%
9%
M 9:;l
7%
May
2% Mar
56
19
20'% Feb
20%
771%
7
Jan
Jan
11
5
July
July
Jun
Apr
May
Aug
July
Aug
Jan
97% Jan
25%
-77
Jan
"127% Mar
Wheeling Steel Corp
$5 conv prior pref—„
21
%
13
6
.—No par '
No par
'
White Dental Mfg (The S S)
20;/*
-30
2,500
•77
77
-
No Par
Wheeling & Lake Erie Ry
5'%% conv preferred
25 V'4
'
No par
Instrument
21
*76%
>
3%
- *
7%
41
?.
22%
*
30%
10%
25%
83
25%
94 %
106%
97%
117%
28
107%
35'%
6'%
16'%
53%
31'A
28%
108 %
138
4
1
25
103
No par
;
preferred
preferred
$4.25
»
10
104
Elec
Feb
- "26% Apr
Supply Co
Maryland Ry
Westvaco Chlorine Prod
100
•V
106'A
--16% Jan
*
—
Auto
partic"
Weston
"
74
74
*•/;.:
1st
;
400
llO'/a
106'A
100
Westinghouse El & Mtg
4,500
.,
pfd
Westinghouse Air Brake
V '-
31'A
*110
/
*70
104
34
31'A
31
110'%
106
2,700
."V
*33%
preferred
Class B„_•
4.300
/
104
103%
!;
V
*133
*33'A -34
110
111
%: 106'A
*71
t 74
106
600
'
34
x31
31
*30%
31%
102'%
*132
136
*33%
100
100
No par
100
10
Western
100
4% non-cum 2nd preferred
100
Western Union Teleg class A-No par
6%
Western
2.100
1
47%
*132
34%
*30%
111
*106
•
-
103 %
136
*110%
33'A
33
• ■
102 %
26
*33 %
4%
par
West Va Pulp & Pap Co
50
27'%
■
6%
22'% Jan 26
Jan
6
18'% Feb
9
83
Jan
3 f
^ -96% Feb 16
85% Jan
3
' 113% Apr
1
1
Corp
preferred
preferred
1.100
25
par
6
3
No pat77
110
4% /• 4%
33
23
Jan
6% Jan
No por,,;
West Penn Power 4'%%
*106%
•
No
preferred
Indies Sugar
7%
'
■
19% July
West Penn Electric class A—No
130
117%
*24%
24%
1
I
..
.
Eisenlohr
conv
West
60
160
46%
12
27%
34%
117%
$4
6,500
v.1/;'/
95%
95%
117'%
24%
106%
32%
47%
27%;
102%
Wesson Oil & Snowdrifi
200
■
105
104
96'%
*
25%
12
46%
27
*33%
104'%
9
12
12%
47
*133
Webster
1.000
80%
5,200
23%
*80%
*92'%
'104
15% Apr 25
Wayne Pump Co
*23
24
4%
26%
-
200
8%
106% 106%
45%
*11%
,v
29%
81
*117%
24%
*4%'
*28%
No
Highest
f per share
Jan
26
July 10
par
Waukesha Motor Co
22%
32%
32%
Washington Gas Lt Co
23'%
15
1
100
500
4'%
33% Jun 27
24% July 12
No par
17%
8%
24
22% Feb 14
22% Apr 25
5
Pipe
24%
v
11'% Apr
5
Pictures
17%
23'%
.
par i
$ per share
117% Mar 31
2
Apr
3
62
May 18
8
50
*24%
*80'%
93
*92%
V 104%
No
preferred
31
81
*103
*106%
33
12%
$7
*29
23
v
*32%
12%
81
117%
*24
24%
109
*106
1,600
23
97
*117
1%
53%
*29
:
104%
103%
1%
53%
*28%
93 ft;
*91%
*9%
1%
53'%
12%
22%
22%
,
104%
*96
v
9%
1%
*52%
$ per share
Jan 27
1% Feb
9
45
Jan 27
-No par
Year 1943
Lowest
Highest
$ per share
Par
Ward Baking Co cl A
-Class B
200
10
Lowest
.
2
31 y4
*24
Shares'
$ per share
Range for Previous
Range since January 1
STOCK
EXCHANGE
53
*
52%
12%
22%
81
*1%
*9%
31%
9%
22%
22%
9%
NEW YORK
the Week
Aug. 11
$ per share
for
Sales
Friday
Aug. 10
share
*9%
53
*52%
■
*80'A
5 per
1%
17%
*53—
Thursday
Aug.!)
9%
9%
STOCKS
Wednesday
$ per share
per share
RECORD
SALE PRICES
Aug. 8
Aug. 7
Aug. 5
HIGH
Tuesday
Monday
Saturday
AND
643
$2,936,000 $115,168,000 $143,313,000
165,000
6,885,000
9,575,000
18,000
680,000
945,000
$3,119,000 $122,733,000 $153,833,000
THE COMMERCIAL &
644
Bond Record
New York Stock Exchange
«»
FRIDAY
PricM
vrvrirF
we^
the
regul^r wTekly
The italic letters
range
Last
Interest
Exchange
U. S.
4s
Treasury
3%s
3%8
3%S
3s
3s
27/r8
2%8
2%s
2% 8
23/4B
Treaiury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
J
—
1955-1960
1845-1947
1948-1951
1951-1954
1956-1959
1958-1963
1960-1963
1043
1948
1949-1953
1950-1952
1952-1954
1956-1958
1962-1967
—
2%s
2%s
2%s
2% 8
2 Vis
2 %s
2Vis
2Vis
2 Vis
—
—
-
-
-
—
A-O
3-D
M-8
J-D
J-D
J-D
M-S
M-8
M-S
M-S
J-D
M-S
J-D
1947-1933
1944-1954
1946-1958
1946-1949
1949-1952
1946-1948
1951-1955
2 Vis
Treasury
Treasury
2 ViS
2 Vis
Treo»«,ury
2 Vis
1954-1956
2 Vis
Treasury 2s
1956-1959
1947
1948-1950
1948-1950
1949-1951
1949-1951
1949-1951
1950-1952
1950-1952
1951-1953
Mar
—Dec
Jun
Sep
Dec
March
Sept
Treasury 2s
2s
2s
2s
2s
Treasury
Treasury
Treasury
Treasury
Treasury 2s
_
Treasury 2s
Treasury 2s
Treasury
2s
Treasury
2s
Treasury l%s
104.20
104.20
111.4
50
Buenos Aires
A 6s
102.16
102.14
106.24
106.24
.*109.11
109.13
109.3
109.12
*111.15
111.17
111.9
Canada
111.18
111.10
111.10
111.27
111.7
*102.21
102.23
102.28
,,
106.18
106.16
106.24
106.16
106.18
*107.1
103.29
103.31
104
*103.19
103.21
103.17
100.17
100.11
100.17
100.7
100
100.7
100.7
100.6
100.6
100
/
100.7
100.7
1
100
100.6
100.8
9
100
100.9
M-S
*100.15
100.17
*100.26
106.28
——
V-"-
—
^
107.6
10~7~9~
100.2
*104.7
*101.31
J-D
A Extl
104.8
V"'
*101.22
101.24
*101.21
101.23
10*i~8~ 10~L19
M-S
*101.13
101.15
101.6
101.9
M-S
*101.5
100.21
101.1
M-S
■'vj.
J-D
V;v.'
'
M-S
101.7
100.18
100.19
100.11
A 6
/
1%8
1945-1947
J-D
1961
3s_
100.28
3
York
a
100.28
A 68
of
134
A 68
of
3s
102% 102%
103%
103 V*
102%
103%
J-J
103% 103%
103%
104%
J-J
*103% 103 %
101%
105%
J-J
18
18%
11
16%
19%
J-J
18%
18%
1
163/4
20
1961
J-J
17%
18 %
20
16%
19%
18
21
19«1
1962
120
2-2300
Broadway,
1963
M-N
*16
J-D
*60
53
55
A-O
*60
50 Vi
59 Vi
1968
M-S
*16
1901
J-D
1961
A-O
1945
J-J
External
s
f 7s series B
1945
3-3'
s
f 7s series C
1945
J-J
*24
A External
s
f
1945
J-J
*24
f
1957
A-O
7s series D
A External
s
A External
sec
s
f 7s 2d series
1957
sec
s
f 7s 3rd series—1957
24
A-O
A External
A-O
series
AAntwerp (City) external 5s
1958
Argentine (National Government)—
S f external 4Vis
23%
23%
—
1948
I
f extl conv loan 4s Feb
1972
f extl
1972
A-O
loan 4Vis
1971
loan 4s Apr
(Commonw'lth)
External
5s
of
External g 4Via of 1928
23%
50
92
99%
82%
93
82%
93
100Vi 100%
100%/
99 Vi 100 %
M-S
97
*101
1953
J-J
*101
1953
J-D
1941
22-
A 78
(Central
3%s
Series
No.
Series
No.
61%
A-O
J-D
■A'
61%
63%
2
;__i
Series
3%s
Series
No.
No.
Series
No.
No.
1901
153/4
*16%
17%
18%
M-N
16 Vi
16%
15
153/4
18
i960
M-S
16%
16V4
2
i960
5s
10
M-N
1902
7s
A-O
M-S
153/4
16 Ye
7
1951
J-D
1961
Series
No.
8
3%s
Series
No.
9
10
;
A-O
IOOI/2
Oct
Jan
f
s
$
bonds
1946
Rica
(Rep of)
(Republic of)
7s
1951
5s of 1914
loan
4%s
external
debt
wks
1949
':i
100 %
102
101
102Vi
63%
56
50
64%
60%
61%
61
47%
63
60%
61%
62%
63%
57
■'
32
•'
-475/a
62 y4
49% '64%
Series
No.
Series
No.
11
Series
No.
Sereis
No.
13J"
3%s
Series
No.
14
3%s
Series
No.
15
3%s
Series
No.
16
3%s
Series
No.
17
3%s
Series
No.
18
3%s
Series
No.
19
3%s
Series
No.
20
3%s
Series
No.
21
3%s
Series
No.
22
3%s
8eries
No.
23
Series
No.
Series
No.
(Rep of) 8s
gold
series
Series
No.
1st
Series
No.
Series
No.
III"
IIIIIIII
HH
III
II"
IIIIIII
_H
~~
IIIII
IIIII
IIIII
I__I
29
Series
No.
583/4
60
57%
57%
69%
39%
511/4
41%
F-A
ser A.1951
A-O
1952
A-O
F-A
A-O
1940
1961
7s
J-D
1949
memmm
:
:a'A;
f 6s series A
s
>./:
101
84,5; 100
31
—
mt
— —
M-N
100
—.
105%
100
16%
A4Vis
A-O
(Prov) 4s readjusted
Irrigation—
1954
J-D
1943
12
17J/4
17%
18
16
92
U
75%
96
95%
993/4
,'IKM
V.
*99%
*16Vi
M-N
A Assented
AMexiCO
assented
to Nov. 5, 1942,
extl 5s of 1899 £
(US)
AAssentlng 5s of 1899
AAssented
to
Nov.
5,
1942,
AAssented
to
to
Nov.
5,
1942,
1942,
AAssented
Mlnas Geraes
to
Nov.
5,
1942,
agree
J-J:
—
1958
M-S
A Sec
external
s
f 6%s
1959
M-S
(City)
1959
South Wales
External
8
s
13%
97/a
*17Vi
—
*15
11
r''
'
'—mm
17%
14%
163/4
10%
M :£. "5
11%
9%
103A
-
5
143/4
—
58 J/4
14%
183/4
16 Vi
19
41
41
116
32
ll
30
page
648.
10
58%
58 3/i
M-N
58 3%
5
58%
103
89
100
1957
F-A
98 3/4
983/4
A-O
983/4
99
11
3
93 Vi
93
553/4
553/4
58%
30
55%
58%
58%
10
55%
SECURITIES
583/a
11
FOREIGN
58%
FIRM TRADING MARKETS
60
*57%
*573/4
'
r.ARL MARKS & r.O. INC.
*57%
58
58
*573/4
FOREIGN SECURITIES SPECIALISTS
*573/4
50 Broad St, New York 4, N. Y.
»573/4
58%
Telephone HAnover 2-0050
*573/4*573/4*573/4
56
56
41%
92
1958
5s—
*57%
58%
17
41%
*100
*57%
*57%
"
32
41
i
(State)—
f 5s
f
40%
! 57
58 3/i
16%
13
183/4
13Vi
For Financial Institutions
57
11%
17
'V
*103
1952
7s
series A
.;
113/8
(State)—
f 6%s
External
103/a
,
<
•
17%
11 Vi
9%
s
New
A11%
—
*141/8
.
external
A 6s
98%
'
'mtc
*17%
U%
A Sec
A Montevideo
.10.,."
— «<■
—•
1933
89%
I
'
"
*14
J-J
28%
'
i
agree
jATreasury 6s of 1913 assent
91Vir;i 91Vi
'
'
J-D
1945
19
■».,
163%
I.
11%
agree
5,
Nov.
:-;1-
agree
_1954
AAssentlng 4s of 1910
AAssented
—
.-V
Q-J
Q-J
1945
AAssentlng 4s of 1904
'l
•'
193/8
-
12%
18%
•27%. .30:
agree
1945
213/s
19
tmm
■
J-D
stamped
Mexican
38
101%
1
-.V:-A
Mendoza
__
90%
l'i57
6%s
..
30
40
18 5/8
1VA
1954
(Colombia)
-
98
-85
"<Zi-y. H v:
100
—
A-O
JV660
Jugoslavia (State Mtge Bk) 7s
AMedellin
92
100
—
^
1952
f 5s
84
86%
-.
105% 105%
1958
s
~6
100
*35%
—
1964
89 5/8
673/4
15
92
98
—
Government—
part paid
part paid
79%.
•
*98
J-J
1949
unstamped
78
75
893/4
71%
3
*983/8 101
100
1-
75
69
14
■>£
A-O
1967
.
85
99
A-O
\
59%
843/4
*97%
M-S
1969
112Vi
152
59 %
A-O
1969
108 Vi
1393/4
~7
147%
84%
78%
106'/a
1003/4
20
104%
83%
M-S
1940
103%
*75
84
A-O
1942
5%s
102
33
108
104%
■:*
*106%
J-J
76
21 -:V
103%
4
*75
1942
41Vi
80 Vi
57'%
>
29%
146
series
(Republic)
77
28%
J-D
series
(Republic of)
80%
593/4
*106%
102
41J/2
36
15
*106
J-D
1962
fund
£•34,;/-
58
*57%
HH
IIIIIII
28
3%s
58 3/4
56%
*57%
I"
_~_
——"III™
II
24
3%s
56%
29%
M-S
1955
*57%
;
27
3%s
2
10
*57%
26
3%s
583/4
59%
57%
14
34
*75
J-J
5%s
sink
80%
69 Vi
1
49JA
49%
1945
*577/a
.
25
No.
57%
68%
49
*58%-
12
3%s
Series
583/4
58%
57
38
175/a
27%
*577/a
3%s
3%s
59%
143/4
__
68%
1977
5 Vis
Irish Free State extl
a
163/4
16%
*68
68%
1953
French Republic 7s stamped
A6s
18 Vi
16
*57%
3%s
3%s
*28%
M-N
■
1949
Customs Admin 5%s 2d series
98
102
~
*58
—
l
3%s
see
88
33
16%
16%
M-N
Haiti
18
*58%
7
3%s
*
6
Series
footnotes
101
621/a
•
*58%
5
3%s
For
101
92
{r:
58%
58%
4
3%s
3%s
-
::'r
lOl'/a
58%
3%s Series No. 3
3%s
92
31
1944 (Plan B)—
1
3%s
63%
A-O
1952
Ry)
External $ bonds of
J-D
1951
1957
f 6Vis of 1927
&
97%"108
*102
s
101%
6
f 7s
(U 8 of) external 8s
s f 6 Vis of 1926
98%
26
s
AExtemal
87
42
f 6a
A External
233/a
97
s
IA Brazil
163/a
90
External
;
99%
23%
567/a
13
.
233/4
16%3
90
External
.
163/a
1
23%
82
25%
88%
M-N
1949
23%
23%
25
17
88 Vi
90
M-S
1950
Belgium external 6Vis
17
97
;
v
J-J
1957
25
99
M-N
5s of '25-1555
1927
25%
__
181/2
17%
1962
1953
25%
17
813/4
■
99%
F-A
8
17
25
23
813/4
M-N
S
^
24
23%
V
'
3-D
8
Australia
*16%
18 J/4
16
16%
78 3/i
7s
18%
18 3/8
17
*40%
A7s
*24
„
*40%
Greek
19
17
16
*16%
F-A
*65 Vi
A External
19%
19%
16%
18
16%
M-N
5Vis
F-A
17%
*16%
J-D
1961
63/48
J-D
1957
J-D
1-1693
1948
!
(King of Norway) 4s
AAntioqula (Dept) coll 7s A
conv
17%
1952
AEstonla
1947
Akershus
conv
173/4
M-N
-
1947
§A2d
(Colombia)—
sink fund 6s
19
16%
*40%
'
Municipal
1st
18
-
A-O
5Vis 2d
7s
17
1957
IA Dominican Rep Cust Ad 5%s
§Alst series 5%s of 1926
NY
19
17 '/4
17%
18
A-O
1963
ASinking fund 8s series B
IA Denmark 20-year extl 6s
New York
20
16%
3
18%
18%
18 Vi
18
A-O
'
A
17%
m-s
2
M-S
1961
1962
ACzechoslovakia
Teletype
20
17%
F-A
F-A
1947
A Public
York Stock Exchange
19%
1961
External gold 4Vis
Members New
193/4
16%
61
19
18%
18
17
19%
16%
ll
•'
18
37
18
I'¬
23
J-J
External
fund 6s
173/4
A-O
4Vis
AGtd sink
17
/
18 3/4
17%
'
18%
1961
External
AGtd
18%
1981
Sinking fund 5 Vis
/Telephone
1033/4
18
48 %
*36
1970
external
A Costa
Agricultural Mtge Bank
*102
ASinking fund 7s of 1926
ASinking fund 7s of 1927
Copenhagen (City) 5s
Wertheim & Co.
106 3/4
J-J
Sep
1927
134
Foreign Securities
110%
101%
Sep
-
1928
134
134
108% 113%
108%
(Republic of)—
1
30
62
15
Jan
(Hukuang Ry)
26
112 Vi 113%
112%
J-D
50
3
109% 109 %
AColombla Mtge Bank 6%s
1980
ft
88%
62
1961
assented
Chinese
Cuba
Govt,
84%
Feb
25-year gold 4%s
Foreign
83%
Jan
assented
134
City
Corporate Stock
REctor
86%
73%
Feb
assented
134
Transit Unification Issue—
3%
6s
f 6s
sinking fund 6s
134
Registered
New
fund
s
A Chilean Cons Munlc
A7s
el00.26el00.26
Q Jun
73%
101%
A-O
sinking fund 6s
134
Canal
40
64
86%
104%
1900
3/4S assented
Colombia
M
series
Panama
87%
823/4
A-O
AGuaranteed sink fund 6s
AGs
Home Owners' Loan Corp—
823A
95
•
4
1960
assented
A 6s
10112
'/
109%
M-N
AGuaranteed sink fund 6s
100.13
82%
72%
12
1942
ASinking fund
100.18
101.If
—
■
72
61%
84%
M-N
A6%s assented
100.19
100.9
7
101.14
90
4
82
W
82%
—.1642
AChile Mortgage Bank 6%s
105.18
*101.12
-
100.13
*105.16
100.13
J-D
J-D
100.5
100.16
1
100.18
*100.17
J-D
J-D
-
t 7s
s
assented
a 6s
101.26
101.28
External
assented
A 6s
104.8
101.26
104.28
*101.26
2
62
82
10
195#
sinking fund 6s
AExtemal
101.31
*104.26
90%
> 82%
90%
v
102% 102%
1958
assented
A 6s
yfe";
'
.
100%
104 % 104%
15
sinking fund 6s
AExtemal
101.31
95%
J-J
1953
assented
A St
— mm-
102.1
993/4
>
*■>' 98
J-J
15
8s
sinking
A«a
104.9
M-S
92
1948
15
assented
A Extl
100.13
J-D
(Rep)
Anv external
10711
100.15
ye;-. 5
M-N
Jan
A6s
107.3
102.5
*100.13
.
106.9
*102.3
*107.4
J-D
J-J
92
96%
1968
(City)
AExtemal
100.18
'
11
1967
^7s assented
100.8
3
A-O
Jan
AChlle
100.7
••
—
'
98%
*108% 101
A-O
1961
3s
100.6
100.7
'
v-
J-J
1960
Jan
ACarlsoad
1
1984
30-yr 4s
3s
103.22
*100.15
M-N
High
Low
98%
'
'
107.17
*103.27
+~
107.3
*107.15
__
J-D
J-J
(Dom of)
—
*106.16
F-A
1973
30-year
2 Vis
103.9
M-8
1978
1978
f 4%-43/4s
s
25-year 3%s
30-year 3s
3s
i
112.6
J-D
If-S
1977
external s t $ bonds
3%
111.11
*111.16
*111.25
__
.
F-A
1961
■External readj 4%-4%s
103.11/
106.18
_
1950
f 4%-43/is
s
External
January 1
No
96%
M-8
:■>
Range Since
Sold
'
^Province of)—
Refunding s f 4%-4Vis
112.13
*102.14
1958
;
stamped
External
111.11
111.20
111.6
112.11
1957
Sinking fund gold 6s
110.19
104.11
t 5s
8
Bonds
High
'
105.18
110.16
*106.16
J-D
M-S
1951-1955
,__1952-1954
1953-1953
—June 15 1948
2s
Treasury
104.21
112.8
M-S
Treasury
105.9
(City)
Sinking fund gold 5s
106.9
105
110.14
*104.9
—
Brisbane
/
104.18
Week's Range
or Friday's
Low
102.29
*104.30
J-D
2 Vis
2 Vis
Treasury
101.15
Last
•
Sale Price Bid ft Asked
Period
High
101.10
*111.4
Friday
Interest
New York Stock Exchange
111.23
*104.16
J-D
Treasury
Treasury
Treasury
Low
110.29
No.
-*110.12
__
of
11
AUGUST
BONDS
High
*101.8
i
ending
January 1
Sold
110.25
*110.23
J-D
J-D
M-S
J-D
M-S
M-S
M-S
J-D
1963-1968
June 1964-19G9
Dec. 1964-1969
1965-1970
1967-1972
1951-1953
1952-1953
2Vis
2Vis
Treasury
week
Range Since
Bonds
Friday's
Low
Government
Treasury 4148
Treasury
or
Sale Price Bid ft Asked
Period
for
Week's Range
Friday
BONDS
New York Stock
YEARLY
-
In the week In which they occur. No account is taken of such sales in computing the range for the year.
the month when the bonds mature.
range are shown In a footnote
in the column headed "Interest Period" indicate in each case
and when outside of the
WEEKLY
-
Cash and deferred delivery sales are disregarded In the week's range, unless they are the only transactions
defaulted bonds.
for Income and
interest"—except
"and
are
Monday, August 14, 1944
FINANCIAL CHRONICLE
Teletype N. Y. 1-971
98 3%
' 99
'
RECORD
NEW YORK BOND
RANGE
Last
Interest
Stock Exchange
or
Low
1963
19*70
1953
fund extl loan
4s sink
r;
_1965
1956
4V*a
fund
sinK
External
M-S
4%s
(Kingdom of)
Norway
Municipal Bank extl s 1 5s
Oslo
sink fund 4%s
(City)
(Kepi
APanania
exu
I ot> act
&
Low
High
New York, Lackawanna &
99%
98
99
99 %
3
97%
97%
96
98
96%
97%
96%
1
96%
17
94
Western
96%'
J-D
*87
"A-O
•:
'88
.
90
'?
90
Income Ss,
88
83
■
u.
*81
M-N
due 1993
"
—
*92%
M-N
-
11
AUGUST
January 1
99 %
F-A
1963
1994
ext to
3(48
mod
ENDING
Range Since
Sold
Vo.
High
A-O
,
A.^aoo
AStamped assented 5s
Stamp
Bonds
Friday's
Sale Price Bid & Asked
Period
■
WEEK
Week's Range
Friday
BONDS
New York
FOR
645
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4307
Volume 160
94%
PFLUGFELDER, BAMPT0N & RUST
97
88%
13
94%
94
94 %
87
95%
*92%
J-D
104%
105%
31%
41%
16%
25
1967
1947
MS
(Rep of) external 7s
ANat loan extl s f 6s 1st ser
1959
M-S
1960
J-D
18%
18%
55'
16%
1961
A-0
18%
18%
31
17
A-O
*27%
1958
A-O
*10
24
1947
A-O
*31%
60
1968
1950
1963
1961
1966
A-O
*22%
25
7s
of)
(State
APernambuco
APeru
A Nat
gold 6s
(Rep of)
f A Poland
A4V2s assented
AStabllizatlon loan s f 7s_
% s assented
A 4
A4
%
A
assented
s
7%s—1952
1947
(City of Greater)
APrague
(State) extl 6s
(City of) 8s
Queensland
A
8s
loan 7)48
External
ARio
(City of)
Alegre
APorto
gold 8s
sink fund
A External
Extl
6 V2S
sec
MS >
40%
18%
J-J
■'
v:' '
Stock
Exchange
774
/
-
F-A
40
39%
:
72
-
A-O
47%
47% 7
38%
39
A6%s extl secured s f
1946
1968
1960
1967
1964
1952
1957
39
39%
8s
1930
J-J
48
J-J
47%
1940
A-O
external sink fund gold
external loan of 1926
municipal
A7s
loan
fund 4s
(City of Brazil) 8s
Pe external sink
Paulo
ABao
(State)
Paulo
|ASan
A 8s
external
A 7s
extl
dollar loan
extl
A 6s
loan
water
5 A Secured
f
s
1st
44%
40
39
47%
29
7
48%
extl loan of 1921
A 6s
A 7s
'
7s
J-D
38%
M-N
:
J-D
;
-
39
11
34
42%
f
91
93%
Buffalo Gen
M-N
44%
44%
21
44%
35%
44%
M-N
39%
M -8
J-J
42%
2
30
40
65%
'65
48%
33
39%
39%
65%
49%
39
31
56%
68
6
8s
1940
A
sink fund 6s—
1960
1964
($ bonds of
3%s-4-4%a
J 979
1979
conversion
External
—1978
extl conv
3%-4%-4^
1978
..1984
1958
1958
4-4"4-4)48 extl readjustment
3%s extl readjustment
AWarsaw
(Cityj
external 7s
A4)46 assented
of
100%
20%
V?
*91
M-l*
Af-N
1
89
;
91
California
91
r
777'
65%
12
73%
73
.
•:7-7
*93%
__
F-A
77
22%
2
18%
18%
v
r
21
gtd
;i'
".v.
'■
'•
82%
82%
Power
88%
88%
3%s
a-o
1968
a-o
22%
20%
100
119% 119%
1
86%
23
m-S
*103 Va
1947
J-D
*103%
1946
F-A
1967
1972
,—1948
a-o
*90
1948
A-O
*98%
3)4s—1946
3%s registered
m/i<*
Allegheny Corp 3%s sec conv
_1954
Alleghany & West 1st gtd 4s
1998
A-O
coll tr gold 4s
Adams Express
Coll trust 4s of 1907
10-year deb 4%s stamped
Great Southern 3%s
Alabama
1st
Power
Alabama
mtge
3)4s
Albany Perfor Wrap Pap 6s
6s with warrants assented
Albany & Susquehanna RR
84%
86%
deb stk perpetual
16
116
116% 116%
6
116
118
21
116%
119
11
115%
117%
f-a
i960
109
109
debentures
conv
8
1978
debentures
Atchison Topeka &
of
L
&
coll
N
103%
106%
107%
109%
•r
89%
98
89%
mortgage
Atlantic Refining
deb 38
A 1st
?
99
A-O
...
Af-N
X
.
106%:
r-
8
103%
106
86
86%
95
92%
105%
105
1:7;
10
.
103
•
A General
:1 105%
4s
•
J-D
109%
121%
120% 122
A-O
105
108
28
109% 109%
M-S
107%
49
109% 109%
'
104% 105
124
Af-S
,
•104
F-A
105%
J-J
::
A-O
;
105
105%
106%
112%
115%
*110
J-J
118%
47
*112% 114
124% 124%
106%
112
4
106%
113
109%
M-S
:
111
—
7):.;
■
■'
'~~;7'7.:77
J-J
:
7
J-J
m-S
7
mm-—''-
■
/
t
July 1948
gold 4s
Stamped modified bonds—
1st mtge
gold (int at 4% -to
Oct 1 1946) due
July 1948
A (int at 1% to
Dec 1 1946)
due
1995
Ref & gen ser C (int at 1 %%
to Dec 1 1946) due
1995
89
96
180
& 105 &
12
40%
34%
105
41
•
■;7
41
V'
69
89%
.
3%s
86%
1st
Division
D (int at 1% to
Sep 1 1946) due
2000
Ref & gen ser F (int at \% to
Sep 1 1946) due
—1990
A Conv due
Feb 11960
Va System—
gold 4s extended to
1951
Div 1st M (int at 3 %%
Pgh L E & W
Ref
S'west
to
Jan
Si Aroostook
Bangor
Con
4s
1950
1959
due
ref 4s A
1 1947)
Toledo Cin Div
RR—
—
iyt)i
stamped—
Extension 1st 3%s
1951
of Pa 5s series C—1960
Beneficial Indus Loan 2%s
*9^9
Beech Creek
Bell Telephone
2%s
1956
1952
debentures..—
Beth Steel 3%s conv
debs
3'As series F
Consol mtge 3s series G
Consol mtge 3%s series H
1959
1960
Consol mtge
F"r
footnotes
see
page
—1965
71
28
37%
27%
27%
V> ."
'
7
90%
88%
90%
J
a-o
48%
70%.. 92
J-D
J-D
52%
59%
51%
58
53
59%
73%
w
'
143
46%
109%
100
39
887/af. ♦••>.,•86 V2
MM
106
108%
88
102%
v'!, 1
132%
138%
15
106%
109%
107% 107%
5
106%
103% 103%
1
103%
103%
.**—
121%
125%
120
121%
:
:
106% 107
__
'
MM
'
a-o
MM
26%
26
26%
105j|
10514
105}$
106:
106 3aa 106 332
23
100%
106%
103
1949
106 ii
105%
1958
5s
series
MS
110
110
110%
29
98
110%
1977
F-A
108
107% 108%
527
84%
108%
35
92%
108%
mtge
inc
1971
A...
F-A
107%
107% 108%
53
m-n
38
48%
63"%
125%
52%
J-J
(conv)
128%
45
76%
88%
65%
*127
'*
J-J
82
80%
j-j
55%
55
82%
55%
33
47
j-j
75
74%
75
7
50
83%
20
47%
78%
45
74
10%
14%
J-J
71
71
71
j-J
65%
65%
65%
5
m-n
12%
11%
151
13
12%
~13%
100
100%
82
82%
'
j-j
j-j
13%:
100%
j-j
gold 3%s series B—May 1 1989
4%s series C
May 11989
j-j
78%
78%
86%
85%
59
59%
59%
series
E
May 1 1989
j-j
86%
86
86%
4%s
scries
F
May 1 1989
j-j
88
86%
88
-1975
f-a
58 Vs
56%
Jan 1 2000
a-o
14%
13%
82%
28
M-S
52%
52%
50%
52%
157
51
52%
140
41%
F-A
39%
38%
39%
333
31%
87
77
74%
86
15
69 Va
82%
149
76%
89%
86
76%
89%
50
77%
90%
58%
662
45%
64%
14%
991
11%
106%
-67%
188
101%
84 Va
83%
84%
144
64
955
63%
tChicago & North Western Ry—
44%
m-n
AMtge gold 5s series A
AConv adjustment 5s
84%
1st & gen
70%
70 Va
71
J-J
81%
79%
81%
J-J
85
100
37
57
85
Des
76
56%
85
87%
4
74
90
86%
87%
5
73%
89
!;
mtge 4s ser A.——.1989
mtge
conv
Plaines
A-O
A-O
129% 129%
5
102
128
129%
100%
101
J-D
100% 101
13
A-O
100% 101
14
A-O
103 ii
7
103%
106%
J-J
106% 106%
1
105%
107
101%
104
104%
106%
104
F-A
103
103%
20
F-A
105% 105%
1
100
101%
J-J
Valley
A
Certificates
of
f-a
gold 4%s
guaranteed 5s
deposit
__
—
1934
1952
1960
1951
71 Va
106
65
.
68
%'
64
107
.71%
81
61%
15
72.— 72%
75%
68%
69
68
75
a-o
42%
40%
43 Va
600
36%
46%
M-S
48 Va
45%
48%
242
39%
9%
193
8%
M-N
.
8%
9%
*95
J-D
*83
14
90%
96%
84
-
11%
(15
J-D
J-D
84
84
64%
85
1960
J-D
91%
91%
1
72%
92%
73
75
2
59%
78%
59
77
Dec 11960
m-S
73
#
'mm
77%
■" *-^"
."r
51%
100
1951
12
—
.
*•••
r»-
*• T>
77%
*104 -105%
*103%
648-_
'
17%.
107
1951
Memphis Div 1st gold 4s
Chic T H & Southeastern 1st 5s
A Certificates of
67
MMM
Chicago St L & New Orleans 5s
Gold
3%s
Income
J-J
deposit
gold 4s
S A Secured 4%s series A
AConv
106%
J-J
tChicago Rock Island & Pacific Ry—
AGeneral 4s
..1988
§ ARefunding
98%
J-J
income 4%s
1999
Div 4s
..1969
Sioux City & Pacific Div 4s_—1969
tlAChicago Railways 1st 5s stpd
2545, part paid
*-1927
2nd
J-J
J-J
'
10%
14%
'-101
'
1G
86%
4%s
*
79
j-j
•:
-
tChic Milw St Paul Si Pac RR—
M-S
106i?
103
1949
AGen
64%
41
30%
102
5
J-J
109
21%
281
j-j
1949
4s
85%
100
9
138% 138%
m-n
f-a
97
;■ 74
72%
■
M'M
-,.f,
101% 102%
M-s
*
-197
89
*83%
....
AGen
AGen
41%
30%
104%
*107% 109%
tChicago Milwaukee & St Paul—
AGen 4s series A
May 11989
94%
226
35%
26
5
105% 106
105%
*
F-a
m-n
1997
Chicago Si Erie 1st gold 5s
1982
Chicago Gt West 1st 4s series A
1988
A Gen inc mtge 4%s
—2038
{Chicago Ind & Louisville Ry—
ARefunding 6s ser A
1947
ARefunding gold 5s series B—1947
ARefunding 4s series C
1947
A 1st & gen 5s series A
1966
A 1st & gen 6s series B——May 1966
Chicago Ind & Sou 5C-year 4s
1950
39%
129
,
*104% 104%
AGen
a-o
J-J
ref 4s—
29%
26%
1949
4s
ref
&
A Gen
105%
201
89
39%
28%
Chicago & Eastern 111 RR—
83%
104%
33%
30
J-J
gold 4s
1st & ref 4%s series B
104%
104%
142
28%
..1960
registered
93%
83%
31%
'
registered
Illinois
105/Jj 105^
;37...
MM
30
30
r
*122
"
112
111%
•
92%
30%
F-a
cons
34%
-
91%
92
j-j
107%
5
Ill
i
*124
4s
3
35%
105
*_.
A-O
j-j
1954
Illinois division 3%s
108 %
90%
87
88%
104%
87 Va
Ref & gen ser
Ref & gen ser
23
52
30
j-j
r
A-O
3
51
30
j-j
General
& Ohio RRr—
mtge
56
1989
2d consol gold 4s
1989
tACLicago & Alton RR ref 3s
1949
Chicago Burlington & Quincy RR—
-*■—
105
.
16%
50
j-j
113
104%
104
.
104%
110%
106%
—
103 Va 104%
88
M-N
11%
13
1946
111%
110%
'7.7 '
107%
*107
103%
J-D
~
109%
—
*111%
J-D
45
52
A-O
Potts Creek Br 1st 4s
1st
16%
11
12
M-s
R & A Div
124%
11
112
•111
M-N
--50%
11
12
1992
1996
1996
1
J-D
91%
37%
11%
30
1962
Chesapeake Si Ohio Ry—
General gold 4%s
Ref & impt mtge 3%s D
Ref & impt M 3%s series E
107
5
113 Va 114
J-D
79%
62
'■
11
12
,11%
j-d
ref gtd gold 4s_1949
1st
103%
-68%
53
11
84
46 Va
J-J
§ACentral RR & Banking 5s stmp.1942
Certain-teed Prod 5%s A
1948
104
56
24
105% 105%
113%
102 Va
__
105% 105%
7
a-o
1987
Pacific
106
101%
8
1987
Power 3%s
Through Short L 1st gtd 4s
Guaranteed gold 5s
7
,
♦
.
N Y
Central
110%
115%
260
4s
registered
Central
110
,1103 % 105
777 744
107
114%
1
112
1127.7 7
70
63 7
7; 17. 7
68 Ve
68%'
92
2'
7.. 76%
917
91%
M-N
82%
46% ;7 :45
a-o
1959
V
81
67
93%
93%
5%S series B——„1959
gen
gold 4s„1951
AMobile Div 1st gold 5s
1946
Central Illinois Light 3%s
1960
t A Cent New Eng 1st gtd 4s
1961
tACentral of N J gen gold 5s
1987
5s registered
1987
101.
103% 103%
.
__
Af-S
10
69
103%
13
66
66
66
M-n
,
1st
110%
107%
..,52
28
105%,;.
103% 103%
105
f-a
AChatt Div pur money
102%
103%
.7. 44
80%
79%
>
r.
'■
&
ARef & gen 5s series C
100 ; i
101
i
105% 106
106
A-O
Nov
1945
1945
mtge 5s
A Ref
B
Baltimore
'
5
•'•'
'
5 A Consol gold 5s
»■:
100%
*102%
.
A-n
J-D
1948
—1948
1953
1st 4s
4s
„
.
*'
111% 111%
gold 4s
1, 1944)—
Atlantic & Danville Ry
Second
—
112
4s——July 1952
A-ii.
1964
Oct 1952
109
104%
2
'
■
64%
*
(Nov
Called
103 V»
j-d
108
109 %
—1960
1910—_ii
1st cons
j-j
1948
*
M-N
1905
unified 4%s
1955
*106
104
Nov
1st 4s
1958
Atl Knox & Nor 1st gold 5ftL—-1946
Atlanta
& Charlotte Air ; Line -Ry—
1st mortgage 3%s
1963
General
105%
Corp 3%s debs
J-J
AO
Trans-Con Short L
Atlantic Coast
j-j
Celanese
86%
M-N
—
1995
___1995
1955
Adjustment gold 4s
4s
Conv gold 4s of 1909
gold 4s of
1962
64%
tCeDtral of Georgia Ry—
103
—
—1995
Stamped
Conv 4s
107 7/a
f-a
111
120
68%
Santa Fe—
General 4s
Conv
109%
1981
105%
98
112%
109
*105
Celotex Corp 3%s debs.
ACent Branch U P 1st gold 4s
Q-J
income
*109
m-n
1st gtd gold 4s
97
100 %
M-s
104 %
Jan
7s
111%
50
J-J
104%
A
Anglo-Chilean Nitrate deb—1967
Arbor 1st gold 4S
1995
Bdge Si Term 5s 1964
Armour & Co (Del) 4s B
1955
1st sink fund 4s series C (Del)_1957
114%
109
95%
95
1950
4s
5s w w
103%
Ann
Ark & Memphis Ry
111%
8
/.
1965
Ohio
'
109%
debentures
3s
2
109
104'A 104%
'. V
mm
118%
84%
95
m-s
...
1949
Clinch &
& Gen Corp
109%
116% 116%
j-d
103%
A-O
debentures
3 %8
118 V8
116%
j-d
112% 112%
100%
1961
1966
1956
Amer Tobacco Co deb 3s—
1962
Am Wat Wks & Elec 6s series A—1975
3%s
108%
116%
13
115% 115%
104
F-A
Corp 4V2s debs.
Stores
95%
j-j
1955
4%s
107%
116% 117%
117% 117%
trust
101%
4
117%
f-a
Can Pac Ry 4%
104%
7
69
108% 108%
107 Va 108
j-j
1970
104
1951
Am & Foreign Pow deb 5s
2030
Amer I G Chem conv 5 Vis
..1949
American Telephone & Telegraph Co.—
Allied
93
107 Va
a-o
Cart & Adir
J-D
86
104 »/a
104
"•
j-j"
Carriers
j-D
85%
29
a-o
Carolina
1953
1953
1948
69
.
89
1951
gold
gold
Guaranteed
Companies
AStamped
98%
16
.
84%
a-o
.—1956
Guaranteed
'• "v:"-''''''?'(.%■
JAbitibi Power & Paper—
§A5s series A plain—
89%
5
j-j
1960
-
tiACarolina Central 1st gtd 4s
.
28
"3
27
98%
97%
1955
5s
Elec
Collateral
Railroad and Industrial
21%
26%
4%s
^
10
7
63%
44%
39
59
26%-
4%s
-
62
10
,.
79
59
-
112%
109%
103
57%
Canadian Northern Ry deb 6%s___1946
66%
1
75%
75%
107
110
109
—
*21%
Guaranteed gold 5s
Guaranteed gold 4%s
.
*65 Va
f-a
74
'^67 v
60
74
101% 102
*109 %
a"-o
,
*71 Va
*72
76%
60
-
M-N
J-J
5
Canada
J-D
f-a:
4
j-d
California-Oregon Power 4s
1966
Southern cons gtd 5s A
1962
Canadian National gold 4%s
1957
Guaranteed gold 5s
Oct 1969
>88
M-N
103%
103% 103%
111 Va 111%
102%
100%
91
^
91
91
91
94%
f-a
59
104 %
112%
10
21 Va
91
6
100% 100%
F-A
7
2
10214
108
18
111%
M-N
a-o
58%
110
'
102 il 102%
deposit
Bush Term Bldgs 5s
17%
1937) —
readjustment
External
20%
F-A
-'
vl5
63%
■
41%
—
*111
101%
62%
108%
25
10
5
•'
f.
J-D
m-n
-
Certificates
Consolidated
18%
12
11
.
23
23
11%
13
•
16%
*15
J-D
"
15%
15%
M-N
1955
(City t 8 f 5)4s
AUruguay (Republic) extl
A External sink fund 6s
A External
M-N
J-D
.
94
24
.
1C9 % 109%
M-N
—1952
§ A 1st & coll 5s
Bush Terminal 1st 4s_
(Kingdom)—
A 8s secured external
1962
A 7s series B sec extl1962
ASlIesia (Prov of) extl 7s
1958
A4)48 assented
1958
50
v
99%
83%
-
50
59
v
*100%
M-N
1934
to May 1,
3%
109 %
f-a
at ?
1957
modified
(interest
1947) due
Stamped
58
49%
1
105
JBurlington Cedar Rap & Nor—
Beros Croats & Slovenes
Sydney
Elec 4%s B
Niag Elec 3%s series C
Buffalo Rochester & Pgh Ry—
39%
38%
45
*42%
30
3
•u
\
101%
96%
24
...
1967
Buffalo
7
50
93'
~1
96%
1950
1st lien & ref 5s series B
42%
81%
92 Va
1957
1981
gold 5s
Debenture
34
~l
•'7
91
58%
High
tii/W
.
101
92
f-a
Range Since
January 1
Sold
AO.
103
"
96%
M-N
lif-N
tonds
High
**105
.
93
1947
6s series A
v*101
,
J-J
4s series RR
lien & ref
1st
7
*41%
MS
mtge
M-N
gold 4%s series JJ
r
42%
42
42%
%
.
26
series II
5s
1st
50%
30
48
1950
1956
1968
A 8s
A-O
M
1st
(State of)—
Rio Grande do Sul
Santa
1961
1960
Alnc mtge 4%s ser A
July 1970
JABoston & N Y Air L 1st 4s
1955
Bklyn Edison cons M 3%s
1966
Bklyn Union El 1st gold 5s
1950
Bklyn Union Gas 1st cons gold 5S.1945
43%
35
f
:
M-S
44%
100% 103
1
77
-1967
1955
Boston & Maine 1st 5s A C.-
26%
-
Low
»
34 .7
,•
44% ■7" V
i 44%
'
Sale Price Bid & Asked
31
12
% 50
Last
Interest
Exchange
Period
36 ;ii
l\
vv
102% 102%
102%
T:~
14
v'
"6
*50
F-A
A-O
26
New York Stock
Week's Range
or Friday's
Friday
BONDS
26%
32
7)
24%
Bell Teletype—NY 1-310
Telephone—DIgby 4-4933
——
12%
44
New York 6
Broadway
61
28
■
*43%
M-N
•
11%
■'
77/: 7
31
44
44
?
:
5
;'7 v7_:;
*12%
J-D
■4
20
30
J-J
11
41%
20
41%
J-J
1940
1953
Janeiro
ae
'104%
New
York
24%
1940
Members
24%
Loan extl 8 f 6s 2d ser
series B_.
Ext sec ref 3%s
-
#.
"
■>
■
VWMtosWWW-wwiW tr^wjwputr^i'",
CHRONICLE
THE COMMERCIAL & FINANCIAL
646
Monday, August 14, 1944
NEW YORK BOND RECORD
RANGE
Last
Interest
Stock Exchange
Period
11
or
Sold
Low
Period
January 1
No.
HUlh
Friday
J-J
A-O
General
E
Div 1st 4s
St L Div 1st coll tr gold 4s
Cleveland Elec Ilium 3s
Cleveland & Pittsburgh RR—
Series C 3'/as gtd
Series D 3'/2S gtd
General 4'/2 s series A
Gen & ref 4'/2s series B__
Cin Wab & M
Cleve
1st
1st
'
gtd 4s—
5s inc mtge
Colorado & Southern Ry.—
4%s (stamped modified)
Columbia G & E deb 5s
May
Coal River Ry 1st
Colo Fuel & Iron
82%
68%
1
A-O
4s—
A Debenture
!
Power Co—
aeries B
A 6s
1
A
Deposit
1st gold 5s
;
101%
92'A
75%
75
76%
13
58
79
75
77
35
60%
83
49
67 %
90
110
113'%
113%
J-J
1955
li-N
80%
1968
F-A
63%
1950
J-D
,
141
136% 143
32
106
106
13
105%
111
J-J
113%
113% 113%
12
109'A
J-J
74%
74%
74%
80
79
80
1951
J-J
1951
F-A
1st & ref 4%s series C
1963
3'D
69%
114%
107%
111
Ind 111
13
101%
103%
y-s
J-J
1st
1963
...
gold 4s
1950
103% 103%
25
102%
105%
A-O
102% 102%
7
102%
108
lAInter-Great Not 1st
J-J
106
106%
11
106
109%
A
103%
105%
Alst
•
1
45%
51 >:
21
45 Va
59
48%
5
46%
58
*107
m-n
M-N
*105%
109%
106
109%
M-N
*108%
.1969
M-n
112
109'%
108%
July 1952
B
15
■
♦110% 111
„
111
.1950
A-O
101% 101%
2
101%
J-D
102% 102%
6
95%
J-D
Il952
61%
153
16%
24%
13
43%
153
21%
51%
22%
52'A
57 %
126
J-J
56
66%
6
66'/a
63%
66%
103% 104
103%
M-3
103
105'/a
108'/a
17
104
97%
102
100%
104
*101%
F-A
105
"l
107% 108
M-N
57%
43%
♦50%
A-O
104
J-J
89%
89
89%
31
74%
95%
92%
92
77%
96%
1955-
F-A
M-a
J-J
Il946
62
V.'V/ V/
^ '•
92%
139
4%
4%
1
78%
79%
22
58%
83%
18
95%
103%
98%
100%
5%
3
.rV''
-
52'A
17
46
46
17
38%
54%
James Frankl 81 Clear 1st 4s
1959
J-D
|;6
53%
73'%
Jones
1961
41
58%
J-J
73
-
73
60
61'/a
46
61%
~1
61%
46%
/ 9
39
:fi
40 no
Steel 3%s_.
53
46'
& Laughlin
..1946 "i
J-D
:
.46
__
IIl953
V
A-O
If
101
100
2
100% 101
J-J
-
Kanawha A Mich 1st gtd gold 4S..1990
JKansas City Fort. Scott & Mem Ry—
{• 5 A Refunding
gtd 4s
.1936
52
i.101%
*103%
Jf-N
96%
97
A-O
105%
—
1936
79%
52%
54
75
45
10
46
56%
86
84%;
a"-o
84%
85'/a
40
69'A
86%
84%
85'/a
27
72%
89%
105% 105%
22
105%
109%
114%
119
84%
105%
...1987
J-J
.1961
J-J
1st 4s.
1961
4%
4
6%
1978
A-O
48'/a
47%
48%
141
1965
Gen & ref mtge 3'/2s series G—1966
Gen & ref 3s series H—
1970
Detroit & Mackinac 1st lien gold 4s 1995
A Second gold 4s
1995
Detroit Term & Tunnel 4'/aS
1961
Dow Chemical deb 2'As—*
1950
Dul Miss & Iron Range Ry 3Vis—1962
tSADul Sou Shore & Atl gold 5s-—1937
A-O
109
109%
19
*—
110%
1961
M-a
50
1950
M-a
Plalnes Valley Ry—
1959
M-a
1943
A-O
ref
&
6%s
*168
98
—
*94%
J-J
■Z 1st
91%
•98%
J-J
1954
Koppers Co 1st mtge 3%s._
8
31
1954
Laclede
21
4%
51%
68
*100
A-O
JAKreuger A Toll 5s ctfs
5'-v
4'A
68
J-J
1997
Kresge Foundation 3% notes
4%
4%
>y
J-J
....1961
unguaranteed
Kings County El L & P 6s
Kings Co Lighting- 1st 5s
♦118%
J-J
..1961
.i
4'/as
i
40%
72%
71%
Stamped
F-A
F-A
10
J-J
55%
54%
83
deposit.
Kentucky Central gold 4sj
Kentucky & Ind;Term 4%s—
99%
88
82%
J-J
106%
54'%
54
J-J
100% 100%
83
1960
Plain
J-J
100%
A-O
Kansas City. Term
108
103%
105%
106
97
106'A
*106
of
A-O
Kansas City Southern Ry 1st 3s
1950
Ref & impt 5s
Apr 1950
103%
18
106% 106'/a
106%
J-D
102% 103
K
*61%
—
79%
102 %
68%
46
J-D
«■» «■»
Mai,
-
—
B
106%
47%
56%
J-J
45
:
*57%
Western RR—
1955
ARef & impt 5s series
111
104%
106 %
54%
22%
51%
J-J
74
110%
*111
*106
78%
104 %
72%
44
68
56%
A-O
52
45
•
52%
98%
4
104'A
*63
1951
tAIowa Cent Ry 1st & ref 4s
103'%
.1942
5s
134
97%
57%
103%
.1955
Debentures
66
104 Va
A-O
1956
..
146
64%
66
104%
J-J
...1956
•Ref sink fund 6s series A
1955
Int Rys Cent Amer 1st 5s B
1972
1st lien & ref '6%s
Z
...1947
Int Telep & Teleg deb gold 4%s
1952
111
107%
„
A
J-D
J-J
'
__
109% 110
series
series
Internat Hydro El"deb 6s.;
...1944
Internat Paper 5s series A & B
1947
109%
109%
108%
5s
6s
6s series A.1952
Alst gold 5s series C
59%
48%
Jf-N
48
49
J-J
48
Adjustment
69%
99
78%
97%'
68
82%
99
96
78%
67%
*95
r-
76%
65
5
'
113Va
& Iowa
59%
v
103% 103%
49
16
J-J
J-J
tAInd & Louisville 1st gtd 4s
1956
Indianapolis Union Ry 3%s ser B.1986
Inland Steel 1st mtge 3s series F..1961
J-J
3
92%
91
72
10
71%
1951
108
~
90%
1951
Western Lines 1st gold 4s
111 Cent and Chic St L & N O—
Joint 1st ref 5s series A
V
100%
97
•79%
71%
71%
69
100%
98
90%
'V.
175'/a
107'/a
•
__
94%
172%
..
....
*108 %>
108%
110 VB
109
*109'/a
__
-
''
107% 107%
~4
104'A 104'A
107%
106'A
4
102'A
105%
4%
1
3'A
5'A
4%
—
108
Ry.
4s series P
M-S
J-D
*48'/a
111%
109'A
111'A
104%
29
106'A 106%
106%
J-D
109
106%
41
50%
'
-i;
54
Gas
Light extd 5s
100%
99
*99% 100'A
100'A
1st M 3%s—-—-1965
Ed El 111
2'As debs
El Paso & S W
Railroad
Erie
1st
102
103
5
106%
108%
40
44
52
44
J-J
U-N
J-J
114
102'A
A-O
97
'
•'
Firestone Tire & Rub 3s
deb—
1961
J
Flintkote Co 3s debs
1958
t AFlorida Cent & Peninsular 5s
Alst &
ref 5s series A—
ACertlficates
of
J- J
•'
*105%
103%
99%
99'/a
7
93%
ref
5%s series D
1960
F-A
99%
99%
99%
21
98%
100'A
1997
J-D
103% 103 Va
75
93%
103%
1997
J-D
100
5
89%
100
i 4%s A
1075
1954
J-J
1954
J-J
3
y
150V8
82%
>80
-
Alst
mtge income reg
101%
106%
279
64%
84%
106 V8
105%
—
—
"
38
102
104 Va
10
102
103%
130'/a
117
99%
11
98%
43
44%
99'A
44%
83
42%
131
Lehigh
43%
4
42
56%
J-D
103% 103%
25
103
103%
1956
M-N
101% 101'A
1
101%
tAGeorgia & Ala Ry 5s
Oct 1 1945
Goodrich (B F) 1st 4'As
Grays Point Term 1st gtd 5s
Great Northern 4'As series A
1955
J-D
1947
J-D
.—1961
J-J
1952
J-J
1973
J-J
General 4 %s series D
General
General
Gen
Gen
,
101%
105
,
28%
29
27
22%
32
65'/a
68%
13
48
68%
106
104%
F-A
70
8(f
*79%
—
65
4%s ext
61%
61
62'A
48
J-J
69'A
67 %
70
27
64%
modified
Jf-N
36%
35%
36%
34
34%
Jf-N
40
39%
40
1951
debenture
—1962
1950
1949
...1949
.1949
Long Dock Co 3%s ext to
Long Island unified-4s
Guaranteed ref gold 4s
4s
stamped
Elec
Louisville
1st
5s series
Jeff Bridge Co
&
&
.
46%
37%
37%
47'A
16
69'/a
5
U 104 3'2
120%
5
120
122 %
'108
104
106
105'/8
106% 106%
6
104
106%
106%
106
106'/a
16
104
106'/a
118%
120%
102
104
106%
118% 119
2
104
103% 104
23
102%
102% 103
25
119
M-S
*105% 107
105
gtd 4s__
1945
Jf-S
*101
101%
102%
2003
A-O
106%
108
2003
A-O
series B_
5s
4%s
3
107% 107%
18
106% 106%
A-O
119
119
119 Va
27
111%
119%
Unif
1950
J-J
123
123
124
28
105%
124%
Unif mtge
1960
J-J
100
118
Paducah & Mem Div 4s
1946
F-A
103 V8
103 >/4
St Louis Div
1980
1945
1952
Jf-S
*98'/a 100
J-J
1055
Jf-N
1967
J-J
104%
102%
106%
Mob
37
101%
103'A
South
104% 105%
133
105%
Atl
91
series C_
series
D
mtge 3'/2 s series A ext
87
■
&
4s series B ext
2d gold 3s_
Montg 1st
Ry joint
Knox
103
1966
A-O
102'4
93%
3%s_
2003
102
106
•103%
106%
2003
J-J
78
100
ref
J-J
57
127%
~2
ref 4s
1946
42%
64%
123 '/a
&
1946
44%
100%
M-a
J-J
35%
44%
A-O
A—1969
48%
120
M-N
F-A
43%
37
10011
F-A
A-O
34
-126
A-O
M-a
8
98
110
Nashville RR—
ref
&
A-O
1963
1st
Lou
1951
(P) Co deb 5s
debentures
j
47.%
A-O
M-8
33
1
&
mtge 4s series G
80 Va
136
68%
_
Jf-N
>
1st & ref 3%s series E_„
110%
81
•69%
F-A
56
1st
98%
:
'
~8
79%" 81
81
1st
52
83%
94'A
107'/a
110'A 110%
104% 105'A
648.
80 3,a
65'A
94
101 %
110%
105'4
page
94%
71
*83%
111%
J-,
see
5s
84%
*83%
105%
1977
33As series 1
1974
.1974
1954
1950
~3
86
"
F-A
101%
34
footnotes
1964
28
117% 117%
104
99%
95
—
80
26
117%
mtge
*93%
106%
J-J
H___
F-A
100%
.,
107
*102%
1976
series
103 Va
*99% 1Q0
106
—»
106
4'/2s series E
mtge 4s
For
Z
106
6
104% 104%
—
68%
J -J
,
—
29
1934
General 5'As series B
Y
Louisville Gas &
J-J
tSAGa Caro & Nor 1st ext 6s
General 5s series C
N
Louisiana & Ark
J-J
*103
'
3s
J-D
104%
A-O
...2003
4s registered
2003
4%s stamped modified
2003
4%s registered
2003
5s stamped modified
2003
Lehigh Valley Terminal Ry ext 5s_1951
Lex & Eastern 1st 50-yr 5s gtd.___1965
Liggett Si Myers Tobacco 7s
1944
stamped
LorlJlard
Gas & Elec of Berg Co cons 5s_—1949
Gen Steel Castings 5%s
jpap
97
M-S
1964
Little Miami gen. 4s series A
59%
104%
10
49%
Valley RR—
4s
5s
100
1956
97%
Valley
97 Va
104 'A
49'/a
1954
!
Lehigh
49%
3
104
1965
stamped.^
''5s
67
19
104'/a 104%
49%
104%
1945
1st & ref sink fund 5s__!
-
Dec
..1954
stamped
Leh Val Harbor Term gtd
102
*—
'•
100
-
stamped
5s
.
106
103%
5s
97%
__
103
■
s
1st & ref sink fund 5s__
100%
103
__
-
gold 3%s
registered.^
1st & ref sink fund 5s._.
106%
43
Af-S
114
22
83%
103'/a 104
-
Food Machinery Corp 3s debs
Francisco Sugar coll trust 6s
99%
&
Lehigh Valley Coal Co—
103%
99%
106% 106%
81%
J-D
—1974
deposit
v-
'
Jf-N
1943
97
-
*106
M-S
1959
JFloriaa East Coast 1st 4'/aS
F-A
Lehigh & New Eng RR 4s A
Lehigh & N Y 1st gtd gold 4s
107'/a
—
Jf-N
Jf-N
15"
97
97
83%
1971
*
148%
96%
106%
mtge 3'As
1953
Series
Lautaro Nitrate Co Ltd—
46%
106
*102%
J-J
1st
C
3%s
111
101%
26
*106%
■
J-J
Div
110
3
102% 102'A
97
A-O
Co—
114
"*148
J-D
J-J
105%
105% 105%
—1995
Ohio
5%s
Lehigh Coal & Nav
1965
—1962
M 4s series B—;
24%
107
61
107% 108%
107%
inc 4%s series A—-2015
& Erie RR extl 1st 4s
1947
cons
N Y
8
108
J-J
ref
Lake Sh & Mich Sou
108
A-O
AGen mtge
34
107%
102 Va 102%
—1965
1st 5s
stamped
5s
98'%
5
A-O
Jf-S
Empire Gas & Fuel 3'/2S
33
M-S
1970
Elgin Joliet & East Ry 3ViS
28
107'A 107'A
1995
1950
1st cons gold 5s
(NY)
*25
Jf-N
1956
Ry Minn Nor Div 1st 4s
East Tenn Va & Ga Div 1st 5s
Elec Auto-Lite
J-D
&
Coll
•
1948
East
Coll
Cons sink fund 4%s series C
Duquesne Light
"
48% -71%
180
90'A
F-A
117
■
64%
*92 Va
J-J
*__
V9-;,V
81
63
; *
*113
J-J
80 Va
*101
8t. Louis Div & Term
gold 3s
v Gold
3%s
114%
104% 105
77%
75'/a
Springfield Div 1st gold 3%s
May
105
'
.
U-JV
40-year 4%s
>
J-D
—
Edison
1953
•
105
J-D
84%
75%
103%
u._
84%
60'/s
Il952
109
'
62%
76%
74%
108%
A-O
70
13
36
75%
Litchfield Div 1st gold 3s
1951
Louisville Div & Term gold 3% 8.1953
Omaha Div 1st gold 3s_
1951
J-J
97
64
77
106%
.
97%
96%
81
A-O
103%
—
97%
...
U-N
15
F-A
103%
102
1955
105%
J-J
101%
1952
105
106
34%
J
105%
—
V
100
—
♦70
Refunding 5s__._
110
27
..
*98 Va
*97
Jf-S
J-J
1936
See Chic & N'western
J-J
A-O
Cairo Bridge gold 4s
.1966
1
*100%
1951
64%
113%
102%
1.1951
3%s_'
106'A
96
/ 83> ••
A-O
72%
55%
157
Purchased lines 3%s
Collateral trust gold 4s_
—
94%
.
Detroit
1951
gold
Refunding 4s
98%
102
102
1st
J-J
52
3s
1970
Dayton Union Ry 3'As series B—1965
Delaware & Hudson 4s extended—-1963
Delaware Power & Light 3s
1973
tDenver & Rio Grande RR—
Des
17
117 V8
116
*116% 117'A
J-J
103
Dayton P Si L 1st mtge
Assented
102% 102%
1981
i95i
ACertlficates
A
93
1st gold 3s
sterling.
Collateral trust gold 4s
D
jDenver & Rio Grande
AGeneral s f 5s—
28%
27
—
extended to
receipts
§ Alst consol 4s
jAConsol gold 4% 8
62
49
F-A
70%
27%
104'% 104%
110
56
60%
1st gold 3%s—
Extended
84
110
94
105%
129
69
•
28%
107
60
c:q
67
61
104 %
M-S
68%
A-O
107
67
R7
J-D
103
F-A
1st gold 4s
99%
59
138
85%
10
M-N
100
107
94%
130%
6
93
104% 104%
• •
•
1957
Illinois Bell Telep 2%s series A
105
91%
/
•
1949
Illinois Central RR—
95
*101%
1962
92%
•v
Feb 1957
1st 5s A
income 5s_
107%
92'A
94%
111%
108%
4
92
M- N
.1970
1st 5'As
receipts
A Cuba RR 1st 5s gold—.
A Deposit
receipts
A7'/2s series A extended to
A Deposit
receipts
A
If-N
Jf-N
.1967
A Deposit
Co Gas
series
1954
1980
1952
.1965
JACuba Northern Ry
5s
107
3i
98%
J-D
t
3 V2 S———
1st mtge 3'/2 8—Xm
1st mtge 3yas
1st mtge 3'As—
1st mtge 3'As
Crane Co 2'As s f debs—
Crucible Steel 3'As s f debs
1st mtge
i
s
& Manhattan
A AdJ
lOG'A
99'A
98
98
—
*137% 140
M-N
A-O
1956
4s
A Debenture
Consumers
1st
Hudson
109
104% 104%
104'A
88%
110
*1.10 'A
J-J
1937
1945
1970
1954
J955
deb 4s
fAConsol Ry non-conv
Coal
Hudson
106
*106% 107'A
A-O
1951
3'/as
Hudson
100%
107'A
*107
A-O
66"
-
106'A
*108
106
40
83%
82
17
100%
89%
*97%
Jtf-N
..1999
107
A-O
24
95'%
32
J-J
195»
.
112%
82
95
F-A
83%
14%
100
H
77
108
F-A
$
J-J
.1969
Ry cons gold 5s.
Houston Oil 4'As debs
81%
%i-N
1956
3V2s debentures
Consolidated Oil conv deb
__1952
l&AHousatonic
57 »/<
94
95
•
u
stpd
Hocking Valley Ry 1st 4%s
53%
108
M-N
J»48
debentures-
3'/as
5s
lll;i
99%
1
68
J-J
/
72
266
72%
66
100
2015
Gull States Utll 3%s series D
34
70%
67%
68%
*13
J-J
111%
88%
55
109
109
72%
J-J
1968
1®58
Conn Ry & L 1st & ref 4y3s
1951
Conn River Power s f 33/4S A—-—1961
Consolidated Cigar 3'/4S s. f. debs_1953
Consolidated Edison of New York—
debentures
M
High
65
12%
109%
111
111
J-J
Commonwealth Edison Co—
1st mtge 3%s series I
Conv debs 3'/2 s
3'/2s
ref Term
Low
i-.1975
Ship Island RR—
&
106%
99% 100%
100%
J-D
—Apr 11969
deb w w
&
1st
110
0
"106'A 106%
111
Gulf
108%
1
ACommercial Mackay Corp—
Income
59%
4
n-i.rt.vii
J-J
extl gold 45-1948
& Sou Ohio El 3V48
1970
& Tol 1st extl 4s——1955
Columbus
53
110% 110%
J-D
Columbus & H V 1st
Columbus
28
: :
109
January 1
No.
HiOh
Feb
......
1961
Debenture 5s—
76
109% 109%
F-A
}9»7
I 4%s series C_.
s
68'/a
J7-N
1948
-..,,-1950
1977
1981
Short Line 1st gtd 4%s
1961
Union Term gtd 5'/as
1972
s f 5s series B gtd
1973
Cleve
82
r-A
1993
1993
1977
1991
1990
1970
gold 4s
55
J-D
Ry—
General 5s series B
Ref & impt 4'/as series
104% 108
7
68%
74%
M-N
1952
—-1966
1st mtge 3'As.
1967
Cin Union Term 1st gtd 3%s D—1971
1st mtge gtd 3%s series E
1969
*AChoctaw Ok & Gulf cons 5s
Gas & Elec 3ViS
104
17
Range Since
Sold
*68
B
AGen mtge inc 5s series A
'
18
75%
74%
107%
ctfs
Feb
Gulf Mobile & Ohio 48 series B
75
108'A
M-S
Cincinnati
Cleve Cin Chic & St Louis
108
108%
107% 107%
108
J-J
A-O
1957
§ A Debenture 5s
110%
17
105% 106%
106
108%
102'/a
'
1943
t§AChilds Co deb 5s
24
108% 109
1083A
J-J
1963
1963
1952
1962
Debentures
ctfp A
Bonds
Friday's
or
Low
A
.
Week's Range
Last
Sale Price Bid A Asked
HiOh
AGreen Bay & West deb
Chicago Union Station—
•;
1st mtge 3%s aeries E
1st mtge 3VeS series P
Chic & West Indiana com 4s
1st & ref 4V!»8 series D
Interest
New York Stock Exchange
Range Since
Bonds
Friday's
Sale Price Bid & Asked
Low
,
BONDS
Week's Range
Friday
BONDS
New York
AUGUST
WEEK ENDING
FOR
Sr
gold 4%s
monon
Cine
Div
4s
4*
104
107%
105% 105'/a
99%
106%
112
94%
105%
103'% 103%
M-S
4
105% 105%
3
102%
104 %
106% 106%
105%
12
106 Va
107%
15
103
104%
*103%
105
94%
*113
—
9 8'/2
103'/a
__
18
104% 105'A
■
104
101%
105 'A
112
113
•
"
BOND RECORD
NEW YORK
It
RANGJE FOR WEEK ENDING AUGUST
New
Interest
Exchange
Stock
York
Period
BONDS
Week's Range
or Friday's
Friday
BONDS
Last
Bonds
Sale Price Bid & Asked
New York
Range Since
Sold
Biah
Low
.
Low
No.
High
§A2d
Gen
1945
J-D
•
4'As series A
1960
sink fund__Feb 1 1957
mtge
RR & Lt s f 5s
A Manila Elec
1953
RR (Southern Lines)
A Manila
Shovel s f
98'A
65'A
66
4
72
76
76
15
/ M-S
1959
4s
*58y«
M-N
*40 Va
*
1947
90%
97%
J-D
- M-N
,
A-O
Q-A
100
1955
1960
Metrop Wat Sew & Drain 5%s
1950
tiAMet West Side El (Chic) 4s__1938
A-O
M-S
A-O
6s
Stamped
Market Street Railway—
McCrory Stores deb'3'A
Metrop Ed 1st 4'As series D
Central—
Micmgan
Y Telephone
.
.
100'A 100'A
niya
1951
1st gold 3%s
1952
Ref & impt 4%s series C
1979
Michigan Cons Gas 1st mtge 3'As_1969
t§AMidland of N J 1st ext 5s
1940
t§AMilw & Northern 1st ext 4'As-_1939
A SSConsol ext 4%s
1939
M-S
19%
102%
M-N
J-J
M-S
A-O
„
104'A
*104
36'/2
107'A 107'A
*—
J-D
J-D
71
55
697/a
*ioiy4106
107'A
106'/8
18
f
103'A
97.
<
!
90%
86'A
8.7
25
75'/+
11
87
11 ->
2
7%
ref gold 4s
&
ARef
50-yr 5s series A
ext
&
1949
1962
4%
2
3%
5'A
tMinn St Paul & Sault Ste
consol
§ A 1st
:
43
29'/8
1938
1938
5s
46'A
*47%
50
168
46'A
46
46'A
5
(Wise) 1st mtge 3'As—^
69'A
68'A
69%
224
:;56'A
72
71 Vi
72
77
641/2
75
59'A
28
533A
64'A..
6'A
81
73%
105
100
'101%
1962
40-year 4s series B
Prior lien 4'As series D
1978
5s series A...Jan 196'
adjust
>59'A
> J-J
J-J
A-O
.
71'A
1st
M-N
A-O
gold 4s—1991
Monongahela Ky 3y»s series B
1966
A 1st
&
ref 5s series F
1st
&
ref
A
series G
5s
M 5s
Constr
M
series A
4'As series B
3'As
gtd 5s
Steel
1st
.
of
ACertificates
A 1st
series C
5s
4'/is
A 1st
of
Ref
&
56'A
72%
70
70
70 'A
9
.
3'/2s
1st
RR 3 Vis A
gold 4s
Y
Dock
1st
A-O
M-S
F-A
A-O
A-O
2000
Mtge
i
Harlem gold 3 Vis
J-D
F-A
M-N
4s series A—
4s series B
2043
2043
&
M-N
M-N
1973
4 Vis series B
1973
IN Y New Haven & Hartford RR—
N -Y.Lack & West
deb
ANon-conv
4s series A
4s—
ANon-conv
deb
3'As
i ANon-conv
deb
3Vis
deb
ANon-conv
4s
deb 4s—
ADebenture certificates 3Vis
ANon-conv
deb
AConv
—1947
1947
—1954
1955
—1950
1956
108'/a
111%
6
V ^ 111
27
•
1948
6s
1940
5 A Collateral trust 6s
4s
1957
ref 4Vis series of 1927—1967
ADebenture
A 1st
&
1st
>
v
96%
101'A
100'/8
101%
.v.
-
4s
N Y & Putnam
1st cons gtd 4s_
Lt & Pow 3'As
lien 6s stamp
Steam Corp 1st 3'As
N Y Queens El
N
Y
N Y
Rvs prior
For
footnotes
see
page
648.
104%
110'A
M-N
*103% 104
103 3A
__
.
106 %
f gold 3s loan
M s
1st
73
48%
63'/a
36
47'A
69'A
Paterson & Passaic G & E cons
63
43'A
65
112'A 112'A
2
109
112'A
110
112
92%
82
22
107% 107%
4
92'A
107%
n 93
107%
103%
33
15
102'A
M-S
9
105'/4
99%
?
'104
113'A
113% 114'A
92%
91'A
92'A
84'A
125
125'A
88
102
103
13
126
88
94'A
.
1
103
101
102% 103%
102'A
Pere
62
75
70'A
71'A
84'A
72
1
82'/2
.
«
75
78
13
78'A
76'A
77
77
8
79
82'A
71'A
81
76
75
75'A
72
81
*78
69
80
12
--!?
87
74
39
78
73%
85%
-A
*100
78%
73%
72%
73%
127
59
68 'A
67%
68%
402
56'A
74'A
73'A
74%
231
63
109
87
99%
99% 100
96'A
95%
78'A
75'A
67'A
61
79'/a
73%
106
106
98%
98%
95%
'
149
99
87. "
*108'A
._
:V
102%
105
__
108%
78'A
69
96%
95'/a
99
101%
*101% 102'A
96%
106%
96'/a
109%
2
106%
109%
109'A 109%
15
108%
110'A
109
109%
110'A 110'A
*105%
*106%
*107'/a
l-ii
115%
109% 111
11
104
105%
102'.
103
101'A
105%.
—
..
__
77'/2
;;.
>71
83'A
7 V > 77
89'/a
18
79%
87
—
114
117'A
*114
llo'/s
87
,
/
-
48'A
46
60%
47'A
•> 2
45%
60
47
3
47'A
47'A
48
34
45'A
59%
49
24
46'A
61
18
53
51'A
53
50'A
64
87
86'A
87'A
21
82
94
23
24
33'
16%
31%
50'A
52'A
48 %
63'A
48 •'
49/
48
49%
48
52'A
107'A
>•
Y
49%
.36
46%
61
47%
28
45'A
59%
230
263
.
series C
4'As A
Steel 1st mtge 4'As
mtge 4'As series B
& W Va 1st 4'As series A
mtge 4% s series B
16%
5
.
66'A
16
4'A
107'A
5
16%
190
5
66
66%
*__
109%
*106'/a 108
106'A 106%
102'A
9%
103
1964
1970
1975
1977
1952
1950
1950
1958
—1959
99%
51
<103%
110'A
101'A
22
42%
42'A
*106
56
M-S
94%
94'A
104
104%
F-A
131
131
J-J
.103'A
6
*125'A
J-D
J-J
r
108'A
J-D
102'A
J-J
6 6'A
M-S
28
M-S
131
132
121
1
125%
105%
1091/2
108'A 108'A
107%
8
107
111%
101% 102%
6
101%
104
65
66'A
28'A
•38'A
123
27
200
105 Vb
105
101'A
105'/a
72'A
17'A
31
104'A
5
105%
104'A
♦104'A 104%
M-N
97
107
15
107
M-S
96
82
71
■
101%
87'/a
12
95'A
53
107
95%
163
100% 101'A
93'A
81
23'A
105%
107
94%
J-J
104'A
112%'*
55'A
75'A
75
1061/2
7%
3
19%
16
16
13%
13%
10
6'A
17'A
101% 101'A
55
100'A
101'A
*104
103'/a
104
104
104%
*112
112'A
112%
112
113 ye
J-J
-
F-A
M-N
F-A
J-D
M-N
*112'A
F-A
*113%
F-A
*122
M-N
*1231/2
115
122'A
123%
123
123%
123
J-D
A-O
113%
126'A
124
"5
116%
124
124
126'A
49
116
126%
106'A 107
J-J
106'A
107%
102
105
6
102'A
105%
105
14
*103'A 104
M-S
104
J-D
104
J-D
103% 105
2
101%
77
♦1
59'A
83%
58'A
83
77
J-D
A-O
*75
A-O
*75
77%
58
78%
•
83
J-D
series B
5s series C
1977
deb
1964
r'jrtland Gen Elec 1st 4%a——1960
Pittston
1st 5s
Potomac
Co
5'A
inc
extended to
El Pwr
1st M 3 'As
1950
1966
1977
Pressed Steel Car deb 5s
—.1951
t A Providence Securities 4s—^._ui_1957i A Providence Terminal 4s
—1956
Public Service E3 & Gas 3'As—;—1968
mortgage 3'As
1st &
1st
124'/8
*110%
751/2
J-J
1962
1974
gen
b
&
ref mtge 3s
ref
ref
mtge
5s
mtge 8s
Public Service of Nor
107
1963
1937
103'A
A-O
J-D
1st 4'As series D
1st
117%
115'A
104 y8
C
l»t gen 5s
1st
109
20
116%
J-J
1960
Young & Ash 1st 4« aer A—1948
1st mtge 4'As series
1st
125
39
124 '/s
123
97
1945
1949
F 4s guaranteed gold
1953
G 4s guaranteed
1957
H cons guaranteed 4s
1960
I cons 4'As
1963
J cons guaranteed 4'As—1964
Pitts Coke & Iron conv
Pitta
124Vb
106
gold
series A
mtge 5s series B
1st
M-D
105% >16'/a
4s guaranteed
Gen mtge 5s
1st
109%
107%
121
17
123% 124'A
.98%
15
1962
debs
Pittsburgh Cine Chi & St Louis—
Phillips Petroleum 2%s
4'As
Z
/
85
1949
deb 6s
Gen
68
116% 117%
F-A
l§APhilippine Ry 1st s f 4s
ACertificates of deposit
Pitts
124'A
Apr
B
Gen
108
—
106% 107'A
107
F-A
J-D
1974
1956
1956
Philip Morris Ltd deb 3s
3s debentures
Pitts
A-O
109%
108
3
109
109
*108'A
54
1977
1961
.1967
1st & ref mtge 2%s
—.....1971
^Philadelphia & Reading Coal—
A ref 5s> stamped
:
1973
Series
M-N
r,M-N
110'A
106% 109'A
39
108% 109'A
109'A
108'A
*2
103% 104'A
1974
Series
109'A
105'A' 108%
,
109'A 110
115% 116'A
series C
Philadelphia Co coll tr 4'As
Phila Electric 1st & ref 3'As
Series
108
108
,
,
115% 116%
series
Seriis
v
103%
gold 4'As
D
106
109%
—
116'A
1980
1952
Beries
109%
A-O
gold 4Vis series C_.
Phelps Dodge conv 3'As deb
Phila Bait & Wash 1st gold 4s—
3eries E 3'As gtd
62%
5
106'A
84
78'A
7
63
50
73
67'A
91%
69%
/
_
72
72'A
96%
65
221
79'A
*73'A
<
78%
91'A
*--
81%
83'A
61
96'A
'
79'A
74'/a
100
108
F-A
—Apr 1990
Marquette 1st series A 5s
AConv
J-J
A-O
1st
5s
101'A
—
*1091/2
*5
.
M-S
1st 4s series B
General
J
.F-A
1952
ext.'
4s
*109 »/2
*104
r'
J-J
1947
1960
Pekin Union Ry 5Vis
General
68'A
81'A
80%
81 Vi
&
M-N
A-O
1984'
mtge 4'As series E
deb 3'As_
AIncome
Peoria
116'A
105
5
1981
gold 4'As
& Eastern 4s
Peoria
104
61
69
69
93'A
61
Gen
113%
101
i.
1968
1970
—
General 4'As series D„
Conv
96
9 V:
101'A
101'A
B
Peoples Gas L & C ref 5s
™
103%
1970
..I960
..1965.
series A
series
5s
Debenture
93%
84%
17
1
88
General
117'A
122'A
4
116
116
114%
7:.^
•;
116
125
1960.
1948
sinking fund 4'As
General 4'As
100
108
113% 113%
*100% 103 'A
J-D
May 11948
3%s series C
mtge
Cons
,
95'A
84
9
91'A
91'A
Gen
104
105'A
85%
14
991/2 100
J-D
1974
4s sterl stpd dollar
106
;
1944
1952
Pennsylvania RR—
Ccnso! gold 4s
)■
108
111
103
.
debentures
4 'As
103%
103'A
%
r
105'/a 105'A
1051/4
M-N
J-D
M-N
J-J
J-J
5s_1949
*
107%
104% 104%'
102% 103
104%
A-O
J-D
A-O
F-A
10
110
108 3A
105
1955
104%
110
*104
Pennsylvania Ohio & Detroit RR—
;•
1st & ref 4'As series B_
1981
1st & ref 3%s ser DJ
1968
Penna Power & Light 3'As.—
1969
105%
J-J
M-N
*106
M-N
Pennsylvania Glass Sand 3'As
47'/a
M-8
J-J
Gtd 4s series E trust ctfs
106'A
106
1966
1955
i'
lll'A
lll'A
108
1
111
Pennsylvania Co—
Guaranteed 3'As trust ctfs D
111'A
25
108'A 108'A
110
ctfs
64'A
*110
105% 105%
108'A
Paramount Broadway Corp—
58%
112'A
29
105%
J-D
109%
110
5
105% 106'A
110%
104%
9
110% 111
__
106'A
J-D
1960
55%
56'A
J-D
99%
98
110%
& 111 1st s f gold 4'As
57
47%
1955
1993
104
105%
.
A-O
3'As series C
mtge
-1
*99
J-D
Panhandle East P L 3s B.
63
47'A
1992
1965
1958
1963
lll'A
*108% 109
1966
series B
56'A
M-8
M-8
A-O
J-J
M-N
J-J
1954
4s
AGeneral
Ref
Paducah
109
94%
tAHarlem River & Port Chester—
JAN Y Ont & West ref gold 4s
Pacific Tel & Tel 3'As
114'A
105'A
i
*•
108'A
J-D
109% 110%
58%
J-J
J-J
Y
110% 110%
M-S
J-J
110
1
.
Y & Erie—See
Mtge
N
106'/a
108
J-D
3'As series I
3s series J
& ref M 3s series K
64'A
A-O
A-O
1947
1965
'.951
1865' "
1960
3'As series D
ref 3V»s series E
Erie RR
Y Gas El Lt H & Pow gold 5s—1948
Purchase money gold 4s
1949
1st lien &
N
106'A
1961
1966
1970
1971
ref mtge 3%s series H
Si
Series
...
N Y Edison
N
F-A
A-O
A-O
M-N
J-J
J-J
F-A
F-A
F-A
F-A
1974
1978
C
Y Connecting
N
21'/a
104'A
107'A
1st & ref mtge
96%
*—
J-J
1997
extended to_
mtge 3'/is
N
15%
48
36
1st & ref mtge
82
—1998
1998
1998
series A
series
217
20%
M-N
107'A 108
73%
112 Va 112'A
*94 Vi
A-O
1998
4'/is
'21'/a
1641/4
*106'A 107%
J-J
108
106'A
60
107% 107%
112'A
F-A
2013
1952
1997
registered
5 Vis
19%
104'/a
v
J-D
104'A
York Chicago & St Louis—
Ref
100 %
112'A
2
J-D
1st
109% 109%
F-A
1998
2013
registered
Mich Cent coll gold 3'/is
Ref
—
1946
2
106'A 106'A
A-O
—1945
r-rvr
Shore
3'/is
100 »A
110%
-
110% 110%
i
—1964
1st
Co
Coast
Pacific
ls„
—
3Vis
New
>
*100%
110%
108
48
108%
108
108'A
M-S
13%
117
Bridge Co—
registered
coll gold 3'/is
3 lis
Lake
F-A
F-A
72%
66'A
J-J
1954
deposit
Cent & Hud River
Y
-
gold 5s
56'A
■
secured 3'As
Conv
N
88
;;
Pacific Gas & El 4s series G
63%
63%
J-J
J-D
M-N
F-A
J-J
J-J
J-J
—1950
impt 4'As series A
imDt 5s series C
&
Kef
88
67%
110%
66%
—
Central RR 4s series A
Y
N
67 3A
73
J-D
1950
series A
ACertificates
34
12
30
31-N
deposit
series D
of deposit
5Vis
A 1st
83'A
83
108'A
56%
ACertificates
Newport & Cincinnati
General gtd 4'/is
82'A
82%
106'A
22'A
66
deposit——.—— ;—
1954
A-O
deposit
>■
—
..
of
ACertificates
>
J-J
106%
433
72%
A-O
1986
New Orleans Great Nor 5s A
..1983
N O & N E 1st ref & imp 4'As
1952
New Orleans Term 1st gtd 4s
1953
tNew Orleans Texas & Mexico Ry—
§ANon-cum inc 5s series A
1935
B
98'A
83'A
83
J-J
•;4
365
Af-S
1952
1961
gtd 4lis series B
RR gtd 1st 4s
series
80%
29
66%
9!A
1945
England Tel & Tel 5s A
5s
303
106% 107
28
56'/a
J-D
M-S
>
N J Junction
A 1st
96'A ''
106% 106%
63%
195
1945
of
95%
J-J
26'A
F-A
1948 >
England RR gtd 5s
A Certificates
84
96'A
J-J
66'A
251
1954
AConsol gtd 4s
1st
61'A
1961
27aA
226
1965.'
Newark Consol Gas cons 5s
New
121
1946
Oregon-Wash RR & Nav 4s
M-N
1949
tANaugatuck RR 1st gold 4s
$ANew
77
J-J
f
76'A
108%
72%
12
J-D
M-N
M-N
J-D
1949
3s
mtge
66
77
106'A
56%
J-D
1960
Dairy Prod 3yiS dehs
Distillers Prod 3 Vis
3Vis sinking fund debentures
National
51
5
62
W
M-N
1978
Nash Chatt & St L 4s series A
Nat
70%
53
9
5
66%.;
N
Nat
98'A
84
104 % 104'A
65'/8
66'A
1947
Constr
gtd 3 Vis
1st
Essex
&
Morris
88'A
65%
62'A
106% 106%
66 %
66%
Mutual Fuel Gas 1st
ext
(John) & Co 3s debs
Morrell
/
J-J
Ore Short Lins
63%
Mountain States T & T
ref 33/4S
5s
3
64
62
65%
Q-A
103%
•
98%
98%
92%
J-J
Oregon RR
57%
11
A-O
1st &
Q-J
Q-F
171
102% 103%
103'A
J-D
69'/8
36
11,%
1965
1966
1951
1958
2000
1955
1955
1968
debentures
Tramways
129
*120
121'A
& Nav con gold 4s
1946
1st cons gold 5s—1946
57
73
A-O
Power
153
125
116
104
66
66 'A
I960
mtge 4'As
6s
1st 5s
Transmission
Ontario
48'A
Monongaheia W Penn Pub Serv—
Montreal
Elec 33As
&
63
M-S
F-A
Moh'k St Malone lst gtd
Montana
4s
Gas
46
F-A
AConv
1st
mtge 3%s
48'A
gold 5lis
1949
A 1st & ref gold 5s serie3 H
1980
A 1st & ref 5s series I
—..1981
4s
General
mtge
Oklahoma
Guaranteed stpd cons 5s
ief 5s series A
&
*
61%
'
Pacific RR Co—
F-A
M-S
M-S
M-N
A
59
63
1963
1975
1977
1978
A 1st
*•
1965
1967
1972.
1966
1945
Ohio Edison 1st mtge 4s
1st
Prior lien 5s series A
ACum
129
*129
Q-J
tOgdensburg & Lake Champlain Ry—
§ A 1st guaranteed 4s
;
1948
J-J
*6'/a
*80%
Missouri-Kansas-Texas RR—
tMissouri
48
O
7%
-
—1962
1st 4s
Kansas & Texas
Mo
:
1959
1990
1st 5s
t A Missouri-Illinois RR
47%
40
*131'A
46%
—1967
—1974
1964
(Minn) 1st & ref mtge 3y3s
1st mtge 2%s
12
J-J
J-J
J-J
J-D
r
1978
ref 5 Vis series B
&
46
46'A
J-J
J-J
J-J
„
.
§Alst stamped 5s gtd as to int__1938
A 1st & ref 6s series A
1946
A 1st
89'A
36
O-A
M-S
48'A
29'A
82'A
30
47'A
30'A
4%
Q-F
.
16
36%
Marie
§ a 1st cons 4s stamped—
.
M-S
_
88
36
*33
States Power Co—
Northern
JMinneapolis & St Louis RR—
A 1st
110%
M-S
1974
A
31
109%
108 y4
—
87%
F-A
lien 4s__1997
4s registered.—:
:
1997
Gen lien ry 81 Id gold 3s
Jan 2047
v- 3s
registered
2047
Ref & impt 4'As series A
2047
Ref & impt 6s series B
2047
Ref & impt 5s series C_.
2047
Ref & impt 5s series Dl.
2047
94
'
4'As series
ref
&
95
111
108%
87%
inc
Northern Pacific'Ry prior
97
73
88'A
88'A
18%
14
87
A-O
105'A
Q5
100 »4
*99
109'A
123
22'A
23 'A '•
J-J
4'As series A.
mtge
Gen mtge 5s con v
Gen
>;
■a i6
19%
3
23'A
92'A
*—
109'A
*108% 109 V*
100'A
92
IO91/2 109'A
M-N
J-J
t§ANorfolk Southern RR 5s A
106
109'A
8%
*109%
1st
100'A
105
109'A 109'A
5
A-O
-
.
,
96'A
100
9
8%
1998
2014
1961
Norfolk & Western Ry 1st gold 4s_199.6 '
North Central gen & ref 5s
1974
101'A 102'A
•
16
M-S
,
50%
21
18
9
J-J
*
34
15
47
Niag Lock & Ont Pow 1st 5s A—1955
Norfolk Southern Ry Co—
'
102%
101.
;
„
*17%-
1st 4'As
t§AN Y West & Bost
.
High
Low
No.
18
18
F-A
1967
1946
1966
3'As series B
Sold
High
*43
F-A
1943
ATerminal 1st gold 5s„
Niagara Falls Power 3'As
*105'/a 106
F-A
Sag 3V»S
Lans &
Jack
;
83
; i
__
.
_
N
71%
68%
A
ext 5s
(Stamped mod)
'
99
52
—
*102
1945
13
*101%
A-O
Steam
Marion
4'As
gold 5s
gold
5 A General
J-J
1937
1937
,.1940
Range Since
January 1
Bonds
Friday's
or
Low
M
Manati Sugar 4s
Last
Sale Price Bid & Asked
Period
January 1
Week's Range
Friday
y
Interest
Stock Exchange
f JAN Y Susq & W 1st ref 5s
Maine Central RR 4s series A
647
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4307
Volume 160
111 3'As
0
107%
*122
F-A
107%
121'A
107'A
121 '/a
J-D
93'A
J-J
M-S
J-J
105'A
104
105
104
J-J
99'A
105'A
104
2
101%
105%
108%
109'A
11314
113'A
102
10
100%
103
*113'A
J-J
102
102 <
M-N
22'A
M-8
22'A
3
*101'A
1951
A-O
101
1997
1997
J-J
104%
J-J
1
♦148'A
J-D
"l
*222'A
110%
106%
107%
147%
224
224%
24
106'A
111%
100% 101
14
97
104'A 105
120
105
45
106'A 106'A
A-O
30%
100%
110
147%
107'A 107'A
V M-N
17
98%
110% 110%
J-J
1972
2037
-2037
1968
94%
1
19
*109V»
F-A
86
93'A
105'A
107
18%
5%
66
4
36
52
69'/a
110
111 Vi
105'A
108
106'A
109
Reading Co Jersey Cent coll 4s
Gen & ref 4y3s series A„
Gen & ref 4'As series B
J-J
105
104
94
94'A
IfS
105
105
THE COMMERCIAL & FINANCIAL CHRONICLE
648
NEW
Interest
Exchange
Last
.-1950
Copper Si Brass 3 %s
ttevere
West 1st gold 4s.
(jARio Grande
A 1st
Jf-N
-19J9
J-J
Si coll trust 4s A-— -1949
cons
& Elec Corp—
4y2s series D
Gen mtge 3%s series H
Gen mtge 3l/2S series I
Gen mtge 3%s series J—
*§AR I Ark Si Louis 1st 4%s
tARut-Canadian 4$ stpd
U a Rutland RR 4Vis stamped
'
"107'/4
„
No.
Low
104%
107%
13
19
101 %
103
81
95
Toledo St Louis & West
'
'
64
92%
'
,
16
44 y2
66%
Toronto
Ham
Trenton
Gas
92 y2
64
-1977
MS
-19117
mtge
MS
'
—
*111%
—
Third Ave Ry
AAdJ
—
MS
-1934
MS
47
45 y2
47
-1949
A-J
17%
15%
18%
16%
17%
19
,
107%
*108% 110%
—
.1941
lien 5s
A Prior
ACertilicates
A Cons
M 4'/j8
ACertilicates
Louis-Southwestern Ry—
ISt
1st
;
bond certificates
4s inc bond ctls
4s
2d
A
19
105
1
106%
1959
1967
98%
13
95
Jf-S
1
J-J
J-J
1947
J-J
1970
A-O
40%
...
Serial
2.10s'
45%
2.15s
*100%
35%
488
28%
37%
2.40s
Nov
1 1952
M-N
*101%
34%
19
28%
37%
2.45s
May
11953
M-N
*101%
Nov
1 1953
M-N
*102% 103%
2.55s
May 11954
M-N
2.60s
Nov
1 1954
M-N
2.65s
May 11955
M-N
55
♦100%
86
57%
82%
64
—
34%
70%
38%
15
59%
52%
54
131
82%
58%
36
36
'
••
M-a
104
,; v
-
68%'
66
68%
69
55 Ve
69
30
28%
30%
29%
29%
29%
42%
41%
39%
39%
43
59
56
59%
v
MS
MS
F-A
128%
43%
V?
20
27%
101%
101%
103
102
102%
42%
*102%
102%
M-3
98%
F-A
1957
M-N
*112
1968
li-S
103
101%
1043%
39
102% 104
973A
98
97%
99%
28
263/4
ref
series B
mtge 3s series D
Coal St
Iron
Coke
1st gold 5s__1949
A-O
Virginian Ry 3%s series A..
1960
If-8
.
32
112
109%
111%
105%
_.
106 %
90
*106% 109
98%
100
104%
*98
j-j
1958
y/'C V'-
112
'
105% 106%
M-a
2003
':v"
110%
A-O
1974
r
106%
96%
13
80
107% 108%
30
106%
111
20
100 %
104%
96
96
97
62
54
30
100
100%
W
102
10
101% 101%
A-O
102'/a
104% 104%
52%
75
103
2
Wabash RR Co—
66
1st mtge 4s
105%
series A
J-J
1971
104%
1043/4
104
AGen
mtge 4s inc series A
1981
Apr
83%
82%
83%
22
68
AGen
mtge inc 4%s ser B
1991
Apr
77 %
76
77%
45
56
195b
A-O
100% 100%
12
95%
gtd gold 3%s__2000
F-A
2
38%
Walworth
F-A
103%
J-J
106%
A-O
103% 103%
105% 106 %
34
A-O
__
109
Warren
Washington Central Ry 1st 4s
Washington Term 1st gtd 3%s
105%
106'/a
124
107
109
1051/2
9
21
109
109
100%
100% 100%
95%
15
94
—
84%
83
85
362
69
79%
78%
79%
120
66%
'/*
#
1011%
West
1st
.85
175
65%
84
105% 106%
10
101%
1061/4
103% 104%
476
91%
Maryland
ref
&
t A Western
84%
65%
Power 3%8
Penn
Western
1043/4
Western
5%s
Union
F-A
1945
J-D
series I
1966
A-O
1977
1st
1940
Jf-S
1950
1951
Jf-N
5s
A
ser
Telegraph
115
116%
A-O
101
117%
119
108 J/2
109%
7
110% 110 %
109%
83%
101
22
98%
106%
31
77%
993%
108
107% 108%
40
101%
108 %
102
107%
100%
107
101
101%
100% 101
A-O
108%
141
101% 101%
42
West Shore
118%
2361
J-J
68%
67
68%
71
55%
2361
J-J
64
64
64%
33
53
1st
4s
guaranteed
22
92'/a
105%
Wheeling & Lake Erie RR 4s
1949
M-S
15
96
1083/4
Wheeling Steel
1966
M-a
■
J-J
100%
■f;!.-.
107
1
51
*103
F-A
51%
/
Wilson
106
Winston-Salem
112%
JAWisconsin Central 1st 4s
107 %
110%
j.
112%
106'/a
15
•
*111
51%
1st 3%s series B
IIO1/2
106
107
-'
Registered
100%
112%
*110% 112%
Apr
17
105% 106%
105%
106
«*;'V,
J-D
'•/
1053/8 105 S/8
105%
M-N
5s
5s
87%
87%
112
;
M-N
105%
Jf-S
1951
gold
25-year
30-year
73%
105
•
J-J
J-D
1960
;
108% 108%
105
J-J
105
23
;
1113/4
51
103%
14
112%
147
105% 106
94%
96%
101
Co—
Funding & real estate 4%s
37
86%
87%
A-O
116%
101%
5
118%
108% 108%
J-J
102%
101
*118
J-J
1952
A
53
98
*100
108%
84
102
100%
100% 100%
J-D
1967
46%
►101%
F-A
1950
4s
1st
series
Pacific
Q-M
1945
45%
873/4•
Westinghouse El & Mfg 2VsS
J-J
.
1948
Ltg 5s stpd gtd
3%s
mtge
••89%
204
rc
ref
1st 40-vear guaranteed 4s
,101i/4
♦100%
Jf-S
•
RR 1st
Westchester
Gen
J-D
1st mtge 4s
103%
123
>:
109
108
108%
J-J
Co
103
4
*126
0;
.
102%
102
23
__
*108%
Va & Southwest 1st gtd 5s
1st cons 5s
60'/a
34%
*
101%
101%
*102
A-O
"
42%
42
'/
F-A
Va
31
f 4s
s
Elec & Pwr 3%s series B
1st &
43 %
51
30%
J-J
Va
32%
28%
2
'
Cons
69%
21%
90
701
101% 102
65 Va
101%
102 %
*102
1955
Vandalla RR cons g 4s series A
68%
43
14
291
41%
29
—
102
IOIY2
1051/4
126%
F-A
J-J
__
—
.
A-O
;
101 %
1041/2
103%
11
—
A-O
A-0
102
101 %
38%
30%
102
v__
...
Pictures 3%s debs
Universal
101%
101 %
__
101% 101%
*101%
1951
1959
United Stockyards 4%s w w
100
92
45
„
104,; 104%
■,
..
__
—
.
*103%
'
106
97
102%
102%
100%
33%
'
M-N
101%
__
33%
11
109%
101%
$
..
M-N
&
Co
1st
ACertificates
,
1st
B
of
ACertificates
of
+
103% 103%
J-J
J-J
'
:
:
1st 4s—1936
69
70 *
Jf-N
16
deposit
102%
104
Wisconsin
Elec
24
104%
106 i/s
Wisconsin
Public Service 3%s
J-J
103%
103% 104
41
102%
104%
104 % 104%
15
103%
105%
107%
102 3/b
105%
116%
74%
60 %
14
70
15 %
:
22%
14%
17
18
1041/2
M-N
104%
'57%
105%
1359
1956
1961
163
16%
»
104% 105%
>■'-
993/4
101%
20
L-
*68%
*__
68 %
69%
91%
56
1113/4
116 Va
9934
99%
deposit
S ASu & Du div & term
60
1960
1949
4s.
993%
72%
110%
*110%
A-O
1958
mortgage 3s
8
105%
J-D'
*106%
Jf-N
1951
__
102% 102%
--
5
1953
1968
A-O
110% 110%
~I
109 %
110%
197.1
J-J
110% 110%
2
107%
110%
1960
M-N
105% 1053/4
41
101 %
106
X
1st mtge s f 3%s series D
J-J
3%s series B..1974
3%s
Power
Youngstown Sheet & Tube—
J-J
J-J
gold 4s
1950
deb
3s
*117
118
113
105%
118
111
120
112%
112
112%
3
101 %
45
*106
F-A
101%
a
105%
i-
100
103 Vc
A-O
106%
106% 106 %
3
105
P-N
106%
106% 106%
27
105%
1st
106%
2UU0
gold 5s
J-D
124
124
124 Va
16
115%
1241/a
series
B
1977
A-O
93%
93
937/a
37
81%
&
ref
5s
series
C
1979
A-O
92%
92 >/4
93
89
79%
Gen
&
ref
5s
Beries
D___
1980
92%
92%
93
72
801/4
not
year's range.,
in
the year's
^Companies reported
95%
J-D
delivery sale
the
n
Included In the years range,
d Ex-Interest,
e Odd-lot sale not
Under-the-rule sale not Included In the year's range,
r Cash sale
range.
■.■•
.
§Negotlability Impaired by maturity.
tThe price represented Is the dollar quotation per
pound unit of bonds.
Accrued interest payable at the exchange rate of $4 8484.
96%
Gen
in
not Included
106 V3
1965
Deferred
Included
106%
91%
1959
debentures
5s
*100%
M-N
81%
>
104%
of St Louis—
Ref & impt mtge
ref
*100%
M-N
M-N
J-D
Tcxarkana & Ft Smith 5%s A
&
M-N
11949
May 11950
11950
X
Gen
May 11949
Nov
_
May 11952
59%
F-A
104
101%
Corp—
1953
Assn
Pacific
104% 104%
Nov
J-D
Southern Ry
Si
104%
2.35s
55
A-O
1(0%
f
debentures
94
46>/a
J-J
Company
F-A
2.20s
106%
Texas
—1958
50
J-J
%
111%
106
1
32
102% 102%
483A
105% 106
J-J
119
1
109% 1093/4
A-C
36'/8
104%
3r
110
A-O
36%
A-O
Texas
J-D
.1955
2.50s
J-J
106 V2
110
-1980
3%s debs
Steel
108%
107
102 %
5
106%
102%
52
106
106
106
107 Ye
1
106
M-N
12
J-J
f
19
44
210
1950
1955
s
103% 103%
107% 107%
103%
104
44%
M-N
193/4
106
102%
34%
Jf-S
Stamped
refund
112
19
103%
45%
78%
Gen
110%
^
*22
*106% 106%
44
78%
RR
103%
43%
\:V/ 45%
77
Coal Iron Si RR gen 5s
104
107%
35 %
*
77%
Terminal
101 %
106%
44%
J-J
78%
T>tin
13
101%
Stores 5s__-.1952
3V2s debs
States
United
32%
17
78%
1st cons gold 5s
1994
Devel & gen 4s series A
1959
Devel & gen 6s
1956
Devel & gen 6'/2 s
1956
Mem Div 1st gold 5s
1990
gt Louis Div 1st gold 4s
1951
Southwestern Bell Tel 3%s B
1964
1st & ref 3s series C
1968
Southwestern Pub Serv 4s
1972
ASpokane Internat 1st gold 4%S-._2013
Stand Oil of Calif 23/4s debs
1960
Standard Oil N J deb 3s
1961
.1971
mtge 3%s series A
89%
41
3f-N
ref gtd 4s
34-year 3%s deb.
35-year 3'/2s deb
33
474
42%
Jf-N
Term 1st 4s
land grant 4s
2.05s
40%
}969
1981
Swift & Co 23/4s debs
103%
RR—
Pacific
&
United Drug
100%
5s
debentures
3s
United Cigar-Whelan
99%
97%
92%
*_-
42%
Gold
Gold 4'/2s
3'A debs
Superior Oil 3 V28 aebs
40%
96%
*111%
J-J
i:
100%
95%
Jf-S
debenture
30%
►107% 107%
F-A
1st
76%
53
100
99
.
1968
2 3/4
83%
214
.2
39%
103
►103% 104
M-a >'
A-O
75%
.
100% 100%
ioo
98
1952
Sunray Oil Corp
High.
J-D
3%s__1960
Jf-N
Ref
Gold 4 %s
Fran
Low
71
57
102% 102%
A-O
—IWVt
A
37%
102%
1971
Union
....
Pac RR 1st
gold 5s—1949
deb
A-*#
■v,
1945
106
63
*77
Jf-N
'
San
gold 4s_.1940
81%
103
ti A Union Elec Ry (Chic)
Union Oil of Calif 3s deb
United Biscuit
gold 5s series A----1990
St Paul it Duluth 1st cons gold 48.1968
HASt P & K C Sh L gtd 4 /as
1941
St Paul Union Depot 3'/sS B
1971
Schenley Distillers 4s s i deb
1952
Scioto V it N E 1st gtd 4s
1989
ISeaooard Air Line Ry
.
IA 1st gold 4s unstamped
1950
5 A 43 gold stamped
5 A Refunding 4s.———-1958
A Certificates
of deposit
A 1st cons 6s series A
1»40
ACertificates of deposit
—
JSAAtl it Birm 1st gtd 4s_
1933
tASeaboard All Fla 6s A ctfs
1935
A 6s series B certificates.,
1935
Shell Union Oil 2%s debs———1954
23/4S sinking fund debentures
1961
t f ASilesian-Am Corp coll tr 7s
1941
Simmons Co debentures 4s_———190*
Sioux City & Pacific Div—
See Chic & Northwestern Ry
Skeliy Oil 3s debentures..—„
1950
Bocony-Vacuum Oil 3s debs
1964
South it Nor Ala RR gtd 5s
1963
South Bell Tel & Tel 3%s
1962
3s debentures
*
iy'»
Southern Pacilic Co—
4s (Cent Pac coll)
Aug 1949
4s registered.,.
1®49
1st 4y2s (Oregon Lines) A
1977
South
Elec 1st
5s conv
39%
J-D
Union Electric Co of Mo 3%s
1081/4
62%
78%
*75%
A-O
—1089
Nov 1989
unifying 5s—
5 A 1st term it
AGen it rel
J-J
of deposit
---series B
19&0
ol deposit
series A—-----1978
of deposit stpd
Certificates
a
1st
1950
4s
81
January 1
Range Since
No.
U
17i/4
12
Ry
lien 4s ser A
A Prior
*__
195°
San Francisco
Louis
Si
Corn
1st
50
11
141
'
107% 107%
J-J
1959
1955
5s_
stpd
Rocky Mt it P 5s
L
Bt
Buff
St
A-O
Jan I960
5s
81%
UujH
109%
39%
38
41
106
1-0
Ltd 1st M 4%8.-..--1.960
Pub Serv 1st mtge
Income
J-J
1960
Sold
Bonds
Friday's
M-S
-1960
Grand Island 1st 4s
1947
Bt Lawr Si Adir 1st gold 5s—
1996
2d gold 6s
1998
JSt Louis Iron Mountain & Southern
; River & Gull Division
A 1st 4s stamped
iyjj
ACertilicates of deposit
—St L
1st ref 4s
Tol Si Ohio Cent ref & impt
111% 111%
-1967
Jos Si
St
or
—
i
S&guenay Pwr
Last
Low
Tri-Cont
*125%
—
^
I
Week's Range
Sale Price Bid & Asked
High
—
63
92 %
A-O
Friday
Period
Interest
January 1
102 y2 102%
102%
II
New York Stock Exchange
Range Since
Gas
Rochester
Gen
J-J
-i960
Rand deb 3%s
AUGUST
ENDING
Sold
HiQti
Low
Remington
Bonds
Sale Price Bid & Asked
Period
WEEK
FOR
BONDS
Week's Range
or Friday's
Friday
BONDS
new York Stock
BONO RECORD
YORK
RANGE
Monday, August 14, 1944
96
the Bankruptcy
200-
being In bankruptcy, receivership, or reorganized under Section 77 of
as
Act, or securities assumed by such companies.
*Frlday's bid and asked prices;
ABonds selling flat.
;'
no
sales being transacted daring current week.
■
•
.
.
.
,
-/
,
NEW YORK CURB EXCHANGE
WEEKLY
AND
YEARLY
RECORD
InTf'o^noS^'tht STta
In
Aug.
the
5,
"""
following extensive list
and
ending
the
include every security,
present
we
furnish
Friday
whether stock
a
(Aug.
complete record of the transactions
11,
1944).
It
STOCKS
York
Curb
Friday
Exchange
Last
Sale Price
Par
Acme
Aero
Wire
Co
common..
Range
B
;
1
AInsworth Mfg common
Associates Inc (NJ)
8
Air
Aircraft
Accessories
Air Investors
Convertible
—50o
common
Afr-Way
Electric
Alabama
Great
Appliance
~
Low
see
33/4
',1.700
93/8
1.400
43/4
page
York
Curb
26
Mar
Apr
21
Jan
3%
Jun
6%
Feb
10
Feb
103/8 July
5% July
4% July
July
3%
99 %
4
99 %
117% 117%
1.000
10
Alles &
Fisher
Allied Intl
Allied
Investing $3
Products
runcc
a
ennv
2%
Feb
Aluminum
Goods
Jan
353/4
Jan
Aluminum
Industries
60
114
104
Apr
4
July
Jan
102
Mar
Feb
% Mar
118%
6%
conv
new
Ltd
preferred
Jun
American
107% July
American
Low
"
Sales
Shares
High
Low
114% July
July
114% July
8% July
8%
273/4
50
Jan
22
Jun
22%
Feb
31
Jun
23%
27%
.25
Apr
31
Jun
113%
34%
4.200
113'% 114 %
33%
650
27% Mar
35
July
109 Va
Feb
115
Aug
18 %
33%
Feb
9
common
common
Co
Range Since January 1
High
Mfg
common
2
!ioo
May
19% Mar
13%
78
79.%
250
Jun
42%
2
41%
73%
Jan
84
Jan
95%
78
100
...
,
for Week
~
.10
100
Beverage
Book
Range
pfd_
common
preferred
Aluminium
.100
Week's
of Prices
6
common
Jan
Aluminum Co
pfd
(Mich)
Jan
2%
Last
common
2
89
Friday
Exchange
Allegheny Ludlum Steel 7%
6%
117%
V-.':
Par
35
11.400
A
Sale Price
2
—50
653.
.'
11
High
Jan
x83/a
-—3
Southern
footnotes
3%
9%
—10
I"
Alabama Power Co $7
preferred.
$6
preferred
For
3%
9%
43/8
AUGUST
STOCKS—
20
4%
ENDING
New
22
2
preferred
WEEK
Range since January 1
High
1
Corp
FOR
Sales
Shares
1
Class
Saturday,
is
for Week
...10
Supply Mfg class A.
Week's
of Prices
Low
the New York Curb Exchange for the week beginning on
compiled entirely from the daily reports of the Curb Exchange itself, and is intended to
bond, in which any dealings have occurred during the current year.
or
RANGE
New
on
Jun
103
Feb
.Tan
2% Mar
Jan
>42% Aug
2%
400
t %
42 %
150
28%
Volume
NEW YORK CURB
RANGE
Friday
Exchange
Curb
Range
23
25
41%
40%
41%
1,000
40'A
38%
40%
500
class A
10
A
Class
General
Corp
Light
& Trac
common
preferred
6%
26%
34%
Maracaibo
American
17
32%
32%
33
16%
16%
16%
Potash
American
American
Amer
Seal-Kap
700
1,400
American
Writing
Paper
common
Apex-Elec Mfg Co common
Appalachian Elec Pwr 4% % pfd
Inc
r.
Arkansas Power & Light $7
Ashland
Oil
&
American
dep
rects
Atlanta
&
Birm
Apr
5%
Jun
17%
5/a July
A Jun
111
Jan
Line
109
July
3
Jan
Jun
113'A July
8% July
May
4% July
Clark
3
200
19
Jan
Jun
8,900
3
May
4
2,600
9%
Jan
10
90
97%
Jan
109
Aug
7% Mar
13
July
2,200
% Mar
Va
Jun
Apr
11
Jun
1,600
6%
6%
7%
5%
Jan
7
July
20%
6%
200
10
Jun
20 3A
Jun
Claude
Clayton
Co
1%
Co
87/e July
13A July
Colonial
Corp
80
Feb
12%
Feb
Jan
47 ¥e May
1 % May
2% July
Jan
5
1
6,000
8 3/4
-•
600
6%
12
%
13 ¥b July
Feb
6%
Jan
6% July
4%
100
6
6
*
10%
Apr
3%
5%
600
5%
Jan
9%
900
12 %
8%
1
W
1%
1%
Jun
Aug
9%
May
10 %
Feb
25 Va
July
July
Jan
15
May
8
1,000
24 %
25
9
24%
/ KV'. '
21%
9'A
9%
5
25
1
B
•
5%
Baldwin Locomotive—
20%
800
23%
23
.*
'
Rubber
Barium
Steel
Barlow
&
common
(L)
Baumann
7%
A
Inc
Tel
Benson
&
6%
Jan
9% July
3%
3%
16,400
2
Jan
4
13
Feb
4
Jun
57/e
Jan
4 % May
3%
5
•
8%
100
Commonwealth
Blue
$3
Fdy & Mach Co com—*
1
Blumenthal
Bohack
7 %
<S>
(H C)
1st
Co
Inc
$5
•
Corp
136% Aug
6%
Feb
10
14%
143/4
2,000
11%
Apr
15% July
2V4
1,800
1%
Jan
3
Mar
49 Va
900
43%
Jan
497/s
Aug
10%
Jan
17¥e July
7%
Feb
2*/a
49
100
8 Va
8%
•—.
500
15%
15%
Mfg
Co
American
British
American
Am
210
80
Jan
105
Mar
100
24
Jan
28
July
11%
200
10%
Jan
12 3A
July
Va
%
13%
,.
W/a
dep
British
200
900
19%
12¥a
11%
13%
2,700
2%
V/a
2¥a
15,200
British
Columbia Power class A
(E L)
Co
Jan
8% Aug
12%
Jan
Hill
Butler
(P
Jun
13¥b
Feb
14 3A
July
37 Va July
18% July
3%
Jan
Water
V
t
extended
c
1940
to
$3
Biscuit
300
47A July
Consolidated
—
Steel
Oil
Royalty
Consolidated
-
Textile
Continental
1%
Feb
19 Va July
17%
Jan
26
Jan
Jan
10 Va
10%
2,100
May
91% Aug
3%
Jun
21
10 ¥a
Jan
26 Va
9
Jan
10 3A July
16%* 177/a
17 ¥a
7,700
14%
107 %
200
97%
10%
200
107
10 %
lVa
1%
1%
3%
3¥a
35/a
Apr
Feb
9% May
Jun
17% Aug
107%
12
1.000
1.300
2%
33%
33%
35
1.450
69
63
69
530
1%
12 Va
24%
.500
1%
1%
1
Apr
3
Apr
4
3.600
12'/a
300
1
11 ¥4
1%
900
}£ Jan
1,000
%
Jan
/
Feb
9 Va
Jan
Aug
Jan
Mar
71
Jan
Feb
%
Apr
9 3A
■
Jan
25
38
68
Jan
4
100
800
63%
Feb
20
113%
Feb
104
Jun
116 ¥4 117%
-
110% 110'A
10
6Va
8,900
45 Va
975
5 3A
5%
33%
5%
68 %
5%
43
443/4
% Mar
400
1 Va'
1
38
5%
Jan
45/e
■h J^y
25
July
1 Va
July
1,100
100
13%
12%
13%
2,700
5%
5%
5%
7,500
133/4
3,300
9
Jan
104% 106 Va
*
260
100
Mar
13
13%
69
Jun
Mar
1173A May
110 Va Mar
6Vs Aug
114V2
v
Aug
53/a
50 Va July
Jan
"1%
Jan
lVa
Jan
9%
Jan
3%
Jan
•,;i=
l3/a Mar
38
Jan
6%
7% :..7%
t
12% Aug
Jan
32
,
~i%
7¥a
$6
87
50
American
8V4
Jun
115
Apr
2 Ve
Jun
13% July
6
July
14
July
Petrol
International A
(Md)
Oil Refining common
preferred
Cuban
Atlantic
Sugar
Cuban
Tobacco
common
Curtis
Lighting
Curtis
Mfg Co
1%
Jan
1,300
20
84
Mar
if Feb
14
Apr
2% July
87 Va
•
Jun
3 Va
2,200
2
Feb
3% July
33%
350
23
Jan
36% July
Inc
13,700
25
1 Va
1%
28 Va Mar
5/a
Jan
1,300
3%
Jan
500
3%
Jan
10 Va
Jan
~3 Va
"3
1
O 0 01
1%
Feb
Jun
11
6¥b July
15
July
2
Jan
3 Vs Aug
24
Jun.
25 Va Mar
%
Apr
if Jan
10
11%
Jan
23¥4
6.400
19 Vs
Apr
26
Jun
9%
9:%
100
3%
Jan
12% July
2Ve
Apr
3% Aug
8 3/4
9%
Feb
22%
23
May
9%'Aug
.2.50
6
common
9% July
22% July
5%
5%
~3
*
(Mo)—1
Apr
8,200
10
87/e
•
Crystal
$6
Jan
87
23
—
25c
25
•
10
5
Drug Co common
convertible preferred
"ft
12
73A
10
5
Cent
Crown
73/8 July
Jan
30%
1 %
1
•
& Co
Cork
Crown
'Crown
Feb
%
•2%
25
5
Co
Brewing
Crowley Milner
Apr
5%
2
receipts (ord reg)_£1 '
dep
12
V
1063/4 July
17% July
V
Petroleum
Croft
300
87
32
Courtaulds Ltd—
Creole
13 %
1%
2%
1
preferred
convertible
5%
1,600
•'
300
Va
13
2
common
Petroleum
Cosden
6 ¥4
Vu
13
•
preferred A
50
16
.'6 ¥4
'8
1
Reynolds
&
Cor; /on
D
•
1
Class
convertible
A
Stores
Dennison Mfg class A common
prior preferred
57/e
Shoe
1%
6% Mar
3%
Co
Bridge Co Ltd
Steel
Coal
&
—
B
Dominion Tar & Chemical Ltd
9%
783i»
9¥b
1,300
78 Va
78%
740
Test Corp
Texas
B
common
common
Sulphur
135
5%
Jan
72
Jun
July
May
103A July
79¥4
Feb
Feb
16
Jun
Jan
21
July
1%
1%
1%
11,000
3A
Jan
5%
6%
3,400
3%
Jan
600
20 %
1% July
6¥e July
26 %
25
40
Jun
Aug
Jan
27
22
Jan
26
10%
253/4
25':
26%
Feb
10%
13% Mar
9%
Aug *
9%
9%
2,100
9 %
9%
9%
400
5¥a
Jan
12 %
100
10 ¥b
Jan
6'A
500
Mar
13
12'A
1
1
6
5Ve May
223/s May
•
25
16
Feb
July
10% Aug
17
July
9% July
133/4
Feb
6% July
25 Va
Jun
6%
■
79
79
29'A
29 3A
50
150
F*eb
8Ve July
6%
•
•
1
•
82
Jan
6
10
class
Jan
12%
Jan
7%
Feb
67
263A Feb
79
Feb
Aug
33% July
Feb
81
100
3V2
Jan
8
1,100
2%
Jan
9%
Jan
74
•
Hosiery
5% July
19
*
Corp
12% Aug
65
£1
1
common
Jan
113
1
;
Corporation
Duro
400
300
•
dep rets ord reg
Duval
-
10
common
Dominion
Jun
4%
Co Ltd—
Distillers
Durham
12%
4%
—10
common
Dominion
13A July
Mar
11%
4%
common
Co
Co
Jan
Jan
July
36
Products
Steel
Foundry..
Diana Stores Corp
Divco
21
Jan
1
20
1
]
10
preferred
7 %
Jan
33 V8
:•
preferred
Diamond
Mar
15%
110
♦
Derby Oil & Refining Corp com
A convertible preferred
Detroit Gasket & Mfg
De Vilbiss
26
250
36
100
debenture
Detroit
Jan
19
36
1
5
50
Drjay
8%
24
19
35
Davenport Hosiery Mills
Dayton Rubber Mfg
Duke Power Co
-i%
Jun
July
6¥8
47 Va Mar
20%
100
1 Va
24%
•
Dobeckmun
,V'
1%
.50o
common
4
12
,
.
4¥a July
56%
32
5c
Coro Inc d
Domestic Industries class A com
4,300
.4% July
July
Apr
'
16
Jan
13A July
25c
Jan
Jun
28
Jan
8 Va
1.500
4'/a
Jun
373/4
<18%
May
3¥a
•
Aug
8,100
,
Jan
3%
Cook Paint & Varnish Co
Iron
1%
11
8%
100
Copper Range Co
Cornucopia Gold Mines
Stove
773A
Jun
Feb '
33%
1
Co
preferred
prior
Mich
20
.12 %c
rets
& Machine
Gray
1,800
303A
8¥e
lOo
Co
Fdy
6%
3 Va
6¥b
113/4
800
Jan
13A July
Jan
50
*.
Jun
Mar
9
Continental Gas & Electric Co—
Detroit
90 %
.
9 Va
22¥a
Jan
2 ¥8
10
•
Corp
Detroit
2%
¥a
33A July
6¥a Apr
100
Jun
90%
~3
Jan
10
1
5
1
preferred
8%
43A July
1,200
19
/
10%
certificates
Electric
Tungsten
Fire
Car
A
Class B
pfd
I
1
5
pfd__
.100
4
Jun
t.
~8
3%
8
3%
3¥4
Aug
4¥8 July
11% July
July
July
5%
X7
-10
Corp
~75/a
7%
x7
Apr
8
500
5%
Jan
7 ¥4 Mar
2,500
4 ¥4
Jan
20%
Jun
97A July
20% Jun
7¥a
100¥4 July
100 3A July
Foundry Ltd—
preference
Industrial
25
4%
footnotes
Jan
see
Feb
4¥8 Mar
voting
page
653.
East
8%
prior preferred
preferred
24
Jun
Eastern
Malleable
States
Iron
Corp
$7
preferred series A
5% July
fft
prpfp-rrpd
«Pr'PR
1,700
l¥s
Feb
67 3'4
67'A
68
325
56 %
Jan
41'A
39 Va
41%
625
R
2%
2
•
25
•
2¥b July
70
Mar
32%
Jan
43% July
24 Va
Jan
28% July
400
% Mar
46
44
46
575
33Va Jan
45%
45
45%
125
33%
•
Apr
5Va
:
100
100
Gas & Fuel Assoc common
4%%
Eastern
21
Alcohol-
voting
non
3% May
■
—
1
Power
6%
&
Participatine
Canadian
..£1
Insurance
Cement
Canadian
For
27
100
Ltd
8melt
61
Consolidated Retail Stores
2%
Feb
Jan
2.100
25
100
Utilities
Gas
Mining
May
3%
Feb
7
9.200
IV2
25%
*
preferred series C
Consolidated
Apr
'
California
Class
"l%
17%
1
Co
preferred
series B
17 6/a
14%
18
18%
2.50
American dep rets 5%
Calamba
Sugar Estate
Canada
-
Wireless—
&
Camden
lllVa July
100
*
preferred
Consolidated
Driver Harris Co
Callite
Jan
8'
•
Conn Gas & Coke Secur common
Am
common
trust
12% May
35 r;.
1
Service
1% May
~4%
4%
C
Voting
1183A July
Jan
Compo Shoe Machinery—
Draper
Cables
173/4 Mar
Jan
8 3A
16%
25
1
Public Service
Community
$6
17
"4%
*
Cable Electric Products
Peb
92%
200
343/4
Jan
Jan
25
Corp
H)
133/a
2.400
17
Jun
37%
15%
•
Corp Am dep
Burry Biscuit
137/s
23
Feb
5
common
Sullivan
&
17.100
11%
133/4
Jun
Jun
Feb
18
600
18%
18%
•
Niagara & East Power—
Bunker
15
Jun
1073/4 109 %
wanants—"
Southern
&
'
—
*
preferred
1st
preferred
Burma
Jan
1% May
213A
20
1
common
$1.60
$5
9%
31% July
•
Buckeye Pipe Line
Buffalo
Jan
20%
1
prior preferred
Co
18%
18% Aug
1
preferred
Brown Rubber
Bruce
v':
800
8%
•
common
Brown Forman Distillers
$5
~7%
•
A
3% Mar
£1
.Class B
Class
177% Mar
Jan
10s
reg
Brown Fence & Wire
¥4 Mar
Jan
/
£1
reg
Ltd—
dep rets ord
Jan
1
21%
•
Co
ord
rets
Celanese
Amer
%
6%
1,600.
2,400
1% ih 2
Tobacco—
dep rects ord bearer
Am
.
Oil
11 ¥b Mar
96
27%
•
British
July
27%
2
•
common—
A
Aug
11
•
Class
97/e
96
27%
•
Bnllo
157/s Aug
14 3/4
1
Co
Aug
Feb
19 Va
Bridgeport Oil
;
■3 *-'
6%
1
common
Aeronautical—.
Jan
37
^
400
19%
Bridgeport Gas Light Co—
Jan
12
July
35
Apr
% May
154,500
3
•
Brazilian Traction Lgfc & Pwr
Breeze
Feb
1,600
100
preferred
Brewster
127%
9¥b
•
1st preferred
2d
80
157/a
•
Bowman-Biltmore common—
7 %
4% July
9%
100
Bourjois
Jan
15%
15Va
25
July
9%
2%
•
common
28 Va
Apr
30
493/4
preferred
19¥e July
14% Mar
35 S Apr
•
Scrymser Co
Borne
Aug
9 Ve July
Jan
2%
1%
23/4
•
& Co
82
Apr
6%
Jan
134%
134
134
1
common..
optional convertible preferred
2%
65
16 Va- Apr
500
•
—
common
Ridge Corp
July
_3%
1
common
common
...
53 Va May
4
100
Community
Consol
21
•
1
(E W)
100
18
18
•
common
Blckfords Inc
Blauner's
70
100
8%
1
Berkey & Gay Furniture
Bliss
100
4%
82
81%
20
preferred
Birdsboro Steel
500
5.:'-
-
4%
4%
10
common
Hedges
Convertible
300
1
Canada
of
8%
100
common
Aircraft
Bellanca
8%
1
convertible preferred
$1.50
417/s July
Jan
f
common
Mills
Jan
9
common
1st preferred
Ties
Beaumt
39%
7
Mfg—
Brummel
Beau
Jun
50
1
Corp
Seelig
6%
40%
1
:
Refractories Inc
Basic
Bell
Co
convertible
$1.20
July
14,000
40%
8%
common
preferred—
Baldwin
9
8'%
30
for
warrants
Purchase
lie
July
17%
1%
25
Arms
—
Consolidated
26
Feb
625
Aug
Electric—
Gas &
preference
4%
23%
41
38 %
18
•
■
II July
6%
1
Fire
Patent
Colt's
Columbia
4%%
I
Jan
4
Consol G E L P Bait common
Babcock & Wilcox Co
%
93/a
85 V8
Fuel & Iron warrants
Jan
35,700
3%
Airlines
Colorado
31
Jun
37
Va
¥4
•
Jan
8%
1,000
116
•
common
Jan
75
10%
10 Va
IOVh
.Jan
35¥4 July
6% Jan
97
250
Development ordinary
%
3% July
July
93A July
100
8
*
Colon
3,200
16
1.300
11
100
Utensil
Plow
Jan
9 Va
•
Corp
Aluminum
Club
93A July
4
Electric
Coal
5% July
Apr
Mar
36 ¥4
14%
1
Cleveland Tractor common
Clinchfield
Aug
7'/a
100
1
Inc
Jun
July
if Aug
112%
•
•
♦
10
Lambert Mfg
Illuminating
&
Cleveland
4
6.300
X9
•
109
Co
Lights
Neon
Cockshutt
2% Mar
Products
Voting Machine
(BFI & Sons common
preferred
»
Ayrshire Patoka Collieries
Controller
r
9
41
$6
6%
1%
1%
"2%
6%
—100
—
13
119
Jan
353/4
9
10
Apr
Jan
%
112 %
II
2%
13
July
13%
1
common
Jun
105
7%
4
3 6 ¥4
Service
Jan
II93/4
Apr
112
25
-
10,400
II
4¥e
X9
Chicago Flexible Shaft Co new com—*
4
60c
8%
100
>
5
5
25
.
-
9¥a
Jun
96 V8 May
100
119
If
1
Omcago Rivet 61 Mach
Chief Consolidated Mining
11%
11%
119
50o
Cherry-Burrell common
Chesebrough Mfg
;
-
8% July
7% May
400
1193/4
10
106 %
11%
3¥e May
4.400
8%
73A
102% 104
100
com—
new
200
800
3%
9%
10
1
Avery
Co
16,000
10%
11%
Jun
7%
1
pfd
common
preferred
preferred B
$6 preferred BB
City Auto Stamping—.
City & Suburban Homes
106% 109
;:v
'
50
Automatic
Corp
Cities
4
2% Mar
V
Jun
7%
8%
Utilities
West
Jan
4%
2% May
200
3%
3%
1%
§Childs Co preferred
1,600
■
163/a
21V8
102%
Products
7% July
Jan *
18%
Jan
1,200
7%
Jan
May
•
pia
Metal Weather Strip Co
Cnamoerhn
Charis
oft
Light
South
Aircraft
Cessna
8¥a Mar
8% July
v
20
100
100
com
pfd
4% Mar
•
Atlas Corp warrants
Atlas Drop Forge common
&
Elec
7%
Jan
2%
10
11%
•
Co
&
&
May
6
3%
%
2,700
100
10
1
Power
Steel
Ohio
Power
Central
•v
Gas
Power
Vork
105 f
14
3%
6%
3%
75
£1
Fisheries
Cdast
Plywood
'15%
Jan
RR Co pfd__100
Coast
Coast
Atlantic
Automatic
Jan
•
reg
Atlantic
Atlas
109%
18%
17%
110% 111
18
1
Tel class A—
&
10%
New
Central
Jun
July
Maine
Central
1% Mar
Jan
;
Industries—
Associated Laundries of America
Associated Tel
1
48
~7%
a
Refining Co
Jan
;30
1,200
2.700
8 ¥»
Jun
115 Aug
19 Va July
10
America
Hudson
Central
Aug
Apr
2%
•
Assoc Breweries of Canada
Associated -Electric
Central
Aug
98
Feb
Jan
5%
3%
_
26%
'48
Jan
88%
40
3%
2.50
Art Metal Works cuminon
35%
22'A
*16%
10%
preferred
Equipment Corp
Aro
125
6,100
12%
of
Ceuuui
187/a Mar
100
"5%
•
uon-voting—
A
preferred
6%
Jun
18%
8%
Jan
118
•
& Co
Corp
17¥a
18%
Aug
July
48 %
May
114% Mar
1
com
3%
10
class
Common
34 -i
16% July
25 % Apr
150
108
17%
•
Natural Gas common
Arkansas
Feb
Co
Jan
41
Jun
27 300
1
•
100
1
Argus
Aug
19'A
27%
2
Fence
Post
46
Apr
45% ■v";
11%
109%
•
5
•
Angostura-Wupperman
Jan
14%
100
1%
common—,
Catalin
3%
•
$6
Anchor
'
48
Corp
7%
100
Jun
10
Jan
(A M)
25%
<
50
10c
Corp com
preferred
$6 series preferred
American Thread 5%
preferred
Superpower
1st
12¥a
•
9%
July
26
Jan
Castle
42
12%
10
.3
common
108%
July
39
27%
44%
•
Republics
American
30
(J W)
41%
100
■'
98
1
1%
*
Chemical—,
&
115
preferred
Products
'
1
Meter Co
American
"
46
98
Co
115
Casco
Jun
7 ¥4 Jun
Jan
46
17
100
common
•
•
1
Carter
112 %
Jan
Jan
23
:
Co
50
preferred
Carrier
30% Aug
Jan
275
$6
Feb
43
Carolina Power Si Light $7
July
x23
43
Jan
26
200
26
Jan
2%
16
Jan
•
9%
Co
144
Jan
12 %
•
Carnation
l¥e
1%
1.600
2
A
class
Feb
5%
39
.IV4
1%
Feb
19
High
Jan
common
Co
&
July
41 ¥i
107
100
45
100
Mfg
Preferred
Carman
3
45
Jun
Low
•
Feb
Jan
Range since January 1
High
144
1
;
Products
Feb
%
•
American
City
1%
1,100
7%
38%
20
25
Mach
Laundry
American
Capital
35% Aug
14,500
111
7%
25
Hard Rubber Co
American
30%
27%
111
"7%
1
1
preferred
$2.50 convertible preferred
American
30%
common—luc
convertible
Canadian Marconi
41 ¥8 Mar
15%
100
preferred
4% %
American
44 ¥8 Mar
Jan
4,200
Foreign Power warrantsFork & Hoe common
*
Gas & Electric
10
American
Jun
35%
2.600
Shares
100
preferred
38
5,300
&
American
$2
3
36%
35%
Low
Par
123A July
Jan
for Week
of Prices
Canadian Industries Ltd—
38%
2%
36%
10
non-voting
B
American
5%
Sales
Range
Last
Hton
7%
3
Cyanamid
American
2,500
Week's
Friday
Exchange
Sale Price
& ijight—
A
class
Convertible
Class
Low
12'A
IV/2
Curb
Range since January 1
—
Power
Cities
American
Shares
12 Va
Mfg
Central
American
York
New
Hioh
Low
11
AUGUST
for Week
of Prices
Sale Price
EXCHANGE
ENDING
STOCKS
Par
1
V
WEEK
FOR
Sales
Week's
Last
8TOCJKS-*
York
New
649
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4307
160
II
Jan
1
Jan
51% July
51% July
THE COMMERCIAL & FINANCIAL CHRONICLE
650
Monday, August 14, 1944
NEW YORK CURB EXCHANGE
RANGE
•
Economy
Bond & Share
Electric
common—
$6
[
Jan
Jan
150
,46% Apr
65% Mar
% May
8% Feb
1% Mar
57%
%
'
1
14
120
100
10%
33
14%
42%
42%
1%
5,700
40%
39%
40%
625
4%
41
—
39%
32%
4,400
Jan
7%
series
$3.50
Camera &
Falstaff
Brewing——
Metallurgical
J
Fansteel
10%
1
Inst Co
Engine & Airplane
Fairchild
Faircnild
Mfg Co
Fedders
1
Interstate
29% July
Interstate
7%
1,000
5 %
Investors
Royalty
25% Mar
56 %
Apr
64
700
4%
Apr
22%
200
19%
Feb
23%
22%
22%
125
19%
Jan
23% July
4'A
Motor of
Ford
France—
rets bearer
dep
Amer
4%
100
Franklin
——--
1.25
*
1
Brewing new
(Peter)
Fox
Distilling
Co
•
Grain & Malt common
Co
Froedtert
*
stock
convertible
$3
conv
4%
23%
23%
23% Aug
Feb
4%
16%
250
16% Aug
18
16
16%
650
10%
Jan
37
Feb
i
Jan
74
90
(.F L)
6%
Jan
5 %
dep rets ord reg
General Finance Corp common
preferred series A
Fireproofing common
General
Gen
&
las
Elec
$6
Outdoor Adv
General
Public
General
Rayon
Co
A
convertible
Corp
(A C)
12%
Jan
4%
300
3%
Feb
Jan
20%
300
14%
50
Jan
132
101
~2
800
88
7
490
12%
300
77
,
*
common
.
•7
1
;'7_.
Kleinert
10
'•
.j,
Y.;;
•
Kobacker
7. 88
Aug
Kress
Aldeu
Glen
12%
Godchaux
Class
Sugars class A
Jun
Jan
•
•
B
preferred-
$7
Goldfleld
Gorham Inc
Mines
Non-voting
7%
1st
Pacific
common
Gulf
1
Apr
43% July
12%
7
1,200
Feb
41
41
30
33
Y
7 100
Jun
33%
4%
Jan
8%
Jan
11%
150
83
Jun
•
6%
25o
common
$5.50
5%
pfd
6%
Jan
29%
200
5Va
6%
5
132
600
6%
Alabastlne
Feb
Lit
10
108
Jun
112
112
10
110
Mar
Xll5
300
7%
Jan
1%
3.300
%
Jan
6.300
2%
% July
Aug
1% May
Apr
10 Va
11%
7.600
5
Jan
4 Va
4%
1.700
2Va
Jan
87%
Feb
3%;
4
Y,.
™
—
6
Jun
10
Co
4
Aug
12%
Jun
5'A July
97
July
80
77
92
Feb
101% July
100
101
106
—
100
Jan
18
Jan
107
July
>20% Apr
120
—
121
121
10
July
124
Feb
12
12
200
9% Mar
12
July
17%
18 Va
450
9 %
Jan
5'%
Jun
19% Aug
5% Jun
17%
—
—
.
77Y...S.
K'
:
.
">
'%■:
111'A
'
mrnrnm.
10
-'7
77
Feb
113
Jun
56
Jan
67% July
45%
63
63
Jan
55
Feb
July
3%
"3%
3%
2,800
2%
Feb
4
4%
4%
4%
500
4Va
Jan
5% Mar
n
11
if
15%
Feb
11
100
11
108
■"
8%
16% July
Mar
12
107
11
1 % July
% May
5J0
SI-
12% Mar
Y '
11
Feb
,
Aug
Jan
21
May
100'A
Jan
108
Aug
84%
Feb
95
Feb
13%
Jun
16
7V':''
■
90
11%
11%
11%
800
11 Va
Jun
9%
'8%
9%
600
7%
Jan
57%
54%
57%
X16%
15%
16%
3,800
3%
4-.
7,900
'
—.
390
9% Mar
Oil
13
13%
24%
25
Inc 6% preferred
4
%
Steel
Mar
5% Mar
Feb
36% Aug
16,700
725
7
25
6%
Louisiana
Land
&
29%
.Apr
13
July
Feb
14
July
22%
Feb
500
Corp
24
2%
7/2%
9%
1%
25%
Jun
1%
Jan
3%
Jun
Jan
20%
200
15
Feb
17%
Jun
5,500
8
Jan
10
Aug
300/
200
•
10
1%
u.
>
14
29,300
1%
Feb
Apr
Jan
71%
74%
550
51
Jan
75
July
64%
67%
67%
1,075
49
Jan
68
July
7%
3,300
30%
50
7
7%
6%
•
8
30%
—
Feb
8
May
109 %
1
Light $6 pfd
16%
16%,
"9%
•
common
Jun
18%
100
Exploration
Louisiana Power &
Lynch
13
'24
24
—
100
preferred class B
1% July
Jan
10
10%
5
Long Island Lighting common
7% preferred class A
Jan
Apr
Aug
3
1%
12%
I3
10
common
6%
5
120
26% May
8
•
Corp new
Feb
26% Mar
1,000
*
Chain
Jun
14% July
4%
1%
1%
July
36%
.5.
4
35%
36%
25
A
4%
110
May
Jan
21
10
common
4
Jan
9%
700
24%
13%
1
!
Class
18% July
Jan
25
Inc
Groceterias
59
Jan
Feb
.*
Development
Brothers
Jan
12
2%
1
preferred
(R G)
37
7/2% Jan
105 Va
1
common
Lone Star Gas
July
.111%
7
5
Corp
Locke
May
--
11
9%
11%
.
5Va Aug
108
—
20% July
100
Material Co
Loblaw
8Va July
3% Mar
108
•
Wells
Lionel
Aug.
35% July
•
preferred
Gypsum Lime &
Jan
Jan
1%
1
of Delaware
1% preferred
Le Tourneau
136%
Jan
•
$6
Corp
Leonard
Line
93% Mar
100
July
12%
7
17%
9%
9%
30
Jan
% Mar
175
5
Feb
200
Feb
7
mmmm
200
'
Jun
7
35
34%
-v
x20%
X20
~~
7%:'.
July
\l
U
1
Mines Ltd
Convertible
Jun
400
136% 136%
25
y\
'r
i
*m mm
100
(N J)
Lipton (Thos J)
34%
1%
.
'
■
100
10
1
Lefcouit Realty common;
82% May
Feb
90%
90
■
Langendorf United Bakeries class A—*
7% May
30%
— —
r-
Lane
A July
Jan
X40%
1%
77-
'
■
Jun
Jan
9Va
8%
~Vh.
100
Co
RR
Shore
Lamson
12% July
110
Jan
%
16,900
33
41
25
Products
Utilities
9
104
——
7 5%
100
Paper..
Stores
States
37%
%
*
Greenfield Tap & Die
Grocery
125
:
1% July
•
Inc
Brewing
Lane Bryant
Tea—
stock
preferred
Northern
Great
42%
.
Feb
7
700
*
Lakey Foundry & Machine
Aug
7
•
1
10
1
,
special preferred
(S H)
Lake
% Mar
17
%
B
&
11
Apr
-
1
Co
Atlantic
Great
—
10
Grand Rapids Varnish
Mfg
~
•
Gorham
Gray
Feb
13%
-
-•
preferred
Mfg common
$3
■'
1
class A
10%
5,900
11%
12%
•
Consolidated
49% July
1
common
common
Lackawanna
Mar
16
41%
16%
20
Aug
L
Jun
51%
16%
—«.'•
-a.
•
July
48
106% May
16%
—•
Coal
2% July
19
100
100
1
1
!
Co
Stores
Kreuger
'
Gladding .McBean & Co
.
150
113% July
Jan
pfd B
preferred
Kresge Dept Stores—
4% convertible 1st preferred
7 12% Jun
49% July
May
9%
1.200
2
Jan
48-
■>—*
100
100
pfd
Koppers Co 6%
2% Mar
51 % Mar
V7;': 7,-
7% May
1% Jan
500
48
*
Rubber Co
(I B)
Knott Corp
July
2'A July
Mar
100%
r
*
Co
Jan
111
25
"
,
Jan
41%
V.8"
-
113
113
7*-«*
-7^^-
8%
7"
8
8
5
Emil)
(D
Klein
84
Jan
% Jun
12%
19% July
8% Mar
121
G M Co Ltd
Kirkland Lake
Aug
74
85%
19%
Apr
99
Products
Petroleum
Kirby
July
79% Jan
10
12%
Apr
16%
105
pre.'erred D__,
5%
8% May
50
87
16 %
200
101
Kingston
21% July
;
82
1% Feb
75% Jan
800
3.0CO
18%
106
Inc.,
Kimberly-Clark 6%
July
4% July
1%
•
•
,
115
10% Jun
8%
18%
preferred—100
Kings Co Lighting 7%
16
130
1
Preferred
Gilchrist
"100
82
•
preferred
Gilbert
15%
•
preferred
preferred
$5
1% July
130
1
com
Georgia Power $6 preferred
•
Jan
Jan
11% July
20% July
8%
100
100
——'*
Key Co common—
Jun
100% 101
130.
pfd
100
preferred—*
stock
•
$6
Water Gas & Electric common
$3
J8
8
6%
Service
General Shareholdings
$6
700
4'/a
•
preferred B
General
Gen
1%
20
20%
•
Jan
7 7% Jan
:
18%
pfd__100
Ken-Rad Tube & Lamp A
Jun
3%
15%
£1
1
10
Aug
K
Jan
78
Jan
1%
1%
—•
Aug
87% July
7.; 19
7 15% Jan
5.500
4 74
preferred
preferred
7%
Co Ltd—
Electric
5 %
8
Feb
1%
7%
2%
1
Alloys Co
Amer
Feb
70%
400
100
7%
7
Jan
18%
7
YvY/y.
July
2%
•
common
Mfg Co common
General
Gen
Co
Power
preferred
Feb
14%
19%
1
Julian & Kokenge Co
Kennedy's
Gatineau
11%
1%
1
Co
Kansas Gas & Elec 7%
Gellman
49 %
Jan
77 %
19
1
*
A
Jersey Central Pwr & Lt 5%%
52% July
58
--
74
r
,-r.
8
trust ctfs—•
Aircraft Engine Co.
Jacobs
17% July
72
27
500
19
9%
18%
■
Jeannette Glass Co
4% July
500
16%
—100
preferred
Jun ,7
Jun
4% July
30
July
Jan
3
1 Va
2% Aug
2% Aug
6% July
Jacobs
2
150
26
4
J
(Geo A)
Fuller
July
Italian Superpower
21
Feb
Apr
400
86
11%
1
Irving Air Chute
5%
5%
Feb
70
1
1.275
7
18%
—
mm mm
*
25% Mar
voting
B
Class
Jun
10
62
49%
43
;
*
Mills
Hosiery
Iron Fireman Mfg voting
62
66%
Jan
7
200
82%
Power $7 preferred
Ford Motor Co
2%
49%'
—1
16% July
Feb
May
72%
18%
Jan
46%
160
2.100
2%
25% July
114% Aug
Mar /
42%
130
2%
•
Equipment
Feb
14%
7%
57
Feb V
106
60
13% July
13% July
11% July
15
com
3,900
6%
Jan
..
50
Corp
22
(Phila)
Ltd—
Am dep rets ord reg
Ford Motor of Canada—
Class A non-voting
Association
Aug
Razor B
Utilities
28,000
*
Warehouse Co—25
10
Federal Compress &
Fire
3 Va
Jun
,
»•
Products
12%
7%
—
1%
54%
:
59%
77 2%
•
10
3%
26
27%
Apr
22%
100
114%
48%
57
shs„•
coupon
27%
2%
3 /a
r-
Apr
11
200
25%
7114
■'
53%
50
A
shares
$3.50 preferred
Interstate
Home
11% July
7% Jan
'*
«7.« '
8%
Petroleum
International
7. Registered
International Safety
1,900
12%
25 Va
Warrants
Apr
39% Aug
International
10%
103A
1.900
*
—
Metal Industries
International
10'A
12%
High
Low
12%
•
International Minerals and Chemicals—
Jun
34%
Feb
Hydro Electric—<
International
Preferred
Machine
Cigar
International
July
18%
400
7
7
7
39%
1
.
preferred
of North America
7%
International
Feb
Jan
:
Range since January 1
High
8
&
—100
1
1
100
10
•
J
Insurance Co
1% July
31%
—50
>
12% July
27% July
1
—
44
Jan
1 '/8 Mar
8%
preferred
Shares
9
12
£1
Common
Aug
42% Mar
50
1%
July
120
,.
Britain
Great
Ireland
7 %
16% July
Jan
103%
12%
,*
of
Industrial Finance v t c common
July
38
Jan
8% Jan
170
1%
•
•
Pipe Line common
.
30
150
2,900
119% 120
11
Low
•
(Can) coupon
Tobacco
for Week
of Prices
par
.
Indianapolis P & L 5%% preferred-100
Indiana Service 6% preferred
100
95% July
700
■■■:)
93% Mar
88%
—1
Inc common
10% Aug
83%
S''/o;/;.;
■
Registered
;
Imperial
Jun
200
Ills
common
convertible preferred
Eversharp
127,300
-10c
stock.
Esquire
16
700
13%
4
.100
Equity Corp
Eureka
;77 •. y'l\i y". ■
Imperial Tobacco of Canada
9% July
Jan
14% May
7% Jan
90%
32%
—IB
National Watch Co
—
Electric Mfg—-----——
Empire District Electric 6% pfd---
$3
77
Feb
95%
10%
1
Elgin
Power participating
Derrick & Equipment
5
48%
Jan
94'%
•
7>:.
Emerson
Emsco
1,200
10%
57%
Light 2d pfd
Option
warrants
Electrographic Corp-
Empire
~9%
10%
Power &
Electric
8%
35%
90
preferred
preferred
$5
200
8
8
1-8
40%
39%
39%
1
preferred v t C
Washing Machine B
Grocery Stores
$5
Easy
■
Imperial Oil
8ugar Associates—
Eastern
:■
High
Sales
Range
Last
Sale Price
Range since January 1
Low
Week's
Friday
Curb Exchange
York
New
Shares
High
Low
Por
11
AUGUST
ENDING
for Week
of Prices
Sale Price
WEEK
8TOCX8
Range
Last
Exchange
Curb
Week's
Friday
8TOCKS
Yerk
New
FOR
Sales
Jan
113
May
26% Mar
32
July
;
H
Hall
Lamp
Hamilton
Co
8
Bridge
Hammermill
Hartford
Co
Electric
Hartford
Brewing
ctfs
of America B non-vot
Corp
Helena
Horder's
Hormel
Co
&
5%
G
M
& Co common
&
Hussmann
Huyler's
1st
Hydro
Jan
7%
30
-
Jun
Marconi
9 %
—
'
26
Jan
12
«...
Mar
16 Va
100
20%
500
18
28%
200
24 '
97/a
10%
14%
■
'
•
«—
'
~/v
12
Y
'
■
33
116
28%
110
28%
110,
225
30
Harris
Radiator & Mfg
Apr
Mead
May
16 % Mar
Merritt
Jun
Metal
13
Mar
40
May
119
July
.
Apr
30
Jun
113%
:
Apr
19%
250
17%
Apr
20% Mar
1,700
38%
Jan
45%
Middle States
6%
700
4
Jan
11
26
11
100
6% Jan
4
4%
1,600
2%
Jan
4% July
26
27%
250
20%
Jan
29 Va July
3'A July
4%
1
3% July
__*
•dygrade Food Products
8
12%
12%
12%
400
9%
Jan
13%
Jun
Middle
;
West
non-cum
Midvale
Co
Dividend
Illinois
Am
"
11
9
3,700
4%
49%
12%
13
10%
10%
700
43 Va
Jan
10% July
50 % July
1,600
9%
Jan
15 Va
100
9%
Jun
13
5%
48%
13
Jan
Jan
Industries—
rets regis
'
For
8%
49%
Co
Chemical
dep
9
III"50
ctfs
arrear
Zinc
Imperial
•
II
Oil
Piping
"
see
pt ge
•
653.
July
'
6%
Jun
8%
2"%
Jan
158
158
4%
4%
4%
79
79
8
8%
2
109
109
8%
3%
50
6
Co
Supply
110
Aug
1%
2%
5,200
1%
Jan
2% May
3%
3%
100
2%
Jan
4
42 7
42'A
77,70
42
1
~3%
2.50
7 7%
•
Minnesota
Mining
Pwr
—
& Mfg
Light 7% pfd
Mississippi River Power 6%
Public Service
Voehringer
T3%
*
v
-
2,900
7%
350
4%
1%
1,800
1
1..,
7
?•
•,
600*
V 7%
July
11%
8%
7 5%
Jan
9% July
500
.r
8
Jan
13% May
2%
1,700
?
Jan
3% May
U%
8,800
iy8
97/a
Jan
11% Mar
Jan
10
20
Jan
24
Jun
23%
Apr
30
July
10'A
<
50
22%
b
22%
26%
25%
26%
400
2%
2%
2%
2,300
8%
8%
300
.
Mar
1% May
2%
Jun
_2%
1%
59
58%
~2%
2!
60
800
1,300
100
8 Va
Jan
9
July
15%
III
Jan
22
July
2%
114% 114%
20
•
23%
23%
300
3Vs July
2
Aug
Mar
65
May
Jan
105
July
Jan
114%
109 %
8%
23 %
Feb
1 % Mar
52
97%
100
2.50
•
-
100
common
Jan
Jun
1% Aug
u Mar
6 7
200
Mar
July
11%
2%
2%
pfd
8 Va
9
.
•,
•
common
4 %
Apr
11%
*2%
•
•
Apr
78%
t c_l
*•
~3%
7%
71%
.
116
Jan
2lA
May
42% May
Jan
36
110
1
Minnesota
Mock Jud
2% Aug
73%
•
Refineries
&
July
8% Aug
Jan
99% Mar
50
Jun
72%
10
;
&
81
Jan
%
100
July
4% July
Jan
Jan
41
1,000
161
Jan
138
30
2,100
Jun
8% July
13 <
8% Mar
.1
50
Mining Corp of Canada
Missouri
£1
'
footnotes
Apr
Feb',
2
•
common
Abrasive
Mid-West
common
^
dividend shares
Midwest
preferred
158
5
Corp common_r-_
5
Corp $2 conv preferred-.*
Oil
Steel Products—
Midwest
conv
Jan
600
1
Midland
$2
Jun
U
6%
3,800
1
Petroleum class A
c
Midland
,
Mid-West
i %
:
Micromatic Hone Corp
41%
•
Jan
9
600
7%
10
6%
1
Illinois Power Co
preferred—-
19%
—
26
25c
x40%
common
5% Aug
Jun
Jan
300
10%
100
:
t
Jun
33% Mar
1
6%
;
:
Michigan Sugar Co—
v
Jun
July
Feb
4%
•
Class B
85
7%
10%
•
1
19%
Jun
.
7%
15
Preferred
10'A
1% Mar
10%
:
;
7% July
xll% July
m.mm
*
.
Scott
40%
5
—
Electric Securities—
;
Corp
Participating
2%
Feb
1
'
•
:
common
A preferred.
Textile
5 7:
100
200
•
Metropolitan Edison $6 preferred
Michigan Bumper Corp newj.
Michigan Steel Tube—
J
6% July
Jan
&
5%
~7%
•
B
common
Messabi Iron Co
Jan
Jan
7%
1
c
:
Jun
6%%
t
Co
Chapman
15%
■
Jan
19
•
Warrants
11%
Jun
Aug
&
Stores
32
Jan
v
common
Johnson
5%
~7'A
'
:
•
Dredging
Mercantile
■
31% May
•
Memphis Natural Gas
22% July
Feb
25% Jan
110
May
4% July
May
3%
28%
28%
23
2,3007 77 8% May
13% Mar
77; 50
y."
Massey
McWilliams
3% Aug
14% Jan
■
— a.
■
Mass Utilities Association
May
McCord
14%
."-v.
■
July
13% July
'-r:
1%
5%
100
81
£1
;
Steam Shovel
12
8%
...
•
Ltd
Marion
Jan,
9% Jan
100
Co
July
19
e-r-.
1,600
Marine
Communication
Margay Oil Corp
Jan
28%
■■ '
Internat
\'M
2
1%
8.%
,
•
preferred
Consolidated Mfg Co„.
Mapes
Jan
,1
convertible
$5
7% July
48
2
Mengel Stores
•
Corp.
Co
Ligonier
Aug
warrants
_3
Refining
preferred
Jan
10
200
*■"
3%
•
Inc
Jan
16 Va
•
Fibre
Apr
20 Va
—-
■
100
Hubbell (Harvey)
26%
-a—
3%
„
•
Baking Co
Apr
6%
100
I
common
5%
3%
4,100
17
26%
—-
•
Hardart
Hummel-Ross
'.•'v
Manatl Sugar optional
2% July
4% Apr
11%
8
preferred
Humble Oil
600
«...
•
Co
Horn & Hardart
Horn
Jan
8%
16%
5
Inc
C)
7%
8
10
common
(Geo A)
(A
Horn
2%
41%
2.50
common
Co, class A
Consolidated
Hollinger
100
61A
.
•
common
Heyden Chemical
Holophane
3V2
52
«£••••'• :7:
M
Jan
July
'
1
Hewitt Rubber
Jun
5
Feb
26%
25
&
1 Va
2
Common
9%
27
Jan
1,000
•
;
common
Preferred
(R)
2
•i»—
•
Henry Holt & Co participating A
Hoe
l7/a
6
'*
•
——
25c
Class A
Co
—
50
Rubinstein
Heller
47
3%
—
5
Mining Co
Jan
Jan
xl9% Mar
1
com
common
preferred
Hec»a
'
•
Dept Stores
6%
.
a.
—-.
.
1
Hat Corp
Y—
1
Co
Hazeitine
Hearn
•
.
;
25
trust
5%
5
'
10
voting
700
9
8%
—•
Light
Rayon
Harvard
Ltd
Paper
14
Jan
Jan
Jun
'11% July
24
July
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4307
160
651
NEW YORK CURB EXCHANGE
RANGE
STOCKS
Par
Low
High
Low
9%
10%
1,000
8% Mar
common-.
Monroe Loan Society A
1
3%
3%
3%
2,500
27/e
—
Ward A
Montgomery
Montreal Light
18%
18%
States
6%
Co
17%
—
2% Mar
Pittsburgh
178% July
Metallurgical
Plate Glass
Pittsburgh
Pleasant
Plough
Jan
10%
Pneumatic
9
3 600
1 % Jan
5%
1,300
..
100
y%
Jun
2
13%
6% July
Feb
-
Inc
Scale
21% July
14
136% July
Power Corp
of Canada
•
—
900
600
3%
Pratt & Lambert Co—
-—*
—
33 A
Belias
National
Hess
National Breweries
7%
Candy Co
City Lines common
Gas
9Ve
Prentice-Hall
Jan
80
—
National Refining
Mar
Inc
Rubber Machinery
National
Steel
National
Sugar Refining
National
Tea
Ltd
Car
*
1
America—
-
—
v7;.'
—
32 % July
35
Gas
Jan
14% May
5,300
11%
Apr
12% July
200
4%
Jan
7% July
Jan
12
1st preferred
4%
Jan
9% July
Jan
7
July
100
24,800
26%
Jan
34
July
700
6%
700
•
100
jV
8%
8%
Common
13% 13%
104
104%
' 1 15% 15 %
13%
Jan
% Mar
Apr
9% July
Jan
8
—
12% 12%
10% 11
81%
82%
108% Mar
Jan
118
Jan
14% July
93%
Jan
104% Aug
11%
Jan
11
360
—
Apr
10%
500
^
25
600
—
10
—
31
6%
7,500
81%
Pyrene Manufacturing
Jun
10 % July
—7
104%
•
5
Pyle-National Co common
July
Jan
114%
—
Timber—(
1 i9o
48%
108
—10
*
-
preferred
$5 prior
Puget Sound Pulp &
Jan
7% Mar
—
Jun
Jan
11
43
Light—
13% July
Apr
Jan
14% July
Jan
13% July
8%
Jun
17
May
July
11%
900
Apr
15% July
23%
400
18%
Feb
25% July
50
8%
Jan
9% July
Jan
13% Mar
—
__
22%
7%
44% Mar
Feb
97/b
Mar
5%
100
100
1st preferred
Puget Sound Power &
J an
12
10
May
15
Jan
--
%
1
•
*
Corp of Nevada
6 %
2% July
Feb
6%
11
23%
•
3,600
—
11%
Jan
Jan
-
12%
12
—
•
1 %
17
Feb
5%
•
common
of
Metals
IfV
1
Gold Mining
Pressed
Feb
17
35
13%
61/4
•
common
National
vi:r
i
12%
12%
•
Jan
28
35
_.
13%
14%
Jun
Aug
2
9%
Premier
10% Mar
16,600
2%
—
•
Mfg & Stores common
100
—
25
•
50c
preferred
National
National Fuel
2% £
•
National
National
2%
1
common
common
16
,
5%
Jan
14
Public Service of Colorado—
16
Jun
2,100
1%
14% July
Providence
sV'.V
121%
3,400
33 /a
1%
18%
Jan
Prosperity Co class B
•
Jun
13% July
Jan
Jan
95
300
--
Jan
N
Corp
63
11
200
3%
9%
25c
$
Jan
Aug
3%
9%
3%
9%
Alexander
Producers
Nachman
Jan
13%
&
Powdrell
11%
64
—
42% July
55%
10
common
Polaris Mining Co
6%
—
..
117%
1
common
Jun
Apr
Jun
Jan
Apr
18
127
■
Jun
High
9%
Jan
7
1,830
60% 62%
11 % 11%
113% 117%
4%
4%
14
14%
62%
.7.50
Valley Wine Co
37% Aug
1,000
37%
50
10
25
Pittsburgh & Lake Erie
Feb
Range since January 1
Low
8%
50
-
7%
19
—
L E RR
&
Bess
Apr
is!
preferred
Pitts
Feb
■
I~2%
common
4% Mar
8%
8%
Shares
Hiafr
Low
—•
Meter—
Postage
Sales
for Week
Range
of Prices
Par
•
,
Pitney-Bowes
15%
6%
IIlOO
Muskegon Piston Ring
May
July
28%
y
Ohio Mfg Co
Murray
Muskogee
July
12
100
~2
6%
;•
2,900
•
Power common.
Mountain States Tel & Tel
6%
~1%
2
DO
.—10
Producers—
Mountain
37%
165
i
Mountain City Copper common
Mountain
19
36%
Heat & Power
Investors partic pra
Mtge Bank of Col Am shs
Moody
Feb
7
190
175 ..176%
Feb
1%
—
.—10
Dakota Utilities
Montana
Last
Bale Price
High
Molybaenum
Week's
Friday
Exchange
Ranfe since January 1
\ ■'
1
Curb
York
New
Shares
10%
Monogram
U
AUGUST
STOCKS
1
Corp
Pictures
ENDING
for Week
of Prices
Sale Price
WEEK
Sales
Range
Last
Curb Exchange
New York
Week's
Friday
FOR
12
'
5%%
preferred
10
9
■
9
12.50
12%
13%
500
11%
National Tunnel & Mines common—1
1%
1%
200
1%
Jun
2% July
5%
6%
1,800
3%
Jan
7% July
National Transit
Union
National
OH
Navarro
Co
Nehi Corp 1st
preferred
•
5
Corp
(Herman)
6%
New
England
New
Haven
Tel
Tel
Si
Land
Arizona
&
Y Auction
Co
N
Y
&
6%
pfd
preferred
20% Mar
104
Apr
Apr.
Aug
109%
Jun
6%
Jan
18%
Mar
13% July
20% July
Apr
64% July
54
Jan
2%
100
Mar
3%
Feb
Mar
35
4% July
3%
28%
30
Jan
112% Jan
50
102
Jan
Jun
14%
Apr
Jun
117
106 % July
17% Mar
14%
500
13
Jan
110% 110%
20
109
May
111
Jan
40
60
May
Apr
75
Jan
'
67
65%
3%
79%
68
79
67
2%
78%
3%
68
5
;
ft
■
2,000
May
Jan
83%
Jan
77
Jan
3l2
1/128 Feb
Jan
300
;
6%
%
Apr
-fo Mar
5%
Jan
6% July
Jan
107% Aug
Jan
10%
11%
100
9%
Jan
2%
2%
2%
1.600
1%
Jan
2%
Railway & Utility Investment
Rath Packing Co. common
7%
SV»
1.300
4%. Jan
8%
Raymond Concrete Pile common
$3 convertible preferred
Raytheon Manufacturing
Red Bank Oil Co
Reed Roller Bit Co
Jun
Light Si Power common—1
preferred—'
•
•
6%
B
Rayon class A
common
11%
"
%
1%
%
8.700
"1%
250
112% 115
115
•
North
American
Northern
Jan
Jan
103
Penn
Texas
79c
100
25
Corp
120
St
Apr
37% July
37
July
54% Mar
Edison
Ohio
$6
Public
6%
7%
*
1st pfd
-100
1st preferred
Oklahoma
Oliver
Natural
—100
Gas common
Overseas
1
-
Salt
Can
Co
1st
common
Pacific
pfd
:
Pacific
Power
Pacific
&
Public
$1.30
1st
Light 1%
•
100
pfd
preferred
w
-
Page-Hersey Tubes common
Pantepec Oil of Venezuela Am
Paramount
Motors
Parker
Co
Pen
•
_
Corp
United Corp common—
Mills
Sanford
Telephone
Pennsylvania Edison Co $5
$2.80
series
Elec class
Penn
&
Power
$6
Light $7 preferred
Penn
Salt
Penn
"I
Co
12
Aug
Schulte
1
v
Jan
Jan
210
104
Jan
108
Mar
140
113
July
116
Mar
Jun
27% Mar
A)
common
4%
4%
23%
3% May
1,300
v
Jan
18%
175
4%
Feb
24% July
107% July
112%
20
112
Feb
115%
40
115
Jan
117
111% 112%
20
108
Jan
113
Steel
Co
*
common
—
Bros Inc
Lock & Hardware
Seiberling Rubber common
Shoe
Selby
25%
27%
-A
Aug
7% Mar
Mar
—
■
Feb
9
6%
H.v
—
27%
8
—
—
Aug
6
__
,
Jan
18%
2,400
-.
Jan
9% July
13
.37.
37%
341
Jan
15%
35
Jan
38
32%
Jan
Electric
Phillips
106% Mar
Sentry
Pierce
Power 5%
20%
180
Jan
Governor
Pioneer
For
Gold
Mines
footnotes
•
Ltd—III
see
page
•
III—
*
I—Ij
common
653.
Apr
3% July
7%
Jun
Mar
Jan
19
Jan
18
Jan
10
May
8
Jan
3%
Jan
600
4% May
i¥z Jan
4%
4% 'T¬
2%
400
"5%
"5%
16,300
8%
4,700
I—II
9
5,200
5%
5
42%
1,400
200
43
18%
/ 4%
Jan
6% July
***
4% Aug
2%
3% July
Mar
100
6% July
10% July
8%
Aug
2%
Jan
6% July
Jan
46% July
32
2% July
Feb
Safety Control
B
—
Shattuck
Mining
Denn
3% May
2%
2%
6,800
1%
Jan
68%
175
50%
Jan
75 •'
34
34
34%
500
27%
Jan
35% Aug
84
83%
86
420
64
Feb
93% July
10%
10%
Jun
12% Mar
100
3
9%
Jan
2%
Apr
3%
Jun
Jan
48%
Jun
iy4
Jan
2% July
6%
Jan
111/2 July
Feb
22
%
Apr
1% Mar
6%
1,600
1
16%
36,000
10%
1%
1
~2%
Feb
10% July
2,400
"2
Singer
200
Jan
20% May
Feb
82
Mar
Sioux
Apr
9
Jan
Smith
6%
6% Mar
9
common
Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord legis—
Feb
Jan
19
15,800
preferred—
Pattern
Simplicity
80
\
~8
'k
Gas & Elec 7% pfd
(Howard) Paper Mills
City
:
20
19%
24
Jan
34
Jun
Solar
Aircraft
16%
Jan
22
May
Solar
Manufacturing
Jan
50
Mar
Sonotone
34%
5%
"5 4
63%
33%
£106%
440
South
Jun
Southwest
7%t
45
original preferred—
25
preferred B
25
5%% preferred series C
25
Southern Colorado Power class A-A..25
Jan
106%
Aug
Aug
161
Mar
169
.
2% Mar
Jun
3%
Jan
150
Aug
Southern
Jan
36
Aug
Southland
Co
Line
Royalty
Co
(A G) & Bros
1st preferred
Spanish & General Corp—
Amer dep rets crd bearer
Spalding
Jan
400
7
8% May
11
250
7%
200
5%
Apr
22%
Jan
32%/ 33"%
900
17%
17 %v
17%
400
9,400
29
12%
1%
Jun
Jan
Jan
8% July
11
33%
8
July
Jan
July
34% July
18% July
3% July
2,600
"3%
3%
1,700
Amer dep
Standard
Brewing
Apr
6
3%
Apr
13%
Apr
Jan
91%
Feb
102% May
Apr
115%
13%
100
3%
200
260%
90
13%
3%
255
Feb
13%
Feb
15% July
Jun
26
13%
Jan
'
Jan
16
32
Jun
Jan
4
July
Apr
2%
229
275
Jan
4% Aug
Feb
2%
Jan
108
Jan
111
16 %
12% Mar
Jun
4% July
4
4%
4,500
2"%
Jan
5%
5%
5%
600
3%
Jan
6% Mar
3
2%
3
6%
6%
2,200
2%
Feb
3%
400
4%
Jan
7% July
Apr
200
3%
400
43
41
41
31%
32%
*
50
Jan
3 % Mar
40
Apr
45% July
28
3%
42
Mar
37
Mar
2%
July
31
43 %
600
Jan
29%
Apr
32% Aug
29%
32
Jan
31%
1%
400
Feb
2
July
Jan
77
July
121
"l%~
Jan
67
"1%
July
130
Jan
5%
Jun
Jan
x8%
9%
200
8%
11%
11%
600
9% Mar
600
5%
7%
1
"
8
Apr
Jan
40
% Mar
1/4
Feb
u
2.78
Aug
10% July
Feb
2%
12
10
10
5
•
•
Co
1% July
Jan
Jan
110%
1,300
101
99
101
4%
1
%
%
4,700
4%
4%
200
3% May
3%
rets oru regis
Shoe Corp
Stahl-Meyer
Inc
Spencer
%
3%
6
England Telephone—100
Pipe
Apr
31
8
3%
New
Phosphate
125
61%
it
U
100
preferred
Southern
150
29%
3%-}
7%
Southern
175
,.
■£
,
Jun
Mar
68
500
'.
6%
Jun
103
94% Jan
77% Aug
12
5%
July
2%
Jan
33%
3%
Line
California Edison—
Pipe
Mar
7%?
29%
common
Oil
Pa
Southern
300
29%
Penn
1
1
1
1
1
25
10
74% July
90
100
3%
/I49
%;' 36
11
Manufacturing common
Jan
200
<1163%
Vb)
11
Co
Corp
South Coast Corp
July
80
%103
63 '•* 64
35
Co
Jan
%
77
Jan
£1
100
•
43
"~X-
"3%
1
100
Jan
1,500
144
5%
Jan
69
6%
•
4%
5,500
~v.& "2%
144
38
Apr
67
50
*
64%
5%
'2$
-
Jan
29
200
5%
July
100
300
32
34
77
77%
u
*
*
common
convertible
$3
Mar
75%
1
1
5
July
77%
77
Simmons-Boardman Publications—
July
6
Co
Silex
Canada
Jun
100
9%
2%
10
25
pfd series AAA———100
cum
July
19
Jan
14
40
25
'
July
15
4 % May
67%
2%
3
Seton Leather common
106% July
96%
60
20%
ifs
20%
A
8
101
"os
pfd
5
Feb
July
14
17%
100
6%
certificates
Serrick Corp class
5
8
Co
Securities common
Feb
900
<9
4%
5
stock
$5.50 prior
109% May
300
104% 106
106
•
Packing
Phoenix
''
6%
*
Convertible stock
Allotment
35% July
1,300
34
106% 108%
105
Pharis Tire & Rubber
•
1
*
1
*
Co—
Selected Industries Inc common
Apr
%
Phlla
2%
„„
Jun
,;_4>
103
Tnfl
II
Jan
10%
25
25
Brook Water Service—
preferred—,.
$6
Scullin
July
3
Philadelphia Co common
10%
Apr
15%
17
18%
Manufacturing
Scranton Spring
Feb
50
163
~
Mfg Co
Perfect Circle Co
3,700
3%
preferred
Convertible
SCovill
15% July
Jan
7%
23
(D
Segal
106%
•
Pepperell
6%
6
1^8 July
108
Jan
Aug
1%
87
300
50
Power Co
—
6%
5%
Jan
5.000
.——2.50
Co
*•—■'
8%
7
14%
•
Mfg
Traffic
Penn Water &
200
3%
43
2.100
25%
• «
preferred
14
,
113% 113%
•
com
14
12
Jan
11% May
*
109% 110
"•
A
50
12%
5
•
"25
"_1
series" pfd" •
preferred
Penn Gas &
105 %
2%
common
•
common
$1.40 preferred A
Pennroad Corp common
%
20
5%
Co
Soss
Peninsular
July
1% Mar
*3%
r
^
Co
l
-
5% July
16
Jan
3,900
"9:,
Oil
115% :116%
I—~~10
HH j
:
Parkersburg Rig & Reel
Patehogue Plymouth Mills
Jan
it
«•'«*
Schiff
109%
——•
shs
3%
4% July
..
Savoy
•
.
13% July
106% 107 %
12 %
6%
Apr
116%
25
Service
Jan
Jan
2% May
li
,
'•mW
5%
227/e
25
Lighting $5 preferred
Jun
2%
26% July
tt May
800
14
Jan
•
—
1st
preferred
44 %
21% July
200
12%
1
1
*
Oil Co
Dome
Samson
5 %
5%%
7,900
3%
it
_
1
Paper common
Regis
Sherwin-Williams of
Pacific Gas & Elec 6%
5%
4%
•
50
$2 conv pref
Shawinig'in Water & Power...
Sherwin-Williams common
Pacific
1,000
26
11
1
4%
14
J
Securities
Apr
3%
300
25%
14%
27%
Omar Inc
Jan
1%
u
11%
*
United Filters B
12%
2,900
"4%
Aug
114% 115
115
."lOO
preferred
Service
51% May
7,300
2%
•
1 %
87
•
common
preferred
Ohio Power 4%%
Ohio
B
Mar
48
38%
2 Vb
11%
Jan
107% 108
107%
4
class
22% July
34%
25 Vb
%
O
Co
Jan
2%
1
Ltd
Lawrence Corp
Class A
Seeman
Brass
it Jan
.42% July
July
15%
■
pfd D
Securities Corp General
Ohio
300
'
1%
11
11
—•
Ogden Corp common
July
Jan
40
.
20
38%
2.100
50
Power class A
States
:
Jan
1%
16
'
5%
1%
5%
$fd_100
Jan
28
52% Mar
1%
1
Public Service 6%
Novadel-Agene
100
5%
preferred
Northern
27% May
300
35%
—5
Oil
Co
RR
Nor Indiana
35%
35%
•
Northeast Airlines
North
35%
35%
50
Utility Securities
Central
35%
•
;
prior preferred
ft
'
M
19%
1
1
Rjferson Si Haynes common—,
St
Class
Jan
—
100
Roeser & Pendleton Inc
*
Rome Cable Corp common
5
Roosevelt Field Inc
5
Root Petroleum CO
——1
$1.20 convertible preferred—
20
Royalite Oil Co Ltd
Russeks Fifth Ave
2%
Ryan Aeronautical Co—
—
1
Ryan Consolidated Petroleum
•
Rochester Gas & Elec 6%
Apr
12%
'
5
1
*
Stix
1%
50
■
1
•
Aviation
Dry Goods
Richfield Oil Corp. warrants
Richmond
Radiator
Rio Grande Valley Gas Co v t c
Rice
IS,700
-
^
•
Engineering
Reliance Electric &
.
common—50o
Republic
1%
14%
Aug
1 Vb
North Amer
North American
A
1%
14%
10
1
10
•
—
Feb
8%
1
-
.
common—
Voting
11% July
105
1
Corp B
Mines
Electric
R
1%
Radio-Keith-Orpheum option warrants.
Railway & Light Securities
14% July
10
2.700
14
11%
Feb
3%
200
ft
13%
65
90
107 y4 107 %
:
14
74%
250
•
■
6%
6%
107% V
—*
•?«
<
2%
27.200
1/128 1/128
-
100
Jan
10
116
14%
—100
_
10% Mar
11%
50
14%
Jan
21%
400
29
Jan
5
Nineteen Hundred
$6
7%
62%
Feb
1,000
105% 106%
100
Niles-Bement-Pond
Noma
2%
14%
10
;
preferred
Class A optional warrants—
*
Class B optional warrants.
Niagara Share class B common
Class A preferred
Nipissing
300
116
100
2d
5%
28%
pfd.100
Niagara Hudson Power cofnmon
1st
Feb
Jan
35
1
N Y State Electric & Gas $5.10
9
Jan
1,300
2%
•
shares
Y Water Service
19%
62%
~37/s ~3%
—10
preferred
N Y Shipbuilding Corp—
"5%
19%
preferred—100
1%
Jan /
July
47%
700
61%
61%
10
Merchandise
Y Power & Light
460
12%
May
11% July
Jan
Jun
9
7%
$6
N
925
-
Rosario
Honduras
Founders
62%
•
City Omnibus warrants
Y
5%
12%
•
Y
N
300
104% 105%
105
—1
common—
N
N
7%
3
25
New Process Co common
N
6% May
9%
18
•
New Jersey Zinc
New Mexico
100
.
157
Apr
10%
July
Jan
8%
61
85% July
Jan
149
*
Jan
88
7%
62V2
—100
•'
Co
common
114
Apr
V
—
71%
!l00
preferred
Quebec Power Co
6%
29% Mar
May
85%
•
•
Clock
Inc
New Idea
-1'
8%
•
100
—
preferred
Jan
110
4%
V
— —
—
*
England Power Associates
preferred
$2
26
10
112
—
•
class A
Nestle Le Mur Co
100
28%
'
112
100
pfd
Neptune Meter class A
New
28%
—
Nebraska Power 1%
Nelson
6%
30o
Radio
Quaker Oats common
3%
200
2%
1%
1%
300
Jan
ft Feb
I
t
6% July
9% Aug
13
July
9% Jun
45
Jao
1% July
1% July
5% Jury
4% Jul*
1%
Apr
THE COMMERCIAL & FINANCIAL CHRONICLE
652
Monday, August 14, 1944
NEW YORK CURB EXCHANGE
1
for
range
Curb
Week's
Friday
STOCKS
York
New
Low
Fir
12%
12%
12%
500
25
25%
1,000
3%
800
2%
•
Tube
26
Aug
Jan
Jan
19%
19
July
114
b
Products
Wihson
3% July
2
Oil-O-Matic
C)
Wolverine
Portland Cement
&
Light 7%
%
Jan
Apr
ft July
Jan
93% Aug
Woolworth
7% Jan
13% July
11%
"
12
54
900
%
A
2%
300
trust ctfsi-l
2%
3%
,
3,400
2%
12,500
%
5
5%
High
Jan
14% July
3
Jan
5% July
10
Feb
1,600
>•/
%
12
July
110
•;
10
6'/a
Jun
5%
--
Apr
6
Apr'
Jun
Jan
3%
Jan
111
*
Woodley
ft July
% May
1%
Jan
V;
pfd__100
American
deposit receipts
Wright Hargreaves Ltd.
12
600
__1
13%
300
>
B
Power
A
15,300
900
'
8%
Low
13
1
Inc
common
Wisconsin
Feb
t
Range since January 1
High
Low
Mar
Winnipeg Elec
Apr
Jan
93%
Shares
•
Heating
17%
n
Sales
for Week
Range
of Prices
•
Co
108%
87
...1
—
B
class
Williams
1 15% May
Jan
(R
100
93%
111
Products Co
Standard Silver Lead
Williams
2,100
8
t
Standard
6
Last
Par
High
18% Jan
Week's
Friday
V.
Exchange
18%
18%
—1
Common class B—
Standard
Curb
110 % 110%
18%
100
(Ohioi—5% pfd
Standard Power & Light
Standard Oil
York
Sale Price
16
.10
(Ky)'
OH
Standard
Low
High
..20
convertible preferred
$1.60
STOCKS
New
Range since January 1
Shares
25%
Standard Cap & 8eal common—— —1
..10
Convertible preferred
Standard Dredging Corp common.. __1
11
Sales
of Prices
Sale Price
august
ending
for Week
Range
l»d
Exchange
week
Petroleum
1
Ltd
<F W)
100
10%
10%
10%
10%
311
14% May
Jan
200
3%
10%
8,000
-
Si
~3U
,
■
11'/a July
7% Jan
Jan
2%
;.
\4% July
2% July
Apr
3%
Aug
Steel Co of Canada
48 Feb
53% Mar
57
Stein
13% Jan
15% Jun
(The) Corp voting
Siarrett
b Co common
(A)
II
preferred
5% 2d preferred
Sterling Aluminum Products
Sterling Brewers Inc
1st
6%
7%
a%
1,000
.50
Sterchi Bros Stores.
50%
50%
25
(J Bi
(6)
buiiivan
300
9
Jan
12
July
5%
100
3%
Jan
6
Jun
2%
1,000
1% Jan
14%
175
8% Feb
% Feb
13
—
n%
12
& Co new common
"12%
1,750
xl3%
Drug Co
Ray
10%
2%
York
Curb
Week's Range
or Friday's
Friday
BONDS
New
18%
18%
900
15%
15%
15%
200
—
2% July
16% July
1% July
;
14% July
11% Aug
.t
.17
Exchange
Last
Interest
.15%
9%
■■■■■■'a/'v
''v'C■.'o;;
American Gas A Electric Co.—
2%s e t debs———1950
3%s b i debs
1960
Jun
15%
Jan
14% Aug
Finch Oil Corp
.
Apr
11
Apr
May
3%s
Amer
deos
f
s
Pow
&
/
■
High
Low
Low-- High
No,, '■
7
105
102%
$103% 103%
—
108%
13
106%
109%
101% 102%
50
101%
104%
$106% 106%
—
MS
J-J
106
109% 109%
J-J
2016
deb 6s
■
J-J
1970
Lt
>
Range Since
January 1
Bonds
Sold
Sale Price Bid <& Asked
Period
.
20% May
May
12%
Superior Port Cement class B com—
Swan
/;'
'
Machinery
Sun
Jun
5%
Corp
(Hugo i
Stroock
Jun
Apr
15
10%
.1
Co common
«u>nnps
9
52
Jan
5
12
lnc
Stetson
Jan
43%. Jan
.20
2%
Sterling
Jun
101%
'
Writing Paper 6s
Appalachian Elec Pow 3%?
Appalachian Pow deb 6s
J-D
100% 100%
5
1970
J-J
109% 109%
9
107%
109%
2024
A-0
125
3
124%
128
Arkansas
1956
J-J
103% 103%
9
103%
106
34
Amer
Pr
Associated
Taggart Corp common
—
...1
Technicolor Inc
Texas
Power
Texon
Oil
Tilo
Co
&
Tobacco
Tobacco
Exports
Security Trust Co Ltd—
dep rets ord regis
...
Amer
dep recs def reg
Todd
6%
Trans Lux
Feb
11%
3,000
6%
Jan
11% July
7%
1,100
1
Jan
9% July
"4%
200
3%
convertible
60
Jun
Feb
deb
4%
Jun
70
72
69
58
Feb
106
July
113
1%
..10
21
1%
3%
1,600
21%
3,900
20
1
n
....
1,400
Jan
u
3
May
18%
&
u
Jan
Mar
9% Mar
.111
"7%
preferred
700
12%
12%
7%
12%
400
80
4%s
4
10%
Feb
Jan
25
24
25
81
23
29%
F-A
25
24
25
79
23
29%
A-0
25
23%
25
98
22%
5%s
1977
F-A
25
24%
25
11
22%
29
85%
97
deb
Assoc T & T deb 5%s A
1955
without
Bell
M
5s
5s
warrants
1947
J-D
—1957
series B
series
C
J-D
—.—I960
Steel
Bickford's
6s
2%s
Power
worthern
111
El
&
Gas
5s
1964
5 A Chicago
Ulen
Realization
Corp
Manufacturing Co..——10
Union
of
Ops
Canada
Aircraft
United
Chemicals
$3
United
$5
Products
1st
$7
•
1st
class
B
preferred
$3
•
Amer
df»p
rets
ord
United NJ RR &
United
Canal
Sharing
preferred
United
Shoe
Preferred
23
United Specialties common
U S Foil
U
S
U S
Graphite
and
$5
-
1
U
S
Wall
Universal
Class
Paper
2
Oil
•
•
Pictures
R°dio
1
common
Jan
2% Mar
xll4
1,300
57%
'
July
3
Mar
121%
Jan
71/4
4.800
Federal
Water Service
■ft Jun
50%
Jun
63% Mar
Gatineau
General
Apr
39%
Jun
Feb
93
Apr
Feb
4
263
-Jun
%
900
Power
Pub
265
Feb
Alden
Glen
July
§AGobel
Coal
73%
.
;
625
Jan
Grand
Jun
Great
Nor
Green
447-3
220
,
9% July
Guantanamo
71/4
8
July
Houston Lt
11
July
Jan
5%
2.100
Jan
Feb,
9
91/2
50
n/4
600
%
Apr
1%
Petroleum
250
78%
Jan
91%
Jun
41/4
1.800
iya
2%
y
600
300
3i/„
3%
6.300
J3
131/
2%
Jan
Jan
%
A Apr
2%
4%
Jan
Feb
7
Jan
1%
20%
21
~2%
~27/8
4
541/.
541/.
nif
°l/2
55'
p2%
i7/8
425*
83yB
3%
2,000
47
26
Jan
Jan
Jan
Feb
Jan
61
& ref
9%
9%
.Vv:.
12%
lien
103 7/a
98%
103%
Af-S
J-J
Wagner Baking
" _7
»
nnr
7%
7%
nrpf^rt-oH
preferred
Waitt
Bond
voting"trust
'u"u5 nu«H»
A 7s
8% July
(Dec
Feb
11
Knitting
Va
11
400
Feb
&
1.25
preferred"""
Coke
Wtsrern Air Lines Inc
"
Western Maryland
Ry 7%
Western Tablet &
series
1941
$102
A-O
105
105
Af-S
105
105
Af-N
J-J
100
100
F-A
100
101%
1970
M-N
Westmoreland Coal
Westmoreland Inc
Wevenberer Shoe Mfg_II
footnotes
1
ZZZZ
Corp..
see, page
I
653.
"
18
18
5%
200
1,300
1955
1955
100
~9%
_9%
9%
120
~9%
3,000
9%
120
200
.
20
Feb
coupon)
Power
5s
J-J
J-J
196b
J-J
1965
Af-8
1966
Power
3'/2S
1970
J-J
1966
Radiator
&
1948
Edison
4s
E
G
series
Midland
1st
1965
18% Mar
4%
to
Light 4%s
Jan
28 %
16
Jan
8%
8
Jan
Feb
May
5s
20 %
Aug
10% July
10
Jan
35
33
78
88%
96
69%
18
77%
1
287/a
36
23
106%
109
106%
107
120
122
111
112%
$105% 108%
—
1
121
121
—
$110% 114
■■■■■'■
$108
'
107
109%
106
4
107% 107 7/a
107%
60
32%
107%
108%
'■
108%
102
99%
102
J-J
$100
110
107
110%
102%
101%
A-O
104%
104%
106% 106%
1945
63%
103%
69%
106%
106% 107%
20
106%
108%
103 %
103% 103%
2
103%
106
M-3
1948
J-J
1947
M-3
7
105
108
102% 102%
6
102%
104%
101 % 101%
4
100%
101%
6
108
111
1
116
120
111
113
105
101'/a
105%
109
109
'118
118
"
A
Amsterdam
Gas
5s
England
England
Power
3'As
Power Assn 5s
5%s
Af-N
86%
J-D
1950
5s
$110% 111%
'
1948
deb
Debenture
62%
Af-S
2022
series
16
3-D
J-D
Power
66%
196?
1981
New
33%
25
106%
F-A
New
23
?!' v''
95%
107
J-J
Conv
35
22%
32%
32%
J-D
Ltg 5s
4%s
5s
.
33
25
1978
New Eng Gas & El Assn 5s
21% Aug
23
33%
21%
1
5
$106
1945
New
200
109
31%
Af-N
1957
10% Aug
July
225
101%
25
1963
Petrol 6%s
at
ref
&
Nebraska
138
300
101
93
2
36
67
69%
107%
Af-N
~
1955
6s
20 %
104 %
93%
94
95
F -A
1971
Nassau & Suffolk
10 % July
27 %
10
'
Valley RR—
Extended
Jan
20
7 ■
Mfg—
stamped
Middle States
Apr
26
100
$32%
■
5% July
111% July
Apr
-J
-
>
""'■*"
■«.—
A-0
Gas
Jan
n:s9y-
35
32
J-J
P & L 4%s
7%
105%
102'/a
30%
M-3
1969
Light 3%s
Minnesota
84
107%
103%
3
106%
32
J-D
-
2022
&
Milwaukee
5%
105
j;24
run
105
105A
31%
1952
2% July
18% Mar
Jan
■
30%
J-J
1957
6s
Electric
$31
•
1952
1941
Feb
Jan
.oD
j"!
32
1952
F
(July
Jun
3%
^
$107% 109
—
Kentucky Utilities 4s
July
21%
8
101%
102
102
^
30%
Kansas Gas & Electric 6s
4% Aug
11% July
21
8
105
J-D
F-A
1957
97
15
••
1
104
•V:-'1
Mississippi P & L 5s
5%
sir'i if*
104% 104%
coupon)
20%
108
lst~pfd"
com
5%
111
$103% 104%"
1957
Jan
•
Ills
""
Stationery
Wichita River Oil
7%
106%
A-O
coup)
1941
14%
18
Manufacturing
Coal
.•
75
1
A-O
15% July
May
102%
64%
1949
!
1
94 % May
%
102%
1
107% 107%
J-D
Kansas Power
3% July
Feb
104
108%
107%
68%
68%
1963
E
(Aug
Interstate
Jun
Jan
112
103%
102%
$99
1958
3%s
101
4
107% 107%
1950
L
100
'"
103
1957
B
5s
1%
West Texas
Utility $6
For
:
mo
15
1953
A
C
series
A7s
48% July
11% Apr
3
1,700
"
V'entworth
West
ert
claad A
Class B
Wayne
ctfs
CUS
4%
12
Jan 1949
5s
&
P
Metropolitan
3%
112
$105% 107
107%
104
■'
103% 104
112
103%
J-J
.
1968
ref 5s
series
A7s
4s
4%
$—'*" 63
t-
J-D
1958
103
103
mmS+.s- J
Light Corp—
series
6s
A6%S
6s
Co__
106%
100%
12
1953
6s
ser A
&
97%
101% 102%
3-D
Jan
&
A6%s
McCord
Aircraft
82
99% 100%
99%
M-S
","r
A 7s
w
Waco
106%
103
107
$105
101%
1963
•
Feb
8
900
124%
102%
international Power Sec—
Mar
8%
2,900
11%
104%
123
9
101
3%
5%s series
Indianapolis
2% July
83%
ref
&
1st
3% July
27
101%
130
102% 103%
F-A
B
1st
28% July
Jan
1%
50
27
102% 103%
$124
102%
1
Kansas
3
101
1
Altallan Superpowei 6s
Jersey Cent Pow & Lt 3%s
47--
93'/a
104%
1950
West
&
Power
1st
14% May
13% July
Jan
74%
99
330
99% 101
99
1941
& Pwr 3%s
series
6s
4% July
225
83y2
90%
103%, 103%
Pow
Hygrade Food 6s
22% Aug
1%
2
J-D
1950
Service
Feb
200
105
98%
98%
J-J
J-D
stpd
Indiana
Jan
4
2.300
2
A-0
5s
July
51%
2,100
Power
Hydro-Elee
2%
1.600
"2%
9%
125
1965
4s
Indiana
18%
25
West
Jun
20
3,000
22%
Trunk
Illinois
4% July
2% Aug
20%
43/8
20%
1
104
'v
119
■
1%
,■
200
22%
11*
Manufacturing
123
103% 103%
Af-N
.1953 ' f
5s__
Grocery Store Prod 6s
Jun
87%
3
108
102%
1978
5s
4%s series A
Mountain
:_';/'42:C 'Jun
77% July
44% Aug
69
.
Af-S
1969
A
4s
(Adolf)
%
7%
6% Mar
100
12
47
.5
104
$121
M-S
1954
5%s
3%s
Serv
4% Mar
7%
.
1956
1952
5s
Lake Superior Dist Pow 3%s
Vogt
104
A-0
AGeneral Rayon Co 6s ser A.—^.1948
6% July
%
1
110%
105%
$106% 107%
A
33/4
5
preferred
5s
ft Jan
Feb
\i/0
"
5s
RR
El
Georgia Power & Lignt
91/2
~~
Light
&
District
86%
""3.%
&
Water Lt
Empire
33%
g7/8
"2%
Power
Elmira
Va Mar
%
12,100
__
1
common
nonvertiole
.1954
& Mar
2,100
%
Apr
May
18
V
$4
110%
City)—
4%s
Debenture
VenezutJan
1
J-J
103
44
__
Valspar Corp
(Bait
119
109
8
110% 110%
J-D
F-A
900
Jan
Feb
1%
13.400
1
$5.50 priority stock
Gas
Gen mtge
3-D
1978
Q
ser
2030
44
10c
common
Consolidated
2%s
Electric
j3/4
•
Products
1971
..1969
N
mtge 3s ser P
101
•
Light $7 preferred
series
Af-S
5
_
Sugar
Utility Equities
ref mtge
116%
$124
1956
72%
10
Products Co
Utah Power &
ref
1st
3
•
104% 104%
104%
.
Eastern Gas & Fuel 4s ser A
10
Insurance
Universal
Utah
•
B
Universal
1st
.
98%
50o >
Cooler class A
Utah-Idaho
3'As
25% July
64% July
A
(Bait)—
103%
__
1
common
Consolidated
Universal
68% July
11% July
7s
Pr
F-A
'
~iy4
Universal
&
3-D
.
87
Reclaiming
104%
Pr
1958
"
•
Rubber
98%
Af-N
&
Lt
1944
%
•
United Stores
United
•
Securities
U S Radiator common;
A-O
1951
5s
Lt
Gas
Cuban Tobacco 5s
%
5
common
International
1969
Debenture
Continental Gas & El 5s
54
preferred with warrants
1st
104%
Jun
%
1
Co class B
106
97%
,99%
Feb
7
.
98%
18
Jun
_.
'
131
103%
A
i7«
10
25
103%
103
18%
25o
Machinery common
"4
103
El
90
100
Prolit
10%
103% 103%
103%
A May
_.
_.
105
103
17% July
70
•
regis
104
104%
F-A
300
is/8
57
79
101%
A-O
Connecticut
Ltd—
Co
Af-S
3,200
xll4% 118
•
participating, preferred
Molasses
-
62%
1
100%
1958
Jan
%
'%
•
.
219
$104% 105
90%
&
•
73%
71
73
102%
17%
„
United Milk Products
United
1%
114%
98
1950
5s
Consol
Jan
16
1
37
1
102% 102%
A-O
90%
•
53
146
5s
Feb
95
52
36%
80
52
107
5s
Jun
Jun
80 Va
103 %
deb
Service
7%
1% Feb
35,000
J-D
103'/a
99%
105%
51%
50
100%
171/4
a3a
__
17%
&
warrants
Common
2%
2
•
United Light & Power common A
$6
2%
20
preferred non-voting
3% July
59
warrants
United Elastic Corp
United Gas Corp common
May
1047/a
101%
100% 100%
52
M-S
1966
49
•50%
J-J
1955
108
101'/a
65
101% 102
M-S
1927
105%
$106% 107%
J-J
1952
B
7%
7%
1.500
*
1
Debenture
5% July
14%
9
..
10c
Stores
preferred
uorp
8%
^
•
Prior preferred
Option
8%
*
pfd
Jan
4% Aug
5% Feb
k;
300
66
1
common
cigar-Whelan
United
6.500
ga/4
Jan
2%
700
5
100
& participating
cum
4%
.
3
41/4
g3/4
.
•
Union Stk Yds of Omaha
United
2%
—10c
Unexcelled
2%
7.200
J-D
115%
150
11
an:*:
102% 102%
Af-N
stpd—1953
Rys 5s ctfs
series
108
101% 101%
101%
3-D
'
'
1954
Conv
5%
'
1948
A5%6
Central States Pr & Lt 5%s
108
A-0
..1953
3%s
$155
180
120%
150
$119% 119%
M-8
1970
113%
119
16
114%
114
>
Q-F
1962
1968
§ACentral States Electric 5s
1% Mar
Cities
4%
'
109
107
8
103
$100
Af-N
1998
Inc 6%s
Edison
Central
U
5%
108
Telephone of Canada—
Boston
13% July
i
MS
29
Avery b Sons <B. F.)—~
Canada
Jan
21
95% '97
97
M-S
Atlantic City Eiec 3 %8——1964
1% July
Jan
91%
29
J-J
Birmingham Electric 4%s
10% July
9% July
79%
23
1968
6s
1
25
1949
Cincinnati St Ry 5%s A
Udyllte Corp
91%
25
1950
4% July
24% Jun
.
91
25
5s
Bethlehem
July
109%
115
Apr
800
3%
3%
1% July
10
'•
113% 113%
91%
M-S
AConv
12% July
Jan
150
__
tzC'
.■
.100
j-j
1948
AConv deb 5s
1st
Feb
1%
101%
Co—
Jari
9%
..
...
Tung-Sol Lamp Works
AConv
99
2
1953
Elec
&
4%s
5s
...1
warrants...
Mar
4%s
Gas
deb
125
ADebenture
May
Jt23%
5s
AConv
6% July
10% Aug
4%
...1
of Nevada
119
r.
7
•
Inc
80c
19%
lm.„' J.
57%
•
...
Transwestern Oil Co
Trunz
10%
10%
—
.100
preferred
Corp
Tri-Continental
'•
"
....
Shipyards Corp
Edison
Apr
•
7 %
preferred
Tonopah Mining
7%
500
•
Amer
Toledo
Mar
•
Stocks
Product
10%
Jan
6
200
Lt
Elec
JAssociated
24% July
Jan
114%
•
6%
10%
10%
...1
Allied
Tobacco
12%
Jun
25% Aug
"
& Construction.*.. ...1
Realty
6%
Jan
Feb
23%
5,700
6%
...5
common
5
100
V-": —'
...2
Roofing Inc
Tishman
22%
100
25
21
II60
pfd
Light 7%
.1
Shovel
25
22%
common
b
& Land Co
5%
5%
'
"
—
Textron Inc
luew
5%
•
Tampa Electric Co common—
&
1961
1961
M-N
:
86
86%
36
72%
88 7a
85%
86
86%
17
72%
88%
85%
86%
121
72%
88 %
107
110
109%
4
1948
A-O
102%
101% 102%
76
95%
102%
1954
J-D
103%
102% 103%
18
97%
103%
109 %
109
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4307
160
EXCHANGE
NEW YORK CURB
RANGE
Last
Interest
Curb Exchange
Low
N
Y
Westchester
&
Low
Hiah
Jf-N
1964
2004
Lte 4s__
5%s series A (8%
redeemed)
•!;■
82
12
87%
87
87
107%
United
Electric
Light
City Rapid Transit
J
J-D
.1952
5%s_
.1949
4s
1st
1
Public
Ohio
1945
1968
1971
3s
mtge
Service
M-N
J102'/2 103
A-0
~2
S~3
110
106%
105%
108%
$107
109%
F-A
105% 105%
1948
F-A
$103y8 103 %
102%
104% 104%
High
96%
101%
5
110'A
111'A
A-O
104' /
.103
■
1952
F-A
2022
dsbs
1954
u-s
Ry & Elec 4s
1951
*./
M-N
3-d
A
1
102
108%
102%
106%
113%
23
104
.
115%
+••>■■■ t.
V
2
.114
114
.
Utah Power & Light CoDebenture
105%
series A
6s
115% 116
2
-
.
111% 116
104%
103 Vi
Low
19
106% 106%
A-O
series
January 1
,
110'A 110%
.1959
(Delaware) 5'As_ 1952
Light & Railways (Maine) — r
United
6s
108
105%
109% 109%
109 3/4
A-O
104%
1962
4s
Water 5s
Oklahoma Power &
1
102%
Range Since
Sold
NO.
100% 101'A
101%
J-D
v
Bonds
High
& Power Co—
& cons 5%s.
1st lien
.95%
N
United Lt & Rys
Ogden Gas 1st 5s—_
Ohio Power 1st mtge 3Vis
Week's Range
or Friday's
Last
Sale Price Bid & Asked
Low
Twin
104 %
1103 Vi 104%
j 'J
Friday
Interest
Period
111
108%
5
109 y2 109 %
J-J
1948
'
Curb Exchange
High
Continental Utility Corp—
North
York
January 1
No.
New
Range Since
Sold
United
Gas 3"As
N Y State Elec &
Bonds
Sale Price Bid & Asked
Period
11
AUGUST
ENDING
BONDS
Week's Range
or Friday's
Friday
BONDS
York
New
WEEK
FOR
651
.
Waldorf-Astoria Hotel—
Pacific
1955
Central Lt & Pwr 4%s
Penn
1st
5s
J-J
1977
Light 5s
F-A
1964
M -N
1979
&
Power
Park Lexington 1st mtge 3s
M- N
Pennsylvania Water & Power 3%s_1964
3Vis
1970
1972
1962
Elec Power 5Vis
Rapid Transit 6s
Philadelphia
Philadelphia
104%
55
;»
104%
$106
107
F-A
$107
117
106
109
108%
108
108% 108%
M-S
Portland Gas & Coke
5s
Edison
4 Vis
Power
A-O
1964
1949
mtge 3Vis
Sinking fund deb 4s
1st
of
Service
M-N
107%
100%
5s
M-S
■;
.;V
;
New
107'A
52
105'A
109%
117% 117%
1
114'A
118
■107
117%
6s
conv
debentures
f
s
94%
1959
94'A.l95
...
3-d
1937
1947
Rys Co 5s stpd
J-D
17
106%
J-D
104% 105 %
105 %
32
103'A
137%
981/4
J-D
110 Vi 110'A
1
1091/4
113
1952
M- S
127
128
1951
J-D
82
1951
Shawinigan Water & Pwr 4Vis—.1967
1st 4%s series D
1970
A-0
$90
A-0
105% 105%
A-0
$io5y8 1051/2
—1947
J-J
$105
108
1957
J-J
$106
107%
3s
1965
us
3 Vis
1970
A-0
Joaquin Lt & Pwr 6s 3
ASchulte Real Estate 6s
Scullin Steel inc mtge 3s
Coal 6s
Wyoming
5s
Power
Edison
Southern
California
Southern
California
Southern
Counties
Gas
Gas
$126% 129
L
&
f-a
M-3
101%
m-n
89%
.
F-A
105
106
104
106 Vb
109
103%
86%
106%
108%
—
•
'
—
:4 1
101%
104%
83%
28
91'A
May 1948
May 1948
1951
Dec 1 1966
98%
97 %
98%
75
86%
98%
a-0
98%
97%
98%
34
82
98%
f-a
98
98
1957
f-a
1957
f-a
1950
a-o
1946
6s
6s
a-o
j-j
6s
AStarrett Corp inc
6s
5s
.
•59
86%
22
86%
42
86%
98
11
86'A
3 43
48
56
30
/
stamped
A7-4s 3d
of
ACertificates
deposit
19
{
I-;-
■
20
1958
1951
3-d
$27%
1947
1947
1931
m-n
$39
a-0
"$39
Mortgage Bank of Chile 6s
Mortgage Bank of Denmark 5s
1972
3-d
1958
m-8
1959
j-j
1919
j-d
1921
j-j
AMaranho
'7s
7s
stamped
Mortgage Bank of Bogota—
A7s (issue of May 1927)
(issue of Oct. 1927)
A7s
(State)
A Parana
7s
6'As
Janeiro
de
A Rio
—
40
36
20
40
41
16
17%
58
78%
33
41%
15
34
43%
v.'-*'
41
40
•'
3
78%
41
51
28%
; 33%
—•
;
77%
77%
2246
18
i\,['
v
'
$i6
21
17
34%
r:>.
'
3-d
79%
193/4
29%
(Peru)
City
AMcdellin
/.j' 16': "j
•
V
'
6%s
Government
ARussian
AS'AS
20
20'A
26
Water
Toledo
.
Service
5s
;■
)
v
3 Vis
Edison
4
26
25
26
-
' "!
1960
1956
2022
1979
1968
5s
Power
a-0
6%
.
7'A
50
3%
8%
6%
-
6%
6%
7
18
3%
8%
10
106'A
j-j
106
U-H
106
105% 106
j-j
119
f-a
j-j
r-.—
105,;
§Reported In receivership.
108%
1
Odd-lot sale,
Under-the-rule
OiVV-V
week. /';
n
(
|
;
:
.
„
*
certificates of (leposit; "cons," consolidated; "cum," cumula¬
"M," mortgage; "n-v," non-voting stock; "v t c," voting trust certificates;
"ww," with warrants; "xw," without warrants.
119
105%
tive; "conv," convertible;
107
•/'
e
Abbreviations used above—"cod,"
117%
101%
2
105
$104
108% 108%
sale,
$Friday's bid and asked prices; no sales being transacted during current
*'/■/ A Bonds being traded flat.
/
'
*
104% 106%
11
119
119
A'-
•
Cash
d Ex-Interest,
value,
a Deferred delivery sale,
xEx-dividend.
•No par
r
1946
A
series
6s
Tide
$16
19
a
& Light 5s
Powei
Texas
•' i -^ '■
'•' /
•
Electric
Texas
j.'
82
.
30
20
3
—
(Hugo) Industries—
7-4s 2nd stamped
•'
j
42
Stinnes
,
82%
$80
•'
26
62
8
55
16%
//'j'' 1.
vi
J-J
1952
80%.
/
48
29%
f-a
25
57
54
V.
•>—*-.•
,
24%
24%
m-n
High
51%
60
A1/;.-''
80%
j-d
Low
2
/jj
—
$18
98
27
47'A
$61
j- '
$40%
98%
97%
.V:./;;---.
January 1
:
no.
61%
ms
98%
98%
J-J
1953
5s
61%
61%
Range Since
Sold
(Hugo) Corp—
Stinnes
1
100%
Bonds
High
m-n
98%
98%
97%
98'A
98%
98
j-d
Week's Range
or Friday's
6'As stamped_1958
ALima
A
(stamped)
6s stamped
gold debentures
Standard Power & Light
Extended
104%
72%
a-o
Vis..—.................1955
5
Danzig Port & Waterways—
A External 6'As stamped
7
89%
Agricultural Mortgage Bank (Col)—
A 20-year
7s—
April 1948
A 20-year 7s
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1948
Danish
—
101% 101%
89
105%
107
108%
$107
"V".'
1053/4
105
85
84'A
93%
104%
24
Last
Sale Price Bid & Asked
82
103%
——
Friday
Interest
Curb Exchange
Low
103%
6
York
New
Period
861/4
90%
$104% 105 VA
j-j
1989
8s
Conv
Debenture
;
103%
73%
% $107% 108%
1951
1970
2022
Spalding (A G) deb 5s
Standard Gas & Electric—
Debenture
"I
82
105% 106'A
106'A
1971
Rys 4s
Southwestern Gas & Elec 3 Vis
6s
.110%
(Calif)—
mtge 3s
Indiana
142
BONDS
San
P
100
96%
152
5
Southwestern
97%
96%
3
105%
X
102% 1021/2
1st
85
2
99%
109
A-0
Southern
J:;'.,
99%
99%
V:
99%
108%
108
.108
1952
—1979
A
Safe Harbor Water 4Vis
series
Carolina
13
J/99%
.3-d
112
18
97%
142
South
J
109
110%
111%
923/4
97%
97%
M-N
Sheridan
45%
105
108%
i
Jersey—
perpetual certificates
Queens Borough Gas Si: Electric—
6%
5Vis
6
103
106
108%
5
106 y2 106%
$108y8 108%
J-D
24%
129
$109'A 109%
J-D
5s
Traction
Penn
lAYork
$10iy2 102
106%
•
105% 105%
A-O
1960
A; 42
40
.
of Colorado—
Public Service Co
Public
J-J
1956
1961
1959
4Vis B
(Can)
Corp
1950
P
series
2030
Co—
E
5s
Penn Electric
West
AStamped 5s
extended
stamped
1964
42
,
Western Newspaper Union—
t
Potomac
income
Wash Water Power 3%s
West
108
106%
108
$106y2 109
A5s
Wash
109%
106
,$107
J- J
107'A
105%
105% 106'A
106 Vi
J-D
55%
40
55
111
"wi," when issued;
OTHER STOCK EXCHANGES
RANGE
FOR
WEEK
ENDING
11 *
AUGUST
-.Sir-■■■
Friday
Baltimore Slock Exchange
Week's
Friday
Last
■
Sale Price
stocks
v
t
c
Commercial
Credit 4%%
Consol
E
Gas
4%%
L
15%
pfd
Calumet
Shares
Low
14 %
475
163/a
•
100
100
1.50
1.50
1.55
10'/4
10 %
10%
874
105'/4 105'A
47
High
18
Apr
7
11
Apr
105'/4
Copper
6%
105V4 Aug
Aug
preferred
100
115
115
115
136
July
43
Jan
Eastern
Fidelity
Co—i
Deposit
&
Fidelity & Guarantee Fire Corp
20
10
100
Preferred
Amsterdam
30
30'A
57
60
60
///J'
85%
16
81
Jan
253/4
50
24
Apr
45c
Feb
35
Jun
333/4
Jan
49c
37%
Bank
20
37%
National
3.55
2.00 May
49c
200
373/4
236
37%
22
90
26'A
,
55c
General
*
1
Jan
Isle
July
5%
Bonds—
1975
5s
62
$12,000
1975
1951
A
series
5s
61%
68
69
51
100
100
1,000
Jan
64% July
59%
:
6,400
Jan
70.
100
100'A July
Aug
5%
Jan
175
56%
Jan
69
115
32%
Jan
39% Aug
230
4'A
Jun
6% Mar
103
78
19
:
'
12%
10
Service
Tunnel &
Cos—
Sale Price
STOCKS—
Alles
Fisher Inc
&
Tel
American
—100
& Tel
162%
162 >
Mining
&
Son
Boston
&
Boston
Edison
Boston
25
44%
163%
2,183
29
60
155%
July
Feb
Jan
164% July
Stone &
1%
112
7%
559
24%
Feb
28
16%
25
113/4
Jan
163/4 July
115% May
36% Aug
Apr
July
36
114
36%
207
96%
Jan
2,851
32%
Jan
683/4
224
66'A
Jun
•
Corp
class
8%
class B 1st pfd stamped
class D 1st pfd stamped
&
For
112
23%
233/4
70
19
Jan
200
A
1st
pfd stamped
39%
39%
208
26
Jan
110
Jan
Providence RR
footnotes
see
page
100
6%
7
65
50
100
100
659.
6%
7
6%
30%
Jan
30%
31
282
31.18
33% May
1,182
7%
542
,
-
-/
Jan
Jan
8%
Jan
42%
j
Jun
!
!
4'A
4'A
110
3%
Jan
6
Feb
<
30'A
56
220
23%
Jan
70
47'/a
Jan
—.
30
56
55%
10
10'A
16
7c
•
—
105
38c
—
29%
?
16
7c
7c
28%
1%
%
11
__
1%
13%
Jun
May
Feb
15c
2
Jan
July
200
1
103%
Apr
109%
Jun
630
30c
Jan
46c
Mar
36%
29%
208
25 3A
Jan
40% Jun
455
25%
Jan
31% July
1%
500
86c
Feb
50
11
93/4
Jan
Vb Mar
1%
200
13 % v
225
12'A
100
143/4 Aug
14%
11
9%
11/'"
538
33%
33%"
377
73/4
32
Jan
Apr
May
23%
Apr
2'/a
12
Jun
Mar
1% July
15
July'
14% Aug
11 Vb July
36
Mar
28% July
28%
28
15%
15%
15%
109
12%
Feb
17% July
85
84%
85%
475
753/8
Jan
88% July
72%
69'A
Jan
78
48'A
73'A
50%
400
10
250
403A
122
12'A
12%
101% 103 %
100
Feb
Jan
122
5
5
•
Machinery
common
RyjCo.^
28%
•
100
System Inc
-
*
60
28%
120
12'A
—
Feb
Boston
■
Inc
&
Maine
mtge 4%%
110
80
10%
Jan
213
91%
Feb
RR—
series
A
1970
57%
'
17% July
229
1%
1%
104% 105%
35c
38c
36
5c
2,700
58
•10% July
Feb
11%
207
136 % Mar
Jan
7
240
10%
15%
33
53%
July
jun
Aug
12% July
107%
Jun
62%
Apr
BONDS—
Feb
•
Jun
25
Drill
Westlnghouse Electric & Mlg
9% July
Jan
2'A
—
•
Rubber
Waldorf
;
•
4% July
__
Vermont & Mass
,v.t •
Jun
Co
Shoe
,
Jun
8% Mar
5
5
28%
S
13%
Jan
1
Jun
39% July
Feb
*
Drug Inc
U
43 % July
34.53
Feb
2%
1
Twist
United
42% July
4
100
35%
36
Apr
29%
100
United Fruit Co
74'A Mar
24% July
68%
pfd
Webster Inc
Union
Maine RR—
&
prior preferred
Boston
36%
68%
100
5%
10
114
Aug
100
*
Association
Torrington
9% Mar
8 3/8
26%
Mach
Trask
Spencer
45'A Aug
100
Elevated Ry.
Boston Herald Traveler
Boston
.100
Albany RR.
14
230
50
25
Co
Rutland RR 1%
Shawmut
8
Jan
16%
Inc.
Jan
1%
•
—
Hole
United
Bird
8%
32%
3%
•
RR
Button
Reece
High
Low
4%
100
8%
—50
Anaconda Copper
Jan
700
"
25%
«
Woolen
American
7
43%
100
32%
1%
1%
100
2.50
Mills
Quincy
Range since January 1
Shares
High
7
l
12%
Jun
for Week
of Prices
Low
Par
American Sugar Refining..
Range
Jan
31%
3%
-1
1
England Tel & Tel
North Butte Mining
Last
8'A
28%
—
-1
Mines
New
Friday
21% Mar
Jan
13
10
—
5
National
Pennsylvania
Aug
810
31
14
C
Feb
78
45
100
*
Linotype
Narragansett Racing Assn Inc
Pacific
105
Jan
100
preferred
National
Sales
Jan
54
385
11%
•
Week's
92
100
-
5
common
Nasb-Kelvinator
Boston Stock Exchange
Mar
•
(Del)
Mergenthaler
July
7 'A Aug
260
40% 42'A
34.08 34.08
373/8 38%
11% 12'A
—
—15
Copper
Corp
—
•
Co
Maine Central RR common
Baltimore Transit Co 4s
—
•
Royale Copper
Kennecott
Lamson
37% Aug
17'A Mar
5 Vb
31
12%
—
.
—
Gillette Safety Razor
July
7% Feb
Feb
39%
11
1
Capital Corp.—
General Electric
Feb
Jan
41
i
19
__
—
•
common
103
76
19
—
First National Stores—
Mar
High
May
13%
20
,
•
Range since January 1
6
55
6%
5%
-100
100
10O
Association
Group
—
J
68
6%
__
.
//
/
/••
t
i;
Low
63A
14%
67%
39%
100
Engineers Public Service
May
85%
50
Western
32
Inc
Lines
SS
Employers
Jun
90
50
25c
Oil
46%
Jun
3.25
Co
American
60
253A
85%
Jan
150
Aug
29%
1
3.25
2
Casualty—
46
Fidelity & Guar—
North
U 8
46
30%
46
Monongahela West Penn Pub Serv—
7%
preferred
25
Moore (Tom) Distillery
25
Mt Vernon-Woodbury Mills com
100
New
-»
Ry com
Mass Street
preferred B
5% pfd adjustment
115% July
Jan
10
115
137% 137%
6%
67%
Shares
i
■
/v. -i\. : •/,/:
.
High
6%
13'A
100
100
1st pfd series A
6%
—
:./*
/
Associates—
prior preferred
Eastern
-
—.
*
Gas & Fuel
4%%
Jun
July
i
Co
Range
Ea&tern
Jan
2.15
1.00 May
I 162
'
Service
Cities
Range since January 1
High
of Prices
Low
5
1C
Hecla
&
6%
preferred B._——
for Week
Sale Price
Power—
&
Sales
Range
Par
tor Week
16%
Week's
Last
/
Sales
—*
!
Bait Transit Co common v t c
Preferred
of Prices
Low
Par
Arundel Corporation
Range
STOCKS"*
57%
..
$500
52% Jan
,
THE COMMERCIAL & FINANCIAL CHRONICLE
654
Monday, August 14, 1944
OTHER STOCK EXCHANGES
RANGE
FOR
WEEK
ENDING
AUGUST
11
Week's
Friday
Chicago Stock Exchange
Friday
Week's
Last
Range
♦
Sale Price
STOCKS—
:v;:v Vpar
Advanced
62
Ball
Aetna
G%
Nunn-Bush
Range since January 1
High
Low
6%
53%
Feb
64%
Jan
6%
Jun
15%
15%
50
27
27
50
38
38
200
12% Jan
15% July
26
28%
;
Allied Products Corp—
Class A
preferred
25
—
Mfg Co
.....
*
Public Service pfd——.100
Chalmers
A11 is
American
Tel Co capital——100
Tel &
Amer
&
Armour
Co
—5
*
-10
—*
...5
Corp—
Radio
Aviation
Corp
common
Common
Co
.Bruce
——....
L)
(E
Bunte Bros
Burd
*
—-*
!l
common
common-
1,100
156%
Jan
113% Aug
163% Aug
1,750
4%
Apr
6% July
1
Jan
2
1%
1,300
650
4%
Jan
7% July
2%
100
1%
Feb
3
4%
4%
1%
7%
5%
11,050
//^■iso:-
Sangamo
Sears
South
16%
800
14
May
17
Spiegel Inc
July
250
12% July
200
33%
Jan
41%
Standard
700
8
':
Jan
11
7%
7%
2,100
5
381/4
38'A
300
22
22%
150
20%
6%
Jan
,7% July
Jan
41% July
18%
common—..—10
Jan
24
Illinois
111
pfd
$6
Pub Serv
Secur
•
Feb
Standard
Convertible
preferred ;
*
Central S W TJtil common
Preferred
—50c
&
13
1,1
II
of
Indiana
capital
Corp
.5
1
*
Chicago Corp common
Convertible
preferred
Chicago Elec Mfg class A pfd—,
*
Chicago Flexible Shaft com new—... *
Chicago & North Western Ry—
Preferred
Chicago Towel Co—
Common capital
*
5
Aluminum Uten
Club
Commonwealth
Co
Edison
pfd part shares
50
part shs v t c A
——50
part shs v t c B.i——*
Container Corp of America com—20
Cudahy Packing Co 7% cum pfd—100
Cunningham Drug Stores—.....—2%
t
&
Deere
Co
—
Electric Household
3,340
32%
32%
950
—5
15%
__
10%
Connell
&
Dk
Brewing
Finance
General
18%
Feb
Jun
49%
Jan
14%
14%
350
12
Jan
14%
Jun
36%
35%
36%
318
33%
Jun
36/2 July
30%
30%
30%
200
23%
Jan
32
r.,"'
'1'•
:
Jan
Jan
12% July
Texas
Jan
29%* Aug
Trane
7%
Jun
20
Jan
22
Jun
88%
Apr
99
July
'
% Jan
9%
if Jun
13% July
Jan
% Mar
if Aug
Aug
Jun
66
7%
Jan
10%
Jan
Corp
Co
So.
capital
2
;
—_*
capital
5
*
Radio Products
Walgreen Co
6%
6%
6%
9,650
.
4% May
44% Jun
850
20
14%
50%
Feb
July
47%
25
(The), common
United Air L Transp
U S Steel common
59
57%
Oil-O-Matic
Wisconsin
Woodall
Zenith
Radio
Corp
36
36%
63
600
51%
10%
10%
400
7%
6%
7'A
200
4%
Jan
7%
8%
150
5%
Feb
.
5
•
common
42
Unlisted
12% July
Jan
28
56%
Jan
71% July
60%
60%
100
56%
Jan
66% July
4%
Jun
Jan
62
Jun
400
78%
Jan
98
Jun
14%
1,700
13%
Feb
17% Mar
3%
350
3%
27%
27%
5%
28
10
55
3%
2% May
24%
4,970
5%
500
Jan
28
Jun
Jun,
5% July
4% Jan
33
16
18%
Jan
33
Aug
Jan
16
Aug
Jan
7
100
5
6%
'50
2%
25%
25%
300
20
99
99%
100
93% Jan
6%
99%
24%
24
42
6%
Feb
24%
9%
500
20%
9%
450
~
50
6%
1,700
13%
13%
1,600
32%
33%
450
29%
27%
300
17
Aug
26% July
Mar
JL02
6% May
36% Apr
42.
6%
•
com
Copper Mining
50
Topeka & Santa Fe Ry com_-100
Steel Corp
•
common
Electric
Martin
Iron
5%
200
38%
1,200
35
Apr
39% July
9%
9%
400
7
Jan
10!A July
.1
Jan
20/2 May
Corp
24% July
Jan
10%
(The)
common
Republic Steel Corp
"
Jan
25
14% Aug
36% July
1
*
11
100
10%
Apr
12%
100
10%
Jan
13% July
25
26
1,300
25
Aug
30
July
Feb
66
13
52 %
52%
10
42%
Apr
52 %
Gillette Safety Razor common.
•
12%
12%
100
Goodyear Tire & Rubber common—.*
Gossard Co (H W) common
*
45%
45%
100
38%
Feb
141/4
14%
14%
25a
13
Jan
Great Lakes Dr & Dk
20%
19%
20%
800
19%
Jan
21% July
12
11%
12
650
9%
Jan
12%
——..„
8% Mar
July
July
Aug
13% July
49% Jun
Jan
8
9%
—*
13%
41/4
4
9%
50
15
50
13%
6
Jan
8
1 %
20,900
Mar
10
7%
7%
8%
1,450
100
17%
16%
17%
200
10%
Indianapolis Power & Light common—*
18%
18 %
18%
100
16
86
86
1
Co capital
6%
*
78%
_1
17%
Katz Drug Co common
———1
Kellogg Switchboard common
•
6%
6%
86
17%
-
4
100
78%
17%
6
American
100
,68
American
Products
Baldwin
Co
Aug
..
__
79% July
18% Jun
300
13%
Jan
6%
400
4%
Jan
6%
750
6'A
Jun
8% Mar
3%
400
1%
Jan
4
Jan
Llbby McNeill & Llbby common
Printing Co common....
$8% preferred
Lindsay Light & Chemical com..
Lincoln
——
Line
Material
Co
—
Mfg class A
McQuay-Norris Mfg
Middle
Field
West
*
•
.....
6
22%
'
'
_
L.
—*
5
8%
2,850
6%
Apr
6%
7%
6%
550
4%
Jun
22%
20
15%
Jan
22% Aug
4% May
5% July
44
200
12%
•
5
13
600
26%
100
22
47
210
22%
44
Jun
8
Jan
13
Aug
Jan
47 %
17
17
100
16% May
43%
1,100
Apr
21% July
900
52%
Feb
500
14
Apr
58% July
20% July
C
N
O
Cincinnati
100
34
preferred
A
prior lien
1%
prior lien
6% preferred A
1% preferred A
16%
16%
16%
11%
10%
11%
5,200
9%
t?k
%
1,150
A
22%
24%
1250
18% May
24
12%
13%
500
5% Mar
15
13%
13%
13%
350
5% Mar
15
Jun
..—.100
%
%
100
100
%
%
1,200
Minneapolis Brewing Co common
Montgomery Ward & Co. common
3
•
%
•
Standard
capital
Noblitt-Sparks Ind Inc capital-
10
North American Car emrnnnn., ^
Northern Paper Mills common—.
North 111 Corp common.
yp
Northwest
—
Bancorp
common—
46%
47
300
12%
100
preferred
106
106
122
122
new
class
;
?
For footnotes
see
page
659.
118%
Jan
7%
Jan
9
Mar
77%
199
72
Jan
80
July
22
127
17%
Apr
120
July
; J, 25% July
5%
preferred
100
May
110
Feb
128
30
May
35
Jan
38-
I
38
260
29
Jan
40
Jun
101% Aug
103
Jan
45
July
■
•
Mar
31%
*
36% July
Jan
4
107
Apr
108
Jun
24
215
21
Jan
25
May
56%
434
52%
Apr
59
July
Jan
22%
22
100
10
46%
46%
137
40%
Jan
Apr
46% July
11%
12
79
8%
Jan
13% July
40
40%
35
Apr
41
208
12
Jan
115
15
Jan
''205
20
10
•
_
.
55%
.)..
55%
si
i)9
44
306
108
108-
s<
_
35%-
May
22%
—i50
.
41
34%
35%
4
- -
41
e
Gamble
252
7%
101% 101%
♦
_
8
8
31
7%
—
guaranteed
Jan
100
31
:
Unlisted—
12
.50
■
127
July
American
City
Ice
*
—25
Rolling Mill
&
General
15
15%
20%
4%
20%
60%
29%
5
10
62%
•
Brands
:■>: 17% July
"
*
__
Motors
Standard
15%
20%
•
Fuel
Columbia Gas
Cleveland Stock
*
Friday
835
3%
Jun
24% July
5/4 Mar
62%
345
51%
Jan
63
29%
37
28%
Jan
33% July
5
July
V
•
3%
Jan
Jun
7% Jan
41% Apr
10% July
48% Jun
11% Feb
13% July
15% July
Brewing Corp of America——
City Ice & Fuel
15
15%
150
12
36
350
32% Jan
Apr
:
3
10
Eaton
Cleveland
Nav
com
Mfg
80
.79
'
5
17%
"
'
*
A
*
—;
53
*
,22
;«
38
July
40
40
200
33% Jan
41
July
19
19%
650
17% Mar
20% Mar
»
Halle Bros preferred
21
21
17% Feb
21
Mar
♦
11
11
...»
50
10% Apr
11
Jan
Interlake Steamship
Jaeger Machine
__
100
10
20
20
100
31%
32
90
16% Jan
22
Jan
'
Goodyear Tire &,
Rubber—r__'
20% Mar
Kelly
34
Lamson & Sessions
McKay Machine
Mar
Island
Lime
;
Tr__
*
*
Low
20%
21
-
13%
14%
265
Jan
Jan
111
4
High
Feb
63
196
80
*
52% July
25% July
-
85% July
115%
Apr
25
13y4 Anr
4% Jan
41. Jan ''
53
29
50
22
,10
17%
623
7%
200
a49% a50
a45% a45%
,34
..
*
w
?
50
__
&
-
17%
7%
f
__
"
Range since January 1
40%
50
all3%all3%
a48% a48%
*
...
Faultless Rubber
Goodrich (B F)—
Shares
High
20%
•
Sales
for Week
a52% a52%
__
.*
Detroit
of Prices
Low
>
»
Cleveland Cliffs Iron preferred..
Cleveland Elect HI $4.50 pfd—
Cliffs Corp common
&
Range
Sale Price
Par
Exchange
Week's
Last
STOCKS—
19%;
*
108 % May
1
17
255
>21%
•
35
0
Jan
99
25
8%
76%
77
:
A
Playing Card
Printing
S.
13% Mar
107% July
8%
_
Miami
S
May
100
Rapid
U.
.s
!
i'.
Insulation
Gibson Art __L—^
U
10
78
100% Jan
68
36
100
...
1%
200
Nor West Util—
7%
Mar
7% May
79
11%
107 %
.
Electric Controller
National Cylinder Gas common—
I
National Pressure Cooker common——3
National
10
% July
% May
Jan
•ft May
300
12%
47
3
10
1
9
8
11
„
v
_
Jun
...
Mar
Mar
a
__
Aug
13%
loo
...
6
6
107
*
Drug
ft July
24%
Miller & Hart Inc—
Common
Jan
•
.
Feb
Feb
_
17% July
11% July
Feb
100
.
4
4
107
__50
Feb
400
32% May
13% Jan
•
Convertible
63
43
___50
Telephone
Procter
Jun
4%
Preferred
Little
High
34%
Feb
5
-20
...
_
Crosley Corp
Gallaher
25%
545
4%
8
P
Range since January 1
Low
33
-.100
& T
Hobart
Shares
5
..
Preferred
Formica
for Week
High
32%
■
Cincinnati Street
Dow
Sales
Week's
Range
of Prices
4%
Midland United Co-
Midland Utii 6%
16
Aug
Jan
33
5
Common
Jun
26% Aug
33
;
—
*
_•
common
Corp capital
6% July
8% July
10% May
26%
13
*
McCord Rad &
Mapes Consol Mfg capital
Marshall
8%
*
__5
common
Carbonic common..—
Liquid
7
1
900
Feb
July
-
Jun
6%
3%
Mar
12
*
Lunkenheimer
Aug
6%
6%
18
Apr
18%
■
86
3%
~6%
Feb
8%
19%
...
Kroger
6%
*
15 %
1,450
55%
7
_
Cincinnati Gas & Electric preferred.100
8% Aug
6%
5
common
common
300
11
5
prior pfd
preferred—
Preferred
LaSalle Ext Univ
Leath &
16%
17%
32%
Churngold
19% July
18% Aug
8% July
Apr
29
Low
26
Laundry Machine
Jan
72"%
Feb
18%
For
Mar
May
5% May
Feb
200
Jun'
May
14% July
Jan
23*%
54%
Last
10
12% Feb
200
10%
Sale Price
•
3
21% July
26%
Cincinnati Stock Exchange
Jan
Jan
Jan
Jan
16
18%
•
29% July
13
8
Apr
15%
Jun
11
25
11%
55%
•
common
Corp common—
17% July
1,7003,900
16%
11
19'A
•
Standard Oil of N J
16%
200
18%
16%
19%
26%
—
♦
;
Radio Corp of America common
6% Mar
May
8
1
19%
Jun
45%
Jan
Jan
5%
18%
15%
18%
' 16
5
:
•
Studebaker
Jan
5
37%
common
(Glenn L) Co
OH Co
6%
1
•
New York Central RR capital.
Pure
July
•
Co
Corp
Nash-Kelvinator
*
common
Curtiss-Wright J
General
Interlake
Paramount Pictures Inc
100
15%
16
33
4%
(W B)
July
Stocks—
150
51%
Jar vis
9
7% July
8% July
44
Feb
66%
50
common
34
50
65
160
Harvester
42
42
*
66%
1,250
International
11% July
8%
10%
—2
capital
Feb
13
...—..*
Jan
July
24%
8%
common
5% July
300
11%
capital—
14
Jan
700
62%
Indiana Steel Products
Apr
2%
11%
8%
Inland Steel Co
11%
26%
11%
Illinois Central RR common
100
850
5%
11
60%
Illinois Brick
13
5
5
25%
61%
91%
26%
.1
48% July
26%
81%
common (new)
Co capital
Jan
American Radiator & St San
62%
Hupp Motors
42%
Atch
*
Horders Inc common...—
100
64% July
14
13%
.1
46%
Apr
10
Heileman Brew Co G cap
Hein Werner Motor Parts
29% July
July
35
1,600
90
61%
91%
33%
•
8% July
Apr
Anaconda
36%
100
com
Jan
26%
*
Jan
common
Class a
Apr
3%
150
7%
22% July
36% Aug
Corp—
Corp
General Outdoor Adv
63 % July
50%
600
13
>:
common
Mach
>• July
.
*
Industries
Yates-American
700
Feb
46%
common
Bankshares—
59
45%
29
7
7%
-
*
common
100
47%
29,.,
v
1
common
Western Union Telegraph common__100
Wieboldt Stores Inc common..
*
Williams
Feb
z'.y.
La Salle Street Corp
Participating
.......——
Motors
17% July
12
Mar
33%
common
Preferred
General
Jan
10% Aug
31%
15% Aug
6% July
*
—1%
5% July
12%
100
Jan
Jan
10
com new
3%
Jan
—•
Fox (Peter)
3% July
Jan
34%
Jun
STOCKS—
Drive Auto
•
13%
capital
&
Dredge Co common
Pour-Wheel
19% May
<
28
20
_*
Metallurgical
Simons
Fitz
Jan
32% Mar
50
10%
Jan
2
50
15%
Apr
16
27%
Co
Friday
Pansteel
5
5
27%
30
Jan
100
Jun
15
Util Corp
Elgin National Watch Co-
100
3%
43
800
Jan
1
5
Domestic Industries Inc class A
17%
2%
Feb
12% July
300
12%
common__10
& Cohn Inc
common—.!
36
17%
3%
.
24
Feb
30%
17%
c
(Alf)
36
36
15% July
Jan
30%
100
Common
Decker
6
30%
100
1
Com
900
—15
Consumers Co—
V
11%
Swift International capital
19
*
25
common
Consolidated Biscuit ccmmon
11%
Jan
July *
Aug
15%
10
common
11'A
10%
28
&
Bethlehem
—
20
Jan
v
common—;
Chrysler Corp
150
14%
58 %
62%
Cities Service Co common
1,000
30
19
...
.——
2,050
14
100
22%
3%
6%
29%
6,800
48
Jun
6% Aug
14%'
360
22%
Jun
97%
29%
8%
47
15
Feb
25
15%
48
Jan
85
Swift
15%
common.——.—*
Co
Cherry Burrell Corp common—
Jan
11
100
13%
1
common
21%
450
5%
25
common
50
14'A
22%
1
Oil
25% July
24%
13%
2
Common
Belt
Chain
Aug
Sundstrand Machine Tool common——5
20% Aug
66%
8%
Feb
Aug
11
Jan
95%
22'A
6
13%
•
capital
...
Stewart-Warner
9
350
%
64
LightfpfiT—*
24%
Storkline Fur Corp common.——. 10
28
50.
350
13
66%
—
Central States Power
13
Works
Sterling Brewers Inc
4%
250
900
6%
Jun
300
%
200
July
20
17% Mar
50
July
7
%
11
2% July
155
Apr
5
20
50
%
18%
150
14
*
Stockyards capital—*
preferred.
20
Dredge
Common
Utah
1
10
27
Corp—
Common
151
4% July
82
71 % Mar
Jan
100
98%
160
Feb
28
97%
97%
82
Feb
22
20%
Jan
3%
50
20%
Jan
1%
14%
150
27%
Jun
May
34%
950
4
Jan
2%
50
95%
14'A
_1
common
common
10%
208
Central
Lathe
10%
11%
Central
Bend
39
26%
-56%
300
10%
*
common
capital
Co
St Louis National
29%
(A M)
&
8 %
4
200
4%
2'A
18%
__
1
16
27% July
19%
63 % Mar
3%
61%
151
5
Feb
Jan
26%
31% July
82
4
Serrick Corp class B common..
Sinclair Oil Corp
...
12%
Apr
Co
Cummins
Roebuck
10%
20%
94% July
Jan
200
2%
82
common——__10
Electric
Schwitzer
10%
22%
Jan
26
4
4%
*
Rollins Hosiery Mills common.
20
10%
Castle & Co
Co
4% May
79
600
2%
100
Mfg
100
29%
—
Reliance
Jan
90
29%
61%
*
—
34% July
93%
3%
1
...
14% July
Jan
24
28%
...100
d,
common
13%, Feb
50
250
93
50
Preferred
>
14%
Jan
4
100
common.
38%
39
5
High
Low
14
34%
common...
Quaker Oats Co
26
30
convertible preferred
(The)
15%
15%
14
34
l
Corp (The)
14%
Piston
5%
..
14
common.
Range Since January 1
Jun
July
5% Aug
3% Jan
Potter Co
Shares
High
34
,
26
Ring common—,——1
Butler Brothers
10
,
May
108
2%
5
—10"
—
40% July
7
1
1
5
Bergboff Brewing Corp
Binks Mfg Co capital
—
Borg-Warner Corp common
Brach & Sons (E J) capital..
Brown Pence & Wire cl A pfd
Apr
6
5%
1%
Aug
33%
10
162% 163
6
——3
3
Barlow & Seelig Mfg A common
Bastian-Blessing Co common.
Belden Mfg Co common
...
Bendix
162%
—1
4
:
Washer common
Aviation Corp (Delaware)
Belmont
1121/4 112 »/4
5
common
Asbestos Mfg Co common
Athey Truss Wheel capital
Automatic
38
B
Low '
10
common
Pennsylvania RR capital
Peoples Gas Lt & Coke capital
Process
Jun
c
Coal Co
preferred
6%
/
of Prices
.2%
common
(The)
Peabody
Jun
4%
Shoe
Parker Pen Co.
High
50
500
62
6
—1
Bearing common
Par
Shares
Sale*
for Week
Range
Sale Price
Sales
for week
of Prices
Lota
common.—.—*
Aluminum Castings
5
Abbott Laboratories
Last
STOCKS—-
>
—3
160
12%
V 6%
12Va
12%
13%
6%
31
^.
50
222
•
20%
11
5%
12
Jun
Mar
Jun
Jun
* Jun
Jan
57
Jun
54% Jun
50
Jun
.25
.
50% July
34% July
23
Jan
43% Jan
31
Feb
222
34%
21
50
Apr
20% Jan.
40
Feb
J 36% Feb
89
50%
,
Jan
July
7% July
19
1314 Jun
.
;
,
7% Aug
13% Aug
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4307
160
655
OTHER STOCK EXCHANGES
RANGE
Friday
!''■■
,
'
/
•"
•'
Range
Par
•
11
Week's
Last
Shares
STOCKS
Range Since January 1
Low
High
Sale Price
for Week
Shares
of Prices
Par
!.'!
:
Sales
Range
Friday
Sales
High
Low
ENDING AUGUST
for Week
of Prices
Sale Price
STOCKS—
'
'A
Week's
Last
WEEK
FOR
Low
Range Since January 1
Low
High
High
'
Medusa
Metropolitan
National
21
Cement
Portland
Brick-
Paving
Acme
Prior preferred
V;;C-
%:■
__^—l
'
National Refining new
«
.
'
>
S—
.
-
18%
Ohio
Brass
Packer
13
a7%
23%
_
••-V•'
_
Bros
Standard
Oil
*
17%
17%
of
Ohio
Works
Iron
West Res
Drug
Inv
_
Rayon
New
Iron
York
Central
_
332
50
40%
Jan
1,053
Jan
19%
8%
Jan
17%,
12%
35
21
a47%,
*
.
Co
Ltd
a37% a38%
General
July
w
Stores
Motors
1
30c
30c
200
490
490
1
12%
12%
823
_
..
;
Radio
&
Gladding,
McBean
July
13
class
Corp
Jan
Goodyear
Tire &
A..
Ohio Oil common..*..
Republic
U
S
Steel
Feb
35
Feb
35%
Apr
42% July
Jan
10% July
15%
Steel
38%
38%
Jan
10.
a9%
a9%
45
al8% al8%
75
common
al7 %
*
_
_
17%
*
...
*
_
Feb
20 Va
16
Apr
7%
62%
Lincoln
I; 13%
13%
13%
240
«
com..
50%
Nordon
Mfg
Oil
...
_
Co.
u'-
15%
745
4%
6
4,772
1%
Jan
15c
1,000
4c
Jan
13%
615
43 c
3,600
4%
13
42c
V'; '£$■
1
97 %c
.
Elec
418
July
Jan
17
Aug
1.00
940
95c
Jun
75c
1,000
60c
Jan
75c
Chicago Stock Exchange
9c
9c
1,300
7c
Feb
v14c
Jan
30c
33 c
3,700
25c
May
48c
* Jan
6%
6%
100
33
33%
707
37%
37%
34
34
a31% a31%
20
44
630
6%
__
_
__
34
25
_
25
*
44
44
a21
a21
-
<c
5%% preferred II50
150
35 %
Jan
100
32% Mar
34%
July"
30
Jan
32 %
Aug
40 Va
Jan
46
19
Jan
21%
50
260
5%
9%
23
8%
Feb
3%
^1,200
3'/a
Jan
•
Preferred
Exchange
STOCKS—
Low
Allen Electric common........
Baldwin Rubber
Briggs Mfg
Brown,
J.
;
common..
*
_______
Adding
Continental
Detroit
at
Detroit
Edison
Detroit
JNav
Iron
Gar
Wood
General Finance
1%
Jun
200
12%
Jan
15%
Jun
4%
Jan
8%
Jun
7
6Vs
7'/a
1,525
4%
Jan
7% July
20%
3,163
12%
75c
3,200
5%
823
Jan
1
i
31/2
3%
3%
400
27/a
40%
40%
100
29%
Jan
6%
6%
6%
1,440
4%
4%
3?a
I
150
7
4%
5
60,112
.
Jan
4% Juiy
Jan
4
1%
Aug
1% July
Apr
12
May
7
Feb
96
200
13
Aug
7% July
2%
300
1%
1%
13
...2%
Feb
Jun
14
*
Hudson Motor Car common.
*
Hurd
1
Lock
&
Mfg
common
Kinsel
Drug common
Lakey Fdry & Mach common
LaSalle
Wines
common
Masco Screw Products
McClanahan Oil
Michigan
Steel
Sugar
Mid-West
Motor
Abr
3%
3%
1,110
7%
7%
150
!___!
50c
Car
4
*
common
Prudential
Invest
(H W)
River Raisin
__!
Paper
4%
Aug
37/a Aug
5% Mar
Jan
1%
1% July
Jan
2%!
Oil Co
Mammoth
Black
Cons
Borg-Warner Corp
3% July
Canadian
7%
Standard
Tivoli
Brewery
Udylite
S
Shirt
Aug
Radiator
Universal
Aug
Jun
& Southern
Jan
24%
Jun
Cons
13%
Jun
Corp
Continental Motors Corp
6%
18,935
12%
100
2%
2,525
4'/a July
2% Mar
3%
Feb
6%
Aug
9
Jan
13%
Jun
1%
2% July
Feb
2%
100
1%
200
3
27/a July
Jan'
3%
Jan
945
4
3%
class
Apr
Jan
Universal
Products
Walker
Co
&
Warner
3%
300
5%
5%
_
•
7 4
4%
1
«
II
common
25%
25%
(B F) Co
Goodrich
i
Great Northern Railway
K
1% May
2% July
Jan
3% July
Libby,
2%
Jan
6
July
Montgomery
200
.
5%
4% Mar
4% July
2%
Jan
6%
Jan
1%
Jan
4% July
25%
100
25% Aug
25% Aug
200
8
Co pfd
of Canada
McKesson
Aug
3,750
300
2
Nickel Co
International Tel & Tel
2%
1,775
1%
1%
31,660
a25%
a66%
32%
5
13%
Aug
6
Feb
8
July
98c
Jan
2
Aug
McNeill & Libby
& Robbins, Inc..
Ward & Co Inc
RR
Central
York
New
American Aviation, Inc.
North
North American Company
Oil
Ohio
Packard
Company
Motor
Paramount
Car Co
Pictures Inc
Pure Oil Company
Corp of America
Radio
In
issue
our
This
The
on
of
last
Page 565,
Angeles Stock Exchange
a32%
heading should have
read
"Range
report for the week ending Aug. 4,
lor
was
Stock
Exchange
week ending July 28."
published in the usual place on Page 559.
Week's
Last
STOCKS—
Sale Price
Par
■
Aircraft
Accessories
Bandini
Petroleum
Corp
___50c
Company
.
Berkey & Gay Furniture Co
Blue
Bolsa
Chica
Oil
Corporation
Inc.
*
1
com..:.
Byron Jackson Co
California Packing Corp common
For
footnotes
see
page
659.
•
<•
*
__
1,000
2 ~
High
Jan
'
5% July
6% Feb
of
(N J)
& Webster Inc
Company
Texas Corp
Texas
Corp
*
1
,
■
5%
0
--
8%
7
.18
--
7—-*
a^%
*
1
30
*
*
—1
19%
a8/a
6
a27%
50
—
*
*
*
a47'%
a 16%
—
}}
Aug
Union
2.50 July
Union
Pacific
Jan
1.80
1,076
1.30
Jan
2.00 July
United
Air
16y2
16%
200
15%
Feb
167/a July
United
Aircraft Corp
21
Apr
22%
Jun
United
Corp
25%
Feb
30
Jun
U
6
29
100
Tide
S
32%
24%
Jan
a5 %
10
5'
Apr
a5 %
Lines
(Del)
Rubber Co
Transport
5
5
*
10
43%
28
Feb
July
'
6% July
70
July
121
56
Jan
32%
32%
180
32
May
32% Aug
47/s
5%
4,981
3% May
5y4 Aug
a64% a667/8
21% July
Feb
19%
40
18 y4 Mar
al5% al6%
80
15%
Apr
38%
139
34%
Jan
41%
a60% a61%
33% July
36% May
95
125
36% May
30
8%
12% July
Jan
130
5
1,200
4%
Feb
16% al6%
50
14%
Feb
28
100
25%
Apr
4%
Jun
Apr
Mar
57%
135
a32% a32%
66 % July
5
>
Feb
18
Jun
28
Aug
1
1%
3,900
%
Feb
l'/a July
13
13
145
11%
Jan
15% July
7%
8%
905
al8% al9%
5
5
%
a5%
5%
Jan
16
171
133
20
Apr
4%
Jun
4
Apr
35%
Feb
38%
991
a42% a42%
20
40% May
a49%
86
43
4%
37%
Mar
8%
Jun
18% July
6%
5
Jan
July
39% July
43% July
53
Jun
7
Aug
7
31,505
1%
Feb
a37% a38%
40
28%
Jan
36% July
29%
188
25%
Apr
31%
Jun
18 al8%
67
12
Jan
19 %
Aug
a31% a31%
160
30%
Feb
8%
775
6%
Apr
32% July
8% July
8
a23% a23%
23
23
Jan
23
Jan
a46% a47%
285
42
Apr
48 %
Jun
898
15%
Jan
21% July
18%
19%
a8%
a8%
110
7%
Jun
19
19'/a
557
16 »/2
Jan
19% Aug
18
Apr
19% July
a 17%
a 17%
130
5%
3%
6%
6,315
a27 % a27%
25
29%
340
210
41
Jan
26%
29%
a46 % a47%
>
9 % July
6% Aug
25% May
28%
Jun
Jan
30%
Jun
May
50% July
15%
Feb
18
Mar
10 %
11
704
8%
Apr
12
July
19%
,19%
335
16%
Apr
21% July
100
al6 al6%
24
July
24%
a95
177
88 %
13%
12
Mar
Feb
97% July
915
20
a22% a22%
a93%
13%
151
a29% a30%
32%
29 V4
Apr
Feb
14% July
31% July
250
32%
7
32% Aug
34%
270
53% Mar
55% May
8 % May
Jun
54%
54 '/a
10
10%
225
18
18
275
13%
Apr
20
29%
29%
377
27%
Jan
31%
a47% a47%
*
1
25
*
10
*
Railroad Company—100
1.80
/29
255
a
--
25
(The)
8,390
a20% a207/a
26%
a25%
a
101
46 %
Apr
49 % July
33% May
10%
Jun
July
Feb
July
37
a34% a3£%
--
45
al5% al5%
Gulf Sulphur Co
1,244
'
12% July
163% Aug
Feb
29%
*
*
Oil Co
Carbide & Carbon Corp.,
2%
Jan
Jan
42%
a 49%
38%
Water Associated
2%
•
9
156%
a5
Del
Oil Co
2.30"
1%2.30
May
%c July
15
—
a30%
Co
3% July
% Jan
f,
__
16%
250
4
:,;n 3
250
--
7%
al9.%
*
25
25
Swift &
Range since January 1
Low
4%
1/2 c, Apr
1.45 Aug
708
1%
&95
13 ,$
Oil
1.75
2%
2.30
Shares
10c
;
Jun
28
19%
Steel Corp
Studebaker
High
4 *
-4
2
of Prices
4 V*
4%
*
I
Diamond Corporation
Broadway Dept Store,
7
Sales
Low
•
*
7% July
"
Jan
6c
1.10
all% all%
a
—
*
Standard
for Week
Range
6% July
5% May
7
alO% all%
-*
15
Stone
Friday
.
5
Standard Brands Inc
Standard Oil Co (Ind)
(Monday, Aug, 7), the report for Los Angeles
incorrectly entitled "Range for week ending Aug. 4,"
.
.
a38% a38%
--
Roebuck 61 Co
Socony-Vacuum Oil Co
Republic
Seaboard
week
was
July
38%
Bears,
appearing
May
12
Jan
•
a205/a a20%
al6%
Copper Corp
Kennecott
Pennsylvania Railroad Co.Pullman Incorporated
Los
15
Apr
3%
;
-
5
1
■
Int'l
3,400
8
»
common
'
Jan
10%
12
6%
163% 163%
Corp..——*
General Electric Company
*
General Foods Corp
—
**
Jun
3% July
*
4'/a
4%
5%
4%
13
13
%
12
100
13
12
20% July
„
a43% a43%
all%
1
—
Curtiss-Wright Corp
Power & Light
2,467
3%
5%
.
1U0
300
13
6%
2V2C
Electric
1,875
2%
5%
A
Feb
2c
1
Aircraft Corp
Vultee
Crown Zellerbach Corp
Jan
12
2% Mar
5%
cjass B__,
Aircraft
300
200
3%
5%
,
18%
Jun
4% July
3% Jan
5%
*
common.,
Cooler
Class B
1,725
19%
19
x
Co......--.25
Ry
Pacific
Jan
3%
Juij
22% July
—
5
_———
9
w-____._____Il
common......
10%
Apr
10c
Commonwealth
11%
1
common
Dist
Jan
18%
19%
t/
16
2%
Aug
8'/a
25
al.25
9'/a July
3%
■
15
1,689
10c
2%
5%
Is'
100
9%
6%
Jan
l'/a
May
11%
.1
common..:
common
United
U
Tube."B"
13'/a* Feb' *
15
9'/a
al.25
Jan
65c
1
11%
July
7% July
^ 15
■
Gas & Elec Corp...—_—*
Commercial Solvents Corp——*
Commonwealth Edison Co
25
i
Mfg common
Simplicity Pattern common
39
;
a22% a22%
15
9%
Columbia
Jan
9%
10
Sheller
Feb
Sani Corp
Stan
&
100
3%
4
*
common
Feb
5%
25c
Graham-Paige Motors Corp
Scotten-Dillon
35%
600
Tel & Tel Co—
585
'■
2,014
6%
*
100
American Viscose Corp—
14
Anaconda Copper Mining Co
50
Armour & Co (111)
5
Atchison, Topeka & Santa Fe Ry—100
Atlantic Refining Co
._..j;-..-__25
Aviation Corporation
3
Baldwin Locomotive Works vtc
13
Barnsdall Oil Co—.0
5
Bendix Aviation Corp
5
Bethlehem Steel Corp
*
Borden Co
15
Rad
American
1,200
'
33% July
37%
Stocks—
Unlisted
Amer
4 VB
:
Jan
10
Im^yial Development Co, Ltd
13'/a
2%
24%
10c
1
Co
Mng
Mining Co
Cons Chollar G & S
21%
2%
710
6%
•:
Alaska Juneau Gold Mining Co
1% Jan
1%
3%
30%
37'/a
Kamp's
5
150
12%
Feb
6%
2
Feb
36c
Jan
200
.1
common
1
Jan
24c
2%
2
common
common...
2%
8%
6
6
"
Peninsular Mtl. Pr common.i——__1
Rickel
l'/2 Aug
-
May
5
4
Feb
31%
12
de
12%
13
1
32 %
37%
California
21%
10
common
57c
16% July
Feb
Jan
2%
2%
*
common
1,130
8%
59c
8%
1
common
l'/a
86c
*
common...
Motor
1,700
1
Corp.,.
Parker-Wol
28c
...2%
Park Chemical Co common....
Packard
100
750
1%
1%
26c
common
common
Products
Murray
400
5
5
1
500
3%
3%
I
;
43.470
90c
90c
2
_j.
1,361
1%
1%
common
Tube
Micromatic Hone
.
__1
common
common
Die Casting
Michigan
Michigan
1%
1
_
16
15%
16
Apr
Jan
13
37/a May
40%
■
3%
410
3%
4%
___1
common
Hoskins
6% July
Jan
.1
30 Va
29%
1
2
Corp
Jan
125
833
12% Aug
Jan
40%
_l
common
1% Aug
-
.
11% July
3
Brewing common
Graham-Paige common
May
43
30%
Mining Stocks-
Jun
21
Jan
,
3%
100
12%
•
10
.24% July
Apr
37% May
2% July
185/a> Jan
1
common
common
Valley Brewing
Mfg common
1%
1%.
5%
12%
1
Goebel
Grand
530
2
14
20-...
—
Consolidated
July
4% July
37% July
4,929
5
common
Industries
Jan
22%
30%
-.10
Van
8%
5
Brewing
Fruehauf Trailer
27%
Jun
7%
l7/a
20
Detroit-Michigan Stove common...
Detroit Steel Corp common...!
Prankenmuth
465
>
40
42%.
29
H D Bakers Inc.
II10
Yosemite Portland Cement pfd
Universal
9 '/4 July
10
common
common
Gray
8%
14
*
common
Cleveland
2'/4
Jan
8
1
Machine
Motors
Jan
6'/a
1
McLaren common
Burroughs
High
l'/a
562
37
36%
37
Low
,100
Apr
-15
30%
7
...
..
Corporation
of
27%
->
a31% a31%
•
'
—
Corp
Oil
Union
•
7% May
200
1,690
*
of Calif
Milling
24%
41%
.
''
25
Transcontinental & Western Air Inc__5
1%
8%
8%
Co
Oil Co
Taylor
'
-i1:
Range since January 1
High
1%
,
i
common
Pacific
Transamerica
Shares
of Prices
Sale Price
V.
Sales
for Week
-
95
24
Jun
42% Aug
Jan
3
*
Standard
Range
41%
;
—25
.....
Southern
Oil
4%
4%
>
Jan
51%
Jan
95
25
Sunray
10%
535
4Va
47% May
Jan
'
.
preferred C...
1,083
241
25
preferred class B
6%
5%%
13%
Jun
Jan
11% July
Apr
#
Ltd
Calif Edison Co Ltd
Southern
27%
!:; 4%
1
Company
Chain Stores Co,
Sontag
16
,
July
7
36%
13%
13%
v
150
a23 % a23%
a23%
...
70
42%
42 '/4
42%
15
Corp
Oil Corporation
Aircraft
Solar
Telephone: Randolph 5530
a50% a51'/2
a51%
J[un
37% July
Apr
3%
3%
0
30
.
33%
Jan
5%
,
9%
1
Co
...
6% Mar
5% May
30%
fa21
5%
m
common...
Inc
Oil
Union
Sinclair
DETROIT
Ford Building
Corp
-
Shell
Jan
9c
a
Lighting Corp common
1st pfd
Safeway Stores
Security Co
1.25 Mar
30c
25
Aeronautical
Ryan
New York Curb Associate
Mar
Jun
11%
■
Detroit Stock Exchange
44c
r
". 15%
75c
25
common
Republic Petroleum
New York Stock Exchange
Jan
122
217
1
Public Service
Oil
Aug
Jun
14% July
Jan
30c
6
24c
1
_
1st preferred
Richfield
Member*
10
,
16% July
Feb
8%
16%
.
.17
97 %c
1
May
92%cJan
72%cJun
•
Jun
17
16%
17
-.
1st preferred..
Pacific
53
15%
iCS?:1-
Dev Co
1st preferred
Pacific
Apr
563
1,500
'
Watling, Lerchen & Co.
Jan
47
49
75c
1
Products
&
38%
14% July
49% Jun
49
10
Ltd
Clay
Gas
Jan
72 %c
10c
&
Mng
65%
10
304
47
47
Jan
49
1
Corp
Company.
Pacific
5%%
Week's
Jan
7% May
Apr
52%
15c
Co
Oil
Corp,
Oceanic
5%
Last
July
14%
Jan
75c
v>:
_
Aircraft
Diablo
Mt
637/a July
Apr
.47
v
■>
__
Petroleum
Menasco
6%
Friday
Apr
490
Jan
7
1,032
common
__
200 '
7
60'/a
•
Rubber Co
Co
Pacific
Detroit Stock
13 % Mar
39c
Mar
9%
7
Co
Los Angeles Investment Co
21% July
54
Co
Lockheed
Feb
17%
154
a57% a58%
—
30c
460
62%
1
Oil
Lane-Wells
21% July
375
17%.
al8% al9-
;
~
1
m
Jade
39% July
6%
*
common
Jan
12
10
common
&
Hancock Oil Co "A"
Jun
51
38%
162
*
10% July
55% July
.100
A..__
Television
Fitzsimmons
Jun
17%
105% July
Jan
100
66
common
Jan
Jun
44% July
15%
_•
_
7%
55% July
-_U
39
a45 %
__1
common
common.
1,256
50
Farnsworth
*
'
Industrial
Interlake
10%
430
18% July
Jan
_•
General Electric common
24%
12%
Farmers & Merchants Nat'l Bank
Jan
10
common
13% July
Jan
12
Hupp Motor Car Corp
Rubber
Jan
20%
10
24% July
Unlisted&
9'/a
460
4
Hudson Motor Car Co
Tire
2.015
—
_J__.
Corp
Holly Development Co
Firestone
13%
23%
.A a52% a52%
Jan
Products
Oil
Jun
12%
23%
»
Electrical
Exeter
95%
23%
1
9, .* Feb
12%
12%
—
America
61/4
t:
• ■
9% May
Aug
84% May
■
of
Jan
13 Va
17
12 %
100
„
_
Creameries
Douglas Aircraft Co, Inc
32 Va
105% 105%
17%
u
Stores,
Corp pfd
July
205
13%
2% July
200
:
39
38%
*
•
*.
Apr
Jan
a43% a43%
25
Corporation
Preferred
4
200
a89% a91%
a91'/s
5
Consolidated Steel Corp
116 Va May
4
4
__
18%
105
*
Co
1%
25
16%
B..
13
Feb
Mar
110
25
Corp
Richman
Weinberger
10
727
a7%
:
10%
50
2%
Aircraft
Chrysler
4V2 Mar
19% Aug
17%
class
Dorn
Jan
Jan
114
Patterson-Sargent
Van
3%
13%
23%
A12.
class
Cessna
Jun
3
2
Mur
21V2
100
13
*
15% Mar
3%
a
114
_
6%
50
18%
3%
a
-
National Tile
Nestle Le
21
130
13 Vi
Jan
16% July
78 y8
Feb
82
•
July
a787/a a79%
al08% 109%
79
a30% a30%
a79%
180
50
22%
Apr
32
July
28
180
26%
28
.
..
108 y« May
Jun
30
July
2
July
50
Jun
1%
a50
108% May
" 1%
1,256
1% May
a487/a
a50
200
43% Apr
Monday, August 14, 1944
& FINANCIAL CHRONICLE
THE COMMERCIAL
656
OTHER STOCK EXCHANGES
RANGE
Week's
of Prices
United States Steel Corp
Inc—-—-—
Warner Bros Pictures
--50
a
104%
—1
aib%
-10
(F W)
Woolvortb Company
47%
—
47%
a42%
al02%al04%
a 16% a 16%
a41% a42%
62% July
42% Feb
52% July
14% July
99%
Feb
93
77
Jun
19% July
39%
6% Feb
.Jan
McKinney Mfg
Mountain
Pittsburgh Oil & Gas—
Pittsburgh Plate Glass
Ruud
Philadelphia Stock Exchange
8TOCKS—
100
Baldwin Locomotive Works vtc
13
Bankers Securities Corp preferred—50
Budd (E Gj Mfg Co common
—•
Budd Wheel Co————
'
-®
Curtis Pub Co
*
common
preferred
Prior
Motors
General
—
Engine Co——1
Lehigh Coal & Navigation
*
Lehigh Valley RR
60
*
-1
—50
National Power & Light—
Pennroad Corp
Pennsylvania RR
*
Philadelphia Electric Co common
$1 preference common
Phila Elec Pow 8% pfd—
2nd
United
Corp common
issued
Westmoreland
16%
1,513
43%
417
13% May
39 % Apr
62%
854
51% Feb
66
July
4
Aug
3
250
4
1,061
8%
5%
318
4%
Co
Blaw-Knox
—
2,143
13% May
22
601
23%
Jan
26% Aug
29
29%
241
28%
Jun
34%
33%
180
25%
Jan
36% July
12%
50
11%
Jun
12% July
Par
37%
37%
100
32%
Jan
38% May
Bank Bldg Equlpt common———3
II
30%
30%
20
27%
Jan
30%
Jun
Burkhart Mfg common
———1
28%
54
38 %
Jan
43
Feb
common—^..——1
25%
21
53%
Jun
,
26
1
1%
Oil
1
297
1%
Jan
,
CEntral 7600
593
1%
36%
273
1%
2
STOCKS—
Inv 5%
4,834
1% July
July
Jan
31%
Coca-Cola
2%
Bottling
Jun
14%
100
Jun
15% Aug
Preferred
20%
20%
20%
66
15
Jan
20 % Aug
International
26V2
26%
26%
51
22%
Feb
28 %
Laclede-Christy
July
Laclede
Week's
Range
Steel
Clay
Bearing
National
Candy
preferred
1st
Low
,
High
Rice-Stlx Dry Goods common
Lcuis
Apr
29% July
St
26
9% May
10% Mar
St. Louis Pub Serv
9%
15
7% Jan
4%
5
5
1,807
3% Jun
1%
100
1% May
19%
V:j
19%
100
39%
397^
149
common—
1% Jun
16
July
39"% July
9% July
17
8%
540
200
13
17
25
22
100
16%
16%
70
19
19
75
38
39
520
135
135
37
16
120
7
11
15%
16
7
11
30
11
__
10
11
160
9
33%
__
——15
H
5%
9%
9%
10%
11
__
Apr
34
180
31
Jan
Mar
May
Jan
Feb
Jan
July
18% July
16% May
16
Apr
12% May
15
Jun
32
Jan
124
Mar
10%
„
Jun
110
Aug
.11% Aug
12
July
Jan
22
__
May
Apr
45c
7
15%
8%
38
30
26
35% Jan
5
Apr
15
__
"A" common——1
Wagner Electric common
80
Aug
3Vi Aug
22
f
Aug
16% Aug
17
Aug
44 V Mar
135
Aug
16% July
-
8 - Jun
10% July
12
July
12% July
35
Mar
':
Jun
20
16% Jan
682
143^
50
Feb
17
Sterling Aluminum common—
1
Stix, Baer & Fuller common——10
1%
11% July
5%"Mar
2 % July
v ;
600
10
40
9%
9%
'
Car
60
1%
8%
*
26%
K24%
11%
__
_100
9%.,
26%
10'A
1
High
'
■
Apr
Mar
Feb
104
Maf
1
6% Jan
9% Jan
25
11%
__
»
common—
225
10%
Cement common—25
1$%
Metals common—19
Portland
25%
110
14%
20
__
25
25%
__
5
com
28%
~~
•
Prod
200
28%
100
common
46%
2%
23'%
23
40
3%
■—
5
100
—
common—
National
Range since January 1
Shares
High
Shoe
Missouri
for Week
Low
——
50
Low
3%
no
—"
common
High
50
50.
r
Range Bince January 1
Shares
of Prices
Low
McQuay-Norris common
10
Midwest Piping & Supply common—*
Sales
of Prices
for Week
100
common
Huttig (8 & D) common
Hydraulic Pressed Brick
Jan
1
;
preferred
Hussmann-Ligonier
37
Apr
Sales,
Range
Sale Price
preferred
Electric
Emerson
Jan
Exchange
Week's
Last
15
—
,
Friday
Feb
15
10
—
—
—
28% July
y
Bell Teletype SL
St. Louis Stock
31% Julv
Jan
1% Mar
104
1%
Continental Commercial Corp com.—-1
Devonian
Apr
60% Jan
41%
56%
34%
•
& Electric common
Columbia Gas
21%
5%
Jan
26%
1%
-w—
181
7% July
Jun
Apr
4%
20%
56%
"
—
26%
New York Curb Exchange Associate
19%
*
100
—
25%
Phone
3,058
Last
Ludlum Steel
Jun
/
5,857
Sale Price
Arkansas Nat Gas Co preferred
July
10%
Chloago Stock Exch.
Chicago Board of Trade
Associate Member Chicago Mercantile Exchange
5%
Friday
Allegheny
10c
Feb
.
25%
pat
Feb
Jan
6%
2,000
St., St. Louis 2, Missouri
29%
Pittsburgh Stock Exchange
-
10%
2c
147
New York Stock Exchange
St. Louis Stock Exchange
10% May
7% Mar
Jan
Jan
5%
705
7%
16% Aug
Feb
10%
41%
stocks—
May
8c
10%
Members
47% July
American
—20
Coal* —4
10
Apr
Jun
121
Jan
10%
Established "1871
300 North 4th
12%
r————-10
Inc
Westmoreland
52% July
1%
——
95
752
10%
243
Jun
Edward D. Jones & Co.
33%
-*
_13%
United
When
40% Apr
Mar
5%
*
•
—
preferred
Gas Improvement
$3
10
12% July
28%
—
1% May
July
50%
5
9%
—
1%
Jan
8c
■'A'!'!'.
26%
Jun
200
5%
37%
Feb
Aug
St. Louis Listed and Unlisted Securities
Jun
10
8%
25
preferred
Corp
Invest
Transit
11
98
60
,—
*
———
Apr
47
~
——
Oil
Jan
7%
185
15%
29 A
preferred———-50
preferred
—-—50
Paper common—T
*
Scott
Sun
5%
78% Jan
290
6%
1%
July
42%
19%
25%
%
Reading Co 1st
,
52
10%
3%
Jan
50c
12,621
22% July
Feb
50%
5(f
25
3
1
Corporation
Philco
Apr
10%
—
*
:Reo Motors.
18
34%
10
8%
16%
43%
62,»
.4
10%
Aircraft
Jacobs
164 Via July
91%
10%
'
*
10
Battery
Electric Storage
High
19% July
Jan
125
8%
13%
Light (wd)_
Delaware Power &
21%
35
Jan
156
275
10
10%
91 $
—1*
—
LOW
163%
90
10%
yy,
4
8% July
Range since January 1
14%
308
20%
162 %
21%
Tel & Tel
Chrysler Corp
Shares
18%
162
10%
8c
'
Jan
1 %
200
;
Jan
1%
200
1%
114% 117%.;
,
Toy
Standard
High
35
)£{*
American Stores
American
Range
17%
1%
3%
6%
/
for Week
of Prices
Low
i w" -:-
par
1%
55
.1,615
Sales
Week's
Last
Sale Price
■
;r
111%
1%
1%
-J"
„—-5
25
4
8%
.
High
Low
v.;
1%
•
—————5
Mining
...
—1
Steel Springs-.
.——I
Westingbouse Air Brake
•
Mfg
High
4
8%
Range Since January 1
Shares
8%
—
Fuel
Supply—
National Fireproofing Corp
Pittsburgh Brewing common
San
Friday
Sales
for Week
of Prices
v:'." Low
High
50% May
11% Apr
595
125
205
53
25
249
13
Week's
Range
Last
Sale Price
STOCKS-
Low
58%
13
_
.100
Telegraph Co
Westlnghouse Elec & Mfg Co
Willys-Overland Motors Inc
Western Union
57%
58%
—5
11
Range since January 1
High
Low
'
•
AUGUST
ENDING
Friday
for Week
Shares
Last
STOCKS—
WEEK
Sale*
Range
Friday
Sale Price
FOR
BONDS
108
100
Hoppers Co preferred
9%
10
Jan
7%
1,156
108
Aug
Jun
101
40
106% 108
9%
10
Gas
Lone Star
10
Aug
Toronto Stock
WEEK
FOR
1959
ENDING
AUGUST
11
/Friday
xfi':Uast.-.
Exchange
STOCKS—
Sale Price
STOCKS—
rV- Par
6%
common—
Aldermac
4%
44%
49%
Oils
Consol
Aluminium
Aluminum
Corp
Ltd
common
•
Canada
Anglo Canadian Oil
Area
:
Y
Gold
Armistice
100
Gold
Mining
67c
300
_
_
10c ll%c
3,500
10c
Aug
33c
4,100
30 %c Aug
20 %c
24c
15,350
8%c Jan
41c
60c
164,600
30 %c
86c
93c
4.00
4.10
2,150
15c
15c
-
2,000
—
13C
14c
Blue Ribbon
Gold
24c
July
157
May
Jan
24
229
July
245
Jan
241
45
230
May
241
Aug
15c
18c
3,600
15
15
15
70
1
1.86
1.55
1.97
1.83
2.00
29%
29%
24
155%
156
164
1.00
80
12
25 %c
22c
31c
48
48
35
1
lie
lie
14c
4,700
__
r
> -
110,700
Jan
2.89 July
15
151
60c
•
-
May
Aug
157
'
1.20 July
12
Aug
67c
43%
Jan
50
6%c Mar
1,000
20c
14%
2,115
11% Jan
22%
22%
22%
1,183
8%
8%
8%
75
Feb
Jan
11.00 July
22c
13%
14%
ADr
24
Feb
9% May
Jan
31
Jan
21 %c 21 %c
1
2.45
ADr
8.50 July
259
12
—I
Y—
16% Mar
21%
1,175
156
Feb
1.70 Mar
225
9.25
24 %c July
36c
60
24
9.00
Jan
13%
39,620
*
Building
Gold
Brewers
&
Light & Pwr
Columbia
•
Packers
Columbia Power class A
British Dominion Oil
:
Brown
Porcupine Mines,
Oil Corp
For footnotes
see
page
Ltd
•
♦
—1
21
1.24
86c
*
—
659.
21%
Apr
7% Jan
22%
23%
550
21
25%
23%
common —*
British
Broulan
*
*
British American Oil
British
com
Distillers
25 %
20
22
97% Feb
100% Aug
Range
t
j'
Low
Range Since January 1
Shares
Low
High
6.00
Sales
for Week
High
Y
Mines
•
5.90
5.90
*
6%c
6c
6%c
•
18%
18
18%
50
15%
Jan
4c
4c
500
3c
Jan
10%
10%
305
8%
Jun
11
10%
10%
110
10%
Apr
11% Mar
Jun
2.24 Mar
Products
Burlington
Week's
of Prices
Ltd
•
__
Steel
3.55
630
Jan
§.%c Mar
2,500
Caldwell Linen
17c
28 %c
July
Jan
Mar
July
Apr
14% Aug
Mills
2nd
pfd—
*
10%.
Calgary & Edmonton Corp Ltd
Calmont Oils, Ltd
•
1.76
Canada Cement
•
Canada
common
Malting
1.75
Canada
Packers
•
' 106%
Canada
Permanent Mortgage
.—100
Steamship Lines common
•
11%
Canada
Preferred
Canada
6.20 July
9%
21
5c
Jan
July
Jun
July
& Cable class
Breweries
of
Commerce
Mar
Jan''
19% May
20%
31
340
1.22
1.28
34.742
69c
Jan
81C
86C
15,200
70c
Mar
6c
6c
1,500
4%c Apr
24%
Jun
8% Aug
23% July
27
24%
153
12% Mar
31%
Jan
40 %
Jan
Jan
45
60
Jun
67% Mar
18%
Jan
22
July
6
July
'
Car
734
pfd
5
May
95
20
91
Feb
96
Jun
113
128
Apr
136
Mar
540
5
Jan
7%
42%
5
7%
43
33
>
Jan
45
14
14
100
8%
Jan
14%
23%
23%
100
22%
Jan
24
Jun
16%
16%
16%
140
12
Jan
18
July
27%
^
40%
14
27%
20
25%
Jan
29
Mar
—25
26%
24%
Jan
35%
Jan
45
Jun
141% May
155
July
60
common
Canadian
Industrial Alcohol
Products
Canadian Locomotive
A
Ry
25
56
56
»45
*
6%
6%
375
<■
61%
61%
25
Wallpaper A
Quartz Mining
Trethewey Mines
Gold
>
*
73c
75c
1,500
19%
20
45
141
141
5
12%
13%
7,778
25
Gold
Patricia
120
149
"
-
Pacific
42
149
__
100
—
com
Preferred
30
40 %
■
*
—.
Malartic
Canadian Oils
26%
*
100
Celanese
13%
*
15
15
40
_l
1.85
1.85
800
1
Mines
Central Porcupine Mines
1
1
Chateau Gai Wines
1,08
.
1.07
1.09
3,500
2.27
2.25
2.36
2,950
13c 13 %c
4,500
__
•
33/4
3%
Chemical Research Corp
1
Chesterville Larder Lake Gold Mines—1
27c
27c
2,500
1.30
1.20
1.36
36,257
1.50
1.50
1.50
14
13%
13%
20
2.13
2.21
14,375
13%
Mining & Smelting
Circle Bar Knitting
*
8%c Feb
Cochenour
Coin
Willans
Plow
Gold
Co
Lake
Commonwealth Petroleum
Mines
*
1
2.18
•
h.i
*
8% Mar
23%
_25
new
5 <:■
Aug
133% 135%
93%
135%
*
Food
Cockshutt
Mar
25
3%
70
44
5%
21
60c
Mar
Jan
Jan
Apr
18% May
133
32c
__
13%
10
31c
34c
9,900
30c
30c
800
28
61
85c
21%
142
10%
Jan
14
14
Jun
15
1.50 May
90c
1.62
Mar
Jan
8%c Jan
3% May
17c
1.17
Jan
Aug
1.26 Mar
13
Mar
Jun
Mar
Jun
6% July
71
Feb
July
July,
Jan
July
July
Aug'
1.90 Jan
1.15 Feb
2.50
21c
Jun
May
4% Jan
48c
Mar
1.72 Feb
2.C0
Jun
Feb
13% Aug
1.57
Jun
11%
Jan
2.24 July
14
July
Jun
1.40 May
93c
106% Aug
Jan
Jan
22
.20
,___
Canadian
Castle
Jan
'
67%
■
common
Preferred
Central
Feb
Jun
22
»
common
preferred
Cariboo
240
L
25c
9% July
50
9%
90'
145
10
585
Jan
67%
•
Canners
1st preferred
Conv preferred
Canadian
43%
25
148
11%
Jan
40%
100
Preferred
Canadian
147
11%
•A 6%
39
100
Canadian
Canadian
65
106 % 106%
147
*
com—__
Bank
Canadian
49
«
»
"A"
Preferred
Canadian
Old
55
May
*
Wire
Canadian Bakeries
-
8%
1.70
18c
50
Class B
Canadian
1,000
48 %
•
;
5,300
21c
8%
8%
1.86
21c
1
Chromium
Brazilian Traction
.
Gold Mines
Bunker Hill Extension Mines
Canadian
10c
183,385
1.85
24
LM„—.
'
Apr
Feb
234
9.00
Mines
Mines.
23c
233
*
Mines Ltd
1.04 May
4.40 July
Jan
July
146
13
Aug
236
'
Corp pfd
12o
3,066
150
.
May
60c
Apr
3.20
10c
Apr
58c
31 %c July
July
28c
143,350
-100
Onld
40c
18 %c
17c
__
Sons—
Kirkland
July
1.10 May
234
»
Canadian
34 %c July
1
—
Telephone of Canada—
Belleterre Quebec Mines
Berens River
8.05
Jan
1.00
_
Feb
5.75 May
May
150
»
class A—
B
58 %c
7,400
7.00
Jun
17c
14c
__
Bell
Brnln'np
63c
0
Beatty Bros,
Bonetal
July
76c
55c
—
100
Exploration 6c Radium
Beattie Gold Mines Ltd
Bob jo
Jan
102
240
Scotia
Bear
&
99
Jan
2,000
100
Bathurst Power class A
Bidgond
Jan
96
11,400
■
1
—
-
Bertram
88
155
4.10
1
Toronto
Class
90
100
24c
60c
1
Bank of Montreal
Nova
92
99%
90c
Mines
Metals
July
90c
30%c
1
Bagamac Mines
Bankfield Cons Mines—
Base
July
13
84c
23c
Ltd
Bank of
33c
Apr
8% Mar
23c
11c
1
—:
Bank of
Feb
24c
Aumaque Gold Mines
Aunor
35
Aug
1.79 Mar
14c
88c
1
Astoria Quebec Mines—
Aubelle Mines
15c
20,105
12
6.90
65c
*
.
Mines
Gold
28c
95
Jun
10c
91
y
Gold Mines Ltd
Arjon
25c
12
27c
—
Anglo Huroniail Ltd
Aquarius Gold Mines
2,200
Jan
1.10
$3,200
49% Aug
Jan
58
■
pfd. .100
5%
60
200
4% July
Apr
29
95
1.58
11c 11 %c
*
common
of
Co.
12,395
90
•
Apr
2%
6.335
1
Copper
Steel
Algoma
High
4
mo
__
High
LOW
1.50
preferred
preferred
Pacific
Range since January 1
Ankerite
Buffalo
Shares
4%
Ajax Oil & Gas
Alberta
Buffalo
48%
Abltlbl Power & Power
7%
of Prices
Low
*
Sales
for Week
Range
Sale Price
X'V"Y
r
Par
Week's
Last
100%
100
/
Canadian Funds
Friday
100%
.
LISTED MARKETS
CANADIAN
RANGE
St L Pub Serv lst mtg 5s
15 %c Jan
29c
May
38c
July
33c
Mar
Volume
Friday
Range
Low
—5
1.69
1.75
(Toronto)
Consumers Gas
Conwest Exploration
■
Cosmos
rts
Paper
Cub Aircraft
1.68
1,550
1.33
Jun
2.20 July
Modern
15%
10
.14%
Jan
16
Monarch
50%
52%
135
137
1.25
1.70
20,470
19
19
10
23%
52
"
23%
45
70c
500
■
1.57
.
'
;
•
-*
23%
70c
70c
•
16c
",
96c
128
29
1.13
Aug
19
21
May
24
70c
•
1
Petroleum
Da vies
Mines
Delnite Nickel
;
__
*
Ltd
Mines
Dome
Aug
& Steel com
Dominion Foundries
Stores
Dominion
Tar
25
155
25
*
Mining
Co
:
East
9%
Jan
4%
4%
••22
3%
Jan
3%
B
Class
Players
Fanny Farmer Candy Shops
Federal Grain preferred
Mining—
Kirkland
Fleet Aircraft
Francoeur
_
Canada class A
Ford Co of
Foundation
Co
Gold
Gatineau
Power
Gold
Lake
God's
3%
18%
63c
78c
6.00
6.30
Saddlery common
—
Lime
Halcrow
Swayze
Gold
Hallnor
Hamilton
28c
13c
10,000
7%c Mar
6C
55,600
l%c
Jan
45
84%
Feb
96
Aug
52%
Mar
56 %
Jan
3%c
Apr
7%C July
Mines
12c
6%c
4,500
4%
•
120
20
23%
180
5%
575
23
24%
40
19%
7%
125
5%
48
48
60
May
36
Jan
25% May
Jan
5%
Jan
25
Apr
48
Feb
Aug
10c
14c
4,400
2%c Jan
14c
Aug
29c
*"
30c
3,300
17c
40c
July
8%
215
7c
7c
3%C
4c
Jun
Jan,.
3.20
3.30
125
6
6
50
16
16
9%c Mar
5%cMar
54,500
50
4c
Jan
6%
2,000
2%c
6%c
Jan
2.75
3.85
.
Jun
Jan
6%
Jun
5
Jun
Jun
16
14% May
"4% Jun
Jan
5% July
5%
5%
510
90c
88c
90c
9,708
83c
Jun
1.29
Jan
6%c
;7C
9,500
4%c
Feb
9c
Feb
32c
31c
33c
14,500
31c
July
47c
Jun
July
75c
Feb
May
13... July
Jun
3.70 Mar
5%
1
5
1,500
4Cc
11%
11%
11%
1,340
10
3.05
3.05
3.25
4,355
42 c 43 %c
3.05
3%c
1'
4c
4c
1,000
35c
,38C
2,950
28
29
695
76
76
15
72
161 164%
33
160
fc Smelting
26c
;
164%
Preferred
——
5c
Apr
May
42c
July
32
July
Jan
79%
Mar
July
169%
Mar
Apr
26% Mar
14%
14%
1,717
12%
Apr
12
12%
1,655
10%
Jan
100
7%
7%
11%
11%
11%
10
81c
81c
90c
4,000
23c
24c
70
£1
1
7
23c
Aug
24
30
15
120
G9
May
33%
:~v32%
33%
600
28
22
:;v,2i%
22%
2,063
1
1
Petroleum
Waite
Mining
Co_.
Jan
37,250
45c
Apr
1.02 Aug
2.25
k
100
'•
1.81
Jun
2.25
51/4
3.00 May
300
1.20
Jan
200
2%
5V4
4%
Jan
1.37
Jan
3.90
18,613
32c
117,075
50c
1,500
32c
37c
12,500
107
107
50
4
4
65
3%
Jun
4%
50
6%
Jan
9
7%
73/4
7%
3 VRC
4%C
13%
13 Va
29c
Aug
32C
Aug
40c
May
70c
Jan
53c
Jan
Mar
25 %C
105
Mines
109% Mar
Jun
Powell
July
94%
55
1.22
1.22
1.35
5,025
12c
5 Vac
5%c
•6 % c
39c
37c
40c
7c
1.10
1.20
28c
4,800
83c
1.35
3.05 July
Jan
1
2.75
2.70
2.80
1
4.40
4.10
4.40
2.08 May
4.40
Aug
1
1.15
1.15
1.16
2,400
1.15
Jun
1.73
Feb
1.10
1.10
1.10
1,200
1.05
Jun
1.64
Feb
Mar
1.65
B C
Gold
trust
Premier
Gold
Preston
East
-
2,880
•c
20,530
1
Mining Co
Mines
Dome
1.35
1.39
1
Metals
10 V4
11
Co
2.70
2.78
—
36c
1.05
91c
1.08
21c
11,505
Jan
8.25
83,975
20c
—
May
30c
1
•
Jan
Gold
(P
Roche
/
50
23
Apr
26% July
70
28
Feb
33
7%c
7%c
8c
6,250
40c
36c
42c
139 140 Va
175
*
Bank of Canada
19%
Russell Industries
Preferred
common
St
7c
.
St
Lawrence
Class
Corp
com.
142%
Feb
21%
Feb
Aug
27 Va
155
19%
Jan
5
280
1,000
3
3
200
Ltd
Siscoe
15
15%
3.95
4.05
4,000
3.50
Jan
8c
9%C
9,000
5c
Mar
9%c Aug
40c
40c
41c
7,400
34c
Mar \
50c
Power
*
14%
14%
15
280
Mines
1
73c
73c
78c
7,936
10%
10 %
10%
600
*
*
9
9
25%
24%
26
B
740
20
Jun
4.45
Jan
Jan
13% May
16
65c
92c
Mar
Feb
8.75
8%
Apr
July
11 Va Mar
9%
Jan
12
Apr
26
Aug
105%
Jan
114
July
112 112%
1
93C
90c
93c
13,225
42c
1
57%
56c
58c
6,700
53c
Apr
77c
Jan
3c
2,000
3c
Jun
5c
Mar
July
28c
Jan
—100
Mines
Mines
Malartic
252
Apr
112
!
Gold
July
15
&
•Preferred
Sladen
Jan
3% July
17
4.00
Gold
pfd
class
Apr
Jun
5c
9%c
.1
Silverwoods
2%
13
295
1
Sigma Mines
Simpsons
Atfg
1
Mining
Water
Sbemtt-Gordon
3c
300
S50
„
Gold Mines Ltd
Shawinigan
Feb
199
29% July
1
A
8an Antonio
Sand River Gold
Jun
52c
Jan
18 Va
3 %C
July
May
275 ;
280
13 %c
.35C
134%
19 78
3%c
3%e
1
*
.
Apr
July
.
29 Va
100
______
_
_
Anthony Gold Mines—
Jun
18%
10
__
4c
16,700
140 Va
1
Royalite Oil Co
Mar
6c
500
1
Mines
'
4%c
26 Va
32%
100
Long Lac Gold Mines
Rouyn Merger Gold
Royal
26%
9
common-
Jan
32
4 V4C
9
Mills
L)
Feb
1.25
64c
ll7/aC Jan
26%
1
Mines.
Silk
Hobertson
July
.50c
"
Queenston Gold Mines
Quemont Mining Co
Jun
10
May
75c
1,000
July
July
2.92 July
11
Jan
2.32
100
36c
6%
1,750
9.35
9
_
1,900.
9.35
2.74
*
Airways
89C
290
1
-
Proprietary Mines
Riverside
July
of
Mines
Pressed
Reno
Jan
44 %c July
Mar
1.84
July
7%C
Jan
13,975
July
14 %C
Jun
3%c Jan
2,500
-
Jan
Mar
1.50
1.15 Mar
20,000
9c 12 %c
1
1
1
Mines-
Aug
1.07
99
Mines
Gold
Rouyn
Prospectors
90
15
Aug
94
Mines
Gold
Pioneer
55c
Feb
Mar
4%c Mar
Jan
-
13% Aug
7,100
94 V4
1.12
Gold
3c
.
3.000
:
60c
*
Ltd—
Mines_
Gold
Malartic
Gold
39,600
15
55c
55c
Jun
4.50 July
29 c
,
Aug
5%
46c
3.55
j
Apr
1.25
July
South
End
Petroleum
*
3c
South
West
Petroleum
*
20c
20c
1,500
20c
1.40
65c
Jan
19
Feb
26
Aug
Jan
5
July
July
Chemical
Standard
Standard
Paving
Steep
of
Co
9.95
14%
—
69
common
14%
68
69
,.
i
40
100
Jan
15
69% July
Jan
2.04
4.40
4.25
39,685
26c
500
15c
5c
5c
500
4%c Jan
—1
1.75
1.70
1.77
10,700
1
Minos.
2.60
2.60
2.65
1,435
16
16 Va
Jun
1.70
Jan
10%
61
25c
1
1
Sylvanite Gold Mines
2%
3.90
4.20
River Gold
Sudbury Contact Mines
Cons
270
common
Canada
Rock Iron Mines
Sullivan
5,800
26
4%
26
Co
Preferred
Steel
1.50
25
4%
1.40
Springer Sturgeon
13 %C
10c 13 %c
3 000
33 c
Aur
19% Apr
5c
Jan
Feb
July
1.00
35c
Jan
106%
100
International Nickel Co common—*
International
7%
12
,
Feb
106^2
24
A—1—*
•—
15% July
13% July
Jun
9% Jan
54 %c
•
Metals common
Preferred
87c
1.02
May
27c
Aug
July
7%c Mar
J..57 Aug
1.94
1.96
Apr
2.90 July
July
;
1
International
Jack
14
12%
——*
_1
Imperial Varnish
Inspiration Min & Devel
International Coal- & Coke
i
Jun
;..,4
i
Sturgeon
Imperial Bank of Canada
100
Imperial .Oil:
Imperial Tobacco of Canada ordinary.5
62 %C
2%
Senator Rouyn. Ltd.;
.
Apr
3,608
Jun
7%
8%
30c
common———_100
Erie
&
6%
Jan
7%
Aug
12 %c Aug
3% May
1
Mining
7c
Feb
22%
8%
17c
68C
Jun
18 %c July
6%c
—
Mines!
Bav
38c
>
3% May
*
Gold
Huron
125
4,000
5
*
Homestead Oil & Gas
Hudson
55
Jan
1
Oil
Howey
15c
July
—1
1
Mines
Mines
Hasago Mines-;—
—
Hollinger Consolidated Gold Mines
Home
96
6%C
*
*
Co
Gold
Gold
Harricana
Apr
12c
1
Mines
Gold
8c
37 %c
16 J/4c May
23
1
Mines
Cotton
Rock
Hard
Feb
25c
6%c
60% July
Jan
'''I- —'
•
12%c Mar
Jan
500
-1
Mines—
Carpet
Harding
Harker
5c
3%c
Aug
10% July
1.99 Mar
23 %
•
Bridge
Hamilton
101
64,306
4%
1
1
Alabastine
&
Gold
Halliwell
May
17% Aug
Jan
5c
3
50
Mines Ltd
Gypsum
84
July
91
Aug
10c
1
Gold
10
Feb
100%
95
Wihksne Gold Mines
Grull
11%
51
54%
—*
*
*
Preferred
Cadillac
Partanen
Pickle-Crow
37c
*
.——
Pandora
Jan
8.20 July
5%c
6%c
Jan
4%C
Jan
59 %c
*
Porcupine
Jun
25
8,650
Jan
48'%
2.25
_
Paymaster Cons Mines Ltd
5c
13c
1.89
516
1,500
88c
107
Refining
Pamour
Aug
615
7,500
1,880
65c
X
*
___
July
58
9
_
Aug
18
13 V4 May
9%c
"
50
Page Hersey Tubes
78c
87
11c
2.51
Aug
9c
2.45
57%
32c
-
2%
15c
May
2.17 July
2.80 Feb
2.51
IIII1
Feb
32c
34c
83,200
*
&
19
101
IOV4C
..
vtc
Oil
26%
8% Apr
14,975
535
1.48
3.65
common
common
Pacific
Apr
17%
9.80
17
1.26
29 V2C
Debenture Co
&
8c
2,500
1634
88c
•
Pacalta Oils
Apr
17
8.00
k
15c
12 % c
—
65c
«
Jan
87
8.25
Preferred
Gunnar
July
4
6.00 July
275
55% July
U
_
Perron
101
87
17%
Ltd
Paper com vtc
Western
8c
May
1
9
8%
Apr
2% Aug
17
5
Preferred
Voting
9
45%
100
*
common
Omega Gold Mines
15%
-14,550
•
Grandoro Mines
Great
Jan
88
Jan
23%
125
370
2%
Mines_JuJ—
Gold
33c
87,000
28c
.
3
809
26 %
18%
-—„—,——.
Preferred
:
100
25%
Goodyear Tire & Rubber common...
Common
:
Jun
35% Aug
May
4%c
July
27
Jan
75
26
Mining—
Lakes
5.10
Apr
23 % Mar
27
18 %
Graham Bousauet Gold Mines
Great
7% July
3Va
Mining
Preferred
Feb
20
,
55%
2 Va
II"
O'Leary Malartic
Loan
Jun
2,000
3Vb
54%
Mar
36c
Aug
1,715
Mines
Gate
Goodfish
O'Brien
Crush
4
80
35%
.
..
Orange
22
6V2C
35
Oil
_
Ontario
Jan
80
100
Mines
Star
Preferred
Aug
Jun
6 Vic
Goldale Mine
Golden
40
1—100
Gillies Lake-Porcupine Gold
Aug
3.10
700
27
35
Giant Yellowknife Gold Mines———
Glenora
4.60
27
•
Preferred
North
July
63c
6
10
4.40
4.60
"
preferred
5%
Jan
3
19%
.
Aug
*
Northern Empire Mines Co
New
6.30
General Steel Wares—
2.70
Jani
1.66
60
10
7%
7%
74c
common
•
:
May
12%c
May
22 Va
Feb
4% July
32c
Jan
47c
100,530
20
19%
7c
7,250
4
—"
Mines
Exploration
Frobisher
19%
.—•
*
1
100
1
*
•
L
*
Famous
Federal
63c
5%
Jun
Apr
«
Okalta Oils common
48,500
2.45
50 %c
25
Nickel Mines
Falconbridge
2.36
60c
*
j
Insurance
Life
Equitable
2.45
14
Jun
9c
9,125
10c
9c
2%
466
-
23c 25 %c
*
Electric A
12% July
July
Feb
7%
i
1
Mines
Sullivan
English
9% July
Feb
99C
18%
58
Ltd
Jan
Aug
1,418
Vulr
Mines
500
10c
Eastern Malartic Mines—
26% Aug
Canada
200
83%
21,3r0
___
_
Northern
12
23c
Oil.
Crest
East
20
1
—
_
Mines
Apr
7
Jan
7/c
;
Corp
11%
.
Norgold
74 Va
55
5
Mines
Noranda Mines
Mining
12
■
,
>
;
31% Julv
163
20
1.45
Normetal
11%
12
11%
•
Rights
100
Nipissing
Mar
82
22%
•
Apr
21%
1,140
Jun
1.12
81
•
2.15
6/c
Mines
July
3%
*
.
Dominion Woollens common——
Duquesne
26
8J/a
Negus
42
Feb
8Vs
Jan
Apr
20
1.75 May
2 Ve
25c
1
15
21 Va
»
Jun
National Petroleum
—
55
70c
•
.
common
High
3,095
20
21%
•
National Steel Car
May
49
8V8
common—*
r
Chemical
&
421
162
Cafeterias
Aug
Jan
28%
Muirheads
—
1
Power
Low
2.15
19 Va
mmim
100
r
Range Since January 1
High
2.06
2.13
{: V''.,
common
Knitting pfd
Moneta Porcupine
Montreal Light Heat &
Moore Corp common—
18c
33% Mar
160
•
25
Dominion Steel class B
Dominion
345
Containers
70c
Mar
70c
1,500
38
Aug
;';v'
12c
27%
'
—
1.00
162
100
Bank
Dominion
96c
37 Va
*
Aug
2.84 July
July
19
7,000
.
137
Jan
I.1,'.'
Distillers Corp—Seagrams common
July
55% July
38% Jan
940
!
-
14c 17"% C
1
——
*
Mining Corp
'
■
Box div
Imperial Mills__:
Corrugated
1.75 Aug
Jun
1.62
15%
*
5
100
1
& Smelting
Mining
1.15
350
Shares
Low
Par
15%
•
Bakeries
Consolidated
Consolidated
Range Since January 1
Low
" High
for Week
Range
of Prices
Sale Price
STOCKS—
Sales
Week's
Last
High
Mines
^
Friday
Shares
Par
Coniagas Mines
11
AUGUST
for Week
of Prices
Sale Price
STOCKS—
ENDING
gates
Week's
Last
WEEK
FOR
RANGE
MARKETS
LISTED
CANADIAN
Coniaurum
657
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4307
160
Jun
July
25% July
106 %
.
Aug
35% July
23
Jan
Preferred
—.
-50
15
Apr
17 v. July
54
5
54
Aug
54
2,035
10.960
l
3.75
3.70
3.75
*
Tip Top Tailors com
*
Towagmac Exploration CCo
1
Traders Finance A pfd
——____$100
58C
50c
58c
*
81c
TecK-Hughei Gold
Mines
Thompson-Lund Mark Gold Mines
Transcontinental Resources
24c
70
54
*
Tamblvn Ltd common
May
11
10
11
340
34c
26 Vac
35c
9,600
92 %
92%
48
85c
14,300
8
1,425
78c
7%
,
3.20
Apr
50c
July
8'/a
Jan
15c
Mar
Aug
4.00 July
79c
Jun
Jan
11
83c
July
88% Mar
92 %
Aug
40c
95c
Jun
Mar
6%
Jan
Feb
8%
—
Mines
Jason
_i
Jellicoe MinesJ
M
Consolidated Gold Mines—.
Kerr-Addison
7%C
1
4%c
Labrador
5,000
3c
Apr
6%c
Jan
35c
18,600
23c
Jan
41c
Jun
6c
4c
8c
40.899
4%c Jun
4%c
2,714
l%c Jan
10%
Mines.
10%
2,125
1.01
1.05
9,900
3.00
3.30
5,250
1.95
1.86
2.01
4,850
1
Ltd
Mines
Lapa Cadillac Gold Mines
Lamaque Gold
3.30
1
Lake Dufault Mines Ltd
Mines.
10%
1.03
Gold
Mining & Exploration
Shore
4%C
32c
19
18%
19
285
6.25
6.30
1
*
1
-
1.03
1.18
1.25
5,350
Loblaw
•
27%
385
—
MacLeod-Cocxshutt Gold Mines
Gold
•
-
..
2'%
Feb
27% Aug
22 %
26
45
3,475
3.40
Jan
4.50 July
2.50
2.65
6,500
2.12 May
2.74 July
2.05
2.20
3,965
1.60
Jan
2.20
Jun
3.60
3.35
Jan
4.25
9,750
3c
37,500
9%
70
7%
Jan
*
7
7%
325
5%
Apr
16V»
16%
135
10
9%
16%
9c
20%
26
July
10
July
38
Feb
*
"
5c
4%c
Jun
Upper Canada Mines Ltd
Vermilata
1
United
Oils
Gold
Mercury Mills
17
Waite-Amulet
11c
Fnr
4%c
Apr
655
7%
Feb
20%
21
360
19%
Jan
20
-5
61%
61%
420
1.54
1.45
1.60
4.1Q5
3%c
3%C
3%c
3,000
1
Gold
61%
J
16c
9%
see
2.45
2.68
21,700
11%
11%
11%
2,991
Ltd
& Worts
Mines,
•
*
1
Western Canada Flour pfd——.—100
Western Grocers Ltd common
*
Preferred
100
West Malartic Mines—
—*
1
Lake Gold
Westons
Ltd
22
6%
Apr
9%
Jun
Jan
5.45
July
Feb
63
Mar
20 % May
22
July
1,360
■'
151
1.46
63
21%
250
82C
54,200
80
80
10
135
151
677
145
60
1.15
1.67
73,900
17%
17%
50
10c
24,000
57%
19c
68c
Jun
92c
July
75
Jan
94 Va
Mar
79% Jan
121 Va
Jan
97c
15
Aug
151
Aug
145
Aug
1.67
Aug
Jan
17% July
Jan
55% May
20c
May
3%c Jan
1.68. July
5%c
Jan
July
55c
Jan
46c
July
15c
Mar
40 %c
July
26c
?4c
29c
28c
29c
7,500
12%
12
38c
34 %c
13%.
Apr
1
3,155
6
IOO
62
64 Va
301
60%
Jan
69 Va
Apr
•
Wright-Hargreaves Mines
4.10
4.00
4.10
1,905
2.95
Jan
4.50
July
Toronto Stock
95,500
5% Aug
7%
Mar
Exchange-Curb Section
Canadian Funds
FHday
Sale Price
STOCKS—
Andian
Columbia
Brown
Jan
13% Aug
Bulolo
Gold
Jan
59c
Bruns
Co pfd
May
Range since January 1
Low
High
High
23
Jun
21
Aug
35
22
July
21
100
21
Aug
8
8
50
"A"
.
18
18
18
110
14% May
18
37%
37 %
37%
116
28%
39% July
9%
9%
50
7Va Mar
18%
18%
100
18% Aug
7%
8
54
7% Aug
*
Pulp & Paper——*
100
Mills
6
Shares
21
Co pfd
Silk
for Week
22
Ltd
Beeth & Son class
British
Sales
Range
22
22
National Corp
Asbestos Corp
Week's
of Prices
Low
Par
19%c
-
4 le¬
May
9c
5%
64
63% July
1.34
4c
9c
5%
100
Preferred
106% July
7c
30%c
•
659.
Jan
8c
4.50
1
•
Winnipeg Electric common
Jun
Jan
102
15c
1
Gas
*
13% July
8,000
61
*
common
May
17.900
*
page
-
Jun
2.089
140
■
Jan
6.00
2.70
5.10
75c
77c
'.
Jan
1.96
8%C
21%
62
com
Jun
7c
5Va July
8c
5.10
Mines
3% Mar
5.00
8%C
*
Jun
16c 17 %C
20.700
*
footnotes
2.60
Preferred
Wasa
July
2,000
1
&
275
•
Walker-Gooderham
Aug
9
40
Mines
Oil
6,500
4%
Feb
Feb
9'Ac
8
—
Mid-Continental
5%c
1
Oils
Bruch
McWatters
5c
4%
,
7% July
13
9c
106
Mines
Graham
1 %c Mar
8%
8
Mines
Lake
18
Jan
Jan
3.70
9%
105
Mines
Red
Jan
32%
Jun
3c
Jan
2 Vac
3,65
2%c
•
Porcupine Mines
Gold
12
73
A
Last
common
Lake
240
class
Wiltsey-Coghlan Mines
——100
Red
18
38
Corp BFuel
...
Preferred
McVittie
1.35 July
4.10
20
"'".Mr
McMarmac
Jan
4.00
1
*
common
Preferred
McLellan
90c
*
Preferred
Mclntyre
1.45 July
25 %
*
Maralgo Mines
McKenzie
Apr
4.05
2.65
1
Fields
McColF Frontenac
July
25%
1
Mines
Maple Leaf Gardens pfd
Maple Leaf Milling Co common
'
Apr
i
1
Manitoba & Eastern Mines
Massey-Harris
6.75 July
*
——
Mines, Ltd
Gold
20% July
16
13%
26V4
Jan
Jan.
490
1.20
Malartic
14%
16
•
Lake
July
15%
Little Long
Red
2.75
2,000
5,415
Madsen
Jan
80c
8%c
1.30
Class "B"
Jun
15c
1.26
Macassa
3.50
Jun
1.30
27 %
1.51 May
Jan
1
Lac Gold Mines Ltd.
Groceterias class A
17%
37%
United
United
v
1.20 July
5.70
Ltd
Gold Mines.
Aug
11% July
6%c
3
Leitch
Jan
650
Candy—,
Laura Secord
8.75 May
90c
9c
9c
15%
...
8c
6%c July
18
38
———.
United Steel
Lake
Kirkland
Lake
4%c
-
50
Ventures, Ltd.
Jacola Mines
*
*
Union Gas Co
Dredging
•
*
18%
-.
__
5%
Jan
Apr
12 Va May
9V4
Aug
Aug
18% Aug
8 Va
Aug
.-It >l£tNA>7<utalifcDi.
iV
,^u»MJWpl4W^*kM.MwSi J
.1
.;v'. :';:v;v •:
'
Low
Far
Oil
* '■
—
—
1.22
1,800
_———
1.45
1.05 May
19
65
11%
1,045
10% Jun
12% July
15c
49c
13
Jun
Jan
27c
29s
2,000
<71.30
1.35
3,500
1.30 Aug
99/2
99%
99%
25
99% Aug
8c
8%c
2,200
27
40
--
»c
Thayers 1st pfd—
27
**
,
Preferred
Tuckett
8c
1.72
lie
30
Jun
common
July
Preferred
76
Jun
Jan
159
10
69
159
95
4
95
57%
58
135
l5%
'63
135
5%
64%
22%
64
„
22 %
50
29
250
29
29
25
——
Jan
76
4
—
*
—
July
159
5%
109
common
Feb
69
76
58
•
—
Zellers Ltd
11
Feb
63
„
*
.
23
Jun
115
4
100
Grocers Ltd——————
Preferred
Apr'
23
9%
69
„
*
Winnipeg Electric
Mar
1
preferred
Cotton
Western
99% Aug
May
27
Wabasso
Feb
16
'23
9%
69
100
preferred
19% July
24% July
410
76
Corp——i-.—-.—*
Biscuit
Viau
Jan
Steel
Feb
Jan
35
24
9%
1
15
21%
19%
4
—*
—————25
Tobacco
United
Range since January
Shares
of Prices
19%
—
—*
———'
•
23%
—
-•
Steel Co."of Canada common.———f
July
18%
——
High
Low
High
Range
Sale Price
of Canada com—*
common—
Southern.Canada Power
Feb
11
Breweries
Simpson Ltd class B——
Jan
July
*
1
pfd
Price Bros
18
30
135
*
Temlskaming Mining
Feb
Jan
1
Metals—
Pend Oreille Mines <fc
12%
24 %
.
11
Osisko Lake Mines
Sick's
Mar
25
125
18%
>-
Ontario Paper
&
41c
May
13
28%
1.17
Hayes Steel
Minnesota
30c
13
Gas
&
^ 1,775
Par
Sherwin-Williams
July
9
Jan
28
pfd
Bridge Co
Foothills
5%
3,042
35c
35c
""
—
Steel
Disher
Dominion
8%
V
High
Low
High
7%
%Vb
*
Consolidated Paper
Dalhousie Oil
iS&f&iv.: Last.
Range Since January 1
Shares
of Prices
Sale Trie®
STOCKS—
Low
for Week
Range
Sales
Week's
Friday
STOCKS—
T
Sales
Week's
East
11
RANGE FOR WEEK ENDING AUGUST
,
Friday
MARKETS
LISTED
CANADIAN
Monday, August 14, 1944
CHRONICLE
THE COMMERCIAL & FINANCIAL
658
2
:
Aug
'
95
8%
'
;
154
10
37/a
25
Aug
5% July
Feb
'
'
T8
150
50
Jan
50
85
95
Jan
Feb;
10
'
Aug
July
58
135
Aug
5% Aug
7%
Mar
62
Jan
69%
Apr
18%
Feb
495
165
22% July
29
Jun
136
Aug
27%. Jan
Banks-
100
Commerce
4
Low
Par
,
for Week
of Prices
127
130
May
147% May
Jan
155
154
232
8
229
July
240
JaU
100
—
139
139
52
135
Jan
142
Mar
237
237
2
234
May
237
Aug
49%
49
$12,000
49
Jun
Royai
8 ales
Range
Last
25
136
152
232
154
■ ■
•
'
Toronto
Week's
Friday
Sale Price
133%
-
—
.100 ■'
:
Scotia
Nova
Canadian Funds
STOCKS—
136
.100
Montreal
Montreal Slock Exchange
■
,—100
—
_
Bonds—
Shares
Ranre sine# January 1
High
Montreal
t
Power
Notes
—
,
49
—
50%
Feb
High
Low
>
of Can pfd
Aluminum Co
Asbestos
Tel &
Asoc
Jun
Jan
13
Jun
88
Jan
98%
Jan
100
120
96%
Jan
101% July
52%
100
47
Jan
52% Aug
20%
21
636
187/a May
24
July
39%
39%
10
28% Mar
40
Jun
15%
15%
310
13%
16% Mar
155
155
193
22%
21
Teleg preferred—
11%
9
68
52%
100
"
Corp
Jan
285
92
100
'■
4-W
.150
Anglo Cdn Tel Co preferred
5%
11%
91
*
*
100
7
11%
—*
Ltd com
Glove Works
Acme
Algoma Steel com
Ltd
Aluminium
7
22%
2,001
-
«...
—
50
,
Montreal Curb Market
Bathurst Power &
Paper class A——•
BelJ
of Canada
Co
Telephone
100
22%
•
Brit Columbia Power Corp A„—,—*
Bruck Silk Mills
*
Brazilian Traction Lt & Pwr
20%
20%
.
Jan
151% Mar
21%
130
156%
Last
24
19% May
Sale Price
Par
Jun
Abltibl Power &. Paper common
24% Jun
Jan
6%
preferred
9
Jan
9% July
18%
18%
245
15%
Jan
20% July
Bright & Co
18%
18%
19
2,256
15%
Jan
20% May
British
American Oil Co Ltd
British
Columbia
*
8%
8%
*
114%
* *
—-.5
Canada Cement common
Preferred
;i
—
*
Canada Forgings class A
Canada
Steamship common
5%
Power
preferred
Canadian
•
Old
5
11%
Northern
Canada
•
123
41
38
38
130":
33%
■
"
■
Aug
10% July
8
Apr
Jan
28
Feb
Canadian International Inv Tr
Jan
30
Jan
Canadian
36
Jan
45
Jun
Candn Power & Paper Inv Ltd
141% May
154
♦
Tv'V".
41
common
147%
W—
!vVv
Mining & Smelting&
51%
52.
6% July
Coal
Dominion
Dairies
Canadian
Claude
39
Jan
July
July
July
55% July
27%
Jan
31% July
Consolidated Div Sec A
29%
Feb
mm
Foundries
8teel
8%
297
4 Vb
Mar
10
17%
Apr
24
Jun
25%
25%
75
22
Apr
160
160
35
150
Jan
Apr
25%
Enamel
&
Heating
English
Electric
Co
188
7
175
9
Jan
12 %
Jun
435
8
Jan
12%
Jun
Foreign Power Sec Corp Ltd
Eraser Companies Limited
1
1
Prod——
V'
*
"A"
'
'•
•
Gatineau Power common
preferred
Wares
?' M«'
8%
-
17%
/P.
___«
475
5%
July
Apr
50
100
Aug
Holt, Renfrew preferred
101
Smith
Paper
5
Montreal Refrig & Storage
Bay Mining
——
97
97
30
88
Jan
97
Aug
18%
18%
18%
600
13%
Jan
111
111
106% Mar
111
July
v
July
28%
—
29
61
26% Mar
32
14
14%
3,588
12% Apr
15% July
Thrift
12%
*
.,
19% July
128
Oil
Imperial
Tobacco
Preferred
Ltd
of
Can
5
common
—£1
——
Industrial Acceptance Corp
Preferred
International
Bronze
12%
575
10%
13 Va July
United
Preferred
Lake
of
the Woods
Lindsay
100
96
Mar
100
22
Jan
26
Apr
33
32%
20
21
89
89
89
*
22
21%
Jan
26
Jan
140
16
25
Jan
16
July
8
8
25
9
•
8%
•
20%
37%
•
58
25%
»
VV
.
•
■
_
•
& Co
,
.'
preferred
Provincial
_
». u,
•
Ltd common
Rolland
Aug
24
Jan
Jan
18
15%
Jan
26
/:
540
48%
Jan
60
23%
Feb
27
26
8
:
Jan
Feb
26 %
24
7
Jan
9
6%
7
5%
Jun
8
28
27%
28
860
19
Jan
29
Paper
99%
99%
55
93
Jan
100
ZH*
common
8%
8%
200
8
Jun
9
Jun
12%
12%
280
12
May
14
Feb
.
♦
~
—
--
10
10%
1,140
11%
11%
50
Lawrence
St
Class
A
Corp
100
common
50
St
Lawrence
Flour
St.
Lawrence
Paper preferred
common
Shawinigan Water & Power
For
footnotes
see
page
3~
•
preferred
Mills
102 103'/a
*
100
♦
659.
15%
2% —-3%—"*"1,630
15%
33%
.
__
100
7% Mar
10% July
9
11% Aug
100
106
20%.
_4;
8%
Pato
Jan
.
,
Preston-East
—
Sherritt-Gordon
Feb
2% Mar
15%
135
13
Apr
103 %
Aug
3% July
16% July
Gold
Siscoe
.Sullivan
34
170
32
Apr
35
July,
British
57
57
125
46%
Apr
58
JulyO
Home
15%
3,095
13% May
Jan
Mines
19%
Jan
22 Vb May
52
103%
Jan
Jan
106% July
8% Mar
5% May
1.50
28
Apr
Aug
4
Aug
Aug
5%
108
100
25
28
44
3 %
90
3%
3%
75
130
62
-
'
'
77
Aug
Jan
100
May
103% July
17c
106% May
May
6%
'
30c
Jan
1.75
57%
Jan
3% Mar
Feb
63
Jan
31c
15c
28c
2,500
4c
3,040
2c
Jan
5c
6,500
82c
July
92c
Jan
15%c July
Jan
13% Aug
10,500
2%c
7c
2.44
100
75c
4,300
28c
|4/# 26c
26c
,j§4.4 4V2c 4%c
300
1,429
26%
11c
11c
-
4,000
10c
1,000
3.15 ' 3.30
'1,100
10c
.
18V2
18%
3.70
3.70
I
fv-
Jan
4c
6c
I-
64c
Aug
July
11%
66c
/
Aug
July
10c
25
500
1,100
v4 200
1.75
Jan
Apr
34
l%c Jan
•
3c
3.50 Julv
20
Feb
4.25
56% May
1.35 Aug
1.38
7c
July
July
May
18C
Feb
2,150
Jun
6c
1.51 May
3.40
Jun
Aug
15c
Jan
4VbC Jan
15%
July
63
.2.05
.,
Jan
July
July
July
July
4.35 July
15c
July
Mines
9'/2c
10c
|4
4.55
L15
f 1.13
4.55
1.20
2,200
4-05
4.10
1,000
90c
90c
40
90c
Aug
90c
Aug
t
70c
70c
100
66c
Jun
90c
Juiy
■?.
90c
92c
3,900
42c
Mar
f 1.72
1.80
2,800
1.60
Jun
1.95 July
4.10
4.30
1,900
3.40
Jun
4.35 Aug
450
2.95
Feb
4.45
I,
I
4v
.
4_
$0c
1
1-
1
Ltd
1175
1
*
74
*
;
£4
k/;
f—
•
I
4
4
4 00
"
75c
Jun
1,200
:.
9c
2.47
-.,
July
300
.
1
22c
July
2.60
Jan
500
.
6c
July
•
14
14
,1
Ltd
Ltd
;
22c
May
500
9c
22c
>
1.10
300
l r?0
%-*■ i
Mar
i'
•
2.44
•
Jan
37% Aug
92c
-$0
/
Mar
6%
37% Aug
3%c
27c
Feb
May
91%
75
«
1.60 May
32
4
37%
12% July
Apr
100
61 %
Jun
Aug
28%
40
4
4'A
17
98%
104
*
16% Aug
16%
1.25 Jan
40
^
7% July
Feb
15% Ajr
3,288
75c
,
Oils
Ltd
570
9c• 9c
1
Ltd
Ltd
Co
13%
37%
#4
1
C.
Ltd
Dominion
Oils
715
25
100
23c
,>4
...
Oil
Pacalta
23% July
9c
*
Oils—
14%
16
B.
Mines
Hargreaves
Jan
17.
Rock Iron Mines.
Wright
18
1
-
of
Cons, Mines
Jun
575
—1
•c.i4
61% 61%
—*
- '>
1.35
1.50
1.4 3fv70"| 3.60' 3.85
'
Dredging
Mines
Apr
33
6%
4-
X
—
Ltd
Dome
46
Feb
23c
4"
1
—
Mines
Feb
20
7%
-
4% July
45
10%
"
4,
1
Ltd
Mines Ltd
Gold
Pioneer
3% Jan
7
27
6%
*
:
Gold
Mar
57
1
Gold Mines Ltd
*
Gold
45c
28% July
Apr
21
98%
I-04
$4
J.
i
Goldfields
Cons
Perron
Jua
Feb
Jan
106
4
4
%
1
Mines
26%
25c
625
23c
'
23%
Jan
7V8
16%
16%
1.50
28
4
May
20
8Va
4
Feb
3% July
11%
,i,
4-''
July
4
8Vs
,
15
2% May
11%
11%"
28c
Ltd
Ltd
Mines
Gold
O'Brien
Steep
Saguenay Power preferred—
Mines
Ltd
Negus Mines
Aug
8%
common
Gold
Mines
Mclntyre-Porcupine Mines Ltd
July
99%
*
7%
16%
16V2
20%
—•
1
:
Mines
Shore
Malartic
Jun
•200
46
21
22 %
—1
—
Pandora Cadallic Gold Mines
•'
v
4'%
—■
—1
Kirkland Gold Rand Ltd
Mar
'
125
100
4J%
46
—20%
22 %>
22
Feb
10
3
1,190
4%;»
1
Ltdl
Consolidated
Labrador
July
3
^
Joliet-Quebec Mines Ltd
Lake
July
July
12 V2
Knitting
J-M
.
July
July
85
*
28 %
Apr
Aug
7%
12
Feb
5%
84c
Gold Mines Ltd
Mines
Goldale
37% July
13%
Malartic
East
July
20
174
27 %
*
Cadillac
Central
22% Aug
33
Mines
Francoeur
•
Transport
Quebec Power
Regent
75
Apr
820
8
--
•
.100
Jan
26
26
26
100
Corp of Canada
Jun
:
>
28%
*
Ltd
Gold Mines Ltd
Bralorne
Jun
9%
58
•
■
Rwys.
9%
18%
1,175
25
57%
25%
•
100
*
Bidgood Kirk Gold Mines—
Bouscadillac Gold Mines Ltd
27% Jun
25
17 v-;
24
•
common
381
'r-/
k;
*
87/s July
25c
*
v
12% Aug
Jan
26%
Vot Trust-*
Exploration
Beaufor
Apr
861
37%
16%
17
•
Apr
Jan
8%
72
35
9,633
20%
36%
100
common
Car
Feb
67/a
16
75
22%
Apr
8
755
-
75
21%
8
925
8%
25%
75
21%
•
Ottawa L H & Power common
5%
8
I—100
common
9
8%
25%
--
13%
Mines
Bear
Apr
16
*
*
Jan
5%
26
■
-4
Aumaque Gold Mines
Feb
23
135
Noranda Mines Ltd
Price Bros
Arno
Jan
35
Corp
Niagara Wire Weaving
Power
July
22%
*
•1
Jun
10
'
17
2,835
25c
3 "
26%;
*
*
Aldermac Copper Corp Ltd
Jun
92
—i——3
Breweries
Electric
Apr
Jun
22
100
Tramways
Ottawa
19%
1,120
35%
*' *■'.
'
Aug
Aug
40c
95
10
commons
Mines—
"
26
Montreal Lt Ht & Power Cons
Ogllvie Flour Mills
Jan
140
•
Steel
Apr
76
26
1
National
22'"
/
'
Oil
National
14%
6
a
140
26
»
(Robert)
Montreal
453
,
100
common———
Cottons
519
33
21
July
20
Jan
475
Investment A—-—-—-—-
Fuel
Aug
15c
3%
Walkerville Brewery Ltd
;
*
Walker-Gooderham & Worts com——;_*
Jun
28
Stores 'Ltd
Jun
2
Ltd
Co
Candy
McColl-Frontenac
Montreal
Mar
IOO
25%
25%
15
Massey-Harris
Mitchell
25%
99
25%
100
1
(C W)
7% Aug
Jun
26
common
Preferred
Laura Secord
6
21
25
.'*
Paper common
_L
Petroleum
100
80
._*
_2—1___ ■
International
7%
7%
Jan
100
com
pfd
Int Nickel of Canada common
International
14%
•
12
67
"
2,//2
3:-v
100
Investment
Southmount
!
Imperial
May
30c
21/4
'14-
*
—*
Noorduyn Aviation Ltd
*
Nova Scotia Light
Power1 com—*
Power Corp of Can 6% cum 1st pfd_100
Southern Canada Power 6% pfd
100
Jun
Aug
5
Mar
10
,
.
13
8%
.
—
$3 cum pfd——
Mount Royal Hotel
Jun
Feb
10c
722
8%
pfd—100
Pfd
Jun
12%
7%
2
Jan
Jun
75
25
12%
—
47%
1,500
20
17
com__10
Paper
6%
10
111
19%*
„
•
pfd
Ltd
Ontario
&
Minnesota
3,490
30c
8%
■
100
*
A
cum
Jun
*
common—
Preferred
5%
Distilleries
Melchers
Aug
925
:
Ltd
Co
McColl-Frontenac Oil 6%
914
11%
100
—
;,
*
Ltd
Apr
11%
_„5
—
Massev-Harris
30
4%
25c
—
Leaf Milling Co Ltd common—*
preferred
i
—_*
& Tel Co
56%
4%
—
*
Co
May
6%
100
Hollinger Gold Mines—
A
40
56%
_j,
4%
Maple
Maritime Teleg
17% Aug
11% Mar
80
8%
10
90
85
6,700
101
8%
5%
•
Jan
5Ian
8%
25
.
100
100
Bridge
86%
17
17%
*
:
common
preferred
Gypsum. Lime & Alabastlne
80
8%
.86.
100
—...
Jun
Jun
125
12
May
Jun
56%
50%
July
8%
8
6
Jan
50
50
75c
12
530
19
67%
115
8%
9%
21
Jan
5
18%
International
Apr
7
Jun
5
34% July
Inter-City Baking Company Ltd
Jan
8% Aug
Jan
5
Hydro-Electric Securities Corporation.*
Jan
4% May
45c
Jan
Feb
4%
500
Jan
Aug
14%
5
8
Jan
Aug
20
45c
8
;
3%
74
Paper
2% Mar
45c
„
*
A—
Corp
2% Mar
Jan
1.85
16
165
25
Aug
Jan
50c
75
2%
28%
Feb
50
158%
23
130
158
2%
__
1
Apr
160
145% May
158
1.00, ■■1.00
Feb
50
Apr
6
Aug
330
68
18%
12%
50
4
104
20%
Jan
12%
17%
155
6
10%
12 %
__
Jan
34%
1
18%
19% July
Jun
99
110%
4
115
&
Jan
4
,50
80Aug
17%
140
Power
15
15
46% Jan
33%
70
MacLaren
Jan
Feb
22% July
'
110
11V4 July
110
90
110
39% July
107
34%,
163
20%
■
ix,
•
—
Ford Motor of Canada Ltd
Utilities
49%
80
15
*
9%
..
20%.
*
Canada
110
Jan
110
*
70
110
Aug
290
1,471
30
250
1
*
163
';
May
20
49
*
1
12
;
31
104
__
:——5
'
8%
110
100
80
*
Ltd
Ltd
12%
;
.
of
Aircraft
38%
104
21%
„
21%
•
8
100
38
104
21 %
38%
'
.
_100
12
—100
2.40 Julv
•
pfd
11%
8%
common
Preferred
j
9% July
7%
Pr
Aircraft
Fleet
Apr
1.55
*
1
Linoleum
&
Paper Co Ltd
Kootonay
Fairchild
Mar
2,350
*
•
26
common
Preferred
Corp
26% July
163
Oilcloth
Donnacona
East
2.15
_2%
Paper Corp Ltd
Dominion Woollens common—,
July
5
2.15
„
*
Frere Limitee A—>
&
17% Aug
*
—-
•
Coal B
Ltd
Electrolux
David
Dominion
May
——.1
Preferred
Jan
Jan
16
—i———L—19%
Consolidated
July
14
22%
—*
Dominion Textile
Hudson
31
8%
;__10O
Stores
Howard
Jan
12-% Aug
22%
Steel
&
Dominion Tar & Chemical
Hamilton
23%
90
Co_„L
General Advert
Preferred
41% Mar
33% Feb
376
12%
•
preferred—
Dominion Glass
Steel
350
28%
Westinghouse
Neon
23
130
*
Cassidy's Ltd common '
14
JUT!
455
—100
14
Jun
27y4
26
com_—*
„—
70-
35
common—
preferred
preferred
75
38
B_:
Ltd
common
175
/
36
37%
'Z~.m-
7%
July
17%
*
Jan
12%
•
25
Vickers Ltd
Canadian
class
;
11%
20
28%
38
—..*
.'
preferred
preferred
Aug
6 %
23%
17%
1
645
52
36
—
Jan
Ltd
Co
27
Jan
10% Jan
,
6,078
■
,
31s 31%
31%
»
13
155
62
13%
13
5
Co_——
80
61
_—*
Seal
6
Feb
5%
July
6% July
5
155
12%
13%
25
5%
6
5%
■
*
,
55
6
6
—
15
150
41
'
Industries
Marconi
95
Mar
25%
*
27
Canadian
20
*
Ltd—
25
Bridge
New
Invest
545
26
100
Ltd
Co
20
Distillers Seagrams
General
& Dock
80
•
Dominion
5%
Gen
23%
22%
pfd__100
385
Glass
Foundation
Canadian
39
Jan
pfd
9
9
;—100
Dominion
Dominion
Dredge
49% Aug
Jan
6% July
23%
•
6%%
28
Plow
Dominion
Canadian
Apr
60
95
6%
——_*
7%
Power
Cable
&
Co
26%
Locomotive
Dominion
Wire
Mar
45
Jan
r.-/:;
5%
8%
4% July
95
49%
High
Apr
6%
„
100
Sugar
9
common—
Alcohol
Ccrk
Malting Co Ltd—
Canada
Jan
pfd
Dominion
26
Canadian Pacific Railway—
Crown
Canada
Jun
Jan
5%
43
'
Consolidated
Feb
Aug
9% Apr
31%
42%
♦
Consumers
12%
40
790
425
1,535
..
—
Power 6%
28
Class B
Cockshutt
&
40
7%
'
Canadian
Canada
25
7%
Ind
Calgary
Jan
;——.—*
Celanese
Canadian
Aug
9
43
*
common
preferred
Preferred
Jan
15
Aug
2%
27
6,060
4,540
95
31
95
——100
21
Jun
5
7%
-
Preferred
Apr
12
Low
4%
4
44%
48%
1
18
Range since January 1
High
•
common
25
11%
39%
Co
4%
Pulp & Paper com_*
25
15
5%
■■
Brown
117% July
Columbia
Shares
*
Ltd—,
Packers
British
Jun
.—
—
—
5,150
21
15
•
preferred
Canadian
103% May
7%
Canadian Car & Foundry common—*
New
50
9%
6% Jan
•
-
Bronze
865
'
:
*
common
Preferred
8%
21
■.
50
-—
Breweries
Canadian
—•
5V«
*
Northern
8
113 114%
Foundries new——100
Canada Iron
Canada
60
,
Sales
for Week
Low
•
—100
—100
100
preferred
7%
Jan
9
18%
—
Building Products class A—
Bulolo Gold Dredging
Week's
Range "
of Prices
Friday
STOCKS—
15%
Funds
Canadian
2,550
245
4"
3.40
90c
2.10
Jan
,,
Jan
;
May
;
Apr
4.55 Aug
1.35 July
4.20
July
1.25 July
July
.4
"
1.27
1.27
3.10
3.20
4c
4c
.
200
765
1,500
1.16
Jun
3.05
Jun
3%c
Apr
1.30 July
3.65 Mar
4%c
Jan
THE COMMERCIAL & FINANCIAL CHRONICLE
160 : Number 4307
Volume
C59
OVER-THE-COUNTER MARKETS
'
Quotations for Friday Aug.
11
For
Investing Companies
r»r
1
IV*
10
American Business Shares
1
American Foreign Investing. 10c
Assoc Stand Oil Shares
2
Axe-Houghton Fund Inc—-—1
Bid
Aeronautical Securities
Affiliated Fund Inc
Holding Corp
AAraerex
,
dsk
6.89
3.91
28%
3.75
14.40
614
15.00
7.49
Series
Series
B-2
4.10
Series
B-3
-15.62
Scries
1
9
preferred
A6%
10
Industry Shares
Basic
America
of
Tr
Inv
Bond
5
9
Fund Inc
Boston
Co Inc
Fund Ltd..—
—1
Broad Street Invest
Bullock
29.29
10.38
17.09
21.66
23.84
25.25
27.72
13.09
14.41
10.23
11.27
4.69
5.21
6.22
6.82
•
95.26
97.20'
10
40.47
Century
41.30
Series
S-2
Series
S-3
8-4
Knickerbocker
Fund
19.26
31.81
Loomls Sayles Mut Fund-.
17.32
Securities
Christiana
Preferred
Commonwealth Invest—
—100
.—1
Series AA
1
—J
;
Loomis Sayles
Sec Fund
2.29
Invest
Natlon-Wide
(Colo)
2d
1
Inc
4.86
12.61
Securities—
Bell Teletype NY 1-953
Insurance
•
3.82
*
Bio
Par
Aetna Casual A
Surety
Aetna
Life
50%
'
10
1.46
Agricultural
25
8.24
American
10
American Casualty
3.52
3.97
American
Equitable
5
16%
7.06
7.77
American
5.21
Fidelity & Casualty_5
Jersey Insurance of N
20
38'A
41%
Massachusetts Bonding
11%
10%
American of Newark
15%
86%
12% '
18%
11% "
X4.71
;
series
13%
84%
35%
77%
23%
217/8
Alliance
10
Merch
Monarch
Fire
National
Casualty
Homestead
J
53
74
7.62
*
10
Fire
Maryland
Mfrs
D
Dividend Shares.
15%
16%
American
Re-Insurance
10
50%
7.93
American
Reserve
10
15
53%
16 %
13.89
American
Surety
25
56%
58%
10
36%
39%
National Union
—2%
6%
7%
1
Automobile
10.53
11.57
Baltimore American
5.75
6.55
Automobile
6.60
7.27
Bankers & Shippers
1.28
1.40
Aviation
8.82
9.70
Boston
stock
81
Fire
10.66
7.61
8.37
City of New York
10
17%
19%
North
8.20
9.02
Connecticut General Life
10
48%
50% '
31,19
33.54
Electrical
8.24
9.06
Continental Casualty
40
391/2
40%
Insurance
A—1
Invest Inc
2
Trust Shares A..2
3.80
~4.40
23.18
25.40
4.90
5.66
6.14
5.49
>
Trust
Employees Group
Employers Reinsurance
10
57%
42%
32%
61%
6.16
6.78
Federal
io
46
9.79
10.76
Fidelity & Deposit of Md
20
133
—
—™
Fire Assn of Phlla
10
61%
65%
8.04
Fireman's Fd of San Fran
10
89%
93%
6.85
Firemen's
5
11%
12%
8
24%
26"%
Revere
8
47%
50%
St Paul Fire & Marine
10
10
25
North Amer Bond Trust ctfs
North
Franklin
39% :
-
Newark..
Fire
General Reinsurance Corp
shares
Trust
Amer
of
10
17%
19%
8
42'A
44%
Security New Haven
5.54
5.97
Series 1956
1
2.73
Globe & Republic
8
2.40
Globe
8%
20%
9%
22'A
Springfield Fire & Marine
1
7.59
1958
;
Plymouth Fund Inc
10c
Putnam (Geo) Fund—........1
53c
58c
14.18
15.25
6.78
_
-
7.39
&
Marine
&
Rutgers Fire Ins. com.
2nd
preferred
Great
American
A 78
8.39
Chemical shares
5.65
6.22
9.54
10.48
5.20
5.73
Selected Amer Shares
7.12
7.83
Selected
bond shares
8.22
9.04
Sovereign Investors
Industrial Machinery shares-
6.96
7.65
Spencer Trask Fund
6.22
7.28
6.07
6.68
Super Corp of Amer
6.62
7.28
5.78
3.76
Hartford Steamboiler Inspect._10
Home
8
42
—
Mining sharesPetroleum shares
—
5.99
Equipment' shares
RR
C_
ASeries
1
Fund Inc
10c
Holding Corp
Income
Foundation
D
Common
Incorporated Investors
5
Independence Trust Shares
•
Institutional Securities Ltd—
*
1
2.28.
5.93*
Central
Pow
t
Florida
Power
Union
Insurance Group
Investment
22.60
24.30
2.32
National Container 5s
17.05
B
—
/
1
Wellington Fund
■
17.01
Co
99%
18.68
Natural
San
109%
109%
109%
100%
100%
100%
111%
112%
South
Southern Colo
Utah
West
104%
100%
1972
Power.3%s__1968
Lt 3%s
1968
Penn Power 3s
1974
Corp. 4%S
1958
3%s
102
105%
104%
100%
2%s
Gas
.
Quaker Oats 2%s
1964
Diego Gas & El 3%s„1970
Carolina Elec & Gas—
102%
101
1973
1961
Panhandle Eastern Pipe Line—
2%s debs
1953
Okla
1972
4%s
106%
105'A
1959
Pow & Lt 3s—1974
Northern Indiana Public Service
New Jersey
109%
1973
Puget Sound Pow & Lt—
108%
3 VaS
1.85
Investment Banking
&
Power
108%
105%
104%
108%
108%
106%
107
101%
York
105%
Corporations
1.13
of America—.10
Co
25.68
27.91
A Blair
& Co.
-1
13.19
13.49
A First
Boston
Investors Fund C
Mengel
7.55
' 107
(New Hampshire)
3%s series A
103%
109
1959 1
3%s
8.81
20.56
(Indiana)—
Service
Public Service
106
106 <
102%
1974
Ask
Bid
Public
108
3%s_1974
1979
& Lt 3s
Pow
6.90
—
Fund
U S El Lt & Pwr Shares A
1.01
4 V8s
Louisiana
105%
1974
3%s
Florida Power & Light
25.76
8.06
Stock Fund B
106%
Ask
1P3%
3%s series E
1973 /103'A
Lt 3VaS
&
18.81
:
—...
85c
22.90
10.99
1.02
shares
C_
—
Union Preferred Stock
2.61
91c
Group shares
Series
76c
24.98
20.95
A—-
series
B
Union
1.61
Fund
Bond
•6.50
25c
Trusteed Industry Shares
34c
103%
Blackstone Valley Gas & El—
3s
1973
—1
Stand Oil Shares—
5.07
1.47
Bid
-1963
Atlanta Gas Light 3a-..
2 40
—-.1
1
1973
Recent Bond Issues
2.40
1
——
4.87
10.C3
Avflation Group shares
Bank
AA
ASeries A
Trustee
4.89
22c
48.75
ASeries B
*
Series
A Huron
15.83
30%
6.67
14.85
76
35Va
.
10.96
42.75
51%
32%
71
4.21
6.09
Westchester Fire
45
39 Va
10
2.50
Guarantee
95.32
10.05
1
•
4.42
shares
Utility
ASeries
93.44
1
4.60
shares
Tobacco
4.06
4.71
4.44
shares—
Steel
6.59
3.68
4.27
shares
Railroad
!
•
2%
Shares
Income
.
487
472
48%
U S Fire
100%
28%
61%
58%
100
4
28%
95%
U S
47"A
37%
122 %
37%
26%
10
Fire
73%
44%
35%
117
Fidelity & Guaranty Co„2
U S
10
Hartford
70%
10
Standard Accident
") Travelers '
30
28%
Trustee Stand Invest Shs—
5.25
3.43
State Street Investment «Corp
Scudder, Stevens & Clark
Fund, Inc
82
8
Hanover
10c
1
Inc Shares
Republic Invest Fund
Quarterly
7.63
.——A.—-
21
Glens Falls Fire
Building shares
2
10
new_12%
Gibraltar Fire
6.82
Price Shares
Fire
2.83
6.66
Low
(Paul)
36%
6%
29
23
.
x27
2.15
6.05
Merchandise shares
10
(Texas)
•
6 20
Investing
Republic
50%
87%
16Ye
34%
4%
10
2
Providence-Washington
Reinsurance Corp (NY)
6.13
7.31
6.22
__1
shares.
General
14%
1953
shares—
—
83%
—5
Preferred Accident
139
Series 1955
Automobile
shares—
97%'
47%
10
Phoenix
5.56
Series
Agricultural
Administered
10
36.99
ISSlf
Food shares™
25
Indemnity Co
34.40
6.90
Electrical Equipment
Fire
Pacific
Seaboard Surety
Group Securities—
86%
Pacific
'
Railroad equipment
Railroad
Series
shares
I 30 %
12.50
Northern
49%
5
5
5
Steel
4.53
•
1
9.27
Oils
10.24
Foundation Trust Shares
10.83
Metals
2.03
9.85
8.43
stock
2.50
River
15%
24%
V5%
91
102%
13%
22%
5
Northeastern
1.85
Fully
29%
47%
9.70
Fund Inc—
—•
Fund, Inc.
Mutual Trust Fund
8
Trust Shares A
10
Aviation
27%
45
Chemical
Financial Industrial
,
10
10
Fire
Building supply
equipment
7%
27%
25%
2
York
14.41
Fidelity
General Investors
Casualty
176
166
20
Fire
61
6%
Hampshire Fire
23.58
20.86
General Capital Corp
27%
'58
2
New
21%
19%
13.42
19.37
Fundamental
Fundamental
24%
(Detroit)—10
New
600
r'
5
Machinery
Fixed
50'A
7
5%
9%
69'A
•
New Brunswick
86
575
25
100
Camden
21.95
Equitable Invest Corp (Mass)_3
Equity Corp $3 conv pfd
1
First
5%
4%
10
Amsterdam
New
J
Fund
47 %
4
National Liberty
England Fund
Agriculture
■
5
National Fire
12.89
New
1
Balanced
Stock
2%
7.45
Bank
Howard—
Fund—
&
Eaton
3.80
65%
N Y
Fire
7.17
New York Stocks Inc—
1
2 5°
25c
C
19.86
18.37
8%
Ins
6.78
•'
1
Fund—
Diversified Trustee Shares—
Delaware
7%
1
12%
Merchant Fire Assur
&
9
5
Casualty
Low priced bond series
—
Y
Knickerbocker
Preferred stock series
Series
Cumulative Trust Shares
__
Ask
Bid
Par
Insur Co of North America
139 %
•
33%
io
1.33
1
Companies
Ask
131%
10
25o
series—
Income
■
Aetna
voting shares
Bond
-
11.77
11.54
Low priced stock common
v
...
2.78
10.95
10
Fund
Fund
1
23.63;
series B shares
(Md)
__
2.78
York 5, N. Y.
DIgby 4-4950
4.96
21.98
National Security Series—
__
2.29
•
mod
ACC mod
AA
Series
40 Exchange Place, New
Tel:
9.94
4.55
l
Trust
Investors
Mutual
•
I0o
Maryland Fund Inc
Mass Investors
Mass
9.04
I0o
National Investors Corp
° /l°
—1
1
—1
Accumulative series
144
5.40
45 'A
2.49
Shares
Corporate Trust
3.85
4.97
43 V5t
1
Investment Trust
Consol
3.25
139
Members New York Curb Exchange
Manhattan Bond Fund Inc—
*
28.32
30.45
1
9.76
10.56
com—100 2,435
2,535
Chemical Fund
Members New York Stock Exchange
18.78
K-2
Series
15.80
1
Ltd
Shares Trust
Inv Fund
11.38
k-I—™z:™
Common
Canadian
Real Estate Bonds
20.00
Series
5%
5%
106.24
on
Shaskan & Co.
32.11
18.22
j
Series
7
16.13
47/8
4%
3.90
101.99
17.91
29.42
29.51
28.14
B-l
Series S-l
A Common
Quotations
Ask
Keystone Custodian Funds—
4.28
30 %
Bankers Nat Investing—
\
Bid
Far
1
:
Corp—:
10
3%
3
32%
34%
Quolations For U. S. Treasury Notes
Figures after decimal point
New York
Par
of the Manhattan Co.—10
Bank
100
Bank of New York
Bankers Trust
10
Brooklyn Trust
100
Central Hanover Bank & Trust 20
City Banks & Trust Cos.
Bid
:
:
23%
/Ask
54%
103
108
104%
108
,
Bank—:
15
39%
41%
Chemical Bank & Trust
10
50%
53%
National
Chase
Commercial National Bank &
50%
20
48%
10
21%
23%
Corn Exchange Bank & Trust_20
49%
51%
79
83
100 1 .665
1,705
Co
Trust
Bank
Continental
&
Trust
50
Empire Trust
National Bank
First
Fulton
100
Trust
172
'
100
Irving Trust
Kings County Trust
Ask
341 %
16%
Lawyers Trust
25
38%
41%
Manufactures Trust Co com__20
51%
53%
Conv preferred
20
51%
53%
Morgan (J P) & Co Inc
100 251
261
National City Bank
12%
37%
39%
New York Trust
25
99
103
Public Nat'l Bank & Trust—17%
42%
45
Title Guarantee & Trust
12
10%
11%
United States Tltust
100 1,429
1,465
100.9
%%
1%% V 100.9
Mar 15,
War
15,
1945-
100.6
%
1%%:/ 100.27
100.10
1»A%
1
1946-
tDec
1946...
15.
99.30
%%
JDec. 15, 1945War 15,
100.3
War 15 1947__.
represent one or more 32ds
t%s
100.4
t%s
100.10
1945-
b0.70
0.68%
1, 1945
b0.74
0.72%
t%S Apr.
1, 1945
100.28
t%s May
1, 1945
b0.75
0.73%
1945
b0.76
0.74%
b0.79
0.77%
1
100.11
t%s June
t%s Aug. 1, 1945———
JSept.
15,
1947.
__1%%
100.26
tSept.
15,
1948.
-1%%
100.16
Agencies
Obligations Of Governmental
Ask
Bid
0.85s
Federal Land Bank
Loan
Home
June
1944
15,
100.5
3s
100.7
b0.90
—
0.75%
Jan.
3s
May 1,
1,
Federal Land Bank Bonds—
(When,
series
94%
.92%
1988
95%
Bid
Stocks
Indianapolis & Louisville—
1983
81
83
2nd
2003
55%
57%
4%s
'»
.'I
Chicago Milw St Paul & Pacific
1994
104
—2019
73
1st 4s
Gerj income 4%s A
Geri income 4%s B
2019
■
57%
2014
4%s
mtge
Inc
105
74
58%
1994
1st 4s
income
Conv
Denver
&
Income
1st
Gen
St
2019
income
mtge
67%
103
68%
Common
preferred
_
Chicago Milw St Paul & Pacific
5%
Common
4%s
4s
59%
60%
1993
85
86
—
Chicago Rock Island &
1991
107%
77
40%
84
41%
*
100
preferred
5%
Rio
&
Minn
St
Free
v
com
:—-
Paul & Sault Ste
t
108%
78
Western
c
Pacific
Preferred
Bid
85
Treasury bills—
Aug.
17
b0.37
:.
42
September 7. 1944—:
September 14, 1944
17%
43
103%
103%
105%
106%
133
134%
tor discount at
b0.37
b0.37
b0.37
b0.37
—
1944—
September 21,
Bills
AV.'
purchase
Bldv f>'
Ask
September 28, 1944
October 5, 1944
October 13, 1944
October 19, 1944——
October 26, 1944—
November 2, 1944
November 9, 1944—
0.28%
0.30%
0.32%
0.32%
0.32%
0.33%
Ask
0.33%
b0.37
b0.37 T 0.33%
0.34%
b0.37
b0.37
0.34%
b0.375
0.35%
b0.375 0.35%
b0.375
0.35%
19%
18%
44%
45%
16%
*No par
M—
1%
common
b0.37
17 1944
Aug. 31, 1944-——
16%
are
,
Aug. 24, 1944
42%
15%
Grande
Rates quoted
Pacific—
Optional v t c
M—
1971
106%
16
41%
—
Preferred
Denver
1946
1947
1961
3s
3s
Ask
Youngstown—
-Preferred
2018
Paul & Saulte Ste
income
102
Grande-
Rio
4%s
1st 3-4s
Minn
4%s
10411
Issue*
Canal 3s
United States Treasury
&
Common
Chicago Rock Island & Pacific—
103 li
10411
107%
mmmm
Canton
Akron
10211
Pacific—
97
1st 4s
U S Conversion
102%
and if issued)
Western
-1988
A
4%s series B——
Chic
iff
102 J J
10311
—
1956-1946—
1956-1946
U 8 Conversion
102
1955-1945
Panama
Ask
Canton & Youngstown—
Akron
4s
as
3%S
Ask
Bid
Bonds—
1955-1945
3s
Bank—
Other
Bid
.—
100.17
Federal
Bonds—;
0.73%
100.7
b0.75
100.27
Commodity Credit Corp—
tl%%
Feb 15,1948
*
0.56%
b0.58
1, 1944
1,
Feb.
t0.90s Mar.
99.31
0.26%
b0.32
1, 1944
Oct.
t%s Dec.
100.11
Ask
Bid
Int. Rate
of Indebtedness—
Certificates
—
Reorganization Rails
of a point
Maturity—
Ask
100.3
%%
15, 1944.
1945-
tSept.
::". Bid
200
100
333%
10
15%
100 1,610
Guaranty Trust
435
51%
National
Grace
25
423
Par
//'.
%
1
1944_.
15,
Rid
Int. Rate
Maturity—
Sep
32%
67%
2
k Removed
x
33%
68%
value,
a
Odd lot sales,
to Stock Exchange,
Ex-dividend,
y
Ex-rights,
tions not furnished
r
b Yield price,
tin default,
e Ex-interest, f Flat
Cash sale—not included in range for
d Deferred delivery,
Canadian market,
s
tThese bonds are siibject to
all Federal taxes.
by sponsor or issuer.
;
price,
year,
AQuota-
1
ufeftMijluMm* WWilM t- ^ '.'V
mmmw
this it appears that in
the New York District (including this city) the totals
are larger by 18.9% and in the Boston Reserve District
able at time of
by 1.9%
which they are located and from
and the Saturday figures are not avail¬
going to press. Accordingly, in the above
the last day of the week in all cases has to be estimated.
In the elaborate detailed statement, however, which
totals
pe week follows:
center
was
>
TELEGRAPH
BY
CLEARINGS—RETURNS
feew
York
'IS
——.
Chicago
10
-
477,02?'noo
Philadelphia
jBoston
236,90o,989
"2,330,777
136,700.000
-
City
Kansas
Bt. Louis
-
Pittsburgh
Cleveland
-
-
Baltimore
cities,
day
one
1st
6.6
5th
16.7
6th
160,297,657
7th
8th
6.2
—
$5,553,711,243
+
2.9
1,378,816,705
+
3.9
$6,932,527,943
+
{.-■<
Month of July
•
6.0
578.835,718
533,784,879
+
9.2
467,864,336
397,949,753
279,789,556
268,318,709
+
4.2
213,371,277
+
9.0
259,494,975
215,590.938
"
367,594,287
'610,758,800
337,246,207
545,094,866
+
12.1
479,348,003
461,701,244
"
201,098,288
182,660,016
"
"
144,897,993
130,807,747
"
"
500,792,775
197,808,750
10,722,000
bonds
:
bonds- $193,747,500
Total
$275,338,100 $1,794,864,900
+ 12.0
7,312,882,585
6,134,656,352
3.7
3,524,140,475
3,090,852,843
record
of the clearings for
totals show an increase of
the
District of 0.5%, but in the
3d
Cleveland
>"•&
1
5th
Richmond
6th
Atlanta
w
*
-
1941
7th
Chicago
No/Shares
8th
St.
January—
17,811,394
13,312,960
9th
Minneapolis
17,100,772
18,032,142
24,434,084
12,993,665
February
7,925,761
10th Kansas
1/
"
1st
April
2nd
7,589.297
7,229,097
23,415,845
course
——
92,020,949
22,284.837
51,792,091
July
of bank clearings
Total
CLEARINGS AT LEADING
We
1943
1942
Boston
Phila.
1,477
2,345,707,979
4.1
1,026,502,288
2,006,887,059
899,378,654
+ 10.6
1,255,849,595
1,060,478,399
4,137,101,895
1,136,725,316
885,372,316
1,578,774,821
+
6.5
3,538,713,454
3,029,973,882
+ 13.7
961,688,950
•
.
-V
—
0.8
—
—
886,434,856
V-.'
708,385,609
0.1
1,214,988,063
629,514,792
1,029,863,455
984,617,088
+
12.1
793,605,061
706,452,975
2,181,240,295
11
"KvT.r 1,103,856,113
—19.2,233,691,380
+
2.4
1,818,583,493
yl,505,343,719
.
1943
1944
1941
2,732
1,742
14,772
let
3d
f
York
Philadelphia
+12.0
34,830,918,410
31,558,268,905
+
4.0
18,489,610,174
16,232,939,849
Cleveland
;
8th
St.
Oth
10,441
9,289
8,016
18,557
16,667
14,834
19,238,147,623
—
-
8,446,759,188
"
12,285,048,451
"
30,398,982,652
"
8,960,272,654
6,169,723,619
10,831,489,075
City
-
782
695
597
529
5,442
4,846
4,004
3,351
11th Dallas
1,117
1,047
948
783
7,824
7,207
6,170
5,048
12th Ban Francisco
" '
19
"
Fran-
1,216
1,146
957
814
8.338
7,322
6,114
664
627
531
472
4,595
4,288
3,381
3,003
Cinn.
482
467
411
+
2.7
17,446.955,560
15,595,811,545
+
7.8
15,378,831,212
12,628,838,273
+
7.8
6,704.487,016
+
17.6
8,598,724,450
7,058,746.648
+
10.6
22,883,920,443
19.389,559,504
+ 10.8
6,732,462,992
5,750,159,217
+
9.3
4,544,288,543
3,803,387,443
+
6.2
7,659,866,782
6,209,001,929
7,624,281,035
+
14.2
5,443,366,994
4,522,535,403
-f; +8.4
11,595,227,747
9,393,186,776
231,026,117,199
207,613,861,466
122,139,014,194
103,504,842,409
5,653,083,778
10,195,887,046
6,678,020,408
15,497,322,481
14,292,677,618
321,791,817,709
288,543,125,371
157,231,965,858
144,872,268,148
5,789,888,663
5,065
Baltimore.;
V
9,446,116,976
'
108,026^29,089
8,031,841,870
"
"
$
10,872,382,583
7,834,086,994
10,445,455,292
27,483,811,322
Louis
10th Kansas
1941
.
$
113,165,602,877
17,843,469,286
"
'
^14.5
•
19,351,259,753
—31
Minneapolis
10,736
19,004
"
.
148,580,726,126
16
16
Chicago
1,220
12,466,399,273
169,991,509,654
19,881,882,004
11
Atlanta
7th
1942
%
$
12,102,805,878
7
8th
7 Months
7 Months
or
Dec.
1943
V-.."
''V/vv
-14( • "
17
"
——17.
8
16
—————
Richmond
2,290
Inc.
7 Months
■
—
-
5th
1,422
-
42,367,810,481
21*667,833,375
1944
14 cities
New
11,225
12,265
i
Boston
2d
1942
13,477
47,470,448,523
22,428,297,103
186 Cities
———'
$
Jan. 1 to July 31
2,415
1,455
2,659
—
___
1,754
2,095
2,231
2,412,963,287
3.6
+
7 Months
.
__
2,520,898,048
+
1,549,657,518
878,639,233
2.3
2,665,546,821
1,160,664,054
1,577,940,520
Federal Reserve Districts
1941
omitted t
$
$
$
$
$
$
$
$
New York- 25,042 20,808 1 6,341 15,325 164,559 143,670 103,887 104,109
Chicago
2,857,137,544
2,761,244,524
1,208,792,442
1,713,579,861
4,404,894,486
1,292,444,^88
•■'.
15,950,016,813
1,440,961,014
append another table showing the clearings by Federal Reserve Districts in the seven months for four
4th
CITIES IN JULY FOR 4 YEARS
Month of July
1944
2,790,553,611
"
:v V;
$
+ 19.8
"
•'V<f
1941
V'
*
1,661,075,725
16,975,920,145
0.5.
+
21,520,738,292
"
u
"
"
"
"
•
1942
or
Dec. %
$
1,710,234,521
years.
at leading cities of the
nnTth of July and the seven months
ended with July in each of the last four years is shown
in the subjoined statement.
%
(000,000
Inc.
1943
1,718,195,686
25,786,616,179
-J
—
Y. City—
Outside N.
country for the
BANK
-
i'ry.s
17,872,807
Reserve District by 2.4%.
63,720,802
8,373,550
;
0.1% but in the Dallas Reserve District
larger by 12.1% and in the Sarf Francisco
are
31,314,623
13U42.925 171,484,418
28,219,705 26,324,332
City
12th San Francisco
10,461,813
68,787,721
Louis
11th Dallas
11,185,760
9,667,050
7,466,443
Quarter—____
months
The
32,406,179
33,553,559
35,051,545
.
Six
29,507,254
17,228,380
37,712,751
:—_
„——
June
8,587,828
79,463,469
13,846.590
Quarter
May
36,997,243
62,555,204
——i 27,643,
March
7
1."*''5''''
8,969,195
10,124.024
smaller by
are
falling off
a
In the Kansas City Reserve District the totals
"
14
17
17
— 8
18
31
7
16
16
Philadelphia
4th
Minneapolis Reserve District shows
$
.-8 cities
Chicago Reserve District registers an improvement
the totals
1944
York
New
1942
Of
Month
and in the Atlanta Reserve District of 10.6%*
of 0.8%.
19.8%
In the Cleveland Reserve District the totals
No. Shares
1943
•
gain of 3.6%, in the Richmond Reserve District
a
of 4.1 %
aggregate $42,367,810,481. In the New York
District the
No. Shares
1944
182,807,091
of 6.5% and the St. Louis Reserve District of 13.7% but
No, Shares
i:
303,333,546
The
2d
share properties on the
the seven months of 1941
to 1944 is indicated in the following:
.
380,861,913
+
that month there was an increase
1st •' Boston
$2,280,325,100
The volume of transactions in
.
3.5
9,045,895,173
Federal Reserve District#
New York Stock Exchange for
.
83,048,468
+
4,268,673,321
Month of July—
2,007,200
4,070,700
333.300
502,600.
-
93,368,907
body of clearing houses of 12.0%, the
V. 8. government
bonds
8.1
of clearings having been $47,470,448,523,
of 2.3%.
77,306,100
68,774,500
+
10,128,409,918
Philadelphia Reserve District the totals show a decrease
$1,722,019,700 $2,201,011,800
10,889,900
214,860,601
'
entire
the
Reserve
govern't
Foreign
1.4
1.1
4,425,459,165
and in the Boston Reserve
$182,522,900 $264,114,900
+
483,733,344
128,704,734
—
119,055,059
>
—
201,636,379
281,329,870
k
199,403,176
285,238,583
Railroad & misc.
bonds
2.2
177,985,732
265,163,985
259,262,161
■
City
and the 1943
1943
159,562,630
Bonds "
7-
—
568,062,154
1944 aggregate
for
1944
26,324,332
28,219,705
shares
669,560,555
620,399,698
We also furnish today a summary
Btock, number of
■
3,165,436,578
629,673,246
111 cities
Y.
the month of July. For
Seven Months
:—
1943
1944
Francisco
Outside N.
1.8
+
.
Description
3,917,764,530
6
—-10
Total
4.2
—
detailed statement of transactions
Stock Exchange is appended. The
for July and the seven months of 1944 and 1943
results
■
+ 18.9
4,934,646,118
*
3.1
the New York
follow:
5,867.720,435
S
353.118,044
7
10
11th Dallas
$8,424,692,564
1941
-
296,550,310
1.9
+
372,047,927
4
Minneapolis
10th Kansas City
1,492,164,616
'■ -rS>i-i"-V* '
1942
"
.
9th
12th San
'"i
•
Inc. or
Dec. %
$
"
"
"
Louis
St.
yf'\tI'?..'-
*'
•
.
1943-
7
6
10
Chicago
^115,794,052
CLEARINGS
BANK
10
Atlanta
0.2
Our usual monthly
vn
-
Richmond
+
OF
v'>-
379,072,467
12 cities
12
"
Cleveland
+
Kansas
17
4th
158,537,391
the
increase of
an
8.1%
1944
Philadelphia
m 1.3
—
this
at
City Reserve District the totals
1.4%, the Dallas Reserve District of
and the San Francisco Reserve District of 3.5%.
In
show
We group
$
New York
2d
3d
6.2
+
:
227,574,000,
$8,577,688,622
Total ail cities for week
clearings
5
Boston
$7,148,073,852
1,429,614,770
days—
all cities, five days
Tot,
All
five
cities,
Other
7.7
—11.2
:»
Week Ending Aug.
$5,716,023,962
1,432,049.890
cities, five days
Ten
bank
Federal Reserve Districts
—
135,000,000
*
3.8
—
162,283,173
212,637,000
185,032,601
160,557,933
108.575,931
Francisco
Ban
the
SUMMARY
■
6.7
+
$3,440,091,914
370,294,088
517,000,000
266,838,968
a
1.1%.
following we furnish a summary by Federal Reserve Districts:
In the
Per
3.7%,
having recorded an increase of 19.2%.
Cent
1943
1944
12
Week Endine Ausr.
of
increase
an
gain of 12.1%, but the St. Louis Reserve District suffers
loss of 2.2% and the Minneapolis Reserve District of
a
week in 1943. Outside of this city there
enjoys
The Chicago Reserve District
District of 9.0%.
results for the week previous—the week
ended Aug. 5.
For that week there was an increase of
12.0%, the aggregate of clearings for the whole country
having amounted to $10,128,409,918, against $9,045,895,same
and the Atlanta Reserve
mond Reserve District of 4.2%
and complete
173 in the
but in the Philadelphia Reserve District the
smaller by 6.0%,
The Cleveland Reserve Dis¬
of 9.2%, the Rich¬
are
trict has to its credit an improvement
present further below we are able to give the final
we
the corresponding
week last year.
Our preliminary totals stands at $8,577,688,622, against $8,424,692,564 for the same week in
1943.
At this center there is an increase for the week
ended Friday of 6.7%. Our comparative summary for
above those for
will be 1.8%
Districts in
ends Saturday
telegraphic advices from the chief cities
pf the country, indicate that for the week ended Satur¬
day, Aug. 12, clearings from all cities of the United
States from which it is possible to obtain weekly clear¬
based upon
ings
Monday, August 14, 1944
the cities according to the Federal Reserve
the
Preliminary figures compiled by
pared with a year ago.
mmtfnrmm»*UM, wwnaWM
"»«" mmmmm i»W W
»
CLEARINGS
BANK
Complete and exact details for the week covered by i
foregoing will appear in/our issue of next week. '
We cannot furnish them today, in as much as the week
show an increase com¬
this week will
Bank clearings
,./
UJW A*»
FINANCIAL CHRONICLE
OF
COURSE
THE
.
„
1
THE COMMERCIAL &
660
us,
WfckttJfcfaUS* kJi»l«.W^IW.WinWl»J1/>Wl*
1
a'W»|&k<.WJ'W-'lWi+W *>
Louis—
6t.
Pittsburgh
San
-
355
3,367
3,139
2,732
881
679
577
5,776
5,571
4,272
3,386
925
936
804
685
6,442
6.079
5,208
593
585
449
403
4,117
3,720
2,882
+11.5
;
4,165
Minn'polis-
...186 cities
—
-
v
2,250
883
Cleveland.
Total
-
—
2,405
Kan.
C'y..
364
350
273
248
2,630
2,389
1,857
Detroit
—
1,446
1,205
797
11,231
9,902
6,938
5,003
228
2,165
2,000
1.668
1,456
*
322
285
248
—
289
315
217
162
2,178
2,087
1,391
71
76
70
69
523
503
476
436
MONTHLY
•
Providence-
Milwaukee
152
142
151
107
1,090
1,013
882
283
260
219
204
2,004
1,735
1,528
201
207
170
140
1,413
1,316
1,121
225
.1,684
1,507
1,123
1,037
Denver
—
Memphis
(Seattle
Salt
169
128
118
892
885
830
270
226
2,226
2,028
1,717
176
144
124
118
1,271
1,16.4
996
881
Total
97
83'
830
796
655
63
60
490
459
442
412
4,771
.
251,
334
'
2,677
2,657
2,097
Clearings
3.758
3,399
29,820
33,545
25,423
add
our
at—
'£1
4
Inc. or
Dec, %
+ 11.4
3,350,175
24,007,573,977
B.
I.—Providence
N.
months
6.4
63,595,296,771*
+ 4.6
+11.4
134,803,668,755
42,367,810,481
+12.0
22,428,297,103
21,567,833,375
288,543,125,371
+11.5
157,231,965,858
144,872,268,143*
5.7
4.0
+
/
■
9.3
+
123,313,434,773
47,470,448,523
+
+
130,022,286,329
246,175,314,890
8.5
the month of July and the week ended Aug. 5 for four years:
1944
$
26,288,262'
$
Week Ended Aug. 5-
Dec.
,"-V„
-
$
$
%
Inc. or
Dec. %
1942
1941
$
—
801,446
+ 16.5
22,558,875
1943
1944
Inc. or
1943
872,867
3,544,725
3,573,758
3.7
—
+
8.2
0.8
802.029
5,679,561
-
-
#.»■
®
h,so.!:.751,981
^^■^,610,799
105,901,111
110,018,030
1.5
10,736,812,602
10,441,376,684
+
2.8
323,770,637
314,820,060
+
2.8
303,236,394
29,576,286
28,216,283
+
4.8
1,020,803
1,016,754
+
0.4
792,154
772,784
9.3
15,508,498
14,597,795
+
6.2
+ 14.3
14,168,504
13,101,582
+
8.1
377,524
347,705
T¥.6
""345*279
""*363*718
+
1,580,222
5,012,837
+ 10.3
37,629,899
—11.0
135,661,339
1.8
65,897,689
74.975,960
490,559,959
459,662,898
28,585.037
27,557.324
+
3.7
183.616.873
184,020,684
7,913,000
7.407,700
+
6.8
54,692,800
56.521,100
71,569,200
76.494,800
6.4
523,820.500
503.498,900
2.8
917,775
977,778
3.567,168
3,320.737
2,246,680
2,371,572
15,415,296
+ 28.8
16,609,634
11,634,367
7,275,248
—19.5
6,246,685
5,237,075
24~9
16,9*60*400
13,5057300
1,197,899
4,168,385
4,330,826
2,574,826
2,555,579
6.7
19,848,659
3.0
5,860,069
+
+
253,933,479
0.8
1,362,586
1.0
4.2
+
•
+
-v
3.5
9.8
+
81,712,246
—12.1
—
+
134,357,391
85,168,653
.
34,260,359
20,933.550
12,158,999
1.9
t —
■-+
,+12.8
21,281,016,345
1.9
2,151,909
18,632,491
67,206,905,032
+ 13.2
+
'
12,379,749
'
5.9
+
59,718,138,002
21,781,885,556• '"
20,532,394.870 ■■■'*
+
,
4,351,603
5,527,624
>
Haven
Waterbury
7
>
v
—10.7
16,110,345
1,455,217,128
1,806,695
Conn.—Hartford
- -
—
—
+
'
-
H.—Manchester
•"
v/,
+19.8
-Jan. 1 to July 31-
$
*2.300.000
Eedford
'
—-
Total
4,433,361
Springfield
New
/
67,596,763,723
21,359,926,087
21,839,404,968
+ 19.4
136,013,885,468
months
July
14,391,200
1 Worcester
.
+19.1
— 4.3
-—1.1
+ 15.8
321,791,817,709
6
1,477,371.173
'
River
Lowell
'
1943
$
3,731,044
Holyo*:e
New
i—
,
or
Dec. %
"' '
22,189,626,341
-
274,321,369,186
2nd quarter—.
Total
July-
1944
Portland
Mass.—Boston
'
detailed statement showing the figures for each city for
*
.
42,393,400,887 >' ;(
42,945,255,965 v*-'
43,426,282,528
50,675,228,616.42,307,638,393
V
—
—,
Total
18,489 16,260 157,231 144,872 122,139 103,504
now
138,307,483,718
-.
June—
34,830 31,585 321,791 288,543 231,026 207,613
Me.—Eangor
"•
Inc.
^
•
"
23,497,275,956
116,153,028,561
44,288,365,408
21,754
22,428 21,567
First Federal Reserve District—B
Fall
$
+12.9
43,052,524,494
31,072 28,186 288,246 258,778 205,603 185,859
4,422
-Month of
--
1943
19,702,118,370
17,826,393,291
48,613,161,624
April
May
1,551 "
536
74
47,470 42,367
Total all
1944
22,809,158,872
21,290,328,895
+21.0
+24.6
Total 1st quarter
114
42,699 37,945
."Out. N.Y.C.
•
$
'
38,104,684,580
34,995,819,487
„
4
398
_
We
,
65
„
Dec
March
121
cities
Clearings Outside New YorkJ">.
Inc; or
1943
1
■
February
383
■—
c.
CLEARINGS
1,470
L. C'y.
Oth.
8.5
Total All
46,102,505,138
43,591,816,956
January—
725
303
-
Hartford
—
187
134
305
Richmond-
223
133
—
Ind'apolis-
'
Month—
1 ^
^
919
1944
1,276
—
Clearings,
,
714
Buffalo
St. Paul
«
■
+
the clearings by months since Jan; 1,1944 and 1943:
The following compilation covers
1,045
Louisville
Omaha
———
—
-
1,524
1,542
Orleans
,N.
; >.
Outside N. Y. City
—
3,657,423
2,931,969
1,718,195,686
1,710,234,521
—
+ 24.4
20,993,987
18,903,051
0.5
12,466,399,273
12,102.805,878
—
>
+
'ft
3.2
4.0
:
15,041,200-^
+ 11.1
379,072,462
r,f.
.
20,038,300
632,668
+
6.3
714,285
1,070,720
.372,047,927
+
1.9
358,118,044
296,550,310
672,574
3.0
—— ———
'
Total
(14 cities)
+
+
-
:.:%zsv,d£U-
X
Number 4307
Volume 160
-Month of July•
1944
——
Blnghamton
".Buffalo
-———•;
-
Jamestown
York
New
.
V
—
Rochester
-
5,118,029
5,388,604
25,042,151,420
54,342,128
:0\\ 6,137,730
v
—-
J.
Reserve
Federal
33,997,503
+
8.2
36,586,752
31,891,619
+20.3
164,559,851,851
143,670,857,223
—22.1
•
•
-f- At
-
7,523,393
'
:
4.5
•
+ 11.5
+ 15.9
8.2
7.5
572,181
29,204,053
+ 12 7
37,238,354
35,197,625
5,867,720,435
4,934,646,118
30,916,623
26,915,864
148,580,726,126
+ 14.5
6,295,926
614,24l
21,102,059
;
5.8
27,239,926
29,548,519
3,917,764,530
3,165,436,578
+
•
8.4
■-
—14.1
1,647,909
1,540,658
611,000,000
653,000,000
6.4
564,000,000
518,000,000
+ 12.3
-rV:
3.7
20.405,395
16,962,474
19,004,000,000
18,557,000,000
+
2.4
1.9
47,808,560
44,546,323
+
7.3
1,869,338
1,404,025
1,110,877
1,482,673
10.0
89,346,278
82,256,849
+
7.4
3,339,606
3,062,489
+
9.1
2,505,806
3,087,233
48,382,433
43,672,392
+ 10.8
2,184,204
2,050,822
+
6.5
1,596,934
1,551,535
59,350,843
9,886,021
—12.1
1,856,433
1,880,682
—
1.3
1,795,749
2,232,889
+
+ 11.3
16,252,511
17,626,535
V
7.4
52,192,832
1,498,853
+
17.1
11,516,046
733,067
—
+
6.3
3,292,072
+
7.4
+
8.3
<
23,633,109
23,302,972
:
169,569,9C9
,
5.9
178,022,500
2.3
+
—
19,881,882,004
+ 20.3
f
—
,
"
^
+33.1.
+ 16.5
5,269,023
21,293,603
151,231,097
147,553,600
19,351,259,753
5,179,609
8.5
:••+
1.7
—
..
+ 11.0
+ 12.1
+
20.7
5,650,500
4,021,000
+
2.7
629,673,246
\ 669,560,555
4.5
4,328,000
4,171,900
6.0
+
—
578,835,718
533,784,879
District—Cleveland-
Federal Reserve
'
19,889,378
467,772,524
936,106,467
925,585,704
81,697,100
Cleveland
+ 33.7
14,881,141
482,208,649
Columbus
74,590,600
4,171,753
3,399,367
1,609,492
Hamilton
——
1,272,711
124,080,343
3,367,263,508
v
+ 24.9
6,079,395,124
1.1
6,442,289,805
9.5
538,882,400
466,502,700
r—18.5
24,481,226
22,766,742
26.5
10,573,490
7,816,203
—
+
v
101,876,702
217,315,574
+15.5
19,288,500
82,495,678
73,534,598
6.2
162,984,467
138,338,440
+ 27.0
15,183,200
4.0
+
204,719,806
3,108,409
+
97,989,195
6.0
+ 21.7
3,041,724
7.3
+
3,139,185,703
3,682,675
+
99,330,012
3.1
+
13,346,300
13,332,800
7.5
+
+ 13.5
.
9,779,409
9,375,718
+
4.3
67,199,143
62,198,198
+
8.1
2,466,584
2,147,242
+
14.9
1,963,869
2,263,404
15,387,659
+
6.7
103,567,615
104,795,682
+
4.6
3,859,434
3,266,897
+ 18.1
3,114,837
3,699,921
9,995,859
8,873,689
+
12.6
65,497,986
53,280,800
+ 22.9
+
12.3
303,726,164
266,042,247
+ 14.2
1,611,360
37,211,060
1,685,296
432,548
789,736
271,910,229
241,714,090
+ 12.5
200,850,776
163,495,669
620,399,698
568,062,154
+
9.2
467,864,336
•397,949,75^
Newark
41,789,110 "
Toledo
Co.
Grecnsburg
4.4
—
10,313,440
9,993,203
5,187,525
5,678,586
6.7
7,824,098,164
7,207,683,780
+
1,047,032,781
+
13,397,872
+
5.3
94,283,934
14,912,340
15,830,779
6,755,097
—
5.8
106,994,222
109,578,761
+ 18.7
68,885,131
+ 18.6
75,143,764
57,495,717
63,670,194
+
3.6
19,238,147,623
17,843,469,286
+.
5.0
+
0.7
Clty'IIIIIII
8,015,259
"
12,344,210
10,411,938
2,761,244,524
2,665,546,821
Va.—Wheeling
(17 cities)
—
Federal Reserve District—Richmond—
,ya.—Huntington
va.—Norfolk
28,227,000
305,439,290
.
Richmond
8,860,940
13,783,281
664,797,102 '
2,554,517
c.—Charleston
Columbia
Md.-^Baltimore
!
Frederick —
C.—Washington
Sixth Federal
>
'
'
_
179,379,385
—
Total (8 Cities)
Reserve
1,160,664,054
; 1/ .1,208,792,442
—-
-
5,479,361
28,041,000
303,337,683
9,073,237
16,154,393
627,601,921
2,080,155
168,896,304
5,750,927 ;
—•
—
--
41,816,378
54,439,656
-—-——-—-
7.8
+
1,360,755
+
7.0
5,856,000
5,668,000
+
3.3
2,028,356,502
67,114,748
+
9.8
70.100,265
67,703,481
+
3.2
100,455,794
101,656,640
4,595,842,306
4,288,075,271
1
-
Pla.—Jacksonville
7.2
+
Tampa
—
Mobile
Montgomery
Miss.—Hattiesburg
Jackson
-
Vlcksburg
Orleans
(16 Cities)
1,819,225
1,718,032
117,841~658
93,458,640
—~l75
7 33,8137834
31,833,575
4.2
213,371,277
177,985,732
'iti
+ 12.2
16.753,161
14,935,670
6.2
1,202,051,590
1,112,408,411
+
8.1
38,0957989
38,6697351
+
4.1
8,446,759,188
7,834,086,994
+
7.8
279,789,556
268,318,709
242,806,974
+ 39.4
+
+
0.9
1,175,153,622
1,077,021,277
+
9.1
38,577,837
4,293,200,000
3,532,800,000
+
21.5
134,000,000
+
17.2
71,918,501
66,421,656
+
8.3
2,316,040
2,101,255
+ 10.2
+
2.5
60,283,661
58,666,142
+
2.6
—
0.7
*2,500,000
2,380,549
+
5.0
15.0
43,601,507
41,414,907
+
5.3
29,902,329
24,244,000
47,584,350
4,444,318
37,586,458
+ 26.6
30,746,863
27,163,534
4,344,270
+
2.3
4,276,694
2,978,101
+ 12.7
60,470,483
60,870,566
6.5
1,512,232,145
1,315,405,149
+
+
5.7
109,090,590
+
30.6
1,628,360,995
+
3.0
142,870,923
7,055,435
11,927,000
10,625,082
2,627,442
+
5.6
53,034,941
870,123
350,704,376
:;t 1,549,657,518
96,168,893
1,223,482,680
148,098,364
£
+
•
'
123,900,000
Seventh Federal Reserve
3,002,665
2,911,192..?
1,446,436,258
*5,000,000
1,542,035,240
7,813,949
Flint
Grand Rapids
Jackson
22,814,903
4,178,232
24,703,019
3,870,133
17,194,315
6,976,032
4,002,376
Lansing
Muskegon
/
Bay
City
Cnd.—Ft. Wayne
11,473,798
+ 33.9
3.5
45,840,705
Bend
4.9
89,097,000
84,899,000
99,152,702
75,099,431
+ 32.0
9.2
20,531,258
19,673,578
+
4.3
+ 12.3
6,846,913
6,135,024
+
11.8
211,843
204,919
+
3.4
195,612
147,903
82,970,361
81,085,595
+
2.3
59,827,161
53,960,180
367,594,287
337,246,207
+
9.0
259,494,975
215,590,988
.
3.8
2,620,258,277
2,389,062,853
+ 10.1
+ 10.6
12,285,048,451
10,445,455,292
+ 17.6
+
3.0
19,449,572
18,507,178
+
6.6
11,231,984,311
9,902,536,933
+
56.3
52,481,026
51,211,283
+
4.4
164,722,050
144,438,505
7.4
29,037,489
+ 49.9
120,871,649
30,206,425
96,425,391
-
—
5.1
+
+
2.5
+
14.7
—
+
1.7
51,352,380
42,852,599
3.7
27,626,128
26,375,816
+
5.5
97,125,215
89,942,795
+
8.0
174,019,167
165,778,106
+
+
0.8
17,891,371
108,675,344
+
9.2
—
16,104,326
33,223,663
8.3
244,018,404
249,508,876
8,787,039
1.9
64,769,836
61,060,213
+
+
2.2
7.6
7.0
2,474,474
9.1
18,523,190
16,833,552
0.6
29,194,125
27,107,800
+
35,636,030
34,222,310
2,212,073
14,151,646
6,336,897
13,977,777
.
—26.5
+ 15.1
~
.
864,799
.
22,440,108
1.6
1,945,996
-1,614,058
1.2
12,937,691
5,899,832
10,943,959
4.1
+
+
5,574,759
+
8.9
17,901,817
16,733,331
+
7.0
66,328,891
57,634,964
+ 15.1
+
2.9
465,281,154
421,127,565
+10.5
9.2
222,293,201
200,898,474
+ 10.7
6,866,457
6,782,703
+
1.2
21,031,105
+
7.9
14,929,411
+ 21.4
585,504
571,723
488,909
490,818
9.6
481,208,563
422,125,364
374,079,580
369,551,741
+ 28.8
<1,334.368
5,082,134
5.6
1,819,235
6,696,468
2,897,211
1.4
*2,500,000
2,141,125
2,173,491
610,758,800
545,094,866
166,000,000
169,700,000
6,070,993
1,059,771
—16.1
2,904,026
+ 39.4
2,100,344
+
40.0
18,126,914
2,095,602,604
+
6.5
14,772,528,557
2,941,326
.
2,231,762,689
r.
.
—
22,688,308
5,954,795
+ 39.3
+ 34.7
13,477,473,036'
\
44,074,013
56,754,136
21,611,515
8,297,132
"29,104,395*
181,761,343.
155,586,301
12,157,552
9,912,393
+
22.7
71,245,046
67,489,777
9,827,529
9,172,231
+
7.1
58,241,857
57,423,405
+
+ 16.9
+
+
2,177,490
7,148,811
,
—11.3
1,374,164
—
4,635,528 H i&yt;<
2,608,273
1,969,042
966,798
+
2.7
5,957,263
6,445,087
4,404,894,486
4,137,101,895
+
6.5
30,398,982,652
27,483,811,322
+ 10.6
782,938,026
.695,408,753
+ 12.6
5,442,943,290
4,846,507,433
+ 12.3
4,795,610
4,594,108
879,219
4.4
35,649,545
31,500,002
5,474,730
+ 15.2
9.3
6,306,398
+ 12.7
2,165,556,035
2,000,524,275
+
8.2
56,237,268
+
12.1
1,271,874,357
1,164,912,620
+
92
35,865,893
708,622
614,433
4,115,029
3.657.810
5,061,595
2,128,180
1,557,796
4,267,000
4,540,000
1,1.5 9~ 000
T23T0OO
961,197
1,292,444,488
-
v
1,136,725,316
+
+
—
6.0
+ 13.7
33,828,000
8,960,272,654
-
29,262,000
8,084,841,870
479,346,003
122,600,000
109,700,000
48,043,46?*
+ 12.5
+ 15.6
+ 10.8
259,262,161
265,163,985
461,701,244
53,319,884
24,411,404
2.2
31,831,516
+ 15.3
—
62,709,469
22.0
176,651,814
+
285,902,852
144,785,951
322,122,219
renn.—Memphis
Total (7 cities)
1,111,758
+ 13.2
Independence
Ky.—Louisville
Qulncy
4,495,173
7.6
992,602
—
Eighth Federal Reserve District—St.
II.—Jacksonville
6,838,079
27,251,986
+
7.0
6.0
30,039,738
.
4,048,235
—
Bloomington
Louis
22,921,000
2,677,312
+
880,644
Girardeau
>'
2,925,343= '
7,261,543
+ 20.6
—
2,272,563
7,900,644
61,862,317
27,266,408
City
Ames
Cape
25,799,449
,
7.7
1,013,170,037
1,090,223,216
63,681,457
Total (31 cities)..
7,667,710
6,661,695
2.0
+
31,143.000
4,102,100
V:
+ 10.0
4,033,818
—..—
Sterling
31,760,000
3,013,043
6.1
142,464,866
la.—Cedar Rapids
Springfield
2,387,591
t
3,151,935
5.0
885,976,538
118,681,340
816,462
'
2,627,609
2,805,293
■
892,857,617
2,741,106
8,452,981
—
4,361,695
2,580,181
+
4.7
+
152,382,288
2,698,674
Peoria
4,457,333
2,472,671
+ 12.4
r
41.9
5,754,790
2,954,204
+ 19.9
+
0.4
Manitowoc
Rockford
+ 11.3
6,404,124
4,191,101
3.9
+ 25.4
6,860,753
;
1
540,200
611,054
—26.7
719,191
527,260
.
V*:;
+ 13.4
1.6
Watertown
Decatur
;
-W
J
.
4,059,529
01.—Aurora
1,645,588
9.2
9.1
Sheboygan
Moines
1,358,687
,
56.2
3,858,186
35,997,271
8,952,827
—
'
+
24,692,054
Haute
Oshkosh
•
•'
+
134,016,567
v
Wis.—Madison
Milwaukee
:•
72,900,000
;+
24,289,482
:
2,006,703
*1,750,000
1
+
133,514,928
Gary
Indianapolis
?
94,800,000
+ 15.7
13,668,710
14,418,387
•
+ 13.4
—
District—Chicago—
Arbor
*
'
V".
Detroit
26,008,063
30,383,068
8.3
+'
35,623,450
5,184,932
5,605,645
+ 32.4
8,604,804
11,388,031
4.7
—
14,247,793
170,518,008
20,008,907
1,713,579,861
~—-
—10.0
~+~ 6~2
■
12.7
8.910,056
8,870,100
977,198
364,074,020
—
2,257,477
f.
22.8
342,546,440
3,564,000
46,638,474
152,657,645
'
+
+ 30.2
6,132,000
52,858,398
162~15M51
»
1.2
,9
2,129,404
0.9
—
—
+
188,462,295
200,785,447
15,054,957
222,640,035
20,733,415
7,547,607
13,021,000
16,601,277
—
1,449,747
+ 12.6
773,011
906,162
6.5
+
2,226,325.136
66,484,745
.
33,815,752
187,724,000
8,428,759
-
Columbus.■
-
+ 18.0
9,195,168
610,200,000
10,775,390
8,643,088
10,041,751
Qa.—Atlanta
Ala.—Birmingham
5.9
+ 19.8
+
162,860,696
541,400,000
155,174,922
Nashville
-
+
*
38,073,456
2.3
—14.7
7.5
2.4
200,773,000
r
0.7ri-:
+
—
8.6
—
District—Atlanta—
Tenn.—Knoxville
-
—
87,735,397
Ky.—Lexington
8.6
+
1,117,449,707
—-
4.1
—
—45.2
14,106,499
Pittsburgh
Mo.—St.
3,284,921
16,418,533
.
—
>—
Youngstown
Sioux
643,530
j
7.5
—
22,843,900
Cincinnati
Des
556,561
•
-
2.7
2,857,137,544
Ohio—Canton
•
666,483
34.0
8,547,840
24,201,000
1,967,346
48,470,444
7,188,420
2,790,553,611
r-
517,900
1,689,292
54.424,748
3,534,768
Total (17 cities)
632,489
+
25,230,941
J.—Trenton
—13.3
84,544,853
1,755,656
Del.—Wilmington
—10.0
900,699
+ 23.9
—
+
12,226,707
779,240
+ 14.3
655,369
780,915
87,661,575
•
551,471
618,123
596,345
30,176,045
18,034,161
:
8,071,438
'
v
706,613
14,751,514
25,441,710
+
2,530,289
2,732,000,000
Bois
Terre
6.789.663
735,538
24.329,788
+
5.9
18,281,165
28,389,540
5.2
+
—
2,560,z62
2,751,123
Hazleton
South
8,527,450
+ 41.1
14.6
—21.8
+ 17.4
—
Mich.—Ann
<
+14.9
169,991,509,654
-
+ 18.9
26,937,601
"
%970,780
7.5
+
+
1,035,668.296
6,381,203
+
■
V;
•
+
—.
3,043.RO3.5n9
493,780
■■
11,945,667
.V
1.035.662
3,788,742,110
9,854,971
6,748,407
■
,
1,073,001
+19.2
10,910,884
:
7,290,105
659,606
■> 940,344
v
—23.4
<
6,975,118
11,726,393
V
770,866,264
x
7.1
7,915,921
Total
■■
•
+ 14.4
205,699,368
235,217,480
7,998,732
Pottsvllle
La.—New
1,464,837
1,201,041
+19.8
7,308,495
3,391,703
Meridian
1,141,725
4,777,221,852
<■
1.2 '
+
0.1
York
Macon
40,500,000
1,019,971
+
1,167,665,603
13,341,791
13,451,803
Augusta
1,146,636
44,000,000
5,692,950,753
37,586,064
5.8
2,659,000,000
7,915,912
Scranton
v
6,738,453
2,001,751
+14.1
14.7
38,042,896
+
3,465,611
Wilkes-Barre
g.
6,169,972
+26.2
+14.5
.
7.9.
147,195,028
8,582,756
Reading
Fifth ;
"■
1,410,252
+
-
+
12,926,494
5,667,798
—
Total
>v.V
+ 11.5
<
828,946,685
13,392,491
Philadelphia
Oil
+ 36.6
8,247,592
57,837,129
2.0
191,484,401
0.2
2,558,029
Norristown
W.
$
1,779,058
-
+
329,245,826
+
4,434,387
Pa.—Beaver
1941
8
66,009,672
-
'
•
+ 11.0
2,931,557
—
Lorain
Mansfield
11,264,777
6.9
8.5
+
+15.5
-206,537,065
367,048,124
0.2
3,285,621
Foorth
1942
Dec. %
District—Philadelphia-
Lebanon
:
34,691,637
+ 12.2
3,764,908
Harrisburg
7
8.6
—
21,520,738,292
Bethlehem
N.
Inc. or
$
*
+ 27.4
4,033,948
Chester
Du
,•
•
47,503,830
1,640,251
25,786,616,179
Pa.—Altoona
Lancaster
1943
$
%
—
1,735,675,344
112,567,296
-
(14 Cities)
451,388.857
48,994,598
+ 15.6
_
Oranges
Third
:
.
-
2,004,115,945
26,830,445
31,016,686
2,090,203
112,800,789
155,768,960
——.
-
8.9
+
5,508,035
Newark
Total
-Week Ended Aug. 5-
Dec.
419,967,901
—15.2
28,579,069
Conn.—Stamford
N. J.—Montclair
N.
r
661
1944
Inc. or
1943
'+
48,417,877
"28,526,244
——
Northern
1944
$
—17.3
7,778,084
260,693,673
4,714,188
4,982,067
20,808,977,106
—•———
Utica
<
Dec. %
^
"
—
—
Syracuse
-
Inc.or
59,090,265
48,842,233
6,594,205
283,805,000
■
—-•
"
Elmira
.
District—New York—
Y.—Albany.
H.
'
.
-Jan. 1 to July 31-
1943
;*> $
$
jiearlngsat—
Second Federal Reserve
;
THE COMMERCIAL & FINANCIAL CHRONICLE
'
,
•
24,270,529
+ 25.6
767,000
646,000
2.2
201,098,288
182,660,016
—
-Jan. 1 to
-Month of July-
Minneapolis
-
Rochester
Minot
,
Falls
Sioux
Huron
123,290,297
-
4,117,983,974
+
8.7
'■V^'
16,095,114
»—
+17.0
3,254,417
18.4
7.4
3,940,447
0.4
4,841,790
94,225,186
84,908,855
—~~2~6
36,803"iil
33,~489~076
3,"107^662
2,8~12~917
£,~106"975
1,33(^798
3.4
+
—
50,453,987
.
'.
■
■
51,803,211
_——-
—'75.4
85,568,317
92,665,951
+ 20.6
17,044,000
12,860,000
1,796,983
+
31.8
+
+1.9
3,193,430
:
7.7
1
+
10,554,802
37,600,160
95,663,973
9,657,480
8,480,015
+13.9
36,919,861
29,658,593
38,336,881
35,457,142
+
.:
V —3.4
6.9
8.1
4.4
4,305,126
+ 30.6
5,124,060
+
*
(• •
5.2
.
+ 13.6
17,561,219
431,917
137,979,515
132,105,891
3,149,738
2,949,097
+
6,169,723,619
5,653,083,778
+
'
1,493,794
4,819~554
36.1
996,496
£,03T885
—17~9
3,816"673
3,2937775
1.1
144,897,993
130,807,747
£,097,381
3,909,103
V
+
-
.
V;:
—
—
.
201,636,379
199,403,176
—
1
-
-
•
——
9.1
r
"+"l4~9
1,265"298
1,454,296
u
■■/.
6.8
0.8
—
;
:
■
v
24.5
+
+
3.9
+
.
—i
14.0
14,981,485
92,421,745
3,008~957
2,858,563
.
'
42.0
42,874,321
+
*
'
4
+
3.7
1,250,407
885,372,316
——
+32.5
—
'
—19.7
G,287,319
14,780,813
1
Federal Reserve District—Kansas City—
Tenth
——r*~-I——
Neb.—Fremont
Hastings————
Lincoln
9.9
770,626
.■
855,339
—
17,653-,606
303,308
+
5.7
4,115,779
4,127,308
—
8.3
2,087,925,773
+
4.4
67,099,540
71,099,540
1,096,955
+
1.-3,
7,597,598
1,267,303
+
2.3
Topeka-
15,747,631
13,495,729
+ 16.7
9,082,288
100,953,455
Wichita
42,361,651
30,682,989
+
3,987,647
883,896,544
26,103,745
987,282
58,999,917
5,325,002
3,196,894
Mo.—Joplin
Kansas City
-
Joseph
Carthage
Okla.—Tulsa
Springs
Denver
_
■
-
Total
2,489,796
—18.9
2,670,964
+ 31.1
5,679,398
4,725,268
3.7
195,4~45"778
188,372*858
~+~ 3*8
149,425"952
128,449^990
+ 19.1
5,596,942
5,837,162
4.2
3,969,832
3,708,471
915,913
1,139,069
"944,427
"969474
285,238,583
281,329,870
5,776,909,696
5,571,867,792
3.0
200,701,041
+
168,532,673
4,615,471
393,071,276
357,793,133
+
9.9
33,768,113
30,814,739
+
9.6
0.9
1,684,868,040
1,507,790,851
+
—19.6
1,672,848
740,328
Xfj
1,329~838
876~253
11.8
-
27,180,576
25,573,325
+ 36.3
1,826,260
—
+ 38.9
6,410,370
11.9
+
1,578,774,821
—
(16 cities) —
2,935,602
3,108,293
0.3
—10.2
4,486,361
37,941,485
+ 12.8
+ 10.8
4,806,503
46,134,647
6,144,187
+ 33.8
22,686,812
+
223,576,436
5.6
—
8,052,250
178,505,304
+ 82.0
542,363
3,101,729
2,521,376
238,751,960
•25,581,356
+
25,338,983
187,791
V; 3,594,275
17.0
+
38.1
+
52,716,945
206,011
0.3
0.8
—
86,279,839
+ 24.7
881,683,092
1,577,940,520
Wyoming—Casper
9,256,819
>;
+19.0
—
—; 1.2
7,692,627
•
~
225,565,687
4,028,801
-
Pueblo
-
1,111,351
'
-
140,174
176,836
—18.8
228,671
118.254,544
v
1,296,800
Kans.—Manhattan—,
Colo.—Colorado
185,740
6,100,405
124,963,066
2,178,978,905
9.7
—
315,549,057
15,938,268
289,329,772
»«—<—
————
—
Parsons
X^:3.4->.+ /
5,899,581
360,838
■
.
—
—-—
-
Omaha
St.
135,597,315
—
+ 12.0
•
.
4,044,683
135,001,188
t
"
1,788,000
878,639,233
Total (16 Cities)
+
+
14,779,546
14,005,765
^ 19,953,148
448,676
J
———«.
-
Lewlstown
;
$
$
'
,
J 4,182,245
+10.7
1,316,431,652
384,533
5,389,652
-
....—
'/Xv'X.'X-.'W'.'iX;;-,-''
2.7
—
13,599,604
1,413,615,831
,V■
5.1
+
1
1
16,550,645
2.3
—
1,973,919
•
Falls
Helena
VvV-
1941
1942
Dec. %
$
%
■;
3,720,413,300
5,622,222
Mont.—Billings
Great
•:
126,670,622
1.4
2,156,000
2,361,739
6,521,046
11,873,401
1,336,287
D.—Aberdeen
8.
Dec.
$
:■
X-•'•X' !.XXX'/X:'
2,221,729
449,840
3,448,689
Forks
V
6.8
—
207,314,140
201,650,505
2,075,180
-
—
-
Fergus Falls
D.—Fargo
Grand
;'
$
+
20,740,438
2,415,177
.
Paul
-
XX v
5v-
Inc. or
1943
1944
Inc. or
1943
585,405,948
19,333.814
593,603,857
—
-
Winona
Dec. Vo
$
-Week Ended Aug.
July 31-
1944
or
District—Minneapolis—
Reserve
Minn.—Duluth
8t.
S'X-X
$
Federal
Ninth
Inc.
1943
1944
Clearings at—
N.
Monday, August 14, 1944
THE COMMERCIAL & FINANCIAL CHRONICLE
662
16,771,754
10,831,489,075
+ 37.6
12,190,939
0.1
10,195,887,046
—
6.3
+
—
6.2
+
1.4
+
182,807,091
214,860,601;
\
Federal
Eleventh
District—Dallas—
Reserve
10,852^,495
Xm—i
Texas—Austin
El
82,468,003
78,961,616
6,5
58,719,518
3,389,595,750
2,999,051,797
—
4.4
+
60,125,223
+ 11.6
439,863,099
2,676,528
2,889,983
7.4
1,9 59,097
1,918,955
102,7~8i"665
94,450~247
"+" 8*8
76,~195~569
68,19"lT293
13.0
+
"+"l9T
10,*278~517
9,016X75
2.8
2,568,000
2,105,148
40,808,149
37,835,904
7.9
307,520,321
66,348,722
57,803,192
+ 14.8
416,634,004
362,858,337
+ 14.8
14,854~829
124~6~8~05O
13,535,000
+
9.0
87,819,400
85,216,000
+
3.1
2,867,000
2,788,000
435,662,703
384,588,728
+ 13.3
3,035,742,533
2,616,418,860
+
16.0
3,957,958
3,368,703
+ 17.5
29,190,299
7,044,027
6,085,795
+
15.7
44,749,580
2,709,462
+ 32.2
15,891,356
22,341,944
2,099,674
20,242,351
+ 10.4
1,103,856,113
984,617,088
+ 12.1
Worth
Galveston
v
—
Houston
Arthur
Falls
Wichita
Texarkana
—
La.—Shreveport
Total
(11 cities)
+
+15.4
266,384,099
v
•+
24,186,823
+ 20.7
37,928,448
+
1,344406
—"i~4~7
15,750,790
+
0.9
155,950,271
131,138,415
+
18.9
4,~3~78~491
5,114"673
"+14~4
7,624,281,035
6,678,020,408
+ 14.2
128,704,734
.119,055,059
+
87,728,853
86,339,616
+
1.6
2,119,477
2,016,442
+
5.1
.
1,148*886
18.0
J
1,159^050
1,266,412
4,208"674
3,549~985
96,368,907
86,048,468
73,351,681
52,050,507
1,442,578
1,203; 573
-
8.1
District—San Francisco—
Twelfth Federal Reserve
383,174,461
+
''2.802,000
328,010,418
24,278,203
2,657,024,364
2,677,616,668
65,947,520
50,931,298
+ 29.5
58,129,284
52,616,847
+ 10.7
+ 21.9
7,644,203
Ida.—Boise
27,286,580
3.9
+ 19.5
9,361,846
'•
1.3
+ 12.7
398,635,995
3,415,000
V
*
10,553,507
9,134,150
Seattle
—
3,690,262-
3,736,768
Wash.—Belllngham
Yakima
—
2.3
—
14,748,000
Paso
Port
4.8
+
8,885,089
491,072,596
Dallas
Ft.
10,359,553
8,310,057
Beaumont
21,435,000
.16,611,000
8.9
2,186,684,320
2,245,854,291
+ 12.3
0.8
—
.
•
.
"
;
Ore.—Eugene
Portland
—
298,643,948
—
Utah—Ogden
Lake
Salt
Ariz.—Phoenix
—
—16.8
7,107,148
114,575,159
42,687,775
830,790,206
796,796,997
Berkeley—
24,775,519
+ 11.0
206,569,593
14,515,741
•
8,312,281
"-13,238,639
+ 74.6
83,889,479
13,687,461
-
40,859,894
Pasadena
Riverside
7,011,594
San
Francisco
San
Jose
+
15.0
61,353,069
46,352,800
3.6
21,318,737
17,42X251
+
;
" :-
Wtei.
55,478,953
42,558,277
133,464,417
3.4
103,789,490
-
+ 47.2
+ 33.4
________
9.4
+
44,595,004
33,427,841
6.1
8,338,719,688
7,322,380,300
159,930,176
59,160,500
133,359,959
-121,929,905
4,172,081
+ 40.4
————
'■
,,
—27.5
—
3,676,419
.
,
4,74X408
5,536,800
-
————
+ 13.5
2,760,881
8.4
206,826,000
3,47X481
:
________
13.9
+
——
10,273,542
7,446,321
+ 31.2
42,123,563
+
,
9.1
—
24,877,661
+ 30.1
+ 30.7
1,146,385,353
MWWMMM
+14.9
88,639,664
265,394,220
'
+ 35.6
5,172,402
1,216,414;000*
80,487,206
'tetetewteww—
25,782,008
+ 47.2
101,843,477
+ 27.4
17,847,788
+
56,987,969
290,326,186
—12.5
7,296,591
19,457,317
i-
"
73,163,420
1
4.3
'
3.4
+
35,765,608
9,297,454
Beach
+
•
________
8.0
—
179,666,530
;
-
2.6
—
46,383,643
6.1
+
27,497,937
•
Modesto
,
'V
121,602,010
Calif.—Bakersfleld
Long
-
5,911,419
City
429.1 V
,
r
iv
288,190,362
,
265,768,000
+
169,3~3XOOO
'
25,103,715
Barbara
Santa
9,220,389
Stockton
Total
cltias)
+ 41.1
19,892,996
V'Vt-", 1.7
■
124,690,912
2,233,691,380
Estimated.
2.4
15,497,322,481
+ 12.0
321,791,817,709
+
4.0
157,231,965,858
144,872,268,148
+
8.4
+ 11.5
.
Company and Issue—
which the details
were
OF
Maine
Power
due
1st
and
mtge.
gen.
Parkway Corp.
gen.
Power
7%
mtge.
6s, due
1st
1956
series A,
mtge.
6%
secured
Coast Line
due
1955
RR.
4%
bonds
due
collateral)
Sep
z
1952
(Louisville
due
1962
429
Century Ribbon
!
due
Products
Inc.,
Corp.
7%
gen.
mtge.
~3%%
preferred~stock—XXsep
5V2%
debentures,
ser.
A,
due
Alden Coal
Co.
Commercial
due
Katz
1st mtge. 4%
Telephone
Co.'
1st
due
33/4S,
1971-Sep
ser.
3,090,852,843
Paper
Co.
ref.
$4.50
mtge.
preferred
570
•
Water
VU'/o
___"
Power
Co.
&
ref.
mtge.
Auto
I V
Sep
Corp., 6% pfd. stock, ser. D__Sep
preferred stock
Nov
5% preferred stock
Oct
1st mtge. 5%
bonds
debentures due
570
1
6%
stock
bonds,
America
1
Cable
Corp.,
Associated
531
due
&
1%
Public
6%
* 571
Sep
.1
571
—Sep
30
53
1955—Sep
1
ISSUES
ser.
B
Corp., warrants
preferred stock
219
1
:
5
1
U968
1
532
'
'
Sep
1
:
Sep
1
debentures,
series
A,
Aug 14
gold bonds,
series A,
due
gold bonds,
series B,
Service
Central
4%
Foundry
'
1946
Sep
General
mortgage bonds due 1946
Central Pacific Ry. Through Short
Line, 1st mtge.
due
Sep
Rochester
mtge. 3l/z% &
535
536
Conlon
Connecticut Light
536
A, ' •
Sep
1
536
Sep
1
328
1st
and
debenture
bonds-'
Co., 1st mtge. 4s, series B, due
Lake
Ontario
1
12675
1
Sta¬
Co.
1st
1
Sep
mtge.
1
228
1
Sep
Water
Sep
5s/-.:. ••
1
debentures due
571
Aug 15
1963
preferred stock
Mfg. Co. 3Va%
570
570
Sep
Corp.-Baltimore Parcel Post
5V2% bonds due 1949
1951
V,
1
„•*
1950
12678
*
571
t
mortgage & ref. 5% bonds, series A, due 1967
& ref. 5% bonds, series B, due 1961
.1.
51
1st
due
1944
1
—
& collat. trust 4%
7.
Aug 15
bonds, ser. A, due 1951_Aug 15
V '
V
'*.,
Pacific
Co.—
12528
bonds,
ser.
gold bonds—Central Pacific stock coll. due 1949—Dec
Central
Pacific Ry.
Through
Short Line ' 1st
4s
due
1954
1
Texas
12299
1
?
-
12516
'
533
.
-
.
1
Nov 15
428
....
..
429
-
12237
Pacific-Missouri
Pacific
Terminal
RR.
of
Texas
Gen.
Texas
Power
Corp. 1st mtge.
mtge. 6y2%
6%
bonds due
Telephone Co.,
1st 4s,
Oct
New
X *
A,
due 1960
4
124
\
'1
Sep
Sep
*
I
-Sep
bonds due 1956
1956
12124
"
53
1
,
;
1.
572
*
Tide-Water Associated
Oil Co., serial notes due
V
_Aug 23
1945-46 Aug 15
572
Tide Water Associated
Oil Co., serial notes due
1947-50_Aug 21
472
ser.
United Chemicals, Inc.
$3 participating preferred storck_Sep
Utica Electric Light & Power Co. 1st mtge. 5s, due 1950 *
§
West Penn Power Co.
1st mtge. 5%
1916
53
1
572v
1
573
572
bonds, ser. E, dated
Sep
—
429
Aug 15
12195
Oct
11863
1
12528
1
532
_
1
1
1
A,
4%
'
Orleans, .1st mortgage 5 Vis, series A, due 1964
Sep
*
51
31
1
219
Oct
-
31
Dec
Ltd.—
(
mtge. & collat. trust serial 3Vi%
Oct
12631
Lsep
;
Dec
1st mortgage
Simpsons,
Aug 15
1
3V2% bonds, series F, due 1966—Sep
Derby Oil & Refining Corp., $4 preferred stock
Duplan Corp., 8% preferred stock
Corp., 6% preferred stock-
Harvill
Oct
;
bonds, due 1947
Co.,
1
Sep
Co.—
Sep
1
—
& Power Co.—
ref. mtge.
due
——Oct
Springfield Building 1st mtge. bonds, dated 1922
Temple University-Greatheart Society, Inc., 6% bonds
Sep
City Ice & Fuel Co., preferred stock
Commercial Mackay Corp., income debentures
1
Coke
bonds
——
due 1952—1—
532
1
4t% bonds due 1949—Jan
1
6%
&
mtge.
—
mtge.
Button
Rochester
due
gold
mtge. 4s,
Southwest Telephone Co. 1st mtge. 6s, ser. B, due 1947
[Oct
J2300
6%
1st
531
.
4%
1954
Century Ribbon Mills, Inc., 7% preferred stock
Chicago, Burlington & Quincy RR.—
Corp.
322
322
1
Co.—
convertible notes due
RR.
Bldg.
Providence Gas
322
'
1947—Aug 14
1945-1950_Sep
1
1
*
due 1948—Aug 14
Corp. serial debentures due
RR.'
—
leasehold
Southern
20-yr. 5%
lien
Claiborne
&
Charles Street
1st mtge.
20-yr. 5%
bonds
«
' 425
' 426
~ *
3
1
Sep
,
Bethlehem Steel
j
570
tion
Page
First
323
570
570
1st
debentures
Radio
1958
432
Scranton-Spring Brook Water Service Co.—
CALLED
Date
gold
Sep
debs., due 1952_Oct
&
Postal
•
fund
1967—Aug 24
bonds, due
debentures
&
Peoples Gas Light &
Utilities Corp.—
sinking
11447
1st
* 571
1
1952
debentures due
Corp., series A and series
327
1
Oct
mtge. gold, income bonds, ser. A and B, due 1949-Aug 30
ref. mtge. 5% bonds, ser. A, due 1952—
Sep 12
ref. mtge. 5% bonds, ser. B, due 1955——Sep 12
6%
571
1
Sep
123
1
prior nrefeience stock
Supply Co. 3y4%
Inc.,
1953
435
Ref. mortgage 5%
Electric
Inc.
Page
X
11766
collat.
&
6V2%
Inc.
1st mtge. 5%
Voehringer Co.,
1946
Sep
bonds, due 1964—
Gas
Bros.,
&
Date
1st mtge. 6$, due l946——Feb
1
Canal
Artloom
A,
Sep
Co.,
3,524,140,475
15
St.
Illinois Division
bonds due 1965—— Sep
1955
Drug
3.7
mtge. bonds, series A, due
Judson,
570
American
530
1
Aug 15
1970
International
303,333,546
6,134,656,352
National Container Corp. 15-year 5V2%
New Orleans Public Service Inc.—
570
All
*
—
bonds, series D, due 1962—Sep
^Hartford Electric Light Co. 3*4% debentures
Illinois
380,861,913
7,312,882,585
1st
1955
First lien
^sep
VA%
570
Mock,
1
due
^
United States Leather Co.,
Page
bonds
Chicago Produce District 1st mtge. income bonds
Chicago & Western Indiana RR.—
Glen
3.5
12.0
+
Jacksonville Gas Corp.,
Scovill
Aug 15
__'sep
1948
1st & ref. mortgage
569
_____Sep
1
debentures
1966
30-yr.
gep
Mills,
1
ser.
1st & ref.
570
Western
-
Nov
;
Certain-teed
+
Co.—
Power
1
fund
St. Louis Public Service
Co.,
Schenley Distillers Corp. 4%
debentures, series A,
^
Power Corp.
536
Company and Issue?-*
_
Companies, Ltd., 4%
New York
bonds,
conv.
1
Aug 26
1965
Central
4,066,183
Company and Issue— ^
Illinois
Sep
sinking
Aug 25
Carolina, Clinchfield & Ohio Ry„ 1st mtge. 4s, series A,
due
—Sep
1953
___________
Safeway Stores,
Aug 21
—
Oil
3,581,228
+
.
Hudson. River Day Line,
536
1
Roos
Aug 22
Pag®
'
1
Page
-Aug 25
bonds
1953
Canadian
4,268,673,321
sinking fund debentures due 1957
—Sep
Niagara Falls Power Co. 1st & ref. mtge. 3bonds
Aug 18
due 1951
Corp. 6%
ENTIRE
Nashville
"
482,733,344
4,425,459,165
+
9,045,895,173
-
3V\%
PARTIAL REDEMPTION
&
..500,792,7.75
;■
Sep
trust
Company and Issue—
Date
AJlentown-Bethlehem Gas Co. 1st mtge. 3%s, due 1965—Sep
1
American Railways Corp. 4V2%
collateral trust bonds
Atlantic
4,142,208 '
Sep
3V\%
Co.—
bonds,
Shares
debentures due
1947
Rochester
Melville Shoe Corp. 5% preferred stock
National Sash Weight Corp. 1st mtge. 6s
due
3,023,082
National Oil Products Co.—
3y2s,
;
3%%
10-year convertible 3 Va% debentures due 1949
3xMo debentures due 1949
TENDER
1966
Connecticut Light &
1st and ref. mtge.
Co.
1,658,261
3,320,773
1
7-year
due
Date
Co.
Plan
due
Pennsylvania
Company and Issue—
Warner
1,370,166
7.3
National Distillers Products Corp.—
given in the "Chronicle."
NOTICES
Century
—11.3
Sep
Electric Co.
A,
list of corporate bonds, notes,
a
preferred and common stocks called for redemption,
including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
H,
+ 44.1
2,021.098
bonds, due:
1961
Morris
Below will be found
series
4,131,152
10,128,409,918
,
Date
Koppers Co. 1st mtge. & collat. trust V/2%
Master
Central
.
1
Redemption Calls and Sinking Fund
-
v
8.5
+
5,953,446
1,791,966
4,444,841
.
..
7.0
+
288,543,125,371
21,567,833,375
+
14,292,677,618
42,367,810,481
22,428,297,103
Outside New York
2,181,240,295
47,470,448,523
Grand Total (186 cities)—,
♦
6,534,352
^ 19,548,901
5
■
(19
19,097,449
♦Announcement in
time with interest to
this issue,
maturity.
fin Volume 159.
§Redeemable at any
"
*
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4307
160
Per
DIVIDENDS
In tne
bring together all the dividends announced the
Dividends
first
we
grouped in two separate tables.
are
Then
week.
current
follow with
we
a
67c
Lanett
Lee
Ludlow
»
■
,,
Macassa
When
Per
Name of Company
-
,
share
Steel; (quar.)—
—
Associates
Steel
Cast
Aluminum
6%
Co.
(quar.).^^—-
preferred (quar.)
Aluminum
Industries
American
Electric
(quar.)
(quar.)_
Co., com.
'
Co..
S6
Art
Atlanta
$1.65
National
&
$1.50
6
Mfg.,
Aviation
6%
Ry.
8-21
Monarch
9-
1
8-21
Monroe Loan
9-
1
8-21
Morgan
(J. P.) & Co
Line, $4 preferred A (irregular)
Columbia
9-
1
2
9-11
10-
2
9-11
5%
.
'Class
9-
8-15
8-17
$4
9-
9
$2
8-15
8-10
Oklahoma
9-30
9-25
Oliver
8-21
8-
17c
.
,6%
Chrysler
8-12
9-15
9-
9-30
9-15-
9-30
9-15
Class A (quar.)
137y2c
9-15
9-1
125c
9-1
8-15
t$1.25
10-31
9-29
1$1.25
(quar.)
—
1$1.25
9-29
10-14
9-15
$2
9-9
9-
$1.50
-v
(irregular)
10-31
1$1.75
;
9-30
—L_—
pfd.
,
Coca-Cola
,5%
convertible
Consolidated
(irreg.)
A
pfd. (quar.)
Raynolds, Class A (quar.)
Class B (quar.)
:.
57c preferred (quar.).—__————
Dayton Power & Light, 4Vi%
—
&
Diamond Alkali Co.
,
.___
—-
..77c
Manufacturing
Eastern
Eastern Utility
El
St.
50c
9-30
9-15
1
8-19
6V2%
9-
1
8-19
77c
9-
1
—
Paso
1
8-19
Natural
Gas
__
(quar.)
Ely & Walker Dry Goods
Felin
Finance
J.)
Co.
Class B
.
of
Co.
Gallaher Drug,
7%
$2
9-
1
8-11
Shenango Valley Water,
$■? 9
7- 7
Industries
General
Motors
preferred
$5
<
Extra
,.
Corp.,
,
1
8-19
% 8"31
8-17
5
,9-
$6
-
preferred
stock
mon
.
Globe
.i
&
5%
Great
■?
77c
Great
Republic
2nd
Golden
&
J
8-15
1
_
Industrial Corp. (quar.)
Producing (irregular)
Co., common (quar.)
$1.40 convertible preferred
(quar.)
Toledo Edison Co., 5% pfd. (monthly)
3
Texas
9-
5
Tilo. Roofing
9-15
9-
5
$1.12 y2
9-15
8-25
8-15
8-
5
8-15
8-
5
8-15
8-
5
9-
9
8-17
11-
1
67o
10- 9
Union
Northern
B
Tea,
-
—
-—-
•
conv.
Class
Hobart
$2
Tea
4y27c
conv.
Co.,
common
preferred
8-15
Upper Canada Mines,
8-15
9-
1
8-19
9-
1
8-15
$2
$1.75
1st pfd.
of
1
8-24
9-15
77c
Stores,
9-
8-31
9
10-
2
9-15
8-
7
6%
9-
1
8-16
6%
9-
1
8-15
,9-30
8-31
$1
25c
——
9-
9-20
$1.06 Va
119-
8
preferred
(quar.)
""25c
8-28
9-10
$1.75
-> 1
6
10-18
1
'•'*
9-
1
8-25
Rolling
8
9-14
first
6%
preferred
x_
(quar.)
(quar.)
preferred (quar.)
preferred
(quar.).:
preferred
(quar.)___——
Wamsutta
Western
—
Class
$5
9-11
9-11
B
4%
preferred
conv.
Atlanta
Topeka
Atlantic
4
Gas
8-
8-18
9- 5
8-25
Atlas
8-30
8-30
8-19
Atlas
8-19
Automatic Products
8-21
8-11
Aunor
8-31
9-15
9-15
9- 1
8-18
Baldwin
8-25
Baltimore
9- 1
9- 1
8-19
8-19
Bandini
Petroleum
7-28
9- 1
7-24
Bank
of
Montreal
7-31
Bank
of Toronto
8-15
10- 2
10- 2
Utilities, 6% preferred (quar.)
Westgate-Greenland Oil (monthly)
Paper. 7% preferred....
(s-a)
preferred
Powder
Tack
Mines,
American
62>/2c
9-25
37'/2c
11- 1
37'/2c 2- 1-45
37Mac 5- 1-45
37!/2c 8- 1-45
—
7%
Belding-Corticelli,
$5
conv.
$7
pfd.
8
9-15
9- 1
8-15
8-18
lc
8-15
8-10
$1.75
$3
10- 1
5- 1
8-
5
9-
9-22
9- 5
9- 8
8-21
9-1
8-7
9-15
9- 1
9-
1
8-15
9-1
9-30
8-31
'
5
25c
9-
1
8-11
9-
1
8-11
9-
1
1
8-11
7-28
9- 1
9-15
8-11
8-21
<
Ry
Fe
4i/2%
$1.50
pfd.
(quar.)_
8-14
75c
9-11
8-31
8-31
8-15
8-15
8- 1
(s-a)_
t5c
$1.05
9-1
9- 1
8-4
8-15
(s-a)—
Co.
10c
8-15
7-31
5c
8-15
7-31
5c
15c
3c
t$1.50
t$2.50
25c
tl2l/2c
15c
$1.50
$1.75
t25c
37y2c
9-1
9- 1
8-20
9- 1
9- 1
9- 1
9-15
9- 9
9- 1
10- 2
9- 1
8-15
8-15
8- 7
7-31
8-15
8-15
8-31
9-15
10- 2
8-31
8-31
10- 2
8-31-
(quar.)
:
(quar.)
(quar.)
common
class A (quar.)
pfd.
8-14
9- 1
40c
10c
,
Ltd. (quar.)
Works, 7% pfd.
(quar.)
Ltd., 7%
8-21
9-11
75c
;
insurance
9-15
25c
(quar.)
Canada
25c
25c
—
com.
9-
$1.12y2
-
Corp.
(quar.)—
:
Bertram
(quar.)
—
*$1.75
*$1
20c
8-15
8-7
9-8
7-28
8-1
pfd. (quar.)___—
(quar.)
(J.) & Sons
(s-a)
...
:
Extra
(quar.)
Bigelow-Sanford Carpet com. (quar.)
6% pfd. (quar.)
Birmingham Fire Insurance of Ala. (quar.)
Company
50c
$1.25
$1.75
*15c
8-15
- y
8-14
<9- 1
9- 1
8-15
8-15
7-31
40c
50c
35c
8-15
9- 1
9- 1
8-28
7-25
8-15
8-15
8- 7
$1.50
40c
_1
9-15
9-22
9- 1
9- 1
9-22
9- 1
12J/2c
75c
8-15
8-15
8- 1
50c
9- 1
9- 1
8-15
8-15
8-15
.
$1.50
8- 4
8-21
8-21
7-31
Birmingham Water Works—
6%
preferred
(auar.)
Black & Decker Mfg.
(quar.)
Extra
Blauner's
$3
Bliss
Inc.
preferred
(E.
W.)
(Phila.), common
(quar.)
Co..
common
6% preferred (s-a)
8-15
8-10
1
40c
5-26
8-
9-22
9-
*5c
Common
7-16
8-21*
10- 6
9-30
J25c
(quar.)—
Spinning Association—
Fine
Berkshire
&
10-14
8-10
8-10
9-25
10c
$1.75
(quar.)
Belding Heminway Co.
Best
1
25c
common
(auar.)
Common
2-26
1-15
15c
$1.25
1 |
9- 8
$1
(quar.)
Bayuk Cigars Inc.
2
2
9-
$1.50
$1.75
1-
2
9- 1
$1
Corp.,
Bathurst Power & Paper Co.,
4-16
75c
50c
Canada
2
7-
8-18
fl5c
(quar.)
4-
8- 4
8-31
9- 1
$4;
(quar.)
preferred
8-31
9-15
$1
(quar.)____
(quar.)
Co
of
Co.
5
9-15
50c
'.mj "
10-
10-16
8-
8-15'
common
(quar.)
H.)
"8-25
50c
-
(W.
1
8-15
(quar.)
of
Show
Barber-Ellis
"
8-25
9-15
common-.,,
Extra
Barber
9- 5
.
10-14
(accum.)____
—_—
Barnsdall Oil Co.
9-
50c
common
Locomotive
9-15
9-15
20c
Y.)___
(quar.)
preferred
10-14
9-30
$1.75
(accum.)__.
Co
Baltimore Radio
8-18
.
.
$1.12%
(N.
(quar.)__
Corp.
Gold
6%
1
9-
*10-16
*
_________
Corporation
6%
9-15
9-12
8-18
30c
Special
Atlas
'
1
7-28
1
Sanitary—
(quar.)
Sante
&
9- 1
9- 1
8-21
9->
9-
25c
Light Co.,
Cor
8-15
9- 1
9-1
2
8-18
"
Refining
$1.37l/2
8
2
10-
$1.50
preferred (quar.)
Atchison
8-21
10-
15c
25c
preferred (quar.)
9-15
1
.
—
Corp., common
preferred (quar.)
9-15
8-
J.)—
Mining
7%
8-20
8-17
8-1
(quar.)
pfd.-
Dry Goods
25c
15c
(quar.)__
Western
Villa Grocers
Copper
Associated
8-31
N.
(quar.)
8-19
8-15
9- 1
8-14
common
Hocking Glass Corp.
9-15
50c
50c
9-1
9- 1
<
class A
Co.,
Breweries
1_
9-
20c
$1.75
,
"$1.50
pfd.
$6
7%
Associated
9-
9-20
9-12
Anheuser-Bush, Inc.
Armstrong Cork Co., common (interim)
9-11
9-14
9-20
(quar.)
preferred
Andes
9-11
8-25
9-20
10- 2
Anglo-Canadikn Telephone Co.—
Class A (quar.)_
Anaconda Copper Mining
Co
9-11
50c
Mills
Auto Supply
Whitaker
White
Tobacco
-
Foundries
American. Woolen
8-25
$1.75
—
Mills
common
Co.
Superpower
:
5
11-27
8-15
' 10- 2
75c
Steel
American
American
8-15*
9-15
1-15-45
4-16-45
7-16-45
9-11
12-11
3-12-45
6-11*45
9- 1
10- 2
$1.50
75c
(Newark,
Co.
Mill
American
•
8-25
9-15
8-15
___'
pfd. (quar.)
American Smelting & Refining,
8-21
10- 1
10-16
1
-75c
4y2%
9-'5
62'/2c
$1.25
$1.25
$1.25
$1.25
40c
40c
40c
40c
9-
—_
Re-Insurance
8-10
8-15
12y2c
(quar.
American
t2'/2c
—
Ltd. (interim)
Cotton
Co.,
...
Co
Virginian Railway, common
6%
preferred
(quar.)
8-12
140c
Mohawk
preferred
American
8-19
1
62y2c
Standard
5
8-25
8-10
9-
JOc
9- 1
41%c
50c
,
8-19
50c
(quar.)
(bi-monthly)
&
Bethlehem Steel Corp.,
preferred A
Products
Raalte
77c
12y2c
20c
(quar.)
Van
*
(accum.)
(quar.)
common
Utica
8-15
9-
-
Kobacker
5
,
371/2 c
Canada—
King Seeley Corp
9-
9-15
25c
partic.
Nickie Co.
1
8-15
1
50c
pfd. A (quar.)
Mfg. Co., Class A (quar.)—
International
9-
1
9-
25c
(quar.),--*.
A
Huyler's,
Jewel
(accum.)—
pfd. (accum.)
Co.
Hiawatha Oil & Gas. 57c
10c
9-
50c
(quar.)—'—:
Rubnstein. common
.1
Helena
.
Universal
8-31
40c
(quar.)_
Mining
8-15
8-24
$1
.
(Cal.), Class A (quar.)
Bakeries, $7
8-15
1
1
9-10
9-
$1.75
common
Extra
Hecla
1
9-
,25e
convertible
6%
Co.
5
40c
9-
$5
_____
..
7%
8-15
Lithograph—
50c
8-15
9-1
>
of Amer.—
Hartman Tobacco. $4 prior pref.
Hathaway
States Printing &
10c
Insurance Co.
"
Extra
Class
preferred
(quar.)
(quar.)
Co., common
(quar.)
U. S. Sugar, $5 preferred (quar.)
$5 preferred (quar.).
$5 preferred (quar.)
$5 preferred (quar.)
-.
6.4% preferred A (quar.)
6.4% preferred A (quar.)
6.4% preferred A (quar.)
6.4%
preferred A (quar.)
$1.50
(quar.)_—
Paper (quar.)__
Hancock Oil Co.
series B
Oil Shares,
Garage,
preferred
United
of com-
Square
S. Gypsum
77c
(irregular)
Products
Standard
Trustee
;—
(monthly)
(monthly)
preferred
preferred
77c
Treesweet
dividend
share
Gulf
8-
9-15
15c
News
Radiator
$1.50
12 >/2c'
8-15
Common
$1.50
50c
$1.75
(quar.)
Corp.
Sylvania
9-15
7
U.
stock
44/100ths
Furniture
—
8-30
^
20c
14c
Storkline
9-11
3c
Securities
10-
8-19
8-18
$1.75
V
♦
:
58Vhc
8-21
8-
preferred
Quarterly
7%
$1.37V2
62y2c
12y2c
8-18
American Nat'l Bank & Trust Co. (Chicago)—
8-15
$1.50
9-11
Ltd., common______„
(quar.)_^__
15c
10c
35c
8-16
1
...
11-25
Co.,
25c
1
9-
Extra
Metal
8-25
1
1
1
1
8-25
12- 1
$1.50
(monthly)
Artloom
991010-
9-21*
9- 1
$1.75
12J/2c
:
Co.
8-15
50c
25c
7-20*
25c
$1.50
9-
$1.25
common-
Pacific
—
9-11
2
35c
preferred (accum.)
Atlantic
Mill ■>—
9-30
9-30
10- 2
10- 2
10- 2
10- 2
10-2
8-25
$1.75
$1
Spear & Co., $5.50 1st preferred (quar.)—
$5.50 2nd pfd.
(accum.)
Standard Accident Insur. (Detroit) (quar.)
9-
$3
$1.62!/2
$1.75
$1.87y2
$2
87y2c
Soule
$1
9- 9
10- 2
8-15
5c
American
9-
8-15
9-7
1
9-21*
^____
(quar.)
10-
9-15
9-
9-14
(quar.)
6%
8-
75c
Cycle Corp. (quar.)—
preferred
Steel—
&
8-10
7%c
—
cash—.—:
or
pfd. (quar.)....
8-15
9-
$1.75
(quar.)
(optional
series), (accum.)
67c
45c
$1.25
General Shareholders Corp.—
V
Saw
75c
9-7
7-31
$1.75
common
Investment
8-18
9-15
10- 2
10- 2
10- 2
8-31
,
$1.50
Felt
&
Insurance
American
9-
.
10- 3
.
Corp., $2 pfd.
American
8-18
10-2
9-15
9-1
<*"■.
(quar.)___
American
Smith Alsop Paint &
1
i°c
-i-ii.-":;
■_
15c
_-
pfd. (quar.)
(irregular)
(quar.)
—
,
Varnish—
77c preferred (quar.).
Sontag Chain Stores. 77c preferred
Sorg Paper, 4-6% series B (accum.)
6% preferred series A (accum.)
24>/3C
$1.25
—
'10-15
9- 1
10- 2
9- 1
10- 2
Extra
7-25
9-1
10-15
(irreg.)_
com.
Socket
&
40c
8-11
137y2c
(quar.)_
pfd.
participating
General
—
(quar.)
1
——
class A (quar.)—
Baltimore,
(s-a)
(quar.)
Pen
9-
—
Ltd
Corp.,
(irregular)—
(quar.)
$4.50 pfd.
A
A.)
8-25
50c
Canadian
&
Flintkote Co.,
77c
gtd. (quar.)—
Gregg (quar.)
Players
(J.
(W.
Sheaffer
8
"
Famous
pfd.
9-
25c
(quar.
Empire & Bay State Tele., 4%
Faber Coe &
67c
Power.
D (quar.)
(quar.).
debenture B (quar.)—
debenture
87c
&
C
60c
——y-i.y
(accum.)_
Associates
75c
25c
9-30
9-15
75c
$1.75
$2.50
/
—
Indemnity Co.
8-21
■
(quar.)
Semi-annual
8- 4
'
debenture
debenture
7Vi7c
8-19
9-
(West.), Ltd.—
(quar.)
9- 1
8-18
5c
preferred (quar.)
American Home Products
American
9-20
„
_L__
(quar.)_„__
pfd.
conv.
American
50c
Co._______
Electric
Savannah
9-
25c
187'Ac
Corp.
Lead
Joseph
$1.12 Vb
25c
6%
8-24
10- 2
8-15
9-15
9- 1
10-15
American Hide & Leather—
8-21
Rubinstein, see Helena Rubinstein
8-21
Sugar Associates—
preferred vtc.
$5
8-25
8-31
$1.25
$6
8-10
Hair
1st pfd.
2nd pfd.
Anchor
(accum.)..—__—
preferred
partic.
$1.50
Simonds
(quar.)
preference
Doyle
9-15
.
Ltd,—
Dominion, Envelopes & Cartons
8-24
6%
& Myers—
Bobbins
25c
deposit rets, for ord. regis, (final)-
Amer.
8-17
50c
(quar.)—
Dictaphone Corp., common
*8%
preferred (quar.)—
Distillers Co.,
9-
8-31
4c
(quar.)
•
class
9-15
1
$3
2
60c
preferred (quar.)
conv.
preferred (quar.)
American
9-15*
8-15
10-
20c
$2.50
8-25
9- 1
25c
Reynolds Metals Co. (irregular).—:
—
^
25c
Rheem
Manufacturing Co. (quar.)
25c
Rice-Stix Dry Goods—75c
8-18
General
.
10- 2
9-1
75c
&
American
8-21
8-4
—
pfd. (initial)
conv.
7%
Furniture
1
8-11
20c
____________
(quar.):
Forging
8-15
8- 7
.....
25c
(interim)-—
Co.
■—
pfd.
$1
■*
—
Inc.'
'
(special)
9-
1
9-
$1.75
preferred
American
:
8-18
v
1
9-
75c
(quar.)
Shares
American
9- 8
25c
$1.50
9-
$1.25 *
.
1
8-18
70c
(quar.)
25c
(quar.)
9-
9- 5
50c
(accum.)
Foreign Power, $6 pfd. (accum.)
$7 preferred (accum.)
10-16
9-25
25c
Business
American
9-5
t$1.50
20c
$1
;
preferred
7%
8-31
1
$1.75
Reo. Motors.
8-18
$1
!$2
(irregular)
American Envelope,
8-15
9- 19- 9
8-21
9- 1
9- 8
$1
"
9-16.
9-16
-25c i
:
American Car & Foundry Co.,
8-15
9-29
25c
Can Co., common
preferred (quar.)___
7%
6%
8-25
9-
Corp.
67c
.9-8
(quar.)___
common
American
9-3
8-18
9-15
10-
:
____—
9-16
9-1
-—
Light
9-15
9-30
Bank Note, common
preferred (quar.)
;
American
:
(accum.)
Radio Corp. of Amer., $3.50 1st pfd. (quar.)
87'/2C
Rayonier, Inp., $2 preferred (quar.)—50c
$5.69
.
$2
8-15
2
8-14
—$1.25
Fuel
Electric
10- 2
25c
i
(quar.)____
preferred
conv.
6%
•
$1.50
1
9-
$1.25
Automobile Insurance (St. Louis)
'
(irregular)
A
9-11
9-11
10-20
American
9- 1
preferred (quar.)—
Prosperity Co., Class A (irregular)..
Class
10- 1
10-1
'
Asphalt Roof
8-15'
$3
Public
9-15
50c
:
common
American Bantam Car,
$1
Pittsburgh Coke & Iron—
$5 convertible preferred (quar.)
8-15
(.quar.)
Corp.
2—...—
_>
Prentice-Hall, Inc., common
1
25c
Arch
9
8-14
Transportation—
...
8-21
1
9-
10-
Capital Corp., Class A
Curtiss-Wright,
.
9-14
,
9-
20c
Philadelphia Suburban
Quarterly
8-19
115c
Inc.,'(quar,)
Steel
Continental Can
Devoe
4
75C
preferred
Congoleum-Nairn,
Crown
9-
'
75C
31'/4C
Aikman. common
(quar.)
Philadelphia Dairy Products Co.—
$6 prior preferred (quar.)
$4 non-cum. 2nd preferred (irregular).—
8
(quar.)
International
Collins &
Co.
Pocahontas
Elec.—
&
&
(Charles)
9-
8- 8
10-
common
American
8-18
9-25
9- 1
25c
50c
25c
$1.50
35c
(quar.)
8-12
9-
15c
Coca-Cola
preferred
67c
Co..
12-20
'
43%c
American
8-15
1-2-45
8-15
$3
(quar.)_____
common
American
5
9- 1
37V2C
9-20
2
8-
8-31
9-15
8-25
Co
2
10-
75c
(quar.)——:
8-21
8-15
9-12
40c
8-15
15c
9- 1
' 8-15
15c
preferred (quar)
6%
9- 8
9- 1
Cement
Ltd.,
8-15
9-
9-30
(s-a)___
Aluminum Goods Mfg., common
Amalgamated Leather, 6% conv. pfd. (accum.)
8-25
(quar.)
Pittsburgh Yourigsto^n & Ashtabula Ry.—•
77c preferred (quar.)___..
10-
$i.i2y2
(quar.)—
1
8-15
8-30
10-16
(quar.)
Extra
9-20
i—
V
Gas
Pfizer
5
50c
115c
Portland
1
50c
(quar.)
preferred
6%
8-26
!
8-31
35c
25c
Mfg.
4%'
Aluminium
8-21
.
7-31
$1.75
1
Corp.,
Alpha
9-15
11-15
pfd. (quar.)
(quar.)
Mulliken Corp
Pfaudler
8- 7
Inc
Corp,
preferred
7%
Inc.
Paul.
1
Co., Ltd. (quar.)_
1st. preferred
Company
.
Peter
9-
75c
Counties
*5%
9-
Pettibone
Extra
Coast
9-15
(quar.)i.—
9-15
r%9- 1
9-1
9- 1
9-15
9-18
11-15
(quar.)
Proof
8-15
common
(quar.)
Stores
5%
$1
$1
$1.75
$1,50
t25c
Patterson-Sargent Co.
9-20
(quar.
Bar Knitting
Parker Rust
2
Corp.-
Circle
Parker Pen
2-14
7-31
30c
.
(quar.)
Allis-Chalmers
9- 1
9-11
50o
8-30
8-15
2-28-45
1
9-15
9-15
.v 9- 1
50c
8-31
9- 1
10- 2
(s-a)___^
pfd.
Steel,
Products
Allied
$1.16%
$1
(quar.)
9-15
.
10-
(quar.).:
RR.
Pacific Mills
$1.25
—:
common
Chesapeake & Ohio Ry.
Hill
8-25
Kid Co.
Class A
8-15
1
t50c
t$1.75
common..
(quar.)
Allied
9- 1
10- 2
9- 1
9-10
...
(final)
pfd.
(quar.j—._7._
77c
of Reo.
8-15
preferred
conv.
conv.
Ludlum
Laboratories,
Co.—
Manufacturing
50c
Light 4V27c
Chestnut
1
25c
common—
(quar.)
Illinois
Corporation
9-
$1
(quar.)
preferred
Central
Charis
Pacelot
$1
(quar.)__
common
S-12
*75c
.
(quar.).—-.
Oil,
2
(irregular)
7-27
9-
$2
Allied
t$1.75
...
$7
Equipment.
:
Products, common
Steel
10-
(interim)-—
Ltd.
pfd. A
8- 7
9--1
10-2
10- 2
10- 2
10- 2
9-15
•
Inc.,
preferred
Allied
7-27
$1.50
60c
preferred, (quar.)...:
77c
50c
___
Motor,
Farm
Ontario
8
7-22
1
(quar.)
Elec.
Holders
Payable
50c
Allegheny & Western Ry., Co., gtd.
" 50c
...
Service,
Water
Gas &
40c
(quar.).____
preferred
8-
$1
8-16
8- 7
$1.75
(quar.)
preferred (quar.)
preferred (s-a)__-^_i..
IOC
Industries, class A (quar.)
Canfield
Northeastern
1
9-30
Co.
Public
When
share
Quarterly
(quar.)
preferred
Pennsylvania R&.
North
$1.50
.
9-20
8-26
25c
(quar.)
(J. J.)
Orleans
8-31
.
Fairbanks-Morse
B
New
>
1
9-
9-30
13%c
Co.
77c
preferred
30c
'
Foundries & Forging,
Canadian
Newberry
8-17
30c
(Irregular)
first preference
Canadian
8-17
1
'-75C
—___—
(irregular)
Cycle &
1
9-
37'/2C
__
common
(quar.)
9-
8-15
.
;
Packers,
67c
5
9-
1
77c
75c
$4.50
(accum.).
Tenn.)
Power,
the
Companies
(irreg.)
non-cum.
Allegheny
$1
.(quar.)
Standard
9-30
9-
8-19
8
Co.
Investors
4%
8-25
1
Life & Accident Insurance
Nebraska
being given in
All-American Aviation—
9-11
*
34%c
.
Co.- (quar.)
$4.50 preferred
(Nashville,
37'/2C
9-15
9-14
Air
$1.50
(quar.)...
pfd.
Container
National
-
9-30
9-
'
C.)
Miscellaneous
Agnew Surpass Shoe Stores, Ltd.,
7%
preferred (quar.)
8-15
10-30
75c
National
8-21
10-
C.alifornia. Cotton Mills
Canada
f;
30c
_
(quar.)
Erunswick-Balke-Collender Co.,
Canada
8-21
1
$1.50
_______
(quar.)
Co.
Wire, $2
Bullock's,. Inc.
9-
6y4c
_
preferred
A
preferred
Co.,
Acme Wire
9-15
25c
Tool
Society, 5Vs7o
(G.
Murray
10c
•___
< quar.)
&
Murphy
9-15
$1.75
—
Fence
9-11
4iy4c
(quar.)__
Mills
preferred
$5
1
75c
___
Borg-Warner Corp. (quar.)
Brager-Eisenberg (quar.)__
'$2
9-
2
and
these
Name of Company
10-14
$1.75
(accum.)
Corp., $2 conv. pfd.
9-25
9
9-30
,50c
25c
$1.50
$1.50
$1.50
...
Midland Oil
Machine
The list does not include divi¬
week,
Industrial
$1
(quar.)
preferred series 1940 (quar.)—
$6 Junior preferred (quar.).;.
77c
preferred (quar.
v
paid.
this
preceding table.
25c
(quar.)
common
8-21
common
Tobacco,
preferred
Brown
1
8-21
1
8-15
.
8-30
$1.75
«
8-21
$4.50
8-23
35c
common..
Service,
8-31
9-
the dividends announced in previoui
give
announced
2
;
(quar.)
25c
(s-a)
8-16
9-
50c
1
10-
9-15
$1.50
Public
8-10
9-11
(quar.35c
7-25
8IV4C
1
15c
4
(quar.)
9-
$1.50
common
Blue Diamond Corp.
British
Transportation
9-
-
(quar.)__
pfd. (quar.)—
Corp
Brothers
Booth
9-
8-12
8-
$7
National
(quar.)
convertible
Bloch
9-11
8-31
we
weeks and not yet
dends
$7
50c
(accum.)
Line
(ac-
67c
'
9-15
$3.25 partic. pfd. (quar.)
preferred
67c
8-17
preferred
Manufacturing
Bendix
Michigan
9-
L_.
Air
Mills,. Inc.,
Belden
pfd.
Metropolitan Industries, 67c pfd. (accum.).
67c
preierred Allotment ctfs. (accum.)
1
_______
Investing
Seelig
$1.20 Class A
Beaunit
1
Works—
Gear
convertible
Barlow
7%
Zinc,
Corp.,
pfd.
Per
50c
(quar.
Bangor Hydro Electric; 77c
67c
preferred (quar.)
Bankers
8-17
50c
f4c
$62V2C
(s-a)
preference
Munson
preferred
Charlotte
Automotive
9-15
-
2
—
common.....
Works
&
9-
preferred
7%
of Zee.
8-15
20c
(quar.
Hirsch,
Holders
Pavaoie
iOc
•
*
Meteor Motor Car
(111.)—
prior
conv.
Metal
8-22
9-15
9-15
8-31
10c
Linotype
Thermit
&
■77c
9-11
9-
—
(quar.)____^
Co.
Metal
8-19
10-
Participating
&
8-10
9-11
15c
——
preferred
S3
Armour
8-15
& Miners
Mergenthaler
$1.18%
—w
(quar.)
Extra.!
Farms
Metal Textile Corp..
Merchants
A
9-15
9-
t25c
6V4C
Archer-Daniels-Midland
Arden
8-31
$1
v.;
,■#.
Machinery
Laundry
8-31
8
40c
—
4%%
preferred (quar.K___——:
Ainerican Investment Co. of 111—
American
8-16
8
2
9-15
50c
(accum.)
9-
10-
8-19
-
(accum.)
preferred
&
share
Candle...
Products
Below
$7
9-
50c
9-15
$1.50
Hegeler
8-31
$1.50
(quar.)__
Co.
&
&
preierred
77c
15c
;
American Chicle
Gas
'77c
8-21
50c
__
common.......;
America,
50c
35c
15c
Co.
of
8-20
Co
20c
:
V 8-21
9- 5
•:
redeemable
Electric
20c
;
.
Extra
Alloy
9-12.
8-31
25c
cumulated)
\ of Reo
75c-
Aeronautical Products
Air
Holder
Payable
50c
Paper
Baumer
8-25
Machine
&
&
8-14
..
9-14
Products.
conv.
Master
1
9-
$1
(irreg.)
(reduced)..
Power
Matthiessen
..
Winters
Sales
&
Wall
$1.25
,
Willson
8-15
Massey-Harris Co.,- Ltd.—
Industrial and Miscellaneous Companies
Acme
8-24
9-15
(quar.)
Mines
Marsh
The dividends announced this week are:
i
9-14
120c
Lyons-Magnus, Inc., Class A (accum.)
;/
\
-
.
Co.
Mfg.
Maclaren
declared.
15c
(quar.)
Co., Inc.
Salt
Name of Comvanw
*
Will
25c
Wh,en
fer
of Reo.
8-24
Inc.. (quar.)
Monotype
(H. D.)
Leslie
Holders
9-14
(quar.)
Ltd.
Mines,
Payable
40c
(quar.)
common
Bleachery & Dye Works
Lanston
which have not yet been
.
Shore
Lane. Bryant,
second table in
show the dividends
we
& Co..
special preferred
Lake
previously announced, but
paid. Further details and rec¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
which
(S. II.)
When
share
Name of Company
Kress
663
5%
preferred (s-a)
(s-a)
(quar.)—
75c
62y2c
9- 1
8- 1
THE COMMERCIAL & FINANCIAL
€64
1
Per
When
thare
of Company
Name
Payable
Blue
(H.
Bohacit
Borden Co.
Fund,
Inc.
8-15
Consumers
7-31
Container
—
40c
9-
(interim!
:
*
7-31
7r/o
8-15
IVo
8-15
8-
1
9-
8
9-20
9-
1
8-22
Glass,
(Reading,
Ltd.
8-31
General
8-25
9-11
8-25
—
Brooklyn
Co.
Shoe
Erown
Silk
Bruck
Buck
(E.
Eueli
Die
Buffalo
Co.
Mfg.. $5 prior pfd.
Machine (quar.)
G.)
&
Co
5%
Corp.,
preferred
common—„•.
(quar.)—
Brothers,
5%
California
Co.
Packing
•
—
1—
1-
Corp.,
8-22
8-25
8-15
8-25
8-15
9-
6V2 %
preferred
6V2 cfc
preferred
Varnish Co.,
pfd. A (quar.)
California Water Service. 6%
9-
8-
9-
8-15
3
9-
8-15
9-
7-31
9-
8-
3
t
8-
3
9-15
9-
1
8-15
7-31
9-
1
8-15
9-
1
7-20
8-15
7-31
8-15
V
37V2c
62Vic
'!
7
8-15
37j/2c
-!
7-31
$2.25
preferred
Drug Co., 7%
7%
preferred
Extra
Ctin'eo
8-15
Common
8-23
llo
8-15
Denver
Vinegars, Ltd.
Class
6Vi'/c
(quar.)
(interim).
B
———
(quar.)
preferred
Canadian
Bakeries,
l$1.62'/2
——7.——
Canadian Foreign
8-15
10-25
9-20
10-16
9-20
5%
preferred
Canadian
8-15
8-
8
class A
8-31
Central Coal & Coke
4%
9-15
8-31
Diamond
9-15
8-31
Cold
Dodge
10-
2
8-21
Co.
10-
1
9-
1
preferred (quar.)
Dominion Bridge Co., Ltd.
9-
1
8-
1
Dominion-Scottish
8-15
Central
Steel
Wire
&
8-
1
City,
$6
1
8-15
Donnacona
9-
1
8-15
8-31
8-15
$1.50
preferred
Common
Chain
Dravo
9-1
8-17
Corp.
pfd.
(quar.)
Western
9-15
8-19
9-15
8-19
6%
1
8-15
9-
1
8-
8-15
7-31
Oil
25c
50c
Ry.—
stock
SI1/*
SI1/*.
$1.621/a
8-15
Molybdenum
Eversharp,
1
8-18
10-14
9-14
8-29
8-11
9-
1
8-15
12- 1
11-15
9-
9-
1
1
10-20
8-11
9-
1
8-11
25c
9-
1
8-15
Gas
preferred
Co.
Federal Insurance Co,
Federal
F^dftral-Mreul
9-30
9-15
Fenton
United
1%
preferred
9-30
12-
1
9-15
11-
2
7-25
Field
9-30
9-
Firestone Tire
8-28
8-1R
Fishman
9-
1
8-18
Fitz
40c
9-
1
8-18
9-
1
8-15
Flintkote
8-15
7-20
Florida Power,
8-15
7-20
8-15
7-20
8-15
8-
9-
8-11.
5
5c
4c
Telephone,
7#
$5
pfd.
pfd.
$1.25
(quar.)-
(accum.)
8-15
9-1
9-
8-15
1
9
8-25
10-
2
8-
1
4
9-14
8-15
7-15
9-
1
8-31
H.)
Simons &
Co.
(quar.)—
10-
8-25
9-15
2
9- 1
8-11
9-
7%
6%
non-cum.
8-10
7%
non-cum.
9-11
9-
9-15
Houston
8-25
8-15
Howard
0-18
9-
10-
1
;
Fort
Hudson
Bay Co.
Hudson
Motor
Foster
6#>
10- 2
9-14
Humble
Oil
2
9-14
8-
8-15
5
9-
8-15
1
9-
1
8-17
12-
Trailer,
Assurance
1
11-16
Huston
(Tom)
4
Hussman-Ligonier,
.10-15
10-
4
Huttig
Connecticut Light
$2.40
preferred
7%
7%
preferred
1
8-11
Idaho
9-
9-30
9-15
12-30
12-15
Connecticut
Powrer
Connecticut
(quar.)—
6%
6% preferred (quar.)__
Consolidated
Biscuit
Consolidated Edison Co.
Conso'idated
Gas
$1.50
Light
Consolidated
convertible
Consolidation
;
40c
9-15
8-11
10-<2
9-15
$1.12V2
10-
2
9-15
1
10-10
Indianapolis Water,
1
5%
Power
1
General
Metals
1
8-11
9-
1
8-11
8-21
8-10
8-15
8-
9-30
9-21
9-14
9-
1
8-21
Institutional
9-20
12-20
8-21
7-25
9-
1
8-
2
8-21
8-
4*
9-30
8-15
8-25
1
8-15
class A
■
■
3%
8-15
Intertype
25c
9-
1
8-18
8-26
Stock & Bond
24V2c
9-
7-31
1
8-15
*
8-
7
8%
Iron
Grouo
1
8-21
8-21*
9-
1
8-21
Jacksonville
Gas
1
9-15
Jantzen
9-15
8-15
Jersey
9-
1
8-19
Jones
$1.12V2
9-
1
8-19
5%
2
9-16
P-14
8-14
1
(Great Britain)—
7 V2%
-
7-25
1
8-
9-
1
8-15
Laughlin
preferred
W.
Battery
$1.50
(quar.)—
9-
9-
9
8-22
9-
1
Br
$50c
37VaC
8-31
7-31
9-
1
8-17
9-
1
8-15
$75c
pfd.
pfd.
Steel,
Y.)
0-15
1
8-10
1
11-10
8-15
7-25
8-31
8-15
8-
7
9-
00c
(-quar.)
10-
6
9-
5
10-
1
9-
5
$1.25
(quar.)
B
8-25
9-10
$1.25
common
A
1
35c
90c
—
10-
1
9-
5
5c
8-15
8-
5
$1.50
6%
8-15
8-15
$2.95
10-
1
9-15
15c
Trecker
Com.
(irregular)
$6 preferred A
rtiuar.)
Kentucky Utilities. 7% junior pfd.
9-1
7-25
9
8-26
7-28
Keystone Custodian
8-15
7-31
(quar.)
Keystone Steel & Wire
8-15
9-
5
12-15
12-
5
8-15
8-
1
$1.50
—
87V2c
Kerr-Aridicun Gold Mines
9-
9-15
15c
25c
Vegetable Parchment Co. (quar.)
Quarterly
&
9-
12-
$1.25
(quar.)
(s-a)___
(s-a)
preferred (ouar.)
Allegan & Grand Rapids RR. (s-a)
Kalamazoo
10-16
30c
7%>
40c
9-
1
,
8-10
-
8-19
8-
1
1
*5 c
8-29
R-
30c
—
9-15
8-31
(s-a)
65c
55c
8-15
7-31
(accum.)
(irregular)
8-25
8-10
9-15
9-
1
Funds, series K-l
Special
25c
10-16
10-
2
Kinney (G. R.), $5 prior preferred
$1.50
$1
8-15
8-
1
Kinney Manufacturing Co., com.
$2.50
A
5
7-14
75c
.
—
(quar.)
5%
40c
Advertising, common
A
8-16
8
25c
(s-a)
(quar.)
Brothers,
Kearney
7
9-25
25c
25c
(quar.)
9-12
9-
$1.75
(quar.)
(quar.)
Knitting Mills.
preferred
K.
8-19
2
25c
Copper
Insurance Co/ (N.
Kendall Co.,
9-1
—,
(quar.)
Jefferson Lake Sulphur,
50c
1
&
9-11
10-
$1.50
Corp
2
9-15
20c
$1.25
—
30c
9-
9-
1
1
(quar.)„
preferred
(quar.)
10-
25c
8-21
9-
Mfg.
10-
$1.75
8-21
1
9-
Quarterly
37y2c
(quar.)—
1
9-
Foundation, Ltd.—
rnnvertiblp
Fireman
37y2c
5
V
8-
9-
$12V2C
$37V2C
8-15
8
30c
shares
Co.
Corporation
Investment
8-26
9-16
9-30
9-
I2V2C
common
International Silver
1
9-16
.
Securities,
9-15
(s-a)
5
9-30
$1
common
Harvester,Tyo pfd.
Holdings, Ltd
Ltd.—
International
8-10
$25c
^
5
12-30
25c
(quar.)
Consolidated
9-
Co
7
25c
:
Outdoor
Class
9-
Steel
9-
(quar.)
common
8-
nvi%
(quar.)
Ingersoll-Rand Co.,
9
10
Corp.
A
$1.75
87V2c
common
:
General Foods Corp.,
General
1
$1
preferred
9-
$1.12y2
registered
Fireproofine
8-17
9-
Indianapolis Public Welfare Loan Assn.—
9-
25c
Extra
General
1
8-15
7-31
$1
10-
2
9-15
Class
$1
11-15
11-
1
$6
non-cum.
preferred
(quar.)
$1.50
9-15
9-
1
25c
9-
1
8-16
6°!e>
preferred
(quar.)
$1.50
8-15
8-
1
$6
non-cum.
preferred
(quar.)
$1.50
12-15
12-
1
class A common
$i5c
10-
2
9-15
6%
preferred
(quar.)
$1.50
11-15
11-
1
Klein
$1
8-31
8-17
General
7
Knickerbocker
50c
8-15
8-
Consolidated Steel Corp.
Consolidated Vultee
Inc
9-
8-15
—
(special)—
Aircraft Corp.,
common
preferred
Coal $2.50
conv.
3iy<c
pfd,
(quar.)
62y2c
9-
10-
1
1
4
8-18
9-16
$1.50
Phoenix
preferred
$1 pfd.
(quar.)
Corp.,
7%' convertible preferred
(quar.)
8-
25c
8-15
37y2c
8-15
8-
8-15
8-
7
(D. Emil)
25c
(quar.)
Fund
8c
(quar.)
7
35c
(quar.)
General Printing Ink, $6 preferred
'
8-12
9-
(increased)
Laundries
Consolidated Press,
&
9-23
90c
of New York
Electric
(Bait.), common (quar.)
4*/2% preferred B (quar.)
4% preferred C (quar.)__
T 9" 1
10c
(quar.)
Products,
preferred
International
(quar.)
Ltd.
9-11
$1
Steel
conv.
10-
Co.,
—
683/4C
;
Indiana
8-31
$2
Ordinary
(interim)
9-21
Kalamazoo
Electric
—
8-17
$1.50
(interim)—.
8-15*
8-15
General
—
7-20
1
$10c
1
1
8-15
—
8-16
9-
$1.50
(quar.)_
2
9- 9
9-
1
10-16
8-12
6c
Imperial Varnish & Colour, common (quar.)
$1.50 conv. partic. preferred (quar.)
75c
9-
8-10;
15c
9-16
General
56V4C
__
1
—
8-11
12-25
River Power Co.—
8-20
9-
8-15
;
40c
Inspiration
preferred
9;
;
International Business Machines
preferred (quar.)
Baking Co., 8%
9-
(quar.)—
40c
Cifhr Co., common
preferred (quar.)
1
$2.50
1
12-31
1%
1
9-r
2iy4c
—
8-15
10-
Inland
Class A
General
1
9-
5% preferred (accum.)—
shares
Ordinary
Kable
5
8-15
9-
$1.25
6%
preference (s-a)—
Imperial Tobacco of Great Britain & Ireland—
7-31
5
7-29
$1.75
8-15
9-14*
8-
8-15
•
1
8-
8-
1
7-29
(quar.)„_
9-
8-15
1
4
9-
8-15
45c
Co
Zinc
8-15
1
Co.
Power
9-30
9-
8-
50c
$1.75
8-15
(quar.)
9-15
9-30
(quar.)
1
(quar.).
2
8-31
25c
9-
(quar.)
10-
40c
Imperial Tobacco Co. of Canada—
9-1
10-
10c
9-
$1.05
—
8-16
.
75c
60c
—
8-10
90c
preferred
9-11
30c
55c
_
5V2%
9-19
Gamewell Company (irregular)
Gar Wood Industr'es
General
(quar.)_
(quar.)
8-16
—
2
Gair
& Power—
preferred
$2.20
1
8-21
ii.ofiy*
(quar.)
9-30
10-
9-25
Corp.
8-15
9-
& Door, common
preferred (quar.)
7-31
Co., 6 %
9-19
30c
Sash
9-30
America
Peanut Co.
10-
15c
(resumed)
r
10-17
1
$1.75
(quar.)
Hurd Lock & Mfg. (initial)
8-15
(Robert)
9-29
10-27
9-
preferred
(quar.)™—:
Huntington Water, 6% preferred
75c
(Toronto)—
8-15
8%C
preferred
8-15
-.
preferred
8-18
8-25
37y2c
1
common
convertible
1
37V2C
Refining
6%
$$1.50
Life
Quarterly
Quarterly
&
9-
Corp., 6% prior pfd.
Freeport Sulphur (quar.)_
4V2%
8-28
9-
10c
$1.12V2
Foster-Wheeler
Fruehaul
8-18
9
15c
Hummel-Ross Fibre Corp., 6% pfd. (quar.)
Brothers Packing Co. of Del.—
15c
preferred
8-13
1
9-
5%
(quar.)
Bridge
A
1
9-
15c
—
10-15
$25c
c'ass
9-
4
31c
Car™
7-31
(quar.)
Works
& Kleiser Co., common
7-25
50c
Corp. (initial)
Howe Scale Co., 5% preferred (s-a)
8-15
B
Pitt
8-
8-15
20c
(quar.).
$2
Gear & Machine Corp.,
9-15*
7-25
$1
(quar.)
(quar.)
Field.
preferred A (quar.)
2
8-15
8-15
;■
tifd. (quar.)_
9-
(quar.)_.
10-
75c
(N. Y.), 8% pfd. (quar.)
9-20
(Phila.)
of Canada,
8-15
$1.50
(monthly)-
'
7-21
8-25
$1.25
■
Stores
25c
Motor Co.
8-15
30c
10-15
pfd.
»
50c
■.
Lighting & Power
7-31
9-
common
1%
1
$1.50
partic.
9-14
10-
8-16
10-
(auar.)
preferred
2
8-15
10.
2
Co.
& Hardart Co.
Horn
9-29
1
Co.—.
8-11
Connell Dredge & Dock Co.—
preferred
Class
C.)
1
1 '/
9-15
10-16
9-
(quar.)
8-25
:
9-25
$1.75
$1.12'/z
Quarterly
preferred (quar.)_.
Foote Bros.
(A.
9-15
9-15
15c
E.)
preferred
Horn
6
9-25
9-25
$1.25
Manufacturing, class A (quar.)
Holophane Company, common (irregular)™
$2.10 preferred (s-a)—
Hooker Electrochemical,
common
(quar.)__
$4.25 preferred (quar.)—
Hormel (George A.) Co., common (quar.)__
'
10-
10-20
15c
Hobart
8-15
10-
Quarterly
Co.,
8-11
(quar.)_
!
(Charles
25c
Rubber, 4V2%
8-15
Monthly
Hires
$1.75
See Marshall
&
1
1
common
Monthly
4
1
8-
$1
Co.,
preferred (quar.)
Hibbard, Spencer Bartlett & Co.
8-
8-15
5
9-,i5
2
8-15
9-
5%
$$1.50
Confederation
$1.25
(Marshall).
(M.
pfd.
(quar.)_
Fidelity-Philadelphia Trust
$1.50
Quarterly
8-24
.9-20
10-
9-
9-
(quar.)
8-30
30c
7-25
Ltd.—
Corp.,
Heywood-Wakefield
$1.50
(quar.)
Corp.
8-15
$y2c
H.)
Enamel
683/4C
-
(N.
Ferro
8-15
$1
International
7-31
preferred
8-11
25c
:—™
Hercules Powder
8-
1
8-25
1
9-
9-20
$1.06 V*
(accum.)
9-
1
4
9-15
3c
pfd.
8-25
8-15
9-1
8-10
25c
&
"■
8-15
8-
1
$1.25
(quar.)_
Co., 6% preferred
Chocolate Corp. (quar.)
$4 conv. preferred (quar.)
Heyden Chemical Corp., common
Cleaning & Dying—
$1.25
Investment
7
$$1.50
35c
Corn.
Light & Traction, $6
$4.50
(quar.)
9
1
1
9-
$1.50
preferred
preferred
Utilities, 6%
Hawaiian Pineapple
Hazel-Atlas Glass Co. (quar.)
Ordinary
(s-a)
8-10
Ford
Commonwealth
Gas
(Canada)
8-10
50c
(quar.)
98-
(Syracuse)
8-10
$1.25
(quar.)
2
8-15
10-
9-
9-
:
75c
;—
Illinois
$2.50
Insurance
8-11
(quar.)-
com.
Illinois Power,
$1.25
$1.25
(quar.)
Quarterly
Fire
1
$1.12 J/2
preferred (quar.)
(initial quar.)™
15c
(quar.)
1
Corp.—
preferred series A
10-10
Elec.
8:
9-
10c
8-11
3c
(quar.)
Farmers & Traders Life Insurance
40c
_
Electric
Commonwealth
Concord
Metallurgical Corp., $5 pfd.
preferred
1
Columbia Pictures Corp.—
Commonwealth
Fansteel
Co.
8-25
A
preference (quar.)
Cum. preferred 5% series (quar.)
Commoil, Ltd.
Sugar
25c
cum.
Carbon
Fajardo
$1.06'A
Brewing Co.-
Columbia
10-31
Havana
8
9-
$1.50
25c
9-16
(s-a)
//••
9-
(quar.)
class
2-9-45
9-
8-11
$1.50
Chemical, 4 Vz%
8%
2
10- 2
1
common
A.), $4.25 pfd.
Corp.,
8-21
9-
(quar.)
50c
preferred
(quar.)
25c
(quar.)
Harvill
9-25
12-23
10-
$5c
1
25c
Brewing Corp.,
12V2c
(quar.)
8-11
5
3-1-45
25c
i
30c
com.
Harshaw
9-1
65c
—
9-
t25c
Co.,
8-11
1
2
95c
Harnischfeger Corp., common (quar.)
5%
preferred (quar.)_
5% preferred 2nd issue (quar.)
Harrisburg Gas, 7% preferred (quar.)
8-
9-
25c
8-19
8-12
8-15
10-
25c
—
1
1-2-45
$22'/2c
1
9-1
25c
—
(quar.)_
50c
Ltd
Instrument, 6%
(M.
9-
$1.75
(quar.)_
Hanna
8-15
5c'o
50c
*
Columbian
(quar.)
(ouar.)
Extra
1
—
Harbison-Walker Refractories,
6%
preferred (quar.)
4VaVc
Hammond
1%
—
37V2c
Broadcasting
conv,
preferred
9-
Paper, common
preferred (quar.)_:
9-1
$1.25
$1.25
30c
87V2c
B
cum.
5%
8
9-11
,
12-15
9-
50c
75c
.'
Ex-Cell-0 Corporation
Fairbanks Morse & Co.
9-
50c
50c
12-23
(Charleston, S. C.)
common
7-28
9-15
V
9-30
;/v"
dividend
8-15
25c
5
Hunts
(quar.)
Inc.,
Stock
25c
•:
—
11-15
11-15
25c
(quar.)
A
8-20
$1.75
12-15
40c
$1.25
$1.373/a
$1.50
preferred (accum.)—
conv.
1
34%C
12-23
$1.50
$1.75
75c
25c
75c
■
(quar.)
pfd. (quar.)™
Co.—
preferred
FPderal
Co.—
(quar.)
Columbia
$2.75
Railroad
Falstaff
1
1
&
—.,
,
Erie
Ltd.
preferred
6%
(quar.)
Equity Corp., $3
9-
;
1
9-11
(quar.)
8-11
30c
*
9-30
$3
Equitable Fire Insurance
$5
(s-a)
preferred
preferred
9-14
9-
20c
Plow Co.
Columbia
$5.50
$6 preferred
1
9-
11-
(quar.)
RR.
12-
15c
$1.50
>-
$5
8-18
Hammermill
8-18
Rubber
&
8-21
8-
(quar.)
Co.,
Hamilton
8-15
9-11
(quar.)
9-29
$1.50
tquar.)
Colorado Fuel & Iron
6%
1
5
Common
Co
Extra
5%
9-
8-
*
(quar.)
Tractor
Colgate-Palmolive-Peet
Class
8-15
$1.25
Pittsburgh
Watch
9-11
1
1
common
12-20
Extra
$4.25
Hose
Stores
Mines,
9-30
5
(quar.)
12-30
25c
(quar.)
guaranteed
Cockshutt
preferred
$5 preferred A
...
Clearing Machine Corp.
Regular
Gcio
Nut Corp,
Brothers
Co.
Water—
Engineers Public Service,
1
$1
preferred
Special
preferred (quar.)
preferred (quar.)
Manufacturing Co.
Electric
1
Interurban
Hale
Cotton
37y2c
(increased)$3
Elgin National Watch
Employers Reinsurance Corp.
Quarterly
Climax
9-
7-31
&
9-20
$15
City of New Castle Water, 6% pfd. (quar.)—
City Water Co. of Chattanooga—
Cleveland
6%
Eaton
Louis
9-
62V2c
City Ice & Fuel, 6V2% preferred
City National Bank & Trust Co, (Chicago)—
&
St.
9-11
9-15
(s-a>_
(N. Y.)
(quar.)
Hamilton
8-
(quar.)
8-10
(quar.)
preferred (quar.)
preferred (quar.)
Cleveland
East
preferred
Hallnor
9-
:
9-30
(quar.)
Cab Co.
Cotton
2
6%
8-15
8-15
common
9-15
Copper
5%
preferred
$5
Cincinnati New Orleans & Texas Pacific
5%
8-15
1943.
■Chicago Yellow
5%
Lead,
8-25
8-15
—
9-
(quar.)
pfd.
8-10
1'
10c
common
Special
8-15
9-25
Semi-annually
(accumulated)—
(special).
Representing dividends due for 1941, 1942
Chile
Picher
Eagle
Ry.—
preferred
Chickasha
Inc.
8-25
Chicago <te Northwestern Ry., pfd,
and
Bradstreet,
10c
(s-a)
$3
Chicago Great
5%
&
25c
preferred
Chicago
Dun
1
9-
$1.75
Hajoca Corp., common--
1
5c
—
37'/2c
37V2c
20c
75c
!
Co
Chesapeake Corp, of Virginia
10-
Co.,
1
15c
Corporation
1
9V*
$3
(quar.)
(quar.)
&
9-
$25c
12V2c
-
Drewry's, Ltd.. U. S. A., Inc
1
25c
Brewery—
9-
$25c
(initial)
9-
8-15
$1.50
$1.75
—
(resumed 1
8-15
-
8-15
:
10-10
$50c
$10c
(resumed)
Company
Elastic Stop
(s-a)
1
/
4%
iquar.)
9-16
50c
$1.50 pfd.
8
8-15
9-
$$1.25
$30c
(quar.)
9-15
Service—
(quar.).
Chain Store Products,
$1.50
B
9-
50c
%
4
preferred
(N, Y.)
(quar.
1% preferred (quar.)
Gulf Oil Corp. (quar.)._
1
9-
1
Paper Co., Ltd.—
A
Class
7%
(resumed)
Belt
Class
Drackett
15c
Century Ribbon Mills, 7% preferred
9-
1
9-
Investments—
Ltd.
8-15
9-15
-
8-15
9-15
Hershey
(accum.)
9-
—
(quar,)
Mo.)
preferred
Dominion Stores
$6 pfd. (quar.).
Co
Central Vermont Public
5%
9-20
$3
$3
(quar.)
Co,
5'fc
2
Central Surety & Insurance Corp.
(Kansas
Manufacturing
Duplan Corporation, 8%
(accum.)—.
•Central Ohio Light & Power,
9-15
10-
75c
25c
62V2c
25c
.
10-
$1.30
40c
$1.25
(quar.).
11-15
75c
Cup Co,, common
Class A (quar.) ———————
50c
y
(quar.)
11-25
Dominion & Anglo Investment Corp.—
(accum.)
$6 preferred
—
8-15
9-
25c
(quar.)
Central Foundry Co.. 5% preferred
Central Illinois Public Service—
preferred
common
9-12
9-15
■r-
preferred
75c
75c
$1.75
$1.75
$1.25
partic. preferred (s-a)———
participating preferred (s-a)_;
6%
Corp.—
Storage
6%
50c
pfd. ctfs. of benef. interest (irregular)
Central
6%
.
Cooper
7lic
$19.50
30c
50c
37V2c
Detroit Gasket & Mfg. 6% pfd. (quar.)
Detroit-Michigan Stove 5r!o preferred (quar.)
Co.,
preferred
Griggs
$1.37V2
8-15
8-10
50c
1
Copper
Western
8-15
>
preferred
(quar.)
& Refining. $4 preferred—
Match
Cananea
Griesedieck
8-14
$1
Oil
10- 2
—
Tractor Co.
Co.—
1
$1.25
Dredge & Dock (quar.)
Engineering Works—
(quar.)
Lakes
Increased
8-25
$1.75
$2
25c
$1
1st preferred
Yard
Stock
9-12
9
25c
Knight Co., 7%
8-31
$1.12'/a
75c
(quar.)
(quar.)
Dixie
(quar.)
Class B
Caterpillar
5V2%
1
9-
i
(s-a)
Eastern Fire Insurance
5
1010-
Union Co.
&
1
1
8-
5c
Co
American Indemnity
6%
125c
1$2
Ltd
(quar.)
Ltd., common
preferred (quar.)
8%
Union
Denver
Derbv
Bank
10c
10c
(quar.)—
1
Trust—
Investment
(accum.).
Oil.
Carman & Co.,
pfd.
9-15
9-
Grand
8-15
,
(quar.)
Great
8-14
>
Tramway Corp.,
/_■
-
Manufacturing
9- 1
9-15
35c
Light 4%
&
7-31
185c
$62V2c
$50c
(quar.)
Investment Corp.,
International
Canadian
Power
175c
Products. Ltd.
Food
Canadian
1
9-22
2
8-15
56'/4c
(quar.)
(quar.).:
(H. W.) Co.
National
Grace
8-
1
30c
preferred
$1.75
1
$$1.25
(quar.)
(quar.)—,
preferred
conv.
9-
9-15
10-
Supply Co. 01 New York-
preferred
preferred
7%
9-15
Canadian
$3.40
1
.
Ltd.—
participating preferred
Breweries, Ltd.—
5%
1$3.50
U0c
t$l
425c
(quar.)
class A
Gossard
9-
Great Lakes
(quar.)
8
Wire & Cable
Gorham
7-20
6-20
Great
(quar.)
1
Canada
7-31
8-31
8-15
1
9-
25c
Goodyear Tire & Rubber, common
$5 preferred (quar.)
1
7-17
Deere & Co., common
9-
Canada
8-
9-
50c
;
common
conv,
8-
—
4V2fh preferred (quar.)
Publishing Co. prior pfd. (quar.)
Sons, 71o preferred (quar.)
$8 preferred (accum.)
Decker (Alfred) & Cohn (resumed)
(quar.)
preferred
1
$25c
(interim)™
v
Brewing Co.
5Vz f,'o
Press,
9-
t$1.75
;/ 9- 1
Co.,
4y2c/o
Goebel
;
Greene
Curtis
50c
120c
Canada Dry Ginger Ale
25c
Canada Malting Co., Ltd. bearer (quar.)—?50c
Registered (quay.)
+50c
Canada Northern Power Ltd., com. (quar.)—
U5c
(quar.)————
Canada Starch Co., Ltd., 7% preferred (s-a)
8-18
8-31*
Cushman's
7%
8*
8-
Hoiaer$
....
(quar.)
preferred
Glidaen
8-18
1
8-15
—
Common
7%
1
9-
8-15
(semi-annual)—
RR.
9-
8-15
.'
Company
$1,25
(quar.)
—
8-25
(interim)—
Gilchrist
$50c
4334c
(quar,)
pfd.
(quar,)
Clinton
Port
&
9-11
Co.
9-
(quar.,l_
Gibraltar Fire & Marine Insurance
12-15
1-2-45
Y.)
(accum.)_
Steel Wares, common
General
Crum & Forster Insurance Shares—
Culver
Delaware
Sugar
9-15
56y4c
Ltd.
conv,
9- 5
50c
9-15
$1.50
(N.
Great
Crown-Zellerbach Corp.—*
$5 conv. preferred (quar.)——
Dentist's
Dominion
2
10-
Corp.
preferred
Graton
(quar.)
Cork & Seal Co.,
7-31
&
9-15
12-15
10-
$1.50
Crown
8-25
Insurance—
2
1-2-45
Crown Cork & Seal Co., Inc.—
9-11
37J/2c
(quar.)
Special
,
—
----
6% preferred (quar.)
8-15
preferred B
Canada
C%
—
preferred (quar.)
5%
$$1.75
$30c
2l/z%
25c
$1.25
•
9-27
General Steel Castings Corp.—
Crompton & Knowles Loom Works—
50c
6%
California-Western States Life
:
(quar.)
common
8- 5
20c
$1
common (quar.)-
$4 preferred (quar.)
Corrugated Paper Box Co. Ltd.—
7%. preferred (quar.)
Cosmos Imperial Mills (quar.)
Courtaulds Ltd. (ord.) (regis.) (interim)—
Co.,
7-28
8-21
$1.75
$1.75
$1-62 V2
$1.62'A
(quar.)
Crane
8-31
$6
(quar.)
of Rec.
30c
25c
-—
n nen
Payable
Refractories
General Reinsurance
Co.—
Crown
10c
35c
—
(quar.).
common
(quar.)
preferred
.5%
1
Utilities
Pacific
California
1
.9-15
37'/2c
$175
25c
(quar.)
Power
California
8-
2c
■-/' 45c
(quar.)
Electric
8-15
8-15
15d
preferred (quar.)
7%
8-19
8-18
(quar.)_
common
preferred
conv.
Eutler Water.
Byron Jackson
1
9-15
12/2c
—
40c
—
$
—15t
Burroughs Adding Machine
Butler
.^50c
JWc
/
—,
——
Mills
9-
Mining &
Sullivan
&
8-21
12V2c
20c
$1.25
(quar.)__
-«;*
Concentrating
Burlington
.
—'
(quar.)
Line
Forge
Bunker Hill
—-
(interim)
Falls
Pipe
Buckeye
Budd
(quar.!
Mills
Hill
8-11
1
9-
9-
2 ,ac
'
1
8-31
}{!
Co. (quar.)—.
Mfg. (quar.)
Edison
Brown-McLaren
8-14
per
tnare
Name of company
$50c
(quar.)—
Telephone
&
9-15
30c
participating preferred (quar.)
participating preferred (quar.)
Cook Paint
of Rec.
(irreg.».
Pa,)
America
-f
When
Payable
.
8-10
Holder1
per
Co.
Com.
Continental
8-15
8-25
(quar.)
1
8-21
16c
Boston Woven Hose & Rubber (quar.)
50c
Bourjois, Inc., $2.75 preferred (quar.)-™
68Vic
Bower Roller Bearing
—-—
50c
Boyertown Burial Casket (quar.).™.—-—
*5c
Braniff Airways, Inc
—-—
15c
Erewing Corp. of America (quar.)
//v/ 50c
Bristol-Myers Co. (interim)
—
50c
Boston
1
8-15
75c
$1.25
9-
(accum.)..
Co., 71st pfd.
C.)
Gas
Monday, August 14, 1944
thare
Name of Company
of Rec.
Consumers
Ridge Corp., $3 convertible preferred
Cash or l/32nd share of common stock—
•"••.•
Holder*
CHRONICLE
*
79c
8-17
4c
(S. S.)
2
9-20
8-20
7-31
8-20
7-31
50c
Co.
(quar.)
,
8-31
8-15
25c
Koehring Co.
Kresge
10-
9-12
9-
/
'
1
Volume 160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4307
(quar.)
'
•
Common
7*
\
(quar.)
(quar.)
9- 1
25c
25c
8-15
11-15
9-15
$1.75
$1.75
.—
—
$3
10c
preferred (quar.)——
62 ftc '
Leece-Neville (irregular) _!——_•
10c
Lehigh Portland Cement, 4* pfd (quar.j—
$1
i
> -•
50c
-
Leland Electric Co.—*.——.—-—
15c
Tailors-—^———-——L
8-15
25c
$1.12 ft >
Lexington Water, 7% preferred (quar.)_•:__<'
$1.75 V
Libby-Owens-Ford Glass Co.x^—-/'/ -25c
9- 1
9- 1
9- 1
(quar.)
Liberty Aircraft Products Corp.-<increased)--'
Life
8avers
(quar.)__-_—;
Corp.
Class
B
Quarterly'
>
Loblaw
Groceterias
[. Class B
.
Lock
(quar.)_——_.
Joint
Pipe
Corp.—1——
Gas
——_\
Longhorn Portland Cement—"
5*
i
v
-;
Participating
6%
1st preferred
•5*
&
Lead
8-10
6ft(io
RR. (irregular)
Exploration (quar.)
—
______
———!
(quar.)—
preferred
,
preferred (quar.)—
Macmlllan
Madison
,
—
Co.,. common
(quar.)—:—
Square Garden
Magnin
t
1
50c
$1.62Mi
$1.62 ft
50c
25c
.25c,
25c
.•
Lynch Corp.
Mackintosh ■'Hemphill ~~l
.
$2.50
$3
10c
(s-a)_„
Lunkenbeimer Co., common.;
6 ft*
(L)
Co.,
.A'/tf. preferred
*
8-15
8-30
9-15
- 8-15
10- 2
1-2-45
8-15
88-
8-31
Marshall
6fJ>
Field
&
(quar.)—
common
.
"
...
preferred A (accum.)
Edison, $5 preferred (quar.)—
preferred (quar.)__
—
preferred (quar.)
—
$6 prior preferred (quar.)——
$7 prior preferred
(quar.)
i—
Michigan Central RR. (quar.)
:
Midvale
Company 1
—
Metropolitan
$6
$7
Mid-West
Abrasive
$4 pfd. (quar.)
pfd. (accum.)
(irregular)
Regulator, common(quar.)
—
Rubber Reclaiming.
Midwest
Michigan
Sugar Co.,
•Miller & Hart.
6%
prior nfd.
$1
Minneapolis-Honeywell
4'A r/o preferred C B
4'/4%
4%
—
—
preferred C
(quar.)
(quar.)
preferred D
$9.12'/2
$1.25
$1.50
$1.75
.*$1.50
$1.75
$25
50c
.
9-14
(quar.)
Mobile
Gas
Mohawk
Service,
6%
1
—
8-20
<
(quar.)—
preferred
Mills, Inc.—
of Amer._„
Monmouth Consolidated Water Co.—
Carpet
—
Molybdenum Corp.
$7
preferred (quar.)—
Loan Society 5V2 fo
pfd. (quar.)——
Monsanto Chemical, common (quar.)
Monroe
A (s-a)
$4.50 preferred B
(s-a)
$4 preferred C (s-a)—
Montreal Cottons, Ltd., common
$4.50
preferred
(quar.)—
(quar.)
•;
Moody's Investors Service, Inc.—
S3 participating preferred
(quar.)
Morrison Cafeterias, 7% nreferred (quar.)71o
preferred
Morse Twist Drill
& Machine—
Mount Diablo Oil Mining
$1.50
50c
12y2c
$1.75
34%c
50c
$2.25
$2.25
$2
f$l
f$1.75
Mfg.,
$7 preferred
Munme
Water
Works. 3%
(quar.)——:
preferred (quar.)
8-
9
National
8-
9
National
;
•
8-
Co., 6% preferred (quar.)—1
Mutual Chemical Co. of America—
6
8-15
10- 2
8-15
& Coated
National
Acme
National
Automotive
Co
Fibres,
convertible
preferred
convertible
6%
preferred
National
Paper (quar.)—
(quar.)*.
(J. J.) Co., 5'h
8-10
Newport News Shipbuilding & Dry Dock—
Clock, 6'/2%
'.Common
:
9- 1
12- 1
9- 1
Stock
Poor
<6%
8-
3
8-
1
8+
4
9-
1
9-
1
9
'I
1,
11-
50c
9-
10-16
Y®rk & Queens Electric Light & Power
8-25
Co.,
common
8-
1
New York
8-
1
5.10%
on
r\
8*
,
8-
5
8-25
8-
5
.8-25
8-
5
7c
8-25
8-
5
10c
8c
9i 8-25
8-
5
8-25
8-
5
Series
8c
8-25
8-5
7c
8-25
8-
5
4c
8-25
8-
5
8c
8-25
8-
5;
7c
8c
!; 8-25
8-
5
8-25
8-
5
10c
8-25
8-
5
t50c
9-10
8-31
.
Series
Series
_______
Industry Series
Industry Series
Equip.
Stock
1»
Machinery Industry Series
8-
5
Merchandising Series
9-20
12-20
8-
Public
5
Utility
Series
Industry
Equip. Industry Series
8-23
9-18
G%
—__
(quar.)....——
•
(quar.)
Mines. Ltd.
(interim
9-15
Norsnda
8-15
quar.)..—__
Norfolk & Washington
8-15
7-28
North
Steamboat (s-a)
Western Railway Co. (quar.)
Norfolk &
*
1st preferred B (quar.)
North American Co., com.
(stock
$6
8-
y
8-15
River
Insurance
9-
Insurance
Northern
1
1
7-31
Northwest
Airlines,
Northwestern
8-15
preferred
9-
7%
Morwalk
9-
6%
7-21
class
B
common—
8-24
9-15
Steel
Ontario
8-15
8-18
r
7%
Otis
Elevator
6%
1
pfd. (accum.).
common (quar.)
(quar.)
common
Ovptis
11-10
Paahau
8-15
8-15
1
Machinery
7-27
Paramount
(increased
Parkersburg Rig & Reel,
8-15
8-15
5V2%
preferred
pieferred
7Vo
Peabodv
ppnins'iHr
class A
$1.40
class
8-10
8-18
———
A
Ltd,
Gold
Reynolds
8-24
! 8-
30c
6*
(quar.)
Roos
pfd.
Brothers,
Inc.
$1
Shops
8-15
"II.II
pfd.
Public
Class B
preferred
•
Co.
Trust
Secord
9-
1
7-26
Securities
9-
1
8-
3
59%c
$1.50
8-15
8-
2
9-
8-15
t$l
125c
t$1.75
8-15
8-
8-15
7-15
8-15
7-15
6*
(quar.l.
(quar.)—
Pennsylvania Coal & Coke Corp.
:
(resumed).
pfd. B (ouar.)
Pennsylvania State Water, $7 pfd. (quar.)—
8-15
8- 1
8-21
8-18
&
5*
120c
tl5c
+$1.25
8-
4
2
8-
4
40c
8-25
8-
4
Sinclair
:
1
9-10
1
9-15
8-31
9-
5
8-24
25c
9-
1
8-12
75c
4
—
J23C
8-25
$1.25
7-21
9-
1
8-15
*25C
Associated
9-30
8-31
8-10
7-31
Breweries
2
8-31
8-31
20c
8-15
7-15
Oil Corp.
common
(.increased)
25C
8-25
8-14
(s-a)
25c
9-15
8-W*
(irreg.)
15c
9-15
8-31
5c
Co.
9-25
9-
30c
8-25
8-25
$1.50
8-25
8-15
8-31
8-15
Corp.
Pulp
Co.
preferred
South
Fend
South
Carolina
common
(quar.)
Lathe
WoHcs
50c
Power Co, $6 1st pfd.
Common
preferred
Southern
B
participating
5
Southern
11-
4
Southern
Pipe
1
8-15
8-15
7-26
9-15
R-®0
31 »/4C
9-
1
8-15
9-
1
8-15
120c
8-15
7-20
+$1.50
10-16
9-20
1
8-15
$1.25
9-15
8-15
$1
9-15
9- 5
35c
Power,
8-15
9-
37 ftc
Water, 5%
pfd. (quar.)
(quar.)
Canada
9-15
1
37 ftc
(quar.)
California
preferred
2
9-
10-13
10-11
Co, Ltd.—
J
(quar.)
10-
37ftc
Southern California Edison
$1.50
37 '/2C
(quar.)
(quar.)
Extra
Southern
1
12 ftc
Southeastern Greyhound Lines
5*
9-16
10-
2
8-
2-5-45
8-
1
10-
7-31
11-15
1
10-
10-
8-15
2-15-45
8- 1
1
9-
10c
120c
Soundview
12-15
9-
:120c
120c
7-31
8-15
8-16
(s-a)
8-15
1-1-45
9-11
tlOc
•
(quar.)
com.
(quar.)
Ltd,
Sonotone
6*
9-<36
15c
Dairies,
7-31
9-15
1
10-14
8- 5
participating preference (accum.)
8-15
7-26
4
9-
12 ft c
as
Solar Aircraft
1
8-
9-15
Investment
Co.
8-25
8-15
8- 5
8-15
8-15
Co.—
5
10-
8- 5
8-15
37ftc
Corp,
Inc.
Socony-Vacuum Oil
6*
9-1
8-15
75c
—
Sivyer Steel Casting
8*
9-25
25c
„/.-
(quar.)..,
8-_5
•t
9-1
10c
International
7-^0
8-21
9-25
50c
(quar.).
Acceptance
Silverwood
6%
8-11
25c
(quar.)
preference
Candy Shops (quar.)
Formerly known
Silex
1
25c
"AAA" (quar.)
Sicks Breweries, Ltd. (quar.)_
9-15
8-2.5
9-
$1.50
preferred
8-23
8-a-o
8-25
'
participating
Sherwin-Williams
8-15
25c
(quar.)
Co.
Brothers,
"
12ftc
Shawinigan Water & Power Co;
8-23
t75c
2c'
50c
$1.10
$1.75
8-15
10c
Selby Shoe Co
Servel, Inc. (quar.).
9-20
35c
35c
7-31
8-15
1
Co
preferred
9-20
10c
50c
1
1
50c
Del.
(Laura)
10-15
50c
35c
Pennsylvania Elec. Co, 4.40%
4*
8-26
8-31
9-11
9-
(irregular)
Canadian
Second
7-29
2
8-31
8-15
9-20
9-
(quar.)
Dillon
10-
8-21
8- 5
1
9-
:
Surety
1
8-14
9-
$1.05
preferred (quar.)
Service, class A
Seaboard
9-
8-14
15c
.....
12-15
1
1
1
62ftc
25c
12-30
9-
8-19
9-
25c
Oil of
8
9- 2
8- 5
1
f$1.50
...
Seaboard
9-
7-85
7-85
9-
50c
(quar.)
8- 5
9-18
12-21
9-15
1
>8-15
H5c
+$1.50
9-15
9-11
(quar.)—,,
A"
(quar.)
9-30
7-20
8-10
8-15
$1.50
Scotten
8-21
9-12
9-
37ftc
'/$1.25<
8-144
1
9-12
9-12
50c
-
(quar.)..
Schumacher Wall Board Corp, com,
8-15
8-15
10-
$1.75
Savage Arms Corp. (reduced)
9-30
8-15
35c
35c
8-15
9-
9-30
12-30
'
9-15
9-15
common
12ftc
common
Louis
5(»c
*8-15
68 %c
12ftc
preferred
conv.
St.
20c
37V2c
34%c
31'Ac
75c
8-25
30c
•
*.
;
Canada
8-19
$1.50
Co
1
(quar.)
9-
25c
$1.37'/2
1
10-
,
Joseph Water, 6*
9-
8-31
10-
(quar.)..:
St.
*
9-15
50c
8-19
1
8- 1
11-3
U 1.62'/a
(quar.)..-.
pfd. A
preferred
1
8-15
1
1
30c
9-11
9-
9-81
9-
12-
$1.12 ft
9-29
$1,50
.8-24
10-12
40c
(accum.)
Sacc-Lowell
2
7-21
9-14
40c
7
10-
8-31
8-25
50c
(quar.).
7 r[
10-
8- 1
9-15
-
8-18
1
8-31
50c
1st
8-
1
8-25
-8-35
25c
8-
7-29
7-88
1
.....
8-18
v
9-
$1.50
f
(quar.)
Royal Bank of
8-15
9-15
35c
...
preferred
7
8-15
8-15
50c
Tobacco—
interim)
2nd
Co.
7
1
8-30
8-Bl)
/
interim).
Manufacturing
"
preferred (accum.)—
(quar.l
Ltd.
and
8-
y
9-30
9-30
;
preferred E (quar.)
*
preferred D (quar.)
Paper Co, Ltd, common
6*
8-31
(quar.)
(quar.).
Mines
1st
8-
1
8-15
$1.25
(quar.)
J.)
!
9-
8-3.5
9-15
9-15
t25c
non-cum.
(quar.
y
1
9-15
10-14
:
$1.75
(quar.)
9-
f25c
t$1.75
$1.12J/2
744
50c
9-11
I2V2C
8-315
8-15
50c
Rustless Iron & Steel Corp. common (quar.)
$2.50 conv. preferred (quar.)
:
Rutland & Whitehall RR. Co
L
+$1.50
;7'/2C
7'/2c
8+35
9-15
(quar.)..
(quar.
8-18
8-IB
9-15
common
(R.
B
8-18
■
9-15
50c
$1.25
Rolland
9
l$l
t$1.75
Wheel
$2
$1.75
V
Rochester Button, $1.50 conv.
Rochester Gas & Electric—
14
3
(quar.)
(quar.)
$1.40
Penman's
6%
Telephone,
Peninsular
12-21
11-10
(quar.)
Grinding
class A
8
common
(quar.)
Coal Co.,
$1.40
8-10
Quarterly)—
Manufacturing, Ltd., common
Paton
9-21
8-
a—_—
—
Pictures
6-31
10-16
Risdon
9-
50c
(quar.).!
(ouar.)
Pacific Lighting Corp.
(quar.),
preferred
Package
9-30
1
9- w.
5^c
preferred
9-25
1
(accum.)—
(quar.)
Plantation (irreg.)
6% pfd. (quar.).—
Sugar
5V2%
Vr
8-
—.—_—
Gas & Electric,
Pacific
25c
11-
50o
Ltd., common
com. (quar.)—
11-10
Glass
8-15
15c
Richardson
2
$1.50
,
preferred
Illinois
1
preferred B
7*
10-
25c
(irreg.)
(quar.)
11-10
8-10
(quar.)——,—
Ltd., 7%
Car & Aircraft.
9-
10-16
Seeman
Ottawa Light Heat & Power,
5%
a-9-
—
(quar.)
Ou<bnor4 Marine & Mfg
Oxford Paper, $5 preferred
8-28
8-15
$1.25
1
Common
9-
37V2c
preferred
Co..
preferred
1
11-
Class
2
8-15
9-
15c
Sears Roebuck
(ouar.).
Products,
preferred
Ottawa
8-
6%
Ontario Silknit Co.
8-15
10* 2
15c
;•
Natural Gas Co
Co.,
/
9-20
1'
9-1
58VaC
(quar.)
Republic Petroleum, 5ft* pfd. A (quar.).^
Reymer & Brothers, common (irregular)
Common (irregular)
.
9-20
4
(quar.)
1
2
1
(quar.)
A
8-15
10- S
25c
preferred ;(quar.)
,/m 6*
& Co.—
class
9-
50c
•
.
(quar.).
(quar.).
preferred
$4 ft
$2
(ouar.>
nreferred
Okonite
5
9-
2
9-
j'.
Oklahoma
8-
V
10-
$1.75
'r20c
on
8-19
$3
8-15
com.
Republic Investors Fund, 6*
5
10-
,$1.50
—
....
8-19
8-19
9~ 1
Republic Insurance Co. of Texas
7
8-
9-11,
-,V
Co
Ogilvie Flour Mills, common (quar.)
7%
nreferred
(quar.l.
Ohio Power, 4lfc%
preferred (quar.)—
8-25
1
8-22
9-
(quar.
AA
41%c
50c
.r
Class
2
8-
Ltd, 6ft* pfd.
Remington Rand Inc, common
8-15
9
1'
Light & Power—
(quar.)
$1.50
8-11
$1.60
4
8-15
y
(quar.)
Moffatt
8-15
Purity Bakeries Corp
Quaker Oats Co, 6* preferred
Quaker Stale Oil Refining
preferred
8
+20c
(quar.)
Co.
8-
(s-a)_______
(monthly)
preferred
8-25
8
10-15
Safeway Steel Products—
Quarterly
O'Connof,
7 -W
9-
$1.25
50c
■
—
(quar.)
Corp.
8-315
9-15
5c
50c
v
<s-a)
pxeferred
Nu-Enamel
9-15
8-23
8-15
9-
(quar.)_„
Reliance Grain,
10-
$1.50
Inc
Ph'armacal
Scotia
Nova
9-
9-
Tire
Norwich
9-
8- 4
9-15
$1.50
50c
(s-a)
(quar.)
& Rubber,
nreferred
7%
9-
1
9-15
50c
Regent Knitting Mills, $1.60 preferred (quar.)
75c
25c
—
nreferred
9-
9- a
(quar.)__._
Service Electric & Gas, $5 pfd.
2nd
Public Service—
6%
9-a»
9-15
(quar.)
Reading Co, 4*
1
8-
preferred
5*
(s-a)_
1
Liberties Gns
Northern
9-25
10-16
(quar.).
preferred
»Quebec Power
7174c
(quar.)
Co.
Extra
8-31
i
;
•
y-yyy).
F.xtra
9-
8-33
...
Puget Sound Power & Light
Pullman, Inc.
•
■:!
9-
—
>
of New York
Co.
Insurance
Northern
'
9-
2
8-15
Electric
&
Gas
5%% preferred (quar.)
6% preferred
fquar.)...—
North
7-31
8-1
Pacific
of
1
10-16
15c
preferred (quar.)..
preferred (monthly)
7*
stock for each 100 shares held.
common
preferred
Public
dividend)
Subject to the approval of the SEC
8-22
8-15
share
One
1
10-10
A
8-15
30c
$1.50
$1.50
American Car Corp., common.,
1st preferred A (quar.)
$6
10-
12'/2c
50c
t$l
$2
$2.50
class B (quar.)
Corp.,
A
r
9-15
A
Hundred
Class
;
•v
(Md.)—
' , •■..
(quar.)....
$1.50
Wire Weaving, Ltd. (quar.)—t25c
preferred
Nineteen
8-15
8-25
Share Corp.
Niagara
9
9-18
,
.
y Tobacco Industry Series
Niagara Lower Arch Bridge
9-15
;
-
Industry Series.*..
Niagara
8-
:
Series..
8-25
.
Series
9-
Metals
9-
t75c
(quar.).,
$5
5
Insurance
7-27
8-IE5
6% preferred (monthly)
5
j
,
...
Industry Series
Industry
A
6*
8-
Electrical
1
25c
Indiana
5-
8-
Food
:.
of
5
8-25
Chemical
8-17
9-
(monthly)
5
8-25
Equip.
8-SL5
:
(monthly)
Co.
8-
3c
10c
5c
6c
9c
Industry
Supply
Business
1
Colorado—
8-
Oil Industry Series...
V
9-16
,
Industry Series,----.*
Series..!
Stock
Building
11-20
of
8-
8-25
-8-25
Series.---
Industry
8-35
9-
J$1.50
(quar.)
(monthly)...
5
f
8-38'*
60c
*
Ltd.
Co,
5
7%
8-ttV*
$1.25
8-
6*
9-28
$1.37 ft
(quar.).,
:
common
8-
.
8-3,8
8-B5
$1.50
;
8-25
6c
Bank
pfd.
preferred
8-25
8c
12c
Industry
Series_____
Industry Series
;
6c
12c
VAviation
8-21
Co.
preferred
9-15
1
8-25
1
Public Service Corp. of N. J, common (quar.)
Inc.—
9-
1
9-28%
(quar.)
preferred
5*
8- 1
10-
$2
7* preferred
8-4
8-21
8-21
9-
America.
Transport
Service
8-33
1
25c
(quar.)
of
6*
8-11'
4
9-1
$1.27Va
Dist.
Automobile
8-21
11-20
1
1
1
37ftc
Co.
preferred
Public
quarterly paying basis.
a
Alcohol &
8-
9-
$1.25
8-15
99-
^
Alexander.
Service
1
10c
(quar,)__j
preferred
/Public
![ 8-25
$1.75
(quar.)
(quar.)
Stocks,
Agricultural
1
8-15
1
8-4
9-
$1.37 ft
*
Power, 5ft'*
partic.
5*
-
preferred
preferred
Now
9-20
—
State Elec. & Gas—
York
New
8-21
Co
.n—„
non-cum.
11-25
8-
Brake
Air
1
75c
»
Canada—
Metals
Provincial
y
9-99
9-
10c
(accum.)
Proprietary Mines, Ltd. (interim)
Prosperity Co, Inc, 5* preferred
8-15
l.
&
Food
.5%
■
10-21
25c
<
America.:
1st preferred
Pressed
10-21
15c
"
.....
(quar.)..
'Procter &• Gamble Co,
8-!8
9-
of
non-cum.
Pratt
8-16.
■'J 8- 4
8- a
1 ft %
preferred
■:/•-» 6*
: 6*.
9- «
8-15
Ltd.—
7
Electric
Powdrell
8-15
9-
Co.
Power Corp. of
% 8- 7.y
10-
9- 2
1
50C
(s-a>
Co, class A
Potomac
7 ',
8-15
;$2
50c
9- 3
9-30
25c
50c
dividend
&
Potash
8+7
•
$1.25
York
7
8-17
$1.62,/a
50c
(quar.)
New
8-
8-28
50c
New
Common
15c
15c
«v.
:i
8-25
1
9-18
9-18
8-15
$1.25
9-30
30c
:
50C
Pittsburgh Steel. 5ft* prior pfd.
Valley Wine...
/Plymouth Oil <quar.)_*,_^
v; 9-18
9-30
■
8-l»
Pleasant
8-31,
r
$5
9-
25c
,
8-28
.
11-25
•
9r30
9-15
-
prelerred
9-30 y
$1
.
1
50c
Common
25c
t30c
Zinc Co
Jersey
9-
9-12
y,
$1.50
-
preferred (quar.)
preferred (accum.)
10-14
•
I'
8-17-
...;
Amsterdam
New
8-15
.
9-
8-31
—
9-15
v
9-15
-
New Haven
9- 1
8-15
8-24
(quar.)-,,
Canada. Ltd
Inc.
8-5
:
1
,: 25c
common
Meter Co., 8% preferred (quar.)
Casualty (s-a)
Neptune
Fnnn
(quar.)
fouar.)—
Brothers,
Newberry
9-15
$1
50c
(quar.)
;
Corp.,
Products of Western
New
$2
9-28
12-28
7-31'
8-
•>.
9-
3
50c
Pillsbury Flour Mills Co..
7-31'
75c
.j ;: $1
$1.37'/a
$1.50
i
25c
.
Piper Aircraft, 60c preferred <quar.
Pitney-Bowes Postage Meter Co. (quar.)
Pittsburgh Bessemer & Lake Erie—
8-15
(accum.)i^._ n:
(quar.).!.*.
r-
Neisner
5
Inc.—
Bearings Metals, common
Terminals
5
$1.75
9- 1
$2
preferred
prior
8-
8-12
9- 1
(quar.)
preferred
Corp.
Supply,
8-
8-15
$1.50
Steel
8-17
25c
7-31
8-15
>1
7-24
8
(quar.)
8-18
<
8-15 '■ V
25c •'
Extra
-
9- 3
$1.50
$1.50
(quar.)
(quar.)
Gummed
1
8-11
8-31
11-30
9- 1
11- 1
75c
8-15
27%c
:
8-
9-
Irregular
27V2C
(accum.)_
(initial)
J(atiqnal Union Fire Insurance (Pgh.). (s-a)-.
3
12- 1
9-15
9-15
! 9- 1
$1.25
(accum.)
prior preferred
National
1-
4
$1.75
$1.50
50c
Muskogee
Nashua
■6%
8-25•8-
8-
8-15
9- 1
9- 1
12- 1
12- 1
8-18
9-
8-31
8-15
8-14
;
1
9-
25c
preference common
Photo Engravers & Electrotypers,
25c
<
9-21
1
9-
40c
8-15 1
1
8-31
10-14
25C
1
10-
9-.*5
9-30
$2.50
9-15
7-31.
25c
preferred (s-a)__
'
7-31
8-15
,
1
9-15
2
$1
Philadelphia Transportation Co.—
$1 participating prelerred (s-a)
("V.t.c. for partic. preferred (s-a)
Phillips Petroleum Co. (quar.)
$2.50
preferred
preferred
Philadelphia Electric Power, 8% pfd.
Philadelphia Insulated Wire
10-20
8-15
10c
v../-'..; 5c
Rubber Machinery.-:
5V»%
8-11 :
11-
Muskegon Motor Specialties—
$2 class A (quar.)
preferred
National
$1
9- 1
10c > 8-21
9-12
25c
9- 9
$1
9- 1
$1.06
9- 1
$1 ;.t; 9- 1
lc
Mullins
5Va 'M
1
& Development Co.—
Quarterly
preferred
'M preferred
.
>8-
8-23
$1.25
1
$1
25c
Steel
8-15
9- 1
9- 1
9- 1
9- 9
10- 1
11-
■;:*
(quar.)
■
5y2%
Pumps,
8-10
9- 1
10- 1
10- 1
10- 1
10- 1
10- 1
8-31
10- 2
9-
Extra
National
7-31
8-16
9- 5
9- 5
9-15
8-15
9-15
Paper & Type (s-a)
Railroad
9-8
9- 1
9- 1
8-15
8-15
8-18
9-15
2
10-
$1
Philadelphia Co, 5% preferred (s-a)
Philadelphia Electric Co, common (quar.).
•
R-91
-
preferred
National
1
10-20
1
9-30
9-
*
$1.50
(s-a)
8-
9- 1
3c
Minneapolis-Moline Power Implement Co.—
$6.50 conv. preferred (quar.)—
—
$1.62V2
Missouri Utilities, common
—— >.
25c
5lo
preferred
Railroad
^
Chapman & Scott—
6V2%
$7
National Oats Co., 5%
8-15
*
Merrltt
(s-a)_„
9-15
-
10-30
2c
$3.50
preferred
3
10-
t2c
;
Brewing Co
Phelps-Dodge Corp.
8-21
8-
of Baa,
$1
Pfeiffer
9-11
'
$5
9-15
■
9-30
9- 1
10- 1
9-30
9-30
9-10
9-1
8-15
9- 1
$1.50
—"———
25c
;
4V2'/o
preferred (quar.)___
——
$1.12'/2
Massachusetts Bonding & Insurance (quar.)
87V2C
May Department Stores
...—75c
McClatchy Newspaper, 7% preferred (quar.)
433/4C
,7%
preferred
(quar.l
43%c
Mclntyre Porcupine Mines Ltd. (quar,)J55V2C
McLellan Stores. 6% preferred (quar.)—_
$1.50
Mead Corporation,
common
._i
15c
$6 preferred
A (quar.)—:———— v. $1.50
$5.50 preferred B (quar.)
——:
$1.37V2_
Meadville Telephone Co. (quar.)
I——
37'/2C
Meier & Frank Co. (quar.)
.1
15c
Mercantile Acceptance Corp. of California—
5% ;preferred
(quar.)
!
25c
:
6%. preferred (quar.)
30c
Mercantile Stores, common——
;
50c
1% preferred (quar.)
—______
$1.75
Corp.,
•
12-20
8
$1.75
Linen Service, common
Mines
Peoples Telephone, 4 Va %
9-
$1.12 V2
;
National
11-15
9- 9
25c
$1.75
$1.50
—
7% preferred Iquar.)
Co., 6'M preferred (quar.)
(B.) Co.,
2nd preferred (quar.)_
Masonite
Extra
j
8-15
Gold
Hoiaarm
1.25
(quar.).
com.
(quar.)
(quar.)
Peoples Gas Light & Coke
12 Vac
(quar.)
(quar.)
preferred class B (quar.)
National Liberty Insurance (s-a)_,
8-15
preferred (quar.)$1.50
(quar. )-i_
7:
$150
6%
Manhattan Shirt Co. (quar.)
1
3
pfd.
$4.50
common
preferred
Perron
30c
6'M
8-31
Mallory (P. R.) & Co., common—.*
—4?3c '■?4Vf % preferred —_——i-'-—•—$0.265625
Manischewitz
3
8-25
8-15
.
.
8-15
$5
20c
preferred class A (quar.)
7%
.
Louis Ry.—;;
Nashville
&
Louisiana Land &
j
'_i._
St.
non-cumulative preferred
Louisville
—
(quar.)
9-12
Pennsylvania Water & Power,
When
Payable
Pepperell Manufacturing Co
Gypsum Co.,
8-11
9- 1
9- 1
12-1
12- 1
10- 2
9- 1
8-15
100%
Co.,
8
for
National
8-31
9-30
8-21
;
25c
$2
$1.50
.
Louisville Henderson
common
National
•
Lord & Taylor, common .(quar.)——
of
National
9- 9
12- 9
9- 1
9- 1
$1.25
—i-ui-'u--^!■•!/' 25c
——
$1.25
preferred (quar.)
Participating __;
5% preferred (quar.)
-
,,:
(One share
5
10-26
$1
$1;20c
(monthly)———.
Co.,
Monthly
:
Lone Star
9-12
25c
5
11- 1
*25c
—
10-13
(quar.)
9-
-
£25c
Co..Ltd., cl. A (quar.)—
1
(Del.)
Corp.
8-30
25c
stock——,—$1.10
stock--———$1.10
original
$3.30
11-
35c
(increased)
Electric Welding Machine
(quar.)_
—
$3.30 original
'9-30
(quar.)
12-
8-21
8-15
Link-Belt Co., common (quar.)—
50c
-9-1
*
:6ft* preferred (quar.
$1.62% % 10- 1
Lionel Corp.
(quar.)
—
20c - 1 8-31
Liquid Carbonic Corp.■, common (quar.)
25c
9- 1
4ft* preferred A.(quar.$1.12ft
11- 1
Little Miami RR., special stock (quar.)
• >
50c >
9- 9
j
Special stock (quar.)
—«—*.—<—
50c
12- 9
-
10-15
(Cleveland)
9-
Per
thare
Name of Company
8-15
25c
4
9-1
*
8-31
(quar.)_ju,_^
11-
Neon
—-/•'/! 30c
10c
:—*_
Register
each share held)
•
Lindsay Light & Chemical—Line Material Co. (irregular)-*.—-—
10-14
$1.75
National Cylinder Gas
National Dairy Products
9-11
75c
(quar.)—„_
of Re0.
30c
5
-9- 1
-
Hoiaere
1
8-
8-11
9- 1
75c
Lincoln National Life Insurance (Ft. Wayne)—
«•"
8-15
•
50c
50c
(quar.)/.. /;/
Liggett & Myers Tobacco,-common
"?
Container
9-25
'
LeTourneau, Inc.-, common (quar.).*-..*—
$4.50 preferred
National
(quar.)-«fc^^t-iia-*ii,».-_';:^v; j2c/>! 8-15
Leitch Gold Mines
Custom
City Bank
7-31
12-30
10- 2
10- 2
8-15
10- 2
-
When
Payable
common
Extra
$2.50
Leonard
National
Va.)—
Leath & Company, common——
1
1
9- 1
10- 2
8-15
(quar.)^/v>. 30c
Company
Cash
8-
Comvany
(quar.)
National
12-15
(irregular)-.:-Lake of the Woods Milling, com. (quar.)—
7* preferred (quar*)
1l:—J$1.75
Lamaque Gold Mines Ltd. (interim)—
t7c:
Lawyers Title Insurance (Richmond,
6% participating preferred (s-a
preferred
1%
10-13
25c •
9-15
10c
8-21
t30c:t 9- 1
;_»■
LaSalle Wines & Champagne
Lansing
National Biscuit Co.,
9-15
Stock dividend
—
<quar.)_;
Co.
8-11
—
(quar.)
(quar.)
preferred
preferred
7%
Lane-Wells
9- 1
10- 2
11- 1
8-15
8-15
$1.25
,
common
rer
Name of
of kea.
50c
$1.50
$1.75
10c
$1
Kroger Grocery & Baking, common (quar.)_
6* 1st prelerred (quar.)
—
i
7% 2nd preferred (quar.)
..
Kysor Heater (quar.)_
;
—
Lafayette National Banlc (Brooklyn)
l_
Lake Superior District Power—
'
*
i*
) - 5* preferred
Landis Machine,
Payable
Share
of Company
thare
Hoiuert
wnen
rer
No me
common
preferred
(quar.)
(quar.)
Line
30c
9-
Railway Co.—
non-cum.
preferred
(quar.)
'
8-15
7-14
Southern
9-30
8-31
Southwestern
8-15
7-26
9-
1
8-
9-
1
8-11
1
Wholesale
Life
Phosphate & Acid Wks.
Insurance
Co.
(Dallas)—
Quarterly
Southwestern Public Service Co.
Sovereign
Investors,
Inc
com.
(quar.)
25c
9-
1
8-15
10c
8-21
7-31
Monday, August 14, 1944
666
When
Per
Spencer Kellogg & Sons
———
Spiegel,, Inc., 54.50 conv. pfd.
Payable
thare
Name of Company
Spalding (A. G.) & Bros., 1st preferred—
r
..,
10-16
$1
*f,6
$1.25
(quar.—
40c
Water
Stainioro
Extra
,
Standard Silica
Co.——
8-31
7-31
9-
1
8-19
1
8-19
9-15
8-15
9-15
8-15
9-15
8-15
8-15
8-
(D. A.)
Extra
Wentworth
$4
3,1
Ltd. dep. rets, (quar.)—
Swift Internat. Co.,
(irregular)
preferred (quar.)....
West Michigan Steel Foundry—
Westmoreland,
8-15
—....
,
8-10
-
9-
1
8-14
9-
1
8-15
8-15
8-
5
8-25
Company
Gulf
•
'
8-15
9-15
8-25
8-26
8-16
8-15
9-
1
9-
1
8-15
10-
1
9-
9-
1
8-15
9-
1
8-15
12-
1
11-15
8-15
10-
(quar.
7%
preferred (quar;
White (8.8.) Dental Manufacturing (quar.)
White
Villa
8-
2
7%
1
9-
1
8-11
Worcester Transportation Associates...^
Wrigley (Wm.) Jr. Co., common..
Wright-Hargreaves Mines, Ltd.—
2
9-
1
9-
1
8-15
7-31
1
11-27
Yale
York
8-15
8-
1
9-
1
7%
9-15
9-
1
&
Bearing—
Mines
5
8-18
8-21
8-31
8-
2
8-15
8-
1
8-
1
9-
1
8-23
Tank Car—.—
Union
8-15
$5
20c
$l.37'/2
2-2-45
1-20
9-11
8-30
9-15*
9-
United Aircraft Corp.
United
Biscuit
5%
preferred
United
5%
of America,
Chemical
United Corps.,
5
preferred
8-15
8-10
9-
1
8-15
9-
1
8-18
9-
1
8-18
1
9-
7-15
t38c
25c
9-10
8-24
50c
$1.75
8-15
8-
4
8-15
8-
4
—-
t75c
10-
2
9-9
Corp., $7 preferred (accum.)—
United Grain Growers, 5% non-cum. pfd. A
$3.50
t$l
9-
1
8-
9-
1
7-31
Tfnited
United
(quar.)—
Gas
Light & Railway Co. (Del.)—
prior preferred (monthly)——
7%
6.3G%
—
pfd. (monthly)—
——
prior pfd. (monthly)————
prior pfd. (monthly)—.———.
53c
53c
50c
prior
6.36%
16%
'
United
(quar.)
—
—
1
8-15
10-
9-15
9-20
8-
1
8-17
8-
1
40c
States Playing Card Co. (quar.)—
Printing & Lithograph 5% pfd. (quar.)
U, S, Rubber Co.,
9-15
l
2
$1.75
40c
United
U. S.
8-15
19-
8-10
(irreg.)—2c
U. S. Leather,, 7% prior pfd. (quar.)——
U. 8. Pipe & Foundry, common (quar.)
Common
:
$6
30c
Paperboard, 6% preferred (irreg.)—
B
9-15
1
2
10-10
50c
(quar.)
United Specialties Co, (irregular)——i
U. S. Electric Light & Power Shares—
Series
2
9-
10-
10-
$2.50
;6% prior pfd. (monthly)-——————
United New Jersey RR. & Canal Co.
8-15
1
9-
.58'Ac
prior preferred (monthly)—58'/oc
7%
9
50c
62'/2c
7-31
; 8-15
10-
1
9-10
9-20
8-31*
12-20
11-29*
10-
1
9-15
10-
1
9-15
common———
50c
9-
8
8-25
cumulative 1st preferred.——
United States Steel Corp., common—
—
$2
9-
8
9-
9
9-
1
this
9-
1
8-15
•
»
/' 17
:
—'
94
+
47
.
40
149
—
+1,097
—387
+
8,307
■,
.,.
demand
+
60
881
—
13
+
92
42
—
37
+
5
8,691
—
...
38
+
deposit accounts except
and
S.
U.
Gov't
8-15
11- 1
10-16-
♦July, 26 figures revised (San
9-30
accounts.
y
during week.
10-16
$50c
8-31
40c
9-
20c
50c
$6 'Ac
7-31
1
8-
10- 2
8-24
10- 2
$20c
9-8
8-15
8-15
1
9-20
13,348
,
-
Francisc^, District),
,
,
- ,
,
Statement of Centdition of the 12 Federal
Reserve Banks Combined
7-31
7-31
7-31
8-19
-
8-15
9-15
10-1
thousands of dollars)
(In
Increase (+ )
•
_
8-31
9-15
12-15
Decrease
or
(—) Since
9- 9
9- 8
9- 5
12- 5
T
Assets—
Aug. 2, *44
Aug. 9, '44
-
certificates on hand and
Gold
75c
75c
.
8-10•
8-15
10- 2 >;
$$3.50
$$3.50
50c
$1.37'/2
25c
dividend.
resident tax.
7%.
a
$
>.
18,417,365
Aug. 11, '43
-■
^
due from U, S. Treasury
"
—
273,331
——
4,563
•
—1,651,849
+
6,400-
—
$
■■'.v- --y
6,255
+
416,748
Redemption fund—F. R. notes..
,-:' vvn
Less British
Income tax.
19,107,444
// 61,645
10,774
Total reserves—
/
Discounts and advances.....
Industrial loans
•;
U. 8. Govt, securities:
'
344,791
60,650
—
Bills...--
; '
Condition Statement of Member Banks
/;-a;
iiil
-
-
.v
—
X;,'.*--
:
Due from foreign
11
banks
;
■
>
148,522
+6,904,976
356,216
6^384
15,880
+
—148,574
21,927
+
34,617
—
.
64,004
+
918
+
194,084
„
6,941,478
:;■>•■
9
+
+
—
+
4,015
1,057
■
5;/;•,
.*
Liabilities—
+
36,122,229
——.—
.Total assets
+ 5,608,628
:
-
.
Federal Reserve notes.
Deposits:,
>330,887
136
;
^
\r'V ■ /..v -
•
>390,871
—
"
1,543,047
premises
j
-
78,250
Uncollected items.*..—
Other assets
2,290,290
+
5",300
15,910 t
4,372,337
"
15,294,731
F. R. notes of other banks
r
111
,
—
15,222,312
(incl. guar, sec.)
;
Bank
+
.,
Total loans and securities^—
of $240,000,000 in loans, $103,000,000 in balances with, domestic banks, and $387,000,000 in United States Government deposits, and an in¬
crease of $94,000,000 in demand deposits adjusted.
Commercial, industrial, and agricultural loans de¬
clined $39,000,000 in New York City, $17,000,000 in the
Chicago District, $12,000,000 in the Dallas District, and
$73,000,000 at all reporting member banks.
Loans to
brokers and dealers for purchasing or carrying United
States Government obligations declined $73,000,000 and
other loans for the same purpose declined $105,000,000
both largely in New York City.
Holdings of Treasury bills increased $60,000,000 and
holdings of Treasury certificates of indebtedness declined
913
—
—3,381,990
Total U. S. Govt, securities,,,.,
*
37,415
+
127
+
9,399,225
-
-
...
^
v.
'
352,097
+
1,114,271
'BphdS—1,-326,826;
'
—1,367,708
25,456
+
—
Notes-.-:
v
8,092
—
v.
Certificates
;
19,331,778
*
+166,757
+ 4,809,384
74,626
353,797
■'
Member bank—reserve acct.
12,809,601
U. S. Treasurer—gen. acct...
—
487,496
+
226,798
192,030
1,446,333
+
15,016
174,192
—
343,749
+
4,162
Other liabs., incl. accrd. diys.__.
15,087,179
1,233,754
9,919
Fureign
Other——
Total deposits..—
Deferred
$78,000,000, both largely in the Chicago District.
Hold¬
ings of United States Government bonds increased $57,000,000. Holdings of "Other securities" increased $59,000,000 in New Yof-k City and $64,000,000 at all report¬
ing member banks, t,
'
Demand deposits adjusted increased $151,000,000 in
New York City, $28,000,000 in the San Francisco Dis¬
trict, and $94,000,000 at all reporting member banks,
and declined $29,000,000 in the Philadelphia District and
$24,000,000 in the Chicago District.
Time deposits, other
than United States Government and interbank, increased
8-21
25c
>
tax
for
7-28
$1.50
+
+
availability items
Total liabilities
35,405
+171,350
+
+
+
+
35,662,630
3,003
193,112
77,716
+
—147,998
684,614
4,373
+5,576,087
Capital Accounts—
Capital paid in:
i
Total liabilities & cap. accts..
Ratio of total
res.
to
to
+ -
10,330
+■
27,686
136
+
872
36,122,229
5,611
—
+194,084
+
5,608,628
deposit &
F. R. note liabilities combined
Commitments
100
159,352
188,097
26,965
85,185
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts
make
55.5%
.6%
—
15.3%
—
indus¬
trial loans
4,040
.....
120
+
7,946
—f
8-11
8-19
59
3
8-25
$1
$1.75
23
+
24
+
-
6,917
' ll- l
ended Aug. 2: Decreases
1
1
3,443
—1,150
—103
13,647
si
cities shows the following principal changes for the week
9-
to
interbank
.
7-31
(quar.)——
class A pfd.
Debits
7-31
9-
2.63Q
+
64
+
33,597
Domestic banks..
Foreign banks
Borrowings
tPayable in U. 8. funds,-less 15% Canadian non-residents' tax.
tPayable in Canadian funds, tax deductible at the source.
Non¬
15%;
—
....
deposits
Interbank deposits;
11-15
V 8-10
United Fuel Investments—
6%
closed
+
10
—
.
3,458
57*
^
47
+
1
—
—
51
357
—
78*
—
2,177
■
8-15
Foundry Co., common
(quar.)—
—
Ltd., class A
Income
60
8,764
deposits-adjusted
Time deposits
U. S. Government
The condition statement of weekly reporting member
banks of the Federal Reserve System in 101* leading
8-15
United Engineering &
Demand
8-11
7- lv
8-15
25c
$1.25
75c
(quar.)——————
$3 partic. pfd——
;
+
\t+
532
183Ac
$1.50
*
11
83
+
—
Liabilities—
8- 4
9- 1
8-15
12-30
-
613
2,942
Cash in vault.
5
50c
United Electric Coal Cos
7%
8-
$1.12Mf
$1.25
common-——
...
(quar,)...
not
19,435
.....
3
+
7,502
;
with Federal Reserve Banks
Reserve
8-15
$1.50
$1.12)6
$1.25
——————
10- 1
9- 1
8-15
8-15
i5c
(s-a).—.
Jamaica
books
—.
—
Other securities
11-10
11-15
25c
pfd. (quar.)—
conv. pfd. (quar.)
30%
—
1,176
+
l
+
—
3,881
11,057
Obligations guaranteed by U. S, Government
....
388
+
, ,
1,321
Treasury notes
9-15*
9-229-22
8-15
8- 4
10- 1
:
....
(s-a).
A
1,071
—
U. S. bonds
m
30
—105)
—
12)
87
—
8-1(1
25c
25c
United Air Lines, Inc. 4'A%
Less
resident tax.
—
Bennington RR. (s-a)———
Truax-Traer Coal Co., common
5'/a% preferred (quar.)
————Tyer Rubber Co., 6% preferred (quar.)——.
Union Electric Co. of Mo., $4.50 pfd. (quar.)
$5 preferred (quar.)-———
preferred
t
......
Treasury bills..
Treasury certificates of indebtedness
1
73
—
+
-
1,213
„
.......
banks...
Other loans—
v
Co.__.
preferred
•Transfer
——
Troy &
1st
Loans to
337
;
—..334
Real estate loans
8-15-
1
807
639
Other securities
»
+
t
■.
obligations^.^.... \
purchasing or carrying:
U. S. Government obligations
Other cash
x
8-15
1
$1-50
Mfg.
:
4
8-15
—
——
—
preferred (quar.).——
Trinity Universal Insurance (quar).
Quarterly
——-—...
Troxel Manufacturing (irregular)—
Towne
2nd preferred
5'/2%
'
1st
(quar.)—
Zlegler Coal & Coke Co.____.___.___
Zlon's Co-operative Mercantile Institution—
Quarterly
Quarterly
7-21
8-15
—.——
8-
8-22
(interim)———
5%•
——tic
Tokheim Oil Tank & Pump Co,-!
—
25c
Trane Company, common (quar.)—
r
12'/2C
Extra
7,/2c
registered
Gold
8-10
9-
Corp. of St. Louis——
Securities Trust, Ltd.—
Co.
Youngstown Sheet & Tube, common
8-10
1
8-31
_
5c
——50c
25c
—
1
W.)
.
73
—
■:
>0.
.
S
v
•
.
pur-
9-16
9-16
7-30
10- 1
^
Knitting Mills, Ltd., common (s-a)_„
7%
9-15
9-
(F.
......
25c
$125
!5c
9-
9-
>
$$2.50
Manufacturing Co., Ltd. (init. quar.)
Woolworth
9-15
$3
$1.50
$2.50
jVr;
8-25
12-
-V
+1,916
Other securities
9-15
10-1
8-14
—240
Balances with domestic banks
Extra
25c
Roller
^
''
for
8-28 •
8-10:
9-11
9- 1
10- 1
....
Williamsport Water, $6 preferred (quar.)...
Line, 5% 1st preferred (s-a)_.
Winnipeg Electric, 5% preferredi.
Winters & Crampton Corp.—
75c convertible preferred (quar,)—
Winstead Hosiery
(quar.).
8-31
U. S. Government
.
Inc.,—-
(quar.)
10-
$1.75
50c
<jOc
$1
$1.75
30c
-
Wilson
1
Inc. common—
—
preferred (quar.)——
———
Water Associated Oil—
Title Insurance
(s-a)-
Co.,
v
$1.75
Wieboldt Stores, Inc., 6% pfd. (quar,)___
75c
$5 prior preferred
(quar.)
$1.25
Wilkes-Barre Lace Mfg....
$1
Williams (J. B.) Co. com. (quar.)—25c
75c preferred (quar.).——.-.—
25c
Co.——■ ———
R.)
(J.
Ordinary
(Wm.)
9-15
90c
$2.50
Thompson Products,
Toburn
common
Grocers
preferred
Woods
35c
(quar.)—.:
—
Sulphur (quar.)————
Thatcher Mfg., $3.60 preferred (quar.)
Thermatomic Carbon Co., $5 pfd. (s»a)—
Texas
Texas
8-15
1
9-
40c
$5c
^Telephone Bond & Share—
■>7% 1st preferred (accum,)--—
—
Terre Haute Water Works, 7% pfd. (quar.)-
Tobacco
50c
35c
.......
+9,963
11,487
Z
Other loans for
8- 89-
-r-148
6,015
chasing or.carrying:
8- 1
8-15•
10-2
25c
Whitman
8-15
1
9-
50c
(irregular)
Electric Co,———————
Teck-Hughes Gold Mines Ltd. (reduced)
Extra
.....
Whitaker Paper,
-
8- 8
9-15
$i
7-26-44
8
dealers
and
8-4-43*
8-2-44
and agricultural
industrial,
brokers
/
Increase ( + ) or/
Decrease (—) Since
56,917
1———
to
v;
v
;
:
■
loans.
7-17
7-17
.
of dollars)
investments—total
CommerdJial,
8-15
9-1
8-15
8-15
$1.12'/2
8-15
25c
9-15
$1 >•/■; 8-31
/
$1
8-31
Electrical Instrument Corp. (quar.)
Chlorine Products (quar.).:
(quar.)
(In millions
-r.
Loans
8-15
■
-
-
';/
„
Coal__^____
Inc.
'
Assets—
Loans and
»
1
1
v
8- J.
;
9- 1
433Ac
$1.50
$1.75
conv.
West Penn
Weston
8-15
$1
....
1
9-
50c
—
25c
Westvaco
l°c
10c
37'Ac
40c
50c
(quar.)—-—.
Tampa
Timken
Manufacturing—
(quar.)
9-
lfz
7
8-16
-
.'7'/■
V
of .the! assets and liabilities of reporting
summary
"v
Oil & Snowdrift Co.—
conv.
$1.75
8-
increase was $47,000,000/
deposits declined in all dis¬
/ „::'
V
/ V-" y / • ■
8-16
9- 1
:
:
8-11
9-1
$1 convertible preferred
Wesson
A
member banks follows:
Loans—total
9-
9-
8-15
—
t
Syracuse Transit Corp., common
Thompson
.......
8-15
12-15
8-31
5c
(s-a)
Westmoreland
9-15
8-15
25c
2nd pfd. (quar.)—-—
preferred (quar.)—:
——
25c
$$1.75
^
...
Insurance
tricts.
8-15 r
11-15
8-1511-15
8-15
10c
i.—
Engineering.....
8-15*
5
8-
12-30
*
Swift & Co. (quar.).—_——
$6
Common
Wellington Fire
7-28
8-18
1
8-15
A
Superior Tool & Die
.
1
5
9-30
*J-%%
Swan-Finch Oil, 4%
........
the total
and
districts
United States Government
8-15
8-31
8-31
12-1
9- 1
12- 1
8-31
...—;
5%
preferred (quar.)
.....
Electric, 6% preferred (quar.K.
7%
preferred (quar.)..—.........——
West Virginia Pulp & Paper Co.—
4'/2% preferred (quar.)
Westinghouse Air Brake..
Westinghouse Electric & Mfg
common
7% particpating preferred
9-
Oil, Ltd.—
partic. preferred (quar.)$20c
Participating -———
—
Jiu
Sullivan Machinery Co
3lVaC
Sun Oil Co. (quar.)—-—25c
Tide
1
9-
(quar.)-—$1.50
Stromberg-Carlson 6%% pfd. (quar.).——$1.62/2
Stuart (D. A.) Oil Co., Ltd. (irreg.)—
t25c
"Struthers Wells Corp., $1.25 preferred (quar.)
31 'Ac
$5
i
8-15
9-
prior preferred A
Common
8-15
9-
$9
Participating units
22'Ac
preferred (s-a)._
—$2.50
5% preferred (quar.)_._
$1.25
5% preferred (quar.)—
—$1.25
Welch Grape Juice Co., 7% pfd. (quar.)
$1.75
Common
all
in
of Ree.
Washington Railway & Electric—
Wellman
'/ft*
31'Ac
———-
——
preferred (quar.)—.
5% preferred (quar.)
..
Stein (A.) & Co. (quar.)——
Sterling Drug, Inc. ——
——
Sterling Engine Co.———-..————— —
Stonega Coke & Coal———
~
Strawbridge & Clothier—
■
6%
5
9-15
*oc
5%
Class
8-
9-15
®M2va
Stanley Works, 5% preferred (quar.)
Stecher-Traung Lithograph Corp.—
Stuart
10-16
10-16
——
Standard Stoker
6%
1
1
8-15
$50c
10c
40c
50c
25c
———----- ;
2&c
—10c
—
1
11-
•••
preferred <quar.)_—
—
Standard Cap & Seal—
$1.00 conv. preferred (quar.)
Standard Chemical Co., Ltd. (interim)
'
Standard Dredging Corp., common
$1.60 preferred (quar.)——-———
Standard Oil Co, of California—————
Standard Oil Co. of Indiana (quar.)——
$4.50
8-19
9-
8-31
11-
Sn
(quar.)—-«•
Standard Brands, Inc., common
6
9-12
50c
Squibb (EL R.) & Sons common (quar.)—
$5 preferred A (quar.)_——...
*.—
$4.25 preferred B (quar.)
———•—
9
9-
10-
Holder*
When
Payable
Share
Name of Company
of Bee.
9-15
^11Zl2
(quar.)..—
Per
Holder•
:8%
:
7%
preferred
United
(quar.)____._————
6% prior pfd.
Foreign Exchange Rates
Wall Paper Factories
Quarterly
Universal Insurance
Co,___.
—
Universal Laboratories, $2.50 pfd. (quar.)..
Universal Match Corp.—_.
62'Ac
Common
Dorn
Van
Norman
1
9-16
8-31
10-31
10- 2
9-15
62'Ac
62'/ac
-
-
10- 2
9-21
1-2-45
12-23
$1
Iron
Works
—
Vanadium-Alloys Steel
,
9-
6
9-
9
EXCHANGE
RATES
RESERVE BANK.TO
BY- FEDERAL
CERTIFIED
AUG.
8-25
9-20
FOREIGN
4 TO
10,
AUG.
8-26
50c
25c
Co.—.———_■;
Company—
Tariff Act of 1930, the Federal Reserve Bank is now cer¬
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
world.
We give below a record for the week just passed:
>
10-16
$2
—
Van
9-
50c
50c
Universal Pictures,
common——
Upressit Metal Cap, 8% preferred (accum.)
Utica Knitting, 5% prior pfd. (quar.)
5% prior preferred (quar.)——
9-15
Pursuant to the requirements of Section 522 of the
$1
9-
2
9-
Noon
Country and Monetary Unit
Argentina, peso—
1930
:,v-
■»
v;
: y
■
BuyingyRate for Cable Transfers In New York
Value in United States Money v
- -.."y*
,
9
8-18
TREASURY UNDER TARIFF ACT OF
1944, INCLUSIVE
Aug. 5';'
Aug. 4
$
V
>'
y
..
-,
$
>
7,
-
Aug. 8
•.
Aug. 9
y-
; Aug. 10
>
r.
^
Vapor Car Heating, 7% preferred
7% preferred (quar.)———
Vick Chemical Co:
Virginia-Carolina
(quar.)—
(accum.)
6%
partic, pfd.
(quar.)
:
—...
Vogt Manufacturing Corp.——.—...——
Vulcan
7%
Detinning,
Extra
1
1
12-
1
8-15
—
—
Building Corp.
(s-a)
——...
..."
.297733*
Free
3.228000 /
Electric
Corp.
Waite Amulet Mines,
Walgreen Co.
4'/2%
Walker
8-28
8-14
$1
9-1
8-21
15c
9-1
9-20
$1.75
10-20
50c
9-15
8-15
9-
9
10-10
8-16
20c
9-15
8-16
9-20
9-
$20c
9-11
8-10
(quar.)
1
40c
....
9-12
8-15
$1.12'/2
9-15
8-15
t$l
(quar.)
9-15
8-11
(H.) Gooderham & Worts, Ltd.—
Common
$1
Ltd. (interim)——
common
preferred
(quar.)
(quar.)
preferred (quar.).
Warren
(Northern)
Warren
(S, V.) Co.
...
t25c
9-15
8-11
(quar,)...
75c
9-
1
(quar,)—
i: i,
•
3.228000
'■
V-
.
.297731*
.251247*
.
;
3.228000
;
"
.
.
;r-\y
.251247*,
3.228000
;
Free.
—
50c
9-
1
8-19
>
.051275*
V--'#060602*
.060602*
.060602*
;
>
'.297733*
-.251247*
.051275*
:
v;
.051275*
.060602*
• -y
3.228000.060601*
.051275*'
;
.051275*
.051275*
.909090 y
.909090
.909090
Canada, dollar:
Official.
........
Free
,909090
r
.909090 :.
r
>
.900625
.909090
y
*>
.900625
;
:
r
.900000
y. .900446
.900000
.900000-
!
Colombia, peso
England, pound sterling.:
India (British), rupee
Mexico, peso..
Newfoundland, dollar—
.572766*
Official
V::
.572766*
".572766*
"
7
'
4.035000
...
Free
.301215
-
.909090
.898125
New Zealand, pound
Union of South Africa, pound-
.
•
%
.572766*
.301215
.301215
.205800
.205800
.909090
.909090
.572766*
4.035000
.909090
v
4.035000:
>
J01215
.205800
.909090*
.897500
.897500
.897500
3.244203
3.244203
3.244203
3.980000
3.980000
.
.898125
3.244203
3.244203
3.980000
,r
.898125
3.244203
.572766*
4.035000
.301215
*
.205800
-.909090
■
.205800
^J01215
.205800
....
4.035000 "
4.035000
:
3.980000
3.980000
3.980000
Uruguay, pesoControlled—
.658300*
.658300*
.658300*
.658300*
.658300*
.658300*
.541266*
.541275*
.541516*
.541750*
8-15
....—.
Corp. $3 pfd.
>.251247*
.251247*
3.228000
y
'.060601*'"
...
...
Wagner
/
;
.
.297733*
.297733* •:
.297733*
y
;
.251247*
Australia, pound..
Official....
50c
—
Official
Brazil, cruzeiro—
•
$1.50
common
preferred (quar.)
Wacker-Welis
9
9-
9-
$3
....
Virginia Coal & Iron
12-
50c
——
(quar.)
Chemical
9- 9
$1.75
$1.75
'
Noncontrolled.!
—
.541250*
.541275*
•Nominal rate.
e>'
Volume
/General Corporation and
elude their earnings in excess of dividends.
dividends received by the Associates from
i
ital
Ogden Corp.—Hearing Date Set On
to
Plan—^
' ;
,
bank—135,862
aforesaid
Total
sale
Bal.
($919,770 un¬
paid
194ft), by the pay¬
ment to the holders thereof of an amount equal to the unpaid prin-/
cipal amount of such bonds and accrued, interest ,thereon up;to the
date-of such payment, but without the payment to such holders of any
redemption premium in respect of such bonds. >; The balance of the
proceeds,"Jof said sale remaining after:, the payment and discharge of
All the outstanding-5%%
bonds as aforesaid, together with any addi¬
tional assets of "Central States,' will be distributed to the holders of
the securities junior to said 5V2% bonds in accordance with an amend¬
ment to;the plan of Central States to be hereafter,'filed' •with this
Deferred
Total
^
,
Uncompleted
orders,
June
30
36,131,973
59,826,382
66,104,641
for
37,170,282
contract
.
________
against
Ended
Net
j
general
.
and
administrative
expenses..f.
income
>7/ /•//
80
$4,938,334
,
_____________
Otter Tail Power
to sell,, and
proposes
Interstate's "Benidji-Crookston
2.
Total., income
Prov.
income
Fed.
for
Post-war
See
Districts," for
base price of $3,000,000
The prop¬
a
131,251
129,187
4,085,000
Cr360,000
Cr715,000
400,000
tax
750,000
$1,701,950
$0.55
$0.75
8,050,000
Net:.income
earned
per
share
common,
—V, 160, p. 578.
properties."-—V. 159, p. 2307.
Period.End. June 30^-
.
The
1
.
124
$603,146
'
-■-•"•743
Operating taxes'
61,772/
Net"- operating
income; :
'■*J'__ 4
i'
57,275-
.
19,6}4'
"23,403
J!
——
pain .from eper. before
depreciation
$15,943
10,511'
-
<
Other
,
:
$94,367
;,
income,
Total
6,605
61,400
57,459
;
excess
.
profits.
.
$670,058
$1,709,045
208,443
$895,808*
•
419,735
$1,367,595
413,437
212,639
'
and
1 16,400
-
taxes-
20,267
33,148
41,805
447^850
/ notes of- subs. cos;—_"
:Prov. for Fed. inc. and
^V;^160,v p.' '227^"--y • >;
$1,262,422
105,173
netr_29,846
bonds
on
1944—6 Mos.—1943
$1,663,152
57,820/:;
45,893
$612,238
$865,962
income
Interest
$92,509
"f
•
;
>
-
^
Depreciation
$12,346
155, p. 1217.
1944—3 Mos.—1943
Period Ended June 30—
*
$539,749
676'
-
' '' $539,071
345,602- -">-321,635
162,434
124,927
$602,403
$89,235
$101,118
Operating revenues.— "
Operating expenses
i
Pathe
Ohio Bell Telephone Co.—Earnings—
'
Operating revenues-'—
Operating expenses
7,771
6,831
$5,998,§33
1944—6 Mos—1943
212,000
826,850
442,000
earnings—-
3,466,950
1,723,658
Operating taxes
.Net, operating income
9,905,205
8,578,797
$735,207
$4,918,690
.719,635
4,745,224
$5,033,842
4,763,799
1,410,908
$808,325
814,784
—
—
,
NOTE—~For
possible
order.
133, p.
1615.
to
mechanical
arrange
reasons' it is
not
possible*
as
160,
additional shares of <$8 par)
profit
after
Ohio Water Service Co.—Earnings—
1944
Maintenance
1943
$914,647
$911,571
222,740
Crl,347
205,518
General
& exc. prof,
Fed. inc.
The
33,224
83.203
266,317
$253,614
6,494
„
1941
1942
1943
...
taxes,
$397,183
ard's
dollar
69% greater in units shipped and yielded
profit, compared to the same period last year.
volume,
net
inore
Reduced
v
,,
.
income
Other
$260,108
164,058
.
j-.Gross income
Interest .and other -deductions
.
"Closer pricing and
5.170
V
Government
Costs. to
Cut
Profit
only 9%
li.—
-Net; income
*
$402,353
,
164,750
*
,
'
and, equipment,
Assets—Property," plant
at
investments,
§26,495;;, accounts
-
miscellaneous
cash, $198,450; U. S. Government securi¬
values, $258,687; bonds of affiliates, at cost,
arid
,
.
materials
$22,270;
revenues,
supplies,
and
priced at average cost, $36,926;:prepaid taxes, insurance, etc., $5,920;
post-war refund of Federal excess profits tax, $5,659; deferred charges,
$249,138; total, $8,478,382.'' J
;
" " '
"
" ' ■
'/ Liabilities—Class A
common
st<ick
(40,522
sliares,
par), $3,155,898;
no
$3,690,000; accounts., payable,. $15,588;
customers',
accrued interest thereon, $29,792; accrued general^ taxes,
accrued Federal income taxes, $218,456; accrued interest on
debt,
long-term
deposits and
$60,046;
$12,300; accrued miscellaneous, $2,966;. customers' ad¬
reserve for depreciation, $969,564;
contributions in aid of construction,. $49,856; capital surplus, $213,900;
$56,2361 ttotal,
$8,478,382.- V/. 159,
' p.
1768.
/
•
.
'Post-War, Reserve
Old Colony Trust Associates—Earnings—
%>
6 Mos. Ended June
30—
;
Income—Divs. from bks,
Interest
fa/
-
credit
:-r
_
r
Miscellaneous income.
•
1,094
1,980
1.662
$223,469
3,209 :
1,401
1942 "
$218,187
; 2,202
•
/
.
"
;;
/
$261,787
$228,853
; 'i'/ 19,601
$236,158
18,826
"
■
salaries &
exps.
'
/
for
Provision
1,900
-
>; 21,831 /
■
taxesy_bb
2,400
1.900
21,202
/
previous
taxes
•
$223,188
of
for
bal.
31——
Dec.
$179,975
$188,447
665,840
670,678
652,669
Fed.
income
unfilled
—v.
June
/
Taken for Greater Car Market
/
/
160, p.
228.
■'
■
Pan American Airways Corp.—Seeks World Routes-?corporation
has filed applications with the Civil Aeronautics
destinations, including Moscow, Berlin, Cape Town,
Paris, Oslo, Stockholm, Rome and many other major world
centers.
The corporation also disclosed plans for a high-speed express
service in South America over imposed and shortened routes sought as
Calcutta,
$859,001
$850,653
$841,1*16
188,104
188,104
188,104
$670,898
$662,549
$653,012
ent
1942.
the
24,353
$697,283
30—
amendments
in 19441 $12,744 in 1943, $14,550
and $13,340 in 1941 received from constituent banks.
deducting
Note—The
banks
Packard still
/
backlog
to
its present certificates.
The route to Calcutta would
ent
position as con-
financial
and virtually unchanged.
He stated that
totalling nearly A billion dollars.
Board to fly to new
188,104
paid & declared—
Pay't of legal exp
•After
by
company's
of business is being fulfilled as long as the nation
engines," concluded the Packard head.
"At the same
:H time, without impairment to the war effort, we are taking definite
steps toward an expanded motor car future.
These include the in¬
creasing of present factory space by the buying and leasing of other
.facilities
so
that Packard
can
be ready
at the onset for proper
resumption of a greater share of the post-war automobile market."
$909,740
Balance,
1947.
those
practically all of the nationally
orders
/'*; Steps
"This
This
"//-»_-_-;
7,011
prior years.
income
includes
$9,270
of
Old
only
in
its constitu¬
received and does not in-
Colony Trust Associates from
dividends actually
shall
a
of
250,000
be
stock,
common
as
share of the common stock and .0378 of a
a
preferred
stock of
said merged
corporation;
fractional
converting his stock
stockholder shall be entitled to receive
and/or
preferred
stock upon
in lieu of deliv¬
either common
of
the
by the board of directors, dividends out
available therefor at the rate of $4 per
corporation
annum,
share or shares
be a quarterly
be curnulative from and after
shares in
question.
On March 1, 1945, and on March 1 in each year thereafter,
so
long, as any of the shares of 4% preferred stock shall- be outstanding, and so long as accrued dividends on all shares of outstanding
preferred stock shall have been paid for all past dividerld periods,
there shall be set aside out of the net earnings of the corporation and
deposited to the credit of a sinking fund for the purchase of said
stock, an amount equal to 15% of the net earnings (as hereinafter
lines
line
itself.
as
Pan
«
be an extension of Pan
American'^ pres¬
provide a link to establish
a round-the-world service, excepting for the United States
American recently stated at a C.A. B. hearing that it would
to
the
Pacific
area,
and
would
apuly for domestic routes if domestic air lines were
pete
with
it
in the
foreign
field.—V.
160,
p.
469.
permitted to com¬
in which event such dividend shall
the date of issue of .the share or
the preceding calendar year, or an
between the sum, if any, on deposit
and $250,000, whichever amount
shall be the lesser.
Such fund shall be held and administered by the
corporation and shall be used in whole or in part on such occasions
as the board of directors may in its sole discretion from time to time
determine, for the purchase of shares of preferred stock in the open
market or at public or private sale at not. more than $105 per share:;,/
For the purpose of calculation of paymerits to the sinking fund, the
net earnings of the corporation for its preceding calendar year shall
be deemed to be the net income (after taxes) lor such year, determined in accordance with sound accounting practices, less the amount
of dividends payable during such year on outstanding preferred stock.
In
the event of the dissolution, liquidation or winding up of the
of
the
equal
for
corporation
the
to
difference
such March 1 in said sinking fund,
4% pre¬
(whether
capital or from earnings) of the corporation, before any payment
shall be made to the holders of common stock, the amount of $100
for each of their respective shares, and all dividends accumulated and
from
therecn
unpaid
profits,
Total
Divs.
$186,150
686,552
income
Refunds
1,800
28,768
■
21,167/:
'
Net
-
Undivided
*.
17,143
/'/••.
'
V
which
corporation, whether voluntary or involuntary, the holders of
ferred stock shall be entitled to receive out of the assets
S3,500,000
needs ./.war
$222,369
14,367
income
Total
tOper.
tinuing strong
had
obtained
Christopher reported/ his
657
'
Trustees'- fees
arrangements
companies."
known
$233,839
4,290
$257,177 y
only
py?-
Totals
Now
up
Vin
■
1941b"
,
to $30,000,000
any
time between
now and
Dec. 31,
Arrangements call for interest at 2J/2%, under terms similar to
Us
V ./
"
1943
1944
forythe year as being
consolidation
no
,
Mr^
;li
to indicate profits
he said.
* •
report showed that the company's post-war reserve for contingencies and adjustments had increased to $3,500,000.
y--y.'J
"An eye to the future dictated the start of this reserve in 1942,"
/said Mr. Christopher. "'Problems of reconversion and other costs of
getting back to our peacetime business of manufacturing and mer¬
chandising motor cars made it wise to anticipate such needs.
■'//;h"As further insurance of adequate working capital for this purpose,
Packard has entered into a credit agreement with its banks to loan
for construction,-etc.,.$3,780;
earned. surplus,
1943,"
;
The
long-term debt,
vances
the reason
greater output of Rolls-Royce
69%
"A
(less / reserve ; for ; $1,975),
receivable
notes
utility
accrued
$71,590;
.1892
common
per
amount
aircraft and Packard marine
engines combined to increase our dollar volume 44% for 1944's first
half," continued the Packard President.
"Business done was $231,117,176 compared to $160,622,308 last year."
.
$7,601,604;
outlook
to
comparable
cost, $1,650;
at ;cash redemption
ties,
$237,602
$96,050
;
■*•*>Balance Sheet, Jane 30/ 1944
v *■<■>■,"
■
merger
and Pathe
will merge
will be the
payment date next preceding the date of issue of the
such stock in question, unless such date of issue
on
■
reduced fees on certain contracts" is
given by George T. Christopher, Packard President and General Man¬
ager, for the. modest profit increase on /a j hilling nearly half again
as
large as last year's six-month total.
,
"
"Recent contract amendments and revised shipping schedules cause
the' present
x;
of
defined)
report for the six months ended June 30, 1944, shows; Pack¬
six-month volume of war goods this year ran 44%higher in
140,100
taxes
"
194.4
'
Net. earnings
corporation,
^
Ohio
an
.
classified
dividend-payment date,
;
53,782
85,602
-
taxes
-Earnings-
(& Subs.)
depreciation, etc.
Crl,440
32,642
55,077
——————
^Provision for depreciation
of
and no more, payable quarterly on the first day
of each January,
April, July and October.
Such dividends on pre¬
ferred stock shall be cumulative from and after the quarterly dividend-
§$2,151,737 §$1,974,489 "$3,966,151 •$1,251,694
$0.14
$0.13
$0.26 :
$0,08
but before provision for Federal excess
profits taxes. tOn 15,000,000 shares of no par common stock.
SAfter charges and provision of $9,936,000 for Federal income and
excess
profits taxes in 1944 and $9,913,411 in 1943, also after esti¬
mated provision for renegotiation in both periods.
(
fEarnlngs per share
6After charges and
.Operating .revenues
Operation General expenses charged to construction
Inc.,
cumulative
4%
funds
of
taxes,
/.;*
12 Months Ended June 30—
'
6 Mos. End. June 30-—
t
Net
common
570,
p.
agreement
of
authority to
and
of
share
-
Packard Motor Car Co.
has applied to the Ohio State Public Utilities Com¬
issue $30,962,000 first mortgage, 2Vzc/e bonds,
The company
an
receive, when and as declared
alwaye
companies in exact alphabetical
are always as near alphabetical
121.
$10,000,009 -2Vi%- notes,
approved
preferred stock, issue fractional scrip certificates in bearer form,
with such provisions as shall be approved by the board of directors
of the merged corporation.
\
'""/•'/• /'.. .1
'
The holders of the new 4%
preferred stock shall" be entitled to
However, they
position
26
or
,
6tocks.—V.
2420.
pursuant to the foregoing, the merged corporation will
ering certificates representing fractions of shares of
19.240.963
20,617,040
3,503.428
-
Ohio Edison Co.—^New Financing Proposed—
V
p.
Inc.—Merger Ratified—
corporation
be
the event that
shares
•
Co.—Merger—
District Electric Co., above.—V.
Empire
$5,649,543 $35,440,935 $32,853,602
•
shall
share
$470,353
$429,311
$229,348.
$218,919
Ozark Utilities
.
See
mission for
below.—V. 159,
agreement provides that the authorized
shall receive
bank
;
-V, 160, p. 570.
$35,485,309 $32,881,485;
44,374
'
27,883
$5,657,314
$6,005,764
rev._
Net
"
1944r—Month—1943
Period.Endi June 30Operating revenues 1_
Uncollectible riper.
p.
(Ohio)—Merger Approved—
Inc.,
June
on
Industries,
merger
continuing
In
.160,
1943 and 1944
/'/.
excess
capital stock of
shares/of which 200,000?
par $5 each,
and 50,000
of such shares shall be classified as 4%
cumulative preferred stock,
par $100 each, of which 100,000 shares of common stock and 20,000
//shares of preferred stock will be outstanding.
/ / All
the present holders of stock of Pathe Industries, Inc.,
shall
continue to hold the same certificates of stock which they now hold;
and such certificates shall represent a like number of shares of the
common stock and preferred stock of the merged corporation.
* v
Each holder of one share of common stock of Pathe Laboratories,
Inc. (N. J.), upon the surrender of the certificate therefor at the office
of the Central National Bank of Cleveland, 308 Euclid Ave., Cleveland,
Ohio, shall receive 6.1178 shares of common stock and 1,2235 shares
of 4%
cumulative
preferred stock of said
continuing corporation.
Each holder of one share of common stock of Pathe Laboratories, Inc.
(of California), upon surrender of the certificate therefor at the same
the
l"J Oxford Paper Co. (& Subs.)—Earnings—
1944—6 Mar.—1943
-
$89,350115'
,(
income'
t
A.
S.
Laboratories,
stockholders
The
.
See Interstate Power Co.-—V,
'
—V.
'
U.
the
continuing corporation.
jOtter Tail Power Co.-—Proposed Acquisition;
v
1944*-Month^l943 *"
-
Operating revenues-.:..^ & $101,242«
Uncollectible oper. rev.i
Net
above,
for
Pi.the
shares
Ohio .Associated Telephone Co.—Earnings—
income
year
prices on sales to the U. S. Government in the
noted
/whereby Pathe Laboratories,,Inc., a New Jersey corporation,
Laboratories, Inc. (of California), a California corporatioh,
into
•
Amount
proceeds^'of said sale to purchase Central States'
the
.-"Iowa-Minnesota
Net
$7,099,963
$1.45
was
Pathe Laboratories,
,
i
$3,849,900
$0.79
required in renegotiation of war contracts
1942.
Company anticipates no adjustment of
profits
calendar
$7,227,621
$1.48
'
$9,916,137
post-war readjust. & contingencies
.
.
share-
500,000
>
—
$3,702,324
$0.76
_________
of
9,025,750
;
'
:
Pathe Industries, Inc.
544,157
deductions—.-..
income, surtax & exc. prof,
refund --(.estimated
Reserves for
cash,, subject to certain adjustments to the date of sale.
.
values—
10,194,384
500,000
4,840,616
•.
profits tax' for the six-month
period
in
1944 is
approximately $2,500,000
compared with about
$2,300,000 for the corresponding 1943 period.—V, 159, p. 2012.
$9,371,980
$1,295,920
Miscellaneous
Co., a non¬
erties.; involved are operated in the counties of Cass, Beltram, Clear¬
water, Clay, Norman, Polk, Red Lake;- Marshall, Kittson,'and. Roseau,
in the State of Minnesota.
Interstate proposes to utilize, approximately
of
decline
com.
Provision
3,569,637
$5,552,171
___
the
periods
•
'
1943
1944
4,041,716
per
refund
No
j/y 613,837
operating profit^—,
Other
June
Earns,
$8,980,050 $12,941,617
operations_l__________^____
profit" from
Selling,
profit
35,452,485
v;
Gross
Net
$29,984,731
Statement of .Income for Six Months
■'//'//v
1943
;;
,[ 38,959,080
completed/_//__i_____
r',: Billings
1944
.
/
-
5,135,000
_____
inventory
$50,880,442
.
post-war
___
poss.
$17,922,005 $16,625,713
.
al¬
after
for
refunds
in
Orders, booked
.
$2,750,000
taxes,
lowing
$11,403,633
v
6 Months Ended June 30—
.
$8,543,274 $17,662,030 $16,316,131
147,242
259,975
309.582
$8,837,324. . $8,690,516
Prov. for est. inc. & exc.
Otis Elevator Co.—Earnings—- fi
affiliated public utility company, proposes to buy, Interstate's electric
arid water properties and other assets pertinent thereto, known-as
In
income
Total
55,679
94,052
$11,707,993
___
159, p. 939.
.Orders
__
9,270
47,739
!.vJ. 94,052
Prov.. for
;
1944—12 Mos.—1943
1944—6 Mos.-^1943
$8,706,977
130,347
oper.—
income
aspects
(4 > Interstate
v
from
Other
prof,
-V.
by
Period End June 30—
686,552
'Wr^taxes.-Liii^u;-:irrii—--^.^.^2--
.
.
Co.,
Profit
5,567,350
697,283
.
.
Parke, Davis & Co, (& Subs.)—Earnings—
;
$5,000,000
5,859,649
credits
.
Provision.
of Central States'!- plan) pursuant to Section
18(f) of the Act, to enforce and carry out the terms and provisions
of such separate proposal or plan:'
-V /''* ,f
other
arising from restatement of cap. shares
profits.<^»w--il»L---.-.-,'-,/,ri---'««/-
Dividend payable
requests the Commission to approve the transac¬
tions proposed in said amendment to its plan as a separate preposal
or
plan under. Section 11 (e) of the Act,)and- then to apply :to the
U. S., District Court for the District of Delaware (which has previously.;;
Central States
approved
of
1953
Commission/ 7'/V;/;/// •-^'■///■:'/''///
J
(3
/ v
$5,000,000
Undivided
to apply a portion of the proceeds of
discharge all of its then outstanding first mort¬
to
;*';///'//%./•!/:' W/'"'/'-'V1 "Vv,/'
Qapital. shares.
7
1
.
been
transfers
$11,707,993 $11,403,633
,•/. Liabilities—
proposes
and first lien gold bonds, 5%% series, due
principal amount outstanding as of July 1,
has
208,959
in
investments.-
,
authorized the listing of 810,090
of which are issued and out¬
all
par),
(no
New York.
The Corporation Trust Co., Jersey City, N. J.,
appointed as an additional transfer agent with respect to
Missouri-Kansas Pipe Line Co., pursuant to its "plan,"
the 531,638 shares of common stock owned by it.—V. 159, p. 2420.
Trust
313,100
Cash
Power Co; proposes to buy the remaining
gage
York.
$9,900,256
947,500
stock
common
Registrar of the common stock is the New York Trust Co., New
The transfer agent for the common stock is Chemical Bank &
The
Dec. 31/43
33,818
other
and
; t
of
standing.
Sheet
33,818
Vpr (2) Central States proposes
the
Balance
capital
note
to sell and Inter¬
physical properties, and
other-assets pertinent thereto, of Central States,^ known as its "IowaMinnesota properties," for a base price of $2,750,000 in cash, subject to
certain adjustments to the date of sale.
The properties involved con-,
sist primarily of electric generation, transmission, and distribution sys¬
tems operates in northern Iowa and southern Minnesota.
Central States Power & Light Corp.
(1)
v
state
of
Demand
Ogden Corp.'s plan for the liquidation of Central States
Corp.'and Central States Power & Light Corp., the Securities
Commission announced Aug. 7.
••••!.= '.•
/The transactions proposed may be summarized as follows:
r
shares
-Listing of Common
'
The New York Stock Exchhange has
shares
june 30,'44
in
Panhandle Eastern Pipe Line Co.-
.
Stock—
,
stocks of bks. $10,132,612
Investment in 20,000 shares of capital stock—
992,500
U. S. obligations_______—;—1—___________
__/
413,200
Exchange
and
:
.v
"Vi,.1,
.
Investments
further
Utilities
/
Assets—
v.;
consolidated hearing will be held Aug. ,17 to consider transactions
A
-
shares."
"r
(Continued from page 632)
The difference between the
constituent banks and
the
the earnings of those banks applicable to the holdings of the Associates
is reflected in the account "balance arising from restatement of cap¬
Investment
:
f*
667
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4307
160
:
of
sale
or not earned or declared.
No merger or
corporation with or into another corporation, or
corporation, shall for the purposes of this
whether
the
of
the assets of the
paragraph be deemed to be a liquidation, dissolution, or winding up of
the corporation.
All or any number of the
shares of 4% preferred stock may be
redeemed at any time or from time to time at the option of the corpo¬
ration
by the payment in cash for each
share of such stock so
redeemed of $105 and dividends on 30 days' notice.
preferred stock remains outstanding there
of stock ranking prior to. or on a parity
payment of dividends or upon dissolution,
liquidation or winding up of the corporation, nor shall the authorized
number of shares of preferred stock be increased, unless the creation
of such class of stock or the authorization of such increased number
of shares of preferred stock shall be authorized by the affirmative
vote of the holders of 66%%
of all of the shares of preferred stock
then outstanding, voting as a class at a meeting of which notice shall
have been given to the holders of preferred stock.
The corporation shall not issue more than "5,000 shares of preferred
stock unless either (a) the earnings of the corporation available for
the payment of dividends on the preferred stock for the 12 months
immediately preceding such issuance shall have been not less than
12%
of the aggregate par amount of preferred stock which shall be
outstanding after the issuance of such additional shares; or (b) the
issuance of such shares of preferred stock in excess of 25,00n shares
shall be authorized by the affirmative vote of the holders of 66%% of
all of the shares of preferred stock then outstanding voting as a class
At a meeting of which notice shall have been given to the holders of
So
long as any of the 4%
shall not be created any class
with,
the preferred stock in
"
preferred stock.
In
the
event
default
of
by
the
corporation
in
the payment of six
dividesds and during the continuance of such default the
preferred stock shall be entitled, voting as a class, to elect
two directors of the corporation.
In the event of a merger or con¬
solidation of the corporation with Qr into another corporation, cr the
sale of substantially all of the assets of the corporation, the holders*-.!
quarterly
holders
of
of
preferred stock shall be entitled to
upon and with respect to the
sal of assets, as the case may be.
thereof
or
Pathe Industries.
1935,
under
the
incorporated on or about Sept. ✓ 8,
Midamerica Corp; name changed to The
Inc. (Ohio), was
name
of
exercise one vote for each share
proposed merger, consolidation,
ronww.w.wwm
668
THE COMMERCIAL & FINANCIAL CHRONICLE
■;-
,■;.
Monday, August 14, 1944
'
*
'.", 'I
Shaker Heights Realty Co.
&
Terminal
1937, and again
Inc., and finally changed
;
^
May 21.
on
1943. to PRC Pictures,
to Pathe'Industries. Inc.. on June 3. 1944.
Nov. 27.
changed on
:
/
——
-
'
:
Cash
receivable
Accounts
receivable
Notes
^Inventories
$4,078
e9I'?S2
;
4119272ft
J51.944
U0.127
18,370
T 122,728
525,108
—
--—-------
—
——
_—
18370
'Total
5275,000
52,531,770
||
———
Liabilities—
-
<
'
>s,
7%
725
o'nan
*8,857
63.105
21,727
l0;8bJ
'
------
15,283
($100
v
this
;L' $2,531,770
__
Operating
$576,576
•
expenses
taxes
Other
taxes
Prop.
ret.
Amort,
due
150.457
1,846,522
3,585,000
3,490,000
Other
income
(net)___
34,508
64,283
3,405
4,848
Income
Interest
charges
445,303
471,524
$456,044
$5,616,529
3,837.992
3.841.151
income
$403,996
■
.■"
,
-1943
1944—6 MOS.-
Maint.
and struc.
equip
of
13,741,760
1,013,912
94,859,321
28,932,937
196,133,989
1,229,831
7,938,611
1,380,303
1,179,135
1,061,750
General
expenses
fr.
Net rev.
>/
Railway
Agreement!
130,664.797
59,688,000
6,449,762
6,951,241
895,362
686,857
5,327,360
10,307,074
9,426,471
51,092,672
199,381
1,155,762
which
in
steel
which the top and
and the manner in
container
battery
unit
160.
fit
made
is
factory-trained experts
inspectors, Mr. Heinritz
Philco
by
Philco
of
factory
470.
p.
sales,
1944—12 Mos.—1943 "
1944—3 Mos.—1943
oper.
.
and
deprec.
1,004,102
of debt disct-
S.
and
interests in
Earns,
53
$411,069
$2.35
$1.17
share__
I
,
.
155
.
-
.
,
1.014.C50
138,130
201
159,796
47
$821,512
;
.
.
pfd.
per
—V, 160,
1,368,146
sub.
profit
T
19,802
;'i\
..
.
2,019.226;
,136,013
685.017,
3,998,069
4,094,806
-
,
Canada
49,820
Minor,
Net
915.894
taxes—
$2,077,745
$2,265,542
T"
$6.48
$5.94
50.
p.
60,217,838
152,874
ry. oper. income.
facil. rents—Dr bal.
corporation's
the
of
explosion hazard exists.
construction of the container
or
State
4,190,781
Net
Jt.
charge
etc.,
oper.,
of
U.
6,037,896
bal.
the
out.—V.
amort,
,
5,573,156
1,010,055
taxes
of
Prov. for income
64,759,174
932,217
in
handling in Government depots and manufacuring
heavy
supervision
Depletion,
142,146,991
13,809,284
taxes
rents—Dr
Equip,
accounts receivable, $703,428; notes receiv¬
able and accrued interest, $200,786; securities at market values, $396,584"
inventories
$849,281; investments in subsidiary ccs., $197,933;
lixed assets, $1,457,539; patents,
trademarks and goodwill, $100,000;
other assets and deferred charges, $359,335; sinking fund—seven-year
notes—cash and payment due June 1, 1944, $12,733; total, $4,559,015. >
$281,395;
26,064.265
1,080,126
1,170,149
opers.
__
insur.
retir.
Railroad
25,721,585
12,161,000
ry.
taxes
Unemploy.
the
inc.__ $14,671,222 $12,115,632 $58,784,757 $52,886,570
and
>
*
general exp., etc
12,067,238
10,563,783
50,029,047
45,324,674
Int. on long term debt.
43,481,
69,018
216,187
333,701
7 ,229,789
7 919,494
8,752,991
Vice-President
itself is assembled,
the
Sales,
5 ,664,719
175 ,114,720
15,835,755
Transportation
Misc. operations
the
complete
Cost
81 ,074,177
6.202,829
31,614,653
1,340,784
Traffic
battery which the Navy
Philco Storage Battery
storage
with
production for urgent war uses, is announced
Period End. June 30—
*
Maint. of way
Storage
Pittsburgh Coal Co.—Earnings—
80,537,558 502,505,257 469 ,152,169
8,375,718
57,951,719
50 ,008,879
87,134,485
10,179,655
revs
oper.
worked
and
mass
fire
any
of
parts
pointed
RR. ).
1944—Month—1943
Period End. June 30—
Industries, Inc., as of Feb. 29, 1944
[After Giving Effect to Proposed Merger
where
battery
the
Pennsylvania KK. Regional System- -Earnings—
Railway
122.
p.
Explosion-Proof
Battery Division.
It has been predicted that use of this new
battery in electric industrial trucks will revolutionize current
under
.
160,
together, the component parts and
cells of the battery are shipped to the subcontractor manufacuring the
container, the A. B. Farquhar Co. of York, Pa. Here final assembly of
$5,963,880
applic. to preferred stocks for the period
Net
surplus,
explosion-proof
an
Heinritz,
W.
of
the
—V. 160. p. 228.
$697,992; accrued interest payable.
$11,678; security deposits, $16,105;
stock (14,051 shares of no par
value), $14,051; surplus, $963,564; total, $2,165,851.
>
Note—Subsequent to Feb. 29,
1944, authorized capital stock was
changed to 50.000 shares of preferred stock, $100 par value, and
200 000 shares common stock. $5 par value.
Of this total, 6,804.1104
shares of preferred stock have been issued and 34,020.5501 shares of
common stock have been issued in exchange for the capital stock then
-
M.
bottom
Divs,
of
designed
to put into
Because
5,450,177
5,629,000
other
$23,146;
deposits,
outstanding funded debt, $793,051;
$1,444,556;
corporate
surplus,.
on
Develops
—
methods of material
$901,347 $11,245,529 $11,414,057
$875,520
(others),
Balance Sheet of Pathe
by
type
plants
Gross
com¬
extension deposits, $282,168; accrued
$6,375; other aecrued liabilities, $21,-
Main
$32,832,425.—V.
Corp.
Development
$897,942 $11,181,246 $11,379,549
$870,672
total,
Department
14,472
:
______
'r
stock,
capital
$3,200,000;
consumers'
$150,0000;
$23,553;
premium
$3,988,871;
capital
Division
revenues
T;
,
receivable,
Battery-
2,070,984
235,833
15)44.
30,
cash,
preferred,
unamortized
Philco
limited-term
oper.
6-30-4.5.
to
liabilities,
Storage
(banks),
payable
notes
prior
current
6,996,513
138,993
stock,
taxes, $498,267; accrued interest,
24.087,989
311,667
approp.
June
of
as
$2,500,000; first mortgage bonds. 3'/4% series, due 1971, $16,serial notes due subsequent to 6-30-45, $900,000; serial notes
$2,626,267;
7,353,613
Sheet
$29,034,707;
$1,567,617;'accounts
Liabilities—Capital
mon,
reserves,
26,624,840
Balance
capital,
securities.
1944—12 Mos.—1943
•2,050,653
515,104
$801,579
375,000:
in exchange
capital stock
365.
Pennsylvania
•104,139
,
$32,832,425.
new
(Excludes L, I. RR. and B. & E
$65,590;
payable,
payable
outstanding.
i
_l
res.
of
Net
accrued expenses and taxes,
deferred income, $18,301;
common
Assets—Cash,
to
$713,820
,
$1,190,273; U. S. Govern¬
$155,152; materials
and supplies. $117,393; other current assets, $184,996;
prepayments.
$29,395; special deposits, $195; unamortized discount, expense and call
premium on retired bonds, $383,721", unamortized expense on outstand¬
ing
funded
debt,
$156,009;
undistributed
debits,
$12,967;
total
$3,899,989 $50,591,221 $48,039,507
528,651
$2,165,851.
"
issued
$4,101,088
2,251,105
...
investments
$2,890;
Pro-Forma
be
T ' 9,466
$731,254
divs.
for
257,66(5
538,734
399,218
553.884
amortization.
,
Petersburg
the
1944—Month—1943
revenues ;i__
other assets and deferred charges,
and amortization), $252,273;
Liabilities—Accounts
notes
of
of
expenses
would
Period End. June 30—
$133,333; notes and accounts receivable, $233,818:
accrued rents and interest areJeivablc, $5,572;
securities at market
values (Including $339,964.27 pledged as collateral for bank loans total¬
ing $80000) $396,584; inventories (at cost or market, whichever is
lower)
'materials and supplies, $25,823; cost of released productions
(less amortization of $053,139) (pledged to secure bank loans of $295.680); investments in subsidiary companies, $451,488; land, buildings,
furniture and fixtures, automobile, leasehold improvements (less depre¬
$375,680;
shares
Operating
Inc., as of Feb. 29, 1944
Pathe Industries,
of
Sheet
total.
the
pay
1.062,690
543,315
Cr23,674
available
$2,764,808
.
552,525
Assets—Fixed
ment
first
170:
Assets—Cash.
$13,817;
all
redeem
to
2XU%
cumulative preferred stock, consisting of 1,493
share;
35,000
Federal
cation
used
$200,000
issue
Pennsylvania Power & Light Co.-—Earnings—
J***
Total
.t
be
would
would
1942
,
)
1,087,664
;.
r
1,113,976
taxes___
deductions
•Includes
'■'■-tv;/:'.:
corporation.
a
Hopewell
par)
per
local
property
for 5,500 shares of the company's $100 par value common
held by Pennsylvania.—V. 154, p.
1269; V. 155, p.
1*Represented by 10,720 no par shares.
tRepresented by 17,564 no
car shares.
JAt cost or market, whichever is lower.
?Of New Jersey
company and
wholly-owned subsidiaries.
HAfter expenses <**}d taxes.
♦•Accrued expenses only.
ft$107,106 assigned as collateral for notes
payable.
tt$4,835 pledged as collateral for notes payable.
8 {[Estimated
for purpose of determining exchange values In proposed merger.
Balance
gas
&
,■...',
re-.
charges
Balance
Petersburg
to
now
&J.SUU
gjgS —
'
assign
Other
and
depreciation___^__.
or
and
Fed.
1943
$2,764,055
$2,917,397
maintenance
tirement
Interest
------
second mortgage notes—------
income
seven-year
would
Operation,
All
1944
revenues______lJ_:
and real estate, as well as its fran¬
to the community of Hopewell but would retain its
its
of
be
to
$105
Of
Xi'non
141.100
Gross
& Hopewell's
shares,
bonds, and devote
the balance for extension and improvement of facilities.
% Petersburg and Hopewell would then amend its charter to provide for
a single
class of common stock consisting of 55,000 shares ($10 par).
63 105
46. '25
Accounts
serve
Proceeds
v
6%
T at
nnn'
Ss
payable _———
payable
——Accrued expenses and taxes——
Reserve for war bonds
—
Estimated reserve for Federal income tax—.—
Reserve for sinking fund payment—.——
Notes
Deferred
■
Philadelphia Suburban Water Co.—Earnings—
Pro¬
Changes
mortgage
bonds due 1969 to be sold privately for cash to John Hancock MutuaJ
Life Insurance Co.
;
$576,576
'
/■'
,■
—
12 Months Ended June 30—
Dominion
Old
dissolution
all
Petersburg
------
:
to
franchise
Sinking
its
to
Hopewell
chise
§? 164,218
100,000
trade-marks and good will ______
..fund account—
Estimated net value of pending litigation——
Other assets and deferred charges
"
Corp.
*
corporation recently
Prior
&
Patents,
■
asked the Securities and Exchange Com¬
mission's approval of a series of transactions leading to the liquida¬
tion and dissolution of Old Dominion Gas & Electric Corp.
As owner of all the outstanding capital stock of Old Dominion and
all the outstanding common capital stock of Petersburg & Hopewell
(Va.) Gas Co., Pennsylvania proposes to donate Old Dominion's 5,000
shares ($10 par)
capital stock and an open account indebtedness of
$132,000 to Petersburg & Hopewell.
Calif. CO.
-
$136,484
deposits——
cash
Special
5N. J. Co.
.
'■
.
The
.
Laboratories, Inc., as of Feb. 29, 1944
Sheet of Pathe
Balance
'«
posed
Electric
Gas .&
Pennsylvania
c
(The) Pittston Co.—Adds To Its Holdings—
—V. 160, p. 570.
is
It
that
reported
this
has
company
purchased,
investment,
for
80,798 shares of .common stock of Clinchfield Coal Corp.—V. 160, p, 51.
*"
Pennsylvania Water & Power Co. (& Sub.)—Earnings
$778,570;
interest—banks,
accrued
and
payable
Liabilities—Notes
payable—others, $137,248; accounts payable, $118,632; accrued
and taxes, $72,820; other current liabilities, $36,059; estimated
reserve
for Federal income tax, $162,827; first mortgage on building
notes
6 Months Ended June 30—
expenses
Maintenance
liabil¬
ities,
t$13,615; seven-year 7%
sinking fund 2nd mortgage notes,
$35,500; deferred income, $33,584; preferred shares ($100 par), $2,000,000;
common
shares
($5 par),
$500,000; surplus, $670,161;
total,
bank loan (less amount included in other current
and long-term
Power
purch.
Other
Assistant
elected
"was
elected
In Bolivia.—V.
resident
director,
a
Other
board of directors on July 17 Rafael Narvaez
Treasurer,
and Alberto Mariaca Pando was
the
159,
—V.
in
carried
passengers
branches
revenue-producing
PCA,
of
substantial
with
being
increases
reported in passenger miles, mail and air express.
the
During
carried
half
first
PCA
by
the
of
.
compared
as
with
months
six
of
up
a
against
as
21,645,739
in
July
total of 31.932,392
the
.
return
the
to
airline
several
of
of
its
reactivation of certain routes suspended
shortly after Pearl Harbor.
This has made possible additional service
to virtually every city served by PCA.
l-l
1T-T T
duty
made
has
possible
R.
L.
Treasurer.
as
in
succeed
of
'
.".j1
'
■
tons
447,724
that
$1,058,735
William
of
office
J.
E.
ated
all
long
been
died
who
Secretary
of
and
Federal
with
associated
of
U.
1942
$1,439,114
Other
r
Electric
to construct.
358,906
625,519'
571,632
asked
has
Co.
sale
of
Crl,528
World Air Routes
Proposed—
that
Crl0,0l2
3,..60,066
120,965
.95,888
78,774
117,229
tax
the
bonds
such
of
$25,000
7,584
11,051
T
600
$330,151
$230,133
6,256
7,741
$438,815
$337,893
154,885
155,140
155,232
expense..9,878
and ether deductions-,
10,007
9,879
9,879
7,896
the
Associated
stock
$238,029
T
The
air routes radiating
t-'World
from Washington, New York and Chicago
Spain, France, Africa, China, India and
Japan were proposed to the Civil Aeronautics Board on July 31 in
apDlications filed by this corporation.
Finland,
to-Russia.
These
lantic
were
embodied
in
Scandinavian
to
to
Atlantic
'Alaska,
Sweden,
in
points
predicated
three
points and
Africa,
on
proposals;
and
pattern
a
one
Moscow;
another
North
the
across
At¬
the South
across
of
Bedell Monro,
The
President, in filing his company's application.'
York
to
Moscow
seaboard
to
Newfoundland
land
be
and
i
New
to
extended
Moscow, Teheran
to
route
Oslo,
ar.d
is
proposed
or
Labrador.
Stockholm
Basra.
and
points
from
Greenland
Helsinki
originate in Washington and New York and stretch
Juan, Trinidad, Paramaribo,
Belem,
Natal to
base
proposal
cities
of
Portsmouth
at Dec.
the
Far
to
across
the
Dakar,
seas
to
Trinidad,
East
embraces
a
between
route
the
4:
Mr.
Monro
a-logical
>to
V.
which
160.
p.
Paramushiru,
emphasized
pattern
our-
to
proposes
by issuing and
$510,000
price
a
T
A
also
the
acquire
to
proposes
latter's
holdings of
Utility Service Corp., for
dollar,—V.
159, p. 2455.
'
quarterly
'v
common
this
of
stock
'.
490
.
from
The
of
shares
of
60
cents
yi,: ;
share
per
Ports¬
common
cash consideration
total
a
has
£'
declared
been
on
$5, payable Sept. 1 to holders of record Aug.. 15.
compares with 50 cents per share paid on April
1 and July 1,
year, and on April 1, July 1, Sept. 30 and Dec. 24, 1943.—V. 158,
stock,
capital
p.
dividend
the
reduction
'
Atlantic
"J,
and
cash,
for
of
amount
principal
described,
the purchasers to
to be paid for the
;
Co.
of
all
the
above
as
par
'
1537.
,
Effect
Hopewell
&
Acquisition
Gas
Co.—Private
of Properties—See
Financing
Pennsylvania
12 Months Ended June 30—
revenue
Operating
expenses
$"a^es,
The
directors
Aug. 3 declared
on
non-cumulative
$4
Aug.
cn
15
Oct.
At
1
of
second
and Dec.
same
$1.50
last,
18.
time,
the
share
a
Aug. 4.
of $2 per share on the
stock,
no
par
value,
payable
similar distribution was made
and
on
directors
the $6
A
Oct.
l
and Dec.
declared
the
21,
on
usual
income
1,648,200
2,839,191
2,604,503
2,212,674
$5,264,047
$5,293,887
^
for-depreciation
'^'Net' operating
quarterly divi¬
Gross
1,078.169
1,605,989
2,504,860
taxes.
taxes
Provision
first
preferred stock, no par value,
payable Oct. 2 to holders of record Sept. 20.—V.. 159, p. 2013.
per
income
for
Non-bperating
1942.
8.809,679
1,296,918
than
other
Provision
dividend
preferred
to holders of record
the
9,666,790
:
Maintenance
Philadelphia Dairy Products Co., Inc.—Dividends—
1943
1944
$22,943,106 $21,881,801
Operating
revenue_^______
•
29,797
19,518
$5,293,844
$5,313,405
revenue
income
Deductions
1,311,316
1.116,592
$3,982,528
$4,196,813
Chicago. St. Paul and
Minneapolis to Alaska, and
point to an intermediate point in Siberia to Vladivostok,
Mukden, Shanghai, Hongkong, Hanoi. Calcutta; a leg from Mukden
to Peiping and Chungking and ai> alternate routing from Alaska to
Kiska,
Co.
1943)
2525.
Petersburg
to
Leningrad
that
•tfnalaska,
41,973
Gas
31,
Potomac Electric Power Co.—Earnings—
dend
to
$60,941
41 982
our
burg and Cape Town
PCA
$163,898
41,982
Ice¬
Casablanca. Tangier, Madrid and Paris.
And an alternate rn"t,e from
Dakar to Monrovia, Lagos or Accra, Brazzaville, Johannes¬
The
159.
shares
Gas Co. to A. L.
a
base price of
account indebtedness to Associated
entitle
purchase
them.
Electric
Co.
Gas
of
one
This
Gas & Electric Corp.
on
and
Natal,.and
from
11,977
$264,044
p.
8^976
dividends
Another transatlantic airlane would
Ban
American
&
income
Net
Preferred
—V.
third route to the Far East via
for international air transportation
Eastern
•
long-term debt
Miscell. int.
Exchange
and
stock—4,000
Potash Co. of America—Increases Dividend—
a
recently advocated by the Civil Aeronautics Board, it was explained by
C
;
of debt disct.
Amort,
Securities
the
outstanding
The agreement of sale also provides
Co.
issued
option shall
being acquired by
in
Electric
be
to
notes
or
75,929
$432,559
—
Associated
from
ing
94,630
~
sale,
$1,070 000
account indebtedness.
-
on
.
,
purchasers. Klees and Shaw, shall have the option of acquir¬
exercise
121,350
v
94,016
income
Interest
;
•,
■
to donate to The Portsmouth Gas Co. the balance
proposes
of such open
41,780
.
121,435
income__l
income
industrial
complete
-
,
,
Gross
of
delivering in payment therefor $510,000 of new 20-year first mortgage
bonds or notes, to bear interest at the rate of 4%;
and Associated
323,534
858
such
its present open
amount of
(in the
542,884
»
with
$510,000 of
Electric Co.
£48,122.
earnings
^£T;-'T ■%
r
six. the: number
approval of the
connection
mouth
the
to
value common—of the Portsmouth (Ohio)
and
George Shaw, Long Island, N. Y., for
refund
1943
depreciation_________
income
Net
T.:);-£v
brings
.
Electric
384,733
on
-l; -:.
one
no-par
Klees
the
$1,608,134
taxes
taxes
manufacturers of pressure and alloy
■.
Fort Pitt is
1906,
Commission's
on
J.
1944
________
lor
in
Pa.,
■■
••
Associated
The
Jr.,
$1,831,542
KL
Maintenance
General
was
$100,000.
company
Provision
payment
T
announced the purchase of Fort Pitt Steel
Aug. 2
on
of McKeesport,
Co.,
228.
P.
purchased jrM: allifi-
Gen. expenses charged
similar
a
159, p. 2122.
operated by Porter in the manufacture; of: process equipment,
locomotives,
freight cars, pumps, and ordnance material.—Y; 160^
$1,074,345
$2.37
Eichhorn,
H.
O'Connor,
Assistant
as
Theyl have
Operation
18.
Portsmouth Gas Co.—Parent to Sell Control—
election
Bortner
revenues
gas
since
distribution
dividend of
stock, par
cash
common
Aug.
plants
________
$2.33
Years Ended June 30—
Natural
the
Porter Co., Inc., Pittsburgh, Pa.—Acquisition
products..:'. TT.T''':'
This acquisition
Peoples WaterGas Co.—Earnings—
Operating
quarterly
on
of record
of the largest single units in the
producing electric steel castings, having a capacity of 1,500
per
month.
It has made a specialty of high-test alloy steel
.1)
570.
160. p.
usual
declared
holders
country
special war
from
planes
' '
—
the
announces
to
last;
company.—V.
State
336,473,934.
was
The
19
Diehl
..
miles
,\is
to
1942.—V.
castings.
In
first half of 1943, an
Increase cf 48%
'
T".
^
V
PCA flew a total of 587,450,718 mail pound-miles for the six-month
period, representing an increase of 126,089,248 mail pound-miles for
the airline.
'■£'
'
I-\
In the air express field a 10%
increase was shown in cargo carried,
with 371,725,189 express pound-miles flown by
the company for the
period just ended, while the 1943 first-half total in express poundpassenger-miles,
■
453,578 :•"
>
been
28
stock
first
company
Founded
$1,512,mu $l.522;069
company
Secretary,
as
a
PCA rolled
1944
'
steel
Changes in Personnel—
<
first
the
In
'
deductions
The
total of 149,621 persons was
99,761 during the same preiod of
year
'
,
the
the
and
have
December,
Casting
*
:
last year.
:
-
i
v.i.L*
v..
■
This
$1,315,598
206,473
209,140 ;
•'
.
Income
Pennsylvania-Central Air¬
on
the first six months of this year, over the corre¬
sponding period in 1943. has been announced by J. J. O'Donovan. Vice¬
-President.
This increase in business was echoed throughout the ether
for
planes
'
dividend
share
(H. K.)
,
218,399
$1,303,173
UEarnings per common share
Increase
49"h
..i—169,021
1
is
In
made
158,684
income
>•>.
Pennsylvania-Central Airlines Corp.—Traffic Gains—
A
285,407
549,410
472,612
Net Income
160, p. 228.
lines
285,931
stock
per
payable Sept.
644,372
taxes__„;
Gross-income^
31—
r 1944^-Month-ll943
1944—7 Mos.—1943
I— $36,795,579 $34,164,758 $267,447,735 $252,463,019
i—
Sales
696,502
both
This
602,532
Cr624,669
expenses
taxes
Other
)•}
Period End. July
604,739
Cr478,601
profits tax
excess
l'/2%
cents
$5,
•
———;
Operating Income
2525.
p.
G.j Penney Co.—July Sales 7.7% Higher—
(J.
Power
(net)
power
A
25
->
from Safe Harbor Water
income
Federal
Plymouth Oil Co.—1^% Stock Distribution—
1943
$3,383,063 *'$3,133,752
■• .171,003
.•;T 142,705.
______
_
Depreciation
f Patino Mines & Enterprises, Inc.—New Director—
meeting of
_
operating
Federal
a
_
__
Corp. •
Interchange
$4,559,015.—V. 159, p. 2420.
At
1944.-
Operating revenues
of
that
Tokyo, Shanghai
and
travel
with
would
those
be
routes
sections
of
enormously
:
J
'■
electric
ended
of 3,163,000
—
;.
output
Aug1.
5,
1
J air-
Philadelphia &
See
for
1944,
kwh.j.or 2.7%
T»
world
expanded
228.
offered
the
Philadelphia Electric
The
week
Hongkong,
these CAB-recommended
communication
commerce
and
Net
Co.—Weekly Output—
the
company
amounted
over
the
to
and
its
-V.
subsidiaries'.'for
121.047,000
kwh.,
j;
Reading Terminal RR.- -Merger-
ReadingTemfifaalow.—V.
152,
pp.
2248,
-
-
A
t'JJ:
^
_
,' Aaaa-.*
:c
v\
;
dividend
stock,
like
sny
.' jJUOJ
V
of .25
$1,
par
amount
1941—V.
1445.
122.-
p.
Pressed Metals of America, Inc.—25-Cent Dividend—
,
same week last year.—V. 160, p. 571.
.
160.
_.
the
an' increase
'
income
159,
i''
cents per share
has bean, declared
on.
the
common
payable Sept. 15 to holders of record Aue. 15,
paid on May 15, last, and on May 15, and Oct.
p.
1389.
"r
was
.
-iff
>*
n-i
^
:t
'■
■
I
'Jb'.Til ••-tft.'-iU
.;v. •':
-
A
1,
Volume 160
Procter & Gamble Co.—Issues
Air
Historical Booklet—
booklet containing a chronological
has just been issued.—V. 159, p. 1801.
.,
illustrated
beautifully
A
history of this company
56-page
The
of
sale
insurance
equaled
over
period of 1943, according to M. A. Linton, Presi¬
force during the half year increased by $22,-
1944
of
six
months
the
corresponding
dent.
first
by this company during the
$43,936,000, an increase of 54.5%
life
new
in
Insurance
"
/
v",
(lapses, surrenders, etc.) amounted to
1.2% per year of all insurance, in force.
$15,127,000 to $450,738,000 during the
of $23,094,000 in U. S. bond holdings
which
now
amount to $147,434,000, or approximately one-third of
the company's assets.—V. 159, p. 2122.
$1,077,824,000.
Net voluntary
terminations
only $6,662,000—at the rate of
Ledger assets increased by
period as against an increase
to
-486,000
,
More
Co. of Indiana, Inc.—Earnings—
Public Service
than
Operating
$15,160,905 $13,850,171 $29,467,795 $26,998,897
5,775,633
5,549,906
11,572,787 10,816,978
a
694,256
571,467
1,438,757
1,169,883
deprec.—
1,409,286
1,385,103
2,724,177
2,717,347
revenues—.
Operation
Maintenance
Provision
-
for
local
State,
miscell.
&
surtax
542,950
1,153,340
752,798
2,221,561
1,723,164
2,049,106
1,430,998
profits tax_
•Charges in lieu of Fed.
2,963,571
—-
3,161,265
-a—-
Fed.
1,183,348
taxes
Fed.
normal
Fed.
«xc.
and
said:
of
pounds
15,300,000
total,--partly
•
for the
express were handled
six months of this year,
air
the first
in
The
-
estimated,
later
a
t
sidiary
15,320,827
was
similar
the
*43
firm,
to
the
mortgage
International
of
holders
Co.
Trust
filed with the Clerk of
prior
mortgage
lien
company,
says:
nection
confirmed
shown
in
Carolina
South
and
England
V.
-
25, 1944.—V.
Excess
Net
Net
1,164,004
1,493,284
91,800
$2,944,266
$5,462,081
$6,012,101
41,082
86,197
71,765
$2,634,432
$2,985,348
$5,548,278
1,250,254
1,613,435
2,652,794
$6,083,867
3,194,261
deductions
$2,889,606
$2,895,485
$1,371,913
$1,384,178
—
Federal income and excess profits taxes,
represent amounts equivalent to additional taxes which would have
been payable if the company did not have the benefit for Federal in¬
come and excess profits tax purposes, of deductions resulting from the
settlement of a long-term lease and from the refinancing of long-term
debt.
Such amounts have been credited to the cost of settlement of
"The
in
charges
long-term
50
debt discount and expense,
ICC
bonds.—V.
ing-fund
160,
p.
General
Subs.)—Earnings
Quaker State Oil Refining Corp. (&
June 30—
Utility
Other
Anti-Trust
of
Inc.—Violation
Net
Cost
$7,777,575 $15,507,551" $14,744,267
$7,390,937
.
its
"has at all times attempted aggressively to develop
exports to British Empire countries and the impor¬
the company declared in its answer, filed
1933,
'
/
Gross
$1,681,967
886,247
$2,245,730
738,140
$4,038,810
1,664,822
$4,187,786
1,445,799
Profit
$795,720
$2,373,988
271,080
$2,741,987
87,525
ton
153,192
$1,507,590
26,652
$948,912
$1,534,242
$2,645,068
$2,829,512
229,801
198,191
480,409
397,045
profit
Sell., gen. '& adm. exps.
—_
income
Total
Depreciation
Federal
Fed.
rate
47,775
175,900
-55,000
366,000
225,585
813,750
1,062,000
118,000
—
$601,992
&
war
conting.
war
Net
18,000
•
__
post-
,
:
25,065
$269,711
$298,626
$563,659
$0.29
profit
$0.32
$0.61
was elected Vice-President and Gen¬
a meeting of the board of directors
appointed General Manager on July 24,
succeeding the late William A.
Winterbottom, who had served as
Vice-President and General Manager since formation of the company
Lt.-Col.
held
H. Mitchell
Thompson
Manager and
eral
a
was
until, his death on July 8.
Colonel Mitchell announced
Traffic
who
served
Mr.
Barsby,
of
,
.
the
promotion
of William H.
.
Barsby to
succeeding the late Vice-President John B. Rostron,
Traffic Manager from 1929 until his death on June 12.
Manager,
as
this
with
service
N.
Robert
corporation
-
of
Supervisor
Kay,
1929, completed 30 years
Manager.—V. 160,
.
V-
•
July 16. 4<r' •" -v
Traffic Operations, who has been
has been named Assistant
fr.
inc.
Gross
Replying
income
342,823
...
income.
77,357,198
of goods sold, etc.
Depreciation
".
Amort, of patents..
67,350,564
61,895,164
1,023,033
946,226
% 206,250
206,250
Total
gross
Cost
...
459,471
482,278
> 8,317,880
surtax.
Excess
tax.....
*5,146,300
2,323,883
4,440,214
^,576,401
for
Balance
*Net
1,520,817
2,863,813
$0.11
$0.21
$0.23
after
dNet
in
1943,
post-war
-
-
p.
332.
1
J
owned
&
Gas
that
in
'
•
-if
country,
'
*
Commission hearing Aug.
Agency, Inc.—Nationwide
Shipments Up 10.7% in June—
Air
shipments
express
service in
June
carried
marked up
an
in
service
A total of 35,855
for
the
nation's
j;::X7X57
combined
air
and
rail express
over June, 1943, the
Express Agency reported
increase of 10.7%
corporation's air express division of Railway
recently.
Air-Rail
shipments were handled in the combined
airlines, the report indicated,
commercial
with 32,395 shipments in the similar 1943 month.
Air-rail shipments for the first six months of this year
compared
to 216,319,
of
13.6%.
amounted
compared with 190,280 in the first half of 1943, an increase
Gross
revenue
of
this
combination
which either
traffic,
is destined to an off-airline point, and therefore
moves part way by rail express,
was 6.3% higher than in the similar
1943 period, it was reported.
Combination air and rail express service for the shipping public
originates
at
or
accomplished through the coordination of schedues which link the
airport cities in the United States and Canada to the 23,000
off-airline offices of Railway
Express Agency.
Approximately 30%
is
350
of
the
all
air
express
traffic
is handled
report
according to
in air-rail service,
;
'
■
2,110
$207,017
-126
___
income
$207,143
__
83,379
deductions
Balance
able
(less
materials
deferred
following
prices
of $3,840),
reserve
*
"
,
'
.
*-
-
stock
,-v"
«
"
1943
274,538
283,958
Corporation——™
Power
Water Corporation
closing.
remaining outstanding $375,000 -of first mortgage
of Sept. 1,
as
Philadelphia. Pa.—V.
NOTE—For
possible
order.
possible.
as
Operating
revenues-
Operating expensesOperating taxes
operating income
Net
income
Net
—V.
Net
,
1,356
7,474
$71,068
,,
on the portion of
as of the end of the
interest
$2,857,521
666
1,724
$569,910
390,305
$546,785
369,652
$2,855,797
1,883.054
96,737
87,636
484,741
$2,706,378
1,805,341
451,351
$82,868
$89,497
$488,002
$449,686
61,376
352,326
312,485
'
Service
1943
taxes
per
$125,970
$125,914
$0.66
——
$0.66
share
1942.—V. 160, p. 332.
;
St. Joseph Lead Co.
'
6 Mos. Ended
June 30—
Net sales
-
of
Cost
1941
•
$65,898
$0.34
$120,734
$0.64
taxes for the quarter
$366,160 in 1943, and
J >
y. :.
:
•
-
taxes "
—
profit from opers.
Net
Other
income
Total
—
income
for
calendar month in which
accrued to such date)
157, p. 902.
Federal
fcin
committee representing the $2 cumulative preferred
subsidiary of New England Power Association,
17,936,225
18,843,132
16,117,333
365,889
398,623
366,102
410,965
72,638
48,606
43,798
$4,965,666
$6,718,972
$4,762,310
Capital stock & miscell.
the principal to be paid
Exchange Commission has granted the requests of
1941.
$21,334,406
48,278
gen. &
adminis¬
trative expenses
Fed.
Co.—SEC Permits Ex¬
1944
>
1943
1942
$25,216,498 $23,373,152 $25,976,812
(excl.
sales
deplet.)—20,647,838
&
depr.
(& Subs.)—Earnings—
Sell.,
exc.
—
deprec—
$4,154,491
•
229,244
31,414
107,651
$5,194,910
577,039
$6,750,386
$4,869,961
433,103
465,479
311,832
$4,466,324
578,809
-
269,355
profits taxes-
normal
432,135
260,612
226,172
589,114
666,736
2,792,492
963,720
842,607
868,372
1,103,294
660,268
Cr58,911
Cr66,902
income
etc.
taxes,
Post-war
tax
Public
1942
1944
.
equivalent cash funds (including interest
deposited with the indenture trustee.—V.
stock of the company, a
$2,709,653
3,275
$547,451
343
Corp.—Earnings—
Depletion
three members of a
1944—5 Mos.—1943
1944—Month—1943
$570,253
Note—Estimated normal and excess profits
ended June 30 amounted to $618,100 in 1944,
Prov.
The Securities and
4r- '
Corp.—Earnings—
___.
Federal
Earnings
option, of furnishing such additional cash to its indenture trustee
be necessary to premit an aggregat pro rata payment of 60%
outstanding principal amount of the said bonds.
It is further
Island
always
alphabetical
profit after deprec.
all charges, incl.
may
Rhode
not
alphabetical
and
the
emptions—
is
160, p. 123.
Rome Cable
29,746
to deposit the net proceeds of the sale of the
estimated at $2,590,000 (after estimated adjustments
prices and allowances for expenses and escrow funds
accrue
it
,
3 Mos. End. June 30—
$32,492
:
proposes
to
reasons
54,651
Operating revenues
Uncollectible oper. rev._
of
cease
mechanical
Rochester Telephone
as
the
2123.
p.
l
securities,
shall
159,
to arrange companies in exact
However, they are always as near
position
provided for as security against contingent liabilities), with the inden¬
ture trustee to be used for pro rata payments on the principal of its
collateral trust bonds outstanding in the principal amount of $4,409,500.
In addition, Republic proposes that it shall have the privilege,
are
1944,
made at the Land Title Bank
Sts..
5% gold
have been called fcr
at 1300 und interest. Payment will be
Trust Co,, trustee, Broad and Chestnuj;
(maturity date extended to March 1, 1951)
bonds
'
',v
44,525
'
that
York Water Service
$730,000; current liabilities,
Bonds Called—
Republic and American have entered into an agreement for the sale
and purchase of all the outstanding capital stock of Holston River
Power Co., a wholly-owned subsidiary of Republic, for a consideration
of $715,306 in cash as of Dec. 31, 1943, subject to adjustments for
changes in net property account and in net current assets to the date
proposed
<
.
Jirst
deferred
All of the
Dec. 31, 1943
$1,333,248
—
Massanutten
at its
$9,796;
$50,000;
liabilities, $13,564; depreciation reserves, $733,701;
other reserves; $1,344; contributions in / aid of construction, $48;950;
donated surplus, $1,143,333; earned surplus, $1,329,347; total, $5,293,636.
Curr. Assets
of
Dec. 31,
and
par),
no
gold bonds, $1,110,000; due to New
5%
mortgage
shares,
(2,000
as
.
sales
cash, $78,338; accounts receiv¬
accrued utility revenue, $30,262;
...
Madison Power Company
in
$64,783;
Corp, Joan account (non-interest bearing),
Edison Co. and American
Securities and Exchange
14.
Page Bower Company---——
said
m-../
supplies, $28,905; prepaid taxes, insurance, etc.,
charges, $765; total, $5,293,636.
$133,397;
Corp.—Hearing Date Set—
Company—
;
,*
-
and
Liabilities—Common
of Dec. 31,* 1943, subject to adjustments
for changes in net property accounts and in net current assets to date
of closing:
Adj. Net
Basic Price
the
Sheet, June 30, 1944
Assets—Utility plant, including intangibles,. $5,079,4591 miscellaneous
investments and special deposits, $1,327;
and Potomac have enteied into an agreement for the sale
purchase of all of the outstanding securities of certain whollyowned subsidiaries of Republic for $2,007,137, which is the aggregate
of
$124,764
$136,429
Income
Net
and
of
Express
Railway
1.
Remington
Virginia subsidiaries to the Potomdc
Electric Co. will be considered at a
Republic
<
48,800
$210,206
:
income
Income
to the Government's
Jointly owned company
them
$1,936,069
'
taxes..;.
16,S|9Q
4,292
tax
1,660
earnings
"Remington owns the entire capital
Appointment—
'Philip F. Siling, Assistant Chief Engineer in Charge of Broadcast¬
ing, Federal Communications Commission, Washington, D. C., has been
appointed engineer-in-charge of the Frequency Bureau of the Radio
Corporation of America effective Oct. 1, it was announced today by
O. S. Schairer, Vice-President in charge of RCA laboratories.—V. 160,
profits
excess
64,791
4,176
61,100
redemption
Massanutten
..
67,836
(no
27.,772
17,943
taxes
720
25,766
26,904
taxes
stock
$219,376 in
New
.
9,522
Cr9,723
680
taxes—
income
Gross
corporation's plan to comply with geographic integration pro¬
visions of the holding company Act thrqqgh the sale of its wholly
3,312,662
$0.09
=
refund df $549,300 in 1944 and $741,500 in 1943.
refund of $1,264,700 in 1944 and of $1,262,500
4,717
Cr 2,525
expenses
30,266
Net
The
1,606,132
1,250,780
stk.
com.
per share
after post-war
255,323
payable}
restricted its exports to the British
as
Earnings
1943
$653,388
taxes
Other
*
1944
$706,852
283,889
Period End. May 31—
4,918,794
803,066
788,200
dividends
Preferred
>
2,038,980
income
Net
*
profits
$76,008
•
■
,
;
Capital
added.
.;
18,730,864
19,123,594
1,188,500
2,499,350
2,834,200
*6,675,100 til,791,300 til,370,600
1,132,600
Normal tax and
.
J™
commission
security
Republic
Balance
/
revenues
property
Federal
strong
a
Republic Service
10,187,483
Interest
-
$57,041
operation
Social
Arms
'
156,166,007 141,001,367
133.806,718 118,647,034
2,296,851
1,816,082
412,500
412,500
919,073
1,002,156
73,717,401
v
a
between
73,391,372 155,464,475 140,434,163
40.250
40,250
40,250
285,779
661,281
526,954
subs...
for.
from
Divs.
Other
83,904
$159,408
83,400
^
Excise
complaint
the answer continued,
answer
formed
1944—6 Mos.—1943
$
$
*§
$
77,014,375
opers...
20,088
$140,945
deductions
158. P. 2052.
Real
charge that Remington and ICI
in "Brazil to eliminate competition
said: "Vigorous efforts
were
under way in Brazil to establish protective barriers against the
importation of sporting ammunition manufactured in other countries.
Remington recognized that such measures, if imposed, would wholly
destroy its remaining market.
The decision to engage in local manu¬
facture through a Jointly owned company with ICI was a commercial
judgment, independently arrived at, that this represented the soundest
means of
preventing its being shut out completely from the Brazilian
market."—V. 159, p..fl485.
..
on
1944—3 Mos.—1943
',"■•••
$139,320
9,678
....
Depreciation
a
as
organize
the
(Including Domestic Subsidiaries)
Period End. June 30—
$131,267
....
Maintenance
research and development program, following
the creation of a technical department in 1933, It was stated.
"Not only was Remington determined to develop its own research
program as rapidly as possible, but also it recognized the desirability
of securing prompt access to the discoveries of research technicians
abroad, in order to avoid the delay and expense of duplicating research
and to maintain and improve its competitive position in all markets,"
Radio Corp. of America—Earnings—
••'
34,587
57,843
General expenses transferred to construction..
Provision for uncollectible accounts...^
of
S.
primarily
Remington
to
470.
p.
alleged by the Department
Jan. 6, and requested the U.
as
Union Metallic Cartridge Co., Ltd., which owns
and operates a shot shell loading plant at Brimsdown, England.
This
company for many years has vigorously promoted the sale of Rem¬
ington sporting arms and ammunition in the United Kingdom."
An
exchange of technical information
with the leading British
manufacturer in its field was a logical part of Remington's efforts
with the corporation for 24 years,
associated
Traffic
Assistant Traffic Manager since
50,630
-
income
(net)
income
Operating
company
Kingdom,"
director, at
He
4.
Aug.
on
44.838
42,101
accruals..
operating
General
result of any agreement with ICI, formal or informal,
express or tacit," the company declared, adding that sales to British
Empire countries actually increased from 32.7%
of Its total export
business in 1928-33 to 36% in 1934-39.
v.
In
order further to promote its ability
to compete in the United
in Personnel—
Inc.—Changes
brought
action
"Remington has not curtailed or
of
Communications,
of
the
Empire
$0.65
„■
461851
■
:
.
■>
•
Earns, per com. share.*
—V. 159, p. 2236.
RCA
•
bill
its
40,477
246.504
38,666
__
reserve
Regulatory
anti-trust laws by
violation of
any
ICI,
the Government's charges against Reming¬
on a patents and processes agreement with ICI
signed in 1935.
This agreement, Remington
asserted, provided for an exchange of technical information and did
not hava "as its purpose or effect any restraint of trade.
Each party
remained free and is now free to export its products to any market in
the world.
-'V.V;'/ i;.- 5
1,404,250
for
Prov.
,
180,750
tax
income
exn.
civil
a
centered
which
63,425
362,800
tax___
profits taxes.
income
State
with
Imperial Chemical Industries, Ltd., Imperial Chemical Industries,
York), and various officials of the four companies.
Sepa¬
answers have been filed by du Pont and ICI.
In
Other income
in
denied
answer
relations
its
(New
Ltd.
1943
$561,757
Rochester & Lake Ontario Water Service Corp.—• Earns*
Southern District of New York, to dismiss the suit.
In
addition to Remington, defendants in the
action, include E. I.
du Pont de Nemours & Co., which acquired control of Remington in
10,556,481
11,468,742
5,531,845
5,708.970
depreciation)
1944
12 Months Ended June 30—
District Court,
(exclusive
sales
of
of
of
Justice
(excl. of in¬
sales)
sales
ter-company
19,
Feb.
$581,890
income
Net
—V.
company's
reason
follows:
as
;
taxes.,—
income
Gross
31, to Government charges that Remington and Imperial Chem¬
Industries, Ltd., of England, had sought to eleminate competition
them in the sale of sporting ammunition.
The
1944—6 Mos.—1943
1944—3 Mos.—1943
to
Co.—Earnings—
—
income
Retirement
markets of the world,"
ical
were
sharo
holders of
this issue on
cents per
2
on
270,564
taxes
Federal
571.
Co.,
Arms
company
maintain
July
1943
75
Oct.
paid
159, p. 485.
revenues
Maintenance
the
Law Denied—
This
during
75 cents.—V,
1,
of
Operation
Income
Remington
tant
Distributions
and Oct.
dividend
a
stock, payable
with 50 -cents
compares
authority was granted to the Reading Co. to assume
and
and
declared
8
common
This
Roanoke Gas
is
obliga¬
tion
and liability,
as
primary obligor, in respect of not exceeding
$6,950,000 of Philadelphia & Reading Terminal RR. first-mortgage
bonds, consisting of $2,450,000 of serial bonds and $4,500,000 of sink¬
tion,
value
15.
12 Months Ended June 30—
the merger of the properties of
July 28 authorized
on
subsidiary.—>
}■' ■
is a
W
Aug.
on
par
last.
l,
cents,
141, p. 765.
between
Period End.
no
Sept.
March
Catasauqua & Fogelsville RR. and the Philadelphia & Reading Terminal
RR. into the Reading Company for ownership, management and opera¬
of
lieu
lease and to unamortized
respectively.—V. 160, p. 228.
the
The
which Rhode Island
of
'
directors
the
record
Reading Co.—Merger, Etc.—
2,710,684
42,570
income
income
: ~
$2,591,862
(net)
other
&
_
income.—
oper.
Gross
Int.
tax.
2678.
Operating
——
profits
income
Other
surtax
and
to
subsidiary of Rhode
Rice-Stix Dry Goods Co.—Common Dividend—
The
on
taxes:
Normal
Co.
&
Association,
Power
151,. p.
There was on Aug. 2, 1944,
therein
cause
for
and of
bonds
by said Court unless cause to the contrary
approved
before Aug.
or
on
a
exempted
first mortgage bonds, Series A, 3J/2%, due July 1, 1966.
The committee
was formed in connection with the plan for simplification of the New
pending entitled Raleigh &
Charleston RR. Co., plaintiff, vs. Baltimore National Bank, as trustee,
defendant (Equity No. 548), an auditor's account for the purpose
.f
making a final distribution of the assets pf Raleigh & Charleston
RR. Co. and that said account will in all respects be finally ratified,
of
Godfrey B. Simonds,
Island Public Service
application was filed because financing is anticipated in con¬
with the
refunding of Narragansett's presently outstanding
and the
District Court for the Eastern District
the U. S.
Brooks
Narragansett Electric is a
bonds issued under an indenture of trust to
of Maryland, as trustee, dated Feb. 1, 1906,
other creditors of this
and
first
H.
are
Walker & Co.; George F. Bliven and his
and Herbert H. Brooks and his firm,
Marshall,
Lisle &
>v The committee is participating in the proceedings with respect
the plan , of simplification of New England Power Association.
express
Raleigh & Charleston RR.—To Distribute Assets—
notice
involved
members
Brown,
Herbert
12.5%.
is averaging 18,000 shipments a month,
the report indicated.
During the first half of this year, 112,177 ship¬
ments
were
dispatched through the international air gateways to
Mexico, Central and South America, a 28.3% increase.
Shippers paid
almost $400,000 in express charges on this international air traffic,
13.6% more -than in the similar 1943 period.—V. 160, p. 571.
ajr
Island.
Rhode
himself and his firm, G. H.
period, an increase of
International
of
Committee
gain of 11.2% over the first half of 1343.
A total of 811,850 shipments were carried in domestic
air express
service in the first half of 1944, compared with 721,176 shipments in
pounds, .a
consolidated
1944—12 Mos.—1943
1944—6 Mos.—1943
Period End. June 30-
from certain restrictive provisions of the rules under
Holding Company Act.
exemptions will permit them and their investment banking
firms to submit proposals for the purchase or underwriting of the
proposed refunding bond issue of Narragansett Electric Co., a sub¬
exemptions
the
The
announcement
A
■
for
Express Exceeds 15 Million Pounds in First Six
Months—
nation's domestic airlines
Provident Mutual Life Insurance Co. of Philadelphia—
Semi-Annual Statement— >;j'XXX?7XXX
f
.
669
TH^ COMMERCIAL & FINANCIAL CHRONICLE
"Number 4307
—
profits
^
excess
refund
JL
taxes-
20,062
20,445
18,677
35,364
Net inc. for the period
$2,225,287
$2,697,084
$2,142,208
$2,518,957
1,975,456
1,955,680
1,955,680
1,955,680
$1.12
$1.38
$1.09
$1.29
State
Cash
income
dividends
durine
the
Deriod
paid
THE COMMERCIAL & FINANCIAL CHRONICLE
670
Consolidated
Total
assets
Investments and
hand
on
S.
U.
Treas.
Notes
Due
and
and
tax
and
—
receivable
(net)
receivable
accounts
5,291,830
Miscellaneous
assets
664,221
Total
stock
Capital
Accounts
Due
to
(par $10)
subsidiary
Wages payable
retroactive
Estimated
Accrued
Other
850,000
179,943
consolidated
not
———1--,
w„«..—
income
Federal
and
504,740
accrued.~^^~,^——
Reserves
Earned
Revaluation of ore reserves
—
♦Excess
Total
value
over
revenues
2.729,319
13,627,583
81,501
496,080
1,818,239
1,626,891
9,593,737
8,588,193
114,589
96,715
756,416
552,944
$1,227,298
$6,462,936
$7,926,118
27,244
35,101
178.998
181,451
Federal income taxes- r
Other Federal taxes—
'
"
68,814
Income
ry.
income
oper.
have
had
serial
Gross
.
Int,
2,170,688
offs
oil
of
&
$4,323,521 $11,250,343
49,055
115,250
68,138
$8,095,865
90,416
408,342
337,473
2,014,788
1,869,826
for
•
1,209,117
profits
$881,530
$854,057
$4,772,107
26,651
186,103
76,072
Net
$6,092,781
32,596
Net
$914,125
Deduct.
from
$880,707
$4,958,210
$6,168,852
250,689
251,382
1,516,495
208,803
$663,436
—V.
160,
—V.
$4,885,875
$629,325
E.
said
bonds,
4,323,500
1,420,900
for per'd_
$1,649,006
981,348
$1.68
$3,403,365
$1,334,750
981,348
$1.36
outstdg.
share—
981,348
'
$3.46
been
first
Ward
&
Co.,
has
been
elected
Vice-President
a
Schenley
Distillers Corp.
He will
make
his headquarters
corporation's home offices in New York.—V. 160, p. 571.
Air
Line
of
of
of
Florida
Howard,
decree
of
District
The
Special
Ry.—Sale
of
the
in
each
on
for
of
Properties
for
Set
in
closure
three
sale
4,
This
sale
be
sold
announced
final
There
"payment
will
made
is
in
entered
at
public
or
July 19,
on
District
parcels
Aug. 4 by Robert
accordance
with
the final
of
auction
in
1944,
•
the
to
three
the U. S.
in
Florida.
bidder
The
fore¬
stock,
value.—V.
par
no
shares
4,627
of
cumulative
157,
All
734.
p.
r
tion
with
the
and
sold
at
procurement
99.531
of
and
certain
accrued
dividends
in
connec¬
South Bay Consolidated Water Co.,
The repqrt
to
ance
companies.
certificates,
to
and
borne
In
bid
for
the
certificates
including bankers,
The bidders
such
bids
to
be
were
sent
to
117
firms,
or
banks,
trust companies, and life insur¬
requested to submit bids for all the
were
not
less than 99 and accrued dividends,
designate in multiples of »/« of 1% the rate of dividend to be
by the certificates, the rate to be the same for all maturities.
on a rate of 2%
per annum was made by Harris, Hall &
of Chicago, 111., acting on behalf of itself and
eight associ¬
ates, and has been accepted.
On this basis the average annul cost
of the proceeds to the
applicants will be
approximately
To Purchase
receivers
taxes
-
$179,591.
——
—
1943.
2.10%, '
were
mately $9,500,000,
will
closure proceedings.—V.
be
sold
160,
p.
next
month
In
compliance
with
,
Liabilities—6%
stock
common
and
payable
cumulative
preferred
($100 par), $750,000;
stock
revenue
1944
1943
1942
$1,717,212
689,811
$1,717,417
914,536
——
$1,602,048
$1,027,400
30,914
13,240
income
Intang. drill,
Interest
Depl.,
on
$1,625,587
$1,040,640
contributions
in
aid
538,968
430,079
loans"
bank
404,169
Corp.,
of
construction,
$115,068;
Operating
for
1944—Month—1943
;•
due to
capital
tries
income
for
contingencies
Net profit
Earnings
taxes
Gross
Int.
expenses
for
8,000
Net
362,992
317,384
—
$335,337
$419,102
$0.27
43,446
4,147,875
524,178
$0.34>,
$317 238
$0.18
income
profits
taxes810"
June
Railway
$103,439
$1,240,609
T
160, p. 230.
"
~
——
inc.
income
58,919
645,199
$44,519
$595,410
$554,514
14,287
14,287
171,438
$174,990
94,962
91,872
'fev
Earnings—
1944—12 Mos.—1943
' $
$
$
of
Maint.
of
$30,238
$423,972
1943
1944—Month
54,145,305
$
312,273,619 291,659,260
7,234,404
5,645,028
43,229,969
30,722,453
8,801,119
7,075,426
52,228,050
41,172,372
629,940
4,423,335
3,796,251
14,951,343
13,234,858
90,715,260
76,166,669
1,337,420
1,145,093
7,908,032
7,155,011
1,012,668
25,402,293
Railway tax accrualsEquip. rents (net) Dr__
11,939,237
15,218,407
67,034,331
curities
1,863,622
10,622,260
ry.
Dr
income
Total
Total
63,389
163,514
703,898
28,253,469
890,613
5,007,965
3,335,573
6,118,562
Total
Net
*9,047,363
33,261,433
51,573,801
79,585
58,432
334,225
333,238
6,038,977
chg6.„
contingent chgs._
of
"Net
income
contr.
affil.
net
and
8,988,931
2,255,107
32,927,207
51,240,563
of
12,448,504
13,739,890
2,847
7,860
2,062,125
1310
-
v
•
17,078
3,975,542
6,730,977
20,470,842
37,483,595
Bolely
137,644
654,108
1,483,764
3,896,369
adjust.—
179,922
194,426
1,079,533
1,170,985
income—
Aug.
3
293,108
Co.
7,579,512
of Mexico
excluded.
on
certain
bonds
of
solely controlled affiliated
to
income
by
P.
Co.—V.
S.
Aug.
on
Aug.
on
issued
p.
124.
The sale of Gulf
24.
was
3, last.
order
an
Spiegel, Inc.—July Sales Up 34.74%—
Period End. July 31—
order net sales—
—V.
160,
1944—7 Mos.—1943
1944—Month—1943
$1,116,497 $16,404,892 815,551,923
$1,504,386
471.
p.
Spokane Gas & Fuel Co.—Hearing Aug. 21—
The
SEC
23,034,139
instituted
11
(B)
160,
p.
572.
(Representing interest
companies not credited
(2)
proceedings
of
the
with
respect
to
,
the. company
Public Utility Holding
Company. Act,
to determine whether orders should be issued for the purpose ofjairly
and equitably distributing voting power among the security holders of
the company.'
Hearings will be held Aug. 21.
>
of
St
all
.a subsidiary of Cities Service Power & Light Co\
$1,000,000 common stock outstanding and $297,300
6%
preferred stock, par $100, outstanding.
Power
the
$300,000
Light also
the
is
company
owns
the
$934,215 of
owns
the $1,458,315 total indebtedness,
public holding $524,100 principal amount of the first
gold 5% bonds due Aug. 1, 1944.
The
stock
Commission
owned
power.
no
42,550,951
has
under Section
No
by
dividends
Spokane
payable
have
Gas &
on
in
Feb.
its
order
with
and refund¬
pointed out the common and preferred
90.79% of the total voting
Power & Light represents
dividends
have
been
Fuel
1,
ever
paid
defaulted
1944,
and
been
on
on
on
paid
the
the
the
on
the
preferred
interest
sinking
stock
common
since
due
July
on
fund
its
1,
5%
and
1912.
bonds
instalment
due
1, 1944.
The Commission's order says the company has made
provision for refunding or otherwise meeting the maturity of its
first mortgage bonds which will become due and payable on
Aug. 1,
July
P. RR.
Commission
the Commission
on
Mail
ing
cos....
'Results of S.
16,020,00b
10%.—V. 160,
3,000 shares of common stock (par $100), to Glenn C. Hyde, an
a base consideration of $4,660,000 in cash, and the pro¬
posed payment by Gulf Public Service Co. to Southwestern of a divi¬
dend, in the amount of its net current ?/ssets, to be charged, in part,
to Gulf Public Service Co's capital surplus account.—V.
160, p. 230. ^
which
Pac.
So.
Exchange
by
SEC
The
fixed
inc.
16,470,000
individual, for
fixed
for
4,117,500
and
48,238,228
deducts
avail,
4,117,500
675,199
8,156,750
1,238,760
—;
income
misc.
15,006,273
of all the outstanding securities of Gulf Public Service
consisting of $2,800,000 of 5% unsecured notes, due Oct. 1, 1966,
Co.,
106,613,958 127,182,962
4,879,801
-
income-
oper.
3,328,864
15,961,442
Southwestern
10,817,517
(net)
2,856,151
3,558,772
permitting to become effective
declarations filed by Southwestern and its wholly owned
subsidiary
company,
Gulf Public Service Co., regarding the proposed sale by
67,452,517
1,994,042
rents
18,335,137
The company's petition for an order that it has ceased to be a hold¬
ing company upon consummation of the salo of its sole remaining sub¬
sidiary, Gulf Public Service Co., has been set for hearing by the Se¬
6,097,561
1,161,644
18,876,472
expenses
fac.
18,817,593
3,932,001
deductions
Z>r568,722
4,310,037
751,265
6,520,992
.
oper..
Net
18,903,859
Dr457,862
V
$
& struct.
equipment-
ry.
19,275,455
,
Southwestern Public Service Co.—No Longer Holding
Company—Sale of Gulf Public Service Co.—
1944—6 Mos.—1943
53,143,114
fr.
4,484,259
£)rl74,222
'After deduction of excess profits tax credit of
Co.—Earnings of Transportation Sys.
708,709
rev.
10,387,289
4,640,334
708,333
income
Dividends
$383,076
revenues
—
18,028,010
10,742,474
4,741,061
income
The
Traffic
23,554,343
2,848,330
Drl00,727
(net)
4,524,067
2,874,931
income
approved
way
82,105,760
prof.
exc.
income
oper.
Net
171,438
*
Maint.
n«n
2,063,883
$173,981
21,067
1944—3 Mos.—1943
taxes
Net
658,791
excess
1
$34,557
.252,168
6,751,086
Other
$1,213,304
58,026
$37,290
;"
stock
oper.
1944
coQ
$27,086
14,183
operating
682,012- >
357,25a
-
160, p. 471.
taxes
,
160, p. 52.
Consol.
30,
^
Current liabilities
—V.
of
591,679
98,591
.45,823
$
514,664
$23,004
pfd.
on
Southern Pacific
$0 26
°r deemed i0 be re(luir€d. for Federal
Current Assets As
assets
$1,022,437
•
•
$95,316
deductions'^ 'M
H
tConsolidated
Current
1944—6 Mos.—1943
Southwestern Bell Telephone Co.
1,727,033
Period End. June 30—
30,000
$220,772
--
-£7,832
income
Period End. June 30—
3,247,644
43,917
Transp. System
.
per com. share
Net
$6,702,645
—
income
Divs.
10,000
329.269
*15,000
-
„
118,783
.
.
1944—12 Mos.—1943'
$7,727,207
taxes—.:.
charges
374,790
-
3,600
Total
$583,485
depreciation-^
othev
&
Total
524,967
*110,000
»
$1,018,837
Net
'
Inc.
620,208
*51,500
—
f
,
$1,213,243
—V.
surplus-
$644,172
revenue
Prov.
deprec.,
Federal
Prov.
%
$178,971
.
22,550
amort.,
prop, aband. & expl.
work in foreign coun¬
1944—Month—1943
.
•>
$203;70l
Interest
Period End. June 30—
Gross
$1,080,676
1,097,009
19,982
"
f
4,20O
South Carolina Power Co.—Earnings—
18,848
$2,132,037
and devel.
costs
**."
-
Telephone Co.—Earnings^- :
$l,"2i7,443
Other
Other
Total
*
*
*
.
600
'
23,539
.
$179,571
$1,061,828
655,588
due
700
arising from appraisal of property as of April 1, 1930, $563,599; earned
deficit, $319,906; total, $7,189,412.—V. 159, p. 2014.
Jt.
Operating income
series B,
of Sept. 1, 1944. at
as
&
Net
$2,516,585
gold bonds,
redemption
'Fed.
$1,639;
General
$3,045,138
944,015
for
90,603,855
1941
$2,101,123
Oper. and gen. expenses
been called
22,348,308
Miscellaneous
(& Subs.). -Earnings—
outstanding first mortgage 6%
22,830,667
(Including wholly-owned subsidiary companies)
3 Mos. End. June 30—
the
expenses
Gas
$406,610;
.
(Del.), Chicago—Calls Bds.
Operating
Balance
consolidated 5 %
1943
York Water Service Corp.. (loan account $475,000 and
accrued
interest theron),
$519,455; current liabilities, $114,367; de¬
ferred liabilities, $45,586; depreciation reserve, $862,093; other reserves,
-V.
Badenhausen, William S. Spatcher
Hubbard, constituing the protective committee for the
Jan. 1 to July 31
1944
-
$204,401
•
fore¬
G.
•
34,204,964 144,176,127 129,424,918
Water &
$
contested by F.
1943
$8,709,202 $199,351,398 $190,063,857
revenues.—l
par). $1,044,400;
($100
July 31
,
37,197,745
Federal
to
Transportation
income
thereafter,
the holder.—
to
revenues
of a plan for reorganization of the
by a special master for the Federal District Court
upheld Aug. 2 by the Fourth Circuit Court of
Appeals
Seaboard Oil Co. of Del.
Other
endosement
an
will,
be returned
Operating
571,
Hr«ra W1 B.
gold bonds, and W. H. oA1obama Ry' first mort£age
Simpson.—V. 160, p. .571.
Operating
bonds
San
System—Earnings-
10 Days End.
1944
: a w.
long term debt, $3,086,500; demand
Va.
Howard H.
the bonds
on
such
ahd
The
parent
^ lower court's approval
was
.
.
plant (including intangibles aggregating $657,056),
deposits, $1,149; cash, $45,758; accounts receivable
$40,835; accrued utility revenues, $64,804; ma.terials and supplies, $25,151; prepaid taxes, insurance, etc., $7,11CL;
deferred charges, $75,855; total, $7,189,412,
'
*
company
prepared
In Norfolk, was
plan
payment
interest.
Operating taxes
^
special
>.:i;
Appeals Court Upholds Plan—
The
previous
Operating revenues..
Operating expenses
Assets—Utility
authorized
July 31 by Federal Judge W. Calvin
bid for the
physical properties of the Seaboard-All Florida
with $24,534,000 of bonds of the All-Florida Line.
The Se¬
been purchased by the receivers for
$4,078,731 from hold¬
under a court authorization.
The properties, valued at approxi¬
;
Period End. June 30—
$41,095
curities had
Richmond,
second
amounts of $149.44 on each
each bond of $500 denom-
on
198,138
$17,716
$6,928,749;
Railway
at
of
Dec. 29, 1942, in the
denomination and $99.31
Uncollectible oper. rev..
$157,043
.
Balance Sheet As Of June SO, 1944
Proviison
Properties—
Chestnut to
ers
received
on
The
stamped
Southwestern Associated
$496,069
339,026
——197,307
*—
Inc.,
The
1944
$522,760
343,169
Net loss
dends, based
Co.,
and
Net earnings
Income deductions ;
to these invitations and advertisement two bids
represent¬
parties were received.
The best bid, 99.531 and accrued divi¬
21
been
'
•
1947. have
,
response
ing
;
.
1,
and
•*.
Operating revenues
Operating expenses
company—New
of the Commission states in part:
Invitations
companies,
has
Payment will be made at the City National Bank &
Trust Co., 208 So. La Salle St.,
Chicago, 111.—V. 159, p. 2679.
Inc.—Earnings—
12 Months Ended June 30—
note
equipment.
v
of
Sept.
(less reserve of $3,925),
on
trustee;
»
--~
•
$1,000
the
payment,
Southwest Telephone Co.
the
July 27 authorized the road to assume obligation and
in respect of not exceeding $2,760,000 equipment-trust cer¬
tificates, series MM, to be issued by the Central Hanover Bank & Trust
as
•1
-
-
Operating
liability
Co.,
and
the deficiency claim
on
•
,
preferred stock, par $100,
retired, the capital stock will consist of 169,295 shares of common
the
Ry.,
ICC
be
earnings—
$8,840,106
—V. 160, pp. 365, 471, 572.
;
.
highest
combined.
Equipment Trust Certificates Authorized—
The
of
thereon
further
no
Period—
cumulative pre¬
company will redeem all of Its outstanding 7%
ferred 6tock on Sept. 1, 1944, at 1C5 and dividends.
on
outcome
of
equity proceedings brought by the
and John T. Fiynn, as trustees; against SeaboardFlorida Western & Northern RR. Co., East & West
Coast Ry., Seaboard Air Line
Ry. Co. and Leigh R. Powell, Jr., and
Henry W. Anderson as receivers.
Florida
dividend
*
noticed
in
$1,000
r
although entitled to
Vv 157; p, 2053.
\
-
The
Bankers Trust Co.
All
bond
1943,
Gross
Fla,, of all of the properties of the
Western & Northern RR. Co. and
was
Southern
separate
Is
Miami,
Florida
and
the
property will
either
final
was
/
will be received by
hypothecated to secure the
estate
denomination.
May
;:
$500.
which
bonds.
$1,000 denomination and $74.72
Francisco, Calif,
159, p. 2679.
When
Sept. 1
on
Master.
foreclosure
Court
in
Ry.,
East & West Coast Ry.
F.
the
and
bankrupt's
payment
$500
of
as
of
of
properties
all
as
the
denomination
the
of
payment
This final payment will be made on presentation of bonds at
Anglo California National Bank of San Francisco, 1 Sansome St.,
.
101
notice of sale
Formal
Ferries, Ltd. — Final
'
I-
ination.
$2,566,675
981,348
'
$2.61
Sept. 1—
Seaboard-All
Gate
denomination
liquidated
$198.62
bond
noticed
was
Shares—
are
Seaboard
412,296
$548,633
the holders of such
previous
of
each
on
Sontag Chain Stores Co., Ltd.—To Redeem Preferred
MacDonald, formerly Vice-President and Retail Sales Manager
Montgomery
412,296
$535,793
-See Standard Oil Co. of N. J- -V. 160, p. 571. i
Schenley Distillers Corp.—New Vice-President—
H.
$960,929
34,358
final
and
Southern Railway
of
215,872
*
$948,089
$78,054
$43,696
bond
of the
third
trustee lor
The
'
Socony-Vacuum Oil Co., Inc.- -Secondary Distribution
$4,375,160
$3,441,715
259,950 r
34,358
each
on
bond
the
of
amounts
•
2,319,200
$7,726,865
$2,755,650
$4,009,506
excess
2,360,500
per
$40,96
each
is
have
-of
332.
p.
income
$1,176,801
16,969 : *
$77,268
*
the; trustee
the
420.425
424,557
'
1,793,692
inc.
gross
income
$1,208,039
Pacific Golden
from
213,950'
taxes
Common shares
$95,024
22,395
756,018
-
124.
p.
on
holders
•
bond
Non-operating income-
2,314,276
deductions
same
etc.—
&
2,398,771
752,794
2,580,677
$42,970
pay
$20.48
This
201,792
2,497,357
178,882
2,804,789
1 00,896
1,428,689
£—_
inc.
:
2,957.478
63,741
219,166
$99,663
income
160,
1929,
•
write¬
Income
Prov.
income
operating
Net
$8,107,569
$6,641,933
$1,262,399
Deductions from railway
216,913
61,450
203,402
J
On
July- 14, 1944, the Court ordered that The Anglo California
^National Bank of San Francisco, as trustee for the holders of the
t$859,500 first mortgage sinking fund 5'/2% gold bonds dated April 1,
&
deprec
props.,
241,211
$6,645,865
$7,498,988
$594,844
Payment to Bondholders—
undeveloped
gas
$605,727
taxes—
other
.
1944—12 MOS.—1943
1944—Month—1943
Balance
disct.
&
$8,246,296
6,232,710
Ihvs. on pf4. stock—i»v
$7,137,964
957,901
$9,079,655
$3,818,919
504,602
1,291,354
84,678
&
5,882,799
—_
Net income 'c—
;
$1,219,003
&
-V.
notes
Depletion
$7,847,655
1,007,713.
15,136,709
$4,513,607
debs.
$1,340,803
6,571,779
.
«
revenue
Provision for
*
19,359,404
8,066,664
10,477,446
$5,804,961
on
$1,312,572
_
expenses
Prov. for depr. & amort.
$22,274,673
——
of
amort,
exp.
>37,597,469
13,352,115
Operating
1944—6 Mos.—1943
1944—3 Mos.—1943
income
&
43.600,093
13,413,794
1,000,213
income
oper.
160. p. 230.
Gross
an
$14,991,053 $11,885,583 $28,439,059
Non-operating charges—
&
2,162,927
7,271.091
Southern Indiana Gas & Electric Co.- —Earnings—
$3,000,000 issue at a
new
$59 364,438
.168,558
138,080
-
2,061,715
Period End. June 30—
given.an
income
etc.,
Cancellations
Other
with a
would
25,924
.
$10,645,378 $10,075,509 $64,861,542 $59,195,880
revenues-
income
—V.
letter to present debenture holders,
a
directors
the
that
income
int.,
Total
V
Int.
'
ago
debentures
4%
Costs, oper. & gen. exp.,
taxes, etc.
1
481,173
2,480,721
23,030
-
571.
p.
1944—6 Mos.~ -1943
16,439,515
—_i.——
year
and
oper.
Oper.
Ad
accruals:
tax
Valorem
Gross
Divs.,
$1,191,759
Ry.
a
of
Period End. June 30—
$5,513,127 $33,748,683 $31,176,010
$5,922,721
operating
in
1944—6 Mos.—1943'
1944—Month—1943
$10,668,408 $10,101,433 $64,999,622
...
revenue
expenses
Southern
1944—Month—1943
Period End. June 30—
Ry. operating expenses!
160,
Skelly Oil Co. (& Subs.)—Earnings—
36,948
1485.
159. P
directors.—V.
13.418,161
;
Railway—Earnings—
St. Louis Southwestern
Ry.
298.534
value of treasury capital stock Issued for
par
minority interest in Aguilar Corp.—V.
of
opportunity to refund
maximum
annual saving of $29,000.
As most of the outstanding debentures were given to original holders
of 7%
preference stock, it was felt unwise to disturb these securities.
—V. 159, p. 2678.
>
$41,930,450 $40,930,801
—
—
'Of market
that
bonds
interest
378,216
~~
*
board
the
Silverwood, President,
both
856,851
13,678,340
26,599
surplus
E.
said
2,385,802
945.473
taxes
A.
1,362,589
2,976,534
tax
profits
excess
of
At a special general meeting on July 25 a
proposal for a new
$2,000,000 refunding first mortgage bond Issue was approved by the
debenture holders, representing over $725,000 of the debentures.
173,120
150,337
increases
wage
Operating
Net
2,525,510
316,481
2,485,702
payable
Telephone & Telegraph Co.—Earnings
Operating taxes
Net
$19,754,565 $19,556,805
———
revenues
Operating
Semler, Inc.—New Director—
Silverwood Dairies, Ltd.- -Votes Debentures—
$41,930,450 $40,930,801
„_
member
a
Liabilities-
,
p.
(R. B.)
177,749
—
—_
1
*>
369.
Bell
Uncollect, oper.
605,485
253,357
—
charges
160,
Operating
$67,798,892 $61,240,189 $440,670,679 $394,652,754
„
Maury H. Hoyt, President of Carter Products, Inc., has been elected
119,714
6,318,368
164,215
——
__
Southern
Period End. June 30—
1944—6 Mos.—1943 >
1944—Month—1943
——
consolidated
not
—_
—V.
4,087,909
560,997
cost)
Sales
4,126,287
2,660,000
3,327,370
tat
Inventories
Deferred
3,660,000
5,436,528
———
ctls.
and
notes
Period End. July 31--
49,492,557 $10,279,284
13,079,376
12,556,005
—
-
banks
in
sav.
subsidiary
notes
*
advances
accounts
from
Other
(net)
Sears, Roebuck & Co.—July Sales 10.7% Higher—
Dec. 31,'43
June 30,'44
capital
Cash
Subs.)
(Incl.
Sheet
Balance
Assets—
•
Monday, August 14, 1944
•
......
no
1944.—V.
91,
p.
657.
Volume
Number 4307
160/
/■/':././-M. //.•//
■
sion
to
like
a
j,
Sept.
1
line
the new bonds are to be sold not later than
than -103.91.'
1- • - ;
less
not
at
Oklahoma
from
Line
Co.,
sippi.
The
line
expected
is
have
Fort
redemption
for
called
been
St.,
,
.
.
>
as
ready
be
to
I
for
operation
by
the
at
'•* '*';
.*•'"
'
order from
West
201
the Government for heavy duty
Production
-
Large Order—
Pittsburgh,
operated
H.
Kann
of
Pittsburgh,
Explosives,
Inc.
stock
common
partial payment of which has been mad«»
to be made on or before Feb. 1, 1945.
share,
of
payment
70 Pine St., New York, N. Y., is the broker
Ansonia company is a wholly-owned sub¬
The
further, provides that if and when the purchaser
the above stock within 30 days after that date, which
be March 2, 1945, the purchaser will make an offer
agreement
all of
would
date
all
to
axle sets.
stockholders
other
of
begun at a Government-owned plant at
the company.—V. 159, p. 2124.
by
of Triumph
shares
per
transaction.
acquires
has
the order
on
Pa.,
Gustav
that
4
of Noma Electric Corp.
latest
1 announced that it had received a $90,000,000
The company on Aug.
127,827
balance
this
sidiary
''
,
of
price of $3
the
Whitney-Phoenix Co., Inc.,
1.
Dec.
in
*'•:
sale
a
and
3837.
p.
*.'"
Standard Steel Spring Co.—Gets
,
bonds dated April 15, 1922,
of Aug. 15, 1944 at 100 and ink
Detroit Trust Co., trustee,
■
I 1 '• -• •
'<
the
will be made at
Detroit, Mich. '>
Payment
•//
*
GVi'/r
1st mtge.
outstanding
the
of
All
i/. V-
V*
,
Aug.
on
President of Triumph Explosives, Inc., has entered into''
with the Ansonia Electrical Co.. Ansonia, Conn., for
agreement
an
The
.■.//■;;/;./■/■;.-
—Redemption—
V
•
announced
was
former
Pa.,
Cranfield
the
('"Wall Street Journal.")—V. 150,
•
subsidiary,
a
pool in Southern Mississippi, westward across
the
Mississippi River to the company's bargerloading terminal
at
Gibbon landing in Concordia Parish, La., it was reported from Fort
Worth, Texas. This will be the first pipe line constructed in Missis¬
Bowles),Detroit, Mich.
Springfield Building (Henry L.
It
has received permission
Administration for War to build a 17-mile, 8-inch
Pipe
from the Petroleum
has
According to the-order,
-
The
!;
been' authorized by the Public Service Commis¬
sell §500,000 of 3'/Wr*-30-year first -mortgage bonds to reefund
amount
of bonds
maturing in 1963.
The* company
Triumph Explosives, Inc.—Stock Sale Agreement—
Subsidiary Plans Expansion—
Supply Co.—To
Spring: Valley (N. Y.) Water Works &
•
JRefund Bonds—
671
THE COMMERCIAL & FINANCIAL CHRONICLE
V
$3 per
tenders if
he
does
to
not
will
least
at
stock
their
purchase
purchaser
receive
The
share.
have
the
the
on
option
of
80%
basis
same
reject
to
total
the
all
and
issued
stock.—V. 160, p. 472.
Sadacca,
President of the Noma Electric Corp., has
director of Triumph Explosives, Inc.—V. 160, p. 472.
outstanding
Standard Brands Inc.—Earnings—
•
,
„
of
Cost
sold™__
goods
adv.,
gelling,
-
-
60,573,947
*
12,226,160
15,057,522
from
'Profit
Income
Federal
inc.
for
Fed.
1,187,900
/-Net
-
of
••
2,378,930
1,649,944
4,406,000
.4,004,041
4,154,603
4,716,669
'
.
transf.
income
to
'
~
*
per share
stock
common
-
•
•
;
-
„
*.
-
-
4,154,602
1,233,622
1,991,083
income
Chain
$1.17
$0.64
$0.56
The
$1.36
-
.
,,
,
.
,
division
the
1944,
/
has
held
has
The
of
important
Co.,
members
of
and a director of Associated
committee
John
are
E.
Bassill,
and John E. Rousmaniere.—V.
Gordon
'-V,./:*'
<S
•
160,
Film
decree
District
Orders
S.
to
require
five
an application
theatre-owning
major
divorce themselves from the exhibition
three years
"to restore competition in communities
have theatre-operating monopolies."
took
the
into
entered
U.
—
Exhibition Business—
Court
distributors
now
action
Corp.
V
;
•
has announced the filing of
Department
within
they
n.
•
Century-Fox
picture
The
acquisition
its
upon
"''s
.
York
New
where
decree imposed
to
form
of
proposed
a
than three
more
modification of
^
consent
a
One provision
ago.
years
that
of
three-year ban on divorcement proceedings.
a
however, expired last Nov. 20, and Attorney General
Biddle in announcing the present move said he had rejected a distribu¬
Sterling Drug Inc. since 1934,
positions with Its affiliated
tor's
companies.—V. 160, p. 572.
Changes in Personnel—
^
Justice
the
That
associated with
been
number
a
company
executive
the
Movie Producers To Quit
who
Fauser,
Gammack &
of
Co.
of
Albert H.
V.'V-
*:
business
Erwin
partner
p. 572.
Mark Hiebert
its Frederick
of
Manager
succeeds
He
Stearns
President* of
as
Hiebert
Dr.
and
Detroit.
in
Realty
members
C. Breck,
motion
elected Dr. J.
General
and
is
Stock Exchange, Chairman of The board of Eagle Stores
Twentieth
corporation have
Sterling on June 30,
.by
,
this
Vice-President
Co.
&
Stearns
resigned
■
of
directors
Divisional
as
Store
Other
Henry
Sterling Drug, Inc.—Official Promoted—
.
of the fcompany since it was organ¬
that time was a director of American
predecessor companies of Tubize Rayon
to
the
of
Co., Vice-President of Pine Holding Corp.,
in
3,716,668
*
~.
-
prior
one
•■*/••'■;
a
general
Balsam
Mr.
controlled selling prices,
There is a corresponding
unit, Mr. McMaster said.—V. 159, p. 1384.
profit per
Corp.,
the New York
of production' still are rising, under
of which remain unchanged since 1939.
decline of
and
1930,
Corp.
semi-finished
Costs
continuously as a director
in
ized
Ltd.—Operations—
'
meeting of the board of directors, held on July 26, Aldo Balsam
Chairman of the Executive Committee.
Mr. Balsam has
a
Chatillon
pared with the first half of last year.
l.ooo.ooo
'—.___
513,895
535,048 * 1,032,905
1,059,573
I' «After
allowance
for
preferred dividends and based on 3,163,277
shares- outstanding June
30, 1944, and 3,162,027 on June 30, 1943.
| r( x\
>
'4
•* S
'H
t* T
»
J
Y ~K
\ ' j*
,/»•'
'
;
—
of
been
elected
served
—
goods sold, etc., acets.
(
At
was
steel and reduction in tonnage of in¬
carried, sales of steel products increased 7.7%
in value com¬
purchases
a
Tubize Rayon Corp.—Chairman of Exec. Comm.—
selling group
McMaster,
ventories
•Deprec; incl. in cost of
•«.
termination of the
the
President, stated in a letter to stockholders that
the shortage of manpower has curtailed certain finishing operations
but notwithstanding such difficulties, the output of steel ingots for the
first half year increased 5.8% over the like period of 1943.
Because
many
surplus
/
•Net
2,410,000
1,000,000
366.
p.
Ross H.
>
fu¬
i
•
160,
Steel Co. of Canada,
597,143;
311,412
.
for sale now completed,
all shares available
of
announces
"
•
2,233,622
1,733,100 *
per'd- / 1,991,083
ture,-inventory'losses
j
11,696,784
11,282,015-
1,188,401
-
790,158
.
of
___
for
Approp. for'possible
/V
-
. -
Co.
10,906,626
574,622
343,436 T
201,037
distribution
stock of the corporation.
/
Adjusting for the two-for-one stock split in April of this year, a
.total cf 233,870 shares have been sold by the group headed by Vance,
Sanders &
Co.
The fund now has 1,200,000 shares outstanding.—
excess
taxes
income
Net
•
5,415,403
>
—_
profits
.
5,113,120
<
»
taxes
Prov.
410,053
charges ;_—//
for
Prov.
298,750
_
income
Gross
.
10,707,493
5,005,350.
4,814,370
operation'
credits
elected
which has been offering
V.
income
Henri
Termi¬
\
Vance, Sanders &
' • * i
,'*••'.•.
•
6,421,696
7,534,934
____
'
With the
•
:
83,706,733
86,907,292
30,509,059
44,514,021
;
and A
adm.
general expenses
Street Investment Corp.—Selling Group
nated—
41,936,105 112,672,307
56,913,326
—
_
State
-
.
I.'j
/'■
sales
Net
'
.,
•
1944—6 Mos.—1943
1944—3 Mos.—1943
Period End. June 30—
•
,.
(Including Domestic Subsidiaries)
f
provision,
to extend the
proposal
The
application
theatre
any
five years.
ban
'
i*
acquiring"
would prohibit the distributors from
also
interests.
•
Joel
'
S.
formerly Vice-President and director of the Kellogg
Mitchell,
.
in charge oof foreign
•
has been made a director and Vice-President
Co.,
6t Standard Brands, Inc.
"operations
Philip S.
Vice-President in charge of sales, has been elected
W. Davis, formerly Comptroller of the American
Steel
&
Wire
Co.,; has
been elected Comptroller; Karl B.
Norton,
formerly Production Manager, fruit and vegetable division, Frosted
Food Sales Corp. of General Foods Corp., has been appointed Produc¬
tion Manager of the frozen fruit and vegetable department; Stewart
"Rose, Jr., formerly Vice-President of Loudon Packing Co., has been
appointed Assistant to James S. Adams, President.—V/160, p. 365.
Lord,
director;
a
Arthur
Tampa Electric Co.—Earnings—
Operating
Operation
$589,645
300,962
/
$546,986
275,380
$7,084,869
3,659,824
29,147
45,839
456,205
547,963
758,170
430,000
Bros.
$6,278,471
3,001,145
38,890
revenues
Maintenance
Involved
375,150
552,474
733,860
:
accruals
35,833
52,175
76,100
35,833
Utility, oper. income-.
$106,021
$78,351
$1,232,707
628
566
3,015
taxes
62,100
income.-
oil
res.
Other
income
(net)—__
$106,649
$78,917
$1,235,722
3,081
1,071
34,640
the
for
agent
corporation
for
York,
New
$103,569
$77,846
$1,201,081
after
Net
$1,176,614
8,750
70,000
956,424
956,417
appointed
has- been
exchange of the common and preferred
shares of Interchemical Corp.—V. 160,
stock of
p. 124.
this
income——
Net
dividends
Preferred
—V.
1943
1942
operations.
$174,173
$155,606
income
Total
j.
Res.
of
.
for
.
depr.
5,019
3,242
.
$177,784*
v.
V#
:•;
v
equipment
Prov.
/
Prov.
46.170
.
K'''"-I:
taxes
for oth.
Prov.
.49,995
55,382
in¬
Dominion
for
come
*
tax
,.
-
♦137,195
M':','*r
_•'*
49,775
*54,590
*93,393
-
1,915
*
'
Fees
paid '.to ? directors,. :
-
,2,250
•
$65,561
241,049
231,383
46,240
,
2.250
$60,601
218,223
$278.82?
-/ 46,240.
47,440
$231,580
profits taxes.;
$231,383
lescence
ofbuildings,,:
^$1,156,000;.
v
machinery... and . equipment. $457,832;
;fun& preferred -stock w( par
.
Standard Gas & Electric Co.—Weekly
:
•
Electric
output
of
the
public
utility
Gas
&
Electric
Co.
operating
- y
'i
tial
the
directors
and
common
Aug.
Dec.
the
stock,
Distribution-
N. J.—V. 160, p. 230.
of N. J.
*
Extra Dividend—
«The
share
on
J
par
$25,
both
payable Sept; 15
v
Kc)
$37J£
(d)-
'at $33
is
held
the
by
per
Ga.,
on
Sept.
for
the
for
for
the
ended
quarter
in
has
Pa.,
and fourth mortgage bonds at
mortgage of $784,000 would be
authorized the
as¬
Louis—Securities
to issue not exceeding
to be pledged under the
company
4%" bonds,
mortgage, dated
mortgage
won
effort."
and
$0.33,
and
of
103
A
for the fourth time the Army-Navy Produc¬
producing materials essen¬
third White Star has therefore been added
Corp.—To Redeem 6^ % Bonds—
the. outstanding
111.—V.
160,
Tide
Water
gen.
mtge.
3-year
6%%
gold
p.
due
1944. at
trustee,
bonds
572.
Ala.
include
Associated Oil
Co.—To Vote on
Retire¬
is
Tide Water Power
The staff
Co.—Capital Change Recommended
of the public utilities
division in its proposed findings
and
by the Securities and Exchange
sale by General Gas & Electric
Corp. of its holdings of 115.779 shares of common stock of its sub¬
sidiary, Tide Water Power Co., to Warren W. Bell for a cash con¬
sideration of $55,000. • Mr.
Bell is a director of Tide Water.
The
staff suggested that Tide Water be recapitalizi d so as to substitute
a single class of common stock for its presently outstanding
preferred
and common stocks.—V. 159, p. 2347.
/ ')
opinion
recommended
E.
E.
LeVan
tl*e Union
for
adoption
disapproved the proposed
Tonopah Mining Co.—Extension—
,
announced the issu¬
Act of 1940 further
extending to Oct. 1, 1944, of the temporary exemption of the Tonopah
Mining Co. of Nevada from the Act, pending final decision bv the
Commission upon the company's application for an order declaring it
to be exempt from the provisions of the Act.—V. 159, p. 643.
The Securities and
ance
of
an
order
and
as
earnings
/
Exchange Commission Aug. 1
under the Investment Company
:
-
high
new
work
at
Co.,
valued
steam
pressure
auxiliary
corporation
in
thr>
Savannah,
of
Pittsburgh,
approximately
at
modernizations
of
the
generating facilities
Paper
Savan¬
at
-.//;.
was
President,
Manager
—V.
General
160,
President
as
Carbide
Francis P. Gormely
&
announced on July 31.
and
director
a
He
of
;
'
#
'
/
the Haynes Stellite Co.,
Corp., to succeed the late
of
Carbon
572.
p.
Electric
FPC—
The
formerly Vice-
was
the
company.'"
Haynes
'■ /
•■. •.■/■ ;•*
Co.
•
of
Mo.—Purchase
Federal
■
Approved
by
,*>/v/;/;MvV
;/
Commission
Power
on July
25 conditionally authorized
virtually all of the electric facilities of the*
Laclede
Power
&
Light Co. and the Laclede Gas Light Co., thus^*
eliminating competition in the electric utility business in the City
the
of
St.
buy
to
company
/
Louis.
base
price
purchase
of
the
two
be
would
companies
$8 600,000.
The
authorization
is
subject
of
All
the
,
electric
included except the Catalan street
are
plant of the Laclede Gas Light Co. in St. Louis.
1
conditions
to
with
respect
to
the
accounting treatment to be accorded the excess of the
the
over
all
serve
at
original
customers
of
the
St.
in
This
Louis.
purchase price
needed by Union to
facilities
excess
is
estimated
•;//
order requires
FPC
acquired
///;. //
$2,125,733.
The
co3t
by
Union
,
the company to charge the
to earned
excess
originally
proposed that this amount be debited to
amortized over the remaining life of the
/' ■•*•"■
•••* * ... .
The FPC said Union had produced no evidence that the merger would
result in substantial economies
in operating expenses or
any
other
Union
plant
accounts
properties.
measurable
the
The
and
■
,
benefit
rate
to
according to its
electric
Public
utility
The
war-time
St.
and
Louis
Missouri
has
revenues for any quarterly
record equipment utilization
by
possible
does
Laclede
about
about
approved the
/
85%
15%.
proposed
Inc.—Quarterly Report—
highest, operating
made
in
of
2239.
p.
United Air Lines,
history,
payers. *
application for the merger,
business
Commission
Service
period
in
its
abnormal
and
traffic, were reported Aug. 9 by the
quarter of 1944.
Net income for the period
passenger-mail-express
the second
equivalent to $1.13 per share of common stock and
of preferred stock, as against $1,170,622 in the
corresponding* period of 1943.
W.
A.
Patterson, President, reported that earnings for the second
quarter were favorably affected by the credit to expense accounts
during that period of $278,000, representing additional billings to the
for
company
was
$1,814,754,
$17.28
share
per
for
adjustment,
the
with
second
the
explained,
ouarter.
982,454,
and
against
as
and
"In
period
expected
Lines'
passenger
second
2,547,593;
of
in
in
the
1943.
This
comparisons, of
first half
of
1944
last year.
Air
operations
miles
quarter
express
airplane
miles
circumstances
were
during
post-war
to
which
in
mentioned
the
first
period,
continue."
Reductions
•effective
and
totaled
of
ton
1943;
miles
7,012,961
shown
were
for
110,752,894
ton
mail,
935,698
as
as
as
miles '
against
compared
with
V*
earnings
the
the
performed
distortion
some
of
United
revenue
abnormal
continued
services
caused
Revenue
in
88,120,131
4,384,731
"The
in
increases
second
against
contract
quarter with other quarters
corresponding
Sizable
the
military
he
government
5,290,267.
/
and
159, p.JL700.
Engineering
power
:t
acquisition.—V. 159,
benefits for employees
More than 1,300 now in
service
will be covered
as
well as any new inductees.
As special
allowance for induction the company will pay $200 to married per¬
sonnel and $100 to unmarried.. Subject to stockholders' approval is a
-further amendment that an employee who returns from military leave
of absence and serves with the company until retirement will receive,
in
calculation
of any retirement allowance,
service credit equal to
double the period of his military service.—-V. 160, p. 572.
15-and
a
other
project,
The
and
of
and
above
Rust
alterations
53.
p.
of
Union,
establishing additional
granted leave of absence for military service.
company
$0.87
$493,546
was
1942;
Union Carbide & Carbon Corp.—Pres. of Unit—
Election
the
ment Plan—.
The
1944
in
respectively.—y
the
The
to
existing steam
another unit of
of
•
$1.17
•
30,
$243,263
station
of
program
awarded
will
160,
facilities
1956, have been called for redemption as of Sept. 1,
and int. Payment will be made at The Northern Trust Co.,
Chicago,
June
construction
generating
Birmingham,
corporation's
The
Award—
Army-Navy
\ Texas Power
$636,845
and
1943
and
$0.57
design
been
$1,500,000
■«
••
outstanding achievement in
war
$861,354
$1.30
$416,433
$0.67,
has
the
i„
,
third
$956,080
by
plan
stock which
in
299,883
636,845
•
July 21
company
the
All
to holders of record
disbursed
share, with dealers' discount of 35 cents;
100.000 shares (no par) of Standard Oil Co. of Calif., offered at
per share, with dealers' discount of 50 cents;
50,000 shares (par $25) of Standard Oil Co. of Indiana, offered
per share, with dealers' discount of 50 cents.
: - * - '
- •
$13%
common
participation
.
Sept..!;
Standard Oil Co. of N.
at
approval of the
the U. S.
October before
Production Award flag which was given to the
company on Nov. 2, 1942,
The announcemen-t of the award was made
by Robert P. Patterson^ Under Secretary of War, during the last week
in July.—V. 160, p. 472.
declared an extra dividend of 25 cents per
quarterly dividend of 25 cents per share on the
15/ Extras of like amount were
15, last year.—V. 159, p. 1803.
fered
in
have
usual
J.—Secondary Offering—Dillon,
Read & Co. and associates, through a secondary distribu¬
tion on July 27 disposed of 850,000 shares of stock in
four Standard Oil companies for the account of John D.
Rockefeller.
The stocks included:
(a) 200,000 shares (par $25) of Standard Bil Co. of N. J. offered
at $56V* per share, with dealers' discount of 75 cents;
:
(b) 500:000 shares (par $15) of Socony-Vacuum Oil Co., Inc., of¬
■
the
from
.
A second
dollar.
of 'general
Commission
:
preliminary
290,937
861,354
________
expansion
surplus.
companies • in
of Indiana—Secondary Distribution
—See Standard Oil Co.
.
and payment of
the
Award
to
'to
'*
Standard Oil Co.
case
the Schifces.
ICC
The
tion
system
Standard Oil Co. of Calif.—Secondary
>
the
Texas Gulf Sulphur Co.—Arm^rNavy
(
**
Output^-
$5,232,894
share
new -.power
1944-45
refunding and improvement
April 1, 1922.—V. 160,
p. 572. ,// •///;;;:
/;///
//
: f/.y/
hf*/':-/;/; ■''"■//;5c////.: /*:;/*/'/. //
187,764.000 kwh./as
See Standard Oil Co. of
share,
plant,
plan includes expenditure of $150,000 for rehabilitation
$75,000 as working capital, $16,000 for payment of first
bonds
on
$12,000,000
6'/2%
for the week ended Aug. 5, 1944,
compared with 191,281,000 kwh. for the
corresponding week last year, a decrease of 1.8%..
*'*'•<f.T-"
>1''
>1: Electric
output of the public utility operating companies in the
Standard Gas & Electric Co. system for the week ended July 29, 1944,
totaled 186,698,000 kwh., as compared with 189.508.000 kwh. for the
corresponding week last year; a'decrease of 1.5%,—V. 160, p, 471.
>
Standard
•totaled
hotel,
cents
sumed by
$100),
".stock (50,000 no ,par shares), • $200,000;-capital
deferred credit'to surplus, $24,697; earned surplus,
$3,428,756
•
2,986,694
t
common
surplus, .*§9,073;
the
..'
.
.
Schine
of
eliminated
is
Hotels
./The
.
.$231,580;/total, $2,603,571.—V.' 158; p.-1540, '
*
with
nah.—V.
50%
approximately
* The
argue
Terminal Railroad Association of St.
redeemable-- sinking
91,701
$4,221,774
1942
$5,141,193
--
279,000
profit
Contract
/
Judge Stephen
before Federal
6
Appeals/
of
Schine plan.
The
payable, $434,118; municipal taxes, $2,065; provision-Tor Dominion taxes, $88,207;-reserves for depreciation and obso¬
•cumulative
would
and
Court
-•
Liabilities—Accounts
■
the Ten Eyck Hotel to the Schine
Brennan's
Judge
appealed
had
Circuit
//
$309,425;
61,485
taxes
per
Union
Consolidated Balance Sheet, April 30, 1944
1943
$3,367,271
Union Bag & Paper Corp.—Contract—
Trustee Caroll E.
offer
mortgage
$241,049
dispatch from Albany,-N. Y., had the following:
Press
dis¬
1944
profit
compared
per
Brennan,
holders,
50
accounts receivable (.less
reserve),,
.$471,749; investments in bonds and; shares, (less reserve), $450; cash
fin banks and on hand, $769,906; deferred charges, $31,102; deferred
.assets .(refundable portion of excess profits tax).,$24,697; land, build¬
ings, machinery and equipment, $996,240; goodwill, $1; total, $2,603,571.
«
Net
**
of
$272,785
production,
$4,137,035
,
.Schine
v
in
84,739
etc.,
Earnings
Meaiey announced on Aug. 7.
/ Attorney George J. Hatt reported the required two-thirds approval
of all classes of creditors had been obtained.
It also
was
announced that United Hotels Corp., as largest stock¬
W.
9,656
equip.—
Assets—Inventories,
i
;
/ Formal confirmation of the sale of
Theatre interests will be asked Sept.
disposal?
excess
:
Hotel,; Albany, N. Y.- -Creditors Approve
Associated
An
United
$296,945
$319,025
114,604
:Bal. .credit, April 302
.
/
*
$77,075
272,784
——:
of bldgs. and
•Includes;
2,000
$346,184
surplus
paid
Dividends
"Writteh off* re
r,
$73,399
Net- profit* ///*
Bal. at credit. May
Total
2,000
v.
Loew's,
Warner
Co.—Earnings—
expenses
income
Federal,
*
Eyck
-
Sale—"
$160,711
*>■*•' -T
and /'V * !>•; J:"*-'- :r'
52.507
•
'
-
160, p. 472.
Ten
•
'5,104
3,611'""
.
$228,364
A-''?
obsol.
&
,i.
$265,102
_____
mach.
bldgs.,
v
Invests,
"Income/from
Total
1941
$225,122
engaged
are
income
Net
1944
$260,082
■Years End. Apr. 30—
from
.
dividends
Common
Pi-ofit
companies
Depreciation,
/
Standard Fuel Co., Ltd. (& Subs.)—Earnings—
.
the
all
6 Months Ended June 30—
14,785
*
Trust Co.,
&
Corp.,
$1,191,398
deducts—int.—
Income
Bank
Century-Fox Film
RKO Radio Pictures, Inc.,
their subsidiaries,
t
;
430,000
Gross' income./—.—
Standard Coated Products Corp.—Exchange Agent—
Chemical
Inc.,
and certain of
Underwood Elliott Fisher
r.
Other
The
said
Biddle
Mr.
Twentieth
are
case
Pictures,
Inc.,
tribution, and exhibition of motion pictures, asserting that their opera-"
resulted
in
illegal
discriminatory
practices
and
preferences.
—V. 160, p. 231.
5,556
Fed.
Retirement
"
Pictures,
tions
$1,185,842
taxes———
•General
the
in
-Inc.,. Paramount
1944—12 Mos.—1943
1944—Month—1943
Period End. June 30—
in
July,
months
these
of
these
report
1944,"
extraordinary
high
for
said
load
1943
Mr.
conditions
factors
and
have-
Patterson.
cannot
be
.
passenger
1943,
the annual
in
six
create
fares
resulted
and
in
express
lower
tariffs
revenues
per
which
became
airplane mile
THE COMMERCIAL & FINANCIAL CHRONICLE
672
the District Court of Delaware and sustained by the Third Circuit
Court of Appeals at Philadelphia, provided, in part, that 94.52%
of
Railways' common stgck should be distributed to Power's preferred
stockholders, and 5.48% of Railways' common should be distributed
and per ton mils of pay load daring the first half of 1944.
Despite
increases in operating expenses, the operating cost per ton mile of
payload was approximately 5.6% below the corresponding figure for the
first half of 1943, the report said.
,
The
for the Navy at
Oper.
Other
income
Prov.
$1,791,190
$4,660,866
141,644
228,971
327,959
(nett—
income
1,223.000
762,212
1,965,000
1,744.212
$1,814,754
taxes
$1,170,622
$2,924,837
$2,153,400
——-
■v
income
New
The
United
Lines
Air
expects
round trip flight between Washington
daily
third
a
increase.—V,
the
lor
and
ment,
Operating
revenues
expenses
___
Federal
Other
taxes
taxes
Prop.
ret. & depl.
appropriations
Net
oper.
1,298,438
4,720.415
4,563,684
(net)™
16,941
$4,223,871
Int.
375,000
375.000
48,750
collat. trust bds.
on
Other
interest
Other
deductions
Int.
applic. to
Interests
ret.
Gross
Int.
Only)
2,617,975
7,603,543
-7,812,317
1,132,516
741.946
812,899
745,708
251,800
665,600
654,000
$802,412
$1,910,761
$1,172,140
439,191
'
234,926
197,883
260,800
'.
2,046,567
2.066,956
$3,131,255
-----
423.529
418,875
12.123
67,239
1,703,425
45,397
10,356
15,395
21,274
Cr21
Cr57
Cr279
$2,261,518
$1,866,393
$7,643,159
$7,339,920
— _
construct.
—
48,750
■
-
22,888
.
customers'
deposits,
total, $258,272,811.
$875,067;
$13,217
accrued. $412,443; other
for which cash is in
credits.
$37,504;
for
reserves
accounts,
reesrves,
capital
surplus,
accrued,
current
and
special
deposits),
property
$55,099;
$551;
taxes
accrued
retirement,
for
reserves
contributions
that
To Pay
A
I
to
of
holders
160,
p.
$18,982,752;
earned
liabilities
$41,109;
of
200
$3.50
on
the
of
share has been
preferred stock, no
per
$7
record
Aug.
9.
Similar
declared
Net
Divs.
—V.
deferred
capital
now
shares
of
capital stock
(no
par),
Aug.
account
Tim
flex¬
in
including Aug.
1944,
certificates
160, p. 572.
for
the
common
Co.—Earnings—
stock
28 Wks. End.
from
tax
and
for
535,407
8,633,278
-
!
share
pending plan for the liquidation and dissolution of Power.
The amended plan, as approved
by the Commission and upheld by
Cr6,40O
$638,044
$823,047
$2.49
period____
64,000
Cr40,200
profits tax_-_„
$3.22
;
profits carry-over credit from prior years.
The savings
resulting therefrom amounted to approximately $220,000
No such carry-over credits were available for the
excess
taxes
period.
period.
722
and
1943
.yx:Jx-O',
x-x-x
intends
company
Section
be
to
file
the
of
The
1944.
anticipated.—V.
159,
•
Tradesmens
The
Philadelphia,
bids
receive
National
will
Pa.,
for the
sale
p.
results
profits
excess
Code
in
such
of
relief
tax
respect
of
claim
a
the.
cannot
2241.
•x'-y ^:.\
;
U-t. V'':\
:
;
• x
Bank
it
&
Trust
trustee.
Co.,
oclock
12
of
Noon
320 Chestnut
(EWT),
Aug.
on
26
1st
mtge. 6% sinking fund bonds to
amount sufficient to exhaust $207,581, at prices not to exceed par
an
and
interest.—V.
'
4
160,
573.
p.
.': • v;•
•
.J:/-;-.s.r:v."•
._
v-'x../
(William R.) Warner & Co., Inc.—Pres. of Subs.—
j
•
■
Sought—
until
to
for
Revenue
possible
x//' _•
St.,
claim
a
Internal
Erwin
Rauser.
former
President
>
Frederick
Stearns & Co., has
subsidiary, which will
market Sloan's Liniment and other proprietary preparations.—V. 159.
Joined
p.
of
the above company as President of
1082.
new
a
"
!
Warren City Mfg. Co., Warren, Ohio—Acquired—
See
Graham-Paige
Motors
Corp.
above.—V.
159,
Washington Gas Light Co. (& Subs.)
i
revenue
776.
-Earnings-
ex -1944
12 Months Ended May 31—
Operating
p.
1943
v
$14,020,967 $13,190,899
Operation
8,111,867
989,540
Maintenance
for oper.
charges deferred because of
7,774,805
624.448
war
■
2___
conditions
-
234,216
;
787.749General
taxes
860,373
for Fed.
Prov.
taxes
& exc,
profits
852,261
662,000
862,985
$2,288,651
taxes.
income
2,086
Gross
income
13.669
;r
Interest
other
and
$2,302,320
$2,266,942
deductions
930,067
906.564
$1,336,875
$1,395,756
2,838,888
"134,145
144,417
1,567,980
1,393,850
income
Net
1,602,850
158,325
1,296,555
Dividends
150
1,800
$400,089
$5,164,619
470,015
stock.
1,587
12,427
9,510
$401,676
$5,177,046
$4,748,107
216,334
2,978,506
159.
2,677,880
p.
$1,028,943
2348.
H.)
366,813
$866,860
preferred
on
(Albert
$4,738,597
1,395
-V.
1,800
$278,148
161,563
income
Weinbrenner
Milwaukee,
Co.,
Wis.—*
Group Insurance for Employees—
security has been established for its employees by this
shoe manufacturers, through the adoption of a group pro¬
which includes life insurance, accidental death and dismember¬
ment coverage, and
sickness and accident benefits, Albert H. Wein¬
brenner. President, announced.
The group plan, whose benefits are for employees of branch offices
as
well as those of the head office, is being underwritten by the
Metropolitan Life Insurance Co. on a cooperative basis whereby the
employees contribute fixed amounts and the employer bears the bal¬
Three-way
company,
$117,975
——...
to
pfd.
stocks
for
$185,342
the
period
$2,198,540
$2,070,227
1,704,761
1,704,761
368.
p.
Insurance
gram.
'xv
■
.
Operating
revenues
Operation
1944—Month—1943
—.____
$2,920,095
—
1,077,147
Maintenance
Depreciation
Federal
income
11,039,074
2,763,349
634,401
6,596,326
6,669,924
238,739
Net oper. revenues...
Other income (net).
'
Balance
an
J
amortization..
Balance
—V.
160, P. 157.
by the plan are located at Marshfield, Mer¬
Wis.—V. 125, p. 2685.
r:'x-
Westchester Lighting Co.—Earnings—
1944—3 Mos.—1943
Period End. June 30—
Operating
,
1944—12 Mos.—1943
$4,591,016 $19,165,723
$5,068,746
revenues
$19,052,428
2,631,821
expenses
Maintenance
2,336,080
10,260,011
331.399
Operating
272,439
1,189,234
10,323.210
1,033,380
2,925,255
$2,379,583
564,000
495,000
751,248
713,210
2,287,000
2,961,079
$790,278
$774,287
$2,468,399
Dr4,033
Dr2,468
Drl8,227
Dr4,052
S786.245
$771,819
$2,450,172
464,359
470,995
1,895,084
$2,375,531
1,910,832
$321,886
Depreciation
$300,824
$555,088
$464,699
—__
_i__:
—
217,344
2,755,722
2,517,070
"■Gitoss income
Income
>
$532,194
2,751
Net
deductions
income
•Includes adjustment of
period.—V. 159, p. 1807.
*
*
*
2,391,000
Federal
-
income
tax
accruals
for the
1943
•
_____
$505,849
$6,383,035
JDr2,162
99,916
$6,206,635
Dr217,022
Wellington Fund, Inc.—Semi-Annual Report—
The
Int.
cost.
net
covered
2,289,059
2,832,859
597,180
...
2,561,952
234,983
_
,
13,134,738
185,005
238,111
taxes..
entire
Non^operating loss——
$2,723,146 $34,264,632 $31,485,111
945,564
the
branches
1944—12 Mos.—1943
236,724
.....—_
of
The
rill and Antigo,
Operating income
Virginia Electric & Power Co.—Earnings—
Period End. Apr. 30—
ance
0
•Taxes
x:xx-'x
company has filed
with the Securities and Exchange Commis¬
modification of its dissolution plan which would
provide for an
Interim distribution of common stock of
United Light & Railway Co.
to the preferred stockholders of Power
prior to final court review of a
577.000
402,000
Balance
—
599.779
369,000
surtax___
Warner Co.—Tenders
7,623,889
1,257,263
Co., Philadelphia.
The purpose of
the loans, arranged with the assistance of Goldman,
Sachs & Co., is to provide the company with a portion
of the funds necessary for its post-war development pro¬
listed
a
$2,057,426
$2,264,856
118,267
_
applicable
160,
tual Life
conversion of
previously
163,714
$1,917,070
548,226
preferred
per
the
Other
$279,543
charges
$1,893,712
1944—12 Mos.—1943
150
(net)—
414,347
$1,732,772
operations..
tax.,
x,•"
shall
'
revenues-.-
income
6,043,695
463,734
expenses
___
income
that
years
limited-term
oper.
16,225,812
6,824,664
184,298
profits
The
$1,497,380 $18,018,790 $18,102,579
258,992
July 3, '43
19,493,705
_____
_____________
administrative
Income
1944
(& Subs.)—Earnings—
102,976
27 Wks. End.
$28,514,876 $24,577,567
''x:;x:--
1944—Month—1943
<
,
■
income
under
15, 1944,
completed arrangements for an aggregate of $1,500,000 15-year 3%% sinking fund loans with Metro¬
politan Life Insurance Co., New York, and the Penn Mu¬
outstanding.—V. 160, p. 472.
and
such
for
immediately in
by the
has
of
United Light & Power Co.—Asks SEC to
Permit In¬
terim Stock Allotment—
^
sion
15,
$9,581,540 $67,137,164 $63,465,552
-
calculating the provisions for Federal income taxes 'for the
27-week period ended July 3, 1943, the company took into considera¬
,
and
.
Note—In
Pror.
that until
for
out¬
-
1944—7 Mos.—1943
income
Net
represented
,
appropriation;
Other taxes
».
stock
shares
424,600
1944—Month—1943
goods sold_-_.________.____
Earnings
pany,
par value, payable Sept.
distributions were made on
be issued in exchange for and
present
receive
to
ton
-
$9,867,426
_
Post-war refund of excess
tion
include
Uxbridge Worsted Co.—Private Financing—The com¬
woolen and worsted fabric manufacturer, having
plants in New England and Georgia, announces that it
reserves
Exchange has k authorized the listing of 2,325,stock (par $13.50), on official notice of issu-
/33!est s^ares
o?
23,252,000
and
of
Stock
York
$0.60
July 8, '44
Depreciation
*
common
taxes,
...—
profit
Other
(incl.
$30,951,066;
on
New
of
254,561
reserve
gram
156.
New York
shares
shares
Gross income
construction,
surplus,
Net
•
stock.
after
of
Interest
United Gas Improvement
Co.—Listing of Capital Stock
The
the
of
Co.
Trust
'-"
Other
v
March 1 and June 1, last. In 1943, the
following dividends were paid;
March 1 and June 1, $2.75 each; and
Sept. l and Dec. 1, $3.50 each.
Arrearages as at June 1, last, were reported to be $8.12% per share.
—V.
&
;v
Net
$2,767,475;
$5,305,605;
aid
of
General
the
Co.—Voting Trust to Terminate—
investments
$3.50 Preferred Dividend—
dividend
with
troubles
Higbee,
Mr.
certificates.
Period End. June 30—
Amort,
inventory adjustment,
in
profits
1902.
p.
of delivery and selling expenses, including
advertising
in rubber
developments
circuit
$8,840,120
Cost
water,
to
Pictures
therefor
reserve
total. $258,272,811.
accumulations
cause
it was stated.
insulation cited by
Deprec. and prop, retire.
Liabilities—$7 cumulative preferred stock, $44,982,200; $7 cumulative
stock, $88,468,000; common stock ($1 par), $7,818,959;
long-term debt, $28,900,000; note payable. Electric Bond & Share Co.
(without collateral), due on demand, $25,925,000; accounts payable,
$200,431;
power,
wire,
Nubun
Bank
trust
second preferred
other
Cost
ap¬
159,
Net
time
war
which
forces
Other taxes
demand, $9,219,928; special deposits, $13,218; working funds, $44,616;
temporary cash investments (U. S. Government obligations), $1,456,000;
notes receivable. $595;
accounts receivable, $1,350,848; materials and
supplies,, $264,039; prepayments, $44,363; other current and accrued
$27,237;
of
Operating revenues —$1,224,747
Operating expenses
'Y 591,061
Balance Sheet, March 31, 1944
uncollectible
result
Utah Power & Light Co.
1,698,771
85,322
.
deferred debits, $482,387;
$0.53
---■
Assets—Plant, property, and equipment (incl. intangibles), $29,242,495; investment and fund accounts, $216,139,702; cash in banks, on
for
a
Federal taxes
income
interest
of
be the only delivery.—V.
Crl60
$2,472,550;
been
The voting trust agreement under
this company are deposited will
and
$2,869,368 $11,341,301 $11,152,841
501,525
1,879,575 ' 2,006.100
375,000
-
assets, $14,619;
has
deliveries against transactions in the common stock
jnay be made with
either voting trust certificates or certificates for the common stock,
9,980,701
9,430,540
notes & loans,-
to
is
The Committee further ruled
ft
48,750
Int, chgd.
type of
the common
(nat¬
deductions
York
stock, series B.—V.
In view of the foregoing, the voting trust certificates for the com¬
mon
stock was suspended from dealings on the New York Curb Ex¬
change at the opening of business on Aug. 1, 1944.
The shares of common
stock issuable in exchange for the voting
trust certificates are already listed on the New York Curb Exchange.
Open orders in the voting trust certificates on the books of the
specialists at the close of business on July 31, 1944, was automatically
effective as to the purchase or sale of the common stock.
Effective at the opening of business on Aug. 1, 1944, the unit of
trading and printing in the common stock was changed from 50 to
100 shares.
;■■ ■
■'
The Committee on Security Rulings of the New York Curb Exchange
ruled that any transactions in the voting trust certificates which re¬
main unsettled as of the close of business on July 31, 1944, may be
settled by delivery of either voting trust certificates or certificates lor
$4,309,261 $12,334,093 $10,917,337
2,649,114
(net)---
interest
New
226,048
$0.30
"
sales
'
impermeability
exchange
1944—12 Mos.—1943
collat. trust bds.
'Other
...Net
Corp.
91,084,688
income
on
Other
Gas
(United
$4,944176
debentures.—.—
on
on
$8,162,195
1S44—3 Mos.—1943
-
income
of
rubber latex insulation for
synthetic
destructive
to
this
National
185,277
approp;
revs,
gas)
of
voting
$7,976,918
714,648
res.
oper.
Int.
$7,631,279
213,952
.
Int.
$3,248,978
$7,417,327
[—-——_
taxes
Other
Cr54,755
41,581
taxes
ural
Cr25,569
$3,207,397
Statement
natural gas
revs.,
Net
73,873
Crtl8
-
195,000
77,683
Operating expenses
Prop,
1.999,765
304,732
$3,020,113
Income
Other
1,904,991
35.001
mi¬
Period End. March 31—
Federal
516,260
'
$3,097,796
Balance
Oper.
1,500,000
48,750
42,793
DrlVJ
Balance
nority
City
$8,685,816
127,616
Period—
which shares of the common stock
be terminated on Aug. 31, 1944.
The transfer books for the voting trust certificates will be perma¬
nently closed at the close of business on that date.
Holders of the
voting trust certificates have been requested to surrender such cer¬
tificates as early as possible at any time hereafter to the Commercial
$11,510,433 $11,876,078
1,500,000
195,000
460,005
_____
chgd. to construct.
Portion
the
cumulative preferred
3.
Universal
of
345,828
447,248
12,799
$4,024,461
debentures
on
of
Bank
$4,517,808
80.27
,
excess
;
presently
$4,211,072 $11,063,185 $11,530,250
$4,007,520
income
Interest
National
and
160. P. 232.
Excess
12,495,675
11,828,421
3,246,406
income
Ward Baking
laminated construction, and perfect
centering of the conductor to produce an insulated wire of maximum
conductivity and minimum diameter.
Nubun insulation is made from a special modification of buna S
synthetic rubber.—V. 160, p. 572.
"
Gross
Insurance
The Great-West Life
Syndicate, Minneapolis,
Investors
.
1944—6 Mos.—1943
depreciation. State and social security taxes and
_j
—V.
Co.;
Insurance
Canada;
(& Subs.)—Earnings—
New York;
National Life
Lincoln
Co.;
Federal
Ind.;
insulation
new
ibility,
6.942,365
3,158,649
revenues-
income
8,824.481
to
114,722
__
share
Period End. July 31—
,
Sales
res.
______
Other
2,602,776
option
Walgreen Co.—July Sales Increased 3%—
x
corporation's general funds.
Insurance
.....
standing.—V. 159,
with
Qualities
1,341,138
—_i___
Federal
Normal
use
1944—12 Mos.—1943
3.435,374
__
rentals of
of the
purchase
outstanding
and
operation
or
$4,327,664
profit
•After,
and will permit the design of new types of wire and
improved electrical and physical characteristics.
Made by the new famous latex continuous dip method, Nubun will
have
great
advantages over ordinary wire where replacement and
space are important factors.
Fire alarm, wire and cable police com¬
munication systems as well as other highly essential telephonic sys¬
tems will be more easily replaced and serviced and will have greater
$17,846,431 $16,610,723 $57,932,147 $55,931,105
20,399,131
21,495,645
5,252,031
5,903,750
___
Operating
•Net
tEarned per com.
Net
Aug.
on
The
1944—3 MOS.—1943
10,000 Shares of
technology
(& Subs.)—Earnings—
-
obligations
1944—3 Mos.—1943
sales
Total
Corp.—Sells
The Mutual Life Insurance Co. of
Winnipeg,
new
a
resistance
United Gas Corp.
other
assumes
Waldorf System, Inc.
cable
sugar-cane products in Cuba.
©f 10 shares, all subscribed at
Period End. March 31—
and
respect to the use, maintenance,
the Hannibal.
The lessee has an
Period End. June 30—
lighting
and communication cable has been developed by this company, it was
announced by C. W. Higbee, Manager of the wire and cable depart¬
in sugar cane and manufacture of sugar, molasses and other
Its issued capitalization will consist
$100 per share.—V. 160, p. 231.
dealing
Chase
Nubun,
Sugar Co., a new wholly-owned subsidiary, has been
in Delaware to engage in the business of growing and
Incorporated
thereon,
in
of
the leased property for $2,400,000, free from liens of
any
mortgages thereon.—V. 160, p. 473.
'"xx-Xv;
United States Rubber Co.—Develops New Product—
Fruit
united
taxes
lessor
_____________
Subsidiary-
United Fruit Co.—Forms Sugar
*
Life
Wayne,
Co.,
-;"v.
x
The
367.
p.
is being operated by the Wabash under the terms of a
dated Aug.* 1, J 923 at a rental of $120,000 a year.1 As
consideration, the lessee maintains the property, pays
the
property
cumulative preferred stock, series B
pointed registrar of the
p. 2680.
scheduling were given as factors responsible
160.
Fort
Minn.
Chicago, adds 5,300 daily scheduled miles to the company's operations.
This is being accomplished with a fleet of 42 planes as against 81,000
miles daily operated with#a fleet of 67 planes prior to the war.
Im¬
proved maintenance and
Plywood
were;
Mutual
Assurance
miles
plus
service,
Penn
Co.,
daily for the accommodation of war-time passengers
and cargo, it was recently announced.
Leon Morrier, District Traffic Manager, said the new transcontnental
of. 87,000
purchasers
The
of a new coast-to-coast schedule, Aug. 1,
to reach an all-time high operating record
inauguration
States
have been added to the
Operating Record—
the
With
of
part
the
($100 par). The transaction was consummated through
Eastman, Dillon & Co.
The stock was sold at a price
102 plus accrued dividends from July 1, and the net
proceeds to the corporation amounted to $1,024,625 which
'
Net
It
lease agreement
of
Fed. & State
for
miles.
Hannibal.
■
shares of its 4:V2%
$3,569,653
124,957
taxes---
earnings
the purchase by the company of a
facilities of the Missouri-KansasMoberly to Hahnibal, Mo., approximately
approved
appurtenant
from
from
Power
xXx>^y.yi:y, :.W:x>x.x;; ";x/■•■xx;xxx'X;C;:
United
§6.940,707 $15,813,468 $12,710,062
5,149,517
11,152,602
9,140,409
$2,912,797
Sc
exps.
Net
367.
p.
3
and
extending
The line is part of a branch of the Missouri-Kansas-Texas extending
a main-line connection at New
Franklin, Mo., through Moberly to
a
of
Preferred Privately—Corporation announced Aug. 8 that
it has sold to a group of six institutional investors 10,000
1944—6 Mos.—1943
$8,577,853
5,665,056
160,
472.
p.
Comparative Income Statement
revenues
69.75
affirmed
Aug.
on
railroad
RR.
.
"
Operating
Appeals
Philip T. Sharpies of Philadelphia has been elected a director of this
corporation.
He
is President and director of Sharpies Corp.
and
Sharpies Chemicals, Inc., and is also a director of Fidelity-PhiiSdelphia Trust Co. and the Provident Mutual Life Insurance Co.—V. 160,
for the return of its employees
1944—3 Moa.—1943
of
stockholders
common
U. S. Industrial Chemicals, Inc.—New Director—
said
Period End. June 30—
the
ICC
of
Texas
the
—V.
Mr. Patterson.
"A letter has recently gone
out to each of them and in it a definite plan for reassignment is out¬
lined.
Your company believes that the outlook for post-war growth
of commercial air transportation places it in a favorable position to
absorb employees returning from military service without disturbance
to its presently employed personnel."
military leave."
Court
appeal by Otis & Co.,
upon
tended
Oakland.
Lines continues to plan
"United Air
line
the action of the District
preferred stockholder, who con¬
should not participate in
the distribution of Railways' common stock.
On June 12, 1944, the
U. S. Supreme Court granted a petition by Otis & Co. for a writ of
certiorari
to
review the judgment of the Circuit Court of Appeals.
year.
training program
on
Circuit
Court
As of Aug. 1. United's commercial passenger-mailexpress schedules called for approximately 7% more daily miles than
were flown at the company's pre-war peak with a much larger fleet.
The report disclosed that United Is. expecting a curtailment of its
domestic military contract services for the Air Transport Command,
but that such
operations are being continued by the company to
Hawaii, the South Pacific and Alaska.
United also is carrying on its
modification of four-englned bombers at Cheyenne,
Wyo.f and its
^period of last
Wabash RR.—Purchase Approved—
The
Power'6 common stockholders.
to
United for the first half
the figure for the same
Average dailjr hours per airplape flown by
of 1944 increased approximately 10%
over
Monday ,■ August 14, 1944
$534,945
156,822
$503,687
157,806
1,895,272
1,852,427
$378,123:
$345,881
$4,587,679
$4,137,186
$6,482,951
$5,989,613
stockholders'
shows that
on
report
June 30,
for, the
six months ended June 30,
1944,
1944. total resources of Wellington Fund now
level, compared with $9,700,000 a
year ago.
The increase during the year resulted not only from the
profit and appreciation in securities but also from the increase in
shares subscribed by investors.
Outstanding shares also reached a
exceed
$13,000,000,
a
new
high
Volume
-Number 4307
160
THE COMMERCIAL & FINANCIAL CHRONICLE
point.
During the past six months over 600 new share¬
purchased Wellington shares and many old stockholders have
high
new
holders
added
their
to
Wellington Fund results for the six months show a 11.41ft
in asset value, as shown below:
per share
,
value
June 30,
period
share,
per
Distributions
for
paid
1944,
____
Feb.
Aug. 1,
The
.38
_
Totah
value
Assets
share, Dec. 31,
per
1943-—.
1,
be
to
Wisconsin Central Ry.—To Pay Interest—
1, 1945, and Feb. 1, 1946, at 2.75ft; Aug. 1,
Aug. 1, 1947, 2.50ft; Feb. 1 and Aug. 1. 1948,
2.25ft; Aug. 1, 1949, and Feb. 1, 1950, at 2ft;
and Aug.
l
1954,
offered
bids
for
sale
to
increase
Percentage
__
increase—.____
•.-!
Income
.
u.—___________
—
•
—
'•
■
'■
••
>'
•.
•7
'77
•
Income
dividends, etc.__
interest,
from
.
• •
bases the average
.
Statement, G Months Ended June 30
approximately
:-777777v777:7.777'71944
Deductions
made
11.41
j,
7,•
Gross
19,486
net
Net profit
--7
income
$240,567
358,653
204,127
$387,803
'7
160.
less
the applicant will be
.k
573.
p.
dis-
returns
and
>
of
•v
'-1944—6
Total
7
income
.
_______—_
.
1,053
Dividends paid
'
sales, incl. tax.,
&
•'
*
> ;;
.•
23,383,853
-'v
,
475
219,680
$161,396;
marketable
$68,136;
Sheet, June 30, 1944*
Balance
-
interest
investments
accrued
at
■
(market
cost
-
.
dividends
and
•
Liabilities—Federal
.
fee,
taxes,
value,
$3,717;
State
2,574,789
<4,972,207
Profit
from
management
provision
$8,178;
1,323,652
1,255,844
260,165
280,401
516,068
Interest
accrued dividends on own shares sold, $191;
capital stock'(par $1),-$768,705; capital surplus, $10,546,782; earned
surplus, $337,176; treasury stock at cost (662 shares), $11,242; total,
$11,684,062.—V. 159, p. 1807.
; ' j; ; ^ t
legal
$5,000;
expenses,
7- 64,967
140,699
discount
Prov.
2,931,017
7
153,533
340,229
.338,287
.1,880,938
-3,907,374
3,762,840
$1,751,860
$3,519,430
$4,269,955
Profit
2,617,568
$2,155,758
$4,824,954
Other
from
147,895
344,015
$2,303,653
$5,168,969
$5,224,519
income
Prov.
increased
June
have
There
been, called
for
; .12 Months Ended June 30—
Operating
-
,
1,198,000
857,000
Earns,
$2,061,616
$2,290,401
excess
$1.08
$1.54
$2.03
adjustment
an
that
so
the
of
profits
excess
provision
therefor
liability for such taxes.—V. 159,
sales,
$2.43
"
for
profit
Net
:
'
660
Provision
$371,869
156,601
Post-war
158,995
$148,405
$215,269
148,405
.
...
As' of
June
30,
$19,500;
revenues,
prepaid
total, $8,412,310.
773.438
$448,348
117,677
$223,915
..
.
$206,133;
par),
no
long
debt,
term
common
Total
Net
surplus since date
641;
earned
propriated
credit
total,
$245,603;
plant,
of
stock (50,000 shares, no par), $1,000,000;
current liabilities, $290,795 deferred lia¬
contributions in aid of .construction, $312,reorganization (Nov. 1, 1925), $98,472; ap¬
invested
2018.
since Jan. 1, 1942,
$8,412,310.—V, 159, p.
in
new
$337,823
and
Federal
Net
The
company
holders
stock
of
share of
each
amount;
in
six
stock of
184,063
265,000
Crl5,166
Cr23,000
taxes
leased
Chicago & St.
Exchange Offer
Companies—
Telegraph Co.,
for
jnany
and
The ICC on
and liability in
and
exceeding $1,140,000
of
of
the
Cameron J. Davis states
year-end market value
of the Fund's investments exceed¬
the
book
their
value
$2,200,000.
tention
to
the
fact
in
hank),
accounts receivable
$227,504;
S.
by approxi¬
calls
He
that
at¬
of
the
this
corporation
and
SB2C
been
has
it
awarded
been
has
undisclosed
an-
Hell
Diver, Mr.
building
wing
announced on Aug.
was
and
to
Third
been
United
turned
rate
of
number
Securities
States
Government
owned by
the Fund represent ap¬
of 1943.
an
saved
by
2
$24,797,588 $23,025,837
profits
partly
excess
profit
on
1
2,365,219
estimated
rate
to
for
solid
and
'/'■
1944.
30.
be
1,644,360
$675,562
22,310,155
25,411,433
30,311,714
128,116,866
effective
for
(After
year.
price
2,319,922
1,792,000
fiscal
entire
reduction
redetermination
of
year;
$2,080,967
during
1943
cftw
mon6h»
nine
.■
the
method
time
has
was
only
not
formerly
by excessive heat generated
out
without
one
announced
Loans
The
shareholders,
at a special meeting held on July 21 voted t®
stock by authorizing an issue of 80,000 share#
cumulative preferred stock, redeemable at $26.25.
The company has acquired two St. Catherine Street locations prep¬
$25
the
of
car-
on
Aug.
4 by
an¬
the report
the
Church
$34,649,409 at the end
The fund is administered
actuarial reserve basis un¬
supervision of the Insur¬
Department of the State of
Included amongst the
liabilities are the reserves which
the
ance
York.
a
required
aratory to entry into the Montreal field. To finance development of
these
properties as well as the Vancouver location acquired a few
ago, the company has decided to give the directors authority
to
issue
$1,000,000 of the new stock at their discretion, and
The
Lau
.
shareholders
•preferred
He
made possible
tube sec¬
proved
them
to
Paris,
much
it
was
1ft.—V. 159,
investment
p. 682.
equipment have
of
the
past
relations
operating manager in
the factory ac¬
Rising—
months
seven
has
that of
exceeded
preceding month, with each successively the largest month in the
company's history, Commander E. F. McDonald, Jr., President, told
stockholders at the annual meeting.
are
for aircraft equipment and at
substantial
August
is
said
civilian
backlog
of
orders,
expected to set
the
them
for
"If
have
another
work
we
The majority of Zenith's contract#
the
present
Commander
still
engineering
models.
radio
mitments
is
can
high
done
or
time,
made,
said
that
we
is
a
very
so
stated,
thai
mark.
nearly
done
get the materials,
been
there
McDonald
be
can
and
in
post-war
on
already com¬
in €0
production
days," he added.
Commander
its
McDonald
engineering
staff
mitted
to
of
models
supervisor of
to
each
in
the
on
industrial
being paid
satisfactory
a
dividend by
Zenith Radio Corp.—Production
of
work
hearing
many
on
work
during
German
and
confidential
aids
was
Zenith
now
the
war
other
war
about
had
because
able
of
designers who
contracts.
a
been
thousand
He
a
said
day,
to
the
do
its
presence
not
were
that
per¬
produc¬
with two
new
planned for the near future.
New Vice-President—
W.
E.
Fullerton.
President
are
been
has
annual
ex¬
232.
which
.
what
of
their
reduce
to
or
Production
straighten
to
Appointed—
E.
was
restrictions.
also has authorized and outstanding $1,000,000 of 6%
stock (par $25), callable at 110ft.
Walter P. Zeller, Chair¬
man,
states that directors have decided against calling the present
preferred stock -at? $27.50 per share and replacing it with a larger
issue ofvnew
preferred because of unwillingness to deprive4 existing
tion
of
to
subject
company
preferred
Canaday,
M.
by gas-welding,
director
as
William
Mr.
160, p.
year
Lau
preferred
5ft
par
months
single failure.-
Frank
of
charge of manufacturing.
War
been
for
Ward
3,500 sets of this vitally-needed precision
counting division.—V.
are
necessary in order to
carry
proximately 31% of the total in¬
certain
additional benefits now
vestment portfolio and that the
Fund's participation in the First, amounting to more than $300,000
in
former Factory Manager, has been appointed Vicecharge of production.—V. 160, p. 232.
in the previous year.
ceived during the year 1943.
In his report as Executive
The report
Vice- states that the unpaid pension
inal promises."
President, Bradford B. Locke an¬ assessments for the entire history
The present Treasurer of the alyzes the increase of $464,694 in of the Fund since March 1, 1917,
Fund, succeeding the late J. P. the surplus of the Fund during amount to less than one-third of
Morgan, is Charles D. Dickey, the year 1943, and points out that 1% of the total payable during
Vice-President of J. P. Morgan & most of this increase is due to that period. 7
v', .'•/!■/7
The Church Pension Fund has
Co. Incorporated, who includes in profits on sales of securities dur¬
three wholly-owned subsidiaries.
his report a detailed list of the in¬ ing the year 1943, plus increased
vestments,
showing
a
market market values, although the trus¬ These are The Church Hymnal ;
value of $37,318,967 compared to a tees of the Fund increased sub¬ Corporation, which publishes
book value of $35,122,289.
The stantially a special contingency hymnals and prayer books for the
Church Life Insurance
average yield on its investments is reserve at the end of 1943 tO'off- Church;
set to some degree increased se¬
now about 3.25%, which is report¬
Corporation, which offers insur¬
ance and annuity facilities at low
.•••?*
ed to be a slight increase over the curity values, v
The Fund is supported by pen¬ rates to the clergy and active lay
average in the previous year. Re¬
sion assessments payable by every workers of the Church, and The
marking upon the interest situa¬
tion, Bishop Davis states that the parish, mission and other ecclesi¬ Church Properties Fire Insurance
investment policy of the Fund is astical organization of the Prot¬ Corporation, which insures prop¬
based
Episcopal
Church,
each erty belonging to or closely af¬
upon
the principle that estant
It is
pension
assessment being filiated with the Church.
"safety of principal is far more such
important than a higher current fixed as the equivalent of 7 V2 % stated in the report that a consoh- 7j
income at the risk of capital loss." of each clergyman's salary.
The dated balance sheet of The Church
He calls attention to the fact that total
receipts * from pension as¬ Pension Fund and its affiliates
beneficiaries in
there is
no
excess
of the
Orig¬
investment of the Fund
sessments in
1943
are
reported
as
would
.
1943
7,103,385
Lauer.
increase
of
three
stated.
Sherrell
sections
production, he said,
This
gears.
also
appointment
says:
amounted to
rate
have
post-war
than
"The Fund is maintained by
New
and
during nine months
effective
June
E.
He
New Industrial Relations Head
$3,545,000.
Episcopal
at
The
Board.
landing
warped
More
nouncement regarding
der
' 1944
$16,689,115 $15,921,651
Zeller's, Ltd., Montreal, Canada—New Preferred Stock
.
plained.
was
amounted
on
/
Issue Voted—.
777.;7777:7f77':v,'7
$2,815,125.
total,
landing gears for the Navy's Grumman fighter plane
approximately 30ft by this corporation during the
the
has
for
$1,400,000, The Church Pen¬ the
purpose of providing pensions
Protestant Epis¬ for the retired
clergymen and for
mately
of
months,
but
tubing
equipment
pension roll of Protestant
Bishop
/
..
'
President, states:
'
r
discharged by the Price Administration Board of all
liability under the Renegotiation Act through Sept. 30, 1943, after aa
investigation that revealed no excessive profits."—V. 160, p. 368.
increased
copal Church reports assets of the widows and orphans of de¬
$37,629,423 as of Dec. 31, 1943, ac¬ ceased clergymen. It was founded
cording to its 26th Annual Report in 1917, and has paid out a total
just issued.
This it is indicated of approximately* $23,600,000 in
represents an increase of $1,358,- pension benefits since then.
126 in the assets of the Fund dur¬
"The
report
emphasizes
the
ing the past year.
fact that as the assets have grown,
In. his
report
as
President, so have the liabilities, which
ed
for
Willys
sion Fund of the
that
and
Commando
Curtis
C-46
,
Second
With the annual
;
$573,219
cancellations
balance
intakes
six
The
also
" ~
taxes_______.__
booked
"We
the
air
been
faster
Erie Railway—Equipment Trust Cer¬
hi j, .
Jul^6 ^authorizsed: the Mihpariy to assume obligation
Episcopal Pension Fund
Reports Assets
ended
period
.
8,108,473
income
contracts)
actual
„
debts of
Much of the increased
ha»e dividend war¬
rants attached entitling the holder to dividends payable semi-annually
over
hand
division
for
that
Chairman
the
:
'
'
profit
ended
income
aircraft
the
tions
procurement of Certain equipment.
The report of the Commission states, in part:
The certificates of the several ,matuHtf<>8 will
2681.
$99,251;
$205,285;
contracts
past
trust
Pittsburgh,
and sold at 99.13 and accrued dividends in connection with
trutee,
$0.74
1941
Landing Gear Output Up 30%—
certificates, series J, to be issued by the Union Trust Co. of
as
$95,529
$0.46
____
Sheet, June 30,
by the substitution of arc-welding for gas-welding in joining
of not
months'
p.
J
for
•1944
of
Production
has
Lafee
respect
six
159,
contracts
proportionate
at
the Navy's
famed Vought-Corsair for the past Awo years.
7''" 7 "
The
fuel tanks—12
feet long and 3 feet in diameter—are to be
manufactured for Curtis-Wright at Buffalo, N. Y., and Higgins Air¬
craft at New Orleans, La., Mr. Sherrell said.✓
years.—V.1£0^. 232.
tificates—
(on
for bad
State
notes
added
Paul Telegraph Co., $60; Empire & Bay States
Telegraph Co., $21,
Wheeling &
$59,088
share
common
taxes,
buretor
$130 principal
Pacific & Atlantic Telegraph Co.,
$17, principal amount.
. - *
The debentures offered will be part of an issue due Jan. 1, 1981,
and while the amount required in exchange for the outstanding stock
of the various companies cannot be determined now because of varving
terms in the leases, the total was. not expected to exceed $10,000,000.
All of the companies involved at one time operated independent tele¬
graph systems and furnished other services on a small scale, but have
been leased by Western,. Union and operated as part of its system for
Atlantic
tax.____.___
production of gasoline tanks, vertical stabilizers
and carburetor air intakes, it was announced
on
July 25 by B. R.
Sherrell, Manager of the division,
.4
v^vv-^Appfoximately 5,000 tanks and about 1,000 fins are to be produced
Telegraph Co., $76; International Ocean Telegraph Co., $100; Southern
&
profits
excess
Willys-Overland Motors, Inc.—Awarded New Aircraft
to exchange its 4ft debentures to
companies on the following basis:
For
the Gold & Stock
for
provided
not. consolidated)
subsidiaries
the
for
1943.—V.
Uncompleted orders not included in sales
___iuw.__._-_.
per
reserve
The
4 offered
Aug.
on
$1A3
amount
__________...i
before
(incl.
Orders
294
income
Contracts—
utility
Western Union Telegraph Co.—Makes
to Stockholders of Six Leased
$1.60
reducing
foreign
earnings
sales
income
•Reserve
payable, $136,606: accrued items, $40,963; Fed¬
and excess profits taxes (less U. S. Treasury
$304,852), $538,417; capital stock, $137,000; capital sur¬
plus, $632,237; earned surplus, $1,362,526; treasury stock, Dr$32,624;
total,' $2,815,125.—V. 159, p. 2018.
eral
tax
new
r
of
insurance,
profits
charges, $332;
(10,306 shares,
participating preferred
surplus
from
of
excess
sales
completed
7,152
$60,21^/, $332,310; inventories, $904,611;
investments, $200,000; plant, property and
equipment (less depreciation reserves of $286,454), $827,560; prepaid
expenses
and deferred charges, $18,604; post-war refund of excess
bilities, $264,598; depreciation reserve, $1,415,038; special reserve, $174,262,; other reserve, $4,768;
in
completed
Partly
Liabilities—Accounts
$4,400,000;
received
Corp.—Earnings—
Completed
$330,671
'
income
profits
excess
Assets—Cash
(less
life
'
.
$3,574,581
$0.95
$174,100
272,010
$3,149,935
"
1944
insurance, etc., $8,325; deferred
non-cumulative
Liabilities—$5
_7..'
■7 9 Months Ended June 30—
1943
$1,221,786
income..
State
for
Balance
(less reserve of $7,334), $72,507; accrued util¬
materials and supplies (priced at average cost),
taxes,
■
•
$1,861,649
$0.82
of
$36,416
$227,985
charges to
Earnings
000;. accounts receivable
$47,152;
■■.
piofits tax.
to
Assets—Utility plant, $7,862,843; special deposits, etc., $183,977; cash,
$117,674; U. S. Treasury certificates of indebtedness (at cost), $100,ity
share.
adjustment
30,-1944, and $195,598 in
4,070
215,269
Other
Net profit
Net income
Balance - Sheet
■ ?
$1,605,982
June
140,099
income
$371,209
and
/
Cr272,8lO
133,434
were
$936,492
income
$307,400
Income
Appropriation to special -reserve
profit.__
com.
■
^
six
; 1944
allow.
profit from operations.:
Other
$306,364
1,036
—.
.
"
'
;
the
$364,014
returns and
>
___«—
Note—Dividends
■
Gross
2,720,189
21,900
"7;;; L_:
Crl33,434
662,798
Other income.
Income 'deductions
per
York
sales
on
"
1903.
p.
'■
discounts,
1,749,000
1,334,340
*
$8,089,411
1,794,750
$4,920,835
865,610
•640,5001
.
the
572,478
less
446,685
.
ex-
post-war
•
:
$4,061,599
\
approximate
taxes
will
sales
of
Total
earnings
Cr232,000
$1,329,010
per com. share
Gross
1943
$1,034,008
Operating expenses and taxes
Net
655,000
$1,068,671
period,
$2,246,482
tax_____
net
taxes
1944
—
Consol.
r
;
:
:
Selling, administrative and general expenses—
$1,100,540
-
-
for
273,274
'•■'■ 77''V?
taxj
of
$7,397,983
244,744
377,606
-
1,481,000
3 Months Ended June 30—
Cost
Co.—Earnings—
794,176
-
revenues
Reserve
J- 596,118
1,326,000
■
Gross
Payment
Western New York Water
"
Willson Products, Inc.—Earnings—
redemption as of Sept. 1, 1944 a total
sinking fund debentures due Sept. 1, 1955,
will be made at The Chase National
Bank of the City of New York, trustee, 11 Broad St., New York, N. Y.
—V.
160, p. 232.
interest.
101. and
583,353
912,000
profits
refund
profits
cess
160,141
382,028
prov.
contingencies
(est.)__ 7
for
'■Represents
months
15-year 3 Vt ft
$275,000
.
294,643
664,000
excess
taxes
Earnings
77/Western; Auto Supply Co.—Debentures Called—
at
Fed.
profit
actual
of
"
income
'
262,658
231,964
taxes__
surtax.)
&
"Includes
Net
79.09ft over
the similar period
over May,
1944.
A 10.48 ft
increase was shown in express pound miles flown the past month over
the like month of 1943.—V. 159, p. 2459. '
miles flown during
last year and 2.15%
excess
Post-war
inclul.
Lines, Inc.—June Traffic Up—
revenue
normal
period
profits
Western Air
*
Passenger
for
Fed.
;
289,615
__+
(uet)___
before
for
382,139
$2,677,286
Fed.
$11,499,110
$8,517,559
domestic
income
Divs. from foreign subs.
$4,842,380
177,591
(est.)
$5,553,901
170,105
2,588,628
2;695,469 "
$2,499,695
bonds___
on
for
taxes
1944—6 Mos—1943
134,349
_________
charges,
<
subsidiaries)
2,020,317
558.844
68,653
Gross income
for
domestic
1944—3 Mos.—1943
$3,942,282
operations
Gross prof, from oper.
wholly-owned
operations
Profit
Other income
1944—7 Mos.—1943
$34,686,383 $238,574,359 $235,054,510
232.
p.
4,766,306
1,517,534
Prov. for doubtful accts.
$12,962,797),
$4,916;
taxes,
to
at said agency, Bank of
1944,
Depreciation.,
____■
Sell., gen. & admin, exp.
43,467,712
receivable,
$11,684,062.
transfer agent fees,
custodian and
$20,639;
total
$1;
21,
1944—Month—1943
$34,646,754
_____
160,
Fed.
and fixtures,
furniture
$11,454,528;
Fourtt>
receiver of the railway
the interest coupon#
pay
573.
p.
(Incl.
Vv^vV^,.
.
46,948,851
1,314,372
expenses
*
22,044,488
2,483,601
Taxes, other than inc..
Assets—Cash,
Aug.
on
Period End. June 30—
maintenance
charges
__
Deprec., amort. & depl.
Selling, gen. & admin.
$354,951
227,633
,
160,
•
$31,527,873 $29,699,899 $63,029,265 $58,975,787
labor, etc.
Repairs
32,377
$558,558
income
Net
39,610 7
,
-
Minnesota.
(Wm.) Wrigley, Jr., Co.—Earnings—
*'
Mos.—1943
"
Management fee
Prov. for Pennsylvania corporate net income tax
payable
Period End. July 31—
.
Sales
,
,■
'V ',v
1
1944—3 Mas.—1943
allowances
Cost
v" '.
''
Period End. June 30—
$183,676
$599,220
from security transactions——,-
annual cost of the proceeds to
1.67ft.—V.
sales,
counts,
Ordinary
Whitman,
of
Woolworth Co.—July Sales Slightly Off—
(F. W.)
Wheeling Steel Corp. (& Subs.)—Earnings—
$203,163
27,637
is
interest
Montreal.—V.
—V.
1943
$268,204
,
—
State
the payment of such coupons have been transmitted
Bank of Montreal. 64 Wall St., New York, N. Y.
Such
In
response
thereto six bids representing 20 parties were
The best bid, 99.13%
of par and accrued dividends, was
by Halsey, Stuart & Co., Inc., and has been accepted.
On these
the
received.
81.80
■■
A.
for
agency.
annum.
''Net
E.
1, 1937, and July 1, 1937, on the first general mortgage
gold bonds due July 1, 1949.
4ft
Funds
bidders being required to name the rate of
by each maturity in multiples of yB of 1ft per
of
Court
1944,
Jan.
50-year
the
borne
31.
has been authorized and directed to
matured
through competitive bidding,
banks, investment firms, and
133
the District
dated July
company,
1, 1951, at 1.50ft, and Feb. 1, 1952,
sent
were
order, of
By
Division,
1%.
at
were
companies,
dividends
15.78
at
certificates
insurance
$17.58
-
1949,
Aug.
Those matur¬
Aug.
and
l,
invitations for
and
V
1,
at the following rates per annum:
1
and
1
1950, and Feb.
through
$17.20
_____
___
.
Feb.
and Feb.
1946,
and
and Aug.
1
ing on
increase
Asset
Feb.
on
holdings.
673
upon
which income
was
not re¬
$1,152,263 compared to $1,083,981
317,164.
show
total
assets
of $44,-
wMWAvri
1199012
111999268705
243
-Gross
Month
of
Of United States
Railroads For The Month Of March
&■
of United States railroads for the month of March
exceeded those of the short month of February and those for March,
Gross earnings
reach the peak figure of $800,232,157 reached in
August, 1943.
Net earnings while above those for February were
considerably below those for the month of March a year ago and
below the all-time high of $332,944,921 attained in the month of
1943, but did not
August, last year.
:
$797,029,214, as compared
earnings in March, 1944, were
Gross
increase of $40,833,500, or 5.40%.
The
increased to 66.17% in March,
1944, from 59.43% in March, 1943, so that net earnings were down
to $269,595,859 in March, 1944, from $306,785,045 in Marcn, 1943, a
decrease of $37,189,186, or 12.12%.
We now give in tabular form
the results for the month of March this year as compared with the
$756,195,714 in March, 1943, an
ratio of expenses to earnings
with
month
same
ago.
a year
(+) or Deer. (—)
Amount
t:/o
Incr.
Milage of 131 roads-—.—-
473
$40,833,500
449,410,669
78,022,686
527,433,355
Operating expenses —...
of expenses to earnings
(66.17#)
$269,595,859
earnings
$306,785,045
When the roads are
—
0.21
+ 5.40
+17.36
(59.43%)
Ratio
Net
229,219
$756,195,714
228,746
-
$797'®29.214
earnings
Gross
1943
1944
Month of March—
—12.12
$37,189,186
arranged in groups or geographical
divisions,
according to their location, it is seen that all of the districts
Eastern Southern and Western as well as all of the different regions
districts—record gains in gross, the increases
ranging from 1.08% in the Southern region to 9.03% in the North
Western region.
In the case of the net earnings all districts and
every region record losses.
The largest decrease is recorded by the
New England region where the loss is 24.63%, and the smallest
decrease of 7.12% is shown by the Southwestern region.
As pre¬
grouped under these
the roads to conform to the classification
Commission. The * boundaries of the
and regions are indicated in the footnotes to the
viously explained,
we group
Interstate Commerce
of the
different groups
table.
-MONTH OP MARCH
SUMMARY BY GROUPS-
-Gross
Region
District and
Earnings
Inc.
1943
1944
New
(+) or Dec. (—>
+
5,064,148
%
1.56
+ 4.02
+
8,488,313
+
$
Eastern District—
28,552,843
Central Eastern region
Total (51 roads)
28,114,292
131,200,654
154,502,194
England region (10 roads)
Lakes region (23 roads)**—.
(18 roads)
Great
438,551
+
126,136,506
146,013,881
+
5.81
13,991,012 + 4.66
314,255,691
300,264,679 +
116,432,727
-
115,198,651
37,155,006
1,234,076
1.08
953,302
2.68
152,353,657 +
2,187,378 + 1.44
Southern District—
(26 roads)
region
Bouthern
Total
154,541,035
-
V*
Northwestern region (15 roads)
region
111999323854626708
T'
163,867,108 +
177,977,802
(15 roads)-
6,318,987 + 9.03
14,110,694 + 8.61
69,941,232 + '
76,260,219
69,769,038
73,994,467
Southwestern region (20 roads)
4,225,429 + 6.06
+
328,232,488
(131 roads)—
districts
303,577,378
+
24,655,110 + 8.1S
797,029,214
roads)
all
Total
756,195,714
+
40,833,500 + 5.40
-Net Earnings
—
6,593
6,599
region.. 25,589
25,710
41,566,260
49,018,660
—
7,452,400 —15.20
23,922
24,037
41,159,866
44,867,311
—
3,707,445
56,104
56,346
90,954,319
104,788,259
1944
Eastern District—
New
England region..
Lakes
Great
—
1943
Incr. ( +) or Dec. (—)
$
$
%
10,902,288 — 2,674,095 —24.63
1944
$
8,228,193
Mileage
District and Region
East,
Central
region.
1943
,
8.2G
—
—
13,833,940 —13.20
Southern District—
37,384
region.
—
7,649,594 —14.28
6,023
16,491,147
18,223,562
—
1,732,415
43,459
62,422,563
71,804,572
—
9,382,009 —13.07
9.51
—
+$22,190,078
205,838,332 v+ 32,887,440
region. 45,636
West,
region 54,970
Southwestern region.
28,650
45,434
22,021,910
25,273,905
—
55,185
64,216,195
72,523,691
—
8,307,496 —11.4T
28,795
29,980,872
32,394,618
—
2,413,746
129,256
129,414
116,218,977
130,192,214
—
269,595,859
306,785,045
—
grouping
234,258
234,692
237,295
660,166 ;:^+
0.26
245,200
243.184
10,595,839
+ >•■•
6.00
246,848
243,598
247,363
246,548
9.27
248.185
247,317
dent Roosevelt stated that
+ 16.17
230,336
228,835
will record
2.92
226,086
225,631
—
15,194,218
238,098,843
+
58,731,563
—
321,317,560
294,068,345
+
27,249,215
+
312,276,881
+
50,484,357
375,772,750
365,096,335
—
.
'
+
10,676,415
213,434
0.32
234,832
233.389
3.51
234,986
234,202
458,462,330
1,483,390
—
456,978,940
473,433,886
457,374,460
16,059,426
,+
504,362,976
—
528,905.183
485,236,559
+
43,668,624
529,899,898
529,467,282
+
432,616
504,233,099
111999243038267570605—
534,644,454
485,498,143
,
473,747,009
504,016,114
—
+ 12.62
59,806,190
533,553,199
„
530,643,758
516,134,027
235,715
—
236,520
236,559
m+
9.00
236,774
236,500
+
0.08
237,804
236,948
4.98
239,649
2 38,729
—
2.15
241,115
240,427
—12.50
242,325
241,964
+
64,595,796
76.672,852
—16.95
242,566
242,421
85,983,406
—22.89
241,996
241,974
69,022,941
75,002,520
—
—23.89
240,911
+ 34.44
239,228
4.2Q
238,011
239,246
9.75
+ 22.53
375,617,147
—
219,857,606
288,880,547
—
292,775,785
217,773,265
+
280,492,018
292,798,746
—
......
307,833,663
377,085,227
280,484,056
+
27,349,607
—
307,749,980
+
69,335,247
282,571,467
376,997,755
—
314,460,087
282.514.278
+
326,243,592
415,525,798
540.299,056
756,250,563
314,460,087
+
326,366,143
+
89,159,655
415,525.798
+
124,773.258
+ 30.03
540,300,226
+
215,950,337
+ 39.97
229,525
231,555
797,029,214
756,195,714
+
40,833,500
5.40
228,746
229,219
—
1937—
-
...
12,306,728
—
-Net
$69,613,713
232,976
233,617
released
232,300
233,020
231,575
232.297
noncombatant duty to man
+
25.86
+
12.44
1911—
69,209,357
78,357,486
69,038,987
68,190,493
68,392,963
+
4.78
+
1.48
7,911,240
29,596,482
82,011,451
40,872,775
27,202,867
+
•
—63.91
13,669,908
+ 50.25
58,538,958
18,656,316
+ 46.78
+
54,637,199
113,697,798
+
3,419,324
117,668,590
109,230,086
114,677,751
—
133,642,754
109,081,102
+
135,691,649
■
.
134,064,291
135,874,542
132,122,686
101,494,027
139,756,091
84,648.242
101,541,509
1,627,358
the roads conforms to the
and the following indicates
of
classification
the
of
of
confines
the
42,447,013
83,942,886
—27.38
—16.64
68,205,090
17,035,708
from
Region—Comprises the section
on
16,283,565
—19.40
+
—
—
+
3,506,818
39,806,551
to
57.398.923
and
north
of
line
a
74,688,342'-
54,100,286
20,588,056
+ 38.06
78,332,834
74,688,343
78,414,722
1941 j
132,899,823
——.
180,204,500
*
-
+
54,485,101
306,785,045
+ 70.31
37,189,186
—12.12
—
Reserve District In June 8% Above Year
The Federal Reserve Bank of New York announced
June
sales
of
department stores in the
over
bined sales for January to
were up
period the previous
year.
ment stores at
end
June, last
The
the
June, 1944,
a
of
June, 1944,
were
on
SOUTHERN DISTRICT
Pocahontas
to
a
the
section
east
point near Kenova,
of
the
W. Va.,
and
Region—Comprises the section north of the southern boundary of Vir¬
the Ohio River north to Parkersburg, W. Va., and south
corner of Maryland and thence by th<
line from Parkersburg to the southwestern
Potomac River to its mouth.
a
WESTERN
Great
Lakes Region, north of
and by
adjoining Canada lying west of the
line from Chicago to Omaha and thence to Portland,
DEPARTMENT
STORE
TRADE
Second
BY
west
of
from
St.
a
line
Louis
Region—Comprises the section south of the Northwestern Region
Chicago to Peoria and thence to St. Louis, and north of a line
City and thence to El Paso and by the Mexican boundary
from
to
Federal
Southwestern
of St.
Region—Comprises
and
a
line
from
the
St.
section
Louis
to
lying
between
Kansas
City
the
and
Mississippi
thence
to
El
In
conclusion,
we now
+
+
1
i
•
—
—
—
<
Valley
+
—
3
—
9
:
+
v;
for the present year in comparison with each year
3
+
+
+
1
L__
S
+
2
+
8
+
8
STORE
SALES
Federal
Reserve
-
are
teach¬
to
gunnery
will"
who
men
day meet the enemy."
fy"
+ 16
T:
V"
v,V;
+
7
+ 11
the
+
+' 5
%_
The
approval
;
President'
by '
Roosevelt of James H.
7
+
•"
.Wright On Coffee Board
--
+14
United
gate -to
■
States
Wright
as.
alternate dele-,
the Jnter-American Cof¬
announced Aug. 5.
fee Board, was
ington. Mr. Wright, who is assist¬
STOCKS
District
(average
average
daily), unadjusted
(average daily), seasonally adjusted
(1923-25
unadjusted
Stocks, seasonally adjusted.
AND
DEPARTMENT
ant to the director of the
—100)
1943
♦Revised.
training flights;
_
OF
(1935-39
Stocks,
preparation of
by the State Department at Wash¬
'
Paso,
back to 1909 in¬
the
number of them
a
craft
C':V.
v
6
+
in
■
6
1
assist
some
+ 11
6
3
—
;1_.
,
9
+
Rochester
+
+
♦Niagara Falls
&
7
+ 12
i___
of.
part
Navy planes for combat, they help
-
•+. 7
9
indirectly
are
3
8
+
7.
+
war
The enemy
ing aerial gunnery and anti-air¬
.
+ 13
*
+14
y
of the
demands for your work.
"Waves
and
.
—
4
+
and
in the direction of
f
1
Syracuse-
;
2
+
3
+
varied
■
+ 10
+
:
,
+ 19
5
4
for
now
3
—10
'fA&?
5
4
'
the Navy
He also
the actual combat forces, for they
6
—
7
+ 15
+
8'
+
J'-.
....
+ 16
1
—
INDEXES
July 30, Sec¬
voiced the hope
on
oversease.
serve
"The tempo
a
climax.
the
8
+
V.
3
Utica
♦Preliminary.
yet
+; ,5
';++ 2
—
+ 13
of the gross and net earnings of the railroads of the country
clusive:
'"•••'
1
7
hand
+
2
—
Central New York State.
on
11
4
+ 13
Mohawk River
address
Forrestal
is rising
is not
beaten, but he is bending.
This
stepped-up push for victory will
increase your responsibilities and
to
* June 30, 1944
8
+
:
Bridgeport
Sales
theatre
outdoor
opportuni¬
interesting'
service, certainly here, and we
hope ultimately in shore establish¬
ments abroad," h^
^aid.
Stocks
+
—
River
a sum¬
the
to
McAfee, director of the Waves,
introduce the speakers."
ties
JUNE, 1944
8
_J
May
June
136
*138
*141
149
132
104
112
118
113
109
111
116
118
122
131
average =
Depart¬
ment's Office of American Repub-
1944_
April
June
furnish in the table which follows
P.M.
(we quote from the "Times") that
hand at the
on
1944
+
and by the Rio Grande to the Gulf of Mexico.
mary
6:30
said:
+ 12
.1
City
♦Northern New Jersey
♦Newark
Sales
Reserve, led by their as¬
sistant director, Comdr. Tova P.
Wiley, will march around the base
of the Washington Monument at
8% above the amount
Jan-June
4-
Second
Louis
thousand members of the
the women's auxiliary of
Reserve District
♦Second District
Kansas
"Ten
Women's
In his
Percentage change from preceding year
the Pacific.
south
a rally of perhaps the
largest gathering of military wo¬
men in American history.
may
on
LOCALITIES
MAJOR
Apparel stores (chiefly New York City)_________
Western
"The celebration here will take
retary
com¬
8% from the same
Their stocks
♦Western New York State
DISTRICT
section
of
the form of
H.
The following is the bank's tabulation:
Binghamton
the Columbia River to the Pacific.
Central
to
a
the
organ¬
72,360,
will
July 21
14% higher than the same month in 1943.
were
Buffalo
Region—Comprises
the
"You will have many
Elmira
Northwestern
of
reached
whom 67,000 are on active duty.v
hand in depart¬
ginia, east of Kentucky and
of
has
Commander in Chief of the
Fleet, will speak by radio
from Pearl Harbor. Capt. Mildred
apparel stores in the New York Reserve District reported
Schenectady
Mississippi River and south
a line thence following the
eastern boundary of Kentucky and the southern boundary of .Virginia to the Atlantic.
River
enrollment
Pacific
year.
Albany
Region—Comprises
"The
ization
itz,
Ago
The
ago.
year
Stocks of merchandise
gain in the net sales in June.
New York
York
Washington July
29, in giving the President's mes¬
sage said:
(New York)
Second
Federal Reserve "District increased 8%
8%
New
from
Secretary Forrestal and
Admiral King will speak in per-..
son; and Admiral Chester W. Nim-
Department Store Sales In New York Federal
an
nation is with
a
the
to
where
Upper Hudson River Valley.
Ohio
+ 35.59
47,304,676
+
4.88
+
+ 69.48
+ 126,662,741
180.147,743
269,595,859
3,644,491
+
-
132,899,824
306,810,484
mouth.
the
"Times"
—51.48
1944
Chicago,
A d vices
+ 55.51
111,501,626
Westchester and Fairfield Counties.....
Southern
5.14
71,708,880
54,102,703
■Net sales
Central Eastern Region—Comprises the section south of the Great Lakes Region
a
line from Chicago through Peoria to St. Louis and the Mississippi River to
of
+
111,515,431
.
east
the
mouth of the Ohio River, and north of the Ohio River to Parkersburg, W. Va., and a
line thence to the southwestern corner of Maryland and by the Potomac River to its
of
+ 97.75
1938
different
the Canadian boundary between New
and the westerly shore of Lake Michigan
Chicago via Pittsburgh to New York.
pride and trust of
you."
—20.11
—36.95
—
England Region—Comprises the New England States.
England
people of this country, I
birthday congratulations. As
you women of the Navy work to
back up our fighting fleets during
the remaining years of war, the
1.21
25,256,013
41,492,272
84,706,410
68,356,0i2
67,659,321
Interstate
the
the
2.97
5.69
+
16,893,267
—
83,939,285
71,711,908
+
—
38,262,064
67,670,702
—
22.52
+
7,516,400
—
"*
4.75
—
4,034,267
+
-13,100,029
—
5,447,665
—
2.48
—
24,561,652
+
131,840,275
139,639,086
1929.
3.01
+
2,914,076
—
performance of vital
Speaking on behalf
offer
+ 92.87
114,754,514
——.
+
117,117,122
-
1924—*.
39,882,642
58,831,644
regions:
Lakes
5.44
—
.
52,414,969
—
June
Great
8.18
—
4,748,470
—
113,468,843
EASTERN DISTRICT
New
+ 42.96
29,378,627
+
87,309,806
efficient
of
3,104,528
96,718,706
82,561,336
con¬
tinue to speed the victory day by
duties ashore.
4,275,145
+
of. them fronv
all our
landing craft in two operations;
the Normandy landing on June G
and
the
invasion of
Saipan on
1.24
+
—
67,452,082
enough
6.18
848,494
1,000,350
64,889,423
88,807,466
-
—11.67
9,048,129
+
—
in uniform took over
They
"The Women's Reserve will
+
—
women
June 15.
8,664,106
>•
fleet,
%
$14,303,842
:
In 500 shore establishments of the
3.75
+
97,771,590
great purpose.
+ 27.31
+
+
;
that the
Tecord
a
the work of the Navy men.
69,658,705
69,168,291
will
fulfilled
234,761
Decrease (—)
68,452,432
Waves
233,659
Increase ( +) or
67,993,951
patriotic women.
"History
235.829
$55,309,871 ^
'
nizes the valuable service of thou¬
sands of
236,607
78,322,811
1916—
Reserve, United States Naval Re¬
serve, the nation gratefully recog¬
238.226
Earnings-
64,893,146
anniversary of
the establishment of the Women's
237,054
1910————.
,1915
July 30 said:
second
234,828
Year
1909
on
the
236,158
Preceding
Year Given
"On
+ 11.31
31,945,809
11,783,505
of
The President in
25.04
+
l—
94,426,288
Month
March
niversary
241,194
452,261,696
f
history
they "fulfilled a
great purpose."
241,489
375,588,844
289,633,741
...
that
his message to the Waves, inci¬
dent to the celebration of the an¬
236,048
•—
—
10,884,477
+
516,620,259
(Women's
235,470
235,424
5.73
3.74
30,628,340
18,864,833
26,410,659
—
505,249,550
452,024,463
212,770
+ 17.72
61,492,190
347.090.277
408,582,467
In
+24.67
253,352,099
296,830,406
362,761,238
119942743302
8
4.72
Congratulate Waves On
Second Anniversary
+
congratulating the "Waves,"
Reserve, U. S. Naval
Reserve) on the second anniver¬
sary of their establishment, Presi¬
.
250,174,257
37,189,186 —12.12
Commission,
and
groups
237,735
238,218
240,510
+
••
238,157,881
—
226,965
4.44
238,634,712
—
12,955,678
—
—
230,263
>
220,421
5.77
+
249,514,091
1933.;
13,973,237 —10.74
229,219
Note—Our
Commerce
+15.98
Preced'g
7.12
—
dlstrlcts_228,746
all
:
Year
'
223,563
.
+
224,608,654
close of the month
Total
+12.09
+
238,829,705
249,230,551
1925...——
3,251,995 —12.87
!•'/<,
Total
>
11,264,790
227,564,915
.....
.year.^.
Given
237,564,332
1914...
in
District—
Northwestern
Central
53,581,010
-
Total
Western
45,931,416
6,002
region
Pocahontas
37,436
43,386
Southern
;;
*
or
Dec. (—)
238,725,772
-
1913.1
that
Total
(\+)
Inc.
.
$205,700,013 $183,509,935
1944.
Total (50
Mileage—
Earnings
Year.,
Preceding
1934——.—.
tVesternDistrlct—
Central Western
Given
1939--..——.
roads)—-.
(30
,
38,108,308
(4 roads)-.——.
Pocahontas region
Year
March
Gross And Net Earnings
Monday, August 14, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
674
142
lie
Affairs,
succeeds
Walmsley, Jr.,
Walmsley has
100)
duties
away
as
Walter
alternate.
been
from
N.
Mr.
assigned "to
the
Depart¬
ment," the announcement said.
•
Volume
160
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4307
.
Condition Of National Banks
Selected Income And Balance Sheet Items
Glass I
Railways For April
The statement of condition of the National banks under the Comptroller's call of April 13,
y
has just been
The Bureau of Statistics of the Interstate Commerce Commission
has issued
19/M1
issued and is summarized below. For purposes of comparison, like details for previous
calls back to and including Oct. 18,
1943,
included.
are
statement showing the aggregate totals of selected in¬
a
CONDITION OF NATIONAL BANKS IN
THE
and balance sheet items for class I steam railways in the United
come
675
UNITED STATES ON OCT.
thousands
[In
1943, DEC. 31, 1943 AND APRIL 13, 1944
18,
of dollars]
:
States for the month of April, 1944 and 1943, and for the four months
ending with April, 1944 and 1943.
'
;
The present statement
representing 135 steam railways.
excludes returns for class A switching and terminal companies.
The
report is as follows:
—All Class I Railways
•
For the Month of April
:
1944
Income Items—
Net
Income...
opeiat.
ry.
income
Other
.
'
' 1943
from
fixed
50,750,433
524,485,445
4,323,766
2,693,787
12,323,528
9,529,478
bonds,
Total
Fixed charges: ■
Rent lor
leased
97,293,248
Inc.
12,428,532
14,074,794
49,968,568
59,264,269
35,832,849
120,130
137,563,984
154,274
145,140,492
499,625
46,873,180
50,420,068
charges
fixed
after
Contingent
charges
50,027,773
88,986,566
'ana
(way
and
structures
&
*~
~
205,733,490
9,511,818
300,539,763
26,514,153
■
10,318,633
58,335,960
40,665,619
120,882,396
411,209,543
420,986,138
stock
275,982
383,082
25,793,247
preferred stock
858,123
852,990
6,636,157
2.08
2.78
2.09
15,165,759*
•
Dividend appropriations:
On
On
105,675,041
105,831,704
'
'
•
-
101,427,220
projects
Federal income taxes
.
common
investments
and
564,415
40,748
33,990
30,764
47,769
47,275
49,374
34,411
26,207
32,582
107,788
101,664
103.024
56,978
56i862
59,153
66,156,984
64,531,917
66,333,134
30,901,323
33,254,837
33,557,069
9,501,379
9,926,259
5,951,128
10,494,797
10,853,187
2,603,884
2,934,654
2,947,639
7,313,763
7,160,133
6,985,579
613,519
929,170
623,232
61,787,055
60,156,181
61,809,980
51,918,952
49,847,504
50,927,316
9,868,103
10,308,677
10,882,6644
36,718
8,155
66
61
61
Acceptances executed by or for account of reporting banks and outstanding
37,836
31,642
37,838
Interest, discount, rent and other income collected but not earned
26,442
23,881
24,472
111,884
118,469
138,829
238,413
234,086
199,550
62,238,414
60,572,475
62,267,330
1,496,455
1,510,737
1,531,515
1,619,769
1,628,622
635,839
541,595
613,174
275,539
266,563
276,228
3,918,570
3,959,442
4,065,804
; 64,531,917 '
66,333,134
Real
with
of
process
other
49,881,637
__
banks,
including
collection
balances,
reserve
and
cash
15,423,238-
■
premises owned, furniture and fixtures
estate owned other
other
and
than
other
assets
bank
premises
-indirectly
estate
real
commissions,
rent and other
bank
representing
premises
income
■;
earned
or
accrued
Balance at end of
i
Selected Asset Items—
x__
assets.
LIABILITIES
Demand
deposits of individuals, partnerships and corporations.
partnerships and corporations...
Deposits of U. S. Government and postal savings
Deposits of States and political subdivisions
Time
deposits of individuals,
•Deposits
Other
banks
of
deposits
•Total
2.51
1944
-
.
1
(certified
and
checks,
cashiers'
etc.)
deposits.
*Deinand
deposits
1,029,368,105
807,482,528
926,109,987
193,359,236
149,293,031
302,228
150,703,451
110,184,941
201,150
279,201
39,564,968
29,876,140
218,843
47,353,377
balance
receivable
'
.
agents
and
liabilities
liabilities.
.116,143,391
Surplus
(see memoranda below)
:
Undivided
Reserves
profits
y
and retirement
account for
459,552,064
417,848,638
21,794,469
19,626,514
1,218,982
896,327
23,592,908
55,460,787
12,277,375
3,633,257,028
3,475,983,440
2,821.793,588
164,721,124
84,296,763
575,296,888
1,768.501
1,185,568
59,675,176
4,547,241,344
supplies
-
Rents
receivable
Other
current
assets
Total current
assets
Selected Liability Items—
-
,
•
Par value of
Class
A
102,805,725
months
1,900,000
159,110,789
88,339,217
379,677,420
377,629,107
307,178,757
Unmatured interest accrued
82,525,600
56,728,812
2,727,500
67,660,389
62,607,387
matured
matured
Unmatured/
dividends
Unmatured rents
Other
tax
86,173,538
42,660,520
2,853,229
58,807,726
liabilities
„
liabilities
.
Other assets pledged to secure deposits and other liabilities, includ. notes
and bills rediscounted and securities sold under repurchase agreement
58,290,303
49,729,903
2,385,336
63,570,707
8,209,549
8,213.031
151,447
11,258
10,356
171,161
161,803
10,889,550
12,743,873
Assets
and
,
14,613,515
'%
427,818
421,334
94,679
97,745
100,960
20,873
14,365
12,550
15,178,346
11,429,478
13,278,717
13,075,738
8,627,686
9,777,077
22,543
8,155
51,600
293
330
574
13,098,574
8,636,171
9,829,251
33,254,837
33,557,069
449,279
for exercise of fiduciary or corporate powers
other than to secure liabilities
pledged to qualify
for purposes
loaned
8,213,031
27.063,157
27,798.555
23,958,427
24,037,127
1,850,290,723
91,606,115
1,272,286,026
69,538,555
1,558,791,542
54,796,243
1,117,951,3*4
accrued...
liability
current
159,903
11,606
—
Pledged assets and securities loaned:
U. S. Government obligations, direct and guaranteed, pledged to secure
Securities
8,323.343
Accrued
164,350
preferred stock
Total
de¬
clared
1,548,298
capital stock;
preferred stock
,
unpaia—
unpaid
Interest
•Dividends
1,532,096
175,956
A
B
deposits and other
115,247,855
50,217,128
3,195,301
Total
l>
1
46,713,998
Secured liabilities:
Total
liabilities.
current
2,113,040,514
2,899,468,066
2,374,890.670
Deposits secured by pledged assets pursuant to
1,769,009,723
U.
S.
accrued
Other
than
ernment
U.
agreements
Other liabilities secured by pledged assets
•Represents
or
1,715,393,940
1,145,673,993
134,896,783
taxes.
S.
taxes
•receivership
chase
tax
(J-c
Government
126,612,033
1,453,901,610,
Gov¬
_
accruals,
trusteeship
104,889,932
$64,717,776;
1943,
including the amount in default.
+For railways not in
the net income was as follows: April, 1944, $41,266,016;
for
months,
•emerged
which
receivership on
from
Dec.
1,
1943, and
1, 1944.
the Akron,
Total
99,450,189
1943, 2.48.
glncludes obligations which mature not more than one year
after date of issue.
••Figures include returns of the Minneapolis and St. Louis which
four
Canton & Youngstown
emerged from trusteeship on Feb.
Reciprocal balances with banks in the United States..
Demand deposits:
Deposits of Individuals, partnerships and corporations
Deposit of U. S. Government:
War loan and Series E bond accounts
-
Assets
of
Federal
the
Savings
during the period, says the
which further report:
income
was
$8,217,758,
after deduction of all operating
ship
advices,
the
Loan
amounting to $452,640.
expenses were equal to only
expenses,
These
Insurance
Insurance
Corporation
branches
of
was
placed in receiver¬ tion."
foreign
249,317
250,587
2,694,905
2,697,661
6,693,091
6,477,686
credit and
checks
409,678
423,999
467,597
613,519
929,170
623,232
51,918,952
49,847,504
50,927,316
9,501,379
83,754
9,926,259
10,494.797
6,134
5,782
6,856,696
banks)
Deposits of banks in foreign countries
branches of other American banks, but
(including balances of foreign
excluding amounts due to own
(including
dividend checks), letters of
amounts due to Federal
travelers' checks sold for cash and
Reserve banks
rotal
Time
(transit account)
demand
deposits.
deposits:
Deposits of individuals,
partnerships, and corporations—
Deposits of U. S. Government—
Postal savings deposits
:
,
Deposits
of
American
Deposits
of
banks
Total
Ratio
of
Total,
Total,
Total,
Total,
deposits...
•Excludes reciprocal
above.
36,244
4,053
4,052
10,303,677
10,882,664
19.10%
17.18%
11.17%
—
required reserves to net demand
Central Reserve city banks
Reserve city banks
Country banks
all member National banks.—
"Memoranda"
38,990
17.14%
i
■jWti
43,336
19.10%
banks)
11.30%
11.25%
15.65%
15.54%
foreign countries (including balances of foreign
American banks, but excluding amounts due to own
branches)
time
5,531
249,978.
239,749
in
branches of other
foreign
of foreign
'•
9,868,103
subdivisions
banks in the United States (including private banks and
branches
92,062
93,844
229,447
Deposits of States and political
$41,406,000
During
institution
239,114
subdivisions
—
•Deposits of banks in the United States (including private banks and
American
6,853,484
5,602,185
2,374,437
Deposits of States and political
rose
assets now total nearly $4,600,to $49,279,000.
000,000.
Their investors include
the
year
$409,884 was
3,800,000 individuals and others,
charged against reserves, repre¬ whose investments in the institu¬
senting settlements in the form of tions are
safeguarded against loss
contributions by the corporation
up to $5,000 by the Federal Sav¬
under the law to prevent default
of insured associations. No insured ings and Loan Insurance Corpora¬
from
10,524,185
"Net
Corporation about one-half of the corporation's
increased by $8,382,000 to a total
interest income from invested re¬
of $151,631,000 in the fiscal year
serves for the year.
ended June 30, it was reported
"Savings and loan associations
cn
Aug. 5 by William H. Hus¬
protected by insurance numbered
band, general'manager. Over the
2,461 on June 30, a gain of 33
same twelve months,
reserves of
during the year. Their combined
and
—
;
——
foreign branches)
and cashiers'
Savings & Loan
Insur. Corp. Assets Up
360,484
30,901,^23
»
Other accounts
Certified
Fed.
•v)
1,018,501,155
the four months ended April, 1944, $162,101,565; four
months ended April,
1943, $228,441,221.
^Includes payments of principal of longterm debt
(other than long-term debt in default) which will become due within six
months after close of month of report.
flFor railways in receivership and trusteeship
•the ratio was as follows: April, 1944, 1.59; April. 1943, 2.90; four months 1944, 1.74;
April.
requirements of law
rediscounts and repur¬
by pledged assets, including
Borrowings secured
Analysis
of
liability:
8,645
1,429,232
1,497,063
Class
accounts
payable
;
9,551
1,404,492
f
and
accounts
payable
wages
Miscellaneous
110,421
w
.*
9,839
Total
2,600,000
16,379,551
465,496,836
:
118,053
122,287
1,364,937
Common stock
152,409,260
129,505,075
13,687,426
r»Q'
flnH
-
211,732,795
{Loans and bills payable—
balances <Cr)
;
capital stock:
preferred stock
stock
h Class B preferred
Class
Audited
1,547,780
MEMORANDA
Retirable value of preferred
maturing
debt
66,156,984
♦Total liabilities and capital accounts—
re-'
ceivable
^TVaffip
preferred stock!
capital accounts
421,173,816
159,716,942
535,435,084
25,444,201
and
Total
130,876,411
517,603,966
20,620,951
,
'
six
ACCOUNTS
CAPITAL
4
519,287,375
143,222,347
667,992,855
Interest and dividends
within
56,600"
re¬
ceivable
IFunded
bank premises and other real estate
on
con-
; ductors Miscellaneous accounts
■
r
car-service
balances
Materials
other liens
Capital stock
'
from
or
•Total
32,173,010
receivable.
and
Traffic
Mortgages
rediscounts and other liabilities for borrowed money
750,347,368
1,315,946,512
<
Special deposits
bills
Bills payable,
$523,351,339
$543,441,240
1,154,889,868
1,068,853,142
and
7,201,664
"
1,764,056,778
Invest*
cash
ments,
Net
1943
1944
-
--
$555,309,314
$587,179,608
panies
Loans
1943
.
x
Cash
•
April
stocks,
other than
those of, affiliated-conn
etc.,
Temporary
542,465
but not
assets
-♦Total
,%
or
;
___
collected
Other
,6,378,953
in
Receivership or Trusteeship
Balance at end of April
All Class I Railways
.
146,186
50,116,263
in
Time
in
1,291,048
23,852,470
••Class I Railways Not
bonds,
1,996,461
1,243,450
149,061
"
charges
.
1,933,187
145,811
15,399,509
/
^Ratio of income to fixed
Investments
36,732,082
47,637,785
204,904,386
310,051,581
9,479,236
196,254,254
2,713,449
86,273,117
26,602,876
defense
543,225
188,075,777
■./,;■
•
equip.)
of
Amortization
\
2,386,791
48,033,277
charges
tJTet income
Depreciation'
514,955,967
34,290,374
-
•Interest
fixed
loans
balances
items
Interest,
Other deductions
Total
]
1
1,266,527
Customers' liability on acceptances outstanding..
"
•
393,809,267
139,014,339
;
roads
and equipment
deductions
1,626,304
1,984,169
notes and debentures
Investments
;
t
9,950,486
10,133,532
32,552,251
f
[
16,080,664
547,470
♦Cash,
Bank
-
for
charges
10,775,316
35,709,814
Interest, taxes and other expenses accrued and unpaid
55,848,840
406,132,795
deductions
available
overdrafts
direct obligations.
Other
13,038,619
141,708,126
income
Income
including
securities,
Corporate stock, including stock of Federal Reserve banks.
•
:
discounts,
Government
Obligations guaranteed by U. S. Government.
Obligations of States and political subdivisions
$473,735,012
$350,283,955
13,943,211
101,617,014
—
Miscellaneous
and
S.
U.
1943
1944
*
$128,669,507
$87,673,803
:—
__
Total Income
•
.
ASSETS
Loans
Other
——
For the four months of
Apr. 13, 1944
(5,048 banks)
Dec. 31,
(5,058 banks)
figures are subject to revision and were compiled from
These
131 reports
1943
(5,046 banks)
Oct. 18, 1943
plus time deposits:
interbank demand balances with banks in
tRevised.
JNot called for separately.
4,053
15.63%
the United States, the
:
19.03%
17.06%
.
amounts of which are
shown
under
the
CHRONICLE
THE COMMERCIAL & FINANCIAL
676
State arid
Monday, August 14, 1944
City Department
BOND PROPOSALS AND NEGOTIATIONS
CALIFORNIA
.r-'
Burlingame, Calif.
System
Proposed—In the July edition of
Publicly-Owned Parking
Plans
Collection
Tax
New
their Florida
municipal bond bul¬
pub¬ letin, A. B. Morrison & Co., Miami,
Areas—The city is planning
licly owned and operated parking
areas in the city's congested areas
Refunding
Proposed
—At
recent
a
! ditional
Bensenville, III.
Manatee, Fla.
Fla.
Dade and Orange Counties,
Discussed
meeting of the City
Council, a proposed refunding for
the city's indebtedness was dis¬
the following:
In the November election there
note
Bond
Ordinance
ordinance
was
An
Passed
passed recently by
will be
constitutional amendment
a
will
bids
a
considered.
be
certified check for $1,-
000, payable to the Town.
the Village Council calling for an
IOWA
issue
of
$15,000 3%
municipal
building purchase bonds.
Dated
Aug. 1, 1944. Denomination $1,000. Due $1,000 Nov. 1, 1949 to
1963. Principal and interest pay¬
cussed, according to press reports.
A representative of the Municipal
Bond and Investment Company,
heavy traffic flow, relatively nar¬ submitted to the Florida elector¬ of Memphis, addressed the coun¬
able
at the
Continental Illinois
row
streets and limited parking ate
which applies only to
the cil on the plan, it was said.
Bank & Trust Co., Chicago.
counties of Dade
(Miami) and
}■ space.
Miami, Fla.
The city engineer's office, aided Orange (Orlando). The part which
New Sewer Tax Would Finance Chicago Board of Education, III.
interests us particularly has to do
by a parking area and alleyway
Warrants Called
J. B. Mccommittee of the local 'Chamber with the assessing and collecting $12,000,000 Sewer Bond Program
—A new sewer tax of $1.25 to $2 Cahey, President Board of Edu¬
of Commerce, has developed pro¬ of taxes. Under present laws a
cation, called for payment on Aug.
a month is in prospect to finance
posals and plans for these im¬ county assesses and collects all
4 the following warrants:
installation of a $12,000,000 dis¬
provements, according to informa¬ county taxes, which include school
Education fund, 1943, Nos. Eand district taxes, on all taxable posal system for the city, accord¬
tion
to
the
American
Public
1534 to E-1684, dated June 1, 1943.
ing to the American Public Works
property within the county.
The
Works Association.
Building fund, 1943, Nos. BPreliminary
esti¬
incorporated
cities
and
towns Association.
Result of extensive studies is a
2646 to B-2866, dated Feb. 2, 1943.
assess
and collect taxes for city mates indicate the tax on resi¬
plan to provide easy, free flow of
Playground fund, 1943, Nos. Pdents for the retirement of the
traffic
on
important
business purposes only on all property
209 to P-225, dated Jan. 27, 1943.
within the corporate limits of the self-liquidating bonds to be issued
Free Text Book fund, 1943, Nos.
streets
with
readily
accessible
will cost the average family ap¬
ciy or town, setting their own val
of
problems
present
remedy
to
.
Enclose
—
Shenandoah, Iowa
Bond
tion
Details—In
Sale
with the
sale
connec¬
of the $54,000
airport bonds to Halsey, Stuart &
Co., as IV4S, at a price of 100.808,
report
of
which
appeared
in
v. 160, p. 476, Nellie Mygatt, City
Clerk, reports that the bonds ma¬
ture Nov. 1, as follows: $2,000 in
1945 and 1946, $3,000 in 1947, $2,000 in
1948, $3,000 in 1949, $2,000
in
1950, $3,000 in 1951 to 1961, $4,000 in 1962, and $3,000 in 1963. A
income
net
basis of about
1.17%.
KENTUCKY
County (P. O.
ville), Ky.
Hopkins
Madison-
Bond Offering — W. W. Rudd,
T-389 to T-420.
parking areas within reasonable
nations independent of the coun¬ proximately $15 to $25 a year. The
Holders of the above described County Clerk, will receive sealed
walking, distance from the main
ty. These city taxes are entirely system will eliminate cesspools, warrants were
business area. The project will be
required to present bids until 11.30 a.m. (CWT) on
septic tanks and the dumping of
financed by creating an assess¬ apart from any county taxes and
them to the Board of Education on Aug. 14 for the purchase of $110,in addition to them. The result is raw sewerage into Biscayne Bay,
ment district within the commer¬
or before Aug. 3,
1944, in order 000 3% school building revenue
that the property owner within a the Miami river and other water¬
cial zone, the cost of improve¬
that same could be verified and' refunding bonds.
city has two sets of taxes to pay, ways. City officials say the sys¬ interest
Dated Sept. 1, 1944. Denomina¬
ments to be borne by property
computed so that cash
one to the county and one to the
tem, which will require a year to
owners within the district.
warrants
drawn
on
the
City tion $1,000. Due March 1, as fol¬
city, payable at different places. install, will put the city on a Treasurer can be issued in
lows: $8,000 in 1945 to 1947, $9,000
pay¬
Detailed studies were made to
Each county has its own assessor sanitary basis as far as sewage is
in
1948 to 1951, and $10,000 in
ment thereof.
determine value of land and im¬
concerned. Miami is the only city
and
provements to be acquired to pro¬
parking areas
vide free off-street
and
property to be acquired for
bene¬
to land within the assessment
entrance and exit purposes;
fits
(district; benefits and damages to
real* estate
in an
established
assess¬
owners
district
ment
the
in
district, and benefits to
whole in relation to
the business district assessment.
business
the city as a
Long Beach, Calif.
Proposes Land Purchase
Bonds
^~The City Planning Commission
has voted to recommend to City
issued
be
bonds
Council that
to
each
and
collector
tax
city
has likewise its assessor and col¬
of
lector. Obviously there is a
United
dupli¬
population
200,000
without
States
the
in
sewage
a
Harlem and Roscoe Fire Protection
District
O. South Beloit), III.
(P.
Bond Election—An election will
of effort and expense, to disposal system,
the association
nothing of the inconvenience said. Details of the program were be called soon to vote an issue of
to the tax payer.
Assesments by nearing final stages with two im¬ fire equipment bonds.
the county and city are seldom portant decisions to be made by
Madison, III.
the same and in extreme cases city commissioners and the city
Refunding Planned — The City
managers: Will the system dump
vafy widely.
Council is planning to issue $2,the sewage into the Gulf Stream
The amendment mentioned pro¬
020,000 bridge refunding bonds.
or will it pipe waste matter back
Due in 20 years.
poses, in effect, to do away with
to a disposal plant in the Ever¬
separate assessments by county
glades.
And will the $12,000,000 Owen Township (P. O. Rockford),
and city, by having only a county
worth of bonds be lumped togeth¬
assessor who will assess all prop¬
f
III.
Bonds Voted—An election held
er with the refinancing of water
erty and a county collector who
bonds for a total issuance of $22,- recently resulted in favor of issu¬
will collect all taxes for county
and city purposes, turning over to 000.000 or will the water depart¬ ing $15,000 road bonds.
cation
say
1952
tion
1956.
to
on
any
Subject to redemp¬
interest due date only
after Sept.
1, 1949, upon 30
days' notice at the face amount
plus accrued interest plus a pre¬
mium of 2%. Bids will be consid¬
on
or
ered only for
the entire $110,000.
Principal and interest payable at
the
Kentucky Bank & Trust Co.,
Madisonville. The bonds
sold
are
to be
subject to the principal and
interest not
eral
or
income
their
being subject to Fed¬
Kentucky ad valorem or
taxation on the date of
delivery
to
successful
the
and to the final approv¬
bidder,
ing opinions of Woodward, Daw¬
$10,000,000 issuance
re¬
son
& Hobson, and Skaggs, Hays
INDIANA
The new sewer tax
& Fahey. of Louisville, being giv¬
under present plans, will appear Boone
<
Township School Township en as to their
voters authorize the program. The amendment in detail but the gen¬
legality. The County
as a separate item on water bills.
commission's recommendation eral idea is to have but one assess¬
(P. O. Laconia), Ind.
1iTiroroft
Twill furnish said opinions and
Officials are studying statutes to
Bond Offering—Everett
would make possible ciy control ing and one collecting agency for
Browni,'printed bond forms> Bids must be
over
all development in the ap¬ each county, and render but one determine whether water service Trustee, will receive
sJ~aled
made on forms which may be secould be disconnected if residents until 2
p.m. (CWT) on Aug. 18 for cured from tbe
proximately 6,000 acres and alle- tax bill covering all taxes for both
County Clerk. Enfail to pay their sewer tax.
J
The the purchase of $6,000 not to exviate any possibility of residen¬ county and city.
If adopted the
d
certified check for $2,000.
7 '
tial subdivision in the area.
The amendment goes into effect Jan. water and sewer board recently ceed 5% interest school building
requested that outstanding water bonds. Dated July 1,1944. Denom¬
decision will be forwarded to the 1, 1945.
LOUISIANA
bonds of $7,600,000 be refinanced ination
No fault, it seems to us, can be
$500.
Due $500 Jan.. 1,
County Regional Planning Com¬
acquire industrial lands in various the cities their respective portions.
provided the There isn't space to discuss the
sections of the city,
ment's
main separate.
b^s
mission
found with the basic idea of the
into
amendment which is to eliminate
involved
lands
all
since
chase
"
in county
are
territory.
duplication of effort and expense.
COLORADO
If
for payment on
calls
er
'1944
the
issue
entire
cial election held prior to Dec. 31,
1944, decide not to
1
ihl'tl
(P. O. Las Animas). Colo.
Call—The County Treas¬
urer calls for payment on Sept. 1,
km Bond
1944 4%
refunding bonds, Nos. 13,
and 45 to 47.
Dated Sept. 1, 1931.
Due Sept. 1, 1932 to 1946, optional
Sept. 1, 1932, through Sept. 1,
,
Interest
date
ceases, on
called.
r
,
f
FLORIDA
Council
at
a
to the
recent
a
meeting au¬
be made as
survey
feasibility of refunding the
indebtedness
at
a
outstanding
lower rate of interest.
for
the
(Shields
f
■
survey
&
Co.,
A contract
with
made
was
York, and
Ogden & Co., of Fort Lauderdale,
who agree to do the refinancing
should the city so elect. The city's
bonded
eral
debt
years
New
was
ago
on
refinanced
a
sev¬
sliding scale
jOf interest, and the current rate is
3%.
it
is
debt
.
With money
now
can
as
plentiful
as
it is the belief that the
be
refunded
on
petition
at
a
of
10%
an electioh may be held
city take advantage of the
if a majority of the
qualified electors so vote.
There
has been considerable opposition
holders,
and the
amendment
to
the
and
amendment
we
think
justifiably so.
Our own view is
that not enough time and thought
has been given to the many prob¬
involved
the
and
amend¬
lower
city
Our
assessments.
indicates
that
assess
a
on
accurate
basis
than
a
•
experience
generally
scientific
more
Where there is
what
cities
do
and
shall
courity or city? That can be work¬
out,' given time, but certainly
between November and January
first,<j-when the amendment goes
into effect, doesn't give enough
time to get more than a good start.
We think also that the collection
of
city
licenses
is
strictly
city
to
the
over
pf
other objections which we haven't
time to go into here but our con¬
principal along with the
interest, and without the necessity
of
increasing the tax rate. ,7,,
clusion
is
county.
that
the
should be rejected.
There
will be made dur¬
ing August and September.
interest
to
Validated—The
3
31/2%
and
mentioned
validated
in
on
iV
bonds,
refunding
v.
160,
p.
273, were
Aug. 4 by Paul D.
Barns, Circuit Court Judge.
Polk
County
and
Special Road
Bridge District No. 11, Fla.
Final
final
Validation
decree
Circuit
Court
was
Decree
entered
—
in
A
the
recently validating
$30,000 SBA refunding bonds for
the District, according to press re¬
ports.
The bonds will mature Oct.
1, 1955.
Avon School District No. 28,
..
..
_
Town
ceive
Clerk-Treasurer,, will
bids
sealed
until
7.30
III.
Bonds Voted—The election held
1944.
De-
Aug.
18
All of said
Jan.
bonds
are
redeemable
1962, and $600,000 in
maturing on or
1950, shall be call¬
and accrued interest
date fixed for redemption on
able
to
in
The bonds
1963.
after
for the purchase of
$42,000 4% water utility revenue
bonds. Dated Dec. 15, 1944. De¬
nomination $1,000. Due Jan. 1 as
follows: $1,000 in 1958, $2,000 in
1959, $3,000 in 1960 to 1962, $4,000
in 1963 to 1969, and $2,000 in 1970.
on
$700,000
re¬
p.m.
July 1,
at
par
July 1, 1949, or on any interest
payment date thereafter, at the
option of the State. In the event
bonds are called for redemption,
notice is to be given by publica¬
tion
in
New
Orleans
and
New
1952, or any interest York, once
a
week for three
payment date thereafter at the weeks, the first publication to be
30 days prior to date fixed for re¬
option of the Town, in their in¬
verse numerical order, at 105 and
demption.
Principal and interest
accrued interest to date of re¬ payable in lawful money at the
State's fiscal agency in the City of
demption on 30 days' published
notice. The approving opinion of New York, or at the State Treas¬
on
1,
Ross, McCord, Ice & Miller of In¬
dianapolis, together with a tran¬
ILLINOIS
July 1,
$1,000.
Due July 1, as fol¬
lows: $50,000 in
1948 and 1961,
nom.
-
$365 200
Dated
bonds.
Township.
School
Troy, Ind.
Bond Offering — F. X. Bumm,
are
amendment
of
,
.
North Miami, Fla.
•
Bonds
business and should not be turned
rate, making possible the payment
some
final payments
used,
ed
Rate
.
counties.
be
1957.
to
—
wide difference,
assessments
La Salle Parish School District
1946
No. 5 (P. O. Jena), La.
be in multiples of % of 1% and
Bond Sale
The $225,000 3%
pumping plants. By this ac¬ not more than one rate shall be
construction
bonds
offered
for
tion, the water board indicated it named by each bidder. The bonds
sale on Aug. 5—v. 159, p. 2572—
preferred to keep the water bond are the direct obligations of the
were
awarded to Felix M. Rives
issue separate from the contem¬ School Township, payable out of
of Shreveport paying a price of
plated $12,000,000 sewer issue.
unlimited ad valorem taxes to be 108.347. Dated Aug. 1, 1944. De¬
Discontinues Garbage Tax—The levied and collected on all of the
nomination $1,000. Due in 1945 to
property
within
the 1958.
City Commissioners have repealed taxable
The nextnhighest bidder
the $8 a year municipal garbage School Township. The approving was: Bank of Jena-at a
price of
opinion of Ross, McCord, Ice & 108.155.
tax, effective after collection of
t .high
semi-annual payments due Aug. 1, Miller, of Minneapolis, will be
Louisiana, AJ>£ate of)
according to International City furnished to the successful bid¬
Bond Offering
Y. Smith,
Managers Association which ref¬ der at the expense of the Town¬
erred to the decision as a "sur¬ ship.
No conditional bids will be Director of Highways, will receive
No bid for less than sealed bids until 11 a.m. on Sept.
prise move." The action was tak¬ considered.
en
at a
recent
special budget par and accrued interest will be 14 for the purchase of $2,000,000
Enclose
a
certified not to exceed 5% interest coupon
meeting and the tax will offi¬ considered.
or
registered highway series FF
cially expire next Feb. 1, though check for $200, payable to the
correct the evils it is intended to.
The biggest problem appears to be
the reconciliation of county and
$10,000,000 issuance to pur¬
well fields and install
new
new
ment, in its present form, will not
■' V •;
Refunding Examined—The City
thorized that
in the amendment that
lems
Arcadia, Fla.
under the
provided
thereafter,
of the free¬
come
amendment. It is further
rBent County School District No.
•1945.
any
1,
Sept.
of
^rorks bonds, dated in 1919.
;
carries
amendment
water
Bond Call—The Town Treasur¬
.
the
municipality in either of the two
counties
can
still, by majority
vote of the free holders, at a spe¬
Arvada, Colo.
a
script-of the proceedings relating
to the issuance of said bonds,
willj
furnished
recently resulted in favor of issu¬
be
ing $6,000 repair bonds.
the expense
to
the
urer's
pay
.
The
bonds
will
be
not less than par and accrued
interest, and. to take the bonds at
purchaser at j the
of the Town. No con-:
office.
awarded to the bidder offering to
lowest
interest
cost
State..7The?.amount of
to
any
the
pre-
THE COMMERCIAL 8c
Number 4307
.Volume 160
March 2,
FINANCIAL CHRONICLE
funds
on the foregoing date was
$129,112,265.19 and included $100,to be paid by the State at the rate
000,034.56 in the school fund,
or rates of interest specified in the
$1,000 and $500 denominations.
$15,915,343.23 in permanent uni¬
versity fund, $302,843.65 in inter¬
bid, in determining the best bid
Detroit, Mich.
nal improvement fund and $12,submitted.
No bid for less than
Bond Sale Recommended—It is
the entire issue will be considered,
894,043.75 in swamp land fund.
offered
mium
will
deducted
be
from the total amount of interest
and
bidder will be allowed to
no
designate more than three coupon
The bonds will be marked
rates.
Series
"FF" merely for the
identification,
of
pose
v
pur¬
The
tax
levied under the Constitution
now
and Statutes of the State on gaso¬
benzine, naptha and other
fuel, in the amount of 40
gallon, shall continue so long
as
any of these bonds are
out¬
standing and shall primarily be
line,
motor
per
dedicated to the retirement of said
bonds and interest thereon subject
1966. Series A, Nos. 20,
45 and 60. Series B, No. 22.
Series C, No. 3. All bonds are in
43,
reported
that
recommendations
677
140,000 4% registered general
improvement bonds.
Dated
April 1, 1931 and due April 1,
as
follows: $26,000 in 1957,
$27,000 in 1958, $28,000 in
1959, $29,000 in 1960, and $30,000 in 1961.
Registered No.
197
to 201.
All four funds came into being
City sell as a result of the
Other bidders were as follows:
policy of the
on the open market
$2,020,000 of Federal Government in
making Phelps, Fenn & Co., F. S. Moseley
$3,967,000 in City bonds repre¬
grants of lands in order to en¬ & Co., J. M. Dain & Co., and Mil¬
senting appropriations for post¬
courage settlement and develop¬ waukee Co., Milwaukee, for 119.76.
war public works.
ment of the country.
Harriman Ripley & Co., Inc.,
The lands
thus bequeathed to new territories First National Bank,
St. Paul;
Y
Melvindale, Mich.
have been made that the
and
States
intended
were
to
be
First National
Bank, Minneapolis;
Piper, Jaffray & .Hopwood, and
Caldwell, Phillips Co., for 119.506.
Union
Securities
Corp., New
of
institutions
of York,
and Equitable Securities
debtedness Nos. 12, 43-45, 48-51, maintenance
learning, charitable and other in¬ Corp., and Kalman & Co., for
53 and 54, 56, 64 and 65, 118,
120,
stitutions.
119.124.
s
165, 173, 182, 198, 208, 211, 216, 218
and 219, 221, 227 and 228, 234Many of the States admitted to
Certificate Call—Joseph F. Coo-
sold or otherwise managed by the
City Clerk, calls for payment
on
Dec. 1, 1944 at par flat, non- recipients for the purpose of as¬
in the construction and
interest bearing certificates of in¬ sisting
gan,
view of the maturing of existing
bonds, will be so handled as to
make no material increase in the
tax rate.
Mayor Aloys P. Kaufman com¬
menting on the election results,
said: "We
now
resources
to
said
on
lax of the bonds issued under the
provisions of Act 219 of the Regu¬
lar Session of the Legislature of
1928, Act 3 of the Extra Session
of the Legislature of 1930, Act 2
of
the
Regular
Session
the
of
Legislature of 1934, Act 66 of the
Regular Session of the Legisla¬
of
ture
1936
Act
and
39
of
the
Regular Session of the Legislature
of 1938, but if by reason of any
emergency or exigency, the funds
specifically pledged for the re¬
tirement of said bonds should
prove insufficient, then the State
Treasurer is directed and author¬
ized
by Act
377
of
the
Regular
Session of the Legislature of 1940
to use such other revenues of the
f
Department of Highways
be
necessary
to
and interest thereon.
as
said
pay
may
bonds
In addition
the
to
above, the full faith and
credit of the State are irrevocably
pledged for the amount of the
principal and interest on said
bonds at maturity.
There is no
controversy pending or threaten¬
ing the title of present officials to
their
respective
offices or the
/
validity of these bonds. All bid¬
ders must agree to accept delivery
of the bonds in Baton Rouge, and
to
pay
the purchase price thereof
not later than Oct.
10, 1944,
upon
tender of the bonds by the
State,
together with the opinion of Wood,
Hoffman, King & Dawson, of New
York, approving the validity of
the bonds.
All bids must
conditional.
check for
Enclose
a
be
un¬
certified
$20,000, payable to the
'Deoartment of Highways.
236,
247, 249, 251, 254, 269, ,273
274, 276, 297 and 298, 593 and
594, 640, 643, 646-648, 673-676,
and 680, to the amount of $38,397.
the
of the bond issue
service
Bond
Sale—The
$481,000
weeks
or
even
Planning Lags
months
of
pany
vital
time," said Mr. Milliken, who is
in charge of municipal coopera¬
Route
Bond
1, Hopkins), Minn.
Offering—Dorothy Lund-
holm, District Clerk, will receive
sealed bids until 7:30 p.m. on Aug.
Pointing out that within 90 14 for the purchase of $18,000
days some communities might face
coupon
building
bonds.
Dated
the task of helping provide em¬
Aug. 1, 1944. Denomination $1,000.
ployment for returning war vet- Due
$2,000 Aug. 1, 1946 to 1954.
: erans, he emphasized that "if tem¬ Bidders to name the rate of inter¬
porary jobs could be made avail¬ est. No bid for less than
par and
able, the shock of reconversion accrued interest will be consid¬
from a wartime; to a peacetime
ered. Principal and interest pay¬
economy would
be greatly les¬ able at
any suitable bank or trust
sened."
company designated by the suc¬
Municipalities, he added, may cessful
bidder.
The
approving
find it necessary to "bear the first
opinion of Dorsey, Colman, Bark¬
brunt of unemployment until in¬
er,
Scottt & Barber, of Min¬
dustry can make the transition to
neapolis, will be furnished with¬
tion.
160, p. 477 — by the Sinking
Fund Committee, were awarded
to
the Harris Trust & Savings
v.
civilian
production."
communities had
He said many
a
"considerable backlog of vitally-
out cost. Enclose a certified check
for
$360, payable to the District
Treasurer.
needed
repairs that have been de¬
Minnesota (State of)
layed because of the impossibility
of obtaining materials and ma¬
Permanent
School
Fund
ceeds $100,000,000—
chinery."
*
The Permanent School Fund of
MICHIGAN
the
Burton
No.
Bond
Ex¬
State
of
Minnesota
reached
Township School District
S (P.O. Flint), Mich.
the hundred-million mark on
Call—Nels Aagesen,
of the achievement, State Treas¬
urer Julius A. Schmahl has pre¬
trict Treasurer, calls
Dis¬
for payment
11,
May
1944, and, in commemoration
Sept. 2,1944 at par and accrued pared a pamphlet outlining the
interest, at the Citizens Commer¬ history and development of the
cial and Savings Bank of Flint, State Lands and School Funds of
bonds, dated March 2, 1936, due the State. The total of these trust
on
13,000 41/2% coupon water works
bonds.
Dated Nov.
1, 1919
and due Nov. 1, 1949.
Nos.
11097,
11086,
11117,
11098,
11126.
7,000 4V4% coupon airport bonds.
Dated Sept. 1, 1926 and due
Sept;
1,
1945. Nos.
33138
to
33144.
7,000 4V4% coupon airport bonds.
Dated Sept. 1, 1926 and due
Sept. 1, 1945.
Nos. 33145 to
33151.
57,000
BOND'S
(All
as
l'As)
Bidder—
Exchange
Price
National
Bank,
Jeffer-
City
son
John
Nuveen
100.577
&
Co.,
Walker & Co
and
G.
H.
100.567
*>
Bernheimer Co.—.,,—
Baum,
100.50
Dempsey-Tegeler & Co.——
100.288
Howard
100.071
Cook
——
NON-CALLABLE
BONDS
(All
as
Halsey, Stuart & Co
Hill
100.174,
Brothers
First
National
Howard
100.166
——
Bank, Chicago
Mercantile-Commerce
Trust
lVeS)
100.10
Bank
&
Co., St. Louis—
100.061
Cook
100.05
—
St. Louis, Mo.
Bonds Voted—Louis Nolte, City
NEBRASKA
Public
Consumers
North
Power
Division
Platte
lumbus),
District,
Co¬
O,
(P,
Neb.
Bond Call—V. M. Johnson, Gen¬
Manager, announces that the
district calls for payment on Sept.
11,
all
1944
Nos.
bonds
North
outstanding
Division
Platte
2^2%
164
revenue
to
1800, to the
amount of $1,435,000. Dated Nov.
1, 1940. Denom. $1,000. Holders of
are notified to present
same at any of the places of pay¬
ment specified in said bonds, on
date called for redemption at the
said bonds
redemption price on said" date
with respect to each bond as is
set forth on the face thereof,
pl^
accrued
interest
to
redemption
date, and are further notified that
interest
ceases
date called.
on
Sappa Township (P. O. Stamf ord),
Neb.
Election
Bond
tion
the
to
held
was
on
voters
township
Held—An
issue
an
and
hall
elec¬
Aug. 7 to submit
of $7,500
equipment
bonds.
and
water
registered
due
Dated Nov. 1,
Nov.
1,
1949.
Registered No. 900.
25,000
4%
registered
airport
bonds. Dated Jan. 1,1928 and
due Jan. 1, as follows: $6,000
in 1945, $6,000 in 1946, $6,000
in 1947, and $7,000 in 1948.
Registered No. 87, 88, 89, 90.
61,000 4% registered water works
bonds. Dated April 1,1928 and
due April 1, as follows: $3,000
in 1945 and 1946, $4,000 in
1947 to
1952, $5,000 in 1953 to
1957, and $6,000 in 1958. Reg¬
istered No. 108 to 121.
71,000 4% registered water works
bonds. Dated April 1,1931 and
due April 1, as follows: $3,000
in 1945 to 1951,
$5,000 in 1952
to 1961.
Registered Nos. 155
to 171.
:
NEW JERSEY
Atlantic
Refunding
City, N. J.
Plan
Approved
—
Walter R. Darby,
Chairman of the
Funding Commission of the State
of New Jersey, reported that the
commission has approved the re¬
funding plan of the City, under
which there will be issued $22,119,000 of new bonds.
The plan
was prepared for the City by the
firm of Stifel, Nicolaus & Co., Inc.,
of
bankers
investment
and
Chicago
St.
Louis, and Wainwright,
Ramsey & Lancaster, municipal
finance consultants, of New York.
"The
plan," Mr. Darby said,
"will result in an over-all sav¬
,
ings to the taxpayer in excess of
$3,400,000 over and above all fees
and expenses necessary to put the
plan into operation. The interest
cost, which averages 4.221% on
the outstanding bonds which are
to be refunded, will be reduced
to 3.117% on the new bonds, a Ad¬
duction of 1.104% on the entire
debt of the city.
During the time
the plan has been before the com¬
mission it has been possible,*with
the concurrence of the city«*and
Comptroller, reports that the fol¬ the bankers, to make modifica¬
lowing $43,527,000 bonds for post¬ tions which have resulted in this
war
projects carried at the pri¬ very low average interest cost."
Mr. Darby further stated: 'The
mary election on Aug. 1:
$950,000 hospitals and institutions city's annual budget appropria¬
bonds.
tions for debt service over the
3,625,000 park system bonds.
800,000 Fire Department equip¬
ment bonds.
2,200,000 Fire and Police
phone system bonds.
7,957,000 sewer bonds.
1,778,000
bridge
Tele¬
7,820,000
street
and
alley
struction bonds.
750,000
Zoological
Park
provement bonds.
250,000 airport bonds.
;/
next
20
years,
as a
result of the
plan, will be reduced in amounts
ranging
between
$143,000 and
$85,000."
V
-
Newark, N.
viaduct
and
bonds.
4%%
works bonds.
1919
CALLABLE
city
bonds, offered for sale on Aug. 8—
designated by the purchas¬
er. The City will furnish the ex¬
Bank of Chicago, Bankers Trust
•—Frank
A.
Milliken, Assistant
ecuted bonds and the approving Co.,
of New York and ParkState Director- of post-war plan¬
ning, reported July 26 that less opinion of Dorsey, Colman, Bark¬ Shaughnessy & Co., of St. Paul, at
er,
Scott & Barber, of Minne¬ a price of 120.219, as follows:
than 20% of 108 Maine munici¬
palities contacted for information apolis, both without cost to the $100,000 41/2%
coupon
water
purchaser. All bids must be un¬
on post-war
works bonds.
Dated Nov. 1,
planning had reached
conditional.
Enclose
a
certiifed
1917 and due Oct. 31,
the blueprint-stage for projects to
1947.
check for $1,500, payable to the
Nos. 8756-8855.
A full sixprovide employment.
City.
months' interest will be paid
While "a rigid, final program of
as
indicated on coupon bond
action may not be wise now, a
Hennepin County Independent
dated Nov. 1, 1947.
tentative prdgrdm will save days,
School District No. 135 (P. O.
Post-War
that when
men
eral
proceeds
.
Principal and interest payable at
any suitable bank or trust com¬
Maine (State of)
means
lay down their
victorious arms they may pick up
the implements of peacetime con¬
struction and begin the building
of a greater city."
our
—
ders to name the rate of interest.
Local
pro¬
—
$10,000 Sept. 1, 1945 to 1947. Bid¬
MAINE
MISSISSIPPI
the Union before Minnesota used
obtained from sale Montgomery County (P. O. Pascaof their school and other public
goula), Miss.
lands for immediate purposes and
Bond Sale—Cady & Co., of Co¬
with "no thought for the future,"
Dated Dec. 1, 1936. Said certifi¬
lumbus, and O. B. Walton & Co.,
cates should be presented to the Mr. Schmahl related. By way of of
Jackson, have purchased $61,Detroit
Trust
he
says,
Minnesota 500 2%% refunding bonds as fol¬
Co., Detroit, for contrast,
originated
the
policy
(subse¬ lows:
payment.
quently emulated by other States) $37,500 separate road district No.
Royal Oak Township School Dist. "of
conserving these resources for
3 bonds.
No. 7 (P. O. Berkley), Mich.
the benefit of future generations."
24,000 separate road district No.
Bond Call
Edward Parkin,
4 bonds.
Accordingly, the money it re¬
District Secretary, calls for pay¬
Dated June 1, 1944.
ceived from sales of land and tim¬
Legality
ment on Sept. 1, 1944 certain re¬
ber, and royalties from iron ore approved by Charles & Trauerfunding Series A of 1937 bonds at mined on State lands was and is
nicht, of St. Louis.
par and accrued interest.
Dated
placed in trust funds and only the
Note Legality Approved — An
Sept. 1, 1937. Due Sept. 1, 1967. income from investments has been
issue of $17,000 2J/4% bridge re¬
Said bonds should be delivered to
used for the purposes for which
pair notes has been approved as
the Detroit Trust
Co., Detroit, the funds were dedicated.
to legality by Charles & Trauerfor payment.
Interest ceases on
An important factor mentioned
nicht, of St. Louis. Dated June 1,
date called.
by Mr. Schmahl in the growth of 1944.
the
State's
school fund to the
Troy, Avon, Bloomfield and PonMISSOURI
$100,000,000 mark was the early
tiac Townships Frac. Sch. Dist.
decision of the State (subsequent¬
No. 10 (P. O. R.F.D. 2, Birming¬
Jefferson City, Mo.
ly adhered to) to retain fee title
ham), Mich.
Bond Sale
The $185,000 air¬
in the tracts of land from which
Tenders Invited-*G. J. Ferrand,
port bonds offered for sale on
timber had been sold.
The wis¬
District
Aug. 7 — v. 160, p. 574 — were
Treasurer, will receive
dom of this practice was-justified
sealed tenders
until
8 p.m.
awarded to the Harris Trust &
on
in the
subsequent discovery of
Sept. 1, 1944, for $3,000 certificates
Savings Bank of Chicago, and the
rich deposits of iron ore through¬
of indebtedness, dated March 1,
Commerce Trust Co., of Kansas
out the State. Millions of tons of
1939.
'
'
City, as IV4S, paying a price of
such metal have since been ex¬
100.859, a basis of about 1.06%.
tracted and
the State received
MINNESOTA
Dated Sept,, 1, 1944".
Denom. $1,substantial sums in royalties from
000.
Due May 1, as follows: $5,Barihault, Minn.
mining operations.
000 in 1953, $2,000 in 1954, $11,000
Bond Offering — T. A. Mealia,
Had the State sold these lands in
1955, $16,000 in 1956 and 1957,
City Recorder, will receive sealed outright, Mr. Schmahl writes, "we
$17,000 in 1958, $18,000 in 1959,
bids and oral bids until 2 p.m. on would not
today be talking of a $19,000 in
1960, $20,000 in 1961 to
Aug. 15 for the purchase of $30,- $200,000,000 school fund."
1963, and $21,000 in 1964.
Other
000 airport bonds. Dated Sept. 1,
bidders were as follows:
St. Paul, Minn.
1944.
Denomination $1,000.
Due
and
our
gram to expand municipal facil¬
ities and services," and "passage
,
always to the prior charge
have the financial
undertake
Bond Sale—The
J.
$1,000,000 4%%
public park bonds offered for sale
August 9 were awarded to J. S.
Rippel & Co., of Newark, paying
a
price of 140.2779, a basis of
im¬
con¬
on
2.085%. Dated Feb. 15,1933.
1, as follows: $20,000 in
1944 to 1953, $25,000 in 1954 to
7,500,000 city Art Museum Build¬
1961, and $30,000 in 1962 to 1981.
ing improvement bonder,
Legality approved by Reed, Hoyt
Two-thirds of the entire* vote
& Washburn, of New York. Other
cast
on
each item of the issue
about
Due Oct.
was
bidders were as follows:
required for passage of that item.
Bidder
Rate Bid
This made
it possible
for the
voters to reject any of the 11 pro¬ B. J. Van Ingen & Co.,
positions while passing the others, Goldman, Sachs & Co.,
but the voters gave a safe margin Eldredge & Co., .
over
the two-thirds mark for all Estabrook &
items.
-V
:
'
'
■
A strong point made in support
of all the bond proposals was that
Co., and
Boland, Saffin & Co.——>140.107
National City Bank,
York,
\
-
New
■
60% of the money would be spent First Boston Corp.,
for wages, largely to returning Shields & Co.,
'*■
,
-
^
&
Another promise was Barr Bros. & Co., and
that the financing of the bonds, in Van Deventer Bros., Inc>—139.07
service
men.
THE COMMERCIAL & FINANCIAL
678
Glore, Forgan & Co.,
sey
'
ty
Ira
Haupt & Co.,
Julius A. Rippel, Inc.,
New
principal,
138.57
Bank;
-.133.06
Hemphill, Noyes & Co.,
Paine, Webber, Jackson &
Curtis, , First of Michigan Corp.,
Federal income tax
the County Treasurer.
cessful bidder may, at his election,
be relieved of his obligations un¬
normal year, 1941, despite a con*siderabl£ comeback from the low
funds the State
from
and
month
last
of
since
and
Errors
.
,
and
137.43
1941
for
not
than
less
Colonie, Latham
der
(P. O. Newtonville), N. Y.
were
that
more
than
$10,000,000 of the total is due mu¬
nicipalities
no
matter
what
method
of calculating
principal
and interest is used. On that basis
Co.,
Governor
indications
of
receive
of
permit
and
Pressprich & Co.—137.368
more
would
Bond
Offering
—
Howard L.
will receive sealed bids until 10.30
Co.,
Bank,
Gtommerce Union
a.m.
Nashville, and
137.079
Kean, Taylor & Co
(EWT)
on
Aug.
24 for the
purchase of $1,166,000 not to ex¬
ceed 6% interest coupon or regis¬
tered bonds as follows:
Corp.,
$790,000 funding of 1944 bonds.
24,000 sewer of 1943 bonds.
38,000 improvement bonds.
219,000 sewer of 1944 bonds.
95,000 street improvement bonds.
York,
Bacon, Stevenson & Co.,
Co.,
H. L. Allen &
Minsch, Monell & Co.,
Kalman & Co., >
Rambo, Keen, Close &
Kerner, and
first
instance
property
District
from
levy
a
upon
to
taxes
out
limitation
amount.
pursuant
General
Said
as
to
bonds
said
with¬
rate
or
issued
to the Town Law
Municipal
Law,
and
as
Dated Aug.
to
immediately.
the
municipalities
'
'
In
leaving to the courts the de¬
cision whether the State should
the
Author¬
Of the $46,093,000 in prin¬
cipal amount of general and re¬
funding bonds, Sixth Series, 3%
due
1975 presently outstanding,
$17,671,000 are held in various
funds by the States of New York
and New Jersey. The State offi¬
cials having control thereof are
pay
are
to
the
13J/2%
still
1944 is
for
facilities.
the
traffic for the first
car
below
period in, the
same
levels of 1943."
The figures
released by the Port
indicate that traffic
January through June of
Authority
from
1943
represented
travel
this
low point in
a
car.
During
two bans were im¬
"pleasure" driving, and
by passenger
period
posed
the
on
of
movement
passenger
about 60%
mal"
contrast
In
1941.
decline
drastic
in
bus
first
months
six
of
increase
an
the
car
about
the
showed
1943
of
18%
almost
traffic declined
this
during
period in 1941.
same
"norr
to
passenger
traffic
volume,
cars
of the total for
the first six months of the
over
Truck
4%.
In the first six months of
1944
both buses and trucks have shown
using Port Authority
doing an important
"Trucks
cost.
paid from such levy, all the tax¬
real
property within
the
be subject to the levy
valorem
cost
that
used
have
an increase over the 1941 figures,
ity, and (c) a single rate of inter¬
while passenger cars, which were
est, which must be in a multiple
of one-eighth of 1%.
The award up about three million from 1943,
were still almost a million and
9
will be made upon the basis of
half under the 1941 figures.
the
lowest
annual
net
interest
able
ad
interest
net
Town will
of
state (a) the price bid for
bonds; (b) the average annual
the
the Latham Water
the Town, but if not
bonds and interest thereon,
series
must
in
in
Authority, N. Y*
refunding bonds being
offered for sale on Aug. 15—v.
160, p. 575—are dated Aug. 15,
1944. Due Aug. 15, 1974. Bidders
payable at the State Bank
1, 1944. Denomina¬ amended, for the purpose of im¬
tion $1,000. Due Aug. 1, as fol¬ proving and increasing the water
Martin, Burns & Corbett—135.66 lows: $25,000 in 1945 and 1946, supply system of the District, the
$45,000 in 1947, $55,000 in 1948 period of probable usefulness of
New Jersey (State of)
and 1949, $260,000 in 1950, $265,- which is at least 20 years. In the
To Distribute $10,000,000
Rail
000 in 1951 and 1952, $25,000 in event that prior to the delivery,
Tax
Funds — The
question of
1953 and 1954, $10,000 in 1955 to of the bonds the income received
whether the State will keep or
1965, and $11,000 in 1966. Rate of by private holders from bonds of
divide among its
municipalities
interest to be in multiple of lk of the same type and character
the $24,000,000 or more in interest
shall be taxable by the terms of
or one-twentieth of 1%, and must
on delinquent taxes the State won
be the same for all qf the bonds. any Federal income tax law, the
from railroads will be left for the
Principal and interest payable at successful bidder may, at his elec¬
courts to decide, Governor Walter
the First National Bank, Paterson, tion, be relieved pf his obligations
E. Edge declared on July 26, ac¬
under the contract to purchase the
or at the Bankers Trust Co., New
cording to Trenton news reports.
York.
No proposal wi^I be con¬ bonds and in such case the de¬
Meanwhile, -the Governor has
sidered which specifies a
rate posit accompanying his bid will
directed that $10,000,000 of about
higher than the lowest rate stated be returned. The approving opin¬
$35,000,000 that has been paid on
in any legally acceptable propo¬ ion of Vandewater, Sykes & Gal¬
account of taxes and interest be
distributed
8th
half of
fell to
Offering Details '— The
$17,671,000 general and refunding
proportionately of Albany, with New York ex¬
if paid in.
change. Bonds will be valid and
legally binding general obliga¬
Paterson, N. J.
tions of the Town payable in the
Bristow, Clerk, Board of Finance,
Inc.,
de¬
Bond
of
use
the
The approving opinion
Vandewater, Sykes & Galloway,
New York, will be furnished
Port of New York
Aug. 1, 1944. Denomina¬
tion $1,000. Due Aug. 1, as fol¬
lows: $7,000 in 1945 to 1947, $8,000
in 1948 to
1950, and $10,000 in
1951 to 1963. Rate of interest to
Dated
interest
case
payable to the Village.
of the money
Hutzler,
Braun, Bosworth & Co.,
he
that
such
in
tunnels," Mr. Ferguson said. "In
during
the
past
six
months more than 413,000 military
addition,
purchase the
without cost to the purchaser. En¬
close a certified check for $1,000,
was
were
and
to
suc¬
returned.
N. Ladu,
will
Supervisor,
contract
law, the
posit accompanying his bid will be
Bond Offering—Roscoe
Town
the
bonds
Water District
ordering the be in multiples of V\ or one-tenth
immediate
distribution of $10,- of 1% and must be the same for
000,000 among municipalities and all of the bonds. Principal and
,
Union Securities
check
on
NEW YORK
1942 were
and
to
bids
until
12:15
p. m.
Up to July 26, the railroads had sealed
paid $35,000,000 on account of de¬ (EWT) on August 16 for the pur¬
linquent taxes and interest esti¬ chase of $175,000 not to exceed
mated to total approximately $60,- 5%
coupon or registered water
supply system bonds.
000,000.
the
Inc.,
:
Blyth & Co.,
Equitable Securities Corp.,
John Nuveen &
semi-annually
able
the
Appeals
1945
to name the rate of interest
paid into the Treasury during
the
be
Indications
Campbell, Phelps & Co
New
5% of the amount bid, payable to
apportionment of $10,000,-
in
$35,000
1948, and $32,000 in 1949. Bidders
certified
unconstitutional.
Co
Salomon Bros. &
Passenger
follows:
as
found that the railroad tax settle¬
Phelps, Fenn & Co.,
F. S. Moseley & Co.,
Harriman Ripley &
owed
money
ment laws of
Dougherty &
.
vehicles
by private holders from bonds of
the same type and character shall
be taxable by the terms of any
will
Court
Bank, Chicago,
<
the
than
more
the
has
Co., St. Louis—138.199
Kidder, Peabody & Co.,
Lazard Freres & Co., and
R. W.
of
The
Harris Trust & Savings
r-
of the bonds the income received
Only unconditional
$14,000,000 and July 1.
will go to bids will be considered. Enclose a
taxes
000
Halsey, Stuart & Co., and
Mercantile-Commerce Bank
A. Webster
pay¬
January
the
on
Hudson.
York,
& Trust
interest
the
is divided on the same basis as
Fox, Reusch & Co
First National
if
Monday, August 14, 1944
by Section 6 of the General Mu¬
nicipal Law, as amended. In the
event that prior to the delivery
City and other Hudson Coun¬
municipalities.
Estimates are
that
Dolphin & Co.
Tripp & Co., and
CHRONICLE
facilities
are
job in handling wartime freight,"
Mr.
Ferguson
said.
"Informed
estimate that ex¬
truck operators
75%
truck traffic
civilian
of
is in
foodstuffs
of
clusive
essen-r
the
tial war goods. About 10% of the
the Port trucks are military vehicles." An
fact
was
disclosed
Authority, and the Port Authority interesting
expects to purchase them.
The when Mr. Ferguson stated that
difference between the proceeds military vehicles move in convoys
of the present sale and the aggre¬ of as many as 80 trucks at a time.
gate purchase price will be pro¬ "It would require at least four
vided from the General Reserve ferryboats to move one such con¬
Fund of the Port Authority. Cou¬ voy across the river if the bridges
pon' bonds, registerable as to prin¬ and tunnels were not available,"
willing to sell them to
*
cipal alone, or as to both prin¬ he declared.
Stating that while more than
cipal and interest and if so regis¬
a
million private passenger car
tered,
convertible
into
coupon
bonds.
Denominations:
Unregis¬ trips were made over the four
tered bonds and bonds registered bridges and through the two tun;as
to
principal only, $1,000. Bonds
fully registered as to both prin¬
interest, $1,000, $5,000
multiples of $5,000.
Fully registered bonds of any de¬
and
cipal
and
even
nomination
bonds
sal. Each proposal must
state the loway, of New York, will be fur¬
amount bid for the bonds, which nished to the purchaser without
shall be not less than $1,166,000 cost. Enclose a certified check for
of
convertible
into
other authorized
minations in
like
deno¬
nels
and pleasure bans" in
the first half of 1943, Chairman
Ferguson - explainedthat
the
week-day private car traffic iii
June,
continued
1943,
"Checks
made
;
cars
on
two>-
at
thirds of the 1941 peak.
aggregate prin¬
same
"strictest kind of
the
under
rationing
»
bearing
cipal amount. Not subject to re¬ 'B' and 'C' stickers indicate that
demption prior to Aug. 15, 1949.,: at least two-thirds Of the passen¬
Moreover, if so specified by the, ger car traffic now moving over
purchaser on original issue, to be these facilities represent the high¬
subject to redemption prior to ly essential travel of war workers
nor more than $1,167,000. As be¬ $3,500, payable to the Town.
tween legally acceptable propo¬
Herkimer, N. Y.
delinquent railroad tax sals
specifying the same rate of
Bond Offering—Helen F. Gil¬
interest, the Governor made it
interest, the bonds will be sold to
Aug. 15, 1954, only through the
clear that so far as he is con¬
the bidder complying with the lette, Village Treasurer, will re¬
operation of, the Sinking Fund
cerned there would be no doubt
ceive
sealed
bids
until
2
p.m.
terms of sale and offering to ac¬
created and established for the
about the issue.
(EWT) on Aug. 15 for the pur¬
cept
for
the amount
bid
the
Eighth Series bonds.
Subject to
,If there were a law or any dis¬ least amount of bonds, the bonds chase of $50,000 not to exceed 5% these limitations, redeemable, in
interest coupon or registered gen¬
tinct court decision he could fol¬ to be
accepted,being: those first
whole or
in part, on
39 days'
low, the Governor said, he would maturing,; and if two or more eral village bonds. Dated July 1,
notice,. on any interest payment
1944. Denom. $1,000. Due $10,000
favor distribution of the $24,000,- bidders offer to
accept the same
date, as follows: At 103 on.Aug.
000 in interest at the same time least
July 1, 1945 to 1949. Rate of in¬
amount, then the bidder of¬
15,>i949,.and thereafter and on
terest to be in multiples of
and on the same basis as the prin¬
or
fering to pay therefor the highest
or
before Aug. 15, 1954; at 102
l/10th of 1% and must be the
cipal is split among the munici¬ price.
The purchaser must also
thereafter and on or before Aug.
same for all of the bonds.
Prin¬
palities.
pay an amount equal to the in¬
15, 1959; at 101 thereafter and on
Governor
Edge expressed his terest on the bonds accrued to the cipal and interest payable at the or before
Aug. 15, 1964, and at 100
First National Bank of Herkimer,
views soon after he returned from
date of payment of the purchase
thereafter to maturity. Payments
his
vacation
and
The
immediately price. In the event that prior to with New York exchange.
will be made into the Eighth Se¬
bonds will be valid and legally
after he had conferred with At¬
the delivery of the bonds the in¬
ries Sinking Fund commencing in
torney-General Van Riper, Sen¬ come received by private hold¬ binding general obligations of the
1949 at a rate or rates which on a
ate President Eastwood, Taxation
Village, all the taxable real prop¬
ers from bonds of the same type
cumulative basis will
be suffi¬
and Finance
erty within which will be subject
Commissioner
and and character shall be taxable
by
cient to retire all Eighth Series
to the levy of ad valorem taxes
Controller
Zink,
Acting
State the terms of any Federal income
bonds by maturity.
to pay said bonds and the interest
Treasurer Sautter and State Tax
tax
law, the successful bidder
I"
y*'
a.
: ;
V.v' ' v'--;"'
'-'-iV
VDirector Walsh.
thereon, without limitation as to
-v
;
may, at his election, be relieved
(Official notice of the call for
rate or amount.
Said bonds are
"In view of the apparent con¬ of his obligations under the con¬
bids appears on page 680).
issued
pursuant to the Village
flict of opinion by the Court of tract to purchase the bonds and
Law and the General Municipal
Errors and Appeals in the Dor- in such case the deposit accom¬
The importance of the facilities
Law, as amended, for the follow¬
rance and railroad tax cases," the
of the Port of New York Author¬
panying his bid will be returned.
ing purposes, namely; to pay the
Governor said, "I do not feel that The successful bidder will be fur¬
cost of (l).an aerial truck for the ity in expediting war production
I, as Governor, or the State fiscal nished with the opinion of Haw¬
pointedly demonstrated in
Fire Department, $16,850; (2) .a was
officials would be justified in set¬ kins, Delafield & Longfellow, of
triple combination pumper, $8,- figures released July 27 by Chair¬
ting ourselves up as the court of New York, that the bonds are
man
Frank C. Ferguson, which
last resort in deciding this ques¬ valid and legally binding obliga¬ 150; (3) constructing an annex to showed that
75% of the traffic
and remodeling the Village Fire
tion.
tions .of the City. Enclose a certi¬
moving over the bridge and tun¬
Station, $3,650, and (4) to pay
"The distribution of the interest fied check for
nel
facilities of the inter-State
$23,320, payable to
$21,350 of final judgment recov¬
money therefore necessarily must the City.
ered against said Village, each of agency is in the highly essential
await a final judicial determina¬
At the same time, it was
said purposes having a period of class.
NEW MEXICO
tion which I hope will be prompt¬
stated that a part of the remain¬
probable usefulness of five years,
ly secured."
Lea County, Hobbs Municipal
except the Fire Station recon¬ ing 25% of the traffic consists of
The Governor then went on to School District No. 16
(P. O. Lov- struction and improvement which passenger cars making legitimate
explain that in order to improve
ington), N. Mex.
has a period of probable useful¬ use of "A" gasoline coupons.
the financial position of the mu¬
Bond Offering — G. D. Jones, ness of 15 years,'each of
"Sharply.- increased
bus
and
said
nicipalities which have been de¬ County
Treasurer, will receive items maturing in five equal an-' truck traffic during the first six
prived of the railroad tax money, sealed bids until 10 a.m. on
months of 1944, as compared with
Sept. nual installments.
Provision has
he was directing distribution of
the first six months of 1941, tells
2
for the purchase of $172,000 been made for
the necessary down
$10,000,000.
i
'
a
story of the heavy movement
school bonds. Dated July 1, 1944. payment as to the items
Nos. 1, 2 of war workers and
Principal
beneficiaries
under
divide the
,
to and from their
jobs in the New
area," Mr.. Fer¬
"Taking two-thirds of
the passenger traffic and- adding
the buses, trucks and military ve¬
hicles, it is clear that over 75%
of the traffic now moving is in
York-New Jersey
said.
guson
the highly essential
class."
,
•
,
.
Port
first
the
of
from 1941 through 1944 was
follows:
1941
.»:n
Passenger
i
Trucks
88,7,720:•
2,210,070
13,764,216 : 12,747,231
'
1943
.
.
Passenger
'
6,279,308
cars
Buses
1,043,976
Trucks
1944-
■
;
9,255,465
1,046,220
2,118,674
2,330,96?
413,504
.9,441,958
■"Military
13,046,155
vehicles.
Total
*Not
948,047
2,206,301
.L_-
Total
.
1942 *
9,5.89,11,4
-
10,670,195
cars
Buses;
>•;
the
each
of
months
six
years
as
traffic for
Authority
recorded
until
1944.
;
Tonawanda, N. Y.
Bond Sale —The
drain
bonds
$24,000 storm
offered
for
sale
on
;
war
the Governor's order will be Jer¬
Denomination
$1,000. Due July 1,
and 3 above described
as
required
over
material
the bridges and through
the'
Aug; 3
478 — were
awarded to Blair & Co., Inc., afc
1.20s, at a price of 100.06, a basis
of about 1.189%. Dated July 1,
1944.;-Denomination $1,000.
Due
July 1, as follows: $2,000 in 1945
to
—
v.
160,
p.
1950, and $3,000 in 1951 to 1954.
The next highest bidder was: Ma<rine Trust
at
a
.Co., Buffalo, for 1.40s,
price of 100.438. Among the
other
Loeb
bidders
&
Allen &
were:
Newburger,
Co., at 100.10, and H. L.
Co., at 100.058, for 1.40%
bonds.
Yonkers, N. Y.
Note
Offering
Montgomery,
—
City
Robert
Craig
Comptroller,
will receive sealed bids until
noon
Volume
160
Aug. 22 for
$600,000 notes.
Cadiz,
purchase of
; ' V
'
the
on
Ohio
in 1946 to
v-'
Bonds Authorized—The
Village
Council passed recently a resolu¬
tion calling for an issue of $40,000
Aug. 29, 1944. Denomina¬
$100,000 and $50,000.
Due
March 29, 1945. Issued in antici¬
pation of 1943 taxes. Bidder must
name a single interest rate on the
Dated
tions
bonds to furnish facilities for fire
Village
and
apparatus
depart¬
ments. Due in 20 years.
j;
,
discount /■/'Cincinnati, Ohio
the notes will be considered. The
Bond Sale—Henry Urner, City
suceesful
bidder
will
be
fur¬ Auditor, reports that the Sinking
issue, and
:
offers
no
to
nished with the opinion
of Haw¬
Fund
Trustees, have purchased
the $17,000 21/2% street extension
bonds. Dated July 1, 1944.
Due
$1,000 Sept. 1, 1945 to 1961.
Delafield & Longfellow, of
New York, that the certificates
are valid and legally binding obli¬
gations of the City payable in the
first instance from the taxes in
kins,
New York Trust Co.,
of the Village Treasurer.
The
terest.
Holmes,
and
District
sealed
ceive
Clerk,
bids
,
approving opinion may be secured
by the purchaser without expense.
Enclose a certified check for $656,
payable to the Village.
Bond
will
until
re¬
on
noon
election
ber
registered improvement
(unlimited tax) bonds. Dated Aug.
1, 1944.
Due Dec. 1, as follows:
$1,000 in 1946 to 1967, and $1,500
CAROLINA
NORTH
multiples of V\ of 1%. No bid for
less than par and accrued interest.
Louisburg, N. C.
Bond Election—The Town
missioners in
Enclose
Com¬
$25,000 street
water improvement bonds.
to-vote
and
4
DAKOTA
Grafton, N. D.
Sale—The $15,000
Bond
airport
bonds offered for sale on Aug. 7—
160,
v.
the
478—were awarded to
State Bank of
p.
Walsh County
IV2S, paying a price of
basis of about 1.43%.
Dated Aug. 1, 1944.
Denom. $1,000. Due $1,000 Aug. 1, 1945 xo
1955. The next highest bidder was
Grafton National Bank, for 1V2S,
Grafton
a
Eaton), Ohio
Proposed
County
Bond Issue —
Commissioners are
issuing
bonds.
rium
election
bonds.'
County
District,
voters
White
A.
&
Co.,
Im¬
~
£&5
High School completion bonds;
4
Askiand, Ohio
market showed
at
now
-
-
.
Ohio
some
-
.
municipal
further im¬
Ohio bonds
compared with
1.30%,
general
high grade bonds today stands at
$125,000 library bonds will be sub¬
1.13%, and for 10 lower grade
bonds, at 1.48%. Activity has also
shown some improvement during
mitted to the voters.
Athens, Ohio
Bond Sale Deferred—In connec¬
tion with the $9,000
interest
not to exceed
assessment
special
1.31% last week. The index for 10
the
past several days.
$526,000,000
gram
Improvement Pro¬
Recommended
—
A
10-year
improvement bonds men- improvement program involving
a total expenditure of $526,000,000
tioned in v. 159, p. 2246, Foster B.
was
recommended by the Ohio
Cornwell, City Solicitor, reports
Post-War Program Commission in
it will probably be several months
a
preliminary report submitted
before
the issue is offered for
July 26 to- Governor John W.
Bricker.
Bay
Village School District, Ohio
'
ber
the
$280,000
not
election
an
issue
of
school bonds will be submitted to
the voters.
Bellevue, Ohio
Election
Bond
—
An
,
issue
of
water works bonds will
be submitted to the voters at the
November election.
1
Barton, Ohio
Offering
—
pointed out that
contemplated expenditure did
take
into
the
consideration
of a
soldier
bonus or the problem of taxation
to provide the necessary revenues.
possible
payment
Mary Z. Tal-
It
was
noted that the State's
sur¬
reach upwards to
$100,000,000 at the end of the cur¬
rent year, would be inadequate
and that additional appropriations
would have to be made by future
legislatures.. It
was
further
pointed out that the surplus would
plus, which
may
will receive
be "absorbed" if veterans of the
(EWT) on
present war, are granted a bonus
August 28 for the purchase of
similar to that which followed the
$76,000
2%
refunding
bonds.
last war.
Dated
Sept.
1,
1944.
Denom.
Major iteni in the tentative pro¬
$1,000. Due $4,000 April and $3,000
Oct. 1, 1946 to 1955, and $3,000 gram would be a State highway
construction program calling for
April and Oct. 1, 1956. Bidder may
cott,
Village
Clinton, Okla.
Offering—W. A.
of
sale
the
water
1949.
•
equip¬
department
fire
25,000
bonds.
Due
$5,000
in
bonds
will
be
sold
to the
bidder offering
the lowest rate of
interest and agreeing to pay par
accrued
These
interest.
June
on
elec¬
Bidder—
of amount
Stuart & Co., Chicago
Company, Columbus
Ohio
124.00
105.19
37.50
Toledo, Ohio
Bond Offering — Rudy Klein,
tion
sewer
bonds'.
1, 1944.
Clerk,
Bidders
1926,
payable from
levied outside the constitu¬
accrued interest
All
begin
and
power
soon
as
materials
as
are
man¬
avail¬
issue
to pay
proceedings
to
money
was
reserved
for the land.
,Six main runways, each 11,000
sealed bids until noon
dition
to
two
aprons
for
heli¬
copters.
centrally-located building at
the airport will house administra¬
tive offices, radio control quarters
A
procured by the purchaser at
expense. Said bonds may be
exchanged for bonds registered as
to principal and interest at the
request of the owner.
Enclose a
certified check for
1%
of the
be
and
his
An
an
electric
unusual
interurban line.
of the pro¬
feature
posed project is a seaplane
land¬
ing base on a 27,000 acre lake near
the airport site. Oklahoma City's plans for the
ibonds bid
for,- payable to the midcontinent airport and its ef¬
Commissioner of the Treasury.
forts to make it one of the major
District, Ohio
Bond Election—An election has
School
the voters an
freight
minals
on
two
Wooster, Ohio
Voted—The City
in
passenger ter¬
country are based
and
the
main
considerations
%
100.327
%
Rollins
H.
Graham,
C.
P.
Childs
Co.
&
Co.,
Co.,
K.
t■■■'.'
,
%
Trust
100.133
3/4
100.107
%
and
100.06S*
Hemphill,
Noyes & Co
Harris
100.213
"and
—
&
100.367
and
Sons,
Bennett, Smith &
Crouse,
Otis
&
&'
Savings
Chicago
Cunningham & Co.— %
100.327
Evans School District, Pa.
To Issue Bonds—The Board
Education
f
of"
recently decided to is¬
$15,000 construction bonds.
sue
Farrell, Pa.
No Action Taken
tion
with
the
—
f
In
to
climatic conditions.
Coun¬
airport will place the city
cil recently voted to issue $300,000
within 20 hours of every European
community hospital and site pur¬
capital, and with its adjacent sea¬
chase bonds.
plane base, trans-ocean freight
cargoes
could cross the United
Youngstown, Ohio
States without transfer at tide¬
Bond Call—Forrest J. Capalier,
water to land planes.
Secretary Sinking Fund Trustees,
In planning Oklahoma City's fu¬
reports that the Sinking Fund
Trustees on Aug. 3 passed a reso¬ ture in the field of aviation, the
,
The
proposal
connec¬
to
action has been taken
no
.*•
re¬
garding the issue.
Sale
Bond
Rocks,
Pa.
J. Lanz,
City Clerk, reports that Phillips,
Charles
—
Schmertz
&
Co., of Pittsburgh,
purchased
$40,000
1%%
funding bonds, paying a price of
101.288, a basis of about 1.604%.
Due June 1, as follows: $5,000 in
1945 and 1948, $15,000 in 1954 and
$5,000 in 1955 to 1957.
have
Smith
Township School District
(P.
Bond
O. Burgettstown), Pa.
Sale —The $30,000 l1/2%
operating expense bonds offered
for sale on Aug. 5 were awarded
to E. H.
Rollins & Sons of Phila¬
delphia, paying
price of 100.656."
a
SOUTH CAROLINA
Abbeville County School District
No. 9 (P. O. Calhoun Falls), S. C,
Bond
ville
Sale—The Bank of Abbe¬
recently
purchased at par/
refunding bonds.
1944.
Denomina-v
tion $1,000. Due July 1, as follows;,
$2,000 ill 1945, $1,000 in 1946/$!000 in 1947 to 1955, and $3,000 in
1956 to 1959, Principal and inter¬
est payable at the Central Han¬
over Bank & Trust Co., New York.
Legality approved by Huger Sinkler, of Charleston.
*
$33,000
Dated
3V4%
1,
July
-
Charleston County
(P. O. Charles¬
ton), S. C.
ac¬
city officials; central
location in regard to transconti¬
nental air routes and favorable
construction bonds.
Bonds
air
15 to submit
issue of $50,000 cording
been called for Aug.
to
Parsons & Co.—'
Peoples-Pittsburgh Trust Co.
E.
McKees
Condemnation
and a 100-room hotel.
Passenger
bond attorney whose opinion traffic to and from the terminal
to the legality of the bonds may will be accommodated by buses
Wauseon
100.395
able.
a
as
Price
3A %
%
Pittsburgh-
Halsey, Stuart & Co
that
to
will be taken under the direction
of
as
were
Int. Rate
Bidder—
Union Trust Co.,
the ning parallel to the electric line.
to
accepted.
proceedings incident to the
proper authorization of this issue
and
par
bidders
v
uled
A large freight terminal
tional
10-mill
tax
limitation. will be connected with rail trunk
lines by an electric railroad* spur;
Principal and interest payable at
the Chemical Bank" & Trust Co., trucks will have easy access to
New York. No bids for less than the terminal along a route run¬
tax
a
Other
1949.
the land and construction is sched¬
may
are
Erie), Pa.
The
-r-
issue
$50,000 recreation building bonds,
mentioned in v. 159, p. 1607, Lloyd
S. Newton,
City Clerk, reports
acres acquired, op¬
tions taken on most of the rest of
needed
1,890
bond
Denomina¬
$1,000. Due $6,000 Oct. 1, 1946
1970.
to
to
S.
City Auditor, will receive sealed acquire the land were authorized
bids until noon on Sept. 5 for the by the city council a year ago.
purchase of $150,000 3% coupon and more than $500,000 of airport
Dated Oct.
,
$200,000 re¬
funding bonds offered for sale on
Aug. 3 — v. 160, p. 168 — were
awarded
to
Singer,
Deane
&
Scribner, as %s, paying a price of
100.185, a basis of about 0.57%.
Dated Sept. 1 J 1944. Denomination
$1,000. Due $50,000 Sept. 1, 1946
Bank,
bid.
to
the
American
for information
Municipal Association.
The site
Premium has been selected, much of the
Ryan & Sutherland & Co., Toledo- $455.60
Braun, Bosworth & Co., Toledo—
208.00
J. A. White & Co., Cincinnati
181.00
intercepting
Sale
(All
'■
the City's share
as
project to cost $225,000.
Erie County (P. O.
Enclose a
20.
City, Okla.
Airport Project
bidders:
is
future to
PENNSYLVANIA
are
Oklahoma
other
bonds
follows:
street equipment bonds.
Due $5,000 in 1947 to
1950,
and $6,000 in 1951.
The
election
near
issue of $75,000 sewer
an
on
a
Bond
works extension
bonds. Due $10,000 in 1947 to
1964,, and $12,000 in 1965.
;
9,000
sewage
disposal
plant
bonds. Due $3,000 in 1947 to
$192,000
—
of
to be called in the
of
Oregon
Election—An
will
bonds
to
a
syndicate
$25,000,000
headed by Fox, Reusch & Co., of
Municipal officials are
Cincinnati, and Associates, as Is, Studied
at a price of 100.022, a basis of completing plans for a $25,000,000
about 0.996%, the following is a midcontinent airport, according to
list
1, 1948.
Sweet Home,
Bond
system
Shouse,
$67,000 re¬
iy4s)
May 2, have
the Sinking
on
by
OREGON
receive sealed
bids until 8 p.m. on Aug. 17 for
the
purchase of the
following
bonds aggregating $252,000:
Clerk,
certified check for 2%
connection
held
purchased
vote
funding
f
$175,000
Bond
The commission
Election—At the Novem¬
Bond
and accrued interest.
par
tion held
District, Ohio
the
been
Fund. Due Jan.
agreeing
the bonds authorized at the
City School
day of delivery will be
street
.
and
election in
-
,
the
issue of
4%
pay
and
Bidders —In
Other
the election
offering the low¬
interest
provement during the past week,
in
in November an
'
to
of
rate
bid for a feet long, 500 feet wide and built
different rate of interest in a mul¬ to support 150 tons, are proposed.
tiple of J/4 of 1%.
These bonds A separate landing field will be
were authorized at the November
provided for private planes in ad¬
Prices
Election—At the
Bond
election
p.m.
with the yield for 20
Aug. 15 to submit
issue of $50,000
an
'
est
Financing—
Anticipation
Shaker Heights
Cin¬
cinnati, reported on Aug. 9 as fol-r
lows:*-
8
Clerk, reports that $4,800 1% fire,
equipment bonds
authorized
at
26,000
of bonds.
Halsey,
■
ed to the bidder
City Council recently passed
ance
The
sanato¬
until
Sale—Ellis E. Davis, City
to 1949. The bonds will be award¬
ment
legislation as an emergency meas¬
ure authorizing an issue of $30,000
notes in anticipation of the issu¬
con¬
are
issuing $110,000
prove—J.
Bond Election—An election has
been called for
Commisisoners
sidering
Ohio (State ofy
Municipal Prices Further
'
Bond
The
The
—
rium bonds.
Archbald School
Ohio
Bond Issue
Clerk,
District
bids
sealed
»
Stranahan, Harris & Co., Toledo—
Montgomery County (P. O.
Dayton), Ohio
Proposed
sanato¬
H. Mann-
1947 to 1951.
with
the
$11,000
The
E.
—
received
on Aug.
10
for
the
purchase
of $6,000
school bonds. Due $2,000 in 1947
schreck,
con¬
Reading, Ohio
1%
for
County (P. O. Elyria), Ohio
Bond Election—At the Novem¬
a
price of 100.26.
the
check
flood
Preble: County: (P. O.
for, payable to
following bonds
aggregating
$1,700,000
will
be
placed on the ballot in connection
with post-war projects:
$1,000,000 Court House bonds.
*
500,000 airport bonds.
100,000 Juvenile Detention Home
OHIO
to
bid
as
100.50,
aj;
certified
Lorain
ber
NORTH
a
bonds
the District Treasurer.:
cently voted to hold a special elec¬
tion
the
of
special session re¬
a
Rate of interest to be in
of $110,000
Boston
the voters.
sidering
No. 20
City
project bonds will be submitted to
coupon or
in 1968.
issue
an
School District
(P. O. Washita), Okla.
Bonds Offered
Bond
Election—At the Novem¬
Portsmouth-New
payable at the First National Aug. 22 for the purchase of $23,Bank of Boston, or at the Central 500 not to exceed 4%
interest
York, and are payable to bearer
without option of registration and
bear interest payable at maturity.
proceedings authoriz¬
ing this issue have been approved
by Squire, Sanders & Dempsey,
of Cleveland, and a copy of their
are
Hanover Bank & Trust Co., NeW
No bid
and accrued in¬
Tonkawa, Okla.
Bond
Caddo County
lk of 1%. Principal
payable at the office
for less than par
Bonds Authorized—The
First National Bank of Boston, or
the
and interest
Portsmouth, Ohio
anticipation of "which said certifi^
cates are issued, but if not so paid,
payable ultimately from ad valo¬
rem taxes which may be levied
on all the taxable property within
$600.
the City without limitation as to
rate or amount.
The certificates Deer Park Exempted School Dis¬
trict (P. O. Cincinnati), Ohio
will be delivered against payment
Bond
on or about Aug. 29, 1944, at the
Offering — Albert
L.
at
multiples of
679
OKLAHOMA
1948, and $7,000 in 1949
1954. Rate of interest to bejn
to
Delta, Ohio
Village
Council recently passed an ordi¬
nance calling for an issue of $6,000
street
improvement
bonds.
Dated Sept. 1, 1944. Denomination
!
& FINANCIAL CHRONICLE
THE COMMERCIAL
Number 4307
,
Bond
veen
Read
Sale
Details
—
John
Nu-
& Co.,
&
of Chicago, and Frost,
Co., of Charleston, pur- '
chased $4,150,000 bridge revenue
refunding bonds as follows: $6$0,000 maturing $50,000 March and
Sept. 1, 1945 to March 1, 1951, as
2s,
$750,000
maturing
$75,000
Sept. 1, 1951, March and Sept. 1,
1952 to March 1, 1956, as 2.20s,
$1,000,000 maturing $100,000
Sept.
1, 1956, March and Sept. 1, 1957
to March 1, 1961, as 2.30s, and $1,750,000 maturing Sept. 1/ 1964, as
2.40s. Dated Sept. 1, 1944.
Previous report of the sale appeared in
v. 160, p. 576.
payment on Oct. city's aviation consultant outlined
•
3V2% indebted¬ the following recommendations to
highways, roads and ness
liquidating bonds Nos. 42545 the aviation commission; develop¬
3in a multiple of % of 1%. The
streets.
to 42673, part of an issue of $1,- ment of air parks in addition to
bonds
will bear
the approving
the seven airports already located
Port Clinton, Ohio
193,000, dated May 1, 1936, and
SOUTH DAKOTA
opinion
of Squire, Sanders &
Bond Offering—W. L. Zeis, Vil¬ maturing Oct. 1, 1945. Funds in the in the area; promotion of aviation
Java .Independent School District,
Dempsey, of Cleveland, said opin¬ lage Clerk,' will receive sealed amount of $129,000 and interest to education;. development of local
S.D.
bids until noon (CWT) on Aug. 22 Oct. 1, 1944, are available for re¬ air service in the entire Oklahoma
ion to be furnished by the Village
Bond Sale Details—In connection
for the purchase of $65,555 not to demption
of said bonds. Bonds City trade area; and the earliest
or
by the bidder at his option.
with the sale of the $29,000 2^%*
exceed 4% interest sewer bonds. must have unmatured coupons at¬ possible completion of the city's
Enclose a certified check for 2%
Dated April 1, 1944. Denomina¬ tached and will be paid at the of¬ permanent master air terminal for refunding bonds to the Allison,of the bonds bid for, payable to tion $1,000, one for $555. Due Oct. fice of the Sinking Fund Trustees. freight and passenger transporta¬ Williams Co., of Minneapolis, re¬
tion.
port of which appeared in v. 159,
the Village Treasurer.
1, as follows ;'$5,555 in 1945, $6,000 Interest ceases on call date.
'
bid for
a
different rate of interest
$400,000,000
the
State's
in
improvements
to
lution calling for
1,
1944 $129,000
.
'
-
THE COMMERCIAL & FINANCIAL CHRONICLE
680
2576, C. L. Hicks, Clerk Board not offer for sale any additional
the bonds for at least 60 days. Prin¬
of cipal and interest (M & S) pay¬
able at the Chase National Bank,
102.00, a basis of about 2.19%.
New York. The Drainage Sewer
p.
the amount of
of Education, now reports that
bonds were sold for a price
000
Chillicothe
School
Independent
District, Texas ■
Bond Call —Clare Karr,
Board
of
Clerk
reports that
Education
through Board of Trus¬
tees, calls for payment on Sept.
15, 1944, by paying principal and
accrued interest, $13,000 refund¬
ing bonds, dated March 15, 1938,
being all bonds outstanding of an
authorized issue of $16,000.
Said
bonds are to be presented at the
District,
Treasurer's
State
ment.
Interest
office
for
ceases
sued
County School District
(P. O. XVylie), Texas
was
July 29 to vote an issue
on
$19,000 construction bonds.
independent School
Corpus Christi
District, Texas< •
Legality Approved—An issue of
$142,000
1 lk %
refunding bonds
has been approved as to legality
by W. P. Dumas, of Dallas. Dated
July 15, 1944.
Guadalupe County (P. O. Sequin),
Texas
Bond
tion
Sale
with
Details—In
the
sale
connec¬
the
of
$25,000
road
bonds, as l%s, report of
which appeared in v. 159, p. 2358,
H. A. Eideke, County Judge, re¬
ports that the bonds were sold to
the First National Bank of
kjV 'j]: Houston,
Bond
Westerman,
receive
16
$570,000 bonds
$400,000
Due
until
10
sewer
Sept.
are
tion
1, 1945 to
1964.
debt
financial
1948.
To E. H. Rollins & Sons, at 114.59
$1,000 2%% Utica, N. Y., water
supply revenue bonds.
Due
ming pools and recreation centers,
be
placed
Oct.
the ballot at the No¬
on
election.
vember
for
statement
the
fiscal
$51,000 2%% Utica, N. Y., water
supply revenue bonds.
Due
WISCONSIN
Wisconsin
(State of)
Trathen, Di¬
Oct. 1, 1952.
Bond Sale—Albert
rector
of
Investments
State
$114,000 2%% Utica, N. Y., water
supply revenue ~bonds. Due'
Oct. 1, 1955.
i
beginning June 30, 1943 and nuity and Investment Board, re¬
ending June 30, 1944.
However, ports that various issues of State
the Governor pointed out that $1,- and municipal bonds aggregating
500,000 of this surplus has been $1,031,000 were sold on Aug. 2,
for additional State pay
To John Nuveen & Co., at 104.946
$32,000
follows:
as
authority
of
City
as provided for by Section 8057 of
To Ilalsey, Stuart & Co., at 110.45
Charter, Article 4, Section 1. The the
Public Laws, as voted by the
$50,000 314% State of Arkansas
Charter of the City requires the
Special Session of Legislature, so
highway bonds. Due April 3,
levy of an annual
continuing that on
July 1, 1944, the State sur¬
1950.
Sinking Fund to pay bonds at ma¬
plus stood at $1,006,626.
To Ilalsey, Stuart & Co., at 111.535
turity, and'interest.
Delivery of
The additional one and a half $32,000 3V4%
State of Arkansas
bonds
within
approximately 35
million
dollars which
has
now
highway bonds. Due April 1,
days. The City agrees that should
allocated
the Federal Income Tax status of
been
these
veterans
for
the
4
of
the
To
bonds
change
after
the
Acts of
the Special Session of $78,000 3*4%
State
opening of the bids and before the
March 15 to 18, brings the total
highway bonds.
of delivery,
the successful
1952.
bidder may withdraw his bid and amount earmarked during the last
two years for Vermont's fighting To Ilalsey, Stuart &
recover his good faith check, up¬
men to two and one-half millions.
$25,000 3*4% State
on making written request to the
highway bonds.
Mayor and City Council. Enclose Returning veterans who have re¬
1953.
a
certified check for 2% of the ceived honorable discharges will
To Ilalsey, Stuart &
receive $10 for each month of
par value of the bonds payable
service up to and including the $20,000 314% State
to Otis Massey, Mayor.
12th month, making the maximum
highway bonds.
Navarro County Road Dist. No. 3
1954.
payment $120.
(P. O. Ccrsicana), Texas
The Governor said that he be¬ To Northern Trust
of
est
the
at
rate
of
5%
in
the
Waco,
Bond
Texas
Issue
Considered—Study
is being made by the City Com¬
mission
of
recommendation
a
lieves
the
nearly
care
State
enough
now
set
may
aside
to
of
in
ALBERTA
debentures
15, 1940
the armed forces. The balance
4%
bonds.
1949.
Co.,
Chicago.
111.,
bonds.
ince
to
Savings Bank,
$15,000
by the voters.
Chicago, 111., Park
41/2%
District
bonds.
holders
of
of
of
of
the
Im¬
in
the
Canada
of Canada.
of Alberta
matured
Chicago, at 102.273
branch
any
Bank
Dominion
Due Jan. 1, 1950.
To Harris Trust &
at
perial
116.198
Chicago,
Feb.
in respect of the half year
made
Trust
matured
are
ending Aug. 15, 1944, being at the
rate of $12.50 and
$6.25, respec¬
tively, for each $1,000 and $500
denomination.
Payment will be
Fenner
Beane, at 113.64
4% Chicago, 111.,
which
being advised that in¬
terest will be paid at the rate of
&
$96,000
g
(Province of)
Interest to Be Paid—Holders of
Co., Chicago,
To
men
to
Alberta
that the State has not paid off all
of the World War I bonds issued
for the
failed
Due April 1,
$10,000
pay
bonds-
CANADA
Arkansas
2V2%
at
Water
Co., at 113.14
have saved for their fighting men,
and he called attention to the fact
provide state
275,000
carry.
1955.
Northern
Willeet,
July 18, the $!,-
on
Due April 1,
To Merrill Lynch, Pierce,
to
Bonds Defeated—D. B.
Arkansas
people of the State havp reason to
take pride in the amount
they
1,
1,
City Manager, reports that at the
election held
take
Jan.
May
WYOMING
at 113.018
Due
N.v. Y.,
Due
Laramie, Wyo.
$25,000 3*/4% State of Arkansas
highway bonds. Due April 1,
veterans.
Yonkers,
bonds.
1949.
1,
have
of all of Vermont's returning
He points out that the
2.80%
various
Co., at 113.17
■
—
$18,000
\
of
N. Y.,
May 1,
Due
To Ilalsey, Stuart & Co., at 107.14
Arkansas
Due April
Yonkers,
bonds.
1947.
Ilalsey, Stuart & Co., at 112.40
date
Bonds Called
J. W. David,
County Treasurer, has called for
redemption on Sept. 1, 1944 bonds
dated Sept. 1, 1913, bearing
inter¬
2.80%
various
1951.
returning
under.number
g
To E. 11. Rollins & Sons, at 114.59
An¬
year
set aside
1, 1951.
To E. II. Rollins & Sons, at 114.59
of
70,000 park bonds.
Due $7,000
made by the municipal post-war of this debt to be paid as of June
Sept. 1, 1945 to 1954.
planning committee for an issue 30, 1944, was $298,000.
100,000
general
improvement
He also called attention to the
of $1,000,000 bonds if approved
bonds. Due $10,000 Sept. 1,
fact that the situation in Vermont
"
at 109.296
$25,000 3V2% Pawtucket, R. I., re¬
funding bonds.
Due June 1*
Ballot—
on
of
a
State
To Wisconsin Co., Milwaukee,
was
$1,142,000,
surplus of $2,506,626 was
reported by Governor William H.
Wills in making public his annual
under
amount of $2,000. Bonds should be
presented
for payment
at
the
of State Treasurer's office.
bonds.
of
and
is¬
a.m.
purchase
follows:
drainage
H.
bonds
will
the
as
$20,000
M.
Secretary,
bids
for
Mrs.
—
City
sealed
Aug.
on
Sequin.
Texas
Offering
(State of)
Debt
Reduction
And
Surplus
Reported by Governor—A reduc¬
ity with the notice of sale will not
considered. The
Vermont
/
State. Bids not in strict conform¬
be
No. 11
of
on Oct. 4, 1941.
Improvement bonds
are issued under authority of the
City Charter.
The City has no
provisions for registering princi¬
pal and interest but will pay for
the printing of*the bonds and at¬
torneys' opinions. All bond records
have
been
approved
by Reed,
Hoyt & Washburn, of New York,
and the Attorney-General of the
General
date
on
Election Held—An election
held
VERMONT
at an election held
The
Bonds to be Placed
issue
authorized
were
pay¬
called.
Collin
bonds
VIRGINIA
Charleston, W. Va.
proposed recently, that an
bonds to provide funds
for
purchasing and developing
property for playgrounds, swim¬
be considered.
,
Park
and
WEST
approximately $5,for purchase of
bonds, and only tenders of less
than par and accrued interest will
It
available
are
Monday, August 14, 1944
will
The Prov¬
interest
pay
debentures
which
July 15, 1941, at the rate
214%
in
respect
of
the
half
ending July 15, 1944, being
the rate of $11.25 for each
$1,-
year
Due
Sept. 1, at
to 1954.
is unique. Funds are being pres¬
1955; optional March 1, 1945. 000. Interest will be
Sept. 1, 1944. Denomina¬ Ward County Water Improvement ently set aside to meet the indebt¬
paid at any
To Harris Trust & Savings Bank, branch of the
tion $1,000. (Average maturity of District No. 2
Imperial Bank of
(P. O. Grand falls), edness payable in the future. By
entire loan 9 years.) Interest rates
Canada in the Dominion of Can¬
Chicago, at 102.553
Texas
this method, the Governor point¬
to be in multiples of % of 1%
$10,000 5% Chicago, 111., Park Dis¬ ada, or at Bank of the Manhattan
Tenders Invited
William O. ed out, the
returning soldiers who
trict
bonds.
Due
only. Different rates may be bid Walker, District Secretary, will are the beneficiaries of this
Sept.
1, Company in the City of New York,
pol¬
on
different issues but not two receive sealed tenders until 2
1955; optional March 1, 1945. or at the office of Lloyd's Bank,
p.m. icy will not find that they are to
rates on any one issue. Bids must on Sept. 4
of refunding bonds, be called upon to contribute to To Ilornblower & Weeks, at 101.94 Ltd., London, England. Interest at
be for all or none. The City will 2-5%, dated Dec.
$9,000 5% Cook County, 111., bonds. the rate of 214% in respect of
1, 1937. Funds in their own benefits.
half year ending July
Due
Jan.
1, 1944, be¬
1, 1956; optional
Jan. 1, 1945.
ing at the rate of $11.25 for each
$1,000 denomination will be paid
To* Ilalsey,. Stuart &
1945
Dated
-
—
Co*, at 111.96
THE PORT
OF
NEW YORK
AUTHORITY
to
holders of Alberta debentures
which matured July
1, 1942. Hold¬
ers must present their debentures
for notation thereon of such
$65,000' 2.65% Hudson County, N.
J.,
Maternity Hospital
and
Nurses Home bonds. Due May
1, 1955.
pay¬
ment
To Ilalsey, Stuart & Co.. at 111.92
Proposals for all
or none
of $17,671,000 of General and Refunding
$65,000 2.65% Hudson County, N.
J.,
Maternity Hospital
and
by the Authority at 11:00 A.M.
on
August 15, 1944, at its
office. Each offer must be accompanied by a certified check or cashier's
check in the amount of $353,420. The
Authority will
$65,000 2.65% Hudson County, N.
J., Maternity Hospital and
Nurses Home bonds. Due May
1, 1957.
on
that day.
To Harris Trust &
Savings Bank,
Chicago, at 131.929
Bidders must state
age
rate
(a) the price bid for the bonds, (b) the
annual net interest cost to the Authority, and (c)
a
the bonds
are
to be
$50,000
must be
a
To
callable
commencing August 15, 1949
They must also specify whether
(for other than sinking fund purposes)
commencing August 15, 1954.
or
State
of
Louisiana
Due
March
Northern
Trust Co., Chicago,
7V
at 136.259
$50,000 5%
State of Louisiana
highway bonds.
Due March
15, 1956.
,
cent.
one per
5%
highway bonds.
15, 1954.
single interest
(not to exceed 2%) to be borne by the bonds, which
fnultiple of one-eighth of
aver¬
,
interest cost.
•'
'
■
•
|
.
-
,
.
$411,000
Due
suant to which these bonds
are
to be
office of the Executive Director of
issued,
may
be obtained at the
the'Authority, J 111 Eighth Avenue,
,
,
AUGUST
11, 1944
FERGUSON,
March
To
Paine,
1,
bonds.
W'ebber,
1957
1962,
000
in
; 1968.
Due
Jackson
&
.
1967, and .$228,092 in
'
v,
Dated
Aug. 15, 1944. Denomina¬
tion $1,000 and $500, one for $1,092.
Callable
interest
1955.
.
to 1961, $200.00(5
$205,000
in
1963,
$215,000 in 1964, $220,000 in
1965, $235,000 in 1966. $260.-
$25,000 4V2% Newark, N. J., school
bonds.
Due March 1, 1954.
improvement
1946, $46,000
1952.
in
at 125.40
CHAIRMAN
bonds.
follows: $45,-
as
and
$25,000 in 1955 and 1956, $30,-
Co., and Paul II. Davis & Co.,
FRANK C.
refunding
1945
in 1947, $47,000 in 1948, $48,000 in
1949, and $60,000 in
000 in
; at 126.88
$50,000 414% Newark, N. J., port
com¬
1,878,092 3J/2% refunding bonds.
Due Aug. 15, as follows:
$65,000 in 1953, $50,000 in
1954,
To Harris, Hall & Co., Milwaukee
New York, N. Y.
2%%
Aug. 15,
000 in
Co., and Paul II. Davis & Co.,
pur¬
'
syndicate
Bell,
Gouinlock &
Co., Wood,
Gundy & Co., Mills, Spence & Co.,
and A. E. Ames &
Co., all of To¬
ronto, is offering the following
bonds aggregating
$2,289,092:
To Harris, Hall & Co., Milwaukee
Copies of the prescribed bidding forms, and the resolutions
Sale—A
1950 to
$45,000 41/2% Newark, N. J., school
bonds. Due March 1, 1953.
:, ;
Township (P. O. York),
posed of McLeod, Young, Weir &
Co., Dominion Securities Corp.,
.
123.76
Canada, or at
Company,
City. %
Ont.
To Harris, Hall & Co., Milwaukee
at
branch
'
Bond
>
the basis of the lowest annual net
any
ONTARIO
East York
Co., and Paul II. Davis & Co.,
The award will be made upon
at
Bank of the Manhattan
New York
1, 1956.
.
acceptance of bids at or before 6:00 P.M.
interest
Imperial Bank of Canada
To Ilalsey, Stuart & Co., at 112.30
the
announce
of
the
in the Dominion of
Nurses Home bonds. Due May
Bonds, EIGHTH SERIES, Due 1974, (First Installment), will be
received
of
verse
on
at
30
par
and accrued
days' notice in
re¬
order of maturities. Princi¬
•
Curtis, at 126.12
$5,000 4V2% Newark, N. J., port
improvement
bonds.
Due
March 15, 1954..
.
pal
and interest
payable
ronto.
in
To¬
Legality approved by Daly,
Thistle, Judson & McTaggart of
Toronto."-1
-
-
..
@FedFRASER